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AND ^^^
HUNT'S MERCHANTS' MAGAZINE,
REPRESENTING THE COMMERCIAL AND INDUSTRIAL INTERESTS OF THE UNITED STATES
YOL.
NEW
30.
YORK, FEBRUARY
Brown
&
Phelps, Stokes
N. PIIKLPS.
JAMKS STOKKS,
BANKERS,
ANBON PHKLPS STOKES
45 ITALI. ST., NEW YORK.
comhercial credits,
In Dollars for use In United States, Cuba. 4c.,
part of the world.
Pounds Sterling, available In any
TRAVELERS' CREDITS and
Also,
CIRCULAR NOTES.
Brothers
WALL ST.,
No. 59
Co.,
BfV
Co., Drexel, Morgan & Co.,
WALL STREET,
8c
N. Y.,
A.VD SELL
CORNER OP
BILLS OF EXCHANOE
ON GREAT BRITAIN .\ND IRELAND, FRANCE,
GBKilANY, BELGIUM AND HOLLAND.
Issue Coiumerclal and Travelers' Credits
/.V STERLiye.
AVAILABLE IN ANY PART OF THE WORLD.
And
In Francs. In Miirtinique
and Guadaloupo.
Drexel
No.
34
Paid-Up Capital,
-
-
FsLix Gbisab.
and other cmmtries, through London
and l*uiis.
G.
S.
&
Deposits received subject to Draft. Securitlea, Gold,
Interest alloweo
on Deposits. Foreign Kicbanire. Commercial Credits.
&
Smith?
&
BANKERS AND BROKERS,
Cle.)
Aug. Nottebohm (Nottebohm Frerea).
Fb. DHAN18 (.Mlclilels-Loos).
Job. Dan. f ourmans, ,1k. (Joh. Dan. Fubrmann).
Louis Wbbkb (Ed. Weber & Cle.)
JULxs Kautknstbauou (C. Schmld & Cle.)
Clinton
B.Fisk&
Co.,
BANKERS,
TRANSACTS
GENERAL BANKING
BUSINESS.
A8A
EDDV
A
CO.,
(ssne Letters of Credit for TrarelerSf
Payable In any part of Europe, Asia, Arricm, Anstralls
and America.
fera of
BROAD STREET.
No. 37
Sc
LONDON.
BANKERS,
Draw
J. B.
JEmilb db GoTr\L.
Ad. Frank (Krank, Model
ST.,
69 EXCHANGE PLACE,
CORNER BROAD STREET. NEW YORK.
EnwAI'.n POMEROY. W. H. COX.Jtt.. OSCAR B.SMITH.
Pomeroy, Cox
inoRGAN
& W. Seligman & Co.,
COiUPANY,
WALL
8.
OLD BROAD
No. 23
J.
tc
Travelers,
Attobskts and Agbnts or
Messrs. J.
G. C. Ward,
AeSNTS FOE
& Co
Boulevard Uanssmaim
Cable Transfers.
Circular Letters for
available In all parts of the world.
this
9,000,000 Francs.
President.
81
St.,
Between
STREET, NEW YORK.
28 STATK STREET, BOSTON.
ALFRKD M*qniKAY (Oratt & Maqulnajr), Vlce-Pre«
Von DSB Bkckk (B. Von der Beckej.
Otto Gunthkr ccornelile-Davld).
Drexel, Harjes
Co.,
Ac. bought and sold on Commiseion.
5a
BOARD OF DIRBCTOSS
YORK.
IHAKE TELEGRAPHIC TRANSFERS
OF inoNEY
BARING BROTHERS
Antwerp.
NEW
BRO.\D,
Pblladelphla.
Paris.
DOMESTIC AND FOREIGN BANKERS.
Collections of Drafts drawn abroad on all
points in the United States and Canada, and
of Drafts drawn in the United States
on Foreign Countries.
Anversoise,
Centrale
&
South Thikd
Make
Banque
764.
Financial.
Financial.
Financial.
1.
NO.
14, 1880.
Exchange and make telegraphic trana.
Bills ot
money on Europe and
California.
&
John Munroe
Co.,
No. 8 Wall Street, New Y'ork,
No. 4 Post Office Square, Boston.
CHEQUES AND CABLE TRANSFERS ON
Broad St., Brexel BnUdlns,
JlKALF.US IN'
raUNROE ac CO., paris.
GO VERXMENT AM) N ViCSTMK.VT SKCI'UITIES
BUY AND SKI.L 0.\ COMMISSION
For eas!i. or on marKiii, all ^ecuritie.^ dealt in at tlio STERLING CHEQUES AND BILLS AT SIXTY
No. 3
1
P. POTTEB, Piest.
J. J.
Cashier.
Maverick National Bank,
BOSTON,
CAPITAL,
SURPLUS,
Business from Banks
solicited.
Satisfactory business paper
respondence inTlted.
Lewis U. TAYLOB,
L.
Brokers in State, Uuilway, Municipal, Mining and Miscellaneous stocks
and bonds.
......
...... $400,000 Hong Kong & Shanghai
.....
400,000
BANKING COKPOBATION.
COLLECTIONS a specialty.
nd Bankers
discounted.
Cor-
LISDLEY HAIN'Ea.
JB.
H. Taylor
&
CAPITAL (fully paid-up)
Deposits received subject to check at slftht, and
Interest allowed on daily balances.
Stocks, Bondii, &.C., bought and sold on commission
in Philadelphia and other cities.
Particular attention civen to information regardiDK Investment Securities.
rEstabllshed 1854.]
BANKERS,
la
WALL STREET,
iMue Commercial and
BANKERS,
NE1¥ YORK,
Trarelers' Credlta ayallable
paru of the world. Draw Time and Sight Bills
on the Union Bank of London, and on'fte Credit
Lyonnals, at Lyons or Paris. Make Cable Transfers.
tD
&
BANKERS AND BROKERS,
IVaU St., Cor. New, New York.
mVISTMBNT 8KCUBITIE8.
apwM attention w bnalaaM at conata btnki.
62
T
Sc
;
"LIMITED;"
;
ULSTER BANKING COMPANY,
ALSO,
JABLE TRANSFERS AND LETTERS OF CRKDIT
IVALL STREET
AND BSU.
BONDS, GOLD, STOCKS
AND
&
Co.,
BANKERS,
CEDAR STREET,
In addiuon to a Oeneral Banking Business, buy and
•ell
SMITH'S,
COUNTY BANK,
dc
NATKWAL BANK OF SCOTLAND,
Foote,
Gilman, Son
Co.,
Co.,
EDINBUBO, AND BRANCHES;
&
No. 13
&
MANCHESTER, PAYABLE IN LONDON
Knoblauch
&
IMSCKLLAMEOUS BBCOIUTIBS.
atl
A. H. Brown
Stuart
J.
NASSAU STREET.
BILLS 0F EXCHANGE ON
33
BELFAST, IRELAND;
AND OS TBI
BTTT
GOVEBNMBNT
&
No. 45 W^all Street,
Interest allowed on deposits.
Investments carefully attended to.
Hatch
J.
.TIANCHESTER
securities.
LONDON.
CIBOULAB NOTBS A2n> CBXDXTa fob TKATBLXBa.
BANKERS, LONDON
Transact a general banking and brokerage business in Railway Shares and Bonds and Government
Kountze Brothers,
ALEXANDERS
SniTH, PAYNE
Gwynne & Day,
Co.,
SOUTH THIRD STREET,
PHILADELPHIA.
15,000.000
RESERVE FUND
1.400,000
Nbw York Office, 59 Wall Street.
JOHN WALTER, Agent.
Bankers and Brokerft^
138
DAYS' SIGHT ON
&. CO.,
New York Stock ExclianKt*.
aorarament Bonds and Inrotment
Sscorttla*.
Lichtenstein,
BANKERS,
WUlIam
St., cor.
NEW
Excbange Plac«»
YORK.
Xake Telegraphic Money Transfers.
Draw Bills of Exchange and Issue Lettert ei Credit
a all principal cities of Europe.
8PECLAL PARTNER,
Berlin.
PBVTSCHB BANK,
THE CHRONICLE.
Canadian Banks.
Foreign Bankers.
Merchants' Bank
Nederlandsche
OK
Handel-Maatschappijj
CANADA.
Boston Bankers.
OF HOLLAND,
JOHN HAMILTON.
ESTABLISED 1824.
Vice-President, JOHN McLBNNAN, ESQ.
Pald-np Capital, 36,000,00(» Fiorina.
($14,400,000, Gold )
HEAD OFfriCE, inONTREAI..
Execute orders for lie purchase or sale of MerchanOEORGK UAGUB, General Manager.
dise, Bonds, stocks, and other securities, In the
United btates, Europe snd theEast make Collections,
WM. J. INGRAM. Asst. General Manager. buy
and sell Foreign Exchange, and give advances
upon Merchandise for Export.
BANKKUS:
OLlVKli S. CARTER,
Agents
t
;
Banking Comp'y.
NKW YORK—The Bank of New York. N. B. A.
The New York Agency buys and sells Sterling Ex-
CONGRESS STREET,
Boston, mass.
Skw
B.
UAUKIS
jR.,i
N. T. Correspondents.— Messrs.
$13,000,000, Gold.
5,000,000, Gold.
8IJKPI.17S,
GEOKGE STEPHEN,
C. F.
No*. 69
H. Peck,
F.
BANKER AND BRfrKER
EXCHANGE PLACE,
No. 7
BOSTON.
New York
61 WAE.L. STREET.
Walter Watson, ABenis.
..ronf
& CO
BROS.
STATE STREET, BOSTON.
40
DEALERS IN GOVERNMENT SECU-^TIES, Bom
State, City,
County and Railroad Bonds
&
Jackson
Agency, 62 Wall Street.
BUILDING,
SIRiniONS'
Invested in VS. S.
$3,300,000 Gold.
Surplas,
J
Buy and sell Sterling Exchange, Francs and Cable
Transfers grant Commercial and Travelers' Credits
available In any part of the world Issue drafts on
and make collections in Chicago and throughout
the Dominion of Canada.
Curtis,
STOCK BROKERS,
)
A. 1.ANG,
Co.,
BANKERS
OF SAN FRANCISCO.
OFFICE,
&
Chas. A. Sweet
The Nevada Bank
8MITHER8, General Manager.
dc
Tiew York.
BLAKE
Board
iBTestmeat Securities constantlron ywa<.
America
Calilornia Baiik§.
President.
XEW YORK
Orders executed on Commission at Brokers
AMSTERDAM, HOLLAND
Bank of Montreal.
OAPITAI,,
J
Adolph Boissevain & Co
bankers;
AND
coninissioN merchants
I
Commercial
Anctlons.and Private Sale.
for
>
1, 1S79.
143 Peari Street
Office,
HewrYork Agency, 48 ExctaanBe-pIace.
HENRY HAGUE.
Acenta
•*«<=°'=JOHN
Yokk. January
Dealers In Stocks, Bonds, Sold and
gaper.
)
STANTON BLAKE.
UENHY E. UAWLEY,
change, Cable Transfers, issues Credits available in
all parts uf the world, makes collections in t'anada
and elsewhere, and issues I>rafts paj-able ut any of
the oflices of the bank in Canada. Demand Drafts
Issued payable in Scotland and Ireland, and every
description of foreign banking business undertaken.
Co.,
BANKERS,
No. 3S
Preaident. the Hon.
LONDON, ENO.—The Clydesdale
&
Brewster, Basset
The Netlierland Trading: Society
$5^500,000 Paid Up.
-
Capital,
XXX
Vol.
Bonds,
Boston, Mass,
;
GEORGE
;
liOndon
No. 9 Blrchln I.ane.
Office,
AGENCY OF THE
Ba n k
do
do
do
North America,
No. 63 It^ALI.
Buy and
W. LAWSON,
j
(LIMITED).
NEW YORK Agents,
Agents.
Capital,
8.
HEAD
;
D. H.
BB^JfOHSS;
CATHARINES, PORT COLBORNE, ST. THOMAS
DfGERSOLL, WELLAND, DUNNVlLLK, FERGUS.
BT.
Lombard
I
Agents
In
New York
street.
59
I
I
E8TABU8HED IN
73 Devonshire
NEW YORK.
1863.
Pald-rp Capital, 13,000,000 GiUlders
St.,
and
BLAKE BROTHERS &
Geo.
Wm. Bahoi;.
54
»
STATB 8TEBBT BOSTON.
A
fur.
*'o.
A. K. Walkkb, Cashiei.
Pree't.
First National Bank,
WILMINGTON, N. C.
Cnllectiona
made on
all
parts of the Unit«d States
Thos. P. Miller
&
Co.,
BANKERS.
inOBILE, ALABAIVA.
Special attention paid to collections, with prompt
remittances at current rates of exchange on day of
payment.
Correspondents.— German- American Bank, New
York Louisiana National Bank, New Orleans Bank
;
;
of Liverpool, Liverpool.
C. F. PBNZJtL,
President.
J
STATE BANK,
{Incorporated
)
leiiS. y
C. T. WaLK«B
Cashier.
German Bank,
CAPITAL
$75,000.
2£,000.
(Paid-in)
StJHPLUS
Prompt attention given to all business In our line.
N. Y. COBaRSFONDEXTS. Donnell. Lawson ft Co. as
be UetroDolItan National Bank.
N. T.
Geo. h. Holt.
d
LAIK CA8HIIB BLACKSTONX NATIONAL BANK)
Dealer In CITY, COUNTY and
Parker
&
RAILROAD BONDS
Stackpole,
BANKERS,
No. 68
Beers, Jr.,
BROOKLYN SECURITIES, CITY
Gas Stocks, &c.,
DEVONSHIRE STKEET.
BONDS,
HAS REMOVED TO
1 NEtV STREET,
Stanton D. Loring,
CO.,
Agents for North Ambbica,
wall street, new york,
Informiitlon
Brothers
Sale.
BOSTON.
ments of staple merchandise, and transact othei
business of a financial character In connection with
the trade with the Dutch East Indies.
S.S. Bbrsuss,
RAILROAD and MUNICIPAL
SECURITIES For
Agencies in Batavla, Soerabaya and Samarang.
Correspondents In Padang.
make advances on ship.
and
CoBnaspONDKNTS— McKlm
BOSTON.
BANKER AND BROKER,
No. 51 STATE STREET,
eredlts,
.
interest au-owed.
($4,800,000 Gold.)
HEAD OFFICE IN AMSTERDAM.
iMue commercial
solicited
Financial.
Choice
Nederlandsch Indische
Handelsbank,
A nSTERD AM, HOLLAND.
Correspondence
LITTLE ROCK, ARK.
BANKERS,
8 TVall Street,
Deposits Receited
Forelg:n Bankers.
-
VIRGINIA BECUiaTIBS a
and
ipeclaltv.
Co.
Geo.Wm.Ballou&Co
Bane op Montkkal,
Wall street.
Promptest attention paid to collections payable In
any part of Canada.
Apnroved Canadian business paper, payable In gold
or currency, dl8>.ounted on reabonable terms, and
proceeds remitted to any part of the United States bj
cold or currency draft ouKew York.
93
St.
&,
$6,000,000.
1,700,000.
•
BALTIir.OKE.
INVESTMENT
Boston Bankers.
Dealers In American Currency and Sterling Exchange.
:
Seli^man
Transact a general banking business. Issue Com.
merclal credits and Bills of Exchange, available In
all parts of the world. Collections and orders for
Bonds, Stocks, etc., executed upon the most favor*
able terms.
FRED'K F. LOW,
"^naBers.
IGN AT>; STEINHART. S(Manager.
p. N. LILIENTUAL, Cashier.
WILKIE, Cashier
OFFICE, TORONTO.
Agents In London
BOSAITQUKT, Salt & Co.,
& W.
Authorized Capital, Paid up and Reserve,
$1,000,000.
HQWLAND, President
J.
Co.,
£i;0KER8,
THOS. P. miller. R.D.WILLIAMS, JNO, W. MlLLXa
CHAS. R. MILLER.
LONDON, Head OfBce, 3 Angel Court.
SAN FRANCISCO Offlce, 422 California
Imperial Bank of Canada
H.
NewYork.BANK OF NEW YORK, N. B. A.
do American ExcHANQE Nat. BANK.
demand
ANu
BAKKiSliS
N. 1
Anglo-Californian Bank
sell
Issue
&
Wilson, Colston
aished.
PAYNE & SMITHS.
UNION BANK OF LONDON.
do
Soutlicrn Bankers.
Agent.
THE
STREET.
Sterling Exchange and Cable Transdrafts on Scotland and Ireland,
also on Canada. British Columbia, Portland, Oregon,
and San Francisco.
Bills collected and other banking business transacted.
D. A. McTAVISH.) .„„„,.
fers.
BRANDEE,
Bankers, London. SMITH,
OP
British
L.
Issues Commercial and Travelers' Credits available
In any part of the world. Draws Exckange, Foreign
and Inland, and makes Transfers of Money by Telegraph and Cable. Gives special attention to Gold
and Sliver Bullion and Specie, and to California
Collections and Securities; and arranges to pay
Dividends on such securities at due dates.
No.
Kay
NEW YORK
1, 1879.
H. W. Rosenbaum,
Exchange Place,
AND SELLS
RAILROAD BONDS AND STOCKS.
ALL CLASSES OF INVESTMENT AND MIS51
BUY'S
CELLANEOUS SECURITIES NOT ACTIVELY
DEALT IN AT THE NEW YORK STOCK EX.
CHANGE A SPECIALTY.
Correspondence solicited and infomatlon cheer-
BOSTON.
f uU7
lomisbed.
I
Febbuauv
14, 1880.
THE CHRONICLE.
J
OF SURETYSHIP
For OfBcers and Employees or Banks
and UaiUvaya.
Kmi'I.oyee Need ask his
Ha Bank ok uaimioad
BECOME OU CoNTlSUB UlS
FUIEMia TO
H^lsn^^
Canada Guarantee Co.
I'OU AI.L
CHANTS BONDS OF SKrculTV
ELIUIHI.K MKN IN i^VCM POSITIONS AT A
ANNIM.
TUlFLIN(i CUAIUJK I'KK
(•(iniiiilny's Sunayslilp is
tliu lirincipul U. S. Kiillrcniil C
This
of
of the Uiinks. In Otnudii Us
ucpptfcl
nmny
liy
puiili'n iinil .timio
liimils aro niiw
unlversiilly required by the Governmonts,
Iliillways, and Ciinimorcial Institutions.
almost
lliinks.
The Canada Oiiakantee Comfa.nv Is the o»w
Companv on the Aniorleun Continent that ha.s
successfully conducted this business.— a result of
which is that it has heen nhlo to establish a llonm
eysteui for those who have been 3 or more yours on
tlio biiolis, whereby the subsequent promiums are
annually reiluceil.— '*« reilurtton this year Introm 15
to 3.J per rent on the u\ual rate.
The advanlaires of transaetliiK business with this
Company an> that It Is a well-established Institution, antt has ample reserves, over and above Its
capital, lo provide aKaiust exceptional reverses.
The most complete and reliable Inforiuation Is obtained as to the iinteceileifx of Kmi>loyes, and this is
really of the llrst Imiiortanco to the Employer, »s
also the system of periodical supervision and revision of those on tlie ('ompany's U.Miks.
Over iHloo.OOii have ulrj-'udv l)een iiald by this Company for losses by unfaithful employes, icitkout a
siiiute coiite.1t
law.
fit
uvRllable Assets of the Company (at
31st Dec, 1878), over and above uncalled
f 1 10,046
Capital, were
•I'ho
And thoGross
Resources
260
St.
Purchase and
HEAD OFFICE:
James Street, I*IontreaI
EDW.VUD
and STIX'KS. ami
Si'ini itlrs
.,i'
dealt in
LOANS
MARKET.
WILLIAM
BOUDEN.
H.
STOCKS
05, all
OPEN
COMMKBCIAL PAPER
DEPOSITS
Interest paid on
ncKotlatod.
chock.
THOMAS
and
B.
subject to
„
HATCH.
FRANK JENKINS
BONDS
and
BOUIEEHN SECUKITIES A SPECIALIY.
LOANS NEGOTIATED.
INTEKEST ALLOWED ON DEPOSITS.
SALES
or
claseet of
all
iiTOCKS AND BONDS,
OH
WKDNBSDAYS AND SATURDAYS.
iORlAM
3IULLER
II.
PINK STREET.
No. 7
&. tiON,
NEW
YORK.
&
BANKERS AND BROKERS,
No. 58 BROAD AVAV,
on commission all securities dealt in at
Stock ExchanKe or in this market
New York
Also Mining shares.
Alex.
J. N. KwELL,
Member of M. V. Stock Exchange.
ISSO,
ISSO.
Life Insurance Co. of
New
York.
So*
miums, io
343,054,
84^
1,891,322 94
$11,600,498 77
DISBUaS£.lIENTS.
$817,681 37
Paid dividends and
riHiirnod premi'ms 475,920 42
Paid rtaiiiries, office,
real c.'itiite & other
expciLses
131,810 14
Paid iiRoncy, taxes,
ijxaiuincrs'
fees,
and
advertising
1
25,930 32 —1 ,551 ,342 25
$10,049,156 52
Cash on liand and in baulj
Bonds .tnd niortjiagcs
Loans on iKilicies in force
U. S. and N. Yoik State stocks..
Real estate nt cost
Premi'ms deferred aud in course
of collection and tran-sniission.
Tcmp'ry loans on stocks & bonds
Inlevefst due and accrued, and
j).
a. boody.
all
$37,81
3,836,694
1,588,497
1,336,670
1,250,418
74
20
88
19
69
126,722 46
1,696,465 14
176,477 16
other property
52
.
Reserve on existing
c. w. mclilijln, jr.
Reuben Leland,
Fred.
other
New
Suriilus
H. Smith,
BROAD
ST..
NEW
YORK.
RAILROAD SECURITIES
><
An lutimate knowledge of
all for
the past 10 Years)
A SPECIALTY.
Investors or Dealers wlsbing to buy or sell are
Invited to communicate.
State, Municipal and
Railway Bonds and Coupons bought and sold at best
Market Rates.
Hinckley
&
Jones,
No. 19 William Street, New Tork.
GOVHRNMBNT BONDS. STOCKS
AND INVESTMENT SECURITIES
_
OUGHT AND
SOLD ON COMMISSION.
SPECIAL ATTENTION GIVEN TO
niNING STOCKS.
B. niNCKi.EY,
I,
M. J0NE6,
Wm. M, Lent,
San Francisco.
Member N. Y. Stock Eichango.
(Special.)
Menibgr N, y. Mlniug Stock EiOkauge.
.
7,759,260 00— 8,199,495 92
rule
1,849,660 60
by above
$10,049,156 D2
DIRECTORS:
Norwood,
Henry Stokes,
James M. McLean,
C.
Augustus
Scliell,
S.
Edwin
Brown,
Y. Wcmple,
JolmD. Russ,
V. Van Zandt Lane,
Jacob L. Halsey,
Jacob Naylor, Phlla.,
Scth Turner, Boston,
Edward King,
J"'"' H. Watson,
J.
John W. Himt«r,
W.
J. Valentine,
A. C. Kingsland,
Jr.,
Harris,
A. Seaver,
S.
Wm.
Edmund
R. Comstock,
C.
Ijlwaid Ilaight,
John
Coffin,
John T. Terry,
James Stokes, Jr.,
E.Ycttman, St. Louis,
N. K. Mastoii, S. Fr'sco,
J.
E. A. Walton,
Olin G. Walbridgc,
Geo. W. Quiutard,
15
1,950,680 70
$42,245,003 59
$6,3!)(i,400
(Jeneral Expenses
;
State, County and City Taxes...
508,918 24
81,266 08
ASSETS.
Bonds and Mortgages
$10,475,062 90
New York and
foieiloHure
United
.States
8,204,796 02
5,488,978 89
Slocks
Stocks, City Stocks,
State
Stocks authorized
l)v
the
and
Laws
of the State of Now York
Loans secured by United States
andStateaud Municipal iiouds,
aud .Stocks authorized by tlus
Laws of the State of New York
Cash on hand, in banks and
other depositaries, on
and
6,696,039 53
3,673,700 00
lnt<!re.8t
in transit (since received).
Due from Agents on account
Premiums
1,215,194 58
of
227.225 70
i^35,980,997 62
Market value of Stocks and
Bonds over cost
Interest and Rents due and ac-
348,006 17
344,342 96
ia process of
100,470 00
593,025 00
Deferred Premiums
Total assets, Dec. 31, 1879
$37,366,841 75
Total liabilities, including Icg.il
Reserve for re-insuranoo of all
20.851.434 00
existing polices
Total undivided surplus
$7,515,407 75
Of which belongs (as comiiutod)
3,945,857 75
to Policies in general class
Of which belongs (as computed)
Tontine
class
3.569,550 00
to Policies in
Risks assumed in 1879, $26,302,541 00.
From the imdivided surplus, re ver.-iionary dividends will be declared, available on settlement
of next annual premium, to ordinary participating policies.
The valuation of the policies outstandiiig has
been made on the American Experience Table
the legal stand.trd of the State of New York. »
G. W. PHILLIP.S. ?.„.,,.„„,
ACTUARIES.
J. G. VAN CISE, 5
We, the imdersigned, have. In person, carefully
examined the accounts, and counted and examined, in detail, the asssets of the Society, and
certify that the foregoing statement thereof Is
correct.
Bennington F. Randolph,
James M. Halsted,
N.
B. Hyde,
George D. Morgan,
George T. Adee,
Henry A. Hurlbiit,
Henry F. Spaulding,
William H. KoKg,
William A. Wheelock,
Parker Handy,
William G. Lambert,
Henry G. Marquand,
James W. Alexander,
Henry S. Terbell,
Thomas 8. Young.
Thomas A. Cummins,
Robert Bliss,
Daniel D. Lord,
James M. Halsted,
Horace Porter,
Edward W. Lambert,
B. K. Randolph,
Alunson Trask,
John Stoane,
Henry V.
Terbell,
Butler,
John A. Stewart,
John D. Jones.
Bobt. Lenox Kennedy,
Chauncey M. Depew,
Benjamin Williamson,
Henry M. Alexander,
William Walker,
Henry Day,
Joseph Sellgman,
E. Boudlnol Colt.
Thomas
A. Diddle.
GeorKC W. Carleton.
George G. Kellogg
Jose F. Navarro,
J. McCook,
Whltewright. Jr.,
Stephen H. Philips,
Samuel W. Torrey,
Salimcl Holmes,
Theodore Weston.
Alexander P. IrvlDj
T. De Witt Cuyler,
Louis FltzKCrald,
William M. Bliss.
Charles Q. Langdon,
William Alexander.
John
W.
JAaiES W. ALEXANDER, Vice-President*
SAMUEL BORROWE,
Secretary.
STEBBINS, Actual y.
8.
BOARD OF DIRECTORS:
Henry
Ashbel Green,
HALSEY,
Hrnry
Robert Bliss,
A. Cummins,
Special Committee of the Board of Directors,
appointed ©ct. 22, 1870, to examine the assets
ana accounts at the close of the year.
Thomas
George H. Stuart,
Samuel Borrowe,
President.
Vice-President.
J. L.
S.
70
Enilowments
$2,439,331 07
Dividends, Surrender Values
and Annuities
2,326,422 12
Discounted Endowments
223.117 00
Total Paid Policy-holders
$1,988,871 09
Dividend on capital
7,000 00
Agencies and Commissions
688,849 66
Leon Blum, Galveston.
HENRY STOKES,
WEMPLE,
200..% 15
Claims by Death and Matured
Abram Du Bois,
Edward Schcll.
C. Y.
53
933,^98,822 71
Premiums
Interest and Rents
Yorl£
standard
BANKEU AND BROKER^
No. 13
„„„
INCOME.
.«.-
policies.calculiited
by the
10.'3,3G8
colleotion
aud
annuities
all
447.
tuothor assets
Premiums due and
Pitid claims, matur'd
,
Box
$.')!,
Depreciation In Government Bonds, aud uppro|>rlution to meet any depreciation
crued
$10,049,156
B$ Broadway, cor. Exchange Place,
Adjusted c'.aims due
TRANSACT A GENERAL BANKING BUSINESS,
after Jan. 1 1880. $249,476 00
NCLUDING TH« PURCHASE AND SALE OF Reported claims,
awaiting proot.&c. 110,263 89
STOCKS AND BONDS FOR CASH OR ON MARDivid'nds unpaid, &
JQIN. BUX AND SELL COMMERCIAL PAPER.
liability
80,496 03
P. O.
of I^edger Assets, .Ian.
187!)
,
Routs, deferred pre-
ASSETS.
&
1
Ia'ss
Boston, and purchased under
AXNUAlTllEPOBT.
Balance
BANKERS,
Amount
B. HYDE, I'resUIent.
Voar EndInK Tec 31, 1879.
Real Estate In
Net AssctBfroin Dec. 31, 1878.80,709,175 83
BUSINESS OF 1879.
Premiums recoivetl.$!)!)H,071 80
Interest received... r>.54,5'J(i 30
commission,
Maitland.
tlio
Total Disbui-sements
$6,2ti4,905 07
Net Cash Assets, Dec. 31, lk7 J. .$35,980,997 62
Iiii^urance.
endowments
Maitlandj
HENRY
For
DISBURSEMENT!^.
REGULAR AUCTION
hold
ATTENTION GIVEN TO
FUNDING VIRGINIA AND NOIITH
CABOLINA STATE BONDS.
AMurunce Society of the V. S.
At Auction.
undersigned
he
MANHATTAN
Co.,
Bought and Sold on Commission.
Virginia Tax-BeoeivabU Coupon* Bought.
the
.lus^.-s
:ill
NEW
YOKK STiil K E.XCll A NOK.
reputable Socurllies hoiiKlit and sold In the
at tlio
DRALKtts IN
Suy and sell
on romn.lsslon, OOVERNMBNT,
ItAll.UOAI) BONDS
:iimI
sell,
STATU. MUNICII'Al.
&
Flrst-Class Investment Securities.
*)OVKKN.MENT BONUS, STATE, CITY, COUNTY
EAIiliOAO & MISCELLANEOUS SEUIJKITIES
Ewell
EQUITABLE
York.
llAWLINtiS. Manager.
BANKERS AND BROKERS,
66 BKOAD%VAY, NEW IfOBK,
SPECIAIi
New
TIIiaTIETH YEAR
R. A. Lancaster
^fSr
Hircct,
»478,4JWI
to December 30th, IS7«,
Just published.)
PiiosPECTUS, FoiiMS, &e., may be had on applica-
tion to the
23 Plue
No.
Stat'-raent
or THE
Life
Government
(See Hcp<jrt to
The Twentieth Annnal
AS THE
SUllETIES,
I
Insurauce.
Financial.
Financial.
BOIVDS
VI
Secretary.
Medical rxamintrs:
E.
W. Lambert, M. D. Edward Curtis, ST. D
E, W. ScoxT, «nj>«rin(«»tfe»( of Agewiti,
THE CHRONICLE.
Financtal.
Financial.
Financial.
Albert E. Hachfield,
Utah Railways.
New Yohk,
mortKage bondu of the
The 7 percent (ToId
Utah & Pleasant Valley UR. Clin now be hud at 00.
The road is about sixty miles, and its bonded debt
nine hundred thousand dollars, while a rnodenite
estimate of Its net earnings shows about ?400.000.
The interest charge on the properly will only be
yO3.00O; thus tlieni Is abundant to meet the seraiannual Interest in New York.
H. 1*. De Graaf, President of the Bowery National
Bank, and Theodore Wllkens, of No. 67 Bowery, are
the Trustees for the bonds. Mr. De Graar has
made frequent journeys to Utah, and his critical
ATCHISON COLOKADO& PACIFIC RR.
FIRST mORTGAGE BUNDS.
NASSAU STREET,
19
WANTED.
Toledo Lojransport & Burlintrton Bonds.
Union A I.o^runsport Bonds.
K<inio Watcrtnwn & OKdensburc Bonds.
Flint A I'ere Marquetto Bonds and Stock.
Indlaniipolis Bloomintcton Sc Western Old and
New Securities.
New Voric & UsweKO Midland Bonds.
New Jersey Midland Bonds.
RECEIVED
CEAI.ED PROPOSAI-S WII-1, BEGreat
NorthOat tlie oHlce of tlie International &
ern Kallroad Company, No. 20 EiclianRe Place, New
York, for the construction and equipment of one
hundred and llfty miles of the International & Great
Northern Kallroad, up to 12 o'clock M.March 15,
1880. Plans, profllea, specillcations and estimates
maybe seen at the company's office at Palestine,
Tex:i9, or No. 20 Exchange Place, New York, on and
March 1, 1H~0.
The company reserve the right
after
all
to reject
TUOS. W. PEAKSALL,
proposals.
31
first.
BASEMENT,
Deal* In InTestment Sernrltlea and
Bonds Generallr.
any and
President.
COM& AI,TON RAILROAD
CHICAGO
la-SO.— NOTICE.
PANY. NKW YOKK. February
mind
well satif-tled with the profitable future
is
opened for the stockholders of this road.
The Southern Utah Extension is building toward
Southwestern Utah, In which are found the wonderfully rich Horn Silver Mine and many others.
All of these will depend on the Utah & Pleasant
Valley not only for cuke but also for coal and lumber. The demand at Sandy for coke will also be
very largo.
The estimated annual receipts of the Utah &
Pleasant Valley Itailroad Company are as follows:
^90.fK>0
15,000 tons coal, at S6 per ton
400,000
20,000 tons coke, at ^20
Uumber
50.000
50,000
Passengers and generalf relght
Mining
coal,
making coke and operating
$100,000
road.
11.
The transfer books will be
and re-opened March
closed on the 20th Inst.
_
2.
H. FOSTER, Treasurer.
C.
I'VTERNATfONAl. & G«EAT
THE
NORTHERN RAILROAD COMPANY OF
-L
TEXAS.— Interest
on the Second Mortgage Income
Bonds of this Corai>any. earned during the year
187i>, will be paid to the resistered liolders thereof
on the 1st davs of March and September, l.SHO, respectively, at the rate of FOUR PER CENT per
annum, 'rWO PER CENT being payable on March
PER CENT on September 1, 1>80,
I, IS.*, and
at the office of the Company, No. 20 E-vchanse
Place.fNew Y'ork.
The Books of Registry will be closed on the 20th
days of February and August, IS80, resi)ectlvely,
and opened on the '2d days of March and September, IHSO, respectively. By order of the Directors.
THOMAS W. PEARSALL, President.
TWO
OFFICE OF THE INDIANAPOLIS
DECATUR & SPRINGFIELD RAILROAD CO.
New Youk, January 15, 18S0.
Pursuant to the provisions of the deed of trust,
the Trustees of the First .Mortgage of the INDIAN-
APOLIS DECATUR & SPRINGFIELD RAILWAY
COMPANY have this day drawn the following numbers of First Mortgage Bonds, to be paid by the company under the terms of the sinking fund, on the
first day of April. l.SSO, to wit; Numbers 46.165.
196. 239, 320, 822, 123, 4S1. 547. 008. 681, 760. I.IOU and
1,178.
(Trustees
jirustees.
JAMES EMOTT,
J.J.
CRANE,
The above-numbered First Mortgage Bonds will
be paid at the company's office. No. 120 Broadway,
New York, at par, on the first day of April. 1.SS0, and
interest on tlie same will cease from that day. The
company will redeem the above bonds at par and
accrued interest on presentation on and after this
day.
A. DUPRAT. Assistant Treasurer.
OFFICE OF THE
)
ILLINOIS CEXTU.\L RAILUO.tn COMPANT, >
NEW York. January 22. 1880. )
DIVIDEND OF THREE
A
(3)
PER CENT
has tjeen declared by tills company, payable (tn
llrst day of March next, to the holders of its
Capital Slock, as registered at 2 P. M. on the 12th
February next after which, and until the 4th March,
tbe transfer books will be closed.
L. V. F. RANDOLPH, Treasurer.
the
.
& C5REAT NORTHERN RAILROAD COMPANY OF TEXAS.—
way Bonds, we now
mortgage 6 per cent gold bonds and the
second mortgage Income bfinds of the International
& Great Northern Railroad Company ai'e now ready
for delivery to persons holding the Purchasing
Committee's first mortgage receli)ts. The exchange
tlrst
be made at the office of J. S. KENNEDY it CO.,
No. 03 William street. New York. By order of the
will
Purchasing Committee.
JOHN
8.
KENNEDY,
Chairman.
OF TIIEAMIE CONSOLIDATED
OFFICE
MINING COMPANY, 115 Broadway
(room
Feb.
10, 1880.
DIVIDEND NO.
The Board of
59),
5.
I>irectors have this day declared a
dividend of »50,000 (or 10 cents a share) on the
capital stock of the company, payable on the Isth
inst. Transfer books close Feb. 16 and re-open
*'eb. 20.
A.
\FFICE OF
'-'company,
February
9,
EBERT.
Secretary.
31
BKOAU STBEET, NEW YOBK,
DIVIDEND No. 2.
The monthly dividend of Twenty-Five Cents per
share has been declared for January— payable at the
olBce of the Transfer agents. Wells, Fargo & Co.,
66 Broadway, on the 20th Inst. Transfer Books
close on the 14th inst.
PARS ONS,
Assistant Secretary.
OFFICE OF THE HOITIESTAKE
MINING COMPANY.
Niw YORE, February 12,
No. 31
BUOAD
8TI1EET,
1880.
DIVIDEND
No.
14.
The Regular Monthly Dividend
of Thirty Cents
per share baa been declared for January, payable
at the office of the transfer agents, Welle, Fargo A
Co., 66 Broadway, on the 29th Instant.
Tiantfer book« close on the 20th Instant.
H. B. PARSONS, AsiUtant Secretary.
•
90 and
remainder at
«^f coal south of Salt Lake
from personal knowledge, fully
bonds to investors.
H. P. DE (aiAAF, Prest. Bowery Nat. Bank.
JOSEPH i;. oiivis CO., NO. ao pine st.
And by SHKLDON .V \VAUS\VOUTH, 10 Wall St.
We
Earnings of Central Branch of Union Paciflc, Including the Atchison Colorado* Paciflc Leased
Line, for 1879, on 221 miles of road
$1,000,000
Less operating expenses
477.862
Total charge of interest
?522,138
859,960
Surplus
«262,178
^VOOD & DAVIS.
&
Thomas Denny
Co.,
BANKERS
AND
Dealers in luTcstment Securities,
No. 30
PINE STREET.
FOR SALE:
$100,000
St.
& Young,
NEW
STEEET,
First
Railroad bonds,
all
$100,000 International & Great Northern First
Mortgage 6 Per Cent Gold Bonds.
WASTED
;
stock.
Choice
and 8d mortgage bonds.
New York & Oswego Midland b'ds, stock and notes.
New York Ontario & Western com. and pref. stock.
Peoria Decatur & Evansville bonds and stock.
Port Royal Railroad Income bonds.
South Cjirollna Kuilroud bonds and stock.
South Carolina consols.
Pacific 1st and2d mortgage bonds.
St. Joseph
St. Joseph & Westurn stock.
Southern RR. of Mississippi bonds and pref. scrip.
Wisconsin Central first mortgage bonds.
Wilmington Columbia & Augusta first mort. bonds.
Ist
J^i
Columbus &
Columbus &
Columbus &
Columbus &
N.T.
WAXTED
ic
BORH,
36
kinds of
WALL
STREET.
WAMTED
MISSOURI and
ILLINOIS DB!Hlffhest market
Give full description, antf
FAULTED COUNTY BQNDS.
price paid for them.
Li. a. COQUARD,
BANKER AND BROKER,
124 N. Third
street, St.
&
Toledo RR. Ist mtg. bonds.
East
NEW YOUK
&
Co., Bankers.]
& OSWEGO MIDLAND,
ST. JOSEPH
ST. JOSEPH
& WESTERN,
& PACIFIC.
KANSAS AND NEBRASKA SECURITIES,
Bought and sold by
J. S,
STANTON, 19 Nassau
Street.
WANTED
Albany Chicago RR. Stock.
:
Alabama, South Carolina tc ILoulslana
State Bouds;
Orleans Jackson &: Ct. Northern,
misslsslppl Central, and mobile
Si. Ouio Railroad Bonds
;
CHr of If e^v Orleans Bouds.
LEVY
pref d bonds.
Indianapolis Central 2d ratg. bonds.
tWith A. M. Kidder
&
St.,
1st
CHAS. T. WING,
Cor. Wall and Broatltvay,
&
Broad
RR.
Scioto Valley R'y lOblo) 1st mtR. bonds.
&
4
Indianapolis
Indianapolis Central 1st mtR. bonds.
For sale by
WANTED.
KIRK,
Investments.
111., RR. 1st mtc bonds.
Champaign Hav. & West. R'y 1st pref. bonds.
Chicago
Lafayette Itliincie
Blooininffton Railroad
Stock nuci !?ci*ip,
Texas iSt Pacific 1H£. Stocll anil Scrip.
Memphis Little Rock RR. U'ds and St'ek.
Central RR. ot lo,va Bonds and Stock.
New Jersey ]11idlaiid RR. Bouds and Stock.
City of Memphis (Teuu.) Bouds.
Omaha
Northwestern RR. 1st Mort. Bds.
St, Louis <!t Southeastern RR. 1st M. Ctfs.
dc
&
Great Northern First and Sec
ond Mortgage Bond .Scrip and all
classes of Toledo Wiibash & Western
Funded Debt Bond Scrip.
International
issues.
Memphis & Little Rock first mort. bonds and
Memphis City bonds.
Mobile City bonds.
New Jersey Midland
Omaha
St.
first
& Cincinnati
Northern
Louis Kansas City & Northern
Mortgage Real Estate and Rail,
road Mortgage 7 Per Cent Bonds.
$100,000
mortgage and income bonds.
Central Railroad of Iowa first and second mort. bda.
Central Railroad of Ohio bonds and stock.
Carolina Central first mortgage bonds.
City of Houston, Texas, bonds.
Central Colorado Improvement Co. bonds and stock.
Flint & Pere Marquette bonds and stock.
Flint & Pere Marquette certificates for pref. stock.
Indianapolis & St. Louis first and second mort. bds.
Kansas & Nebraska first and second mortgage bds.
Alabama Central
&
Louis Kan.sas City
First Moitgage 7 Per Cent
Division Bonds.
DEALERS IN
address.
Pacific RR.,
est.
tliese
No. 9
AH
an extension of the
can,
Arents
TOBEY
(
;
&
Marietta
)
runs through a rich section of Northern Kansaa,
and has a large earning capacity.
The bonds are issued at sixteen thousand dollars
per mile, have twonty-flve years to run interest 6
per cent., payable February, May, August and November. Prlr.cipal and interest guaranteed by Cen.
tral Branch Union Paciflc Railroad Co.
We offer for sale a limited amount at 100 and Inter-
has the exclusive sale
recommend
THE DEADWOOD MINING Sew
1880.
U. B.
offer the
The mortgage covers the completed road and all
the valuable and inexhauHtiblc Coal and
Liiiiibei* Ijands owned by the company. This
coal is pronounced the best ste:im cikiI ever discovered, and is the only C'okiutc Coal tbiiiifl west,
of llie Rocky ;>loiiittnhi*<t. The company, by
contract with the Union Pacific Uailniad Company,
City.
is
Branch Union
Central
interest.
INTERNATIONAL
1-
The
This road
Pine Stheet.
Feb 11, 1880.
$506,000
Gross earnings
Estimated expenses
$400,000
Net income
A cash dividend of THRKE-AND-ONE-HALF PBK
TO liNVESTORS.
CENT on the 'preferred stock and THREE PER
of
this
company
has
stock
CKNT on the common
FIRST MORTGAGE 7 PER CENT GOLD BONDS
been declared, payable on the 1st day of March next,
OF THE UTAH & PLEASANT VALat the oftlce of the company's agents. Messrs.
LKY RAILROAD COMPANY.
JESUP, PATON & CO.. No. 52 William St., New York.
Having sold a lar;<e proportion of the above Rail-
(
XXX
[Vol.
Louis,
&
Louisville New
Flint & Pere Marquette Kuilroad Bonds.
Central Railroad of Iowa Bonds.
Port llur<in & Lake Michigan Railroad Certificates.
Wayne Jackson & Saginaw Rll. Bonds.
Joseph & Western Itaiiroad Securities.
