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HUNTS
MERCHANTS'
v"
$
'
MAGAZINB,
;
?|*w*j*ape*,
REPRESENTING THE INDUSTRIAL AND COMMERCIAL INTERESTS
OF
THE UNITED
STATES.
[Entered, according to act of Congress, in the year 1880, by Wm. B. Dana & Co., in the office of the librarian of Congress, Washington, D. C.l
YOL. 31.
SATURDAY, DEOEMBER 18, 1880.
CONTE NTS.
been
THE
The Financial Situation
Mr. Gould as a Railroad King.
The Exhibition and Its Site
Tariff Revision
639 | Commercial and Miscellaneous
640 I
News
644
Anarchy in Ireland
641
...
THE
638 |
Monetary
Banks,ete....i
Commercial
GAZETTE.
I Quotations of 8locks and Bonds 648
I New York Local Securities.. 649
.
I Investments, and State, City
645 j
and Corporation Finances. ..650
TIMES.
654 | Breadstufts
654 j Dry Goods
660
660
$Ixc ©hnmicle.
The Commercial
and Financial Chronicle is issued
every Satur¬
day morning, with the latest news up to midnight of Friday.
[Entered at the Post Office at New York, N. Y., as second-class
mail
matter.]
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)
5
WILLIAM B. DANA & CO., Publishers,
79 & 81 William Street, NEW YORK.
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A neat file
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office.
THE FINANCIAL SITUATION
Wall Street markets have been undisturbed
by
a
as
the
same
bank
quarter yesterday.
was
debtor
„
over
four
_
Evidence of the
611
|
COMMERCIAL
Commercial Epitome
Cotton
and
English News
BANKERS’
Money Market, U. S. Secnrities,Railway Stocks, Foreign
Exchange, New York City
THE
CHRONICLE.
637 I
abandoned,
millions and
NO. 808.
any
change which was taking place in the
money currents we gave a wtek ago. The bank returns
of last Saturday to a degree reflected this
improvement—
they showed among other things that the demand for
the interior had become less active ; and there are
good
reasons for
expecting a more favorable showing in to¬
day’s statement. It is not unlikely that loans will be
further contracted, but the reserves (unless there is
some unnatural
disturbance) will also be positively aug¬
mented. Payment was made on Wednesday
by the
Assay Office for about $2,000,000 foreign bullion depos¬
ited Saturday, and the ascertained value of the
deposit
of about $2,000,000 made on
Monday was disbursed on
Thursday. On Tuesday the reported deposit was
$1,700,000, and on Wednesday $150,000 ; but these
may not be settled for in time to count in this week’s
bank averages. The facilities at the
Assay Office for
examination of foreign bullion are en¬
tirely inadequate, and the deposits of suoh large
amounts of gold as those which were sent in on Satur¬
day and Monday, test these facilities to the utmost.
Notwithstanding urgent requests by bankers, the Treas¬
ury Department is not inclined to permit the Assistant
Treasurer to make advances upon gold deposits, which
was once the custom.
As we understand it, it is be¬
lieved by the Department that the law does not
permit
the practice.
Consequently, consignees of gold bullion
must await the completion of
the process of examina¬
tion by the assayers before their
consignment can be
made available by the banks.
Since Friday the purchases of 6
per cent bonds by
the Assistant Treasurer have amounted to
$919,000, and
since the 1st Last. the purchases have been
$2,867,000.
Early in the week it was reported that currency was
being returned from Chicago, the rate of New Yrork
exchange at that point having been advanced to par on
Monday, and one of the Chicago papers having said that
the necessary
special influence during the past week. Rumors of a
new manipulation of
money have been rife and they remittances would be made. But none of
any amount
seem to be traceable to the
fact, for the moment some¬ can be expected until the rate rises to a point which will
what significant, that one of the associated banks had
justify the movement. It is well understood, however,
been a creditor to a considerable amount for a number that
Chicago has drawn very little from this city during
of succeeding days at the
Clearing House, netting a credit the week. Shipments have been made of small amounts
for the five days ending the 16th instant of about six mil¬
to St. Louis, and of larger sums to Southern
points.
lion dollars. It was,
however, a little remarkable and There were no withdrawals of gold from the repository
hardly credible that after the recent failure to thus break of the associated banks during the week; on the con¬
the market, a new effort in
making money stringent trary, the sum of $900,000 was deposited yesterday by
should be attempted now when the conditions are all one of the
larger banks. The movements at the Subturning against the success of such a scheme. And if Treasury since Friday have resulted in a
loss, which ia
anything of the kind was contemplated it has certainly also a gain to the banks, of
$830,967,
The arrivals of
Saturday have
estimate of last
gold from Europe since
This shows that our
week of $7,000,000 afloat was an understatement. At
present, including a withdrawal from the Bank of Eng¬
land of £131,000 on the 14th, £152,000 on the 15th and
£67,000 on the 17th, there is estimated to be over
The first instalment should
$5,000,000 still in transit.
arrive within a few days. The advance in the Bank of
England rate of discount, noticed last week, appears to
have checked the efflux of bullion to some extent, as
the reported withdrawal for shipment amounted to only
£19?,000, of which £131,000 came out on Tuesday.
Since then the cable has reported small amounts
gone into the Bank on balance. The weekly return
shows a net loss of £76,000 bullion, with a gain of 3-16
in the proportion of reserve to liabilities, thus, for the
present at least, preventing a further advance in the rate
■of discount, which on Wednesday appeared probable,
been
XXXI*
THE CHRONICLE.
638
$6,339,970.
for money
in the open market in
London was firm
Rt the B.tnk rate.
The market for
foreign exchange, though showing
strength at the close, is still weak. Some transac¬
tions have been privately made at very low rates, and
bankers have been indisposed to purchase even for the
more
supply has been
purpose of speculation in bills. The
The comparatively unsettled condition
abundant.
the London market and the uncertainty regarding
immediate future of money at
of
the
The increase
on
last year’s large
figures seems still to be
18 per cent, as shown below.
favorable returns that account for
over
It is these continued
the strong tone mani¬
by the market, and explain the
to move steadily upward.
fested
WEEK OF DECEMBER.
GROSS EARNINGS FIRST
'
1880.
$
Rapids & Northern
Chicago & Alton
Chicago & Grand Trunk*
Chicago & Eastern Illinois
Chicago Milwaukee & St. Paul..
Chicago St.Paul Miun.A Omaha
Cin. Ind. St. Louis & Chic
Cincinnati & Springfield
Clev. Col. Cin. & Indianapolis..
42,471
140,465
40,746
Burl. Cedar
-
International &Gt. Northern..
:
Lake Frio, Sr. Western
l^onisville Sr. Nashville
Memphis & Charleston
Missouri Kansas Sr. Texas
New York & New England....
Northern Pacific (East’n Div.)..
Peoria Decatur & Evansville..
St.Louis Alton &T.II. (main line)
Do
do
(branches).
St. Louis Tron Mt. & Southern..
Si TiOnis Sr. San Francisco
St. Paul A. Sioux City _
St. Paul Minn. Sr Manitoba
Scioto Valley
Wabash St. Louis & Pacific
Total
Net increase (18-00 per
*
that centre, has aided in
23,067
43,723
21,957
17,966
71,694
32,098
10,667
101,082
3,341
..Tt
10,785
41,945
2,406
524
6,799
24,818
95,156
56,740
10,059
95,316
55,191
3,202
23,379
218,600
14,980
151,200
34,602
90,771
8,399
551
2,243
67,400
6,825
5,834
48,159*
1,856
35,527
4,294
24,073
3,242
23,254
13,714
181,337
53,035
•
1,167
3,991
4.383
20,710
27,943
190,381
64
2,866
-
13,837
1,122
11,031
10,462
20,149
53,942
6,119
2271335
12,084
2,551,690 2,160,717
413,700
390,973
cent)..
Week ended Dec. 4.
26,776
105,214
57,291
93,513
52,948
41,427
84,937
50,015
59,600
7,530
23,318
16,580
167,500
54,157
31,180
64,401
5,306
239,469
$
$
1,850
1,807
144,658
13,970
42,556
82,479
74,043
6,789
21,234
34,742
Increase. Decrease.
$
40,621
246,918
35,388
215.199
Grand Trunk of Canada*
Gre.nt, Western of Canada*
Hannibal Sr, St. Joseph
Houston Sr. Te.xas Central
1879.
33,734
348,000
38,729
Denver & Rio Grande
Des Moines Sr. Fort. Dodge
Dubuque A Sioux City
Flint tfe Pere Marquette
tendency of prices
813
22,727
t Week ended Dec. 3.
weakening exchange here. The demand at present is
MR. GOULD AS A RAILROAD KING.
chiefly for remittances against 5s and 6s, which are
To Mr. Gould’s other acquisitions must now be added
steadily being imported. The outward movement of the St. Louis Iron Mountain & Southern and the Inter¬
railroad securities continues, however, large, and all the national & Great Northern, both purchased this week.
stocks classed as the Vanderbilt specialties appear to In the Iron
Mountain, Mr. Gould is credited with having
find ready sale abroad. Central and Union Pacific, the
bought less than a majority interest, but his interest is
San Francisco stocks, Atlantic & Great Western, Illinois
sufficiently large, no doubt, to enable him to control the
Central, New Jersey Central bonds, Missouri Kansas & management of the property. In the International &
Texas, New York Ontario & Western, Erie and Reading Great Northern he has purchased half the stock, and of
go out by every steamer. The relative prices in London course has absolute control.
and New York of a few of the leading securities are
Together these two lines will give him about 1,2 45
shown by the following table.
additional miles of road. In the early part of the cur¬
Dec. 17.
Dec. 16.
Dec. 15.
Dec. 14.
rent year we made up a statement showing all the roads
Dec. 13..
N.Y.
N.Y. Lond'n
under his control, either directly or indirectly.
Since
Lond'n N.Y. Lond'n N.Y. Lond'n N.Y. Lond'n
prices. prices.* prices.
price#.* prices. prices.* prices. prices.* prices. prices*
then the total has been swollen by new mileage built or
11296 113X1 11218§
11334
U.8.4s,c. 112-90 113*4 112-78 113 % 112 78 11334
100-84
10136 acquired, and if now we include the Iron Mountain and
100-97 lOlti 100-73 101
U.S.5s,c. 100 97 iojm 10097
47-48
4723
4736
47^
46-27
46
46-63
46)4
47
y.
46-87
Erie
International, we shall find that above 10,000 miles of
98-79
9796
9833
9756
98-08
98
98 08
98
9~14
9332
2d
122
122-07
12122 12034+ 120-P8 121*4 121-46 121H
railroad, or more than one-ninth of the entire mileage of
III. Cent. 120-98 121 +
con.
N. Y. C..
Reading
144-54
25-42*
50*4
144*84
14484
2542*
14456
51
144-35
144J6
5054
2554*
14454
14411
Exch’ge,
4*52
cables.
*
4-82
4-82
4-82
5 Ex coupon.
+ Bid.
Expressed in their New York equivalent.
basis of $50, par value.
* Heading on
145-23
2617*
2602*
14435
513*
4-8236
under his influence. The Atchison
Topeka & Santa Fe is the only formidable competitor
to the Gould system west of the Mississippi and Missouri
the
county, are
Rivers.
Mr. Gould’s object in obtaining possession of these
Money on call at the Stock Exchange loaned as high
routes is to secure himself against competition for the
as £ of one per cent commission and interest early in the
week, but since Tuesday the supply has been more business of the Southwest and Mexico—prospective
abundant, and on Thursday the highest rate was 6 per competition, probably, rather than such as already
cent.
After brokers’ balances were made up the rate existed, which could not have been very severe. The
Stocks have responded to the relief in the Iron Mountain affords a line from St. Louis to Texar¬
fell to 3.
money market, especially the better properties,
the kana, and this line is extended to San Antonio by the
demand being good for all investment'securities; the Texas & Pacific and the International & Great North¬
action of the House of Representatives on the Funding ern. The latter may not yet have reached San Antonio,
billon Tuesday, served to stimulate the movement; the but it can not be far away, as according to latest
accounts the road was in operation to New Braunfels.
success of the subscriptions to the Panama Canal gave
A branch to be constructed from Mineola to Greenville
an impetus
to Pacific Mail; the purchase by Mr. Gould
of a control in the St. Louis Iron Mountain & Southern will also bring the Missouri Kansas & Texas in con¬
road started that stock upward ; and reports of increased nection with the International, so that Mr. Gould will
earnings stimulatedi buying generally ; the fall in have a Texas outlet for both his Southwestern lines.
Western Union appeared only to momentarily retard the From San Antonio the Kansas & Texas and the Inter¬
.
advance in other directions.
day
a
We
are
able to give to¬ national will jointly
table of^ earnings for the first week of December. ^Larelois the
build
a
line to the Rio Grande—
point" most frequently mentioned—theie
*
December
THE
18,1880. j
CHRONICLE.
639
It has been
reported of late that Mr. Gould had a dis¬
eral Palmer, who has concessions for a line from agreement with his colleagues in the Union Pacific,,
Laredo to the City of Mexico, and from the City of and was selling out his stock.
He may be selling
Union
Mexico to Manzanilla, on the Pacific coast.
Pacific; we have no means of knowing how
that
The Mexican trade is the great prize which is now
is; it is certainly quite generally believed that being^
short of Western Union he has taken some of Mr. Van¬
being contended for, and well it may be. The future of
Mexico under a comprehensive system of railroads can derbilt’s stock in that company, and in turn supplied1
scarcely be over-tstimated.
That country presents Mr. Vanderbilt with Union Pacific. But even though
grand opportunities for improvement and progress, and he be disposing of some, there is no evidence that he
railroads are the one thing needful to give a stimulus to intends disposing of all, or of enough to a’low the man¬
its development. It is hardly too much to say that in agement to fall into other hands.
We have a dim recol¬
lection
of
a
similar
rumor
not
so
very long ago.
this respect results may be expected scarcely less mar¬
It was
vellous than those that followed the opening up of some of early in 1879.
Everybody said Gould had gone out of
the
he not disposed of $10,000,000 of Union
road.
Had
our
Western States and Territories in recent years.
The United States is the natural outlet for Mexican Pacific stock ? But just then he was concocting a little
commerce.
Here Mexico will find a ready market for scheme to let himself in again. He bought up Kansas
all the varied products of her soil, and here in return Pacific for a mere bagatelle, sent the stock up from 7 and
she will be able to get all those manufactures which she 8 to 70 and 80, and then—well, merged it in Union
needs, now in great part supplied by other countries. Pacific. That sale of Union Pacific was, indeed, a
An interchange of commodities could thus be effected “Napoleonic move and a master stroke,” as it was
which would be mutually advantageous aud profitable to described at the time by a friend of Mr. Gould. It may
both republics. And in this way, too, she might be able be that he has changed his tactics now, but we may be
to share in the prosperity and activity which this sure of one thing, and that is, if he is selling at all, he is
country is now experiencing. Furthermore, such an doing it with the purpose of enlargirg his operations in
incentive would be given to industrial and commercial other directions—his latest purchases would indicate one
enterprises, and so completely would the people become of the directions in which the- money was going. As
occupied with business pursuits, that disorder and regards the alleged disagreement with his associates, it
revolution would no longer find countenance, and our is only necessary to refer to the election of directors of
Southern neighbor might become as safe and peacable the Mercantile Trust Company, which occurred this
as our
neighbor on the north, which would in itself be a week. O.i the newly-chosen board the Gould men
appear in full force. Most assuredly, this does not look
guaranty of a better future.
Another object which the promoters of Mexican rail¬ as if there had been a falling out, and we are free to say
Some of the that to us the signs of discord, from all present appear¬
ways have in view is the Australian trade.
Gould people assert that with the Palm-r road com- ances, seem exceedingly shadowy.
to connect
with the Mexican roads
projected by Gen¬
pleud to the Pacific the trade could be secured for that
line, the International & Great Northern, and the other
Gould lines north.
This claim, however, is ridiculed by
those interested in the Atchison Topeka & Santa Fe
THE EXHIBITION AND ITS SITE.
days ago, by invitation of the commissioners
charge the preliminary details of the Inter¬
national Exhibition of 1883, a number of gentlemen
system, who say that the trade would come to their
Hues; first, because Guaymas, the Pacific terminus of the connected with railroad and steamboat transportation
Sonora, is one of the finest seaports on the coast, secondly lines visited the Inwood site, with the particular
of judging its facilities for access.
The
because it is only there that anthracite coal could be had, intent
and thirdly because the distance over that route would water front was considered admirable and ample*
be very much shorter.
From Guaymas the Sonora and the opinion was expressed that the great majority
would carry the traffc to El Paso and from thence it of visitors would go by water ; the site, also, was pro¬
could be taken by either the Texas & Pacific (Gould nounced satisfactory.
This being so, it is to be hoped that no further
read) or by the Atchison Topeka & Santa Fe. In addi¬
tion to the Sonora, it may not be amiss to say again, in
attempts will be made to reverse the decision in favor of
The first
view of the great interest just now taken in Mexican Inwood by those whose choice it was not.
projects, although we have several times before noted step toward having the exhibition is, to settle upon the
Before the com¬
the fact, the Atchison party have concessions for a line site ; the next is to get the money.
from El Paso to the City of Mexico, with branches to missioners, according to the act of incorporation, can do
Tampico on the Gulf and San Bias on the Ocean, and any except the mere preliminary corporate acts, at least
also for a line from some point on the main line to a million must be subscribed, and at least ten per cent
who have in
There has been, perhaps, some
So the struggle for supremacy once more resolves dissatisfaction felt with the slowness of proceeding
itself into a contest between the Atchison people and the hitherto, but there should now be no room for complaint
Gould people. And in the Boston party Gould has no at any lack of energy. It is therefore important that
mean
antagonist, as we have had occasion to re¬ the selection of site be accepted at once as final. The
of that must be
Morelia.
.
A few
mark
more
than
once
before.
They
are
enterprising,
alert, energetic, aggressive, and are backed by abundant
capital. It may very likely be that compromise will
finally be resorted to, and the “ honors” divided. Mr.
Gould’s action in the case of the committee on Mexican
paid in.
exhibition has been ridiculed
a
little by the press as a
one, and perhaps there was too much dispo¬
insist
sition to
upon having Central Park ; but the
In wood site is unexceptionable, and any further halting
and vacillation would only make the whole thing seem
wandering
railroads, of which Gen. Grant is ohairman, certainly ridiculous.
Concerning the desirability of holding the exhibition
leads one to suppose that he at least is not unwilling to
have recourse to this mode of procedure. But this is at all, there can be no difference of opinion now, how¬
mere conjecture.
Time will throw further light on the ever unimportant it may have seemed to some to thus
honor the 1883 anniversary. The sentimental considermatter.
rHE CHRONICLE.
840
ation need not be
expected to weigh much
;
the multi¬ thankfully recognize how different they
the exhibition as to a show provided for
them, but to those who must provide the cost the deter¬
mining considerations must be those of business. Did
the Centennial pay ? No, and yes. Its direct results as
a financial investment were not such
as to greatly en¬
courage similar enterprises ; its indirect results were un¬
questionably profitable, although they cannot be exactly
tude go to
The Centennial
demonstrated.
was
a
revelation, all
through, and to all classes ; it undoubtedly laid the
foundations for a growing trade in many lines and
maikets, and did its share toward bringing in the present
era of good
feeling and activity. Business interests
must and safely can regard such affairs as. advertise¬
ments—in the best and most instructive, not the offen¬
sive, sense—and 1883 will probably find this country in
even
a
better position than now to compete in the
world’s markets.
way,
The exhibition is
now
start ed under
and it must not be permitted to falter.
TARIFF
REVISION.
good revision of our customs tariff is continually
hindered, and correction of its faults (intolerable as some
of them are) is delayed, by useless and impractical discus¬
A
r
•
*
|
tVoL. XXXL
from the
England when a great surplus of labor, much
of it well skilled, was seeking unattainable employment at
wages inadequate to supply laborers with a decent living,
under the high prices of food forced by protection of the
landed interests; when manufacturers, ship owners and
other great leaders of business suffered (differently in kind,
but equally in degree) with their work people; and when
the general condition of distress moved Cobden and his
associates to their great reform, and gave them the
“'victory for humanity” which, while bringing a better sort
of life to laboring people, quadrupled the gains of the rich.
Our manufacturer knows that the cost of the goods he
is producing is materially increased by the duty on foreign
machinery, on his foreign materials and on the foreign
productions consumed by his laborers; and not less so
increased even if they are of home production, because
the duties enhance their cost or price also ; and he knows
that if he could buy all these at prices no higher than
are paid by his competitor in England he could compete
at much lower prices of his productions with the manu¬
are
conditions in
facturers of other countries in the markets of the world
He knows, too, that if his machinery and
cheapened by the 25 to 40 per cent paid
sions of abstract theories of so-called “free trade” and in duty he could cheapen his own productions enough for
“protection,” and by every attempt to make the tariff an their export without reducing wages—with probability
indeed that his success when so favored would build up
issue between the great political parties.
It is a subject for the economist and statesman to treat so many similar factories that the increased demand for
practically, guided by the intelligence of manufacturers, labor would raise * the wage3 of good work people even
merchants and other business men who are skilled in all while the goods produced by their labor were cheapening.
The home producer of the factory machinery says in
business touched by the operations of the tariff.
The only absolute free trade known to civilized people turn that he could produce it cheap enough but for the
is the trade between the different parts of the same high price of iron, steel and other supplies for his machine
country, as between our several States, and the only true shop, and for the higher prices which the tariff puts on
protection is that adjustment of import duties which oper¬ the subsistence of his workmen and their families. And
ates as nearly as possible with due regard to the general so on in succession, each of these great producers finds that
welfare of all the people, equally and justly, so as to take the tariff enhances his cost, sometimes to the great diminu¬
tion of his profit, because by that high cost he is excluded
care of every home interest, and is protective only as
against the industrial and commercial competition of from the foreign market. Yet each of them adheres to the
theory and practice of “ protective tariff,” because they all
foreign countries.
believe
the system is yet necessary to manufacturing pros¬
As between nations, there is no absolute free trade.
The principle by which external duties, or duties on perity in our country.
*
At the same time the more enlightened manufacturers
foreign imports, are levied, is the same in all. Primarfly, the object is revenue, and each nation adjusts the are now demanding, as they are right in demanding, a
details of assessment and collection in the way supposed to re-adjustment of the tariff in such wise that the lowest
duties shall be levied on articles of highest utility in the
best promote its own interests.
It cannot be denied that England, for centuries the promotion of our industries, and that the free list shall
leading commercial and manufacturing nation of the be enlarged as to raw materials not produced here and
world, levied discriminating and excessive, often prohib¬ articles on which the duties are hardly worth the cost of
itory, duties on the productions of other nations, and their collection. Judging from their standpoint they are
enforced harshly proscriptive navigation laws, all for the also right in refusing assent to any piece-meal work in
reform of the tariff, though offered in a specialty favor¬
purpose of protecting the industiies and profits of her own
people, until she had gained a position where that system able to their own direct interests; for they see that each
had become a decided hindrance to her prosperity. Living step so taken is at hap-hazard without regard to any gen¬
eral and equal arrangement, and each that is conceded
men remember the operation of England’s tariff in its
severity; her corn laws, maintained for the benefit of her weakens the strength to resist further aggression, until the
landholders, and her navigation laws.
During their rule whole fabric of the protective system would be destroyed.
—whether fostered by them or in spite of them, we shall
They want a plan of complete and thorough revision,
not stop to discuss—England grew to be the foremost made by a competent commission of practical men—
among the nations in the manufacturing arts and trade chiefly manufacturers and merchants, but including farmers
and wealth.
Yet in the two score years since her great and scientists—every one of whom has a breadth of
change of policy to freer trade and a strictly revenue knowledge that will enable him to see quickly the effects,
tariff, free corn and free ships, her growth in all those near and remote, to follow upon a change proposed in
respects has been so much greater and more rapid as to respect of each article of the customs list. A plan of
revision reported by such a commission would be good in
be marvellous.
It does not follow that our country can now successfully the main, as little defective, as similar human work ever is.
These suggestions reflect the opinions of our bestimitate England in that radical change.
However desir¬
Would it not,. therefore, be
able a simple revenue tariff may be, it is quite generally informed manufacturers.
believed to be unsuited to our present conditions. Let us well for Congress to respond to them by hastening the
open to both.
materials were
December 18,
THE CHRONICLE.
1880.]
of the Eaton resolution or bill which
believe, the action of the House ?
passage
we
now
awaits,
The condition of affairs in Ireland does not improve as
time advances. There seems to be a growing disposi¬
the government at
defiance. Until within
days it appeared possible that violent as
were the speeches of the orators of the Land
League, and
outrageous as was the conduct of some of the Irish
peasantry, the much-dreaded collision between the gov¬
ernment and the people would be avoided.
It was known
that the government was preparing a new and liberal
measure
of land reform, that they had deemed it
unnecessary to convene Parliament until the beginning
of the new year, and that after some discussion it had
been agreed not to suspend the habeas corpus privilege
set
the last few
in
Ireland.
It
was
believed that Mr.
Parnell
and
his
friends, influenced by the patient and conciliatory con¬
duct of the government, would act with increased cau¬
tion and exert themselves to the utmost to
discourage
all acts of violence and to maintain the peace.
Such
was the view which we took of the
situation, and such
the
hope which we ventured to express, some two
weeks ago.
Mr. Parnell, we are sorry to say, ba3 not come up o
our
expectation in this matter. It was never our opinion
that he would be satisfied with any measure of Land
Reform which the government might be able to
was
pass.
Still we were willing to believe that
was leader
enough and master enough of
speaks truth, the Cabinet itself is no longer
unit on this Irish question.
Mr. Gladstone, indeed,
can hardly complain, if the more conservative of his as¬
sociates in the ministry should have become
impatient
of his policy of
inactivity and peace at any price.
Nay more, both he and his associates have the very best
of reasons for being disgusted with Ireland.
It was to
Ireland and to the redress of so-called Irish
wrongs that
Mr. Gladstone directed the energies of his
long-con¬
tinued and powerful government which came to an end
some seven
years ago.
It was his over-zeal in the cause
of Ireland which broke his power and hastened his fall.
His present tenure of office has, so far, been
wholly
monopolized by Ireland ; and through Ireland he has
already sustained one damaging defeat. In Ireland’s
cause he still works ; and behold his
reward ! Mr. Par¬
nell calls it a “pitiful government;” and of the chief of
that government he can use no more respectful
language
rumor
a
ANARCHY IN IRELAND.
tion to
641
than this:—“Even Gladstone!
I don’t believe Gladstone
settle the Irish
question without breaking up his
even
pass his miserable little
Compensation bill last session.” It would be strange
indeed if, in such circumstances, there should be
peace
and contentment in the Gladstone Cabinet; and we can
well imagine that some of
Mr. Gladstone’s most
faithful followers are asking themselves the question
whether it is worth while attempting to conciliate a
people who openly declare that they will not be con¬
ciliated, except upon terms which are impossible.
Although many think Mr. Gladstone is to blame for
his policy of inactivity, he
probably judges the situation
more
wisely than those who are impatient for action and
for coercive measures.
Mr. Fawcett, the PostmasterGeneral, in headdress to his constituents at Hackney,
on
Wednesday last, probably expressed the purpose of
the majority of the Cabinet, when he said that the
government “ would not be terrorized into making
“
unwise concessions nor provoked into a departure
from the strict path of justice.” There is but little
can
Cabinet.
He could not
Mr. Parnell
himself to
conceal his ulterior purposes until he had obtained, at
least, as much as was promised. Mr. Parnell, however,
has proved himself a bad political leader as well as an
unscrupulous and irreconcilable malcontent. His recent
speech at the Waterford banquet revealed his real
purpose.
In that speech he declared that Ireland
was not to be governed
by a power and a people
not resident in the country.
He talked of breaking
the yoke of English misgovernment,” and chasmg likelihood
now that Parliament will be convened before
“
from the country that usurpation which has long had the 6th of
January. Then must come the tug-of-war;
its heel upon our neck.” He spoke of that “
pitiful and then will be settled the question whether or no the
government” which, in twelve months, had been present government still commands the confidence of
obliged “ to reverse every principle, every law, every Parliament and of the country. In any case,
stirring
tradition on which they had built their position,” and times are
at hand ; and if Mr. Parnell is to be congrat¬
even to “ eat their speeches.”
He had no hope from ulated on nothing else, he is certainly to be congratu¬
the new measure which the government was about to lated on
having made plain the issue.
introduce. He supported the last government measure,
not because he approved of it, but because he knew it
pt0ttjetargg©0mmerjciaI Unfllisft Utettrs
would be rejected, and because he wished the Lords to
RATES OF EXCHANGE AT LONDON AND ON LONDON
do “ his dirty work.” He declares it to be the
purpose
AT LATEST DATES.
of himself and his associates to make Ireland free ; that
EXCHANGE AT LONDON—Dec. 4.
EXCHANGE ON LONDON.
is, to separate her from England and to make her an
Latest
On
Time.
Rate.
Time.
Rate.
Date.
independent nation. He is willing for the present to act,
3mo8. 12-4
Amsterdam
Dec.
4 Short.
012*4*2
12*10
as he calls it, within the limits of the constitution
; but Amsterdam. Short. 12-2
@12*2%
25*50 025*55
4 Short.
Dec.
he is prepared to go outside of the constitution if neces¬ Antwerp....
25*27
20*57 '020*60
Dec.
4
20*36
Hamburg
Frankfort...
20*57 *020*60
20*36
sary; and Irishmen are asked whether it is not their Berlin
20*57 *020*60
20*36
“
18*40 *019*45
highest duty to give tbeir lives for their country.” It Copenhagen.
24*8024*4
St.Peterb’bg.
is no longer possible, as we have stated, to mistake Mr. Paris
25*25 025*37*2 Dec.
4 Short.
25*20*3
Paris
3 mos. 25*47*2025*55
Parnell’s purpose. He wants land reform; he wants to Vienna
Dec.
4 3 mos.
11*97*201200
117*30
Madrid
47*8047
dispossess the landlords; he wants a peasant proprietary. Cadiz
4738047*8 *
Genoa
26*45 026*50
Dec.
4 3 0108.
26*05
But he wants more—he wants Home Rule ; he wants Lisbon
52^052*2
New York...
Dec.
4 Short.
4 78*2
the Repeal of the Union.
Dec.
2 3 mos.
Alexandria..
O&Ssd.
3 mos.
Dec.
Is. 7%d.
Is. 778d.
4 4 mos.
*
It is not to be wondered at if, in these circumstances, Bombay..
Calcutta
Is. 73*d.
Dec.
4
la. 7*d.
4
Dec.
3s. 8**d.
it should be generally felt that the Irish difficulty has Hong Kong..
4
Dec.
5s. 1 *sd.
Shanghai....
.entered upon a new and more serious phase.
In the
I From our own correspondent. 1
North of Ireland, in Scotland, and all over England,
London, Saturday, December 4, 1880.
public feeling is deeply stirred; and the government
The past week has been one of some little excitement in the
is greatly blamed for its
policy of inaction.
If money market, the relapse in the New York exchange on Lon•
“
“
—
.
i(
ii
a
...
ii
•
-
.
....
ii
....
....
•
it
a
•
•
•
•
....
a
ii
ti
ii
ii
,
a
**
•
•
•
•
m
»
m
•
..
44
....
•
....
....
•
•
•
....
....
|Tol. XXXI.
CHRONICLE.
THE
642
.
d.
silver.
led not only to a rather considerable export move¬
ment in gold, but also to a belief that the Bank of France
would adopt the measure of increasing their rates of discount.
It was also expected that if the Bank of France raised its .rate
don having
Chilian
d.
517s '3-5115^
5 grs.gold
per oz. stand., nearest. 52*4 ®
per oz. 56
d
per oz., last price. 505g
a
dollars
per oz
®
Discount, 3 per cent.
Quicksilver. £6 15s. Od.
Bar silver,tine
Bar silver.contain’g
Cake silver
Mexican dollars
per oz.
standard, nearest.
pursued here; but
India Council bills were sold on Wednesday at Is. 7 13-16d.
although the Bank of England has lost during the week the rupee.
embraced in the last return about £1,000,000 in gold, the direc¬
The following are the current rates of discount at the printors have not considered it necessary or expedient to advance
cipal foreign centres
:
Bank
Open
Pan/:
their terms for discount accommodation. It is very evident,
Open
market.
rate.
market.
rate.
Pr.
ct.
Pr.
ct.
therefore, that in influential quarters there is still a belief in a
Pr. ct.
Pr. cl.
6
6^6H
8t. Petersburg
3»a
3*2
Paris
continuance of low rates for money; but these are times of
5
4
Geneva
23v
3
Amsterdam
Madrid, Cadiz &
3
3*4
rapid movements, and should speculation continue as active as Brussels
5
4
Barcelona
4
3*2
Genoa
it has been of late, a speedy alteration may be the result.
It Berlin
5
54
Lisbon & Oporto
3*2
4
3*2
3*2 o>4
3*2
4
Copenhagen
must nevertheless be admitted that the supply of unemployed Frankfort
5 3)6
312
4
j New York
Hamburg
4
3:14 ® 3 7s Calcutta
4
capital is very large, and that there must be a large absorption Vienna
of it before money can be expected to be raised—permanently—
A new loan for India has been announced during the week.
in value.
It is evident that, in order to conduct our trade, only It is to be in a 3/2 per cent stock, and the minimum price at
a comparatively small portion of our capital is required, and
which tenders will be accepted is 98 per cent. The amount is
consequently there is a large amou nt available for investment £3,500 000, and the bonds are not to be paid off for fifty years.
All sound securities have risen in value to This loan is certain to be fully subscribed.
in other directions.
a high point, and speculators and the public are now becoming
Tenders were received at the Bank of England on Thursday
sufficiently bold to operate or invest in securities of a second- for £1,485,000 Treasury bills. The amounts allotted were: In
of
discount,
a
similar course would be
..
...
..
.
..
...
...
...
...
.
.
.
.
...
...
rate
or even
Mexican, Honduras, Costa
indifferent character.
do. at six months, £420,000.
months, at £99 9s. and above, will
receive in full, and for bills at six months, at £98 14s. 7d., about
70 per cent; above in full. The Government is paying therefor
2 3-16 per cent discount on three months’ bills and 2 9-16 per
bills at three months, £1,065,000;
Rica, Paraguay, and Turkish bonds have been rising in price,
and it is stated that some of the new companies recently intro¬
duced have met with fair success. Probably, however, we have
Tenders for bills at three
only just entered upon a period of speculative activity, and prob¬
ably in the coming year there will be a great revival, calculated,
possibly, to end in ultimate trouble. So far, the speculation
cent
on
six months’ bills.
Public companies are becoming numerous, several having
has not had much perceptible been introduced to public notice during the week. These are
influence over the money market; it has led to some movements of a miscellaneous character, and include several gold mines.
in bullion, but it has failed as yet to add materially to the cur¬ It seems to be very probable that the approaching year will be
rent rate for money.
How soon an impression will be made fruitful in financial operations, but, excepting a Portuguese
upon the money market is a question which it is impossible to loan, it does not appear that any foreign loans are at present
answer; but if the value of money should be forced up, it will
contemplated. Possibly, however, Russia will make an attempt
be due to speculative and not to commercial action, and it is not to obtain a loan in the new year.
likely that the improvement could long be maintained.
The wheat trade during the week has been decidedly quiet,
Although no change has been made by the directors of the and a very moderate amount of business has been in progress.
rBank of England in their rate of discount, the money market Prices are, however, scarcely so firm, but there has been no
has been firm during the week, and especially during the material variation compared with the close of last week.
Good
earlier portion of it. At one period, the rate for three months’ wheats are held with some firmness, and inferior sorts are
bills was nearly equal to that current at the Bank of England ; difficult of disposal.
but since the improvement which has taken place in the New
During the week ended November 27 the sales of home-grown
York exchange, a somewhat easier tone has prevailed. Mercan¬ wheat in the 150 principal markets of England and Wales
amounted to 46,010 quarters against 35,580 quarters last year,
tile paper has continued scarce, and the money market conse
quently relapses into a weaker condition as soon as there is less and 51,323 quarters in 1878 ; while it is computed that in the
pressure on Stock Exchange account. '1 he present quotations whole kingdom they were 184,000 quarters, against 142,320
for money are as follows :
quarters in 1879 and 205,300 quarters in 1878. Since harvest the
Per cent. Open-market rates Percent. sales in the 150 principal markets have been 569,672 quarters,
4 months’ bank bills
238oi212
Bank rate
2*2
6 months’ bank bills
2^
against 366,433 quarters in 1879 and 779,773 quarters in 1878 ;
Open-market rates—
4 & 6 months’ trade bills.
