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HUNT'S
MERCHANTS’
gr
MAGAZiNB.
jfjkw* flayer,
REPRESENTING THE INDUSTRIAL AND COMMERCIAL INTERESTS
VOL. 29.
OF
THE
SATURDAY, DECEMBER 20, 1879.
CONTENTS.
THE CHRONICLE.
The Tax on State-Bank Circu¬
Commercial
Monetary and
lation
643
648
English News.
Cotton Supply for Europe
644 Commercial and Miscellaneous
The Prospect of Reform in
News
650
Russia
647
the country is far from settled,
consideration of the subject.
UNITED
STATES.
NO. 756.
and it is not too
soon
for
At the outset, it must be conceded that there is some
show of merit in the proposed
repeal This tax was one of
the old war
measures—undertaken, with many others,
on the
general ground that
necessity knows no law, and
desirability of an end justifies the means of
Exchange, New York City
reaching it. The ten per cent tax was simply a goad
Banks, etc
651
which was expected to drive the banks into the Nat¬
THE COMMERCIAL TIMES.
Commercial Epitome...
659 j Dry Goods
665 ional system, on the assumption that they would not
Cotton
659 Imports, Receipts & Exports.. 666
Breadstufis
664
give up their circulating notes. Clearly, this was a per¬
version of the taxing power, for not
only was revenue
not intended, but to the extent that the banks had
paid
the tax its object would have been defeated. In other
The Commercial and Financial Chronicle is issued
every Satur¬
words, the tax was meant to be prohibitory, and, .waiv¬
day morning, with the latest news up to midnight of Friday.
ing the question whether Congress strictly has power to
TERMS OF SUBSCRIPTION-PAYABLE IN
ADVANCE:
legislate out of existence a class of corporations created
For One Year (including postage)
$10 20.
For Six Months
do
by State law, it would certainly seem better to effect this
6 10.
Annual subscription in London
(including postage)
£2 7s.
Sixmos.
do
do
do
by prohibition than by indirection.
1 8s.
Subscriptions will be continued until ordered stopped by a vrrilten
The practical effect of this repeal
order, or at the publica tion office. The Publishers cannot be
must, however, be
responsible
for Remittances unless made by Drafts or Post-Office
Money Orders.
very carefully considered, with regard to the proposition
London Office.
The London office of the Chronicle is at No. 5 Austin
that
the existing banking
Friars, Old Broad
system, having proved itself
Street, where subscriptions will be taken at the prices above named.
the best the country has ever
had, should neither be dis¬
Advertisement*.
Transient advertisements are published at 25 cents
turbed nor menaced until
per line for each
something better is ready as a
insertion, but when definite orders are given for five, or more,
insertions, substitute.
liberal discount is made. Special Notices in
Of course, opponents of the
Banking
and
Financial
column 60 cents per line, each insertion.
system will
WILLIAM B. DANA,
naturally favor the repeal by virtue of their opposition.
\
WILLIAM B. DANA 8c 00., Publishers,
JOHN G. FLOYD, JR. 5
79 & 81 William
THE
BANKERS’
Money Market, U. S. Securi—
ties, Railway Stocks, Foreign
GAZETTE.
Quotations of Stocks and Bonds 654
Investments, and State, City
and Corporation Finances... 655
that the
%\u Chronicle.
_
a
Street, NEW YORK.
Post Officb Box 4592.
,
fe#" A neat file
cover is furnished at 50 cents;
postage on the same is
Volumes bound for subscribers at $1 20.
IdP For a complete set of the Commercial and Financial Chroni¬
cle—July, 1865, to date—or Hunt's Merchants’ Magazine, 1839 to
1871. inquire at the office.
IScents.
THE TAX
ON
STATE
The bill introduced
BANK
CIRCULATION
this week in the House
by Mr.
State, for repeal of the ten per cent
tax on circulation of State
banks, brings up anew a
proposition which has appeared during almost every
session, for several years past. The circumstances of its
present introduction, and the prospect that it may receive
more prominence than
usual, give it a new interest. The
figure employed in these columns last week to illustrate
the excessive timidity shown
respecting Mr. Bayard’s
simple legal-tender resolution—that it is a bombshell
which lies smoking between the two
party camps—is
used, we observe, very tellingly by Mr. Nast in a small
cut in Harpers' Weekly for this week
; and, in view of
the extreme Do-nothingism which besets the
politicians
Hutchins of this
on
account of the nearness of the next
paign, the probabilities
are
Presidential
cam¬
against the enactment of any
positive financial measure out of the multitude proposed.
Yet the question what shall be the paper
currency of
The
perennial scheme of theirs is to abolish the system
and substitute Treasury notes. Such substitution is not*
however, the object of the present movement, and is not,
we think,
likely to follow. In the opinion of Comptrol¬
ler Knox, the repeal would result in
reviving the diverse
banking systems of forty different States, and with them
the former rates of
exchange between the commercial
centres of the country
and other points. In his recent
report he says that “ the South desires the repeal of
“
this section (3,412 Revised
Statutes) because it believes
“
that such repeal will be followed
by the organization
“
of numerous banks (tissue under State
charters, which
“
will, for the time being at least, stimulate the business
“
of that section of the
country.” This is evidently the
object and purpose of the present movement.
The question therefore arises, whether the
simple re¬
peal of the tax in the first instance would restore the old
issues, and, if it should, whether it would by so doing
subvert the National system. If the return of the old
notes would certainly be the
expulsion of the present
ones, then the repeal proposition can be justified only
by showing that State issues are the better—an attempt
which nobody would make. The unconditional
repeal
of the tax would
undoubtedly operate as a strong induce¬
ment to the appearance of State
issues, but such repeal
i
,
614
THE CHRONICLE.
r *
^
5—
-
-■
'would not be, we suppose, unconditional. It would at money. The latter and low
least leave both classes of banks on the same footing in they will not precede it.
If
Southern
village by reason
respect to taxation; of course if it did not there woul d
motive additional
those
existing, to return
from the National to the State system; or the repeal
might even be made to apply only to notes of State
banks secured by pledge of public stocks as specified.
Thus, without the invidious selection of the half-dozen
States whose laws now exact such a security, a very
direct inducement would be supplied to extend the
scheme of guaranty deposit and supervision into other
States. For if this was not done, we can see little reason to
apprehend that the National system could be seriously
menaced by the permission, as far as the tax repeal can
give it, to issue unsecured notes to any extent, and this
for the reason that, after sixteen years’ experience with
uniform and absolutely safe currency, the people will
not be induced to surrender it for unsecured and question¬
I>e
a
able
to
now
[vol. xxix
"■
A
-
interest will follow capital;
there is embarrassment in a
of scarcity of money for
exchanges, it is because of the prior scarcity of things
to be exchanged.
A bank in the place issuing notes
without restraint would not remove this scarcity,
but
to the
that
extent
might
ceptance,
it
doubtful
currency
the
illustrate
circulates
notes
found
the
anew
local
law
ac¬
that
with
the
greatest
rapidity, and might promote a spasmodic ac¬
tivity of exchanges by local inflation. Thus the mis¬
chiefs of bad money would be again experienced, and it
is certain that this result would prevail most in the
poorest localities where the complaint about dulness is
So far
loudest.
the
tax-repeal proposition is
pected or is likely to have such an effect, it must be
sparingly condemned.
as
ex¬
un¬
ones.
But this is not the whole of the case,
however; the
question of strictly local circulation of local issues
remains to be tested, should the tax be repealed. Before
the war, the least creditable note had the advantage in
circulation, up to the limit of distance from home within
which it would pass at all; the more inaccessible the place
of issue the better, as when, for example, as lately as
1862, notes dated at the little hamlet of Toms River,
N. J., successfully contested the field with& Utica city
banks in Oneida County, in this State. The noticeable
point now is that Mr. Hutchins’ bill is urged on the
express ground that it would create local issues and keep
money at home.
Washington dispatches throw out
intimations that “ Southern men claim the Hutchins’
“
bill would give them money enough for business transactions. As it is now, National bank notes do not
circulate to any extent in the Southern States; in the
small
State
“
amount
“
than
“
in
“
States
of
in
Rhode Island there is a
National bank notes in circulation
of
Virginia, Tennessee, and Kentucky, and
Massachusetts
COTTON SUPPLY FOB EUROPE.
°
Two weeks ago, feeling that every legitimate
connected with cotton was being jeopardized
interest
by the
took occasion to
excessive
speculation in progress, we
suggest certain points which, according to the best infor¬
could
obtain, were facts. Since then we have
received almost daily, letters and telegrams, taking
exception to the views we expressed. There is no
doubt of the sincerity of these writers; some of them are
personal friends, whom we highly esteem. Besides, the
question as to the extent of the American supply, is
mation
we
about which it does not become anyone to assume
the attitude of Sir Oracle. We freely admit, therefore, that
one
such estimate
be
unquestionable; for this is a large
country, and the cotton section so extended and varied
that it is almost impossible to cover it by reports. And
greater yet, while we admit this, we are compelled in what we
“
“
-
“
-
more
than in
all
Southern
can
judgment—perfectly willing
however, and even desiring to have our facts criticised
and to revise our opinions if necessary under such criti¬
cism. Let us, therefore, as briefly as we can, examine
to-day the supply question uuder the suggestions con¬
tained in the following letter, which is a fair specimen
of the many we have received on the subject.
write to express our own
greatly
interferes with business transactions and permits the
exorbitant usury of 15 and 20 per cent upon cash
loans.” We find that, roughly speaking, New England
took 30 per cent of banking issues since June 20, 1874;
Savannah, December 10,1879.
the Middle States, 40 per cent; the South, 6 per cent; W. B. Dana, Esq., of the
Commercial and Financial Chronicle, New York.
the Middle West, 18 per cent; and that the withdrawals
Dear Sir :—We note in an article of the 6th December,
were, 9 per cent in New England, 35 in the Middle headed “ Cotton Craze," that yon do not believe that any person
States, 9 in the South, and 31 in the Middle West. who will investigate the subject can put our supply for Europe
this
below 3,800,000 bales. We must confess that we do
Admitting the comparative statement made above, not year
see how you can attain such a figure, unless you estimate
the inference is widely mistaken. The complaint the crop at a considerably higher figure than is generally
In estimating
is that money issued does not stay at home, but believed in.
A crop of
Bales. 5,300,000
travels off under the superior attractions of
the (which is considered here a very liberal one), $nd putting the
Total American consumption at
1,869,000
money centres. But this statement of itself supplies
(or 200,000 bales more than last year), we get available
For Europe
3,431,000
the explanation, and shows the hopelessness of any Instead
of 3,800,000 bales. Add now to this the estimated
supplies, as estimated by Ellison in his last annual report—
artificial hindrances. If we go back to the original
viz.:
East India
1,175,000
Nationa banking act, we find an elaborate piece of From
From Egypt
v
440,000
250,000
From sundries
machinery for distributing to each section and State its
“share,” and also for re-distributing, that any inequali¬
Total European supply
5,296,000
ties might be adjusted. The idea was a sheer fallacy, Against 5,725,000 bales, as you have it.
"
Now, unless you estimate the American crop considerably
and was afterwards abandoned, but it lingers yet. A
above 5,300,000 bales, or unless you estimate the American
note goes where it is most demanded, irrespective of the
consumption even below that of last year, we cannot understand
place' of issue, and the error on this point is shown in the basis of your calculation. Would you please enlighten us ?
Very respectfully,
comparing the circulation in a small with that in a large
Clason & Co.
State. Area has nothing to do with it. How should it be
difficult to understand that Rhode Island has more bank
First, it is desirable to clear this inquiry of our cor¬
capital and more money than Texas, and England more respondent’s lesser difficulties. He seems to take excep¬
than Florida ? The deficiency which troubles the South tion to our estimated supply from India and Egypt.
and makes interest high is in capital* not in banking and Our purpose was, in those particulars, to give only an
“
<c
<(
combined;
this scarcity of
the
no
money
-
-
December 20,
average figure, and our opinion is
The later reports from both those
favorable.
THE CHRONICLE.
1879.]
still that
we
countries
did
so.
are very
We notice that Mr. {Samuel
Smith, of Liver¬
pool, in his December circular received this week, states
with regard to the Egyptian crop that it is said to be
one
of the largest ever made, probably 200,000 to
250,000 bales larger than the last one.” As the last
crop was 253,942 bales, his report of the general esti¬
mate must be accepted as
indicating a supply of 454,000
to 504,000 bales.
We adopted 475,000 bales, on other
information sent us, but this report proves apparently,
that in doing so we were entirely successful in our effort
to give only an average figure.
The same circirfar also
speaks of the India movement, and estimates an increased
.shipment of 200,000 bales this year from Bombay alone.
Mr. Ellison, even in October, assumed a total India supply
of 1,175,000 bales, and ever since that date the accounts
have increased in promise, so that we doubt not he
would put it higher now.
We conclude, therefore, that
our figures in both of these cases are as fair as
they
can be made, and we think our
correspondent, with these
suggestions before him, will not fail to agree with us in
that particular.
Turning next to the American supply for Europe, we
are first met by an excessive estimate of American con¬
sumption. In the letter above, the increase is stated at
200,000 bales, but the figures there given make it 300,000
bales. Either total shows however, if we are rightly
informed, an entire misconception. We have no doubt
that our spinners are taking, and will take, more cotton
out of this crop than they did out of the last one; but
such estimates as Mr. Clason’s (and it is a fair sample of
what we have received on that head), certainly have no
reasonable basis. We must be excused for saying that
they are simply the fruit of this wild speculative spirit
which we wrote against, and which was at that time
looking upon 18 to 20 cents as the coming price for
“
“
645
say, therefore, that up to August 1 (the date of the lastof > above Exchange reports), there was no
special fault
to be found with the situation, except that in North and
South Carolina and
Georgia, and a part of Alabama*,,
portion of Mississippi, the crop was 14 to 7
days late (the greatest difference in North Carolinaj and
the least in Alabama and Mississippi), and for that
and
a
lesser
not therefore classed in
high a condition *T.
Mississippi Valley the plant was fully up to, and
a
portion better advanced than in the previous year..
Have we not in these facts very important pointsadmitted, gbout which therefore there can be no
dispute ?
We now come to the August growth.
This is a very^
difficult matter to determine accurately from any pub¬
lished reports, except by a comparison of data.
In this
way we may be able to clear up some confusion which
at present exists.
Of course, if this crop has been cut
short, say in the Atlantic States and in Alabama (for it
is in those States all the loss is claimed, except that in
Texas, which we shall notice later on), we ought to be
able to put our finger upon the cause and the time of
its happening.
Remember that the Cotton Exchanges
tell us that the acreage is larger, and that on the first of
August the stand was as good, or better. Now let us
examine the August growth, and see whether loss arose
out of the conditions ruling in that month..
In the
following table, we have taken from the first of
September Exchange reports of Norfolk, Charles¬
ton, Savannah and Mobile, what they say about
the weather, about insects,
and about shedding,
&c.9 in August, 1878 and 1879, and under each have
grouped the three weather stations in or nearest each
State which would best indicate the prevailing weather.
With these data we think the reader can at a glance
satisfy himself how the month compares for the two
reason was
so
in the
.
years.
cotton.
But, passing this point, does not the above correspon¬
dent, and those who sympathize with him, err also in
limiting the out-turn of our present crop to 5,300,000
bales. This is evidently the more important feature of
the problem, and can only be determined by analyzing
the public information, and testing conclusions with the
aid of such other data as can be procured.
Nor can we
be too critical in the
examination, for it is such a wide'
question that mistakes are frequent and always possible.
In this case however, there are some common facts
that every one will admit, and which we think may help
our final
judgment. First, for instance, every authority
agreed in June that there was an increased acreage,—a
tendency almost everywhere to enlarge the planting.
In the next place, leaving out North Carolina and a
part of South Carolina, every one likewise admitted that
the stands were good. For illustration of this statement
we do not ask the reader to accept our own report,
pub¬
lished in that month—let us pass teat by as of no
account—but would simply refer the inquirer to the
summary of the June and August Cotton Exchange
reports, given (the one for June) on page G06 (Chroni¬
cle, June 14, 1879) and (the one for August) on page
177 (August 16, 1879), and to the column headed
“stands” in each; every district for June is either
reported “ good,” or “ very good,” and for August is
either
“very good,”
“good, and better than in 1878.”
Furthermore, the Agricultural Department’s report
issued July 15, stated—“The stand, however, for the
whole country is good. It is reported that the crops
are well worked and free from
grass.” May we not
“
“
WEATHER, <fcC., IN AUGUST.
1879.
1878.
Weather very wet and unState of
No. Carolina.
Weather very wet.
favorable.
Worms have done no dam¬ Worms have done no dam¬
Report of the
age.
age.
Norfolk Cotton Shedding much complained Shedding and rust—a good
*
Exchange
of. but
n®
serious damae-e
deal
or
dam acre from.
by rust.
-
Norfolk. Wilming¬ Augusta Norfolk.
ton.
Rainfall
Day8 rain
Wilming¬
ton.
Augusta*
7*37
20
9*95
17
18
5*46
15
95*0
98*0
99*0
io5*a
64*0
78*7
63*0
78*35
62*0
69*0
83*0
7-70
12
11*37
18
4*75
960
600
75*7
980
58*0
76*8
Thermometer.
Highest
Lowest
Average
79-2
Weather—too much rain, or Weather—first half hot and.
State of
else too much cold.
Carolina.
dry; second half very wet
Plant considerably injured
indeed.
both by shedding and Plant has shed very badly,
Report of the
Charleston Cot¬
estimates varying from
rust; 20 per cent lost by
So
ton
Exchange..
shedding.
Worms only in one county;
no
damage anticipated.
Charles¬
ton.
Rainfall
Days rain
slightly to 33 per cent*
averaging 15 per cent.
Worms—none reported.
Charles¬
Augusta. Atlanta.
Augusta. Atlanta.
ton.
4-50
12
4*75
20
4*72
10
10*73
15
5*46
970
690
83*1
105*0
3*76
15
15
Thermometer.
95*0
95*0
94*0
Lowest
62*0
640
58 0
Average
80*6
78*7
70*0
Highest
98*0
67*0
80*4
69*0
83*0
Weather variable. All com¬
plain of heat, some too
Weather too wet, and less
much rain ,some want of it.
favorable than last year.
Report of the Worms have done no dam¬ Worms have done no dam¬
Savannah
Cot¬
age in some places, but in
age but in two counties.
ton Exchange...
other places their
Shedding or rust complain’d have been serious.ravages
of, but ipjury slight ex¬
State of
Georgia.
cept
in
light
has been quite
sandy Shedding
serious in rich clay lands,
affecting both bottom and
or
lands.
middle crops.
or
Rainfall
Days rain
thermometer.
Highest
Lowest
Average
Savan¬
nah.
510
19
Colum¬
97*0
690
79*8
930
73*0
bus.
Atlanta.
Savan¬
nah.
Colum-
4*72
10
663
14
8*02
94*0
58*0
70*0
100*0
69*0
84*5
94*0
5*03
9
81*0
‘
bus.
10
70*0
82*0
•
Atlanta.
3*76
15
98*0
67*0
80*4
‘
646
THE CHRONICLE.
1879.
[Vol. XXIX,
the
1878.
region west of the Brazos; (2) that even in the
Weather in 6 counties favor¬
universal report is now that the
Alabama.
crop
Weather wet and unfavor¬
able ;
35
unfavorable;
is turning out “ better than
able.
some
too hot and dry,
expected,” which is always
Worms generally reported,
others too wet.
Report of the
true
of
cotton
but
serious
Worms
damage
Mobile
(a dry-weather plant) if well rooted and
reported in 18 coun¬
Cotton
except in prairie and bot¬ ties, having done an aver¬
Exchange
started
in
the
earlier months; (3) that a
tom lands.
age damage of 12 per cent.
top crop of
Shedding and rust general Shedding much iu 28 coun¬
more than
and serious.
ordinary value” (these are the words some
ties, and in 13 not shed¬
ding.
of the correspondents
use) has matured over a very
Mont¬
Colum¬
Mont¬
Colum¬
Mobile.
Mobile.
large section; (4) and finally (and this is an extremely
bus.
gomery.
bus.
gomery.
Rainfall
10*54
4-54
503
9-95
7-67
8-02
important consideration overlooked by many), that
16
Days rain
16
9
22
11
10
Thermometer.
the Dallas region (that is all of the State north of 32
940
Highest
930
930
97-0
970
940
deg.
Lowest
670
61-5
730
72-0
700
70.0
and east of the Brazos
786
River), which failed to make a full
Average
77-6
81-0
82-7
82-0
820
crop
last
year, has this year made an excellent one, and
A faithful
rendering of the foregoing seems to us to further, that
region this year planted 30 to 35 per cent
indicate very clearly that
nothing happened affecting increased land in
cotton, according to the Galveston
the crop in August, 18*79, that was not as
bad, or worse, Cotton Exchange,
although the average for the whole
in August, 1878.
Less rain fell in that month this year State was
only 10 per cent. Now, every one of those
everywhere except at Wilmington and Mobile, and the statements
is, we believe, a fact which will find no
reports of shedding and worms were about as bad as they denial from
With the help
any well-informed source.
always are, but no worse, and if any difference is to be of them the reader can
estimate for himself what the
noted it is that there was an
improvement this year over result of Texas is
likely to be, if he is not satisfied with
the previous year. Please
study these figures and state¬ what we considered our
very liberal figures of loss given
ments, and see if we must not conclude that, with two weeks
since.
local exceptions, the promise on the 1st of
September
It only remains now to
speak with regard to the Mis¬
in the States named is to be
presumed under this infor¬ sissippi Valley
States, where a very good crop is reported
mation to have been fully
up to last year, except in the
by every authority (against a short crop last
matter of the crop
year)}
being 7 to 14 days later.
With regard to subsequent months in the Atlantic especially in all the rich river-bottom lands; and where,
further, there is not only a large increase in the yield of
States, it seems scarcely necessary for the purposes of seed cotton but a
perfectly surprising increase in the out¬
this inquiry to enter into much detail. We think no one
turn of lint from a given
amount of seed cotton—a very
will dispute us when we
say that the conditions since
large section reporting that 1,000 pounds of seed cotton
September 1st have been confessedly far more favorable this
year yield as much as 1,300 pounds did last year.
than a year ago.
Way into the latter part of October More than that, all
say there never was a Fall like
not only the
days but the nights were as warm this for
maturing and gathering cotton. We do not
as
in the early part of
September (even as far propose to measure in figures the increased contribution
north as the Carolinas), and cotton
grew and fruited which, under suoh
circumstances, this most important
just as well and as fast.
We might almost affirm of the cotton
sections may be expected to a id to the
that there
never
was
such a Fall season
for
crop this year.
If the reader wants figures for other
developing and maturing a top crop wherever there
years as a guide, we cannot give them to him in full or
was rain
enough to start the new growth, for the fruit with
any exactness, because of the divers ways cotton
matured to the very top and in abundance.
It is to be reaches the market.
Here, however, is an approximate
remembered also that this truth is one of universal
statement for a period just
previous to the war, made by
application to the cotton section, with limited excep¬ a
of
arrivals
comparison
the
at Mobile and New Orleans
tions—and is it not a very important fact in this discus¬
for a good year in that section
following an inferior
sion ? Let us suppose there are
5,000 cotton stalks in year.
an acre, and that each
stalk, by reason of this extraord¬
Year ending September 1.
1859.
inarily favorable weather, added two bolls on an average
1360.
to a stalk, and you will have 10,000 bolls additional
to
worst sections the
State of
no
“
each
acre.
pound,
If it takes
100
of these bolls
to
make
a
would have 100 pounds to the acre more, by
reason of this fine
Autumn, than the promised yield on
September 1st, which, if applied to the total acreage
^(12,679,000 acres), would give us 1,267,900,600 pounds
of seed cotton, or 422,633,333
pounds of lint, or very
nearly a million bales simply on two extra bolls. We
do not give that as an actual result that has been
reached; but simply as a suggestion of the possibilities
of a fine growing Fall, which
fully matures a new
growth—something for the reader to think about and
-.
we
Receipts' at Mobile
Receipts at New Orleans
Reoeipts overland
_
.
704,400
1,669,274
,
85,321
Total
2,459,001
We claim
|
843,012
2,139,425
103,676
3,091,118
nothing for the above except that it may
guide the reader in some measure in forming a judg¬
ment on the point in
question. Since the war the
cotton currents have
changed. The Mississippi Valloy
(we mean by that, Mississippi, Louisiana, Arkansas and
Tennessee) now sends its cotton to market mainly
through New Orleans, or Memphis, or Norfolk, or
overland, the latter meaning to New York, Bosicn*
figure over.
&c., and to mills direct. The net at New Orleans and
A special word should here be added with
regard to the
gross overland, for the two years ending with Sep¬
Texas, as that is the State in which the greatest loss has
tember
1, 1875 andl876, were as follows, the first year
been estimated by the different authorities. It is the
only State, other than the ones we have named above, being a bad one and the second year a good one in the
section under discussion.
classed among those
contributing a decreased yield. The
basis of the belief in a
large falling off, is of course the
Year ending September 1.
1875.
1876.
long-continued and extended drought. In order, how¬
ever, that one may rightly measure that influence, it New Oilcans, net
993,7~5
1,415,959
should be remembered (1) that the
461,751
703,780
drought in its chief Overland, gross
Total
:
severity was confined to the central belt of counties and
1,455,520
2,119,739
;
December 20,
THE CHRONICLE.
1979.1
647
c
We may add, as we did to the previous
statement, that
we do not claim
any exact conclusion froA these totals.
Of
course
they do not, in either
the whole of
the crop of the section in question, while at the same
time they include some part of the crop
of other States.
The reader may give just what
weight he chooses to
them. The last figures show a difference in
receipts via
these routes between a good and bad
year of about
650,000 bales—almost the same difference which the
case, cover
previous ante-war statement shows.
We have thus brought in review some of the
leading
facts bearing upon the difficult
problem of this year’s
American cotton supply. To our mind,
they all seem
to point in one direction, and to
fully confirm our
estimate, two weeks since, of the amount Europe is to get
from this crop.
Our purpose in this review has been to
present only public facts generally admitted, leaving out
almost wholly our own private information. We should
have added some suggestions with
regard to the tables
we give below,
containing a record of the weather since
the issue of our acreage report, for
they have an import¬
ant bearing on the same question,
and, if thoroughly
analyzed, seem to point in the same direction as the
other facts we have noticed.
But this article has
already
grown far beyond the limits intended, and we shall have
to reserve for another occasion
any further explanation,
f an y is needed.
Thermometer.
June.
July.
August.
Septemb’r October.
Novemb’r
1879. 1878. 1879. 1878. 1879. 1878. 1879.1878. 1879. 1878. 1879. 1878.
Norfolk.
Highest
Lowest
Average
90*0^
90*0 97*0 102*0 101*0
550 50*0 01*0 00*0
75*9 71*58 78*9 81*94
90*0 98*0
00*0 03*0
75*7 78*35
93*0
51*0 57*0
09*0 72*50
87*0
04*9 00*86
50*6 50*47
93*0
53*0
74*3
91*0 103*0
52*0 08*0
72*8 79*2
97*0
00*0
80*0
98*0
58*0
70*8
99*0
02*0
79*2
•2*0
94*0
55*0
73*8
80*0
30*0
07*5
88*0
24*0
55*1
76*0
32*0
54*0
920
00*0
79*0
90*0 104*0
04*0 71*0
78*4 84*1
95*0
73*0
82*9
95*0
02*0
80*0
97*0
69*0
83*1
89*0
54*0
90*0
03*0
77*2
87*0
84*0
82*0
44*0
44*0
80*0
70*0
07*5
58*7
75*0
87*0
57*9
95*0 105*0 91*0 95*0
04*0 09*0 51*0 00*0
78*7 83*07 73*34 74*77
89*0 85*0
40*0 40*0
69*2 64*88
84*0
27*0
80*0
83*0
78*0
37*0
04*0
35*0
00*5
22*0
710
30*0
53*3
53*2
85*0
44*0
07*3
81*0
33*0
59*8
77*0
30*0
59*1
89*0
42*0
•9*0
81*0
29*0
59*0
80*0
85*0
40*0
09*4
34*5
....
81*0
43*0
37*0
80*0
71*0
340
21*0
Wilmington.
Highest
Lowest
Average
47*0
71*2
80*0
40*0
63*4
Charleston.
Highest
Lowest
Average
75*0
Augusta.
Highest
Lowest
Average
95*0 90*0 104*0 105*0
59*0 580 060 71*0
82*7 84*52
793 77*50
Atlanta.
Highest
Lowest
Average
90*0
53*0
73*9
90*0
58*0
74*3
99*0
04*0
79*0
'102*0
82*0
94*0
58*0
70*0
98*0
07*0
80*4
45*0
08*8
92*0
53*0
71*3
98*0
72*0
83*0
97*0 100*0
03*0 09*0
79*8 84*5
90*0
55*0
74*2
93*0 80*0
03*0 -43*0
7«*3 70*5
93*0
73*0
81*0
94*0
70*0
82*0
90*0
70*0
78*0
91*0
80*0
59*0
79*0
45*0
92*0
07*0
77*9
80*0
52*0
08*0
88*0
77*0
33*0
54 3
57*0
Savannah.
Highest
96*0
Lowest
01*0
Average
79*2
93*0 105*0
05*0 09*0
78*9 83*0
930
03*0
70*0
95*0
64*0
80*0
900
020
79*0
90*0 104*0
00*0 68*0
80*4 83*4
97*0
72*0
83*4
90*0
08*0
81*3
98*5
08*0
82*8
90*0
01*0
92*0
62*0
77*5
94*0
63*0
78*9
94*0
70*0
81*7
91*0
65*0
77.7
93*0
90*0
Lowest
98*0
58*0
93*0
01*5
Average
79*3
95*0 101*0 100*0
63*0 71*0 73*0
79*5 82*4 85*0
90*0
01*0
79*7
95*0 100*0
67*5 71*0
81*6 81*7
91*0
05*0
80*9
92*0
71*0
82*0
Columb’s, Ga.
Highest
Lowest
Average
98*0 102*0
71*0 72*0
80*0 87*0
73*0
'
79*0
58*0
Jacks’nville
Highest
Lowest
Average
70*8
734
83*0
80*0
41*0
01*6
03*5
St. Marks.
Highest
Lowest
Average
97*0
09*0
89*0
87*0
49*0
71*5
39*0
07*0
87*0
80*0
88*0
83*0
43*5
29*0
33*0
08*1
04*9
58*6
56*4
89*0
42*0
08*4
82*0
33*0
00*5
81*0
36*0
58*1
82*0
88*0
04*9
70*0
80*3
94*0
00*0 58*0
75*1 70*09
77*0
97*0
70*0
82*0
90*0
53*0
73*8
90*0
57*0
70*8
98*5
72*5
84*5
94*0
67*0
78*0
970
72*0
82*7
91*0
61*5
90*0
48*0
75*8
92*0
50*5
77*8
93*0
75*0
84*1
89*0
09*0
81*0
94*0
73*0
83*5
90*0
05*0
78*5
89*0
01*t
78*7
80*0
50*0
72*4
87*0
90*0 89*0 98*0 92*0
53*0 04*0 720 72*0
70*5 75*13 79*20 78*28
88*0
62*0
74*1
94*0
08*0
80*0 80*0 87*0
50*0 37*0 39*0
71*8 63*12 60*30
87*0
93*0
91*0
30*0
08*4
91*0
35*0
00*0
89*0
39*0
90*0
88*0
05*8
80*9
04*0
•
•
•
•
80*0
34*0
50*7
Montg’mery.
Highest
77*0
Mobile.
Highest
Lowest
Average
09*7
N. Orleans.
Highest
Lowest
Average......
91*0
73*0
83*0
49*0
70*6
41*0
00*8
Fayette.MIss
Highest
Lowest
Average
80*1
48*0
73*9
80*0 70*0
80*0 310
58*0 53*19
Vicksburg.
Highest
Lowest
Below
give the official data of rainfall and ther?
mometer changes from June to November, both months
inclusive, for 1878 and 1879. The same record for the
previous months of the two years will be found in our
acreage report—Chronicle, page 638, June 28, 1879 :
we
Average
Rainfall.
Norfolk.
Rain, inches.
Days of rain.
Wilmington.
Rain, inches.
Days of rain.
Charleston.
Rain, inches.
Days of rain.
July.
August.
Septemb’r October. fNovemb’r
1879. 1878. 1879. 1878. 1879. 1878. 1879. 1878. 1879. 1878.
1879.
1878.'
Highest
Lowest
9
513
15
3*90
10
2*02
10
7*70
12
9*95
17
3*77
Average
Highest
Lowest
3*11 11*37
8
18
7*37
0*18
18
0*25
7*24
12
200
9
8
5*54
8
3*98
7
3*70
1*39
9
3*85
0
4
335
8
4-33
11
4*07
10
329
5
547
12
7*77 12*10
0
19
4*50 10*73
12
15
5*90
9
8*28
12
0*74
10
1*21
10
8*41
14
6*48
4*75
20
5*46
4*40
9
8*as
13
2*70
317
539
9
4*97
0*99
5*03
0*42
I
5
2*48
0
Average
17
5*85
14
15
'
10
Rain, inches.
5
Days of rain.
Savannah.
Rain, inches. 5-86
Days of rain. 12
Columb’s, Ga.
Rain, inches. 341
6
Days of rain.
Average
4*72
3*76
1*17
12
10
15
4
4*29
15
6*37
12
5*10
0*03
14
5*54
13
4*83
10
7*58
9
4*01
8
5*03
8*02
10
19
9
Rain, inches. 125 503 5*44 4*63 8*39 2*85
9
11
10
15
10
13
Days of rain.
St. Marks.
Rain, inches. 8-60 7*24 9*82 3*49 18*09 7*29
13
13
14
17
17
Days of rain.1 10
Montg’mkry.
Rain, inches. 3*22 5*85 5*21 4*59 4*54 7*07
8
17
10
10
11
Days of rain. 14
Rain, inches.
Days of rain.
N. Orleans.
Rain, inches.
Days of rain.
Fayette,Miss
Rain, inches.
Days of rain.
Vicksburg.
Rain, inches.
Days of rain.
Columbus, M.
Rain, inches.
Days of rain.
Shreveport.
Rain, inches.
Days of rain.
5
8*18
7
7
3*81
8
1*75
4
5*44
14
1*94
8
0*65
7*20
13
8*87
10
17
2*54
7
2*40
7
3*97
7
1*01
3
200
0
0*73
2*82
9
5
1*80
3
0*67
7
8*24 21*12
19
20
9*45
20
3*81
5
1*24
8
1*39
5
9*82
13
1*94 12*94
14
15
3*48
5
....
0*89
7
1*12
7
2*55 10*20
2
17
3*42
7
1*47
0
3*92
5*15
4*72
20
4*84
9
0*31
10
1*30
11
5*07
9
3*79
....
3*87
8
Nashville.
Rain, inches.
Days of rain.
Little Rock.
Rain, inches.
Days of rain.
Memphis.
Rain, inches.
Days of rain.
Galveston.
Rain, inches.
Days of rain.
INDIANOLA.
Rain, inches.
Days of rain.
Corsicana.
Rain, inches.
Days of rain.
9
0*60 11*17
10
22
2*98 10*54
18
10
9*95
22
1*33
10
3*86
13
2-96
11
7*35
14
7*04
17
6*21 10*44
15
18
5*31
19
3*15
12
2*04
8
1-90
7*00
11
4*50
9
500
13
8*00
4
2*50
6
900
5
3*30
none
14
9
3*30
4
5*30
10
2*50
none
274
8
8*81
15
3*03
3*37
4*49
6*37
4*90
9
7
13
13
0
1*31
8
3*90
8
5*90
18
5*49
250
8
9*29
14
3*55
8
3*13
6
3*33
10
7*62
12
3*37
3
3*10
0*32
9
3*05
9
3*50
9
4*00
7
2*09
5
7*65
13
2*41
6*11
2*75
15
0*95
2
7
0*52
5
1*00
4
2*28
11
1*00
7
7
4*57
8
8*56
7
250
12
3*28
15
8*47
12
9*43
10
4*02
9
5 02
11
5*18
9
1*28
2*90
0
2*17
9
5*85
11
8*20
8
2’90
3*13
10
6*70
8*90
10
11
6*78
9
0*38
4
5*45
13
1
1*24
4
1*05
5
3*32
7
3*03
9
304
7
317
5*47
4*57
1*83
0*02
14
3*01
13
2*40
10
2*59
1*39
14
5
11
2*04
8
0*01
5
2*72
13
12
1-96
3*47
U
3*09
7*70
15
7*18
7.
