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HUNT'S
MERCHANTS’
H
MAGAZINE,
QtWspapCt,
REPRESENTING THE INDUSTRIAL AND COMMERCIAL INTERESTS OF
THE UNITED STATES.
VOL. 27.
SATURDAY, DECEMBER 21, 1878.
CONTENTS.
THE
CHRONICLE.
The Situation in Congress
637
Mr. Chittenden on the Geneva
Award
638
Wee tern Mortgage Loans
639
Our Water Front-Dock
Improve¬
ments.
the last fraction
Latest
Monetary and Commercial
English News
Commercial
News
and
641
Miscellaneous
643
640
THE
BANKERS’
Money Market, U. S. Securities,
Railway Stocks, Gold Market,
Foreign Exchange, N. Y. City
Banks, Boston Banks, etc
644
GAZETTE.
Quotations of Stocks and Bonds.
Local Securities
647
648
...
Investments, and State, City and
Corporation Finances
THE COMMERCIAL TIMES.
Commercial Epitome
Cotton
Breadstuffs
6'4 1
654
659 |
..
/.
Dry Goods
659
Imports, Receipts and Exports
...
Prices Current
650
651
Site Chronicle.
The Commercial
and
Financial Chronicle is issued
day morning, with the latest
news
up to
on
Satur¬
midnight of Friday.
gold premium has vanished,
leaving gold and paper on a parity with each other, and
that gold has
actually been brought to the Treasury
in exchange for
paper. - This is significant and
gratifying, but not surprising.
As we suggested,
months ago, might prove the
case, resumption antici¬
pates itself, so quietly and unobtrusively that it is
treated
649
of the
NO. 704.
as a
matter of course.
which is to be
A redeemable
promise
kept, and is kept, is deemed
to be, for con¬
sake, more desirable than the substantial thing
which the promise represents, and the
present indications
are that the
Treasury building will present about the
same business
appearance, next month, as it has presented
this month, with no considerable demand for coin in ex¬
change, except the gradual and natural distribution among
venience
the banks.
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Financial Chronicle—
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at the office.
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to
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\
THE SITUATION IN CONGRESS.
Notwithstanding the
mon
with
our
tion
strong improbability we, in com¬
readers, have felt of any financial legisla¬
being effected during the present session of Con¬
gress, the too evident disposition shown by a portion of
the House to pursue the same line as
during last winter
has caused some anxiety. It is therefore a
positive grat¬
ification
to he able to announce
that the Committee
Banking and Currency has adjourned until after
holidays, and that none of the many bills already
on
the
During the
gress it
will be
two months left of this session of Con¬
is not at all likely that any objectionable law
passed.
In the House, as we remarked last
week, the votes already taken have shown that the over¬
whelming strength of the ultra silver men is broken, and
that the two-thirds vote can no
longer be commanded.
Proceedings in committee have since shown disagree¬
ments which amount
practically to demoralization. Un¬
happily, the disposition to force upon the country, at its
face value, the silver dollar which the
country has refused
to take, is still
present, but it somewhat resembles anger
which fails of coherent
expression by its very intensity.
The propositions to coerce and punish the New York
banks, ranging from a declaration that refusal to receive
silver on deposit
indiscriminately shall be a misdemeanor
to the confiscation of
deposited bonds, we have already
discussed more amply than their merits
require ; let it
suffice now to say that, between bills to substitute
green¬
backs for bank notes, to increase the silver
coinage, to
coerce the banks, to re-coin the trade
dollar, and all the
other statutory nostrums for
making the less equal to
the greater and turning self-interest in mankind into
some new
moving principle, the House Committee seem
to be confused.
It is, therefore, at present
improbable
that the committee will be able to
report any objection¬
able measure; improbable that
any can command, in the
pre¬ House, even if reported, the two-thirds
presumably
reported back until next year. No inter¬ necessary; and it is further
improbable that the Senate
ference with the working of the
Resumption Act can will support such legislation, should any reach it. The
therefore be attempted until after that
working has sentiment of that body has not yet been indicated, but
commenced.
The gradual and
healthy movement of the education of experience since last winter has been
things in general towards that consummation, as well as altogether away from the kind of action which was
the increasing strength of the
Treasury, has been so taken then, and its effect, visible even in the House, is
often set forth in these columns that we
need do no probably greater in the Senate.
Moreover, the Bland
more now than record the fact
that, during this past week, bill was a House bill, and it is to the Senate we owe the
sented
can
be
THE
638
CHRONICLE.
MR. CRITTENDEN ON THE GENEVA AWARD.
modification which cut out the worst and essential fea¬
ture of that bill and
made its action slow.
Again, through the deliberations of Congress, the
The week also furnishes evidence of the further dis¬
comfiture of the silver
advocates, and therefore
encour¬
hope in the possibility of the honest portion of them
soon acknowledging the failure of their purpose and of
their retracing their steps. We refer to Senator Beck’s
impetuous and experimental movement against Mr. Sher¬
man and its
very disappointing results. In this connection
ages
we
;itol. xxvil
must remember that the failure of the silver bill is so
Geneva award money
is forced to the front as a public
question. Banquo’s ghost could not have been a more
unwelcome guest than this annual visitor is rapidly be¬
coming. And yet what a precious volume of glowing
literature a collection of the speeches delivered on this
subject would make, ornate with those new and startling
phrases, “the long suffering citizen,” “the poor, plun¬
dered people,” “ the blood-besotted British cruisers,”
the rich and rapacious corporations”—food which a
Granger district might revel in. When the award was
first obtained, according to general opinion it distrib¬
uted itself, no one supposing a question could be raised
about its destination; but as soon as a few lawyers of
the Butler school took hold of it, introducing as argu¬
ments the above phrases, the whole subject became
political and obscure, and ever since there has been
among many Congressmen an aimless groping to find a
way out—a way which might be called “ the people’s ”
way, as opposed to “ money-bags.”
We are sorry to see that this week Mr. Chittenden’s
judgment has been so faulty on this same subject as to
lead him into a false position and into very bad com¬
pany. It surprises us the more because he has never
been a politician, and can have no motive but an honest
one for the course he has taken.
And yet only see how
remarkable is his position.
The Geneva problem now
comes up
under a proposed law to refer the whole
matter and the questions involved to a court to pass
upon and decide, with authority to each claimant and to
the government to appeal from its decisions to the
Supreme Court. What could be more appropriate or
just than thus to let our highest tribunal have the final
adjudication of the points so long in dispute? For that
purpose the law has been made broad, opening the gates
“
unquestionable, so palpable before the senses, that in the
general opinion not to see it is like not being aware of
daylight. It is not a matter of assertion or of argu
ment; it is a matter of fact of which nobody who reads
newspapers can be ignorant.
That bill was passed on
these two assumptions, among others: that it would
restore silver to its old place, and that the people de¬
Silver has declined, so that it is now
manded the coin.
lower than it has ever been during more than forty years
except in 1876, and the people have so firmly refused to
take the coin that the best efforts of the Treasury have
been unable to get it out.
But Senator Beck knows the
power of even little things for exciting suspicion. He
thought he saw a way in which he could make the
country suspect that the Treasury could get out his
darling dollar but that Secretary Sherman was instrumental in clogging its movements.
So he prepares a
boring machine in the shape of a resolution, in substance
asking the Treasury what amounts and denominations
of silver have been received for customs since July 1;
whether silver has been paid out for interest, and if
not, why not; and what amounts of gold and silver
respectively have been paid out for interest since July 1.
The result of this inquiry was expected to show that
about $15,000,000 had been thus received in actual sil¬
ver and been safely guarded by Mr. Sherman
against all
calls for it. The Secretary, however, replied very fully, to all who choose to incur the risks and the costs of a
stating, among other things, that silver customs receipts lawsuit to establish their claim. Had Mr. Chittenden
were very small, but as in the coin account no distinc¬
found fault with the court, or had he suggested any
tion between gold and silver was made, he was not able cause for
suspecting the judges of being biased, or
to state the exact
amount; as near as could be stated any reason why he thought they would not give
determined on examination the total receipts of decisions in accordance with the law and the
facts, we
that description were only l£ millions; that mer¬ could have concurred
heartily with him in his opposition.
chants in making payments preferred the certificates, But not one word does he utter to indicate that he has
and that 11 £ millions of those had been paid in, being the
slightest belief in any weakness of that kind ; he
turned over many times and not being available for in¬
virtually admits that under the proposed arrangement
terest ; and further, nearly all his receipts
the
of silver dol¬
legal claimants will be successful.
lars from all sources had been put out to purchase silver
What, then, are the objections urged ? We have read
bullion wherewith to coin more of them, but whenaver over the
remarks, as reported by three of our daily
any payee desired silver he got it.
papers, so as to be sure we included every suggestion.
Stated tersely, the Treasury has not put out these The
leading .idea seems to* be that the “ profits of
dollars, by voluntary exchange, to any considerable
the Atlantic Mutual Insurance Company had never
extent, because nobody wanted them ; for the same
been so large as they were during the war.”
In this
reason
precisely it has not paid them out for interest; neighborhood proof that the claimant is successful in
it has not forced them upon bondholders because good
business, is not considered good ground for refusing to
faith and consistency forbade.
In other words, Mr. pay a just debt; so that if the statement made were
Beck’s resolution proved again that the people did not
true, we do not see what possible bearing it could have
want the dollar and would not take it unless it was on the
question, unless the speaker could go one step
forced upon them.
further and sliaw that the claims of this
company were
Congress has more than once learned something by not just; and if he could establish that, then the leaving
personal contact with the people during the holiday them to the court for decision would simply end in their
recess, and it may re-assemble in a wiser mood.
At being rejected. But he says that he does not like the
least it does not seem possible that the lesson of the result.of
“clear, cold technicalities”; sentiment, or
past eight months can be quite wasted; and while we “eternal justice,” as he calls it, should govern in the
can hardly
expect such good as that suspension or distribution. If there is anything lying underneath this
limitation of the silver coinage, this
session, will be phrase “eternal justice,” which an equity court could
accomplished, there is, we feel, a possible chance that take cognizance of, then the facts showing it, should and
this general unacceptability of the coin
may before would be evidence before the court under the provisions
adjournment evidence itself in some such action.
T
1 of the
bill; and being thus provided for by the bill, Mr.
-
“
“
docbmoeb3i, 1878.]
THE CHRONICLE
Chittenden’s objection is eyen in that
On any other
supposition, the
case
without weight.
'639
stance, partly in the writer’s
phrase is simply one of
those set expressions which are
constantly being used
for exciting the ignorant
against successful corporations,
and among intelligent men has no
place in any discussion.
Besides, if we saw fit to descend to that species of
argument, we could cite several companies which hold
these claims, and which failed
by reason of their taking
in
own
our own :
language, and partly
Referring to some of your remarks under the head
Investments,” I would say that the confidence in the
ment of resumption has been
so
of “ November
early accomplish¬
strong that during
more than
a
year
difficulty has been experienced in Indiana in
making
mortgage
loans, principal and interest
specifically payable in gold, and that my
own firm has
placed about 700 such loans
during the past six years.
Many of these were placed during the time of
high values, farm pro¬
ducts being double their
present value, and farm lands
one-third
past
no
to one-
these very war risks.
Let any one who has a short half more than they now are. On farm loans, notwithstanding all
drawbacks—such as
memory look over the insurance volumes of our State of grains and fruits, heavy losses of hogs by cholora, low prices
etc.—defaults have been
few, and no
Department, and he will find that the marine business loss will bo experienced ultimately, except in very
a very few
cases
was
at that
of
time, and is,
very far from being always
profitable; that in it assets measured by the millions have
been scattered like water.
The few that have
through deserve, least of all things,
censure for
being successful.
Mr. Chittenden referred to
this
that almost all these marine
insured
question is
discussion,
“
“
once
the Atlantic Mutual
touch
never
than
really the
at
be understood what Mr.
that “ as a member of
one
Insurance
cent of
that
Company he would
money,” &g.
He was
insured, we may suppose, in the company at the time,
and probably will be entitled on the
distribution to
several hundred dollars.
Of
course
he had
right to
a
perfect
On
city
a
many
loans,
among
on
the
those
number of loans will
made
come
as a
out whole.
formerly both
as
to values and men, and at 6 to
7 per cent.
farms, in proper amounts, loans
equally good can be made at propor¬
tionate rates, but personal
intercourse with the borrower and a knowl¬
edge of his affairs are essential. There was
never
time the losses occurred. Hence the
not one in which the companies are
meant when he said
loans,
On
at the
explanation, it will
Chittenden
are
rule, do better than large ones, and
very large ones
should not be made at all. As for
city property, any attempt to force it
on the market now
is to depreciate
it; but it is improving, and all
changes going on are for the better, so that
by two years from now there
will no doubt be a fair
market at fair prices.
As to the future, good
city loans can be now made, but on a different
basis
to
interested parties; they are
simply the figure-heads or
representatives of the real claimants.
With this
foreclosures
have
Small
companies are mutual—that
is, that these claims, if collected, belong to those who
were
blundering.
contrary,
during
number than might
naturally have been
expected.
In some instances, foreclosed
property will not bring the
amount loaned; in
others, there will be ultimate profit, so
that, by the
average, lenders who
to be held up to
indirectly, but failed
gross
high prices, although fewer in
pulled
bring out clearly, the important fact in
original
defaults and
when farm loans could be made
a
time in the West
safely as now, for land and produce
are at foundation
prices; $5 to $15 an acre would now be as full as
$15
to $25 was
formerly. The farmer has given up endorsing for the accom¬
modation of his friend, “ the
big stock-trader,” who generally fails; he
is also done with
borrowing of local banks to buy hogs, and prefers to
raise them for himself
old habits of thrift and
as
on a more
modest scale; he has returned to his
were in a
failing condition
industry; farmers who
have now failed, and all the
interests of legitimate agriculture are
tending upward.
As far as practicable, all loans
should be made either on the
option
plan, the borrower being permitted to
pay before maturity, or upon the
instalment plan, a small portion of
principal maturing annually. Not¬
withstanding all the stipulations of the “ iron-clad”
mortgage, the rela¬
tion of
borrower to lender is largely that of
say that he would “ never touch a cent ” of that
partnership; the prosperity,
misfortune, or mistake of the former is felt by the
latter, and if, in the
amount.
With our own we can do what we like.
But estimation of the lender, the. loan will not be of real benefit to the bor¬
does not this renunciation of the share which
would come rower, he should not advance the money. Maturing loans which have
paid interest promptly, but are not in condition to
to him
repay the principal,
bring out in clear
light the injustice of his
opposition ? What right has he to say the same
thing
for other merchants
similarly situated ? No one objects
to his
giving his own money away ; but is it in the
interest of “eternal justice” to
give away his neigh¬
bors’ money ?
Certainly his co-claimants do not think it
is. They feel that if
any of the insured has an interest
which he can, standing
up in Congress, thus publicly
donate, they also have a similar interest and should have
the same privilege or
option with regard to that interest.
Some of them have been unsuccessful in
business since and
do not feel able now to be so
liberal; they need very much
the little that is
coming to them. Others even have died
insolvent and have left families who could
secure
many
comfoits out of their
portion. These facts we do not
state
as
ered
in
arguments;
they
connection with
are
only incidents
the
cant
to be consid¬
if it is to be
judged from the
weak
of “sentiment.”
It
was
not our
originally placed
at high rates, should be now renewed
at lower ones
the instalment plan, so that the
borrower can take up his debt
without having to sacrifice the
property. Such loans should be made to
run ten to
twenty years, 5 to 10 per cent of the principal payable with
the interest annually, with a
stipulated option to pay larger sums if able
and desirous to do so. The
greatest misfortune which can befall the
lender is to lose his loan; the next
greatest is to bo obliged to have
recourse to the security; hence his
interest is to
and
give the borrower every
be no doubt
that the
Managed in the manner indicated, there can
Western mortgage loans, as a
class, will be found
among the best investments.
Notwithstanding all
to have been
criticisms made about the
manner of
making
be found than the
present.
A careful agent, who knows that
he must stand or fall by the results of
his work, will not care about the
manner of payment, so
long as it is
appropriate to the service rendered. If he is not a fit
person, paying him
a salary will not make him
such. The executive
ability required is akin
to that required in a bank officer.
He should use all care
originally; in
case of trouble, he should
use, with tact aud address, the utmost exer
tion.to make the taking of the
property unnecessary; but if that cannot
be avoided, he should make the burden
of costs as light to the borrower
as possible.
For this, the larger discretion
these loans, I believe
no
better method
can
given
a
good agent the better.
It is
interesting to be informed of the growing habit
on Con¬
making gold loans in the West, not only as respects
the
interests of lenders and
question,
borrowers, but, as concerns
the
effect
which
the
habit
of
starting point
basing transactions upon
of
gold
object to recite the
on
assistance.
phrases—“people’s
rights,” “eternal justice,” &c.—so constantly
gressional lips. '! here are two sides to this
even
if
tion.
may have in promoting sound
This communication is worth
financial
educa¬
why the
noting, further¬
question should pass. That has been done so more, not only
for its information and for the moder¬
often by us, it is
unnecessary. We were only inter¬ ation of its tone, but for several
suggestions it throw1
ested at present in
showing on how slender a basis the out of positive value.
What is said’ about
I e
opposition to the measure stands, and
expressing our re¬ comparative safety of new Western loans is piubgret that our Brooklyn member should throw himself into
ably entirely correct, for it conforms to wl at is accept* d
such bad company.
as the
general rule applicable to all industries. The
law in
reasons
farmer, under the severe discipline of experience, has
probably learned the wholesome lesson that risk taki g
WESTERN MORTGAGE LOANS.
particularly as a gratuitous accommodation, is always to
We have received from one of the
largest firms be shunned rather than lightly assumed, and that farm¬
engaged in the business of Western mortgage loans,
ing on a grand scale with borrowed money is ot aslocated in Indianapolis, a communication on
the subject desirable in the
long run as a more modest way. L ke
of such
investments, of which we give below the sub¬ the cotton
grower, he has also learned economies in
.
640
THE CHRONICLE.
fVoL. xxvn.
both
production and living, having had the truth im¬ that the silver crusade is not a dishonest attempt to
pressed upon him that the man who is perpetually bor¬ defraud creditors. It has been a grievous mistake for
rowing is a man who is chasing yesterday and never the West, and no single step could do so much towards
overtaking it. The natural result will be more careful turning westward- an abundant supply of capital, at
borrowing and less strain to meet obligations, even on lower rates than hitherto have prevailed, than for that
the basis of low prices for farm products, for it is one of great section, teeming with every
promise of prosperity,
the delusions of the time that the farmer cannot thrive to publicly disavow and abandon its
support of that
except he can get once more the old high nominal prices miserable folly.
of inflation.
OUR WATER FRONT—DOCK IMPROVEMENTS.
What is said about the
placing of new loans is unde¬
niably well taken. The use of the money borrowed
ought to earn, not only the interest, but also, each year,
a
portion of principal; and obviously a repayment by
instalment is an additional safety. The idea suggested
that the borrower should be permitted to repay principal
as fast as he can and will, but shall not be
obligated to
do so at too rapid a rate, is not objectionable. As to
the interest
rate, the long loan, security being
equal, naturally commands
a
little lower rate
than the short one.
It is probably questionable
whether 10 or 12 per cent can longer be profit¬
ably paid, and the tendency is towards a slight re¬
duction from those rates.
This
brings up the most valuable suggestions in the
letter, namely, the real community of interest between
borrower and lender. We have hitherto urged this very
point, which is too often overlooked. Undoubtedly, if
a capitalist were
applied to for a loan, avowedly for the
purpose of giving a grand entertainment or a brilliant
exhibition of fireworks, he would decline the application
without regard to the character of the security offered;
yet investors seldom reflect upon the fact that the real
security of their loan is not the mortgaged property but
the success of the operation to which the funds loaned
are devoted.
Nobody can pay interest with certainty
a»d continuously, unless his loan earns it for him and
more; that failing, the lender will be exposed to having
to do what he should never do if he can help it, take
recourse to the
property. The lender’s risk on the loan
is as real, although not as broad, as the borrower’s risk
on the operation undertaken; hence he is
clearly a part¬
ner in the transaction, and the common omission to make
intelligent inquiry about the real prospects for the suc¬
cess of the operations was one of the errors in the invest¬
-
ment market which culminated in the break of 1873.
To
get this point well and permanently understood will be
wide step towards successful lending and successful bor¬
rowing hereafter, these two being inseparably connected.
To renew, at a lower rate, high-rate loans which have
paid interest without break but have not enabled
the borrower to repay the principal, seems far better for
the interests of both parties than to resort to foreclosure,
the conditions of renewal being left to circumstances in
a
each
case;
difficult
Loans which
are
in default present a more
problem, for which only very general counsel
given by anybody. It may be true that an inter¬
est which has proved too high has been the cause of
default in many instances, and that lenders would be
wise in offering concessions ; on the other hand,
<cscaling” is a difficult, demoralizing, and dangerous
process, and all voluntary adjustment must be preceded
by the most satisfactory evidence of good faith. The
high rates exacted by the East represent, in some degree,
the not unfounded impression of the hazard of repay¬
ment.
The western farmer, as a borrower, has suffered
severely, and not all undeservedly, by the numerous
instances of repudiation of municipal debts, and, latterly,
by the silver crusade. The sun can as easily be argued
out of the sky as the Eastern lender can1 be
persuaded
can
be
It
gives
pleasure to
us
see
from the recently-published
report of the Dock Commissioners that the
projected
improvements along our river front are being carried
on
steadily, though slowly. It is now several years since
the present department commenced its labors. It is
organized under section 88 of chapter 335 of the Laws
of 1873, under what is known as the “Charter,” and
section 6 of chapter 574 of the Laws of 1871 as
amended by chapter 738 of the Laws of 1872, passed on
the 16th of May of that year.
The management of the
affairs of the board is vested in five persons, called Com¬
missioners, who must be resident in New York. They
are appointed by the
Mayor; and they hold office for
the term of five years.
This is the one department
does not
come
tionment—a
«
of the city government which
under the control of the Board of
Appor¬
privilege which it claims under the City
.
Charter.
This circumstance has from time to time led to
considerable contest. But with the cause of the quarrel
between the Dock
Department and the City Government
really little to do. It is certainly difficult to see
why the Department of Docks should enjoy any excep¬
tional privileges. A close corporation, entrusted with
the management of public property and directly respon¬
sible only to itself, is always liable to suspicion. If the
affairs of the board are managed squarely, there ought
to be no good reason for refusing to submit its
reports
to the ordinary scrutiny of the Board of
Apportionment.
we
have
There is
evidence in
possession that the Dock
Department is not doing its work faithfully and well.
The annual report shows that steady and substantial
progress is being made along the water front on the
west side of the city.
The section between Canal and
Eleventh streets has been all but completed; and the
workmen are now busy on the wall between Warren and
Canal. By carrying the piers and wharves farther out
into the river, West street is thus being made 250 feet
wide. Between West and Eleventh streets, it is cal¬
culated that there will be ample room for all the foreign
lines of steamers; and with the widened street, facilities
can be
given to them all for connecting by tracks the
railroads and the different piers. The advantages of
such an arrangement are plain, and the result cannot but
be an immense gain to the commerce of the city. To
carry out and complete the work which has thus been so
far successfully initiated, will involve, doubtless,
great
no
expense.
The report,
our
although dated December 9th, is only for
the year ending April 1st.
No reason is given for the
delay in its appearance, the Commissioners expressing
the hope merely “that the very exhaustive and complete
showing of the affairs of the department presented by
the report may fully compensate for the lateness of its
“publication.” Hardly that, we should say,.for an ex¬
planation, however brief, would be so much more satis¬
factory. It is gratifying, however, to find that the
revenue of the department is, according to the showing
of the Commissioners, in a heal|hful and even flourishing
“
“
condition.
,
dbcembbb
2i, i87a]
We have
no
THE CHRONICLE.
desire at present to enter upon a
sion of the many questions which now divide
641
discus¬ manufacturing towns of the North than in London, it beiBg dif¬
ficult to burden a town with nearly 4,000,000 of inhabitants with
public
opinion regarding the Dock Commission. Most of the
disputed points will be effectually settled by a little more
time and experience. It is certainly desirable that these
food.
is
Butchers' meat is
perhaps the only dear commodity, but it
probable that the price of this will have to be reduced. The
Prime Minister alluded to the fact that business in the United
States shows indications of reviving prosperity, and he observed
improvements on the water front should be carried on that the “enterprise of America generally precedes that of
and completed, either by the Dock Department as at Europe, as the industry of England precedes that of the rest of
present constituted or by some other more directly Europe, and he looked forward with confidence that the industry
and
amenable to civic control.
fptottetaiwjg ©urarajetxial ^wgXisTx Hews
RATES OF EXCHANGE AT LONDON AND ON LONDON
AT LATEST DATES.
EXCHANGE AT LONDON—
NOVEMBER 29.
on—
Paris
Paris
Berlin
*
TIMS.
RATE.
short
25.25 ©25.35
25.47#@25.52#
20.69 (©20.73
20.69 @20.73
20.69 @20.73
25.66 @25.60
12.2
@12.3
12.4# @12.5#
11.97#@12.0x%
3
mos.
U
n
Hamburg
(4
Frankfort
If
Antwerp
Amsterdam.
Amsterdam...
Vienna
Genoa.
..
short
3 mos.
4%
41
28.12#@28.17tf
28.12#@28.1?#
41
Naples
Mftdrid•«
14
46 #@46#
«
44
Cadiz...
Lisbon
Alexandria....
New York....
Rio Janeiro
...
Valparaiso...
Bombay
90 days.
•
•
TIMS.
Nov. 29.
short.
•
•
•
•
Nov. 29.
Nov.
Nov.
Nov.
Nov.
•
•
•
<i
14
•
•
•
•
116.60
27.30
Nov. 27.
3 mos.
47.55
....
....
•
Nov. 27. 3 mos.
Nov. 29. 60 days.
•
•
i
•
•
•
•
•
•
60 days.
•
•
S1M@51X
»
•
20.46
20.46
20.46
25.30
12.05
ii
If
short.
• •
•
25.27#
.
*
3 mos.
•
•
♦
short.
•
•
•
•
RATS.
Nov. 29.
Nov. £9.
•
«»
•
29.
29.
29.
29.
•
Calcutta
Hong Kong...
Shanghai.., ..
•
•
EXCHANGE ON LONDON.
LATE 8 T
DATS.
U. 7 Ad.
U. VAd.
....
....
,
Nov.
Nov.
Nov.
Nov.
28.
28.
27.
27.
•
6
•
•
•
•
•
%
96
4.82
U. 8d.
18. 8 d.
38. 8 Ad.
mos.
If
41
%<
.
5 8. 1 \d.
LFrom oux own correspondent.!
London, Saturday, December 7,1878.
an early date, in order to discuss the
Parliament has met at
enterprise of America will be productive of results upon this
country which cannot now be described.”
The money market has assumed a somewhat firmer
appearance
during the week, but the Bank rate remains at 5 per cent. There
has been no increase in the demand for accommodation, but
capitalists appear to be reluctant to lend. As we are now so
nearly at the end of the year, it is probable that the banks and
mercantile bouses will call in all available funds, with a vie* to
the presentation of a good balance-sheet. Such a course will
certainly produce temporary firmness in the market, but the
ultimate effect will be to make the market easy, as trade is there¬
by impeded. Returning to the subject of trade, it is satisfactory
to notice that there are hopes of a better political future, and
that money and food are cheap.
The disturbance created by the
Glasgow failures appears to be subsiding, and there are thus
grounds for believing that there are now eounder bases upon
which to work. It may also be added, and the fact is important,
that raw materials are cheap and are lower in price than for
many years past. A revival of business has therefore many in¬
ducements in the
existing conditions.
This week's Bank return is scarcely so favorable, but a satis¬
factory feature in it is that “other deposits” show at least a
decrease of £1,191,024. The total, however, is still £25,869,466,
against £19,626,343 last year. There has been an increase in
the note circulation and a falling off in the supply of bullion, the
result of these changes being that the total reserve has been
diminished by £784,457. The proportion of reserve to liabilities
now amounts to 40‘25 per cent,
against 41*93 per cent last week.
The present quotations for money are as follows :
foreign policy of the government—chiefly, however, in its con
Per cent. ] Open-market rates:
Per cent.
Afghan war. The speeches of the Opposition on Bank rate
5
j 4 months’ bank bills
4#@5
I
6 months1 bank bills
Thursday evening were harassing. They found fault, without Open-market rates:
4#<§5
30 and 60days’ bills
4#@5 j 4 and 6 months’ trade bills. 5 @5#
proposing remedial measures, and the country is weary of argu¬
3 months’bills
4#@5
J
ments of that description,if such they can be called, and, without
The rates of interest allowed by the joint-Btock banks and
doubt, will be disappointed when they read the record of the first discount bouses for
deposits are subjoined:
nights discussion in Parliament. The Liberal leaders, however,
Per cent.
8*
after a little fencing, seem compelled to come to the conclusion Joint-stock banks
Discount houses at call
3#
that they are bound to support the Government policy, and we Discount nouses with 7 days’ notice
3#
Discount houses with 14 days’ notice
3#
may be sure that if Parliament and the country are of one mind
The following are the current rates of discount at • the
on the subject, the present
unsatisfactory condition of things will principal foreign markets :
more quickly disappear.
Bank Open
We are assured by the Prime Minister
Bank Open
rate, mark’t.
rate, mark’t.
that the treaty of Berlin will be carried into effect ; that only
c*
p, c*
St. Petersburg
about a moiety of the time for its stipulations to be enforced has Pans
6
4#@5
Brussels....
Vienna and Trieste...
4# 4#@4#
elapsed, and that there is no reason to doubt that there will be Amsterdam
Madrid,Cadiz and Bar¬
Berlin
5
celona
6
6 @7
3#@4#
any delay in completing the contract.
Perhaps, when we bear in Hamburg
5
Lisbon and Oporto....
3#@4
5
5 @6
5
mind that, in spite of a little bluster, the Russian people are Frankfort.,
3#@4# New York
4#@6
5
4
Calcutta
5
Leipzig..,.,
earnestly desirous of peace, and that a long peace is necessary for Genoa
4
4
4@4# 4 @4#
Copenhagen
4
4
all the European nations, the apprehensions of war are becoming Geneva
Annexed is a statement showing the present position of the
more remote.
There is, as is well known, much commercial
distress throughout Europe ; dissatisfaction at this state of things Bank of England, the Bank rate of discount, the price of Consols,
is increasing, and on the Continent especially the people look to the average quotation for English wheat, the price of middling
Government for remedial measures.
It behooves the Government upland cotton, of No. 40 mule twist, fair second quality, and the
of each country to consider well those commercial interests, and Bankers' Clearing House return, compared with the four pre¬
even if
incapable of producing a revival of trade, it can at all vious years.
1S78.
•1877.
1876.
1875,
1874.
events do much toward giving confidence by assurances that
Circulation, including
£
£
£
£
£
peace will certainly be maintained. The royal speech on the
Dank post bills
29,647,675 27,375,210 27,924,871 27,593,036 26.035,571
3,595,152
4,656,903
6,398,081
4,646,904
occasion of the opening of Parliament was a very brief one, and Public deposits
5,537,610
Other deposits
25,869,466 19,629,143 25,427,699 21,020,176 15,831,642
the Liberal leaders and Mr. Gladstone regard the omission of an Government securities. 14,737,624 13,182.326 15,832,797 13,852,842 12,879,615
securities
20,728,354 17,475,305 17,102,566 18,956,810 16,831,469
allusion to the depressed state of our commerce as a serious over¬ Other
coin
9,629,937
11,938,971 11,604,603 16,787,290 10,795.363
sight. The Prime Minister defends himself and his Cabinet by Coin
and bullion in
both departments
asserting that were the badness of trade peculiar only to this
26,864 256 23,618,003 29,400,215 23,030,433 20,316,262
Proportion
of reserve
country, it would be a fit subject for a paragraph in the speech ;
to liabilities.
47*05
52#
40#
3 p. c.
5 p. c.
4 p. c.
6 D. c.
but being almost universal, he fails to perceive what help the Bank-rate
2p. c.
Consols
95#
93#
93#
92#
94#
Government can render.
The Government, however, are of English wheat,av.price 41s. 3d.
48s. 4d.
46s. 7d.
44s. Sd.
51s. 7d.
Mid.
5 9-16d.
cotton...
6#d.
6#d.
6Jid.
7Xd.
opinion that the worst part of the distress has been seen and No. 40Upland
Is. Od.
Is. Od.
male twist
lOd.
9#d.
ll#d.
experienced.
Possibly tjiis is a sanguine view, as we have only Clearing House return.105,829,000 109,932,(00 112.520,000 88,230,000 103,830,000
There has been a fair demand for gold for Germany duriDg the
just entered upon the winter months, and it is a very genera]
opinion that during the remainder of the present month and in week, and in addition to the absorption of all arrivals, about
January there will be no increase of business, and that the earn¬ £100,000 has been taken out of the Bank. The inquiry for silver
ings of the working classes will be small. It is satisfactory, how¬ for India has fallen off, and a larger amount of Council billa
ever, to notice that provisions are cheap, though London is not having been disposed of, the quotation is rather weaker; but
00 well off as the
manufacturing districts in this respect. The Mexican dollars are firm in price. The following are the present
effects of bad trade influence the prices of provisions more in the quotations for bullion:
nection with the
..
.
...
,
1342
THE CHRONICLE.
GOLD.
Bar Gold, fine
Bar Gold, reflnable
8.
per oz. standard.
per oz. standard.
per oz.
peroz.
peroz.
peroz.
Spanish Doubloons
South American Doubloons
TJnited States Gold Coin
German gold coin
SILVER.
Bar Silver, fine
Bar Silver, containing 5
Mexican Dolars
Chilian Dollars
Quicksilver, £6 10s.
Tenders
73
73
76
76
d.
9
8.
10)£©
9
9
Od. to £6 12s. 6d.
d.
ing quantities of
wheat and flour have been
British markets since harvest:
@ 77 93^
©
©
32£©
84©
....
-
Imports of wheat
....
Total
....©
49%©
49 ft®
ttxports of wheat
per cent.
received at the Bank of
England on Wednesday
for £300,000 in India Council drafts.
Tenders at Is. 7 5-16J. the
rupee received about 8 per cent.
Messrs.
duced
a
were
Baring Bros, and Messrs. Glyn, Mills &
loan for the Government
of
Canada for
The
Co. have intro¬
£3,000,000.
not
exceeded
most
difficulty supported.
during the closing weeks
tions
opera¬
attention, and,being scarce, are
firmness, the damp condition of the English
supplies
necessitating a larger admixture of dry foreign produce than
held with
usual.
an
unnecessary agitation for a uniform rule for the
grain by weight. Wheat at present is sold
by at least
forty different weights, and barley by as many more. At London
and other places wheat is sold
by the quarter, of eight imperial
bushels; at Beccles, and other places, by the cooinb, of four
imper¬
ial bushels; at Sheffield,
Doncaster, and other places, by the load,
of three
imperial bushels ; at Oxford, Cirencester, and other
places, by the load of five quarters; at
Ulverston, by the load of
144 quarts ; at
Bedford, and other places, by the load of five
sale of
imperial bushels ; at Newcastle, Plymouth,
Darlington, and
other places, by the boll of two
imperial bushels ; at Berwick,
Dunse, and Kelso, by the boll of six imperial
bushels; and at
Carlisle, by the boll of three imperial bushels. At
Birmingham,
Gloucester, and other places, wheat is sold by the bushel of 6‘21b.
at Liverpool and
Manchester, by the bushel of 701b.; at Stafford
and
Wolverhampton, 721b.; at Chester, Shrewsbury, and other
places,J 7olb.; at Monmouth, Abergavenny, and other places,
801b.;
at Carmarthen,
6flb.; at Aberystwitli, 651b.; Walsall, 061b.; at
Glasgow, by the boil of 240ib.; at Lichfield, by the
bag of 190!b.;
Dublin, Cork, and other places, by the barrel of
2501b.; Belfast,
Newry, and other places, by the 1121b. cwt.; at
Preston,
by the
windle of 2201b.;. and at
Denbigh, by the bobbet of 1631b.
The large measure is
by the quarter of eight imperial bushels;
but it is obvious that a
change is desirable, and sale by weight
would be more
satisfactory. Even in London, where wheat is
sold by the imperial
quarter, it is practically disposed of
by
weight, as many sellers have to guarantee a certain
weight
per
bushel or
29,958,913
4is. 5d.
cwt.
cwt.
Barley
Oats
Peas
Beans
Indian Corn
73,193
31,439,098
47s. 2d.
1875.
18.453,05T
3,155,889
2,80,410
343,075
3,116 128
615,163
1,258 732
-
7,816,867
1,973,843
11,657.870
1,704,015
1,672,214
346,438
72,676
.
G40,340
1.370.364
602,017
22,747
51,481
35.495
5,483
2,368
..
1,036,292
5,987,537
5,233
46.587
6,623
.8,120
86,996
26,493
Flour.....
7,705
41.147
,
74,333
8,013
4,461
10.9)4
157,435
13,968
35,945
12,409
3,360
10,799
5,517
The Board of Trade returns for
November, and the eleven
months ended Nov. 30, were issued to
day. They show the
•
following results:
1876.
£
Imports in November
.
1877.
£
1878.
£
31,84/618
25,681,557
■
32,414,372
Imports in eleven months
Exports in November
Exports in eleven months
..3 44,2-<3,74 9
S61,045,053 338,982,932
1/51/627 16,753,3^.4 15,961,669
185,325,348 182,811,576 178,143,305
The
in
following figures show the exports of cotton piece goods
November, and in the eleven months, in each of the last three
years:
1876.
To Germany
Yards 3,854,000
To Holland
3,833,400
To France
6,427,100
To Portugal, Azores, and Madeira
4,006,300
To Italy
6,619,800
To Austrian territories
1,451,800
To Greece
3,750.700
To Turkey
28,243,000
To Egypt
6,397,400
To west Coast of Africa
2,582.700
To United States
2,521,600
To Foreign West Indies
5,511,500
To Mexico
'
1,166,900
To United States of Colombia
(New
1877.
Granada)
To Brazil
To Uruguay
To Argentine Republic
To Chili
To Peru..;
To China and Hong
Kong
To Japan
To Java
To Philippine Islands
To Gibraltar.
To Malta
To British North America
To British West India Islands
Guiana..
Madras
dominating....
4,606,800
831,900
2.421.100
4.690.400
15.185.400
1.452.800
3/204,500
4.330.400
2.947.800
28,091,100
2,3 4.C-0O
973,900
3.483.400
5.953.100
3.498.900
1.548.600
3.903.600
670,900
4,091,300
1,346,600
8,013 700
2,642,000
29.275.200
6,220,0 >0
40,695,100
4.210.100
55,255,200
5.920.900
2.232.200
72.219.200
6,( 33,900
22/272,800
219,193,500
76,702,100
219,35/100
91,503,600
215,177,300
89,334/200
1,933,500
1,585,900
312,797,200
306,097,400
7.451.200
18,940,500
pre¬
1,171,900
Total
2.982.400
6,070,900
2.405.300
2,576,100
3,545,000
:
Total unbleached or bleached
Total printed, dyed, or colored
Total of mixed materials, cotton
9.471.100
2.530.800
10/04,4u0
1,782,500
8,S62,400
22,372,300
Ceylon
To Australia
To other countries
34,740,900
4/27,600
36,710,900
4,116,700
56,383,900
6,457/00
Straits Settlements
3,^69,300
30,93/000
5,452,830
13,455,000
3,574,900
7.814.700
2,952,000
1,^88/ 00
16.357,300
3,2>5,600
and
.’.
55s, 900
2.978.500
6,392.200
4,015,200
2.883/200
Bengal
4.201.100
5,57o,000
5,086,400
5.941.100
1,166,200
2.361.300
2,334,800
37,4 41,000
4,704,700
.5,629,100
3,828,700
3,593,500
3,253,900
794,900
Bombay
2.718.800
8.516.300
-4,131, (.00
840,200
11,074,700
1,096,700
1,698,800
To British possessions in South Africa.
To British India—
1378.
8.262.500
2,43 J,300
4,854,600
5,OJH,000
5.191.700
.
297,067,500
‘
COTION PIECE GOODS OP ALL KINDS IN
ELEVEN MONTHS.
