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HUNT'S
MERCHANTS’
MAGAZINE,
REPRESENTING THE INDUSTRIAL AND
COMMERCIAL INTERESTS OF THE UNITED
STATES..
VOL. 28.
SATURDAY, FEBRUARY 15, 1879.
CONTENTS.
THE
Bonds That Have Been Called
Tennessee Bondholders vs. Ten¬
nessee Railroads
Results of the Pension Bill..
The Necessity for Tax Refcrm
Railroad Earnings
CHRONICLE.
157
Ellison & Co.’s Annual Review of
the Cotton Prude for 1878
161
158 Latest Monetary and Commercial
159
English News
165
159 Commercial
and
Miscellaneous
U,0
News
165
THE BANKERS’ GAZETTE.
Money Market, U. S. Securities,
Quotations of Stocks and Bonds.. 169
Railway Stocks, Gold Market,
New York Local Securities
1
Foreign Exchange, N. Y. City
Investments, and Stute, City and
Banks, etc
166
Corporation Finances
171
THE COMMERCIAL TIMES.
Commercial Epitome
174 1 Dry Goods
179
Cotton
175 I Impoits, Receipts and
Exports
180
Breadstuffs
178 | Prices Current
1-1
...
...
...
...
...
....
%\u Chrmridc.
The Commercial
and
Financial Chronicled ismed
day morning, with the latest
TERMS OF
news
on
Satur
up to
midnight of Friday.
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The Publishers cannot be responsible for Remittances
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The London office of the Chronicle is
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named.
Advertisements.
•
Transient advertisements are pnbiished at 25
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insertion,
but when definite orders are given for five, or
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No promise of continuous
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advertise column
have
g'ven,
asand
all Financial
s must 60
anking
equal opportunities. Special Notices
cen s per line, each
WILLIAM B.
/
JOHN G.
f
DANA,
FLOYD, JR.
insertion.
WILLIAM B. DANA & GO.,
Publishers,
79 Sc 81 William Street, NEW YORK.
in
An idea prevails,
this month’s
those of last
falling off in
Such
Notice
to
Subscribers.—The price for binding volumes of
conduct the final payments that no disturbance
mmey market nee l i e feareL
bo
n
the
since the last of November.
74th Call.
75th Call.
70th Call.
Made Dec. 9.
Made Dec. 18.
Made Jau. 1.
Matures Feb.27 Matures Mar.9. Mat’resMar.18.
Matures Apr. 1.
$50
15000
100. 142091-146000 146001-147000
147001-148720
15000
500. 102001-101000 104001-105000
105001-10G695
10000
1,000. 197001-200000 200001-204000
2040(ft-210542
10000
Total
$2,000,000
Regis'd
$50.
ioo.
500.
1,000.
5,000.
10,000.
Total..
Gr. tot.
Coupon
100.
500.
1,000
Total..
Regis'd
$50.
$2,000,000
1922311280390011235124121-
19260
11320
39300
12700
25350
$3,000,000
5001500100010001-
$6,000,000
1,000.
Rcgis'd
$50.
100.
500.
1,000.
5,000.
10,000.
Total..
Gr. tot.
Coupon
$50.
100.
500.
1,000.
Total..
Regis'd
$50.
100.
500.
1,000.
5,000.
10,000.
Total
G1*. tnt.
$6,000,000
400
2800
4012801-
2000
2001-
7400
2600
2000
81st Call.
Made Jan. 14.
Matures Ap. 14.
27001- 37000
31001- 47000
27001- 37000
34001- 4S000
$12,000,000
11511550
8201- 11400
48510250
17051- 23750
550
4400
2850
7401- 11000
26013550
20012800
$4,000,000
10,000,000
12705- 12722
25701- 20586
10,990,100
11001- 18000
11001- 18000
11001- 16000
13001- 20000
$6,000,000
21942503
19280- 39297
11327- 11337
39305- 39310
$8,550,850
78th CaU.
Made Jan. 6.
11000
11000
11000
13000
$4,000,000
10,000,000
Total..
11326
39304
12704
25700
Matures Apr. 4. Matures Apr. 0.
Total..
Gr. tot.
100.
500.
19279
5,000,000
77th Call.
Made Jau. 4.
1,000.
5,000.
10,000.
$50.
<
1926111321393011270125351-
$2,439,250
$3,000,000
5,000,000
18315011501370111511001-
Coupon
general confidence felt in the ability of the Secretary
to carry through these transactions without
any material
disturbance of the money market. It is
not, as we have
already explained, and the most of our readers know,
the actual taking in and
cancelling 150 millions of secur¬
ities and the placing and
paying for 150 millions more,
all in one month.
This exchange is in process
through
the entire three
months, and is made easier under the
new law, which, as we stated last
week, permits uncalled
as well as called bonds to be used
in payment. Without
doubt there will be balances to be
adjusted at the end;
but the public is
entirely satisfied that Mr. Sherman will
a
73d Call.
Nov. 27.
publishing office.
BONUS THAT IfA VE BEEN
CALLED.
Two weeks since we referred to the
very large calls of
bonds which would begin to mature in
April and the
will be therefore a
the number of calls which mature in
May.
Coupon Made
100.
500.
the
month, and that there
Secretary’s notifications
$50.
Chronicle (six mouths’ nuaibers) has been reduced to
$t 23. The publishers
have no agent who solicits
binding from subscribers, and any person
vlsiiing
them for the purpose of such
solicitation dies so entirely upon his own
authority, and should not be understood as having a connection with
the
however, more or less widely, that
subscriptions have not thus far equalled
conclusion may prove to be
correct, but the
inference is not justified
by the transactions thus far.,
In fact, up to
February 12, the calls had reached 6G
millions, against 50 millions for the same days of Janu¬
ary, as may be seen in the following statement. That •
our readers
may have before them for reference the
details of each
transaction, we give iu this summary the
numbers and amounts of bonds embraced in
all the
Post Office Box 4592.
A neat file-cover is furnished at 50
cents; postage on the same is 18
cents.
Volumes bouud for subscribers at $1 20.
For a complete set of the Commercial
and Financial
July, 1865. to date—or of Hunt’s Merchants’ Magazine, 1839 toChronicle—
lb71, inquire
at the office.
NO. 712.
111111-
182
1500
1050
3700
1150
1000
$1,000,000
10,000,000
79th Call.
80th CaU.
Made Jau. 8.
Made Jail. 11.
Matures Apr. 8. Matures Ap. 11.
18001- 23000 23001- 27000
18001- 24000 24001- 31000
10001- 22000 22001- 27000*
25001- 27000 27001- 34000-
$6,000,000
$0,000,000
551800
44015900
28313890
1100L- 13500
35514300
28013500
8011150
59018200
38014850
13501- 17650
43015330
35014800
$1,000,000
.10,000,000
$4,000,000
10,000,000
82d Call.
Made Jan. 18,
83d Call.
84th Call.
Made Jan. 21.
Made Jan. 24,
Matures Ap. 18. Matures Ap. 21. Matures
Ap.24.37001- 46000 46001-,, 55000 5500164000
47001- 60000 60001- 70000 7000185000
37001- 46000 46001- 55000 5500162000
48001- 60000 60001- 73000 7300186000»
$10,000,000
15511925
11401- 13850
62517250
23751- 27750
55331-
7100
7101-
4801-
9950
9951- 13250
8150
$8,000,000
$10,000,000
20,000,000
20,000,000
$10,000,000
$10,000,000
19262270
227113851- 16400j 1610172519300
9J0127751- 31900, 3190181518300i 8301132j1- 15400 15401-
$10,000,u00
20,000,000
2550J
18500*
9350'
35300
10150*
1700Gt>
$10,000,000
20,000,000
85th Call.
Made Jan. 23.
86th Call. •
87th Call.
88th Cell.
Made Feb. 1.
Made Feb. 6.
Made Feb. 12.
Matures Ap. 28. Matures May 1. Matures May 6. MatTes
May 12-.
64001- 70000 70001- 75000 75001- 80000 80001- 8500085001-100000 100001-115000 115001-130000 130001-146000
62001- 69000 69001- 75000 75001- 81000 81001- 87000
86001-100000 100001-114000 114001-129000 129001-144000
$10,000,000
25512800
18501- 20300
9351-
9900
35301- 38200
10151- 10800
17001- 18450
$10,000,000
20.000.000
$10,000,000
2801203019901382011080118451-
3000
21900
10650
40900
$10,000,000
3001-*. 3100
21901- 22950
10651- 11150
40901- 42300
11500
11501- 12150
19700
19701- 21300
$10,000,000
20.000,000
$10,090,000
20,000,000
$10,000,000
31013170
22951- 23200
11151- 11300
42301- 43400
12151- 13400
21301- 23000-
$10,000,090
20,000,000
THE CHRONICLE.
158
*%
[Vol. XXVIII.
^
—
The last call in December
“
was
said “ to embrace the
remaining five-twenties of 1S65.”
January all the calls have been for the
bonds of 1867. Mr. Sherman stated that, on January 1,
there were outstanding $310,614,000 of the 1867’s, and
$>37,465,300 of the 1868’s, making a total of $348,079,500.
Since that date he has called $210,000,000 of
1867’s, so that there now remain only $138,079^300 of
whole balance of the
Since the first of
bonds before the ten-forties
are
reached.
Unless
con¬
fidence is disturbed
by some act of Congress, we see no
supposing that these conversions are soon to
stop, so that May settlements ar.e likely to approximate
those for April; and yet, as the payments by substitu¬
reason
for
■■
■■
~
-
—-
z~y
-
to indicate that the lien
belongs to the State solely, and
given to secure the State alone and nobody else.
Furthermore, that no trusteeship was intended and
therefore to be implied, may also be gathered from the
understanding of the parties as shown by their acts in
carrying out the law.- The State, in compliance with the
provisions of the statute, simply issued its own bonds;
the name of the railroad company was no where on
them; nor was there anything on their face to indicate
that the railroads were in any manner liable to the
holder, or that the State was a trustee, or that any lien
is
followed the
bonds; in
word, there was no difference
other bonds issued by the State,
tion are progressing so favorably, and as somewhat (except a reference to the act under which they were
similar settlements have been hitherto so wisely con¬ issued), and the only way the issues to particular roads
ducted, the public will not anticipate that any dis can be identified now, is by a comparison with the num¬
turbance to the money market will result when settle¬ bers as recorded in the Secretary of State’s office. All
this goes to show the understanding by the parties
ment-day is reached.
interested at the time the law was enacted, of the re¬
TENNESSEE BONDHOLDERS vs. TENNESSEE lationship established by it, and, hence, helps to indi¬
RAILROADS.
cate the intention, if there is any uncertainty in the
We referred, two weeks since, very briefly (page 113) statute.
Then again the Legislature in 1869 definitely inter¬
to the action brought by C. A. Stevens (a holder of
some of the Tennessee State bonds issued to railroads
preted the nature of this lien and provided for its dis¬
under the internal improvement laws of the State) to charge. This was done, as we stated two weeks since, by
enforce the lien he claims to have against the railroads passing an act authorizing each company to issue its own
for whose benefit the bonds
at that time was,
that
were
issued.
Our conclusion
a
between them and any
bonds
as
substitute for the State lien
a
as
fast
as
pay¬
made to the State in any of its outstanding
The original design of simply securing the
such lien exists; that the State
paid; that it has discharged its claim and that securities.
this and similar suits were harmless. The past week the State, and not the bondholder, was thus affirmed by fol¬
daily press in their news columns have published several lowing it to its logical conclusion of payment in any of
long statements, purporting to be the facts and l&w, the bonds of Tennessee. Under this act the railroads
ment
no
was
has been
going to show that our position was untenable; and we
have also received a very long letter from R. S. Moran
questioning our conclusions. We have not space for the
letter in full, but as the subject is one of wide interest,
we will notice the leading points made.
Mr. Moran in the first place insists that as “ under the
“act the State was (for the bonds issued to each road),
“invested with a first lien upon all the property of the
company to which they had been issued, that lien could
“
not be discharged otherwise than by the payment of
these identical bonds.” Turning to the act, however,
we cannot understand what ground there is for such a
claim. The act provides (Sec. 3) that “ so soon as the
bonds of the State shall have been issued,
*
*
*
they shall constitute a lien, * * * and the State of
Tennessee * * * by virtue of the same shall be
invested with said lien.
(Sec. 4) * * and the said
“
lien or mortgage of the State shall have priority over
all other claims existing or to exist against said com“
pany.” There is certainly nothing here which in terms
makes—or anything which can be interpreted as an
“
“
,
“
“
“
“
discharged their debt, issuing new bonds with the Comp¬
troller’s endorsement to the effect that they were
in accordance with the law and in place and stead
issued
of the
by the State. The case then becomes simply this.
In 1852 an act is passed authorizing the State to give to
the railroads, as they are built, ten thousand dollars per
mile in its bonds, which, as issued, shall constitute to the
State, and the State shall be invested with, a lien on such
road; no provision whatsoever being contained in the act
lien held
to
the effect that the lien shall inure to the holder of
Under this law, no
difference is made in the
bonds issued, no railroad company is named in any of
them, no trusteeship is. stated of implied. In 1869 the
Legislature, and the Comptroller with its sanction,
accepts payment of the bonds and discharges the lien.
With such facts as the only basis for this claim, does it
not seem as if searching the Comptroller’s office now to
discover which are the lucky numbers showed evidence
rather of very great diligence in the legal profession,
the bond.
than of any special
To the seventh
shrewdness.
section, however, the sinking fund
intention to make—the State a trustee for the benefit of section, Mr. Moran appeals with great emphasis and
these particular bondholders. To be sure, a lien is given considerable ingenuity. He states that according to
that—
—no one has ever disputed that—but is it not only and
Whenever any company paid into tlie sinking fund any of the
expressly to the State to secure it for the liability it has
identical
bonds loaned to it, fliese bonds “shall be a credit on
assumed ? A contrary view requires us to imply a
the bonds issued to the company,” and immediately cancelled,
trusteeship simply out of the one fact that a lien is and that when any other than the identical bonds loaned to it
„
pud by any company into the sinking fund, they should be
only “ as between the State and said company,” but were
statutory law—an assumption of powers not granted— not to be cancelled. Why not cancelled ? Because the statute
they “ shall be held and used by the State as a sinking
by no means allowable. Had the Legislature intended requires
fund for the payment of the bonds issued to the company.”
to create any such relationship, to grant any such power, Hence the
legal and logical meaning—the evident design and intent
there were unmistakable words at their disposal familiar of this section of the act—was not merely to ” protect the State
against
in consequence of the issuance of the bonds,” for
to every law maker.
Besides that, the above-quoted had this loss
been so, ail the bonds paid by any2 company into the
Sections and all the subsequent portions of the act— sinking fund would have been credited to that company and can¬
created.
That would be
a
looseness in
interpreting
were
a
credit
celled at
once.
those, especially, relating to proceedings against the com¬
This, we say, is ingenious and yet it requires verypanies, and to the appointment of receivers, <fcc.,—nega¬
tive any such conclusion, for they are all so worded as few words, not only to show its weakness, but to see
February 15,
THE CHRONICLE
1879.]
how conclusive
an
argument these sinking fund pro¬ retary of the
visions furnish in favor of the view
tending for.
we
The section in question is
have been
as
follows.
