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JHlr
tatide
nmttitrri*
AND
HUNT'S MERCHANTS' MAGAZINE,
AND INDUSTRIAL INTERESTS OF THE UNITED STATES
•REPRESENTING THE COMMERCIAL
VOL
NEW YORK, DECEMBER
J5.
THE
National Bank-Note
(INCORPORATED NOVEMBER,
WALL
1
Co.,
THE
Pacific National
OF BOSTO.V*
STREET,
ROOM
RIALTO BUILDING,
131 Devonshire
DIRECTORS:
No. 2,
O; poslte the Post oniec.
St.
Jr., Ann of Hollingsworth &
Whitney.
G P. Jbown. firm of Brown, Steese & Clarke.
M. B. Tower, Marine contractor.
M. P. Spring ex. firm of Springer Brothers.
Edwin Rax, Agent Connecticut Life Insurance Co.
B. M. Fowle, firm of Fowle & Carroll.
J. U. Sanborn, Merchant*' Tobacco Co.
Geo. C. K*.xd, firm of Hand, Avery & Co.
J. H. WniTAKKR, firm of Enoch Benncr & Co.
Arthur Sewall, President Bath National Bank, Me.
A. I. Benton*.
The well-known character of these gentlemen la a
guaranty of a faithful and discreet management.
Mercantile Accounts and Accounts of Banks and
Bankers received on most favorabla terms.
Collections made on all accessible points. Special
attention given t
the sale of Sterling Bills of Exchange a<BO to orders forpurchase orsale of Government Bonds and Gold, and to collection of Coupons,
Dividends and Beglstered Interest.
Interest allowed on Deposits, according to agreement. Loans made on Merchandise, on satisfactory
Lkohard Whitney,
NEW YORK.
raSKAVERS or TUB
(United States Bonds, Notes, Currency
and National Bank Notes.
E.vonAvrsa akd Pbditiho or
BANK-NOTES, STATE AND RAILROAD BONDS,
POSTAGE AND REVENUE STAMPS.
•CERTIFICATES, DRAFTS, BILLS OF EXCHANGE,
AND COMMERCIAL PAPERS,
Lazard Freres,
Bank
This Bank, duly authorized by the Comptroller of
the Currency, Is now open for business at
1850.)
65 Fine Street,
DRAW SIGHT a TIME BILLS on she UNION
toiling
and
alterations.
On LAZARD FRERES A CO,
PARIS,
And oa
—
The
officers will give personal attention to all business entrusted to them, and no pains will be spared to
make any
business relations with the
pleasant and profitable.
A.
F.
Vommunleation* may be addressed to ihit
Company In any language,
J.
TAN ANTWERP.
If.
J. HIA< IM>.\Ol
OH,
SHEPARD,
A. D.
Vlce-Prea't.
Treasurer.
Form, Prest.
Transfers of
Francisco.
Surplus,
nvltcd.
BANKERS,
world
;
also.
Time and Sight
BANK OF LONDON.
Bills
all
parts of the
on the
UNION
Cable Transfers made.
R. A. Lancaster
J.
&
Co.,
Bonsht and Sold on Commission.
VIRGINIA STATE AND RAILROAD SECURITIES
A
PARIS, payable
la
any
Stuart
J.
33
&
Co.,
NASSAU STREET.
BILLS OF
&
EXCHANGE ON
A SMITH'S,
SMITH, PAYNE
HANKERS, LONDON
;
MANCHESTER A COUNTY RANK,
"LIMITED";
JOHN STUART A CO., Banker*,
MANCHESTER, PAYABLE IN LONDON
ULSTER RANKING COMPANY,
;
BELFAST, IRELAND;
AND OX TUB
NATIONAL RANK OF SCOTLAND.
M. K.Jesup, Paton &Co.
ALSO,
H. L. Grant,
BROADWAY,
No. 145
NEW YORK.
CITY RAILROAD STOCKS & BONDS
BOUGHT AND
No. 53 William Street,
J.
of London.
Aceounts and Agencies of Banks, Bankers and Mer"
Firms received upon favorable terms.
Bonds, Stocks, Commercial Paper, Gold, &c., bought
and sold on Commission.
in
paring Interest
Coupons and Dividends, and also as Transfer Agents.
Dividends, Coupons and Interest collected and
remitted.
NEW YORK.
BOSTON,
" bU4
street
Pearl Street.
GOSSLER
&
Co.,
OOBBBSPOHDBltTS or
Bank of itnmbnrg and
Loudon, (Limited.)
HOUSE IN EUKOl'E,
International
JOHN BBRENBErtG,GOSSLER&C0
SOLD.
Sea quotations of City Railroads la Oils paper
NEW YORK.
Draw Exchange on Union Bank
B.
HIS.
J.
IIBXOSTLBB.
O. *.
KUBHMKMOSDT
Haar & Co.,
RANKERS AND BROKERS,
45 WALL STREET.
DEALERS IN SPECIE AND UNITED STATES
8ECU RITIES. Buy and sell stocks. Bonds, and Gold
for cash or on margin.
orders for Investments.
S.nclal attention paid to
ORDERS EXHCUTKD AT THE PHILADELPHIA
AND BOSTON STOCK EXCHANGES
Gwynne & Day,
(Established 1851.)
No. 16 Wall Street.
Receive deposits subject to check at sight and
allow Interest on balances. I**ue Certificates of
Deposit available In all parts of the Lulled Stales and
Canada. Huy and Sell, on Commission, Ooid. Uovernment Honds. Investment and other Securities. Offer
facilities to parties desiring to Buy or Sell Railway
and other shares, either cash or on time contracts.
Geo. H. Prentiss,
HAMBURG.
Specialty.
Loans N eeotlatcd*
Room
Charles G. Johnsen,
SIERCDAJVT AND BANKER,
Grant
& Company,
LA
30
S3.
WALL STREET.
B. StjTDi.* QU.it.
U. ST. Johs
Sunns.
BROAD STREET.
CAS STOCKS
BANKERS AND BROKERS,
No. S3
TRANSACT A GENERAL BANKING Bb SINKS"
STOCKS BOUGHT AND 80LD ON COMMISSION
INTEREST ALLOWED ON DEPOSITS.
166 QRAVIER STREET
NEW ORLEANS,
&
INVESTMENT SECURITIES.
134
BANKERS AND BROKERS,
66 Broadway, New York.
SOOTIIKKN AND MISCIXLANROUS SECURITIES
at
part of Europe.
CABLE TRANSFERS AND LETTER3 OF CREDIT
Act as agents for Corporations
WALL STREET, NEW YORK,
IS
Issue Letters of Credit, available In
sad Baa
Col,
sanlile
Kountze Brothers,
to Parts
BANKERS AND BROKERS,
1 Wall St., Cor. New, New York.
......... $400,000
...--.-.- 200,000
Special attention given to COLLECTIONS, and
-prompt remittances made on day of payment.
Boston business paper discounted. Correspondence
Money by Telegraph
Circular Notes and Letters of Credit through Messrs.
Special attention to business of country banks.
BOSTON.
PRINCIPAL CITIES IN KUBOPB.
LAZARD FREKE8 A CO,
SajCl Phillips, Cashier.
Maverick National Bank
Capital,
Bank mutually
BENYON, President.
J. CHICK, Cashier.
I.
A. H. Brown
PreVt.
JNO. B. GCBBIEB, Secretary.
Asa P.
the
>
margins.
This Company engraves and prints bonds, postage
stamps and paper money for various foreign
Jo'-emments and Banking Institutions South
American, European, West India Islands, Japan, Ac.
BAJ»K
LONDON,
;
of the art with special iaftovariJs devised and patented, to prerent counter
in the highest style
G51.
Financial.
Financial.
Financial.
OFFICE, No.
NO
15, 1877.
A SPECIALTY.
Brooklyn Securities Bought and Sold
McKim
Brothers
6c
Co.,
BANKERS,
47 Wall
Stresji,
a sir York.
THE CHRONICLE.
ii
Boston Ban
Gxo. Wx. Ballou.
Southern Bankers.
ers.
George H. Holt,
Member N. Y. Stock Exchange
8
WALL STREET,
New
12
DEVONSHIRE
York,
MAIN
BANKERS,
HOUSTON, TEXAS.
ST.,
DEALER
Boston,
U. S. Government
IN
Gold, Silver and Negotiable Securilies.
Municipal Bonds.
COLLECTIONS MADE TBEOUCnOUl THE
&
Co.,
BANKERS,
amounts to
Platt K. Dickinson,
Howabd C. Dickinson,
Member of Stock Exch'ge. Member of stock Exch'ge
John R. Waller.
Adams &
Dickinson", Waller
Leonard,
B A N.K BBS.
Auctions, and Private Sale.
MnodvA
Western
.cankers.
State, City,
SECU.ilTIES, Gold,
County and Railroad Bonds.
Capital Stock, - ~T~.
Capital Paid-in,
.....
&
BANKERS,
78
Buy and
and
City
County Bonds.
Phila.
&
A. J. WILLIAMS, Vice-Pres't.
U. COLLINS, Cashier.
San Francisco— Wells, Fargo &
The Nevada Bank
SAN FRANCISCO, CAL.
&
Co.,
and
solicited
»
Information
fur-
nished.
Coebespondents— McKim
Brothers
*
f"3.
8TOCK BROKER,
203 WALNUT PLACE (316 WALNUT
PHILADELPHIA,
~*
-
i
'
E
». W1IL1AM8,
Thos. P. Miller
BANKERS,
(LIMITED),
JNO. W. M1LI.SH
&
Co.,
NEW YORK
prompt
exchange ou day of
payment.
Correspondents.— German American Bank, New
Fork; Louisiana National Bank, New Orleans; Bank
of Liverpool, Liverpool
all
-
-
P. N.
Penzkl,
CAPITAL
Street,
New
References.— Henry Talmadge &
Kelly
&
and Eugene
Co., New York; Southern Bank, Savannah, Ga
K. B. Bbrbuss, Pres't.
A. K. Walker, Cashier.
National
First
WILMINGTON,
Collections
made on
all
Co.,
Bank,
N. C.
parts of the United States
I»i5.
>
C. T.
Trask
6c
Stone,
BANKERS AND BROKERS,
SEW
STREET,
NEW YORK,
STOCKS. BONDS and GoLO Bougnt and Sold on
Commission, and carried on Margins.
Deposits ilecetvcd and Interest Allowed.
Accounts of Country Banks and Bankers received on favorable terms.
W
Walkeb
O^ldlfaSSAUST. CORP/HE ST*
Cashier.
J
1.000.000
Savings Bank, Capital,*
Allows interest on deposits, returnable on demand,
$75,000.
20,000.
Surplus
Prompt attention given to all business In our line.
N. Y. Correspondents. Donncll. Lawson & Co
or at specified dates. Is authorized to act as Executor,
Administrator, Guardian, Receiver, or Ti uatee. Likevise, 1b a legal depository for monpy paid into Court,
or by order of any surrogate, individuals. Firms and
Societies seeking Income from money in abeyance, or
at rest, will find safety
tion.
Financial.
AT THE NEW STOCK EXCHANGE OF
Yorlt,
Broker and Dealer in Southern Securities. Loans
Negotiated. Advances made on Securities placed In
my hands for sale at current rates.
Co.
$6,000,000.
1,55 0,000.
(Paid-in)
AND
26 Pine
MISCELLANEOUS SECURITIES.
Cashier.
STATE BANK,
j
(Incorporated
Savannah, Georgia,
JAMES HUNTER,
St.
LITTLE ROCK, ARK.
C S. Long-
James Hunter,
81.
BUT AND SELL
GOVERNMENT BONDS, GOLD, STOCKS, AND
FUED'K F. LOW
(..,.,.„,
1GNATZ STKISHART, j M »n a gerB.
LTLIENTHAL.
acces-
cope, W.J. MutMilns. F.A.Ulce, C.C.Baldwin, W.B.
Botts, Rol/t Brewster.
BENJ. A. BOTTS, Pres't.
ii. P. WBEMs, Ouahiw.
Box
•
Te X AS. German
Directors.— Benjamin A. Botts. Pres't:
Foote,
WALL STREET
Transact a General Banking Business.
& W. Seaman &
ami Reserve,
President.
"We give special attention to collections on
P. 0.
'aid-up
C. F.
sible points.
&
No. 12
W. Tbasx
Transact a general Banking business. Issue Corn
mnrcial Credits and Bills of Exchange, available in all
parts of the world. Collections and orders for Bonds
Stocks, etc.. executed upon the mo6t favorable terms
THE CITY BANK OF HOUSTON,
Capital, $500,000,
Agents, J.
Authorized Capital,
t
MOBELE, A LA HAITI A.
H OUSTON,
Hatch
BANKERS,
No. 7
LONDOX, Head Office, 3 Angel Court.
SAN Fit ANCIM'O Office, 422 California
W.McLellan. Jr.
C.
Sale.
'
Special attention paid to collections, with
renstttanvres at current rateB of
STOCKS, BONDS and GOLD
on a margin.
A. M. Kidder.
Anglo-Californian Bank
'
York.
Investment Securities For
P. O. BOX 2,647.
THE
Southern Bankers.
*HOS. P. MILLER,
Sjiixn, Payne & Sim-ns.
The Bank of New York. N. Ii. A
ST.),
Orders in Stock's aud Bonds promptly executed at
the Philadelphia and New York Boards.
for cash or
CORRESPONDENTS:
LONDON
NEW YORK
The Bank of New York, N. B. A., is prepared to issue
Telegraphic Transfers, Letters of Credit and Drafts
on The Nevada Bank of San Francisco.
Austin,
Bell
2,500,000
President.
J. C. FLOOD, Vice-President.
C. T. CHRISTENSEN, Cashier.
VIRGINIA SECURITIES
and
----...-
Reserve,
specialty.
J.
New
purchase and sale of
LOUIS MoLANE,
BALTIMORE.
.
WALL STREET AND BROADWAY
COR. OF
Transact a General Banking Business, Including
Capital, fully paid In coin, $10,000,000
BANKERS AND BROKERS,
N. i
CKJ
Co.
BANKERS,
Bank.
OP SAN FRANCISCO.
Wilson, Colston
Correspondence
Co.'s
Especial attention given to Collections, and Remittances promptly made.
Baltimore Bankers.
INVESTMENT
mation respecting the same.
New York— Tradesmen's National Bank.
DEVONSHIRE STREET
BOSTON,
Western
stocks dealt in oa
CORRESPONDENTS.
Stackpoie,
Sell
all
EBERT, Pres't.
F. J.
S.
Parker
San Francisco, are prepared
in
on commission
$250,000
185,000
.
.
sell
the San Francisco Stock Exchange, and to give inf or
DENVER, COLORADO.
STATE STREET, BOSTON.
Buy and Sen
on Commission Stocks, Bond and Gold.
Having been identified with California Interests, and
having a connection
Exchange Bank,
BANKERS,
40
Jemlsofl.
buy and
Co.,
Co.
Transact a general Banking Business.
iw \nrk Corresrjnndent
Investment Securities constantly on hang.
&
BANKERS AND BROKERS,
25 BROAD STREET,
Board
DEALERS IN GOVERNMENT
or-
and Bonds.
DALLAS, TEXAS.
8c
and
Deposits received In Currency or Gold,
and Interest allowed on Balances. Special attention
BUYS AND SELLS EXCHANGE ON ALL THE
PRINCIPAL CITIES OP THE UNITED
STATES AND EUROPE.
p aper.
Chas. A. Sweet
and sold In
also Gold, Silver,
;
paid to Investment Orders for Miscellaneous Stocks
Commercial
Orders executed on Commission at Brokers
suit Investors
bought
elgn coins.
lioxlon. Mass,
Dealers in Stocks. Bonds, Gold and
NEW YORK.
ST.,
Bonds
HATE
CONGRESS STIiEET,
No. 35
NASSAU
No. 5
ST.,
BANKERS AND DEALERS IN
Brewster, Basset
HATCH,
FISK &
BANKER,
41
XXV.
Financial.
T. W. House,
Geo.Wm.Ballou&Co
Vol.
|
I
I
buy and
sell
New
St., N.
stocks from the Indicator on
T.,
1
per
$25
Margin,
25
Shares.
$.10 Margin, 5i» shares.
Margin. 1»0 Shares.
$100
ISAAC SMITH'S UMBRELLAS.
SUPERIOR GINGHAM
GOOD SM K
PATENTED GUANACO
EX. QUAL, LEVANTINE SILK
*1
2
2
5
00
so
00
00
iiitnls iustittt
EXECUTIVE COMMIUEE;
Jacob D. Vermilye,
IJenj. IS. Sherman,
Amos R. Kno,
Frederick II. Cossltt
Isaac N. Phelns.
Edmund W. Corlles,
BOARD OF TRUSTEES:
D. Babcock,
Junatnan Thorne,
Bair.ael
Isaac N. Phelps,
Josiah M. Flake,
Cnariest ti. Laud on,
Edmund W.Corlies,
Frederick H.Cossitt,
William U. Applttou,
Gut-tav Schwab,
cent margin.
and advantnge
SPAULDTNG, President.
Vice
BENJ. B. SHERMAN.
*
FREDERICK H. CossiTT, J Presidents
C. H.P.BABCOCK, Secretary.
F.
Sam'l D. Bubcock,
Martin Bates,
ohn Hickiing,
62 Broadway and 21
HENRY
Benjamin B. Shemip.n
George W, Lane,
Jacob D. Vermilye,
Geo. Maecullcch Millet
Roswell Skeel
A. A. Low
Div.d Wolfe B:8h0p,
Amos H. Hno,
Charles G. Krancklyn,
i>avid I)o ws,
WIllUmH. Weob,
Martin Bates
William Allen Butler,
J. Pierpont
J nines F. Wallace,
Morgan,
Percy R. Pyne,
Charles Aberuethy,
Henry F. SpauldlnR.
December
IHK CIIRONIOLK
15, 1677.]
Canadian Bankers.
Canadian Bankers
Bank
OF
CANADA.
Merchants'
Capital.
-
-
$G,200.000, Paid Up.
niiMiii vi.
-
m:vi» 01
ii< •!:,
GEO QB
II
M ituunr.
Asst. General Man ger.
I
Bank
-
GEORGE STEPHEN,
R.
iy, 82 Lomb-trd street,
>:ow, Kill ntnirgh ana Branches.
NEW YOUK— ASUIOY, H Wall
NEW YORK
Miixxt.
tiik
kpublic.
National Bank qp
AGEXCI OF THE
Bank of British
North America,
No. 52 WALL STREET.
Commercial Credits Issued for use In Europe, China,
But and West Indies, and South America.
Demand and Time Bills of Exchange, payable In
London and elsewhere, bought and sold at current
J .pan. the
rites; also Cable Transfers.
Demand Drafts on Scotland and Ireland, also on
Cinada, British Columbia and San Francisco. Bills
Collected and other Banking Business transacted.
D. A. MacTAVISH.J ._.„,.
M. MORRIS,
C.
Exchange
1
A * eal>-
Bank
No». 59
HEAD
-
-
OFFICE,
MURRAY, Cashier
BRANCHES:
Hamilton, Out.-, Aylxxb, Ont
Pakk Hill, Okt.
bldfobd, p. q..; jolikttx, p. q.
QUKBKO, VaLLKTFIKLD.
FOREIGN AGENTS:
Alliance Bank (Limited).
National Bank of Commerce
NEW YORK.—The
McGowan A
Co., 63 Wall street.
CHICAGO— Unlou National
Bank.
Agents.
Bank of Canada
Capital,
HEAD
$1,000,000.
President
;
D.
is.
WILKIE,
Cashier
OFFICE, TORONTO.
AJICHra :— ST. CATHERINES, PORT COLBORNE,
ST. THOMAS, INGERSOLL, WELLAND.
Dealers In American Currency and Sterling Exchange-
Agents In London
BosANquET, Salt A Co.,
93 Lombard street.
Agents
New York:
In
Bank of Montreal,
59
Wall street.
Promptest attention paid to collections payable In
any part of Canada.
Approved Canadian business paper, payable In gold
or currency, discounted on reasonable terms, and
proceeds remitted to any part of the United States by
gold or currency draft on New York.
The Canadian
Bank of Commerce,
WALL STREET.
No. 50
Capital,
$6,000,000 Gold.
* 1,900,000 Gold.
Surplus,
Bnys and
Sells sterling
Exchange and Cable Transfers; grant Commercial and Travelers' Credits,
available In any part of the world iesne drafts on
and make collections in Chicago and throughout
the Dominion of Canada.
Issues Commercial Credits available everywhere.
Cranu Drafts on the chief cities and towns of
Canada.
J. O.
J. H.
HARPER.
GOADBY.
1
.
{Agents.
Hesrrvr,
$1,000,000.
HEAD
$1,000,000.
OFFICE, 1 0RONTO.
DtrsCAX Coulson, Cashier Hcoh Leach. Asst. Cash
Branches at Montreal, I'etvrburu, (.'obourg.l'ort Hope
London
No. 9 Blrchln Lane.
Office,
Financial.
A. C. Burnham,
11
Lo-rcox,
A
NKK&8:
England.— The
7„
i
Collections
made on
In
amounts of
»1,000 and upwards, yielding EIGHT to
per cent semi-annual Interest, and negotiated
BURNHAM
BURNHAM it
TVLLEYS.
B&rEIt.
Champaign.,
III.
of defaulted municipal bonds.
P. Ct. Interest
Iowa Bonds k Mortgages
GEO. W. FRANK A DAR
ROW, BAXKKKSand
Negotiators of Loans, Corning, Iowa
195 Uroadway, 'Western Union BIdg N. v., make
loans on the best Improved farms In Iowa, at 8 t* 1
per cent Interest. Always first Hens and Improved
.'arms
never exceeds one-third tbe cash value
cf tbe land alone.
The bonds have coupons
attached, and the Interest is p.iid semi-annually, at
tbe Central National Bank, In New York, and the
principal, when due, at the same bank. Several years
experience of tbe firm in loaning has shown these
loans to be
and
WALL
REFERENCES :
Wm. A. Wheelock, Esq., I'rcst. Cent NatT Bank, N.Y.
Oilman, Son & Co., Hankers, 4~, Exchange Place, N. Y.
H. C. r'ahncotock, Esq.. First National Itank. N. Y.
Henry H. Palmer, Esq New Brunswick, N.J.
Cbas. J. Bt-<rr; Esq., Mum ford, Ct.
A. J.Odell.Esq., Sec'y I). L. & W, RR. Co.
Aaron Ilcaly, Kfaq., 5 Kerry street, N. Y.
Edwards & Odell, Attorneys, 52 William street, N. Y.
,
fHX BRIDGE THAT BAB CARRIED YOU 8AFXLY OVKH
A Solid
The
Ten Per Cent.
old established
AGENCY, known
all
BRITAIN AND IRELAND.
New England and
the Mid-
Agency whose Interest coupons pre
gald as cerUtmly and ok promptly as the coupons ->f
overnment Honda, has enlarged lis field and cnaugi:d
Its name to "THE KANSAS, MISSOURI & CENTRAL
ILLINOIS LOAN AGENCY." There Is no change l.i
Its character or management
If a ckrtain clean TEN
dle States as the
PER CENT will satisfy you, address for Circular.
Artuari/," KANSAS. MISSOURI * CENTRAL ILLINOIS LOAN agency." AoasonTiixa. 111.
.1
Lichtenstein,
St., cor.
on all principal
cities of
J OHN
No.
MUNROE &
8
Street, New
Office Square.
Wall
Co.,
York,
No. 4 Poat
Huston.
CHEQUES AND CABLE TRAN8FEB8 ON
MCNHOR
4c CO., PARIS.
STERLING CHEQUES ON
ALEXANDERS, CUNLIFPES A
Europe.
C. Clinton
CO.
London.
SIXTY DAY STERLING ON THE
CONSOLIDATED BANK, LONDON;
CIBOULAB NOTXS AND CBKDLTS FOX TXaVKLKXS.
J.
& W.
&
Seligman
Co.,
BANKERS,
59 EXCHANGE PLACE,
CORNER BROAD STREET. NEW YORK.
Issue Letters of Credit for Travelers,
Payable In any part of Europe, Asia, Africa, Australia
and America.
Draw Bills of Exchange and make telegraphic trans*
money on Europe and
fers of
Henry
S.
California.
King
Co.,
6c
BANKERS,
45 Pall IQall, London, England.
CIRCULAR NOTES tret oj charge, avaUakl*
Issue
In all
parts of the world.
Grant
COMMERCIAL CREDITS
for use against
Consignments of Merchandise.
Execute Orders on the London Stock Exchange*
Collections on
all
Points.
Receive Deposit
dot
General Loudon and Foreign Hanking Business.
&
Co.,
STOCK UK OKI- US,
CO., Liverpool.
CORRESPONDENTS.
WARD, CAMPBELL * CO.
NEW YORK
llleai>ra.
Credit
SPECIAL PARTNER,
DEUTSCHE BANK, Berlin.
Adolph
Bcissevain 6c Co.
BANKERS
ADD
COMMISSION M
Buy and sell all active stocks from five shares npwar
on a margin of ONE PER CENT.
ACCOUNTS SOLICITED.
No. 10 Broad Street.
I.
ICC
II
A
NTS,
AMSTERDAM, HOLLAND
N. Y. Correspondents.— Messrs.
Office,
COMPANY
A
52 WALL STREET, NEW YORK.
28 STATK STREET, BOSTON.
KING, BAILLIE A
Exchange Place,
NEW YORK.
Make Telegraphic Money Transfers.
Draw mils of Exchange and Issue Letters 01
J.
BARING BROTHERS
and Current Accounts on favorable terms, and
BANKERS,
29 William
G. C. Ward,"
AOSNTS FOX
Make
tCnoblauch
&
&
G.
S.
CENTRAL ILLINOIS LOAN
over
ALSO ISSUE COMMERCIAL CREDITS
CABLE TRANSFERS OF MONEY BETHIS COUNTRY AND ENGLAND. AND
BILLS OF EXCHANGE ON GREAT
!
The Interest and principal have always been paid
when due, without th lo?s of a dollar. Send for full
printed particulars, or call at tbe New York office
and examine maps and applications f«r loans In sums
ranging from t-SUD to $5,0(X).
Co.,
ST., N. T.,
Issue, against cash deposl . d, or satisfactory
guaran*
tee of repayment, Circular Credits for
Travelers, la
dollar) for use In the United States and
adjacent
countries, and In pounds tuning- for use In any
part
of the world.
,
PERFECTLY SAFE
&
Brothers
Council Bluffs, Iowa.
Grlnnell, Iowa.
All these loans are car fully made, after personal
Inspection of the security, by members of the above
firms, who, living on the ground, know the actual
value of lands and the character and responsibility of borrower", and whose experience In t.ne business for the past SIXTEEN YEARS has enabled them
to give entire satisfaction to investors.
Unutmal facilities offered for the prompt collection
Watson.
the best terms.
Brown
18fil.]
City Hank.
-National Hank of Commerce,
New York
,0 "*-ic.
W.Smilliersand W.
S. 71 OIK. IN «v C0 .,
OLD BROAD ST., LONDON.
No. 52
THEY
CHAMPAIGN, ILL., MAKE
OFFERS FOR BALE
TWEEN
REAL ESTATE FIRST MORTGAGE DRAW
COUPON BONDS,
[Established
;
Barrle.SU Catharines, Colllngwood.
CrJdlU.
-travelers
»™»ei«rs.
Meaarx. J.
No. 59
The Bank of Toronto,
CANADA.
Capital,
Pari..
I
;
Exchange, and makes Cable
Transfers of Money.
Boulevard
II
r»hl« °>.
;:;,
?circular
JES""-?-Ir n
"'.' r"Letters for
..
•*v., ?
available
In all part, of the world.
sell Sterling
;
Sterling and American Exchange bought and sold.
Interest allowed on Deposits.
Collections made promptly and remitted for at lowest rate*.
HOWLAND,
Philadelphia.
* C»
lUuMmua
Ilrexrl, llarjes
ATTOXXXTS ABU AOXXTS OF
Bay and
840
AGENCIES:
Imperial
i
St..
Deposits received subject to Draft.
Becamias lioU
;
Messrs. Hllmers,
Co.,
11 .""«•' "° d on Co„„nl.„o.,.
lnle,e.t"low7j
f^:,.™
t
K0relg
P
Commercial
K.
BURNHAM, TREVETTit MATTIS,
$1,000,000.
-
C. R.
Pres't.
LONDON.— The
ft
South Tijisd
DOMESTIC AND FOREIGN BANKERS.
WALL STREET.
01
81
through tbe houses of
OFFICE, MONTREAL.
M. H. GAULT.
Drexcl
General Manager.
Waltxx Watson, fj
it-
Up
Capital Paid
dc
I
TEN
OF CANADA.
ANGUS,
fi.
Co.,
»Ll ITKRRT,
CORNER OF BROAD, NEW YOUK.
No.
President.
&
Morgan
Drcxcl,
$12,000,000, Gold.
5,500,000, Gold.
-
BANKERS in gkkat BRITAIN:
TheCl.
Lone
Montreal,
oi
CAPITAL,
SURPLUS,
FinanciaJ.
1
INGRAM,
Wit. J.
ni
BLAKE BROS. A CO.
Isaac muthas ujhskillas.
SUPERIOR OINOII.'M
GOOD >ILK
PAThNTKD GUANACO
til. QUAL. LEVANTINE SILK
fi
ro
il
THE CHRONICLE
IV
RAILWAY.-FOHECLOSURK
MERICAN EXCHANGE NATIONAL ERIK
SALE.— Suoreme Court of ihe Stare of New York.
A
BANK, Nxw Tqsk, December
BLECTION.— An
beld
lit
from
*,
12 o'clock
M. to
1
plaintiff,
be
Directors will
Election lor
TUESDAY.
the office of the bank on
January
o'clock F. M.
W1LLSON,
Cashier.
/CONTINENTAL NATIONAL BANK,
New York, December 8, 1S77.—The annual ELECTION
for directors of this
nouae on
Bank
will
be held at the banking^
TUESDAY, January 8. from KM. to 1 P. M.
EDMUND D. RANDOLPH, President.
RAILWAY
CANADA SOUTHERN
Stkekt, Nkw Yobk,
COMPANY,
William
November Wta, 1877.— The plan
IS
for the exchange of
the Bonds of the above-named Company, and for the
Companies,
the
following
Bonds
of
purchase of the
to wit:— The Erie 4 Niagara Hallway Company, the
Canada Southern Bridge Company, the Toledo Canada
Southern & Detroit Railway Company, and the Michi-
gan Midland
ft
Canada Railway Company,
Is
now
per-
fected— particular Information In respect of which
be given on application to tills Company.
Holders of the Bonds of the above-named Com-
will
panies arc requested to present the same as early as
possible, at the office of the Company, and receive In
exchange certificates of this Company, to be countersigned by the Union Trust Company, under which
sew bonds will hereafter be issued by this Company,
as provided for in said plan.
J. TILLlNOHiST, President.
OFFICE OP THE CHICAGO
NORTHWESTERN RAILWAY COMPANY,
Wall
New
Btrset,
York, December
A
No.
has been declared on the Preferred Stock of this
company, payable at this office on and after the 27th
Inst, to the preferred stockholders of record at the
close of business on the lS'.b. Inst
The transfer-books will close on the 15th and reopen on the 28th Inst.
M. L. SYKES, Jn., Treasurer.
/CHICAGO ROCK ISLAND A PARAILROAD
TWO PER CENT
ary
Dividend of
has been declared, payable Febru-
Transfer books close on the 18th day of
1st, 1378.
December,
COMPANY.-A
F.
1877.
H.
TOWS,
Treasurer.
KANSAS PACIFIC RAILWAY COM-
PANY COUPONS.—Coupons from bonds of the
Kansas Pacific Railway Company, known a>" Union
Pacific Railway, Eastern Division," maturing December 1, 1877— be. ng coupon No. 23—will be paid on
NATIONAL BANK OF COM-
presentation at the
MERCE, in NEW YORK.
ONE-HALF OF THE AMOUNT
of each coupon
which matured November 1, 1877— being coupon No. 17
—from bon'sof this company, known as the DENVER
EXTENSION, FiRST MORTGAGE
BONDS,
on
will be paid
bank.
10th
C. S.
H.
WESTERN
PEK CENT
7
January next, at the same
ORE "LEY, )„„„„,„„„
{ Receivers.
VILLARD,
New
Office,
Tlcknor Curtis, Referee, appointed tnerein to sell all
and singuUr, the mortgaged premises, franchises
and property, both real, pergonal and mixed, mentioned In the complaint In this action and mentioned in
the said judgment and decree, being the same mortfayed, or intended so to be, to the plaintiff, the
'armors' Loan& Tru-t Company, by a mortgage bearing date on the fo rth day of February, A. v., 1874, do
hereby give notice that on the tweniy-flrst day of
January, in the year ls73,at 12 o'clock noon, at the
Merchants' Exchingc Salesroom, No: 111 Broadway,
In the City of New York, by Bernard Smyth, Auctioneer, I shall proceed to sell and shall sell at public
auction, to the highest bidder, for cash, the following
described property: All and singular the railways of
the said company, from and including Plermont on the
Hudson Mver, to and Including the final terminus of
the said railw y on Lake Erie, and the railway known
aBtneNewburg Branch, from Ncwburg to the main
Urn- and also all that part of the railway designated
aHthe Buffalo Branch of the Erie Railway, extending
from Hornellsville to Attica, in the State of New
York; ana alBO all other railways belonging to the
company la the States of New York, Pennsylvania and
New Jersey.or any of them, together with all the lands,
tracks, lines, rail*, bridges, ways, buildings piers,
wharves, structures, erections, fences, wall*, fixtures,
franchises, privileges and rights of the said company and also all the locomotives, englneB, tenders,
cars, carriages, tools. machinery, manufactured or
;
DIVIDEND
No. 42.
a Quarterly
AND
ONE-HALF PEK CENT
of ONE
npon the Capital Slock of this Company, from the
net earnings of the three months ending December
Slst, Inst., payable at the office of the Treasurer, on
and after the 15th day of January next, to shareholders of record on the 20th day of December.
1 he transfer books will be closed at three o'clock
on the afternoon" -iof the 20th Inst., and opened on the
mcrning of the ltith
January.
,h of Jamin-y.
R. II. ROCHESTER,
""CHES'
Treasurer.
Dividend
&
G. Amsinck
Street, New
AQcKTa foe thh
150 Pearl
I
judgment mentioned.
Given under my hanl at the City of
sixth day of December, A. I)., 1877.
New
GEORGE T1CKNOR CURTIS,
TUBNKB, LKB & McCUJRE,
Nassau
30
York, this
Referee.
Attorneys,
Plaintiff's
street,
New York.
Equity—Between JOHN G. STEVEN'S and otherr.
Trustees, and the NEW YORK & OSWEGO Mil
LAND RAILROAD COMPANY, and others.
Notice Is hereby given that tht «ale of the property
of the defendant, the New York & OBwego Midland
RaHroad Company, heretofore advertised to take
place on Saturday, the 3"th day of October, A. D.
1877, at 12
M. of that day, at the Wlckham Avenue Depot of said railroad company, InMiddletown,
in the County of Orange, and State of New York.
has been further adjourned to FRIDAY, the 11TH
DAY OF JANUAKi, A. D. 18.8, at the same time and
place.
Dated October 27th,
1877.
KENNETH
G.
Alexander & Grekx,
WHITE,
Master.
ANSI
Co..
Broadway,
Co.,
Broad
Street,
New
WANTED
Massachusetts State Bounty Loan
York.
Albert E. Hachfield,
18 WALL STREET, NEW YORK,
DEALS IN
First-Class Investment Securities,
CITY BONDS OF ALL KINDS.
Railroad Bonds and Southern Sxcbbitibs or
ALL DK8CRTPTION8.
IVAN TED.
New Orleans Jackson & Great Northern
New Jersey Mirilami Bonds.
New York & Oswego MldUtn Bonds.
FOR SALE:
Hilmers,McGow3n&Co
BROKERS LW
FOREIGN EXCHANGE AND GOLD,
63 Wall Street, New York.
(P. O.
BOX
2,M7.)
Special attention paid to the negotiation of
merclal
Bonds.
&
Moller
Co.,
24 NASSAU STREET, NEW YORK.
DEALERS IN INVESTMENT SE:URITIES.
Negotiate Loans for States, Cities and
We Now
WALftTOX
H.
BBOWX.
fi;kd A.
BROWN.
34
BANKERS,
Pine Street, New
York.
Countlee.
Offer.
Cincinnati City 7 3-10 Currency, and Gold 6 per ct. bdB
Mo., Gold and Currency bondi,
Cleveland, Ohio, bonds,
Jersey City Bonds,
Rahway, Elizabeth and Bayonne bonds.
Georgia State bonds,
New Haven, Conn., 5 per cent bonds,
and other desirable and safe Investment bonds of
Cities, Towns and Counties, paying from 7 to 9 per ceo t
Et. Louis,
Interest.
Correspondence
solicited.
GERMAN-AMERICAN BANK
OF
FORSTER
A
ii r»t
i
CO.,
&
n , Texas.
TaXAS FARM MORTGAGES A SPECIALTY,
per cent interest, payable In New York semiAbsolutely safe loans made on property
worth, at present low valuations, 3 to 5 times the
Titles perfect and property visited
10-12
annually.
amount loaned.
personally. Correspondence solicited.
Collections made and promptly remitted for.
^.i
...-
i
-
1
i
i
,,...
,
—.
...-,.,—
NINE PER CENT
REAL ESTATE FIRST MORTGAGES
GREGORY &
For
particulars
BALLOT',
6 Wall Street, New York.
We also BUT andSKI.L, on COM MISSION. STOCKS
BONDS, OOVKHNMKNT SECURITIES and GOLD.
Correspondence
solicited.
M iTUKLN BALLOU.
CH \8. GREGORY,
Member New York Stock Exchange.
WANTED
Alabama, South Carolina Sc Louisiana
State Bonds;
New Orleans Jackson & Gt. Northern,
Mississippi Central, and Mobile
& Onto Railroad Bonds
City of New Orleans Bonds.
LEVY
A;
BORG,
36
Walston H. Brown & Bro.
Com
hills.
Northern Pacific Bonds and Stock.
WALL
STIIRBT.
SOUTHERN SECURITIES.
Louisiana, Georgia and
Bonds,
So. Carolina.
Alabama
Cities of Wilmington, Charleston and K. Orleans Bds,
Cities of Meuvplil*, Nashv'c, Vlck burs: & Mobile Bds,
AH. & Gulf HS. Bonds. Memphis &
Cliarl. RH. Bds,
Texas I'acinc RR. Bonds. Mississippi Central Bonds,
Houston & Texas Central Railroad Bonds,
Georgia RR. Bonds. Georgia Central KR. Bonds,
Loul.Tli'.e & Nashvl le BR. Bonds and Stock,
Macon & Brunswick and No. Car. B'ds lo No. Car. RR,
Mobile* Ohio aud N. Orleans Mob. & hatt. RR. Bds.
So. Car. RR., Northeastern R'?., Ala & Chatta. Bonds,
And all other Southern Securities which are salable.
Bought and Sold bv
WiW. it.
31 Pine St., N. Y.
t
SPECIAL ATTENTION GIVEN TO THE NEGOTIA
TION OF
RAILROAD SECURITIES.
STOCKS
The
undersigned
and
hold
SALES
BONDS
CTLEY,
N. T.
of
RKGtJLAR AUCTION
all
Beers, jr.,
Brooklyn
Stocks,
GAS STOCKS,
classes of
STOCKS AND BONDS,
Wil! VTREET.
IX
E.
S.
66
Baile
y,
WALL STREET.
OK
Dealings In
WEDNESBAY3 AND SATCBBAYS.
Insurance Stocks,
5s.
Bt. Paul & Duluth Kailroad Pref errel F tock.
r Cumberland Coal & Iron Co. ia Mort B'ds, duel8;9.
JJNew York Gaslight Company Stock.
l.Uayton & Michigan Railroad First Mortgage Bonds.
J-
LOANS NEGOTIATED.
'
s
"West Wisconsin Uailroa i Mrst Mortgage Bonds.
Liltle Miami Kailroad First Mortgage Honda.
St. Panl & Pacific Kailroad 7 Per Cent Bonds, 18C8-98.
and Bonds
Accounts received and Interest allowed on balances
which may be checked for at sight.
At Auction.
Bonner &
Securities, Gold, Stocks
Bought and Sold on Commission, and
apply to
New York.
"Sorts.,
HANSEATIC DANK,
;
Government
Principal and interest guaranteed.
Complainants' Solicitors.
120
EXCHANGE COURT.
Liberal cash advances made on consignments of
Cotton and Tobacco to oar address also to ourirlenai
In Liverpool and London.
STATES CIRCUIT COURT,
UNITED
SOUTHERN DISTRICT OF NEW YORK.— In
BANKERS AND BROKERS,
»t)
supplies
;
(LmiTElO.-LONDON.
No.
wood and
Mississippi Central Bonds.
The Board of Directors have declared
G. T.
coai,
every kind belonging or appertalnl g to the fald
company; and all tolls. Income, Usues and profits
arising out of said property, and all rights to receive
or recover the Barae
also all the estaie, right, title
and interest, terms and remainder of terms, franchises, privileges and rights of action of whatsoever
name or nature, in law or in equity, conveyed or assigned unto the New York & Erie
ailroad Company,
or unto the Erie K*i>way Company, by the Union
Railroad Company, by fie Buffalo New York & Erie
Kailroad Company, by the Buffalo Bradford & Pittsburg Kailroad Company, by the Rochester & Gcncee
Valley Railroad Company and by the Long Dock
Company also all and singular the chose* in action,
stocks,
bonds, book accounts,
bills
receivable
and other evidences of indebtedness, leasehold estates, contracts and, other property in the said
of
6c Co.,
AND COMMISSION MERCHAHTB
BANKERS
%
;
unmanufactured materials,
Yobk,
12, 1817.
LONDON
LO Mi & TkUST COMPANY,
THE ERIE RAILWAY COMPANY
^Ni> OTHERS, defendants.— By virtue of and pursuant to a Judgment and decree of foreclosure and
sale rendered aud entered at a Special Term of the
said Supreme Court In the above-entitled action, on
the seventh day of November, A. JX, 18TS, I, George
UNION TELEGRAPH
COMPANY, Tbiasebkb's
December
against
;
4, 1877.
A Dividend of THREE AND A HALF PER CENT
CIFIC
R. T. Wilson
—THK KAUMEUV
3, !BTt.
E.
51
Financial.
Financial.
Financial.
XXV
[Vol.
ADRIAN H. MILLER &
No. 7
FINE STREET,
SON,
NEW YORK,
A SPECIALTY.
Cash paid at once for the above Securities ; or tt«J
Will be sold on cuuiiuisslou, at seller's option.
twrat
HUNT'S MERCHANTS' MAGAZINE,
REPRESENTING THE INDUSTRIAL AND COMMERCIAL INTERESTS OF THE UNITED STATES.
VOL
SATURDAY. DECEMBER
25.
CONTENTS.
it
Pay to Give the Bondhold-
ers silver
The
Railroad Earnings in November.
and from Jan. 1 to Nov. 80
581
Latest Monetary and Commercial
English News
583
Commercial and Miscellaneous
News
685
577
1
Fall of Plevna,
and the Peace
Prospect
578
The Provisions for the Security
of Bond and Share Holders by
English Hailruad
Law
579
THE BANKERS' GAZETTE.
Money Market,
TJ.
8.
Securities,
I
Railway Stocks, Gold Market,
Foreign Exchange, N. Y. City
Banks, National Banks, etc
666
i
Quotations of Stocks and Bonds. 689
Investments, and State, City and
Corporation Finances
690
|
THE COMMERCIAL TIMES.
Commercial Epitome
593
594
598
Cotton
Brcadstuffs
I
|
That any man who has obtained a seat in the
highest legislative branch of the country can thus speak,
is discreditable, and would be discouraging were it not
that there is good reason to put faith in the average
kind.
THE CHRONICLE.
Will
NO. 651-
15, 1877.
Dry Goods
599
Imports. Exports and Receipts.... (CO
Prices Current
G01
and honesty of the people.
There are certain things about this silver agtiation which
are too clear to need argument.
One is that the silver
dollar, existing in law up to 1873, never really existed in
fact and never entered practically into circulation;
another is, that this dollar was the dearer one when
demonetized, worth then 103 or thereabouts, so that the
charge cannot be true that the demonetization was part
intelligence
of a plot to raise all debts to a gold standard; the third
<£!)*
GrjronuU.
The Commercial and Financial Chronicle
day morning, with
the latest
news up
to
For One Year, (Including postage)
ForSixMonths
Annual subscription in London (including postage)
do
issued on Satur-
midnight of Friday.
TERMS OF SUBSCRIPTION-PAYABLE
Six mos.
t*
is
IN
ADVANCE:
$10
6
£2
20.
10.
5s.
do
do
1 6s.
Subscriptions will be continued nntil ordered stopped by a written order, or
at (tit publication ojfet. The Publishers cannot be responsible for Remittances
unices made by Drafts or Post-Otlice Money Orders.
London
The London
Streit,
office of
the
where subscriptions
Chronicle
Olllce.
at No. 5 Austin Friars, Old Broad
above named.
Is
will be taken at the prices
Advertisement*.
Transient advertisements are published at 25 cents per line for each insertion,
but when definite orders are given for five, or more, insertions, a liberal discount is made. No promise of continuous publication in the best place can be
given, as all advertisers must have equal opportunities. Special Notices in
Banking and Financial column 60 cents per line, each insertion.
William B. dana,
WILLIAM B.
& CO., Publishers,
JOHN a. TUOYD, JR. (
79 & 81 William Street,
YORK.
Post Ojtice Box 4,592.
DANA
I
CB" A
neat file-cover
NEW
furnished at 50 cents; postage on the same is 18
cents. Volumes bound for subscribers at $1 56.
%3T For a complete set of the Commercial and Financial CmtoKici.K—
July, 1685, to data— or or Hunt's Merchants' Magazine, 1839 to 1871, inquire
at the office.
V&~ The
is
Business Department of the Curonicle is represented
New York City by Mr. Fred. W. Jonoa.
among
Financial Interests in
WILL IT PAY TO CIVE THE BONDHOLDERS SILVER »
During the past week the Senate has spent its time,
so far as financial subjects are concerned, in considering
the resolution of Mr. Stanley Matthews,
about paying
even the silver men, for some
reason, preferring to defer the Bland bill in favor of this
the funding loan in
silver,
that the silver dollar
is
now
the cheaper, and hence
movement to shave all public and private
debts by paying them in a 92-cent coin. Most of the
silver men admit openly this last proposition, and none
of them can deny it without closing his own mouth;
has arisen the
argument
however, that the government had, and
paying either metal, and may
honorably choose the cheaper one. Nobody should forget, however, that about eight years ago a doctrine, also
from Ohio, blew eastward very strongly, that as the
early loan acts did not mention the medium of payment,
and as the greenback was a lawful dollar- as well as
coin, the government has the like option in respect to
the five -twenties, and can pay them in the cheaper
paper. That doctrine did not get visible control, but its
the
still
is,
has, the option of
foothold
is
visible
now
in
the strength of
descendant, the silver doctrine, which
is
its
legitimate
only the old one
silvered over.
view presented by Mr. Matthews, we
do not propose to discuss it; his arguments have been
answered many times in our columns. A man who
has made up his mind to do a dishonest act is
never at a loss for reasons; and it is quite true
that we have nothing to do with abroad, in this sense,
that if " abroad" is not satisfied with silver there is no
court open for redress; we need not pay Europe anything, if we prefer, and if Europe comes over to take
satisfaction we are a country that can whip all the
As
to the legal
resolution.
If passed, it will be only an expression of world, no doubt.
But perhaps a man who is debating
opinion on the part of the two Houses, but the silver whether he will cheat his creditor and is not troubled
men probably consider it would be so unmistakable a by considerations of morality, may not be averse to figcommitment as to operate as a wedge for the Bland bill. uring a little to see whether honesty of action, if not of
Mr. Matthews, to show his view of the situation, replied intent, will not prove the cheaper policy. So, elthough
by actually asking " "What have we to do it is humiliating to put the subject on so low a plane,
with abroad," thus putting in a sententious phrase which let us look at it as an "operation" to be sifted and
may live long enough to Bhame its author, the insane compared.
feeling, now rampant in some quarters, of hostility
There are 778 millions of funded bonds, at 4 to 5 per
towards creditors, and defiance of the opinion of man- cent interest, not maturing at any specified date, but
to a question
THE CHRONICLE.
578
?OL.
XXV.