1876.
To Germany
To Holland
To France
To
To
To
To
To
To
To
Yards.
48,678,000
44,178.600
82.433,400
Portugal, Az ires, and Madeira.
63.945,500
Italy
83,789,100
Austrian territories
11,387.500
Greece
27,2M,5dO
Turk y
236 792,900
Egypt
89,873,400
West Coast of Africa
2),187.900
To Brazil
779,773 quarters, against
657,996 quarters; while in the whole
Kingdom it is computed
that they have been
3,119,000 quarters against, 2,632,000 quarters
in the
corresponding period of last season. Without
reckoning
the supplies furnished
ex-granary, it is estimated that the follow-
31,567,291
exports. 0
Wheat
to
been
1876.
10,353,079
3,877,423
3,413.^31
4S1.705
3,592,445
454,'.16
9,201,697
1,3J7,2G2
Indian Cpm
Flour
estimated
principal markets have
1,6*2.234
11,442,000
exports of cereal
1877.
528,280
To Mexico
To United
in the 150
47s. 2cL
17,191,526
4,236,622
3,364,339
Oats
Peas
Beans
During the week ended Nov. 80, the sales of home
grown wheat
in the 150
principal markets of England and Wales amounted
51,323 quarters, against 40,029 quarters last
year; and it is
that in the whole
Kingdom they were 205,300
quarters, against 160,200 quarters in 1877. Since
harvtst, the sales
24.590,308
55s. Od.
imports and
14,459,731
1
quarter.
the
18,455,037
21,940,624
360,516
614,426
1875.
cwt.
COTTON PIECE GOODS OP ALL KINDS
IN NOVEMBER.
of the year, and the abundance of
foreign supplies, together with the dullness of the American
markets, justifies them in buying from hand to-mouth.
Dry
-Russian wheats, however, attract
There is
29,206,160
season
'
10,353,079
1,704.0)5
12.833,500
11,403,OOJ
30,573.369
1878.
Wheat
£1,619,000, and
inactive state, and former
prices are with
Millers seldom care to extend their
17,191.52ft
1,973,843
.
following figures show
Barley
invest, and consequently prices show a tendency to
give way.
The foreign market,
however, has, on the whole, been steady,
though United States descriptions have slightly declined in
value. The principal adverse movements
have been in British
railway shares.
The imports of
foreign grain continue liberal, and, notwith¬
standing that the weather has become more severe, the trade for
a
1876.
cwt.
IMPORTS.
the list remains open until
Monday.
There has been a run upon one of the West of
England banks
this week, but the London
agents seem to have had no apprehen¬
sions, and have paid all drafts presented to them.
On the Stock
Exchange, business has been remarkably quiet,
and during the last few
days has been rather dull. The firm¬
ness of the
money market has been productive of some
weakness,
but there is
scarcely any desire shown either to speculate or
wheat is in
1877.
ewt.
...29,872,993
666,853
„
A
One of the terms of the loan is that
subscribers must take the
guaranteed and unguaranteed bonds in equal
portions. The
applied for, however, lias
upon the
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:
moiety is guaranteed by the Imperial Government, the rate of
interest being 4 per cent per
annum, and the price of issue 96£.
amount
and flour....
Result.....
Aver, price of Eng. wheat for
1878.
cwt.
14,459,731
1,897,262
13,516,090
Imoorts of flour
Sales of home-grown produce
d.
....©
Discount, 3
placed
....
....
d.
per oz. standard.
per oz. standard.
per oz.
per oz.
grs.3Gold
77
77
[VOL. XXVII.
...
To United States
To Foreign West Indies
States
of
52.387.400
72,973.100
Colombia
(New Granada)
To
To Argentine
10
28,191,000
163,561,100
23,439,400
Uruguav
To Chiii....
To Peru
To China and
To Japan
Republic.
25,574.803
55,749,6. 0
...
H^ng Kong
Java
13,446,700
19.4 44.3(0
4)6,098,500
41,310/01
66/05.300
T.» Philippine Islands
'lo Gibraltar
To Malta
2/744,»;0o
To British North America..
83,258,70)
..
.
...
35,384.500
2»,060,100
1ST 7.
1878.
71,269,700
45,50/700
59,423,9 0
64,922,200
63.521.500
43.287.700
60,14/303
61,834.800
64,083,700
76,163/00
11,840,400
25 459,300
231.703,800
90,101.9 0
31,232/00
58,IS-',200
74,6-d/lOJ
38.431,600
39,120,300
lt>2,5>l,'.01
25.93)3,:00
56.285.80042,200,9f0
34,7<6 300
349,494,800
2>/-71,901
77,544,100
4/19.800
28,33/200
22/0/50®
42,204/00
10.595.700
83.892.300
30/952,500
84.819.500
80.498.300
45.414.300
67,201.400
23.305.900
48.470.900
1.54,261,100
22.201.300
60,662,200
34.669.900
39.451.300
80/451,200
37,874,100
53.190.700
34,415,200
18.730.300
25.733,600
36.6i7.80a
j
THE CHRONICLE.
December 21, 1878. j
To British West India Islands and
Gu ana
1878.
Dec. 14—Str.
1876.
1877.
40.523.600
40.257.400
37,269,800
15,510,"00
15,328,530
21.133.100
Bombay
Madras.
32*,177,300
50,107,000
330.419.300
313,721,800
43.823,SCO
Bengal
691,337,300
To British possessions
Africa
To British India—
in
643
City of Brussels....Liverpool.
....Amer. silver bars.
Amer. gold bars,,
For sil. (5 f. p’cs>.
South
Straits Settlements..
32.562.300
814,775,700
105,09^,703
27.217.400
50,446,*00
89.434.600
32,0 3,GOO
47,828, 00
253,441,700
Ceylon
To Australia
To other countries.
Total
20.254.100
65.662.100
243,640,500
2,470,076,900
l,04l, 620, oOO
2,341,949,600
984,862,600
10,54',703
11,936,900
10,783,000
3,364,491,700
3,523,634,400
3,337,545,400
predominating
Total since Jan. 1, 1878
740,321,403
73.402,900
232,942,303
Total unbleached or bleached.. ..2,440,633,000
Total printed, dyed, or colore J... 913,313,000
Total of mixed materia s, cotton
Total for the week ($224,767 silver, and $11,300 gold)
Previously reported ($6,124,741 silver, and $5,815,434 gold)
43.134.032
1873
1872
46,556,710 1 1867
1866
Same time in—
I
|
j
I
1871
;
1870
1869.
[ 1888
specie at this port during the
Dec. 9- Str. Ailsa
English Market Reports—Per Cable.
Dec. 9—Str. Crescent
Savanilla
City
Aspinwall
Mon.
Tues.
Wed.
Dec. 17.
50
Dec. 18.
94 7-16
94 5-16
94 9-16
.
.1063*
94#
105#
no#
106#
106#
183%
13*
78#
32*
76*
..
..105*
.110
U. S. 5s of 1881..... 108*
.
.
Illinois Central.
•
.
Phila
&
105 #
110#
!04*
HO#
110
106*
108*
106#
19#
79*
32#
108*
106*
106*
18*
.
79
33
....
c
—
2#
-
....
Liverpool Cotton Market.—See special report
Liverpool Breadstuffs Market.—
Mon.
d
23 6
Sat.
d.
s.
Flour (extra State).... tfbbh 23
Wbeat, spring, No.l 14? 10 1 Tb
do
do
do
do
do
Corn,
do
6
6
23
79#
32*
12#
Thur.
d.
23 6
,
•
•
•
8 0
8 8
8 10
Southern, new. “
Av. Cal. white.. “
9 4
Cal. club.
9 8
“
miied toft, old, # qr. 24 3
23 3
“
prime, new
8 0
8 8
8 10
9 4
9 8
24 3
23 3
..
•
•
•
•
8 0
8 8
8 10
9 3
9 8
24 3
23 3
as
8 ”6
8
8
8 10
9
3
9 8
24 3
23 3
Sat.
d.
Pork, Wesfern mes8..$ bbl. 40 0
Bacon, long el’r, new.% cwt. 23 6
Mon.
s. d.
Tues.
s.
d.
40
0
6
6
40
23
25
6
6
0
25
6
23
25
Beef, prime mess, new.$ tc.
Lard, prime West.. .$ cwt. 31
6
31
9
31
6
0
45
0
45
0
Bacon, short el’r.
new
Cheese, Amer. choice.
“
“
45
Wed.
s. d.
Thur.
s.
40
23
25
0
40
6
6
31
45
6
0
23
25
7?
31
45
d.
0
6
6
0
6
0
Liverpool—
Tallow, prime City..
8pirits turpentine
Rosin,
common
cwt
“
.
“
......
“
London—
Petroleum, refined..
gal.
Petroleum, spirits....
Mon.
b.
36
22
4
10
9*
-
d.
9
0
9
0
41
Fri.
d.
23 6
Cl
s.
II
Wed.
8. <1.
Thur.
36
22
4
10
36
22
4
10
36
22
4
10
9*
9*
....
8’ *6
6
0
9
0
9*
10#
8.
d.
6
0
9
0
9
and
Exports
for
the
9
9
24
23
1875.
General merchandise...
$963,561
1876.
$918,459
4,315,955
8,125,595
Total for the week..
$5,279,516
$4,044,054
Dry Goods
3
40
23
25
77
31
45
$269,717,540
$306,767,261
In
of
our
36
22
4
10
6
0
9
0
8*
11*
one
1878.
week later.
The following is a statement of the
exports (exclusive of specie)
from the port ol New York to foreign
ports for the week ending
Dec. 17;
EXPORTS FROM NEW YORK FOR THE WEEK.
1875.
„
For the week
Since
The
1876.
1877.
$6.319,C59
$6,286,600
245,481,262
$5,724,257
261,254,661
277,242,462
January 1.... $251,767,862
$266,977,921
$283,561,521
Previously reported,...
following
208.003
213,000
-
335,000
222,000
..
r«3
S5
61
43
3-»
43
-
271,021 26
894.267 83
406,267 77
Coin.
Currency.
$207,766 14
5,h38,H5 28
$375,663 75
552.897 96
3,638,703 03
247,201 91
332,215 02
...
.
952.774 47
279.071 12
843,836 08
369,385 60
447,179 60
$1,569,000 $3,930,112 21 $3,035,479 33 $10,616,839 34 $3,267,910 62
express
companies doing
I
To Chica~o
To St. Lotus
To Terre Haute
To Columbus, Ohio
...
To Cincinnati
,
Reduc’
Old
New
rate.
rate.
tion.
$4 50
$2 50
$2 00
5 10
3 0J
2
2 00
75
1 25
1 50
S 50
3 00
3 50
1 75
2 00
The classiScation of packages, which is now low on account of
the cimpetition of the Post Office, will remain the same under
the new tariff, and the time made to the West will not be
changed.
Pittsburg,—The PuUic
$276,922,453
report of the dry goods trade will be found the imports
dry goods for
$393,775
1,213.611
323,865
733,331
608,135
657,392
Currency.
$352,217 03
622,865 36
518,800 03
charges of 40 per cent. The change will go into effect
January 1, 1879, when the rates to the principal Western points
will be as follows per 100 pounds:
Fri.
s. d.
$7,272,070
269,650,383
Since January 1... $316,625,165
Sub-Treasury have been
of express
0
6
0
0
3
0
$1,177,106
6,094,934
285,673,466
9,624,432
Express Charges Reduced.—The
Fri.
d.
1877.
$834,072
3,135,623
311,345,649
Previously reported
3,145,592
1886
business from this city to the
West—Adams, American and
United States companies—have agreed to an average reduction
s.
imports of
preceding week, show
$3,969,695
302,797,566
7,013.821
1867
Bmlance, Dec. 13
125.437,453 OS 46,885,722 48
Balance, Dec 20....... 118,750,665 95 46,683,291 13
7
3
FOREIGN IMPORTS AT NEW YORK FOR THE WEEK.
„
16..
17..
18..
19..
20..
Total..
3
general merchandise.
against $5,736,894 the pre¬
ceding week and $5,748,683 two weeks previous. The exports
for the week ended Dec. 17 amounted to
$6,331,833, against
$6,164,702 last week and $7,195,710 the previous week. The
following are the imports at New York for week ending (for
dry goods) Dec. 12 and lor the week ending (for general
merchandise) Dec. 13:
_
1868.....
Coin.
$270,000
291,0(10
.
,.
8
8 10
Week.—The
last week, compared with those of the
an
increase in
both dry goods and
The total imports were $7,272,070,
11,550.710
14.975.000
8
©ewwjetxiat ami JHiscjeltaticuxts JX eius.
Imports
I
II
1
Tues.
8. d.
9
0
9
0
....
12,850,403
6,184,422
18,633,756
5,536.061
$8,582,679
-Payments.-
Liverpool and London Produce Markets.
Sat.
s. d.
36 9
22 0
4 9
10 0
$20,781
18,717,502
Same time in—
Customs.
Liverpool Provisions Market.—
8.
475
1871
1870
1869
The transactions for the week at the
follows:
•
8 0
8 8
8 10
9 3
9 8
24 3
23 3
Amer. silver
Gold bullion
......
($11,533,487 silver, and $7,201,796 gold)..f 13,738,253
$14,472,829
.21,100,782
1874
1873
1872
19
s.
500
3,200
2,500
Amer silver
St. Thomas
Total since Tan. 1, 1878
Dec. 14
Wed.
d.
23 6
2,750
1,075
2,960
Amer. silver
Havre
Same time in—
1877
•
1876
1875
cotton.
8.
5,000
,
Total for the week ($15,306 silver, and $5,475 gold)
Previously reported ($11,521,181 silver, and $7,196,321 gold)
84 1-16
94 5-16
..
$2,321
......
Santiago de Cuba.Amer. silver
Amerique
Dec. 14—Str. Bahama
•
.
do No.2new“
winter W. new “
.
Tues.
s. d.
8.
on
i’ec. 13—Str.
49#
94 3-16
94 7-16
105
94#
Dec. 13—Str. Norman
Fri.
Dec. 20.
49*
94 5-16
105#
no#
108*
106#
...
Reading
50
94 7-16
94 9-16
18#
7:i
Ttinr.
Dec. 19.
periods have
Silver bar*
Silver bullion
daily closing quotations in the markets of London and
Liverpool for the past week, a3 reported by cable, are shown in
the following summary:
London Money and Stock Market.—The bullion in the Bank
of England has increased £514,000 during the week.
Dec 16.
5)
same
Amer. silver
Gold du*t
The
Sat.
Dec. 11.
1. 50 1-16
$236,067
11,910,175
($6,349,5C8 silver, and $5,826,734 gold)....$12,176,242
Same time in—
1877
1876
1875
1874
The imports of
been as follows :
$39,150'
300
450
1878.
$6,331,833
327,526,596
$333,856,429
will show the exports of specie from the port of
says : “ In view of the recent decision
Supreme Court of Pennsylvania, a few facts regarding the
bonds affected may be of interest.
On the 1st of October last
of the
due in interest on the street improvement bonds $766,There is also to be added a temporary 6 per cent loan of
$46,500 due January 1, 1878. and a temporary 7 per cent gold
loan due October 1,1878, of $250,000, making a total of interest and
there
was
427.
matured principal of $1,062,927. In this statement are not included
the temporary loan bonds (issued to pay past interest) of 1874, 1875
and 1876.
The sum of these loans and the original principal
amounts
to
$5,776,700 ; add to'this the $1,062 927
now
due, and
find that $6 839,627 is affected by this decision. Of course
there is also future maturing interest, $13,923 of which falls due
in January next and $16,210 in February.
Many of the bond»
are held in
Philadelphia, and it is reported that those holding
them have proposed to take temporary loan bonds at 6 per cent
interest for the interest and temporary loan bonds now due, pro¬
vided the city will make provision for the payment of next year’s
we
interest.
They further agree to give up the present 7 per cent
ten-year bonds for others running thirty years and bearing interest
at the rate of
6 per cent.”
—Rogers’ groups of statuary, the advertisement of which will be
found in our advertising columns, are among the prettiest works
of art whicn come within reach of llie business man of moderate
means.
Mr. Rogers has given nearly a life time to this art, and
bis subjects are all of an order which show great taste and judg¬
ment in the selection, aside from the skill with which they areexecuted.
He is now at work on a new subject entitled “ The
Polo Players”, which, together with his group recently completed
entitled “The Peddler at the Fair,” will add new laurels to his
already established reputation.
—Attention is directed to the advertisement of the Southern
Nevada
Mining Company. This mine is situated in Esmeralda
ending Dec. 14, 1878, and also a com¬
Nevada, one of the famous mineral counties of the State.
County,
parison of the total since Jan. 1, 1878, with the corresponding
The company has already opened four shafts. In the last one
totals for several previous years:
opened (No. 4) the superintendent reports finding a ledge at a
Dec. 7—Str. E. B. Souder
Porto Plata
Mex. silver coin.
$3,600 depth of about fifty feet
showing six to eight feet of ore whieh
St. Domingo
Mex. gold dole...
1,(00
11—Str. Crescent City..... Panama
Amer. gold coin..
assays from $150 to $600 per ton. Mr. H. L. Bean, the agent in.
10,'00
Dec. 12—Str. Herder
London
Eng. silver coin..
3,350 this city, reports 17,000 shares of stock under contract, and is now
Mex.
silver
dols..
4,0 0
negotiating for the sale of the balance, 8,000 shares, full paid
14—Sir. Nectar
London.Mex. silver dols..
83,257
Mex. sil. bullion..
15,960 working capital at $2 per share, owing to the recent reports from
New York
for the week
Tk
4*
-i
vr
„
Amer. silver bars.
70,000
the minej
644
THE
CHRONICLE
^vmktxs7 ©alette.
[Vol. xxvn.
Closing prices at the N. Y. Board have been
Interest
Period.
NATIONAL BANKS ORGANIZED.
The United States Comptroller of tlie
Currency furnishes the
following statement of national banks organized :
2,404—People’s National Bank of Marlborough, Mass. Authorized
capital,
$100,000; paid-in capital, $50,000. Elbridge Howe, President;
John
L. Stone, Cashier. Authorized to commence business
Dec. 11,1878.
DIVIDENDS.
The following dividends have recently been announced
Per
Name
or
Company.
:
When
Cent.
Books Closed.
Payable. (Days
inclusive.)
Railroads.
Boston Revere Beach & Lynn
Lake Shore & Mich. South.
Michigan Central
Norwich & Worcester
Richmond & Petersburg
Union Pacific (quar)
United New Jersey (quar)
$3
Jan.
3
2
5
2
Jan.
Bank of America
4
5
3
Bowery Nat
Fourth Nat
Hanover Nat
Importers’ & Traders’ Nat
Market Nat
Merchants’ Nat
7
3^
3#
4
3
3
4
Nat. Butchers’ & Drovers’
Nat. Park
Oriental
Tradesmen’s Nat
miscellaneous.
Wells, Fargo & Co. Express
Dec. 26 to
Dec. 21 to
Jan. 2.
Jan. 2.
Jan. 2.
Jan. 2.
Jan. 2.
Dec. 31.
Jan. 2.
Jan. 6.
3%
Metropolitan
*
Feb. 1.
Jan. 8.
Jan. 6.
Jan. 2.
Jan. 10.
2X
Banks.
2.
2.
3X
Jan.
Jan.
Jan.
Jan.
4
Jan. 15.
Dec. 21 to
Dec.
Dec.
Dec.
Dec.
22
19
15
20
Dec. 15
to
to
to
to
to
to
to
to
Jan. 5
to
Dec. 18
2.
2
2.
Dec. 19
Dec. 21
little
Money Market and Financial
new or
Jan. 1
1
1
2
Jan.
Jan.
Jan.
Jan.
Jan.
Jan.
Jan.
7
1
3
1
Feb. 5
Dec.
18.
1061a
1065s
IO6I2
1065s *106% *106%
1093s 1093s
Dec.
19.
P. HI.
Dec.
20.
10912 10912 109% *10938
*100% *100% *100% *100%
*103% *103% *103% *103%
*103
*106
This is the price bid; no
*103
*106
*103
*102% *102% 1025s
*105% *105% 105% 105%
*106!% *106!% *106% *100%
*109% *109% *109% *109%
107% 108ie 108% 108%
108
10818 *108
*108
106!% 1065s 1065s 106%
106^8 1065s 1065s *100%
*104^ *10412 *104% *104%
10412 10412 *104% 104%
*993s *9912 *99% *99%
IOOI2 10012 100% *1003s
119%i*119% *119% *119%
sale was made at the Board.
Dec.
6.
Dec.
13.
been
as
*106
108
*108
*105
*108
*108
108%
*106%
*106%
104%
104%
99%
1003s
*119%
*108%
*106%
106%
104%
*1043s
*99%
*1003s
119%
follows:
Range since Jan, 1, 1878.
Dec.
20.
Lowest.
U. S. 6s, 5-20s, 1867
U. S. 5s, 10-408
5s of 1881
Highest.
108% x05% 104% 104% Dec. 20 109% June 8
110
104% Feb. 25 111% July 30
109% 110
108% 108% 108% 1033s Mch. 1 109% July 9
106% 106% 106% 102% Feb. 25 107% July 30
4%s of 1891
State and Railroad
Bonds.—There have been considerable
transactions in Louisiana consols at
fluctuating prices, closing
about 70 bid; it is not decided whether the
January interest will
be paid in full.
In South Carolina the Court of Claims has dedecided against some $2,350,000 of the consolidated
bonds, on
the ground that the “ vouchers ” for which about
$1,500,000 in
value, of these consolidated bonds were issued, were not entitled
to be so exchanged into consols.
Thus if $1,000 in old bonds, or
vouchers,” were exchanged for $500 consolidated bonds, and
of those old bonds
only $50C were entitled to be exchanged, the
Court now holds, as we
interpret the decision, that the $500
“
Situation
startling in Wall street, and the
—There
is
specie
cepted
any immediate trouble
in the government’s effort to maintain its
Should the silver law remain sub¬
stantially unchanged as at present, so as to leave tlie option with
the Secretary of the
Treasury to coin only $2,000,000 silver dol¬
lars per month, as a
minimum, it is doubtful whether any serious
injury would arise from its working for a
notes at the
Dec.
17.
Jan. 8
most salient point
is the decline in
gold to par. The resumption of
payments on the first of January, 1870, appears to be ac¬
as a settled fact, and there are few now who
anticipate
of the week
follows:
Dec.
16.
Closing prices of securities in London have
Jan. 5
Jan. 1
2.
FRIDAY, DEC. 20, 1878-5
The
6s, 1881
reg.
68,1881
coup.
6s, 5-20s, 1865...reg.
6s, 5-20s, 1865 .coup.
68, 5-20s, 1867...reg.
6s, 5-20s, 1867 .coup.
6s, 5-20s, 1868...reg.
6s, 5-20s, 1868 .coup.
5s, 10-40s
r eg.
5s, 10-40s
coup.
5s, fund., 1881...reg.
5s, fund., 1881..coup.
4%s, 1891
reg.
4%s, 1891
coup.
4s, 1907
-.reg.
4s, 1907
coup.
6s, cur’cy, ’95-99.reg.
as
Dec.
14.
specie standard.
consol bond is invalid,
although one-half of it is based on a
good claim, and for this good claim, when sifted out, a new consol
bond for $250 may be issued.
1 he decision will be appealed
directly to tlie Supreme Court. The Virginia Legislature passed
a resolution for a conference with
bondholders, but not on the
basis of tlie Barbour bill, as reported
in the 'press telegrams.
Georgia proposes to issue a new 4 per cent bond for home con¬
sumption.
Railroad bonds continue
very strong on a steady demand ;
there has not been quite as active a business on
speculative
account, but the general demand for bonds continues good.
Messrs. A. H. Muller & Son sold the
following at auction this
year or two yet, and
rapid are the changes in the different phases of tlie
question at home and abroad, it is more than probable thatmoney
Con¬
gress might see advantages in
repealing the law before it should
operate to the damage of the country. At all events, tlie tone is
week:
hopeful, and tlie extreme ease in the money market,
together
with the
Shares.
working of our silver law, and the decline in silver 10 ManhattanShares.
Life Ins
347
2,000 Penobscot & Snow-Drift
abroad, leaves the advocates of unlimited silver
Consol. Mining Co..4.75^4.90
coinage no 614 Farmers’ Loan & Trust
rational ground on which to
Co
178@181
urge their peculiar claims.
Bonds.
Our local money market has shown rather
65 Louisville New Albany &
$4,000 N. Y. County 7 p. c.
more
as is
firmness,
Chic.
RR
almost invariably the case in the latter
7%
bond, due 1891, with int.. 115%
part of December, in conse¬
8 City Fire Ins
128
480 Metr. G’light Co. scrip.. 90%
quence of the calling in of loans
21
Long Island Ins
164
400 U. S. Life Ins. scrip
preparatory to January disburse¬
86
ments.
On call loans the rates have
10 Relief Fire Ins
95
25,000 Dunkirk Warren &
ranged
from
3
to
7
per
cent,
12 Metrop’tan Gaslight Co.. 97
with the bulk of business at
Pittsburg RR. 7s, gold,
3@5 per cent. Prime commercial
50 Nassau Bank
82
due June T, 1900; road
paper is in demand at 5@6 per cent, with some
25
Second
Av.
RR
38%
leased by the N. Y. Cent.
eqceptions at 44
so
per cent.
The Bank of
England weekly statement on Thursday showed
a gain of
£514,000 in specie, but a decline in the reserve to
28£ per cent of liabilities, against 31| per cent tlie previous week.
An
increased demand for
money was reported, and rates on ‘ ‘’ad¬
vances ” were in some cases
up to 7 per cent, but the bank’s
nominal rate of discount remains at 5
per cent.
The Bank of
France showed a gain in
specie of 4,800,000 francs for the week.
The last statement of the New York
City
issued December 14, showed an increase of Clearing-House banks,
$1,461,750 in the excess
above their 25 per cent
legal reserve, tlie whole of such excess
being $9,827,800, against $8,366,050 the previous week.
The following table shows the
changes from the previous
and a comparison with the two
preceding years.
1878.
Dec. 14.
Loans and dis.
Specie
Circulation
..
Net deposits
.
Legal tenders.
week
previous week.
1877.
Dec. 15.
1876.
Dec. 16.
$238,047,200 Dec.$l,768,300 $237,504,000
$254,147,200
20,882,900 Inc.
20,141,600 Inc.
206,134,400 Dec.
40,478,500 Inc.
713,200
83,400
924,200
517,500
19,566,800
18,676,700
195,896,400
37,562,900
United States
Bonds.—There has been
in government
quite
an
26,947,200
15,121,100
206,524,500
36,532,400
active busi¬
securities, in addition to the large subscrip¬
tions to the 4 per cents. The
calling in of all tlie five-twenties of
1865 leaves the 1867s next to be
called, and the holders of these
are
naturally uneasy and anxious
a
premium.
to
change off their bonds
while
The seventy-fifth call for the
redemption of 5-20
by the Secretary of the Treasury Dec. 18, is for bonds, made
$10,996,100,
embracing the whole balance of the remaining five-twenties
of
1865.
The principal and interest will be
paid
March
18,1879,
and
the interest will cease on that
day. The following is a description
of the
.
bonds:
Coupon bonds-$100, Nos. 147,001 to
148,720, both inclusive; $500,
V A°T’0?^ ,t0 106,695,
both inclusive; $1,000, Nos. 204,001 to
210,542, both inclusive. Total coupon,
$2,439,250.
^R<?l!8^ered
bonds—$50, Nos. 2,494 to 2,503, both inclusive; $100, Nos.
19,280 to 19,297, both
inclusive; $500, Nos. 11,327 to
both
S1*000* Nos. 39,305 to 39,316, both inclusive; 11,337,
Vh°lEv8iv£;
$5,000, Nos.
12,70o to 12,722, both
inclusive; $10,000. Nos. 25,701 to 26,586, both
inclusive. Total registered, $8,556,850.
Aggregate, $10,996,100.
39
59 B’klyu
RR
78
The
City & Newtown
following
were
payable
40%
1889,
$101
5,000 Selma Mar. & Memph.
RR. bonds, payable 1889,
$1,000 each, at
—$61
19,000 South Carolina State
bonds, payable July
1888, $1,000 each, at
$800 Guttenburg (N. J.) imbond (Herman
prov.
av.
improv.), $800, at
$240
51,000 St. Joseph &Pac. RR.
$1,000 each, at
due 1898
102%
Bondsf
$5,000 Lowndes Co. (Miss.)
bonds,
& Hudson Riv. RR
also sold at auction:
Shares.
100 Cent. Park N. & E. Riv.
RR
Bonds.
1,
$50
5,000 L. I. RR. 1st mort. 7s,
Differ’nces fr’m
ness
yet at
50 Second Av. RR
bonds, with int.
coupons
attached, $1,000 each;
$5,500 St. Joseph & Pac.
RR. bonds, with int. cou¬
pons attached, $500 each,
and $28,500 St. Joseph &
Pac, RR., 285 shares, $100
each, at
41^45 per cent
103%
*
Closing prices ot leading State and Railroad Bonds fer
and the range since Jan. 1, 1878, have been as
weeks past,
lows:
Dee.
13.
States.
Louisiana consols
Missouri 6s, ’89 or ’90
North Carolina 6s, old.
Tennessee 6s, old
72%
Deo.
20.
70
* 10634 * 106%
19
18%
*35
*73
Virginia 6s, consol
*34%
two
fol¬
Range since Jan. 1,1878.
Lowest.
69
Dec. 17
Highest.
85
102% Aug. 23 108
15
30
78
29
74
Men. 29
Nov. 7
Nov. 29
20
Feb. 11
June22
Dec. 2
39% May 14
*74
78
Nov. 29
do
do
2d series..
38% *34
July 31 41 Dec. 6
Dist. of Columbia, 3-65s
*79
79%
Apr. 12 85 June10
Railroads.
Central of N. J. 1st consol.... *80
*35
64% Mch. 4 90 July 11
Central Pacific 1st, 6s, gold.. 108
10838 103% Jan. 15 108% June 28
Chic. Burl. & Q. consols 7s... 115!% *116% 109
Jan.
2 116% Dec. 19
Chic. & Northwest, cp., gold
1023s 102
91% Jan. 14 1063s Nov. 30
Chic. M.& St. P. cons. s.f. 7s.. 100% 101
91% Jan. 5 102% May 25
Cliie. R. I. & Pac. 6s, 1917...
110% 106
Jan.
5 111
Dec, 7
Erie 1st, 7s, extended
*114
110
Jan.
7 116% July 8
Lake S. & M. S. 1st cons., cp.. * 112% *114
109
Jan. 10 114
Sept. 26
Michigan Central consol. 7s.. 111
105% Jan. 5 115
Oct. 29
Morris & Essex 1st mort
* 116% 116 % 115% Jan.
5 121
Oct.
8
N. Y. Cent. & Hud. lst,cp— * 121%
117% Sept. 10 122
June26
Ohio & Miss. cone. sink. id..
102% 102% 95% Feb. 20 105 Nov. 18
Pitts. Ft. Wayne & Chic. 1st.. * 121% *121% 118
Feb.
8 122
Oct. 18
St. Louis & Iron Mt. 1st m....
102% Sept. 20 109% Dec. 6
Union Pacific 1st, 6s, gold.... 108
*107% 103% Jan. 7 108% June 28
do
si nking fund.... 103% 106
923s Mch. 6 106
Deo. 18
*
This is the price bid; no sale was made at the Board.
.
December 21, 1878.
Railroad and
has shown a fair
THE CHRONICLE.
|
Miscellaneous Stocks.—The stock market
ings of all railroads from which returns can be obtained. The
columns under the heading “Jan. 1 to latest date” furnish the
slightly, notwithstanding the gross earnings from Jan. 1 to, and including, the period men¬
business, and closes stronger than last week.
The coal stocks have recovered
break in prices of coal this week, but the immediate outlook for
the coal trade can not be considered hopeful.
Lake Shore and
also Michigan Central were stiffened up to-day by the declaration
of dividends—3 per cent on the former and 2 per cent on the
latter—based on the reports of traffic as given below. Pacific
Mail has advanced since the settlement made with the railroads
and closes at about 14£.
Central of New Jersey is stronger at
32£, probably in consequence of the reported negotiations for a
through route in connection with Baltimore and Ohio.
At the meeting of the Board of Directors of the Lake Shore
road the following was submitted :
Treasurer's
Report of Lake Shore Railroad for the Year eliding Decem¬
ber 31, 1878.
Gross earnings
Expenses—60-61
per
$14,002,694
8,484,983
cent
Net
earnings
Interest, leases, &c
Balance
($5 59
$5,517,711
2,750,000
.
per
share
Sinking fund
$2,767,711
$250,000
P. & L. E. stock
200,000
200,544
76,019—
Construction
Ashtabula accident
Balance
Dividend, 1
per cent,
Dividend, 3
per
726,563
$2,041,148
paid 1st August, 1878
494,665
$1,546,483
1,483,995
cent, payable 1st February, 1879
Surplus
$62,488
There is no floating debt; the funded debt has been reduced
$250,000 by sinking fund, and now stands at $35,000,000. The
expenses include cost of 10,000 tons of steel rails.
At a meeting of the Michigan Central directors a
report of the
treasurer for the six months ending December 31, 1878. was sub¬
mitted, briefly as follows :
Net
earnings, 4-58
per
cent
$859,540
Paid on floating debt
that was outstanding July 1st,
1878
$451,239
Dividend of 2 per cent payable 1st February, 1879.. 374,764—826,003
Surplus
The
$33,536
daily highest and lowest prices have been
Saturda
rday,
Dec 14.
.
Central of N.J
28%
Chic. Burl.& Q. lv&k:
C. Mil. & St. P.
do
pref.
Chic. & North.
do
pref.
C. R. I. & Pac..
Del.& H. Canal
Del. Lack.* W
Mondaj
Dec. 17.
2Sys 30%
io«
iom
34%
■72H
x40%
x~4%
118
as
follows:
Tuesday, Wedn’sd’y Thursday,
Dec. 1C
35%
73%
47%
75%
118''
Erie, $4 paid..
Han. & St. Jo..
do
pref.
Illinois Cent...
Lake Shore
Dec. 18.
Dec. 19
Friday,
Dec. 20.
29% 30% 29% 31%
100% 107
100% 107%
34
35%
72% 18
72% 73
40% 47
45% 47%
74% 75%
74% 7f
118
11
118% 120%
37
37% 37
37%
41% 43% 41% 43
19% 18% 18% 19%
13% 13% 13
13%
34% 34
78
Michigan Cent
Morris & Essex
N.Y.C. & H. K.
Ohio & Miss...
Pacific Mall....
Panama.
Wabash
Union Pacific..
West. Un. Tel
Adams Exp....
American Ex..
United States
*121
21% 21
07% 67'
94% 95
105,Hi ioe%
*....
122% *120
20% 21% 20%
07
08
48
47
Wells, Fargo..
♦....
Quicksilver....
*12
ml
13
1*32%
pref.
....
33%
75%
120
37%
Central of N. J.I..
..
Chic. Burl.& Quincy.
Ohio. Mil. ASt.P..
do
do pref.
..
Chicago & North w...
42,051
4,857
48,455
60,995
162,175
85,855
11,265
10,779
208,300
40,985
do
do pref.
Chic. Rock Isl. & Pac.
Del. & Hudson Canal
Del. Lack. & Western
Erie
Hannibal & St. Jo.
950
do
do pref.
1,750
Illinois Central.
1,725
Lake Shore
129.190
..
Michigan Central....
Morris & Essex.... a
N. Y. Cent. & Hud. R.
Ohio & Mississippi...
Paciflc Mail
Panama
Wabash
Union Pacific
Western Union Tel...
Adams Express.....
American Express..
United States Exp...
Wells, Fargo & Co...
Quicksilver
do
pref
16,748
21,627
725
4,165
11,120
47
47
7,058
15,435
41,780
208
225
10
91
•
•
•
«
106
Mo. Kans. & Tex .2d wk Dec.
t Mobile & Ohio.. November.
60,085
307,581
156,994
27,309
4,647
70,065
252,766
11,786,672
356,725
167,050
700,239
861,261
9,322,200
688,284
793,065
8,840,332
4,152.579
4,8 L4,922
1,3 78,440
1,112,042
2,859.219
1, 406,036
8.176,675
3.044,847
1,617,774
1,675,833
Nashv. Ch.& St.L.November.
158,731 1,482,129 1,586,145
Pad. &Elizabetlit. November.
32,836
Pad. & Memphis..2d wk Nov.
4,094
158,120
159,897
Phila. & Erie
October... 352,695
393,151 2,378,585 2,561,804
Phila. & Reading.October ...1,408,674 1,527,774 10,249,094 11.959,227
St.L.A.&T.H. (brsllst wk Dec
10,760
464,804
10,780
487.338
St. L. Iron Mt. & S.2d wk Dec. 148,500
137,764 4,324,715 4,240,970
St. L. K. C. & No. .2d wk Deo.
65,262
81,830 3,174,294 3,039,872
St. L. & S.E.(St.L.)November.
55,439
62,977
603,447
568,477
do'
(Ken.).November.
34,355
16,111
66,715
27,509
45,501
327,375
299,778
158,903
138,936
81,686
497,031
430,912
13,855
260,216
59,064
311,649
259,890
44,430
110,614
535,305
536,238
289
18
18,289
28,409 1,194,536 1,069,555
1,084’,324 1,022.354 11,718,738 11,549,295
98,089 4,836,864 4.388,191
85.684
*
The figures in the last two columns do not embrace the Proprietary
Roads for the period prior to June 1.
t During October and a part of September, the operation of this road
south of Artesia, a distance of 219 miles, was entirely suspended, owing
to yellow fever restrictions.
do
(Tenn.). November.
St. Paul &S. City.October
Scioto Valley
November.
Sioux City «fe'St. P.October...
Southern Minn...October...
Tol. Peoria & War.2d wk Dec.
Union Pacific
November.
Wabash
2dwkDec.i
...
27,369
10,793
17, 1878.
Tuesday, Decem¬
A few gold loans are made yet and the rates paid
to-day were 1 to 3 per cent for carrying. Silver is quoted in Lon¬
don at 49^d. per oz.
The Treasury Department at Washington
continues its
weekly purchases of about 400,000
private terms.
Dec.
“
94%
“
106
“
“
98% 98% 9S%
12% *12
12%
34% *33% 34%
of gold,
ounces
and clearings and balances,
of silver
were
as
,
Low.
Balances.
Gold
High Clos.
“
14.. 100% 100% 100% 100%
16.. 100% 100% 100% 100%
17.. 100%
18.. 100
19.. 100
20.. 100
in prices since Jan. 1,1878.
Whole year
1877.
1, 1878, to date.
Highest.
1/
5 131
Jan.
12% June 26 23%
61% July 31 73
75% Feb. 13 102
•98
Jan.
8 109%
46
Aug. 2 52%
44
Aug. 7 51%
82% Jan. 7 99%
9% Nov. 11 19%
5 37
29% Feb.
Feb.
Nov.
Mch.
Oct.
Oct.
May
Feb.
Nov.
Feb.
June
Low.
11
15
8
9
17
11
18
10
10
2
13
11
11
29
18
10
5
15
16
25
11
20
31
25
8
25
8
25
15
6
94
11
40%
15
37%
82%
25%
30%
4%
7
17
40%
High.
3734
118 78
42%
73^4
437e
69^
105ia
74%
77
15
1£78
33 78
79
45
733s
35% 74H
51% 92%
85% 109%
2% 1138
12% 26%
80
73
56
91
845s
43%
following
Sovereigns
105
6014
59%
36
81
13
24
19%
45
90
100% 100
100
100
100
are
Clearings.
Gold.
Currency*
100
100
100
$6,847,000
$970,400
$972,462
5,867,000
10,650,000
24,446,000
24,638,000
8,891,000
896,500
1,221,000
1,783,000
1,266,217
1,099,518
898,241
1,223,145
1,788,515
1,270,518
$81,339,000
42,966,000
$831,800
$834,633
1,100,965
quotations in gold for various coins:
$4 84
Napoleons
3 84
X X Reichmarks.