7*58
19
1*47
10
5*08
10
0*00
3*72
8
1*97
9
7*31
12
0*63
2*70
0*79
9
2*72
7*14
11
0*88
0*54
1*12
12
4*49
18
7*27
9
10
0*13
0
604
10
9
8
12
285
5*42
1*70
3*82
6
0*34
0*58
3*23
0
0*88
14
7
2*25
3
355
1*33
4
1
0
2*09
0
7
8
0
8
....
13
.
....
13
.
....
2
94*0 100*0
00*0 63*0
790 85*2
98*0
90*0
71*0 01*0
83*7 .78*0
83*0
93*0
50*0
77*2
94*0 101*0
52*0 66*0
73*4 83*5
97*5
03*0
82*8
90*0
55*0
97*0
03*0
80*6
90*0
52*0
700
87*0 100*0
59*0 09*0
74*0 83*0
96*0
75*0
97*0
82*0
75*0
97*0
540
77*0
94*0
58*0
70*4
96*0
60*0
83*6
97*0
07*0
83*7
94*0
04*0
81*4
93*0
72*0
83*5
92*0
70*0
84*4
95*0
73*0
84*7
91*0
71*0
98*0
030
83*6
98*0
700
85*2
90*0
72*0
84*5
....
83*0
31*0
00*3
77*0
33*0
56*5
98*0
08*0
89*0
55*0
72*0
92*0
85*0
91*0
420
47 O
52*0
77*0
08*9
84*0
31*0
81*0
34*0
53*0
56*7
75*9
08*2 70*33
89*0 84*0
37*0 30*0
00*7 59*00
78*0 71*0
23*0 28*0
52*4 49*67
59*0
97*0
07*0
79*0
87*0
50*0
71*0
92*0
49*0
71*0
87*0
330
04*0
80*0
22*0
52*0
84*0
30*0
40*0
78*0
31*0
42*0
Lowest
Average
990
07*0
75*4
r
t
t
88*0
51*0
09*7
-
....
90*0
09 0
81*3
94*0
73*0
83*8
97*0
71*0
82*2
90*0
74*0
84*3
r
.
....
82*0
27*0
54*4
92*0
38*0
65*0
79*3
89*0
61*0
78*5
80*0
51*0
73*2
87*0
50*0
78*0
02*0
09*0
79*7
93*0
00*0
80*1
88*0
52*0
73*2
91*0
50*0
73*9
....
■
•
•
*
....
.
...
75*0
37*0
02*2
14
11
Highest
94*0
Lowest
03*0
Average
81*8
85*0
43*0
60*9
83*0
37*0
03*2
Corsicana.
Lowest
Highest
99*0
51*0
Average
81*0|
970 103*0 102*0 102*0 104*0 99*0 95*0 91*0 93*0
04*0 70*0 67*0 63*01 67*0 58*0 49*0 39*0 40*0
791 88*00 83*11 83*09;84*271 79*95 75*10 70*15 07*78
87*0 83*0
29*0 20*0
02*0 57*21
The
2-35
14
....
000
56*0
30*01
....
57*0
74*3
INDIANOLA.
JACKS’NVTLLE
Mobile.
Average
Galveston.
Highest
Atlanta.
1*77
5
71*0
83*5
Memphis.
9
AUGUSTA.
Rain, inches.
Days of rain.
Lowest
3*13
2*39
9
970 100*0
02*0 05*0
78*0 82*3
68*0
83*1
Little Rock.
Lowest
2*25
10
98*0 100*0
Nashville.
Highest
2-57
95*0
62*0
78*4
Shreveport.
Highest
June.
900
53*0
79*4
7*78
0
0
0
8
foregoing weather data are the figures of the
Signal Service Bureau at all points where they have
stations. At all the other points included in the tables
the records are kept by our own correspondents, except
for Atlanta, the figures for which are kindly furnished
us by the Commissioner of
Agriculture for Georgia.
THE PROSPECT OF REFORM IN RUSSIA.
The
news
from
Russia, from day to day, almost
con¬
tinuously since the close of the late war, has been of an
exciting and at times of an alarming character. It was
natural to expect
which Russia had
that a successful war* such as that
waged against Turkey, would have
the effect of putting the people in the best of spirits, and
of arousing their loyalty to the Government. The effect
was quite different.
The triumphs of peace were marred
by the outbreak of the Nihilist conspiracy; and in spite
of executions, wholesale deportations to Siberia, and the
rigid military rule which has been established all over the
empire, the spirit of rebellion remains unchecked, the
secret societies continue to flourish, and attempts at
assassination directed against the Chief of the State are
repeated, in form more daring than ever.
It has long been manifest to outside observers that
what Russia needed
was
the
slackening of the reins of
people to a share in
absolutism and the admission of the
«48
THE CHRONICLE.
i-he government
tries of Europe,
of the empire. In all the other coun¬
the popular cause has triumphed; and
from London to the mouths of the Danube, from the
Tiber to Stockholm, representative institutions
prevail.
We leave Turkey out of this category, as it can
hardly
any longer be regarded as a European power. In Russia
alone, of all the European powers, are the people abso¬
lutely excluded from participation in the affairs of
the government.
This is the more wonderful because
Russia, during the late war, figured in the role of
emancipator and protector of oppressed nationalities, and
at the Berlin Conference she took her
part in secur¬
ing for the emancipated nations representative institu¬
tions. It was not difficult to perceive that there was
here an inconsistency which would soon force itself on
the attention of the Russian people.
If representative
institutions were good and desirable for Wallachs, Serbs,
and Bulgarians, it was certainly not easy to understand
why they were not good and desirable for Russians as
well; and a Russian soldier might be pardoned for ask¬
ing himself the quest:on why he was compelled to fight
AXiX.
Council of the
Empire, the Directing Senate, the Holy
Synod, and «the Council of Ministers. All these are
responsible to and dependent on the will of the Czar ;
and they make their reports either
directly to him or
through the private Cabinet. It is a form of govern¬
ment which ignores the
popular voice. According to
certain and apparently well-authenticated reports, this
is to be supplanted by a regular form of
parliamentary
government with its Upper and Lower House, and its
cabinet of responsible ministers. The details are numer¬
ous; but it is probably unsafe as yet to accept them too
implicitly. The suffrage, it is said, will be universal. The
Upper House is to be composed solely of nobles nomi¬
nated by the Emperor. It is not intended to include
under the parliamentary rule such provinces as
the Cau¬
casus, Siberia, and the territory owned by Russia in
Central Asia. These, for the time being, are to be
placed under some sort of vice-regal authority, the vice¬
roy to be appointed by the Czar. The introduction of
such a system of government
among such a people may
be attended, at first, with
difficulty, but it will not be
to secure that for others which was denied to himself. wonderful if
Russia, through the influence of parlia¬
The marvel is that the Czar and his advisers did not
mentary government, should enter upon a new career of
sooner perceive the awkward dilemma in which
they had progress and prosperity.
placed themselves, and that they have not, with more
expedition and greater adroitness, proceeded to get
<&omm£Kti<xX
themselves out of the
But there
^uqU&U Utews
difficulty.
to be
good
for believing that
Russian statesmen are perceiving the false position which
they occupy, and feeling the necessity which exists for
seems
reason
immediate and extensive reform.
Of late
we
meetings,
we are hardly in doubt that
radical reform in the Government was
the urgency of
pressed on the
attention of the Czar.
It would appear that prior to
the latest reported attempt on his life, the Czar was
in favor of making large concessions to the
people and
one
of his most trusted ministers
was
instructed to
draw up a project of reform.
Later reports have it that
the Czar has changed his mind, and that he refuses to
-entertain any proposals looking to
the condition of his people. It is
the amelioration of
probable, however,
that this is only a temporary feeling, and that with
returning calm and composure of mind, his better
resolves will be revived. It is not very wonderful that
he should be angry with his people. No doubt, he
means well
enough by them ; and it is but truth to say
that compared with some of his predecessors, he has
been a wise and beneficent ruler. His
emancipation of
the serfs has secured him a place among the benefactors
of mankind. Considering all he has done from his own
standpoint, it is not unnatural that he should charge his
people with ingratitude, and that he should be suffering
from the stings which a sense of ingratitude inflicts. It
is not possible for him, however,
permanently to hinder
the reform movement.
If he resists the pressure which
is evidently about to be brought to bear
upon him, he will
force his counsellors into
unwilling antagonism, and he
will be compelled to retire in favor of his son. It will
be well, therefore, if, mindful of the fate of the Em¬
peror Paul, and of that of his uncle and namesake the
Emperor Alexander, he yields in time, and places him¬
self in harmony with this movement.
At the present moment the
system of government
which prevails in Russia is a pure and
unqualified des¬
potism. In addition to his private Cabinet, the Czar has
iihe assistance of four great
colleges or boaids:—the
EXCHANGE AT LONDON—
EXCHANGE ON LONDON.
December 4.
have had
•reports of meetings of the Cabinet Council; and although
these reports have not been very explicit as to what
actually transpired at some of the very latest of these
that
RATES OF EXCHANGE AT LONDON AND ON LONDON
AT LATEST DATES.
On-
Time.
Paris
Paris
Amsterdam.
Short.
3 mos.
Short.
3 lDftfl.
A
m
nt.prd
n rn
Latest
Date.
Rate.
25*22 M2® 25-30
Dec.
25*4212@25*4712
Dec.
12*112 @12*212
Time.
Rate.
5 Short.
25*24
5
Short.
12*10
12*3% @12*414
Antwerp....
44
25*47is®25*52i2 Dec.
5
Short.
25*2712
44
Berlin
Frankfort...
44
20*55
20*55
20*55
5
Short.
20*34
44
44
Lfvipzi^
St.Petersb’rg
Copenhagen.
20*55
44
@20*59
@20*59
@20*59
@20*59
C!adiz
Lisbon
44
47ig®47i4
00days
52i4@52i2
44
Bombay
Calcutta
....
3
•
•
•
....
3 mos.
Dec.
5
Dec.
Dec.
Deo.
Dec.
Dec.
Dec.
Dec.
5 3 mos.
44
5
5 Short.
5 4 mos.
44
5
u
4
116*68
4fi 7g @ 47 ig
28*70
mos.
@28*75
....
....
GO days
Is. SMd.
is. 8i4d.
44
....
Hong Kong..
,
....
•
18*42 @18*47
11 *8712® 11'921s
Vienna
..
.....
245s@24%
44
44
Genoa
Alexandria
New York...
Dec.
....
Shanghai....
4
44
28*30
-
9578
4*82
Is. 87i«d.
Is. 812a.
3s. lOd.
5s. 2i2d.
,
•
*01.
[From
our own
correspondent. I
London, Saturday, December 6, 1879.
This week’s Bank return is not quite so favorable as its
predecessor, but it shows that there is more activity in the
money market, and that the improvement in trade is at length
beginning to exercise some influence. The money market in
the early part of the week was decidedly easy, but since the
publication of the weekly Bank statement less desire to lend
has been evinced, and a tendency to improvement is apparentThe French exchange has become less favorable to us, and there
is some expectation of gold being transmitted to Paris; but, on
the other hand, the New York exchange has improved and less
gold is likely to be shipped to the United States. The demand
for money seems to be of a more general character, and there is
every reason to believe that increased means for the employ¬
ment of capital will soon become manifest. The announcement
that the value of manufactured
goods in the United States is
higher than it is in Europe has had a good effect, as it leads to
the hope that our export trade will improve, and there is
ample evidence that the trade of the country is in a more satis¬
factory state, inasmuch as an important advance in prices has
been maintained, and the recent speculative activity has been
followed by a genuine healthy demand for many classes of our
goods. The closing weeks of the year are seldom characterized
by much activity; but the orders in hand are fairly numerous,
and the prospect for 1880 seems at present to be very encour¬
aging. There will, perhaps, be distress in some places, and
especially in the agricultural districts, if the present severe
weather continues; but, at the same time, the country is justi-
being sanguine in regard to the future. We hear now
very little of actual, or impending, failures.
According to the weekly return, the Bank has experienced a
better demand for money, there being an increase of £332,399
in “ other securities.” The note circulation has been augmented,
but coin has again been returned from provincial circulation,
there being a diminution in the supply of £537,073, against a
recorded efflux of £827,000. The Bank has been repaid a sum
of about £950,000,' and the other alterations in the return are
chiefly due to Treasury receipts and disbursements. The
money market, which was rather quiet in the early part of the
week, is now firm at the following quotations :
fled in
Per cent.
3
Bank rate
Open-market rates—
30 and 60 days’ bills
l7e@2
3 months’ bills
Open market rates—
Per cent.
4 months’ bank bills
2%'® 2%
6 months’ bank bills
2%@2%
4 & 6 months’ trade bills. 3 'a* 3%
2
The rates of interest allowed by the
discount houses for
deposits are subjoined
Joint-stock banks
Discount houses at call
do
with 7
joint stock banks and
:
Per cent.
1 %*& 2
1%
.
or
14
days’ notice
1%
Annexed is a statement showing the present position of the
Bank of England, the Bank rate of discount, the price of consols,
the average
quotation for English wheat, the price of middling
upland cotton, and the Bankers* Clearing House return, com¬
pared with the three previous years:
Circulation, including
bank post bills
Public deposits
Other deposits
1879.
1878.
1877,
&
29,941,332
&
29,647,675
3,595,752
25,869,466
14,737,624
&
27,375,240
2,755,629
29,965,269
Governm’t securities. 16,348,678
Other securities
19,169,934
Res’ve of notes & coin. 15,143,598
Coin and bullion in
both departments
..
Proportion of
4,636,903
19,629,343
20,728,354
13,182,326
17,475,305
11,958,971
1876.
£
27,924,871
6,398,081
25,427,699
15,832,797
45*79
3 p. c.
40*25
47*03
4 p. c.
52*25
reserve
5 p. c.
2 p. c.
97%
94%
95%
93%
Eng. wheat, av. price.
46s. 7d.
41s. 3d.
51s. 7d.
48s. 4d.
Mid. Upland cotton...
6%d.
5»|6d.
6%d.
6%d.
Clear’g-house return. 123,564,000 105,829,000 109,932,000 112,320,000
The
following are the current rates of discount at the prin¬
cipal foreign centres:
Paris.
Brussels
Amsterdam.
Berlin
....
Pr. ct.
2%@2%
2%©2%
3
Bank
rate.
Pr. ct.
St. Petersburg
6
Vienna & Trieste.
4
...
Madrid, Cadiz &
Barcelona
4
3%@3%
5
3%©3% Lisbon & Oporto.
6
3%©3% Calcutta
3%©3% Copenhagen
3%©4
Open
market.
Pr. ct.
5%@614
378©41s
for South America will shortly^
and that other colonial loans^are in contemplation.
On the Stock
Exchange there has been less buoyancy, and the
railway shares has experienced a slight relapse.
value of British
The
railway traffic returns are not so favorable as very sanguine'
speculators had anticipated, but they are very satisfactory, the
total for the week having amounted to £1,224,097, on 16,012%
miles, against £1,086.278 last year, on 15,823 miles, showing an
increase of 189% miles and of £137,819. In Erie and Atlantic
& Great Western Railway securities considerable business has
been done, but the market closes with a quiet appearance. The
consol market has been very firm, the quotations having been
as high as 97% to 97% ex dividend, being equivalent to 99%
to 99% with dividend. United States Government securities
have fluctuated in value to some extent, but the tone is good.
Latterly, business has been interrupted by a heavy fall of snow
in Paris, and by telegraphic communication having been much
impeded in various parts of the Continent.
The London and County Bank, one of our largest banking
institutions, has resolved to re-register under Sir Stafford Northcote’s act, and will be a limited liability bank as soon as the
requisite formalities have been gone through. The other large
banks will probably follow the movement. The result has been
that the value of bank shares has considerably improved,
The silver market has been dull, and the quotations have
had a downward tendency. India Council bills were sold on
Wednesday at Is. 8%d. the rupee. The following prices of'
bullion are from Messrs. Pixley & Abell’s circular:
gold, fine
peroz.
per oz.
gold, reflnable
standard.
standard.
Spanish doubloons
peroz.
peroz.
peroz
per oz.
5 grs. gold
Quicksilver, &7 2s. 6d.© J£7 5s.
s.
73
73
76
76
9 'S)
8%©
6 © 76
7 ©
standard. 52% ©
standard. 53% ©
peroz.
peroz.
.per oz
56%
51%
7
d.
d.
per oz.
per oz.
d.
77 9%*©
77 11 ©
silver.
Bar silver, fine
Bar silver, contain’g
Cake silver
Mexican dollars
Chilian dollars
d.
s.
gold
South American doubloons
United States gold coin.....
German gold coin
29,400,215
Open
appear,
11,624,603
23,618,003
market.
loan for £2,000,000
a
Bar
Bar
26,364,256
Bank
rate.
Pr. ct.
3
3
3
that
17,102,566
16,787,290
27,733,246
to liabilities
Bank rate
Consols.
649
THE CHRONICLE.
December 20, ib?9. j
©
©
©
....
....
....
Discount, 3 per cent.
receipts at the Imperial German Post and
Telegraph Office, the inference has been drawn that there is a
decided change for the better in the general state of trade in
Germany. In July and August last the receipts for postage
From the increased
and
telegrams were altogether 20,334,270 marks, or £1,016,713..
September and October they had increased to 22,362,325
Frankfort..
Leipzig....
3%@4
marks,
or £1,118,116, being two million marks, or £100,000, more
Genoa
4
4
New York
5
@6
than in the previous two months, and about one million marks,
Geneva....
3%
3%
Tenders for £1,500,000 Treasury bills were opened at the or £50,000, more than in the corresponding period last year.
Bank of England on Tuesday last.
The amounts allotted The advance is strongest in the Telegraph Department, and it......
Hamburg...
4%
4%
4%
were—in bills at three months,
4
5
©5
@6
£1,245,000; do. at six months,
In
is remarked that the increase “commenced at the moment when
the results of the Vienna
journey of the Chancellor became
generally known, and tends to show that among the
business * public the general confidence has been strengthened
Government is borrowing, therefore, at 1 % per cent for short in the continuance of peace.”
periods, and at the rate of 2/£ per cent per annum on six
Saturday was the last day for depositing the plans of private
months* bills.
bills to be introduced during the next session of Parliament.
Since the period that foreign loans were shunned by the The number amounts this year to 213, contrasting with 238 in
public in consequence of the default of several foreign Gov¬ 1878.
At a meeting of bondholders of the Atlantic & Great
ernments, loans for our colonies have been introduced and
floated with greater facility and on easy terms. It has been Western Railroad Company, held on Thursday, at the Can¬
maintained that our colonial governments were accumulating non street Hotel, Mr. Charles E. Lewis, M. P„ in the chair,,
debt at too rapid a pace; but the development of our colonies the following resolution was unanimously carried:—" That
has been very considerable of late years, and the movement this meeting, having heard the statement of the Chairman of
shows no signs of retrogression. The foreign loans which were the Reorganization Trusts as to the means they have taken tonegotiated here some years since led to a considerable increase raise the money required to complete the reorganization*
in our export trade, and now that the colonies are
borrowing hereby ratifies and confirms their proceedings, and authorizes
somewhat extensively, there is likely to be a renewed demand them to take all such further steps as may be necessary to
for our manufactures—especially for iron, both for railway pur¬ carry out the same and to complete the reorganization.”
The trade for wheat during the week has been firmer, and as
poses, and for the construction of docks, bridges, and other
the
Baltic ports are now frozen up diminished supplies of
public works. This week the Crown Agents for the colonies
have issued a prospectus of a New Zealand Government loan foreign produce are looked forward to. Our importations have
for £5,00Q,000, to be issued in five per cent bonds at the price of been liberal, and millers operate cautiously, but they have been
£97 10s. per £100 bond. Applications will be received at the compelled to pay somewhat higher prices.
Bank of England, and interest is to date from the 1st of
During the week ended November, 29 the sales of home¬
November last. The debt of the colony, including this loan, grown wheat in the 150 principal markets of England and Wales
will then amount to £26,513,000, and the accrued sinking fund amounted to 38,580 quarters, against 51,323 quarters last year;
to £1,709,000. Nearly the whole of these loans has been and it is estimated that in the whole kingdom they were
absorbed in the construction of public works, railways having 154,320 quarters, against 205,300 quarters in 1878.
Since
cost £9,850,000, and public buildings, telegraphs, harbors, roads, harvest the sales in the 150 principal markets have been
&c., £5,120,000. Immigration has led to an expenditure of 375,433 quarters, against 779,771 quarters, while it is com¬
£3,770,000; £1,470,000 has been disbursed in buying up native puted that they have been in the whole kingdom 1,501,750’
lands, and £2,000,000 was paid out of loans for the Maori War. quarters, against 3,119,000 quarters in the corresponding period
The gross revenue of the colony is £3,552,000. It is also stated of last season. Without reckoning the supplies furnished
£260,000.
Tenders for bills at three months at £99 10s. 8d.
received about 6 per cent, above that price in full; while ten¬
ders for six months* bills at £98 15s. received in full. The
more
650
THE CHRONICLE.
ex-granary at the commencement of the season, it is estimated
following quantities of wheat and flour have been
placed upon the British markets since harvest:
that the
1879.
1878.
Imports of wheat.cwt.21,016,954
Imports of flour
3,233,893
Sales
of
produce;
home-grown
6,507,500
Total.,
Deduct
exports
wheat and flour
30,758,347
or
11,408,000* 12,883,500
29,872,993
30,573,369
24,940,624
666,853
614,426
360,316
297,037
29,206,160 29,958,943 24,580,303
....30,461,310
Av’ge price of English
48s. 4d.
season.
10,353,079
1,704,045
1,973,843
41s. 5d.
55s. Od.
47s. 2d.
The
following figures show the imports and exports of cereal
produce into and from the United Kingdom since harvest, viz.,
from the first of September to the close of last
week, compared
with the corresponding
period in the three previous years :
IMPORTS.
1879.
Wheat
Barley
Oats
Peas
Beans
Indian
FLour
1878.
1877.
cwt.21,016,9*54
14,459,731
4,986,924
688,589
770,806
6,198,643
4,236,622
3.364,339
528,280
454,116
9,201,697
3,233,893
1,897,262
5,568,709
com
1876.
17,191,526
3,592,445
3,116,128
10,353,079
3,877,423
3,413,231
615,168'
1,258,732
7,816,867
481,705
1,370,364
11,657,870
1,973,843
1,704,045
EXPORT8.
1879.
Wheat
cwt.
Barley
Oats
Peas
Beans
Indian
Flour
1878.
1876.
640,340
5,649
C02,017
51,481
35,495
5,488
2,368
86,996
22,747
46,587
6,623
8,120
35,945
12,409
15,178
30,779
11,004
299,133
com
1877.
259,382
37,655
26,493
346,438
5,223
41,147
8,013
10,904
157,435
13,968
Enslldh Market Reports—Per Cable.
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 has increased £93,000
daring the week.
Sliver,
d. 523*
per oz
Consols for money
Consols for account
U. S. 5s of 1881
U. S. 4%s of 1891
U. S. 4s of 1907
Erie, common stock
Illinois Central
97%fi
97316
....
Mon.
Dec.
Tues.
Dec.
Wed.
Dec.
15.
16.
17.
52%
52%
97i16
97i16
97%
106%
109%
105%
109%
97%
106%
109%
106% xl06
43%
103
52
Pennsylvania
106
43%
102%
52
35%
Sat.
Mon.
d.
Flour (ex. State) $ bbl.. 30 6
Wheat,spr’g,No.2,1001b. 11 1
Spring, No. 3... “ 10 8
Winter,West.,n.
“
11 7
11
Southern, new.
“
8
Av.Cal. white..
44
11 3
California club.
“
1110
Corn, mix.,West.^cent’l 6 0
s.
30
11
10
11
11
11
11
6
Tues.
d.
6
1
8
7
8
3
10
0
30
11
10
11
11
11
11
52%
52%
97%6
97%«
106%
109%
97%6
43%
101%
51%
35%
Beef, pr. mess, $ tierce. 82
Lard, prime West. $ cwt. 39
Cheese, Am. choice 14 66
0
0
0
Mon.
Tues.
d.
0
0
6
0
s.
60
39
40
82
38
60
9
0
109%
105%
42%
101%
109%
42%
101
5134
34%
Thurs.
d.
6
0
7
6
7
8.
Fri.
d.
s.
30
11
10
11
11
11 2
11 9
5 10%
30 0
10 10
10 6
11 5
11 6
11 1
11 8
5 10
82
38
40
82
38
0
37
0
65
0
64
6
d.
0
0
s.
59
0
0
Fri.
s.
d.
59 0
33 0
40 0
82 0
37 6
64 6
London Petroleum Market.—
PetTeum, ref. $ gal...
Pet’letim, spirits “
..
Sat.
Mon.
Tues.
d.
d.
Wed.
d.
7
'3)
Thurs.
d.
d.
'a>
'a)
....
....
a)
'a)
..
..
..
6%
..
..
'a)
For the week
Prev. reported..
6%
....
■3
<£owMe vcial a u d 1$% is c ellatt cons
Fri.
..
..
..
d.
7z>
3)
..
..
Ttcuis,
foreign ports for the
•
8129——SSttrr..
1877.
$5,724,257
1878.
$6,349,059
261,253,664
1879.
$6,331,833
277,242,462
$7,153,602
330,799,407
327,526,596
Tot. s’ce Jan.
1..$266,977,921 $283,561,521 $333,858,429 $337,953,009
exports of specie from the port
of New York for the week
ending Dec. 13, 1879, and also a
comparison of the total since January 1, 1879, with the corre¬
The
following will show the
sponding totals for several previous
Dec.
10—Str. Clyde
10—Str. Etna
Punta Arenas
Jacmel
Aux
13—Str. Donau
13—Str. San
"
Cayes
London....
Domingo....Cape Haytien
years:
Am.
gold coin..
$381
Mex. silv. coin.
Mex. silv. coin.
Am. silv. coin..
Am. silv.bars..
Mex. silv. dole.
Am. silv. coin..
Mex. silv. coin.
20,000
8.500
10,000
50,000
43,917
31,500
17,991
3,650
Am.
St.
Domingo
gold coin..
Mex. silv. coin.
510
Am. silv. coin..
Mex. silv. coin.
Porto Plata
Samana
4.500
5,600
Am. silv. coin..
Total for the week ($193,018 silver, and $4,031
gold)
500
$197,049
Previously reported ($11,825,827 silv., and $2,070,138 gold).
13,895,965
Tot. since Jan.1,’79 ($12,018,845 silv., and
$2,074,169 gold).$14,093,014
Same time inSame time inSame time in1878
$12,176,242 1874
$57,985,923 1870
$58,224,868
1877
25,540.775 1873
48,556,7 LO 1869
31,227,190
1876
43,134,032 1872
69,564,950 1868
70,109,991
1875
63,386,495 1871
61,532,028 1867
48,564,601
The imports of specie at this port for the
been as follows:
Dec.
8—Str. Bahama
St. Thomas.....
Liverpool
Carthagena
Alvo
...
Liverpool
9—Str. Claribel
Havre
Porto Rico, &c
Hamburg
9—Str. C. of Austin
Crescent City
Nassau
...
Aspinwall
Rhein
Bremen
12—Schr. S. A. Paine
same
periods have
Am. silv. coin..
Am. gold coin..
Gold bars
Bothnia
9—Str. Wieland
...
Carthagena
Am.
For.
Am.
gold
gold
gold
For. gold
For. gold
coin..
coin..
coin..
coin..
coin..
$1,450
S50
691,043
1,700
137
400,150
99,395
48,250
.Am.
Am.
For.
.For.
Am.
silv. coin..
silv. coin..
silv. coin..
Am.
1,350
3,145
3,040
gold coin..
200
650
silv. coin..
4,693
gold coin..
Gold bars
Am. gold coin..
For. gold coin..
Gold bars
.Am. silv. coin..
380
150.000
102,332
326,927
380
Total for the week ($14,058 silver, and
$1,821,514 gold).. ....$1,835,572
Previously reported ($7,661,119 silv., and $73,473,722 gold).81,134,841
Tot. since Jan. 1/79
($7,675,177 silv., and $75,295,236 g’d).$82,970,413
Same time in1878
$18,738,283
1877
14,472,829
1876
21,100,782
1875
12,850,403
Same time in1874
$6,184,422
1873
18.638,756
1872
5,536,061
1871.....
8.582,679
Same time in1870
$11,550,710
1869
14,975,000
1868
7,013,821
1867
3,145,592
The following table shows the receipts and
payments at the
Sub-Treasury in this city, as well as the balances in the same,
for each day of the past week:
Balances.
Receipts.
y
Dec.
Thurs.
d.
0
6
0
0
s.
60
38
40
105%
cotton.
on
Wed.
d.
0
0
6
0
6
0
s.
60
39
40
82
38
66
106
35
Liverpool Provisions Market.—
Sat.
s.
d.
Pork,West.mess..$bbl.60 0
Bacon, long clear, cwt..39 6
Short clear
“
41 0
97%
106
51%
11 0
10 7
11 6
11
7
11
2
11 9
5 11
5 11
19.
96i516
Wed.
8.
d.
30 6
d.
6
0
7
6
7
2
9
8.
18.
52%
Liverpool Cotton Market.—See special report
Liverpool Breadstuff's Market
s.
Dec.
Fri.
Dec.
96151S
105%
42%
102
52
36
Philadelphia* Reading. 36%
Thurs.
to
EXPORTS FROM NEW YORK FOR THE
WEEK.
8—Str. Britannic
The
Sat.
Dec.
13.
specie) from the port of New York
week ending Dec. 16:
1876.
1876.
17,191,526
13,516,000
Result
wheat for the
1877.
14,459,731
1,897,262
[Vou XXIX.
44
13...
15...
44
16...
44
17...
13...
44
44
Total
19...
$
933,360 25
1,308,093 65
891,757 70
1,172,340 14
855,481 68
791,845 93
5,952,879 35
Payments.
Gold.
Currency.
$
$
614,603 41 105,330,990
1,135,476 66 105,687,942
582,980 61 106,040,596
666,720 63 106,644,712
1.096,768 79 106.312,266
730,558 43 106,449,701
$
41
6,348,292 71
71
97
48
42
6,164,957 40
6,121,135 23
6,022.487 43
6,113,646 38
55
6,037,498 69
4,827,108 53
Texas & Pacific.—At a recent meeting in Philadelphia the
stockholders of the Texas & Pacific Railroad
Company author¬
ized the issue of new mortgage bonds for the
purpose of ex¬
tending the road, as heretofore reported in the Chronicle; As
to the details of the matter, the New York Tribune of Decem¬
ber 16 reports:
•4
The terms of a contract for building the new road have been
agreed
to, and the contract itself has been approved
by the railroad company.
It is said by persons interested in the scheme that it has not
been signed
on the part of the
company of capitalists which has agreed to undertake
the work. It is known, however, that the
principal member of the com¬
pany several weeks ago executed the contract subject to the
approval of
the railroad company. Various reasons are
assigned for the delay; by
some it is said to be
owing to the fact that the construction company has
not been organized; others say that the execution of
the contract is
hindered by questions in regard to the right to build
telegraph
lines along
the proposed route.
“
The Texas & Pacific Railroad, which was
organized under an Act of
Imports and Exports for the
Week.—The imports of last
week, compared with those of the
preceding wreek, show
an increase
in both dry goods and
general merchandise.
The total imports were
$10,223,356, against $8,355,188 the pre¬
ceding week and $5,736,754 two weeks
The exports
for-the week ended Dec. 16 amounted previous.
to $7,153,602, against
$8,079,519 last week and $6,020,599 the previous week.' The Congress approved in March, 1871, is now in
operation from Texarkana,
Texas, to Fort Worth, a distance of nearly 250 miles. It has also branches
following are the imports at New York for the week
ending
extending east to Shreveport, La., 40 miles, and from Texarkana
(for dry goods) Dec. 11 and for the week
to
ending (for general Sherman, 155 miles. It is proposed to extend the road from Fortwest
Worth
merchandise) Dec. 12:
west to El Paso, on the Rio Grande, a distance of about
FOREIGN IMPORTS AT NEW YORK
FOR THE WEEK.
Dry Goods
General mdse...
Total week
Prey, reported..
Tot. s’ce Jan.
1876.
$918,459
1877.
$834,072
3,125,595
3,135,623
$4,044,054
$3,969,695
265,673,486
302,797,566
1878.
$1,177,106
6,094,964
$7,272,070
269,650,383
1879.
$1,634,220
8,589,136
$10,223,356
313,893,304
1..$269,717,540 $306,767,261 $276,922,453 $324,116,660
In our report of the
dry goods trade will be found the imports
of dry goods for one week later.
The following is a statement
of the exports (exclusive of
640 miles. Under
the terms of the contract, recently approved
by the railroad company,
a party of capitalists, comprising
Thomas A. Scott, President of the
railroad company, Jay Gould, Russell Sage, George M. Pullman, Charles
F. Woerislioffer and William L. Scott, has undertaken to build
the pro¬
posed road. The construction company, to be organized under the laws
of Connecticut, will have a capital stock of
$1,000,000. It has been
agreed that the company shall receive from the railroad company $20,000 of bonds and $20,000 of stock a mile. It is understood that tho
bonds have been estimated, in this agreement, at 90, and that the stock
is given as a bonus for the completion of the work. It is said that if the
road should be built upon these conditions the
payment in stock would
give to the construction company the absolute control of the road
through its entire length.
* ■
“Tlie work is to be begun next year, and according to the terms of thft
contract the road is to be oompleted to El Paso before
July 1, 1882.”
-
•
December 20,
THE CHRONICLE.
1879.]
651
Closing prices at the N. Y. Board have been
3Pxt fgmtktvs’ <*fejette.
Interest
Periods.
Dec.
13.
Dec.
15.
Dec.
16.
as
follows
Dec.
17.
Dec.
18.
Dec.
19.
NATIONAL BANKS ORGANIZED.
The United States
Comptroller of the Currency furnishes the
following statement of National Banks organized the past week:
Authorized capital,
2,441 —Poland National Bank, Poland, N. Y.
$50,000; paid-in capital, $50,000. William Buck, President; Chas.
S. Millington, Cashier. Authorized to commence business Decem¬
ber 11,1879.
Authorized capital,
2,442—First National Bank of Carthage, N. Y.
$50,000; paid-in capital, $31,000. Gilbert B. Johnson, President;
Ephraim H. Meyers, Cashier. Authorized to commence business
December 12, 1879.
DIVIDENDS.
The following dividends have recently been announced:
Name of
Per
Cent.
Company.
6s, 1880...
6s, 1880...
6s, 1881...
6s, 1881...
5s, 1881...
5s, 1881..
44s, 1891.
44s, 1891.
4s, 1907...
4s,
68,
68,
68,
6s,
When
Books Closed.
(Days inclusive.)
24
$10
Fitchburg
Georgia
Jan.
"$3
.Tan.
$3
Jan.
$2
Housatonio prof, (quar.)
Lake Shore & Mich. So
Jan.
Feb.
24 Jan.
4
.
4
Feb.
34 Jan.
4
5
Jan.
Jan.
34 Jan.
5
Jan.
3
Jan.
3
Jan.
4
Jan.
34 Jan.
Continental National
Metropolitan National
National Citizens’
National Park
Oriental
Tradesmen’s National
IN I seel lane ons.
American Diet. Tel. (quar.)
Wells, Fargo St Co.’s Express
J. *1024 *1024 *1024 *102*4 *102*4 *1024
J. *105*4 *1054 *1054 *105*4 *105*4 *1054
J. *10358 *1034 1034 *103% *103% 104*4
J. 1065a *1064 106% *106% *106% *107
*103
103
*103
Q.-Feb. *103
*1034 103*4
1034 103*4
Q.-Feb. 1034 *103 *103 *103
4-Mar.
*1055a *1054 105% *105%
1054 106*4
*1054 106*4
1024 *1024 1024 102% 1024 1034
1034 1034 1024 1034 1034 104
Q.-Mar. *1054 *1054 *105% *105%
Q.-Jan.
(Ji.-Jan.
J.
J.
J.
J.
J.
&
&
&
&
&
J. *120
*120
J. *120*4 *120*4
J.i *1204 *1204
J. *1214 *121
J. *1214*1214
Range since Jan. 1,1879.
15. Jau. 5 to Jan. 15.
5.
2. Dec. 29 to Feb.
2. Dec. 23 to Jan.
2.
2. Dec. 29 to Feb. 5.
2. Dec. 20 to Jan.
2. Dec. 19 to Jan.
2.
