Full text of Commercial and Financial Chronicle : December 25, 1880, Vol. 31, No. 809 [Copy 1]

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MAGAZINE.

MERCHANTS’

HUNTS

$ W^^Itta $JUwie:j»ape*,
COMMERCIAL INTERESTS OF THE UNITED STATES.
LEntered, according to act of Congress, in the year 1880, by Wm. B. Dana & Co., in the office of the Librarian of Congress, Washington, D. C.]

REPRESENTING THE INDUSTRIAL AND

in transit

CONTENTS.

relief
THE

CHRONICLE.

Central and Erie Compared... 662

Hepworth

THE

BANKERS*

Banks, etc
THE

GAZETTE.

j Investments, and State, City
r

668

and Corporation Finances.

674
674

..

671

|

COMMERCIAL

Commercial Epitome
Cotton

667

| Quotations of Stocks and Bonds 670

Money Market. U. S. Securities, Railway Stocks, Foreign
Exchange, New York City

TIMES.

680

j Breadstufts
| Dry Goods

681

3?Ixje (&\xronitlc.
The Commercial

and

Financial Chronicle is issued every Satur¬

day morning, with the latest

news up

to midnight of Friday.

[Entered at the Post Office at New York, N. Y.,
mail matter.]

as

Europe, have been the causes of the

experienced.

second-class

the special feature of the

legal tenders and silver certifi¬
Chicago,
The condition of exchange has
been such as to permit this transfer, but not sueh as to pay
the expense of moving gold.
It will be remembered that
when the demand for the West was most active, and after
the East had been drained of legal tenders, some banks
exchanged gold for silver certificates to save the cost of
transporting coin. In this manner about $3,500,000 cer¬
tificates were procured, and sent West and South.
Now
they are returning like bad pennies to plague the issuers,
and the question' is what shall we do with them.
The
Treasury will not reconvert them into gold, the banks will
not accept them through the Clearing House, so it only
remains for the receivers to keep them until they can be
absorbed by the payers of customs, and thus returned
where they came fiom.
Besides this movement from the interior, there have been
arrivals of $2,037,000 of gold from London and $500,000
from Havre, making for the week $2,537,000, and leaving
in transit $2,000,000 from London and $220,000 from
A further sum of £90,000 is reported as drawn
Havre.
from the Bank of England for shipment on Wednesday, but
week has been the return of
from

cates

News

664

the Irish

665

Commercial and Miscellaneous

Ireland and

on

from

In the domestic movement,

Commercial

and
English News

Monetary

661

The Financial Situation
Dr.

NO. 809.

SATURDAY, DECEMBER 25, 1880.

VOL. 31.

-

TERMS OF SUBSCRIPTiON-PAYABLE
For One Year

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subscription in London (including postage)

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IN ADVANCE:

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and

iu

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and single copies of

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the paper supplied at Is. each.
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\

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WILLIAM B. DANA 8c 00., Publishers,

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A neat file cover is furnished at 50 cents;

postage on the same is

17 cents.

Volumes bound for subscribers at $1 20. A complete set of
the Commercial and Financial Chronicle—July, 1865, to datecan be obtained at the office.

was

for Canada.

The Bank this week shows

£194,000 bullion, with

we

have indicated the

have turned at length into a permanently easier
money market.
No attempt has been made during the
week to interfere with this natural tendency, and if
manipulation had been resorted to, it is more than likely
that it would have been unsuccessful.

Arrivals of

gold

from

abroad, a decided diminution in the outflow of cur¬
rency to the interior with an actual turn in the current
at some points, besides
the expected heavy disburse¬




December 24,1879.

Gold.

Silver.

Gold.

Silver.

£

£

£

£

past two weeks, the conditions

appear to

ments

loss-

a

December 22, 1880.

THE FINANCIAL SITUATION.
As

a

reduction in the proportion o£
reserve to liabilities to 42 9-16 per cent, the lowest it has*
reached since the beginning of the year, when it was at 39*
per cent, but at that date the coin and bullion was £27,629,023. By cable we have also obtained the returns for
the week of the bullion movement in the Imperial Bank
of Germany and the Bank of France, and give this par¬
ticular item of the three institutions below, comparing it
with similar figures for a year ago.
This statement indi¬
cates pretty clearly that the money markets of Europe are
far from being in a satisfactory position, and warns us that
Europe at some not very distant day must put a stop to
this efflux of gold.
of

published at 25 cents per line for each
insertion, but when definite orders are given for five, or more, insertions,
a liberal discount is imwle.
Special Notices in Banking and Financial
column 60 cents per line, each insertion.
are

London and

this

of the Government next week

and

more

gold

Bank of

24,750,245
27,424,604
22,053,953 49,280,109 29,300,000 50,341,000
9,012,000 17,000,000 10,402,000 17,000,000

England

Bank of France

Bank of Germany
A

55,816,198 66,280,109 67,126,604 67,341,000
previous week.... 55,653,539 66,214,189 67,254,350 66,761,000

Totals this week
Totals

ty* The above gold and silver division of the stock of coin of the
is made on the authority of an article in the London,
Economist, some months since. Of course it is merely popular estimate,
as the Bank itself gives no information on that point.
It is, however,
believed to be approximately correct and wholly sufficient for the pur¬
poses of the above comparison.
Bank of Germany,

6t>2

THE CHRONICLE.

The above discloses the fact that the international

GROSS EARNINGS SECOND WEEK OF DECEMBER.

com-

of

Europe is at present transacted on a basis of
million pounds, and that this gold reserve
has decreased about 11 million pounds, or 55 million
dollars, during the year. No one can ignore facts like
these in forecasting the future, and they should prepare us
to expect some decided change in the monetary arrange¬
ments of Europe before long, or else a constantly
increasing
merce

[Voi. XXXI.

1880.

about 56

sensitiveness.

What has been said above accounts for the
condition of

improved

banks, as shown by the statement made
public on Friday this week, instead of Saturday, a
holiday. The supply of gold to the banks through the Assay
office was $982,000 on Wednesday for the gold deposited
last Saturday, and $1,727,837 on Thursday for the
gold sent
in on Monday.
Checks for $1,850,000 passed through the
Clearing-House last Saturday. This makes a supply of
$4,559,837 indirectly from importations ; but as during
the week no gold has been sent into the depository of the
associated banks, it was evident that this supply had not
been very largely in excess of the demand.
The Treasury
operations for the week, deducting transfers of $3,942,531
on Monday and Tuesday
(which consisted of gold from the
our

Mint and silver certificates from

$

Burl. Cedar

Rapids & Northern
Chicago & Alton
Chicago <fc Grand Trunk*
Chicago & Eastern Illinois
Chicago Milwaukee <fc St. Paul..
Chicago 8t.Paul Miun.&Omaha

42,984
145,514
28,153
29,817

310,000
35,965
22,041

Cincinnati & Springfield
Clev. Col. Cin. & Indianapolis..
Clev. Mt. Vernon & Del
Denver & Rio Grande.
Des Moines & Fort Dodge

94,543
8,198

88,601
8,918

Dubuque & Sioux City

Flint & Pere Marquette
Grand Trunk of Canada*
Great Western of Canada!
Hannibal & St. Joseph
Houston & Texas Central
Iud. Bloomington & Western
International & Gt. Northern..
Lake Erie & Western
Louisville & Nashville
.

24,366
32,955
204,367
102,192
58,394
130,813

Missouri Kansas & Texas
Northern Pacific (East’n Div.)..
Peoria Decatur & Evansville..
St.Louis Alton &T.H.(main line)
Do
do
(branches).
St. Louis Iron Mt. & Southern..
St. Louis & San Francisco
St. Paul & Sioux City
St. Paul Minn. & Manitoba
Scioto Valley
Wabash St. Louis & Pacific

Total
Net increase «.20-79 per cent)..

Increase. Decrease.

$
37,330
141,644
14,824

18,758
236,703
33,236
19,467
86,012
18,683
29,353

,

73,297
*2,729

485

59,248

5.978

2,940

19,535
24,359

4.831

189,269
100,148
56,740

15,098

2,044
1,654
13,836
6,338

116,977

53,575

8,941

23,426
216,700
44,723
83,759
44,400

12,312
163,500

11,114
53,200
9,210

21,849
22,790
189,900
59,461
33,153

23,254
14,623

35.513

9,113

92,872
20,327
4,721

24,u73
3,351

1,405
8,167
5,171

184,729

57,301
20,149
36,530
8,064
222,657

2,160
13,00^
42,871

2,550,782 2,111,612

451,569
439,170

259,682

Week ended Dec. 11.

*••.»**•

8,596

20,093

79,401
6,668

....

2,574
8,531

62.516

8*072

$

$
5,654
3,870
13,329,
11,089

26,431

.

Memphis & Charleston

*

1879.

.

•

...

-

“1,396

37,025

12,399

t Week ended Dsc. 10.

Washington), show a loss,

CENTRAL AND ERIE COMPARED.
gain to the banks, of $1,669,412. This
The reports of the Vanderbilt
includes payments by the Assay office, and also pay¬
roads, New York Cen¬
ments for bonds purchased, which latter amount for the tral, Lake Shore, Michigan Central, and Canada Southern,
week to $61,000, making $2,948,000 since December 1. presented this week, are extremely favorable.
The
These facts would indicate that the Bank return of yester¬ Central statement is for the fiscal year ended September
day, which is as follows, was made up on a rising 30 ; all the rest are for the calendar year, with the De¬
and therefore

a

cember business

estimated. These returns show that
New York Central earaed 11*82 per cent on its stock,

average.
1860.
Dee. 24.
Loans and discounts

JDifferenc's from

Dec. 18.

last week.

$292,417,900 $293,372,600 Dec.
57,080,000
55,677,800 Inc.
Dec.

deposits
Legal tenders

267,0 >8,000
13,300,900

$954,700
1,408,200
43,000

267,629,900 Dec.

561.900

13,318,100 Dec.

17,500

Legal

$06,767,000

$66,907,475 Dec.

70,3^6,900

68,996,200 Inc.

$140,475

$3,619,900

$2,088,725

Specie
Circulation

18,431,400

Net

reserve

Reserve held

Surplus

18,474,400

1,390,700

improved state of the money market, influenced
by favorable railroad exhibits made public this week,r

there has been
ties.

an

Purchases

active demand for all investment securi¬
have been made liberally, not only to

them.

to

The investors in these securities will have

occasion for

Inc. $1,531,175

Under this
also

against 8*49 per cent last year ; the Lake Shore 11*24
per cent, against 7*24 per cent ; the Michigan Central
9*42, against 5*87 ; and the Canada Southern 6*12, against
1*06 per cent. Such
figures as these tell their own story,
and nothing that we can say would add force or effect
a

Merry Christmas, indeed.

The roads embraced
trunk
the

are

all

lines, and the influences

same

on

each.

The

trunk

lines,

at work

or

were

parts of
therefore

large volume of agricultural

produce that had

to be moved to market, the augmenta¬
tion of the volume of general freight,
consequent upon

supply the home demand, but also for Europe. Every the revival of prosperity, bringing with it also an in¬
steamer has carried out
large blocks of these stocks for crease of return traffic, and more recently the stimulus
London and for the Continent.
The following is our usual given to the passenger
Movement, all combined to swell
table, showing the relative prices in New York and Lon. both gross and net earnings, and make the year an
don, this week and last week.
eventful one in the annals of the companies. But
per¬
Dec. 20.

Dec. 21.

Dec. 22.

Dec. 23.

haps

Dec. 24.

Lond'n N.Y.

Lond'n N.Y. Lond'n N.Y. Lond'n N.Y. Lond'n
N.Y.,
prices* prices. prices* prices. prices* prices. prices* prices. prices* prices.

U.S.4s.c.

11253

con.

10009

113)4 112-53
10) H 100-94
48% 4733
om
99 49

Ill.Gent.

124-61

126

124 37

124

N. Y. C..

145-38

20-G8+

145%
52%

145 14

Reading

144)4
52%

U

S.Os.c. 100 94

Eric
2d

47 33

20-20+

113 M

101%
46%
99%

112-41

112-95

113)4

11265

100-94

10105

101%!

101-05

113)4
101%
4733
47%
99-49
9 %
12364 124%
144-90
145%
23-08+
52%

48-35

48-47

100-56

10153

48%
109%
125*22 124%
116 01
145%
25 98+
0214

128-12
146-74

2670 ‘

113 %
101%
48%
101%

125%
140%
51%

Exch’gc,
cables.

4-83

4-83

4*83

4-83%

*

4-S3%

Expressed in their New York equivalent.
+ Reading on basis of $50, par value.

So

long as these prices show a profit on
this movement of securities abroad

the transactions,

important than all these was the restoration
a
paying basis, which were so low in the
previous year that the roads were sometimes forced to
carry freight at an actual loss.
To show what a promi¬
nent factor in the year’s business the latter influence
of

more

rates

to

need but remark that had the average rate on
freight in the case of the New York Central been no
higher than in the previous year, that company would
have had both its gross and net
earnings diminished by
over $2,000,000,
equivalent to "about two and a quarter
percent on each share of its stock.
The Central report being complete for its fiscal
year,
was, we

n^ust continue; and so it is well to make a closer examination of its statistics,
it
long
does continue, Europe must lose gold. Would it so far as
they have yet been made public. The expecta¬
not seem
likely, therefore, that the Bank of England tion, several times
expressed in these columns of late,
will go on
raising its rate until the speculation now that the
percentage of operating expenses lo earnings
in progress at London receives a check.
In the meantime would fall below 56
per cent, has been realized, for the
our railroads continue to
exhibit increased
earnings, and road was operated at but 53*8 percent. The net earn¬
offer further temptation for
purchasers. The reports for ings are thus even better than the very favorable result
the second week of this month
give the following results. arrived at by us over two months ago in assuming the
as




THE

DeCEMBEi

CHRONICLE.

663

operating expenses at 56 per cent, or about the same as in the Erie has this year a profit almost as large as the
the previous year, in order to anticipate the figures of the Central, the figures per passenger per mile
being
annual return now submitted.
As is known, only 8 per respectively 68 and 73 hundredths of a cent.
In
cent in dividends was

18752-643

actually paid, and it is now shown 1875-6 this profit to the Erie was but 25 hundredths.
that $3,281,439 of the $3,427,707 surplus remaining after Following are the Central’s passenger and
freight
dividends, was applied to acquiring new terminal facil¬ statistics for eight-years past.
It should be said
ities and new equipment.
Following is the table given that all the information we have yet been able to obtain
in our former article, with the 1880 figures corrected to about the company’s operations is contained in the
proof
sheets that were sent to the papers.
agree with the actual results.
As these do not
contain either the number of
passengers or the tons of
Operating
Year
Net
Gross
Expenses,
freight
carried
one
mile,
we
have
had to approximate
Dividends.
Surplus.
ending
Income.
Earnings. Interest, and
Sept. 30.
these items by dividing the freight earnings and the
Rentals.
pas¬
$
$
$
$
$
senger earnings by the rate per ton and the rate per
1872....
1873....
1874....
1875....

1876.....
1877....
1878....
1879....
1850....
*

17,608,804
19,603,793
21,937,031
21,683,022
20,833,512
19,635,738
20,872,109
20,802,097
22,606,693

25,580,675
29,126,851
31,650,386
29,0*27,218
28,046,588
26,579.085
28,910,555
28,396,583
33,175,913

7,971,871
9,523,057
9,713,354
7,339,195
7,213,075
6,943,347
8.038,445
7,594,435

10,569,220

7,244,831

7,136,790

7,i36,884
7,136,679
7,139,528
7,140,659
7,139,528
7,139,528
7,141,513

727,039
2,386,267
2,576,470
202,515
73,547
*197,312

898,917
454,957
3,427,707

Deficit.

The average

amount received per ton per mile on
freight was 87 hundredths of a cent, against 79 hun¬
dredths in

,

passenger.
FREIGHT.

Tons moved.

1874-75

.

1877-78

5,522,724
6,114,678
6,001,954
6,803,680
6,351,356
8,175,535
9,441,243

Tons moved

one

mile.

Rate per Cost per Profit
ton per
ton per per ton
mile.
m ile.
p. mile.
Ct8.
1-57
1*46
1-27
105
101
•91
•79
•87

1,216,650,063
1,391,560,707
1,404,008,029
1,674,447,055
1,619,948,685
2,084,355,368
2,341.473,602
2,551,720,115

ets.
103

cts.

•98

•54
•48

•90
•71
•69
•59
•54
•54

•37
•34
•32
•32
•25
•33

1878-9, which reflects the improved condition 1878-79
1879-80
of rates this year. The average cost of transporting a
FASSENGER8.
ton a mile was about the same in both years,
namely
Rale per Cost per I*rofit
54 hundredths of a cent, but the average expense
Number
per
Pas'engcrs
pass,
pass,
p. pass,
carried.
carried one mile.
train mile has risen from $1 05 in 1878-9, to $1 18 in
per mile. per m ile. p. mile.
cts.
cts.
els.
1879-80, so we are prepared to see that the average 1872-73
7,630,741
206
339,122,621
1-43
•63
number oi tons hauled per train has reached 218 from 1873-74
9,878,352
214
350,781,541
1874-75
9,422,629
2-14
1*36
338,"34,360
•78
194 the previous number.
1875-76
9,281,490
1*91
119
353,136,145
•72
The average rate received 1876-7
7
2-07
8,919,438
1*14
316,847,325
•93
was somewhat
1877-78
2-01
8,927,565
1-27
higher than that obtained by the Erie,
300,302,140
•74
1878-79
2*05
8,130,543
1-20
290,953,253
•85
but this is owing to the fact that the Erie carries from 1879-80
1-99
1*26
332,219,045
•73
three to four times as much coal as the Central, and coal
The number of tons of freight moved one mile in
has to be moved for a lower charge—it was 738
creased, it will be seen, about 210 million tons ; on the.
thousandths of

a

cent

on

the Erie in the late fiscal year.

The average amount

received by that company on other
freight was 869 thousandths, which, it will be observed,
is almost precisely the same as that received by the
Central on all freight.
Most people will note with surprise that the Erie
moved freight more cheaply than did the Central.
The
average cost per ton per mile to the former was *534
cents, to the latter *54 cents. This is the strongest evi¬
dence yet offered of the improved position which the
Erie occupies by reason of the great improvements that
have been made in its property and condition since the
reorganization of the company. The Central is such a
superb piece of property, and its facilities for handling
and moving freight are so nearly perfect, it seems
scarcely credible that the Erie should be able to do even
as well as it, in this
particular. Yet we do not see where
there is room for error. Both companies prepare their
returns to conform to the exhibit required
by the State
Engineer, and the method of making up these returns can
not differ very materially. The point
may be made that the
Central was operated at less than 54 per cent and the Erie
at above 62
That is true, but is in a great measure ac¬
counted for by the fact that the Central included in its total
earnings $4,364,7S7 of miscellaneous receipts, while the
Erie had only $619,042. The profit to the Erie,
owing
to the smaller rate received, was only 30 hundredths of a
cent on the ton, against 33 hundredths on the Central.
Even in the matter of passengers the Erie is com¬
ing down to the level of the Central. In the year
under review the expense of moving a passenger
a

mile

was

1*26

cents on

the Central and 1*36

on

the

-

Erie the increase

was

about 150 millions.

The number

of passengers

carried one mile increased about 41 mil¬
Central, and 31 millions on the Erie, but as
the passenger movement on the Erie has in past
years
been only half that of Central, the percentage of in¬

lions

on

the

the former is heavier than

crease on

Erie

had

the latter.

on

The

greater passenger movement than ever
The Central had not. The Central’s passenger

before.

a

earnings, though they were $650,000 above those of the
previous year, were more than $800,000 less than in
1873-74.
In part the falling off must of course be
attributed to a decline in rates.
On the other hand, the
Central’s freight earnings were over If million dollars
above the highest total previously made.
In order to
show at a glance the progress these two great cor¬
porations have made during the last seven or eight
years, we have had prepared the following tabulation
showing their freight statistics since 1872-73. It would
be interesting to place the passenger movement of the
two companies side by side also, but we have not room
for that.
New York Central.

Tons moved
one mile.

’72-73
*73-74
’74-75
’75-76
’76-77
’77-78
’78-79
’79-80

1,246,650,063
1,391,560,707
1,404,008,029
1,674,447,055
1,619,948,685
2,084,355,368
2,341,473.602
2,551.720,115

Erie.

Rate Cost Profit
pci'
pei%
per
ton
tan
Ion
p.m. p.m. p. m.
cts.
i-57
1*46
1-27
105
101
*91
•79
•87

cts.
103
•98
•90
•71
•69
•59
•54
•54

ets. '
•54
*48

•37
•34
•32
•32
•25
•33

Tons moved
one mile.

Rale
per

Cost

Profit

per

per

ton

ton

ion

p. m. p.m. p. rn.

1,032,986,000
1,047.420,000
1,016,618,050
1,040,431,921
1,114,586,220
1,224,763,719
1,569,222,417
1.721,112,095

cts.

cts.

1*468
1*311
1-209
1098
•955
•973
•780
•836

•958
*885
•752
•674

•

•

.

cts.
«

•561
•534

•251
•213
•203
•299
•219

•302

while the tonnage
Erie has increased about 66 per cent since
Here

we

see

that

mileage on the
1872-3, on the
per cent. The

Erie, being a difference of only 10 hundredths of a cent; Central it has increased more than 100
in 1878—9, the difference was 39 hundredths, in 1877-8 latter shows an uninterrupted march forward, though
42 hundredths, in 1S76--7 33 hundredths, and in 1875-6 the most decided additions have been made
during the
66 hundredths.




As

a

result of the reduced

expenditure,

last three years.

The Erie would

appear to

have been

THE" CHRONICLE.

664

IYol.

xxxl*3

this period, In some cases he found hundreds of families in the same
and so far as the total mileage is concerned this is true; neighborhood, whose only food was a little Indian meal,
and yet it should be remarked that this was so only the gift of American charity. The cow was gone; the
because the Erie has a large coal traffic, which in the pig was sold; bed and body clothes were in pawn ; and
there “they stood in almost utter nakedness and supreme
years succeeding the panic was a constantly diminishing
despair, face to face apparently with inevitable death.”
amount, thus offsetting the gains that were made on
Then
there was the case of the sick who were more diffi¬
other freight in spite of the pressure of the times.

about

stationary during the first five years of

“

With

the

revival of

immediately

dustry

business activity the

recovered,

and

coal in¬

in the year

coal tonnage mileage on the Erie was
almost twice that of the previous year.
At the
same time its improved facilities gave it a stronger hold
the

1878-9

general traffic. Thus it was that while' the Central
gained 467 million ton-miles during the last two years,
the Erie gained 497 millions. But the Central has in¬
creased its lead of Erie, which in 1872-3 was only
214,000,000 tons, to 830,000,000 tons, and this lead it is
in a position to maintain so long as it retains its present
power over the connecting lines.

on

DR.

HEP WORTH

IRELAND

ON

.

AND

THE

IRISH.

Ireland, naturally enough, continues to
•command attention on this side of the Atlantic. It is
not merely the rights or wrongs of the Irish people
which interest us ; it is also the probable effect of an
Irish rising on the general peace of the world. The
interest which is taken by our people in this ques¬
tion was manifested on Monday evening, in Stein way
Hall.
Seldom has so large or so deeply interested an
audience assembled as that which on the evening referred
The state of

greeted the appearance of the Rev. Dr. Hepworth.
The Rev. Doctor, as is well known, was one of the
distributers of the Herald Relief Fund; and in that
•capacity had large opportunities for making himself
to

familiar

address

with
was

actual condition of Ireland.
The
delivered at the urgent request of some
the

leading citizens, to give them the benefit of his
special experience, and to express his views on Ireland
of

our

generally.
In spite of much visible excitement on the part of the
-audience and of frequent and violent interruptions the
lecturer preserved his coolness throughout; and, as Dr.
Taylor afterwards put it, he “ stuck to his text”—which
was that he should tell the truth and nothing but the
truth—and “ gave it all round most admirably.” If we
were to believe such men as Mr. Stephen J. Meany, who
was in Ireland during the period of Dr. Hepworth’s
wisit, and who addressed the Land Leaguers, in Dra¬
matic Hall, this city, on Wednesday evening, there was
no such thing as famine in Ireland.
Famine and all its
attendant miseries Dr. Hepworth most certainly found.
The crop of 1877 had been a great disappointment;
4i

■“

that of 1878

“

had been smitten

was

almost

a

total loss; and that of 1S79

by blight. From Donegal in the north
to Kerry in the south one half of the population was
actually without food.” The banks were closed; every¬
thing the farmer could call his own was mortgaged ;
Tents were long overdue ; there was not only no food—
there was no prospect of food. In these circumstances
a hungry nation knocked at the world’s door and asked
for a crust of bread to satisfy its hunger.” This call
was responded to by the Herald Relief Fund, by the
fund of the Duchess of Marlborough, and by that of the
Lord Mayor of Dublin.
It is the opinion of Dr. Hepworth that the generosity
of the American people prevented a repetition of the

*“

4<

*e
4(

awful

scenes

i




and the fearful loss of human life of 184 7.

and that of the children whose condi¬
tion in some sections was heartrending in the extreme.
“I have seen,” Dr. Hepworth said, “ little children on
“
the wayside, half-way to school, lying down on the
“
road, in a dead faint, because they had had nothing to
“eat for twenty-four hours.”
We cannot wonder that
he hurried back to Dublin and said to the committee,
“
If we can save no one else, in God’s name let us save
“
the children.”
“ Ireland,” concludes the Doctor, “ is
“
the sick child in the family of nations. She is afflicted

cult to deal with ;

hypochondria, but with a deep-seated
“national derangement.”
In indicating the causes of Ireland’s chronic dis¬
eased condition, Dr. Hepworth does not furnish us with
But it is something of value to the
any new light.
general community—a something which may be helpful
towards the final settlement of the difficulty—that an
intelligent and absolutely impartial American gentleman
should have felt himself compelled to point out, with
special accentuation, the old causes, some of them the
very causes of which the Irish people most bitterly com¬
plain. It is, he said, a matter of regret that Ireland is so
“ No matter what a
much as it is a nation of farmers.
man’s abilities may be, they are all smothered under the
damper that he must be a farmer or leave the country.”
Though an agricultural people, they have no concep¬
tion of agricultural science”; and he might have
added, they will not be taught. “ Ill luck follows ther
“plough,” they say; and, says Dr. Hepworth, “they
never follow it.”
This, however, is not a grievance,
at least it is not a grievance to the Irish people; and
Dr. Hepworth has the good sense not to make it one. It
is a misfortune, doubtless; but it is a misfortune for
which they have only themselves to blame.
Prominent among the outside or external causes of
Ireland’s sorrow, special stress was laid upon two—
landlord absenteeism, and the present prevailing system
of land tenure. The principle is laid down that where
money is made, it should be spent—a principle the vio¬
lation of which is not by any means peculiar to Ireland.
The absent landlords are represented by agents ; and
agents, as Dr. Hepworth discovered by personal obser¬
vation, are not always angels. It would undoubtedly be
a great gain to Ireland
if the landlords staid at home
and spent their money in the improvement of their
estates, rather than in gayety and pleasure in London
and Paris. But Dr. Hepworth has to admit that the
landlord has his rights, too, and that one of these rights
is to live where he chooses.
Nor does he forget to
remind the Irish peasantry that absenteeism in many
cases is largely due to causes of which they themselves
have the control.
To live "with the peasantry, as has
too often been proved, is to imperil one’s life ; and
although, in song at least, it is sweet to die for one’s
country, it is sweeter still to let somebody else die for
the privilege of living in Ireland.
The system of land tenure was severely condemned.
It is a system which prevents the farmer from taking
He is for the most part, out¬
any interest in the land.
side of Ulster, as we have shown already at some length
in these columns, a mere tenant-at-will.
If he, in any
way or by any means, improves his land, he is forced to

“not

“

“

“

“

with

December 25,

THE CHRONICLE.

1880.]

665
4

pay more rent or quit. What is the consequence ? The check speculation, or to prevent goldjbeing sent abroad, but
land is drained of its very life-blood; and improvement because speculators are well aware that in the event of further
there is none. On this point, however, there is now but withdrawals taking place, the Bank rate must necessarily bo
further advanced. Money is, however, so reluctant to rise in.
little difference of opinion; and there is tho less necessity
price that no other conclusion can be arrived at but that the
to dwell upon it that, soon after the meeting of Parlia¬
supply of surplus capital in this and other markets is unprece¬

and wiser system will probably be estab¬ dentedly large. A fairly-remunerative outlet is eagerly sought

ment, a

new

lished.

Whatever be the fate of the

new

measure, or,

after;

but the schemes which commend themselves to the
prudent are few. The Hull Docks & Railway Company, which

indeed, the fate of the Gladstone administration, reform
has lately been brought before the public, with a capital of
now be regarded as a
£3,000,000, with the addition of borrowing powers of £1,000,000,
necessity.
has been quickly subscribed. This is, no doubt, a sound and
It is unfortunate for the Irish people, Dr. Hepworth
valuable undertaking, and the works, if constructed on econom¬
thinks, that they are so easily led away by the eloquence ical principles, may be made to earn a fair dividend, though it
of irresponsible and self-seeking men. Brave, rash and must be borne in mind that the Baltic trade, upon which Hull
good-natured to the last, the Irish peasant is yet grossly so much depends, is not so prosperous as it used to be. Some
of the public companies introduced of late have also met with
ignorant; and it requires but the fatal gift of eloquence fair
of the Irish Land Laws must

26-5

to incite him to rebellion and to lure him to ruin.