X Guilders
4 74
3 90
Span’ll Doubloons.15 70
®$4 88
®
®
®
3 88
4 80
4 00
®16 10
Mex. Doubloons.. 15 50 ®15 65
Fine silver bars
108%®
108%
Fine gold bars....
par.®%prem.
..
Dimes & % dimes.
Silver *43 and %s.
Five francs
Mexican dollars..
English silver
....
Prus. silv. thalers.
Trade dollars
New silver dollars
983s®
—
99
®
—
88
85
®
®
—
90
—
86
4 75
®
68
®
—
70
98*4®
—
98%
997s®
—
par.
—
—
—
—
—
—
—
98%
99%
4 80
Exchange,—Foreign exchange has been variable in tone, yes¬
terday the market being heavy and to-day stronger again for de¬
mand bills on the unfavorable aspect of London affairs.
To-day
one of the prominent drawers advanced nominal rates to 4.89
for demand sterling, and the others were generally asking 4.83£
for 60 days sterling bills and 4.88£ for demand.
In domestic bills the following were rates of exchange on New
York at the undermentioned cities to-day : Charleston plentiful,
buying 3-16 discount, selling par; New Orleans, commercial,
0-I6; bank, £; St. Louis, 25c. premium; Chicago weak, buying
1-10 discount, selling 1-10 premium; and Boston, 25c. premium..
Quotations for foreign exchange are as follows:
Dec. 20.
130
59%
100
100
100
100
This week 100% 100
100% 100
Prev. w’k 100% 100% 100% 100%
S’ce Jan. 1 102% 100
102% 100
The
The latest railroad earnings and the totals from Jan. 1 to latest
dates are given below. The statement includes the
gross earn-
*Cliic.&Northw.&c.Novem ...1,403,728 1,236,412 13,407,696
36,183
36,008
351,877
Dakota Southern.October...
21,029
32,468
176,548
Denv. & Rio G...November.
117,363
80,083 1,033,048
Dubuque & S.City.lst wk Dec
19,351
15,243
887,162
Erie
August....1,445,929 1,271,131 9,735,284
Gal. H. & S. Ant..September
132,148
99,480
861,141
Grand Rap.& Ind.September
99,637
-97,723
877,729
Grand Trunk.Wk.end.Dec. 7 177,764
200,419 8,396,465
Gr’t Western. Wk.end.Dec. 6
73,407.
90,184 4,162,485
Houst. & Tex. C. .October... 426,832
361,649
Ill. Cent. (Ill.line).November. 483,948
474,012 4,934,305
do
Iowa lines.November.
125,365
144,880 1,350,764
Indianap. Bl. &W. 1st wk Dec
22,788
25,496 1,184,624
Int. & Gt. North.. 1st wkJ)ec
60,139
42,130 1,463,528
Kansas Pacific.. .2d wk Dec.
56,829
65,791 3,580,440
Clev.Mt.Y. &D..November.
Open
40%
13% Jan. 2 45% July
99% Feb. 28 114% July
27% Sept. 2 54% July
64
Oct. 14 84% July
32% Aug. 10 55% Apr.
59% Feb. 9 79% July
983q Jan. 15 120% Dec.
34% Dec. 9 59% July
4130 Dec. 9 61% July
7% Jan. 5 20% Nov.
10
Feb. 28 16% Nov.
2150 Feb. 28 41% Nov.
7230 Feb. 14 87
July
55 7s June 29 70% Oct.
O
58% Jan.
72% Apr.
June
6730 Feb. 28 89
103% Feb. 11 115
Sept.
6% June 29 11% Apr.
12% Dec. 7 23% Jan.
200 112
1,513^000
Quotations.
74i4.®74% for preferred stock. '
t Sales were also made, ex div., at 657s®66%.
Lowest.
..
The range
follows:
These are the prices bid ana asked; no sale was made at the Board,
t Sales were also made, ex div., at 45%® 46 for common stock, and
Jan.
...
on
*
Sales of
Week.
Shares.
Week
....
98%
12%
33% *33% 34
Total sales this week and the range
were as follows:
/—Latest earnings reported. -x '-Jan.l to latest date.-N
or Mo.
1878.
1877.
1878. '
1877.
Atch. Top. & S. F.lst wk Dec $81,500
$57,800 $3,688,847 $2,490,127
Atl. & Gt. West...October
387,497 424,076
Atlantic Miss.& O.October
201,181
193,686 1,399,324 1,452,592
Bur. C. Rap. & N.2d wk Dec.
28,429
39,637 1.463.676 1,186,919
Burl. &Mo.R.inN.October... 307,581
216,233 1.553.677 1,056,683
Cairo & St. Louis.November.
18 292
16,267
201,674
216,166
Central Pacific...November.
1,855,774 16,33.4,363 15,696i093
Chicago & Alton. .2d wk Dec. r 81,209
99,798 4,528,988 4,321,021
Chic. Burl. & Q...October. .1,368,348 1,290,114 11,746,897
10,285,021
Chic. & East. Ill..2d wk Dec.
16,472
16,311
Chic. Mil. & St. P.2d wk Dec. 177,000
167,844 8,097,072 7,762,142
EARNINGS.
Gold and Silver.—Gold declined to
par on
7"
21%
00% 00%
94% 94%
*105 100%
*40
*95
*12
40% 4m
.
tioned in the second column.
ber
09% 09%
09
09%
74% 75% 73% 75
*110# 111 110% 110%
*7%
7H
14% 15% 14% 14
..
do
645
Prime bankers’ sterling bills on London.
Good bankers’ and
prime commercial...
60 days.
4.82%® 4.83%
4.82%®4.82%
Good commercial
4.81
Documentary commercial
Paris (francs)
Antwerp (francs)
4.80%®4.81%
5.23%®5.21%
5.23%®5.21%
5.23%® 5.21%
Swiss (francs)
Amsterdam (guilders)
Hamburg (reichmarks)
Frankfort (reichmarks)
Bremen (reichmarks)
Berlin (reichmarks)
®4.82
39%®
94%®
94 %®
94 %®
94% ®
40
94%
94%
94%
94%
3
days.
4.87%®4.89
4.87%®4.87%
4.85%®4.86%
4.85
®4.86
5.20%®5.18%
5.20°8®5.18%
5.20c8@5.18%
40*8® 40%
95 ® 95%
95 ® 95%
95 ® 95%
95 ® 95%
646
THE CHRONICLE.
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. 14, 1878 :
—AVERAGE AMOUNT
Loans aud
Banks.
New York
2,000,000
7,118,800
Manhattan Co.... 2,! 50,000
Mechanics’
2,0,0,000
Merchants’
2,01)0.000
Union
1,200,000
America
3,000,000
Phoenix
1,0 0,000
City
1,000 00)
Tradesmen’s
1,000,000
5,771.603
6.753.400
6.167.100
Chemical..
Merchants’ Exch.
Gallatin National
Butchers’A Drov.
Mechanics’ &Tr.
Greenwich
Leather Mauf’rs.
Seventh Ward..
State of N. York.
American Exha’e
Commeice
Broadway
Mercantile
Pacific
Republic
.
Citizens’
Nassau
Market
St. Nicholas
Shoe and weather
212.900
2.910.600
1.341.400
2o,7t)0
16.900
1.653.300
5.308.100
97,000
248,800
1.923.600
48.300
12,170,000
1.504.600
1.974.600
2,3-10,300
498,000
1.810.900
3,551,000
45.800
250.700
183.900
524.600
193.200
451.600
3.16', 900
101.600
374,000
4.279 200
36.100
31,000
171,000
888,1(0
15t',00J
3,000,000
300,000
400.000
..
250,000
2<
German Americ’n
Chase National..
Total
1,S03,90G
851,500
413,000
456,000
15,000
1,072,900
2.137.800
1.709.900
750,000
300,000
896,300
179,800
1,913.9l>0
450.000
402,70)
5,400
1.109.100
1.714.100
5,062 0C0
442,5 10
1.692.200
164.400
8.584.600 2,236,00i
1,749,500v 216,7(0
1,768,300
3,900
1.661.700
632,300
284,70)
611,800
2,673,800
673.400
1.943.600
3.565.700
1,(81,100
2,484,000
767,300
143,701
115,600
223,000
1,0)9,700
238,200
274,200
2.(21,300
Aug. 3.
Aug. 10.
Aug. 17.
Aug. 24.
Aug. 31.
Sept. 7.
Sept. 14.
Sept. 21.
Sept. 23.
238,096,200
17.990.800 58.610.100
240.220.100 20.407.600 56.266.500
235.555.400 19,234,300 55.479.400
.236,994,300 18.662.800 55,059,800
239.431.700 17.000,300 53.918.500
243.432.900 16.953.100 50.683.500
244.215.100 18.554.700 48.891.200
245.377,-100 18.322.800 48.538.400
246.322.500 18.199.600 45.680.700
Oct.
5.
247.881.900 17.599.700 43.362.200
Oct. 12.
2:8,634.300 13.991.100 42,(50,800
Oct. 19. 246.593.100 15.547.800
40.729.100
Oct. 26.
245.108.400 19,860,500 39.962.500
Nov. 2. 244,511,800 24.144.100
40,219,000
Nov. 9. 240,224,200 26,373,200
39.155.400
Nov. 16. 237,6^5,500 25.405.400
39.938.200
Nov. 23. 231.917.700 23.414.400
40.588.200
Nov. 30. 236.438.400 2-.',967,400
Dec. 7. 239.815.500 20.169.700 41.275.700
39,961,000
Dec. 14. 238,0*7,200 20,832,900
40.478.500
211,096,700
215.413.400
210.737.600
:
19.889.700
355,692,070
342,277,469
330,517,433
285,766,611
348,022 456
330,877,791
333,606,566
3 <0,111,76?
453,971,364
424,149.9(0
482,291,920
392,878.293
19.904.300 488,571,553
19.905.400 408,903,425
209.752.100 19.909.400 460,572,73
207, IS 1,800 19,961,900 404,037.742
206.797,*< 00 20,007,000 368,2 8,659
207,058,600 20,‘53,200 436,695,221
206.134.400 20.141.600 330,741,510
-
Note.—The figures of the Chase Nitional Bank
above totals prior to October 26.
are
not included in the
QUOTATIONS IN BOSTON, PHILADELPHIA AND OTHER CITIES.
SECURITIES.
Bid. Ask.
SECURITIES.
Bid. Ask.
BOSTON.
29%
Maine 6s
New Hampshire 6s
Vermont 6s
‘Massachusetts 5s, gold
UoBton 6s, currency
do
5s, gold
Atch. &
do
do
Boston &
^
iio
do
Os
Omaha ft S. Western, 8s
Pueblo ft Ark. Valley, 7s
*
i07%
6s
do
•
108
2d 7s
land Inc. 8s..
Albany 7s
103% 103%
i is
6s
108%
-Boston & Lowell 7s
108
102%
72
'72%
...
:
108
do
7s
Aan. rny Top. ft W.,
7s, 1st
1(8%
do
do
7b, inc..
103
_
*
-
-
•
•
#
05
•
59%
3%
Concord
_
-
100%
84
Cin.Sandusky & Clev
Boston ft Providence 7»
Burl, ft Mo., land grant 7s....
do
Neb. 6s
do
Neb. 8s, 1883
113
Conn. & Pasaumpslc,
7s, 1897.
new.
....
105-H
113%
•
85
60
110
-Boston ft Maine.
109
Boston ft Providence
103
103%
Burlington ft Mo. In Neb
109* no
Cheshtre preferred
(Chic. Clinton Dub. ft Min..., 45 "1g
118%
Boaton ft Lowell 6s
Boston & Maine 7s
Baatern, Mass., 3H8,
Fitchburg RR., 6s...
....
i
STOCKS.
Atchison ft Topeka
Boston & Albany.
Boston ft Lowell
1C8$
grant 7s 108** 1(8%
30*
Colony, 7s
Rutland 8s,1st mort
Vermont ft Canada, new 8s..
Vermont ft Mass. KR.,6s
*
Tcpcka 1st m.7s...!, 108%
land
do
„
Old
»•
Chicago sewerage 7s..
do
Municipal 7s
Portland
112
110%
1x6%
East
Connecticut River
Conn, ft Passumpslc
Eastern (Mass.)
Eastern (New Hampshire)...
Fitchburg
.
.
x
3%
....
ii%
H0%
Kan. City Top. ft Western...
8^%
Manchester & Lawrence.... 131
Nashua ft Lowell
95
New York ft Nmfr England...
29%
11%
iio%
►9
• •••
bO
29%
-•
•
•
»
...
ibo
99
100
97
100
...
....
105
mi "93
01
'
10%
17%
United NiJ. cons. m. 6s,’94.. ibo
109
Warren ft F. 1st m. 7s,’98
78% 81
West Chester cons. 7s, ’91
West Jersey 6s, deb., coup.,’S3 *80
do
1st m. 6s, cp.,’96. 100%
do
1st m. 7s,’99.
104% 105
Western Penn. RR. 6s,op.'.899 85
do
6s P. B.,’96
00
...
....
CANAL BONDS.
Chesap. ft Dela. 1st 6s, rg.,’86
Delaware Division 6s, cp.,’78
Lehigh Naviga. m., 6s, reg.,’84 104
do
mort. RR., rg.,’97
do m. conv. g., r«-g.,’94
do mort. gold,’97....
do cons. m.7s, rg.,1911
Morris, boat loan, reg., 1835..
Pennsylvania 6s, coup., 1910.
Schuylk. Nav.lst m.bs.rg ,’97.
do
2d m. 6s, reg., 1907
do 6s, boat&car,rg.,13l3
do 7s, boatftcar.rg.,19.5
Susquehanna 6s, coup.. ;9.8 .*
105
....
...
93
52
96
05
80
40
'67%.
90
35
•
•
60
•
21
33%
Pennsylvania..
do
84
100
6s, exempt, 1S87
6s, 1890, quarterly. 106
99
5s, quarterly
Baltimore 6s, -SSL quarterly. 107
do
107
6s, ;8S6, J.&J
do
no
6s, 1890, quarterly
do
6s, park, 1890, Q.—M. no
do
in
6s, 1893, M. ft S
do
6s,exempt,’93,M.&S 112
do
in
1900, J. ft J..
do
111
1902, J. ft J
Norfolk water, 8s
m%
32
27
83
28
33
3j
41
do
-
43
"l
3
3
34
42
48
45
Minehlll
Nesquehontng Valley
4
3»%
43
49
48
100% 101
Norristown
Northern Pacific
do
pret
North Pennsylvania
5%
24%
6
25
32
3-%
30
:..
Pennsylvania
Philadelphia & Erie
Puiladeiphia ft Read
36%
m
12%
ng
Philadelphia & Trenton
4%
131%
20
5
132
30
.
14%
Morns...*
do
pret
14%
Pennsylvania
Schuylkill Navigation
do
pref...
Susquehanna
...
RAILROAD BONDS.
Allegheny Vai., 7 3-10s, 1896...
do
7s, E. ext., 1910
Ill
88%
23
do
Inc. 7s, end., ’94
Belvidere Dela. 1st m.,6s,l9U2.
do
2dm. 6s. ’8.1.. 102
do
Sim. 6s,’37..
111%
*24
101
no
110
in
111
114
115
113
114.
....
..
RAILROAD
BONDS.
Balt, ft Ohio 6s, 1880, J.&J....
do
6s, 1835, A.&O.
N. W. Va. 3d m.,guar.,’85,J&J
Pittsb.ft Connellsv.7s,’98,.TtJ
Northern Central 6s, ’85, j&J
do
6s, 1900, A.AO.
do 6s, gld, 1900, J.&J.
Cen. Ohio 6s, lstm.,’90,M.& S.
W. Md. 6s. 1st m„ gr ’90,J.&J.
do
1st m„ .890, J. ft J...
2d m.,guar., J.ft J...
do
do
2d m., pref
do 2d m.,gr. by VV.Co.JftJ
do 6s. 3d in., guar., J.ft J.
Mar. ft Cin. 7s, ’92, F. ft A
do
2d, M. ft N
do
8s, 3d, J.&J
Union RR. 1st, guar., J. ft J..
:
do
Can.on endorsed.
103
105%
100
105100
105
ino
99%
106% 107%
102
96
100
108
1U1
108
70
104
111
...
.
110
no
RAILROAD STOCKS.
Par
Balt, ft Ohio
89
100 S8
do
150
Wash. Branch.100 125
do
2
5
Parkersb’g Br..50
Northern Central
50 13% 13%
Western Maryland
1
5
.50
Central Ohio
25
50 23
1
5
Pittsburg ft Connellsvllle..50
im
Phila.Wilintng. ft Baltimore.
Lenigh Navigation
..
do
22%
Huntingdon ft Broad Top...
do
do pref.
Lehigh Valley
Little Schuylkill
Delaware Division.
BALTIMORE.
Maryland 6s, de fense, J.& J.. 105% 106
20
Elmira ft Williamsport...
do
do
pref..
Har. P. Mt. Joy ft Lancaster.
233,200
follows
....
do scrip,1882
do mort., 7s, 1892-3
Phila. Wilm. ft Balt. 6s,’84
Pltts.Cln.&St. L. 7s, cou.,lS0C-
•
STOCKS.t
Camden ft Atlantic
do
do
pref
Catawlssa
do
pref
do
new pref
Delaware ft Bound Brook....
CANAL STOCKS.
19.273.600 4-4,140,015
19.325.600
19.305.600
216.164.100 19.433.700
216,711,*00 19,062,300
218,269,000 19.478.300
217,304,000 19.616.300
216,332,000 19.617.800
214.103.400 19,577,500
210,041.200 19,593,100
208.144.600 19,601,200
111
reg.,
reg.,
Chesapeake & Delaware
Dec.
Inc..
19.189.800
68,10-15,
180,000
v24,5u0
*
219,978,500
223.432.700
217.884.700
216,068,500
Bid. Ask.
Shamokin V.& Pottsv. 7s, 1901
60
Steubenv. ft Iud. 1st, 6s, 18849
Stony Creek 1st m. 7s i907...
111% Sunb. Haz. ft W.,lst m.^s,^)
2o
Sunbury & Erie 1st m. 7s, ’97..
Texas & Pac. 1st in ,6s, g.,1905
do
cons m..6j,g.,1905
flo
Inc.&l. gr ,7s 19:5
Union* Titusv. 1st m. 7s, ’9C.
—
Pittsburg Titusv. ft Buff
United N. J. Companies
West Chester consol, pref—
West Jersey
$9)4.200
Specie
Inc..
713,200 Circulation
83,400
Legal tenders
Inc..
517,500
The following are the totals for a series of weeks
past:
Loans.
Specie. L. Tenders. Deposits. Circulation. Agg. Clear1878.
S
S
5s, g’d, int.,reg. or cp.
5s, cur., reg
5s, new, reg., 1892-1992 110
RAILROAD
358,900
1,572,900
are as
CITY RONDS.
8*
..
4,700
803,400
AND
I*
l»77-’82. I04%i
6s, 15-25,
188J-’92
110%
6s, In. Plane, reg.,1379
Philadelphia, 5s reg.......
106
do
6s, old, reg..
ios
do 6s, n., rg., prior to’95 114
do 6s,n.,rg.,.895ft over llo% i'15%
Allegheny County 53, coup..
Allegheny City Vs, reg
00
Pittsburg 4s, coup., 1913
SO
do
5s, reg. ft cp., 1913
do
6s, gold, reg
do
7s, w’t’rln.rg.&co. 104
do 7s, str.imp., reg.,’33-36* 80
100
N. Jersey 6s, reg. and coup
do
exempt, rg. ft coup.
Camden County 6s, coup
Camden City 6s, coupon
do
7s, reg. ft coup
Delaware 6s, coupon
Harrisburg City 6s, coupon
198,000
2,?0U
2 ">9.200
28,700
63,211,590 238.047,200 20,882,900 40,478.500 206,134,400 20,141,600
S
Penna.
do
do
do
do
do
146.9G0
261,000
1.7:3,400
271.200
The deviations from returns of
previous week
Loans
Dec. $1,7 8,300 Net deposits
.
STATE
594,700
2, h90,600
‘JJ*
PHILADELPHIA.
743,9C0
,
.....
Vermont ft Massachusetts..
Worcester* Nashua
-
1.168.400
0,(03
Rutland, preferred
l,lu0
9.103.500
2,148,990
2.817.500
Portland Shoo ft Portsmouth
Pueolo ft Ark-msas
217,009
45,000
185.000
708.100
...
13’, 500
2,141/00
8.196,(00
2.800.800
122.500
833,000
i,Ob-,oro
322.600
1,701,000
SECURITIES.
89% Phll.&R.C.AI deb. 7s. cpa.off
12%
51%
04%
91%
5m
Ogdensb. & L.Champlain
do
prof..
Old Colony
87.210
166,000
871,000
759,800
463,300
426.600
757,700
Bid. Ask.
Northern of New Hampshire
Norwich* Worcester
$
41,000
7,500
1,440,900 3,184,500 16.356.200 1,096,700
485,830 3,011,100 12.455.200
638.400
560.900
4: 0,700
109.100
30.800
295,SUU
472,600
99.800
1,700
367,600
813,000
39,700
86.400
612.100
680,300
42,8(0
77.500
496,200
125,200
316.500
3,500
95.500
3:5,400
14,461,800 1,257.100 2,259,600 12,658,100 1,054,1(6
7,646,000
198,000 1,631,000
7,088,000
1,933,000
500,(100
1,994,000
'270,0-!0
3,336,000
135,000
550,(00
2,914,000
599,000
312,(00 1,227,700
6.770.700
9.039,300
45,'ifO
6,063,000
5HV00 1,637,900
799,200
6,739,600
1.110.500
37,000
166,700
737.500
269,200
Mech. Bkg. Aes’n
500,000
Grocers’
300,000
North River
240.000
East River
250,000
Manuf’rs’ A Mer.
100.000
Fourth National. 3.5' 0,000
Central National. 2,000,060
Second National.
300, (00
Ninth National..
75:1,000
First National...
500,000
Third National..
986,300
N. Y. Nat. Exch.
300,0(4)
Bowery National
New York County
*
PHILADELPHIA, Etc.-Continued.
SECURITIES.
Circula¬
tion.
4.686.800
2.715.800
6.538.500
1.8)3,000
5.704.700
1.754.100
1.141.500
9.891.200
2,323,160
1,662 760
821,000
15,297.330
10,293,200
2,000,000
...
237.900
33,000
95.100
29.300
67,200
1.229.700
2.493.800
Imporiera’&Trad 1,500,000
...
5,614 800
2,048,000
3.151.900
.
Park...
657,700
691.400
352,000
1,205.800
266,000
422,700
600,000
1,OJO,OUO
1,000,000
1,000,000
1,000.(03
Corn Exchange
1,000,000
Continental...... 1,250.000
Oriental
Marine
7,327,‘00
3,9:9,200
1,000,000
450,000
People’s
412,500
North America..
700,000
Hanover
l,f 00,000
Irving
500,000
..
875.800
357.400
3.183.600
....
Metropolitan.
610.700
3,8(0,500
1,500,000
...
Net
Deposits.
$
1,651,600
593.100
673.700
BOSTON,
OP
$
327.300
7.968.303 l,v29,400
226,000
2,217,000
5.156.500 1,139 800 2.552,000
2,9 9,700
277.800
194,8 10
6 0.000
1.488.300
158.200
376.600
300.000 10,015,000
722.900 2,419,100
204.300
1,000,000
3,084 300
454.500
1,000,000
3.415.300
237,400
515.200
300.000
1,131000
133,000
71,000
600.000
193.000
1,308,000
33,0)0
9,400
200,000
807,800
152.200
379 000
2.271.500
600,000
191.900
836,000
46,000
192.200
300,000
800,000
2,0:2,000
92.900
48),600
5,000,000 11,588,000 1,191,000 1,190,000
5.000,000 J5.4~3,900 1,556,500 1,505,900
398.200
485.100
1,000,000
4.606.900
Pulton
Chatham
Legal
Specie. Tenders.
Capital, Discounts.
$
$
[Vol. XXVII.
104
96%
1(0%
112
108
112
.75
no
112
82
83
24
27
12
10
108
104
ibo
90
98
11%
11%
HISCELLANEOUS.
Baltimore Gas certificates...
People’s Gas
CINCINNATI.
Camden ftAmboy 6s,coup,’83 103% -103%
97
.
6s, coup.,’89 103% 105
do
do
108 1109%
6s, ’89.
Cam. ft Atl. 1st m. 7s, g., 1993 114
do
2i m.,78, cur.,’80 100
Cam. & Burlington Co. 6s,’97, 102% 103%
Catawlssa 1st,7s, conv., M2,
do
chat. m.f 10s,’88
do
mort.
new7s
...
19(K>.
105
107
....
Cincinnati 6s
+
98
f
107
108
97
105
t 106
South. RR. 7‘30s.+ 1001
do
6s, gold t 96)
Hamilton Co., O., 6s. long...+ 95
do
7s, lto 5 yrs..+ 100
do
7&7*30s,long.+ 104
75
Cln.ft Cov. Bridge st’k, pref.
101
Cin.Ham. ft D. 1st m. 7s, ’80
do
97
2dm. 7s,’85..
Cin. Ham. & Ind., 7s, guar.... 40
Cin. ft Indiana '.st m. 7s.....
93
do
li
2d m. 7s, ’<7.
Colum. ft Xenia, 1st m. 7s, ’90 104
Dayton ft Mich. 1st m. 7s, ’81. 101
do
97
2dm. 78,’»7.
92
do
3d m. 7s, ’88
Dayton* West. 1stm.,’8I...+ 100
t>7
do
1st m„ 1905
do
1st m.fs, 1905 +80
Ind. Cin. ft Laf. 1st m. 7s
do
(l.&C.) 1st in.7s,*88 95
Little Miami 6s, ’83
98
Cin. Hain. ft Dayton stock...
15
Columbus ft Xenia stock..... xlOl
do
do
do
do
7s
7*30s
106%
97
ibii
108
108
Connecting 6s, 1900-1904....
ibi'%
Delaware mort., 6s, various..
98
Dei. ft Bound Br., 1st, 7s, 1905 ibV% 104
45
East Penn. 1st mort. 7s, ’88
El'.ft W’insport, 1st m., 7s, ’80. 107
do
73
5s,perp
106
Harrisburg 1st mort. 63, ’83..
101%
H. ft B. T. 1st m. 7s, gold, ’90. 105
iof
98
103
do
2d m. 7s, gold,’95.
93
25
do
3d m. cons. 7s, ’95*
Ithacaft Athens 1st g d, <s.,’90
'bo
Junction 1st mort. 6s ’82..
do
2d mort. 6s, 19J0
L. Sup. & Miss., 1st m., 7s g.*
97
Lehigh Valley, 1st,6s, cp., 189S 110
100
do
do reg., 1893... 110%
115
20
do 2 1 m.,7s, reg., 1910.
H5%
97
98
do
con. in., 63,rg.,i923
20
Dayton ft Michigan stock.... 18
do
do
6s,- p.,19.3 97% 99
do
8. p.c. Bt’k,guar
96
Little Schuylkill, 1st rn.7s.V2
Little
Miami
109
x97
stock
North. Penu. 1st m. 6s, cp., 85.
113
115
do
2d m. 7s, cp., ‘96,
LOUISVILLE.
111
do gen. m. 7s, cp., 1903 110
Louisville 7s.
104
+ 101
do
do gen. in. 7s, reg., 1903 110
6s,’82 to ’87
+ 97
98%
79
Oil Creek 1st m. 7s, coup.,’8'.
do
6s, ’97 to ’94
t 97
98%
97
do
water 63,’87 to ’89 t
rittsb. Tll usv.ft B.,7s,cp.,’96
33%
do
do
water stock 6s,’97.+ .97
scrip....
do
Pa.ft N.Y.C. ft RR. 7s,’96- 906. 113
wharf 6s
+ 97
96%
do
8pec’l tax 6s of ’89.+ 97
98%
Pennsylv., 1st m., 6s, cp., ’80.. 105%
do'
Water
LouDvllle
110%
Co.
190i
102*
gen. m. 6s, cp., 1910
6s,
t 102%
do
Jeff.M.&l.lstin. (i&M) 7s,’8lt
gen. m. 6s, 1 g., 1910. U(%
do
do
cons. m. 6q rg., 1905
2d in., 7s
98%
93% 94
do
cons. m. 6s. cp., 1905.
do
(9#
lstm.,7s, 1906....t 106% J07
do
Louisv.C.ft Lex. 1st m.7s,’97f 104
104%
Navy Vard 6s, rg.’sl
Louis.ft Fr’k.,Louisv.ln,6s,’8:
100
Perkiomen 1st m. 6s, coup.,’97
Phila. ft Erie 1st m.6s, ep.,’81. 103% 104
Louisv. ft Nashville—
do
2d m. 7s, cp.,’S8. 105
Leb. Br. 6s,’86
107%
09%
f 98
Phila. & Read. 1st m.6s, ’43-’44. 104
105
1st m. Leb. Br.Ex.,7s,’80-S5.+
99%
9g
do
do
Lou.in.
do
M8-.49,!
99%
6s,’*3...+ 98
do
2d m., 7s, < p., S3 111
Consol. 1st m. 7s, ’98
104 104%
do
Jefferson
Mad.
ft
Ind.
104
deben., cp., ’Sk*
stock. 103%
30
do
do
Louisville* Nashville*stock.J 36% 87
cps. ok.
do
scrip, 1882.
ST.
48%
LOUIS.
In. in. 7s, cp,1896
do
St. Louis 6s, long
t J®do cons. m. 7s, ep.,l9i!.. 97% ’98
do
water 68, gold
100%
t £9;
do cons. m. 7s, rg.,1911.. 97% y«%
do
do
do
new.t 105
do cons.m.68,g.t.l911....
do
bridge appr., g.6s + 104%
do conv. 78, 1893*
45
do
renewal, gold, 6s.t 104%
do
7s, coup, off, ’93 27
30
ao
sewer, g. 6s, ’9:-2-3.t 104%
do scrip, 18S2
St. Louis Co. new park,g.6s.f
Phlla.ft Read. C.& I. deb. 7s, 92
do
cur. 78
104
,*f
..
8*
Ill*
...
|
•
In default.
+ Per hare.
t And interest,.
n(
THE
December 21, 1878. |
QUOTATIONS
JJ. S. Bonds and active Railroad Stocks
are
OF
CHRONICLE.
STOCKS
quoted
on a
;
AND
STATE
SXCMTBITEkS.
SKOtTBITIBS
Alabama 5s, 1883. ..
do
5s, 1886.
do
8s, 1886...
do
do
do
do
8s, 1888.
88, M. & E,
Ss, Ala. & 1
8s of 1892
88 Of 1893..
,
Arkansas 6s,
7s,
73,
78,
78,
7b,
do
do
do
do
do
do
do
do
do
do
do
do
...
<do
do
Jo
funded.
L. R. & Ft. S. lse
Memphis & L.R.
L. R.P. B. &N.0
Miss. O. & It. R.
Ark. Cent. RR...
...
68, new
6s, new float’gdebt.
7s, Penitentiary
6s,levee
8s, do
8s, do 1875
8s, of 1910
78, consolidated
War l^n
Kentucky 8s
do ..1891
68, do
do
1893.
.68, do do .1893
North Carolina—
68, old. J. & J
do
A. & O
N. C. RR
J.&J....
do
A. & O.....
do coup, off, J. & J...
do
do
off, A. & O..
9
«
•
•
i>
-
•
*
..
....
105%
do
106
Mew
103%
103
108
105
105
Jos., due 1886
do 1837
RAILROAD
do
pref
Cleve. Col. Cln. & I
Cleve. & Pittsburg, guar..
Col. Chic. & I. Cent
Dubuque & Sioux City.
Erie
pref., $2
assess,
Harlem
Joliet* Chicago
Kansas Pacific
Del & Hud
74
25
39 J4
79
73
„
a
,
S3
33
"$*
60
paid.
.
#
103
103
Ohio 68,1831
Mississippi,pref
Fitts. Ft. W. & Ch., guar..
do
do
special.
Rensselaer & Saratoga
Rome Watertown & Og.
"St. Louis Alton & T. H
101% 101%
82
.
—
do
pref.
11%
11%
2%
234
2%
103
107
1838
.
Indlanap. Bl. & W., 1st mort...
do
do
2d mort..
Lake Shore—
Mich S. & N.Ind., S.F., 7 p.c.
Cleve. & Tol. sinking fund..
do
new bonds....
Cleve. P’ville & Ash., old bds
t'9%
mort
do
<io
do
do
Extended,
79
ex coup..
equip’t bonds...I...
101
8*
"
70
58
130
105
con. convert
ex coupon
75
60
Great Western, 1st m., 1888..
do
ex coupon
do
2d mort., ’93
*97
do
ex coupon
79
Quincy & Toledo, 1st m., ’90..
*78
o
ex coupon
Illinois & So. Iowa, 1st mort 1105
300
63,
6s,
.
112
25
....
10
10
10
10
10
10
1%
34%
29%
29%
...
new
new series.
.
5s, ex matured coup
6s, consol., 2d series
6s, deferred bonds
D. of Columbia 3-65s, 1914.
do
do
do
89
ex coupon,...
iio%
Miscellaneous List,
109
110%
Buffalo
lo
%
104,
small
registered
{Brokers' Quotations.)
STATES.
Alabama new consols, A.,
B, 5s
57
78?f
79%
78%
79ii
40
7%
50
75
80
67
67%
4&
44%
73
47
....
75.
50
104
83
70
104
103%
7s, gold, 1892-1910.. J.&J. +112
7s, gold. 1904
J.&J +113
tioi
CITIES.'
Atlanta, Ga., 7s
97
83
Chicago 6a, long dates
74
55
34
So iitli’n Securities
118
115
102
69
107
104
98
97
47
Waterworks
Augusta, Ga., 7s. bonds...
106
K3
Charleston stock 6s
110
112
Charleston, S. C., 7s, F. L.
+100
101% ColumbuB, Ga., 7s, bonds.
fl06% 106% Lynchburg 6s
+107% 108% MacoD bonds, 7s
tl06%
Memphis bondt C.;
Water, long
303*
30%
S. Carolina con. 6s fgood),
81
50
Rejected (best sort)
;
Texas 6s, 1892
M.&S. +102
Pekin Llnc’ln & Dec’t’r.lst m
Western Union Tel.,
1900,cp... 1109%
do
do
reg
109%
{Brokers' Quotations.)
CITIES.
Aibany, N. Y., 6s, long
3
?6
....
58, consol, bonds
79% Georgia 6s, 1879-’89
T„
„
30%
►
C. ,.
Bid.
Riode Island 6s, cp.. '93-4
Sjuth Carolina tfs..
Jan. * July
^
April * Oct.
j Funding act, 1866
| Land C., 1889, J. & J
i Land C., 1339, A. & O
1
7s of 1888
;
Non-fundable bonds
Tmnessee 6s, old
STOCKS AND BONDS.
Tol. & Wabash, ex coupon....
105
107
Tol. Can. S. &Det. 1st 7s, g.
+
do
istm.St.L. dlv
108
Union & Logansport 7s...
do
ex-matured coup....
8S
*89
Un. Pacific,So. Br., 6s. g..
do
2d
do
110
Albany as Susq. 1st bds
do
2d do
100
100%
do
3d bonds...
+92
d *
1st runs, btuh
97
Rens. * Saratoga, 1st coup
do
lstre^...
Deny.* Rio Grande 1st m.,1900
93% 93%
114
Erie, 1st mort., extended...
116
do
2d
do
108
7s, 1879......
do
3d
do
7s, 1883
do
4th do
104
7s, 1830
do
5th do
7s, 1888
106% 107
do Bong
+110
Dock bonds
Long Do
110%
Buff. N. Y. & E. 1st. m., 1916..
1*7
Han. & St. Jo., 8s. conv. mort
109%
111. Cen.—Dub.&Sloux C..istm 1104
do
do
2d dlv. tv's
Cedar F. & Minn., 1st mort.. +90
95
...
SKOTTBITIBS.
Virginia6s, old
5s, new bonds, 1865.
ll
II
Class i
Cla88 3
the par may~bt*
‘
do
do
MISCELLANEOUS
uir.,cp..s
ioo%
98
19%
ii*
1853
A. & O
do
do
io‘%
Long Island.
do
AND
1st Pa
reg
..
Special tax, Class 1
.
50
Missouri Kansas & Texas.
Nashr. Char. & St. Louis.
New York Elevatea RR..
N. Y. New Haven & Hart.
Ohio*
,
7%
85
85
65
65
bonds, J. & J
do
.
do
Railroad Stocks.
Active previ'usly quot'd.)
Albany & Susquehanna...
Burl. C. Rap. & Northern.
Cauada Southern
Chicago & Alton
......
Funding act, 1866
105)|
due 1391-i...
Han. & St.
do
Ask.
do
.
196
114
101W
.
...
Fundlm
Bid.
da, gold, reg....l837
68, do coup..!8S7
•*. do loan... 1883
f
m
69
..
..
SKOUBITIKS.
10
71
103%
.
~
Mew York State-
53
70%
7s. small
..
...
f
per
YORK.
cent value, whatever
bonus.
• •
f
.
NEW
.
do
7s, 1890
Missouri 6s, due 1332 or’K3.
do
do
1336
do
do
1337
do
do
1833.
do
do
1839 or’91....
Asylum or Un.,due 1892
Georgia 6s
do
78, new bonds
do
7s, endorsed
do
7s, gold bonds...
■Illinois63. conn >u, 1879...
•
IN
Prices represent the
Ask.
52
52
52
52
52
52
52
Michigan 6s, 1873-79
do
6s, 1883
-Connecticut 6s...
do
Bid.
Louisiana 6s
...
BONDS
previous page.
101
100
5i
72
55
60
do
7s, sewerage
do
do
new bds
110%
98
do
7s,
99%
water
14
Buffalo & Erie, new bonds...
13
11'% ....
55
do
60
7s, river lmprovem’t
Buffalo & State Line 7s
102
25
35
Cleveland
7s, long
110
f!09
90
Kalamazoo * W. Pigeon, 1st
Bonds A and B
25
35
Detroit Water Works 7s....... +110
12
130
133
Det. Mon. & Tol.Jst 7s, 1906
io
Endorsed. M. & C. RR.,
28
40
Elizabeth City, short
75
85
Lake Shore Dlv. bonds
no% 111
ComprounLe.
Miscel’ons Stocks.
50
53
do
79
do
long
70
114
Cons. coup.. 1st.
Mobile as (coups, on)
Atlantic & Pac. Tel
15
Hartford
29%
6s, various
104
10?
do
Cons,
88
111%
reg.,
1st.,
Am. District Telegraph...
20
23
(coupoi s on)
Indianapolis 7-30s
tl05
do
Cons, coup., 2d.
105
6s, funded
Canton Co., Baltimore....
*20 *30
2i
25
Long Island Cltv
103
100
do
Cone, reg., 2d
105
Montgomery,
new 5s
American Coal
Newark City 7s ‘long
48
111
1108
Marietta & Cin. 1st mort
New 8s
AJonsolidat’n Coal of Md..
25
35
do
Water 7s, long
115
Mich. Cent., consol. 7s, 1902... un
1112
Nashville 6s, old
Cumberland Coal & Iron.
75
85
Oswego 7s
103
fioi
do
1st m. 8s, .882, s. f. 109%
6s, new
70
10
Maryland Coal
85
Poughkeepsie Water
1110% 111% New Orb ans prem. 5s
do
equipment
bonds.
26
140
28
Pennsylvania Coal...
Rochester C. Water bds.. 1903. tl 12
113
Mo.K &T.,c:na ass., 1904-5-6
50
Consolluaiedes...
49%
S oring Mountain Coal....
37
50
Toledo 8s.
42
109
105
2J m.lne., 1911
do
15% 16% Toledo 7-30swater, 1894-’94
Kitllroad,
6s
82
3H
Mariposa L. & M. Co
35
'
100
197
H. & Cent. Mo , 1st, 1890
93
Norfolk 6s
do
do
94
90
Yonkers
pref.
2% New Jersey Southern lstm. 7s
Water, due 1903
‘ 110
20
Petersburg 6s
Oatari*. Silver Mining....
93
99
39% 40
N. Y. Central 6s, 1883
8s
104%
RAILROADS.
106
Railroad Bonds,
do
lOo
Atchison & P. Peak. 6s, gold..