Sec. 7.—Be it enacted, That at the end of five years after the
“thebonds issued
to it under the
provisions of this act,
“
they shall be a credit as aforesaid, and cancelled.”
That is, in both cases a receipt is to. be
given
to
the company by the Governor, and each de¬
scription of bond is to be credited to the com¬
pany in a precisely similar manner and to the same
extent.
The first details the manner and
extent, and
the second portion simply states that it is to be “ as
aforesaid.”
To make
credit,we must blot
a
difference in the nature of this
out the words
“as
aforesaid;” and
so Mr. Moran
very unfairly does and substitutes only a
portion of the words they referred to and covered.
How were they to be a credit ? “As aforesaid.” How
was
that ?
“ As between the State and said
company,
“
the bonds
“
issued to the
paid in shall be a credit on the bonds
company.”
But we cannot pursue this
subject further to-day.
We might refer to the decisions
already made, substan¬
tially involving this same question, and to the foreclos¬
ure suit and
judgment, already ten years old, foreclosing
these very parties who are now
making so much bluster
in the newspapers. Enough, however, has been said to
show the correctness of the position we took two weeks
since when
so
we
called these suits “ harmless.”
Treasury Department, Washington, Feb. 12, 1879.
Hon. F. D. C. Atkins, Chairman of the Committee on
Appropria¬
tions, House of Representatives•
Sir : I am in receipt of the communication of
your Committee
of the 7th instant, asking whether it is
my intention to submit
an estimate of arrears of
pensions under the act of January 25*
1879.
I understand that the Secretary of the Interior has trans¬
mitted to Congress an estimate of the Commissioner of Pensions
of the amount necessary to
pay the arrears of pensions under this
act, as follows : For the payment of arrears of pensions granted
prior to the passage of the act, $84,000,000 ; for the payment of
arrears that may have been allowed
during the fiscal year, $2,500,000, and for those that may be allowed during the next fiscal
year, $5,000,000 ; making a totahof $41,500,000.
In my last annual report I estimated the revenue of the next
fiscal year a8 follows :
From customs.
From internal revenue ......
From miscellaneous sources
For 1879
For 1878
the softest hearts
kingdom.
Our
accord, mark it down
ever
contained at
one
as
possessing
time within
$66,022,190 23
64,741,708 78
.
Showing an increase of
$1,277,481 45
This rate of increase will not give more than
$112,500,000
for this year, and no increase
may be expected for the following
year under present laws.
If, however, the tax on tobacco is
reduced,
as
is proposed, the total receipts from internal revenue
$106,000,000, and may fall as
for the next fiscal year will not exceed
low as $104,000,000.
The
receipts from miscellaneous sources
be increased $2,000,000 during this year and a corresponding
amount over the estimates for
nexttyear.
The expenditures for the first seven months of the current
fiscal year were $152,690,941 06, and for the same
period last
year, $141,092,848 15, showing an increase of $11,598,092 91,
from which should be deducted the amount
paid for the Halifax
Award, $5,500,000, leaving a net increase of $6,098 092 91. If to
this be added the amount necessary for the
payme nt of arrears
of pensions, $41,500,000, and the
expenditures for the last fiscal
year, $236,964,326 80, the total estimated expenditures for the
next fiscal year will be $284,562,419 71.
The receipts, as estimated, will be—
may
From customs
From internal revenue
From miscellaneous sources
Total
Leaving
$133,000,000
106,000,000
18,500,000
...,
..$257,500,000
deficiency of $27,062,419 71. This estimate is based
upon the assumption that the expenditures for the balance of the
fiscal year will not be increased by unusual
deficiencies, and that
the appropriations for the next fiscal
year will not exceed in
other respects the amount appropriated for this fiscal
year.
The saving on interest
resulting from the re-funding of the
debt will not inure to the benefit of the
Treasury for the present,
as the double interest
paid during the three months allowed by
law, and the necessary expenses, will offset the decrease in the
interest account. It would thus appear that the
sinking fund
must be entirely ignored, and the $29,000,000
be provided for by
additional legislation. This may be
accomplished by the imposi¬
tion of some new tax adequate for the
purpose, or by authorizing
the money to be borrowed upon 4 per cent bonds,
which, in the
present state of the market, can be sold at par.
As new
taxes cannot be immediately
productive, it is recommended that
authority be given to raise the amount necessary by the sale of
4 per cent bonds described in the acts of
July 14,1870, and Jan¬
uary 20, 1871.
John Sherman, Secretary.
a
THE NECESSITY FOR TAX REFORM.
The present Congress will adjourn in about two weeks.
Whatever question may hereafter be raised as to the
average intelligence of the members composing it, his¬
one
$133,000,000
115,000,000
16,500,000
...
Total
$264,500,000
The expenditures, exclusive of the
sinking fund, were esti¬
mated at $286,334,912 68,
leaving a surplus of $28,165,087 32.
The revenue from customs for the seven months of the
present
fiscal year ending January 31,1879, was
$78,185,719 13, and for
the corresponding period last year $75,856,995
46, showing an
increase of $2,328,723 67, at which rate of increase the estimated
amount for the next fiocal year
may be realized.
The receipts
from internal revenue for the same
periods were as follows:
RESULTS OF THE PENSION BILL.
tory will, with
was
year.
completion of said road, said company shall set apart one per
centum per annum upon the amount of bonds issued to the com¬
pany, and shall use the same in the purchase of bonds of the
State of Tennessee, which bonds the company shall pay into the
Treasury of the State, after assigning them to the Governor, and
for which the Governor shall give said company a receipt, and as
between the State and said company, the bonds so paid in, shall be
a credit on the bonds issued to the
company. And bonds so paid
in and the intereet accruing thereon, from timefrto time, shall be
held and used by the State as a sinking fund for the
payment of
the bonds issued to the company, and should said
company re¬
purchase any of the bonds issued to it under the provisions of
this act, they shall be a credit as aforesaid, aud cancelled.
It will be noticed that Mr. Moran attempts to draw
out of the fact that this section provides for the
cancel¬
“
Treasury, which
read in the House on
Wednesday of this week, in relation to the estimates
and expenditures of the
government for the coming
con¬
ling of the improvement bonds and the keeping uncan¬
celled of other State bonds paid in, the conclusion that
one was a fuller
payment by the company than the
other.
This inference or interpretation is
directly
opposed to the words of the act. They are both stated
equally and in precisely the same manner to be a credit
on the bonds issued to the
company. The first portion
enacts that “ after
assigning them (the bonds) to the
“
Governor, * * * the Governor shall give said com¬
pany a receipt, and as between the State and said
company the bonds so paid in, shall be a credit on the
“bonds issued to the company.” The latter
portion
said
provides that “should
company repurchase any of
159
a
A resolution
has
been
adopted in the State Legis¬
directing one of the committees to “ investigate
what corporations do not bear their
just proportion of
taxation,” and calling for a detailed statement of the
amounts of property owned
by the corporations and
taxes paid.
A very large and difficult inquiry is here
proposed, and, so far as the proposal reflects the current
disposition to drive at corporations, its expediency is
hardly questionable.
For although there may be
lature
“
“
closed 14| years since.
Every
scratch on every soldier in the army was
supposed to
have been already paid for bountifully.
Suddenly, how¬
ever, our noble representatives had a vision ; they saw
these blue coats gathered in little knots around the
pol¬ foundation for the statement of the preamble that there
ling booths on a cold, wintry November day. It was is “ a widespread dissatisfaction at the failure of cor<enough. Their dear, kind, tender hearts melted at once, “ porations to meet their share of taxation,” two admis¬
and the result is seen in the
following letter from the Sec¬ sions must be made :—that corporations are not as
war
]60
rHE
derelict
of
CHRONICLE.
natural persons
in paying what is required
them, and that the failure complained of is the
fault
as
of the law
and its administrators.
One
class
of
corporations—banks—certainly cannot be justly
included, being already strangely overburdened. Of
another
class, railroads, the New York State Assessors
they are taxed higher than in any other State;
affirm that
and add that the New York Central Railroad
pays more
taxes than all the railroads and canals of
Pennsylvania.
Life insurance accumulations and
There is
more
be
stock of
[Vol. XXVIII.
form of personal
property which can no
concealed than real estate can
one
corporations; and yet there is
no
in the burdens
be—capital
uniformity
corporations are called on to bear. In
the Assessors’ report
just issued they renew their request
for amendment of the tax laws in this
particular. They
ask if the time has not come when it is
entirely practic¬
able and for the best interests of the
people to relieve real
estate from all taxes for Slate
purposes of every char¬
acter—for State common schools as well as for
general
savings-bank deposits
exempted; all insurance companies may fairly plead expenses—and for the cities and counties to relieve
for easy treatment as not being
engaged in productive corporations from tax. In this manner, by leaving the
business. There can be no claim that
corporate real corporations to the State to tax, and the land to the
estate, with the exception of what is exempted by special cities and
counties, they claim they can raise every
law, is not as generally reached by assessors as any dollar for State
expenditures and for all common schools
other; and if it is assessed too low in some cases, this from
incorporated companies, and the tax be so distrib¬
*
is only the universal complaint about
uted as not to make taxation
inequalities.
heavy upon any incorpor¬
Complaint as to corporations must refer mainly to the ated company. The incorporated
companies assessed in
taxation of their personal estate. The farcical character 1877
paid $6,365,958 34; and this is within $575,339 60
of the attempt to tax personal
property in general, is of the State taxes of 1S78.
A tax of lj
per c»nt
notorious. Ex-Tax-Commissioner Andrews called the would
yield as follows :
law on that subject a tub which has lost its bottom. Bank capital
$1,500,000
Railroads
2,500,000
Assessors are required to “ ascertain” the value of
Insurance companies of all kinds
per¬
1,500,000
Telegraph
and express companies
sonal property, but they can do no more than estimate it. Other companies
400,000
800,000
And even after they have done
Total taxes for the State
that, the larger part is
$0,700,000
generally sworn off, under the provisions of the law
The report adds, as
illustration, that with such a law
allowing debts to be an offset. For this purpose the n 1878 Albany
County would have been relieved of
creation of fictitious indebtedness is
common; the pur¬ $173,829 29 in taxes, or $164,513 27 on
real, and $9,316 02
chase of government bonds for
temporary holding is on personal property. In Chautauqua County the sav¬
practiced, sometimes avowedly; the individual has only ing would have been $60,757
07.
to swear that he has no
personal property above the
Whether such changes as those here
proposed would
amount of his debts.
The result of it all is that “ less meet the
objects of the resolution above referred to we
“
than 15 per cent of the personal
do not know, but
in
the
property
State,
they would certainly be in the direc¬
“
liable to taxation, finds a
place on the rolls of the tion of simplicity, and relieve the system of some of its
assessor, and of mortgages not over 5 per cent of the worst
irregularities.. In considering this subject it should
value is assessed.”
always be borne in mind that it is not necessary to
The inequalities and absurdities in assessment of
per¬ multiply objects of taxation in order to reach
everybody;
sonal property are tolerably matched
by those in assess¬ for all taxes inevitably, and with approximate justness,
ment of real estate.
We could occupy a
page in equate and diffuse themselves, so that every man
really
recounting instances of inequalities and evasions, pro¬ pays according to his rate of
consumption. This fact
vocative of amusement, indignation and
anxiety. The is very imperfectly understood, and most men would
need of tax reform is
overwhelmingly plain. How welcome a formal exemption from tax as if it were, or
shall it be accomplished ? It is idle to
imagine that men [ could be, real,
will ever be persuaded, out of the sense of fairness and
RAILROAD EARNINGS.
duty, to stand and meet taxation cheerfully; property
which can run and hide will
The usual monthly statement of
always do so. Hence, the
gross earnings was
effort should, first of all, be to seek for taxation those
published in the Chronicle of February 8, for the
objects which are fixed and tangible. Out of the fact month of January, but the reports of
operating expenses
that real estate answers best to these conditions lia* and net
earnings had not then been received from many
grown the system of placing the main burden upon real companies for the year 1878.
The reports have now
estate.
In this department the great
been
compiled and are presented in the table following.
inequalities grow
out of the difference between taxable and
The
best
nominal
key to the prosperity of a railroad is in the
values. It seems clear to us that one
amount
of
its net earnings, when faithfully reported, with
step in reform
should be the doing away of this fictitious tax
all
valua¬
expenses of operating and repairs first deducted, and
tion, unknown to the law, leaving no discretion to it will be observed that in the two years 1878 and 1877
assessors, except to ascertain, as they are solely directed the proportion of net
earnings to gross earnings in some
to do, what is the fair market value of taxable
cases differs
widely.
property.
This change would be in the direction of reason and
GROSS EARNINGS, EXPENSE^
AJfD NET EARNINGS.
sim¬
The statement below gives the
gross earnings, operating expenses and
plicity, and it would practically do good by reducing the net earnings for the month of December, and from Jan. 1 to Dec.
31,
of all such roads as make
monthly exhibits and have as yet reported the
tax rate.
The State report already
quoted says on this December figures:
December.
/—Jan. 1 to Dec. 31.—.
point: “Were all property assessed at full value, the
1878.
1877.
1878.
1877.
Atlantic
Miss.
&
Ohio—
rate would be reduced from 3 to
$
$
$
$
Gross
perhaps
£
per cent,
earnings
143,240
162,088 1,718,456 1,776;018
<c
-are
f
'
“
/
“
.
and the
“
inducement
longer exist.
real estate
“
venture the
assessor
would
no
prediction that if all
were
so
“next year, with
“
sion.”
the
assessed at full value the rate of tax
much reduced that the amount of
assessed
property would be doubled in the State the
would be
“personal
We
to avoid
comparatively little attempt at
eva-
Expenses (inel. extraord’y)
Net
earnings
Burl. Cedar Rap.&Nortli’n—
Gross earnings
Operating exp. and taxes..
Net earnings
98,445
119,433
1,192,650
1,298,418
44,795
42,655
525,806
477,600
124,676
78,740
129,554
83,647
1,527,667
1,077,643
1,249,881
836,597
45,936
45,907
450,024
413,284
132,136
45,769
131,870
41,325
1,909,518
598,941
1,368,502
461,526
86,367
90,545
1,310,577
906,976
Burl. & Mo. Riv. in Neb.—
Gross earnings
Operating
Net
expenses
earnings
.
February 15,
THE
1879.]
December.
,
1878.
Central Pacific-
/—Jan. 1 to Dec. 31.—
1878.
1877.
$
$
>
1877.
Net earnings
Dakota Southern— •
Gross earnings
Operating expenses
710,251
8,771,696
19,060
8,493
15,185
219,294
8,403
112,936
10,567
6,782
106,358
380,477
155,671
358,828
169,942
Net earning's..
Kansas Pacific—
224.806
188.886
Gross earnings
Expenses
285,182
earnings
Operating
exp.
and taxes..
Net earnings
Nashv. Chatt. & St. Louis—
Gross earnings
Operating exp., incl. taxes
"
Net earnings
Philadelphia & Erie—
Gross earnings
expenses
Net earnings
St. Louis Iron Mt. & Sout’n—
Gross earnings
Operat’g and general
exp.