Doctor has

no

faith in the

men

who

the present movement in Ireland; nor
for their measures. They are placing

The

but

one

of the India gold mining companies is in

liquidation^ and this fact has damped the ardor of
becoming reckless in connection with gold min¬
has he any respect ing undertakings. During the short period remaining of the

are

at the head of

the people in peril
and running no risks themselves. The end they seek
maybe good euough, but the means are bad. “We
"
have a right to expect that the leaders will take the
consequence of their own actions.” “ But what do we
tc
see ?
This great army of people, frittering away its
“
energy by driving the sheep of the landlords into the
€t
sea, or shooting the landlords from behind a stone
“

success,

process of
those who

were

present year, not much activity will probably be apparent, but
the year 1881 promises to be one of some animation in finan¬
cial circles.
Next to the alteration in the Bank rate, a
the

leading feature is*
great success which has attended the new India loan. The

amount

required

was

£3,500,000 in 8%

authorities decided to entertain

no

per cent stock, and the
tender under 98 per £100-

subscribed for at prices varying
from 103% to 104%* and the total applications amounted to as
<c
wall.” It is evident from the whole tenor of Dr, much as £14.500,000. Low, therefore, as is the rate of interest
which this security yields, it is very clear that though the
Hepworth’s remarks that the Irish people have more to
general public are becoming more confident, and seem inclined
hope for from the honest and earnest men who now con¬ to"court some risk, there is still a very large section of the com¬
trol the destinies of the British empire than from a munity desirous of being upon the safe side. This is satisfac¬
whole host of irresponsible Parnells, Dillons, McOartys, tory, as there were fears that an amount of recklessness had
and O’Kellys.
And Dr. Hepworth’s judgment will been inaugurated which was naturally calculated to lead to
have the more weight the world over that it is the judg¬ ultimate trouble. Efforts will of course be made to employ
capital to advantage; but during the process, some unfortu¬
ment of an impartial American.
nate speculations are likely to be made.
The loan, however, was

stock.

market was very firm in the early part of the
week, which was partly due to the fact that precautionary
ULraelainj 2©Drawercial ‘guQli&U
measures were being taken, in consequence of the heavy with¬
RATES OF EXCHANGE AT LONDON AND ON LONDON
drawals of gold from the Bank. The market has, however,
AT LATEST DATES.
been quieter during the last two days, and the rates are as

Herai

EXCHANGE AT LONDON—Dec. 10.
On—

Time.

Amsterdam
Amsterdam.
.

Hamburg

...

Berlin
Frankfort...

Antwerp....

Copenhagen.
Bt.Petera’bg.
Paris
Paris
Vienna
Madrid......
Cadiz
Genoa
Lisbon
New York...
Alexandria..

—

ii

12 00

ti

it

n

m

m

....

Bombay.... 60 days
a
Calcutta....

Shanghai....

9

Short.

1210

Dec.

9 Short.
U
9
it
9
a
9

20-36
20-36
20-36
25-32

9 Short.

25-321*

Dec.
Dec.
Dec.

....

•

•

•

Dec.

y

9 3

mos.

117-50

@26-60

•

[From

Is. 7%d.
Is. 7^d.

our own

Dec.

9

26-25

Dec.
Dec.
Dec.
Dec.
Dec.
Dec.

10 Short.
7 3 mos.
10
10
10
■
10
...

....

4 79

963gd.
Is.

7hd.

Is. 77ed.
3s. 8i*d.
5s. ligd.

correspondent.]

London, Saturday, December 11, 1880.
The prominent feature in financial circles during the week
has been an advance in the Bank rate of discount to 3 per cent.
The Bank of

under:
Open-market rates—
30 and 60 days’ bills
3 months’ bills

Per cent►

Open-market rates—

4 months’ bank bills
27e3>3
6 months’ bank bills
3*8
4 & 6 months’ trade bills. 31a3>4

3

Bank rat©

23*@278

2%@27s

have raised the rates of indeposits to the extent of one-half per cent,

The banks and discount houses
terest allowed for

and the

quotations are now as follows :

Per cent.

2
2
2*4

Joint-stock banks
Discount houses at call
Do
with 7 or 14 days’ notice

Annexed is

52^@52i*

..

m

Rate.

47is®47
4736@4718

U

m

@12 05

Time.

Dec.

24is®24
Short. 25*25 @25-3712 Dec.
3 mos. 25-82ifi@25-57i2

.

Hong, Kong..

Pate.

*

Per cent.

Latest
Date.

3mos. 12-414 @12-4%
Short. 12-2
@12-214
3 mos. 20-62 @20-64
<«
20-62 @20-64
a
20-62 @20*64
a
25*55 @25-60
a
18-40 @18-45
tt

EXCHANGE ON LONDON.

The money

a

statement showing the present

position of the

England, the Bank rate of discount, the price of Con¬
quotation for English wheat, the price of
middling upland cotton, of No. 40 mule twist, fair second
quality, and the Bankers’ Clearing House return, compared
Bank of

sols, the average

with the three previous years:
1880.
1879.
1878.
Circulation, exclud&
&
£
ing Bank post bills. 26,029,470 27,058,950 31,248,175
Public deposits
6,209,917
3,645,438
4,484,391
Other deposits
24,371,173 28,627,365 26,369,995
Governm’t securities. 14,365,019 15,649,459 14.737,624
Other securities
20,136,119 19,009,740 24,346,856
—

-

—

Res’ve of notes & coin 13,982,775
Coin1 and bullion in
both departments.. 25,012,245

15,550,654

9,746,851

1877.

26,447,480
5,380,770

20,376,383
13,288,520
17,967,686

12,492,790

England having lost during the last two weeks
27,609,604 25,995,026 23,930,270
of assets
gold, it had become evident that a higher Proportion
45*27
to liabilities
5 p. c.
3 p. c.
3 p.c.
4
charge for money was justified; but, at the same time, it is Bank rate
x99
94*4
x
975s
Consols
remarkable that so large a diminution in the supply of gold
40s.
lid.
51s.4d.
46s. 7d.
44s. lOd.
Eng. wheat, av, price
71sd.
has exerted so little outside influence. The truth is, an advance Mid. Upland cotton..
6Hi<<d.
413<.
i6o$:
lO^d.
No. 40 mule yarn
from the low point of 2% per cent to the very moderate point Clearing-House ret’n. 151,020,000 86,416,000 76,220,000 100,074,000
of 3 per cent is a matter of no serious importance, more
The following are the current rates of discount at the prinespecially as there seems to be some reason for believing* cipal foreign centres:
Bank
or hoping, that the American demand for
Open
Rank
Open
gold for exportation
market.
rate.
rate.
market..
is likely to cease. It was expected that a further supply of
Pr. et.
Pr. ct.
Pr. ct.
Pr. ct.
6
8t. Petersburg
3%
3*2
gold would be taken out of the Bank yesterday for transmission Paris
4
5
Geneva
3
Amsterdam....
2*
to New York by to-day’s steamer from Liverpool; but no pur¬ Brussels
Madrid, Cadiz &
34
313
4
5
Barcelona
4
3i*
chase has been made, and hopes are therefore entertained that Genoa
5
5*4
Lisbon & Oporto.
Berlin
4
3i*
3i*
3
81*@4
4
the present value of money will lead to greater caution not Frankfort
Copenhagen
5 @6
New York
4
31*
Hamburg
4
because a three per cent rate of discount is likely in itself to Vienna
4
3%®376 Calcutta
about £2,000,000 in




—

,

...

..

.

..

..

..

..

....

...

...

[Vou XXXI.

THE CHRONICLE.

666
•xz

withdraw^
Bank of England for exportation, chiefly co New
importations from abroad having been upon a very

As stated above, a

from the

York, the

there has been no
value of Mexican dollars has been

In the value of silver

moderate scale.

Other manufactures of cotton show as

large supply of gold has been

material alteration, and the

supported.
The following prices for bullion are from the
Messrs. Pixley & Abell :
8.

GOLD.

Lace and

Hosiery of all sorts

per oz.

gold, fine

South American doubloons
United States gold coin
German

peroz.

per oz., none

73 9

here

peroz.

gold coin
per oz.

5 grs.gold

5178
stand., nearest. 52x4
peroz. 56
per oz., last price. 505s

standard, nearest.

peroz

@
d>

d>
3>
d>

Quicksilver, £6 10s. Od.
Discount, 3 per cent.
India Council bills were disposed of on Wednesday

91,634
54,583

114,263

939,164

1,060,300

74,291

67,228

87,225

4,356,291

4.401,144

5,702,199

imports and exports o f bullion have

59.636

been as under:

at ls.,

1879.

£

£

1,320,880
17,781,210
434,147

Imports in November....
Imports in 11 months
Exports in November....
Exports in 11 months....

1,033,181
10,812,932

13,530,426

1880.
£.

563,174

1,494,269

12,926,770

8,661,199

4,165,371
15,500,103

2,634,234

612,072
9,769,970
1.010,552
10,331,461

578,970
6,009,699
658,464
6,892,178

9,109,243

SILVER.

1,288,588
11,024,358

TC ?AL GOLD AND SILVER.

503*

7Md. the rupee.
Notwithstanding the uncertainty which prevails with regard
to the future course of the money markets, the stock markets
have, on the whole, presented a firm appearance.
The abund¬
ance of money promotes confidence, and there is still a consid¬
erable amount of business in progress for the rise.
The Board of Trade returns for November and the eleven
months ended November 30 have been issued this week, and

1878.
18

November....
11 months....
November....
11 months....

Imports in
Imports in
Exports in
E xports in

d.

d.

per oz.

Chilian dollars

d)

1880.

1879.

66,162
61,734
1,000,185

GOLD.

76 S1*®

silver.

Bar silver.flne..:
Bar silver,contain’g
Cake silver
Mexican dollars

The

d.

8.

standard. 77 9 *2 a 7710
gold, containing 20 dwts. silver, per oz. standard. 77 11' @
per oz. 74 0 ©
Spanish doubloons

Bar
Bar

£
£

patent net

Thread for sewing
Lbs.
Other manufactures, uneuumerated
£
Total value of cotton manu¬
factures
£

circular of
(t.

follows:

1878.

Imports
Imports
Exports
Exports

in
in
in
in

2,073,239
14,670,898
3,292,698
16,001,421

1,176,176
22,696,710
5,175,923
25,831,564

2,359,36 L

November....
11 months....
November....
11 months ...

23,594,174
1,722,735
24,554,781

exports of gold to the United States in November were
valued at £1,384,340, against £2,378,873 last year ; and in the
eleven months to £3,296,299, against £6,404,328 in 1879.
The weather has been remarkably mild, and it is scarcely
The

possible to believe that we are almost in mid-winter. The wheat
trade has, inconsequence, been exceedingly quiet, and in order to
effect sales rather lower prices have been submitted to, but
there has been no pressure, as there is no belief in permanently

import and export lower prices.
The following return shows the extend of the imports and
trades show an increase, compared with last year, and it is now
very certain that the annual return will give confidence in the exports of grain and flour into and from the United Kingdom
during the first fifteen weeks of the season, compared with
future. The following are the leading particulars:
1878.
1879.
1880.
the corresponding period in the three previous years:
they show satisfactory results. Both our

Imports in
Imports in
Exports in
Exports in

£34,343,383 £33,429,382
326,806,185 375,773,204
17,051,955
18,864,700
15,961,669
178,143,305 174,927.552 204,995,737

£25,684,557
338,982,932

November
11 months
November
11 months

The following figures
30th November:

relate to the eleven months ended

IMPORTS.

Barley

cwt.

Cotton

10.747,942

Cotton
1,113,406
cwt.
Cotton yam
lbs. 231,269,700
Cotton piece goods
yards.3,337,545,400
Iron and steel
2,150,075
tons.
Linen yarn
lbs.
17,096,200
Linen piece goods
yards. 150,434,690
Jute manufactures
yards. 111,681,900
Silk manufactures
£
1,741,422
British wool
11)3.
6,118,278
Colonial and foreign wool.lbs. 174,258,135
Woolen yarn
lbs.
28,933,600
Woolen cloths
yards.
40,464,800
Worsted stuffs
yards. 176,979,000
Blankets & blanketing..yds.
5,657,300
Flannels
yards.
7,049,100

3,740,103

573,782

663.484

595,730

853,667

477.103

11,342,806

6,491,385

9,604.466

1,322,911
8,038,335

2,090,324

2,157,232

ludiau corn
Flour

1,778,607

3,443,591

3,505,953

EXPORTS.

475,632

1879.
265,402

5,573
168,369
54,570

34,083

1880.
...cwt.

Wheat

1,507,727

4,566,205

963,368

1380.

1879.

5,888,202

Peas
Beans

EXPORTS.

1878.

1877.

18,678,243
4,054,914
3,517,678

5,277,166
769,072

12,975,275

11,233,263

,

15,402,817

3,754,803

18S0.

1879.

4,938,490

......

22,374,377

Oats/

IMPORTS.

1878.

..cwt.18.902,171

Wheat

1878.

1879.

1880.

Barley

Oats/.

5,715
15,674

1878.

1877.

665,448
53,091
35,963
5,684

645,646
23,038
47,407
7,058
8,417
39,688
14,328

215*,677,900 196,486,300 Peas
2,483
11,858
14,3 74
3,399,399,000 4,123,231,900 Beans
90,143
301,993
77,996
Indian
corn....
2,639,549
3,5^8,324
27,986
40.032
48,954
15,943,000
15,039,100 Flour
145,186,430 152,3S5,000
During the week ended December 4 the sales of home-grown
149,106,900 165,925,900
1,551,342
1,844,102 produce in the 150 principal markets of England and Wales
12,162,100
16,249,200
44,286 quarters, against 3S,428 quarters last year
224,480,836 215,556,689 amounted to
29,429,700
24,602,400 and 57,855 quarters in 1S78 ; while it is computed that they
41,591,600
46,108,900
170,470,300 174,699,100 have been in the whole kingdom 177,150 quarters, against 153,5,132,100
5,041,000 720 quarters and 231,420 quarters in 1879 and 1878 respectively.
4,918,700
5,556,800
Carpets
6,203,500
6,091,800
8,911,500 Since harvest the sales in the 150 principal markets have been
yards.
The following were the quantities of cotton manufactured 613,958 quarters, against 404,861 quarters and 837,628 quarters,
piece goods exported in November, compared with the corres¬ while it is computed that they have been iuthe whole kingdom
ponding month in the two preceding years :
2,455,832 quarters, against 1,655,500 quarters and 3,350,500
1878.
1879.
1880.
quarters in 1879 and 187S respectively.
Without reckoning
Yards.
Yards.
Yards.
Exported to—
2,718,800
Germany
3,750,600
2,559,900 the supplies furnished ex-granary at the commencement of
4,201,100
Holland
2,400,*00
2,769,300 the
season, it is estimated that the following quantities of
5,576,000
Franco
3,641,200
4,907,700
Portugal, Azores & Madeira.
5,086,400
3,883,500
6,186,300 wheat and flour have been placed upon the British markets
Italy
5,941,100
4,144.200
6,030,300 since
harvest. The visible supply of wheat in the United
1,081,000
Austrian Territories
1,166,200
596,200
3,869.300
'• 2,748,700
3,472.100 States is also
Greece
given:
Turkey
31,740,900
21,336,600
39.214,600
1880.
1879.
1878.
1877.
Egypt
9,171,100
7,519,000
21,682,500 Imports of wheat.cwt.18,902.171 22,374,377 15,402,317 18,678,243
West Coast of Africa
2,530,800
1,567,800
2,630,100
3,505,953 3,443,591 2,090,324 2,157,232
3,202,200
2,696,300 Imports of flour
United States
2,982,400
of home-grown
5,278,600
Foreign West Indies
6,070,900
8,224,800 8ales
produce
....10,641,933 7,173,600 14,519,000 12,220,600
.

„

,

2,421,100

Mexico

United States

of Colombia

4,690,400

(New Granada)

15,185,400

Brazil

Uruguay
Argentine Republic
Chili
Peru
China and Hong Kong

1,452,300

3,204,500

4,330,400
2,947,800

Philippine Islands

3,498,900

2,451,600

British India—
Bombay

;

Madras

Bengal

2,642,000

2,673,700

*

55,255,200

72,443,700

101,447,700

7,451,200

18,910,500

5,922,800

11,2 22,400

2,288,300

5,181,700
20,362,100

„

524,586

33,525,476

Result

Av’ge price of English
wheat for season (qr.)
Visible supply of wheat
in the U.

42s. 6d.

_

_ ~

8.....bush.24,600,000 27,850,685

WHEAT.

1,985,600

61,590,100

4,210,100

or

33,056,075
304,434
693,434
6o9,974
32,637,134 31,318,707 32,396,101
48 s. 3d.
41s. 5d.
54s. 9a.

30,991,563 32,012,141

33,050,062

Total
Deduct
exports
wheat and flour

^

17,045,020 10,397,158
The following return shows the extent of our imports of
2,647,400
5,620,900 wheat and flour into the United Kingdom during the first three
606,900 months of the season (October, November and December), com¬
4,844,000 pared with the same period in the three previous years:

37,451,600

2,232,200

Grand total

6,940,200
3,515,100

4,640,300

40,695,100

Ceylon

predominating

30,7 L5,900

1,401,400

1,742,600
564,400

4,790,600

5,920,900

Total unbleached or bleached
Total printed,dyed,or colored
Total mixed materials, cotton

3,239,700
902,000

6,433,500

3,013,700

Straits Settlements

Australia
Other countries

7.156,000

3,387,000
1,264,100

5,953,100

1,548,600
3,903,600
670,900

3,293,500

1,588,300

Java

Gibraltar
Malta
British North America
British West India Islands &
Guiana
British Possessions in South
Africa

18,631,900

4,331,300
48,728,100
7,838,000

Japan

4,441,600

2.739,700

20,021,100

28,091,100
3,483,400




4,179,500

3,152,400

6,244,100

12,309,700

2,877,400

7,628,500
29,183,000
291,276,400

215,177.300

235,464,500

89,334,200

91,496,100

132,420,900

1,585,900

1,623,600

1,993,800

306,097,400

328,584,200

425,691,100

1880.

Cwt.
304,622
United States.... 9,985,907
Brit. N. America 1,316,435
From—
Russia

Germany..
France

Chili

Turkey, &c

Egypt

British India

72,799

1,235
375,209

6,405
268,194

956,099

1879.

1878.

Cwt.

Cwt.

2,102,264
11,459,510

3,365,282
6,6 48,9 78
1,379,8S4
1,152,072

2,476,929
758,338
5,985
673,916
860
875.446

364,995

/ 649,548
Total

..15,598,183

19,367,791

166

50,573
109,347
90,447

1877.
Cwt.

2,059,168
6,579,908
2,318,872
1,515,629
-

36,380
181,032
115,374
425,567

265,335
556,699

1,819,426
485,076

13,618,783

16,336,432

THE

1680 ]

December 25,

CHRONICLE

FLOUR.

1879.
Cwt.

1880.
Cwt.

From—
France
United States....
Brit. N. America

78.230

1,769,505
278,292
Other countries..
634,684
Total

Annexed is

3,059,901
return

1877.

Cwt.

312,604
79,048
1,992,763
191,900
539,204

299,190

Germany

1878.

Cwt.

277,264
79.S11
791,761

335,396
256,046

556,937

172,731

3,115,519

494,639

207,276
555,535

1,816,206

1,911,242

estimated value of

our
showing the
imports of cereal produce into the United Kingdom during
October, November and December, compared with the corres¬
ponding period in the three previous years:

a

1879.

18SO.

Wheat

£11,089,616
2,415,933
1,681,497
269,480

£17.135.464

Barley
Oats
Peas

Beans

Indian
Flour

corn..

Total....

1878.

£8,133,117
1,914,071
1,078,983
358,211
214,461
2,966,467
2,470,151

1877.
£10.209.088

£6,779,572

1,627,544
1,036,661
257,990
449,095

1,726,796
2,569,014

3,737,543
1,120,495
171,874
156,824
2,349,920
1,518,073

£20,053,627

£13,834,300

£17.829.281

301,286

2.472,158
1,776,745

Eusllvh Market Reports—Per Cable.

667

the imports $280,8*72 were Amarican
silver coin.
The movement from January 1 to

gold coin and $22,740

date in 1880 includes the
export of $2,237,523 gold and $6,041,639 silver, and the import
of $64,237,559 gold and $5,407,040 silver. The totals at New
York from January 1 to date iu the present and several previous
years have been as follows:
Year.

Exports.

1880
1879
1878
1877
1876

Imports.

*

Year.

s

$3,279,162 $69,644,599 1875
14,388,608 83,660,293 1874.....
12,337,197 18,871,413 1873
26,021,848 15,13 4,795 1872.....
43,376,032 22,440,804 1871

—Capital in New York must find

Exports.

Imports.

$68,680,280 $12,862,932
60,242,959
6,251,725
49,303.185 18,779,929
71,545,275
5,517,311
63,865,547
8,618,290

some

other outlet than mere

investments in railroads and mining stocks. There are hun¬
dreds of industrial enterprises in which money can be employed
at

large profits, and in this direction is the Iron Steamboat
Company, whose stock is advertised to-day in another column
of the Chronicle. The capital is $2,000,000, and each subscri¬
ber will receive for every $1,000 of stock allotted and paid for
first mortgage bonds to the amount of $250. Particulars will
now

be found in the advertisement.

The

daily closing quotations in the markets of London and
—Attention is called to the notices in our' advertising columns
Liverpool for the past week, as reported by cable, are shown in by Messrs. Clark, Post & Martin of the Bail road Equipment
the following summary:
Company. The Car Trust securities have been for many
London Money and Stock Market.—The bullion in the Bank
years a well-known form of investment in other cities.
The
of England decreased £194,000 during the week.
During the coupons and principal of bonds, due January 1 instant, issued
same time, the specie in the Bank of France increased 8,725.000
by the Railroad Equipment Company, will be paid by the
francs in gold and 1,648,000 francs in silver.
above firm, in this city, and E. VY. Clark & Co., Philadelphia.
Sat.
Dec.

Mon.

Tues.

Wed.

Dec.

Dec.
21

Dec.

18

Silver, per

20

d. 51%

oz
Consols for money

98**16

22.
51%

51%

51%

98**ig

989ie

common

115*2
1163s

48%

49*4

49 78

128*2

128*2

129*2

Pennsylvania
65
Philadelphia* Reading. 273s

Now York Central.

104*2

49 78

65
27

65

14934

150*4

2778

151

151

Liverpool Breadstuff* and Provisions Markets.—
Sat.

8.

Mon.
8.
d.
12 9
9 10
9 9
9 11
9 7

d.

Flour (ex. State) .100 lb .12 9
9 10
Wheat, No. 1, wh.
“
9 9
Spring, No. 2...
“

Winter,West.,n.

“

9 11

Cal. white

"

9

7

5 7*2
“
Fork, West, mess.. $bbl 64 0
Bacon, long clear, cwt. 38 6
Beef, pr. mess.new,$tc. 77 0
Lard, prime West. #cwt. 46 6
Cheese. Am. choice “ 65 0

Com,mixed,West.

TUC8.
8.
d.
12 6
9 8
9 7
9 9
9 6
7*2 5 7
64 0
0
6
38 6
0
77 0
46 6
6
65 0
0

5
64
38
77
46

65

Wed.
8.
d.
12 6
9 8
9 7
9 9
9 6
5 7
64 0
38 0
77 0
46 6
65 0

Liverpool Cotton Market.—See special report

on

Thurs.
d.
8.
12 6
9 8
9 7
9 9
9 6
5 7
64 0
37 6
77 0
46 3
65 0

Fr *.
s.

d.

12
9
9
9
9
5
64
37
77
45

6
8
7
9
6

6*2
0
6
0
9
0

65

cotton.

©nmmevcial awd^UscjeUaweffus f^enrs.
Imports and Exports for the Week.—The imports of last
week, compared with those of the preceding week, show an
increase in dry goods and a decrease in general merchandise.
The total imports were $7,408,385, against $7,402,292 the p re¬

ceding week and $4,860,860 two weeks previous.

The exports
against
$7,255,748 last week and $7,878,042 two weeks previous. The
following are the imports at New York for the week ending
(for dry goods) Dec. 16 and for the week ending (for general
for the week ended Dec. 21 amounted to $6,632,474,

merchandise) Dec. 17:

FOREIGN IMPORTS AT NEW YORK FOR THE WEEK.

1877.

1878.

1879.

1880.

$974,608

$1,102,860

$1,740,811

$1,532,504

4,003,023

3,290,475

6,544,361

5,875,881

Total week
$4,977,636
Prev. reported.. 306,767,261

$4,393,335

$8,285,202

$7,408,385

276,922,453

324,116,660

458,403,561

Dry Goods
General mdse...

Totals’ce Jan. l.$311,744,897 $231,315,788 $332,401,862 $465,816,916

In our report of the dry goods trade will be found the imports
of dry goods for one week later.
The following is a statement of the exports (exclusive of

specie) from the port of New York to foreign ports for the
week ending December 21:
EXPORTS FROM NEW YORK FOR THE WEEK.

1877.
For the week....
$6,467,126
Ptfev. reported.. 283,561,521
Totala’ce Jan. l.$290,028,647

1878.

1880

1879.

$7,269,771
333,958,429

$3,554,306
337,953,009

$6,632,474
397,413,656

$341,128,200 $346,507,874 $404,046,130

EXPORTS AND IMPORTS OF SPECIE AT NEW YORK.

The following table shows the exports and imports of specie
New York for the week ending December 18.

at the port of

Exports from New York,
Gold.

Silver.
>

Great Britain

France
Germ «ny
West Indies
Mexico
South America
All other countries..
Total

Of the above




Silver.

$146,500 $4,043,683
46,500

$193,000

exports $48,500

Imports at New York.
Gold.

were

BANKING AND FINANCIAL.
OFFICE OF FISK &

57,900
677,566

217,350
11,463
5,651

$11,985

$5,018,613

$34,429

12,836

9,608

American silver coin.

Of

HATCH,

No. 5 Nassau Street, New York, Dec. 24, 1830.

50*4
129*2
653a
283s
151*2

65*4
273a

27*2

a

-

84-S0

lL53s
1163s

129*2
6538

■

24.

104*2

49 *2

■

51**16
93**16
98 *3,6

84*87*2

127*2

stock

Illinois Central

Fri.
Dec.

511*16
989,6 9S916
9311x6 931*16

Consols for account.... 93131S
98i%6 93Hig
Fr’chrentes (inParis) fr.8 4*92*2 84*75
84*72*2 8 4*75
U. 8. 5s of 1881
1043s
1043s
1043s
1043s
U. 8. 4*28 of 1891
115^
115*2
1153s
1155s
U. S. 4s of 1907
.116*2
116*2
1163s
116*2

Erie,

Thurs.
Dec.
23.

CHESAPEAKE

&

OHIO

RAILWAY

BONDS.

The price of the Chesapeake & Ohio Railway purchase money funding
bonds lias this day been advanced to 110 and accrued interest.
These bonds, amounting in all to only $2,350,000, are a strictly first
lien

on

the whole vast property, on which has been expended to * this

date upwards of

$50,000,000, with improvements of great importance
account, a perfectly safe bond for
investment of United States Fives

in progress. They are, on this
Investment of trust funds, or for re
now

and Sixes, now maturing.
The price of the series “

A” bonds of the same company has also been
advanced to 102*2 and accrued interest.
The improvement in the business and earnings of the road during the
past year has been wonderful, considering that none of its Western rail
connections have, as yet, contributed to its traffic. These will be adding

largely to the business revenues of the road after a few months, as they
are rapidly approaching completion.
The earnings for the past eleven months this year are as follows:
For eleven months in 1S80
$2,439,690 52
For eleven months in 1879
1,755,888 24
Increase in 1880
$683»802 28
During the first six months in 1881 the direot connection to Louisville,
via the Elizabethtown Lexington & Big Sandy Railroad, will he com¬
pleted; also the connection to Columbus, Ohio, via the Scioto Valley
Railroad; also the extension down the Peninsula to Newport News,
while other connections of great advantage are in process of arrange¬
ment.

The lien of the “ A” bonds will extend

over

the Peninsular Extension,

while they have the same lien on the main line as the “ B ” bonds. Their
interest is payable, and has always been paid, in gold coin. We consider
them

an

excellent investment.

Considering the great improvement in this property, and the pros¬
perity opening before it in the immediate future, there is no doubt that
the holders of the “B” bonds, now selling at 79 and of the currency
bonds, now selling at the very low price of 49, will receive their interest
(now being paid in preferred stock) in money, in strict accordance with
the terms made when the compauy was reorganized, while the preferred
stocks which they now receive will steadily increase in value.
It would be well for holders of all the junior securities, including the
common stock, to remember that the Chesapeake & Ohio Railway, as a
great East and West trunk line, which it will so soon become, will have an
earning capacity far exceeding its requirements for interest on all the
bonded debt of the company.
The pui chase money funding

bonds, and the “A” bonds, amounting

together to only $4,350,000, have always paid their interest promptly
in cash, and are both a sure investment for the future.
The amouut required to pay the annual interest on these bonds, when
all sold, will be $261,000, while the- net revenue the last flsoal year,
without any rail connections West, was $799,609 84, out of which was
expended, for new steel rails and fastenings, $230,320 99. During the i.
next few months the motive power and equipment will be largely
increased, and the remaining balance of the iron track—some seventy
miles—will be relaid with steel. This will be necessary in order to pre¬
pare the road for the immense additional tonnage which will offer aa
soon as the Elizabethtown Lexington & Big 8andy Railroad is com¬
pleted and the Scioto Valley Railroad connection is made.
FISK & HATCH.
Note.—We propose to

issue, from time to time, short statements simi¬

lar to the above, in reference to railroad bonds and
the character and merits of which we are familiar.

other securities with,

a

%\xz JBixnkcrs7 (Sa^ette.
The following

dividends have recently been

The statement of the
issued Dec. 18 showed an

increase of $2,171,925 in the surplus
legal reserve, the total surplus being $2,088,725, against a
deficiency of $83,200 the previous week.

Name

of Company.

Railroads.
2

Boston & Lowell

2*2

Canada Southern

4

Chicago Iowa <fe Nebraska
Chic. Rock Island & Pac. (quar.)..
Cin. Ind’nap. St. L. & Chic.(quar.)
Granite
'.
Lake Shore & Mich. South
Metropolitan Ele v. (quar.)

1%
1*2

$2 50
4

2*2
4

Michigan Central
N. Y. Elevated (quar.)...

2*2
4

Philadelphia Wilm. & Balt

’j'

—1 ■

*

When

Books Closed.

Payable.

(Days inclusive.)

Jan.
Feb.
Jan.
Feb.
Jan.
Jan.
Feb.
Jan.
Feb.
Jan.
Jan.

1
1
1
1
15
1
1
3
1
25
3

'»

Dec.
Dec.
Dec.
Dec.

19
31
16
31

to
to Feb. 4
to
to Jan. 24

Dec.
Deo.
Dec.
Jan.
Dec.

31
24
31
15
16

to
to
to
to

to

.3*2

Bank of America
Bank of New York

4
5
4
3

Bowery National

Central National
Chatham National
Continental National
East River National
Fourth National

3*2
3*2
3*2
3*2

Hanover National

7
4
4
4
4

Importers’& Traders’National..
Irving National

3*2

National..

3
5
3

National Bank of Commerce
National Broadway.
National Butchers’ & Drovers’...
National Citizens’
National Park
National Shoe & Leather
Ninth National
North River
Oriental

4

Metropolitan National
Murray Hill

8

3*2
3*2
4
4

3*2
3*2
4

3*2

People’s

Jan.
Jan.
Jan.
Jan.
Jan.
Jan.
Jan.
Jan.
Jan.
Jan.
Jan.
Jan.
Jan.
Jan.
Jan.
Jan.
Jan.
Jan.
Jan.
Jan.
Jan.
Jan.
Jan.
iJan.
Jan.
Jan.
Jan.
Jan.