2.
5.
2.
2.
2.
Deo. 19 to Jan.
Dec. 21 to Jan.
1.
5.
Dee. 20 to Jan.
Deo. 18 to Jan.
4.
1.
'120*4 *120*4 *1204
*120*4 *120*4 *1204 k1204
*121
*1204 *121
*120%
*121
*1214
*121
1224
*122
1224
122
1224
Lowest.
6s, 1880-1.. cp.
5s, 1881
cp.
44s, 1891..cp.
4s, 1907
cp.
6s, cur’ncy.reg.
Highest.
1879, and tbe amount
Dec. 1, 1879, were as
Amount Dec. 1,1879.
Coupon.
Registered.
103*4 Aug. 29 1074 June 23 $200,038,150
1014 Aug. 27 1074 Jan. 15 281,491,950
104
Mch. 21 108
May 21 167,321,250
99
Apr. 1 104 Dec. 19 486,350,300
1194 Jan.
4 128
May 31
64,623,512
$72,769,400
226,948,400
82,678,750
251,883,900
3
Closing prices of securities in London for three weeks past and
Jan. 1, 1879, were as follows:
the range since
Dec.
5.
Dec.
12.
Dec.
19.
Range since Jan. 1,1879.
Lowest.
Highest.
O
14 Jan.
15. Jan.
4
15. Jan.
Jan.
8.
1.
*120
The range in prices since January 1,
each class of bonds outstanding
follows:
1.
1.
1.
34
Bowery National
&
&
&
&
This is the price bid; no sale was made at the Board.
3
Southwestern of Ga
Banks.
Bank of America
Bank of New York
J.
J.
J.
J.
of
Railroads.
Belfast & Moosehead Lake
Boston & Lowell
Boston Revere Beach & Lynn....
Metropolitan Elevated (quar.)
Michigan Central
reg.
coup.
reg.
coup.
reg.
coup.
reg.
coup.
reg.
coup.
1907...
cur’cy, 1895..reg.
cur’cy, 1896..reg.
cur’cy, 1897..reg.
cur’cy, 1898..reg.
6s, cur’cy, 1899.. reg.
*
Payable.
......
2 to Jan. 15.
6 to Jan. 15.
FRIDAY, DEC. 19, 1879—5 P. IN.
and Financial Situation.—The week
The Money Market
has been
a quiet one in financial circles, with a dropping tend¬
in prices at the Stock Exchange. There is a general in¬
clination to curtail operations until after the holidays, although
the majority of operators in stocks look for a more active market
in the first half of next year. Taking a number of years to¬
ency
U. 8. 5s of 1381
U. 8. 44s of 1891...
U. 8. 4s of 1907
OO
105
10534 106
July 1C 109% Jan. 4
109*4 1094 1064 Mch. 24 1104 Nov. 12
107
Mch. 26 1074 Nov. 29
x054 101
State and Railroad
Ronds*—The proceedings in Virginia
exceedingly unfavorable to the prospects of
bondholders, and it is now reported that the funds having been
diverted to other purposes there will possibly be a default on the
new 10-40 bonds in January.
A suit is in progress in Louisiana
to enforce the old 5£ mill tax to pay interest on the consolidated
bonds, and the lawyers, as usual, are very hopeful of success.
In South Carolina a disposition is shown to comply with the
decision of the Supreme Court as to the consolidated bonds, and
the latter are consequently firmer.
Railroad bonds are only moderately active, and prices generally
steady, except where they are influenced by speculative opera¬
tions in the bonds or stocks of their respective companies.
The following securities were sold at auction :
are
looked upon as
gether, it will be found the rule rather than the exception that in
December there is a dull stock market, with little support from
outside purchasers.
Reports from the three Vanderbilt railroads have been issued
this week—N. Y. Central & Hudson, the usual annual report for
the fiscal year ending Sept. 30, and Michigan Central and Lake
Shore in brief shape for the year ending Dec. 31, with the
Shares.
Shares.
present month partly estimated. ' The first named was probably
15 Star Fire Ins., with privi¬
less favorable than had been anticipated, as there is a decrease J 50 Mercantile Nat. Bank— 84
lege of subscribing to new
in both the gross and net earnings as compared with 1877-8. 100 N. J. Midland RR
»tor*lr
11 o
24
The other reports are good, and fully show the results of the
30 N. Y* Pro v. * & Boston RR.
50 N. Y. Gaslight Co
814
(Stonington Line)
125
People’s Gaslight Co..... 35
heavy traffic since September 1, which has been done for a good 200
32 N. Y. Gaslight Co
65 Boston & N. Y. Air Line
80
part of the time at rates paying a handsome profit, and war¬
Bonds.
RR., com
7%
ranted semi-annual dividends of 4 per cent on each stock.
4 Howard Fire Ins
1044 $5,000 Ark. State 6s, funded
debt bonds, Nos. 1,632 to
6 U. S. Fire Ins
126
These reports furnish additional evidence that the trunk line
10 Niagara Fire Ins
1,636, inclusive
134
127
railroads must look to improved freight rates for any large
20 Mech. & Trad. Fire Ins... 184
20,000 N. J. So. RR. 7s, in¬
increase in their net profits, as the tonnage moved during the
come bonds, due March 1,
15 Am. Exch. Fire Ins
1014
1882
5 Merchants’ Fire Ins
1264
24
year ending Sept. 30 was very heavy and considerably in excess
175
10 Mechanics’Fire Ins
5,000 St. Joseph & Pac. RR.
of 1877-78, but the rates were so low, notwithstanding the pool
2dmort
58
16 N. Y. Equitable Ins
1624
combination, that the net earnings of both Erie and Central
53 75 Boston & N. Y. Air
40 Lorillard Fire Ins
814
■were less than in the preceding year.
Line RR
7
40 Produce Bank
45
The money market has ruled during most of the week at 5@7
Closing prices of leading State bonds for two weeks past, and
per cent for call loans to stock brokers, while government bond tbe range since Jan. 1, 1879, have been as follows:
dealers have usually been supplied at 4@6 per cent. Prime
commercial paper sells readily at 5§@6 per cent.
Range since Jan. 1,1879.
Dec.
Dec.
States.
The Bank of England statement on Thursday showed a gain
12.
19.
Lowest.
Highest.
for the week of £93,000 in specie, the reserve being 47£ per cent
6
of liabilities, against 47 11-16 the previous week.
464
464 36 July 24 69 Jan.
The discount Louisiana consols
Missouri 6s, ’89 or ’90
'1064
1034 Mch. 5 107% June 10
rate remains at 3 per cent.
The Bank of France gained 7,650,000 North
Feb.
8 28
Dec.
5
Carolina 6s, old
*254 *254 18
francs in specie.
*32
Feb. 13
*314 30 Aug. 20 42
Tennessee 6s, old
The last statement of the New York City Clearing-House Virginia 6s, consol
*75
*75
73% June 20 73% June 20
37
do
do
2d series.
Sept. 25 44 Mch. 28
banks, issued December 13, showed a decrease of $2,103,175 in
*8*5%
794
Jau.
3 884 May 23
District
of
Columbia
3-65s...
*85*4
the excess above 25 per cent of their deposits, the whole of
the
This
is
price
bid;
no
sale
at
the
Board.
was made
such excess being $5,583,500, against $7,686,675 the previous
1200 Standard Cons. Min’g Co. 28
*
Railroad and
week.
The following table shows the changes from the
and a comparison with the two preceding years.
1879.
Differ’nces fr’m
previous week.
1878.
Dec. 14.
previous week
1877.
Dec. 15.
Miscellaneous Slocks.—The stock market
shows a December weakness. There has been nothing of fact
this week to occasion any weakness in the railroad situation, but,
on the contrary, the statements issued by Lake Shore and by
Michigan Central are both favorable, and the dividends of 4 pel*
apparently be.en earned.
In the fancy Southwestern stocks, also, the proposed combina¬
Loans and dis. $275,750,100 Inc .$2,619,000 $238,047,200 $237,504,000
54.069,400 Dec.
701,600
Specie
20,882,900
19,566,800 tions on which several of them have been moving up during the
Circulation
23.463.800 Inc.
208,700
20,141,600
18,676,700
Net deposits
529.100 206,134,400 195,896,400 I past six months, have only just now taken definite shape, and the
247,559,200 Inc.
13,403,900 Deo. 1,269,300
Legal tenders.
40,478,500
37,562,900 public is informed of contracts signed, or almost signed, which
Dec. 13.
f
cent have
..
.
shall extend both the Texas & Pacific and the St. Lonis & San
United States Ronds.—The
has Francisco to the Pacific coast. The Louisville & Nashville Rail¬
been very strong throughout the week, and this seems to be road Company and its officers and friends will control a line from
f ully accounted for by the considerable purchases made by Mobile to Chicago ; the East Tennessee Virginia & Georgia has
investors and the scarcity of any large amount of bonds now
fortified its lease of the Memphis & Charleston, and will prob¬
offering. Savings banks and private capitalists are steady pur¬ ably be consolidated in some shape with the Atlantic Mississippi
chasers of Government bonds, and as the floating supply has & Ohio, making a direct route under one management from Nor¬
been well gathered up since the close of the four per cent loan, folk to Memphis ; the Nashville Chattanooga & St. Louis having
tbe demand must be met by bonds already held by investors, obtained control of the St. Louis and Southeastern north of the
who do not care to sell except for a profit.
The tone of the press Ohio river, expects shortly to have a direct line to St. Louis. All
and popular discussion is against the issue of 3^ per cent bonds,
these arrangements have been recently consummated, and give
but some of the leading bankers here believe that the negotiation promise of much railroad activity in the coming year.
of such a bond would be quite feasible.
It is well known, however, that the temper of the stock
market for governments
652
THE CHRONICLE.
fVoL. XXIX.
market from
day to day does not depend upon the actual situ¬ ings of all railroads from which returns can be obtained. The
affairs, and it may also be added that the pos¬ columns under the heading “Jan. 1 to latest date” furnish the
sible effect of such combinations as those above referred to is gross earnings from Jan. 1
to, and including, the period men¬
usually more than “ discounted ” before they take place, and tioned in the second column.
afterwards there is a reaction in prices. The annual report of N.
-Latest earnings reported.-Jan. 1 to latest date.Y. Central & Hudson Railroad will be found on another page and
Week or Mo.
1879.
1878.
1879.
1878.
Ala.
Gt.
Southern.
October...
it is not very favorable ; if the report were made up to the close
$46,046 $17,202
$
$
Albany & Susq...October
114,959 100,651
of the year 1879, it would probably show much better results.
Atch.Top. & 8. F.lst wk Dec 137,000
81,557 5,859,518 3,691,487
The Government directors’ report of the Union Pacific road rep¬ Atl.&Char. Air-L.October...
88,498
81,455
resents the company as in a high state of prosperity.
The coal Atl. & Gt. West.. .October... 468,939 392,768
201,18! 1,366,315 1,399,324
stocks are weak, as the very large production and mild weather Atlantic Miss. AO. October... 200,308
Bur. C.Rap.&N..2d wk Dec.
37.330
28,429 1,436,696 1,463,676
are against firm prices for anthracite.
the
Burl.&Mo.R.inN.lst
To-day,
market was
wkOct.
93,229
77,773 1,540,498 1,323,869
&
quite weak, and the Gould stocks, St. Louis & San Francisco, Cairo St.Louis.. 1st wk Dec
7,758
4,749
250,230
217,393
Carolina Central.October...
56.490
and
St. Louis & Iron Mountain, were conspicuous in the
53,856
Central Pacific...November. 1,487,000
ation in railroad
...
*
1,537,493 15,840,127 16,174,533
176,552 1,609,303 1,619,226
76,634 5,475,936 4,504,977
Chic. Burl. &Q...October ...1,709,931 1,368,348 12,013,868
11,746,896
Chic. & East. Ill..1st wk Dec
23,067
16,819
830,750
761,854
Chic Mil. & St. P.2d wk Dec. 237,000
177,335 9,432,000 8,097,420
decline.
The
Saturday,
Am.Dist. Tel.
Atl.A Pac. Tel.
Canada South.
Cent, of N. J..
Ches. & Ohio.,
do 1st prf.
do 2d prf.
Chic. & Alton.
Chic. Bur. & Q.
Chic.M.A St.P.
do
pref.
Chic. &N. W..
do
pref.
Chic. R.I.&P.
Chic. St.P.AM.
Clev. C. C. & I.
Col.Chic.A I.C.
Del. & H.Canal
4>el.Lack.& W.
Han. & St. Jo..
pref.
do
Hou8.& Tex.C.
Illinois Cent...
Ind. Cin.& Inf.
Kansas Pacific
Lake Erie&W.
Lake Shore..*.
Louisv.&Nash
Manhattan....
Mar.& C.lst pf.
Monday,
Tuesday,
Dec. 13
Wednes.,
Dec. lo.
Dec. 16.
Dec. 17.
45
72
83
44
44
44% 44%
69% 71
81% 82%
18% 18%
46
N.Y.L.E.&W.
do
pref.
Northern Pac.
do
pref.
18% 18%
pref.
1st prf.
St.P.&Sioux C.
do
pref.
Sutro Tunnel.
Union Pacific..
Wab.St. L.& P.
17%
26
20
*99
126
26
24
100
....
■
81 '
20%
78$
si
83
22%
78"
19% 22%
83
76
73
88% 85]
34% 35*4
65 %
•
72%
80%
32%
81% 84
32% 34%
62% 64%
63
*47
49
4y
^ 8*
89% 89%
104$ 105
88$ 887%
*98%
22%
105
41% 43
69% 70%
32
33%
58
59%
29%
% 36%
19
41%
46%. 47%
103%
87% 88
95%
96%
95"
22
31
32%
59
9
23
31
32
101% 101% 100% 101
£8
131%
77
35
132
76
76}
32% S3
*161
+6?%
42
'
8*
46
75 "
73
69%
18
42
169
68%
42"
43
46
aiooc ai c
1 Sales
were
div. at 84.
ouu
45
39% 41%
47
48%
3%
were
as
85
mjoucu
99%
Canada Southern....
Central of N. J
Chicago & Alton
Chic. Burl.& Quincy.
Chic. Mil. & St. r....
do
do pref.
Chicago & Northw...
pref.
Chic. Rock Isl.& Pac.
Chic. St. P.& Minn.*.
Clev. Col. Cin. & Ind.
Col. Chic.& Ind. Cent
Del. & Hudson Can&l
Del. Lack. & Western
Hannibal & St. Jo
do
do pref.
Illinois Central
Kansas Pacific
Lake Shore
Louisville & Nashv..
...
17
32%
58
27%
34%
67%
«
uu
•
•
149
125
126
72%
98%
87%
104
149
45% 46% 45*
*78
20
45”
75
79%
77
20%
19% 20%
73% 74% 73
73%
80% 81% 80% 81%
33% 33% 30
33%
63% 63% 61% 63%
98%
89%
21
48
07
....
•
•
•
olv W
3
20% 20%
102% 102 103
80
87% 85
58% 55% 56%
93%
22%
9
9
91$
93%
22%
32%
21
28
100
73
33
32%
17
17
44
40
49
38
45
18* 18*
If*
08
47%
38%
64%
66
35
36
73
44
46%
41%
....
45% 46%
35
72%
4
3%
3%
85% 86 *85
41% 42% 41%
65% 06% 65%
104% 105% 104
....
98%
100%
101
75
76%
35
33
33
34%
129% 127% 128% 127% 127%
42% 41% 41% 40% 41%
09% *69
70
65% 69
33
30% 30% 29% 31
59
57
58
53% 56%
28% 27% 28
26% 27%
36% 34
35
32% 34%
109% *162 109
*161 169
08% 67% 67% 67
67%
45
39%
98
2H
3
....
•
IllttUu
45%
59$ 64%
72%
3%
3.220
91,000
Lowest.
80
105
diu
Highest.
45% Jan.
33% Jan.
3
78*2 Nov. 12
2 89 7e Nov. 15
705
75
Mch. 3 100*4 Nov. 17
4,299 111*8 Jan.
7 129
Dec. 17
84,450
3438 Jan.
4 82*8 Nov. 13
1,011
4 102% Nov. 13
743* Jan.
40,575
49% Jan.
3 94*2 Nov. 12
1,217
76% Jan.
3 108
Nov. 12
012 119
Jan.
8 149% Dec. 17
808
21
May
5 56
Nov. 15
3,274
34% Jan.
2
85% Nov. 13
5
46,582
Jan.
4
28
Nov. 18
*
38
21,426
Jan.
2 89*8 Nov. 12
159,070 43 Jan.
2 94
Nov. 12
12,010
13*4 Jan.
4 41*2 Nov. 12
34
8,400
Jan. 10 70*8 Nov. 15
1,955 79*4 Mch. 26 100% Nov. 18
1,518
76,207
6,850
26,770
9*8 Jan. 21
67
35
....
Range here given is from May 5.
1116
-tSOctFll,
ex
to
date,
Whole year
1878.
Low.
Dubuoue&S.City.lst wk Dec
20,710
...
Pennsylvania
..
...
102,758
766,682
21%
72 3g
4
87
3
12%
28 5578 71%
10 35
39 ”
28
53*2 75
19
2
7%
11 6738 89
28 103% 115
15
7% 22*2
15 21*2 38
21
21
15
6% 11*4
1
12*2 2378
9 112
131
15
5
15%
15
1*2
4*8
15
1*2
5*4
15
5*2 11%
17
5
3*2
20 61*4 73
11
75*4 102
34,488
30,931
173,564
73,407
8,444,366 8,326,265
4,178,632 4,206,983
41,440 1,828,147 1,949,763
300,608 2,714,830 2,432,992
491,147 5,034,491 5,095,342
127,755 1,334,557 1.420,231
24,154
60,139 1,609,775 1,463,505
95,760
591,370 5,308,464 4,849,257
184,661
14,879 *
10,830
510,482
131,818 4,817,898
27,100 1,551,247
15,651
25,223
28,983
44,429
18,289
1,084,324
115,999
468,452
4,177,944
1,160,331
587,877
651,127
1,060,349
1,179,510
1,029,612
232,707
535,305
1,194,536
4,641,492
4,663,558
261,192
511,730
; Charleston, easy, 3@5-16 discount, £ discount @ par ;
Orleans, commercial 500 discount, bank 150 discount; St.
Louis, 150 discount; Chicago, weak, 100 discount; Boston—10
@25c. discount.
Quotations for foreign exchange are as follows :
December 19.
60
Paris (francs)
61%
1678
41%
3,221
140,662
New
84%
55*4
79*2
41
10
875,949
ing £ off
547s
2*8
3438
798,082
drawers have again advanced their rates.
There is rather more
demand at this time for short-sight bills, and exports of
produce
are still checked by high ]> ices.
On actual business the rates
are about 4.81£ for CO
days sterling, and 4.84£ for demand.
Cable transfers are 4.84L
In domestic bills the following were the rates on New York at
the undermentioned cities to-day :
Savannah—buying f off, sell¬
99*4 '114%
38*4
63s
59 7s
19,351
97,724
Exchange.—Foreign bills have been firmer, and leading
27 *2
64
23
893,003
356,129
.October ...3,518,144 3,215,419 28,034,356 26,035,337
352,695 2,514,584 2,378,585
1,408,674 12,377,393 10,249,092
302,446 2,874,698 2,604,804
Phila. & Erie
October... 323,803
Phila. & Reading.October ...1,542,911
Pitts, Cin. & St. L.October... 424,982
Rennssal’r & Sar.October
203,919
St.L.A.&T.H
2d wk Dec.
23,873
do
(brs).lst wk Dec
13,590
St.L. Iron Mt.&S. 1st wk Dec 181,337
St. L. & San Fran. 2d wk Dec.
57,300
St.L.&S.E.—St.L..3d wk Nov.
14,319
St. Paul & S.City. 1st wk Dec
29,411
Scioto Valley
October...
30,250
Southern Minn...October...
89,957
Tol.Peoria&War .2d wk Dec.
22,390
Union Paciflo
November.1,241,989
Wabash
.....4thwkNov 123,030
Prime bankers’ sterling bills on London.
Good bankers’ and prime commercial...
Good commercial
32*2
59%
983s 122
1,11L373
372,323
Int. & Gt. North.. 1st wk Dec
55,192
Louisv.Cin.& Lex.October
106,727
Louisv. & Nashv..November- 689,500
Minn.& St. Louis.November.
49,968
29,401
Mobile &Montg.. October...
56,958
71,649
545,506
509,239
Mo. Kans. & Tex. .1st wk Dec
90,771
60,023 3,054,116 2,800,555
Mobile &Ohio....2d wk Dec.
74,650
81,944 1,962,683 1,774,590
Nashv. Ch.&St.L. October... 169,958
137,104 1,440,979 1,325,136
N. Y.&Canada...October...
50,940
41,176
N.Y.L. Erie&W..Sept
.*.1,492,797 1,338,271 11,881,344 11,073,556
Northern Pacific.November.
202,465
103,741
Pad.&Elizabetht. November.
41,767
27,737
299,915
294,890
Pad. & Memphis. .3d wk Nov.
5,265
4,437
140,012
162,557
38 I 45*2
13*2 45*4
66% 85
earnings and the totals from Jan. 1 to latest
given below. The statement includes the gross earni
7,708
|High.
t Range from July 30.
The latest railroad
25,519
8,389
105,449
139,077
36
73%
8% 4%
k83% 84
42% 38% 41%
06% 62% 65%
....
W d/o
30,966
*
113,898
Frank.&Kokomo.October...
3,943
Gal. Har. & S. An.October... 140,627
Grand Trunk. Wk.end. Dec. 6 190,381
Gr’t Western. Wk.end. Dee. 5
95,155
Hannibal & St. Jo.2d wk Dec.
45,479
Houst.&Tex.C...3 wksNov. 321,181
Illinois Cen. (Ill.).. November. 474,990
do
(Iowa)..November. 135,311
Indiana Bl.&W.. 3d wk Nov.
24,244
99% 99%
128
71% 73
71%
98% 98% 06%
86% 87% 86%
103
103% 104
92*2 Dec.
Jan.
6 108
Nov.
Feb. 13
89*2 Dec.
Michigan Central....
73% Jan.
2 98
Nov.
Missouri Kan. & Tex. 126,985
53s Jan.
4 35% Nov.
Morris & Essex
5,420 75*8 Jan.
3 104% DecN. Y. Cent. & Hud.R.
3,123 112
Mch. 24 139
Nov.
N.Y. Lake E.&West 329,977
21*8 Jan.
4 49
Nov.
do pref
6.220 37% Jan.
2 78*6 Nov.
Northern Pacific t...
16
6,551
Aug. 9 40% Oct.
do
9,894
pref.t
44*4 Aug. 30 65
Oct,
Ohio & Mississippi...
35,435
7% Jan.
4 333s Nov.
Pacific Mail
40,875
1038 Jan. 13 39*2 Nov.
Panama
123
Jan.
2 182
Oct.
St. L. I. Mt. & South.
10*,935 13 Jan. 2 56 .Nov.
St. L. & S. Francisco,
12,307
3*8 Jan.
8
53
Nov.
do
pref.
18,809
4*8 Jan. 21 60% Nov.
do
1st pref.
5.674
9% Jan. 23 78*2 Nov.
Sutro Tunnel
9,622
23s Jan. 16
6*4 Nov.
Union Pacific
6.675
57*2 Jan. 31 95
Oct.
Western Union Tel..
96,983
8858 Aug. 4 116 June
are
99%
*120
Range since Jan. 1,1879.
Shares.
dates
17
Chic. St. P. & Min.2d wk Dec.
Clev. Mt. Y. & D. .1st wk Dec
Del.& H.Can.Pa.Div. Oct
Denv.S.P’k& Pac. November.
Flint & Pere Mar.November.
prices for 1878 and from Jan. 1, 1879,
Week.
A
18
leading srocks for the week ending Thursday,
follows:
do
18
ex
Sales of
do
44% §43% 44
68% 65% 67}
78% 81
77% 79}
08
di\. at 88® 88%. ♦ A sale was also
made
were also made ex div. at 40®42%.
§ Sales
Total sales of
and the range in
41%
69
68
72” 72"
73
wiu
also made
34
128
43
40
46%
43
50
67
•
*100
67
4
3%
4
86
86% 85
42% 43% 41% 43
do
pref. 67% 69
66% 67% 65% 66%
West. Un. Tel. 105?4 107% 104
106% 103% 105%
bb
.
•
67% 69%
•
21%
75%
82%
34%
64%
44
93% 95% 92%
22% 23
22^6
32% 33% 31%
101% 101% 100
76% 76% 75
41% 42%
69% 67%
32% 31%
58% 57%. 57%
29
27% 28%
35% 33% 35%
68
32
58
28
34
*161
43% 45
50% 52%
70
71%
75 “
.
88%
61% 61% 60% 61
Friday.
Dec. 19.
....
88
20
88
•
.
Thursd’y,
63%
*48
*48%
98% 98% 98
m
3%
2%
89%
21
21% 21
103% 104% 102%
87% 88% 80
59
59% 55%
99%
2%
99%
2%
2
88
22
104
88
20
74
81
34
183,325
Chicago & Alton. 2d wk Dec.r 137,109
follows:
as
Dec. 18.
l66" 100 ‘
09% 99% 99%
125
128}. 128 129
127%
71% 73% 71% 73
72% 73%
98% 99
98% 98% 98%
92
x87% 88%
87% S8%
105% 105% 105% 105% 102%
103% 103%
149% 149% *.... 149% *
149% 149%
45
45
40
44% 46 *45
St.L.A.&T.H. *17
do
pref 41%
do
do
70%
80%
99
Ohio & Miss..
Pacific Mail....
Panama
*161 169
Phil. & Read’g 69% 70%
St.L. I. M.& 80.
St.L. & S.Fran.
45%
71% 72
81
83%
17
17%
72*4
84%
do
2d prf.
Mich. Central.. 95% 90%
Mobile AOhio. 22
23%
Mo. Kans. & T.
33%
Mor.& Essex.. 101% 102
Nash.Ch.&St L 75
77%
New Cent.Coal 35
36
N.Y.C.&H. R. 133
133
a
Ches. & Ohio.. ..October...
daily highest and lowest prices have been
days.
Demand.
Documentary commercial
4.81^34.82
®4.81%
4.80*4®4.80%
4.7934®4.8014
4.84*2®4.85
34.84*2
34.83*2
4.82*2®4.83
Antwerp (francs)
5.23 34 ©5.2178
5.25
35.22*2
5.21*435.1938
5.217835.20
5.206835.193s
Swiss (francs)
Amsterdam (guilders)
4.81
5.23*8®5.2178
39 %®
Hamburg (reichmarks)
-
Frankfort (reichmarks)
Bremen (reichmarks)
Berlin (reichmarks)
The
following
Sovereigns
Napoleons
are quotations
$4 83 3$4 86
3 83 3 3 85
X X Reichmarks.
X Guilders
4 73
3 92
4
4
315
315
3 1
3
3
Span’h Doubloons. 15 55
..
00
75
English silver
78
“
8..
15..
“
22..
“
29..
Oct.
6..
“
13..
“
20..
“
27..
Nov. 3.
“
10..
“
17..
“
»
04
Dec.
“
“
*
1.”
8..
15..
3
95*8®
95*8®
95*8®
95*8®
40*8
953i
953i
953s
9538
coins:
—
—
—
—
99*2® —par.
996s® —par.
92
3— 95
90*2®
—
91*2
4 70 3 4 78
Prus. silv. thalers.
66 3 - 69
Trade dollars.....
99 3 — 99*2
New silver dollars
99%® par.
....
—
—
—
are
the totals
of the Boston
series of weeks past:
Loans.
$
Sept. 1..
40
3978
94%
94%
94%
945s
Dimes & *2 dimes.
Silver *48 and *28.
Five francs
Mexican dollars..
following
a
943s®
9438®
9438®
9438®
in gold for various
Mex. Doubloons.. 15 55
60
Fine silver bars
113
14*4
Fine gold bars
par. 3 *4prem.
Boston Hanks.—The
banks for
4.84
4.83
Specie.
$
129.447.200
127,747,900
127.793.200
126,748,000
3.581.200
8.304.200
3,347,000
8.207.100
126.027,300
3.271.400
120.225.100
120.903.100
128,015.000
130,491,300
132,050,100
3,202,900
3.251.100
8.254.200
3,240,300
133.491.100
132.427.100
131.932.200
131,484.000
131,040.000
130.931,700
L. Tenders. Deposits.* Circulation, Agg.Clear.
t
4.375.200
4,182,000
4.180.900
4,034,000
4,379,300
4,838,000
42,945,000
43,340,700
43.853.300
43.004.300
20,981,400
27,117,800
27,197,500
27,370,900
27.545.100
27,830,200
3,215.000
3.245.400
3.300.800
3.347.200
3.572.800
3,082,000
3,540,700
44,524,800
45.828.300
47,210.000
48,003,400
48.907.100
49.152.400
51.108.100
51.724.400
50.709.100
3.594.900
3;474.900
50.085.200
50,802,500 !
4,329,000
27,973.000
28.140.300
28,372,700
28.557.300
29,041.000
29.311.100
29.554.300
29.805.300
30.289.000
3,014,800
50.137.300
30,007,100
4.931.500
4.582.900
4.528.800
4.480.500
4.370.200
3.892.800
Other than Government and banks, less Clearing-House checks.
44,012,556
47,305,806
44.932.820
48,392.118
45,500.850
57,139,771
55,617,716
04,281,244
00,499,802
65.241,373
09,300,177
71,786,586
76,365.582
50,107,558
69.074,935
65.753.821
THE CHRONICLE.
Uiscembeb 20, 1879.1
New York City Banks.—The following statement shows the
condition of the Associated Banks of New York City for the week
ending at the commencement of business on Dec. 13, 1879:
Average amount of
Banks.
Capital. Loans and
Specie.
discounts.
S
$
$
2,000,000 10,850,000
Manhattan Co..
6,166,000
2,050,000
7,105,300
Merchants
2,000,000
Mechanics’
7,397,000
2,000,000
Union
4.211.800
1,200,000
8.242.500
America
8,000,000
Phoenix
3,012,000
1,000,000
7,088,400
City
1,000,000
2.913.200
Tradesmen’s
1,000,000
Fulton
1.637.800
600,000
Chemical
300,000 11.768.300
Merch’nts’ Exch. 1,000,000
3.545.200
Gallatin Nation’l 1,000,000
8.538.400
1,236,900
Butchera’&Drov.
300,000
Mechanics’ & Tr.
857,000
300,000
853.100
Greenwich
200,000
Leather Man’f’rs
2.755.500
600,000
Seventh Ward...
958,000
300,000
State of N. York.
3,153.000
800,000
American Exch.. 5,000,000 12,115,000
Commerce
5,000,000 14,469.200
4.903.200
1,000,000
Broadway
3.291.800
.Mercantile
1,000,000
Pacific
1.826.400
422,700
4.969.300
Republic
1,500,000
Chatham
3.353.100
450,000
1.432.400
People’s
412,500
North America..
1.940.400
700,000
Hanover
6,876,700
1,000,000
2.664.300
Irving
500,000
Metropolitan.... 3,000,000 12,805,000
Citizens’
1.776.100
600,000
Nassau
2.080.500
1,000,000
Market
2.453.500
500,000
St. Nicholas
2.318.600
500,000
Shoe & Leather..
3.498.000
500,000
Corn Exchange.. 1,000,000
3,780.000
Continental
5.488.800
1,000,000
Oriental
1,491,000
300,000
Marine
3.232.000
400,000
Importers’ & Tr.. 1,500,000 17.611.700
Park
2,000,000 13.546.800
Mech. Bkg. Ass’n
500,000
796,000
New York
,
Grocers’..;
North River
East River
Manuf’rs* Mer..
Fourth National.
Central Nat
Second Nation’l.
Ninth National..
First National..
Third National..
N. Y. Nat. Exch..
Bowery National
N. York County..
Total
225,000
695.500
240,000
250,000
100,000
3,200,000
2,000,000
300,000
750,000
500,000
1,000,000
300,000
250,000
826,000
,
Germ’n Americ’n
Chase National..
200,000
750,000
300,000
Net dept’s
Circula¬
Legal
other
Tenders. than U. S.
tion.
871,000
192,300
16.252.300
8,471,000
2,242,000
4.081,400
10.930.800
6.996.600
1.197.600
1.340.200
1.138.100
2.045.400
2.460.700
$
199.800
273.000
161,200
2.512.500
522.800
1.918.500
1.315.000
1.270.500
980.300
245,000
153,200
395.500
544.000
281,000
3,712,400
406.300
235.100
3,588,900
481.300
378.900
221,600
43,000
19,300
424.100
198.100
489.500
2,115.000
2.257.200
690,000
460.700
170.800
733.000
765.700
69,700
228,000
1.494.200
428.300
3,097,000
299,400
367.900
310.000
69,100
701,000
324.200
1.247.800
21.400
41,000
63,200
152.300
397.600
234.400
171,000
92.900
196,000
191.900
85.900
57.500
168,100
192,000
789.500
242.100
279.700
388.100
122.900
173,000
108.900
72,000
291.400
191,000
144,000
180.600
61.300
106.500
456.500
177.500
„
41,000
216.700
255.800
807.000
143.000
3.703.200
3.888.800
1.244,800
150.500
60,500
48,000
91.810
5,000
17.900
240.500
$
10.770.800
4,233,000
6,407,000
6,209,000
357,000
7.208.100
23.000
83.300
268,000
818.300
1.015,000
12.400
420,600
435.800
309,800
65.700
205.500
1.185.700
2,086,800
2.362.900
57.900
3.106.600
1,437,000
295.000
701.300
2.049.600
1.600.600
120.200
569,000
44,500
134,000
1,100
368,000
3.771.200
821,100
620.000
304.000
201.300
160.800
81.500
400
5.617.200
2,808,000
8.796.500
1.831.600
793,100
1.185.600
12.291.900
2.708.400
675,600
531.000
1.936.300
987,200
259,400
198.000
846,000
743.300
2,700
473.900
2.008.300
925,500
36,600
630.000
2.407.600
8,188,000
450,000
8.522.100 1,470,400
900.000
3.543.700
2.998.300
178,300
1.797.700
3,008,000 1,071,600
3.339.600
403,000
1.317.500
5,400
1.893.400
6.664.800
800,000
2.406.800
432.100
10,729,000 2,236,000
1.799.100
269.400
3.900
2,040,000
446.600
1.863.700
2.010,800
450,000
8.432.000
450,000
4.600
2,238,000
5.693.800
769,200
1.300.100
3.513.000
356.000
19.tll,4co 1,102.400
16,024.400
536,000
627.800
333,800
674.900
705.900
643.300
266.800
15.501,000
7.938.000
2,300,000'
3.592.100
10,713.500
70.700
100.100
495,000
224,300
810,'ooo
1,490,000
269,000
59^400
450,000
798,000
269,100
225,000
180,000
270,000
60,800.200 275.750,100 54.069,400 13,403.900 247.559.200 23.463.800
The deviations from returns of previous week are as follows
Loans and discounts
Specie
Legal tenders
Inc.. 12,649,000 | Net deposits
Dec.
701,600 I Circulation
Dec. 1,269,3001
Inc..
:
$529,100
208,*700
.Inc..
Apr. 19..
Apr. 26..
May 3..
May 10..
May 17..
May 24.,
May 81..
June 7..
June 14..
June 21..
June 28..
July 19.
July 26..
Auff. 2..
9.
Aug. 16.
Aug.
Aug.
Sept.
Sept.
Sept.
Sept.
Specie.
231.151.300
231,096,900
239.357.800
242.941.600
253.838.500
257.636.500
257.272.800
258.332.700
256,291,000
255.901.600
257,082,500
262.951.900
262.719.800
260.582.600
267.280.100
272,936,000
274,311,000
263.570.100
258.160.300
257.386.800
18.875.600
18,228,100
18.516.200
18.745.600
18.763.900
18.802.400
18.785.400
18.996.700
18.780.900
19.296.900
19.666.400
19.889.600
19,971,500
20,011,700
19.927.600
19.652.400
19.624.100
19.553.200
19.631.100
19.684.700
19.753.800
256.960.400
19.876.900
259,391,000
260.763.700
266.364.300
268.701.800
267.505.500
269.433.300
271.238.600
270.076,800
268.538.800
276.194.400
273.439.900
273.101.100
275.750.100
19,942,000
20,017.400
20.149.100
253.575.500
July 5..
July 12.,
Aug.
Loans.
$
23.
30..
6..
13..
20.
27..