3
30 and 60 days’ bills
24
the estimate for the whole kingdom, for the current year,
3 mouths’ bills
2 4^2;Ja
The rates of interest allowed by the joint-stock banks and being 2,278,700 quarters ; for 1879, 1,501,750 quarters, and
discount houses for deposits are subjoined :
for 1878, 3,119,000 quarters.
Without reckoning the sup¬
Per cent.
Joint-stock banks
1 ^ plies of produce furnished ex-granary at the commencement
1 Lq of the season, it is estimated that the following quantities of
Discount houses at call
Do
with 7 or 14 (hivs’ notice
1 % wheat and flour have been placed upon the British markets
Annexed is a statement showing the present position of the since harvest. The visible supply of wheat in the United
States is also given:
Bank of England, the Bank rate of discount, the price of Con¬
1880.
1878.
1879.
1877.
sols. the average quotation for English wheat, the price of Imports of wheat.cwt.17,460.805 21,016,954 14,459,731 17,191,526
3,190,752 3,233,893
1,897,262 1,973,843
Imports of flour
middling upland cotton, of No. 40 mule yarn, fair second 8ales of home-grown
produce
9,874,315 6,507,500 13,516,000 11,403,000
quality, and the Bankers’ Clearing House return, compared
Total
.30,525,872 30,758,347 29,872,993 30,573,369
with the three previous years:
which
has been in progress
f
....
1880.
£
Circulation, excludin# Bank post bills. 26,219,025
Public deposits
5,379,710
Other deposits
24,441,013
Go vernm’t securities. 14,865,019
18,105,045
Other securities
Res’ve of notes <fc coin 14,722,563
Coin and bullion in
both departments.. 25,941,676
Proportion of assets
to liabilities
Bank rate
Consols
Eng. wheat, av.
1879.
3,595,752
2,755,629
29,965,269 25,869,466
16,348,678 14,737,624
19,169.934 20,728,354
15,143,596 11,958,971
27,733,246
4,656,903
19,629,343
13,182,326
17,475,305
11,604,603
26,364,256 23.618,000
;
p. c.
5 p. c.
97*2
46s. 7d.
94,q
4’.s. 3d.
3
4 p. c.
x95j2
51s. 7d.
6i3lftd.
5
6*od.
10*2
9d.
lO^d.
i03sd.
Ho. 40 mule yarn
Clearing-House ret’n. 91,932,000 123,564,000 105.829,000 109,932,000
..
63id.
In the silver market more firmness has been
apparent.
supplies offering have been small, and a better
The
Continental
prevailed. The market for Mexican dollars has
been steady. The following prices of bullion are from Messrs.
Pixley & Abell’s circular :
demand has
GOLD.
R.
gold, fine
per oz. standard.
gold, containing 20 dwts. silver, per oz. standard.
Spanish doubloons
per oz.
Bar
Bar
outh American doubloons
v nited
States gold coin
ernnn
gold coin
peroz.
per oz., none here
per on.
(f.
.<?.
(1.
77 9^ a 77 10
77 11 *2®
74 0 /a
73
or
506,072
297,037
Result
30,019,800
Av’ge price of English
wheat for season (qr.)
42s. 4d.
30,461,310
27,013,400
48*91
x99
44s. od.
Deduct
exports
wheat and flour
£
27,589,650 29,405,285
2*2 p.c.
price
Mid. Upland cotton
1877.
1878.
£
&
9
®
rw
76 3k®
.
Visible supply
in the U. S
43s. 4d.
666,853
614,426
29,206,160 29,958,943
41s. 5d.
55l Od.
of wheat
bush.24,200,000
The following return shows the extent of the imports and
exports of grain and flour into and from the United Kingdom
during the first fourteen weeks of the season, compared with
the
corresponding period in IMPORTS.
the three
...cwt.17,460,805
4,441,854
3,574,647
Wheat!
Barley
Oats/.
Peas
Beans
Indian
corn
Flour
previous years:
1879.
1880.
21,016,954
5,568,709
4,936,924
1878.
14,459,731
4,236,622
3,364,539
523.280
434.116
843,059
475,286
10.685.548
688,589
770,866
6,193,613
9,201.697
3,190,752
‘3,233,893
1,897,262
<-
EXPORTS.
--
Wheat
Barley
Oats
Peas
Beans
Indian corn....
Flour.
.
..owt.
1877.
17,191,526
3,592,44*
3,116,128
615,168
1,258.732
7,816,867
1,973 843
1880.
1879.
1878.
1877.
460,636
259.382
640,340
5,649
15,178
30,779
51,481
35,495
602,017
22,747
46,587
6,623
8,120
35,445
149,159
51,654
13,904
69,243
45,336
11,004
5,488
2,368
259,133
86,‘>96
37,655
26.493
13,40.)
December 18,
1880.]
THE CHRONICLE
London, Saturday, November 27,1880.
exchange has declined, and a small quantity
of gold has been remitted to New York; but the money market
has remained extremely easy, and the best three months’ bills
are now taken under 2 per cent.
At this period of the year we
cannot expect the value of money to improve through any
increased business activity. In five weeks time we shall have
entered upon the new year, and diring that period it is scarcely
likely that traders and speculators will be inclined to extend
their operations. They will naturally do so if an opportunity
presents itself for making remunerative bargains ; but at the
present moment there does not seem to be much probability of
this. There is, indeed, a fair amount of business in progress,
and it is understood to be of a fairly-remunerative character; but
profits are not great, and there is no incentive to run risks, as
there are no considerable or unusual profits to be secured. Neither
for financial nor for commercial purposes can we expect any
increased demand for money during the current year. Further
amounts of gold will very probably be sent to New York ; but
the export inquiry is not expected to assume any considerable
proportions, and hence the rates of discount are not only easy,
but there is much confidence in regard to the future, especially
from a commercial point of view. Political affairs are regarded as
more satisfactory. Dulcigno has been surrendered, and although
the Porte may be contentious with regard to the other matters
which have to be settled under the Berlin Treaty, yet there
The New York
seems to
he little doubt of the fact that the Turkish Govern¬
ment will
643
1879.
1878.
1877.
£
£
27,306,115
28,759,905
£
26,764,365-
25,219,515
14,865,070
17,932,292
15,813,383
3,140,668
31,087,300
17,290,587
18,837,535
16,065,004
12,713,428
3,864,484
20,376,485
13,578,372
17,084,368
11,547,182
26,949,903
28,371,119
26,503,333
23,311,547
41 93
p. c.
4 p. d.
1880.
Circulation, excluding
£
bank post bills
26,136,020
Public deposits.
5,479,203
......
Other deposits...
Govemm’t securities.
Other securities
Res’ve of notes & coin.
Coin and bullion in
both departments
..
to liabilities
Bank rate
Consols
Eng. wheat,
av.
50 07
2*2 p. c.
100*4
price.
20,639,931
Mid. Upland cotton...
No. 40 Mule twist...
3 p.
a
c.
10^d.
47 02
5
.
983i
96*e
97*4
47s. lOd.
41s. 2d.
51s. 5d.
10*2d.
9^d.
10*4d.
77,410,000
73,196,000
81,384,000
67ed.
6*>lfld.
-
Clear’g-house return. 74,076,000
Rather
46‘49
-
44s. Id.
6*sd.
5*4d.
considerable amount of
from Australia
sovereigns has been received
during the week, and the bullion movements at
thp Bank during the week embraced in the last return are in.
its favor.
Yesterday, however, there was a rather large with¬
gold from the Bank on American account, but it
has had no perceptible effect. Silver is rather firmer, owing
partly to an Austrian demand ; but there has been no im¬
portant movement. Mexican dollars are rather cheaper. The
following are the current prices of bullion :
drawal of
GOLD
Bar
Bar
(1.
8.
gold, fine..
peroz.
standard.
gold, contain’g 20 dwts. silver
per oz.
standard. 77 11
Spanish doubloons
per oz.
South American doubloons
United States gold coin
German gold coin
v
per oz.,
per oz.
none here
per oz.
77
74
0
'S
®
73 9 ®
®
76
3*4®
d.
SILVER.*
Hamburg
4
Vienna
4
d.
8.
9*2®
it.
Bar silver, fine...
..per oz. standard, nearest.... 51ni«®
Bar silver, contain’g 5 grs. gold.per oz. standard
52* in ®
“
®
Cake silver
per oz. 553*
Mexican dollars..
per oz, last price. 505* ®
®
Chilian dollars...
per oz
Discount?, 3 per cent.
Quicksilver, £6 15s. Od.
current rates of discount at the
....
....
....
....
prinei-
,
Bank
rate.
1Y. cl.
Open
market.
l*r. ct.
33s
23*
v
The demand for money
3,111,753
27,060,490
14,737,672
Proportion of assets
ultimately fulfil all its engagements resulting from
the last war. The mercantile community believes, therefore,
in improved trade. The process of development may be slow,
The following are the
but progress is being made, and if we should increase our busi¬
pal foreign centres :
ness to the same extent as we have done during the current
Bank
year, compared with its predecessor, we may hope that the
rate.
Pr. ct.
cogunerce of the country will show a vast improvement over
Paris
3*2
the recent period of depression. The prospects are good up to Amsterdam
3
Brussels
3*2
a certain point, but competition is great, and the cheapest
4
Genoa
4
Berlin
producer, both in point of quality and price, will be the most Frankfort
4
successful.
•
'
3*8
3*2
3*2
3*2
3*2
3*2
St. Petersburg...
Geneva
6
4
Open
market,
Pr. ct.
5
4
Madrid, Cadiz &
Barcelona
Lisbon & Oporto.
Copenhagen
New York
Calcutta
4
5
3 *2 & 4
5
5*4
3*2
5
4
during the week has subsided very
The stock markets have been very firm during the week, es¬
considerably, and the rates of discount have been steadily
declining. Choice bills are now taken under 2 per cent, and pecially as regards consols, some American railroad bonds and
the market is altogether wanting in vitality. This week’s foreign government securities. Consols have been as high as
Bank return is entirely in favor of easy money.
The 100%@100M, and the tone of the market is still very good.
British railway shares, although they have not been actively
relapse in the rates of discount in the open market seems to
dealt
in, are moderately firm in tone, and some of them have
have caused the Bank’s discount business to fall off, although
attracted
attention. Prices, however, are high, and this fact
it may be said at the same time that business in this depart¬
ment has been more curtailed.
There, is however, a reduction naturally leads to caution.
The prospectuses of several new companies have been issued
of rather more than one million sterling in “ other securities,”
while in the total reserve there is an increase of nearly £918,000. during the week, but the only one of interest to readers in the
The result of the various
changes is that the proportion of
reserve to liabilities has increased to 51 per cent.
This is a
very satisfactory position of affairs for the Bank, and hence
the confidence which prevails. It is very certain that we shall
enter upon the new year under favorable auspices.
When it is
borne in mind how severe is competition at the present time,
we may congratulate ourselves upon the
substantial increase
which has taken place in our export trade. British manufac¬
turers may take credit to themselves that they still enjoy much
advantage, and are able to compete successfully with other
manufacturing nations which are contributing towards the
world’s requirements. The belief is that trade is very sound,
and that a further development is quite probable. The facili¬
ties for augmenting it are considerable, and there seems to be
no reason why we should not enjoy a better trade
in 1881 than
we have enjoyed in the current year.
The following are the
present quotations for money:
United States is that of the Univeral Inter-Oceanic Canal Com¬
of Panama. On the 7th,
500f., or £20, each,repre¬
senting a capital of £11,800,000, will be offered for subscription
in Europe and America.
The remaining 10,000 shares, consti¬
tuting the authorized capital of £12,000,000, are given to the
society of original grantees for the concessions and surveys
made by M. de Lesseps. The shares will be offered at par, and
5 per cent interest is to be paid out of capital while the works
are under construction.
Subscriptions are to be received in
London by Messrs. Seligman Brothers, the Com^oir d’Escompte, the Credit Lyonnais and the Societe Generale. Inter¬
est is to be paid out of capital while the works are under con¬
struction, but, as a sound and profitable investment, there is
little, if anything, to commend itself to the public. The pro¬
posed canal is no doubt desirable, and would be a great economy
in international intercourse, but the probability is that British
capitalists will incur no risks, and as French investors have not
Per cent. Open market rates—
Per cent.
Bank rate
4 months’ bank bills
2
2*2
/3>2*8 benefited financially by the Suez Canal, it seems very doubtful
6 months’ bank bills
2 *8® 2 *4
Open-market rates—
if the proposed £12,000,000 will be subscribed. The cost of such
30 and 60 days’ bills
4 & 6 months’trade bills. 2*2®3
l7s®2
3 months’ bills
an undertaking can only be very approximately estimated, and
l7e®2
consequently, intending investors are anxious to know if
The rates of interest allowed by the joint-stock banks and
£12,000,000 is adequate. Besides which the trade with the
discount houses for deposits are subjoined :
west coast of America with Europe is not so great as that
Per cent.
between Europe and Asia and Australia, and hence there is a
Joint-stock banks
i
1*2
belief that, although the proposed canal will be ultimately
Discount houses at call
1 ^
do
with 7 or 14 days’notice
constructed, the world’s commerce must get older before such
The
following statement shows the present position of the
Bank of England, the Bank rate of discount, the price of consols,
pany for the cutting of the Isthmus
8th and 9th proximo 590,000 shares of
a
work is necessary.
The reports from the
leading industrial centres are of a satis¬
character. A moderate amount of business is reported
quotation for English wheat, the price of middling factory
to be in progress, and prices are steadily maintained.
upland cotton and of No. 40 mule twist, and the Bankers’ Clear¬
The wheat trade was very firm in the early part of the week,
and the price of town-made flour was raised to 4*28. per sack of
ing House return, compared with the three previous years :
the average
THE CHRONICLE,
644
.
[VOL. XX XL
quieter $7,878,042 last week and $7,832,241 two weeks previous. The
appearance, buyers being- indisposed to enter into considerable following are the imports at New York for the week ending
transactions, but only to buy from hand to mouth. There Is, (for dry goods) Dec. 9 and for the week ending (for general
however, little—if any—prospect of wheat becoming lower in merchandise) Dec. 10:
280 lbs.
with
The markets, however, have closed
a
FOREIGN IMPORTS AT NEW YORK FOR THE WEEK.
price. .
1877.
1878.
1879.
1880.
During the week ended Nov. 20 the sales of home-grown
Dry Goods
$834,072
$1,177,106
$1,634,220 $1.408,07fr
produce in the 150 principal markets of the United Kingdom General
mdse..:
3,135,623
6,094,964
8,589,136
5,994,214
amounted to 40,982 quarters, against 40,065 quarters last year
and 49,580 quarters in 1878, while it is computed that they Total week
$7,402,292
$3,969,695
$7,272,070 $10,223,356
have been in the whole kingdom 164,000 quarters, against 160,- Prey, reported.. 302,797,566 269,650,383 313,893,304 451,006,269
260 quarters and 199,320 quarters in 1879 and 1878 respectively.
Totals’co Jan. 1.$306,767,231 $276,922,453 $324,116,660 $458,408,56L
♦Since harvest the sales in the 150 principal markets have
The following is a statement of the exports (exclusive of
been 523,662 quarters, against 327,853 quarters last year and
specie)
from the port of New York to foreign ports for the
728,450 quarters in 1878, the total for the United Kingdom week
ending
December 14:
being estimated at 2,094,640 quarters, against 1,347,000 quar¬
EXPORTS FROM NEW YORK FOR TIIE WEEK.
in
ters
the corresponding period of last season and 2,913,800
1877.
1878.
1879.
1880.
quarters in 1878. Without reckoning the supplies furnished For the week.... $6,349,059 $6,331,833 $7,153,602 $7,255,748
ex-granary at the commencement of the season, it is esti¬ Prev. reported.. 277,2 42,162 327,526,596 330,799,407 390,157,908
mated that the following quantities of wheat and flour have
Totals’ce Jan. l.$283,561,521 $333,358,429 $337,953,009 $397,413,656
been placed upon the British markets since harvest:
■’
*
2,973,764
13,326,531
1,717,960
15,307,446
1,794,121
5,835,100
16,626,500
10,711,500
28,132,526
of
475,952
28,215,393
27,660,991
27,813,067
267,528
649,323
567,727
28,608,478
27,947,865
27,011,668
27,245,340
49s. Cd.
41s. Gd.
55s. 4d.
19,400,529
Total
Deduct
ex]>orte
wheat aud flour
^
: Result
Av’ge price of English
wheat for the season.
Visible supply in Uuit’d
bush. 23,200,000
States
produce into and from
thirteen weeks of the
follows :
The imports of wheat and other cereal
the United Kingdom during the first
present and last three seasons were as
IMPORTS.
1879.
1878.
19,406,529
5,152,735
4,508,835
517,311
13,326,531
18^0.
Wheat
cwt. 16,179,948
Barley
3,963,923
©ate
Peas
Beans
Indian
Flour
3,166,348
767,400
448,017
9,872,878
2,880,778
corn
table shows the exports and imports of specie
port of New York for the week ending December 11.
The following
at the
Exports from New York.
4,236,622
3,364,339
528,280
474,116*
9,601,697
1,707,960
646,547
5,629,189
2,973,764
$143,000
Great Britain
France
Germany
West Indies
Mexico
South America
All other countries..
Imports at New York.
$2,443,287
1,296,495
3,770
$21,899
10,225
163,107
1,276
$196,507
50,000
18,500
63,145
5,494
8,219
51.500
$161,500
$3,325,410
1,500
Total
Silver.
Gold.
Silver.
Gold.
2d.
42s.
EXPORTS AND IMPORTS OP SPECIE AT NEW YORK.
1877.
1878.
1879.
1880.
Imports of wheat.cwt 16,174,948
Imports of flour
2,880,778
Hales of home-grown
produce
9,076,800
Of the above exports $51,500 were American gold coin and
silver coin. Of the imports $0,450 were American gold
$2,000
1877.
15,807,410 coin and $35,351 silver coin.
The movement from January 1 to date in 1880 includes the
3,118,951
2,888,546 export of $2,237,523 gold and $5,848,039 silver, and the import
523,376 of
$59,218,946 gold and $5,372,011 silver. The totals at New
1,196,844
7,133,019 York from January 1 to date in the present and several previous
1,794,128
have been as follows:
years
EXTORTS.
Wheat
cwt.
Barley
Oats
Peas
Beans
Indian
Flour
.
corn
434,674
4,045
231,304
5,455
108,882
47,479
13,681
56,490
41,278
12,067
25,551
9,190
292,454
36,224
624,627
555,897
23,318
42,464
51,481
35,495
5,488
2,368
5,938
7,237
33,075
11,830
86,966
25,493
Imjmrts.
Exports.
Fear.
1880
1379
1878
1877.;-...
1876
!
Year.
$3,086,162 $64,591,557 1875
14,093,014 82,970,413 11874
12,176,242 18,738,283 11873
25,540,775 14,472,829 1872
43,134,032
In the statement of imports of wheat and flour into the
United Kingdom, given on page 444, the total of wheat from
British North America in September last should have been
21,100,782
[1871
Exports.
Imports.
$68,386,495 $12,850,403
6,184,422
57,985,923
48,556,710 13,638,756
5,536,061
69,564,950
8,582,679
61,532,028
BANKING AND FINANCIAL.
980,065 cwt. and of flour from Germany in September, 1879,
52,971. The totals are correct in all instances.
It is stated that the 3,877 coal mines in the United Kingdom
OFFICE OF
FISK A
No. 5 Nxssau Street, New
HATCH,
York, Doc. 13, 1390.
produced in 1879 134,008,228 tons of coal, of which 10,058,511
consumed in London
tons were
while 16,442,298 ton3
were
CHESAPEAKE
OHIO
A
BONDS.
RAILWAY
exported.
Ensliiih
Market Keportg-Per Cable.
Sat.
Dec.
11.
d. 5U5i<j
9813IG
Silver, per oz
Consols’ for
money
Consols for account.... 991,6
Erich rentes (in Paris)fr.85-35
U. 8. 5s of 1881
104*2
U. S. 4*2S of 1891
115*4
117*4
U. S. 4s of 1907
483s
Erie, common stock
126
Illinois Central
6412
Pennsylvania
Philadelphia* Reading. 26*t
98^,6
9313lc
85-80
Tues.
Dec.
14.
52
99716
93H,«
8 5-75
104*2
115*2
117*4
48^
10433
11558
117*4
48*4
126
6 4-*8
126
26*2
-
64*2
2653
150
150*1
New York Central
Mon.
Dec.
13
52
52
Thurs.
Dec.
16.
51 7b
985,6
980,6
9S0,6
9313,6
Wed.
Dec.
15.
85-72
Liverpool Breadstuff* and Provisions Markets.
Sat.
*.
Flour (ex. State). 100 lb.l2
9
“
flfheat, No. 1, wh.
Spring, No. 2...
winter, West. ,n.
“
“
Cal. white
“
Oom.mixed.West.
“
9
9
9
5
d.
12
9
9
8
9
9
9
7
5
8*2
9
8
Pork,West.mess..$bbl.65
0
Bacon, long clear, cwt.. 39
O
Beef, pr. mess, $ tierce.56
Lard, prime West. »cwt.40
O
6
Cheese. Ain. choice
O
“
66
Mon.
8.
d.
65
38
56
46
66
9
9
9
9
7
8
0
O
0
6
O
85-05
1043s
104*3
1153s
115*4
117*3 xL16*2
49
48*4
125*2
126*4
6 453
64*2
26
26*2
1493* xl50*4
Tues.
8.
d.
Wed.
12 9
9 10
9 9
9 10
9 7
5 7*2
64 0
38 O
56 O
46 6
65 O
12
s.
9
9
9
9
—
d.
9
10
9
10
7
5
64
38
56
46
65
Liverpool Cotton Market.—See special report
7*2
0
O
O
0
O
on
Fri.
Dec.
17.
5134
9311,6
981^,6
85-00
104*2
115*4
116*2
49*3
126*2
6134
150*2
Fri.
8.
d.
12 9
9
10
9 10
9
9
9
10
9 11
7
9 7
5 7*2
7*2
64 O
O
38 O
O
56 O
O
45 9
9
65 O
O
Thurs.
d.
8.
5
64
38
56
45
65
cotton.
©ummcvcial audl^Mstellattwras Jtems.
Imports
and
Exports
for the
bonds has been advanced to 108
property, on which has been expended to this
npwards of $50,000,000, with improvements of great importance
now in progress.
They are, on this account, a perfectly safe bond for
Investment of trust funds, or for re-in vestment of United States Fives
and Sixes, now maturing.
The price of the series “ A” bonds of the same company has also been
advanced to 100 and accrued interest.
The improvement in the business and earnings of the road during the
lien on the whole vast
date
past year has been wonderful, considering that none of its Western rail
connections have, as yet, contributed to its traffic. These will be adding
largely to the business revenues of the road after a few months, as they
are rapidly approaching completion.
The earnings for the past eleven months this year are as follows:
$2,439,690 52
For eleven months in 1380
For eleven
27 *s
-
12
9
9
9
9
price of the Chesapeake & Ohio Railway purchase money funding
and accrued interest.
These bonds, amounting in all to only $2,350,000, are a strictly first
The
daily closing quotations in the markets of London and
Liverpool for the past week, as reported by cable, are shown in
the following summary:
London Money and Stock Market.—The bullion in the Bank
of England decreased £76,000 during the week. Daring the
same time, the specie in the Bank of France increased 120,000
francs in gold and 1,235,000 francs in silver.
The
Week.—The imports of last
those of the preceding week, show
an increase
in both dry goods and general merchandise.
The total imports were $7,402,292, against $4,880,860 the pre¬
ceding week and $5,963,473 two weeks previous. The exports
for the week ended Dec. 14 amounted to $7,255,743, against
1,755,888 24
mouths in 1879
Increase in 1880
$G33,802 28
.'
During the first six months in 1881 the direct connection to Louisville,
via theJElizabethtown Lexington & Big Sandy Railroad, will be com¬
pleted; also the connection to Columbus, Ohio, via the Scioto Valley
Railroad ; also the extension down- the Peninsula to Newport News,
while other connections of
great advantage are in process of arrange¬
ment.
extend over the Peninsular Extension,
they have the same lien on the main line as the “ B ” bonds. Their
interest.is payable, and has always been paid, in gold coin. We consider
The lien of the “ A” bonds will
while
them an excellent investment.
Considering the great improvement in this property, and the pros¬
perity opening before it in the immediate future, there is no doubt that
the holders of the “ B” bonds, now selling at 77*2, and of the currency
bonds, now selling at the very low price of 46, will receive their interest
(now being paid in preferred stock) in money, in strict accordance with
the terms made when the company was
stocks which
reorganized, while the preferred
they now receive will steadily increase in
value.
FI8K <k HATCH.
week, compared with
Note.—We propose to
issue, from time to time, short
lar to the above, in reference to
the character aud merits of
statements simi¬
with
railroad bonds and other securities
which
we are
familiar.
December 18,
THE CHRONICLE.
1880.]
645
3
~
The
3£he flankers' (Salette.
.
closing prices at the New York Board hare been as follows:
Interest
Periods.
oTTiTinTiTsfr
The following dividends have recently been announced:
Name
Per
Cent.
of Company.
When
Books Closed.
Payable.
(Days inclusive.)
Railroad**.
Boston Revere lieacli &
Bastern (N. II.)/.
Lynn
$3
....
24
34
24
(ieorgia
Holyoke <fc Westfield
...
Lehigh Valiev (({liar)
Northern Central
Providence & Worcester
Richmond & Danville.
Worcester & Nashua
Ranks.
Tradesmen’s National
1
2 Jo
3
3
$1 50
Jan.
Dec.
1 Dec. 21 to
15
Jan.
Jan.
Jan.
Jan.
Jan.
15 Dec. 20 to
10 Jan.
1 to
1
5
1 Dec. 25 to
6s, 1880
6s, 1880
6a, 1881
6s, 1881
5a, 1881
5a, 1881 .i
44«, 1891
44s, 1891
48, 1907
4a, 1907
6a, cur’ey,
6a, cur’ey,
6a, cur’cy,
6a, cur’ey,
6a, cur’cy,
*
Miscellaneous.
Wells Fargo & Co
4
Jan.
4
Jan.
3
15 Jan.
1
to
Jan.
10.
undertone of confidence which has seldom been
equaled in this
country.
*103
*103
Dec.
14.
*103
*103
Dec.
15.
Dec
16.
-103
*103
*103
*103
*1014 *1014 *1014 *101
*1014 *1044 *1044 *104
Dec.
17.
*1024 *1024
*1024 *1024
*101
*101
104 4
*104
♦1014 *1014 1014 1014 *1014 *1014
*1014 *1014 *1014 *101
101
*101
11134 *1114 1114 1114 1114 *1114
*1114 111.4 *1114 '1114 *1114 1114
*112
1124 1124 *112
*1124 1124
Q.-Jan. 1134 1134 1134 1134 1134 1134
& J. *129
& J. *130
J.
J.
J.
J.
J.
1898..reg.
1899..reg.
*129
*130
*131
*132
*133
& J. *131
& J. *132
& J. *133
*129
*130
*131
*132
*133
*128
*129
*130
*131
♦132
*129
*130
*131
*132
*133
*129
*1294
*130
*1304
*131
This is the price bid at the morning Board : uo sale waa made.
The range in prices since Jan. 1, 1880, and the amount of each
class of bonds outstanding Dec. 1, 1880, were as follows :
Range since Jan. 1, 1880.
Lowest.
6s, 1880
cp.
6s, 1881
cp.
5a, 1881
cp.
44 s, 1891..cp.
4a, 1907
cp.
103
125
Jan.
Apr.
Amount Dec. 1, 1880.
Highest.
101* July 27 1044
1034 July
9 1074
101
Dec. 16 1044
1064 Jan.
2 1124
6s,cur’ncy.reg.
Another
J.
J.
J.
J.
Dee.
13.
C,[.-Feb.
Q.-Feb.
C,>.-Mar.
C([.-Mar.
Q.-Jau.
1895..reg.
Situation.—The week
presents many features of interest in financial affairs, and the
year promises to close on strong markets, supported by an
&
&
&
&
J.
J.
J.
1896..reg.
1897..reg.
FRIDAY, DEC. 17, 1880-5 P. ITT.
The Money market and Financial
J.
reg.
coup.
reg.
coup.
reg.
coup.
reg.
coup.
reg.
coup.
Dec.
11.
Registered.
May 20
May 26
Apr. 28
Nov. 23
9
2 1134 Dec.
21 130 Sept.
6
Coupon.
$8,959,000
$2,290,000
154,787,150
307,274,450
174,742,900
534,821,750
64.023,512
40,768,850
162.370,600
75,257,100
203,582,700
great railroad coup has been accomplished by Mr.
Railroad and Mlacellaneous Stock*.
The stock market
Jay Gould in obtaining a large block of the St. Louis & Iron
Mountain Railroad stock and a controlling interest in the stock of has been animated on a fair volume of business. The greatest
the International & Great Northern of Texas. These connecting activity was shown towards the close, and in the last hour to-day
lines extend from St. Louis to San Antonio on the northerly line and the Stock Exchange presented all the features of a strong bull
to and beyond Houston on the southernmost fork of the Interna¬ market.
Western Union Telegraph was very weak yesterday
tional Road, and from Houston there only remains the short road and this morning, declining to the lowest prices yet made; but
of fifty miles, the Galveston Houston & Henderson, into Galv«ston the borrowing demand for the stock showed a heavy short in¬
city. This latter road can probably be acquired easily by Mr.Gould, terest, and it recovered sharply this afternoon to 82^j. A large
reduction in rates of telegraphing to many leading points and tne
if wanted, and he will then control routes to Galveston and to
plan of the American Union to lay ocean cables are calculated to
New Orleans as soon as Ills New Orleans Pacific Road is finished. work
against this stock'at the present moment. It is expected
With the acquisition of these railroads and the project of laying that the semi-annual exhibits of the Lake Shore and the Michi¬
two ocean cables also well started, Mr. Gould can look back
upon gan Central railroads, soon to be issued, will show very hand¬
some net earnings, and both stocks are strong in
consequence.
the past week as not altogether misspent. So long as the profits
The Chicago Burlington & Quincy directors meet Dec. 28 to act
of Wall Street operations go into the building of new lines of on the
question of a 66 2-3 per cent stock dividend. The Wabash
railroad in the far West and South, and in laying new ocean stocks, particularly the preferred, were among the strongest and
most active to-day.
Chicago & Alton advanced again sharply.
cables, the public can have little cause to complain.
In nearly every case the highest prices to-day (Friday), as shown
The money market has been tight nearly all the week and
in the table of prices below, wero very near to the closing prices.
commissions have been paid much of the time by stockbrokers Reading Is one of the steadiest on the list at present,.but as Mr.
in addition to the legal rates of 6 per cent per annum. To-day Gowen should arrive in London about Monday next, it is possible
there was an easier feeling in money, and Government-bond that cable dispatches next week may give some intelligence of his
dealers obtained some loans at 5 per cent. A fair quotation for negotiations.
The daily highest and lowest prices have been as follows:
—
,
.
call loans in the week is 5 to 6 -f- a commission of 1-64 to
Y& of
cent. Some time loans for 30 days are reported at
.*(o)10 per cent, which Is much better than could be done a week
ago. The best commercial paper Is quoted at 6(fr)6/£ per cent.
The Bank of England statement on Thursday showed a loss
of £76,000 in specie for the week, and the reserve was 45/£
per cent, against 45% per cent the previous week ; the discount
rate remains at 3 per cent.
The specie in the Bank of France
increased during the week 120,000 francs in gold and 1,235,000
one
Saturday.
per
francs in silver.
The
last
statement of the New York
City Clearing House
banks, issued Dec. 11, showed a decrease of $2,378,675 in the de¬
ficiency below legal reserve, the total deficiency being only $83,200,
against $2,461,875 December 4.
The following table shows the changes from the previous week
and a comparison with the two preceding years:
1880.
Dec. 11.
Loans and dis.
Bpecie
Circulation
Net deposits
*.
Differences fr'm
previous
1879.
Dec. 13.
week.
1878.
Dec. 14.
.
Legal tenders.
Legal reserve.
Reserve held.
Surplus.
53.933.200 Dec.
601,400
18.485.200 Inc.
13,800
256.385.200 Dec. 9,747,500
54.009,400
23,463,800
247,559,200
13,403,900
12,579,900 Inc.
543,200
$36,590,300 Dec.$2,436,375
66,513,100 Dec.
58,200
Def.
$61,889,800
67,473,300
$83,200*Lie.$2,378,675
$5,583,500
United States Ronds.—In Government
bonds there
20,882.900
20,141,000
206,131.400
40,478,500
$51,533,000
61,301,400
$9,827,800
large
period there has
was a
business, and right through the tightest money
been a large demand for Government bonds. The Washin gton
advices indicate the probability that the funding bill will pass,
which provides for a 20-40 year 3 per cent bona. It is reported
that the Treasury has already taken in something over $3,000,000
of the 6’s due
on
the 31st inst.
Closing prices of securities in London for three weeks past and
January 1,1880, were as follows:
the range since
Deo.
3.
u. S. 5a of 1981
V. 8. 4*2S of 1891
U. 8. 4a of 1907
Dec.
10.
Dec.
17.
Am. Dist. Tel
Atl.APac.TeJ.
Canada South.
Cent, of N. J..
Cent. Pacific..
Ches. AOhio..
Do 1st prf.
76
33
761*i
35% j
7<5% 74 !
76** 90%;
85%
22%
72
34
73
75%
35
74%
7J
85%) SiX
80
85
30
23%
31%
24%
23
30%
Do 2d prf.. 23% 231*! 24>*
Chic. A Alton 130
13D
1133%
174
Chic.Bur.A Q. 171
173%
Chic.M.ASt.P. 109% lll%! ilo%
Do
pref. 122 122 1122
Chic. AN. \V. +123% 2.7% x 121
Do
pref. 140% 141%; 139%
30
Tuesday,
Dec. U.
22%
I
140
174%
110%
122
»23J*i
139%
'130
C.It.I.AP.new !3)
131
130%
Ch.St.L.AN.O. ♦37
So
39% 38
Ch.St.P.M.&O 44% 45
44% 45
Do
pref.
88
88% 88
83% 83% 83
iO
20%j 19%
Del.A H.Canal 88% 89% 89
Del.Lack.AW. 103% 101% 103%
DenverA K.G. 80
83%! 80%
Clev.C. C.Al.
Col.Chic.Al.C.
Han.&St. Jo..
Do
pref.
Hous.ATex.C.
44%
95%
44%; 43-s
95
95%
89%
83%
20
89%
104%
S3
*4>4
96
59
67
01
62%
Illinois Cent.. *121 122
*121 122
Lake ErieAW. 35% 36% 36
36?4
Lake Shore.... 123
124% 123% 124%
84
Louisv.ANasb S3
I 82% 84
Manhattan.... 33% 34
33% 33%
10
Mar.&C.lst pf. 10% 10%, 10
2d prf.
Do
I
$293,959,200 Dec. 11,741,900 $275,750,100 $238,047,200
..
Monday.
Dae. 11
Range since
Lowest.
Jan. 1, 1890
Highest.
10412 10412 104% 104 *s Dec. 16 1067a Jan. L2
114*8 11512 115*4 10978 Jan. 2 11558 Dec. 14
1157r 117*4 xlG% 106*4 Jan. 2 117*4 Dec. 9
Mtch.Central. 115% 117% 116%
Mobile* Ohio. 20% 20% 20%
Mo.Kans. AT.
43% 44% 43%
Mor.A Essex.. 120% 120% xll?