Atchison & Pike's Peak UK. Bonds, Stock and Scrip.
New Jersey Midland Kiiilroad Certificates.
New York & Oswego Uli. Bunds and Certificates.
International & (ireat Northern Railroad Stock.
Indianapolis & St. Louis Railroad Bonds.
Kansas & Nebniska RR. Bonds and Stock.
Indianapolis Bloomington & Western Kit. Bonds.
Furt
St.
County and Town Bonds of Western States.
City of Winona, Minn., Bonds.
City of St. Joseph, Mo.. 7 and 10 Per Cent Bonds.
City of Atchison, Kansas, Old Bonds.
City,
WiV. R. XJTLE\% 31 Pine
Mo.
Texas Bonds.
STATE, RAILROAD, COITNTT AND
nVNICIPAI. BONDS
BOUGHT AND SOLD.
J. C, CHEVr, 29 Broadway.
Thomas
P. Miller
BANKERS,
St.,
SKIiL
AutBAMA State Bonds,
Mobile City Bonds,
MOBLLE & OHIO RAILBOAO
T
& Co.,
raOBIIiE, AliABAiaA,
BUY AND
N.
SiCirBITIEa.
I
mm
pnanrtaO
HUNTS MERCHANTS' M/lOAZiNB,
REPKESENTING THE INDUSTRIAL AND COMMERCIAL INTERESTS OF THE UNITED STATES.
(Entered, according to act of Congress, In tUe year 18S0, by
YOL.
Wm.
B.
Dana
CONTENTS.
latest
'
Ellison & Co.'s Annual Review
of tUo Cotton Trade for 1879 137
'
and
Commercial and Miscellaneous
Homo Rule 153
Railroad Earnings in Jauuiiry
.
News
102
156
THE BANKERS' GAZETTE.
Money Market,
ties,
TJ.
S.
Quotation.? of Stocks and Bonds 1G7
lnve.stm('nt.s, and State, City
and Cori)oration Finances... 16><
Securi-
Railway Stocks, Foreijfu
New York
ExclianKe,
City
16i
Bauks.etc
THE COMMERCIAL
171
Commercial Epitome
I
TIMES.
175
170
Breadstufts
171 Dry Goods
Cotton
I
^Ixe dxrauicle,
day morning, with
the latest
news up
to
is
issued every Satur-
midnight of Friday.
IN ADVANCE:
$10 20.
For Otic Year (includins postage)
6 10.
do
For 81.\ Months
£2 7s.
Annual subscription lu London (including postage)
do
1 Ss.
do
do
Sixmos.
Suliacription.s will be continued until ordered stopped by a wriiten
TERMS OF SUBSCRIPTION-PAYABLE
order, or ill (he jiiihliciitiiiu njtxce. The Publisher.s cauuot lie responsible
for Remittances uuftss made by Dralfts or Post-Ofllco Money Orders.
Iioudon
Advertlseineuti».
DANA,
)
J
WILLIAM
79
&
DANA
B.
& CO., Publishers.
81 William Street,
YORK.
NEW
Post Office Bo.x 43U2.
jy
ty
A neat file cover is fumislied at 50 cents postage on the same is
18 cents. Volumes bound tor subscribers at $1 20.
For a complete set of tlie Cojimkrcial and FiyAXCiAL CiironiCLK—July, 1805, to (late—or Hunt's Meuchants' Magazine, 1839 to
;
1871. inquire
lit
the
really
dispatches
Wood's
lead in agree-
ing to report a 20-40 3^ per cent; the 200 millions of
short notes are to bear 4 per cent, and be redeemed in
instalments; as an
independent
be reported directing the Treasury
to use from time to time all surplus revenues exceeding
one-third the amount of outstanding legal tenders in
purchasing, after advertisement, maturing 58 and 6s at
equal
annual
measure, a
bill is to
the rate of at least two millions monthly.
That the reservation of option to the government is
it will not be denied anywhere
it is
that which has made possible the refunding already
But we must not forget that such a
accomplished.
—
very desirable to
for the lender; hence, that options
this, as in all
Tran.«<ient advertisements are pul)lisiiod at 23 cents per line for each
insertion, but wiieu deliuite orders are given for live, or more, insertions,
a lil-)eral discount is made. .Special Notices in Banking and Fiuaucial
column 60 cents per line, each iusortion.
vvnj.IA.M B.
764.
reservation, desirable for the borrower, is the reverse
Office.
The London olltco of the Chronicle is at No. 5 Austin Friars, Old Broad
Street, where subscriptions will be taken at the prices above named.
JOtlN G. FLOVD, JR.
NO.
1880.
almost unanimously followed Mr.
ten
Thb Commercial and Fisanctal Chronicle
14,
Washington, D. C]
deems wisest. Still even if this be so the
show that he has not receded far
enough to satisfy those members of Congress who
appear to assume that statute has the same absolute
power to regulate public borrowing that it is assumed
by inflationists to have respecting the creation of money.
Instead of a 10-40 4 per cent bond, the committee have
what he
THE CHKONICLE.
of Refund-
153
ing
Cotton (ouRnniptlon in Euroiio 154
British Politics
Co., lu the otTlce of the Librarian of Congrees,
SATURDAY, FEBRUARY
'60.
Tho Latest Phase
<fe
oltice.
THE LATHS T PHASE OF REFUNDING.
"Washington dispatches of the last few days give fair
reason for hope that the question of refunding will at
must be paid
mercantile transactions.
of advantage possessed
for in
The great point
by the refunding bonds
all
has been the very fact of absence of this option
along
—that
they could not be disturbed for a long term. The proposed optional bond would not have this; it would be a
twenty-year loan, with the prospect of running from
one to twenty years longer. To change in this respect
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 more abundant
in
this
country than
is
We
generally supposed.
not dwell upon the obvious fact that to
make
this
need
change
last be taken up and disposed of.
To the Ways and now, after the old advantage of abnormal dulness in
Means Committee Mr. Sherman now admits that the the money market has ceased, would necessarily have an
option of the Government to redeem at pleasure after a obstructive effect upon the refunding process. If a
specified number of years is important and deserving 30-year plain 4 per cent would sell at a certain premium,
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
10-40 instead of a 30-year 4 per cent bond.
Of the 782
millions maturing this year and next, he would reserve
200 millions for early liquidation by refunding them in
serious
4 per cent Treasury notes at one, two,
which
All
and three
years,
be paid and canceled as they fell due.
however, is stated so qualifiedly as to suggest
latter could
this,
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
—
an optional 4 per cent far more, a 3J per cent
would not bring so much; this is but another way of
saying that the government must pay for its options if
it deems them worth having.
Are they worth having, under present circumstances ?
Obviously, there can be no motive for such option except
It
that the debt may be thereby sooner discharged.
certainly does not seem to us that this motive is adequate reason for the impairment of refunding moreover,
in considering this, it should not be forgotten that the
unknown amount of such fixed capital as Mr. Wood
describes is for the present dimmishing rather than
;
THE
154
words, the conditions hitherto
In other
-increasing.
(JHRONICLE.
favoring refunding are so far changed and changing
that we need now to make farther loans more rather
[Vol.
XXX.
" tion affects the estimated consumption for October
" and
November
It
of the utmost importance to keep in
is
to the extent of the increased weight."
mind the
turn about now, in face of change here indicated, for we shall then have no diffia culty in understanding the figures now received by cable
this fact, and lower the rate of interest proposed, is
and
for January and their relation to those of the previous
recklessness,
to
amounts
which
piece of boldness
the
offset
three
months. First wo will give the statement for the
not
does
increased
term
is
optional
that the
less attractive.
than
To
•change in rate. The plan agreed upon is much more
problematical than that consented to by Mr. Sherman.
On the other hand, it is a bald error to treat the
—
30-year unconditional bonds as many Congressmen
seem to do as if it were an absolute commitment of
the Government to paying interest during all that term.
—
Government always has the privilege of buying in its
bonds 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 Government 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
whether
at
par
— we
only doubted
season to the end of Januar)', which
Jiuleg,
Taliinqa
and Consump-
—
posed 20-40 plan contains the vice of Mr. Wood's first
plan, to-wit, that it introduces new conditions which
Bales, 400 pounds-
CanU-
Oreat
Uritain.
lufnt.
Britain.
Gmt
Continent. Britain.
Surplus Oct. 1
6,012,000 18,720,000.
15,000
Deliveries to Fob. 1
1880
1,004,380 880,328 478,148,810 382,942,E50 1,195,372
Supply to Fob.
957,356
1,078,308,«23,362 •84,160.810 401,862,550 1,210,372 1,004,356
1, '80.
time
949,133.782,530 420,900,810.140,400,000 1,087,252
Surplus Feb.
Continent.
same
Consumption
128,308,140,832
1, '80.
For the sake
58,260,0001 61 ,282,5;
of indicating
more
143,1201
861,000
153,356
clearly the facts con-
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
tained in the foregoing statement,
w§
four months.
could be and urged the inexpediency of stak-
it
ing refunding upon the success of that particular experiment. 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-
as follows.
actual.
Great
tion In Euroiye.
is
rounds (OOO's omitted).
October 1 to
February
1.
Great
Briia'n.
1879-80
1878-79
1877-78
1876-77
Bales 400 lbs. per week.
Total
Europe,
ContiBales 400 Great ContiTotal
Total
Europe.
lbs.
Europe.
nent.
Bril'n. nent.
426,901 340,400 767,301 1,918,2.52 60,986 47,277 103,263
374,400 309,600 684,000 1,710,000 52,000 43,000 95,000
417,000 317,800 735,400 1,838,500 58,000 44,000 102,000
4r)0.000 3 15,000 r95,600|l,9S9,0O0l62,500|48,Oob 110,.50O
These figures for previous seasons will be more inteland the comparison they suggest will be more
really at issue now, as before, is whether it is safe to correctly made, if we repeat the statement of conditions
during those seasons, as given by us two weeks since,
risk it.
can see no reason for modifying the position we which was as follows
may
impair or defeat further refunding.
The question
ligible,
We
:
have already taken: that the most prudent course will
be to grant the Secretary authority to issue 30-year
bonds at not over 4 per cent and then leave him to do
the best the markets permit. The man who has brought
refunding thus far may be trusted to continue it. Of
one thing, at least, we may be sure: that the uncertainty
in which the subject is kept is not favorable, as far as it
The
goes.
delicacy of public credit
adequately appreciated
in
has
never been
Congress.
COTTON CONSUMPTION IN EUROPE.
By
cable
&
we have
obtained the substance of Messrs.
February cotton report issued on Tuesday, the 10th inst. It will be remembered that two
weeks since we gave an elaborate statement of the results
reached in the annual circular of the same firm. We
have now received that circular by mail and publish it
in full on subsequent pages.
Our cable therefore of the
February report received to-day, read in connection
with the annual review, will enable our readers to
Ellison
Co.'s
In the fir.st 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
Turkey ifears of which had weighed on the market through the
This, too, was in the
previous Summer) would be averted.
midst of the period of greatest consumption ever reached, and
proved to be for the time the culminating point.
2. During 1877 each succeeding month more forcibly pointed
towards the necessity for contraction in spinning, and in the
last quarter the downward course of the cotton-goods industry
was even more manifest than earlier in the year. War was
declared in April by Russia against Turkey. But that was only
a 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
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
On the 2d of October the failure of the Glaslonger possible.
gow Bank was announced, and immediately the makeshifts
which had served to bolster up an unsound trade were fully
disclosed. Consequently, the last three months of the year and
the first month of 1879 covered the period of greatest distress
and depression.
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
«nd 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 consumption was precisely as we gave it through the cable two
weeks since. The words of Mr. Ellison on the point are
in bales
during same period.
From
the latter (with the
remarks following) we are able to see in brief how complete is the change which has taken place in consumpthat " 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
" the Continent, but these figures are now raised to 449 far as it has occurred during this season^ by giving the
" 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 Contiaen!/ each month since October Ist, which is as
« lbs. heavier than in the previous season. This altera* follows.
.__^ _
I
February
THE CHRONICLE.
14, 1880.]
400
Great Britain, October, 4>3W'k8.
Contincut, October, 4 weeks
Total October.
Great Britain, November, 4
Sovtmbtr
Great Britain, Dec, 4>a weeks...
Continent, December, i.^ weeks.
December
Total
.
Great Britain, January, 4>a w'ks
Continent, January, 5 weeks
. .
January
Total
Great Britain, Oct. to Feb
Continent, Oct. to Feb
Total October
1
to
February
1
400
lbs.
The
but for what they had failed to do.
was
and gave
protracted,
sufficient
debate,
which
opportunity for the
was brought to a close on
Tuesday of this week, when the Government was sustained by a vote of 216 to 60.
It is thus manifest thatventilation of Irish sentiment,
101,220,810
75,200,000
50,238
47,000
188,281,000
470,700
103,238
98,880,000
84,800,000
247,200
212,000
61,800
47,112
183,680,000
459,200
108,9 li
113,400,000
84,400,000
283,500
211,000
03,000
40,889
185,200,000
463,000
109,KS9
113,400,000
96,000,000
283,500
240,000
63,000
48,000
209,400,000
523,500
111,000
426,900,810
340,400,000
1,067,252
60,98(!
that
851,000
47,277
ment and order a general election, the Opposition will lose no
767,300,810
1,913,252
10H,2G3
-w'ke.
.
ttis.
Bale* per
week,
253,072
188,000
Continent, November, 4 Hi weeks
Total
Bales
Pound*.
Consumption in
155
We
here see that the improvement which began in the
early Bummer of 1879, has been pretty constant since
this season opened, Great Britain having reached during
with at least the House of Commons, as at present con-
Home rulers have no chance of effecting the
changes which they wish to see brought about in Irelandstituted, the
On
that point
are very
Whig and
much
agreed.
Tory, Liberal and Conservative,
But there are many other
vital
questions on which the two great parties are radically op-
posed
;
and there can be no doubt,
what we have
after
seen and heard, during the last few months, that
Beaconsfield does not
it is
come
Lord
his duty to advise her Majesty to dissolve Parlia.
opportunity in attempting to force
One
if
to the conclusion voluntarily
however,
thing,
of strength
:
is
him
such a conclusion.
to
very evident in
all
the majority in both Lords and
been with the Administration.
It
past contests
Commons
has-
remains to be seen,
bales weekly and
the Continent therefore, whether any new attack on the Government
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 ma1,082,112,.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
At present the rate appears to be only 48,000 parties in the present Parliament, a new election cannotsince.
bales; but as the foregoing comparison shows that for much longer Be deferred.
What will in that event be the
the 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 cerand 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
the
last
month 63,000
48,000 bales, of -^OO lbs each.
—
—
—
each cannot be expected, unless there should be a
lbs,
European war or something
demand
for goods.
else to
check the renewed
In fact, so wonderful has been the
is still
is,
doubtful whether, in the event of a dissolution, that
supposing he could go to the country with his plans
Lord Beaconsfield would not be sustained by
consumption which these figures indicate to be the votes of the paople. The recent Tory triumph in Livin 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 yet a powerful and intelligent section of the British people who do not
BRITISH POLITICS
RULE.
think that the policy of the present Government is ruinous
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-
growth
completed.
in
AND ROMS
from the establishment of a more scientific boundary
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 difiScuIt for the Liberals, even with Gladstone at
interest which attached to the occasion was due also to the their head, to beat them at the ballot box.
If, however.
esting, partly
because of the so-called Irish famine, partly
because of the troubled condition of foreign
politics,
and
is the longest-lived Parliament which
Great Britain has seen in some generations.
fact that the present
The
address, as
was
to
be expected, referred chiefly and
in the outset to the results
of the Berlin treaty, to the
watchfulness which was yet necessary to
of South Africa.
not overlooked.
lin,
in northern India,
Lord Beaconsfield
is
the people, before the
satisfactorily
forced to submit to the arbitration of
work
completed,
in
which he
is
now
involved is
his chances of success will
bo
greatly diminished.
One great source of weakness of the Liberals is the want
and of unity. Mr. Gladstone, when in Scotland, roused the
Ireland and other home questions were people into a very tempest of enthusiasm
and much of
a complete success, to
the
affairs
make
that treaty
of Afghanistan
;
It
was a noticeable feature
of the pro-
ceedings that the leaders of the liberal party, although
they expressed their minds freely on some of the questions
that enthusiasm,
we
believe,
still
continues.
But Mr.
Gladstone has not the confidence of some of the strongest
men in his own party; and his known thoroughness, almost
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
raised
address, however, was proposed by the Home in favor of sweeping reforms.
He has not spoken in favor
and an attempt was made to blame the Ministry not of Homo 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 systo
the
rulers;
•
THE (CHRONICLE.
156
more
Rule might, at some future time, be
Rule,
Home
At the present time
easily brought about.
with some grand federation
connection
in
of
spoken
unless
tem
that
Home
the colonies as well as the
scheme, which would take in
unpopular questions
mother countries, is one of the most
or Scotland. It was
England
in
which can be raised either
Home Rule to
grant
to
willingness
avowed
Lord Ramsay's
and caused his defeat
Ireland which divided the Liberals
conservative sentidelicate,
same
this
is
It
at Liverpool.
when they
ment which will be found against the Liberals
have not
they
come before the country and the people, if
themselves.
among
to an understanding
formerlv come
IVOL.
XXX.
information from the companies, and give these reports
what 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 company, and in every instance it was found that such reports
were grossly inaccurate. The New York Central & Hudson has
made a report of gross earnings 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,
1879 and 1880
Expenses. Net Earn'gs.
Earnings.
$31,114
$13,742
$18,856
January, 1830.;
8,613
IC.-tOJ
25,018
January, 1879
for
the place which
Mr. Gladstone must be allowed to take
$22,501
$2,337
$24,838
Incre.i3e
other leaders
The
him.
nature seems to have assigned
The statement below gives the gross earnings, operating
around their expenses and net earnings for the month of December, and
must give up their paltry differences and rally
January 1 to December 31, of all such railroad companies
as Bright from
devoted
and
loyal
as
become
Lowe must
chief.
as will furnish monthly exhibits for publication
Thus united, and
GROSS EAK.NIXG9, EXPENSES AND NET EARNINGS.
or Forster, or he must stand aside.
Jan. 1 to Dec 31
December.
progresclearly-defined,
a
with
1878.
country
1879.
1878.
the
1879.
going before
OhioMiss.
Atlantic
&
$
make
to
,!„,„ 1,749,614
,„,f^,
,-,o*.-^
hope
may
they
policy,
1,718,4d6
non.revolutionary
143,210
203,329
sive, but
Gross eamiiiKS
986,738 1,192,651
98,445
97,782
oS'rVcxiMmci.eitr'y)-.
Disunited and with a doubtful policy, they
a good fight.
525,805
702,876
44,795
105,547
and
Net
earninfis
foresight
skill, the
will have a poor chance against the
Burl. Cedar Rap.i*; North'u—
.
.
—
—
.
.
.
For some months to come
the unity of the Conservatives.
of the world.
British politics will command the attention
.
176,204
96,135
Gross earuiugs
Expenses
80,069
Net eaminsro
cfc Mo. River in Nel).—
124,676 1,531.919
984,807
78,740
Gross earnings
Operat'g expenses
RAILROAD EARNINGS IN JANUARY.
in
The table of railroad earnings for January is the largest,
published
the number of roads included, that has ever been
significant, as
itself
This fact is
in the Chbonicle.
of companies reporting their monthly earnings
m
450.025
713.835
1,909,518
661,689
1,117,091
1,244,829
137,769
115,521
1.930,537
1,497,317
1,908,235
1,586,335
22,248
439,220
321,900
40,896
18,266
38,397
20,724
& taxes
Net earninfrs
Carolina Central-
the number
550,142
2,160,926
45,936
Burl,
49,080
24,898
Gross earnings
Operating expenses
24,132
Net earnings
Chesapeake & Ohioalways increases when the business of the roads shows a condi179.161
Gross earnings
their
in
decrease
119,933
any
showing
roads
Operating expenses
tion of prosperity. The
59,228
earnings last month are very few, and the percentage of increase
Net earnings
approxi- Dakota Southernin the total earnings over the total for January, 1879,
9,918
earnings
Gross
9,439
Operating expenses
mates 27 per cent. For the first time, we have the earnings of
off
479
the consolidated Wabash St. Louis & Pacific road, leading
Net e.imings
A Kokonio
now with the large increase of $209,250 over January of 1879. Frankfort
3,406
Gross earnings
1,611
Operatiug expenses
The Southwestern group of roads are still among the most
prominent for their large improvement—St. Louis & Iron
1,795
Net earnings
Mountain showing an increase of ?218.5S6 St. Louis & San Houston & Texas Central- 382,230
Gross earnings
Francisco |11G,297 and Missouri Kansas & Texas an increase
Operating exp. and taxes.. 163,540
.
37,779
26,089
11,690
19,060
8,493
10,567
3,747
1,758
1,939
22,630
17,673
330,477
168.032
3,205,635
1,773,771
2,920,997
1,752,039
;
;
of $172,874.
GROSS EARNINGS IN JANUARY.
1879.
1880.
At<h.Topcka& Santa Fe.
Burl. Cedar Ran. & No..
Cairo & St. LoiUs.
Central Pacific
Chicago & Alton
Chicago & East. Illinois.
Chic. Milw. & St. Paul..
Chicago & Northwest.. .
Chic. St. P. i Minneap..
Chicago & West Mich'..
Clev. Mt. Vernon & Del..
Detroit Ljius. & North.*
Flint & Pere Marquette.
.
Canadat
Canada;
Grand Trunk
of
Great West'n of
Hannibal
i
St.
Illinois Central
Joseph..
(111.
line).
Do (Iowa leased lines)
Indiana Bloom. iSi West.
iBteruat'l
& Gt.
North..
Kan. City F. 8. & Gulf*.
Kan. City Law. & 80.*..
Kan. City St. Jo. & C. B.'
Little Rock & Ft. Smith.
Louisville
&
Nashville.
Louis*
Minneaiwlis & St.
Missouri Kansas & Tex.
Moblle&Ohio
N. Y. Cent. & Hudson...
Northern Pacific
Ogdon. & L. Champlain.
Paducah & Ellzabetht'u*
Poducah & Memphis*
.
.
St.L.A.&T.H. mainline.
Do do (branches)
8t. L. Iron Mt.& South'n.
8. Francisco.
St. Louis
&
St.Paul & Sioux City,&c.
Toledo Peoria
& Warsaw
Wabash St. Louis & Pac..
Wieoousiu Valley
473,.500
184,316
22,821
1,223,000
502,285
72,466
763,000
1,135,000
83,537
36,603
33,868
50,792
109,992
730,066
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
12,842,163
Total
Net increase
Increase. Decrease.
314,732
117,362
17.263
1,099,166
343,737
68,167
591,175
1,008,321
73,870
25.623
28.427
37,208
77.411
689,321
306,098
137.017
475,891
104,301
82,934
161,818
34,926
14,106
61,332
25.018
450,476
17,361
194,453
194,486
2,024,812
37,014
18,069
16,112
9,727
59,757
48,445
334,029
79,399
78.928
94,907
571.197
9,645
Louisville
Gross earnings
Operating expenses
158,548
4,299
171.825
126,679
9,667
10,980
5,411
13.584
32,581
40,745
45,147
32,333
Net caniiugs
Mobile & Montgomery-
94,134
105,118
597,396
650,210
*630,000
*330,000
505,843
2(j0,566
5,955,575
3,412,192
5,355.100
3,189,881
'300,000
245,277
2,543,383
2,165,216
82,530
42,320
83,648
33,500
703,407
475,866
679,260
421,101
40,260
55,148
227,541
253,159
149,552
83,920
1,800,877
1,129,395
1,631,682
1,056,447
185,653
110,059
OlJeratiug exp., Incl. taxes
53,655
2,436
3,159
25,017
9,151
5,906
24,838
197,195
11,188
172,874
52,015
568,801
44,829
12,132
8,540
2,917
36,762
2,825
218,536
116,297
19,731
1,512,055
116,468
Louis Iron Mt. & Sout'n—
655,413
Gross earnings
Operat'g and extra'y exp. 210,32o
70,570
961,550
876,112
468,195
241,725
5,292,611
2,992,056
4,514,321
2,568,363
445,083
226,470
2,300,555
1,945,956
Net earnings
The following November
have but recently come to hand.
.—July 1 to Nor. 30.-^
November.
flgiu-es
,
.
174,088
122,671
18 78.
,-.*.„„
165,530
123,460
51,417
42,070
1879.
Grand Trunk
of
*
Canada—
Gross earnings
Working exi.enses
269,256
10,026
Net earnings
.
65,851
that Union
showed an increase in January of
$169,276, and Lake Shore an increase of $375,000 in
tke first three weeks of the mouth, but we can get no
2,921,061
2,044,949
3,091,808
2,130,258
225,303
154,738
Net earnings
'.
931,935 14,237,540 13,167,741
304,0o6
187,588
St.
1,601
975,990
575,233
671,482
65,632
75,591
Net earnings
Pennsvlvania (all lines east of Pittsburg & Erie)—
3,453,925 2,605,296 31,620,279 31,036,734
amis earuiuas
Operauig expeMcV ... ... .1,941,870 1,673,361 20,382, 739 18,468,993
Net earnings
Philadelphia &. Erie—
Gross earnings
Operating expenses
•
earnings
1,626,239
Net earninss
Nashv. Chatt. & St. LouisGross earnings
Great Western of Canada—
Gross earnings
Working expenaes
f
Pacific
1,108,958
1,775,881
1,173,165
Gross earnings
Exjieuses
15,126
Three weeks only of January In each year.
For the four weeks ended January 31.
2 For the tour weeks ended January 30.
It is reported in some of the newspapers
1,431,914
222,873
117.755
Gross earnings
Net earnings
,fc Nashville-
5.5.58
133. S34
10,127,0712,780.943
2,715,092
212,445
218,268
121,134
218,690
Net earnings
International & Great North.—
Expenses
158,768
66,954
1,527,667
1 ,077,642
Net earnings....
November
1879.
„ $ ^^
1878.
1878.
1879.
815,446
592,769
222,677
.
^Jan. 1
194,7»4
to Nov. 30-^
1879.
1878.
„„,^r^
301,000
379,500
228,800
212,700
130,700
83,300
.--
^&%^.rnin|s'°".'=.^"!?.'fl7327,680 1.296,032 13,341,548 13,042,978
Operatog expensed ..;:... 608,953 642,350 0,689,731 6,971,979
Net earnings
>
Estimated.
7
718,727
653,732
6,651,767
6,070,999
February
ELLISON
THE CHRONIC
]t80.]
14.
ANNUAL REVIEW OF THE
COTTON TRADE FOR 1879.
d-
CO:S
[conducted by THOMAS
ELLISOjr.]
167
I.E.
increased from 31,.'513,00O 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 nine years was as
follows
Eighteen hundred and seventy-nine witnessed the calmination
Estimated tx-ft for Sin- r'oniininplloa
of an unusually protracted period of depression in every branch
YearB.
CullKIUIIIlti'o. plus Stock.
and Export.'
of trade everywhere. The depression wa.s due in part to an
Ponnds.
Pounds.
PouiidH.
inevitable reaction from previous extravagance, inflation and
1871
204.800
41,700
1,095,400
over-trading, whereby the world was gorged with manufac- 1872
lOil.lKK)
14,000
1,134,400
200.800
1873
36,6<M»
1,128.800
diminished
purchasingthe
tures at high prices and in part to
1874
191,(KK)
73,2<K)
1,147,400
106,.5O0
102,600
1,138,200
power of the mas.ses in Europe, India and China, resulting 1875
1 876
19.5,80O
118,200
1,172,500
harvests.
The
year
deflcient
and
of
famines
from a succession
1877
178,900
102,2(M»
1.181,000
168.000
43,000
1.155,000
opened hopefully, but no improvement of moment took place 1878
1870
100,800
1,154,700
until towards the Autumn, and no sustained increase of busiTotal
1.708,500
10,307,400
ness was witnessed until near the close. But in October comWe assume that there was no surplus stock of goods at the
menced a revival, which became more pronounced in November
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 country.
were cleared out by the end of 1879 in short, that the stock
As respects the cottc^n industry, the coui-se 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 forthe better date the surplus stocks represented five to six weeks' produc;
,
;
had not taken place before the
close of the year, half the spin-
ners and manufacturers of Lancashire would have been ruined.
The profits made during the last two or three months prevented
this wholesale bankruptcy; but, except in a comparatively
few
instances, in which consumers made large purchases of the raw
material at low prices, the net result of the year's business is a
further increase in the adverse balances which existed at the
close of 1878. This is fully demonstrated in the calculation
which we give below under the head of " Profits and Losses,
tion.
In estimating the value of the total quantity of cotton products delivered each year for export
and consumption, we have
taken the value of the exports, as given by the Board of Trade,
and we have adopted the usual assumption that the goodsconsumed at home are one-third more valuable per pound than
the goods exported. In this way we get the values of the total
deliveiies, as follows
1871-79."
,
Value of Goods
Value of
Value
and Yarns
Homo
Total
Exported.
CoDBumptlon. DcUvericB
Years.
The following
table shows that small
as was
the margin
between the price of raw cotton and the value of yams and
goods in 1878, it was still smaller in 1879.
Ave. prices per
1879 compared with
lb.
1877. 1878. 1879
Cotton—
d.
5"l6
10i:i,o
ll»ie
12iio
11%
lOia
AveraKC prices-
d.
91a
1877.
d.
d.
G5l8
He higher. Xoclmnge.
5
'18
"
•Ii«
::
9^
1058
40'8 MuleTwUt
Cloth, per lb.—
Pi-iaters', 4'4 lbs
5>4 lbs
Sliirtings, 7 lb9
8 '4 lbs
*J»ie
'16
3i8 lower.
'8
•'
II4
"
1013,6 lOia
5(8 lower.
UlB
"
Ilia
li'is
lOijo 103i8 14
"
912
' 18 higher.
!»'l6
\
1871
1 872
1873
1874
1875
1876
1877
1878
1879
.
The
lOSt
ll'^IB
Margin between—
Uplands and Twist
f4«
rioth
9»I6
0"i(
lOOio IO618
3Vi„
47i„
338
4
..
jg
14
lower.
lo
less.
"in
"
raw cotton required to produce the goods so
given in the following table, along with the amount
paid for wages, and the balance left for other expenses, &c.
Balance for other
Expenses, &c.
Paid for
Cotton.
Paid for
Wages.
Total.
less.
lis
In reducing cotton to yarn, we
have as.sumed that of the 10 per cent in American and long
£
95,212
103.190
100.137
95,021
92,519
86,503
86,476
81.771
79,291
is
I'la
I's
stock.
and 18 per cent
£
22,391
23,026
22,774
20,774
20,747
18,862
17,248
15,802
15.345
"
"
Profits and Losses, 1871 to 1879.
In the following statement we give the weight of yarns and
goods produced, the weight exported, and the weight left for
home consumption and
£
72,821
80,164
77.363
74.247
71.772
67,641
69,228
65,909
63,946
cost of the
delivered
Years.
30'8an(l 40'» Twist
and Shirtings
Printers'
"
d.
6ie
MicUlliug uplands
Fair DlKiUcrali
Yarn, best seconds—
30s Water Twist
staples,
:
1871.
1872.
1873.
1874.
1875.
1876.
1877.
1878.
1879.
£
£
£
39 ,297
49 ,251
25.102
25.996
25,808
20,292
26,083
26.869
30,813
27,943
29,682
30.053
30,583
27,293
26,591
24,527
24,094
44: ,587
38 ,676
35 853
32 341
32 ,821
3! 099
32 ,042
27,0t>4
25,145
23.1.55
Per lb. of
goods. &o.,
delivered.
d.
6-75
5-91
6-35
6-28
604
5-58
5-40
509
5
00
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 wa-s about 15s. per week,
extra allowance of 2>2 to 3 per cent for the inferior American or £39 per annum. This, on the weight of cotton used, was
crops of 1873, 1876 and 1878. The goods exported are reduced equal to oYsA. 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 agents:
1878 and 12)^ per cent for 1879. The total reduction in 1879
Yarns & Goods
Yams & Goods
Produced.
Pounds.
Exported.
Pounds.
Years.
1871
1872
1873
1874
1875
1.137,100
1,106,700
1,151,400
1,192,700
1,158,900
1.188,100
1.170.100
1876
1877
1878
1879
1,111,100
10,307,400
8,598,000
1.091, .WO
Total
The quantity taken
for
S90.(i00
935,400
928,000
953,400
941,700
976,700
1,002,100
986.100
984,900
Left fur Hoine
ConKiiniiition
and
Stiiok.
Pounds.
246,500
171,300
223,400
239,300
217.200
211,100
Iti.s.OOO
105. 200
126,200
l,70S,5ti0
home consumption
in 1871 was unusually large, owing partly to the reduced state of stocks everywhere and partly to the increased demand for cotton fabrics
occasioned by the extraordinary advance which took place in
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 e.stimated the real consumption in 1871 at G^ lbs. per
head of population, at GM lbs. in 1872 and 1873, at about
G lbs. in j874, 1875 and 187G, at
5^ lbs. in 1877, and at 5
bs. in 1878 and 1879.
During the nine years the population
reached 15 per cent, but it was only in actual force part of the
The "balance left for other expenses, &c.," includes
every outlay except wages, such as rent, taxes, gas, coal, oils,
year.
dyes, repairs, &c.
It
also includes
interest of capital
and
profits.
shows how much the " balance left for
of the weight of goods, &c., delivered,
1871 was a year of exceptional prosperity; 1872 was exactly the
reverse.
In our annual report we stated that " Altogether
the year has been the most unsatisfactory since 1869, during
which some scores of failures occurred in the manufacturing
districts; but the profits realized in 1871 saved Lancashire from
bankruptcy daring the past twelve months." The years 1873,
1874 and 1875 were yeare of moderate profits. The high price
of coal in 1873 was an exceptional source of loss to the millowners, and the result of the year's busine.ss was less favorable
than appears in our figures. In 1876 commenced the disastrous course of trade which culminated in 1879.
The balance left for all interest, profits, and all expenses
other tlaau the payments for cotton and wages, fell from 6'75d.
in 1871 to 5d. per lb. in 1879. The first five yeara of 'the
The
last
column of
other expenses"
is
per
all
lb.
—
THE
158
(;HR0N1(.^LE.
[vol.
XXX.
good year, one 6ad year, and three years
The average for the five years was 6-26d. per
by a readvance of 3-lOd.; middling being at 7 l-16d. on July 7.
During the interval between May 20 and July 7, the market
Assuming this to represent a fair remuneration per lb. of had been more or less adversely affected by rumored impend,
•lb.
products delivered, the annual losses of spinners and manufac- ing financial difficulties in Manchester, and by the fear of complications arising out of unauthorized speculative transactions
turers were as follows, in 1876, 1877, 1878 and 1879:
entered into by the resident partner of a large Continental
•period included one
of fair
profits.
Years.
WeiRlit of
Proilucts
Delivered.
Pounds.
Due forotUer
ExpVes tliaii
Wa^es A Cot-
house.
Amount
Amount
Actually
Kccoived.
ton at <>-2Gd.
per 11).
of Loss.
^83,2811.000
1,172,.^00.000 £30,.-)S2,0()0 £27,293.000
2ti,.5!) 1,000
l,181.(MMUKX)| 30,804,000
24,.52!l,O0O
1,15.5,000,0001 30,12f),O0()
1,154,700.000' 30,11S,000 24,OU1,000
1876
1877
1878
1879
l.'-'KI.OOO
5II!I,000
.'•>,.
G.Olil.OOO
£19,125,000
eiiowlng a total loss In four years of
That
this is a fair estimate of the losses sustained
by spinners
:and manufacturers is confirmed by the facts declared in the
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 f 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 practically there was a loss of dividend as well as the lo.ss 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 ftfty-flve 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 manufacturing was in proportion greater than the loss in 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 unmanufactured state ). This would bring the aggregate loss up to
.£.'5,235,003 for 1879, pgainst our estimate ot £6,024,000.
The loss to labor, owing to reductions in the rate of wages,
—
was £1,323,000
in 1878
and £3,307,030
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 e.stimate,
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 fake 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.
in 1879, or
The Course of Prices.
The market opened firmly in January at }^A. to %d. advance
upon the most depressed prices touched in December, middling
upland selling at 5 7-1 6d. on January 6, against 4%d. on
December 13. There was a disposition to take a more hopeful
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 sympathetic response from Manchester, and, spite of the strong
statistical position of the article, prices underwent no improvement 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
Manchester waked up. The result was an enonnous business on speculation, 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 1)4d. 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
holidays). Spinners bought freely, encouraging telegrams
were at
hand from New York, an extensive business was done, and
middling rose to 7 ^d. on the spot and to 7 9-32d. for delivery
in
the Autumn. ITien came another reaction of %d., followed
;
Aside from these circumstances, however, faith in a further
advance was beginning to waver, so much so that a reactionary
movement in New York and an extengive resort to " short-time"
in the manufacturing districts led to a complete change of
front between July 7 and August 6 ending in a decline, during the month, of 13-16d. on the spot, nearly Id. for Autumn
delivery and about %d. for new crops, the latter selling at
5 13-16d.
People began to •' read up" the course of the market
last year, and 5^d. per lb. was put forth as a figure which
would in all probability be witnessed before the close of the
year. But a fall of over Id. per lb. from the rates touched in
May attracted the attention of buyers in Manchester, who considered that purchases made on the basis of 6/id. for middling
upland could not do much harm. The result was a recovery of
9-16d. per lb. for spot cotton and %d. for new crops, between
the 6th and 8th of August. There was a further rise of l-16d.
on the spot during the subsequent week, and the anticipation
of a " comer" in September led to expectations of still higher
prices.
Birt 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 9th and 23rd September, spot touching 6 7-16d. and new
crops once more 5 13-16d. The last week of the month witnessed an advance of ^d. to %d. on the spot, owing to the
demand to fill September contracts, but new crops gained
—
only %d.
The so-called September " comer " being over, spot prices
sunk to 6Md. and new crops to 5%A. during the first week of
October. Once more there were visions of 5J^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
ground itself into the public mind
was impossible to get more than a few people to believe
the possibility of an advance. The short supply for the
year's exceptional depression
that
in
it
remainder of the year, the symptoms of reviving trade in Manchester, and the prospect of an increase in the rate of consumption commensurate with augmented sujiplies of cotton, 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
Hiat in October was completed the foundation of the most
remarkable coup ever witnessed either in the cotton or any
other market.
Full of confidence in a decline in prices, conOctober delivery were freely sold at much below the
spot price. The idea that the " bears" could be " cornered"
was regarded as ridiculous. Such a thing, it was said, might
be possible in New Y'ork ; but it was out of the question in a
tracts for
large market like Liverpool, particularly as there
was
practi-
one operator for the "comer." But towards the
middle of the month the "bears" began to lose faith in their
They left off ridiculing the
previously-expressed opinions.
"corner" and its originator and wisely commenced to cover
their contracts. The result was at first a gradual and then a
rai)id advance in prices, from 6^d. on the 4th to 6 ll-16d. on
the 20th, to 7d. on the 22d, to 1%i. on the 27th, and to
75^d. on the 31st. The excitement on the 31st was intense, and
prices fluctuated every few minutes. It liad transpired that
numerous settlements had been made daring 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
cally only
follows
The
:
7Md., 7 5-l«d., 7 ll-32d., 7 7-16d., 7 9-16d.. and 7y8d.
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
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
The basis upon which the business wa-s
October "comer."
to be resumed was fixed, theretore, before the month had
though consumers bought very
FaBBCARY
THE
14, 1980.1
(CHRONICLE.
expired, and on the 1st November the ofBcial quotationB for
American were reduced %d. to 7-1 6d., at which reduction a
large business was done. There was a further redaction of %d.
on the 3d and again of %(1. on the 4th, middling being quoted
6 11-lGd. on the la.st-named day, against 7%d. on the 31st Octo-
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 6Md., many looking
for Od. in December. In view of this general impression, it was
ber.
thought that the demand from the trade would be circumscribed
gave way; but spinners had used up every bale of
surjjlus stock (those who could having sent cotton to Liverpool
They were
to secure the premium on October deliveries).
obliged, therefore, to buy, and to buy freely, so that prices,
instead of continuing to give way, rapidly recovered, and
continued to gain ground until the 9th of December, on which
day middling was quoted l%d. but was actually worth 7 3-lOd.
Meanwhile, under the influence of a gigantic speculative wave
from New York, and an unusually large business in Manchester
for immediate and forward delivery, public opinion had undergone such a complete revolution that distant cotton, instead of
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
But Manchester rebelled
7 9-16d. for July-August delivery.
Buyers of yams and cloth
against these extreme prices.
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 dosed quiet at l-16d. reaction, and another 1-lGd.
was lost on the 18th. Thence to the 24th the market was
until prices
mostly quiet, but at times somewhat feverish. Prices fluctuated
daily l-32d. to l-16d., and on the 19th as much as %d., but the
tendency was upwards, and the net result was an advance of
3-16d. on the spot and 3-16d. to ^d. in futures. The market
was closed from the 24th to the 29 th for the Christmas holidays.
On the last-named day it reopened 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, lowest, average and closing prices of
middling upland on the spot, for the past four years, compare
as follows:
Opening.
Highest..
Lowest.
..
AvpriiRe.
Closing'.
The
1879.
1878.
1877.
1876.
(1.
rt.
5^
7^
d.
d.
d.
(i%
6=8
7^16
6I5ig
733
8I18
^"m
4''r
«»!«
(JM
,>%
H^
(i'fl
following
is
1875.
&\
6I4
638
" distant" deliveries, contains the prices at which what may betenned new crop deliveries were selling, beginning with OctoberNovember delivery (which is virtually November only), and
ending with December-January delivery. The important discount at which these contracts were offered jrreatly retarded
operations in Manchester, inasmuch a.<i merchants, in view of
the expected low rates, postponed business a.s much as possible.
This at once facilitated and necessitated the adoption of "shorttime" in the manufacturing districts, and prevented the realization of the extremeliigh prices which at one time (when 7^d.
was paid for August to October delivery) it was thought would
be witnessed before the close of the season.
The advance on the year in spot quotations was 1 5-16d. to
American, 9-16d. to 1 3-16d. in Brazil-s, l^^d. to l%d. in
%d. in Bengal. Brown Egyptians, owing to their
exceptional scarcity and dearness at the opening of the year,
gave way %(i. to %d., but white closed with but little change
l^d.
in
Surats and
from the opening.
Average Value per Pound op Imports, etc.
The average value per lb. of raw cotton imported, exported
consumed, &c., we estimate as follows:
1870, 1878. 1877. 1876. 1875. 1874. 1873. 1872. 1871
d.
Cuu.siiuiption .
32'8 Cop.
Twist.
Near; Distant.
Mav
May
May
May
June
Juno
July
Aug.
Alls.
Sept.
Sept.
Sept.
Sept.
Oct.
Oct.
Nov.
Nov.
Dec.
Dec.
Dec.
Dec.
Dec.
d.
02I32
51a
5»16
61132
6=32
(>
7.1.,.>
7
e;^i8-6iiio 7I8
7n.j„ 7I9 -7%
7I4
8.
6203.)
20.
24.
G.-il3„-0S!i
4. 718
lit.
7.
e
28.
9
23.
27.
30.
-li-A,,.,
d.
6I2
6>a
Bia
6I4
638
til4
<)I3]
4
6f:,.] ">'-6233., 7I8
7»8
"61»I6 tilii -67 18 7I8
7»30 -6I032
H>8"
Oifl
-513ie
6-'»32 (i203„-(j:),g
(>27.,., (!2.'!32-0.-i:,2
6%'"
d.
d.
43,,
d.
32's
d.
d.
6
'a>
10iaa7
918*
9%
10iaa<7
101-2
101-2
978
li2®8
10i2®7
IQi-j
9%
®8
7=8®
7=8®
738*
71-2
8'-4®
Sh, 4=8
8^ 51a
8n, 513
8!U s^s
8^ 51a
8=8 5«io
814
?^
8
5'l8
7''8
03i8
7»8 55
713 6=18
Sli!rtingi
8I4IIJ.
Sis
81a
81a
8l8
83i
9=8
7%®
414
8
778 4=1,
9
9383)10
914a
914a
9i8»
878*
838®
9
9
934
9=8
9
6
6
a.
37
®7
®7
d.