Richmond 6s
6s, 1887
75
85
(8toC* Exchanve Prices.)
108%
do
103
Boston & N. Y. Air Line. 1st m 103
Savennah 7s, old...
68,real
estate...
65
70
Boston H. & Erie, 1st in..
do
29% SO
Cairo & Fulton, 1st 7s,
6s, subscription, 103%
7s, new.
65
70
gold
do
92% 94
guar.
30
do & Hudson, 1st m.,coup
California
Pac. RR., 7s, gold
21%
Wilm’ton,N.C.,68,g.) coup
97
100
Bu*.C.R& North., 1st 5s..
do
do
1st m., reg.
68% 09
1120% 121%
8s, gold
$ on.
do
83
88
68,2dm. g
Minn,* St.L.,lst 7s gua
Hudson R. 7s, 2d ra., s.f., 1885
Central of Iowa lstm. 7s,gold
RAILROADS.
40
Chcsft, * Ohio 6s, 1st m.
43%
32
Canada South., 1st guar
Chic.
& Can. South istm.
74%
75%
28
85
Ala.&Chat.,Rec’sctfs ,var
do
g. 7s
20
ex crop
60
Chic. & East. 111. 1st
Harlem, 1st mort. 7s, coup... 120%
02
97
mort., 6s
103
03% Atlantic & Gulf, consol..
Chicago * Alton 1st mori 7116
do
do
7s, reg...
120%
do
.2d
m.
Inc.
18
20
Consol.,
h
7s.
end.by
Savan’h
do
20
35
income +104
North Missouri, 1st mort
^n.St.P. & Mlnneap., 6s,g.,new
107%
Carolina Cent. 1st ra. 6s,g..
d)
80
35
86% 88
sink’gfund 100 100% Ohio & Miss., consol, sink. fd. 102%
do
do
1. gr., 6s, g....
Cent. Georgia consol.1n.7t5 108
42
45
Joliet & Chicago,1st m.
119
do
103
Chic.
& S’thwestern
consolidated....
Stock
91
La. & Mo., 1st in., guar.
7s, guar.
70
72
ioo
do
2d do
74
74% Cln. Lafayette & Chic., 1st m.
Chan’te Col.*Afl cons. 7s.
80
75
8t.L.Jack.& Chic.,1st m
87
91
107
do
1st Spring, dlv..
Col. & Hock V. 1st 7s, 36 years +104
do
do
2d 7s
105
•Chic. Bur.* Q. 8 p.c.,lstm 113
60
65
% 113% Pacific Railroads—
do
1st 7s, 10 years
Cheraw & Darlington 6s.. 103
101
+99
do
consol, m. 7s
Central Pacific gold bonds.. 108% 108%
116%
do
2d 7s, 20 years.
East Tenn. & Georgia 6s..
91
+90
do
25
5b sink, fun!
102
do San Joaquin branch
Dan. Urb. Bl. & P. 1st m.
91%
04*,
E.
Tenn.&Va. 6s.end.Tenu
36
40
90
Ch.RK.I.&P. ,s.f .lnc.68,’95
7s, g
95
do Cal. & Oregon let
96
Denver Pac., 1st m.7s, ld.gr.,g.
95%
E.
&
Tenn.
Va.
Ga.
1st.
7s
35
41
102
104
6s, 1917, coupon
110M voh
do State Aid bonds
Erie & Pittsburgh 1st 7s
Stock
99
35
45
6S.1917, reglst’d ....
do Land Grant bonds..
7110% lit
do
95%
con. m., 7s.
Georgia KR. 7s
Keok.&D M’s,1st 1 g.,5^
105
100
92% 94
85
87
Western Pacific bonds
105% Hj5/8
6s
do
7s,
78
9o
Central of N. J., 1st in., ’90
98
equip...
116
Southern Pac. of Cal., 1st m
94
115%
95
Evansville & Crawfordsv., 7s.. +101
stock...
105
do
70
1st consol,
80
85
Union Pacific, 1st mort. b’ds
Evansville Hen. & Nashv. 7s...
107%
Greenville & Col. 7s, 1st m.
40
do
90
resented..
71
do
108
Land grants, 7s
Evansville,
T.
H.
&
7s.
Chic.
7s.
48
53
guar.
do
g.
86
40
conv
84
a
do
Flint & Pere M. 8s,Land
Sinking fund.., 105%
&
Macon
Aug.21
90
endorsed
*85
do
91
grant.
100
assemed..
770% 71
Pacific R. of Mo., 1st mort...
103% 105% Fort W., Jackson & Sag. 88." 8S
do
Memphis
&
Cha’ston
7m
1st
99
100
adj’rat b., 1203
do
2d mort
»>% 81%
104% Grand R.& Ind. 1st 7s, F.g., gu. *97
2d 7s
PS
to
84
Lehigh & W. B. con.guar
to
52
do
Income, 7s.
do
Stock
85
istis, 1. g., notgu
69
do
do
5
7
assented.
do
76
37%
92
IstCaron’tB
do
1st
ex
1.
50
Am. Dock & Imp. bonds
Memph. & Little Rock 1st
80
g. 7s.
43
'55
South Pac. of Mo., 1st m
90
91
Grand River Valley 8s, 1st m.. +99
100
do
Mississippi
Cent.
1st
in.
do
i 8senteci.
7e
100
102
‘46
Kansas Pac., 1st m. 6s, 1895
Houe. & Gt. N. 1st <8, g., certs.
2d mort., ex coupons....
Ch.Mll.& St.P. i st m.Ss.P.D
90
93
70% 72%
do
with coup. cJs. 107%
121% 122
Hous. & Texas C. 1st 7s, gold..
Miss. & Teun. 1st m. 8s, A.
99
100
do
2dm. 7 3-10, do
110% l’-2%
do 1st m., 6s, 1896
do
1st
West. dlv......
10
do
mort., 88, B
1st 7s, $g.,K.D
85
8?
9L%
do
106%
with coup, ctfs
ioo 100%
do
Waco.
Mobile & Ohio sterling 8s
91
do
1st hi., La C.D
70
07
do 1st, 7b, Lea en.br.,’9<
109% no
do
consol,
78
80
do
bds..
ex
cert.
Sterling
6s
70
07
lstm.,l.*M..
do
with coup ctfs
105%
Ini Bloom. & West., 1st
140
do
27%
8s,Interest
50
55
1st m., I. & D.
100
do 1st, 7s,E.&L.G.D’d.’a.;
2d
mort.
8s
Lndlanapolls
&
St.
Louis
1st
58
64
7s
do
15
20
lstni.,H. & D. 101
do
with coup, ctfs
72
72% Indlanap. * Vlncen. 1st 7s, gr..
New 1st mort
84
90
do
80
do 1st m., 7s. I’d gr., ’80.
lstm., C. *M. 1(9% 111
International ^Texas) Ist 7s.
New debentures
70
75
do
25
30
cori8ol.8ink.fd 100% 101
do
with coup. ctfs..
184
Int.
H.
&
G.
N.
N.
o.
conv.
&
Jacks.
1st
m.
do
8s.......
25
8s..
2d ui
10^% 111%
100
do 2d mort.,7s. 1836.
418
Jack.L. & S. 88,lstm..“white” +io2
do lstm.,78, I.&D.Ei
Certificate,
2d
8s.
98
101
mort.
(
luO
do
with coupon ctf
117
Kal. Allegan. & G. R. 8s, gr...
Nashville Chat. & St. L. 7s
99
101
Chic. & N. West. sink, fd
100% 101%
109% 110%
do Tnc. cp. No. li on 1916
14
Kalamazoo & South H. 8s, gr..
+0
1st, (is, Tenn. & Pac. Br
do
lnt. bonds, 106
86%
do Inc. ci>. No 16 on 1916
13
Kansas City & Cameron 10s.
do
lst,6stMc.M.M.W.*Al.Br
consol, bds 312% 115
105% 10 i
80%
do Den.Div.Trust Re
Keokuk * D.M., 1st 5;, gr. Ii.I
85
do
67*. Nashville & Decatur 1st 7s 100% 100%
ext’n bds.
106
do
Detach-d coup. do.
N
Island
orf
Long
01k
&
100
!
Petersb.lst
m
.8s
01
RR.,
1st
mort.
do
101
lstmort..
109
Pennsylvania RR—
Louisv. * Nashv. cons. m. 7s.
lstmort. 7s
91
do
103% 104%
cp.gid.bds. 102
Pitts. Ft. W. * Chic., lstm..
102%
122
do
121%
2d mort. 8s
2dm.,
7s.
do
90
90%
g..
91%
reg. do
102
do
101%
do
2d m..
118
Michigan Air Line 8s, 1890..... 105%
Northeast., S.O., 1st m. 8s. 102
Iowa Midland, ist m. 8s. J04
no
do
do
3d m.
Montclair
109%
G.
&
L.lst
2d
mort.
109%
8s
Galena & Chicago Ext
is, (new;.
88
Cleve. & Pitts., consol., s.f.
106%
111% 113
N.J. Midland 1st 7s, gold
25
Orange &Alex’dria, lets,6s
~27
Peninsula. 1st in., conv.
90
64
115
uo
4th mort....
108
10;
sr. Y. Elevated RR., 1st m
99
100
..as,
os
Chic. & Mllw., 1st mort.
74
76
111
Col. Chic. & Ind. C., 1st mort
60
M. Y. & Osw. Mid. 1st
59%
8ds,8s
Winona & St.
735
40
do
do
P., 1st m.. 104 105
2d mort
Z0
do recelv’s ctfs.(labor)
30
27
20
do
12
4ths,8s
2d mort.
94
94 4- Rome Watert’n & Og..con. 1st
30%
do
do
Rich. Fred. & Potomac 6&
5:0
26
(other;
90
95
C.C.C.&Ind’s 1st m.7s,SF. 109% 111
St. L. & Iron Mountain, 1st m.
lib*
Omaha & Southwestern RR. 8s
mort.
7a.
100
112% 113%
do
consol, m. bds
91
do
90%
do
2d m..
Rlcn.&
Oswego
Danv.
&
Rome
80
93
lstconsol.6H
78
Del.Lack. & West., 2d m. 104
7s, guar
80
3t. L. Alton & T. II.,1st mort.
115
Peoria Pekin & J. 1st mort
South west.,Ga.,conv 7s,’M5 104
•20
40
do
7s, conv.
do
2d mort., pref..
77
Pullman Palace Car Co. stock.
75
do
90
Southwestern,
95
Ga.,
stock,
mcrt.. Ts, 1907 100
73%
do
2d mort. Inc’me
40
do
s. Carolina RR. 1st m. 7s
42%
od8., 88, 4th series
92
96
Byr. Bingh.* N.Y. ^t,7s t)
67%
Belleville & S. Ill.R. 1st ra. 8s
00%
96
St. L. & I. Mt. (Ark. Br.) 7s, g.
85
90
Morris & Essex, ist. m.. 116%
7s, 1902, low Nos
86
88
117
Tol. Peoria * Warsaw, 1st E.D
St.
L.
San
&
52
50
do
F., 2d m., class A.,
7s, non mort
.■
2d mort..
107
108
do
1st W. D
do
do
class B
32
do
10*
33% Savannah & Char .1st m. 7t *5
bonds, 1900.
8J
do
Burlingt’n Dlv
do
do
Cha’ston & Sav. 6s, end.
class C.
29
40
do
90
constructs
do
2d mort. 1-80
39
t
St. L.&So’east. cons.78,go!d,’94
West
30
Ala.,
107
do
1st
mort.
8s....
105
47s, of 1871
do
97% 98%
consol.?-, 1M0
30
St. Louis Vandalla & T. H. 1st.
2d m.8s, guar
*99
104
105
LOT
do 1st con. guar.
83
.88
do P.Com.hcptsjst.E.I)
*•
do
PAST DDE COUPONS
00
70
2d, guai
Del.&Hud.Canal, 1st m.,’8<;
98
do
do
1st,
vv.D
95fh
Sandusky
Newark
Mans. &
is.
92
90
do
Tennessee State coupons..
do 189.
15
25
do
96%
uo
Bur. D
South Side, L. I., 1st m. bonds.
do
85
88
South Carolina consol....
1st extended
40
10,;
do 1stpref.lnc for21M
27
do
sink.
do
20
fund..
20
20% Virginia coupons
9 % 94
coup. Zs. 1894
do
do
fo, cons’d
30
South. Minn. 1st mort. 7s, ’88..
do
98
rpop, 7o. iBOi
Consol, conn
78
80
Tol Mr Wnhwh. ©♦ m. oy
93% 94
130V
do
7s 1st.
85
90
Cltv coupons....
30
40
*
rrlce nominal.
t And accrued interest.
pnea to-uay ; tneae axe latest
Belleville* So. Ill.,pref.
St. L. I. Mt. & Southern...
St. L. K. C. & North’n.pref
Terre Haute & Ind’polls
United N.J.R.&C..,
.
.
„
..
'
..
iii*
...
)
....
....
...
^
__
ioV%
*-
• •••
• t
.
'94%
.
„
..
I*
-
-
.
.
..
i03%
.
.
.
..
....
.
|
....
i
..
...
.
.
.
—
-
_
.
....
i0£%
.
»
T
T
..
-
•
*
.
tf
•
....
..
.
.
*
*
1'
tt
•
ta*jo
quotations made this week.
«
.
P
648
rHE
CHRONICLE.
NEW YORK
LOCAL
Bank Stock List.
Companies.
Capital.
Surplus
Dividends.
Par
1
America4
latest
dates. §
Amount
Period 1876. 1877.
Price.
100
3,000,000 1,391,900
J. & J.
9
7
12
68
10
8
Exchange 100 5,000,000 1,327,400 M.&N.
Bowery
100
188,000 J. & J.
250,000
Broadway
25
25
Central
Chase
Chatham
Chemical
Citizens’
100
100
25
100
25
100
City
Commerce
100
Continental.... 100
Corn Exch’ge*. 100
East River....
25
11th Ward4.... 25
Fifth
ino
Fifth Avenue*. 100
First
100
Fourth
100
....
1,000,000 1,144,800 J. & J.
Fulton
32,700 J & cl
343.500 J. & J.
23,200
168,100 J. & J.
300,000
•
2,000,000
ff
#fl
47,400
ioo,'ooo
o—J
49,200
48,700
ICO,000
.
Park
Peoples’*
Fhenlx
Produce*
8,000,000
May.
May.
West Side4
50 1,200,000
101'
200,000
Union
7
12
9
•
•
•
•
5
8
10
3
9
8
•
2)4
7H
6
714
6)4
io
6*4
6
1%
8
8
3
6
3*4
12
12
10
10
7
Q-F.
J. & J.
.!.& J.
T
11
12
6
10
4,100
281,000
36,100
48,200
67,800
232,000
F.&A.
F.&A.
J.& J.
J.&J.
J. & J.
42,200 J. & J
189300 M.&.N.
CHsit ‘-inn
1
1,000,000
Jb
a
337,500 J.& J.
725,808 M.&N.
78,200 J. & J.
ii.8)4
90
.
f
(Oj
.ran
a
•
.
85
O UI j |
on
0
103
Greenwich......
135
Guardian
Hamilton
Hanover
Hoflfman
Home
80
t
-
Tt
2)4
Rate.
[
Brooklyn Gas Light Co
Citizens’Gas Co (Bklyn)
do
25
20
eertiticates
Harlem
Jersey City & Hoboken
!
Manhattan
Metropolitan
do
certificates
Mutual,N. Y
do
V-r.
100
bonds
1,000
Nassau, Brooklyn
do
25
Va
100
10
scrip
New York
.
People’s (Brooklyn)
do
do
bonds
1.000
Var.
do
do
certificates.
Central of New York
50
50
Williamsburg
do
Var.
Var.
2,000,000
1,200,000
1,C00
320,000
50 1,850 000
20
38-1,000
50 4,000,000
100 2,500,000
scrip
Yar.
Metropolitan, Brooklyn
100
100
Municipal
A. & O.
F.&A.
J. & J.
J. & J.
1,000,000 iM.&S
5,000,000
1,000,000
1,000,000
700,000
4,000,000
1,000,000
325,000
300,000
466,000
1,000,000
1,000,000
1,000,000
F.& A.
Var
M.&N.
M.&N.
J. & J.
M.&N.
J. & J.
F.& A.
Quar,
J. & J.
M. &N.
1 Bnn nnn
Broadway <£ Seventh Ate—stk..
1st mortgage
100
1,000
100
1,000
Brooklyn City—a took....
10
1st morteaee
Broadway (Brooklyn)— stock...
Brooklyn (fc Hunter's Ft—stock.
1st mortgage bonds
£u8hwick Av. (Hklyn)-sstock..
Ventral Pk., N.dk E. Rive r—stk.
1,000
100
100
1,000
100
100
I son non
J.&D.
2,000,000 Q-F.
300,000 M.&N.
200,000 Q-J.
400,000 A. & O.
300.000 J. & J.
500,000
J. & J.
Consolidated mortgage bonus. 1,000 1,800,000
1,200,000 J.&D.
Dry Dock, E. B. <tBatter y—stk.
100 1,200,000 Q-F.
1st mortgage.conn’d..
nnn Ann J.&D
500&C
Eighth Avenue1-stock
1st mortgage
2d St. dt (fraud St Berry—stock
1st mortgage
Central Cross ’lown- stock.
1st
mortgage
Houston, Vfeet 8t.dkPav.Fu1st mortgage
Second Avenue—stock.
100
1,000
100
1,000
•
144
*
*
*
*
150
stk.
• ••
•
•
•
mortgage
Third Avenue—stock....
1.000
500&C.
1,000
100
1st mortgage
1,000
.
100
1,000
•This column showB last dividend
\
50
North Elver.... 25
25
Pacific
Park
100
Peter Cooper... 20
50
People’s
Pbenix (Bklyn) 50
Produce Exch. 100
50
Relief
100
Republic
.y 100
Ridgewood
25
Rutgers'
100
Safeguard
St. Nicholas
25
Standard
50
Star
100
!00
Sterling
25
Stuyvesant
Tradesmen’s.... 25
United States.. 25
Westchester... 10
Niagara
Williamsb’g C
’78
’78
’78
’70
’78
’73
’78
’<6
7
h
3
3
7
3
7
2
7
0
7
6
on
July, ’78
J’ly,1900
38 '
95
58
103
55
85
80
22
70
75
1888
85
50
’78 87
June, ’93 mi
Ju y, ’78
Jan., ’84
Nov., ’78 115
Apr., ’93 JLUO
a\UV •Ivvx
May, ’88
Sept..’83
8
7
N(
ttocls, bnt the
100
80
,
7
7
5
7
7
o*
°%278
'90
Nov
1,050,000 M.&N.
4
40
10
20
10
10
-
10
10
12
12
10
10
20
10
20
10
10
20
.77, 5
July, *7h. s
20
10
20
10
10
20
10
12
20
80
20
10
20
18
20
14
20
17
10
20
20
25
10
20
20
•
•
•
150,000
150,000
1.000,000
200,000
200,000
300,000
200,000
200,000
200.000
200,000
200,000
300,000
200,000
200,000
150,000
250,000
300,000
250,000
1
ou
May. ’77
TniV
’on
'32)4
10
85
95
t
,
iso
170
200
105
50
*
*
V
•
60
115
126
130
107
100
45
105
T
,
1
50
5
July, ’78. 5
Ju y, ’78. 5
-“TV
75
135
96
121
• • ••
103
108
July, ’78. 5
July, ’78. 5
July, ’78. 5
•
Sept. ’78 5
•
no
..44
•••
•
•
•
...t
170
82
140
100
80
July. ’78.10
Jan., >78. 5
Ju v, ’78. 8
July, ’78.
Ju y, ’78.
July, ’78.
July, ’78.
Ju y, ’78.
July, ’78.
5
5
8
5
6
5
July, ’78.10
July, ’78.10
July, *78. 5
July, ’78. 8
July, ’78. 5
July, ’78.10
July, ’78. 5
July, ’78.10
Aug..’78. 7
,..4
90
155
80
....
135
105
140
165
165
83
135
•
•
•
• -
•
•
>
90
•
105
♦
*
*
ff
.
110
200
150
..f|
115
108
230
120
115
110
187
115
120
60
117
•
•
•
•
70
93
170
•
•
•
125
128
....
....
80
....
180
•
60
»
•
•
....
120
128
105
85
•
•••
•
•
.
.. .
120
135
130
100
195
INTKRHST.
Rate.
NcW York:
Water stock
do
1841-63.
1854-57.
Croton water stock..1845-51.
do
do
..1852-60.
Croton Aqued’ctstock.1865.
do
pipes and mains...
4o
repervoir bonds
Central Paik bonds. .1853-57.
do
ao
..1853-65.
Dock bonds
1870.
do
Ib75.
Market stock
1865-68.
90
55
Improvement stock.... 1869
25
do
go
....1869.
Consolidated bonds
var.
Street imp. stock
var.
do
do
var.
New Consolidated
Westchester County
100
70
175
11U
150
•
•
•
•
•
....
....
5
0
5
0
6
7
0
5
0
7
0
7
0
7
Cg.
0
7
6 g.
7
Months Payable.
Price.
Bonds
Bid. Aak
due.
Feb., May Aug.& Nov. 1878-1880 100
do
do
do
1878-1879
1890
do
1883-1S90
do
1884-1911
May & November.
1884-1900
Feb.,May Aug.& Nov. 1907-1911
do
do
1878-1898
do
do
1877-1895
do
do
do
May & November.
May & November.
do
do
do
do
do
do
do
do
do
do
January & July.
do
do
1901
100
102
103
104
109
107
101
100
110
1898
107
1894-1897 117
1889
105
102
102
103
100*
103
117
109
103
107
117
109
118
106
114
1879-1890 102
1901
111, 112
1888
102*4 105
105
1879-1882 102
112
1896
111
107
1894
100
100
98
90
103
[Quotations by N. T. Beers, Jr., Broker, 2% Wall st.]
Brooklyn—Local Impr’em’t—
City bonds
do
7
7
7
6
0
7
Bridge bonds...
130
Water loan
115
40
96
20
90
45
100
•
7
7
Park bonds
Water loan bonds
1 IO
105
11^
v.,’78 113
July, ’90 97
Aug.,’78 95
M«r, ’93 100
100
100
105
City bonds
Kings Co. bonds
do
do
Park bon 3s
f
January & July,
do
do
Jo
do
do
do
do
do
do
do
ao
do
May & November.
do
January
Bridge
Brooklyn bonds flat.
do
•All
do
&
July.
do
1878-1880 101
1881-1895 105
1915-1924 121
1903
1915
1902-1905
1881-1895
1880-18H3
1880-1885
1924
1907-1910
121
121
110
104
108
102
110
110
106
114
123
123)4
128*
112
109^
108
106
112
111
Jersey (My—
Water loan, long
*
date of, maturity of bonds
.
‘
112
,,,
103
195
130
60
60
•
.
150
[Quotations by C. Zabbiskir, 47 Montgomery St., Jersey City.]
02^
,
Over all liabilities, including re-insurance,
capital and scrip. t Inclusive of
Figure* vsiih a minus sign before them show that the company is
impaired to that extent.
m
90
45
ft
133
129
160
115
245
07
125
185
90
119
July, >78. 5
July, ’78. 7
July. *78 5
July, ’78. 7)4
JU'y. ’78. 3)4
July, ’78. 7)4
July, "78. 5
50,864 10
10
10
July, ’77. 5
10
432,403 10
12
July, ’78. 5
12
125,671 12
11
Oct., ’78. 5
418,974 30
30
20
July, ’78.10
103,590 20
20
20
July, ’78. 6
20
207,114 20
20
July, ’78.10
112,290 20
20
18
July, ’78. 6
056,319 15
20
20
July, ’78. 5
1J ,261 5
6)4
3)4 Jan., ’77. 3)4
t3 i,535 10
10
10
July, ’78. 5
10
+33,061 10
10
July, ’78. 5
78,072 11
13
12
July,
’78. 5
209,231 20
25
20
July,
’78.10
119,037 12*4 15 )4 10
July, ’78 8
10
10
19,411
10
Aug., ’',-8 5
169,443 11*6 11-55 12-35 July, ’78.6-23
102,' 22 12*4 15
17)6 July, ’78. 5
10
54,227 10
10
Aug., ’78. 5
20
150,210 20
16
July, ’78. 7
20
25
181,242
20
July, ’78. 5
237,990 16
10
10
July, ’78. 0
196,307 10
10
10
Aug., ’78. 5
20
414,028 20
20
July, ’78.10
200 000
*
130
July, *78. 5
Tuly, »78
•
50
65
1
12
12
13
10
20
1
*
*
....
scrip.
85
*76
Oct, ’78 05
.Jnne, ’84 100
NOV., ’78 170
Nov., ’80
July, ’78 135
Ocr., ’70 85
Al pr.
250,000 M.&N.
*
11
14
80
332,142 20
170,985 20
...
10
30
20
40
10
20
10
10
10
10
30
20
[10
115.836 12
19,650
10
65
100
*
!l50
90
55
95
50
80
78
16
90
’78
7
2,000,000 J. & J.
600,000 J & J.
144,783
108,807
41,245
+298,081
199,066
21,568
102,772
126,421
51,864
+294,756
81,567
201,431
227,280 14
272,201 30
183,521 10
54,368 10
170,808 20
114,891 20
184,751 20
12
13734
97
55
90
190
196
’77. 5
City Securities.
A..® U,
2,000,000 Q-F.
150,000
200,000
150,000
200,000
300,000
200,000
250,000
200,000
150,000
200,000
200,000
200,000
200,000
200,000
210,000
200,000
200,000
300,000
500,000
350,000
200,000
19,185
10
12
12
13
10
20
20
20
10
10
10
10
10
12
do
1869-71.
Sewerage bonds..... .1866-69.
Assessment bonds... 1870-71.
Improvement bonds
Bergen bonds
1868-69.
6
7
7
7
7
7
January & July.
January & July.
101
1895
1899-1902 107
do
do
1878-1879 100
Jan., May, July & vov. 1878-1879 100
J. & J. and J & D.
1891-94 106
Jannarr and
1900
105
.
'
65
85
’78.io 175
’78.5-72 125
’78. 0 120
[Quotations by Daniel A. Moran, Broker, 40 Wall Street.]
53
8714
60
130
’7gjo
’73,10
’7.8.10
] 01
July, ’94
Apr., ’78
200,000 A.& U.
750,000 M.&N.
415,000 J. & J
50
5
,140
7
2
1DU,WU
.
25
'
’78.
July, ’78 120
June, ’7n 145
Aug., ’78 99
July,
3}4 Nov.,
4
Nov.,
3H JaD.,
316
3)4 July,
3
Aug.,
2
Oct.,
3V^ J'»»y,
2)i> Nov.,
h
35
Equitable
25
7
5
4
122
3
Jb Cl
236,000
600,000
200,000 m!&n.
100
250,000
500
500,000 j. & j.
100 1,199,500 Q.-F.
nnn
J00
1st
TwerUo-lAird Street—Btocx...
1st mortgage
.
J. & J.
748,000 M.&N.
1,000
1
Cons. Convertible
Extension
Butth Aven.te- stock
qaq nnn
200,000
200,000
150,000
280,000
37)4
New Yo*rk Fire 100
N. Y. & Boston 100
New York City 100
CkA
99
500,000
200,000
50
50
50
50
.
10
20
20
20
20
20
20
10
10
’78.
’78.
’77.
5
Sept, ’78 118
3
July, ’78 50
3 H Oct., ’78 80
3
Feb., ’78 30
3)4g
100
...
..
.
1,000,000 J.& J.
20
N. Y.
*
2,100,000 Q-J.
30
Kings Co.(Bkn)
National
an
900,000 J. & J.
694,000 J. & J.
J effersdn
Merchants’
Montank (Bkn)
Nassau (Bklyn)
[Quotations by H. L. Grant, Broker, 145
Broadway.]
Bieecker St.dk Fultonterry—stk.
1st mortgage
50
Mercantile..
70
85
80
If 0,000
40
Lafayette (Bkn) 50
100
Lamar.. [
25
Lenox
LongIsl.(Bkn.) 50
25
Lorillard
Manuf.* Build. 100
Manhattan
100
Mecb.&Trad’rs’ 25
Mech’ics’(Bkn) 50
84
124
Bid. Ask.
-
3)4 Aug., ’78
1)4 Oct., ’78
Quar.
50
50
100
Knickerbocker
125
70
106
Date.
5
5
M.& S.
15
.
Jan., ’79. 3)4
Nov., ’78. 5
July, ’78. 4
*
25
100
Howard
Ju y.
—
Importers’* T.. 50
100
Irving
ioo
82
70
• r
Amount. Period.
"
....
4
10
Bid. Ask.
July. ’78. 5
July. 78. 3)4
July,
Jan.,
July.
20
Dec.,
20
Aug.,
20
July.
20
July,
17)4 Aug..
18
July.
5
July,
5
Jan.,
10
8
.
200,000
200,000
200,000
\2)4
204,000
150,000
87,581 12
150,000
200,000 —12,658
10
720,101
1,000,000
500,000 679,890 10
129,778 18
200 000
200,000 321,187 55
83,298 10
200,000
150,000 137,207 20
500,000 599,219 10
200 000
95,223 10
3,ooo!ooo 1,179.042 10
25
3*
3
2661666
50
dlohe
10
15
15
Price.
Last Paid.
9 80 11-45 il2-50 July,
’78.6 75
517.688 30
30
20
Oct.. 7810
102,433 14
14
14
July, ’78. 5
—11,973 10
10
3
Jan., .77, 3
110,105 15
20
15
Aug . >78. 5
154.588
15
15
July, >78. 7)4
90,569 19
15
12
July, *78 5
13,886 10
10
10
July, ’77. 5
300 000
Firemen’s
Firemen’s Fund
Firemen’s Tr..
100
Franklin
German-Amer. 100
50
Germania
3
t
10
25
15
10
1,000,(XT +1006519
30
50
17
10
10
Farragut
•
5
0
Nov,, ’78. 3)4
9
8
8
.
50
...
Exchange
150
145
120
3
an., ’79. 3
July, ’78. 4
fO,
98
0s! LC
Nov., ’78. 5
Oct, ’78. 3M
’74.
’78.
’77.
’78.
ioo
Eagle
Empire City.... ioo
ioo
Emporium
O
%nex
.
30
Continental.... ioo
9 The figures in this column are of date
October 1st for the National banks, and
date Sept. 21 for the State
banks.
+ Reductloi of capital stock cf Gallatin
Bank, from $1,500,000 to $1,000,000, went into effect Dec. 20.
Gas and City Railroad Stocks
and Ronds.
[Gas Quotations by George H.
Prentiss, Broker, 30 Broad Street. J
Par.
Commercial
,f
oi
Gas Companies.
Columbia
Commerce Fire
115
3
July, ’78. 4
Ju y, ’78. 5
July, ’78. 3
Q
10
9
8
City
Clinton.....*.... ioo
40
■1
10
10
7
7
....
Citizens’
Oct., *7H. 3
July,
6^ Aug.,
6)4 Aug.
3
July,
8
6
12
11
8
1
•
9
3*4
.
1875. 1870. 1877.
28,316 10
13,981 14
200,000
400,000 t560,904 15
73,779 ilO
200,000
517 8
200,000
78,642 10
200,000
300,000 415,561 30
200,000 307,980 20
153,000 209,786 30
300,000 1493,435 20
210,000 178,940 20
250,000 145,720 20
soo’ooo
2,022 !0
10
200,000
200,000 172,204 20
50
25
25
17
20
70
Broadway
Brooklyn
.
.
,
7)4
10
-
,
....
8
& .T
Jb
•
8
J. & J.
J. & J.
T
Atlantic
(
Bowery
Jan., *77. 3
Jan
’79. 3)6
Jan., ’79. 7 xl95
July, ’78. 4
Jan., ’78. 3
July, ’78. 5
Aug ’78..4 130
July. ’75. 3)4
Jan., ’70. 5
85
Jan., *79. 3)4
July, ’78. 4
Nov., ’78. 2
52
Nov., ’77. 3)4
80
Nov., ’78. 3
Jan., ’79. 3)4 122
Julv, ’77. 3
Jan., ’70. 3)4
Jan., ’79. 4 110
July, *78. 3
Nov., ’78. 2H 81
July, ’78. 3)4
July, ’78. 4t
Aug., ’78. 4
Jan., ’77. 3
July, ’77. 3
July, ’74. gu
Jan., ’79. 4*
Nov.,’78. 2%
12
8
•
6
7
ISIS nnfi
11
Q
Cft
Feb., ’74.
May, ’78.
May, ’77.
Nov., *78.
6>4
J.& J.
.1
.
1878.*
200,000
ioo
Amity
235
3
7
14
8
10
10
4
38300
55,600
84,500
164,400
217,70(
297,300
142.500
200,000
100 1,500,000
100 1,000,000
Seventh Ward. 100 300,000
Second
100
300.000
Shoe * Leather 100
1,000,000
100
200,000
State of N. Y.. 100
800,000
Third
100
40
8
673,100 J.& J.
79,200 J. & J.
75,700 F.&A.
100!
Tradesmen’s...
6
6
8
3
14
68,300 M.&N.
9n i non non
Republic
8t. Nicholas...
6
7
85,300
100,000
1,000,000
2,000,000
200,000
300,000
750,000
700,000
240,000
300,000
422,700
2,000,000
25] 412,500
-Tnlv
O Ui J y
....
4,000 J. & J.
74,500 J. & J.
284,100 J. & J.
919300 J. & J.
89,600 M.&N.
89,900 M.&N.
184,200 M.&N.
719,900 J. * J.
218,000 J. & J.
40,200 J.* J.
857,400 J. * J.
50 2,000,000
Merchants’ Ex. 50 1,000,000
Metropolis*.
100
500,000
90
Jan., ’76. 3
Aug.. ’78. 5
July, ’78. 3)4
July, ’76. 3
7
7)4
20.900 M.&N.
nil.
200,000
Adriatic
25
.Etna.
loo
American
50
American Excb |00
101
||ff
July, ’78. 3
Nov., >78.15
July, >78. 3
Nov., ’78 5
July, >78. 4
10*
10
43,100 F.&A.
...
Oriental*
Pacific*
’78. 3*4
6J>4
7)4
446,300 M.&N.
655,000 A.& O.
...
Nassau*
New York
N. Y.County..
N. Y. N. Exch.
Ninth
No. America4..
North River*.
July,
12
12
Manhattan*.... 50 2,050,000 1,019,300 F.&A
100
100
100
100
100
100
100
70
50
25
50
100
8
10
10
143,800
500,000 1,277,400 Q-J.
3,500,000 887,800 .1 & .1
Manuf. *Mer.4 20
100,000
Marine
100
400,000
Market
100 1,000,000
Mechanics’
25 2,000,000
Mecb. Assoc’n. 50
500,000
Mech’ics * Tr. 25 600,000
Mercantile
100 1,000,000
Metropolitan..
Murray Hill*..
Jan.,
129
100
.
Grocers*
40
22,700 J. & J.
300,000
Hanover
100 1,000,000
168,100 J. * J.
Imp.* Traders’ 100 1,500,000 1,763,200 J. & J.
Irving
50
500,000 114,000 J. & J
Island City*... f.0
7,900 J. & J.
100,000
Leather Manuf. 100
600,000 412,300 J. & J.
Merchants’.
Jan.,
July,
4
s
’79. 5
’78. 8
’79, 3
....
150 000
30
600,000
50 1,000,000
German Am.*. 100
750,000
German Excb.* 100
200,000
Germania*
100
200,000
25
25
Jan., <79.
V4 Nov., ’78.
12
16
8
....
Gallatint
Greenwich*....
•
8
300,000
10
9
450,000
300,000 3,220,800 Bi-m’ly 100 100
600,000 160,900 J. & J.
8
6)4
10
1,000,000 1,514,600 M.&N. 20
5,000,000 2,598,300 J. & J.
7
6
3
1,250,000 820,200 J. & J.
10
1,000,000 681,200 F.&A. 10
250,000
60,800 J.&J.
6)4
7)4
100,000
6
8,500 J. & J.
.
Grand Central *
Par. Amount
1
Am.
Butchers** Dr.
Bid. Aek.
Last Paid.
SECURITIES.
Insurance Stock List.
[Quotations by K. 8. Bailey, broker,7 Pine street.]
Net
Capital.
Dividends.
Surplus,
Companies.
July 1,
at
Mark’d thus (*)
are not Natl.
[VOL. XXVII.
102
108
101
101
107
100
December 21,
THE CHRONICLE.
1878.]
649
8
AND
STATE, CITY AND CORPORATION FINANCES.
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
office, as only a sufficient number is printed to supply regular
The
in
Supplement, however, is bound
with The Financial Review (Annual), and can be purchased
that shape.
ANNUAL
REPORTS.
.
“
on
“
on
“
on
“
on
for the full fiscal year.
$743,403
70,000
44.333
!...
2,850
21,484
<>QQ
241,047
108,931
$5,093,496
8
Express
Mails
Rents
.
Floating debt
400,000
COST OP ROAD AND
May 31.
Tele,
Graduation and masonry
^
EQUIPMENT.
1878.
$16,640
....
.
3,712,931
Bridges
Superstructure
358,771
6,941,276
Third rail
Stations
1,060,032
2,044,689
Engine and machine bouses
Land, fences and damages
Locomotives and snow ploughs
Cars—passenger and baggage
Water transportation, New York Harbor
Oars, freight, &c
1,970,656
806,656
4,411,919
1,256,762
255,788
7,640,478
687,464
90,564
Ferries
Engineering, &c
New York & Erie Railroad and Erie
and franchises
Railway
Total to May 31, 1878
Add from May 81 to September 30Gradation and masonry
...
Miscellaneous.
Sept. 30.
$86,536,910
64,271,814
1,687,216
Totals
Passengers
Freight
358,771
1,060,082
2,022,003
1,970,655
794,941
4,485,717
$117,445,120
1877-7$.
$15,644,980
Transportation expenses.. 10,635,882
Net earnings
Land and fences
Incidentals
Third rail east of
Third rail east of
1676-77.
$14,708,889
10,899,839
1875-76.
1874-75.
$15,852,461
12,231,201
$16,876,860
12,679,180
$3,909,050
$8,621,260
$4,197,728
$5,009,118
The
receipts from other
sources
than earnings in the whole
fiscal year 1877-8 were as follows:
Pavonia Ferry, baggage express, Grand Opera House, &c
Interest
on
securities
Royalty
on
Oil Buff. Brad. & Pitts. RR.
$440,090
259,600
9,919
Total
$709,809
NET RESULTS.
Net earnings as above
From other sources
From interest on securities, &c.
From claims prior year
Total net income
24,177
1877-8.
1876-7.
$5,009,118
$3,909,050
450,009
259,8C0
434,944
226,546
824
$5,718,927
Snmlns
167
95
1875-6.
$3,621,260
406,043
281,260
$1,636,717
$1,303,084
1874-5.
$4,197,728
123,028
205,625
172,286
$4,808,563
$1,229,680
$4,698,615
$1,353,164
625,431
*
The Grand Opera Heuee property and the
received remain in possession of the receiver.
336,676
205,624
,
36,177
Deficit
378
Waverly, general fund
Waverly, special fund
$14,708,289
RECEIPTS PROM OTHER SOURCES.
4,449
-
$14,708,880
$15,644,980
Gross earnings
2,239
Engine house, &c
$10,452,298
RECAPITULATION POR POUR TSARS.
687,464
90,664
$117,633,790
Station buildings
141,922
Taking these figures and comparing them with the previous
1,254,099
256,783 three years, these items and the final result, after deducting all
7,628,203 payments from total net income, were as follows :
86,310,804
..
18,110
65,339
195,190
Sept. 30.
6,801,841
10,647.807
332,886.
348,070“
$1,170,075
3,827,414
Other
1877.
$13,861
3,710,875
Year ending
Sept. 80, ’77.
$3,220,089
Add for four months, May 31 te September 30—
1877.
86,299,265
Bridges.
Superstructures
$5,837,804
116,292
21,784
Total for fiscal year
Sept. 80.
$86,636,910
endiDg
mos.
May 31, 1378.
$1, 900,045
8,087,075
261,759
Passengers
engt
Freight.
STOCK* AND DEBTS.
.
$5,837,804
EARNINGS.
