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HUNTS
MERCHANTS’
MAGAZINE,
fj^ Wejetm §JUwiSiJiipe*,
REPRESENTING THE INDUSTRIAL AND COMMERCIAL
INTERESTS
[Entered, according to act of Congress, in tlie
VOL 30.
year
THE
ing
Cotton
!
153
Consumption in Europe 154
British Politics and Home Rule 155
Railroad Earnings in January. 156
THE
Congress, Washington, D. C.]
Banks, etc
164
THE
Commercial Epitome
Cotton
really deems wisest. Still even if this be so the
dispatches show that he has not receded far
enough to satisfy those members of Congress who
appear to assume that statute has the
by inflationists
Quotations of Stocks and Bonds 167
Investments, and State, City
and Corporation Finances... 168
175
176
Dry Goods
Ckrcnticlc.
to
Financial Chronicle is issued every Satur¬
day morning, with the latest news up to midnight of Friday.
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a liberal discount is made.
Special Notices in Banking and Financial
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WILLIAM B. DANA,
)
WILLIAM B. DANA & OO., Publishers,
JOHN G. FLOYD, JR. j
79 & 81 William Street, NEW YORK.
Post Office Box 4592.
,
jjyjp A neat file cover is furnished at 50 cents; postage on the same is
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For a complete set of the Commercial and
Financial Chroni¬
cle—July, 1865, to date—or Hunt’s Merchants’ Magazine, 1839
1871, inquire at the office.
to
THE LATEST PHASE OF REFUNDING.
Washington dispatches of the
last few
days give fair
reason for
hope that the question of refunding will at
last be taken up and
disposed of. To the Ways and
Means Committee Mr. Sherman now admits that the
option of the Government to redeem at pleasure after a
specified number of years is important and
deserving
serious
very desirable to it will not be denied
that which has made
possible the
8s.
Subscriptions will be continued until ordered stopped by a written
order, or at the publication office. The Publishers cannot be responsible
for Remittances un&ss made by Drafts or Post-Office
Money Orders.
The London office of the Chronicle is at No. 5 Austin
Friars, Old Broad
Street, where subscriptions will be taken at the prices above named.
Of the 782
next, he would reserve
200 millions for
early liquidation by refunding them in
4 per cent
Treasury notes at one, two, and three years,
which latter could be paid and canceled as
they fell due.
All this, however, is stated so
qualifiedly as to suggest
reluctance and leave us in doubt whether Mr. Sherman
is not now, as he has more than once done
before, trying
to
placate
a
feeling in Congress which is
at odds with
exceeding
government is
anywhere—it is
refunding already
accomplished. But we must not forget that such a
reservation, desirable for the borrower, is the reverse
for the lender; hence, that
options must be paid for in
this, as in all mercantile transactions. The great point
of
advantage possessed by the refunding bonds all along
has been the very fact of absence of this
option—that
they could not be disturbed for a long term. The pro¬
posed optional bond would not have this; it would be a
twenty-year loan, with the prospect of running from
to twenty years
longer. To change in this respect
one
the character of the
refunding bonds would reverse the
policy hitherto pursued, and would no longer appeal to
that mass of capital
seeking permanent investment
which Mr. Wood is confident is much
in this country than is
more
generally supposed.
not dwell upon
abundant
We need
the obvious fact that to make this change
after the old advantage of abnormal dulness in
the money market has
ceased, would necessarily have an
obstructive effect upon the
refunding process. If a
30-year plain 4 per cent would sell at a certain premium,
an
optional 4 per cent—far more, a 3£ per cent—
would not bring so much; this is but another
way of
now,
consideration; hence he now believes that, in
view of the improved condition of the
country and the
public finances, it might perhaps be best to authorize a
saying that the
10-40
instead of a 30-year 4 per cent bond.
millions maturing this year and
revenues
the rate of at least two millions
monthly.
That the reservation of option to
the
6 10.
do
surplus
the amount of
outstanding legal tenders in
purchasing, after advertisement, maturing 5s and 6s at
$10 20.
(including postage)
from time to time all
one-third
IN ADVANCE:
For One Year (including postage)
London
absolute
regulate public borrowing that it is assumed
to have respecting the creation of
money.
Instead of a 10-40 4 per cent bond, the committee have
almost unanimously followed Mr. Wood’s lead in
agree¬
ing to report a 20-40
per cent; the 200 millions of
short notes are to bear 4 per cent, and be redeemed in
ten
equal annual instalments; as an independent
measure, a bill is to be reported directing the
Treasury
GAZETTE.
and
For Six Months
do
Annual subscription in London
Six mos.
do
do
same
power to
COMMERCIAL TIMES.
171 I Breadstufts.
1711
NO. 76L
latest
Ellison & Co.’s Annual Review P1’"
of the Cotton Trade for 1879 157
Commercial and Miscellaneous
News.
162
BANKERS
Money Market, U. S. Securi¬
ties, Railway Stocks, Foreign
Exchange, New York City
TERMS OF
of
STATES.
what he
CHRONICLE.
Phase of Refund-
The Commercial
THE "UNITED
SATURDAY, FEBRUARY 14, 188ft
CONTENTS
The Latest
OF
1880, by Wm. B. Dana & Co., in the office of the Librarian
government must pay
it deems them worth
having.
Are they worth having, under
Obviously, there
can
be
no
for its options if
present circumstances ?
motive for such option except
that the debt may be
thereby sooner discharged. It
certainly does not seem to us that this motive is ade¬
quate reason for the impairment of
in
considering this, it should
refunding;
not be
moreover,
forgotten that the.
capital as Mr. Wood,
diminishing rather thax*
unknown amount of such fixed
describes is for the present
THE CHRONICLE.
154
increasing.
In other words, the conditions hitherto
favoring refunding are so far changed and changing
fVoi.. xsx
“
tion affects tba estimated
“
and November to the extent of the increased
consumption for October
weight.”
that we need now to make further loans more rather It is of the utmost importance to keep in mind the
than less attractive.
To turn about now, in face of change here indicated, for we shall then have no diffi¬
this fact, and lower the rate of interest proposed, is a culty in understanding the figures now received by cable
piece of boldness which amounts to recklessness, and for January and their relation to those of the previous
that the optional term is increased does not offset the three months. First we will give the statement for the
•change in rate. The plan agreed upon is much more season to the end of January, which is as follows.
problematical than that consented to by Mr. Sherman.
Bales, actual.
Bales, 400 pounds•
Potinds,
On the other hand, it is a bald error to treat the Takings and Consump¬
Conti¬
tion in Europe.
Great
Great
Conti¬
Great
Britain. nent.
nent.
Britain.' Continent. Britain.
^SO-year unconditional bonds—as many Congressmen
„
seem
to do—as if it
were
an
absolute commitment of
Surplus Oct. 1
the Government to
paying interest during all that term.
'Government always has the privilege of buying in its
dbonds in open market and has so bought millions of
them. This very idea is embodied in the independent
and not necessary proposition of Mr. Wood for a
monthly purchase. True, holders can make the Govern¬
ment pay for this privilege; tru^, also, that investors can
make it pay for the privilege of reserving the right to
buy—that is, to call in—its bonds at par.
We have never argued that Mr. Wood’s lower-rate
bond could not be placed at par—we only doubted
whether it could be and urged the inexpediency of stak¬
ing refunding upon the success of that particular experi¬
ment.
So, now, we do not say that a hampered 4 per
cent would not sell at par, or even above—we only urge
that it could not do as well as an unconditioned one, and
that a hampered 3£ per cent is even worse. The pro¬
posed 20-40 plan contains the vice of Mr. Wood’s first
plan, to-wit, that it introduces new conditions which
may impair or defeat further refunding.
The question
really at issue now, as before, is whether it is safe to
risk it.
We
for
modifying the position we
have already taken: that the most prudent course will
be to grant the Secretary authority to issue 30-year
bonds
can see no reason
at not over 4
13,757
15,000
47,000
1,064,320 830,328 478,148,810 382,942,550 1,195,372
957,356
,
Deliveries to Feb.
44,151
6,012,000
18,720,000.
1,
1880
Supply to Feb. 1, ’80..
Consumption
same
1,078,3001023,362
time
Surplus Feb. 1, ’80....
484,160,810 401,662,550 1,210,372 1,004,356
949,133 782,530 426,900,810 340,400,000 1,067,252
851,000
129,308j 140,832
153,356
58,260,000
61,262,550
143,120
For the sake of
indicating more clearly the facts con¬
tained in the foregoing statement, we bring down the
above totals of consumption, adding similar returns for
previous years, and also giving for each the average
consumption per week, in 400-pound bales, for the
four months.
Pounds (000’s omitted).
Total
Bales 400 lbs. per week.
Europe,
October 1 to
February 1.
-
Great
Conti¬
Britain.
nent.
Total
Bales 400
Europe.
lbs.
Great
Conti¬
BriVn. nent.
Total
Europe.
1879-80
426,90i 340,400 767,301 1,918,252 60,986 47,277 108,263
1878-79
374,400 309,600 684,000 1,710,000 52,000 43,000 95,000
417,600 317,800 735,400 1,838,500 58,000 44,000 102,000
450,000 345,600 795,600 1,989,000 62,500 48,000 110,500
1877-78
187C-77
These
figures for previous seasons will be more intel¬
ligible, and the comparison they suggest will be more
correctly made, if we repeat the statement of conditions
during those seasons, as given by us two weeks since,
which
was as
follows
:
In the first four months of 1876-77 there was quite a feeling
of exhilaration in manufacturing circles, in part due to a rise in
silver and a consequent improvement in the Eastern exchanges,
but mainly growing out of a belief that war between Russia and
and then leave him to do
of which had weighed on the market through the
permit. The man who has brought Turkey (fears
previous Summer) would be averted. This, too, was in the
refunding thus far may be trusted to continue it. Of midst of the period of greatest consumption ever reached, and
one thing, at least, we may be sure: that the uncertainty proved to be for the time the culminating point.
2. During 1877 each succeeding month more forcibly pointed
in which the subject is kept is not favorable, as far as it towards the
necessity for contraction in spinning, and in the
last quarter the downward course of the cotton-goods industry
goes. The delicacy of public credit has never been
was even more manifest than earlier in the year.
War was
adequately appreciated in Congress.
declared in April by Russia against Turkey. But that was only
per cent
the best the markets
——i
COTTON CONSUMPTION IN EUROPE.
By cable
we have obtained the substance of Messrs.
Ellison & Co.’s February cotton report issued on Tues¬
day, the 10th inst.
weeks since
It will be remembered that
circumstance which helped to develop the growing distrust in
the condition of the trade—a feeling which, as we have said,
increased as the year advanced, and was most marked as it
closed.
3. The whole of 1878 was a succession of disappointments—a
year ever memorable for its work in uncloaking the artificial
nature of the demand, which had so long been kept up after
the speculation and extravagance that gave rise to it was no
a
two
gave an elaborate statement of the results
longer possible. On the 2d of October the failure of the Glas¬
reached in the annual circular of the same firm. We gow Bank was announced, and immediately the makeshifts
have now received that circular by mail and publish it which had served to bolster up an unsound trade were fully
in full
we
disclosed.
Consequently, the last three months of the
year and
subsequent pages. Our cable therefore of the the first month of 1879 covered the period of greatest distress
February report received to-day, read in connection and depression. *
with the annual review, will enable our readers to
One further analysis is necessary to complete the
acquaint themselves fully with the present condition of exhibit of the situation as it is to-day. The first of above
•consumption in Europe, and also to form a reasonable statements gives us the entire movement in Europe for
opinion with regard to the requirements of Great Britain the four months. The second statement furnishes a
and the Continent for the remainder of the season.
comparison with the three previous years, not only of
Turning, then, to the annual circular, we find that the these totals, but also of the average weekly consumption
explanation for the revision of the figures of consump¬ in bales during same period. From the latter (with the
tion was precisely as we gave it through the cable two remarks
following) we are able to see in brief how com¬
weeks since. The words of Mr. Ellison on the point are plete is the
change which has taken place in consump¬
that “ the average weights at the end of November were tion. The
remaining statement we have prepared, is to
“
given as 437 lbs. for Great Britain and 424 lbs. for enable the reader to trace the course of this change so
<c
the Continent, but these figures are now raised to 449 far as it has occurred
during this season, by giving the
€t
lbs. and 435 lbs. respectively,
owing to the American total and weekly consumption in Great Britain and on
“
bales averaging at least 8 lbs. and the
Egyptian 18 the Continent each month since October 1st, which is as
*
ff lbs, heavier than in the previous season, This altera- follows.
on
February
THE CHRONICLE.
14, 1880.]
Consumption
Bales
Pounds.
in
“400 lbs.
Great Britain, October, 4*2 w’ks.
101,220,810
75,200,000
Continent, October, 4 weeks
Total October
188,281,000
,
Bales per
week,
400 lbs.
253,072
188,000
56,238
47,0Q0
470,700
103,238
Great Britain, November, 4 w’ks.
98,880,000
Continent, November, 4*2 weeks.
84,800,000
247,200
212,000
61,800
47,112
183,680,000
459,200
108,912
Total November
but for what
they had failed to do. The debate, which’;
protracted, and gave sufficient opportunity for the
ventilation of Irish sentiment, was
brought to a close on
Tuesday of this week, when the Government was sus¬
was
tained by a vote of ,216 to 66.
with at least the House of
It is thus manifest that
Commons, as at present con¬
stituted, the Home rulers have no chance of effecting the
changes which they wish to see brought about in IrelandOn that point Whig and Tory, Liberal and
Conservative,,
are
very much agreed.
But there are many other vital
questions on which the two great parties are radically op¬
Great Britain, Dec., 4*2 weeks...
113,400,000
283,500
Continent, December, 4*2 weeks.
84,400,000
211,000
63,000
46,889
185,200,000
463,000
109,889
113,400,000
283,500
63,000
posed
96,000,000
240,000
48,000
seen
209,400,000
523,500
111,000
Total December
Great Britain, January, 4^ w’ks
Continent, January, 5 weeks
....
Total
January
„
Great Britain, Oct. to Feb
426,900,810
Continent, Oct. to Feb
340,400,000
155
;
and there can be no doubt, after what we have
heard, during the last few months, that if Lord
and
Beaconsfield does not
come
to
the conclusion
voluntarily
that it is his
duty to advise her Majesty to dissolve Parlia¬
a general
election, the Opposition will lose no
Total October 1 to February 1.
767,300,810
1,918,252
108,263
opportunity in attempting to force him to such a conclusion.
We here see that the improvement which
began in fhe One thing, however, is very evident in all past contests
early summer of 1879, has been pretty constant since of strength : the majority in both Lords and Commons has
this season opened, Great Britain having reached
during been with the Administration. It remains to be seen,
the last month 63,000 bales weekly and the Continent
therefore, whether any new attack on the Government—
48,000 bales, of 4 00 lbs each. Turning to the annual on its
management of foreign affairs, on its annexation
circular we find that the Continent consumed last
year schemes, or on its financial policy—will diminish that ma¬
1,082,112,510 lbs or an average of 52,300 bales of 400 jority or convert it into a
minority.
lbs each per week, as we gave it by cable two weeks
But assuming there will be no change in the
strength of
since. At present the rate appears to be
only 48,000 parties in the present Parliament, a new election cannot
bales; but as the foregoing comparison shows that for much longer be deferred. What will in that event be thethe coresponding period last year it was
only 43,000 result is a question that concerns even us. Of course, our'
bales, while the whole year averaged over 52,300 bales, means for
judging are limited, and yet it seems quite cer¬
and as it is a further fact (also referred to
by Mr. Ellison tain that although the liberal leaders are becoming more
in his circular) that the Continental
consumption in and more impatient, and although Mr. Gladstone’s famous
Winter is always smaller than in Summer, there seems to
tour to the north, at the close of last year, called forth a
be no warrant at present for estimating the
year’s aver¬ powerful demonstration of liberal sentiment—a sentiment
age below last year’s.
Consequently, for the whole of which is almost universal in Scotland, and which is
scarcely
Europe an average of less than 115,000 bales of 400 less strong in some of the northern counties of
England—it
lbs. each cannot be expected, unless there should be a
is still doubtful whether, in the event of a dissolution, that
European war or something else to check the renewed is, supposing he could
go to the country with his plans
demand for goods. In fact, so wonderful has been the
completed, Lord Beaconsfield would not be sustained by
growth in consumption which these figures indicate to be the votes of the
people. The recent Tory triumph in Liv¬
in progress, under circumstances
very many of which erpool, when Mr.
Whitby polled over two thousand votes
have been peculiarly unfavorable, that it seems unwise to
more than the liberal candidate, Lord
Ramsay, heir of the
put even that limit on the possibilities of the future.
famous house of Dalhousie, shows that there is
1,067,252
851,000
60,986
47,277
ment and order
yet a power¬
intelligent section of the British people who do not
think that the policy of the present Government is ruinous
ful and
BRITISH POLITICS AND HOME RULE.
On
Thursday of last week the seventh session of the either to the interests or to the honor of their
country.
present Parliament of Great Britain and Ireland was for¬ Much, of course, depends upon the
shape which affairs
mally opened by the address from the throne. The open¬ shall have taken when the election shall take place. If the
ing of Parliament was this year more than usually inter¬ Tories shall be able to take glory from the treaty of Ber¬
esting, partly because of the so-called Irish famine, x;partly lin, from the establishment of a more scientific boundary
because of the troubled condition of
foreign politics, and in northern India, from the creation of a new Australia in
partly because of. the hostile attitude assumed by each of Southern Africa, as well as from other lesser
triumphs, it
the two great rival political parties.
Not a little of the will be difficult for the Liberals, even with Gladstone at
interest which attached to the occasion
was due also to the
fact that the present is the longest-lived Parliament which
Great Britain has seen in some generations.
The
address, as was to be expected, referred chiefly
in the outset to the results of the Berlin
treaty, to
their
head, to beat them at the ballot box.
If, however,
Lord Beaconsfield is forced to submit to the arbitration of
the people, before the work in which he is now involved is
and satisfactorily completed, his chances of success will be
the greatly diminished.
watchfulness which was yet necessary to make that
One great source of weakness of the Liberals is the want
treaty
a
complete success, to the affairs of Afghanistan and of unity. Mr. Gladstone, when in Scotland, roused the
of South Africa.
Ireland and other home questions were
people into a very tempest of enthusiasm; and much of
not overlooked.
It was a noticeable feature of the
that
pro¬
enthusiasm, we believe, still continues. But Mr.
ceedings that the leaders of the liberal party, although Gladstone has not the confidence of some of the strongest
they expressed their minds freely on some of the questions men in his own party; and his known thoroughness, almost
raised by the address, did not make any direct movement
imperiousness, makes him an object of dread, not only to
which might have the effect of
obstructing business or of all conservative voters, but even to the more cautious men
changing the policy of the Government. An amendment among the Liberals. Mr. Gladstone has declared himself
to the address, however,
was proposed by the Home in favor of sweeping reforms.
He has not spoken in favor
rulers; and an attempt was made to blame the Ministry not of Home Rule; but it is not improbable that he would
for what they were
doing or for what they proposed to do, endeavor to introduce such changes into the electoral sys-
156
THE CHRONICLE.
tem that Home Rule
might, at
some
future time, be
information
more
scheme, which would take in the colonies as well as the
mother countries, is one of the most
unpopular questions
Lord
be raised either in
England or Scotland. It was
Ramsay’s avowed willingness to grant Home Rule to
Ireland which divided the Liberals and caused his defeat
at
Liverpool.
It is this
delicate, conservative senti¬
against the Liberals when they
come before the
country and the people, if they have not
formerly come ' to an understanding among themselves.
Mr. Gladstone must be allowed to take the
place which
nature seems to have
assigned him. The other leaders
must give up their paltry differences and
rally around their
chief.
Lowe must become as
loyal and devoted as Bright
or
Forster, or he must stand aside. Thus united, and
going before the country with a clearly-defined, progres¬
sive, but non-revolutionary policy, they may hope to make
2.
good fight. Disunited and with a doubtful policy, they
will have a poor chance against the
skill, the foresight and
the unity of the Conservatives.
For some months to come
British politics will command the attention of the world.
the
companies, and give these reports
they may be worth. On several occasions last year
the Erie earnings were reported in the
newspapers some time
prior to the issue of the regular monthly reports of the com¬
pany, and in every instance it was found that such reports
were
grossly inaccurate. The New York Central & Hudson has
made a report of gross warnings for the first four months
of
the fiscal year, October 1 to
January 31, and the total is
$11,140,250 against $9,600,599 in the same period of last year.
Since this company has begun to
report its earnings, hope may
be entertained that the most obdurate may
yet be induced to
make a similar concession to their stockholders and the
public.
Subjoined is a statement of the earnings and expenses of the
Little Rock & Fort Smith
Railway for the month of January,
easily brought about. At the present time Home Rule,
spoken of in connection with some grand federation
can
from
for what
unless
which
[Vol. XXX.
same
ment which will be found
1879 and 1880:
Earning?.
January, 1880
January, 1879
Increase
$24,S38
GROSS
EARNINGS, EXPENSES
earnings of
road, leading off
now with the
large increase of $209,250 over January of 1879.
The Southwestern group of roads are still
among the most
prominent for their large improvement—St. Louis & Iron
Mountain showing an increase of
$21*8,586; St. Louis & San
Francisco $116,297 ; and Missouri Kansas & Texas an
increase
of |172,874.
Gross earnings
Oper’gexp. (incl. extr’y)..
Net earnings
Burl. Cedar Rap.&Nortli’n—
Gross earnings
Expenses...
$
473,500
184,316
22,821
Atch.TopekaA Santa Fe.
Burl. Cedar Rap. & No..
Cairo & St. Louis
Central Pacific
1,223,000
Chicago <& Alton
Chicago <fc East. Illinois.
Chic. Milw. & St. Paul..
Chicago & Northwest..
.
Chic. St. P. &
Miuneap..
Chicago & West Mich*..
Clcv. Mt. Vernon & Del..
Detroit Lans. & North.*
Flint & Pere Marquette.
Grand Trunk of Canada!
Great West’n of Canada}:
Hannibal & St. Joseph..
lUinois Central (Ill. line).
Do (Iowa leased lines)
Indiana Bloom. & West.
Internat’l & Gt. North..
Kan. City F. S. & Gulf*.
Kan. City Law. & So.*..
Kan. City St. Jo. & C. B.*
Little Rock & Ft. Smith.
Louisville & Nashville..
Minneapolis <fc St. Louis*
Missouri Kansas & Tex..
Motile & Ohio
N. Y. Cent. & Hudson...
Northern Pacific
Ogden. & L. Champlain.
Paducah & Elizabethan*
Paducah & Memphis*...
St. L. A, &T.H. mainline.
Do
do
(branches)
St. L. Iron Mt.&South’ll.
St. Louis & S. Francisco.
St.Paul* Sioux City,&c.
Toledo Peoria & Warsaw
Wabash 8t.Loui3 & Pac..
Wisconsin Valley
314,732
117,362
17,263
1,089,166
502,285
72,466
763,000
1,135,000
83,537
36,603
33,868
591,175
1,008,321
73,870
50,792
109,992
37,208
730,066
*
1879.
$
351,245
169,380
417,236
119,421
80,498
158,659
59,943
23,257
70,238
49,856
647,671
28,549
367,327
246,501
2,593,613
81,843
30,201
24,652
12,641
96,519
51,270
552,615
195,696
98,659
93,306
* 780,447
19,671
343,737
68,167
25,623
28.427
$
158,768
'
14,106
64,332
25,018
450,476
17,361
194,453
194,486
2,024,812
Net earnings
Frankfort & KokomoGross earnings
Operating
2,436
3,159
25,017
9,151
5,906
24,838
197,195
11,188
37,014
18,069
16,112
9,727
59,757
48,445
334,029
79,399
78,928
94,907
571,197
12,132
8,540
2,917
36,762
2,825
218,586
116,297
19,731
9,645
10,026
12,842,163
$169,276,
the first
Lake
Shore
three weeks of the
an
increase
month, but
45,936
550,142
450,025
2,160,926
1,909,518
24,898
37,779
26,089
24,182
11,690
664,689
1,244,829
..‘
<..
179,161
119,933
137,769
115,521
1,936,537
1,497,347
1,908,235
1,586,335
59,228
22,248
439,220
321,900
9,913
9,439
19,060
8,493
479
10,567
3,406
1,611
3,747
1,758
40,896
18,266
38,397
20,724
1,795
1,989
22,630
17,673
382,230
380,477
163,540
168.032
3,205,685
1,773,771
2,920,997
1,752,039
218,690
...;
1,626,239
975,990
94,134
105,118
597,396
650,249
*630,000
*330,000
505,843
260,566
5,955,575
3,412,192
3,189,884
*300,000
245,277
2,543,383
2,165,216
82,580
88,648
42,320
703,407
33,500
475,866
679,260
424,101
40,260
55,148
227,541
255,159
185,653
110,059
149,552
1,800,877
1,631,682
1,056,447
earnings
expenses.*
83,92<y 1,129,395
5,355,100
Net
earnings
75,594
65,632
671,482 ‘ 575,235
Pennsylvania (all lines east Qf Pittsburg & Erie)—
Gross earnings
3,453,925 2,605,296 34,620,279 31,636,734
Operating expenses
1,941,870 1,673,361 20,382,739 18,468,993
1,512,055
expenses.......
304,056
187,588
225,303
154,738
3,091,808
2,130,258
2,921,061
2,044,949
116,468
70,570
961,550
876,112
655,413
468,195
241,725
5,292,611
2,992,056
4,514,321
210,325
exp.
931,935 14,237,540 13,167,741
2,568,365
Net earnings
445,088
226,470 2,300,555 1,945,956
The following November figures have but
recently come to hand.
November.
,—July 1 to Nov. 30.-s
1879.
18 78.
1879.
1878.
Grand Trunk of Canada—
£
£
£
&
Gross earnings
174,088
165,530
815,446
785.429
Working expenses
122,671
123,460
592,769
590,705
*
v
~Net earnings
65,851
Great Western of Canada—
Gross earnings
Working expenses
Net earnings.
we
80,069
„
1,601
of
1,527,667
3,077,642
/
reported in some of the newspapers that Union
earnings showed an increase in January of
and
984,807
117,755
Operat’g and extra’y
209.250
10,127,0712,780:943
2,715,092
1,534,949
124,134
.
Net earnings
St. Louis Iron Mt. & Sout’n—
Gross earnings
52,015
124,676
78,740
1,168,958
Operating
568,801
44,829
^96,135
1,775,861
1,173,465
Net earnings
Philadelphia & ErieGross earnings
172,874
176,204
'222,873
Net earnings
Nashv. Chatt. & St. LouisGross earnings
Operating exp., incl. taxes
5S,655
525,805
1,431,914
Expenses
15,120
762,876
212,445
5,441
32,333
44,795
International & Great North.—
Gross earnings
218,268
Net earnings
.'
Mobile & MontgomeryGross earnings
Three weeks only of January in each
year,
t For the four weeks ended
January 31.
J For the four weeks ended January 30.
Pacific
...
Net earnings
Houston & Texas Central—
Gross earnings
Operating exp. and taxes..
Operating
*
is
expenses
51,417
$375,000
can get
Gross earnings....
Net
in
no
$
*
earnings....
Estimated.
$
379,500
228,800
301,000
212,700
150,700
88,300
Chicago Burlington & Quincy—
Operating expenses
42,070
November
1879.
1878.
/
Total
Net increase
It
expenses
Operating expenses
4,299
40,745
45,147
105,547
,
Net earnings
Dakota SouthernGross earnings*
Gross
13.584
32,581
1,718,456
1,192,651
<
Net earnings
Louisville & Nashville-
371,825
126,679
9,667
10,980
1,749,614
986,738
49,080
Net earnings
Expenses
66,954
5,558
133,834
158,548
77.411
689,321
306,098
137,047
475,891
104,301
82,934
161,818
34,926
$
98,445
1,417,091
Chesapeake & Ohio—
Gross earnings
1878.
$
$
143,210
743,835
Operating expenses
Operating
1879.
$
t
$
203,329
97,782
expenses & taxes
Net earnings
Increase. Decrease.
,—Jan. 1 to Dec. 31.—,
earnings
Net earnings
Carolina CentralGross earnings
GROSS EARNINGS IN JANUARY.
1880.
$22,501
AND NET EARNINGS.
.
monthly earnings
mates 27 per cent. For the first time, wre have the
the consolidated Wabash St. Louis & Pacific
$2,337
December.
1879.
1878.
Atlantic Miss. & Oliio—
Operat’g
always increases when the business of the roads shows a condi¬
tion of prosperity. The roads
showing any decrease in their
earnings last month are very few, and the percentage of increase
in the total earnings over the total for
January, 1879, approxi¬
8,613
gives the gross earnings, operating
expenses and net earnings for the month of December,
and
from January 1 to December 31, of all such
railroad companies
as will furnish
monthly exhibits for publication:
Gross
the number of roads included, that has ever, been
published
in the Chronicle.
This fact is in itself
s:gnificant, as
the number of companies
reporting their
$31,114
16,405
The statement below
RAILROAD EARNINGS IN JANUARY.
January is the largest, in
Net Earn’gs.
$13,742
25,018
Net earnings
Burl. & Mo. River in Neb.—
The table of railroad earnings for
Expenses.
$18,856
222,677
v
194,724
/—Jan. 1 to Nov. 30—s
1879.
1878.
$
$
1,327,680 1,296,082 13,341,548 13,042,978
608,953 ’ 642,350 6,689,781 6,971,979
718,727
653,732
6,651,767
6,070,999
February 14,
THE
it80.]
CHRONICLE.
2
7
8
1
3
59781
ELLISON & C0:s ANNUAL REVIEW OF THE
COTTON TRADE FOR 1870.
[CONDUCTED
ELLISON.]
BY THOMAS
Eighteen hundred and seventy-nine witnessed the culmination
of an unusually protracted period of depression in every branch
of trade everywhere. The depression was due in part to an
inevitable reaction from previous extravagance, inflation and
over-trading, whereby the world was gorged with manufactures at high prices ; and in part to the diminished
purchasingpower of the masses in Europe, India and China, resulting
c
from
a
increased from 31,513,000 in 1871 to 34,000,000 in 1879.
On the
basis of these estimates the distribution of the
quantity left for
consumption and stock during the past 4nine years was as
follows:
Estimated
Years.
Left for Sur
Consumpti’n. plus Stock.
Pounds.
Pounds.
1871...:.
204.800
41,700
1874.....
199,000
200.800
194,000
14,000
36.600
73,200
102,600
196,500
succession of famines and deficient harvests.
195.800
178.900
168.900
169.800
The year
opened hopefully, but no improvement of moment took place
until towards the Autumn, and no sustained increase of busi¬
ness was witnessed until near
th$ close. But in October com¬
menced
157
Total
ahd^Export.
'Pounds.
1,095,400
1.134.400
1,128,800
1.147.400
1,138,200
1,172,500
1,181,000
1,155,000
1,154,700
118,200
102,200
43.600
1,708,500
10,307,400
revival, which became Inore pronounced in November
We assume that there was no surplus stock of
goods at the
and December, and gradually made itself felt in first one and
commencement of 1871, and that the
subsequent
accumulations
then another of the leading industrial centres of the
were cleared out by the
country.
end of 1879; in short, that the stock
As respects the cotton industry, the course of trade was
quite at the close of 1879 was about the same as at the end of 1870.
as unsatisfactory
during the greater part of 1879 as it had been The greatest accumulation was at the close of
1876, at which
throughout 1878, and it is certain that if a change for the better date the surplus stocks represented five to six weeks’
produc¬
had not taken place before the close of the
year, half the spin¬ tion.
ners and manufacturers of Lancashire would
have been ruined.
In estimating the value of the total
quantity of cotton prod¬
The profits made during the last two or three months
prevented ucts delivered each year for export and consumption, we have
this wholesale bankruptcy; but, except in a
comparatively few taken the value of the exports, as given by the Board of Trade,
instances, in which consumers made large purchases ^>f the raw and we have
adopted the usual assumption that the goods
material at low prices, the net result of the year’s business is a
consumed at home are one-third more valuable
per pound than
further increase in the adverse balances which existed at the
the goods exported. In this way we get the values of the total
close of 1878. This is fully demonstrated in the calculation
deliveries, as follows:
which we give below under the head of “ Profits and
Losses,
a
1871-79.”
The
following table shows that small
as was
between the
price of raw cotton and the value
goods in 1878, it was still smaller in 1879.
Years.
the
margin
of yams and
‘-
Ave.
prices
per
lb.
1879 compared with
s
1877. 1878.
Cotton—
d.
Middling uplands
Fair Dhollerah
Yarn, Lest seconds—
30’s Water Twist
40’s Mule Twist
Cloth, per lb.—
Printers’, 4*4 lbs
“
5% lbs
Shirtings, 7 lbs
“
8*4 lbs
Average prices—
6»i6
53is
d.
65ie
5
10%
9®i e
9%
101316
9*2
1878.
11*2
d.
11*8
10*2
d.
310
9916 he
10%
1877.
*16 higher. No change.
he
“
s16 lower.
11916 101316 10*2
Margin between—
Uplands
and Twist
“
%
*4
“
“
lower.
“
“
10716 10316
9*2
9716
*16 higher.
9*16
9H1fi *8
10yi6 10516 *4 lower.
1*4
1
Consumption.
£
1871...
1872....
1873
1874
1875
1876
1877
1878
1879
The cost of the
Value
Total
Deliveries
£
72,821
80,164
77,363
74,247
71,772
67,641
69,228
65,909
63,946
*
22,391
23,026
22,774
20,774
20,747
18,862
17,248
15,862
15,345
£
95,212
103,190
100,137
95,021
92,519
86,503
86,476
81,771
79,291
cotton
required to produce the goods so
following table, along with the amount
and the balance
left for other expenses, &c.
±
paid for
wages,
raw
:
“
“
“
4
Balance for other
“
Paid for
Cotton.
Years.
lhe
Exported.
>
delivered is given in the
78
lhe
11*16
15ie
Value of
Home
“
Expenses, Ac.
Paid for
Wages.
Per lb. of
Total.
1*8
:
*
goods,&c.,
delivered.
4716
Cloth
Profits
d.
6*8
4*bi6
30’s and 40’s Twist
10%
Printers’ and Shirtings.... H716
“
1879
Value of Goods
and Yarn8
5*8
37ig
4 hr>
338
4
*16 less.
he “
1*16 less.
1*8
“
Losses, 1871 to 1879.
following statement we give the weight of yarns and
goods produced, the weight exported, and the weight left for
home consumption and stock. In
reducing cotton to yarn, we
and
In the
have assumed that of the 10 per cent in American
and
long
£
£
£
1871
1872
39,297
49,251
1873
1874
1875
1876
1877
44,587
25,102
25,996
25,868
26,292
26,083
30,813
27,943
29,682
30,053
30,583
27,293
26,591
24,527
v
€.878
1879
38,676'
35,853
32,341
32,821
32,099
32,042
26,869
27,064
25,145
23,155
24,094
d.
6-75
5*91
6*35
6*28
6*04
5*58
5 40
509
500
staples, and 18 per cent in East Indian, usually put down as
According to the Census for 1871, the number of hands
loss by the first spinners, one-half consists of waste
which is employed in the cotton industry in all its branches was about
used in coarse counts by other spinners. We have also
made an 660,000. The average rate of wages was about 15s. per week,
extra allowance of 2% to 3 per cent for the inferior
American or £39 per annum. This, on the weight of cotton used, was
erops of 1873, 1876 and 1878. The goods exported are reduced equal to 5%d.
per lb. We have calculated the wages for each
to weight in accordance with estimates
recently obtained from year on this basis, except that we have deducted 5 per cent for
the leading shipping houses and cloth
1878 and 12^6 per cent for 1879. The total reduction in 1879
agents:
reached 15 per cent, but it was only in actual force part of the
Yarns & Goods Yarns & Goods Left for Home
Years.