30 years from the present time. " saving" would be increased, but at an increased cost
The proposition, plainly stated, is simply to pay tbe in other ways. "We have left no room to discuss the
interest and principal of these bonds in a 92-cent silver bearings of the subject, because we assumed, for the
dollar and "make" the difference; no phrases can alter occasion, that moral law and financial sagacity are
or cover over this plain fact. On the interest this shave shelved as things old-fashioned and " abroad" as aliunde.
redeemable
in 3 1-3 to
—
of eight cents would be about 3 million dollars a year;
assuming that the bonds run yet 10, 20 and 30 years
Possibly Mr. Matthews expects to pay silver and still
have refunding go on; if so, we must decline to argue-
— which would be a reasonable average
There are countries where credit has no place; possession
is title, and the street vender passes his loaf of bread in
at the window with one hand while extending tbe other
for the money.
The United States might become such
a country, and conceivably it might get on better without any trust, public or private; but it cannot have
credit and repudiation both, and it can no more apply
repudiation to one set of obligations without having it
run all through, with all the natural consequences, than
a man can jump from an open window and stop when
he is part way down.
before being paid
—the
shave would be about 4l£ million
total interest
from the principal would also
making the aggregate
would be a great
which
on these bonds $103,732,000,
during
the next 30
taxpayers
burdened
the
relief for
Although Mr. Matthews* talks only of these
years.
bonds now, there is no good reason for not applying
dollars; the eight cents cut
be
over
the
new
62
dollars,
million
fiscal
right to begin
policy to
it is
all
right to
the bonds, because
go
on, as well as
if
it
is
much more
economical; hence we may expect that the cheap dollar
roll over all the issues if it once gets started.
Omitting the small loan of 1858, there are 943 millions
of old bonds, all but 194£ millions being at 6 per
will
cent; the eight-cents clip on the interest of these
be over 4 millions a year. One issue is redeemable
at pleasure in 3^ years from now; the rest definitely
mature in from 3 to 10^ years. Assuming that the one
issue just mentioned will be paid in 10 years, the saving
of interest by silver payment would be, for the whole
term, 45f millions, and the saving on the principal about
75£ millions; the silver clip would thus aggregate, on
all the bonds, about 225 millions, or, if it were applied also
to the 25 millions of overdue
as it might as well be
and unpaid bonds, all but a fraction of these being 5-20s,
about 2 millions more would be added. On the other
hand making the same assumptions as to time of actual
payment if the new loan, except the fours, could be now
all refunded at 4 per cent, there would be an interest
—
—
—
—
saving of nearly 71 millions during their term; if the
old bonds could be funded at the same rate, there would
be an interest saving of about 17 millions a year on
them, or 172 J millions during the whale term. This
would make an aggregate of 243^ millions of possible
saving by refunding, against one of 225 millions by the
Or, to express the comparison
silver eight-cent shave.
more compactly:
THE SILVEB EIOHT-CENT CLIT
Yearly.
On
On
On
wou'd be
Interest of 1778,440,350
interest of
943,207.000
would be
principal of
778,450,350
would be
913,307,000
would be
On principal
of
$3,977,760,
Total.
or J41.457.600
4,371.789, or
45.739,657— $97,197,559
62,875,281
,
!5,456,5t0— 137,7 S1.784
$824,<29,041
THI SATING BT BEFrrNDINQ AT POIIK FEB CENT
On
On
interest of $708,410,350
would be
interest of
would be. 10,918,180, or 172,63:,630—
94),20?,000
THE FALL OF PLEVNA AND
would
$6,084,403, or $70,S44,o;0
843,541,860
In these calculations
$18,612,819
— which seem
to us conclusive,
against even the direct profitableness of the proposed
operation, and which anybody can test who chooses
we have
ignored compound interest, although it is evident that, if it were included, the result reached would
be made much more emphatic. Nor is it any answer to
plead that these suppositions are extreme. Of course, it
is
impossible to fund at once, as imagined; yet the prin-
ciple of the thing
is
fairly illustrated.
the Bland
PEACE PROSPECT.
—
After a most heroic resistance a resistance which
whole history of human
warfare Osman Pasha, yielding to the necessity of the
situation, has surrendered with his entire army; and
Plevna is now in the hands of the Russians. The star
of Russia is again in the ascendant; and the question
which is uppermost in most minds, is, what use will the
Czar make of his victory ? Will he push forward his
triumphant legions to Adrianople, and thence to Stamboul; or will he, contenting himself with the vantageground he has acquired, prepare the way for the return
of peace ?
There are those who would have us believe that the
war will be prosecuted to the bitter conclusion, and that
the fall of Plevna, while it will have the certain effect
of exasperating the Turks, will serve only to stimulate
Russian ambition and Russian lust of conquest. According to such, the war can only have one end the enthronement of the Czar in the city of Constantine.
are not disposed to take so gloomy a view of the pros"
8
pect.
It is not denied that there are many Moslem
who would almost prefer the extinction of the empire to
its dismemberment, and that there are many Russians
who will be content with nothing short of the conversion
It is fortuof Constantinople into a Muscovite city.
nate, however, that among both peoples the extremists
are in the minority; and there is but little likelihood
that in the shaping of events in the immediate future,
their wishes or opinions will find much encouragement.
The peace necessities, happily, are greater and more
powerful than any temptations which exist for the
has had few parallels in the
—
—
We
prosecution of the war.
There are peace
Difference in faTor of honesty
TI1E
which are peculiar to each
and there are peace necessities which are powerfully influencing their immediate
It is
neighbors, and, indeed, all the powers of Europe.
unnecessary to say that peace is every hour becoming
more and more a necessity to Turkey. That she has
fought well, even maguificently, and that the phrase
Sick Man " as applied to that country and people, must
henceforth be a misnomer, all will readily admit nor
necessities
of the contending powers
;
'•'
;
any one deny that Turkey is still capable of offerAs to the assump- ing a stubborn and even protracted resistance to her
will
should raise silver powerful antagonist. It is scarcely possible, however,
" saving " by that she could uliimately win. As time advances, as
Mr. Matthews's plan would be proportionately lessened; the struggle continues, the tide of victory will rise and
on the other hand, if the dollar should fall below 92, the swell, and roll iu resistless waves against her. She can
tion of eight cents,
somewhat
if
— as would be
its
bill
tendency
— the
i\U<,
mukii 15, 1877.]
''HllutfH
IK
57!)
never, therefore, liope to make belter terms with her
It
rival than she can do at the present moment.
TDK
would he unjust to conclude that her statesmen are so
blinded by prejudice and so exasperated by defeat that
To
they are ignorant of this fact. The prolongation of the
war might lead to tho final destruction of the empire.
Peace will give the Turk time to recuperate, to reor
British system
PROVISIONS
mat
his institutions to the requirements of
guise, to adjust
modern
and
times,
new and
Peace,
nations.
family of
the
to take a
though
sides
nor
is
Europe has
any of
said,
is
war has beeu conand treasure. Be-
not
interfered
the
powers
likely
it
we have
as
equally a necessity to Russia. The
ducted at a fearful cost of blood
nobler position in
hitherto,
will
inter-
may now make
with
any arrangements she
advances
on
prolonged,
if
she
is
Turkey, yet if the war
will
not
she
guarantee
that
has
no
she
Constantinople,
become involved, in her present crippled and exhausted
fere
in
condition, with one or
more
of the great powers.
Nor
with tho Russian
Society in truth is otherwise occupied. There
people.
is at the present moment in Russian social life not a little which recalls the memory of the social life of France
is
this
The war
all.
finds little favor
prior to the great revolution of 1789.
rists
abound.
ions find free and full
many
Doctrinaires, theo-
All manner of novel sentiments and opinexpression.
It is
the belief of
FUR
HOLDERS
I
the Editor
SKIIR.1Y
OK
IK)
Ml
111
hue-
IIMtfl RALKOAU LtWS.
11Y
•
your request, to explain the
railway loanH without foreclosure
gladly endeavor, on
powers, and
of
how
it
would
affect
American bond and
shareholders, taking Erio for an example, as you sng-
have been from the first a member of the comcommittee of Erio bond and
shareholders, and have seen in detail there, and more
generally on other American railroads, the sore evils
which have arisen for want of railroad laws sufficient
for the requirements of our times.
This is no disparagement to your great and intelligent nation, for railroad laws have not been made by Congress, but have
been made, without concert, by your numerous States,
some very slightly interested, and even the greatest
representing only a fraction of the mighty intellect and
railway interests of your Union. It is not for strangers
to say how your legislation should be gone about.
But
both American and European investors painfully feel
the endless differences and defects of State laws, which
only benefit the great operators and railway magnates
gest.
I
liiniil
reconstruction
who make
it
patchwork
their business to learn the faults of these
statutes,
and thereby
to
rule
the
common
herd of bondholders and shareholders with a despotism
which here would never be borne. Tho confusion has
on the eve of a great social upbelieves itself to be in dan- been increased by acts applying generally, though passed
ger, and even now while the armies are fighting against at the instance of individual persons or corporations for
the Turk in Bulgaria and Armenia, the Senate is fight- their own purposes.
The laws of railways and other incorporated coming with socialists whose opinions, if allowed to triumph,
would be subversive of both altar and throne. Since panies were here also originally fragmentary and unsysRussia
that
is
The government
heaval.
and large experience, Parliaby the " Companies Clauses
foe.
We are encouraged to hope for a speedy peace, Consolidation Act," which has worked excellently. Some
not alone because of the considerations above suggested, important additions have been made as required, the last
but because the Czar has all along disclaimed any inten- of which have stood nine or ten years' trial with marked
He has fought success.
tion to annex the conquered territory.
and won as the champion of the oppressed Christian naI cannot show how our system would affect Erie bond
she has won.
a great victory she can
come
loss of dignity, to
With
tionalities.
the
less-
without
fortunate
their rights secured, his mission will
have been accomplished.
There are, as we have
influence
afford,
to terms with her
outside
said,
powers.
peace necessities, which
.
Servia
is
tematic.
ment
But
codified
after long
them
and shareholders
in 1845,
in their difficulties, for,
under our sys-
tem, the like could not occur. But I can show how this
is, and how both bonds and shares would have been not
about to un. only preserved from difficulties, but vastly enhanced in
value by such safety as is given by our railroad laws.
The public, too, would have benefitted, not only be-
sheathe the sword again, and take part in the struggle
Greece is ablaze with excitement; and
against Turkey.
made
cause it suffers by all waste and wroag, but because a
and Constantinople. struggling railroad cannot serve the public so well. Our
It is not the interest or desire of either Austria or Ger- laws are alike for England, Scotland and Ireland, though
many that the situation should become more complicated some of these are passed, as it were, in duplicate, varied
on the Danube. It is not the interest of Italy, or France, only in some legal words, &c, according to the law
the
loudly
call is
for the protection of her children
in Thessaly, Macedonia, the Epirus,
or Great Britain, that the situation should
become more language and forms of each country.
complicated on the Adriatic, the iEgean, or the Bos.
phorus.
The march
of the Russians to Constantinople
powers of
I. Mortgages in America are at present secured by
foreclosure and sale, founded on an actual mortgage, granted
just as if the railroad were a farm or a house; but railway*
would inevitably force Great Britain into the fight. She
differ so greatly in extent, ehape, use and value, from any estates
would have no choice but to send her iron-clads to the pieviouely Known, that they needed a new form of security,
Golden Horn, and an army of occupation to Egypt. which was given by our statutes, dispensing with the old forma
War on a gigantic scale, and involving all the powers of mortgaging and registry as incongruous and really inspphca»m|.loyed in our statute*,
of Europe, would be the natural and immediate conse- ble. The word mortgage, though still
parlance applied to our railway bonds, which
quence. We have no fear that Russia will take a step is not in common
we call by the equally inexact uame of " debentures." They are
so
fraught with
world.
evil,
not to herself alone, but to the
and
secured on the revenue only, but primarily and permanently,
that in taking such a step she on the better lines are now almost wholly replaced by conversion
Nor do we think
encouragement or approval from any of her into "debenture stock," that is, perpetual annuities secured
The presumption rather is that we are exactly In tho tame way. Except In one or two unfortunately
capital is secured over the whole underfast approaching the end
that treaty arrangements will peculiar cases, the loan
liable to the
taking, and additions to the undertaking become
soon be made satisfactory to tho victor and not unnecThis we find ordinarily rnucu safer and cheaper than
debt.
essarily, humiliating to the vanquished, and that peace
by statute
separate loans. The whole rolling stock and plant are
"will again smile upon the desolated
fields, and that made part of the undertaking, and free from s»parate convey-
would
find
neighbors.
;
prosperity will return to
all
the nations.
trustees tor
ances and from seizure by creditors. We have no
statuthe mortgages, and this is one of the great benefits of our
THE CHRONICLE.
580
tory forma. Some trustees are very unsatisfactory, and even the
beat cannot be better than the bondholders themselves. If the
interest is not paid, a considerable proportion of bondholders,
The
specified beforehand, can, by combining, get a receiver.
need fcr such a combined movement by disinterested holders
The
affairs.
XXV.
[Vol.
regulations are mainly in the Companies Clauses
Consolidation Act and the acts of 1867 and 1868.
If they, or
something better accomplishing their objects, were made law
throughout the United States, they would give American bonds
and shares a value like English, for American ra'lways have
prevents improper applications, and secures the selection of a great advantages over ours, and nothing but the want of such
receiver who acts only for his constituents and without jobbery. laws has kept down their value. Experience proved here that
He works the railroad and applies the net proceeds first in pay- nothing less than these would give safety here, for they have had
ment of interest on the bonds so far as ranting equally, and then to be gradually made more strict and complete. The main points
payment of the principal of the short mortgages, gradually as are as follows
1. Capital cannot be increased either by shares or loans, nor
funds allow.
Receivers have been needed in few cases. They are strictly new railways made, nor leases of railways granted or accepted,
held to account by the courts, and, owing to the prevention of nor any considerable new works or enterprise undertaken, nor
floating debt and other complications here, their duties have been anything except matters of ordinary administration performed
without the express authority of the shareholders, given at a
comparatively simple and temporary.
In most British companies all the loans rank equally, which meeting held upon postpaid notices sent a week or so before to
makes the securities much more marketable aud valuable, being every shareholder, besides longer notices by advertisement.
Their perpetual debts Most matters have to be approved by at least two, and sometimes
parts of a vast homogeneous whole.
quoted on London Stock Exchange ce.nnot at present be bought three, such meetings, with a considerable interval between, at
to yield more than 3f to 4 per cent except in the case of one some of which the approval must be by three-fourths of the
short new railway, which has~never yet had any profit and is in votes. This large majority, and the repeated consents for the
sime object, are important and much-needed safeguards, not
default.
Such high values are attained by limiting the proportion of oily against the managers, but against the shareholders themin
:
,
debt to paid sbare capital, so that there may be a margin of security, and by regulating the manner of incurring debt, so that
nothing can be put before the bonds also providing that bond
and shareholders can see alljthe affairs, can inspect all the books,
can easily acd cheaply have lists of their co-partners, can see
the holding of each, are protected from having their vote*
swamped by large operators, and can practically control their
All these directors must be consideradirectors if they please.
;
ble shareholders and classification or rotation of directors secures against raids and revolutions. Bonds cannot have proper
value nor be safe unless the shares also are protected from
raiders and " operators," for the sure income of the shares is the
selves.
Had
ceptional unlucky case.- as that of the railway in default abovementioned, powers to borrow somewhat more have been given.
Bonds take precedence of everything except payment for the
land or leases, &c, on which the railway is held. No railway
can bind itself for a loan or bill or note, or in any way but by
1
,
Acknowledgements, called " Lloyd's
the statutory bonds.
Bonds," have been granted by needy railways for work done or
goods supplied as a temporary resource, but these cannot be
effectually granted for borrowed money, and do not rank with
the statutory bonds. Wages of labor are paid weekly or at most
fortnightly, and no question has ever arisen about their precedence, as they cannot fall into arrear. No workman would submit to it.
Nor does our law allow any preference for supplies.
Thus no legal " floating debt " can exist to trouble the bond
holders. Notes of hand are sometimes given, but these are well
known by both givers and receivers to be mere debts of honor as
regards the companies, so that directors in times of difficulties
have had often to become personally bound for enormous sums
on behalf of their companies, trusting to the honor an 1 good
feeliag of their shareholders.
the mere time
made such
2.
make bonds always
one time a plague of " con.
tractors' lines," and railways not needed, but got up for the
making by speculative engineers, contractors and lawyers, with
shares issued on puffing prospectuses, contracts let at monstrous
prices and largely paid in shares, &c.
These were generally
small concerns and were bad from their birth. This plague
ceased for want of dupes to supply money. The bonds of some
proved almost worthless, but time 13 bringing a number to have
some real value. But some could not go on without a sort of reconstruction, and a law was passed authorizing this on a scheme
approved by three-fourths in value of each claBS of mortgages
and preference shareholders, and by a meeting of ordinary shareholders.
This requirement of separate consents has prevented
any section being taken advantage of. And till people agree, the
receiver quietlyjworks the line for payment of the earlier creditvaluable.
Wo,
like you,
had
at
ors.
II.
The
real ultimate security for
bonds and shares alike
lies in
as far as possible securing good management. This we do by
statutory provisions, mostly now thirty years old, but gradually
improved and added to, and really effective, except against those
errors of judgment in which the directors and shareholders went
wrong together, and which must always be incident to human
needed for notices and meetings would have
things impossible.
Books and accounts must be well kept and
inspection by all bondholders at
all
all
open for free
reasonable times, with power
and by all shareholders for fourteen days before
and one month after each ordinary meeting, which in England
to take notes,
is
half-yearly, instead of being annual, as with you.
We
think
Anyhow, the
advantage in this shorter period.
shareholders should have access to the accounts and books, at
least as much and as ofteu as here.
3. Half-yearly accounts have to be made up in the excellent
statutory form imposed in 1868, and printed seven days before
each meeting. These accounts give a very complete and detailed
there
is
an
view of the affairs, carefully separating capital and revenue,
with a probable estimate of capital outlays to come. Each commences with last half-year's balances, i-o as to be quite continuous.
The accounts are not composed of isolated items all go into the
columns, and are summed up to produce the general balance.
The accounts are of a purely practical kind, require no bookkeeping but what a company must have for its own sake, and were
formed by taking the best parts from the very various forms
used by numerous companies, and adding others. Some (particularly Scotch) companies work into these forms a good deal of
extra information, not compulsory, and more might still be useThese accounts must be lodged with governfully introduced.
ment and given to every bondholder who asks them, and they
;
are sent by post, with the half-yearly report, to every shareholder
about a week before the half-yearly meeting. Their uniformity
is
All these provisions have not sufficed to
it
raanufnctured in millions for instant use. No board would have
No shareholders would have passed
dared to propose then.
t'jem.
An i if these difficulties could be supposed non-existent,
;
only margin that gives value to the bonds.
Borrowing is forbidden beyond a statutory limit, generally
one-third of those shares which are at least half paid up. In ex-
New York, the Erie could not
was, with convertible bonds and shares,
these rules prevailed in
have been deluged, as
of the highest value, not only for comparing the doiDgs of
different railways, but for watching the doings of one
company
from half-year to half-year. Till this form was compulsory the
companies constantly changed them, just as many American
companies still do, with the effect of making comparison impossible.
4. The half-yearly accounts must be reported on, before the
half-yearly meeting, by auditors (two in number) appointed, not
by the directors, but by the shareholders. One of them retires
may be re-elected. These have no likeness to an
American auditor, who here would be styled the accountant of
the company. They are paid, but must have eo other office or
interest in the company's affairs, unless as holders of bonds or
Generally, at least one, sometimes both, are public
shares.
annually, but
accountants of the very first class if one is not professional, be
The auditors
is generally an experienced large shareholder.
have at all times access to the company's books, and their report
must be laid before the meeting of shareholders before a divi;
dend
is
declared.
They
are also entitled to
make
to the share-
and at any time, any communication which they see fit regard' ng financial matters.
5. No railway company can pay for shares or bonds in another
railway or company, nor spend moDey on any object outside of
holders, at the company's expense,
its
statutory purposes, without Bpecial legislative power.
If this
Dkcembeii
18, 1877.
THE CHRONICLK
|
been the law in America, some lately prosperous companies
would not now be in such trouble.
6. The list of names and addresses of all shareholders is constantly open to each of them, and must he annually printed corand copies sold at five shillings each to shareholders.
This enables shareholders to see who are their partners, to com-
robbed under form of law. There have been such eeeee in the
past, but there should be none in the future.
No company can
be taken possession of by another in this country without consent
of a three fourths majority of vote*.
lihd
In discussing these subjects the great American mileage re-
.
ported, as compared with the EDgllah, will be quoted against
change. But the figure! don't admit of comparison, for Ameri-
municate together, and on occasion to organize oppositon against
board mi asures or men. The knowledge that this can be done,
makes it rarely needful, and has a constant steadying effect.
Gener.
7. The voting is not simply by shares, as in America.
cans reckon up
all double tracks, sidings, stations, Ac., aa singletrack mileage, while the English report only the distance be-
tween termini, and through this defect no one knows the
one vote for every share registered up to ten; then
one for every five up to one hundred shares; then one for every
This prevents large holders, speculative
ten shares additional.
length of track laid, which
ally, there is
No
one
is
on any occasion recognized as a shareholder till regis
registers are closed for a reasonable time before each
The
fore obliged to
mention
the chief points, thongh describing
that Americans will at least ap-
all
meeting, to secure their being perfectly written up. The recent
difficulties at an Ohio 4: Mississippi election would be impossible
them most imperfectly.
here.
against the rich, the scattered
may
the
;
(1.)
amount required
safely
employ
their
resources in the improvement of oar
John M. Douglas.
country.
Threadneedle
9. Proxies are only granted for one meeting named in them,
and practically are rarely asked or given till the half-year'B
reports and accounts are received; thus no directorate has in
possession the ready voting power which many in America keep
continually in hand.
It is not wholesome that proxies should be
granted in advance, nor till after learning all that has been done
and is proposed.
Directors are the objects of important rules.
know
many against the combined and
possibly conspiring few, so that small and great investors alike
Holders of a certain proportion of shares may at any time
require the directors to call a meeting of the company, and, if
this is not done, may call it themselves. The directors are bound
to obey the resolutions of shareholders' meetings.
10.
I
prove our aims, to protect the weak against the strong, the poor
8.
must be a substantial shareholder
total
vastly greater than appears.
is
My remarks are longer than I desired, though I bare labored
hard to compress them, and have excluded many useful detail*
and illustrations. Our system is composed of many parts, each
of which, though good in itself, would be ineffective by itself,
but combined into a whole they are moat efficient. I was there-
or otherwise, from controlling theMe great concerns. They would
need to buy nearly nine-tenths of the shares to be sure of ruling.
tered.
681
Btreet,
RAILROAD EARNINGS
The
reports for the
favorably, as a rule,
year.
London, November
22, 1877.
AND FROM JAN.
TO NOV. 10.
November just passed compare
with the returns for the same month last
IN NOV.,
month
1
of
There are several changes, however, aa compared with
the reports for recent months which are worthy of notice. The
grain-carrying roads, though still showing an increase over 1876,
have fallen off largely in their percentage of excess the St.
Each
—
varies
;
in little concerns
siderable.
enormous.
it is
small, but in the larger companies
In point of fact the holdings of
Some
many
it is
showing an increase in November of
$126,770, while for October the increase was $365,741, and for
September $534,169. There is also a material change iu the
exhibit of such prominent companies as Central Pacific and
Chicago & Alton, the former showing a much smaller decrease
than in previous months, and the latter showing a decided turn
in its business and an increase of $24,948 in earnings, against a
considerable decrease in months preceding.
The roads running west from St. Louis, and their Texas connections, have fallen off somewhat in their earnings as compared
with 1876, while the northwestern roads have been advancing
thus, the Missouri Kansas & Texas earnings are about $50,000
less than in November, 1876, the St. Louis & Iron Mountain
shows a trifling increase and the St. Louis & San Francisco a
slight decrease, and the Missouri Pacific and St. Louis K. t'. &
Northern a moderate increase over the same month last year.
From the trunk lines we have nothing except the Canada rePaul road,
con-
directors are
large companies publish at each election the
They
though very
from having
any other pay or any contract or profit from the company, unles g
as shareholders of an incorporated company. This is excepted
because the names and designations of all shareholders in such
companies are registered and public
therefore such contract
would not be secret, and if it were improper it would lose him
both his seat and his character. (4.) One-third retire annually
but may be re-elected. This provision makes raids on railroads
impossible, as it would take two years at least before raiders
holdings of the candidates.
moderately.
(3.)
They
(2.)
are paid,
are, as trustees, prohibited
;
could get control.
The Erie
raiders got possession of the road,
and then made themselves permanent by getting an act for this
rotation system, which, in the circumstances, was properly repealed.
But no board can be expected to work properly without
reasonable certainly of its policy lasting
for
a
time.
and those are quite favorable. As navigation virtually
end of November, we have now entered upon the
season when the trunk lines are expected to reap their harvest.
Freight rates from the seaboard westward have been substantially continue.! as they stood on first and fourth classes, and
reduced 10 cents per 100 lbs. on second class and 15 cents per
100 lb3. on third class. The rates from New York to principal
western cities are now ae follows. Compared with former years,
Some
ports,
Americin boards are said to secure this by manipulating shares,
and begging, or sometimes buying, permanent proxies and most
of them by excluding both share and bondholders from knowing
their on n affairs or co-partners.
Rotation seems a much more
closes with the
;
proper way.
On
these varied and carefully-matured provisions the comparaand value of English railways depend. They are
tive steadiness
except last year, these rates are not high.
largely held by investors for a return of from 3$ to 4$ per cent,
little more, combined with the hope of gradual improvement.
or a
Their security does not gain much from the care of Parliament,
which may protect one of them from another, but which scarcely
J
,
.
,.
ever protects shareholders from their own errors, or from those
,
.
of their directors.
for instance,
Classes
,
1st
'
Y..$
Bnffnlo.N.
Cleveland,
6
Columbus,
<)
1
65
80
92
77
95
13
Cinciunati.O..
Toledo, O
t:dianapolis. ..
Louisville, Ky.
I
These provisions seem
the free spirit of American
institutions.
In the best old sense of the words, they are demo
cratic and republican, opposed to oligarchy and " personal government." And they are so distinctly conceived and expressed
to
suit
that they have caused scarcely any litigation.
Though I have read many American railroad laws, my knowl.
edge of them is necessarily most imperfect. Yet, I venture to
think that no rights would suffer though all the above were
enacted at once in America, except that very imponant rule as to
the scale of voting, which might seriously affect those many
railways which control others by holding a majority of their
shares, unless ex post facto operation were excluded.
To disturb
the present state of power in these coses might be wrong or
right,
don't venture to say which.
But if I, seeking a fair
and a neighboring railway
then buys half the shares to control and work the line, not fo1
its own advantage, but to throw profit on the
buying line, I am
I
return, put
money
into a railway,
Chicago, 111...
DcsMuises.Ia.
St. Joseph, Mo.
2d.
$
1
CO
1
«s
1
85
44
3d.
.'2
S9
48
55
46
67
64
73
Hi
1
1
78
9*
80
83
50
i
71
1
1
60
09
15
1st.
4th.
$ 33 *
-')
St. Louis,
Sd.
Detroit. Mich.
00
70
P«uI,Ml«n.
2 10
1
Galveston,!", x
1 47
1
90
46
1
St.
Ornate,
New
3d.
Mo. $1 «7$1 01$
Miiw'Icee.Wis.
Nob
1
..
1
Orleans..
1
1
Memphis
1
16
1
Nashville ....
Mobile, A'a...
1
1
13
40
1
i
81
66
60
97
55
38
19
cs
81
to
44
1
-..I
1
53
1
i
tta.
•5
38
95
1
15
10
m
88
1 .6
The Chesapeake & Ohio Railroad has also reduced its rates en
second and third class freight to correspond with the new trunk
first c!ass, 8
line tariff, and its rates are now about 10 cents on
cents on fourth
cents on second class, 5 cents on third class, and 8
rates
per 100 pounds, below the all-rail lines. These
class,
include the marine risk only by special contract.
this season, the
In commenting on the grain movement by lake
Commercial AdcerlUer of Buffalo gives the following
statistics
of that port
" From the opening of navigation to December 1 the receipt*
bushels to
of grain, exclusive of flour, reached 60.524,000
year preceding. \\ ith
44 553 000 last season, and 52,289,000 in the
grain movement in the
one single exception this is the heaviest
when the «*greg»««
history of the port. The exception Is 1878,
was 65, 190,000 bushels. The years
for the corresponding months
:
THE CHRONICLE
532
standing next in order were 1871, which shows 59,932,000 buBhels,
1872, showing 58,285,000 bushels, and 1802, which showed
58,115,000 bushels. The movement of flour by lake, however,
has been steadily declining for several years. The receipts
this season stand at 624,000 barrels, to 777,000 in 1876, and
1,311,000 in the previous year. The reason of this is the
increased competition of the railways, and the special inducements offered by them to the millers of the Northwest.
If they cannot secure secure it at one price, they will be sure to
The canal figures also compare very favorably
offer another.
with those for previous years. The total sbipments for the seaBon were 48,632,000 bushels, to 27,774,000 for last year, and
35,481,000 bushels in 1875. In 1873 the grain movement by canal
exceeded the present one, standing at 50,854,000 bushels; but
that is the single exception. The following exhibit shows the
average freight rates by lake, on wheat and com from Chicago to
Buffalo also the average canal rates, on the same cereals, for
November, in a series of years :"
Canal.
Lake
Wheat. Corn
Wheat. Corn.
;
.
,
Tears.
Cts.
1868
I860
...
...
1872
..
18 4
....
....
1876
.
1877.
Atchison Top. & S. Fe ...
Burl. C. Rap. <Ss North'n.
Cairo & St. Louis*
$355,500
138,'l83
12,951
1,597,000
892,848
832,000
36.008
81.317
827,211
84), 537
171,749
&St. Paul.. ..
CI. Mt.V.A Del.&brchs..
Denver & Rio Graude...
Grand Trunk of Canada
Qt. Western of Canada J
Chic. Mil
Hannibal
& St. Joseph.
&
..
Illinois Cent. (111. line)...
Indianap. B.
Western.
Int.
at. Northern*
&
452,0t8
80,815
& Texas
St. L.A. & T H. (br'chs)..
St. L. Iron Mt. & S
St. L. K C.
North
St. L. & San Francisco...
Kansas
312,833
114 234
<Ss
— St L.Div.*
St.L.A So.E
do
do
4 f,702
Ky. Div.*
Tenn. Div.*
2!, 103
8,142
85,0/10
Tol. Peoria
& Warsaw ...
93,033
4 7.373
Wabash
Total
6 9
46
42
$8,062,132
Cts.
16 2
190
15 9
11-5
14 1
160
110
12 3
97
10 6
8 7
10-5
91
n-4
12 4
.
5 9
5'6
37
83
7 5
CI
3'9
100
8 7
HOVEMBI R
1876.
$•225,793
1.779
73,531
24,948
5,979
86,807
105,650
1377.
At. Top. & Santa Fc
Burl.C. Rap & Northern..
Cairo & St. Louis*
Central P.iciflc
Chicago & Alton
Chic Mil. & St. Paul ...
CI. Mt. V.& Del.& brchs
Denver & Uio Grande.
.
$2,432,750
1,120,8*7
212 84)
15,829.107
4, 1 43.774
7,147,46)
851,8i»
706,743
8,640 109
3,619,2)9
1,382,043
4,661,525
1,114,818
1,293.804
8,iH2,6?2
3,533,302
2,918,299
.
.
Grand Trunkt
Great Western}
Hannibal & St. Joseph.Illinois Central
(III.
liuc)
& Western..
Great Northern*.
Ind. Bloom.
&
Int.
Kansas
Pacific
Missouri Facile
Missouri Kansas
Padacah
&
& Tex
Memphis.
.
.
...
St. L. A. &T.H. (br'chs)..
St.
Iron Mt.
So ....
St. L. KinsasCity
N..
St. Louis
S. Francisco!
&
L
A
St.L.
&S. E
&
— --tL.div.*
do
Ken. div.*
do
Tenn. div*
Southern Minnesota
Tol. Peoria
& Warsaw
.
1,037,583
240,762
16,699.795
4,t8S,17T
7,443.8b2
815,874
42s,412
8,613,793
3,731,721
1,745.578
4,904,790
1,349,148
1.151.293
2,783,872
3,'90,807
2,920,313
190,369
414,444
3.494.2S0
2,875.872
1,225,185
555.146
290,371
137,421
53 1 J 3
1,313,687
4,011,547
i
.
Wabash.
Total
1876.
$2,21-2,136
$77,917,941
-
$73,926,411
19.832
22,434
12,331
19,451
66,727
8,261
5.'5
837
2.6 '4
29,513
7,307
3,014
1
Joseph
Total
-
Houston
&
exas Cent
..
J706.124
522,116
Mobile & Ohio
Nash. Chat. & St. Louis..
Nnw Jersey Midland
Philadelphia
&
Erie
oseph & Western
St. Paul & Sioux City
Sioux City & St. Paul
St.
.1
Total
Net increase
. .
$4,746,647
the roads that will furnish statements for Dublication:
-Jan.
--Oct.
187
1876.
Atchison Topeka & Sante Fe —
Gross earnings
$312,823
Operating expenses
129.640
Net earnings
1
to Oct. 81.--
1877.
$297,958
1876.
$2,097,2:0
1,048,610
119,030
$2,056,341
981,817
$213,183
$173,878
$1,048,610
$1,074,526
Cedar Rapids & North.—
Gross earnings
$171,533
Operating expenses
95,432
$111,411
30,193
$931,312
661,934
$912,675
$76,101
$31,251
$316,408
$213,760
$445,597
207,393
$532,863
Burl.
Net earnings
Chicago & AltonGross earnings
Operating expenses
Netearnings
$
$213,199
Chic Burl. & Quincy—
Gross earnings
$3,755,027
2,091,787
72-1,915
$4,218,278
$
$1,661,140
$1,290,114
501,691
$1,359,200
655,S85
$10,184,936
5,416,989
$10,151,013
5,196,011
Netearnings
$698,423
Vernon &Del. and Br'chs.—
Gross earnings.
$37,516
Operating expenses
25,32 i
$303,334
$4,733,956
$4,935,002
$36,533
25,8)2
$318,361
247,256
$315,84)
252,491
$12,191
$11,181
$71,605
$63,354
$315,361
$315,360
$2,672,254
189,811
153,050
1,554,749
$2,500,181
1,445,356
$2)5.51)
$191,401
$1,117,505
$1,054,823
$172,351
taxes
97,618
$143,525
..
Expenses
Clev. Mt.
,.
.
Netearnings
Nashville Chatt. & St.
Gross earnings.
L.—
&
$1,427,413
859.663
83,556
$1,411,487
887,823
Netearnings
$523,664
$567,750
$54,969
$74,735
New
Jersey MidlandGross earnings
Operating expenses
$72,931
62,280
$70,165
$518,517
$571,713
418,708
$
$123,003
$21,241)
$151,720
8,989
$153,973
30.
$
$171,413
ll,*03
17,553
103,895
125,347
$6,101
$3,677
$47,325
$46,066
$393,15t
185,813
$337,223
$2,561, "04
1,716,611
$2,746,767
$207,838
$154,367
$815,170
$883,141
$110,613
43,741
$63,359
39,360
$536,237
$509,683
351,175
$66,8,9
$23,999
$220,053
Iron Mt. & SouthernGross earnings
$510,812
Operating & gen. expenses. 229,155
$137,931
213,55)
Netearnings
Philadelphia & ErieGross earnings
Operating expenses
In-.
Gross earnings.
Dec.
$150,614
82,744
Expenses
Netearnings
27.933
1,870.683
437,403
3.578
8,9:'5
278, 36
23,637
112,452
116.462
888.865
214,603
140,011
233,800
145,995
2.511
20,218
30,360
474.703
15,857
295,706
122,362
$1,869,903
$2,878,379
$3.516 012
{
$156,508
$3,013,913
1,875,310
1,834,693
$231,657
$1,209,253
$81,686
33,077
$68,130
$430,332
285,888
$473,739
30,037
Netearnings
Sionx City & St. Paul-
$18,609
$38,033
$144,9)4
$179,271
Gross earnings
Operating expenses
$50,034
27,393
$47,832
21,376
Net earnings
$253,611
191,185
2j9,468
$299,127
210,786
$88,441
$68,453
*31.6t5
$24,456
the following roads have as yet only been brought
to October 1:
Sept.
,
5,373
1,221
316,173
$1,640,232
down
40,104
1.863,648
$224,343
Net earnings
St. Paul * Sioux CityGross earnings
Operating expenses
13,313
980
182,856
St. L.
E trnings and expenses ou
-Jan
,
1
1877,
1876.
1877.
International & Greit
Gross earnings
to Sept. 30
—
1871
Northern$130,954
85,925
Expenses
Netearnings
Union PacificGross earnings
Operating expenses
$133,102
$9!>2,124
71,241
813,886
$I5,C29
$61,861
$1,136,418
535,161
$1,306,988
$859,063
545,067
$178,238
$313,893
$9,103,170
8,860,739
$9,293,876
$5,222,3S1
Netearnings
$601,348
Earnings S nd expenses of Houston & Texas Central for October and for
the six months ending October 31 were as follows
r-Cmos. ended Oct. 31.—,
Oct.
:
,
Houston
$...
$1,S84,?15
951,812
Oper. expenses(incl. taxes).
$432,483
149,61,5
176,226
$1,506 108
761,827
$211,935
$201,114
$441,581
$361,650
.
28, «2)
•2.766
55,128
14,121
13,556
has just been appointed an
and Traders' National Bank
For the last ten years Mr. Van Derwerker baa
of New York.
been well-known as loan clerk of the bank, and for several years
He is from the northern part of
as chief of that department.
—Mr. George Van Derwerker
assistant cashier of the Importers'
this State, where he has a large circle of relations and friends,
some of them being among the most prosperous of our business
ll.WB
145,545
1876.
1877.
$377,310
& Texas Central—
Gross earnin-s
Decrease.
15.690
82,707
$283,097
,
1876.
1877.
Netearnings
69,155
$4,601,102
$354/30
246,530
$17,308
65,725
72,91!
393,151
70,050
81,681
59,064
$108,003
GR033 EARNINGS, EXPENSES AND NET EARNINGS.
The statement below gives the gross earnings, operating expenses and net
earnings for the month of October, and from January 1 to October 31, of all
Net earnings
Southern Minnesota-
1,290,114
361,650
231.800
172,353
4V.907
39,583
•10,561
Increase.
$79,941
1,5 '8,176
181,933
34,955
$10,651
GROSS EARNINGS IN OCTOBER.
1877.
$17,501,t03
Western
Net decrease
sum
$415,»72
$17,255,075
&
Gross earnings
Operating expenses
November in each year.
to December 1.
to November 30.
this road for each month of
Atlsntic & Great Western
Chic. Bur. A Quincy
Chicago & No, ihwest.,&c.
&
Panl & Sioux City
Sioux City & St. Paul
82,057
15,926
23,198
Netearnings
Paducah & Memphis-
487
In the figures of
1876 there was included the
of about $10,000, received from rental of cars leased to other roads; this
item does not appea- in the return for this year, making ths comparison with
167<i less favsrab.e than it otherwise would be.
The following companies have but recently reported their earnings for Oct.
|
250,641
1,505,111
1,411,437
518.517
2,746 737
360,721
478,739
239, »27
1,988
13,559
1,003,473
1
St.
St.
Operating expenses
* Three weeks only of
From January
From January
1,423.057
1,427,413
671,713
2,511.804
895,6:6
430,832
L
Jersey Midland.
Philade phia
Erie
31.
Increase. Decrease,
$.
$33,923
50,702
Net decrease
t
%
St.
New
1876.
$10,151,913
Netearnings
4\780
TO NOV EMBER
1
Mobile &Ohio
Nashv. Chatt. &
TO OOTOBER
1
.... $10,184,936
Kansas PacificGross earnings
Expenses
* Three weeks only <f Novmber in each year,
t For the four weeks ended December 1.
% For the four weeks ended November 30
GROSS EARNINGS FROM JAN DART
1S77.
Quincy
126,7',0
23 ',795
$7,539,936
GROSS EARNINGS FROM JANC'RY
&
Chic. Burl.
XXV
$
O'.l
44,0;;
45,030
721.561
2 i!l.7o7
154,857
429,614
93,646
122,011
40.688
22 589
10,330
71,4)0
101,075
366,509
Dec
Inc.
$
91,903
14,730
1,675,512
S .7,3 13
76 ,230
30,029
131, >95
47,7*4
452,9 16
192
2V7
111
78
97
233,691
333,043
324,836
18,956
43,651
451,312
274, 181
18,431
8-8
9 8
19,944
34-1.311
Mo
Cts.
85
350,418
1
,
Cts.
10 3
...
GROSS EARXINC.S IS
,
fVoL.
$117,552
men.
December
THE CHRONICLE
15, 1877.]
and doiniutrcial
jCottet fllonetarn
The political aspect, both a* regard* the Eastern question and
the domestic affaire ol France, c milnuee to check active business
on the Stock Exchange but, on the whole, the tone la firmer.
Russian victories have caused the value of Kuanian bond* to rise,
Sterol
tfftigtiaf)
ATGH')1' BVOH.illiR ir L'lNixM VNII OK LUKIMIN
AT LATB8T HATES.
KCUANOK
AT LONDON-
NO V KM BKK
OH—
mi
rdam...
d
.
the value of Consols.
hllort.
!J.2VJ»K.8Jf
M
short.
(&.!.>
&so."2
/.i
BIB
US
20.1)8
ii
Frankfort
Bt. Petersburg
50.68
34
"
90 days.
97.K5
2r.85
11
Nanlcs
**
New
Nov.
short
Ii 13
liort.
ii is
SO 43
25.17
30.
80.
lil'
:i
n.
short.
as
Nov.
3 mos.
80.
employing money profitably. Erie railway shares and bonds
have been attracting attention of late, and as regard* other
American railroad securities the tone has been firm.
The closing prices of Consols and the principal American seenrities at to-day's market, compared with those of Saturday last,
lis 60
20.43
20.43
24 5-16
r-hort.
©20.72
BS0.7J
1*
«ai«
3 mos.
Nov.
20.
....
six&six
months. 27.85
»*
TIMX.
Nov.
"
45
i~y.&*TA
3
RATI.
LATKST
DATS.
4*t@U.4K
12
15. 40
jobs
months. J5.3SX 5
*'
u.it ana)
3
Berlin
but tho more prominent feature has been an advance to 97$ In
This, however, mast be regarded not aa •
aign of prosperity, but of the restricted channels which exist for
EXCHANGE ON LONDON.
RATX.
'•
;
so.
TIMS.
month*.
3
are subjoined
©27.90
Nov.
SO.
short.
Nov.
Nov.
ee.
30.
9.
3 mos.
BO days.
90 days.
48. ib
Do
Do
Do
©;7.'J0
46%®47K
York....
Oct.
Oct.
Bong
"
8®13-16d.
:».
8@13
Is.
ltd.
Kong...
••
.
Alexandria
(.From oar
14.
4. Ml
24X
90 days.
Nov. HI.
Nov. 89.
Nov. 26.
Nov. 26.
Nov. as.
b'
**
1 <
"',,'/.
U.
9),'i.
3«.
"
:)
own correspondent
UXd.
96
had been raised to 5 per cent
solely in consequence of the bullion movements, and was maintained at that point owing to the uncertainties which prevailed
about the future, no positive opinion bad been formed early in
week
the
rate
as to the protable decision of the
Bank
The
Court.
return published this week fully justifies the course pursued
and when it is borne in mind that for a long time past the Bank
;
has been unable to transact discount business, owing to the low
rates current in the open market, an alteration it is at once perceived was unavoidable. As long as the open market was discounting bills at 1 i per cent beneath their own minimum, very
little difcount business could be acquired, and hence we find
that " other securities," which
the
Bank
rate
was advanced
to
amounted to £19,064,149 when
4 per cent, have fallen to £17,054,-
On the other hand,
the supply of bullion, which was then £22,788,316, and which
has since been as low as £22,278,557, has increased to £23,311,547,
while the reserve of notes and coin, alter being as low aa
368, or to the extent of about £2,000,000.
£9,431,120, has risen to £11,547,182.
The advance
in
the
Bank
rate to 5 per cent, therefore, although its action has been tardier
than usual, owing to the inability of the open market, to follow the
movement, has accomplished something, and as the Bank is now
Albany
106
l.(
Jll'7
9
103
103
1C5
101
105
106
80
rondel 6a
1906
81
Sncqnehanna cons. mort. 7s. Nos.501
to 1,500, inclusive, guar, by Del. &Hud. Canal. 1906
Atlantic
Great Western 1st M., $1,000. 7s. ..1902
Do
2d mort., $1.000, 7s.. 1902
Do
3d mort.. $1,000
1902
aM
&
Do
Do
Do
1st mort. Trustees certificates
2d
3d
Atlantic Mississippi
do
Baltimore
do
do
& Ohio, Con.
do
do
mort., 7s
1905
Committee of Bondholders' ctfs
Potomac (Main Line) 1st mort, 6s. 1911
do
(Tunnel) 1st mortgage, 6e,
&
(guar, by Pennsylvania & No. Cent.Rai (way). 1911
Bnrl. Cedar Rapids & No. RR, of Iowa, 1st mort.
Central of New Jersey shares
..
Central of New Jersey, cons. mort.. 7a
1899
Central Pacific of California, 1st mort., 6s
1896
Do Califor.A Oregon Div.lstmort.gld.bds,8s. 1891
Do Land grant bonds
1890
Del. A Hud. Can. 7s
18*5
Detroit & Milwaukee 1st mortgage, 7s
Do
2d mortgage, 8s
1875
Erie $100 shares
Do reconstruction trustees' assessm't, $6 paid.
.
Do
Do
Do
Do
Do
Do
do
do
do
$4 paid...
paid...
$'!
$2 Daid...
56
13
6?
2
107
95
i.
i
91
91
G
80
80
t
&
4
Witt
15
14
25
24
(t
i
i
i
21 &
preference, 7s
45 6
convertible gold bonds. 7s
1904
45 i_
reconstruction trustees' certificates, 7s
1911
79 4
Galveston & Harrisburg, 1st mortgage, 6s
..
Illinois Central, $100 shares
1928
98 a
Lehltfh Vallev, consolidated mortgage, 6s
1891
Marietta & Cincinnati Railway, 7s
£
Texas, let mort., guar, gold
Missouri Kansas
19C4
53 «
bonds, English, 7s
New York Central & Hndson River mortg. bonds. 7 !20 {
107 £
New York Central $100 shares
1890
83 3
California, 1st mort., 78
Oregon
28 <a
i
coup.
Fraukfort ommit'e Receipts, x
do
31*4J
Pennsylvania, $50 shares
1880 104
1st mort., 6s
Do.
1905
»3*?t 9
con»ol. sins'g fund mort. 6s
Do.
"ftl7
16
Philadelphia & Reading $50 shares
Pittsburg Port Wayne <fc Chicago equipment
....
101
Co.).
8s
bonds (guar, by Pennsylvania R. R.
1889 104 ait*
Onion Pacific Land Grant 1st mort, 7s
UHZ
—
&
4
X
i
meet all ordinary wants, to keep itself out of the
discount market was not only impolitic, but was undesirable. If
the Bank were to conform to the view of keeping the rate so
much above the open market solely with the object of securing a
large stock of gold to supply foreign requirements, and to maintain a high quotation as long as the future of the bullion market
was in a state of uncertainty, the directors could simply banish
themselves for an indefinite period from the discount market, as
in a position to
it is
quite probable that the uncertainties of the bullion ctemand
are far Irom disappearing.
The
judicious course in reducing
directors have certainly pursued a
their
rate.
They may now
indications of increasing.
Should the demand
Onion
Pacific Railway, let mortgage.
the process of returning to 5 per cent is a most simple one but
as far ts trade and the resources of the Bank of England are
The demand
Gt. Western consol. mort., Bischoff.
1892
certs, (a), 7s
1874
Atlantic* Gt. W. Re-organization 7s
78.1902
trnst,
lines
rental
leased
Atlantic & Gt.W.,
1878.7e.1903
do.
do.
Do
Western exten., Ss. ...... .1876
do.
Do.
do. 7s, guar, by Erie
do.
Do.
Baltimore* Ohio, 68
Atlantic
R£
is justified.
money throughout the week has been exceedingly moderate, and the rates of discount have had a downward
tendency.
Annexed are the quotations
:
for cent
Tank
O
rate
en-market rates
30andfi0.Uys' bills
3 months' bills
l
.
4
1
|
I
WVDi
\
Open-market rates
4 months' bank bills
6 months' bank bills
4 and 6 mouths' trade
Per cent
8XWX
.H,®1K
bills.