79
84
Nash.Ch.AStL *8
NewCent.Ooai
N.Y.C.AH. K. 144% 145% 144%
N.Y.L.K.AW. 46% 47% 46%
Do
prof. 79 %
78%
N.Y.Ont.A W. 31%
31%
Northern Pac. 33% 33% 32%
Dec.
14.
66
72
•34%
36
74%
79% 79%
84% 84%
*23
23%
31% 31%
21% 24%
73
117
79M
Thursday,
50
66
56
35%
35% 33
74% 73%
81% 79%
84% 84%
73 %
Dec. 16.
23
Friday,
Dec. 17.
23
31% 31%
24%j 24%
140
143M 143% 144%; 143 ;
172% 172% 173% 174% 173
110% 110% ill
lil%< 112 :
:
121
122
121% 121% 121
122% 123% 123 124% 124%
139
139
139
:
140% 140
130%131
130%131
131
37% 37% *37
38% 39
45
46
45% 45
45%
89% 89% 89% 90% 91
83% 87% 87% 89%
19% 19% 19% 21
89% 90
89% 91%
101%106
78
78%
44
44* 44
44%
95% 95% 95% 96%
63% 03* 64
65%
♦J20% 122 !21% 121%
36
36% 36% 38%
124
125% 124%127
'8*
83
83%
33% 33\
9%
9%
20%
r.8
20 U
42%
43%
117% 117%
20%
44%
Wednend.
Dec. 15.
117
77
29 H
83
33
84
34%
10% 10%
117% 120
20% 20%
43% 44%
117% 117
79
76%
119%
78%
29%
119%
120% 119% 121
20% 21
43% 44%
119
78
32
119%
79
34
21
21
78
79
144% 45% 144%
48
47%
78% 78%
78% 80
79%
32
31%
31%
3\%
32% 3:%
33
33 •32% 33
83% 33% 34%
63
Do
63% 63% 65%
pref. 63% 63% 63% 68% 62% 63
22
22
22
Ohio Central.. 21% 21% 22
21% 21% 21%
21% 22
3
Ohio AMlss... 36
36%
36% 35% 36% 35% 36%
5% 36% 36% 37
88
AS
88
89
Do
87%
pref. 87%
•87%
50
f
Pacific Mail... 50% 52% 49% 50% 50
2%
52%
54
52%
50%
S3
Panama
210
Phil. A Read*g 50
210
51%
3t.L. A.A T.Il.
225
145% 144%
47
79%
225
50% 51%
3 m 32%
46%
145
46%
x
46%
33 2%
!
....
50%
225
51
109
109
47^ 47
49% 49
42
41% '40
55
54% 55
54%
87
87% 87
*84%
Do
pref.
St.L.LM. A8o.
X144% 146
46% 47%
*....
50%
51%
52'
109% 109%
43
50% 50% 52% 50% 52%
43
45
42
St.L.A 3.Fran. 41%
41% 43
02
Do
57% 58
pref. 55
65 1 56
89
89
Do 1st prf. 87
89% 92%
88
Butro Tunnel.
1%
1%
1%
1%
1%
1%
1%
1%. 1%
1%
107
Union Pacific. 106% 107% 106% 108
107% §107% 09% xl07%06%l
Wab.St.L.A P. 43% 44% 43% 43% 42% 43* 42% 43% j 43
43%' 43
pref.
81
West. Un.Tel.
81
Do
*
82%
81
84%
80%
31%
84
80
81%
8*."
80% 81% 80% 81% 81
82
83%
48
90
32%
a* ag
21%
225
52
145%
78% 83
1
These are the prices bid and aaicert: no sale, was made at the Board.
+ 8 lies were also made ex-div. at 121%^|122%..
X Sales were also made ex-div. at 143%<&144.
I Sales were also made ex-div. at 108%'?*106%.
77%
38%
88%
53%
leading stocks for the week ending^ Thursday,
and the range in prices for the year 1879, and from Jan. 1,1880,
to date, were as follows :
Total sales of
Week,
Canada Southern....
Central of N. J
Chicago & Alton
Chic. Burl. & Quincy
26,770
88,255
6,468
40
45
8,414
113
Chie. Mil. & St.P....
Do
do pref.
Chic. & North w
do pref.
Do
*Cliic. Rock T. & Pac¬
ed. Chic.& Ind.Cent.
Del. & Hudson Canal
Del. Lack. & Western
91,586
Hannibal & St. Jo...
Do
do pref.
43,620
99% Jan.
June
66% May
May
July
Feb.
June
May
May
68% May
22% May
63% May
70.760
17.3<>4
1,250
51,200
Low.
High
17 75 Dec. 17 45% 78%
25 90% Mar. 8 33% 89%
100%
Dec. 17 75
2 153
9 111% 134%
Dec.
2 178
25 114% Dec. 17 34% 82%
10 124 Nov. 26 74% 102%
Nov. 29 49% 94%
9 130
10 146% Nov. 24 76% 108
150%
June 8 119
11 204
28
5
11 25% Jan. 26
May
May
99
2,310
87%
78,080
4,050 104
10,3v>0 100%
9%
9.650
60
28,127
Year 1879.
Highest.
Lowest.
Shares.
Range for
1,1880.
Range since Jan.
Sales of
25 92% Nov. 22
25 106% Dee. 16
25 48% Deo. 17
Dec. 16
25 99
38
89%
43
94
41%
34
70%
79% 100%
13%
8
99% Jan.
2 123% Dec.
28%
40% Dec. 16 f 16
20% May 11
108
67
Juuo 2 128% Dec. 16
95
118,510
89%
5.650 §77
Dec. 8 174 Nov. 8 35
72%
21
7,175
July 22 57% Mar. 16 35
Dec. 17 73% 98
75
May 17 121
37,346
5% 35%
28% May 25 49% Jan. 27
88,220
Nov. 23 75% 104%
11,403 100
May 24 122
Mar. 5 35% 83
47% Juno 1 128
46,100
139
May 11 147% Nov. 22 112
37,295 122
49
Nov. 26 21% 49
30
June 1
184,562
47
May 25 82% Nov. 26 37% 78%
7,205
40%
Jan. 14 : io
20
4.650
May 11 36
39% May 24 65% Dec. 16 144% 65
30,635
7% 33%
23
May 25 44% Mar. 6
17,110
8
Mar.
10% 39%
27% May 17 62
127,360
182
Dec. 13 123
Jan.
2 225
371 168
3
28.800
13% July 2 72% Jan.
56
13
Feb. 17
34% May 25 66
105,210
2
3% 53
Feb.
25% May 11 48
7,175
Dec. 17
4% 60%
33
6,823
May 11 65
9% 78%
2,435 60 May 11 96% Dec. 17
80
May 11 109% Dec. 15 57% 95
155,967
Jan. 27
26% May 25 48
24,945
51% May 25 85% Dec. 17
99,245
77% Dec. 17 116% Feb. 24 88% \il6
377,482
Illinois Central
Lake Erie <& Western
Lake Shore
Louisville & Nashv..
Manhattan
Michigan Central
Missouri Kan. & Tex.
Morris & Essex
Nashv. Chart. & St. L.
N.Y. Cent.A Hud.Riv
N.Y. Lake E. <fc West.
Do
do pref.
Northern Pacific
....
Do
pref.
Ohio & Mississippi..
Pacific Mail
Panama
Phila. & Reading
St.L.Iron Mt.&South.
St. L.& San Francisco
Do
pref.
Do
1st pref.
......
Onion Pacific
Wab. St. L. & Pacific
Do
do pref.
Western Union Tel..
"
Lowast price here is for new stock, sold
4 Ex-dividend of 100 per cent in stock.
*
......
for first time June 11.
f Range from Sept. 25. i Range from July 30
State and Railroad Bonds.—There is
.
,
great stength in the
Southern State bonds and a general revival of
dence in the bonds which had ruled at low
speculative confi¬
prices until quite
recently. The extreme advance in Virginia bonds last week was
too sharp to be fully sustained, but—af ter a re-action—the prices
are strong.
Tennessee*, Louisianas and North Carolina* are all
noticed for their increased firmness.
Railroad bonds have been very strong
and prices are pushing
demand for
up quite sharply now in anticipation of the January
investments. If the Government succeeds in negotiating a
three
conceded that bottom rates
been reached, and railroad bonds and other securities can
adjust themselves to their proper level, according to their
cent bond, it will generally be
per
nave
then
respective soundness.
The following securities
were
Shares.
250 Brooklyn City RR
171%
150 Central Trust Co
163%
50 Central Nat. Bank
123
50 Continental Ins
210
20 Continental Nat. Bank... 125%
50 Great Western Ins
82
150 Merchants’ Nat. Bank of
85
Peter Cooper
Fire Ins
200
Amer. Screw Co., $330 per sh.
Union Bank
157
Warren RR
115
Bank of Manhattan Co... 141
Bonds.
RR. 1st m. 7s, due 1887.. 98%
10.000 Nash. A Decatur RR.
1st mort. 7s, due. 1900..7.116%)
400 N. Y. Real Estate Asso. .101%
100 Manhat Real Est. Asso.. 86
400 N. Y. Guaranty A In¬
demnity Co
Shares.
Mercantile Fire Ins
$5,000 Chic. Cinn. & Louisv.
105%
Savannah, Ga
sold at auction:
15
9
7
15
30
30
1.000 Cinn. Ham. A Dayton
RR. 7s, due 1685
...104
133@125%
300 N. Y., Prov. A Bost. RR.,125
100 Prov. A. Stoningt. 68. Co. 104
50 Fulton Nat. Bank
140
2 Brook. Acad, of Music... 73
72 Metrop. Gaslight Co
13 4
35 Metrop. Gaslight Co
134
50 Ceutial Park North A
East River RR
110%
10 Lafayette Fire Ins
117
288
110 Greenwich Ins
1,400 Metrop. Gaslight Co.
scrip
'.
103%
10,000 N. Y. City 6 per cent
dock bonds, due 1905
122%
728 Pae. Mutual Ins. scrip.. 29%
5,000 Hackensack A N. Y.
RR.
1st
mort. 7s, due
Jan. 1, 1877
60
Exchange.—Foreign exchange was still depressed in the early
the week, their
ratesrecently
firmer, The
Sart of advanced
but has
beento-day.
and rates
leading
point
on
Earnings.—The latest railroad earnings and the
totals from Jan. 1 to latest dates are given below. The state¬
ment includes the gross earnings of all railroads from which
returns can be obtained.
The columns under the heading
“
Jan. 1 to latest date” furnish the gross earnings from Jan. 1
Railroad
to, and including, the
Ala.Gt. Southern.November.
Albauv & feusq ..September.
Atch.Top. &S. Fe.2dwk Nov.
Atl. &Char.Air-L.October
Atl. &Gt. West
October
Atl. Miss. & Ohio.October
Bee. 17.
Prime bankers’ sterling bills on
Prime commercial
London.
Documentary commercial
Paris (francs)
Amsterdam (guilders)
......
Frankfort (reichmarks)
Bremen (reichmarks)
Coins..
■The
Napoleons
3 82
XX Reichmarks. 4
X Guilders
3
toan’h Doubloons. 15
Mex. Douoloons.. 15
Fine silver bars
1
Fine gold bars
..
o
—’— ■
T •
•
Dimes & % dimes.
4
4
4
5
4
4
4
5
78%@4 79%
77%@4 78
77 @4 77%
2938@5 26%
39% @ 39 %
93%® 94%
93
94%
81%@4 82%
80%<z>4 81
80 @4 80%
26%@5 23%
39%@ 40%
94%@ 94%
94%@ 94%
following are quotations in gold for various coins:
Svi
$4 R2
82
Sovereigns
Demand.
Sixty Days.
—
73
96
60
50
@$4i RX
85
ftilvpr
and lr»a
Silver %s and
%s.
86
Five francs
Mexican dollars..
Do uncommerc’l.
3
4
4
@15
@15
@
@
@
77
00
80
60
11%@ 1 11%
par@% prern.
99 %@ par.
9 '•wm.
w
VA
English silver
....
Prus. silv. thalers.
U. 8. trade dollars
U. S. silver dollars
—
—
—
QQ3*
'Th
99
%@
91
87
@
@
par.
94
—
88
—
85%@ — 86%
4 70 @4 80
—
—
—
—
67
@
—
69
99%@ — 99%
99% @ par.
...
42,471
8,940
Central Pacific...November.2,154,000
Ches. & Ohio
November. 239.073
40,621
1,673,402
1,902,534
5,961
375.213
1,366,315
1.399,366
238,795-
1,488,142 18,582,195 15,817,291
148.073 2,454,577 1,757.377
146,465
Chicago & Alton .1st wkDec.
144,658
7,275,071 5,347,321
Q...October ...1,599,534 1,709.932 14,504,592 12,013,868
13,970
Chic.AG.Tr’k.Wk.end. Dee. 4
40,746
Chic. & East. Ill.. 1st wk Dee.
23,067 1,203,764
816,498
33,734
Chic, Mil. & St. P.2<1 wk Dec. 310,000
236,703 12,346,810 9,435,483
Chic. & Northw..November. 1,820.600 1,558,476 17,898,340 14,772,478
Chic.St.P.Min&O 1st wk Dee.
38,729
35,388 1,486,480 1,160,83^
Chic. &W. Mich.. 3d wk Nov
15,349
737,759
578,173
16,407
Cin. Ham. &Day.November. 232,8/5
205,601
Cin. Ind.St.L.A C.lst wk Dec.
43,723
42.556
Cincinnati 8outli.October
186,675
64,877
Cin. A Springf. ..1st wk Dec.
21,957
848,345
17,966
738.217
82,479
Clev. Col.Cin. AI.lst wkDec.
71,694 4,090,044 3,413,139
Clev. Mt.V. A Del. 4th wk No v
10,960
9,255
383,894
352,841
Del.&H.Can.. Pa.Div.. Sept.
117,136 112,762
858,982 ,890,2952
Denver & Rio Gr 2d wk Dec.
88,601 1 29,353 3,266,064 1,158,04(1
Denv.S.P’kAPac. November.
139,077 1.69Q.399
766,681
87,333
Des M.& F.Dodge.lst wk Dee.
6,789
4,383
294.817
205,552
Det* Lans. & No. .4th wk Nov
35,073
27,122 1,090,315
997,507
DubuqueAS.City.1st wkDec.
21,234
20,710
957,176
864,541
Eastern
August.... 302,389
264,601 1.9L5.440 1,628,426
East Teim.V.AG.October
128,802 118,0-4 1,038,150
847,819
27,943 1,181,075 1,058,941
Flint & Pere Mar. 1st wk Dee.
34,742
Gal. Har. A San A.4tk wk Nov
32,984
31,964
Chic. Burl. &
207.31549
,
...
133,339
189,269 9,975,172
100,118 4,849,636
56,740 2,336,015
95,316 3,394,637
490,530 5,785,953
140,813 1.536,242
20,822 1,118,460
55,191 1,755,347
169,957
Georgia
November.
GraudTrunk.Wk.end.Dec.il
Gr’t Western.Wk.end.Dec. 10
204,367
102,192
57,291
98,518
557,131
Hannibal & St. Jo 1st wk Dec.
Houst. A Texas C.lst wk Dee.
IllinoisCen. (Ill.).November.
Do
(.Iowa). November.
Indiana Bl. AW..4th wkNov
Int. & Gt. North.. 1st wk Dee.
Iowa Central
November.
K. C. Ft. S.A Gulf .3d wk Nov.
.
163,440
8,491,728
4,208,629
1,800,812
2,918,769
o,190,010
1,388,386
21,774
1,054,689
1,612.784
52,948
92,647
26,973 ' 19,676 1.023,309
768,315
642,138
.18,011
10.761
422,991
23,379
14,980 1,229,601
635,421
48,193
32,578
218,600 151,200 8,716.187-5,476,775
Kans.C.Law.ASo.2d wkNov.
Lake Erie& West. 1st wk Dee.
Little Rk. A Ft. S.September.
Louis v. <fe Nashv. 1st wk Dee.
29,183
781,566
34,002 1,090,418
717,785
10,234
90,771 3,889,335
434,266 4,453,854
309,296 1,982,877
174.245 1,873,453
47,394
485,069
2.80%635 30,772,015
1,492,495 14,065,330
538,569
805,237
44,400
24,073 2,436,356
11,656
8,681
Ogd. A L. Champ.3d wk Nov.
11,988
11,666
366,550
Pad. A Eli zabetht. 4th wk No v
7,156
5,629
196,128
Pad. A Memphis.. 4tli wk Nov
Pennsylvania
October ...3,882,714 3,518,144 34,137,327
Peoria Dec.&Ev. 1st wkDec.
416,393
7,536
3.242
Philadel. A Erie..October
367,082 323,803 3,120,849
Phila. & Reading.October ...1,746,299 1,542.911 14,839,670
r.
- 4 nAA
OO AOA
A QO
482,659
38,930
Pitts. Titusv. A B.October
54.200
19,275
Ports.Gt.F.ACon. August
22,891
181,574 1,415,572
Rensselaer & Sar.September. 196,561
23,254 1,297,563
23,318
St.L.Alt.AT.H. ..1st wkDec.
616,180
13,714
Do
(brchs).lst wk Dec.
16,580
8t.L. Iron Mt.&S. 1st wkDec.
167,500 181,337 5,770,819
57,300 2,584.275
St.L. A San Fran.2d wk Dec.
59,400
502,787
St.Paul A Duluth.October
66,374
36,700 3,004,008
8t.P.Minn.AMan.2d wk Dee.
79,500
20,149 1,377,300
8t. Paul A 8. City ..1st wk Dec.
31,180
297,049
6,119
Scioto Valley ....1stwkDec.
5,306
396,000
4,545,000
South. Pac. of Cal.November
81,519
77,707
Texas A Pacific ..lstwk Nov
33 119
34 140 1,060,518
Tol.Peoria A War. 1st wk Oct
1,937,617
34,202
41.427
Marq. H. A Ont’n.November.
Memp. A Chari... 1st wkDec.
Minn. A St. Louis.3d wk Nov.
Mo. Kan.&Texas. 1st wk Dee.
Missouri Pacific..October
Mobile A Ohio
November.
Nashv. Ch.ASt.L. November.
N. Y. A Canada ..September,
19,924
84,937
546,027
252,222
182,087
56
959
56,959
...
Hud.November!3,047,541
N. Y.* Cen t7 A
N.Y. L. Erie &
W.September.l,786,417
50,015
N.Y.AN. Engl’d. 1st wkDec.
Northern Central. October
Northern Pacific .2dwk Dec.
.
512,917
...
400,962
3,054,136
3,186,803
1,810,850
1,615,225
323,691
26,521,216
11,881,343
48,159
413,534 4,097,023 3,316,033
.
...
^
c
m: a.
_
U. S.
and
...
11
<
11
Total
21
51
55
60
61
1,223,087 57
1,137,616 81
1,579,798 99
1,873,249 44
1,869,297 97
2,333,209 85
“
“
“
“
••
926,905
Currericy.
$
77,457,963
77,393,317
77,311,929
77,843.414
77,057,934
$
54
06
94
02
79
76,198,953 91
*
Specie.
*
4....311,042,800 65.434,700
11....313.710,200
18....314.123.500
25....310,201,000
66.340,300
06.517.300
65,147,600
following
L. Tenders.
Tenders.
L.
*
14,541,400
13.948.200
13,517.700
13,197,200
2....309.323,600 65,256,300 13,046.300
9....313,521,200 66,99-2.200 12,629,600
16....315,811,900 67,364,300 13,035.000
23 ...317.043.300 65,613.900 13.159,300
30....317.880.200 60,372.400 13,010.700
Nov. 6... .^24.370.200 66.691.700 11.9S9.600
13....324,970,000 64,955.400 12.474.900
63,830,000 12.078,900
00.177,900 12,098,200
Dec.
4...,305,701,100 54,534,600 12,036.700
11... .293.950.200 53.933.200 12.579.900
“
268,147
4.310,148
4,144,035
4,175.328
4,174,694
4,198,564
77
65
24
52
48
3,984,516 12
the totals of the
Clearing House Banks’ returns for a series of
York City Bank*._The
Loans.
1880.
••
2,460,549
1,037,324
8,112,248 65 10.016,290 63
wreeks past :
Oct.
4,818,534
1,551,282
11.612,958 8,357,547
1.035,328
744,771
Coin.
$
1,411,332
1,024,704
2,404,103
1,107,683
1,260,180
New York City
•*
953,386
514,484
Balances.
Payments.
903,739 17
11...
13.,.
14...
15...
16...
17...
New
••
1,132,097
Sub-Treasury.—The following table shows the receipt®
in this city, as well as the
$
Dec.
Sept.
386,154
payments at the Sub-Treasury
Receipts.
•
304,112
144,640
28,034,354
242,545
2,514,584
12,377,394
UQU 1 KA
...
November..2,265,160 1,796,343
Union Pacific
Wal .8t.L.&Pac. 1st wkDec.
239,469
227,385
82,079
Wisconsin Cent...November. 113,020.
ti
St. Louis, 100 discount; Chicago, par ; Boston, par.
Quotations for foreign exchange are as follows:
...
595,611
743,023
88,498
127,332
477,776
497,232
235,910 ' 200,308
...
Bur.C.Rap.A No.. 1st wk Dec.
Cairo A St. Louis. 4th wk Nor
li
bank par ;
reported—. r-Jan. 1 to latest dale.—.
1879.
1880.
1879.
$61,155 , $49,600 $582,252 $390,644
158,980 105,362 1,055,122
786,312
272,000 188,000 7,259,000 5,455,447
1880.
WcckorMo.
prime bankers’ sterling bills are about 4 79 for
60 days and 4 81@4 82 for demand. Cable transfers are 4 82@
4 82/£.
The following were the rates for domestic exchange on New
York at the undermentioned cities to-day: Savannah, buying,
period mentioned in the second column.
,—Latest earnings
rawers
actual business in
fV0L. XXXI.
CHRONICLE.
THE
646
are
Deposits.
*
Circulation. Aqq.
Clear
297,186,800 19,342,300 603,877,203
298.350.500 19.353.600 625,650,183
298,928,700 19.344.500 623,375,656
573,355.801
294,806,900 18.882.500 705.598,706
18.636.700
295,611,400 18.573.700
651,109,020
301,013,600
302.566.900
300,831.000
3i-2,582,100
307,7-6.700
307.70S.200
295.871.400
289,527.100
276,132,700
266.385.200
17.629,100
693.917,300
18.700.600
18.646.500
18,691,800
785.301,621
872,895.695
866,393,048
896^40.451
13,730.400 868,076,513
18,606.200 1072,080,747
18,471,400 1155.094,082
19.708.700
18 485 200
940.101,84*
December
The
THE CHRONICLE,
18,1880. J
following statement shows the condition of the Associated
the week ending at the comnfence-
647
PHI LAO BLP ill
Bt>9r»5l,
Btc.-O
»
ntluued.
Banks of New York City for
ment of business
on
Dec. 11, 1880:
SXCUBITIXS.
Average a/nuywnt of
Banks.
Capital. Loans
Tenders.
%
Hew York
Manhattan Co...
)
Merchants....
Mechanics’.
)
)
)
>
)
)
)
)
..
Union
America
Phoenix.
City...
Pulton
Chemical
Merch’nts’ Exch.
Gallatin Nation’!
Butchera’&Drov.
Mechanics’ A Tr.
Greenwich
Leather Man’f’rs
Seventh Ward...
State of N. York.
American Exch..
Commerce
3.892.000
Pacific
%
220,000
305,200
707,000
474,000
77,000
447.000
2,499.300
412,000
470,200
241,800
140.000
26.500
652,600
157,100
727,900
2,012.000
2.340,600
18.308,000
l5.508.2Ot'
5.455.700
3,408.400
Mercantile
$
2,098,000
535.20C
1,700,800
.
681,100
2.272.000
5.250,500
3,012.400
Republic
Chatham
252.400
488,300
77.\000
98,300
277,000
1.404.800
People’s
North America..
2.268.500
8,015.200
Hanover
Irving
Metropolitan
1,000,000
500,000
500,000
500,000
1,000,000
1,000,000
§t.hoeNicholas
A Leather..
Exchange..
Continental
Oriental
300,000
Marine
Mech. Bkg. Ass’n
North River
Bast River
Fourth National.
400,000
1,500,000
2,000,000
500,000
240,000
250,000
3,200,000
Sentral
econd Nat
Nation’],
2,000,000
300,000
Importers’ A Tr..
Park
.Ninth National..
750,000
500,000
1,000,000
300,000
250,000
200,000
750.000
300,000
100,000
First National...
Third National..
N. Y. Nat. Exch..
Bowery
National
N.
York County..
Germ’n Americ’n
Chase National..
Fifth Avenue....
475.700
361,100
101,600
241,000
131,000
155.700
125.000
182,000
1,504,200
350,500
81,000
252.700
413.700
467,000
097.000
332.000
1,757,800
977,700
39.000
409.000
5.099,400
4.572.700
105.200
33.800
109.500
10.275.700
3.755.100
8,686,000
1.105,000
020.600
0*9.300
473.000
2.4S1.000
5.075.900
I2.406.00o
6,860,000
1.402,100
1,501,400
1,309,100
2.18^.700
1.0O7.300
2.315,000
1,434,700
168.300
35.000
$
495,900
400
360.000
44,500
1.100
207,000
-
-
*
799,700
|#tt
666,800
793,100
257,500
1.081.100
1.994,600
1,023,000
1.006.500
2.720.900
833.400
3,017.800
0.436.000
97,700
58.00G
133,000
451.000
3,073,700
1,901.300
2.251.000
2.074.8OC
2.247.100
3.046.000
3.506.500
7.287.60C
1.805.700
.3.480.000
18,051.300
16,460.500
f
04.100
480,100
302,190
92.500
71.500
127,000
253,100
73.400
269,800
937,900
11.060.000
....
Nassau
Market
tion.
8,013,000
4,303.100
5,707.900
5,437,000
4.078.000
5.830.500
3,505,000
7.067.600
1,703.200
1,287,800
10,850.200
3,282.600
311,300
152,000
161,000
50,200
362.500
239,000
250.000
317.200
83.300
114,500
1: *7,000
130.000
50,000
188.100
27*1,500
140.000
322.100
305,600
17,200
110.200
97.400
401.800
741.000
230,000
252.200
191.900
307.300
06.300
298.000
319,800
91,900
74,800
1,241,200
342,400
2,4*1.000
245,800
2.759,700
Citizens’
030.900
Oircula-
than U. S.
515.200
1,148,100
1,210,500
530,000
1,068,400
336,800
887.000
4.120.300
Broadway
Corn
8.005.000
0,834.400
0.807.000
7.028.000
4.085.200
8.500.700
8.195.900
2.982.800
1,575.200
11.501.700
4.133,400
\
3,905.300
>1
1.287.100
1,013,000
1,005.000
3.291.000
Tradesmen’s
JVet dept's
Legal
and
discounts.
180.000
2.700
480,000
37,800
585.000
443,000
10,342.000
4.202,300
1,231,300
3.106,700
2.078.200
180,000
2,465,900
3.931.300
1.437.O00
l, 117,100
45,000
5,400
0JU.OOO
2,301.900
7,532,500
2,419,000
10,440,000
2,083,600
2,271,700
2,082.400
1,992.800
3,250.000
2.149,500
7,800,500
1,665,500
3,510,OwO
20.278.3S0
19.854.00C
035.10T'
895,100
786,100
10,017.400
8.107,000
2,848.000
•
•
•
•
.
800.000
429,000
45.000
270,000
3.000
443,700
450,00.1
450,000
4.609
780,300
iso,$56
1,113,900
45,000
44,900
Loans and discounts
1,283,000
45,000
5.396.400
90,000
12.041,000
0.601.200
1.056.100
450.000
1.176,800
1,407,700
2,101.000
3.880,400
1,501,800
Legal tenders
Boston
800.000
270.000
225.0 tO
180,OjO
154,800
....
Sept. 20
13.
.
15..
22..
29..
Dec. 6..
“
13..
“
“
*
Specie.
>.
0,871,600
7,032,300
7,615,000
8.333.400
8,708,800
8,652,000
L. Tenders.
Inc.
13,300
2,96f,500
Circulation. Ayg. Clear
i
*
50,089,500
30.509.800
54,247,417
50.312.900
30,403,300
55,287.9 70
58,3'1,800
30.503.800
57,070.524
59,827,100
30.577.200
02,089.700
60,012,100
30,021,200
04,474,220
147,^38,900
148.846.500
150.429.100
151,767,000
151.583.100
151.433.200
152,031,600
7,902,300
7.515.100
6,915,000
3.4:16.000
3.306.700
*98,371,300
*97,342,800
149,148,400
6,604,900
3,132,000
*91,659,500
8.472.400
8,312,000
8.366.100
8,074,600
From Oct. 23 the item “ due to
30,498,000
30.503.200
30,540,500
30,597,000
30.517.700
30.569.200
30,010,400
30.628.700
04.‘229,418
00,051,853
02,388,970
71,908,488
72.940,8 3
73,844,304
84.076,805
30.508.200
80,240,704
other banks.” is included in deposits.
Philadelphia Banks.—The totals of the
Philadelphia banks
follows:
are as
1880.
20
27.
4....
11....
18....
25....
Nov. 1....
8....
15..
22....
29....
Dec. 0...
13....
.
L. Tellers
Deposits.
Circulation.
Agg. Clear.
$
70,563,376
70,782,054
70,027.077
70.804,827
70,741,570
71,455.917
71.703,845
72,504,072
73,441,349
74,515,640
75,082,818
74.961,122
75.082,036
73,012,770
20,670,935
63,010,452
12,178,215
21.300,239
21,583.980
21,463.516
21,442,750
21,108.723
20.533.193
20,9 10.079
04.083.179
64.420.111
12,209.230
12,215.485
12.105,371
12,180,549
12.213.234
12.243,730
12,236.047
12.235.015
12,241,785
21.107,722
20,180,457
19,822,930
19,440,299
17.902.749
10.104.055
04,822,802
04.832,706
05.740,522
05,329,078
05,779,300
60.098,124
00,738.284
66,532,070
00.832,462
64,819,921
61,289,872
$
36,873.476
44,444,519
39,199.700
42 653.645
42,903,778
42.851.693
45.341.760
42.863,752
49,025,584
46.419,767
12,241,121
12.192,7.35
48.741.664
44.275.141
12,190.038
12.202,775
59,498,059
46.572.862
POTATIONS IN BOSTON. PHILADELPHIA AND OTHER CITIES.
Bid.
SECURITIES.
Ask.
71
Ogdensb. A L.Champlain
...
224
ro sen. m.
ao
do
byra.Gen.A Corn’/,Ut.ls,ltfdG
,6s,g.,1905
do
do
reg.
6s,ola, reg...
do
do 6s,n.,rg.,prl.jrto’9r.
do 6s,n.,rg.,l395A ovei hji7
do 4s, various
107
130
Allegheny County 5s, coup... 106
Allegheny City 7s, reg
...
90
.10
7s, Ntr.imp., reg.,’88-86. 107
coup...
A coup.
...
...
125
...
116
934
...
r.
Fort Scott A Gulf 7s
Hartford A Erie 7s
Ban. City Top. A WM 7s, Ut
do
do
7s, Inc..
K. City Lawrence A So. 4s...
Kan. City. St. Jo. A C. B. 7s.
Little R'k A Ft. Smith,7s, 1st
New York A New Eng. 7s....
New Mexico A So; Pac. 7s...
Ogdens burg a Lake Ch.6a...
Old Colony. 7s
j
_
112
45
454
1204 123
_
.
Cheshire preferred
Chic. Clinton Dab. A Min
Chi''. A W. Michigan
Cin. Sandusky A Clev....
Concord
Connecticut River
Conn. A Passumpslc
Eastern (Mass.)
Eastern
101
174
05
156
1454
74
17*
954
804 ‘87
82*
(New Hampshire)...
Fitchburg...,
FllntAPere Marq
.
do
common
113% K.C. Law. A Southern.Kx.R
110
894 90
139
24
18*
Little Rock A Fort Smith
014
Manchester A Lawrence.... 150
Mar. Hough. A O »t
324
...
108
99
96
tiJ
100
11*2*
118
100
110
118
107
!07
106
CANAL BONDS.
Chesan. A Dela. 1st 6s,
...
...
Delaware Division 6s,
...
‘
Norristown
North
->•
Pennsylvania
Pennsylvania
St.PaulADuluthli.Ii.Coin
pref.
do
do
do
1074;
United N. J. Companies
Westchester consol, pref....
West Jersey
CANAL STOCKS.
Chesapeake A Delaware
Delaware Division.
..,
Lehigh Navigation
024 6241
20 I 204 f
25* 85%
1824!
174 ‘l74(
28
3J
24
i
31
j
1.'...
30
.
105>8f.
do
prof...
Susquehanna
1041
....
.
RAILROAD BONDS.
Allegheny Vai.,7 3-10b, 1896... 122
<s, E. ext., 1910
do
do
Inc. 7s, end.. ’94. j yy
Belvldere Dela. 1st m.,6s,1902.fiio
do
2d in.6s.’35.. 105
do
3d in. 6s,M7..110.3
Camden A Amboy 6S,coup,’33 j 100
do
6s. coup., ’89;io7
do
mort. 6s, ’89.
114
Cam. A Atl. 1st in. 7s. g., 1*93 1...
do
2d m. car. 7s, ic79..i
Cam. A Burlington Co. 6s,’97
Catawlssa 1st, .8, conv., ’82..
chat, m., 10s,’88
do
110
do
new 78 1900
no
Connecting 6s, 1900-1904
Chartlers Val., 1st m. 7s,C.,1901
Delaware mort., 6s, various..
Del. A Bound Br., 1st,7s, 1900 119
East Penn. 1st mort. 7s, ’88 ..
El.A W’msport, 1st m.,78,’80. 112
i
...
107
do
5s,perp ... ....
Harrisburg 1st mor*. 6s, ’83...
H. A B. T. 1st m. 7s, gold, ’90.
lstm. 7s,
do
do
do
do
fi. g.’69,
33
iio
24%
128
71
92
014
*34
115
...
00
125
90
do
Penn. Co , 6s. reg
95
Perkiomen 1st m.6s,coap.,*9i
Phila. A Erie 1st m.6s, cp.,*8i 101*
110
do
va.
7s.
1194
2d
CD.,*88
Phi’a. Newfc A N.Y.. 1st m.
Phila. A Read. 1st m. 6s, ’43-*44 ii*7
do
*48-.49. 117
do
123
2d m., 7s, cp.,9*.
do
do
deben., cp., "1T 40
CO
do
do
cpsoft.
62
do
•crip, 1882
73
In. m. 7s( cp,1896
do
•In default.
X Per share.
i
109
115
125
1284
111
107
105
120
150
100
115
1004
112
104
1054 1100
100
103
*
•
•
104
Cin. I. St. L. A Chic, stock... 1024
do
cons. 6j...+ 101
1014
Colnm. A Xenia, 1st m. 7s. ’ao 110
Dayton A Mich. 1st m. Ha
7s. 9U4
*81+*
do
2dm.7s,’84.i
3d m. 7s, ’88i
do
Dayton A West, lstm.,’61...t
do
1st m., I905.f
.4
«1H
^
m
do
1st m. 6s, 1903
Ind. Cin. A Laf. lstm.7s....f
do
(I.AC.) lstm.7s,’88|
Little Miami 6s, ’83
.|
Cin. Ham. A Dayton stock.. a
Columbus A Xenia stock
1014* ioa
1/iX
105
105
112
1100
1004
100
103
04
104
05
125
Dayton A Michigan stock.... 55
do
8. p.c. st’k, guar 133
55
LSI
Little Miami stock
1121
Pennsylv., 1st m., 6a, cp., ’80. 1024
do'
gen. in. 6s, cp., 1910. 124
do
gen. m. 6s, rg., 1910. 123
do
cons. in. 6*, rg., 1905 118
do
cons. m. 6s. cp., 1905. 1154
U94
do
Navy Yafd 6s, rg.’bl
i074
20
10
_
m.,6s,rg.,1923 115 j....
6s,ep.,19i31144 110
Little Schuylkill, 1st m.7s’«i‘
North. Penn. 1st m. 6s, cp.,*85. 108
do
2d ra.7s,cp„’96. 120
do gen. m. 7s, cp., 1903.! 120
1906
10
44* 45
0
84
484
112*4
do
7s, 1905 +
do
2dm. 7s, *851!