(For the year ending September 30,1878.)
The report of this company to the New York State Engineer is
in two parts—the first embracing the report of Mr. Jewett, as
Receiver of the Erie Railway, from September 30, 1877, to May
31, 1878 ; and the second including Mr. Jewett’s report as President of the reorganized company, from May 81 to September 30,
1878. As the reports were sent from Albany to the daily news¬
papers, they were somewhat mixed, and presented no basis for
comparison with 1877, but the figures are put together in the
tables below in such a manner as to make intelligible comparisons
Funded debt
mliss
$3,861,146
Total for fiscal year
Capital stock paid in
175
44,625
Gold premiums
Rental leased lines
Other expenses, ferries, docks, horse lines,
express, &c
New York lake Erie & Western (Erie).
1878.
8
4,148
Long Dock bonds
B. H. & E. bonds
loans and mortgages
Weehawken Dock mortgage
Year ending
Sept. 80, ’77.
$29,896
24,352
.
Totals
Add for four months, May 31 to Sept. 30, ’78—
Interest on funded debt
subscribers. One number of the
up
mos. ending
May 31, 187S.
Foreclosure expenses
Claims prior to October 1, 1877
Blake’s Dock, Buffalo
Judgment in favor of Arnot estate
Loss of Buffalo New York & Erie bonds.
securities on which interest is
New York & New
England Railroad.
ending
Sept. 30,1878.)
$l'l7,445,120
The third annual report of the directors of this company
In regard to the foregoing totals, it will be observed that the
New York & Erie Railway and franchises” are not
changed on (formerly the Boston Hartford & Erie) contains the following:
September 30 from the statement issued May 31. Mr. Jewett Gross receipts of roads operated (not including the Norwich &
Worcester)
$1,025,935,
says of this, in his returns September 30, that, until the amount
Total to September 30
(For the
$118,207,909
year
“
*
of stock
and
bonds of the company
which are to be issued in
exchange for the stock and bonds of the late Erie Railway Com¬
pany is ascertained and adjusted, the total cost to this comDany
of its road and equipment cannot be stated.
EXPENSES.
8
mos. ending
May 31, 1878.
$1,505,502
Maintaining road, &c
Repairs of machinery
Office expenses
1,324,269
175,956
67,922
557,173
594,219
...
Telegraph operators
Agents and clerks
Labor
Porters, watchmen, (fee
198,067
38,361
774,156
602,908
660,446
Station attendance
Conductors and brakemen.
Enginemen and firemen....
Fuel
Oil and waste, engines
Oil and waste, freight.
Oil and waste, paesengers..
Loss and damage, goods...
Loss and damage, persons
Loss and damage, property
General office expenses....
General superintendence..
General office clerks
49,365
41,670
12,930
23,010
8,132
3,559
48,542
May 81 to Sept. 30, 1878.
Total for fiscal year
EXPENSES
-
OTHER THAN
833.994
677,132
305,750
58,632
1,231,918
977,004
984,923
77,839
65,021
21,483
27,238
8,888
2,674
69,761
135,893
88,612
475,029
153,741
635,448
$7,363,114
$10,899^839
.
3,272,748
$10,635,862
May 31,1878.
$2,538,509
140,000
88,666
42,968
107,335
7,560
487,750
8,234
.
•Expenses of ferry, horse-cars, baggage
press, Grand Opera House property, &c
Taxes, 8tate of New Jersey
249,101
106,802
$10,S99,839
POR CONSTRUCTION OR TRANSPORTATION.
8 mos. ending
Year ending
Accrued interest on funded debt
On Long Dock Company’s
npany bonds.
On Boston Hart. & Erie bonds
On Weehawken Dock mortgage
On loans and mortgages
Gold premiums
Rentals of leased lines
Taxes in Pennsylvania .. =
Ite-organization
1,981.059
113,275
Contingencies
Totals
Add for four months,
Year endiDg
Sept. 30, ’77.
$2,2^5,529
Sept. 80, ’77.
$3,807,764
210,000
133,0C0
64,453
221,673
32,579
730,647
ex¬
368,517
13,207
405,524
19,422
46,78*
Operating expenses, taxes, rentals, &c
Net
earnings,applicable to interest and permanent improvements
870,230
$155,701
During the year 1877 the Norwich & Worcester Railroad, which
is operated by this company under a temporary arrangement
terminable at short notice, paid from its earnings a profit of
$35,552 above its rental. This year its net earnings have been
reduced partly by reason of the unfortunate and unnecessary
competition between the steamboat lines doing business between.
New York and Boston, and it has been operated at a loss to this
company of about $6,000.
The corporation has been put to unusual expense during the
last year by reason of the rapid increase of the freight traffic.
The want of sufficient rolling stock has compelled the payment
of mileage for the use of freight cars belonging to other roads to
an amount exceeding $24,000;
and the very cramped condition
of the depot and yard accomodation at the Boston terminus has
added largely to the expense of loading and discharging the
freight received. The company has also been in urgent need of
proper machinery and tools in its workshops.
The recent acqui¬
sition of the Hartford Providence & Fishkill Railroad has put the
company in possession of well-equipped shops in Hartford, and
las added largely to its rolling stock; and the purchase of
Drake’s Wharf during the last year, and the lease of the
Commonwealth’s flats in South Boston, have supplied other
pressing deficiencies, and will enable it to conduct its business
lereafter with greatly increased economy both of time and
money.
On the first day of October, 1878, a sufficient amount of subscrip¬
tions to the first mortgage bonds had been secured, and, in
accordance with previous notice, payment of the Hartford
! Providence & Fishkill bonds, secured by mortgage of its road in
Connecticut, was commenced in Hartford. On the 18th of the
same month, the road was surrendered to this corporation, under
decree of the United States Court, by the trustees in possession.
On the 2d of November the directors availed themselves of the
improved credit of the company by paying the overdue note held
}j the Massachusetts State Treasurer, amounting to $250,000,
and that Commonwealth is now merely a stockholder.
650
THE CHRONICLE
EARNINGS AND EXPENSES.
(Eastern, Southbridge, Providence, and Woonsocket
Divisions,—152 miles.)
From—
Income.
PasBenger...
$42?, 332
Freight
505,809
Express and extra baggage
48,704
15,947
6,893
9,581
Malls
Passenger
service
Rent of road (me of track)
Rent of property
car
10,066
Total income
Total operating expenses
$1,025,935
797,565
Net income above operating
expenses
Amount paid other companies as rent for
Net income above
Taxes..
Interest—paid
Paid
Paid
operating
The President
says: The
outstanding bonds have been increased
$253,100. This was deemed
necessary, and directed by the
Board, to reduce the floating indebtedness on
bills payable and
otherwise, to which their proceeds have been
applied. None
have been sold at less than 80
per cent of their par.
Bills payable
outstanding were reduced $153,414, and at this time are
still
further reduced in amount.
During
the
fiscal
the
year
had not found it practicable to
company
make any payment on the
annuity. Since its close, however, and within the last few State
the sum of $30,462 has been
weeks,
paid on that account. If
legislative
authority were obtained, authorizing the
company
to
liquidate
$22^,369 and satisfy this annuity to the State
by the delivery of its interest22,781
bearing bonds for
.
use
[VOL. XXVII.
of road
expenses and rent of other roads
on first mortgage bonds
cent notes of 1876
$10,6o0
$26,320
on seven per
on
...
.
$205,587
26,000
81,755
Discount on bonds
Rent of property at Boston terminus
Company that
arrangement should be effected.
29,435
sundry loans
whatever balance should
appear to be due from
the company on this
account, it would seem to be
dearly in
the in'erest of both the State and
the
4,^00
39,052
...
-
136,439
such
an
At the general
meeting of the stockholders, called and held in
Richmond on' the 15th of October
last, an arrangement, as then
fully reported, was approved and
authorized,
to-re-establish and
secure
permanently proper business connections with the Char¬
lotte, Columbia & Augusta Railroad,
extending through a popu¬
lous and productive
country—195 miles from Charlotte, North
132,572
Carolina, to Augusta, Georgia. In accordance
Total surplus September
30, 1S73
therewith, that
$201,721 arrangement has been fully consummated
by full, payments and
GENERAL BALANCE SHEET SEPT.
proper transfer of 3,767 shares of the
30, 1S7'8.
capital stock of said com¬
Dr.
pany
in proper trusts for the protection of the interests of this
Railroad equipment and
property, as represented by B. H. & E. R.
R. “Berdell Bonds”
company in respect of the sum of money advanced
by the com¬
$20,000,000 pany on this account, and in such manner as
cannot fail to
New construction by the New York &
secure,
as well to this
New England R. R. Co
company as to the Charlotte, Columbia &
New eqnipment added
452,077
by the New York & New England R. R. Co.
Augusta
170,456 Railroad Company, the mutual advantages of a free
Supplies and materials on hand
interchange
Balances due from
68,415 of the large and valuable traffic which
connecting roads and individuals
their physical relations
Cash..
24,077
naturally develop and require. Only a short time has
29,803
elapsed
since this arrangement has been
perfected and put in operation,,
$21,541,797 but the advantages anticipated have been so far
Or.
fully realized,
Balance for the year, or
surplus
Balance at commencement of .the
$69,148
year
..
Capital stock—Amount actually issued
B. H. & E. R R. “Berdcli
Bonds,” entitling holders of
stock in the New York & New
England R. R. Co
First mortgage seven
per cent bonds, due 1905
Seven
and it is not doubted will
$5,817,000
.
to
same
400,(CO
376,000
125,000
219,977
18,752
120,632
79,712
201,721
per cent notes or 1^76
Notes payable
Accouuta payable (for coal)
Balances due connecting roads
Cash receipts on October
account
Profit and loss
~
Richmond & Danville Railroad
Company.
{For the year ending September 30,
From the annual
report the
$21,541,797
following is condensed
EARNINGS AND EXPENSES.
RICHMOND AND DANVILLE AND
PIEDMONT
Earninga from freights
Earnings from passengers
:
199,826
72,815
miscellaneous,,
Total
earnings
Expenses of maintenance, operation and repairs
$942,385
Amount of earnings over expenses
Amount received from interest on
investments
$310,947
631,438
47^992
Total net revenues of Richmond and
Danville and Piedmont RR..
$358,939
NORTHWESTERN NORTH CAROLINA
RAILROAD.
Earninga from freights
$24,920
Earnings Irom passengers
Earnings from mails,
Total
express and
11*045
miscellaneous
2,124
earnings
Expenses ©f maintenance and operation
Net earnings and charged
above
ments
as
$38,091
19,223
part of iuterest
on
invest¬
$18,867
NORTH CAROLINA RAILROAD.
Earnings from freights
EarniDgs from passengers
Earnings from mails, expiess and miscellaneous
-
Total
$’61,999
19j’437
38*581
Expenses of maintenance
and operation
$494,022
334*362
.
earnings of North Carolina Railroad
Total net revenues from all lines
Deduct interest on funded debt
Richmond & Danville RR..
$252,440
$159,659
...
Balance,
expenses
.
excess of
$510 593
operation
on
$320,071
$3f>8,644
$43,573
$128,032
.....
201,144
expenses and liabilities
over
earnings,
on all lines
all lines,
$63,214; the
$4,119
expenses of
;
total increase
maintenance and
heavy losses in the
destruction, by high water, of its bridge very
the Staunton River,
over
and iDjurieB to its road-bed and
other structures on the
Staunton
These losses amount, in
payments for restoring
bridges, road-way, &c., and for injuries to
goods in transportation
at the time, to at least
the sum of $65,000. The
Staunton River has been
crossing at
permanently restored by the elevation
of the stone
piers and abutments four feet above the
former
and James rivers.
and the erection of
a
and durable pattern.
wrought-iron bridge of the
most
level,
improved
600
9,100
$162,500
.
........
...
$43,573
9,106
$34,467
55 31-100 per cent.
From the report of the
President, Mr. A. F. Ravenel, the follow¬
ing is condensed:
Reviewing the above, you will notice the gratifying increase
of $43,573 in our total
receipts over those of the past year, equal
to 13| per cent.
From the accompanying statements, this
increase is shown to have occurred so
equally in the several
departments of our business, that special comment upon it in
any
one of them is deemed
unnecessary. Daring the past year we
have moved 78,5G0 bales
cotton, and 132,706 barrels naval stores,
against 66,686 bales cotton and 133,385 barrels naval stores the
previous year. Operating expenses have been kept within the
limit necessary to the maintenance of the road
and its appurten¬
ances
in
safe
a
and
proper
performance of the operations
condition, and to a
connected therewith.
The financial condition of the
company on
will appear from the
following statement:
Net proceeds of transportation for 1877-8
satisfactory
30th Sept., 1878,
$162,500
..
From which deduct the
following amounts—
Interest on bonded and other debt
Current interest
Taxes for 1877, as called for
Claims of previous year, and in
litigation, settled this year...
Taxes for 1878
*
Extraordinary
expenses—
Purchase of patent riaht on car brakes
:.....
Cost of restaurant and fixtures
Cost of passenger car shed at Charleston and
conversion of
our former shops into a
depot for Savannah & Charleston
Railroad Co
$95,499
2,181
2,550
924
3,614
3,200
1,184
8,949
$112,105
Sept., 1878
$50,393
Sept., 187?
on all lines have increased
increase of earnings on all lines of$44,734 ; leaving a total net
$18,479. The ratio of ex¬
penses to earnings on the
aggregate
operations
of all the lines is
66’8 per cent. The
company suffered
72,503
13,905
’
$72,836
As compared with last
year there was an increase of
on the Richmond &
earnings
Danville Railroad of
$33,068; an increase on
the North Carolina Railroad
of $26,026
Northwestern North Carolina Railroad of ; an increase on the
earnings
Inc.
$31,9-'5
11,027
192.0j8
Balance to credit of profit and loss, 30th
At credit of profit and loss, 30th
for the year
of
Operating
1877-79.
$265,607
83,631
14,505
.
earnings
Total net
Total
1876-77.
$233,662
'Net increase in revenue..
Ratio of expenses to receipts
RAILROAD.
_
From passengers
From mail
Increase in receipts
Iucrease in expenses
$669,713
EarniniiS from mails, express and
The annual
tlios^ of the preceding year :
Receipts.
From freights
Balances.....
1878.)
continue.
Northeastern Railroad. ($• C.)
{For the year ending Sept. 30, 1878.)
report shows the following results, compared
with
14,183,000
Mortgage note
so
57,840
Credit of profit and
loss, 30th Sept., 1878
$108,234
The indebtedness of the
company is as follows :
17,987 shares of capital stock at $50
$899,350
1,640 first mortgage eight per cent bonds of $500
each, due 1st Sept.,
:
1899....*
820,000
644 second mortgage eight
per cent bonds of $500 each,
due 1st Sept., 18<9
$322,000
Of which 176 bonds are held
by trustees for the security of
the preferred stock
88,000
.
_
$>34,CCO
1,760 shares of preferred stock of $50 each, secured
by 176
second mortgage bonds deposited with
trustees
88,000
4 second mortgage-(old
bonds)
Real estate
Certificates of indebtedness,
per cent
boaefa
outstanding, $500
payable in annual installments of 10
49,67$
Intmst outstanding.
Profit and loss
To meet
1
which,
We have the road, 102 miles
sidings, &c., at a cost of
And assets amounting to
322,000
2,000
28,000
each
9,501
108,234
$2,238,765
long, with its equipments,
$2,148,180
90,634
$2,289,766
December *1,
THE CHRONICLE.
1878.
651
beg to calkyour attention to the fact, that in the above the Cost of road-bed and equipments..
Payable’* no longer appears, and further, that Expenses
there are no current obligations outstanding which the company
Earnings.
Passengers
is not prepared to meet.
Rents—for track
The entire issue of our new first and second mortgage bonds Cars sold
is, respectively, for $840,000 and $322,000. There are still out¬ Real estate
Manure
standing and awaiting redemption, $2,000 of the old second mort¬ Rent
for real estate...
gage bonds—for which, when presented, we have on hand a Signs in cars
corresponding amount in new bonds. With reference to the pre¬ Interest on mortgages
We
item of “ Bills
.
1,263,696
$286,745
1,268,890
$285,493
$243,883
$265,254
29,800
stock, it is proper to repeat that when issued it was
secure it by a corresponding amount of second mort¬
gage bonds to be lodged in the hands of trustees ; hence, it is not
a distinct
liability, but rather a substitute for or representative
of an equal amouut of second mortgage bonds.
As both bear
the same rate of interest, the conversion of one into the other has
been consented to, at the option of their respective holders.
The
amount of either may iImis be varied, but the aggregate of both
will always be repre^ i. t . by the sum of $322,600.
We have row to confirm, to you, the completion, by the Ashley
River Railroad Company, on the first January last, of four miles
of their track, from the 7-mile station on this road to the west
bank of the Ashley River, at which point it connects with an
extension of the Savannah & Charleston Railroad, from its John’s
Island station—thus establishing an all-rail connection between
the cities of Charleston and Savannah.
Under the authority
conferred upon your board, at your last meeting, “ to endorse the
bonds of the Ashley River Railroad Company to an extent not
exceeding forty thousand dollars, to be issued by that company,
and secured by a mortgage upon its
property and franchises, said
bonds to bear interest at the rate of eight per
annum,” your
president did, upon application, duly endorse the bonds so
Totals
executed.
{For the
135
Number of cars
Number of horses
following additional
✓
EXPENSES.
1878.
$928,439
628,395
1,46 V 89
Repairs of machinery
Operating road
Payments to surplus fund...
Liabilities A. & G. W., paid
other roads...
Funded debt
$750,000
$750,000
416,0J0
725,001)
416,000
5o0,0uu
Cost of Eoad and Equipment.
Road-bed and superstructure
Total..
Expenses.
Repairs of road-bed, &c.
estate
Operating road
....
Interest
Dividends on stoca, 10 per cent
Reduction of floating debt..
Totals
»
Passengers...,
$11,542
$12,450
15,3(0
576,520
29,120
663,751
13.822
29,085
correspondent
150,COO
75,000
railroad.
$782,483
$S69,109
$820,786
12,482
$sro.oi8
18,797
Old iron, &c
Advertising.
600
2>0
4,102
3,072
1.8S4
15,164
2,250
1,350
Car
Bond
6*519
Sundries....
114
108
1,204
$600,000
338,665
55,004
1877.
94,000
sleighs
Repairs, road-bed, «fec
on
real
$968,423
$902,638
es ate
$13,944
$o,3t7
19,119
280,382
Interest
77.100
on
account of Bleecker street RR.....
10,997
.
6,750
Bleecker street stockholders per terms of lease
Order Bleecker street company
Detective service
Past-due coupons
Dividends
203
working.
over
year,
and looking forward to April 1, 1879,
And for paying certain branch bonds then maturing, which were
provided for in the first $20,000,100 of
oar
consolidated mortgage
Making available for these purposes, consolidated 7
per
$1,625,000
578,000
cent bonds
$2,203,000
Instead of thus increasing our
debt, the board has decided to
meet the conservative spirit of the times by offering to our
stockholders 10 per cent of new stock at par, upon the terms
proposed in the annexed circular, which will produce approxi¬
mately the amount now needed.
The company have been, for the past year, under the pressure
of two large successive crops aud of the demands of a very rich
and growing country, constantly pushed to increase its rolling
Expenses.
Operating road and repairs
Payments
87,454
©ntlays of this
might use about
for about
Total
Taxes
$5*7,274
87,454
The officers of the
our
we
165,141
72,768
all
The N. Y. Herald
the connecting
Pennsylvania road say they are the
now
$10,000,000 of 7 per cent bonds for such construction as might be
Illinois, but, being prior to the purchase of the Iowa
Railroad, no provision was made for construction in Iowa, and
consequently all the outlays there, amounting, up to January 1,
1878, to $1,059 085, have been paid out of surplus earnings.
Of our $10,000,000 fund of 7s we have in the five years used
about $2,490,000.
$600,000
3 5,66 )
110,783
are
“ The trouble will arise
needed in
For
175,011
5
The board for some time has had under consideration the ques¬
tion of changing its system for raising such money as is neces¬
sary for construction.
The consolidated mortgage made in 1873 provided a reserve of
Road-bed, superstructure, and $150,000 paid the
$595,145
3
6
been issued by the
stockholders :
Cost of Eoad and Equipment.
city
Land, building-, &c
Cars, horses, &c
5
Chicago Burlington & Quincy*—The following statement has
directors of this company, addressed to its
ifto
1,191
TWENTY-THIRD STREET CN. Y.) RAILROAD.
Stocks and Debts.
187S. '
.
$3,803,305
833,190
2,761,493
situation, and can prevent the consummation of
plan, as they are the owners in fee simple of about a mile of
Connecting road, the courts having recently confirmed their
claim to the property in fee simple. The other parties in interest
cite the new Constitution in support of their right to run over
any road on payment of charges.”
$348,324
$890,552
In items of operating road, pay of conductors and drivers is put at $167,589,
against $192,811 last year.
Number of passengers carried
16,415,732
17,000,367
Floating debt
$3,844,290
908,302
2,647,146
the
the
Totals.;.
Number of cars
Number of horses
says:
masters of the
700
Funded debt
The other connections
75,000
.
Capital stock paid in
lb7.250
the Philadelphia Wilmington & Baltimore, the Connecting
railroad, a short piece of the Philadelphia & Reading, the North
Pennsylvania, the Bound Brook, and the Central Railroad of New
Jersey. A survey of the ground is now being made for connect¬
ing the Philadelphia & Reading with the North Pennsylvania.
....
Earnings.
:
Number of tons freight carried
Number of persons killed.
Number of persons injured
S 734,275
2,911,543
162,485
over
$2,100,203
on real
$839,541
2,839,480
dently stated that
679,995
20b,175
108,000
Horses and harness
Cars
Cars and
$3,876,143
Baltimore & Ohio—Central of New Jersey.—It is confi¬
a movement is being made by the Baltimore &
Ohio Company for through connections by rail with New York,
$906,033
Land, buildings, &c
Horses
Rents
Manure..
$3,844,290
135,035
339,112
EARNINGS.
Other sources.......;
Floating debt.
Taxes
55,508
302,605
...
ssengers
1877.
637,130
1,519,751
81,965
344,491
57,846
304,611
Hire of cars, &c..
over
1877.
$836,999
28,850
eight
1878.
NESTS.
made:
returns of railroads are from
Capital stock paid in
97
437
Atlantic & Great Western.—At Buffalo, N. Y., Dec. 9, in the
special term of the Supreme Court, Judge Daniels handed down
a decision in the case of the United States
Rolling Stock Com¬
pany vs. John H. Devereux, as receiver of the A. & G. W. R. R.
The motion was for an order directing the receiver to pay to the
plaintiff $280,899 and accrued interest, which was granted.
For the year ending Sept. 30, 1878, the following figures are
Total
SIXTH AVENUE.
Stock and Debts.
5,408,761
98
429
GENERAL INVESTMENT
Tolls
reports filed with the State Engineer:
$305,753
$286,112
•
The
535
2,800
Pay for conductors and drivers, $56,995, against $63,343 last year.
Number of passengers carried
5,027,837
ending September 30, 1878.)
year
2,5S8
1,004
898
Miscellaneous
New York & Brooklyn Horse Railroads.
,16,600
1,811
ferred
resolved to
16,977
4,384
3,000
4,688
273,737
41,525
50,000
813
16,0*8
48,000
stock and other faclities for
business, and also to put out
branches,
built,
easily
along
the
fertile valleys north and south
Total
$456,604
$439,931 of our line in Iowa, where the railroad is almost as necessary to
Number of pa-sengers carried
9,668,604
8,683,490
the farmer as his cart and plough.
Number of cars
92
90
Number of horses and mules
800
To show how far we have resisted this pressure, at a time
600
In the report last year the transactions of the Bleecker street & Fulton
when rolling stock as well as other materials have been unprece¬
Ferry Railroad were ii.eluded, as a leased line to the present company, but this
dentedly low, it may be mentioned that we have, in 1876 and
year no mention is made of it.
1877, paid $155,342 and $150,833, being equivalent to about S
ATLANTIC AVENUE, BROOKLYN.
per cent on $1,900,000 of capital, for the use of other companies*
Route from South ferry to Jamaica.
ears, thus indicating the extent to which we have been Bhort of
48,000
*
Stocks and Debts.
Capital stock paid iu
Funded debt
Floating debt
1878.
$650,200
44 3,720
....
1877.
$650,200
472,<K)0
....
rolling stock.
While every
branch built in Iowa has been a very valuable
feeder, notwithstanding their high cost, we have held back from
•
II
I
652
THE CHRONICLE.
building others until the subsidence of the Granger mania
returning sanity of the Western people seem to give us
assurance that certain branches, which can be built at
very low
<cost, will not only pay a fair return upon the cost, but become
valuable feeders over a long extent of road, besides
averting
injurious competition.
and the
Our
new
branch in Illinois—the St. Louis Rock Island & Chi¬
cago—bought at a low price two years ago, has, however,
required large outlays for repairs and re construction, which we
have made as fast as they could be done
economically, and which
are now
nearly completed.
Under these circumstances the board his authorized an
outlay of
about $1,300,000 for four new roads in Iowa,
amounting in all to
112 miles, of which, up to April 1, only about
will be required
They have also authorized the reduction of certain heavy grades in
Iowa, which have been a constant source of increased
operating
expenee, estimated to cost, with some double traca
We have to pay, od April 1, the maturing bonds of the
Carthage &
Burlington and Keokuk & St. Paul branches, amounting to
We have thus to provide for the above items of new
construction,
by April 1, about
-We have also procured or authorized the purchase of new
stock
(including about 2,400 freight cars), amounting to
rolling
Our outlay for other items of construction for the current
year, estimated u[>to April 1. 1879, is about
And on the St. Louis Rock Island & Chicago Railroad
Total
Toward which
have used consolidated 7s, and other
assets, about.
we
520,000
578,000
$2,018,000
1,178,000
Total
*■
$920,000
Toward
paying for which it now seems probable that we shall have,
fully keeping up our road and equipment, and paying all
interest, rents, sinking funds, taxes, and two 4 per cent
aividends,
surplus earnings for 1878 of
$3,196,000
331,000
468,000
$3,995,000
295,000
$3,700,000
after
900,000
Leaving to be provided for, about
$2,800,000
The president of the company, in a circular over
his signature,
says that the board have either expended, or authorized the
[Vol. XXVIL
man, and he probably has a
of the city of Memphis than
therefore entitled to
are
present
“
funding scheme:
larger interest in the true prosperity
any‘ other living person. His views
great weight. Mr. Wilson says of the
With a vigorous effort on the
part of the city authorities and
the friends of the city in its behalf, and with the aid of
such
manifestations on the part of the commercial men and
other
citizens of Memphis, as will show their intention to hold the
pay¬
ment of the principal and interest of these new
bonds in the
nature of a sacred indebtedness
(to be paid at all
hazards, under
and all circumstances)—with efforts thus made the
funding of the debt may yet be so consummated under the
present funding bill as to leave the outstanding amount a mere
bagatelle.”
any
Missouri Kansas & Texas.—The land commissioner of this
road reports that during the eleven months
ending Nov. 30 sales
from the land grant were 93,039 acres.
—A Washington dispatch of December
16, says: “ The case of
this company against the Kansas Pacific
Railway,
appealed from
the Supreme Court of
Kansas, was decided in the United States
Supreme Court to-day.
The suit involved the title to about
90,000 acres of land in Kansas. The Court decided in favor of
the Kansas Pacific Railroad
Company,
holding that the ques¬
by the construction of the respective
grants under which they claim, and not by the dates of the
tion is to be determined
location of the routes of the
companies.”
Montclair—New York & Greenwood Lake.—Receiver Hobart
has turned over the Montclair
Railway to'the new owners, the
New York & Greenwood Lake
Railway Company, and the latter
company has assumed the management. The Chancellor of New
Jersey filed an opinion denying the motion recently made, to set
aside the sale, and directed Receiver Hobart to
transfer the road
to the
new owners.
New
Jersey Midland.—The
holders for foreclosure
came
suit of the first
mortgage bond¬
before Chancellor Runyon of New
expenditure of, about $2,800,000 beyond the cash assets, of which Jersey this week for argument. The
complainants are Messrs.
amount over $2,000,000
might be raised by a sale of consolidated George S. Coe and George Opdyke, trustees of the first
mortgage
7 per cent bonds, reserved for such
The foreclosure is opposed by third
purposes under the condi¬ for $3,000,000.
mortgage
tions of the mortgage.
But, he pursues, instead of increasing bondholders, judgment creditors, Thomas D. Hoxsey,
the Hudson
our debt, “it has been deemed more
prudent and conservative to Connecting Railway, and others. Mr. Hoxsey makes claim that
meet our present wants for construction
by an issue of stock; the first and second mortgages are void on technical grounds.
and, by a vote of the board, each holder of stock on
The road has been run since March,
1875, by Messrs Hobart and
January 1,
1879, is hereby offered the privilege of
in the form McCulloch, as receivers, and is reported to be earning now
subscribing,
enclosed, for one share of stock for each ten shares then
about
standing and old$100,000 per year net, which is applied to improvements
in his name, paying for the same either
debts.
wholly in cash, or one
quarter at the time of subscription, and the balance in two
New York Central &
equal
Hudson.—Judge Donohue filed in
monthly subscriptions on February 1 and March 1, with interest
Supreme Court, Chambers, his opinion on the petition of this
upon all the payments at the rate of 8 per cent
per annum from
company to take for its terminal purposes the land between its
January 1,1879. The new stock will carry with it the dividends track and the North
River, from Sixty-fifth to Seventy-second
partly earned. Fractional or other rights can be assigned in a streets. The
application was opposed by the property-owners on
form which can be obtained at the
company’s office. The option the ground that the land was
unnecessary to the road, and on
to take' the stock will remain
open until January 15 at-noon. other grounds.
Any shares not taken then will be subject to the disposal of the under cover of itsJudge Donohue holds that the company cannot,
legal power, take land for other than its own
aboard.”
purposes, but the fact that it acquires a water-front cannot
Chicago & Lake Huron.—A dispatch from Detroit states: militate against its legitimate taking of property. He finally
Mr. Vanderbilt has secured control of the
decides that the company has clearly made out a
Eastern Division of
necessity for the
the Chicago & Lake Huron
Railroad, by purchasing bonds of land for the prosecution of its proper business, and directs that
on notice to all the
Albany bondholders, who controlled the road pending
parties commissioners to value the land be
litigation. appointed.
This not only secures an outlet for the
Chicago
& Northeastern
Railroad from Lansing to Flint, which Mr.
Newlork & Oswego Midland.—When this road first went
Vanderbilt controls,
but also defeats the scheme of the
into
Grand Trunk managers to
Chicago connection by obtaining the control of the Eastern
Division of the Chicago & Lake Huron Railroad.”
secure a
Coal Prices.—The Delaware Lackawanna &
Western Railroad
Company, December 17, sold at auction 100,000 tons of Scranton
coal.
The attendance was
large and the bidding spirited, but
the prices averaged about
70£ cents per ton lower than those
received in November.
The following table shows the
prices
received, as compared with those at the last sale—in
November :
Prices
Average Average
Tons.
Bteamtoat
Grate
received.
....
.
5,000
..20,000
20,000
.40,(00
$2 3?%@2 45
-2 55 @
price.
$2 42%
2 55
i 68
2 98
2 42%
in Nov’r.
$3 20
3 22%
3 23%
3 71%
3 07%
Decline.
*77%
'67%
the hands of
a
receiver there were, as usual in the
case
of
bankrupt railroads, a large number of claims against the com¬
pany, belonging to the general class of “ floating debt.” For
the payment of some of these
outstanding claims an order
of court directed the issue of those convenient
little tokens
(which appear to the poor and honest bondholder as a modern
device of the devil)—receiver’s certificates.
These certificates
were
apparently issued without much vigorous opposition,
but their validity was afterward contested and the
case went
on
appeal to the Supreme Court of the United States, where
it is set down for argument on the 7th of
January next.
The case involves the
very important question as to whether
receiver’s certificates can be issued for
floating debts incurred
appointment, or, in other words,
t
•73% whether floating debts can be
plainly and deliberately legitimized
’64%
by order of Court as having a lien superior to mortgage bonds
The Pennsylvania Coal
Company issued the following circular existing long before the
of prices for Pittston coal, delivered at
floating debts were incurred. This is a
Weehawken:
far bolder move against the
dignity and security of a mortgage
Steamer, per ton of 2,210 loe
lien than the proceedings in the case of the
Grate, per ton of 2,240 lbs
’ * ’*
*
St. Louis & Iron
a fin
Egg, per ton of 2,240 lbs
‘
**
* 7 *
Mountain,
the Ohio & Mississippi, and some other railroads. In
«n
Stove, per ton of 2,240 lbs
*“.!!![’ ‘ * 3 05 these instances the roads were simply throttled and held in con¬
Chestnut, per ton of 2,240 lbs
trol by the owners of
2 60
Small chestnut, per ton of 2,240 lbs
floating debt, and the revenues, as fast as
2 00
they came in, were turned into their pockets, while the bond¬
Georgia State Bonds.—A law was passed at the recent
holders were permitted to look on and see the
ses¬
performance, and
sion of the legislature
providing for the issue of. $500,000 4 per to read the reports of large earnings from month to month in the
cent bonds.
These bonds, to be known as the
Chronicle, but never to receive any of those earnings in
Garrard bonds
from the name of the author, will
be in denominations of
for their coupons. If the N. Y. & Oswego Midland
exchange
$5 to
$100. They are intended to give the masses of the
case is settled before it comes to
argument, there wiil be cause
people a
chance for a safe, local investment.
They will be issued in the to regret that so important a question has not been brought
month of January, to meet the so-called
Nutting bonds, which before the highest court of the land for final adjudication.
will fall due on
—At the
February 1. It is worthy of remark that these
meeting of assenting first mortgage bondholders,
“bonds wLl pay off a series of
eight per cents, thus saving just held December 17, resolutions were adopted approving the
one-half of the interest account.
scheme, and authorizing the modification of the
original
of February 25 and May 14, 1875, to accord with
Memphis City Debt.—Mr. R. T. Wilson, president of the agreements
it.
The committee or trustees named in the old
East Tennessee Virginia &
agree¬
Georgia and the Memphis & Charles¬ ments are
ton railroads, has addressed to the
empowered to organize a successor railroad com¬
Mayor and Aldermen and the pany
merchants and citizens of Memphis an
substantially upon the terms which have been heretofore
eloquent and forcible given, viz.: The issue of $200,000, in
letter upon the subject of
bonds, the proceeds to be
settling the city debt. ‘ Mr. Wilson is applied to the
payment of the cost and expenses of the litiga¬
prominent as a successful financier, and well known as a
southern tion, foreclosure, sale and the
organizing a successor company.
Egg
Stove
Chestnn
..
....
2 67%@2 70
2 95 @3 00
2 42%@
.
..
•55%
o
prior
to
the receiver’s
December
THE
21, 1878.]
CHRONICLE
The ifcsue of preferred stock, to be used in paying:, dollar for
dollar, the receiver’s debt, whether the same be evidenced by
certificates, notes or book accounts, and such other claims as the
committee or trustees, or their successors, under the agreement
of May 14, 1875, think it to be desirable to pay with such stock.
The issue of common stock sufficient in amount to pay the prin¬
cipal and all unpaid
dollar, and
coupons from the first mortgage bonds, dol¬
any other claims which the committee or
trustees think it desirable to pay in that way.
The trustees or committee are authorized to
agree to give the
securities to such of the holders of said receiver’s debt and
unpaid coupons maturing before July 1, 1873, as assent to this
lar for
653
reduction, an! the matter will be arbitrated. In the meantime, the
pool is on
this account practically
inoperative for the present. Until further action lake
and rail rates will be 2 cents less than all rail rates.”
Railroad Tariff Law in
Congress.—The bill of Mr. Reagan,
which lately passed the House of
Represenatives, “to regulate
inter-State commerce,” &c., contains important
provisions in regard
to railroads.
The main sections are as follows:
Section 1. That it shall be unlawful for
any person or persons, engaged
alone or associated with others in the
transportation of proper iy by railroad
from one or more of the States or Territories of the
United States, or to or
from any foreign country, directly or
indirectly, to charge to or receive from
person
any
or persons any greater or less rate or amount of
freight, compensaj
tion*or reward than is charged to or received from
any other person or persons
ior like and contemporaneous service in the
carrying, receiving, delivering,
storing or handling of the same; and all persons engaged as aforesaid shsfil
furnish without discrimination the same facilities for the
carriage, receiving,
delivery, storage and handling of all property of like character carried by
him or them, and shall perform with
equal expedition the same kind of
services connected with the contemporaneous transportation thereof as afore¬
said.
No break, stoppage or interruption, nor
any contract, agreement or
agreement and deposit their claims with such trustees before the
hearing of the appeal taken to the United States Supreme Court,
irrespective of what the determination of that Court and the
appeal may be.
After the adoption of the resolutions, the
meeting adjourned
till Saturday, December 21, when the differences between the understanding shall be made to prevent the
carriage of any property from
two classes of security-holders, in regard to the
treated as one continuous carriage, in the meaning of this act, from
details, it is being
of shipment to the place of destination, unless such stoppage, interrup¬
expected, will be finally settled. Out of a total issue of $8,000,- place
tion, contract, arrangement or understanding was made in good faith for some
000 first mortgage bonds, $5,053,000 bonds were
practical and necessary purpose, without any intent to avoid or interrupt
represented at such
continuous carriage, or to evade any of the provisions of this act.
the meeting.
Sec. 2. That it shall be unlawful for any person or persons
—At a conference meeting of the committees
in the
representing the transportation of property aforesaid, directly or indirectly, engaged
to aliow any
first mortgage bondholders and the holders of receivers’ certif¬ rebate, drawback or other
advantage in any form upon shipments made or
icates, December 19, a sub-committee of two from both classes services rendered as aforesaid by him or them.
Sec. 3. That it shall be unlawful for any person or persons
of security-holders was appointed to draft the details
engaged in the
necessary carriage, receiving, storage or handling of property, as mentioned in the first
to carry into effect the plan of
reorganization heretofore agreed section of this act, to enter into any combination, contract or agreement, by
changes of schedule, carriage in different cars, breaking car-loads into less
upon.
They are to report to a joint meeting of the members of than
car-loads, or by any other means, with intent to
both committees, to be called by them when they are
the carriage of
ready. such property from being continuous from the place ofprevent
shipment to the place
The sub-committee consists of Judge Williams and Corporation of destination,
whether carried on one or several railroads. And it shall be
Counsel William C. Whitney on the part of the holders of unlawful for any person or persons carrying property as aforesaid to enter Into
any contract, agreement or combination for the
receivers’ certificates, and Messrs. C. N. Jordan and N. A. Cow
pooling of freights, or to pool
the freights of different and competing railroads,
by dividing between them
drey on the part of the first mortgage bondholders.
the aggregate or net proceeds of the
earnings of such railroads or any portion
Northern
Pacific.—Bids for building 205 miles of the
road, from the Missouri to the Yellowstone, were opened, and
the directors took action on them.
There were forty-eight bids,
about one-half being for the first hundred miles west of the
Missouri. These ranged from about $4,000 to $5,000 a mile. The
directors resolved that only 100 miles of the Missouri division
should be built now.
A director said that cash would be paid
for the construction, the money to be raised on a first
mortgage
bond on the new hundred miles of road.
Pacific Mail and Pacific Railroads*—The contract which has
been made till January 1, 1880, is reported to be on the follow¬
ing basis: That the Pacific Mail is to be allowed $10 head money for
every trans-continental passenger carried by the Union and Cen¬
tral Pacific railroads, all persons to be considered
through
passengers who are carried through from any local point within
reasonably accessible distance of the ports of the steamship com¬
pany. It also provided that the steamships should carry only
heavy freight, and that each vessel should not fiil within 600
tons of its carrying capacity, the railroads to
pay the equivalent
of this freight.
The old agreement with respect to tue main¬
tenance of rates is
of them.
Sec. 4. That it shall be unlawful for any person or
persons engaged in the
transportation of property, as provided in the first section of this act, to
charge or receive any greater compensation per car-load of similar property
for carrying, receiving, storing,
forwarding or handling the same for a shorter
than for a longer distance in one continuous carriage.