Oct.
4..
Oct. 11..
Oct. 18..
Oct. 25..
Nov. 1..
Nov. 8..
Nov. 15..
Nov. 22..
Nov. 29..
Dec. 6...
Dec. 13..
L. Tenders.
Deposits. Circulation. Agg. Clear
$
200,255,000 19.721.200
204.514.200 19.707.600
214.331.700 19.683.100
224.937.200 19,688,000
230.424.700 19.685.400
227.345.600 19.856.600
225,754,000 19.869.400
226.963.300 19.977.800
227.316.700 20,056,800
226,177,000 20.156.200
226.113.600 20.371.300
236,007,300 20.542.900
241,328,800 20.509.900
240.154.300 20.531.600
243,383,000 20.549.500
254.770.700 20.594.800
253.230.200 20.682.100
248.474.600 20.719.500
235.953.900 20.827.500
228,817,400 20.942.500
226.635.600 21.372.300
225.572.900 21.603.500
228,271,000 21.384.900
229,983,000 21.531.900
231.920.700 21.932.400
232.780.500 22,080,100
232.805.300 22.286.800
231.668.000 22.448.700
234,412,000 22.600.500
231.927.700 22.341.500
239.201.200 22.475.700
250.297.300 22.550.400
247.195.500 23,024,800
247,030,100 23,255,100
247.559.200 23,463,800
$
22.566.300
40.672.100
45.224.500
49.440.500
53.576.700
49.150.900
43.284.900
♦1,791,400
42.822.800
44.851.900
43,859,400
46.902.600
49.544.600
51.301.900
50.508.900
54.288.100
57.655.100
50.435.500
43,974,000
41.838.600
41,279,300
40,088,900
39.481.100
42,029,400
40,047.700
38,093.500
36.438.500
33,097,700
30.151.700
28.615.900
23.486.900
22.595.800
18.985.200
16.771.700
14.673.200
<58,383,600
27.682.600
29.675.300
33.823.800
42.992.800
50,006,700
52.310.700
54,771,000
54,069,400 13.403.900
487,843,450
503,108,030
546,798,625
591,290,770
598.236.201
529,996,936
439,750,395
472,828,088
450,084,041
456,961,901
432,735,690
432.526,468
391,835,789
481,691,657
494,794,747
491.715.201
560,036,583
605,012,052
482,688,369
476,563,861
452,345,265
507.109,348
530.921,366
591.859.560
747,278.535
741,448,440
798,960,746
761.277.728
865,862,857
772,150,134
870,092,059
942,922.768
779.955.847
850.846.848
722,603,389
QUOTATIONS IN BOSTON. PHILADELPHIA AND OTHER CITIES.
8K0UBITIX S.
Bid. Ask.
BOSTON.
Atch. & Tcpekalst m.7s...
11S* 113
do
land grant 7s 112$» 113
119
do
2d 7s
110*
do
land inc. 8s..
boston as
Albany 7s
do
6s
Boston * Lowell 7s
Boston & Lowell 6s
Boston & Maine 7s
Boston * Providence 7»
Burl. & Mo., land grant 7s....
do
Nebr. 6s [Ex
do
Nebr. 6s
Conn. * Passumpslc, 7s, 1897.
Eastern,Mass.,4*e, new. ...
Fitchburg KB., 6s
doi
7s.
Fort Scott & Gulf 7s
&
Hartford
Erie 7s
Ean.
City Top. & WM 7s, 1st
do
do
Bid. Ask.
10d*
93
*8“
*81*
Fitchburg
Norwich A Worcester
Ogdensb. A L. Champlain ...
do
pref..
...
i bo*
49*
49*
83
•
*
*
»
•
•
•
•
•
•
•
24
07
....
107* 107*
Old Colony..... ......
Portland Saco A Portsmouth
104
Pulluna i Palace Car
Pueblo * Arkansas
76
*28
Rutland, preferred...........
Vermont A Massachusetts..
Worcester* Nashua
110
57
STATE AND
Penna. 5s,
68,10-15, reg.,1374- 82.
Philadelphia, 5s reg
do
6s, old, reg
do 6b,n., rg., prior to ’9?
do 6s,n.,rg.,1395* over 119
93
15
33
53
Leh'gh Valley....
Little Schuylkill
52
56
53
102
51
53*
50*
ii'9
17
59
70
11
35
37*
117
100
Maryland
Central Ohio
Par.
100 148* 149*
50
50
50
Connell8vllle..50
CINCINNATI.
«....+
do
do
do
do
Hamilton
...
HO*
..
114*
Connecting 6s, 1900-1904
Chartlers Val., 1st m. 7s, C., 1901
Delaware mort., 6s, various..
Del. & Bound Br., 1st, 7s, 1905
East Penn. iBt mort. 7s, ’88 ..
El.* W’msport, 1st m., 7s, ’SO.
do
5s,perp.... ....
Harrisburg 1st mor*.6s, ’83...
H. & B. T. 1st m. 7s, gold, ’90.: —
110
do
2d m. 7s, gold, ’95.'107
do
Sdm.cons. 7s, f95*.i....
Ithaca* Athens 1st g d, 7s.,’90
Junction 1st mort. 63, ’82. .
do
2d mort. 6s, 1900
Lehigh Valley, 1st,6s, cp., 1898
do
do reg., 1898... 115
do 21 m. 7s, reg., 1910.. 123*
do
con. m., 6s,rg.,1928 109* 110
109
do
do
6s,op.,19^3
117
44
scrip..
Pa.&N.Y.C.& RR. 78,1896....
Pennsylv., 1st m., 6s, cp., ’80..
...
44*
104* 104*
do
gen. m, 68, cp., 1910
do
gen. m. 6s, rg., 1910.
do
cons.m. 6?, rg., 1905.
do
cons. m. 6s. cp., 1905.
do
Navy Yard 6s, rg,’81
Penn. Co 6s. reg
91
Perklomen 1st m. 6s,coup.,’91
Phila. * Erie 1st m.6s, cp.,’8l 103
do
2d m. 78, cp.,’88. 112
,
104
Phila. * Read. 1st m.6s, ’4S-’44
do
do
’48-.4L
do
2d m., 7s, cp., 92 115
do
deben., cp.,’93’
do
do
cps. off.
89*
do
scrip, 1882
do
In. m.7s, cp,1896
112
do cons. m. 7s, cp..l9l!..
do cons. m. 7s, rg.,19il.. 112
7s
7’30s
South. RR.
‘8
31*
e*
82*
38
5
30*
102* 103
106
105
112
107
110
114
108
110
107 110
106* 107*
107* 108
114
1.6
104
107
114 116
SO
90
108
112
114 rile
104* 105
71
71*
37
37*
110
f
do
Dayton* West, lstm.,’81...+
do
1st m., 1905.+
do
1st m. 68,190.)
Ind. Cln. * Laf. 1st m. 7s
do
(I.&C.) lstm.7s,’88+
Little Miami 6s,’83.
+
Cln. Ham. * Dayton stock..
Columbus * Xenia stock....
.
103
115
115
115*
104*
105
102
103
110
120
1L0
102
82
100*
83
.104
00
104
95
101* 102*
102
100*
+95
80
104
100
60
118
101
62
47* 50
Dayton & Michigan stock...
do
8. p.c. st’k, guar 115
Little Miami stock
114* 115
LOUISVILLE.
Louisville 7s
\
103
102
6s,’82 to ’87
+ 102
6s,’97 to ’98
water 6s,’87 to ’89 + 102
water stock 6s,*97.+ 102
do
do
wharf 6s
+
do
spec’l tax«s of ’89.+
Louisville Water 6a, Co. 1907 +
Jeff. M.*I.lstm. (I&M) 7b,’81+
do
2d m., 7s
1
do
lstm., 7s, 1906....+
Loulsv.C.&Lex.lst m.7s,’97+
Louis.* Fr’k.,Louisv. In,6s,*8!
LouIbv. & Nashville—
Leb. Br. 6s, ’86
+
1st m. Leb. Br. Ex.,7s,*80-85.+
Lou.In.
do
6s,’93...+
Jefferson Mad. * Ind. stock.
ST.
90
SS
105
t 107
7*308.f
6s, gold.f
Co., O., 6s. long., .t
ao
7s, 1 to 5 yrs..+
do
7 & 7*30s, long.f
Cln.* Cov. Bridge st’k, pref.
Cin. Ham. & D. 1st m. 7s, ’80 +
do
2dm. 7b, ’85+
Cin. Ham. & Ind., 7s, guar....
+
Cln. & Indiana 1st m. 7s
do
2d m. 7s, ’17..+
Colum. * Xenia, 1st m. 7s. ’90
Dayton & Mich. 1st m. 7s. ’81+
do
2dm.7s,’84.+
do
3d m. 7s, ’88+
do
do
do
rittsb. Titusv. & B., 7s, cp.,’96
114
108
BONDS.
Balt. * Ohio 6s, 1880, J.&J..
do
6s, 1885, A.&O. .
N. W. Va. 3d m.,guar.,’85,J*J
Pittsb.* Connellsv.7s,’98,J*J
Northern Central 6s.’85. J&J
do
6s, 1900, A.&O.
do 6s, gld, 1900, J.&J.
Cen. Ohio 6s, lstm.,’90,M.& 8.
W. Md. 6s, 1st m., gr.,’90,J.&J.
Cincinnati 6s, long
2dm.78,cp.,’96. 116
no
106
109
106
109
106
no* 111
112
no
115
110
118
115
110
116
111
116
107* 108
118
120
113
107
Wash. Branch.100 150
4
Parkersb’g Br. .50
do
do
do
109
i:o
do
1st m.,i8SK),J.&J...
do
2d m.,guar., J.* J....
do
2d m.,pref
do 2d m.,gr. by W.Co.J&J
do 6s, 3d m.. guar., J.* J.
Mar. & Cln. 7s, ’92, F. & A ...
do
2d, M. * N
do
8s, 3d, J.&J
Union RR. 1st, guar., J. & J..
do
Canion endorsed, no
RAILROAD BONDS
Little Schuylkill, 1st m. 7s,’32
North. Penn. 1st m. 6s, cp.,’85.
107
108
107
100
Istprif
2d prtf
do
Pittsburg &
pref..
In default. $ Per share.
§ Cou. to Jan., ’77. funded.
railroad stocks.
Balt.* Ohio
RAILROAD
37
Allegheny Val.,7 3-10s, 1896...
do
is, E. ext., 1910
do
inc. 7s, end., ’94.
Belvidere Dela. 1st m., 6s,1902.
do
2d m. 68.’8>..
do
3dm. 6s, *7..
Camden &Amboy 6s,coup,’83
do
6s,coup.,’89
mort. 6s, ’89
do
Cam. & Atl. 1st m. 7s,g..l;9S
Cam. * Burlington Co. 6s,'97.
Catawissalst.Ts, conv., V2...
do
chat, m., 108,’88
do
new 7s 1900
6s,exempt,’9S.M.&S,
6s, 1900, Q—J
6s,1902, J.& J
5s, I9i6, new
Norfolk water, 8a
Western
10%
Susquehanna
*
do
do
do
do
Northern Central
Morris
do
pref
i20
52*
27*
do
6s, exempt, 1S87
do
6s, 1890, quarterly..
do
5s, quarterly
Baltimore 6s, lSSL quart
do
6s, 1886, J.& J...
do
6s, 1890, quarterly...
do
6s, park, 1890, Q.—M.
do
6b, 1893, M.* S
51*
50*
17*
33*
do
do
pref.
United N. J. Companies
West Chester consol, pref....
West Jersey
Chesapeake & Delaware
Delaware Division
Lehigh Navigation
105
101
Maryland 6s, defense, J.& J...
pref.
Pennsylvania
Philadelphia* Erie
Philadelphia & Reading
Philadelphia & Trenton
Phlla.Wnming. & Baltimore.
Pittsburg Titusv. & Buff
St. Paul & Duluth R.R. Com
mort.
6s, boat*car,rg.,1918
7s,boat*car.rg.,l9i5
Susquehanna 6s, coup.. :9;8 .*
49
47
Nesquehoning Valley
g., reg.,’94
gold,’97....
m. conv.
2d m. 6s, reg., 1907
do
do
do
Delaware &
do
Lehigh Navlga. m.^s, reg.,’84
do
mort. RR., rg ,’97
BALTIMORE.
pref........ ..
pref—
Pennsylvania
Schuylkill Navigation
CANAL BONDS.
Schuylk. Nav.lBt rn.6s.rg.,’97.
36
new
Norristown
North Pennsylvania
90
cons. m.7s, rg.,191! 100
Morris, boat loan, reg., 1885..
Pennsylvania 6s, coup., 1910.. 81*
Harrisburg City
Jiinehlll
106*
m ,6s, g.,1903
cons. m. ,6s, g., 1905
do
do
do
7s, str.imp., reg.,’83-86. 106*
N. Jersey 6s, reg. and coup...
do
exempt, rg. & coup.
Camden County 6s, coup
Camden City 63, coupon.,,..
do
7s, reg. & coup.
Delaware 6s, coupon..
do
111
Chesap. & Dela. 1st 6s, rg.,’86
Delaware Division 6s, cp./78.
do
do
110*
,
Pittsburg 4s,coup., 1913.....
do
5s, reg. & cp.,1913.
do
6s,gold.reg ... ...
do
7s, w’t’rln.rg. &co.
Bound Brook....
Pennsylvania
Elmira * Williamsport.......
do
do
pref..
Har. P. Mt. Joy & Lancaster.
Huntingdon* Broad Top...
..
100
Allegheny County 53, coup...
Allegheny City 7s, reg.
East
93*
inc.&l. gr.,78 1915
Union * Titusv. 1st m. 7s, ’90.
United N.J. cons. m. 6s, ’94..
Warren* F. 1stm.7s,’96
West Chester cons. 7s, ’91
West Jersey 6s, deb.,coup.,’83
do
lstm. 6s, cp.,
do
1st m. 7s,’99...
Western Penn. RR. 68,00.1899
do
6s P.B.,’96. 103
6s, 15-25. reg., 1882- 92
6s, In. Plane, reg.,1879
do
do
65
do
g’d, int.,reg. or cp.
Catawlssa..
.
loaT
do conv. 7b, 1393*
do
7s, coup, off, ’9S
Phll.*K.Coal*lron deb. 78.92
do
deb. 7s. cps.ol!
do mort., 7s, 1892-3
Phila. Wllm.& Balt. 6s,’84
Pitts.Cln.&St. L. 7s, cou., 1900
do
do
7s, reg., 19 1'
Shamokin V.& Pottsv.7s, 1901
Steubenv. * Ind. 1st, 6s, 1884.
Stony Creek 1st m. 7s 1907...
Sunb. Haz. * W.,lst m.,5s,’2L
Sunbnry & Erie 1st m. 7s, ’97..
do
CITY BONDS.
6s, coupon..
BAIIiROAD STOCKS.t
Camden & Atlantic.
do
do
pref
Bid. ASF
SBCTTRITIKS.
Phil.* R. cons.m.fi8,g.i.l9il.
Texas & Pac. 1st
5s, cur.,reg .... ..
5s, new, reg., 1892-1902
do
do
do
do
uu
do
Etc.—Continued.
syra.Gen.* CornV,lst,T6,190G
PHILADELPHIA.
do
’ll*
Fort Scott A Gulf, preferred
do
common.
K. C. Law. & Southern
K. C- St. Jo. A Council Bluffs
Manchester A Lawrence,...
Nashua A Lowell.<
New York A New England...
Northern of New Hampshire
gen. m. 7s, cp., 1903.
gen. m. 7s,reg., 1903
Creek
Oil
1st m. 7s, coup.,’81.
Atchison & Topeka
122*
At jhi so i & Nebraska
67
106
Boston A Albany
138
Boston A Lowel.1
121*
117
114* , Boston A Maine
126
127
107* 108 W Boston A Providence
Burlington & Mo. In Neb.,..
100* 101
50
Cheshire preferred.
Chic. Clinton Dub. A Min....
50
82
Cln. Sandusky A Clev
17*
Concord
80
Connecticut River
58
51* 51* Conn. A Passumpslc
Eastern (Mass.)
24* 25
Eastern (New Hampshire)...
Bid. Ask.
8KCUBITIE8.
do
do
do
8TOCKS.
112
K. City Lawrence * So. 4s...
83
Kan. City. St. Jo.&C. B. 7s. . 106
Kan. < ity St; Jo. & C. B„ la.
84
New York & New Eng. 7s.... 109* 110
Old Colony,7o
Old Colony,6s
Omaha & S. Western, 8s ....
Pueblo A Ark. Valley, 7s....,
Rutland 63,1st mort
Vermont & Canada, new 8s.,
Vermont & Mass. RR., 6s
i21*
7s, Inc.;
QgOensbnrg & Lake Ch.8s...
8KOTTBITIK8.
PHILADELPHIA,
CANAL STOCKS.
The following are the totals for a series of weeks past:
1879.
BOSTON*
102
102
100
100
103
112*
110*
101
102*
103
102*
103*
LOUIS.
St. Louis 6s, long
103*
do
water 6s, gold.....t 105
do
:
do
ao
new.f 106
do
bridge appr.,g.6s.+ 105*
do
renewal, gold, 6s. +
ao
sewer, g. 6s, ’91-2-8.+
v park,g.'6s.+ 107
St. Louis Co. new
do
cur. It.. ••«*•••+
+ And 1ntere»T.
107
1051
105)
103
654
THE CHRONICLE.
[Vol. XXIX.
QUOTATIONS OF STOCKS AND BONDS .IN NEW YORK.
S, Bonds and active Railroad Stocks
are
quoted
previous page.
on a
STATE
SECURITIES.
Ask.
Bid.
Alabama—Class A, 2 to 5
Class A, 2 to 5, small
Class B, 5s
Class C, 2 to 5
Arkansas—6s, funded
7s, L. Rock & Ft. Scott iss
7e, Memp. & L. Rock RR
7s, L.RP. B.& N. O. RR
7s, Miss. O. & R. I* RR..
7s, Arkansas Central RR.
53~ ~55
..
Kentucky—6s
7s, small
3
3
107
100
....
do
no"
Illinois—6s,coupon, 1879...
War loan
do
•••!
York—6s, gold, reg.,’87
6s, gold, coup., 1887
6s, loan, 1883
6s, do 1891
RAILROAD
Railroad Stocks.
Albany & Susquenanna
Boston & N. Y. Air L., pref.
Burl. Cedar Rapids & No...
Cedar Falls & Minnesota...
Chicago & Alton, pref
Chic. St. Louis & N. O
Clev. & Pittsburg, guar—
Dubuque & Sioux City
99
§53
101
53'
55)4
117
24
AND
106)4 107
Harlem
Ind. Bloom. & Western....
Keokuk & Des Moines.—.
do
do
pref.
Long Island
Metropolitan Elevated
160'
157
§40)4
123)4 124*
124
!25*
N. Y. Elevated
N. Y. New Haven & Hartf.
153
Ohio & Mississippi pref
Pitts. Ft. W. & Cnic., guar,
do
do
specT.
Rensselaer & Saratoga
Rome Watertown & Ogd...
155
112)4 114* *
107
111
15'
23"
Stonington
Terre Haute & Indianapolis
Toledo Peoria & Warsaw..
United N. J. RR. & Canal
Miscellaneous St’ks.
Adams Express
American Express
United States Express
105* 105*
57*
Wells, Fargo & Co
104*
49
...
Maryland Coal
50
105
12"
§10*
....
60
61
4%
5
22
23
*
*
2l"
25
*
*
....
30'
40"
5
....
*
*
1
*
§30"
3
.
,
T
-
3
24*
Ontario Silver Mining
Pennsylvania Coal
39*
175
102
21
Pullman Palace Car
Quicksilver
195
103
65"
pref
Rpring Mountain
Coal
Standard Cons. Gold Mining
29"
....
Railroad Bonds.
Reg. 7s, ’94.
div., coup., 7s, 1917
reg., 7s, 1917
Albany & Susqueh., 1st m.
.
Denv.& R. Grande—1st,1900
Erie—1st mort., extended..
2d mortg., ext’n 5s, 1919..
3d mortgage, 7s, 1883
4th mortgage, 7s, 1880
5th mortgage, 7s. 1888
1st cons, gold 7s, 1920
....
—
Long Dock bonds
Buff. N.Y.& E, 1st m., 1916
N.Y.L.E.&W.,n.2d,con.,6s
do 1st, con., f, cp.,7s
Cleve. P’ville & Ash., old.
new
Buffalo & Erie, new bds...
Buffalo & State Line, 7s..
Kal’zoo & W. Pigeon, 1st.
Louisv.& Nash.—Cons.m. ,7s
Income
Sinking fund
J diet &
Chicago, 1st m...
Louis’a & Mo.,1st m., guar
do
2d 7s, 1900.
St. L. Jack. & Chic., 1st m.
Mi88.Riv.Bridge,l8t,8.f,6s
m
5s, sinking fund
Chic. Rk. I.& P.—6s, cp.,1917
6s, 1917, registered
Keok.& Des M., 1st, g., 5s.
Central of N. J.—1st m., ’90.
1st consolidated
do
assented.
118)4
93
ll6"
$121
Ma»'
117*
106
110
assent’d
93*
Impr. bonds.
lstm.. C. &M
Con. sinking fund
2d mortgage
lstm.,7s7l.
94*
104*
Adjustment, 1903
.
• • '
105*
assented
.
1
1!?*
_
assented
do
Ohic.Mll.& St.P.—1st,8s,P.D
2d mort., 7 3-10, P. D
1st m., 7s, $ gold, R. D
1st m., La C. Div
1st m., I. & M
1st mM I. & D
1st m., H. & D
108
105
126
113
105*
114* 115
114
113
113
113
115
110
105
$109
114*
114*
111
& D. Ext
S.-west div., 1st 6s, 1909..
103'
1st 5s, LaC. & Dav., 1910.
86*
Chic. & Northw.—Sink, f’d.. $110)4 112'
Int. bonds
105
Consol, bonds
119*
Extension bonds
$104
1st mortgage
110
110*
113
Coupon gold bonds
113*,
Registered gold bonds.... $113
Sinking fund
$106*4 106*
Iowa Midland, 1st m., 8s..
Galena & Chicago, exten.
$104*
Peninsula. 1st m., oonv... 113
Chic. & Mil.. 1st.
n«u
*
Pr.ce b
cons. coup..
104*
124"
1st
reg., 1st.,
coup., 2d.
cons. reg.. 2d
i?i*
105
105
106
109
110
110
114
109*
110*
nominal.
120*
no*
114*
105’
115* 115*
112*
117
108*
M0.K.& T.—Cons.ass..1904-6
2d mortgage, inc., 1911—
H. & Cent. Mo., 1st., 1800.
Mobile & Ohio—New m., 6s.
Nash. Chat. & St. L—1st 7s.
N. Y. Central—6s, 1883
6s, 1887
6s, real estate
6s, subscription
108
Burlington Div
68*
60
do
'
114
119
116
117
121
117
107
92
00
103
Carondelet
t And accrued interest.
i
S.1.&
& Tol.,
1st,1st7s,m.7s,ex
’90,ex cp.
So. Ia.,
cp
St.L. K.C.& N.R. E.& R.,7s
Div., 1st mort., 7s
Omaha
105*1
85*
I
96
• •• •
International
...
Int.H. & Gt. No.—Conv., 8s.
Kansas & Nebraska—1st m.
2d mort
105 *
77
74*
72*
101
101
88
90
68*
127
124
118
117
(Tex.)—1st,7s
Long Island—1st mortgage
101*
Montclair & G.L.—1st, 7s, n.
N. J. Midland-] st, 7s, gold
2d mort
New Jersey So—1st, 7s, new
N. Y. & Osw. Midl’d—1st m.
Rec. certif’s assented..
128
St.Joseph & Pacific—1st m..
2d mortgage
120* St. Jo. & Western stock..
118*! St.L.& San F.—2d m ./class A
Ill
2d mortgage, class B...
....
86
$48
85
87
do
class C
St.L.& S.E.—Cons., 7s, g.,’94
49
*
484*
$43
-
-
-
85*
45
St.L.Vandalia& T.H.—lstm
2d mortgage, guar
South Side (L. 1.)—1st mort
South Minn.—1st m., 7s, ’88.
1st mortgage, 7s (pink)....
Extension
Tol. Can. S.& Det.—1st, 7s, g
Union & Logan sport—7s.
U. Pac.—South Branch
.
113
....
103*
06
113*
100*
96
109
94*
$65"
iii:
106*
111
...
...
...
111
103*1103*
7s, equipment
•
*
•
1st, 7s, Id.
gr., not, guar...
1st, ex land grant ,7s
$ No price
to-day; these
are
109*
91
100
104
.
.
80
100
100
95
108* 109*
Compromise
35
Mobile—5s, coupons on
8s, coupons on
98*
$20
35
6s, funded
96
97* Montgomery—New 5s
New 3s
108* 109*
98* 98* Nashville—6s, old
6s, new
97*
104
09"
105
106
82
•
•
55
60*
61
39*
105*
106*
*
49*
108
112
102
107
62
60
80
90
25
25
50
Consolidated, 6s.
27
100
100
Railroad, 6s
8s
Richmond—6s
52*
Consol., end. by Savan’h..
Stock.
40
35
32
*
67
2d mortgage, 7s
East Tenn. & Georgia—6s..
E.Tenn.& Va.—6s,end.Tenn
E. Tenn. Va. & Ga.—1st, 7s.
Stock
6s
Stock
7s,
95
105
111
95
30
31
30
29
29
67
60
65
61*
60
45
95
85
85
103
73
*
101
40
35
77
•
105* *
112
113
26" 30'
100
85
60
50
•
70
90
105
....
•
07
104
57
Endorsed M. & C. RR
•
92*
guar
Macon & Aug.—2d, endors.
Memphis& Cha’ston—1st,7s
105
70
50
104
50
110
70
93
78
90
00
lie
103
82
87
62
95
98
90
102
108
112
94
112
103
109
107
72
100
106
119
72
100
85
95
96
110
65
100
70
103
101
93
105
109
116
96
116
110
106*
2d, 7s
105* 106* Mississippi Cent —1st m., 7s
42
48
2d mort., 8s
8
9
Liss. & Tenn
1st m., 8s, A
1st mortgage, 8s, B........
62* 68
04
96
N. O. & Jacks.—1st m., 8s...
64
70
Certificate, 2d mort., 8s... 107
108
101*
1st
103
60*
mortgage, 7s
105" no
2d mortgage, 8s
108
85
95
Northeast., S. C.—1st m., 8s. 110
115
102
2d mortgage, 8s
106
100
107
no
Rich.& Dan.—1st consol., 6s
95* 97*
80
90
Duthw. Ga.—Conv., 7s, ’86. 105
—
....
*
-
# -
*
*
100
106*
85
Evansv. & Crawfordsv.—7s.
Flint & Pere M.—8s, I’d gr’t
Consolidated 8s
Stock
•
Galv. Hous.& H.—7s, gld,’71
Gr’nd R.&Ind.—lst,7s,l.g.gu
86
67
60
90
1-00
05
70
95
70
80
12
12
17
....
RAILROADS.
Cin.& Spr.-lst, C.C.C.&l.,7s
1st m., g’d L. 8. & M. 8., 7s.
Denver Pac.—1st,7s,Id.
gr.j?
Erie & Pittsburg—1st m.,7s
Con. mortgage, 7s.....—
-
32*
107
+89
05
105
110
8s
Water works
Augusta, Ga.—7s, bonds....
Charleston, S. C.—Stock, 6s.
122" 123"
7s, F. L
121
123
Columbus, Ga.—7s, bonds..
Macon—Bonds, 7s
70" Memphis—Bonds, C...
Bonds, A and B
(Brokers' Quotations.)
ex cp.
*
72
20
80
31
80
90
58
31
84
62
60
80
....
Miscellaneous List.
89* Bost. & N. Y. Air-L—1st m.
126
Cent, of la.—1st m., 7s, gold
2d
125*
115*
Stock
Chic.& Can. So.—1st
113* Chic. & East. Ill.—1stm.,g.,7s
m., 6s
no
2d mortgage, inc., 7s
Chic. St,P.& M’polis—1st, 6s
Land grant Income, 6s....
Chic.& Southwest.—7s, guar
Cin.
101*
Lafayette & Ch.—1st m
47*
..
-ITT
Ala.&Chat.—Rec’rs ctfs.var
Atlantic & Gulf—Consol—
Atch.&P.P’k—6s,gld,
40
78
50
no
105
30
70
18
75
29
70
85
55
(Brokers' Quotations.)
113*
STATES.
96* N.
65
Carolina.—New 4s
100
60
So.Carolina—Con., 6s (good)
104
Rejected (best sort)
98*
M.& S. +io£"
Texas—6s, 1892
114
7s, gold, 1892-1910 J.& J. +111
7s, gold, 1904
J.& J. 3112
10s, pension, 1894... J.& J. +99
Virginia—New 10-40s
30*
97
109*
CITIES.
94*
105
Atlanta, Ga.—7s
Central of N..J.—1908
..
0b
80
105
06
60"
Petersburg—6s
St.L.I.M.&S.—1st 7s,prf.int.
2d int., 6s, accum’lative
90
75
102
93
30
76
Southern Securities.
58"
St.Chas.B’dge,lst, 7s, 1908 101*
Leh. & Wilkes B.Coal—1888
Lake Erie & W’n—Inc.7s,’99
108* 108* Laf. B1.& Mun.—Inc. 7,1899
91* 92
Mobile& O.—1st pref. deben
46* 47
2d pref. debentures
$105* 108
3d
do
03*
4th
do
109
no" N.Y.LakeE.&W.Inc. 6s, 1977
103
'W
6*
85*
Registered
r
North Missouri. 1st m., 7s 115
West. Un. Tel.—1900, coup. $115* 115*
104* 104* Chic.St.L.&N.O.—2d m. 1907
118* Ind’s Bl. & W’n-Inc., 1919..
1J9
TTI.
Consol, conv.. 7s..
Gt. Western,lstm., ex cp
do 2d m.,7s,’93,ex cp
118
108
Br...
Smith P«*». nf <Mr*.—1st
1st St. L. div.7s,ex mat.cp.
2d mortgage ext., ex coup
54
52)4
Small
-
-
1900, registered
$115*
Savannnah—Cons., new, 5s.
Spring. Y’yW. Works—1st 6s $03
91
Oregon R. & Nav.—1st, 6s..
93*
104*
INCOME BONDS.
RAILROADS.
114* 115
$113*
Income, 7s
T.&Wab., 1st ext.78
75
*
93
92
103
m.
Bur. Div.
1st pref. inc. for 2d mort.
1st inc, for consol
Wabash RR.-Mtg. 7s of ’70.
Equipment bonds, 7s, 1888
N. Y. C. & Hud., 1st m., cp. 126
do
lstm., reg. 126
Huds. R., 7s, 2d m., B.f.,’85 109
Canada South., 1st, int. g.
89*
Harlem, 1st m., 7s, coup., 124
do
1st m., 7s, reg— 124
N.Y. Elevated—1st, 7s, 1906
Ohio & Miss.—Consol, s. f’d 112*
Consolidated
:112
2d consolidated
1st m., Springfield div —
67
Pacific Railroads—
Central Pacific—Gold bds. 110*
San Joaquin Branch..
100
Cal. & Oregon, 1st
101*
Aid
State
ponds
106
Land grant bonds
104
Western Pacific bonds..
South. Pac. of Cal.—1st m.
Union Pacific—1st mort..
no*
Land grants, 7s
112*!
Registered, 8s
Pacific RR. of Mo.—1st
2d mortgage
mortgage. 1886
Consol., 7s, 1910
Pur. Com. rec’pts, lst.E.D
do
1st, W. D.
25
BONDS.
mortgage, W. D
2d
ids''
Sinking fund
m.
St. P.& Sioux C.—1st 6s,1919
St. P. M. & Manit’a—1st, 7s.
2d mort., 6s, 1909.
Tol. Peo. & W —1st m., E.D.
1st
no
3)6
33 *
20
20
.
‘
t
09
82
mortgage, pref
*>.
....
.
96
do
income
Belleville & So. Ill., 1st
103
119*
1st m( rt., sterling
Metropolit’n Elev—lst,1908
Mich. Cent.—Cons., 7s, 1902
1st mort., 8s, 1882, s. f
Equipment bonds
6s, 1909
2d
110
2*
31)|
series
HOUS.& Gt.N.—lst,7s,g.l900
117
...J Indianapolis & St.L.—1st, 7s
no* HI* Indianap.& Vine.—1st,7s, gr
mortgage
Arkansas Br., 1st mort...
Cairo & Fulton, 1st mort.
Cairo Ark. & T.. 1st mort.
St. L. Alton & T. H.—1st m.
87
112* 113
112*
112* 113*
102*
102*
..
2d
116
102*
113*
m.
do
do
7s, 1908...
Inc. mort., coup., 7s, 1896.
Deb. mort., coup., 6s, 1893
Deb. mort., conv., 7s, 1893
Rome Wat. & Og.—Con. 1st.
St. L.& Iron Mount’n—1st m
112
109*
.
Improvem’t, coup., 6s, ’99
General, coup., 6s, 1908...
94*
122
105*
106* 106*
102* 103
86*
•
r
.
new
new
Ask.
30
30
6s, new, 1866
10*
68, new, 1867
6s, consol, bonds
6s, ex matured coupon
6s, consol., 2d series
5
6s, deferred
5
D. of Columbia—3*65s, 1924.
•
Registered 6s, 1911
Coupon 7s, 1911
Registered 7s, 1911
124'
103
110
.
AND
do
do
2d m..
do
do
3d m
Cleve.& Pitts., consol., s.f.
do
4th mort...
Col. Chic. & I. C., 1st con..
do
2d con...
do 1st Tr’t Co.ctf8.ass.
do
do
suppl.
do 2d
do
ass.
Phil.& Read.—Cons. coup.Os
108
106* 109
•
114
6s,
6s,
101
108
Pitts.Ft.W.& Chic., 1st
105*.
»
•
5
Pennsylvania RR—
cons,
Laf. Bl.&Mun.—1st 6s. 1919
Marietta & Cin.—1st mort..
1st m.,
115*
126
cons,
mort., 7s, gold
Cecilian Branch, 7s
105)4 106*
Nashv. & Decatur, 1st. 7s.
L. Erie & West—1st 6s, 1919
106"
Convertible
Lehigh & W. B., con., g’d..
Det.Mon.&T., 1st, 7s.’1906
2d
110)4 113
,
1st m., 6s, ’95, with cp.ctf
1st m., 6s, ’96,
do
1st m..7s.Leav.br. do
1st m.7s,R.&L.G.D’d, do
1st m.,78,land gr’t,’80.do
2d mort., ’66
do
Inc. coup. No. 11 on 1916..
Inc. coup. No. 16 on 1916..
Den. Div. 6s ass. cp.ctf...
Texas & Pac.—1st, 6s, 1905..
Consol. 6s, 1905
Income and land gr’t, reg
115?
1081
-
•
Bid.
Tirfeina—6s, old.
9*
9*
15*
15*
Kansas Pac.—
113
*
•
Securities.
Rhode Island—6s,coup.’93-9
South Carolina—
6s, Act Mar. 23, 1869
Non-fundable
Tennessee—6s, old
2
4
6s, 1886
do 2d,con.,f.cp.,5s,0s
si"
Han. & St. Jos.—8s, conv... 107*
Hous.& Tex. C.—1st, m. l.,7s
1st mort., West. Div., 7s.. $101*
1st mort., Waco & N., 7s«
2d C., Main line, 8s
108
2d Waco & N., 8s
• •••
Inc. and ind’y, 7s
$90
Ill.Cent.—Dub.&Sioux C.lst 108
Dub. & Sioux C., 2d div...
108
Cedar F. & Minn., 1st m..
104*
Ind. Bl’m. &W.—1st, pref. 7s $108
1st mort., 7s, 1900
68*
2d mort., 1909
$53*
Lake Shore—
Mich S. & N. Ind., s. f., 7s. 108*
Cleve. & Tol., sink. fund.. 109
do
108
new bonds.
do
do
do
do
coup,
Ohio—6s, 1881
2d mort..
106*
3d mort.. *100
1st con., guar 107
36
6b, currency, int. deferred
Chicago & Alton—1st mort.
_
103
108
106
117
$112
do
1st Pa.
do
Lake Shore Div. bonds...
do
Am. Dock &
106*
t
27
110
no
00
90
A.&O
coup, off, J. &J.