8>j@l
SX&3%\
The joint-stock banks and discount houses have
altered their
©103
©ljg
H7 ©108
©
93
95
18
'
SO
106
i«
»
©35
30
80
§107
;••
in
UN
J8&
8l::::::.::::::::' ::::::::i?io
&
piincipal
•8
18
so
88
Minn., 7s
«°J
}«»
Cairo & VIncennee, 7s
Chicago* Alton Bterlingconsol. mort- 6e. .. 1903
Chicago * Paducah 1st mort. gold bonds, 7S...1MI
Cleveland, Columbus. Cin. .t Ind. con. mort. ..1913
1906
Eastern Railway of Massachusetts. 6a
do.
Burl. C. K.
The
101
103
©108
©95
<fe
arrival of rather
for
117
AMERICAN STERLING BONDS.
1910
93
Allegheny Valler. guar, by Penn. R'y Co
;
concerned, no higher quotation than 4 per cent
1898
6's
-
gold revive,
for
©03
antici-
pate some increase in their discount business, but this cannot be of
any great extent, as mercantile wants are few and they show no
»4.
42
AMERICAN DOLLAR BONDS AMD
*
a
tau
Bet,
llokaillH
i(*.;V(tii7
1888
1804
1900
1889
1801
18V9
New
Do
]
o;%
10iJ<©in<tt
42
51
1875
5s
5s
6s
5s
5s
Virginia stock 5s
Do
6s».
London. Saturday, Dec. 1, 1877.
The directors of tlio Bank of England have this weeic reduced
their minimum quotation for money from 5 per cent, at which rate
it was fixed on the 11th of October last, to 4 per cent. The alteration
was not unexpected, but as the
ISM
Do
Do
Do
Do
Do
is. :>\ii.
3
in"'.
10-10. 5s.
Massachusetts 5s
41V
mos.
lsui
funded. 4Xs, Issued at lOStf
Louisiana Levee, 6s
Do
6s
Buenos Ayres..
30 days.
...1888
18*7
funded, 5s...
Not.
110*ttl ''X
ft
1881
Do
5-20
O. 8.1867,6s
37.23
Del.
Rcdro.
..
..
:
Consols
United States
a.'J.'JO
Bio de Janeiro
Bombay
683
•
jr
©»
106
104
40
1*
85
81
©M
l
i
fWT
107
tot
™ 2,5
features in the bullion aarket have been an
more than half a million sterling from Australia,
of the German
and a purchase of about £200,000 on account
ve also arriTed
Government. Nearly £200,000 in gold and silver hi.
the East hss left
from the West Indies, while tho steamer for
Bank, in addition to
with £117,000 in silver for Bombay. The
half a million
some supplies from abroad, has also received about
for the large Increase
accounts
which
Scotland,
in gold coin from
sUrer msrket has been
of £741,097 in the stock of bullion. The
tendency. The quodownward
a
had
have
prices
and
very dull,
rates for deposits, but
no uniformity exists among them. The
London & Westminster Bank allows 2$ for money at call, and 3
tations for bullion are as follows:
•OLD.
per cent for money at notice of withdrawal. The National Discount Company allows 3 per cent for money on demand and at
notice, but some of the banks and discount houses give
3i per
cent for money with notice
Bar Gold, fine
Bar Gold, red n.ibl
Spanish- Doubloons
South American Donblooni.
y^^Bu^Miold'coSi
German Gold Coin
s.
per ox. standard.
.. parol, standard.
per os., nominal.
.
per os.
per oa.
per ox.
.
a.
THE CHRONICLE
5S1
„
WarSiver.nne
_
SILVER,
per
,
BarSilver. containing 6 grs. gold
a.
54
oz., last prico
Spanish Dollars (Carolus)
Five Franc Pieces
d.
<& ....
@
©
a
®
54«
52K
per oz., last price
per oz., last price
MexicanDollars
peroz
Quicksilver,
£7
'.'.'..
'.peroz.
Discount. 3 per cent.
7s. 6d.
...
...
'".'.
Annexed is a statement showing the present position of the Bank
•of England, the Bank rate of discount, the price of ConsolB,
the average quotation
English wheat, the price of Middling
Upland cotton, of No. 40's Mule twist, fair second quality,
and the Bankers' Clearing House return, compared with tbe
four previous years
for
1873
IS; 4.
1875.
£
£
£
£
£
28.050.162
27,902,453
6,538,842
24,916,197
I3.7SD, 29!
27.079.888
3,070,430
20,376.485
13 578.372
17,051,368
Circulation— including
bank
post-bills
25,935,396
o!2:o'806
18,647,299
Government securities. 13,277,161
Other securities
18,198,818
26,656,138
4,702,126
17.768,211
13,879,615
18,913,202
Public deposits
Other deposits
Heserve of
S,87li,277
22,618,600
13,852,842
20,033.932
1876.
1877.
1C,752,031
notes and
com
Coin and bullion ir
both departments....
11,488,845
8,639.905
10,698,140
16,902,031
11,547,182
21,667,120
19,951,315
23,313,665
29.416.139
53,311,547
5 p. c.
6 p. c.
Proportion
of reserve
to liabilities
Bank-rate
Consols
Bnglish wheat.av. price
Mid. Upland cotton
No.40s, mule twist, fair
Id quality
92<^
61a. Od.
8V4d.
Is.
5S'14 p. c. 4;*.2 p.c.
2 p. c.
4 p. c
95Ji
97K
46s. 8d.
48s 2d.
51s. Sd
6J»d.
6 7-16d.
6Xd.
3 ?. c.
95*
92X
48s.
lyd.
fid.
la. Od.
Is. Od.
The following
lOXd.
81,381,000
This fact induces holders to hold on for higher prices,
more especially as the New York market has been rising, and the
Californian supplies will fall below the average.
According to the official returns, the sales of English wheat in
the 150 principal markets of Ens laud and Wales amounted,
during the week ended November 24, to 39,534 quarters, against
whole Kingdom it is estimated that they were 158,200 quarters, against 203,000 quarters.
Since harvest, the deliveries in the 150 principal markets have
amounted to 617,967 quarters, against 694,520 quarters, and in
the whole Kingdom it is computed that they have been 2,472,000
50,713 quarters last year, and in the
quarters, againBt 2,778,100 quarters in the corresponding period
last year.
The deficiency amounts, therefore, to 306,008
of
quarters, and a comparison of'the produce
since harvest:
5
Hamburg
5
Frankfurt
ViennaandTriestc..,.
Madrid, Cadizand Barcelona
fl
4>f
6
Lisbon and Oporto...
Bank
rate,
6
6
%J
Brussels
Turin, Florence
2X@3
4K
and
Rome
4
Leipzig
4
Genoa
4#@4X
6 @8
New York
Calcutta
Copenhagen. .......
5
5^
3X
5
5
5
4
Geneva...
Open
able to the current year.
market
1877.
cent, per cent
7
7
3X®1%
23,011.171
29,842,318
71,418
97,0.41.791
317,601
27.215.3(0
22,693,567
47s. Od.
29,767.900
47s. 3d.
26,931,064
45s. 3d.
Result
6X©7
Aver, pi ice of Eng. wheat for season
.Vis.
Id.
130,727
The following statement shows the imports and exports of
the weekly drawings
cereal produce into and from the United Kingdom since harvest,
$200,000 will be placed.
No
tenders for telegraphic
more than £80,000 will be
Government of Bombay.
The sale following that
of the 19th December will be on Thursday, the 27th of December.
the
by Mr. E.
Halsey to the trustees
mortgage bondholders of the Midland Railway of
J.
of the first
Canada, setting forth a scheme to enable the company to resume
payment of full interest upon its first mortgage bonds, which,
under existing circumstances, cannot be done. Mr. J. O. Surtees,
oneof the trustees, approves of the scheme in the form of another
•oircular, and convenes a meeting for December 7.
A very important case has been decided this week by the
Master of the Rolls, Sir George Jessel.
The plaintiffs in it were
Messrs. Williamson &Co., of Calcutta, and the defendants, Messrs.
Barbour Brothers, of Manchester. The complaint was that, by a
•series of overcharges for commissions extending over twenty years
the Calcutta firm bad been defrauded ol about £100,000. The plain
tiffs, therefore, applied that the books should be opened with
a view
to ascertain what was the precise claim that should be made.
One great cause of complaint was that the Manchester firm purchased grey shirtings, and got them bleached, as agents, for the
Calcutta firm. Tbcy took discounts from the bleachers, which
they did not, it was alleged, allow to their principals, in addition
to which th«y charged a profit on the invoices. The CJcutta
firm asked, therefore, that the sums thus charged in excess should
be restored. The Master of the Rolls remarked that the plaintiffs
had proved four cases in which the defendants did add to the
gross price of the goods purchased, atd, therefore, he must
assume that th^y did, in some instances, make an addition to the
gross price.
He was satisfied that when commission agents bought grey goods, it was
not the custom cf Manchester house to charge thei- correspondents an
increased price
his, therefore, was a proved overcharge, and in his opinion
it
was a fraudulent overcharge in the sense in which the word --fraudulent" is
used in a court of justice. As regards the insurances. -Wiat right had the
derend snis to charge for effecting insurances with themselves, or what
excuse
for charging a larger duty than was actually paid » He could
characterize
these charges ony in tho tamo way as he had characterized the
additional
<
;
..27,813.067
.
167,727
121
10,711,500
viz, from the 1st of September to the close of last week, compared with the corresponding periods in the three previous years
:
IMPORTS.
transfers will be received, and not
circular has been issued
cwt.
11,615,149
1,274.392
14,162,250
1, ?!)4.
Total
Exports of wheat and flour
1S74.
cwt.
17,593,869
1,540,119
10,7(8,000
home-growu produce
4*
4
cwt.
9,401,005
1.565,616
12,038,501
15,307,441
bales of
1875.
1876.
cwt.
Imports of wheat
Inn oris of flour
4
4!4
It is announced by the India Council that
on India will be resumed on Wednesday, the 11th of December,
on which day, and on the following Wednesday, bills to the
A
in addition, unfavor-
Open
Berlin
drawn on
is,
market.
cent, percent.
2
1%®2
s
of
months.
rate
Amsterdam
amount
vsry limited, and the trade now perceive that supply and demand
are likely to be rather too nicely adjusted throughout the Winter
Bank
$
8t. Petersburg
which appear considerable, but which are by no means in
excess of our actual requirements. The falling off in the deliveries
of home-grown produce, compared with last season, is now
rather
important, being about 306,000 quarters, in addition to which the
quality and condition of the produce are poor.
Our stocks are
afloat,
are the current rates of discount at the leading
abroad
Paris
XXV.
Without reckoning the supplies furnished ex-granary, it is computed that the following quantities
of wheat and flour have been placed upon the British markets
Clearing House returx.143.876.OO0 135,621,000 129,724,000
cities
HKd.
80,S12,UOO
IVol.
i
charge on goods puichased.
The defendants contended ihat they were
entitled to add wh-t they lik. d to the charge for convening grey goods
white goeds. provided they did not charge more than the mark ift priceInto
for
white goods; but ihere was no such custom of the trade, and these overcharges he must characterize in the same terms as iho others. In
some
inatar.cns tho defendants used the plaintiffs' bills, and to
a considerable
amount, and itwas uggested that the defendants were the plaimiftV bankers
and then that by mistake the plaintiffs' bills were mixed with bids or
their
own, and all discounted together but, in his lordship's opinion, it was not
a
mistake, but a fraudulent use of the bills. His lordship made an
order
opening the accounts, limiting the liability of the several defendants lo for
what
took place during the time they were respectively partners,
and directed the
defendants to pay the costs of the Buit,
•
:
Less disposition is shown to sell wheat, and during the last
few days choice qualities of produce have realized rather
more
money. Nearly 1,500,000 quarters of wheat are estimated to be
1877.
Wheat
cwt. 15,807,146
Barley
S,I1*,951
2,838,546
Oats
Peas
Beans
511,376
1,166,644
7,133,819
IndianCorn
Flour
1,
-.91,121
1876.
9,107,0"5
3,456.865
3,139.852
426.958
1,214,684
11.065.70S
1,565,666
1874.
1875.
17.5')3.S69
1!, 645,119
2,991,716
2,592,135
277,478
982,383
4,572,300
2.373,086
375,610
682,176
3.252,282
J, 27 1,302
5,785833
!,
510,440
KXPORTS.
Wheat
cwi.
Barley
Oats
Peas
....
Beans
Indian Corn
Flour
555,897
23,318
42,464
5.938
7.237
tO
•13,075
11.830
Notwithstanding that for
operating with
.20-3
3.1.
40,591
6,455
10,713
149,930
13,102
political reasons
',< Oi
7, 167
72,414
4,147
3.252
7,569
4.513
6
Freuc
i
109,279
50,018
23,394
5,459
763
31.361
21.448
buyers are
great caution, the public sales of colonial wool
and the opening improvement of ^d. to l^d. per lb. is steadily supported. The improvement is due almost entirely to augmented homo purchases. It
are progressing with moderate spirit,
appears that after tbe economies which, for a variety of reasons,
have been enforced upon the community for some years past, th»
position of the public has decidedly improved, and with the advent of winter and with wool at a low price, increased purchases
have been made. The heavy stock of goo's in manufacturers' hands
has in consequence been considerably reduced, and the way seems
thusm^re clear to making increased purchases, f the raw material.
Our imports of wool this year have been the largest on record,
and the same may be said with regard to our exports of the raw
but the shipments of woolen goods have fallen off.
more to woolen goods worked up with
other materials than to pure woolen manufactures. This is nn important feature, which may be attributed to the fact that ihe raw
material
;
This, however, applies
material
is
cheap.
The accounts
received regarding the Aus-
little effect has been
produced either here or in Australia, the reports transmitted to
Low prices seem
this country would appear to be exaggerated.
to have had a depressing influence upon the authors ol commer-
tralian clip are not favorable
;
but as very
cial reports in Australia.
London Mining Market.— In
reference to this
market,
th.9
Mining World says: "Business has been very dull during the
week, but tin shares have slightly improved. The shares principally dealt in were
Cam, Brea, Dolcoath, South Caradon,
Van, East Van, Great Laxey, North Laxey, Rookhop^, Parya
—
Mountain, Wheal Grenville, Pateley Bridge, West Pateley Bridge,
Great Holway, West Tolgns and Devon Great Consols.
"In Foreign and Colonial Mines aconsiderable amount of business has been transacted in Richmond Consolidated, Eberhardt
and Aurora, Last Chance, Flagstaff, Cape Copper. Linares,
Chicago, United Mexican, New Zsaland Kapanga, Froutino and
Bolivia, and St. John dol Rev."
UeoEMDKR
THE CHROtflOLK
16, 1877.]
English
Keporte— Per Gable.
iTIarlcet
Previously rcoorUd
markets of London and Liverpool for the past week hare been reported by cable, aa shown In
The
inily closing quotations in the
bullion In the Bank
Kiiglaud has increased £1310,030 during the week.
Tncn.
Wed.
Thar.
Sat.
Moo.
Prl.
45 6-18 96 5-16 BSJ*"
»V.'
Consols for money.. 93 5-18
B $-14
"
account., tt, 9 18
95 1-16
94 5-14
95 9-16 !»K
95 !-18
109','
x!i5J<
105«
C.8.«s (5-10s) 1SS7....W9V
109)4
105V
U. S in-«e*
108*
10SX
WSK
>°8X
1*3 V
108V
107U
5sofl"'SI
107*
10?*
t0«M
103V
105*
10SV
N«» l.V<
105V
104V
105V
101V
Liverpool Cotton Hirktt.
dee special report of cotton.
Liverpool Breadstufi* Market.
Mor. Tnefl.
Wed.
Thar.
sat.
Prl.
MV
.
—
fjbbl S9
Wheat <R. W. spring). »3ctl
" (Red winter)
"
" (Ay. Cal. white).. "
White
—
d.
s.
Floor (extra Siate)
s.
10
1J T
IS 10
quarter 19 8
auartor 31 3
7
10
21 8
1-2
9
—
Bosln (common)... fllcwt..
"
(fine)
d.
10
lltf
(spirits)
TV
n
s.
S.
d.
Be*ar(No.l2 D'ch std)
on spot, f) cwt
Linseed
oil.
U
8
O
3
s.
83
Co
35
43
84
u
S9
88
9
s.
(l.
8
86
63
85
43
64
C
Tnnr.
d.
53
53
UK
1>V
7V
7V
40
25
7V
40
Taes.
£
d.
8. d.
«
9 10
53
8
23
6
9
Wed.
Thar.
£ 8. d. £ 8. d.
9 10
52
6
78
36
2S 10
9 10
51
6
S3
76
38
28
6
23
78
36
23
s. d.
9 10
51
23
8
'6
36
23
5
6
6
o
5
anb JilisceUaneoua News.
—
Impouts and Exports por thb VVbek. The iuiDorts last
week showed an increase In both dry goods and general
Imports were $5,738,487, against
15,432,058 the preceding week and f 4,718,535 two weeks preTloos. The exports for the week ended Dec. 11 amounted to
$8,583,197, against $6,869,561 last week and $7,434,413 the previous week. The exports of cotton for the week ending Die. 13
The
merchandise.
total
were 9,343 bales, against 9.6G1 bales the week before. The following are the imports at New York tor week ending (for dry
goods) Pec. 6 and for the week ending (for genera' mer©banliee) Dec.
7:
rORKIGN IMPORTS AT
N8W TOBK POR TUB WXXK.
1874.
Dry goods
$831,354
General merchandise.
1,600.000
1875.
Sl.nSl ,8"0
8,876,713
1878.
1761,13)
3.093,465
$5,831,838
36>,146,548
14,90 !, Ill
316.141,233
$3,362,503
28!,S;0,818
1870,677.836
1111415,149
1235,873,436
ToUl for the week.
Prevtoasly reported. ...
SinceJan.
1
$302,797,586
of dry goods for one week later.
The following is a statement of the exports (exclusive of specie)
New York to foreign ports for the week ending
from the port of
Dec. 11:
IXPOBTS PROU NSW TOBK POB THB WEBB.
1874.
16,511.813
161,321,960
1875.
$6,5i0.930
233.010,333
164,591411
1877.
18,531, t
270,659.265
$275 881,773
$215,481,232
$?61.253,6M
$277,112,462
Previously reported....
SinceJan.
1
The following
New York
for
1873.
$6,662,540
W
show the exports
the week ending Dec.
of specie from the port of
8, 1877, and also a com.
with the corresponding totals
will
parison of the total sin-e Jan. 1
for several previous years
Dec. 6—9tr. Wieland
London
Amer. 'liver bars.
Dec. 8— Str. Hermann
Southampton ....Mex. gold coin
Mex. silver burs..
London
Amer. sliver bars.
$70.f03
Total for the week
Previously reported
$99,538
:
Totalalnce Jan.
Same time In
1870
ll.741.sai
8.170.744
JJJS
la.jio.sM
£::::::::.::::::::::;::;
J«M
1874
!S*
187J
1871
6,.'05,'88
$11,318,491
14.174.I6J
1888
&®
9.3.M99
8,!62,509
The
transactions for the
week
at the Hub- Treasury
have
as follows:
r—
Dec.
"
8...
10...
"
11..
Oold.
$263,000
$278,3*3 81
811,80; 61
885,039 81
§U : so
815,500 00
880,173 89
311.000
130.000
133,000
841,000
•49,801
12...
18...
•'
"
14...
Total
Recelpt*.-
Customs.
$1,539,000
Balance, Doc. 7
Balance. Dec. II
Payments.
as
Corrrocy.
Corn
Currency.
•OoM.
$OT.3*>94
$51 1. 515 37
781,391 41
178, Ml 91
i,ism0i
;.-.
m
188,144 17
4 .9,365 50
$443,893 ||
3'*,463 K7
931,918 71
l.Mi.mi 41
5 57 ,778 69
556.180 80
1,021,983 31
311.943 14
731.191 2}
114,789 64
33 ',935 61
$1,744,631 90
$1,693,111 19 $1,591,351 88 $4,171,113 78
113,593,625 87
101,768,110 44
39,7f8,73l 43
39,28:,7J0 98
From
we have
the Comptroller of the Currency, Hon. John Jay Knox,
the following statement of the currency movements and
Treasury balances for three months past
U.S. Bond* held at ucurUyfmm Nat. B'k».—
Sept.
Oct
Nov.
Bonds for circulation deposited
$3,604,700
$
$1,768 500
Bonds for circulation withdrawn
2,:88,900
2,68M60
Total held for circulation
388,001,460
84\1 30,630
Bonds held as scrurlty for depo its
15,208,000
143"30CO
576,000
171,600
Total now on deposit, Including liquidating
banks....
14,486,!>53:
Retired under act of January 14, 1875
1.061,232
Total retired irdcr that net to < ate
35,086,063
Total amount of greenbacks outstanding. 358,914,981
National Bank Circulation.-
11987,104
8,180,604
80,850718
351.S40.ti8
.«-*•=»
1.326,510
8,938,3:6
Circulation retired
595,599
Total circulation outstanding—Cnrrency... 3!5.K91,949
1,886797
319.219591
Gold
,.__,
Notes received
for redemption from—
1,433,120
1,412,120
Philadelphia...
Cincinnati
3,863.000
7.087,000
695.roo
101,000
Chicago
Miscellaneous
3,453,0CO
4.911,000
7,887,000
973.000
71,000
141.080
3,483,000
New York
Boston
318,00
Total
Treas'iry Movements
$15,441,000
—
Balance in Treasury— Coin
Currency
Currency held for
demption of
Com certificates
$
$17,340,000
133.970,214
8,818,396
119,1
14,308,417
re-
frac-
tional currency....
1,804,008
31,39:. 408
8,833,408
outstanding.
Scdalia City (Mo.) Bonds.— The holders of the City of Sedalia
(Mo.) bonds have offered to surrender to the city its bonds bearing
10 per cent interest, and take instead an equal amount of five
per cent bonds, to be issued under the new funding act of Missouri.
This was done because of the burdensome debt, depreciation of property in the city, and the hard times.
By the arrangement the principal of the debt is preserved in
full, the new bonds have additional guarantees under the present
funding laws, and the city, it is said, can meet the now bonds
with promptness and unquestionable certainty.
At a meeting of the Sedalia bondholders, held ia Boston, tills
proposition was unanimously approved by the representatives of
a larger part of the city debt. Messrs. George Wm. Ballon & Co.,
bankers, No, 8 Wall street, New York, and N>, 73 Devonshire
have been appointed fiscal a;ents to receive the •
new bonds and make the exchanges, from whom bindholders can
learn full particulars.
Tennessee State Debt.— The Legislature has shown a decided
unwillingness to settle with the bondholders at 60 per e>-nt. On
the 11th instant Govermr Porter sent a message to the Legislature announcing. the receipt of assurances from crelitors of the
State that they would modify the propositions of arbiters, as submitted in his proclamation calling the extra session, so as to
make the basis of the settlement of the Sate debt fifty cents
instead of sixty. He recommended an adjournment sine die in
order to convene the Legislature in a second extra sessioa to conThe Legislature thereupon adsider the latter proportion.
journed tine die at 3:o0 P. M. and convened in second extra session at 4 o'clock by proclamation of the Governor, who seat
in his message next morning in relation to a modified proposition
8,500
1,048
30,003
25.27S.1&7
from the State's creditors.
Tirglnla State Debt.— In the Senate, December 10, a series
of resolutions were introduced, opposing increased taxation, favoring the development and protection of the present system of
public education, a relnction in the expenses of the State government, a r-a'ijustm-nt ot the State debt, and payment »f the
creditors of the
interest thereon on terms not dictated by the
opposing
8tate but in accordance with the will of the people
deterthe operation of the funding act of 1871. expressing a
ol the
mination to pay creditors all that tho diminished resources
Thesa
State will justify, and repelling the idea ol repudiation.
were tabled and ordered to be printed.
—The long-eBtablished cotton firm of Nourae A Brooks, which
was dissolved a short tiino since by the death of Mr. NottrM. has
at No. 97
been succeed-d by the new fir.n of Waldton A Tainter.
Both have a thorough hnowledge of all the details
Pearl street.
of a host of friends Tor
of the business, and have the best wishes
;
1.
1877
1876
1875
US74
IB73
1872
1871
$25,377,776
Same time in—
142.812.417
67.9M.143
51.3H.2S4
48.110 789
89.0:6,437
61, 131,146
1870
1369
$57,811(91
30017.211
1868
1367
1866
6!l,817,«46
47.093911
00 19! 607
The imports of specie at this port during the same peri ;ds have
been aa follows
:
Dec.
6— Str. Tybee
Puerto Plata
Amer. gold
Amer. 'liver
Dec.
6—Sir.
Hivani
Foreign gold
Amer. gold
Foreignailver
Niagara
Dec. 0-8tr. Cily of Vera Cruz.
Total for the
J
street, Boston,
In our report of the dry goods trade will be found the imports
For the week
r>|
Flanatimaln —
$17,787,616
New circulation Nsued
Prl.
£
•.. -••••••••• $jl*>, Vi,.
.
Markets.—
s.
•*•*•* IiiM
1874
d.
10
11V
•
Legal Tender Notes.—
Deposited in Treasury under act of Jane 20,
Prl.
e.
10
40
55
8
Prl.
d.
8
s.
7V
4
12 7
IS 10
Wod.
IH'i
6
18
11
a. d.
53
40
S5
4
Thar.
10
7V
23
76
36
28 10
...¥ ton S8 10
©cmmemal
53
1'V
40
52
.76
w tun.
" .36
Sperm oil
Whale oil
d.
s.
39
7
IS 10
J9 8
3* 9
d.
6
s.
10
900
Lins'dc'ke(obl).«J tt. 9 00
Linseed (Cal.) $ quar. 53 6
9
Toes.
d.
Mon.
Sat.
£8
61
10
Pdtroloum(renncd)....«tra!
S
6
13
s.
Tallow(primeCity)..S cwt. 40 3
" 15
Bplrits turpontlne
London Produce and Uil
£
88
56
88
5353
s.
d.
8
s.
1671
Bamo time In—
d
s.
li
12
Wed.
Tnes.
Mon.
Sat.
4
IS 1
15 10
61
—
81
10
12 7
IS 10
81 8
38 9
61
5i
37
"
43
"
61
Liverpool Produce Market.
10
43
88
Pork (W't. mees>ncwDbbl 5?
Bacon (I'k cl. m.lnew J twl 37
Lard (American)....
Obeose.Ara. Unci...
4
d.
s.
88
81
56
33
43
87
..
d.
s.
11
d.
s.
d.
11
Mon.
Sat.
s. d.
.
2
li
Cora (n.W. mix.) $
38
Peas (Canadian) ¥
Liverpool Provisions Market.
fl te.
s.
30
10
10
club)... "
Beef (prime mess)
d
SIS
6
2
;I4.I*MI6
1,
8
:
J
(C.
Total since Jan.
™
summary
London Monty and Stock Market. — The
the following
Ml
week
..
Vera Cruz
$5,100
.
.
.
...
34.813
4,5(0
l.««l
2,600
$36/41
'lit'ir f ucct*3ff,
ha*
—The Chicago Bock Island 4 Pacific Railrosd Company
February
declared a diviiend of 2 per aent. payable on and after
Transfer books close December 1».
1, 1878.
THE CHRONICLE.
586
bankers'
€f)e
Closing prices at the Board have been as follows
®a?ettc.
Dec.
Int. period.
NATIONAL BANKS ORGANIZED.
The United States Comptroller of the Currency furnishes the
following statement of National Banks organized the past week
*,871— Second National Bank, Richmond, Ken tacky.
Authorized capital,
$1VM 00 prid-in capital, »90,0
W. M.Irwin. President; J. Stone
Walker, Cashier. Authorized to commence business Dec. 7. 1877.
:
i».
;
DIVIDENDS.
The following dividends have
Pacific (quar.)
.
.
.
Fitch urg
Lehigh alley (quar.)
Morris & Essex
New Y..rk
Central
& Hudson
(quar.) ...
w York & Harlem
Richmond & Petersburg
On dem'd
3X
-
N.
2
F
354
Jan
1,
15.
1
Jan
sy,
Jan.
2
i
i
Jan.
Jan.
Jan.
Hi
Jan.
Jan.
miscellaneous.
Atl.
&
Pac. Tel. (in Franklin TV!, stock).
Western Union
(quar.)
,
b.
FRIDAY, DECEMBER
Dec. 16 to Jan.
in
1
2.
14.
3.
Dec. 21 to Jan. 4
Dec. SI to J an. 15
18T7-5 P.
HI.
The Money
it now appears tbat the silver bill is not likely to be
at all, until after the recess of Congress, which would
postpone the matter till about the middle of January. It is
hardly to be disguised that the defeat of President Hayes on a
mere political question as to the
York Custom House
although
not calculated to strengthen the cause of sound
Congress may now vote in
with a veto, where before
themselves in that position.
Savings Bank, the largest
institution of its class in New Jersey, has had a depressing effect
on depositors there is no allegation of fraud or peculation in
the management, but the single transaction of a sale of $3,000,000 government bonds in 1S73, and investment of the proceeds in
railroad bonds, is given as the cause for all its difficulties. Today, Mr. Wm. J. Best was appointed as Receiver of the National
Trust Company of New York.
In our local money market call loans have ranged quite steadily
at 4@6 per cent, on the bulk of business, to dealers in government
bonds and railroad stocks. Prime commercial paper is in demand
at 5@6^ per cent.
The Bank of England statement, on Thursday, showed a gain
of £312,000 in specie for the week, the discount rate remaining
at 4 per cent.
The Bank of France lost 9,100,000 francs.
The last statement of the New York City Clearing House banks,
issued December 8, showed a decrease of $1,417,800 in the excess
above their 25 per cent legal reserve, the whole of such excess
being $8,245,625, against $9,663,425 the previous week.
The following table shows the changes from the previoaiweek and a comparison with the two preceding years
is
money, as some ignoble spirits in
favor of a measure which will meet
they would not have cared to place
The embarrassment of the Newark
;
:
—1877.Dec.
Dec.
D.c.
1.
8.
$239,429,600 $238 578.8J0
Specie
18,324,030
18.995.000
Circulation ..
lf>,i;0,35O
18 208,300
Met deposits.. 198.9(11.500 196,912,300
flWU tenders. 40,579,800 38,478,700
—
1876.
1875.
Differences.
Dec. 9.
Dec. 11.
.
$148,600 $288,681,000 *268,8!l ', 4jJ0
.
6;l.'>00
22,9a3,400
10.539 400
.
98,000
15.032,100
19,118,3
Dec.
49.200 204.850 810 806,966,900
Dec. 2,101,100
43.32ty.Hi0
86,373,900
Inc
I uc
Inc
United states Bonds.
Government securities have de
clined a fraction during the week, except for the currency sixes,
which are stronger, and the sixes of 1881. The Stock Exchange
now calls the currency sixes by the years in which they mature,
there being five issues, maturing respectively in 1895, 1896, 1897,
1898, and 1899.
It is obvious that the silver propensity cannot
be favorably regarded abroad, and as soon as they think in London that silver will actually be made an unlimited legal tender
here for the payment of government bonds and everything else,
we may expect to see bonds cent home. The Journal of Commerce gives the following in explanation of the recent call for
five-twenties
It has been a matter of snrprise to those who have watched the government
market closely, that the syndicate should subs ribe for $10,000,000 four per cent
bonds, as it is reported they have done— thereby enabling the Treasury to call
for $10,OTO,000 five-twenties— with the market price of four per cents below
->ar iu go d. and no sharp demand for them.
•
*
*
It is said that when
fthe suoscripiions for the four per cents were closed to
the public in October
last, the inquiry for the bonds was so sharp and the prospect for
the ready
sale of more of them looked so encouraging that the syndicate determined
to
advance the price to y, er 1 per cent, premium. The officers of the First National Bank, having been instrumental in disposing of a very large proportion of these oonds. desired. It is said, th it, before the price was advanced
by
the syndicate, they should hive the privilege of subscribing for an additional
$10,00li,0,)0.
This reque-t was complied with and the subscription was made
The First National Bank then, as is alleged, instead of purchasing go'd with
which to make their settlement with the Treasury, bought abouff 10 000 000
uncalled "Andys" (five-twenties of 1865), and as the fours were demanded
bv
them from the Treasury, they desired to turn in these "Andys" in payment
To this the Secretary is said to have objected, but finally permitted the bank
to deposit the "Andys" as collateral for the coin, called bonds or
coupous
which only could legally be t-.ken in adjustment of the transaction
Now in
order to enable the First National to release their collate. als, the
Secretary
o«.n.wiy
calls
for $10,u00,000 "Andys."
Closing prices of securities in London have been as follows:
30.
D. 8.
V.
6s, 8-20s.
S. 58. 10-408
New
New
1867
5e.
4*4 per cents..
.,
I
I
Dec.
Dec.
7.
14.
10BH
109'/,
10854
107
lt9
101*4
104-H,'
106V
105*
10854
106*
^4*4
Kange since Jan,
in, I T7.T7.
Lowest.
Highest.
|
i
and
January
It till
"ox
14.
K3!4 103'-,' 103*4 *102S£ 10354
10654 10054 106*4 10554 106*<
*106!4 10HH 105',*10554 •10554
109"4 103,54 10i>; 10H*4
108V
*10S5i *10S*4 »108*4 »107
108
111** •111*4 111*4*110
1 i(i*4
•108<i •10t'< I0K54 *107*4 •107
V
•108*
106*
10851
10-.5J
10754*107
107*4*101
10654
10454
104X
•108K'
103
—
road Bonds. Louisiana consols have been
and are higher here than in New
at 85^@86,
105H Dec. 14
1
107
I
li-5*i
Oct. 10
April 25
I
1C2>4
May
1
16'
110* Feb. 6
110* Feb. 6
109
July 11
10654 Aug. 7
21, 1878.
—By order of William D.
Shipman, assignee of Messrs. Duncan,
at auction on
Sherman & Co., a large list of securities was sold
Saturday, December 8, including the following
:
SHANKS.
530
10
BONDS.
55 Bull's Head Bank stock
50c.
100 Railway Adv. Co. stock
10c.
c5 Railway Adv. Co. trustee cert.
stock
$10
124 Paterson & Ramapo RR. st'k. <*7*4
S Erie & Pittsburgh RR. stock. 89*4
& Cin.
first class
Btcck; $142 Mar. &
cin. RR. first class pref.
scrip
$450 per lot
50 Staten Island Warehousing
Co. stock
$155 per lot
RK
591 Mar.
pref.
BONUS.
$.20,000 Mobile Ala.
& Grand
first mort., due
coupon attached,
Trunk RR.
1901; first
due Ju'y 1, 1875
$200 per
Mob. Ala. & Grand Trunk
RR. first mnrt. scrip.. $-.'5 per
1,500 Erie & Pitts. RR. first
mort., due u ti'Y, 1882; int.
lot
1,195
lot
$l,f00 Erie
Pitts.
conso!.
mort., due 1898; int. 7 per
cent
$85
1,000 Siate of Ala. bond, class
"O," due 1906; int. 2 per
cent to Jan. 1, 1881, after
that 4 per cent
$4354
4.C00 Buffalo & N. Y. City RR.
bonds, payable 1863; int. 7
p. c; coup's attached commencing June 1, 1854 .$5 per lot
1,400 Manhattan Club bonds,
payable 1-92; int. 7 per
cent two bonda of $7f ea $8754
Col. Chic. & Ind. Cent. RR. coupons, due April 1, 1875, two
of $35 each; Chic. & Can.
So. KR. coupons, due Apr.
1, 1875, tno of $4 90 each,
gold
$6 per lot
$5,000 Oregon Cent. RR. 7 per
cent bonds, due 1906
$16
370 Atlantic Mut. Ins. scrip of
;
187*
102*4
500 Commercial Mut. Ins. scrip
of 18'6.
86
7 per cent
$96
Pitt-. RIt. second
2,203 Erie
mort., due 1890; int. 7 per
&
cent
RR
&
North Pac. Trans. Co. stock.. $5
Long Branch & Sea Shore
Imp. Ass'n slock
$5
$95
Messrs. A. H. Muller
& Son
SHARES.
20 Knickerbocker Ice Co
80 Second Av. RR
75*4
65@6ti
10
& Rome RR
Watertown
54
Y. Gaslight Co
121@!20
Manhat'n Gaslight Co.210>nt«210
WON
4COrimtalBinkof N.
sold the following at auction
Y
10 Guardian Fire Ins
83
5N. Y. City Ins
6554
30 N. Y.
Southern SS. Co.,
&
$25 each
Mech. AS Traders' Nat. B'k...ll0
Manhattan Fire Ins. Co
142*4
Furragut Fire Ius
126
Mech. & Trnd»ra' Ins
160
40 Tradesmen's Fire Ins
151*4
20 Produce Exsh. Ins
80
5 Continental Ina
150*4
47 Citizens' Gaslight of B'klyn. 85
Drovers' K'k..l08
25 Nat. Butch.
20 Nat. Butch.
Drovers' B'k.. 10754
50 Twenty-third st.
99*4
13 Resolute Fire" Ins
60
10 Commerce Fire Ins
60
2.5 Gebkard Fire Ins
60
RR
Mining
each
150
.
$1 per eh
600 Idaho Silver
24
10
2J
50
&
&
:
SHARES.
17
$5
Co.,
15c.
per eh.
BONDS,
$S8,0C0 Montclair & Greenwood
Lake 1st mort. 7 per cent
Constr. bonds, duo 1906;
coupons of Aug., 1877. on. 43
1,000 Trustees' Certificates 01 the
Harmony Mutual Coal Co. 20
400 Riddlesburg Coal & Iron Co.
6 per cent mort. bond
20
.
2,000
O.uaha
&
Northwestern
RR. iBt mort 7 3-10 gold
bonds, due 1901; Jan., 1875,
coupons on
8454
Closing prices of leading State and Railroad Bonds for three
weeks past, and the range since Jan. 1. 1877. have been as follows:
Nov.
:
Nov.
lorif
110% '11054 *110
Orleans.
Alabama, class A, sold at 43. South Carolina consols
are dull but firm, with sales at 66J.
Virginias are in fair demand, with sales at 57^@57} and 58. and Pealers at 42 bid.
From Tennessee, the news that the Legislature is opposed to the
60 per cent scaling has had a bad effect but bondholders hope
now to get a settlement at 50 per cent.
Railroad bonds have been fairly htld on a moderate business.
First mortgage bonds are most in demand, and the prices of
these are generally strong. The Erie road is noticed for sale
New
Loans and die.
& Jily.«103*4
& July. 106'-,'
& July. 106*4
& July. 109?4
& July. •108k
coup.. Jan. * July. 11154
rcg..Mar.&Sept.*li*J4
coup. .Mar. & Sept.*108;4
reg.. Jan.
coup... an.
.. .reg. .Jan.
demand
fair
if
appointments,
Dec.
13
107
12.
107*
;
14.
Market and Financial Situation. I n financial circles there is no material change in the situation.
Attention is still concentrated on the silver discuesions in Congress,
passed,
Dec.
11.
10754
108*4 "107 54
107*4 «l(6's
5s.
107
106^
l*4s, l.Mitl
reg.. Quar.— Mar. 105*4 * 105 *4 105*4
10414
104J4
1*48.1891
coup. .Quar.— Mar. M0S
105*4 '105
"10454 104*4
4s, registered, 1907
Quar.— Jan. 103*4 *I03*4 *103
102% 102*4
4s, small coupon
Quar.— Jan. *H3*4 103J4 *10-')54 •1C254 103
reg.. Jan.
*120
63, Currency
July. '120
M20 »120 »12054
• This ia the price bid: no sale was made at the Board.
State
2.
15.
!0?*J 107*4
Ill
*11054
:
Dec.
&
1.
I."..
& July.
& July.
Dec.
10.
funded, 1881
reg. .Quar.— Feb. 107*4
funded, 1881... coup. .Quar.— Feb. 107
5s,
Railroads.
Augusta & Savannah
Chicago Kock Island &
Jan.
..
Dec
6.
8<, 5-20s, 1865, n. i... reg. .Jan.
6', 5-2(18. 1865, u.i.. coup.. Jan.
58,10-408
:
When Books Closed.
Payable (Days inclusive.)
Per
Cent.
coup.
5s, 10-408
recently been announced
Name of Company.
reg.. Jan.
68,1881
65.1881
Called bonds
6-1,5-208,1867
6s, S-30s, 1867
6s, 5-20s, 1868.
6 <, 5-208, 1868
xxv.
[Vol.
States.
Tennessee
do
6s,
6s,
30.
old
.
new
Sort h Carolina 6s, old
Virginia 68, consol
do
do
2d series...
6s, long bonda
Columbia, 3-658 1924
Railroads.
Central or N. J. 1st consol.
Missouri
District of
Central Pacific 1st. 6a, gold
Chic. Burl. A Quincy consol. 7s
Norlhwest'n, cp., gold
Chic.
Chic. M. & St. P. cons. a. fd, 7s
Pac. 1st, 7b
Chic. R. I.
Erie 1st, 7e, extended
Lake Sh. & Mich. So. 2d cona.cp
Michigan Central, consol. 7s. .
Morris
Essex, 1st mort
Hud. 1st, coup...
tf. Y. Cen.
Ohio & Miss., cons. sink, fund
Pltteb. Ft. Wayne
Chic. 1st
St. Louia A Iron Mt.. 1st mort
&
&
&
&
&
Union Pacific 1st, 6a, gold
do
sinking fund ....
•
This
is
48
•46»4
20>4
•4254
•107*4
7454
Dec.
Dec.
7.
14.
44
•42%
•43*4
•19
•TO
•6654
65*4
10754
112*4
9**4
9354
1OTJ4
•108
•110
x!)2"'
9354
•108*4
•111
«M
•68
•40
107
•7554
the price bid: no gate was
103*4
H'6',4
\
made
lh>4
8J54
38
101
71
Oct. 25 S-.Ji Jan.
April S 82*4 Apr.
Jim. 16 45
Apr.
Jan. 23 109*4 June
Jan. 2 80
June
1
6
2
11
5
21
50
Mch. 5 85 Jan. 5
10554 Oct.
4 11054 June 11
106
Mch. 16, 11254 Nov. 27
9254 8O34 April 11 96^ Nov. 21
Jan. 26 94*4 Dec. 18
94J4 "8
Feb. 28 112 June 29
108)4 106
109
Jan. 15115
June 29
July
93
102
May 10
•105
100
May
10754 Oct. 31
•115
113
Feb.
June 7
118
119
•94
,
41
66
108
10554 1C5J4
•115
•120
•12054 •121
99
120
103*4
107*4
95*4
Since Jan. 1 1877.
Highest.
Lowest.
Dec. 8 48*4 Nov.80
Dec.
47«
IV
Not. 27
41J4
1
•if*
•41*4
107
•7454
,
"
114
Mch.
81 14 June
117
Jan.
121
May
100
122
Dec.
24
4
June23
V
July 12
102*; 92>4 Mch. 22 103
Jan. 9I10S54 June 18
107.S 103
ten Feb. 6
94J4 92*4 Mch.
u
at the Board.
Bailroad and Miscellaneous Stocks.—Business in the
stock market has been at a minimum, and prices close fairly
steady. An important event of the week was the meeting of coalroad officers on Thureday, to consider the proposed agreement
December
THE CHR0N1CLL
15, 1877.J
for a combination (or three years, to control prices and producThe agreement was submitted and
tion till January 1, 1881.
discussed nt aomo length, but the mooting finally adjourned until
Tueoilay next, without taking action.
the eventa calculated to inlluonce stocks, is the reported organization of a new
telegraph company, with $10,000,000 capital, to build lines
between prominent cities, and work k. opposition to Westera
concluded that this project is undertaken by parties
Union. It
Among
U
a mine of wealth in the manipulation of Western
Union stock through the former opposition of Atlantic & Pacific.
The Western specialties among railroad stocks close higher today, and Lake Shore and Michigan Central also higher than they
W«M in the mi.ldleof the Week. The outlook for both classes of
roads seoms to be pretty fair the western roads will make a
good exhibit lor the year, and the trunk lines expect to make
money, on the present basis of freight rates, during the next six
who have found
—
months.
The full statement of earnings and westbound freight rates
are given on another page on east-bound freights no change has
been made, and the meeting at Cleveland confirmed the previously existing schedule.
The llock I-Und quarterly dividend of 2 per cent has been
declared, payable alter February 1.
The daily highest and lowest Drices have been as follows:
Baiuraay. Monday. Tuesday, Weunes'y, Thursday, Frtday,
;
Dec.
Dec.
n
2.h
At. ft I'ac. Tel.
Central of N.J
18ft 14*
Chic. Burl .AQ •101X 102X
I).
4
Mil.
35
St. P.
do
pref.
ft North.
pref.
do
C.K.I, ft I'ac.
Del.* II. Canal
Del. L. ft West
jou
itrfi
65
SIX
6SX
100* 100X
Han. ft St. Jos
do
pref.
Harlem
32
51%
9X
9X
9ft
l'ft I'V
26ft 2?X
•.... 147
7*
11*
UX
24)4
24X
Wab. P.C. Rti
Union Pacific.
78X
8ft
21
'.... 126
15
15X
«7X 67X
76 X 77X
67X 67V
7«X 77X
Weal. Un. Tel.
Adams Exn...
American Ex
n
98
*....
•4«
48
•S«X 87
'"
do
ITS
nx
pref
* This la the price bid and asked
Total sales this week,
1876. were as follows:
»31
no
sale
A
Chicago
do
Chicago Rock Island A Pacific.
Delaware &, Hudson Canal
Delaware Lack. A Western
Erie
Hannibal A St. Joseph
.
do
pref....
Morris A £«sex
N. Y. Central A Hudson E:ver.
Mississippi
Mail
Pacific
6
Panama
Wabash Receipts
M
1
87ft
82ft
25ft
4ft
7
17
40'/,
45
35ft
51V
....
Adams Express
American Express
United Slates Express
wells, Fargo & Co
SI
26
145
9X
26
147
•72X ....
5<X 60X
56X SIX
74
74
8X
S?
•!6X
98
•93
9SX
50
•....
51
49
86
17
31
31
II
\
•46X
•86X
1
98,420
...
378
303
[
23
I
Highest
Low. High
Mch.
8 25
Jn>-e 11 37ft Jan.
Mch. 19 18ft Jan.
22
20ft 10«ft
112ft 121ft
18* 46ft
49ft 81X
31ft 45ft.
55ft 67ft
42ft Oct.
72ft Oct.
43ft Oct.
Apr.
(i9X Oct.
Apr. 23, 105ft Oct.
June 13 74ft Jan.
June 11 ~
77
Jan.
Apr. )l 13
Oct.
Apr. 17 KTi July
Air. 17 83ft July
Feb. !9 147
Nov.
Apr. 2 7!)
Oct.
Apr. 23 73J{ Oct.
Apr. 2 74)iOct.
June 13 <32% Jan.
MM
a
98\ Hlft
6114 125
l
85)4 Apr. 23 100& Oct.
24 July 7 11 % Oct.
12ft Apr. 3 2«X Aug.
SO
Apr. 3 130
Mch
Jnne
2)>4 Oct.
Jan.
16
Mch.
73
595i
56
Apr. 4 84X Sept
91
Apr. 23 1.5
Jan.
43ii July 3 603a" Feb.
36
Apr. 27 50X Jan.
81
July 25 90 June
4
073
1,
13d
61!', 120ft
7H\ *J«
3
3
15
15
8
15
12
8
15
24
10ft
18ft
22ft
33ft
145
60jjil03ft
48ft 68ft
!
1S0X
34X
65X
HI
93
5
106
16X
.
.
..
.
..
1
i
8
Total
30,009 307,635
Whole stock
The
pref. Shore. Union.
2,8f)9
2,809
86.850
86,850
5,950
5,900 06.651 25,000
4,000 52,100 31,550
7,400 52.a>0 13,300
2,800 39,375 1I,»:0
11,710
98.120
Paul.
2,600
4,200
8,700
3.700
8,212
6,419
23,731
Cent.
5.000
8,600
5.240
1.800
2.410
A W.
22
140
5
8!
5'
67
60
49ft
79
7.1ft
&
lliul.
14,100
4,'39
2,600
l.bOJ
84,850 127,179
86,035
i0,'6«
1,800
2:6,063 4»4,6«5 387,874 158.992 187.:JS2 B24.000 780,030 200,000
number
of shares of stock outstanding is given in
tLo 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" fpruish the
groBB earnings from Jan. 1, to, and including, the period mentioned
In the second column.
the
total
last lino, f
>r
Latest earnings reported.
.
1877.
Atcb. Top. * 8. Fe... Month of Not.. 1 835 BOO
Atlantic & Ot. West. .Monlh of Oct.
4.5,072
Bur. C. Rap. & Nort h
.nth of Not
138,08%
Cairo <fc St. Louis
3d we-.k of Nov.