3

Phenix National
St. Nicholas National
Third National
Insurance.
Hamilton Firo
Montauk Fire (Brooklyn)

Miscellaneous.
Sioux C. <fc Iowa Falls T. L. & L. C(

previous

week.

1879.
Dec. 20.

.

1878.
Dec. 21.

deposits
Legal tenders.

Dec. $586,600 $278,098,100 $235,974,100
20.911.500
50,842,900
55,677,800 Inc. 1,744,600
20,077,000
23,65 L,900
.10,800
18.474.400 Dec.
267,629,900 Inc. 1,244,700 246,118,600 203,625,600
39,600,000
12,543,400
738,500
13.318.400 Inc.

Legal reserve.

$66,907,475

Loans and dis.

Specie
Circulation...
Net

Feb. 4
3
Jan.
Feb.
4
Jan. 25
6
Jan.

.

Reserve

>[

3*2
3*2

Jan.
Jan.

5
5

Jan.
Dec.

$2

Jan.

9
3 Dec. 22 to Jan.
6
3 Dec. 22 to Jan.
3
3 Dec. 28 to Jan. 11
2
3 Dec. 22 to Jan.
2
3 Dec. 16 to Jan.
3
2
3 Dec. 24 to Jan.
2
3 Dec, 22 to Jan.
2
3 Dec. 19 to Jan.
2
3 Dec. 21 to Jan.
2
3 Dec. 22 to Jan.
3
3 Dec. 25 to Jan.
2
3 Dec. 23 to Jan.
3
3 Dec. 24 to Jan.
2
3 Dec. 19 to Jan.
2
3 Dec. 22 to Jan.
3
10
••••£*•
3
2
3 Dec. 23 to Jan.
3
4
3 Dec, 22 to Jan.
2
3 Dec. 22 to Jan.
2
3 Dec. 24 to Jan.
3
3
2
3 Dec. 28 to Jan.
3
2
3 Dec. 24 to Jan.
3

beld.

$293,372,600

2,433,100

$61,529,650
63,386,300

$50,906,400
60.511.500

$2,088,725 Inc.$2,171,925

$1,856,650

$9,605,100

68,996,200

Inc.
Inc.

$311,175

in Government bonds, with no features particularly new.
Congress has adjourned over the holidays without acting on the
Funding bill, and we understand now that it will come up on the

1 Dec. 20 to
27

The bill will probably pass, but
reason,
certain
option between plain three per cent bonds and some other form
of long or short obligations bearing a higher rate of interest.
The Treasury will begin the payment of January interest
eighth

Market

ninth of January.

without rebate on Tuesday
The closing prices at the

1

Jan.

or

there are some cautious parties who suggest, not without
that the Secretary of the Treasury might well be given a

next, the 28th inst.
New York Board have been as follows:

J.
coup. J.
..reg. J.

<fe
&
&
&

J.
J.
J.
J.

Dec.
20.

Dec.
18.

Interest
Periods.

*101*8
*104*8
Q.-Feb. *101*4
coup. Q.-Feb. *101*4
Q.-Mar. *111%
coup. Q.-Mar. *111%
..reg. Q.-Jau. *112*6
coup. Q.-Jan. *113*8
..reg. J. & J. *129
..reg. J. & J. *130
--reg. J. & J. *131
..reg. J. & J. *132
..reg. J. & J. *133

coup^ J.

*

Dec.
22.

Dec.
21.

Dec.
24.

Dec'
23.

*102 7s *1027e x10278 *10278 *10278 *10278
*10278 *10278 *10278 *1027s *102% *10278

*101%
*10438
*101%
*101%
111%
11178 111%
*112*8 112*4
113% 113*4

*101*8
*104*8
*101*8
*101*8
*111%
*111%
*112*8
113*8

*101*4
*104*4
*101*4
*101*4
*111%

*129
*130
*131
*132

*129
*130
*132
*133
*1.34

1*133

Tliia is tbe price bid at the morning

Railroad and Miscellaneous

*130
*131
*132
*133
*134

*10138 *10138
*10430 *10438
*10l3g *10138
*10138, *101%
*11158 *111%
*11158 *111%
*112% 112*4
*113*8 113*4
*130
*131
*132
*133
*134

*130
*131
*132
*133
*134

Board : no sale was made.

Stocks.

—

There has been no

degree

1

FRIDAY, DEC. 24, 1880-5 P. M.
Money

Differences fr'm

1880.
Dec. 18.

ness

Banks.

Market National
Marine National
Mechanics’ National
Merchants’ National
Merchants’ Exchange

above

announced:
-

Per
Cent.

francs in gold and 1,648,000
New York City Clearing House banks

gain for the week of 8,725,000

francs in silver.

DIVIDENDS.

The

| VuL. XXXI.

THE CHRONICLE.

668

and Financial Situation.—As the

adverse influence yet sufficient to check in any important
the unlimited confidence in railroad stocks. Hence it is noticed
that as soon as the immediate pressure on the money
market was removed, stocks again became buoyant, and close to¬

the situation again day near the highest prices yet made. Such a collapse as that
close with the ten¬ in Western Union Telegraph, from 105 to 80 in a short time—
dency at the Stock Exchanges decidedly buoyant. Almost every¬ based, too, on a most serious decline in earnings—would have
thing seems to turn out so far in favor of the bulls in stocks, and been sufficient in ordinary times to start a downward movement
the further prices advance here, the more confidence seems to be in the whole market. But at present the support to the market
inspired abroad. The amount of stocks and bonds shipped is so great that a tumble in Reading, Western Union Telegraph,
abroad is apparently on the increase, and they are taking in or some other stock, is passed by as merely one of the phases of
England and Germany such stocks as N. Y. Ontario & Western a day. The leading events of the week, as noticed above, have
ana Missouri Kansas & Texas as well as the high-class rail¬
been the reports of the Y7anderbilt roads, and the 4 per cent divi¬
road bonds. Yesterday the news came from London that Mr. dends on two of the stocks and 2/2 on Canada Southern; then
Gowen had succeeded in obtaining the assent of the London the reports from London accrediting Mr. Gowen with great suc¬
stock and bond holders to his great plan for lifting Reading out cess in pushing his Reading plans, and the cable reports from
of its difficulties, and not only were they willing, but so enthusi¬ Paris that a syndicate had been formed there to buy N. Y. Cen¬
astic that only a single dissenting voice was heard. What event tral stock, have all served to give a very cheerful tone at the
could show up more forcibly the great change in sentiment be¬ close. The reports of the Vanderbilt roaas, and also Pennsyl¬
tween the years 1878 and 1880 ? In the former year it is hard to vania railroad earnings to Dec. 1, are given on another page.
Total sales for the week, and range since Jan. 1:
believe that such a project in London would even have met with
a respectful hearing.
Range for
Another circumstance contributing this
Sales of
Year 1879.
Range since Jan. 1,1880.
week to the strength of stocks was the publication of the annual
Week,

money market relaxes, the general strength of
asserts itself, and the year draws towards a

statements, in brief, of the Vanderbilt railroads and the
tion of dividends. The earnings for the year 1880 are

declara¬
remark¬

Shares.

Highest.

Lowest.

40
May 17 8138 Dec. 20
80,645
45
May 25 9014 Mar. 8
61,540
2 159% Dec. 18
99*2 Jan.
8,542
Chicago & Alton
June 2 181*2 Dec. 24
5,296 113
Chic. Burl. & Quincy
66*2 May 25 114*2 Dec. 18
85,575
Chic. Mil. & St.P....
Nov. 20<
99
May 10 124
do pref.
1,400
Do
Nov. 29
130
871e
July
9
59,343
Chic. & Nortliw
2,645 104 Fel). 10 146*2 Nov.-24
do pref.
Do
6,335 10012 June 11 204 June 8
*Cliic. Rock T. <fc Pac..
912 May 11 25*8 Jan. 26
14,075
Col. Chic.& Ind.Cent.
for the last two weeks :
Deo. 18
Dec. 18.
Dec. 24.
Differences. Del. & Hudson Canal 22,610 60 May 25 92% Dec. 18
1075s
68I2
60.640
May
25
Dec.
Del.
Lack.
<fc
Western
$954,700
Loans
$293,372,600 $292,417,900
May 25 50*2 Dec. 24
Specie
55,677,800
57,086,000 Dec. 1,408,200 Hannibal & St. Jo... 70,860 2278
6312
May 25 105 Dec. 24
30,321
do
Do
Dec.
17,500
pref.
13,300,900
Legal tenders
13,318,400
Dec. 18
2 127
9912 Jan.
10,042
561,900 Illinois Central
Deposits
267,629,900
267,068,000 Dec.
2014 May 11 40 78 Deo. 16
17,700
43,000 Lake Erie <fe Western
Circulation
18,474,400
18,431,400 Dec.
June 2 135*4 Dec. 24
95
139,585
Lake Shore
Nov.
8
The following shows the relation between the reserve and
Dec.
8 174
19,295 $77
Louisville <&Nashv..
21
July 22 57*2 Mar. 16
32,505
liabilities:
•
Manhattan
75
MAy 17 124 Dec. 24
29,150
Dec. 24.
Dec. 18.
Differences. Michigan Central....
Mav 25 49*4 Jan. 27
28ie
Inc.
95,390
Missouri
Kan.
&Tex.
$1,408,260
$57,586,000
Specie
$55,677,800
100
May
15,660
24 122*2 Dec. 24
Dec.
17,500
Morris
&
Essex
13,300,900
Legal tenders
13,318,400
5
Mar.
4712 June 1 128
20,800
Total reserve
$70,386,900 Inc. $1,390,700 Nashv. Chatt. & St. L.
$68,996,200
55,420 122 May 11 149 Dec. 24
N.Y. Cent.& Hud.Riv
June 1 49 5s Dec. 24
30
N.Y. Lake E. &West. 251,784
Res’ve req’d agt. deposits.
66,907,475
66,767,000
47
May 25 87% Dec. 24
15,942
Do
do pref.
Excess of reserve above
20
3,870
May 11 36 Jan. 14
Northern
Pacific
legal requirements
$3,619,900
$1,531,175
$2,088,725
Inc.
393s May 24 65*2 Dec. 16
Do
13,388
pref.
The money market has been easier during the week, and only Ohio & Mississippi..
23
May 25 44*2 Mar. 6
45,405
Mar.
8
in exceptional cases early in the week was a commission paid in Pacific Mail
76,900 2712 May 17 62

ably strong, and the surplus above dividends was large; and as a
result we see Lake Shore this afternoon at 135%, Michigan Cen¬
tral at 124 and N. Y. Central & Hudson at 149—all closing at a
fractional decline from these prices.
The New York City bank statement has been issued to-day
instead of Saturday, and is quite favorable in its results. The
following is a comparison of the average of the New York banks

Canada Southern....
Central of N. J

the

....

addition to 6 per cent. Loans have frequently been made in the
late hours of business at a lower rate than 5 per cent; a fair quo¬
tation for call money on all classes of collaterals is 5(8)6 per cent.
Prime commercial paper is nominally quoted
percent.
The Bank of England on Thursday showed a loss of £194,000

at5^@6^

in

specie for the week, and the reserve was 42 9-16 per cent of
liabilities, against 45 7-16 per cent the previous week ; the dis¬
count rate remains at 3 per cent. The Bank of France showed




Panama
Phila. <fe Reading
St.L.Iron Mt.&South.
St. L.& San Francisco
Do
pref.
Do
1st pref.
Onion Pacific

42,156
47,820
5,650
11,775
3,300
129,767
55,753
Wab.St. L. <fc Pacific
do pref. 127,245
Do
Western Union Tel.. 416,360

168

Jan.

May
May
May
2612 May
51*4 May

High

45*4
33*2

78*2

897e
100*4
111*8 134*«
75

343s 82%
74% 102%
495s 94%

7678 108
150*2

119
5
38
43

13*4
34

28
89*8
94
41*2
70*8

79*4 100%
28*2

116
67
35
35

108

89*2
72%
73% 98
53e 35%
75*8 104*2
35*2 83

112

21*8
37*2

139
49

78*6
40*2
65
+ 44*4
7% 3338
103s 39*2
182
Dec. 13 123
2 225
Jan.
3
7238
2

1312 July
3412 May 25
2514 May 11
33
60
80

Low.

66
48
65

11
11 97*2
11 109*2
25 48
25 873s

7712 Dec. 17 116*2

Feb.
Feb.
Dec.
Dec.
Dec.
Jan.
Dec.
Feb.

17
2
17
18
15

27
24
24

: i6

5*6 *
53

60*2
78*2
95

885o 116

December
The

daily highest and lowest prices have been
Saturday,
Dec
58
34

Am. Dist. Tel.

Atl.&Pac.Tel
“Canada South.
Cent, of N. J
Cent. Pacific
Ches. &Ohio
Do 1st prf.

pref.

Chic.&N. W..

pref.

C.R.I.&P .new
Ch.St.L.&N.O
Ch.St.P.M.&O

pref.

Clev.C. C.&I.
Col.Chic.&I.C.
Del.& H.Canal
Del.Lack.&W.
Denver& R.G.
Han.&St. Jo..
Do
pref.

Hous.&Tex.C.

Illinois Cent..
Lake Erle&W.
Lake Shore....
Louisv.&Nash
Manhattan....
Mar.&C.lst pf.
2d prf,
Do
Mich.Central.
Mobile&Ohio.
Mo.Kans.&T.
Mor.& Essex..
Nash.Ch.&StL
NewCent.Coal
N.Y.C.&H. R.
N.Y.L.E.&W.
Do
pref.
N.Y.Ont. & W.
Northern Pac.
Ohio Central..
Ohio & Miss...
Do
pref.
Pacific Mail...

Panama
Phil. & ReadV
8t.L.A.& T.IL
Do
pref.

DU. 20.

Du. 21.

00
34

594 394
35%
774 79%
80%
34

784 si%

80
84

82%
844
234 234

120% 122
*21

22

’'

45% 474
119%

119
70

79

84
23
32

Wednesd.
Du. 22.

Thursday,
Dec. 23.

59%

02

35

35%; '3334
79% 7'5 4

77%

45
119
70
29
144

40%
119%
77

294
145%
145% 146
48
48% 40% 48%
80
81%
81% 804 81%
314 32% 31% 32%
22

23

384

If4

91

30

02
■34

774

704

004

004

81%

,52% 225
52"
33

146%
48%
814
31%
33%
64%
244

334 334
03% 04%
234 23%
37% 39

80%
314
334
64%
23%
37%

91

91

38
92

52%

13%

91

524 53%
34% 34%
109

8t.L.I.M.& So. 55%
54%
St.L.A; S.Fran. 44%
44%
Do
04% 01
pref. 03
Do 1st prf. 904 974 95
Sutro Tunnel.
1%
Union Pacific. 107% 108% 100%
Wab.St.L.fc P. 44% 40% 44
Do
pref. 85%. 80% 844
West. Un.Tel. 79% 824 +79%

8*

35
78

20%

159

1814
113
123
120%
140%
140
41
48

98!

_

91%

21%
91

100%
81
504
105

72
1204
384
135%
87%
37%

5i%

524 524 53
334 334

109

50%

54

45
03
95

444

55%

00

954
1)

225

45
03
90
1%

109
55

*91

444
60%
954
1%
100%

50%
45
014
90
m
107%

40

1404 149
484 49!
83
31

04%
24%
37%

92

92

52

44
00

944

108*®
43%

83%
80

314
83%
64%
25

38%
97

’....225
52
54%
89
35

544

54%

37:

51% 52%

51% 52%

109

1004 107
444
43% 444 44
80% 83% 85
844 85%
80% x77% 80% 804 82%

108

1454 140%
474 48%
81
824
31
31%
33% 334
04% 04%
24% 25%
374 37%

109% 112
54% 544 55
44
444 44
00
00% 00
96
90
954
1%
1%
1%
108% 108% 109%
44%; 44% 454
85 | 84% 87%
81% 80% 81%

Dubuque&S.City.2d wk Dec.
EastTenn.V.&G.October
Flint & Pere Mar.2d wk Dec.
Gal. Har.tk San A.4th wk Nov
...

These

the prices bid and asked: no sale was made at the Board.
■+ Sales were also made ex-dlv. at 77%@78%.
are

State and Railroad Bond*.—jn

State bonds

the

Southern

State issues have

larly,

among

generally been very strong, Tennessees particu¬
the old bonds, selling at high prices. The repu¬

diated, abandoned

or

void-ab-initio bonds have also met with

much favor—such as Virginia deferred, North Carolina special
tax and South Carolina non-fundable.
Of railroad bonds there is not a sufficient supply to go around,
and under the impetus of the popular talk that Government 3
per cents selling at par, other good 6 per cent bonds ought
to be worth about 175, prices are constantly pushed upward. A

cautionary signal may well be hoisted here, and the suggestion
made that it is too early yet for 6 per cent railroad bonds to sell
at 150 in this country. There are too many channels in which
money can profitably be used at better rates.
Messrs. A. H. Muller & Son sold the following at auction:
Shares.
60 Mercantile Fire Tna
90%
50 Mercantile Mutual In3... 404
225 Harlem Gaslight
350 Central Park North &
East Kiver HR. Co., ex-div.105

Shares.
10 Brook. Acad, of Music.. J 034
Bonds.

$1,000 Indiana South. RR. 1st
mort.

78,1869,

coupon

on.$7 50

Exchange.—Foreign exchange has been much firmer this
as might have been anticipated, in consequence of the de¬
mand for January remittances. The outflow of stocks and bonds,
however, keeps up steadily, and the higher the range of prices
here the more ready are the European markets to absorb our
securities. To-day sterling bills were dull, but firm, on a basis of
about 4 80 for bankers’ sixty days sterling and 4 83 for demand.
Cable transfers were 4 83XA@4 83/£.
The following were the rates for domestic exchange on New
York at. the undermentioned cities to-day: Savannah, buying,
%, selling, 3^@par; Charleston, buying, % discount, selling,
par® ^6 discount; New Orleans commercial, 375@400 discount,
bank par ; St. Louis, 1-10 discount; Chicago, 50®75 discount;
Boston, about par.
week,

Railroad Bantings.—The

latest railroad earnings and the
totals from Jan. 1 to latest dates are given below. The state¬
ment includes the gross earnings of all railroads from which
returns can be obtained.
The columns under the heading
“Jan. 1 to latest date” furnish the gross earnings from Jan. 1

to, and including, the period mentioned in the second column.
Latest earnings reported
-Jan. 1 to latest dale.Week or Mo
1880.
1879.
1880.
1879.
Ala.Gt. Southern.November. $61,155
$49,600 $582,252
$390,644

Albany & Susq ..September.
Atch.Top. &S. Fe.2 wks Dec.

Atl. & Char.Air-L.October
Atl. &Gt. West
October
AtL Miss. & Ohio.October

...

...

...

Bur,C,Rap.&No..2dwk Dec.

158,980
420,470
127,332
497,232
235,910

105,362
307,693
88,498
477,776
200.308

42.984

37,330

1,055,122
8,113,655
743,023
1,673,402
1,945,518

Cairo & St. Louis. 1st wkDec.

786,312

6,069,652
595,611

1,366,315
1.436.696
246.585

7,790
386.423
11,210
Central Pacific...November.2,154,000 1,488,142 18,557,424 15,817,291
Ches. & Ohio
November. 239.073
148.073 2,454,577 1,757,377
Chicago <fc Alton .2d wk Dec. 145,514 141,644 7,420,585 5.488,965
Chic. Burl.&Q...October ...1,599,534 1,709,932 14,504,592 12,013,868

Chio.&G.Tr’k. Wk.end.Dec. 18
28,418
15,595
Chic. & East. HI..2d wk Dec.
18,758 1,233.611
29,847
Chic. Mil. & St. P.3d wk Dec. 352,000
227,017 12.698.810
Chic. & Northw..November. 1,820,600 1,558,476 17,898,340




835,256
9,662,500

14,772,478

1880.

1879.

1880.

1879.

$33,236 $1,522,445 $1,194,075
15,349
737,759
578,173

$35,965
16,407

205,601

232,875

42.556

43,723
186.675
22,041
94,543
8,198
90,323

64,877
19,467
86,012
8,684
112,762
29,697

858,982
3,356,387

87,333

139.077

1,690.399

8,918

5,978
27,122

303.735

211,530

1,090,315

997,507

117,136

35,073

32,955
32,984

757,684

3,499,151

399,816

396,914
890,292

1,197,737
766,681
884.076

981,542

19,535
118,034
24,359
31,964

24,366
128,802

870,386
4.184,587

847,819

1,038.150
1,514,030

1,083,300

November.

169,957

too oqn

Grand Trunk. Wk.end.Dec. 18
Gr’t Western.Wk.end.Dec. 17
Hannibal & St. Jo. 2d wk Dec.
Houst. & Texas C.2d wk Dec.

220,188
107,292

200,188 10,195,360
102,373 4,956,928

8,691,916
4,311,002

2,394,409
3,526,683

IllinoisCen. (Ill.).November.

1,857,552
3,035,746
0,190,010

Georgia

Do
(Iowa). November.
Indiana Bl. & W.. 2d wk Dec.
Ind. Dec. & Sp...November.
Int. & Gt. North.. 2d wk Dec.
Iowa Central
November.
K. C. Ft. S.& Gulf.3d wk Nov.

58,394

56,740

130,813

557,131
163,440

116,977
490,530
140,813

26,432

20,093

1,170,548

1,099,903

62,516
92,647

53,575

1,817,863

1,666,359

1.028,309
642,138

768,815
422,991
647,733

5,785,953
1,536,242

26,973
18,011

19,676

23,426
216,700

12,312
163,500

1,253,027

Marq. H. & Ont’n.November.
Memp. & Chari.. .2d wk Dec.

34,202
44,723

29,183
35,513

781.566

Minn. & St. Louis. 1st wk Dec.

17,418

10,761

Mo.Kan.&Texas.2d wk Dec.
83,759
Missouri Pacific..October
546.027
Mobile & Ohio
November. 252,222
Nashv. Ch.& St.L.November.
182,087
56 959
N. Y. <fc Canada ..September.
N. Y. Cent. &
N.Y. L. Erie& W.October ...1,899,910
N. Y. & N. Engl’d. 1 st wk Dec.
50,015
Northern Central.November.
459,054
48,800
Northern Pacific .3dwk Dec.

Hud.November.3,047’,541

1,141,171

323,691

2,801,835 30,772,015 26,521,216
1,713,697 15,965,240 13,595,040

48,159

3,693,349

377,316 4,556,077
24,073 2,485,156
1 8.684
9,440
375,135
5,€29.
196,128

November. 3,574,913 3,131,997 37,712,240

Peoria Dec.&Ev.2d wk Dec.
8,072
Philadel. & Erie..October
367,082
Phlla.& Reading.October ...1,746,299

424,465

3,351

,

1,961,690
313,552
144,640

31,166,351
245,896

323,803 3,120,849 2,514,584
1,542,911 14,839,670 12,377,394
386,154
54,200
38,930
482,659
196,561 181,574 1,415,572 1,132,097
21,849
23,254 1,319,412
976,640

...

Pitts.Titusv. &B.October

3,147,008
3,186,803
1,810,850
1,615,225

92,872 3,973,094
434,266 4,453,864
309,296 1,983,578
174.245 1,873,452
485,069
47,394

11,656
8,585
7,156

Ogd. & L. Champ.3d wk Nov.

Pad. & Eli zabetht. lstwk Dec.
Pad. & Memphis..4th wkNov

5,640,275
538,569
840,750

8,932,887

12,467

...

Pennsylvania

1,383,386

36,650

Kans.C.Law.&So.2d wkNov.
Lake Erie& West.2dwk Dec.
Louisv. & Nashv.2dwk Dec.

...

Rensselaer & Sar.September.

St.L.Alt.&T.H. ..2dwkDec.
“

184,729
57,301

189,900
59,461
66,374
78,500
33,153
6,668

...

8t.P.Minn.&Man.3d wk Dec.
St. Paul & S. City.. 2d wk Dec.
Scioto Valley
2dwkDec.

396,000
South. Pac. of Cal.November
81,519
Texas & Pacific ..lstwk Nor
33,119
fol.Peorla & War. 1st wk Oct.
Union Pacific
November..2,265,160
Wal. St. L. <fc Pac.2d wk Dec.
259,682
Wiso.ansin Cant... lstwk Dec.
28,718

638,970

14,623

22,790

Do
(brchs) .2d wk Dec.
St. L. Iron Mt.& S. 2d wk Dec.
St.L. & San Fran.2d wk Dec.
St.PauJ & Duluth.October
'

*

Jan. 1 to latest date.—*

earnings repot'led

Week or Mo.
Chic.St.P.Min&O 2<lwk Dec.
Chic. & W. Mich..3d wk Nov.
Cin. Ham. &Day.November.
Cin. Ind.8t.L.<fc C. 1st wk Dec.
Cincinnati South. October
Cin. & Spring!. ..2d wk Deo.
Clev.Col.Cin.&I.2dwk Dec.
Clev.Mt.V.&Del.2dwk Dec.
Del.&H.Can.. Pa.Div.. Sept.
Denver & Rio Gr 3dwk Dec.
Denv.S.P’k& Pac.November.
Des M.& FVDodg6.2d wk Dec.
Det. Lans. & No. .4th wk Nov
...

81%
914
24%
34%

SS*

....

It*

62

m 8*

844

145%
474

52% 54%

53%

Latest

121% 1224 12:4122% 1224 124
214 214 .21% 214 21% 22%
40% 40% *45% 40% 45% 454
119
120% 120% 121
121% 1224
79
704 78% 74
704
704

120% 122
21% 21%

.334 34
pref. 04% 05

Do

Tuesday,

59
x34

I*

Chic.Bur.A Q
Chic.M.&St.P

Do

Monday.

669

CHRONICLE.

follows:

as

814 80%
84% 84%! 844
2m
23% *22% 23% j 23%
32
32
32
32
*31% 32% 32%
20% 25%
24% 24%
~ 2m 244 24 % 21% 24% *24%
IfVi
154
154
155
152
1534 158 157
159* 152
179
175
177
1734 173 -oj 1T34 174-4 !73% 173% 173% 175
1134 1144; 1114 114% 110%U2% 112% 113% 111% 112% 111%
123
123
123
123
122%
123% 12 <%!1224 124
124%
1254 1204 122% 125% 122” 123% 123% 124% 124% 120
141% 139% 139% 140%
140% 141
139% 1404 *138 1394 140
'30
1354 1304
1304 1354 130% 134% 134% 1344 135% 135
41
•40
*40
41
39% 40
39% 41% 394 40
48
48
51
484
49%
48% 48
47% 49
49% 5m
97% 974 97%
95% 97% 974 98
97% 98% 90% 99
89
90
884 90
88% 89% 89% 894 384 894 894
20%
204 214 20% 214 20% 20% 204 20% 20 % 21
911
91% 90 4 91% 90%
91% 92% 90
92% 90% 91
100%
100% 107% 1044 107% 104% 105% 105% 1084 105% 1084
80
80%
804 79% SO
79% 79% 79% 81
49%
48% 49% 48% 50
47% 494 47% 49
103
98
98% 100%; 100 104
98% 100
99%
Y3% 74 | 72% 73
714
71% 74
125" 127 1234 120
1244 124% 1244 1254 1254
37%
374 38 ! 37* 38
38% 39% 374 39
130
131%; 130% 132 132%
128% 129% 128% 129%
80
85
80
88
80% 88 I 87
88
88%
364 38%! 30% 37% 304
34% 30% 85% 304
9
9
9% 10

2d prf.
Chic. & Alton.

Do

18.
00
34

75*4 79%
80'4 S2%
844 84 y

Do

Do

THE

25, 1880.J

42.000
20,149

8,064

77,707
34,140

529,107

5,960,719

5,003,263

2,584,336

1,551,283

502,787
3,082,409
1,410,456
303,717
4,545,000

2,502,379

1,057,473
276,211

1,060,518

926,905

222,657 11,872,640

8,5*80,204

1,796,343

17,729

1,064,046

762,500

following statement shows the con¬
Banks of New York City for the week
ending at the commencement of business on Dec. 18, 1880:
New

York Banks.—The

dition of the Associated

Average amount of

Capital. Loans and

Banks.

discounts.
*

New York
Manhattan Co.

2,000,000

Merchants
Mechanics’

2,000,000

Union
America
Phoenix

1,200,000
3,000,000
1,000,000

City

1,000,000
1,000,000
000,000
800,000
1,000,000
1,000,000
300,000
200,000
200,000
000,000
300,000
800,000
5,000,000

2,000,000

Tradesmen’s.
Fulton
Chemical
Merch’nts’ Exch.
Gallatin Nation’l
Butchers’&Drov.

Mechanics’ & Tr.
Greenwich
Leather Man’f’rs
Seventh Ward...
State of N. York.
American Exch..
Commerce

Broadway
Pacific

Republic

450.000

Chatham

People’s
North America..
Hanover

Irving
....

Citizens’
Nassau
Market

St. Nicholas
Shoe & Leather..
Corn

Exchange..

Continental
Oriental
Marine

Importers’ & Tr..
Park
Mech. Bkg. Ass’n
North River
East River

Fourth National.
Central Nat
Second Nation’l.
Ninth National..
First National...
Third National..
N. Y. Nat. Exch..
Bowery National
.

York County..

Germ’n Americ’n
Chase National..
Fifth Avenue....