Consumption
Produced.
year. The “balance left for other expenses, &c.,” includes
Exported.
and Stock.
Pounds. "
Pounds.
every outlay except wages, such as rent, taxes, gas, coal, oils,
.Pounds.
1871
dyes,
repairs, &c. It also includes interest of capital and
1.137.100
890,600
246,500
1872
1.106.700
935.400
171.300
profits.
‘
1873
1874
1875
1876
1877
1878
1879
...*
1..........
Total
1,151,400
1.192.700
1,158,900
1.188.100
1.170.100
1,091,300
1.111.100
928,000
953.400
941.700
976.700
1,002,100
986,100
984,900
10,307,400
8,598,900
223.400
239.300
217.200
The last column of all shows how much the “ balance left for
other expenses” is per lb. of the weight of goods, &c., delivered.
211.400
168,000
1871
105.200
126.200
reverse.
1,708,500
The
year of exceptional prosperity; 1872 was
In our annual report we stated
was a
exactly the
that—“Altogether
the year has been the most unsatisfactory since 1869,
during
which some scores of failures occurred in the
manufacturing
quantity taken for home consumption in 1871 was unus¬ districts; but the profits realized in 1871 saved Lancashire from
ually large, owing partly to the reduced state of stocks every¬ bankruptcy during the pa3t twelve months/’ The
years 1873,
where and partly to the increased demand for
cotton fabrics 1874 and 1875 were years of moderate profits.
The
high priee
occasioned by the
extraordinary advance which took place in of coal in 1873 was an exceptional source of loss to the mill-,
the price of woolen
goods, the raw material of which rose about
50 per cent in. value in that
year compared with 1870. We
have estimated the real
consumption in 1871 at 6/6 lbs. per
head of population, at 6M lbs. in 1872 and
owners,
and the result of the year’s business was less favorable
in our figures. In 1876 commenced the disas¬
than appears
trous
course
of trade which culminated in 1879.
The balance left for all interest, profits, and all expenses
1873, at about
6 lbs. in 1874,1875 and
1876, at 5^6 lbs. in 1877, and at 5 other than the payments for cotton and
wages, fell from 6‘75d.
bs. in 1878 and 1879.
During the nine years the population in 1871 to 5d. per ib. in 1879. The first five years of the
158
THE CHRONICLE.
[vox. XXX.
-period included one good year, one (bad year, and three years by a readvance of 3-16d.; middling being at 7 l-16d. on July
7.
of fair profits. The average for the five years was 6*26d. per
During the interval between May 20 and July 7, the market
lb. Assuming this to represent a fair remuneration per lb. of had been more or less
adversely affected by rumored impend,
products delivered, the annual losses of spinners and manufac¬ ing financial difficulties in Manchester, and by the fear of com¬
turers were as follows, in 1876, 1877, 1878 and 1879:'
plications arising out of unauthorized speculative transactions
entered into by the resident partner of a
large Continental
Due for other
Weight of
Years.
1876
1877
Products
Delivered.
Pounds.
Exp’ses than
Wages & Cot¬
ton at 6-26d.
per lb.
Amount
Actually,
Received.
1,172,500,000 £30,582,000 £27,293,000
1,181,000,000 30,804,000
26,591,000
1,155,000,000 30,126,000
24,529^000
1,154,700,000 30,118,000
24,094,000
house.
Amount
of Loss.
Aside from these
£3,289,000
4,213,000
5,599,000
6,024,000
circumstances, however, faith in a further
beginning to waver, so much so that a reactionary
£
advance
was
movement in New York and
»
an
extensive resort to “short-time”
in the
manufacturing districts led to a complete change of
July 7 and August 6—ending in a decline, dur¬
ing the month, of 13-16d. on the spot, nearly Id. for Autumn
Showing a total loss in four years of
£19,125,000
delivery and about %d. for new crops, the latter selling at
That this is a fair estimate of the losses sustained
by spinners 5 13-16d. People began to “ read up” the course of the market
.and manufacturers is confirmed by the facts declared in the last
year, and 5/£d. per lb. was put forth as a figure which
1878
1879
..L
balance-sheets of the Oldham Companies at the end of 1879.
Fifty-five companies showed on balance a loss of £155,830 and
.-seven a profit of £4,713, or a net loss of
£151,017. Of this,
about £100,000 represents the loss in 1879, the balance
being^
lost chiefly in 1878.
The paid-up capital of these mills\
amounted to £2,183,000. Dividends were declared in a few
instances, but they were altogether unimportant, and practi¬
cally there was a loss of dividend as well as the loss of £100,000
of capital. At five per cent the dividend on
£2,183,000 would
have amounted to £109,150—raising
the total loss in round
numbers to about £210,000. The fifty-five mills enumerated
contained 2,888,000 spindles. In the same ratio the total loss
on the 40,000,000
spindles in Great Britain would be £2,908,000.
It is well known that the loss in
tion greater than the loss in
manufacturing was in propor¬
spinning ; but supposing it to be
the same, weight for weight, it
would amount to £2,327,000
( one-fifth of the yam produced being exported in an unmanu¬
factured state). This would
bring the aggregate loss up to
£5,235,008 for 1879, against our estimate of £6,024,000.
The loss to labor, owing to reductions in the rate of
wages,
was £1,323,000 in 1878 and
£3,307,000 in 1879, or a total of
£4,630,000, so that the total loss to capital and labor in four
years was nearly twenty-four millions sterling, which estimate,
we may observe, is based
only on the amount of work done, and
takes no account of the loss to capital
and labor occasioned by
the enforced idleness arising out of
“short-time,” “strikes”
.and reduced production. Nor does it take
any account of the
enormous losses entailed
by the forced sale of mills and mill
shares during the period of depression, much
property of this
kind having changed hands at one-third to one-half of its value
in prosperous times.
•
The Course
The market
Prices.
opened firmly in January at %d. to %d. advance
upon the most depressed prices touched in December,
middling
upland selling at 5 7-16d. on January 6, ag'ainst 4%d. on
December 13. There was a disposition to take a more
hopeftil
view of the prospects for the new
year, and this feeling was
strengthened by the termination of the strike which had been
going on in Oldham since November. But there was no sym¬
pathetic response from Manchester, and, spite of the strong
statistical position of the article, prices underwent no
improve¬
ment during the first two months of the
year; middling being
still at 5 5-16d. on March 8. America,
however, had made a
.stand against any further decline, and
New York speculators
-showed their confidence in the future
by sending over large
-orders to buy on this side. This demand was
freely met by
sellers here, who viewed the American movement
as
merely
speculative, artificial and temporary; but eventually the
“bulls” took courage, the “bears” took
fright, and Manches¬
ter waked up. The result was an enormous business
on specu¬
lation, a large business for consumption, and an advance
(between May 8 and May 20) of 2d. in all positions,
middling
selling at 7 5-16d. on the spot and 7/£d. for forward delivery.
.So great was the confidence of buyers that
7%d. was paid for
what may be termed new
crop deliveries—October-November.
The market was at times
greatly excited, especially on the last
day of the advance:—May 20. The succeeding day brought
reflection, and a reaction set in, which ended in a decline of
%d. in three days. This was partially recovered in the course
of the next week, but was
nearly all lost again by the end of
the month. June opened
firmly (after the Whitsuntide holi-1
days). Spinners bought freely, encouraging telegrams were at
hand from New York, an extensive business wras
done, and
middling rose to 7 %&. on the spot and to 7 9-32d, for delivery in
dhe Autumn. Then came another reaction of
%d., followed
•
•
of
front between
would in all
probability be witnessed before the close of the
But a fall of over Id. per lb. from the rates touched in
May attracted the attention of buyers in Manchester, who con¬
sidered that purchases made on the basis of 6%d. for
middling
upland could not do much harm. The result was a recovery of
year.
9-16d. per lb. for spot cotton and %&. for new crops, between
the 6th and 8th of August. There was a further rise of
l-16d.
week, and the anticipation
expectations of still higher
prices. But the advance checked business in Manchester, and
the confidence of operators was weakened by lower
prices from
New York, by predicted very large and
early receipts at the
American ports, and by the spread of “strikes” and “short-time”
in the manufacturing districts; the upshot of which was a decline
of 7-16d. on the spot, and about the same in new
crops, between
the 9 th and 23rd September, spot touching 6 7-16d. and new
crops once more 5 13-16d. The last week of the month wit¬
nessed an advance of %d. to %d. on the spot,
owing to the
demand to fill September contracts, but new
crops gained
only Ysd.
The so-called September “ corner ”
being over, spot prices
sunk to 6/4d. and new crops to 5%d.
during the first week of
October. Once more there were visions of 5/£d.
looming in the
future. There was no reason for expecting this figure,
except
that it had been witnessed last year, and so
deeply had last
year’s exceptional depression ground itself into the public mind
that it was impossible to get more than a few people to believe
in the possibility of an advance.
The short supply for the
remainder of the year, the symptoms of reviving trade in Man¬
chester, and the prospect of an increase in the rate of consump¬
tion commensurate with augmented supplies of coitton, all went
for nothing. “ Bearing” the market had been so successful for
several years past that it had become almost an axiom that one
of the ways to wealth was to sell cotton “ short.” Hence it was
that in October was completed the foundation of the most
remarkable coup ever witnessed either in the cotton or
any
the spot during the subsequent
of a “ (£>rner” in September led to
on
other market.
Full of confidence in
tracts for October
spot price.
delivery
were
decline in
prices, con¬
freely sold at much below the
a
The idea that the “ bears” could be “ cornered”
regarded as ridiculous. Such a thing, it was said, might
be possible in New York; but it was out of the question in a
large market like Liverpool, particularly as there was practi¬
cally only one operator for the “corner.” But towards the
middle of the month the “ bears” began to lose faith in their
previously-expressed opinions. They left off ridiculing the
“comer” and its originator and wisely commenced to cover
their contracts. The result was at first a gradual and then a
rapid advance in prices, from 6%d. on the 4th to 6 ll-16d. on
the 20th, to 7d. on the 22d, to 7%d. on the 27th, and to
7%d. on the 31st. The excitement on the 31st was intense, and
prices fluctuated every few minutes. It had transpired that
numerous settlements had been made
during the previous day
or two.
This caused the price to run down from 7 13-32d. to
7%d. at the opening, but there was a prompt reaction, and
between half-past eleven and twelve o’clock the price ran up as
follows: 7%d., 7 5-16d., 7 ll-32d., 7 7-16d., 7 9-16d., and 7%d.
The intensity of the squeeze almost put a stop to business on
the spot during the last two or three days of the month, the
sales on the 30th and 31st being only 4,000 bales each, while
out of the 8,000 sold only 1,700 were taken by spinners.
But
though consumers bought very little for prompt delivery, they
purchased freely for delivery on and after the 1st November
at prices %d. to %d. below the artificial figure created by the
October “ corner.”
The basis upon which the business was
to be resumed was fixed, therefore, before the month had
was
THE CHRONICLE.
14, 1380. |
February
159
distant” deliveries, contains the prices at which what
the 1st November the official quotations for
may beAmerican were reduced %d. to 7-16d., at vyhich reduction a termed new crop deliveries were
selling, beginning with Octoberlarge business was done. There was a further reduction of %d. November delivery (which is virtually November
only), and
on the 3d and again of %d. on the 4th,
middling being quoted ending with ^ecember-January delivery. The important dis¬
6 ll-16d. on the last-named day, against 7%d. on the 31st Octo¬ count at which these contracts were
offered greatly retarded
expired, and
“
on
ber. The prevalent views as to the probable course of prices in
the future were indicated by sales of November deliveries at
6 7-16d. and December to February at 6%d., many looking
for 6d. in December. In view of this general impression, it was
operations in Manchester, inasmuch as merchants, in view of
expected low rates, postponed business as much as possible.
This at once facilitated and necessitated the
adoption of “shorttime” in the manufacturing districts, and prevented the
realiza¬
thought that the demand from the trade would be circumscribed tion of the extreme high prices which at one time (when
7%d.
until prices gave way; but spinners had used up every bale of was
paid for August to October delivery) it was thought would,
surplus stock (those who could having sent cotton to Liverpool be witnessed before the close of the season.'
to secure the premium on October deliveries).
The advance on the year in spot quotations was 1 5-16d. to
They were
obliged, therefore, to buy, and to buy freely, so that prices, l%d. in American, 9-16d. to 1 3-16d. in Brazils, l%d. to l%d. in
instead of continuing to give way, rapidly recovered, and Surats and
%d. in Bengal. Brown Egyptians, owing to their
continued to gain ground until the 9th of December, on which
exceptional scarcity and dearness at the opening of the year,
day middling was quoted 734d. but was actually worth 7 3-16d. gave way %d. to %d., but white closed with but little
change
Meanwhile, under the influence of a gigantic speculative wave from the opening.
from New York, and an unusually large business in Manchester
Average Value per Pound of Imports, etc.
for immediate and forward delivery, public opinion had under¬
The average value per lb. of raw cotton
imported, exported
gone such a complete revolution that distant cotton, instead of
consumed, &c., we estimate as follows:
being at a discount, as it was as late as the middle of November,
was now at a premium; 7/£d.
being paid for June-July and
1879. 1878. 1877. 1876. 1875. 1874. 1873. 1872. 1871.
7 9-16d. for July-August delivery.
But Manchester rebelled
d.
d.
d.
d.
d.
d.
d.
d.
d.
against these extreme prices.
Buyers of yarns and cloth Import
614
618
6*16 614
7ifl
8
71*6
85s
9516
refused to follow the rise which the advance in the
raw
material
compelled producers to ask; and as they had already bought
liberally for forward delivery, they were in a position to hold
aloof. Simultaneous with the stand made
by Manchester came
a sharp reaction from New York.
The result was that between
December 9 and 16 prices gave way 7-16d. on the spot and /£d.
for futures. Upon this new basis the demand
again improved,
and early on the 17th there was an advance of 3-16d.,
owing in
a great measure to the
receipt of strong advices from New York;
but the day closed quiet at l-16d. reaction, and another l-l#6d.
the
Export
Consumption
53*
65*6
511*6 51310 514
6i0
6516 63*0
578
6
.
718
7
8 s4
758
77r
7
913*6
8ie
Imports, Deliveries, etc., for Great Britain.
Import.—The import into Great Britain in 1879, compared
with 1878, showed an increase of 194,820
American, 72,830
Egyptian, 51,330 West Indian, &c., 73,970 East Indian, and a
decrease of 48,980 Brazil and 580 Smyrna, or a net total increase
of 343,890 bales. The whole of this increase (and
more) was
received in the last three months of the year. The
import of
American in October, November and December reached the
was lost on the 18th.
Thence to the 24th the market was unprecedented total of 820,428 bales, leaving only 1,578,129'
mostly quiet, but at times somewhat feverish. Prices fluctuated bales for the first nine months of the year. The enormous
daily l-32d. to l-16d., and on the 19th as much as %d„ but the import in the last three months was due in some measure to the
tendency was upwards, and the net result was an advance of hurrying forward of cotton to meet October contracts—the
3-16d. on the spot and 3-16d. to %d. in futures. The market arrivals in October alone being 194,221 bales,
against only
holidays. 103,020 in
closed from the 24th to the 29 th for the Christmas
On the last-named day it reopened
was
quietly.
Futures lost
l-16d. early in the day, but subsequently
recovered the fall.
The 30th and 31st were both dull
days, and prices
gave way
l-16d. per pound.
The opening, highest,
1878.
Part of the increase was also due to thecircumstance that the figures were made up to December
30,
against December 26 in the previous year.
Export.—The small Continental stocks brought more orders to
Liverpool and London than in 1878. The export, therefore,
lowest, average and closing prices of showed an increase of 120,610 bales.
Stocks in the Ports.—The total stock in the
middling upland on the spot, for the past four years, compare
ports at the end of
1879 was 525,500 bales, including 482,540 bales in
as follows:.
Liverpool,,
against 372,950 bales and 325,050 bales, respectively, or an
1879.
1878.
1877.
1876.
1875.
increase of 157,490 bales for Liverpool and 152,550 bales for the^
United
d.
d.
d.
d.
Kingdom.
d.
:
Opening
5^8
63s
6^8
730
6i516
Stocks
held
by
Spinners.—The stocks held at the mills weHighest
73s
6%
6i5le
Lowest.
55,0
470
Ik
'
estimate
as
5%
63*
follows, compared with 1878:
6® 16
;
Average
•
Closing
The
678
following is"
during
?3b
61&16
account of the principal fluctuations
the year in the leading descriptions of cotton, 32’s
Twist and 8%lb.
shirtings:.
Upls
Spot
Near
d.
Distant.
d.
Jan.
9. o5i0
Feb. 10. 0 16
Mar.
8. 05i6
514
0016
April 4. 6%
May 6. G«i«
May 8. 678
May 20. 75i6
May 24. 61516
June 4. 718
June 19. 678
July 7. 71*0
Aug. 6. 614
Oxl32
6532
7
Pernam.
Fair. Fair. Fair.
d.
Egypt. Dhol.
d.
d.
734
fie
414
52132
61^
!746
6 *3
8
6*2
614
63s
77s
5916
61132
7332 “62<32
’
Brazil.
1879
1878
80,000
73,000
2,000
10,000
Egyptian. W. India.
35,000
18,000
E. India.
2,000
2,000
6,000
7,000
Total.
125,000
110,000
Home
<f.
5?16 5716
American.
an
Deliveries.
1879.
6.
Jan.
6i4
65s
654a
538
7
62532 61°16-611i6 7%
71132 7h -718 714
62732 63l32“6 34 714
718
7932 ~623g2 7%
61316 6I&16—67ie 7ie
63132 7332 -61532 7
618
618 -513ie 678
Auer. 28.
626g2 62532-6316 The
§i316
Sept. 9 678 62732 62332~63X2 7is
Sept. 23. 6716 6-8 6316 -51316 670
Sept. 27. 611*6 6% 63a -51°i6 678
Sept. 30. 61316
6716 -52732 678
Oct.
4.
-53*
613ie
SI16 6il32
*
7ifl
it16
f46
818
8% 512
83* 512
83* 5 5q
83* 512
85s
814
8
r^6
77e
75g
712 5*16
7
C>l8
6% 518
S16
32’s Cop.
Twist.
d.
d.
73*® 8I2
758® 8I2
75b® 8L2
738® 8i8
8*4"2) 83*
9
®
958
9i8® 93*
9 38® 10
914®
914®
9i8®
878®
83s®
978
Shirtings.
8 q lb.
s.
5
5
5
5
5
5
5
6
5
6
5
5
93*
93*
958
9
5
9
® 912 5
9 ® 912 6
8ss® 914 5
8^*® 938 5
83*® 93s 5
35e® 914 5
914® 9% 5
914® 9% 6
912'a)10~ 6
d.
6
6
6
s.
®7
®7
®7
1Lj®7
6
®7
d.
6
6
712
4^
6
10i2®7 IOI2
10i2@7 IOI2
ll2®8 lLj
10i2®7 1012
0
9
6
®8
-®7
®7
0
9
6
4i2®7 4L2
10i2®7 10i2
O
®8
Consumption.—The deliveries to home consumers were
2,722,360 bales, or 40,050 bales more than in 1878. The actual
consumption was 2,707,360 bales, or 25,050 more than in 1878,.
there being an addition of 15,000 bales in the stocks at the mills.
Average Weights —The average weight of last season’s cropof American was 443 lbs. per bale; but this season the
average
is at least 8 lbs. per bale heavier. This for the twelve monthsended December 31 would give an average of 446 lbs. for the
year. The average weights of all kinds in 1879 compare as
follows with those of the previous year:
U. S.
Brazil.
Egypt.
629
611
1879....
446
181
1878....
450
178
Smyr¬
na.
•
0
10is®7 1012
10is®7 IOI2
10i2®7 IOI2
At the rate of 387 lbs. per
380
380
Madr’s
& B’gal
W. I.
Surat.
160
170
387
310
431-5
390
300
4330
Total.
bale for Surats and 310 lbs. for
Bengal and Madras, the average weight of East India imported
9 ®7 9
Oct. 31. 73s
in
758
7
1879 was 354 lbs., against 364 lbs. in 1878. The average
6L2
7
10L2®7 101^
Nov.
4. 61116 6I4
7
612
7
0 ®7 10i2
Nov. 14. 615*6
weight of East India cotton exported in 1879 was 338 lbs. per
678
7*8
7is ik
O ®8 O
Dec..
1. 63*
s718
63132
714 51*
6 3 ®8 3
93*®10i4
bale, and not 359—as given in the Association Circular. The
Dec.
9.
7916
7316 714 0**6 10 ®10is 6 3 ®8 6
Dec. 16. ll16
63*
average
weight of East India consumed was 382 lbs.
ik, 71.32 714
718 59*6 978®103s 6 3 ®8 6
Dec. 24. 61516 629oo
714
7316
7% 59*6 10 ®10l2 6 3 ®8 6
Weight of Imports, Deliveries, Etc.—The following is an
Dec. 31. 678
62732
714
7316
7ie 55s 10 ®10l2 6 0 ®8 3
account of the weight of each description of cotton imported,
As explained-in our
report of October’last, the second column, exported and consumed in 1879, and the
quantities left in the*
introduced on and after the 6th May under the
head of ports at the end of the year:
.
63* 5316
63* 518
160
THE
American
Brazil
Import.
Export.
Lbs.
Lbs.
1,082,656,OSO
66,726,060
552,050
7,000,770
64,600
2,449,600
109,207.900
14,025,690
160,709,500
Egyptian
Turkey, A-C/
Peruvian, W. L, &c
262,200
14,710,400
177,162,850
East Indian
Recapitulation.—The entire
following statement :
Lbs.
16,641,900
120,836,life
235,600
10,320,600
74,708,630
1879.
1,914,980
49,741,320
for the year
Weig’t.
372,950
110,000
3,359,230
421-4
442*5
157,166,120
48,677,000
431*5
1,449,526,720
3,842,180
430-8
1,655,369,840
484,320
525,500
125,000
384-0
447-1
488-4
186,000,980
.234,987,870
61,055,000
1,134,820
424-7
482,043,850
2,707,360
433-3
1,173,325,990
Export in 1879
:
the ports December 31
m
Stock held by spinners December 31.
Total
Home consumption
Consumption
V
The
following is
a
of
Great Britain
Lbs.
2,707,360
2,682,310
3,020,540
3,084,960
3,115,120
Years.
1,173,325,990 1874
1,176,451,070 1873
on
weight.
60,000 per week is 1,800 bales
only 77,870 Surats, Brazil
consumption in November at 60,000 bales of 400 lbs. per week
(Oldham having resumed full time early in the month); the
increased weight of the bales delivered (as
already explained)
brings our estimate up to 61,800 bales per week, or 247,200
bales for the four weeks.
tion
Bales.
Lbs.
3,228,130
3,203,710
3,265,620
3,114,780
2,797,090
1.266.129.250
1,246,149,911)
1.175.345.250
are
1879
1878
1877
1876
average
bale
and sundries. The average
weight of the 570,040 bales was 453
lbs. and the total weight 258,228,120 jibs. We estimated the
comparative statement of the consumption
Bales.
The average weights at the end of November were
given as
437 lbs. for Great Britain and 424 lbs. for the
Continent; but
these figures are now raised to 449 lbs. and 435 lbs.
English spinners held no surplus stock at the end of October.
The deliveries in November and December reached
570,040
bales. These deliveries included
425,810 American of 451 lbs.
and 66,360 Egyptian of 639 lbs., and
of cotton in Great Britain for the
past ten years :
Years.
1878.
Number of bales
771,697
628,180
615,170
505,150
Av’ge weight (lbs.)..
449
436
435
429
Total weight (lbs.)
346,488,810 273,886,480 267,598,950 216,709,350
A difference of 12 lbs.
per
of 400 lbs.
Ten Years.
for
1879.
This alteration affects the estimated
consumption for October
and November to the extent of the increased
Lbs.
Lbs.
Stock
1878.
respectively,
owing to the American bales averaging at least 8 lbs. and the
Egyptian bales 18 lbs. heavier than in the previous season.
is shown
Ave’ge
Bales.
Continent.
..
3,371,200
28,068,160
1,173,325,990 234,987,870
movement
Supply
Great Britain.
Lbs.
950,582,810 151.892,210
in the
Stock in the ports January 1
Stock licld by spinners January 1
Import during the year
[VOL. XXX.
Consumption. St’kDec. 31.
1,449,526,72o! 186.000,980
Total
CHRONICLE.
the
In December the rate of
consump¬
further increased. The most
exaggerated estimates
current as to the increase.
Quite a number of persons
was
put
figure down at 60,000 bales of the current weight (say 450
1,237,373,500 1872
lbs.),
or 67,500 bales of 400 lbs.; but our impression is that
1,274,376,750 1871
1.205.455.250
1875
1,230,388,800 1870
bales of 400 lbs. is quite high enough. The last official
63,000
1,071,769,780
circular of the year was published on the 30th.
In order to give a correct
December,
comparison of the amount of cot¬
ton consumed, we have reduced the bales to the uniform
against the 26th in the previous year. The month of Decem¬
weight
ber, therefore, includes four weeks and a-half, which, at 63,000
of 400 pounds each, as follows :
bales per week, would give a total of
283,500 bales, or
530,700
for
November
and
Total in Bales Average
December.
The
deliveries
Total in Bales Average
Years.
weighed
Years.
of 400 lbs.
per week.
1879
1878
2,933,310
2,941,120
3,094,430
3,185,940
3,075,970
1677
1876
1875
56.410
56.560
59,510
61,270
59,160
of 400 lbs.
1874
1873
1872.
1871..
1870
per
3,165,323
3,115,374
2,938,363
..
258,228,120 lbs., or 645,570 bales of 400 lbs. If from this item
deduct 530,700 consumed, we
get 114,870 bales left as sur¬
plus stock in the hands of spinners, in addition to ordinary
working stock. It is possible that 15,000 bales would be re¬
quired to fill machinery previously empty, in which case the
surplus stock would be about 100,000 bales, which we regard as
a minimum estimate.
The stock may be more, but we do
not^
think it is less than 100,000 bales,
against 69,000 last year. The
surplus stocks in the hands of Continental spinners were used
up at the close of November.
Subsequent investigations
w’k.
we
60,870
59,910
56,510
57,950
51,520
3,013,638
2,679,420
Compared with 1878, the consumption in 1879 shows a reduc¬
compared with 1876, the falling off
tion of about 0*3 per cent;
amounts to 8 per cent;
compared with a full rate of consump¬
tion, say 63,500 bales of 400 lbs. per week, the reduction is
about 11M per cent.
Imports, Deliveries,
etc., for the
showed that the bales delivered
averaged about 6 lbs. each
heavier than the weight given in our
report of December 10.
Continent.
Imports.—The import into Continental ports direct from
countries of
the
growth (exclusive of 21,793 bales re-exported to The consumption in October and November was therefore
Great Britain), compared with the arrivals in
1878, shows an 140,868,000 lbs. plus 18,720,000 lbs. in stock on October 1, or
increase of 174,080 bales American and
19,200 Egyptian, but a 398,970 bales of 400 lbs. each. The figures were nominally for
decrease of 630 Brazilian, 23,030
Smyrna, 1,550 West Indian, &c., nine weeks, but for both 1879 and 1878 they really represented
and 1,590 East Indian,
making a net increase of 166,480 bales. the deliveries for only eight-and-a-half weeks. The average
There was an increase of 120,600 bales in the
import from Great weekly consumption was therefore about 47,000 bales in 1879
Britain, which raised the increase in import to 287,090 bales.
and 43,800 in 1878. For thirteen weeks the totals would be
Stocks.—The stocks in the ports at the close of the
year, com¬ 611,000 bales, or 244,400,000 lbs., in 1879, and 569,400 bales, or
pared with, those of twelve months previous, showed a decrease 227,760,000 lbs., in 1878.
of 21,690 American, 2,740
On the basis of the foregoing
Brazilian, 140 Smyrna and 1,790 West
estimates, the movements for
the thirteen weeks were as follows •:
Indian, and an increase of 1,280 Egyptian and 4,120 East
Indian,
decrease of 20,960 bales.
Deliveries.—The deliveries to consumers amounted to
2,572,370
bales, against 2,376,240 bales in 1878, showing an increase of
196,130 bales. The average weekly deliveries were
bales
or a
net
49,468
in 1879,
against 45,696 in 1878, an increase of 3,772 bales per
week. The weight of cotton delivered was
1,088,112,510 lbs. in
1879, against 1,019,669,000 lbs. in 1878; the
average weight of
the bales delivered
being 423 lbs. in 1879 and 429 lbs. in 1878.
Imports, Deliveries and Stocks for Europe, 1879 and 1878.
The following is a
comparative statement of the total imports,
&c., for the whole of Europe in each of the
past two years :
Import.
1879.
American
Brazilian
1878.
1879.
1878.
Stock 31st Dec.
1879.
1878.
..
....
Peru,W.I.,&c.
East Indian..
Tefal
103,530
53,750
951,800
879,420
92,550
970,030
66,850 26,020 15,040
828,470 112,610 130,840
5,426,320 4,916,450 5.294.730 5,058,550 644,480
512,890
Movement During the Season October 1 to
December 31.
The deliveries to English and Continental
spinners during the
thirteen weeks ended December 31 were as follows
:
1879.
Lbs.
Surplus stock, Oct. 1.
Deliveries to Dec. 31.
Continent.
1878.
Lbs.
3 879.
,
Lbs.
1878.
Lbs.
6,012,000 13,800,000 18,720,000 30,550,000
346,488,810 273,886,480 267,598,950 216,709,350
Supply
352.500.810 287,686,480 286,318,950 247,259,350
Consumption in thir¬
teen weeks
312.500.810 260,000,000 244,400,000 227,760,000
Surplus stock, Dec.31
Surplus bales of 400
pounds
40,000,000
27,686,480
41,918,950
19,499,350
100,000
69,000
104,000
48,000
The Bombay Cotton Mills.
Deliveries.
3,840,200 3,471,300 3,723,100 3,578,000 411,030
293,930
104,110
153,720
116,850
170,560 11,840 24,580
Egyptian....
392,520
300,490
357,800
350,730 80,670 46,150
Smyrna, &c..
34,160
57,770
34,400
63,940
2,110
2,350
.
Great Britain.
-
We
are
indebted to the
courtesy of Mr. Gordon, the esteemed
Secretary of the Bombay Chamber of Commerce, for the. fol¬
lowing interesting particulars relating to the cotton mills in the
Bombay Presidency:
Cotton Consumed.
%
In Bombay
Up country
Total..
Number of
Spindles.
1878-9.
Bales.
1877-8.
Bales.
1,150,722
196,440
176,000
37,680
202,510
31,900
3,347,162
213,680
234,410
>
February
14, 1880.]
THE CHRONICLE,
The bales average 392
lbs. each. The figures are for the
ended June 30. The reduction in Bombay town was
caused by several of the mills being closed in connection
with
the failures which took place in
January, and by the adoption
If to the
years
1879-0.
tember 30
total
quantity to receive between December
31 and Sep¬
hand December 31, we
get the
available for the nine months :
wre
supply
of
Supply
add the stocks
1880.
Consumption.
and
on
Imports to Sept. 30
of “ short-time” in others.
Prospects
161
American
East Indian
1879.
2,606
1,024
Stock Dec. 31.
Total Supply.
1879.
1880.
1878.
1879.
2,707
294
3,017
considerable difference of opinion as to the
3,001
800
131
1,136
931
Egyptian
221
170
probable out-turn of the American crop. The receipts at the Sundries
46
302
216
246
199
40
42
286
241
ports to January 23 showed an increase of 522,000 bales over
Total
4,097
3,876
those of last season, and at the end of
644
513
4,741
December there was a
4,389
further excess of 163,000 bales in the
The “ total supply”
quantity forwarded over¬
averages about 425 lbs. per bale for this
land direct to Northern
spinners, making a total increase of season, against 419 lbs. per bale last season. The total
weight
685,000 bales. Most persons expect that a portion
of this excess is 2,014,925,000 lbs. this year, against
1,83S,991,000
lbs.
last
will be lost during the remainder of the
season, but the}' are year, or 5,037,310 bales of 400 lbs., against
4,597,470 bales. This
by no means agreed as to the extent of the loss. It is admit¬ year English spinners
commence with a stock of 100,800
bales
ted that the movement of the
crop has been very rapid, proba¬ of 400 lbs., against 69,000 bales last
}rear, and Continental spin¬
bly more rapid than that of any previous crop ; and
bearing in ners with a stock of 104,000 bales, against 48,000. Last year the
mind the inducement which
planters have had in the shape of stock in the ports of Europeon the 30th
September averaged
high prices to hurry their produce to market, it
may be that barely 400 lbs. each, owing to the preponderance of East India
the quantity
remaining on the plantations is smaller, in propor¬ cotton. The average this year will
probably be about the
tion to the total
yield, than in any previous season at this date. same—say 400 lbs. Last year, in
the nine months, the actual
Looking at the movements at the ports, we find that the
eight consumption of Europe was 4,165,000 bales, or about 106,800
largest weeks were those ended Dec. 19, against December
27, bales per week, namely, 55,000 bales per week in Great Britain
in 1878; December 28, in
1877 ; December 15, in 1876 ; and (where much “short-time” had been
worked) and 51,800 on the
December 31, in 1875. The total
Continent
receipts to these dates in
There is still
a
the
last four seasons
compared as follows with the entire crop :
Received.
Season of
Crop.
411
112
81
(a considerable expansion having taken place in Rus¬
sia, Poland and Austria). The rate of
consumption on the
Continent is gradually
increasing, and as it is always larger in
the Summer than in the Winter months the
average for the nine
months is not
short
of
likely
to
fall
52,000
1875-76....
per wfeek. In Eng¬
Deo. 31
2,375,000
50*86
4,669,000 land, the present rate is about 63,000 to
1876-77....
Dec. 15
2,275,000
64,000 bales per week,
50*72
4,485,000
1877-78....
Dec. 28
2,390,000
49*68
4,811,000 some say more, but it may not average over 63,000 for the nine
1878-79....
Dec. 27
2,567,000
50*60
5,073,000 months. This would
Dec. 19
#,802,000
give 115,000 bales per week for all Europe,
or a total of
4,485,000
bales.
To the figures for the first three
seasons we have added oneOn the foregoing basis,
supply, consumption and stocks for
half of the “ corrections ” made at
the close of the season. the nine months
compare as follows, in bales of the uniform
There were no'corrections in
To—
No. of Bales.
Per Cent.
Total.
„
1878-79.
weight of 400 lbs.:
It will be noticed that the
variations in the
ceived at the several dates are
age
proportions re¬
remarkably slight. The aver¬
for the four
years is 50*46 per cent.
At this rate the
2,802,000 bales received to December 19 indicate a
crop of from
5,550,000 to 5,560,000 bales.
Assuming the crop to reach
5,560,000 bales, the distribution would
probably be about
follows, compared with the actual figures for last season
:
1879-80.
Total crop
Stocks 1st September
Bales.
1878-79.
5,073,000
46,000
5,626,000
66,000
5,119,000
5,560,000
5,053,000
1,566,000
170,000
15,000
35,000
1,416,000
152,000
15,000
30,000
1,786,000
1,613,000
Dess
Available for export to Europe
foreign cotton imported & re-exported
3,774,000
11,000
3,440,000
11,000
Actual export of American cotton.