4,578
Central Pacific
Month of Nov.. l,r,B7,0uO
Chicago A Alton
1st week of Dec.
78.176
Chic. Burl & QoincT..Mcnth of Oct..
1,290,114
Chic. Mil. & St. Paul... 1st week of Dec.
149,000
Chic* Northweat.&c.Month of Oct... 1,59.",776
Chic. K I. & Pacific. Month of Sept..
798,277
der. Mt. V. 4 D.,*c. Month of Nov.
86,008
.
.
M
.
.
,
1S76.
Jan.
1
8uL. A.,BT.H.
St. L.
St. L.
sue, isi
of Not.
bri.iiBi.Mi>iith
(
A
47,. 61
A South. 1st week of Dec.
C.A North'n. 1st wei-k of Dec.
l,l«.f«7
70,186
871,718
18,956
337,213
ITO.lSt
I.&0B.1U
1,4/7. Ill
MJQUI
M8M04
48,631
(,0M(hi
8,6^.987
1,211,-72
9,888,918
l.J.5,185
B5B.I48
•Mil
MD0
10.
"i
13..VKI
556.121
MM
MM
8.070
3,5.1
188,107
81.6SO
68,130
480339
2V.6II
toMH
.VJ.lHl
BM00
A
71,4
174
m
MM
353,978
18,166
60,087
1
888371
1*7,411
478.731
»l.*ff
Ml, 13*
621.8.7
«... 23
1.141,147
4.813.918
9.103,170
81,074
1,805,(81
l,13fi,411
The uold Market—Gold
l'»Mg
8,748,787
471.804
ue.uxj
S.
I48M0*
1.840,311
•l.i !l i.
-.21
9,2-3 484
has been higher under the ii
ence of the silver discussion in Congress, but to-day fell off
again and closed at 102J. under the prospect that no vote will be
taken on Mr. Bland's bill or Stanley Matthews' resolution until
after the holiday recess.
On gold loans the carrying rates were
5. 4, 3}, 3, 2{, 2 and 1 per cent.
Loans were also made flat.
The last price for silver from London was 53| 1. per oz.
The following table will show the course of gold and gold
clearings and balances each day of the past week:
Saturday,
Dec.
Monday,
Tuesday,
Wednesday,
Thursday,
Friday,
1
-QuotationB.-
Tola!
Op'n Low, High Clos.
Clearings.
urn, ;o2ft 102 V, 102ft
102ft 101M 103 ft 101ft
$19,883.0O'i $2,107 OV> $2,168,118
14.074,000 1.098,'.l» 1.036,858
to date
.
Gold.
Currency,
98,888,000
j.M
.'»i:
8788,884
108ft 103ft
103ft lOift
103ft 102ft
i«,90o,orx-
2.12=,' 06
24,2)2.000
30,260,000
1,988,800
1,446,500
8.158,587
1.88B,8«4
1,419,758
102ft 102ft :03ft 102 Jj $131,85 -'.one
11 3,04 1,00m
102ft 102ft 102ft 109*
107ft 108
107ft !02'-.
1,787,912
t
i,si:.4:9
1
The lollowing are tne quotations
American
Balances.—,
.
103 s 103
103ft 103
!03
108
10 Ift 108ft
103ft 102ft
in
gold lor foreign and
coin:
Sovereigns
$4 86
Napoleons
3 87
4 74
X X Rcichmarks
X Guilders
8 90
Spanish Doubloons. 15 65
Mexican Doubloons
15 60
Fine silver bars
Fine gold bara
@ $4 90
@ 3 92
@ 4 80
® 4 10
Q, In 15
@ 15 60
— 98ftJJ — (7
— 96
— 8T
— 90 ^a
a — OS
Mexican dollars.
— 98 ® — 84
English silver
4 73 A 4 85
Prussian
thalers — 85
— 70
— 96ft3 — 97M
Trade dollars
Dimes A
!
hair
dimes
Large silver, ftsAfts
Five francs
.
sllv.
117
11614^
par^ft prcm.
Eichdiiif.
— Foreign
exchange is quiet, and on actual transl
actions the rates are about 4.82 for bankers' sixty-day sterling
bills, and at 4 83@4.85J for demand.
Except for the purchases
of bond importers, there Beems to bo little reaeon why exchange
should be higher, as there are more than enough commercial
bills making to supply the mercantile demand for remittances.
In domestic bills the following were rates on-New York at
the undermentioned cities to-dty: Savannah, buying f discount,
selling £; Cincinnati, quiet, 100 discount@par; Charleston, fc,
5-lfi and 3-10c
par ; St. Louis, 1-10 discount ; New Orleans,
commercial 7 10, bank i Chicago, 80 discouat, and Milwaukee,
;
par.
Quotations for foreicn exchange are as follows:
Prime bankers' sterling bills on London..
Good bankers 1 and prime commercial
cjood commercial
Documentary comnieiclal
60 days.
4.81ftfj4>2ft
1,120,3:7 1,037,5"3
840.789
2!2,S4»
1 .67.3.539 15,329.107 16,r,^9,7»5
91,881 4,22.1,950 4,677,36«
1,359.260 10,1^4,936 10 151.018
167,251 1,698,4t0 7,611,138
1,542,031
6'3.0I0 5.3)6,663 5,158.988
345,874
80,039
854,869
«4
SJftf
4
40J.4
«4ftl
1
-
85
85
85
85
9IK(
Frankfort (reichmarksi
Bremen (reichmark*)
Berlin (relchmarks)
85ft
4.88
6.20
5..0
6 90
Amsterdam (g.i .1...
Hamburg (retchm -"
911(4
...
...
nontoii Uanki— The lollowing are the totals of the Boston
banks for a series of weeks past:
Specie. L. Tenders. Deposit*. Circulation.
Loans.
A«.
Ctoar,
f
Oct.
Oct.
Oct.
Oct.
8
.
15..
2*..
29.
Nov. 5
Nov. 12.
Nov. 19.
Nov. 26.
.
Dec. 8..
De^. 10
127 1O2.7O0
2,267,203
2,119,00)
lW.SSt.SOO
2.2lt',6
188,497,500
127,^88 !0>
129 127.710
ISO.'O-iSOO
8.489,800
3.801,400
2,927,300
2.868,500
128 147,100
Not.
Not.
Not.
Not.
B.6.18,900
51.877.300
198,084.700
197,951,900
6.601,500
8,647,500
60.678.a»
34,O0.»0
6I,218,!5'1
81,013,143
bfl.S12.307
29..
60.731.184
fO.'221/Si
Bt,843.B0a
89,618 038
50.150 819
50.096.785
69,418,830
14.
19.
28.
Dec. 3.
Dtt, II
88.94i'.300
24,157.'i'0
».815,'2O0
22.
3.
51, 708,10
*4.»87,^0
2,811,503
8,004,900
Banks— The
W,'«)2,!l0.1
50,1
8.W0
H (87.300
53.175.038
47.048. 888
50,539. 1 18
44310,414
4S.7tl.719
61.358.7*8
B0.6<7,14*
47.l3-.B4t
47.3 7.383
toUls of the Philadelphia bank*
Sped*- L. Tendert. DepoalU. Clren'jtloa. Ajf-Ctaar-
S
8...
15..
23.808.0
83,9«r.700
129,14.5.110
Loans.
Oct.
Oct.
Oct.
Oct.
S.811,900
5,487,100
6,5©5,nO0
6,947,800
8,818,800
6.180,600
6,074 80)
49,458.400
43.838.800
48.4.^,800
4-.770.8<0
51.011,800
94.9rB.-0l
94,<81.5
3I.1I9.70J
PblladelpUlat
1876.
185,181
Sdara.
4.S'.. il SA
4.85
. .
to latest date.
1877.
2,t»'.^»T
1.5117
11;.'..-,
1B.SM
Francisco .4th w'k of Not..
St.L.&S.E'n(StL.div.;3d week of Nov.
"
<Ken.dlv.)..8d week of Not.
"
(Tenn.dW.)..3d week of Not.
St. Paul A S. City
Month of Oct..
Sioux CityASt.Paul. .Month of Oct...
Southern Minnesota.. Mouth or Not..
Texas
Pac fie
Month of Sept..
Tol.PeoriaA Warsaw.. l*t week of Dec.
Wabash
1st week of D^c.
Union Pacific
Month of Sept..
8t. L.
$225,793 »2,432,750 $9,982,186
91.WM
3/51
IK til
.Mt.
I.
K.
8,318,308
72.7M
Swiss (francs)
20.S20
95,800
9,900
Pad.
Pad.
SOU
.(
2-',
runs (francs)
Antwerp (francs)
01
6,578
3,168
1.S50
4,415
2.<H0
2,245
36.1!'4
l.*93.»>4
3,'«.'.or4
•47.1-8J
4.88 '.MB
-Dce. 14-
ST* 71ft
63ft. BOM
27llOO'
114
100
2,605
lb>00
Mil
888,8.1
MM84
S
5
Erie.
18,1*5
W.8IS
172.158
78.981
.
l.*li.Ol.J
41,'WI
85U.418
a.ii,M4i
A Ellzabetht'n...2dwe«kor Not.
A Memphis
Month of Nov..
Phila. A Krie
Mouth of Oct
St Joseph A Western 2d week of Not.
».»!»*•
MMM
M.«4<!
8
:
8
TUM
816,111
•8.183
.
187*.
1M.--.7
877,840
Ml
45*,iX8
.
UlMt d.u.
,
117ft
21'X
89 ft
Total sales of the week- in leading stocks were as follow*
Horthw. Lake West'n 8t.
Mich. Del. L.
Del.
Dec.
of N..t.
of Oct.
of Nov
to
tTMvTtl
8S.ua
1
I
ttffl MICIO.
171,71*
1
Month
Mouth
Mo. Kansas A Texas. .1st week or Dec.
Mobile A Ohio
Month of Oct..
NashT.Chatt. A St. I... Month or Oct...
New Jersey Midland.. Month or Oct...
Jan.
Whole
i
Momh
Missouri Pacific
Current week.
Previous week.
year 1876.
1877, to
Kansas Pacific
Michigan Central...
18
date.
1,
W'k end. Doe I.
W'kend. Not 80
Hannibal A St. Jo... Month of Not
Uonat'n A Tex. Cent Monlh of Oct
Illinois Cen. (1.1. line).. Monlh or Not
Indianap. HI. AW. ..Month >.f Not
Int. A Gt. Northern. ..3d week or Not
31
t-7
•16
It
at the Board.
Jan.
Is7(.
R8
Orand Trunk
Great Western
X
.8*
earnlbgaiwpnrud.
Rio Grande.. .Month of Not.
9
98
1«V
Lamt
1477.
A
Den».
106X 107X
77ft
1
SOX
5.950
Union Pacific
Western Union Telegraph.
5lft
9X
13X 14X
ISft
67V 67V •67X
76X 7 X 76V
•aGft
»v
126
11
Apr. 12
40ft Apr. 28
15
Apr. 13
1,450
307,635
24,850
5,110
16.027
8.525
3,360
Lake Shore
Michigan Central
A
...
..
SIX XI9V
4SX
87
S«V
Jan.
210 135
Dlinois Central
Ohio
"
15tf Feb.
606
88,731
21,704
16,600
30,0 8
4.975
20.856
127,179
26.035
2.1C0
2,150
do
pref..
Northwestern
do
pref..
do
Harlem
lii'.x
60
49
7SS
low
8V
21X 2Ix
14X !<V
67X 67X
77X 78X
—Lowest,
,
1.16C
1,271
.
A
*
do
56
lotft
6ft
21
.126
was made
10:
and the range In prices since Jan.
Shares
*
38
55
73
101
9
•98
7I«
S4X 3SX
9
146X 14SX
72
72X
68
5SV
31
Sales
of w'k.
Atlantic
Pacific Telegraph
Central of New Jersey
Chicago Burl.
Quincy
Chicago Mil.
St. Paul
86
8»
13X
71ft
51
27
41
'S6X 87
17V
49 X
UX UV
•31
# UJi
17X
100X 100 V
22
lOivwiv
35 X S6X
71
12X
•
MS
51
V
1IX
9
Sift
98
35X
8V
W6V
13
X
12
Ill*
II.
22
13
SSV MX
65X 65X
tOX
57*
X13V 71V
67V
r,a 78x
97V
SIX S'X
..
Dec.
4SX 50
7.'V
126
.
22
83
70
5S
8K
...
B«
7'iX
59
21*
IS.
•
51
26
tor
14ft
•67ft
97V
SIX 51X
Cnlted States. •16
47ft
Wells. Fargo .. *S6X 87
Qulckslive-....
•6ft 16X
.6ft
V.
49
Dec.
I2X
x
NS
taw
77V
mmm
«ft
8V
21ft 21
•.... 125
15
IS
21V
i!\
H5V
5«X
10iX 106X
X
18V
145V
78
8V
21
21
25
145ft
53
I07X
8V
..
Panama
nn
59ft
MX MX
•
21
six asS
70X 71
SIX 34V
»5X «.;.;
100 V 100 X
50X 62X
"
as
12
101 X 101
30% SIX
IX 9ft
:i« li«
3J{
78
X
liw x
50)2
72X 72X
38 X S3X
Btg >0S
58* MX
77X 78 X
MX
wo*
115
72«
HI. Central...
Pacific Mall
6IX 65
100X 100X
51>X 52X
50X 51«
V
10
Xi\ 34H
61', Six
'!,'.'
88ft
50
Lake Shore...
Michigan Cent
Morris ftEssex
N.T.Cen.ftH.H
Ohio ft Miss...
101
SIS S3X
70
70X
«X
Brie
21K 22X
UX 1«X
»X
14W
mix
Dec.
11.
•
22X 23X
35S
MX
Chic,
10.
561
1
820.M3
13.46*1,578
4<I,3B4,»47
1.991,078
1,287,878
1,857,001
1,489,887
19,957,996
47,7W,873
1
1S.87IA40
1
13,143,71*
18.9T4.54*
1S.BT7.980
13.6*9,674
tmtm
1V»7.188
lj888iB7
1348,86*
18,488,490
143 •.408
478,518
1,410,484
47.-5087J
4>».047,r«3
47,835.C«7
47.»OI.44S
48.t67,7o6
47.813.8 7
K»,&7«,'00
IW^W
0.-».,l"»
4A60MM
fT.HMM
JMJMK
5t.W7.4T*
UMMtt
l£.*j8,ful
10.«;I.T96
10,*&7.«T8
8l.tU.t38
^788
84,'41,'«8
10.8
10.71S.SSJ
U.K4.W)
47383.827
10.70i.JW
47,633,388
10,171.71*
J-"*.*"
31 340,738
THE CHKONICLR
568
Rew York
Banks. —The following statement shows
Olty
Banks
jt
$
3,000,003
2,050,0j0
3,030,000
2,000.000
1,200,000
3,000.000
,. 1,030,000
1,000,000
.... 1,000,000
600,003
Merchants'
Mechanics'
Union
America
Phoenix
City
Tradesmen's
Fulton
Chemical
Merchants' Exch.
1,000,000
1,5iO,000
500,000
600,000
2 0.000
600,000
300.000
800,000
5,000,000
5,000,000
1,000,000
1,100.000
422,700
1.500,000
Butchers'* Drov.
Mechanics' & Tr.
Greenwich
Leather Manuftrs.
Seventh Ward. ..
State of N. York.
American Exch'e.
.
Commerce
Broadway
Mercantile
Pacific
Republic
Chatham
450,000
People's
412,500
North America... 1,000,000
Hanover
1,000,000
Irving
500,000
Metropolitan
3,000,000
Citizens'
600,000
Nassau
1,000,000
Market
1,030,000
St.
Nicholas
1 ,000,000
1.000,000
1,000,000
1,250,000
300,000
Shoe and Leather.
Corn Exchange...
Continental
Oriental
Marine
400.000
Importers'&Traa. 1,-00,000
Park
Mech. Bkg. Ass'n.
2,000,000
500,000
300,000
Grocers'
North Hiver
40
EastKivcr
Manuf'rs'
&
iter.
Fourth Nalional..
Central National
Second National..
Ninth National...
FirBt National
Third National...
.
N. Y.Nat. Excb...
Tenth National...
',000
350,000
100,0
3,750.(00
2,000,000
300.000
1,500,000
500,000
1,003,000
300,000
Bowery National.
New York County
250,000
200.0
German Americau
1,000,000
Total
Deposits.
tion.
$
<fc
8,3.6,000
5,813.100
1,031,000
1,73:1,600
7,644X00
6,573,400
4,145,000
8.35i.700
2.641,000
5,177,100
2,991,400
1,792.9
9,950.800
2,938,600
8'30,Oi0
Gallatin National
Specie. Tenders.
~
*
Discounts.
Capital.
New York
Manhattan Co...
2,56:1,300
831,700
1,109,700
604,030 1,080,000
773.703
452,700
470,000
570,200
944.&X)
1.638,100
209,000
233,000
912,000
1,042,100
208,500
170,000
184,100
185,300
750,400 2,364,700
434,600
405,900
283,500
831,600
166,000
76,000
1,239,000
271,900
40,0c
1,590,000
218,400
761,330
246,100
323.100
2.547,100
163,800
97,-iOO
986,500
295.400
364.000
1.783.000
1,008,000
11,640,000 1,103,000
13,403.500 1076,500 1,823.900
622,100
146,100
4.722.400
426,300
260,500
8,161.400
420,103
1,935,900
22,700
836.600
805,400
3,011,700
676,000
3.306. SOO
212,300
137, *00
12,300
1,353,500
S45.8O0
2,163.900
146,900
656,100
4,338.100
211,700
391,700
1,906,0,0
10,400
13,250,000 1,2 6.000 1,413,000
388,200
81,800
1,545,200
233,400
18,800
1.914,400
330,700
2,i>6\10O
175,700
201,800
2. 1 83.500
107,200
f53,000
3,832,900
167,500
21.5,000
310,330
2,991.000
536,000
3.1.17.8O0
39,500
190,000
5.800
1,262,100
411,000
2.135,700
105,700
14,814.300
889,200 3,462,700
10,519,000
569,500 3,4)4,600
i^.ooo
661,000
8,000
255,000
918,100
8,600
121,700
935,600
18,400
124,300
680,H0O
7,700
116,500
393,810
2.000
303,500
13,5'>S,90D
460,000
7.021.000
133,000 1,451,000
476,000
1,810,000
4,»93,100
2"2,800 1,177,100
76«,103
6,825.400 1,076,800
5,430,200
494,600 1,090,500
152,500
1,110,500
29,800
1,134,200
1,006,500
2,152,700
7,725,900
4,861,200
5,961,000
4,953,600
2,725,100
6,156,8 10
2,403,000
4,416,600
39,000
7,500
128,000
141,900
50,003
1,100
265,100
1,528, '.CO
795,100
1,257.900
10,037,^00
2,206,200
2,146,700
943,000
l,12i,000
879,100
2,075,000
965,200
1,807,100
7,834,100
6,537,200
3,167.206
45.01.0
237,000
189,900
2,700
231,500
S6,C0J
45.000
232,000
2,082,703
896.000
87,600
1,816,300
1,528,000
8,355,100
1.045,800
1.S18.400
3,606.530
1,796,006
10,203,000
1,734,200
450,000
400,000
5,400
447!6*6
74,500
1,545,000
177.800
3,900
261,600
496.200
832 300
4,700
776,600
1,638,2,(0
1,907,400
1,034,700
3,152,000
1.834.500
2,211,830
1,013,200
2,0(6,600
15,423.400
18,007,200
514,000
977,903
6?9,700
506,100
472,100
873.200
1,112,300
441,400
304,000
98,900
849^500
1,188. ZOO
1, 966,1100
345,300
1,047,400
1,474,000
270,000
716,000
450,000
255,530
266,200
6,0:3,(00
1,843,000
4,255,700
5,805,500
5,319,600
717,100
233.000
243.000
130,003
67,435,200 238,578,200 18,995,000 38,478,700 196,914,300 18,208,300
The deviations from
returns of previous week are as follows:
Inc. $148,6011 Net Deposits
Dec.
$49,200
Loans
I
Specie
Legal Tenders
Inc.
Dec.
The following
Circulation
98,000
Inc..
L. Tenders.
Specie.
*
t
*
255,982,400
449. 169.60J
249,767,800
245,3,7,401
14.W9.800
13,984,00
57,499,703
222.813,600
241,064,900
219.166,600
215,4)1,603
213.414.603
15,546,400
15.517,903
15,585,303
15,639.500
15,515,900
15,5:5,530
S
400,708 2(0
57,12.5,2J0
363,914,304
Aug. 4.
11,135,800 54,262,100
890.467.627
Aug. 11.
15,033,700 53,094.600
340,032,240
Aug 18. 243,89-1,800 13,449,100 52,696,0110
3il,75',974
Aug.25. 241,693,603 14,250,003 50,789.000 213,li26,.b00
420,915,003
Sept. 1.. 241,773,703 16,010.100 48,130,690 409,459,700 15,383.31X1 400,793,928
"
Sept. 8.. 2I3,9W.S0!> 19,161,600 45,3)3,900 210,514,100
15,563,403 397,270.3-5
Sept. 15. 213,795,(00 19,913,000 44,045,100 208,584,400 15,577,100 379!235,693
Sept. 22. 243,976.403 19.274,700 42,454,400 206,744 100 15,596,100 496,088,478
Sept. 29. 411,817,803 16,652.300 41,975,500 200,771,200 15,721,400 419,366.185
Oct. 6... 2:18.470,900 16.551,;00 41,402,000 197,853,400 15,993,400 42<,8 .8,637
Oct. 13.. 2!8,2:9,60:) 17.0)11,300 40,3 6.830 197,171,6:0 16,031.000 435,,8-\249
Oct. 20.. 433,183,800 16,519.900 8i,91'l,30C 195,561.503 16,230,300 473.165,840
Oct. 27.. 236.467.400 17,348403 39.435.100 19I,M48,700 16,726,003 4)1,367,451
Nov. 3 . 236,216.600 15,935,900 39,531,903 19;.36t,900 17,156,890 458.045,653
Nov. 10. 235.^6-1,300 I3,7(i4,500 33,503.403 1 (3,557.300 17,720,230 358,005,167
Nov. 17. 838,303,300 19,45 j,800 39,382,900 196,51.1,500 17,311,900 401,930.936
Nov. 44. 235,349,800 19,7i.7,80O 39,919.300 193,434,900 18.101,500 417,1(14,418
Dec. 1
23-1,429 GOO 18,321,030 40.579,500 196,961,500
18,110,300 369.518,961
Dec. 8.. 238,678,200 18,935,030 88,478,703 116,912.3:0 18.208,300 488,941,229
Note.— The Tenth National Bank is iu liquidation, and in the Clearing
House return for December 8 its figures were first omitted. In its last statement, made December 1, the figures were as follows: Loans and discounts
$817,203: specie, $500; legal tenders, $81,600; net deposits, $76,500; circulation, 8448,000.
.
IN
BOSTON. PIIILAUBLPIIIA AND OTHER CITIHS.
SECURITIES.
Bid. Ask.
BOSTON.
Maine
6s
Massachusetts 5s, gold
Boston 6s, currency
do 5s, gold
Chicago sewerage 7s
do
Municipal 7b
Portland 6s
Aich. ft Tcpeka 1st m. 7a
do
land grant 7s
do
2d7s
do
land Inc. 12s.
& Albany 7s
do
Boston
Boston
Burl,
ft
&
Lowell 7s
Maine 7a
new
00
107«
Newport7s
.
do
.
7»
Verra't c. 1st m., cons. 7s,
2d m.,
'80.
7s, 1891
Vermont A Canada, new
ft
181
108*
40
8»
1*8
Connecticut River
127^
Conn, ft Passumpslc
•11
4S« Eastern (Mass.)
4fs
Eastern (New Hampshire)...
Fltchburg
Manchester ft Lawrence..
Nashua ft Lowell
93X
71":
8s.
New York ft New
^
u
Hit
S(S( e
Pittsburg
..
4s,
5s,
6s,
7s,
coup., 1913
reg. ft cp., 1913. 81},
gold, reg
w'L'rln.rg. &cd, 104
no 7s, Ur. Imp., reg., '33-36 e5
N. Jersey 6s. exempt, rg.ftcp.
do
do
do
:iki
M
6s, coup
C.imden City 63, coupon
7s, reg. ft coup. 110
do
II
Delaw»re 6s, coupon
Camden County
1.5
llarrlsburg City 63.
coupon
.
i'l'o
UK
111},'
i:i«
118
H3«
H35<
X.
112),
Mar.
'a2.
'88
4u
55
188
7
8
1
5
10S
74
100
M
40
10 1« 102
94
439
ft
Cln. 7s,
'92,
F.
ft
A
...
93:
47
18H
14'j
85
VMrlct
Columbia.
'/'
1041
Washington.
Ten-year bonds, 6s, '78
Fund, loan (Cong.) 6s, g„
do
Certlfs.of
do
104
101
101
104
1(W
104
100
'92.
(Leg.) 6s, g., ,902.
st'ck (182a> 5s. at pi.
(1843) 6s, at pi.
80
95.
do
Bounty stock, 6s
do
Market stock, 6s
Board of Public Works—
Certtfs. gen. imp. 8s '77-78
104^
Series
do
101
.
.
1900
105
6s. 1900-1904
Dan. H.ft W!lks.,lst.,7s, '37'.
Delaware mort., 6s, various.
Del. ft Bound Br„ 1st, 78.1905
102
East Penn. 1st inort. 7s, '88
Certlf s. sewer, 88, "71-77.
.
105
100
45
.
CINCINNATI.
M
Cincinnati 68
tl
10.1
7s
11
do
'•80s
4 IIS
do
South. RR. 7308. 101
do
Harilsburg 1st mort. 63, '81.. lilii
ss
do 6s, gold
do
H. ft 11. T. 1st in. 7b, gold, '90.
Hamilton Co., O., 6s. long.. .1 93
2d in. 78, gold, '95. iiii
do
100
"8,
to
5
yrs..t
1
do
8dm. cons. 7s, '95*. ,,30
do
do
7 ft 7-80.", long. 1 1117
Ithaca* Athens 1st g d. ls.,'90 0u
l-l
Cln.ft Cov. Bridge st'k, pref
]102)«
Junction l»t mort. 6<, '82
Kill
&
D.
1st m. 7s, '80
Ham.
Cln.
2d uiort. 6a, 19J0
do
(.11
id m. 7s. *o5.
do
Lehigh Valley, 6.», coup.. 1838. 107>s 188)4
80
10S.4 Cln. Ham. ft Ind., 7a, guar. ..
6s, reg., 1891... 10H
do
LO
:stni.
7s
Indiana
Cln.
ft
115
usa
7s, reg., 1910...
do
73
2d in. 7s, \7..
do
KO
do con. ui., 6s, rg., 1943 95
Colum. & Xenla. 1st m. 7s '90 104
:us
Little Schuylkill, 1st m. 73.V2 105
101',.
1st m. 7b. '81.
*
Mich.
Dayton
l.K
una
1st
in.
6s,
cp.,'85.
North. Penn.
2d in. 7s, '84.
do
115
2d m.78,cp„ '96. in
do
3d m. 7s, '8s. '.HI
do
l')T«
do gen. m. 7s, cp., 1S03. 11(7
loo
lll7(j Dayton ft West. lBt m., '81...1
do gen. m.7s, reg., 190J 107
85
1st in., 1995
hi
do
87«
(ill Creek 1st m. 7s, coup.,'8!.
r.:
fB,
1905
1st
m.
do
50*
plttsb. Tltusv. ft B.,78, cp..'96
(Ill
Ind. Cln. ft Laf 1st m. 7s.
Pa.&N.Y.C.ft RH.79, '96-1906 lit 112
I'll
(I.ftC.) lstm.7s,'33
:07(„
do
108
1st
m.,
cp.,'83..
Pennsylvania,
US
107J
Miami
6s,
't-8
Little
4 108}i
gen. in. 68, cp.. 13:0.
do
eeu, in 6s, ig., 1910. ior>v HIS v Cln. Ham. ft Dayton stock... 1.7
do
stock
cona. in. 6 rg., 1905. 91« 0(Ja Columbus ft Xenla stock....
do
Dayton ft Michigan
97
cons, ni.68, cp., 1903. 94
do
8. p.c. st'k, guar
do
Perhlomen 1st ill. 6s. coup., 'ill 72
Little Miami stock
Phlla. ft Eric 1st in. 63, cp., '81. 1(12
Kill
100
*v
7s.
2d
m
cp.,'S8.
do
li.O
I.OI IXVILLi:.
10<%
Phlla. ft Reading 6s, '60,
114
Louisville 7s
t 100
7s, 'oup.,'93 118
do
+ 1(7
63, '82 to '87
46
do
deben., cp.,'93 Mido
ll 10
101
68,'97to'9i
t ','7
do
do cons. m. 18, cp.,191!.
I'll
water 63,'87 to '89 t 1-7
do
do cons. m. 7s, rg.,1911. 1(1.1
'
53
water stock 68, '97.1 07
57
do
do conv. 7s, 1893
60
wharf 6s
..T i.7
do
Phlla.ft Read. C.& I.deb.7s,WJ 43
1-7
spec'I tax6iof '89.
d-i
IMilla.Wlnn.ftBalt. 6s, '84 ..
7N
"isa Jeff. M.ft List m. ( 1«M) 7s,'8l1
Pitts. Cln.ft St. Louis 7b,!900
TO*
2d in., Is
do
Shauiokin V.4 Pottsv.7s, 1901
90
lBtm.,78, 1906....1 100
do
Ste.ubenv. & Ind. 1st, 6s, 1881.
05
Loulsv.C* Lex. 1st m. 7s,'97. 117
Stony Creek 1st m. 7s, i907..
Louls.ft Fr'k„Loulsv.ln,6a,'8'. 100
Suubury ft Erie 1st m. 7s, '97.. 109«
Loulsv. ft Nashville—
68, '94
I' lilted N.J. cons. m.
S3
80
t OS
Lcb. Br.SB,'8a
Warren ft F. 1st m. 7s, '95
7
111
1st in.Leb.Br.Ex.,7s,'80-85.t
West CheBter cons. 78, '9(. ... 111
6a,M3...t OS
do
Leu. In.
West Jersey 6s, deb., coup .'88 10SO :ii(i
'93
100
7b,
let
m.
Consol.
'96.
in.
'Bt
6s, cp„
do
1(10
Jefferson Mad. ft Ind.
1st m. 7s. '97
do
NO
38
'7M
Louisville* Nashvldc
Western Penn. RR. 6s, 1893.
75
Louisville Water 6a, Co. 19071 Kb
6s
P.
B.,'96
do
Wllm.ft Read. 1st in. 7s, 1900"
ST. IiOUIS.
2dm., 1902"...
do
tosx
St. Louis 6s. lo
CANAL BONDB.
water 6s, gold
t 106
do
Chesm. * Dela. 6s, reg., '86.. 70
do ncw.t HH1
do
do
Delawa-e Division 6s, cp.,'i8.
bridge appr., g.6s 1 lie.
104L,
da
Lehigh Navigation as, rcg„ '84
renewal, gold, 6s. -,(..!
d«
'lOS
RR., rg.,'9:
do
sewer, g. Gs, '9 -2-S.t LOS
dcb.,rg., 77
do
St. Louis Co. new park,g.6s.1 mo
lob'
do
conv., rg. '84
cur.ls
1
do
id
c:nv.,g., rg.,'94 HO
no
St.L.&SanF.Rlt.bds, ser'aA :b
do
gold, '97
do B
do
do
do cons. m. 7s. rg.,1911 69
do
do C
do
Morris, boat loau, reg., 1635..
.
105},
1
,
.
.
m
.
M
.
'
,
ma
.
.
.
109M
•
In default of Interest.
14«
Cbes.ftO. st'k C4i)6s, at pi...
Georgetoicn.
General stock, Ss, .88'
6s, at pleasure
do
108M
El.* W'uisport, Ut m„7s, 'SO
1st in., 5s,perp.
do
wa
iil'2
Perm. Imp. 6a, g., J.ftJ., :8»l.
7e, (891
do
Market Stock bonds, 7s, 1892.
Water Stock bonds, 7s, 190:..
7s, (903..
do
do
IM
104
101
911t
46
WASHINGTON.
16%
131
39
100M
1044, 105
—
do
2d,M.&N
8s,31, J. &J
do
Union RR. '.8t,guar.,J.ft J..
Can on endorsed.
do
miscellaneous.
Raltlmore Gas certificates...
People'B Gas ...
'"m
una
Is'i.
105
6s, 1st m.,'90.M.ft S.
,1
18),
Chesapeake ft Delaware
Delaware Division
Letitgh Navigation
Morris
do pref
Pennsylvania
Schuylkill Navigation
do
pref...
Susquehanna
RAILROAD BONDS.
Allegheny Val.,73-103, 1395...
do
7s, E. cxt.,1910
do
inc. 7b, end.. '94.
Bclvldere Dela. 2d m. 6s. '85.
3dm. 6s, 'St..
do
Caindcn ftAmboy 69,coup,'83
6s, coup., '89
do
mort. 6s, '89
do
Cam. & Atl. 1st m. 7s, g„ 1933
21 m,, 7s, cur., '80
do
Cam. ft Burlington Co. 6s. '97.
.
W. Md. 6s. 1st m.,gr..'90,J.& J. :na
do 1st m„ i890, J.ftJ... 100 100!«
do -d in., guar., J. ft
n a.
do 2d m., pref
do 2dm.,gr.by W.Oo.Jft.1 104
do 6s, 3d in., guar., J. ft J. 111«
118
Baltimore.
Pittsburg Tltusv. ft Buff
Unite! N. .T. Companies
West Chester cousol. pref....
West Jersey
CANAL STOCKS.
6e, 1880, J.ftJ ...
63,1885,A.&0.
W. Va.3d
Cen. Ohio
31*
ft
16H
30
m..gnar..'85,J4J 03
PlttBb.ft Conncllsv.7s,'93„I&.I 0»« ioo
Northern Central 6s '85, JftJ 104
105
do
68,1900. A.ftO. 100
101«
do 6a, gld, 1900, J.&J. 94W
30 'A
Trenton
Ohio
do
N.
H J.
Northern Pacific, pref
North Pennsylvania
Pennsylvania
Philadelphia* Eric
l'lilladelphla* Reading
16)4
M
50
railroad bohds.
Bait, ft
46
97
Nesquehonlng Valley
Norrlstown
100
Western Maryland
4^
new 7s,
1103
Central Ohio, pfl
60
Pittsburg ft Counellsvllle..50
48»<
jdnehlll
Catawlssa 1st, 7s, conv.,
chat, m., 10s,
do
xl((9
Wash. Branch. 100
Parkersb'g Br..50
Northern Central
50
40
Little Schuylkill
ft
104>j
I
do
do
35
pref
do
SO),
new pref
do
Delaware ft Bound Brook
'So
East Pennsylvania
21
Elmlra ft 5\ llliamsport
do
pref..
do
liar. P. Mt. Joy ft Lancaster. 53
Huntingdon ft Broad Top...
do pref.
do
Lehigh Valley
Philadelphia
ItAl.TIJIOBK.
Maryland 68, defense, ,!.& J.
do
6s, exempt, 1887 ...
do
6s i890. quarterly.,
do
5s, quarterly
Baltimore 6a. -SSI, quarterly.
do 6s, :8S6, J.ftJ
do 6s, 189.', quarterly..
do 6s,pack,lS90,Q— M.
do 6s, 1893, M. AS ....
ao 6s, exempt, "JS.M.&S.
do
190»,J.ftJ
do
1301,J.*J
Norfolk water, 8s
Balt.ftOhlo
15
28*
pref
do
.
.
railroad stooks. Par.
RAILROAD STOCKS.
Cundeu & Atlantic
do
Calawlssa
'80
do
6(, Imp
do
6s, boat.ft car, 13:3
do
7s, boat & car, 19 5
Susquehanna 6s, coup.. ;9.8 .'
H
Canada
Massachusetts.
Voreesterft Nashua
72J4
37% 38X
natiaud, common
do preferred
ft
ft
"»«
England..
Northern of New Hampshire
Norwich* Worcester
Ogden&D. ft L. Champlaln ...
501,,
do
do
pref.
11* Old Colony
Portland Saco A Portsmouth
Vermont
Vermont
121)6"
74
95
ft
ft
S.S
7a
Mo., land g rant 7s
lib
do
Keb.8s,189l
108
do
Neb.8s,188>
9rl
Eastern, Mass., Sks, new. ... SO*.
Hertford & Erie 7s, new
ir
''edensburg ft Lake Ch.Ss...
Rutland,
6s,'tsS 1(13
Concord
108
ft
ft
Bid. Ask.
.,
I
6s
Old Colony
1st in
STOCKS.
Albany
Lowell
Maine.
ft Providence
Burlington ft Mo. In Neb...
Cheshire preferred
Cin. Sandusky ft Clev
Boston
Boston
Boston
Boston
Vermont»s
Boston
SECURITIES.
Vermont ft Mass.
New Hampshire 6s
5s, g'd, int., reg. or cp. 103
5s, cur.,reg
5s, new. reg. , 1394-1904 lioVi uu-H
6s, 10-15, reg., l-77-'82. HI'.'., 105}.,
114
6s, 15 25, reg., 1832-'92. 112
K'4)»
Philadelphia 6s, old, reg
110
6s, new, reg
do
PO
Allegheny County 54, coup..
do
do
do
Connecting
Deposits. Circulation. Agg. Clear.
*
QUOTATIONS
STATE AND CITT BONDS.
Penua.
do
do
t
SECURITIES.
Pennsyivanla 6s. coup., :90..
Schuylkill Nav. 1st m.6s, '97.
do
2d m. 6s. 190
do
m.6s,'96
PIIILADELl'IIIA.
|
are the totals for a series of weeks pa*t:
Loans.
July 21.
July 28.
671,003
2,101,100
SECURITIES.
1'hlla.Wllnilng.
10,734,io:
309,fe00
3,800
623,800
2,814,90(1
BOSTON, FHIL.IDELPHIA, Ktc.-Contlnued.
the
condition of the Associated Banks of New York City for the week
ending at the commencement of business on Dec. 8, 1877:
-AVERAGE AMOUNT OF —
Li-fral
Net
CirculaLoans and
[Vol. XXV"
t
And Interrs*.
100
110
112
108
92
100
10(S
113
10O
101
101
40
92
7S
1«:
108
lis
9CV
'flO
80
Hi
100
15
M
B
M
04
103X
VTH
78
10OX
118
I00*i
99
98
W4X
100W
40
98
104
107
107
107
107
107
iOT
55
3»
December
10, 1877.
THE CHRONICLE.
|
QUOTATIONS OF STOCKS AND BONDS IN
U.
Bond* and Railroad Stock* are quoted on a prtviout page.
S. active
IIOIIU'IM.
Ask.
SSiMKITtltS.
NKW YOUK
Price» represent the per cent tn'ue. whatever
the par
Bid.
BIOtlSIT'IS.
ovsm
iii.i
;
State Honda.
Ala ram a
do
do
do
do
Joltet
,do
Chic,
do
do
do
&N.O
do
do
do
1st consol
do cou.conv. ..
Lehigh ft Wilkes B.con.guar
Am. Dock ft Improve, bonds
new
Missouri
SB
small
..
do
1878
do
Funding, due 1874-5.
Long bonds, due '32- '30.
Asylum or On., due 1691.
Han. ft St. Jos., due 1886.
do
do 1837.
Hew York State—
.
.
J.ft J...
do
.. ..A.AO...
do coup, off, J. ft J.
do do off, A. ft o
Funding act, :866
ao
1S63
New bonds, J. ft J
do
A. AO
Special tax, Class
Class
do
1
,
*
6s
IM
m
Toledo 8s. 1877-'89
Toledo 7-SOs.
Youkers Water, due
.
couv. 100
118
ft
i
...
I90S..
RAILROADS.
Atchison A Nebraska, 3 p. c.
Atchison A P. Peak, tn. gold
»7* Boston A N. Y. Air Line, 1st in
Mo.
do
"ma
94
do
do
110
Dubuque & Sioux
do
Cedar K.
Tennessee
do
do
old
ts,
6s.
6s,
new
new
Cleve.
do
new bonds,
do
6s, ex matured coup.
6s, consol., 2d series..
ts, deferred bouds
District of Columbia 3.65s.
do
do
small
registered
Railroad Stocks.
Susquehanna...
Burl. C. Rap. a. Northern.
73
ft
18
Central Pacific
Chicago A Alton
do
pref
m
flit
MM
Cleve. Col. CIn. ft 1
Cleve. ft Pittsburg, guar..
Col. Chic, ft 1 Cent
Dubuque A Sioux City.
77
US
re
8*
3
.
Krlepref
A
Indlanap. Cln.
Laf
JoIletA Chicago
Long Island
A
Nashrllle....
Missouri Kansas a Texas.
New Jersey Southern
W
.
ft
IH
1ft
New York Elevated Kit..
N. Y. New Maven A Hart.
Ohio A Mi»?lss'ppl,pref
Pitts. Ft.
188*
20
Ch., guar.
do
special.
_ do
Rensselaer A Saratoga
Rome Watertown ft On.
70
.
Louis Alton ft T. H ...
fcdo
do
pref.
Bellevll'.eA So. 111., pref
St. L. I. M ft Southern..
8t. L. K. C. A North'n.pref
Terre Haute & InH'polle
United N. J.R. ftcC.
St.
m
109M
no
SO
.
AM. Co
J>KfA Iron
Col. Chic.
25
do
2ft
3)4
Kallroad Bonds.
CH
ft
.
Ohio
do
at. let
M
m.
coa p
A
MM
Belleville
Tol. Peoria
1
13
09*
L
do
do
do
do
Tol.
A
T.
do
do
11
3d
m
consol., i.f .
4th mort....
Ind. C, 1st mort
A
H„
1st
mort
..
.
2d mort., pref..
2d mort. Inc'nir
A S. lll.lt. 1st m. 8s
A Warsaw, K. D...
Wabaih,
W. D..
do
do T»ur. Dlv.
do 2d mort.
do consol. 7i
1st tn.
extend.
South Carolina new conioi.'ts
Texas ts, 1892
M AS
ill
111
113
IJ.I
11(2
110*
107
10U
do
do
do
88
'
Id,
104
78
tt
09
ft
100
gold, 1892-1910. J.A.I.
7s,gold.lDOt
J.ftJ
10s, pension, 1891.. J .AJ
111
7s,
111*
108
CITIES.
90
7s
Si
do
do
100
„
waterworki
Augusta. Ga., 7s, bonds
Cbarlestonstockti
00
87
08
108
1(10
23
(Mil.) g. 7s...
Rlv., land m. 7i...t 100ft io'o'js Charleston 8. C.,7i,F.L. bdi.
112
Sd S„ do 8s
tot
Columbia, S. C, 6s
112
8«...t 1(19
Columbus, Oa.,7s, bondi
112
5thS.,doSs...t 1i 19
Lynchburg 6s
—
112
1011
70
MM
80
Macon bonds, 7s.
Memphis bonds C
do
bonds A A B ...
do
end., M. A C. RK
88
88
so
74
87ft
Mobile 5s (coups, on)
do 8s (coups, on)
80
111!
104
10
101*
101
11)0^ io:*
Nashville
New
no*
no*
20
22
I
80
80
:>3
70
70
old
new
Of
Orleans prem.58
do
do
?°„
.,
Norfolk
111
109*
100*
6a,
6s,
do
103* 105
110
18
33
do
6s, funded
Montgomery 8s
27
I.
dlv., Istm. g.7s.
Vincen's 7s, gld
consol. 6s..
M
,
railroad, 6s..
wharf lmp'ti, 7-30
.
6s
80
93
07
!>,'
'"
;...,
Petersburg
to
6s.
8*
IN
to
Chic ft Mich. L. 8h. 1st 81, '89. 17:1
Chic. A 8'thwestern 7s, guar.. 88
Cia. Lafayette & Chic. 1st
50
Col. ft Hock V. 1st 7s, 30 years. 100
do
1st 7s, 10 years. 93
Oil
do
2d 7s, 20 years..
51
Connecticut Valley is
ft
.
A
Nashv. cons. in. 7s.
do
2dm., 7s, (..
Michigan Air Lino 8s
Montclair AG. L.Ist 7s.
do 2d in. ,s
Mo. K.A Tax. 1st 7s, ST., 1904-M6
do
3d m. Income...
N.J. Midland lit 7s, gold
Loulsv.
RAILROADS.
Oil
108
ICO
oii
28
2.1
'
ill
18
12
8*
l
78
103
.6
Hi
97
89
81
S7
72
S8
(II*
70
7.1
7.1
MM
87
do
1.
do
2d
do recelv's
do
do
7s,
(other)
t Anil accrned lot^-ci
• Trice nominal
Rock
1st
1st
7s
m
.
A
25
98
(•2*
8s, Interest
08
88
to
41
H
Id mort. 8s
Jacks. 1st m.gs.
do
Northssstern,
do
8.
C
.17
«
7
1
34
81
oo
87
7i
m. SS.
in. Ss.
lits.
st
u
do
Jds.ts..
do
do
(
Us. 81... I 40
tin. 8s..
P.lchm'd ft Pitersb'g 1st m.
Rich, rre'kib'g A Poto. 8*
7s.
do mort. 7i
do
A Danv. lit consol. ts...
Southwest KK..G1 .eonv.7s.1sl
3. Carolina RR. 1st in 7s
7i, ISUJ
do
7s, non mort.
do
ft
Charleston
stock
Char, lit M.
I
16
H 2
tot)
:.:•
8
7s...
A Ssrsn*k ts. cod
Wist Alabama 3d m.sa. guar..
istm. Is..
do
Okl
PAST DOT OOOTOWt.
Tennessee Stste coupons
Sostk Carolina cosiol
Virginia coupons.
do consoi. cocs
Memphis City Coupons
t
'
I
ion
Rich.
T
80
45
49
Id in. Is
I
'id
Orange A Alexandria,
OS
07
SO
102
A Decatur, 1st 7s...
A Petersburg 1st in.Ks
do
do
sf"
I2i
73
..
m.
Certificate, 2d raorlg. 8s
•Jaiuvlllo Chat. A 8t.L. 7l....
72
27
1
73
.7
2d 7s.
stock
Little
V
do
do
do
.:•
;lv
41
Mont, ft Kufaula 1st 8s, g., end
Mobile A Ohio sterling
...
do
do ex cert, ts
Savannah
:
!
..
do
2d m.es .
Montgomery A West P. lit 8s.
Norfolk
i«i
14
.4
7i
88
2d endorsed. 03
itock
Charleston 1st 7s.. '87*
Mississippi Ceutral
Nashville
'28
70
:i>2
Col. 7s. 1st mort.
do
do
!.'.
70
40
'
ft
Memphis A
M
"so
108
21
nw
1C5
70
stock
do
7s. guar.
Augusta boads
Macon ft
do
do
Memphis
I
51*
A
Greenville
....
guar
Kit. 7s
do
88
H
do
.
Georgia
8t
to
70
end. Savan'h.
stock
Carolina Central 1st m. ts, g.
Central Georgia consol. m. 7i
do
itock
Charlotte Col. A A. lit M. ~,t.
do
do
stock....
Cheraw A Darlington as
East Tenn. ft ..eorgla 6s
East Tcnn. ft Va. 6s end. Tenn
E. Tenn. Va. A Ga. 1st m.7«...
do
do
stock
2.1
conv.
ctfs.i labor;
108
104
Sd 71
Y. Elcvatsd RR..Utm
A OlW. Mid. 1st
do
do
do
N. Orleans
S7
SO
N. Y.
Ala. A Chatt. Istm. 8s, end....
Ala. ft Chatt. Kec'ver's Cert's.
Atlantic ft Gulf, consol.
88
in!
•
A
Alton
80
M
26
115
108
103
109
.
m.
2d m.
1st
do
2d mort
Watert'n A Og.,con. 1st
Iron Mountain, 1st m. 102\
do
do
2d m
L. Alton A T. II.—
Rome
St. L.
St.
28ft
n
in
no
ft
do
Slock
.is
Keokuk A Des Moines 1st 7s.
do
funded Int. 8s •a
Lake Sup. A Miss. lit is, gold. •i.i
Leav. Law. A Gal. 1st m., 10s.. 2.1
Logans. Craw. A 8. W. 8s. gld.
"vi
Long Island KR., 1st mort.
7s.
ft Pitts.,
do
.
(Stock Baoclumtie Juices.
Boston H. ft Erie, 1st m..
do
guar.
ft North., 1st 5s..'
fur.
do
do
STATES.
Alabama new comoli, Claas A
do
do
Class B So*
do
do
Class C, 42
Georgia ts, 1878- '86
08
HIS
M
107
m
urn;.;
110
108
108
UtCaron'lB
W. A Chic,
do
do
Cleve.
do
°P
Cumberland
Coal
Maryland Coal
Pennsylvania Coal
Boring Mountain Coal....