Total

5,000,000

1,000,000
1,000,000
422,700
1,500,000

Mercantile

Metropolitan

2,050,000

412,500
700,000
1,000,000
500,000
3,000.000
000,000
1,000,000
500,000
500,000
500,000
1,000,000
1,000,000
300,000
400,000

Specie.
*

than U. S.

other

I

*

1,745.000

245.000

7,233,000

489.500

0.008,100
0,039,000
4,081.700
8.381.100

l,154.hOC

351.300
497.00C

4.113.100
5,019,300
5,178,000
8.979.500
5.534.200
3,705,000
8.133.200

3,967,000
7,871,000
3.014.800
1.502.800
12,010,100
3.939.200
4,028.600
1.301.400
972,000
941,100
3.219.800
874.000
3.823.000

13,539,000

15,578.901*
5.296.100
3,493.000
2.358.700
5.250.400
3.497.700
1.495.400
2.380.400
7,070,000
2,720.000

913,000

l,0i.7,900
950.200
020,000
2.181.500

158,000
78.300

415.200

110.700

2,548.000
439.000

535.500

494.700
254.200

100,000
20.300
528,000
158,000
701.500
1,925.000
2.725.500
070.000
080.500

198.500
450,400
007,400
104.100
283,000
1.348.500
304,000

5,047.000

4.738.300
I2.900.00o

1.012.200
2 8S7.100

1,000,000
300,000

0,902,500

1,540.800

250,000

1.409.300
1.534,000

200,000

1.204.500

1,000,300
8,417,000
2,451.000

4.338.500
174.300
29.500
82.300

992.000

804,000
3.335.300

423.000

9.448.000

402.200
850.200
89,000

10.214.800
3,910.000

247,000

3.170.800
2.157.800

133.900
141,000
132.000

3.704.400
1.493.300

224,000
358.400
252.800

151.000
813.800
414.900

19,247,900
10,480.000

1,097,900

120.100

208.500

407.200
155,000
225.000

2.147.200
>

2.550.100
830.000

35.700

501.800

1.732.700
1.275.400
H.581,900
3.106.200

02.800

081,000

18L.800

2,7«5.70C

10.988.500

121,000
215.100
118,000

1.434,300

2.274.100

920.200
957.900

312.300
121,200
04,990

231.000
285.700
72.701*
98.800
101.700
778.100
51.000
180.100

11,054.000 2,004,000
248.100
2,025,900
2.282.100
3.242.000
3.524.50C
0,508.500
1.702.200

422,000
119.800
327.100
153.000

270.500

1,500,000
2,000,000
500,000
240,000
250,000
3,200,000
2,000,000
300,000
750,000
500,000

100,000

j Net dept's

8,440,000
0,0,(4.300

3.500.000

750,000
300,000

Legal
Tenders.

32,100
91.800

114.100!

2.381.900
2.400.700
7.293.700
2.420.100
10,531,000
2.140,000
2.130.200
2.270.500
l.yOO^OO
3.502.100
2.071.700
0,814,300
1,000/.00
8.075,Oi)O
20,500.400
19.0O9.OOC
050,700
708,000
797,900

445.100
747;000
201,000
202.300
184.000
310.100

18.920.800
8.120.000
2,922.000

147.100

93.200,

33.000

302,000
313.400
82.300
83.000

1.041.500
1.187.700

1.520.800
1.993.900

72,400

1.532.500

0,313.500
1,029,000
400.000

2.141.500

74.800
204,500

3,076,900
1,488,000

933,000
321.800

5,023.300
13,722.300

0,823.200

3 972.700

Circula¬
tion.

$

495,000
400

300,000
44,500
1.100

207,000

799,766
000,800

790,400
256,000
180.000
2,700

479,300
37,800
586.000
443,000

1.221,400
900,000
180,000

I,ll7,l66

45,000

5,400
800,000

429,000
45,000

209,000
3,900

448,700
448,000
450,000
4,000
780,300

180,066
1,120,800
45,000

44,000
223 800

810,b00
1,287,000
45,000
90,000
450,000
797.000
208,800

225,000
180,000

154,800

18,474.400
00.475,200 293.878.000 55.077.800 13.318.400 207,029.900

THE CHRONICLE.

670

[Yol. XXXI.

NEW YORK.

QUOTATIONS OF STOCKS AND BONDS IN
IT. 8. Bonds and active Railroad Stocks are

quoted on a previous page.

BONDS.

STATE

Alabama/—Class A, 2 to 5
Class A, 2 to 5, small
Class B, 5s

95
88
21
10
12
9
9
9

Arkansas—6s, funded
7s, L. Rock A Ft. Scott iss.
7b, Memo. A L. Rock RR .
7s, L. R P. B. A N. O. ItR.
7s, Miss. O. A R. R. RR...
7b, Arkansas Central RR.
C!f>n n pnt.i p.111.—6s

7s| endorsed.

105
110

Missouri—6s, due 1882 or ’83
6s, due 1886
6s, due 1887
6s, due 1888
6s, due 1889 or ’90

74*

73*

...

91

28

....

Louisiana^—7s, consolidated

N. Carolina.—Continued..
No. Car. RR., J. A J

r

110*

off, J. A J.off, A.AO.
Funding act, 1866
do
do

...I
„

t

coup,
coup,

1868

do

i

.

Now bonds, J. A J
do
A.AO
Chatham RR

U)~

90
91)

r

*

r

*

t

-

t

•

AND

MISCELLANEOUS

Ch.Mil.A St.P.—Continued.

Railroad Stocks.

1st m., 7s. $ g’ld,R.D.,1902
1st m.. La C. Div., 1893....
1st m., I. A M’, 1897

(Acuot j>revioualu quoted.)
Albany A Susquehanna.... 117%
Atchison Top. & Santa Fe. §143
Boston A N. Y. Air L., pref.
§47
Burl. Cedar Rapids & No...
75*
Cedar Falls & Minnesota... §18

r

•

Metropolitan Elevated
N. Y. Elevated
N. Y. New Haven A Hartf.
N. Y. Ontario A West.,pref.
Peoria Decatur A Evansv.
Pitts. Ft. W. & Chic., guar

*

-r

t

....

48%
50*

50*

•

•

•.

•

6*
7

•

•

•

85

83*
81

•

100

•

107

6s,

new

6s,

new

STOCKS

•

•

•

•

•

Registered

•

.

•

Funding 5s, 1899

•

•

do

127
114

•

•

•

•

127*'
81

§50**

Equipment bonds—.—
6s, 1909

12434

Mo.K. A T.—Cons. ass..1904-6
2d mortgage, inc., 1911 —
H. A Cent. Mo., 1st., 1890.
Mobile A Ohio—NeV m., 6s.
Nash. Chat. A St. L.—1st 7s
N. Y. Central—68, 1883

124
124
125
£104

,

....

•

•

.V
®

^

....

74%

75%

33

15*
102
102
•

registered

•

18

108*
•

•

....

-

-

.

«

•

•

•

•

.

..

88

....

.

,

32
33
33
105

87
Cent. Iowa coup, debt certs. 1
C.St.P.A M’s L. Gr.,In.6s,’98 121
96
Ohic.A East’n Ill., Inc.,1907.
Ind’s Bl. A W’n—Inc., 1919..
67*

120
117

*

•

♦

■

...

63i

AND BONDS.

Mich. Cent.—Cons., 7s, 1902
1st mort., 8s, 1882, s. f

124
124

series

Virgina—6s, old
6s, new, 1866
..
6s, new, 1867
6s, consol, bonds
6s, ex matured coupon....
6s, consol., 2d series
6s, deferred
t.
D.of Columbia—3‘65s, 1924.

(i

*

160"
78

Memphis A Charleston

-

PH**

§77*

Harlem....
Ind Bloom. & Western....
lntern’l & Gt. Northern....
Keokuk A Des Moines
do
do
pref.
Long Island
.......
Louisv. N Alb. & Chicago..

51

6

68
11*4% 114% Ind’s Dec. A Sp’d. 2d Inc... £60* 61
1. & D., 1899
89
88
77% 78% Int. & Gt. Northern—2d Inc
C. A M., 1903
1( 934 no
85
86
Leh. A Wilkes B.Coal—1888
Con. sinking fund, 1905...
106
107
Lake Erie A W’n—lnc.7s,’9S
68%
2d mortgage, 1884
118
72* 75Laf. Bl.A Mun.—Inc. 7.1899
1st m., 7s, I.A D,Ext.,1908 12354
MobileA O.—1st pref. deben
86% 87
104* 105
108%
3.-west div., 1st 6s, 1909.
109
2d pref. debentures
51% 54
6s, 1887
1st 5s, LaC. A I)av., 1919.
104
39
3d
do
110%
68, real estate
1st So. Minn. div. 6s, 1910.
104
4th
do
40* 42* ’
6s, subscription
s.
Ist m.. H. A D.. 7s. 1910... 119*
138
90
N. Y.LakeE.AW.Inc. 6s.l077
90%
N. Y. C. AHud., 1st m„ cp. 136
Chic. A Pac. div.. 6s,1910.. m*
t
140
N.Y.Pa.AO.,lst inc. ac. 5-7s.
60%
1st m., reg
do
Chic. A Northw.—Sink. f’d. £111
11*0
6S
N.O. Mob. ATex.deb.se.,1930
105
Huds. R., 7s, 2d m., s.f.,’85
Int. bonds
10434 104* Ohio Central—Inc., 1920....
Canada South., 1st, int. g.
59% 60
Consol, bonds
135
1 112
75
132*
Dec
Peoria
A E’vil’e—Incs.
Harlem, 1st m., 7s, coup.,
Extension bonds
69* * 70
ni j
Evansv, div. Inc. 1920
do
1st m., 7s, reg.... 132* 135
1st mortgage
92
St.L.I.M.AS.—1st 7s,prf .int.
N. Y. Elevated—1st, 7s. 1906 £1 IS*
128*; 13.)
Coupon gold bonds
76*
130
2d int., 6s, accum’lative .
N.Y.Pa.AO.,prior lien 6s,*95 106U
Registered gold bonds... £127%
U10* HI* Nevada Central—1st m. 6s. 160*
Sinking fund
119
Miscellaneous
List.
Ohio A Miss.—Consol, s. f’d
do
registered..
119
130~
(Brokers' Quotations.)
Consolidated
Iowa Midland, 1st in., 8s..
120* 122
RAILROADS.
2d consolidated
Galena A Chicago, exten. £104%
116
106
116%
125
1st
Bost.
A N.. Y Air-L—1st m. 1105
m., Springfield div —
Peninsula, 1st m., conv... £122
106
70
105%
128
60
Ohio Cent., 1st m., 6s. 1920.
Chic.ACan.So.—1st m.,g.,7s
Chic. A Mil., 1st
108
do 1st Ter’l Tr.,6s,1920 101*
Chic. A E. Ill—S. F.c’y 1907 104* 106
Winona A St. P., 1st m. .. 120
125
106
Peoria Dec. A E’ville, 1st 6s
Chic.A Southwest.—78, guar 120
2d m....
do
108
125
Evansv. div.,1st 6s, 1920..
Cin. Lafayette A Ch.—1st m 103
C. C. C. A Ind’s—1st, 7s, s. f.
121
Pacific
Railroads—
Cin. A Spr.—1st, C.C.C.AI.,7s 110
Consol, mortgage
115
1st m.,g’d L.S. AM. S.,7s.
Central Pacific—Gold bds. 116* 117
C. St.L.A N. O.- Ten. lien 7s
106
105
11*5*'
San Joaquin Branch....
Erie A Pittsburg—1st m., 7s +100
1st con. 78
165
110
106
105
Con.
Cal.
A
104%
Oregon,
1st
mortgage,
7s
C. St. P. Minn.A O’aCons.Os
109
90
State Aid bonds
7s, equipment
... .,
Ch.St.P.A Mm.,1st 6-.1918
•1O8*' Evansv.
108*
£105
Land grant bonds...—
A Crawfordsv. -7s. 103
N.Wisc.. 1st M., 6s., 1930..
lt-'O
Western Pacific bonds.. £112
Flint A Pere M.—8s, I’d gr’t 102
St. P.A Sioux C.lst 6s.1919
110*
£102
100
Consolidated 8s
South Pac. of Cal.—1st m. 102* 103
Del. Lack. A W — 2d mort
82
£113
81
Preferred stock
Union Pacific—1st mort.. 116%
7s, convertible
114
114*
26
25
£125
Land grants, 7s
Stock
Mortgage 7s, 1907.
122
121
85
117
71
12*6
Galv.Hous.A H.—7s, gld,’71
Sinking fund
Svr. Bii gli. A N. Y., 1st, 7s
119
125
£134*
Registered, 8s
Gr’ndR.AInd.—lst,7s,l.g.gu 115
Morris A Essex, 1st m
112
10(3%
117
118
Collateral Trust, 6s
2d mort
1st, 7s. Id. gr., not guar... 106
do
90
Kansas Pac.-1st, 6X. 1 gr.,7s....
bonds, 1900
do
124
95*
88
1st m., 6s, ’05, with cp.ctfs
construct’n £10*6* 112
Indianapolis A St.L.—1st, 7s
do
121
66
60
I
1st m.. 6s, *96,
2d mortgage
do
7s of 1871. £118
do
78
125
74
Den. Div. 6s ass. cp.ctf... 114*
Kansas A Nebraska— 1st m.
1st con.,g’d..
do
34
101%
106
81
do
1st consol. 6s
2d mort
Del. A Hud.Canal—1st in.,’84 xl04*
118
105* Long Island—1st mortgage. 111
116
Mo. Pac.1st cons. 6?,1920.
1st mortgage, 1891
109
90
108*
85
Pacific RR. of Mo.—ist m.
do
2d mortgage.
extended
do
74
117% Midland of N. J.—1st, new.
£11*4*'
73
2d mortgage
Coup., 7s,’94
do
102
11
100%
114
10
St.L. A S.F., 2d 6s.class A.
Income, “ A ”
Reg. 7s,’94.
do
86'
7
120
5
do
3-6s, class C.
“B”
do
1st Pa. div., coup., 7s, 1917
50
t
45
88* 90
125
do
S-6s. class B.
N.Y.AGreenw. L.—1st, s, n.
do
reg., 7s. 1917 .
17
115
do 1st 6s,Peirce,CAO
2d
do
Albany A Susqueb., 1st m.
103* St.
87
82
108
do Equipra’t 7s, ’95
do
2d mort
Joseph A Pacific—1st m.
38
35
106%
South Pac. cf Mo.—1st m.
2d mortgage
1st con., guar 125 jl25%
do
105
18
£133
15
Texas A Pac.—1st, 6s, 1905.
St. Jo. A Western stock
Rens.A Saratoga, 1st,coup
100
105
Consol. 6s. 1905
South Side (L. 1.)—1st mort 103
• • • •
do
1st, reg.
112
75%
Income and land gr’t. reg.
Union A Logansport—7s.... 108
Denv.A R. Grande—1st,1900 114%'ll5
99% 100
1st Rio Gr, Div., 6s, 1930.
do
1st cons. 7s. 1910 115%: 115%
Southern
110% 110%i Pennsylvania RR—
Den. S. P. A Pac.,1st 7s,1905
125
....j Pitts.Ft.W.A Chic., 1st m. 140
Erie—1st mort., extended..
(Brokers' Quotations.)
do
2d m..
107* 109
do
2d mortg., ext’n 5s. 1919.
STATES.
ti22 '
110
111
I
do
3d
m..
do
3d mortgage, 7s, 1883... ..
no
107
So.Carolina—Con., 6s (good) 101
Cleve.A Pitts., consol., s.f. £104
107%
no
4th mort. Ext., 5s, 1920...
106
Brown cons
U334
£110
mort...
do
4th
112*
no
oth mortgage, 7s. 1888
109
Texas—6s, 1892
M.AS. ++ 106
12>% 13)
Col. Chic. A I. C., 1st con., 107
116
1st cons, gold 7s, 1920..
L14
118 1120
7s, gold, 1892-1910 .. J.A J
do
2d con...
118
Long Dock bonds
+ 115
£10*53*4
7s,
J
gold,
1904
J.A
do IstTr’tCo.ctfs.ass.
Buff. N.Y.A E, 1st m., 1916 123*
52
51
Virginia—New 10-40s
do 2d
do
ass.
100%
N.Y.L.E.AW.,n.2d,con.,6s £99%
106
125
105%
Past-due
do
1st
do
Coupons.—
suppl
do 1st, con., f, cn. ,7s
20
127* Tennesssee State coupons
£94* 9534. St.L. Va.AT.H., 1st g.7s,r97 £..
do 2d,con.,f.cp.,5s.0s
106
102*
do
2d 7s, 1898
So. Carolina consol., valid.. 103
G«l. Har’g A S. Ant’o. 1st 6s
20
15
do
2dgtd.7s, ’98
Virginia coupons
1st La Grange Ex .6s,1910 102*
92
90
79% 80
102*
Rome Wat. A Og.—Con. 1st.
consol, coupons
^o
2d mortgage, 7s. 1905.
111
118%
112*
St.
Iron
Mount’n—1st
m
L.
A
llan. A St. Jos.—8s, conv...
RAILROADS.
107
2d mortgage
Hous.ATex.C.—1st, m.l.,7s 112* 112%
108
10834 Ala. AChat.— Rec’rsctfs,var
112% 113
Arkansas Br., 1st mort..
1st mort., West. Div., 7s..
+107“ 111**
11434 H4* Atlantic A Gulf—Consol
Cairo A Fulton, 1st mort
1st mort., Waco A N., 7s- £111
117
107
107* Cent. Georgia—Cons, m., 7s 115
114%
Cairo Ark. A T., 1st mort
2d C., Main line, 8s
109
108
118
♦112
Stock
£115
St.
Alton
A
H.—1st
m
L.
T.
2d Waco A N., 8s ..
no
109
109
Charl’te Col.A A.—Cons., 7s 109
97
2d mortgage, pref
Inc. and ind’y, 7s..
90* 100*
99 !
2d mortgage, 7s
ist m.,
1st m.,

78

§35

Dubuque & Sioux City
Frankfort & Kokomo

50

♦

RAILROAD

Central Iowa
1st pref
do
do
2d pref
Chicago & Alton, pref
Cin. Ind. St. L. A Chic
Clev. & Pittsburg, guar....

South Carolina—
6s, Act Mar 23 1869 )
Non-fundable
J * **
Tennessee—6s, old

1

117

7s, 1890

Rhode Island—6s,coup.’93-9

120

....

6 'A

Ohio—6s, 1881
6s, 1886

....

•

•

.

12
20
20

5*

do
class 2
do
class 3
Consol. 4s, 1910
Small

....

...

....

12

Special tax, class 1

10?
104
117
118
120
32
82

Bid.

.

115
115

Asti*

SECURITIES.

Ask.

Bid.

SECURITIES.

....

111
111
112
113
110
no

Asylum or Univ., due ’92.
Funding, 1894-95
Hannibal A St. Jo., 1886..
do
1887..
do
New York—6s, gold, res.,’87
6s, gold, coup., 1887
107%
107
6s, loan, 1883
112
6s, do 1891
6s, do 1892
111*
120**
116
6s. do
1893
52% 53% North Carolina—6s, old.JAJ
110
1(5
6s, old, A.A O

7s. gold

Ask.

Bid.

SECURITIES.

Ask.

Bid.

SECURITIES.

Prices represent the per cent value, whatever the par may he.

.

....

§4T~"
25

•

§44

•

....

xiii** 112*

do
do
spec’l.
Pitts. Titusville & Buffalo..
Rensselaer A Saratoga
Rome Watertown A Ogd...
8t. Paul A Duluth
do
do
pref.
St. Paul Minn. A Man .

123
170

125
....

27%

27%

125
125

•

•

•

•

...

....

»

.

....

•

r

r

-

„

„

„

....

....

....

§ is
§35
§67

....

....

§78

*,*•

Stonington

....

Texas A Pacific
United N. J. RR. A Canal

§45%

....

Miscellaneous St’ks.
Express
American Express.,...
United States Express.
Wells, Fargo A Co
American Coal
American Union Telegraph
Boston T.;»nd Company
Boston Water Power
Adams

....

....

120

119

b3%
52%

63%

11*3

116

do

do

,,,,

71*

♦

4%

4/4
20

30

$3314
§38
12

6%
29*

13

7*
50

§9

§2'

seS

N.Y.&StraitsvilleCoal&Iron
N.Y. A Texas Land, limited
3114
Ontario Silver Mining
34
33
Oregon Railway & Nav. Co §135
220*
210
Pennsylvania Coal
Pullman Palace Car
124
123
§12%
Quicksilver
*

do

pref

51

3ilver Cliff Mining
Standard Cons. Gold Mining
Btormont Silver Mining....

§214
22 %

si*
23*

5.3%

Railroad Bonds.

...

.

Securities.

....

•

•

•

•

.

,

Stock Exchange

Ihrices.
Bait. & O.—1st 6s,Prk.b.l919

•

.

....

§21?4

Montauk Gas Coal

.

-

pref.

Maryland Coal

JL

....

52

Little Pittsburg Mining ..
Mariposa L’d A Mining Co

....
...

Canton Co., Baltimore
Caribou Consol. Mining

Central Arizona Mining....
Central N. J. Land Imp
Climax Mining
Colorado Coal A Iron
Consolidation Coal of Md..
Cumberland Coal A Iron....
Cumberl’d A Elk Lick Coal.
Deadwood Mining
Excelsior Mining
Homestake Mining
La Plata Mining
Leadville Mining

•

„

income
do
Ill.Cent.—Dub.ASioux C.lst
42
40
Stock
*••»•••
•••••
£110
Belleville A So. 111., 1st m. £11*2
Dub. A Sioux C., 2d div.
98
102
East
Tenn.
A
Georgia—6s
11’-%
in%
£1
14
St. P. M. A Manit’a—1st, 7s.
Cedar F. A Minn., 1st m
102
10234 102* E.Tenn.A Va.—6s,end.Tenn 100
2d mort., 6s, 1909
99“ 100* Ind. Bl’m A W.—1st, pref. 7s 121
115
116
A
Tol.
Peo.
W.—
110
1st mort., 7s, 1900
78
70
Pur. Com. rec’pts, lst,E.D 143
Stock
6034
2d mort., 1909
105 107
143
ii Georgia RR.—7s.
1st mortgage, W. D
ns *
Ind’s Decatur A Sp’d 1st 7s 105
6s
106* 106%
Burlington Div
Int. A Gt North. 1st 6s,gld.
112
117
Chesap.A O.—Pur. m’y fund £109
Stock
1st pref. inc. for 2d mort. £85* *
7914 7w% L. Shore—M.S.AN.1., s.f.,7s 109%' 110
104
6s, gold, series B, int. def.
£85
lstpref.
for
inc,
consol...
49m:
49*
Cleve. A Tol., sink. fund..
104
6s, currencv, int. deferred
95
95%
7s, guar
107
Wab.St.L.AP.,gen.,6sl920..
do
new bonds.
100
Chicago A Alton—1st mort.
90
Macon A Aug.—2d, endors
s:l4
do
106*'
Chic.div.,5s,1910
104*'
Cleve.
P’ville
A
Ash.,
7s
104
110
Income
10734
116
Wab. RR.—Mortg. 7s of ’79.
Buffalo A Erie, new bds... 123
102
108
Sinking fund
£112
2d. 7s.
T.AWab.,lst ext.7s
Buffalo A State lane, 7s.. 104
42
40
Joliet A Chicago, 1st m...
Stock.
1st St. L. div.7s,ex mat.cp. 108*
Kal’zoo A W. Pigeon, 1st.
106
102
Louis’a A Mo., 1st m., guar 115*
107%
2d
ext.,
ex
coup
107
mortgage
Det.Mon.
A
T.,
1st,
7s.’190G
do
2d 7s, 1900.
no
112
40
2d mort., 8s
Equipment bonds, 7s, 1883 11 i
Lake Shore Div. bonds... 120* 126
8t. L. Jack. & Chic., 1st m. 117*
130
Miss. A Tenn.—1st m.
131
Consol, conv., 7s.
do
cons, coup., 1st
Miss. Riv. Bridge, 1st, s.f, 6s 105
114
+110
113
1st mortgage, 8s, B.
127% 128*
Gt. Western, 1st m., ex cp
do
cons, reg., 1st.,
115
118
Chic. Bur. & Q.—8 p.c., 1st m £111
108* N. O. A Jacks.—1st m.
125
do 2d m.,7s.’93,ex cp 108
do
cons. coup.. 2d.
130% 130%
Consol, mort., 7s
116
112
108
124
126*'
£104
do
cons.
reg..
2d
108
5s, sinking fund
H3
102
105
121
122
l.ASo.
la.,
1st
m.7s,ex
129*'
cp
102
Louisv.
A
Nash.—Cons.m.,7s
127*
Chic. Rk. I.A P.—6s, cp.,1917
103
1st mortgage, 7s
105
Hannibal A Naples, 1st 7s £102
’inQ
1U5%
2d mort.,7j9, gold
HO
3a, 1917, registered
114
2d mortgagees
St.L. K.C-A N.R. E.A R.,7s no
Cecilian Branch, 7sA.
Keok.A Des M., 1st, g., 5s. idi
125
12 >
Northeast., S. C.—1st m., 83
103
Omaha Div., 1st mort., 7s 117
104*
N.O. A Mob.,lst6s. T930..
115
Central of N. J.—1st m., ’90. 119
£.
2d mortgage. 8s.....
09
101*
Clarinda
b.,6s,
1919
E.
H.
A
Nash.,
1st
6s,
1919
1st consolidated
106
104
Rich.A Dan.—1st ocnsol-,6i
101% 102*
St.Chas.B’dge.lst, 7s, 1908 104
Gen. mort. 6s, 1930
do
assented.
107
| Southw. Ga.—Conv ,7s, ’86
North Missouri. 1st m., 7s £123
Nashv. A Decatur, 1st, 7s. 115*
no
Convertible
105
Stock »•*••••••••»••• •»•••• !
116
116%!
West. Un. Tel—1900, coup.
!!*. L. Erie A West.-lstBs, 1919 £108*
do
assented
110
105
Carolina
S.
RR.ist
ra.,
7s
115*
116%
106*
1108*
112 ;113
Laf. Bl. A Mun.—1st 6s. 1919
22
Adjustment, 1903
1
20
Stock. as39S3mt. paid
£110
I
Manhattan Beach Co. 7s,’99
£....} 98
Lehigh A W. B., con., g’d.. 125
92* 66*
108
xt u
>01
inKXs: 1
h.
1
7s, 1902, non-enjo aed ...
do
assent’d 105% 105* N.Y. A Man. Beach 1st 7s,’97 107*1108* Oregon R. A Nav.—1st, 6s..1
42
37
Non-mortg. bonds
INCOME BONDS.
124
Marietta A Cin.—1st mort..
I2i*;i2i
Am. Doek A Impr. bonds,
1T6
114
94 * 94* West Ala.—1st mort., 8s...
Central of N. J.—190S
1st mort., sterling
do
assented 123
116
114
2d mort.. 8s, guar
87- 100
Chic.St-.L.AN.O.—2d m. 1907
T(Vt
tfVI
O
T
Metropolitan Elev—lst.1908
Chic.Mil. A 8t.P.—lst.Ss.P.D 134

Bost. H. & Erie—1st m
1st mort., guar
Bur. Ced.R.A North.—lst,5s
Minn.A St. L., 1st, 7s, guar
Iowa City & West’n,lst7s
Central Iowa, 1st m.7s, 1899

48%

48*

38*

„

c

•

....

..

...

....

■*'***

,

t

f

,

....

....

....

.

.

.

.

*

....

.

♦

•

.

•

S. A Tol., 1st, 7s, *90,ex cp.

.

...

.

.

.

•

M

t

**•

.

.

1

.

•

ii3%!

...

—

108*j

rr»ort... 7 9-10

P n

Prices nominal,




icoc

194U

rtn

t And accrued interest,

Rq

■

1QOQ

306*jl06%
05

1

rv»i omp

frin* n

•?« icon

*«£,<

XT

m

t

t No price to-day; these are latest

&

quotations made this week.

.

.

’*.!!jn*5*

Q*

•

.

t No quotation to-dsj; latest sale t*is wi ek

•

December

THE

25, 1880.]

671 1

CHRONICLE.
EXPENSES AND NET INCOME.

1879-80.

187B-79''

$206,314

$140368.

104,307

1,173,736
100,692
45,999

118,462:
31,660
78,677
224368
1,014,28s.
98,451
47,045

$2,370,990

$2,920314

$1,923,245

$1,912,680

228,259

221,020

130,000

130,000

$1,564,985

$1,561,659b

Repairs of roadway
Repairs of passenger and baggage cars..
Repairs of freight cars
New

of the

The Investors’ Supplement contains a complete exhibit
Funded Debt of States and Cities and of the Stocks and

Bonds

Companies. It is published on the last
Saturday of every other month—viz.t February, April, June,
August,' October and December, and is furnished without extra
charge to all regular subscribers of the Chronicle. Single copies

of Railroads and other

are

sold at $2 per copy.

54,274

159,054

freight cars

Coal and wood for

244,465

engines..

Wages and incidentals
Switchmen, signalmen and watchmen...,
General expenses,

office expenses

Total operating expenses
Balance net earnings
Deducting taxes
Deducting coupon interest,

t

H. R. & P. C.

R.R

REPORTS.

ANNUAL

Net surplus income

TRAFFIC STATISTICS.

Hudson River.

New York Central &

Statistics for the year

(For the year ending September 30, 18S0.)
In advance of the annual report, the following brief
ment is issued :
GROSS

Total

1879-80.

4,173,231

4,364,787

$28,396,583

$33,175,913

16,123,072

17,849,894

$12,273,510

$15,326,018

4,679,021

4,745,158
11,640

$7,594,485

$10,569,219

Total expenses

‘

Net earnings
Interest and rentals
State tax on earnings one

•

month—‘

Profit
Dividend (8 per cent)

$3,427,706
$11 82
53-80
is the cost of 6,355 tons of
$454,957
$8 49
56 77

share

Expenses, per cent

Included in operating expenses
steel rails.
There has been expended from the

during the year the

and
new sidings
:
Depot, freight-house and yard improvements, Buffalo, East
Land

New York

(2,909)

bought at Buffalo, Syracuse and

65th St., N. Y. City

..

52,342
73,093
314,916
252,050
1,467,165
1,085,915
$3,281,439

Total
1878-9.

$0 78

Freight—Earnings per ton per mile....'
Freight—Expenses per ton per mile

0 54
$9 24
$2 05
,1 20

Freight—Profit per ton per mile
Passengers—Earnings per passenger mile
Passengers—Expenses per passenger mile

$0 85
New Haven & Hartford.

Passengers—Profit per passenger mile
New

York

1879-80.

0 54

over our

road.

In other words,

for it, while the gain is not in the same ratio as the
tonnage or number of passengers. Our expenses
also show an increase over last year, resulting from the increase
of work done and the advanced* cost of labor and supplies. Dur¬
ing the year various additions have been made to our rolling
stock and depot facilities. About one hundred and eighty-four
feet of bulkhead and water front have been purchased adjoin¬
ing our freight depot at pier 50, on the East River, and a new
and commodious freight house has been erected thereon. This
has fully doubled our capacity to receive and deliver freight at
that important station. The increase of our freighting busi¬
ness in New York City, as was stated in our report of last year
would probably be the case, has made this investment, in the
judgment of the Board, a necessity. The total cost of this en¬
largement was about sixty thousand dollars.
The revival of business throughout the country and £he
consequent growth of our passengeFand freight traffic have en¬
abled us to meet all expenses of additions, &c., together with
the increased expense of keeping up and operating the road
and rolling stock, and to pay the customary dividend, notwith¬
standing the large reduction made in our passenger rates in
the spring of 1880. But for this growth contemporaneous with,
but not, to any great extent certainly, caused by, such reduction
of fares, our passenger receipts would have fallen off approxi¬
mately in the proportion of that reduction.” .
pay

increase in

“

income

1879-80.
1879-80.