1868
New bonds, J. & J
do
A.&O
Chatham RR
Special tax, class 1
do
class 2
do
class 3
I.... 112
do
bonds, 1900
do
construct’n
7s of 1871.
do
do
1st con.,g’d..
Del.& Hud.Canal—1st in.,’84
1st mortgage, 1891
do
extended.
do
Coup., 7s,’94
25*
25*
off, A.& O.
Funding act, 1866
116
Morris & Essex, 1st m
2d mort
do
do
Carolina—6s, old.J&J
6s, old, A.&O
No. Car. RR., J.&J
107 *
105
106
100
104
m
Stock Exchange Prices.
Balt. & O.—1st 6s,Prk.b.l919 $105
107
Bost. H. & Erie—1st m
52
1st mort., guar
50
Bur. Ced.R.& North.—1st,5s
88* 89
Minn.& St. L., 1st, 7s, guar
Chesap.& O.—Pur. m’y fund 102"
6a, gold, series B, int. def.
do
6s, loan, 1893
do
do
do
Ask.
117
117
...
do
Rens.& Saratoga, lst,coup
do
1st, reg.
..
Boston Land Company
Boston Water Power
Canton Co., Baltimore
Caribou Consol. Mining
Central Arizona Mining
Consolidation Coal of Md..
Cumberland Coal & Iron....
Excelsior Mining
Gold & Stock Telegraph....
Homestake Mining
La Platta Mining
Leadville Mining
Little Pittsburg Mining
Mariposa L’d & Mining Co..
do
do
pref.
1st con. 78
Del. Lack. & West.—2d
do
do
do
York—6s, loan, 1892
North
106*
Winona & St. P., 1st m.
do
2dm.... $110
C. C. C. & lnd’s—1st, 7s, s. f.
Consol, mortgage
C. 8t.L.& N. O.- Ten. lien 7s 106
Syr. Bii gh. & N. Y., 1st, 7s
63
Bid.
MISCELLANEOUS STOCKS
7s, convertible
Mortgage 7s, 1907
Frankfort & Kokomo
Chic. Bur. & Q.—8 p.c., 1st
Consol, mort., 7s
46*
..
(Active previously quoted.)
do
1887..
New
100
100
New
111
Missouri—6s, due 1882 or ’83
6s, due 1886
6s, due 1887
6s, due 1888
6s, due 1889 or ’90
J Asylum or Univ., due ’92.
Funding. 1894-95
Hannibal & St. Jo., 1886..
3
3
SECUESTIES.
103"
Michigan—6s, 1883
7s, 1890
....
3"
«
Ask.
46*
be.
may
BONDS.
100
Louisiana—7s, consolidated
.
Connecticut—6s
Georgia—6s
7s, new
7s, endorsed
7s, gold
Bid.
Prices represent the per cent value, whatever the par
102
98
104
108
95
105
105
55* 57*
13
....
14 >
85 v
108* no*
97
72
100
78
Stock
7s, 1902, non-enjoined
* • .
Vest Ala.—1st mort., 8s..
2d mort., 8s, guar
•*!
100
100
57
109
109
104
105
62
113
113
PAST-DUE COUPONS.
Tennesssee State coupons.
South Carolina consol
Virginia
do
coupons
consol, coupons...
latest quotations made this week.
10
40
20
80
§ Sale price.
25
•
•
•
•
•
90
December
THE
20, 1879.]
CHRONICLE.
Jmrjcstwmts
Mail service.
STATE, CITY AND CORPORATION FINANCES.
The Investors* Supplement is published on the last Saturday
of each month, and furnished to all regular subscribers of the
Chronicle.
No single copies of the Supplement are sold at the
a sufficient number is printed to supply regular
One number of the Supplement, however, is bound
up with The Financial Review (Annual), and can be purchased
in that shape.
as
only
subscribers.
Interest
Use of road
Miscellaneous
Total
1876-7.
1875-6.
$28,396,583 $28,910,555 $26,579,085 $28,046,588
Operating expen’s 16,123,072
16,135,977
14,946,261
16,124,171
Gross receipts....
Net earnings...
187-953642.
384,092
229,721
829,264
647,455
$28,396,583
$28,910,555
$26,579,085-
and steel
Cost of rail used in repairs....
$1,444,833
$1,355,232
$1,125,993
221,755
Repairs of buildings
Repairs of fences and gates...
267,133
40,220
322,405
227,716
229,190
223,18527,630
Taxes
real estate
on
42,994
924,506
2,937,530
10,325,591
871,797
transp’nexpenses...$16,123,072
•
....$12,273,510
PAYMENTS OTHER THAN FOR
ending
September 30 has been rendered to the State Engineer at
”Albah;jr, and an abstract is furnished for publication. Much
more interest will be felt in this report on account of the
recent sale of stock to a syndicate by Mr. Vanderbilt, who pre¬
viously held a controlling interest. A glance at the genera
result of the year’s work shows that there was a decrease of
about $500,000 in gross earnings, as compared with the fisca'
year 1877-8; that operating expenses were nearly the same, anc
the decrease in net earnings was therefore the same as in gross—
that is, about $500,000. The total gross earnings, expenses and
net earnings for a series of years have been as follows :
1877-8.
1876-7.'
326,420
4,417355,281"1
236,008
542,855-
$12,273,510 $12,774,577 $11,632,924 $11,922,417
It will probably surprise many of those interested in railroad
stocks to find that the Central & Hudson road made less money
in the last year than in 1877-8, but the decrease is more than
accounted for in a single item of the report, namely, the rate
9,625,261
$14,946,261
$11,632,924
CONSTRUCTION AND TRANSPORTATION.
1878-9.
For interest
For dividends on stock—8 p.c.
To rent of other lilies
To balance
850,098
2,864,784
$16,135,977
$12,774,577
Net earnings
(For the year ending September 30, 1879).
The annual report of this company for the fiscal year
1878-9.
1877-8.
441,143
6,535
227,427
Expenses—
Repairs of road-bed and rail¬
way, excepting cost of iron
Total
N«ew York Central & Hudson River.
*.
1878-9.
494,447
6,720
382,444
Expenses of repairs of mach ’y 2,763,716
Expenses of operating the road 10,513,616
REPORTS.
ANNUAL
.
Telegraph
AND
office,
6 55
1877-8.
1876-7.
$2,749,761
$2,796,576
7,139,528
1,929,263
454,957
7,139,528
1,939,555
898,917
$2,744,004
7,140,659
1,945,572:
<
The following deductions are made from the report,:
Expenses for 1877 were 56*23 per cent of gross earnings;^
Expenses for 1878 were 55*81 per cent of gross earnings.
Expenses for 1879 were 56*77 per cent of gross earnings.
1878-9.
Earninsrs per ton per mile on freight
Expenses
per
ton per mile on freight
per passenger per
mile on pas-
per passenger x>er
mile on pas-
1876-7
Cents.
1*01
0*60
.
0*16
0*32
0*41
2*05
2*05
2*07
1*27
1*14
0*78
0*93
sengers
Expenses
1877-8.
Cents.
Profit
Earnings
,
Cents.
0*70
0*54
sengers
1*20
Profit
0*85
0*91
0*59
-
The following table will show the gross and net receipts and
the passenger and freight movement for eight years past, and4
it will be observed that while the freight tonnage has steadily
increased the passenger movement shows a very material
on freight per ton per mile.
In 1878-9 the rate received was
off.
only 0*70 cent (seventy one-hundredths of a cent) per ton per falling
GROSS AND NET RECEIPTS AND PASSENGER AND FREIGHT MILEAGE, FOR
mile, against 0*91 in 1878-9, and the profit per ton per mile was
EIGHT YEARS.
only 0T6 cent, against 0‘32 in 1877-8. This resulted in a decrease
Freight (tone>
Passengers
carried
carried
of $775,000 on freight, although the tonnage was considerably
Gross
Net
one mile.
one mile.
Year.
receipts.
receipts.
increased. Since the close of the fiscal year rates have advanced
$342,339,006 $1,041,984,687
$28,437,201 $10,271,381
largely.
364,356,586
1,277,489,89732,496,021
12,925,974
Details from the report are given below, and comparisons
1,391,569,707'
13,262,089
350,781,541
31,650,387
made with 1877-8 and 1876-7.
STOCK AND DEBT.
Total funded debt
Real estate, bonds and
mortgages
3 878-9.
1877-8.
$89,428,300
39,801,233
$89,428,300
39,801,233
$89,428,300
685,174
632,050
534,212
OF ROAD AND
1878-9.
For
graduation
bridges
Superstructure, includ¬
ing iron
Passenger and freight
stations,
buildings,
fixtures and shops...
land
and fences
EQUIPMENT.
1877-8.
damages
Locomotives and fix¬
tures and snow plows
Passenger and baggage
cars
Freight and other cars
Engineering and agen¬
cies.
and
1876-7.
$19,599,938
$19,543,814
$19,501,106
2,535,455
2,528,026
2,528,026
29,415,675
29,216,925
29,119,425
12,746,512
12,196,709
11,926,328
12,537,438
12,469,817
11,968,899
5,921,686
5,868,486
5,988,003
1,514,292
10,294,021
1,628,292
10,233,626
1,764,143
10,115,901
2,999,473
2,999,473
stable
2,999,473
16,985
-
4,293
equipage
Rochester & Lake On¬
tario Railroad
Buffalo & Niagara Falls
Railroad
Lewiston Railroad....
Saratoga
&
The
Company of Georgia.
(For the year ending Aug. 31,1879.)
earnings and expenses were as follows :
$1,479,259
Central Railroad, Savannah Division...
Central Railroad, Atlanta Division
Central Railroad Bank
South Western Railroad
541,510*
42,892^
751,575
9,309
Upson County Railroad
The expenditures of all kinds for
follows:
Central Railroad, Savannah Division
$2,824,540'
the same time have been
Central Railroad, Atlanta Division
Central Railroad Bank
South Western Railroad
Leaving net
400,000
658,921
400,000
remarks in his report:
Within the past year our company,
2,000,000
2,000,000
Georgia Railroad Company, has been
4,888,562
11,109,497
4,842,148
12,019,361
.$1,208,245^.
in conjunction with the
called upon to make at
very large payment on account of the Western Railroad of
Alabama. In the proceedings for the foreclosure of the mort¬
$99,894,095
$99,142,408
gage upon that road there were income or unsecured bonds of
TRANSPORTATION.
lie Montgomery & West Point Railroad Company, issued prior
1877-8.
1878-9.
16,553
443,952
Compared with the previous year, there was an increase in
gross earnings of the company of $102,922, and the
expenses were also $17,986 greater, leaving the net earnings$84,935 over those of the previous year. The^ President
658,921
$100,773,416
317,205
the
658,921
400,000
OF THE YEAR IN
$830,234
-.
150,000
Total cost of road and
as;
8,355—1,616,301*
Upson County Railroad
150,000
2,000,000
Miles run by passenger
trains
Miles run by fr’t trains
1,404,008,029
1,674,447,055
1,619,948,685
2,042,755,1322,295,827,387
Central Railroad & Banking
150,000
Hudson
River Railroad
1376-7....
11,765,110 % 338,934,360
11.922,416
353,136,145
11,632,924
316,847,325
12,774,578
300,302,140
12,273,511
290,953,253
Total for Roads and Bank
Horses
Harness
39,801,233
and
For
Land,
1876 7.
29,027,218
28.046,588
26,579,086
28,910,555
28,396,584
1876-7.
4,594,540
9,774,038
its sale to the Western Railroad Company.” * *
mvment by this company on account of these bonds
£260,837. There are still a few of the bonds that have
io
*
“The
has been
not been
mid, but the amount is small.
In addition to the payment on account of the Western Rail¬
Passengers carried one
of Alabama, we have been called upon to pay $80,000 in
road
mile.T
300,302,140
316,847,325
290,933,253
order to protect the South Western Railroad Company’s inter¬
Tons (of 2,000 lbs.))
*480,122 )
*425,490
6,351,356
of freight carried.. 5
t7,695,413 5
t9,015,753
est in the Vicksburg & Brunswick Railroad.”
*41,600,236 ?
Tons of freight car- \
*45,646,215
^ 61q 04.0 aqr
While the Board had been aware of the pendency of suits on
ried one mile
5 12,295,827,387 t2,042,755,132 > ld>iy,y48,685
ihese two matters in the courts, they haa been encouraged to
*
jelieve that the final decision would be adverse to the claim¬
Company s freight, t Other freight.
RATB8.
ants, and that the company would be relieved from any obli¬
The rate of fare for passengers charged for the respective gation. ••
The sale of the Montgomery & Eufanla Railroad took place
classes per mile was as follows :
1878-9.
1877-8.
1876-7.
on the first day Of May, 1879.
It became an object of great
Passengers (all classes)
carried
8,927,565
8,130,543
8,919,438
“
,....
For first-class through passengers—
For first-class way passengers
For emigrant through passengers.....
For emigrant way passengers .•
1*98 cts. 2-01 cts. 1-87 cts.
2 & 2Lj
2&21e
2&212
1*13
1*24
113
1*18
GROSS RECEIPTS AND EXPENSES.
Receipts—
From passengers
From freight
Car service
Rents
1878-9.
$5,953,101
18,270,250
1,023,037
1,209,889
1877-8.
$6,022,955
19,045,829
parties friendly to their
that road. In this the^r
1*12
were successful, upon condition that the endorsement of the
135
Central Georgia Company should be placed upon the obliga¬
tions of the purchasers of that road for the amount paid for it~
1876-7.
$6,576,816
3y this arrangement they secure the entire and cordial opera¬
16,424,316
solicitude to the Board to encourage
interest to become the purchasers of
»
8S8.462
1,057,113
1,244,358
1,055,855
tion of that company
worth the
permanently, and the road is regarded as
price paid for it.
656
THE
CONDITION
OF
THE CENTRAL RAILROAD
AND
BANKING
GEORGIA, AUG. 31, 1879.
CHRONICLE
COMPANY
OF
tfUfl
Dr.
Railroad and Appurtenances
Real Estate
Stocks of other Companies
Bonds of other Companies
Notes Discounted and Bills Receivable
United States
Due by Treasurers and Agents
Due by other Roads
Expenditures of Roads and Bank
Rent Account South Western Railroad
Rent Account Augusta & Savannah Railroad
Rent Account Eatonton Branch Railroad
Interest on Bonds
Profit and Loss
93,238
1,032,920
57,247
8,106
352,652
73,000
14,000
272,428
844,546
235,860
$7,500,000
Due other Banks
Bonds of 1872
Bonds of Macon & Western Railroad
Fare Notes Central Railroad
-
301,653
551,656
3,500,000
117,000
917
Unclaimed Dividends
Unclaimed Dividends South Western Railroad
52,756
15,979
29,098
11,638
3,109
112,949
Forwarding Account
Freight Account other Roads
Passage Account other Roads
Ocean Steamship Company
Due other Railroads
Central Line of Boats
Insurance Account
General Commissioner
Bills Payable
Gordon Cotton Press
45,840
40
,
Earnings of Roads and Bank
Total
2,870
35,745
30,000
14,996
2,824,546
$15,150,798
Fredericksburg & Potomac.
(For the year ending September 30, 1879.)
report gives the company’s operations for the
ending September 30, 1879, as follows:
The annual
Leaving
a net revenue of
$314,839
2,192
$356,456
GENERAL INVESTMENT
NEWS.
Atlantic
& Great Western.—A
meeting of bond and stock
held in London, December 4, at the call of the
Re¬
construction Trustees.
Mr. C. E. Lewis, M. P., stated that the
project for leasing the road to the Erie was given up. To secure
all the money required to
carry out the plan of
and for this purpose to raise $2,000,000 additional reoganization,
to the $8,000,-
holders
was
000
prior lien bonds, they would issue $4,500,000 additional
mortgage bonds, which rank next below the prior lien.
These will be
first
offered to the holders of first, second and third
mortgage bonds in the proportion of $250 to every $3,000 of
their holdings of any class.
If the bondholders did not take
them, their sale was secured. The name of the new
company
would be the “New York
Pennsylvania & Ohio.” From the
proceeds of the prior lien, the Ohio mortgage would be paid off
and equipment purchased.
*
Cairo & Vincennes.—This railroad is advertised for
sale in
foreclosure on January 5, 1880. The notice of sale
includes
the Cairo & Vincennes
Railroad, from its terminus in or at
the city of Cairo, in Alexander
County, State of Illinois, to its
terminus in or at Vincennes, in Knox
County, in the State of
Indiana, and all the estates, terms, easements, ways and
rights
of way, rolling stock, &c.
Chicago & Dakota.—This extension of the Chicago & North¬
western has been opened from
Tracy, Minn., to Volga, Dak.—
71 miles. The grading is
completed* all the way from Volga to
the James River, a distance of 63
miles, and D. L. Wells &
Co. of Milwaukee have the contract for the
construction of the
road for a distance of 84 miles west of
Volga, which will be
*.
July,
1878, directing that there should be an arrangement with the
Company to run by steamboat a day line
between Quantico and Washington, a contract has been entered
into between this company ana the Potomac Steamboat Com¬
pany providing for the construction of a swift iron steamer for
such service.
COMPARATIVE STATEMENT.
Earnings.
Through travel
1878-9.
1877-8.
$164,266
Local travel
U. S. mail
U. 8. transportation
$164,899
34,304
30,304
35,452
32,795
22
Express freight
Through freight
Local freight
Hire of cars
Rents of real estate
703
17,663
31,757
36,520
18,535
23,869
35,277
2,192
2,240
$317,032
$314,272
499
Total.
Expenses
161,975
earnings
OF
220,000
Balance
completed early next season.
Columbus Chicago & Indiana Central.—At the
$317,032
meeting of
161,975 bondholders, held December
13, Mr. James A. Roosevelt read
a report from the committee
$155,056
previously appointed, in regard
to reducing the debt of the
company
in conformity with the
the previous year by the
requirements of Judge Harlan’s decision. The report
says :
Your
Potomac Steamboat
STATEMENT
$576,456
:
—which net revenue exceeds that of
sum of $957.
The payments on account of interest on bonds and
dividends
on guaranteed stock amounted to
$106,193, leaving a net profit
of $48,863, against $42,380 last year.
In pursuance of the resolution of the stockholders in
Net
709,524
Net earnings
Interest
94,247
Capital Stock
Individual Deposits
Making a gross revenue of
Expenses of transportation have been
$1,285,980
Expenses
1,616,301
$15,150,798
Receipts from transportation have been
Receipts from rents
2,820
Total
117,272
.
fiscal year
$1,283,160
Miscellaneous
2,538,976
Total
Richmond
Passengers
$7,800,000
Cash
Or.
fV0L. XXIX
160,174
$155,057
$154,098
THE
AFFAIRS OF THE RICHMOND
FREDERICKSBURG
POTOMAC RAILROAD COMPANY SEITEMBER
30, 1879.
Cost of road and property—
From Richmond to Acquia Creek
<fc
committee decided that it would
bonds, and have besides
purchased within $217,814 of the necessary amount of other
underlying
bonds to complete the reduction of that
part of the excess of debt not rep¬
resented by second mortgage bonds. The interest on
the bonds already
in the hands of the committee, and on those
they have funds to pay off,
amounts to $109,578 per annum.
By the cancellation of these securi¬
ties the interest on the bonds
having precedence over the consolidated
bonds will be permanently reduced to
$389,257 per annum. We intend
to make further purchases of
underlying bonds should we be able to do
so at underlying
prices. A portion of those already purchased have
been paid for in Union Trust
Company’s receipts for consolidated bonds
deposited under the bondholders’ agreement. Taking these at their
present market value (87), the average cost of the purchased bonds is
9058, exclusive of the Indiana Central 10 per cent
bonds, of which
$160,500 were purchased at 1 per cent premium and accrued
interest,
and the remainder will be paid
for at par. The purchase of a portion of
the Indiana Central 10 per cents was made with the
intention of re-is¬
suing them as 7 per cent bonds; but our counsel thought it doubtful
whether this could
be legally done, so we abandoned the idea of
doing
so, and concluded to cancel the whole issue. The
present liabilities of
the committee amount to about
$1,200,000. In this amount is included
the 10 per cents paid to the second
mortgage bondholders and what
has ,been paid for
underlying coupons (about $375,000), aud $25,000
legal and other expenses.
There is still to pay, on or before
December 31, $531,300, principal and interest of the
outstanding
Indiana Central 10 per cent bonds, and there
may be other liabilities for
right of way, &c., to liquidate in order to reduce the absolute indebted¬
ness of the Columbus
Chicago & Indiana Central
$2,509,718
Manchester connection
Cost of teams
Debts due to the CompanyBills receivable
Potomac Railroad Company
Debts due in open account
OfifSli*-*
On hand September 30, 1879
319,015
6,195
1,945— $2,836,874
$21,586
112,152
69,744—
Total
203,483
10,678
$3,051,036
Liabilities.
Capital stock
$1,530,924
Funded debts
847,763
76,751
Floating debts
Profit and loss
595,596
Total
$3,051,036
Metropolitan Elevated.
Railway
Company to
On the other hand, there is now in the hands
of the
Receivers $66,237 for net receipts of August, and on Jan. 1
they will
receive for net receipts of September
$150,258, together $216,495. Of
this amount about $195,000 will be
applicable to the reimbursement of
the coupons already paid for by your committee. A
portion of the issue
of the $10,000,000 convertible bonds secured
by mortgage dated Feb. 1,
1870, and entitled to 7 per cent accumulative interest when
earned, was
set aside for the porpose of
being exchanged against the bonds in excess
of the $15,831,000, to which the absolute
indebtedness of the company
was to be reduced, and your committee is entitled
to an amount of these
bonds to set aside equal to the amount of bonds
they cancel of the
previous issues. They will thus have as an asset about $1,400,000
of
these bonds. Your committee have agreed to
repay before the end of
the year a portion at least of 1he liabilities
they have incurred, and in
order to enable them to do so
they propose to sell to the highest bidder
$750,000 convertible bonds and $1,500,000 Union Trust
Company’s
receipts obtained in exchange for consolidated bonds re-deposited
in
accordance with the terms of the
agreement of August 22,1879.”
$15,821,000.
Assets.
Quantico branch
“
greatly strengthen the posi¬
tion of the consolidated bonds to reduce that
portion of the excess of in¬
debtedness not represented by second
mortgage bonds, with the under¬
lying bonds, so far as could be done, and,
having secured the necessary
funds to carry out this
programme, they have taken the engagement to
pay off the $666,500 Indiana Central 10 percent
The report of the committee was
adopted, and they were
authorized to accept proposals for the sale of certificates to the
amounts asked for, and
proposals were
for till Dec. 18 for the purchase of
accordingly advertised
“$750,000 convertible bonds of the Columbus Chicago & Indiana
{For the year ending Sept. 30,1879).
Central. Railway Company, of the issue of $10,000,000—secured by
The report of this company to the New York State
mortgage dated Feb.
1870* reimbursable at the option of the com¬
Engineer pany after Feb. 1,1890, bearing
7 per cent accumulative interest when
for the year ending Sept. 30, 1879, is
very brief, and the scanty earned, and convertible into preferred stock until 1885.
These bonds,
figures are presented below. In 1878 the road was operated known as income bonds, have been obtained by the undersigned
in
for only four months.
exchange for the same amount of underlying bonds bought by them and
canceled
for
the
purpose of reducing the debt of the Columbus Chicago
The stock and debt reported are as follows :
& Indiana Central
Railway
Stock
$6,500,000
Bonds
fi,082,000
Total
The
earnings and
expenses for the year were as
$1^582,000
follows:
Company, in conformity with Judge Harlan's
decision, to $15,821,000, bonds bearing 7 per cent absolute interest.
“They also invite proposals for the purchase of $1,500,000 Union
Trust Company’s receipts issued for Columbus
Chicago & Indiana Cen¬
tral Railway Company consolidated first
mortgage bonds, re-deposited
under the agreement of Aug.
22,1879, and stamped:
This second certificate is issued for Bond No.
, heretofore with“
657
THE CHRONICLE
20, 1879.1
December
now again deposited under the provisions of bondholders’
agreements within referred to.”
On these proposals the securities were taken, December 18,
as follows: $105,000 at 84, $115,000 at 83, and $1,280,000at
drawn, and
82-77; and the $750,000 incomes
were
taken at 31.
^ of the road for the
year, compared with that of 1878, the
of November and December being
bei
partly estimated:
Earnings, 1878
Earnings, 1879.
Freight
Other
$11,279,503
$10,048,952
767,037
873,421
3,057,393
3,128,460
Passengers
months
sources
r
Chicago Milwaukee & St. Paul.—In the Boston Advertiser
$15,175,000
last week there appeared a statement telegraphed from New
Operat’g expen. and taxes,&c. 8,895,000 (58-62
York asa“ semi-official” summary of earnings, expenses, inter¬
p. c.)
Net
$6,280,000
est charges, &c., for the year 1879. A statement of this char¬
funded
acter would not have been published in the Chronicle without Deduct—Interest on
debt, rentals, &c
2,723,000
confirmation, and it was accordingly sent to the office of the
$3,557,000
company, and being there substantially confirmed, except as to
($7 19)
items estimated, it was published in the Chronicle on page 631. Equal per share
A gentleman who is a stockholder in the company and claims to Dividends—Aug., 1879, 21s;
Feb., 1880, 4
3,215,322
have direct information
$13,979,766
8,486,601 (60*70
p.
c.)
$5,493,165
2,718,791
$2,774,374
($5 61
,
that the exhibit is in some
$341,678
Surplus
particulars erroneous and misleading, and submits the figures
below as approximately correct.
—which
has
been
It will be seen that the main
disposed as follows, to wit: Sinking Fund, $250,difference is in the percentage of operating expenses, which is 000 ; Ashtabula accident, $58,672 ; balance, $33,005 ; total,
placed at 55 per cent, against 59 in the other estimate.
$341,677.
Gross earnings for 1879, approximate
$10,000,000
Nothing was charged to construction or equipment in 1879.
Operating expenses (55 per cent), including taxes
5,500,000 The operating expenses include 9,500 tons steel rails. The
miles of track now laid with steel rail are 1,100. Included in
Net earnings
$4,500,000
on
for
1879
Interest
bonds
$2,500,000
operating expenses is about $250,000, expended for additional
Sinking fund
75,000
equipment, improvements at Ashtabula Harbor, real estate, &c.,
Dividend of 7 per cent on preferred stock
859,500
which items have heretofore been charged to construction.
Dividend of 2*2 on common stock.
381,100
now
says
■
Dividend of 3*2
on common
stock, Jan., 1880...
531,000
4,346,600
Leaves surplus
Last year the percentage of operating expenses was 56 7-10.
Kansas City
$154,400
Memphis & Mobile.—This road, says a press
sold at Kansas City, Missouri, on December 45,
to Mr. Cross, of Emporia, and Mr. Lyman, a director of the
Missouri Kansas & Texas, representing parties largely inter¬
ested in the Missouri Kansas & Texas; price, $19,500, to be
paid in cash. The road has an old road-bed, graded in 1872,
about forty mileif long. It is to be built in a southern direc¬
tion to intersect the M. K. & T. near Nevada, Mo.
It is stipu¬
lated that forty-five miles be completed in 1880 and the re¬
dispatch,
was
mainder in 1881.
Kansas Pacific.—The petition of holders of second land
grant mortgage bonds of the Kansas Pacific Railroad, to set
aside the sale of the lands, was granted by the United States
The officers of the Kansas Pacific
a circular correcting
the statements contained in an Associated Press dispatch from
Circuit Court in Kansas.
Railway Company in New York issued
Topeka, Kan., as to this sale. The circular states that the sale
of the mortgaged lands of the company, which was made under
a court decree in October last, was set aside by consent of the
company and the trustees, Messrs. Gould and Sage, who had
bought them. The suit to foreclose the mortgage had been
brought by the trustee of the company’s second land grant
mortgage at the request of bondholders. Messrs. Gould and
Sage bought them in trust for the company. When the sale
.
Lehigh & Wilkesbarre Coal Company.—At Pittsburg, Pa.,
the United States Circuit Court,
Dec. 12, Judge NcKinnan, of
denied the application of the
administrators of J. B. McCreery
against the Receivers of the Lehigh & Wilkesbarre Coal Com¬
pany. The plaintiffs charged the Receivers with mismanaging
the property of the company and causing a heavy loss, ana
they asked that the Receivers be compelled to give $300,000
bonds for the performance of their duties in a careful manner.
The Court refused to make the Receivers give bonds, but gave
the plaintiffs leave to take their case before the Master, who
was appointed at the instance of the New Jersey Central Rail¬
road, which is a creditor of the company to the amount of
about $7,000,000.
Louisville & Nashville—Louisville New Albany & Chicago!
—A purchase has been made of the controlling shares in the
Louisville New Albany & Chicago road by Mr. Standiford,
President of the Louisville & Nashville, R. S. Veech, Hon.
Isaac Caldwell, and several other gentlemen in Louisville, and
their associates in New York are John Jacob Astor, Wm. Astor,
Robert L. Kennedy, Henry F. Vaile, Samuel Sloan, and others;
all, or nearly all, original owners of the stock, and who have
heretofore been represented by Mr. Reynolds, of Lafayette,
Ind. All the holders of the stock are friends of the Louisville
& Nashville Railroad, and will manage the road so as to give to
the Louisville & Nashville Railroad
with Chicago.
a
thirteen hours’ connection
Manhattan Beach Railroad.—The following officers of the
New York & Manhattan Beach Railroad have been re-elected:
came
before the court for confirmation the bondholders President, A. Corbin; Vice-President, J. B. Upham; Secretary
objected that the price was inadequate. Messrs. Gould and and Treasurer, G. S. Moulton; Executive Committee, J. B.
Sage consented that the sale be set aside, and, if necessary, the Upham, D. C. Corbin and Gr. S. Moulton. The directors of the
[a consequence of this the road have resolved to increase the capital stock from $500,000
decree under which it was made,
to $800,000. The additional amount will be preferred, and
sale was set aside.
$200,000 of that sum will be used to pay off the debts of the
Keokuk & Des Moines.—The following is the annual state¬
road. The remaining $100,000 will constitute a surplus fund to
ment of the Keokuk & Des Moines Railway Company for the
increase the rolling stock and appliance. During the last fiscal
fiscal year ending 30th September, 1879 :
year the receipts from passenger traffic were $259,287; from
Gross earnings
:
$565,556 freight, $17,218; dividend on 2,000 shares of the Manhat¬
25 per cent of which is
141,389
Interest paid on bonds
137,500 tan Beach Improvement Company, $16,000; from balance of
rents, $3,958; making the total receipts, $296,464. During the
Surplus for the year
$3,889 same period the disbursements for steamboat service were $67,This road is leased to the Chicago Rock Island & Pacific 902; for music and police, $14,183; for operating, $94,944;
Railroad Company at an annual rent of 25 per cent of the gross making the total expenses $176,955. The net earnings during
receipts, the lessee guaranteeing that rent shall at least pay 5 I the year are placed at $119,508.
per cent on the bonds.
Memphis & Little Rock.—A despatch from Little Rock,
Lake and Canal Freights.—The Buffalo Commercial gives Ark., December 16, says’: “^Chancellor Carroll, of the Pulaski
the following as the average rates on wheat and corn from Chancery Court, to-day decided the case of the State against
Chicago to New York, for the month of November, in the the Memphis and Little Rock Railroad Company, et al. The
suit was for the foreclosure of the mortgage to secure a loan
seasons named:
of $100,000 made in 1861. The decree is for the State, and
Canal—*
Lake.—*,
Canal.
-Lake
orders the sale of the road, rolling stock, etc., unless the debt
Wheat. Com. Wheat. Corn.
Wheat. Corn. Wheat. Corn.
Cents. Cents. Cents. Cents.
Year.
Cents. Cents. Cents. Cents. Year.
and interest, amounting to over $202,000, is paid by a day
11*5
5*9
1875...
5*6
10*5
7*6
11*9
9*1
1870... 8*5
.
1871... 10*1
1872... 12*4
1873... 7*4
1874... 4*6
9*7
/
,
15*9
16*0
12*3
14*1
14*0
10*6
8*7
1876...
1877...
1878...
1879...
3*7
4*5
4*5
7*0
3*3
3*9
4*1
7*5
10*0
6*4
10*2
6*9
8*7
named.”
Memphis Water Works.—A despatch from Memphis, Tenn.,
Memphis Water Company’s works
9*7
6*5
8*8
States Commissioner Etheredge to
Lake Erie & Western—Lafayette Muncie & Bloomington. C. H. Kifgoud, representing the Cincinnati bondholders, for
—At Springfield, Ill., Dec. 11, articles of consolidation were filed $155,000.”
in the Secretary of State’s office by these companies. The
Michigan Central.—At a meeting of the directors a dividend
consolidated company is to be known as the Lake Erie & West¬ of four
per centum was declared, payable on Monday, the 2nd
ern Railway Company, and its capital stock is fixed at $7,000,day
of
February,
1880.
000.
The terms of consolidation provide that the present
The following statement for the year 1879, as compared with
stockholders of the Lake Erie & Western shall receive $3,000,000
1878, was presented at the meeting by the Treasurer, Mr. C.
of the new
11*4
6*9
4*2
5*7
stock, and those of the Lafayette Muncie & Bloom¬
The first Board gf Directors of the consoli¬
dated company are George I. Seney, Watson H. Brown, John
T. Martin, E. H. R. Lyman, Alexander M. White, C. R, Cum¬
mings, J. H. Cheney, Daniel P. Ellis, Charles Foster, Calvin S.
ington $4,000,000.
Price, and John S. Newberry.
The new company has a contin¬
uous line from Bloomington, Ill., by way of Muncie to Fremont,.
O., and proposes to have a continuous line to Sandusky, O.
Lake Shore & ‘Michigan Southern.—The directors of this
company declared a half-yearly dividend of 4 per cent, payable
February 1st. The following is the statement of the business
December 15, says: “The
were sold to-day by United
Vanderbilt:
1879.
Gross
earnings
(December
mated)
partly esti¬
.
(62*96)
$2,721,100
Net earnings
Interest and rentals
Balance
per share
Equals
Balance for 1879
$7,345,700
4,624,600
Operating expenses and taxes
Percentage of earnings.
-.
appropriated
as
1878.
$6,991,700
4,367,200
(62*46)
$2,624,500
1,620,000
1,649,900
$1,101,100
($5 87)
$974,600
($5 20)
follows:
'658
1HE CHRONICLE.
Dividend
per cent August, 1879
Dividend 4 per cent February, 1880
$281,100
749,500
Construction—Land
The only
for land.
charge to construction during the
Included in
60,500
$1,101,100
year was
operating
expenses are the following items: $50,new and additional
cars; the cost of 5,000 tons steel
rails in excess of value of
iron, and renewal, in
000 for
iron, of wooden
$50,000.
The road, equipment and
property have been fully maintained
xtt a high standard.
Missouri Kansas & Texas.—The Union Trust
Company has
issued a circular in regard to
Denison & Pacific and
extending
the
Denison & Southeastern roads in
Texas,which sets out that parties
furnishing funds for new roads may subscribe and receive one
bond of $1,000, and one share of
$100, for each $1,000 sub¬
scribed, the bonds to be delivered to them, the stock to be
placed with the Union Trust Company upon certain conditions
mentioned. Bonds are to be issued for actual
cost of roads,
bearing 10 per cent interest, secured by first
mortgage
upon
the roads, and subscribed for
by
at 90 per cent.
stockholders
If 7 per cent is paid in
any one year, there shall be no foreclo¬
sure for the
balance, but it shall remain due and be paid out
of first earnings of
succeeding years.
Nashville Chattanooga & St. Louis—St.
Louis & South¬
eastern.—The Nashville
Chattanooga & St. Louis Company is
^reported to have obtained control of the St. Louis & Southeast¬
ern from Evansville to
St. Louis, and
having previously
obtained control of the Owensboro & Nashville
road, which is
to be extended to
Evansville, the Nashville & Chattanooga will
in a short time have a direct line from St.
Louis to Atlanta, Ga.
Peoria Decatur & Evansville.—At
Springfield, Ill., Dec. 12,
the
bridges at
a cost of about
consolidation of the Pekin Lincoln & Decatur and
the
Decatur Mattoon & Southern Railroad
Companies was per¬
fected, the articles of consolidation
being filed in the Secretary
'<of State’s office.
The consolidated
company is called the
^Peoria Decatur & Evansville
Railway
Company. Its capital
stock is $5,000,000, of which it is
that $2,000,000 shall
agreed
be issued at once for
purposes of the consolidation, and the
remainder by the directors as
may be required in obtaining
means with which to
complete and extend the road from Pekin
to Peoria, or from Mattoon to
Evansville. The terms of con¬
solidation also provide for
issuing $1,287,000 first mortgage
bonds, secured on the line from Pekin to
Mattoon, and $858,000
of income bonds, secured on the net
income of the line. The
line of the new
company extends from Peoria to Mattoon, and
thence to Evansville, Ind., about 250 miles.