Net earnings
St. L. & So.E ist.—St.L.Div.—
Gross earnings
while
192,329
258,107
172,033
3,754,338
2,220,099
3,294,549
1,909,775
92,853
86,074
1,534,239
1,384,774
18,166
13,225
19,432
10,303
186,324
148,000
189,584
125,613
4,941
9,129
38,324
149,552
83,921
163,064
96,178
1,631,681
2.749,209
1,054,706
1,046,622
65,631
66,886
576,975
702,587
225,308
154,738
257,742
157,239
2,921,060
2,044,949
3,172,992
2,049,627
70,570
100,503
876,111
1,123,365
468,195
241,725
526,304
4,514,321
2,568,365
4,500,422
2,368,520
226,470
267,580- 1,945,956
2,131.902
258,724
.
63,971
49,423
38,693
660,164
477,235
617,900
458,387
18,474
10,730
182,929
159.513
27,430
22,918
29,458
20,840
353,938
297,213
329.236
4,512
8,618
56,725
58,247
Gross earnings
14,649
Operating
10,712
13,430
9,033
172,908
129,233
152,366
120,719
3,937
4,397
43,675
31.647
49,570
46,605
604.186
16,543
22,060
363,248
544,964
337,332
33,027
24,545
240,938
35,928
17,369
33,797
387,594
15,635
263.808
18,559
18,162
123,786
115,469
55.740
66,976
36,172
643,081
30,340
331,929
689,085
392,819
25,400
30,804
311,152
296,266
expenses
Net earnings
St. L. & So. East.—Ky. Div.—
Gross earnings
Operating
expenses
Net earnings
St. L.& So.East.—Tenn.Div.—
expenses
Net earnings.St. Paul & Sioux City—
Gross earnings
Operating
expenses
Net earnings
Sioux City & St. Paul—
Gross
earnings
Operating
expenses
Net earnings.
Southern Minnesota—
Gross
earnings
Expenses, &c
Net earnings
Union Pacific—*
Gross earnings
Operating
Net
*
'
1,002,004
432,167
expenses
earnings
569,837
The figures for tlie last
270,989
'
207,632
342,938
227,469
...
229,217
activity which seems to be expected in some
T..ere was doubtless some excuse for political appre¬
hension a year ago, but for months past no business man has
thought an immediate or even a proximate outbreak of war in
Europe at all likely to occur. The truth is that the harvest of
bad things reaped between 1874 and 1878 was sown between 1870<
and 1873, before the scapegoat of “ political
disquietude” came
into existence; and what is equally true is, that the bad harvest
would have had to be gathered even if no Russo-Turkish warhad taken place.
The cotton industry, in common with other industries, has had
to take its share of the general depression, but it has,
besides
had to contend against an adversity special to itself.
Until theincoming of the new American crop the supply of the raw mater¬
ial was insufficient to meet even the reduced
requirements of
consumers, occasioned by a diminished demand for their goods.
Short time, notwithstanding, the stock of cotton in the world
showed a chronic deficit, compand with the previous
year,
amounting at one time to 700,000 bales. The result was that tho
price of the raw material did not respond to the fall that took
place in the value of yarns and goods. If the supply of cotton
had been a full one, prices in Liverpool would have followed the
decline in Manchester, and Middling Upland would have been at
5d. per lb. early in the year, instead of only in December, while
the average for the year would have been much lower than the
actual average of 6^d.
The extent to which this additional
adversity has injured spinners and manufacturers is shown in the
following comparative statement of the average prices of cotton,,
yarn and goods during the past three years:
/—Av.
1876.
d.
6*4
469,709
7,703,371
7,264,308
Fair Dliollerali
4*2
Yarn, best seconds—
30’s water twist
..11*18
40’s mule twist.... ..111*
3,609,936
139,898
1,797,119
2,432,328
1,188)557
for bad trade*
quarters.”
Cotton—
both years, the
a reason
it has ceased to have any
of commercial
5,480,508
embrace, in
than
excuse
influence since
treaty of Berlin. Twelve months ago we
ex[resstd the opinion that “the efforts of the diplomatists will be
successful, and in a short time Europe will be tranquil
“but,” we also said, “we do not anticipate that sudden outburst
5,170,357
six months
an
the ratification of the
503,543
s
expenses
more
even as an excuse
973:252 12,873,728 12.744.816
Omaha Bridge.
The following November figures have but
recently come to hand.
■November.
/--Jan. 1 to Nov. 30.—N
1878.
1877.
1878.
1877.
Atch. Topeka & Santa Fe—
$
$
$
$
Gross earnings
438,588
335,078
Operating
thorough and international characterdepression must be traced the tardy convalescence of trade,
which has caused so much
bewailing and disappointment during
the past two years.
No doubt political disquietude has in some
measure
adversely affected the course of trade, but the events of'
the past year have proved
beyond all question that the influence
of this political disquietude has been
immensely over-estimated.
206,542
57,863
39,389
Operating
To this
It has in fact been
Net earnings
Memph. Pad. & Northern—
Gross earnings
Operating expenses
Operating
India and China.
of the
568,497
Houston & Texas CentralGross earnings
161*
diminished power of consumption occasioned
by the re-action*
itself, and by deficient food crops in Europe, and the famines in
$
$
1,432,917 1,354,882 17,007,451 17,050,976
864,420
6 44,631 8,835,755
Gross earnings
Operating expenses
Net
CHRONICLE.
Mid.
Upland
..
..
...
Cloth, per lb.—
Primers’, 4V lbs... .-11718
Printers’, 5% lbs... -.12*16
..ll^S
Shirtings, 7 lbs
Shirtings, 8*4 lbs..
Average
10*4
..
prices per lb.—,
1877.
d.
/—1878 compared with—,
1877.
1876.
d.
d.
*4
lower.
lower.
V
1878.
d.
6*8
O^ie
5*16
41316
14
105q
0*16
101316
9V
Die
15ig
11916
12"i6
101316
11V
10V
10*4
71G higher.
“
“
D4
1*1
ii
a
a*
1IV
10*16
O710
1516
“is
Die
“
“
“
Die
Dig
lo16
0*16
10*i6
1*16
“
in i6
1
prices—
30’s and 40’s twist ..11M
lower.
a
iL
i t
earnings
209,371
195,180 1,812,817 1,243,821
Chicago Burl. & QuincyGross earnings
..1,296,082 1,232,118 13,042,978 11,517,139
Expenses
642,349
661,274 7.080,040 6,191,167
Planters’ & shirting S.11»16
Margin between—
5
Uplands and twist.
Net earnings
Denver & Rio Grande—
Gross earnings
during the past twelve months'
given way 3-16d. to £d. p r lb. yarns have lost 1 1-1GI. to 1 5-16d
and goods fd. to 1-161., the result of which is that the
average
margin between cotton and yarns has diminished Id. and that
between cotton and cloth ll-16d. per lb.
The comparison with
1870 is still more unsatisfactory.
Net
..
..
Uplands and cloth.
..
..
..
Expenses
Net earnings
...
*
Grand Trunk of Canada—
Gross receipts
Working
expenses
..
..
653,733
570,844
5,962,938
5,325,972
117,805
62,628
80,083
41,055
1,033,490
598,631
700,238
360,471
55,177
39,028
434,859
339,767
November.
.,—July 1 to Nov. 30.—n
1878.
1877.
187S.
1877.
£
£
166,968
125,695
181,816
£
136,802
789,742
588,552
638,583
47i6
3718
4716
5V
7e
1
less.
Uio
Hie less.
78
41
less.
less.
Weseeliere that while cot; on has
£
867,664
5316
..
IDle
TIIE COURSE OF PRICES.
*
*
*
*
*
*****
The
following is an account of the principal fluctuations dur¬
ing the year in the leading descriptions of cotton, and in 32’s twist
ELLISON & C0:S ANNUAL REVIEW OF THE and
8£ lb. shirtings.
COTTON TRADE FOR 1878.
Upl’ds. Deliveries. Pern. Egyp.Dhol. 32’s twist.
Shirtings.
Mid.
Near. Dist. Fair. Fair. Fair,
8 J4 lbs.
Eighteen hundred ar.d seventy-eight was a year of unparalleled
d.
d.
d.
d.
1877.
d,
d.
d.
d.
8.
d..
d.
s.
Net profit
..
41,273
45,014
201,190
229,081
27.
depression unprecedented for the universality of its Dec.
1878.
incidence and the ruthless
Jan. 10.
thoroughness of its ramifications; a Feb.
15.
depression as widespread as the world and ubiquitous as trade
Mar.~l.
itself. The commercial and financial
upturning^ of previous
8.
commercial
it
..
..
..
i)0
-r
--
“
times
were
mOre
or
less
local, but the crisis
every civilizid and semi-civilized nation.
of things was the result of the
of 1878 extended to
This untoward state
over-production, inflated values,
general extravagance, and unsound finance, which
reigned with¬
out let or
hindrance between 1870 and
1873, subsequently
aggravated by the financial shifts and
bolsterings to
resort
which
wljich
had in the vain
attempt to stem the tide of re-action
commenced in 1874, and further intensified
by the
was
April 3.
“
May
9.
2.
J’ne 14.
“
26.
July 13.
Aug. 13.
“
26.
Sept.25
..
--
..
--
..
..
..
--
..
..
“
30.
Oct. 31.
Dec. 13.
“
31.
..
..
..
..
6*8
0*16
6*8
6II32
6^16
6*16
ffilG
6
6V
618
51*16
5*132
6*32
52*32
_
6*32
6^
6V
5^16
9
6716
6*32
6*32
63132
6%
5516
5*16
9
658
65s
6V
6*8
6V
61*3
0*4
6*16
67ie
6716
6*4
6*4
5**32
6
6
51*16
5%
0532
5!516
6 *8
6H32
6*g
0*16
6*8
6*32
6*16
Gl 116
6*\e
0V
6.116
0*4
6516
6*2
55s
4^8
5*8
611ig
6*32
6732
5716
41*16
5*32
6:>I6
«>7ig
Oho
6*32
51530
5i8
5*16
6*16
6*8
6*8
658
7*8
7*8
7*8
6%
6*4
618
6V
61*2
6*8
513
She
She
4?8
6*4
7V
4*4
712
5i8
®9 hi
6
7b 9V
858-0)912
8*4®9i8
858^9
6
6
6
6
6
5
5
5
6
6
6
6
6
8*4® 9i8
8 ® 8*8
8 ®8i2
5116
7*8®8l4
8*8®87e
913
5516
8is®8*t
9 V® 9 *8
9
8*4
514
514
7*8
5110
7*8
7i8
7*1
7*4
5
4is
41ig
4h6
878®9l2
S*4®9*8
8*8®9
814 ® ^ 78
7*4 @8 V
758^ 814
778®858
5
5
5
5
1V®8
3
3i2®S 412
ll2®7 101-2
1V®7 10 ha
0 ®7 lOifl
1V®8
7ia®7
6
6
0
7V
912
7V
IV
®7
®7
] V®8
IV®8
IV
4V®8
4V
3 ®8
1V®8
9 ®7
9 ®7
3
0
9
7V
4V®7
3
4V
4V
®7
4V®7
-
6
162
r
118877465..*■ 1188679123..
THE CHRONICLE.
The
following is a comparative statement of the prices of
leading descriptions of cotton, yarn and cloth, at the close of
1877, and at the end of each month of the past year, with the
the
annual averages
of 1878 and 1877:
•Cotton.
Mid.
\
Fair.
Fair.
Yarn, best 2ds.
30’s
Unds. Egyp. Dliol. Water.
1877.
d.
d.
d.
d.
Dec. ..6*8
6*8
5*15
107ir>
1 QTU
Jan... -63j(»
Feb: ..6L«
March. 5 7b
lb.
4
105s
4
10*8
1018
934
912
9%
93*
3 101-2
3 9
3 9
3 9
4 0
4 0
4 0
4 0
4 0
3 10*2
3 9
3 9
43±
7
415ig
7*2
911ig
97iG
9Hig
513
9*8
IBUo
913i6
9131G
91*16
9*8
914
834
8%
93a
9^8
8 34
April. .578
May .63i6
Juno ..6^16
July.. .6^8
Aug. ..6*8
Sept... 6*o
9
5516
8*8
7*8
5l4
Oct.... 511iq
Nov ...5»i6
Dec. ..6%
7^8
8^
7%
.
40’s
Mule.
d.
63s
6^2
634
634
5*16
5:i6
4lai(j
5Ug
414
414
U10
Grey Printers. Grey Shirt’gs.
IOI4
10 *4
87io
s.
oz.
4
d.
O
lb. oz.
5 4
d.
8.
5 3
5
5
5
5
5
5
5
1^
O
0
O
3
lb.
7
oz.
11).
O
8
s.
d,
6
3
6
4 10*2
5
5
6
6
5
5
5
4
l*e
Us
Us
Us
0
10la
4
s.
d.
6 10i2
lie
0
5
5
6
6
6
6
6
6
5
5
oz.
101*2
9
6
6
6
6
6
6
6
6
6
412
4ls
O
7ls
7i2
6
6
6
6
6
6
9
71*2
6
7**8
63s
1877.6*10
Adv’ce
Decl’e. 3lfi
4i*ic
5*16
99ig
9i2
10*8
101*16
11P.
10H
1018
3
4
1018
Us
(Us
53s
1
57s
6
7
41*2
7ie
7i*
7i2
7i2
7is
412
Us
Us
6
2i2
1
....
...
High ..634
Low
.478
9i8
5*16
4116
63s
.
1*16
8 34
8*4
6
4
3
6 478 6 47g
3
O
9
5
4
3
10i2
6
5
6
7i2
0
6
6
The following is a comparative statement of the
of cotton in Great Britain for the past ten
years:
Bales.
Pounds.
2,682,310
3,020,540
3,084,960
3,115,120
1,176,451,070
1,237,373,500
1,274,376,750
1,230,388,800
consumption
Bales.
Pounds.
3,203,710
3,265,620
3,114,780
1870:... 2,797,090
2,628,460
1,246,149,910
1.175.345.250
1.205.455.250
1,071,769,780
939,019,050
3,228,130 1,266,129,250
In order to give a correct comparison of the amount of cotton
consumed, we have reduced the bales to the uniform
each, as follows:
rate of 400
Total in bales
Average
of 400 lbs.
per week.
1878
1877
.
.
1876
1875
.
.
1874
.
2,941,120
3,094,430
3,185,940
3,075,970
61,270
59,160
3,165,323
60,870
Total in bales Average
of 400 lbs.
per week.
1873
56,560
59,510
3,115,374
2,938,363
3,013,638
2,679,420
2,347,540
1872
1871
1870
1869
59,910
56,510
57,950
51,520
45,140
Compared with 1877, the consumption in 1878 shows a
reduction of about 6 per cent; compared with 1876 the
falling off
amounts to 8 per cent; compared with a full rate of
consumption,
say 63,000 bales of 400 lbs. per week, the reduction is about 11£
per cent.
8
9
AVERAGE VALUE PER LB.
Us
IMPORTS, DELIVERIES, &C. FOR GREAT BRITAIN.
Import—The import into Great Britain in 1878 amounted to
FOR TEN YEARS;
lbs.
Av ge:
3878.61s
CONSUMPTION OF GREAT BRITAIN
[Vol. XXV1IL
OF IMPORTS, &C.