Actual import into Europe
3,763,000
3,429,000
3,414,000
August
Deliveries
Consumed by Northern spinners
Consumed by Southern spinners
Burnt North and South
Sent to Canada, Mexico, West
Indies, &c..
Total
•
.
•
•
.
...
66,000
We have assumed that the North will
want 150,000 bales
may want 200,000; their takings so far show an
•
Stock at Continental mills Jan. 1
Supply
Consumption, nine
as
5,560,000
66,000
Stocks 31st
1880.
Import and stock
Stock at English mills Jan. 1
Stock 30th September
Of which in the ports
And at the mills
The
months
5,037,000
100,000
1879.
4,597,000
104,000
69,000
48,000
5,241,000
4,485,000
4,714,000
4,165,000
756,000
694,000
549,000
487,000
62,000
62,000
surprising feature of the foregoing calculation is that
more raised in
America, 460,000 more shipped
and sundries, or a total of 960,000 bales, there
with 500,000 bales
from India Egypt
is the likelihood of the stocks in the
ports of
Europe at the close
September next being only about 200,000 bales more than at
the end of September next. The fact is that, at
the close of last
season the stocks of both cotton
and goods throughout the
of
world were, in
proportion to the normal requirements of
con¬
unprecedentedly small. This fact, and the demand to fill
machinery long standing idle, sufficiently accounts for the actual
and probable disappearance of the increased
supplies of cotton
sumers,
already received
to be received this season.
value, we must leave our readers to draw their own
conclusions. In the long run, the value of an article is
regu¬
lated by supply and demand; but it is
obvious, from the experi¬
or
As to
,
(they
excess
o
400,0C0 bales, but part of this will be lost before the
close of the ence of only the past eighteen months, that, at times, price is a
season), the South 18,000 and Canada 5,000 more than
last sea¬ mere idea—an arbitrary figure regulated more by the tempera¬
son.
A fair estimate of the
import into Europe this season ment of the market, or the mere opinion of the majority of
w'ould therefore be 3,750,000 bales.
It is expected that the operators, for the time being, than by the action of the
recog¬
Egyptian crop will reach 3,000,000 cantars, or 446,000 bales
nized principles of political
of
economy. - The popular notion at
629 lbs., against 257,000 of 611 lbs.
last season. The East Indies present is that an American crop of 5% millions is
discounted,
will perhaps send an increase of
200,000 bales. From sundry and that prices will fluctuate about 7d. as a centre. One cir¬
sources of
supply we may get 300,000 bales, against 232,000 cumstance, however, should be borne in mind, and that is that
bales.
the bulk of the present large
consumption is to supply orders
The supply for the
season, the quantity received to Decem¬ taken at much lower prices than those now current; and a
ques¬
ber 31, and balance to receive
tion of even more importance than the out-turn of
between December 31 and
the Ameri¬
Sep¬
tember 30, compare as follows
with the actual
figures for last can crop, is—Will the markets of the world, which are now re¬
season in 1,000s of bales :
ceiving large quantities of goods purchased at low prices, go on
buying
at the advance now established? If the demand con¬
Total Import for Received to
Dec. To Receive, Dec.
tinues
the Season.
good (and there are as yet no indications of slackening
31.
31 to Sept. 30.
1879-80. 1878-79.
anywhere),
there is no plethora of cotton, even with anNAmeri1879.
1878.
1880.
1879.
can crop of over 5%
American
millions; but of course, if the crop should,
3,750
3,394
1,144
687
2,606
East Indies
2,707 as some
1,175
974
151
174
think,
exceed 5% millions, present opinions
materially
1,024
800
Egyptian
446
257
225
87
221
170
Sundries
about
300
prices would undergo some modification.
232
54
33
246
199
,
•
.....
.
.
Total
5,671
4,857
1,574
981
4,097
3,876
7 Rumford Street,
ELLISON & CO., Cotton Brokers.
Liverpool, Jan. 27, 1880.
162
Ipmueiargi (Commercial ^tiglisTi Hems
English
Market Reports—Per Cable.
The
daily closing quotations in the markets of London and
Liverpool for the past week, as reported by cable, are shown in
the following
summary:
London Money and Stoek Marked.—The
bullion in the Bank
of
England has increased £101,000 during the week.
Sat.
Feb.
2
d.
oz
Consols for money
Consols for account....
U. S. 5s of 1881
U. 8. 4*28 of 1891
U. 8. 4s of 1907
45—8tr.
Erie,
Mon.
common stock
52916
97i516
10534
111*8
108*2
49*2
107*2
54*4
34%
111*4
1083s
49
Illinois Central
Pennsylvania
Philadelphia^ Reading.
107*2
54*4
35
Wed.
Feb.
10.
529I6
971516
971516
98* i«
105 78
Tues.
Feb.
Feb.
9.
7.
•
Silver, per
Sat.
=r
Flour (ex. State) ftcent’l. 14
'Wheat,spr’g,No.2,1001b. 10
11.
12.
5238
523s
971516
97i516
9715iq
97i°io
10534
1113a
109*4
4938
107*2
54
34
.
do
“
10
“
10
cent’l 5
new.
“
5
do
6
14
6
14
10
10
3
14
6
14
10
10
9
4
2
4
6
10 10
10 5
11 3
11
5
“
new
8.
7
2
0
2
4
9
“
10 11
“Ill
10
d.
4
9
5
3*2
5
11
11
10
11
5*2 5
4*2
5
0
4
3
10
6
11
5
0
4
11
5
0
4
5
3
5
3
Liverpool Provisions Market.—
Sat.
8.
Pork,West. mess.. $bbl.59
Bacon, long clear, cwt. .35
Short clear
Beef,
“
pr. mess,
s.
0
59
6
35
37
80
38
73
37
0
0
$ tierce.80
Lard, prime West. $cwt.38
Cheese, Am. choice “ 73
9
0
5
3
5
6
11
11
10
11
5
5
d.
0
6
0
0
9
0
Tues.
s.
d.
59
35
37
80
38
73
Wed.
s.
0
0
0
0
9
0
59
35
37
80
39
73
Thurs.
s.
d.
d.
0
0
0
0
6
0
59
35
37
80
39
73
0
0
0
0
6
0
252,526
$
2,836,973
1,730,440
280,987
the receipts and payments at
the
as the balances in the
same,
Balances.
Gold.
Currency.
$
“
12
“
13’/.'.
1,037,478 70
1,149,658 65
“
“
as
Payments.
1,478,660 08
1,288,041 54
1,476,517 37
755,697 50
7,186,053 84
$
$
547,152 66 106,549,171 30 7,394,775
35
1,229,716 24 106,920,485 18 7,081,786
77
848,981 94 107,418,719 60 7,211,087 78
834.086 44 107,413,000 47
7,138,417 97
1,217,474 78 107,211,336 49 7,160,085 87
7,769,307 25 100,385,713 95 7,366,059
81
12,446,719 31
Statement of the Comptroller of the
Currency, showing by
States the amount of National Bank
circulation issued, and the
amount of
Legal Tender notes deposited in the United
Treasury to retire National Bank circulation, from June States
20,1874,
to Feb. 1, 1880, and amount
remaining on deposit at latter
date.
d.
6
9
4
2
'
4
6
0
4
3
Legal-Tender Notes Deposited to
Retire National Bank Circula¬
tion since June
Additional
Circulat’n
States
Mon.
d.
10 10
10
11
11
10
$1,096,717
1870
1869
1868
147,242
following table shows
7...
9...
10...
11...
“
Fri.
8.
14
Winter,West.,n.
Thurs.
855,631
438,126|1872
875,038
Same time in1871
$391,498
$158,191
2,801,362 I 1874
1,884,117 ji873
Total
d.
10
10
11
11
10
10
5
Feb.
495s
8.
3
The
Same time in—
S 1875
Receipts.
cotton.
on
Wed.
d.
8.
Same time in1879
$1,463,978
107*2 xl04
54
53%
33
33*2
33*2
Tues.
d.
s.
Previously reported ($320,915 silv., and $554,123 gold)
Tot. since Jan. 1, ’80 ($329,343
silv., and $767,374 gold)
5238
1113s Xll0*4
109*2
1093s
54
[VOL. XXX
well
each day of the past week:
Fri.
Feb.
13.
49
■
Sub-Treasury in this city,
for
97i5i6 98iie
9715i6 98*16
106
10578
1053*
111*4
109*8
4878
107*2
6
1
Spring, No. 3...
Av.Cal.white..
California club.
Corn, mix..W.old*)
Mon.
d.
S.
Thurs.
Feb.
5212
Liverpool Cotton Market.—See special
report
Liverpool Breadstuff's Market.—
Southern,
1876.
THE CHRONICLE
Territories.
Fri.
d.
59 0
35 0
37 0
80 0
39 0
73 0
N.
$
1,461,180
Hampshire
550,365
Vermont
1,699,310
Massachusetts 19,926.360
Commercial amiip/scelXattroxis Items.
Rhode Island.
Connecticut
1,655,370
2,485,460
..
$
317,000
72,997
174,097
234,800
32.350
55,800
1,069,340
7,172,500
65.350
1,645,830
on
with U. S.
Total
under
Act
Liquitlat - of
J’ne 20, Deposits.
ing Banks 1874.
$
Maine
ders
deposit
To
retire
Redempt’n Circulat’n
of Notes of
1874.
s.
Legal Ten¬
20,1874.
issued s’ce
June 20,
and
$
600,000
917,000
128,797
1,243,437
7,407,300
767,735
735,385
Treasurer
at date.
$
220,231
36,710
136,300
1,052,858
70,572
1,711.180
367,711
New York
Imports and Exports for the
2,158,878 21,733,670 23,892,.548
Week.—The imports of last New Jersey... 20,441,8*5
1,712,165
241,660 1,517,280 1,758,940 4,470,630
week, compared with those of the
411,551
1,162,226 6,322,071 7,484,297 1,157,230
preceding week, show Pennsylvania 9,746,190
an increase in
dry goods and a decrease in general merchandise. Delaware
232.275
The total imports were
Maryland
1,139,810
166,600 1,646,380 1,812,980
$8,469,472, against $11,753,252 the pre¬ Dist.
72,585
Columbia
455.500
417,664
ceding week and $11,068,634 two weeks
427,500
845,164
37,896
Virginia
previous.
The
755.500
910,369
for the week ended Feb. 10
exports West
880,510 1,790.879
276,531
Virginia.
108,370
amounted to $5,725,001,
731,060
270,000 1,001,060
against N’rth Carolina 1,235,660
116,725
$6,322,878 last week and $6,744,879 the
128,200 1,012,585 1,140,785
previous week. The S’th Carolina
190,666
77,200
following are the imports at New York for the week
953,380
953,380
34,265
Georgia
470,850
..
.
ending
(for dry goods) Feb. 5 and for the week
ending (for general
merchandise) Feb. 6:
1877.
General mdse...
Total week
Prev. reported..
1878.
$2,070,752
$1,958,119
2,500,134
1,891,563
$4,570,886
$3,849,682
29,578,279
27,554,481
1879.
$3,286,258
5,344,360
$8,630,618
24,185,844
Totals’ce Jan. 1. $34,149,165
Louisiana
1880.
5,341,149
$8,469,472
43,685,200
following is
a
ending Feb. 10:
EXPORTS FROM NEW YORK
FOR THE WEEK.
For the week....
Prev. reported..
1877.
1878.
$4,977,839
$6,949,877
28,912,598
30,899,860
Totals’ce Jan. 1. $33,890,437
1879.
-
$6,817,258
27.485,205
1880.
$5,725,001
29,660,406
$37,849,737 $34,302,463
$35,385,407
The following will show the
exports
of
specie
from
the port
of New York for the week
ending Feb. 7, and also a com¬
parison of the total since Jan. 1, 1880, with the
totals for several previous
corresponding
years:
Feb.
Flamborough
..
..Mayaguez
Port-au-Prince
Havana
London
Mex. silv. dols.
Mex. silv. dols.
Mex. silv. dols.
Span, doubl’ns.
Am. silv. bars.
Total for the week ($77,013
silver, and
Previously reported ($596,629 silv., and$52,800 gold)
500
11,996
52,800
60,000
Tot. since Jan. 1, '80
($673,642 silv., and $266,990 gold)
$940,632
Same time in
Same time inSame time in1879
$1,487,937 1875
$12,253,332 1871
1878
$5,484,227
1,817,446 1874
4,657,922 1870
1877
4,350,860
1,888,615 1873
9,804,904 1869
1876
3.208.040 1872
5,139,171
1,775,043 1868
9.657,851
The imports of
specie at this port for the
been as follows:
same
periods have
Feb.
J. de Bueno
4—Str. Neckar
0—Str. Frisia
6—Brig Emily
„
7—Str. Western Texas
^
c^Str. Ailsa
_
Cuba
Am. silv. coin..
Am. silv. coin..
Mexico
.Cuba
U. S. of
Am.
Colombia...Am.
gold coin..
$250
281
795
silv. coin,.
4,521
Am. gold coin..
1,835
For. silv. coin..
137
Gold bars.
3,280
Gold dust
2,860
Germany
For. gold coin..
83
France
Am. gold coin..
47,478
For. gold coin..
154,000
Central America.
Am. silv. coin., j
$200
Am. gold coin.,
.yp 870
British West Indies.Am.
silv. coin..
1,739
Hayti
Am. silv. coin..
1,000
U. S. of Colombia.
..Gold dust
1,450
Am. gold coin..
200
Am. silv. coin..
300
.
Total for the week
($8,428 silver, and
Kentucky
Tennessee
Missouri
Ohio
Indiana
Illinois
139,500
229,500
129,543
1/284,110
645,750
10,000
3,622,430
587,710
742,260
....
Michigan
Wisconsin....
Iowa
Minnesota....
Kansas
Nebraska
Nevada
Colorado
Utah
Montana
2,561,620
3,237,680
2,289,265
1.973,710
732,930
1,398,400
1,017,800
147,600
67.500
366
2,099,250 2,745,000
217,768
229,340
239,340
1,125
144,000
144,000
5,812
629,867 1,441,933 2,071,800
382,785
370,401
533,859
904,260
198/381
998,510 3,607,410 4,605,920
732,524
1,538,754 2,949,787 4,488,541
994,242
1,224,197 6,091,483 7,315,680 2,261,138
1,734,934 6,400,246[ 8,135,180 1,033,683
364,500 2,132,995 2,497,495
439,205
653,860
968,439 1,622,299
436,752
811,669 1,554,955 2,366,624
444,674
420,095 1,316,445 1,736,540
275,218
781,721
190,550
972,271
256,081
45,000
233,080
278,080
53,965
-
'
'468/900
Washington
134,900
64.500
135,000
45,000
112.500
..
New Mexico..
Dakota
135,083
161,191
82,300
149,400
196,800
45,000
2,108
26,037
19,782
49,480'
284,483
357,991
127,300
301.500
....
*Legal tenders
3,813,675
$213,251 gold)
$221,679
.
i
85,635,865 17,798,808 76,904,378 98,516,861*
16,706,370
*Deposited prior to June 20,1874, and
remaining at that date.
$4,517
$129,813
810,819
$214,190 gold)
2—Sclir. Potogi
2—Str. Canirna.
2—Str. Acapulco
93,240
Totals
C. of R.de Janiero.St.
Thomas.:
5—Str. Alps
5—Str. Saratoga
7—Str. Neckar
725,400
90,000
161,100
144,000
Arkansas
California
437,675
207,000
.
....
Texas
$3,128,323
287,725
45,000
Mississippi..
$31,404,163 $32,816,462 $52,154,672
statement of the exports
(exclusive of
specie) from the port of New York to
foreign ports for the
The
2
Florida
Alabama
FOREIGN IMPORTS AT NEW YORK
FOR THE WEEK.
Dry Goods
week
..
Statement of tte Comptroller of the
Currency on Feb. 1,
1880, showing the amounts of National Bank
notes and of Legal
Tender notes outstanding at the dates of the
passage of the
Acts of June 20, 1874,
January 14, 1875, and May 31, 1878,
together with the amounts outstanding at date, and the
increase or decrease:
National Bank Notes—
Amount outstanding June 20,1874
Amount outstanding January 14, 1875
Amount outstanding
May 31,1878
'
Amount outstanding at date*
Increase during the last month
Increase since Feb. 1, 1879
*.
l egal Tender Notes—
Amount outstanding June 20, 1874
Amount outstanding
January 14. 1875.
Amount retired under act of Jan.
14, 1875, to May 31, ’78
Amount outstanding on and since
May 31, 1878
Amount on deposit with the U. 8.
Treasurer to redeem
notes of insolvent and
liquidating banks, -and banks
retiring circulation under Act of June 20, 1874 ../
Increase in deposit during the last month
Increase in deposit since Feb. 1, 1879.-.
*
Circulation
of
national gold banks, not
/
$349,894,182
351,861,450
322,555,965
342,304,789
1,343,573
19,373,946
$382,000,000
382,000,000
35,318,984
346,681,016
16,706,370
3,331,613
5,034,130
included in the above,
$1,426,120.
Columbus Chicago & Indiana
Central—Pennsylvania.—It
will be remembered that,
by
Justice Harlan’s decision in the
suits between these
companies, the lessor was given until the
first of January, 1880, to reduce the debt
to $15,821,000. The
report of the master appointed by the Court to
supervise the
performance of the decree by the lessors, was made
on ihe 5th
instant, and after argument the Court decreed that the acts-
February 14, 1880. j
THE
CHRONICLE.
163
done amount to performance of the decrees
and to a reduction
of the debt to $15,821,000,
poses, and the coke heretofore used
has been transported at
except the amount required for the enormous
Pullan decree, involving a
cost. The demand, for such
large amount, for which security was Utah is
coal in Colorado and
immense.
This company, it is estimated
required, and has been deposited for $1,000,000,
by
the C. C. & will show a net income of
by its
I. C. Company. Upon the
$400,000 within the next fiscal friends,
finding, a decree was entered for the
year.
arrearages of rental up to January 1, 1880,
—The well-known firm of Messrs.
amounting to about
Thomas
$2,600,000, subject to deduction for net
Denny & Co., 30
earnings for November Pine street, offer for sale
and December, to be
paid in—say about $200,000 An appeal Northern first mortgage 7 $100,000 ’St. Louis Kansas City &
was taken
per cent Omaha
by the Pennsylvania Railroad Company, the
also, $100,000 real estate and railroad first Division bonds;
lessee, cent
and the Philadelphia
mortgage 7 per
Ledger says :
bonds of the
“
Upon the question of the amount of rental due considerable Great Northern firstsame road, and $100,000 International &
mortgage 6 per cent gold bonds. They
differences existed. The lessees asked to
wish to purchase
set off various
& Great Northern
amounting to about $1,000,000, and of these about claims, gage bond scrip andInternational
mortall
classes
$600,000
of
Toledo Wabash & Western
were allowed.
The lessees think too little was
funded
debt bond scrip.
credited, and
the lessors say there
Investors and others may find it to
was too much.
The appeals will raise their advantage to communicate with
this firm.
these questions as well as the
numerous legal
questions
involv¬
—The
New York Evening
ing the original validity of the lease, its termination
Express Statesman’s Annual is one
by subse¬ of the most elaborate
quent legal proceedings, the
of any of the statistical annuals
sufficiency
the
mode
of
of
published.
the debt, and others. The
reducing It is
litigation was commenced in Febru¬ and issued as a pamphlet of nearly 500 pages, ana is edited
ary, 1875.
Five years
compiled by Mr. Henry A. Jackson, the well-known
h^ye elapsed before a final decree has editor
financial
been reached. The
of the Express, assisted
appeals in the present state of the United
by Mr. J. B. Peck. For the
States Supreme Court docket
statesman
and
politician the book contains a volume of inter- ‘
will hardly be heard in less
than four years, so that the
esting
matter
and
tabular statistics which are invaluable.
It is
in the decree for rental cannot large amount of money involved sold at the
be applied to the interest
very moderate price of 50 cents.
the bonds of the lessor
upon
company, and in the meantime it is
—The Manhattan Life Insurance
presumed the road will be operated as
Company of New York has
heretofore,
just
published its annual statement for the year
by the les¬
sees
continuing in possession and paying the net earnings
ending Dec. 31,
into 1879. The business of 1879 footed up $1,891,322, of which about
Court.”
$1,000,000 was for-premiums received. The
Union Pacific.—The new stock of
disbursements, in¬
the Consolidated Union cluding losses and all expenses, were
only
$1,551,342,
The total
Pacific, Kansas Pacific and Denver Pacific
assets are $10,049,156, and the
railroads, amounting is
surplus by the New York standard
to $52,000,000, has been
the handsome sum of $1,849,660. Mr.
placed on the N. Y. Stock Exchange
list. The statement submitted
Henry Stokes is Presi¬
says that the agreement of con¬ dent and Mr. C. Y. Wemple is Vice-President.
solidation was made Jan.
24,1880, under authority given in the
—The Bankers' Almanac and
acts of Congress of
for 1880 has just been;
July 1,1862, and July 2,1864. The funded issued, containing all its usual Register
stock of valuable information.
debts of the constituent
companies forming this consolidation There is a list of all the banks and
are recited in detail
bankers of the several
as they are
given m the tables of the States and Canada, with the names of the
Investors’ Supplement.
president, cashier
and New York
correspondent of each. A legal directory is
Under the collateral trust
mortgage of the Union Pacific one of the new features of the present
Railroad Company, $2,000,000 have
volume, giving the
been issued, and the
names of
right
to. issue the unissued bonds
attorneys
in
every
section
of
the
country.
under this mortgage is reserved.
—The Peoria Decatur & Evansville RR. Co. has
Under the consolidated
just pur¬
of the Kansas Pacific, $8,- chased the Grayville & Southern Railroad of 75
450,000 have been issued,mortgage
and the right to issue the unissued
miles,
which
now makes the P. D. & E.
bonds under this
road 185 miles in length. It
mortgage
is
also
reserved.
also
is
In addition to the funded
debt enumerated, the trustees in proposed to build about 60 milesb additional—to Evansville,
and there connect with the
the Kansas Pacific consolidated
mortgage of May 1, 1879, hold The stocks and bonds of this Louisville & Nashville roads.
the following
securities, which are kept for the protection of
company (the P. D. & E.) have
the trust created
by that instrument, namely : Funding mort- been placed on the N. Y. Stock Exchange list.
gagebonds, $1,500,000; second land grants, $1,400,000
—Messrs. Wood & Davis, 31 Pine street, are
; Leaven¬
offering the 6
worth Branch bonds,
)er
cent first
108,000 ; income bonds, $3,151,700; Ark¬
bonds
of
the
Colorado &
mortgage
Atchison
ansas Valley
Pacific Railroad.
This road is an extension of the
bonds, $1,035,000; Solomon Railroad
Central
bonds, Branch Union
575,000; Denver Pacific bonds,
Pacific,
and the bonds are guaranteed by the
$1,641,000;
Boulder
Valley ; ast-named company.
bonds, $468,000; Junction City & Fort
The net earnings of the lines in 1879 was
Kearney bonds, $522,133, and
$820,000; Golden, Boulder and Caribou
the
surplus
over interest charges was $262,178.
bonds, $60,000; total,
$10,758,700.
—The Chicago & Alton Railroad
—The Union Pacific collateral trust
Company declares a divi-.
bonds are put on the list dend of 3^ per cent on its preferred stock and 3
and the issue is limited to 80
per cent on
common stock, payable at the office- of
per cent of the following bonds ;
Messrs. Jesup, Paton &
Omaha & Republican
Valley Railroad | $10,000 per mile,
Co., on the 1st day of March, 1880. Transfer books close on
present length of road 80^3 miles
Colorado Central Railroad bonds
$850,000 the 20th inst. and re-open March 2,1880.
Utah Northern
2,526,000
Railroad, present issue about
—Attention is called to a list of choice investments
3,480,000
offered to
the
Total
public by Mr. Chas, T. Wing, corner Wall street and Broad¬
$6,856,000 way, New York. Mr. Wing has
The collateral trust bonds are 6
given attention for years past
per cents, dated
July
1, 1879,. to dealings in investment bonds.
payable July 1, 1908. They are a direct
obligation of the U. P.
—The Deadwood Mining Company has declared a
Company, and have been pledged with the
trustees as security dividend for
monthly
for the first
January of 25 cents per share, payable at Wells,
mortgage bonds of the roads named above. The
Fargo & Co.’s, on the 20th.' Transfers close to-day.
sinking fund is as follows :
...
5.6781./
#
.
,
Interest collected
on
per cent
Interest paid
80 per cent,
on
hypothecated bonds, say $1,000,000, at 7
collateral trust bonds issued
against
at 6 per cent
$800,000,
same at
—The Homestake Mining
Company has declared its usual
dividend,
for
January,
at Wells, Fargo & Co.’s, on the
payable
$70,000 25th.
Transfers
48,000
Annual sinking fund.
$22,000
—The following is a
comparative statement of the land sales
■of the Union Pacific
Railroad since 1875:
Year.
1879
*
Acres.
111,965-55
128,096-21
69,015-87
.....318,903-47
243,337-43
Av. price p. acre.
$3 66
3 02
4 98
4 88
4 14 1-10
close on the 20th.
—Ohio Central Railroad
Company stock has been put upon
the New York Stock
Exchange List.
BANKING AND FINANCIAL.
Amount.
$409,916
10
389,773 46
FISK
343,768 02
1,557,082 32
1,007,855 63
courts are
prohibited from
issuing writs compelling tax col¬
lectors to receive tax-receivable
coupons. The act is to be sub¬
mitted to the people for ratification
in November.
—The Utah & Pleasant
Valley Railroad is offering its first
mortgage bonds, at
90 and
interest, through Messrs. Joseph U.
Orvis & Co. and Messrs. Sheldon
& Wadsworth, of New York.
This road owns in Pleasant
Valiev,
Utah, valuable coal mines,
And this coal, it
claims, is the first yert discovered west
of
Pennsylvania that will make first-class coke for
smelting
pur¬
HATCH)
BANKERS,
AND
DEALERS IN GOVERNMENT
BONDS,
and other desirable Investment
Securities,
NO. 5 NASSAU STREET, N. Y.
Virginia State Bonds.—The press
dispatches from Rich¬
mond say that the
“Readjusters” in the Virginia Assembly
have agreed in caucus
and
presented to the Senate a bill to
reestablish the public credit. It
reduces the principal of the
debt, by the elimination of the heretofore
funded war, recon¬
struction and compound interest
debts from $32,000,000 to
$17,665,000. It reduces the rate of interest to 3
per cent and
forbids collectors of revenue to
receive tax-receivable
coupons
either from consols or 10-40s. A
loan of
is author¬
ized, certificates issued thereunder to be$1,000,000
sold to taxpayers at
50 cents on the
dollar, and to be received in payment
of taxes.
This feature is intended to coerce
consol holders, who now sell
their tax-receivable
coupons at a much higher figure. State
Sc
Buy and sell all issues of Government Bonds, in
large or small
amounts, at current-market prices, and will be pleased to furnish
infor¬
mation in reference to all matters
connected with investments in Gov¬
ernment Bonds.
We are prepared to give information in
regard to lirst-olass
Securities and to execute orders for the same.
Buy and sell all marketable Stocks and Bonds
Stock
Exchange
or
in the open market.
on
Railway
commission, at the
Receive accounts of Banks, Bankers,
Merchants, and others, and allow
interest on daily balances; and for those
keeping aocouDts with us we
collect U. S. coupons and
registered interest, and other ooupons, divi¬
dends, &c., and oreclit without charge.
Ejp31 We give special attention to orders from Banks, Bankers, Institu¬
city, by MAIL or TELEGRAPH, to buy or
BONDS, STATE and RAILROAD BONDS, BANK
STOCKS, RAILROAD STOCKS, and other securities.
We have issued the Seventh Edition of * Memoranda
Oonoeming Gov¬
ernment Bonds,” copies of which can be had on
application.
PlSK & HATCH.
tions and investors out of the
sell GOVERNMENT
♦
22..44553.——SNaantional
164
THE
CHRONICLE.
5* he f$tmksxsT dteetle.
NATIONAL BANKS ORGANIZED.
Comptroller of the Currency furnishes the
following statement of National Banks organized the past week:
Bank, Baltimore, Md.
Authorized capital,
B. A. Vickers, President;
Authorized to commence business
$377,070; paid-in capital, $377,070.
John M. Littig,
Feb. 9, 1880.
Cashier.
Miguel National Bank, Las Vegas, New Mexico. Authorized
capital, $50,000: paid-in capital, $50,000. Miguel A.
Otero,
President: Jacob Gross, Cashier. Authorized to
commence
business Feb. 9,1880.
Treasury purchase of bonds on Wednesday, the pro¬
posals to sell amounted to $11,625,000. The amount called for
by the Treasury was $11,000,000, and all 6s of 1880 at 103% and
under, all 6s of 1881 at 105% and under, and all 5s of 1881 at
103% and under, were accepted, amounting in all to
$11,474,000.
The Secretary of the
Treasury now gives notice that proposals
for the sale to the government of
received at the office of the Assistant
at
act of
Per
Cent.
Railroads.
Chicago & Alton, pref
do
3*2
com
Cleveland <fe Pitts., guar.
(quar.).
North Pennsylvania
Insurance.
Sterling Fire
XTie
When
Books Closed.
Payable.
(Days inclusive.)
13*
1*2
March 1
March 1
March 1
Feb.
25
3*2
On
3
Interest
Periods.
6s, 1880
Feb. 21 to March 1
Feb. 21 to March 1
Feb. 11 to March 1
Feb. 11 to Feb.
19
deni.
FRIDAY, FEB. 13, 1880-5 P. M.
money Market .and Financial
Situation.—There have
been several events of
importance this week in financial circles,
of which the general
tendency was to strengthen rather than
hinder the buoyancy of the markets.
Foremost was the pur¬
chase by the United States
Treasury of $11,000,000 bonds for
the sinking funds at
comparatively full prices, which should be
followed by the natural result of
creating an easy money mar¬
ket from the disbursement of so
large an amount of money.
But the moral effect of this
purchase by Secretary Sherman is
felt in the impression given that his
policy will be the same as
last year, namely, to
keep the money market easy by the oper¬
ations of the
Treasury, so far as it may be practicable to do so.
The Waj*s and Means Committee of the
House of Represen¬
tatives have voted
by 11 to 2 in favor of issuing a 3/£ per cent
20-40 year bond for
funding the yet outstanding fives and
siies, and this is accepted as settling the question of interest on
the bonds hereafter issued. The
committee propose to leave
for purchase by the
sinking fund the
of
$200,000,000 of
$200,000,000
bought for the sinking
fund by the time the 1881’s
mature, authority is to be given to
the Secretary of the
Treasury to issue short time obligations to
bear 4 per cent annual
interest, and to be redeemable at the
pleasure of the Treasury after one year. This action
by
sum
the fives and sixes of 1880-81. For
such part of the
fives and sixes so reserved as are not
the Committee has the effect of
strengthening
bonds and other high-class investment
government
securities, since the
lowering of interest on governments must pitch a standard
which is followed to some extent
throughout the whole list
of investments.
The money market has been
abundantly supplied with
funds,
and the usual
range has been 4@6 per cent, with exceptions
at 3
per cent to government bond dealers.
Prime commercial
paper sells readily at 5@3^j per cent.
The Bank of
England statement on Thursday showed a gain
of £101,000 in
specie, and a reserve of 49 13-16 per cent of lia¬
bilities, against 48% per cent last week; the discount rate
re¬
mains at 3 per cent. The Bank
of France gained
12,200,000
francs in the week.
The last statement of the New
York City Clearing-House
banks, issued February 7, showed a decrease of
$648,375 in the
excess above their 25
per cent legal reserve, the whole of such
excess
being $3,331,450, against $3,979,825 the previous week.
The following table shows the
changes from the previous week
and a comparison with the
two preceding years.
1880.
Feb. 7.
Loans and die.
Specie
Circulation
..
Net deposits
Legal tenders.
.
Legal
reserve.
Reserve held.
Surplus
Differ’nce8 fr’m
previous week.
$290,381,600
Inc .$7,187,100
52,994.600 Inc. 2,681,800
21.683.200 Inc.
153,300
264.104,200 Inc. 4.728.300
16,437,900 Dec. 2,148,100
$66,101,050 Inc.$1,182,075
69,432,500 Inc.
$3,331,450
Dec.
1879.
Feb. 8.
1878.
Feb. 9.
$242,280,200 $243,050,300
17,849.300
19,427,100
219.387.300
32,146.900
51,135,400
19,687,100
211,713,000
34,877,000
$54,846,825
$52,928,250
533,700
-^68,934,700
$648,375
$14,137,875
67,023,900
$14,095,650
United States
Bonds.—The great features of the week have
been the purchase of
$11,000,009 of bonds for the government
sinking fund and the announcement from
Washington of the
probable issue of 3/£ per cents for further
These influences have made
for governments, with a
a
6s, 1880
68,1881
6s, 1881
58,1881..
5s, 1881
4*28,1891
4128,1891
4s, 1907
4s, 1907
6s, cur’cy,
6s, cur’cy,
6s, cur’cy,
68, cur’cy,
6», cur’cy,
*
reg. J.
coup. J.
Feb.
7.
Feb.
9.
market
been
Feb.
10.
as
follows:
Feb.
11.
Feb.
12.
Feb.
13.
&
&
&
&
J. *103*2 *103*2 *103*2 1033*
*103% *103%
J. *103*2 *103*2 *103*2 *103%
*103% *10334
J.
J.
reg.
*105*8 *105*8 105*8 105*4 *105*8 105%
J.
J.
coup.
*105*8 105*8 *105*8 105*4 *105*8 *105*4
reg. Q.-Feb. *103*8 *103*8 103
*103*8 103*4 103%
coup. Q.-Feb. *103
103*8 *103
103*8 103*4 103%
reg. Q.-Mar. *107
*10738 10738 *10738 107*2
107%
coup. Q.-Mar. *108*8 *108*2 108% 108%
108% 108%
105*4 106
reg. Q.-Jau.
106
106*8 106*4 106*2
coup. Q.-Jan.
105*2 106
106
106
106% 106%
J.
&
J.
*122
*122
1895..reg.
*122
*12 3*2 *123
*124
J.
&
J.
*122
*122
1896..reg.
*123
*123% *123
*124
J.
& J. *122
*122
1897..reg.
*123*2 *123% *123
*124
1898..reg. J. & J. *122 *122 *123*2 *123% "123 *124*4
1899..reg. J. & J. *122 *122 *124*2 *124 *123 *124*a
-
This is the price bid; no sale
was
made at the Board.
The range in prices since Jan. 1, 1880, and
the amount of each
class of bonds outstanding Feb.
1, 1880, were as follows:
Range since Jan. 1, 1880.
Lowest.
6s, 1880
cp. 1023* Jan.
cp. 104% Jau.
Feb.
cp. 103
6s, 1881
58, 1881
4*28, 1891..cp. 106% Jan.
48, 1907
Jan.
cp. 103
6s,cur’ncy.reg.
Highest.
13 102% Jan.
7 i05% Feb.
2 104
Jan.
2 108% Feb.
2 106% Feb.
13
5
29
32
13
Amount Feb. 1, 1880.
Registered.
Coupon.
$14,845,000
$3,570,000
184,239,150
288,823,750
168,391,000
507,687,400
64,623,512
66,877,100
217,671,600
81,609,000
231,088,750
Closing prices of securities in London for three weeks past and
January 1, 1880, were as follows:
the range since
-
U. 8. 5s of 1881
U. 8. 4*28 of 1891
U. 8. 4s of 1907
Jan.