Ontario Sliver Mmtng....
RR—
(Broken- Quotation:)
no
.
Pitts. It.
..
Sonthern Secnrltles.
ft
KMl
107
mi
8*
Penn.
.
in
Wl
ao
H
Income,
7s
nlon P |u'"rc, 8o. branch, tsjr
Ii,
West Wisconsin 71, gold. .
WliconsInCest, lit, 7i
in
'
laucel'oaai Stocks.
Am. District Telegraph.
.
V.,
Chic. Danv.
M
do
do
Union A Logansport
io«
A State Line 7s
211
Connecticut Western 1st 7s
Kalamazoo A W. Pigeon, 1st
Det. Mon.
Mon.ft
ft ToL.lit"
ToL.lst 7s, 1906.
107* Dan. Urb. Bl. ft P. 1st m. 7i, g. 2.'
Denver Pac, 1st m.7s, ld.gr..g. 47
107* 109
Lake Shore Dlv. bonds
Denver ft Rio Grande 7s, gold. 43
112
Cons, coup., 1st.
do
Des Moines & Ft. Dodge let 7s.
111
do
Cons, reg., 1st.. 109
Detroit* Bay City 8s,end...'t 65
do
Cons, coup., 2d..
Dutchess ft Columbia 7s
8
Cons, reg., 2d. ...
do
B8
Erie A Pittsburgh let 7s
Marietta ft CIn. 1st mort.. . ,.
do
Mich. Cent., consol. 7s, 1902....
con. m., 7s.. 80
105M
1st in. 8s. 882, 8. f.
do
do
7s, equip...
Evansvllle ft Crawfordsv., 7i. illi)
equipment bonds.
do
HO
21
Evansvllle Heu. A Nashv. 7i..
New Jersey Southern 1st m. 7s
Evansvllle, T. II. A Chic. 7s. g. •.'(I
do
do
consol. 7s
Flint A Pore M. Be.Land grant •to
N.Y. Central 6s, 1883
101J4
do
107
ts, 1887
167* Fort W., Jackson & Sag. 8s, US to
Grand R.A Ind. '.st 7s, l.g.. gu.
102
104
6s, real estate...
do
do litis, 1. g., not gu. so
do
6s, subscription, 102* 104
411
do
do ft Hudson, 1st m., coup 121 1122
1st ex 1. g. ,i.
'(»;-,
do
do
1st m., reg.. 121
121ft Grand River Valley 8», 1st in.
Houston A Gt. North. 1st 7l,g. 07
Hudson R. 7s, 2d m., s.f., 188! 113ft
lions. ft TexaaC. 1st 7s. gold., 84*
Harlem, let mort. 7s, coup. , Ho),
mi
do
do
do
consol. bds..
7s, reg....
North Missouri, 1st mort
ibii* 103
Indlanapoli ft St. Louis list 7s
70
Indlanap. A VIncen. 1st 7s, gr.
Ohio A Miss., consol. sink. fd.
International (Texas) :stg ..
do
consolidated
8J
21
Int. H. A G. N. conv. 8s
do
2d do
SO
1st Spring, dlv.
Iowa Falls A Sioux C. 1st 7s.
do
Pacific RailroadsJackson Lans. A Sag. 8s, lit in 194
Kal. Allegan, ft G. R. Bi.gr..
92*
Central Pacific gold bonds
107* 10H
Kalamazoo ft South II. 81, gr IBS
do San Joaquin branch ssu' mi
Kansas City ft Cameron 10s... TWM
do Cal. A Oregon 1st . a»
Kansas Pac.7s,g..ext.MftN,1)9 Bt*
do Stste Aid bonds
107
do Land Grant bonds..! ..
do 7s, g., I'd gr.iJAJ.'OO 81
Western Pacific bonds. .. 102
do "i, g., do MAS.'SC 10
Union Pacific, 1st mort. b'ds !07ft
do 6». gold, .LAD, I** 70
Land grants, 7s. 1031<
do 6s, do F.AA., 1895.
do
Sinking fund... 94 *,
do 7s, Leaven, br., *96.. 28
do
8
Pacific U. of Mo., 1st mort... till?.,
do Incomes, No. U
92
do
do
2d mort
do
No. II
121)
Warren
alarlpoBaL.
vmt
i.i
W
.
Canton Co., Baltimore....
Cent. N.J. Land A Im.Co.
American Coal
Consolldafn Coal of Md.
100
1
1
A
Ch. D.
Ash., old bdi
new bds
new bonds..
112
114
10!
1
n
(Active pred'tuly quoe'd.)
Louisville
A
A Erie,
Buffalo
Buffalo
1S66
1861..
6s,consol. bonds
isft
S.F., 7 p.c.
do
110
|
new bonds
Cleve. P'vllle
ts.old
1.0
W)
I
Tol. sinking fund.
do
series.
Virginia—
Albany
A
EN
IT,
100* 101* Richmond 6s
:oi* 102
80
Chicago ft Iowa R. 3s3s
so
Savennab 7s, old
40
American Central 8a.... J G + ioo*|ioi*
CO
do
80
7i, new
.,
22
Chicago Clinton A Dub. 8s
80
20
Wilm'ton, N.C., 6s, gold j coup 70
23
Chic. & Can. South st m. g. 7s. IK
90
do
80
Si, golds on.
Clty.lst m.
2d dlv. 105ft
ft
Lake ShoreMich S. ft N. Ind..
75*
'WW
guar 'to
2d,
a
.J"?.
South.
Cent, of N. Y. la, guar
Southern Minn, lit mort. 8tc
ds
7s. 1st
. _
So. Pac. of Cal., 1st "A" 6«. g.
ll«l
do
6s, 2dm. g.
Canada Southern, 1st in. cinp.
do
with Int. certlts
do
Minn., 1st mort..
Indlanap. Bl. ft W., 1st mort..
do
do
2d mort...
H
sink. fund..
.
Funding act, 1866
Land C., 13M9, J.ft J
Land C, 1889, A. ft O....
7sof 1888
Non-fundable bonds ...
81
2M
A Newark n.
Sioux City A Pacific Is,
South Side, L. I., 1st m. bonds
ii&
AtlanU.Ga.,
6thS.,do8s...t
Cairo ft Fulton, 1st 7s, gold..
California Pac. RR., 7s, gold .
in*
Ar ""r.)7s.g.
do
Sandusky Mans.
Bur.C.R.A N.
ft
'
A
.
Bur.
'-
r., id m., class X.
81. L.
So'castern 1st 7s, gold.
St. Lours VandallaAT. tTlii.
,05*
sajs
Ts, g.
do
do
class B.
do
do
class C.
Bouth Paclllo Rallroad.lst re
•0
.
1
Jan. ft July
April ft Oct
Lhasa
7s,
1st.
.
L.
Ro,neW'townA()g.„tm.<5i7
ai'hi
8U
L. A Sao
70
07
IlHn.ACent. Missouri, 1st
Pekln Llnc'ln* Dec't'r.lstm
Western Union Tel.. 1900, coup
Central Pacific, 7s, gold, conv.
Central of Iowa 1st m. 7s, gold.
do
do
endorsed
Chesapeake ft 0. 2d m., gold 7s
u 5*
do 2d mort., 7s, 1879
108
Keokuk A St. Paul 8s...^ - t
do Sd do
7s, 1883
ioa
do 4th do 78,1830
103* Carthage A Bur. 8s
a .t
103
do 5th do 78,1888
103* Dixon Peorlaft Han. 8s.
O. O. A Fox R. Valley 8s
do 7s, cons., mort., g'd bds.,
Qlilncy A Warsaw i
do Long Dock bonds .
... Grand
Gr
Trunk...
Buff..N. Y. ft E, 1st. m., 1916.! 105 s
06ft Illluofs
Chic. Dub. A Minn. 8s
Han. ft St. Jo., 8s, conv.' mort. soft 87
Peoria A Hannibal R. .
Illinois Central—
ts
...
Essex,
ft
m
Saratoga, 1st coup.
1st revised
Erie, 1st mort., extended
South Carolina—
6s,
ts,
us
do
Classa
do
do
Rens.
ib*
Ohio6s,18Sl
do tS.I88t
Rhode Island
i.
109
do
2d mort
do
bonds, 1900....
do
construction.
do
7s, of 1871 ...
do
1st con. guar.
Del. ft Hudson Canal, 1st in. ,'8^ 9S*
Oil
do
ao
1891
do
do coap. 7s, 1894 aa
do
do
reg. 7, 1891 in..
Albany ft Susq. 1st bonds.
do
2d
do .....
do
do
3d
do 1st cons, gnu*-
A.AO
do
Western, 2d
do
.J
N.C.UR
A
M
.nd
Pnllman Palace Car Co. stock
do
bds.. Us, 4th series
n
w
W
Morris
.
&
01*
,
Del. Lack.
.
ts, old. J.
P.I).
114
Huron*
.,
do
coupon ..
di
2d mort.. VI.
do Rx ANov..'77,coup.
yulncy A Toledo, 1st m.. 'W.
do ex mat. A Nov.,'n,cou.
Illinois A So. Iowa, 1st mort
exconpon
.,
*P „
ibijt
88
42
'•.rl«* Ruck l.7s,gold
Port
1st in., I860..
-f
Canal Loan, 1877..
1878....
do
«, goM, reg....l887....
6s,
do coup.. 1887...
6s,
do loan. ..1883....
do
ts,
do .1891
ts,
do do
1892
ts,
do do .1893....
North Carolina—
6s,
(S,
Great Weatorn,
do
2dm. 7 3-10, do 10*
us
do
1st 7s, gd.,lt.D
do
do
reg....
1st 7s i
do
do
do
1st m., La C. D. 10»
lOTft
niscellaneons List
us
1st m., I.ft M.I).
trj
do
(Brokers' tJuotattone.)
do
1st m., I. ft D.
CITIES.
84
do
lit in., H. ft D.
do
Htm., C. ft M.. 103ft 103* Albany, N. Y., 6s, long
do
consol. sink, fd 114'.; 94ft Buffalo Water, long ...
Chicago
Is,
long dates
do
2dm
do
7s, sewerage
100
Jhlc. IN.
do
7s, water
di
do
Int. bonds, 1081,
do
river
71,
Improvem't t
do
do
consol. bds
Cleveland 7s, long
t
do
do
ext'n bds.... 03
Detroit Water Works 7l. .. t
do
do
1st mort... 107f<
Elizabeth
City,
1880-93
.t
...
do
do
cp.gld.hds.
92ft
do
1885-98
t
do
do
reg. do
_
Hartford ts, various
Iowa Midland, 1st mort.
100
Indianapolis 7-308
t
10.1
Galena ft Chicago Extended.
Long
Island
City
4
It)
Peninsula. 1st mort., conv...
no Newark City 7s long
Chic, ft Milwaukee, 1st mort
f
do
Wator7s,tj)ng...1
Winona A St. Peters, 1st m..
Oswego 7s
do
2d mort
1'oughkcepsle
Water
+
C. C. C. ft lad's 1st m. 7s, 8. P..
Rochester C. Water bd»., 1J03+
do
consol. m. bonds
War loan
do
Kentucky (s
6s,
ts, floating debt
7s, Penitentiary
6s, levee
8s, do
ss, do 1975
8s, of 1910
7s, consolidated
istm.es,
St. P.
do
do
do
do
do
do
do
do
do
do
Louisiana 68
do
d»
A
Cb.M11.
,,
be
91
.
.
H
8. F. Inc. ts, '15
Lis
mi
North. Pac. 1st m. fM. It-lO.,
'"»'«« A Roma 7s, guar
P«orl« Okin A J. nlmort
I
,
Pac.,:stm.78 10.lt
ts, 19i7,coupon.
tj, 1917, rcglst'd
J., 1st m., now. .
Central of N.
new
6s, 1S7S-79
6«, 1583
7s, ISA)
ts, due 1877..
A
Ilk. 111.
ft L.lt.
7s,
bonds
7s, endorsed. ...
7s, gold bonds...
Illinois 6i. coupon, 1879.
Michigan
ft
ill*
m
do
do
7s,
Wabash, ex coupon
lis
do
Mn.RtX.aJr.
do
ei-niatiired coup,
7o''«
do
)d mon
MO*
do Ex A Nov., '17, coup.
An
aaalp't
do
eon. convert..
*> «. Vov.'lH.ft prev's
Tol.
...
Mo., 1st in., guar
Silt
101
st.L.Jack.4 ctilciitm...
Chic. Bar. A U. 8 p. c, 1st
do
ao consol. tn. 7s
1110,
90
5s slnk'g rd. A.AO
Connecticut 61
Georgia ts
do
do
do
do
do
do
do
do
do
ft
l.a. ft
7i. L. St. P. B.
-i, >lui>. t). ft It. It
7s. Ark. Cent. Kit...
do
Ml
Alton 1st mort.,
Income.
Chicago, 1st m
do
Memphis
ta
A
Jhlcago
9t, ishj
5s. ust
do
8s. !*»
dO
ss, issa
do
«». m.a k. ia;..
do
B». Al». ft Ctl.ii
do
e»-jt i8«
do
Slot 1693
JO
Arkansas 6s, funded
do >. L. It. ft Ft. 8. Ill
may
sa.
Price notnlasl
:s
80
t»
18
THE CHRONICLE
590
3 noestments
New York & New England
STATE, CITY AND CORPORATION FINANCES.
The "
Investors' Supplement" is published on tbe last Saturday
of each month, and furnished to all regular subscribers ol the
Chboniclk. No single copies of the Supplement are sold at the
office, as only a sufficient number is printed to supply regular
aubscribers.
ANNUAL
XXv\
fVOL.
REPOiiTS.
Railroad.
(For the year ending Sept. 30, 1877.)
This company is well known to the readers of the
Chroniclb
as the old Boston Hartford & Erie reorganized.
At the recent
annual election the old board (except George S. Moulton
and
William W. Tucker replace John P. Slater and Charles
Dana)
was reelected unanimously, 40,800 shares voting. The
annual
report of earnings, expenditures and transactions for
the year
ending September 80, 1877, has the lollowing:
The gross receipts of the company have been:
From passengers
a
ut
Fromfreight
ihv'i
From express and extra baggage
From malls
h'sh
From passenger car service
in 161
From rent of road <u<e of track)
-I'mi
From rent of property
gnsj
!.'!.'.'.'!.'."''
From gravel account
l'?77
1.11
Eastern (Mass.)
(For the year ending Sept. 80, 1877.)
From the report of the President and Directors we condense the
•
following
The
1
financial condition of the company is much stronger than
was a year ago. The ability of the load to earn from its pres$914,781
From Norwich & Worcester Division
~b,55»
ent business an amount over and above operating expenses, necessary to meet rentals and interest upon the debt, has been clearly
Total income
fl 010 -338
The
operating
expenses and taxes. Including those on the nnunlVhed
shown by the results of the past year. A marked improvement
portion of the road In Connecticut and New York, and the \vh ils
in credit haB been the natural consequence.
There is reason to
cost of steel rails purchased during the year, have been
770 884
think that, within the coming year, the entire debt, excepting
Leaving the net earnings for the year
that part fully secured by special mortgages or good collateral,
«>3 S m%
Out of whxh have been paid for rent of depot grounds and terminal
will be converted into certificates of indebtedness.
lands in Boston.
56,288
Since the last report some important litigations have been
brought to a conclusion in a manner uoi unfavorable to the interLeaving a ba'.ai.ce applicable to interest and permanent lmproveit
'
mentaor
ests of this corporation.
The questions at issue
&
Portland Saco
between the Eastern Railroad and the
Portsmouth Railroad have also been finally
adjusted.
The outstanding debt of the Portland Saco & Portsmouth Railroad, endorsed by the Eistern Railroad, for whose
benefit it had been created, has been previded for, and a permanent modification of the lease, beneficial to this company in securing a reduction in the rental, has been effected, and this company
pays for the use of the Portland Saco & Portsmouth Railroad
about four dollars on each share of stock semi-annually for four
yeais, from July 1, 1877, and after that perpetually at the rate of
three dollars per share.
Since the last annual report, the question therein alluded to
respecting the rights of creditors holding ten-year notes of the
company as collateral, and then litigating in the Supreme Judicial
Court, has been finally decided by that tribunal.
The effect of
the opinion of the Court U that all creditors, with collateral of
that nature, are entitled to receive certificates of indebtedness
only for their respective debts, computed as cash as of S<pt. 1,
1876, and only upon the surrender of thenotes held as collateral.
To determine the question of the payment of th* iuterest accruing December 1 on the bonds of the Portsmouth Great Falls &
Conway Railroad Company, a petition for instructions has been
filed in the Supreme Judicial Court.
Meanwhile, the amount of
the interes has been set aside as a fund with which to respond
to the judgment of the Court should its decision be in favor of
years
five
:
Fiscal Year.
18T2 73
1813-71
1874-75
1875-76
1815-77
Groes
Operating
enruings.
expense*
$ I,' 86,607 41
$3,22;<.S39 25
2.9 17,399 57
a.B;r.a:.> 74
1,9:<8.!'81
Passeng
6,6.16,851
6.0,9,990
5.386,033
4,79 .,475
4,«7S,2;5
18745....
IBM
1876-7
00
31
Number
Tons of
'i'oos
carried
Freight
o e nolle.
75,78S'.970
£5, 73 1.113
carried
one mile.
586,15:1
-rs
carried.
•878-3
18 8-4
oarnitigB.
8:
94
13
$513,141
983,411
757.419
6<3 5!i4
769,317
6)
1,787,376 96
1,7(8,190 20
Number
Fiscal Tear.
Net
2.069, <~,l II
2,470,971 (,a
2,508,107 51
...
carried.
689,4
75,201,867
69,453.81*
08,602,002
20.65 \iU
37,081,886
!')
M1.886
35,187388
634,508
7u4.810
34.2?4,*£8
S9,039,W9
All expenditures have been charged to operating expenses
as well those for new work, additions, improvements. &c, as
those for ordinary repairs and maintenance of the property.
Nothing has Leen charged to construction or equipment account.
E.0AD-BKD
Expanded
Repai
of
fjr
roai-bed
rails,
1870-77.
I uc .
and
track
New
AND TRACK.
1675-78.
$152,745
iron or steel, less
value of old rails take;
up
Newtieslaid
!!)
$161,1)7
48,468
(500 tons steel.
9»1 t. re-rolled iron)
(58,238
$13,411
65,961
IP ' 133
201 tons steel; |
(2
$9,937
$33,125
ti '8)
the road-lied and tr<ck are at present
they have been for Borne years past.
(68/47
tie*)
(11,814 ties)
than
30, 1317.
Equi ment
Investments— Keal es'atc
\
."./...."." \"
.".-.i."-
"
-
t? nno n-n
**iuS?-°X
•931,99)
$£S'S5)
Stock;,&c.
'.'."..'.'.'.'.
Total investments
Materials
lerials and eupi;
supplies on hand
Oa-h and ca-h funds, ..
Dae from fMght and ticket agents
Dae from railroads and others
Profltand 1obs..7. .7~„~~\~.][\"l[[["
83U60
......"..".._"_. '".'."'
mora than
sufficient to pay interest, if needed, on the whole
|10,000,000of loan authorized but, they are not willing to burden the stockholders with a fictitious debt by forcing the bonds
upon the market at an unreasonable discount for the sake of a
few months' gain in the time of the completion of the roid.
The President refers at some length to the present situation of
the company, and the fact that the State of Massachusetts holds
$3,00O,OJ0 of the stock, and the legislative committee will report
in January on the subject of extending further aid to the road.
He urges that they should get speedy possession of the Hartford
Providence & Fishkill road, and tLnt then the total debt would
be only $4,000,000 with interest liability of $.280,000 annually,
and .$3,000,000 more of bonds would complete the road to the
;
Hudson
River.
GENERAL BALANCE SHEET, SEPTEMBER
Dr.
To
Kit.
517 2'0
219
111.468
"'."
By
As represented by B. II. &
E. KR. "Berdelf Bonds". $20,0(0,000
liens
perfect title
pjid
New construction by N.
& N. F. RR
New equipment added
&
BondV
AN.
to
755,654
Y.
2I!6,0p5
104.523
$30,000,000
tollllol
Supp'ies ard mateiials on
hunil
54,012
Balances due from roads and
Cash
*T
pi al
k
S"
i /i°u
Fnndeddebt..
25,106
7,820
Notes payable
Current hills and psy-r 01s audited
Current traffic lmlancea and accounts payable
Accrned interest
Accrued rentals of leisei roads
Unpaid dividnds
Total.
Equipment
$11,213,122
**»*•"
ft«&£
........'."....'
...'.'"."
"
"'
'.
....
*4.997.f01
13 4T6 777
1 214' 270
I35VM
58'793
191,147
110 57S
jg'gj-
•IS.3,000
Notes payable
17.',440
23,081
1
I
I
Balances
roads
Cash
due
rec< ipts
Profit
and
on
connecting
Oct. acc'nt
los<
23.931
63.098
132,571
$3!, 313,118
New York Providence &
Boston.
(For the year ending September 30, 1877.)
The annual report has the following
:
RECEIPTS.
Through passage
Local
$30,245,911
belonging to i.iaied roads' is'nVt liiciadoa in "these flgu'es.
.3:6.000
7 per cent notes rf 187ij...
Bit a payable (for supplies).
I
„
moit. 7 per cent bonds.
due 1905
$31,126,183
individuals
80, 1677.
Or.
Capital StockAmount actually issued
$5,C9",008
B. H.
E. RR. "Berdell
entitling holders
of same to stock in the
N. Y.
E. KR. Co.... 11,305,000
Equipment and Property—
1st
1
V',601
.III ."..'.['.".'.]][]
that city.
In all their attempts to negotiate the now bonds, your directors have kept in constant view the importance of obtaining
a
fair price for what they believe to be a first-class security, and
thus keeping the annual interest charge within reasonable limits.
They believe that the earnings of the completed road will be
Ui-der'ylng
Resimrcet.
Construction
I
which took effect October 1. By extending our
short trains, which formerly stopped at Franklin, over the' new
road to Valley Falls, and thence by the Providence & Worcester
roid to the city of Providence, a new route has been opened to
3.198
in better condition
GENERAL BALANCE SHEET, SEPTEMBER
$181,388
gross receipts of the corporation show an unexpected increase over the returns of the previous year. This is especially
gratifying, because in 1876 the Centennial travel over our Philadelphia line and a contract with the city of Boston for raising the
grade of our road across the Swett street district added to our
income, and because the competition during the current year
between the various steamboat lines to New York has caused a
great reduction in rates for freight. The expenses charged to
the operation of the road are large, being caused by needed
renewals and repairs, which have accumulated upon the present
management, owing to the neglect of the old corpiration to
maintain the road and equipment in gocd condition. When the
road has become first class in alt its appointments, the annual
cost of maintenance will be greatly reduced, and the ratio of its
operating expenses to its earnings will then, it is believed, compare favorably with other roads running from Boston.
Dur'.ng the last year a new road has been constructed by an
independent corporation, extending from our line at Franklin to
the Providence & Worcester Railroad at Valley Falls.
It wag
ouilt by cash subscriptions from the citizens of Franklin and
other points upon the line, without, any pecuniary assistance or
encouragement from us. But as the road afforded a convenient
link of communication between our Eastern and
IUrtford
Providence & Fishkill divisions, and was possesse
of no
equipment of its own, your directors entered into a contract for
its oper..tion,
the road to pay the interest.
Tabulated comparisons of earnings and expenses for
are as follows
..
The
••
Through freight
Local
"
$lRii,<0")
1x1.021
1".3,557
887
129,793— $693,887
Dxckmbkh
THE CHuONICLK
1877.]
15,
.
16.06.1
ilring
.
.
i
Mil
I 1)
1*0,18
.
.
AS.
*. 8.
Co
.
contract Fall Hirer Lino
fc.OTi
Total rewlpta
Kipolldilllel
J8J8,696
4I> l.«
Ki( earnings, 1377
i!t
1588,!rVi
$326.0 n
i
per r -in bonds
Paid lntare-1 on
Paid Intere*' on extcnaie road bonds
Paid Iiii.tcki on 7 per cent bonds, Isene lf69.
Kiry— Richmond switch accident
OoDJtrocllon account
i
INCOME ACCOUNT
Foil Tilt
408,150
10,251
50,181
.
A. it
W. Spraguc, balance
loan.
68. 959
$l,0.'.(i^lijl
|49I,MII
.
3«.0
Maintaining the road
Repairs or machinery..
ajMaaa
l,7al.4»3
,
•.
,
ugtheioad
Payment of liablllllea
litre ..fears and engines
'
.'
:
"A proper comparison of the
2,5i6—
!,651
figures presented
with the corresponding period of the
previous year requires that the business of the month of September, 1875, should be deducted from the gross earnings and
expenses for 1870, as sUted in the last annual report. On this
basis, the gross receipts show a falling off of $122,620 72, viz.: on
passenger, $S7,880 74; on freight, $50,089 01 ; making a total
of $137,970 35
the discrepancy of $15,343 03 being made up by
increased dividends and rents received from the P. & S. S. Co.
Comparing, on the same basis, the expenses, we find a decrease
for the year of $53,000, and in the net earnings a total decrease
of about $70,000 a result not so satisfactory as could be desired,
bu', in view of all the circumstances, far from discouraging.
"( nmparing the amounts paid during the year for dividends and
interest with the net earnings, there appears to be a deficiency of
$44 000; hut of this amount, $'25,000 was the proportion divided
for the month of September, 1870, and charged in this year's account, and nearly $13,000 appear as due and have since been paid
by the Steamboat Comfany. The remaining $0,000 are more than
made up by the Company's interest in the undivided profits of the
P. & S. S S. Company, of which it owns $804,900 out of the
$l,2ii .1,0
of s ock issued.
"The establishment of an all-rail freight line by the New York
& New England Air Line and New Haven roads, in March last,
wan made th-> ostensible cause by the Fall River Line for a notice
of withdrawal from the freight compact which had existed for
several years, and the result has been a reduction of freight rates
between New York and Boston to two-fifths of those prevailing
previous to tha*. time.
"A conference with the managers of the New Haven Road resulted
in a proposition to withdraw the all-rail freight, provided the
Stomr.gton and Providence lines and the Fall River Line would
agree to restore and maintain passenger rates as they had previously existed. This was at once acceded toby this Company and
the P. "& S. S. S. Co., and submitted to the Fall River Line, which as
promptly refused and it then appeared, and was so stated by the
managers of that line, at a meeting held in Boston, that their intention was to prevent the establishment of a first-class passenger
line to Providence direct, or that th6y would inaugurate and continue a fight until the weakest went to the wall.'
Notwithstanding this, the Line was started on the 7th of May, by the
'Massachusetts' and Rhode Island,' and continued, with constantly-increasing popularity and success, until the accident to the
'Massachusetts,' on the night of Oct. 4th."
;
—
;
'
'
New York New Haven and
Hartford.
(For the year ending Sept. 30, 1877.)
In advance of the Company's pamphlet report we give the
lowing from the report to tho New York State Engineer
fol-
:
Capital stock paid In
$15,500/00
Nine.
Fnndeddebt
Floating debt <y la-t report
Flealing debt by presei.t report
ruad and equipment
Number of passengers during year
Tons of freigbt during year
Expeniee.
Maintaining road.
Repairs of machinery
Operatii g ihc road...
285,2.M»
2S»ifioii
15,fl9',e.|ti
I
3|s64,'!6fi
15o[l68
$513
(ins
198,26?
l,:-8«i,;0.)
Total
$2,2fc>,:i"
Earningt.
Passengers
#248l'04
"
f,™ *
Othcrtouices
1
1,S2<707
245.44S
Total
t3.S64.060
Payments for other than conitrwtion.
Transportation
"""
Interest
Dividends-Two of
;
4
percent
surplus fund
Tatal
Total surplus fund.
passengers.
$734,275 67
.
freight
.
(* 222 377
^mnof
ISO 000
1,5- 0.000
61,683
TOm?
2,911,5 S 80
162,486 11
iwwior»
Tot* 1
*i,osa,m
report says
From
From
67318
Deficit past year
2.655
M
M
Mf.'sOS
.»WMM"ii
n
Deficit
12,83:)
ii
EAHNINUS.
l';,24'i
25.070
,,.
|»it'o£J
..............'.'...'.'.'.'.'*.'.'!"
Total
Other sources
$.«,2.M
Total
The
231
919
sea
66 508
2,00'
,,
.
Sff'llO aa
lBiu'-iiTi
M»,M*»
Mliuvraneoue
Tolls on other roads
10,251
56,381
'.
in the foregoing statement
airs aan -m
a|\|7o »0
~a~4l,4tg la
pass Migera carried during year
tona of freight
78,i:o
li.t
Extraordinary expenses
Uonst uctton account...
Loss by (Sylvester Siaa & Co
Ten per Cent deducted by P. O. Department, three months
Paid acclaimed dividends
Balance cash assets carried to new account—
Ca.-h in Stonlngton
Due from connecting roads
Due frem M. Morgan's Sons
Duo from Providence & Stonington S. S. Co
Due from Warwick Railroad
Due from P. O. Department
To
...
xxr-imrs other tbuk ron const*uctiok.
(111! Mi;
ToUl
1
Numher of
Numberof
TIAB.
853,69*.
(if
O0»T OF ROAD AND «G,Uir«II«T.
Expended by receiver up to 40 h September, 1876
Total expondod by recuiver up to September, 1977
Expended during year
68,590—
Balance. fa?h assets from last annua! report
ed
We
Atlantic ft Great Western.—
gave, recently a statement
of this company for the year ending June 80. The
annual state,
ment, as made to the State Engineer of New York,
for the 7
rear
ending Sept. 30, baa the following
4.560
19,000
I
I
591
UJ2NERAL INVESTMENT NEW8.
$8833
Mail service
lull res ace ii ii t balanco account*
Routs, halanca accnunla.
110, n78
88.
U
Atlantic ft Pacific Telegraph Company.— The board of
managers has ordered the distribution of the Franklin Telegraph
stock, owned by the Atlantic ft Pacific Telegraph
Company, to tho stockholders of the latter company. It owns
0,290 shares of the Franklin stock ont of a total of 10,000 of $100
each. This is equal to a dividend of about 4 per cent on the
Company
capital stock of the Atlantic
Central of Iowa.
— The
&
Pacific
Company.
Master, appointed by the
United States Circuit Court to take the votes of the bondholders
on the various plans of reorganization, reports that 540 holders,
representing $2,591,000 of bonds, have voted, of whom 14, representing $398,000, voted for the Cowdrey-Sage plan, and all the
rest for the original or Cate plan.
Special
Central of New Jersey.— The plan recently submitted by the
committee has not met with as prompt acceptance as they desired, some of the bondholders claiming that floating debt creditVarious reports are curors were too much favored in the plan.
rent as to what will be done one of them to the effect that the
consolidated mortgage bondholders will foreclose.
—
A
Cincinnati Hamilton ft Dayton.— meeting of C. H. & D.
directors and of bondholders of the Cincinnati Hamilton & Indianapolis mad was held, Dec. 13, in Cincinnati, at which President
iSho -maker made a new proposition in regard to the bondsfoffjlhe
latter road, the forthcoming interest on which the C. H. & D.
claims an inability to pay. Th« proposition was that the bondholders scale their bonds cf $1,800,000 down to $900,000, taking
for the $900,000 which they would lose the same amount in stock
This was rejected, but a proposition to scale the
of the road.
bonds one-third was passed by a bare majority.
Sandusky* Cleveland.— An
adjourned meeting
December 7, when the committee presented a report recommending that Receiver Fallow be
replaced by a new receiver, because he is a large owner in Ihe
Columbus Springfield & Cincinnati road. Mr. Farlow protested
aga!nst his removal as UDJust, and after some discussion the
whole question as to action for the removal of Mr. Farlow and
the appointment of a new receiver was referred to a committee,
consisting of Frank Thompson, C. L. Young and Edward F.
Cincinnati
of bondholders
Davis,
who
was held
in Boston,
are to report to an adjourned meeting.
City of Lawrence, Kansas.— The city of Lawrence, Kansas,
has a direct debt to-day amounting to over $500,000, and with
its proportional part of the debt of the county of Douglas her
obligations amount to nearly $&50.000. With an assessed valuation of something less thau $2,500,000. the city claims that rome
compromise must be made by her creditors, or that the city will
end in bankruptcy and ruin. The city authorities say that they
are desirous of doing all that their resources will permit, and
offer to cred.tors in place of old bonds a new 6 per cent bond,
with a provision for a sinking fund and a present levy for the
interest.
The new binds are to be given in exchange at the rate
that the dty
of 50 per cent for ihe old bonds, snd in this they say
has offered all that ii can possibly pay. Mr. Frank Morison, of
Boston who lately, at the request of bondholders, m ide an exam" I would, therefore, say to
ination of the city's affairs, says:
any one who is unfortunate enough to own any of these railroad
debt. No
aid bonds, it Is impossible for you to collect your tsAo.s
tie end to
matter bow obstinate you fight you will be forced in
compromise, and, when it comes to compromising, I do not think
you will ever get more than fifty cents on a dollar out of the
communi:y to pay heavier
city, because it is not possible for a
taxes than such a compromise will mtail."
Wall street.
Messrs. George William Ballon ft Co., bankers, 8
New York, and 73 Devonshire street. Boston, have been appointed
bondholders, bare acfinancial agente, and, at the request of
cepted the trust.
—
This railroad, purchased otna
Detroit Eel Ri»er ft Illinois
Joy and Elijah
time since ft foreclosure sale !or $750,000 by J. F.
of ats< elation. The
Smith, has reorganized and filed articles
Bbare • ol ,10° e* Cl'caP u »» "° ck is HMO- 000 ' witu
J
THE CHRONICLI
592
Hannibal & St. Joseph.— The committee appointed at the
meeting of stock and bond holders on October 18th, 1877, of
-which Mr. W. B. Leonard was elected the chairman, make a report from which we condense the following " The committee requested Mr. Richardson to place his resignation in the hands of
the directors, which was done and the resignation was held by
them until his term of office had expired. The committee called
upon Frank Work, Esq., who had made the loan referred to at
the meeting of the stockholders. They found that one hundred
and sixty thousand dollars ($160,000) had been borrowed from
Mr. Work in good faith for the temporary use of the company,
and had been properly applied that 7 per cent per annum was
the interest upon the loan, without commission or bonus. The
loan has since been paid and the collaterals returned to the company ." The committee then refer to the removal of the receiver,
and say " We found that there was nothiDg in the condition of
the property or the finances of the company which justified, or
furnished any excuse for, the appointment of the receiver, as
the company was not, and had never been, in default on any of
We are satisfied that the receiver's appointment
its obligations.
was the Tesu't of a conspiracy to wreck the road, the secret history of which we now possess. Our investigation disclosed the
:
;
;
:
[Vol.
XXV.
Company, and they desire to get a conveyance of the franchises
from the Farmers' Loan and Trust Company. The decision was
reserved.
Philadelphia nnd Reading.— Mr. Chas. E. Smith, formerly
president of this company, has printed a report in Philadelphia
charging mismanagement in the years 1371-5.
Mr. Smith, it
seemB, was permitted to act as an investigating committee in 1876
with Messrs. J.B. Lippincott and Isaac Hinkley, and tbey made a
rpport Nov. 29, 1876. which has never before been made public.
The report is denied by Mr. Gowan, president of the company,
so far as its conclusions go, and be says the refutation is in last
year's annual report, and will be repeated in this year's report.
The report of Mr. Smith's committee has the following:
The committee appointed to investigate the accounts respectfully report that they have made such investigation as appeared
to them necessary, and present the following stattment made up to
fact that the management of the road, prior to the summer of
1875, was very bad it was wasteful and extravagant. This accounts for the low range of prices of all the securities and
stocks."
The committee's report consists entirely of conclusions and
generalities, and contains nothing of facts and exhibits not
—
heretofore published. The points most wanted by the holders of
securities are full and detailed statements of the operations and financial condition of the company in every one of the past five years.
They wish to have an opportunity to form an opinion of their
own as to the real worth of their securities, and it is to be hoped
this will soon be forthcoming, as the committee say that " the
president and directors have employed the services of a competent and experienced expert, who has already commenced a
thorough investigation of the company's affairs, and if found advisable will reorganize the company's system of book-keeping."
Nov.
when $'.0,000,000 of bonds have been issued.
joint balance sheet of the Reading Railroad and
30, 1875, sines
They present a
the Reading Coal and Iron Company, by which is shown the
and binds of the two companies, the cost of the railroad and its equipment and the lands, as follows in round numbers
total stock
:
Reading Coal and Iron Company
$54,000,000
5%000,(>00
Represented by stock
Represented by bonds
Floating debt
$109,000,001
35.000,000
76.000,000
7,000,000
Railroad
$113,000,003
Tolal
difference of $9,000,000 being represented in the current
business of the Company. Included in the cost of the lands are
$300,000
Loss in working, abnnt
14,100,000
And discount and interest
The
:
$14,400,000
Total
statement marked " B," showing the net result of the business of the Railroad Company and the Co«l and Iron Company each
year since 1871, showing a total profit for the five years of $2,317,680, and dividends declared by the railroad company, $18,040,Joliet & Northern Indiana.— At a meeting held in New
leaving a deficit of $15,693,583, of which $2,230,175 is disYork, December 7, the bondholders rejected the proposition made 264;
count on bonds sold. How much of this item of interest is properto
issue
the
road,
lessee
of
by the Michigan Central Company,
development is subnew 7 per cent bonds in place of the over-due bonds, principal ly chargeable on cost of lands during their
mitted to the Board.
and interest to be guaranteed by the lessee. A committee was
A statement showing the amount of the floating debt on Nov.
appointed to confer with the lessee.
30 in each year since 1871, and the amounts transferred on Nov.
Maryland & Delaware.— This road will be sold, December 20 30, 1873 and 1874, from the books of the Railroad to those ot the
under foreclosure of the first mortgage.
,
Coal and Iron Company, and so excluded from the amounts of
A meeting of the bondholders was held in Boston, December " Debts due by the Company" given in the annual reports to the
6, at which a committee was appointed to represent the bondstockholders, such amounts so excluded being
holders at thb foreclosure sale, and to take such action as they For 1873
$1/97.000
l,935,C0O
For 1814
may deem expedient to protect their interests.
A
—
:
&
—
Mobile
Ohio. In the matter of the appeal from the order
for the sale of this road, the United States Supreme Court on
December 10 made the following order
On consideration of the motion to dismiss this
Appeal and of the argument
of counsel thereupon had. as well on behalf of Hays, Pierson and Dupuy and
Duncan and Elliott, in support of the motion, as of counsel against the same,
it is ordered that said motion he and the same is hereby denied.
And on motion
of counsel for Hays. Pierson, Dtipny, Duncan and Elliott, it
further ordered that the operation of the supersedeas arising opon this
ap, eal be so far suspended at to allow sale to be made of the mortgaged
prvralw*, jn pursuance of the decree below; and that the commissioners
appointed to make the sale conduct the same in all respects as directed by
the decree, except that the portion or share of the proceeds which would
enure to the benefit ol the appellants by the reversal of the decree, so far as It
sustains the validity of the coupons of 1674, be paid In cash to the commissioners, and by them into the Registry of the Circuit Conrt for the Southern
District of Alabama, to await the disposition of this appeal and the further
order of the Court thereon.
is
Jersey Southern.— General Manager W. S. Sneden has
submitted to the trustee a statement for the three years and nine
months from Jan. 1, 1374, to Sept. 30, 1877, in which he gives the
$3.53 J,009
Amounting together to
statement analyzing the operations of the Reading Coal and
Iron Company, and showing a net loss in working in five years of
The operations of the Cjal and Iron Company are
$297,443.
Eroperly to be considered in two clasies: First, collieries worked
y the Company, and second, collieries leased. The loss on colthe gain on
lieries worked by the company has been $2,059,635
those leased, that is the amount of rovalty received, is $1,753,191,
leaving the net loss above stated, $397,443.
A
;
eTATEMENT
SHOWING NBT RESULTS FOR FIVE TEARS.
-From which deduct
B,
.
& a a
*&
ri*d
°
i
Gross earnings
Old accounts, &c
$1,8 9,748
7, £87
$3,993,27i
$361,262
2,911,439
4,130,779
3,915,171
2,303 011
a 8,370,611
4 3,770,159
1814
.
..."
T* •
"3 0.
K
a
O
UBa «3 a
sj
$1,030,610
517,550
582.259
39,430
$56,379
124,8(1
177,878
135,781
$3,410,631
8,598, 191
3,51*3,384
3,701,601
LOr 8.
c 4,781,124
174,918
$15,038,259
$669,717
2,861,918
Ac
d
$17,903,803
113,521
114,801
S,094,1M
3,736,255
$16,010,264
$2,1 15,765
Reserve fund
.
801,911—
1370
Balance
$113,810
and
liabilities Sept.
30 were as follows
Cash balance
Total assets
Liabilities for wages, supplies, connecting lines,
Surplus of assets
:
$121,729
23,158
Agents' balances, accounts dne, <tc
$t.'2,683
<fcc
2,317,689
1,703,495
$15,8&3,583
Deficit
39,017
$113,840
For the year 1877 the returns for nine months, with approxifor ihe remaining three mouths show a falling off
of total earnings compared with last year of about $58,500. The
operating expenses were reduced over $43,500. The net revenue
was about $58,000, cr $15,000 leas than last year.
mate estimates
New York and Boston. — Application
was made in the Brooklyn Supreme Court by the Farmers' Loan and Trust Company
about the company's power, under the net of
1876 to convey the New York and Boston Railroad to a majority
of the bondholders of the road.
The railroad was bought in
trust for the bondholders under a foreclosure for $3,280,835,
made by the trust company under a decree of the Court. These
bondholders have now iormed a new company to operate the old
road, called the New York Westchester & Pu'nam Railroad
for information
Ms"
w
Trofit.
1871.
1812
lfll
$1,415,173
Construction, equipment,
Expenses of foreclosure
floating assets
M'> B o
$1,817,338
Working expenses
The
I
j
**
s-Sssa-'o
IS75
Total
O O
<!
ti
L-
I~
UC£W
'
M
'
New
following
SJ3T3 »,„
"
O
"M
«r35|»-
Philadelphia
Coal and Iron Company
mining for Increased Talus of Improvements, per
& Reading
a $400,030 credited
to
appraisement.
6 $753,137 credited.to
mining
for value of supplies
and dead work
at
col-
lieries.
c $871,215
charged to profit and losj for depreciation In improvements, bad
debts, Ac.
d Includes discount on mortraje loans
$71)3,633; 18:5,$515,193;
In 1871
and 18U, $917,293;
1874.
total, $2,2*6,175.
The substance of the above report may be briefly summe d up
in these three points
First. The real earnings of the railroad and the coal and iron company
since 1871 have been $i.817,63J, and the dividends paid by the railroad,
:
$13,040,261, or over seven times the real profits.
*ecoud. That on two occisions th<? amount of the floating debt was transferred on the day when tha b ioks of the railroid company were to be balancjd from the books of ihe railroad to those of the coal and Iron company,
and so concealed from the -Joard and the stockholder*.
Third. Tnat the lost on the collieries worked by ths company has been
$2,050.6 15 and the »a n on those leased ua-i ben $1,753,191. The difference
being the net loss, $217,4,3.
(Igdensburg.— The Mercantile Trust Company of
Portland
New York, for itself and others, have filed a bill in equity in the
&
United States District Court of Vermont against the Lamoille
The defendants are the
Valley Railroad Company and others.
Lamoille Valley, Montpelier & St. Johnsbury and the EsBex
DEOKMnEn
THE CHltONICLK
15, 1877.
County Railroad Companies, these roads forming the Vermont
lion of the Portland & Ogdensburg Railroad, and Luke P.
Poland and A. J. Jewett. The bill Beta forth that the orator is the
in iir»t mortgage bonds of these
owner and holder of $100,0
consolidated roads, of which bonds $2,300,000 were issued that
four instalments of Interest are in arrears, and the companies Insolvent that in April, 1870, said companies being about to fail,
certain parlies, desiring by fraud and device to obtain control,
Started a scheme of a second joint mortgage of $500,000, which,
by agreement of the fi-st mortgage bondholders, was to have
preference over their mortgage that to obtain such agreement
they represented said su:n would complete the lino and enable
thera to resume payment of interest immediately, and they deIt accuses Poland and
ceived the first mortgage bondholder*.
Jewett of a breach of trust, and asks for their removal and the
appointment of a receiver.
Commercial tfrinico.
COMMERCIAL EPITOME.
&!):
;
;
;
Savannah City Debt.
—
—A
press defpa'.ch
as follows:
is
BATANIIAH, Dec. 13. The Bondholders' Committee to day met
in conference with the Finance Committee of the City Council to
take action in regard to the city bends. The
York and
fltlDAT NlOIIT, Dm, 1 J. 1877,
General trade partake.* of a holiday character. Va »«
u
have
been subject to many conflicting influences. The fall of
Plevna
gave rise in some quarters to strong hooes of an early restoration
of peace, and caused a momentary Improvement In
cotton and
depression in breadUuffo.
The political troubles In Paris however, counteracted the effect of the fall of
Plevna, and' when
peace in France seemed finally assured, It had an effect in
the
cotton market. The probability of the passage of tho silver
bill
has caused an advance in gold and exchange, and freights have
been slightly cheaper, but exports have not b«en much increased
thereby. There is, at the close, a very unsettled feeling in
trade
circles.
Pork has been greatly depressed, but closed with a better
demand, at $13<a$13 25 for mess on the spot and sales at $13 10
@$13 15 for Feb. Lard has declined sharply in the past few
days, and to day was active at the reduction— prime Western
selling freely and closing at $8 85 on the spot,
$8 821 'or Dec.
and Jan., $8 40 for Feb., and $8 50 for March. Bicon has
declined to 6J@6Je. for Western long and short clear, with large
sales for D.-c. and Jan. delivery at these prices.
Cut meats are
also decidedly lower, especially for smoked.
Beef is in good
demand, but beef hams are quiet. Tallow is about stead/ at
7J®
Butter has been dull and drooping, especially the
7 9!Gc.
medium to good qualities, the supply of which exceeds the
demand. Cheese has met with a good demand and is a fraction
New
Charleston holders were represented by Or. W. Williams, oi
Charleston, the Augusta creditors by W. E. Jackson, and the
Savannah holders by J. M. Guerard and Henry Hull. The city
submitted a proposition to issue new bonds to the same amount
as that of the existing ones for thirty years, paying 3 per cent
for the first ten years, 4 per cent for the second and 5 per cent
for the third ten years.
The bondholders rejected this, and proposed that the city issue coupons maturing oa July 2, 1878, in
long bonds at 5 per cent., the city to pay the interest on all the
bonds after that date to a commission composed of persons not
connected with the city government, the rents of the city to be
paid to said commission, who will invest the same in city bonds
only the city to levy a tax t ufficient to pay the interest and
current expenses. This was rejected by the city authorities, and
the matter practically remains in stitu quo.
The following
higher.
is
a comparative
hog products from October 27
;
to
& Gulf.— This
road was offered for Bale at Salma, Ala.
November 19, under a decree of foreclosure granted by the Alabama Chancery Court. No hi is were offered and the sale was
adjourned.
Springfield
road
is
& Northwestern.—This
road will
be cold
December 28, under a decree of foreclosure.
completed from Spriugfield to Havana, 47 miles.
Springfield,
III.,
Total, lbs.
The progress
At—
in
of exports of
inclusive :
18?6.
Decrease.
t,MOL800
5,812,800
B.TM.MO
5H,18\0»9
3i,S4*,6il>
47.971,358
67,016,?.
3.207,617
19,065,351
10S.1JJ,95J
25, 503,788
82,919,187
of the slaughter of
swine has been as follows
Nov. t to
Dec. 5.
The
Nov.
I to
Dec. 8.
1W«.
1877.
Chicago
No.
Cincinnati
St Loui.-
Western Union Telegraph.— The following report is made
for the quarter ending December 31, li77
In the report preaented by the executive committee at thn last quarterly meeting
Milwaukee
t,\<<
Lonisvillo
of the board, held September 12, 1877, the net profits for the
quarter ending September 30 (August being partially and September wholly estimated), were stated at $793,100. The official
returns for the quarter (ending September 30) showed the profits
to he |775,931, or $16,169 less than the estimate. The following
revised statement, based upon complete returns, will show the
condition of the company at the close of the quarter ending
September 30. 1877
570.0-0
180,000
160,000
110.0CO
75.000
90,000
n
115,000
i
Total six points
Allothvr (estimited)
Grand
540000
189,000
90.000
51.000
Indlanspols
:
Sarplus. Jnly 1, 1377, as per last quarterly report.
Net profits, quarter ended September 30. 1S77
8,
1ST?.