The average value per lb. for the past ten
years we estimate as
folio ws~
a
1878. 1877. 1876. 1375. 1874.1873. 1872.1871.1870. 1869.
total of
3,015,840 bales. Compared with the previous year there
d.
d.
d.
d.
d.
d.
d.
d.
d.
d.
Import
61 }6
71l6
7*2 85s 9516
was an increase of 225,920 American and 120
6*4
0*8
8
95i6
lllis
Smyrna; but a- Export
5iii6 5iai6 514
578
6
7
7
83s
77s
10
decrease of 189,580 Brazil, 109,330 Egyptian, 90,110 East Indian Consump’n.. 6*8
7*8
6046
7*8 -8\ 91316 8*8 9T]6 113i6
6*16
and 19,270 West Indian, &c.; the net decrease was
IMPORTS, DELIVERIES, &C., FOR THE CONTINENT.
182,250
Imports.—The import into Continental ports direct from the
bales. The average weights of the bales
imported were as fol¬
countries of growth (exclusive of 11,060 bales
lows, compared with those of the previous year:
re-exported to
Great Britain), compared with the arrivals in
MudrdiS
1877, shows an
U. S. Brazil. Egypt.Bm ~rna. W. I. Surat.
Bengal. Total, increase of 343,480 bales American, but a decrease of
lb.
lb.
lb.
19,750
lb.
lb.
lb.
lb.
1878
450
178
011
170
390
300
433-0
Brazilian,
10,340
Egyptian,
44,040
Smyrna, 12,910 West Indian
1877
436
165
595
170
395
300
408-1
&c., and 27,710 East Indian, making a net increase of 228,730
At the rate of 390 lb. per bale for
Bombay and 300 lb. for bales. There wa3 a decrease of
73,410 bales in the import from
Madras and Bengal, the average weight of East Indian of all
Great Britain, which reduced the net increase in
import to
kinds imported in 1878 was 364 1 lb., against 373 3 in 1877:
155,020
bales.
Export.—The export amounted to only 333,710 bales, or
73,Stocks.—The stocks in the ports at the close of the year, com¬
710 bales less than in the previous year. There was an increase of
23,180 American and 540 West Indian, and a decrease of 7,990 pared with those of twelve months previously, showed a decrease
of 111,920 bales, namely, 92,700 American, 6,060 Brazilian, 1,240
Brazil, 7,480 Egyptian and 81,930 East Indian. Only four years
Egyptian, 6,100 Smyrna, 3,690 West Indian, and 2,070 East
ago, in 1875, the export reached 700,210 bales—nearly twice that
Indian.
of 1878.
Stocks
of 1878
in the
Ports.—The total stock in the ports at the end
372,950 bales, including 325,050 bales in Liverpool,
against 403,130 and 387,550 bales respectively at the close of
1877—being a reduction of 62,500 bales for Liverpool and 30,180
tales for the United Kingdom.
was
Stock
estimate
held
as
Spinners.—The stock held at the mills
by
follows
American.
Brazil.
73,000
70,000
10,000
10,000
1878
1877
we
compared with 1877:
Egyptian. W. India. E. India.
18,000
18,000
2,000
2,000
7,000
10,000
Total.
110,000
110,000
The
quantity of cotton unconsumed in the ports and at the mills
of 1878 amounted therefore to
only 482,950 bales,
against 513,130 bales at the close of 1877—a deficit of 30,180 bales.
at the end
Home Consumption.—The deliveries to home
consumers were
Deliveries.—The
deliveries
amounted to 92,700 bales
more
to
consumers,
therefore,
than the import, or a total of
2,376,240 bales, against 2,180,450 bales in 1877, showing an
increase of 195,790 bales.
The average weekly deliveries were
45,696 bales in 1878, against 41,931 in 1877, an increase of 3,765
bales per week. The weight of cotton delivered was 1,019,669,000
lbs. in 1878 against 894,896,000 lbs. in 1877, the average weight
of the bales delivered being 429 lbs. in 1878 and 410 in 1877.
IMPORTS, DELIVERIES AND STOCKS FOR EUROPE, 1878 and 1877.
The following is a comparative statement of the total imports,
&c., for the whole of Europe in each of the past two years:
Import.
,
1878.
American
Brazilian
Deliveries.
s,
1877.
1878.
.
1877.
St’k Dec. 31.—^
1878.
1877.
—
....3,471,300 2,901,900 3,578,000 2,982,070 293,930 400,630
153,720
363,050
170,560
411,200 24,580 41,420
300,490
Egyptian
420,160
350,730
435,870 46,150 96,390
Smyrna, &c..
57,770
101,690
63,940
108,740
2,350
8,520
Peru, W.I.,&e.
53,750
85,930
66,850
83,140 15,040 28,140
East Indian..
879,420 997,240
828,470 1,104,970 130,840 79,890
....
2,682,310 bales, or 263,230 bales less than in 1877. The actual
consumption was about 2,682,310 bales, against 3,020,540 bales
last year—a reduction of 338,230 bales, or about 12
per cent.
Total
4,916,450 4,869,970 5,058,550 5,125,990 512,890 654,990
The average weight of the bales delivered in
1878, however, was
are
438*6 lbs., against only 409*6 lbs. in 1877. So that in
There
two remarkable features in these figures: 1st, the
weight
the reduction in consumption was
extraordinary falling off in the imports from all countries of
only about 6 per cent.
Weight of Imports, Deliveries, &c.—The
following is an growth except the United States; and, 2d, the enormous increase
account of the
weight of each description of cotton imported, (nearly 600,000 bales) in the deliveries of American cotton. If to
exported and consumed in 1878, and the quantities left in the the deliveries to European spinners, 3,578,000 bales, we add,
those to American spinners last season, 1,549,000 bales, we get a
ports at the end of the year:
Import.
Export,
Consumpt’n. St’kDec. 31. total delivery’ of American cotton amounting to 5,127,000 bales,
lb.
lb.
lb.
lb.
or
316,000 bales more than the last crop! This exceptional
American
1,004,697,000 62,833,500 942,844,500 89,775,000
Brazil
22,511,660
754,720
movement
was due partly to the inroad made upon stock, but
23,138,100
3,663,240
Egyptian
111,611,370
9,084,900
130,663,230 27,886,040
Turkey, &c..
482,600
19,000
467,400
38,000 chiefly to the slow delivery of the 1877-8 crop, and the rapid
Peruvian ,W. I. ,&c.
6,903,700
2,364,700
6,138,700
1,411,000
delivery of that now coming in.
East Indian
159,541,500 69,916,980
73,199,140
34,392,840
Total
1,305,747,830 144,973,800 1,176,451,070 157,166,120
Recapitulation.—The entire
in the
movement for the year
is shown
following statement:
MOVEMENT
DURING THE
The deliveries to
Stock held by spinners 1st Jan..
Import during the
Supply
year
.
Export In 1878
Stock in the ports 31st Dec
Stock held by spinners 31st Dec..
Total
;
Home consumption
Bales.
Av’ge weight,
110,000
403,130
lbs.
428-4
432*5
3,015,840
4330
3,528,970
432-8
363,710
372,950
110,000
398*6
421-4
442-4
846,660
2,682,310
438*6
414-3
Pounds.
English and Continental spinners during the
31, were as follows:
Number of bales
Great Britain.
1878.
1877.
.
Continent.1878.
1877.
-
628,180
436
733,460
505,150
553,170
419
410
429
weigktT(lbs.).. i273,886,480 300,718,600 216,709,350 223,398,230
Last month we estimated the rate of consumption in Great
47,130,000
174,390,160
1,305,747,830
Average weight (lbs.;
1,527,267,990
144,973,800
157,166,120
48,677,000
Britain for the first nine weeks of the
350,816,920
1,176,451,070
OCTOBER 1 TO DECEMBR 31.
thirteen weeks ended Die.
,
Stock in the ports let Jan
SEASON
Total
47,000 bales of 400
each; but the average weight of the bales delivered was (as
since ascertained by official census) about 101b. heavier than the
figures we gave. The difference is equal to about 1,000 bales
per week.
This would bring the rate of consumption up to
lb.
season
at
February 15,
THE
1879.]
CHRONICLE.
48,000 bales. In. our December report we binted that our esti¬
consumption, though larger than the most current com¬
putations, was if anything too small. We are now satisfied that
163
Official
reports show that the consumption of cotton goods in
lbs. per head per annum. We have assumed
that a similar rate of consumption obtains in China and
Japan.
we were correct in our surmise and we think that the
consumption Russia imports some cotton from her Asiatic possessions. The
during the last thirteen weeks of the year averaged 50,000 bales, quantity varies considerably. In 1861 it was only about 150,000
of 400 lbs., or barely 46,000 bales of the average weight actually poods of 36 lbs. each;
during the American war it rose to 750,000
delivered.
In the corresponding quarter of 1877 the rate of con¬ poods; since than it has fallen off.
Some cotton is grown and
manufactured
in
the
interior
of
sumption was about 58,000 bales of 400 lbs. Taking into account
Africa, but it is impossible to* say
the increased Average weight just mentioned, we estimate the how much.
We cannot take the population as a basis, as
consumption of the continent for the thirteen weeks at 41,000 bales estimates of that range from 150,000,000 to 4QO,000,000. We have
per week, against 42,0)0 in the corresponding period of 1877. adopted 200,000,000 in addition to the estimates of the number of
On the basis of the foregoing estimates the movements for the inhabitants on what
may be termed the margin of the Continent*
mate of
thirteen weeks
were as
follows:
**•
Lbs.
Surplus stock Oct.
Some native cotton is also consumed in
Great Britain.
1878.
1877.
.
countries of South America.
Continent.
1878.
1877.
Lbs.
Lbs.
/
Lbs.
the world may
be estimated
Turkey and in the various
production of cotton in
The entire
as
follows:
1. 13,800,000
13,800,000 30,550,000
5,368,000
Deliveries to Dec. 31.273,886,480 300,718,600 216,709,350 223,398,230
Supply
287,686,480 314,518,600 247,259,350 228,766,230
Consutnp. in 13 wks.260,000,000 301,600,000 213,200,000 218,400,000
Surplus, Dec 31
do
India is about
bales of 400 lbs.
27,686,480
69,000
12,918,600
32,000
34,059,350
85,000
10,366,230
23,000
The total stock held
by English spinners is estimated at 110,weighing 48,677,000 lbs., or 121,000 bales of 400 lbs.
This, minus the surplus of 60,000 bales shown above, would
leave 52,000 bales (or one week’s consumption) for
working stock.
It is clear, therefore, that our estimate of
consumption is
certainly not too large.
Pounds.
Imported into and consumed in Europe
Consumed in the United States.
Native consumption in India, China, &c....'.
2,217,000,000
628,000,000
1,360,000,000
Total as above
;
Native consumption in Turkey
Native consumption in Africa, 1 lb. per head
Native consumption in South America, &c
Received by Russia from Bokhara, &c
4,205,000,000
20,000,000
200,000,000
40,000,000
000 bales,
CONSUMPTION OF COTTON IN TIIE WORLD.
In the
following statexaent we give an approximate account of
quantity of cotton consumed in each country in Europe, and
in the various groups of countries in Asia,
Africa, America and
Australia. The population figures represent 1000’s (86,260 = 86,
260,000); the quantities of cotton and cotton goods represent
millions of pounds (142,5 = 142,500,000 lbs.) There are three
columns of quantities—1st, the raw cotton spun in each
country;
2d, the weight of goods and yarn imported into each country
from Great Britain; and, 3d, the total of these two.
The table
also shows the per capita consumption of each
country of raw
cotton, of goods, &c., imported from England, and the aggregate
of both.
The population of Russia includes that of Asiatic
Russia. The whole of the figures refer to the
year 1877, the
complete returns for 1878 not being yet published.
In the
column of “goods, &c., imported from Great
Britain,” there is a
blank opposite Switzerland, because the
shipments are sent via
other countries.
A large part of the Swiss
production goes to
to
various continental countries. Part of the
Turkey, and
production of Holland goes to Java, and part passes to Germany,
Switzerland, &c. Belgium also forwards largely to the interior
of the continent.
The exceptionally large
consumption of cotton
in the United States is
owing to the smaller per capita consump¬
tion of wool and flax
compared with Europe; moreover the
figures include the goods imported:
the
15,000,000
^480,000,000
Total crop of the world
Equal to bales of 400 lbs
of which about
one
11,200,000
half is grown
in the United States.
One-half
of the whole is also spun
in Europe.
Leaving out Russia, the average consumption of cotton in
Europe is about 5£ lbs. per head. The consumption of Russia
itself is about 1 11-16 lbs. per head.
Russia takes from England
only 0*03 lbs. per head ; the rest of Europe takes over If lbs.
England supplies half of the total requirements of India, but
only one-fifth of those of Japan, and one-tenth of those of China
—that is to say, £ lb. per head against a consumption of 2£ lbs.
per head.
Central and South America and the West Indies take
an average of 3£ lbs.
per head..
The United States take barely £
lb. per head.
Africa, like Cliina (estimating the population at
230,000,000) takes only £ lb. per head. Our trade may increase
with the increase in population in the various quarters of the
globe, but it is chiefly to China and Africa that our manufacturers
must look for any marked expansion in the demand for British
cotton fabrics.
PROSPECTS OF SUPPLY FOR
There is still
EUROPE, JAN. 1 TO SEPT. 30, 1879.
wide difference of
opinion as to the size of the
from 4,800,000 to 5,250,000
figures say that the m >vement at the Southwest—retarded at thej'outset by the yellow
fever—has of late been hindered by the exceptionally inclement
weather, and the unprecedentedly bad state of the roads. Those
who hold on to the smaller figures say that the retardation in the
movement South, caused by yellow fever, was to a great extent
made up by the large increase in the movement North and East
to the Atlantic sea-board, and that the stock of cotton on the
Goods, <tec.,implantations :s not so large as it was this time last season. The
Raw Cotton ported from
«J?otal
Consumed. Great Britain. Consumnt’n.
Populareceipts at the ports to December 27 were 2,565,000 bales, or
Coimtries.
*
tiou.
lb.
lb. $ head. lb.
$ head.
$ li’d.
Russia
220,000
bales more than at the corresponding date of the previous
142*5
1*65
86,260
2*6
0*03
145*1
1*68
Sweden & Norway
24*8
6,291
3*94
8*0
1*27
32*8
5*21
season.
There was also an 6xcess of about 30,000 bales in the
Denmark
2,023
5*0
2*47
5*0
2*47
Germany
249*1
42,727
to spinners overland, making a total increase of 250,5*83
deliveries
65*2
1*52
314*3
7*35
Austria
101*3
37,331
2*71
7*9
0*21
109*2
2*92
000 bales.
If this position o? the figures is maintained to the
Holland
13*8
4,130
3*34
43*0 10*41
56*8 13*75
Belgium
43*2
8*09
5,336
17*4 3*26
60*6 11*35
of
close
the season the crop will reach 5,061,000 bales, against
Switzerland
42*5 15*30
2,776
42*5 15*30
France
230*0 6*23
36,906
19*9
last season. On this basis, assuming the port receipts
0*54
4,811,000
249*9
6*77
Spain & Portugal..