Feb.
30.
6.
Feb.
13.
Range since Jan. 1,1880.
Lowest.
Highest.
105% 105% 106
105% Jan. 15 106% Jan. 12
111
111*8 Xl0*4 109% Jan. 2 111*2 Feb. 10
107% 108% 109% 106*4 Jan. 2 109*2 Feb. 12
State and Railroad
Bonds.—The good Southern State bonds
home, and the better issues—those of Georgia
for instance—have advanced to
prices which make them pay
less than 5 per cent on the
purchase price. The Louisiana
bonds are returning from
foreign markets to which they went
at prices about 40.
Railroad bonds have shown great
activity in the leading
speculative favorites, the Erie 2d consol and 5 per cent funding
bonds, and the St. Louis & Iron Mountain incomes, being con¬
spicuous for a very large business at high prices.
The following were placed upon the Stock
Exchange lists
this week: Kansas Pacific first
consolidated, 1919, 6 per cent
bonds; Union Pacific collateral trust bonds; Union Pacific
capital stock, $52,000,000; Peoria Decatur & Evansville stock
and first mortgage 6 per cent bonds of 1920; Ohio Central
stock,
first mortgage 6 per cent bonds of 1920, and income
bonds of
1920; Minneapolis & St. Louis, Iowa Extension, 7 per cent bonds
of 1919; New York Ontario & Western common and
preferred
stock; International & Great Northern stock and first
mortgage
6 per cent gold bonds, and second
mortgage iicom^bonas;
Montauk Gas Company stock. $2,500,000.
A. H. Muller & Son sold the
following at auction:
are
in demand at
Shares.
113 Missouri Pacitic RR. (old
stock
8
16 Bank of America
104
10 Park Fire Ins. Co
113*4
7 The Star Newspaper Co
for....
City and County of
San Francisco 7 per cent
gold bonds, due 1894.. 106
$3,000 State of Texas (fron¬
$145
Railroad and
has shown
Bonds
$9,000
Miscellaneous
fair
tier defeuse) 7 per cent
irold bouds, due 1910.. 112*2
stoefc*#—
The stock market
degree of activity, but without much buoyancy
in prices.
Erie has been, upon the whole, one of the strongest
among the leading speculative stocks, and Mr. Vanderbilt is
again credited with being a purchaser of the stock and second
a
consolidated bonds. The contract between Lake Shore and the
other Vanderbilt roads with Erie has at last been
signed, and
from all information yet obtainable it is a
general agreement
for harmonious working and
exchange of traffic, but is con¬
sidered favorable for the Erie interests. The
plan for the
exchange of Toledo Peoria & Warsaw income bonds and stock,
if carried out, will involve the issue of 29,000 shares of
pre¬
ferred and 20,000 of common stock of the Wabash St. Louis &
Pacific Company. It has also been
reported that the difficulty
in regard to oil freights has been settled
by a contract between
the Central of New Jersey and other
companies, which will be
favorable to the interests of all. The coal stocks
have, in most
cases, shown some weakness, and the coal situation seems to be
regarded as rather unsatisfactory.
funding operations. somewhat
strong and active
decided advance in prices.
very
of Wednesday of each week hereafter
until further
The bonds to be purchased are those issued
under the
February 8, 1865, sixes of 1880; acts of March 2, 1861,
July 17,1861, and March 3, 1863, sixes of 1681; act of July 14,
1870, five
The following dividends have recently
been announced:
Company.
noon
notice.
$1,000,000 bonds will be
Treasurer, at New York,
per cents of 188L
Closing prices at the N. Y. Board have
DIVIDENDS.
Name of
[Vol. XXX.
At the
The United States
Marine,
'
To-day, the market was
irregular and prices were barely steady. Railroad
earnings reported in full for the month of .January will be
found
on
another page.
February 14,
The
THE CHRONICLE.
1380.]
daily highest and lowest prices have been
Saturday.
Feb. 7.
Monday,
Feb. 10.
70
69
71
Am.Dist. Tel. 70
Atl.& Pac. Tel. 42
42% 42%
Canada South
66% 67% 67%
Cent, of N. J.. 81% 82
Cent. Pacific
81% 82%
22
Ches. & Ohio., 21% 21%
30
do 1st prf 30
32
24
24
do 2d prf.
Chic. & Alton. *07% 108% 107% 107%
145
Chic Bur. & Q. 146% 146% 145
Chic.M.A St.P. 77% 78% 77% 78
67
pref. *02% 102%
80% 80%
do
pref. *04% 105
Chic. R. I.&P. 149% 149%
Chic. St.P.&M.
Clev. C. C. & I
Col.Chlc.& I.C.
Del. & H.Canal
Del.Lack.A, W.
llan. & St. Jo..
do
pref.
Hous.A Tex.C.
Illinois Cent...
Ind.Cin.& Laf.
Kansas Pacific
Lake Erie& W.
Lake Shore....
*76%
l?A
24%
22
74%
74%
86%
39% 40%
70]
75]
Feb. 11.
68
67
pref.
Northern Pac.
do
pref.
Ohio & Miss..
Pacific Mail....
Panama
Phil. & Read’g
St.L. A. A T.H.
39
40
70%
74]
70%
do
30%
*24
*107
145
i
90%
105
51% W'4
77
77
%>*
72
21%
73%
Chic Mil. & St.P. 1st wk Feb
84%
Chic. St. P. & Min.4th wk Jan
Chic. & W. Mich..3d wk Jan.
Clev. Mt.V.A Del.4th wk Jan
Denv.8.P’k& Pac. January...
Det. Lans.& No...3d wk Jan.
xlOl 101
Dubuque&S.City.l8t wk Feb
121
’03% 103% 103%
88
87% 91%
26% 26% 30
131%
47%
72
184
66%
23%
6i%
21* 5!%
43
55%
76%
55
89*
vr*
38
pref.
77%
44
69
59%
39%
92
45
60%
no
sale
was
H04
92%
45%
70
104% 105
made at the Board
Total sales of leading stocks for the week
ending Thursday,
and the range in prices for the year 1379 and from Jan.
1, 1830,
to date, were as follows:
Sales of
Week.
Shares.
Canada Southern....
Central of N. J
Chicago Sc Alton
Chic. Burl. & Quincy
23,050
42,694
765
Range since Jan. 1,1880.
Lowest.
Highest.
5 74*2 Jan. 14
65% Feb.
79% Jan. 23 8378 Jan. 14
2 10978 Jan. 10
99*2 Jan.
Range
Low-
45*4
33*2
27,655
12,246
27,445
9,367
12.001 ‘
17,990
22,821
1,223,000
631,524
9,010
91,773
944,000
Wisconsin Valley. 4th wk Jan
1,089,166
419,729
7,982
84,215
724,271
1,135,000' 1,008,321
83,537
73,870
36,603
25,623
9,640
33,868
28.427
144,300
79,459
41,959
34,259
211,339
417,236
475,891
417,236
119,421
80,498
IllinoisCen.(Ill.)..January...
314,732
141,265
17,263
225.413
13,543
13,771
18,600
186,507
89,023
16,098
1879.
$13,506
473,500
144,300
25,500
200,027
Pad.&Eli3abetht.3d wk Jan.
Pad. & Memphis. .3d wk Jan.
St.L.A.&T.H.
1st wk Feb
do
(br8).4th wk Jan
St.L. Iron Mt. &8.1st wk Feb
St. L. Sc San Fran. 1st wk Feb
8t.P.Minn.& Man. January...
St. Paul AS.City. 4th wk Jau
Tol.Peoria&War .1st wk Feb
Union Pacific.... 12 dys Jan
Wab. St.L. Sc Pac.4th wk Jan
57
77
45%
133,096
Flint Sc Per© Mar. 1st wk Feb
Grand Trunk. Wk.end. Jan.31
Gr’t Western. Wk.end. Jan.30
Hannibal & St. Jo. 1st wk Feb
Ogd. & L. Champ. January...
45%
70
103% 104% 103% 104
the prices bid and asked;
65%
24
181,000
1880.
$27,901
30,201
8,035
4,115
18,069
6,568
24,667
15,690
131,600
14.980
75,768
96,011
689,321
306,098
171,306
351,245
475,891
104,301
82,934
199,157
189,459
59,943
23,257
70,238
34,926
49.856
25,018
647,671
450,476
28,549
446,617
17,361
242,78$
236,685
2.024,812
37,014
18,069
16,112
9,727
74,737
14,106
64,332
294.909
2,593.613
81.843
30,201
24,652
12.644
121,186
51.270
3,731
15,314
93,303
46.284
19,013
180,239
29,435
23^563
25,495
21,031
299,000 v. 222,000
216.151
183,292
7,373
*37,208
50,792
85,809
135,492
730,066
do
(Iowa).. January... 119,421
104,301
Indiana Bl. &W..January...
80,498
82,934
lilt. Sc Gt. North.. 1st wk Feb
30,800
37,339
K. C. Ft. S.Sc Gulf.3d wk Jan.
24.125
12,041
Kans.C.Law.&So.3d wk Jan.
8,563
5,336
K. C. St. J. & C.B.3d wk Jan.
25,663
22,683
Little Rk. & F. S. January...
49,856
25,018
Louisv. & Nashv..4th wk Jan 214,000
158,964
Minn.& St. Louis.3d wk Jan.
8,457
6,974
Mo. Kans.&Tex..lst wk Feb
79,290
48,335
Mobile & Ohio
1st wk Feb
48,408
42,199
N. Y. Cent.dc Hud.January.. .2,593,613 2,024.812
Northern Pacific.January...
81,843
37,014
46%
801
67%
24%
225,308 3,091,808 2,921,061
~
861,656
15,351,18412,813,770
289.571 3,606,425 3,176,370
20,132
317,822
280,348
Chic.&Nortliw. ..January... 1,135,000 1,009,321
$8“
70%
74
73%
145
102% 103
P
.December.3,453,925 2,605,296 34,620,279 31,636,734
1880.
1879.
Atchison Sc Neb..2d wk Jan. $15,695
$8,065
Atch.Top. & S,F,.4th wk Jan 142,500
93,250
Bur. C. Rap. & N.. 1st wk Feb
41,097
23,903
Cairo & St. Louis.4th wk Jan
7,192
5,095
Central Pacific.. .January.. .1,223,000 1,089,166
Chicago & Alton. 1st wk Feb 129,239
75.992
Chic.Cl. Dub.& M.lst wk Jan
9,016
7,982
Chic. & East. Ill..1st wk Feb
19,307
16,048
107%
78% 78%
40
103% 104
22
SO
25
40%
Sntro Tunnel.
Union Pacific..
Wab.St. L.& P.
do
pref.
West. Un.Tel.
are
22
13,928.479
..
Phila. & Erie
December. 304,056
Phila. & Reading.December. 1,442,587
Pitts. Cin. & St. L.December. 349,989
Scioto Valley
December.
30,379
48% 49
12
12%
ST
pref.
These
120
30%
40% 41%
1st prf.
St.P.A8ioux C.
*
Pennsylvania
55!
Bt.L.I. M.& So.
St.L. & 8.Fran,
do
43%
69
68%
81% 82% 82%
82% 82J ■ 82% 82-;
S3
pref
do
do
66%
33% 84%
102% 103%
a*
56
67
44%
70
39
'
32%
Feb.
22
21% 22
22]
32
29% 29% 29% 29%
*23
25
23% 24 *23
107% 107% 107% 108 107% 107%
144% 144% 144% 144ft 144% 144
77% IV/ 76% 78^ 78
78
102% 102% 102% 102y
102% 102:
80% 89% 89% 89% 88% 90'
89% 90
104% 104% 104
104% 104 104
104% 104%
0
150
*49% 150
*49% 150
*49% 150
50
0
50% 50
50%
50% 50% 52%
5
75
76% 76% 75% 76
76
76
21% 24
22%
0% 21% 21% 22
73% 74%
73%
m 72% 70%
83% 86
83% 84%
83%
69% 70%
74
74% 74
104% 104% 104% 104% 103% 103% 103% 104
72
66
42
1?* SP1
21%
33% 34%
35% 33% 34%
34% 34
103% 104% 103% 104% 103 103%
Louisv.&Nash 119
119% 119% 120
119% 120
Manhattan.... 4S
48% 50% 48% 49%
Mar.& C.lst pf. 12
13% 12% 18%
do
2d prf.
m 10%
Mich. Central.. 89% 90% 90% 90-M
Mobile &Ohio.
1% 21%
Mo. Kans. & T. 46% 47
4% 46%
45% 47“
Mor. & Essex.. 103% 103% 103%
103% 102% 103%
Nash.Ch.&St L 84% 86
86
87%
New Cent.Coal 23% 26
24
24%
N.Y.C.&H.R. 131% 131
131% 131%
N.Y.L.E.&W. 47% 48;
do
68ii
'—Latest earnings reported.—»/—Jan. 1 to latest date.-%
Week or Mo.
1879.
1879.
1879.
1879.
Kansas Pacific...4th wkDec $131,752
$76,376 $4,873,729 $3,739,260
Mobile & Montg.. December.
82,580
88,648
703,407
679,260
Nashv.Ch.&St. L.December. 185,653
149,552 1,800,877 1,631,682
N.Y.L. Erie &W.. November. 1,515,835
1.381,391 15*110,876
Friday,
18.
Feb. 12.
si
42% 42%
68% 69%
80% 81%
&
8* fl*
2i%
*30
g*
do
follows:
Tuesday, Wednesd. Thursd’y,
Feb. 9.
Chic. AN. W..
as
165
2,925
48.445
684,215
427,332
241,980
180,239
98,659
118,801
98,412
115,938
299,000
780,447
222,000
571,197
19.67 L
9,645
78,928
Exchange.—Foreign exchange is firmer, and with the moder¬
ate
snpply of commercial bills the leading bankers advance
posted rates^to 4 84and4 86^. On actual business to-day
rates were about 4 83^6 for 6C-days bankers’
sterling, and
tieir
jear
tie
86 for demand.
Cable transfers 4 86/6.
The following were the rates of domestic
ork at the undermentioned cities to-day :
High.
78*2
89 78
exchange
on
New
Savannah—buying,
75
100*4
premium ; Charleston, very scarce, 15 bid;
26 111*8 134*2
29 343s 82*8
50
34,746 75*4 Jan.
25
and Boston
* b.
0
do
do pref.
1,075 100% Jan.
103*2 Jan. 30 74% 102% 1 )c. discount.
Chicago & Northw... 22,985 88*2 Feb. 11 92% Jau. 12 49 5r 94*2
do
do pref.
8
1,870 104 Feb. 10 107% Jan.
76 7b 108
Quotations for
are as follows :
Chic. Rock IkI.A Pac.
200 149
Jan.
2 153*2 Jan. 10 119
150*2
Col. Chic. Sc Ind.Cent
2
27,910 20*2 Jan.
0
25*8 Jan. 26
28
February 13.
60 days.
Demand.
Del. Sc Hudson Cana'
10,306
70*8 Feb. 12 78*4 Jan. 10 38
89*8
Del. Lack. & Western 101,150
S3
Jan.
2
88
Jan. 10 43
94
j
4.85 34@4.86*3
4.83*4 n 4.84
Hannibal & St. Jo...
42
2
14,825
Jan. 29 13*4 41*2
33% Jan.
(
4.82%@4.83*4
do
4.85*4@4.85%
do cpref.
64
Jau.
7
7,700
72% Jan. 30 34
70*8 (
4.82 @4.82%
4.84%@4.35
Illinois Central
2 105*2 Jan. 21
2,302
99*2 Jan.
79*4 100% j
4.81 *2®4.82
4.81 @4.84*3
Kansas Pacific
805
87
Jan.
2 108
Jan. 19
9*8 92 *2 ;
5.22 *2 ®5.20%
5.20
Lake Erie Sc Western
@5.18*3
2
9 *16
20*2 Jan.
46,350
35*2 Feb.
28*2 i
5.23%@5.21*4 5.20' @5.18%
Lake Shore
5 105*8 Feb.
98*8 Jan.
2
43,365
67
108
g
5.217g@5.20
5.1938®5.17*3
Lonisville &Nashv..
5.165
8 134
Feb. 13
86*8 Jau.
35
89%
397b@ 40*8
40*8® 40%
Manhattan
48
56
Feb.
7
Jan.
3 35
12,303
72*4 1
94 %@ 947e
95*4® 95*3
Feb.
2
Michigan Central....
15,638
88*4 Feb. 11 93
73% 98
94 %@ 947g
95%® 95*3
Missouri Kan. Sc Tex. 124,580
32
Jan.
2
49*4 Jan. 27
538 35% i
94%@ 947s
95*4® 95*3
Morris & Essex
6 105
Jan.
9 75*8 104*2
1,270 L01 % Jan.
t
94%® 947a
95*4® 95*3
Nashv. Chatt. & St.L.
76
Jan. 21
62,145
95% Jan. 16 35*2 83
N. Y. Cent. Sc IIud.K.
Jan. 31 135
Jan.
8 112
9,172 129
139
0
N. Y. Lake E.& West. 292,608
5
4178 Jan.
487s Feb.
21*8 49
The following are quotations in gold for various coins:
do
11,990' 6758 Jau. 20 737s Feb.
2
pref.
37*2 78*8
Northern Pacific
36
9
Jan.
14
31*4
Feb.
5,016
116
83
@$4 86
Dimes & *3 dimes
40*2 8
99 %@ —par.
do
53
Feb. 10 60
Jan. 13 t44*4
pref.
8,176
65
>
81 @ 3 87
Silver *43 and *38
99 %@ —par.
Ohio Sc Mississippi...
5
20,920
2878 Jan.
32% Jan. 27
7% 3338 J
75 @ 4 80
Five francs...
92
@ — 95
Pacific Mail
5 43% Jan. 17
36% Jan.
44,270
103s 39% i
92 @ 4 00
Mexican dollars.
89
@ - 90
Panama
168
Jan.
2 184
Jan. 31 123
182
S
70 @16 00
English silver ... 4 70 @ 4 80
Phila. & Reading
O
16,100 64 Feb. 11 723g Jan.
a
55 @15 65
Prus. silv. thalers
66 @ - 69
St. L. I. Mt. Sc South.
2 61'% Feb. 13
49*8 Jan.
13
56
81,781
F
i3%@ i 14*4 Trade dollars.
99*3
St. L. & S. Francisco.
40
5
48
Jau.
Feb.
2
1,450
F
3*8 53
par.@*4Prem. New silver dollars — 99%@ par.
do
2
49*4 Jan.
2
pref.
3,660
5934 Feb.
60*2
do
1st pref.
2
79
Jan. 24
1,410
68*2 Jail.
Boiton Bank*,-The
78*2
following are the totals of the Eoston
Union Pacific
0 9738 Jau. 19
6,053
84*2 Jau.
88% 95
h
u inks for a series of weeks
Wab. St. L. & Pacific
past:
2
48
Jan. 27
42*2 Jan.
36,365
4*8
do
65
65.700
2 725s Jau. 27
Jau.
pref.
9%
Loans.
Specie.
L.
Tenders. Deposits.* Circulation. AgK.CIear.
Western Union Tel.
6 105
Jan. 19 57% 116
11,170
99% Jau.
*
1870.
$
S
4.375.200
42,945.000
3.531.200
*
129.447.200
26,981,400
44.012.556
Range from Sept. 25. t Range from July 30.
127.747.900
3.304.200
4,182,000
43.340.700
27.117.800
47,305,866
3,347,000
127.793.200
4.180.900
43.853.300
27.197.500
44.032,820
43.604.300
The latest railroad earnings and the totals from Jan. 1 to latest
3.267.100
4,034,000
126,748.000
27,370,91X1
48,392.1:8
126.027,300
3.271.400
44,52*4,800
4.379.300
27.545.100 '45.566.856
dates are given below. The statement includes the gross earn¬ Oct.
126.225.100
4.838,000
45.828.300
3,202,900
27.836.200
57.139.771
126.903.100
27.973.fXX)
3.251.100
4.931.500
47,210.000
55.617.716
ings of all railroads from which returns can be obtained. The
128.015.000
4.582.900
3.254.200
48,063,400
28.140.300
64,281,244
columns under the
130.491.300
4.528.800
48.907.100
1 to
date” furnish the
28,372,700
3.246.300
66,499.862
49.152.400
28.557.300
4.480.500
132,056,100
3,215.000
65.241.372
gross
1 to, and
period men¬ Nov.
133.491.100
3.245.400
4.370.200
51.108.100
29,041.000
69.360,177
tioned in the second column.
3.892.800
51.724.400
29,311.1
(X)
132.427.100
3.300.800
71.78fi.586
3.347.200
3.540.700
131.932.200
50.769.100
29.554.300
70.365.582
-Latest earnings reported.-Jan. 1 to latest date.3.594.900
3.572.800
50.085.200
131,484.000
29.865.300
Dec.
56.107,558
Week or Mo.
131,646,000
3.474.900 50,802.500
30.289.000
3.682,600
1879.“
09,074,935
1878.
1679.
1878.
130.931,700
4.329,000
50.137.300
3,014,800
30.607.100
Ala. Gt. Southern. December.
65,753,821
$53,478
$33,555
$
$
3.865.300
49.842.700
4.265.400
30.867.500
130.656.100
62.129.120
Atl.&Char. Air-L.December.
96,815
66.423
777,298
629,278
51.019.806
132.221.900
4.125.400
3,856.360
49,048,100 31,096.300
581
136
Jan.
-16,selling 3-16@M
Louis,
discount; Chicago weak,
2 152
Jan.
5
80*2 Jan.
Chic. Mil. &8t. P....
discount;
foreign exchange
.
•
5
J
t
—
—
>
—
—
—
-
.
heading “Jan.
earnipgs from Jan.
latest
including, the
Atl. & Gt. West...December. 400,853
288,542
Carolina Central .December.
49.080
37,779
Ches. & Ohio.. ..December.
137,769
179,161
Chic. Burl. *fe Q.. .November. 1,327,679 1,296,081
Dakota Southern.December.
9,913
19,060
Frank.&Kokomo. December.
3,406
3,747
Gal.Har.AS. An.November. 135,716
146.406
Houst. & Tex.C...December. 382,230
3S0,477
1,936,537 1,908,235
13,341,547 13,042,978
40,896
38,397
3,205,685
2,920,997
Feb.
*
133.827.200
3.941.400
134.991.300
137.132.900
3.813.300
139,165,600
139,816,800
141,215,000
3.857.100
3.970.300
4,374,800
3.822.800
4,693,400
5.418.900
5.362.900
5.435.700
50.379.600
50.866,800
5.329.300
4.826.300
53.742.200
51.882.200
52.651.000
55.016,200
31.101.800
06.267.539
31.280.300
31,330.00!)
71,705.752
31,385,900
31.240.200
31,081,500
Other than Government and hanks, less Clearing-House checks
74,242,072
03.069322
6P.237.794
70.281.400
166
THE CHRONICLE.
[Vot. XXX,
New York City
Banks.—The folio wing Btatement shows the
condition of the Associated Banks of
New York City for the week
ending: at the commencement of business
on Feb. 7,
1880:
Average
Banks.
Capital.
Loans and
discounts.
PHHii»8LP^Ci, «5te.-Continued.
SECURITIES.
Bid. Ask.
Manchester A Lawrence....
amount of
Net dept’s
Legal
Specie.
BOSTON,
other
Tenders. than
U. S.
Circula¬
tion.
Nashua A Lowell
New York A New England..
:i'3%
Norwich A Worcester
131%
31%
*
2,000,000 4,745,000
Manhattan Co... 2,050,000
6.396.100
Merchants
2,000,000
7.184.300
Mechanics’
7,138.000
2,000,000
Union...,
1,200,000
4.598.500
America
3,000,000
8.313.300
Phoenix
1,000,000 3,366,000
City
1,000,000
6.617.300
Tradesmen’s
1,000,000
3.108.700
Fulton
600,000
1.615.200
Chemical
300,000 12,553,100
Merch’nts’ Exch.
3.608.600
Gallatin Nation’l 1,000,000,
1,000,000
4,093.200
Butchers’ADrov.
300,000
1,334.900
Mechanics’ A Tr.
200,000
867.000
Greenwich
200,000
993.300
Leather Man’f’rs
600,000
2,965,000
Seventh Ward...
800,000
921,000
State of N. York.
800,000
3.072.500
American Exch..
5,000,000
14,263,1-00
Commerce
5,000,000 14,440.600
Broadway
1,000,000
5.321.600
Mercantile........ 1,000,000 3.882.600
Pacific
422,700
2.168.600
Republic
1,500,000
5.594.300
Chatham
450.000
People’s
North America..
Hanover
Irving..:
Metropolitan
700,000
1,000,000
500,000
....
Citizens’
Nassau
Market
St. Nicholas
Shoe A Leather..
Corn
412,500
Exchange..
Continental
Oriental...
3,000.000
600,000
1,000,000
500,000
500,000
500,000
1,000,000
1,000,000
300,000
400,000
Marine
Importers’ & Tr.. 1,500,000
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
N. York County..
Germ’n Am eric’n
Chase National..
2,000,000
500,000
240,000
250,000
3,200,000
2,000,000
300,000
750,000
500,000
1,000,000
300,000
250,000
200,000
750,000
300,000
$
do
$
513,000
2,067,000
625.200
966.500
177.200
260,000
536.000
331,000
210.700
335.300
74,000
1.177,000
1.183,000
1,062,300
2,148,800
263,000
3.398.100
61,100
120.900
240,000
423.500
400.600
653.200
164.700
406.900
299.600
178.400
58,000
230,000
83,000
10,400
507.300
108.400
400.700
252.100
194.500
133.100
152.500
730,000
2,082.000
4,095,200
727.300
3:12.000
706.400
486.700
364.500
144.300
305.900
145.800
651.900
577.700
749.500
129.600
9,605,000
4.331.800
5.657.500
5,945,000
4.110.800
5.631.400
2,723,000
7.129.600
2,044,500
1.243.700
2,913 300
1.177.300
975,000
990.300
2.412.300
893.300
2.192.500
10,730,000
10.269,800
4.095,400
3.687.300
2,322.000
44,500
133,000
1,100
2.234,6oe
2.629.200
1.975.400
3.685,0oo
3.704.500
5.138.800
128.900
431.100
136.800
780,000
87,700
77,800
225.700
291,000
75,000
321.500
295.400
207.300
927.800
1.573.800
22.900
3.290.000
501.000
19,012.300 4,709,000
15,623,900 3,295,000
867.500
106.500
869,100
1,018.300
17.296,000
8,443,000
2,718,000
5.058.200
13.789.000
7.410.000
1.297.100
1.353.000
1.260.700
2.220.300
2,984,600
259.000
04,200
656,900
118.000
77,100
1,231,100
766.000
170.000
540.000
1,242,000
2.634.100
1,815,200
168.700
40.000
24,600
226.300
480,000
1.421.200
3,379.000
20,612,500
112.800
878,000
2.121.700
5,104,000
474.600
636.000
20,000
2.996,000
2.097.800
1.523.400
4,012,000
317,000
279.100
351.400
92,300
290.000
329,800
119.700
260.600
17.715.300
755.500
803,200
10,920,400
7,171,000
2.840.000
5.248.200
13,622,000
7.745.700
981.000
1,072.000
1,326,000
1,981,000
3,024,300
Loans.
8ept. 1
“
“
8
15
22
Lawful Money. Deposits.
$
62.784,728
62,880,284
16,539,218
10,509,557
62,550,008
10,014,554
17,377.438
02,749.828
$
51,505,795
51,580,453
40,009,121
Rutland, preferred...........
Philadelphia
11,500,647
11,510,320
11,568.056
11,788.858
11,795,906
11,814,680
11,853,039
11,878,284
11,885,099
11,875,666
11,871,878
11,890.480
11.932.035
11.992.523
11.985.600
12,011,733
12.021,260
Pac. 1st
do
do
do
do
255,500
195,000
2,700
5s, cur.,reg
5s, new. reg., \S9M9tt
68,10-15, reg., 1+77- 82. 101%
«», 15-23, reg., 1882-g
-••••• —
4.600
354.300
1.097,300
532.300
354,800
224.400
810,000
l,483,0U0
269,000
597,900
450,000
800,000
267,200
225,000
180,000
270,000
35.100,893
38.264.123
38.061.706
42.733.257
44,106,759
52,253,037
54,600,178
•
•
v»v.
120
Allegheny County 58, coup...
Allegheny City 7s, reg.
Pittsburg 4s,coup., 1913.....
95
QO
OU,U»|l6»fAwvi/w
Camden County 6s, coup
Camden City 6s, coupon
do
7s, reg. A coup.
Delaware 6s. coupon
Harrisburg City 6s, coupon..
do m. coav. g., r^g.,'94
106
do mort. gold, ’97—
104% 105
do cons. m.7s,rg.,19U 102
102%
...
Morris, boat loan,
....
49
49
••
do
51%
66%
pref.
12
10
...
.
•
•
•
•
51**
. .
Little Schuylkill
liinehlll
Ne$ quehonlng Valley
Norristown....
North Pennsylvania
•
Pennsylvania.
•
•
•
51%
Philadelphia A Erie....
17*
Pniladelphia A Read ng
32%
155
Philadelphia A Trenton
Phtla.Wmning. A Baltimore.
*20%
Pittsburg Tltusv. A Bun
Dt. Paul A Duluth R.K. Com
do
do
pref.
....
United N. J. Companies
150
West Chester consoLpref....
West Jersey
....
CANAL STOCKS.
Chesapeake A Delaware
*40
Delaware Division
Lehigh Navigation
30%
Moms
do
pref
•
•••
•••
Pennsylvania...
Schuylkill Navigation
do
pref...
Susquehanna
109
112
110
103
109
110
115,
118
114
118
115
120
110
120
116
120
110% 111
110
119
do
iU*
6s,exempt,VS.M.&8
0s, 1900, Q-J
68.1902, J.A J
do
5h, 19.6, new
Norfolk water, 8s
103
52
52
32%
20%
36
70
RAILROAD STOCKS.
Balt. A Ohio
do
do
do
do
Par.
100 153
1stpr«f
2d prtf
154
115% 117
105% 107
Wash. Branch.100 150
Parkersb’g Br. .50
Northern Central..
Western Maryland
Central Ohio
*8
5
33
50
50
50
33%
8
9
39
49
38
47
Pittsburg A Connellsville..50
RAILROAD BONDS.
Balt. A Ohio 6s, 1880, J.A J....
do
6s, 1885, A.AO.
N. W. Va. 8d
m.,guar.,’85,JAJ
Plttsb.A Connells v.7s,’98,J A J
Northern Central 6s, *85, jAJ
do
6s, 1900, A.&o.
do
36% Cen. Ohio 6s, gld, 1900, J.AJ.
6s, 1st m.,’90,M.A 8.
W. Md. 6a, 1st m., gr.,*90,J.AJ.
do
1st m., i89U, J. A J...
do 2dm.,guar., J.A J—
156%
.
100% 102
108
110
105
109
113%
107%
115
108
....
110
....
109
no
1)8
.TO
118
...
...
....
15%
RAILROAD bonds.
do
do
do
10 9%
110%
100* 107
109% 110%
.
2d m., pref
97
90
2d m.,gr. by W.Co.J&J 103
110
6b, 3d in., guar.. J.A J. III
118
Mar. A Cin. 7s, ’92, F. A A
109% 110
do
2d, M. A N
82% 82)
...
Allegheny Val.,73- 10s, 1896...
do
is, E. ext.,1910
do
Inc. 7s, end.,’94
43
Belvldere Dela. 1st m., 6s,1902. 119
do
do
52
52
56%
53%
102%
103
111
107
100
106
108
6s, exempt, 1687
6?, 1890, quarterly..
5s, quarterly
Baltimore 6a, iSS 1. quart
do
6s, :8S6, J.AJ
do
6s, 1899, quarterly...
do
6s, park, 1990,Q.—M.
do
6s, 1893, M. AS
ao
80
coup.. ;9i8 .*
do
do
...
33
51
pref..
do
80
80%
boatAcar,rg.,19i3
boatAcar.ig.,19i5
25
BALTIMORE.
Maryland 6s, defense, J.A J..
3i%|
16
ao
....
Joy A Lancaster.
Huntingdon A Broad Top...
Lehigh Valley.
6s, reg., 1907
do 6s,
do 7s,
....
Susquehanna 6s,
Williamsport.......
Har. P. Mt.
80
m.
Pennsylvania
reg., 1885..
Pennsylvania 6s, coup., '.910..
8chuylk. Nav.lst rn.6s.rg-,’97. 102%
do
2d
....
•
do
115
Chesap. A Dela. 1st6a, rg..’86
Delaware Division 6s, cp.,’78.
Lehigh Navlga. m., 6s, reg.,’84 107
do
mort. BR., rg .’97 109%
....
15
Catawlssa—.
do
pref.....
do
new pref
Delaware A Bound Brook.... 100
do
lio
6s, cp., ’96.
Western Penn. RR.
6s,cp. 1899 105
do
6b P. B.,’96 102
**'
East
6s,deb.,coup.,’8f,
1st m.
1st m. 7s.’99
CANAL BOND8.
5s, reg. A cp.,1913
6s, goldreg......
7s, w t’rln.rg. Aco 116%
do -7s, str.imp.. reg.,’88-86. 108
N. Jersey «s, reg. and coup..
do
exempt, rg. A coup.
Elmira A
m
do
do
do
as
121
do
do
do
RAILROAD STOCKS.f
Camdeu A Atlantic.
do
do
pref
103%
108
cons.
West Jersey
•
...
banks
30,002,487
33.978,321
106%
•
900.000
758,600
....
ioY%
•11
113%
'90%
.
il*-
630.000
450,000
450,000
-
....
•
1,440,900
450,000
.
.
471.100
37,000
443,300
• •
•
90
,6s, g.,1905 106%
ra.,6s,g.,1905 93
98
lnc.Al. gr ,7s 1915
Union A Tltusv. 1st m.
7s, ’9C. "87
United N. J. cons. m. 6s,’94..
Warren A F. 1st m.7s, ’96
101
102
West Chester cona. 7a, *91
118%
do
'
•
'67
Sunbnry A Erie 1 st m. 7s, ’97..
Pyra.Gen.A CornV,l8r,7s,l«,G
Texas A
8TA.TS AND CITY BONDS.
688.700
209 700
3.900
*
PHILADELPHIA.
670.100
179.700
*
110
00
***•
Penna. 5s, g’d, lnt.,reg. or cp.
Circulation. Agg.Clear.
$
11,445.171
85
118
Vermont A Massachusetts..
Worcester A Nashua
791,800
60,375,200 290,381,600 52,994,600
10,437,900 264,404,200 21,683,200
'lhe deviations from
returns of previous
week are as follows :
Loans and discounts
Tnc. $7,187,100
| Net deposits
Specie
Inc. $4,728,300
Inc. 2,681,800
Legal tenders...
Circulation
Inc.
Dec. 2,148.100 j
153,300
The following are the totals
for a series of weeks
Loans.
past:
8pecie. L. Tenders.
1879.
Deposits. Circulation.
$
$
Agg.Clear
$
Jan. 3.... 278,706,200
$
$
$
Jan. 10... 270,116,100 48,282,100 12,723,500 242,087,100 23,748,000
Jan. 17... 276,990,900 51,473,500 14,097,800 246,995,600 23,812,900 604,197,943
Jan. 21... 280,068,600 53.558.600 15,914,200 253,731,900 21,635,900 657,695,260
Jan. 31... 283,194,500 51,832,200 17,143,500 257,483,700 21,662,900 787,728,198
Feb. 7... 290,381,000 50,312,800 18,586,000 259,675,900 21,529.900 743,125,031
52.994.600 10,437,900
264,404,200 21,683,200 772,125.031
Note.—With December 27 the
720,978,130
Grocers’ Bank disappeared
from the list.