6
6
712
lia®7 41a
6
9
® 9%
® 9I2
®7
a>7
6
lio
8%®
As explained
in
'
our report of Octob er
introduced on and
after
the 6th
last,
d.
d.
7I16
71s
8=8
6
7
7=8
8%
•••'a
7%
d.
d.
a.
7'8
013,„
7
8
8^
for Great Britain.
Egjrptian, 51,330 West Indian, &c., 73,970 Ea.st Indian, and a
decrease of 48,980 Brazil and 580 Smyrna, or a net total increase
of 343,890 bales. The whole of this increa.se (and more) was
months of the year. The import of
American in October, November and December reached the
unprecedented total of 820,428 bales, leaving only 1,578,129
bales for the flr.st nine months of the year. The enormous
import in the last three months was due in some measure to the
hurrying forward of cotton to meet October contracts the
arrivals in October alone being 194,221 bales, against only
103,020 in 1878.
Part of the increase was also due to the
circumstance that the figures were made up to December 30,
against December 26 in the previous year.
Export. The small Continental stocks brought more orders toLiverpool and London than in 1878. The export, therefore,
showed an increase of 120,610 bales.
Stocks in the Ports.— The total stock in the ports at the end of'
1879 was 52-:),500 bales, including 482,549 bales in Liverpool,,
against 372,950 bales and 325,050 bales, respectively, or an
increase of 157,490 bales for Liverpool and 152,550 bales for theUnited Kingdom.
received in the last three
—
—
—
Stocks held by Spinners.
The stocks held at the mills weestimate as follows, compared with 1878:
1879..
1878..
American.
Brazil.
80,000
73,000
2.000
10,000
Consumption.
Eeyptiau.W. India. E. India.
35,000
18,000
the second column,
May under
the head of
2.000
2,000
— The deliveries to
6.000
7,000
Total.
125,000
110,000
home consumers werein 1878. The actual
more than
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 crop
of American was 443 lbs. per bale; but this season the average
is at least 8 lbs. per bale heavier.
This for the twelve months
ended December 31 would give an average of 446 lbs. for th»
year. The average weights of all kinds in 1879 compare a*
follows with those of the previous year:
—
U.S.
9
6 ®7 6
4i2®7 412
10ia®7 101-2
O ®8
10i2®7 IOI2
•>l8
6^8
7
8=8® 914
U^ 6% -515,0 67a 6^ oifl 83i® 938 IOI2S.7 101-2
8i:>
6 '16 -•'"2732 678
6?j
935,
10ii.®7 101-2
67
4.
6''32
613,0 6% 5I8
..-53i
3=8® 914
9 ®7 9
31. 74"
«l2
J
7
7
10i2®7 101-2
53,„ 914® 934
4 6ni„ 6>4
6 la
7
7
914®
9%
®7 lOio
14.
6''!l3,
7i8 14" »i3®10
6^8
71«
®8 O
1.
63I32
61 lis
-la
7>4 51a
93431014
3
3
®8
9.
71*16
714 59i, 10 ®10iai
73l6
®8 (!
3
IG.
62i32
71 32
714
718 5»16l 978 31038., 3 ®8 6
2.1. 61=18
714
718
7-'l6
10 ®10lsi6 3 ®8 (!
31.
714
718 0=8 10 @10ial6
'•'l8
®8 3
6-'l8 -31''l«
Ww
d.
61s
514
63,8
iMPOBTa, Deliveries, etc.,
2,722,360 bales, or 40,050 bales
Upls
Spot
d.
6=16
.
d.
6I1,
614
511i„ 5131,
6i8
6=18
Import.—'Fhe import into Great Britain in 1879, compared
with 1878, showed an increase of 194,820 American, 72,830
Home
•''iB
1I4
5%
(;i6
Deliveries.
d.
d.
6I4
Import
Export
an account of the principal fluctuations
during the year in the leading descriptions of cotton,
TwLst and 8541b. shirtings:
1879.
Jan.
6
Jan.
9
Feb. 10
Mar. 8
April 4
159
1879....
1878....
446
450
Brazil. EgJ-pt.
181
178
629
611
Smyr-
MiUlr's
na.
W.I.
Sural.
i B'gal
380
380
160
170
387
390
310
300
Total.
431-5
4330
At the rate of 387 lbs. per bale for Surats and 310 lbs. for
Bengal and Madras, the average weight of East India imported
in 1879 was 354 lbs., against 364 lbs. in 1878.
The average
weight of East India cotton exported in 1879 was 338 lbs. per
bale, and not 359
as given in the Association Circular. The
average weight of East India consumed was 382 lbs.
—
—
Weight of Imports, Deliveries, Etc. The following is an
account of the weight of each description of cotton imported,
exported and consumed in 1879, and the quantities left in tieports at the end of the year:
THE CHRONICLE.
160
Export.
Import.
CO.726,060
552.050
14,025,690
160,709,500
7,000,770
202,200
64,600
14,710,400
2,449,600
177.102,850 109,207.900
Amcricau
...1 ,08-2,656,080
Brazil
...I
Ejoiitiiui
Turkey, &c...
Feiiivlan.W.I., &o,
£a8t
ludiaii
.
.
Jiecapitulation.— The entire
movement
950,582,810 151.892.210
1,914,980
16,641,900
120,836,450 49,741,320
235.600
3,37i',20'6
10.320.600
74,708,630 28,068.160
for the year
is
shown
in the following statement
Avo'KC
stock in the ports January 1
Stock held by spinners January
Import (luring the year
1
Supply.
1879.
Wis.
Lbs.
l,449,526,720;186,000.980'l, 173,325,990 234,987.870
Total
Great Britain.
Consumption. St'kDec.31.
Ll>8.
Llis.
[Vol.
Bales.
Welg't
Lbs.
Lbs.
372,950
110,000
3,359,230
421-4
431-5
1,57,106,120
48,677,000
1,449,526,720
3,842,180
430-8
1,655,369,840
4425
Number of
liales
Av'ge weight (lbs.).
Total weifj'ht (lbs.)
.
XXX.
Continent.
1378.
1879.
1878.
771,697
628,180
449
615,170
436
505,150
435
429
340,488,810 273,880,480 207.598,950 210,709,350
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. respectively,
owing to the American bales averaging at least 8 lbs. and the
Egyptian bales 18 Iba. heavier than in the previous season.
This alteration affects the estimated consumption for October
and November to the extent of the increased average weight.
A difference of 12 lbs. per bale on 60,000 per week is 1,800 bales
of 400 lbs.
Engli.sh spinners held
The
deliveries in
no surplus stock at the end of October.
November and December reached
570,040
These deliveries included 425,810 American of 451 lbs.
and 66,360 Egyptian of 630 lbs., and only 77,870 Surats, Brazil
525,.500
Stock 111 tile ports December 31
125,000
Stock held by spiuucrs December 31
and sundries. The average weight of the 570,040 bales was 453
482,013,850 lbs. and the total weight 258,228,120 lbs.
Total
1,134,820 424-7
We estimated the
consumption in November at 60,000 bales of 400 lbs. per week
Homo consnmptioii.
2,707,360 433-3 1,173,325,990
(Oldham having resumed full time early in the month); the
Consumption of Geeat Britain foe Ten Years,
increased weight of the bales delivered (as already explained)
The following is a comparative statement of the consumption brings our estimate up to 61,800 bales per week, or 247,200
of cotton in Great Britain for the past ten years
bales for the four weeks. In December the rate of consumption was further increased. The most exaggerated estimates
Years.
Bales.
Lbs.
Lbs.
Years.
Bales.
are current as to the increase. Quite a number of persons put
1879
2,707,360 1,173,325,990 1874
3,228,130 1,266,129.2.50 the figure down at
60,000 bales of the current weight (say 450
1878
2,682,310 1,176,451,070 1873
3,203,710 1,246,149,910
1877
3,020,540 1,237,373,500 1872
3,265,620 1,175,345,250 lbs.}, or 67,500 bales of 400 lbs.; bat our impression is that
1876
3,084,960 1,274,376.750 1871
3,114,780 1,205,455,250
1875
3,115,120 1,230,388,800: 1870
2,797,090 1,071,769,780 63,000 bales of 400 lbs. is quite high enough. The last official
circular of the year was published on the 30th December,
In order to give a correct comparison of the amount of cotagainst the 26th in the previous year. The month of Decemton consumed, we have reduced the bales to the uniform 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 December. The deliveries weighed
Total in Bales Averase
Averace
Total
in
Bales
Years.
Years.
of 400 lbs.
per week.
of 400 lbs.
per w'k. 258,228,120 lbs., or 645,570 bales of 400 lbs.
If from this item
1879
2,933,310
56,410
1874
60.870 we deduct 530,700 consumed, we get 114,870 bales left as .sur3,165,323
1878
2,941,120
56,560
1873
,59,910 plus stock in the hands of spinners, in addition to ordinary
3,115,374
1877
3,094,430
59,510
1872
56,510
2,938,363
1876
3,185,940
61,270
1871
3,013,6.38
57,950 working stock. It is possible that 15,000 bales would be re1875
3,075,970
69,160
1870
2,679,420
51,520 quired to fill machinery previously empty,
in which case the
Compared with 1878, the consumption in 1879 shows a reduc- surplus stock would be about 100,000 bales, which we regard as
tion of about 0-3 per cent; compared with 1876, the falling off a minimum estimate. The stock may be more, but we do not
amounts to 8 per cent; compared with a full rate of consump- think it is less than 100,000 bales, against 69,000 last year. The
tion, say 63,500 bales of 400 lbs. per week, the reductisn is surplus stocks in the hands of Continental spinners were used
about 11^ per cent.
Subsequent investigations
up at the close of November.
showed that the bales delivered averaged about 6 lbs. each
Imports, Deliveries, etc., for the Continent.
Imports.—The import into Continental ports direct from the heavier than the weight given in our report of December 10.
countries of growth (exclusive of 21,793 bales re-eiported 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
bales of 400 lbs. each. The figures were nominally for
increase of 174,080 bales American and 19,200 Egyptian, but
a 398,970
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
and 43,800 in 1878. For thirteen weeks the totals would be
Britain, which raised the increase in import to 287,090 bales.
bales.
Export in 1879
484,320
384-0
447-1
488-4
186,000,980
234,987,870
61,055,000
:
:
Stocks.— The stocks in the ports at the close of the year, compared with those of twelve months previous, showed a decrease
of 21,690 American, 2,740 Brazilian, 140 Smyrna and 1,790 West
Indian, and an increase of 1,280 Egyptian and 4,120 East
Indian,
or a net 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 49,468
bales
in 1879, against 45,696 in 1878,
week.
an increase of 3,772 bales per
611,000 bales, or 244,400,000 lbs., in 1879,
On the basis of the foregoing estimates, the
the thirteen weeks were as follows
Imports, Deuveeies 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
bales, or
movements for
:
Great Britain.
1879.
Lbs.
352,500,810 "87
Consumption
teen weeks
Continent.
1878.
Lbs.
IS 79.
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
Surplus stock, Oct. 1
Deliveries to Dec. 31
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.
and 569,400
227,760,000 lbs., in 1878.
68(1
4S0 286,318,950 247,259,350
in thir
312,500,810 260,000,000 244,400,000 227,700,000
Surplus stock, Dec.3
Surplus bales of 400
40,000,000
pounds
100,000
27,686,480 41,918,950
19,199,350
104,000
48,000
69,000
:
The Bo.mbat Cotton
Import.
1879.
American
1878.
Lrelivcrles.
1879.
1878.
Stock 31st Dec.
1879.
1S78.
3,840,200 3,471,300 3,723,100 3,578,000 411.030 293.930
Brazilian ....
104,110 153,720 1 16.850 170,560 11,840
Egyptian
392,520 300.490 357,800 350,730 80,870 24,580
46,150
Smyrna, &c..
34,160
57.770
34,400
63,940
2,110
2,350
Peril, \V.I.,&c.
103,.530
53,75e
92,550
66,850
26,020
15,040
East Indian.. 951,800 879,420 970,030 828,470
112,610 130,840
Tttol
.
. .
the courtesy of Mr. Gordon, the esteemed
Secretary of the Bombay Chamber of Commerce, for the following interesting particulars relating to the cotton mills in the
Bombay Presidency
;
Cotton Consumed.
Number of
Spin dies.
5.426.320 4.916.450 5.294.730 5.058.550 644.4S0 512.89
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
Mills.
We are indebted to
In
Bombay
Tot.al
1878-9.
1877-8.
Bales.
Bales.
1,150,722
196,440
176.000
37,680
202,510
31,900
1,347,162
213.680
234,410
FKBRUAni
THE
1880.]
14,
(;hiionicle.
The bales average 392 Ibn. each. The figures are for the
years ended June 30. The reduction in Bombay town was
caused by several of the mills being closed in connection with
the failures which took plac<s in January, and by the adoption
of " short-time" in othew.
Peospects op Supply and Cossumptios.
;
December
31, in 1875.
last four seasons
The
total receipts to these dates in the
compared as follows with the entire crop
Rcccivcil.
Season of
To—
1875-76....
1876-77....
1877-78....
1878-79....
1879-80.
Deo.
Dec.
Doc.
Dec.
Dec.
. .
31
15
28
27
19
:
Crop.
No. of
Per Cent.
Total.
2,375,000
2,275,000
2,390,000
50'8C
50-72
2,5<i7,000
50(50
4,009,000
4,485,000
4, « 11,000
5,073,000
BiilcH.
49-(i8
If to the quantity to receive between December 31 and September 30 we add the stocks on hand December 81, we get the
total supply available for the nine months
:
Imports to 8i>pt. 30
American
There is still a considerable difference of opinion as to the
probable out-turn of the American crop. The receipts at tlie
porta to January 23 showed an increase of 522,000 bales over
those of last season, and at the end of December there was a
further excess of 163,000 bales in the quantity forwarded overland direct to Northern spinners, making a total increase of
685,000 bales. Most persons expect that a portion of this excess
will be lost during the remainder of the season, but they are
by no means agreed as to the extent of the loss. It is admitted that the movement of the crop has been very rapid, prolinbjy more rapid than that of any previous crop ; and bearing in
mind the inducement which planters have had in the shape of
high prices to hurry their produce to market, it may be that
the quantity remaining on the plantations is smaller, in proportion to the total yield, than in any previous season at this date.
Looking at the movements at the ports, we find that the eight
largest weeks were those ended Dec. 19, against December 27,
in 1878 ; December 28, in 1877 December 15, in 1876 ; and
2,802,000
161
..
.
ICast Indian.
lOKyntInu ....
Stock Dec. 31.
1880.
1879.
1870.
2,000
1,024
221
2,707
411
112
81
80O
Suudrloo
'i4U
170
199
Total
4,097
3,870
Total Supply.
1878.
1880.
1879.
294
3,001
131
3,017
1,136
40
46
42
302
280
931
216
241
044
513
4.741
4,38«
The "total supply"
averasjes about 425 lbs. per bale for this
sea-son, against 419 lbs. per bale last season.
The total weight
is 2,014,925,000 lbs. this year, against 1,838,991,000 lbs.
last
year, or 5,037,310 bales of 400 lbs., against 4,597,470 bales. This
year English spinners commence with a stock of 100,000 bales
lbs., against 69,000 bales last year, and Continental
spinners with a stock of 104,000 bales, against 48,000. Last year the
stock in the ports of Europe on the 30th September averaged
of 400
barely 400
each,
owing
to the
preponderance of East India
will probably be about the
same— say 400 lbs. Last year, in the nine months, the astnal
consumption of Europe was 4,165,000 bales, or about 106,800
bales per week, namely, 55,000 bales per week in Great Britain
(where much "short-time" had been worked) and 51,800 on the
Continent (a considerable expansion having taken place in Russia, 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 likely to fall short of 52,000 per week. In England, the present rate is about 63,000 to 64,000 bales per week,
some say more, "but it may not average over 63,000 for the nine
months. This would give 115,000 bales per week for all Europe,
or a total of 4,485,000 bales.
lbs.
The average
cotton.
this
year
To the figures for the first three seasons we have added onehalf of the " corrections " made at the close of the season.
There were no'corrections in 1878-79.
It will be noticed that the variations in the proportions received at the several dates are remarkably slight. The aver-
On the foregoing basis, supply, consumption and stocks for
the nine months compare as follows, in bales of the uniform
weight of 400 lbs.:
age for the four years
Import and stock
8tO(!k at English mills Jan. 1
Stock at Continental mills Jan.
5,037,000
100,000
104,000
4,597,000
09,000
48,000
Supply
Consumption, nine mouths.
5,241,000
4,485,000
4,714,000
4,165,000
756,000
694,000
02.000
549,000
487,000
62.000
50-16 per cent.
is
At
this
rate the
December 19 indicate a crop of from
Assuming the crop to reach
5,560,000 bales, the distribution would probably be about as
follows, compared with the actual figures for last season
2,802,000 bales received to
5,550,000
:
1878-79.
5,560.000
66,000
5,073,000
46,000
Stocks 31st Augast
5,620,000
66,000
5,119,000
66,000
Deliveries
5,560,000
5,053,000
1,.566,000
1,416,000
170,000
15,000
35,000
15'J.OOO
Total crop
Stocks Ist September
Bales.
Consume*! by Northern spinners
li.v
Soiitlicrn spinners
Burnt North anil South
Sent to Canada, Mexico, West
. .
Indies, die!
Total
Available for export to Europe
less foreign cotton imported & re-exported
Actual export of American cotton
Actual imiwrt into Europe
I
15,000
30,000
1,786,000
1,613,000
3,774,000
11,000
3,440,000
11,000
3.763,000
3,42n,000
3,414,000
We have assumed that the North will
want 150,000 bales (they
their takings so far show an excess o
400,CC0 bales, but part of this will be lost before the close
of the
season), the South 18,000 and Canada 5,000 more
than last season.
A fair estimate of the import into Europe this season
would therefore be 3,750,000 bales. It is expected that
the
Egyptian crop will reach 3,000,000 cantars, or 446,000 bales
of
629 lbs., against 257,000 of 611 lbs. last season. The East
Indies
may want
will
.
to 5,560,000 bales.
1879-80.
Consumed
1880.
200,000
;
Stock 30th September
Of which ill tlio ports..
.
And
at the
niill.'<
1879.
The surprising feature of the foregoing calculation is that
with 500,000 bales mote raised in America, 460.000 more shipped
from India Egypt and sundries, or a total of 960,000 bales, there
is the likelihood of the stocks in the ports of Europe at the close
of 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
world were, in proportion to the normal requirements of consumers, unprecedentedly small. Thissfact, and the demand to fill
machinery long standing idle, sufliciently accounts for the actual
and probable disappearance of the increased supplies of cotton
already received or to be received this season.
As to value, we must leave our readers to draw thei? own
conclusions. In the long run, the value of an article is regu-
by supply and demand; but it is obvious, from the experience of only the past eighteen months, that, at times, price is a
mere idea an arbitrary figure regulated more by the temperament of the market, or the mere opinion of the majority of
lated
—
operators, for the time being, than by the action of the recognized principles of political economy. The popular notion at
present is that an American crop of 5}i millions is discounted,
bales.
From sundry and that prices will fluctuate about 7d. as a centre. One cir300,000 bales, against 232,000 -cumstance, however, should be borne in mind, and that is that
the bulk of the present large consumption is to supply orders
perhaps send an increase of 200,000
sources of supply
we may get
bales.
The supply for the season, the quantity received
to December 31, and balance to receive between
December 31 and September 30, compare as follows with the
actual figures for last
season in 1,000s of bales
Import, for Received to
the SensMii.
31.
Tiital
Anieiicnn ..
East IiHlies
fgyiitian
uudiica
.
Tot«l.
.
.
Dec To Receive, Dec.
31 to Sept. 30.
1879-80,
1878-79.
1879.
1878.
18S0.
1879.
3,T.iO
3,394
1,173
974
325
54
2,606
1,024
232
687
174
87
2,707
446
300
1,144
151
5,071
4,857
1,574
33
221
240
981
4,097
SOO
ITO
taken at
much lower
tion of even
prices than those now current; and a quesmore importance than the out-turn of the Ameri-
can crop, is— Will the markets of the world, which are now recei^ ing large quantities of goods purchased at low prices, go on
buying at the advance now established? If the demand continues good (and there are as yet no indications of slackening
anywhere), there is no plethora of cotton, even with an American crop of over 5/^ millions; but of course, if the crop should,
as some think, materinlly exceed 5?^ millions, present opinions
about prices would undergo some modifi'-ation.
11)9
3.ST0
ELLISON k
7
RuMFORD Steeet, Liverpool, Jan.
CO., Cotton Brokers.
27, 1880.
THE CHRONICLE.
162
[Vol,
Previously reported ($320,915
silv.,
Tot. slnceJan. 1, "80 ($329,343 sllv.,
UeporO— Per
Ensllah Market
Gable.
and
daily closing quotations in the markets of London
in
Liverpool for the past week, as reported by cable, are shown
The
the followinff summary:
i,
t>
i
London .yi'mey and Stock Market.— 'i)i& bullion m the HanK
week
the
daring
£101,000
increased
of England has
.
7.
d. 52»j9
Sllvcr.peroz
ConmlH
for
money
97i»i8
98i la
Consols for account
U.S. 5«of 1881
8. 4>2S of 1891
U.S. 48 of 1907
Erie, comiuou stock
U.
Illiuois Ceiitrul
Peiiiisv 1 viiiiia
PUila(ieli)liJii& Reading.
Tues.
Feb.
Wed.
Fell.
9.
10.
11.
526,6
97l4i8
9715ie
52 13
971610
971518
Mon.
Sat.
Feb.
105%
105 '8
IIIJ4
iim
108%
108 "2
49
107 13
491a
1071a
54 14
54^
34%
35
Vottm Market— B6&
Liverpool
105%
111%
Feb.
13.
52%
52%
52%
9715,8
971S18
9715i8
9715,8
981,8
981,8
105%
lllU
109 14
109 18
49%
48''8
107 12
54
34
107 12
54
Mon.
Sat.
d.
».
Flour(ex. 8t.1te)Pccnt'1.14 3
Wbcat,spr'K,N(i.2,1001b.lO 6
"
10 1
Siiiiug, No. 3...
"
10 11
Wiuter,\Vcst.,n.
"
11 1
Southern, new .
"
10 4
Av.Cul. wliite..
"
10 9
Califomia club.
Coru,uiix.,W.oUlBeent'I 5
5 31a
do do new. "
a.
3
14
10
10
11
7
2
d.
Port, West. mess.. ipbbl. 59
Bacon, long clear, cwt.. 35
"
37
Short clear
Beef, pr. mess, !p tierce. 80
Lard, prime West, ^cwt.38
Cheese. Am. choice " 73
6
9
d.
2
Thurs.
14 6
10 10
10 5
11
11
11
10
10
11
5
11
5
5
5
Tues.
d.
59
35 6
37
80
38 9
73
d.
s.
59
35 O
37
80
38 9
73
Wed.
d
Tlmrs.
«.
s.
$3,849,682
27,554,481
$4,570,886
29,573,279
Total weefe
Prev. reported..
1.
59
35
37
80
39
59
35
755,697 50
1,037,478 70
1,149,658 65
73
7,180,053 84 12,446,719 31
Cireulat'n
issued s'cc
June
$
1,461,180
560,365
1,699,310
Voriiudit
Mas;s;K'hnHett8 19,926,360
Ubo.lo Ishiud. 1,655,370
Couneotit'Ut .. 2,485,460
N. Haiiipshii-e
New York
New Jcrsoy...
Pennsvlvania
Maryland .. ..
Dist. Columbia
Virginia
WestVirsiinia.
N'rth Carolina
S'th Ciivoliua
.
Georgia
Alabama
Mississippi
Ix)uisiuna ....
. .
Texas
Keutiickv
$8,469,472
43,085,200
Ohio
Indiana
1879.
$6,817,258
27.485,203
1880.
$3,725,001
29,660,406
Total s'ee Jan.
1. $33,890,137 $37,849,737 $34,302,463
$35,385,407
following will show the exports of specie from the port
of New York for the week ending Feb. 7, and also a comparison of the total since Jan. 1, 1880, with the corresponding
totals for several previous years:
The
Feb.
4—Str. Flamborough ..Mayasuez
5—Str. C. of K de Jauiero.St. Thomiis
5— Str. Alps
Port-au-Priiice
5—Str. .Saratoga
Havana
7—S*r. Neckar
London
Mex.
Mex.
Mex.
. .
silv. dols.
sllv. dols.
sllv. dols.
$1,517
Michigan
Wisconsin
20,441,8-55
1,712,165
9,740,190
232.275
1,139,810
455.500
755,500
108.370
1,235,660
77,200
470,850
45,000
207,000
Legal-Tender Notes Deposited to
Ketire National Bank Circular
Legal Tention since Jiuie 20 1874.
,
....
Minnesota
Kansas
Nebraska
deposit
with U. S.
Tieasm-er
at date.
New
..
Mexico..
—
Diikota
California
'Legal tenders
Tofcils
$
$
$
$
317.000
917,000
600,000
128,797
72,997
5.5,800
174,097 1,069,310 1,243,437
234,800 7,172,500 7,407,300
32,330
735,383
767,735
65.350 1,645,830 1,711.180
2,138,878 21,733,070 23,892,548
241,000 1,517,280 1,738,940
1,162,226 6,322,071 7,484,297
220,231
36,710
136,300
1,052,853
70,572
367,711
4,470,630
411,551
1,157,230
1,812,980
845,164
1,790,879
1,001,060
1,140,785
953,380
725,400
72,585
37,896
278,531
110,725
190,666
34,265
93,240
'l(i6,606
l',"64(3.3s6
417,664
427..500
910,30!!
880,510
270,000
1,012,583
953,380
437,075
731,060
128,200
287,725
90,000
139,500
229,500
129,543
645,750
10,000
2,099,2.50
2,'7'45,6'o'6
229,340
144,000
1,441,933
233,080
239,340
144,000
2,071,800
904,260
4,005,920
4,488,541
7,315,680
8,135,180
2.497.495
1,632,299
2.366,624
1,736,540
972,271
278,080
149,400
196,800
45,000
284,483
357,991
127,300
217,708
1,125
5,812
382,785
198,381
732,524
994,242
2,261,138
1,033,683
439,205
436,752
444,674
275,218
256,081
53,965
2,108
26,037
19,782
49,480
306
3,237,680
2,289,265
1.973,710
732,930
1,398,400
1,017,800
147,600
67,500
'629,867
370,401
998,510
1,538,754
1,224,197
1,734,934
304,500
653.860
811,669
420,095
781,721
45,000
533,8.39
3,607,410
2,949,787
6,091,483
6,400,246
2,132,995
968,439
1,554,955
1,316,445
li»0,5.30
Nevada
Utah
Montana
Washinaton
on
ders
retire
Redempt'n To
Cireulat'n
of Notes of
Total
imder
Act Deposits.
Liquidat
of J'ne20,
lug Banks
1874.
1,284,110
161,100
144,000
3,622,430
587,710
742,260
2,561,620
Missouri
$8,630,618
24,185,844
1
.
5,341,149
NEW YORK FOR THE WEEK.
1878.
$6,949,877
30,899,860
20,
Maine
6
5,344,360
66 106,549,171 30 7,394,775 S.S
24 106,920.485 18 7,081,780 77
94jl07,418,719 00 7,211,087 78
44 107,413.000 47 7,138,417 97
l,217,.t74 78 107.J11,330 49 7,160,085 87
7,769,307 25 100,385,713 95 7,366,059 81
347,152
1,229,716
848,981
834.086
Statement of the Comptroller of the Currency, showing by
States the amount of National Bank circulation issued, and th»
amount of Legal Tender notes deposited in the United States
Treasury to retire National Bank circulation, from June 20, 1874,
to Feb. 1, 1880, and amount remaining on deposit at latter
Illinois
1877.
$4,977,839
28,912,598
For the week....
Prev. reported..
"
10...
11...
12...
13...
37
10:
EXPORTS FROM
"
1874.
$34,149,165
week ending Feb.
"
Frl.
$31,104,163 $32,816,462 $52,134,672
The following is a statement of the exports (exclusive of
specie) from the port of New York to foreign ports for the
Total s'ce Jan.
"
Currency.
Gold.
$
1,478,660 08
1,288,041 54
1,476,517 37
7...
9...
••
d.
—
1,891,563
Feb.
States and
Tekritokies.
Impohts and E.xports for the Week. The imports of last
week, compared with those of the preceding week, show
an increase in dry goods and a decrease in general merchandise.
The total imports were $8,469,472, against $11,753,252 the preceding week and $11,068,634 two weeks previous. The exports
for the week ended Feb. 10 amounted to $5,725,001, against
$6,322,878 last week and $6,744,879 the previous week. The
following are the imports at New York for the week ending
(for dry goods) Feb. 5 and for the week ending (for general
merchandise) Feb. 6:
FOREIGN IMPORTS AT NEW YORK FOR THE WEEK.
1877.
1878.
1879
1880
Dry Goods
$2,070,752
$1,958,119
$3,286,258
$3,128,323
2,500,134
$
Payments.
date.
®0nimcrcial miULW^isttWmxzisxxs ^extis.
General mdse...
Balances.
Beceipts.
Additional
80
39
73
gold)
I
li
9
—
d.
8.
875,038
$1,096,717
Same time inSame time in—
Same time in—
$158,191 1871
$391,498
1879
$1,463,978 1875
1874
835,031 1870
2, f 01, 302
2,836,973
1878
147,242 1869
1,884,117 1873
1,730,440
1877
252,526 1868
438.126 1872
1876
280,987
The following table shows the receipts and payments at the
Sub-Treasury in this city, a.s well as the balances in the same,
for each day of the past week:
Total
Fri.
d.
s.
14 6
10 10
10
5i«
4I2
s.
3313
cotton.
d.
».
63%
54
33
on
Wed.
49%
49
IO7I3 xl04
4
Liverpool Provisions Market.
Mon.
Sat.
s.
Tues.
d.
106
lOS's
111% XIIOI4
109%
109 13
33I2
special report
and $767,374
Feb.
12.
Market. —
Liverpool Breadstuffs
Ffi.
Tlmrs.
Feb.
and ,$554,123 gold)
XXX
135,083
161,191
82,300
408,900
134,900
64,500
135,000
45 000
112,500
301,500
3,813,073
85,635,863 17,798,808 70,904,378 98,516,801 10,706,370'
•Deposited prior to Juno 20, 1874, and remaining at that date.
,300
State.hent of the Comptroller of the Currency on Feb. 1,
showing the amounts of National Bank notes and of Legal
Am. silv. bars.
Ten(ier notes outstanding at the dates of the passage of the
January 14, 1875, and May 31, 1878,
Total for the week ($77,01 3 silver, and $52,800 gold)
$129813 Acts of June 20, 1874,
Previously reported (,$590,629 sUv., and $214,190 gold)
810,819 together with the amounts outstanding at date, and the
increase or decrease:
Tot. since Jan. 1, '80 ($673,642 silv., and $266,990 gold)
$940,032
National Hank Xotes—
Same time in—
Same time inSame time In
$349,.894,182
Amount outs'anding June 20, 1874
1879
$1,487,937 1873
$12,253,332 1871
351,861,450
$5,484,227 Amount out.stauding January 14, 1875
1878
1,817,446 1874
4.657,922 1870
322.535,905
4.350.860 Amount outstanding May 31,1878
1877
1,888,615 1873
9.804,904 1869
5,139,171 Amount outstanding at date'
342,304,789
1876
3.208.040 1872
1,775,043 1868
1, '43, 573
9,657,851
Increa.«e during the last month
19,373,940
The imports of specie at this port for the same periods hare Increase since Feb. 1, 1879
Tender
Xoles—
r.eaal
^„^
been as follows:
$382,000,000
Amount outstanding Jane 20, 1874
Feb.
382,000,000
14.
1875
outstanding
January
Amount
2— —- J.dp.Biieno
Cuba
Am. silv. coin..
35,318,984
$230 Amount retired under act of Jan. 14, 1875, to May 31, '78
2—Schr. Potosi
Mexico
Am. silv. coin
346,081,016
281 Amount outstanding on and since M.ay 31, 1878
2—Str. Ganima
Cuba
Am. gold coin.'.'
795 Amount on deposit with the U. S. Treasurer to redeem
2—Str. Acapulco
U. S. of Colombia... Am. silv. coin..
4,521
notes of insolvent and liquidating banks, and banks
_
Am. gold coin
16.706,3/0
1,835
retiring circiUation imder Act of Juiie 20, 1874
Span, doubl'ns.
11.996
52.800
60,000
1880,
.
.
For. silv. coin..
4—Str.
6— Str.
a,
'
Ncck.ar
Genmany
Frlsia
Frauce
Am.
gold coin..
47,47ft
CentrtU America.
For. gold coin..
Am. silv. coin..
A-n. gold coin..
154,000
6— Brig Emily
_
137
3,280
2,860
83
Gold bars
Gold dust
-,.
^
_
_
For. gold coin..
.
^.cstcrn Texas.... British West Indies. Am. silv. com
7^Str. Ailea
Hayti
Am. silv. coin..
U. S. ot Colombia... Gold dust
Am. gold coin..
Z~fJ'"-
Am.
Total for the
week
silv. coin..
($9,428 sUver, and $213,251 gold)
•y.
$200
870
1,739
1,000
1,450
200
300
$221,679
Increase in deposit during the last month
Increase in deposit since Feb. 1, 1879
3,331,013
5,034,130
« Circulation
of national gold banks, not included in the above,
$1,426,120.
Imliana Central— Pennsylvania.— It
Coliimbns Chicago
will be remembered that, by Justice Harlan's decision in the
suits between these companies, the lessor was given until the
The
first of January, 1880, to reduce the debt to $15,821,000.
&
report of the master appointed by the Court to supervise the
performance of the decree by the le.ssors, was made on the 5th
instant, and after argument the Court decreed that the acts
FEBnuAiiT
THE CHRONICLE.
14, 1880.J
done amount to performance of the decrees and to a reduction
of the debt to $15,821,000, except the amount required for the
Pallan decree, involving a large amount, for which security was
required, and has been deposited for $1,000,000, by the C. C. &
I. C. Company. Upon the finding, a decree was entered for the
arrearages of'^ rental up to January 1, 1880, amounting to about
$2,600,000, subject to deduction for net earnings for November
and December, to be paid in— say about $200,000 An appeal
was taken by the Pennsylvania Railroad Company, the lessee,
and the Philadelphia Ledijer says
" Upon the question of the amount of rental due considerable
differences existed. The lessees asked to set oflf various claims,
amounting to about i?l,000,000, and of these about $1500,000
were allowed. The lessees think too little was credited, and
the les-sors say there was too much. The appeals will raise
these questions as well as the numerous legal questions involving the original validity of the lease, its termination by subseq aent legal proceedings, the sufficiency of the mode of reducing
tne debt, and others. The litigation was commenced in February, 1875. Five years have elapsed before a final decree lias
been reached. The appeals in the present state of the United
States Supreme Court docket will hardly be heard in less
than four years, so that the large amount of money involved
in the decree for rental cannot be applied to the interest upon
the bonds of the lessor company, and in the meantime it is
presumed the road will be operated as heretofore, by the lessees continuing in possession and paying the net earnings into
Court."
Union Piiclflc. The new stock of the Consolidated Union
:
—
Kansas Pacific and Denver Pacific railroads, amounting
to $53,000,000, has been placed on the N. Y. Stock Exchange
list.
The statement submitted says that the agreement of consolidation was made Jan. 24, 1880, under authority given in the
acts of Congress of July 1, 1802, and July 2, 18(54. The funded
debts of the constituent companies forming this consolidation
are recited in detail as they are given in the tables of the
Ikvbstors' Supplement.
Under the collateral trust mortgage of the Union Pacific
Railroad Company, $2,000,000 have been issued, and the right
to issue the unissued bonds under this mortgage is reserved.
Under the consolidated mortgage of the Kansas Pacific, $8,450,000 have been issued, and the right to issue the unissued
bonds under this mortgage is also reserved.
In addition to the funded debt enumerated, the trustees in
the Kansas Pacific consolidated mortgage of May 1, 1879, hold
the following securities, which are kept for the protection of
the trust created by that instrument, namely Funding mortgage bonds, $1,500,000 second land grants, $1,400,000 Leavenworth Branch bonds, 108,000 income bonds, $3,151,700 Arkansas Valley bonds, $1,035,000
Solomon Railroad bonds,
575,000; Denver Pacific bonds, $1,641,000; Boulder Valley
bonds, $468,000; Junction City & Fort Kearney bonds,
$820,000 Golden, Boulder and Caribou bonds, $60,000 total,
Pacific,
163
poses, and the coke heretofore used has been transported at
enormous cost. The demand for such coal in Colorado and
Utah is immense.
This company, it is estimated by its friends,
will show a net income of $400,000 within the next fiscal year.
—
The well-known firm of Messrs. Thomas Denny & Co , 30
Pine street, offer for sale $100,000 ;8t. Louis Kansas City ft
Northern first mortgage 7 per cent Omaha Division Ixinds
also, $100,000 real estate and railroad first mortgage 7 per
cent bonds of the same road, and $100,000 Internationa]^ &
Great Northern flrat mortgage 6 per cent gold bonds. They
wish to purchase International & Great Northern mortgage bona scrip and all classes of Toledo Wabash & Western
funded debt bond scrip. Investors and others may find it to
their advantage to communicate with this firm.
—
The New York Fkening Expreu Statf-sman's Aiwual is one
of the most elaborate of any of the statistical annuals published.
It is issued as a pamphlet of nearly 800 pages, and is edited
and compiled by Mr. Henry A. Jackson, the well-known financial
editor of the Expreis, assisted by Mr. J. B. Peck. For the
statesman and politician the book contains a volume of interesting matter and tabular statistics which are invaluable. It is
sold at the very moderate price of 50 cents.
—
The Manhattan Life Insurance Company of New York has
just published its annual statement for the ycarending Dec. 31,
1879. The business of 1879 footed up $1,891,322, of which about
$1,000,000 was for premiums received. The disbursements, including losses and all expenses, were only $1,551,342, The total
assets are $10,049,156, and the surplus by the New York standard
Mr. Henry Stokes is Presiis the handsome sum of $1,849,660.
dent and Mr. C. Y. Wemple is Vice-President.
—
The Blinkers' Almanac and liegister for 1880 has just beea
issaed, containing all its usual stock of valuable information.
There
States
is a list of all the banks and bankers of the several
and Canada, with the names of the president, cashier
and New Y'ork correspondent of each.
A
legal directory is
one of the new features of the present volume, giving the
names of attorneys in every section of the country.
The Peoria Decatur & Evansville RR. Co. has just purchased the Grayyille & Southern Railroad of 75 miles, wliich
now makes the P. D. & E. road 185 miles in length. It is also
proposed to build about 60 miles additional —to EvansvUle,
and there connect with the Louisville & Nashville roads.
The stocks and bonds of this company (the P. D. & E.) have
been placed on the N. Y. Stock Exchange list.
—Messrs. Wood & Davis, 31 Pine street, are offering the 6
;
per cent first mortgage bonds of the Atchison Colorado &
This road is an extension of the Central
Pacific Railroad.
;
Branch Union Pacific, and the bonds are guaranteed by the
last-named company. The net earnings of the lines in 1879 was
$522,133, and the surplus over interest charges was $262,178.
;
;
—The Chicago & Alton Railroad Company declares a divi$10,758,700.
and 3 per cent on
The Union Pacific collateral trust bonds are put on the list dend of 3/^ per cent on its preferred stock
common stock, payable at the office of Messrs. Jesup, Paton &
and the issue is limited to 80 per cent of the following bonds
Co., on the 1st day of March, 1880. Transfer books close ott
Om.ilia & Reimhlicau Valley R.ailro.a(l | $10,000 per mile,
pie«ciit IciiKtli of lOiul 8OI3 miles
$850,000 the 20th inst. and "re-open March 2, 1880.
Colorado Cent nil Kui lioad lionds
2,520,000
—Attention is called to a list of choice investments offered to
Utali Northern KaiUoad, present issue about
3, 180,000
the public by Mr. Chas. T. Wing, corner Wall street and BroadTotal
$6,356,000 way, New York. Mr. Wing has given attention for years past
The collateral trust bonds are 6 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 m6nthly
Company, and have been pledged with the trustees as security dividend for January of 25 cents per share, payable at Wells,
for the first mortgage bonds of the roads named above. The Fargo & Co.'s, on the 2'jth. Transfers close to-day.
sinking fund is as follows
—The Homestake Mining Company has declared its usual
Interest collected ou liypotliecatcd bonds, say $1,000,000, at 7
dividend, for Jannai-y, payable at Wells, Fargo & Co.'s, on the
per cell t
$70,000
Transfers close on the 20th.
25th.
Interest paid on collateral trust bonds issued against same at
80 per cent, $800,000, at G iier cent
48,000
—Ohio Central Railroad Company stock has been put upon
the New York Stock Exchange List.
Annual sinking fund
$22,000
The following is a comparative statement of the land sales
•of the Union Pacific Railroad since 1875:
BAJiRlJiG AND FlNlNCIAL.
^'oai'
Aires.
Av. price p. aero.
Amount.
1875
lll,965o5
$3 60
$409,916 10
187(,
FISK & HATCH,
128,0!)6-21
3 02
389,773 16
1877
«9,015-87
4 98
343,708 02
liAXKEltS,
—
:
;
j
;
—
:
:
—
1878
18''J
31S,903-47
213,337-43
4 88
4 14 1-10
1,!>57,082 32
IN GOVERNMENT BONDS,
and other desirable Investment Securities,
NO. 5 NASSAU STREET, N. Y.
AND DEALERS
1,007,855 63
Virginia State Bonds.— The press dispatches from Richmond 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, reconstruction 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 $1,000,000 is authorized, certificates issued thereunder to be 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
courts are prohibited from issuing writs compelling tax collectors to receive tax-receivable coupons. The act is to be submitted 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.
°^°*' '° Pleasant Valley, Utah, valuable coal mines,
it claims, is the first yet discovered west of
1 ennsylvania that will make flrst-class coke for smelting pur-
A this
T^*^
and
coal,
Buy and sell all issues of Government Bonds, in large or small
amount*, at current market prices, and will be pleased to furnish information In rcferenci to all matters connected with investments in Govcniment Bonds.
We are prepared to give information in regard to flrst-olass Ballway
Securities and to execute oi-ders for the same.
Buy and sell all marketable Stocks and Bonds on commission, at Oie
Stock Exchange or in the open market.
Receive accounts of Banks, Bankers, Merchants, and others, and allow
interest on daily balances and for those keeping accounts with us we
collect U. S. coupons and registered interest, and other coupons, divi;
dends,
<S:o.,
and
credit without charge.
ty We give special attention to orders from Banks, Bankers,tolustttubuy or
tions
seU
and investors out of the
city,
by
MAIL or TELEGRAPH,
GOVERNMENT BONDS, STATE and RAILROAD BONDS, BANK
STOCKS. RAILROAD STOCKS, and other
We have Issued the Serenth
ernment Bonds," copies
of
EiUflon of "
securities.
Memoranda Oonceming Gov-
which can be had on application.
FBK & HAKM.
THE CHROxNICLE.
164
[Vol.
XXX.
At the Treasury purchase of bonds on Wednesday, the proamounted to $11,025,000. The amount called for
by the Treasury was $11,000,000, and all 6s of 1880 at 103M and
NATIONAL BANKS ORGANIZED.
under, all (is of 1881 at 105% and under, and all 5s of 1881 at
the
The United States Comptroller of the Currency furnishes
103 j6 and under, were accepted, amounting in all to $11,474,000.
week:
past
the
organized
following statement of National Banks
The Secretary of the Treasury now gives notice that proposals
Ainliorize<l capital,
for the sale to the government of §1,000,000 bonds will be
2 453 -Nationnl Mariuo Bmik, Baltimore, Md.
Prteicleut
posals to sell
'
$:i77.070; imkl-lii capital, $377,070.
M.
Joliii
Llttig, Casfiicr.
B. A. VickciB,
Authorized to comuicuco busiutss
Authorized
MiKi'icl National Bank, La« Vcsas, Nev? Mexico.
capital, $oO.OOO: i.nid-iu capital, $50,000. Miguel A.Otero,
rrisidcnt; Jacob GioBS, Cashier. Authorized to comuicuco
bUBlucss Feb. 9, 18»0.
2.454.-Sau
OIVIDBNDM.