From
From
From
From

transportation of passengers
$2,347,565
transportation of freight
1,634,092
271,156
transportation of mails and express.

41,421

interest, Ac

$4,294,235

operating expenses are given in
following are the principal items :
The




much

,

$12,839,584

2,154,454

Equipment, tugs aud barges

560,274
128,688
425,296
23.835
99,614

Real estate
Docks and wharves
Materials and supplies on hand
:
Materials aud supplies ou hand, Shore Line Division
Debit Balance, Shore Line Division
.
Cash, cash assets, loaus, aud due from agents aud connect¬

1,694,965

ing roads

$17,976,714
Cr.

Capital stock, 155,000 shares
Bills pavable
Accounts payable
Contingent Account

15,500,000
3,000
328,431

:....

169,264

1,976,021

Profit and loss

$17,976,714

Total
SHORE LINE DIVISION.

The
30

receipts

were as

on

this division for the year ending September

follows

From transportation
From transportation
From transportation

:

1879-80.

1878-79.

$241,03 i

$2G6.52G

77,212

62,343

13,470
17,394

13,470*
16,745

$349,111

$299.08£4

$191,625

$155,915

of freight.
of mails
of express, &c.

The expenses were
For

Gain for the year

100,000

100.000

$34,486
$34,486

$43*171*

Western Maryland.

{For the year ending September

$0 73

will be learned from the foiegoing figures, we have done a
good deal more work this year than last and have got some

more

Railroad

1 26

as

HAVEN &

NEW YORK NEW
OCT. 1, 1880.

THE

OF

Dr.

Cost of

$0 33
$1 99

“

done

SHEET

.$0 87

(For the year ending Sept. 30,1880.)
In the annual report jast published the President remarks :
It is gratifying to this Board, as it no doubt is also to you,
that the receipts of the company for the fiscal year ending
October 1, 1S80, are considerably in excess of those of the previ¬
ous year, though that excess is not in proportion to the increase
in the volume of business

BALANCE

—..

HARTFORD RAILROAD COMPANY

$35,925

Grading for new tracks, Buffalo and East Buffalo
New bridges
Superstructure for new tracks, Buffalo and East Buffalo,

New cars

3.587,899
103,113,443
1,209,630
63,187,479

4,600,507
passengers moved one mile.. 125,300,345
tons freight moved
1,318,687
tons freight moved one mile. 78,372,806
passengers

CONDENSED

surplus for construction

following sums:

Buffalo aiid Sixty-fifth Street,
Additional locomotives (37)

Number of
Number of
Number of
Number of

7,141,512

7,139,528

—

Surplus
Profit per

state¬

$0,611,159
22,199,965

$5,953,101
18,270,250

,

1878-79...

1879-80.

EARNINGS.

1878-9.
From passengers
From freight
From miscellaneous

ending September 30, 1880 :

The annual
as

30, 1880,)

report just issued gives the earnings

follows:

1879-80.

$ 164,923

Passengers

and expenses?,
.

1878-79’l.

$149,244,

380,995
18,29(4
Mails, &c
8,331
7,905
-- $397,564
Total..
$347,442
Expenses
274,347“
309,28 5
Net earnings
$88,278
$73,095
In the operating expenses are included $60,000 expended on;
steel rails. The report says that while the equipment halt
been much improved at considerable expense, the present,
equipment is still inadequate. For this reason it seems?
advisable to continue expending on the road and equipment,
the entire earnings in excess of running expenses and interest,
upon the bonds and funded coupons of the first and preferred
202,800

Freight aud express

21,458

Milk and market

second mortgages.
The traffic for the year was as
Passengers

carried

freight carried
Average receipt:

follows
s.

Tons

mile

Per passenger per
Per ton per mile

-

:
1879-80.

1878-TSL

4S0,366
189,859
1*54 cts.
2 94 “

362,168?
136,220
I'65 ©tSw.
3-20

During the year the Baltimore & Hanover Company has
completed its road from a junction with the Bachman Vallejo
Branch of the Hanover Junction Hanover & Gettysburg Rail¬
road at Black Rock, Pa., to Emory Grove station. This road/
at an early day is to be extended to the lower Cumberland Val¬
ley and Harrisburg. The Baltimore & Cumberland Valley*
Railroad was opened from Edgemont station, 75 miles from Bal¬
timore, to Waynesboro, Pa., 7/£ miles, on July 5, and its opera¬
tions have so far been satisfactory.. The extension fromu
Waynesboro, via Chambersburg, to Shippensburg, in Cumber¬
land County, Pa., 26 miles, is now being constructed by Jacobs
Humbird & Co., contractors, and is in a well-advanced condition^
The rails and other track supplies have been purchased and
delivered at Waynesboro, the right-of-way settlements hay&
1878-79.
$2,150,552 been concluded with few exceptions, and a force of 600 men is
1,4-12,261 now employed in the grading.
It is expected the entire road
269,929 will be
and
completed
opened
for
business by June 1, 1S8I.
20,852
The Shenandoah Valley Railroad was opened to Hagerstown;
$3,933,595 in August last, and by Jan. 1 it is expected to be in operation,
rough to Waynesboro, Va., on the Chesapeake & Ohio Ri&ldetail, but the tt
■
rt, id.
- •
.
;
•

1HE CHRONICLE.

672
013MERAL

INVE3TMENT

Houston & Texas Central.—This railroad
tive earnings for October as follows :

NEWS.

Gross

dividend of 2/£ per cent.
operations of the company for

The fol¬
lowing statement of the
the year
ending December 31,1880, the month of December being partly
a

Grooo

1880.

1879.

.$3,717,277

$2,995,365

2,393,051

2,448,090

.$1,324,226

$547,275

64-38

81-73

.

Net earning

Percentage of earnings.
Reoeipts from other

.$1,324,226
13,034

sources.

Total receipts
Interest on bonds

.$1,337,261
$1,337,261
420.000

.

Balance after paying interest on bonds, etc..

.

917,261

Equals, per share of stock
Application of above balance of $917,261.
Construction

6-12 '

$15,000,000 is

106

May
June

July
*

are

794,176
716,825

784,812

$721,911

24-10

55,039
776,951

2 25
141-97

$5,560,000
11-24

$3,581,980

as

follows

7*24

:

$1,978,660
1,978,660

.

250,000

1,352,680

$5,560^00
year :
Equals.

$3,448,508
1,475,476
1,973,032

22 58 p. c.

16*51 p.

c.

31-13 p. c.

the further extension of the road—one new block for each
block subscribed to under circular No. 1.
To begin work on the Tampico line a farther subscription
of

$5,715,000 is offered to the public. The subscription price in
each instance is $4,500 for $5,000 first mortgage seven per cent
bonds, $1,000 income bonds and 40 shares of stock.
The company has secured the right to build southward from
El Paso, and the first subscription above named is called for
this purpose. The company issues with the circular calling for
this subscription a copy of a letter from President Gonzalez to
the promoters of the Mexican Central Railroad in Mexico, in
which the
“

If,

new

President says—

it appears to be already decided, I am designed to be
the ruler of the country, yon may trust that all its obligations
with the company will be faithfully complied with ; and I shall
help von to realize the railway construction, as I believe it will
be a solution of many important social and political problems
in our dearest country.
With such feeling and decision, allow me to congratulate you
for your work, and I remain, very truly, your friend and
as

“

Earn'gs over
Operating
Earnings. Expenses.

servant.

Manuel Gonzalez.”

—Boston

1.973,437
898,311
September.
1,964,996
901,134
October.,..
2,120,229 1,044,727
November. *2,154,000 *1,074,100
December.. *1,800,000
*850,000

Transcript.

Mexican Railroad.—The following advertisement is pub¬
lished in New York : “ To provide means for the constuetion of
the main line of railway from the City of Mexico to the United
States frontier, at or near Laredo or Eagle Pass, on the Rio

Total...$20,357,424 $8,517,201

Grande, the right to construct which has been granted to the
Mexican National Construction Company by the Mexican Gov¬
ernment (by the so-called 4 Palmer-Sullivan concession’) and
for the construction of certain connecting lines, and for
pur¬
poses appertaining to such lines, we invite, on behalf of said
company, subscriptions to the following securities: $7,500,000
of the first mortgage six per cent thirty-year gold bonds of the
Mexican National Railway Company and $7,500,000 of the
stock of the same company, upon the following terms and con¬
ditions, viz.: The subscriber is to become entitled to receive, for
every $1,050 cash paid, in bonds, $1,000, in stock, $1,000—
$2,000. Subscription opens Dec. 23, and closes 30th at 3 p. m.
For farther particulars apply to Woerishoffer & Co.”
Michigan Central.—The Michigan Central Railway directors
met Dec. 21 and declared a semi-annual dividend of 4
per cent,
payable February 1, 1881. The following is the statement
which was presented at the meeting, December being partly

partly estimated.

Indianapolis St. Louis & Chicago.—A quar
terly dividend of 1^ per cent has been declared, payable oi
January 15,1881.
The following resolution was
adopted:
Resolved, That in the opinion of the Directory a dividend of not mor
than 6 per cent per annum should be divided
quarterly until thofloatin
debt is extinguished.

Cincinnati

Sandusky & Cleveland.—The Boston Transcrip
the directors have agreed to lease the road to the Indian
apolis Bloomington & Western Railroad Company (subject to ;
stockholders’ ratification) for a certain
percentage of the gros
earnings of the Sandusky road—about 35 per cent.
Denver & Rio Grande.—The allotment of the new subscrip
tion of the Denver & Rio Grande
Railway Company was mad
this
says

t

week.
Eleven millions were subscribed, from which fou
millions were allotted
exclusively to stockholders of record o:
Tuesday, the 14th inst., in the proportion of one share new t
four old; bu4 stockhDlders entitled to less than
$1,000 wer




2,754,988

Nothing has been charged to construction or equipment
Operating expenses include the cost of
1,500 new freight cars, $700,000, and also the cost of 7,000
tons steel rails, of several new iron bridges, new station
houses,
&c. Excluding the cost of the new cars the operating expenses
dnclnding taxes) were but 51*87 per cent. Dividends are here¬
after to be declared quarterly, beginning with May, 1881.
Memphis Paducah & Northern.—Mr. W. A. °mithers, Presi¬
dent of this company, was appointed Receiver of the road by
Judge Hammond of the Federal Court in Memphis, Dec. 21. Mr.
Smithers represents the interests of Dutch capitalists, who hold
a majority of the first
mortgage bonds. The bill to foreclose
the mortgage is still pending. The road will probably be sold
within the next ninety days.
The bondholders represented by
Mr. Smither3 promise to complete the unfinished gap of fiftythree miles of road within a year, if they secure its possession.
Mexican Central.—This company offers the holders of the
outstanding subscription the right to subscribe to $5,715,000 for

Gross

$1,000 of the subscription.

$6,336,968

2,750,000

accounts since 1878.

Cincinnati

an even

$8,310,000

58*50

$3,957,320

Increase in gross earnings
Increase in operating
expenses
Iucrease in net earnings

Note.—The mouths of November and December in the above tabl

allotted

appropriating

Comparison with previous

$412,332

“

436.276

8,934,524

504,928

$425,000, representing assets mainly in the shape of materials
and supplies on hand, including about 3,000 tons of steel rails
fully paid for.
The above-mentioned expenditures for construction and
equipment and for renewals and repairs have very materially
bettered the condition of the property, and were necessary to
enable the company to successfully handle its largely:growing
business. The effect is seen in the actual decrease in operating
expenses, as well as in the increase of gross earnings.”
Cairo & Vincennes.—Messrs. J. S. Morgan & Co., in London,
give notice that they are ready to exchange their receipts for
the first mortgage bonds and coupons of-the Cairo & Vincennes
Railroad Company for the certificates of the common and pre¬
ferred stocks of the Cairo & Vincennes Railway
Company, in
conformity with their circular of the 1st of March, 1880.
Central Pacific Railroad.—Messrs. Fisk & Hatch, in a cir¬
cular of Dec. 22, say that there is no reason why the Central
Pacific stock should not sell above par, and they give the
gross
and net earnings in 1880 as follows :

462,6 48

10,410,000
55-61

Sinking fund for 1330
Surplus

been reduced about $127,000.
“
After payment of operating expenses, interest on bonds,
and a dividend of
2^ per cent on the capital stock, there will
remain to the credit of income account a balance of about

1,3ft,438
1,356,716
1,778,487
1,724,950
1,8 10,067

$15,271,492

guar¬

Dividend 4 per cent, Aug. 1880
Dividend 4 per cent, February, 1881

“

March

oil

1879.

$18,720,000

.

Equals per share
Balance for 1880,

$18,000; renewing freight and passenger equipment, $65,000.
By the ownership of the 1,100 additional freight cars pur¬
chased in 1879, the expense of car mileage to this company has

Months.

earnings

Balance

The road and property have been maintained in good and
efficient condition during the year. The renewals of track alone
have been as follows: 173,860 ties, 65*86 miles laid; 650 tons
steel rails laid, $139,000.
“
Included in operative expenses, in addition to ordinary main¬
tenance and repairs, are the following items :
Rebuilding
old ferryboat, $50,000; new passenger and baggage cars,

August

$52,267
$21,947

•.

earnings....
Operating expenses and taxes
Percentage of earnings.

:

Gross

14,266

anteed stock

capital stock of

“

April

$300,222
$71,534

Gross

Per ct.

Earn'gs over
Operating
Earnings. Expenses.
January... $1,200,614 $321,213
February..
1,070,487
232,743

$242,955

Net

Increase in gross earnings
Decrease in operating expenses
Increase in net earnings

Months.

Net
Increase iu gross earnings
Iucrease in expenses

1880.

391,452
159,302

$37,332

1879

177,876

Interest, rentals and dividends

Surplus
year

163,609

$550,754

375,000

Comparison with the

$478,099

Lake Shore & Michigan Southern.—The Lake Shore &
Michigan Southern directors met Dec. 21 and declared a semi¬
annual dividend of 4 per cent, payable February 1, 1881.
The
$547,275
3,479 following is the statement for the year 1880 which was presented
at the meeting, December being partly estimated :

of bridges, &c
45,101
New water stations, reservoirs, <fco
20,894
New tools, machinery for shops, &c
14,936
Lands at St. Thomas, Detroit, foiedo, &c.,
for sitle tracks, water privileges, &c
24,106—$143,958
Settlements of old claims, town of Niagara’s lien
upon Erie & Niagara Railway, &c
45.712

Remainder applicable to stock
Two and one-half per cent dividend on

$406,564

earnings
Expended for betterments

expenditures—

315,256-

1880.

earnings
Operating expenses (including taxes)

Gain in net

New side tracks
$38,870
New buildings and permanent replacement

Applied to reduction of “ Bills and Accounts Pay¬
able,” as they appeared on balance sheet of Dec.
31, 1879, being principally for account of new
equipment....

reports compara¬
1879.

Canada Southern.—The Canada Southern Railway directors
met Dec. 21 and declared

[Vol. XXXI.

estimated

:

Gross earnings

Operating

expenses

and taxes...,

Percentage of earnings
'

Net

earnings...

$9,100,000
5,730,000
62-97

$7,345,700

.....-..$3,370,000

$2,721,100

4,624,600
62*96

December

THE

25, 1380.]

Interest and rentals.
Balance
V.
Equals per share
Balance for 1880, appropriated as
Dividend 4 per cent, August, 1880
Dividend 4 per cent, February, 1881

1880.

1879.

.$1,605,000

$1,620,000

$1,765,000

$1,101,100

follows :

5*87

9*42

$749,528
749,528
$1,499,056
100,000
70,000
95,944

.

Construction
Jackson accident.

Surplus

673

CHRONICLE.

$1,765,000

Comparison with previous year :

dispatch from London,
and share holders of
held that day and,
Mr. Powell, passed
of Sir Henry Tyler, expressing confi¬

Philadelphia & Reading.—The press

Dec. 23, reports that a meeting of bond
the Philadelphia & Reading Railroad was
after some opposition by the supporters of

unanimously the motion
dence in Mr. Go wen, and adopting his scheme.
dispatch was received in Philadelphia from Mr.

The following

Gowen :
London, Dec. 23.—Crowded meeting—perfect success. Res¬
olutions approving of the deferred income bonds and the new 5
per cents, and expressing entire confidence in, and recommend¬
ing the continuance of, the present management, were enthusi¬
astically adopted, with but one single dissenting vote.”
The N. Y. Herald dispatch says that Mr. Gowen stated at
the meeting “ that prominent American firms had undertaken
to guarantee the whole issue of deferred bonds, and would take
up any bonds not subscribed for by the shareholders. The
conversion of the bonded debt by which such large saving in
interest payment was to be effected was also secured through
the same parties. The company had determined to open its
“

$1,754,300, or 23*88 per cent
1,105,400, or 23*90 per cent
648,900, or 23*84 per cent
Construction account has been charged with land, $45,000,
and six and one-half miles of additional second track, $55,000.
The pavement on Jackson accident settles all claims on that new offices in London for the convenience of the proprietors.”
—The withdrawal of the McCalmont Brothers as the London
account. Operating expenses include the cost of 850 new
freight-cars, $400,000, and also the cost of 4,700 tons of steel financial agents of the Reading companies is announced, and
rails ; of new iron bridges, $45,000, and of new buildings and the banking firm of Glyn, Mills, Currie & Co., of 67 Lombard
additions to old ones, $43,000. Dividends are hereafter to be Street, has been selected to succeed them.
made quarterly, beginning in May, 1881.
Richmond & Danville Railroad Company.—The report
New Atlantic Cables.—The press dispatch from London
gives the following statement of earnings for the fiscal year
Dec. 22, reports that “ Siemens Brothers, the cable manufac¬ ending Sept. 30, 1880 : Gross earnings, $1,943,314 ; expenses,
turers, have received an order from Jay Gould and his cable $1,146,467; net earnings, $796,847 ; interest on bonds and all
construction company for two Atlantic cables, and have already fixed charges, $570,893 ; surplus to profit and loss, $225,953.
begun the preparations for their manufacture. All the old
Richmond Fredericksburg & Potomac.—Notice is given to
experienced workmen have been engaged, and the work will be holders of the first mortgage 8 per cent coupon bonds, due the
pushed forward to completion as rapidly as possible. The first of November, 1881, that they are entitled, until the first of
cables are to be completed by July next, and it is expected that
March, 1881, to extend said bonds 20 years from the date of ma¬
they will be laid and in working order by September.”
turity, at 6 per cent interest.
New York Lake Erie & Western.—The statement of opera¬
Rochester & State Line.—The sale of this road in fore¬
tions for the month of October shows an increase of about 11
closure is noticed for January 8, 1881, in Rochester.
per cent in gross earnings, while the working expenses were
Southern Pacific.—A dispatch from San Francisco, Dec. 20,
only $15,430 greater than in October, 1879. The following are
the figures :
1879.
1880.
Increase. reported the Southern Pacific Railroad opened for business
day to Deming Station, the point on the line near Mesilla,
Gross earnings
$1,899,910
$1,713,697
$186,212 that
Working expenses
997,975
1,013,405
15,430 1,210 miles east of San Francisco and forty-five miles from
El Paso. Stages connect there for the Atchison Topeka &
Net earnings
$715,722
$886,504
$170,782 Santa Fe Road at San Marcial, seventy-five miles distant. The
Northern Central.—The comparative statement of the gross junction is to be made by the road from the east in a few weeks.
and net earnings of the Northern Central Railway Company for The graders are keeping on to the Rio Grande at El Paso, and
the month of November, and for the eleven months ending the surveyors are examining in Texas for an air-line to Houston

Increase in gross earnings
Increase in operating expenses
Increase in net earnings

November 30, is as

follows:

or

Month of
1879.
Gross

1880.

$459,054
302,451
$156,603

$377,316
226,273

earnings

Operating expenses
Net

November.

$151,043

earnings

Eleven months ended
1879.

$81,738
76,178

Inc.

$5,560

November 30.
1880.

•

earnings
Operating expenses

$3,693,350
*2,637,132

$4,556,074

Net earnings

$1,056,218

$1,571,213

Gross

Inc.
Inc.

2,984,864

$862,727

following complete and
rational exhibit of the earnings of the Pennsylvania Railroad is
compiled exclusively for the Commercial and Financial Chron¬

In November the increase in gross earnings was
icle.
but there was an increase in operating expenses of

$442,916,

$395,218,
increase in net earnings of only $47,627. For

and a consequent
the eleven months—Jan. 1 to Nov.
earnings was $6,545,891, and in net

30—the increase in gross
earnings $2,783,288. The
Pennsylvania Railroad on all its lines, east and west, has
made $4,308,545 more profit in eleven months of 1880 than in
the

same

time last year.

ALL LINES EAST

Oross

$3,083,551
2,944,576

March;

3,278,186

April
May

3,488,366

3,417,916

June

3,221,476

July

3,449,644
3,723,355
3,647,543

August.
September
October
November.....

OF FITTSBURG AND ERIE.
Net Earnings.
1879.
1880.
1879.

Earnings.

1880.

January
February

3,682,714
3,574,913

Totalllmos... $37,712,240

As to the lines west

$2,543,424
2,538,039
2,603,068
2,630,022
2,708,695
2,390,810

2,782,906
2,982,718
3,336,528
3,518,144
3,131,997

$1,366,298
1,232,182
1,511,248
1,495,582
1,476,852
1,012,247
1,302,505
1,554,480
1,474,910
1,688,394
1,394,076

that the Southern Pacific

and Atchison

Topeka & Santa Fe officers have decided that the two roads
shall connect at a point about thirty miles west of the Rio
Grande, known as Florida Point, which is about 100 miles east
of the Arizona line.
Texas Pacific—New
it is reported that all

Orleans Pacific.—On

the N. 0. Pacific

the grading is done except about 75
347,732
miles, and the track-laying from both ends will have begun
Inc. $514,995 by Jan. 1. Gen. Dodge says the southeast extension of the

Inc.
Inc.

Railroad.—The

Pennsylvania

New Orleans.
—It is reported

$1,019,531
1,172,986
987,223

1,031,028
1,034,092
600,994
999,615
1,256,998

1,590,639
1,685,930
1,346,449

Missouri Kansas & Texas
now in course of location.
30

Road from Greenville to Minola is
The track-laying will begin within

days, and trains be run to

The track on the Texas
rate of a mile per day,

County line.
Fort Worth.

Minola by May 1, 1881, at latest.

Pacific extension is going down at the
and has almost reached the Taylor

The grade is now

completed 300 miles west of

bonds
placed on the
secured by a first
the Wabash St. Louis &
Pacific Railway, from Effingham and Altamont, III., to Chicago,
259 miles, road completed. They are dated July 1, 1880; prin¬
cipal due July 1, 1910. No. 1 to 4,500, each $1,000. Interest
five per cent, payable January 1 and July 1. The trustees are
Henry Spaulding and John T. Terry, of New York.
Washington City Virginia Midland & Great Southern.-—
On December 20 this railroad was sold at auction in Alexandria
for $5,600,000, to Robert Garrett and others, of Baltimore,
trustees for certain of the bondholders. This sale covers the
entire line of railroad between the city of Alexandria and the
city of Danville, and from Manassas, on the main line to Har¬
risonburg, in the county of Rockingham, together with all the
Wabash St. Louis &

Pacific.—The Chicago Division

of this company to the amount of $4,500,000 were
N. Y. Stock Exchange list. These bonds are
mortgage on the Chicago Division of

$31,166,351 $15,508,773 $12,725,484
of Pittsburg and Erie, there is the branches

between the figures of 1879 and this year,
accounted for by the Treasurer, results from charging
—Attention is called to the 7 per cent first mortgage bonds
at the end of the year certain interest on bonds of the Penn¬ of the Natchez Jackson & Columbus Railroad Company, due
sylvania Company and the Pittsburg Cincinnati & St. Louis
1919, for sale at 92^ and accrued interest, by Messrs. Britton
Railway Company, and not charging the pro rata for each & Burr, of this city. We learn that the city of Natchez, on the
The gain this year is now published as 14th
month in 1879.
instant, voted by a four-fifth majority to issue $225,000
$1,801,193, but the table below shows $1,525,256.
worth of bonds, with coupons, in aid of this road. This com¬
ALL LINE8 WEST OF PITT8BURG.
Net Surpltis above all Liabilities, including Rentals, Interest, dec.
pany has paid its interest promptly in this city, and investors
1879.
Gain in 1880 are invited to examine its bonds as a purchase.
1880.
$305,304
$101,155
January.....
$204,149
—Holders of twenty or more of the coupons due January 1,
February
116,710
25,846
90.864
557,171
73,703
March
483,468 1881, from the following railroad bonds, can leave their coupons
312,269
394,447 with Messrs. Fisk & Hatch, immediately, for which a receipt
April....
Deficit 82,178
May
11,201
Deficit 158,090
169,291
June
8,471
Deficit 269,182
277,653 will be given, and checks payable January 3 will be ready for
^
July
300,827
52,732
248,095 delivery December 31:
252,972
14,324 Central Pacific Railroad of California
August
267,296
-^26,883,000
Loss.. 188,343 Western Pacific Railroad
September
206,982
395,325
2,623,000
October
419,606
465,322
Loss... 45,716 California & Oregon Railroad
6,000,000
November
377,634
407,616
Loss... 29,982 Chesapeake <fe Ohio Railway purchase money funding bonds. 2,350,000
usual discrepancy

which,

as

.

Net for 11 months...




$2,883,471

$1,368,215

$1,525,256

New York

Woodhaven & Rockaway

Railroad

1,000,000

THE CHRONICLE.

674

[VOL. XXXI.

COTTON.
Friday, P. M.t December 24, 1880.
The Movement of the Crop, as indicated by our telegrams
COMMERCIAL EPITOME.
from the South to-night, is given below. For the week ending
this evening (Dec. 24), the total receipts have reached 237,980
Friday Night, December 24, 1880.
bales, against 238,490 bales last week, 243,137 bales the previous
It has been a dull week in mercantile circles, and leading week and 218,341 bales three weeks since; making the total
staples of trade show a more uniform decline in prices than is receipts since the 1st of September, 1880, 3,257,664 bales, against
<often noted. The weather has been wintry all over the coun¬ 3,012,549 bales for the same period of 1879, showing an increase
since September 1, 1880, of 245,115 bales. The details of the
try, and the business in holiday goods has been exceptionally receipts for each day of this week (as per telegraph) are as follows:
large; but as regards regular hus aess, there is a very general
Sat.
Mon.
Th urs.
Tues.
Wed.
Fri.
Total.
Receipts at—
disposition to postpone action till after tLe holidays to see
New
Orleans
9,621 14,153
2,246 11,843 16,320
8,321
62,504
what the New Yeir may bring forth.
Mobile
5,337
6,125
2,390
5,616
2,207
1,919
23,644
In provisions, business has been quite moderate and the
Charleston
3,310
4,113 4,709
3,206
4,804
24,800
4,623
•course of prices has been downward, owing to a lack of support
Port Royal, &c.
1,502
1,502
from the Western markets.
At the moment the speculative Savannah
4,538 5,332 5,691 5,070 4,926 5,849 31,956
Interest is quite small.
Pork on the spot quoted to-dajr at Brunswick, &c.
56
56
3>12 50@$12 75 for old and $13 50@$13 75 for new mess; all Galveston
15,581
5,865
o»59()
3,169
28,505
6,264
1,731
prices for future delivery were absolutely nominal. Lard was Indianola, &c...
618
618
lower and sold on the spot at 8*80@8‘S2/6c. for prime Western; Tennessee, &c..
3,642. 2,253 3,103 2,450 2,115 2,376 15,914
December contracts sold at 8%c.; January, 8’77/£@S’S0c.; Feb¬ Florida
3,478
3,478
ruary, 8*90@ 3'92/£c.; March, 8"95@9c.; April, 9‘05@9'07^c.; Wilmington.... 1,032
213
830
437
378
360
3,255
•seller six months, 8,75@S,77c.; refined to the Continent, 9’10c. Moreh’d
City ,&"c
1,924
1,924
Bacon was lower and dull; quoted here at 7c. for long and Norfolk
29.972
5,800 5,374 6 775 3,231 4,249 4,493
;and7^c. for short- clear; half-and-half, 714c.; sales in Chicago City Point, &c..
9.822
9,322
for January delivery at 0*55c. Cut meats were dull, in large
"

fixe Gtommuxcml jinxes.

...

....

....

....

....

stock both here and at the West, and weak.
Beef has sold in
a fair way at $19@$20 for city extra India mess.
Beef hams

quiet at $16 50@$17 Butter has latterly been quiet and rather
irregular. Cheese firmer at 13@13}4c. for fancy factory. The
number of swine slaughtered this season in excess of last is
'•62,000, or an increase of 15 percent. The following is a compara¬
tive summar}r of aggregate exports, from Nov. 1 to Dec. 1:
1880.

Pork
Paeon
Lard

lbs.
lbs.

lbs.

9,126,000
111,310,000
57,887,121

1879.

Increase.

10,883,000
102,535,245
55,325,614

Decrease.

1,257,000
8,804,765
2,561,507

173,353,121

168,243,859

11,366,262

1,257,000

were

early in the week, and for

a

day

or two

;

but

they

past the market

there has been somewhat nominal at the quotation mentioned;
in the fore part of the week there was a good trade here ; the
<3lose is quiet but firm with the stock in first hands here now

115,532 bags.

•

....

•

•

•

....

....

....

....

....

....

.

....

....

....

Totals this week 39,649

.

.

....

....

.

.

....

.

.

.

....

43,275 37,419 '25,775 32,077 59,785 237,930

For comparison, we continue our usual table showing this
week’s total receipts and the totals for the corresponding weeks
of the four previous years:

Receipts this w'k at—

1880.

1879.

1878.

1877.

1876.

New Orleans

621504

69,841

Mobile

23,644
24,800
1,502
31,956
28,505

19,636

73,650
19,434

19,353

16^277

81,070
22,955
20,753

250

321

896

324

30,458
15,273

25,793
18,979

29,106
23,511

21,447

300

407

374

289

18,711
1,296
3,880
22,212
6,391

16,965
4,023
3,906
15,315
4,861

11,789

10,800
1,266
4,116
17,318
1,062

Charleston
Port

Bio coffee has been quiet of late at 13c. for fair cargoes
the advices from Rio Janeiro are hardly as favorable as

....