Philadelphia Banka—The
totals of the
are as follows:
*
07
...
116% 117
.
101%
do
deb. 7s. cps.oC
do mort.,
7s, 1892-3
Phlla. Wllm. A Bait.
6s, ’84
Pltts.CIn.ASt. L. 7b, cou.,1900 112
do
do
7t, reg., 19 t
8hamokJn V.A Pottsv.Ts, 1901 108
Steubenv. A Ind. 1st, 6s, 1884.
Stony Creek 1st m. 7s i907....
Sunb. Haz. A W.,lst
m..5s,’23, 83
32
79
614,000
3.456.300
2,011,500
2,084,000
•
112% 112%
Pulluna » Palace Car
Pueblo A Arkansas.........
400
560,200
Bid. Ask.
Phi). A R. cons.tn.68jr.U911. 106
do conv. 7s, 1893*
do
7s, cons, off, ’93 64
Phll.AH.CoalAlron aeb. 7s,92
106
13.630.900
2.347.500
.
pref.
Colony
495,000
1,125,000
3,646,000
3.669.600
400,500
1.820.400
92.000
1.238.800
5,400
2.110.500
246.000
103,000
2.054.300
7,209,000 1,185,900
529.500
6.948.900
800.000
2,098,5ou
293.900
334.900
2.476.500
436,400
11,715.000 2.095.000 1,188.000 11,271.000
45.000
1.977.200
235.500
272.300
Total
1879.
Old
$
52%
90
Ggdensb. A L. Champlain
$
New York
SECURITIES.
145
115
53
117%
44
do
8s, 3d, J.AJ
50%
Union RR. *.st, guar., J. A J.. 108
do
Can;on endorsed.
2dm. 6s.’85.. 106
do
3d m. 6s, ’87.. IO0
Camden AAmboy 6s,coup,’83 103
do
6s, coin)., ’89 105% 106
do
mort. 6s, *89
111*
Cam. A Atl. 1st m. 7s. g.,1-93
Cam. A Burlington C j. 6s, 97.
Catawlssa 1st, «s, conv., Vs2...
CINCINNATI.
Cincinnati 6s, long
106
t 105
do
7s
17,500,784
Oct. 0
t 107
108
“
63,55S,250
do
17,687.922
7*30s
13
t 117%
“
64,706.995
do
17,235,369
South. RR. 7*308.t 119
20
120
54,709355
“
65,942,232
do
16,240.119
do
27
6s, gold t 106
107
54,812,858
60,274.801
Hamilton
15,839,404
105
Nov. 3
Co.,
O.,
6s.
long...t
54,586,094
66.337,415
ao
15,185.160
10
7s, 1 to 5 yrs..t 103
54,187,213
do
chat. m.,10s,’88
“
66,680.258
14.851.359
do
7 A 7*30s, Iong.t 107
51,527,260
1?
no
53,561.853
do
new 7s 1900
05,977.180
o«
Cln.A
14,616.427
5f.901.998
Cov.
112%
as on.) on
Bridge st’k, pref. 130
24.
52,696,026
65.30-2,671
Connecting 6s, 1900-1904......
Cln.
Ham.
A
14.491.491
D.
55.027,309
1st
m.
52
Dec. I
'
7s, ’80 + ltO%
342.762
“
64,581,278
do
14.958.053
46,780.676 Chartiers Val., 1st m. <a,C.,190.
2dm. 78, ’851 102
8
52.653.503
“
64.650.163
Delaware mort.,6s, various..
Cln. Ham. A Ind., 7s,
15.049.003
43.148.041
15
52.113.471
guar....1100 101
Del & Bound Br.,1st, 7s, 1900 110
“
64.386,503
14.977.274
64.548.184
22
116% Cin. A Indiana 1st m. 7s
52,197.356
+ iv5
105%
Penn. 1st mort. 7s, ’88
“
East
64.724.368
14.754.053
do
50,885,477
2d m.7s,
29
51.582,397
’r7..+jJ00
El.A W’msport, ifct m., »s,’60.
64.775,731
Colum.
A
14,447,092
50,800,337
1880;
Xenia, 1st m. 7s, ’iWj+iOO
51.203.835
do
%
5s,perp
42.399.082
Dayton A Mich. 1st m. 7s. *81+1101% 102
Jan. 5
“
64.331.710
Harrisburg 1st mor*. 6s, ’83
15.663.259
do2d m. 7s,’84.f!l02
12
52,606,250
“
12.059.841
T.1st
64.696,423
B.
m.
7s,
gold, ’90. 115
15.802.394
45.951.614
do
3d m. 7s, ’88+ 101
19
52.898,593
“
do
2d
m. 7s, gold,’95.'104
65,164.061
12.072.760
50.218.107
16.417,981
Dayton A West, lstm., ’01...+
26
54.300,797
64,655.160
12,082,360
do
3dm. cons. 7e, ’93*
16,931.434
50,508,285
do
Feb. 2
1st m., 1905.+
54.306,700
04,972.032
12,073.093
IthacaA Athens let g d, is.,’SO
“
17.213.347
50,955.546
do
1st m. 6s, I9ui +100
9
54.503.582
65.070,329
12,068.233
Junction
1st
mort.
42.963
<H,
’82
ind.
541
17,120,173
Cln.
A
Laf.
*.st
m. 7s
54,672,059
12,076.263
do
2d mort. 6a, 1900 .......
48,053.960
do
(I.AC.) lstm.7s,’8K+105
Lehigh Valley, lst,6s, cp., 1896
Little Miami 63, '83
117
10 i
+ '~‘
do
do reg., 1893... 116
AND
118% Cln. Ham. A Dayton stock.
70
71
do 2 i m. 7s, reg., 1910.. 1125
Columbus
A
Xenia
stock...
125%
122% 125
do
con. m.,6s,rg.,1923 111
SECURITIES.
Bid. Ask.
A Michigan stock..
Dayton
£0
51
do
do
SECURITIES.
6s,« p.,19,3 110
do
111
8. p.c. st’k,guar 115
Bid. Ask.
Little Schuylkill, 1st m.7s.’82
Little Miami stock
119
120
Old Colony, 7s
North. Penn. 1st m. 6s, cp.,* 85. 109
BOSTON.
111
Old Colony, 0s
do
LOUISVILLE.
2dm.7s,cp.,’96.
117
Omaha
A
b.
Louisville 7s
do BCU.
uu
Atch. A Tcpeka 1st m.7s
gen. 1U.
m. 7s,
ID, vp.,
115
cp., i-w.
1903. **-«*
103
Western,
8s
108%
Pueblo
A Ark.
do
114%
do
do
6s, ’82 to ’87
+ 103
m.7s,reg., 1903
land grant 7s
Valley, 7s
103%
110% 110% Oil Creek gen.
115%
Rutland
115%
do
1st
m.
do
63,1st
6s,’97
to’9i
mort
7s,
2d 7s
coup.,’82. 100
t 103
99
101
103%
135
Vermont a Canada, new
99% rlttsb. Tltusv. A B., 7s, cp.,*96 88
do
water 6a,’87 to’89.+ 103
do
land Inc. 3s.. 109
103%
Vermont A Mass. RB., 6s 8s..
do
Boston & Maine 7s
do
water stock 6s,’97.+ 1(3
scrip....
103%
do
Pa.AN.Y.C. A BB.7s,l8W
boston a
wharf 6s
121
..+ 103
Albany 7s
103%
do
arnnra
do
Pennsylv., 1st m., 6s, cp., *80.. 102
spec’l tax 6s of ’89.+ 103 103%
6s
112
LoulMville Water 6a, Co. 1907 + l(’3
Boston A Lowell 7s
do
Atchieon A
gen. m. 6s, cp.. 1910. 115
Topeka
142
103%
Jeff. M.Al.lst m. (1AM) 7b,’81
do
At.hlso i A Nebraska
142%
do
gen. m. 6s, rg., 1910. 117%
6s
t 100
101
70% 77
do
Boston A
do
cons. m. 6?,
Boston A Providence 7»
2dm., 7s
1 Il3
rg., 1905. 112%
Albany.
1(4
141
122%
12
4
Burl. A Mo., land grant.
Boston A LoweL*
do
cons. m. 6s. cp., 1905.
do
1st m.,7s, 1906....+
7s.... 114%)....
112% 713
92%
Boston A Maine
do
Loulsv.C.A Lex. 1st m.78,’97* 112% 113%
do
Navy Yard 6s, rg,’81
Nebr. 6s [Ex
119%120
107% 108
! Boston A
Louis.A Fr’k.,Loulsv.lnf6s,*8i 112% 113%
do
Penn.Co,63. reg
Nebr. 6s
Providence
104%
130
102
Loulsv. A Nashville—
Conn. A Passumpslc.
Perklomen 1st m.6s,coup.,’9i
,102% iBurlington A Mo. In Neb
7s, 1S9J.
141
142
Phlla. A Erie 1st m.6s, cp.,’8i m
Leb. Br. 6s, *86
Cheshire preferred
Eastern, Mass., 4^s, new.
t 103
£5
103%
90
103%
*9%
'Chic. Clinton Dub. A
do
2d m. 7s, cp.,’98.
l8tm.Leb.Br. Ex.,7s,*80-85.+ 103
Fitchburg RB.t «s
115
01
Min....
Cln.
Phlla.
A
Read.
Lou.In.
do
1st m.6s, ’43-’44 ioi
do
7s
6s,
Sandusky
A Clev
’93...+
102%
103
102% Jefferson Mad. A Ind.
17% 17%
Fort Scott A Gu^f 7s
do
Concord
do
’48-.<?,
stock. 103
107
105
do
Hartford A Erie 7s
Connecticut River
2dm., 7s, cp.,9- 115
142
ST. LOUIS.
Conn. A
do
Ban. City Top. A
dcben.,
cp.,’23*
Passumpslc
YV., 7s, 1st
St. Louis 6s, long
t 105% 106%
do
do
Eastern (Mass.)
do
do
'xlxjt
cps. oh.
do
water 6s, gold
W7K 40
K. City Lawrence A 7s, Jnc..
Eastern (New
do
t
1882
scrip,
85
So. 4i... 85%- 86
88
do
Hampshire)...
do
do
Kaa. City. 6t. Jo.&C. B.
do
new.f
In.
Fitchburg
m.7a, cp.1826 89%
:s.
do
105% 109
124% 125
89%
bridge appr., g. 6s + 1C6%
Fort bcott A
Kan. * tir St. Jo. A 'J. B.
do cons. m. 7s, ep.,191!.. 115
Gulf, preferred 82% 83
In. i
do
renewal, gold, 6s.+ ioe%]
New York A New
do cons. m. 7a, rg.,1911.. 110
co
commjn.
do
Eng. 7s
63
53
112%
*113
sewer,
K. C. Law. &
g. 6s, ’9:-2-3.t 100%!
Qgdensburg A Lake Cfa.Ss...1
Southern
*
St. Louis Co.
80
I..
K. C ?t. Jo. 4k
Tn default. $ Per share.
80%
newpark,g.5«.+ 106%
Council Lloff*
do
72
cur. 7s
$ Con. to Jan.. *77. funded.
.......T|.
♦
*9.
62.639.944
52.817,043
53.224,187
54,442,046
..
..
..
h“a
....
QUOTATIONS IN BOSTON. PHILADELPHIA
OTHER CITIES.
....
...
....
-
...
...
...
...
,
.15*1.^
185*
_
.
.
.
.
And
»
-
•••
THE CHRONICLE.
1880.]
Fbekuary 14,
167
QUOTATIONS OF STOCKS AND BONDS IN NEW YORK.
ET. S. Bonds and active Railroad Stocks are
quoted
STATE
Ask
Bid.
SECURITIES.
Alabamar— Class A, 2 to 5
Class A, 2 to 5, small
Class B, 5s
Class C, 2 to 5
Arkansas—0s, funded
70
0
8
5
5
5
08!
100
109#
111
109
112# 114*
100
100
War loan
due 1887
103
112
101
106
AND
RAILROAD
111
Albany A Susquehanna
103# 105
....
Boston A N. Y. Air L., pref.
Burl. Cedar Rapids & No..
Cedar Falls & Minnesota..;
Chicago A Alton, pref...
Chic. St. Louis & N.O...
151
59
§25
115
38
504
Harlem
Ind. Bloom. & Western..
Intern’l & tit. Northern....
122
158
«-
§41#
83
Keokuk & Des Moines
do
do
pref.
Lone Island
Loufsv. N. Alb. & Chicago..
§70
112#,
Metropolitan Elevated
122
N. Y. Elevated
N. Y. New Haven & Hartf.
150# i 157
N.'Y. Ontario & Western...
20# 27
do
do
pref.
§25
Ohio Central
Ohio & Mississippi pref
109#
Peoria Decatur A Evansv..
§22#
Pitts. Ft. W. & Chic., guar, 110
do
do
spec’l. 110#
§120
Rensselaer & Saratoga
24
Rome Watertown A Ogdi..
Stoningt.on
Terre Haute A Indianapolis
Toledo Peoria & Warsaw..
United N. J. RR. & Canal..
155
158
Miscellaneous St’ks.
Adams Express
American Express
United States Express...
Wells. Fargo & Co
American Coal
i.
Boston Land Company..
Boston Water Power
Canton Co., Baltimore
Caribou Consol. Mining.
Central Arizona Mining
Central N. J. Land Imp.
Climax Mining.
Consolidation Coal of Md..
Cumberland Coal A Iron....
Deadwood Mining
Excelsior Mining
Gold A Stock Telegraph....
Homestake Mining
La Platta Mining
Leadville Mining
Little Pittsburg Mining ...
Mariposa L’d A Mining Co.,
do
do
109
50
40
58
4#
25
33
3#
§65
21
21
22
88
39*
22
&
4#
Pullman Palace Car
190
110
20
do
5
40
§39*
Quicksilver
61#
37#
Montauk Gas Coal
Ontario Silver Mining
Oregon Railway A Nav. Co.
Pennsylvania Coal
61
§10
4#
pref
199
2i#
Spring Mountain Coal
§31
Railroad Bonds.
Stock Exchange Prices.
Balt. AO.—Ist0s,Prk.b.l9l9
Bost. H. A Erie—1st m
1st mort., guar
Bur. Ced.R.A North.—1st,5s
Minn.A St. L., 1st, 7s, guar
Iowa City A West’n,lst 7s
Chesap.A O.—Pur. m’y fund
8s, gold, series B, int. def.
0«, currency, int. deferred
Chicago A Alton—1st moi
1<#
55#
57
53
89# 89#
07*<
41*
07H
42
110
Income
4108
Sinking fund
Joliet A Chicago, 1st m.
Louis’a A Mo.,1st m., guar
do
2d 7s, 1900. i66*
8t. L. Jack. A Chic.. 1st m. 4112
108#
110#
m
2d mort..
bonds, 1900
con struct’n
7s of 1871
119
113
124#
112
ioo"
Albany A Susqueh., 1st m
do
do
do
2d mort.
3d mort.
1st con., guar
Rens. A Saratoga, lst,coup
do
1st, reg.
Denv.A R. Grande—1st, 1900
Erie—1st mort., extended.
2d mortg., ext’n 5s, 1910.
3d mortgage, 7s, 1883... .
4th mortgage, 7s, 1880...
5th mortgage, 7s. 1888 ...
1st cons, gold 7s. 1920
Long Dock bonds
Buff N. Y. A E, 1st m., 1016
N.Y.L.E.AW.,nJ8d,con.,0s
do 1st, con., f, cp.,7s
do
2d,con.,f.cp.,5s,0s
102
113
1st con., g’d
Del. A Hud.Canal—1st m.,’84 104'
4107
1st mortgage, 1891
do
extended
do
Coup., 7s,’94
do
Reg. 7s, ’94 4108
1st Pa. div., couPm T’Sr 1917 113
113
do
reg., 7s, 1917
108'
ids#
104#
107#
108
111
109#
118#
lie'
101
4125'
109#
123
108#
108*'
113*
Cecllian Branch, 7s
Nashv. A Decatur, 1st, 7s.
L. Erie A West.—1st 0s, 1919
Laf. Bl. A Mun.—1st 6s. 1919
Marietta A Cin.—1st mort..
1st mort., sterling. .
do
assented
do
assent’d
Am. Dock A Impr. bonds,
do
assented
Chic.Mil. A St.P.—1st 3s,P.D
2d mort., 7 3-lft, P. D
1st m., 7s, $ gold, R. D
1st m., La C. DiV
t'st m., I. A M
ist m-, I. A D...
1st m.. H. A D
let m Cm
i
Con-
sinking fund
2d mrir-1 gage
Prices nominal.
e
106#
106
107
100#
114
108
109
124
112
113
no
11*5'
Nash. Chat. A St. L.—1st 7s.
N. Y. Central-08, 1883..
107
115
Registered. 83
Collateral Trust, 0s
Pacific RR. of Mo.—ist
2d mortgage
105#
108
0s, 1887
0s, real estate
0s, subscription
N. Y. C. A Hud., 1st
103#
103#
m., cp.
do
1st m., reg.
Hnds. R., 7s, 2d m., s.f.,’85
Canada South., 1st, int. g.
Harlem, 1st m., 7s, coup..
do
1st m., 7s, reg—
124*'
109
120"
113# 11*4*
112
112#
N. Y. Elevated—1st, 7s, 1900
109#
126
111
110
113
111#
111#
108# 109
Ohio A Miss.—Consol, s. f’d
Consolidated
2d consolidated
to.. f*nr(nefl(»Id dfv
....
+ And accrued interest.
112
TTU
49
82
50#
m
ss
92
93
92
Registered
95#
83
83#
Income. 7s
1st m., Carondelet
105#
105#
121
113
ex cp.
Bost. A N. Y- Air-L—1st ni.
Cent, of la.—1st ra., 7s, gold
2d....
Stock
118#
Income bonds
Chic. St.P.A M’polls—Jst.Os
105
Cin.
Br...
73#
do lst0s,Peirce,CAO
South Pac. cf Mo.—1st m.
Kansas Pac.—
1st m., 0s, ’05, with cp.ctfs
1st m., 6s,’90,
do
1st m..7s,Leav.br. do
1st m.7s,R.AL.G.D’d. do
1st ro.,7s,Iand gr’t,’80.do
2d mort., 7s, ’80
do
Inc. coup. No. 11 on 1910
Inc. coup. No. 10 on 1910
Den. Div. 0s ass. cp.ctf...
do
1st consol. 0s
Texas A Pac.—1st, 0s, 1905..
Lafayette A Ch.—1st
m
Cin. A Spr.—1st, C.C.C.AI.,7s
1st m.,g’d L.8. AM.8.,7s.
72#
Denver
Pac.—1st,7s,Id. gr.,g
73#
Brie A Pittsburg—1st m., 7s
Con. mortgage, 7s
03
0C
70
100# 103
7s, equipment
Evansv. A Crawfordsv.—17s.
Flint A Pere M.—8s, l’d gr’t
Consolidated 8s
Stock
Galv. Hous.A H.-7s, gld,’71
Gr’nd R.AInd.—lst,7s,l.g.gu
1st, 7s. Id. gr., not guar...
Gr’nd It.AI.—1st, ex l.gr.,7s
Hous.A Gt.N.-lst,7s,g. 1900
Indianapolis A St.L.—1st, 7s
Consol. 6s. 1005
Income and land gr’t, reg.
Pennsylvania UR—
Pitts.Ft.W.A Chic., 1st ra.
do
do
2d m..
do
3d m..
do
Cleve.A Pitts., consol., s.f.
Indianan.A Vine.—1st,7s, gr
International (Tex.)—1st, 7s
Int.H. A Gt. No.-Conv., 8s.
Kansas A Nebraska—ist m.
2d mort
70#
Long Island—1st mortgage.
N.Y.AGreenw. L.—1st,7s, n.
do
2d
4th mort...
N. J. Midland—1st, 7s, gold.
Col. Chic. A I. C., 1st con.,
do
2d con...
;
do lstTr’tCo.ctfs.as8.
New Jersey 80.—1st, 7s, new
St. Joseph A Pacific—1st m.
income
do
Burlington Div..:.....
1880
2d mortgage,
Consol. 7s, 1910
Pur. Com. rec’pts, 1st. E.D
do
1st, W. D.
do
Bur. Div.
1st pref. inc. for 2d mort.
.1st Inc, for consol
00
60
103# 103#
101
493
4108
%
94#
129'
100
79
24
80
25
95
90
108# no#
99
80
102
75
105
103
104
90
80"
no
42
82
55
85
57
111
106
05
00
24# 20#
25# 27#
83
95
90
-
38#
+90
90#
10ft
100
95
70”
97
101
97
100
70
73
100
40
105
112
118
101
37
(Brokers' Quotations.)
STATES.
N. Carolina.—New 4s
Tennesssee State coupons.
South Carolina consol...
10
40
Virginia coupons
20
consol, coupons...
Ala. AChafc.—Rec’rs ctfs.var
Atlantic A Gulf—Consol....
Consol., end. by Savan’h..
Cent. Georgia—Cons, m., 7s
Stock
99#
7s
1st m., ex cp
Charl’te Col.A A.—Cons., 7s
2d mortgage, 7s
East Tenn. A Georgia—0s..
E.Tenn.A Va.—0», end .Tenn
E. Tenn. Va. A Ga.—1st, 7s.
Stock
Georgia RR.—7s
0«...
Stock- v
Greenville A Col.—7s, 1st m.
7s, gnar
Macon A Aug.—2d, endors.
Mem phisA Cna’ston— 1st,7s
92#
Central of N. J.-1906
Chtc.St.L-AN.O.—2d m. 1907
1,7s.
2d,
Mississippi Cent —1st m., 7s
2d mort., 8s
Miss. A Tenn.—1st m., 8s, A
1st mortgage, 80, B
N. O. A Jacks.—1st m., 8*...
Certificate, 2d mort., 8s...
Norfolk A Petersb.—1st, 8s.
1st mortgage, 7s
2d mortgage,
m
8s
Northeast.. S. C.—1st m., 8s.
2d mortgage. 8s
Rich.A Dan.—1st consol., 0s
Southw. Ga.—Conv., 7s, ’80.
Bl,
Col.Chic.AInd.C.,inc.7s,180O
luvi
......
.
Stock
m.t 7s
7s, 1902, non-enJoined —
Non-mortg. bonds
West Ala.—1st iport., 8s....
S. Carolina RR.—1st
30#
made this week.
70
25
75
80
50
105
100
110
RAILROADS.
05
98
4 No price to-day; these are 1 vtest quotations
lio'’
Southern Securities.
do
127#
conv..
Ind’s Bl. A W’n-Inc., 1019..
nd’s Dec. A Sp’d, 2d Inc...
nt. A Gt. Northern—2d Inc
Leh. A Wilkes B.Coal~188h
Lake Erie A W’n—Inc.7s,’99
Laf. BI.A Mun.—Inc. 7,1899
MobileA O.—1st pref. deben
2d pref. debentures
8d
do
4th
do
N. Y-LakeE.AW.Ine. 6s. 1977
Ohio Central—Inc.. 1920....
T7U' Fwirlfl Hw>. A KVIlls—Inc«.
90
90
PAST-DUE COUPONS.
465
Equipment bonds, 7s, 188
Gt. Western,
110
100
108
80
So.CarolinAr-Ccn., 6s (good)
25
Rejected (best sort)
+ 103
Texas—0s, 1892
.M.A S.
7s, gold, 1802-1910.. J.A J. + 111
7s, gold, 1904
J.AJ. +112
10s. pension, 1894.. .J.A J. +99
95#
85
Virginia—New 10-40s
1st St. L. div.7s,ex mat.cp.
2d mortgage ext., ex cou
Consol,
-
100#
102
95
108
00
no
95
06
106
104
Union A Logansport—7s....
U. Pac.—South Branch
114#
01
105
107
85
101
105
St.L.A 8.E.—Cons., 7s, g.,’04
80
St.L.VandallaA T.IL—1st m *108
1st mortgage, 7s (pink)....
Extension
Tol. Can. 8. A Defc.—1st. 7s, g
112
104#
no”
80
2d mortgage, guar
101#
97
85
65
'
106
95
75
00
South Side (L. 1.)—1st
I.)— 1st m<
mort
South Minn.—1st ra., 7s, ’88.
104#
14
00
80
2d mortgage
St. Jo. A Western stock
ass.
11
110
61
13
02
79
2d mort
suppl.
St. It. A Iron Mount’n—1st m
2d mortgage
Arkansas Br., 1st mort...
Cairo A Fulton, 1st mort.
Cairo Ark. A T., 1st mort.
8t. L. Alton A T. H.-lst m.
2d mortgage, pref
59
Landgrant income, 0s....
Chic.A Southwest.—7s, guar
100#
St.L. A S.F.,2d 0s.class A.
do
3-0s, class C.
do
3-0s. class B.
do
do
100
100
114
119# 119# Chic.ACan.8o.—1st m.,g.,7g
Chic. A K. Ill.—B.F.c’y,1907.
118
T.AWab., 1st ext.?s
110
Atch.AP.P’k—0s,gld,
no# no#
Wabash RR.-Mtg. 7s of ’79.
115#
RAILROADS.
104#
104#
107# 108
m.
Belleville A 80. Ill., 1st m
St. P.A Sioux C.—1st 08.1919
102# 8t. P. M. A Manit’a—1st, 7s
2d mort., 0s, 1909
100
Tol. Peo. A W.—1st m., E.D.
1st
110}.
mortgage, W. D
119
(brokers' Quotations.)
104
,
05
Ilf
Miscellaneous List.
110# no#
101#
74#
07
112*
25
75
St.L.I.M.AS.—1st 7s.prf.int.
2d int., 6s, accum’lative ..
Miss.RIv.Bridge.lst.s.f.Os
100' 1109
lap]
Chic. Bur. A Q.—8 p.c., 1st m 109*
St.L. K.e A N.R. E.A R.,7s
Consol, mort., 7s
Omaha
Div.. 1st mort., 7s
4119#
Metropolitan Elev—1st,1906 102# 102#
10C
120
Clarinda b.,0s, 1019
5s, sinking fund
Mich. Cent.—Cons., 7s, 1902 119
hie. Rk. LA P.-08, cp.,1917 116# 110#
108
1st mort., 8s, 1882, s. f....
109#
St.Chas.B’dge.lst, 7s, 1908
4116
9s, 1917, registered
North Missouri. 1st m., 7s
Equipment bonds
Keok.A Des M., 1st, g., 5s.
95
West. Un. Tel.—1900, coup.
6g 1000
4109# 110
»ntral of N. J.—1st m., ’90. 115#
105
1900, registered
Mo.K.A T.—Co ns.ass.. 1904^6 105
1st consolidated
2d mortgage, inc., 1911—
Spring. V ’y W. W orks—1st 0s
assented. 100# 106#
do
H. A Cent. Mo.. 1st., 1800. 109
110# Oregon R. A Nav.—1st, 0s..
Convertible
100
INCOME BONDS.
Mobile A Ohio—New m., 0s.
Adjustment, 1903
Lehigh A W. B., con., g’d..
84#
BONDS.
AND
Phil.A Read.—Cons. coup.6s
103#
111# 112#
Registered 0s. 1011
119# 119#
Coupon 7s, 1011
4110
Registered 7s, 1011
120
Improvem’t, coup., 0s, '99
General, coup., 0s, 1908...
4113
120
do
do
7s,1906...
Inc.
485* 86#
mort., coup., 7s, 1890.
Deb.
110# HI#
mort., coup., ffe, 1803
Deb. mort., conv., 7s, 1893
108#
105# 107' Rome Wat. A Og.—Con. 1st.
8sa
38
34
34
29
25
109
San Joaquin Branch....
-Cal. A Oregon, 1st
State Aid bonds...
Land grant bonds.
Western Pacific bonds..
South. Pac. of Cal.—1st m.
Union Pacific—1st mort.
Land grants. 7s
do
do 2d
121
do
cons, reg., 1st.,
115
do
cons, coup., 2d.
15
do
cons. reg.. 2d ..
10
Louisv. A Nash.—Cons.m.,7s
4104
2d mort., 7s, gold
87
Small
101#
STOCKS
do
103# 104'
lil.Cent.—Dub. ASloux C.lst
Dub. A Sioux C., 2d div... 107
Cedar F. A Minn., 1st m.. 102#
Ind. Bl’m A W.-lst, pref. 7s
1st mort., 7s, 1900
J3#
63
2d mort., 1909
Ind’s Decatur A Sp’d 1st 7s 102
98
Int. A Gt. North, ist 0s
Lake Shore—
110
Mich S. A N. Ind., s. f., 7s.
Cleve. A Tol., sink. fund.. 106#
108#
do
new bonds.
110#
Cleve. P’ville A Ash., 7s
Buffalo A Erie, new bds... 110
Buffalo A State Line, 7s.. 4102
Kal’zoo A W. Pigeon, 1st.
Det.Mon.A T., 1st, 7s.’10O0 4112*'
4....
Lake Shore Div. bonds...
121
do
cons, coup., 1st
6s, new, 1807
6s, consol, bonds
0s, ex matured coupon...
0s, consol., 2d series
0s, deferred
D. of Columbia—3'05s, 1924
5
ft
5
Sinking fund
6# Han. A St. Jos.—8s, conv...
4# Hons. A Tex. C.—1st, m. l.,7s
1st mort., West. Div., 7s..
24#
1st mort., Waco A N., 7b* 4106
112# 118*
2d C., Main line, 8s...
25
2d Waco A N., 8s
98'
52
Inc. and ind’y, 7s
65
Standara Cons. Gold Mining
do
do
do
do
do
47
§18#
22
Morris A Essex, 1st
103#
§ii#
123
108
107
Syr. Bit gh. A N. Y., 1st, 7s
Of
102
pref.
Maryland Coal
!09#
107
102#
Galena A Chicago, exten
4113
Peninsula, 1st m., conv.
113
Chic. A Mil., 1st
108
Winona A St. P., 1st m.
do
2d m..
4H7#
C. C. C. A Ind’s—1st, 7s, s.
10S
109#
Consol, mortgage
C. St.L.A N. O.- Ten. lien 7s 4105
112
108#
1st con. 78
104#
Del. Lack. A West.—2d m
4104
convertible
7s,
Mortgage 7s. 1907
ft
series—
10
class 2
class 3........
Central Pacific—Gold bds.
108
110
116
Coupon gold bonds....
Registered gold bonds
Sinking fund...
Iowa Midland, 1st m., 8s
new
Ask.
Pacific Railroads—
108
4100
122
1st mortgage
Os,
Ohio Cent., 1st m., 0s, 1920
Peoria'Dec. A K’ville, 1st 0s
8
Consol, bonds
Extension bonds
112
Virgina—Os, old
0s, new, 1800
10
0s, 1880
101
Int. bonds
§112#
Clev. & Pittsburg, guar.
Dubuque & Sioux City...
Frankfort & Kokomo
7s, I. A D. Ext...
3.-west div., 1st 0s, 1909
1st 5s, LaC. A Dav., 1910
Chic. A Northw.—Sink, f’d
Rhode Island—0s,coup.’93-9
South Carolina—
0s, Act Mar. 23, 1809.)
Non-fundable
S ' ’
90
10
10#
Ohio-08,1881
lie
1st m.,
off, A.AO.
Special tax, class 1
IKISCRLLANfCOlTS
Bid.
Tennessee—6s, old
08, new
Chatham RR
Chic. M.ASt.P.—Continued
Railroad Stocks.
(Acixoe previously quoted.)
off, J. AJ.
coup,
do
do
Securities.
90
coup,
do
1868
New bonds, J. & J
do
A.AO
111
110
1891
do
28% 29i
2m 29 j.
no
no
Funding act, 1800
110
Asylum or Unlv., due ’92.
no
Funding, 1894-95
Hannibal A St. Jo., 1880.. 105#
do
1887.. 105#
do
New York—0s, gold, reg.,’87 100
100
0s, gold, coup., 1887
100
0s, loan, 1883
0s,
U7
110
0s, loan, 1893
North Carolina—0s, old.JAJ
0s, old, A.A O
No. Car. RR., J. AJ
do
A.tO
do
do
107
108
108#
0s, due 1889 or ’90
105
T 8*
Hmn.ll
Michigan—0s, 1883
7s, 1890
Missouri—0s, due 1882 or ’83
Br, due 1880
17#
7s, L. Rock A Ft. Scott iss
7s, Memp. A L. Rock RR .
7s, L. RP. B. & N.O. RR
7s, Miss. O. & R. P RR...
7s, Arkansas Central RR.
Connecticut—6s
Georgia—0s
7s, hew
7s, endorsed
7s, gold
Illinois—0s,coupon, 1879...
7h
.
Ask.
Bid.
SECURITIES.
New York—0s, loan, 1892
100
KBnhifkv—Br
Louisianar-7s, consolidated
100*
92
72
BONDS.
Ask.
Bid.
SECURITIES.
04
62#
..
Prices represent the per cent value, whatever the par may be.
previous page.
on a
2d mnrf.. ft*
<runr
50
110
112*
95
104
90
97
97
109
59
110
102
100
95
65
98
100
92
102
104
116
95
no
108
115
108
115
lift
102
160
107
102
110
95
102
J05*
00
28
112
•MS
100
106
95
102
102
112
65
119
100
105
08
105
102
93
105
107
118
100
113
112
65
80
114
114
I No quotation u-day latest sale this week*
168
THE
CHRONICLE.
Juiuesttumls
and that Mr.
Sage paid the company
their old suit against him.
AND
STATE, CITY AND CORPORATION FINANCES.
supply regular
subscribers.
REPORTS.
$150,000 in settlement
of
Chicago & Pacific.—At the annual
meeting of stockholders
Chicago, the report of the President
gave the earnings and
expenses of the past year,
in
The Investors’ Supplement is
of each month, and furnished to published on the last Saturday
all
Chronicle. No single copies of the regular subscribers of the
Supplement are sold at the
office, as only a sufficient number is
printed to
ANNUAL
[VOL. XXX.
compared with previous years,
follows:
Gross
earnings.
1879
1*78
1877
1876
1875
$186,034
!
Expenses.
$151,144
189,341
178,897
176,528
116,567
115.059
135,592
137,745
74,269
as
Net
earnings.
$34,890
74,281
43,297
38,783
42,298
The general solicitor
reported that “a decree had passed
the company for the foreclosure of
against
the alleged
on the
mortgage
12th of February, 1879. From
this
Troy & Boston.
(For the year ending Sept. 30.)
decree I have
prosecuted an
appeal to the Supreme Court of the United
States, in which
Court the record'now is;
From the report to the New York
Being, however, unable to give a bond
State Engineer, the follow¬ for $250,000, by the Court
held
ing statistics are obtained:
necessary to stay a sale of the
property, the decree was carried into
The stock and debt were as
and all the cor¬
follows, Sept/ 30, 1879 :
porate property of the company was,execution,
Stock
on the 1st day of
May,
Funded debt
$1,009,010 1879, sold to a committee of bondholders for the
sum of
2,227,000
$916,100, subject to the right of the
Floating debt.-. I
company to redeem at any
380,648 time within one
year thereafter, and to the
Total
right of the judg¬
ment creditors to redeem for
three months next
$4,216,G58
The traffic for the year was as
following the’
expiration of the twelve months given the
follows :
company to redeem.”