The followiii2 dividends have
Per
When
BookB Closed.
Cent.
Payable.
(Days inclusive.)
Railroads.
Chicago & Altou, prcl
com
do
Cleveland & Pltle., guar, (quar.)
North Peuiirtjlvauia
13i
March
March
March
IJfl
Feb.
3>fl
3
21 to March 1
1 Feb. 21 to March 1
1 1 to March 1
Feb.
1
25 Feb. 11 to Feb. 19
1 Feb.
Insurance,
Bterltng Fire
Sifl
lon dcni
FRIDAY, FEB. 13, 1880—5 P. M.
The nioner 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 purchase by the United States Treasury of $11,000,000 bonds for
the sinking funds at comparatively full prices, which should be
fol'iowed by the natural result of creating an easy money market from the disbursement of so large an amount of money.
Bat 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 operations of the Treasury, so far as it may be practicable to do so.
The Ways and Means Committee of the House of Representatives 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 sum of $200,000,000 of
the fives and sixes of 1880-81. For such part of the $200,000,000
ftves and sixes so reserved as are not 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
the Committee has the effect of strengthening government
bonds and other high-class investment 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@5>^ 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 liabilities, against 48M per cent last week; the discount rate remains at 3 per cent. The Bank of France gained 12,200,000
statement of the
Differ'uccs fr'm
previous week.
1879.
Feb. 8.
1878.
Feb. D.
Loans and dis. $200,381,600 rnc .$7,187,100 $242,280,200 $243,050,300
Specie
Circulation ..
Net depositd
52.9!U.fi00 Inc. 2,1181.800
.
Legal tenders.
Legal reserve.
Beserve held.
Surplus
69,1880
68,1880
68,1881
68,1881
5s, 1881
58, 1881
4>2S, 1891
4I2S. 1891
48,1907
48, 1907
68,
68,
68,
6s,
68,
cur'cy,
cur'cy,
cur'cy,
cur'cy,
cur'cy,
&
&
&
&
reg.
coup.
reg.
coup.
J.
J.
J.
J.
-Feb.
reg.
-Feb
coup.
reg. Q.-Mar.
coup. Q.-Mar.
reg. Q.-Jan.
coup. Q.-Jan.
1895. .reg. X
1896.. reg. J.
1897.. reg. J.
1898. .reg. J.
1899. .reg. J.
<k
&
&
&
&
J.
J.
J.
J.
J.
21.11S3.200 Inc.
153.300
261.104,200 Inc 4.728.300
16,437,900 Dee. 2.148,100
$66,101,0.')0 Inc. $1,182,075
69,432,,WO [lie
533,700
.
.
3,331.4.50 Dee.
$048.37
17,849.300
19,427,100
219.387.300
51,135,400
$54,846,825
68,984,700
32,140.900
19.087,100
211.713.000
34.877,000
$14.137,875
$14,095,650
United States Bond.._The great features
$.'>2,928,2,50
07,023,900
week have
been the purchase of $11,000,OOJ of bonds for the government
sinking fund and the announcement from Washington
of the
probable issue of 3^ per cents for further funding operations.
These influences have made a very strong and active market
for governments, with a decided advance in prices.
of the
Feb.
Feb.
Feb.
Feb.
Feb.
9.
10.
11.
12.
13.
103 12 '103»-i*103'-s 103^ noa^i 10359
IO3I2 103>2 *103i2 no3S8ino3=8 103 Si
lOSH) 'lOS's' 1051*
IO518' 105ie *105i8
I0318 10318' 103
IO3I8 103
103
107
107% 1073?
108 le 108 >i? 108^^
I
105 I4I 106
IO5I2 100
122
122
122
122
122
122
122
122
*122
•122
106
106
10514
10514
*103ie
10318
'10738
10858
l06ie
106
•10518
•lOS's
10314
10314
1071s
108's
IO6I4
1061-2
'122
•12312 •123
'123
123=8 •'123
'12312 n23% •123
•I23I2 *123''8 "123
•123
•124'2 *124
10538
IO514
10338
103%
10778
108''8
loeig
10654
•124
124
124
124 14
124^
no sate was made at the Board.
1, 1880, and the amount of each
class of bonds outstanding Feb. 1, 1880, were as follows:
*
This
is
the price bid
The range
:
in prices since Jan.
Range
since Jan. 1, 1880.
68, 1880.... cp. 1023) Jan. 13 102^ Jan.
7 IO514 Feb.
08, 1881.... cp. IO416 Jan.
Jan.
Feb. 2 104
5e, 1881. ...cp. 103
2 lOS'sFcb.
412S, 1891.. cp. 10638 Jan.
Feb.
2
106%
Jan.
48, 1907.... cp. 103
68.cur'ncy.reg.
Amount
Feb. 1, 1380.
Coupon.
Registered.
Highest.
Lowest.
13
5
29
12
13
$3,570,000
66,877,100
217,071,600
81,609,000
231,088,750
$14,845,000
184,239,150
288,823,750
1(18,391,000
507,687.400
64,623,512
Closing prices of securities in London for three weeks past
the range since January 1, 1880, were as follows:
S. 5s of 1881
0.8.4138 of 1891
U.S. 4s of 1907
U.
Jan.
Feb.
Feb.
30.
6.
13.
Ranae
an4
since Jan. 1, 1880.
Highest.
Lowest.
105% 105Te 100 10558 Jau. 15 lOfi'^s Jan. 12
llli« XIOI4 lOO'Js Jan. 2 Ill's Feb. 10
111
107''8 10838 1093» IOOI4 Jan. 2 10912 Feb. 12
—
state and Railroad Bonds. The good Southern State bonds
are in demand at home, and the better issues— those of Georgia
for instance have advanced to prices which make them pay
The Louisiana
less than 5 per cent on the purchase price.
bonds are returning from foreign markets to which they went
at prices about 40.
Eailroad 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 conspicuous 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 & Evansviile .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 Y'oik Ontario & We.stern common and preferred
stock; International & Great Northern stock and first mortgaE:e
6 per cent gold bonds, and .second mortgage iicomj bonds;
Montauk Gas Company stock. $2,500,000.
A. H. Muller & Son sold the following at auction
—
:
BmuJs
$9,000 City and Couuty of
113 Missouri Pacilic ER. (old
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 oreceding years.
18S0.
Feb. 7.
Interest' Feb.
Periods.!
Shares.
francs in the week.
last
;
recently been announced:
Name of Company.
The
received at the office of the Assistant Treasurer, at New York,
at noon of Wednesday of each week hereafter until further
notice. The bonds to be purchased are those issued under the
act of February 8, 1865, sixes of 1880 acts of March 2, 1861,
July 17, 1861, and March 3, 1863, sixes of 1^81 ; act of July 14,
1870, five per cents of 1881.
Closing prices at the N. Y. Board have been as follows:
stock
8
104
16 Bank of America
II314
10 Park Fire lus. Co
7 The Star Newspaper Co
for
$145
San Francisco 7 per cent
gold bonds, due 1894. 106
$3,000 State of Texas (froutier defense) 7 per cent
gold Douds, due I9IO..II2I3
Railroad and iniscellaneoua Stocii*.— The stock market
has shown a fair degree of activity, but without much buoyancy
Erie has been, upon the whole, one of the strongest
in prices.
among the leading speculative stocks, and Mr. V^anderbilt is
asain credited with being a purchaser of the stock and second
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 traflic, but is considered favorable for the Erie interests. The plan for the
exchange of Toledo Peoria & Warsaw income bonds and stock,
carried out, will involve the issue of 29,000 shares of preferred and 20,000 of common stock of the Wabash St. Louis &
It has also been reported that the difticulty
Pacific Company,
in regard to oil freights has been settled by a contract between
the Central of New Jersey and oth^r 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. To-day, the market wa^
somewhat irregular and prices were barely steady. Railroad
earnings reported in full for the month of January will be
if
found on another page.
I
Fkdruaut
THE CHRONICLE.
14, 1S80.1
daily hiffhest and lowest prices
The
Fob.
Feb.
ll.
—
have been as follows:
Monday. Tuesday, Wednesd. Thursrt'y.
Saturday.
Feb. 7.
Feb.
10.
Fob.
11.
Frldar,
Feb.
18.
li),
Am. Diet.
Tol.
Atl.Al'iic.Tul.
N.
W
I.
AP
4
22k
29« 21%
•23
107H:07H
144!
7»
78
144H
io4i2 :e«K
•49W1B0
pref. •04(4 10-
Chlc.St.P,4.M
Clev.C. C. 4 1,
Col.Chlc.4 I.e.
I>el.4H.(:unal
Bin
72
7:t;*
Dol.l.ack.4
84.x
H.VK
Uan.&St.
do
r,3!4
77
77
ilH 21«
W
HUH
.lo..
40.;,,
70
pref.
7(11*
Hous.ATci.r.
Ind.Cln.A
Ijit.
Kansas Pncitic
LAkeBric4VV.
Lake Shore
LouUv.4 NH«h
34
34
SSV
1« l«4Wl
loigl io.sS
120 181
I19)Jl20
-
Manhattan.
Mar.AC.lslpf.
do 2*1 prf.
Mlch.Ccnlrul.
501)
t^
BOH
00-Ji
T.
New
4;w 48\
72yi
Northern Pac.
do
pref.
Ohio 4 Miss..
Pacific Mail....
Panama
Phil. 4 ReadV
^
8t.l,.A.4T.lf.
do
pref
St.L.
60 J<
I.M.4S0.
lOiH
•02.14
87M
BlJi
Wl
xnya
do
do
pref.
Ist prf.
et.P.&Sloux C.
do
pref.
8»^4
59
5SH
2»W
3»H
30)(,
40>4
ei"
C5j(
04>i
24
24
23«
63i
231
eoii
60
58«
43
65
7iH
«7B
M"J
2:h4
2:i><
47U
Wl'-J
1)2
3!
.'Kli-i
W
:32
475I
4HH
S3Ji
se
33%
S7H
3BH
40'i^
•.... 185
38!.
77^4
-IM
en'4
24
5»i
5fl!i
di?<
44
45-5
4(1
87
77
BH
am
3
3J4
02*1
Ba>2i »2'4
45Kii 44.K
69%'
103^ 104
iSH
(15
781^
76« 77
3U
3B^ 3«JiS 40M
77« 78K 77« 78«
75!
•iH
01!^
4:j«
12>4
m
131
47>J 48]
71i< 7*
.S2» 33^
fiB
77«
Sutro Tunnel.
Union Pacittc
Wab.St. !,.& P.
pref.
do
West. Un.Tel.
30
132
saw
,',0
12
4(1
4BJ(,
47<„
&4
75
38
??mi
BOV.
23>^
26Ji
ISm
48!l<
V'/i
40^1
42^ 43
St.I..4S.Kran.
"
:(i3!^ 10314
mi
72-7
134
40^^
18
24
Cent. Coal
N.Y.C.4 H. H
N.y.L.K.4\V
pref.
do
128
4uk
48M 4»
a
12H 12<4
»>i
89«
2i« 2:)«. 23i<
44
4KM 4BM
10.1
Kh.sox.
Na»h.Ch..VSti
»44v
104^ t04U
103Q104I
128M131
I
MoMlo&Ohio.
Mo. Kans. &
Uor. 4
loi"
icioi'
1104>4
IIIInolBCcnt...
.
OBk
S<i
B21<
•iJi
02
45
45>6
4.->5s
70
OHKi
104)^ 104^i
104
70
11)5
These are the prices bid aud a.sked: no sale was made at the Board
Total sales of leading stoclis for the week ending Thursday,
and the range in prices for the year 1S79 and from Jan. 1, 18'30,
to date, were aa follows:
Range since Jan.
Sales of
1,
Range vear
1880.
l87i).
Week.
Canada Soutlicm
Central of N.J
&
23,050
42,094
Alton ....'.
765
Chic. Burl. & Qiiincv
Chic. Mil. A St. P.
do pref.
do
681
34,740
Chicago
. .
Chicago & Northw
do
do pref.
.
Rook
.
1.075
22,983
1,870
Pac.
200
C«l. Chic. A' (ml. Cent
Del. <fe Hiulsoii Canal
27,910
Chic.
I.^sl.*
10,,'!0(1
101.150
Hannibal &.
14,825
ilo
do pref.
7,700
Illinois Central
2,302
Del. Lack.
Wc.steni
St. Jo...
A:
Knnsa.'i Pacille
Lalto Erie & Western
LaltC Slioro
Louisville &Xa»hv..
Manhattan
Central
Missouri Kan. & Tex.
Morris & E.s.sex
Na.>iliv. Chatt. A-St.L.
N. Y. Ccnt.&Hiid.R.
N. Y. Lake E.,Si West,
Micliijcrau
do
pref.
Northern Paciflc.
do
pref.
.
.
Ohioifc Mississippi...
Pacific M.iil
Panama
&
Phila.
et. L.
St. L.
I.
&
KeadinR....
Mt. & Suiith.
8.
Francisco.
do
do
1st
Union Pacific
Wab.
St. L.
i)ref.
pref.
& Pacific
do
P'^fWe(<tcm Union Tel.
*
Range from
805
46,350
43,365
5,165
12,303
15,038
124,580
1,270
02,145
9,172
202,608
11,990
5,010
8,170
20,920
44,270
16,100
81,781
1,450
3,000
1,410
6,053
30,365
65,700
11,170
Sept. 25.
t
Low. nigh.
Highest.
Lowest,
Shiires.
74i3Jan,
65 la Feb.
8378 Jan
7012 Jan.
10978 Jan
90 "a Jan.
152 Jan
136 Jan.
8OI3 Jan
7514 Jan.
103 13 Jan
100»8 Jan.
88 13 Feb.
9213 Jan,
104 Feb,
107% Jan,
153i« Jau,
149
Jan,
2013 Jan,
25>8 Jan,
7018 Feb. 12 7314 Jau,
88 Jau.
63 Jan.
3334 Jan.
42 Jan.
721-2 Jan.
04 Jan.
99I2 Jan.
103 13 Jan.
108 Jan.
87 Jan,
2OI2 Jan,
35 12 Feb.
105i8Feb.
9818 J.an,
8018 Jan,
134 Feb.
36 ,laii.
48 Feb,
88 14 Feb,
93 Feb.
49 14 Jau.
32 Jan.
105 Jau.
101% Jan.
70 Jan.
95% Jan.
135 Jau.
29 Jan.
48''8 Feb,
4 1^8 Jan.
07'''8 Jan,
7378 Feb.
31i4Feb,
36 Jan.
60 Jau.
33 Feb,
2878 Jiin,
32=8 Jau.
4334 Jan.
SOifl Jan,
108 Jan.
184 J.an.
04 Fob.
723s Jan
49I8 Jan.
01%Fel .
48 Feb
40 Jan.
4914 Jan.
5934 Feb
63 lu Jan.
79 Jan
8413 Jan.
9738 Jan
4* Jan
421a Jan.
63 Jau.
721% Jan
99% Jan.
103 Jau
Range from July
14
45 14
14
3312
10
73
781a
89 '8
100 14
26 11118 13412
29 343,* 8218
30 7434 102-4
12 495» 94 la
8 76 '8 108
10 119
1501a
26
28
5
10
10
29
30
21
9
10
8
o
2
M
94
I314
4II2
7018
34
79 14 100%
538
3334
75 18 104 la
3313
112
83
139
21% 49
371a
no
13 t44i4
27
7%
78I9
401a
Quotations for foreign exchange are as follows
FEmtUARV
O
3%
f
ran cs
Hamlmig
781,5
93
418
latest railroad earnings
and the
from Jan.
— /-Jan. to
—Latest earnings reported.1878.
Week or Mo, 1879.
1879.
.
1
.
18/5.
December.
$33,478
$38,353
$
B
Atl.& Char. .\ir-L.l)cc(;ml)cr.
Atl. & Gt. West.
Dicember.
Carolina Central. December.
Ches. ife Ohio..
-..D('cei]iber.
-..
<>«i,815
(i(!.423
28,8, .i43
777,298
620,278
Ala, Gt. Southern.
.
Chic.
L'.url. A:
Dakota
.
40O.S33
49,080
179.1111
Q. .November. 1,327,679
Hii))tluni.l
mber.
Fraiik.A:K"ki.i)]o Dcecmber.
s. Ai).N()veii)l)er.
9.918
3,406
133,710
Houst,vtTcx,C... December.
382,230
tiabllar.A:
37,779
137,769
19.000
3,747
40,890
140,400
380,477 3,205,635
38,397
2,920,997
94''9
94 's
a4.85%
40i3»
9514a
95 14®
9514®
95149
40-^
go's
95>3
OS's
95I3
par.®i4preiu.
— 99% a —par.
— 9934 a —par.
— 92 a — 95
Mexican dollars.. — 89 ® — 90
4 70 ® 4 80
Engli.^h silver
Prus. siLv. th.ilers. — 66 ft - 69
— 99 ® — 09>«
Trade dollars
New silver dollars — 99%® par.
Dimes &
Silver 14s
I3
dimes.
and
Five f raucs
las.
—
are the totals of the Boston
banks for a series of weeks past:
l;M.4S)l.iiio
L, Tenders. Deposits.' CircnlatloD. Agg.Clear.
*
»
44.612..')56
26,981,400
4.373.200
42,915.000
47,.3fi5,8H«
27,117,800
43.310,700
4.182.000
44.1132,8-20
27,197,500
4.130.900
43,853,300
48,!i92.1'.8
43.6(14,300
27,376,900
4.031.000
27,545,1'K)
45.51 O.a'W
44,524,800
4.379.300
57.1.39,771
27.830.200
45,828,300
4.838,000
3,202.000
27.973.600
^3,617,716
47,210,000
4,931.500
3,251.100
64 ,'281 ,244
28,146,300
4.5.82.9(XI
48,003.400
3.251.200
2S,372.7(K>
06.499.862
•18.907,100
3.24n.;ilX)
4.528.800
28.567.;t00
(1.3.241 ,37:1
4.4S(.I.5(K)
3.2'.5.0(HI
49.132.100
69.300.177
29.041.000
4.:170,2(K)
51.108.100
3.215.100
132.427.100
3.300,800
Loans.
1879.
Oct.
•
"
Nov.
"
"
Dec.
••
"
"
129.447.200
8.,
127.747.1(00
127,79:1.200
120.748.1)00
12(1,22.">.1<H)
120,903.100
20.
27.
8.
10.
17.
84.
1'>8.01,-).OI)0
liio.iol.;)oo
i:i2,o.T(l.loo
Specie.
3,i531,200
3,;f04,200
3.347.(i0O
3.2«7,1IK1
3.271.4IK)
131.0;12,2(H)
3.347.2(X)
1.
131.484.(KI0
3..'>72.800
8.
15.
22.
131.8»«,0O0
130.931.700
13O.«56,10O
132.221,900
8.«82.R(K1
29.
1880.
5.
12.
IB.
"
" ««.
Feb. 2.
9.
*
13rt.0a7.3IK.I
(1..
13..
"
••
*
1..
2^.
29.
Jan.
1,908.235
„_.
1 ,930,537
1,290,081 13,341,547 13,012,978
5.193f.a 5.171s
4013
94'8
94'8
4.8514
are quotations In gold for various coins:
Boaton Uaiika.— The following
••
latest date.^
5.21"ea5.20
9458 3>
.
1 to latest
dates are given below. Tlie statement includes the gross earnings of all railroads from which returns can be obtained.
The
columns under the heading " Jan. 1 to latest date" furnish the
gross eaniings from Jan. 1 to, and including, the period mentioned in the second column.
4.84iaa4.83
4.81 ®4.S4i2
5.20 «S.18i8
5.20 ®5.1S%
4.82%®4.83i4
94=8»
94583
9458®
The following
Sept.
•
30.
totals
4.82 ®4.82ia
4.8'.ia®4.82
5.22iaa5.2038
5.23i6a5.21i4
39''8a)
Sovereigns
Napoleons
9%
57 13
4.833,«4.80>s
(cuilders)
-,.--
Demand.
4.831434.34
(leichmarks)'
Frankfort (reichmarks)
Bremen (reichmarks)
Berlin (reichmarks)
15.,
The
{francs)
Amsterdam
Fine gold bars.
601a
88 -V
(
Antwerp
Swiss (francs)
53
'
"13
Prime bankers' sterling bills on London.
Good bankers' and prime commercial...
Good commercial
Documentary commercial
Pari s
:
00 days.
13.
5(1
65
3338
—
:
$4 83 ®$4 80
3 84 ® 3 87
X X Reichmarks. 4 75 ® 4 80
X Guilders
3 92 ® 4 00
Span'h Doubloons. 15 70 ®U> 00
®15 65
Me.K. Doubloons.. 15
Flue silver bars
1 13'8a 1 1414
17 1038 391.J
31 123
182
13
Exciiange—Foreign exchange is firmer, and with the moderate supply of commercial bills the leading bankers advance
On actual business to-day
their posted rates.to 4 84 and 4 86^.
the rates were about 4 83^ for Bl'-days bankers' sterling, and
4 86 for demand. Cable transfers 4 86^.
The following were the rates of domestic exchange on New
York at the undermentioned cities to-day Savannah buying,
l-16,selling 3-l(3@M premium ; Charleston, very scarce, 15 bid;
St. Louis, 50 discount; Chicago weak, 25 discount; and Boston
10c. discount.
S9i8
38
43
918 921*2
19
28lo
9 *16
2 07
108
13 33
891a
72 14
3 35
2 7334 98
27
.. .D(ii-mr)er.3,4.'»3,92.') 2.605,296 34,020,270 3:, 030,734
Dii-cmber. 304,050 225,308 3,001,808 2,021,061
<& Ei!e
Phlla.* Rending. Diceniber. 1,442,587 8l 1,050 15.351,184 12,813.770
Di.einber. 340.990
St.
L.
Pitts. On. &
289,571 3,600.425 3,176,370
December.
Boloto Valley
30,870
20,132
317,822
280,348
1880,
1870.
1880.
M79.
Nob.
n'k
Jan.
Atchison &
.2d
$15,005
$8,06.5
$27,901
13, 506
Atch.Top. & 8.F..4tli wk Jau 142,500
03,250
f 14,732
473,500
4 1 ,(M)7
Bur. C. Rap. &N.. Ist wk Feb
23,903
225,413
141,20:>
7,192
5,095
Cairo & St. I,(»iis.4tli wk Jan
22,821
17,203
Central raeillc...Jauiiarv. .1,223,000 l.OSO.KiC 1,223,000 1,089,166
Chlcagoit Alum. 1st wk Feb 129,239
75.992
031, .".24
419.729
9,010
Chlo.Cl. Uub..t M.lst wk Jau
7,1H2
9,(110
7,082
19,307
10.043
Chic. & East. IlL.lst wk Feb
91,773
84,215
rhic Mil. &St. P.lstwkFeb 181.000
133,090
941,000
724,271
Chic.aiNorthw. ..January. ..1,135,000 1,008,321 l,133,l,(M) 1,008,321
27,0,55
Chic. St. P. i!k Mln.4th wk Jan
27,445
83,537
73,870
12,240
Chic. & W.Mich.. 3(1 wk Jan.
0,307
36,603
25,023
12.001
Clcv. Mt.V.& Del.4th wk Jiin
0,640
33,868
28.427
Den v.8.P'k& Pac. January... 114,300
144,300
17.990
Det.Lau9.&No...3d wk Jan.
13.543
50.792
37,208
10,098
13,771
Dubuque* S.City. Ist wk F(!b
85,809
75,708
25..5O0
18,600
135,492
FllntA PeroMar.lstwk Feb
00.011
OrandTrnnk.Wk.eud.Jan.Sl 200,(rJ7 18(i,5o7
730,006
089.321
79,439
Or'tWcsteiu. Wk.cnd. Jan.30
89,023
351,245
306,008
41,939
34,239
Hannibal i St. Jo. 1st wk Feb
211,339
17a,306
417,236 475,--91
Illinois Cen.(Ill.).. January...
417.236
475,891
(Iowa),.Jaunaiy... 119,421
104,301
do
119,421
104,301
S2,9;i4
80.498
80,498
Indiana Bl.&W.. January...
82.034
37,339
30,800
189,439
199.1.57
Int. &Gt. North. 1st wkK-b
24.125
12,041
59,943
34,920
K,C. Ft.8.&Gulf.3dwk Jan.
8,503
5,330
Kaus.C.Law.&8o.3rt wk Jan.
23,257
14.106
22,(i-)3
25,003
70,238
64,332
K, C, 8t, J. &C.B.3d wk Jan.
49,85i!
23,()18
49,836
Little Rk. & 1'. S. January...
25,018
158,964
047,671
Loidsv. & Nashv..4th wk Jau 214,000
450.470
8,437
6,974
28,549
Mlnn.<k St. Ix)Uls.3d wk Jan.
17,301
79.290
Mo. Kau8..tTex..lRtwkFeb
48,333
440,017
242,768
48.408
42.199
294.909
Mobile A01iio....l.stwk Feb
230.C85
N.Y.Ceut.A Hud.Jaunary... 2,393,613 2,024,812 2,.593.613 2,(^24.812
81.843
81,843
37.014
37,014
Northern PacitlcJiinnary...
30.201
18,009
18,009
30,201
Ogd. &L. Chauip.Jannai-y...
Prt(I,ikElijabethi;.3d wk Jan.
8,035
6,568
24,652
10,112
Pad,&Mcmphi3..3d wk Jau.
4,115
3,731
12,044
9,727
IstwkFeb
24,067
14.980
121,180
74,737
St.L,A,&T,H
(br6).4th wk Jan
15,690
13,314
51.270
48,445
do
93,303
427,332
084,215
St.L. Iron Mt. & 8. IstwkFeb 131,600
40,284
19,013
241,980
98,412
St, L.<t San Fran. IstwkFeb
180,230
St.P.Minu.&.M.an. January... 180,239
29,435
98,659
78,928
St,P.aul&8.Ctty.4thwk Jau
23,503
118,801
25.495
21.031
115,938
Tol,Peoria&War .IstwkFeb
299,000
222,000
Union Pacific.... 12 dj'S Jan 299,000 222,000
780,447
571,197
Wab. St.L. & Pae.4tli wk Jau 216.131 183,292
2,925
19.071
9.045
7,373
Wisconsin Valley.4th wk Jau
'^
22
1st prf.
2(1 prf.
Chic. & Allcin.
Cnilc Bur. \ o.
Caic.M.& Sl.P.
pref.
do
do
N2!j
82S4
do
do
Oilc. R.
.
Phlla,
Bl« S2^
Cent, of .N..I.
Cent. Pacltlf ..
Cbes. * Ohio..
Chic.
I>atcst oamloKS reported.
^-Jan, 1 t<> latest dutc.-^
Week or Mo. 1870.
1870.
1870.
1879.
Knitsas raclflc...4th wkDco^lSl.T.W
f70.376 $4,873,729 $3,780,200
Mobilcik Moritg..D<iembor.
82,.'>80
88,048
703,407
670,200
NuHhv.Cli..i;Ht. L.Diicuilier. 185,«.">3
149,,'J.52
1,800,877 1.631,682
N.Y.I^. Erie JtW..No\ ember. 1,515,83,'5 1.381,391 15.110,876 13,029,479
Pennsylvania
H7W
Citniida South.
165
133,837.800
134.901 .3(K)
137.132.000
130,103.000
4.329.000
4.205.400
4.125.400
3.011.400
3.822.8IX)
3.8I3.:inO
l:)0.81«,800
3.857,100
3,970,300
141,215,000
4.S74,8M
3,893.8IH1
3„'>4«,700
51 .724.400
29.311.10')
'29.5.34.300
71.78(V.">S(1
70.36,3..'>82
3.591.900
3.474.900
3.014.800
3.803.300
8,850.3CO
50.769.100
50.085.200
5O.SO2.0O0
60.137.300
40.812.700
49,048,100
4,093,400
5,418,MOO
5.302.900
150.379.(^00
81.161.800
«R.267,.3.19
IVI.SOO.SOO
51 .N-ii.aoo
31,2S0.:!IK(
71,70.").7.3'2
31,:».'to.i«V'
5,4.3.3.700
32.(V)1.(>()0
5,329.300
4.828.300
53.742.200
55.016,200
31 ,385.900
31 ,'240.20(1
71.212.072
0S.O>9.8S8
B0.2 <7.70«
70.8SI.409
29.863,300
80.289.000
56.t()7,.^^S
30.(107.1(X)
03,753,821
;«1.8«7.500
«2,l-29,120
31.090.300
S1,019,WO
31,081.500
Other than Government and banks, less Clearinu-Hoase checks
69.674.935
THE CHRONKJLE.
166
—
New York our Banks. The follovrlng statement shows the
candiiion of the Associ itt-d Banks of New York City for the week
«idiDe »t the coininencament of business on Feb. 7, 1880:
Average amount of
Buki.
Capital.
Loans and
Specie.
discounts.
Net dept's Circula-
Legal
other
Tenders. than U.
tion.
S,
pmij vum,p'<i V.
mt-intv.
XXX,
[Vol.
utn.-corttiimod.
Bid, Ask,
SBOITBITtBB,
Manchester & Lawrence..,.
Nashua A Lowell
Kew York & New England.,
Northern of New Hampshire
Norwich & Worcester
145
".13S, 115
335< 53
06
131 J,
SlJl
SBCTTRITIKS.
Bid.
As6
Plill.4 R. cona.m.«»,g.l.l911.
do conv. 78, 13Mdo
7b, coup, off, *93
PhI1.41!,Coal4lron deb, 78,»2
do
deb, 7s, cpB.oC
57
00
egdensb.ft L. Ctaainplain ...
do mort., 7s, 1893.3
79
pref..
Phlla. Wllin. 4 Bait. 6s. '84
do
112« Pltt8,Cln.4St. L. 7e, cou.. 190(.
Old Colony
106
Portland Ssco ft Portsmouth
do
do
73, reg., 19
noii
PuUiiia Palace Car
Shamokin V,4 Pott8v.7s, 1901
Pueblo A ArkxnsaB
Steubenv. & Ind. IBt, 68, 1881.
85
preferred
Butlai} d
Stony Creek Ist m. 78 1907...
118
Vermont ft MsBsachusettB
Sunb. Haz. 4 W..lat m.,53,'21
Sunbury4 Erie at m. 78, '97.
Worcester & N asbua
.
«
Vew
York
0.745.000
6.306,100
7,I»4,300
7,13H,000
4,608,600
8,3:8,800
8,366,000
2.000.000
Slaabattan Co.,. 2,060,000
Xfechanlca'
Union
Phoanlz
CItj
*rradcsmon'8
Chemical
Merch'nts' Kxcb,
Oallatln Natlon'l
Butchers'* l)roT.
Mechanics' & Tr.
Seventh Ward...
SUtecit N.York.
American Eich..
Commerce
Broadway
Mercantile
Republic
People's
North America..
Hanover
Metropolitan....
2.000.000
2,000.000
1,800,000
8,000,000
1,000,000
1,000,000
1,000,000
600,000
300,000
1,000,000
1,000,000
800,000
200.000
200,000
600,000
300,000
800,000
5,000,000
5,000,000
1,000,000
1,000,000
422,700
1,500,000
450,000
412,500
700,000
1,000,000
600,000
3,000.000
Citliens'
6,817300
8,108,700
1,(1 1 5,200
12.553,100
8,00M,H(K)
Shoe A IjOrttber..
Corn Exchange..
Continental
Oriental
..
Marine
Importers'
&
Tr..
Park
Mech. BkB. Ass'n
North HIver
East Rivor
Fourth NiUlonal.
Central Nat
Second Natlon'l.
Ninth National..
First National..
Third Nutloual..
N. Y. Nat. Kich..
Bowerv National
N.York County..
Total
260.90(1
331,000
216,700
336.300
74,000
263,000
61,100
120,000
240,000
164,700
178,400
58,600
230,000
232,100
104,500
laa.uxt
152,500
730,000
727.300
3)3.000
864,500
144,300
1,3*1,000
807,000
0113.300
16,400
2,0«5,000
607,300
108,400
400,700
2,082.000
021,000
U.203.t.(Kl
14.440,000
6,321,«00
3.H82,Bo0
2,UW.8()0
5,504,300
3,tMH,Ooo
1.320,400
4.005,'200
706,400
480, ?00
651,000
577,700
740,500
120,800
248,000
1,185,000
2,UO,5oc
7.200,«00
2,B08,6oo
11,715,000
1,077,200
8.443,000
2.095.000
235,500
128.900
431.100
136,800
780,000
267,300
027,800
22,000
501,000
4,700,000
3,205,800
106,500
26,000
118.0OC
2.906,000
878,000
•i,TI-<.Oiji]
."j40.00f)
2.620,200
1,075,400
3,B85,Ooo
3,704,500
5,138,800
1,573,800
3,200,000
'.0,012,300
15,823,000
867,500
860,100
1,018,300
17,2i)U.H00
3,200,000
2,000,000
300,000
750,000
600,000
1,000,000
300,000
250,000
5.0.>s,:,'ini
1 ,-2
7.410,000
1,207,100
1,353.000
1.260,700
2.220.300
2,954,000
200,000
750.000
300,000
PBILADELPHIA.
13.630,900
2,913 300
BTATB AND CITY BONDS.
Penna. 58, g'd, mt.,reg. or cp
.-.
do 58, cur„reg
do 58. new. reg, ,1394-1902
do
do
do
$8,10-15, reg„l-<77.'S!,
68, 15.'25, rcg., 1882-'92.
68, In. Plane, reg.,lS;9
Philadelphia, 58 reg
1.177,300
975,000
2.413,300
803,300
Allegheny City
6,400
1,238,800
2,034,300
6,048,900
2,478.500
11,271,000
2,011,500
2,084,000
45,000
21)0 700
3,900
443,3U0
450,000
430,000
4.000
758,600
2,0iP7,800
1,533,400
4,012,000
2,121,700
6,104,000
1,421,200
3.370.000
20,612,500
17,715.300
656,900
755,500
803,200
16.020,400
7,171,000
2.840,000
5.248.200
13,622,000
7,745,700
354,300
1,097,300
597,900
450,000
800,000
267,200
235,000
180,000
.
are the totals for a series of
Loans,
Specie.
153300
*.*»,«""
Inc.
weeks
"
*
48.282,100 12,723,500 242,087,100 23,74*8,600 604,197,943
51,473,500 14,007,800 246,905,600 23 812,000 057,693,260
58,538,600 13,014,200 253,731,000 21,635 900 787,728,198
280,00«,1HI« 51,832,200 17,143,500 257,483,700 21662 900
748,135,031
Jan. 31... 283,194,300 60,812,800 18,586,000 259,873,900 21629 900 7;2,125,031
Feb, 7„, 200,381,600 52,004,800 16,437,000 264,404,300 21,683,200 "30,978,130
Note,— With December 27 the Grocer.s' Bunk disappeared from the list.
Jan, 3,...
Jan. 10.,.
Jan. 17...
Jan. 21...
276,706,200
276,116,100
278,090,000
PbUadelptaia Bank..— The
Loans.
Sept .
•'
••
'*
Oct.
**
•*
Not
••
•*
*
62.784.728
62,880,364
62.749,828
62.530.008
62.639,044
63,358,230
64,706,095
65,942.232
68,274,801
88,337,415
66,880,258
63,977,180
65,303,671
64,581,278
64,630,183
1...
15...
22...
S9...
6...
13...
20...
27..,
3...
10...
17...
24...
Dee
1..
8...
15...
**
22...
*'
20.
181 ».
Jan. 5...
12...
*'
10...
"
26.,
Feb 2...
**
64,.S86,503
.
Lawful Money. Deposits. Circulation. Agg. Clear.
16,339,218
16,569,557
16,814,554
17,377,488
17,500,784
17,687,932
17,335,369
16,340,119
51,560,795
51,580,453
40,609,121
62,817,043
53,234,187
54,442,616
54,709,365
54,812,a58
51,588,094
54,187,313
13,8:)9,404
13,185,160
14,831,839
14,616,427
14,491,491
14,038,053
15,040,003
14,977,374
64.724.388
64.775,781
14,7,'>4,033
64.331,710
64,898,43S
85,164,061
61,655,180
64,972,033
65,8;0,329
15,663,259
15,802,394
16,417.981
11.445,171
11.500,647
11,316,320
11,568.650
11.788.858
11,793,906
11,814,680
11,878,284
11,883,099
11.875,606
11,871,878
11.890,480
11,932,036
11,903,523
11.985,800
12,011,733
52,696,036
52 342,762
62,653.603
52,113,471
52,197,356
51,582,397
51,203,885
52,606,250
52,808,593
54,380,797
54,306,766
54,563.582
54,872,030
16,931,48.4
17,213,347
17.120,173
Bid. Ask,
BOSTON.
Atch.
4TcpokaHtm.7«
do
land granfis
do
2d78
do
land Inc. Ss.,
Boston & Maine 7s ....
i>08ton A Albany 7s.,,
do
6s.,,
Boston & Lowell 7s.
d)
t>
Boston & Providence 7«
114Ji
113«
l.W
lOJ
51,587,3110
12,021,381?
54,061,908
55.037,:M9
46,780,676
43,148,041
64,548,181
60,883,477
50,800,337
43,399,082
12,059,841
12,072,760
12,082,360
12,073,003
12,068,2;«
13,078,263
45,951,614
50,218,10;
30,608,283
50,935,548
42,963 541
48,033,060
dUOTATlONS IN BOSTON. PHILADELPniA AND
SSOUBITIBB.
38,264,123
38,061,700
43,733,337
44,108,759
53,353,037
54,608,17S
11,853,0,39
5:1,581,853
14,447,002
30,002,487
33,978,;i21
33,100,80.1
OTUEFcnm
SBOtJKITIKS,
Bid, Ask.
Old Colony, 78
(IM Colony, 8s
Omaha 4 s. Western, 88 .'.'"
Kueblo A Ark, Valley, Ja.,.. lion llOK
Kutland63,i8t mort.
99
oox
Vermont a Canada, new Ss"
.
Vermont <k Mass. KK„ 6a
.
.
.
STOCKS.
:2«w
Atchlf on & Toneka
At-hl 01 & Nebraska..
;Bo8ton & Albany
132>< 131
iBoston ALowel.'
Burl. & Mo,.landerant7a,..,
iBoBton & Maine. ...
114hl
""
do
Nebr,6slEx
Boston ft Providence,..
107H, 108
do
Kebr. 6s
102
102X |Burllng^ou & Mo. In Neb
Conn. A PassumpBic. 7f<. 189;,
(CheBlitre preferred. ..
Kastern, Mass., 4)<s, new, .,
?6%
Chic. Clinton DuD. 4 Mln""
112
. .
. .
Fltchbnrg liU,, 68
do
7»
_
Fort Scott & Gulf 78
Hartford * Erie 78
Kan. City Top. i W .,
_
,,.•'0.
K. City
do
Lawrence
Kaa.
Kan.
city, 8t, Jo,
Hr
Banduaky
Concord
Ctn,
it, Ist
7b, Inc..
.
15
....
A So. 4«,.. 85V 86
& C, B, ;b
105)» 109
& 'J, u. In
Kcw York & New Eng. Is
OKdcnsour,' & Lakn Ch.Ss.
•
107
St, Jo,
.
4
Clev
143
763<
141
..
?"
„
commjn.
K. C, Law.* Southern. ...
K, U >t. Jo, « Council 1 luffj
o-
.
pref..
&
Lancaster.
Top...
do
S9H
40
82^i
125
83
53
80
do
do
do
do
51'A
12
16
51« 33
oliH
53>ii
51?*
& Erie
& Head ng
Dt.Paul& DuiuthR.li.Com
do pref.
do
United N.J. Companies
WeBt Chester consol. pref ..
WestJeraey
mi
20ii
0
166M,
40
38J<
mi
do
do
Jo
C»m.&
mort.
Atl.lst m.
.
83Ki
89
40
B., 78, cp.,'96
BAILBUAD BONDS.
Bait. 4 Ohlo6B, 1880, J.4J,,..
6a, 1S85,A,40.
do
N. W. Va, Sd m„guar,,'S5,J&J
Pltt8b,4 Oonnell8v.',8,'9a,Jt.l
Northern Central 68, '85, J&J
scrip
RK.78,189d.... 121
PennBylv., Ist m., 68, cp., '80,, 102
gen. m, 68,cp,,19i0. 115
do
gen. m. 68, rg., 1910. 117Hi
do
cons. m. 6', rg., 1905.
do
cons. ni. 6s. cp., 1905. ll2^
do
Fhlla.
4
do
Phlla.
6s, rg,'81
ib4H
m,6s,coup,,'9i
Erie 1st m.6s, cp.,'Sl
2d «l,79,cp„'3S.
4 Read. 1st m, 6s, '43-'44
do
'ia-At.
do
2dm.,78, cp., 9j
do
doben., cp./93"
do
do
cps. on
do
scrip, 18S;>
do
In. m.78, cp,l896 80!<
do
do cons. m. Is, cp.,l9ll.. 115
do cons. m. 7a, rg.,191i.. 116
63
80H
•
73
$
In defamlt. J Per share.
Cou. to Jan.. '77. fuo^«^'l.
:O0H 102
lOS
IIU
103
109
113), 115
10. )i
108
do
68, 1900, A.AO. !0i<«i;ox
do 68, gld,l900, J.4J. 100x:l07
Cen.OhIo6s, l8tm.,'90,M.4S. 1004^ llOX
10
Md.68,l8tm.,gr.,'90,J.4J,
4 cm. 7a,
'92,
F.
4A
6a,
1)8
i.10
113
99
110
118
109), 110
..,
long
do
7s
do
V309
South, RK,
t 105
108
107
108
t
117^
t
4
Indiana let m. 76
+ ilo5
106X
do
2d m.73, 'i7. +100
Colum. 4 Xenia, ist m. 78, '90. + 106
101
Dayton & Mich. Ist m. 78, '31+
>i
2(lin,78,'.^t.+ 103
do
do
3d ni. 78, '8S+ 101
Cln.
111
117
—
lisx
101
I^OUISVIIiliE.
.ouIsvlUe 78
do
68,'83to'S7
68,'97to'9«
do
+ 103
lOSii
lOSii
iOSii
+ 103
+ 103
6a, '87 to '89.1 103
water
water stock
wharf 68
do
do
do
do
83
do
Fa.4N.T.C.4
ist
50
.
2dm.7B,cp.,'»6.
do
do gen. m. 78, cp., 1903.
do gen. m. 7a, reg., 190"*
Creek ist m. 78, coup.,'8i, 100
4
:54
llo>t 117
Istpr.f
lobH 107
2d p«f,
Wash. Branch. 100 l.iO
b
8
Parkcrsb'gBr..50
We8t.l8tm.,'«i...t ...
IBt m., 1905+ •..
latm.fe, :1)0.! tlOO
Ind, cln, 4 Laf. :8t in.7s
do (I.4(J.) Ist m.7a,'SJ+ 105
Little Miami 68, '83
t lOi
117
71
70
Dayton stock,
118K Uln. Ham, &
13*3>4 125
135)6 Columbus 4 Xenia stock
61
Dayton 4 Michigan stuck,... 50
8. p.c. Bt'k.guar 115
do
119
Little .Miami stock
d, ;6.,'S0
Little Schuylkill, Ist m. 78 ,'.-2
North. Perni. 1st in. 6s, cp.,'85.
plttsb. TIIUBV.
119
100 153
do
do
g
Ithaca4 Athens
Junction Ist mort, 6% '83
2d mort, es.WlO ,,,
do
1898
lsi,63,cp„
Lehigh Valley,
doreg,,189J...
do
do 21 m. 7s,rei;., 1910,,
do con. m,,6s,rg.,19.i3
do
6s,< p.,19.;3
do
OH
Ohio,..,
Dayton4
2d m. 79, gold, '95,
3d m. cons. 78, '95*.
Ist
116
Par,
1
ne>A
East IVnn,
EI.4 W'uisport, Ibt m.,78,'S0.
58,perp
do
Harrlsburg let mor*. Ss, '8?...
U. 4 B. T. iBt m. 7s, g3ld, '90.
do
do
llOHilU
new
88
119
120
do
7-308,
do 69, gold t 10<3 107
do
Hamilton Co., O., 68. long.. .+ 105
Qo
78, 1 to 5 yrs,,t 103
7 4 7-308, loug.t 107
do
CIn.4 Cov. Bridge st'k, prel". 130
Cln. Ham, 4 D. IBt m. 7s, 'SO +, oOM
do
3d m, 7s, '85 t '102
100
101
Cln, Ham. 4 Ind., 7a, guar
12>4
Chartlers Val., Ist m.73,C„I90;
Delaware mort,, 6s, various..