Cin. Ham. A Ind., 7s, guar, .t
f
Cin. A Indiana 1st m. 7s
do
2d m. 7s, *77. A
-
do
8orlp
Pa.AN.Y.C.A BK.7s,l89o.... 120%
184
Balt. A Ohio 6s, 1885,A.AO. .. 109
N. W. Va. 3d m.,guar.,’85,JAJ 107
113
Plttsb.A Connellsv.'iS.’Ho.J &.J 121
124
Northern Central 6s, ’85, J AJ 110
113
do
6s, 1900, A.AO. 114%, 117
do 6s,gld, 1900, J.AJ. iu 1.
Cen. Ohio 6s, 1st m.,’90,M.A 8.11114 1124
W. Md. 6s, 1st in.,gr ’90,J.AJ. 117
do
1st m., i890,
A J — 112*
do
2d m.,guar., J.AJ
117
2d m., pref
do
iio
107
do 2d m.,gr. by W.Co.J&Jjiio
do 6s, 3d in., guar., J.A J.’1214
Mar. A Cin. 7s, *92, F. A A ... 120
do
85
85*
2d, M. A N
do
8s, 3d, J.AJ
404 40J
Union RR. 1st, guar., J. A J.. 1164
do
Cam on endorsed. 1154
#
con.
....
183
120
117
150
8
BONDS.
.
i*l*8
1*0
102
.
118
124
CINCINNATI.
....
do
do
railroad stocks.
Par.
Balt. A Ohio....
..100
r.o
1st prt f
do
2d pref
do
Wash. Branch.1U0
do
Parkersb’g Br..50
Northern Central..
50
Western Maryland
50
Central Ohio
50
Cincinnati 6s, long..
t<
7s.
do
t
do
7'30s
t
do
South. RR. 7‘308.1
do
do
6s, gold, t
Hamilton Co., O., 6s. long...t
ao
7s, 1 to 5yrs..i
7 A i'30s, long.f
do
Cln.A Cov. Bridge st’k, pref.
Cin. Ham. A D. cons.6.s, 19 5 +
90
2d m. 7s, gold, '95. 109
2d m. f '.scrip g.,7s
3d m. cons. 7s/95#. 05
IthacaA Athens 1st g d, 7s.,’80
Junction 1st mort. <K ’82
do
2d mort. 6s, 1900
Lehigh Valley, 1st,6s, cp.. 1896 120
do
do reg., 1893...'120
do 21 m. 7s, reg., 1910.. {—
|U0%
117
120
J.
...
....
116
110
117
118
117
'117
5*, 19.6, new......
Norfolk water, 8s
RAILROAD
Pennsylvania
Schuylkill Navigation
0s, 1900, Q—J
68,1902, J. A J....
Pittsburg A Connellsvllle..50
37
364
Morns
do
pref
do
do
do
do
...
60
181
6s, 189J, quarterly...
6s, park, 1390, Q.—M.
6s, 1893, M. A S
6s,exempt,’93.M. AS
do
do
..
Philadelphia A Erie—
Pnlladelphia A Reading
Philadelphia A Trenton...
Phlla.Wilming. A Baltimore
Pittsburg Tltusv. A Buff
do
pref.
do
594
*734
pref
Fort Scott A Gulf, pref
1:7
v
100
115'<
iw4
...
00
96
...
gen. m. 7s, reg., 190*
Oil Creek 1st m. 7s, coup.,’81.
do
1004
...
.
m..6s.g..l905
06
rg./86 82
cp.,’78. 04
iio
Lehigh Navlga. m.,6s, reg.,’84 100
...
do
mort. RR., rg ,’97
118
..
do in. conv. g., ri-g.,*94
railroad stocks.t
do mort. gold, 'vl— 108
108*
Camden A Atlantic
25
do cons. m.7s, rg.,1911 1104
pref
no
do
324
Morris,
boat
loan,
1885..
reg.,
14
Catawls8a
....
■9*4
do
pref
494 504 Pennsylvania 6s, coup , '.910.. 103
104
Schuylk.
Nav.lst
rn.6s.rg.,*97^
do
new pref
474 484
do
2d m. 6s, reg., 1907 79
Delaware A Bound Brook.... 108
70
do 6s, boat Acar.rg.,1913
East Pennsylvania
70
do 7s, boatAcar,rg.,l9;5
Elrnira A Williamsport
34
Susquehanna 6«. coup.. .9.8 .*
do
pref.. 52
do
BALTIIHOHE.
Har P. Mt. Joy A Lancaster.
Maryland 6s, defense, J.A J.. xl06
Huntingdon A Broad Top...
84
xl07
ao
6s, exempt, 1887
do
do pref
13
134
do
6?, 1890, quarterly.. xl07
Lehigh Valley
56* 57
100
do
5s, quarterly
Little Schuylkill
52j*; 53
Baltimore 6s, 1S81. quarterly 107
JilnehlU
S3
112
110
do
6s, i886, J.A J
Nesquehoning Valley
.'5 j 5d
Camden County 6s, coup
Delaware 6s. coupon
Harrisburg City 6s. coupon
do
1424 143
....
cons.
Rio Grande D v..
do
lnc.A 1. gr.,7s 1915
Union A Tltusv. 1st m. 7s. ’9C.
United N. J. cons. m. 6s, 94..
Warren A F. 1st m.7s,’96
West Chester cons. 7s, ’91
West Jersey 6s, deb.,coup.,’8*
do
1st in. 6s, cp.,’96.
do
1st m. 7s,’99.
do
con*. 0s, 1903
W. JereeyA Ati.litm 5s, cp.
Western Penn. Rli. tfs.cp.’dl.
do
6s P. B.,’96.
Philadelphia, 5s
N. Jersey 6s, reg.and
do
exempt, rg.
108
Texas A Pac. 1st in
108*4
5s,reg. A cp.,1913.
6s,gold.reg
7s,w’t’rln,rg.Acp.
mort., 7s, 1892-3
cou.,1W|
07
lo
do
7s, 1893*
.
18)7...
294 Phila. Wilm. A Balt. 60. ’84..
PItts.Cln.ASt. L. 7b,
&
do
do
7a, reg., 19 *
Shamokin V.A Pottsv. 7s, 1901
Stenbenv. A Ind. 1st, 6s, 1884,
Stony Creek 1st m. 7s 1907...
8unb. Haz. A W.,tst m..5s,’2-i,
Sunbury A Erie 1st m. 7s, ’97
STATE AND CITY BONDS.
Penna. 5s, g’d, int.,reg. or cp
do
5s, cur..reg
do
5», reg.,
do
5s, new, reg., 1392-199-c 110
do
68,10-15, reg.,H77-’82.
do
6s, 15-25. reg.,l882-’92.
6s. In. Plane, reg.,1871*
do
do
6s, 1908
’
122
PHILADELPHIA.
Pittsburg 4s,coup., 1913.....
conv.
do
7s, coap. off, *93
Ph 11. A li. Coal A iron aeb. 7s,92
do
deb. 7s. cps.oft
127
121
Worcester A Nashua
7s, cp..l9il
do Imp. m. 6s g.,
23
'29
.
cons. m.
do oons. m. 7s, rg..l9li..
do cons.mJs^.1.1911
106
do
pref..
Old Colony
Portland Saco A Portsmouth 103
Pull ma t Palace Car
Rutland, preferred.
Vermont A Massachusetts
•lcvBmss,
Phi). A R.
*41
Northern of New Hampshire
147
Norwich A Worcester.
Plttsb. Tltusv. A B., 7s, cp.,*96
Boston A Maine
Boston A Providence
•034
Passumpslc, 7s, 1897.
100
125
Nebr. 6s
Eastern,Mass.,4^s,new.
Fitchburg RR., 6s
do
7s
117
STOCKS.
124*
6s
do
Boston A Lowell 7s
do
6s
Boston A Providence 7»......
Burl. A Mo., land grant 7s
117
do
Nebr.Ss
Ex 111
do
Conn. A
Ask.
....
,1254 Atchison A Topeka
Boston A Albany.
1164
Boston A Lowel1
ii8k
Albany 7s
Bid.
8KCX7BITI8S.
Vermont A Mass. RB. ,6s
Vermont A Canada, new as..
do
2d 7s
clo
land Inc. 8s..
Boston A Maine 7s
I
Old Colony, 0s
1234 Pueblo A Ark. Valley, ?s
Rutland 6s,1st mort
BOSTON.
Atch. A Topeka 1st m.7s
do
land grant 7s
Boston a
"09*
Mar. Hojgh. A Ont.. pref...
NahsusA Lowell
140
New York A New England... 43*
..
Loans.
i
Sept. 13.
Oct.
Dec. *0,747.500
Deposits.
2,843,500
2,982,800
2,875,300
2,745,400
2,713.000
61.220.900
2,896.900 *100.464.500
3.077,900 *101,572,500
3,015,500 * 103,529,300
2.964.700 *102,845,300
3,012,300 *99,550,300
145,099,500
146.721.200
145.700.700
“
:
series of weeks past:
146.749.700
146,074,800
145.506.500
27..
4..
11..
“
18..
“
25..
Nov. J..
“
8..
follows
are as
Banks.—The following are the totals of the Boston
a
Loana.
%
1880.
previous week
Dec.$l 1,741,900 | Net deposits
Dec.
601,400 I Circulation
Inc.
543.20C i
Specie
banks for
returns of
Ask.
...
224.700
810,000
293.959.2'Ki' 53.933 200 12.579.000: 286,385 200 13.485 200
The deviations from
Bid.
LOUISVILLE.
Louisville 7s
do
do
do
do
do
do
do
t 1004 1104
105
JOS
104
6s,’82 to *87
104
6s, *97 to *9'<
104
water 6s,’87 to *89
water stock 6s,’97.f 104
104
wharf 6s
.X
spec’l tax 6s of ’891 104
water 6s, Co. 1907 t 108*
54
do
Jeff. M.Al.lstm. (1AM) is, 811
do
2d m., 7s
1
1st m., 7s, 1906....t
do
Loulsv.C.A Lex. 1st m.Ts/97*
Louis.A Fr^k.,Loulav.ln^s,’81
Louisv. A Nashville—
Leb. Br. 6s. *86
*v.-***f
1st m. Leb. br. Ex.
Lou.In.
do
6a, 93...t
Jefferson Mad. A Ind. stock,
t ai»<i interest.
■
7a,*p85.t
102
100
105
105
105
106
100
ibi
1074 108
114
W04
104
105
105
104
100
103
105
106%
THE CHRONICLE.
648
[VOL. XXXt
QUOTATIONS OF STOCKS AND BONDS IN NEW
U. S. Bonds and active Railroad Stocks are quoted on a previous page,
Bid.
Alabama—Class A, 2 to 5 ...
Class A, 2 to 5, small
Class B, 5s
ClassC, 2 to 5 .....
Arkansas—6s, funded
7s, L. Rock A Ft. Scott iss.
7s, Memp. A L. Rock RR .
74
93
88%
20
9
9%
8
8
8
?6,s, L.
RP.B.4
RR.
Miss.
O. A R. N.
R. O.
RR...
7s, Arkansas Cenural
Connecticut—6s
RR.
7s,
107%
107
Georgia—6s
111%
new
7s, endorsed
7s, gold
Louisiana—7s, consolidated
Michigan—6s, 1883
7s, 1890
111
115
54%
1( 5
1 IS
Ask.
SECURITIES.
Bid.
73
Missouri—6s, due 1882 or ’83
68, due 1886
105
no
no
110
.
.
6s, due 1887
6s, due 1888
25
6s, due 1889 or ’90
Asylum or Univ., due ’92.
32
Funding, 1894-95.'.
Hannibal A 8t. Jo., 1886..
do
do
1887..
....! New York—6s, gold, reg.,’87
....!
6s, gold, coup., 1887
6s,loan,1883
....1 6s, do 1891
6s, do 1892
.I
I
6s, do
1893
North
old.JAJ
Carolina—6s,
55%1
no
6s, old, A.A O
•
*
*
•
j
....
,
115
§143
I. & M\ 1897
I. A D., 1899
C. A M., 1903
Con. sinking fund, 1905...
2d mortgage, 1884
1 st m., 7s, 1.4 D.Ext.,1908
3.-west div., 1st 6s, 1909.
1st 5s, LaC. & Dav., 1919.
1st So. Minn. div. 6s, 1910.
Ist m.. H. A D.. 7s. 1910...
Chic. A Pac. div.. 6s, 1910..
Chic. A Northw.—Sink. f’d.
ist m.,
ist m.,
1st m„
§48%
67^
517 >4
Central Iowa
| ....
do
1st pref
do
2d pref
Chicago A Alton,pref
§147
Cin. Ind. St. L. & Chic
1125
Clev. A Pittsburg, guar....
Dubuque A Sioux City
Frankfort A Kokomo
rn
Consol, bonds
Extension bonds
1st mortgage
Coupon
Memphis & Charleston
Metropolitan Elevated
110k 112
N. Y. Elevated
119% 121
N. Y. New Haven & Hartf. §173 I
N. Y. Ontario A West.,pref. §>•0 !
Peoria Decatur A Evansv..
§25 %
Pitts. Ft. W. & Chic., guar.
do
speci.
do
Pitts. Titusville A Buffalo..
Rensselaer A Saratoga
Rome Watertown A Ogd...
§ 27 kj
St. Paul A Duluth
do
pref.
do
•
St. Paul Minn. A Man
...
...
...
§35k;
Registered gold bonds. ..
Sinking fund
do
registered..
Iowa Midland, 1st m., 8s..
Galena & Chicago, exten.
112
115
no
no
Funding act,
*
»7
104
114
115
118
do
*
-
*
i860
1868
New bonds, J. A J
do
A.AO
Chatham RR
-
•
.
*
•
.
«
•
•
•
•;
•
Special tax, class 1
class 2
do
class 3
do
Consol. 4s, 1910
Small......
;.....•
-
32%
32%
Ohio-68, i881
6s, 1886
115
115
90
90
52
12
20
20
3
5
5
5
83
80
100
107
1
Bid.
Rhode Island—6s,coup.’93- 9
South Carolina-
120
68, Act Mar. 23, 1869.)
i
Non-fundable
#
#§
.
-
....
..
...
Registered
Funding 5s, 1899
do
registered
.
-•!
N. Wise.. 1st M.,
6s., 1930..
I
53k |
113
71
53
§2%|
1st
m
2d mort...
do
do
do
do
do
bonds, 1900
constructs
7s of 1871.
1st con., g’d..
Del. A Hud.Canal—lstm.,’81
1st mortgage, 1891
extended .
Coup., 7s,’94
Reg. 7s, ’94.
do
do
do
1st Pa. div., coup., 7s. 1917
do
reg., 7s. 1917 .
§5
Albany A
Susqueh., 1st m.
2d mort
do
do
..
127
liO
US’
s
Dec. A
59%
89%
Sp’d, 2d Inc.
8i
.
09%
r
r
MoblleA O—1st
86%
51%
pref. deb<
2d pref. debentures
3d
do
4th
do
do
1st m.,7s, reg—
N. Y. Elevated-lst, 7s. 1906
N.Y.Pa.AO.,prior lien 6s,'95
Nevada Central—1st m. 6s.
Ohio A Miss.—Consol. 8. f’d
Consolidated
t
2d consolidated..
u
1st m., Springfield div ....
r Ohio Cent., 1st m., 6s, 1920.
1
do Ist Ter’l Tr.,6s,1920
Peoria Dec. & E’ville. 1st 6s
Evansv. div.,1st 6s, 1920..
* Pacific Railroads—
.
■
|
t
r
!
...
J!
....:
til's"j III’
122
*107)4! 108%
ink;
114k
119%
i
115
...
122
••
100
San Joaquin Branch....
Cal. & Oregon, 1st
State Aid bonds
Land grant bonds
Western Pacific bonds..
South Pac. of Cal.—1st m.
Union Pacific—1st mort..
Land grants, 7s
j
1U1%!
107
67%
<.
.
+
,Chic.A Can. So.—1st m.,g.,7t
105
60
120
Cin.
102
93
60
2d mortgage
74
108%
117%
*10!kj
105k
87
|
106
70
125
108
....
105
110
.
,
,
108
100
20
HS*
125
112
95
66
78
33%
2d mort.
113%
102k
104
98
71
115
106
90
88
Indianapolis A St.L.—1st, 1
ii9k
do lst6s,Peirce,CAO
do Equipm’t 7s, '95
South Pac. cf Mo.—1st m.
Texas A Pac. —1st, 6s, 1905.
•
.
104% 105%
•Chic. A E. Ill.—8. F.riy 190”
:Chic.A Southwest.—7s, guai
!
86%
•
RAILROADS.
Bost. A N.. Y Air-L—1st m
106k!
84%;
.
92
(.Brokers' Quotations.)
Consolidated 8s
ll^k
Stock
102%! 102%, Galv. Houh.A II.—7s, gld,’
115%' 11 Off
U4ki 115%
1st, 7s. Id. gr., not guar..
121%-122%.
1st, ex. 1. gr.,7s
119
St.L. A S.F\,2<1 6s.class A.
do
3-6s, class C.
do
3-6s. class B.
.
Miscellaneons List.
”!! iris '!
102
•
•
76%
..
11 Ik
122
•
74
.
.
i
86%
53%
59%
.
Lafayette A Ch.—1st ir 103
110
Cin.A Spr.-lst, C.C.C.AI.,7i
115
1st m.,g’d L.8. AM.S.,7s
Erie A Pittsburg—1st m., 7i +100
105
Con. mortgage, 7s
90
....
7s, equipment....-—... .
...J
103
i
...
115%
Kansas Pac.—
1st m., 6s, ’95, with cp.ctfs
1st in.. 6s, ‘96,
do
Den. Div. 6s ass. cp.ctf...
do
1st consol. 6s
Pacific RR. of Mo.—ist m.
2d mortgage
—
....
••
.
'
...
..
122k'
U 5k
102%' 103
1102
101% 105
#
68
59
Ohio Central—Inc., 1920...
Peoria Dec A E’vil'e—Incs
Evansv, div. Inc. 1920
St. L. I. M. AS.—1st 7s.prf.int.
2d int., 6s, accum’lative
100%
100%
118% ii9%;
118>41
f
•
83
57
*70
135
117
Central Pacific—Gold bds.
Sinking fund
Registered, 8s
Collateral Trust, 6s
134k 137
116k 118
132
t
70
37%
.
j
•
94
68
67h
r
1
•
•
•
•
T
107%
10 Ik
||
107k
•
74
.
,
....
•
•
Laf. Bl.A Mun.-Inc. 7.18
13*0~
...
17%
.
....
115
122
116
75%;
32
15
104
104
f
112
.
47k
f
109% no
.
47%
47%
74%
,.
i
6
50
AND BONDS.
...
.
St. P.A Sioux C. 1st 63.1919
Del. Lack. A W.— 2d mort.
..
....
128
130
5
f
.
e
•
30
30
30
105
T
t
Ash.
48
>'
Tennessee—6s, old
6s, new
6s, new series
' Virgina—6s, old
6s, new, 1866...
6s, new, 18671
«
i
6s, consol, bonds
5k
6s, ex matured coupon....
5%
6s, consol., 2d series
85 i
6s, deferred
D.of Columbia—3’65s, 1924.
122% 124 i
Equipment bonds
122k 123%
6s, 1909
Mo.K.&T.—Cons.ass..1904-6 111%! 112
122k
123
75%' 75%’
2d mortgage, inc., 1911 —
1 8% 110
124
l
H. A Cent. Mo., 1st., 1890.
*104
Mobile A Ohio—New m., 6s. 104% 106
16%
Nash. Chat. A St. L.—1st 7s
122k 124
104 k
N. Y. Central—6s, 1883
107k
112
98
98k
:.
6s, 1887
108
*104
io8%;
6s, real estate
*104
118
6s, subscription
N. Y. C. Aliud., 1st m.,cp. 136% 137
108%
112
1st m., reg 136%
do
105%;
Huds. R., 7s, 2d m., s.f.,’85 109
102%
Canada South., 1st, int. g.
133% 1
135
112 |
Harlem, 1st m., 7s, coup.. 132
..
j
STOCKS
Mich. Cent.—Cons., 7s, 1902
1st mort., 8s, 1882, s. f
....
119
! 65
69k!
§29
35
«
•
104
125
Peninsula. 1st m., conv...
*.... 125
Chic. & Mi!., 1st
*108
Winona A St. P., 1st m. ..
*119
2d m —
do
126
C. C. C. A Ind’s—1st, 7s, s. f.
118
Consol, mortgage
*110
C. St.L.A N. O.- Ten. lien 7s
116
1st con. 7a
104
C. St. P. Minn. A O’aCons.Os.
10
8k
! Ch.St.P.A Mm.,1st 6-.191b
105
Morris A Essex,
118
63
52
112
•
no%
11
gold bonds
7s, convertible
| Mortgage 7s, 1907
Syr. Bit gh. & N. Y., 1st, <s
§43
Miscellaneous St’ks.
Adams Express
American Express
United States Express
Wells. Fargo & Co
American Coal
American Union Telegraph
Boston Land Company
Boston Water Power
Canton Co., Baltimore
Caribou Consol. Mining
Central Arizona Mining....
Central N. J.Land Imp
Climax Mining
Colorado Coal A Iron
Consolidation Coal of Md..
Cumberland Coal A Iron....
CumberCd A Elk Lick Coal.
Deadwood Mining
Excelsior Mining
Homestake Mining
La Plata Mining
Leadville Mining
.
SECURITIES.
IS*
Int. bonds
Harlem
Ind Bloom. A Western—
§4i %
Intern’l A Gt. Northern — §50
Keokuk A Des Moines
§12)4
do
do
Dref. 5x43
25
Long Island
Louisv. N. Alb. & Chicago.. §43
Stonington
Terre Haute A Indianapolis
Texas A Pacific
United N. J. RR. A Canal ..
N. Carolina.—Continued..
No. Car. RR., J. AJ
do
A.AO
do
coup, off, J. A J.
do
coup, off, A.AO.
?
ITHSCELLANEOUS
AND
Ch.Mil.A 8t.P.—Continued.
1st m., 7s. $ g’ld,R.D.,1902
1st m., La C. I)iv., 1893.. ..
Hail road Stocks.
Atchison Top. A Santa Fe.
Boston A N. V. Air L., pref.
Burl. Cedar Rapids & No...
Cedar Falls A Minnesota...
.J
t
Ask.
Bid.
SECURITIES.
....
RAILROAD
(AcUce previously quoted.)
Albany 6* Susquehanna....
Ask.l
*
Prices represent the per cent value, whatever the par may be.
BONOS.
STATE
SECURITIES.
FORK.
ill
80
73
10
5
45
13
85
do
2d mort*.
Midland of N. J—1st,
Income, “ A ”
“ B ”
do
N.Y.AGreenw. I,.—1st, s,n,
do
2d
2d mortgage
St. Jo. A Western stock.
36
15
.
113
85
74
17
7
50
17
88
40
18
122
108
t
123k1
1st con., guar
2d mortgage, guar
.
Consol. 6s, 1905
Rens.A Saratoga, lst.coup *127
South Side (L. 1.)—1st mo t 103 1105
76
75%
....
Income
grit.
and
land
reg.
106 'no
do
1st. reg.
Union A Logansport—7s..
96
1st Rio Gr, Div., 6s, 1930.
Denv.A R. Grande— 1st, 1900 no% n'i%
do
1st cons. 7s. 1910 uokjiioki Pennsylvania RR—
6k
Chic., 1st m. 135 !
Den. S. P. & Pac.,1st 7s,1905 105
529
105k; Pitts.Pt.W.A
do
do
2d m.. 120
(brokers' Quotations.)
Erie—1st
mort.,
extended..
§9
”".110
do
do
3d m.. 122
2d mortg., ext’n 5s. 1919.
STATES.
*....
127k
108%
no
Cleve.A
Pitts., consol., s.f.
3d mortgage, 7s, 1883
Little Pittsburg Mining ...
304
) 100
§2%
....107
do
4th mort... *113 jllS
4th
Ext.,
5s.
1920...
mort.
Mariposa L’d A Mining Co..
Brown cons
no
104
il09
Chic.
A
I.
C.,
1st
con..
Col.
oth
7s.
1888
mortgage,
—
do
do
pref.
no
+106
con...
do
2d
1st
cons,
7s,
gold
1920
20
23
Maryland Coal....
ilk0
+114
7s, gold, 1892-1910
do 1st Tr’t Co.ctfs.ass. *103%
Long Dock bonds
118 1119
Montauk Gas Coal
§32
118
H15
do
do 2d
ass.
Buff. N.Y.A E, 1st m., 1916 *122
N.Y.AStraitsvilleCualAIron
50
4914
10-40s
104%;
105%'
Virginia—New
98%
do
1st
do
j
suppl
N.Y.L.E.AW.,n.2d,con.,6s
N.Y.&Texas Land, limited
120
29%;
1126
....j
Coupons.
do
f,
St.L.
1st
g.7s,r97
1st,
con.,
cp.,7s
Va.&T.H.,
Ontario Silver Mining...
!33k
20
do
2d 7s, 1898
Tennesssee State coupons.
do 2d,con.,f.cp.,os.0s
Oregon Railway A Nav. Co. §131k!
ijSo. Carolina consol., valid. 103 106
do
2d gtd.7s, ’98
Gal.
Har’g
A
S.Ant’o.
1st
«s,
Pennsylvania Coal.
20
15
Virginia coupons
75%
Rome Wat. A Og.—Con. 1st.
1st La Grange Ex .6s,1910 *102
Pullman Palace Car
120
do
consol, coupon-*..
92
90
102%’103
St. I/. A Iron Mount’n—1st m 117k
2d mortgage, 7s. 1905
12
13
Quicksilver
109 ; 112
105% 106
2d mortgage
lian. A St. Jos.—8s, conv...
RAILROADS.
do
49
pref
106
107
113k
Arkansas Br., 1st mort
Hous.ATex. C.—1st, m.l.,7p
Bllver Cliff Mining
112
111% Hl%. Ala. AChat.—Rec’rs ctfs.var
114
Cairo A Fulton, 1st mort
1st mort., West. Div., 7s..
Standard Cons. Gold Mining *22
111
105% 106
Atlantic A Gulf—Consol.... +107
Cairo Ark. A T., 1st mort.
1st mort., Waco A N., 7s« *113 !
Stormont Silver Mining —
§3%
115
Cent. Georgia—Cons. m.,7s 115% 117
St. L. Alton A T. H.—1st m. •112
2d C., Main line, 8s
308
109
^ 2d mortgage, pref....
Railroad Bonds.
2d Waco A N., 8s
no
98
Charl’te Col.A A.-i<k)ns., 7s 109
*91ki
do
Income.
Stock Exchange Pr ices.
Inc. and ind’y, 7g
i
118
99%.
100%
2d mortgage, 7s
Belleville A So. Ill., 1st m.
Bait. A O.—1st 6s,Prk.b.l919
Ul.Ccnt.—Dub.ASioux C.lst
42
43
112
Stock
45% 45%;
St. P. M- A Manit’a— 1st, 7s. 111
Best. H. A Erie—1st m
Dub. A Sioux C., 2d div...
98
102
101
East Tenn. A Georgia—6s..
113 11120 ;
*44
2d mort., 6s, 1909
1st mort., guar
Cedar F. A Minn., 1st m..
102
98 % 98k1 Ind. Bl’m A W.—1st, pref. 7s *119
E.Tenn.A Va.—6s,end.Tenn 100
Bur. Ced.R.A North.—1st,5s
j ... ■ Tol.Peo.AW.116
E. Tenn. Va. A Ga.—1st, 7s. 115
....j 79% Pur. Com. rec’pts, lst,E.D 148
Minn.A 8t. L., 1st, 7s, guar *105
1st mort., 7s, 1900
70
78
143
Stock
Iowa City A West’n.lst 7s *106
2d mort., 1909
....; 69 j 1st mortgage, W. D..
105
107
105k
Georgia RR.—7s
Burlington Div
Ind’s Decatur A Sp’d 1st 7s
Central Iowa, 1st m.?s, 1899 112
106
6s
1st pref. inc. for 2d mort.
Int. AGt North. 1st 6s,gld. 106 I
Chesap.A O.—Pur. m’y fund
115
119
Stock
••*•»••«•••»•«•
L. Shore—M.S.& N.I., s.f.,7s 109 jl09k
lstpref. inc, for consol...
6s, gold, series B, int. def.
77
95
Greenville A Coi.—7s, 1st m. 104
•‘111% Wab.St.L.AP.,gen.,6sl920..
Cleve. A Tol., sink. fund..
6®, currency, int. deferred
45% 45-)i
104
Wab. RR.—Mortg. 7s of ’79. *100%
7s, guar
do
new bonds. *107
Chicago A Alton—1st mort. * 122
100
'll 1
rll4
Macon A Aug.—2d, endors
106’
T.AWab., 1st ext.Ts,
Cleve. P’ville A Ash., 7s
Income
no
i08%'H0k MemphisA Cha'ston—1st,7s 104
1st St. L. div.7s,ex mat.cp.
Buffalo A Erie, new bds... *122
Sinking fund
*109
102
108
108
2d. 7s
2d mortgage ext., ex coup 107
Buffalo A State Line, 7s..
Joliet A Chicago, 1st m.
41
43
1 40
100"
Stock
Kal’zoo A W. Pigeon, 1st.
Louis’a AMo., 1st m.,guar *H5
Equipment bonds, 7s, I860
102
106
109 jl09 t Mississippi Cent —1st m. 7s,
106
do
2d 7s, 1900.
Consol, conv., 7s
Det.Mon.A T., 1st, 78.1906
no
;
112
114
2d mort., 8s
Gt. Western, 1st m., ex cp
8t. L. Jack. A Chic.. 1st m. 115
Lake Shore Div. bonds...
130
107
107%; 108
Miss. A Tenn.—1st m., Ss, A
do 2d m.,7s,*93,ex cp
130/s
do
cons, coup., 1st
Miss.Riv. Bridge,1st.s. f,6s
+110
114*
ii
i’
127
1st
128
mortgage, 8s, B
do
....; 108
cons, reg., 1st.,
Chic. Bur. A Q.—9 p.c., 1st m
Q. A Tol., 1st,
’90,ex cp.
112
135
123
N. O. A Jacks.—1st m.t 8s...
130
....,
III.A So. Ia., 1st m.Ts.ex cp *102
do
cons, coup., 2d.
Consol, mort., 7s
A
123
104
...! Certificate, 2d mort., 8s...: 112 1116
Hannibal A Naples, 1st <s *102 !
cons. reg.. 2d .
do
5s, sinking fund
3
II
109
130
*...112% Norfolk A Petersb.—1st, 8s
St.L. K.C A N.R. E.A R.,7s
Louisv. A Nash.—Cons.m.,7s 120
Chic. Rk. I.A P.—6s, cp.,1917 128
103
*105
1st mortgage, 7s
*125
128
Omaha Div., 1st mort., 7s 315 ,121 i
2d mort., 7s, gold
105%;
5s, 1917, registered
HO
95
I
97
!
2d mortgage, 8e
*105
Clarinda b., 6s, 1919
Keok.A Des M., 1st, g., 5s. *99%
Cecilian Branch, 7s
103
St.Chas.B’dge.lst, 7s, 1908 102% 104 ! Northeast., 8. C.—let m., 8s. 125
N.O. A Mob.,1st6s. 1930..
104%
Central of N. J.—1st m., ’90. n9k
115
North
Missouri.
1st
m.,
E. H. A Nash., 1st 6s, 1919 *98%
7s 123%)
..J 2d mortgage, 8s
1st consolidated
106
....’ Ricb.A l>an.—1st ccnsol-,6s
102' West. Un. Tel.—1900, coup. 115
113 Jll3%
do
assented.
Gen. mort 6s, 1930
115
Southw. Ga.—Conv ,7s, ’86. 107
Naahv. A Decatur, 1st, 7s. *115%
Convertible
1900, registered
109
no”
Stock
assented
do
nik 112% L. Erie A West.-1st 6s, 1919 107%
Spring.V’yW’. Works—1st 6s
no
8. Carolina RR.- js m., 7s. 105
112 ,113
Laf. B1. A Mun.—1st 6s. 1919 105
Adjustment, 1903
Oregon R. A Nav.—1st, 6s..
9
u%
97
Stock
INCOME BONDS.
Manhattan Beach Co. 7s, *99
Lehigh A W. B., con., g’d.. 128 1135
90
100
94
do
assent’d *103% 104% N Y. A Man. Beach 1st 7s, W *106
Central of N. J.—1908
7s, 1902, non-enjo ted
40
44
S3
117
Non-mortg. bonds
Chic.St.L.AN.O.-2d m. 1907
Am. Dock A Impr. bonds, 122k; —'Marietta A Cin.—1st mort..
58' West Ala.—1st mcr:.,8«.... 114 116
57
do
assented 122 il24
| 1st mort., sterling
Col.Chlc.AInd.C.,inc.7s,1890
Hi
116
88
2d mort.. 8s. gua .*
Cent. Iowa coup, debt certs.
Chic.MilA St.P.—lst.8s.P.D 133 133 J Metropolit’n Kiev—lst.1908 104% 105
103
106
Western 'S.C.—1st m.. 7s...
*92%
C St.P.A V’« T.. Gr..In.6s.*98 lift"
8d mort.. 73-10. P.D..1R98 123% 126
do
2d 6s. 1809
II
38
j
.
....
...
.
...
.
1105 i
.
.
•
....[
Vast-due
....
....
j1IS
””j
tiii’i ”!'J
...
....
•
•
•
■
..
ts,
I
.
j ....j
107%:108%
•
...
*
Prices nominal.
+ And accrued interest.
* No prioe to-day; these are latest quotations made tills week.
t No quotation today; latest sale this week.
649
THE CHRONICLE.
18,1880. J
December
NEW YORK
LOCAL
SECURITIES.
Bank Stock List.
Capital.
Companies.
are
not
2 * Amount
Navi.
100
Am. Exchange 100
100
Bowery........
25
Broadway
Butchers’* Dr. 25
100
Central
100
Chase
25
Chatham
100
Chemical
America*
Citizens'
City
Commerce
Continental....
Corn Exch’ge*.
latest
dates. $
Jg
Mark'd thus (•)
Period 1878. 1870.
3,000,000 1,579.700 J. A J.
5,000,000 1.524,400 MAN.
8
...
.
3,000,000 1,G78,0j0 i f. A .1
70.900 J. A J.
100
100,000
Nassau*
73,700 VI.AN.
100 i ,000,000
New l'er*
747,706 I.A.J.
100 2,000,000
N. Y. Couiitv.. 100
40.100 J. A J.
200,000
N. Y. N. Lxcti. 100
84.400 F. A A.
300,WO
100
..
750,000
Ninth
100
No. America*.. 70,
North River*.
Oriental*
.
Pacific*
Park
People’s*
Phenlx
Produce*
Republic
8t. Nicholas...
Seventh Ward.
10
10
0
7
3
0
aoo
6
10
8
700,000
240,000
300,000
50
422,700
100 2,000,000
251 412,500
20 1.000,000
50, 125,00
100 1,500,000
|
100.
*
300,000
Second
tool 300,000
Shoe * Leather 100, 500,000
Sixth
100; 200,000
State of N. Y.. 100: 800.000
Third
100 1,COO ,000
Tradesmen’s...
Onion
West Side*
Capital.
40(1,000,000
50|1,200,000
200,000!
100i
162,460
158.900
66.310
175.700
■).&.).
I. A J.
J. A J.
I. A J.
226.500
Q-F.
63T.9U0 J. A J.
122.900 J. A J.
206,000 J. A J.
10
0
f*
3
6
7
14
8
3
11
8
7
14
8
"8
7
3
"7
V*
8
2
4
3*
*0
0%
10
12
5
7
8
8
”8
J17,7o0; I. A J.
8
8
10
6
7
7X
8
80.
’80.
'80.
’80.
"80.
’70.
’80.