Cincinnati Indianapolis St. Louis &
F 1877-78.
1878-79.
Passengers carried
Chicago.—This is the
278,257
Tons freight carried
294,879 name of the company organized as the
successor
681,239
the
595,904
Cincinnati & Lafayette. It will Issuecompany to
Indianapolis
The earnings for the
were
as
year
follows :
$4,000,000
of stock to the old
bondholders. The new
all
company,
when
its
1878-79.
securities
are
1877-78.
Passengers
issued, will have a funded debt of
$164,046
$174,490 $7,500,000 first consolidated 6
Freight
per cent bonds, due in 1919, to
408,971
Other
363,980 be secured on the
entire property, and
20,877
21,872
$4,000,000 in capital
stock. Of the $7,500,000 new bonds
Total
to be issued,
$6,885,000 Is
$593,896
$560,343 reserved, into which all of the old
Expenses
bonds, prior to the I. C. & L.
305,376
285,596 7s of 1869,
may be exchanged at their par
Net earnings
value, leaving a sur¬
'
$283,519
$274,747 plus of $615,000 in new bonds. The other securities are: In¬
Payments from net earnings were as follows:
dianapolis Cincinnati & Lafayette 7s of 1869,
Net earnings
do. funding debt 7s
do.
(in which is included the $2,087,750^
Interest
old preferred
$288,519 stock,
$1,419,300), and the common stock,
Rentals
$190,836
$5,587,150. These
securities are to be provided for as
Hire of cars
27,537
follows: The 7s of 1869 are
8,153
to receive 70 per cent of
their face in new
226.526 funded debt
stock, and the
7s,
or
preferred
Balance to surplus fund
stock, 40 per cent. This will leave
a balance of new stock
of $2,029,045, which, with
$61,992
the
new
bonds, $615,000, will be offered as follows: balance of
To the 7s
GENERAL, INVESTMENT
of 1869, 10 per cent in bonds
and 30 per cent in stock for
NEWS.
10 per
cent cash.
To the funded debt
Atchison Topeka & Santa
7s, 20 per cent bonds and 60
Fe.—The Boston Advertiser
cent in stock for 20
per
One hundred dollars a share ls
per cent cash. To the common
says:
bid for New Mexico &
stock,
2 per
cent bonds and 6
Southern
per cent in stock for 2 per cent cash.
Pacific Railroad stock, the New
3Iexico branch of the
Atchison
system, and none is to be had at
Cincinnati Sandusky &
Cleveland.—This company reports
thatjfigure. The stock is not that for the. four
vet issued, but will be in a
few days.
months ending Dec. 31 its net
Kansas
Except
the
earnings were:
City 1879, $99,125; 1878, $58,708;
Topeka & Western, it is the richest investment
increase,
the Atchison
$40,416,
or 68*9 per cent.
management ever offered its
Colorado Central.—This
stockholders, but the rights to
subscribe for it offered
company has executed a new 30eighteen months ago sold for
year mortgage for $2,526,000, to bear
almost
not over 7 per centrinnothing. The first 380 miles of the road
terest.
These new bonds are to
built, and projected
for immediate
replace the same amount of 8
building,
is capitalized for $23,290
per mile, one- per cent first mortgage bonds now
half stock and one-half
bonds, in all $4,425,000 of each.
outstanding.
inal subscribers paid
Detroit Lansing
$900 for a $1,000 bond, now worth Orig¬
^Northern.—The directors have declared
and ten shares of
$1,080, dividends of three-and-a-half
stock, now worth $1,000.
per cent upon preferred stock from
Upon this stock the
the lights for the second
earnings of the six months ending December
The total investment of subscription sold for $30 per share. of three-and-a-half
31, 1879, and
$900, paid at different times
per cent on common stock from the
the past eighteen
earn¬
daring
ings of the year ending the same date. These
months, has thus returned to date
164 per cent of
dividends
are
$2,380,
or
payable
the
at
profit. Despatches report the
Boston office on the 10th. This
the road, or rather a branch
makes a total
of it, into Santa Fe. completion of dividend of seven per cent on the
Topeka & Santa Fe Company leases the road for The Atchison half per cent on the common stock preferred and three-and-aduring the year The earn¬
thirty years,
payiDg 37 per cent of the gross
earnings and a rebate of 15 per ings of the road for 1879 were $1,108,932; for the year 1878
cent on all business
they were $970,033 ; the increase for 1879 was
delivered to and secured from
the road at
the State line of New Mexico.
$138,898.
Delaware & Hudson Canal
Company.—This company issues
Central Iowa.—The
the following abstract of its
statement for 1879 :
in December 1878 and earnings and expenses of the company
1879 were:
Receipts from coal, &c....
!
$6,403,907
Receipts from railroads.
-
.
t
44
^
,
Total eannngs
.
Operating expenses
„
Renewal bridges andw.
ties
n
Net earnings
\
1879.
1... $83,340
36,478
$46,861
11,783
1878.
$65,410
35,072
$30,377
6.296
$35,077'
$24,081
Chicago & Iowa.—A dispatch from
Aurora, Ill., February
10, says : “ Supervisor
Reising gives an emphatic denial to the
report that Jay Gould has
purchased the Chicago & Iowa Rail¬
road. The town of
Aurora’s stock in that
road Is almost the
only stock that is not under a cloud, and thatis safe in Mr.
ReLsing’s possession and cannot be sold
town.”
without
a
vote of the
Miscellaneous and interest
Expenses of all kinds.
;
3,152,839
415,303—$9,972,049
7,455,033
Net earnings
Paid taxes, interest and
rentals leased lines
Showing
a
$2,517,016
3,147,659
deficit
•Of
this $316,059 was loss
upon leased lines,
New York & Canada
Railroad.
There
was
mined and sold for account
of the companv
for other parties
Transported
Total
The entire cost of the
$630,643
including the
Coal, tons.
3,054,390
357,673
3,412,063
damage to the canal caused by the
unprecedented high water of
December, 1878, Is included in
the expenses.
Chicago Milwaukee A SI. Panl.—The
Milwaukee Sentinelsays
there is a report to the
effect that the
Chicago
Paul have purchased
Milwaukee & St.
Huntingdon & Broad Top Mountain.—For the
the Dakota Southern
(the Wicker
the earnings and
year 1379
which has been
Road),
expenses were as follows,
operated by C. G. Wicker of
with
1878:
compared
also said that
Chicago. It is
they have
1879.
Passengers
1878.
road, which runs from a bought the Sioux City & Pembina rail¬ Coal
$24,893
connection with the Dakota
$23,644
at Davis
Southern Other freight
150,716
Junction, at the extreme Southeastern
156,275
corner of Da¬
kota, directly northward,
70,654
Miscellaneous
52,459
along the boundary line of Iowa and
7,262
6,511Dakota, to Sioux Falls, near
the junction of
Total
A Io>%a. The
Minnesota
Dakota
$253,525
Chicago Milwaukee & St. Paul have also
Expenses
$238,889
trol of the Southern
the con¬
112,221
106,196
Minnesota,
from La Crosse, on the
Net
sippi River, to
earnings
Winnebago City, Minn., a distance of 174 Missis¬
$141,304
$132,693
having purchased the stock of that
miles,
During the year $30,000 of floating debt was
will make them the
company last year, which hoped that the
it is
paid,
and
full owners in the
rest may be
year 1883.
entirely cleared off during the cur¬
—It has
rent year, after which
already been reported that'this
the Hastings & Dakota
company had taken mortgage bondholders. something may be paid to the third
of Mr. Russell
Sage for about $2,000,000,
Indiana Bloomington &
Western.—A circular
addressed to
February
14, 1880.
THE CHRONICLE
the stock and bond holders
which it is stated that—
was
issued under date of Jan. 31, in
The new company obtained possession of the
property August 8, 1879,
and the following statement, including the full
months of September,
October, November and December, is given:
GROSS EARNINGS.
September, 1879
October, 1879
November, 1879
December, 1879
OPERATING
EXPENSES
(INCLUDING
RAILS.)
169
Georgia roads. The new arrangement gives the Louisville &
Nashville Company control of
every port on the Ocean or
Gulf between Wilmington and New
Orleans, except Brunswick.”
Macon & Brunswick—A
press despatch from
Feb. 11, says: “ The Macon &
Brunswick
Atlanta, Ga.,
Railroad was to-day
purchased by a strong company, headed
111,095 September, 1879
$62,607
by R. T. Wilson and
85,539 October, 1879
It is reported that
73,703 others, of New York.
they will build the
106,054 November, 1879
63,708 extension from Macon to Atlanta at once.”
December,
1879
70,615
—The Savannah Nem
Total......
$125,186
says: “The $600,000 bogus bonds of the
road,
which the State has refused to
Total
$270,634
pay, it seems, is the main
cause of the trouble.
These, in the opinion of many, will be a
Net earnings
$154,551 substantial lien upon the road the moment it
Per cent of operating expenses to
gross earnings, 63*65.
This will
hands. No company could afford to build passes into private
compare very favorably with the
the extension from
for the corresponding months of percentage of operating expenses
1878, during which time it was Macopto Atlanta, comply with the onerous
71*50 per cent, leaving the
provisions of the
percentage of net earnings to gross earn¬ present lease law, and pay the State besides the
ings 36*35, against 28*50 in 1878.
enormous ren¬
tal
of
$196,000
a
The approximate gross
year, at which the road was leased.”
earnings
for the whole year 1879
were
Marietta k Cincinnati.—At
$1,179,532
Chillicothe, Ohio, February 5,
Approximate operating expenses
in
the case of William Keyser and Robert
819,363
Approximate net earnings
Garrett against the
360,168 Marietta & Cincinnati Railroad
Upon the 498 box freight cars, purchased under the
Adams
Company, John 1). Madeira,
contract, trustee for the
there is still due about
second mortgage
$84,460, payable in monthly instalments.
A new
bondholders, filed an amended
contract has been made for the use of
the Peoria Pekin & Jacksonville answer and
cross-petition, in which he prays for foreclosure of
Railroad tracks, between Peoria and
Springfield, ten miles in length, by the
which the annual cost of the use of the
mortgage and sale of the road and its franchises. He sets
tracks between those points has
been reduced from about
forth in his petition that the
$42,000 to about $22,000.
company is in default of interest
(Under the reorganization, the
since
present
indebtedness
is
May,
1877,
and
the
given
in
the
In v esto rs’ 8 u pplem e nt.
mortgage
)
He prays that the Baltimore & Ohio thereby becomes absolute.
Of the $3,300,000
Railroad Company, which
stock, $830,000 is held in trust by the
Purchasing claims to own $1,200,000 worth of first
Committee to redeem that amount of stock
scrip issued by the commit¬
mortgage bonds of the
tee under the bondholders’
agreement, which scrip is convertible into old Hillsboro & Cincinnati Railroad
stock after a 6 j»er cent dividend on
Company,
be made a party,
incomes, 8
and show by what title
stock, and 7 per cent upon the scrip, in any one per cent dividend upon
they
claim
said
bonds.
year.
First and second
mortgage bonds bear 3 per cent Interest for three
Metropolitan Elevated.—When the Metropolitan Elevated
years, 4 per cent inter¬
est for two years, 5
per cent interest for three years, and 6 percent inter¬
Railway
Co. was absorbed by the Manhattan Elevated
est thereafter until
maturity. The annual interest charge is now and
will be until April 1,
Company, the latter guaranteed interest on $8,500,000Railway
1882, $220,000 per annum. After April 1,
of its
1882, first
for two years, it will be
$270,000 per annum; after April 1, 1884,
mortgage bonds, and has since been paying interest on
for
three years, it will be $320,000
per annum; after April 1,1887, it will be
that amount, although but $2,500,000 were
issued and out¬
permanently $370,000 per annum.
standing. The Metropolitan Company were prevented from
International & Great Northern (Texas.)—This
company’s issuing the remainder until their Second-avenue route should
stock and bonds have been admitted to
the N. Y. Stock fix- be completed. This week the
company opened bids for the
change list as follows : Capital stock, the authorized amount of additional $6,000,000, and
accepted that made by Drexel, Mor¬
which is $25,000,000, but
only [$5,500,000 have been issued. gan 6l Co., on behalf of themselves and associates. The bonds
Purchase money first
mortgage 6 per cent go«d bonds, due are said to have belonged to the New York Loan &
Improve¬
1919, and secured by mortgage to the amount of
$5,624,000; ment Company, which had the contract for building the line.
future issues to be limited to
$10,000 per mile of road here¬ Members of the syndicate were
unwilling to make known the
after constructed or
acquired. Purchase money second mort¬ price paid for the bonds. It was stated,
however, by persons
gage income bonds, due 1909, and secured
by mortgage; the familiar with the transaction, that the price was 99 7-10.
interest, if earned, is limited to 8 per cent per annum; the
Mobile k
present issue is limited to $4,724,000, and $10,000
the annual meeting of the stock¬
per mile of holders, Feb.Montgomery.—At
4, the following directors for the ensuing year
road hereafter constructed or
acquired. The road extends were unanimously elected: E. H.
from Longview to Houston, and from
Green, New York; E. D. HtandiPalestine to Austin, a ford and H. Victor
Newcomb, Louisville; Gen. O. Clarke, Henry
distance of 417 miles, and its branches are 102 miles in
length, Antiion, Jr., J. P. Girard Foster, of New York;
making a total length of line of 519 miles. The liabilities
Henry C. Mur¬
of rell, W. D. Caldwell, Louisville, and
the
A.
George
Washington
of
company
consist
of
bills
payable in New York, with inter¬ Tennessee. At a
est from
meeting of the directors subsequently, E. H.
May 1, 1879, to the amount of $390,736. Its assets Green of New York
was elected President and
consist of $600,000 of its own first
Henry Anthon,
mortgage bonds and $286,300 Jr., Secretary. This effects a
stock of the Galveston Houston & Henderson
in
the
management, the
change
Railroad.
Louisville & Nashville Railroad taking control.
Kansas Pacific.—The first consolidated
mortgage 6 per cent
bonds, an authorized issue of $30,000,000, have been admitted to
Montpelier k Wells River.—The Boston Adverliser says:
$121,896
STEEL
...
.
,
the New York Stock
Exchange. The company states that the
holders of its old securities have
agreed to exchange their
bonds for the consolidated
mortgage
bonds to the following
extent: $5,000,000 out of
$6,379,000 Denver Extension bonds;
$754,000 out of $1,105,000 second land
grant bonds
“
This company is now paying a dividend of 2
per cent to the
stockholders who have converted their bonds into stock.
The
capital of the road is $800,000. The road is about 40 miles
long, and connects with the Central Vermont at Montpelier and
with the Boston Concord & Montreal and the Connecticut &
Passumpsic at Wells River. The road has now no mortgage nor
$75,000
Leavenworth Branch bonds, and $2,686,000 income bonds.
floating debt.”
Little Bock Mississippi River k Texas.—A
dispatch from
Little Rock, Ark., Feb. 10,
Municipal Gas—Knickerbocker Gas.—The Municipal Gas¬
says the Monticello Branch of this
railroad is completed, and the Helena & Iron Mountain
light
Company, of this city, has purchased the property and
Railway
has also been
completed to Marianna, a distance of about 25 franchises of the Knickerbocker Gaslight
miles from Helena.
mains in that portion of the city north of company, which has
Thirty-fourth street,
and
a franchise to lay
Louisville Cincinnati k Lexington.—This
pipes
anywhere
in
the
city.
company has
contracted with parties in Cincinnati for the
New Jersey Midland.—A new plan of
graduation and
reorganization has
ballasting of 26 miles of road' from Shelbyville to Bloomfield, been proposed, and an attempt is
being made to secure its
Ky., on the Chesapeake & Ohio Railroad. When this
piece of adoption ; but this plan is repudiated by the old bondholders'
work is completed, it will close a
gap between the Chesapeake & committee, who claim that there is
nothing in it. Under its
Ohio and the Louisville Cincinnati &
Lexington roads.
provisions the new proposition is that first mortgage bondhold¬
Louisville k Nashville.—A part of the first
mortgage gold ers receive principal and interest in bonds of the new company,
bonds, 6 per cents, o;i the Evansville Henderson
& Nashville at 6 per ceno, to be cumulative. The second mortgage fxmdDivision, for $2,400,000, due December I, 1919, were issued
holders to receive principal and interest in new income
bonds,
by at 6
Drexel, Morgan & Co. this week and sold
per cent, but not cumulative. The third mortgage bond¬
immediately. The holders and creditors under the
property unmortgaged at the :a‘e of $17,500
floating debt to receive prin¬
per mile. 97
miles are located m
Kentucky and 3 3 miles in Tennessee, and cipal and interest in preferred stock, bearing 6 per cent, but
$1
,600,000 of the issiTe
This
was
are
sold
now
the proportion of the bonds
at
on
102/£
the
;
and interest.
property in Ken¬
not cumulative.
The holders of
common
stock to receive
new
stock in
exchange. The holders of labor claims to re¬
50 per cent in cash and the remainder in
preferred stock.
common
tucky, the remaining $800,000 bonds, which represent the ceive
proportion of the bonds on the property in Tennessee
holders of the chattel mortgages to be treated the same as
having The
been deposited with the Central Trust
the
first
mortgage bondholders. The stockholders of the Hud¬
Company of New York,
in trust, and cannot be sold or otherwise
disposed
of until the son Connecting line to have their choice of faring the same as
claim of prior lien made by the
bondholders of the State of the first mortgage bondholders or may take instead 40 per
Tennessee has been finally disposed of by a court of
cent of their holdings in new first
mortgage bonds and the
competent
jurisdiction.
balance in preferred stock, with the privilege of
participating
—On February 4, President Standiford and other officers
of in the benefits of the judgment of the New York & Oswego
the Louisville & Nashville road met C, I
Sullivan, owner of the Midland Company", as obtained in the degree on Van Houten’s
road from Pensacola to Selma, when a sale was
consummated, appeal. This plan is in the interest of the junior securities,
transferring the entire line to the Louisville & Nashville Com¬ which, under previous plans, were ignored. The last report
issued gives the capital stock at $1,423,475, the first
pany.
mortgage
bonds
at $3,000,000, the second mortgage bonds
Louisville k Nashville—Georgia Railroads.—A
at
$1,500,000,
despatch the third mortgage bonds at
to the New York Herald from
$1,000,000, and the floating debt,
Atlanta, Ga., Feb. 12, says :
claims, &c., at $989,924.
“Thedetails of a virtual consolidation of the
Georgia Railroad
New London Northern.—At the annual meeting in-New
Central Ilailroa4 Company with the
Nashville Railroad Company is made public
Feb. 5, the stockholders voted to ratify the agreement
London,
to-day.
The contract was negotiated
for the purchase of the Brattleboro Branch or the Vermont &
by
Vice-President
Newcomb
two
weeks ago, and has been ratified
by the boards of the two Massachusetts road. Also to issue $1,500,000 new bonds, $700,-
Company and the Georgia
Louisville &
170
000 to be used to pay
THE
for the branch, and the remainder
CHRONICLE.
to pay
| Vol. XXX
stock out of the 240,000
dent Torrance in these
outstanding ratified the acts of Presi¬
regards, whereas a two-thirds vote was
an agreement has
necessary to make them legal, and that no resolution or order
(Mobile & New authorizing or ratifying either was ever recorded in the office
Orleans) to the Louisville & Nashville Company for $4,000,000 of any recorder of deeds in any of the counties of Illinois
in 6 per cent bonds.
through which the road runs, as was req uired by law. In con¬
N. Y. Central k Hudson River.—An official statement of the clusion, they “offer to surrender and restore said railroad
the Springfield division) and other
gross earnings for the first four months of the fiscal year shows
property to its proper
owners in
the following:
equity, as may be determined and directed by this
court, and to account for the profits and earnings thereof.
1878-70.
1879-80.
October
$2,771,203
$2,898,880
Oil Traffic.—The Times, Feb. 13, says that “
November
the rise in New
2,567.318
2,801,835
December
2,237,205
2,846,21G Jersey Central was due to the announcement that the
company
January
2,024,811
2,593,612 and its connection, the Tide-water Pipe Line, have made
a pool¬
ing arrangement with the Pennsylvania Central, Erie and New
Total, four months
$9,600,599
$11,140,250 York Central
Railroads for
New York Central—Lake Shore—Erie.—It is stated that
carrying the oil shipped to tide¬
water.
The basis
off old bonds which will mature soon.
New Orleans k Mobile.—It is stated that
been concluded for the sale of this road
the contract between these railroads for
a
division of the New
England traffic was signed Tuesday night by Presidents Van¬
derbilt and Jewett, but has yet to be ratified by the directors
of each corporation. The terms of the agreement are not made
the
Eublic,
ake Shore
but it& isMichigan
said by those
who pretend
to know
that and
Southern,
the Canada
Southern
the Michigan Central railroad companies are parties to the
agreement as well as Central and Erie. The agreement .is in
the form of a contract, indefinite as to time, and it provides for
the maintenance of rates and the harmonious operation of the
of the agreement is understood to be onesixth of the receipts to the New
Jersey Central and the pipe
line and a division of the other five-sixths
among the other
railroads named. About 40,000 barrels of oil are
daily shipped
to tide-water, and have kbeen and are
being carried at 17 to 20
cents per barrel, against $1 25
per barrel, the rate before the
opposition to the pipe line compelled a reduction. The exact
rate fixed for conveying the oil is not
yet known, but it is sup¬
posed that it will be $1 per barrel, or perhaps the old rate.
Taking the average shipments at 40,000 barrels per day, the net
increase of business to the railroads will be
two trunk lines and their connections.
$10,000,000 to
It is agreed that the
$12,000,000 per annum. Officers of the Erie Railway Company
western connections of the two trunk lines at
Buffalo, Niagara claim that it will make a difference of
$1,250,000 per annum to
Falls, Dunkirk and Salamanca, and their eastern connections
that road.”
at Albany, Troy and Mechanicsville shall be
placed in a posi¬
tion of equality as regards lates, traffic, facilities and other
Pennsylvania k Delaware—Pomeroy k State Line.—The
Pennsylvania & Delaware Railroad, which was recently sold
arrangements.
out under foreclosure of
mortgage and bought in for the Penn¬
New York Ontario k Western.—This company—the
re¬
Railroad, has been reorganized by forming a new com¬
sylvania
organized N. Y. & Oswego Midland—has had its stock placed
on the N. Y. Stock
Exchange list as follows : Preferred stock to pany, called the Pomeroy & State Line Railroad, with $500,000
the amount of $2,000,000, issued to holders of the receiver’s capital, Strickland Kneass being President. This road is about
39 miles long, and runs from
debt of the New York & Oswego Midland Railroad
Pomeroy, on the Pennsylvania
Company. Railroad, near Coatesville, to Delaware
Common stock to the amount (authorized) of $48,000,000, of
City.
Portland k Ogdensburg, Vermont Division.—The bond¬
which $13,000,000 stock is to be issued to the first
mortgage bond¬ holders have
holders of the Oswego Midland, the remainder
organized a new corporation by the name of the
being retained
to provide for the junior securities and common stock of the St. Johnsbury & Lake Champlain Railroad Company, to take
and own the road after the foreclosure. Notice is given that
old company, according to its plan of
reorganization. Many all
holders of first mortgage and joint preference bonds will
reports are afloat as to the proposed extensions of this road. A
have the right to come in and join in the new
board of directors was elected on the 22d of
organization
January, and on with'n
the 6th of February the stockholders held another
thirty days.
meeting in
the office of Kuhn, Loeb & Co., and elected a new set of direc¬
Rochester & State Line.—At Rochester, N'. Y., Feb. 9, a
tors, as follows : Jose F. Navarro, Charles J. Canda, Julius Hall- notice was filed in the County Clerk’s office of a Us
pendens in
garten, Charles S. Hinchman—of Philadelphia, William C. Whit¬ the New York Supreme Court by the Union Trust
Company of
ney, Samuel S. Strang, E. L. Frank, William M. Fleiss, C. N. New York, plaintiff, against the Rochester State Line
Railway
Jordan, Theodore Houston, Gen. Burnham, Mr. Farley—of the Company. The company failed to pay interest on $2,575,000
of
banking firm of George Opdyke & Co., and Charles R. Flint. bonis, and the filing of the Us pendens makes the claim of the
Other changes, it is said, are likely to follow, and C. N.
Jordan, Trust Company prior to those of any other creditors of the
President of the new company, Jose F. Navarro and Charles J.
corporation. The property mortgaged includes the railroad
Canda will resign soon, to take places in the Construction Co. from Rochester to
Salamanca, with the real estate, railway,
The Tribune says that this company, to be organized under the
rails, bridges, fences, piers, privileges, rights and franchise,
laws of New Jersey, will have a capital of $200,000. Its osten¬
locomotives, &c., owned, or hereafter to be owned, by the com¬
sible purpose is to put the railroad in good
condition, and to pany.
furnish suitable connections east and west and terminal facili¬
St. Joseph k Western.—The St. Joseph Herald reports that
ties at New York. Among the persons who are known to be
at the adjourned meeting of the stockholders of the St. Joseph
interested in the scheme are Henry Amy,
who is temporarily & Western Railroad, held at El wood, the recent lease of this
the President; Jacob H. Schiff, of Kuhn, Loeb & Co. ;
George
M. Pullman, C. F. Woerishoffer, William R. Grace and E.F. road to the Kansas Pacific was confirmed, over two-thirds of
the stock issued voting in the affirmative.”
Winslow. It is claimed that the holders of
enough junior
—A dispatch from St. Joseph, Mo.. Feb. 6, says: “The exten¬
securities to furnish the company $2,500,000 have assented to
sion
of the St. Joseph & Western Railroad will be from Logan,
the plan of reorganization, and the assent of the holders of
Phelps
County, Kan., along the north fork of the Solomon to
enough more has been pledged to produce nearly double this
amount. “ It is reported that persons interested in this road Agate, sixty-six miles east of Denver on the Kansas Pacific.”
St. Louis Alton k Terre Haute.—The final decree of the
have been buying the stock of the Atlantic & Great Western
Railroad and are seeking the control of the Rochester & State United States Circuit Court in the case of the St. Louis Alton
& Terre Haute Railroad
Line Road. By these and other roads and
against Samuel J. Tilden
by the New Jersey and others was filed on the Company
31st ult., in the office of the Clerk of
Midland, which is to be sold soon, the promoters of the enter¬
prise propose.to make a new trunk line to the West. The the Court, by which the company fortunately recovers $400,000
interest which Samuel J. Tilden has in the road is said to be from Tilden, Butler, Sage and Bayard.
Texas Pacific—Missouri Kansas k Texas.—It is
represented in this board, but it is not known what particular
reported
places his friends occupy in the Construction Company.”
that the next great consolidation will be that of the Missouri
If all the old stock and bonds should come in and
pay up Pacific, Missouri Kansas & Texas and the Texas Pacific lailtheir assessments, it will be seen by
the statement in the Chron¬ roads into one corporation. General Dodge refused to impart
icle of January 24, on
page 92, that the new company wTould any information on the subject, but it is stated that such con¬
have seven or eight million dollars in cash. If the old stock solidation has virtually been decided
upon, and will soon be
and bonds do not come in largely, the
capital stock will be just consummated. With this last scheme completed, Gould would
that much smaller in amount. The 21st of
February is the have his system of roads mainly consolidated into three com¬
last day of the 30-days time within which all the
junior securi panies—namely, the Wabash St. Louis k Pacific the Union &
ties must come in, except the old stock and
Kansas Pacific and the Missouri & Texas Pacific.
non-mortgage
bonds convertible into stock, these latter
Tuckerton.—This Railroad and the branch running from
having
six
or
months,
till July 22,1880, to come in under the reorganization
scheme. Tuckerton to Little Egg Harbor Bay, N. J., were offered at
The leading points rumored as to the new
company’s plan public sale in Camden, by virtue of a decree of the Circuit
of work are: (1) that a tunnel will be cut
through
Bergen Hill Court of the United States, and the property was bought by
and large grounds for a terminus secured on the Hudson
River, the solicitor of the road for $85,000.
possibly in connection with the Forty-second street Ferry; (2)
Wabash St. Louis k Pacific—Toledo Peoria k Warsaw.—
that a through route to
Oswego and thence to the new Bridge It is
that the Wabash Pacific agrees to guarantee 7 per
over the Niagara River will be
formed, and close connection cent reported
on the $4,500,000 first mortgage bonds of the Toledo Peo¬
made with the Grand Trunk of Canada;
(3) that a line will be ria & Warsaw
(lately foreclosed). The $2,900,000 income bonds
built to connect with the Atlantic & Great Western and a
route are to be
guaranteed at least 4 per cent net earnings, and the
to Cincinnati and the Southwest be thus secured.
holders thereof can exchange them at
par for Wabash Pacific
Ohio & Mississippi.—It is now reported that in the suit of
preferred stock. The $1,000,000 second income bonds are to be
F. P. Dimpfel to have the purchase of the
Springfield branch exchanged for Wabash common stock, share for share. The
declared void and the bonds set aside, the
company
has made $3,000,000 common stock of the Toledo Peoria & Warsaw is to
an answer to the amended
complaint, admitting its allegations. be exchanged at the rate of three shares for one of the Wabash
They even go so far as to aver that the purchase and issue of common stock,
making $1,000,000 additional. • This scheme, it
bonds were never authorized by either the board of
directors is said, will involve the issue of $2,900,000 of Wabash preferred
or the stockholder; that holders of
only 116,282 shares of and $2,000,000 common stock.
—
gr
COTTON.
Friday, P. M., February 13, 1880.
The Movement of the Crop, as indicated by our telegram*
from the South to-night, is given below.
For the week ending
Cemmeran1 Jpmes.
COMMERCIAL EPITOME.
Friday Night, February
13, 1880.
commercial circles, due
mainly to the speculation prevailing and the consequent check
to the export movement.
The shipping interest continues
greatly depressed and freights very low. There is, however,
•in regular trade, a good movement in progress, and all manu¬
facturing and producing interests continue to prosper.
Provisions have sharply declined, owing to excessively slow
export demands, and the apparent withdrawal of speculative
support. Stocks here and in the West are heavy. To-day, a
dull and irregular state of affairs prevailed; old mess pork
sold in a small way on the spot at $ 11 75@>$12 ; new for March
was quoted at $11 95@$12 15; April, $12@$12 20 bid and
Lard on the spot was sold at 7'60c. for new prime
asked.
Western ; do. for March was sold at 7'52%<§)7 55c., do. for April
7-55(8)7'60c., do for May 7'70c.
Refined for the Continent
quoted at 8c. Bacon ruled easy and dull at 6'75@G80e. for
long clear. Cut meats, beef and beef hams, were all quiet.
Dairy products ruled about steady, though somewhat less
less buoyant feeling in
There in a
bales, against 112,363 bales last week, 137,191 bales the previous
week, and 168,280 bales three- weeks since, making the total
receipts since the 1st of September, 1879, 3,983,518 bales, against
8,592,189 bales for the same period oM878-9, showing an increase
since September 1, 1879, of 391,329 bales. The details of the
receipts for this week (as per telegraph) and for the corresponding
weeks of four previous years are as follows:
New Orleans*
Mobile
Charleston
Port Royal, Ac
Savannah
lbs.218,959,215
lbs. 96,221,235
Bacon
Lard
1878-79.
22.876,000
216,902,126
117,551,773
397,379,899
the market during the week was
London; mild grades have been
quiet, but close steady at 13%@>17c. for Maracaibo. Rice has
been in good demand and firm. New Orleans molasses has ad¬
goes. A notable feature of
the shipment of 5,000 bags to
vanced to 40@56c.
for common on a
good jobbing business.
Foreign has continued scarce. The first sale of new crop refin¬
ing this season was at 35c. Raw sugar has been fairly active at
Rome decline; but to-day there was more activity in trade and
the market was strong. This afternoon no less than 5,000 hhds.
Centrifugal sold at 8c. for 94 test.
Hhds.
Receipts since Feb. 1,1880
Bales since
Stock Feb.
Stock Feb.
Stock Feb.
15,707
17,256
28,209
9,880
Feb. 1,1880
11, 1880
12, 1879
13, 1878
21,245
Boxes.
560
377
Baers.
Mel ado.
61.700JBI
92,172
598,853
9,554
4,973
493,304
6,044
41,274
915
60
1,107
1,810
have latterly been more active, and close
strong with crushed at 9%(5;9%c. Tea has been quiet and easy
Refined sugars
in
is
a
demand
for
lugs, 4@5/£c., and leaf 6(5420. Seed leaf has
continued quiet, and sales for the week are limited to 808
bales, all crop of 1878, as follows: 400 cases Pennsylvania, 10@
21c.; 200 cases New England, 9/6@25c., and 208 cases Ohio,
14c. The demand for Spanish tobacco continues good,
quoted
and sales
95
103
410
10,861
12,955
13,123
871
14,977
1,006
1,038
3,749
12,369
11,267
2,774
7,351
1,272
150,841
120,090
119,854
...
Total since Sept. 1.
11,912
46S
435
402
2,395
2,615
14,129
1,727
8,918
723
669
120,720
110,576
3,983,518 3,592,189 3,374,909 3,107,924 3,295,251
1
Ones dayiewtlmated In
*
,
'
2,470
,
Total this week
1880.
The exports
Week
EXPORTED TO—
ending
Feb.
Great
13. Britain.
N. Orl'ns
18,265
Mobile..
5,689
Charl’t’n
7,954
5,051
1,334
4,387
10,450
4,686
Savan’h.
Galv’t’nN. York.
NorfolkOther!
..
Conti¬
France.
nent.
6,109
m
•
m
0
1879.
2,864
27,238
5,089
550
8,504
14,773
1,334
4,930
10,450
4,086
9,722
543
STOCK.
Same
Week
Total
this
Week.
.
1880.*
1879.
66,889 302,000 378,876
0,350 02,789 54,382
21,983 44,289 49,657
10,336 73,569 78,303
13,155 74,576 70,391
; 5,947 278,382 155,617
7,421 33,786 24,047
11,169 65,000 35,000
Tot. this
57,816
week..
143,250 994,391 846,873
77,604
13,679
6,109
totaince
1511,022 222,069 520,319 2259,410 2207,094
Sept. 1.
Figures for New Orleans (362,000) are estimated.
under the head of " other ports" include, from Balti¬
more, 2,244 bales to Liverpool; from Boston, 1,910 bales to Liverpool, and
from Philadelphia, 532 bales to Liverpool.
Since the above figures were put in type, our regular dispatch
*
+ The exports this week
has
for the week, 48,783; exports to
6t109; to Continent, 4,759; and stock
to hand, showing—Receipts
come
Great Britain, 22,882; to France,
to-night, 363,185.
are
650 bales Havana at 80c.#$l 10.
Hops
quoted irregular, the export demands are small,
and the stock nere is estimated at 20,000 bales. Strictly choice
selling in the interior at 34#35c., and quoted here 37(5
38c. Naval stores have latterly shown more steadiness in sym¬
pathy with the Southern advices ; spirits turpentine was quoted
-at 41c.j and strained to good strained rosin $1 45#$1 50. Petro¬
leum also closed steadier under improved export demands ; re¬
fined, in barrels, 7/4c. United certificates closed lower at $1 05
bid. Metals of all descriptions are very firm, with an advanc¬
ing tendency. Trade is not active at the moment, due to the
generally small offerings ; No. 1 American pig iron is quoted
at $40#$41. Scotch pig sells on arrival; 5,000 tons Gartsherrie
and Middlesborough have been sold, to arrive in the Spring, at
private figures. Kails are quoted at $89#$85 for steel, $65#
$70 for iron, and $43@$44 for old iron. Ingot copper is still
-quiet at 24^c. for Lake.