As
a
penalty for the violation of
any
provision of the bill, the
person or corporation found guilty of such violation “shall for¬
feit and pay to the person or persons who
may sustain damage
thereby a sum equal to three times the amouut of the damages sq
sustained, to be recovered by the person or persons so damaged
by suit in any District or Circuit Court of the United States
where the person or persons
causing such damage can be found
or
may have an agent, office or place of business; and the
person or persons so offending shall for each offence forfeit and
pay a penalty of not less than $1,000, to be recovered by the
United States by action in any Circuit or District Court
aforesaid,
one-half of such penalty or penalties, when collected,
to be paid
to the informer;” and any director or officer of
any corporation
who shall permit or advise any violation of the
provisions of the
act “shall be guilty of a
misdemeanor, and upon conviction
thereof shall be fined not less than $1,000.”
unchanged.
St. Paul & Pacific.—A despatch from St. Paul, Dec. 18,
says
Paris & Danville.—Argument was had at Springfield, III,, on that the United States Circuit Court issued an order, on the
Wednesday, on a motion to vacate the sale of this railroad. applicat on of receiver Farwell, allowing the issue of $800,000
Judge Treat ordered the sale to be vacated and the purchase debentures to Montreal parties on account of the extension of lines
of this railroad, built this season.
The question of
money to be refunded.
issuing
$500,000
more for the further building of a branch line from
Peoria & Springfield.—In the matter of the disputed
Alexandria, northwest to the main lane, was suspended, pending
receiver’s certificates of this road, the Court has decided that the
further examination by the Court.
The matter of foreclosing
five certificates of $5,000 each issued by Receiver Haines to B. E.
the mortgage, on account of which Farwell was
appointed
Smith, and the new certificates issued to take these up, are
receiver, was postponed to the next March term.
invalid, having been issued without authority of the Court, and
in excess of the amount authorized.
Scioto Valley Railroad.—The annual report of thisroad, filed
Those held by Kidder &
Co., however, in view of the circumstances, while not properly in Ohio, for the year ending June 30, 1878, gives : Total paid-up
chargeable to the receivership, may possibly be allowed some¬ stock and bonded debt, $2,880,900, or about $30,000 per mile of
thing, should any balance remain on settlement of the receiver’s road constructed ($29,946). The total amount expended for
-
Others
accounts.
were
used
to
in the final
and the holders of
in with other bondholders
pay coupons,
these coupons may be allowed to
come
settlement, their rights being based
on
the coupons.
Pittsburg Cincinnati & St. Louis.—Earnings
follows for 11 months ending November 30,1878 :
Gross earnings
Expenses
Net
earnings
The interest
on
Surplus.
the bonds for these eleven months is.
were
equipment has been $195,432.
from
Columbus to
The length of main line of road
Portsmouth
is 96 26 100 miles,
running
through the counties of Franklin, Pickaway, Ross, Pike and
Scioto.
as
During the year Howe-truss bridges were constructed across
Creek, Indian Creek and Corwin’s Canal bridge, of an
$2,905,333 aggregate length of 675 feet, and 81 trestles were constructed, of
1,676,666 an aggregate length of 13,020 feet—over two and a half miles.
Paint
$1,028,666
613,974
$414,602
During November the gross earnings were $289,298, the
expenses $196,343, and, after paying interest, the surplus was
$37,139.
Number of passengers carrie 1,114,529 ; average amount received
from each 72 76 100 cents ; tons of freight moved, 98,328; aver¬
age amount received per tOD, $1 10 76 100 ; average amount per
ton per mile, 2 94 100 cents ; tons of coal moved,
4,257; agri¬
cultural products moved, 47,211 tons.
Receipts from passengers
$83,331
Receipts from freight
108,931
Receipts from mails
3,388
Railroad Pool.—At Chicago, Dec. 18, representatives of Kece ipts from express
1,838
529
thirty or forty railroads and their branches centering there held a Receipts from other sources
meeting. Executive committees of the Eastern and Western
Total
$ 198/018
roads were appointed one joint committee
representing both
Operating
expenses
(46
14-100
per
cent),
$91,377
;
net
earningB,
classes of roads. On the 19th, the railroad convention
adopted the $106,640; net income, $106,640.
report agreed upon by the joint committee. This report provides,
Texas & Pacific.—Senator Matthews interprets the vote upon
according to the press despatch—
his motion to take up the Texas & Pacific Railroad bill, in the U.
That the Chicago roads leading East shall pool their business on the same
“
plan as the roads out of Cincinnati, Indianapolis, Peoria and St. Louis; that
the arrangement shall go into effect
immediately; that the rates shall be
restored to the basis of the tariff of November 25—namely, 35 cents
per 100
lbs. on grain and 40 cents on fourth-class freight to New
York; that all rates
from all points be restored at once; that none of the roads here
represented
Bhall hereafter be parties to any contract or agreement or allow rebates
below
the agreed tariff, and that all
existing contracts shall be reported within a
week to the chairman of the joint committee. An
apportionment of freight
was made as follows: To
Chicago roads and Michigan Central. 32 per cent;
Lake Shore & Michigan Southern, 27; Pitttsburg & Fort
Wayne, 26; Balti¬
more & Ohio, 10 ; Pittsburg Cincinnati & St.
Louis, 7. These figures aggre¬
gate 2 per cent too much, but none of the roads seemed
willing to make the
8. Senate, December 16, as a defeat of the bill.
He said, in
making the motion, that it would be a convenient mode of testing
the sense of the Senate upon the merits of the Texas Pacific
scheme. The motion was lost by a vole of 26 against 32.
Virginia State Debt.—The House, December 18, adopted reso¬
lutions providing for a conference of the creditors of the State
with the finance committees of both houses, and declaring a basis
on which a settlement of the public
debt can be made, the con¬
ference to be held on the 15th of January next
-
654
THE
CHRONICLE.
|Vol. XXVII,
3£,\u Cmmuerctal Jaimes.
OOTTON.
Friday, P. M., December 20, 1878.
Crop,'as indicated by our telegrams
Friday NiGnT, December 20.
to-night, is given below. For the week
endinothis evening \Dec. 20), the total
Genera] trade lias been
receipts have reached 204,882
quite sluggish this wet k. The weather
bales,
against 220,291 bales last
is clear, though
pretty cold and wintry, but has had little effect in week, and 184.625 bales three week, 220,748 bales the previous
weeks since;
making the total
stimulating business. Gold sold at par on Tuesday; and there was receipts since the 1st of September, 1878,
2,376,155
bales, against
a sharp turn to the
money market which for the time checked 2,108,281 bales for the same period of 1877, showing an increase
since September 1,
1878, of 267,874 bales. The details of the
speculation in leading staples.
The coal eale on Wednesday
receipts for this week (as per telegraph) and for the
went off at an
important decline in prices, and “bog products” weeks of four previous
corresponding
years are as follows:
reached still lower
figures. The course of prices has generally
Receipts this w’k at
1878.
been downward, cotton alone
1877.
1876.
1875.
1874.
exhibiting buoyancy and maintain¬
New Orleans
ing an improvement.
71,535
73,392
36,164
59,619
49,062
Mobile
There was a slight
24,264
25,658
19,017
19,143
recovery in pork and lard early in the week, Charleston
21,417
20,484
but it was not
22,355
24,300
22,76S
sustained, and to-day prices relapsed to about the Port Royal, &c
22,015
392
1,455
561
455
lowest figures of the season. Old
158
pork was nearly nominal, and Savannah
25,694
31,242
27,245
28,780
26,125
new mesa sold at
Galveston
$8 0538 70 for March. Lard sold at $5 87^@
20,740
29,854
24,916
20,168
16,399
5 90 fer prime Western on the
&c
1,233
476
582
993
spot and for early deliveries, and Indianola,
299
Tennessee, &c
at $5 95 for
9,538
12,275
9,930
February and $6 02£ for March. Bacon has met with Florida
13,546
8,971
2,328
978
eome demand ; Western
1,000
443
838
long clear on the spot, 4£c.; Western North Carolina
3,862
7,822
6,385
6,322
5,581
long and short clear together, cn the spot and early
Norfolk
19,088
22,101
arrival, 4£c.,
20,487
23,236
13,256
and for March 4$c. Cutmeats are
5,724
3,986
again lower, and more active at West Point, &c
949
1,108
639
the redaction ; pickled rib
Total this week
bellies, medium and light weights, 5@
204,882
233,594 171,596 196,631
164,760
5^c.; pickled shoulders, 3£@3£c., and hams,
5£@6£c. These prices
Total since Sept. 1. 2,376,155
2,108,281 2,399,430 2,154,159 1,986,618
are believed to be
unprecedented in this century. Beef and beef
The exports for the week
hams are quiet. Butter has
ending this evening reach a total of
slightly declined under increased 118,489 bales, of which
54,172 were to Great Britain, 28,420 to
receipts. Cheese is more steady. There has been a
large move¬ France, and 35,897 to rest of the Continent, while the stocks as
ment in stearine at about
61c. for prime for January. Tallow is made up this evening are now 761,079 bales. Below are
the
stocks and exports for the week, and also
unsettled ; quoted at 0|c. for
for the
prime. The reports from the prin¬
corresponding
week of last season.
cipal pork-packing points of the West indicate a total of
3,114,000
Week
swine slaughtered from November
EXPORTED TO
1 to December,
Total
STOCK.
Same
against
ending
this
Great
Week
Conti¬
2,130,500 for the corresponding period last season, an increase of
Dec. 20. Britain. France. nent.
Week.
1877.
1878.
1877.
nearly 50 per cent. The exports of pork, bacon and
lard, from N. OiTns
16,589
14,993
12,985
44,567
53,781 279,782 278,829
principal Atlantic ports, from November 1 to December 14, were
Mobile..
4,383
4,333
10,593 62,348 50,481
161,356,000 lbs., against 99,450,000 lbs. for the
4,704
5,190
6.182
corresponding Ckarl’t’n
16,076
8,89S 85,857 84,565
period last season, an increase of about 62 per cent.
Sa van’ll.
3,641
11,751
15,392
21,374 76,963 102,839
5,811
2,105
Kentucky tobacco has remained quiet in the past week, and the Galv’t’n864
8,780
16,952 114,528 95,244
N.
York.
4,424
are
sales
1,749
1,104
only 600 hhds., of which 500 for export and 100 for
7,277
6,658 77,999 101,772
Norfolk10,273
home consumption. Prices are without
10,273
28,602 35,318
quotable change; lugs, Other*..
8,730
3,011
11,741
9,852
"35,000
68,000
2$(25c., and leaf, 51313c. There has been a
good demand for Tot. this
Spanish tobacco, and the sales are 800 bales Havana at
85c.(«)
week..
54,172 28,420 35,897 118,489
128,108 761,079 823,098
$i 10. Seed leaf moved rather more freely, but, on the
whole,
Tot.since
was quiet.
Sales for the week are 1,032 cases, as follows: 595
COM MERCIAL EPITOME.
The Movement
from the South
of
the
...
—
....
....
....
....
1877 crop,
Pennsylvania, 7^@20c.; 200 1877 crop, New Eng¬
land, 10@20c.; 48 1876 crop, N. E., 12@16c.; 153 1877
crop, State,
cases
private terms, and 36 1877
The market
crop,
Ohio, 9£c.
Sept. 1.
*
755,299 153,211 359,825 1268,335
Thg
994,961
exports this week: under the Dead of ‘otuer
parts’’ include, from Balti¬
more, a,336 bales to Llverpoo'; from
Boston, 2 864 bales to Liverpool; front
Philadelphia. 2,108 bales to Liverpool; from
Wilmington, 1,422 bales
pool ; 3,011 bales to the Continent.
In addition to above
exports, our
to
Liver¬
telegrams to-night also give
latterly become steady, us the following amounts of cotton on
shipboard, not cleared, at
though early in the week a slight decline was noted,
the ports named.
We add also similar figures
especially which
for New York,
on ordinary
are prepared for our
cargoes, which were quoted at
special use by Messrs. Carey, Yale &
10^c.; fair cargoes
Lambert, 60 Beaver street:
quoted at 14c. Stock here in first hands, 56,288
tags. Mild
grades have been quiet and without quotable
On Shipboard, not cleared—for
changes. Rice and
molasses have been
Dec. 20, at—
unusually quiet, but late values are retained.
Liver¬
Leaving
Other
Coast¬
Refined sugars have sold
France.
Stock.
Total.
moderately at steady figures ; standard
pool.
Foreign wise.
crushed quoted at 9£@9£c. Raw
grades have declined, and closed New Orleans
still lower; fair to gooa
34,000 37,500 27,500
600
99,000 180,000
refining Cuba quoted at 6£36£c.
Mobile
10,700
coffees has
Hhds.
Boxes.
10.355
Bags.
Melado.
328,m
' 2,010
Receipts since
8,123
55,925
572
Sales since
2.279
2>,1*8
Stock Dec. 18, 1878
11,199
355,390
2,582
Stock Dtc. 19, 1877
15,226
110,439
13
There has been a
sufficiently liberal movement in ocean freight
room, yet the low rates received have continued to be
a source of
much annoyance; at the close, the
irregularity and weakness are
quite discouraging. Late engagements and charters include:
Grain to Liverpool, by
steam, 5^@5^d. per bush.; cotton,
^d.;
8tock Dec. 1, 1878
4f\572
15,827
25,147
30,252
34,389
....
bacon, 25s ; cheese, 35s.; flour, 2s. 6d ;
grain, by sail, 5d. per 60
lbs.; flour, 2sr; grain to London, by steam, 6£d.;
flour, 2s.@2s. l£d.;
grain to Bristol, by steam, 7(a)7£d.; do. to Hull,
by steam, 7ld.;
grain to Glasgow, by steam, 6£d.; flour, 3«.;
grain to Aberdeen,
5s. l^d. per qr.; do. to St.
Nazaire, 5s. 3d.; do. to Dundee, 5s.;
do. to Havre or
Antwerp, 5s. l^d.; refined petroleum to
Antwerp
or Bremen, 8s.
4|d.@3s. 6d.; do. to Naples, 4s. 3d.; residuum
to
Liverpool, 3s. 9d.; crude petroleum to Bordeaux, 3s.
10£d.;
grain
to Copenhagen, 5s. 9d.
The business in naval stores has
continued to be of a
very
restricted character, yet no further
changes in prices have taken
.
place.
Common
to
good strained
rosin quoted at $1
35@1 40 ;
the finer grades are in few bauds
and firmly quoted.
Spirits
turpentine is quoted at 28c. Pe roleum has cold
only in a mode¬
rate and unimportant
way, to fill the immediate orders of ex¬
porters ; refined, in barrels, quoted at 8Jc.
Ingot copper lias
remained steady but
quiet, at 16c. Wool, though quiet at the
moment, is
generally steady, owing to well-controlled stocks.
Steel rails have
latterly shown less activity, and values are not
as firm as heretofore
; sales within a day or two of
6,000 tons at
$42@$42 25@$43, delivery at tide-water. Clover seed
has been
in demand at
7(a;7£c. for prime, but other seeds are
quiet
and
nominal. Whiskey dull at
10.
i
Savannah
12,000
26,303
1,612
Galveston
New York
Total
*
84,615
Included in tins
5,500
3,200
None.
None.
9,400
14,000
7,596
1,130
None.
25,600
30,700
46,674
*5,242
52,573
59,626
8,502
207,816
6.373
1,500
6,402
.
36,748
46,263
67,854
72,757
403,622
amount
there are 2,500 bales at Presses for
ports, the destination of which we cannot learn.
foreign
From the foregoing statement it will
be seen that, compared
with the
corresponding week of last season, there is a decrease
in the exports this week of
9,619 bales, while the stocks
to-night
are 62,019 bales less than
they were at this time a year ago. The
following is our usual table showing the movement of cotton at
all the ports from
Sept. 1 to Dec. 13, the latest mail dates:
RECEIPTS SINCE
SEPT. 1.
Ports.
1878.
EXPORTED SINCE SEPT. 1 TO—
Great
1877.
i
for Brazil
France.
Britain.
Other
Foreign
Stock.
Total.
•
N.Orlns
410,299
509,685
Mobile.
157,439
334,871
173,519
10,134
263,306
88,722
119,143
78,921
Char’n*
Sav’li..
Galv.*.
440,369
Florida
328,196
53,490
24,912
N. Car.
84,886
Norf’k*
280,054
56,757
N. York
Other..
326,008
231,055
26,850
3,527
83,406
230,510
28,761
This yr. 2171,273
Lastyr.
*
......
....
1876,687
Unaer the bead of CkarleHton
96,268
42,439
226,900 245,496
25,661 67,655
15,153 102,333
182,038 81,806
236,629 73,268
131,450 105,690
143,263 73,279
5,043
125,693
6,300
28,486
76,907
70,553
88,193
6,917
27,511
6,934
25,018
2,050
14,428
10,636
......
-
8,748
22,094
54,957
6,300
44,964
76,907
30,415
79,301
21,000
13,423
701,127’124,791 323,928
1149,846 699,334
556,898-151.994 157,961
866,853 743.772
included Fort rtoyal, &c.: under the bead oi
Qalvesion is included Indlanola, &c.; under
the head of Norfolk is included Cit
Point, &c.
is
These mail returns do net
correspond precisely with the tota.
December
THE
21, 1878.]
CHRONICLE.
655
0
0
5
.
1
0000198.246.18
of the
telegraphic figures, because in preparing them it is always
necessary to incorporate every correction made at the
Cotton on the spot has met with a fair
ports.
For February.
Bales.
eta.
200
9 05
Bales.
Cts
9*29
9-80
9-31
9*32
200
1,800
2i500
4,600.
2,400
Ba’ea
0000009148.1.23.2
200
9 00
general demand, and
2,000.
9 07
being held with more firmness prices have advanced,
9 08
being 1,900
marked up l-16c. on Saturday and on
200
9-09
Monday, and again yester
2,300
9-10
day, to 9c. for middling uplands. To-day, spots were quiet, but
1,400
9-11
quotations were extensively revised ; strict good ordinary l-16c.
7,700
9 12
7.700
9-13
lower, but high grades, being scarce, were
9,300
9-14
advanced—good mid¬
9-15
dling, l-16c.; strict good middling, £c.; middling fair, ic.; and 5,500
1,200
9 10
fair, 5-16c.; middling uplands remaining
0>O
9 17
unchanged at 9c. The
speculation in futures was very active in the first half of the
3,000
9-18
7,500
9-19
week, and prices fluctuated widely, but generally on the ascend¬ 7,200
9 20
9-21
ing scale, the market at times becoming very excited, the sales 3,100
6.900
9-22
reported on Monday reaching the unprecedented
7,500
9-23
aggregate of 13,700
9-24
182,400 bales, and prices fluctuated about twenty points for the
13,400
9 25
more active months.
The highest prices
14.500
9-20
early in the week were 6,800
soon after the
9-27
opening on Monday, and were as follows : January,
4,ft00
9-28
9 32c.; February, 9*4oc,;
March, 9'56c.; April, 9'65c.; May, 9*73c.; 5,000
9-29
and June, 9'86c.
13,000
9-30
The lowest were on the next day,
Tuesday, as 6,300
9 31
follows : January, 8*96c.;
9-32
February, 9'10c.; March, 9 22c.; April,
15,800
9 33
9'35c.; May, 9 47c; and June, 9 59c.; showing a decline in
9 34
twenty- 7,200
four
hours
of
from
9-35
thirty to thirty-six hundredths—
a
9 30
large per centage of the total value.
There was a
800
9*37
further advance of 3(®6
9*38
points yesterday, the later months 3,000
9-39
improving most, May and June going fully up to the highest
600
9-40
000
figures of the previous Monday; but the close was weak. To¬
9 41
9-42
day, there was a general advance in futures, most decided for 2,000
9-43
the later deliveries, which were carried to the
800
9-44
highest
figures
of
700
9-45
the week.
The excitement was caused
mainly by the smaller
203,800
receipts leading to lower crop estimates on ’Change, and the
accept¬
ance of 5,000,000 to
5,100,000 bales as the more probable figures.
Some operators who had been
For March.
putting out contracts under ex¬
300
9-17
treme crop estimates became
frightened, and therefore became 1,000
918
...
0 4.1
active
buyers to
1.500
their contracts; and this gave a great im¬
pulse to the rise in values, and sales to realize profits caused the
3,400
better
at the
1,000
cover
decline.
The improvement
yesterday was due to the
closing of the Liverpool market, and the smaller receipts
ports and at the interior towns.
The total sales for forward"
delivery for the week
are
—
total sales foot up
Dec. 14 to
Dec. 20.
Ordin’y.$E>
7*16
Str. G’d Mid
7%
8*8
8*2
8*8
8*2
85b
8**16
8***6
8
8 3s
89ig
8916
81*16
83*
83*
87s
81516
81516
9316
9*4
9*2
9916
81316
9916
7*b
71b
79l6
She
7916
S*ig
7'!ig
§46
8°s
83b
85s
£*e
834
Middling...
81516
83s
§9ig
Good Mid..
Str. G’d Mid
9
914
9516
9*16
Midd’g Fair 10*8
10>8
STAINED.
9**16
714
714
758
818
8*2
7**16
83i6
7**16
8316
8*2
8**16
83i
8*2
834
87b
81516
8:5ig
§!>
878
91b
9*2
97B
9*16
91b
93b
9716
97ig
911i6
9%
7*e
75b
8*8
8*2
Sat.
Mon
-
.
Iligli’r, dem. mod
300
Light bus.,high’r
31
714
714
7**16
83*6
8*3
8^
8*516
8«16
100
1,606
2,675
.
q.
9*8
9*2
Th.
7*4
7%
8*4
85s
Fri.
7*4
734
8*4
85b
SALES.
Spec- Tran¬
410
311
790
482
291
391
Fri.
21"
8316
§^*e
8%
73i6
73m
7**16 7**ig
8310
§3*6 8316
8916
8916
89ig
port. sump. ul’t’n
Tues. Easy
50
Wed Quiet, steady.... 1,022
Dull, nominal...
100
Quiet,firm,rev.
Con-
Th.
7°b
SALKS OF SPOT AND TRANSIT.
Ex¬
11
7®ig
Mon Toes Wed
MARKET AND
SPOT MARKET
CLOSED.
10*4
11
9**16 934
978
10516 109i6 1014 I 10»io 10916
11
11*18 113b
11*16 1138
11
Middling
93b
9**16
Wed
9%
8*2
10316 10*4
sit.
FUTURES.
Total.
610
Sales.
1,320 108,700
345 182,100
....
840 108.000
iso
1,634
740
....
For forward
Deliv¬
eries.
200
600
400
70,600
122,800
80,000
900
400
400
5,021 672,200
2,900
391
491
delivery, the sales have readied during the week
672,200 bales (all middling or on the basis of
middling), and the
following is a statement of the sales and prices:
Bales
ON.
For December.
Bales.
109
&00s.nJ9tb 8 95
100 8.n.21st 8*05
Cts.
8 81
8. n.
000
89 >
300
8-97
200
8'93
100 s.a.lTth 8-99
3 '0
899
*
300
900
9-00
1/00 s n
300 s.ii.Pth 9 00
300 d.n.’Sth 9 00
9-00
1,200
9 01
2,100
400
90a
100 s.n.ihst 9 01
100
904
100
9-05
100 d.n.24Lh 910
lOOs.n/O.h 8-81
•100
8-82
400
8-83
200
8-84
100
88>
100
8-87
100 a.n. «0th 8 88
100
8-88
400
8-89
100s.u.l7d» 8 00
100 8.11.I ;tU 81)0
500
8-90
100 s.n
8-9'
lt50O.
8 93
lOOs.n.lTth 8 94
100 S.n.lbth 8 94
800
894
....
12,700
1
(IWb).
For
Bales.
January.
•'.to.
400
....
1,800
....
2.300
...
8-91
8-95
890
2,500
2,000
1,900
0,300
4,000
...
2.100
7,590
13,100
8,000.
15,400
5,000
4,500.
8,700
2,300
5.6^0
1.10)
2,200
3,200
1,600.‘
9,000
5,400
5,700
7,000
7,000
Rales.
...
...
..
.
....
...
...
903
9-00
907
9-10
9*<1
9-12
3,200
500
300
200
400
400
000
400
1,500
150/70*
...
2.”00
1,500
9-28
The
Cts
9-13
9*14
9-15
9-16
917
9-18
9-19
9 20
9 21
922
9*23
9 24
9 25
9’26
9-27
9-29
9-30
931
9-32
9-33
9-39
9-40
9-41
9-42
9 43
9-44
9 45
9-40
4.000
4,800
o;800
3,800
3,300
5,200
0,300
14,000
9-47
9-48
3,800
9-49
3,000
9 50
1,700
9 51
1,400
9*52
300.......... 0-53
500
9 54
1,000
9-55
100
9 50
500
800
800..
9-03
0-04
9-05
3,100
100
200
9*69
For April.
000
100
9-28
9-30
9*35
9-30
9 37
9-38
9 39
9 40
9 42
600
700
4,100
2,200
3,000
1/800
2,700
100
.
2,000
.
9,600
71500
i
2,200
1,900
9-57 |
9’42
3.000
9-47
1,000
9-80
100
300
100
200
9-88
9-90
9 94
100
995
9 48
9-40
9 50
9*51
9-52
900
200
400
8 800
9-58
9-59
9-00
'
|
9-81
982
9-83
9-84
9*85
,
9-9l
0-53
9-54
«-55
9-58
9 59
9-00
901
9-63
9 63
0-04
9-65
9-00
9-67
9-08
9-09
9-70
9 71
9-72
9-73
9-74
0-75
9-77 I
9 78
9-80 <
9-81
9-82
2,400
3,600
2.800
900
000
2,900...
1,100
...
100
500
1,200
..
900
200
400
700
300
500
300
500
500.
700
800
|
9-75
9-70
9-80
9-44
1,000
100
900
,
...
200
100
200
500
100
2,390
1,200
0,100
«
9*72
9-73
0-7d
1,400
9-40
29,500
For
300
200
100
100
800
200.
300
300
100
300
400
100
000
9-65
1,300
9-58
9-09
9-70
9-71
9-72
9-73
9*74
9*78
9-79
...
9-81
9*62
9-83
9-84
9*85
1,000
500
700
300
0-86
400
9-90
100
9-91
100.
700
100
1,100
9-93
9 03
9 94
9*95
300
9-90
8,4-Jb
For
100
200
500.
300
9-51
9 59
0-00
9-61
9-63
9 03
9-04
July.
..
9-45
9-40
9-47
9-48 1
0-49 I 45,400
9-50
...; 951 1
For June.
9 52 1
500
0-50
0.500
3.900
4,000
0*71
000
1.300
200
For May.
9-43
000
4,000
9-00
100
9 29
1,100.
Ct*.
9-09
400
1,700
1,500
2,100
2,000
2,900
141,000
9-53
9 54 1
9 55 I
9-56
1
9-02
2.500
1,600
5,300
2.900
1.900
5,700
1
Bales.
2,900
77,800
August.
9’77
....
9'83
9*$5
9*87
9*92
9-08
100
800
200
100
9 09
10-02
2,300
following exchanges have been made during the week:
•13 p’L to exch. 800 F b. for Mar.
•12 pd. to excli. 100 Feb. for Mar.
•13 pi to excli. 200 F eb. for
Mar.
•15
•14
pd. to exch. 200 Feb. for Ma*\
pd. to exch. 100 r eb. for Mar.
The following will show the
closing prices bid and asked for
future delivery and the tone of the
market, at 3 o’clock P. M.,
on each
day in the past week.
MIDDLING UPLANDS—AMERICAN
CLASSIFICATION.
Market— Buoyant. Excited. Depress’d
93b
Fri.
8?ig
0.400
I
9 34
9-35
9 30
937
Sat’day. Monday T’sday.
8*e
95b
81b
3C0
800
Z&»
7°b
90*6
Th.
1014
$ a.
9_
10*016
Sat.
Good Ordinary
Strict Good Ordinary....:
Low Middling
9*16
8*316
11
9»8
1031G 107ig
101&16 1114
9*16
10*4
11
91ig
93b
934
95s
87b
§“*«
87b
9*16
103.16 10*4
81316 .813i6
81*16
93b
Wed
8
85s
9**16
Fri.
7*s
87ig
75b
8*8
8*2
93b
Th.
Good Ord..
Str. G’d Ord
Low Midd’g
Str. L’wMid
73t6
8?16
8*ig
9**16
Wed
Strict Ord.
75b
9516
101^16
Ordin’y.^Ib
7*8
95b
101b
107b
Mon. Ties
73i6
87b
9*16
I0i316 107s
Fair
87B
9
914
Midd’g Fail* 10*16 10*b
Fair
79ig
8*16
8716
7*2
8
8V"
..
73 ! 6
7*2
TEXAS.
Mon Tues Sat.
7*b
7^16
83b
Sat.
7*16
7716
8°16
Middling.
NEW ORLEANS.
Mon Toes
7
Strict Ord..
Good Ord..
Str. G’d Ord
Low Midd’fr
Str. L’wMid
Good Mid
UPLANDS.
Sat.
I
*
200
5,000
672,200
free on board. For immediate delivery the
this week 5,021 bales, including 1,606 for export,
2,675 for consumption, 740 for speculation and
in transit.
Of
the above, 395 bales were to arrive.
The following tables show
the official quotations and sales for each
day of the past week:
bales, including
9-19
9-20
9-21
9-22
9 23
9-24
9 25
y-26
9-27
CN.
9-01
9,33
1,500
7400
8,200
2,700
12,100
8,000
I
3,000
Bid.
Decemb’r
Ask
8'98999
January.. 9'11912
February 9*23924
Bid.
Axk.
8*993)
—
9-083)09
9*35936
9*213)22
9*333)
April.... 9-463)47
9*57958
May
9-453)46
March.
..
June
9*68969
9-763)78
July
August... 9*803)83
Tr. orders
9-00
Closed— Steady.
Gold
Exch’nge
100*3
4-81*2
Bid.
—
9*583)
9-683)69
9*78979
9'823)85
—
100*8
4-81*2
Friday.
Firmer.
Variable.
Buoyant.
Bid.
Bid.
Bid.
are
Ask.
9003)02
9-003)02
9-143)15
9-263)27
9-393)40
9-523)53
9"633)
9-713)72
9-763-78
8-95
9153>16
9-293)30
9-433)44
9*573)
9-703)
9*80981
9-893)90
9*953)98
9* 14® 15
9-303)31
Quiet.
Firm.
100
—
905
Cotton,
this week’s
—
9-05
Weak.
100
as
9-20
Buoyant.
100
4-81*2
Ask.
9153)17
9-27928
9*463)47
9-61962
9-743)75
9-889 —
9-999
10-08910
9-453)46
9*58 959
9-703)72
9*82983
9-913)92
9-96999 10T5918
—
100
4-81*2
made up
telegraph, is as follows. The Continental
of last Saturday, but the totals for Gieat
for the Continent
A vfc.
9-023)03
4-81*2
of
Thurs.
8-9.13)93
—
9-00
Weak.
The Visible Supply
Ask.
Wed.
stocks
4-81*3
by cable and
the figures
are
Britain and the afloat
returns,
and consequently
to make the totals
the complete figures for
to-night (Dec. 20), we add the item of
exports from the United States, including in it the exports
of
brought down to Thursday evening; hence,
Friday only:
1878.
1877.
333,000
53,000
338,000
16,250
386.000
3,250
354,250
112,250
3,750
34,250
6,500
30,750
21,000
8,000
3,250
5,500
5,750
11,750
9,250
10,000
ports....
136,250
225,500
308,250
326,500
Total European stocks..
India cotton afloat for Europe.
Amer’ii cotton afloat, for Eur’pe
522,250
59,000
579,750
933,250
Stock in United States ports
Stock in U. S. interior ports..
United States exports to-day..
761,079
847,500
108,000
627,000
65,000
Stock at Liverpool
Stock at London
.
Total Great Britain stock
Stock at Havre
Stock at Marseilles.
Stock at Barcelona
Stock at Hamburg
Stock at Bremen
Stock at Amsterdam
Stock at Rotterdam
.
Stock at Antwerp
Stock at other conti’ntal ports.
Total continental
..
Egypt,Brazil,&c.,attt for E’r’pe
..
.
*
77,750
1,500
8,000
2,500
5,750
25,250
6,750
658.000
13,000
175,107
17,000
38,000
491,000
46,000
823,098
132,463
24,000
1876.
493.000
554.000
46,250
52,750
539,250
606,750
162,250
2.250
47,000
14,000
29,250
50,000
9,250
5,500
1875.
140,000
3,000
37,000
10,000
38,750
48,500
951,737
150,796
20,000
1
7,000
116,000
607,000
81,000
752,925
122,151
25,000
Total visible supply.bales. 2,205,430 2,134,311
2,770,033 2,637,320
Of the above, the totals of American and other
descriptions are aa
follows:
American—
Liverpool stock
Continental stocks
American afloat to Europe
United States stock
United States interior stocks..
United States exports to-day..
Total
202,000
96,000
658,000
761,079
175,107
17,000
174,000
170,000
491,000
823,098
132,463
24,000
230,000
192,000
627,000
951,737
150,796
20,000
230,000
126,000
607,000
752,925
122,151
25,000
American......bales.l,909,186 1,814,561 2,171,533 1,863,07*
East Indian, Brazil, rff.—Liverpool stock
London stock
Continental stocks
India afloat for Europe
1878.
1877.
1876.
131,000
164,000
16,250
55,500
1875.
263,000
324,000
38,000
46,000
108,000
65,000
53,000
40,250
59,000
Egypt, Brazil, &c., afloat
13,000
Total East India, &c
Total American
.
46,250
116,250
38, highest 65, and lowest 23.
The rainfall has reached
ninetyinch.
Brenham, Texas.—We have had delightful showers
the past week on two
days, and the indications are thatduring
they
extended over a wide surface.
We have had
killing
with
frosts,
ice, on two nights. Average thermometer 63,
highest 68, and
lowest 31.
The rainfall has reached one inch and
three hundredths of
52,750
200,500
116,000
81,000
296,250
319,750
598,500
774,250
1,909,186 1,814,561 2,171,533 1,863,076
an
twenty hun¬
Total visible supply
Price Mid. Upl., Liverpool
2,205,436 2,134,311 2,770,033 2,637,326 dredths.
5ii6d.
New Orleans, Louisiana.—It has rained on two
0716d.
615i(?d.
These figures indicate an increase in the cotton in69i6d.
days the
sight
past
week, the rainfall reaching one inch and fifty hundredths.
to-night
of 71,125 bales as
compared with the same date of 1877, a The thermometer has
averaged 49.
decrease of 564,597 bales as
compared with the corresponding date ' Shreveport, Louisiana.—The earlier
of 1876, and a decrease of
part of the week was
431,890 bales as compared with 1875.
clear, but the latter portion has been cloudy with rain. Cotton
At the Interior Ports the
movement—that is the receipts is coming in
freely. Average thermometer 49, highest 70 and
and shipments for the
week, and stocks to-night, and for the lowrest 28. The rainfall
is one inch and
fifty-nine hundredths.
corresponding week of 1877—is set out in detail in the following
Vicksburg,
Mississippi.—The
thermometer has averaged 50
statement:
during the past week, the extreme range having been 29 and 72.
It has rained on two days, the rainfall
Week ending Dec. 20, ’78. Week
reaching three inches and
ending Dec. 21, ’77.
j
Receipts Shipm’ts
Augusta, Ga
Columbus, Ga....
Macon, Ga
Montgomery, Ala
fjelma, Ala..'
Memphis, Tenn*.
Nashville, Tenn..
7,891
22,943
4,009
14,460
15,761
7,308
92,343
8,899
27,917
3,452
16,671
44,015 175,107
64,876
40,066 132,463
2,578
6,043
5,934
5.428
22,441
2,201
Total, old ports.
57,665
Dallas, Texas....
Jefferson, Tex.
Shreveport, La..
Vicksburg, Miss
1,200
1,251
1,498
3,877
8,231
3,255
1,951
3,084
1,612
1,906
2,005
2,599
3,053
same
more
1,594
1,500
3,849
8,284
-2,609
1,875
57,123
4,811
68,923
52,839
94,096
110,254
88,426 280,957
133,799
1,316
1,344
9,818
7,604
683
45,868
that
the
old
941
568
5,850
4,095
6,254
2,786
92,905 226,559
interior
than at the
stocks
have
to-night 42,644
The receipts at the
are
same period last
year.
towns have been 7,211 bales less than the
same
year.
week last
from the
Plantations.—Referring to our remarks
In a previous issue for an
explanation of this table, we now bring
the figures down one week later,
RECEIPT8
,
Week
Receipts at the Ports.
end’g-
1876.
Sept 6.
44
13.
“
20.
“
27.
Oct. 4.
44
1877.
19,733
41,457
5,885
12,109
62,998 22,345
95,845 43,128
122,199 70,040
11.
136,074 109,264
“
is.
14
25.
152,820
174,617
201,904
211,810
205,GCo
Nov.l.
44
44
8.
15.
“
22.
44
29
Dec. 6.
44
44
135,054
157,699
177,336
198,776
191,571
211,623 200,980
204,679 172210
13.
187,733 174,365
196,436 2(2,805
20.
171,596 231,594
PROM
closing to-night:
PLANTATIONS.
Stock at Inter’r Ports
Rec’pts from Plant’ns.
1878.
1876.
1877.
26,750
20,760
23,431
9,979
18,866
5,885
26,750
16,272 18,971
41,457
11.932
47,431
15,104 26,377
20,510 37,872
29,720 47,208
41,891 59,823
58,745 79,597
62,998
95,845
122,199
136,074
152,820
174,6:7
201,904
47,431
74,355
98,863
130,990
23,904
38,637
57,048
72,277
84,871
103,774
123,652
118,111
157,361
180,519
16,449
118,158
160.233
162,236
80,374
157,280
105,814
132,674
126,620
176,C04
132,403
181,376
136,941
184,625 197,131 157,032
2:0,748 213,722 169,073
220,291 224,126 185,665
£04,882 245,615 226,559
1878.
97,i87
115,034
149,496
174,583
188,491
205,912
236,280
259.129;
280,957*
1876.
211,810
205,606
211,823
2C4.879
187,733
196,43^
171,596
1877.
1878.
21,177 74,355
43,128 98,663
70,040 130,990
109,261 148,158
135,054 160,233
157,009 162,236
177,336 157,280
198,776 182,874
194,571 176,001
200,9:0 181,376
172,216 181,625
174,365 220,748
202,805 220,291
231,594 204,882
This statement shows us that the
receipts at the ports the past
week were 204 882 bales, received
entirely from plantations.
Last year the receipts from the
plantations for the same week
were 231,594 bales, and for 1876
they were 171 596 bales.
Weather Reports
Telegraph.—The past week has been
quite cold at many points, ice forming at Galveston and else¬
exposed places, the thermometer
averaged 54 during the week, with an extreme range of 32having
to 75.
Corsicana, Texas.—Rain has fallen on two days, good
showers,
and we have had
killing frosts, with ice, on two nights. The
rainfall is eiglity-two hundredths of an
inch.
Average ther¬
mometer 38, highest
65, and lowest 23.
Dallas, Texas.—There has been rain at this point on two
days,
delightful showers, apparently extending over a wide
surface,
and
benefitting wheat. There have been killing frosts on two
nights, and ice formed in this vicinity on two nights
during the
week. Picking is finished
everywhere. Average thermometer
averaged 31, the
The rainfall for the week
having been 16 and 57.
an
inch.
Nashville, Tennessee.—It has rained on two days of the
past
week, the rainfall reaching thirty-two hundredths of an inch.
The thermometer has ranged from 28 to
42, averaging 35.
Mobile, Alabama.—It has been showery one day and lias rained
constantly two days, but the balance of the week has been
pleasant. The thermometer has averaged 47, the highest point
touched having been 68 and the lowest 32.
The rainfall for the
week is one inch and thirty-five hundredths.
Montgomery, Alabama.—The earlier part of ttye week the
weather was clear and pleasant, but it has rained on
two days
the latter portion, the rainfall
reaching one inch and three hun¬
dredths.
We have had killing frosts on four
nights. The ther¬
mometer has ranged from 28 to
68, averaging 44.
Selma, Alabama.—Rain has fallen on three
days during the
week.
Planters are sending their cotton to market
freely.