....

Royal, &c

.

Savannah

Total... .lbs

....

Galveston

Indianola, &c
Tennessee, &c

'

618

16,000
3,478
5,179
29,972
9,822

Florida
North Carolina
Norfolk

City Point, &o..

792

5,993
20,414
3,976

53,235

14,799

19^166
18,811

Mild grades have sold only moderately as a rule
•but fairly ; in Maracaibo the trade has reached a fair aggre¬
Total this week
237,980
207,601
199,981
224,634
162,633
gate, prices have shown no marked change, but have latterly
Total since Sept. 1. 3,257,664 3,012,549 2,576,136 2,332,915 2,562,063
Been rather weak ; to-day prices were firm though trade was
quiet-. Rice has been only moderately active at the quotations
The exports for the week ending this evening reach a total of
•of last week.
New crop New Orleans molasses has been fairly
184,838 bales, of which 114,867 were to Great Britain, 19,138 to
active, and latterly choice has advanced to 52c.; foreign has France and
50,833 to rest of the Continent, while the stocks as
(remained dull and to a great extent nominal. Spices have been
made up this evening are now 933,688 bales. Below are the
generally quiet and unchanged. Tea has been quiet and more exports for the week and stocks to-night, and a comparison with
or less depressed ; the large and frequent auction sales have a
the corresponding period of last season:
bad effect on trade “ on the street.” Raw sugar has been only
Week
EXPORTED TO—
8TOCK.
moderately active at generally unchanged prices ; centrifugal
Same
Total
and the better grades of Muscavado have been firmly held, the
this
Week
ending
Great
Conti¬
Week.
1879.
1880.
1879.
supply being moderate ; but other grades being plenty liave Dec. 24. Britain. France. nent.
-been somewhat nominal in value. The marked closed quite
N. Orl’ns
68,253 290,537 292,693
44,671
35,507
3,549
5,615
firm however for most grades.
...

.

Bhds.

Receipts since Dee. 1, 1880
Sales since Dec. 1, 1880
Stock Dec. 22, 1880
•Stock Dec. 24, 1879

13,610
27,490

Boxes.
606
226

23,830
34,868

8,026
10,868

Bags.
195,869

160,870
1,001,760
563,012

Melado.
106
960

2,753
9S7

Refined sugar has fluctuated somewhat, but latterly,
though
-rather quiet, has been firm ; to-day trade was quiet but prices

Mobile..

Charl’t’n
Sa van’ll.
Galv’t’n-

:

4,901
11,161
7,300
-7,823

N. York.

4,966

Norfolk-

21,093

....

....

7,540
3,387
2,596
....

•

•

•

•

14,744
18,928
5,499
1,293
....

4,901
25,905
33,768
16,709

3,316
11,306

8,860
21,098
28,926

6,484 142,614
10,020 49,662
4,259 70,500

56,827

97,647

1R682 119,225
6,175 106,676

65,361
68,124
103,550
82,257
124,726
61,699
54,000

22,111
6,815
fiimly maintained; crushed, 9%@10c.j powdered, 9%c.; Other*..
granulated, 9%c.
Tot. this
The market for Kentucky tobacco has continued
week.. 114,867 19,138 50,833 184,338 121,495 933,689 852,910
very quiet,
and prices are quite nominal. The sales for the week are
only
147 hhds. Lugs are quoted at 4%@5%c., and leaf at 6@12^c. Tot.since
Seed leaf has also continued slow of sale, the transactions for Sept. 1.. 1212,333 246,857 441,463 1900,653 1643,399
The exports this week under the head of “'other ports” include, from Bal¬
fthe week a uouriting to only 1,150 cases, as follows : 450 cases
timore, 4,697 bales to Liverpool and 1,585 bales to Bremen ; from Boston, 6,808
1879 crop, New England, 12@40c.; 300 cases 1879 crop,
Pennsyl¬ bales to Liverpool; irom Philadelphia, 1,800 bales and 3 Sea Island to Liverpool:
vania, 13@40c.; 300 cases 1879 crop, Ohio, 5@13c., and 100 cases from Wilmington, 4,923 bales to Liverpool; from San Francisco, 107 bales to
Liverpool; from Port Royal, 4,373 hales to Liverpool, and 5,830 to Continent.
sundries, 9@lSc. Also 650 bales Havana, 82c.@$l 20, duty paid.
From the foregoing statement it will be seen that, compared
Naval stores have latterly been quiet, but prices have re¬
mained steady, in sympathy with the advices from the Southern with the corresponding week of last season, there is an increase
and English markets. Spirits turpentine, 45/£c. for Southerns in the exports this week of 63,343 bales, while the stocks to-night
and 46c. for New Yorks; strained to good strained rosins, $1 82^ are 83,778 bales more than they were at- this time a year ago.
In addition to above exports,* our telegrams to-night also give
«®$1 87^. Petroleum was quiet but unchanged at 9%c. for re¬
us the following amounts of cotton on snipboard, not cleared, at
fined, in bbls., for export. The advices from London have lat¬ the
terly declined. Crude certificates closed dull at 91 %c. bid, are ports named. We add similar figures for New York, which
prepared for our special use by Messrs. Carey, Yale &
after selling at 91Mc. Ingot copper
steady and in moderate
aale at 18%@19c. for Lake. Wool rather irregular and, on the Lambert, 60 Beaver Street.
whole, moderately active. Clover seed, 8*4@9c. for new.
On Shipboard, not cleared—for
Metals are dull and without essential
Leaving
changes except lead,
Dec. 24, AT—
Great
Other
Coast¬
Stock.
which is lower, selling at 4%<g)4 30c. for common domestic.
France.
Total.
Britain.
Foreign wise.
In ocean freight room only a small business has been
reported,
an charters
66,542 23.929 17,978
particularly, owing to the small supply of tonnage. New Orleans...,
6,773 115,222 175,315
The general demands for room have been moderate. The Mobile
14,000
5,600
29,350
8,300
27,477
1,450
Unarleston
550
5,950
2,550
17,101
-80,546
8,051
-engagements to-day included: Grain to Liverpool, by steam, Savannah
11,600
1,900 24,000
41,500
4,000
77,725
<j3Ad.; bacon, 30s.@32s. 6d.; cheese, 35s.@40s.; cotton, 3-16d.@ Galveston
23,274
3,307
6,653 10,581
43,815
62,861
New
York
None.
3,000
%<L; grain to London, by steam, 7^d.; do. to West Hartlepool,
6,300 136,314
1,000
1,000
88,162
23,000
2,000
32,000
7,000
by steam, 8Md.; do. to Antwerp, by steam, 7%d.; sack flour to Other ports
Olasgow, by steam, 27s. 3d. per ton and 3s. per bbl. Grain to
Totol...
147.366 41.632 71,910 23.080 285,288 648.400
€ork for orders quoted 5s. 6d. per qr. for large, and 6s. 3d. for
♦Included in this amount there are 1,300 bales at presses for fortigu
•small, vessels; of the latter there are none offering.
ports the destination of which we canot learn.
were




....

....

*

'

*

....

675

THE CHRONICLE.

25, 1880,]

December

0D

following is our u9ual table showing the movements of
at all the ports from Sept. 1 to Dec. 17, the latest mail date:

The
cotton

gas! fill 9?gf

&
<S>

■

m

OB ®

® a ®

a

Ports.

1880.
N.Orlns
Mobile.
Char’n*

Sav’h..
Galv.*.

Florida

66,016

13,445
101,909
549,812
84,637

N. Car.

Norf’k*
Other..

294,056

716,700
213,765
335,043
501,033
321,054

335,176
40,345

N. York

Britain.

| 1879.

631,569
209,479
444,619
560,663

2,001

118,932

33,597

120,572

15,665

100,830
145,909

13,915

173,950

116,359

91,694

,

.

,

Total.

Foreir/n

234,901 104,464
249,720 135,183
143,177 95,095

OD

£2.
&•:

p<

137,202!352,064i1521,904

The total sales for forward

-

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H

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.

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®

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p.

(ft

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P

Pi

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P

£

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*•»

d*

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d

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.

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*<

%

I

s**

a ® •

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®

*

per?;

rt

w

-J

Q

S'
a*

<1

the total sales foot up

Mon Tues

Mon. Tae*

Sat.

813ia

8i»i« .815lfl 813xo 8i5i0 8i5i0 815i6 8151S 81510
9> 9*16 91118 911x6 91116 911x6 911x6 91*16
10916 109,G 10U16 IOllxe 1011x0 1011x6 1011x6 10ii16
1015le 10loi6 lliie 1H.6 lHl6 lHl6 Hll6 lll.C

Strict Ord.
Good Ord..
Btr. G’d Ord
Low Midd’g
Btr.L’wMid 11%

iooj|
ll^16 11%

11-%

11

11%

1134

11%

11%

11%

11%

11%

12

12

12

12

12

12

Midd’g Fair

1115i6 lll^iG 111^16
127le
127i6
12l!i6
121116
13316
13316

Fair

131316

IZK

Wed

Th.

HI 1?.

Sat.

12316 123i0 123ie 12318 12316 123lft
1211x6 121116 121116 1211x6 12Hi6 1211!

121518 121&X0 121516 131516 131516 1315J6
13716 137x6 137i6 137x6 13710 137, 6*
131316 14i]0 141x0 141x6 141x6 141x6 lill6
Frl.

Tli.

Wed

Frl.

Wed

Tlr.

Frl.

-j-j

QD DO

-j

00 00

c

-1 -1

o w

-1
-1 X)

CIO

w

1 ©

1 ©

1 ©
MMCO

O

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00

00®

00®

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*00

00

05

M

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6

0.

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©
©

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no

>—

815,6 815,6
815i6
815i6
§^316
9Ui6 911x0 9Hi6 911x6 911,6 911x6
Strict
9916
99,6
9916
Good Ord.. 109,6 10916 109.6 iOllxe IOllxe 10H16 10n,fl'10ii,e IOllxe
Ol,
llll6 H%6
Btr. G’d Ord 101®i6
1015^6 1015.6 lHl6 lHl6 H1X6
81516

Midd’g 1112

|11%

1112
11 %

813,6

11%

11%

11%

nuJ6
11%
11%

12

12

12

12

12

Btr.L’wMid 11%

11%

Middling... 1115x6
Good Mid
12116
Btr. G’d Mid 12U16
Midd’g Fair 133x6
Fair
1313,6

123,6
lll5i6 Ill5l6 123,6 123.6 123,6
127,6 127xe ; 1211lfi i2ltl6 1211x6 1211 f, mils
1211x6 12ii1612i5J6 1215.6 1210x6 1315J® 131316
137.6 137l6 137,6 '137,6
133•*16
"'""16
X313,, 13 16 141 16 141x0 14116 14116 IH16

133|q 137,6
Sat.

STAINED.
Good Ordinary

$ lb.

Strict Good Ordinary
Low Middling

Middling

Mon Tues Wed

a. co

0*05

M M

M

MM

tO M

©©

©©

tv M

WOO

CC OD

oood

Oi On

00©

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123le

1211,

1315,8
137,66
141x6

Th.

Frl.

85q

850

850

85s

8*8

850

9%
1038
11*4

9%
103s
11%

9%
103s
11%

9%
1038
11%

9%
1030

TRANSIT.

Quiet at lie dec..

Ex¬

port.

ConSpec- Tran¬ Total.
sump. uVt'n sit.

11%

490

Quiet and steady

382

Dull

233

508

FUTURES.

Sales.

490 94,600
890 116.100
1,022 91,900
805 129,100
463 56,300
489 58,700

mm co

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11%

SALES OP 8POT AND

00

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MARKET AND SALES.

SPOT MARKET
CLOSED.

66®

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TEXAS.

Mou Tues

MM

o
o

export., 3,163 for consumption, 151 for speculation and
in
Of the above,
bales were to arrive. The follow¬
ing are the official quotations and sales for each day of the
past week:
Sat.

M >—

MM;©

delivery for the week are 546,700

NEW ORLEANS.

M M

MM

M

transit.

UPLANDS.

M M

MM

1 ©

M M

M

MM

00

free on board. For immediate delivery
this week 4,159 bales, including 845 for

bales, including

Bat..
Mon
Tues.
Wed.
Thurs
Fri.

to
tO

a ® •

®
p..

a

p©

pft.

H

809,575

speculation in cotton for future delivery has been much
past week. There was a disposition to increase
crop estimates, and higher totals became popular.
There was,
however, a sharp rise on Monday morning, caused by the reports
of bad weather in Alabama and the Mississippi Valley, snow
being reported as having fallen over a wide area, and in quite
Southern latitudes, and again interrupting picking ; but an early
re-action toward lower prices took place, and during Tuesday and
Wednesday the market continued to give way. On Thursday
prices were steadier, but very dull, neither party to the specula¬
tion seeming inclined to operate with any degree of freedom, as
there were no active influences at work to affect prices, while a
disposition existed to postpone action till after the holidays. To¬
day the market was depressed, especially for the early months.
Cotton on the spot has been quiet and unchanged, closing at
11 15-16c. for middling uplands.

..

p-® ®

l

The

Low

®
®

p-d:

P‘3

®

o

less active the

Good Mid..
Btr. G’d Mid

Pft

ao ®

19,453
60,195
57,500

*
Under the head of Charleston ia included Port Royal, &c ; under the hear* r f
Galveston is included Indianola, &c.? under the head of Eor.olk is included City
Point. &c.

Middling...

Pft

nr*

U4

Ordin’y.$Mb

8s

1097,466 i 227,719 390,630 1715,815 920,631

2804,948 1032,633

I>?c. 18 to
Dec. 24.

till
tft,H

%

43,392
176,800
101,523

9,927

....

§3

....

....

P

p>rS
g^:
P JO .

199,093 132,887

6,925

1,444
2,850

35,123

46,435

19,465

...

....

,

®

M
QD

®

85

Isse

m

*3

512.744 269,4G4

1,063
82,332
113,483
33,432
36,266

16,918

r-

et-

141,336^107,352

16,398

7,539
77,950
449,484

Tills yr. 3019,684
Last ye ar

France.

a>

Stoclc.

Other

Great

a Ca

SP-dS-®

a

EXPORTED SINCE SEPT. 1 TO—

5* 2.2*®

P

a

RECEIPTS SINCE
SEPT. 1.

2

®

i~

MMrfH
to to 35
<4 TOO
woo

*
Includes tor Septemoer, 1S91, iuo at 12‘65, loo ac 12*oO, 300 at
10*50, 400 at 12-50, 100 at 12 45, 500 at 12*50, 100 at 12*50, 100 atr
12*48, 200 at 12*50. 400 at 12*56. 100 at 12 03, 500 at 12*50, 100 at
12*90, 100 at 12*98, 400 at 12*01, 100 at 12*01; 100 at 12*26, 300 at
12*35, 200 at 12*40, 100 at 12*39, 200 at 12*40. 1.000 at 12*25, 500 at
12*38, 100 at 12*40, 200 at 12*50, 100 at 12*55,100 at 12*42. 300 at
12*33,500 at 12*42,400 at 12*42,200 at 12*49,100 at 12*50, 400 at
12*55; for October, 1881,100 at 11*85, 100 at 11*92,800 at 11*90.500
at 11*98, 1,000 at 11*90, 100 at 11*93, 400 at 11*95, 100 at 11*85,1,000
at 11*84, 700 at 11*88, 400 at 11*89, 600 at 11*90, 500 at 11*60, 1,500
at 11*62, 500 at 12*76, 200 at 11*70, 300 at 11*71,500 at 11*73, 200
at 11*75. 200 at 11*80,100 at 11*83,100 at 11*84, 200 at 11*83,100at
11*81,100 at 11*83; for November, 1831,300 at 11*61, 100 at 12*66,
200 at 11*53; also galea in September for September, 621,400; Sept.Oct. for Oct., 946,500; Sept.-Nor. for November, 762,100.
A Includes for September, 1881,100 at 12*35,100 at 12*40; for Oct¬
ober, 500 at 11*81, 500 at 11*83, 100 at 11*75.

12*43; for Nov¬
12*59.
October, 500 aft
Dull
11*71.
230
Dull
D Includes for September, 1881, 100 at 12*34,200 at 12*30, 100 at
12*30, 100 at 12*29, 500 at 12*27, 100 at 12*28, 200 at 12*27.
4,500
546.700
4.159
151
3,163
845
Total
E Includes for September, 1881,100 at 12*29, 400 at 12*26.
Transferable Orders—Saturday, 1185; Monday, 1L*95; Tuesday
The daily deliveries given above are aotuaily delivered the day pre¬
11*90; Wednesday, 11*80; Thursday, 11*85; Friday. 11*80.
vious to that on which they are reported.
Short Notices for December—Saturday, 11*75; Monday, 11*93; Tues¬
The Sales and Prices of Futures are shown by the follow, day, 11*87.
exchanges have been made during the week:
ing comprehensive table. In this statement will be found the •23The following
pd. to excli. .TOO April wr June. *18 pd. to exeh. 200 Jan* for Feh.
daily market, the prices of sales for each month each day, and •13 pd. to exch. 100 April for May. •18 pd. to exch. 400 Jan. for Febw
*17 pd. to exch. 200 Fob. for Mar.
the closing bids, in addition to the daily and total sales.
.

Quiet

.




1,022

421
463
259

•

m

m

m

m

m

m

m

•

•

•

•

....

151

# m m .

....

....

B Includes for September, 1881,100 at 12*44, 700 .at
ember, 100 at 11*55, ICO at 11*59,100 at 11*57, 200 at
C Includes for September, 1881, 100 at 12*35; for

....

l.

CHRONICLE.

THE

676

fVOL *XXX.I.

The above totals show that the old interior stocks have in¬
by cable and
creased during the week 7,184 bales, and are to-night 33,500
telegraph, is as follows. The Continental stocks are the figure#
Of last Saturday, but the totals for Great Britain and the afloat bales less than at the same period last year. The receipts at
for the Continent are this week’s returns, and consequently the same towns have been 3,990 bales more than the same week
brought down to Thursday evening; hence, to make the totals the last year
complete figures for to-night (Dec. 24), we add the item of exports
Receipts from the Plantations.—The following table isfrom the United States, including in it the exports of Friday only:
for the purpose of indicating the actual movement each
prepared
1880.
1879.
1878.
1877.
weeli from the plantations. Receipts at the outports are some¬
Btockat Liverpool.......bales. 465,000
366,00*0 325,000 388,000 times misleading, as they are made up more largely one year
Btock at London
45,299
48,000
16,000
36,600
than another, at the expense of the interior stocks. We reach^
373.000
404,000
Total Great Britain etook
501,600
411,299
therefore, a safer conclusion through a comparative statement
135,000
41,690
95,250
Stock at Havre
90,000
like the following. In reply to frequent inquiries we will add
913
3,750
2,000
6.8or>
Btock at Marseilles
7.000
42,000 that these figures, of course, do not include overland receipts or
6,356
Btock at Barcelona
33,3uo
6.500
1.800
2,500
Btook at Hamburg
Southern consumption; they are simply a statement of the
2,300
5.250
10,550
32,000
Btock at Bremen
19.400
weekly movement from the plantations of that part of the crop
21.00i»
26,000
11,500
9,300
Btock at Amsterdam
8,750
1,006
8,000 which* finally reaches the market through the out-ports.
Btock at Rotterdam
4,190

Cotton,

The Visible Supply of

made

as

up

.

Stock at Antwerp
Stock at other conti’ntal ports.
Total continental ports

900
5,470

1*358

4,000
6,000

3.500
5,7 oO

171,660

75,173

153,750

257,500

526,750
54,000
659,000
15,000
849,828
184,426
15,000

661,500
39,000
528,000
46,000
884,228

Total European stocks.. ..
India cotton afloat for Europe.
Amer’n cotton afloat for Eur’pe

673,260
59,000
689,000

Egypt, Brazil,&c.,aflt for E’r’pe

41,000
933,688
178,365
49,000

Btock in United States ports ..
Btock in U. 8. interior ports...
United Str tes exports to-day..

486,472
79,719
693,220
45,804
852,910
211,865
300

155.033

32,000

Total visible supply
2,623,313 2,370.290 2.304,004 2. 345.761
Of the aoove. the totals of American and other descriptions are as follows,
American—

178,365

250,000
25,000
693,220
852.910
211,865

49,000

300

357,000

Liverpool stock
Continental stocks
American afloat for Europe

United States stock
United States interior stocks..
United States exports to-day..

96,000

689.000
933.683

200,000
110,000
659,000
-849,828
184,426
15,000

214,000
201,000
528,000
884.223
155,033

32,000

London stock
Continental stocks
India afloat for Europe

Egypt, Brazil, &c., afloat

108.000

116,000

125,000

36,600
75,660

59,000

45,299
50,173
79,719

48,000
43,750
54,000

41,000

45,804

15,000

320,260
336,995
285,750
2,303,053 2,033,295 2,018,254

Total East India, &c

Total American

Total visible supply
2,623,313 2,370,290 2,304,004 2,345.761
Price Mid. Upl., Liverpool—
6Hi6d.
6i516d.
5X4<1.
6%L

In the preceding visible supply table we have heretofore only
included the interior stocks at the seven original interior towns.
As we did not have the record of the new interior towns for the
four years, we could not make a comparison in any other way.
That difficulty no longer exists, and we therefore make the fol¬

lowing comparison, which includes the stocks at the nineteen

towns given weekly in our table of interior stocks instead of only
the old seven towns. We shall continue this double statement for
a

time, but

the

seven

finally shall simply substitute the nineteen towns for

towns

m

the

preceding table.

1879.

1878.

1877.

bales 357,000

250,000

689,000

693,220

933,688

852,910

200,000
110,000
659,000
849,828

214,000
201,000
528,000
884,228.

310,015
49.000

364,926
300

294,281

261,876

15,COO

32,000

1880.

American—

Liverpool stock

Continental stocks

American afloat to Europe
Uhited States stock
United States interior stocks..
United States exports to-day..
Total American
East Indian, brazil, dtc.—

Liverpool stock
London stock
Continental stocks
India afloat for Europe

Egypt, Brazil, Ac., afloat
Total East India, &c
Total American
Total visible supply

96.000

25,000

2,434,703 2,186,356 2,128,109 2,121,104

108,000

36,600
75,660

116,000- J 25,000

59,000

45,299
50,173
79,719

48,000
43,750
54,000

41,000

45,8C4

15,000

Receipts at the Ports.

Week
ending—

1878. '

1879.

1880.

8....... 148,158 109,408 199,094

Oct.
“

15......

“

22

“

29

5

Nov.
“

12

“

19

“

20

Dec.
“

3
10

“

17

“

24

....

181,714
214,461
245,013
225,0S7
176,004 220,216
181,376 218,408
184,625 249.152
220.748 216,167

160,233
162,236
157,280
182,874

210,367
236,341

254,830
251.768

215,842
250.618

Stock at Interior Ports Rec'pts from, Plant'ns*
1878.

59,823
79,597
97,887

1879.

68,913
81,227
95,993
115.034 115,‘<35
149,498 133,905
171,583 187,120
188,491 218,998
205,912 204,183
230.280 287,109

1880.

103,086 160,773 186,114 223,445-.
121,895 180,007 194,028 229,176-

152,705 180,526 229,227 207,211
179,676 174,427 265,355 281,741
204,759 217,338 243,257 276,851
227,135 201,089|273,437 238,218
271,809
242,326
247,911 202,046 294,S37 210,777

205,192
218.341
248,865
220.291 234.876 243,137 259.129 317,468 265,270
204,882 218.907 23S.490 280.957 343,503 294,224
199,931 207.601 237,980 294.281 304.920 310,015

195,2841250,280

251,116 239,093 219,295
243,140 265,235 259,548
226,710 244,942 267,438
213.305 229,024 253.771

The above statement shows—

total receipts from the plantations since Sept. 1 in
3,546,736 bales; in 1879 were 3,370,174 bales; m 1878174,000 were
2,864,765 bales.
16.000
2. That the receipts at the out-ports the past week were56.500
39,000 237,980 bales, and the actual movement from plantations 253,771
46,000 bales, the balance being added to stocks at the interior ports331,500 Last year the receipts from the plantations for the same wbek
2,014,261 were 229,024 bales and for 1878 they were 213,305 bales.

Total American
...2,303,053 2,033,295 2,018,254 2,014.261
East Indian, Brazil, dec.—

Liverpool stock

RECEIPTS FROM PLANTATIONS.

174,000
^

16,000
56,500

39,000

46,000

336,995
331,500
320,260
285,750
2,434.703 2,186,356 2,128,109 2,121,104
2,754,963 2,523,351 2,413,859 2,452,604

1. That the

1880

were

Weather Reports by Telegraph.—In general the weather
shown continued improvement this week—much less rain

has

and

higher temperature than during some of the previous weeks
being reported. Still, there has been rain at many points, and
picking has not been everywhere resumed.
Galveston, Texas.—It has rained hard on four days the past
week, the rainfall reaching one inch and twelve hundredths.
The thermometer has ranged from 37 to 71, averaging 50. Roads
again, bad. Much cotton everywhere remains unpicked, with
very little prospect of ever being picked.
Indianola, Texas.—We have nad rain on five days, a con¬
stant drizzle, the rainfall reaching sixty hundredths of an inch.
Average thermometer 51, highest 70 and lowest 35. Roads in
wretched condition.
Picking suspended and most probably
ended, though fields are still white.
Corsicana, Texas.—Rain has fallen during the week on three
days, to a depth of seventy hundredths of an inch. Average
thermometer 45, highest 71 and lowest 31. Good picking early
part of week, but suspended now.
Dallas, Texas.—The earlier part of the past week the weather
was clear and pleasant, but during the latter portion we have
had showers on three days, the rainfall reaching sixty-five hun¬
dredths of an inch. The thermometer has ranged from 31 to 71,.
averaging 45. Picking has been interfered with by the rain, and
the probability is that the remnant of the crop still in the
cannot be saved. Roads bad and farmers discouraged.

fields

jBrenham, Texas.—The weather during the earlier portion of
was clear and pleasant, but the last three

the week under review

figures indicate an increase in the cotton in sight to¬ days have been showery, the rainfall reaching seventy-five hunnight of 231,612 bales as compared with the same date of 1879, an dreths of an inch. Average thermometer 50, highest 71 and
increase of 341,104 bales as compared with the corresponding date lowest 34. Picking interrupted
and roads bad.
of 1878, and an increase of 302,359 bales as compared with 1877
Waco, Texas.—There have been showers on three days of the
At the Interior Ports the movement is set oat in detail in
past week, the rainfall aggregating fifty hundredths oi an inch*
the following statement:
The thermometer has averaged 45, the highest point touched
having been 69 and the lowest 31. Picking almost hopelessly in¬
Week ending Dec. 24, ’80.
Week ending Deo. 26, ’79.
terrupted and roads bad.
New Orleans, Louisiana.—Rain has fallen on four days the
Stock.
Stock.
Shipm'ts
Receipts.
Receipts. Shipm’ls
past week, to a depth of two inches and seventy-six hundredths.
23,559
8,943
6,232
15,953
7,758
5,892
Augusta, Ga
The thermometer has averaged 50.
23,224
20.287
5,103
5,276
4,320
2,818
Columbus, Ga....
Shreveport, Louisiana.—Weather during the week cloudy
2,718
1,098
9,665
2,529
7,512
1,516
Macon, Ga
3,657
12,005
5,384
3,263
19,284 and rainy, the rainfall reaching two inches and eleven hun¬
5,993
Montgomery, Ala
9,548
4,641
5,593
5,767
4,388
17,126 dredths.
Selma, Ala
Average thermometer 51, highest 74 and lowest 28.
86,145
16,355
18,078
15,846 116,858 Roads have been in fair
Memphis, Tenn.. 21,205
condition, but will probably, as a result
3,267
14,219
3,177
3,190
1,094
14,845
Nashville, Tcdu..
of present rain, be in a very bad condition.
46,496
34,817 211,865
Total, old ports. 50,486 43,302 178,365
Vicksburg, Mississippi.—Weather report not received.
Columbus,
Mississippi.—Rain has fallen on two days the
1,471
989
1,460
5,608
1,079
Dallas, Texas....
'3,021
979
700
2.296
650
past week, to a depth of foity-nine hundredths of an inch. Aver¬
450
4,731
Jefferson, Tex...
4.675
10,506
3,922
Bhrevet)ort. La...
2,250
2,614
15,721 age thermometer 51, highest 70 and lowest 32.
5.765
6,792
8,211
7,894
8,204
Vicksburg, Miss.
7,670
Little Rock, Arkansas.—Friday last was clear, but the re¬
743
1,776
1.692
7,112
1,019
Columbus, Miss..
5,488 mainder of the week has been
cloudy and cold, with rain on
4.079
3,845
3,754
3,794
4.140
Eufaula, Ala.
2,752
2.269
1,541
1,872
1,164
1,747
Griffin, Ga
The thermom¬
3,768 Saturday and snow on Sunday and Wednesday.
4,888
3,426
19,118
3,795
2,683
Atlanta, Ga
13,349 eter has ranged from 20 to 67, averaging 33.
The
rainfall has
4,412
14,969
6,600
3,304
Borne, Ga
3,499
9,807 reached
seventy-two hundredths of an inch, and it is raining
519
1,310
1,300
758
1,000
Charlotte, N. C. *
1,513
hard at present (Friday, P. M.)
Bt. Louis, Mo—
38,787
20,549
14,985
10,876
71.643
16,181
16,765
Cincinnati, O.... 22,110 22,162 15,942
15,463
16,485
Nashville, Tennessee.—It has rained during the past week on
four days, the rainfall reaching twenty-three hundredths of an
65,720
55,976 153,061
Total, new p’rte 70,325 61,718 131,650
inch. The thermometer has averaged 39, the highest being 5&
120 811 105,025 310.015 112,216
Total, all
90,793 364,926 and the lowest 28. The rainfall has been light; bat fields are in
such a condition as to prevent picking.
This year’s figures estimated.
These

r*

•

‘

...

*




!

Dboehber

THE

25,1880.]