79*9
3*75
21,275
25*7
1*21
105*6
4*96
December
27 to August 31 to be the same as last year, and the
Italy and Malta...
52*8
26,948
1*96
51*1
1*59
103*9
3*85
Greece
1,450
6*9
4*75
6*9
4*75 deliveries to American spinners to be also the same, and the stock
Turk’y, Roum’nia,
&c
15,353
y37*0 2*40
37*0 2*40 in the porta in August to be 50,000 bales, the movement this year
will compare as follows with the figures for the previous three
Total
979*9 3*39
288,806
289*7 0*99 1.269*6 4*38
....
....
Russia
Rest of Continent.
Great Britain
86,260
202,546
34,160
....
....
1*65
4*11
5*72
287*1
Total Europe..
322,986 1,175*6
3*63
289*7
Turkey, Persia,&c.
24,540
295*6
250,000
435,000 1,000*0
38*0
330*0
100*0
Japan
Siam, Java, &c....
Total Asia
W., S. & E. Africa.
Interior of Africa.
..
U. S. and Canada..
Central & 8o. America & W. Indies
Total America.
Australia
12,500
65*0
....
755,660 1,360*0
Egypt <fc N. Africa.
Total Africa
33,620
17,000
13,000
200,000
230,000
48,850
43,250
92,100
2,650
....
....
....
628*0
....
The World ....1 ,403,396 3,163*6
1*18
2*29
1*98
....
1*79
—
2*6
0*03
1*41
seasons:
145*1
124*5
195*7
5*52
5*72
0*89
1,465*3
4*52
1*54
1*32
0*23
0*59
38*0
625*0
,100*0
1*54
2*50
2*52
2*52
2*40
20*0
30*0
2*40
518*0
0*69
34*0
28*0
2*00
2*15
85*0
30*0
1*68
2*48
1879.
1878.
1877.
1876.
..1,906
1,906
1,390
1,786
854
886
980
808
Supply
..2,760
Export to Europe to Aug. 31
..2,174
Northern consumption, Aug. 31
526
50
Stock in ports, Aug. 31.'
2,792
2,223
2,370
1,729
1,985
526
43
524
117
494
115
2,370
2,594
To receive to
Stock, Dec. 27
..
..
Total,
If to the
above
62*0
0*26
Export to Europe, Aug. 31
Europe to
0*45
135*0
3*12
135*0
157*0
1*70
785*0
8*52
15*0
5*66
15*0
5*66
1 and
2*26 1L ,041*7
0*74
4,205*3
2*98
than
Afloat, Dec. 27
3*12
..2,750
2,792
,,
2,594
shipments to Europe we add the quantity afloat on the
following estimate of import into
the close of September:
27th December, we get the
22*0
6*82
as
2*00
2*15
0*26
....
..
...
62*0
....
Aug. 31
34*0
28*0
....
628*0 12*85
....
.
.
142*5
837*4
195*7
India
China
American crop, the estimates varying
Those who cling to the larger
bales.
....
....
....
a
1878.
1877.
1876.
2,223
1,729
1,985
713
603
685
576
2,826
2,784
2,414
2,561
2,526
..
Supply to Aug. 31
Actual import to Sept. 30
It will be
1879.
..2,174
that the actual import into
2,369
Europe between Jan,
Sept. 30 was in each of the past three years somewhat less
the shipments between the end of Decembe,^and the close
seen
164
of
THE OHHON1CLE.
August added
deficit
to the quautity afloat at the former date.
The
42,000 bales last year, 45,000 in 1877, and 35,030 in
An estimate of 2 850.000 bales as the
probable import the
was
1876.
first nine months of 1879 would,
«
therefore, bs a full figure.
The import of East India cotton into
Europe during tbe first
nine months of last year reached
705,000 bales. At one time it
was thought that the
shipments this year would show a consider¬
able increase, but it is n.jw
generally believed that the increase
will be of very moderate dimensions.
The year commences with
23,000 bales nvre aft >at than last year; the shipments
may show
an excess of 50,000 bales,
giving a total increase of 73,000 bales,
which, added to last year’s import, would give a total of 778,000
bales—say 780 000 bales as the probable import of East Indian
cotton into Europe in the first nine months of
1879, With low
prices this figure may not be reached; with high prices it
might
be exceeded.
It is
thought that the Egyptian crop will not exceed half the
average of the previous two years. In 1877-8 the total
shipments
from Alexandria were 408,000 bales and in
1876-7, 443,000 bales.
If the present crop is only half the
average of these two, the total
shipments will not exceed 215,000 bales; and
Europe in the last three months of 1878 were
as
the
about
imports into
88,000 bales,
there will remain only 127,000 bales to receive in
the first nine
months of 187 >.
There is
no
reliable
tinued
[Voli* XXVIIL
depression, and the remedies best calculated to promote a
vigorous activity. A short time ago not a few of our
return of
popular writers and speakers pointed to political disquietude in
general and to the policy of the English Government in particu¬
lar
as
being largely responsible for the bad state of trade; but,
to the
thorough ventilation of the question by competent
thanks
political economists and statis.icians, much sounder views are
now
generally held on this point. No douht^he political dis¬
quietude arising out of the events of the pa*t two years or so has
been injurious to trade, and it
may be admitted, too,.that the
policy of the English Government has helped to make matters
worse (though this latter
point must ever remain a matter of
opinion, as it is impossible to tell what effect a different
policy
would have had); but the causes which
produced ninety-nine
hundredths of the depression were at work
loug before there
were aDy signs of
political uneasiness. To ascribe the stagnation
in trade to what is called
to
attribute
our
one-sided free-trade
policy, and to
remedy, is silly, but harmless; but
any appreciable share of the comm°rcial depression
recommend “
reciprocity”
which has for
some
time
as a
existed with
more or
less
intensity in
every country of the world to the political policy of the British
Government (whatever opinion may
be entertained of that policy
on other
grounds) is worse than
ous,
data
inasmuch
as
silly—it is positively mischiev¬
hopes in the minds of our manu¬
work-people, and puts them on the wrong
it raises false
upon which to form an estimate of facturers and their
imports from other quarters. The Brazils will
probably tend scent in the search for remedies.
100,000 bales, against 131,000 last year; Smyrna 40,000,
The season 1870-71 was the most
against
prosperous period in the his¬
48,000; and the West Indies, &c 50,000, against 43,000 bales.
tory of the cotton trade. Both years also witnessed unprecedent¬
A recapitulation of the
foregoing gives the following supply for ed activity in all the other
great branches of British industry.
the nine months
ending September 30, compared with the actu il The American
railway mania which commenced in 1868, and
figures for the previous two years:
continued until 1872-73, occasioned an enormous demand fbr
\
IMrORT INTO EUROPE JAN. 1 TO SEPT.
30.
English rails; and the Franco-Prussian war, by withdrawing a
1879.
,
.
1878.
American
East Indian
2,850,000
780,000
Egyptian
2.369,000
40,000
50,000
3,947,000
513,000
3,925,000
654,000
3,949,000
911,000
127,000
Brazilian
100,000
Smyrna
West Indian, &e
Total
Stock, 1st January
Total supply
4,460,000
Stock, 30tli Sept
1877.
2,784,000
705,000
213,000
132,000
48,000
43,000
Deliveries
The total
858,000
234,000
337,000
86,000
65,000
4,579,000
654,000
4,860,000
1,001,000
3,925,000
3,859,000
multitude
of French and German
operatives and artisans from
industrial employments, led to an abnormal demand for
English
textile manufactures.
As we observed in our annual
report for
1871—“ Every branch of trade h is
experienc d a most extraord¬
inary expansion, and the condition of the working classes has
been
of
unexampled prosperi y.” The prospeiity of the cot¬
marred in 1812 by the semi-failure of the American
cotton crop; but there was no diminution of
activity in other
branches of industry, nor was there any material reduction in the
outturn of cotton goods.
During the three yea’s the cost of
producing all kinds of manufactures was greatly increased, owing
one
ton trade was
supp’y for the nine months is, therefore, 119,000 bales
less tlnn last year. The
average weight of the estimated import
(3,947,000 bales) i3 430 lb., end tbe total weight, 1,697,000,000 b
to the rise which was established in the
rate of wa,res and the
or 4,243,000 bales of 400 lbs.
each. The average
advance which took place in the
weekly consump¬
prices of iron, coal and all
tion for the whole of last
year in hales of 400 lb. was 56,500 in kinds of textile and other raw materials.
In 1872 the French and
Great Britain and 47,300 on the Continent—a
total of 103,800 German manufacturing industries began to recover from the
bales.
The present rate of
consumption is perhaps not less than effects of the war, and in 1873 the demind for English manufac¬
the average of last year for all
Europe. Supposing no further tures commenced to fail off; the more so as the prices of the lat¬
improvement to take p’ace, and the deliveries for the
thirty-nine ter bad been seriously advanced by the increased cost of produc¬
weeks not to exceed 103,800 bales
per week, the quanti’y taken tion to which we have already referred. In 1873 came financial
from the ports would be
4,048,000 bales of 400 lb., or 3,765,000 disturbances on the Continent, particularly in Germany. In the
bales of 430 lb., which latter
figure deducted from the above same year recurred a breakdown of the railway mania in America,
total supply—4,460,000 bales—would leave
a stock of
695,000 upon which commenced the disastrous re-action since experienced
bales in the ports of
Europe on the 30th September, against in the coal and iron trades. At the end of that year French and
654,000 bales last year
German cotton manufacturers had
fully regained the ground lost
THE OUTLOOK.
during
the
war, but meanwhile English spinners and manufac¬
The foregoing calculations show that with an
American crop of turers had gone on
increasing their production. T< e same was
from 5,000,000 to 5,100,000 bales there will be
sufficient cotton to the case in respect to coal and
iron, the demand for which fe’l off
maintain a rate of
consumption during the first three quarters of in consequence of the
sharp
competition
developed on the Conti¬
1879 equal to the
weekly average of last year—leaving the nent by the extravagant advance of
prices in England. At the
stocks in the ports rather
larger on the 30th September than at end of 1873, therefore, there was an excessive stock of
g ods of all
the corresponding date in
1878, with also more liberal stocks in kinds everywhere.
Nothing
very serious would have happened,
the hands of spinners. But there will be no room
for any expan¬ perhaps,
if
the
goods
had
been
produced at low or even at normal
sion of moment, and the stocks in the
ports will, throughout the prices; but they were produced at a most
extravagant cost. In
year, be smaller than could be desired for the interest of
consum¬
fact the industry of the
country
was
suffering
more from dear
ers.
Therefore, looking at the moderate, not to sav low,
range than over production.
In
the struggle which
1874
commenced
of prices now current, the
chances are against any important or has since continued a:ainst the
Nemesis of inflation.
The fail¬
long-continued downward movement ; but unless trade im¬ ures of the
Collies; the Glasgow Bank; Smith, Fleming & Co., and
proves to an extent sufficient to
bring about an increased rate others, have disclosed the desperate means to which resort was
of consumption, it is not certain
that we shall witness
any seri- had to avert the inevitable consequence of what may be termed
ious advance.
,
commercial intoxication.
At the moment there
are
very distinct indications of the
near approach of the
much-desired improvement.
There i3 a
little more basinpss
doing in some of the markets than
no
da ing
the greater part of last
year, and financ'al affairs have ceased to
be a source of
anxiety; but there is still a great deal of feeble¬
ness, and
there
are
no
signs sufficiently clear to
-expectation of an immediate change for the better.
a
step in the right direction, the public mind is
better infornjurfl about the
causes
warrant the
However, as
gradually becoming
which originated the
long-con¬
The period of re-action has been
prolonged by the deficient
the famines in
food crops in Europe in 1875, 1876 and
1877; by
India and China in 1877 and 1878;
by ihe rise
in the value of
gold; by tbe disturbed state of the Eastern exchanges, occasioned
by the fall in the value of silver, and, more or less, by political
uneasiness; but while the past five years have witnessed dimin¬
ished power of
consumption in all the great markets of the
world, they have also seen increased power of production
amongst our various
foreign competitors.
We drew special
February 15,
attention to tLis
THE
1879.]
CHRONICLE
165
important matter in
our Autumn Annual, issued
dry goods) Feb. 6 and for the week ending (for general
we have little to add to what we then said. merchandise) Feb. 7:
FOREIGN IMPORTS AT NEW YORK FOR THE WEEK.
But two things are certain—1st, that the increase of successful
1876.
1877.
1878.
1879.
foreign competition during the past five years was largely due to Dry Goods
$2,425,-267
$2,070,752
$1,95^,119
$3, 286,258
General
merchandise...
the impetusc,given to foreign industries by the increased cost of
2,765,251
2,500,114
1,681,563
5,344,869
Total
for
the
week..
production in this country between 1870 and 1874: and, 2nd, that
$5,210,518
$4,570,333
$3,849,662
$8,6:0,618
Previously reported
34,457^274
21,578,279
27,55 J,481
if English cotton yarns and fabrics are to recover the ground
21,185,314
they
Total since Jan. 1.; $39,667,792
have lost, or even to hold that w ich they still retain, the cost of
$34,149,165
$81,494,163
$32,816,462
In our report of the dry goods trade will be found the
production must be reduced. That is to say, greater economy
imports
of dry goods for one week later.
must be exercised‘by the masters, and lower
wages must be
The following is a statement of the
exports (exclusive of
accepted ly the operatives—either in the form of a reduced rate from the port ol New York to foreign ports for the week specie)
ending
of remuneration for work now done, or in the
shape of an Feb. il:
EXPORTS FROM NEW YORK FOR THE WEEK.
increased amount of work for the mom y now received.
Of the
1876.
1877.
1878.
1879.
two we believe that the operatives would
prefer the latter alter¬ For the week
$1,557,375
$4,977,839
$6,949,877
$6,^17,253
Previously reported,... 25,0J0,937
28,9; 2,59 3
native.
30,899,869
The last Factory Act, reducing the
27,435,205
working hours to
Total since Jan. 1.. $29,558,312
nine per day, was passed during the inflation
$33,840,437
*37,849,737
$31,302,463
period, and came
The following will show the
into operation on the first of
exports of specie from the port of
January, 18?4‘. There is not the New York
for the week ending Feb. 8. 1879, and also a com¬
least doubt that if this act had been brought forward in
1878, parison of the total since Jan. 1, 1879,
with the corresponding
instead of 1873, it would not have had the
slightest chance of totals for several previous years:
being passed. Without endorsing the statements sometimes Feb. 6—Schr. Hattie Haskell
St. Bias, U. S. C..Araer. silver coin.
$250
Feb. 6—Str. Republic
Liverpool
Amer. siiver bars.
made, that, as a body, the American operatives are superior, and Feb. 8—Str.
26,000
City of Berlin
Liverpool
Amer. silver coin.
2,0C0
Feb. 8—Str. Mosel
those of the Continent very little inferior, to those of
Amer. silver bars.
...Southampton
57,396
Lancashire,
London
Amer. silver bars.
109,COO
we decline to believe that our
English operatives, as a body, can
Mex. silver bars..