Del. 4 Bouuf Br.,l8t,78,190u
79, '88
4
110
CINCINNATI.
68, '89
7s. g.. 1-93
mort.
130
120
Cincinnati
,
I8t
120
116
Q —J
4J
33
8
'89
7s 1900
1900-1904
6a,exempt,'j^,M,4S 115
68, 1900.
6a, I90i, J,
^f, 1.1.6,
2d, M.4N
do
82i<
S3X
50 < 30X
117)«
89,Sd,J.4J
do
Union RR, Ist, guar,, J, 4 J,, 108
Cauion endorsed.
do
Burlington C ), 68 '91,
CatawIsBa 1st, 78, conv,, '»2,
chat. m. ,10s, '88 ..
do
new
do
Conneotlne Us,
do
38
47
Mar.
4
Cam.
lUW
5(t
6s,coup,'83 103
coup,,
108
108
J.&J
68, I89J, quarterly...
68, park,1890,lj,— -M. l;4
114
68, 1393,M.& S
Northern Central
Western Maryland
15H
ist m,.68,I602, 110
63. '8>., 106
6a. 'i7., 100
fJ8,
112
110
105
100
110
115
116
lis
do 1st m„ 1890, J. 4 J... lO-i
110
do 2dm.,guar,, J.& J
9?
do 2dm., pref
do 2d m„gr, by W.C0.J4J 103
do 68.3d in., guar., J, 4 J, 111
2d m.
8d m.
Camden AAmboy
109
11!
107
100
—
Allegheny Vai. ,73-108,1896...
78,E,ext.,I910
Jo
43
luc, 7a, end.. '&I
do
rto
lOS
Central Ohio
50
Pittsburg 4 Connell8vllle..50
Susquehanna
BelYldere Dela,
68,;8S6,
do
do
do
do
VV.
RAILROAD BONDS,
MX
.
,
CANAL STOCKS.
Morris
do pref
Peansylvania
Schuylkill Navigation
pref.,,
do
102«
02
do
do
do
Bait.
52
52
.
Delaware Division
Lehigh Navigation
106
104^ 105
:9.8 .*
BAILROAD STOCKS.
17.'^
32>t
163
Philadelphia ft Trenton
Phlla.Wllmlng. 4 Baltimore.
2(%
Pittsburg Tltusv. & Bun
Chesapeake* Delaware
—
4
Norfolk water,
1034s 103
Pennsylvania
Pnlladelplila
lOOK
68, defcnac, J.
J.,
do
68, exempt, 1887
do
6p, !8S0, quarterly,,
do
5s, quarterly
Baltimore 6s, iSSl, quart
53
Perklomen
l7«
88«
Jilnehin
Navy Yard
do
Penn, Co ,63, reg
142
33
pref.
Little Schuylkill
130
141
61
33
51
Neaqueboulng Valley
Norrlatowu
North Pennsylvania
'
I
do
IIOS
"'"
Connecticut River. ...".'i.'.'.'ii
Conn, & Paasumpslc .
'.""
Eastern (Mass,).
EaBtern (New Hampshire) '""
Fltchburg
Fort Scott* Gu!f, preferred
142«
49
49
& Broad
Lehigh Valley
totals of the Philadelphia banks
are as follows
1879.
16
Huntingdon
do
107
BALTIjnORE.
Maryland
pref
pref
do
new pref
do
Delaware a Bound Brook,...
past:
L. Tenders. Deposits. Circulation, Agg,Clear
SaSQuehauua 6a, coup.,
25
Atlantic
Phllatfelplila
270,000
.
The following
.
do
Catawlssa
Dela. Iat 69, rg.,*8C
Morris, boat loan, reg,, (88.5.
80
Pennsylvania 68, co'.\p., :910.
Schuylk. Nav.lBt m.6a.rg.,'97. 102X
2d m. 63, reg., 190; SO
do
do 68, boal4car,rg.,19;3
do 7s, boat&car.ig.,19..^
7b, reg, & coup.
do
Delawyre 6b, coupon
Harrlsburg City ha, coupon
RAILROAD STOCKS,
Har. P. Mt. Joy
•26a,000
'.08
exempt, rg.* coup.
do
4
Delaware Division 6b, cp,,'78.
Lehlgb Navlga. m., t>a, refr.,'81
do mort. ItR., rg ,'!)"
<lo m. couv. g,, r«-g,,*!*4
do mort, gold, *97
do cona, m,78, rg.,l9U
Camden County 68, coup
Camden City 6a, coupon
Camden &
90«
I8t
CANAL BONDS.
Chesap.
95
.
224,400
810,000
deviations from returns of previous week are as followB
Loans and discounts
Inc. »7,187,100 Net deposits
Inc t4,728,3m)
1879.
N.
East PennBvlvanla
Elmlra* Wllliamsport
The
I
ltr.lmp..ree.,'a3-86,
Jersey 6s. reg. and coup .
03
1915
m. 78. '90.
eons. m. 6b, '91.
iat
101
m.78,'9Q
West Chester cons. 7a, '91. .,. 119>4
West Jersey 6s, deb,, coup,, '8S
1st m, 68, cp,, '96. lib
do
115
do
lBtni.7a,'99
Western Penn. UK, 6s,cp,:8!t9 105
do
6s P, Ii„'96. 103
68,gold,reg
tlo 7s,
lnc.41.gr ,78
Gnltcd N. J.
loiH loiy Warren 4 F.
7B,w't'rln,rg,&Cf> lien
533,300
334,800
1,183,000
1,073,000
1,326,000
1,081,000
3,034,300
|
do
Unlon4 Tlluav.
&
do
do
do
do
981,000
Inc. 2,881,800 Circulation
Dec. 2,148,1001
78, reij
48, coup., 1913....
cp., 1913.
58, rcg.
PlttBburg
do
60,373,200 200,381,000 62.994,600 16,437,900 264,404,200 21,683,200
Specie
Legal tenders
*^yra.Gen.4 t'orn'.-,lRr.:8,lsr5
Texas 4 Pac. 1st m ,6a, g„1905
do
cons. m.,6e,g.,l90j
6s,ola,reg..
do
do 68,n.,rg., prior to 'SP
do 68,n.,rg.,lS9o* over 120
Allegheny County Ss, coup,
3.660,1100
317,000
279,100
331,400
02,300
200,000
320.800
110.700
288,600
40,000
24,IW0
228,300
480,000
2,723.000
7,120,600
145,800
02,600
1,231,100
786,000
170,000
10s
I
1.125,000
87,700
77.800
225.700
201,000
75,000
321,500
206,400
250,000
474,600
636,000
64,200
112,800
77,100
103M
,
3,456.300
272,:100
12,000
8,045.000
4,110,800
305,1KX)
1,188.000
li3«
.
170,700
10:1,000
a.lW4,100
1,815,200
188,700
Ki,7s:i.llliii
495,000
6,003,000
4,831,800
10,730.000
10.280,800
4.095,400
3.687,300
520,500
334,900
20S,00(i
2.2:)1,«00
500,000
1,000,000
1,000,000
300,000
400,000
1,600.000
2.000.000
000,000
240,000
200,000
Germ'nAmerlc'n
Ohase National..
»8«,5C0
1,177.000
1.183.000
1,062.800
986.000
8,148,800
423,600
400,600
3,S98.100
653,200
406,000
200,800
83,000
8.072.5,»
1,000,000
500,000
600,000
8t. Nlcholu.'i
613,000
177.200
4,00S,'A.K)
6<H),000
Nassau
t
2,067.000
025,200
lOSti
I03)S
103)4
103>»
103)4
K3
6s, '97.+
1C3
spco'l tax63 0f '89.+ 103
Louisville Water 63, Co, 190; + ii'3
JelI.M.41.1stm.(14M)7b,'til+ 100
+
1
101
H4
3dm, ,78
1
1L3
do
Iat in.,7s, 1906,...+ 112H 113)4
do
Loul8v.C.4Lex.istm.7s,'9;+ ii3Ji 118X
Louis, & Fr'k„Loul8V.ln,69,'8:
Loulsv. 4 Nashville—
+ 103
Leb. Br, 69, '86
lOSW
I03ii
latm,Leb. lir.Ei,,7s,'80-S5,1 103
113
do
6s, 'J3,..+ :03)« lOS
Lou. In.
102J< JefleraonMad. 4 lud. stock. 103
106
,
,
,
ST. liOUIS.
Louis 66. long
+
do
water«8,goia
+
do
do new.t
do
S8
bridge aopr.. g. 6s +
do
89H
renewal, gold. 6s. +
do
Bewer, g. 68, '9:-2-8,t
St. Loots Co. new park,g.66.t
St.
do
+ Anil
cur. 78
,
ioe«
10»»i
lOO.tj
107
100^
108w
100)5
lOSM
f....
|.,
I
Fbbhuart
THE CHRONICLE.
14, 1880.]
167
NEW
QUOTATIONS OF STOCKS AND BONDS IN
Bonds and active Railroad Stockn are quoted on a previous page.
U. S.
YORK.
Prieet represent the per cent value, whatever the
par may
he.
STATE BONDS.
CIn!t8
A, 2 to
('IllHN
B.
tci
82
TO
ArkansHM—fls,
78, L. Knck
7s, .Mcinl). &
na
a
f iinde<l
Vt. Soott iss.
L. Bock
N. O. IIK.
P. U.
ti.
KR
*
9
105
100
Coniieotlcut—Oa
GeorKla—fl»
new
7ii,
Hunnlbal&
iO«54
log
7b. ei]<lor»ed
No.Car. KU.,J.«J
A.AO
do
110
110
New
Chatimm
bonds, J.
do
6«,
64,
UK!
KMl
116
new
new serloa
lis
'
88
old....,
Vlrglna—Oa. old
6a, new. Iftflfl
ea, now, 1887
6a, con84>l. bonds
0a. ox matured coupon...,
ea, oonsol., 8d aerlea
AJ
A.&O
RU
ion
deferred
D. of ('olumbla—3'6Sa. 1824.
Small
R«Klst«red
Special tax, class 1
class 2
do
class S
do
0hlo-6B, 1881
lOB
re(j.,'8'
Tonneasee—6«,
coup, oir, J.& J
do
coup, off, A. ^O.
do
Funding act, 18fl6
18(18
do
1(I!H<
1887
68, ({old, coui).,
68, loan, 1H8.S
IHlll
Ba, do
100
100
loan
do
York—n», KoM,
A.AO
lonx
Ask.
Bnuth Carolina—
Sa, Act Mar. 28, 1800.
)'
Non-fundablo
8s. loan, 18SM
as.old,
106
107
lOH
1887..
SccrRiTiia.
Khodn Island—6a.a(mp.'8B-0
North Carolina—«s,old.JAJ
48
I«l
St. Jo., 1HH«,,
do
New
nam
71..K.1I1I
Illinois—68,coupon. lyTO...
War
-», ISIK)
S
5
In. L. 11
7», Ml«s. O. ,t K. !• UK...
78, ArkanHus Central Hit.
4H«
44
103
112
MlB8ourl-fl«, due 188« or •83
«», due 1880
6«,due 1H87
6s, due I1W8
6s, due 18»» or '80
Asylum or Univ., duo '92
Fundlnii, IHU4-95
8
SECinilTIEH.
Now York -fls, loan, im»
100
liouiHlana— 7e, consolidated
78, small
MIciilKan-Os, 1«83
5. Binitll
5
Ask
Bid.
Kentucky—69
0««
. .
:')!«
ciii»8 f, a
8ECUUITIE8.
Ask.
Bid.
SECrUITIES.
Alabamti— Class A, 8 to 5
6b,
68.1»i«
RAILROAD AND miSCELLANKOITS STOCKS AND RONDS.
Istm., 78, 1. & U. Kit
3.-west dlv.. 1st 83, 1909.
(Aciti^e prerlottft^ ijttoted.)
Albany & Susquelianna
Chlo.
Bo.iton ,t .N". Y. Air 1,., prof.
S5I
Burl. Codiir Itaplds t't No...
!25
Falls .t .Minnesota...
ll.'S
Clilcuit ) ,t Alton, pref
88
Chic. St. Louis* N. O
S1I2K
Clev. t't IMttshui-j.', ;.'uar
Duhunuo .'c Sioux City
Keokuk &
L)cs
do
Long
S41M
-
33
Chic.
do
do
pref.
Ohio Cent ml
Ohio A Mississippi pref
Peoria Decatur & Evansv.
do
W. & Chic,
do
k
Rome Watertown
Jfc
!22l^
UOii
24
Stonlnjfton
Terre Haute & Indianapolis
Toledo Peoria ,t Warsaw..
United N. J. KK. & Canal
.
Miseellaiieons St'ks.
Adams
K-vpress
tJanton Co., Baltimore
Caribou Consol. Mining
Central Arizona Mining...
Cent ral N. J Land Imp.
Clima.v .Mining
Consolidati(m Coal of Md.
Cumberland Coal & Iron...
.
109
50
lOgH,
46
47
103«
102
American Coal
Boston Lund Company....
Boston Water Power
.
.
Deadwood Mining
Excelsior .Mining.
Gold & Stocic Telegraph...
Horaestake .Mining
I.a Platta .Mining
Leadville .Mining
Little Pittsburg Mining
...
Mariposa L'd & Mining Co.,
do
do pref.
Maryland Coal
iim
S18!>
58
81>,
5
510
37W 40
30
83
!85
22'
21
21
22
do
pref.
Spring .Mountain Coal
Standura Cons. Gold Mining
OH
iH
24
Exchange
24H
Bur.Ced.U.S North.-lst.Ss
Mlnn.& St. L„ 1st. 7s, guar
Iowa City & We8tn,lst 7s
Chesap.A O.— Pur. m'y fund
88, gold, series B, Int.
def
deferred
Alton— l8t mort.
6a, currency. Int.
Chicago
&
Income
21M
65
do
assent'd
Am. Dock & Impr. bonds.
do
assented
Chlc.MII.S St.P.— l8t,8s,P.D
gdmort., 7
3-10, P. D...
Ist m., 7s, f gold, R. D.
st
LaC. Dlv
ra.. 1.
1st ni., I.
1st mort., Waco & N.,
2d C, Main line, 88
2d Waco 4 N., 8s
7s,
do
Ind., 8. f., 7s
Tol., sink. fund..
new bonds.
Islm., H.
,t !)
tst m.. C. .t
Prlcoa nominal,
112
lis
112)^
110
lis
M
Con. sinking fund
2d mortgage
108«
And accrued
73>i,
107
115
74«
iiii
85
63
102
98
102J<
100
110
HOW
l8tm.,gdL. 8. AM. S., 7a
Denver Pac— lst,7s,ld. gr.jr
85
105
00
108
:oo
T»
24
BO
HOW
2d mortgage. Inc., 1911 ...
II. ,t Cent. Mo., 1st., 1890,
Mobile
& Ohio-New
m.,
6s,
7s,
169'
105M
108
103k
103H
124"
Huds. R., 7s, 2d ra., s.h.'M 109
Canada South., Ist, Int. g.
Harlem, Ist m., 7s, coup.. 128"
do
1st ra., 7s, reg
126
Y. Klovated-lst, 7s, 1906
,S: Miss.—Consol. 8. f'd
Consolidated
2d consolidated
105}4
No price
....
to-day
j
& So. 111.. 1st m.
P.& Sioux C— 1st 8S.1919
M. & Manifa— lst,7s
Belleville
80
112
7TI..
these are
I
80
105
103
do
do
86
67
111
65
24)<
79
27«
25)4
83
90
60
85"
86
80
88)4
108
65
90
no
95
96)4 96
t90
lOS
roo
99
106
104
to"
101
100
70
73
106
113
113
Tennesssee State coupons.
South Carolina consol.
Virginia coupons
do
consol. coupons...
68
120
127)4
104« 105
104)4
39
107)4
i<rJH
103
99)4
97)4
St.L.
I08W 109
99M
Tenn. A Georgia —6s.
E.Tenn.A Va.—08,end.Tenn
E. Tenn. Va. A Ga.— Ist, 78.
Stock
Georgia
9.'i
106
107)4
114)4 115
118
1900, registered
iiiix
02M
87
75
44
62)4 64
74)4 75
Tag 73
71
70
67)4 60
73
75" 76
49
48
»d
do
4th
do
N.Y.LakeE.iW.Inc.6s. 19T7
Ohio Central— Inc.. 1920..,
I'poHh Def.
F'vtHo— Tnf
71
42
Stock
P^ast
107)4 108
92
made tlila week.
—
Cejit.
Charl'te Col. A A,— Cons., 7
99)4
2d mortgage, 7a
Consol. conv., 7s
Ot. Western, 1st ra., ex cp
do 2dm..7s,'93,ex cp
O. & Tol 1st, 7s, 'oo.ex cp.
I11.& So. la., Ist ra.7s,ex cp
Hannibal & Naples, 1st 7s
Omaha Div.. 1st mort, ~
Clarlnda b.,«s, 1919
St.Chas.B'dge.lst, 7s, 1908
North Missouri. 1st m., 7i
Ala. Achat.— Kec'rs ctfs.var
Atlantic A Gulf— Consol..
Consol., end. by Savaa'h..
Georgia Cons, m., 7
.
107^4 108J4
Equipment bonds, 78, 18^
K.C & N.R. E.& R.,7s
40
101
37
80
RAILROADS.
'79.
1st ext.7s
Ist St. L. dlv.7s,ex mat.cp.
2d mortgage ext.. ex coup
35
too
PAST-DtTE OOtTPONS.
l8t,W.D.
T.&Wab.,
STATES.
N. Carolina.— New 4a
Virginia— New 10-40s
Bur. Dlv.
mort.
Wabash KK.-Mtg.78 of
itast quotatloos
110
42
82
55
100
60
{Brokers" (iuotaiiom.i
RU.— 78
6s
Stock
Greenville
78,
guar
A Col.— 78, Ist m
Macon A Aug.— 2d, endors.
MemphlsA Cna'ston- l8t,78
2d, 7s
Mississippi Cent —Ist m., "78
2d mort., 8s
Miss. A Tenn.— lat m.. 8s, A
1st mortgage, 8s. B
A Jacks.— 1st m.. Ss.
Certificate, 2d mort.,88...
N. O.
.
Norfolk A Petersb.— 1st,
1st mortgage, 78
8s.
2d mortgage, 8s
Northeast., S. C.— 1st m.,8s.
2d mortgage. 88
Rich. A Dan.— 1st consol., 6tt
Southw. Ga.—Conv., 78, '86.
Stock
37?< S.Carollna RR.— 1st m., Js
1902, non-enjolned
36Ji 38
73
Non-m.trtg. bonds
West
Ala. -1st mort.,
'
Tiiar.
,<.
1
90
102
101« So.Carolina- Con.. 8a (good) 80
Rejected (best sort)
2S
95
Texu8-«s, 1892
M.AS, -^lOS
111
7s, gold, 1892-1910.. J.A J,
7s, gold, 1904
J.A J. fll2
10s, pension, 1894... J.A J. +99
95)i
lat pref. Inc. for 2d
1st inc. for consol
2d pref. debentures
lllH 112
lUHi
102
2d mort., 88, 1909
Tol. Peo. & W.-lst m., B.D.
Ist mortgage, W. D..
Burlington Dlv
2d mortgage. 1886....
Consol. 78,1910
Pur. Com. rec'pts, l8t,E.D
,
111
60
29
99
108)4 llO)i
99
104
Sontliern Secnrities.
103>i
106M
St. P.
Central of N. J .—1908
Chlo.St.L.&N.O.—2d m. 1907
Col.Chlc.&Ind.C.,inc.7s.l890
Ind's Bl.JtW'n-lnc, 1919,
md's Dec. ,i Sp'd. 2d Inc..
128
lnt.& Gt. .N'lirthern— 2d In
124«! I.en. ,t Wilkes B.Coal— 1888
Lake Erie ,t Wn-Inc.7s.'99
Laf. B1.& Mun.— Inc. 7, 1899
1^1^ Mobile* O.— 1st pref.debcn
.V.
St>rlm^eM div
lOSM
m
Sprlng.V'yW. Works— Ist 6a
Oregon R. Jfc Nav.— 1st, 8s
INCO.ME BONDS.
110!^
Ohio
interest.
H.—
West. Un. Tel.— 1900, coup
100
112'
113J4ill4M
96
I16"
.
2d mortgage, pref
income
_ do
St.
108«
108H 111"
MO.K.& T.-Cona.ass..l904-8 105
m
Br., 1st mort
Cairo & Fulton, 1st mort
Cairo Ark.
T.. lat mort
St. L. Alton & T.
Ist
102J4
Equipment bonds
Isf Tn..
t
73J4
72)4
I
&
6s. 1909
106^^ 107
Nash.Chat.&St. L.— 1st
106
lOB-V N. Y. Central-«s. 1888
114
6s, 1887
88. real estate
108
68, sut)scrlptlon
109
N. Y. C. & Hud., Ist m., cp.
124
do
1st m., reg.
100«
3-8s. class B.
Arkansas
n9W
112
98
I,. & Iron Mount'n— 1st
2d mortgage
*m
llSk 114
& M
&D
BO
70
St.
112«
1st mort., 7s, 1900...
2d mort.. 1909
Ind's Decatur & Sp'd Ist 78
Int. & Gt. North. 1st 68,gld,
&
106
Cleve. P'vllle & Ash., 7s
116>i 119
Buffalo & Erie, new bds... 119
105*4
Buffalo & State Line, 7s. *102
89H 89X
Kal'zoo & W. Pigeon, 1st
Det.Mon.&T.,lst,7s.'I«0fl »H2"
t....
Lake Shore Dlv. bonds
do
cons. coup.. 1st 121
67K
do
cons, reg., 1st., 121
l**
:is>t
do
cons. C(»up.. 2d, 115
118
116
;i5
do
cons. reg.. 2d
L0UISV.& Nash.— Cons. m. ,7s H0!<
Jids"
2d mort., 7s, gold
107
Cecllian Br.inch, 78....
108'
t'.'.'.'.
100 Jij
Nashv. & Decatttr, 1st
100
L. Erie & West.— 1 st 8s, 1019
97V;
ill2
93
Laf. Bl.,t .Mun.-lst 8». 1919
108 (109
Marietta
& Cin.— 1st mort
109"
1st mort., sterling
Metropollt'n Blev-l8t,l«08 102U IU2%
IOC
Mich. Cent.— Cons., 7s, 1002 119 120
^.16M118J^
Ist mort., 8s, 1882, s. f.
108
109H
.
do
assented
Adjustment, 1903
Lehigh i W. B.,con., g'd.
Cln. Ijafayette
.
3-(ts, cla,s3 C,
S.F.,2d 6s.class A,
.
57
53
Ml8S.Klv.Brldge.lst,s.f,Bs
Chic. Bur. & Q.—8 p.c, 1st
Consol. mort. '^*'
68, sinking fund
hlc. Uk. I.& P.-6S, cp.,191
8s. 1917, registered
Keok.A l)es M., 1st, g., 5s. 95
intral of .\. J.— 1st m., '90. 115J^
Iflt consolidated
do
assented. 106Ji loej^
Oonvertlble
m
&
.
100
55},;
St.L.
do
do
.
Sinking fund
Joliet X Chicago, Isi m...
Louls'a & Mo., 1st m., guar
do
2d 7s, 1900.
8t. L. Jack. & Chic.. Ist m.
1st m.,
109«
:os)«,
Cedar F.& Minn., 1st m..
Ind. Bl'm i W.-lst, pref. 78
§31
I04X
97)4
C—
Cleve.
m
I OS
1U5
78
Inc. and Ind'y. 78
Ill.Cent.— Dub.&Sloux C.lst
Dub. & .Sioux C , 2d dlv.
190
118
86
97
89
101
Pt^cee.
& o.— 1st 0s,Prk.b.l919
Bost. U. .^ Erie-lst
1st mort., guar
106
106}^
61
14
62
l»
75
Brie A Pittsburg— Ist m., 7s
do lst6s,Pelrce,CitO
Con. mortgage, 7s...
South Pac. of Mo.— 1st m. iod>i
78, equipment
Kansas Pac—
Ist m., 6a, '95, with cp.ctfs 118K 1I9W Bvansv. A t>awfordsv.— 7s.
Flint A Pere M.-«s, I'd gr't
1st m., 8s. 96,
do
116k
Consolidated 8s....
110
1st m.. 7s.Leav.br. do
Stock
Ist m.78,R.&L.G.Dd, do
Galv. Hons. A H.-7s, gld,'7i
tl25'
Ist u?.. 7s. land gr't.'SO.do
Gr'nd K.AInd.— lst.7s.l.g.gu
115
2d mort., 7s, '86
do
1st. 7s. Id. gr., not guar...
100
Inc. coup. No. 11 on 1916
Gr'nd K.A I.— 1st. ex l.gr..78
85
90
Inc. coup. No. 18 on 1918
Den. Div. 8s ass. cp.ctf..
iwyi ivvn lIous.AtJt.N.- l8t.7s.g.l900
Indianapolis A St.L.— 1st, 7s
.:108
Ist consol, 68
do
extended
do
Indianitp.A Vine— 1st, 78, gr
nil
Texas & Pac.— 1st, 8s, 1905.. 160
do
Coup.. 78. '94
IntcrnatlonaKTex.)— lst,78
Consol. 6s. 1905
do
Keg. 78, '94. tins h(<m
IISW
Income and land gr't. reg,
76)4 7ISH Int. II. A Gt. No.— Conv., Ss.
1st Pa. dlv., coup., 7s, 1917 113
Kansas
A Nebraska— Ist m.
113
reg., 78, 1917
do
'118" Pennsylvania RR—
2d mort
128
Pitts.n.W.& Chic, 1st m,
Albany & Susqueh., 1st tn. 108'
Long
Island
— 1st mortgage.
do
mort
do
do
2d
2d m..
N.y.AGrecnw. L.— l8t,7s, n.
I'io'
do
do
3d mort :ioi
do
3d m..
do
2d
Cleve.4 Pitts., consol., s.f
do
1st con., guar
109)i
N. J. Midland— Ist. 7s. gold.
112'
do
Ilens.& Saratoga, lst,coup
4th mort...
Col.Chlc. &I. C, Istcon
89« 2d mort
Ist, reg.
do
New
Jersey
So.—
Ist, 7s. new
do
70
Denv.& R. Grande— l8t,1900 103«
2d con...
St. Joseph A Pacific— 1st m.
89
do IstTr'tCo.ctfs.ass.
Erie— 1st mort., extended
2d mortgage
do
do
2d mortg., ext'n 5s. 1919,
suppl
St.
Jo.
Western
A
stock,
107*
do 2d
Sd mortgage, 7s, ISS;)..,
do
ass.
St.L.AS.E.-Cons., 78,g.,'94
108.^
Phtl.A Read.- Cons. coup.Bs «89
4tli mortgage, 7s, 1880 ..,
St.L. VanduliaA T.ll.-lst
11156 :i2s<
Registered 8s, 1911
80
5th mortgage. 78. 1888
2d mortgage, guar
119« llUJi
Coupon 7s, 19ll
85
1st cons, gold 7s, 1920
South Side (L. 1.)— Ist mort
ilU)
Registered 7s, 1911
$89
Long Dock bonds
South Minn.— 1st m., 7b,
Iraprovem't, coup., 6s, '91;
Buff. N.V.& K, Istm., 1918 120
1st mortgage, 7s (pink)
General, coup., 6s, 1908...
N.Y.L.E.JtW.,n.2d,con.,88
E.xtension
do
do
do lBt,con., f, cp.,7s *113 120
78. 1908.
Tol. Can. S.A Dct.— Ist, 7s, g
Inc. mort.. coup., 7s, 1896.
do '2d,con..f.cp.,5s.08
Union A Logansport— 7s.
iio^imj,;
Deb. mort., coup., 8s, 1S9S
Han. A St. Jos.— 1«. conv..
U. l*ac.— South Branch ...
08 h,
Deb. mort., conv., 78, 1S93
Uous.&Tex.
1st, m.I.,78
Borne Wat. & Og.— Con. Ist.
istmort.. West. Dlv., 7s.. 105J« 107
68«
Ten. Hen
Lake Shore
Mich S. & N.
Bait.
InCfuno bon4ls
Chic St.P.A .Mpolla-lat,68
Landgrnnt Income, 6s.
Chic A South west .—7b. guar
loiM
IS
99
108
110
100
4k;
4k.
Railroad Bonds.
.stock
t.
Income, 7s
Ist ra., Carondelet Br.
118
116
59
Chic & E. Ill.-S.F.c'y.llW.
.
39'
20
..
Sinking fund
Registered. 8s
Collateral Trust, Os
Pacific KR. of Mo.— Ist m.
2d mortgage
100
106
114
91
lOS
107
ra
7s, s.
.
25
Mimtauk
(ias Coal
Ontario Silver Mining
()regon Hallway ,t NaT. Co.
Pennsylvania Coal
..
Pullman Palace Car
Quicksilver
grants, 78
& West.— 2d m. 104 Mi,
tl04
cimvertlble
119
Mortgif«e 7s, 1907
8vr. lilt xh. & N. Y., 1st, 7« 118
12t>^
Morris A. Kssex, 1st m
112
2d mort..
do
bonds, 1900
do
construct'n 100 102
do
113
7s of 1871
do
108«
do
Ist con., g'd
Del.&Uud.Canal— l8tm.,'84 104 i:o4^
107*107
1st mortgage, 1891
S120
Anieriean Kxpress
United States Express
Wells, Fargo & Co
Land
RAILROADS.
7s.
125"
feii
(ItrokerH* OnotnUnnti.)
Atch.&P.Pk-fls.gld, ex cp,
Bost. k N. Y. Alr-L-lst m.
Cent, of la.— 1st m., 78, gold
2d
lioM 110«
Stock
113
IISH,
Chlc.A Can. So.— Ist m.jc.,78
H9M
Del. Lack.
mH]
S«
.
A Ch.— 1st m
Ctn.ASpr.— lat,C.('.C.AI.,7B
* Ind's-lst.
Consol. mortgage
C. 0. C.
2m
Ogd...
Misccllanooiis List.
104*,
107>4
South. Pac. of Cal.— Ist m.
Union Pjicltic- 1st mort..
—
2d
C. St.L.i N. O.l8t con. 7s
116
guar.
spec'l.
Saratopu
no*(
116"
570
112Mi
V£i
St.L.I.M.&a.-lat 7s,prf .Int
2d Int., 68. accum'latlve
104
104 Hi
Cal.
113
m.
»3«
107
Island
,& Chicago.
Metropolitan Elevated
N.Y. Elevated
N. Y. New Haven & Hartf
N. V. Ontario A Western..
Rensselaer
Mil., 1st
St. P., Ist
do
nref.
Jjoutsv. N. Alb.
Pitts. Ft.
Jk
Winona &
03
IJgg
Land grant bonds
Western I'acitlc bonds..
.
Moines
do
E'vlllc, Ist 6s
& Orog<»n, Ist
State Aid bonds
07
122W,r.i3
—
1D3
-
108
f'd..
bonds
Int.
&
RailroadsCentral Pacific— Gold bds.
San Joaquin Branch
87
Dav.,' 1910.
& Northw.— Sink.
Peoria;Dec.
Pacific
Extension bonds
IfW
llWJi
Ist mortgage
118
Coupon gold bonds
118
Registered gold bonds
107
Sinking fund
Iowa Midland, 1st m., 88.
Galena & Chicago, exten. I'm
S113
Peninsula. 1st m., conv.
Sift!
-
&
lie
Consol. bonds
Cedar
Frankfort & Kokoino..
Uarleni
lud. Bloom. & Western.
Intern *I & Gt. Northern
LaC.
1st 5s,
90
93
Ohio Cent.. Istm., 68, 1020.
M.iSt.P.-Contlnued
Chic.
Railroad HUeks.
I No quo^tion
t(.-d«y
latest
50
106
50
110
96
100
110
112"
KM
100
100
90
97
97
102
102
109
69
116
102
100
95
65
98
100
98
102
104
116
96
no
IDS
119
108
116
115
103
100
107
B5
102
60
28'
112
t'«
95
112
66
119
106
106
68"
108
03
B3
108
107
118
100
lis
113
103
110
109"
65
80
114
114
Mle tbia week.
,
THE CHRONICLE.
168
[Vol.
and that Mr. Sage paid the company §150,000
luucstwxeuts
XXX
in settlement of
their old suit against him.
&
Pacific.— At the annual meeting of stockholders
gave the earnings and
expenses of the past year, compared with previous years, as
Chicago
AJTD
in Chicago, the report of the President
STATE, CITY AND CORPORATION FINANCES.
follows
published on the last Saturday
subscribera of tlie
of each month, and furnished to all regular
sold at the
Chrosiclb. No single copies of the Supplement are
regular
as only a sufficient number is printed to supply
The
IwvEOTORs' Supplement
office,
subscribers.
ANNUAL
REPOKTS.
Troy & Bostou.
(For the year eneing Sept. 30.)
From the report to the New York State Engineer, the following statistics are obtained
^
„ . „/, ,„Hn
The stock and debt were as follows, Sept. 30, ISTt"
:
$1,009,010
„^„„^
.Stock
Funded
o
(lel)t
Floiitiiis
.
qao'f.is
(^,210,658
Total
The
traffic
for the year
frelglit carried
The
earnings.
1878-79.
1877-78.
ra?'oqQ
osi.Jda
294,879
595,904
Fieialit
otue'r ..::..:
Total
1878-79.
1877-78.
^insoT?
40»,si7i
20377
$174,490
363,980
21,872
*g9?'|2S
$560,343
285,596,
$288,519
$274,747
dUo.Jit)
Espeusts
Neteamings
Payments from net earnings were as follows
Net earnings
iVnn qqV
Interest
^^^^'^^^
'^SS'fgS
27,537
Rentals
H''-««"<="'»
^if
226,526
$61,992
Balance to surplus fund
earning.^.
$S4,890
11.5.0.J9
74,281
13.j..'"i92
43,297
137,74.5
170,.528
38.783
110,.507
74,209
42,293
The general solicitor reported that "a decree had passed against
the company for the foreclosure of the alleged mortgage on the
12th of February, 1879. From this decree! have prosecuted an
appeal to the Supreme Court of the United States, in which
Court the record now is. Being, however, unable to give a bond
for $250,000, by the Court held necessary to stay a sale of the
property, the decree was carried into execution, and all the corporate property of the company was, on the 1st day of May,
1879, sold to a committee of bondholders for the sum of
§916,100, subject to the right of the company to redeem at any
time within one year thereafter, and to the right of the judgment creditors to redeem for three months next following the
expiration of the twelve months given the company to redeem."
earnings for the year were as follows
Paasengcrs
JIxpensoB.
$186,034
189,341
178,897
1879
1878
1877
187H
1875
was as follows
Passengers carried.
Tons
ooy qaq
__!!_'_
debt
Net
Gross
is
aENERAL INVESTMENT NEWS.
Atchison Topeka & Santa Fe.—The Boston Advertiser snya
" One hundred dollars a share is bid for New Mexico & Southern
Pacific Railroad stock, the New Mexico branch of the Atchison
system, and none is to be had at thatjflgure. The stock is not
yet issued, but will be in a few days. Except the Kansas City
Topeka & Western, it is the richest investment the Atchison
rnanagement ever offered its stockholders, but the rights to
subscribe for it offered eighteen months ago sold for almost
nothing. The first 380 miles of the road built, and projected
for immediate building, is capitalized for $23,290 per mile, one-
$1.51,144
Cincinnati Indianapolis St. Louis & Chicago.—This is the
of the company organized as the successor company to
name
the Indianapolis Cincinnati & Lafayette. It will issue §4,000,000
of stock to the old bondholders. The new company, when
all its securities are issued, will have a funded debt of
§7,500,000 first consolidated 6 per cent bonds, due in 1919, to
be secured on the entire property, and §4,000,000 in capital
stock.
Of the $7,500,000 new bonds to be issued, §6,885,000 is
reserved, into which all of the old bonds, prior to the I. C. & L.
7s of 1869, may be exchanged at their par value, leaving a surplus of $615,000 in new bonds. The other securities are: Indianapolis Cincinnati & Lafayette 7s of 1869, $2,087,750; do.
do. funding debt 7s (in which is included the old preferred
stock. $1,419,300), and the common stock, §5,587,150. These
securities are to lie provided for as follows: The 7s of 1869 are
to receive 70 per cent of their face in new stock, and the
funded debt 7s, or preferred stock, 40 per cent. This will leave
a balance of new stock of $2,029,045, which, with the balance of
new bonds, $615,000, will be offered as follows: To the 7s
of 1869, 10 per cent in bonds and 30 per cent in stock for 10 per
cent cash. To the funded debt 7s, 20 per cent bonds and 60 per
cent in stock for 20 per cent cash. To the common stock, 2 per
cent bonds and 6 per cent in stock for 2 per cent cash.
Cincinnati Sandusky & Cleveland.- This company reports
that for the four months ending Dec. 31 its net earnings were:
1879, §99,125; 1878, §58,708; increase, $40,416, or 68-9 per cent.
Colorado Central.— This coinpany has executed a new 30year mortgage for §2,526,000, to bear not over 7 per cent inThese new bonds are to replace the same amount of 8
terest.
per cent first mortgage bonds now outstanding.
—
Detroit Lansing &'Nortliern. The directors have declared
dividends of three-and-a-half per cent upon preferred stock from
the earnings of the six months ending December 31, 1879, and
of three-and-a-half per cent on common stock from the earnings of the year ending the same date. These dividends are
payable at the Boston office on the 10th. This makes a total
dividend of seven per cent on the preferred and three-and-aThe earnhalf per cent on the common stock during the year
ings of the road for 1879 were $1,108,932 for the year 1878
they were §970,033 ; the increase for 1879 was $138,898.
Delaware & Hudson Canal Company. This company issues
the following abstract of its statement for 1879
Central Iowa. The earnings and expenses of the company Eecciiits from coal, &c
$0,403,907
3,152,839
Receipts from railroads
in December 1878 and 1879 were:
415,303-$9,972,049
Miscellaneous and interest
1879.
1878.
7,455,033
Expenses of aUkiuds
Totiil canilngs
$83,340
$65,410
Opcratiug expenses
36,478
35,072
$2,517,016
Net earning.'i
3,147,659
Paid taxes, interest and rentals leased lines
$46,801
$30,377
Eenewal bridges and ties
11,783
6,290
$630,643
half stock and one-half bonds, in all $4,425,000 of each. Original subscribers paid §900 for a $1,000 bond, now worth §1,080,
and ten shares of stock, now worth $1,000. Upon this stock
the rights for the second subscription sold for $30 per share.
The total investment of $900, paid at different times during
the past eighteen months, has thus returned to date $2,380, or
164 per cent of profit. Despatches report the completion of
the road, or rather a branch of it, into Santa Fe. The Atchisan
Topeka & Santa Fe Company leases the road for thirty years,
paying 37 per cent of the gross earnings and a rebate of 15 per
cent on all business delivered to and secured from the road at
the State line of New Mexico.
;
—
:
—
Sliowing a deficit
Neteaniings
Chicago
$35,077
$24,081
& Iowa.—A
dispatch from Aurora, 111., February
" Supervisor Reising gives an emphatic denial to the
10, says
report that Jay Gould has purchased the Chicago & Iowa Railroad. The town of Aurora's stock in that road is almost the
only stock that is not under a cloud, and that is safe in Mr.
Reising's possession and cannot be sold without a vote of the
:
Of
this
§316,059 was loss upon leased lines, including the
Railroad.
New York & Canada
Coal, tons.
Tliere
was mined and
.sold
for account of tlie
company
Transported tor other parties
3,412,063
Totiil
The
unprecedented high
Chicago Milwaiikee& Sl.Panl.— The Milwaukee Sentinel snya
there is a report to the effect that the Chicago Milwaukee & St
Paul have purchased the Dakota Southern (the Wicker Road)
which has been operated by C. G. Wicker of Chicago. It is
also said that they have bought the Sioux City & Pembina railroad, which runs from a connection with the" Dakota Southern
at Davis Junction, at the extreme Southeastern corner of Dakota, directly northward, along the -boundary line of Iowa and
Dakota, to Sioux Falls, near the junction of Minnesota Dakota
& Iowa. The Chicago Milwaukee & St. Paul have also the control of the Southern Minnesota, from La Crosse, on the
Mis.sissippi River, to Winnebago City, Minn., a dLstanee uf 174 mile.s,
having purchased the stock of that company last year, which
"
will make them the full ovyners in the year 1883.
^!^!* already been reported that'this company had taken
..1 ~J,*
the Hastings & Dakota of Mr. Russell Sage for about §2,000 000
the expenses.
damage
to the canal caused by the
water of December, 1878, is included in
entire cost of the
town."
3,054,390
357,673
—
Huntingdon & Broad Top Mountain. For the year 1879
the earnings and expenses were as follows, compared with 1878:
1879.
Passengers
Cpal
Other freight
Miscellaueous
Total
Expen.ses
Neteaniings
.
;
1878.
$24,893
150,716
70,654
7,262
$23,644
150,275
52,459
$253,525
112,221
$238,889
106,196
$141,304
$132,693
6,511
During the year §30,000 of floating debt was paid, and it is
hoped that the rest may be entirely cleared off during the current year, after which something may be paid to the third
mortgage bondholders.
Indiana Bloomlngtou & Western. A circular addressed to
—
,
FEBBnAKT
THE CHRONICLE
14, 1660.
the stock and bond holders was issued under date of Jan. 31, in
which it is stated that
Tlic new company oMiiineil possession
September. 1870
Ocli.lier, 1870
$121,800
111,095
JJoveniber, 187!)
8.".,a;i9
lieccmbcr, 1870
106,054
STKKL KAILg.)
Scptomlier, 1 870
October, 1870
$02,007
Novcmhor, 1870
December, 1870
GS,70S
70,0 1
7:t,7(i;i
$125,180
Total
Total
$27O.0;i
Net earnings
$151,551
Thts will
I
Per cent of operating expenses to sross eitniincB, 03'05.
compare very favorably with the pereentatft; of onei-atinji? e-vpeufcM
for tlio lorresponilini,' liiontlis of 1S78. diirini; which tliuo it wa
71
."]()per
inj.'s :;(i-:i5,
cent, leaving the perecnta>;o of net euruings to gross earn
awainst 2s-50 in 1878.
j'cnr 1879
approximate gross earnings for the whole
were
,
Approvimato operatine expenses
Tile
Georgia roads.
Ihe new arrangement gives the Lonisville &
control of every port on the Ocean or
Gulf between Wilmington and New Orleans, except Brunswick."
Macon & Brunswiclt.—A press despatch from Atlanta, Ga.,
Feb. 11, says: "The Macon & Brun.swick Railroad was to-day
purchased by a strong company, headed by H.T.Wilson and
Company
M.shville
of the jproperty Aueust 8, 1870,
nnii the fiillowliii; statement, iiu'liulliiir the full mouths of ScptemlH'i',
October, Novenilicr and December, is jtlveii
IIIIOSS KAKNINUS.
Ol-EUATIXO EXfENBES (INXI-DDING
$l,170,5r.2
810, lion
300.1 OS
cars, purchased unrtertho Adams contract,
Ajipnixiniate net earniiii^s
Upon tlic lOs box freiLTlit
there is siiU dne about iisi.iiio, payable in monthly iii.stalinents. A new
ciuilract has lieen mailc for the use of the Peoria Pekiii At Jacksonville
Kailroad tracks, between l'<'cnia anrl aprln)rileld. ten miles In length, by
wbicli fne annual cost of tlie use of the tracks between those points Inis
been reduced from about ^ 12,000 to about $22,000.
(LTiKhu- the reorKanization, the present indebtedness Is given In the
109
others, of >ew\ork. It is reported that they will build the
extension from Macon to Atlanta at once."
—The Savannah Neic« .says: "The §600,000 bogus bond« of the
road, which the State has refused to \my, it seems, is the main
cause of the trouble. These, in the opinion of many, will be a
substantial lien upon the road the moment it pa-sses into private
hands. No company could afford to build the extension from
Macon to Atlanta, comply with the onerous provisions of the
present lease law, and pay the State besides the enormous rental of $196,000 a year, at which the road wa.s leased."