*677

CHRONICLE.

ners, who have operated more sparingly during the past day
Tennessee.—Telegram not received.
or two than for some time previously.
Mobile, Alabama.—It rained severely one fday and was
The principal fluctuations in the prices of middling uplands
•showery one day the earlier part of the past week, but the latter on the spot and for forward delivery are shown in the follow¬
portion has been clear ana pleasant. The thermometer has ing table :
averaged 46, with an extreme range of from 32 to 69, and the
rainfall has reached fifty-two hundredths of an inch.
No®.-! Dec.- Jan.- Feb.- Mar- Api\- May8pot. Nov. Dee. 1 Jan. Feb. Mar. Apr. May. June.
Montgomery, Alabama.— On the first three days of the past
week we had a rainfall of sixty-two hundredths of an inch, but
69*2 69*2 69*2 65j6 611*2 61332
the latter portion has been clear and pleasant. The thermometer Nor. 10
g*ie 611*2
7Zf
62932 61o16 631*2
6*8
61318 6^8
26
has averaged 46, the extreme range having been 30 to 74.
625*2 61316 62732 62732
29
613le 62:*32 62332 6\
625*2 61316 e'a32
62132 62i32 623*2 6%
Selma, Alabama.—We had rain on two days the earlier part Dec. 2
Si116
622*2 7
6
6^
62533 62532 613lb 62732 678
of the past week, but the latter portion has been clear and pfeas625*2 6i3lft 678
62l*o 623*2 6%
6Hi6
8
6Hi«
•ant.
we have had killing frosts on several nights.
Roads in

Memphis,

•

“

“

“

very

•

bad condition.
Florida.—Telegram not

COURSE OF THE

-

*

*

V

MANCHESTER MARKET NOV.

9 TO DEC. 8.

received.
The market was very quiet at the date of our. last report
Macon, Georgia.—Telegram not received.
(Nov.
10), and prices were %d. to %d. per lb. easier than a fort¬
Columbus, Georgia.—We have had rain on two days the past
night
or so previously. During the subsequent ten days there
week, the rainfall reaching one inch. The thermometer has
was a gradual improvement in the demand, in sympathy with
averaged 41.
the renewed activity in the raw material, and the fall just
Savannah, Georgia.—It has rained on three days, the rain¬
fall reaching one inch and seventy-two hundredths, but the quoted was recovered. There was then another pause, in the
weather the balance of the week has been pleasant, The ther¬ course of which prices gave way a little, but latterly there has
final rates are quite up to the
mometer has averaged 50, the highest being 71 and the lowest been renewed steadiness, and the
best prices paid in October. Fully an average business has
31.
been done during the month, and at the close producers are
Augusta, Georgia,—We had light rains the first five days of
the past week, the latter portion having been clear and pleasant. largely under contract, while stocks are unusually light. A
Planters are sending cotton to market freely. Average ther¬ fair business has been done for India, the miscellaneous foreign
markets and for home consumption, but the demand for China
mometer for the week 46, highest 70 and lowest 31, and rainfall
and Japan has been comparatively light; for these latter mar¬
one inch and twenty-two hundredths.
Charleston, South Carolina.—Rain has fallen on two days kets, however, there has been a little more inquiry during the
of the past week to a depth of one inch and ten hundredths. past few days.
The exports of cotton piece goods for the first eleven months
The thermometer has ranged from 33 to 63, averaging 48.
of the year show an excess of 724,000,000 yards upon those of
The following statement we have also received by telegraph,
last year. These, at five yards to the pound, are equal to about
showing the height of the rivers at the points named at 3 o’clock
145,000,000 lbs. of yarn. In the yarn exported there is a
December 23,1880, and December 25, 1879.
decrease of 19,000,000 lbs., so that the net increase in the weight
Dec. 23, '80. Dec. 25. ’79.
Feet. Inch.
Feet. Inch.
of cotton products exported is 126,000,000 lbs., equal to 141,-New Orleans
Below high-watermark..
6
6
8
8
000,000 lbs. of cotton, or 350,000 bales of 400 lbs. each, or
Memphis
Above low-water mark... 12
1
21
7 nearly 7,500 bales per week for 47 weeks. •
Madison,

Above low-water mark...
Above low-water mark...

Nashville

Shreveport

Above low-water

Vicksburg

9

14

mark... 29

4

2
9

22
1
30

8
0

2

MOVEMENTS DURING THE

SEASON—OCT.

reported below high-water mark of 1871 until
-Sept. 9,1874, when the zero of gauge was changed to high-water figures for the corresponding period
mark of April 15 and 16,1874, which is 6-10ths of a foot above
Great Britain.
1871, or 16 feet above low-water mark at that point.
New Orleans

spinners during
fallows with the
of last season :

"

Ellison

& Co.’s

December.—We have this
Ellison’s circular dated December 9, and

give it in fall below :

1879.

1880.

Circular for

week received Mr.

1 TO NOV. 30.

The deliveries to English and Continental
the first two months of the season compare as

462,200

Continental.
1879.

1880.

347,160

327,260

No. of bales..

526,370

Av.wgkt (lbs)
Tot.wght(lb8)

445

444

422

423

234,234,650

205,216,800

146,501,520

138,430,980

10 TO DEC. 8.
Bales of 400
346,000
366,000
513,000
585,000
November 10. The market had lba
been very weak during the previous ten days, and though
Last year’s figures comprise the deliveries for eight and a
there was a fair business doing in spot cotton, holders—in view
lalf weeks, against eight weeks this year. The present rate of
of liberal American receipts, large crop estimates, and low
consumption in Great Britain is about 66,000 bales of 400 lbs.
offerings of near deliveries—met the demand so freely that )er week, against about 62,000 bales in November last year.
prices gave way 5-16d. on the spot and l-16d. to 3-32d. for The rate of consumption on the Continent is about 53,000 bales,
futures. The disappearance of the large margin between spot
against 51,000 last year.
cotton and futures (which for a long time had more or less
On the basis of the foregoing estimates, the movements for
hindered business) restored prices to a normal and healthy
(the eight weeks of this season and the eight and a half weeks
relationship, and gave renewed confidence to buyers. Instead of last season compare as follows, in bales of the uniform
of distant cotton being at a discount, it was now at a small
weight of 400 lbs:
remium, while the intermediate positions were very little
elow the spot quotation. This circumstance led to an im¬
Continent.
Great Britain.
proved demand and a gradual hardening in prices between the
1879.
1880.
10th and 19th of the month; spot did not gain very much, but
1879.
1880.
Bales.
Bales.
Bales.
Bales.
futures advanced fully %d. per lb. Between the 19th and
26th a much more important movement was witnessed, owing
94,000
137,000
27,000
27,000
to the receipt of a succession of very unfavorable crop accounts Surplus stock Oct. 1.
346,000
366,000
513,000
585,000
Deliveries to Nov. 30
and to an extraordinary rise in prices at New York and the
440,000
503,000
540,000
612,000
South. Killing frosts and destructive rains were reported from
Supply
429,000
420,000
502,000
526,000
Consumption
the principal districts in the cotton-growing regions, and crop
11 OOO
83,000
38,000
86.000
estimates, which at the beginning of the month had favored Surplus st’k Nov. 30
6,000,000 bales, were cut down to 5,750,000, and even to
To the estimated consumption in Great Britain last year we
5,500,000 bales. At New York the sales of futures during the
week ended Wednesday, the 25th, reached 1,464,000 bales, and have added 15,000 bales allowed in our January Annual for
prices advanced %c. to l%c. per lb.; and on Friday (Thursday cotton used in filling up machinery previously empty.
was a holiday) 404,000 bales were sold, part at an advance of %c.
PROSPECTS.
per lb., but a reaction of /£c. ensued before the close of the day.
So far as demand is concerned, the accounts from all quarters
This news led to considerable activity here, accompanied at times
with some excitement, and ending in an advance of %d. per point to a continued large consumption. English spinners and
manufacturers hold no stocks of moment of either yarns or
lb, on the spot and %d. to %d. per lb. in futures, between the
goods,
while they are for the most part largely under contract
19th aiki 29th, making a total rise since the 10t.h of 17-32d. for
for forward delivery. The advices from the Continent are also
near and %&. for distant cotton, November selling at 6J£d. and
of a hopeful tenor ; decidedly more so than they were a short May-June at 7 3-32d. in the afternoon of Friday, the 29th time back.
November. The reaction at New York already quoted caused
With respect to supply, the interest of the public is still
a decline of 1-16d. late in the day, and thence to the 2d inst.,
centred in tne probable out-turn of the American crop, respect¬
with slight fluctuations, prices receded %d. on the spot and
which there is quite a hot controversy going on. The favor-,
%d. to 3-16d. in futures. The advance had cooled the ardor of ing
ite estimates range between 5,700,000 and 6,000,000 bales, but
buyers, while the disposition to purchase was further dimin¬ there are some authorities who look for over 6,000,000, and others
ished by the irregular condition and eventually declining ten¬
who expect less than 5,700,000 bales. At the moment there is
dency of the New York market. Additional weakness was also no room for dogmatism on the point, and until towards the
produced by the eagerness with which holders of spot cotton close of the present month all estimates must be more or less
pressed their stocks on the market. There was a recovery of
l-16d. in the afternoon of the 2d and thence to the 5th (Mon¬ guess work. From India it is expected that the supply will be
about the same as that received last season. “From Egypt there
day); with steadier New York advices there was a total advance will be a considerable decrease. Last season the exports reached
of d^d. in futures and l-16d. on the spot. Since then the tone
about 460,000 bales of about 630 lbs.; this season it is thought
has gone weak, owing to renewed large receipts and declining
that they will fall from 80,000 to 100,000 bales (equal to from
prices at the American ports, aud to a fall of about 20 points in 110,000 to 140,000 bales of American weight). short of that total.
futures at New York. Prices have, therefore, gone back to
The Brazils it is expected will send something (perhaps 50,000
where they stood on the 2d instant. The weakness has been
bales of 180 lbs.) more than last season.
the more perceptible owing to the reduced demand from spin¬
COURSE OF THE

Our last




LIVERPOOL MARKET NOV.

report was dated

THE CHRONICLE.

-678
Taking

a

broad view of the situation,

we see

no reason, as

Tespects the matter of the probable future course of prices, to
add anything to

the remarks contained in the concluding para¬
graph of our Annual Report issued in October. We aid not
sympathise with the large-crop and low-price opinions enter¬
tained in many quarters two montli3 ago (when December
deliveries were selling at 6 9-32d., and many persons talked of
5Md. to 6d. as likely to be witnessed in that month), nor do we
now ; and what has since transpired has justified the views
then expressed. But after the advance which has taken place
we wish to get at a nearer approximation of the size of the
American crop than is at present possible before saying any¬
thing further about the probable future course of the market.
Meanwhile, we may observe that too much importance is being
attached to the crop question and too little to that of the state
of trade. People seem to forget that in the regulation of price
demand has quite as much influence as supply, and that senti¬
ment is

often, for

time, a more powerful factor than either.
The history of the past ought to teach some of our cotton
prophets a little modesty, but to some of them, at all events,
experience appears to be of no value.
a

Pi S.—Dec. 10.

Yesterday there was a fall of from 23 to 25
points at New York. This morning, therefore, our market
opened flat, and prices lost l-32d. to l-16d. for futures and
l-16d. for spots; but the tone at the close is steadier.
Augusta Cotton Exchange Report.—Below we

Augusta Cotton Exchange report for December:

give the

Augusta Department.
This report covers part of the Slate of

Georgia. The report is pre¬
pared and issued by the Augusta Cotton Exchange, through their Com¬
mittee on Information and Statistics, composed of L. L. Zulavsky,
Chairman, S. M. Whitney, Geo. W. Crane and F. \V. Reid.

orts this year were 268,890 bales more than in 1879 and 675,950
ales more than at the same time in 1878. By adding to the
above totals to Nov. 30 the daily receipts since that time, we
shall be able to reach an exact comparison of the movement for
the different years.
1880.

1. What has been the character of the weather since November 1 ?
2. Has the weather been more favorable or less favorable than same
time last year for gathering the crop 1
3. What proportion of tlie'crop has been picked, and when will it all be

gathered ?
4. Wilt the yield in your section he greater or less than last
year ?
State increase or decrease.
5. What damage, if any, has been done by frost in your section ?
6. What proportion of t.he crop has been marketed from your section *
7. State fully any and all material facts relative to the yield,
not
covered by the foregoing questions.

Georgia.—30 replies from 15 counties;

average

date Nov. 23:

1. The weather is generally reported as very unfavorable,
especially
during the last twenty days of November, during which time cold, windy
rain storms were almost universal.
2. As a rule, much less favorable.
Many of our correspondents
describe it as the worst picking month in their experience.
3. Our reports run at from % to9]0. The average points to 7g as picked.

With dry weather from now on, picking will be finished this month.
Borne small sections may do a little in January.
4. Six correspondents report a decrease of from 17 to 33
per cent; six
same ns last year; seventeen an increase of from 12 to 30
per cent, and
one 50 per cent.
The average points to an increase of 15 per cent.
5. The damage by frost does not exceed 5 per cent.
6. Our reports range at from 05 to 90 per cent
The average points to
75 per cent.
7. While the damage by frost was very small, that caused by
excessive
and cold rain storms, prevalent all through the month, has been

fully as
much more. A fair percentage of the bolls of the
top crop rotted or
shriveled up on the stalks, and much of it will never open. A good deal
■was blown out and beaten out by the storms.
The greatest impairment
to the crop may be yet owing to the fact that almost the entire mouth
-was lost for picking purposes.
The approaching Christmas season will
also interfere; besides many planters will now pay attention to
preparing
lands for their Autumn cereals. Under normally favorable circumstances,
this section should have made 25 per cent more than last year.
Nearly
all the coiton picked from now on will be of inferior
quality,

both as to
grade and color. Some planters, having but a small percentage of scat¬
tering cotton to pick, have already allowed their caitle to roam in the
fields.

1876.

1877.

1875,

26,647

“

2....

“

3....

“

4...

“

5....

8.

“

6...

“

7....

63,166
36,174

“

8....

29,263

“

9....

“

10....

“

11....

25,055
59,133
41,993

“

12....

8.

“

13....

“

14....

“

15....

“

16....

“

17....

42,522
30,650
33,332
40,452
49,541

“

18....

39,649

"

19....

S.

“

20....

“

21....

“

22....

43,275
37,419
25,775
32,077
59,785

“

23....

“

24....

.

29,216
48,397
30,346

52,479
30,886
28,110
25,675
49,603
36,046

8.

8.

43,236
34,502
37,914
33,164
50,014
37,733

30,824
21,089

8.

8.

44,873
31,662
32,325
24,767
33,072
26,981

8.

47,969

8.

35,816

42,863
29,247

25,895
39,011
31,300
32,893

8.

8.

52,468
33,308
35,179
25,930

26,812
22,943
25,918
20,385
8.

49,512
30,833
35,693
26,682
31,592
28,519

33,977
23,479

-

8.

34,519
38,346
30,037
45,471
'r 31,722

S.

27,899

46,158
28,891
28,445

55,204

S.

27,382

54,G01

8.

8.

30,511
29,037

35,612

50,328

31,071

s:

29,426

43,313
31,246
23,675
22,581
25,931
28,012

'

22,842
26,301
20,856
35,581

8.

40,703
27,179
20,766
30,219
23,111
22,781

58,561
23,693
30,836
30,614
46,024
26,923

8.

45,251
30,412
32,588
30,473
42,450
31,374

21,337

39,978
40,894
23,53S
30,93£
58,29
25,565

S.

48,381
32,156
26,384
33,973
28,014

3,257,664 2,940,316 2,486,640 2,194,G07 2,428,565 2,152,489
Percentage of total
55-91
53-78
50*50
6013
p’rt reo’ntH Dec. 24
51-36

This statement shows that the receipts since Sept. 1 up to
to-night are now 317,348 bales more than they were to the same
day of the month in 1879 and 771,024 bales more than they were
to the same day of the month in 1878.
We add to the table
the percentages of total port receipts which had been received to
December 24 in each of the years named.

India Cotton Movement from all Ports.—The figuras which
collected for us, and forwarded by cable each Friday, of
the shipments from Calcutta, Madras, Tuticorin, Carwar, &c.,
enable us, in connection with our previously-received report from
are now

Bombay, to furnish onr readers with a fuil and complete India
movement for each week.' We first give the Bombay statement
for the week and year,

bringing the figures down to Dec. 23.

BOMBAY RECEIPTS AND SHIPMENTS FOR FOUR YEARS.

Year

1880
1879
1878
1877

Shipments this week.

Shipments since Jan. 1.

Great Conti¬
BriVn. nent

Great

Conti¬

Britain

nent.

Total.

7.000

8,000 15,000 375,000 531.000

2,000

2.000 262.000 379,000

4,000

3,000
5,000

3,000 323.000 404,000
9.000 389,000 441,000

Receipts.
This
Week.

Total.

Since
Jan. 1.

909,000 18,000 1,180,000
641,000 3,000
863,000
727,000 6,000
924,000
830,000 6,00o 1,096,000

According to the foregoing Bombay appears to show an
compared with last year in the week’s receipts of 15,000
bales, and an increase in shipments of 13,000 bales, while the
shipments since January 1 show an increase of 268,000 bales.
The movement at Calcutta, Madras, Tuticorin, Carwar, &c., for
the same week and years has been as follows.
increase

CALCUTTA, MADRAS, TUTICORIN, CARWAR, RANGOON AND KURRACHEE.

ing at 9%c. for 1% lbs., 10@10Mc. for 2 lbs. and ll@ll^c. for
standard grades.
Butts have been very quiet, and we do not
hear of any business doing. There have been a few inquiries,
hat they have not resulted in any sales. Prices are
unchanged,
but are easy, owing to the dull trade; and though most holders
are quoting 2y6@2Mc.,
according to quality, these figures could
be shaded

on a

round lot.

Comparative Port Receipts and Daily Crop Movement.—
comparison of the port movement by weeks is not accurate,

the weeks in different years do not end on the same
day of the
We have consequently added to our other
standing
tables a daily and monthly statement, that the reader
may
as

Shipments this week.
Year.

Great
Britain.

1880
1879
1878
1877

1,000

constantly have before him the data for seeing the exact relative

movement

for the years

named. The movement each month
September 1 has been as follows.

Bept’mb’i
October..

Tear

1880.

458,478
968,318

Movemb’r 1,006,501

1879.

333,643
S88.492
942,272

1877.

288,848
639,264
779,235

98,491

578,533
822,493

1876.

236,868
675,260
901,392

169,077
610,316
740,116

Total year 2,433,297 2,164,407 1,757,347
1,499,517 1,813;520 1,519.509
Pbro’tage of tot. porl

receipts Nov. 30...

43*27

39-51

This statement shows that up to

34-50

44-91

3G-25

5.000

4,000

1,000

Great
Britain.

Conti¬

223,000
209,000
141,000
80,000

87,000
111,000
72,000
51,000

Total.

nent.

310,000
320,000
216,000
131,000

follows.

EXPORTS TO EUROPE FROM ALL INDIA.

to

Shipments
alt Europe
from—

Total

1875.

Total.

shipments this week and since January 1, 1880, and for the cor¬
responding weeks and periods of the two previous years, are as

Beginning September 1.
1878.

nent.

Shipments since January 1.

The above totals for this week show that the movement from
the ports other than Bombay is 5,000 bales less than for the
same week last year.
Bor the whole of India, therefore, the total

Bombay
SR other p’rts

Monthly
„Receipts.

Conti¬

i’ooo

month.




1878.

Tot.Nv.30 2,433,297 2,164,407 1,757,349 1,499,517 1,313,520 1,519,509
Deo. 1

Gunny Bags, Bagging, &c.—Bagging shows no improvement,
and hut little business has been done. Bayers are few, and the
market is entirely nominal, with prices rather tending in buyers’
favor.
Small transactions only are reported, and these are mak¬

sinee

1879.

Total

Questions.

A

[Vot. xxxl

1830.
This
week.

Since
Jan. 1.

15,000

909,000

2.000

641,000

310,000

5,000

320,000

15,000 1,219.000

7,000

961,000

This last statement affords
total movement for the week
years up

1879.
This

week.

Since
Jan. 1.

1878.
This
week.

'

Since
Jan. 1.

3,000

727,000
216,000

3,000

943,000

very interesting comparison of the
ending Dec. 23, and for the three

a

to date, at all India ports.

Alexandria Receipts and Shipments.—Through
arrangements
have made with Messrs. Davies, Benachi & Co., of Liverpool
and Alexandria, we now receive a weekly cable of the movements
of cotton at Alexandria, Egypt. The following are the receipts
and shipments for the past week and for the coi responding week

we

Nov. 39 the receipts at the of the previous two

years.

December

THE CHRONICLE

25, 1880. J

Alexandria, Egypt,

1880.

Dec. 23

1879.

1S78.

_

5,065

Receipts (cantars*)—
This week....
8ince Sept. 1

120,000

150,000
2,290,000

1,505,500
This

Since

week.

Sept. 1.

1

75,000

1,000,000

This

Since

week.

Sept. 1.

This
week.

Since

Sept. 1.

Exports (bales)—

Liverpool

14,000 106,000

To Continent....

8,000 154,606
35,343 11,000 79,850

3,351

17,351 141,343
*

A oantar is 98 lbs.

5,000

19,000 234,456

70.500
29.500

Sea

5.000 100,000

for the week ending

•

32* Cop.
Twist.

“
“
“

Shirtings.

d.
d.
9 38® 10*8
938® 10*8
9 *4® 10
9*4® 10

Oct. 22
“
29
Nov. 5
12
19

d.

a.

6
6
6
6
6
6

Dec. 3
“
10
“
17
“
24

The Exports

s.

9
9
9
9

9*4® 9”8
9cs®10
6
95s®10
9Hi® 97* 6
n
95s®l0
7
95s®10

26

Mid.

®8
®S
®8
®S

JJplds

d.
0
0

of

®8
®8
®8
®8
®8

d.

6\

0
0

7Hs®7 10*2
9
9
9
0
0

d.

32* Cop.
Iwist.

0
0
0

lHi
IH2

d.

9i*
6%
9*8
6*2
9Hi
67ig 9i4
638
9q
0ll16 93a

®93*
®93*
®S)3*
® 978

Shirtings.
s.

d.

6
6

4H2®7
4i$®7

6
6

JJplds

d.

d.

7Hj
7Ha

67e
6 78

4Hl®7

7h

6

9

73s
6\

7*2

678

®97s 6

8.

®7

4Ha®7

®10

6 6 ®7
611,fi 10 ® 10*2 6 9 ®8
650
I0!8 ® 1058 6 IQ^'diS
61316 10 ® 107g 6 9 ®8
611,6 10 ®1078 (6 9 ®8

Cotton from New York this

9

6\

0

078

1*2

615lg
6l3j<$
61516

0
0

week

snow

op Cotton (bales) from New York since
Sept.

a

Exported to—

Dec.

Liverpool
Other British ports.

1.

Dec.
8.

13,343

7,289

815

Total to Great Britain 14,158

1,750

4,966 144,220 178,445
6,655
6,346

1,442

Total French.

1,442

101

865

699
750
550

1,491
1,725

1,223

1,999

3,219

Bremen and Hanover

Hamburg

Other ports.
Total to North. Europe

101

15,900

18,017
14,042
4,092

16,434

1,153

500
746
50

3,231

1,296

36,151

28,497

2

460
953

3,206

1,413

3,206

0

Tiie Bellowing

are the

Receipts

New York.

Receipts
from—

This | Since
week. \Scj)t. 1.

Boston.

This
week.

10,046

Mobile

.

Virginia..

North, pts
Term., Ac.

5,811

Norfolk.... 18.523
Baltimore..
5,526
2,561

Pliiladelp’a

2,196

211

8.860 207,953 232.394

Cotton at New York,
the past week, and since

| Philadelphia.

Baltimore.

This

Since

This

Since

week.

Sept. 1.

week.

Sept. 1.

1,627

11,205

12,2 Ti

*

2.561
107

Mon.

Tues.

Wednes.

"288 1*1*450

4,600

5,406

58,634

48,355
1,385

3,833

43,371

1,924

12.793

4,684

59,312
80

1,333 L 5,140

Fri.

3ie® q 31G®14 3ig® *4 3i<>® *4 316®14
316® x4 316® x4 316® x4 3 j g •g)
3lfi® ‘4
316®^4
58®1110 58®11ig 58®U16 58® 1 xlrt ®8® 1 1 lrt
58®DXa

Havre, steam
Do

c.

sail

Bremen,

c.

steam,

v sail

Do

.c.
c.

Hamburg, steam d.
Do

sail...rf.
steam.c.

’

sail...tf.

Baltic, steam
Do

d.

sail

*2® ;>58

Hi® Sg

*2® ^

58
Ha® r>8

50
^® ^

58
12® :78
58

58

%

*2®%
ll6® 34

*2® f'8

111Q®

....

....

71G® Hi

c.

Liverpool.—By

12®58
1^16® 34

71G® Hi

....

12®58
50

Hi® Ss
58

«8

l2® °8

*2® %
58

Hs®%

*2® 5q

Hi® :78

....

716® L2

—

=8

....

716® *2

....

716® Hi

....

cable from Liverpoo',

*2® 3s

Dig®3* Dig® *4

....

*Dec. 3.

28*489

Thurs.

....

we iiav

t

ie

following

norr.;

i,6 L7 27*2*19

**440 12,215

1,333 27,381

8,953 123,069

Last year. *22,089 559,850 23,941
197,540

3.582 38,770

6,130

87,524

Skipping News.—The
exports of cotton from the UniteQ
States the past week, as
per latest mail returns, have reached
164,500 bales. So far as the Southern ports are concerned, these
are the same
exports reported by telegraph, and published ir
the Chronicle last
Friday. With regard

to New York, we
include the manifests of all vessels cleared
up to Wednesday
night of this week.
Total bales.
New York—To
Liverpool, per steamers Bessel, 1,150
City of
Richmond, 558
Arizona, 100
Biela, 578
Helvetia,
1,560—per barks Trongate, 346
Crapo, 665
•
4,966
To Havre, per steamers
Caliera, 448
Labrador, 1,348
Vo mer, 800
2,596
To Bremen, per steamer
Mosel, .540
•
500
To
Hamburg, per steamer Suevia, 448
per ship G. W.
Wappans, 298
746
To Antwerp, pea* steamer
Nederland, 50.
50
To Point-a-rltre.
per
,2
2
New Orleans—To
Liverpool, per steamers Gallego, 5,900.-...
...




19,613
13,591
1,525
18,523
5,762

2,196

sail... d.

Do

Since

2,763

3,538

32,129

Liverpool, steam d. 316® *4

Amst’d’m,

This year. 42,251 554,712 13,634
141,699

Lartington,

1,736

3,000

statement of the week’s sales, stocks, &c.. at that

3,070
2,200 77,638
1,2341 23.447

8,010

4.000

5,376

107

’*956

10.792 150.796

4,750

2,145

236

Satur.

Do

Se2)t. 1.

...

Florida.
S.Car’iina
N CarTina

3,100

Wilmington

2,017

N. Orl’ans
Texas

5,263i 59,376
2,700, 49,846
Savannah 10,885 136,199

3,255

.

Total*
8,860
59,639

50

'

of

Boston, Philadelphia and Baltimore for
September 1, 1880.

1,246

Total.. 96.141 28.038 10,548 5,295 4.750
9,376 4.736 164.506
Included in the above totals are.£from New
York, 2 bales to Point-aPitre; from New Orleans, 1,495 bales to Vera
Cruz; from Charleston*
1,630 bales to Gottenburg; from Texas 970 bales
to Coak for
orders*
and from Wilmington 1,525 to Channel.
Cotton frmg its c»ih pas w-i^k luve been
as fol!ows:

19,514

9.318

Havre. burg. Antw'p. topol. tander. Genoa.

2,596

Spain, Op’rto, Gibralt’r,&c

17,599 10,609

Bremen AmsBarcelona
and
terand
Ham- dam & SebasSan-

pool.

Boston

usual

our

S. Francisco

2,590

Total Spain, &c

164,506

shipments, arranged in

4,966 150,875 184,791
15,900

905

are as fo.'m^a.

New York..
4,966 2,596
N. Orleans. 32,670
16,483
Charleston. 11,771 2,502
Savannah
5.200 6.457
Texas
12,621

year.

19,514

All other

Grand Total

Sept. 1.

,

Liver¬

period
prevVus

Dec.
22.

Havre
Other French ports.

form,

Same
Total
since

Dec.
15.

7,289

Total

The partii : xrs of these

1,1880.

Week ending—

5,200

Baltimore—To Liverpool, per steamers Nova Scotian, 965 and 18,523
61 bags..Mary
Louisa, 1,800
Sena, 1,500
St. Al¬
bans, 1,200
5,526
To Bremen, per steamer
Leipzig, 236
236
Boston—To Liverpool, per steamers
Illyrian, 772
Minnesota,
339—Heela, 296
Moravian, 237
Canopus, nl7
2,561
Philadelphia—To Liverpool, per steamers Lord
Gough, 1,696
Illinois, 500
2,196
San Francisco—Tc
Liverpool, per ship Continental, 107 (foreign)
107

decrease, as compared with last week, the total reaching 8,860
bales, against 9,318 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, 1880, ani in the last
colnmn the total
for the same period of the
previous year:
Exports

5,376
3,000

3,707 Upland....per ship
Adelaide Baker, 2,750 Upland
77
6,457*
To Bremen, per barks Felix
Mendelssohn, 3,261 Upland
Johanna, 2,550 Upland
5.8tl
To Amsterdam, per bark
Bengal; 2,145 Upland
2,145
Texas—To Liverpool, per ships
Atmosphere, 4.788
Ben
Lomond, 3,463
N. Mosher, 2,980
per bark Sylpliiden,
1,390
12.621
To Cork for orders, per
brig Mira. 970
970
WiLMrjfGTON—To Channel, per
,1,525
1,525
Norfolk—To Liverpool, per steamer
Aunie, 5,411
Ityerson, 5,370—Fred. E. Seammell, 4,570.. per ships
pt-r bark
B. Hilton, 3,172

CotVn
Mid.

814 lbs.

1,630

Sea Island
To Havre, per steamer
Zealou*,

1879.

8^ lbs.

11,771
2,502
3,100
4,750

—

comparison:

CotVn

Louise, 2,311

Isabel

lona, 2,94o Upland—per brigs Nueva
Suber, 626 Upland
Joveu Ana, 560 Upland
To Genoa, per bark Nellie T.
Guest, 3,000 Upland
Savannah—To Liverpool, per
ship Arklow, 4,981 Upland and
219

Manchester Market.—Our report received from Manchester
to-night states that prices are unchanged for both twist and
shirtings, and the market is now quiet but firm. We give the
prices of to-day below, and leave previous weeks’ prices for
1880.

per barbs Princess

Craggs, 2.425 Upland
and 265 Sea Island—M. A.
McNeill, 3,283 Upland
To Havre, per bark Albina,
2,298 Upland and 204 Sea Island
To Amsterdam, per bark Northern
Empire, 3,100 Upland...
To Sebastopol, per
steamer Weannouth, 4,750 Upland
To Gotte burg, per bark
Sostrene, 1,630 Upland
To Barcelona, per barks
Amazon, 1,250 Upland
Barce¬

shipments to all Europe

17,351 bales.