Madison, Floiida.—Rain has fallen on three days of the past
week, the rainfall reaching fifty-two hundredths of an inch. The
thermometer has averaged 50, the
highest being 62 and the
lowest 38.
We had killing frosts on
Wednesday and Thursday
nights, and ice formed Thursday night.
Macon, Geoi'gia.—Telegram not received.'
Columbus, Georgia.—We have had rain on one day of the week,
the rainfall reaching forty-two hundredths of an
inch. The
thermometer has averaged 43.
Sa/vannah, Georgia.—Rain has fallen on two days, the rainfall
reaching eight hundredths of an inch, but the rest of the week
has been pleasant.
The thermometer has averaged 51, with an
extreme range of 33 and 70.
Augusta, Georgia.—During the earlier part of the past week
the weather was clear and pleasant, but we had a
light rain on
one day the latter portion, the rainfall
reaching
hundredths
five
of an inch.
Planters are sending their cotton to market
freely,
about all the crop of this section
having now been secured. The
thermometer has ranged from 28 to 61
during the week, averag¬
ing 46.
Charleston, South Carolina.—It has been showery one day the
past week, the rainfall 'reaching eleven hundredths of an inch.
Ice formed during the week in this
vicinity. Average thermom¬
eter 50 ; highest 66, and lowest 35.
The following statement we have also received
by telegraph
showing the height of the rivers at the points named at 3 o’clock
Dec. T9, 1878.
We give last year’s figures (Dec. 20,
1877) for
■
jomparison:
Dec, 10, ’78.
Feet. Inch.
by
where ; more or less rain has also fallen in
most sections.
rI he
crop now is about all gathered.
Galveston, Texas.—It lias rained hard on three days of the
past week, and we have had a killing frost on one
night. Ice
formed on one night in this
vicinity.
About all the crop has now
been secured
throughout the State. The earlier part of the week
the weather was clear and
pleasant, but the latter part has been
rainy, making roads bad. The thermometer has
averaged 56,
the highest being 68 and the lowest 32.
The rainfall for the
week is three inches and
seventy-three hundredths.
Indianola, Texas.—We have had fine showers on two days,
ap¬
parently covering a wide area, the rainfall reaching one inch
and fifty-five hundredths.
There has been a
killing frost with
ice on one night, in
extreme range
is thirteen hundredths of
44,411 105,850
4,886
1,885
during the week 13,650 bales, and
Receipts
16,189
9,864
52,589
1,455
5,262
3,085
10,989
5,043
7,790
4.334
2,843
9,738
7,075
last year.
Little Rock, Arkansas.—There have been but two clear
days
the past week, rain having fallen on
Friday
last,
and it is raining
and freezing now.
The thermometer has
-
5.335
8,852
1,156
The above totals show
bales
2,481
2,123
1.900
9,006
9,586
4.900
2,000
♦Estimated.
increased
4,445
5,165
6.992
3,640
752
14,735
6,985
Total, all
3,654
19,995
13,354
11,127
10,402
9,478
Griffin, Ga
Atlanta, Ga
Rome, Ga
Charlotte, N. C...
Total, new p’rts
6,396
6,459
2,840
4,030
Eufaula, Ala
Cincinnati, 0
10,974
4,579
15,776
8,716
.
Columbus. Miss..
St. Louis, Mo
14,305
4,029
1,800
13,727
5,338
6,515
5,250
1,976
13,002
5,881
2,426
29,248
4,904
..
twenty-five hundredths.
Columbus, Mississippi.—The rainfall has reached sixteen hun¬
dredths of an inch during the
past week. The total receipts of
cotton this season have been
14,728 bales, against 16,277 bales
Receipts Shipm’ts Stock.
5,379
2,826
1,731
4,968
28,037
2,214
Stock.
.
.Below
.Above
.Above
.Above
Above
high-water mark
low-water
low-water
low-water
low-water
mark.
mark.
mark.
mark.
0
14
..
..
..
..
..
20
1
8
11
5
27
7
6
New Orleans
Dec. 20, ’77.
Feet. Inch
9
11
3
22
20
6
8
9
0
5
reported below high-water mark of 1871 until
Sept. 9, 1874, when the zero of gauge was changed to high-water
nark of April 15 and 16, 1874, which is 6-10ths of a foot
above
871
or
Hi feet above low-water mark at that
noint.
Comparative Port Receipts
Daily Crop Movement.—
and
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.
We have consequently added to our other
standing
tables a daily and monthly statement, that the reader
may con¬
stantly have before him the data for seeing the exact relative
movement for the years named*
First we give the receipts at
each port each day of the week ending to-night.
PORT RECEIPTS FROM
New
D’ys
of
Or¬
we’k leans.
Sat..
'
6,263
Mon 27,435
Tues 7,805
Wed 11,361
Thur 8,373
Fri..
10,298
Mo¬
bile.
SATURDAY, DEC. 14, ’78, TO FRIDAY, DEC. 20, ’78.
Char¬ Savan¬ Galleston. nah. vest’n.
3,664 3,552
4,050 3,683
3,211 2,583
6,020 3,679
2,879 3,058
4,440 3,929
4,520
4,696
4,157
4,665
3,866
Nor¬
folk.
3;678
3,200
4,170
5,461
4,546
3,797
2,159
3,790 .1,099
'
2,990
3,927
2,835
1,966
Tot.. 71,535 24,264 20,484 25,694 20,740 19J088
Wil¬
All
ming¬ others.
ton.
324
1,722
589 .2,384
258 7,758
298
1,432
572
2,188
439
5,113
Total
<
df
26,923
52,468
33,308
35,179
25,930
31,074
2,480 20,597 204,882
December
21, 1878.]
THE CHRONICLE
The movement each month since
Year
Monthly
Receipts.
1878.
Sept. 1 has been
1877.
Novemb’r
288,848
689,264
779,235
Tot. year.
!1,757,347
October..
Perc’tage of tot. port
receipts Nov. 30
ing directly in
1876.
1875.
98,491
578,533
822,493
236,868
675,260
901,392
169,077
610,316
740,116
1874.
1873.
134,376
536,968
676,295
115,255
355,323
576,103
1,499,517 1,813,520 1,519,509 1,347,639 1,046,681
34*50
..
44-91
36-25
38-53
27-51
This statement shows that
up to
Dec. 1 the receipts at the
in 1877 and 56,173
By adding to the
receipts since that time, we shall
comparison of the movement for the
ports this year
were 257,830 bales more than
hales less than at the same time in 1876.
above totals to Djc. 1 the
daily
he able to reach
exact
an
different years.
1878.
1877.
1876.
1875.
1874.
1873.
Tot,Nv.30 1,757,349 1,499,517 1,813,520
1,519,509 1,347,639 1,046,681
Dec. 1
S.
21,387
30,824
“
2....
“
3....
“
4....
“
5....
6....
“
“*
7....
“
8....
“
9....
10....
40,703
27,179
44,873
22,842
26,301
20,856
35,581
30,938
58,291
25,563
20,766
31,662
S.
S.
22,784
S.
39,978
40,894
23,532
“
12....
“
13....
58,561
28,693
30,836
30,614
46,024
“
14....
26,923
15....
16....
17....
18....
19....
20....
S.
“
“
“
“
“
“
“
“
11....
Total
S..-
21,089
S.
36,219
28,111
32,325
24,767
33,072
26,931
47,969
35,846
25,895
39,011
31,300
32,893
52,468
33,308
35,179
25,930
31,074
S.
50,328
34,519
38,346
S.
41,726
22,952
22,943
25,918
26,534
26,509
28,977
37,015
20,385
29,426
33,977
49,512
30,833
35,698
26,682
31,592
28,519
S.
S.
43,343
31,246
23,675
30,037
30,511
29,037
26,812
42,863
29,247
35,642
23,479
S.
24,517
28,921
19,114
34,055
31,842
S.
20,472
26,081
22,843
23,275
28,248
25,008
S.
40,210
26,645
27,632
22,371
33,111
23,023
41,476
S.
29,862
31,915
24,897
29,578
28,601
48,381
S.
S.
40,009
26,018
32,904
33,607
39,418
29,534
2,376,155 2,062,810 2,362,011 2,031,962 1,856,130 1,567,090
Percentag o
of
total
port receipts
—..
47-46
.
and
Britain—So much in
58-24
48-48
5308
41-19
Manufacturing Condition in Great
our cotton market
depends upon the situa¬
tion in Great Britain that
be of use.
There
can
be
duly depressed
no
a
on account
financial circles.
few words with reference to it
may
doubt that
The
prices of cotton have been
of the panicky
latest
advices
following, from the London
severity of the crisis :
How factory wages compare there
Oldham, in the London Times
extract from the
“
A number of
commenced
of
are
Times of
same date :
mills, principally those of the limited
companies, have
running a part of their machin^y ai the reduction, but the
minders’ have, in very few
cases, appeared to look after the mills. The
‘
piecers,’ engaged in many instances for the ‘ minders ’
work, have per¬
formed their duties
satisfactorily. It is part of the scheme of the
employers to break down the ‘ Minders’ Union’
by employing ‘ piecers’ to
tend the mills, and thus
dispense with the ‘ minders’ altogether.” * * *
“
A scheme has been set on foot
by which the reduction will remain in
abeyance until the settlement of the dispute.
Meanwhile, the money
will be invested at interest; and if the
employers win they will draw the
money, and vice versa. The employers
generally will not agree to such a
thing, and demand that the 5 per cent reduction be
unconditionally en¬
forced. It is stated that, so bad is
trade, they are even prepared, should
the operatives go in upon a
reduction, to run short time. They are firm
upon the question of the reduction. The strike has now
entered upon its
fourth week, and th^re have been lost in
wages £60,000, besides the loaa
of capital. There is great distress
among the laboring classes, and
appeals are being made for their relief.”
The Manchester Guardian
says:
Judging from the tone of the district meetings, there
“
seems to be
every reason to believe that the strike will continue for
some time.
The districts whose headquarters are in
the centre of the town unani¬
mously resolved to remain out. They did not
regard the scheme of
‘
trusteeing’ the redut tion pr /visionall / as worth / of attention.
Allthe
meetings, as far as heard from, voted to continue the
strike, and say
they have plenty of support from the other districts.”
Prices of the
would
material here
raw
to induce
reassuring.
low that most
any
are so
change
favorable turn in our market. Should the
financial condition at London become more
quiet, a continued
firmer tone ought to prevail in
cotton; and yet, with the present
seem
a
prostration in the manufacturing industry all over
Europe, and
supplies, it would be unreasonable to
expect any considerable recovery in quotations.
the present prospect as to
Bombay
Shipments.—According to our cable despatch
bales
received
shipped from
Bombay to
Great Britain the past week and
bales to the Continent;
while the receipts at Bombay
during this week have been 6,000
biles. The movement since the 1st of
January is as follows.
These figures are brought down to
Thursday,-Dec. 19.
Shipments this week
Great
Brit’n.
Conti¬
3,000
2,000
1878
1877
1876
Shipments since Jan.
Great
Total. Britain.
nent.
Conti¬
Receipts.
This
Week.
Total.
nent.
323,000 401,000
5,000 385,000 436,000
Since
Jan. 1.
724,000 6,000 918,000
821,000 13,000 1,096,000
984,000 14,000 1,109,000
581,000 403,000
From the
1.
foregoing it would
there has been
a
ments
appear that, compared with last
decrease of 5,000 bales in the week’s
ship¬
to Europe, and that the total movement
from Bombay
January 1 shows a decrease in shipments of 97,000 bales,
The compared with the corresponding period of 1877.
feeling prevailing in
not
following dispatch from
Thursday, and further in the
‘
year,
un¬
now
The prospect as
Manchester Guardian of the
to-day, there have been
This statement shows that the
receipts since Sept. 1 up to
to-night are now 313,315 bales more than they were to the same
day of the month in 1877, and 24,141 bales more than they
were to the same
day of the month in 1876. We add to the last
table the percentages of total
port receipts which had been
received Dec. 20 in each of the years named.
Financial
steps.
our
with those in other countries we do not
know.
to the existing strike is indicated in
the
Beginning September 1.
i
Sept’mb’r
follows:
as
657
since
Gunny Bags, Bagging,
Etc.—Bagging is still ruling very
quiet, and scarcely an inquiry is to be noted. The market
is
ruling weak and nominal, with holders quoting 9@10c., as to
“There is a good demand for money maintained at
the Bank of Eng¬
quality and weight. Butts are also ruling easy, and the ten¬
land. Seven per cent has been charged
for advances. It is quite possi¬
ble, in spite of the influx of gold from abroad, that the Bank return will dency is towards a lower figure.
Some few parcels have been
placed, in all about 1,000 bales, at 2 9-16@2f c. There are
show a further reduction of the reserve. It is
reports
important in the present in the market that some
lots have been sold as low as
circumstances that too much should not be made of this
2£c., but
circumstance. the
generality of holders are quoting 2 9-16@2 ll-16c., the latter
It is due almost entirely to the unprecedented
expansion of the note cir¬ for
prime quality, on time.
culation at the most inconvenient season of the
Thursday, shows the
year. At the present
moment, the banks, in London mere particularly, have
very large un¬
employed balances, and, through their disinclination to afford the usual
accommodation, the demand is thrown upon the Bank of England. Sim¬
ultaneously with this pressure, securities have been realized to a
large
extent and the proceeds sent into the provinces. It
should be impressed
upon those who do not absolutely need money that
they only tend to
aggravate the temporary stringency by hoarding
unnecessary supplies.
There is no commercial demand worth
speaking of, and there can conse¬
quently be no cause whatever for the continuance of the
The Exports
Cotton from New York this week show
op
for the same period of the previous
year
■sports of Cotton(bales)froni New Yorlt
since
Sent.1, 1878
existing tight¬
after the turn of the year, provided fresh
financial difficulties do not
arise to create further distrust.”
ness
WKJEK BNDINO
There must be some
recovery soon, unless the settlements for the end of the
year
should bring to light numerous embarrassments
extensive
failures; and
largely discounted in
of
course
disturbance
are
cannot
resulting in
even
these possibilities appear to be
Absolute recov¬
the present condition.
be expected,
as
the
causes
for
the
Liverpool
Other British Porte
Dec.
Dec
27.
4.
11.
8,686
6,514
8,686
Havre
Other French ports
•
too real and
•
•
•
•
•
4,665
3,824
600
125,865
4,^52
108,627
1,585
6.744
4,035
4,424
130,117
110,212
740
626
1,749
8,683
2,141
•
....
•
•
•
•
•••
886
12,574
•
•
a
•
•
•
year.
115
•
626
1,749
8,683
2,256
235
250
ICO
8,225
8,873
2,016
8,203
'
588
•
.
.
•
....
2,751
886
•
740
1,799
952
prev’ue
date.
251
•
to
Dec.
18.
251
deep to be speedily removed; but Total Frencli
relief from the present tension
may, with good reason, be antici¬ Bremen and Hanover
pated, unless trade is in a worse plight than we
suppose it to be. Hamburg
Other ports
The strikes in the
manufacturing districts are taking their
Total to N. Europe,
natural course, and can end
permanently only with lower wages.
England must produce cheaper before she can hope to
Oporto A Gibraltar ft c
regain or ipain.
oil others.
retain her position as a manufacturer.
That is the
struggle which
is now in process, and we do not
Total Spain, Ac......
expect it will close with the pres¬
ent strike. We hive been
Grand Total
through a similar one, and she is follow¬
Nov.
200
Total to Gt. Britain
«••••••••.•
8ame
period
Total
BXPOBTXB TO
This extreme condition cannot last.
ery
an
increase, as compared with last * week, the total
reaching 7,277
bales, against 5,776 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
exports
and direction since Sept. 1,
1878, and in the last column the total
....
583
•
•
•
•• »
485
• •
•
•
,<• • •
•
•
•
•
•4%
•
•
8,o;a
• •
5,776
•
•
aa
•
•
1,202
423
a#
100
9,850
1,004
1,890
19,092
i
.
-
• • • •
’
aaaa
•
a a •
v • • •
1,004
1,880
• aaa
7,277
150,540
131,560
658
THE CHRONICLE.
The following are the receipts of cotton at New
York, Boston.
Philadelphia and Baltimore for the n&at week, and since
Sept.
to work unless at a stipulated
salvage of 50 per cent. OnthelOiha
heavy gale set in from the south, and the vessel broke
up considerably
and worked into deeper water. On the 12th
there was no
appearance of
the vessel above water.
Lying in an exposed southerly position, much
difficulty was
1/78:
mrw york.
bbcx’ts
BOSTON.
from
This
Since
This
Since
week.
8ept 1.
week.
8eptl.
New Orleans..
Texas
Savannah
Mobile
Florida
S’th Carolina
N’th Carolina.
8.490
5,195
22,111
2,828
78,566
84,469
•
m
Virginia
•
285
6,i20
2,736
53 2-5
1,080
17,219
81,791
4,353
56,3 9
5.882
751
North’rn Porte
•
•
•
•
....
•
•
•
.
....
«
«
m
-
#
766
.
....
....
23,961
45,703
2,175 39,369
123
1,032
7
Total this year
26,679
410,255
8,931 115,932
Total last
4'>.336
395,683
15,221 106.862
News.—The exports of
12,249
...
.
.
496
the case, and the officers and
Lena,
.
....
^
....
.
m
•
17,913
...
11.593
•
_
-
6,953
srr.
water.
She was surveyed on Dec.
the vessel be pumped out and
13, and a recomme; daiion made that
cargo be discharged. The vessel was
insured for about half her value in New
York. The insurance on the
cotton was divided between
foieign and American companies, about
two-thirds being held in Europe. rl he work of
pumping her out was
commenced on the !4ih, and it was
supposed that by tr e 16th sufficient
cargo wou d be discharged to ascertain ihe extent of
AriiRODiTE, ba k (Br.), Theakstoce, from New Orleans damage.
Dec. 5 for Rouen,
with a cargo of cotton and
grain, returned to New Orleans, Die. lJ, in
....
....
3,933 74,439
19,863*
from
cotton
.
....
2,272 30,162
2,712
r
7,117
1,764 28,852
%
.
....
1,486
26,777
533
1,200
65,S2S
the
United
States the past week, as per latest mail
returns, have reached
112,989 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
include the manifests of ail vessels cleared
up to Wednesday
night of this week.
Total ba es
New York—To Liverpool, per steamer Erin,
1,037 and 76 Sea Inland
....City of Brussels, 3S8
City of Chester, 22
Algeria, 9.3
Nevada,
distress, having
300
skip Asians. 1,068
To Hull, &c per steamer
Hindoo, BOO
To Havre, per steamers
Amerique, l,C7d and 21 Sea Island
•f London, 6'2...
To Bremen, per steamer
Neckar, 100
To Barcelona, per steamer
Castilla, 1,< 04
per
Cotton
freights the past week have been
New Orleanb-To Liverpool, per steamers St.
-Liverpool.
,
3,821
,
8 team,
6J0
d.
City
..
8atnrday.
Monday..
Tuesday..
1,749
100
,
Louis, 4,157
Chilian,
3,750....A^dia', 2,771
To Havre, per steamer
Hesleden, 4,178
per »hip Crescent City,
4,554
per bark Domenico Lanata, 5(8
To Rouen, per bark Attivita, 300
To Reval, per steamer Bernard
Castle, 4,977
To Mxlaga, per bark Caleb, 1,600
Mobile—To Barcelona, per bark Alfred, 1,430
To Trie-t *, per bark Christina, 925
Charleston—To 1 iverpool, per barks Oneco, 2,250
Upland—Warren
Hasting- 1,85» Upland
Gulow, 2,192 Upland and 100 Sea Island
Jardine Brothers, 1,300 Upland and 120 Sea
Island
per brig
1,004
Thursday.
10,678
Friday....
9,240
3*0
4,977
1,600
1,430
925
*
Sail.
d.
*@9-32
*©9-32
*@«-'2
*@9-3 1
*@9-32
*@9-32
Wed’day..
—
..
sprung a leak.
Royal Diadem (Br.i—About i,C00 ba’es of cotton
have been taken out of the
hold of bark Royal Diadem (Br.), at
Charleston for Rotterdam.
Of
these, some two hundred bales were more, or less ii jnred
by fire, the
bagging being partly burnt byite flames havibg penetrated to some
extent into the bales.
The entire remainder was badly water-soaked...
The bales will be placed on end on the w’harf
when the packages are in
sufficient c ndition to stand in that position.
—
..
of
detained for evidence.
crew were
(Br.), from Savannah, before rep; rted ashore n-ar
Bremen, was
assisted off, undamaged, on Dec. 6.
Pommerania (Ger.)—Independence Salvige
Company’s
at
officer
Dover stated
ou Dec. 2: “^Overhauled
Pommerania from the
Recovery ; find position
bad. Advise not to undertake
any salvage.”
Citt op Montreal (Br )—The
c«rgo of the ship City of Montreal (Br.), at
Savannah for Havre, was discovered to be on
fire at 8 P.M., Dec.
12, but
it was extinguished
by 2 A.M. of the 13ih. 8he had on b' a.d 2,500 bales
of cotton,
i’he fire department and
steamtugs filled the vessel with
.
....
experienced by boatmen in saving
A commission
appointed by the Governor to inquire into cargo.
the circumstances
was
....
.
4,819
Shipping
This Since
week. Sept.l
*
Tennessee, &c
Foreign..
year.
This Since
week. Sept.l.
14,896
•
1.763
3,782
BALTIMORE.
976
•
•
1,181
PHILADELPHIA
[Voi, XXVII.
c
1113
11-16
11-16
11-16
cp.
cp.
cp.
cp.
11-16 cp.
—@*
-@*
—
c.
c.
11-16* cp. -@H
—@*
0*
-@*
follows:
as
,—Havre.—* ,—Bremen.
Steam. Sail, Steam,
Sail.
*
*
*
*
*
*
—@*
—@*
—@*
—@54
—@*
"
/—Hamburg—,
Steam.
c.
Sail,
c.
c.
comp,
comp,
comp.
*
% comp.
*
como.
*
comp
comp.
y*
x
%
*
*
%
*
y*
como.
comp,
comp,
comp,
comp.
Liverpool, Dec. 20—4:00 P. M.—By Cable from Liver¬
pool.—Estimated sales of the day were 8,000
bales, of which
1,000 bales were for export and speculation.
Of to-day’s sales
6,600 bales were American. The weekly movement is
given as
follows:
,
.
.
Nov. 29.
To Barcelona, per bark Salia,
1,400 Upland... per brigs Gablej, 630
Upland....Premia, 60i) Upland
8avannah—To Liverpool, per steamers Telford,
4,243 Upland and 2 6
To Havre, per ship Wiliam, 3,150
Upland and 40 Sea
bark
Candeur, 1.445 Upland
4,635
To Genoa, per barn Joe
Raaers, 2.853 Upland
2,853
Texas—To Liverpool, per steamers
Hampton, 4,178
Red Star, 3,789
Yorkshire, 4,239... per barks Inveresk, 2,363.. .Waite,
1,625.. 16,185
To Havre, per steamer
Travancore, 4,197....per ship Robert Kerr,
■8,925
8,122
To Bremen, per ship Savannah,*
37....per brig Adeone, 681.
718
To Genoa, per bark Wilhelm Foss,
1,168
1.168
To Salerno, Italy, per birk Ruth, 1,153
1,153
Wilmington—To Bremen, per bar* Henrik Ibsen,
1,368
1,868
To Ghent, per brig Helios, 1.788—
1,2*8
Norfolk—To Liverpool, per bark Peter Crerar, 8,321
2,301
Baltimobr—To Liverpool, p r sieamer
Sarmation, 1,683 and 23 Sea
Island
per bars San Fernando, 200
1.912
To Bremen, per ateamer B dtlmore, 500
500
Boston—To Liverpool, per steamers Samaria, 197
Massachusetts,
1,323
Illyran, 912
2,632
Philarelp*ia—To Livmpoo , per steamers
Alvah, l,000....Castello,
1,000
per bark E. T. G., 954
..
..
...
2.C54
Total
IU.989
Post clearance, making total cargo 4,512, of which
4,505
week.
The
are as
particulars of these shipments, arranged in
follows:
were
form
Amster- Reval
Malaga Genoa,
dam
and
ana
Trieste <6
Liver- aud
B“eand Gotten- Bar- San tan- Mderpool. Rouen, men. Ghent, burg, celona. der.
no. Total
Havre
New York..
New Orleans.
Mobile
Charleston
Savannah
Texas
1.749
10,876
9,540
9.76 i
Wilmington
*
Norfolk
Baltimore
Boston
8,055
4,635
16, lc5
8,122
—
1,912
Total
...
100
1,0.14
4,977
3,166
2.301
Philadelphia.
*
*4,424
3.330
1,853
1,430
2,630
1,366
925
430
2.853
2,321
1,2S8
■566
2,632
2.954
58,403 24,016
5,852
4,618
6,827
5,064
2,0S0
6,099
give all news received to date of disasters
carrying cotton from United States ports, etc.:
we
Firmer.
J
Telford (Br.)—The crew of 'he British steamer
Telford, which cleared at
Savannah, Dec. 10, f jr Liverpool, refused to
proceed t» sea, claiming
that the vessel was not in a
seaworthy condition, and that she was topheavy. A snrvey was held morning of the 11th.
It was understood
that th^ ship wa^ pronounced
unseaworthy in her present cond’tion,
and a rrcoram ndation would be made that she
be rendered
perfectly
seaworthy before proceeding on her
voyage. It. appears that the princi¬
pal trouble lie* in the fact that the vessel
is top-heavy and is not
proper¬
ly
balanced ; otherwise she is all right. She was lying, at the wharf
on
the 12th and had commenced
discharging, and would in
event be
detained a week or ten days for the next spring tides. The any
T. sailed on
the
Mid. Upl’ds
Mid. OiTns.
19fh.
str.< 1,416 tons gross, of Whitbv
21, with 3,c02 hales
.
(Ear.), Simpson, from Galveston, Nov.
cotton for Havre, struck a sunken
wreck or log of
timber (*ff Bermuda at 3 A. M., Dec.
1, which set the vessel leaking so
btd y as to extinguish the furnace Arcs. At
daylight signals were m\de
for a steamtug. The tugboats O. W.
Ackerman and Spitfire proceeded
to her asMsiance, bat before
they could get her into harbor ft became
necessary to run her aground, which was done on the
reefs, on the
south sioe of the island, about a mile from
shore, on the morning of the
2d. About l< 0 bales of cotton were landed, when the
wreckers
refused
324,000
201,000
82,000
68,000
7,000
310,000
248,000
5
5
5
514
53s
53s
5»8
Market, ?
5 P. M.
quiry free¬
ly Bupplle
47q
Un
j
9,000
1,000
333,000
202,000
71*000
60,000
2,000
192,000
48,000
34,000
9,000
337,000
276.000
15,000
316,000271,000
of
as
Firmer.
Firm.
5^16
3he
b716
-
h’ng* J Unch’ag'd
ULeh’ng’d
Futures.
Market, ?
}
r
Strong.
’
Dul>, but
Steady.
Bteady.
Firm.
9
eady.
Firm.
The actual sales of futures at
Liverpool, for the same week, are given
These sales are on the basis of
Uplands, Low Middling clause,
unless otherwise stated.
Saturday.
below.
Delivery,
d.
47s
47q
Dec
Dec.-Jan
Delivery.
June-July
d.
d.
Delivery.
April-May.... 51e'3>^iQ.
4iBi(5'@3132 Jime-July
5*®932.;
5732
Nov.,
5132®lio
....da3 2
Shipment.
n. crop,
si. 5
Monday.
Delivery.
Dec
Dec.-Jan
Feb.-Mar
Delivery.
5i32®1ie®18
5316
5*8
Mar.-April
5al6
5»32
April-May
5*4
5rt32-a>38 Apr.-May
5932
Dec
5a32
5*16
Dec.-Jan
5332
5xie
5
5
Mar.-April
June-July
Dec
Dec.-Jan
Jan.-Feb.
Feb.-Mar
Delivery.
5332® lie*
Jan.-Feb
Feb.-Mar
5*8
.‘...S*
Apr.-May
Nov.,
Shipment.
new
sail..
crop,
5!g:
Tuesday.
Delivery.
Dec...
5®43i32
Dec.-Jan. 5® 132® 42132
Jan.-Feb
5
Feb.-Mar. 51ig®132®5
Mar.-Apr.. 5332-ii6-332
Delivery.
Delivery.
Apr.-May
5J8
Jan.-Feb
43i32® i5j &
May-June
5a16 Mar.-Apr
5I32
June-July
5&1G®*
Shipments.
Mar.-Apr
51*6
Nov., n. cp., sl..5i32®5
Dec
4i516 Nov.-Dee., u. cp.sl.5
Wednesday.
•
JLatm,
329,000
Quiet.
firmer.
Mar.-Apr
to vessels
13,000
6,000
Mod’te in¬
Active and
533o
Including 600 to Hull, &c.
Below
Market, ?
12:30 p.m.
April-May
112,9^9
7,000
2,000
42,000
Saturday. Monday. Tuesday. Wedn’sdy Thursd’y Friday.
20,238
2.632
5,000
43,000
223.000
5
2,954
38,000
301,000
175,000
104,000
90,000
.6,000
291,000
Feb.-Mar
2.412
51,000
33,000
55,000
5,000
2,000
Jan.-Feb.478®2932
rd> 1^10^^932
2,656
2,301
Dec. 20.
7,000
.
25,79 >
2,355
16,023
*7,346
49,000
10,000
Dec
Dec.-Jan...
Jan.-Feb
Feb.-Mar
7.277
1,600
718
Spot.
reported last
oar asaal
Doo. 13.
The tone of the Liverpool market for
spots and futures, each day
the past week, and the daily
closing prices of spot cotton, have been
follows:
5 P.M.
*
Dec. 6.
44,000
....
I.land....per
..
Sales of the week
bales.
Forwarded
8ales American
Of which exporters took
Of which speculators took..
Total stock
Of which American
Total import of the week
Of which American
Actual export
Amount afloat
Of which American
Dec
Delivery.
'.
Jan.-Feb...'
Feb.-Mar
Mar.-Apr
Apr.-May
Feb.-Mar
Delivery.
Delivery.
*.42832 April-May
5%
Dec.-Jan
5
41&ig Dec.-Jan
Jan.-Feb
4i516
5
5®43i32 Mar.-April
Feb.-Mar.
5*16
5*32®
5ii6®i32 May-June
5316
Mar.-April
5332®%
5!s®332 Dec
...5
April-May. ...5532®316
.5
Thursday.
Deo
Delivery.
5*16®332
Jan.-Feb. 5132® 1 ie
Delivery.
Apr.-May... 5732-:i4-932
May-June.....
®332®%®%2 Mar.-Apr.....
Feb.-March: 5*8®
Mar.-April
632®a32®532
5132
Delivery.
Mar.-Apr
5732® *
Apr.-May
.
Dec
Jan.-Feb
Feb.-Mar
5»ig
5316
5*8
5%
May-June
51132®%
Shipment.
| Nov.-Dee.,
53i« j
sail
n. crop,
5&32
,
December
THE CHRONICLE.
81,1878. j
Friday.
Delivery.
rd.
Delivery.
d.
51*32
5332
May-June.
Jan.-Feb
Feb.-Mar.
51i6'®532
5632'®332®18
Mar-Apr. 5732,a>532®3i6
Apr.-May
buzz'd 14
Deo
Deo
Jan.-Feb
5*8
5 *3
Mar.-Apr
..5732
Delivery.
Juno-July
Rail
ports.
d.
51**32
Dec.-Jan
Feb.-Mar
Mar-. Apr
5»32
Dec
Dec.
Dec.
Dec.
5^
5932
the whole the
on
change in the flour
couise
market the past
of values has been
downward,
To-dsy, the market
a
considerable
excess
lias
been
over
last
checked the demand.
spot and for
No. 2 mixed sold yesterday at 48c.
January, and 46fc. for February, when, it
on
is sup¬
mixed (new)
45@45£c.
to
....
....
...
.,
on
up to
..
Whcet-No.3 spring,bush. $0 80$
No. 2 spring
95$
3 21$ 3 60
Rejected spring
77$
Extra State, &c
3 75$ 3 85
Remand amber winter 1 0f$l
Western spring wheat
Red winter No. 2
07#®
exrras ’
3 70$ 3 00
White
1 04$
do XX and XXX
4 25$ 5 5) i Corn—West’n
mixed
45$
do winter shipping ex¬
do
steamer grade.
46$
tras
3 90$ 4 30
do
white
46$
do
XX and XXX..
4 70$ 5 50
do
je’low
47$
Minnesota patents5 50# 7 75 Rye—Western
56$
City shipping extras
3 75$ 4 7)
State and Canada
53 $
Southern bakers’ and fa¬
50$ 5 75
10# 4 4)
9J$ 3 o0
2 40$ 2 65
2 85$
4
2
....
Ojt"—Mixed
White
.
Si
98
80
08#
1 08
l 11
48*4
46#
50
-*
Peas-Cauada bond&free
Milwaukee
Toledo
Detroit
Cleveland
St. Louis
Peoria
Dulutii
Total
Previous week
Corresp’ng week,177.
'Corresp’ng week,’76.
bush.
65
6.020
8,833
24,876
11,323
....
150,2*26
160,939
120,187
116,362
T«t.Dec.31 toDec.14.5,572,599
Same time 1877
4,848,864
•Same time 1876
5,376,919
Same time 1875
4.866,071
Tot Aug. 1 to Dec. 14.2,575.850
«*taetime 1877
2,615,022
fame time 1876
8ame time 1375
(r,0 lbs.)
831.808
100,143
149,799
81,602
10,400
bu*h.
(56 lbs.)
614,691
25.750
110,213
5,343
97,150
*214,436
116,820
1,200
60,775
112,668
2,102,-261
2,26',007
1,169,356
886,093
....
1,120,775
1,141,573
1.016,817
1,285,429
87,289,314 90,844,691
51,427,819 76,527,018
54,507,486 78,227,557
68,986,563 47,123,245
53,262,325 38,337,542
41,136,201 33,621,426
2,441,15r28,06S,348
35,823,209
bush.
bush.
(32 lbs.)
3a
tto$ 1 25
93$ 1 CO
75$
80
73$
85
bush.
(48 lbs.) (56 lbs.)
220.333
58,315
39,162
36,700
43,280
14,770
10.595
4,737
19,200
14,535
63,050
5’,428
*444
3,000
31,083
21,COO
13,239
4,550
....
369,150
382,058
170,106
309,023
260,035
165,609
299,530
29,927,043
22 927,856
24,374,320
24,902,393
16,255,927
12,102,382
10,537,61?
178,176
9,724,032
8,896,892
72,165
84,1011
53,32(
95,S5(
4,904,14?
4,904.771
2,688,541
8,600,189
5,919,382 2,776,78:
6,793,241 844,836,043,106 1,951,661
5,630,950 1.821.134
2,237,933 38,577,775 19,354,723 14,271,024*4,364.127
1,212,461
Shipments of flour and grain from Western lake
and rive:
porta from Dec. 31 to Dec. 14.
Flour, Wheat,
Corn,Oat?,
Barley, Rye.
bbls.
bish.
hush.
bush.
bush.
bush.
Tot.Dec.81 to Dec.14.5.917,351 6',233,274
78,197,239 3V<39,983 5,179,678 3,694,927
Same time 1877
5,081,151 43.277.117 66,924,682 17,759,359
5,586,271 2 361,671
fame
time 1876
4,813,411 48,284,690 73,896,253 19,839,701 3,802,885
Same time 1875
6,358,905 57,469,413 42,562.237 19,058,874 2,694,608 2,404 331
909,628
172,539
264,512
172,370
133.600
163,800
183,462
100,8; 0
79,333
Rye,
bush.
bush.
7,200
16.400
78,304
80, S< 0
18,100
27,290
16,(00
1,600
Wheat,
Corn,
bush.
Oats,
bush.
bush.
Barley,
bush.
50,600
6,700
69,208
1,200
94b,158
119,122
90.260
196.990
1,000
32,000
17,918
19,930
1,200
67.9G8
71,475
1,600
1.4f0
303,400
600
115,480
310,400
181,365
251.000
32,900
7,000
1,867,593
814,024
l,9o2,926
659,729
835,283
..
1,329,868
101.10K325
83,503,586
84,494,780
54,546,517
Rye,
bush.
129,208
39,>05
3.000
130,312
end¬
7,500
350
54,168
40,306
....
232,411
64,900
113,564
453,487
97,600
143,841
231,180
179,866
12; 426
2 13,700,134 ( i 077,059 1 5,222,161
S 50,236,574 1 ),212,120 : 2^540,749
2S3,967,813 1 r,69 t,97i : 1,766,676
20,038,590 <1,938,510 496,210
Exports from United States seaboard ports and from Montreal
ending December 14, 1878.
Flour,
From—
New York
Boston"
Portland
Montreal
bbls.
Wheat,
266
•
Philadelphia
4,452
14,875
Baltimore
•
Oats,
bush:
827,814
65,874
31,400’
5,404
.
Corn,
bush.
92,032
.
Rye,
bash.
500,523
2,466
29,035
•
•
•
333,357
•
•
•
•
•
*
m
m
bush.
88,033
21,104
400
.
•
143,435
157,483
313,489
m
Peas,
bush.
•<>•••
966
....
Total for week..
Previous week
Two weeks ago
Same time in 1877...
•
117,029 1,621,994
830,529
3,432
38,083
75,387 2,365,542 1.011,986
56,687
60.263
108,137 1,749,607
695,073
7.259
44,291
76,637
769,883 1,068,969
3,348
20,934
From New Orleans 3,152 bbls. flour, 71,972 bush, wheat
and 54,550
corn.
at
•
•
•
21.504
19.694
89.380
30.778
bu8h.
The visible supply of
grain, comprising the stocks in granary
the principal points of accumulation at lake
and seaboard
ports, and in transit by canal and rail, Dec. 14, 1878,
follows:
Total
Dec. 7, 1878
Nov. 30, 1878
Wheat,
....
,
...
....
....
....
bufch.
3,844,858
3,424,918
13,610
1,155,769
2,138,034
881,000
333,038
2, 1878
•
•
•
435,276
409,(81
1,210.686
102,975
582,102
65,245
196,850
71,866
61.000
3,741
82,000
30,501
6,000
12,177
820.000
32,000
....
52.199
115,193
17,045,020
25,500
227,000
248,351
16,200,015
....16,497.635
16,565,793
....16,892,965
..-..16.232,755
.
603,766
73,275
88,982
91,159
1,589,087
....
940,103
512,000
411.307
884,149
....
bush.
20,400
148,000
428,072
200,102
98.1,642
....
Rye,
bush.
...
....
116,498
203.735
....
Barley,
was as
•
365,000
..
26, 1878
Dec. 15, 1877
1,668,940
26,539
237,067
;..
....
Oats,
busb.
796,500
...
9. 1878...
Corn,
bush.
....18.842,018
Nov. 23, 1878
16, 1878
Nov.
Nov.
Nov.
Ocr.
12.150
25,177
.
.
F4,820
7 .’,291
21,670
10,049
641,240
25,096
120,537
84,189
....
75,584
2,348
SH9
897
....
6,122
•
•
•
•
94.948
18.425
41,581
...
177,430
582,414
•
219,175
.
32,243
163,532
201,536
238,-93
®
....
139,279
611,026
14,658
857,73.3
8.855,364 3,034,839 5,701,568 1,608,215
8,124,159 2,423.417 5,205,152 1,200.820
7,510,653 2,455,966 5,117,484 1,191,963
8,787,375 2,603.774 5.483,933 1,289,6 8
9,296,949 9,818,962 5,336,644 1,1-6.357
9.552,678 3,016,864 4,966.134 1,320,174
16,882.581
9.S04.922
10.208.909
3,475,140
3,552,441
.10,279,269
5.033,907
5,212,725
5,3)8,651
3,705,473
4,665,710
1,408,543
1,649,975
639,649
THE D1Y GOODS TIADS.
60
31#$
Bar'ey—Canada We*t
State, 4 rowed
State, 2 rowed..
536,321
4^6,400
165,615
315,556
1
Barley,
bush.
49
58
river ports for the week
ending
14,
1878, and from Dec. 31 to Dec, 14, and from Aug. 1 to Dec.Dec.
14.