Pork. lbs.
Lard, lbs
Bacon, &c, lbs
.
Seluta
summary
December
umjSt
1,046.000
575.454
toial
636,4*3
1,821,423
1,621,454
Kentucky tobacco has continued in fair demand, but mainly for
export. Sales of the week are about 800 hhds. of whbh 150 were
Prices, however, have
for home consumption and 650 for export.
lugs are quoted at 3±ta5c. and leaf
$73,035 continutd to favor buyers
775,931
6@llc. Seed leaf has remained very dull, and the sales for the
week are only 537 cases, as follows 50 cases sundries, 5@16c.
$851,"<jl7
170 do., 1876 crop, N. England, ?*, 9, 15@18c; 56 do., 1876 crop,
Pennsylvania, 12}c; 50 do., 1876 crop.Wisconsin, p.t.; and 211 do.,
187" crop, Ohio, 4J to 14c.
There has been a fair demand for
Spanish tobacco, and the sales are 400 bales ,at 77Jc.y |l 10.
Rio coffee has latterly been more active, and quotations close
760,151
with a pretty firm tone; fair to prime cargoes quoted at 18|(/i20c.
Stock here in first hands on the 12th inst., 58,487 bags.
gold.
$P0,86o
Mild grades have been more active and firm. Recent sales
include 11,701 mats Java, ex sundry vessels; 4,700 mats Singapore, ex sundry vessels 4,098 bags Maracaibo; 3,952 bags La*750 138 guayra; 346 ba?s St. Domingo; 575 bags Savanilla; 841 baga
90^865
Angostura 350 bags St. Domingo in transit to Europe.
Rice is in moderate call and steady. Molasses is quiet for fortS",004
eign, but new crop New Orleans has been quite active at 85(ii4Sc.
Refined Bugar is in fair demand, partly for export, at steady fig.
ures; standard crushed, 9$(®9Jc. Raw grades continue quiet and
;
:
B
tl u
From which
Dividend of
j j
a
deducting:
ltf per cent paid Oct. 15, 1877...
One quarter's Interest on Bonded Debt
One quarter's proportion of Sinking Funds
Construction account for qnarter
Sundry telegraph stocks, patents, Ac
Tliero remained a surplus October
1,
$525,325
.
.
Jl 1.674
,
20.000
97,962
4.589
1S77, of
The
net profits for the current quarter ending December
31 instant, based upon official returns for October,
nearly complete returns for November, and estimating
the badness for December, will be abont
Add surplui October 1, as above
,,,
,
.
,
.
.
i rota which appropriating
One
One
:
quarter's interest on bonded debt
quarter's proportion of sinking funds
$112,000
20,000
;
;
132,000
Leaves bilancc of
001
A dividend of IX per cent on the capital stock outstanding requires. $709
525,931
Deducting which leaves
8183,072
la view of the preceding statements the executive committee
recommend that a dividend of 1| per cent be declared payable
on the 15th day of January next, to stockholders of record at the
close of business on the 20th day of December, instant.
The Western Union directors have ratified a contract recently
made with the Central Pacific Railroad Company for the lease of
the telegraph wires of that company west of Salt Lake City, for
five years.
This includes two wires all the way, and a third wire
a^ considerable portion of the distance,
from Salt Lake to San
Francisco, and between 2.000 and 3,000 miles of wire in other
parts of California. These lines have heretofore made conneo
tion with tho Atlantic & Pacific Telegraph Company.
The Tribune says "In dividing the shares (6,300) of the Franklin Telegraph Company held by tb.9 Atlantic & Pacific
Com-
—
:
pany among the stockholders of the latter, the object is to place
the stock in the hands of its real owners before it passes under
the control of the Western Union management. By this means
the Western Union will be deprived of a controlling interest in
the Frank'in stock, which it otherwise would have had after the
next annual election of Atlantic & Pacific directors.
It
is
known that the Western Union managers are not pleased with
the action of the Atlantic & Pacific directors, and that an effort
will be made to prevent the distribution of the stock."
unchanged
:
fair to
good
refining, 7j@7fc.
Boxes.
Ba*s.
K,»»
196.7T*
M,410
4 '.1"
4,8*8
8.583
18.5S7
17i.4'fl
u
!*.«»
15.491
9t>.511
t,l»
Hhds.
42.9M
Stock Dec 1,1877
7.60?
Kcceipts dnce Dec. 1,1877.
Sales since Dec. 1, 181?
Stock Dec. 11, 1877
Stock Dec. It, 1816
*.Wo
1*
110
130
There has been some slight advance in rates of ocean freights
room, but charters have remained more or lesa aa
for berth
before.
On
business has been repirted.
but rate* without important
do. to Lonto Liverpool, by steam, 7fc38d.
the whole, a very
Today, business
was
Grain
changes.
don, by steam, 84@8 T d.
fair
qniet,
;
flour to Glasgow, by sail 8s. ; grain to
Channel,
Cork for orders, 6i. do. to Penarth Roads and Bristol
caaee
for orders, 4«. 6d
5s. 7,d.(36s. ; refined petroleum to Cork
to Palermo, 25c., gold.
role,
Naval stores have been moderately active, and, as a
common to
Spirits turpentine closes at 33 Ic.
pretty steady.
has been quiet
good strained rosin, $1 70(0 *1 724. Petroleum
bble 18ic asked.
but eteady ; crude, in bulk, 8c. refined, in
i
;
;
;
;
been done
American and Ssotch. pig Iron little or nothing has
In rail*, liberal
and tho feeling is rather weak and irregular.
current that 40.000 tons steel
sales are pending, and rumors were
Company, but no
have been taken by the Pennsylvania Railroad
remains steady, w.th
particulars can be given. Ingot copper
Grass seeds hava
late sales of 125,000 lbs. Lake at 17,317*:.
lb. forplover, a.d $1 S5«
per
at
Sr^Sfe,
drooping,
and
dull
been
Whiskey la quiet at $1 10. tax paid.
$1 40 per bush, for timothy.
Iu
i
THE GERONtoLE
594
O
XXV.
[Vol.
OTT ON.
place in the face of some improvement in gold and exchaDge, by
which the operations of exporters were favored. Receipts at this
Fbiday, P. M., December 14, 1877.
market have been more libera], but stocks have not increased.
the market was quiet for spots, and prices nominally
The Movement of the Crop, as indicated by our telegrams To-day,
unchanged. For future delivery, the speculation has been less
from the South to-night, is given below. For the week ending active and the market from the close on Friday last, continued
this evening (Dec. 14), the total receipts have reached 202.805 to decline throughout Saturday, Monday and Tuesd.y.
On
bales, against 174,365 bales last week, 172,216 bales the previous \Vedneeday the opening showed further weakness, and the lowett
figures of the week were made, as follows
D.-C
1134c; Jan
week, and 200,980 bales three weeks since, making the total rell-38c; Feb, 1148c; March, 11'oOc; April, 1174c; showing a
ceipts since the 1st of September, 1877, 1,876,687 bales, against decline of 26@33 points from the highest figures of the previous
2,227,834 bales for the same period of 1876, showing a decrease week, which were on the Wednesday before. The influences at
since Sept. 1, 1877, of 351,147 bales.
The details of the receipts work have been active, but conflicting. The fall of Plevna
raised hopes of an early restoration of neace, and caused a temfoT this week (as per telegraph) and for the corresponding weeks
porary advance in prices; but this influence was more than counof five previous years are as follows
terbalanced by the poliiical excitement at Paris, the increased
receipts at the ports, and the return of excellent weather for
1877,
1815.
1874.
1873.
Receipts this week at
1876.
18-i8.
picking at the South. The reaction on Wednesday from the
lowest prices of that day was caused by purchases for the early
62,815
59,747
55,986
New Orleans ..
63,398
61,715
34,996
months by some of our leading Greek houses, and by the demand
23,12>
23,179
19,444
20,091
18,314
Mobile
13,893
to cover contracts which invariably springs up alter a sharp
23,1'26
19,960
22,366
24,144
22,3(10
Charleston
decline has occurred.
The market opened yesterday quite buoy,
14,087
|
1.8S9
1,091
1,020
1,803
Port Royal, &c.
ant, on the peaceful advices received from Paris, but the close
Savannah &c.
24,358
30,615
33,684
25.153
34.968
30,479
was depressed by the decline of silver at London and the bel82,531
20,693
Galveston
23,816
28,86 i
ligerent epeech of the English Secretary of War on Russo19.975J
9,563
\
Indianola, &c...
1,325
433
933
637
556
Turkish affairs. To-day, there was further depression and prices
Tennessee, &c.
10,628
11,8.3
7,146
10,075
5,487
5,415
declined 6@9 points.
Florida
699
989
1,095
701
411
323
The total sales for forward delivery for the week are 3)6,300
North Carolina..
10.451
6.072
6.063
5,529
bales, including
free on board. For Immediate delivery the total
8,779
2,630
Norfolk
16,45'
17,745
sales foot up this week 6,791 bales, including 2,811 for export,
17,971
22,928
19,314
12,975
City Point, *c.
631
3,913 for consumption, 67 for speculation, and
2,5 i3
1,358
595
in transit.
1,239
1,066
Of the above, 2,606 bales were to arrive.
The following tnbles
Total this week
302,805
196.435
193,612
18S,434i 196.481
125,35'
show the official quotations and sales tor each day of the past
;
:
,
,
:
—
|
—
,
[
Total since Sept.
l,876,687|2,227,8i4|l,957,5281, -21,858 1,524,615 1,559,220
1...
The exports for the week ending this evening reach a total of
133,938 bales, of which 76,007 were to Great Britain, 30,433 to
France, and 27,498 to rest of the Continent, while the stocks as
made up this evening are now 743,611 bales. Below are the
stocks and exports for the week, and also for the corresponding
week of last season:
Exported to
Week
ending
Dec. 14.
Great
Britain.
New
Orleans*....
France
Continent.
16,842
12,497
23,729
Mobile
Bavannab, &c. ...
week.
1876.
53,063
4,620
8,3(2
5,299
4,416
5,679
17,230
80,872
3,637
4,985
1,910
10,512
19,214
7,868
568
1816
293 050
50,257
Sat.
Dec.
Ordinary .. ..»
Strict Ordinary
Wood Ordinary
ft.
UH
8*
11*4
Fair
it*
89,178
8trlct
91,067 120,537
9,419
91,447 206,501
12,950
4,452
83,151
52,809
9,123
7,u63
56,000
33,000
Total since Sept.
1
76,007
30,433
27,498
133,938
563,10,8
149.899
136,818
871.325
126,796 743,611
,'
'
;
10*
11 3-16
11
5-16
11*4
li
11
11
3 16
5-16
11
11 5-16
11
7-10
11
11
11*
11*
12*
12*
13*
12*
!i*
12*
'.3
13
13
12
9 15-16
10*
10*
10*
5-16
7-16
10*
12 15-16 12 15-16
Dec.10.
11
15-6
10*
!*
U
11-16 11 ll-l 11 13-11
15-16 11 11-16 12 1-16
11
7-16
12 7-1
12 9-'.6
15-16 12 15-C 13 1-16
Tn.
1-
10*
10Y
12
12
13
Tn.
FrI.
9-16
13-16
1-10
9-16
1-16
9 t5-ll
1-10
10
I0K
;o*
10*
10Y
1*
11*
11*
11*
UK
II*
7-16 11
ll-:6 11
11 15-16 11
2 7-16 12
12 15-16 ,2 15-16112
1!
11
10*
10*
11*
1; 1-1»
13-16 11 13-16
11
12 1-16
li 9-16
13 1-16
Tn.
12 1-11
12 9-l«
13 1-1*
FrI.
D.C.13. DeC.14.
10 1-16
:0 1-16
10*
10X
10 15-16 10 15-16
10*
10V
10 15-H
11*
11*
UK
10 1-16
11'*
%
10
10 13-16,10 13 16 10 15-1
Dec.U.
10 1-16
11 9-16
FrI.
Dej.H. Dec.13. Dec.ll
10*
10*
1-16
5-16 10 15-16
10
II*
11*
'.I*
11
Dec.U. Dec.13
Ordinary
V ft. 9 15-16 9 15-16
8trlct Ordinary
10*
19*
Good Ordinary
10*
10*
Strict Good Ord'ry 10 13-16 10 .3-16
Low Middling
11*
U*
Strict Low Mlddl'g '.IK
1U
Middling
11 7-16
11 7-16
Good Middling..
11 11-16 u H-:6
Btrlct Good Mlddl'g 11 15-16 11 15-16
Middling Fair...
12 7-16 12 7-16
*
12 7-16
-.2
U 6-H
11*
11*
12*
12*
13*
Dec.ll
Y
9-16
11
11
11*
11*
12*
12*
13*
toy
10
10 15-16 10 15-11
l'V
7-16
II
7-16
10 1-16
UK
u*
10
11*
UK
11
11
Frt.
12
10 1-16
9 15-11
to*
10*
"*
1
Fair
Mon,
W*
Tues Wed. Tues Wed
Wed
9 15-16
10*
Middling
II*
11*
Strict Low Mlddl'g 11*
liK
Middling
11 1-16
11 7-H
1-10
Good Mldddni;..
11 H-16 11
Strict Good Mlddl'g It 15-16 11 15-16
Middling Fair...
12 7-16 12 7-16
<>
8.
11
11 5-16
11
11*
II*
12*
12*
n*
10 13-16 10 13-16 10 13-11
Low
dTc'Vs
:
10*
12*
959,310
New Orleans,— Oar telegram to-night from New Orleans sdows mat
above exports) the amount of cotton on shipboard and engaged for shipment at
that port la as follows: For Liverpool. 5(1 500 bales for Havre, 50.250 bales
foi
the Continent, 19,500 bales; tor coastwise ports, 4,250 bales; which, If deducted f ron
the stock, would leave 121,E0J bales, representing the quantity at the landing and
li
priini unsold or awatllug orders.
t Galveston— Our Galveston telegram shows (besides above exports) on sbua thLl £ port D0t cle ared: For Liverpool, 26,719 bales; for other foreign.
??,„>.
6,602 bales; for coastwise ports, 1,50-! bales
which, If deducted from the »w^«.
stocs
would leave remaining 53.1S4 bales.
.
x >< rts th week "2 nder Ih head of "other po-ts" Include from Baltl.
^
„l 111 SSail
J !; J ;
.
more.
Dales to Liverpool ami UC0 bales to Bremen
from Boston, 2,420 bales
T
ro l,
113 993 »»'<* to Liverpool, and 100 to the Continent;
f'P'
Sn™ Wilmington,
wnmi „ i. i 4,130
^y, bales
!
from
to Liverpool.
3-16
5-16
Hii
Good Ordinary
10*
Good Ord'ry. 10 13-16
1.017,333
;
11
9 15-16
ft
Fair
Total thia week..
Sat.
Dec.
De:.ll. Dec.12. Dec.U. Dec.1'2. Dec.ll. Dec.12
89.055
V
11
lues Wed. Tues
Cotton.
Mon
Sat.
10
10
10
10
10*
10*
10*
10*
10 7-16 10 7-16 10 7-16 10 7-16 10 9-16 10 9-16 10 9-16 10 9-16
10 11-16 10 U-16 10 11-16 10 11-16 10 13-16 10 13-1C 10 13-16 10 13-16
Middling
Good Middling
Strict Good Mlddl'g
Middling Fair
New
Sat. Iloii.
Dec.10. Dec. 8. Dec.10. Dec. 8. Dec.10
10*
75,427
11,248
lion
Good Ord 'rv. 10*
11 3-16
Low Middling
Strict Low Mlddl'g 11 5-16
104,403
9,213
8.
Strict
Strict Ordinary....
8,650
!,-200
Cotton.
Ordinary
807
ORLEANS.
N.
New
70,685
785
12,950
7,923
1877.
39,227 251,831
3,623
7,135
7,765
Norfolk.
this
Same
week
Total
Stock
week:
11*
11*
11 9-16
11 9-16
11-16 11 1S-.6 11 13-16
15-16 12 1-16 12 1-16
7-16 12 9-16 12 9-16
16-16 13 1-16 13 1-16
7-11
U*
11 9-16
1! 9-16
13- 6 11 13-14
12 !-16 12 1-19
12 9-16 12 9-11
13 1-16 IS 1-H
11
;
,
:
.
From the
foregoing statement it will be seen that, compared
with the corresponding week of last season, there is an increasi
in the exports this week of 7,142 bales, while the stocks to-night
are 215,669 bales less than they were at this time a year ago.
The following is our usual table showing the movement of cotton
mtall the ports from Sept. 1 to Dec. 7, the latest mail dates:
BECEIPTS
SINCE SEPT.
PORTS.
187?.
EXPORTED SINCE SEPT.
1.
1816.
Great
Britain
France
Other
forei'n
1
TO—
Total.
Strict
Ports.
600,873
Mobile
153,428
187,850
17,704
1,350
800
19,854
85,466
50,577
Charlest'n*
237,553
302,709
43,294
29,436
21,503
94,333
63,812
16,823
Savannah
..
297,154
276,891
51,464
12,418
27,846
91,728
117,211
100,-95
Galveston*.
206,801
282,941
36,103
8,618
1,401
46,122
77,619
85,444
Hew York..
22,101
35,195
95,686
1,668
16,885
115,659
2,628
9,782
N. Carolina
Norfolk*
Other ports
72,955
72,458
7,220
1,780
1,655
10.C55
29,335
211,460
3I7,C97
45,420
1,800
47,250
146.913
22,932
41, 08
41,857
6,000
47,357
487,101 119,456 131,320
737.SS7
.
Tot. this
yr. 1,678,682
143,853
64,176
52,025
365,0.4
70,435
246,974
Monday
2,628
.
..
Thursday
.
Quiet steady ,low.
Quiet
Steady ,unch. quo.
Quiet, unch. quo..
....
100
Un
total of
the telegraphic figures, because in preparing them it is alwi ys
necessary to incorporate every correction made at the ports.
The market for cotton on the spot has been moderately active
for consumption and export, but prices were not sustained, a
reduction of l-16c. in quotations having been made on Tuesday,
irom Hjc, for middling uplands to 11 7-16c. This decline takes
10*
10*
10*
10*
10*
11
11
11
11
SALES.
Spec-
Tran-
1,050
1.301
sit.
FUTURES.
Total.
Sales.
423
585
"2?
"'46
271
67
3.913
66,700
47.100
61,300
Deliveries.
400
800
800
1,769
1,617
2,021
311
58,900
1,000
53/00
,00
6,791
856,300
4,000
63.7011
till!
and prices
bales.
These mail returns do not correspond precisely with the
600
720
2,811
For December,
Tot. last vr.
2,031,SP8 621,791 173,943 184308 920.51-2 C67.794
• Under the head of Clitirletiion. is included fort Koyal, istc; under
the heac of
Balveetonli Included Indianoia, &c; under the head of i/crfalk is Included
Point &c.
9X
10*
10*
For forward delivery, the sales (including
free on board)
have reached during the woek 356,300 bales (all middling or on
the basis of middling), and the following is a statement of the
gales
593.479
1,231
421
328
505
'251
.
9*
sump- ulate
Easy, unch. quot..
.
Tuesday
Total
66,586
Frt.
Dec.U.
Con-
Ex-
Closed.
port.
440,850
Til.
8ALKS OP SPOT AWD TRANSIT.
Spot Market
Saturday
Wed
Dec.10. Dec.ll. Dec.12. Dec. 3
MARKET AND
Stoc^
N. Orleans.
8.
9 13-16 9 13-16
10 7-18 10 7-16
10 11-16 10 U-16
11 1-16 11 1-16
Good Ordinary
Middling
Coast-
wise
Mon. Tues
Sat.
Dec.
cts.
80
11-34
11-35
100
1I-86
700
lio s.n
11-37
11-J8
hales.
1,(10
>
500
500
201
400
100
1.100
U-3S
a0)s.n.l;th.u-i9
51X1
11-39
11-40
2,800
11-11
700
100 s.n. 11th. 11-42
600
7iW
1.200
11-42
700
11-43
200
200 S.n. 12lh. 11-44
11-44
400
iOOs.n.
ets.
biles.
11-48
l.-l.
n-r.0
10.SO-1
1151
1-52
100
..
11-51
11-55
11-57
11-58
11-59
».200 ....
5.5W ....
10 300... .
5,7*1
4 800
6.4 n..
3.3
..
.
1,-100
tiftle*.
11-61
11-62
1,910
U'63
26X1
1-iil
2,701
ll'Glt
1,80
11-57
11-6S
11-69
1,1,00
1150
2,700
...
cts.
2,100
2100
...111!
11
l.-s;
145.410 total Jan.
9.S00
15,100 total
Dec.
1
-53
.11 -54
For February.
9110
For January.
2.500
11-31
15tli. 11-J7
800
...1147
6008. n. 11th. 11-48
Cts
11-42
11-43
...1 -II
11-15
11-44
11-47
11-18
2.700
7.700
11-411
l/'OO ....
760. . .
4.0 m
4-0.)
1.-3S
11-43
2.S0O
11-I9
25CC
11-51
7,300
1154
1157
11-51
11-59
Dkckmhkk
16, 1S77.
au.
bal'i.
1,8
.
1. 111...
7.PI41
8 !(0
4JW0.
..
4.-HU
..
.
700.
l.»0
1.400
11
l--.*.*
7,510
4.-W0
U-l
AV
..
11-71
:im
..
1.
11-1"!
64V
•00
200
r.n
10-
.1111
-.,1
l.KW
Il-ril
700
500
II*M
6,-00
11*88
,11*64
11 S".
MM
1,-77
11- «
l.ioo
ir;»
8.W0
...
00
...
li*««
;oo
110
3,1(00 ...
u-61
l.ioo
MO....
2.30
3.00*)....
11*38
11-5D
II 10
701....
1111
ll-75
11-76
11*11
11, 3
11*11
00
1.50
3,100
1,900
Feb.
Cor March.
1,800
1-100
so-.
Ml
11-71.
lin
Ml)
200
11-81
1.-S3
11*83
1.1
5-!>
S.VOO
3,100
11*75
lt-ao
11*41
11*83
11*33
11-81
ll-SS
•IJii
11-19
II-
lixi
309
100
3 ill
1900
11-85
1,700
4,100
3,400
11*1:4
1-61
.r.«i
1 -31
11*83
ll*8i
100
ll*i>S
200
700
400
80'
S00
3 8
li*9l
11*88
11-J7
11*13
11*11
200
1.*
Mil
200
10O
loo
li*0l
200
11*92
«0'
1,;00
11*33
11-89
5U0
.
U*»7
110..
12*.I0
The following
livery,
Moa.
Sat.
Lower.
Mar'-ict - B.ioyant.
Lower.
11*53
11 63
11*73
11*87
11-39
11-11
11 56
11*63
11*11
11 "-S3
11*59
13-W
1200
H-41
11*54
11-4:4
June
12*30
12-1J
Transl. orders.
lloO
11*01
Closed— Steady,
Exchange
..
..
43,453
107,633
51,335
43,579
185,417
1.831
8,5*10
2,
c 25
8.815
8,774
1,400
8,570
4,038
M88
1,311
7.880
5,576
7,166
3,'JIH
l,83*i
1,90.1
1.391
5,125
1,503
13,416
Vicksburg.MIss
8. 184
Columbus, Miss
2,11)5
1.778
6,548
7,189
1.050
ECufaula, Ala
Griffin, Ga
1,997
1,91)7
678
374
5,622
8.941
2,246
8,163
8,7(K
6.920
N.C
3,680
12*0)
11-40
11*45
Steady.
Firm.
Ba-v,y
11 3»
39
11*30
11
11-59
11-71
12- :o
aietidv.
101
1*80
I'.nx
U'43
50
-.teioy.
Lower.
11*43
i3-'.i
11
Firmer
11-40
1217
MX
U-l!
11*83
10*95
13 01
12*06
t:*4B
11*10
12-07
l'SX
4
sea
1
Bl'tf
Total Great Britain stock
Btock at Havre
Stock at Marseilles
Btock at Barcelona
Stock at Hamburg
Btock at Bremen
Steady.
iy.
4*80*
4*8 IX
1876.
1875.
1874.
488,000
488,000
631,000
17,500
44,500
53,500
118,000
333,500
532,500
535,500
049,000
108,250
139,500
153,750
115,000
8,750
3,000
5,250
9,000
35,000
31,000
48,000
47,21:0
7,50)
8,750
14,500
13,5(10
38,500
40,750
29,750
23,00n
23,500
45,750
50,250
76,500
8,500
7488
MM
7*8
778
4,2M
4..173
1.970
8.051
2.036
38,874
5,666
8
8H
1845
7,871
JN
6,68)
13.161
6,682
00,041
51,360
78,012
53,57-1
50 814
97,813
185,861
101,927
94 523
show
week
0.--73
.13*74
i;.9
114-403
totals
MM
6,815
1,718
:i,
l.\siio
111.147
1.8«
704
li 140
-8,71
SUM
interior stocks have
and are to-night 27,764
that the old
7,911 bales,
bales less than at the same period last year.
The receipts at the
same towns have been 3,009 bales more than the same week last
in the
weather the past week, in
has been a great
fact
it
has been as
favorable as could be almost everywhere, and picking has pro-
:oj
.
.
4.2 .'4
-3
Weather Reports by Telegraph. —There
1877.
Btock at Rotterdam
Stock at Antwerp
Stock at other continental port?..
ports
improvement
806,000
Amsterdam
ew
all
4.7i
•
year.
only
Stock at Liverpool
Btock at London
i
Total,
4,191
8.8 5
11-61
11 72
l'.JJ
Barely
4.80
Total,
The above
Frl.
Thb Visible Supply of Cotton, as made up by cable anc
telegraph, is as follows. The continental stocks are the figures
of last Saturday, but the totals for Great Britain and the afloat
for the Continent are this week's returns, and conseq uentlj
broughtdown to Thursday i vening; hence, to make the totals tht
complete figures for to night (Dec. 14), we add the item of exportf
from the United States, including in it the exports of Fridaj
Btock at
54,364
increased during the
Thu-s.
11-46
11*58
11-71
11*81
11*81
12-03
12-01
12-11
Quiet and
lin
Total, old ports.
12,7118
CX.A.8SIFICaTIO*4.
Tues
Wed.
Lower. Variahle.
M
'..111
6,103
3,621
named
1
75,988
7,784
Charlotte,
prices bid for future deat three o'clock P. M. on the
10. -41
7.484
Aug.
w)ek.
tlie
8,4411
8,067
2,56-2
8,335
MID3LIS9 UPLANDS— 4MKST0A1T
Je.uary.
total
9'J0
14.900
13,18*1
Sbreveport, La
lOiJ
10.181
4.(18
1,8*8
11.409
13-03
100
3,76.1
MM
13*03
12*21
18, 1878.
8,840
..
1<0
1111
9,m
15,480
11.615
(,418
11,888
8,187
Dec.
Shipment* Stock.
4*>,817
Tenn
.
100
12*28
12-31
1.323
litceipt*.
19,-63
4,100
Montgomery, Ala
3,220
2,000
7,701
show the closing
will
Frl
4,l4<i
Nashville,
•00
Week ending
14. 1817.
I MS
8,127
7,941
Selma, Ala
Jiemphts, Tenn
11"
Dec
ending
Dallas Texas
Jefferson, Tcx.(w£.)
3
the reselpto
is
2,825
7,115
5.691
82,861
3,780
Dec. for Jan.
and the toue of the market,
several dates
Week
Receipts. Shipments. Stock.
Will
July.
movement—that
the
for the
corresponding week of 1878— Is set out In detail In the following
statement:
11*18
18*11
13*15
For August.
100..
At the Interior Ports
and shipments for the week, and stock to-night, and
12-23
3,100 total
...lf»8
I'..
1.11
110
for June.
100..
*
with 1874.
12-11)
400
2<l
ifiK IOU1 May.
S00
These figures indicate a decrease In the cotton in sight to-night
as compared with the same date of 187*1, •
decrease of 53l»,92:l bales as compared with the corresponding
date of 1875, and a decrease of 0.i*>,.;>l bales as compared
of 701.183 bales
12--0
13*01
12-01
12 07
I2l<8
100
100
12 C9
no
June.
41*0
....12*01
13*04
ll*!7
10)
12* :l
590
For July.
11*39
11*30
11-93
I'D
3X1
paid to exchange
13*16
13-.0
6,600 total
The following exchanges have been made during
•06c.
HI
11*J3
2'fl
2
.11 14
.
300
800
400
400
total April.
200
2U0
300
HSU
....18-18
....12-10
,...1:*13
..
mo
12-11
..
HOC...
..13-. 1
11*31
11-93
11*96
I
.00
1301
..
.
loo
...i:-0'
400.
•:
i
11*18
11- 6
11*17
800
108,500 total
1
....ll*«3
....12-01
SlO
March.
For April,
no
iOH
....13 05
1(10
.11*35
.11-91
60,700 total
I1-3I
808...
301....
.ll'M
.
ion
200
.11- 9
300
11*31
... .13*111
3U0
.11-87
.11-83
.
1-
»00
....11*51
....11-H4
30....
2M
Il*3i
iW..
»l)0
400...
For May.
.1133
.11-8
7.3 O
S.IOO..
1,<0)
HO....
.... 11-81
... .11-33
.
1.1,300
<it».
....11-90
.. .1*94
....1 *33
...
OH110NIOT.F
balea.
l.-.l
•00
11
.
.
Kill
n-vi
u-8;
200..
3.0.
1-73
u
u-8i
I.'4i0 .,
ll*74
MO.
l.sou
1,«00
•
2
..
.
..
li
1113
11-8
..
j,900.
10.1
It
CM
balsa.
100
11-31
11*1
IV »
11-0
«,MU
I,»0 ...
CM
nalfi.
11-35
11*51
.
THE
]
gressed finely.
Galveston,
Texas.
—
has rained on one
It
day
this
week, a
The
The causa
sprinkle, the rainfall reaching six hundredths of an inch.
thermometer has ranged from 42
of the large receipts this
lndianola, Texas.
week
to 63,
is
averaging 65.
the improved roads.
—We have had hard
rain
on two days of the
week, and the prairie and bottom roads are again bad. Average
thermometer 52, highest 62, and lowest 43. The rainfall hits
been one inch and fifteen hundredths.
There has been a shower here (>n one day,
Corsicana, Texas.
—
with a rainfall of five hundredths of an inch. Average thermometer 49, highest 72, and lowest 30. The roads are better.
We have had killing frosts this week on four nights.
We have had no rainfall this week. The freo
Dallas, Texas.
—
is caused by the comparatively good
a large amount of grain being planted, and a
heavy immigration. Average thermometer 49, highest 72, and
movement
roadB.
of the crop here
There
is
12,250
10,000
8,750
9,250
5,500
4,500
5,750
14,000
7,000
28,000
Total continental ports
233,500
312,250
331,000
3:3,500
Total European stocks
557,000
841,750
866,500
9r!2,500
India cotton afloat for Europe ....
40,000
108,000
116,000
143,000
American cotton afloat for Europe
400,000
565,000
63S,O0O
530,000
53, the
Egypt, Brazil, Ac, afloat TorE'rope 49/ 00
Stock In United States ports
743,611
Stock In U. S. Interior ports
107,653
United States exports t4>-day
18,001
65,000
81,000
77,000
New
959,310
708,074
740,277
week.
135,417
117,613
145,178
have had a heavy fro»t the earlyrapidly appart of this week. Picking is being rushed, and is
favorproaching completion. The weather has been remarkably
the receipts are
able, the roads are in excellent condition, and
highest 70 and
to increase. Average thermometer 59,
Totalvtslblesupply.. ..bates.2,005,201
Of the above, the
totals of
.
16,750
Brenham,
Texas.
—
It
has not rained here
are generally gathering corn.
29,000
18,000
ie,ooo
2,706,477
2,545,217
2,610,013
American and other descriptions are >s
folio.-
:
American—
the result of the cotton crop.
nil
the week. Planter*
They are greatly disappointed at
The thermometer has averaged
extremes being 44 snd 71.
Orleans, Louisiana.— There has been no rainfall here thi*
The thermometer has averaged
Shreveport, Louisiana.—
49.
We
expected
Liverpool stock
Continental stocks
Total American
Total visible Bnpply
520,000
165,000
150.000
191,000
126,000
108,000
490,0)0
565,000
638,000
530,000
741,641
959,310
706,074
740,270
107,653
135,417
117,643
145,178
18,000
20,000
18,000
18,000
bales. 1,071,2)4
2,099,727
1,772,717
1,691,418
Eatt Indian, Brazil, Ac.—
Liverpool stock
London stock
Continental stocks
India afloat for Europe
Kgypt, Brazil, Ac, afloat
Ac
13,000
169,000
1
American afloat to Europe
United States stock
United States Interior stocks
United States exports to-day
Total Bast India,
Total American
lowest 31.
.
..
881,00(1
63,000
817,000
53,500
245,000
116,000
81,000
606,750
2,09).727
712,500
1,571.294
1,772,117
949,500
1.001,448
bales. 2,005,891
2,706,477
2,515,217
H.M'.-'H
«9-16d.
74.
7XS7Xd.
163,000
17,500
64,ViO
40,000
49,000
268,000
44.500
111,360
834.000
Price Mid. Uplands. Liverpool ...6 9-16d.
11)3,1100
118,000
225.500
118.000
77,000
rainfall during the week.
has not rained here during the
The thermomweek, and picking has been progressing finely.
and 30.
eter has averaged 51, the extremes being 69
rapidly.
Columbus, Mississippi.— Cotton is coming in very
week ha*
Rock, Arkansas— The weather during the
lowest 81.
There has been no
Vicksburg, Mississippi.—
U
Little
the planting Interbeen delightful, and is helping everything in
The thermometer has averaged 53, the highest beinff 78.
est.
and the lowest
25.
thU
Tennessee.— There has been no rainfall her*
favorable for picking.
more
been
has
weather
the
week, and
43.
The thermometer has ranged from 29 to 55, averaging
have had no rain here this week,
Tennessee.—
Nashville,
We
Memphis,
and picking
is
progressing finely.
There
is,
however, no mltf.
THE CHRONICLE.
596
gattcra of reported
60 and lowest 30.
Average thermometer
damage.
48, highest
ls77-7c.
North Carolina..
South Carolina.
Georgia
10
202,500
15
267,750
6
149,320
Florida
U
Alabama
588.000
11
5t;8,710
Louisiana
7
537,540
Texas
Arkansas
Tennessee
82
499,800
6
during the week.
Savannah, Georgia We have had no rainfall here, the weather
having been pleasant all the week. The thermometer has averaged 52, the highest being 71 and tie lowest 32.
Augusta, Georgia. The weather during the week has been
Crop accounts are
clear and pleasant, no rain having fallen.
about the same. Picking is making good progress and is Hearing completion. Planters are sending their crop to market freely.
Average thermometer 44, highest 70 and lowest 28.
The weather has been cold and
Charleston, South Carolina.
dry all the week. The thermometer has averaged 51, the highest being 69 and the lowest 36.
The following statement we have also received by telegraph
showing the height of the rivers at the points named at 3 o'clock
Dec. 13. We give last year's figures (Dec. 14, 1876) for com-
—
—
—
625,400
310,000
Total.
—
50,050
5
Mississippi
—
8 6
4,485,000
4,099,070
This gives us a crop of 4,099,070 bales, or 87,370 bales more
than the reports of last month. This increase is due to a maWe make no
terial change in the estimate for Louisiana.
account (for the purposes of this compilation) of the changes
in acreage from last year, for the reason that the Cotton
Exchange reports have always heretofore given the yield of the
But if we understand
State, and not the condition of the plant.
rightly the New Orleans report this month, they would have ub
add the increased acreage in their department to their estimate
As ihe acreage in Louisiana (according to the
of the yield.
Agricultural Bureau) was this year 6 per cent more, and in Arkansas 5 per cent more, and in Mississippi 4 per cent more than last
year, this
would add for the
New
Orleans department, say 6 per
34,680 bales to Louisiana's crop; about 2 per cent, or
12,780 bales to Mississippi's crop; about 3 per cent or 17,700 bales
to the Arkansas crop; making a total to be added to the above of
cent, or
parison:
New Orleans.. Below high-water mark
^-Dec
13, "17.-
Feet.
8
Inch
Above low-water mark
Nashville
Above low- water mark
Shreveport. ...Above low-water mark
Yicksborg
Above low-water mark
Memphis
8
12
6
23
25
1
9
4
8
r-Dec. H, *7«.—
Feet.
Inch.
14
4
2
4
10
4
t
65,160 bales.
11
is correct,
8
New Orleans reported below high-water mark of 18V1 until
Sept. 9, 1874, when the zero of gauge was changed to high-water
mark of April 15 and 16, 1874, which is 6-lOtL.s of a foot above
1871, or 16 feet above low- water mark at that point.
—
Cotton Exchange Crop Reports. The following is an
epitome of the Cotton Exchange Crop Reports for December 1st,
and the results reached by them, as near as we are able to make
up:
—
North Carolina.—(Norfolk.
Exchange.) The character of weather
since November let, 9 correspondents say, has been more favorable, 7
say about the same, and 15 say less favor-able than last year. A decreased
yield of 10 to 15 per cent reported by 26, and an increase of about 5 per
cent reported by 5 correspondents.
We average the yield, f/om above statement, at 10 per cent decrease.
South Carolina.— (Charleston Exchange.)— Fifteen
weather
report
more favorable; 10 report about the same as last year, and 41 less favorable.
The average yield of Die State shows a falling off of 15 per cent.
Georgia— (Savannah Exchange.)— Weather past month has been less
favorable than last year. The yield is set down at 5 to 7 per ant less than
last year.
Florida.— (Savannah Exchange.)— The
weather
able as last year for gathering the crop. Yield
10 per cent less than last year.
We average the State at 9 per cent decrease.
Alabama,
Yield in
1876-77.
—
XXV,
Increase. Decrease
—
—
—
it
Per Cent.
Yield in
States.
Alabama. There has been no rainfall here this week.
Crop accounts are more favorable. Picking is progressing fineiy.
About one-half the crop in this section has been marketed and
Average thermomeplanters are sending cotton forward freely.
ter 60, highest 0') and lowest 33.
Montgomery, Alabama.—The thermometer has averaged 47
during the week, the highest being 07 and the lowest 30. There
has been no rainfall.
Sehna, Alabama. It has not rained here all the week.
Madison, Florida. Telegram not received.
Macon, Georgia. Telegram not received.
The weather has been warm and dry all the
Atlanta, Gtorgia
week. The thermometer has averaged 49, the highest being 62
and the lowest 28.
About three-quarters of the crop in this
Columbus, Georgia.
The thermometer has a veraged 48
section has been marketed.
Mobile,
[Vol.
If,
(Mobile Exchange.)— Weather during November
less favor-
(Nashville Exchange.)-(2Vo report this month, so we repeat last month' s)Nineteen report too much rain and less favorable than lust year; 9 report
weather favorable and more so than last year. Six report yield 2 ) to 30
per cent less; 7 r. port about same as last year; 12 report about 25 per
cent increase, and 3 report 50 per cent increase.
We average Alabama, on the basis of above reports, at 5 per cent increase.
Mississippi.—(New Orleans Exchange.)—The weather unfavorable,
much more so than last year. Yield will be about 5 per cent lets than
Orleans report
month show a crop
Detailed Cotton Exchange Reports for December.
—The
following are the Cotton Exchange repoits lor December, issued
this
week
:
Norfolk Department.
The Norfolk Cotton Exchange (U.S. Reynolds, Chairman W.
;
D. Rountrec.
and R. P. Barry, Committee on Information and Statistics) issues the following
report, covering the Stateof Virginia and the following Counties in North
Carolina: Rutherford, Lincoln, Catawba, Rowan, Davidson, Iredell, Burke,
Wilkes. Caldwell, Alexander, Davie, Forsythe, Yadkin, Stokes. Surrey,
Rockingham, Caswell, Person, Granville, Warren, Fianklin, Nash, Wake,
Hyde, Pitt, Green, Cartaret, Craven, Beaufort, Tyrrel, Washington, Martin,
Bertie, Chowan, Pasquotank, Camden, Currituck, Gates, Hertford, Northampton and Halifax.
North Carolina and Virginia.— 31
replies
from 20 counties.
for gather ng has been more favorable, 7 about, the
same, 15 less favorable than last. year. Thirteen report that m ven-eif h'hs of
the crop has been picked, andthat pic ting will end by Dec mber li 4 report
four -fifths picked, and will end by December 20; 6 report three-fourths
Tucnty-six rspoit
picked, acid will end by December 25; 8 report all picked
a decrease in the yield of from 10 to 15 per nnl; 5 report an increase nl ab( ul S
percent. Twenty state that two-thirds of the crop is marketed, 6 report tbrtefourths marketed, and 5 report half the crop marketed.
Nine say the weather
;
not been as favorestimated at from 8 to
able than last year. Yield compared with last year is about the same iu
12 upland counties, 8 per cent less in 16 upJand counties, and 9 per cent
more in 11 prairie counties.
New
of 4, 104,230 bales.
lias
is
therefore, our view of the
the Cotton Exchange reports this
Charleston Department
covers the State of South Carolina, and is prepared and issued by the
Charleston Cotton Exchange, through their Committee on Information mil
Statistics, composed of Jas. 8. Murdoch, Chairman, Robert D. Mure, J. W.
Lewis, L. J. Walker, J. Adger Smyth.
—
South Carolina. 72 replies from 28 counties.
The weather during November is reported more favorable thin
From
15, the same as la.-t year by 10, awl less favorable by 47.
!a<t year by
85 to 9-i per
except 3,
from
the
counties
heard
cent, of the crop was reported picked in all
which repo:t 72 to 78 percent, gathered. The average of the Stite is 87 per
the
about
15th to
generally,
with
fine
weather,
Picking will be finished
cent.
the SOth. The yield is reported more than la.-t year in a counties and less
cent.
a
State
shows
decrea-e
of
15
tier
average
of
the
in 25 counties. The
The proportion of the crop ma. keted to December 1 is 63 to 83 per ceLt. The
per
cent.
average of the State is 70
last year.
Exchange.)— Weathtr during November less favorable than
Octuber. Yield compared with last year's estimated at 14 per cent less.
Qlxxrinsj Exchange.)— 32 report greatly less favorable weather than in
1876; 8 less favorable: 5 the most unfavorable ever known; and 19 bad
rains following hard freezes. Yield will average 15 per cent less than
Savannah Department.
(Mobile
last year.
We average
Mississippi,
on
the basis
of above tepor
s.
at 11
per cent decrea
e.
Louisiana.— (New Oblbans Exchange.)— The
character of weather
much less favorable than btfl year. Yield c< nip tied wiih last year 7 ptr
cent decrease, without laku g c uut of increased acreage.
I
"Texas.— (Galveston Exchanu?.)— Weither
less f .voiable than last year.
Thirty-eight counties show a decreased yield of 37'/J percent; 3 counties same as last year; 5 counties an increase of 20 per cent.
On the above we average the yield an compaied with last year at 32 per cent
decrease.
Arkansas.— (New Orleans
Exchange.)— Weather during November lees
favorable than last yrar. The yield will average 5 to 10 per cent increase.
(Memphis Exchange.)— Weather much less favorable than November,
1876. Yield will average H per cent increase on last year.
We average Arkansas,
on the basis of above reports, at 6 per cent increase.
Tennessee.— (Memphis Exchange.)—Weather
very favorable.
Yield
per cent less than last year.
5^
(Nashville Exchange.)— (2V°o report this month, sows reveal last month's).
82 report weather very good and 3 too much rain ; 29 report more favorable weather than last year 6 report less favorable; 6 report abont the
;
This report covers Northern, Middle, and Southweslern Georgia (being all of
Georgia, except the 23 counties in charge of the Augusta Cotton Exchange)
and the entire Stateof Florida. The report is prepared and issued by the
Savannah Cotton Exchange, through their Committee on Information and Statists, composed of J. 11. Johnstou, Clavius Phillips, J. J. Wilder, 1.. (i.
Oppenhcimer.
Young and K.
M
—
Georgia. 81 replies from
The weather for the past month
-55
counties.
has been less fav, .table forgathering the
crop than the same month last y. ar. In the lower tottn ies of th- Stale picking will be finished by the 15th i' St., and in middle and upper Georgia from
the 25th inst to 1st January prox.; from three-fourths to seven-eighths of the
crop has already been gathered, and of this fivc-eiglnhs to three-quarters has
been marketed. A killing frost appeared a month, later than last year, but
much of the good results to be exptcted from ait unusually bite winter has
been overcome by the crop having been during the whole season two weeks
behind in grow. h, and bo liitle sunshine upon it » uring tite fall months.
There is an unusually wi?e rai g* in the estin ates of the yield of this State.
On sandy lands there has been almost, a failure from, fiist, diaught, then tco
much ;« n, followed by rust. On strong, low lands, in some favored sections,
fruit f.Cs been forming and making cotton up to the killing of the plant by a
late frost. In ether sections the promi-e of a larg yield from a t p crop has
been reduced by the rotting of the bolls from the excessive wet weather.
Taken as a whole, the crop of this State wi 1 be five to seven per cent less
than last year, with a much larger percentage of very poor cotton.
i
—
same yield as last year 9 probably 50 to 75 per cent increase 16 probably 85 to 80 per cent better; 3 probably 10 per cent better. One reports
SO p.>r cent decrease.
We average Tennessee, on atove reports, at about the same as last year.
Florida. 19 replies from 10 counties.
vembt-r wasl bs favorable for gatherThe weather during the month of
ing the crop than the same month last year. The crop of this State is near y
fithered, and by the 10th in?', it waB expected that picking woulu cease,
ive-eighths to firee-fourths has been marketed. The cecrease as compaied
Adopting the above as the intention of these various reports,
the following result ie ob.<a ned :
With the Ubl crop will be eight to ten per cent. During the early months of
this was dissipated by Calerpil'ar,
iiiC season the plant pr( miseel a fine yield
by hea\y and incessant rains continuing through the whole picking seffcoa,
;
;
M
;
THE CHRONICLE
ihkr 15 ,1877.]
causing rift, rolling of bolls and rolardlng maturity. But for increase la
acreage iu tills Stale, the decrease of roducilon would have boon quite heavy.
|
",!'7
Ark.nntas.-32 responses.
w lh *"•"' '«• favorabU than for Nov.mhsr,
n
"
,tm:M ">«'lon of disastrous •ftel
of rains follow!*
or
i" J .*
ronowlngJ'Ti.
the hard
freezes;
designate as the worst
Zi~
known for saving crop. Picklng-r aa acrop
"mated to bl froaa'
C,
? " 7m "
l»ILowtn^<£!£&
Mobile Department
Stale of Alabama as far north ss the summit of the Sand
line, and the following counties in Mississippi : Wayne, Clarke, Jasper
Ike
Newton, Kemper. Nesbolao, Noxubee, Winston, Lowndes,
<a. Oltax,
Monroe. Cli!caaaw, Itawamba, Lee, Pontotoc, Frenliss,
Alcorn and Tishamingo. The report Is prepared and Issued by the Mobile
Cotton Exchange, through their Committee on Information and Statla.
composed of T. K. Irwin, chatrm 'ii, Julius liuttner, A. M. Willinarth J
0. Hash and S. Haas.
:
1
wmh»
.«
u in%
W
comnietlon
/"'»-•»
by^
'"
£i°,3
i'"h l»
sain,
n ffS^'iSTSS'f"
rrom 1st to 35ih January. 'S'i
9 by February 1st I March fat- ••«••.
'8'h.
rWd-H estimate to Spire™' J«w, i,d KI
n&i'T*?
16<6, 6 about same.
from 5 to 31 per cent lass averasir
oT^Th.iV n» l-li
:
ft
^i^" ^
1 1
•
ir
«\^T^
greater than IH76; this I, . Te, aa ciTo n
rn
n
lV,,?"Ji
r
h ! e ' llm <d '"»' Tom l\ to 10
per cent o? the crop
ten
r t",'i!J per
been %1
9
markted, a«eraglng
48
cent.
T
Vlffffrnmii it.. '» .
.fc.ftorsr.-20 report laWers working Wei*
7f
\S7lnot
working well; 11 report much discouragement owl tig
m.l
op " "i
*""
* To °h "l rron.
'
tlon that there Is much talk of emigrating.
'
hH
,
Alabama.— 39
counties send 83 letters.
The weather dnring November has been lees favorable for gathering the
crop ili*ii during the corresponding period last year. About three-quarteri
of the crop has bet n picked, ami will all be gathered by ihe 81th of December. The yield in 11 prairie or bottom land counties Is estimated at about 9
:.x\ In I J upland counties abont the same, and In lii
upland counties about 8 per out less. About 50 per cent of the crop Is repotted as having been marketed.
m
North Alabama.—
•
,
New
Lacombe.
Louisiana.— 50 answers from twenty-eight parishes.