Island

Upland and 57 Sea Island

-

This statement shows that the
receipts
Dec. 23 were 120,000 cantars and the
were

Total

bale**
Gracia, 2,800—St. Louis, 3,944....per ships
Importer,
Olive3. Southard, 3.246
32,670
To Havre, per ships
Dora, 4,058
John Bunyan, 4,411
Expounder, 4,005
Swallow,
4,009
16.433
To Bremen, per
ship Goscheu, 3,255
3,255
To Barcelona, per steamer Vidal
Sala, 3,000
3,000
To Santander,
por bark Ulrilta, 1,000
1,000
To Genoa, per bark Domenico
Lauata, 1,736
1,735
To Vera Cruz, per steamer
City of Merida, 1,495
l„493i
Charleston—To Liverpool, per ship John
Patten, 2,900 Upland
and 530

c

To

679

Delambre, 2,931.... Bueentaur, 5,196

Sales of the week
bales.
Sales American
Of which exporters took
Of which speculators took..*
Actual export
....

Forwarded

Dec. 10.

66,000

Dec.

65,000
51,000
5,100

47,000
9.100

9,100

4,300
12,000
17,500
453,000

8,800
16,000
441,000

Total stock—Estimated
Of which American— Estim’d
321,000
Total import of the week
79,000
Of which American
59,000
Amount afloat
282,000
Of which American
266.000
Tile tone or duo
Liverpool market tor

343,000

17.

80,000
66,000

41,500

7.200
5.700

5,700
2,600
6,600
8,300

9,O>0
18,50 >
42* ,03 >
32l,oOO

98,000
87,000

7 1.000

291,000

3 4<»,000
3 23.,300

275.000

Dec. 23.

58,000

30.500

465,000

357,000
87.000
73,000

361,000

334.000
spots and. futures e.tou day cf the
week ending Dec. 24, and the
daily closing prices of spot cotton, have
bcen as follows:

Saturday Monday.

Spot.

Mod.

inq,
freely
12:30 p.m.
supplied.
Mid. U pl’ds
6^t
Mid. Orl’us.
678

Market, 1

J

Market.
5 P. M.

P. M.

Dull.

inq.
freely
supplied.

Guig

611 ie

Easier.

013i6

.

1 ooc

10,000
2,000

7,000
1,000

8,000
1,000

Dull.

Dull

10 000

2,000

■

S

\

\

9

ea

Futures.
5

678

Friday.

Mod.

and

6D1G
613io

Thursday.

-r/A

Dull.

5
8,000

exp.

Market,

634

Wednes

£
J

Sales

3pec.A

Shade
easier-

Tuesday.

Quiet.

Steady.

Flat.

0

►H

.

tibO
sales of futures at
below. These sales are on the
unless otherwise stated.
The actual

Liverpool for the same week are given
basis of Uplands, Low Middling clause,

(From the “ New York Produce Exchanqe Weekly.")
Receipts of flour and grain at Western lake and river
for the week ending Dec. 18, 1880:

62332 Mar.-Apr
Dec.-J an—62332 @ 11 is Apr.-May
May-June
Jan.-Feb..
63*

.tiling

62332

62&32

Feb.-Mar
Dec
Dec-Jan

6i316 May-June
62732 Dec.-Jan
Jan.-Feb

6iqe

May-June
June-July

627;<2
678
62932

Dec.-Jan

62332
634

Jan.-Feb
Feb.-Mar

Apr.-May
May-June
June-July

67s

62332 Feb.-Mar
62332 Mar.-Apr
62532 Apr.-May

Dec

Feb.-Mar
Mar.-Apr

Dec.-Jan
Jan.-Feb

99,031

Cleveland
8t. Louis

3,454
34,497
8,875

678

f>2732
678
d&ie

Peoria

62532a>^

R13i6

Total

62732

Wednesday.

62532 May-June ....—G2732

Mar.-Apr

6Ui<j
.‘—61‘is Apr.-May

Dec

Jan.-Feb

6i3i6

Thursday.

Feb.-Mar

62332
6%

Mar.-Apr

62532

Jan.-Feb

6i316
62~32

tf2732 April-May
May-June
67g

Apr.-May
May-June

breadstuff s.
The flour market was

dull and depressed

1880.

early in the week,

in several
months,
Britain as
low
$4 25 per bbl. A very unsettled feeling prevailed, in
sympathy with the wheat market. But latterly, although the
position has not improved, holders have ceased to press their
stocks
the market, and prices have ruled somewhat steadier.
Rye flour, corn meal and buckwheat flour have also declined
declined to the lowest figures current
with sales of fair shipping extras for Great

as

on

To-day, as usual on the eve of
a holiday, trade was dull, and prices were nominally unchanged.
less during

the week.

The wheat market

Wheat...... bush.
Com
Oats

has been quite

334,650

2,219.621

1,398,504 1,534.476

at same ports

Bye,
bush.
(32 lbs.) (48 lbs.) (56 lbs.
437,257 128,975 27,403
45,350 134,730 17,350
949
19,234
3,647 19,803
5,600
3,000
8,539
59,187 113,980
129,000 20,330 10,175
Oats,

Barley,

bush.

bush.

1880.

1879.

6,803,082

6,809,274
30,084,598

83,557,425

699,275 426.818
388,341 268,250

64,416

51,403

inclu¬

from Jan. 1 to Dec. 18,

83,108,367- 97,292,990
148,901,027 105.636,976

1877.

1878.

4,997,599’
53,005,162
77,564,815
22,189,879

5,709,763
88,813,379
91,775,681
30,229,163

9,188,939
4,954,890 >
Total grain
286,130,090 247,802.267 225,642,035 167,903,685
Total receipts (crop movement) at same ports from Aug. 1 to
10,109,652
4,678,051

9,764.102
3,799,169

Barley
Rye

9,854,017
4,909,795

....

inclusive, for four years :
1880.
1879.
bbls.
3,533,720
3,064,335
bush.

Wheat

and prices

more or

505,925

247,140 1,608,227

bbls.

Flour

Flour

P. M., Dec. 24,

....

Total receipts

Dec. 18,

Friday—Holiday.

Friday,

137,281
20,579
30,500

sive, for four years:

61 q6

Jan.-Feb

.

Same time ’79. 161.835

678
62932

May-June
J une-J uly

19,940

397.225
246,841
176,833
22,500
100,838
11,725

ports^

Duluth

Tuesday.

62332 Feb.-Mar
623;i2@nlt} Mar.-Apr
6 % ® 2332 Apr.-May

Dec

(196 lbs.)

83.532
1,250
16,501

:...6%
62532
61316

61316 May-June

At—

Chicago
Milwaukee
Toledo
Detroit

Monday.

Apr.-May

hush.

bbls.

d.
62932

Delivery.
d.
6*3l6 June-July
..-62732 Dec....
Jan.-Feb
67s

Delivery.

d.

Delivery.

Corn,
hush.
(60 lbs.)
(56 lbs.)
652,270 1,170,746
Wheat,

Flour,

Saturday.

Dec.

[VcT,. XXXI.

CHRONICLE.

THE

Corn.

Oats

Barley
Rye
Total grain....

59,939,105
39,778.759
13,022,531

52,158,643
59,218,779
20,530,013

1877.

1878.

2,763,757
42,713,544
31,659,228
12,364,405

2,713,104
54,806,390
39,263.529
16,558,042

Comparative shipments of flour and grain from
ports from Jaa. 1 to Die
18, inclusive,
for four1878.
years
1880.
1879.
5,823,425
7.308,815
6,063,000
..bbls.
Flour..
bush.

Wheat

Corn..

demoralized by specula¬

Oats..

6,325,153
2,001,783
98,074,114

7,453,366
7,670,9L5
6,923,166
2,406,815
2,765,510 - 9L0.486
141,772,616 120,176.820 118,466,613

77,398,707
84,159,075

68,289,543
125,479,189
30,969,704

21,191,079

Rye

the same1877.

5,224,121.

70,115,769
78,589,097

43,948,483-

21,421,365

17,907,376:
5,669,818
2,367,116

5,309,359
3,714.551

5,531.592
4,040,923

4,172,304
3,059,946

Barley

:

67,374,171

Total grain.... 231,970,686 192,321,331 179,153,111 137,286,964
complications. Several of the “ bull ” party at Chicago
and St. Louis have failed, and these failures, together with weeks ended:
1877.
1878.
1879.
1880.
dull foreign advices and a further check upon the export
Week
Week
Week
Week
Dec. 22.
Dec. 21.
Dec. 20.
movement—caused by the scarcity of ocean freight room, have
Dec. 18.
142,970
145,649
168,360
caused prices to give way materially. The decline, however, Flour
671,366
877,495
234.632
..bush.
299,734
has been more decided in the more distant futures than in Wheat..
449,489
391,858
645,574
576,250
Corn
148,017
184,382
13.5,007
376,351
Yesterday
red
sold
16/£
spots.
No. 2
winter
at $1 16@$1
on Oats
103,547
129,686
90,474
127,269
the spot and $1 19@$1 19/6 for February, and No. 1 white Barley
5,445
45.850
15,62 4
58.0L4
Rye
at $113^6@$114 on the spot and $116@$116% for February,
1,261,537 1.599,045 1,377,864
1.437,619
Total
closing at the inside figures. The recent reduction in prices
Rail and lake shipments from same ports for last four weeks:
and the partial disturbance of credits at Western markets
B irley,
Oats,
Bye,
Corn,
* Week
Wheat,
Flour,
bush.
bush.
bush.
bush.
bush.
begin to have an effect in causing a falling off in receipts. To¬
endina—
bbls.
127.269 53,014
376.3 VI
576.250
299,73 4
Dee. 18...215,185
66,158 33,192
day there was a further decline of l@l/£c.
403,716
466,716
212,220
Dec. 11... 197,322
121,507 58,502
461,341
610,239
236,733
Indian corn has been in light supply, and prices were well Dec.
4...274,115
107,937 56,489
453,190
854,916
531,786
Nov. 27... 173,709
supported, an improvement being at times obtained. Wednes¬
523
2,508.121 1,697,598 422.921 206,197
day afternoon No. 2 Western sold largely at 57%@57%c. for Tot.. 4 wks.860,331 1,280, 864 3,066,751j 695,772 472.200 129,975
4 w’ks ’79.. 630,895 1,360,
January and February. The supplies of new corn from New
Receipts of flour and grain at seaboard ports for the week
Jersey and the South continue comparatively small, but the ended Dec. 18:
Oats,
Barley,
Bye,
Corn,
Wheat,
Flour,
demand has not been active, and prime yellow has sold afloat
bush.
bush.
bush.
bush.
bush.
bbls.
At87,050 27.23$
at 5G@56/6c. Yesterday the market was dull and depressed, New York
152,836 654,580 365,870 189,150
2,870*
31,950
37,520
204,375
96,420
78,332
No. 2 mixed closing nearly nominal at 57@57%c. on the spot Boston
2,500
5,800
72.360
4,500
Portland
800
1,800
4,800
and for the next two months* deliveries. To-day spots were Montreal
10,135
2,50051,200 34,800

tive

■

nominal and futures weak.

Rye has been rather

dull; yet prime boat-loads have sold at

98c., and No. 1 can hardly be bought less than $1. Barley
been in demand, and prices must be quoted slightly dearer,
sales of yesterday including No. 1 bright Canada at $1

Barley malt has also been

has
the
35.

time, and Canada at $1 40.

arrive at $1 20, short

Buckwheat is decidedly lower.

materially declined, under a subsidence of specu¬
lative confidence and slow trade, with increasing supplies by
rail. To-day the market was dull, with No. 2 graded quoted
at 42c. for mixed and 44c. for white; and there were sales of No.
2 mixed at 44%c. for March.
The following are closing quotations :
Oats have

Spring superfine
SpifcujC wheat extras..

4 00® 4 40
4 50® 6 25

4 25® 4 75
5 00® 6 25
6 50® 8 50

City shipping extras. 4 25® 5 50
Southern, bakers’ and
family brands
5 50® 7 00
Bouth’n ship’g extras.

Rye flour, superfine..
Corn meal—
Western, &c

Brandywine. Ac
Buckw.
100 lbs.




Grain.

r

$3 00® 3 40 j Wheat—
' 3 60® 3 80 j No. 2 spring
Red winter...
3 20® 3 60

do XX and XXX...
Winter shipp’gextras.
do XXandXXX...
Patents

22,910

187,000

Baltimore
New Orleans

25.969

542,500

209,100
272,450

10,917

31,372

65,885

305,599 1,589,032
Total week
Cor. week ’79— 248,400 1,071,493

4 50® 5 25

...

Red winter, No. 2
1
White
Corn—West, mixed
West’n No. 2
South, yell’ w, new
South, white,new

Rye
Oats—Mixed
White

Duluth

Toledo
Detroit

Oswego
8t. Louis
Boston..

1 15

®

Philadelphia

110
53

®1 15

53
54

95

40
42

2 75® 3 15

1 00

2 00® 2 25

Buffalo
Dhicairo
Milwaukee

Toronto.

1 17
1 05

3 50®

Albany

®1 15
® L 20

5 30® 5 60 Barley—Canada W.

State, 4-rowed...
State, 2-rowed...

In store at—
New York
Do. afloat (est.)

1 10

Peas—Can’da,b.&f.

82

Buckwheat

56

®
®

®
®

57*a
57
56
58

®1 00
®
43
®
45
®1 35
®1 12
®1 05
®
95
® 53

1,123.480 307,040 153,600

1,802,903 379,728 150,201

39,106-'

69,114

comprising the stocks in gran ary
accumulation at lake and seaboard
by rail andCorn,
on canalOats,
frozen inBarley,
:
and in transit Wheat,
Bye,

112

....

6,500-

9,500
15,370

The visible supply of grain,
at the principal points of

active at firm prices; the sales of ports,

yesterday embraced six-rowed State to

Flour.
No. 2
# bbl.
Winter superfine

*

Philadelphia

Montreal
Peoria

Indianapolis
Kansas City
Baltimore
On rail
Canal and river..

5,703,056

bush.

2,414,962

bush.

862,976

bush.
185,155

bush.

219,106
44.000

450,000
118,000
19,500
99,000
43,078
290.883
564,199
6,910,065 4,635,505 1,449.394
58,005
27,369
2,274,447
5,000
881,300
59,690
630,895
2,170,404
7,445
8,912
1,205,930

200,000
450,500

400,000

4,000

232,263
64,013

62,141
11,919

61,143

60,000

2,213,189

154,496
110,871
116,494

1,312,954
20,104
446,600
452,333

115,000

1,374,034
266,775
23,000
291,640
176.908

127,462

108.200

104,900

199.851

-89,835

244.851

2,520,846
598,000 1,128,000
1,445,000 4,504,000

316,078
211,803
450,029
45,000
5,254

53,000
20,950
307,432

59,176
1,144.

416.835

1,237
9,625

6,170

7,547

4,847

29,084
3,400-

2,072;
148,000
114,000

78,000
40,000

3,783,061 3,057.731
11, '80
28.673,491 15,757,056 3,816,749 2,963,944
4,’SO...... 26 930,859 15,753,676 3,587,563 2,861.443

940,916:
932,63a
913,044

Total Dec.18,’80
Dee.
Deo.

bush.

29,709,288 16,465,285

466,000
100,000

971,647
147
834

December 25,

THE CHRONICLE.

1880.J

681

The following statement, prepared by the Burean of Statis¬ or retail buyers to anticipate future
requirements. Sprir#
tics, will show the exports of domestic breadstuffs from the fabrics received some attention from local and Southern
distrib¬
undermentioned customs districts, during the month of Novem¬
utors,
but
transactions were chiefly confined to placing orders for
ber, 1880, and for the eleven months ended the same, as compared
January delivery. Notwithstanding the late lull in the demand,
'with the corresponding months of the previous year:
values of the most staple cotton fabrics are
HHHH
aiWTJWiz;
CO *0 03 3
WffiJOO
firmly maintained
o
O
® 2
® p cro cd
^ ^
S.2.S2. ® c SB © =* 2 ® p tro ®
(with
the
p p p p ^ 2 <(
of
exception
o
cloths,
print
which
had
a drooping ten¬
r-.-r-;o
m2 <3 o p *32=1*
2.S 3
OS
dency because of the over supply), and prices of woolen goods
g-CJ *<
mm^ S53*-** egg1**
PlO®
g
l-*MO o 2
B 3'rlM
MM-3o rt,
®
® ©1±
remain steady. Accounts from the interior indicate that
O 2 ® =!.
5°
jobbers
5.
SB^
BB*?
© O
DO'*’*
Ss
are doing a
S hh
very fair business for the time of year, and there is
XX
XX
2 2 <t x
2 2 ox
every reason to believe that stocks are in such good shape that
C CO
S.S.5PO
Q ®
they will require replenishment in the near future.
a©
Domestic Cotton Goods.—The exports of cotton
goods during
the week ending December 21 were 1852
packages, of wThich
MM
757 were shipped to Great Britain, 858 to Chili, 83 to
Venezuela,
GOOD
-4X
79 to Hamburg, 58 to Argentine Republic, 50 to Brazil, 44 to
©©
Hayti, &c. Deliveries of cotton goods (on account of former
orders were checked to some extent
by the near approach of
bj
c w
O' M 05 O'
new
“stock-taking,” and
business was comparatively light
W Wmm
CiCOtOC
QDtvOO
CO
CO
to ba
CO CO M 4-.
but nearly all makes of plain and colored cottons are so
OUOMW
closely
*-XOi©
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tv to V O'
CO © wx to <1
.CO CO CD C
tw
sold up to production that the tone of the market has 1- st none
05 X
ocpcc-q : ©: ro; © M ©X to ©
M © W W
toooc to
io. ©•
M
M
<1
of its firmness. Stimulated by lower prices there was a some¬
CD 0*0
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X
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MM©©
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u»
WM©M
what improved demand for printing cloths, and fair sales of
M © M 10
w

—

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I—1

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x a

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w
*

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180.4573

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facturing centres, on the basis of 4>gc. and 3%c. for the respec¬
tive grades. Prints ruled quiet, with the
exception of shirting
styles, in which there was a moderate movement. Printed
piques, and low-grade printed lawns were more sought for,
and considerable orders were placed with
agents for future
delivery.

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foregoing totals are the reports from Miami, Milwau¬

kee, New Haven, Oswegatcliie, Portland, Richmond and Willamette, the
details for November, 1880, being as follows:.
Miami.

Milwau- New Oswegatkee. Haven, chie.

Port¬

land.

Rich¬
mond.

ette.

Value, $

corn—

Value, $

110,418
50,800
700

2,500

Value, $

Bushels

14,957

Value, $

14,957

WheatBushels

31,378

29,250

Pkffs.

Value, $

32,000

35,000

Value, $

$

163,863
167,304

35,000
19,000

121

1,995

1,200
$
3,747

$

$

200

7,350

4,240

184,703
490

265,816
239,052
43,037

$

Silk
Flax

510
396
356

573

43,037
148,644

Total

2,049

1051,997 62,956

Pkgs.

$
86,043
204,521

527
775
305
839
459

258,067

93,439
74,608
716,678

2,905

1880.

Value.

Pkas.

Value.

$
194,316
245,676
169,211
154,198

606

$
168,323
539,080
358,275

1,162

172,094

95.986

998

151,845

406

1,515

859,387

WITHDRAWN FROM WAREHOUSE AND THROWN INTO
ING THE SAME PERIOD.

$
312,209
680,440

Manufactures of—

4,687 1,389,617

THE

MARKET

DUR¬

V

Wool
Cotton
Silk
Flax

1879.. 3770,678 1349,367 42,547

3,447 1480,244 1603,072 2335,236
70,896 1035,915 2770,231

12,786

-

THE DRV GOOD3 TRADE.
Friday, P. M.. December 24, 1880.

nearly all descriptions of seasonable goods, but

Miscellaneous

139
101
43
204
646

55,478
45,998

1,133

219,203

46,689
39,424
31,614

245
263
71
347
398

87,565
139,889
65,440
95,117
408,420

20,409

Total
Ent’d for consumpt.

2,049

716,678

1,324
2,905

Total

3,182

935,881

4.229 1,267.807

on

market...

859,387

256
177
115
352
..

1.476

96,018
64,752
106,202
71,323
37,624

2,376
375,919
4,687 1,389,617
7,063 1,765,536

ENTERED FOR WAREHOUSE DURING SAME PERIOD.

The past week has developed no material change in the con¬
dition of the dry goods trade. There was a continued light de¬
pur¬

chases were made in strict accordance with actual wants, and
there was very little disposition on the part of either
package




214

Value.

1879.

23, 1880.

'

73,157

mos.—

mand for

Wool
Cotton

Miscellaneous

Wheat flour—

11

importations of dry goods at this port for the week ending
corresponding weeks of 1879 and

Manufactures of—

Value, $
Bye-

82,800
92,700

The

1878.

Bushels

Nov.,’80
JSTov.,’79

Importations of Dry Goods,

185
447

Oats—

$

sales.

ENTERED FOR CONSUMPTION FOR TIIE WEEK ENDING DEC.

Ind. corn meal—
Barrels

Tot. values—

foreign dry goods was
quiet, even holiday goods having been in comparatively
light demand. The most staple fabrics remain steady in price,
and stocks are not excessive as a rule; but goods of a
fancy
character that are risky to carry over are not unfrequently
offered at low and unremunerative figures, in order to stimulate

Dec. 23, 1880. and for the
1878, have been as follows:

Bushels

Bushels

and underwear.

Willam¬

BarleyInd’u

hand-to-mouth de¬

very

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heavy cassimeres and plaid-back overcoatings by
clothiers and cloth jobbers, but business in this connection was
by no means active. Spring casssimeres, suitings and worsted
coatings-ruled quiet—save in exceptional cases—and there was
only a limited demand for cloakings—cloak manufacturers hav¬
ing as a rule suspended operations for the season. Prices of
clothing woolens remain without quotable change, and the
most desirable makes (in both heavy and
light-weight fabrics)
are firmly held by manufacturers’
agents. Repellents were
quiet, and transactions in tweeds, blue flannel suitings and
cashmerettes were chiefly confined to making deliveries in
execution of back orders. Kentucky jeans and satinets were
devoid of animation, but prices ruled steady and
unchanged.
For blankets and flannels there was a light
re-assorting demand
and such was the case with worsted dress goods, shawls, skirts
Foreign Dry Goods.—The market for

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were

Manufactures of—
Wool
Cotton
Silk
Flax
Miscellaneous
Total
Ent’d for consumpt.
Total at the port...

•

68
125
59
106
540

35,650
31,666
66,599
28,265
28,065

598

2,049
2,647

212
265
117

486
2,609

80,623
100,418
88,247
67,600
66,638

150
318
164
274
2.370

187,245

3.6S9

403,526

716,678

2,905

859.387

3,276
432,530
4,68" 1 339,617

903,923

6,594 L,262,913

7,96311,822.147

*

68,880
130,341
139,301
54,572
39,436

‘XHXO. V. SAND
.AAX E. 8AND.
ZowiRB A. Petit, Member N.

Y. Stock Exch.

SELLING AGENTS FOR

BROKERS,

Wall Street, New

STOCKS AND BONDS BOUGHT
COMMISSION.

Towels, Quilts, White

A. H. Brown &

And all kind* of

COTTON CANVAS,

Export Trade.

Co.,

▲Iso, Agent*

E.R.Mudge,Sawyer8cCo

of country banks.

Special attention to business

FOR

AGENTS

Smith,

Fred H.

Washington Mills, Chicopee Mfg.
Burlington Woolen Co.,

AND

MIL. WARD’S

NEEDLES

HELIX

BROADWAY, NEW YORK.

400

BROKER,

AND

Cllerton New

Investors or Dealers wishing to
to communicate.
State,
Railway Bonds and Coupons bought
Market Rates.

Invated

Hosiery. Shirts and

Ocean Mills

Drawers

Mills.

From Various

10 Year

BOSTON,

NEW YORK,

15 Chauncey Street
Street,
PHILADELPHIA.
J. W. DAYTON, 230 CHESTNUT STREET.

43 & 45 White

buy or sell are

Municipal and
and sold at best

Insurance.

Gilman, Son 8c Co.,
BANKERS,

No.

11 Old Slip, New

York.

STREET.

CEDAR

Atlantic Cotton Mills
AND

SECURITIES

RAILROAD

OF THE

OFFICE

General Banking Business, buy
sell Government Bonds and Investment Securi-

\

In addition to a
and

ORIENT

ties.

STOCKS and BONDS
At Auction.

J.B&J.M.CORNELI

AUCTION

DROUGHTS:CAST IRONWORK

The Undersigned hold REGULAR
SALES of all classes of

ox

WEDNESDAYS

SATURDAYS.

AND

'139T0'143CENTRE ST/N.Y
(FALLKINDS.FOR BUILDINGS#
Repairs Promptly Attended To.

Attn BONDS

STOCKS

4

York Stock Exchange.

GOLD MEDAL,
'

and

be had of all dealers
throughout the world,

New York.

1 @ 8 1*.

INSURANCE
COMM
NEW YORK,

OF
F.S.WINSTON, PRESIDENT]

A 'MANUAL

SSUES EVERY APPROVED

DESCRIPTIONO

JFE AND ENDOWMENT

FOR

INTERMS AS FAVORABLE

INVESTORS AND BROKERS.

POLICIE!

Wire

Rope.

suitable for MINING AND

PURPOSES
Planes, Transmis¬

HOISTING
Inclined

sion
of Power, &c. Also,
IGalvanized Charcoal and

$2 00

IBB for
,

‘Guys, Ferry Hopes, Ac. A
large stock constantly on

hand from which any de¬
sired
lengths
are
cut
FLAT STEEL AND IROi
ROPES for Mining pur¬
poses manufactured to or-

’’WILLIAM B. DANA A CO.,

William Street N. Y.

JOHN

!

Ships’ Rigging, Sus¬

pension Bridges, Derrick

l oo

PUBLISHERS,

$70,467 32
*260,000 00
78,142 00
350,029 18

Cash in banks.

United States stock
Stocks of Corporations
Real estate

Suspense account

430,102 20

and accrued in¬

8,444 45

terest

$1,197,185 15
day
Resolved, That six per eent interest on the
outstanding Certificates of Profits bo paid to tho
holders thereof, or their legal representatives
Total amount of

Tho Board

on or

assets

of Trustees have this

after 1st March next.

By order of the

Board,

CHARLES IRVING, Secretary.

AS THOSE 01

STEEL AND CHARCOAL
IRON of superior quality

About February 10.

To Subscribers of the Commercial 7
A Financial Chronicle
j

109,398 30

OTHER COMPANY.
ORGANIZED APRIL 12™ 1842.
ANY

‘ASHASSETS OTER$80,000,00£
PUBLISHED

pre¬

Subscription notes, bills receiva¬
ble and uncollected premiums.

ri' gi t:

UTUAL Lit I

[(ANNUAL.)

return

ASSETS,
31st Doceraber, 1879.

His Celebrated Numbers,

Financial Review,

Brice or the Review, in Cloth

premiums of the year....

PAHIS, 1878.

Joseph Gillott & Sons,




$015,842 45
$771,077 35
393,686 83

premiums

miums

303-404-170-351-332,

THE

99 £|?1

802,271 22

Losses and expenses

and his other styles may

BE

$113,571 23

Re-insurance

State, Municipal and Railway Fends and Coupons
thought and sold at best market rates. Investors or
dealers wishing to buy or sell are Invited to communl-

WILL.

Total

Earned

SPECIALTY

•cate with us.
Member of the New

31st Decem¬

BROKER,

Street,

A

its Charter:

premiums received during
the year ending 31st Dec., 1879

New York City
SOUTHERN SECURITIES

6 Wall

Ho*

following statement

Net

John B. Manning,
BANKER AND

1S80.
of the affairs of this
Company on the 31sfc day of December, 1879, is
published in conformity with the provisions of
28th January,

New York,

The

ber, 1878

STREET, NEW YORK.

No. 7 PINE

Mutual Insurance Co.

Premiums unearned

MULLER A SON.

ADRIAN H.

Co.

Mills,

Saratoga Victory Mfg. Co.,

STREET, NEW YORK.

CAn intimate knowledge of all for the past
A SPECIALTY.

62

Street.

Duane

No. 109

SECURITIES.

INVESTMENT

No. 13 BROAD

in stock.

all Width* and Colors always

New, New York,

T Wall St., Cor.

BANKER

Company.

States Bunting

United
A full supply

BROKERS,

BANKERS AND

FELTING DUCK, CAR COVER

1NG, BAGGING, RAVENS DUCK, SAIL TWINES
AC. “ ONTARIO * SEAMLESS BAGS,
“AWNING STRIPES.'

George A. Clark Sc Bro.,

•

—

w-—,

Goods and Hosiery,

Drills, Sheetings, dc.,for

NEGOTIATED.

COMMERCIAL PAPER

COTTON SAILDUCK

DUCKS, &c.

PRINTS, DENIMS, TICKS,

AND SOLD ON

Dealer* In

'Manufacturers and

SHEETINGS,

AND

York.

LEADING BRANDS

BLEACHED SHIRTINGS

AND

BROWN

Co.,

&

Boston, Philadelphia,

New York,

Sand Brothers 8t Co.,
BANKERS AND

BrinckerholT, Turner

Wright, Bliss & Fabyan,

JOHN 8ICKELS.

Cards

Commercial

Commercial Cards.

Financial.

54

[Vol. XXXI.

THE CHRONICLE.

682

W. MASON & CO.,
43 B jaduay, New York.

TRUSTEES:
George Mosle,
Henry DeB. Routb,
E. H. R. Lyman,
Henry It. Kundhardt,

Hugh Auchincloss,
Lawrence

Wells,

William Pohlmann,
Francis Gordon Brown,
Alex. M. Lawrence,
John D. Dix,
Charles Munzinger,
Walter Watson,
Frnesto G. Fabbri,

Henry E. Sprague,
John Welsh, Jr.,

Lewis Morris,

Alexander Hamilton,
Constantin

Merelas,

Carl L. Recknagel,
W. F. Cary, Jr.,
Carl Vietor,
Ramsey Crooks,
Arthur B. Grave?,
H. L. Chas. Renauld,
Chas. F. Zimmermann,
Theodore Fachiri,
C. L. F. Rose,
Wm. S. Wilson,
Gustav Schwab,

George II. Morgan,

Arnold,
G.orgoS. Scott.

Francis B.

EUGENE DUTILH,

ALFRED OGDEN,

President.

Vice-President.

CHARLES IRVIN ?, Secretary.

ANTON METZ, Assistant Secretary.