& Cincinnati.— At Chillicothe, Ohio, February 5
the case of William Key.ser and Robert Garrett against the
Marietta & Cincinnati Railroad Company, John D. Madnira
trustee for the second mortgage bondlbjlders, filed an amended
Marietta
in
answer and cross-petition, in which he prays for foreclosure of
the mortgage and sale of the road and its franchises. He sets
company is in default of interest
and the mortgage tliereby becomes absolute.
INVKST(>1!s' .Sll'I'UiSIKNT.)
He prays that the Baltimore & Ohio Railroad Company, which
Of the $:f,;iO<),()00 .stock. $830,000 is held in trust by the Purchasing claims to own $1,200,000 worth of fli-st
mortgage bonds of the
Conunittee to redeem that amount of stock scrip is.siied by the coiiuniitee uinier the bondluddcrs' agreement, whlcli scrip is convertibli; into old Hillsboro & Cincinnati Railroad Company, be made a party '
stock after a
per cent dividend on incomes, 8 per cent dividend npon and show by what title they claim said bonds.
stock, and 7 ]>er cent upon the scrip, in any one year. First and seconcl
Metropolitan Elevated.—When the Metropolitan Elevated
niort>;ai.'e bonds bear 3 per cent intei'csi for throe years, 4 per cent intei-ostfor twoyciirs, 5 i>er cent int<>rest for three years, and
percent inter- Railway Co. was absorbed by the Manhattan Elevated Railway
est thereafter until maturity. The aunual interest charge is now and Company, the latter guaranteed interest
on $8,500,000 of its
will lie until April 1, 1882, $220,000 per annum. After April 1. 1SS2,
for two years, it will be $270,000 per aniunn after April 1,1884, for first mortgage bonds, and has since been paying interest on
three years, it wi II be $320,000 per annum after April 1, 1887, It will be that amount, although but $2,500,000 were issued and outIJermaueiilly $370,000 iMir annum.
standing. The Metropolitan Company were prevented from
International & Great Northern (Tcxas.1—This company's issuing the remainder until their Second-avenue route should
stock and bonds have been admitted to the N. Y. Stock Ex- l)e 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, Morwhich is $25,000,000, but only [$5,500,000 have been t.sued. gan & Co., on belialf of themselves and a.ssoeiates. The bonds
Purchase money first mortgage 6 per cent gold bonds, due •ire said to have belonged to the New York Loan & Improve1919, 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 sj-ndicate 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.
intere.st, if earned, is limited to 8 per cent per annum; the
Mobile & Montaroniery.- At the aunual meeting of the stockpresent i.ssue is limited to $4,724,000, and $10,000 per mile of holders, Feb. 4, the following directors for the ensuing
year
road hereafter constructed or acquired. The road extends were unanimously elected: E. H. Green, New York; E. D.
Standifrom Longview to Houston, and from Palestine to Austin, a ford and H. Victor Newcomb, Louisville; Gen. 0. Clarke, Henry
distance of 417 miles, and its branches are 102 miles in length, Anthon, .Jr., J. P. Girard Foster, of New York; Henry
C. Murmaking a total length of line of 519 miles. The liabihties of rell, W. D. Caldwell, Louisville, and George A. Washington of
the copipanv consist of bills payable in New York, with inter- Tennessee. At a meeting of the directors subsequently,
E. H.
est from May 1, 1879, to the amount of $390,736. Its assets Green of New York was elected President
and Henry "Anthon,
consist of $600,000 of its own first mortgage bonds and $:8G,300 .Jr., Secretary. This effects a change in the
management, the
stock of the Galveston Houston & Henderson Railroad.
Louisville & Nashville Railroad taking control.
Kansas Padflc— The first consolidated mortgage 6 per cent
Montpelier & Wells River.— The Boston A dvertuer sa,y9
bond.s, an authorized issue of $30,000,000, have been admitted to
" This company is now paying a dividend of 2 per cent to the
the New York Stock Exchange. The company states that the
coiiverted their bonds into stock. The
holders of its old securities have agreed to exchange their stockholders who have
bonds for the consolidated mortgage bonds to the followiu"- capil.al of the road is $800,000. The road is about 40 miles
extent: $5,000,000 out of $6,379,000 Denver Extension bonds; long, and connects with the Central Vermont at Montpelier and
with the Boston Concord & Montreal and the Connecticut &
$754,000 out of $1,105,000 second land grant bonds
$75,0C0 Passumpsic at Wells River. The road
has now no mortgage nor
Leavenworth Branch bonds, and $2,686,000 income bonds.
floating debt."
Little Rock 9Ii88i8.sip]>i River & Texas.— A di.spatch from
Municipal Gas Knickerbocker Gas.—The Municipal GasLittle Rock, Ark., Feb. 10, says the Monticello Branch of this
railroad is completed, and the Helena & Iron Mountain Railway light Company, of this city, has purchased the property and
has also been completed to Marianna, a distance of about 2a franchises of the Knickerbocker Gaslight company, which has
mains in that portion of the city nortii of Thirty-fourth street,
miles from Helena.
Lonisville Cincinnati & Lexina:ton.— This company has and a franchise to lay pipes anywhere in the city.
contracted with parties in Cincinnati for the graduation and
New Jersey Midland. A new plan of reorganization has
ballasting of 26 miles of road from Shelbyville to Bloomfleld, 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 bondholdLouisville & Nashville.— A part of the flr.st mortgage gold ers receive principal and interest in bonds of the new company,
bonds, 6 per cents, on the Evansville Henderson & Nashville at 6 per cent, to be cumulative. The second mortgage bondDivision, for $2,400,000, due December 1, 1919, were issued by holders to receive principal and interest in new incuiiie bonds,
Drexel, Morgan & Co. this week and sold immediately. The at 6 per cent, but not cumulative. The third mortgage bondproperty is mortgaged at the la'.- of $17,500 per mile. 97 holders and creditors under the floating debt to receive prinmiles are located in Kentucky and Si miles in Tennessee, and cipal and interest in preferred stock, bearing 6 per cent, but
$1,600,000 of the issue are sold now at 102^ and interest. not cumulative. The holders of common stock to receive new
This was the proportion of the bonds on the property in Ken- common stock in exchange. The holders of labor claims to retucky, the remaining i^800,000 bonds, which represent the ceive 50 per cent in cash and the remainder in preferred stock.
proportion of the bonds on the property in Tennessee having The holders of the chattel mortgages to be treated the same as
been deposited with the Central Trust Company of New York, the first mortgage bondholders. The stockholders of the Hudin trust, and cannot be sold or otherwise disposed of until the son Co.nnecting line to have their choice of faring the same as
claim of prior lien made b/ 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 competent cent of their iioldings in new first mortgage bonds and the
forth in his petition that the
since
May,
1877,
;
;
:
;
—
—
;
jurisdiction.
—On
February
President Standiford and other officers of
the Louisville & Nashville road met C. I Sullivan, owner of the
road from Pen.sacola to Selina. when a sale was consummated,
transferring the entire line to the Louisville & Na-shville Company.
Lonisville
4,
& Nashville—Georeria Railroads.— A
despatch
to the New York Herald from Atlanta, Ga., Feb. 12, savs
"The details of a virtual consolidation of the Georgia Railn ml
:
balance in preferred stock, with the privilege of participating
in the benefits of the judgment of the New York & Oswego
Midland Company, as obtained in the degree on Van Houten's
appeal. This plan is in the interest of the junior securities,
which, under previous plans, were ignored.
The last report
issued gi\ OS the capital stock at $1,423,475, the first mortgage
bonds a' $3,000,000, the second mortgage bonds at $1,500,000,
the third mortgage bonds at $1,000,000, and the floating debt,
claims, &c., at .'f9S9,924.
Company and the Georgia Central Railroad Company with the
New London Nortliern. At the annual meeting in New
Louisville & Nashville Railroad Company is made public to-d.Tv. London, Feb. 5, the stockholders voted to ratify the agreement
rhe contract was negotiated by Vice-President Newcomb tvvo for the purchase of the Brattleboro Branch of the Vermont &
weeks ago, and has been ratified by the boards of the two Massachusetts road. Also to issue $1,500,000 new bonds, $700,-
THE CHRONKJLE.
170
000 to be used to pay for the branch, and the remainder to pay
off old bonds which will mature soon.
New Orleans & Mobile. It is stated that an agreement has
been concluded for the sale of this road (Mobile & New
Orleans) to the Louisville & Nashville Company for $4,000,000
in 6 per cent bonds.
N. Y. Central & Hudson River. An oflScial statement of the
gross earnings for the first four months of the fiscal year shows
fhe following:
—
—
1878-79.
i«7n-so.
$2,771,'J03
October
November
December
2,.")67.318
2,237,'2fi.5
January
Total, fourraonths
—
:!.soi.^:!.">
2.>i4li,-Jlli
2,024,811
2.:iil3,(;l2
$9,600,599
$ll,140.--:50
:
:
—
—
Vol.
XXX
stock out of the 240,000 outstanding ratified the acts of
President Torrance in these regards, whereas a two-thirds vote was
necessary to make them legal, and that no resolution or order
authorizing or ratifying either was ever recorded in the office
of any recorder of deeds in any of the counties of Illinois
through which the road runs, as was required by law. In conclusion, they "oflfer to surrender and restore said railroad
the Springfield division) and other property to its proper
owners in equity, as may be determined and directed by this
court, and to account for the profits and earnings thereof.
Oil Traffle.— The Times, Feb. 13, says that " the rise in New
Jersey Central was due to the announcement that the company
and its connection, the Tide-water Pipe Line, have made a pooling arrangement with the Pennsylvania Central, Erie and New
York Central Railroads for carrying the oil shipped to tidewater. The basis 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 .been 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 supposed 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 $10,000,000 to
$12,000,000 per annum. Officers of the Erie Railway Company
claim that it will make a difference of $1,250,000 per annum to
that road."
New Yorlc Central—Lake Shore Erie.—It is stated that
the contract between these railroads for a division of the New
England trafilc was signed Tuesday night by Presidents Vanderbilt and Jewett, but has yet to be ratified by the directors
of each corporation. The terms of the agreement are not made
Enblic, but it is said by those who prstend to know that the
ake Shore & Michigan Southern, the Canada Southern and
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
two trunk lines and their connections. It is agreed that the
western connections of the two trunk lines at Bufl'alo, Niagara
Falls, Dunkirk and Salamanca, and their eastern connections
at Albany, Troy and Meehanicsville shall be placed in a position of ecxuality as regards lates, traflic, facilities and other
arrangements.
New York Ontario & Western. This company— the reorganized N. y. & Oswego Midland— has had its stock placed
on the N. Y. Stock Exchange list as follows Preferred stock tothe amount of $2,000,000, issued to holders of the receiver's
debt of the New York & Oswego Midland Railroad Company.
Common stock to the amount (authorized') of $48,000,000, of
which $13,000,000 stock is to be issued to the first mortgage bondholders of the Oswego Midland, the remainder being retained
to provide for the junior securities aid common stock of the
ola company, according to its plan of reorganization. Many
reports are afloat as to the proposed extensions of this road. A
board of directors was elected on the 22d of January, and on
the 6th of February the stockholders held another meeting in
the oiBce of Kuhn, Loeb & Co., and elected a new set of direcJose F. Navarro, Charles J. Canda, Julius Halltors, as follows
garten, Charles S. Hinchman of Philadelphia, William C. Whitney, Samuel S. Strang, B. L. Frank, William M. Fleiss, C. N.
Jordan, Theodore Houston, Gen. Burnham, Mr. Farley of the
banking firm of George Opdyke & Co., and Charles R. Flint.
Other changes, it is said, are likely to follow, and C. N. Jordan,
President of the new company, Jose F. Navarro and Charles J.
Canda will resign soon, to take places in the Construction Co.
The Tribune says that this company, to be organized under the
laws of New Jer.sey, will have a capital of $200,000. Its ostensible purpose is to put the railroad in good condition, and to
furnish suitable connections east and west and terminal facilities at New York.
Among the persons who are known to be
interested in the scheme are Henry Amy, who is temporarily
the President ; Jacob H. vSchiif, of liuhn, Loeb & Co. ; George
M. Pullman, C. F. Woerishoffer, William R. Grace and B. F.
Winslow. It is claimed that the holders of enough junior
securities to furnish the company $2,500,000 have assented to
the plan of reorganization, and the assent of the holders of
enough more has been pledged to produce nearly double this
amount. " It is reported that persons interested, in this road
have been buying the stock of the Atlantic & Great Western
Railroad and are seeking the control of the Rochester & State
Line Road. By these and other roads and by the New Jersey
Midland, which is to be sold soon, the promoters of the enterprise propose to make a new trunk line to the West. The
interest which Samuel J. Tilden has in the road is said to be
represented in this board, but it is not known what particular
places his friends occupy in the Construction Company."
If all the old stock and bonds should come in and pay up
their assessments, it will be seen by the statement in the ChkoxICLE of January 24, on page 92, that the new company would
have seven or eight million dollars in cash. If the old stock
and bonds do not come in largely, the capital stock will be just
that much smaller in amount. The 21st of February is the
last day of the 30-days time within which all the junior
securi
ties must come in, except the old stock and non-mortgage
bonds convertible into stock, the.se latter having six months, or
22, 1880, to come in under the reorganization scheme
*''i<u"^-^
The leadmg points rumored as to the new company's plan
of work are: { 1) that a tunnel will be cut through Bergen Hill
and large grounds for a terminus secured on the Hudson River
possibly in connection with the Forty-second street Ferry
(9)
that a through route to Oswego and thence to the new
Br'idg-e
over the Niagara River will be formed, and close
connection
made with the Grand Trunk of Canada; (3) that a line will be
built to connect with the Atlantic ft'Great Western
and a route
to Cincinnati and the Southwest be thus secured.
„ ^'*'* .* Mississippi.-It is now reported that in the suit of
b. P. Dimptel to have the purchase of the Springfield
branch
declared void and the bonds set aside, the company has
made
an answer to the amended complaint, admitting its allegations
ihey even go so far as to aver that the purchase and "issue
of
bonds were never authorized by either the board of directors
or the stockholders ; that holders of only 116,282
shares of
—
I
Pennsylvania & Delaware— Poraeroy & State Line.— The
Pennsylvania & Delaware Railroad, which was recently sold
out under foreclosure of mortgage and bought in for the Pehnsylvania Railroad, has been reorganized by forming a new company, called the Pomeroy & State Line Railroad, with $500,000
capital, Strickland Kneass being President.
This road is about
39 miles long, and runs from Pomeroy, on the Pennsylvania
Railroad, near CoatesvUle, to Delaware" City.
& Ogdensbnrg, Termont Division.—The bondnew corporation by the name of the
Johnsbury & Lake Champlain Railroad Company, to take
and own the road after the foreclosure. Notice is given that
all holders of first mortgage and joint preference bonds will
have the right to come in and join in the new organization
Portland
holders have organized a
St.
within thirty days.
Rochester
&
State Line.
—At
Rochester, N. Y., Feb.
9,
a
notice was filed in the County Clerk's office of a lis pendens in
the New I'ork Supreme Court by the Union Trust Company of
New Y'ork, plaintiff, against the Rochester State Line Railway
Company. The company failed to pay interest on $2,575,000 of
bonsls, and the filing of the lis pendens makes the claim of the
Trust Company prior to those of any other creditors of the
corporation. The property mortgaged includes the railroad
from Rochester to Salamanca, with the real estate, railway,
rails, bridges, fences, piers, privileges, rights and franchise,
locomotives, &c., owned, or hereafter to be owned, by the com-
pany.
—
The St. Joseph Herald reports that
St. Joseph & Western.
at the adjourned meeting of the stockholders of the St. Joseph
& Western Railroad, held at Elwood, the recent lease of this
road to the Kansas Pacific was confirmed, over two-thirds of
the stock issued voting in the affirmative."
dispatch from St. Joseph, Mo.. Feb. 6, says: "The extension of the St. Joseph & Western Railroad will be from Logan,
—A
Phelps County, Kan., along the north fork of the Solomon to
Agate, sixty-six miles east of Denver on the Kans.as Pacific."
The final decree of the
St. Louis Alton & Terre Haute.
United States Circuit Court in the case of the St. Louis Alton
& Terre Haute Railroad Company against Samuel J. Tilden
and others was filed on the 31st ult., in the office of the Clerk of
the Court, by which the company fortunately recovers $400,000
from Tilden, Butler, Sage and Bayard.
Texas Pacific^Missonri Kansas & Texas. It is reported
that the next great consolidation will be that of the Missouri
Pacific, Missouri Kansas & Texas and the Texas Pacific lailGeneral Dodge refused to impart
roads into one corporation.
any information on the subject, but it is stated that such consolidation has virtually been decided upon, and will soon be
consummated. With this last scheme completed, Gould would
have his system of roads mainly consolidated into three companies—namely, the Wabash St. Louis & Pacific the Union &
Kansas Pacific and the Missouri & Texas Pacific.
Tnckerton. This Railroad and the branch running from
Tnckerton to Little Egg Harbor Bay, N. J., were offered at
—
—
—
public sale in Camden, by virtue of a decree of the Circuit
Court of the United States, and the property was bought by
the solicitor of the road for $85,000.
Wabasli St. Lonis & Pacific —Toledo Peoria & Warsaw.—
It is reported that the Wabash Pacific agrees to guarantee 7 per
cent on the $4,500,000 first mortgage bonds of the Toledo Peoria & Warsaw (lately foreclosed). The $2,900,000 income bonds
are to be guaranteed at least 4 per cent net earnings, and the
holders thereof can exchange them at par for Wabash Pacific
preferred stock. The $1,000,000 second income bonds are to be
exchanged for Wabash common stock, share for share. The
$3,000,000 common stock of the Toledo Peoria & Warsaw is to
be exchanged at the rate of three shares for one of the Wabash
common stock, making $1,000,000 additional. This scheme, it
is said, will involve the issue of $2,900,000 of Wabash preferred
and $2,000,000 comraon stock.
i
FaBROART
THE OHRONJCLE.
14, lf80/|
171
OO T T O N.
the ^omxntui'iXl gimes.
Fbidat, p. M., February 13, 1880.
as indicated by our telegranw
from the South to-night, is given below. For the week ending;
this evening (Feb. 13), the total receipts have reached 119,854
Thb Movement of Tna Crop,
(JUMMEHCMAL EPITOME.
Friday Nioht. February 13, 1880.
bales, against 112,383 bales last week, 137,101 bales the previooa
There is a less buoyant feeling in commercial circles, due week, and 168,280 bales three weeks since, making the tot»l
mainly to the speculation prevailing and the consequent check receipts since the Ist of September, 1879, 8,983,518 balej, against
The shipping interest continues 3,692,189 bales for the same period of 1878-9, showing an increase
to the export movement.
since September 1, 1879, of 391,339 bales. The details of the
greatly depressed and freights very low. There is, however, receipts for this week (as
per telegraph) and for the corresponding
all
manuand
progress,
in regular trade, a good movement in
weeks of four previous years are as follows:
facturing and producing interests continue to prosper.
Receipts this w'k at
1880.
1879.
1878.
1877.
1876.
Provisions have sharply declined, owing to excessively slow
New
Orleaub*
52,104
68,967
48,730
30,696
48,499
export demands, and the apparent withdrawal of speculative
Mobile
7,474
14,089
15,014
9,683
10,674
support. Stocks here and in the West are heavy. To-day, a
Cbarleston
10,655
7,776
9,150
5,387
4,900
dull and irregular state of affairs prevailed old mess pork Port Royal, 4c
1,000
73
2,271
190
813
sold in a small way ou the spot at ?11 75@$12 new for March Savannah
15,619
18,252
13,0.58
4.514
8,569
Gftlveston
6,541
15,032
9,425
April, |12@$12 20 bid and
0,290
•was quoted at $11 95@$12 15
11,912
lodianola, iScc
95
103
410
Lard on the spot was sold at 760c. for new prime
asked.
;
;
;
Western
;
do. for
March was
Tennessee,
Florida
sold at T-52}^(fi)l 55c., do. for April
Refined for the Continent
quoted at 8c. Bacon ruled easy and dull at 6-75@6 80c. tor
long clear. Cut meats, beef and beef hams, were all quiet.
7-55@7-60c., do
for Jlay 7 700.
11,992
871
1,638
12,369
2,470
<fco
NurthCaroUna
Norfolk
City Point,
Ac
14,977
1,006
3,749
11,267
2,774
10,861
12,955
46S
435
402
2,395
7,351
1,272
2,015
14,129
1,727
8,918
723
669
13,123
Total tbls week
119.851 150,841
120,090 120,720 110,576
Dairy products ruled about steady, though somewhat less
The latest advices (Feb. 4) regarding pork-packing in
active.
Total since Sept. 1. 3,983,518 3,.592,189 3,371,969 3,407,921 3,295,251
the West state the number of hogs packed the past week were
• One duy;estliuatO(I in 18S0.
258,292, against 285,109; total at!all points, since Nov. 1, 5,476,368,
The exports for the week ending this evening reach a total ot
against 6,668,313 this time last season. The following is a com- 77,604 bales, of which 57,816 were to Great Britain, 6,109 to
parative summary of aggregate exports, from Nov. 1 to Feb. 7: France, aud 13,679 to rest of the Continent, whUe the stocks as
made up this evening are now 991,391 bales. Below are the
1879-80.
1878-79.
luorease.
Dpiii:isi\
Pork
lbs. 20,510,800
22.876,000
2,3(>.'i._'oo
stocks and exports for the week, and also for the corresponding
. .
Bacou
. .
.ll)s.218,9.')!),215
.Iba. 96,221, 2;!5
Totfil
.335,0i)l,25O
l,ard
.
216,902,126
117,551,773
37.!l<)J.!)n
week of
21,330,5.J8
397,379.899
61,698,011)
EXPORTf;i) TO-
ending
Rio coffee has been only moderately active, and at one time
Feb. 13.
showed weakness, but the close is firm at 14%@15c. for fair carN. Orl'ns
goes. A notable feature of the market during the week was
Mobile..
the shipment of 5,000 bags to London mild grades have been Charl't'n
quiet, but close steady at 13^@17c. for Maraeaibo.
Riee has Saranli.
been in good demand and firm. New Orleans mo'asses has ad- Galv't'n-i
vanced to 40@56c. for common on a good jobbing business. N. York
NorfolkForeign has continued scarce. The first sale of ne.v crop refinOthert
ing this season was at S.'ic. Raw sugar has been fairly active at
Tot. this
some decline; but to-day there was more activity in trade and
week.
the market was strong. This afternoon no less than 5,000 hhds.
;
IlhdH.
Boxes.
560
377
15.707
17,2.56
28,209
9,880
21,245
Refined sugars have latterly been
strong with crushed at 95^@9Mc.
Great
Britain.
18,265
5,689
7,951
5.051
1,334
4,387
10,450
4,686
6,109
57,816
6,109
tills
Same
Week
Week.
1879.
Total
Contlueut.
France.
1880.*
I
2,861
550
9,722
513
27,238
5,639
8,504
14,773
1,334
4,930
10,430
4,686
77,601
13,679
1879.
66,889 362,00o'378.876
6,350 62,789[ 51,382
21,983 44,289 49,657
10,336 73.569[ 78,303
13,1.55 74,576 70,391
5,9171278,382 155,017
7,421 33,786 24,647
11,169 65,000 35,000
143,2.50 991,391 816.873
Totslnoe
•Centrifugal sold at 8c. for 94 test.
Receipts since Feh. 1, 1880
Sales since Feb. 1, 1880
Stock Feb. 11, 1880
Stock Feb. 12, 1879
Stock Fob. 13, 1878
last season.
Week
9,554
4,973
6,044
more
Baes. Melado.
61,700
915
92,172
GO
598,8.53
1,107
493,304
1,810
41,271
and clo.'^e
Tea has been quiet and easy
active,
in price.
There is a demand for Kentucky tobacco to fill contracts, but no large transactions have been effected, and sales
week are limited to 500 hhds., and prices are about as
last quoted
lugs, 4@5^c., and leaf 6@12c. Seed leaf has
continued quiet, and sales for the week are limited to 808
Sept. 1.
Il511,022 222,0691526,319 2259,410 2207.0941
Figures for New Orleans (302,000) are estimated.
+ The exports this week under the head of '• other ports" include, from Baltf.
more, 2,844 bales to Liverpool
from Boston, 1,910 bales to Liverpool and
from Philadelphia, 538 bales to Liyerpool.
Since
the
above
iijriiios
were put iu type, our regular dispatch
td?"
has come to hand, showing— Receipts tor the week, 48,783 exports to
Great Britain, 22,882 to France, 6,109 to ContiuBut, 4,759 and stock
'
;
j
;
;
;
bales, all crop of 1878, as follows: 400 cases Pennsylvania, 10@
21c.; 200 cases New England, 9)2@25c., and 208 cases Ohio,
6M@14c. The demand for Spanish tobacco continues good,
-and sales are 650 bales Havana at 80e.@$l 10.
Hops are quoted irregular, the export demands are small,
and the stock here is estimated at 20,000 bales. Strictly choice
lots are selling in the interior at 34@35c., and quoted
here 37®
38c.
^avaI stores have latterly shown more steadiness in sympathy with the Southern advices spirits turpentine was quoted
at 41c., and strained to good strained rosin $1
4,")@,fl 50. Petroleum also closed steadier under improved export demands relined,in barrels, 1%a.
United certificates closed lower at $1 03
bid.
Metals of all descriptions are verv firm, with an advancing 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. Rails are quoted at $80@$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, however, can take place so long as the offerings
of tonnage are excessive. To-day business was very small,
and rates in many instances were quite nominal. Grain to Liverpool,
by steam, was
quoted at 3d., 60 lbs.; provisions taken at 17s. 6d.@20s. Grain
to Ijondon, by steam, quoted 5d do. taken
;
to Havre, by steam,
ij|c.;do. to Cork, for orders, 4s. per
qr.; do. to Passages, in
Ships bags, 4s. 736d. Crude petroleum to Bordeaux,
2s 10 32.;
refined do. from Baltimore to Bremen 2s.
6d.
;
;
to-night, 363,185.
In addition to above exports, our telegrams to-night also give
as the following amounts of cotton on shipboard, not cleared, at
the ports named.
add also similar figures for New York.
We
for the
;
,
On
Feb. 13,
Shipboard, not cleared— for
Leaving
at—
New Orleans.
Mol)ile
Charleston...
Savannah
Sal vest on....
York....
New
Other ports...
Liverpool.
France.
44.011
8,300
31.510
None.
30,1.52
4.074
800
6,100
4,800
None.
700
7,000
18,027
3,200
9,000
2,400
11, .501)
290
130
5,10!)
2.500
2,772
None.
3,000
I
None.
Other
Foreign
Coast-
109,777 252,223
14,400
48.389
37,639
6,650
23,400
.50,169
26,198
48,378
•4,330 274.052
13,000
85,786
850
1,000
1,000
Stock.
Total.
wise.
Total
90,268 35.130 59,6(11 12.690 197,755 796,636
•Included In this amount theie are
bales at presses for foreigo ports,
the destination of which we cannot learn.
I
I
The following is our usual table showing the movement of
cotton at all the ports from Sept. 1 to Feb. 6, the latest mail dates:
:
;
;
RECEIPTS SINCE
POBTS.
EXPORTED SINCE SEPT.
Other
„
France.
Great
1879.
1878.
N.Orlns 1100,681 834,024
Mobile. 302,751 295,264
Char'n* 416,005 458,678
Sav'h.. 636,601 601,534
Galv.*
392,031 460,021
N.York 128,3^0 101,002
Florida
16,696
42,687
N. Car.
93.006 114,647
Norrk* 575,325 422,573
Other.. 202,035 104,913
This yr. 3863,664
TO—
1
Stook.
(
Foreign
Britain.
Total.
491,886 147,710^131,225 770.821 350,179
4,400
51,545 67.826
40,354
6,791
113,537 12,664 127.601 253,805 46,311
148,5431 10,147 161,691 323,381 77,833
143,893 19,761 25,042 188,099 70,923
199,679 17,105 35,977 253,061 264,470
22,668
159,362
5,839
3,318
14,514
....
1,479
133,284|
28,507
164,1.59
147,828
8,480
38,335
55,750
1453,206 215,980 512,610'2181,806 980,137
!
Last ye »r
3441,318 123.i,'>17 276.838 5-l,039 2063,814 868,129
• Under the head of Charltston Is included
Port Royal, Ac: under the head of
•iatteston Is inclu Jed Indlanola, 4c.; under the head of Aor/ott U Included City
Point.
Jcc.
IHE (^HRUNK^LE.
172
speculation in cotton has presented much the same feaForeign advices, and especially the accounts
from Manchester, have been very favorable to holders, and
receipts at the ports have further diminished, so that the statis-
The
Bales.
2.100
1AM
tures as last week.
has shown but a slight increase in the visible supadvance in
ply over the corresponding date last year. Yet the
The most decided improvement
prices has been slow and fitful.
e rly in the week was in February delivery, but the greatest
a tivity was in the Spring months. On^Wednesday, however,
notwithstanding an advance in spots, with a brisk export, there
1,200,
«00
400
3,«00
1,300
aon
tical position
Thursday the market opened
weak and closed slightly lower. To-day there was a firmer
opening, but a dull, weak closing. Cotton on the spot was more
active, and prices advanced Jc. on Tuesday and l-16c. on Wednesday. The increased demand was mainly for export. Thursday there was a quiet market, and the recent advance was barely
To-day there was little doing, and the close was
supported.
2,000
1,200
000
The
bales, including
total sales foot
up
—
NEW ORLEANS.
UPLANDS.
Sat. mon Tnes
Teh. -to
Fcl). 13.
im
Mon Toes
Sat.
.
irecl
Th. Frl. WediTb.
WeA
Frl.
Tb.
SOO
11^16
111316
I2I4
I2I2
110,6 119,6
1115,6'lllB,,
1238 11238
12=8
12=8
1213l(5 1215,6;i216i(
I3I8 |13l8
8tr.L'wMidll3
|13
13
Middling... |133,6 133,6 1133,6 135,6 135,6
Qood Mid.. 137,6 137,6 137,6 139,6 139,6
Btr.G'dMidl3iti6l3iii« 1311,6 1313i6'l313i„
Mldd'gFairl 143,6 143,6 '143
145,6 1145,6
'14i»i6'l4i°,6 1415,6 151,6 15116
Fair
STAINED.
^
III16
lb.
Middling
Mlddline
IIH
III4
12
12
12
125,6
1234
125,6 125,6
113,6
12%
Frt.
12%
SALES.
OF SPOT AND TRANSIT.
S.VLES
15m 6
1114
MARKET AND
Ex-
1215,6
l3ie
135,6
139,6
13^3,8
14^16
111
"
SPOT MARKET
CLOSED.
12^
IVed Th.
lllS.H 111816 1214"
1218
1218 1125,6
129,6 129,6 '1211
Strict
Low
119,6
lllS,9
1238
Con- Spee- Tranport. sump. ul't'n sit. Total.
1
FUTURES.
|
Sales.
Deliveries.
1
Easier
Bat
973
Mon Oiiict
471
Tues Firm, at ig adv.. 1,105
Wed Steady at 1,6 ad.. 1,356
Thurs Ea.^iei2111
Fri. .iWeak
306
330
222
520
509
286
270
. .
.
.
.
Total
4,422
2.137
31
100
COO
400
400
800
400
500
1,303 129,900
713 106,800
1,656 13;. 900
1,965 153.700
497 124.200
576 88,000
"26
::::
151
6,710 734,500
3,100
The dail.v deliveries given above are actually delivered the d,iy previous to that ou wliicb tUev are reuoited.
For forward delivery the sales have reached during the week
middling or on the basis of middling), and the
following is a statement of the sales and prices
731,-503 bales (all
....1423
...14-^4
300..
100.
200..
BOO..
290..
l.'OO.
20"..
.... 14-2'^
...14-27
200.
..
14-2-1
... .
..
14-20
16,700
1
1,«00
-1210
For October.
2«).
200.
.
;oo. ...
1
I
'
100..
1110.
8,40>J
14-23
300
BOO
fOO
800
cts.
12-32
12-34
12-38
12-39
13-;o
13-71
for September.
13-5B
lS-57
...13-58
18-80
IIOO. ..
!8-6l
Olio. .. ... .13-63
13-«3
SOO....
100. .. . .. 1801
13-f5
KiO
13-67
200
.
,
1
1
200
U-48
i2-a»
12-70
12-71
12-72
(JOO
r>-4S
12-45
12-46
100
100
1,000.
.
12-48.
.
12-50
1,3J0
12-74
12-75
6,500
1-2-70
F«r December.
12-77
300.
300.
100.
100....
1.400....
12-00
12- ;h
100
400
12*34
aOO
100
12-a8.
12-32:
1,900.
12-79
12-80
20:1.
..12-82
100.
12-83
2
)0
1-2-39
10').
1281
400.
12-85
200
20O
.12-12:
6,700
12-3»
12-40
1,900
|
the
week
:
-02 pd. to excb. 100 Feb. s. n. for regular.
The following
and
will show the range of prices paid for futures,
the closing bid and asked on each day in the past week.
Futures
Sat Urdu)'.
Monday.
Market
Firmer.
Firmer.
For Day.
For Day.
Closing.
Wf'h.
Std. All-
Feb'ry
.
...
.7uly...
August.
Sepfbr.
Oetobci-
Nov'ber
Dec'ber
Tr. ord.
Closed
13-17-13-08 13-10
13-35-13-23 13-27
13-60-13-48 13-51
13-S0-13-69 13-71
13-99-13-86 13-90
14-06-1 3-97 14-00
14-18-14-09 14-10
13-63-13-56 13-56
12-73-12-66 12-66
12-40-12-32
-12-32
13-15
Steady.
—
Tuesday.
Firmer.
For Day.
Closing.
B(d. Ami-
Htah.
11 13-24-13-lD
13-40-13-28
13-63-13-52
13-83-13-72
14-01-13-91
14-12-14-01
14-17-14-09
-13-60
12-77-12-69
12-43-12-31
28
52
72
91
02
12
59
69
—
Closing.
ma. Afk
13-18 20 13-28-13-25 13-32 33
13-45-13-37 13-44 45
1331
13-54 55 13-69-13-60 13-69
13-74 75 13-90-13-80 13-89
13-93 94 14-06-13-9S 14-06 07
14-03 04 14-17-14-08 14-16 17
14-12 14 14-25-14-; 8 14-25 26
13-59 6: 13-69-13-64 13-70 73
12-69 72 12-81-12-78 12-80 82
12-50-12-43
-12-40
13-20
13-35
Stcad.v.
Strong.
lAJW.
Lr>w.
—
—
—
Futures
Wednesday.
Tbnraday.
Friday.
Market.
Irregular.
Lower.
Variable.
For Day.
Frl,
mon Toes
Sat.
Good Ordinary
Good Ordlnai'y
110,6 119,6 119,6
111516 1115,0 1115,6
1238 |123a 11238
12=8 12=8
12=8
1215,6'l215ig'l216ij
1318 11318 il3i8
135,6 |135,6 135,,
139,6 1139,6 139,,,
1313i6' 1313,6 1313,6
145,6 145,6 146,6
151,6 151,6 151,6
....14-^-.'
:t<Hi.
Bales.
100
13-159
The following exchange has been made during
Biffh.
Ordln'y.iSlb!ll7,9 117
BtrlctOrd. Illi3,gJ 1113J«
Good Ord.. 11214" I12I4
1219
Btr. G'dOrd I2I2
Low Midd'e 1213,61 1213,6
...
300
xoo.,.,.
14-01
14-10
14-11
14-12
14-lW
11-14
14-15
BOO
June...
III2
11% U'^s
123,6 123,8
127,6 129,6
12% 12T8
1215,6 131,6
1314
13)8
1313
1338
1358
1334
1414
1418
14''8
15
14-19
14-20
14-21
..
2!)0. ...
1,500
1,100
8.800
1,700
1,200
May
1138
...
...
200
April ..
men. Taea
Sat.
1138
1138
1138
....1418
....
For Aueast.
March
TEXAS.
1138
ll>a
11% 11% 11% ll's 11%
11«S
Good Ord-. I211, 12m6 123,6 123,6 123,6 125,6 123,6
Btr.G'dOrd 125,, 125i« 127,6 127,6 127,6 129,6 127,6
Low Midd'p 1258 125e 12% 12% 12% 12'8 12%
Btr.L'wMid 12i3ie 1213i' 121»i( 1215,6 12i6ie 131,6 1216,6
I3I8
1318
Uid<Uing.. 13
13
13% I3I4 13^8
I3I4
1338
1338
1338
1338
Good Mid
I314
13>a
I3I3
13=8
13=8
13=8
Btr. O'd.Mid I313
13% 13=8
1418
14
14% 1418 I414 1418
Midd'g Fair 14
14 '•s
Fair..
14% 14'8 U~8
15
143l
Ordln'y.^^lb 1114
Strict Ord.. U^s
400.
foo.
17,(00
quotations and sales for each day of the past week:
official
14-00
14-07
14-08
14-09
14-10
14-n
141S
1419
100
Of
in transit.
2,137 for consumption, 151 for speculation, and
the above, 225 bales were to arrive. The following tables show
the
1.700
1.000.
....14-17
XXX
For NoTemlier.
CtB.
3)0..
VOO..
200.
....14-lfl
'70O. ...
It-U
6,710 bales, including 4,423 for export,
week
U-(H
1405
Bales.
Cts.
1,,5)0
14-12
700
middling uplands.
forward delivery for the -week are 734,500
free on board.
For immediate delivery the
this
Bales.
14-15
14-1«
500
3-16c. for
total sales for
ctr.
14-02
14-03
....li-ll
1,000
100.
1,000
•was a general decline in futures.
nominal at 13
[Vol.
Low.
Silt. Asl-
Feb'ry. 13-39-1329 13-27
13-50-13 35 13-37
Marcli
April... 13-73-13-58 13 61
May . 13-9213-78 13-82
June... 14-09-13-98 13-99
July... 14-19-1407 14-09
August. 14-29-1416 1417
13-70-13-60 13-00
Sept
October 12-8.5-12-71 12-75
Nov.... 12-.50-12-3S
Dec'ber 12-4213-30
Tr. ord.
Steady.
Closed
.
.
Jligk.
—
—
.
.
For Day.
Closing.
13-32-1320
13-41 13-29
62 13-63-13-53
83 13-83-13-73
*
14-0013-92
11 14-11-14-02
19 14-18-14-09
63 13-60-13-56
77 12-77-12-75
AMk
13-22 23
13-32 33
13-56 57
13-77
13-94
14-04 14-12 14
13-59 63
12-75 80
Bid.
—
—
12-42-12-38
12-39-12-34
13-25
—
Closing
IMW. Bid. A'k
13-26-13-22 13-22 23
13-38- 13-29 13 29 30
13-61-13-53!l3 53 59
13-82-13-73ll3 73 74
13-99-13-92 13 9193
14-09-1 4-01 14-01 03
14-1714-12 14-09 11
13-61-13-60 13-55 58
12-80-12-75 13 74 77
12-48-12-45
-12-36
13-25
Quiet, .steady.
flii.'A.
—
Fimi.
.
For Day.
Closing.
Low.
« 14-01.
Short notices, February: Saturday,
13-13; Tuesday, 13-23S13-24.
13-15-3il3-08;
Monday, 13-22'®
The VI8IBLE Supply op Cotton, as made up by cable and
The Continental stocks are the figures
telegraph, is as follows.
of last Saturday, but the totals for Great Britain ar.d the afloat
for the Continent are this week's returns, and consequently
brought down to Thursday evening; hence, to make the totals
the complete figures for to-night (Feb. 13), we add the item of
exports from the United States, including in it the exports of
Friday only.
1880.
1879.
187S.
1877.
Stock at Liverpool
Stock at London
Tot.al
Stock
Stock
Stock
Stock
Stock
Stock
Stock
Stock
Stock
at
at
at
at
at
at
at
at
at
bales
Great Britain stock
.
Havre
Marseilles
Barcelona
Haramug
Bremen
485.000
36,950
458.000
58,500
553.000
12,250
846.000
32,750
52 1 ,950
62,100
2,300
19,158
1.300
516..500
570.250
179,250
4,750
31.500
7,500
34.000
30.750
11.000
7.250
7,750
878.750
127,750
3,000
8,250
2.500
10.750
29.750
8.500
2.250
6,000
392,750
8.030
22,800
1,200
599
2,932
1
Ainsterdiim
Kottcrdam
Antwerp
other conti'utal ports.
174000
3,500
65.500
13.000
42.750
67.500
10.500
5.500
10,500
:
For February.
Bales.
Cts.
100 8.Il.llthl,S-08
800
13-OS
13-10
200
13-14
100
200 t.T1.9.h. 13-15
1,000.
l:i-11
1318
aOO
800.
.t.
800
.
12,700....
21,-^00...
..
10,:<00. ...
....l:i-:10
17,100
1 1 ,4iX)
....13-31
14,M)0
11,000
6,800
.... ....l.i-:)2
...13-33
14,800....
1-2.000 ..
8,400....
....18-34
9,'.i0ii.,..
...)3-3i
13-30
13-3
4,900....
1,800. ..
2,100...
B,.')00..
13-3-4
2,f.00...,
13-89
13-10
SOO.
13-21)
8,300. ..
17.500...
ll.liOO...,
W-ll
1.V21
100 8.n.lOthl.T-22
13-^2
900
100 8.n. l2lhl3-23
13-23
900
100 s.n.l2tQ13-24
13 -.i4
600
800
13-2i
800
I3-i-l
13-27
100
1,000
la-i-i
600
13-2)
7.000
10.800
4,000. ..
l.im)....
3,400. ..
6,000....
300.
2.100
2,300
1,20)
1.3-42
13-43
13-44
13-45
lM-10
13-4
...13-4^
13-49
iLXiV
500
154,800
mo.
i3-;jo
SOO
13-32
1,100
I3SS
1,700..
13-4'*
13-31)
4,300
13-40
13-50
800.
For April.
3,700.
li,«0O
•SOO
1,4
K).
1,'iOO
2,110
.iCO
..
1.S23
13-24
13-25
i3.g|
13-2?
.
,.
1851
i;,200. .
9,600...
6,300
For March.
.
900,
13- .-11)
13-61
...13-62
....13-63
....13-64
.. .13-63
1,000...,
2,600...
1,300...
13-90
..
.
700.
13-69
13-70
VOO...
40O...
For June.
... 1-1-71
2110
.13-72
13-73
.,
13-fi9
.,.13-73
Il-.IOO
..13-74
30,600
..l:>-75
12,600
7,600
..13-76
6.600
7,000
10,300
li-78
17.400...
13 58
0,I0«
12,500...
11,100...
1.3-.'i7
2,400.
13-58
1,900
10,800.
..13-70
..13-71
I
i
.13-
..13-77
.
..l3-;9
,.;3-8n
..
.
11.4011. ...
10,700.....
12,000.. ..
...IS-^-O
...!3-!)l
VtfiOO...
S.SOO..
...11-92
6,400
2,5CC
3,H0O
1,300
...13 94
...13-'.).j
....13-110
....13-97
8.700.
lO.oiO...
10,101...
^,200...
3,700.
1,-00...
1,600...
1,200..
600..
1,300
...18-1.13
.
1,100...
.
..1308
..
13-99
....14-00
....14-01
....140-i
...14-113
....14-04
..
1405
...14-06
....1408
...14-UU
S:'3,800
... 13-1-8
.
.
...
13-81
.13-52
...13 67
..
18-^4
13-83
..13 86
..13-07
Total continental ports....
130,419
198,750
313.750
Total European stocks.. ..
India cotton afloat for Europe.
Amer'n cotton afloat for Em-'pe
Egypt.Bi-azil.&c.afltforE'r'pe
Stock iu United States ports ..
Stock ill U. 8. interior ports.. .
United Stf tes exports to-day. .
652,369
88.469
715.250
78.000
667,000
18.000
840.873
119.771
23,000
881,000 1,271,500
91.000
133,000
629.000
618,000
35.000
55.000
915.791
891,814
136.470
96,290
19.000
6,000
508.0.80
37,028
991,391
195.906
9,000
13-80
..
,...13-.-H
],«00.
For May.
8,200.
13-sll
la-il2
185,800
13-.16
13-117
18-0-I
4,600
2,210
15,700
6.600
2.3,01)0...