Ocean freight room has latterly had a better inquiry and
rates are somewhat steadier. No marked improvement, how¬
ever, can take place so long as the offerings of tonnage are ex¬
cessive. To-day business was very small, and rates in many in¬
stances were quite nominal. Grain to Liverpool, by steam, was
quoted at 3d., 60 lbs.; provisions taken at 17s. 6d.@20s. Grain
to London, by steam, quoted 5d ; do. taken to Havre, by steam,
13c.; do. to Cork, for orders, 4s. per qr.; do. to Passages, in
Rhip’s bags, 4s. 7%d. Crude petroleum to Bordeaux, 2s. 10^.;
are
refined do. from Baltimore to Bremen.'2s. 6d.
us
to above exports, our telegrams to-night also give
following amounts of cotton on shipboard, not cleared, at
ports named. We add also similar figures for New York.
the
the
Shipboard, not cleared—for
On
Flu.
;
are
lots
4,514
9,290
4,000
813
8,569
190
In addition
Kentucky tobacco to fill con¬
tracts, but no large transactions have been effected, and sales
for the week are limited to 500 hhds., and prices are about as
last
9,425
North Carolina
price.
There
15,032
73
10,674
for the week ending this evening reach a total of
77,604 bales, of which 57,816 were to Great Britain, 6,109 to
France, and 13,079 to rest of the Continent, while the stocks as
made up this evening are now 994,391 bales.
Below are the
Increase.
Decrease.
stocks
and exports for the week, and also for the corresponding
2,365.200
37,992,911 week of last season.
21,330,538
61,698,649
Rio coffee has been only moderately active, and at one time
showed weakness, but the close is firm at 14%(g)15c. for fair car¬
335,691,250
Total
19,252
6,541
58,967
14,089
10,655
11,992
City Point, &c
48,459
48,730
15,014
9,150
2,271
13,058
Florida
Norfolk
30,696
9,683
5,387
52,104
7,474
7,776
1,000
15,619
Galveston
Indianola, <fcc
Tennessee, <fcc
1876.
1877.
1878.
1879.
1880.
Receipts this w'k at
pork-packing in
past week were
258,292, against 285,109; total at!all points, since Nov. 1, 5,476,368,
against 6,668,313 this time last season. The following is a com¬
parative summary of aggregate exports, from Nov. 1 to Feb. 7:
1879-80.
.lbs. 20,510,800
evening (Feb. 13), the total receipts have reached 110,834
this
active. The latest advices (Feb. 4) regarding
the West state the number of hogs packed the
Pork
171
THE CHRONICLE,
14, 1680.]
February
13, at—
Liver¬
pool.
France/_Gther
Foreign
44,041
8,300
New Orleans...
Mobile
Charleston,...
Savannah
Galveston
New York
31,510
None.
800
700
7,000
18,027
3,200
9,000
Other ports....
90,268
2,400
^
290
130
35,13(7
Stock.
4.074
109,777
14.400
252,223
48,389
4.800
None.
350
11,500
5,109
2.500
2.772
1,000
None.
1,000
3,000
59.661
12.696
Included in this amount theie are
the destination of which we cannot learn.
♦
The
Total.
30,152
6,100
None.
Leaving
Coast¬
wise.
6,650
23.400
26,198
*4,330
13,000
37,639
50,169
48,378
274.052
85,786
I 197.755 { 796,636
bales at presses
for foreign ports.
following is our usual table showing the movement of
ports from Sept. 1 to Feb. 6, the latest mail dates:
cotton at all the
Ports.
RECEIPTS SINCE
SEPT. 1.
1879.
N.Orlns 1100,684
Mobile. 302,751
Florida
416,005
636,691
392,031
128,380
16,696
N. Car.
93.066
Char'n*
Sav'h..
Galv.*.
S. York
I
1878.
834,024
295,264
458,678
604,534
460,021
104,002^
EXPORTED SISfCK
Great
Britain.
42,G87|
Foreign
Stock.
TotaL
770,821 350,179
67.826
51,5
253,805 46,311
323,381 77,833
45j
188,699]
70,923
253,061 264,470
28,507
164.159
147,828
8,460
38,335
1453,206 215,960 512.640 2181.806
930,137
NorTk*
575,325
Other..
202,035
104,913:
Last year
France.
SEPT. 1 TO—
{ Other
491,886 147,710 131,225
4,400
6,791
40,354
127.604
12,664
113,5371
148,543; 10,147 161,691
143,893; 19,761 23,042
199,679. 17,405 35,977
114,647:
22,668]
422,578 159,302;
fhisyr. 3863,664
_
133,281|
5,839
1,479
3.318
14,544
3441,348 1235,917 276,888 551/139
55,750
2063,8 U 863,129
Under the head of CharUnlon. is included Port Royal, Ac.; under the head of
9alt>e*Um is Included Indhtnola. Ac.; under the head of Norfolk is Included City
Point. Ac.
*
*
172
LHE
The speculation in cotton has
presented much the
as last week.
Foreiga advicae, and
CHRONICLE
fea¬
Bales.
especially the accounts
from Manchester, have been
very favorable to holders, and
receipts at the ports have further diminished, so that the statis¬
tical position has shown but a
slight increase in the visible sup¬
ply over the corresponding date last year. Yet the advance in
prices has been slow and fitful. The most decided improvement
e rly in the week was in
February delivery, but the greatest
a tivity was in the
Spring months. On*Wednesday, however,
1.400
1,200
same
tures
notwithstanding
was a
advance in spots, with a brisk export, there
general decline in futures. Thursday the market opened
slightly lower.
dull, weak closing.
opening, but
To-day there
was
firmer
a
a
~ Cotton on the spot was more
and
active,
prices advanced £c. on Tuesday and l-16c. on Wed¬
nesday. The increased demand was mainly for export. Thurs¬
day there was a quiet market, and the recent advance was barely
supported.
0 7.38
UPLANDS.
Sat.
Mon Tues
Ordin’y.#B> 11*4
Strict Ord..
Good Ord..
Btr. G’d Ord
Low Midd’g
NEW ORLEANS.
11*4
115s
11 ®8
11*8
11%
Sat.
11*8
11%
TEXAS.
Mon Tues Sat.
11*8
11%
lli2
1178
11*8
11%
11*8
11%
Good Mid
13^4
Btr. G’d Mid 13*2
13*4
13*2
14
14
14%
13*8
136s
14*8
14%
1478
..
Midd’g Fair
Fair
Wed
Th.
Frl.
13*8
13*8
135e
14*8
13*8
13*8
135e
14*8
13*4
13*2
I47e
1478
15
Wed
13*8
13*8
135s
14*8
14 7g
11*2
1178
13%
14%
Th.
Fri.
12°16
129l6
1278
13*16
13*8
13*8
13*8
14*8
1478
Wed
123s
125s
STAINED.
Sat.
Good Ordinary
Strict Good Ordinary
Low Middling
Middling
13*16
1313.6
145.6
15116
j Con- 8pecport J sump. ul’t’n
CLOSED.
.
.
.
Easier
973
Quiet
471=
Firm, at *8 adv.. 1,105'
Steady at*,6ad.. 1,356
Easier
Weak
21i:
306
i
Total
4,422
330
222
520
509
*20
February.
..
.
100
286
270
2,137
...
000
700
200
....
....
13-23
13-21
13*30
13-32
13-38
500
12,900
For March.
13-23
1.4*0.
13-24
1,300
13-25
13 21
'2,400
4 ,1C0.
13 27
500
Ct’.
1323
...1329
3,100
2,-iOO
10,<00
..
(,400
...13-31
14,m)0
...13-82
11,000
5,800
...13-34
5.500.,..... ...13-35
7.600
10.8)0
12.800
8.300
.
1,000...
1,1 CO
Bales.
1
17,500...
11,600
4,000
1.600
3,400
6,000
«
500
UK)
700
Frl.
11*4
12
12*16
12%
Deliv¬
eries.
1,303 129.900
713 100,800
1,656 131.900
1,965 153,700
600
400
400
800
400
500
88,000
6,710 734,500
....
3,100
delivered the day
300
2,100
2,300
1,20»
500
...13-37
...13-33
1,700
4,300
3,700
6,300
U,200
9,600
14,400
Cts.
Bales.
13-59
.....13-60
1,3'0
14,600
...13-62
12.500
....13-63
8,400
9,00J
.13-65
4,900...i..
2,600
1,300
21,*00
17,100
pre¬
1,800
2,100
2,500
.,
...13-40
...13-42
...13-43
...13-44
...*13-45
...13-46
...1347
...13-43
...13-4.)
...UtO
April.
....13-43
13-49
13-50
....1351
...
2,400...
13‘6-i
....13-69
..13-71
3,400
900
13-73
..
.
_
‘
230,500
For May.
3,200.
4.600..
2,2 K)..
15,700..
6,600.
11,100..
30,500..
12,600..
7,500..
6.600..
13-69
13-70
121500
11,too
....13-53
1,900..
10,700..
12,000..
5,100..
2,400.
1,300
10,500
5,800
6,400
2.5CC
3,900.
1,300
10,5)0
13-75
13-76
1377
IV 78
l ,*00
13-81
13»3
1384
13 85
13-86
,13’67
10,100
*,200
1,600
1,200
600
1,300
1,:00..
For
200...
..
..
For August.
500.
14:03
1.500
1410
1,100
2,800
....14-12
1,700
1,200.
100....
1,-400....
900.
600.
..
500
13-62
..
800....
100.
100.
..
13-60
400.
..
.1275
6,500
Fr*r
12-78
December.
100.
.T-2-32
400
12-80 1
12-81 |
too
1283
2*0
12-84
12-85
200....,
200....,
400.
12*82
*
200....
1
'me
.12-34
.12-35
.12-36
.12-38
.12-39
.1^40
.12-42
..
100....
6,700
following exchange lias been
*02
pd. to exch. 100 Feb.
s. n.
13-80
13 87
13-89
13*00
13-91
1 <-02
13-93
13 94
13-0.3
13-06
13 97
13 98
13-99
1400
1401
1402
14 03
1404
14 05
14 06
14 08
14 00
July.
1,900
made
for regular.
during the week
:
The following will show the
range of prices
and the closing bid and asked on
each
Futures
Saturday.
Market.
Firmer.
For Day.
High.
Low.
paid for futures,
day iD the past week.
Monday.
Tuesday.
Firmer.
Closing.
For
Bid. As*
High.
Feb’ry.
March
Day.
Low.
1317-1308 13-10 11 13-24-1315
13-35-J3-23 13-27 28 13-40-13-28
April... 13-60-13-48 13-51 52 13-63-13-52
13-80-13-69 13-71 72 13-83-13-72
May
June... 13-99-13-86 13-90 91 14-01-13-91
July... 1406-13-97 14-00 02 1412-1401
August. 14-18-14-09 1410 12 1417-1409
Sept’br. 13-63-13-56 13-56 59
-13-60
October 12-73-12-66 12-66 69 12-77-12-69
Nov’ber 12-40-12-32
12-43-12-34
.
—
Dec’ber
Tr. 01-d.
Closed
—
-12-32
—
—
—
—
—
-
Firmer.
Closing.
For
Bid. Ask
High.
Day.
Closing.
Low.
1318 20 13-28-13-25
13-31 — 13-45-13-37
13-54 55 13-69-13*60
13-74 75 13-90-13-80
13-93 94 1406-13-98
14 03 04 1417-1408
14-12 14 14-25-14-18
13-59 62 13-6913-64
12-69 72 12-81-12-78
—
13-15
.
For Day.
—
—
—
—
13-20
Bid. Ask
13-32 33
13-44 45
13-69
13-89
14 06 07
14-16 17
14-25 26
13-70 73
12-80 82
-
—
12-50-12-43
-12-40
13-35
—
Strong.
Feb’ry.
March
.
April...
May
...
June...
July...
August.
Sept...
October
Nov....
Dec’ber
Tr. ord.
Closed.
*
Closing.
For
Day.
Closing.
Eigh. Low. Bid. Ask High. Low. Bid. Ask
13-39-13 29 13-27 — 13-32-13 20 13-22
23
13-50-13 35 13-37
13-41-13-29 13-32 33
13-73-13-58 13-61 62 13-63-13-53 13-56
57
13 92-13-78 13-82 83 13-8313-73
13-77
1409-13-98 13-99 * 1400-13-92 13-91
1419-1407 1409 11 1411-14-02 1404
14-29-14-16 1417 19 14-18-14-09 1412 14
13-70-13-60 13-60 63 13-60-13-56 13-59 63
12-85-12-71 12-75 77 12-77-12-75 12-75
80
12-50-12-38
12-42-12-38
12-4212-39-12-34
13-30
13-25
Steady.
Firm.
-
-
—
—
—
—
—
—
—
—
14-01.
Short notices,
For
Day.
Closing
HiBh.
TjOW.
13-26-13-22
13-3813-29
13-61-13-53
13-82-13-73
13-99-13-92
14-09-1404
14-1714-12
13-6113-60
Bid. Ask
13-22 23
13 29 30
13 53 59
13 73 74
13 91 93
1401 03
14*09 11
13-55 58
12 80-12-75 13 74 77
12-48-12-45
—
—
—
—
._
—
February: Saturday,
1313; Tuesday, 13*23®13;24.
The Visible Supply of
—
-12-36
13-25
Quiet, steady.
13-15-3>13'08: Monday, 13-22®
Cotton, as made up by cable and
telegraph, is as follows. The Continental stocks are the
figure*
of last Saturday, but the totals for Great
Britain and the afloat
for the
Continent
this week’s
are
returns, and consequently
brought down to Thursday evening; hence, to make the total’s
the complete figures for
to-night (Feb. 13), we add the item of
exports from the United States, including in it the
exports of
Friday only,
1880.
1879.
1878.
1877.
Stock at Liverpool
Stock at London
hales
Total Great Britain stock
Stock at Havre
Stock at Marseilles
Stock at Barcelona
Stock at Hamburg
Stock at Bremen
Stock at Amsterdam.
Stock at Rotterdam
Btock at Antwerp
Stock at other conti’ntal ports.
485.000
36,950
458.000
521,950
62,100
2.300
19,153
127,750
58,500
516.500
3,000
8,250
2,500
1.300
1 8.030
10.750
29.750
22,800
1,200
8,500
558,000
12,250
846.000
32.750
570.250
179.250
4,750
31.500
174,000
7,500
34.000
30,750
878,750
3,500
65.500
13,000
42.750
67.500
10,500
599
2.250
2,932
11.000
7.250
6,000
7,750
10,500
Total continental ports....
130,419
198,750
313,750
392,750
Total European stocks..
India cotton afloat for Europe.
Amer’n cotton afloat for Eur’pe>
Egypt,Brazil,&c.,aflt for E’r’pe>
Stock in United States ports
Stock in U. 6. interior ports...
United Stftes exports to-day..
652,369
715,250
88.469
78,000
508,080
37,028
994,391
195,906
9,000
667,000
884,000 ]L,271,500
91.000
133,000
629,000
618.000
35,000
55,000
915.791
891,814
136,470
93,290
19,000
6,000
..
18,000
846,873
119,771
23,000
5,500
Total visible supply
2,485,243 2,467,894 2.710,261 3.071.604
Of the above, the totals of American and
other descriptions are as
follows:
A mcrican—
Liverpool stock
..
Continental stocks
.
American afloat for Europe..
United States stock.
United States interior stocks.,
United States exports to-day..
.
.
.
Total American
East Indian, Brazil, <£c.—
Liverpool stock.
Egypt, Brazil, &c., afloat..
Total East India, <fcc
Total American
Total visible supply
Price Mid. Upl., Liverpool
..
..
.
..
368,000
107,000
503,080
994,391
335,000
160,000
667,000
846,873
119,771
23,000
195.906
9,000
395,000
257,000
629,000
915,791
136,470
19,000
550,000
300,000
618,000
891,814
96,290
6,000
.2,182,377 52,151,644 2,352,261 2,462,104
.
London stock
Continental stocks
India afloat for Europe
13-97
14-00
lfOl
Ctg.
12-32?
12-34
12-38
12-39
'12-40
12-41
12-42
12-43
1245
.12-46
12-48
12-50
1,000
1,3'JO
..
..
83,600
400
"300
17,700
For September.
200
13-56
200.
,
....13-91
....13-92
For June.
700
900
400
200
13-71
13-72
13-73
13-74
7,000.. ........13*9
16,30o..
'3-80
10.800.
1! ,400.
....
.
1,300
1,000
Cts.
...13-88
...13-89
185,800
..
....13-52
....13-53
13-54
,....13-55
..'.13-56
13-57
17.400
23.900
..
800
154,S00
For
Bales.
12,700
...
Frl,
497 124.200
151
..
1 18 700
1272
1273
1274
Variable.
1238
125Q
Sales.
576
..
200.
100
100
.
200...
500...
200...
1,' 00.
200...
300...
300.
100..
1,900..
400..
20')..
100..
10)..
Friday.
•
....
31
.
14-25
Lower.
For forward delivery the sales have reached
734,503 bales (all middling or on the basis of during the week
and the
following is a statement of the sales and pricesmiddling),
:
Cts,
100 8.Q. Ilthl308
600
13-08
200
1310
100
13-14
200 s.n. 9 h.13-15
1,000
13-15
600
1316
3*30.
13" 17
500
300
13-19
100 s.n. 10thl32)
900
200'p. n
13*21
100 s.n 10thl3-22
900
100 e.n. i2thl3-23
900....
13-23
100 s.n. 12tU 1324
500
800
13-25
300
100.
13-27
100
1,000
200.
600.
Thursday.
FUTURES.
Tran¬
Total.
sit.
The daily deliveries given above are
vious to that on which they are reported.actually
For
Bales.
1,000.
500
500
700.
..
.
3 0.
Irregular.
Til.
SALES OF SPOT AND TRANSIT.
Ex-
....
800.....
600
.
1,600.
For October.
2)0...
200.
.12-69
300...
100.
15
$ lb. Uhe HM« 11*18 11*4
11H
11. 10 11**16 12*4
12
12
12*8
12*8
126,6 125,6 125,6
12*16 129,6 1211ir 12%
1234
SPOT MARKET
2<H>
1,200
14-22
14 23
Market.
139.6 139,6 13*10
1313,0 13**16 13**16
145.6 14*16 14*16
151ie 15*16 10*16
Mon Toes Wed
5,400
400
500
300
...14-09
...1410
2,000
14*19
..
13%
14%
MARKET AND SALES.
Bat..
Mon
Tues.
Wed
Thurs
Fri.
200
.
...
....
100.
POO.
600.
Steady.
1215.6 1215i0 1216,6
139i6
1313,0
145,0
151.6
.
November.
100.
Wednesday.
13*8
Middling... 13316 13316 13*16 13*16 13&i6 135.6 135.6 13*8 13*8
13*16 135,6
Good Mid.. 13L6 137j6
13716
13916
Btr. G’d Mid 13ili6 131*16 131*16
1313i6
Midd’g Fair 14*16 14*16 14*16 145.6
Fair
1415,« 14*5,6 141516 151.6
1,100
For
Bales.
Steady.
U710 117i6 11*16 11*16 11*16
11*16 11*16
Strict Ord. lUne 11**16 111*10
IU&16 1H&16 111510 11*^16 111510 11*16
lllo,9
Good Ord.. 1214
12*4
12*4
123s
1238
12*8
12*8
....1406
1,600
....1407
1,300......
Cts.
13-69
13*70
13*71
Futures
Til.
12 5g
.
14-17
1,700
..
1,000.
..
Bales.
390...
200...
200.
10O.-..
13*4
13*2
Ordin’y.$S>
Btr. G’d Ord 12*2
12*2
12*2
I25a
125e
12*8
Low Midd’g I2i316 121316
121316 12*5ie 1215.6 1215.6
Btr.L’wMid 13
13
13
13*8
13*8
13*8
Cts.
...
...
Mon. Tnei
i2*16 12*16 12*16 12*16 123.6 125.6 12*16
12*16 12*!* 12^16 127,6 127.6 129.6 127l6 123,6
12716
1258
1258
12%
12%
12 7s
12%
12%
12%
Str.L’wMia 121316 121316 12*5!6 12*5,6
1215.6
13116 1215,6 12*5,6
13
Middling... 13
13*8
Bales.
1,500
700.
....1403
14’04
...
To-day there was little doing, and the close was
nominal at 13 3-16c. for
middling uplands.
The total sales for forward delivery
for the week are 734,500
bales, including — free on board. For immediate
delivery the
total sales foot up this week
6,710 bales, including 4,422 for export,
2,137 for consumption, 151 for speculation, and
in transit. Of
the above, 225 bales were to arrive. The
following tables show
the official quotations and sales for each
day of the past week:
Feb. 7 to
Feb. 13.
.....
•800
‘400.
an
weak and closed
Cts.
2,700
|_VOL. XXX
,.
117,000
36,950
23,419
88,469
37,023
.
123,000
163,000
58,500
12.250
38,750
78,000
91,000
18,000
35,000
56,750
296,000
32,750
92,750
133,000
55,000
302,866
316,250
358,000
609,500
..2,182,377 2,151,644 i2,352,261 2,462,104
..
2,485.243
7**1.
‘,467,894 2.710.261 3,071.604
5381.
6*8d.
611i6(J.
February
THE CHRONICLE
14, 1S80.}
The above figures
indicate
increase in the cotton in sight to¬
night of 17,34') bales as compared with the same date of 1879,
a decrease of 225,018 bales as compared with the corresponding
date of 1878, and a decrease of 580,361 bales as compared with 1877
In the preceding visible supply table we have heretofore only
included the interior stocks at the 7 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 19 towns
given weekly in our table of interior stocks instead of only the
an
We shall continue this double
old 7 towns.
statement for
a
finally shall simply substitute the 19 towns for the 7
in the preceding table.
time but
towns
A me)'lean—
Liverpool stock
bales
Continental stocks
American afloat to Europe....
United States stock
United States interior stocks..
United States exports to-day..
Total American
East hidian, Brazil, dze
1880.
1879.
1878.
1877.
308,000
335,000
160,000
667,000
846,873
395,000
550,000
300,000
618,000
891,814
174,977
6,000
107.000
508,080
904,301
345.975
190,765
9,000
23,000
2 ,332,446
257,000
629,000
915,791
233,103
19,000
2,222,038 2,448.394 2,5 40.791
173
1. That the total receipts
from the plantations since Sept. 1 in
4,332,192 bales; in 1878-79 were 3,777,302 bales; in
were 3,591,590 bales.
2. That although the receipts at the out
ports the past week
were 119,854 bales,
the actual movement from plantations was
only 107,913 bales, the balance being drawn from stocks at the
interior ports.
Last year the receipts from the plantations for the
same week were 127,489 bales, and for 1878
they were 112,485 bales.
1879-80
1877-78
were
Weather Reports by Telegraph.—There has been
more or
less rain in most sections the past week, and as it closes there
is
disturbance reported in a portion of the Southwest.
Galveston, Texas.—There have been drizzles at this point on
five days, the rainfall
reaching fifty-seven hundredths of an
inch; but it was not enough to do much good, and we are need¬
ing more badly. Average thermometer 58, highest 72, and low¬
a severe
est 41.
•
Indianola, Texas.—We have had mists on four days, and the
balance of the week has been
cloudy. The thermometer has
ranged from 40 to 73, averaging 56. Farm preparations active.
The rainfall for the week is
fifty hundredths of an inch.
Corsicana, Texas.—There have been fogs on two days and kill¬
ing frosts with ice on two nights during the past week. The ther¬
mometer has averaged 58, with an extreme
range of 32 to 70, and
we
have had
a
rainfall of nine hundredths of
an
inch.
Since the
recent
rains, prospects have greatly improved.
Liverpool stock
117,000
123,000
163,000
296,000
Dallas, Texas.—We have liad showers on two days, the rain¬
London stock
36,950
58,500
12,250
32,750
fall reaching fifteen hundredths of an inch, but
Continental stocks
23,419
38,750
56,750
92,750
they were not
India afloat for Europe
88,469
78,000
91,000
133,000 enough to do much good, and more rain is wanted.
There have
37,028
Egypt, Brazil, &c., afloat
18,000
35,000
55,000 been killing frosts with ice on two
nights. Average thermome¬
ter 58, highest 76, and lowest 32.
Total East India, &C
302,866
316,250
353,000
609,500
Total American
2 ,332,446 i>,222,633 2,448,894 1 2,540,791
Brenham, Texas.—The weather has been cold and dry all the
week,
the thermometer averaging 55, and ranging from 40 to 71.
Total visible supply
2,635,312 2,538,8S8 2,806,894 3,150,291
is progressing.
Plowing
These figures indicate
increase in the cotton in sight to-night
Neva Orleans, Louisiana.—Rain has fallen on two
days, to a
of 96,424 bales as compared with the same date of 1879, a depth
of nineteen hundredths of an inch. The thermometer has
decrease of 171,582 bales as compared with the
corresponding date averaged 59.
Shreveport, Louisiana.—The weather during the week has
of 1878, and a decrease of 514,979 bales as compared with
1877.
been dry, and roads are in fair condition.
Cotton is coming in
At the Interior Ports the movement—that is the
receipts slowly. The thermometer has averaged 54, the extreme
range
and shipments for the week, and stocks
to-night, and for the having been 35 to 73, and the rainfall has reached twenty-one
corresponding week of 1879—is set out in detail in the
—
_
following
statement:
Week
ending Feb. 13, ’80. Week ending Feb. 14, ’79
Receipts Sbipm’ts
Augusta, Oa
Columbus, Ga....
Macon, Ga
Montgomery, Ala
Belma, Ala
Memphis, Tenn..
Nashville, Tenn..
3,213
1,634
6,401
425
1,758
3,642
2,729
2,223
Receipts Shipm’ts Stock.
14,002
19,410
3,887
8,949
11,878
122,347
15,433
478
972
3,225
1,260
13,520
1,763
5,036
25,018
1,415
32,471 195,906
24,115
42,566 119,771
3.500
1,491
1,201
11.153
Stock.
12,629
1,812
Total, old ports.
21,340
Dallas, Texas*.
Jefferson, Tex*..
Shreveport, La
Vicksburg, Miss*
Columbus, Miss..
Eufaula, Ala
Griffin, Ga
Atlanta, Ga
Rome, Ga
Charlotte, N. C..
St. Louis, Mo
Cincinnati, O-...
..
1,500
1,422
750
..
700
2,824
2,093
1,776
5,100
1,286
850.
4,339
3,656
2,130
860
4,070
787
906
5,384
5,756
5,514
433
638
538
892
565
837
1,846
2,355
2,309
16,443
10,258
3,855
6,785
5,421
65,282
11,714
1,321
3,678
5,400
4,512
5,788
479
14,903
7,000
1,431
393
3,361
632
3,633
223
170
1,362
719
1,695
1,642
1,033
11,1064,570
10,245
4,402
2,728
13,363
4,804
1,817
81,909
10,601
1,805
1,003
7,807
6,008
Total, new p’rts
31,785
32,595 150,069
32,100
37,001
Total, all
53,125
65,066 345,975
56,215
79,567 190,765
*
882
This year’s figures estimated.
The above totals show
that
'
the
.
old
818
9,986
6,648 ‘
5,107
4,716
1,750
3,160
1,611
6,103
5,084
875
30,614
6,975
70.994
an
„
inch.
Vicksburg, Mississippi.—Telegram not received.
Columbus, Mississippi.—The earlier part of the past week
clear and
was
pleasant, but during the latter portion it has rained on
two days, the rainfall
reaching twenty-four hundredths of an
inch.
The thermometer has ranged from 44 to 70,
averaging 57.
Little Rock, Arkansas.—Wednesday and
Thursday of the past
week were cloudy with rain, but the remainder of the week has
been clear.
It is now cloudy and damp, with a
strong northwest
wind blowing.
The thermometer has averaged 50 during the
week, ranging from 26 to 68. The rainfall is one inch and
ninety-nine hundredths.
Rashville, Tennessee.—Rain has fallen on two days the past
week, to a depth of two inches and eiglity-three hundredths.
Average thermometer 43, highest 68, and lowest 15. We had an
unusually severe storm last (Thursday) night—a tornado.
Memphis, Ternlessee.—We had a heavy rain this (Friday) morn¬
ing. lhe thermometer has ranged from 43 to 60 during the
week, averaging 51.
Mobile, Alabama.—It has be‘en showery two days of the week
and rainy to-day, the rainfall
aggregating twelve hundredths
of an inch.
Average thermometer 57, highest 71, and lowest 37.
Montgomery, Alabama.—The earlier part of the past week
the weather was clear and pleasant, but it has rained on two
days during the latter portion, the rainfall reaching forty-seven
hundredths of an inch. The thermometer has averaged 55, the
highest being 75, and the lowest 34.
Selma, Alabama.—The earlier part of the week was clear and
pleasant, but it has rained on two days during the latter part-^on one day very heavily.
The weather has been mild.
Madison, Florida,—Rain has fallen during the past week on
two days.
The thermometer has averaged 34, the highest being
,
.
interior
stocks
have
decreased during the week 11,131 bales, and are
to-night 76,135
bales more than at the same period last year. The
receipts at the
fame towns have been 2,7 75 bales less than the same week last
year.
Receipts
hundredths of
,
and the lowest 32.
following table is 58,
Macon,
Georgia.—There has been no rainfall during the past
prepared for the purpose of indicating the actual movement each
week,
but
it is now (Friday, P.M.) cloudy. The thermometer
week from the plantations.
Receipts at the outports are some¬ has
times misleading, as they are made up more
ranged
from 29 to 77, averaging 51.
largely one year
than another, at the expense of the interior stocks.
Columbus, Georgia.—We have had no rainfall during the week^
We reach,
therefore, a safer conclusion through a comparative statement The thermometer has averaged 58, with an extreme range of
38 to 71.
like the following
Savannah, Georgia.—We have had rain on three days, the
receipts from plantations.
rainfall reaching fifty-nine hundredths of an inch, but the bal¬
Week
Receipts at the Ports. Stock at Inter’r Ports Rec’ptsfrom Plant’ns ance of the week has been
pleasant. The thermometer h&a
ending—
1877-78 1878-79 1879-80 1877-78 1878-79 1879-80 1877-78 1878-79 1879 80
ranged from 40 to 73, averaging 55.
Augusta, Georgia.—Daring the earlier portion of the week we
©ct. 17....
135,054 160,233 181,714 58.745 79,507 81,227 151,908 180.007 194.028
had a light rain on one day, the rainfall reaching thirty hun¬
24....
157,609 162.238 214,461 80,874 07,887 95,993 179,238 180,528 229327
dredths of an inch, but the latter part has been clear and pleas¬
31....
177,330 157,280 245,613 105314 115,034 115,735 202,776 174,427 265,355
Nov. 7....
198,770 182,874 225,087 120,020 149,496 133,905 219,582 217,338 243,257 ant.
Average thermometer 52, highest 78, and lowest 30.
14....
194,571 176,004 220,210 132,403 174,583 187,120 200,354 201,089 273,437 Planters are sending cotton to market freely, the crop of this
21....
200.980 181,376 218,408 180,941 188,491 218,998 205,518 195,284 250.280 section being now nearly all in.
28....
172,210 184,625 249,152 157,082 205,912 264,183 102,357 202,046 294,337
Charleston, South Carolina.—We have had rain during the
Dec. 5....
174,385 220.748 210,187 100,073 230.280 287,109 180,850 251,110 239,093 past week
on one day, the rainfall reaching eighty-five hun¬
18....
202,805 220,291 234,876 185,665 259,129 317,468 21930? 243,140 265335 dredths of an inch.
The thermometer has averaged 53, the
19....
231,594 204,882 218,907 228,559 280,957 343,503 272,488 226,710 244,942
highest
lgnest
being
ta,
72,
and
ana
the
tne
lowest at.
37.
Demg
lowest
26...,
224,634 199,981 207,601 261,870 294.281 364,926 259,951 213,305 229,024
The following statement we have also received by telegraph,
Jan. 2....
165,755 143,155 154,900 253,239 281,634 355,943 157,118 130,508 145,323
9....
142,090 121,091 149,486 236,293 253.647 349,859 125,158 93,104 143,402 showing the height of the rivers at the points named at 3 o’clock
Feb. 12, 1880, and Feb. 13, 1879.
16
153.727 113,613 129,489 237,880 233,236 352,383 154,814 93302 132,013
prom the
Plantations.—The
M
“
“
M
“
M
M
H
M
H
...
“
23....
41
30....
Feb. 6....
M
,
13....
164.050 148,648 168,280
109,186 167,097 137,191
137,138 171,608 112.363
120,090 150,841 119.854
242,013 218,585 358,074 108,692 133,997 173.971
244,494 220,935 361,880 161,667 169,447 140,997
240,708 214,117 357,910 133,352 164,790 108399
233 103 190.765 345.975 112.4*5 127 4*0 107.013
The above statement shows—
New Orleans
Memphis
Nashville
I Shreveport
Vleksbur*
/
Feb. 12, ’80. Feb. 13, ’79.
Feet. Inch.
Feet. Inch.
Below high-watermark..
3
3
11
26
10
Above lew-water mark... 14
14
Above low-water mark... 31
O
4
Above low-water mark...
Missing.
Above low-water mark...
30
39
4
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
month.
We have consequently added to our other standing
tables a daily and monthly statement, that the reader may con¬
stantly have before him the data for seeing the exact relative
movement for the years named.
First we give the receipts at
each port each day of the week ending to-night.
PORT RECEIPTS FROM SATURDAY, JAN. 31, ’80, TO FRIDAY, FEB. 13, ’80.
A
as
"
New
Mo¬
of
Or¬
we’k leans.
bile.
D’ys
1,300
2,478
803
2,831
1,455
Mon 20,600
3,790
848
9,540
Thur 8,288
Fri.. * 8,000
159
1,540
1,218
1,448
305
940
1,418
1,330
Tues
Wed
155
1,259
1,645
185
1.666
106
1,994
237
2,132
2,186
8,147
62
Estimated.
The movement each
11,289
34,438
12,915
18,057
17,632
25,523
936 17,035 119,854
*
-
month since Sept. 1 has been as
last
.
follows:
EXPORTS TO EUROPE FROM ALL
Shipments
to all Europe
This
week.
from—
Year
Deoemb’r
333,643
888,492
942,272
956,464
January
647,140
October..
Novemb’r
169,077
610,316
740,116
821,177
637,067
236,868
675,260
901,392
787,769
500,680
98,491
578,533
822,493
900,119
689,610
288,848
689,264
779,237
893,664
618,727
1875.
1876.
‘1877.
1878.
1879.
Etept’mb’r
Beginning September 1.
},768,011 3,269,740 3,089,246 3,101,96
Perftage of tot. port
76-82
7103
73-52
ifcteipts Jau. 31..
Tot. year.
1874.
134,376
536,968
676,295
759,036
444,052
‘1‘hiB statement shows that up to Jan. 31 the receipts at the
ports this year were 498,271 bales more than in 1878-79 and
678,765 bales more than at the same time in 1877-78. By adding
to the above totals to Jan. 31 the daily receipts since that time, we
shall be able to reach an exact comparison of the movement for
the different years.
'
1878-79.
1879-80.
Tot. Jn.31
2....
“
3....
44
4....
5....
w
4
7....
21,929
11,289
8....
S.
9....
34,438
12,915
18,057
17,632
25,523
44
10....
44
11....
44
12....
44
13....
S.
22,580
20,354
15,208
15,582
6....
4
1875-76.
1874-75.
S.