75,060
turn out as much 'work in nine hours as their
competitors can
Total for the week ($2*10,643 silver, and
gold)
$260,645
with the same machinery, in ten to twelve
hours; and we are Previously reported ($1,177,943 silver, and $44,343 gold)
1,227,291
satisfied that this is a question to which the operatives will
Total since Jan. 1, 1879 ($1,438,594 silver, and $49,343
gold)
$1,487,937
Same time In—
1|
before long have to give their attention.
Same time in—
No permanent good 1878
1 1871
in October
last^ and
.
...
‘
will be done until
....
both masters and
men
have returned to the
frugal and industrious habits which laid the foundation of our
manufacturing supremacy, the abandonment of which, during
times of bubble prosperity,
promottd that rapid growth of suc¬
cessful foreign competition from the influence of which the trade
is now suffering.
ELLISON & CO.,
Cotton Brokers.
7 Rumford street,
2£Xmielat*g=<CommcrciaX gngXislx 2tcurs
Cable.
The
daily closing quotations in the markets of London and
Liverpool for the past week, as reported by cable, are shown in
the following summary:
London
of
bullion in the Bank
England has increased £059,000 during the week.
Sat.
Mon.
Tnes.
Wed.
Thar.
Feb 8.
Feb 10. Feb. 11. Feb. 12.
Feb. 13.
Silver, per oz
d 49 %
49 9-16
49 9-16
493*
49%
UoutfoiB lor money.
-6 5-16
16 6-16 % 1 16
96 3-16
96 3-16
**
account. 9r- 5-16
96 3 16 96 1-16
96 3-16
96 3-16
D.8.6S (5-20b) 1867... .10 3%
104
io>;%
103%
103%
O.S. 10-408
11>7
116 £
106%
107*
xl0r.%
U. S. 58 of 1881
li 6%
.106%
IC6%
10:%
106%
U. 8. 4)^8 of 1891.
.1(9
lr8%
108%
103%
X;07%
Erie com stock
2i*
**6%
25%
2)%
25%
Illinois Central
90
9 >l/i
SO*
x87
90*
36
Pennsylvania
36
36%
36
25%
Phila. & Reading...
13
13
12%
Fri.
Feb. 14.
4i%
.
,.
.
..
.
.
96%
103%
105%
106%
107%
25%
87%
Liver-pool Cotton Market.—See special report
Liverpool Breadstuff* Market.—
Sat.
d.
Flour (extra Siatc).... Wbh\ 23 0
Wheat, spring,No.2 IS 10 ! lb
...
do
do
“
No. 3
7
6
do
winter W. new “
8 10
do
Southern, new. “
9 0
do
Av. Cal. white.. “
8 11
do
Cal. club
“
9 1
p.
Mon.
d
23 0
Taes.
•
s.
•
7 6
8 10
9 0
8 11
9 1
....
•
•
23
•
*
Pork, Wes‘em
0
8 11
9 1
4 9%
4 7%
4
4
^
23
•
d.
0
Fri.
d.
8.
23
0
....
7 6
8 in
9 0
8 11
9 1
9%
7%
d.
s.
d.
s.
0
0
6
0
0
0
45
26
27
70
34
49
0
6
0
45
26
27
7)
34
49
26
26
Beef, prime mess, new.$ tc. 7 )
Lard, pripje West ...$ cwt. 33
0
70
0
33
49
49
0
Wei.
s.
6
“
Tues.
45
26
Chee3e, Amer. choice.
4
4
9%
7%
7 6**
8 10
9 0
8 11
9 1
4 9%
4 7%
0
0
0
d.
0
6
0
0
6
0
Thur.
8.
46
26
27
70
34
49
d.
0
6
0
0
3
0
Fri.
p.
48
25
27
70
33
49
d.
0
6
0
6
6
0
London Petroleum Market.Petrol’m. ref. $ gab
Petrol’m, spirits “
Sat.
Mon.
Tues.
Wed.
d.
d.
d.
d.
7%
7%- 8
11%-13%
7%
•
•
•
7%
•
•
Thur.
d.
Fri.
7%- 7%
7%-7%
d.
n%-i2%
©ormmerctal attaHttiscelXaneons
Imports
and
Exports
Week.—The imports of
week, compared with those of the preceding week, show
an
increase in both dry goods and
general merchandise.
The total imports were
$8,630,618, against $6,473,409 the pre¬
ceding week and $6,234,720 two weeks previous. The exports
for the. week ended Feb. 11 amounted to
$6,817,258, against
$7,60i,133 last we*k and $1,255,763 the previous week. The
following are the imports at New York for the week ending (for
last
periods ha re
same
:
Fr.b. 3—Str. City of Berlin.......Liverpool
Feb. 3—Str. Mosel
Bremen
Feb. 4—Bark Curacoa
Curacoa
4-^Str. Crescent City
.Amer. silver
Amer. silver
Amer. silver
Amer. gold
Aspinwall
Feb. 5—Str. Hadji
Feb. f>—Str. Saratoga
Feb. 7-Str. Claribcl
193
20
Amer. silver.
St.Johns
Amer silver
Havana
Amer. gold
Amer. gol l
Kingston
for
the
14,876
....
...
300
.
800
410
37,099
'
..Amer. silver
Foreign silver
gold)
Previously reported ($317,987 silver, and $217,66o gold)
Total since Jan.
Same time in—
1878.
1877
1876
1875
1874
1873
$49,152
266,198
....
For ign silver
Amer. >.o'd
Gold du-t...
6,239
4.841
15.317
.
..
2,880
$393,325
1,065,653
1, 1879 ($1,234,002 silver and $229,976 gold)..,.. $1,483,973
Same tune
$2,801,362
1,884,117
418,126
158,191
855,631
147.212
in—
1872
$252,526
1871
391,498
1870
1869....
1868
1867
2,836,978
1,730,440
299,987
181,879
outstanding when Act of June 20, 1371,
National bank notes issued from June 20, 1874, to Jaa.
14. 1375
National bank notes redeemed and retired between
same dates
was
$349,394,182
$4,734,500
2,767,232
National bank notes increase from June 20, 1574, to Jan. 14, 1875.
1,967,263
National bank notes outstanding Jan. 14, 1875
National bank notes redeemed and retired from Jan.
11, 1875, to date
National bank notes surrendered between
Total redeemed and surrendered
National bank notes issued between
Decrease from Jan. 14,
Mon.
mess..^ bbl. 45 0
Bacon, long cl’r, new.$ cwi. 26 0
“
follows
pissed
Thar.
s.
7 6
8 10
9 0
8 11
9
1
9
...
d.
0
b.
7 6
8 10
....
Sat.
s. d.
new
as
February 1, 1873:
Liverpool Provisions Market.—
Bacon, short c.’r.
been
National bank notes
13
on cotton.
Wed.
d.
23 0
8.
,
“
j 1866
1,775.0431
The imports of specie at this port for the
1872
The following is the statement of the Comptroller,
showing
the issue and retirement of national bulk notes and legal-tender
notes, under the Acts of June 20, 1874, and January 14, 1875, to
.
prime, new,
9.657,551
9.804.904
...
9n%
.
do
1869
Total for the week ($333,015 silver, and $12,310
Money and Sto-k Market.—The
Corn, mix. eft, old, $ cental.
I
12,253.3311 i1868
4,657,922 | 1867
1874
t«73
Feb.
Reports—Per
1 1870.
...
Liverpool, January, 1879.
English. Market
1877
1876
1875
National bank notes
same
same
dates.
dates
$751,861,450
$72.07",059
10,629,672
$32 705,731
53,775,130
1875, to date
28,980,604
outstanding at date
$322,930,940
...
Greenbacks on deposit in the Treasury June 20, 1874, to retire
notes of insolvent and liquidating b i >ks
Greenbacks deposited from June 20, 1374, to date, to retire na¬
tional bank notes
Total
deposits
Circulation redeemed by Treasurer between
re-issue.....
Greenbacks
on
—Messrs.
82,701,857
$36,515,532
same
dates without
74,843,292
deposit at date
Greenbacks retired under act of
G.eenbacks outstanding at date
$3,813,675
$11,672,24)
January 14, 1875
$35,318,984
'$ 346,631,018
Porkins.
Livingston, Post & Co., of No. 23 Nassau
limited amount of San Francisco gold sink¬
ing fund bonds, issued for the widening of Dupont street. These
bonds have recently been passed upon by the Supreme Court of
California, and their legality declared. The City and County
Treasurer has just called for $10,800 of these bonds, to be re¬
deemed for the sinking fund.
—The monthly dividend of thirty cents per share has been
declared by the Homestake Mining Company for January, payable
at the office of the transfer
agents, Wells, Fargo & Co., on the
street,
are
2oth inst.
offering
a
•,
22..4410908——FBaurrmgeetss’own
«
166
THE
CHRONICLE,
[VOL. XXVIII.
Closing prices at the N. Y. Board have
llxc ^BauhciV dasjette.
Interest
Period.
NATIONAL BANKS ORGANIZED.
The United States Comptroller of the
Currency furnishes the
following statement of national banks organized :
National Bank, Burgettstown. Pa.
Authorized capital,
$50 000; paid-in capital, $30,000. Johlf L. Proudfit, President; James
L.Patterson, Cashier. Authorized to commence business Feb. 4, 1879.
National Bank of Danville. Kentucky.
Authorized capital,
$100,0C0; paid-in capital, $51,000. James G. Cecil, President; G. W.
Welsh, Jr.. Cashier. Authorized to commence business Feb. 10, 1879.
National Bank of Rome, N. Y. Authorized capital,
$100,000;
^paid-in capital, $100,000.
R. M. Bingham, Vice-President; Samuel
Wardwell, Cashier. Authorized to commence business Feb. 10. 1879.
DIVIDENDS.
The following dividends bav^ recently been announced
:
6 s, 1881
reg. J.
coup. J.
6% 5-20s, 1867...reg. J.
6s, 5-20s, 1867 .coup. J.
6s, 5-20s, 1868...reg. J.
6s, 5-20s, 1868 .coup. J.
5 s, 10-40S
reg. M.
5 s, 10-40s
coup. M.
6s, 1881
5s, fund., 1831.. .reg.
5s, fund., 1881..coup.
4*28, 1891
reg.
4*28, 1891
coup.
4s, 1907
reg.
4s, 1907
coup.
6s, cur’cy, ’95-99. reg.
*
Per
Name
op
Company.
Cent.
When
Payable
Books Closed
(Days
5
On dem.
J.
J.
J.
J
J.
J.
Feb.
*102
*102
Fel).
11.
10.
1057s
105 7s
sale
no
was
follows:
Feb?
12.
Feb.
13.
105 7g 1057s 105 7s 106
105 78 *10534 I057e 106
*102
*102
*102
‘102
*102
102
*102
102
*10238 *102*4 *102*4
‘102*2 *102*4 *102*4
S. 102*4 *102
102
S. *105
*104*2 *104*2
Q.-Feb. 104*2 10438 *101*4
Q.-Feh. *1043s *104*4 1043s
Q.-Mar. 10478 *10458 *10478
Q.-Mar. 106 * 105 78 *106
Q.-Jan. 100*8 100
100
100
Q.-Jan. *100
*100
J. & J. 121*4 121*4 *121
price bid;
as
*102*4
*102*4
102*8
*104*2
1043s
10138
10434
Feb.
14.
106*8
106*8
102*6
*102
*102*4 *102*4
*102*4 *102*4
*102
102
104% *10434
1043s 104*4
10438 104*4
*1057s
*104% *1045g
106
*1057e
100
"100
*121
*100
*100
*121
‘100
*100
1213g
made at the Board.
.
inclusive.)
Insurance.
Sterling Fire
Tliis is the
«fc
&
&
&
&
&
&
&
Feb.'
8.
been
The range in prices since Jan.
class of bonds
outstanding Feb.
1, 1879, and the amount of each
1, 1879, were as follows:
•
Range since Jan. 1, 1879. |
FRIDAY, FEB. 14, 1879-5 P.
Lowest.
M.
The
Money Market and Financial Situation.—The
pres¬
ent week has been, to a
great extent, the
repetition of its
predecessors, in the general tone of buoyancy and confidence in
financial circles. The speculative transactions in stocks have not
been of so large a volume, but
prices close, in many cases, near
the highest point which lias been made in the
present upward
6s, 1881
cp.
6s, 5-20s,’65.cp.
6s, 5-20s/67.cp.
6s, 5-20s,’68.cp.
5s, 10-40s... cp.
5s, fund.,’81.cp.
4*2S, 1891 ..cp.
4s, 1907
cp.
10i>7s Feb.
10i%
102*2
1043s
x04 *4
104%
993g
6s,cur’ncy.reg. 119*2
1
Highest.
8 1067s Jan.
Amount Feb. 1,1879.
Registered.
Coupon.
17:$200,853,600 $81,882,750
..j
Jan. 24 1023s Jan.
2!
Feb. 3 104% Jan.
4!
Jan. 28 1083s Jan.
4;
Feb. 14 107*2 Jan. 15;
Jan.
2 106*4 Jan. 29!
Jan.
3 100
Jan. 23!
Jan. 4 1213s Feb. 141
movement.
18,205,650
124i835i300
7,879,900
184,771,500
16,268,000
144,300,900
254,769,000
165,539,700
190,068,250
64,623,512
21,197,300
50,265,400
253,671,350
84,4 60,300
140,631,750
From Washington the news is not so favorable, as
State and Railroad Bonds.—There is
some movement in
Congress has made appropriations for pensions, which call for an
Southern
State
estimated expenditure of $41,500,000, and has
bonds; caused by the various proceedings in the
provided no means
several Legislatures, and in Tennessee
for the payment thereof.
by the suit against the
Under these circumstances, Secretary
Sherman reports the fact that there will be a
railroads, but nothing definite has yet been settled.
deficiency in the
Railroad bonds continue to be in
revenue of about
large demand, and there is
$27,000,000, which must be made up either by
increased taxation or by
every
prospect
that
will
be
they
for eagerly so long as the
sought
borrowing money through the issue of
Government is calling in its 6 per cent bonds.
new bonds.
There is small prospect of
Prices are neces¬
any increase in taxation,
and it will b3 a sorry spectacle to see the
sarily
it
no
unusual
strong,
and
is
matter
to
observe
an advance
Government issuing new
of 2(33 per cent in a single day in the
bonds to pay its current appropriations, at the
low-priced bonds which
present time, when
specie payments have just been resumed with great ecl(Q, and -had not previously been selling up to their value.
Messrs. A. H. Muller & Son sold the
economy in every department of the State, City,
following at auction :
or general
Shares.
Bonds.
government is the imperative demand of the hour.
143 Penn. Coal Co
136
$5,000 Jersey
^
*
Our local money market lias been
easy
at
during most of the
week
2@3 per cent for call loans on miscellaneous collaterals, and
1@2| per cent on governments. On Thursday afternoon there
was a
sharp advance in money to stock brokers, and 5@7 per cent
was paid, and
to-day the range was 3(3:5 per cent.
The Bank of England statement on
Thursday showed a gain
in specie for the week of
£659,000, and the reserve stood at 43£
per cent, against 39^ the previous week; the discount rate remains
unchanged at 3 percent. The Bank of France showed an increase
of 8,125,000 francs in
specie.
The last statement of the New York
City Clearing-House banks,
issued February 8, showed a decrease of
$3,739,425 in the excess
above their 25 per cent
legal reserve, the whole of such excess
being $14,137,875, against $17,877,300 the previous week.