.
Cts.
13-38
1,.300...,
230,300
13-52
13-53
13-J4
13-53
11.4')0.
1,3 0...,
13-110
.,
2,400...
3,400. ..
Bales.
Cts.
lo-cU
..
..
12.800....
iOat.n
4
Bales.
13-28
....13-29
13-17
13-18
13-19
800.
100g.n.l0thl3'2)
900
Bales.
3.100
2.200
For July.
400
300
13-07
14-00
200..-
n-01
Total visible supply
2,485.243 2,467.894 2.710,2i)l 3.071.604
Of the above, the totals of American and other desoriptious are as
follow.s
A mcncan
—
Liveii)ool stock
Coutliieutal stocks
American afloat for Eui-ope
United States stock
United States interior stocks..
United States exports to-day..
Total American
East Indirin, Brnz'U,
Li verpodl St ock
335,000
160,000
607,000
84C.873
119,771
23,000
39.5.000
257,000
629,000
915,791
136,470
19,000
550.000
300,000
618,000
891,814
96,290
6,000
..2,152.377 2,151,644 2,352,261 2,462.104
rf-c.
London stock
Continental stocks
India afloat for Europe
Egypt, Brazil, <fcc., afloat..
Total East India,
Total American
368,000
107,000
508,080
994.391
195.906
9.000
&c
Total visible .snppl.v
Price MU'. Up]., Liverpool
.
.
117,000
36,950
23.419
88,169
37,028
123.000
58.500
38,750
78,000
18,000
163.000
12.250
91.000
35,000
296,000
32,750
92,750
133,000
55,000
302.866
316,250
358.000
609,500
50,7.50
.2,182.377 2,151,644 2,352,261 2,462,104
...2,485.243 2,467.894 2,710.261 3,071,604
7ia.I.
538.V.
eisd.
Uili6d.
i
Febudaby
THE CHRONICLE.
1680.]
14,
aa increase in the cotton in sight tocompared with the same date of 187a,
a decrease of 235,013 bales as compared with the corresponding
date of 1878, and a decr«a«« of 58(5,361 bales as compared with 1877
In tlie preceding visible supply table we have heretofore only
The above
night of
fiffures indicate
bales as
17,:^ t>
tlie interior stocks at the 7 original interior towns.
did not have the record of the now 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 following comparison, which Includes the stocks at the 19 towns
included
As we
given weekly In our table of interior stocks instead of only thf
old 7 towns. We shall continue this double statement for a
time but finally shall simply substitute the 19 towns for the 7
towns
in the preceding table.
1880.
Amertcnn—
1879.
1878.
1877.
395,000
bales
SfiS.OOO
107.000
333.000
100,000
2,^7,000
Aniiruii.iall...it to Europe....
Uiiiteiiscil,-. stock
Uultud States iiitoilor stocks..
.J08,030
0(57,000
6a!),00L)
994.301
8HI.873
Ol.".,?!.!
34.^.975
190.7«:>
233.10:5
550.000
300,000
OIH,000
891.811
171.977
•United States exports to-day. .
9,000
23.000
19,000
6,000
lilverpool stock
Contiiicntia Btoeks
2,332,110 2,222,033 2,113,S91 2,510,791
Total Amprican....
ICasl tnilian. Uracil, etc.—
LlvenwJl 8t()<:k
London stock
117.000
123.000
3(),9.j0
33..500
38,7.50
;
23,119
83,109
37,028
•ContiniMital stocks
•Indiii iitloiit for Europe
Egjiit, Brazil, &»., afloat
163.000
12,250
56,7.50
91.000
35,000
73,000
18,000
296,000
32.750
92,750
133,001)
55,000
3l6,2i0
353,000 609,.'J00
2,332,148 2,232,633 2,113.891 2,510,791
Total E.ist India, &c
Total Amerlcau..
3O2,S(>0
2,033,312 2..V33,3S8 2,306,891 3,1.50,291
Total visible supply
These figures indicate aniiicrease in the cotton in sight tonight
of 90,434 bales as compared with the same date of 1879, a
•decrease of 171,5S2 bales as compared with the corresponding date
of 1878, and a decrease of .514,079 bales as compared with 18T7.
At the Intbrior Ports the movement —that is the receipts
and shipments for the week, and stocks to-night, and for the
•corresponding week of 1879— is set out in detail in the following
statement:
&.agusta, Oa...
Columbus, Ga..
Macon, Ga
Moutgoraory, Ala
Bolma, Ala
Meiiiphta,
Tcnn
Nasliville.Tenu.
Total, old ports.
Week ending Fob.
13, "80.
Receipts Sliipm'ts
Stock.
3,213
1,631
6,101
425
1,753
3.612
2.729
3,.500
Week
eudins? Feb. 14, '79
Receipts Sliipm'ts Stock.
14.002
19,410
3,837
8,919
11,873
122,317
15,133
I
i
2,093
1,776
4,339
478
972
3.225
1,260
3,320
1,763
5,030
2.130
25,018
1,491
1,201
11,153
2,223
12,629
21,310
32,471 195,906
24,115
5,100
1,236
1,812
,
i
3,6.56
1,415
10,113
10,253
3,855
6.733
5,121
63,232
11,714
42,506 119,771
..
1,.500
700
750
350
860
787
906
Btrevoport, La ..
Vicksburg, Jliss
Columbus, Miss.
Eufaula, Ala....
2,8'Jl
4.512
5,733
1,131
11.903
7.000
3.361
3.633
2,723
13,363
4.804
1,317
81.909
10,601
4.070
5,756
5,384
5,511
433
633
533
892
563
837
1,846
1,305
1.003
7,307
6,003
2,355
2,309
1,750
3,160
1.611
6,103
3.081
813
9,986
875
30.611
Dallas, Texas*.
Jefferson, Tex
Grilfln,
Ga
Ga
Atlanta,
Rome, Ga
Charlotte, N. C.
Bt Louis, Mo...
Cincuiuatl, O...
5,100
479
393
223
1,302
1,695
1,033
11,108
4,570
1,122
632
170
719
1,612
332
10,215
4,102
I
1.331
3,073
3,107
1,7 k;
6,618
6,973
Total, new p'rts
32,395 150,009
32,100
37,001
70,991
Total, all
65.066 i315.973
56.215
79,567 190.765
TUis yoar's Hgures estimated.
The above totals show that the old interior stocks have
decreased during the week 11,131 bales, and are to-night 76,13.5
bales more than at the same period last year. The receipts at the
towns have been 2,775 bales ^esij than the same week last
year.
Receipts prom the Plakt.vtioss. The following table is
prepared for the purpose of indicating the actual movement each
week from the plantations. Receipts at the outports are sometimes misleading, as they are made up more largely one year
reach,
than another, at the expense of the Interior stocks.
therefore, a safer conclusion through a comparative statement
like the following
*
ame
—
We
KEOEIPTS FROM PLAJ(T.\TIOSB.
173
1. That the total receipts from the plantations since Sept. 1 in
1879-80 were 4,3i2, 192 bales; In 1878-7il were 8,777,308 bales; in
1377-78 were 3,591, .590 bales.
2. That although the receipts at the out ports the pa.st week
were 119,854 bales, the actual movement from plantations was
only 107,913 bales, the balance being drawn from stocks at the
Last year the receipts from the plantations for the
Interior ports.
9»me week were 137,439 bales, and for 1878 they were 113,485 bales.
—
Wbathkr REP(,mT8 BY
less rain in
TELEouAi'n. 'I'here has been moro or
most sections the past week, and as It closes there ia
a severe 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 needing more badly. Average thermometer 5!:', highest Ti, and lowest 41.
— We
have had mists on four days, and the
Indianola, Texat.
balance of the week has been cloudy. The thermometer has
ranged from 40 to 73, averaging 50. Farm prejiarations active.
The rainfall for the week is fifty hundredths of an inch.
U&rsicana, Texas. There have been fogs on two days and killing frosts with ice on two nights during the past week. The thermometer has averaged 58. with an eitreme 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.
have liad showers on two days, the rainDcMas, Texas.
fall reaching fifteen hundredths of an inch, but they were not
muoti
good,
and more rain is wanted. There have
enough to do
—
— Wo
been killing frosts with ice on two nights. Average thermometer 58, highest 76, and lowest 33.
Brenham, Texas. Tlie weather Las been cold and dry all the
week, the thermometer averaging 55, and ranging from 40 to 71.
—
Plowing
is
progressing.
—
NciB Orleans, Louisiana. Rain has fallen on two day.«, to a
depth of nineteen hundredths of an inch. The thermometer has
averaged59.
The weather during the week has
Shreveport, Louisiana.
been dry, and roads are in fair condition. Cotton is coming in
The tlie'rmoraeter has averaged 54, the extreme range
slowly.
having been 35 to 73, and the rainfall has reached twenty-one
—
hundredths of an Inch.
—
—
Telegram not received.
Vickshurg, Mississippi.
Columbus, Mississippi. The earlier part of the past week was
clear and pleasant, but during the latter portion it has rained on
two days, the rainfall reaching twenty-four hundredths of an
The ihenuometer has ranged from 44 to 70, averaging 57.
inch.
Wednesday and Thursday of the past
Little Rock, Arkansas.
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.
Rain has fallen on two days the past
JVashville, Tennessee.
week, to a depth of two inches and eighty-three hundredths.
had an
Average thermometer 43, highest 63, and lowest 15.
unusually severe storm last (Thursday) night— a tornado.
had a heavy rain this (Friday) mornMemphis, Tennessee.
'1 he thermometer
has ranged from 48 to 60 during the
ing.
week, averaging 51.
Mobile, Alabama. It has been showery two days of the week
and rainy to-day, the rainfall aggregating twelve hundredths
Average thermometer 57, highest 71, and lowest 37.
of an inch.
Montgomery, Alabama. The earlier part of the past week
tlie we-ither 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.
The earlier part of the week was clear and
Stlma, Alabama.
pleasant, but it has rained on two days during the latter parton 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
58, and the lowest 33.
Macon, Georgia. There has been no rainfall during the past
week, but it is now (Friday, P.M.) cloudy. The thermometer
has ranged from 39 to 77, averaging 51.
have had no rainfall during the week.
Columbus, Georgia.
—
—
We
— We
—
—
—
—
—
— We
The thermometer has averaged
38 to 71.
53,
with an extreme range of
—
Savannah, Georgia. We have had rain on three days, the
reaching fifty-nine hundredths of an inch, but the balance of the week has been pleasant. The thermometer has
ranged from 40 to 73, averaging 55.
Augusta, Georgia. During the earlier portion of the week we
had a light rain on one day, the rainfall reaching thirty hundredths of an inch, but the latter part has been clear and pleasant.
Average thermometer 52, highest 78, and lowest 30.
Planters are sending cotton to market freely, the crop of this
section being now nearly all in,
Charleston, South Carolina.— VTe have had rain during the
past week on one day, the rainfall reaching eighty-five hundredths of an inch. The thermometer has averaged 53, the
highest being 72, and the lowest 37.
The following statement we have also received by telegraph,
showing the height of the rivers at the points named at 3 o'clock
Feb. 13, 1880, and Feb. 13, 1879.
rainfall
Week
ending—
•ct. 17..
Not.
1877-73 1878-79 1879-80 1877-78,1878-79 1879-80 1877-78 1878-79 1879 80
135.051 180.2.33 181,714
St..
182.238
31..
177.338 157.280
19,3,778 183.874
7..
14..
21..
28..
S..
la..
19..
J6..
4an.
Receipts at the Ports. Stock at Inter'r Porta Rec'ptsfrom Plant 'na
2..
»..
16
.
!»..
30..
13
191,571 176.004
800.960 181.376
58.746
81.227 151,908 180.00 194.028
214.461 80,374
95,993 179.238 180.526 329.237
245,013
115.735 202,776 174,427 205,:»5
105,814J115.0»4
225.081 126.6201 119.498 133.905 319.582 217,338 343,357
280,216 132,403 174,583 137,126 200.354 201.089 273.437
218.408 136,941 188.491 218.998 205,518 195,284 350.380
172,218 184.625 W9.152 157,082
174.365 220.748 316,167 169,073
202.805 220,291 234,876 186,665
231.594 204.882 213.907 226.559
224,834 199.981 207.601 261,876
79.597
97.887
205,912 264.183 192,357 202,046 394.337
236.280 287.109 186.358 231,116 239,093
259.120 317.468 319.397 243,140 385.2:)5
280,957 343,503 272.488 228,710 244.913
294.281 364,928 259,951 213,305 229.024
1S5.755 143,155 154,306 253.239 281,6»»
142.099 121,091 149,486 i3«.293 253,647
153.727 118,613 129,4.89 237,3801233.236
184,059 14,S.648188,28oi242,018[21H.585
355,943 157,118 130,508 145.333
349,859 125,153 93.104 143,402
3S2,833 154,814 98,302 132,013
358.074 168,692 ias.997
159.186 167,097 137,191 244,494 220,935 361,880 181.667 189.44
137.138 171,608 n2,303l840,708|214.117;337,010 133.352 164.700
120.090 150.fMI lin,.'iM'233 103 19n.7lt5l345,«7K ll?4>i.'-. 1*>7 4ft9
Tto akOTe
^^tatet^est sfeoTrs—
—
Feb. 12, '80. Feb. 13, '79.
Feet. Inoh.
Feet. Inch.
173.071
140.997
New
108,899
Memplds
Orleans
^"1 Nashville
Shreveport
inrnv!
Tloksburit
Below high-watermark .
Above low-water mark..
Above low-water mark..
Above low-water mark..
Abor* low-Trater mark..
.
3
14
81
4
30
6
S
3
26
14
5
8
39
9
11
10
Missing.
^
THE CHKONICLE.
174
COMPABATiVB Port Rbckipts and Daily Crop Movkmbnt.—
accurate,
AoompariBon of the port movement by weeks is not
same day of tlie
the weeks in diEEerent years do not end on the
other standing
We have consequently added to our reader
month
may contables a daily and monthly statement, that the
the exact relative
stantly have before him the data for seeing
at
movement for the years named. First we give the receipts
M
each port each day of the week ending to-night.
rORT RBCEIPTS FROM SATCRD.^T, JAN. 31, '80, TO FRIDAY, FEB.
D'ys
New
of
Or-
we'k leuns.
Char- Savan-
1
bilo.
nali.
leaton,
Bat.
1,482| 1,300
Mon
3,262
1,886
20,600
Tnes 3.790
Wed 9,540
Thur 8.283
Frt.. '8,000
Tot. 52,104
"
940
305
1,418' 1,330
Gal-
Nor-
vest'n.
folk.
803
2,478
2.831
2,142
2,059
2,804
3,305
1,540
848' 1,218
159| 1,448
The movement each month
BeceiptH.
Bbpt'mb'r
October.
Movemb'r
Decemb'r
January
1,455
1.003
1,116
1,037
1,092
1879.
1878.
333,643
888,492
942,272
956,464
647,140
288,848
689,264
779,237
893,664
618,727
1,890
2,950
2,058
1,467
2,010
1,994
936 17,035 119,854
1876.
98,491
578,533
822,493
900,119
689,610
73-52
236,868
675,260
901,392
787,769
500,080
1875.
1874.
169,077
610,316
740,116
821,177
637,007
134,376
536,968
676,295
759,036
444,052
7105
72-94
the different years.
1879-80.
10,000
1877-78.
1875-70.
1876-77.
1874-75.
3,983,518 3,562,591 3,340,283 3,362,403 3,196,630 2,752,815
Peroentag e of total
80-10
y'rtree'D t8 Fcl>. 13.
76-86
83-27
76-27
78-72
This statement shows that the receipts since Sept. 1 up 10
to-night are now 420,9'37 bales more than they were to the same
day of the month in 1879, and 643,335 bales more than they
We add to tbe last
of the month in 1878.
table the percentages of total port receipts
received to Feb. 13 in each of the years named.
same day
which had been
India Cotton Movement vrou all Ports.— The figures
which are now collected for us, and forwarded by cable each
Friday, of the shipments from Calcutta, Madras, Tuticorin, Carwar, &c., enable us, in connection with our previously-received
report from Bombay, to furnish our readers with a full and
first give the
complete India movement for each week.
Bombay statement for the week and year, bringing the figures
We
February
1<),000'
64,000
14,000
7,000
6,000
45,000
22,000
8.000
3,000
26,000-
78.000
13,000
67,000
11.000
121,000-
95,000
Alexandria, Egypt,
Feb. 12.
1880.
Receipts (cautars*)—
This week
Since Sept. 1
1879.
1878.
75,000
3,050,000
Since
This
week. Sept. 1.
50,000
1,425,000
45,000
2,369,00O'
This
Since
week. Sept. 1.
This
Since
week. Sept. 1.
Exports (bales)—
To Liverpool
14,000 219,500 10,000 121,000
3,488 125,757
3,000 52,500
ToCootiueut
Total Europe
A cantar ia 98
5,000 184,000
7,000 121,000
19,488 343.237 13,000 173,500' il2,000 305,000lbs.
This statement shows that the receipts for the week endingFeb. 13 were 75,000 cautars, and the shipments to all Europe
19,483 bales.
Manchester Market. Our report received from Manchester
to-day (Feb. 13) states that prices of both twists and shirting»
have again advanced slightly, the quotations now being lli@
llfd. for twists, 7s. Gd.@8s. Cd. for shirtings; our report further
states that the tendency of the market is quieter.
leave
previous weeks' prices for comparison.
—
We
1878-79.
Tot.Jn.31 3,768,011 3,269,740 3,089,240 3,101,969 2,977,753 2,550,727
11,093
20,001
23,468
28,493
36,304
S.
Feb. 1....
17,152
« 2....
20.117
22,487
S.
19,795
22,580
15,618
" 8....
25,710
28,011
8.
23,729
20,354
16,721
- *,...
17,034
35,541
S.
38,564
15,208
- 5....
21,171
19,076
20,000
28,732
15,58'2
23,999
14,337
" 6....
8.
22,343
25,353
23,378
21,929
S.
•
17,146
20,332
16,653
25,634
7....
11,280
• 8....
27,461
19,637
26,011
24,175
22,800
8.
'
15,578
25,768
14,452
15,100
S.
9....
34,435
" 10....
20,1S4
10,994
S.
15,706
34,476
12,915
19,0j.=i
26,965
16,817
"11....
19,174
S.
18,057
" 12....
14,124
22.370
23,261
29.047
16,269
17,632
" 13....
20,075
24,479
8.
15,019
21,018
25,523
to the
Since
Jan. 1.
1.
2,977,753 2,550,727
76-82
71-08
1878.
This
week.
Since
Jan. 1.
Alexandria Receipts and Shipments. Through arrangements we have mada with Messrs. Davies, Benachi & Co., of
Liverpool and Alexandria, we shall hereafter receive a weekly
cable of the movements of cotton at Alexandria, Egypt.
The
following are the receipts and shipments the past week and for
the corresponding weeks of the previous two years.
*
31
This
week.
—
•iniB statement shows that up to Jan. 31 the receipts at the
mrts this year were 498,271 bales more than in 1873-79 and
By adding
678,765 bales more than at the same time in 1877-78
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
to
from—
Since
Jan. 1.
years up to date, at all India ports.
i,703,011 3,269,740 3,039,246 3,101,96
Ife<elpt8 Jan.
down
This
week.
Bombay
,
since Sept. 1 has been as follows
1877.
1879.
1880^
Shipments
Kurope
to all
13, '80.
Per«'taije of tot. port
were
exports to EUROPB FROM ALL INDIA.
Total
Year Beginning September
Monthly
Total
as follows.
This last statement affords a very interesting comparison of the
total movement for the week ending Feb. 12, and for the three-
7,474' 7,776 15,619 "6i5"41 12,369
Estlnmteil.
Tot.year
For the whole of India, therefore, the total"
last year.
shipments this week and since January 1, 1880, and for the
corresponding weeks and periods of the two previous years, areof
All other ports.
Mo-
XXX.
[Vol.
12.
BOJinAY RECErPTS AND SHIPMENTS FOR FOUR YEARS.
1878-79.
1879-80.
328 Cop.
8i4lbs.
Twist.
Shirtings.
d.
Deo. 12
" 19
" 26
Jany. 2
•'
9
" 16
" 23
" 30
Feby. 6
"
13
d.
s.
d.
8.
10i2®8
lOHialOSs
10 ® 10-^8 6 9 '<z)3
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10i2®10'8 7
lOiaSlO-'e 7
10^2311 7
11 ®llflt 7
9
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Cott'u
Mid. 328 Cop.
Uplds Twist.
d.
d.
a.
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d.
3
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4-'8
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6K!,„ 7=8»8'4 5
1^ 7
d.
8l4lb8.
Shirtings.
71, «
8.
7%S8i2 5 6 ®7
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7i3®7 7>2 55,8
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5
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5I18
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5618
—
5%
538
69,6
BoROPBAN Consumption. By cable we have Messrs. Ellison &
consumption up to February 1, and in our editorial columns will be found an editorial in which they are
embodied. The results reached will be of interest to our cotton
Co.'s figures of
readers.
m
& Co.'s Annual Cotton Cihcclar will also be found
our editorial columns.
Gunny Bags, Baooing &c.— Bagging is not in demand at the.
moment, and but few parcels are being taken. There is only »
Ellison
full in
jobbing inquiry reported by dealers, who are firm as to price,
and no disposition is shown to accept less than <iuoted figures,
which are 9%c. for 1% lb., 10>^c. for 2 lb. and ll^c. for
standard grades. A better demand is looked for later on. Jute
butts have come to hand more freely, but most of the lots were
placed before arrival. But little was done until to-day, when
sales to the amount of 3,000 bales were made at 3@3 l-16c., the
market closing firm at this figure, while spinning qualities are
held at 3 3-16@3 5-lGc.
—
Shipping News. The exports of cotton from the United
States tha past week, as per latest mail returns, have reached
77,389 bales. So far as the Southern pojts are concerned, these
Brit'n. nent.
Week.
are the same exports reported by telegraph, and published in
1880 5,000 5,000 10,000 26,000 33,000
64,000 27,000 116,000
With regard to
York, we
the Chronicle last Friday.
1879 7,000
7,000 24,000 21,000
45,000118.000
87,000
1878 3,000 5,000 8,000 28.000 67,000
95,000 27,000 172,750 include the manifests of all vessels cleared up to Wednesday
1877 15,000 27,000|42,000 56.0001 43,000
99,000l24,000 128,000 night of this week.
Total bales.
According to the foregoing, Bombay appears to show an increase
To Liverpool, per steaniera England, 685
City
compared with last year in the week's receipts of 9,000 bales, and New York—
of Chester, 005
Arizona,
City of Richmond, 623
an increase in shipments of 3,000 bales, and the shipments eince
2,000.... Scythia, 574
4,387
To Bremen, per steamer Neckar, 543
543
January 1 show an increase of 19,000 bales. The movement at
OrleansTo
Liverpool,
steamers
Or.ator,
3,000
per
New
Tuticorin,
Calcutta, Madras,
Car war," &c., for the same week and
Jamaican, 4,100
per ships Morning Star, 4,216....
yeare has been as follows.
Victery, 5,461
per bark Empire of Peace, 5,470
22,247
3.420
To Havre, per steamer Ayton, 3,420
<UIX;UTTA, MADRAS, TUTICORnT, CARWAK, RANGOON AND KURRAC HBE.
930
To Genoa, per brig Plod, 930
Shipments this week.
Naples,
Mobile—To
per schooner C. M. Newins, 1,300
1,300
Shipments since January 1.
To
Liverpool,
barks
Osmond
O'Brien,
2,338
Charleston—
per
Tear.
Great
C!ontlGreat
ContiUpland and 242 Sea Island
Ponema, 1,850 Upland and
Total.
Total.
Britaln.
nent.
Britain.
nent.
197 Sea Island
4,627
Johanne
To Bremen, per barks Galveston, 2,275 Upland
1880
8,000
6,000
Marie, 2,100 Upland
4,375
14,000
1879
2,000
4,000
6,000
14,000
8,000
per
To Barcel(itia, per bark Tres Auroras, 1,250 Upland
22,000
1878
3,000
3,000
11,000
15,000
2,760
brigs Fi-afucisco, 620 Upland. .. Lcaltad, 890 Upland
26,000
1877
12,000
12,000 Port Royal— to Liverpool, per bark Ilusih Cann, 3,644 ITpland. 3,644
2,92«>
The above totals for this week show that the movement from Savannah—To Liverpool, per bark Athlete, 2.926 Upland
Schiller,
To Bremen, per barks Atalanta, 2,075 Upland
(he ports other than Bombay is 6,000 bales (esa than same
week
4,243
2,170 Upland
Shipments thia week
Year Great Contl-
BMpmentB
Great
Total. Brltain.
since Jan. 1.
Contlnent.
Total.
Receipts.
This
Since
Jan. 1,
New
FEBRtJAKT
.Savannah
THE CHRONJ(JLE.
14, 1880.]
Total Bales.
1,400
(contlniiLMl).
ToClicnt. ptirlinik Kdwin, 1,100 Upliiiiil
To Gollieiibiiit,', per Imrk Kllida, l,l'.i« Uplaud
l,lii(l
|)<!r Oiirk Atlautio, 1,(>0() Upluud
iior barka
I.ivrrpool, per ship Afltrucuiia, 4,103
Pomona, l,:)!)r)....Hicn, 1,200... per brig Azlia, 016
To lircuiou, JUT bark Stijpliaiile. 1.00!)
NOHKiiLK— To Llvcriiool, per ship Kiir.vdice, 4,201
To
The tone of the LlvoriKml inarkit for spots and futures each day of the
week ciidliig 1-eb. 1 J, and tlio daily closing price* of •pot cotton, Imvo
been as
1,00!)
4,'.i0l
2,121
1,300
Iowa, 9«
....CaiiopiiH, 1,281
1,19!)
I»uiLAi)Ki.rillA— To Liverpool, per Htvainer ludiaiia, 120
125
Saturday Monday. Tuesday.] Wodnes. Tbnrwl'r
tfpot.
7,001
Bai.ti.mokk— To Liverpool, per steaiuorn Cagpiuu, (addltioual)
—
folltjWH:
1,000
(Jcnoii,
Texas— To
,
ClrcasHlan, l,:!til
TOO
To liremeu. per Bteaiiier f )hio, 1 ,300
B08T0.N—To Uverpool, per Hteaiuers Olyiupiw, 122
Market,
cot, I
Uarden'g.
12:301'«]
7 '4
Mid. Upl'ds
Jpl'de
Mid. Orrns,
)rrn8,
7!<li
Market.
*ct.
5 P.
Total
The
77,:tS!)
particulars of theae shipmeats, arranged iu our usual
form, are as follows:
Liveri>ool.
BrcGothcn- Barcc- Oenoa
Havrc. men. Glicut. burg. loua. Naples.
JfewYork... 4,;w7
N. Orleaus.. 22,247
Mobile
•Cliarlestou
.
....
....
4,215
1,000
7,()()4
4,201
2,121
.
Baltimore
Boston
4,375
•J.!l2(i
.
Norliilk
....
....
....
.
.
1,400
1,126
930
28„'')!)7
1,300
11,762
3,044
1,000
11,2!)7
S.lilli
4,201
3,421
....
1.300
....
Totiil.
4,!i3l)
1,300
2,700
3,014
Port Koyal.
Bavaiinah ..
Texas
3,120
4.1)27
.
548
....
1,41)9
1,49!)
123
125
i'lilladelphia
3,120 11,472 1,400 1,126 2,700 3,830 77,3B9
Below we give all news received to date of disastais to vessels
carrying cotton Irora United States ports, etc.:
No date— .Schooner lOarl P. Mason, Niikerson, at Fall River Feb. 1. from
Mobile. reportH Wlien some ten milc^s southward of the TortnKa.s,
fell in wltli a (pnintity of cotton adrift. an<l in pa^<.sing IhrouKb it 31
1)h1c8 wore pieked up. The baiCH have the appearance of havlnj,'
been afloat some time, as tliey are much worn by the action of the
water and nuirks all washeil olf.
No dJite— (^n several of the 52 IjalcH <'Ottou taken into Key West by tlie
schooner Pioneer, is the mark "Anderson & Simpson, New Orleans," and the followiuf.' marks can lie made oul on twelve bales:
Total... 53.381
:
a S(|uare)— DIC-TOH; PVG— B .MS; NOUDKX; NoI", a
O below LKS; WAG. Other marks are washed oil'. Tliccotlou
was picked up near Cnrdeuas. Another scliooner picked up about
20 l>»les near Bimini and carried it to Nassau. A brig was seen to
G P O— N(in
bad more not known. That token
to Key West was con»i>.'iHcl to M. Warren.
No date— Schooner t'arleton jiicked up three bales of cotton at sea while
on the trip from Nassau to Wilnnngtou, N. C.
City of Macon (steamer), at New York fioni Savaunali. reported
Jan. 31, 2 P. M., otl'Maitin's Industry, discovered tiro in upper between decks among the cotton liales; got four streams of water
on the tire and threw overboard about 40 bales of cotton and some
other freight, wlien the fire w.as subdued. The slilp sustained no
damage, but part of the cargo Wiis damaged by '\\ater.
Clan Stuahi' (steamer), Br., from New Orleans, before reported aground
in tl'.e Sclieldt, arrived in Antwerj) Kitatls. January 22, in tow of
six tugs vessel tight. She continued to lighten.
Gbaf Bismahck (steamer), Ger., from Charleston, at Reval Feb. 9, was
iu collision with the pier at Dover, and lost Inidge.
Hansa (steamer), Ger.--Tlie wreck, with the cargo still on board, was
sold by jatbiic auction at Terschelliug, on January 20, and realized
pick up oiu^
l)ale, l)ut
wlatiicr
Spoci exp.
it
'
nbout £147.
(ship), Br.,
Raymond, loaded with 5,000 bales cotton
Havre, was again diseoven'd to be on tire at New Orleans, Feb. 0.
Twenty bales of cotton were broken out, wl>en a Imlf pound ot
gunpowder was discovered between Ijalcs ffirward of tlie nuiin
uateli. close to where the tire occurred. The cause of the tire is to
be investigated.
Lovi.sE (ship). Nor., at
New
Orleans for Havre, before reported on Are,
Ac, linished loading, and sailed from former port Feb. 9.
North Cakomna (bark), Br. The attempt to raise and take bark North
Carolina Into Bernuula has failed. She was pumped out with tlic
aid of two stcain pumps, and tlie water got under ctnitrol; but in
towing her from among tlie rocks the anchor, wliieb had made a
hole in her bottom and was secured from the inside, became entangled in the rocks, making the hole larger, and when the vessel
got into deeiier water went down liead first, and she is now witli
er hatches under water. No further attempt will bo made to
Cotton freights the past week have been as follows:
rirm.
7««
7^
7«16
10,000
i.-s.ooo
1,000
2,000
14,000
2,000
)
Dull.
Firm.
18,000
3,000
15,000
2,000
Qtllot.
Flat.
Firmer.
5
25.000
*10,ODO
Qnlet.
Monday.
Delivery.
Vtlivery.
Delivery.
Fcb.-Mar
75i8
Feb.-Mar
71I32
Mar.-Aiu-
7113.^
Miir.-Apr
733
Mar.-Apr
Apr.-May
738
Ma}--June ...713323'i8
Apr.-May
713:,2
May-June
71733
June-July
7 la
76,g
Sept.-Oct..
Oct. -Nov
Apr.-May
June-July
Julj-Aug
Aug..Sept
...7''iaa'°.32
Aug.-.Sei.t
Iuiie-.Iidy
Feb.-Mar
7'«
713
7ii3j
739
71^33
71Bm
..
71730® ij
7%
TlJKSDAT.
Delivery.
Mar.-Apr
Apr.-May
May .June
Jtme-July
Delivenf.
7ii:i23^
73sai:i;,2
..7l.';ij®''';i2
7i'>..;oa i^
Feb
712 a'
7'8
Sept.-Oet
Nov.-Deo
7
Apr.-May
7i»n2
71832
July-Aug
7"^!al1:i2
May-June
733'3
June-July
Nov.-Dee
May-Jiuic
79ii)
719.,2
Aug.-Sept
Feb.-Mar
fi'1,13
71-S2
Juiy-Aug
JUlj--AUg
Sept.-Oct
Oet.-Nov
17;)2
Delivery.
'71130®%
Feb.-Mar
Mar.-Apr
Oet.-Nov
79i8
77i8
71»ss
7^
7lTj«
71ie
7i»»9
7i»s8
lidy-Aug
Aug.-Sept
Nov.-Deo
7»8®l*sa
71a
Welwesday.
Dtlnery.
Delivery.
Feb
Delivery.
®7^,;®lo.^2
.... 71632 a
7-03.>*i2
May-June
Ain-.-May
7=8
72I32
7^132
77i8
77,g
71*32
Jime-Julv
May-June
7ifl
Feb.-Mar
Mar.-Apr
Sept.-Oct
7i.'>35
H
Apr.-May
Aug.-Seiit
71732
Feh.-Mar
Mar.-Apr
7i»j3
July-Aug
Mar.-Apr
TJu
Juue-Julv
71832
®''l6®"32®*I«
July-Aug
7»is
Aug.-Sept
Oct.-Nov
7»8
73ie
TllORSDAY.
Delivery.
Feb
Feb.-Mar
Mar.-Apr
7^18
7718
77i«
®1632®J,8
713*1232
Delivery.
Jiuie-July
Oet.-Nov
Nov.-Dee
Apr.-May
Friday.
Delivery.
Delivery.
M,ar.-Apr
71=32
Feb.-Mar.... 77 ,8*1J32
Mar.-Anr.. ..77jRai5
Apr.-May
May-June
Apr-May.77iB®iB32®ia
Jan.-Feb, 1881
May-June
79i8
7i«32
72I33
7732
7i8
July-Aug
May-June 7i28l''3o®is
Feb
Delivery.
Aug.-Sei>t
Oct.-Sov
Nov.-Deo
Aug.-SoptMiu-.-Apr
Apr.-May
June-July
.
..7i7i
®i8
T^
7l'32®''is
71533
7173a
Dehvery.
..
Mar.-Apr
Apr.-May
7i»32 May-June
July-Aug
73i8
..7i&32^i":i2
Sept.-Oet
June-July
77i8
June-Julv ...71732®»i6
7"is
71032
718
73,2
71=32
7ia
71732
7l»32
Aug.-Sept
Sept.-Oct
Oct.-Nov
Mar.-Apr
May-June
May-June
July-Aug
Oct.-Nov
7S33
758
72I32
773J
77|8
71*39
713
7 =83 »38
7Si«
BREADSTUFF S.
raise her.
Castai.ia (schooner), from Galveston, with 1,558 bales cotton, went
ashore near Long Brancli, N. J., on the 3d instant, during the
storm, and has since gone to pieces. The crow was saved by the
people from Station No. 4.
rtrm.
llnner.
7%
Tlie actual sahw ot futures at Liverpool for the same week are stven
below. These sales are on the basis ot Uplands Low Middling clause,
uidess otherwise stated.
S.VTL'RDAY.
rmivery.
d.
Delivery.
ft.
Delivery,
d.
7i»3j Mar.-Apr
Feb.-Mar
70:)2®'4 June-JiUy
7*ia
July-Aug
Mar.-A|U'
7":j._.
71332 Apr.-May
7ll»i
April-May ...7>l3jao,„ Aug.-Sept
71=32 June-July.. .T'it'9^*s»
May -June
7% Feb.-Mar
7832
-Vpr.cMay
for
and
up.
7%
Mostly Egyptian.
;
CiiAiii.iiS
and
firmer.
Frtday.
Active
Tending
t'lUurei,
Miirket,
6 i: M.
it
Active
I
Sales
I
175
Friday, P. M., February 13, 1880.
There was a
much
better
demand
for flour early in the week,
and, with supplies quite moderate, holders found little difficulty in obtaining more ^money. There was some disposition
to put out contracts for future delivery,
Satur.
Liverpool, steam d. 3l8®>4
Do
c.
sail
3i8®>4
3i8® H
3ie®H
'32
°32
Do
%®...'
Sg®...*
•a
c.
.'.
Do
Do
*
sail
^32
=8®...'
d
d
=33
8®...
weak market.
The wheat market was quite buoyant early in the week, and
on Monday there was a very large business, includmg No. 1
"a®...'
»8
.®.
=8
"a
®.
...®...
''l6®"'32 ''l6®"'32 7ig®1532 ^18*^^32 7iBal632 'l6®>°32
Compressed.
—
LivEBPooi.. By cable from Liverpool, we have the following
statement of the week's sales, stocks, &c., at that port:
Jan. 23.
Sales of the
week
bales.
Forwarded
Bales American
Of which exporters took
Of which speculators took..
Total stock— i;stimatcd
Of which American — Estim'd
Total import of the week
Of wliich American
Actual export
„
Amouutatloat
Of wliieh American.
54,000
10,000
42,000
6,000
4,000
479,000
343,000
37,000
28,000
5,000
305,000
281,000
Jan. 30.
61.000
10,000
50,000
4,000
6,000
481,000
351,000
i:r
6,000
309,000
278,000
Feb.
6.
81,000
9,000
51,000
5,000
5,000
499,000
372,000
101,000
81,000
4,000
291,000
253,000
and $5 60 was a price
bidfor extra State for April delivery. The improvement in prices
was pretty general, yet most decided in the low and medium
grades. Rye flour, com meal and buckwheat flour did not
share in the better prices of wheat flour. To-day there was a
dull,
V
>9
.c.
saU...c.
steam
»8®...'
>a
Amst'd'm, Bteam.c.
Baltic,
Frl.
3l6®'4 'l6®'4
»a
steam.c.
sail
Wedncs. Thurs.
.e.
sail
Hamburg,
"s®...'
c.
Bremen, steam,
Do
Tues.
8all...d.
Earre, steam
Do
Mon.
Feb. 13.
80,000
14,000
53.000
5,000
9.000
4 8,") ,000
308,000
74,000
61,000
8,000
294,000
254,000
white on the spot, mainly for the Continent, at fl 46^^$1 47/it
also at $1 48(§)$1 48^ for March; and No. 2 red Winter at
$1 47}6@fl 48 on the spot, |1 50@$1 50^ for March and
$1 51?^@$1 52 for April. These prices were further improved
upon in the course of Tuesday and Wednesday, but business
was checked, and yesterday there was a sharp decline, especially for Winter growths. No. 1 white selling at $1 46M iu store
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
mere freely at $1 39(9(S?1 40 in store. Receipts at the West
have been small, and the visible supply is somewhat reduced.
To-day the market was steadier at the close, with No. 2 red
Winter $1 49 for March and $1 50 for April, but trade and speculation quiet.
Indian com has been somewhat irregular ; prices stiffening
up somewhat for the more distant deliveries, while lots on the
spot were weaker. Receipts have been large, and stocks continue liberal. Yesterday No. 2 mi.xed scld at 58?4@59e. on the
spot and for February delivery. No. 3 on the spot 56Mc., »ud
"steamer" No. 2 at 57k@57^e. Wliite com has b«en iu rather
THE (JHRONICLE.
176
[Vol.
XXX.
change. The
better supply. To-day there was no essential
business in iJo. 2 mixed for future delivery was at 55 ;!fi@55Mc.
for March and 54^c. for April.
Rye has been very firmly held, and sold last evening at 93®
Canada in
95c. for State on the track and afloat and 95>^c. for
Barley has been quiet. Oats have been quite variable,
store.
prices fluctuating widely from day to day, with some speculation in No. 2 mixed for future delivery. The close this evening
48c.
is dull, with No. 2 graded quoted at 47^c. for mixed and
The visible supply of grain, comprising the stocks in granary
at the principal points of accumulation at lake and seaboard
ports, and in transit by lake and rail, Feb. 7, was as follows
for white.
The following are closing quotations:
GRAtS.
riovR.
^bbl. .$110a 4 75 WheatNo. 2
^bu.$l 34 ®i
spring,
No.
3
Superflue State aud
139
No. 2 spring
5 60^5 40
Western
1
winter...
140
Amber
85
SpiluK wheat extras.. 5 503 5
Red winter. No. 3 1 47i2®l
do XX and XXX... 6 00» 7 15
140
®1
White
40
WiuU-raUipp'Ke.xtras. 5 90a 6
1 46'3®1
No. 1 white
6 50?S> 7 :i5
<lo XXamlXXX...
6
Miuuesota patents... 6 50a 8 00 Corn— West, mixed
59 a
Western No. 2
City sUippliifl extras. 5 65® 6 25
Yellow..
Western
Southern, bakers' and
60"
Western White...
6 75® 7 50
family brands
91
Bouth'u ship's extras. 6 15® 6 60 Rye
46
Kye floiu-, supertlue. 4 75® 5 10 Oats— Mixed
47
White
Com meal82
2 80® 3 00 Barley— Canada W.
Western, &o
77
State, 4-rowed...
Brandywine. Ac... 3 25® 3 30
Jlilw.aukeo
State. 2-rowed...
82
160® 175 Peas—Can'(3».b &f.
"
[From the Neio York Vroduct Exchange Weekly.' )
Buckwheat
lOOlbs
per
flour,
®
Do,
at—
afloat (est.)
Albany
Buflalo
Cliicago
Do
aflo.1t....
Duluih
Toledo
Detroit
36
47
48
47
47
60
60
65'
96
48
50
00
85
75
95
Oswego
Louis
Boston
Toronto
Montreal (31)
Philadelphia
Peoria
Indianapolis
Kansas City
Baltimore
Rail shipments...
At—
{196 lbs.)
17,659
22,116
Chicago
Milwaukee
Toledo
125
Detroit
2,864
1.805
23,951
1,100
Cleveland
St. Louis
Peoria
bush.
09,033
124,960
36,063
31,491
1,800
133,874
800
bush.
Total
..
Jan. 31, '80... ..
Jan. 24. '80 .. ..
Jan. 17, '80.. ...
Jan. 10. '80.. ...
Feb, 8, '79.. .
. .
bush.
bush.
(56 lbs.)
(321bs.)(4811J9.) (56 lbs.)
820,460
20,310
203,527
14,539
34,550
670.983
297,300
8.302
92,093 29,035
5,250
21,150 36,993
1,516
11,169
7,735
17,709
3,150
5,634
161,697 26,902
19,000
10,810
51,200
Suluth
356,531122,815 29,996
282,662 154,407 44,652
Total receipts at same ports from Jan. 1 to Feb. 7, inclusive,
for four years:
69,620
428,0212,061,671
Same time '79.. 123,753
1,078,811 1,302,559
Total
Flour
Wheat
1880.
1879.
1878.
bbls.
565,520
657,639
661,843
502,644
bush.
5,261,427
12,222,928
2,040,039
799,141
290,440
7,834,540
7.813,836
2,080,810
890,895
370,087
6,941,069
5,799,0tl
2,204,055
1,160,801
327,412
2,188,489
6,703,090
1,349,384
778,834
313,580
Com
Oats
Barley
Kye
20,613,975 18,990,768
Total grain....
Total receipts (^crop movement) at the
to Feb. 7, inclusive, for four years:
1879-80,
1878-79.
bbls.
3,892,345
3,482,045
Flour
Wheat
Rye
Total grain
....
11,286.383
1
1877-78.
3,533,532
1876-77.
3,145,816
63,923,404
47,331,231
18,941,790
7,932,671
1,327,030
50,426,360
40,888,657
14,615.612
7,649.601
2,354,229
31,533,502
45,357,997
12,394,171
7,246,634
2,091,064
152,481,253
110.006,126
115,931,519
98,623,418
56,463,-l73
Barley
16,432,378
same ports from Aug.
16,463,475
8,666,025
3,242,428
67.645,857
bush,
Cora
Oats
1877.
Comparative shipments of flour and grain from the same
ports from Jan. 1 to Feb. 7, inclusive, for four years:
Flour
Wheat
Com
1880.
1879.
1878.
bbls.
334,825
654,569
629,227
bush.
1,157,282
4,812,151
1,222,602
2,661,390
5,752,083
3,533,751
1,144,236
574,576
Oats
Barley
351,523
211,234
1,352,682
591,419
164,090
7,737,792
8,220,085
Kye
Total grain
....
3,450,.504
Rail and lake shipments from
Week
Flour,
ending—
Feb. 7
Jan. 31
Jan. 24
Jan. 17
bl)ls.
55,735
70,009
86,176
114,811
Total, 4 w'ks. 326,731
1877.