23,729
38,564
23,999
23,378
25,634
24,175
-
ITT,084
19,076
S.
14,337
S.
20.117
25,716
8.
35,541
20,000
22,343
16,653
22,806
15,100
11,093
17,152
15,318
16,721
21,174
20,601
23,468
22T487
28,011
28,495
19,795
36,304
S.
44
44
1876-77.
28,732
25,353
34,476
19,174
S.
19,637
25,768
15,706
26,965
S.
20,332
26,011
14,452
20,184
19,055
22.370
23.264
29,647
16,269
21,018
20,075
24,479
S.
S.
17,146
27,461
15,578
16,994
16,817
14,124
15,019
3,983,518 3,562,591 3,340,283 3,362,403 3,196,650 2,752,815
Percentage of total
78-72
76 27
83*27
76-86
80-10
p*rtrec’Dts Feb. 13.
This statement shows that the receipts since Sept. 1 up to
Total
Since
Jan. 1.
week.
8,000
64,000
.14,000
7,000
6,000
45,000
22,000
3,000
95,000
26,000
10,000
78.000
13,000
67,000
11,000
121,000"
ports.
hereafter receive a weekly
Liverpool and Alexandria, we shall
cable of the movements
Alexandria, Egypt,
Feb. 12.
*
5,000 184,000
7,000 121,000
14,000 219,500 10,000 121,000
3,000 52,500
5,488 125,757
To Continent
19,488 345,257 13,000 173,500 12,000 305,000-
Total Europe
A cantar
This
Since
week. Sept. 1.
This
Since
week. Sept. 1.
Since
This
week. Sept. 1.
Exports (bales)—
To Liverpool
45,000
2,369,000*
50,000
1,425,000
75,000
3,050,000
This week....
Since Sept. 1
and for
1878.
1879.
1880.
Receipts (cahtars*)—
The
of cotton at Alexandria, Egypt.
following are the receipts and shipments the past week
the corresponding weeks of the previous two years.
is 98 lbs.
This statement shows that the receipts for the week ending
Feb. 12 were 75,000 cantars, and the shipments to all Europe
19,483 bales.
report received from Manchester
to-day (Feb. 13) states that prices of both twists and shirtings
have again advanced slightly, the quotations now being 11
llfd. for twists, 7s. 6d.@8s. 6d. for shirtings; our report further
states that the tendency of the market is quieter. ; We leave
previous weeks’ prices for comparison.
Manchester Market.—Our
1878-79.
1879-80.
3,768,011 3,269,740 3,089,246 3,101,969 2,977,753 2,550,727
Feb. 1,...
“
1877-78.
week.
years up to date, at all India ports.
Alexandria Receipts and Shipments.—Through arrange¬
ments we have made with Messrs. Davies, Benachi & Co., of
*
72-94
This
Since
Jan. 1.
This
Since
Jan. 1.
This last statement affords a very interesting comparison of the
total movement for the week ending Feb. 12, and for the three
2,977,753 2,550,727
~7105
1878.
10,000
Bombay
Total
INDIA.
1879.
1880,
s
Monthly
Receipts.
of India, therefore, a the tot&T
January 1, 1880, and for the
of the two previous years, are
follows.
as
To tfal.
1,890
2,950
2,058
1,467
2,010
6,541 12,369
7,776 15,619
7,474
Tot. 52.104
1,116
1,037
1,092
All
ton.
191
year.
For the whole
shipments this week and since
corresponding weeks and periods
of
All other
ming¬ others.
folk.
1,003
2,142
2,059
2,804
3,305
Wil¬
Nor¬
Char¬ Savan¬ Galleston. nah. vest'n.
1,482
3,262
1,886
Bat.
[VOL. YTY
THE CHRONICLE.
174
Shirtings.
s.
d. 8. d.
d.
12 io^-sio^ 6 10Lj@8
44
9 @8
19 10 @ 107e 6
“
9
@8
26 10 @107s 6
Jany. 2 10 @107e 6 9 @8
0 @8
9 1038®103i 7
“
16 10L}®1078 7 1^@8
“
23 10L2@1078 7 3 @8
44
7 3 @8
30 10^2)11
Feby.
6 11 @11% 7 3 @8
44
13 1H8@11% 7 6 @8
Dec.
European
Cott’n
32s Cop.
Mid.
Twist.
8% lbs.
32s Cop.
Twist.
Uplds
d.
1^
d.
613ie 7562>814
0
0
0
3
7»s@814
67a
6iale 778@858
7%@8L2
4Lj
7*8
6
6
6
6
7
778®858
778®8l2
7%@81«
7%@8Li
7®8®812
7*16
7%
...
Consumption.—By cable
Co.’s figures of consumption up to
orial columns will be found an
embodied.
d.
d.
7
we
8% lbs.
Cott’n
Mid.
Shirtings.
Uplds
8.
5
5
5
5
5
5
5
5
5
5
d.
3
3
3
6
6
s.
@7
@7
@7
@7
@7
7Lj@7
7Lj@7
6
6
6
@7
@7
@7
d.
d.
4*2
4^2
4
6
6
7 ifl
47e
5ii6
5*16
538
5616
530
7L3
55ia
6"
53a
538
7h
7^2
5916
have Messrs. Ellison &
February 1, and in our edit¬
editorial in which they
are
The results reached will be of interest to our cottom
*
readers.
Ellison & Co.’s Annual Cotton Circular will also be found in
to-night are now 420,927 bales more than they were to the same
day' of the month in 1879, and 643,235 bales more than they full in our editorial columns.
We add to the last
were to the same day of the month in 1878.
Gunny Bags, Bagging &c.—Bagging is not in demand at the
table the percentages of total port receipts which had been
moment,
and but few parcels are being taken. There is only a
received to Feb. 13 in each of the years named.
jobbing
inquiry
reported by dealers, who are firm as to price,
India Cotton Movement prom all Ports.—The figures
and no disposition is shown to accept less than quoted figures,
which are now collected for us, and forwarded by cable each
which are 9%c. for 1% lb., lO^c. for 2 lb. and ll%c. for
Friday, of the shipments from Calcutta, Madras, Tuticorin, Car- standard
grades. A better demand is looked for later on. Jute
war, &c., enable us, in connection with our previously-received butts have come to hand more
freely, but most of the lots were
report from Bombay, to furnish our readers with a full and placed before arrival. But little was done until to-day, when
complete India movement for each week. We first give the sales tb the amount of 3,000 bales were made at 3@3 l-16e., the
Bombay statement for the week and year, bringing the figures market
closing firm at this figure, while spinning qualities are
down to February
12.
V
Great
Year Great Conti¬
Total. Britain.
Brit’n. nent.
1880 5,000 5,000 10,000
7,000
1879 7,000
1878 3,000 5,000 8,000
1877 15,000 27,000 42,000
Receipts.
Shipments since Jan. 1.
Shipments this week
held at 3 3-16@3 5-16c.
SHIPMENTS FOR FOUR YEARS.
BOMBAY RECEIPTS AND
26,000
24.000
28,000
56,000
Conti¬
This
Total.
nent.
Since
Jan. 1.
27,000
116,000
18.000
27,000
87,000
172,750
bales. So far as the Southern ports are concerned, these
the same exports reported by telegraph, and published in
the Chroniclb last Friday.
With regard to New York, we
include the manifests of all vessels cleared up to Wednesday
24,000
128,000
night of this week.
Week.
38,000
21,000
67,000
43,000
64,000
45,000
95,000
99,000
compared with last year in the week’s receipts of 9,000 bales, and
increase in shipments of 3,000 bales, and the shipments since
January 1 show an increase of 19,000 bales. The movement at
Calcutta, Madras, Tuticorin, Carwar, &c., for the same week and
years has been as follows.
an
CALCUTTA, MADRAS, TUTICORIN,
CARWAR, RANGOON AND KURRACHEE.
Shipments this week.
Year.
1880
1879
1878
1877
Great
Britain.
Conti¬
2,000
4,000
nent.
Total.
Shipments since January 1.
Great
Britain.
Conti¬
nent.
Total.
3,000
6,000
3,000
8,000
14,000
11,000
12,000
6,000
8,000
15,000
14,000
22,000
26,000
12,000
week show that the movement from
other than Bombay is 6,000 bales less than same week
.k
Total bales.
’
Liverpool, per steamers England, 585
City
Chester, 605
City of Richmond, 623
Arizona,
New York—To
of
2,OOO....Scythia, 574...;
To Bremen, per steamer Neckar, 543
New Orleans—To Liverpool, per steamers Orator,
Jamaican, 4,100
per ships Morning Star,
Victory, 5,461
per bark Empire
steamer Ayton, 3,420
To Havre, per
To Genoa, per
-
3,000....
4,216....
of Peace, 5,470
brig Plod, 930.
Mobile—To Naples, per schooner C. M. Newins, 1,300 ;
Charleston—To Liverpool, per barks Osmond O’Brien,
Upland and 242 Sea Island
197 Sea Island
To Bremen, per
The above totals for this
Ihe ports
77,389
are
Bombay appears to show an increase
According to the foregoing,
Shipping News.—The exports of cotton from the United
States the past week, as per latest mail returns, have reached
barks Galveston, 2,275 Upland
and
Johanne
Marie, 2,100 Upland
bark Tres Auroras, 1,250 Upland
brigs Frimciseo, 620 Upland
Lealtad, 890 Upland
To Barcelona, per
2,338
Ponema, 1,850 Upland
per
PORT Royal—To Liverpool, per bark Hugh Cann, 3,644 Upland.
Savannah—To Liverpool, per bark Athlete, 2,926 Upland
To Bremen, per barks Atalanta, 2,075 Upland....Schiller,
JU70 Upland
4,387
543
22,247
3,420
930
1,300
4,627
4,375
2,760
3,644
2,926
February
Savannah
THE CHRONICLE
14, 1880,]
(continued).
Total Bales.
Ghent, per bark Edwin, 1,400 Upland
To Gothenburg, per bark Ellida, 1,126 Upland
To Genoa, per bark Atlantic, 1,600 Upland
Texas—To Liverpool, per ship Astracana, 4,403
per barks
Pomona, 1,395—Bion, 1,290
per brig Azha, 516
To Bremen, per bark Stephanie, 1,009
Norfolk—To Liverpool, per ship Eurydice, 4,201
.Baltimore—To Liverpool, per steamers Caspian, (additional)
760
Circassian, 1,361
To Bremen, per steamer Ohio, 1,300.
Boston—To Liverpool, per steamers Olympus, 122
Iowa, 96
Canopus, 1,281
Philadelphia—To Liverpool, per steamer Indiana, 125.
To
1,400
1,126
1,600
The tone of the
week
been
1
7,604
1,009
4,201
2,121
1,300
1,499
125
Liverpool market for spots and futures each day of the
ending Feb. 13, and the daily closing prices of spot cotton, havo
as
follows:
Saturday Monday. Tuesday. Wednes. Tliursd’y
Spot.
Market,
12:30
p.m.
Active
)
Harden’g.
J
Mid. Upl’ds
Mid. Orl’ns.
Market.
?
5 P. M.
J
7k
738
particulars of these shipments, arranged in
follows:
The
rfoirm,
77,389
our
usual
are as
Liver¬
Bre¬
Havre.
pool.
..
...
-
Philadelphia
Gothen- Barce- Genoa <fc
burg. Iona. Naples. Total.
4,930
3,420
^
4,627
4,375
930
26,597
1,300
1,300
11,762
3,644
11,297
2,760
3,644
2,926
7,604
4,201
2,121
1,499
4,245
1,009
1,400
1,600
1,126
8,613
'4,201
3,421
1,499
1,30*6
125
125
.3,420 11,472
Total... 53,381
Below
Ghent,
543
.New York... 4,387
N. Orleans... 22,247
Mobile
■Charleston
Port Royal..
'Savannah
'Texas
Norfolk
Baltimore...
Boston
men.
give all
1,400
1,126
2,760
3,830
77,339
received to date of disasteis to vessels
carrying cotton from United States ports, etc.:
we
news
No date—Schooner Earl P. Mason, Nickerson, at Fall River Feb. 1, from
Mobile, reports: When some ten miles southward of the Tortugas,
fell in with a quantity of cotton adrift, and in passing through it 31
bales were picked up. The bales have the appearance of having
been afloat some time, as they are much worn by the action of the
water and marks all washed off.
No date—On several of the 52 bales cotton taken into Key West by the
schooner Pioneer, is the mark “Anderson & Simpson, New Or¬
leans,” and the following marks can be made out on twelve bales:
G P O—N(in a square)-DIC—TOH; PVG—B &B; NOBDEN; NOP, a
C below LKS; W AG. Other marks are washed off. The cotton
was picked up near Cardenas.
Another schooner picked up about
20 bales near Bimini and carried it to Nassau.
A brig was seen to
pick up one bale, but whether it had more not known. That taken
Spec. A
exp.
the Are and threw overboard about 40 bales of cotton and some
other freight, when the Are was subdued. The ship sustained no
damage, but part of the cargo was damaged by water.
Clan Stuart (steamer), Br., from NewOrfeans, before reported aground
in the Scheldt, arrived in Antwerp Roads, January 22, in tow of
six tugs; vessel tight. She continued to lighten.
Graf Bismarck (steamer), Ger., from Charleston, at Reval Feb. 9, was
in collision with the pier at Dover, and lost bridge.
Hansa (steamer), Ger.—Tlie wreck, with the cargo still on board, was
sold by public auction at Terschelling, on January 20, and realized
about £147.
Charles (ship), Br.7 Raymond, loaded with .5,000 bales cotton for
Havre, was again discovered to be on fire at New Orleans, Feb. 6.
Twenty bales of cotton were broken out, when a half pound of
gunpowder was discovered between bales forward of the main
natch, clbse to where the Are occurred. The cause of the Are is to
be investigated.
Lovise (ship), Nor., at New Orleans for Havre, before reported on Are,
on
Ac., flnislied loading, and sailed from former port Feb. 9.
North Carolina (bark), Br. The attempt to raise and take bark North
Carolina into Bermuda has failed. She was pumped out with the
aid of two steam pumps, and the water got under control; but in
towing her from among the rocks the anchor, which had made a
hole in her bottom and was secured from the inside, became en¬
tangled in the rocks, making the hole larger, and when the vessel
15,000
1,000
2,000
14,000
2,000
Firm.
7k
7k
79ig
79i0
Firm.
7k
7^8
18,000
3,000
15,000
2,000
Flat.
Firmer.
25.000
*10,000
Futures.
Market,
5 P. M.
£
Quiet.
J
Dull.
Firm.
Quiet.
The actual sales of futures at Liverpool for the same week are
given
below. These sales are on the basis of Uplands, Low
Middling clause,
unless otherwise stated.
Saturday.
Delivery.
d.
Feb.-Mar
793o® 14
Mar.-Apr..
7932
April-May -.-7H32®5i6
May-June
7^
Delivery.
d.
June-July
July-Aug
Ang.-Sept
7i332
7i332
7i532
7932
Feb.-Mar
Delivery.
d.
Mar.-Apr
Apr.-May
7&i6
71*32
June-July.. .77i*®1332
Monday.
Delivery.
Delivery.
Feb.-Mar
75i0
Mar.-Apr
7ii32
Apr.-May
73s
May-June ...7i332®716
June-July ...7716®i532
7i*
July-Aug
7k
Aug.-Sept
Feb.-Mar
....7ii32
Mar.-Apr
Apr.-May
Aug.-Sept
June-July
73s
71332
71732
7k
Feb.-Mar—....7516
Delivei'y.
Mar.-Apr
Apr.-May
May-June
.71133
73s
June-July
Sept.-Oct..
..
Oct.-Nov
71332
7i532
71732®i«
7%
Tuesday.
Deliver)/.
Mar.-Apr
71i32®38
Apr.-May
73s®1332
May-June
7i»32®k
June-July
July-Aug
7 k® 1732
Sept.-Oct
7k®1732
.
Oct.-Nov
Nov.-Dee
7k
7
Delivery.
71I3o®3q
Mar.-Apr
7i332
Oct.-Nov
7532
Feb
71332
July-Aug
79.6
Aug.-Sept
-.71932
Sept.-Oct
7916
Apr.-May
7716
Feb.-Mar
Delivery.
Feb.-Mar
7i333
May-June
7k
June-July
71'* 32
7I10
Nov.-Dee
May-June
71633
July-Aug
Aug.-Sept
71932
758®l932
Nov.-Dee
7*2
Wednesday*.
Delivery.
.-.71032
Feb
Feb.-Mar
7i&32
7i532
®ks® I®32
Apr.-May
71 s32 @ 1q
May-June —7i532®k
June-July
7i732
Mar.-Apr
..
..
Delivery.
July-Aug
Aug.-Sept
Sept.-Oct
7^8
72132
.72132
.$..7716
Feb.-Mar
Mar.-Apr
Apr.-May
May-June
7?i6
71032
7k
Delivery.
July-Aug
71932
Mar.-Apr
...,7716
June-July
71932
®916® l732®916
July-Aug
...7»16
..7»8
Aug.-Sept
Oct.-Nov
7316
Thursday.
Delivery.
Feb
Feb.-Mar
Mar.-Apr
Delivery.
June-July
Delivery.
..<1732®%
75s
7i332®7i6
71532
71733
•
77i6
7?16
7"ie
@^32®*16
Apr.rMay
7 k ® 1032
May-June 7k®1732® k
79l6
71932
72I32
7732
July-Aug
Aug.-Sept
Oct.-Nov
Nov.-Dee
7%
77 16
Apr.-May
June-July
Aug.-Sept
Mar.-Apr
Apr.-May
June-July
.
Friday.
Delivery.
Feb
Feb.-Mar
Mar.-Apr.
Delivery.
71532 Mar.-Apr
7716®1532 Apr.-May
*
..77i«®1532
A pr-May. 7?!« ® i 632® 12
.71&32®>1732
June-July -.-71732®9iq
Sept.-Oct
7i®32
Oct.-Nov
7316
Nov.-Dee
7332
May-June
.
May-June
Jan.-Feb, 1881
Mar.-Apr
Apr.-May
May-June
July-Aug
..
7 "13
Delivery.
Aug.-Sept
71&32
Sept.-Oct
7®8
72130
7k
Oct.-Nov
7332
7i532
Mar.-Apr
May-June
May-June
July-Aug
7732
7k
71732
7i93a
Oot.-Nov
77je
7i»32
7k
7
®32
731#
BEE ADSTUPPS.
fot into
water
went No
down
head attempt
she be
is now
deeper
further
first, andwill
with
hatches
under
water.
made
to
er
raise jjei*
Castalla (schooner), from Galveston, with 1,558 bales cotton, went
ashore near Long Branch, N. J., on the 3d instant, during the
storm, and has since gone to pieces. The crew was saved by the
73s
7k
10,000
to
Key West was consigned to M. Warren.
No date—Schooner Carleton picked up three bales of cotton at sea while
on the trip from Nassau to Wilmington, N. C.
City of Macon (steamer), at New York from Savannah, reported:
Jan. 31, 2 P. M., off Martin’s Industry, discovered lire in upper be¬
tween decks among the cotton bales; got four streams of water
and
firmer.
up.
73s
7k
Friday.
Active
Tending
and
firmer.
Sales
Total.
175
Friday, P. M., February IS, 1880.
There
much better demand for flour
early in the week,
and, with supplies quite moderate, holders found little diflL
culty in obtaining more 'money. There was some disposition
have been as follows:
to put out contracts for future delivery, and $5 60 was a price
Fri.
Tues.
Wednes. Thurs.
bid for extra State for April delivery. The improvement in prioea
Satur.
Mon.
was pretty general, yet most decided ifl the low and medium
Liverpool, steam d. 3is® k' 3ie®k 3i6®k ke®1* 3i6®k 316® *4
Do
sail...<L
B32
632
grades. Eye flour, com meal and buckwheat flour did not
B32
B32
B32
532
Havre, steam—e. 58®..." 5g®...* 5s®...* °8® ...* 50®...* 5s®...* share in the better prices of wheat flour. To-day there was a
k
k
k
Do
sail
c.
k
k
k
dull, weak market.
5s*
=8*
V
Bremen, steam, .c.
The wheat market was quite buoyant early in the week, and
k
k
sail
e.
k
k
k
Do
k
on Monday there was a very large business, including No. 1
Hamburg, steam, c. 50®...* 58®...* 5s®...* 5g® ...* 58®...* 58®-..*
white on the spot, mainly for the Continent, at $1 46%@$147M;
k
k
Do
saAl...c.
k
k
k
k
58
®8
58
®8
®8
Amst’d’m, steam.e.
also at $1 48@$1 48% for March; and No. 2 red Winter at
...®.... ...®....
...®.... ...®....
sail...c. ...®
Do
$1 47%@$1 48 on the spot, $1
50% for March and
Baltic, steam—d. ?16® lB32 716®1B32 7ie®*532 716®1B32 71«®1B32 716®1B32
$1 51%@$1 52 for April. These prices were further improved
Do
sail.
d.
upon in the course of Tuesday and Wednesday, but business
♦Compressed.
was checked, and yesterday there was a sharp decline, espec¬
Liverpool.—By cable from Liverpool, we have the following ially for
Winter growths, No. 1 white selling at $146XA in Store
statement of the week’s sales, stocks, &c. at that port:
and $1 47% for March; and No. 2 red Winter $1 48% for March
and $1 49% for April; No. 2 Chicago and Milwaukee were taken
Jan. 30.
Feb. 13.
Feb. 6.
Jan. 23.
mere freely at $1 39@@$1 40 in store.
Receipts at the West
have been small, and the visible supply is somewhat reduced.
64,000
bales.
81,000
80,000
Sales of the week
54,000
14,000 To-day the market was steadier at the close, with No. 2 red
Forwarded
10,000
10,000
9,000
50,000
54,000
53,000 Winter $1 49 for March and $1 50 for April, but trade and spec¬
Sales American
42,000
4,000
5,000
5,000 ulation quiet.
Of which exporters took....
6,000
Of which speculators took..
4,000
5,000
5,000
9,000
Indian com has been somewhat irregular; prices stiffening*
Total stock—Estimated
479,000
481,000 499,000 485,000
Of which American—Estlm’d
351,000
343,000
372,000 368,000 up somewhat for the more distant deliveries, while lots on the
Total import of the week
74,000 spot were weaker.
37,000
73,000 101,000
Receipts have been large, and stocks con¬
Of which American.
63,000
61,000 tinue liberal.
28,000
81,000
Yesterday
No. 2 mixed sold at 58%@59c. on the
4.000
Actual export............
8,000
6,000
5,000
Amount afloat
305,000 309,000 291,000 294,000 spot and for Februarv delivery, No. 3 on the spot 56Mc., and
278,000
Of which American
253.000
281,000
254,000
“steamer” No. 2 at 57/4@57%c. White com has been in rather
people from Station No. 4.
Cotton freights the past week
•
,
was a
176
IHE CHRONICLE.
better supply. To-day there was no essential change. The
business in No. 2 mixea for future delivery was at 55 %@55%c.
for March and 54^c. for April.
Rye has been
95c. for State
very
firmly held, and sold last evening at 93(8)
the track and afloat and 95^c. foivpanada in
^en
store.
Barley has been quiet. Oats have been qiiite variable,
prices fluctuating widely from day to day, with some specula¬
tion in No. 2 mixed for future delivery.
The close this evening
is dull, with No. 2 graded quoted at 47/£c. for mixed and 48c.
for white.
The
following
FLOUR.
No. 2
Superfine
Spring wheat extras..
do XX and XXX...
Winter sliipp’g extras,
do XX andXXX...
Minnesota patents...
City shipping extras
Southern, bakers’ and
family brands
Soutli’u ship’g extras.
Rye flour, superfine..
5
5
6
5
6
6
5
60®
5 40
50® 5 85
00® 7 15
90® G 40
50 ® 7 25
50® 8 00
65® 6 25
6 75® 7 50
6 15® 6 60
4 75® 5 10
Corn meal—
Western, &c
Brandywine, c....
Buckwheat flour, per
100 lbs
2 80®
3 25®
3 00
3 30
1 60®
1 75
TVTieat
No. 3 spring, $ bu.$l 34
®1 36
No. 2 spring
1 39 ®1 41
Amber winter...
140
®1 47
Red winter, No. 2 1 47^®1 48
White
140 ®1 47
No. 1 w7hite
1461a®147
Corn—West, mixed
56
®
60
Western No. 2
59 ®
60
Western Yellow..
.®
Western ’White...
60 ®
65
94 ® 96
Rye
Oats—Mixed
46 ® 48
White
47 ®
50
82
®1 00
Barley—Canada W.
77
®
85
State, 4-rowed...
70 ®
75
State, 2-rowed...
Peas—Can’d^.b &f.
82
®
95
(From the “ New York Produce Exchange Weekly.’)
c
comprising the stocks in granary
principal points of accumulation at lake and seaboard
ports, and in transit by lake and rail, Feb. 7, was as follows:
Wheat,
In Store at—
Do. afloat (est.)
Albany
Buffalo
Do
afloat
-
Oswego
St. Louis
Boston
Toronto
Montreal (31).
Wheat,
bbls.
At—
(196 lbs.)
Chicago
17,659
Milwaukee....
22,116
Corn,
bush.
bush.
(60 lbs.)
(56 lbs.)
99,033
124,960
36,063
31,491
1,800
133,874
820,460
.
Oats,
Barley,
busb.
bush.
854,000
1,000
750,975
'8,701,205
153,440
4,854,271
270,000
1,252,040
1,660,650
400,000
924,295
236,597
340,534
155,162
502,461
7,212
161,900
762,363
Peoria
Indianapolis..
City..
shipments..’
Lake
Total
Jan. 31. ‘80
Jan. 24, ’80
Jan. 17, ’80
Jan. 10, ’80
Feb.
8, '79
29,593,726
30,089,871
30,809,160
31,023,306
30,309,361
20,604,146
.
Oats,
Barley,
bush.
bush.
796,083
324,000
39,000
491,353
60,000
95,000
1,191,781
17:555
bush.
4,578,8201,111,355
1,807,809
42,631
48,221
175,000
643,017
9,735
220.000
1,457,566
146,925
S8.469
16,440
2,000
159,689
129,910
7.168
33,500
762,363
307,409
223,700
232,012
211,220
1,080,265
1,065,285
Rail shipments....
138,506
Receipts of flour and grain at Western lake and river ports
for the week ending Feb. 7, 1880 :
Flour,
6,401,830
Philadelphia.
Kansas
Corn,
hush.
GRAIN.
& bbl. $4 10® 4 75
State aud
western
The visible supply of grain,
at the
Duluth.
closing quotations:
are
[VOL. XXX.
530,242
611,000
289,000
284,930
705,000
Rye,
bush.
239,734
10,000
57,800
58,235
261,426
611,691
106,364
41,000
6,633
5,342
550,000
80,229
30,449
155,921
130,121
11.839
400,000
129,910
170,400
139,805
270,000
30,449
130,873
43,854
4,500
70,330
6,219
2,776
36,510
153,440
6,219
5,700
12,457
37,581
14,282,836 3,328,269 4,250,946 1,075,924
13,000,353 3,079,306 4,154,588
978,662
12,129,048 3,122,349 4,244.485
979,567
11,927,167 3,317,942 4,403,114 1,068,112
11,864,045 3,292,516 4,401,210 1,152,102
9,523,838 2,345,967 4,541,203 1,321,311
THE DRY GOOD3 TRADE.
Rye,
Friday, P. M., February 13, 1880.
bush.
The
dry goods trade has on the whole been less active the
past week, many wholesale buyers having completed their early
Toledo
125
purchases and temporarily withdrawn from the market. There
Detroit
2,864
Cleveland
1,805
was a lull in the demand for staple cotton and woolen
17,709
3,150
goods,
St. Louis
670.985
23,951
161,697 26,902
5,634 and
printed
calicoes
were
Peoria
800
1,100
comparatively quiet, but dress
297,300
51,200 19,000 10,810
Duluth
goods, lawns, piques, ginghams, &c., were in steady request by
Total
69,620 428,021 2,061,671
356,534 122,815 29,996 local and interior jobbers.
Prices remained very firm on all
Same time ’79.. 123,753 1,078,811 1,302,559
282,662 154,407 44,652 kinds of
goods, and there was a further advance on several
Total receipts at same ports from Jan. 1 to Feb. 7, inclusive,
makes of brown and bleached cottons, wide sheetings, lawns,
for four years:
dress goods, &c. The present condition of stocks in first hands
1880.
1879.
1878.
1877.
Flour
bbls.
565,520
657,689
661,843
502,644 is
very remarkable. Nearly all makes of cotton goods are sold
Wheat
bush.
5,261,427
7,834,540
in
advance of production; leading makes of heavy
6,941,069
2,188,489
clothing
Corn
12,222,928
7.813,836
5,799,041
6,703,096
woolens
are
sold
ahead
for
months
to
Oats...
2,040,039
2,080,810
come, and prints, ging¬
2,204,055
1,349,384
799,141
890,895
Barley
1,160,801
778,834 hams, lawns, dress goods, white
goods,
print
cloths, underwear
Rye
290,440
370,687
327,412
313,580
and hosiery are severally in exceptionally light supply for this
Total grain....
20,613,975
18,990,768
16,432,373
11,286,383
Total receipts (crop movement) at the same ports from Aug. 1 stage of the season.
Domestic Cotton Goods.—The exports of cotton goods from
to Feb. 7, inclusive, for four years:
1879-80.
1878-79.
1877-78.
1876-77. this port to foreign markets
during the week ending February
Flour
bbls.
3,892,345
3,482,045
3,535,532
3,145,816
10 were 1,879 packages, of which 650 were shipped to Aden, 337
Wheat... ...bush. 67,645,857
50,426,360
63,923,404
31,533,502 to
Hayti, 292 to Brazil, 290 to Great Britain, 81 to Mexico, 5S
Com.
56,463,173
47,881,231
40,888,657
45,357,997
Oats
16,463,475
18,941,790
14,615,612
12,394,171 to Venezuela, &c.
The market for cotton goods continued
Barley..,
7,932,671
7,649.661
7,246.684
3,242,428
Rye
1,327,030
2,354,229
2,091,064 fairly active and very strong, several prominent makes of plain
and colored cottons having been subjected to a further advance.
Total grain
152,481,258 140,006,126 115,934,519
98,623,418 Atlantic A and other standard
sheetings were advanced to 9%c.,
Comparative shipments of flour and grain from the same and several makes of
four-yard
sheetings were marked up %c.
ports from Jan. .1 to Feb. 7. inclusive, for four years:
per
yard.
Leading
brands
fine
of
wide sheetings were advanced
1880.
1879.
1878.
1877.
Flour.... ..bbls,
384,S25
654,589
629,227
491,033 about 2>£c. per yard, and higher quotations were made on
ducks, drills, cotton flannels, &c.
Print cloths were fairly
Wheat... ...bush.
1,157,282
2,661,390
5,752,088
863,119 active and the stock of “spot” cloths has been reduced (at the
Corn
4,812,151
3,450,501
3,533,751
2,850,758
Oats
manufacturing centres) to a very low point.
Extra 64x64
1,222,602
1,352,682
1,144,236
801,126
Barley..
354,523
591,4L9
574,576
408,218 print cloths were firm at 5%e. and 56x60s changed hands at
211,231
Rye
164,090
126,210
99,206 4%c.
There was less buoyancy in the demand for prints, but
prices
were
firmly maintained. Printed lawns were in brisk
Total grain
7,757,792
8.220,085
11,160,861
5,022,457
Rail and lake shipments from same ports for the last four weeks. request, and Pacific and Cocheco lawns were advanced to 12c.
Week
Flour,
Wheat,
Corn,
per 3rard.
Oats,
Ginghams and cotton dress goods continued in
Barley,
Eye,
bush.
bush.
bush.
ending—
bbls.
bush.
bush.
steady
demand
and firm, owing to the light supply.
Feb. 7
55,735
133,506 1,080,265
130,873
43,854 37,581
Domestic
Woolen
Goods.—Spring woolens (for men’s wear)
Jan. 31
70,009
226,900 1,064,352
184,898
65,352 30,492
Jan. 24
86,176
255,229
651,041
149,726
55,539 18,396 have shown comparatively little animation as regards new' busi¬
Jan. 17......114,811
174,461
675,083
206,483
69,966 31,347 ness, but agents continued to make fair deliveries of fancy
cassimeres and suitings, worsted coatings, &c., in completion of
Total, 4 w’ks.326,731
795,096 3,470,741
671,985
234,711 117,816 old orders.
For heavy all-wool and union cassimeres there was
4 weeks ’79. .497,973 1,788,432 2,551,230
902,059 403,323 114,134
a steady demand by the clothing trade, and orders for
guods to
Receipts of flour and grain at seaboard ports for the week
arrive were recorded by, manufacturers’ agents to an important
ended Feb. 7:
aggregate amount. Overcoatings were in steady demand, and
Flour,
Wheat,
Cora,
Oats,
Barley,
Rye,
At—
bbls.
hush.
most leading makes are largely sold ahead of production.
bush.
bush.
bush.
hush.
New York.,
59,478
102,554
420,214 79,864 32,050
4,914 Prices of clothing woolens are very firm, and stocks of both
12,740
78,200
184,900 17,200
4,500
light and heavy fabrics have not been so well in hand for many
1,000
26,000
2,800
1,500
6,000
4,240
lg,800
years past. Kentucky jeans were in irregular demand, but very
2,950
1,494
7,630
34,500
241,500 36,400
8,500
1,500 firm at the late advance. Satinets were in good request, and large
17,002
85,756
222,381 37,197
5,500
deliveries of printed makes were made by agents on account of
11,004
175,112 13,035
back orders. Flannels were fairly active for the time of year,
Total week
113,094
317,810 1,246,907 187,146 53,644 10,914 but blankets were lightly dealt in.
Worsted dress goods con¬
week’79....
..
..
..
..
..
20,310
203,527
14,539
34,550
(32 lbs.) (48 lbs.) (56 lbs.)
92,093 29,035
8,302
21,150 36,993
5,250
1,516
11,169
7,735
'
..
.
,
.
....
..
..
..
..
..
..
..
Oor.
227,9591,607,295 1,809,127 386,660 78,618
44,453
tinued in
good demand and firm with
Exports from United States seaboard ports and from Montreal which was reflected
for week ending Feb. 7:
miU8’ fabrics.
Flour,
Wheat,
bhle.
hush.
Corn,
Oats,
hush.
bush.
bush.
bush.
59,226
13,040
656,601
37,759
253,056
230,437
1,594
16,369
7,299
700
26,000
Philadelphia..
1,314
194,324
742
Baltimore
4,195
10,000
260,213
297,059
900
From—
New York*....
Boston
Portland!
Montreal..
Total for w’k 78.475
Same time ’79. 135,268
*
990,573
1,551,496
13,009 bushels barley.
Rye,
Peas,
32,000
••••••
3,236
2,885
16,000 bushels barley.
16,369
80,592
39,299
37,269
advance
on
an
upward tendency,
some
a
makes of Pacific
moderate improve¬
at fir3t hands. Staple
goods ruled quiet, but there was a fairly active demand for
fancy fabrics. Silks have received more attention, but selections
dress
mostly restricted to novelties in fancy silks. Linen goods
continued
steady request and
very firm, and there was a fair
goods, embroideries and laces. Men’s-wear
woolens remained sluggish, but staple makes are firmly held.
Hosiery was fairly active and there was a brisk demand for
in
movement in white
974,876
1,599,340
an
Foreign Dry Goods.—There has been
ment in the demand for imported fabrics
were
••••••
in
fabric
gloves.^;f
@FedFRASER