American
In y,
25
25
IV
Citizens’
1 20
70
City
;
Clinton
100
Columbia
30
Commercial
50
Continental., t 100
40
Kagle
Empire City.... 100
30
Exchange
i 7*7*4
4
150
98
3
3
Farragut
July,
Aug.,
Ju y,
Firemen’s
Firemen’* Tr..
May, ’79.
S3
110
Juy,
July,
July,
2*
4
145
76
3
192)4
f* 101
131
100
3
’SO. 8)4
’80. 5
’8'). 3
’80. 3 100*
'80. 4
’80. 4
’80. 3)4
’80.
’80. 3*
’SO. 8!4
'80. 4
Nov., '80. 2*
./illy, '81. 4
Ju y,
....
TO 8)4
’80.
154
io.3
5 The flguren in thin column are of date Oct. 1, 1886,
and of date September 18,1880, for the State banks.
99
141
150
July, ’80. 3)4
3
100
Nov.. ’80. 5
Ju/y, ’80. 0
118
....
for the National banks
City ffcallroad Stocks and Bonds.
[Gas Quotations by George H. Prentiss. Broker, 19 Broad street.]
-‘25
Brooklyn Gas Light Co....
Citizens'Gas Co
20
iBklyn)
bonds..,
do
1,C00
Harlem
50
20
50
100
V r.
100
Jersey City A Hoboken...
Manhattan
Metropolitan
do
certificates..
Mutual, N. Y
do
bonds.
Nassau, Brooklyn
do
.
1,000,000
5,000,000
1,000,000
25 1,000,000
Va
700,000
100 4,000,000
.
New York
10
People’s (Brooklyn)
1,000
.......
Williamsburg
Var.
50
50
do
1,090
....
bonds
100
100
Metropolitan, Brooklyn..
Municipal
do
bonds
Fulton M uo lei pal
'ioo
*
5
Nov.,’80
2)4 Aug.,’80
7
3
1898
Feb. ’78
J. A J.
1. A J.
i*
July, '80
MAS
Vf. A 8
5
315,000 A. AO.
1,850.000
750,000
4,000,000
2,500,000
1,000
...
scrip...
Bondi
Bonds
Central ot New York
Var.
1,200,000j Var.
,2,000,000
F.A A.
Quar.
3)4
D*
F.A A.
Var
2)4
M.AN.
Vf. AN.
1.000,000 /. A J.
375,000 VI.AN
125,000 M.AN.
466,000 F.A A.
1,000,000 Quar.
1,000,000 A.A O.
1,000,000 M.AN.
3,000,000
♦ 750,000*M. AN
/] 506,0001...
Bid. Ask.
108
59
100
S*
6
3
’80
1900
i” July.
*80
?* July,
Sept., ’80
67)4
101
61
155
1888
6
105
05
f
1st mortgage
Broadway & Seventh at.—St’k
1st mortgage
2,100,000! Q-J
100
1,000
1,500,000 J.AD.
' ‘ '
2,000,000 Q—F.
300,000 M.AN
200,000 Q-J.
1,000
1st mortgage
Broadway (Brooklyn)—Stock
Brooklyn A Hunter’s Pt.—St’k
..
1st mortgage bonds
Bushwick Av. (B’klyn)—Stock.
Central Pk. N. A E. niv.—Stock
Consolidated mort. bonds —
Christopher* Tenth St.—Stock
Dry Dock E.B.A Batt’ry—Stock
1st mortgage, consolidated ..
Eighth Avenue—Stock
1st mortgage—
4 2d St. A Grand St.
1,000
10
Brooklyn City—Stock
900,000 J. & J.
0W4.OOO.J. A J.
100
100
100
400,000 A. AO.
300.000 I. A J
1,000
500,000 J. A J.
100
100
1,800,000
1,000 1,200,000
100
050,000
250,000
1,200.000
900,000
1,000,000
—
2V) ,000
Houst.WestSt.A Pav.F’y—St’k
1st mortgage
Second Avenue—Stock
3d mortgage
Consol, convertible
Extension
Sixth Avenue—Stock
1st mortgage
Third Avenue—Stock
1st mortgage
Q- F
J.AD.
Q—J.
203,000 J. A J.
748,000 vt. AN.
236,000 A.AO.
600,009
Ferry—St’k
1st mortgage
Central Cross Town—Stock
1st mortgage
Q— J.
J.AD.
F.A A
J. A J.
,
m!an.
!
7
*105
;Oct.,TO, 95
|
1888
(102)4
2)4!Nov., '80j 90
2
Oct., '80 108
7
?*
3
7
3
7
0
7
Dec. 1902 110
Aug.,’80 75
1898
100,
100
110
165
Oct.
’80
Jan.. ’84 100
NOV., *80 170
Apr,, ’93 110
Nov., ’80
June, ’93
30
7
Nov.1904 103
30
1,366.888
2.244
150,228
74,418
11,179
292,229
197,196
7,817
115,730
07,097
12,480
30
7
17 Vi
10
10
20
10
10
10
1012
12
13
10 20
10
20 J
10
10
20
10
12
20
30
20
20
120,026
11
7
10
14
10
30
7
20
.1°
10
10
20
11.382
19,809 10
570,973
12
12.83! 11
20
409,080
95,537 20
201 ^ ‘30
98,1’.4 18
452,3 "7 20
3 4, IM 10
23,118 10
196,294 20
—6,010 10
170 3)1 12 :*5
i
v
135,014 17)$
3\182 10
143,3S2 10
91,805
20
221,374. 10
122,904 10
437/114 30
July, TO.
J uly. ’80.
July, TO.
July. ’80.
July, ’80.
July. TO.
July. TO.
J 'Jy. ’80.
‘uly. TO.
July, TO.
7)*
3
5
5
5
5
July.
15
12
•'July!
Ju.y,
5
12
8
20
12
3’i
'89.
VO. 7
Oct
’80. 4
July. '80.10
Ju y. ’80. 6
Juy. VO. 8
Jui
'80. 5
VO. 5
July ’80. 5
.
20
12
130
104
195
200
19)
180
120
60
100
190
210
10
10
11
10
20
5
TO. 5
Julv. ’80. 5
Aug., TO 5
1 • uly. TO 10
in y, TO
•
•
its#
•
•
•
w
200
125
HO
05
110
•
•
• •
1....
95
IOO
105
100
125
97
105
110
155
147
110
250
00
130
1*15
80
140
•
■
••
100
•
S
•
»
1*0
•••
•
•
•
p
115
70
136
...»
(X)
90
150
05
112
95
lbo
05
70
1 >0
190
55
105
97
75
141
200
1C
120
75
70
•
•
115
1)5
80
135
100
150
150
UO
10a
HO
80
125
120
160
120
115
155
pi5
150
105
50
....
....!
10>
115
60
10
158
110
220
112
180
103
!uly.
July.
•
•
120
80
*>)« July’ '80. 3* 70
20
155
Ju y' ’81) 10
50
10
Fe
• '80. 3
9-73 luly. •80.0-23 125
112
’80.
5
12
J u ly.
H)$ Au/ , ’80. m 75
10
10
1m
10
14
10
12
10
‘20
5
5
TO 5
July. ’80. 5
Ju y, TO. 4
Mir., •HO 5
Inly, VO. 10
laa.. ’79. 5
Ju y. ’80. 5
-ful>. TO. 5
Ju y, ’80. 4
July. TO. 5
July, VO. 4
Juiy, TO. 0
July. ’8). 5
July, *80. 0
Ju y. HO. 7
Ju y. TO. 5
luy, ’83. 5
’MO. 5
J uly. 80, 7
July. VO. 5
■»u y, ’80
5
Aug., TO. 5
ho
9
6 23
0
5
'art.. '79. 3*
10
20
5
14
10
10
18
5,
12
10
20
‘20
10
13
!0
‘20
12
15
10
5
'20
32
Julv,
HX
20
’80
Ju y. *80. 5
5
10
14
N’ne
N’ne
11
' 10
:X)
12
17
July,
3X
16
171,021 20
103,056 18
108,505
HX
10
102.509 14
140/112
211,480
166,213
30,101
July. TO. 4
July. 89. 6
J ir e. TO. 10
18
Aug., TO. 8
•u y. ’80. 10
20
July. TO. 10
20
10
Aug.. ’HO. 5
July. ’80. 5
11
July, ’77. 5
July, ’80. 4
10
1305 July. ’80. 0-92
15
Oct., TO. 7X
10
July. TO.
10
Aug. TO. 5
15
July, 80. 7H
10
10
10
10
20
5
318,877 20
30,208
198.50:1
10
20
12X
JO
10
10
10
16
10
12
10
20
20
10
16
12
20
10
243,251
115
105
12U
SC
•
..rt
220
1*
-
-
•
.
17-
115
125
85
00
•
•
•
e>
120
80
.
,
.
,
KO
1VG
no
200
•
•ss
re-insurance. capital and scrip,
Mluui sign (—) indicates Impairment.
180
Broker, 27 Pine Street.]
104
I 71
i 104
I 52U
,100
,100
! 35
<102
85
00
Rate.
.Vtw York:
Water
0-)4
1311-48.
stock,
Croton water stock.. 18)5-51.
do
do
..1352-60.
Croton Aqnea’ct stock. 1366
pipes and mains...
reservoir bonds
Central Paik bonds.. 1853-57.
do
do
'104
’
do
no
0
1870.
7
0
7
0
7
.1:75
do
.100
-110
I 71
Msrket stock
186.5-68.
Impi ivementstock.... 186S
do
| 22
102
no
...
.iBct)
Street imp. stock
var.
do
do
var.
New Consolidated
Westchester County... ....
Consolidate i
1883-1800
1884-1911
1884-1000
1907-1911
1898
1896
1901
do
do
do
do
May A November.
do
do
do
do
do
1
Bid. Ask.
100
100
104
106
112
118
100
115
125
1898
113
1894-1897 127
1889
107
1890
115
122
1901
107
1888
May A November.
K*
5
Asse3 me-t
1880
1890
Feb., May, Aug .A Nov.
7
ft
Payable.
do
do
do
do
dodo
May A November,
0*
7
Mouths
Bonds
due.
f*eb.,May AogA Nov
5
5
6
0
7
0
5
..1853-45.
Dock bonds
j 65
;
Price.
Interest.
j!35
do
do
do
do
do
1882
1890
January A July.
do
do
1894
1920
1884
Qua-t^rly.
May a November.
102
116
122
197
102
101
107
10D
120
120
109
:io
120
110
128
108
110
123
108
106
110
123
109
108
1110
150
100
103
100
111
113
85
110
175
i 15
180
110
18C
115
35
no
[Quotations by X. T. Beers, Jr.,
broosiyn —Locai itn »i cm l.....
City bonds
,
r<
7
Oct., TO 150
July, ’90U10 m
NOV.,TO 170.
»
do
P »rk bonds
Water loan bonds
...
Bridge bonds
water loan
City oonas
Kings Co. bonds
do
do
Park bonds
Bridge
•All
7
7
7
7
7
0
0
-
7
0
6
6
Broker, 1 New St.]
1X80-1883-102'*
18o3-18t)li 107
1915-1924; 130
1900-1824 132
1904 1912i '80
1880-11X12; 109
1881-1899:102
1880-11X31 |O0
188O-lN05i114
January A July,
lo
do
do
do
do
do
do
do
do
do
do
do
Mav A November.
do
do
January a July.
do
do
1
1924
,119
1907-1810 110
!0S
118
186
vt*
130
118
lift
111
lift
121
Ud
Brooklyn bonds flat.
[QsoUtlons by C. Zabeiskie, 47 Montgomery
6t., Jersey City.]
*•#
2,000,000 Q-F. 5
July,’90,105 107*4
2/J00/XK) J. A J. 7
Aug.,TO1120 180
600,000 F.AA. 4
Twenty-third Street—Stock...
112
May. *93.105
1st mortgage
260,000 MA N. 7
TUb column shows last dividend on stock*, hot the date of maturity of bond*.
v
730,285
43,714
10
22
10
[Quotations by Daniel A. Moran,
July, *94 102*4 100
95
July, '80 90
Apr., *86 100
102)4
100
Oct., *80 105
Sept.TOllOl
132,682
ib
30
20
40
10)*
j 160
122
(July. VM 103)4 105)4
Nov.,’8 * 102
Oct., ’80 140
Bid. Ask*
CUy Securities^
B^NOV./HO 105 1170
7
3
2
7
Last Paid.
02
|
16
7
jJ’ly,1900 98
2)* Oct.. TO 115
250,0004
500,00011. A J. 7
1,199,500 J. AJ.
150,000 A.AO.
1,050,000 M.AN. 7
200,000 M.A8. 7
750,000 M.AN. 10
500/XX) J. A J.
*
H Ju y, VO
920,950
H07;m
124,407
350,187
23,833
liabilities, including
Includes scrip.
-111
|
[Quotations by H. L. Grant. Broker, 145 Broadway.]
BleeckerSt.&Fult. Ferry—gt’k
Over all
t liurplui
07)41 70
150
Oct., 60 175
Aug., ’80 130
Aug.,’80 100
Oct ,
80 69
1882
10)
Feb. ’gO 48
Nov., ’80 95
Nov., ’80 97
Jan.. ’76 30
1807
98
1900
75
Ju y, '80 55
144,427
German-Amer. 100
50
Germania
1,000,000
50
Globe
200.000
25
Greenwich
200.000
Guardian
100
200,000
Hamilton
15
150,000
Hanover
50
500,000
Hoflman
50
200,000
Hc.rne
100
3,000,000
25
1? 0.000
Ho;>_*
50
Howard
500,000
Iinporters’A T.. 50
200,000
100
Irving
200/X)0
30
leffcrRon
200,010
20
Kings Co.(B*n)
150,000
Knickerbocker 40
280,000
LalayettefBkn) 50
150/XX,
100
Lamar..
2(X)/X>0
25
Lenox
150,000
LonglsVBkn, f 50
890,000
Lorlllard
25
800,000
vfanu’.A Build. 100
200,000
Manhattan..... 100
250,000
Mec’i.ATrad’r*
25
200,000
Mech’ica’(Bku) 00
150,000
Mercantile..
50
200,000
Merchants’
50
200,000
Montauk (Bkn)
50
200,000
Nassau (Bklyn) 50
200,000
National
37*4 200,000
N. Y. Equitable 35
210,000
New York Fire 100
200,000
100
N. Y. A Boston
200,000
New York CUy 100
300,000
50
Niagara
500,000
25
North lilver....
350,000
25
Pacific
200,000
200
000
i’ark
100
Peter Cooper... 20
150,000
50
200,000
People’s
1 000,000
50
Phenlx
50
Relief
200,000
300,000
t 100
Republic
25
200,000
Rutgers’
25
200,.XX)
St. Nicholas
50
200,000
.Standard
100
Star
500,000
100
2<X),900
Sterling
25
200/XX)
Stuyvesarit
300,000
Tradesmen’s..,, 25
250/XXJ
(Jnlted States.. 25
10
300,000
Westchester...
250.000
WllllamuhV C J 50
•
Date.
Amount. Period.
Par.
200,010
200,000
204,000
150/XX)
200,000
1 000,000
.
Gas and
Gas Companies.
2001000
1,000,000
800,000
200,000
....
July, '80.
•July, ’74. 8)t
0)* A ug., ’80. 4
3
Juy, ’80. 3)4 liO
July. ’8**. 3
8
July, ’83. 5
8
Ju y, ’80. 4
6
July, ’80 3
7
Nov. ’80. 3)*
Ju y, ’80. 3)4
*7* Jan., ’81. 4 * HO
8
12
300,000
KrankllnAKmp 100
135
120*
’80.
’80.
'80. 4
'80. 3
'80. 5
’80. 3)4
'80.
’HO.
July,
.July. ’80.
Nov., '80.
July, ’79.
254,000
50
17
10
14
10
20
421.280 20
20
3:0,r/46 20
20
20
218,712
20
487,598 20
171.757 17* 10*72
12
103.725 18
N’nc
2,860 5
18
25
83,872
1,159,061 1250 13 40
20
5W6.418 20
10
72,970 14
10
91,889 15
15
137.200 15
10
70,002 12
11
73,739 12
70,593 10
214,900
..
3)4
!*
1878. 1879.
1877
509,510 15
800,000
200,000
153,000
300,000
...
3)4
TO. 8)4
’80. 4
80.
’80.
’80. 3
’80. 3
Amount
400,000
200,000
Broadway
Brooklyn
?*
July,
July,
juy
50
Bowery
Oct.. ’80
July, ’80. 3)4 117)4;....
Aug.,
May,
Nov,
Nov.
+
American Exch 100
5
5
Ju y 1,
1880.*
Paiow.
Dividends.
8urplns,
128
5
3
9
10
6
7
3
10
Aug.
Aug.
Z* Ju
v,
'
J. & J.
108.560 i J. A J.
•J.
A J.
160.300
30.000 J. & J
287,100 M.&.N.
176,6091 J. A J.
279 5001 J. A J.
785,400, M.AN.
53,600!
July,
Tuiy,
m J u 1 v,
7
July,
9
July,
12
July,
5
Nov.,
8
July,
10
10
0
8
6
0
136 3001
7
7
A.
Nov.
7
Nov.,
7 H Oct.,
‘
696.200; F.A
July, *80. 3
Nov. ’80.15
July, ’SO. 8)*
July,
July
July,
120
Pur.
July, ’80. 3)* 140
Nov. ’80. 3* 120
July, ’80. 5
July, '80. 8
Ju y, ’80. 3%
July, ’80. 4
120
Sept. ’80. 8
132
3^ July.
H
..
.
l*
6J
250,000
199.500 i. * J. 11
1,000,000 1,252.500 I. & J. 10
95.0-X) .J.& J.
300,000
2,000,000 366 200 J. A J.
78.900
300,00»'
0
450,000 164.900 J.'& J.
300,000 3,427 800 Kl-m’ly 100
6
alojxK)
J.*
J.
25
114,600
JO
100 1,00*000 1,5)'5,60u M.&N.
8
100 >.000,000 2,838.900 r. & j.
100 1,000,000
231,100 J.* j.
100 1,000,000
A.
To
F.
*
K'4,400
25
65.600 I. & J.
250,000
25
100,000
i4,;oo 1. A J.
100
150,000
45.100 1. & J.
100
100,000 233.300
12
100
500,000 2 222,300 y—j.
100 3,200,00e 1.011,900 i.& j.
0
30
600,000 3&Z200 VI. AN. 10
50 1,000,000
7
739.700 A.A O.
.
..
Net
Bid. Ask
Last Paid
COMJPAJfiBS.
East River .....
11th Ward'....
Fifth
Fifth Avenue*.
First
Fourth
Fulton
Gallatin
r
77 600 F.A A.
German Am.*
750,000'
72.600 May.
German Exch.* too
200,000
100
Germania*
76.030
200,000
25
22 20u m’.an!
Greenwich*.
200,000
100 1,000,000
Hanover
279.300 I. A J.
Imp.* Traders’ 100 1,500,00*; 1,946,800 J. A J.
50
500,00*) 142.900 I. A.I.
Irving
Island City*... 50
4,100 J. A J.
100,000
Leather Mtmuf. 100
600.000
449.500 J. A J.
F.A A
Manhattan*
1,024.100
50 2,050,000
124.400 I. A J.
Marine
100
400,000
Market
100
500,000 2V3 800 J. A J.
Mechanics'
25 2,000,000 1,030 300 J. A J.
Mech. Assoc’n
83.T Ou .VI. AN.
50
500,000
Mech’lcs & Tr. 25
42,500
200,000
206.900
Mercantile
M.AN.
100 1,000,000
Merchants'.
709,360 ;.J. A J.
50 2,000,000
177.200 J. A J.
Merchants’ Rx. 50 1,000,000
«2.3<>0 ; I. A J.
100
300,000
Metropolis*.
Metropolitan
Muriay Hill*
[Quotations by K. 8. Bailey, Broker,7 Pine Street.]
Price.
Dividends.
Surplus
at
Imoraaca Stock LIU.
Jersey CUy—
Water loan long.,
do
January A July.
.........
.1842-71
Improvement bonds..-...,
Bergen bonds
...1848-69.
January A J«iy.
J. A J. and J * D.
January and July.
1800
1899-1902
1891-94
1900
oe
10
(>5
U
163
650
THE CHRONICLE.
The total amount of
luuestwjeuts
the assessment
fund
expended*
improvements to September 30, 1880, has been $3,092,079,
follows
AND
as
$1,207,429
For equipment,
consisting of—
complete exhibit of the Two ear floats
$25,880
locomotives
313,500—
of the Stocks and Bonds Thirty-eight
Second track
•f Railroads and other Cjmpanies. It is published on the last Improvements at Buffalo, consisting of engine-house, machine
Saturday of every other month—viz., February, April, June.
shops and freight-house
August, October nnd D cember. and is furnished without extra Grain elevator at Buffalo
at Bergen
charge to all regular subscribers of the Chronicle. Single copies Engine-house
Ship basin and docks, Jersey City
are sold at $2 per copy.
Miscellaneous
ANNUAL
on
:
Third rail
STATE, CITJ AND CORPORATION FINANCES.
The Investors’ Supplement contains
Funded Debt of States nnd Cities and
[Vol. XXXI.
a
'.
Total
REPORTS.
339,380
1,034,297
141,504
203,973
36,556
98,938
29,999
$3,092,079
COMPARATIVE STATEMENT OF PROFIT AND LOSS FOR FISCAL YEARS
ENDING SEPTEMBER 30, 1879 AND 1880.
New York Lake Erie & Western.
Credits.
(For the year ending September 30, 1880.)
1379.
The report of this company for the late fiscal year has just
$15,942,022
11,174,698
been issued in pamphlet form. A review of the company’s
Net
operations, based on the brief statistics issued in advance of the
earnings
$4,767,323
ferries—earnings
237,357
report, was published in the Chronicle of December 4, on pages Pavonia
Pavonia Horse Railroad—earnings
20,745
573 and 587, but the figures presented below in much detail give N.
Y. Lake E. & W. bag’ge exprs. - earn'gs
57,730
a more comprehensive view of the workings of this great
Weehawken docks—earnings
73,944
corporation. President Jewett devotes several pages of his Grand Op. House and 23d St. prop’s—rents
baggage and freight—receipts
2,570
report to an argument on the question of the company’s obli¬ Unclaimed
Brooklyn Annex—earnings
2,488
N.
Y.
L.
E.
W.
&
gation to declare dividends on the preferred stock when earned
Elevator, Buffalo—earng’s
m any fiscal year.
He arrives at the conclusion that there is no Blake’s Docks, Bnff.do—earnings
12,165
obligation to declare such dividends, and that the only pref¬ Interest oil securities
Sterling exchange
2,254
erence of this stock is the right to have 6 per cent in any year
Gold premium
58
before dividends are declared on the common stock.
Adjustment of interest on funded debt
The lease of the Lockport & Buffalo Railroad, from Lockport
prior to October 1, 1878
3,996
to Tonawanda, was made in the year, and the Buffalo South¬
Total Credits
$5,180,636
western Railroad, from Buffalo to Jamestown, 68 miles, was
Debits.
leased and worked the last two months—August and September. Pavonia ferries—expenses
$314,757
There were at the end of the year 43S miles of road with three Pavonia Horse Railroad—expenses
20,892
Horse Railroad—interest on bonds
rails, of which 404 miles are double track and 34 miles single Pavonia
N. Y. Lake E. & W. bag’ge expr’s—expenses
54,780
track; 260*5 miles of road broad gauge only, and 311 miles of Weehawken docks—expenses/
19,724
road standard gauge only. Total length of road, including Grand Op. House A 23d St. prop’s—expns.
Unclaimed baggage and freight—expenses
branches and leased roads, 1,009*5 miles.
3,798
23,281
The following are statistics of traffic and earnings for fouiv Brooklyn Annex—expenses
N. Y. Lake E. & W. Elevator, Buff.—expns.
years past:
Blake’s Docks, Buffalo—expenses
7,647
ROAI)
Miles owned
Miles ls’d & oonti’d..
Total
AND
1876-7.
526
431
957
operated...
EQUIPMENT.
1877-8.
526
Interest
399
1879-80.
529
480
928
1,009
1879-9.
529
402
928
•
OPERATIONS AND FISCAL RESULTS.
1876-7.
Operations—
Passengers carried..
1877-8.
1879-80.
4,887,238
earn'gs 14,708,890
Operating e.ipenses—
Maintenance of way
Transp’tion expenses
2,295,529
1,981,059
5,616,843
Miscellaneous.
1,006,409
Maint’nccofequipnTt
Total
Net earnings
P. c. op. exp. to earn’s
10,899,840
3,809,050
74*10
15,644,978
15,942,023
18,693,108
2,064,992
1,938,715
4,364,379
417,976
2,158,931
3,998,298
4,623,863
393,607
10,635,863
5,009,115
11,174,697
4,767,324
11,643,925
7,049,183
67-98
70 09
62-29
3.788,516
4,152.277
5,109,980
442,953
The report says, of the old Erie stock and the assessments, that
there are still outstanding 9,162 shares of common and 3,801%
shares of preferred stock of the Erie Railway Company, the
holders of which have failed to pay the assessment provided
for in the plan of reorganization.
Two suits are now pending against this company which have
been instituted by the holders of some of this outstanding
stock, to compel the company to issue its stock therefore in
exchange, notwithstanding the failure of such holders to com¬
ply with the plau of reorganization within the time therein
prescribed. The board have no means of forming any opinion
as
to what the result of such suits may
be.
ASSESSMENT FUND.
The assessments
Company,
have been
as
as
paid upon the stock of the Erie Railway
finally reported by the reconstruction trustees,
follows, viz.:
Preferred stock, at $3 00 per share—23,372*4 shares
Common stock, at. $6 00 per share—72,982 shares
Preferred stock, at $2 00 per share—58,195 shares
Common stock, at $4 00 per share—697,856 shares
To which add for interest
funded debt
2,047,712
210,000
64,453
Weehawken Docks—interest
Guaranteed interest..
Interest on loans
Interest on mortgages, etc
Interest on equipment
.
133,000
47,978
14,418
...
$70,116
437,892
116,390
2,791,424
on assessments, interest and
profits
investments, sterling exchange, etc., up to September
30,1880
$3,415,822
Suspen’n Bridge & Erie Junct’n RR.—rent.
Paterson &
Newark RR—rent
Expenses for countersigning bonds
.-
London office expenses
Commissions, Ac., for extend’g 2d M. bondsi
Commissions, &c.,for extend’g 4th M. bonds
$3,793 326
Total
The amount
$3,793,326
paid from the assessment fund in the year endingSeptembei o'), 1880, for improvements to the property, was
$828,860.
$7,049,183
265,651
23,769
70,051
51,559
34,226
1,956
18,367
78,453
2,096
237,417
407
$7,833,140
$216,318
21,118
10,237
61,455
9,217
25,987
4,794
36,274
58,343
4,790
3,963,872
210,000
64,453
131,928
29,015
22,797
148,284
662,952
25,704
11,327
18,816
12,641
550
6,379
19,576
39,913
6,104
-
5,170
3,319
Claims prior to Oct. 1, 1879
7*,919
Total debits
$3,888,664
$6,012,519
Surplus
$1,291,971
$1,790,620
CONDENSED BALANCE SHEET, SEPT
30, 1879, and sept. 30, 1880.
Dr.
Construction—Main Line
Third rail—general account.
1879.
1880.
$548,381
$1,308,472
Equipment
228,344
70,470
Real estate
124,926
263,496
350,986
148,472
1,207,429
491,860
1,207,429
1,034,297
67,071
141,504
19,698
339,380
89,870
17,909
29,999
86,070
37,425
36,556
339,380
203,973
98,938
29,999
158,611
7,394
82,602
110,822
Expended out of the special fuud for—
Third rail
Second track
•v
Improvements at Buffalo
Engine-house at Bergen
Equipment
Elevator at Buffalo
Ship basin and docks, Jersey City
Miscellaneous
Construction—branch lines
Elevator at Buffalo—general account
Ship basin and docks, Jersey City—gen¬
eral account
Lebigh docks, Buffalo.
92,851
Weehawken docks, construction
Buffalo A Southwestern RR. improvement
account
Amounts paid on account of equipment..
Stocks of other companies
Bonds of other companies
Amounts due by agents, other companies
and individuals, on current accounts...
Materials and supplies on hand at shops
and on road
Cash on hand
Cash in London to pay coupons
Bills receivable
The estate of the Erie Railway Company.
848
3,278
160,645
174,202
226,024
36,302
781,655
140,200
273,819
1,841,986
2,729,148
875,731
155,196
10,401
7,500
95,737,122
1,123,542
186,580
50,568
10,543
151,681,284
$102,631,098
$162,550,111
377,503
OfthiBSumwe had received up to Sept. 30,’i880, $3,096,413, of which we had applied to improvements
$3,092,079
And there has been disbursed by the trustees for expenses in
London and New York, taxes, services, judgments, and
otherwise conducting the reorganization plan, the sum of..
570,002
Leaving a balance in hands of our Treasurer Sept. 30,1880..
4,333
And balance in hands of trustees at same date
126,910
11,643,925
146,850
State of New York—taxes
State of Pennsylvania—taxes
State of New Jersey—taxes
Brook’n annex—expenses prior to Oct.1,’78
Interest on equipment prior to Oct. 1,1878
on
Total
65,892
658,445
40,914
15,589
17,799
3,458
109,524
Rentals of leased lines
1878-9.
4,896,327
4,894,527
5,491,431
Passenger mileage.. 1 70,888,380 140,326,749 149,115,718 180,460,204
Kate p. pass. p. mile
2-180 ets.
2-091 ets.
2011 ets.
0,182.451
Freight (tns) moved
6,150,468
8,212,641
8,715,892
Fr’ght (tns) mileage. 1 111530220 1224704433 1569222417 1721112095
Av. rate p. t*n p. mile
0*973 ets.
0-780 ets,
0-836 ets.
Fan i ings—
$
$
$
$‘
3,220,090
Passenger
3,070,121
3,118,944
3,682,951
Freight
10.647,*07 11,914,480 12,233,481 14,391.115
840,993
660.377
Mail,expr’s,rents,Ac.
589,598
619,042
Total gross
on
Long Dock Company bonds—interest
1880.
$18,693,108
.
102,631,00#
Net increase in 1879-80
Common stock issued at this date
Preferred stock issued at this date
Funded debt as per Investors’ Supple¬
ment
Loans payable
Bills payable
$59,919,012
*
Cr.
-
Interest on funded debt (due and accrued)
Rentals of leased lines, etc
Amounts due -to other companies and
individuals on current accounts, consist¬
—
1879.
1880.
$24,997,100
2,151,700
$75,879,300
7.367,700
66,678,501
67,173,744
300,000
182,763
538,965
433,399
200,000
67,500
1,213,648
355,876
ing of—
Pay-rolls for Sept., payable in October....
616,279
671,545
THE
18, 1880.]
xjmuCB.mbbr
From express
From rents and
1880.
1879.
707881
etc., in¬
Audited vouchers for supplies,
cluding September vouchers
Truffle balances, etc
Sundries
Special fund received from trustees
improvement of the property
for
-
stock of the
share)
Assessments on the preferred stock of the
Erie Railway Company ($2 per share)
Interest on assessments received on stock
of the Erie Railway Company, and inter¬
est and profits on investments, sterling
2,364,118
exchange, etc
Profit and loss
116,390
—■?...
I
charged :
Against which are
Interest
$16,028
13,634
168,000— 197,662
paid
$162,550,111
Balance at
$226,740
5,380
$232,121
Rentals
Dividends
102,631,098
499,320
Total income for the year
377,503
3,911,138
2,120,517
$102,631,093
9,212
$726,060
the year..
Net earnings for
Interest received
2,191,424
Company ($4 per
$14,215
other sources
Total
Total operating expenses
832,134
50,061
631,186
31,868
Assessments on the common
Erie Railway
$1,542,143
$1,534,697
651
CHRONICLE.
$34,458
Surplus for the year
610,858
$645,317
commencement of the year
Balance September 30,1880
The gross earnings for this year
of the preceding year $104,389,
exceeded the gross earnings
the increase in expendi¬
while
New York Providence & Boston.
tures, exclusive of the cost of new equipment, was only $58,261.
The surplus for the year, after the payment of dividends,
(For the year ending September 30,1880.)
interest, taxes and all other expenses charged to the operation
Mr. S. D. Babcock, the President, says in his report:
of the road, or to the construction account, was $34,458.
“The increase in gross receipts over the previous year is
ANNUAL INCOME FOR FIVE YEARS.
$69,446, and of expenses $39,007 ; the net earnings being in¬
Rents, InVst
creased $30,439, or about 10 per cent. Deducting in both years
Total
Divi¬
and Other
Net
Tears end'if
dends.
Items.
Surplus.
the revenue derived from dividends of the Providence & StonIncome.
Sept. 30. Receipts. Expenses.
$548,699
$589,536 $382,269 $217,780 $32,411 $168,000
ington Steamship Company, the increase in net earnings would
108,000
561,665
26,647
207,679
376,983
573,302
be $50,562, or about 21 per cent, although there has been no
168,000
573,886
29,139
205,686
309,750
1878
584,670
diminution in the fierce competition, and, with trifling excep610,858
168,000
12,220
212,071
414,980
622,310
168.000
645,317
16,967
219,426
tions, the -rates,* both for passengers and freight, have been as
512,014
726,060
low as ever. The loss of the Narragansett, of the Stonington
Northeastern Railroad Company (S. C.)
Line, in June last, not only prevented the Steamship Company
from paying its usual dividend in July, but caused a virtual
(For the year eliding Sept. 30, 1880.)
suspension of the through passenger business via Stonington
The
annual
report, just issued, gives the following statement
for nearly a month, and when it was resumed by the substitu¬
tion of a much inferior boat, the falling off in travel caused of the company’s operations for its fiscal year, closing on the
30th September, 1880, as compared with those of the previous
thereby involved a large loss of revenue, which it is impossible
Net increase in
$59,919,012
1879-80.
-
'
to
compute.
*
*
*
“The extensions of the Pawtuxet Valley Road
the Pontiac Branch Road, both of which were
to Pontiac and
alluded to in the
last report, were
completed and opened for traffic on
the first
operated by this company.
Providence and Hope has
been fairly remunerative, and a lease of the above roads for a
number of years will probably be taken.
* * *
of January last, and have since been
The business of the line between
year:
Receipts from—
Freights
Passengers
1878-79.
$245,068
86,007
1879-80.
Increase.
$284,745
100,309
19,838
$39,677
14,302
4,646
$346,267
$404,894
$58,626
15,192
Mails
Total
Operating expenses
=
—
210,903 '
219,234
Balances
$135,364
$185,659
in revenue
$58,626
Central Railroad, better known as the Increase
Ratio of expenses to receipts 54-2 in 18S0, against 60 9 in 1879.
Warwick and Oakland Beach Railroad, having been sold under
The President remarks in his report that this gratifying
foreclosure, was offered to us at a price but little greater
than the value of the rails, and it was deemed judicious to increase of $58,626 in onr gross receipts is mainly attributa¬
purchase it, which was done in June last, and on the first of ble to the general prosperity of the coun ry, and the healthier
July it was opened for traffic. The travel during the summer conditions of trade. “During the past year we have moved
was larger than was anticipated and will doubtless constantly
91,436 bales of cotton, against 62,153 bales the preceding year—
increase. It is believed that it will prove a valuable feeder to the excess being 29,283 bales. Of these, but 16,207 were fur¬
the main line, and your authorization of the purchase will now nished along the line of our own road ; the remainder, 75,229
be asked, and that it be regularly recorded as the property of bales, having reached us from points beyond Florence.”
* *
Our up through freights have exceeded those of the last
this company.**
The annual report also supplies the following figures, showing year by $16,571, and our way freights those of the previous
the comparative statistics of the past two years :
year by $7,628.” * * *
“In our passenger service, a like
Increase.
1879.
1880.
improvement
is
noticeable—the
receipts of this year having
$69,446
Receipts
$794,625
$854,072
39,007 been $100,309, as against $86,007, the larger proportion of this
504,976
Expenses..
465,969
increase being in our way travel.”
$30,439
The financial condition of the company on the 30th Septem¬
Net earnings
;
$318,656
$349,096
ber,
1880, was as follows:
The number of passengers carried in the years :
Increase.