The weather has been much less favorable than for tho same month last
year. Pickiigbas been slow.
Two-thirds of the crop was reported gathered
at tho date of our own replies, and it is estimated that picking will be completed before January iO. The yield is large. The river parishes will be
45 per cent, to 35 per cent, greater than last year, while in other portions of ihe ftato a decrease of lrom 10to3*> per cent, is reported.
estimate the decrease for the State at 7 per cent. About 36 per cent, of tho crup
has been marketed. All our correspondents complain of too much rain.
We
—
Mississippi. Fifty answers from 2G counties.
The weather is reported as much loss favorable than for the same month
last year.
Picking has been retarded. Not more than two-thirds of the crop
has been'gaihered, and it is estimated that picking will not be completed btfore
the 15th of Jannary. The yield in the Mississippi and the Yazoo river counties will be 10 to SO per cent greater than last year, while iu other portions of
the State a corresponding decrease is reported. We estimate the average for
the State at 5 per cent decrease. Our correspondents report that about 40
per cent of the crop has been marketed.
Arkansas.
— Thirty-six answers
from 21 counties.
The weath- r has been lessfavorahle thin for the same period last year. Twothirds of the crop has been picked, and picking w, 11 be finished by the 15th
to tbe 40th of January. Nine of our correspondents report the yield the same
aa last year; 14 report an increase of from 10 to 6M per C2nt., and 11 report a
decrease of from 10 to 25 per cent. The indication, are that the crop will
average 5 to 10 per cent, greater than last year. Thirty .seven per cent, of the
crop lias ben mirk ted up to date of our replies. The estimates from all the
Slates are bai>ed upon the tame acreage as last year.
have not included
the increased acreage in our estimates.
We
Galveston Department
cevers the StaU of Texas, and was prepared and issued by tBe Galveston Cotton
Exchange, through their Committee on Information and Statistics, composed
of John Kocke, Chairman, J. M. King, 11. I. Anderson, Charles Vidor and
H. Dreier.
Texas.— 86 replies were
received from 46 counties, of the average
date of December 2.
The replies show that tho weather has been less favorable during
of November than the same time last year. Twenty-three counties
the month
report the
cotton all picked; 7 report seven-elghlhs picked; 16 report throe fourths
picked, and that will be githercd by December 15. The increase reported in
5 counties will be an average of 20 per cent. The decrease in 88 counties will
average 37% per cent. Three counties report the same as la-t year. Nine
counties report 50 per cent, and 37 report 61% per csnt of the crop marketed.
Ixcresivc rains during the month Of November interfered with ths pickin"
and, in consequence, the cotton in the fields could not be saved.
Memphis Department
eorcrs the State of Tennessee, west of the Tennessee Rivor, and the following counties in Mississippi: Coanoma, Panola, Lafayette, Marshall,
De Soto, Tunica, Benton and Tippah, and the Slate of Arkansas north of the
Arkansas River. The report is prepared and issued by the Memphis Cotton
Exchange, through their Committee on Information and Statistics, composed
of Sam. M. Gates, Chairman
J. T. Fargason, Benj. Baba, Chas. G. Fisher
J. M. Fowlkes, David P. Uadden, A. G. Harris.
;
West Tennessee. — 50
responses.
Weathtr—'tt report the weathor for month of November greatly less favorable than same injtith 1876; 8 leas favorable— all on account of frequeut
rains; 20 mention the oisastrous effects of rains following the nard freezes;
3 report the worst weather ever known for saving crops.
Picking— The crop
is estimated to be from 33 to 90 per ce it gathered, averaging 67 per cent; 9
estimate completion from 10th to i5ih December, so from 1st to IBih January,
6 by February 1st; average date, January 5 h.
Yield— 10 estimate better
yield than 1876 by 5 to 25 per cen', 8 about same, IT from 5 to 85 p >r cent less,
averaging t>'/i per cent less this is a decrease of 8 per cent less than October
report.
Marketed— It is estimated that from 33 to 85 per cont of the crop has
been marketed, averaging 51 per cent. Misc. laneous— See "Aggregate." Laborers-29 report laborers working well, 6 only moderate y well much discouragement exists, attributable to two years' sho r t crops ; 7 report much anffering ror food and clothing; much disposition exists to emigrate to bottom
lands by the negroes.
;
;
—
North Mississippi. 40 responses.
Weather— 32 report greatly less favorablo than November, 1876; 8 less favor
able— all on account of frequent rains 13 particularly mention bad effects of
rains following the hard freezes; 6 designate as the mo«t ui favorable ever
known for Baving the crop, lacking— The crop is estimated to be from
;
33 to 80 per cent picked, averaging 65 per cent
;
8 estimate completion lSlh to
25th December, 23 from 1st to 15th January, 9 by February lsi ; averaging
Jannary 9th. Yield— 5 estimate 6 to 25 per cent greater yield than last year,
6 about same, 29 from 5 to SO per cont less averaplng 15 per cent less thau
1876. which reduces estimate 10 per c nt since our report for October. Marketed— 'ihe crop isesiiruHtedasbelng from7to73 percent marketed, averag ng
43 per cent. Miscellaneous— >ee " aggregate."
Laborers— 14 report laborers
working wtl', ri moderately. 4 not working well ; 33 report th.-m much discouraged and bt coming indifferent, attributable to successive bad crops; 3
report mich >uffering for food and clothing; some mention Ij made of
a ^position to « uigrate.
;
i
""'
;
asorxoati— 107 Responses.
1. Weather-91 roport the weather for November
greatly less favorable than
during November, W,t\ 16 lose favorable-all on account of frequency
Orleans Department
part of the State of Mississippi not apjorlionod to the Memphis
anil Mobile Union Exchauges; the entire State of Louisiana and the State
south of the Arkansas Hivor.
Arkansas,
The report Is prepared and
Of
Issued by the New Orleans Cotton Exchange, through their Committee on
Information and Statistics, composed of Harrison Watts, Chairman, L. F.
Herje, E. V. Oolsan, William A. Gwyn, Edward Morphy, K. C. Caiumack,
'list
L.
v"
,
;
Inst yoar during November. A 'nut 70 per cent of the crop has been picked, and will alt be gathered by the end of December. Tho yield, as compared with last year, is
estimated at about 14 per cent less. About 50 per c.nt of the crop is reported as having been marketed
sod
responses.
TT«ofA«--All report weather much more unfavorable thin
November last
lng t0 ,ro
rain* following killing frosts.
Peking- la rsnorSS
IZ. "r* I,l-r ent 1<"ent
c
c " mplol< d
«vcrage,6J percent; S report will complete In
,
?2.™n
i
December.
6 In Jannary, 1i February
1st average date, January tt h
3 report greater yield by 5 to 50 per cent. 8 less yle'd from 10 to 80 oe?
cenT
average, one-half per cent less; this Is a reduction f October
estimate of one!
half percent. Laborers— 1 report laborers working well,
6 moderately well 1
not working well 7 report them much discouraged aud indifferent
to labor1 reports much destitution.
i
—
Mississippi. 04 letters from 20 counties.
The weather is reported as being less favorable than
,
SuWdeYaMi
rains; 75
make
special
of
mention of disastrous
effects of rains
Immediately
following hard freezes; 14 designate the weather as being the worst
ever
ktioun for saving cotton crops.
2. Cotton Picking-ft is variously estimated that from 81 to 90
per cent of
the crop has been gathered, averaging 61 per cent; 19 estimate Ihit picking
will be completed in December, 63 In January, 24 by February 1st
and 2 bv
March 1st; average date, January 10th.
3. Yield— 28 estimate greater yield than 1876, 110 tbout same, 59
less— arer
aging 7)4" per cent less than 1876. This la a reduction from Ociobor esllmite
of about SJi per cent.
4. Proportion of Crop Marketed—Tho proportion of tho cot'on
crop marketed is variously estimated from 33 to 65 per cent, the average of estimate
being that 46 per cent h id been marketed by tbe 1st of December.
5. Miscellaneous— The complaint of
extraordinary unfavorable weather
during November is without an exception, and, in so far as your committee Is
advised, without precedent. The condition of the crop at the advent of killing frost (tt is now fn lv established) was more than thirty days behind average seasons in maturity. Very much, though seeming y grown, was In so
sappy a condition when frozen, and contlnuoua rains following, that than
was not vitality sufficient to open the pod. We doubt if ever so much cotton
has rotted ia this department Throughout our entire correspondence there
is evidence of growing instability among laborers
this is largely attributable
to a succession of short crops, engendering discouragement, especially with
share croppers, the great majority of whom consume their interest in tbe crop
belore harvest time ; very many abandoning their crop to work for wages,
and many to forage upon the country.
6. Laborers— 63 report laborers working well, 89 only moderately we'I, 5 not
;
working
we:l.
Norfolk Receipts.
—
The past two weeks there has been a
great falling off in the arrivals at Norfolk as compared witk the
corresponding period in 1S76. This has been caused by the fact
were down at Lynchburg and Weldon,
haviDg been destroyed by the late flood. Mr. James Barron
Hop?, the editor of the Norfolk Landmark, informs us that the
bridges on the Atlantic Mississippi & Ohio Railroad have been
restored, and that on the Seaboard & Roanoke will be np in s
few days, when the fuii movement will begin again.
that the railroad bridges
Bombay Shipments. —According to ouroable despatch received
bales shipped from Bombay to Great
have been
to-day, there
Britain the past week,
and 3,000 bales
Bombay daring
The movement
since the 1st of January
the figures of
W.
down
Nicol
&
this
to the Continent
week have
the receipts at
Co., of
is
Britain, tinent.
8.003
1877
2.0K)
1876....
2,000
7,000
1875.... 4/00
Total.
3,000
4,000
11,000
Britain,
383.000
881,000
792,000
while
These are
as follows.
Bombay, and
to Thursday, Dec. 13:
r-Shipm'ts this week-, ^Shipments since Jan.
Great
ConConGreat
;
been, 12,000 bale*.
1.-.
tinent
Total.
484 000
403,000
451,000
981.000
1,319,0.0
818.0W
are broaght
,
—
Receipts.
—
This
week.
flnoa
Jaa. 1.
13.000
9,000
7,000
1.081,000
!,095,00t
1.2SI,0M
the foregoing it would appear that, compared with last
year, there has been a decrease of 1,000 bales in tbe week's ihipments from Bombay to Europe, and that the total movement
since January 1 ehowH a decrease in shipments of 163,000 bales,
compared witn the corresponding period of 1876.
From
Gunny Baqs, Bagging, Etc.—Bagging has bsen more inquired for since our last, and following the reported sale of 7,000
speculators there were further sales of parcels to the
bales
to
price
extent of 1,600 rolls in Boston and 8,500 rolls here. Tbe
was not made public, but it is generally reported to be about 10c
feeling to be
ca>h.
Since these tianFactions there is a firmer
at 10r@10|c.
noted, and holders are quoting standard grades
last reported,
Butts have remained in about the same position as
have been
Th-re
price.
to
as
firmer
thougli holders are a shade
Boston at 3»c time, and
sales during the week of 800 bales in
closes quite
about 600 bules here at 2»c. cash. The market
continued tiruino««
steady at 2J@2Jc. Calcutta advices report a
and the cost is still ruling high.
The Exports of Cotton from New York, this week, »how a
total reaching 9.S4S
decrease, aa compared with last week, the
we give onr usual
Below
week.
last
bales
bales, against 9,081
table
ehowing the exporta of cotton from
New
York, and their
also the total export*
direction, for each of the laet four weeks;
the total
and direction eince Sept. 1. 1877; and in the last column
year:
previous
the
of
period
for the same
THE CHRONICLE
593
Exports
ol Cotton! baleoj
New
in
f re
Vorli since Sent.
.
WEEK 5NDINO
Nov.
Nov.
Dec.
Dec.
tl.
28.
5.
12.
9,196
7,252
13,6i,3
City op Berlin,
s!r. (Br.), Kennedy, which sailed from New York Nov
24th
for Liverpool, broke her shaft in the stern pipe on the 3fith,
when within
two days sail of Queenstown. She was fallen in with on Dec. fth by
steamship ity of New York, and by her taken in tow on the 9th and
passed Roches Pointat 3 P.M. of the 10;h, where she 1-indsd mails and
18TT
Same
Total
EXPORTED TO
to
date.
<
period
prev'u?
101,969
7,863
Other British Forts
passengers.
Mississippi (Br.), at Liverpool. Nov. 23d. from New Orleans, before
reported
docked, having sustained damage through collision, had stanchions
boats, <fcc, damaged on starboard side. She also sustained slight dimage in docking, she reports on the 25d in a heavv gale off the bar took
a stroaglisl to port, her cargo having shifted when at anchor in the
year.
136 310
1,535
7,113
7,868
103,554
143,453
re?
2,141
4,968
river.
Total to Gt. Britain
9,196
7,253
13,663
253
Pennsylvania. Harrl', from Philadelphia Nov. c 31
via Queenstown for Liverpool, collided evening Dec 3d off the Skerries, eastern coast of Ireland, with ship Oasis (Br.), Burns, from Liverpool, Dec. 3d, for Hampton
Roads. Damage to steamer, if acy, not «tated.
Sisters, schr , from Mermeutown for Galves'on, loaded with cotton
115
Two
563
2,258
4,568
1,112
707
8.873
1,300
'ioo
2,016
8.203
7,159
1,760
1,450
253
3,8H6
1,212
742
Total to N. Europe.
4,608
19,092
60?
2,412
1,212
lumber and orange-, wis wrock'd off Galveston Dec. 3d. Three lives
were lo.-t. A portion of the cargo was washed ashore and saved.
Cotton freights the past week have been as lollows
Liverpool.
Havre.
Bremen. , ,-Hambsrg-,
Steam.
Sail.
Steam. Sail. 8f~~
eaci.
Sail.
Steam. Sail.
.
d.
Thur'dy..
Friday...
10J
13.601
9.664
15,127
121,902
9.243
15S.S90
,
c.
c.
35(J>i
:
c.
%®X cp. '/,($,%
h%H cp. %'d%
..tatfep. %mi cp. X&'i
..@«cp. %%% cp. JO*
..@H cp. y,!&\ cp. xm%
@tfcp, H3* cp. \%%
%
c.
cp.
K.cp.
3i cp.
%
a
X
.
:
—
,
@tf cp.
..@^cp.
9-32®*
9
— —
—
.
Monday.. 9-31&Jf
Tuesday. 9-32®*
Wed'day. 9-35®*
'266
,
d.
Saturday. 9-325&H
<kc
Grand Total
,
10,369
Bpaln,Oporto&Glbraltar&c
Total Spain,
XX?.
[Vol.
cp.
cp
cp.
c.
— X%% cp.
— X@'i co.
— %<iV cp.
— X<W cp.
— X®« cp.
— X&'t cp.
t
c.
—
—
—
—
—
—
Liverpool, December 14—4.03 P.M.— By Cable itbom LrvsBpool.— Estimated sales of the day were 10,000 bales, of which
1,000 bales were for export and speculation.
Of to-day's sales
7,200 bales were American.
The weekly movement is given as
The following are the receipts of cotton at New York, Boston,
Philadelohiaand Baltimore for the past week, andBince Sept. 1,'77:
follows
NEW TORS.
BOSTOH.
FHILADSLp'lJl
Nov.
BALTIMORE.
Sa'esof the week
bicx'ts from
This
week.
New
Orleans..
66,318
2K.016
66,731
ll.'io'i
Sept.
3,527
1,96
Savannah
1.
This Since
week. Sept.l.
Since
10,170
This Since
week. Sept.l.
This Since
week. Sept.;
Total stock
'sis
10,766
1,067
21,023
"sis
7!o23
7,366
,
which American
Total import of the week
of which American
'261
'595
B'th Carolina
N'th Carolina.
6,415
3,212
8,272
55.51!)
2i.l'49
North'rn Port?
Tennessee, &c
Foreign.. ...
694
4,719
Total this year
33,553
855,317
11,804
91,641
1,984
17,151
4,095
6S,375
Futures.
Total last year.
35,396
476,891
12,370 101,0-4
2,375
21.9^8
5,834
59.501
wise stated.
'175
660
l'.SOO
24.852
3,649
4,6:3
2 ',835
22,3?t>
1,823
1,166
19.'.
Actual export
,.,,
AmotintaBoat
of which American
6
2/21
Hid. Upl'ds
Mid. Orl'ns
These
—
.,.,
sales are
on the basis of Uplands,
Mar.-Apr.
Apr.-May
Philadelphia —To Liverpool, per steamer Lord
'To
Clive, 1,013
Antwerp, per steamer Swi'zerlaud, 100
The
I
6 7-lSd.
I
deliv'ry. 6 15-32d.
Dec-Ian. delivery, 6 11-884.
Jan -Feo. delivery, 6 13-824.
Feb.-Mar. delivery, 6 13-35d.
Mar.-Apr. delivery, 6 7-16d.
Nov
-April shipment, new crop, sail,
6S -16d.
Dec. delivery, 6 15-35d.
Dec -Tan. delivery, 'o 13-SId,
Jan. Feb. delivery, 6 13-32d.
Dec
shipm't,
new
crop,
6 --16d.
Mar
Dec. delivery, 6 15 32d.
D
'C
•
ian. delivery.
Dec. delivery, 6 7-16d.
Dec -Jan. delivery, 6 13-32d.
Jan. -Feb. delivery, 6%d.
Feb -Mar. dehTf ry, 6 13-35d.
Mar. April delivery. 6 13-.35d.
Apr, -May delivery, 6 7-l(id.
Savannah
Texas
Havre,
Bre- Amster
&c. Rouen, men. d m,&c Spain, Genoa. Total.
568
1,359
6,450
....
2.8)0
3,675
707
2,932
Thursday.
Nov.-Dec shipment, new
2.032
2,615
1.325
7,3*5
Baltimore...
955
4,859
Boston
::::
3.331
7,838
1,190
delivery, 6 7-16d.
Feb.-Mar. de.ivery, 6%d.
Nov. shipment, new crop.sail, 6 7-16d.
Friday.
Nov. shipment, new crop, sail, 6 13-32d.
Dec-Jan. shipments, new crop, sail,
6 13-32
ijttt
13,510
4.859
1,113
100
....
1,190
4,423
2,556
2,612
123
81,976
tre, from New York, IOO bales to Gothenburg.
Below we give all news received to date of disasters to vesals carrying cotton from United States ports, Sic.
Inclnded in the above totals
Dec-Tan
delivery,
Feb.-Mar. delivery,
sail,
6J<d.
6Xd.
1','id.
"
1
P. M.. Dec. 14. 1877.
There was a very active demand for low extras of State and
Wes'ern flour on Saturday and Monday at hardening prices,
large lines having sold at $5 55@$5 63, up to $6 30@$6 40 for
The advance and activi y
the better grades of shipping extras.
in the low and medium grades strengthened the higher grades
somewhat, but no quotable improvement took place. Tbe fall
of Plevna checked the demand, and part of the advance in low
extras was lost. It was anticipated that an early peace would
Russia
follow, and communication reopened with Southern
whence large supplies of wheat were expected. Receipts of flour
To day,
here and at the West have bean exceptionally large.
the market was depressed, and poor extras sold below reduced
Bohi m;an
quotations.
^_
with sales of spring at $1 34*
<Br.). Captain Worthinjton of the si earner Bohemian, at Liverpool, Nov, 21st, fiom Boston, before repot ted as having been ashore and
docked, states that the vessel was not damaged, and had not made the
least water. The B arrived back at Boston Dec. 11th.
I.
Feb.-Mar. shipment,
Friday,
s..)in
!5i
Fhiladelp'a. 1,013
Tolal... 56,431
35.79 1
5,300
7.4S6
7,0^0
580
"Wilmingt'n. 3,331
Norfolk
128
800
crop, sail,
6 13-32d.
Dec
BRE ADSTUFFS.
9.-J43
1,656
sail,
6 13-35d.
delivery, 6 7-160.
Dec. -Jan. delivery, 6}£d.
Jan. -Feb. delivery, b\d.
Feb -Mar. delivery, 6Xd.
6%d.
Jan. Feb. delivery, 6Jid.
Feb. -Mar. delivery, 6 13- 2d.
Mar.,-j»pr. delivery, 6 7-16@13-£2d
95i
4,K29
1,013
Feb.-Mar. delivery, 6 13-32d.
-Dec. shipment, new crop,
sail,
Jan -Feb.
are as lollows
7.818
N.Orleano... 22.887
Mobile
4,590
Charleston.. 2,100
crop, sail,
Dec
particulars of these shipments, arranged in our usual form,
Liverpool. Cork.
new
Jan. -Feb. shipment,
6 15-3-M.
delivery. 6 7-16d.
84,976
New York...
delivery, 6)jd.
I
!5-35d.
6 7 16d.
Bail,
Wednesday.
Dec
loo
Total.
delivery, OX'd.
Nov. shipment, new crop,
Nov. shipment, new crop, sal', 6 !5-32d.
Jan. -Feb. shipment. new crop,sail,6.!id
7,305
2,558
6^d.
sail,
new crop.sail, 6Xd.
Feb.-Mar. delivery, 6 7-16d.
Mar.-Apr. delivery. 6 15-32d.
Dec. deliv'ry. 6 15-3M.
Jan.-^eb. delivery, 6 13-35d.
Jan. -Feb. delivery, 6 7-16d.
Feb.-Mar. delivery, 6 1%32@7-I6d.
Mar.-Apr. delivery, 6>i@15-32d.
per ship Esther
.
Bhipm't,
Tuesday.
Apr.-May
Dec-Jan. delivery. 6
3,331
,
delivery, fi P-16d.
Dec. delivery, BX4L
Nov.-Dec
Monday.
Dec. delivery, 6V4d.
—
K>y,5.225
Middling clause, unless other-
Nov. shipment new crop,
deli- ery, fi)^d.
Dec-Jan. delivery,
Low
I
Apr. -May d- livery, 6 17- J5d.
Dec. -Jan. delivery, 6 1-16d.
—
Baltimore— To Liverpool, per steamer Nova Scotian, 955
Boston — To Liverpool, per steamers Pale-tine. 2.571 ..Bulgarian,
171.000
55,000
4'. 000
7.000
193.000
173,000
I
.
..
8 000
315.000
142,000
30,000
20,000
6,000
241,000
221,000
S'11,030
14.
61,000
6 000
38,OC0
5,000
4 000
306,000
113.000
59,000
41,000
7,000
269.000
248,000
j
I
I'eb.-Mar. delivery, 6 15 32d.
Total bales.
Liverpool, per steamers Britannic, 1,297
Nevada,
of Montreal, 2,013.. ..China, 1,545, and 17 tea
Island. ...Spain, 1,401
7.883
To Havre, per steamer France, 544 and 54 Sea Island
568
To Bremen, per steamer Hermann, 707
7u7
To Gothenburg, per steamer Othillo, 1C0
.. ..
100
New Orleans—To Liverpool, per steamers Arratoon A pear, 2,867....
Ariel, 1.4,6
per ships J. A. Thomson, 4,7(8
Bcindia, 5,241
. .Her Majesty, 4,715
.. per b irk Knighton, 3,900
.
52,887
To Cork, per bark Chiistiane, 1.309
1 319
per bark France, 1,729.
To Havre, per ship Matura. 4,271
6,000
To Du< kirk. France, per bark Jona. 450
450
To Bri men, per ship Constantia, 2,932
2,932
To Saniandrr. per bark Swift, 1,300
1,300
To San Sebastian, per bark Luz, 732
732
To Genoa, per schooner Mary Lord, 1^8
128
Mobile To Liverpool, per ship Belgrava, J, 500
4,500
To Amsterdam, per brig C. C. Colson. 800
809
Charleston— To Liverpool, per barks Mary A. Nelson, 1,379 Upland
Ellen HoU, 1,021 Upland
2.400
To Havre, per ship Pride of Wales, 9,750 Upland and 100 Sea Island 2,850
To Amsterdam, per bark Laura Maria, l,i)56 Upland
1,656
To Barce'cna, per brig Pubilia. 580 Upland
580
Savannah—To Cone or Falmouth for orders, per bark Wm. Wright,
2,h25Upl.ind
2.655
To Havre, p, r bark Therese, 3.587 Upland and 85 Sea Island
3,672
To Bremen, per bark larl, 783 Uplaid
781
TaiAS— To Liverpool, per bark Tarpeian, 1,316
1,326
To Rouen, per bark Oricn'en, 1,190
1,190
Wilmington— To Liverpool, per barks Berlha, 755
Amal, 851
1,751
Dec.
7.
79,000
8.000
16,000
5.000
Saturday.
Apr.-May
Dec. delivery. 6^d.
Jan. -Feb. rie'ivery, 6 7-16d.
1,892. ...City
>i.K— To Liverpool, per steamer Ponce, 2,100
Dec.
.30.
65,000
7.000
31,000
7,000
5,000
m
D;c.-Jan. delivery, 6 15-35d.
Jan. -Feb. delivery,
!5-3<!d.
Feb.-Mar. delivery, 6>£d.
Mar.-Apr. deliv'ry, 6 17-32J.
Nrw York—To
Minna.
Nov.
The following table will show the dally closing prices of cotton for the week :
SrM.
Satur.
Mon.
Wednes.
Tnes.
Thurs.
Fn.
9-16 ..@6 9-16 ..©6 9-16 ..@6 9-16. .(&6 9-16. .@6 9-18
..®ti%
®1;£
..@6Ji
..<&6S£
..@6X
..@8K
6^385
Shipping News. The exports of cotton from the United
States the past week, as per latest mail returns, have reached
So far as the Southern ports are concerned, these
84,976 bales.
are the same exports reported by telegraph, and published in
The Chronicle last Friday. With regard to New York, we
Include the manifests of all vessels cleared up to Wednesday
night of this week.
Nobf
21.
77,000
5.000
44,000
9.0C0
4.0 W
374,000
171.000
78,000
51,000
6,000
186,000
169,000
of
Mobile
81,889
6,350
26,850
hales.
Forwarded
Sales American
of which exporters took
of which speculators took
The wheat market was
active
and firmer early
for [No.
in
the week,
2 Chicago, f 1 36 for do.
December
THE CHRONICLE.
15, 1877]
5951
Milwnukee
Hinl $ 1 10 for No. 1, with white wheat at $1 51 for
ami $1 57@l 58 for extra. The fall of Plevnn, as noterl
d a falling off la the demand, and No. 2 Milwaukee
declined to $1 S4J, but winter wheats were well Hiipported. The
speculation in futures has been rather tame, from $1 115} for No.
2 sprint?, N. Y. grade, seller Jan., on Monday, to $1 32} yesterday.
The roads at the West have become very bad, and receipts
at Western markets have fallen off, being for last week, smaller
than last year. Today, there was a quiet, unsettled.rnarket, buyers and sellers being apart.
Indian corn was buoyant early in the week, but is latterly
drooping and irregular. The receipts of new cora have been
more lib ral, and the home trade is to some extent supplied bv
it, andthe export demand for old corn has been materially reduced
No. 3 mixed has latterly sold at 56£@57jc.,
in the past few days.
while No. 2 sold at C-ltrtOl Jc., in store and afloat, with steamer
mixed at 61 jc. for December and GQi'aJGle. for January and February No. 2 in x t'd declined to 64 Jc. for January. To-day, there
was a steadier feeling, but no decided advance.
Rye has been active and firmer at 76j@78c. for State ; Western
No. 2 is quoted at 73^74c afloat.
Barley has been active and firm two rowed State sold freely
for export at 73@78c, as to qnality, and in the past few days
several boat loads of No. 1 Canada at f 1. Western feeding Barley has brought 60c.
Oats have been dull and most of the advance of last week is
No.
1
;
;
The market to-day was
lost.
mixed and
83jc. for
quiet, with No. 2 graded quoted at
38Jc. for white.
FLOUB.
00$
4 15]
S53
45©
5 23
5 65
Wheat— No.Ssprlng.bnsh
'
|
|
No.2spring
No.
1
I
6
S
•>".
1.1
1 29
1 35
:is5 1 3<
88J. 1 41
42ii 1 48
45A l 57
K.T »
57v»
fJJ
14® 66
58 &
7*3 18
Red Winter
Amber do
White
1
1
!
.
|
.
I
|
.'',7
|
I
i-'i
—
I
I
.
,
I
I
:
,
,
»
week.
Floor, bble.
C. meal, "
Jan.
Hd.552
.
.
1.
3.3:0,648
r23,7S6
4.ISU
.
week.
1876.
3,36",151
Jan.
1.
.
week.
Jan.
I.
58,046 1.361,508
43,?05 1,822,92?
4,160
*'7,816
3,872
167,110
474,3/S 19,599,414 411,818 23,596,895
98;.465 2.5.>25,2<I 29I..-76 lb, 0-./4I
41,211
1,994.817
72,762 1,281.99
25'2.9 1,9)6,845
67,8-3
...
l,5i9
241,470
1,71,2
619.113
HMSS
Wheat, boa 218.818 23,.36i.493 26,227.8*2
". 804,717 3 .1,53*31 2 2o.407 8.9
C>rn,
"
l.in,tf07
Rye,
a.H'-O
1,543,343
Birley. "
22S.9SI 8.347,861 6.649 289
Oats ..."
:74,:i91 11.(02,930 1', '19,469
The following taoies allow
Grain in signt
mint of Breadstuff's to the latest mail dates:
.
.
.
me
and toe move-
SCRIPTS \T LAKE AND KIVKK PORTS FOK THE WEEK ENDING
DEC. 8, 1877, FItOM JAN. 1 TO DECEMBER 8, AND FROM
AUG.
Flour,
bbis.
(196 lbs.)
47.469
At—
Chicago...
.
Milwaukee
t8 043
Toledo
Detroit
Cleveland.
1,175
9,449
'2.150
Louis
Peoria
S8.75J
4 92)
Bt,
Duluth
.
ToUI..
Previous week
Corren>'ng week, '16
TO DEC.
1
8.
Wheat,
bush
Com,
bush.
Osts,
bush.
(60 lbs.)
211.S8J
221.91)
121,128
89,105
(56 lbs.)
(8* lbs.)
4ln,116
7.105
175,023
7,366
155,613
15,250
10.963
61606
7, .S3
8,358
00
8 550
16.177
31,600
»|«)
9.'
00
:2«,5ii
9.
153.518
1,200
77,0(10
841,133
840,701
l,li2.«95
xS.5,450
l.lSl.llu
S4B.V0I
'76.
1.910.171
ISi.lWl
2b7,7-6
Tot. Jan.l to Dec. 6 .4.7 28,617 51,2.8.4.1 73/. 10.1 6 29,6 s 83 2
B ime lime 1876
5,210, 57 53.621, ,91 "6 492,128 24,074,798
Barae time 1875
.4.654.355 66,310,811 46 2l>, -0.5 21,4-8 158
name time H74. ... 5.7315*4 74.996,900 54,ww.,847 21.61 .11 »
i. Ann
.oDec. 8. 2,1:41,815 .19.9 <6 810 8i.rO I 609 11.7.33.9
Bimetime 1476.
.2,114,239 21,181.255 3l,5
02 80 2
8*me time 1875.
.2.02i>,7:4 31.162.031 ISJUB.W M82S.189
Same time 1874
3,191,684 32,Ij3),611 11,47d,02; 11,08 J.U. 4
.
355,'61
1.316.0S4
W.M.9
1
.
T
Barley,
bush.
Rye.
bush.
(48 lbs.) (56 lbs).
15.78."
58,910
,:,9
159
13.110
19,350
11,6(0
6,4W)
.
114.993
113 218
l!8,«i8
l!1,75l
i
Vol
119,761
40
831. H43
52J1J
.'35
161,832
Bi.611
1V7.3.9
31.92
8.63 ,-57 1,85 ,46"
8,4 '4.5*1 8,892,696
5 604,316 2 723
5
5,1.8 .6 2 1.174.660
5,731.071 1,898 <43
5,465,341 1.5 5.2-0
1.15o.1/u
69j,51.1
8,706.189
MN&Kl
AND
Rye
bbls.
bush.
bush.
bnsh.
bush.
bush.
Tot. Jan.l to Dec. 8.. 4,3 15, <27 42.3h'i.i,J 69,431,123 17,601,7 6 5,404,776 2.354.817
Sam.' time H7K
1.M-.5 61S 47,"65.8^7 13.la7.629 W,»g-,njft 3,712 39.3 2,3 3,826
Bame time 1815
5,267,221 57,277,1 5 12,234.664 lv' 1.182 2,1.29 2*2
9(0,4M
5. .42,821
Kl..ol)R
WEEK ENDED
n-
N-wYork
B
iston
59,343,911 48,729,261 16,113,5.7 2,92 ,336 2,9M>,«0S
•
ANUtlKAIN ATSKAHUAKI1 PUHTf
8, 1H77, AND FROM JAN. 1 TO DEC.
DEC.
Klour,
bbis.
Wnw,
bnih.
127,if,l
423.8-43
6n,700
2 50)
44,:JO
81.2-0
.nland
Montreal..
P'r' delnhla
Baltimore
New Orleans
32 543
55 608
Total
2.1,(02
873,112
1'
.
14,6(1
92 ndO
'.'0,3'4
Corn,
bnsh.
Oals,
bush.
390 690
107.4:2
;.5oo
40J.226
301..S8I
43. 160
28,211
13..»38
7-.1
116.000
Flour,
bbls
Wbest,
Coro,
(j»;«,
besb.
bnsh
J89.900
239.989
hash.
t,0tW.t99
T.S«p.l66 I3.7-.-..05I
9.18.1.311
9,420.1
<>l
Wt.lM
3U71.7W lt.«W,$M
••' •y.
barb
t
11
M
.**•
118.719
.".1
2.5l«.t-;3
8M.I09
S.met me 1875
f.is,,:,, ,..
WI.4TT
Sams time 1874
19,3:6,8:8 61,131,176 60.05t.820 In
,510.13:
nn.tM
The Visible Suim-ly or kkain. •maprlatB<j lbs stocks la
<rauary at the principal point* of accumulation at
lake and
waboard porta, and In transit on the Lakes, the Xei r York
eanala
and by rail, Dec. 8, 1877, was na follows:
I
1
v.
,
.
,
In store at
„
New „
Vork
300
1,069 1M8
99*1.437
998.088
25,177
4 O.lOO
195.361
9'o.nOi
S19022
;
392.7 16
100.1O3
i,s»g
Niw T..rk harbir...
in New York cttuals..
Afloat In
Afliat
T
146.000
15.967
51937
I3J98
50.100
6T5.OO0
aw.ni
111.359
212.167
13.066
116.4 11
4-,
66*6*
::., >\
••1!
Mj
S.M*
131. 2Mi
7.934
H.ii.2
41.316
1.330
44.074
8,688
6.410
48
ni.oro
1.413
8J0082
133863
1,22 7
11,250
416,927
!37i786
24,656
698,703
121.193
17.1-0
,246.913
5,484.171
6,751. .9!
7.515.481
8,578,'67
4,054,819
8.9*2,201
6,«6*.U»
808.072
'.O-.tM
S4,i>5
13L978
79;n..4l
357',04l
380i,621
992 141
6,2.0,919
6,640,814
3.588.913
2,952,173
8,243.381
(M444
4,89, ,701
tl5,oS8
I
I0i763
688
43.818
S2.0J0
10.897 158
11,r.6),M3
12313.151
Dec.
9,
1877
1871
1876
mJSit
77
484.016
178.8*1
610,461
2- Vl7;.
1.143
1,
14,412,r88
9,315.765
10.396.143
:B,
8.V41
107,000
95.2(7
117,744
16,235
•!
I
•
17,740
4,716
24, 1871
17,
11
S.M.193
631. SO
Rye,
bnsh.
tiu»h.
23946
^^i
1317
Dec.
Barley,
RM.737
6.-06
17,888
90,848
NOT.
Nov.
Nov.
r,
Oata
i.u-h.
19n.9!9
650,186
297.210
27,09
week
do
Corn,
bu*b.
2.8II/I82
.
Lake
h.'it,
bu-h.
.
In store at Albany
In store at Buffalo
(11 store at Chicago
I
s lore at Milwaukee
'i' at Duluth
In store at Toledo
It store at Detroit
[astore at Oswego..
[u Si irn at St. Louis
In store at Boston
[11 store at Toronto
In store at Montreal
In -tore at Philadelphia
In store at Peorln
In 'tore at Indianapolis.
In store at Kaisas City
In store at Baltimore
Kill shipments, week
THE DRY
4.701.757
4.
535.500
00
tSaiiuv,
hush.
Rye,
Ln-.
10,24,
1,000
615
%>: no
8,600
29.000
293,529
10,000
23,094
....
1,523,291
6J7.997
364,701
4' 7.1
Oil
8.
Fbidat. P. M.. Dec
l.OCC
14,981
14, 1877.
merchants.
Domestic Cotton Goods.— The exports of
port for the week ending D-cember
this
packages,
including
1,756
packages
to
cotton goods from
reached
2,632
Africa, 270 to
Oieat
11
190 to Mexico, 133 to Brazil, 40 to British West
40 to Argentine Republic, 33 to Cisplatloe Republic
The auction sale alluded to .above had
31 to Hayti, Sc.
a depressing effect upon bleached cottons, in which transac.
tionB were meagre and unimportant, but brown sheetings wera
in fair demand and firm with an advance ot about Jc. on such
makes as Nashua R, Ocean B B, Appleton XX, Mystic River
Ac.
Cotton flannels were in steady request and Gnu, and
denims were distributed in fair quantities to jobbers and converters.
Tickings, dyed ducks and corset jeans were In light
demand, and cheviots and cottonades moved slowly. Cotton
watpsand yarns continued fairly active and In light supply.
Print cloths remained steady at 4c, leas one per rent, earn,
for ex ra 64x64 spots, and 4c, 30-days, for futures to Ap>il.
Ginghams ant cotton dress goods were less freely taken, and
Britain,
Indios,
on some makes of the latter.
Domfstic Woolen Goods. — There wa« an uneven movement
price concessions were offered
men's- wear woolens, and transactions were only mod -rat* Ik
Heavy cassimeres were in fair demand
for the season, and overcoatings were taken in small parcel* byin
the aggregate amount.
The clothing
trade
placed
some further
ordi-r*
for
worsted coaling*, meltons, cheviot*, and clothing flannels, but there was less spirit in the demand tban was
expected by sanguine holders. Cloakings were less active, and
repellents ruled quiel. K-niucky jeans met with moderate sales,
Hpritig cassimeres,
and satlcets were disposed of in fair quantities to clothiers and
Flannel* were in steady demand for small re. assortments, but the weather was not cold enough for the disribuiion
Worsted
of blankets am! transactions were consequently light.
remained
quUt.
and
skin*
andV.iawls
slowly,
goods
moved
dren
jobber*.
Foreign Duy Goods —There was a very
light
demand
for
hands, and joliber'a Rales were uiostlr re-nicted to specialties required by retailer* for the holiday trade.
The anc'ion cales were of cotnparaiiveiy little importance, and
imiorted goods at
a,ri»
GrOOD3 TRADE.
There was a continued sluggish demand for domestic goods
during the past week, and imported fabrics were very quiet in
first hands.
The maiu feature of the week's business was a
peremptory auction sale of nearly 6,000 cases of Lonsdale, Blacks one and Hope bleached cottons.
The sale was very largelyattended and the entire offering, amounting to nearly $800 000,
whs disposed of in one hoar, at prices which were fairly satisfactory to the owners.
The jobbing trade was generally inactive,
and the suspension of Messrs Adriance, Robbins ci Co., and Mr.
James Leahy was announced in course of the week. The liabilities of these houses are comparatively light, and the failure of
the former firm was not altogether unexpected by the best-posted
jobbers.
* Estimated.
6HlPHaN'lB OF FI.OCIl AND OHAIN FROM WE8TEKN LAKE
arv«tK ports from jan. 1 to dec. 8:
Flour,
What,
Corn
Oats,
Barley,
Same time 1874
BKCaiPIH OF
to Dec. 8.
1
Simetltnc 1876
82£
1
|
.
J»n.
$1 57 a
1
spring
403 5 70
1
t«W«.I
00^ 17 25 nrt.n.l^al'ii
Corn- Wesfn mixed.
50® 7 95
Y/e'low Western, old
do Minnesota patents.. 6 50& 8 75
Southern, yellow, new.
M
City shipping extras.. .. 5 40a 6 25 Rye
City trade and family
Oats— Mixed
,1
n
brands
6 603 7 25
White
3*3 4;
Southern bakers' and faBarley— Canada West...
8"** 101
mily oratids
6 253 7 50
State, 2-rowed
153
Southern shipp'g extras.
5 653 6 1ft
State, 4-rowed
60®
Rye flour, superfine
8 703 4 25 Barley Mait State
652 M
Corn meal— Western, 4c. * *-53 3 Oil
Canadian
100® 10
Corn meal— Br'wine. Ac. 8 2J@ 3 25 Peaa-Canada.bondAfree
85a 0J
The movement in breadstu 9s at this market has been as follows
BltOKIPTfl AT HIV TOBK
EXPORTS PROM KIW YORK.
Same
1877.
1876.
18T7.
For the
Since
time
For the
Since For the
Since
doXXandXXX
do winter X and XX..
.
UI1A1K.
I
No. a
») bbl. j3
Superfine State & Westera
4
3itra state, Ac
5
Western Spring Wheal
extras
5
„
^
Prerlouswoek
Oor. weak '76..
first
low prices were realiied
lor
many
of the goods *old.
THE CHRONICLE.
GOO
Hiitorialloiin
o!
:
875
do
do
do
—
1876
,
Pkgs.
Value.
Pkgs.
Si8
1 137,i93
cotton..
123
silk
240
478
203,512
173.326
ttt
554
438
334
615
Manufactures of wool
flax
Miscellaneous dry goods.
Total...
(0 052
857
S8,b75
2,125
1693,963
1877
,
.
Value.
Pkes
(100.310
215
149,904
190,464
404
3
2,029
$457,054
176
481
86,737
8'.
$593,387
1
WITHDKAWN FSOM WARSHOOSB AND THROWN INTO THE MAKKET
The following
table, compiled trom (Juslom H»use returns,
shows the exports of leading articles from the portof New York
to all the principal foreign countries, since Jan. 1, 1877, the
totals for the last week, and also the totals since Jan. 1, 1877
and 1876. The last two lines show total values, including the
value of all other articles besides those mentioned in the table.
Vale p.
.
J16.70C
115,416
S9.4I4
85,181
80,330
•.0,981
8,035
New York,
Exports of Leading Article* from
or Dry Good*.
dry (foods at this port tor the week ending
Dec. 13, 1877, and for the corresponding weekB of 1876 and
1875, have been as follows
SUTURED ron CONSUMPTION FOB TBI WJIK CNDIHS DEC. 13, 1817.
The importations
[Tou XXV.
THB
DITI'.INO
OOSl C*J
2*
— «3 « 3* «- aO f^i#3 » — i- 51i'»C*.Ct
i;>X)Vt.w-it«a3tO-o
f
£3i0rj(l3..OWWN(C< iifl'S"
,
O—
-
«-
<J>
*
*T
8
—
w Wi
*' '^
_ 5_
= - "*
—.^rt-irTOJ-s^-i *^
3»aowJ-3"«
-'-
-.
oj
*
"r
a
co -»
er.
eo
-.c
ten
<©
j^O-fW jivSi- 2
SAME PERIOD.
Manafacturesof wool....
cotton..
do
do
do
197
87
silk
flax
$69,876
106
*14,163
161
25,415
82,583
61.097
15,077
329
101,275
72,130
33,691
16,329
83
63
141
$194,018
692,963
1,137
2.035
$302,581
593,237
$837,011
5.172
$900,363
2,776
$625,931
81
K0
205
Miscellaneous dry goods.
150
Total
Addent'dforconsumpt'n
2,125
Total thrown upon m'k't. 2,875
409
$63,661
21,i73
241
26.582
41,523
15,649
747
$168,350
2,029
457,054
221
o73 g-n
I*
ENTERED TOB WAREHOUSING DURIN8 SAME PERIOD.
Manuf act are s of wool ...
cotton;..
do
silk
do
186
120
Miscellaneous dry goods.
26
.
60
$59,412
517
62,217
63,552
80,030
6,337
115
66
260
997
213
230
49
2,600
56,436
43,402
$101,3=0
-J
W
i
ff*0
O
3«
— CO
—
-.
<•»
e»
.
Uj«3
«3*
98,3'I4
32,222
118.226
26,796
497
H
r-rfi
2,125
692,963
1,6(5
2,035
Total entered at the port. 2,853
$963,561
8,680
J2J«..'.98
Addent'dforconsumpt'r.
$104,872
61,850
47,562
:gttc&t- ao^i
:
$377,018
598,287
8,619
2,029
$918,459
5,643
$834,012
$320,172
457,054
Imports of Leading; Article*.
15
Co
S3
:
""2
-»
.9,-S.AP-
#155:
:SS§
:S
:
r>
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•
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— OTJO.-i.31
^ co
,
»?£
|-T#t-l.
^"^rO*
»—
(°j
*
following table, compiled from Custom House returns,
shows the foreign imports of leading articles at this port since
January 1, 1877, and for the same period in 1876:
The
[The quantity is given in packages when not otherwise
Since
Jan. 1,'71
Same
Barthenware—
China
Barthenware
Glass
Glassware
Glass plate
Buttons
Coal, tons
Oocoa bags
Coffee, bags
Cotton, bales
Drags, &c—
Bark, Peruvian..
Blea. powders.
Cochineal
.
Cream Tartar...
Gambler
Gum, Arabic...
Indigo
Madder
Oil. Olive
Opium
Soda,bi-carb....
Soda, sal
Bodaash
Flax
Furs
Gunny
cloth
Hair
Remp, bales
Hides,
Metals,
India rubber
Ivory
Jewelry,
Jewelry
Ac-
Cutlery
14,220
39,186
801.1'lv
35.795
7,621
6.412
76,892
22,403
1,706,593
4,919
16.909
84.162
357,038
34,238
8,505
3,661
1,308
105,834
917,663
45.601
996,973
9,993.985
177,091
Hardwaie
Lead, pigs
Spelter.Tbs
Steel
Tin, boxes
4,95'.
Tin slabs, lbs
64,019 Paper Stock
22,452 Sugar, hhds, tcs.
bbls
1,312.661
4,958 Sugar, bxs
60,430
5,482
4,727
1.314
39,879
1,639
23.587
60,316
62,684
4,810
6,317
4,825
3,838
142,613
526,640
2,807,724
814,067
61,854
A bags.
Tobacco
Waste
Wines, Ac
406
Champagne, hkU.
38,453
27.632
4.755
1,752
6,039
66,414
788
87,972
123.746
43,456
Wines
s8.ie6
4.961 Wool, bales
8,069 Articles reporttd by
1.496
valut—
34,647 Cigars
1,091 Corks
80.836 Fancy goods.. ....
48.029 Pish
57.078 Fruits,
Lemons
6,57.
Oranges
Nuts.
2,016
3,087
116,331
1.445
4.983
40,935
2,210
Ac-
Raisins
HideB. undressed..
Kice
Spices,
2,628
601
331,029
90,293
Linseed
Molasses
2.635
565
551.965
100.59J
S
1,316,403
40,231
1,053,821
479,503
988.176
1,215,519
825,001
1,410,273
11,161,671
£94,383
1,234.141
717,321
1,583,752
6,901,756
133,320
121.161
116.1S6
457,065
419,351
193.429
119,374
454.236
161,935
386,442
JO. 1 93
560,669
44.132
£60.407
76,823
609,028
37.159
Ac-
Cassia
Ginger
Pepper
Fustic
Logwood
Mahogany
*
fS
'
pkgs.
6,157
6,713
3,363,153
bush. 33,363,49.'. 36.327,822
33.53S.312 26.407.869
"
11,902,930 11,919,463
bbls.
Wheat
Oats
"
Bye
Barley&malt"
Grass seed. ..bags
Beans
.bbls.
bush.
Peas
Corn meal., bbls.
bales.
Cotton
Hemp
"
No.
Hides
Hops
Pitch....
Oil cake.
Oil, lard...
.
Flour
bales.
Leather
sides.
hhds.
Molasses
Molasses
bbls.
Naval Stores
Crude turp.. bbls.
Spirits turp
"
Bosin
Twr .......
"
"
3,310,618
1.911,607
8,347,661
148.121
83.193
649,877
223,136
120,444
6,267
S.213,tl'9
1 12,886
4,233,968
416
85,331
8,436
75,521
876,911
22 »7'1
1.543,8431
.bbls.
.pkgs.
4.535
3I1.0IH
18.23C
Pcauits... ..bags.
ProviBioasButter... .pkgs.
*T
Cheese. .
.
,
66,1071 Stearinc...
Sugar
..bbls.
405 Sugar
72,156
Tallow
Tobacco.
.hhds.
.pkgB.