Flour,
Wheat,
Corn,
Oats, Barley,
Rye,
bbls.
<7hicago
•
•
Oats,
bush
for week
29$ 31
Receipts at lake and
(190 lb?.)
49,760
64,346
•
•
Grain.
ern
At—
•
•
Corn,
bush.
Tot.Dec.SltoDec. 14 9,386,365105,609,573
Same time 1877.. ...8,124,112 44,414,*83
Same time 1876
.9,666,960 42,>’46.633
Same time 1875.. ...9,647,741 53,598,669
Rc.il shipments, week..
Afloat in New York...
:
No. 2
$ bbl. $2 30® 2 90
ttuperfine State & West¬
Corn meal—Western,&c.
-Corn meal—Br wine. &c.
•
261,609
265,343
....
..
new round
closing quotations
4
*
the spot.
46|c.;
Flour.
mily brands
Southern shipp’g extras.
Rye flour, superfine
•
•
26,953
.
,
The following are
•
27,4't5
....
New Southern yellow
In Storb at—
yellow
at 47c. up New York
to 52c.
Receipts are moderate at all points. To-day, the market Albany
was barely
steady, but the sales included 100,000 bushels No. 2 Buffalo
Chicago
mixed at 47@4?c. in store and afloat.
Milwaukee
Rye was active ; some 50.000 bushels State being taken for Duluth
Toledo
export on Wednesday at 59£@G0c showing a slight
decline, Detroit
and the close to-day was dull.
Barley has been more active at Oswego
full prices, the sales
including about 11,500 bushels imported St. Louis.
from Germany, said to have
brought $1 35 To-day, there was a Boston
Toronto
good demand, but bids were not up to the views of holders.
Montreal
Oats were dull, and yesterday there
was a considerable decline,
Philadelphia
especially for white. To day, the market was easier, No. 2 Peoria
gradt-d closing at 30£c. for mixed and 33c. for white; a boat load Indianapolis
Kansas City.
of No. 2 Chicago sold at Sic.
Baltimore
opened at 45c. and sold
•
Corresp’ng week ,’77. 233,947
the
posed, supplies will be more liberal. Steamer-mixed advanced
to 46J@46|c. spot and
January and 4oic. for February, and No. 3
•
bbls.
Total
Previous week
rather
To-day, the market was
very flat, and prices generally £@£c. under
yesterday’s figures.
Indian corn has improved
materially, especially for prompt
delivery and early arrival; but at the close the higher prices
•
•
Flour,
Baltimore
New Orleans.
was
year.
1876
1875
Philadelphia.
more
quiet.
dull, and prices slightly
-declined early in the week;
latterly, lioweve-, there is some
improvement, especially in winter rode and amber3, which are in
favor with shippers to the
continent, and are in but moderate
stock.
Spring wheats became more active at the reduction, there
being liberal sales of No. 3 at 8i)a90c. Yesterday, No. 2 red
winter sold at $1 09 for January and
$1 10| for February ; No.
2 amber, $1 06@$1 06£ for
January and $1 07£ for February;
No. 2 spring, 97ic. for
January. White wheats were somewhat
neglected. Receipts at the West have decreased, but still show
The wheat market
■
New York,
Boston
Portland
Montreal
than the average
demand. Good medium grades from winter wheat
have been
rather steadier toward the elo3e.
Rye flour and corn meal have
scarcely varied.
1S78
1877
•
At—
especially for low extras, the sales including lines of “scratched”
shipping extras at $3 60 and regular brands at $3 75. 'Produc¬
tion has somewhat fallen off, but not
14,
15,
16,
18,
Wheat,
bbls.
lake and river
Receipts of flour and grain at seaboard ports for the week
ing Dec. 14. 1878, and from Dec. 31 to Dec. 14.
Friday, P. M., December *20, 1878.
week, but
Flour,
ending—
BREADSTUFFS.
There has not been much
shipments of flour and grain from Western
Week
5*8
Apr. May
659
Friday, P. M., December 20, 1878.
Business has continued quiet during the
past week with manu¬
facturers’ agents and importers; the
jobbing trade also exhibited
very little
demand for
animation.
There
was
at
first hands
a
moderate
spring clothing woolens, and some fair orders were
placed for plain and fancy white goods for future delivery; but
transactions in
seasonable cotton and woolen
goods were of
a
strictly hand-to-mouth character, and in accordance with the
limited requirements of current trade.
There seems to be lets
disposition on the part of jobbers to anticipate future wants than
has sometimes been the
in
case
at this time
of year, and
operations
staple cotton goods, shirting prints, &c., for the spring trade,
were few and
relatively unimportant.
Domestic Cotton Goods.—The
export trade in cotton goods
has been fairly satisfactory, the
shipments from this port to
foreign markets, during the week ending December 17, having
been 3,316 packages,
including 2,483 to Africa, 343 to U. S. of"
Colombia, 189 to Hayti, 106 to Argentine Republic, 64 to Great
Britain, 52 to Hamburg, &c. There was a steady demand for
nearly all seasonable makes of brown, bleached and colored cot¬
tons, but selections were individually small and light in the
aggregate. Cottonades were less active than expected, and sales
were almost
wholly confined to small lots adapted to the wants
of the clothing trade.
Agents* prices ruled fairly steady, and
few revisions will probably be made until
jobbers are prepared
to re-enter the market as
buyers, which will not be until next
660
month.
THE CHRONICLE
fvoL. xxva
Print
cloths were dull and weak at 3
3-16c.t cash, for
Receipts of Leading Artieles of Domestic
64x64s, and 2|c., 30 days, for 56x60s. Fancy prints remained
Produce.
The following table, based
quiet, and shirtings lacked the buoyancy of former seasons; but
upon daily reports made to the
there was a fair
inquiry for Turkey-reds and patcli-work prints. New York Produce Exchange, shows the
receipts of leading
Domestic Woolen Goods.—There was an
irregular demand articles of domestic produce in New Yora for the
for clothing
week
woolens, and while heavy woolens remained inac¬
ending
with Tuesday last
tive, there was a fair inquiry for light-weight
(corresponding with the week for exports), for
fancy
cassimeres
and cheviots, and considerable
deliveries of these goods were the period from January 1, 1878 to that day, and for the
corres¬
made by agents on account of former orders.
Worsted coatings ponding period in 1877.
continued in good request by clothiers and cloth
jobbers, but
cotton-warp worsteds were slow of sale as compared with former
Week ending Since Jan. 1.
seasons.
Same time
Overcoatings, cloakings and black cloths and doeskins
Dec. 17.
were severally
1S78.
last year.
quiet, and there was a very light movement in
Ashes
flannels and blankets.
bb’s.
93
Kentucky
jeans met with moderate sales, Beans
4,041
6,531
but transactions were
2,544
81,473
mostly confined to small lots required for Breadstuff's—
85,391
immediate sales. Printed satinets were taken in
limited amounts,
but blacks and mixtures remained dull.
For worsted dress
goods there was a light re-assorting demand, and shawls and
skirts continued quiet.
Foreign Dry Goods.—There was a fair demand
for goods
adapted to the holiday trade by local retailers, but imported
fabrics generally were
very quiet, as is usually the case at this
advanced period of the season. The auction season
has virtually
closed, and sales will not be resumed until
February
next.
Importations of Dry Goods.
The importations of dry goods at this
port for the week ending
Dec. 19, 1878, and for the
corresponding weeks of 1877 and 1876,
have been as follows :
ENTERED FOR CONSUMPTION FOR
THE WEEK ENMNG DEC.
1376
Fkgs.
Manufactures of wool..
do
do
do
316
271
218
167
..
flax...
Miscell’neous dry good?
Total
1,104
WITHDRAWN
PROM
Pkgs.
$56,483
305
81,665
178,432
34,050
27,236
59=
$377, S96
WAREHODSE
cotton
silk..
flax...
Miscell’neous dry goods
Total...
Add ent’d for cons’mp’n
$102,95S
£80
652
161,411
183,183
93,073
1,251
118,990
3,166
1664,614
AND
159
$58,686
146
102
33
175
359
49,051
?0,266
106
36
393
13,895
1,054
$197,062
377,696
1,735
40.136
827
.
1,104
Tot. thr’wn upon mark’t
1,931
$568,953
Pkgs.
INTO
THE
$56,645
62,816
33,626
5-5,359
26,526
$233,472
664,614
3,186
4,921
$898,036
Value.
386
814
341
278,420
195,176
148,498
78,743
2,678
$847,<08
MARKET DURING
152
136
37
1,998
do
do
do
141
126
84
cotton
silk
flax
..
..
Miscell’neous dry good;-
107
$53,036
83,817
71,242
24,395
482
54
109.236
15,858
1,458
82,350
173
168
$76,934
62
48,168
=r
$1,128,173
$86,725
392
157
67,766
512
$253,400
1,104
377/96
2,341
3,186
$309,994
664,614
2,678
Tot’l entered at the port
1,616
$631,2' 6
5,527
$974,6' 8
3,562
imports of
The
864
19;464
$255,652
847^208
$1,102 860
China
Earthenware..
Glass
.
211,440
33,01)5
Glassware
Glass plate
Buttons
Coal, tons
Cocoa bags.....
Coffee, bags
Cotton, baleB
Drugs, Ac—
Bark, Peruvian.
Blea. powders..
Cochineal
Cream Tartar...
Gambier
Gum, Arabic...,
Indigo
MadderAExt.of
Oil, Olive
Opium
Soda,bi-carb...
Soda, sal
Sodaasb
Flax,
Furs
4,85'J
8,lo2
128,042
21.243
1,722,701
5,852
•
•
•
Hair
15,272
3,635
5,476
5,724
36,038
919
in
Hides, dressed..
India rubber
Ivory
Jewelry, Ac.—
Jewelry....
Watches....
Linseed
Molasses.
.
Same
Jan.l,’78
time 1877
3,S82
3,702
614
Lead, pigs
6,835
Spelter, Tbs
1,047,347
Steel
Tin, boxes
Tin slabs,lbs...
78.397 Paper Stock
6,463
22,563
1,722,6.38
Sugjar, hhds, tcs. A
4,949 Sugar, bxs A bags.
20,334 Tobacco
26,901 Waste
4,369 Wines, Ac—
39,976 Cigars.
1,638 Corks
63.068
3,207
4,976
6,492
1,339
4,842
44,891
1,748
2,478
62.974
..
Fancy goods..
....
Fruits, Ac.—
Lemons
.
....
108.884
917,862
46,333
574,023
531,257
2,285,161 2,815,754
969,195
891,174
91,668
123,962
31,606
63.700
790
94,100
125/234
43,083
$
$
1,517.351
1,284,550
59.746
Fish
1,208
1,016,311
10,054,202 10,792,317
127,166
1*3,453
4S7
60,430
Wines
5,482 Wool, bales
.4.727 Articles
reported by
6,466
value—
63,C4(
66,391
41,834
1,192.661
56,528
Champagne,bkt-.
21 087
5,659
Bristles
Hardwaie
7,681
P77
09*J
t l
*
162,014
Hides, Ac—
35,841
•
1,555
Hemp, bales
14.432
39,548
309,149
Tea
45,230
29,459
3,876
7,05-
Qunny clotb
15,360
37,132
1,116,003
62,725
664,053
904,318
539,545
1.379.713
998,745
Oranges.
1,116,557 I,295,731
942,137
670,659
2,S5?
Raisins
1,388.791 1,448,697
145,731 Hides, undressed.. 10,422.073 II,895,196
4,325
Nuts.,
Rice
1,772 Spices. Ac.—
271,028
lfi° 993
57,068
78s
2,616
565
509
216,468
80,899
381,029
90,330
Hops
Leather
Lead
Molasses
Molasses
Naval Stores—
63,278
9,443
bbls.
bbls.
bbls.
Ginger
Pepper;,
Saltpetre
61,827
,,,
Woods—
Cork
Fustic
Logwood
Mahogany.......
377,631
239,123
228,009
23, er o,92i
1,925,287
33,911.130
12.041,327
8,531,911
652,247
765,193
4,260.089
37,833,370
14,339,437
6,265,412
679,812
901,562
37,836
286,891
183,787
149,594
164,498
213,627
111.178
123,676
117:815
84,333
4,244,890
4,333,830
304,916
157,190
93,018
50
2,303
72,331
376,281
21,335
3,246
451,141
17,775
116,084
3,491
77,303
3S2,071
22,392
4,966
1,633
425
1G0
Oil, lard
Oil, whale
9,146
bbls.
475
•
Peanuts
•
•
3,980
Provisions—
Pork...
6,416
Beef
Cutmeats
Butter
Cheese
931
50,677
23,468
42,526
4,433
Egg?
tcs. & bbls.
80,045
1,720
2,847
Rice.
533
210,012
56,375
1,342,832
1,240,455
3,103,8:3
4.-9,447
736,563
44,974
24,573
174,173
48,788
7
792
Sugar
Sugar
20,481
1.354
.....
hhds
Tallow
Tobacco
Tobacco
fcxs and
.
cases.
1,972
3,714
2,516
bbls.
5,898
2(9.777
1,520
85,904
21,173
84,334
207,521
142,966
905
.
Wool
18,475
88,531
42.002
2,732
2,434
..
351.375
76,860
’
..
478
9,963
481
Oil cake
Stearine.
3,422,015
193,586
61,576,099
33
1,010,512
1,238,283
.
c
2,378,384
467,039
432,548
41,128
75,177
37,966
18,547
846
13,740
71,090
195,540
98,684
154,634
102,440
Exports of Leading Articles of Domestic
Produce.
The
following table, based
298,413
of
January 1878 to the
same
in 1877.
day, and for the corresponding period
&
•
Week ending Since Jan. 1, Same time
Dec. 17.
1878.
last year.
...bbls.
Ashes, pearls
50
10
Beeswax
Breadstufls—
...bbls.
Flour, rye
Corn meal
253,426
45,000
630,724
57l,96e
109,673
54,126
386,442
32.529
1,457,850
53,062,873
20,515,250
2,013,554
3,636
•
.
Corn
Candles
•
Domestics.
4,277
526,302
-
511
..bales.
5,008
3,316
pkgs.
972
..bales.
.
Nav^l Stores—
Crude turpentine
.
1,498
bbls.
Spiiits turpentine
Rosin
Tar....
Fitch
64
:
.
.bbls.
1,541
28
25
Oil cake
Oils—
Whale
Sperm
Beef....»
4,010,981
3,649,510
7,437
212,343
250,004
1,518,667
433,214
2,129,024
26,389,871
25,847.323
48,151
51,654
438 299
137,379
58,713
47,759
479,716
48,583
£6,208
387,741
96.326
48,010
65,670
135
200
16,6*7
235,321
7,768
2-3,822
5,538
224.070
10,643
44,616
1,269,m
50,106
3,091,038
26,973
467,938
603,956
1,201,293
10,726
9?,900
317, £25
,
Lard
Linseed
Petroleum
Provisions—
Pork
Beef
Cheese.
Lard
Rice
Tallow...
lobacco. leaf
Tobacco
•
...tons.
..
Hay
Hops
CutmeatB...
•
1,198
Coal
Cotton
271
2,495,769
4,302
196,1643
Barley
Peas.
1,380
62,603
40.516
Oats
250
129,009
895,921
Rye
1.489
160,982
67
Wheat
,
1,802
3,214
.
.
,
27,265
376,868
....gals,
...gals.
2,818,965
197,704,309
224,807,468
...bbls.
4,437
602
947
234,960
.tierces.
180,184
38,500
251
12,644,745
.
Batter
121,164
116,186
460,120
419,354
Custom House returns, shows
upon
the exports from New Vork of all
leading articles of domeftic
produce for the week ending with Tuesday last, from the 1st
Flour, wheat
Cutlery
7.000
4,640
1,594
2,264
Ashes, pets
Since
Metals, Ac.—
^Earthenware—
bags.
80,683
Leading Articles.
Since
Same
Jan. i,*78 time 1877
*2,123
1,346
4,431,930
51,014
following table, compiled from Custom House returns
■hows the foreign imports of
leading articles at this port' since
January 1, 1878, and for the same period iu 1877:
China, Glass and
bbls.
Whiskey
181
98
56
Total
Add ent’d for cons’mp’n
25,712
Cotton reed oil
Flax seed
Grass seed
Hides
Hides
Hogs, dressed
270,965
847,208
2,678
43,306
Peas
Cotton...
113,856
ENTERED POR WAREHOUSING DURING
SAME PERIOD.
Manufactures of wool..
Barley and malt
Spelter
2.663
5,341
57,224
125,302
50,113
66,781
10,916
Corn
Oats
Lard
Lard
9,103
5,480
Rye
$58,730
61,796
27,480
340
130,005
977,175
Rouin.
Tar
Pitch
$146,371
775
362
.bbls.
bbls.
Turpentine, crude...
Turpentine, spirits...
1878.
Value.
THROWN
THE SAME PERIOD.
Manufactures of wool..
do
do
do
1877.
Value.
132
cotton
silk
-
IP, 1878.
Flour, wheat
Corn meal
Wheat
469,646
lbs.
9,627,742
6,671,867
t.
bales and
607
1,857,855
1,486
cases.
Tobacco, manufactured....
Whalebone..
....lbs.
596
.
267,065
48,239
57,194
12,573
55.HO
449,963,117
22,555,353
131,400,213
248,749,543
170,563,239
24,396
68,349,818
24,705
,55,584,261
111,024
85,790
92,051
44,490
7,231,n?4
114,506
8,033,432
83,190
242,660,461
19,401,100
105,9*6,433
December 21,
1878.]
THE CHRONICLE.
GENERAL
Banca
Straits
PRICES CUIiKENT
ashksPot£ first scrt
4X0
BREADSTDFFS—8ee special report.
BUTTER—(Wholesale Prices)—
Palls, good to choice State
W
7xa
“
COAL...
Anthracite—The following
or pret eat schedule
last auction
Penn.
D. L.<fc W.
....@ 8 OJ
n ooa
will show prices at
....
rates:
D.&H.
Schednle.
§ L. & w.
Auction.
Schedule.
Schedule.
Wee..ec. IS.
N. Y.
Port
hawKen.* Hoboken.
Harbor.
Johnst’n.
St’mb... $2 60
|2 37X«2 45
2 60
Grate.... 2 60
2 5* @....
2 70
Egg <.... 2 60
2 67X<0i 70
2 85
Stove.... 3 05
2 95 @3 00
3 20
Gh’nut... 2 60
2 42K@
2
•
60
40 cents additional for
delivery at New York.
§ L. <fc W. quotations are for Wilkeebarre
coal.
'
...
COFFEKtfio, ord.
car
do fair,
do good,
do prime,
gld.Vtt
gold. •*
do
do
do
gold.
gold.
11
141
i4<
15!
25
18
gold.
gold.
“
••
Laguayra
gold.
gold.
gold.
gold
“
“
“
gold.
“
gold.
gold.
“
14
*
15
Mexican...
Jamaica
Maracaibo
8t. Domingo
Savanllla
Costa Rica
•
3
14*3
28x4
16. 3
15 0
BoltS
14
0
©
17
16>
13
17
18
3
@
26
3
14X^
12 <3
V lb
Sheathing, new (overl2 02;
Brazlers’(over 16oz.)
28
@
American Ingot. Lake......
COTTON—See
17
UXo.
COPPER-
28
16
15X3
Montevideo,
do....
do....
do....
do....
do....
Corrientes,
Rio Grande,
Orinoco. •
California,
Matamoras.
do
19 3
....3
....a
18 3
18 3
*•
M
M
“
"
“
..
Pig,Amerlean, No.l
Pig,American,No.2
Pig, American, Forge
10
7
Ralls, American
Steel rails, American
MOLASSES—
7)
9
9
....3
....3
9)
12
9
83
8)
3 19 CO
3 16 53
3 15 50
;<
10X0
3X0
ton, car. 34 00
grocery grades.
Barbadoes
Demerara
Porto Rico.
N. O., com. to prime
Nominal.
Nominal.
“
“
32
28
“
NAVAn STORES—
low No. 1 to geod Ho. 1
low No. 2 to good Ho 2
low pale to extra p He..
“
“
window glass
OAK DM—Navy.U.S.
i OILS—
*•
115
“
60
27
Fair
Interior
Burry
South
Am.Merlnc, unwashed
Cape Good Hope.nnwashed
Texas, fine. Eastern
c8
42
RKPRB9KNTBD
."S3
w
20
@
@
15
22
19
0
0
STB AM.
8. d.
S. d.
12
104 Wall St., New York*
John Dwight & Co.,
18
Cotton
V ».
Flour
31 bbi.
Heavy goods. .V ton.
Corn.bHk & bgs. V bu.
Wheat, bulk & bags..
Beal ......
V tee.
Pork
» ib.
X ® 9-82
3 i)
22 6
@15 0
5X@
.<•
@
14
SAIL.- —
d.
....0
1 9j
17 6 ,
....3
8,
8,
....0
SODA.
.
X
No.
....
The
....
....0
3 9
OP
—,
'
2 0
22 6
....*
....
SITPE R -CARBONATE
„
—
Liybbpooi,:
4
3
.
; 90
46’
1
2 40
11
Old
Slip, New York.
Jobbing Trade ONLY Supplied.
....
....
Miscellaneous.
Commercial Cards.
ROGERS’
George A. Clark & Bro.,
GROUPS.
$10 & Upwards;
at the Fair*
A NEW GROUP.
PRICE,
JHILWARD’S
400
HELIX
NEEDLES.
BROADWAY, NEW YORK.
Brinckerhoff, Turner
&
father to buy a neckiace.
y packed for transportation
IJluitrate
catalogues may be had on application, or.
by enclosing td \ cents to
will be mailed
Co.,
JOHN
1155
Naphtha,City, bbls
“
“
"
Also, Agents
United
States
Banting Company.
supply all Widths and Colors always 1n stock
No. 109
Duane
His Celebrated
Street.
E. R. Mudge, Sawyer&
FOR
Co
Joseph Gillott & Sons*
Wire
Mills,
and
15
PHILADELPHIA,
mess, West
mess, new
mess, new
“
“
Bacon, West, long clear
V
“
..
Lard. City steam, ••«*••*«•••••••• **
SUGAR-
common
Fair
Good refining
refinlog.... ft
BOSTON,
HOISTING
,
“
Hard, powdered
••
do
Yellow*.*. ".V.V.*. *"*
Molasses sugars. .7.*. ,*.*,*.’’,*.*,**
•
**
•*
“
••
“
•»
^
m
*•
7X
5-W
«
5V3
6X»
“
Refined—Hard, crushed
granulated
cut loaf
Coffee, A, standard
do
off a
White extra C
Extra C
*
MQfl
*• * •••••••«••••
....3
7 3
Q
<
(
(
1
6X3
6X»
6X0
7X@
4
1
'
|
r,
3
6X3
7X3
CXi
Dsa
SX3
8x0
9*3
(
1
A large stork
Ropes, &c.
constantly on hand fro m
which any desired length
are cut. FLAT STEEL AND
<
..
IRON ROPES for MlnlrgL
purposes manufactured to
order.
N. H.
JOHN W. MASON & CO.,
43 Broadway, New York.
W. G. MEANS,
Treasurer,
40 Water street, Boston
Financial.
Albert E. Hachfield,
MERCHANTS
Hons Kong, Canton,
Amoy, Foochow
Shanghai and Hankow, China.
Boston Agency,
1
1
New York Agency,
S.W. POMEROY Jr.,
105 Watrb St., N. Y
18
WALL
STREET, NEW YORK.,
deals
nr
First-Class Investment
CITY BONDS OF
ALL
Securities,
KINDS,
..
..
..
8X0
8X3
7 xa
"7X0
6X0
6
Steam
SHIP AGENTS,
J. MURRAY FORBE8,
30 Central Stbkkt.
//Ships’ Rigging. Suspension
'*<1/1 Bridges, Derrick Guys,Ferry
Russell & Co.,
COMMISSION
AND
Also G»l
JvaDlzed Charcoal and BBfor
Works,
MANCHESTER,
PURPOSES, In.
cltned Planes, Transmlsnon.
lof Power, Ac.
Amoskeag
Engines,
ARESTAS BLOOD,
Superintendent,
Manchester, N. H
CHARCOAL,
of
superior qnaUty
suitable for MINING ANIL
Chaunoxt St.
and
Fire
..
0.
"
do
....0
9 50 @ 10 00
10 50 0 11 GO
14 50 3 15 0J
“
Porto Rico, reftn., fair to prime "
Boxes, clayed, Nos. 10012.
Ceotrifugi NOS. 7@13
•*
Melado
Manila, gup. an d ex. snp
•*
Batavia. Nos. 1U012
“
Brazil, Nos. 9011
“
Locomotives
•
•
Rope.
IRON
J. *• W. DAYTON. 230 CHK8THUT
Stbkkt.
Locomotive
New york.
STEEL AND
Drawers
From Various Mills.
NEW YORK.
45 Whitk Strrkt.
351-332,
styles may be had of all dealers
throughout the world.
and his other
Mills,
Hosiery. Shirts
lumbers,
303-404-170
Saratoga Victory Mfg Co.,
AND
7 751
••0
27th St*
a
MANUFACTURERS OF
V bbl.
cor.
And all kinds of
COTTON CANVAS, FELTING DUCK, CAR COVER
1NG, BAGGING, RAVENS DUCK, SAIL TWINES
AC. “ ONTARIO ’ SEAMLESS
BAGS,
“AWN7NG BTRIPK8.’
Atlantic Cotton
“
.a
ROGERS,
Broadway, N. V.,
Plea?e state where advertisement wa* seen.
Ope a in the e venings from Dec. 18th to 24th Inclusive
COTTON SAILDUCK
Ellerton New
ilf
3
None.
l
t
6
7
t
6
$15*
lady by his side, who i
Groups secure-
loaxlrg her
Manufacturers and Dealers In
AGENTS
80
98
40
- -
The peddler Is on
horseback with
hia
box of jewelry before
him, and Is watching
wiih interest the re¬
sult of the solicita¬
tions of
the young
Washington JUllls9 Chicopee Mfg Co.,
Burlington Woolen Co.,
48
“
BY
OLYPHANT & CO., of China,
MANUFACTURERS OF
gold.
FREIGHTS—
A full
60
**
Beef hams, Western
.1
22
19
14
12
35
@
@
@
V gal.
Pork,prime
j
No.l, Pulled
California, Sprmg Clip—
Superior, unwashed
3
MANCHESTER
PROVI8ION8Pork, mess,spot
Pork, extra prime
1
45
to
35
"
PETROLEUM—
Crude, in bulk
Cases...,
I Refined
Inferlor to
0
3
8j
“
“
**
“
“
i
Hams,smoked
4 00
*•
Lard oil. Nos. 1 and 2
Beef, extra
**
gal.
Sperm,crude
Sperm, bleached winter
Beef, p’ain
“
1 80
145
2 t2!
Navy & best»lb.
Cotton seed, crude...
Olive, m casks V gall
Linseed, casks and bbls
Menhaden, crude Sound,....
Neatsloot, No. 1 to extra
Whale,bleached winter
Whale, crude Northern
33
....3
*•
....
4
0
0
31
"
10X
0 35 00
0 44 00
43 00
Tar, Washington
;.V bbl. 2 25
Tar, WllmingtoB
“
2 25
Pitch, city
“
l 80
Spirits turpentine
V gal.
28
Rosin,
strained to good strd.f) bbl. 1 35
••
>
SO
28
36
SO
17
Hong Rons, Shanghai, Foochow and
Canton, China.
6*
3
15 50
14 50
Cuba, clayed
f) gal
Cuba, Mus.,refln.gr’ds,50test. “
do
y a. 6 11-160
Extra,Pulled
1 o
Co.,
MERCHANTS,
19
3
0
a
.
Sheet, Russia
...gold.fllb
Sheet,single,double* treble,com.
4
COMMISSION
17
21 00 3 2.* ‘0
Store
Bar,Swedes,ordinary sizes..V ton. 130 00 Prices,
3132 50
8croll
V lb. 2 5-100
5
Hoop, Xx.No.22 to l&lXx 13&14 “
5@ 2 3-10
]
Olyphant &
18)
18)
V ton. !6 59
Pig, Scotch..
i
82X
1 20
18
40
@
@
18
IRON--
i
@
0
23
19)
18X0
16X3
WetSalted—Buen. Ay, selected “
Para,
do....
••
California,
do....
"
Texas,
do.... cur.
E. 1.stock—Cal. kips,olaught. gold
Calcutta kips, (leadgreen...
“
Calcutta, buffalo
**
1
as
BOSTON*
Post Office Box 2,634.
The Peddler
Dry—Buenos Ayres,selected.^ibgold
'
Exchange Place,
special report.
HIDES—
••
6
79
75
11
14
14
35
9
10
4
Prime city
WOOL.—
American XX
American, Nos. 1 & 2
American .Combing
Smyrna.unwashed
10X0
NativeCeylon
Java, mats
•*
5
12X
@
0
7
Parker,
COMMISSION MERCHANT,
Texas, medium, Eastern....
14
“
“
"
••
Charles E.
TALLOW-
Llverpoolgae cannel
Liverpool housecannel
..
10
fillers, ’76-^77.
Pa. assorted lots,’76-*77
lara, I and II cuts, assorted
Havana, com. to fine
Manufac’d,In
bond, black work
“
“
bright work
“
“
factory,prime to ch olce....
Western factory,g’d to choice..
8X@
5X0
to fine.
Eng.wrappers*76-’77
do
State
!
....
“
CHEESE—
do
3
20X
15X3
16
«•
15v®
Vbxgd. 5 80 @5 50
'*
5 15 3
6 00
TOBACCOSeed leaf—New
“
“
Commercial Cards.
20
“
Kentucky lugs, heavy
«
leaf,
com.
V lb.
West’n creamery n’d to ch
Welsh, State, good to prime....
Western dairy, lair to pr.
;
gold.??lb
English .refined...
Plates. I. C., coke
Plates.char.terne....-,
V ».
...
661
TIN —
Hong Kong & Shanghai
Banking
Corporation,
Office, Hong Rons.
Head
AGKNT,
8. W. POMEROY Jb., 105 Watrb
St,, N. Y.
Railroad Bonds
and
all
Southern
Seourittrs
Descriptions.
WANTED.
Southern Railroad Bonds, all kinds.
Toledo Logansport & Burlington Bonds.
Kansas Pacific Kailroa*. bonus.
Union A Logunsport Bonds.
;
IndiALapeiU A Vincennes Bonds.
.
THE CHRONICLE.
662
[Vou XXVIL
Southern
Boston Bankers.
Financial.
rHOS. P. MILLER,
NEW
OF
YORK,
Broadway, Cor* Rector St*
No* 73
CAPITAL,
Loan & Trust
No.
~
-
-
Massachusetts
CO.
UNION TRUST
-
.
Chartered
HAS SPECIAL FACILITIES FOR ACTING AS
Transfer
Agent and
Registrar of Stocks*
Administra¬
Authorized by law to act as Executor,
tor, Guardian, Receiver, or Trustee, and
is a
LEGAL DEPOSITORY FOR MONEY*
Interest allowed on Deposits, which may be made
and withdrawn at any time.
N. B.—Checks on this institution pass through the
COMMITTEE.
Allow
Interest
No.
securities.
CHAS. R. MARVIN, Vice-Pres t.
Edgar M. Cullbn, Counsel.
TRUSTEES:
J. S. Rockwell,
Henry Sanger,
Alex.McCue,
John P. Relfe,
Chas. R. Marvin, A. A. Low,
Thomas
C.
C.
BANKERS, No. 12 WALL STREET
AND
BONDS,
GOVERNMENT
SELL
GOLD,
MISCELLANEOUS
STOCKS
Geo. Wm. Ballou.
LOAN
TO
ON
8 WALL
SECURITY
10
to
New
Also, Western Securities. A Choice Invest
Address, for full particulars.
D. H. TALBOT,
Prentiss,
Geo. H.
Room 23.
30
A
BROAD
STREET.
STOCKS
GAS
S.
7
A
In any part of the world. Draws Exchange,
and Inland, and makes Trans.'ers of Money
CONGRESS
Bankers, London, SMITH, PAYNE & SMITHS,
STREET,
STREET.
and
The Bank of
Orders executed
on
Commission at Brokers
Board
Auctions, and Private Saie.
Parker &
BANKERS,
73
Buy and Sell
County Bonds.
BANKERS,
STREET
AGENTS FOR THE BANK OF CALIFORNIA,
Western
City
No. 12 Pine St., New York.
and
Receive deposits and transact
Chas. A. Sweet & Co.,
STATE
a general banking
business; execute orders at the N. Y. Stock Exchange
for Stocks, Government, State, Municipal and Rail¬
road Bonds and Gold.
Particular attention given to the pur¬
chase and sale of Minins Stocks in San
Francisco, for which we have the best
STREET, BOSTON.
facilities; also all other California Securities.
DEALERS IN GOVERNMENT SECURITIES, Gold
State, City, County and Railroad Bonds.
Issue Bills of Exchange, Letters of Credit and Tele¬
graphic Transfers on London, Yokohama, Shanghai,
Hong Kong, Honolulu, Virgiuia City and San Fran¬
cisco.
Bankers.
THE
J. Bell Austin,
8TOCK
203
BROKER,
WALNUT
WALNUT PLACE (316
Anglo-Californian Bank
(LIMITED),
ST.),
LONDON, Head Office, 3 Angel Court.
PHILADELPHIA.
Orders in Stocks and Bonds promptly executed at
the Philadelphia and New v ork Boards.
Wilson, Colston & Co.,
BANKERS
AND
BROKERS.
BALTIMORE.
INVESTMENT
ipecialty.
Correspondence
and
VIRGINIA SECURITIES
solicited
and
SAN FRANCISCO Office, 422 California
Authorized Capital,
-
-
Paid-up and Reserve,
-
information fur*
dished.
N. Y. Correspondents—McKlm Brothers ft oo.
Transact a General Banking Business, Including the
purchase and sale of STOCKS, BONDS and GOLD
for cash or on a margin.
Investment Securities For Sale*
P.
A. M. Ktddxb.
O.
BOX 2,647.
C. W.MoLellan, Js.
W. Tea s,
general Banking business.
mercial Credits and Bills of Exchange,
FRED’K F. LOW,
) Manaaers.
1GNATZ STEINHART,)
P. N. LILIENTHAL. Cashier.
"lana8era*
THE
York*
$6,000,000*
1,7CO,000.
Issue Com
available In all
parts of the world. Collections and orders for Bonds.
Stocks, etc., executed upon the most favorable termsTransact a
a
St.
Seligman& Co.
NEW YORK Agents, J. & W.
COR. OF WALL STREET AND BROADWAY
New
Gold, $5,000,000.
up in
Laidlaw & Co.,
BOSTON,
SPECIALTY.
BANKERS,
Capital, Paid
Stackpole,
DEVONSHIRE
California, San Francisco.
ALVOKD, President. THOMA3 BROWN, CashY
B. MURRAY, Jr., Asst. Cashier
WM.
Investment Securities constantlvon banc.
Stocks
t/UiJIjmGuiw
d6Co.
New York, The BANK of NEW YORK, N.B,A.
Commercial
oaper.
40
UNION BANK OF LONDON,
do
do
Mass.
Stocks. Bonds, Gold
Southern
Cash paid at once for the above Securities; or they
will be sold on commission, at seller’s option.
such securities at due dates.
da
Dealings in
Insurance
f
BANKERS,
BANKERS
Bailey,
PINE
CHRISTENSEN,
l Agents
GEORGE L. BRANDER,
°
Issue Commercial and Travelers’ Credits available
Foreign
by Tele¬
graph and Cable. Gives special attention to Gold and
Silver Bullion and Specie, and to California Collec¬
tions and Securities; and arranges to pay Dividends
SPECIALTY.
Brooklyn Securities Bought and Sold
E.
35
Dealers In
City, Iowa*
Reference.—First National Bank, Sioux City, Iowa
Agency, 62 Wall Street.
DEALERS IN
Brewster, Basset & Co.,
and Warrant Broker,
Sioux
FRANCISCO.
C. T.
Boston,
IN
SAN
New York
on
12 Per Cent Guaranteed.
General Land, Scrip
OF
Capital, paid up.,.. $10,000,000 Gold.
Surplus, (invested in
U. S. Bonds)
“
3,500,000
Boston.
BANKERS AND
Bank
Nevada
The
72 DEVONSHIRE ST.,
York,
AN
FOR SALE.
A Choice lot of Lands in different parts of the
West.
ment.
California Banks.
George H. Holt,
Member N. Y. Stock Exchange.
STREET,
Money
APPROVED
25,000.
BUILDING,
Geo.Wm.Ballou&Co
SECURITIES.
fOWA, NEBRASKA AND DAKOTA.
$75,000.
the Metronoltto.n National Bank.
Boston, Mass.
No.
Wanted
ROCK, ARK.
Prompt attention given to all business in our line.
N. Y. Correspondents, Donnell. Lawson & Co. and
Municipal Bonds.
Hatch & Foote,
Bank,
CAPITAL (Paid-in)
BROKER,
SIMMONS’
H.E. Pierrepont, Dan’l Chauncey, John T. Martin,
Alex. M. White,
Joslah O. Low, Ripley Ropes,
Austin Corbin,
Edmund W. Corlies.
Wm. R. BUNKER, Secretary
BUY
PLACE,
Jackson,
STOCK
Henry K.Sheldon
Sullivan, Abm. B. Baylis,
LITTLE
Surplus
Religious and charitable institutions, and persons
unaccustomed to the transaction of business, will find
this Company a safe and convenient depository for
money.
RIPLEY ROPES, President.
STATE BANK, ) C. T. Walxbb
\Incorporated 1375. J
Cashier.
J
German
BOSTON.
trator.
It can act
erns tnt and ether
0. F. Pbnzel,
President.
BROKER,
EXCHANGE
7
Collections made on all parts of the United States
SOLICITED.
AND
Bank,
WILMINGTON, N. C.
Peck,
F. H.
Montague & Clinton sts., Brooklyn, N. Y.
as agent in tbe sale or management of real
estate, collect interest or dividends, receive registry
and transfer books, or make purchase and sale of Gov¬
First National
payments made before
CORRESPONDENCE
A: K. Wadkbb,Cashier.
hi. 5. Burruss, Prefl’t.
maturity of loans.
Brooklyn Trust Co.
Company is authorized by special charter to ac t
receiver, trustee, guardian, executor or adminis¬
all
on
BANKER
Thl6
as
Correspondents. — German American Bank, New
York; Louisiana National Bank, New Orleans; Bank
of Liverpool, Liverpool.
Loans made upon time on Staple Merchandise,
either upon isills of Lading or Warehouse Receipts.
Exchange of Collateral, or prepayments in part or
for entire loans allowed.
J. H. OGILVIE, Secretary.
Cor. of
Special attention paid to collections, with prompt
remittances at current rates of exchange on day of
jaymest.
------$500 000.
GEO. WOODS RICE.
STEPHEN M. CROSBY,
President.
Treasurer.
J. M. McLean,
Samuel Willets,
Augustus Schell,
Wm. Whitewright,
E. B. Wksley,
Geo. Cabot Ward
G. G. Williams.
The
BANKERS,
ALABAMA.
1870*
in
JNO. W.MILLKB,
MOBILE.
CAPITAJL,
Clearing-House.
EDWARD KING, President.
J. M. McLean, 1s< Vice-President.
Wm. Whitkwbight, 2d Vice-President.
EXECUTIVE
Company,
SQUARE,
BOSTON.
$1,000,000.
K V. WILLIAMS,
CHAS. B. MILLER.
Thos. P. Miller & Co.,
OFFICE
POST
18
Bankers.
CITY
BANK
OF
HOUSTON,
Capital, $500,000,
H ouston,
We give special
sible points.
J. Alden
Gaylord,
St., New York,
Texas.
J
attention to collections on all acces¬
Directors.—Benjamin A.Botts. Pres’t: C. S. Longcope, W. J. Hutjhlns. F. A. Rice, C.C. Baldwin, W. B,
Botts, Rob’t Brewster.
BENJ. A. BOTTS, Pres’t.
B. F. WEEMS, Cashier.
33 Wall
DBALBB
ST. LOUIS CITY A
IN
-COUNTY BONDS
AND ALL CLASSES
OF
,....
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SECURITIES
INVESTMENT & MISCELLANEOUS
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