Net proceeds of transportation for 1879-80
.$185,659
1879.
1880.
$94,238
13,328 Interest on bonds, and other debt
Through passengers
249,932
263,260
:
11,981— 106,220
105,746 Taxes
Local passengers
336,332
412,073
48,166
Commuters
154,505
106,339
Balance
$79,439
“The Rhode Island
“
167,240
859,813
of freight carried in the years :
692,603
Total
The amount
Tons.
234,753
Through freight
73,112
Local freight
Total
BALANCE 8UEET OF
RECEIPTS
Balance carried
Balance at credit of
1880.
Tons.
1879.
194,743
108,353
Receipts.
Bills
$50,203
report
Expenditures.
*
$504,976
240,000
Expenses
Dividends
Interest..
79,037
Extension road bonds paid
Rhode Island Central Railroad purchase
Rhode Island Central RR. construction account...
Profit and loss Warwick Railroad Co
Stock in Pawtuxet Valley Railroad
Construction account Harbor Junction
Pawtuxet Valley Railroad, joint account
Pontiac Branch Railroad
Pawtuxet Valley Railroad
Balance cash assets to new account—
Cash in Stonington
Due from M. Morgan’s Sons
Total
profit and loss
profit and loss from
Total at credit of
profit and loss
GENERAL
American Union
1879
30th September, 1880
$51,891
117,445
$169,337
INVESTMENT NSWi.
issued to
Company of the
record on the books of
instalment was paid, on
Telegraph.—A circular has been
those subscribers to the Central Construction
American Union Telegraph Company of
that company at the time the last
854,072
39,106
151,000 September 15, announcing that it has been decided to raise a
$1,094,382 fund of $6,000,000 for the purchase and laying of two cables
between this country and Europe, to' be operated in connection
payable
Total receipts
to credit of
Tons.
Dec..40,010
Inc .35,241
307,865
303,096 Dec.. 4,769
AND EXPENDITURES FOR THE YEAR 1879-80.
Balance cash assets from last annual
Earnings
Earnings Pawtuxet Valley RR
27,548
Extraordinary expenses.
50,000
$45,000
6,556-
$31,260
33,968—
51,556
2,655
7,000
48,543
23,952
3,414
18,015
65,229
$1,094,382
expenditures
Union Telegraph Company. Of
$3,000,000 is reserved for the subscribers
money is to be called in 10 per cent instalments,
with the American
this fund
mentioned. The
and every
paid-up subscription of $1,000 will be entitled to a 6 per cent
mortgage bond and ten shares of. the cable company’s stock
The privilege to subscribe will expire on the 31st inst.
—As to the ocean cables of this company, the American
Exchange says : “An attempt was maae by the established
cable companies to secure an arrangement with Mr. Jay Gould
which would meet the traffic requirements of his company, but
the concessions which he demanded were not agreed to, and
subscriptions for the construction of the two new cables have
been opened by the Central Construction Company. The fond
one-half will be
Construction Com¬
{For the year ending September 30,1880.)
The calls on the sub¬
at a time. For
The annual report gives the following :
every $1,000 paid up the subscribers will receive ten shares
From passengers
$302,271 of stock of the par value of $100 each and a $1,000.6 per cent
From freight
*.
386,669 mortgage bond. The privilege to subscribe will expire on Dee.
From mails
13,662
Connecticut River Railroad.
INCOME.
which is to be raised is $6,000,000, of which
reserved for the subscribers of the Central
pany of record on September 15 last.
scribers will be 10 per cent of their subscription
652
THE
The contractors for the
CHRONICLE.
cables will be Messrs.
end of the cables
of Torbay, in Nova
Scotia, the landing on the English side to be made near Pen¬
31,1880.
new
Siemens & Co., of England. The American
will be at Whitehead Bay Harbor, just east
zance.”
purchasers being Drexel, Morgan & Co. The Times reports
Jiat this road was recently withdrawn from the Long Island
Railroad combination and ordered to be sold under joint agree¬
ment of the stockholders and bondholders. The sale took
place
nominally
Canadian Pacific Railway.—At Ottawa, Canada, Dec. 10,
the Pacific Railway contract was laid before the House of Par¬
liament. It is signed by Messrs. George Stephen, Duncan
McIntyre, John J. Kennedy, R. B. Angus, Morton, Ro3e & Co.,
Kohn/Keinach & Co., and James J. Held, on behalf of the syn¬
dicate, and by Sir Charles Tupper for the Government. The
contractors are required to deposit $1,000,000 cash for its
equipment in approved securities as a guarantee. The portion
of the road from Winnepeg to the base of the Rocky Mountains
is to be completed by June, 1885, and the whole line from Lake
♦Superior to the Pacific by May, 1891. The Government will
complete the portions of the road now under contract, and
turn them over to the syndicate, together with $25,000,000 and
25,000,000 acres of land. The capital of the company is fixed
$25,000,000, divided into shares of $100 each, and the direct¬
will be empowered to bond the road for $10,000 per mile.
There is much opposition to the ministerial policy, and an
effort is being made to excite popular feeling against the
It is said that the debate will be pressed now till
measure.
at
ors
the matter is voted
on.
Central Pacific Railroad.—The land trustees give notice
that they hold $400,000 in gold coin, with which, in accordance
with the terms of the mortgage, they propose to redeem so
many of said bonds as shall be offered at the lowest price; but
all bids over one hundred and five (105)“ flat” may be rejected
at the option of the trustees.
Chesapeake & Ohio.—At Richmond, Va.,Dec. 16, the annual
meeting of stockholders was held. The net earnings of the
road for the past fiscal year were $569,227, being an increase
of $185,018 over the net earnings of 1879. The following
directors were elected: C. P. Huntington, A. A. Low, A. S.
Hatch, Elias Higgins, John Castree, Jesse Hoyt, A. E. Orr,
Ezra Wheeler ana E. D. Tournier, of New York, and W. C.
Wickham and John Echols, of Virginia.
Chicago Bonds.—A dispatch from Chicago (December 16)
to the Neiv York Times says : “The remainder of the new
city 4 per cents was taken to-day, making an aggregate of
v330,000 in three days. Much dissatisfaction is expressed at
the fact that this loan has been taken by large capitalists in¬
stead of by the public at large. Bankers state that had the
loan been put on the market for competition, the bonds would
have brought a premium of 2 per cent, and the city is con¬
sidered
;he
so
on
the 11th, the read being bought in by the
Previous to the sale another contract
Long Island Railroad Company by which the latter is to operate
fifty years from Jan. 1. The terms were refused for
publication.
Hartford & Connecticut Talley.—The stockholders, at their
meeting in Hartford, re-elected the old board of directors. The
directors were authorized to apply to the legislatures of Con¬
necticut and Massachusetts for permission to extend the road
on
the west side of the Connecticut River to Holyoke. The
cost of the new road will be about $800,000.
The Valley Road
is to turn its bonds into stock ; and to raise means for
building
the new road the idea is to issue about $400,000 of additional
stock, and bond the entire road from Saybrook to Holyoke
for the remaining half of the cost. No action was taken on
the proposal to rescind the vote with regard to the conversion
of the first mortgage bonds of the Connecticut Valley Railroad
Company into stock of this company. The directors have the
matter under consideration, and will hold an adjourned meeting
next Monday to decide what action shall be taken.
Havana Rantoul & Eastern.—It is reported that this road
has been sold to the Wabash St. Louis & Pacific Company on
terms not made public.
Horse Railroads in New York and Brooklyn.—From re¬
turns filed at Albany, the following statements for the year
ending Sept. 30,1880, have been obtained, and are compared
with 1878-79:
DRY DOCK EAST BROADWAY <fc
Receipts—From
“
From other
“
“
“
-
Voted, That
special meeting of the stockholders of this company
be and is hereby called to meet at the general office of the
compauy, in
the city of Chicago, Ill., on the 28th day of December
instant, at 11
•o’clock A. M., to consider and act upon the propositions to
consolidate,
by purchase or otherwise, the stock, property and franchises of the Kan¬
sas City St. Joseph A Council Bluffs Railroad
Company, Hastings &
Avoca Railroad Company, Moulton A Albia R ailroad
Company, Red Oak
& Atlantic Railroad Company, Chillieotlie A Chariton Railroad Com¬
pany, Keokuk A St. Paul Railroad Company, and the Madison & Keokuk
Railroad Company, and of such other branch road
companies as the
meeting may deem it proper to inelule, with and into those of this com¬
pany, and to determine whether the directors shall be authorized for
this and other purposes from time to time, as they shall deem
proper, to
increase the capital stock of the company to the extent of the cost of
the road, and to dispose of the same in such manneras thev
may see fit,”
a meeting of the stockholders of said
company will be held at the office
of the company at Chicago, Ill., on the 28th instant, at 11 o’clock in the
forenoon of that day, for the purpose of considering and
acting upon the
propositions mentioned in said vote.
Stockholders who cannot be personally present are
requested, on
receipt of this notice, to sign the inclosed proxy and return the same to
J. M. Forbes. President, Boston, Mass.
By order of the directors.
J. M. Forbes, President.
Chicago, Dec. 11, 1880.
a
The
Chicago Burlington & Quincy Railroad Company has
given the New York Stock Exchange notice of an issue of 10,000
shares of stock, issued for construction purposes.
Chicago & Northwestern.—It is announced that the Chicago
& Northwestern Railway Company will hereafter issue
only
bonds bearing interest at the rate of five
per cent under its
sinking-fund trust of 1879, made to provide means for the
extension of its system.
A satisfactory proposition made to
the company by Kuhn, Loeb & Co. to purchase the next issue
of their five per cent bonds has been
accepted.
Denver & Rio Grande—The $4,000,000
subscription to
extend the Denver & Rio Grande Railway lines, which was
brought out last week, closed Dec. 14. Over $11,000,000 is
reported to have been tendered in the United States anc.
new
England, but only existing stockholders will
receive allotments,
which will be in the proportion of one share of new to four o:
old shares of the stock. The company receives at 165—the sub¬
855,000
856,000
704,737
6,068
450,806
59,773
108,000
51,000
59,000
783,174
7,008
504,703
55,742
144,000
40,000
1,000
.*
For interest
For dividends
For United States bonds
For account of funded debt
“
$1,200,000
sources
Payments— For road expenses
SIXTH AVENUE
*,
Floating debt
Receipts—From passengers
sources
Payments—For
road expenses
“
interest
dividends
1
reduction of the floating debt
the proceeds of bonds paid to
stockholders
For
For
For
For
“
“
•
1878-79.
$750,000
500,000
25,000
727,890
33,610
443,169
34,900
90,000
150,000
Funded debt
From other
.
(NEW YORK).
1879-80.
Paid capital
“
1878-79.
$1,200,000
passengers
ton and
“
BATTERY, (N. Y.)
1879-80.
Paid capital
Funded debt
“
To the Stockholders—Notice is hereby given
that, in pursuance of a
vote of the board of directors of this
company, this dav passed, of which
the following is a eopj'—
owners.
entered into with the
was
it for
much the loser.”
Chicago Burlington & Quincy.—The directors met in Bos¬
again considered the question of a stock dividend, and
finally voted to call a special meeting of the 'stockholders
December 28, to vote upon the consolidation of the
Chicago
Burlington & Quincy with the Council Bluffs and other roads,
and, secondly, upon the question of authorizing the directors
to issue new stock.
The following is a copy of the circular
issued from the Chicago Burlington & Quincy office,
calling
the special meeting of the 28th :
3
[Vox* XXXI,
$750,000
416,000
175,000
672,338
37,669
441,749
29,120
375,000
93,651
BROOKLYN CITY.
1879-80.
1878-79.
$2,000,000
$2,000,000
300,000
200,000
1,609,760
69,129
1,466,461
26,069
280,000
(BROOKLYN).
300,000
50,000
1,466,112
43,775
1,208,226
26,254
Paid capital
Funded debt
Floating debt.
Receipts—From passengers
“
From other sources
Payments—For road expenses
*•
For interest
For dividends
“
BROADWAY
Paid capital
Funded debt
1879-80
1878 79.'
$250,000
$250,000
250,000
40,561
239,017
127,875
208,726
20,341
30,000
250,000
65,353
272,483
13,604
215,263
19,186
36,000
Floating debt, present report
Receipts--From passengers
“
'
From other sources
Payments—For road expenses
“
For interest
For dividends
“
FORTY-SECOND STREET & GRAND STREET FERRY RR.,
1879-S0.
Paid capital
Funded and
floating debt
Receipts—From passengers
“
From sale of horses
expenses
For interest
For dividends, Ac..
Payments—For
road
“
“
'
280,000
(X. Y.)
1878-79.
$748,000
267,512
309,763
2,132
228,071
10,520
97,240
$750,000
267,328
333,565
818
213,407
16,520
112,783
International & Great Northern.—It is stated
authority that Mr. Jay Gould has purchased
interest in the stock of this company.
Keoknk & Des Moines.—The
a
on good
controlling
following is an official state¬
Railway Company:
ment of the Keokuk and Des Moines
Gross earnings for year ending Sept. 30,1879..
25 per cent rental of which is
Interest at 5 per cent on $2,750,000 bonds paid
Surplus earnings for year 1879.
Gross earnings for year ending Sept. 30, 1880
25 per cent rental of which is
Interest at 5 per cent on $2,750,000 bonds paid.
v
Surplus
earn ings
for year
Add surplus of former year—
.=.
$565,566
141,389
137,500
$3,889
$639,788
159,947
137,500
$22,447
:
3,889
Total surplus on hand Sept.
30,1880
$26,336
From which a dividend of $1 75 per share on the preferred
stock has been declared, payable on the 23d day of December,
at the office of the Farmers’ Loan & Trust Company in this
city.
The transfer books will be closed on the 15th day of De¬
opened on the 5th day of January, 1881.
cember and
Louisville & Nashville.—At Nashville, Tenn., December 16,
amended bill was filed in the United States Circuit Court
in the case of the minority stockholders of the Nashville
an
scription price—$5,600,000 to complete the remainder of the
Chattanooga & St. Louis Railroad Company against the Louis¬
1,462 miles of the company’s line.
ville & Nashville Railroad Company, charging that the election
Flushing & North Shore.—This road was sold at auction of the acting board of directors was a nullity, and praying for
Dec. 11, at the Court, House in Long Island City, for $800,000, an injunction to enjoin the Louisville & Nashville Company
Dboember 18,
653
THE CHRONICLE.
1880.1
St. Louis Iron Mountain & Southern.—Mr. Thomas Allen
accepted Jay Gould’s proposition, and sold his stock of nearly
40,000 shares, for wnicn the purchase money, as reported,
amounts to a trifle less that $2,000,000.
H. G. Marquand also
Memphis Paducah & Northern.—In the Circuit Court of disposes of 20,000 shares of the stock, about one-half of his in¬
the United States at Memphis a bill of complaint of Abram Carl terest
in the road, to Mr. Gould- With other odd lots bought
Wertheim and others vs. The Memphis Paducah & Northern
up, Mr. Gould’s total interest i3 reported to be about 70,000
RR. Company et al. was filed. The bill alleges that default was
shares.
made on the $3,000,000 first mortgage bonds, but that Canada and
Horsley.the trustees, have refused to take such steps as would
Toledo Relphos & Burlington.—A Boston dispatch says:
foreclose the mortgage and enforce the sale of the road, al¬
The syndicate lately formed by Boston and New York capital¬
though requested so to do by the holders of said mortgage. The ists for the building of the Toledo Cincinnati & St. Louis Rail¬
bill prays the aid of the Court and the sale of the road enforced, road, which is an extension of the Toledo Delphos & Burlington
and the said Trustees, Canada and Horsley, compelled to road from Kokomo to St. Louis, Mo., has met with such success
execute the said trust, and that, pending such proceedings, a in securing subscriptions that contracts are being let along the
Receiver be appointed by the Court, and that an injunction be entire line of over 250 miles. The officials of the road, having
granted to restrain the said railroad company, its officers and
agents, from handing over possession of said road or any part
ouis, state that they expect to have the road in operation by
thereof to any person except a Receiver appointed by Court or October, 1881.”
from operating tlie road and from voting the stock it bought,
and also praying for a Receiver. Judge John Baxter and Judge
Key will hear the case at Knoxville, on Tuesday, the 21st insfc.
“
Eerfected favorable arrangements for terminal facilities in St.
the said trustees.
Ohio & Mississippi.—A press dispatch from Indianapolis is
as follows :
“Last summer an agreement was made between
the Ohio & Mississippi Railroad Company and the London Liv
erpool & Globe Insurance Company, by which the latter was to
a title to its Jeffersonville Branch for the sum
of $60,000. By foreclosure proceedings, ending in a sale last
summer, the London Liverpool & Globe Insurance Company
perfected a title to the property, and an order was entered by
Judge Drummond, in the United States Court Dec. 11, author¬
izing John King, Jr., Receiver of the Ohio & Mississippi, to pay
the $60,000, ana the insurance company, upon the execution of
the necessary papers, to make its title as good as that of the
insure the former
former.”
Philadelphia & Erie.—The managers have decided to pay
maturity the first mortgage 6 per cent bonds due April
1,1881, amounting to $5,000,000. Messrs. Drexel & Co., of
Philadelphia, have concluded a negotiation for the purchase
of $5,000,000 of the 5 per cent consolidated mortgage bonds of
off at
guaranteed by the Pennsylvania RR. Company.
Port Royal & Augusta.—In addition to the interest on its
first-mortgage bonds, this company will, on Jan. 1, pay 2 per
this company,
cent
on
its income bonds from the
earnings of the current
year.
Richmond & Alleghany.—At the annual meeting held in
Richmond on the 8thinst., the following directors were elected :
Geo. M. Bartholomew, Hon. James G. Blaine, Joseph H. Gray,
Conrad N. Jordan, Hon. Hugh McCullough, Cyrus H. McCor¬
mick, John I McCook, H. C. Parsons,
Samuel Shelthar, John
Brooklyn.—The annual report
filed with the Secretary of State, shows :
Assets—Boats, $465,000; ferry buildings, &e., $248,000; real
estate, $212,000; machinery, $20,000; lumber, $5,500; horses
and carts, $2,000; office furniture, $2,000; coal and wood,
$45,400; loans on stock, $680,000; United States bonds, $300,000;
taxes due by city of New York, $27,749; petty cash, $1,000;
cash in bank, $138,245. Liabilities—Paid capital, $1,000,000;
city of New York, $22,187; unpaid accounts (estimated),
$13,500; tickets outstanding, $38,418; claims in suit (estimated),
$30,000; taxes due State, $2,500; taxes due Brooklyn (esti¬
mated), $17,000.
Vermont & Canada.T-Tlie opinion of the Supreme Court of
Vermont in the case of James R. Langdon et al., vs. the Ver¬
mont & Canada RR. Company et al., heard at the General Term
of the Court in Montpelier, in the autumn of 1879, was filed
on Tuesday in the office of the Clerk of the Court for Franklin
County. This decision finally determines the long-disputed
question as to the priorities and rights of the different classes
of securities based upon the Vermont Central and Vermont &
Canada Railroads, and holds that the bonds issued by the
Receivers and managers from time to time, and known as the
trust securities,” are prior in right and security to the claims
of the first and second mortgage bondholders, and the stock¬
holders of the Vermont Central Railroad, and the stockholders
of that corporation, and to the rental claims of the Vermont &
Canada Railroad Company, and must be first paid. The Court
orders the case referred to a Master to reckon the principal and
interest on the trust bonds and make other computations.—
Union Ferry Company of
of this company,
“
Simpson, H. D. Whitcomb and C. E. Wortham.
Boston Advertiser.
Rochester & State Line.—At a meeting of the bondholders
Western Union Telegraph.—This company issued a general
of this company, a few weeks ago, Messrs. Adrian Iselin, Jr.,
Anson Phelps Stokes and Walston H. Brown were appointed a order, Dec. 16, reducing rates for messages to all points at
committee to buy the road whenever it should be offered for which the American Union Company has offices, to meet the
W.
sale. The new company will be known as the Lake Ontario
Rochester & Pittsburg Railroad Company. A decree for the
sale was given in Rochester December 13, and the reor¬
ganization will be completed in January.
the amount of the bonds at $2,160,000,
interest at $151,200.
According to the
The decree fixes
and the overdue
present plan the
obligations of the new company will be limited to $12,000
a
mile first mortgage; $16,000 a mile income bonds and
$20,000 a mile stock. The total amount of these obligations will
amount to about $5,625,000.
It is the purpose of the new com¬
pany to extend the present line, but the plans have not been
fully perfected. The Rochester & State Line Railroad extends
from Rochester to Salamanca, a distance of 107/6 miles. A plan
of reorganization has been completed, to which the bondholders
may become a party at any time before the date of the sale.
The securities of the new* company will be distributed as fol¬
lows : Holders of the first mortgage bonds of the old company
will receive new first mortgage bonds to the amount of one-haff
of the par value of the old bonds and of one coupon in addition,
and income bonds equal to three-fourths of the par value of
the same bonds and one coupon in addition ; they will have the
option of taking new stock at the rate of five shares of stock
to each $1,000 bond, upon payment of $50 for each five shares ;
holders of the debenture bonds of the old company will receive
income bonds at par for the full amount of their holdings. The
capital stock of the new company will be $2,500,000. It is con¬
templated to extend the road from Rochester to Lake Ontario,
andto provide funds for the cost of this extension by the issue
of first mortgage bonds at the rate of $12,000 a mile and income
bonds at the rate of $16,000 a mile. These bonds are to be equal
with those of the same class placed on the present road, but are
to be a first lien on the road to be constructed.
Rome Watertown & Ogdensburg.—From the report made
to the New York State Engineer the following figures are
made up for the year ending Sept. 30, 1880, in comparison
with 1878-9
:
Paid up stock
Funded debt
Unfunded debt
Operating
Interest
Reutale
..:
Total
expenses
1878-79.
$5,293,900
8,622,500
438,078
Receipts from passengers
Receipts from freights
Receipts from mails
Receipts from other sources
Total
1879-80.
$5,293,900
•
$433,490
884,987
3z,611^
116,798 5
$1,467,892
$980,156
260,535
24,000
$1,264,691
7,759,900
597,778
$382,601
647,356
113,330
$1,143,287
$834,640
250,848
24,000
$1,109,488
already instituted by the latter company. The prin¬
cipal changes are as follows:
Old Rate. Ncv' Rate.
reduction
To
To
To
To
To
New Orleans,
Atlanta and Augusta
Omaha
.St. Louis and Milwaukee
Cincinnati and other Ohio
points
Richmond
To Pittsburg
To Buffalo
To Syracuse
and Rochester
$1 00
$0 75
40
30
1 00
60
50
50
40
60
50
40
30
20
25
The reduction to corresponding points is in proportion to
those above given. The rate to Albany, Boston and Washing¬
ton remains unchanged at 25 cents.
No 25-cent rates are
affected by the order.
35
—Messrs. Fisk & Hatch, No. 5 Nassau Street, have issued a
proposing a combined subscription for two or three
hundred millions of the new funding bonds to be issued by
circular
Government, and they have opened a book for recording the
subscriptions of all who may wish to join with them, either for
the purpose of exchanging their fives and sixes of 1881 or for
purchasing the new bonds. They say: “By making a com¬
bination now of two to three hundred millions or more, we may
be able to control the negotiation of the whole loan on terms
equitable to all who may wish to secure a portion of the bonds,
instead of its being controlled by a limited syndicate, the privi¬
leges of which would be accessible to but few.” The firm pro¬
poses to manage the combination, and for its services to charge
a commission of Ys of one per cent on the amount obtained for
each subscriber. They also retain the privilege of an undivided
interest in $25,000,000 of the whole amount obtained.
—At the annual meeting of the stockholders of the Mercantle Trust Company the following gentlemen were elected
directors for the ensuing year: Louis Fitzgerald, Henry A.
Henry G. Marquand, John T.
Alexander, William R. Garrison, Henry B.
Hyde, Thomas T. Eckert, Heniy Day, Whitelaw Reid, Jose F.
de Navarro. Charles R. Flint, Jonas M. Libbey, Bennington F.
Randolph, George D. Morgan, Jay Gould, William A. Wheelock, Russell Sage, William G. Lambert, Sidney Dillon, William
H. Smith, Samuel Sloan, James M. Halsted, Fred. L. Ames,
Richard Irvin, Jr., Robert Garrett, Marcellus Hartley, John J.
McCook, Elbert B. Monroe. The addition of many well-known
gentlemen to the board of directors promises a large increase
Hurlbut, Solon Humphreys,
Terry, Henry M.
of business to the company.
—The Homestake
Mining Company of Dakota is oat
making $60,000 for November.
another double dividend,
witli
THE CHRONICLE.
65+
[YOU XXXI.
O OTTO N.
%\tt GTumraerciuI Jimes.
Friday, P. M., December 17, 1880.
The Movement of the Crop, as indicated by our telegrams
from the South to-night, is given below. For the week ending
this evening (Dec. 17), the total receipts have reached 238,490
COMMERCIAL EPITOME.
Friday Night,
December 17, 1880.
speculative bales, against 243,137 bales last week, 218,341 bales the previous
held check week and 205,192 bales three weeks since; making the total
exports; recent failures have disturbed the markets for such receipts since the 1st of September, 1880, 3,019,684 bales, against
important imports as tea and coffee; and the approaching holi¬ 2,804,948 bales for the same period of 1879, showing an increase
day season is felt in general business. The high rates current since September 1, 1880, of 214,736 bales. The details of the
for money on the Stock Exchange are not felt to any material receipts for each day of this week (as per telegraph) are as follows:
extent in commercial circles, ana yot attract attention and com¬
Mon.
Sat.
Fri.
Tnes.
Thurs.
Total.
Wed.
ment, contributing to some extent, in conjunction with the high
Receipts at—
values put upon railway securities, to a feeling of uneasiness
New Orleans
15,992 10,424
7,704 12,692 14,766 12,626
74,204
not favorable to active trade. The weather is seasonably good,
Mobile
5,497
5,244
4,046 2,097
1,598 2,584
21,06®
and the general condition of the country is regarded as emi¬
4.890
Charleston
23,310
3,882
2,922
3,676
3,872
Trade has become comparatively dull. The
values at which many staples of agriculture are
...
nently prosperous.
In provisions a generally quiet state of affairs has prevailed,
Lard toward the close has
pork.
particularly in
been
advanced, in sympathy with the Western markets, but for other
articles the course of prices has been downward, and much
irregularity has prevailed, occasioned by the heavy stocks.
Old mess pork was sold on the spot to-day at $13@$13 25, and
offered at the close at $13; new mess quoted at $14 @$14 50; old,
for December, quoted at $12 55@$12 90; January, $13 75@$14 40,
and February, $13 90@$14 30, bid and asked. Bacon has been
extremely dull, and closed only about steady at 7Mc. for long
clear and 7/£c. for long ana short clear together. Lard was
higher to-day, due to speculative support; the export demands
at the moment are meagre; prime Western sold on the spot at
8‘90c., and to arrive at 8 85c.; December contracts realized 8’80
@8*90c.; January, 8*90@8*97/£c., closing at 8'92/^c. bid; Feb¬
ruary, 9*02)£@9T0c., closing at 9*02/6c. bid; March, 912)6
@917)6c., closing at 9'12/6c. bid; April, 9‘20@9,22/£c.; seller
4,068
Port
Royal, &c.
Savannah
4,720
Brunswick, &c.
2,300
Florida
Wilmington....
Increase.
Pork..
lbs.
Bacon ....lbs.
Lard
lbs.
7,599,400
89,530,611
48,013,576
9,210,200
86,349,636
48,663,754
3,180,975
Total. ...lbs
145,143,587
144,223,590
3,180,975
Decrease.
1,610,800
350,178
1,960,978
The market for Kentucky tobacco has continued very dull
and sales for the week are only 200 hhds., all for export.
Prices, however, are without quotable decline ; lugs 4)6@6c.
and leaf 6)£@12c. Seed leaf is much less active, the sales for
the week aggregating only 850 cases, as follows : 650 cases
1879 crop, Pennsylvania, 12c to 25c. and 200 cases 1879 crop,
New England, 1 lc to 30c. Also, 750 bales Havana at 85c. to $1 20.
1,929
2,459
....
....
....
770
753
181
6,523
5,042
26,52$
514
514
2,141
1,210
1,791
722
595
12,601
1,791
5,053
....
....
....
....
1,430
842
842:
4,051
31,365
8.726
8,726
Totals this week 41,993 42,522 30,650 33,332 40,452 49,541
238,490
Moreh’d City,&c
Norfolk
4,503
City Point, &c..
7,402
....
....
....
5,194
4,785
5,430
....
....
....
....
For
comparison, we continue our usual table showing
week’s total receipts and the totals for the corresponding weeks
of the four previous years:
this
quiet, and prices are less firm. Cheese has sold more liberally
for export, and fancy factory September has been advanced to
13@13Mc.; prime, ll)6@12Mc. Tallow lower and more active
at 6@6)4c. The following is a comparative summary of aggre¬
gate exports from Nov. 1 to Dec. 4:
1878-79.
2,562
2,06030,252
181
....
....
....
783
Receipts this w’k at—
1879-80.
2,472
2,565
....
2,060
6,397
....
5,400
....
....
6,362
....
4,251
3,861
....
3,561
Indianola, &c...
Tennessee, &c..
....
....
5,623
....
Galveston
months, 8*80@8*8,85c.; refined to the Continent, 9T7/£c.
Beef has been in moderate demand at $18@$20 for extra city
India mess. Beef hams, $16 50@$17. Butter has been rather
Bix
....
....
1880.
New Orleans
74,204
59,9G7
Mobile
21,066
17,773
Charleston
23,310
2,060
30,252
26,525
22,238
71,535
24,264
20,434
396
392
511
746
12,782
1,791
5,895
31,365
8,726
25,909
233,490
Royal, <fcc
Port
Savannah
Galveston
Indianola, &c
Tennessee, &c
Florida
North Carolina
Norfolk
City Point, &c
Total this week
...
36,164
19,017
24,300
73,392
25,658
22,355
561
1
4,763
23,287
10,401
25,694
20,740
1,233
9,538
2,328
3,862
19,088
5,721
31,242
29,854
218,907
201,882
23,388
19,441
598
Total since Sept. 1. 3,019,684 2,304,948 2,376,155
The exports
1876.
1877.
1878.
1879.
27,245
24,916
476
582
12,275
22,101
9,930
1,000
6,385
20,487
3,986
949
231,594
171,596
978
7,322
‘2,103,29112,399,430
for the week ending this evening reach
a
total of
161,970 balas, of which 93,061 were to Great Britain, 24,298 to
France and 44,611 to rest of the Continent, while the stocks as
latterly been in better demand, and fair grade, made up
evening are now 920,593 bales. Below are the
being rather scarce, has advanced to 12%c., though the lower exports forthis
the week and stocks to-night, and a comparison with
grades have been only steady, owing to an abundant supply ; the corresponding period of last season:
more favorable advices from Kio de Janeiro have
received
Kio coffee has
been
and have contributed not a little to restore confidence in the
trade ; the close is at 12%@13c. for fair cargoes. Mild grades
Rave been dull and depressed with a large supply, the stock
here a few days ago being 96,000 bags and 190,212 mats ; Mara¬
caibo closes at 10)6@13c.; at the close, however, the market has
a firmer tone, though there is no quotable advance. - Rice has
been less active, but has shown
no quotable change in prices.
New Orleans molasses has sold fairly at lower prices ;
foreign has been dull and nominal. Raw sugar advanced to
7%c. for fair refining some days ago, but latterly, with a fallingoff in the trade in both raw and refined, the market has been
rather weak ; the close, however, is steadier for centrifugal.
New crop
Hhds.
Boxes.
Btock Dec. 1, 1880
37,710
Bags.
7,646
Receipts since Dec. 1, 1880
10,592
8ales since Dec. 1, 1880
Btock Dec. 15, 1880
Btock Dec. .17, 1879
19,725
28,577
35,017
478
226
966,761
181,668
58,219
1,090,210
541,180
.-
7,898
10,854
2,813
1,195
pipe line opened 91 Me, sold up to 91%c., and
Ingot
some
copper quiet at 18%@19c. for Lake.
sale at rather easier figures. Clover
seed, 7)£@8)6c., and dull.
The business in ocean freight room has been limited, owing
te the exceedingly reduced supplies of tonnage; and grain
being held above export prices, rates at the close were higher
and firm. Among the engagements were grain to Liverpool by
steam at 7)£@7%@7/4d. ana cotton at 3-16@Md.
nent.
65,056
16,950
12,474
2,502
8,457
Galv’t’n-
11,771
5,200
13,591
N. York.
5,172
865
Norfolk-
13,112
....
Other*..
8,583
....
Charrt’n
Savan’h.
93,061
STOCK.
Same
Week
1879.
1880.
46,435
57,493
1,829
9,318
13,112
10,412
16,762 104,464 68,886
14,032 135,183 91,500
13,247 95,095 84,102
10,645 132,887 102,533
4,370 59,565 66,72
12,462 77,500 48,000
44,611
161,970
111,890 920,593 809,498
32,129
18,352
13,591
17,856
4,695
....
....
3,231
....
24,298
1879.
39,872 209,164 290,261
....
....
week..
106
35,632
Conti¬
France.
Mobile..
Total
this
Week.
900
market reached to 9/4c. from refiners and 9)£c. for re-sales.
Crude certificates closed irregular and quite active at the new
mixed
N. Orl’ns
Tot. this
per gallon) in Loudon, owing to the presence of a large “ short ”
interest which the “ long ” party most effectually pressed. At
the close there was a decline of lc. per gallon there and this
;
Great
Dec. 17. Britain.
3,607
'
figures
EXPORTED TO—
Melado.
Refined sugar has latterly been quiet and lower, but closes
firmer with abetter demand; crushed, 10c.; powdered, 9%@10c.
Tea has continued to sell freely at auction, but generally at
lower prices.
The naval stores market has developed few features of inter¬
est. Spirits turpentine is steadily quoted at 45)£c for South¬
erns and 46c. for New Yorks in yard. The advices from London
and Liverpool show a decline at the close ; strained "to good
strained rosins are still dull at $1 80@$1 85. Alcohol in bond
is quoted at 38)£c for January. Refined
petroleum early in the
week sold at 10c for export, owing to a sharp advance (fully 2c
closed 9l%c. bid.
Wool has been in
Week
ending
Tot.siuce
Sept. 1.. 1091,673 225,610 395,426 1712.709 1533,313
....
....
icpor
timore, 4.326 bales to Liverpool and 1,829 b»les to Bremen ; from
bales to Liverpool; irom Philadelphia, 1,696 bales to Liverpool.
Boston, 2,561
From the foregoing statement it will be seen that, compared
with the corresponding week of last season, there is an increase
in the exports this week of 50,080 bales, while the stocks to-night
111,095 bales more than they were at this time a year ago.
In addition to above exports, our telegrams to-nignt also give
ns the following amounts of cotton on shipboard, not cleared, at
the ports named. We add similar figures for New York, which
are
are
prepared for
our
special
use
v
Lambert, 60 Beaver Street.
On
DEC. 17, AT—
Great
Britain.
New Orleans
Mobile
Unarleston..:..
Savannah
Galveston
New York
Other ports.
Total
*
67,571
14,700
..
7,647
8,000
22,787
4,500
Shipboard, not cleared—for
France.
Other
Foreign
Total.
9s,750
170,714
21,500
25,947
44,000
24,935
78,517
91,183
52,852
10,077
3,300
4,950
1,600
4,094
1,400
12,^00
550
26,500
11,194
4,000
7,409
None.
900
None.
2,000
65,071
5,500
38,667
Included in this amount there
Leaving
Coast¬
wise.
17.008
23,000
148,205
by Messrs. Carey, Yale &
853
Stock.
126,487
7,000
42,243
6,400
32,000
17,897
270,840
649,753:
*
105,065
1,000 bales at presses for foreign,
ports the destination of which we eanot learn.
are
showing the movements of
Dec. 10, the latest mail date:
The following is our usual table
cotton at all the ports from Sept. 1 to
09
8»
89gl
o2|* asgi
So®
5
dS-®»
2
»
2.
1.
SEPT.