..
3,323 Tobacco.... .hhds
75,220 WhiBkey... .bbls.
bales.
873.512 Wool
17.701
1877,
..bbls.
.
.
Cntmeats
6,639,289
Eggs
161,189
14
Pork ....
95,905
..
Beef
1,150,13*
Lard
179.025
.kegs.
Lard
949,409
3.015 Rice
. pkgs.
8,754,701 Starch
3,637,260
*
aoT
:
r»i*»oo(ii1 hflnfl.
.No.
80,805
1,319,318
2,335,56V
981,744
462,610
166.699
47,935
403.586
40,813
37,241
355,333
17,815
786
13,331
69,139
192,819
97,319
150,497
99,10.'
10 7SS
-
i5«>'9H(r'-i-K2
«•
"
£.B* ,-.W
»-«r-«
S-
««c'eT
KO
'
>-<
ton
=
83
'
V
••
.=-
.
.
= iO
oor-T
r^oC
»-T
gas8* II
—
3*«-
O
j=g
;
:
••«
•:»8
t"
!
and
15 J" 22
'»wn*-H.,
S3
;
:
:s
e
:
'^*
of
s
8
.
'
:
:
*
02
.
.0
.<rtO
•
.t-
'
£0
8 V"S
<0
.MTn^«
»- -o *-3 sac*"*
™n
.
.
Q
; SO aO »0
?
•
CO
w•
co
ffl
T!
COS
o «' «
_ CO -N CH JR t ,
*«»
1,
F-t
"too
to 55
"
,*«
•
O O TO O CT *? r-
sgs
w*
-*
1,241,916
2,116,201
563,640
622 259
160.991
99,812
359.41S
24,212
41,533
358,6o8
21.047
1,079
12,813
63,180
233,516
115.501
135,031
84,430
38.919
,
ODO<
c*— to-^^aigea
2
S^?^3 CC -o CO M ~t
3W0)'
T-
str-e
for
3,377
451,960
9,919
60,738
J!
-
2?
k—
1,
W
2S
*
|0C*
Since
Same
Jan. !,*n time 1876
Same
Since
Jan. V77 time 1876
BrcadstufEs
0O«
*-•
• -wi
The receipts of domestio produce since January
the same time in 1876, have been as follows
O
o
994,753
Receipts or Domestic Produce.
Ashes
•
5KS
WoodsCork
oi c*
tfiOO
33,408
113,153
45,555
1,245.010
6*.73 r
897,329
532,060
^-» '-' p
33
548.163
1.995,4*0
833,277
54,718
621
$
Saltpetre
Watches
v^
782
I
Ac-
S,l>16
3,700
73.927
815,964
51,178
831,411
8,003,770
182,786
A
Tea
13.935
26.75D
4,869
Ac-
Bristles
Hides, dressed..
Sincn
Same
Jan. 1,'71 time 1876
Mme 1S76
China, Glass and
specified.]
u
«'
J
December
15, 1877.
THE CHRONICIA
J
(IKNII1UL
OUNNIK8
HAY-
PLUCKS CJRrtKNT
North Klver BMnp'ur
ASH KB-
a b.
rriticn
BltKADS ft FFS-Soe, special report.
<»,»
5
I
BUILDING UATKItlALSSriotj— Common bard,anoat..ti M lit « 5 CO
Croton
a ix) •10OJ
a
Philadelphia
23 111
w bill.
CtomeiU— ItoseuUale
90
time— Rockland, common. ...V bbl.
80
Rockland, finishing.
> » »i*«r Plne.g'd to ex.dry* M It. 43 CO
la 'JO
do uily tumrds.coiu.to sM.evh.
V M. It.
Abo. goo
BUCK walnut
25
31 00
35 00
SO 00
l
spruce boards at [.lank*,
Hemlock boards, each
•
13
* M.
ft.
8000
....
in. ton.
Clinch, ix to Sin. &
'22
»li* keg
longer
Ha.!..-
Waih— :ua<0d.c-
acli
*
<
25
3dfina...
CuUplkes.sllslies
taints— Ld..wh. An. .pure. In oil » n
8
Lead, wn. Amer., pure dry
7
5
Etnc, wh.,Amor. dry. No. I
Zlncwb... Amer. No. 1, In oil
Parlswhlte. K.'.a..gold....a 1P0B. 170
»aTTER-A>w— (Wholesale Prices)—
,
1
25
12
20
19
,
ir.
f
,
Dairies, pnlls, r'. to p'tne State V ».
West'nfaet'y, tubs, g'd toch'je "
H'l flrk. tuns.state.fr to prime "
Welsh tubs, State, com. to p'ine "
...
1
» 70 00
a 22 00
a 83
a W00
a 33 00
a 100 00
a 28
a 18
a * 00
a 2 50
a S 25
a 4 15
a
a
c
a
9
a
a 1»
a 28
a 18
a 21
a 23
Pine, shlnpl.ig Hoi
Oak
Si oo
t 00
a
a
a
OBSESS—
State factory, fair to choice
> a>
Western factory, good to prime.. "
last auction,
or rates as
H
boken.
3 «2 61
2 .2*2 57
2 !•'«' »»
2
2
show
U
P.AR.
* W.
1..
Sclied.
-*2
—
—
—
Orate...
Egg .••
Stove...
Ch'nnt..
00
00
prices at
11
8ched.
Sched.
Port
W'naa-Ken. N.York. Jobn-t'n.
H..T. 27.
St'n.b...
will
D.&H.
ll.L.&W.
Auction.
fei.n.
003
Ooa
10
13
November schedule
er
\
K
11X
12
10X»
COALLtverpoolgar cannel
Llverpoolhousenannnl
Anthracite— The following
a
10
92 SO
«
'
55QW U
<3»i 40
2 90
2 90
3 10
ord. ear.eoand90days.gid.yii
gold. ••
gold. M
gold. •'
gold. ••
do
do fair,
do
do good,
do prime, do
Java, mats
NatlveCeyion
Mexican
Jamaica
Maracalbo
baguayra
St.
Liomingo
IBM
jig
19*3
a
22
*
Bolta
M
a
17
16
-J
ii
a
u
1
1
II*
20 X
17
'.0
3>.
21
American Ingot, Lake
ITJf
Argola.crnde
Argols.renned
cur
gold.
2H*
lb
<4)
a
2IX
too a
ft* cnr.
Blchro. potash.......*
12X3
Bleac'itug powder
> K0 B. "
50 a
Brimstone. 2nis A 8Mb, per tou.gold.23 50 s.
Mi. .cur.
Brimstone, Am. roll
3 a
4 IJtt
13
1 55
'
2
50
28
i
"
100
» "
a
i
"
cajtoroll.R.I.Inboud. Veal. .gold.
Camphor
refined
23
HI
"
Uimbler
",i
Olnseng
cnr.
•'
Glycerine, American pure
"
Jalap
"
Licorice paste, Calabria
••
uleorlce paste, Slcllv
iloorlce paste. Spanish, solid., .gold
....(In
25
26
Am. .cur.
gold.
cnr.
,
125
do
per 501b.
do
do
do
Looae.new
Valeniin, new
Currants, new
Citron, new
do
Da'cB
13
00
:» si
12 CO
,
Canton Glngc-.wn & hf. pots.fi case.
Sardine*, V half box
BarJle. * quarter box
_
«t n>
.
t> a>
1
MX i
Va
liaaphe.rlie
Sute
Vso-Ueberrles.
new
"••»
vi
• so
20
a
•
a
a
I8)i3
I2v»
:
6
,
d
19
IX
6 on
n
to
20 00
',1
a
a
a
4X®
v
Peaches, pareri, Oa.prti e ft chclce.
iinpared. halve and qrs.
do
Blackberries, bags and I bit. (new;.
ai
1
-i
21
80
00
:ixa
Comexic DrledApple;,S uhern, slice-'
do
quarter!
do
do
State, sliced, new
do
do quarters,
:
.'.0
n
31
io
ala'-.tront. It.lian
1
13
1
wet...
6
4'
27
13
I
a
u J
11
a
California.
Matamoras.
"
do
"
33
22
32
22X
"
..
a
a
11
a
KXB
5 a
3 a
3 a
growths
INDIA RUBBBR-
10X
IiX
15
12X
10X
FxtraCeo
:»<X
-jSS
•
..."
*
Molasses sugars
iVa
(J]
_
••
Prlmeclty
Western'.
»,l
Kentucky lugs, heavr
"
8
a
a
5 a
12 Z
90 a
"3 a
I9xa
21
a
TIB
le '"'
,
87
Pa. assorted Ion,
Yara, assorted
six
a
a
c
a
a
a
a
T8
g;
36
39
37
40
V
a
a
ton. 13(0
t; 50
16 00
23 50
American IX
American, Nos. 1 A
American, Combing
SIX
89
a
a
5
LEAD*
gold
100 lbe,
6
cur.
c.)
B.
ft
Hemlock.Bnen, A'res, h.,m.4
"
California, h., m. A
l.*tt.
m.
a
80
3*
II
»
«.*. e. a.
a.32, «
a
bbl
Heavy goods. .» ton.
*
Pork
»hhi
17
a
a
a
a
39
ii
,.d.
8X4
...
5 6
3 9
1
tit
«
7X»
...
7X4
8X «....
*
tee.
a. at.
aX
II,
8 8
i85
33
Corn.b'lkAbgB. film.
Wheat, bulk A bags..
Beet
a
a
a
x
a
,
23X
1
i.lde.li.,
J
35
«1
94
43
Mill
7»».
Cotton
Flonr
24
\g
44
a
a
15
27
29
23
72
13
gold.
FREIGHTS—
8
43
21
is
Smyrna, unwashed
40
17
as
<s
119
S a
«a
Burry
Sjuth Am. Marine, unwashed
Cape Good Hope, unwashed
Texas, fine. Eastern
Texas, medium. Eastern
4 50
7
11
5
u7X
M
u S
Inferior.
ToLitxbfool:
37Xa
6
2
Extra. Pulled
3 F-10
a
a
«|
No. 1, Palled
Calllornla. Spring ClipSuperior, unwashed
Fair
SO CO
18 00
17 50
.'6 50
a
-Tfi-la
WOOL—
1
fa
11
,
Havana, coin, to fine
Manufac'd, In bond, black work
"
" bright work
59"
sV
«a
3
....
Beed leaf— New Eng.wrappersll-TS
d0 _ "I'"'. 74- 75
_. ^ .
3
...a
,
S
..
TOBACCO-
Bar, Swedes, ordinary sizes. .? ton. 130 00 ai32 50
V lb. 2 5-10a
5
4v
23
28
S3
31
1
rough
Slaoghtercrop
Oak, rough
Texas, crop
Commercial Cards.
H
gal.
ft
Brinckerhoff, Turner
.-a
"
Cuba, Mu3.,rt fln.grMs.50 ttBl.
do
do grocery gradeB.
Barbadoes
Demerara
Porto Rico
"
...a
a
a
bbl. 2 25
a
"
"
V
9
a
43
33
40
23
M
Tar, 5Vashlngton
Tar, Wilmington
•'
*'
¥
43
46
60
43
8
237X(t
"
Pitch, city
2 12X4
Spirits turpentine
fl gal.
31X8
Rosin, strained to good strd. ft bbl. 1 70 iv
••
low No. 1 to good No. 1 ••
.... a
11
low No. 2 to good No. 3 "
1 fO
a
'•
low pale to extra paie.. "
2 73
a
wlndowglajB
&
M 3
"
C.com. toi»rlme
NAVA1, STORES—
"
X
••
TALLOW-
More Price*.
"
•
••
Yellow C.
OtherYellow
18
a
83
Plg, American, No. 1
Fig, American, ho. 2
Pig, American, Forge
Pig, Scotch
common
'."J
iuZ
n
!
••
'.
do
off A
WhlteextraC
IHO»--
"
••••»
«
Coffee, A. standard
.
Para, coarse to fine
Esmaralda, prebSe.l, strip
Quaysquil. pi-eased, strip
Panauiastrip
,
Carthagena, orossed
Nlcarsgua, sheet
Nicaragua, scrap
Mexican. sheet
Honduras, sheet
Ordlnaryforelgn
Domestic, cemmon
Bar (discount, 10 p.
"
"
Sheet
,?i
,2f
••
powdered
do granulate!
do cutloaf
ii'x
»
a
9X4
VB.
1S77
all
2
14
<:rop of 1Si5
turn
....
R-Jtned -Hard. crushed
do...
HOPS—
Crop of
Brazil. *os.9<*ir
h
8
10
V&M
j^l
Ilard,
17
11
{*
{u
Melade
„
Manfls.sup.and el. sup'..*'.'."* «
Pauvla, Noe. leaiJ ../..... .. •.
2t*X«»
gold
HXtfulterf—Buen. Ay, selected "
P»r».
"
do....
California,
"
do....
Texas,
do.... enr.
A. J. stock— Cal. klps.slaught. gold
kips,
*'
Calcutta
deadgreen...
••
Calcutta, buffalo
,81
..
,
....a
l>ru *i;«rf-Mara'tio^s they ran"
Mataliloras
do.... cur.
Savantlla,
3
a
rrflnlng
Porto lllco.refli fair to prlii "
Iloxcs cayrd. No.. lOall..
••
(entrlfiigal, Nos. Tail
-
21
4
SO
30
lb.
Brazil
FlU.erts, Rlclly
a
a
Walnuts, Naples
OAKOM—Navy, U.8. Navy* beat »B.
OIL CAKE-
And
17-ix
"AWNING
tOX
BTR1PKB."
United States Bunting Company.
A
Clty, thin oblcng.bags, eol.'. ft ton. 35
Western, thin oblong (Don;.) cur " 31
kinds of
Also, Agents
K
ex*
all
OTTON CANVAt, FELTINO DTJCK, CAB COYER
1NG, BAGGING. RAVENS DUCK, SAIL TWINES
*C. " ONTARIO" SEAMLESS BAUS,
2 50
3 05
4 00
5 00
13X
12X
12
9
recall
Id
COTTONSAILDUCK
3 35'
a
a
a
4
Co.,
Uacuftctureri ami Dealers
8TX
lOVft
2
07X
k
&
IPX
gnj.
ft
'
"
Olive, in cankB* gall
Linseed, casks and bbls
Menhaden, crude Sonnd.....
Ncatstoot, No. 1 to extra
Whole, bleached winter
a
75"a
Klo Grande,
Orinoco,
do..
do....
do....
do....
Cotton seed, crude
*»
1
s
mixed
s%
@
Corrlentes,
lul
.,
Onod
»M
3|u a
(w4
».
g....ft
full
supply
all
Width* and Colors always
Dnans
No. 109
In stock.
Street.
&
George A. Clark
Bro.
OILS—
"xa
IV..
Turkish (new)
French
1 Uerrie*.ary
.'".lures,
at
•Xi
Figs, layer
jo'
trull
Layer, new
do old.
"franes,
»
,9
a
( r.2XJfe
FrSOIT—
RalsisB,Seeaiess
4
25
3 40
"
.
1
.a
FISH-
Gr'd Ilk.ft George's mew) cod. » q,U.
Mackerel, No. 1 \f shore
pr.bbl.
Mackerel, No. 1, Bay
Mackerel, No. 2 Mass. shore (new;.
Mackerel, No. S. Hay
.
Si
Shell Lac, 2d A 1st English. Kb. cnr.
13
K 100 ». gold 175
Bodaash
Sugar of lead, white, prime, Kltcur
Vitriol, bine, common
8V
5X
a
a
a
a
a
Jute
X»r*-Bueiio«Ayres^elected.»Bgold
Montevideo,
"
do....
Alinonds, fordan shelled
J4X
a
»
iy a
(2x3
24 q
SI a
50
r *lr
7
UIOE8-
Olds,
I'.reriortoeamaienretnl.
«2I0 00
4779 00
)0
270 00
.»»
,
NTJTS-
n
55
6k»
bond), gold. 3
Rhubarb, China, gooJ to or.... "
Balsoda, Newcastle. SluUtt, sold
m
5
in
•'
Quinine
lis
19
is
cnr.
Oil vitriol (66 Brimstone)
Prnssiate potash. yellow.
Quicksilver
a
a
22X»
27 a
12
••
Kidder, Ontch
Maddor.French. E.X.F.P
Sutgnlls, bine Aleppo
Opium, Turkey
1
2S
a
a
• loo n ••
4 i2xa
Ciastlc soda
"
"
Ciloratepotasb
7175 8
"
C'Chlneal, Honduras, silver...
59 a
"
Cicblneal, Mexican
51 a
"
Cream tartar, prime Am.
24 a
cnr.
Cibebs, Bast India
8Xa
gold.
Citch
SSaO
-
Manila
W.
«»Xa
*'
Arsenic, powdered
Bicarb. 80da.Newcastle.fi
US
..gold.
Italian
Cuba, claved
1
a
....a
COTTON— See special rapori.
uuaus A OYK9Alam, lump. Am
V
ailSOO
»1*00
MOLASSES—
....a
...
175 90
•• 1!UIW
Sisal
"
SI'OAR-
Vton.
LEATHER-
21
1.10.
COPPER—
Sheathing, new (overia o»;
Br asters' (oyer 16 oz.)
as
i5K«
lfxa
••
"
gold. "
"
gold
gold. "
gold. "
gold. "
Savanllla
Coats Idea
16V
a
19
"
...gold
gold.
gold,
16X8
mxa
PSLTBK-
»
H'Xt*
II
Sheet, single, doubled: tret.le.com.
4
3X3
Ratls. Ainer., at Works.. V ton, cnr. 33 00
37 00
Steel rails, at mill
45 to
....
2 60
COFFEE—
mo,
1IK.MP ANll JO IEAmerican dreaeed
Amerlcau undressed.
Uuasla, clean
100
Hoop, Xx.No.22tol&:Xx.lS414 "
Sheet, Russia
gpldftt
300
2 30
*
Scroll
«J
2 70
2 75
)l!
2 50
2
I 95
2 90
<;oi
—See report nnder Cotton
1
1
1
r«
1
S5
(I
•*
*•
«•
"
Whale, crude Northern
Sperm, crude
Sperm, bleached winter
Lard oil. Nor. 1 and 2
is'
••
"
"
PETROLEnMCrnde,
Cases
*gil.
in bulit
PROVISIONS—
»
bbl. 13
.
14
14
««
3X
«H
.JX
10X
SX
8X
-
i«oo
a
&
13 00
.* 13
*•
•
"
"
SIX
....
i:V6
50
AGENTS FOR
nrasliinztou ."villi", Clilropee .Tirj; Co.,
Uurlliiston Woolen Ce.,
EHerton
"
I'M*
I2<<
S-33
*
RICE-
Carollna, fair to prime
Louisiana, fair to prime
Rangoon,
Patna,
In
74
bond
amy paid
».
"
««<»
*"
•XS
3xa
"
4X
6X
3x
Turk's Island
St. Martin
Liverpool ,vs nous sorts
....a
....
V
»nsh.
f>
sack.
SEBDB-
t
Clover, Western
Clover.New YorkStatc
Timothy
Canary, Smyrna
1
:s
•
:»i
.1
M j
boeh.
I
83
Canary, Sicily
Cannry, Dutch
H'mp,
16X
Flaxseed, American, rougS... . ....
*>S6B. goM
Linseed, Calcutta
* !• » gild
Liiiiccd Bombay
nillo,
43
*
KKW
43
' From Vsrlou.
Mill..
YOitn.
Wuitb Stbx«t.
15
PHILADELPHIA,
J W.
DAYTON.
290 CtlxrrxirT
John Dwight
BOSTON,
CBafaoar
foreign
1
90
&
Co.,.
MA"rTUFACTLT?KK3 OF
or
SODA.
Naw
No. 11 Old slip,
The JCDOIDK Trade ONLY
Bt.
8TTM1T.
SVPER-CARBO.\ATE
a».
.
»
New
Atlantic Coiton mil*.
Saratos* Vletory JIiTr, Co.,
fc
"
23
15
i;
11
....
.
*
!3X»
"
"
;•_
'.'
]
E.R.Mudge,Sawycr&Co
"
Pork, mess, spot
Pork, extra prime
Pork.nrlme mes*, Wefct
B.ici, family mesa
Beef, extra mese. new
Beef hams, W. snn, cured
Bacon, City long clear
llams.smtikod
Lard, City steam
NRBDLIW.
niilsIX
400 BROADWAY, KKW YORK.
18
"
Refined, standard white
Naphtha, City, bbla
MIXWARD'S
8
8 00
20X
49
3d
•1
45
vo
j
York.
Scpp'.leU
1W, CHRONICLE
(502
Commercial Cards.
W. ROSENFELS,
S.
is
P. O.
Box
NEW YORK.
Olyphant &
Co.,
COMMISSION MERCHANTS,
Sliaus'Hai, Foocliow A
Canton, China.
American
van'zed Cliarcoal and BB tor
Chips' Ringing, Suspension
Bridges, Derrick Guys,Ferry
Kopes, &c.
A large stock
constantly on hand from
which anv desired length
are cut. FLAT STEEL AND
IRON ROPES for Mining
purposes manufactured to
THE MOST ARTISTIC
STYLE,
IN
New
YorW.
Theo. H. Freeland,
all
THE
CLIFF STREET,
Now York.
market
Between John and Fulton,
kinds of
&
Tin
32. Pine street.
PIG TIN, RUSSIA SHEET IRON,
Financial.
UNION TRUST
NEW
rT
-
-
.
Spelter, Solder,
St.
MANUFACTURERS OF
Locomotives, Stationary Strain
LEGAL DEPOSITORY FOR MONEY.
Interest allowed on Deposits, which may be made
and withdrawn at any time.
N. B.— Checks on this Institution pasa through the
KDWAKD
J.
M. McLean, 1*
President.
Superintendent
Manchester. N.H.
EXECUTIVE COMMITTEE.
J.
M. MoLkan,
8a MITEL WlLLETB,
"Wm. Whitewright,
B. H. Htjtton,
E. B. Wkblkt,
G. G. "Williams,
J.
&
Clinton
CAPITAL,
sts.,
Buy and
Brooklyn, N. Y.
$500,060.
It can act as agent In the sale or management of real
eBtnte, collect inte eBt or dividends, receive registry
an<? transfer hooks, or make purchase and sale of Gov.
ernr,.
and ether securities.
Religious and charitable Institutions, and person*
unaccustomed to tne transaction of business, will find
this Company a safe and convenient depository tor
JOHNSTOWN,
,-
Henry Sanger,
Alex. McCue,
Chas. R. Marvin, A. A. Low,
Ai»m. B. Baylls, 8. B. Chittenden,
Dan'lChauiicey, John T. Martin,
Jonlah O. Low, K'pley Ropes
Austin Corbin. ffdniund W.Corllei.
Wm. H. BTJNKKK, AftnTFUr*
Greenebaum Bros.
W*. BORDEN.
TO
BANKERS,
CABLE
i'i.aNSFERS.
Purchase and sale of Government Bonds, Municipal
and oi her investment >-ecurltIes
Special attention given to collections throughout
Europe and the United states.
CITY
dc
Cor. Pine,
New
York.
I860.
$1,883,636 36
Reserve for all other liabilities, including re-insurance
Net Fiie Surplus and Reserve....
2,517,028 04
4,tjlC,630 TO
10
Invested and Cash Fire Asset.s.$8, 500,185
Subscribed Capital, for which the
Stockholder are personally
lia-
ble, not yet c lied in
$9,545,054
total Ltabili'ies, includinp: re-insurance, in the U.S.
$78 n ,M8 04
Net surpina in the United States.
9;6,75i 4>
Fire Assets held in the
TJ.
S.
..$1,767,276 53
The above does not Include
the Life and Annuity
Funds, which, by act of Parliament, are In a distinct
and Beparate department, for which the surplus and
reserve of the Mre Insurance Department, named
above, are not liable.
HAS. E. WHITE, SAM. P. BLADGEN,
Managers.
ORGANIZED APRILIZT?
1842
FALL RIVER LINE STEAMERS.
Msgfggjr
ISAAC SMITH'S UMBUELLAS.
LIFE rvNB ENDOWMENT POLICIES
NAILS. BANDS, HOOPS
York,
COUNTY RONDS
AND ALL OLA8PK8 OF
INVESTMENT & MISCELLANEOUS 8ECUP.ITIE8
fief ere by permission to W. S. Nichols & Co., Bankers
St.,
Established December,
Called in ai d paid up Capital
New York,
AND RODS.
OLD COLONY 8TEAMBOAT
DEALER IN
ST. LOUIS
St..,
PALL RIYER IRON WORKS COM'Y
Alden GayJord,
New
West
"•UMBERLAND COALS.
Travelers, availab.e everywhere.
St.,
71
1809.
in
BORDEN MINING COMPANY,
Transact* General Bankingbusine s; sell Drafts on
ana issue Letters of Credit for
allcitl a of Europe,
33 Wall
&
54 William
AGENTS FOh
IS Wall Street, New York.
CHICAGO H 'USE: HhNliY GREENEBAUM & 00.
J.
LttVELL
h. N.
Borden & Lovell,
COMMISSION MERCHANTS
& Co,
OF
LONDON AND EDINBURGH,
Reserve for
i
TRUSTEES:
Alex. M. White,
cantile Ins. Co.,
64
P1T1SBURGH, PENN.
All business relating to the Construction and Equipment of allroads undertaken.
Ctjllkn, Counsel.
JohR P. Rolfe,
Thomas Sullivan,
H. K. Pierrepont,
John Hal»fiv.
PJSAN.,
Edgar Thompson Steel Co. (Limited),
BTl'LKY RDPE8, President.
CHAS. R MAR?LN, Vice-fYeat.
and Mer-
British
Incorporated
AND THE
ml
Edgar M.
North
UNITED STATES BRANCH:
sell
Cambria Iron Company,
trat'- r.
J.B.Rockwell,
ST.,
Railroad Investment Securities. Collect Coupons and Dividends. Negotiate Loans and
draw Bills of Exchange on London.
Agents for the sale of STEEL KAILS made by the
This Company is authorized by special charter tn ac
aa receiver, trustee, guardian, execu or or admin 1b-
money.
Water etl set, Boston
41 CEDAR, COR. WILLIAM
New York.
The Brooklyn Trust Co.
Cor. of Montague
Superintendent.
J.
OfilLVIE, Secretary.
II.
henry w. baldwin,
S. Kennedy & Co.,
BANKERS AND MERCHANTS,
Geo. Cabot Ward,
tueodoke rcobkvklt.
.
-
drexel building,
Treasurer,
40
"
•«
Corner Wall and Broad Streets.
E
and Tools,
MANCHESTER, N. H.
BLOOD, \V. G. MEANS,
ARETAS
2d Vice President.
7 7
middlk department,
office
Bines,
President.
Vice-
Wm. Whitkwbight,
KING,
-
Works,
Locomotive
Authorized by law to act as Executor, AdministraGuardian, Receiver, or Trustee, and Is a
IN 18
DISCOUNTED
*•
ON PRESENTATION.
JAMBS BUELL,
PRESIDENT.
IN
tor,
Clearlng-House.
MATURING
MA CHESTER
Transfer Agent and
Registrar of Stocks.
$820,000.
APPROVE!) CLAIMS
*»»
COPPER, RRASS AND WIRE.
HAS SPECIAL FACILITIES FOR ACTING AS
SURPLUS,
EVERY APPROVED FORM OF POLICY ISSUED
ON MOST FAVORABLE TERMS.
Antimony, be.
MANUFACTURERS OF
$1,000,000.
in the crrr of new yore.
261, 262, 283
VDWAY.
ORGANIZED 1850.
ASSETS, $4,837,176 A2.
AMD
LEAD, SHEET ZINC, COPPER,
YORK,
Insurance Company,
ALL ENDOWMENT POLICIES
CHAP.COAL AND COMMON SHEET IRON
CO.
No. 73 Broadway, Cor. Rector
-
Plates,
OF ALL SIZE8 AND KINDS.
Yard-537 West 22d Street.
CAPITAL,
Roofing
STATE s
u NITED
LIFE
BRO
IMPOBTEKS AND DKALEliS IN
supplied.
ALFRED PARMELE,
Insurance.
Geo. H. Stayn*r, Treas.
PHELPS,DODGE&Co
Orrell,
Also,
Sec.
Railroad Material, &c.
ANTHRACITE COALS.
OF
JOHN W. MASON & CO.,
43 Broadway, New York.
G. GOODALL, President,
Van Zandt, Vice-Pres. & Manager.
C. L.
the best
The Trade
order.
A BUILDING PROOF AGAINST FIRE.
ALBERT
In yard, for Bale at lowest
prices In lots to suit purchasers.
York.
AND
English Cannel,
Liverpool Orrell,
ENow landing and
BROADWAY,
142
Bank-notes, Bonds fob Governments and Cos
porations, Bills of Exchange, Certificates
of Stook, Postage and Revenue Stamps
Policies of Insurance, and aia
Kinds of Securities,
Co., or China,
St.,
STEEL AND CHARCOAL
IRON of superior quality
suitable for MINING AND
HOISTING PURPOSES, in-
CO..
clined Planes, Transmission
of Power, Ac. Also Gah
REPRESENTED BT
HI4 Wall
Wire Rope.
ENGRAVES AND PRINTS
IN
Hong Kong,
«ll'PH.\NT &
American
New
BROAD STREET,
2432.
Railroad Material, &c.
OFFICE,
Produce, Provisions and Naval Stores,
29
Financial.
BANK-NOTE
EXPORT COMMISSION MERCHANT
xxv.
voi,;
'
SUPERIOR GINGHAM
GOOD SILK
PATENTED GllANACO
EX. QUAL. LEVANTLNJS BILK ...
CO..
IS S
»1
2
2
5
On
SO
00
00
|.
F.S.WINSTON, PRESIDENT,
UE S EVERY
AP p R.° VED DESCRIPTION
"
OUTERMS AS FAVORABLE ASTHOSE OFANY OTHERCO.
,
",ASHBsn SMB$8Q.000.00(L
Dbormbkk
CHRONlCLi*
I'HK
15, 1877.J
Iii3iirnnco.
ytenms'ipg.
OFFICE OF THE
Cotton.
Robb &
Direct Line to France.
Tim General
ATLANTIC
Traiii^Atlaiitic
Hail StsamsfclpSi
OoaMsW**
Insurance
New
Calllnft at Plyrnoutli for the landing of Passengers.
Tho eplszdld vessels on this favorite route, for the
Conttnaut-osblns provided with electric bells— will
Ball from I'icr No. 50 North Hirer, foot of
Morton
vi.vu.fc.,
si
Co.
as follows:
CANADA.
N»w
York, January
The Trustee*,
In conformity to the Charter of the
Company, aobmlt the following Statement of 1U
affaire on the Slit Deoember, 1870:
$i.m,intt
off
January, 1878
8,173,880 Of
LOUIS
Total amount of Marine Premium*.. $7,101,447 78
Ro
ni:
Knoop, Hanemann &
63 EXCHANGE PLACB, R.RW YORK.
,
Sonne
fflanrhrster
BEBIAN,
P
the Company has the following Asset*, via.
Cnltcd States and State of New Tork
Stock, City, Bank and other etocke. $11,008,700
Loans secured by Stocks and otherwle «
1,778,300
Keel Estate and Bonds and Mortgage*
387,000
Interest and sundry Notes and Claim*
due the Company, estimated at
403,830
Premium Notes and Bill* Receivable.. 1,813,504
Cash In Bank
A'LAS....
December^)
tor HAY II. COLOMBIA, ISTHMUS Of HKaHij,
and SOUTH PACIFIC PoItTS ,Tla A*r.1nw.>) ).
A ,J''KS
December 28
I. IN A.
DcccmteriS
superior nrst-cUsp passenger aeeommoOHM. n.
PiM, FOHWOUD A CO.. Agents,
so. 58 Wall treet.
00
THE OLD KELUBLE
00
00
Stonington Line
FOR BOSTON,
19
31
STEAMBOAT EXPRESS TRAIN WILL COTTON FACTORS A COMMISSION MERCHANTS
LEAVE STONINGTON AT 4:30 A.M.
No. 134 Pearl Stre et, New Tork.
State-rooms and tickets secured at863 Broadway and
at all offices or Wcstcott Express Company In New
York City and Brooklyn. Alto tickets for sale at all
hotel ticket-offices.
PROVIDENCE
tkeli legal representatives,
on and after Tuesday,
toe 6th of February next, from which date all Inter
will
Dividend of Forty per Cent,
be
is
is de-
on the net earned premium* of the Company
for the year ending 81st December,
1876, for which
•ertlucaU* will be issued on and after Tuesday
the
clared
».
all
Points North.
Walter
Steamers leave.
P. M.
Da| ]y from Her 29 North River (foo
4:00
of W rren street.)
Freight tairen via either line at lowest rates.
D. s. BABCOCK, President.
L. W. FTLKIN3, General Passenger Agent.
:
'
--"»
-"
-.. —
Steel Pens.
'
i
'
IBISIEIS
-.
Geo. Copeland,
COTTON BROKER.
PEARL STREET, NEW TORK.
Shipping and Commission merchant
secretary.
'
Daniel 8. Miller,
efoslah O. Low,
Jloyai Phelps,
0. A. Hand,
Francis S kiddy,
Adolph Lemoyne,
Dances B. Marshall,
Alexander V. Blake,
Hobert B. Jtintum.
Oeorge W. Lane.
fcobert L. Stuart,
JamsQ.
Frederick Chauncej,
Oharlee D. Leverich,
s\dam T. Saekett,
Batmund W. Cor lies,
William Bryce,
John
JONES,
39
BROAD STREET, NEW YORK.
Orders executed at the Cotton Exchange, and ad
vauces made on consignments of Cotton and other
Produce, and upon sUpmenu to correspondent* la
Cotton.
Sawyer, Wallace
&
Liverpool.
Co.,
47 Broad Street,
Nets/
York.
R. M. Waters & Co.,
66 BROAD ST., NEW TORK.
BANKERS A COTTON COMMISSION MERCHANTS
Investment Securities bonght and sold, orders exe
oated .t the Cotton Kxchanges In New York and Liver
POOl. All Business transacted STRKTI.T on Ctxsii
sion. so that no In erest of our own can pos.ibly
conflict with that of our patrons.
DeFor.-st,
firay,
Elliott,
D. W. Lamkin
William H. Fogg
&
Co.,
Cotton Factors,
President,
VICKSBURG, MISS.
CHARLES DENNIS, Vice-PrertuenL
W. H. B. MOORB, ad VUe-Presldena.
A. A, *UYjW,MVU«-rre.k»~fc
McAlister
COTTON FACTORS A COMMISSION MERCHANT
Peter T. Slog.
t. D.
No.
by all dealers throughout tkt World.
Lewis Curtis,
James Low,
Qordon W. Bufchtm,
William Sturgl*,
William B. Dodge,
Thomas F. Young*,
Horace
COTTON FACTOR,
I
•"oho D. Hewlett,
Charles P. liurde tt,
William B. Webb,
AJTD
STEEL PENS.
Sold
Chirtei Dsfinl*.
SaV.d Lane,
.
BEAVER STREET, NEW TORK.
63
JOSEPH GILLOTT'S
H. B. Moore,
Oharlea B. Russell,
& Krohn
A. L. Richards,
CHAPMAN,
D. Jones,
Co.,
COTTON BROKERS,
the Board,
W.
&
COTTON BUYEBS FOR MANUTACTUBBRa'
FREIGHT ONLY' FOR
IHGnPHIK. T"»NN.
Providence. Worcester, Nashua and
13G
U.
C. Johnson
J.
LINE.
M of April next.
By order of
Hopkins, Dwight&Co.,
Hereafter the
after
eertlflcate* of the Issue cf 1873
be redeemed and paid to the holders thereof, or
and redemption
EAST.
7 Consecutive Years.
S3,
The outstanding
the payment of Interest
gold.
AHD
GENEHAL COMMISSION MERCHANTS
142 Pearl Street, New Tork.
Robt. L. Maitland & Co.,
STONINGTON and RHODE ISLAND.
from Pier
North River, f oo
4:30 P. M. Da»y
of Jav sireet.
the outstanding
eartiflcates of profits will be paid to the holders
•et thereon will cease.
The certificates to be produced at the time of payment, and canceled.
Upon
Certificates which were Issued for gold premiums,
in
COTTON FACTORS
THE ELEGANT STEAMERS
$15,094,667 81
Six per cent. Interest on
on and
NEW ORLEANS, LA.
BLOSS & INCHES,
COTTON FACTORS A COMMISSION MERCHANTS,
No. 43 Broad Street, New Tork.
AND ALL POINTS
Not a Trip Missed
thereof, or their legal repreeentative*.
•Tuesday, the 6th of February next.
COTTON BDYEP. AND COMMISSION MF.IXHANT
Flist-class.full-poweied, Iron screw steamers, from
Pier No. M, North Klver.
ror KINOsToN (Jam.) and HAVT1.
865.012 74
Total-amount of Assets
'
CO.
cV
L. F. Berje,
BI-MONTHLY 8KRVICK TO JAMAICA, HAYT1,
COLOMBIA and ASI'INWALL. and to 1'ANAMAand
SOUTH PACIFIC PORTS (via ABPlnwall.)
i
J.
is
and Liverpool,
JERSEF
T-
Atlas Mail Line.
Bxp«uses..$l,U8S,410 88
Co
COMMISSION ITIRHCIIANTB,
Pollciee
*»me period
»l,86o,lM 48
Ketcrna of Premiums and
A
v
\l
m
(Including wine):
York.
Advances made en Censlgnmeau. Specie
attentiea
paid to purchases or sales of •• Cotton
r mures. • bid,
Of Exchange on the CITY
BANK. LONDON as*
lUTTlNOL'RIt A CO, PARIS.
A sent, 55 Broadway.
hare been leaned npon Life
Bisks, nor npon Fire dlaconnected
with Marine Risks.
Premiums marked off from let January, 1878. to 31«t December, 1878.... 15,081,098 13
Losses paid during the
will
ii
GOLD
;
,
lat
Wed.. Dec
ioa
..VYed-Jan°9»30A
Wed., Jan
a
*.fl
...
IN
To Havre— First cabin, s
in,*, 5; tiilrd
cabin, $.16; steerage, *ai-lucludtng wine, bedding
and
utenaus.
To Plymouth, London or any railway station In
England— First cabin, »mi to sioo, according to accommodation ; second cabin. t>.S third cabin, *3j steer
age, *a7. Including everything as above.
Return tickets at very reduced rates, avatlabl
ctirough Kngland and France. Meamera marked thu
• do not carry steerage passengers.
For passage and freight apply to
fremlums recived on Marine Blake
from let January 1873. to Slat De-
fautt, 1878
Premiums on Pollciee not marked
Fraegeal
MKR1QUE, Pons is
PRICK OF PASBAOK
LABRAOOH.Sangller
Si, 1S7T.
WALL KTKKKT
No. 68
BXTWKBH
NECT VOIIK AND IIAVIIE.
Mutual
Peet,
BANKERS AND COMMISSION MBBCBANTt,
I
1
Orders to purchase Cotton In our msrket solicited
Refer to Messrs. NORTON, SLAUGHTER A CO.
New York.
&
Wheless,
coiton
commission merchant
nashville, tennessee.
Special attention given to Spinners' orders.
• poiidnnce solicited.
Natlos*!
Ruraasjccas.— Tiilrd and
and Proprt store of Tn« Cne* 1
Foam
&
Bro.,
Baker
J.
PEARL STREET, NEWT TORK
H.
215
Corre
Bank
IMPORTERS AND MANUFACTURERS O**
Prime Quality Chemical manor*
Chemicals for the Vllle fonnnlaa, for all Crops.
Chemicals for the Stockbrldge formola*.
Dissolved Boue— Sulphate Amnioaia. Mlrate Pots**)
Nitrate Soda, Sulphate of Potash, Muriate of Potash
Potash. Super-phos,>tiat*
pure ground Bone.
IV per cent actual
Also,
strlctljr
Our descriptive circulars mailed
Or special
free.
The
fertilizers for particular crop*.
1
Its
THE CHRONICLE.
&
J. 8.
Stillman,
GEINHAN.
B. G.
LUVAL.
97 PEARL STREE
AND
&
76 Wall Street,
NEW TORK.
GENERAL COMMISSION MERCHANTS,
IIS PEARL STREET,
ttENER \L COMMISSION MERCHANTS
GRINNAN & DUVAL,
York,
New _
Cotton Factors
COMMISBIO.V MERCHANTS,
AND
ACCEPTABLE
MADE
ON
LOANS
GALVESTOy, TEXAS.
{
J
made on Consignments.
the purchase or Sale of contracts for future delivery
of cotton.
&
jemison
MOODY 4
(Successors to
Transact a gonera! banking business. Particular
atte tlon given to accounts of Banks and Bunkers.
Advances made on consignments of Cotton, Wool,
Hides and Grain.
Future contracts bought and eold en commission
in New York and Liverpool.
W.
Co.,
21 Brown's ISulldlucs,
L1V1SUPOOL,
Future ConAdvances made on Consignments
bought and sold wn CominUbion, in
consignments of
COTTON
COTTON
COMMISSION MERCHANTS,
1*5 PEARL STREET,
HEW
New
Stone street,
SJN,
64
Baronne
New
luf*rmatlOL
all
WATTS &
Co.,
51
GIVKN A
Orleans.
Co.,
44 Broad Street, Boston.
GENERAL
Liberal advances made on consignments. Prompt
personal attention paid to the execution of orders for
the purchase or sale of contracts for future delivery.
eonmissiosi idbhchants,
D.
&
Bennet
L.
174
176 Pearl St
&:
Spe
attention given to the execution of orders
:ial
o>-
ea'.e
5c
J.
COMMISSION
Sc
<:©.,
sjld on commission in
Now Yorkaud
and
Liverpool.
&
Co.,
Farley,
Cotton Factors
AND
GENERAL CGUIMISSIOX MERCHANTS
COTTON EXCHANGE BUILDING,
New York.
sold on commission. Accounts of
Mercantile Firms, flanks, Bankers, and Corporations,
received; and Advances made to our customers when
desired, on approved securities, including commercial
time paper received for collection, to such extenr.and
in Bueb
manner, as may be
in
Special attention paid to
delivery of cotton.
Is
contracts for futurt
made on
Liberal advances
IBVIMK X. CITA6B.
coc-
U. T.
which prompt
BOX 613,
Orleans, La.
0.
P.
P. 0.
BOX 4964,
New York.
&
Dennis Perkins
Execute orders for Future Contracts in New York
and Liverpool, and make advances on Cotton and
LEECH, HARRISON & FORWOOD,
117 Pearl
LIVERPOOL.
Tames
in.
Street,
New
York.
8c
Co
COTTON BROKERS,
No. 146 Pearl Street, near AVall, N.
for the
Established (In Tontine Building)
&
Foreign Marine Insurance
Company
H. Tileston
&
Orfiprm in Futures executed at N. Y. Cotton
97 Pearl
J. L.
MAOAVLAT.
Street,
New
Bbakciibb:
104 Broadway, Near Wall St.
77 Fulton St., Near Gold.
r
23
A. J.
MACACLAY.
william street, new yoek.
Future Contracts for Cotton bought and sold on
In New York and Liverpool.
Commission
Capital...
Re-iueurancefund.
Unpaid losses
&
.
IN 1819.
1877
$3,000,000 00
1,741,278 42
1,
.
$7,115,821
«
5,170,888
H
other
429,114
62-
NEr SURPLUS, Jan. 1877. $1,945,236 18
BRANCH OFFICE:
No. 173 Broadway, New York.
1,
ALEXANDER,
Liverpool
London
Agent.
&
& Globe
Insurance Company,
York.
Macaulay & Co.,
commission merchants,
Exchange
ISAAC SMITH'S UMBRELLAS.
Towk Town
1341.
COMMISSION AND COTTON MERCHANTS,
Co.,
COTTON BUYERS & COMMISSION MERCHANTS
60 Stone Street, New York.
Total Asset?, January
Y
Edward H. Skinker & Co.
of Liverpool.
INCORPORATED
JAS. A.
F.Wenman
England, Clilna, ludiu and Singapore.
UNDERWRITERS IX NEW ORLEANS
British
.(ETNA
claims
Co.,
COTTON BROKERS,
other produce consigned to
Also, execute orders for Merchandise
CHAS. J. MARTIN, President.
J. H. WASHHURN, Secretary.
OF HABTrOKD.
AND
Co.,
Pirn, Forwood
GENERAL C0MMS9I0N MERCHANTS,
COMMISSION
MERCHANTS,
«ENERAL
NASHVILLE, TENNESSEE.
New
9.92S 36
Insurance Company
COTTON BUYERS
&
35
24
79
20
427,831
67,333
92,052
6,533
$6,143,271 77
Total
ARNOLD.
Chase & Co.,
always given.
»
*417,SS4
1,932,853 68
2,734,000 (10
2ss,fi97 50
186,456 00
Real estate
sigsmentK.
accordance with the
CORHESPONDENCE SOLICITED, to
Cash In Banks
Bonds and Mortgages, being first lien on
real estate <wo-th fi,641,500)
United States stocks (market value)
Bank Stocks (market value)
State and City Bonds (market value)
Loans on Stocks, payable on demand
(market value of Securities, $570, 17 25)
Interest due on 1st of July, 1177.
Balance in hands of Agents
issued at this office
he execution of orders
for the purchase or sale of
nature 0/ their accounts.
ttentlon
$0,143,274 77
ASSETS.
Premiums due and uncollected on Policies
NEW YORK.
Special personal attention to the purchase and sale
of r' CONTRACTS FOR FUTURE DELIVERY " OF
KINDS, bought and
TOTAL ASSETS
.
Advances made on Consignments.
COTTON.
GOLD COIN. STERLING AND OTHER FOREIGN
(EXCHANGE, UOVEBNMENT AND CORPORATION BONDS, STOCKS AND SECURITIES OF ALL
Statement,
267,780 92
1,041,490 75
NetSurplus
SUMMARY OF
MERCHANTS,
3,909.
BROADWAY.
135
Reserve tor Unpaid Losses and
Dividends
132 Pearl Street,
O Box
OFFICE, No.
Forty-Eighth Semi-Annnal
FINANCIAL AGENTS,
P.
Company
Condition of the Company on the first
day of July, 1877.
CASH CAPITAL
$3,000,000 00
Reserve for Re-Infiirance
1,S34,003 10
COTTON FACTORS,
•
HOME
FEMiAY, HCIIl
of Contracts for Future
H.
GANGS OF RIGGING M: 1>K TO ORDER.
1M FRONT STREET, NEW YORK.
SHOWING TUB
Ware, Murphy
PL W.
CO.,
CALCUTTA AND BOMBAY.
FUTUKE CONTRACTS Fc>RCOTT'"N bought
Delivery.
CORDAGE,
Also execute order, for Murchdniiee through
Messrs.
New York.
Sons,
MANUFACTURERS OF
n ANILA, SISAL, JITE * TARRED
Insurance
LIVERPOOL, LONDON A!5U GLASGOW.
COMMISSION MERCHANTS,
Henry Lawrence &
OF NEW YORK.
JAMES PINI.AY &
Nemra.
for the LurcbaBe
New York.
Advances made on Consi?nr/,a !it3to
Co.,
GENERAL
121 Pearl Street,
,
York.
FOR EXPORT AND DOMESTIC USE
&
Henry Hentz
YORK,
ANJ>
New
105 Water Street,
York, and Messrs. D, A.
Street,
angh ai Banking Corporation
W. POMEROY, JR.,
S.
purchase or sale of future shipments or deliveries
afforded by our friends, Messrs. D.
Co,,
Sli
Clilna.
and orders for tba
Advances made on conBijrnmenta, and
Smrh &
R.
B.
Canton, Amoy, Foocliow,
Shanghai and Hankow,
HEAD OFFICE, HO.VG KOSO.
BEPHi:S£\\TED BY
tracts for Cotton
Liverpool.
Co.,
:AND SHIP AGENTS,
Hong Kong,
Co.,
AND
New Yoru and
&
Russell
JEMISON),
fioHclt
TORK.
COMMISSION MERCHANTS
HongKong &
&
C. Watts
BANKERS, COTTON FACTORS
GENERAL COMMISSION MERCHANTS,
No. 123 Pearl Street, New York.
NEW
Miscellaneous.
j
J
Special attention paid to the execution of orders for
P,
Future orders promptly executed.
i
j
SECURITY.
E. S.
Tainter,
-
]
f
Liberal advances
&
Waldron
(Successors
Grinnan, Duval & Co.,
NOUUSE & BROOKS),
GENERAL COTTON MERCHANTS
B A N K 1C K S
to
SEAMEN'S BASTS LUILDING.
Now. 71
Cotton.
Cotton.
Cotton.
Woodward
Vol XXV.
45 William
St
Assets
In the U.
S.,
$3,ooo,coc
@FedFRASER