The following table shows the
changes from the previous week
and a comparison with the two
preceding years.
1879.
Feb. 8.
Differ’uces fr’m
previous week.
Loans and dis. $242,280,200 Inc
Bpecie
Circulation
Net deposits
.
Legal tenders.
219,387,300
51,135,4.00
1877.
Feb. 10.
.$4,033,800 $243,050,300 $256,817,100
17,849,300 Dec.
19.427,100 Dec.
..
1878.
Feb. 9.
Inc.
Dec.
784,000
59,500
168,100
2,913,400
32,146,900
19,687,100
211,713,000
34,877,000
35,616,600
15,635,400
500 Central Coal Co. of Penn. 15
100 Hazclton Pet. Co
$1
5 Bowery Nat. Bank
.147
7 Butchers’ A Drovers’ Nat.
Bank (new stock)
97
8 Knickerbocker Fire Ins.. 81
30 Home Ins
125*2
5 Greenwich Ins
303
5 N. Y. Fire Ins
127
6 Home Ins
...125
10 Atlantic Tus. of B’klyn... 77*2
400 Bankers’ & Brokers’ Asso.$5
10 Second Avenue RR.
25
100 Penn. Coal Co
135U
76 Jersey City Gaslight Co.. 141
25 Wilcox & Gibbs Sewing
Mach. Co
$31
28 Oswesco & Syracuse RR..110
TO Nat. Burg, ez Theft Ins...
2
Bonds.
*132 Am. Fire Ins. scrip, viz.:
.
$42 of 1872, $20 of 1873,
S30 of 1874,
S20 of 1876
$20 of 1875,
States.
Bonds.—The market for government bonds
exceedingly active, and the Treasury Department lias
called in $20,000,000 more of the five-twenties of
1867—this call,
together with all others not yet matured, (except that due Feb.
Louisiana consols
Missouri 6s, ’89 or
North Carolina 6s,
Tennessee 6sf, old
has been
16), being given on another page as a complete record of the num¬
bers of bonds called for
redemption and the dates at which they
will be paid.
One feature of the market this week was the im¬
do
Dist. of
*
do
i
j
#
U. S. 6s, 5-208,1867
U. S. 58,10-408
5s of 1381
4*28 of 1891
!
j
T
Jan.
31.
j 10378
Feb.
7.
Feb.
14.
Range since Jan. 1, 1879.
Lowest.
103% 1037a 1033s
lOOkj x05k- x05
106*2 1063s 106*4
|109i* 109
x07°8 107*2
1107
1107
Highest.
Jan. 23 1047s Jan.
2
Feb. 14 111
Jan.c 7
Feb. 11 109% Jan.
4
Jan.
2 109*8 Jan. 29
*18
Feb.
14.
*74
*18
*41
*74
*36
80
*36%
313s
38*2
2d series..
Railroad and
lative business.
money for its
in paying pensions, it may seriously check the
sales of 4 per cents to investors.
Closing prices of securities in London for three weeks past and
the range since Jan. 1, 1879, were as follows:
& St. Jolinsbury & Essex
Co. RR. of Vermont 1st.
mort. 6s, due 1891
16
Range since Jan. 1,1879.
Lowest.
18
36
Highest.
Feb.
6
Jan. 14
Feb.
Jan. 21
79*2 Jan.
69
Jan.
6
106*2 Feb. 12
8 20*8 Jan.
8
3
42
Feb. 13
82
Jan. 24
This is the price bid; no sale was made at the Board.
has been
current expenses
99*2'3>100%
1st mort. 7s
84
43,000 South Side RR. of
L. L 1st mort. s. fund 7s.. 31
16,000 Lamoille Val. Montp.
57 &8 *57
54
*105*2 *106*4 105
’90
old
Columbia, 3-65s
provement in sixes of 1881 and ten-forties, the .holders of these
they
day.
Feb.
7.
Vironnia fifl- consol
bonds
somewhat from their fear that
might be compelled to take cash for their bonds at an
early
Should the Government issue new bonds to raise
1890
3,000 South Side RR. of L. I.
Closing prices of leading State bonds for two weeks past, and
Jan. 1, 1879, have been as follows:
232,035,100
United States
Central Park impr. fund
stock, due 1887.
106%
7,000 N. Y. City ^>s, reg.
Central Park impr. fund
stock, due 1887
107*s
15,000 Third Av. RR. 7s, due
the range since
43,786,700
having recovered
70
5,000 Jersey City 7s, impr.
bonds, due 1891
99
10,000 S. C. 6s of 1888, nonfundable, Jan., 1872, cou¬
pons on
1%
City 7s, rev.
bonds, due 1886
99
7,680 Wabash Equip. Co.
trustees’ cert., int. 8 p. c.
12 certs, of $800,
per an.
less $160 paid on each.... 8512
10,000 Tol. & Wab. RR. 7
p. c. equipm’t bonds, due^
1883, May, 1875, coup. on.
9*2
5,000 Utah So. RR. 1st mort/
7s, due 1891
75*s
40,000 United Railroads of
N. J. 6s, due 1901
A. 114
4,500 N. Y. City 6s, reg.,
either
on
Miscellaneous Stocks.—The stock* market
steady and prices
the hull
current is
very strong on a fair volume of specu¬
has been no important move in stocks
bear - side, but it is evident that the under¬
There
or
strong, and notwithstanding the large advance in
prices made since January 1, there is no disposition to sell by the
parties who have come in at the higher range of prices. At the
present moment Lake Shore is about the weakest of the promi¬
nent stocks, and one of the street rumors lias it that Mr. Vander¬
bilt has been a free seller, but this rumor almost invariably fol¬
lows any weakness in Lake Shore.
Erie is steady at 25£ to 25|,
and it is tolerably certain that this market has taken a good deal
of stock from London and will have, to take considerably more, as
the confidence in it here is greater than on the other side.
It is
also to be remarked that Erie is the only low-priced stock
among
the really active leading speculative favorites of the New York
/
February 15,
'
■
THE CHRONICLE.
1879.]
market—that is, of any company not now in default on
its bonds.
St. Paul common is about the next to
it, and sells to-day some
15 points higher. Net
earnings of railroads for 1878,
yet obtainable, will be found on another page.
The daily highest and lowest
prices have been
Saturday,
Feb.
Canada South
Central of N.J.
Chic. & Alton.
Chic. Burl.& 6.
C. Mil. & St. P.
do
pref.
Chic. & North.
do
pref.
C. R. I. & Pac..
Clev. C. 0. & 1.
Clev.& P., guar
Col. Ch. & I.C.
Del.& H. Canal
Del. Lack.& W
Erie
do pref
Han. «fc St. Jo..
do
pref.
Illinois Cent
Kansas Pacific
Lake Shore
Monday,
8.
Feb. 10.
Feb. 11.
Feb. 12.
82%
62%
86%
128*
44%
93%
42%
83%
63%
87%
131%
44%
94
Feb. 13
40%
41%
39% 41% 3994 41
39%
81% 8294 81% 81% 8196
61% 62% 60% 62% 60%
86% 87% 86% 87% 86%
130% 130% 130 130% 130%
43
44
43% 45% 44
x92% 939s 93% 93% 93%
5%
6%
6%
5%
42
43
43% 43% 44
52% 53% 52% 54
52
25% 2594 25% 25% 25%
48
4794 48
48% 48
14% 15% 15
15% 15
4194 43% 42% 43% 4194
88% 889s +88% 88% X85%
Friday,
Feb. 14.
40% 40% 41%
82% 82% 82%
«1% 8194 629a
87%
132
132^
131
44% 44% 45%
93
93% 93
6
8
6%
43
43% 43%
53% 52% 53%
2596 25% 2591
48% 48% 48%
15% 15% 15%
42% 43
43%
8594
“
IIS
13*
88*
$1“
..
a?*
8^
....
...
are
as
55% 58 j 55% 55%
56
5594 56
58~ 57% 58
42% 43*41 4291 43% 43% 44% 4394 45
43% 44% 45
4594
80% 86%; 86% 87
t6% 86% 86% 8694 *86% 87
86% 86%
117% 118 1118% 1133% 118% 118% 119 119% 118%
120
120
119%
41%
.
These
t A sale
far
follows:
as
Tuesday, Wedn’sd’y Thursday,
81% 82%
61% 62%
86% 87%
130
131%
43% 44%
94% 95
6
5%
41% 42% 42% 42%
52% 53
52% 53%
25% 26
25%
48
48% 47%
15% 16% 15%
41 %* 4234
87% 88
88%
12
12
12
11% 12
”1%
12%
72
7194 72%
7094 71%
096 71%
Michigan Cent 88% 89
87%
8794 88%
796
8894
Mo. Kan.& Tex
6%
6%
6%
e%
7
Morris & Essex 84
84%
85
85%
496 85%
N.Y. C. & H. R. 116% 117 1116% 117
116%
11594
116%
Ohio & Miss... 11
12
| 11% 12%
12* 12
12%
Pacific Mall.... 13% 13%: 12% 12% 12%
13% 13% 1396
Panama
129
129
130
130
130
133
133
13294
Pitts .Ft. W. & 0.! 106
107
107
106% *105%
107
107
St L. I.M.& So. M5
16
! 15% 16 *15
*15
16
St.L.K.C.& No.
8%
8%
8%
8%
8%
do
pref. 30% 36%! 36
36% 3594 3696 3594 36%
Sutro Tunnel.
4
8%
3%
4
3v
3%
3% 394
Union Pacific.. 67
67
! 65% 67
65% 66% 65% 66%
Wabash
22% 22% i 22%
22% 22% 21% 22
West. Un. Tel. 1100% 100%|100% 100%
99% 10096 99% 100%
*
so
the prices bid ana asked; no sale
made ex-dividend at 85%.
was
was
*11
70% 7096
88% 88%
6%
6%
85
85% 8494 85%
116% 116% 116%
11% 12% 11%
13% 13% 13% 1394
Ml
132
132
13194 132%
103
i|% 1594
*106
16
107
10
'8%
3594 3594 30%
3%
3%
394
6696 67% 6.7% 08%
2194 22% 2194 22%
98
99% 98%
36^
made at the Board.
Total sales this week, and the
range in prices for 1878
since Jan. 1, 1879, were as follows:
-—Latest earnings reported.—vJan.l to latest
date.->
Week or Mo.
1878.
1877.
1878.
1877.
Atl. & Gt. West...December.
$292,369 $303,446
$
$.
Atlantic Miss.& O.December. 143,240
162,085 1,718,456 1,776,018
Burl. & Mo.R.inN.December.
132,136
131,870 1,909,518 1,368,502
Chic. Burl. & Q...November. 1,296,082
1,232,118 13,042,978 11,517,139
Dakota Southern.December.
19,060
15,185
219,294
206,542
Denv. & Rio G...November.
117,805
80,083 1,033,490
700.238
Houst. & Tex. C..December. 380,477
358,828
Naskv. Ch.& St.L.December.
149,552
163,064 1,631,681 1,749,209
Phila. & Erie
December. 225,308^ 257,742 2,921,060
3,172,992
Pbila. & Reading.December. 881,656
.
St. Paul & S. City.December.
Sioux City
St. P.December.
Total sales of the week in
St.
Paul.
*and
1,304,004 12,809,144 14,396,342
49,570
35,928
55,740
Southern Minn... December.
St. Paul
pref.
Canada Southern
Central of N. J
Range since Jan. 1, 1879.
Lowest.
6,000
45*4 Jan.
33% Jan.
2,207
79*4 Jan.
1,544 111*8 Jan.
99,760
34% Jan.
30,705
7434 Jan.
61,440
495s Jan.
76 7e Jan.
90,805
Jari.
11,668 119
5,192
34% Jan.
8,652
84% Jan.
5
7,527
Jan.
38
Jan.
4,517
43
111,260
Jan.
94,500
21*8 Jan.
3,800
37*2 Jan.
6,635
13*4 Jan.
34
Jau.
11,285
80
6,475
Jail.
750
9*8 Jan.
67
136,280
Jan.
13,150
733* Jan.
13,550
535 Jan.
15,400
75*8 Jan.
2,812 1125s jan.
56,762
7% Jau.
4,700
1038 Jan.
"71,730
Chicago & Alton
Chic. Burl.& Quincy.
Chic. Mil. &St.P..
do
do pref.
..
Chicago & North w...
do
do pref.
Chic. Rock Isl. & Pac.
Clev.. Col. Cin. & Ind.
Clev. & Pittsb., guar.
Col. Chic.& Ind. Cent
Del. & Hudson Canal
Del. Lack. & Western
Erie
do pref
Hannibal & St. Jo.
'
do
do pref.
Illinois Central
Kansas Pacific
Lake Shore
Michigan Central....
Missouri Kan. & Tex
Morris & Essex
N. Y. Cent. & Hud. R.
Ohio & Mississippi...
Pacific Mail
Panama
Pitts. Ft. W. & Chic..
St. L. I. Mt. & South.
St. L. K. C. & North,
do
pref.
Sutro Tunnel
Union Pacific....
Wabash
Western Union Tel...
610
300
1,100
2,370
4,790
7,050
17,000
12,370
52,305
123
101
13
7
Highest.
3 58%
2 46
2
88
7 120
4 48%
4
3
3
8
2
2
4
0
2
4
2
4
10
2
21
6
2
4
3
7
4
13
Jan.
2
Jan.
4
Jan.
2
Jan.
2
25*2 Jan. 2
238 Jan. 16
57*2 Jan. 31
205s Jan. 8
943s Jau.
7
Jan.
Jan.
Jan.
Feb.
Jan.
85*2 Jan.
6538 Jau.
88*2 Jan.
132
Feb.
48*8 Jan.
95
Feb.
6*8 Feb.
45*4 Jan.
555g Jan.
273s Jan.
51*4 Jau.
163s Feb.
44
89
13
Feb.
Jau.
Jan.
7478 Jan.
90*4 Jau.
7
Feb.
86*4 Jan.
117*4 Jan.
12*2 Feb.
14
Jan.
133
Feb.
107*2 Jan.
17*2 Jan.
9
Jan.
383s Jan.
4% Jan.
68*2 Jan.
25
Jan.
103*4 Jan.
Range for
1878.
Low. High.
28
38
45*2
30
13*2 45*4
28 66% 85
14
99*4 114%
28 27*2 54 ?8
28 64
84%
27 32*2 55*4
28 59% 79%
14
983s 122
30 23
38*4
10 63% 85
11
2*8
63s
24 3438 5978
27 41
617s
25
75s 22*2
30 21*2 38
10 10
1678
10 215g 415g
30 7238 87
28
4
125q
28 557s 713s
27
58% 75
12
2
7*6
27
673s 89
30 1033* 115
10
63* 11*4
24
12*2 237e
12 112
131
24
85
102
24
6
1550
25
3*2
7»0
30 19
26*2
3
5
3*2
18
61*4 73
27 12*8 2370
30 75*4 102
Feb.
8
“
10....
“
14,850
16,075
11
5,400
7,500
14,500
5,200
4,450
“
....
12....
13....
14....
“
“
.—Latest Warnings reported.—s, Jan. 1 to latest
date.Week or Mo.
1879.
1878.
1879.
1878.