1879.
1880.
BT.Orlns
Mobile.
Char’n*
•flav’h..
Galv.*.
607,365
187,413
419,279
530,230
308,137
656,733
36,548
11,654
59,096
N. York
Florida
N. Car.
'Norf’k*
Other..
261,374 124,953
2,004
16,398
195,992
31,085
107,161
115,372
87,239
140,737
312,409
472,490
300,867
6,941
73,187
410,796
96,014
508,721
75,833
France.
9,108
13,915
16,053
81,306
97,530
6,925
....
■
2586,041' 060,762 132.944
Under the haul of
Galveston is included
'-Point. Ac.
*
41,867
158,277
17,506
61,472
90,897
63.000
9,591
....
wr:
00
®:
00
so a*
as
CP ® •
L
31S.717 1421,423
05
•
.
as ® •
•
®
:
speculation in futures on our Cotton Exchange the past
week has been moderately active, and prices have made wide and
frequent changes, not only from one day to another, but from
the opening and closing on the same day. The opening was
firmer, and price? continued to advanc e till about noon on
Monday, when a decline occurred, carrying prices back to about
the opening figures of Saturday. Then came much activity and
buoyancy in the later dealings of Tuesday, prices advancing
Wednesday was lower.
Thursday was
25@30 hundredths.
dearer, but closed flat. To-day the market opened dull and
weak, the early months declining materially. The improved
market of Saturday was due to the better advices from Liver¬
pool, and that of Tuesday was stimulated by the better public
and private reports from Manchester. The Bureau report was
made public on Wednesday, and, though differently inter¬
preted, was generally regarded as favorable to a yield fully up
to current estimates, and caused temporary depression.
The ad¬
vance maintained for a time yesterday was caused by rumors of
bad weather at the South, and to smaller receipts at interior
Cotton on the spot was quiet and unchanged until yester¬
towns.
day, when the high grades wrere advanced %c. and the medium
and lower grades
To-day the market was quiet and un¬
changed,'middling uplands closing at 12c.
The total sales for forward delivery for the week are 770,000.
bales, including
free on board. For immediate delivery
the total sales foot up this week 5,114 bales, including 1,710 for
export, 3,105 for consumption, 299 for speculation, and
in
transit. Of the above,
bales were to arrive. The follow¬
ing are the official quotations and sales for each day of the
past week:
!
9
cn
Sat.
Sat.
Moil- Tue*
04
00 d?
9^
IOSq
104
1078
1G78
11
11
9 4
1
1
‘71B
Middling... 1178
HU,
1 i 78
Good Mid.. 124
Str. G’d Mid 12 4
124
12 4
Midd’g Fair 13
13
.
135g
Fair
135g
Th.
Wed
Strict Ord..
94
Good Ord.. 10*2
Btr. G’d Ord 1078
Low Midd’g 11716
11
878
94
104
878
94
104
11
11
ll
11
124
12 4
124
134
137a
78
124
124
13
135s
Wed
Fri.
1058
s78
93s
105a
11
11
11
9
93s
I
134
137b
Th.
1378
137s
Fri.
Wed
9
9
934
934
1034
11*8
1034
11*8
124
124
124
13 4
137s
124
12 4
124
134
124
124
124
134
124
124
124
934
1034
11*8
1038
11
Good Mid
12*4
Btr. G’d Mid 12*12
..
Midd’g Fair
13
Fair
1338
12*2
124
13*4
12*2
1234
13*4
I37e
1378
i 12*2
<
1378
Sat.
STAINED.
Good Ordinary
"Strict Good Ordinary
Low Middling
123*
13*4
1234
13
13
13*2
14*8
13*8
14*8
9710
lO^XQ
114b
12**
1234
13*4
137S
S16
9716
97x«
10«X6
1 L3]0
10516
113X0
1234
1234
13
13
13*8
14*8
13*2
14*8
Th.
Mod Toes Wed
3916
$ lb.
Middling
1234
Fri.
So116
S18
97I6
99ib ,946
10^X6 107xb 107X6
11316 11516 115x6
MARKET AND SALES.
8POT MARKET
CLOSED.
Sat..
Mon
Tues.
Wed.
Thurs
Fri.
.
.
Total
port.
Consump.
210
100
Dull
Dull
Steady
m
Quiet and steady
Steady; quo. rev.
Dull and easy....
....
Ex¬
..........
....
500
200
700
1,710
Spec-
ul’t’n
Tran¬
Total.
sit.
226
420
685
785
684
305
3,105
204
,
.
.
,
....
•
•
•
95
299
•
•mm
•
m
m
•
....
•
•mm
....
....
Sales.
Deliv¬
eries.
800
50C
436 101,800
721
94.400
685 183,000
1,100
1,285 159,400
900
884 122,000
1,100 109,400
1,200
5,114 770.000
5.100
600
actually delivered tiie day pre¬
Tiie daily deliveries given above are
vious to that on which they are reDorted.
The Sales and Prices of
Futures are shown by
ing comprehensive table. In
the follow¬
this statement will be found the
daily market, the prices of sales for each month each day,
'the closing bids, in addition to the daily and total sales.
and
: sj
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£3ts*'*
?S
Includes for September, 1S81, 100 at 12*65,100 at 12*80, 300 at.
10*50, 400 at 12'50, 100 at 12 45, 500 at 12*50, 100 at 12*50,
at
12*48, 200 at 12*50. 400 at 12*56, 100 at 12*03, 500 at
12-90, 100 at 12-98, 400 at 12*01, 100 at 12*01; 100 at 12*26, 300 at
12*35, 200 at 12 40, 100 at 12*39, 200 at-12*40, 1,000 at
12*38, 100 at 12*40, 200 at 12*50, 100 at 12*55; for October,
at 11*85, 100 at 11*92, 800 at 11*90, 500 at 11*98, 1,000 at 11*90, 100
at 11*93, 400 at 11*95, 100 at 11*85, 1,000 at 11*84, 700 at
at 11*89, 600 at 11*90, 500 at 11*60, 1,500 at 11*62, 500 at
at 11*70, 300 at 11*71, 500 at 11*73, 200 at 11*75, 200 at 11*80;
November, 1881,300 at 11*61,100 at 12 66; also sales in
*
for
FUTURES.
TRANSIT.
SALES OF SPOT AND
•
tOM
©
11916 119,6 ! 1lll16 11l316 ll13ie 111116 111316 111310
^Str.L’wMid M16 iu»16 111316 1115J0 12*18 12*18 111516' 12*16 12*16
12*4
12*8
12*4
12*4
12
12*4
12*8
Middling... 1178 12
: tt
•
©ob
©00
9
934
103,
11*8
:
•
MM
00©©
Fri.
9
a
§.
MM
to 3
87e
938
*
6
;
m
Pi.
M
MM©
©
©
124
1-2 4
124
134
1378
Th.
:
Ml
;
0*3;
®
:
pi.
‘
jS
l
§3i
•5
®
:
;
co
ii-s|
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I QX CO
87b
94
104
p.g:
:
i
’
Sgi
I
Lrn4
M
MMo
11716 IULb 111 Lb ll”i« 1114e 111116 111110
lULe 111516 1115m lH5lfj 1U5i6 U15l« 111516
9*8
1058
9
87s
Ordin*y.$B>
878
94
ilO 4
878
94
87h
94
104
878
87e
Strict Ord.
94
Good Ord.. 104
Btr. G’d Ord 1078
Low Midd’g 11 716
Str.L’w Mid Hn16
a|j
'O O
^
MM
CM
Ordin’y.’gUb
|5E? giES?
-5 ®
MM
1 ©
©
-1
©
©
Itlon. Tqcm
Sat.
bS-®^
*
Dul.
&
a
M M O
Mon Tnen
5
ct-
TEXAS.
NEW ORLEANS.
UPLANDS.
.
:
nil
m\
® Pi
Ui
MM
Dec. 11 to
Dec. 17.
cj
»;
CL.
B
O
as
ot
®
.
5 ;
753.432
Charlaeton is included Port Royal, Ac ; under the heaH of
Indianola. Ac.; under the head of Hor.olk. is includod City
•
p-o ;
S*4 :
©
8
-j.
P »
o •
o..
1550,739 908,336
The
-
I
•
§5:
£
....
998,612 201,312 i 350,815 i
This yr. 2781,194
Last year
19,465 38,724
202,772 119,743
230,007 141,260
134,586 89,287
189,775 117,500
7*
p*5:
483.093 261,844
...
1,444
2,850
33,599
155,427
a;
a
96,866
1,063
64,526
105,527
33,432
32,985
....
g|g?
?•*: D
m
®
Total.
Foreign
[t
PraSg1
a
a>
Stock.
Other
Great
Britain.
o
»
B*® « &
a
EXPORTED 8INCE SEPT. 1 TO—
RECEIPTS 8INCE
Ports.
655
THE CHRONICLE
1880. J
December 18,
September, 621,400;
vember, 762,100.
100
12*50, 100 at
12*25, 500 at
1881, 100
11*88, 400
12*76, 200
for
September
Sept.-Oct. for Oct., 946,500; Sept.-Nov. for No¬
1881,100 at 12*42.
1881, BOO at 12*33, 500 at 12*42.
1881, 400 at 12*42. 200 at 12*49,
12-50; for October, 100 at 11*83, 100 at 11*84, 200 at 11*88.
D Includes for September, 1881, 400 at 12*55; for October,
Includes for September,
Includes for September,
C Includes for September,
A
B
11*81.
E Includes for October, 1881, 100 at 11*83.
1’ Includes for October, 1881, 100 at 11*83.
Transferable Orders—Saturday, 1185; Monday,
100 at
100 at
11*80; Tuesday,
11*95; Thursday, 12; Friday. 11*90.
December—Saturday, 11*71; Monday, 11*78, T.1‘83,
11*72; Tuesday, 11*79; Wednesday, 12; Thursday. 11*95; Friday/,
11*93,11*92,11*89.
*
12 05; Wednesday,
Short Notices for
during the week:
for Mar .
cable and
The following exchanges have been made
pd. to exch. 1,000 Jan. for Apr. I *48 pd. to exch. 1,000 Dec.
pd. to exch. 100 Deo. for Jan.
|
The Visible Supply op Cotton, as made up by
*52
•16
telegraph, is as follows.
The Continental stocks are
the figure#
THE CHRONICLE.
656
tf last Saturday, but the totals for Great Britain and the afloat
for the Continent are this week’s returns, and consequently
brought down to Thursday evening; hence, to make the totals the
complete figures for to-night (Dec. 17), we add the item of exports
from the United States, including in it the exports of Friday only:
426.000
tales.
1878.
1879.
366,000
1880.
Stock at Liverpool
Stock at Loudon
39,700
1877.
333,000
53,000
338,000
16,250
408,664
47,560
1,213
386.000
354.250
112,2?»0
3.750
6,356
1,800
10,160
8.000
2.500
34,250
5.750
13,500
25,250
30,750
21,000
•
42,664
’
Total Great Britain stock
Stock at Havre
Stock at Marseilles
Stock at Barcelona
Stock at Hamburg
8tock at Bremen
Block at Amsterdam
Stock at Rotterdam
Stock at Antwerp
Stock at other conti’ntal ports.
464,700
97,000
6,800
33,300
Total continental ports....
2.300
20.000
9.800
77,750
1,500
6.500
1,360
6.750
5,950
1,358
3,250
5,500
181,131
83,307
136,250
225,500
Total European stocks..
India cotton afloat for Europe.
Amer’n cotton afloat for Eur’pe
645,831
491.971
79.719
522,250
579,750
59,000
38,000
658,OOC
49 L.000
Egypt, Brazil, Ac.,aflt for E’r’pe
45,000
920,593
171,181
675,985
47,626
809.498
200,186
13,000
761,079
175,107
823.098
132.463
18,000
17,000
24,000
5,000
981
..
51,000
626,000
Stock in United States ports
Stock in U. 8. interior ports...
United Stf tes exports to-day..
..
24,000
8,0< 0
3,250
5,750
The above totals show that the old interior stocks have in¬
creased during the week 14,226 bales, and are to-night 29,005
bales less than at the same period last year. The receipts at
the same towns have been 2,252 bales less than the same week
last year
Receipts
American—
RECEIPTS FROM PLANTATIONS.
Week
o
8
II
15
II
22
II
29
**
12
170,004
19
181,376
104,000
34,000
96,000
174.000
170,000
626.000
675,985
658,000
491,000
920,593
171,181
809,498
200,186
761,079
823.093
Dec.
175,107
132,463
44
10
24,000
18,000
17,000
24,000
4
17
116,000
77,131
49,307
79,719
47,626
....
51,000
....
•Egypt, Brazil, Ac., afloat..
Total East India. Ac
Total American
42,664
45,000
....
131,000
53,000
40,250
59,000
164,000
13,000
46,000
16,250
55,500
38.000
316,831
296,250
319,750
335,316
....2,166,774 1,937,669 1,909,186 1,814,561
....
Total visible supply... ....2,433,605 2,322,935 2.205,436 2,131.311
Price Mid. Upl., Liverpool
6i310d.
6i310d.
5hed.
157,280
182,874
It
202,000
105,000
38,700
1879.
160,233
162,236
5
Nov.
1878.
*4
*
26
184,625
3
220.748
....
220,291
201,882
Stock at Interior Ports Rec'pts from Plant'ns.
1878.
1880.
130,990 162,303 172,221
148,158 169,408 199,094
1
Oct.
250,000
....
Receipts at the Ports.
ending—
321,000
?,166,774 1,987,669 1,909,186 1,814,561
the
another, at the expense of the interior stocks. We reach,
therefore, a safer conclusion through a comparative statement
like the following. In reply to frequent inquiries we will add
that these figures, of course, do not include overland receipts or
Southern consumption; they are simply a statement of the
weekly movement from the plantations of that part of the crop
which finally reaches the market through the out-ports.
Continental stocks
American afloat for Europe
United States stock
United States interior stocks..
United States exports to-day..
....
from
than
Liverpool stock
Total American
East Indian,Brazil, dc —
Iivevpool stock
Lfndon stock
Continental stocks
India afloat for Europe...
Plantations.—The
following table is
prepared for the purpose of indicating the actual movement each
week from the plantations. -Receipts at the outports are some¬
times misleading, as they are made up more largely one year
46.000
Total visible supply
2 ,483,605 2,322,985 52,205,436 2,134 311
Of the aoove. the totals of American and other descriptions are as follows:
[Voi. XXXI.
1880.
1878.
1879.
1880.
140,328 173,736 189.947
160,773 186,114 223,445
181,714 210,367
180,007 194,028 229,176
214,461 236,341
180,526 229,227* 267,211
245.613 254,833
174,427 265,355 281,741
225.0S7 251.768
217,338 243,257 276,851
220,216 215,842
201,089 273,437 288,218
195,284 250,280 271,809
218,408 256.618
249.152 205,192
202,046 294,337 210,777
216,167 2! 8,341
251,116 j 239,093 219,295
231.876 243,137 259.129 817.468 265,276 243,140:205,235 259,548
218.907‘238,490 280.957 343.503 294,224 226,710 244,942 207.438
The above statement shows—
1. That the total receipts from
1880
1879.
47,208 52,207 78,735
59,823 68,913 103,086
79,507 81,227 121,895
97,887 95,993 152,765
115.034 115,* 35 179,676
149,498 133,905 204,759
171,583 187,126 227,135
188,491 218,998 242,326
205,912 264,183 247,911
236,280 287,109 248,865
the plantations since Sept. 1 in
3,292,965 bales; in 1879 were 3,141,150 bales; in 1878
2,651,460 bales.
were
were
2. That the
receipts at the out-ports the past week
were
238,490 bales, and the actual movement from plantations 267,438
bales, the balance being added to stocks at the interior ports.
Last year the receipts from the plantations for the same wbek
were 244,942 bales and for 1878 they were 226,710 bales.
....
Weather Reports by Telegraph.—There has in general been
figures indicate an increase in the cotton in sight considerable improvement in the weather conditions the past
to-night of 160,620 bales as compared with the same date of 1879, week. Rain has fallen at many points, but at most it has been
an increase of 278,169 bales as compared with the corresponding
inconsiderable in amount.
date of 1878, and an increase of 349,294 bales as compared with
Galveston, Texas.—The weather during the week has been
the corresponding date of 1877.
warm and dry.
Picking is progressing finely, and roads are
In the preceding visible supply table we have heretofore only
greatiy
improved.
Average thermometer 63, highest 72 and
included the interior stock* at the seven original interior towns. lowest 49.
As we did not have the record of the new interior towns for the
Indianola, Texas.—There has been no rainfall during the
four years, we could not make a comparison in any other way.
week, and roads are drying fast.
Picking is making good
That difficulty no longer exists, and we therefore make the fol¬
progress. The thermometer has ranged from 50 to 74, averag¬
lowing comparison, which includes the stocks at the nineteen ing 63.
towns given weekly in our table of interior stocks instead of only
Corsicana, Texas.—We have had no rainfall the past week,
The above
the
o Id seven
towns.
We shall continue this double statement for
time, but finally shall simply substitute the nineteen towns for
the seven towns m the preceding table.
a
American—
Liverpool stock
1880.
321,000
10 4,000
bales
Continental stocks
American afloat to Europe....
United States stock
United States interior stocks..
United States exports to-day..
Total American
East Indian, brazil, dc.—
626,000
920,593
294,224
24,000
:
1878.
202,000
1877.
174,000
96,000
658,000
761,079
230,957
17,COO
170,000
491,000
823,098
226,559
24,000
.289,817 2,130,936 12,015,036 1,908,657
105,000
38,700
77,131
Continental stocks
India afloat for Europe.
51,000
45,000
Total East India, Ac
Total American
1879.
250,000
34,000
675,985
809,498
343,503
18,000
116,000
42,664
49,307
79,719
47,626
131,000
164,000
53,000
16.250
55,500
40,250
59,000
13,000
33,000
46,000
316,831
335,316
296,250
319,750
2,289.817 2,130,986 2,015,036 1,908,657
Total visible supply
2,606,618 2,466,302 2,311,286 2,228,407
At the Interior Ports the movement is set out in detail in
the following statement:
Week
ending Dec. 17, ’80.
Stock.
Receipts. Shipm'ts
Augusta, Ga
Columbus, Ga....
6,269
5,582
Macon, Ga
2,057
5.742
20,848
23,397
Week
ending Dec. 19, ’79.
8,045
2,602
4,860
Nashville, Temi..
5,522
24,802
3,262
13,732
9,722
81,295
14,142
26,330
2,506
Total, old ports.
53,236
39,010 171,181
55,488
Dallas, Texas....
3.527
2,421
4.829
5,784
2,445
3,116
Montgomery, Ala
Selma, Aia
Memphis, Tenn..
Jeflerson, Tex...
Shreveport, La...
Vicksburg, Miss.
Columbus, Miss..
Eufaula, Ala.
Griffin, Ga.*
Atlanta, Ga
Rome, Ga
Charlotte, N. C.
St. Louis, Mo....
Cincinnati, O....
Total, new p'rts
...
.
Total. «J1
*
Tliie
1,200
5,S66
1,851
1,385
3,621
6,004
508
2,326
1,393
8,432
5,220
5,538
5,597
3,414
2,178
3,532
750
750
8,081
7,184
6,079
3,560
2,600
17,659
5,561
7,728
2,360
5,932
2.299
1,898
1,560
1,935
2,931
400
14,413
7,986
4,815
3,138
3,185
12.237
10,002
1,752
67,2.5
1,904
4,805
17,157
4,360
5,012
1,448
12,998
1,040
34,678
15,994
854
16,547
8,961
23,602
12,710
19,782
11,170
68,186
53,464 123,043
67,505
59,828 143,317
121.422
92,474 294,224
122,993
96,958 343,503
6,113
1,493
18,394
1.453
year’s figures estimated.
Average
Dallas, Texas.—There has been no rainfall during the past
week, and picking is progressing finely. Roads greatly improved.
Farmers are in great straits, as cotton picking, corn gathering
and wheat planting are
thermometer has
all in
arrears, ana
labor is deficient. The
averaged 53, with a range of from 40 to 71.
Brenham, Texas.—We have had
warm, dry weather during
Picking progressing, but much cotton has been
already lost, and much additional will never be picked. Roads
better, but still bad. Farmers have not yet been able to gather
corn, which is injured somewhat.
Average thermometer 61,
highest 73 and lowest 42.
,
Waco, Texas.—No rain has fallen during the week, and pick¬
ing is making fine progress. Roads greatly improved. There
are large accumulations at railroad depots, but transportation
facilities are inadequate. There is great complaint of deficient
farm labor. The thermometer has averaged 59, the highest being
the
week.
71 and the lowest 39.
New Orleans, Louisiana.—We have
on three days
hundredths of an
had rain
the past week, the rainfall reaching fourteen
inch. The thermometer has averaged 59.
been fair to
4,936
5,402
4,013
deficient.
Stock.
1,667
.
movement resumed,
Shreveport, Louisiana.—The weather during the week has
cloudy and dry, the thermometer ranging from 34 to
14,087 75, and averaging 54.
4.924
Roads are now in an excellent condition.
18.785
1,540
Vicksburg,
Mississippi.—Telegram
not received.
998
6,499
Columbus, Mississippi.—Rain has fallen daring the week on
3,802
16,554
16,873 four days, to a depth of one inch and forty-nine hundredths.
3,165
19,004 114,626
12,762 Average thermometer 50, highest 70 and lowest 30.
3,697
Little Rock, Arkansas.—Saturday, Wednesday and Thurs¬
37,130 200,186 day of the past week were cloudy, with a light rain on each day,
Receipts. Shipm'ls
6,202
3,416
1,269
3,091
4,673
16,922
3,407
and
picking is progressing. Roads better and
but railroau transportation facilities are very
thermometer 54, highest 71 and lowest 39.
15,183
there is
The balance
averaged 47,
ranging from 22 to 66, and the rainfall has reached twenty-six
ana
a
heavy fog and mist prevailing
of the week has been clear.
now.
The thermometer has
hundredths of an inch. The rainfall last week was was eightyfour hundredths of an inch, instead of four hundredths as
printed.
Nashville, Tennessee.—Rain has fallen during the past
three days to a depth
thermometer lias ranged
on
of ninetyhundredths of an inch.
from 18 to 61, averaging 42.
week
The
Memphis, 'Tennessee.—Telegram not received.
Mobile, Alabama—The earlier part of the past week was
clear and pleasant, but' it has been showery three days the lat¬
ter portion, the rainfall reaching twenty-three hundredths of an
inch.
Average thermometer *55,"highest 71 and lowest 31.
December
THE CHRONICLE
18,1880. J
657
In North Carolina 43 counties
Montgomery, Alabama.—It has rained on five days, the rain¬
report an increase in the crop
reacning one inch and forty-two hundredths, and i: is still as compared with last year of 14 per cent; South Carolina,
18
raining; the balance of the week was cloudy. The thermometer counties average an increase of 9 per cent; Georgia, 57 counties
has ragged from 27 to 73, averaging 53.
an increase of 5 per cent;
Florida, 14 counties an increase of 7
Selma, Alabama.—Rain has fallen during the past week on per cent; Alabama, 27 counties reporting make a decrease of
three days.
12 per cent; Mississippi, 35
counties reporting average a
Madison, Florida.—Telegram not received.
decrease of 17 per cent; Louisiana, 18 counties
reporting, a
Macon, Georgia.—It has rained during the week on three decrease of 15 per cent; Texas, 68 counties
reporting give an
days, the rainfall reaching one inch and fifty-six hundredths. average increase of 30 per cent; Arkansas, 32 counties report¬
The thermometer ha3
ing average a decline of 7 per cent; Tennessee, 23 counties
ranged from 34 to 79, averaging 54.
Columbus, Georgia.—It has rained severely on two days the report an average decrease of 15 per cent.
pa3t week, the rainfall reaching three inche3 and forty-five hun¬
Cotton Exchange Reports for December.—We
dredths, and much damage has been done. The thermometer
publish below
the
Cotton Exchange condition reports for Dec. 1:
has averaged 56.
Savannah, Georgia.—We have had rain on two days, the
Norfolk Department.
rainfall reaching two inches and nine hundredths, but the balance
The Norfolk Cotton Exchange,
through their Committee
Information
of the week has been pleasant.
Average thermometer 53; and Statistics, composed of Louis Hilliard, W. D. ou
Rountree and
J. C. Maximos, issues the
highest 73 and lowest 29.
following report, covering the State of
Augusta, Georgia.—During the earlier part of the past week Virginia and the following Counties in North Carolina: Rutlierfora,
Lincoln,
Catawba,
Rowan, Davidson, Iredell, Burke, Wilkes, Caldwell,
the weather was clear and pleasant, but the latter portion has
Alexander, Davie, Forsythe, Yadkin, Stokes, Surrey,
been' cloudy and sultry, with light rains.
Crop accounts Caswell, Person, Granville, Warren, Franklin, Nash, Wake,Rockingham,
Hyde, Pitt,
unchanged. Planters are sending cotton to market freely. Av¬ Green, Cartaret, Craven, Beaufort, Tyrrel, Washington, Martin, Bertie,
Cliowan, Pasquotank. Camden, Currituck, Gates, Hertford, Northampton
erage thermometer 50, highest 69 and lowest 26, and ranifall and Halifax.
twenty-two hundredths of an inch.
North Carolina and Virginia.—82 replies from 32 counties.
Charleston, South Carolina.—We have liad rain on three
Thirty-seven replies show that the weather lias been favorable from
dags the past week, the rainfall reaching forty-eight hundredths
the 1st to the 15th of November. From the 15th to the 30th of
of an inch. The thermometer has averaged 53, the
Novem¬
highest ber 44 show unfavorable weather,
one quite favorable.
Sixty-eight
being 68 and the lowest 28.
replies show less favorable weather thau last year, 4 better weather aud
The following statement we have also received by telegraph', 10 the same weather as last year* The average of the 82
replies shows
85 per cent of the crop has been picked aud with
good weather the
showing the height of the rivers at the points named at 3 o’clock that
balance could be picked
fall
by the 15th or ‘20th of December. Fifty-three
replies show an average increase of 19 per cent, 5 a decrease of 24 per
cent, 12 the same yjeld as last year, and 2 a worse yield than last year.
Little or no damage has been done
by frost. An average of the. 82 replies
shows that 74 per cent of the crop has been marketed. The
replies indi¬
cate that ihe fine weather in September and October enabled
planters to
make good progress in gathering the crop and that saved
prior to the
1st of November is of good quality and
staple. Sines November 15th
there has been little or no picking done iii o msequenee of wet and'cold
weather. Should wet or cold weather continue much of the cotton
remaining ungathered will bo lost.
December 16, 1880, and December 18, 1879.
Dec. 16. ’80.
Feet. Inch.
New Orleans
Below high-water mark
..
8
Memphis
Above low-water mark...
23
1
Nashville
Above low-water mark...
8
O
Shreveport
Above low-water mark...
Above low-water mark...
14
29
10
Vicksburg
Dec. 18. ’79.
Feet. Inch.
11
O
23
4
23
11
l
20
5
8
2
10
New Orleans reported below high-water mark of 1871 until
Sept. 9, 1874, when the zero of gauge was changed to high-water
Charleston
mark of April 15 and 16,1874, which is 6-10ths of a foot above
or 16 feet above low-water mark at that point.
Cotton Crop Estimates.—At the close of last week
we
covers
had
telegraphic summaries of the Cotton Exchanges’ November
and this week the Agricultural Department’s
cotton report is issued.
The full text of the returns to the
South Carolina.—55
condition reports,
Cotton
Exchanges
furnish
our
we
Agricultural Department.
That
our
statement issued
by the
readers may have before
them the results reached
by each of these reports, we have
prepared the following table. The first column is the actua
production of each State for the year ending Sept. 1, 1880. Of
course
this division of last
year’s yield between the States
does not
pretend to be accurate (as it is largely estimate), but
sufficiently near the actual result to furnish a safe basis
upon which to work out this year’s percentages. As the Cotton
it is
Exchanges do not in general state the increased
yield with definiteness,
we
have had to
use
decreased
or
our
discretion in
determining the meaning of their percentages.
Estimate
Actual
States.
Production,
for 1880-81 of the
Agricultural Bureau.
Cotton
Exchanges.
1879-80.
Per Cl.
No. Carolina..
So. Carolina..
Georgia
Florida
Alabama
Mississippi....
Louisiana
Texas
Arkansas
Tennessee
All others....
Total
200,000
400,000
710,000
162,000
650,000
720,000
695,000
900,000
770,000
400,000
150,000
5,757,000
114
109
105
107
88
83
85
130
Bales.
228,000
436,000
745,500
173,340
572,000
597,600
590,750
1,170,000
Per Ct.
Ill
100
100
88
80
120
716,100
80
340,000
150,000
69
5,719,290
The foregoing shows that according to
576,000
528,200
1,030,000
76
85
....
222,000
408,000
710,000
162,000
572,000
102
93
100
Balts.
616,000
276,000
150,000
100
5,300,200
....
the Agricultural
Department this season’s crop will be 5,719,290 bales, and
according to the Cotton Exchanges it will be 5,300,200 bales.
Thb Cotton Crop—Agricultural Department.—The follow¬
ing statement, showing the extent of the cotton crop,
issued by the Department of
Agriculture December 15:
was
There is a decline in the return of December 1, compared
with that received November 1. The continuance of
rain and
the very cold weather in November lowered the estimates
of
^
the States
w a
bordering on the Mississippi River. The following
summary of the reports for the month by States :
replies from 28 counties.
The reports about the character of the weather all
agree as to its hav¬
ing been very wot and unfavorable, and they also state, without exception,
that it has been less favorable thau the same time last
year for gatheriug the crop. The proportion of the crop picked up to the 1st inst. is
reported by none under three-fourths, by most seven-eighth?, and
by a
few nearly all of the crop is stated to have been
picked. All expect the
last of the crop to be picked during December. The
yield, as compared
with last year, is estimated by five to be 20
per cent, by eleven 10 per
cent, and by eleven 5 percent more, by fourteen about the same, by seven
10 per cent, and by seven 15 per cent less. About half
report that little
or no damage has been done
by frost, while the other half state that
nearly all late cotton has been partly or wholly destroyed. Rain has
damaged the ung ithered crops more than frost, and from this oause most
of the unopened bolls will rot. Those
reporting an increase in the yield
do not estimate that it will be as great as last
year per acre, but attribute
it mostly to increase in acreage planted and
greater use of fertilizers.
The proportion of the crop that has been marketed is estimated
at from
75 to 90 per cent.
give to-day in another column, and also
readers with the entire
Department
the State of South Carolina, and is prepared and issued
by the
Charleston Cotton Exchange, through their Committee on Information
and Statistics, composed of A.
Norden, Chairman, R. D. Mure, E. Willis
aud L. J. Walker.
1871,
Savannah
k
Department.
This report covers the State
of Georgia and the Stale of Florida. Th«
report is prepared and issued by the Savannah Cotton Exchange, through
their Committee on Information and
Statistics, composed of J. H. John¬
ston, Claviua Phillips, J. J. Wilder, L. G. Young and F. M. Farley.
Georgia.—78 replies from 53 counties.
The weather was rainy throughout the month, and was far less
favor¬
able than last year. Three-quarters to
seven-eighths of the crop has
been gathered. That remaining in the lields is in
very poor condition.
Nothing is expected from the top crop, wet and frost having caused the
unmatured cotton in the bolls to rot. About tliree-Tourths of
that
gathered has been marketed. In tho southern portion of the State
reports represent an increase of production over last year. This is about
lost in other sections, so that even taking increased
acreage into
account, the yield of this State will hardly exceed that of last year.
Florida.—20 replies from
9 counties.
There was rainy weather
throughout the entire month. Seven-eighths
of the crop is reported ga hered, and three-quarters
marketed. The
outturn will not vary much from last season, which was rather a
poor
crop.
The yield promised well in August, but worms, rust and then
storms and continued rains have materially, cut off the
prospect. The
sea island crop
has beeu affected by bad weather like the upland.
Picking is nearly finished. Some localities report a decrease from last
while others a slight increase. The result, however, will be about
year,
the
seme as
last year.
Mobile Department
„
the State
of Alabama as far north as the summit of the Sand
Mountains, and the following Counties in Hississippi: Wayne, Clark,
Jasper, Lauderdale, Newton, Kemper, Neshoba, Nebaboe, Winston,
Lowndes, Oktibbeha, Clay, Monroe, Chicasaw, Itawamba, Lee, Pontotoc,
Prentiss, Alcorn and Tisbamiugo. The report is prepared and issued by
the Mobile Cotton Exchange, through their Committee on Information
and Statistics, composed of T. K. Irwin, Chairman, Julius
Buttner, 8.
covers
Haas, G. Thos. Cox aud G. L. Hopkins.
Alabama.—41 counties, 59 replies.
The weather during the month of November was cold aud
rainy, and,
as compared with last year, less favorable for
gathcriug the crop. About
an average of 87 per cent of the crop has
been picked, and all will be
gathered about the middle of December. The yield, as compared with
last year, is estimated in 27 of the most productive couuties at an aver¬
age of 17 per cent less. (Some of these counties report an increased
yield of from 5 to 16 per cent, and others a decreased yield of 50 per
cent. In the poorer couuties tho yield is estimated at 8 per cent
less.)
The injury from frost was slight, the continuing cold rain doing the
damage. It is estimated that about 65 per ceut of the crop has beeu
marketed.
Mississippi.—20 counties, 30 replies.
The weather in this State has been the same as in Alabama and less
favorable than last year.
About 80 per cent of the crop has been
picked, and all will be gathering between the middle and last
of Decern-
lHE
658
cent less titan last year.
(Two of the most productive counties and one poor county report an
increase.) The damage from frost was slight. About 57 per cent of the
The average
ber.
crop
yield is estimated at 11 per
is reported as having been marketed.
New Orleans Department
to the Mem¬
Louisiana, and
The report is pre¬
Orleans Cotton Exchange, through their
that part of the State of Mississippi not apportioned
phis and Mobile Cotton Exchanges; the entire State of
the Stale of Arkansas south of the Arkansas River.
covers
[vol. XXXI.
CHRONICLE.
cent gathered; completion whem
Yield— Is reported at about same to 30 per cent lew.
averaging 11 *2 per cent less than 1879. Frost Damage—None reported.
Crop Marketed—20 to 75 per cent, averaging 40 per cent of cropreported and marketed.
Miscellaneous—Labor much discouraged;
many abandoned cotton, seeking other employment.
Much complaint
of destruction of cotton by cattle and hogs.
85, averaging 66 per
from 50 to
weather permits.
aggregate—(125 responses.)
report almost continuous rain, snowor
for November. Compared with same
pared and issued by the New
month, 1879, all report very much less favorable, owing to excessive
on
and
Wm.
Committee
Information
Statistics, composed of
A. Gwyn, rains, snow and cold weather. Crop Picking—Is estimated at from 50 to*Chairman, W. II. Howcott. W. A. Peale, Scott McGohee, John Lawson,
90 per cent completed, averaging 63 per cent.
As to consummation
E. M. Hogan and J. P. N. Baquie.
of picking, 110 give indefinite time, predicated upon the future weather;
Louisiana.—113 replies from 34 parishes; average date 15 mention froth January 1 to March 1, with proviso of good weather.
Yield—116 report 10 to 50 per cent less; 9 an increase of 5 to 33 per
November 30.
cent, averaging 23 4 per cent less per acre than less year. Frost—101
Without an exception our correspondents report heavy and continual report no danger by frost; 24 a damage or 1 to 10 per cent, averag¬
rainfall throughout the month, with damaging results. There lias been ing 1J4 per cent damage. Crop Marketed—The proportion of crop
only live to six picking days during the month. In the northern portion marketed is variously estimated at fr >m 25 to 75 per cent less, averag¬
of the State consi let-able sleet and snow has fallen.
ing 46 per cent. Miscellaneous— Under this head there is much com¬
Weather as compared with last year decided\y less favorable for plaint of laborers deserting their cotton fields for other labor; that
much of the cotton yet in the field lias not opened and is seriously
gathering crop. The average portion of crop picked iswO per cent.