The director are :
€ R. Cummings,
George I. Seney, John F. Martin, E. H.
R.
Lyman, John B. Cohrs, Eli Wiley, Edward Richards.
officers are : President, C. R.
B. Cohrs ; Secretary, B. G.
During the
LANDS DISPOSED OF.
ending November 1, 1879, the company has
land for $936,883.
Emigration to lands
along the line of the road is very large and
in excess of last
$10,000 year’s.
10,000
Surplus
[ v'ol. ixu;
The
sold 220,781
“
year
acres of
The road is in
FINANCIAL CONDITION.
a
prosperous condition, and promises this
year to show gross earnings of over
$13,500,000, with operating
expenses reduced to about forty-two
per cent of earnings.
Out of the net earnings it
can, in our opinion, pay its bond¬
holders their interest and
comply with the directions of the
Funding bill, which sets apart twenty-five per cent of its net
earnings, and still leave the stockholders seven and a half per
cent. Quarterly dividends of one and a
half per cent are al¬
ready made.”
BRANCHES OF THE MAIN LINE.
The policy of the
company has been to foster its branches
until they become
self-sustaining.
This is good policy, since,
for example, on
through traffic with points on the Utah &
Northern it gives the Union Pacific a haul
over the entire line.
The appendix which
accompanies the report contains an
elaborate statement of feeding lines of railroad
built or pro¬
jected and connecting with the Union Pacific
Railroad—namely,
the Omaha & Republican
Valley Railroad, the Omaha Nio¬
brara & Black Hills Railroad ;
the Hastings & Grand Island
Railroad, the Utah Central & Utah Southern Railroad, the
Utah & Northern
Railway.
—The November business of the Land
Department of the
Union Pacific Railroad
Company is reported as follows : Acres
sold, 16,762 ; amount for which sold, $76,153;
average price
per acre, $4 54-3 ; number of purchasers,
176; average acres
to each, 95*23.
—Messrs.
Drexel, Morgan & Co. and Winslow Lanier & Co.
again offering a loan of one of the most prosperous rail¬
roads of the country—the
Chicago Burlington & Quincy. These
bonds are secured by a trust
mortgage of its main line and
branches in Iowa and Missouri,
689 miles of road. The
covering
issue is $3,000,000 5 p. c. 40
year sinking fund bonds ; principal
due October 1,1919 ; interest
payable in New York April 1 and
October 1. The sinking fund and land assets on
hand, October
1, 1879, exceed the amount of the previously-issued
bonds, for
the redemption of
are
which these assets are
pledged, and thus
rendered the property
substantially free from incumbrance.
The average net earnings for this
year have been at the rate of
$4,168 per mile. The proceeds of all the bonds issued under
this mortgage are to be used
only for construction and equip¬
ment maae and acquired, or to be made and
acquired, on the
main line and branches in the States of Iowa and
Missouri, or
for the
purchase of the prior bonds.
Cummings; Vice-President, John
—Subscriptions to $3,000,000 of capital stock of the Colorado
Mitchell; Treasurer, R. A. Bunker. Central Consolidated Mining Company of
Georgetown, Colorado,
St. Louis Alton & Terre Haute.—As
to the rumor that Mr. has been recently opened for 100,000 shares in this
city by the
Samuel J. Tilden and Mr. Charles Butler had
compromised the following well-known houses: Messrs. Dodge, Potter & Co.,
claims for bonds retained
by them as members oFfhe Purchas¬ Baltzer a Lichtenstein, and Knoblauch & Lichtenstein, 29 Wil¬
liam street, New York. This
ing Committee, Mr. Adrian Van Sindeien, counsel for the
property consists of seventeen
pros¬
ecuting committee, said to a Herald reporter :
mines, all more or less developed, and parties competent to
*;The plaintiff in this case is the
corporation itself-'-the St. Louis judge put the yield of one of these mines as high as $60,000
Alton & Terre Haute Railroad
Company. This is, of course, the per month. Capitalists and parties desiring mining stock will
nrw corporation, and
they claim that they are responsible
do well to
only to
the stockholders and bondholders of
the old corporation. Russell
about two weeks ago
Sage
compromised the suit against him because he
evidently thought it was cheaper for him to do so than to
fight it out.
fn July, 1878, we settled with
the Bayard estate. The
was not
begun for any specific amount, but to bring the members of suit
the Purchas¬
ing Committee to an accounting in respect to securities received
from the
company in order to settle the
obligations of the old company. The
Bayard estate paid us $100,000 in ten per cent
equipment bonds. Sage
settled for the same
amount, and we have offered the same figure for a
settlement to Mr. Tilden and Mr. Butler.
Whether they will accept the
offer or go to trial is not for me to
say.” \
St. Paul
examine the merits of this
of the stock is only $10 per share.
property.
The
par
value
—Messrs. Geo. Wm. Ballou & Co., No. 8 Wall
street, New York,
offering in this city, and Messrs. Chas. A. Sweet & Co. in
Boston, the Cincinnati Hamilton & Dayton R. R. Co. first
mortgage 6 per cent consols, due 1905, issued on main line to
redeem maturing first mortgage bonds. These bonds will
be
are
sold for cash or exchanged for
maturing first
due May 1,1880. It is 26 years since the
mortgage bonds
completion of this
expenses and interest
Minneapolis & Manitoba.—The last rail
and the average net earnings over
the road,
are said to have been
Fergus Falls division was laid December 4, completing upon
$290,000 per annum.
the line
•from St. Paul, via St.
Cloud, to Barnesville, Minn. The dis¬
—Messrs. L. P. Bayne & Co.,
formerly financial agents of both
tance from St. Paul to Barnesville
by this line is 222 miles, or the Green Mountain Gold Mining Company and
25 miles less than by the other line of this
the Plumas
Gold Mining Company, have withdrawn from the
company.
former as
Union Pacific.—The Government directors
of the Union such, and it is said the Plumas will be reorganized about Jan.
Pacific Railroad Company
have submitted to the Secretary of 1, under the laws of the State of New York and put into vigor¬
the Interior their report for the
year 187S-9. In prefacing the ous'operation.
report the directors say :
—Mr. F. E. Trowbridge, banker and
broker, Drexel Building,
From the 1st day of
July, 1861, when the act of Congress New YTork, has just been elected a member of the New York
was passed
incorporating the Union Pacific Railroad Com¬ Stock Exchange. Mr. Trowbridge was formerly treasurer of
pany, np to the 7th day of May, 1878, when the Pacific
the West Wisconsin Railroad, now the
Rail¬
Chicago St. Paul & Min¬
road Funding bill became a
law, there had been continual neapolis.
■conflict between the
company and the United States Govern¬
—Attention is called to the list of bonds wanted
ment. The point in
by Mr.
dispute has been in what way, at what Charles T. Wing, corner
Broadway and Wall streets. Mr.
times, and in what sums, the debt to the Government should
be Wing has a reputation in his line of business in this
paid. The Funding bill settles these questions and declares Parties
city.
desiring to sell will no doubt find fair dealing.
that the company shall
pay $800,000 annually to the Govern¬
—Attention is called to the dividend notice of the
ment in addition to one-kaif the
Green
earnings
on Government Mountain Gold
Mining
account, or a sum which, added to such
Company
in
another
column.
This
half, would equal company now
pays a monthly dividend of 5 per cent, the next
twenty-five per cent of net earnings, all to establish a
sinking one to be paid on the 24th inst.
"fund with which to pay, at its
maturity,
their
whole
indebted¬
ness.
—Attention is called to the semi-annual dividend declared
by
The road-bed is mentioned
the Metropolitan National Bank, N.
Y., of 5 per cent, payable
very favorably, and on Jan. 1,
on
1880, there will be 511 miles of steel rails of
January 5,1880.
’
good quality in
the main track, or about half the
—Attention
is
line. More steel rails have
called to the dividend of the
been laid the present
Metropolitan
year than in any year before.
(Elevated)
Railroad
Company in another column; also, the
Twenty
thousand tons more of steel rails have
been purchased or con- payment of the coupons on the 1st
mortgage bonds..
traded for at the date of this
report,
and will be laid this
—The Bank of New York has just declared a
fiscal year. The road will then
dividend of 4
have about seven hundred percent,
payable on January 2, 1880.
.and thirty-nine miles of
single track, steel rails about three—The Continental National Bank
fourths of its length.
pays a dividend of 3^ per
-
-
cent, January 2,1880.
'
December 20,
THE CHRONICLE.
1379.!
659
WM (&ommzxtml jinxes.
OOTTON.
COMMERCIAL EPITOME.
The Movement op the Crop, as indicated
by our telegrams
from the South to-night, is given below.
For the week ending
this evening (Dec. 19), the total
Friday, P. M., December 19, 1879.
Friday Night, December 19, 1879.
The markets for the past week have witnessed a
very fair
movement for the season, so far as relates to the
regular trade,
but speculative values of domestic products have been
uniformly
weak or declining. Business, of course* has assumed a
receipts have reached 218,907
bales, against 234,876 bales last week, 216,167 bales the previous
week, and 249,152 bales three weeks since, making the total
receipts since the 1st of September, 1879, 2,804,948 bslc2, against
2,376, 1j5 bales for the same period of 1878, showing an increase
since September 1, 1879, of 428,793 bales. The details of the
receipts for this week (as per telegraph) and for the corresponding
weeks of four previous years are as follows:
holiday
character, and no revival can be expected till sometime in
January. The weather has become more wintry, and in sections
the frost has been
very severe.
In provisions more firmness has lately been
apparent, after a
period early in the week of weakness and material declines. Receipts tliis w’k at
To-day a further slight improvement was reported, and quite a New Orleans
fair trade consummated. Mess pork sold on the
spot at $12 25 Mobile
@12 50, and new mess for February at $13 45, and for March
Charleston
at $13 50.
Lard was fully 10c. per 100 lbs. higher, with
Port Royal, &c
new Western sold on the
spot at 7‘70@7*72^c., and old Savannah
7*60c.; old for January sold at 7'52%@7*57%c., and new,
Galveston
7'72%c.; old, for February, 7‘65@7*67%c., new at 7*75@7 82^c.;
new, for March, 7*85@7*90c.; refined, for the Continent, sold Indianola, &c
Tennessee, &c
at 8@8*10c. Bacon ruled about steady at 7%c. for long
clear, Florida
and 7Me. for short clear. Cut meats were easy and dull.
The latest reports of winter hog packing in the West state the North Carolina
number of hogs packed from Nov. 1 to Dec. 10, at 2,503,750, Norfolk
against 2,364,830 same time last year. The following is a com¬ City Point, &o
parative summary of aggregate exports from Nov. 1 to Dec. 13 :
Total this week
1879.
59,967
17,773
Pork..
lbs. 11,034,200
Ibs. 95,485,481
lbs. 53,682,523
Bacon
Lard
1878.
Increase.
10,612,800
1876.
73,392
25,658
22,355
1,455
31,242
29,854
36,164
19,017
59,619
19,143
24,300
22.763
476
582
993
12,275
9,930
1,000
6,385
20,487
13,546
22,238
396
392
28,388
19,441
25,909
25,694
20,740
1,233
9,538
593
2,328
978
4,763
10,401
3,862
19,088
5,724
7,822
22,101
3,986
218,907
204,882
231,594
28,287
Decrease.
1875.
561
455
27,245
24,916
23,780
20,168
'
443
949
6,322
23,236
1,108
171,596
196,631
Total since Sept. 1. 2,804,948 2,376,155 2,103,281 2,399,430
2,154,159
421,400
101,207,370
49,538,088
1877.
71,535
24,264
20,484
746
...
1879.
1878.
5,721,889
4,144,440
The exports for the week ending this evening reach a total of
111,890
bales, of which 73,263 were to Great Britain, 6,715 to
161,358,253
"7777TT7777
7
France,
and 31,913 to rest of the Continent, while the stocks as
Butter and cheese have latterly been more active and quite
made up this evening are now 809,498 bales.
Below are the
firm. Tallow more active at 6%c. for prime.
Rio coffee has fallen to 15%c. for fair cargoes, and has been stocks and exports for the week, and also for the corresponding
week of last season.
quiet all the week; the close is rather firm, however, as it is
stated that the stock here—149,961 bags—cost much higher
Week
EXPORTED TO—
STOCK.
Total
Same
this
Week
prices in Rio Janeiro than are now ruling in this market; mild ending
Great
Conti¬
1878.
1879.
1878.
grades have sold to only a small extent, but have, in the main, Dec. 19. Britain. France. nent. Week.
Total
been
,
.
160,202,209
steady, though somewhat nominal in price, owing to the
slowness of trade; the stock here
Hlids.
Receipts since Dec. 1,1879
'
stated
few
days ago at
48,526 bags and 31,640 mats of the various descriptions. Rice
has been quiet and easier, though without marked change.
Foreign mola sses has been dull and nominal, but New Orleans j
has been fairly active and firm, with the closing prices the
same as a week ago; there has been some advance at New
Orleans, which has strengthened the market here. Raw sugar
has been more active on the basis of 7%@7%c. for fair to good
refining, and the market closed firm; these figures are adjusted
to the quotations for refined, and represent about the actual
value of raw grades for several weeks past, though importers
have declined to accept them.
was
8ales since
Stock Dec.
Stock Dec.
Stock Dec.
Dec. 1,1879
17,1879
18,1878
19, 1877
10,830
5,658
35,017
36,252
34,339
i
Boxes.
888
799
10,854
11,199
15,226
a
Basra. Melado.
147,535
215
8,379
160
541,180
1,195
2,582
355,396
110,439
13
Refined has sold
fairly at higher prices; crushed 10%c.;
granulated, 9%@9%c
The export demand for Kentucky tobacco, noted last week,
has almost wholly subsided, and the sales for the past week are
only 300 hhds., of which 250 for export and 50 for home con¬
sumption. Prices, however, are supported, and the current
quotations are : Lugs, 3%@5%c.; leaf, 6@14c. Seed leaf has
(continued moderately active, and the sales for the week are
'
all
of 1878, as follows : 425 cases Ohio 6@14c.,
400 cases Pennsylvania 10@16c., 300 cases New England ll@3,0c.
The demand for Spanish tobacco has continued very fair, and
sales embrace 760 bales Havana, 80c.@$i 05, aud 152 bales Yara,
I aud II. cut, private terms.
Naval stores have, as a rule, been quite firm during the week,
fine grades of rosins particularly, which are in short supply and
active demand ; strained to good quoted at $1 50@1 60~; spirits
turpentine closed at 41c., in sympathy with full Southern
1,125
cases,
;
refiners
only nec¬
essary lots; refined, in bbls., quoted at 8%c. United certifi¬
cates have also had a serious decline, having touched $1 10,
but reacting at the close to $114%. Rails are in active request,
limited suppljr, more or less excited, and much higher; fully
50,000 tons steel, iron and old iron have been sold during the
week for 1880 delivery; steel, now held at $70@72 50; iron,
$55@60; and old do., $34@37.
American pig iron has also
shown a marked improvement and much activity; 50,000 tons
forge have bem "sold, quoted at $28 ; and for No. 1 Thomas
large contracts have been made at $30. Scotch pig, though
arriving heavily, is better sustained and more active ; sales of
3,000 tons are reported at a general improvement of 50c.@$l per
ton. Ingot copper remains about steady, with 150,000 lbs. sold
at 21%@21%c. for Lake. Clover seed, 8%@9Mc. per lb.
Ocean freight room has been sparingly taken. The offerings
of tonnage are excessive, and present rates are low and weak,
giving cause for much complaint to shipowners and agents.
Late engagements and charters included: Grain to Liver¬
pool, by steam, 3%d., 60 lbs.; provisions, 25@30s; sack flour,
20s.@22s. 6d.; grain to London, by steam, 6d. To-day, busi¬
ness was neglected and rate3 irregu'ar.
Grain to London, by
steam, 6d.; do., by steamer to Naples, 5s. 6d. perqr.; do. to
Bristol, 4s. 3d.; do. to Bilboa, 5s. 6d.; crude petroleum to
24,455
Mobile..
6,715
....
CharlTn
Savan’h.
5,512
12,482
7,339
8,422
4,870
10,182
Galv’t'nN. York.
Norfolk-
Other*..
39,872
8,702
....
....
2,280
16,762
14,032
13,247
10,645
4,870
12,462
31,913
111,890
....
....
....
....
....
—
44,567 290,261 279,782
4,383 57,493 62,348
16,076 68,886 85,857
15,392 91,500 76,963
8,780 84,102 114,528
7,277 102,533 77,999
....
11,250
1,550
5,908
2,223
....
10,273
11,741
66,723
48,000
28,602
35,000
Tot. this
week..
6,715
73,262
118,489 809,498 761,079
Tot since
flMvti. 1. 1043.024 139.659 350.630 1533,313 1268.335
•••••*
The exports this week under the head of “ other ports” include, from Balti¬
more, 1,980 bales to Liverpool, and 2,280 bales to the Continent-; from Boston,
0,708 bales to Liverpool; from Philadelphia, 000 bales to ^Liverpool from
*
Wilmington, 834 bales to Liverpool.
From the
foregoing statement it will be
seen
that, compared
decrease
with the corresponding week of last season, there is a
in the exports this week of 6,599 bales, while the stocks
to-night
48,419 bales more than they were at this time a year ago.
In addition to above exports, our telegrams to-night also give
us the following amounts of cotton on shipboard, not cleared, at
the ports named.
We add also similar figures for New York,
which are prepared for our special use by Messrs. Carey, Yale &
are
Lambert. 60 Beaver street
crop
advices. Petroleum has been on a downward course
have extended more liberal orders, but exporters take
Havr^, 3s.
N. Orl’ns
On
Dec.
19, at—
Liver¬
pool.
New Orleans...
63,272
8,900
2,200
16,000
14,187
...
Mobil©
Charleston
Savannah
Galveston
New York
Other ports
1
Shipboard, not cleared—for
France.
21,842
3,850
3,486
4,000
15,000
None.
None.
None.
121,509
33,178
1,950
Total
:
Other
Foreign
'
6,636
2,600
8,650
15,000
2,921
Leaving
Coast¬
wise.
6,561
1,900
1,300
Total.
Stock.
98,361
17,250
191,900
100
None.
15,636
39,000
24,988
*2,850
2,000
6,000
23,000
57,957
27,641
4,000
7,S80
|
40,243
53,250
52,500
59,114
99,683
91,723
221,085 | 588.413
♦included in this amount there are 800 bales at presses for foreign ports,
the destination of which we cannot learn.
The
our usual table showing the movement of
ports from Sept. 1 to Dec. 12, the latest mail dates:
following is
cotton at all the
RECEIPTS SINCE
SEPT.
Ports.
1879.
N.Orlns
Mobile.
Char’n*
Sav’h..
656,733
195,992
312,409
472,490
Florida
300,867
59,096
6,941
N. Car.
73,187
Norf’k*
410,796
Other..
97,530
Galv.*.
N. York
1.
1878.
410,299
157,439
334,871
440,369
328,196
53,490
24,912
84,886
280,054
56,757
Great
Britain.
263,578
20,363
84,374
100,393
97,471
171,938
....
16,695
115,391
99,559
France.
87,173
Other
Foreign
77,24?? 427,995 268,755
20,363
....
6,061 72,385
4,204 107,875
19,764 14,637
15,742 27,o8o
....
....
....
5,003
....
Stock.
Total.
2.46(1
11,009
163,320
212,472
53,043
68,850
93,876
131,892
89,064
215,265
81,348
....
21,698
117,851
110,567
m m
mm m m
14,610
61,377
22,500
969,762| 132,944 318,717 1421,423 753,432
rhis yr. 2586,041
Last ye ar
EXPORTED SINCE SEPT. 1 TO—
2171,273
701,127124,791
323,923'1149,846
699,334
Under the head of Charleston is included Port Royal, &c.; under the head of
Galveston is included Indtanola, &c.; under the head of Norfolk, is included Ctty
Point, &c.
♦
0
0
2
.
5
0
6
.
1
4
3
0
0
5
.
9
6
6
0
0
7
.
3
5
0
4
.
0
0
7
.1
4
1
0 711
2
0
2
.
1
0
8
.
3
0
2
0
0
3
.
3
6
4
.
5
0
.
4
6
0
0
4
.
4
5
.
8
6
.
2
000000
3
3
2
5
3
8
4
5
3
8
1
6
4
8
5
7
.
4
8
1
2
.
7
0549 3 .8
2
660
IHE
CHRONICLE.
000
0
3
.
1
0
3
.
1
0
0
3
.
2
0
2
.
1
1
3
4
1
7
2
6
0
8
.
2
0
8
0
0
1
0..0.000036594715..5231.029514.6.12.41
The
speculation in cotton for future delivery has shown no
activity or in the attending excitement..
Prices gave way rapidly
throughout Saturday and Monday, and
further declined en Tuesday
morning. There was some recovery
on Tuesday
afternoon ; and on Wednesdav morning great buoy¬
ancy prevailed, followed in the afternoon of the same day
by an
important decline, carrying prices below the figures of the pre¬
vious Friday. The opening on
Thursday was lower, in sympathy
with Liverpool advices, but the close was at considerable
advance
on the previous
day. The fluctuations have no other cause,
apparently, than speculative manipulation, and the market is
very much in the hands of brokers.
To-day the market was
irregular and feverish, the early months and the later months
advancing.
The extent of the decline in futures in one week
may be seen
in the annexed comparison :
Bales.
Cts.
12-63
12-64
.12 65
12-66
1267
12-68
4,00'J
abatement either in
Bales.
I vol, xxix.
Cts. Bales.
1270
3,000
12*71
2,000
..12-72
1.600
12-73
500
12-74 4
300
12-75
0,300
12-76
12 77
12-78
2,000
12-79
Ct».
13-35
13-36
Bales..
Cts*.
-
100
200
.13" 48-
000. 0000867356858671738926451,...2143126...457863745.91197.,500. 20.
5
500
3,700
3,700
400
6,600
12-69
12'70
12-71
12'72
4,000
13-37
13-38
13 39
13-40
13-41
13-42
.....13-43
600
13*53'
200
200
13-50
13 58
200
100.
!,600
12-83
600
Middling Uplands.
Tuesday,
Dec. 9.
Dec. 16.
Highest.
On the spot
For January
For February
For March
For April
For M ay
For June
For July
For August
Lowest.
13i2C.
13-SOe.
14-08C.
14-28c.
14-48C.
12-79c'
1470c.
12*93c‘
14-84c.
14*88c.
15-00c.
13-lOc
13-20c
1238C.
12*16c
12*40c
12-63c'
heavy losses.
Spots have been quiet. Middling Uplands declined to 12|c. on
Tuesday, a reduction of ll-16c. from the previous Friday but
recovered £c. on
Wednesday. To-day spots declined l-16c, Mid¬
dling Uplands closing at 12 11-16c.
The total sales for forward
delivery for the week are 1,127,700
bales, including — free on board. For immediate delivery the
total sales foot up this week 2,744
bales, including 22S for export,
2,204 for consumption, 312 for speculation, and
in transit. Of
the above, 200 bales were to arrive. The
following tables show
UPLANDS.
Dec. 13 to
Dec. 19.
Sat.
NEW ORLEANS.
Mon Toes
Sat.
TEXAS.
Mon Toes
Sat.
Mon. Toes
Ordin’y.$fl> 113i6 lUie 101316 11516 11316 lOioie 11*16 ii3i8
Strict Ord.. 119i6
11V H316 lllllo 11016 If *16 IIH16 11%6
Good Ord.. ll'he 1113i6
11916 12*16 1U%6 lljhe 12%6 Hl*16
Btr. G’d Ord 12316 121i6 lH3ie
12*16 !2;i6 Hlo16 1.20X6 12316
Low Midd’g 127i6 12516 12116
12916 127i6 123i6 129,6 127i6
Btr. L’w Mid 12%
Middling... 12 34
Good Mid
13
Btr. G’d Mid 13%
Midd’g Fair 1334
Fair
14%
12i«
1214
123s
125s
12%
133q
14i8
125q
12%
..
1310
13V
1438
Wed
Th.
Frl.
Ordin’y.$lb n-Uo 1H16
Strict Ord.
Good Ord..
Btr. G’d Ord
Low Midd’g
Btr. L’w Mid
11U6
1H316
12ii«
125,6
H%6 113s
111310 11%
12116 12
12*16 12%
12%
12%6
12%
125s
127s
1318
1358
143s
Middling...
Good Mid..
Btr. G’d Mid
Midd’g Fair
Fair
11
125s
1S?i6
12%
12%
125g
12%
1234
1318
133s
13%
145g
13
13%
1334
14%
Wed
STAINED.
125g
12%
125g
12%
13
113i6
119i6
12316
12716
13
13%
13%
14%
.# lb. 105s
11%
12ii«
12%
12%
1278
12%
13
13
13%
1338
13%
14%
13%
14%
Frl.
111*16
Sat.
Good Ordinary
Strict Good Ordinary
Low Middling
Til.
ll-He
11916
111516
123i6
I27i6
12i*»i6
13116 13%
13916 13%
145ie 14%
1318
1350
14%
123s
12%
12%
113x6
11916
ll16lb
123x6
127x6
1238
129,0
121%6
121516
133,6
131116
14716
123Q
12%
12%
12%
12%
13
13%
13%
14%
12-88
12-89
800
£00
12-90
12-91
1,000
12-92
400
700
111°16 11%
123x6 12%
127x6 12%
12%
129x6
12%
1211,6
13
121516
13%
133x6
13%
13i%e
14%
147x6
Th.
10%
115h
For
Fehruary.
12-40
600.
.12-42
1,400.
8POT MARKET
CLOSED.
Ex¬
Con-
Bat.. Nominal, 616 dec.
Mon Nominal, is dec..
297
584
250
329
370
374
.
Tues. Quiet at % dec...
Wed Dull&nom,%adv
.
228
Thurs Weak
Fri. .'Dull,nom,lie dec
Total!
Spec- Tran¬
port. sump. ul’t’n
2 >0
12-54
6,000
1255
12-56
40U
12-57
1.700.
228
2,204
297
584
362
557
570
374
....
i*12
20*6
312
*
Total sales, 1,127,700 bales.
The daily deliveries given above are
actually
vious to that on which they are reported.
181,900
158,300
246,700
271,600
145,400
123,800
2,744
....
Deliv¬
eries.
Sales.
*
800
900
900
700
1,300
500
5,100
delivered the day
pre¬
For forward
delivery the sales have reached during the week
1,127,700 bales (all middling or on the basis of middling), and the
following is a statement of the sales and prices :
For December.
Bales.
Cts.
800
800
12-10
Tua
1 ft* 1
600....
12-13
200
600
12-20
100..
...1230
200
.12-86
200 8.n.l7thl2'38
100.
.12-38
100 s.n !6thl2-40
300
12-40
100 s.n.l7th!2 41
700 s.n. !6ihl3-45
100 s.n. 2 thl2 46
10©
12*46
200 s.n JOth 12-47
1,900
.12 47
100 s.n.kth i2'48
1,400
.....12
2,300
12-49
..
...
...
..
...
Bales.
Cts.
100
S.n.2Cthl2-50
3,600
100 s.n. 220.12-51
onn
2,100.
,
12-52
...
700....
Bales.
Cts.
100 5.n.20thl2-75
200 8.0.22d .12-75
300 s.n.l8thl2-89
23,100
For
100 s.n. 2tth 1254
100
.12-54
1,000
12-55
200
12 56
200
1258
100
3.0
100
12-61
1262
voo
600
12-03
400
12-64
200
.12-66
200
12-07
900
12*08
200
100
-
...
...
800.
900
4,500,
2,500
600
800...
800
1.700
1,100
200
800
1,600
Cts.
1,800
300
300
.1216
.12-L7
.1218
800....:
2,900
100
20:*
.12-19
.12-20
2.700
.12-21
.1222
3,90'
1,500
.1223
.1224
.12-25
.12-26
.12-27
.12-28
.12-29
.12-30
.lt-31
i
.1248
.12-49
.1250
900
500
2,900
800
300
5.700
s,ieo
£00
400
5.700
1.900
2,700
.....
13-14
13*15
1310
13-17
13-18
13-19
13-z0
13-21
13 22
6,000
7,000
12-62
1,100
12-70
12-71
Ot)0
100
12-72
1274
12"75
12-16
12-77
12-78
12-79
12-80
12-81
7,*00
9,00 »
800
12-82
800
12-84
3,b00
11,200
8,600.
15,700
6.700.
13-J 3
.13-14
.13 15
13-16
.1317
13*18
12,600...,
3,000
800
For
500
500
800
500
12-82
'.283
900
2,300.
12-85
12-86
700
800
1287
12-88
12-89
2,000
12-90
400
12-91
1,200
12-92
100
100
600
12 93
12-94
1295
1,500
1,300
12-66
12*97
100
1298
1313
13 23
600
100
400
200
13-24
1,300
13-21
700
13-22
1263
12-e4
12-65
13-24
2,700
1,400
13-25
13 27
100
100
400
13-28
13-29
13*30
1,600
3,000
13-32
200
13-34
12-66
12-67
100
12-68
12-69
13 24
13-54
.13-55
2,900
13-56
13 57
2,400
1358
900
800
100
13-59
13-00
13-01
600
13-08
13-69
13-70
13-71
13-85
13-87
13-88
13-89
..13-90
13'91
13-98
13-95
13-90
13-98
1399
14-0014*01
14-02'
14-03
14 06
August.
13-25
13-20
1335
1340
13-45
200
100
100
200
100
800
900
13-50
13-65
13-08
18-74
1387
13-88
13-93
13*95
13-50
300
200
100
13-77
600....
13-78
13-79
13-80
13*81
13-82
400
13-97
13*98
.V...13-99
14-00
14 02.
14-04
300
14-05
600
700
500
14-07
14 10
1412
14,000
400
13-13
1,200
13'14
300
13 15
18-10
13 17
13-19
...13 20
13 23
600
600
500
800
600
600
400
400
1384
200
300
100
100
900
100
200
1,000. ..'..#**.13*47
1,200
13-48
.13 10
13-12
100
200
200
1,300
For
200
100
600
100
100
13-74
13-75
13-76
5,000
...13-80
13-62
.....13-83
12,900
..13-73 '
...
13-30
13-31
13-35
13-30
1338
13-50
13-62.
13-05
13-07
13-7013-72
1375
13-76
13-79
£00
200
200
400
500
13-62
13 63
13-04
13-65
13-06
13-67
1,20©
1,000
1,300
13-22
18-27
13-26
13-27
13-28
13-30
13**2
13-33
13-45
For September.
100
12-79
400
12-80
100
12*82;
600
13-20
200
13-24
400
1330
1,800
For October.
12-00
200
100
12*14
12*25
12-39
12-40-
300
300
3U0
1,200
made during the week:
*1
rx/T
4ovnb
1AA 1To/i
■#
*15 pd. to exch.
100 Dec. for
Jan.
*34 pd. to exch. 100 April for June.
*14 pd. to exch. 100 May for June.
of prices paid for futures at 3 o’clock P. M. on each day:
A
Range
13-20
200
3 0
2U0
13’52
The following exchanges have been
To
*26 pd. 4"
exch. 700 Jan.
for UaL
to Av/»h
Feb.
*07 pd. to exch. 100 Dec. for March.
*26 pd. to exch. 300 Feb. for March.
•OA rvd
For July.
1,000
100
500
18-53
For June.
13-33
13-94
800
13-46
..13-47
:13*48
13-49
13-50
04,100
IS'16
13*18
13-20
100
13-43
13-44
800.;
13-23
333,500
13-41
13-42
700
200
800
100
13*02
13 09
13-40
18-72
1301
1393
500
500
300
700
1335
13-36
13 37
13-38
13*39
800
700
700
200
,13-00
2,900...
1,200
1,700
.13-20
300
100
13-89
13-90
13-91
13-92
100
100
200
100
300
300
600
200
100
200
.13-51
1386
13-87
13-88
400
400
1300
13-07
.13 08
.13-11
13-12
13-13
1314
1315
13 16
13T8
1,300
1,800
2,000
13-63'
13-84
13-85
400
800
900
600
500
100
200
500
700
400
900
200
700
100
700
100
600
900
200
3,400....,
1,800
1,600./.
12-84
13-82
100
500
500
*12-80
12-81
1,600.
13-81
900
13-03
1,300
1378
13-79
13-80
2,000
1304
13-05
13-43
12-78
400
400
13-42
..12-79
100
50,100
13-45
April.
13-69
13-70
13-72
13-74
13 75
....13 76
13-77
1,600
1,600
100
100
:00.
500
13-44
2,900
1321
1,5r 0
1,000
1300
13-40
.13-41
1,100
For March.
3,000
100
100
100
100
13-03
13 04
13-05
13-08
13 32
12-97
12-98
1,700
.13-45
13-40
13-47
2.200
371,900
,13*20
400
1,300
1295
1296
300
200
13-38
13-39
400
200
100
800
13-19
500
1,4»<0
*
13 30
13-31
13-32
13-33
13 34
13 35
13-36
13-37
10,600
13-10
13*11
13-12
For May.
700
12-93
13-25
13-20
13*27
13-28
15,300
0,100
13-08
lo*09
7 100
110,100
13-29
13 00
13-07
9.400
900
700
1,500
1,000
13-59
13-60
.13-01
13-62
13-03
13e4
13-65
400
500
..13-68
1,100
13-57
13-58
800.
300
1323
9,000
9,000
15,000
1283
12-85
12-86
1287
12-88
12-89
12-90
12-91
12 92
12 93
12-94
12-95
1296
1297
12-98
1299
13-00
13-01
13-02
13 03
13-04
.13-05
2,000
4,000
13 24
12-61
n
tAr«
a
Futures
Saturday.
Monday.
Tuesday.
Market.
Lower.
Lower.
Lower.
For
Day.
High. Low.
Dec’ber. 12-59-12-30
Jan’ry 12*73-12-50
Feb’ry. 1302-12*75
March
13-35-1305
April... 13-5013-21
13*65-13-37
May
June... 13-75-13-52
13-99-13-62
July
August. 13-88-13-65
.
.
...
...
Sept’br.
....
13-11
1312
13T3
12-60
800
January.
2,500
3,100
1,200
2,600
Bales.
600
12 59
.
200
1,200
13 07
13-08
13-09
1310
12*58
FUTURE8.
Total.
sit.
13-02
13-03
13-04
13 05
1306
12-47
12-48
12-49
12-50
12-51
12-52
12-53
...
1,000
1301
1246
MARKET AND SALES.
SALES OF SPOT AND TRANSIT.
800
12-43
12'44
12-45
1,000
2.500
2,800
13 00
145,000
Frl.
10%
11%
1298
12 99
100
10,000
10%
400
300
12-95
113l« 11%
Il9j6
12-97
12 93
Frl.
11%
900.,..
12-94
13%
14%
107,6
113s
119i6
1115i6 mile 1U*16 1U*16 11%
12716 12*16 12%« 125x6 125,6 12%
Middling....
12-87
13
Tit.
Mon Toes Wed
10%
11^8
1015x6
H*16
llHl6
111*16
12316
13%
13%
14%
Wed
11%
11%
117s
12%
1,000
0CC
12-95
1296
12-85
1286
3,400
2,300.
2,000
12-88
12*89
12*90
12-84
13-25c'
Some of the leading operators for the rise became
sellers to
realize profits ; and the “ short interest” was
greatly
increased.
The “ outside” operators suffered
12-82
12-83
12-84
12-85
12-86
12-87
2.100
400
100
500
300
12-81
12-82
13-44
13-45
13-46
13-47
13-48
13-49
1350
13-51
13-52
13-53
13-54
13-55
13-56
a.....1280
1281
3,000
12-80
0 37.1
Tuesday,
12-74
12-75
12-<6
12-77
12-78
12-79
13-65
13-07
200
00.0.0000039278369542861635...,04263189761823.14221.9.305.12311220.; 1,30.
8
12-73
13*50
13-52
1,000
October
Tr. ord.
Closed
.
—
—
.
-
Closing.
Bid. Ash
12-45
12-61
12*87
13 13
13-30
13-50
13-C4
13-71
47
62
90
15
33
52
66
75
13-78 82
—
—
12-50
Firm.
—
—
—
—
For
Day.
High. Low.