491,038
803,119
2,850,758
126,210
801,126
408,218
99,206
11,160,861
5,022,457
same ports for the last four weeks.
AVheat,
bush.
Corn,
bush.
133,506 1,080,263
226,900 1,061,352
Oats,
bush.
B.irley,
Eye,
bush.
bush.
651,041
675,033
130,873
181,898
119,726
206,433
43,854 37,381
65,352 30,192
55,539 18,396
69,966 31,347
795,096 3,470,741
671,985
234,711117,816
256,229
174,461
4 weeks '79.. 497.973 1,788,432 2,551,230 902,059 403,323 114,13i
Receipts of flour and grain at seaboard ports for the week
ended Feb. 7:
Flour,
Wheat,
Com,
Oats,
Barley,
Eye,
At—
New York
Boston
Portland
Montreal
PhUadelphia
Baltimore
New Orleans
bush.
bbls.
59,478
12,740
1,000
4.240
7,630
17,002
11,004
102,534
78,200
26,000
16,800
34,500
85,756
bush.
bush,
bush.
420,214 73,864 32,030
184,900 17,200
....
2,800
1,500
6,000
2,950
1,491
241,500 36,400
8,500
222,381 37,197
5,300
175,112 13,033
Total week
113,094 317,810 1,246,907187,146
Cor. week '79.... 227,959 1,607,295 1,809,137 386,660
53,644
78,618
bush.
4 914
4 500
isbo
'.'.'.'.'.'.
10 914
44|433
Exports from United States seaboard ports and from Montreal
for week ending Feb. 7:
Flour,
Wheat,
bbls.
bush.
Cora,
bush.
Oats,
bush.
2^3,056
230,437
1,591
700
656,601
37,759
26,000
1,314
4,195
10,000
260,213
194,324
297,059
742
900
78.475
time '79. 135,268
990.373
1,551,496
974,876
1,599,340
3,236
2,885
From—
New York*....
Boston
Portland)
Montreal
PhUadelphia..
Baltimore
Total for w'k
Same
59,226
13,040
Rye,
Peas,
bush.
16,369
bush
7.299
'
326b6
'
.
» 13,609 bushels barley,
1
.
6,000 busliels liMley,
'.
16,369
80,392
39,299
37;269
1,065,285
138,506
bush.
796,083
324,000
39,000
Oats,
bush.
491,353
60,000
95,000
17,555
1,191,781
4,578,820 1,111,355
1,807,809
42,631
48,221
175,000
643,017
88,469
9,735
16,440
220,000
2,000
1,457,566 159,689
110,925 129,910
7,168
33,500 130,121
762,363 400,000
307,409 129,910
2-'3,700
170,400
232,012 139,805
211,220
1,030,263 130,873
Barley,
bush.
29,593,726
30,089.871
30,809,160
31.023,306
30,309,361
20,604,146
•Rye,
bush.
530,242
611,000
289,000
281,930
705,000
239,734
10,000
611,691
106,364
41,000
5,342
530,000
80,229
30,449
155,921
11.839
270,000
30,449
Lake shipments..
43,854
.57,800
58,233
261,426
6,633
4,500
70,330
6,219
2,776
36,510
153,440
6,219
5,700
12,457
37,581
14,282,838 3,328,209 4,230,940 1,075,924
13,000,353 3,079,306 4,151,583
978,662
12,129,018 3,122,349 4,244.483
979.567
11,927,167 3,317,942 4,403,114 1,068,112
11,861,043 3.292,516 4,401,210 1,152,102
9,323,838 2,315,967 4,541,203 1,321,31
THE DRY GOODS TRADE.
:
bush.
(60 lbs.)
bush.
6,401,830
851,000
1,000
730,975
8,701,205
153,440
4,854.271
270,000
1,252,040
1,660,650
400,000
924,293
236,597
310,534
155,102
502,401
7,212
161,900
762,363
St.
Receipts of flour and grain at Western lake and river ports
for the week ending Feb. 7, 1880
Wheat,
Com,
Oats, Barley, Rye,
Flour,
bbls.
Com,
Wheat,
In Store
New York
Friday, P. M., Febru.ary
The dry goods trade has on the whole been
past week,
13, 1880.
less active
many wholesale buyers having completed
the
their early
purchases and temporarily withdrawn from the market. There
was a lull in the demand for staple cotton and woolen goods,
and printed calicoes were comparatively quiet, but dress
goods, lawns, piques, ginghams, &c., were in steady request by
local and interior jobbers.
Prices remained very Arm on all
kinds of goods, and there was a further advance on several
makes of brown and bleached cottons, wide sheetings, lawns,
dress goods, &c. The present condition of stocks in first hands
is very remarkable.
Nearly all makes of cotton goods are sold
in advance of production ; leading makes »f heavy clothing
woolens are sold ahead for months to come, and prints, ginghams, lawns, dress goods, white goods, print cloths, underwear
and hosiery are severally in exceptionally light supply for this
stage of the season.
Domestic CotroN Goods. The exports of cotton goods from
this port to foreign markets during the week ending February
10 were 1,879 packages, of which 650 were shipped to Aden, 337
to Hayti, 292 to Brazil, 290 to Great Britain, 81 to Mexico, 58
The market for cotton goods continued
to Venezuela, &e.
fairly active and very strong, several prominent makes of plain
and colored cottons liaving been subjected to a farther advance.
Atlantic A and other standard sheetings were advanced to 9lio.,
and several makes of four-yard sheetings were marked up /|c.
per yard. Leading brands of fine wide .sheetings were advanced
about 2/^c. per yard, and higher quotations were made on
Print cloths were fairly
ducks, drills, cotton flannels, &c.
active and the stock of "spot" cloths has been reduced ( at the
Extra 64x64
manufacturing centres) to a very low point.
—
and 56x60s changed hands at
There was less buo.yaney in the demand for prints, but
prices were firmly maintained. Printed lawns were in brisk
request, and Pacific and Cocheco lawns were advanced to 12c.
per yard. Ginghams and cotton dress goods continued in
steady demand and firm, owing to the light supply.
Domestic Woolen Goods. Spring woolens (for men's wear)
have shown comparatively little animation as regards new business, but agents continued to make fair deliveries of fancy
cassimeres and suitings, worsted coatings, &c., in completion of
old orders. For heavy all-wool and union cassimeres there was
a steady demand by the clothing trade, and orders for goods to
arrive were recorded by manufacturers' agents to an important
aggregate amount. Overcoatings were in steady demand, and
most leading makes are largely sold ahead of production.
Prices of clothing woolens are very firm, and stocks of both
light and heavy fabrics have not been so well in hand for many
years past. Kentucky jeans were in irregular demand, but very
firm at the late advance. Satinets were in good request, and large
deliveries of printed makes were made by agents on account of
back orders. Flannels were fairly active for the time of year,
but blankets were lightly dealt in. Worsted dress goods continued in good demand and firm with an upward tendency,
which was reflected in an advance on some makes of Pacific
print cloths were firm at 5%c.
4%c.
—
mills' fabrics.
Foreign Dry Goods.
—There
has been a moderate improve-
demand
for imported fabrics at first hands. Staple
dress goods ruled quiet, but there was a fairly active demand for
fancy fabrics. Silks have received more attention, but selections
were mostly restricted to novelties in fancy silks. Linen goods
ment
in the
continued in steady request and very firm, and there was a fair
movement in white goods, embroideries and laces. Men's-wear
woolens remained sluggish, but staple makes are firmly held,
ikosiery was fairly active and there was a brisk demand for
fabric gloves.
FEBRUARY
THE CHRONICLE
14, 1880.]
Finaiifiul.
Financial.
UNION TRUST CO.
OF
NEW
No. 73 Broadway, Cor. Rector
CAPITAL,
-
.~T
•
53
$1,000,000.
.
.
St.
&
Paton
Jesup,
YORK,
Financial.
BANKERS,
William Street, New
John
Co.,
LEGAL DEPOSITORY FOR mONEY.
Interest allowed on Deposits, which may be made
and withdrawn at any time.
N. B.— Checks on this Institution nass through the
KUWAIU) KING,
ClearlnK-House.
I'ltaiaent.
S'.H".^k'.A?L"
BALANCES.
No. 4J
Stocks, Railroad Bonds. Governments, and
The Brooklyn Trust Co.
Montague & Clinton
sts.,
Brooklyn, N.
Y.'
This Company Is authorized by special charter to
act ns receiver, trustee, Kuurdlan, executor, or admlnlslratur.
It can act as a^ent In the sale or manatcement of
real estate, collect Interest or dividends, receive
reirlstry and transfer books, or make inirehase and
sale of (iovernment and other securities.
Kell^lous and charitable Institutions, and persons
nnaccustomed to the transaction of business, will
Und this t'ompanv a safe and convenient lieposltory
for money,
KII'I.KY KOPES. President.
CHAS. K. MARVIN, Vlco-Pres't,
£dgAR M. ClTLLEN, Counsel.
THUaTBBS:
Wm. B. Kendall, Henry Sanger,
Alex. M. White. Joslah o. Jx)w, Rlploy Ropes,
Austin Corbln. Edmund W. Corlles.
WM. B. BUNKER, Secretary,
Have been connected with mining since the discovery of the famous Comstock Lode, and also
pioneers In the celebrated Bodie district in which
are located the "Standard," "Bulwer." "Bodle,"
and other well-known mines. Letters and telegrams
from these districts received daily. Orders executed direct at the San Francisco Stock Excnange.
Plait K. Dickinson-,
Howard C. Dickinson
Members N. Y. Stock Exchange and N Y. Mining
Stock Exchange.
&
Sand, Hamilton
GAS SECURITIES,
&
Francis,
70 Broadway
<k
15
New
New^ York
St.,
Transact a Qeneral Uanl^lng Business.
AXD ALL KISDS OF
STOCKS, BONDS and GOLD Bought and Bold on
Commission, and carried on Margins,
Deposits Received and Interest Allowed.
tST" Accounts of Country Banks aud Banken re
celved on favorable terms.
BROOKLYN
SECURITIES,
DEALT INT.
•
John
Co.,
Zebley, Jr.,
F.
BANKER AND BROKER,
BANKERS AND COMinsSION MERCHANTS
Nenr York.
5
BRUAD
NEW YORK,
ST.,
(DllEXEL BlTILniNO.)
Dea'er In Invc<itinent
dr* Co.,
BANKERS and BROKERS
4 Exchange Co
New
trt.
12j>tars memitrskip in V.
}',
York,
Stock Exckangt.
^''?,'""^- ^'!l<"> Commission, /!,r Ca,k, or 09
ilar^m, itocis. Bonds, and all Invctlmtnt
'
Securitiet, in lots to suit.
Jmies M. Drake
21
&
St,,
New
ON
Co.
and
CO.M.MISSION.
AND
-
-
-
NEW
YORK,
tS4 Pearl
BOSTON.
10 State Street
Street.
GOSSLER
&
Co.,
OOBHESPOKDINTa OT
International
Bank
of Hamburg;
London, (Limited.)
IN EUROFB,
and
HOUSE
shokt. President,
.„
.^
UF.OHQE W. Dkbevoise, V. Pres )„
"^^ York.
i
c.
JOHN BEHENBERC, GOSSLER tc CO
•
EAUBUBQ.
WALL STREET AND BROADWAY
COR. OF
Newr Y'ork.
Transact a General Banking Business, Including
the purchase and sale of STOCKS and BONDS for
ash or on margin,
Bnjr
and
Sell
Investment Secnrltlea.
BOX 2,647.
P. O.
A
m. KrppEB.
Wayland Tkabk.
H.
J.
Mosse.
Hilmers,McGowan & Co
BROKERS IN
FOREIOIV EXCHAIVGE,
63 lYall Street,
(P. O. Box
New
York.
2,847.)
Special attention paid to the negotiation of Commercial Bills.
Also execute orders for Mining
Stocks at the San Francisco Stock Exchange, througn
their Correspondents Messrs. Kenney & DYER.
&
D. Probst
Co.,
J.
STOCK AND BOND BROKERS,
EXCHANGE PLACE, NEW YORK.
No. 52
Stocks, Railroad Bonds, Governments, A!»d
Miscellaneous Secubitiks, Bouobt and Sold
F. Blakeslee,
MAIN STREET
(HILLS BLOCK),
Special attention paid to DTestment orders
miscellaneous Stocks and Bonds.
or
H. L. Grant,
Interest allowed on deposits, to be drawn at will.
Also, Contracts made and carried In New York
.on sand Produce Exchanges. We issue a Dally
Cottqc
Letti^y V hlch will be sent on application.
$800,000.
A"t,. Vioe-Pres., Boston,
wiS''p*w\fiit''^''^'
WM. P. Watson, See. and
Treas., Chicago.
Wadswobth.
HARTFORD, CONN.
Exchanse Court and 52 Broadway.
CO.,
Offers to Investors carefully-selected
securities,
beaj-Ing from 6 to s per cent interest.
Investment
securities bought and sold on commission. Settle'"
hnlders
'-."'"'^
of
defaulted
securities
S?f!
wjll act as agents In funding and reorganizing
d.'bts
"•""O"'' companlM, and' Sthe?
S/,.?'"".',''"'*'";?'corporations. Correspondence solicited.
John
b.
CA^ Co.
333
RANKERS
33
CAPITAL STOCK,
Wm,
and
Ad-
BANKERS,
B.
AND COMMISSION STOCK BROKERS,
PINE ST., NEW YORK,
CONGRESS STREET, BOSTON,
UNION BUILDING, CHICAGO,
N08.31
No. 19
BOIVDS AND STOCKS.
MERCHANTS, BOND AND STOCK BROKER,
Owens & Mercer,
New England & Western
INVESTMENT
Co.,
Wm. F. Owens,
Geo, a. Meucer.
Member. N. Y. Stock Exchange.
I
York,
&
COTTON COMMISSION
34 PINE STREET,
New York.
York,
Mr. J. .M. Drake has been a member of
New
York Slock Exchange since 1852. and will the
give 36 rsonal attention to all business entrusted to the rm.
New
Special attention given to Defaulted Uallroad und
Municipal Securities of Illiaois, Kansas, Missouri,
Iowa, and Nebraska.
Correspondence solicited and full information
given on all classes of bonds and st(,cks.
BANKERS
STOCKS and BONDS,
r'^rnvi^vkRA?.!^''"^"
U.
S. GOVERNMENT, STATE. CITY, and
all other
Nejrotlable f^ecurltles,
Secnrltleis.
Orders executed at the Stock and Mining ExcbaiiKes.
Dodge, Potter
B-ANKERS,
AND 22 DREXEL BUILDING,
UTaU
STREET,
BANKERS AND DEALERS IN
Co.,
BANKERS AND BROKERS,
STREET RAILROAD STOCKS AND BONDS
Kimball
Wadsworth,
10 ^TALI.
COMMERCIAL PAPER NEGOTIATED.,
Trask
&
and
BANKERS AND BROKERS,
AND
J^. uT.
&
Sheldon
ances made on same.
GAS STOCKS
(^onrt,
All business relating to the Construction
Equipment of Railroads undertaken.
COMMISSION.
SEE GAS QUOTATIONS IN THIS PAPER.
;
NEGOTLATE LOANS AND DRAW BILLS OF
EXCHANGE ON LONDON.
All classes of negotiable securities bought
sold at the Stock Exchange on commission.
BROAD STREET, NEW YORK.
2 ExctaaiiKe
Se-
BECURITISa.-
Collect CocrpoNg and Dividends
3 Nassau Street, Nenr York.
STOCKS AND BONDS BOUGHT AND OLD ON
Geo. H. Prentiss,
R. T. Wilson
Hew York,
BUT AND BELL
Wm. C. Sheldon.
Alex. McCue.
Johnr. Rolte,
Chas.B. Marvin. A A. I^ow.
Thomas Sullivan, Abm. B.Uaylis, Henry K.Sheldon
U.E. Pierrepont, Dan'l Channcey, John T. Martin,
24
WILLIAM STREET.
No. 63
RAILROAD INVESTUEST
all
Co.,
Bankers aud Uerchants,
Exchange Place, Nenr York.
curities dealt in at the N. Y. Stock Exchange, bought
and sold, either for investment or on margin.
&
Kennedy
S.
J.
Bro's.,
BANKERS,
Samuel Willetb,
Augustus Souell,
Wm. Whitewbiout,
K. B. Wesley,
Geo. Cabot Wakd
C. D. Wood.
G. O. Williams,
\. O. RONAIiDSON. Secretary.
M. MoLsAN,
Cor. Qf
.,**,"X?,'.',^.'"*'''''
Dickinson
EXECUTIVE COMMITTEB.
J.
York.
TO CHECK AT
allowed on DaILT
BONDS, GOLD, STOCKS AND
8t;il.lECT
a,«HT"'*il'?."K'H^t-"
lntekest
York.
and dividends, also as transfer agents.
Bonds, stocks and securities badghtand sold on
commission.
Sound railroad and municipal bonds negotiated.
Sterling exchange bought, and loid. Drafts on
Union Bunk of London.
M. MoLeas, 1«( ilce-I'resiilent.
J. U. Ogilvie, 'id V'ice.J'iMtctent.
J.
Son,
BANKERS,
Wall Street, New
No. 69
Accounts and Agency of Banka, Corporations,
HAS SPECIAL FACILITIES FOR ACTING AS
firms and individuals received upon faTorableterms.
Tran!ircr Agent and
Dividends and Interest collected and remitted.
Registrar of Stocks. BAct as agents for corporations in paying coupons
Aathorlxed by law to act as Executor, Admlalatrator, tiuanlian, Itecelver, or Trustee, and la a
&
Cisco
J.
IfO.
146
BROADIFAY,
NEW YORK.
CITT RAILROAD STOCKS « BONDS
BOUGHT AND SOLD.
Bee Quotations of Ctty Railroads In this paper.
Coleman Benedict & Co.
STOCK AND BOND BROKERS,
92 BROADTO^AY, NEAT YORK.
Stocks, Railroad Bonds, Governments, and
all
So-
curities dealt in at the New York Stock Exchange?
bought and sold fur invostment or carried on mar*
gin, strictly on commission.
Cy>LKMAN BENEDICT,
JA8. MCOOTERJt, JV.
Member N, Y. Stock and Mining Bxcbanges.
THE (CHRONICLE.
«1
Insurance.
Insurance.
Financial.
The United States
Walston H Brown & Bro. Life Insurance Comp'y,
WAUTOH
B.
FKSD. A. BKOW^.
BBOWS.
OFFICE OF THE
.
BANKERS,
New
261—264 BroadYV'ay,
York.
II Pine Street,
SPBCIAL ATTENTION OIVKN TO THK NKOOTIA
TION OF
RAILROAD SECURITIES.
&
H. Latham
BROKERS
Co.,
FOREIGN EXCHANGE,
OTHER
INTESTME^T SECURITIES,
WILLIAM STREET.
52
J.
H. LATHAM.
W. PERRY.
F.
ANTnoNY. Member N. Y. Stock Exchange.
IIknbyW. Pooh.
,„..,, „ %.,
JA8. H. OLIPHA NT. Member N. T. Minlnsr Exch'BO
JA8. L.
ANTHONY, POOR & OLII'HANT,
BANKERS AND BROKERS,
No. 10 Broad Street, New York,
And 83 Devonshire Sireet, Boston.
BtTY AMI) Sell OX Commission all Seccbities
Current at the New Yohk Stock Kxchange.
Allow interest on Deposits. Make advances
ON AprRovED Collateral.
Buttrick
Elliman,
Sz
BANKERS AND BROKERS,
A«iiets,
JAMES BUELI., President.
LIBERAL AND IMPORTANT CONCESSIONS IN
LIFE INSURANCE CONTRACTS.
Mutual
Examine the new form of Policy issued by the
Cnited States Life Insurance Company before in-
New YoiiK, January 24, 1880.
The Trustees, in confonnity to tlie Charter of
the Company, submit the following Statement
After the premiums for three or more years have
been paid, upon receiving the requ(ro<l notice from
the assured, the ComnanywUl continue the Policy
in force without further payments. f<ir its Kl'LL
FACE, for such a period as the ENTIRE UESEKVE
will carry
The new form of Endowment Policy provides :—
if theENTIIlE RESERVE is a greater sum
AFTER THREW YEARS. ALL RESTRICTIONS
and CONDITIONS in regard to travel, residence,
occupation and cause of death are removed, thus
niakinc the Policies, after three years. IXl'ON-
C. H. Kimball,
J. P.
Members
«8
Howell.
The Company
17 NE\I'' ST.,
But, Sell and Cakry on Margins
All Secnrllles dealt In at
J.
Exchange
tlie
WALCOIT &
C.
CO.,
BANKERS,
No. 29 rroad Street,
Transact a General Banking Business, buy and sell
on commission all securities dealt in at the New
York. Philadelphia and Boston Stock Exchanges,
either for cash or on margt n. Special attention given
CO Mining Stocks.
Frank F. Dickinson,
Jos. C. WALCOTT.
Members N. Y. Stock and Mining Exchanges.
H. H.
&
Hollister
Stocks, Governments and Miscellaneous Securities
bought and sold on commission.
BALTIMORE HOUSE:
21 Sontb Street.
H. H. Holli.ster,
H. H. HOLLISTEtt,
Robert B. IIol.mes,
S. H. DU.VAN,
Members of New York Stock Exchange,
E.
rJ AI L EY
FINE STREET.
b.
7
,
Dealings In
Insurance
A
Stocks
SPECIA/,T1'.
New York, 28tli JaEUiiy, 18S0.
The following statement of the affaiis of this
Compaiij- on the 31st day of December, 1870, is
published In couformity with the i)rovisiou9 of
its Charter:
Premiums unearned 3l8t Decem-
Total premiums
Re-insurance
802,271 22
return
4.5
$771 ,077 35
393,086 83
pre-
miums
190,398 30
ASSETS,
31st December, 1879.
Cash In banks
United States stock
Stoeksof Corporations
Real estate
260,000 00
78,142 00
350,020 18
CHARLES IKTING, Secretary.
off from 1st
January, 1879, to 31st Decemlier, 1879
Losses paid during the same
3,873,101 26
1,524,331 04
lieriod
Returus of Premiums aud Expenses
840,736 77
Assets, viz.:
$8,875,558 00
otherwise
Real Est.ate and claims due the
Company, estimated at
Premium Notes and Bills Re-
1,307,900 00
ceivable
Casliiu Bank
1,522,826 33
231,453 16
500,000 00
$12,437,739 51
Amount of Assets
Six per cent Interest on the outstanding certificates of profits wUl be paid to the
Total
holders thereof, or their
leg.al
representatives,
on and after Tuesday, the 3d of February next.
Fifty per ceat of the
Outstanding
Certificates of the issue of 187G, will be
redeemed aud paid to the holders thereof, or
their legal representatives, on aud after Tuesday, the 3d of February next, from which date
interest on the amount bo redeemable will
cease. The certificates to be produced at the
time of payment, and canceled to the extent
A Dividend
of Forty per cent
is
de-
the net earned premiums of the Company, for the year ending 31st December, 1879,
clared
for
Oil
which
certificates will
Tuesday, the 4th of
By Older of
May
be issued ou
next.
and after
the Board,
H. CHAPiKkV, Secretary.
TRrSTEES.
Alexander Hamilton,
Constautin Mecelas,
Carl L. Recknagel,
W.
Auchincloss,
.
F. Cary, Jr,,
Carl Victor,
IINWHCECOMH
John D. Dix,
Charles Munzinger,
C. L. F. Rose,
Walter Watson,
Ernesto G. Fabbri,
Henry E, Spragae,
John Welsh, Jr.,
Lewis Morris,
Ramsey Crooks,
Wm.
S. Wilson,
Gustav Schwab,
George H. Morgan,
Francis B. Arnold,
Georges. Scott.
EUGENE DUriLH. President
ALFRED OGDEN, Vice-President.
CHARLES IRVING,
ANTON METZ,
Secretary.
Assistant Secretary.
TRUSTEES:
D. Jones,
Charles Dennis,
W. H. H. Moore,
Lewis Curtis,
Charles H. EusseU,
J.
Horace Gray,
Edmund W.
Corlies,
John Elliott,
Alexander V. Blake,
A. A. Raven,
Kobert B. Mlnturn,
Charles H. Marshall,
George W. Lane,
Edwin D. Morgan,
Eobcrt L. Stuart,
Wm.
James G. De
James Low,
David Lane,
Gordon W. Burnham,
Arthur B. Graves,
H. L. Chas. Renauld,
Chas. F. Zimmermanr,
Theodore Fachiri,
M£SHS0YQl$80,OOaOO(
Risks.
Premiums marked
8,44445
Total amount of assets
$1,197,185 15
The Board of Trustees have this day
Jtesolced, That six per cent interest on the
outstanding Certificates of Profits be paid to the
holders thereof, or their legal representatives,
on or after Ist March next.
By order of the Board,
Lawrence Wells,
William Pohlmann.
Francis Gordon Brown,
Alex. M. Lawrence,
AS THOSE 01
ANY OTHER COMPANY.
ORGANIZED APRIL IZTh |842.
$5,371,048 49
been issued
upon Life Risks; nor upon
Fire disconnected with Marine
Policies liave
J.
UTUALLIF
,
miums
No
430,102 20
terest
George Mosle,
Henry DeB. Honth,
E. H. R. Lyman,
Henry R. Kundhardt,
OF NEW YORK,
J
——————
IrS.WINSTON PRESl DENl
SSUES EVERr APPROVED DESCRIPTION O
IFE AND ENDOWMENT POlICIEl
IN TERMS AS FAVORABLE
1,671,981 91
paid.
$70,4fi7 32
Subscription notes, bills receivable and uncollected premiums.
Siuspense account and accrued in-
Hugh
._
and
$113,571 23
$915,842
Earned premiums of the year
Losses and expenses
off
Total amount of Marine Pre-
other Stocks
at
Insurance.
ed
$3,699,066 58
mark1st January, 1879
Policies not
Loans secured by Stocks, and
Mutual Insurance Co.
ber, 1878
Net premiums received during
the year ending 31st Dec, 1879
December, 1879
to31.st
Premiums on
The Company has the followiug
United States and State of New
York Stock, City, Bank, and
ORIENT
once for the aboye Secnrltlrs'; or thei
nil b« sold on commission, at eller's outlon
Cash paid
upon application, send Circu-
OFFICE OF THE
Co.,
BANKERS AND BROKERS,
HEIV YORK AND BAliTIIHORE.
NEW YORK HOUSE:
43 New Sireet.
will,
lars giving full particulars.
N. P. Henderson,
N. Y. Stock Exchange,
BROAOWAV AND
ANY CAUSE, EXCEPTING
TESTIBLE FOR
FRAUD.
December, 1879
Premium.s received on Marine
Ei.'iks, from 1st Januaiy, 1878,
,
than the single premium required to carry the full
amount of insurance to the end of the endowment
term, the excess shall be used as a single premium
to purchase a pure endowment, payable at the end
of the term, thus guaranteeing to the policy-holder
in everr event the full value of his Reserve.
NO SURRENDER of the Policy is required; only
a notice from the policy-holder, on blanks furnished by the Company.
Co.
Insurance
of its affairs on the 31st
default.
Member of the N.T. Stock Exch'ite,
Wm. ELLIMAN.Memborof the N. Y. MIningKxcb'Ke.
Co.,
.
That
C. A. Buttrick,
&
it.
Should the d ath of the insured take place during
the continued term of insurance as provided for
above, the full face of the Policy will be paid— no
deduction being made for foreborne or unpaid
premiums, excepting in the event of the death
occurring within three years after the original
Ko. 2 Nassau street. New Vork.
BONDS, STOCKS and INVESTMENT SECURITIES
BOUGHT AND SOLD ON COMMISSION.
Kimball, Howell
ATLANTIC
Y.
suring elsewhere.
IN
United State* Chicago. Cincinnati, St.
Loula, Dlittrlct of Columbia Bond*,
AXl)
N.
~'
$4 g83.3'6 81
87V, 484 t6
Surplus.
T.
XXX.
[Vol.
Sturgls,
Adolph Lemoyne,
Benjamin H. Field,
Josiah O. Low,
William E. Dodge,
Royal Phelps,
Thomas F. Youngs,
C. A. Hand,
John D. Hewlett,
William H. Webb,
Charles P. Bui-dett,
J.
Forest,
Frederick Chaimcey,
Charles D. Levcricli,
William Bryce,
William H. Fogg,
Peter V. King,
Thomas B, Coddiugton,
Horace K. Thurber,
William Degroot,
Henry Collins,
John L. Riker.
D. JQiNES, President,
CHARLES DENNIS,
Vice-President.
W. H, n. MOORE, 2d Vice-President.
A. A. EAYEN, 3d yio«-Presidcnt.
February
14,
THE CHRONKLK
USO.
Commercial Curds
StCHIIISIllpS.
O N
V
li
&
Russell
In
S. \V. POMEKOY, Jr.
New York omce, 69 WALL Stkekt.
Uoston Ofllcf, M CKNTKAL 8T11EET.
America,
BrinckerhoiT, Turner
NEW YOUK AND HAVUB.
Torlte "jo »»«'<"'';«
vessels on this
Contlnent-fttblns provided with olectr o bells-wlll
Klver, foot ol
BHll fniiii Tier (new) No. 42 North
Morton •.trwt. lis follows:
KllANtK, Trudulle
^Y^J^-<J^^;}S-}kA^'
We(l..March
3 10 A. M.
],ABKAI)OK, Sanullor
Wed., March 17, 1) A. M.
CAN A DA Fninu-uid
I'KU'K OK PASSAt.K, (Inclildmi; wlnoj.
cabin.
To Utivre—Flrst ciiblo. >100 and fHO; second
StooraKe, i'M, IncludinK wlue, bedding and
I8S.
,
"
lleturn tickets at very reduced rates, available for
twelve months.
^
For passaire and freight apply to
,
And
fall
Bupply
the Pacific
:
1
For Haiti:
ANDB3
For PoKTO Kico
Feb. 281 CLAKIBEI.,
March
4
March
—
:
BTNA
ARRAN
For MA uacaibo (direct):
Feb.
Feb. 12 AKUEN
Superior accommodation for Hrst-class passengers.
For freight or passage apply to
PIM, FOUWOOU & CO., Agents,
No. 37 Wall Street.
Wldthe snd Colors always
in Btock.
45
l-'rom
J.
George A. Clark
&
«nd soM on Commission
(Successors to
MANCHKSTEl:, N. U.
W. «J. mBANS,
OKI KMT,
miiWARD'S HELIX NEEDLES.
400
BROADWAY, NEW YORK.
The
Ij.
BOSTON, MASS.,
Agencies for the purchase of Cotton at all of the
principal Southern Markets.
Wti.MoHB. CLBMENS Fischer, U. W.Uakbmann.
Son of J. T, llanemann,
late of Knoop, Uanemann A Co-
COTTON BROKERS,
PEARL STREET,
NEW
T-^as'irer.
4e W«i.or street. KosTon
&
"ORIKNT COMPLKTE MANURE."
And want a Kood working azent In every thriving
cotton-growing county. Apply (with reference) to
New
A. L. Pierce
C. CREKSHAIV, PresH,
Ckenshaw Warehodse,
York.
&
Co.,
& Real Estate Agents^
VICKSBURG, JniSS.
Purchase, sale, entry and redemption of lands and
fayment of taxes for non-residents attended to.
nformation as to value and local advantage of
land*^ furnished. Our UeU) of operation embraces
the States of Louisiana and Mississippi.
Cotton.
&
F. Wheless
John
COTTON BROKERS,
^o. 146 Pearl Street, near Wall, N. 1.
gstabllshed (In
NASHVILLE, TENNESSEE.
Special attention given to Spinners' orders.
^M Wm^*
I
1878.
nis Cekhratecl yumifri,
303-404- 70-35 -332,
and hia other atylta may be had o/ali dealera
1
i
J ^
throughout the aorld,
Joseph Gillott & Sons,
New York.
Building)
1B41.
MERCHANTS AND BANKERS,
A
BROAD STREET, NEW
Llh-<ral
H.
solicited.
Felix Alexander,
W. &
J.
COTTON
YORK;.
In
Store
H. Farley,
akd
FINANCIAL, .AGENTS
132 Pearl Street,
V.
COTTON BROKER.
Advances made on
COTTON FACTORS,
COMMISSION MERCHANTS,
Corre-
Kkfkkkncks.— Third and Fourth National Banks
and Proprietors of Tuk Cuboniclb.
Q0IJ3 MEDAZ., FABIS,
TonUne
WALTER & KROHN,
54
com MISSION MERCHANTS,
Wm.
dee.,
ames F. Wenman & Co.,
Co.,
COTTON
spondence
WILLIAM STREET,
Co.,
BONDS,
NEW YORK.
COTTON BROKERS,
53 BEAVER STREET, NEW YOBK»
R. M. Waters & Co.,
Rlcbmond, Va.
CiTll Enstneers
85
J
Ammoniated Bone Slpkrphospuate of Lime,
AND
No. 11 Old Slip,
STOCKS,
COTTON,
Orders In " Futu res" e x ecuted at N.Y.Cotton Kxch .
Fertilizing Co.
offer their standard brands
W.
&
H. Tileston
Virginia
OB-
DBRS FOR FUTURE CONTRACTS.
OKIENT.'
Atlantic
YORK.
Special attention given to the execution of
ECHKKA"
•
I
CO.).
123
BETAS BLOOD,
WOUKS AT
Co.,
GRAY A
COTTON BUVERS AND BKOKEBS,
No. 95 WATER STREFT,
Fire Ensinea,
fcuperlntendent,
Scauchester, N -*
boiwht
New York and LlverpooL
In
Almy &
MAN0FACTURE88 OF
Locomotives and Amoskeas Steam
,1
CO.,
Sc
Mohr, Hanemann& Co.,
Works,
Locomotive
York.
CALCUTTA AND BOMBAY.
FUTURE C0NTRA<^8 FOR COTTON
Various Mills.
BOSTON,
YORK,
15 CBAUNCKY STRKST.
PIULAnELPHIA,
W. DAYTON, 230 CHEST.NUT 8TKEET.
niANCHESTER
Bro.,
New
FINLAY, MUIR
Messrs.
WUITiS STllEET,
Curdij.
St.,
Also execute orders for Merchandise tbrooitb
New itlillx,
NEW
A
William
8 Sontli
Street.
Atlantic Cotton ITIIIIh,
Saratoga Victory MI'g. Co., vcean IfUlIs,
AND
Hoslerr, Shirts and Dratvers
43
COMMISSION MERCHANTa,
nieurs. JAMES FINLAY tc €0.,
LIVERPOOL, LONDON AND GLABOOW.
AfiKNTS FOR
AVashlnston imilo, Ohlcopee Hirg. Co.,
BurlliiKtoii W^oolen <;o.,
Ellerton
Co.,
EN ERAL
Advances made on Consignments to
BnntinK Company.
Daane
&
Henry Hentz
8T1UPK8.'
E.R.Mudge,Sawyer&Co
1
Commercial
kindi of
close connection at
Steam
Panama with the .stwimcra (pf
Naviiiallon Comimnv, beliiKthe quickest and most
coast
the
west
York
and
New
between
service
direct
of South America.
„
For Ki.NOSTO.v (Jam.), Aspiswall, Ghevtow.v.
CULOMUIA, PANAMA and SOUTH PACIFIC PpKTS
March 2
Keb. 17 A1L8A
ATH08
I
all
No. 109
made on oon-
Liberal advance!
Q
Also, Atfenti
A
Keb. IH
all
"AWNJNU
linlted States
New To(k.
ignmentfl.
UOTTON CANVAS. FKLTINO DUCK, CAK COVKK
ING, B AGOING. KA VKNS DUCK, SAIL T WINKS
40. "ONTARIO' SEAMLEHS BAGS,
Atlas Mail Line.
ATLAS
111 Pearl Street,
livery of cotton.
Deai*trk In
COTTONSAILDUCK
Aeent, 55 Broadway.
Our Aspinwnll steamers form
COTTON COMMISSION MERCHANTS,
Special attention paid to the ezeontloD of order*
Co.,
Munfacturers Knd
DE BEBIAN,
Schroeder,
for the purcha»a or sale of contracts for fataie de-
&
The splendid
aiLLIAr BCHBOIOa
&
Ware
'
UZTWUKS
U. Waue.
llaukow.
hitl unci
The eencral Trans-Atlanlic Cora pan y'l
Mail Steamxiiltia,
Co., China,
HoDK KoDK, Cnnton,
Agent
Cotton.
BXNBr
MBHCBANTH AMD SHIP AOBNTB,
Anioy, Foochow, Hhani-
CO.MMISSION
Direct Line to France.
LOUIS
vu
O Box
New York.
3,909.
Advances made on Consignments.
Special personal attention to the purchase and sale
of CONTRACTS FOU FUTUUK DKUVKKT'
AUGUSTA, CEORGIA.
OF
^
OOTTON.
Entire attention given to purchase of COTTOS oi
ORDER for SPINNERS and EXPORTEP.8
COERKSPONDENOE SOLICITKD.
References :— National Bank of AagiMta, Georgia
Henry Hentz A Co., Commission Merchants New
York; William B. Dana A Co., Proprietors ComtJiK
AND FxifAMOiAL CHBONiCLs, and Other New
Talk Houses.
Bennet
&
Foulke,
conmissioN merchants,
121
oiAi,
PEARL STREET,
NE.W YORK.
Special attention given to the execution of order
Of Sl'i'KHlou
STEEL
PESRI &
CO
PENS.
K.var.isii
Make.
25
Sumple.x of our leading styles fur
trial, includiug the famous '• U
and • K.\L(;ON " Pens, by mall, on
'
receipt ol
liouer for
2;j
cent.s.
I'EUUY'S
Aslt your Sta-
PENS
lvisoii.Bliikfiiiiiii,Tiiyior
Sole
.ViirciitM I'cir U..S.
or the purchase or sale of Oontnicts for Fntnrft
'(>ell very.
&
Co.,
COTTON BROKERS,
& C
Nkw Yokk
_^^_^__^
Geo. Copeland
I3«
PEARL STREET, NEW YOBK^
IKE CHRONICLE.
Till
&
Stillman,
eEAUEN'S BAITB F'TLDIKG,
Noa. 74
A-
INMAN,SWANN&Co
COTTON
COMMISSION MERCHANTS,
T6 T^«ll Streel,
NEW TORK.
Cotton Kzchange Building,
eiFNE^AL COMMISSION lirEftCHANTS
101 Pearl Street,
^OANS MADE ON ACCKPTABI-B
New
ijtb«n
'
Special attention paid to the execution of orderafor
E.
&
SOUTHERN SECURITIES.
Co.,
JEMISOX;
New
ft
CO.*
Orders for Spot Cotton and Futures promptly exe
Galveston, Texas.
LSHMAX, DURB ft Co.,
LEHMAN BRO'S,
Cotton Factors
Gwynn & Co.,
COTTON FACTORS
COMMISSION MERCHANTS,
140 Pearl
MENT
Ne«r York.
Co.
Will, Strut.
y(M>.?0'.i
State and municipal b'ds (market value)
Loans on stocks, puvable on demand
(market value of securities t543,592)..
Interest due on 1st January, 1880
Balance in hands of agents
Real estate
Premiums due and uncollected on policies Issued at this ofBce
237,859 50
H.
A
mAKTIN, Prealdeut.
Secretary.
FIVE PER CENT has been de-
J.
demand.
iETNA
OF HARTFORD.
Total Assets, January
Unpaid
...
losses, etc
1,S17,189 85
251,499 00—
British
Mercantile
LONDON AND EDINBURGH.
NE"^
YORK
:
SOLON HUMPHREYS, Ch'i'n,(B. D.Morgan & Co
DAVID DOWS, Esq. (David DowB & Co.)
E. P. FABBRI. Esq. (Drexel, Morgan & Co.)
Hon. S. B. CHITTENDEN.
EZRA WHITE. Esq.
1st,
1880.
ASTOtt, Esq.
CHAS. E. WHITE, S.iM.
P.
BLAGDEN,
MANAGERS,
St.,
Liverpool
215,471 14
London
New^ York.
<5x
& Globe
93,703,934 01
Elabilities, including
Re-insurance
Surplus
Income
Co.
United Stales Board of Management,
170,07163
Total Assets lu U. S
Ins.
OF
92,31S,4I1 35
All other Assets
4,868,683 83
18"9..
OSIce 54 William
Oovernment Bonds
Cash In hand and in Bank
S.
$6,914,147 79
1879
1^000,000 00
Re-ineurancefnnd.
&
E)
Branch, Jan.
1,
Capital
J. J.
Total
6,507 38
WASHBURN,
Dividend of
clared, payable on
North
of liverpool.
U.
00
88
87
«1
$2,045,458 94
St., New Yorii.
JAS. A. ALEXANDER, Agent.
Insurance Company
S.
418.070
54,8*0
154,114
64,125
t6,410,983 11
NET bUR^LUS, Jan. 1,
No. 3 Cortlandt
ROYAL
I R.
50
Bank stocks (market value)
17 Water Street, liIVERPOOI.,
Receive confllgnments of Cotton and other Produce,
and execute orders at the fixchanKes in Liverpool.
Represented In New York at the office of
BABCOCK BROTHERS & CO.,
lusiiraiicc.
Statement of U.
WKE
inortgajzes. being first lien on
1.806^5.1 00
real estate (worth *4,171,400l
United States stocks (market value).... 3.184,125 00
F.BABCOCK&CO. Insurance Company
COMMISSION MERCHANTS,
50
(F
H
Bonds and
N. Y.
^street,
00
In the United Stutes. available tor the PAYof LOSSK9 by FIRE and for the protecINSURANCE:
tion of Policy-Hulders of
»233,299 29
Cash In Banks
J.
B.
&
$6,110,988
Casli Assets
CHAS.
EXCHANGE PLACE.
pondenta la Liverpool, Mcsers. B. Newgass
andMeesrs'L. Rosenbelni & Sons.
1,841.-138
218,7<i4 81
1,320.785 SO
Total
COMMISSION MERCHANTS,
fcrd«-« axetuted at tlie Cotton Kxchanges In New
York and i.i?6r?c»l asd atTucai made on Cotton
and other produce cotJlgneJ to ub, or to our corre-
$3,000,000 00
NetSmplus
Montgomery, Ala.
C.-leans, La.
40
Co.,
COTTON BROKERS,
117 Pearl street. New York.
AND
He
CONDITION OF THE COMPANY ON THE FIRST
BAY OF JANUARY, 1880.
Held
&
Dennis Perkins
COTT«N COMMISSION MERCHANTS, oated
No. 10 Old Slip, New York.
Fielding,
LXBKAN, A GRAHAM
BROADWAY.
OFFICE, 119
Flfly-Tblrd Seml-annnal Statement,
SIJMMARY OF ASSETS
BANKERS
MOODT
OF NE%V YORK,
Reserve for Ke-insuranee
Reserve for Uupaid Losses
.
Jemison
S.
Company
Insurance
CASH CAPITAL
LOANS MADE ON
ihepnrchaae or sale of contracts for future deliverj
Of cotton.
HOME
SHOWING THE
York.
SECt'UITl'.
drances made on Contlgnmenti.
14, 1880.
Insurance.
Cotton.
Colloii.
Woodward
[Februaey
1,479,008 96
Insurance Company^
$1,324,945 05
In U. S. for IS79
$1,705,065 19
Expenditures, including Losses
],4SS,134 31
BEDDALL, Manager.
T?M. W. HENSHAW, Ass't Manager.
E. F.
45 Williain St»
JAMES
HENRY
E.
PULSFORD,
Besldeut Manager.
W. EATON, Deputy Manager.
GEO. W. HOYT,
Asst.
Deputy Manager.
(^ontfnercial
OFFICES:
41 and 43 TV^all Street,
J^nd cor. 3d A.ve. and 33d St., Weiv "iTork, (union Ins. LyO.
J^nd 103 Miontagne St., Brooklyn, IV. "if.
LONDOIT),
{OJ^
COMMITTEE OP MANAGEMENT.
ADAH NORRIE,
». B. SHERnAN,
BOYAIi
H.
»
B.
ROVTO,
HBNBY A.
IVra. C.
SniYTHE,
PICKBBSOILIi.
ALFRED
PHEIiPS,
OSGOOO WELSB,
PELL,
Rtsidtnt Manager,
3r
&
89 Wall Street
@FedFRASER