The date when remainder of crop will have been gathered depends
rotting. There is no" complaint of cotton falling out by reason of bad
weather, hut where wild stock break in (both cattle and ltogs) there
entirely on the condition of the weather from this time on.
has been much damage resulting, and from general tenor of corres¬
The yield per acre as compared with last year is reported to be 32^
pondents your committee believe this has been serious.
per cent less, except in the parishes of East Baton Rouge and tue
Feliciauas, which report an increase of 15 per cent. „
Gunny Bags, Bagging, &c.—Bagging continues to move only
Damage by frost slight.
in small parcels, for consumers’ wants, and even this demand is
There Las been on an average 50 percent of the crop marketed.
Complaints of heavy loss from cotton rotting and wasting in the Held*. slacking up. This is only to be looked for at this season, and
During the continued bad weather cattle have broken into fields but little increase can be expected before the new year. Prices
doing considerable damage by eating and knocking cotton out of bolls
are rather
Mississippi.—35 counties, 137 replies; average
Weather for November—All
sleet and unprecedently cold
easy,
date No¬
and
a
round lot could be obtained at a low
figure. For small parcels buyers are paying 9%c. for 1% lbs.,.
10@10^c. for 2 lbs., and ll^(Q)ll^c. for standard qualities.
extremely unfavorable for Butts are also in the same position, and beyond a light jobbing
vember 30.
The weather is generally reported as
gathering the crop. Owing to excessive lnjpvy rains during the entire
month, there has been only a few day's’ picking, and, as compared
inquiry there is little of interest to note. Holders are not
has been an average pressing goods, and are quoting 2%@2%c according to grade,
picked, and much will depend on the char¬ but there are some sellers who are willing to accept a shade
be gathered. The
below, and a few small lots are reported as having been taken
yield be acre is reported to be 32 per cent less than last year. The
at 2)£c.
slight.
52
per
cent
of
marketed.
damage by frost is
About
tbe crop is
We have universal complaint of great damage from snow, sleet and
Comparative Port Receipts and Daily Crop Movement.—
cotton rotting in the fields. Tlic bottom lands have been generally
overflowed, and much of the open cotton wraslied aw*ay and abandoned.
187.r,
1876.
1877.
1878.
1879.
1880.
Arkaiis:»«.—136 replies from 32 (of 34) counties; average
with last year, decidedly less favorable. There
of 72 per cent of the crop
acter of the weather as to when the remainder will
date November 30.
The weather has been extremely
ittins, with neavv sleet, snow and
Tot.Nr 30
unfavorable—excessive, continuous
ice have prevented the gathering
of tbe crop and have damaged it to a great extent. A comparison
w-itli last reason is needless, as many reports show from two to five
days only as tit for field work <ln ing the month. Sixty-three per cent
of the crop is picked, and it depend-* on tbe weather as to w'hen it
will be,finished.
in all the counties
the yield w'ill be
The yield per acre, is 20 per cent less than last yearexcept, in Sebastian county—where, if it can be saved,
the same. No special damage by frost is reported.
Galveston Department
covers the State of Texas, and was prepared and issued by the Galveston
Cotton Exchange', through their committee on Information and Statistics,
composed of J. D. Skinner, Chairman, II. Dreier, T. J.-McCarty. J. M
King and Chas. Kellner.
Texas.—121 answers from 87 counties.
1. All correspondents report the w eather, since Nov. 1, wet and un¬
favorable.
2. All but two report
year.
the weather less favorable than same time last
replies indicate a saving of 75 per cent of the crop, and the
gathering of the remainder depending upon the wTeather from now on.
4. Ten est inate the yield greater than last year; 18 the same; 4 less;
80 show an average increase of 20 per cent.
5. Sixty-one report no damage by frost; 27 report some damage by
3. Our
frost; 33 report an average of 18 per cent damage by frost.
0. The proportion of the crop marketed is estimated at 58 per cent.
Many of our correspondents complain of rain, cold, sleet and snow
Deo. 1
«
2....
“
3
"
“
2,433,297 2,164,407 1,757,34s 1,499,517 1,313,520 1,519,509
22,842
8.
30,824
21,387
52,479
26,647
26,301
8.
21,099
39,978
30,886
29,216
4
28,110
25,675
49,608
36,046
48,997
30,346
...
.
8.
5...
40.894
23,532
40,703
27,179
30,939
20,766
36,219
“
6...
“
7....
63,166
36,174
S.
58,291
25,563
“
8....
29,263
43,236
8.
“
9....
25,055
“
10....
59.133
8.
34,502
37,914
33,164
50,014
“
13....
42,522
37.733
58,561
28,693
30,836
30,614
46,02 4
"
14....
30,650
8.
26,923
“
15...
33,332
45,251
“
41,993
11....
“12
“
16....
“
17....
40,452
49,541
29,111
22,78 4
8.
S.
20,856
44,873
31,662
32,325
24,767
35,581
33,072
26,991
47,969
8.
35.816
42,863
29,247
25,895
39,011
31,300
8.
29,426
49,512
30,833
30,412
52 46w
3
33,977
35,612
23,479
32,598
33,303
50,328
S.
32,893
8.
8.
30,511
29,087
26,812
22,943
25,918
20,385
35,69$
26,682:
31,592
3,019,694 2,732.025 2,283.972 1.959.908 2,253,747 1,955,062:
Total
Percentage of total
pTt rec’Dts Dee. 17
43-10
51-35
51-62
4G-65
55-31
dur-
This statement shows that the receipts since Sept. 1 up tc»
to-niglit are now 287,659 bales more than they were to the same
Memphis Department
day of the month in 1879 and 735,712 bales more than they were
covers the Stale of Tennessee west of the Tennessee River, and the fol
to the same day of the month in 1878.* We add to the table
lowing Counties in Mississippi: Coahoma, Panola, Lafayette, Marshall
the percentages of total port receipts which had been received to
De Soto, Tunica, Benton and Tippah, and the State of Arkansas north of
December 17 in each of the years named.
the Arkansas River. The report is prepared and issued by the Memphis
Cotton
Exchange, through their Committee on Information and
India Cotton Movement from all Ports.—The figures which
Statistics, composed of Samuel M. Gates, Secretary and Superintendent,
are now collected for us, and forwarded by cable each Friday, of
H. M. Neely, Chairman, II. O. Hampson, T. H. Hartmus, H. F. Rose, H.
Furstenheim, W. A. Gage and J. C. Johnson.
the shipments from Calcutta, Madras, Tuticorin, Carwar, &c.,
iug the
month of November, w hich interfered with outdoor labor.
West Tennessee*—43 responses.
Weather—All report the weather for month of November almost with¬
out procedent for continued rains, snow or sleet; 11) mention that there
had not been over four to five days intermission, and that these days
Compared with November, 1873—All report very
were cloudy and cold.
much less favorable, owing to continued wret weather. Crop Picking—
Is reported, variously, from 50 to 80 per cent completed, averaging 70^
percent; 34 report wrill be completed when weather admits; 9 only
venture to name months, and these qualify by saying if weather admits.
Yield—The yield per acre is estimated at from about same to 50 per cent
less, averaging 31 per cent less. Ft'ost Damage—7 report damage by
frost at from 1 to 10 percent, 30 report no damage; average three-quar¬
ters of 1 per cent. Crop Marketed—Estimates range from 37 to 70. aver¬
aging 52 per cent of crop marketed from plantation. Miscellaneous—
See
aggregate.
North
in connection with our previously-received report from
Bombay, to furnish our readers with a full and complete India
movement for each week. We first give the Bombay statement
for the week and year, bringing the figures down to Dec. 16.
enable
us,
UOMBAY
RECEIPTS AND SHIPMENTS FOR FOUR YEARS.
Shipments since Jan. 1.
Shiptnents this week.
Tear Great
BriVn.
1880
1879
1878
1,000
1877
3,000
Conti¬
nent
li’.ooo
2,6*00
Total.
Great
Conti¬
Britain
nent.
Total.
-
1,000 368,000 526,000
11,000 260.000 379,000
323,000 401,000
5*666 385,000 436,000
Receipts.
This
Week.
Since
Jan. 1.
894,000 17,000 1,1C8,000
865,000
639,000 8.090
918,000
724,000 6.000
821,000 13,000 1,096,000
Mississippi.—40 responses.
According to the foregoing Bombay appears to show an
compared with list year in the week’s receipts of 9,000
bales, and a decrease in shipment of 10,000 bales, while the
percent; 29 report will be completed when weather admits; 11 give shipments since January 1 show an increase of 255,000 bales.
dates from January 1 to February 1, with proviso that weather permits.
The movement at Calcutta, Madras, Tuticorin, Carwar, &t., for
Yield—Estimates of acreage yield range from 10 per cent increase to 50
the same week and years has been as follows.
per cent less, averaging 243* per cent less than last year. Frost Dam
age—Comparatively nothing. Crop Marketed—Estimates range from
CALCUTTA. MADRAS, TUTICORIN, CARWAR. RANGOON AND KURRACHKE.
2o to 66 per cent of crop marketed, averaging 42^ per cent. Miscel¬
comparison with November, 1879, is reported the
throughout tills entire department, as given for West Tennessee.
Crop Picking—Estimated at 50 tv 90 per cent completed, averaging 64
The weather and
Bame
increase
laneous—aggregate.
Arkansas, North of Arkansas River.—42 responses.
Weather and Comparison—See above. Crop Picked Out—Estimates
range from 40 to 75 per cent, averaging 56*2 per cent.; 37 report picking
will be completed when weather permits, 5 mention January 15 to
March 1., it weather is good. Yield—Is estimated at from 33 per cent
more to 40 per cent less per acre than 1879, averaging 15*2 percent
Jess. Frost Damage—34 report no trust damage, 8 report from 5 to 15
Crop Marketed—Estimates
per cent, averaging 123 per cent damage.
range from 25 to 75 per cent, averaging 44 per cent of crop marketed.
Shipments this week.
Year.
1880
1879
1878
1877
Great
Conti¬
Britain.
nent.
9,000
1,000
1,000
Total.
10,000
1,000
Snipmcnis since January 1.
Great
Britain.
223,000
213,000
144,000
79,000
Conti¬
nent.
87,000
112,000
72,000
51,000
Total.
310,000
325,000
216,000
130,000
week show that the movement from
other
ports
than Bombay is 10,000 bales more than for the
same week last year.
For the whole of India, therefore, the total
North Alabama,—10 responses.
Weather and Gqniparison—See above. Crop Picking—Ig estimated at shipments this week and since January 1, 1880, and for the cor-
Miscellaneous—See aggregate.
The above totals for this
the
December
THE CHRONICLE.
18, 1880.]
responding weeks and periods of the two previous
years, are as
follows.
EXPORTS TO EUROPE FROM ALL INDIA.
Since
Jan. 1.
This
week.
894,000
310,000
11,000
11,000 1,204.000
11,000
This
week.
from—
Bombay
AU other
1879.
1880.
Shipments
lo all Europe
1,000
10,000
p’rts
Total
This last statement affords
total movement for the week
years up
1878.
Since
Jan. 1.
Since
Jan. 1.
This
week.
325,000
1,000
724,000
216,000
964,000
1,000
940,000
639,000
very interesting comparison of the
ending Dec. 16, and tor the three
a
to date, at all India ports.
Alexandria Receipts and Shipments.—Through
arrangements
we have made with Messrs. Davies, Benachi & Co., of Liverpool
and Alexandria, we now receive a
weekly cable of the movements
Alexandria, Egypt. The following are the receipts
and shipments for the past week and for the coi responding week
of cotton at
of the previous two years.
Alexandria, Egypt,
1880.
Dec. 16
Exports (bales)—
To Liverpool
140.000
1,385,500
This
Since
week.
Sept. 1.
Total Europe
This
week.
80,000
925,000
Since
This
week.
Wilmington—To Liverpool, per barks Rektor Steen, 1,130....
George Davis, 2,562—Star of Hope, 1.045
Sept. 1.
65.500
29.500
21,761 123,992 21,020 215,456
3.000
95,000
Our total exports from Alexandria for the present season have
been erroneous the past two weeks, the figures having been
added to the totals of last year. We have corrected them to¬
day.
This statement shows that the receipts for the
Dec. 16 were 140,000 eantars and the shipments
week ending
to all Europe
24,761 bales.
Manchester Market.—Oar
report received from Manchester
1,525
1,753
1,209
—
3,500
Baltimore—To
„
426
Liverpool,
per steamer Venezuelan
15,722
(additional),
'!
To
426
Bremen, per steamer Leipzig, 1,596
Boston—To Liverpool, per steamers Prussian, 200
Atlas, 297
—Samaria, 231
Polynesian, 145
Philadelphia—To Liverpool, per steamer British Crown, 1,729
San Francisco—Tc Liverpool, per
Dundonald,7 (foreign)..
form,
1,596
873
1,729
7
.200,091
.
partii
of these shipments, arranged in our usual
~ .ars
fe. iov^s.
are as
Antwfp,
Sept. 1.
3,000
Atlantic,
10,600
Hope, 2,540
l,58o—A. M. Schweigaard, 1,683
To Queenstown or Falmouth, per bark Neptun, 1,525
To Hamburg, per bark Norden^jkold, 1,753
To Amsterdam, per bark Frank, 1,209
Norfolk—To Liverpool, per steamers Yurac Bat, 4,750
Mary Tatham, 4,202
Aurora, 3,270
per bark Condor,
Bremen Ams- Reval, BotrceHavre
and terdam and
Iona
and
Ham- & Rot- Sebas- and
Since
92,000 11,000 146.606
31,992 10,020 68,850
L7,000
7,761
To Continent
200,000
2,140,000
,
Total
Receipts (eantars*)—
were
_
ToRevaLpar steamersCastolla, 7,102 Upland.... Farnley,
5.950 Upland
13,052
To Barcelona, per bark India. 700 Upland
700
To Genoa, per bark Ocean, 1,650 Upland
1,650
Texas—To Liverpool, per steamers Cadoxton, 4,819
Excel¬
lent. 4,338— Pedro, 2,760
per barks Brenham, 2,157
....Sirius, 1,338
15,412
To Havre, per bark Gliint, 2,096
2,096
To Bremen, per steamer Propitious, 5,033
5,033
To Amsterdam, per bark Sfcatsraad Broch, 1,113
1,113
The
This week....
Since Sept. 1
Total bales.
-
1378.
1879.
659
Liver-
Genoa
and
Rouen.* burg, terdam. topol. Malaga. Naples. Total.
865 2,128 1,153
9,318
36,547 7,311 10,300
475 14,943 2,001 2,800 74,877
2,004
2,004
6.728 2,712 1,344 1,031 7,500 2,030
21,445
4,245
4,24£
2,923
6,754 4,029 13,052
700 1,650 29,108
15,412 2,096 5,033 1,113'
23,654
Wilmington 10,600
1,753 1,209
15,087
Norfolk
15,722
15,722
Baltimore..
426
1,596
2,022
pool.
New York..
N. Orleans.
Mobile
Charleston.
Port Royal.
Savannah..
Texas
3,422
......
Boston
873
873
Philadelp’a
1,729
S. Francisco
7
1,729
7
Total... 98.634 14,983 29,403 9,060 35,495 4,781 4,450 200.091
Included in the above totals are, from New York, 1,750 bales to Hull,
and from Wilmington 1,525 bales to Queenstown or Falmouth.
to-night states that prices have advanced for both twist and
Below we give all news received to date of disasters to vessels
shirtings, but the market is now quieter at the advance. We carrying cotton from United States ports, etc.:
give the prices of to-day below, and leave previous weeks’ Algitha, steamer (Br.), Barwise, from New Orleans to Liverpool, which
put into St. Johns, N. F., with her cargo on Are, and there dis¬
prices for comparison:
charged, reloaded, and left for destination December 7th.
1880.
Cotton Plant, steamer, belonging to the Old Dominion Steamship Co.,
1879.
burned on Dee. lltli while lying at her wharf at Tarboro, N.
C. Her cargo of 140 bales cf cotton and other merchandise was
also destroyed.
The steamer, valued at $7,000, and her cargo,
were insured.
Kitty Nye, steamboat, with 156 bales of cotton on board, was burned
to the water’s edge on Dec. 12, below Monticello/on the Pearl
River.
was
32s Cop.
Twist.
d.
Oct. 15
d.
9*4® 97e
22
Q^IO^
“
29 9a8®1018
Nov. 5 9 *4® 10
12: 914®10
“
19! 9*4® 978
“
“
“
8*4 lbs.
Shirtings.
6
6
6
6
6
d.
8
9
9
9
9
6
7hi®
s.
6
958® 10
6
958® 10
10; 9**® 97* 6
7
17 95e®10
26
Dec. 3
“
“
OotVn
9
9
9
0
s.
'3)7
@3
®S
@8
®3
/
'5)8
@8
©8
®8
d.
9
0
0
0
0
10*2
0
0
0
lh2
Mid.
TJplds
d.
634
63*
63*
6*2
32s Cop.
Iwist.
d.
d.
9116®91116
®93*
'@93*
® 93*
-©9 V
®978
©10
6ili6 10 ©10*2
6«8
^^©lOSs
61;h « 10 ©1078
9*8
9a8
9h3
67ifl 9q
630
9*4
6Hle 93s
s.
6
6
6
6
6
6
6
8H lbs.
GotVn
Mid.
Shii'tings.
TJplds
d.
s.
d.
d.
9
6Hi«
4hj@7
4i2@7
4hi@7
712
7%
7*2
73s
6%
6
9
49ie@7
©7
4hi@7
7*2
6© 79
9 ©8 0
6
6 101fl®3
6 9 ©8
l1^
0
078
01516
615i6
613^
So far as the Southern ports are concerned, these
the same exports reported by telegraph, and published ir
the Chronicle last Friday.
With regard to New York, W6
include the manifests of all vessels cleared up to Wednesday
200,091 bales.
are
night of this week.
Sew York—To Liverpool, per steamers Erin, 1,853
Batavia,
Steamers have been seut to her assistance.
freights the past week have been
Satur.
Liverpool, steam d. 3ie© *4
Do
sail...d.
Havre, steam
Do
c.
sail
Do
sail
Mon.
hi
J110® %
ll10® 3*
1110® %
Hamburg, steam, d.
1 Do =
sail...d.
3,422
1,750
865
1,223
905
1,153
5,115
Peruvian Congress, 4,583
Wm. Tapscott, 5.542
Bombay, 3,221—Sbanuon, 2,825
Lydia Skolfield,
4,371
per bark Reynard, 2,560
Virginia, 3,580
36,547
To Havre, per ships City of B jston (additional), 149
Pal¬
mas, 4,778
per bark Georges, 2,384
7,311
To Bremen, per steamer Adirondack, 5,400....per ship
Friedrich, 5,400
10,800
To Rotterdam, per steamer C'id, 475
475
To Reval, per steamers Prinz Friedrich Carl, 4,710
Compton, 5,^30
'
9,940
To Sebastopol, per steamer Ganos, 5,003.
5,003
To Malaga, per bark Emiiia T, 2,001
To Genoa, per bark Phison, 1,800
To Naples, per bark Phison, 1,000
Mobile—To Havre, per bark Crescent, 2,004
Charleston—To Liverpool, per steamer Craigforth, 2,461 Up¬
land, and 262 Sea Island
per ships Ventus, 3,794 Up¬
land, and 2o0 Sea Island
2,001
1,800
-
sail...rf.
Baltic, steam
Do
sail
Island
...
Port Royal—To Liverpool, per steamer Parklands, 4,145 Up¬
land, and 100 Sea Island
®8
hi
....
*2
hi
11
Fri.
....
....
....
«8
hi
®8
hf®38
ig® *k ili0®^
....
7is® hi
....
Liverpool.—By cable from Liverpool,
we
7i8®hi
....
lll8® %
....
710® *2
....
have the following
stocks, &c., at that port:
Nov. 26.
Sales of the week
bales.
8ales American
Of which exporters took....
Of which speculators took..
Actual export
Forwarded
Total stock—Estimated
Of which American—Estim’d
Total import of the week
Of which American
Amount afloat
®8
hi
*8
....
71«® *2
—
*2®^
®8
hi
°8
82,000
58,000
10,000
8,600
7,600
28,500
435,000
318,000
Dec. 3.
66,000
236,000
47,000
9,100
9,100
8,800
16,000
441,000
321,000
79,000
59,000
2S2.000
219.000
266.000
82,000
72,000
Dec. 10.
65,000
51,000
5,100
4,300
12.000
17,500
453,000
343,000
98,000
87,000
291,000
275,000
Of which American.
2,004
The tone of the Liverpool market for spots and futures each
Dec. 17.
86,000
66,000
7,200
5,700
9,000
18,500
426,000
321,000
73,000
58,000
340,000
323,000
day of the
ending Dec. 17, and the daily closing prices of spot cotton, have
week
been as follows:
6,728
1,302
1,410
1,344
1,031
3,800
3,700
2,080
4,245
Savannah—To Liverpool, per bark Glen Monarch, 2,708 Up¬
land, and 215 Sea Island.
Alverton, 4,004 Upland
per bark
Columbia, 2,750 Upland
To Amsterdam, per barks Jacob Aall, 1,669 Upland
Mis¬
c.
*2® ^
1,000
Dolores, 1,640 Upland....per brig
Salvador, 410 Upland...
....
716®h2
statement of the week’s sales,
Richard III. (additional), 11
Sea Island
To Havre, per bark Juno, 1,200 Upland, and 102 Sea
To Rouen, per bark Henry Knight, 1,410 Upland
To Hamburg, per bark Kerdalea, 1,344 Upland
To Antwerp, per bark Geo. T. Kemp, 1,081 Upland
To Reval. per steamer Maharajah, 3,800 Upland
To Sebastopol, per steamer Romulus, 3,700 Upland
d.
Thurs.
310© *4 3i s® *4 310®'4 3ie® *4 ^©H
3ie® *4 316®14 3ie®14 3is® *4 3i0®hi
58<®ll16 58®ll16 58®ll10 ®8©1 !l0
*8
hi
e.
follows:
as
Wednes.
*2® ®8
®8
.c.
Amst’d’m, steam.c.
Tues.
hj®^
*8
hi
*8
e.
Bremen, steam,
Do
503
Germanic, 1,066
To Hull, per steamers Rialto, 1,052
Marengo, 698
To Havre, per ship Union, 865
To Bremen, per steamer Main, 1,223
To Hamburg, per steamer Letting, 905
To Antwerp, per steamer Jan Breydel, 1,153
New Orleans—To Liverpool, per steamer Stanmore, 4,750, and
28 bags Sea Island seed cotton....per ships Melmerbv,
Market,
12:30 p.m.
?
J
Mid. Upl’ds
Mid. Orl’ns.
Market
•ket,
5 P •M.
Tuesday.
Wednes
Thursday.
Friday.
Firm.
Steady.
Strong.
Quieter.
Steady.
6i3ia
6H10
61316
61h0
61316
12,000
2,000
12,000
2,000
10,000
2,000
20,000
8,000
12,000
2,000
Barely
Offerings
Weak.
Flat.
Saturday Monday.
Spot.
Steady.
6%
63*
67a
63*
67s
6l3is
61&I*
I
3
Sales
Spec.A exp.
12,000
2,000
2,923
To Bremen, per steamer
Cotton
.
Total bales.
sissippi, 2,360 Upland
breaker of the bar.
G78
63*
678
Shipping News.—The exports of cotton from the United
States the past week, as per latest mail returns, have reached
To Barcelona, per bark
Wearmouth, steamer, from Charleston for Sebastopol, with 4,750 bales
of cotton, in proceeding to sea Dec. 15, went ashore on the north
Futures.
6,754
Market, l
5 P.
4,029
m.
S
Steady.
steady.
free.
Dull.
and
Busier.
THE CHRONICLE.
660
The actual sales of futures at Liverpool for the same week are given
hclow. These sales are on the basis of Uplands, Low Middling clause,
unless otherwise stated.
Saturday.
'
62332® %
Mar.-Apr
April-May
May-June
May-June
'®2322@11jj
Feb.-Mar
6%
Dec.-Jan..
6iiie
Feb.-Mar
Jan.-Feb—61* j«-®2332
Mar.-Apr
Apr.-May
Dec
Jan.-Feb
July-Aug...
6%
Jan.-Feb
6i318
Feb.-Mar
62732
7i32
May-June
6i3lfl
6i31#
Jan.-Feb—62732® 78
June-July
"®2732
Jan.-Feb
6i3ie
May-June
June-July
63i32
Mar.-Apr...
7*32
Apr.-May..
71 is
62932® ^
Mar.-Apr.. .6i&i6®2932 J uly-Aug
Apr.-May.. .63i32®i616
Feb.-Mar
..
62732
670
.
72§32
Thursday.
Dec
Dec.-Jan.
Jan.-Feb.
Feb.-Mar.
Apr.-May
Mar.-Apr
Apr.-May
.670 2)2732
62932 @ 7g
Dec
634
Apr.-May
62932
.
Mar.-Apr
..
..
6%
Dec.-Jan
Feb.-Mar.
63132®ib16
.....62532
62632
61313®2532
.
62732
670
6i3ie
73i32
June-July
July-Aug
7
63*
on
Apr.-May.. ..62932®7@
May-June.. 6^1 e®2932
6i316'®2532
Albany
were
drooping
••
salable at over 58c.
The movement is free for the season.
The receipts of new Southern corn continue in small parcels,
which sell at very irregular prices. Itye is more firmly held.
Barley has met with a fair demand at generally firm prices, No.
2 Canada selling to-day at $1 15; but some revision is made in
quotations for State barley.
Oats have been fairly active for speculation, and No. 2 mixed
sold to-day at 44^c. for January and 45'Mc. for February; but
lots on the spot and prices easier.
The following are closing quotations :
$3 15 a>
Bpring superfine.
Spring wheat extras..
3 50®
4 40®
do XX and XXX...
Winter sliipp’g extras.
do XX andXXX...
Patents
4 85®
3 75®
4 75 ®
5 35®
7 00®
City shipping extras. 4 65®
Southern, bakers’ and
family brands
5 75®
Bouth’n sbip’g extras. 5 00®
Rye flour, superfine.. 5 35®
Corn meal—
Western, Ac
Brandywine. <fec
2 75®
3 50®
Buckw. fl.,p. 100 lbs.
2 15®
Grain.
3 50 Wheatr—
4 00 |
No. 3 spring, $ bu.$l
No. 2 spring
3 75
1
4 65
Red winter
6 50 j
Red winter, No. 2
5 15
White
6 50 Corn—West, mixed
9 00
West’nNo. 2
South, yell’w,new
5 65
South, white,new
7 50 j Rye
o 50
Oats—Mixed
5 60
White
j Barley—Canada W. 1
3 25
State, 4-rowed... 1
|
—
I
12
16
15
®1 14
®1 20
®l25
19^®1 20
®1 18
®
581?
12
55
57% ®
56
56
95
State, 2-rowed...
Peas—Can’da,b.&f.
41
43
15
00
95
82
Buckwheat
60
I
2 35 |
58*4
58
62
®1 00
®
45
®
48
®1 32
®1 08
®
93
®
95
®
62
®
®
(From the “ New York Produce Exchanye Weekly.”)
Receipts of flour and grain at Western lake and river ports
Dec. 11, 1880 :
•
Flour,
Wheat,
Corn,
Oats,
Bdrley,
Bye,
bbls.
bush.
bush.
bush.
bush.
bush.
(196 lbs.)
At—
Chicago
...
Milwaukee.
Toledo
Detroit
Cleveland..
Bt. Louis...
Peoria
.
...
....
....
....
....
....
....
[65,551
62.055
1,225
14,367
2,562
31,692
7,460
(60 lbs.)
660,084
388,405
288,151
295,539
8,000
159,406
12,675
(56
lbs.)
979,279
41,330
197,356
29,243
32,000
403,665
265,375
Duluth
184.912 1,818.260 1,943.749
Total
Bame time ’79. 199,611 1,514,310 1,552,352
bush.
907,395
188,742
192,321
720,000
Bt. Louis
Boston
Toronto
Montreal
Philadelphia
250,000
54,000
390,500
55,500
299,560
250,662
397,078
602,000
1,815,716
1,146,132
77,418
12,092
279,026
110,978
125,049
316,897
1,500
25,500
209,460
76,160
450
4,570
1,263,610
241,640
612,349
4,632
70,000
.120,000
2,261,617 1,167,206
Bye,
bush.
115,000
114,000
627,009
304.829
44,078
6,412,929 4,208,575 1,375.853
2,036,045
22,326
37,989
Buffalo
Chicago
Milwaukee
Duluth
Toledo
Detroit
*
20,950
297,219
54,625
45,000
8,859
2,549
440,000
40,000
2,655
36,988
12,920
10,000
2,174
57,919
10,023
398.629
10,397
59,606
1,237
9,775
7,297
14,227
148,123
143,706
398.800
407,340
2,508,801
99,900
154,298
112,200
349,353
648,000
901,000
509,000
87,000
48,392
1,415,000
4,504,000
100,000
114,000
40,000
Total Dec.ll,*80 28.673,491
Dec.
4, ’80
26 930,839
15,757,056
15,753,676
16,683,747
17,935,815
16,492,430
10,079,363
Peoria
Indianapolis
Kansas City
Baltimore
On rail
Canal and river..
27, ’80
Nov. 20,
’80
Nov. 13, '80
Dec. 13, ’79
24,622,480
21,190,673
23,241,986
27,688,539
92,378
3,816,749 2,963,944 932,633
3,587,563 2,861.443 913,044
3,657,260 2,449.380 871,647
4.296,074 3,62i ,098 853,147
4,477,433 3,472,544 846.679
2,612,664 4,730,815 1,161,970
(32 lbs.) (48 lbs.) (56 lbs.
328,730 145,412
40,800 119,342
7,741
8,242
6,343
11,200
5,000
77,470 130,953
117,300 15,500
Friday, P. M.. December 17, 1880.
dry goods market was veiy quiet the past week, as is.
usually the case at this stage of the season, but there is a very
hopeful feeling in the trade, and renewed activity is looked for
as soon as merchants have taken account of stock and closed up
the business of the year. The demand for staple cotton and
woolen goods has been comparatively light at first hands, but
there was a further inquiry on the part of package buyers for
white goods, quilts, printed lawns, piques, cambrics, and some
other spring fabrics, resulting in a fair business. The jobbing
trade has ruled quiet, selections having been almost wholly
restricted to light re-assortments for immediate distribution, and
there was not the least tendency toward speculation (by retail¬
ers) as was the case at the corresponding time last year.
Domestic Cotton Goods.—The exports of cotton goods during
the week ending December 14 were 3,690 packages, including
1,654 to China, 649 to U. S. of Colombia, 414 to Great Britain,
326 to Hayti, 222 to Brazil, 133 to Mexico, 104 to Hamburg, 55
to Venezuela, &c. There was a lessened demand for nearly all
staple cotton fabrics at first hands, and the volume of new busi¬
ness was comparatively light; but agents continued to make
large deliveries on account of back orders, and prices ruled very
firm on all such makes as govern the market. Cottonades
were more active, and there was a satisfactory movement in
plain and fancy white goods, quilts and piques. Print cloths
were exceedingly quiet, and prices were again lower, sales of
extra 64x64s having been made at 4%@4 3-16c. and 56x60s
having changed hands at 35/e@3 ll-16c. Prints were in light
request, but there was a fair inquiry for printed lawns and
piques by the local and Southern trade.
Domestic Woolen Goods.—The market for woolen goods has
remained inactive, but prices were steadily maintained on all
fabrics of a desirable character. Heavy cassimeres and plaidback overcoatings were taken in small lots for the renewal of
broken assortments, but transactions were only moderate in the
aggregate. Operations in light-weight cassimeres and worsted
coatings lacked spirit, and but little improvement in the de¬
mand is looked for during the remainder of the year. For
cloakings and repellents there was some, inquiry, but purchases
The
were
jeans
chiefly connned to small parcels of specialties. Kentucky
were in irregular demand, but steady in price, and there
plain and printed satinets. Flan¬
request, but stocks are so well in
firm. Blankets were distributed to
a fair amount, in execution of old orders, and many makes con¬
tinue sold ahead of production. In dress goods, shawls and
was a
for the week ending
-
2,574,928
5,666,212
Barley,
Oats,
bush.
i
throughout most of the past week. Supplies were very liberal
at all points, and there was very little demand except fer the
extreme low grades (No. 2 and superfine) and the choice
patents” from spring wheat. These were in some request,
but the low grades finally developed weakness, and to-day the
whole market was much depressed, involving a general reduc¬
tion of figures, and not much inquiry at the decline.'
The wheat market has been variable. The export demand
has latterly been quite small, and at the close the English
shippers generally reduced bids to $1 18 for No. 2 red winter
on the spot, with options for February selling at $1 23, and No.
1 white, same delivery, $1 20.
The chief support to the market
has been speculative, but this has weakened under liberal re¬
ceipts at the West, accumulating stocks and dull foreign ad¬
vices, and to-day a firm opening was followed by a decline.
Indian corn has had a fair sale at slightly varying prices, and
.the close is without important change, though showing to-day
a downward tendency; and boat-loads of No. 2 mixed were not
Flour.
No. 2
$ bbl.
Winter superfine
bush.
bush.
THE DRY GOOD3 TRADE.
Friday, P. M., Dec. 17, 1880.
and prices
Com,
Wheat,
In store at—
New York
Do.
afloat.
BREADSTUFF3.
The flour market has been dull,
443,156 231,711
476,386 115,086
canal frozen in:
Nov.
Friday.
Feb.-Mar ...62732®i316
Mar.-Apr
67e®2732
6%
Dec
Dec.-Jan
Jan.-Feb
Bye,
bush.
33.192
58,502
The visible supply of grain in the United States and Canada,
comprising stocks at the principal receiving points, on rail and
Oswego
Dec-Jan..
Jan.-Feb....
Deo
Feb.-Mar..
7
7*16
83,528
4,587,818 1,993.032
3,470,523 800,885
Wednesday.
Dec
Dec.-Jan
56,489
147,504
2,350,119
2,862.034
..
02532
107,987
671,785
Tot.,4 wks.867,803
4w’ks’79. .617,495
....67e
.
May-June..
66,158
121,507
2,656,648
62932
62332
634
6i3ie
63*
403,716
461.341
453.190
1,369,330
678
6i3ie Mar.-Apr.
62732 May-June..
7
62932 June-July..
015i« Jan.-Feb
61516®2932
63i32 Apr.-May
.6%®2a32®%
Mar.-Apr... 62532®i3l6 May-June
April-Mar. .Gi3,^®2732 June-July
May-June —678®2932 Dee.-Jan
610,239
854,916
Nov. 20...222,657
Tuesday.
Feb.-Mar
Barley,
bush.
....6%
62532 June-July
.-.62732 Feb.-Mar
Mar.-Apr
627™
'®78®2*32 Apr.-May
Mar.-Apr
Apr.-May
6ii16
Oats,
bush.
-.-.61116
Monday.
Dec
Jan.-Feb.
Com,
bush.
466,716
Wheat,
bush.
endiny—
bbls.
Dee. 11...197,322
212,220
236,783
531,786
...61316
—
shipments from same ports for last four weeks:
Flour,
4...274,115
27... 173,709
Mar.-Apr
62i32
62i32
Deo
Dec.-J an
62i3o®iij0
Feb.-Mar...
Jan.-Feb
Feb.-Mar
Week
Dec.
Nov.
d.
Delivery.
d.
Deo
6*8
62&32
Apr.-May
Dec.-Jan.;
6^8
May-June. .6i316@2732
67s
Jan.-Feb......638^2l82 June-July
Delivery.
d.
Delivery.
Rail and lake
rVOL. XXXI.
18,363
19,460
547
moderate inquiry for
nels were only in moderate
hand that prices remain
skirts there was no movement of importance.
Foreign Dry Goods.—There was a fair demand for
handker-
holiday trade,
quiet in both first and
chiefs, laces and other specialties adapted for the
13,527
but otherwise imported goods were
second hands. Silks are a trifle firmer, and
19.450
as
such staple fabrics
cashmeres, linen goods, white goods, &c.„ are
steadily held
by importers. The auction rooms have presented no important
591.433 422.550 71.347 offerings of foreign goods, and the auction season will be
281,249 312,385 50,745 brought to a close next week.
<
@FedFRASER