12-50-12-38
12-76-12-45
1303-12-70
13-32-12*95
13*53-13*13
13-68-13-35
13-81-13-45
13-91-13-56
Closing.
For
Day.
Closing.
Bid. Ask
12-31
12-46
12-69
12-96
13*13
13*30
13-44
13-55
14*02-13-68 13*61
13*30 - 13-25 - 1235
Weak.
—
—
High. Low. Bid. Ask
33 12-20-1210 12-21 23
48 12-35-12-16 12-35 30
70 12-62-12-40 12-62 63
— 12-90-12-63 12*89 90
14 1309-12-79 13 09 10
32 13-20-12-93 13-24 26
46 13-33-13-10 13-38 40
57 13-38-13-20 13-46 48
65 13-50-13-25 13-54 57
—
—
12-82-12-79
12-14-12-00
—
—
—
—
12-25
Strong. %
December 20,
Clo sing
The above totals show that the old interior stocks have
increased during the week 18,353 bales, and are to-night 25,079
bales more than at the same period last year. The receipts at the
lame towns iiave been 2,177 bales less than the same week last
Bid. Ask
year.
Futures
Wednesday.
Thursday.
Friday.
Market.
Excited.
Firmer.
Lower.
For
For
Closing.
Day.
Bid. Ask
Eigh. Low.
For Day.
Closing.
Day.
Low.
Bid. Ask High.
High. Low.
Dec’ber 12*70-12*47 12*53 55 12*64-12-48 12*66 67 12*63-12*50 12*52 54
•Jan’ry. 12*95-12*65 12*70 72 12*90-12*54 12*81 82 12*95-12*67 12*65 67
Feb’ry. 13*20-12*90 12*94 96 13*13-12*88 13*08
13*47-13 22 13*21
April... 13*65-13*37 13*39
May ... 13*82-13*54 13*55
June... 13*90-13*72 13*71
July... 14*01-13*87 13*82
August. 14*10-13*96 13*91
March
.
Sept... 13*30-13*20
October 13*25Tr. ord.
•Closed
.
—
—
-
13*24-12*95 12*94 95
22 13*40-13*17 13*36 38 13*49-13*19 13*20 21
40 13 59-13*32 13*55 57 13*62-13*40 13*40 41
56 13*75-13*52 13*71 73 13*79-13*59 13*60 61
73 13*90-13*70 13*86 88 13 94-13*75 13*75 76
85 13*96-13*82 13*95 97 14*06-13*83 13*83 85
94 14*05-13*95 14*04 06 14*12-13*97 13*92 94
13*24-13*20
13*25. —
—
—
—
—
—
—
—
—
12*70
12*55
Barely steady.
Firm.
The Visible Supply of Cotton, as
-
—
—
13*40-13*39
12*55
Weak.
Short notices for December: Saturday,
12*38;
12*40, 12*41; Tuesday, 12*09; Weduesday, 12*50;
Friday, 12*75, 12*46, 12*51.
Monday,
—
are
this week’s
,
12*45,
Thursday, 12*54;
and consequently
1879.
1878.
1877.
1876.
366.000
333,000
53,000
338,000
493,000
16,250
46,250
386,000
354,250 *
539,250
Stock at Barcelona
6,356
Stock at Hamburg
•Stock at Bremen
Btock at Amsterdam
Stock at Rotterdam.
Stock at Antwerp
Stock at other conti’ntal ports-
1,800
8,000
2,500
5,750
25,250
6,750
112,250
3,750
34,250
6,500
140.000
Stock at Marseilles
408,664
47,560
1,213
.
42,664
.
Total Great Britain stock
.
Btock at Havre
77,750
1,500
10,160
13,500
1,360
3,000
37,000
10,000
30.750
38.750
21,000
48,500
11,750
9,250
10,000
8.000
3,250
1,358
5,500
3,250
5,750
Total continental ports....
83,307
136,250
225,500
308,250
Total European stocks.. ..
India cotton afloat for Europe.
Amer’n cotton afloat for Eur’pei
491,97 L
79.719
675,985
522,250
59,000
579.750
38,000
847,500
108,000
Egypt*Brazil,&c.,aflt for E’r’pe
47,626
809,498
658,000
13,000
761,079
491,000
46,000
823,098
175.107
132,463
627,000
65,000
951,737
150,796
17,000
24,000
20,000
-Btock in United States ports ..
Stock in U. S. interior ports...
United Stf tes exports to-day..
200.186
18 ,000
2,322.985 2,205,436 2,134.311 2.770,033
Total visible supply
the totals of American and other descriptions are as
Of the above,
-follows:
American—
Liverpool stock
250,000
202,000
675,985
34,000
Continental stocks
American afloat for Europe....
United States stock...
United States interior stocks..
United States exports to-day..
809,498
200,186
18,000
174,000
230,000
658,000
761,079
175,107
491,000
823,093
132,463
627,000
951,737
150.796
17,000
24,000
20,000
96,000
170,000
192,000
1,987,669 1,909,186 1,814,561 2,171,533
Total American
East Indian, Brasil, <6c.—
Liverpool stock
116,000
131,000
49,307
79,719
59,000
42,664
London stock
Continental stocks
India afloat for Europe
16,250
55,500
38,000
46,000
13,000
47,626
Egypt, Brazil, &c., afloat
164,000
53,000
40,250
263,000
46,250
116,250
108,000
65,000
335,316 296,250 319,750 598,500
1,9«7,669 1,909,186 1,814,561 2,171,533
'Total East India, &c
'Total American.
Total visible supply
Price Mid. Upl., Liverpool—
2,322,985 2,205,436 2.134,311 2,770.033
5ii6d.
6i316d.
6716d.
69i6d
The above figures indicate an increase in the cotton in sight to¬
night of 117,549 bales as compared with the same date of 1878,
increase of 188,674 bales as
date of 1877, and a decrease of
•an
compared with the corresponding
447,048 bales
as
compared with
1876.
At the Interior Ports
the movement—that is the receipts
for the week, and stocks to-night, and for the
^corresponding week of 1878—is set out in detail in the following
and shipments
statement:
19, ’79.
Week ending Dec.
Stoek.
Receipts Shipm’ts
8,432
Augusta, Ga....
Columbus, Ga...
'Macon, Ga:
Montgomery, A1
i
Belma, Ala
.Memphis, Tenn.
Total, old ports.
©alias,Texas..
.
•Jefferson, Tex.*.
Shreveport, La
Vicksburg, Miss.
Columbus, Miss..
Eufaula, Ala
5,220
2,602
4,860
18,785
6,499
998
Week ending Dec. 20, '78.
Receipts Shipm’ts Stock.
7,891
4,968
2,o i 8
5,379
2,826
1,731
4,009
5,428
5,934
28,037
2,506
16,554
16,873
19,004 114,626
12,762
3,697
55,488
37, 130 200,186
57,665
2,931
1,200
1,251
1,498
3,877
3,255
8,852
5,538
26,330
2,178
750
3,802
3,165
3.532
750
5,561
7,728
2,290
2,360
5,932
Criffin, Ga.......
1,560
1,667
Atlanta, Ga
Rome, Ga
4,936
4,360
1,935
1,904
4,805
5,012
..
14,087
4,924
1,540
1,898
400
'
14,413
7,986
4,815
3,138
6,043
2,214
8,231
1,951
3,084
1,612
3,185
12,237
10,002
1,752
67,275
15,183
3,085
1,316
14,735
6,985
5,262
22,441
2,201
22,943
14,305
6,396
14,460
15,761
92.343
8,899
44,015 175,107
1,455
2,599
3,053
10,989
5,043
7,790
4,334
2,843
4,886
1,885
7,075
1,344
9,818
7,604
45,868
5,835
752
1,156
1,906
9,738
683
Charlotte, N. C..
St. Louis, Mo
Cincinnati, O....
854
1,448
23,602
12,710
19,782
11,170
Total, new p’rts
67,505
59,828 143,317
52,589
44,411 105,850
122,993
96,958 343,503
110.254
1
88,426 280.957
Total, all...
Estimated.
week from the plantations.
Receipts at the out ports are some¬
times misleading, as they are made up more largely one year
than another, at the expense of the interior stocks.
We reach,
a safer conclusion through
following:
therefore,
like the
a
comparative statement
RECEIPTS PROM PLANTATIONS.
Week
brought down to Thursday evening; hence, to make the totals
the complete figures for to-night (Dec. 19), we add the item of
'exports from the United States, including in it the exports of
Friday only:
prepared for the
—
made up by cable and
returns,
Plantations.—The following table is
purpose of indicating the actual movement each
Receipts from the
—
telegraph, is as follows. The Continental stocks are the figures
of last Saturday, but the totals for Great Britain and the afloat
for the Continent
661
THE CHRONICLE.
1819.]
Receipts at the Ports. Stock at Inter’r Ports Rec’pts from Plant’ns
ending—
5
Sept
U
12
14
19
26
3
Oct.
44
10
44
17
44
21
44
31
7
Nov.
44
14
44
21
»4
28
Pec.
5
44
12
44
19
1877.
1878.
1879.
13,920
47,431 30,054
22.345 74,355 76,933
43,128 98,863 127,729
70,040 130,990 162.303
109,264 148,158 189,408
135,054 160,233 181,714
157,609 162,236 214,461
177,336 157,280 245,613
198,778 182,874 225,087
194,571 176,004 220,216
200,980 181.376 218,408
172,218 184,625 249,152
174,365 220,748 216,187
202,805 220,291 234,876
231,594' 201.882 218,907
5,885
12,109
26.750
1877.
1878.
16,449
9,979
16,272 18,971
15,104 26,377
20,510 37,872
29,720 47,208
41,891 59,823
1879.
9,598
14,563
23,896
40.774
52,207
68,913
1877.
6,056
11,932
21,177
48,534
79,250
121,435
151,908
179,238
202,776
219,582
1878.
1879.
30,136 16,217
56,423 35,019
81,761 86,266
110,358 144,607
140,326 173,736
160,773 186,114
180.007 194,028
58,745 79.597 81,227
180,526 229,227
80,374 97,887 95,993
174,427 265,355
105,814 115,034 115,735
217,338 243,257
126,620 149,498 133,905
132,403 174,583 187,126 200,354 201,089 273,437
136,941 188,491 218,998 205,518 195,284 250,280
157,082 205,912 264,183 192,357 202,046 294,337
169,073 236,280 287,109 186,356 251,116 239,093
185,665 259,129 317,468 219,397 243,1401 263,235
226,559 280,957 343,503 272,4881 226,7101 244,942
The above statement shows—
1. That the total receipts from
the plantations since Sept. 1 in
1879 were 3,141,150 bales; in 1878 were 2,651,460 bales; in
1877 were 2,318,358 bales.
2. That the
receipts at the out ports the past week
were 218,907 bales
and the actual movement from plantations
244,943 bales; the balance being added to stocks at the in¬
Last year the receipts from the plantations for the
bales, and for 1877 they were 272,488 bales.
Weather Reports by Telegraph.—The weather has been
rainy for two or three days of the past week in the greater
portion of the South, with the temperature generally lower.
They are still needing rain badly in Texas.
Galveston, Texas.—We have had showers on two days the past
week, the rainfall reaching sixty-seven hundredths of an inch.
The temperature was quite low on two days, but there was no
frost.
Average thermometer 54, highest 72, and lowest 36.
Tndianola, Texas.—There have been showers at this point on
two days, the rainfall reaching twenty-one hundredths of an
inch, and we have had one frost, but not a killing frost. The
thermometer has ranged from 36 to 75, averaging 55.
Corsicana, Texas.—It has rained on one day during the week,
a mere drizzle, and we are needing more.
We have had a kill¬
ing frost, with ice, on one night. The thermometer has aver¬
aged 44, the extreme range having been 22 to 68. The rainfall
for the week is four hundredths of an inch.
Dallas, Texas.—There has been no rainfall at this point during
the week, and we are needing rain badly.
Ice formed in this
vicinity on one night. Average thermometer 44, highest 68, and
lowest 22.
Newly-planted wheat is suffering for moisture.
Brenham, Texas.—Telegram not received.
New Orleans, Louisiana.—It has rained here on two days the
past week, the rainfall reaching one inch and fifty-three hun¬
terior pons.
same
week
were 226,710
dredths.
Shreveport, Louisiana.—The weather during the week has been
generally clear and unusually warm for the season, and picking
is progressing favorably.
The thermometer has averaged 47,
the highest point touched having been 69 and the lowest 26.
The rainfall for the past two weeks is one inch and thirty-six
hundredths.
Vicksburg, Mississippi.—It rained during
the past week on two days.
been clear and pleasant.
the earlier part of
The latter portion, however, has
has fallen during the week on
inch and fifty-one hundredths.
Average thermometer 57, highest 74, and lowest 40.
Little Rock, Arkansas.—Friday and Monday last were clear,
Columbus, Mississippi.—Rain
days, to a depth of one
two
but the remainder of the
two
week
was
cloudy, with a light rain on
days, the rainfall reaching three hundredths of an inch.
averaged 38, with an extreme range of 22
The thermometer has
to 56.
Nashville, Tennessee.—Telegram not received.
Memphis, Tennessee.—Telegram not received.
Mobile, Alabama.—It has been showery one day and has rained
severely one day the earlier portion of the past week, the latter
part having been clear and pleasant.
The thermometer has
averaged 49, the extreme range having been 35 to 66. The rain¬
fall has reached eighty-four hundredths of an inch.
Montgomery, Alabama.—It rained during the earlier portion of
week on three days, the rainfall reaching three inches and
nine hundredths, but the latter part has been clear and pleasant.
The thermometer has ranged from 33 to 68, averaging 48. About
ninety per cent of the crop in this section has now been marketed.
Selma, Alabama.—During the earlier part of the past week it
rained on two days, but the rest of the week has been pleasant.
The cause of the small receipts this week is the heavy rains.
The weather last week was cold and disagreeable,with a good
deal of rain.
The high prices paid for cotton had induced the
farmers to ship their cotton freely.
the past
602
THE CHRONICLE.
Madison, Florida.—We have liad rain during the past week on
three days, and a killing frost on one
night. The thermometer
has averaged 51, the
highest being 78, and the lowest 25. About
three-quarters of our crop has now been marketed.11
Macon, Georgia.—Telegram not received.
Columbus, Georgia.—Itnas rained severely one day of the week,
the rainfall reaching four inches and
fifty-five hundredths. The
thermometer has ranged from 35 to 70,
averaging 50.
Savannah, Georgia.—Rain has fallen on four
days, and the
balance of the week has been
partially cloudy, the rainfall
reaching sixty-eight hundredths of an inch. The thermometer
has averaged 55, the
highest being 70, and the lowest 41.
Augusta, Georgia.—It was showery four days the earlier part
of the week, tile rainfall
reaching one inch and thirty hun¬
dredths. The latter portion has been clear and
pleasant, the
thermometer averaging 48, and
ranging from 35 to 71. About
three-quarters of our crop has been marketed to date, and plant¬
ers are
sending their cotton forward freely.
- Charleston, South Carolina.—It has rained during the week on
two days, the rainfall
reaching fifty-seven hundredths of an
inch.
The thermometer has
averaged 53, the extreme range
having been 40 to 66.
The following statement we have also received
by
showing the height of the rivers at the points named attelegraph,
3 o’clock
Dec. 18, 1879, and Dec. 19, 1878.
"
Dec. 18, '79. Dec. 19, ’78.
Feet. Inch.
Feet. Inch.
Below high-water mark
11
O
9
1
Above low-water mark... 23
4
14
8
Above low-water mark... 23
11
20
11
Above low-water mark...
1
20
5
7
Above low-water mark...
5
8
27
6
New Orleans
..
Memphis
Nashville
Shreveport
Vicksburg
New Orleans reported below
high-water mark of *1871 until
Sept. 9, 1874, when the zero of gauge was changed to
high-water
mark of April 15 and 16,
1874, which is 6-10ths of a foot above
1871, or 16 feet above low-water mark at that point.
Comparative Port Receipts and Daily Crop
Movement.—
A comparison of the
port movement by weeks is not accurate,
as the weeks in different
years do not end on the same day of the
month.
tables a
We have
consequently added to our other standing
daily and monthly statement, that the reader may
con¬
stantly have befoie him the data for seeing the exact relative
movement for the years
each port each
named.
day of the
PORT RECEIPTS PROM
week
First
we
give the receipts at
ending to-night.
SATURDAY, DEC. 13. ’79, TO FRIDAY,
19, ’79.
DEC.
New
of
Or¬
we’k leans.
Mo¬
bile.
Bat.. 14,218
Mon 11,740
Tues 8,163
Wed 10,768
Thur 8,486
Fri.. 6.592
Char¬ Savan¬ Galleston. nah. vest’n.
2,205
4,687
6,693
3,023
2,455
1.339
3,375
folk.
All
ming¬ others.
ton.
Tot* 1.
4,721
3,006
2,585
4,792
6,546
3,190
5,334
4,341
4,185
3,767
3,977
4,338 5,712
2,058 5,721
2,801 2,080
3,691 6,190
2,786 4,607
1,150
4,362
5,320
5,144
4,013
3,100
30,473
SOI 18,019
42,450
215
453
416
320
37,733
45,251
30,412
32,588
2,855 39,958 218,907
The movement each month since
Sept. 1 has been as follows:
Year
1879.
333,643
888,492
942,272
October..
Novemb’r
table the
percentages of total port receipts which had been
received to Dec. 19 in each of the
years named.
India Cotton Movement from all
Ports.—The figure*
which are now collected for
1878.
Beginning September 1.
1877.
288,848
689,264
578,533
779,235
822,493
98,491
1876.
236,868
675,260
901,392
1875.
1874.
complete India movement for each
Bombay statement for the week and
Shipments this
Year Great
Brit’n.
1879
1878
i'877
1876
Conti¬
week
the different
nent.
536,968
11,000 11,000 260,000 639.000
323.000 401,000
3,000 2,000 5,000 385,000 436,000
581,000 403,000
Shipments this week.
Year.
Great
Britain.
Conti¬
II
1,006
1877........
II
1878.
'1
1877.
II
If
II
49,608
36,046
58,291
7....
8.
25,563
8....
43,236
8.
20,766
36,219
28,111
22,781
34,502
37,914
33,164
50,014
37,733
58,561
S.
28,693
47,969
35,846
25,895
39,011
31,300
32,893
12...
13....
14....
15....
II
16....
•1
17....
18....
19....
•1
II
6.
'
Great
Conti¬
nent.
250,000
144,000
79,000
1,000
Total.
*
133,000
72,000
51,000
106,000
383,000
216,000
130,000
255,000
6,606
6,000
149,000
The above totals for this week show
that the movement from
the ports other than
Bombay is 1,000 bales less than same week
of last year.
For the whole of India, therefore, the total
shipments this week and since January 1, 1879, and for tho
corresponding weeks and periods of the
follows.
as
1879.
Shipments
Europe
to all
This
two
previsus years,
week.
Bombay
11,000
All other ports.
1876.
1875.
30,938
are¬
1874.
30,836
30,614
46,024
26,923
45,251
30,412
32,588
30,473
35,179
34,519
42,450
25,930
38,346
S.
52,468
33,308
S.
50,328
31,662
S.
30,511
29,087
41,726
26,812
22,952
S.
42,863
29,247
29,426
33,977
35,642
23,479
S.
43,343
31,246
22,943
25,918
20,385
S.
59-73
46-77
57-66
1,000
This
Since
Jan. 1.
week.
724,000
216,000
5,000
821,000^
130,000
^
Alexandria Receipts and
Shipments.—Through arrange¬
ments we have made with Messrs.
Davies, Benachi &
Liverpool and Alexandria, we shall hereafter receive a Co., of
weekly
cable of the movements of cotton at
Alexandria, Egypt. The
the receipts and shipments the past
week, and for
corresponding weeks of the previous two years.
following
are
Alexandria, Egypt,
—g
1879.
Dec. 18.
1878.
200,000
2,140,000
This
week.
.
1877.
Europe
26,534
26,509
28,977
37,015
S.
30,833
35,698
26,632
31,592
28,519
41,476
29,862
31,915
24,897
29,578
53-AQ
80,000
925,000
Since
This
week.
Sept. 1.
11,000 146,000
10,020 68,850
3,000
21,020 214,850
3,000
120,000
1,790,000
Since
Sept. 1.
This
week.
Sine©
Sept. 1.
65,500 14,000 139,000
5,000 76,800
29,500j
A cantar is 98 lbs.
95,000i
19,000 215,800
This statement shows that the
been 200,000 cantars, and the
receipts the past week have
shipments to all Europe 21,020 bales.
Manchester Market.—Our report received
from Manchester
to-day (Dec. 19) states that prices of shirtings and twists are
both lower—|d. for twist and
l^d. for shirtings—and that the
market is unsteady.
We leave previous weeks’ prices for com
parison.
1879.
8.
49,512
4^99
Since
Jan. 1.
week.
639,000
383,000
1877.
11,000!l,022.000 1,000 940,000 5,000 951,000
This last statement affords a
very interesting comparison of the
total movement for the week
ending Dec. 18, and for the three
years up to that date, at all India
ports.
-
31,842
8.
28,601
2,604,948 2,345,081 2,032,773 2,328,336
1,983,581 1,856,130
Percentage of total
u’rt ref*’T»t* D#»c. 19
This
Total
38-53
32,325
24,767
33,072
26,981
1878.
Since
Jan. 1.
This week....
Since Sept. 1
Total
AND KURRACHEE.
Britain.
1876
Total
6....
10....
11....
899.000 8,000
865,000
724,000 6,000 918,000
821,000 13,000 1,096,000
984,000 14,000 1,109,000
Receipts (cantars*)—
.
9....
Since
Jan. 1.
Week.
Shipments since January 1.
Total.
nent.
1879
1878.
740,116
Tot.Nv.30 2,164,407 1,757,349
1,499,517 1,813,520 1,519,509 1,347,639
Dec 1....
52,479
S.
21,387
30,824
22,842
i<
24,517
2....
30,886
39,978
S.
21,089
26,301
•1
28,921
3....
28,110
40,894
S.
40,703
20,856
It
19,114
4....
25,675
23,532
27,179
44,873
35,581
II
34,055
<1
Receipts.
This
Total.
nent.
CALCUTTA, MADRAS, TUTICORIN, CARWAR. RANGOON
vears.
1879.
II
Conti¬
According to the foregoing, Bombay appears to show an increase
compared with last year in the week’s receipts of 2,000 bales and an
increase in shipments of 11,000
bales, and the shipments *ince
January 1 show an increase of 175,000 bales. The movement at
Calcutta, Madras, Tuticorin, Car war, &c., for the same week and
years has been as follows.
*
li
Shipments since Jan. 1.
Great
Total. Britain.
To Continent
II
We first give the-
bringing thQk figures
BOMBAY RECEIPT8 AND SHIPMENTS
FOR FOUR YEARS.
Exports (bales)—
To Liverpool
5....
week.
year,
down to December 18.
the
169,077
610,316
Total year 2,164,407 1,767,347
1,499,517 1,813,520 1,519,509
Perc’tage of tot. port
receipts Nov. 30..
3951
34-50
44-91
36-25
II
and forwarded by cable each
us,
Friday, of the shipments from Calcutta, Madras, Tuticorin, Carwar, &c., enable us, in connection with our
previously-received
report from Bombay, to furnish our readers with a full and
from—
3,262
2,655
Wil¬
Nor¬
Tot.. 95,467 17,773 22,238 28,388
19,441 28,287
Bept’mb’r
This statement shows that the
receipts since Sept. 1 up to*
to-night are now 459,807 bales more than they were to the same
day of the month in 1878, and 772,175 bales more than
they
were to the same
day of the month in 1877. We add to the last
EXPORTS TO EUROPE FROM ALL INDIA.
D’ys
Monthly
Beoeipts.
[VOL. XXIX.
32s Cop.
Twist.
d.
Oct.
17
24
44
31
Nov. 7
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14
21
44
28
Dec.
5
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©1078 6
editorial columns
1878.
Cott’n
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Cotton.—Our readers will find in
article which may interest them
We also give in the
same
on
d.
6*i®
6
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5*4
5*2
5*«
57i®
5*6
47s
5*16
onr
this
part of this issue the official
weather data since June for 1878 and 1879.
THE CHRONICLE.
December 20, 1879.]
Agricultural Department’s December Report on Condition
Cotton.—The following report on the condition of the cotton
op
663
West Tennessee.—40 responses.
crop was
Weather—33 report the weather during the month as never known
better to much more favorable than last year for
gathering the crop, 6
less
on
indicate from 66 to 90 per cent of the crop has been
famished by the Department of Agriculture this week
Monday the 15th instant.
The returns from correspondents for the month
ending
December 1,1879, substantially confirm the report of the month
previous. The weather has been favorable on all parts of the
cotton belt. The reports of the product west of the
Mississippi
River
favorable, and will increase the aggregate of
Texas, Louisiana and Arkansas, over that reported last month.
The following is a synopsis of the reports:
North Carolina—Five counties report a product
averaging five
per centum more than last year; twenty-two counties average
twenty-five per centum less, and six the same.
South Carolina—One county reports twenty per centum more,
eleven average seventeen per centum less, and two the same as
are more
last year.
Alabama—1 reports 10 per centum more, 15 an average
per centum less, and 8 the same.
Mississippi—14 counties average 20 per centum
average 10 per centum less, and 3 are the same.
of 16
more,
14
Louisiana—4 counties report an average of 15 per centum, 4
report 10 per centum less, and 1 the same.
Georgia—12 counties report an average of 12 per centum
more than last year;
32 report 20 per centum less, and 9 the
last year.
same as
Florida—None report an increase; 11 report an average of 10
per centum less, ana 2 the same.
Texas—Reports 9 counties with
an average of 24 per centum
than last year, 35 counties with an average of
39 per
more
centum
less, and 8 with the
same.
Arkansas—19 counties report 20 per centum more, 6 an aver¬
age of 16 per centum less, and 5 the same.
Tennessee—9 counties report 15 per centum more, 2 an aver¬
age
of 20
per centum
less, and 7 the
favorable, owing to rains, 1 about
1423..YWPLmiecladktthngTr—97se
same.
Picking Progress—Reports
gathered, averaging
74x4 per cent. Bate of Completion—It is variously estimated that pick¬
ing will be completed by December 10 to January 15; average date,
December 24. Yield—The yield is estimated at from 10 to 100
per oent
he yield
lastper
year;
19^ per
cent increase.
Greater
than
of lint
100averaging
lbs. seed cotton
is reported
fromYield—
to be atLint
about
last year to 10 per cent greater than last year,
averaging 37m
cent greater. Shipped from Plantations—It is reported that from 50
to 75 per cent of the crop has been shipped from
plantations.
same as
per
North
Mississippi.—41
responses.
Weather-31 report the weather during the month either as
having
been never better to much more favorable than last
year for crop gather¬
ing, 3 report less favorable on account of rains, 7 report about same as
last November. Picking Progress—It is estimated that from 66 to 90
per
cent of crop has been gathered,
averaging 83*2 per cent. Date of Com¬
pletion-It is estimated that picking will be completed by from December
5 to January 31; average date, December 20. Yield—The
yield is esti¬
mated to be from 8 per cent less to 33 per cent greater,
averaging 74
per cent greater than 1878. Lint Yield—The yield of lint per 100 lbs.
seed cotton is estimated at from 7 per cent less to 20
per oent greater
than last year, averaging
per cent greater. Shipped from Planta¬
tions—The proportion marketed and shipped from plantations is
reported
at from 33 to 90 per cent, averaging 57 per cent.
Arkansas.—15 responses.
Weather—33 report unexceptional to much
more
favorable than last
for harvesting the crop, 3 less favorable on account of rains, 9 about
same.
Picking Progress—Picking is reported as being from 60 to 100
per cent completed, averaging 761s per cent. Date of Completion—It is
estimated that picking will be completed at dates
ranging from Decem¬
ber 5 to January 20, averaging December 18. Yield—The
yield is given
at from 100 per cent greater tnan last year to 20
per cent less, averaging
18 per cent increase. Lint Yield—The yield of lint to the 100 lbs. of
seed
cotton is given by 25 at from 2 to 10 per cent increase over last
year, 4
report from 3 to 10 per cent decrease, 16 about same, averaging 3 per
cent increased yield.
Shipped from Plantations—The proportion of crop
reported shipped from plantations is given at 33 to 75 per cent,
averag¬
ing 60 per cent.
year
Aggregate.—126
responses.
report the weather during the month of November as
having been never known bettor to much more favorable than last year,
12 report less favorable on account of
rains, and 12 as having been about
same.
It will be noticed that the
Department in its introduction
that “the returns from correspondents for the month same as last year.
Progress.—Tennessee reports 74*2 per cent of crop gathered,
ending December 1, 1879, substantially confirm the report of Mississippi 83^, and Arkansas 76*2, averaging 771s per cent
of the orop
picked out. Tennessee gives average date for completion of crop gathering *
the month previous.1* The previous month stated:
as December 24;
Mississippi, December 20; Arkansas, December 24;
*
*
*
The returns indicate a yield per acre of 176 pounds average date, December 23.
lint, against 191 last year. This yield, estimating the area per acre than last reports an increased yield of 191*2 per cent greater
year; Mississippi 7*2, and Arkansas 18 per cent,
planted at 2 per cent more than last year, would make a deficit averaging 15 per cent increase.
in this year’s crop of 290,000 bales of 450
ield—Tennessee reports an increased yield of 3?10 per cent of
pounds each. * * * lint to theY100
lbs. of seed cotton; Mississippi 2% per cent; Arkansas 3
If, therefore, the present report <lsubstantially confirms?’ these per cent; averaging 3 *4 per
cent increase.
Shipped from Plantations—Tennessee reports 60310 per cent of crop
figures, we .must take 290,000 bales from the crop last year of
shipped from plantations; Mississippi 57 per cent; Arkansas 60 per
5,073,000 bales to learn the Department’s December estimate cent; averaging for the district 60 per cent.
for this year; doing so we should have indicated a
North Alabama.—12 responses.
crop for this
says
“
46
year
of 4,783,000 bales.
next sentences of
week
are as
But it will be noticed that the very
the introduction to the report issued this
follows:
“ The weather has been favorable
on
all
“
Weather—8 report weather for month much more favorable than last
year, 2 less favorable on account of rains, 2 about same. Crop gathering
is reported as being
from 75 to 100 per cent completed, averaging 82 per
cent. Date ef completion is given at completed to
January 1, average
date December 17. Yield—The yield
compared with last year is given
at from 20 per cent less to 10 per cent
increase, averaging 4 per cent
increase. Yield of Lint—Yield of lint per 100 lbs. seed cotton is
given at
from 6 per cent less to 7 per cent greater than last year,
averaging about
same.
Shipped from Plantations—The proportion of crop shipped from
plantations Is given at from 33 to 75 per cent, averaging 54 per cent.
parts of the cotton belt. The reports of the product west of the
u
Mississippi River are more favorable, and will increase the
“aggregate of Texas, Louisiana and Arkansas, over that
“
reported last month.” We do not quite understand how both
Gunny Bags, Bagging, Etc.—Bagging has
gradually become
of these statements can be true. Still, an
analysis of the aver¬ quiet, and there is scarcely any business being transacted. No
ages given in the report appears to lead to the result first large lots have been placed, and we hear of only 300 rolls, in
lots. Prices arq ruling firm, and holders are not anxious to force
expressed, aft may be seen from the following.
goods,
and will not accept less than 9fc. for If lbs., lOfc. for
AGRICULTURAL BUREAU REPORT TO DECEMBER 1, 1879.
2 lbs., life, for 2f lbs.; these figures are for small
parcels, but a
Last
Less
More
Percentage
large lot could be had a shade less. Jute butts have arrived to
season’s
than
compared
than
the extent of 3,703 bales, ex Eblana and
This crop.
Eulomene, but these
with 1878.
crop.
1878.
1678,
lots go to consumers who bought previous to arrival.
There is
North Carolina..
no inquiry, and we do not hear of
220,000 16 per cent lees.
any transactions.
184.800 35.200
The market
South Carolina.
370,000 12 per cent less.
closes quiet, but prices are firmly held, and for parcels to arrive
325,600 44,400
Georgia
680,000 9 pftr cent less.
618.800 61.200
3fc. is asked for paper butts and 3f@3fc. for spinning grades.
Florida....
55,000 9 per oent less.
50,050
4,950
Alabama
625,000 9 per cent less.
644,000 4 per cent mope.
635,000 2 per eent more.
885,000 23 per cent less.
580,000 9 per cent more.
379,000 o per oent more.
Mississippi
Louisiana
Texas
A- kansas
Tennessee
.......
5,073,000
In
making
up
568,750 56,250
669,760
647,700
681,450 205,550
632,200
397,950
25,760
12,700
52,200
18,950
4,777,060 405,550 109,610
the above averages 100 is taken to be the
As for instance—
condition of last year.
In
“
“
Georgia 12 counties report 12
“
per
cent more
32 counties report 20 per cent lees
9 counties report same
“
Total....53
With
,
Week
Exported to—
80=*2,580
1Q0=» 900
4,804
total of 4,804 for 53 counties, the
average would be
or
91,
9 per cent less than 100. This analysis, it will be seen,
makes a crop of 4,777,030 bales.
Memphis Crop Report December 10.—We had not last week
received the full report for the
Memphis district, and were
compelled to give the telegraphic summary. Below, however,
we give the whole
report.
Memphis Department
covers the State of Tennessee, west of the Tennessee
River, and the fol¬
lowing Counties in Mississippi: Coahoma, Panola, Lafayette, Marshall.
De
Soto, Tunica, Benton and Tippah, and the State of Arkansas north of
the Arkansas River. Tho report is prepared and issued
by the Memphis
Cotton Exchange, through their Committee ou Information
and
Statistics, comjiosed of John S. Toof (Chairman), W. B. Mallory, A. C.
Treadwell, W. H. Goocilett., T. H. Hartmus, Win. Bowles, Sr., and Z. N.
E*tes.
an
Exports op •otton (bales) from New York since Sept.
1,1879.
112*1,344
a
Tub Exports op Cotton from New York this week show
increase, as compared with last week, the total reaching 10,645
bales against 8,562 bales last week.
Below we give our usual
table showing the exports of cotton from New York, and their
direction, for each of the last four weeks; also the total export*
and direction since Wept. 1, 1879, and in the last column the total
for the same period of the previous
year.
Liverpool
ending—
Sama
Total to
Nov.
Deo.
Dee.
Dec.
26.
3.
10.
17.
date.
period
provl’us
year.
O^her British ports
8.733 12,088
824
5,499
509
8,422 174,150 125,865
6,210
4,^252
Total to Great Britain
9,557 12,088
6,008
8,422 180,360 130;117
Havre
204
1,025
15,742
8,683
Total French
204
1,025
15,742
8,683
Bremen and Hanover....
503
714
15,740
8,845
2,017
8,225
1,202
26,602
9,850
Other French ports
Hamburg
Other ports
«
Total to North. Europe
1,217
700
1,215
1,624
2,478
314
599
3,178
1,52.9
2,223
Spain, OpYto, Gibralt’r,<fcc
All other
250
Total Spain, &o
250
Grand Total
11.228
423
1,890
3,206
3,206
1,890
10,645i225,910
150,540
......
15.266'
8.562
i THE
664
The Following
Cotton at New York,
and Baltimore for the past week, and since
are the
Boston, Philadelphia
September 1, 1879:
New York.
Receipts
from—
This |
week.
N. Orl’ans 6,131
Texas.... 3,067
Savannah 12,505
Mobile...
Florida.
S. Car’lina 8,300
N.Car’lina 3,067
Boston.
Since
JSept. 1.
130,701
6,920
104
Foreign;.
Baltimore.
Philadelphia.
This
week.
8ince
Sept.l.
Since
Sept. 1.
1,559
19,249
‘*724 9,781 3,080 23,439
68,225
25,642
3,i*36
4,144
7,714
66,016 10,008
1,081
150
699
28,342
62,348
63,660
2,786
Saturday Monday. Tuesday. Wednes. Thursd’y
Spot.
}
p.m.J
Market.
)
5 P. M.
J
5,431
Sales
5,060
Spec. & exp.
Dull
and
easier.
Heavy.
678
6,715
81,394
Last year.* 26,679 410,255
2,272 30,162
3,933
74,439
Shipping News.—The exports of cotton from the United
States the past week, as per latest mail returns, have reached
121,546 bales. So far as the Southern ports are concerned, these
are the same exports reported
by telegraph, and published in
the Chronicle last Friday.
With regard to New York, we
night of this week.
Total bales.
York—To
Liverpool, per steamers Nevada, 2,052
Egypt, 1,123
Britannic, 1,785
Adriatic, 765
Botlinia, 1,728
per ship City of Benares, 969
To Bremen, per steamer Donau, 874
Hansa, 750
To Hamburg, per steamer Hamburg, 250
Wieland, 349...
New Orleans—To Liverpool, per steamers Romulus, 2,245
8,422
1,624
599
Eduardo, 4,921
Yurac Bat, 4,750
Mary Tatham,
5,515
per ships Friga, 4,005
Theobald, 3,415
Mar¬
garita, 3,365
28,216
To Cork, per bark Venezuela, 1,030
1,030
To Havre, per ship Caledonia, 4,318
per brig Ibar, 2,457.
6,775
To Rouen, per bark
Washington, 1,393
1,393
To Bremen, per ship Friedrich, 4,882
4,882
To Vera Cruz, per steamer Chas. W. Lord, 1,400
1,400
Mobile—To Liverpool, per barks Prinz Regent, 1,450
City of
Richmond, 4,191
per brig L. C. A., 530
6,171
Charleston—To Liverpool, per ship Union, 3,259 Upland
per
barks Jardine Brothers, 1,600 Upland and 44 Sea Island
George Sliotton, 1,193 Upland and 464 Sea Island
6,560
To Havre, per bark Fjelstedt, 1,358 Upland and 271 Sea
Island
1,629
To Hamburg, per bark Amalia and Iledwig, 1,125 Upland...
1,125
To \msterdam, per steamer Nio, 3,900 Upland
3,900
To Barcelona, per brig Ataulfo, 668 Uplaud
668
Savannah—To Liverpool, per steamer Mary Louisa, 6,117 Up¬
land
per ship Adelaide Baker. 2,760 Upland
per bark
Lady Dufferin, 3,700 Upland
12,577
To Havre, per bark Beckermet, 810 Upland.
810
To Bremen, per steamer Amelia, 4,772 Upland
4,772
To Amsterdam, per bark T. C. Berg, 1,728 Upland
1,728
To Ghent, per bark Kerdalia, 1,550 Uplaud
1,550
Texas—To Liverpool, per barks Fama, 1,341—Henrik Ibsen,
1,714
Henrietta, 1,851
per brig Emily Watters, 1,097
6,003
To Havre, per baik Hermanos, 1,328
1,328
Norfolk—To Liverpool, per steamer Amazonenso, 5,250
per
ship Minnie H Gervis, 5,070
10,320
Baltimore—To Liverpool, per steamers Palm, 500
Sardinian,
824
1,324
To Bremen, per steamer Baltimore, (additional) 1,115
:..
1,115
Boston—To Liverpool, per steamers Illyrian, 1,826
Palestine,
2,047
Minnesota, 26
Atlas, 123
Istrian, 1,286
5,308
Philadelphia—To Liverpool, per steamer Ohio, 317
317
Total
form,
6%
8,000
1,000
8,000
1,000
8,000
3,000
Dull.
particulars of these shipments, arranged in
New York,.. 8,422
N. Orleans ..29,246
Mobile
6,171
Charleston.. 6,560
Savannah ...12,577
Texas
6,003
Norfolk
10,320
Baltimore
1,324
Boston
5,308
.
.
Philadelphia
our
J
M.
....
8,168
1.629
810
1,328
Barce-
ter-
Ghent. Iona.
2,223
4,882
1,125
4,772
Vera
Cruz.
1,400
3,900
1,728
668
1,550
....
1,115
317
d.
62732 54 **16
Dec
Dec-Jan..
Jan.-Feb
-
613l6
61516
10,000
2,000
8,000
1,000
Total.
10,645
43,696
6,171
13,882
21,437
7,331
10,320
2,439
5,308
1,550
668
Heavy.
Weak.
Weak.
c-
Closed
weak, off¬
ering free..
..62732®i3lb
62 "32®13i6
d.
Delivery.
I
Delivery.
d.
62932®78 [ May-June
71ie
Mar.-Apr
7'2>6i616 I June-July
718'S)3ooApril-May
7i32,6'7 |
Feb.-Mar
Monday.
Delivery.
Delivery.
Delivery.
June-July
71.32 Jan.-Feb
.718
Feb.-Mar
62532® % July-Aug
62530® 34 Apr.-May
.61j>16 Mar.-Apr
..62732®i3,0 Feb.-Mar
62732 Apr.-May.
Mar.-Apr
62»32® 7g Mar.-Apr
62932 May-Juue
May-June
7132®7 Dec.-Jan
62532
Dec
Dec.-Jan
Jan.-Feb
Feb.-Mar.
6%
-6i316
-678
-61516
.7
-7132
Tuesday.
Delivery.
Delivery.
June-July
7i32®7
July-Aug
7iio
Dec..
--6iii8'®2332
Jan.-Feb
•611i6
Dec
62332
Dec.-Jan... .62332® li^g
Jan.-Feb
6 34® 2332
Feb.-Mar... 61316®2532
Mar.-Apr
62732'5>13]6 Dec.-Jan
Apr.-May
62932®78 Feb.-Mar
May-June.. 63i32,@B>i6 June-July
Delivery.
July-Aug
7i32
6H16
62i32
62332
62732.
Dec
Jan.-Feb
Feb.-Mar...’
Apr.-May
..
.6\
-63i32
May-Juue
June-July
67s
61&16
Wednesday.
Delivery.
Dec..
Delivery.
Mar.-Apr
-6'U32
6 34
Dec.-Jan
63*
Jan.-Feb
Feb-.Mar...
Mar.-Apr
Apr.-May
Apr..Mav
May-June
634®2532
62532
,5'13j0®2i32
...
6 78® 29 32
629ao
® 15i6
a>3132
.7
.71)6
June-July
-71r
Dec
Dec.-Jan
Feb.-Mar
.62<32
-62732
Mar.-Apr
Apr.-May
7-g>63i32
.7132
-7332
-678
May-June
7
June-July ....7i32®332 May-June
Dec
61318 Jan.-Feb
Dec.-Jan
6^3lfl Mar.-Apr
Jan.-Feb
62732 Apr.-May
Feb.-Mar
62932
-6i5ia
.7
•Vie
Delivery.
May-June
..7)8
June-July
7&32
Dec.-Jan
6 78® 2732Dec.-Jan
61316,
J an.-Feb.......... 62732
Feb.-Mar
62932
Mar.-Apr
63i32
Jan.-Feb
61316
Feb.-Mar
62732:
Mar.-Apr
6I&1&
Apr.-May
7
May-June
*71i6,
7%
June-July
-
Thursday.
Delivery.
Dec
Dec.-Jan
Jan.-Feb
Feb.-Mar..
Delivery.
634
May-June^
6%@2332
6)3,
June-July
34
Mar.-Apr
.678tf>~732
Mar.-Apr
®13J6
62932® 7e
Apr.-May
6i&ie
April-May
May-June
Dec.-Jan...
Jan.-Feb
7
Delivery.
Feb.-Mar
7ii6'S>i32 Mar.-Apr
62732 Dec.-J an
62932 Mar.-Apr
63i32 Apr.-May
63*
May-June
62»32
62732.
...678
62532
62932® 78
6i&ie
7
Friday.
Delivery.
Mar.-Apr
Apr.-May
May-June
June-July
Feb.-Mar
Mar.-Apr
f
Delivery.
6i316 1 Apr.-May
6i3le May-June
67s
I
Dec—
6i3le : Jan.-Feb
7
7i32©1i6
| Feb.-Mar
Mar.-Apr
I May-June
62932 1 June-July
63i32 | Dee
7^
7i32
7332
72732
Delivery.
Feb.-Mar— 63i32®i5jg
Mar.-Apr •.
T^'cbl
Apr-May
7*16
7333
7&q2
63I32
7i32/S>7
678
May-June..
.6i5le June-July
7
Mar.-Apr
7^
Apr.-May
7316
June-July
67s
BREADSTUPPS.
317
;
Total... 86,248 11,935 14,117 5,628
10,000
2,000
61316
61°16
Saturday.
Delivery.
Dec
Dec.-Jan
Feb.-Mar
Ams-
dam.
and
The actual sales of futures at Liverpool for the same week are given,
below. These sales are on the basis of Uplands, Low Middling clause,,
unless otherwise Btated.
usual
follows:
Liver- Havre Bremen
nool
and & Ham& Cork. Rouen, burg.
61316
61516
678
Easier
121,546
are as
Easier.
unch’g’d.
61316
61516
include the manifests of all vessels cleared up to Wednesday
The
Steady.
-
)
Market,
3,74.. 35,188
'
Quiet
e
Futures.
3,016 24,232
This year. 5t.57fv537,761 22,417 173,599
New
Dull
and
easier.
7
I
47,414
Friday.
.
Market,
12:30
5 P.
8,901 115,932
[VOL. XXIX.
The tone of the Liverpool market for spots arid futures each
day of the
week ending Dec. 19, and the daily closing prices of
spot cotton, haveas
been
follows:
Mid. Upl’ds
Mid. Orl’ns.
1.175
3,219
Virginia.. 11,311 117,013
177
of
This
Since
This
week. Sept. 1. week.
65,695
56,025
.
North, pts
Tenn., &c.
Receipts
CHRONICLE
Friday, P. M., December 19, 1879.
1,400 121,546
Trade in flour has been dull the past
week, and yet prices
important reductions, and current values are already
Western millers are restricting their operations
Littlesdale, steamer (Br.), Ackley, from New Orleans for Reval, arrived below cost.
at Shields, Dec. 15, with her machinery damaged.
for the purpose of bringing wheat down or flour
up. But we
Northumbria, ship (Br.), Johnson, at Liverpool, Dec. 14, from Norfolk,
lost boats and damaged bulwarks on the passage.
have reached a season of the year in which business is gener¬
Scioto, ship (Br.)—The report that ship Scioto, from New Orleans for
ally dull, and not much movement is expected till after the
Havre, had been damaged while towing down the Mississippi, Dec.
5, was erroneous. The report had reference to an accident to bark
holidays. To-day, there was no important change; trade quiet,
Stabil (Nor.), from New Orleans for Gibraltar.
Brilliant, bark (Nor.), Paulsen, from Galveston for Amsterdam, arrived aod holders very firm.
up at New Orleans Dec. 6, in distress, of what nature not stated.
Wheat has had a slow sale in the regular way, whether for
North Carolina, bark (Br.), from Baltimore for Liverpool, before
reported, had repaired at Bermuda, Dec. 11, and would resume her export or home
milling, but the speculation has been moder¬
voyage iu about one week.
and
ately
active,
prices have not given way much. Receipts
Liverpool.—By cable from Liverpool, we have the following
the
at
Western
markets
continue considerably smaller than last
statement of the week’s sales, stocks, &c., at that port:
year—kept back, it is said, by the bad roads. From Europe,
Nov. 28.
Dec. 5.
Dec. 12. Dec. 19.
crop prospects are said to be much improved in the western
Sales of the week
.bales.
69,000
59,000
62,000
part
of the Continent, but England has suffered from severe
52,000
Forwarded
15,000
12,000
15,000
14,000 frosts. In the United States
very cold weather has been ex¬
Sales American
52,000
42,000
44,000
45,000
Of which exporters took
8,000
5,000
6,000 perienced in the North and Northwest. Yesterday, the
5,000
market
Of which speculators took..
4,000
4,000
7,000
2,000
Total stock—Estimated
317,000 339,000 332,000 366,000 was strong; No. 2 Spring, $1 43@$1 44 on the spot; No. 1
Of which American—Estim’d
202,000 227,000
223,000
250,000 white, $1 54 for January and $1 57@$1 57/6 for
February;
Total import of the week
96,000
92,000
64,000
101,000
Of which American
77,000
78,000
47,000
83,000 and No. 2 red $1 57/6@$l 58 tor January, and $1 60/6@
Actual export
9,000
5,000
6,000
9,000
Amount afloat
To-day, the market was strong but
336,000 349,000
378,000 384,000 $1 61 for February.
Of which American
294,000
315,000
342,000
344,000 quiet.
After ’Change the market improved, especially for fuBelow
give all news received to date of disasters to vessels
show
carrying cotton from United States ports, etc.:
we
....
no
December
THE
20, 1879.
CHRONICLE.
6(55
±
tures—No. 1 white $1 50 for January and $1 59 for February,
and No. 2 red winter $1 58%@$1 59% for January and $1 62
$1 62% for February; No. 3 Milwaukee spring sold at $1 39.
Indian com has favored buyers. The offerings have been
much more liberal from store, and the receipts of new com by
rail have considerably increased. Old No. 2 mixed sold yester¬
day quite freely at 63%@64c., in store, and 65c. afloat; new
mixed, afloat, 64e. for No. 2, and 62%@63c. for steamer do., on
the spot; No. 2, sail, for February, 62%c. Other grades of
com
continue
scarce
and somewhat nominal.
To-day, there
Receipts of flour and grain at seaboard ports for the week
ended Dec. 13:
At—
New York
Boston
Portland
Montreal
Flour,
Wheat,
Com,
bush.
Oats,
bush.
Barley,
bbls.
bush.
bush.
120,122
55,650
1,000
6,187
20,630
Philadelphia
Baltimore
New Orleans.
17.754
371,783
82,340
37,794
1,600
104,000
356,800
307,290 189,942 134,544
124,851 23,122 20,010
5,000
2,500
187,500
335,450
9,918
143,284
63,856
bush.
46,391
400
5,600
42,700
25,200
9,380
79,500
4,000
2,200
Total week
231.291 1,097,602 1,023.947 292,844 234.054 58,591
Cor. week ’78.... 261,609 1,867,593
814,024 232,411 64,900 118,564
And from Jan. 1 to Dec. 13, inclusive, for four years:
change.
1879.
1878.
1877.
1876.
bbls. 10,675,447
9,386,365
8,124,112
9,666,960
Eye has sold pretty freely’at 96@97c. for prime on the spot; Flour
and several loads of Canada, delivery in May, at $1. Yester¬ Wheat
bush. 162,542,344 105,609,573
44,444,783
42,046,633
Cora
101,843,862 101,103,325
83,503,586
84,494,780
day, car loads sold at 95c., and to-day the market was quiet, Oats
21,249,641
23,700,134
20,236,574
23,967,813
7.694,971
6,055,552
6,077,059
9,912,120
prices nominal. Barley has been quiet, and irregular parcels Barley
Rye
4,609,048
5,222,161
2,540,749
1,766,676
arriving by rail have sold at figures 2@3c. under cargo prices,
Total grain
296,300,447 241,712,252 159,937,812 159,970,873
somewhat unsettling quotations. Oats have materially de¬
clined under a subsidence of speculative demand, and No. 2
Exports from United States seaboard ports and from Montreal
mixed sold pretty freely for February at 50c. Yesterday there for week ending Dec. 13:
Peas,
Wheat,
Cora,
Oats,
Rye,
Flour,
was some recovery, and a boat-load of No. 2 Chicago sold at
bush.
bush.
bush.
bush.
bush.
bbls.
From—
895,709
88.504
York
771,993
6,623 57,513 36,944
50%c. To-day, the market was quiet, and No. 2 graded closed New
32
Boston
86,289
84,161
20,180
was no
....
at 50c. for mixed and
52%c. for white.
Buckwheat flour was firmer early in the week, but to-day
declined to $2 20@2 40 per 100 lbs., and prime Pennsylvania
sold in lines at $2 35.
The
following
are
closing quotations:
•RAIN.
FLOOR.
No. 2
# bbl. $4
Simerflne State and
Western
5
Extra State, &c
6
Western spring wheat
extras
5
do XX and XXX... 6
Western winter ship¬
WheatNo. 3 spring, $
40® 5 10
5 75
40®
No. 2 spring
Amber winter...
Red winter, No. 2
00® 6 15
6 75® 7 50
do XX andXXX...
Minnesota patents...
7 00® 8 50
147
®1 57
1 56
®1 57
7 00® 7 75
6 40® 6 85
5 25® 5 65
Com meal—
2 80® 3 10
® 3 35
Western, &c
Brandywine, <fec
®152
®1 52
® 65
145
61
64*2®
65
®
®
68
®
96
64
6 15® 6 85 Rye—West’n, No.2.
City shipping extras.
Southern, bakers’ and
family brands
South’n ship’g extras.
Bye flour, superfine..
®1 38
®1 44
1 43
White
No. 1 white
Cora—West, mixed
Western No. 2,old
Western Yellow
Western White...
90® 6 20
40® 7 40
6 20® 6 65
ping extras
bu.$l 36
95
97
51
53
State and Canada
Oats—Mixed
White
96
48
50
®
®
®
Barley—Canada W.
State, 4-rowed...
State, 2-rowed...
90
75
70
®1 05
® 82
® 75
Peas—Can’d^.b &f.
82
®
95
Receipts of flour and grain at Western lake and river ports
for the week ending Dec. 13:
Flour,
Wheat,
bush.
bush.
<60 lbs.)
(56 lbs.)
68.009
300
641,161
470,540
85,926
6,907
3,404
34,745
126,721
11,950
174,851
...
2,700
3,200
747,090
13,540
118,675
4,552
24,750
430,745
113,000
•••
......
bbls.
At—
Chicago
...
....
Milwaukee..
Toledo
Detroit
Cleveland...
8t. Louis
Peoria
(196 lbs.)
73,576
...
...
...
...
Duluth
Cora,
Oats,
Barley.
Rye,
bush.
bush.
bush.
(32 lbs.) (48 lbs.) (56 lbs.)
144,429 144,016 16,210
14,550 79,817
;.....
9,067
7,706
3,674
19,000
3,600
65,829 53,.746
24,800 23,500
......
Total
189,641 1,514,349
Same time ’78.. 150,226 2,102,261
Total receipts at same ports
for four years:
1,552,352
1,120,775
......
281,349 312,385
369,150 170,106
13,993
1,040
83
4,079
15,340
......
466
Portland
Montreal
151,199
222,931
72
1,360,658
830,529
6,727
3,432
100
35,175
462,618
Total for w’k 114,085
Same time ’78. 117,029
1,621,994
Baltimore
1,391,742
57,513
38,033
61,130
21,504
The visible supply of
at the principal points
grain, comprising the stocks in granary
of accumulation at lake and seaboard
ports, and in transit by lake and rail, Dec. 13, was as follows:
In Store at—
New York
Do. afloat (est.)
Wheat,
Cora,
Oats,
Barley,
bush.
bush.
bush.
bush.
9,025,620
2,262,121
Albany
Buffalo
Chicago
Milwaukee
901,227
6,549,951
2,090,954
115,884
828,886
996,618
580,000
1,018,557
174,325
252,645
130,505
619,096
Duluth
Toledo
Detroit
Oswego
St. Louis
Boston
Toronto
Montreal
Philadelphia
Peoria
4,159
117,600
Indianapolis
Kansas
672,911
1,167,828
179,672
City
Baltimore
Rail shipments...
Lake
1,566,516
379,672
339,091
196,001
Rye,
bush.
453,457
1,121,367
16,000
21,000
193,000
21,108
326,901
2,549,015
707,897
2,534,670 1,096,118
5,283
33,093 577,362
414,215
72,399
12,500
59,808
260,802
82,123
82,375
2,120
3,000
37,560
247,989
1,760
129,944
45,900
5,415
830,000
171,306
31,741
153,920
19,974
7,859
1,040
14,611
95,355
210,200
99,213
2,757
69,753
192,738
89,818
7,158
360,000
717,302
460,914
10,000
237,043
90,397
96,700
158,335
220,165
474,187
54,000
50,405
7,441
9.400
12,406
33,208
shipments..
27,688,559 10,079,363 2,612,664 4,730,815 1,161,970
27,850,685 10,337,366 2,798,930 4,678,970 1,194,683
Total
Dec. 6. ’79
Nov. 29,’79
28,217,800 10,296,951 3.026,417 4,979.792 1,234,487
Nov.22, '79
Nov. 15, '79
29,772,798 11,446,692 3,176,684 5,085.287 1,247,443
29,842,144 11,156,711 3,272,273 5,007,249 1,092,999
Dec. 14, '78.
18,842,043
8,855,364 3,034,889 5,701,568 1,608,215
50,745
72,165
THE DRV GOOD3 TRADE.
from Jan. 1 to Dec. 13, inclusive,
Friday, P. M., December 19, 1879.
The
dry goods market has shown less animation the past
1879.
1878.
1877.
1876.
6,617,439
5,572,509
4,848,864
5,376,919
Wheat..... bush. 95,894,486
Cora
101,102,500
Oats
29,696,257
87,269,314
90.844,694
29,927,048
54,507,486
78,227,557
24,374,320
Barley
Rye.
9,841,402
4,626,648
9,924.092
4,904,143
51,427,819
76,527,013
22,927,856
8,896,892
4,904,776
Total
grain.... 244,161,293
222,669,291
164,634,356
163,398,098
41,074,283
13,634,369
38,337,542
16,255,927
33,621,426
12,102,382
7,417,000
2,843,809
6,793,241
544,834
6,043,106
1,951,669
35,823,209
10,537,612
5,630,950
69,238,274
43,277,117
66,924,682
17,759,359
5,586,271
48.234,690
73,896,253
tions of cotton
19,839,701
transactions
2,361,671
2,404,331
bbls.
Flour..
4,530
4,835
Philadelphia..
24,186
37,795
8,600,189
2,688,546
week, but the volume of business was satisfactory for the time
owing to the large deliveries of cotton and woolen
goods that were made by manufacturers’ agents in execution
of year,
of former orders
The main features of the trade have under¬
reported upon. Stocks of
unprecedentedly light and
Total receipts (crop movement) at the same ports from Aug. 1
prices are very firmly maintained on nearly all fabrics of do¬
to Dec. 13, inclusive, for four years:
mestic and foreign manufacture. The jobbing trade has been
1879.
'1878.
1876.
1877.
Flour
..bbls.
2,575.850
2,441,151 quiet, as is usually the case at this stage of the season, and
3,030,574
2,615,022
23,068,348 transactions were almost wholly restricted to filling orders
Wheat
bush. 58,629,018
53,262,325
41,136,201
'
Cora
Oats
gone very little change since last
manufactured goods of all kinds are
from retailers in the interior.
J
?
exports of domestics from this
port to foreign markets during the week ending December 16,
Total grain
123,598,479 115,493,369
94,854,784
81,681,249 comprised 2,032 packages, distributed as follows: 701 to Great
Comparative shipments of flour and grain from the same Britain, 486 to China, 203 to Hayti, 155 to Venezuela, 138 to
ports from Jan. 1 to Dec. 13, inclusive, for four years:
Argentine Republic, 126 to United States of Colombia, 85 to
1878.
1877.
1876.
1879.
British West Indies, and the remainder in smaller parcels to
..bbls.
5,917,351
5,081,151
4,813,411
Flour
7,140,455
other countries. There was a liberal movement in most descrip¬
Barley
Rye
.
Domestic Cotton Goods.—The
1,621,130
....
.
Wheat
Com
Oats
Barley....
Rye
.
bush.
.......
77,114,075
20,999,072
5,441,118
3,995,078
78,197,239
21,239,983
5,179,673
3,698,927
3,802,885
goods on aceount of back orders, but current
light as compared with former weeks, owing
were
partly to the meagre supply of goods at present on the market.
of brown and bleached cottons continued strong, and
Total grain
191,062,844 172,554,096 135,909,100 148,227,880 Prices
some prominent makes of tickings (which are scarce) were sub¬
Raihaud lake shipments from same ports for the last four weeks:
jected to a further advance in price. Print cloths were very
Week
Wheat,
Com,
Barley,
Rye,
Oats,
Flour,
bush.
bush.
bush.
bush.
bush.
ending—
bbls.
179,672 474,187 129,738
98,818 33,208 quiet, but prices ruled steady (despite the feverish condition of
Dec. 13...... 165,056
363,388
Dec. 6
665,768 211,371
108,000 18,019 the cotton market) at 4%c. for 64x64s and 4%c. for 56x60s. Prints
151,909
533,172 1,281,222
145,570
159,656 174,903 32,898 were in
Nov. 29
light request aside from shirtings and solid blacks and
Nov. 22
154,960 1,785,852 1,319,346 237,120 103,660 30,961
colors, in which a fair business was reported.
Total, 4 w’ks.617,495 2,862,084 3,740,523 800,885 476,386115,086
Domestic Woolen Goods.—Transactions in men’s-wear woolens
18
117,102
Do.4wks’78.704,406 5,231,363 1,940,827 1,093,992 468,82;
:
....
„
666
THE
CHRONICLE.
chiefly confined to making deliveries on account of
pre vious orders, but duplicate orders for
spring fabrics were placed
with
[vol. xxix.
were
agents to a fair aggregate amount. There was also
inquiry by the clothing trade for heavy woolens for
some
Receipts of Leading Articles
The following table, based
upon
New York Produce
ol
Domestic Produce.
daily reports made
Exchange, shows the receipts of
to the
leading
next articles of domestic
produce in New York for the week
ending
(in exceptional cases) with
Tuesday last (corresponding with the week for
placed for overcoatings, &c. Stocks of
exports)
fancy cassimeres, also the receipts from January
1,1879, to that d^y, and for the
cheviots, and worsted coatings are
remarkably well in hand corresponding period in 1878:
(nearly all leading makes being sold in advance of
production),
and prices are very firm. Satinets
continued in good demand,
season, as a result of which orders
were
.
and several makes
Week ending
Dec. 16.
advanced about 5c. per
yard. Ken¬
tucky jeans were sluggish, but leading makes are sold
ahead, Ashes
and prices are
very firm. Repellents and cloakings have been Beaus
Breadstuff's—
in light demand, but fair
parcels of the former were distributed
Flour, wheat.-i
Com meal
in execution of back orders.
For flannels and blankets
Wheat
there
was a
steady hand-to-mouth demand, and prices ruled firm.
Rye
Cora
Shawls lacked animation, but there was a
well-sustained move¬
Oats
ment in felt skirts, at
satisfactory
prices.
Barley
and malt..
Foreign Dry Hoods have\been
Peas
quiet in first hands, and only
Cotton
moderately active with jobbers, but prices of the most
staple Cotton seed oil
fabrics were steadily
and
maintained,
some makes of linen
Flax seed
goods have shown an upward tendency.
Grass seed
were
Importations
of
The
importations of dry goods at this port for the week
ending
Dec. 18, 1879, and for the
corresponding weeks of 1878 and
1877, have been as
follows:
ENTERED FOR CONSUMPTION FOR
THE WEEK ENDING
DEC.
1877.
Pkgs.
Manufactures of—
Wool
Cotton
Silk
Flax
Miscellaneous
Total
1878.
Value.
Pkgs.
$
305
598
380
652
161,411
198,183
1,251
118,990
3,186
102.958
146,371
278,420
814
341
775
362
93,072
664.614
Value.
817
975
841
195,176
148,493
78,743
2,678
1,062
475
847,208
$
276,628
290,523
417,129
224,769
111,659
4,170 1,320,708
WITHDRAWN FROM WAREHOUSE AND THROWN
INTO THE MARKET DUR¬
ING THE SAME PERIOD.
Manufactures of—
146
106
36
393
Silk
Flax
Miscellaneous
1,054
56,645
152
136
37
62,816
33,626
53,859
26,526
58,730
195
239
58
550
876
61,796
27,480
113,856
9,103
1,998
340
73,487
93,073
40,630
88,955
26,531
Total
Ent’d for consumpt.
1,735
3,186
233,472
664,614
2,678
270,965
847,208
1,918
322,676
4,170 1,320,708
Total
4,921
898,086
5.341 1,128,173
6,088 1,643,384
market...
on
2,663
ENTERED FOR WAREHOUSE
DURING SAME PERIOD.
482
76,934
43,306
48,168
181
98
56
392
86,725
206
30,683
51,014
67,766
82,075
212
91,023
84,067
111,569
99
372
684
Miscellaneous
1,458
109,236
32,350
Total
Ent’d for consumpt.
2,341
3,186
309,994
664,614
884
255,652
2,678
847,208
4.170 1,320,708
Total at the port...
5,527
974,608
3,562 1,102,860
5,743 1,740.841
157
19,464
1,573
51,399
420,133
Imports of Leading Articles.
The following table, compiled from Custom
House returns,
shows the foreign imports of
leading articles at this port since
January 1, 1879, and for the same period in 1878:
(The quantity is given in packages when not otherwise
specified.]
1879.
1878.
1879.
China, &c.—
China
Earthenw
Glass
Glassware.
Glass plate.
.
15,360
41,531
37,132
257,570
50,081
5,126
9,5G3
56,935
37,232
Buttons
Coal, tons...
Cocoa, hags.
Coffee, bags.
17,486
2,467,627
Cotton,hales
Drugs, &c—
10.821
46,654
Blea. powd.
Cochineal..
22,882
Gambier..
56,987
5,535
4,526
Gum, Arab.
Indigo
5,329
Madder, &o
3,063
Oil, Olive..
Opium
Soda, bi-cb.
Soda, sal...
Soda, ash..
Flax
45,775
1,385
14,915
61,481
....
75,879
3,413
9,916
Furs
Gtmfcy cloth
2,139
6,390
Hair
aides. &c.—
Bristles
..
175,715
1,778
.
Hides,dr’sd
6,428
India rubber
47,538
fvory
1,867
jewelry ,&oJewelry...
Watches
.
2,959
755
.
Linseed
Molasses....
18,070
2,996,879
376,493
9A158
Metals, Ac—
Cutlery....
Hardware..
947,435
45,230 Tobacco....
29,459 Waste
3,876 Wines, &c.—
15,272 Ckamp’gne
3,635
baskets..
56.073
555
949
value.
19,577 Cigars
63,040 Corks
66,391 Fancy goods
3,207 Fish
7|052 Fruits, &c.—
1,555
5,659
162,014
Lemons
..
Oranges
Nuts
Raisins
.
...
6,835
1,047,347
969,195
56,528
487
113,795
170,628
123,962
58,823
31,806
$
1,379,111
91,668
$
1,517,354
Saltpetre
Rosin
Tar
Pitch
Oil cake..
Pork
Beef
Cutmeats
....
80,899
4,811
3,S82
936
614
Cork
Fustic
428,753
125,176
757,379
Hogs, dressed
Logwood ..
Mahogany..
Spelter
Stearine
Sugar
Tallow
Tobacco
Tobacco
191,063
i
9,963
2,259
76,093
50
481
63,278
9,443
336,387
23,586
1,633
425
100
4,646
113
448,375
13,092
9,146
4,778
104,594
3,980
17,935
1,508
51,758
20,785
42,165
5,591
9,743
5,531
1,150
238,094
6,416
..pkgs.
..pkgs.
2,053
1,379
475
48,138
931
1,801,358
1,392,049
50,677
23,46842,526
2,520,917
446,789
693,807
81,428
52,710
4,433
30,045
1,720
2,847
42,366
70,220
24,400
1,683
38,516
108,627
169,556
••••«•
2,986
986
533
2,484
792
1,972
3,714
2,516
89,664
257,073
6,532
.
2,264.
100
229
432
boxes & cases.
..hhds.
.bbls.
..bales.
4,640
L594
5,180
796
...bbls.
..hhds.
Sugar
7j000
113,295
3,585
2,021
905
5,898
124,538
1,520
Exports of Leading Articles of Domestic
Produce.
following table, based upon Custom House returns, shows
the exports from New York of all
leading articles of domestic
produce for the week ending with Tuesday last; also the
exports
from the 1st of
January, 1879,
The
to the
corresponding period in
ending
Dec. 16.
Ashes, pots
....bbls.
....bbls.
lbs.
Ashesj pearlB
Beeswax
Breadstuff8—
..
Corn meal
..
Wheat
..
bbls.
.bbls.
.bbls.
.busb.
Rye
Barley.
...bush.
Candles
Coal
Cotton
..
.pkgs.
/.
Domestics
.pkgs.
Since Jan. 1,
w
87,287
212
3,209
723,339
18,723
713,852
2,568
1,143
9,322
2,032 ■'
3,503,883
2,495,769
6,019
146,155
53,062,873
33,753,183
26,380,871
58,771
433,339
..Lbbls.
....bbls.
1,443
8,746
....bbls.
28,705
•••••»
Lard
Pork
Beef
Beef....
Cutmeats
....gals.
....gals.
16,485
389
....bbls.
....bbls.
.tierces.
Butter
Cheese
353,426
Tobacco, leaf
Tobacco
hales and
48,151
51,654
158
153,438
-6,948
5,060
.
438,299
137,379
58,713
47,759
135
16,627
235,321
7,768
5,538
1,575,111
3,091,038
201,725
467,938
603,956
1,201,293
10,726
284,424
1,221,529
12,927
197,704,300
4,818
241,394
50,335
57,189
522,203,082
234,960
48,239
57, S&4
449,963,117
22,555,353
131,400,243
248,749,543
24,396
68,349,818
114,024
65,790
7,231,674
114,506
002
1,125
9,342,461
399,999
2,427,107
4,852,385
1,311
lbs.
433,214
260,539,467
759
cases.
3,649,510
1,518,667
6,882,259
868,974
Tobacco.manufactured. lbs.
Whalebone
65,771
4,010,981
68,764
8
73
126
144
4,302
196,160
60,318,323
3,839,777
515,427
147,867
390,018
Crude turpentine. ..1 bbls.
Spirits turpentine. 4 bbls.
Rosin.
Tar
Pitch
250
160,982
...bales.
.
1,439
73,871
684
61
..
last year.
184
_____
121,926
62,764
58,659
Hay
Hops..!.
the
Same time
1,214
6,533
Peas
Cora
day, and for
1879.
51,290
Oats
same
1878:
Week
239,123
630,724
109,673
.pkgs.
.
Lard
Rice
Tallow
45,000
.bbls.
tcs. & bhls.
Rice
Linseed
942,137*
.pkgs.
.
..
Lard
Lard
1,336,713, Petroleum
1,406,557* Provisions—
279,912
.
Cheese
1,299,679
1,007,590
.
Butter
Sperm
564,053
.pkgs.
..pkgs.
.pkgs.
.pkgs.
.
25412
2423
1,346
94,564
14,012
..
66,781
10,916
4,106
.pkgs.
.bbls.
.
50413
3,966,835
2,584,162
2,007
*
57,224
125,302
80,200
1,450
...bbls.
...bbls.
...bbls.
Provisions—
T, 116,003
215,468 Woods—
2,908
1,538
1,212
.bales.
.bales.
.sides.
5430
977,175
465,200
949,802
20,918
424,201
211,900
203,401
106,107
10,165
Peanuts
1,093,402
632,795
1,511,168
158,310
50
.bajs.
..
Oil, lard
Oil, whale
59,746
66,525
...
2,092
93
70,402,327
3,288,532
41,302,134
10,661,490
8,279,544
48,774
...pigs.
Molasses
.hhds.
Molasses
...bbls.
Naval Stores—
Turpentine, crude. ...bbls.
Turpentine, spirits
bbls.
Oil cake
Oils—
Whale
1,844,418 1,388,794
1,339 Hides, undr. 12,435,486 10,422,073
4,842 Rice
296,783
271,093
44,894 Spices, &c.—
Cassia
1,748
255,094
169,993
Ginger....
136^704
6L327
2,478 Pepper....
514,151
377,831
565
.hush.
5,723
9,929
.
Naval Stores—
5,476 Wines
5,724 Wool, bales.
36,088 Reported by
130,005
194,769
27,144
230,406
209,678
89,970
..bales.
...bhls.
Leather
Lead
Flour, wheat
Flour, rye
Steel
98,705
41,834
33,095 Tin, boxes. 1,512,369 1,192,661
4,850 Tin slbs.,lbs L7,824,032
10,054,202
8,132 Paper Stock.
158,508
127,166
128,042 Sugar, hhds,
21,243 tcs., &bbls.
629,410
574,023
1,722,7041 Sugar, boxes
5,852 and bags... 1,761,111 2,285,161
Tea
Bark, Peru.
XTAmn
211,440
1878.
Metals, <fcc—
Lead, pigs.
Spelter, lbs
5,319,405
.
.
Wool
173
166
62
117,745
..brsii.
Hops
Whiskey
Manufactures of—
Wool
Cotton
Silk
Flan
.bhls.
6,524
.
Eggs
-
Wool
Cotton
2,544
..
Pkgs.
$
386
89,812
66
.
18. 1879.
1879.
Value.
3,739
..
Hides
Same time
last year.
...bbls.
...bbls.
Hides
Dry Goods.
Since Jan. 1,
1879.
822
80,921
12,023
34,668,633
125,563,842
234*705,864
13,932
65,694,787
66,605
38,899
6,092,841
107,689
@FedFRASER