Atch. Ton. & S. F.4th wk Jan $93,000
$35,834 $315,500 $174,598
Bur. C. Rap. & N.lst wk Feb
23,903
34,411
141,265
199,822
Cairo & St. Louis. January ..
16,054
10,967
Central
Chicago
Pacific...January ..1,143,000 1,110,988
Alton.. 1st wk Feb
Chic. & East. Ill.. 1st wk Feb
Chic. Mil. & St. P. 1st wk Feb
77,150
16,047
133,000
65,804
14,999
187,627
Chic.&Northwest. January ..1,044,230 1,077,891
Clev. Mt. V. & D..4th wk Jan
9,812 “ 9,568
Dubuque&S.City.lst wk Feb
13,771
20,194
Gal. Houst. &H..January
48,932
41,966
Grand Trunk.Wk.eud.Feb. 1 190,707
185,374
Gr’t Western. Wk.end.Feb. 7
89,104
95,904
Hannibal & St. Jo.lstwk Feb
30,572
31,024
Illinois Cen. (Ill.)..January
450,581
487,750
do
(Iowa).January
100,573
136,909
Indianap. Bl. &W.4thwkJan
24,099
29,348
Int. & Gt. North.. 4th wk Jan
63,319
47,649
Kansas Pacific.. .4 th wk Jan
57,884
56,070
Mo. Kans. & Tex 1st wk Feb
48.336
44,165
Mobile & Ohio
January
190,000
271,992
Pad.& Elizabetht. January
25^191
27,767
Pad. & Memphis.. January
15,355
16,546
St.L.A.&T.H. (br8)lst wk Feb
11,550
‘ 8,402
St. L. Iron Mt. & 8.1st wk Feb
93,305
96,024
St. L. K. C. &No..lstwkFeb.
61,426
58,900
St. L.&S.E.(St.L.)3dwk Jan.
12,502
13,072
do
(Ken.).3dwk Jan.
7,275
6,410
do
(Tenn.).3d wk Jan.
2,470
3,608
Tol. Peoria A War. 1st wk Feb
21,030
32,960
Union Pacific
January"
690,541
697.500
Wabash
1st wk Feb
87,034
82.705
16,054
1,143,000
418,825
84,214
725,000
1,044,230
28,989
72,311
48,932
848,028
..
465,351
165,995
..
..
.
..
..
..
..
..
-
450,581
100,573
91,823
160,689
10,967
1,110.988
366,877
79,990
893.492
1,077,891
29,156
107,657
41,966
854,113
614,844
166,068
487,750
136,909
120,318
135,495
179,773
198,640
242,789
261,193
271,992
27,767
190,000
25,191
15,355
16.546
60.010
48,477
424,625
317,945
31,478
18,040
471,545
7,124
115,937
690,541
399,711
323,189
35,406
19,170
9.123
163,426
697,500
469,624
544.964
387,594
6G.976
643,081
342,938
689,085
follows:
were as
North¬ N’rtliw. Del. L.
west.
& West.
pref.
Lake
Shore.
Erie.
25,960
12,150
16,225
2,700
5,455
'
16,500
9,450
7,700
9,500
7,700
15,533
20,400
11,100
9,700
10,590
23,922
11,700
17,550
16,650
11,500
27,500
17,800
33,960
12,400
7,900
10,150
11,900
15,200
15,400
38,850
30,100
30,000
10,350
8,450
24,830
Total.
99,760 30,705 61,4401 90,805 111,260 94,500
136,280
Whole stock. 154,042 122,794 149,888 215,256
524,000 762,000 494,660
...
The total number of shares of stock
outstanding
last line for the purpose of
comparison.
is given in the
Exchange.—Foreign exchange is steady, and the asking rates
of leading drawers remain at
for demand.
The
4.8G£ for 60 days sterling, and 4.89
ruling of prices must depend largely on the
movements of bonds between New York and
foreign markets, so
long as the changes in Government bonds are taking place. On
actual business, to-day, the actual rates were about
lower
than the pasted rates.
Quotations for foreign
exchange
follows:
are as
60
days.
Demand.
Prime bankers’ sterling bills on London.
Good bankers’ and prime commercial...
Good commercial
4.84
Documentary commercial
4.83%@4.84%
4.88 ©4.88*4
4.86 **©4.87 *s
4.86 ©4.87
5.1834@5.1678
5.1834©5.1678
5.1834©5.1670
5.16*4©5.143*
5.16*4©5.1438
5.16*4@5.1438
,
Paris (francs)
Antwerp (francs)
Swiss (francs)
Amsterdam (guilders)
Berlih (reichmarks)
The
following
Sovereigns
are
4.85*2^4.86%
4.85*4©4.85%
4.88*4@4.89
@4.85
40*8©
95*8©
95*8©
95*8©
95*8©
Hamburg (reichmarks)
Frankfort (reichmarks)
Bremen (reichmarks)
40*4
9538
40*%©
953*©
9538
953s
9538
40*a
96
96
96
96
95 3*@
95%©
953*©
quotations in gold for various coins:
$4 83
©$4 87
Napoleons
3 83 © 3 87
X X Reichmarks. 4 72
© 4 78
X Guilders
3 90 © 4 00
Span’ll Doubloons. 15 70 ©15 95
Mex. Doubloons..15 50 ©15 65
Fine silver bars
108*4®
10834
Fine gold bars...
par.@*8prem.
.
Dimes & ** dimes
Silver *49 and **s
Five francs
Mexican dollars.
English silver
...
Prus. silv.thalers
Trade dollars
New silver dollars
—
—
—
—
9734©
—
—
94
8434©
—
85*2
—
4 75 ©
68 ©
97 *3®
—
993*©
—
—
4 80
—
70
—
—
98*a
99*4
98 3*@
92 ©
98*3
pari
BostonRauks.—The
banks for
1878.
Ang. 26.
Sept. 2.
Sept. 9.
Sept. 16.
Sept. 23
Sept. 30.
following are the totals of the Boston
series of weeks past:
Loans.
Specie. L. Tenders. Deposits. Circulation. Agg. Clear
a
S
$
$
s
131,615,700
132.125.900
2,768,100
2,731,600
3,010,000
3,022,600
3,022,100
3,047,600
2,963,100
2,563,800
2,557,600
2,?88.000
2,9'0,800
3,135,000
2,933,000
2,862,400
2.779.900
2.630.500
2.659.900
5,627,300
5,802,300
51,369,100
5,613,700
5,548,200
5,654,900
6,086,900
6,020,000
6,127,800
6,524,300
7.234,600
7,787,500
8,060,800
8,228,«00
8,655,500
8,112,900
7,483,500
7,296,300
2,851,300
6,416,400
3.851.900
3.898.6C0
3,435,9tX)
3.822.500
3.927.500
3,816,200
6,126,800
59,525,100
25.816,400
5,932,800
5,419,700
5,230.200
5,127 900
4,720,200
61,120,400
52,163,732
25,634,300
49,172.697
60,968,600
63,747,200
64,796,300
61,190,100
25.6t»,600
25,500,100
25,436,600
25,566,800
46,764,891
43,763.114
44,620,628
47,534,405
131,595, 00
130,741,00)
131,144,300
130.759.400
128.971.100
127.418.600
126.876.100
126,625,200
126.512.400
127.202.900
12(5,472,600
126.898J00
127/376,300
127,483,800
128,689,703
130,098,300
Oct. 14.
Oct. 21.
Oct. 28.
Nov. 4.
Nov. 11.
Nov. 18.
Nov. 25.
Dec. 2.
Dec. 9.
Dec. 16.
I'ec. 23.
Dec. 30.
1879.
Jan
6. 132,220,000
Jan. 13.
134.650.600
Jan. 20.
135.745.900
Jan. 27.
136.790.600
Feb. 3.
139,979,500
Feb. 10.
139.891.100
'
The latest railroad
earnings and the totals from Jan. 1 to latest
dates are given below.
The statement includes the gross earn¬
ings of all railroads from which returns can be obtained. The
columns unde.r the
heading “Jan. 1 to latest date” furnish the
gross earnings from Jan. 1 to, and including, the
period men¬
tioned in the second column.
604,186
33,797
leading stocks
Feb. 14.
Sales of
Week
Shares.
46,605
..
12%
69% 70%
WH SSX
167
53,434,200
25,427.700
53,866,100
52.264,600
52,240,2C0
53,263,400
54,956,500
56,258,400
55,244,900
55.713,800
5\036,9C0
55,932,300
56,433,300
25,407,300
25,473,100
25.388,000
follows:
Loans.
1878.
Aug. 23.
Sept. 2.
Sept. 9.
Sept 16.
Sept. 23,
Sept. 30.
Oct.
Oct.
Oct.
Nov.
14.
21
28.
4.
Nov. 11.
Nov. 18.
Nov. 25.
Dec. 2.
Dec. 9.
Dec. 16.
Dec. 23.
Dec. 30.
1879.
Tan. 0.
JaD. 13.
Jan. 20!
Jan. 27.
Feb. 3.
Feb. 10.
$
57,450,042
57,515,217
58,189,844
58,397,686
58,300,7*0
58,207,884
58,650.640
58,801,493
58,522/350
58,411,244
58,270,111
57,656,695
57.344,124
57,461,311
57,714,763
57,353.6.*8
57.107,459
56,949,772
57,272,281
57,777,337
57,673,6)9
57,614.478
57,138,02)
56,743,634
25^29,400
25,460.700
25,488,700
25.450,90#
25,311,400
25,400,000
25,937,200
25,424,700
56,217,600 25,359,400
Philadelphia Banks.—The totals of the
are as
s
25,0 0,400
51.904,500 25,008,200
52,390,800 25,231,000
52.090.700 25,441,100
53,081,700 25,466,10 )
s
33,442,865
31,659,013
38,080,092
38,484,171
42,643,331
38,344,352
47,046,050
45,5*7,518
41,489.955
44,823,641
45,810,772
47,970,092
44,426.281
36,257,603
46,164,103
42,352,385
45,064,725
38,486,361
Philadelphia banks
Specie. L. Tenders. Deposits. Circulation. Agg. Clear.
$
$
1
$
v
S
2,183,120 13,452,892
45,497,226 U,H0,9>5
23,731,264
2,172,809 13,547,329
45,806,145 11,191,223
24,754,736
2,166,353 13,302,270
45,504.418 11,1:34,010
28,719,076
2,109,431 12,812.555
45,515,333 11,190,001
29,582,427
2,003,043 13,004,807* 45,335,119 11,215,351
31,483,017
1,995,806 12,814,627
45/ 55,908 11,243,085
28,822,304
1,83 451 12,382,599
45,122,766 11/307,582
32.798,588
1,605,812 12,0:5,596
44,786,291 11/353,450
33,720,726
1,646.613 11,958,39 *
44,2:32.796 11,394,811
29,0S9,290
1,693.177 12,575,827
4 ,671,294 11/396,121
29.104,649
1,874,226 12,334,845
44.109,4:34 11,430,703
29.370,449
1,379,359 12,506/345
41,436,416 11,33,116
27,805,472
1,902.86? 12,618,399
44,112,833 11,393,361
31,023,406
1,946,959 13,022,453
21.195,262
45,144,517 11,395,817
1,996,059 12.740,471
44,816,112 11,386,822
37.596,551
2,056,397 12,640 356
41,240,055 11,384,275
28,809,821
2,168,142 13,220,3)3
4 4,650,121 11/379,546
32,208,916
2,461,523 13,127,307
41.903,227 11,371,466
26,410,362
,
15.873.233
45.693.721
11.364.651
15,5)6,56?
45,030,239
45,520,021
45,266,816
11,343,315
11,340,673
15,401,731
15,683,053
15,950,850
16,549,118
45,686,154
45.273,026
11,325,5+2
11,310,790
11/309,858
32.976,823
31.826,979
33,644,739
29,942,358
30,748,062
33,163,572
168
THE CHRONICLE.
New York City
Banks.—The following statement shows the
condition of the Associated Banks of New York
City for the week
ending at the commencement of business on February 8, 1879 :
Ifovrov,
[Vol. XXVIII.
PHILlDELPim, Etc.-Continued.
Bid. Ask.
SECURITIES.
SECURITIES.
Bid. Ask
AVERAGE AMOUNT OP
Loans and
Banks.
s
$
9,2)4,800
New York
2,000,000
Manhattan Co.... 2,’ 50,000
Mechanics'
2,0)0,000
Merchants1
2,0)0.000
Union
1,200,000
America
3,000.000
Phoenix
1,0 -0,000
6.220,700
6.197.100
3.963,600
S,"79,400
2.60 >,003
5,983,400
3,22o,OM
Tradtsraen’s
1,''00,000
Fulton
6 0,000
Chemical
300 000
Merchants1 Exch. 1,000,000
1,391,900
10,417,c00
3,195,300
Gallatin National 1,000,010
Butchers1 &Drov.
300. "00
Mechanics1 &Tr.
Greenwich
Leather MaufYs.
Seventh Ward..
3,362,200
1,131,6)0
1,181.000
7-9,2)0
3'X).00)
20J.0O0
6(10,000
300,000
2,46 5,400
902,800
1,894,100
State of N. York.
800,000
American Exhu’e 5,000,000
Commerce
Broadway
Mercantile
Pacific
Republic
am
People’s
..
.
Citizens1
Nassau
Market
St. Nicholas
53,800
2.352.300
3,480,300
345.3C0
46,300
515,7u0
468.300
1(0,300
4"7,100
817,300
129,10)
229,00)
1,02 >.2 !0
450,OX)
2,8*0,100
412,500
1,305.100
1,636,300
105.9)0
53,200
46,000
5,557,900
290,800
l,978p.00
96,200
338,100
54b, 000 2.908.000
500,000
3,000,000
600,000
1,0 X),Cx)0
11,873.000
1,671,700
130 4)0
2,014.3 W
2.624,100
500,000
1,000,0 0
23,200
28,700
51,000
329,000
2,(95,600
Shoe and Leather
£00.< 03
Corn Exchange.. 1,001,000
3,337.5))
3.532.700
1,0)0.000
3.620.100
8,5)0
300,000
!,336,500
2,293.000
36.100
10,900
Continental
Oriental
..
..
...
Marine.
400.000
Importers’&Trad 1,500,010
Park
2,000,0 '0
Mech. Bkg. Ass’n
500.001
Grocers1
300,010
North River.....
240.000
East liiver
250,000
Mannf’rs’ife Mer.
luO.OOO
Fourth National. 3,2 0,000
Central National. 2,0*) >,()00
Second National.
303, ( 00
Ninth National..
75',000
First National...
500,000
Third National.. 1,000,0)0
N. Y. Nat. Exch.
~
300,000
481,500
446,000
German Americ’n
Chase National /.
7,500
43,300
781,900
729,100
0,000
750.000
2,146 900
300,000
2,627,200
250,000
366.5)0
418,500
412.800
22 >, 700
329,000
1"7,"00
724,9 0
175,00)
b 6,200
92.200
90.200
148,30)
91,2"0
5.300
3.4,20)
14,239.600
7,514,000
S
1,937,800
743,600
1,404 500
$
41,000
500
83,800
44,51)0
70,2 K)
.
.
•
STATE
•
*
•
*
4l9,roo
179,300
894,000
2,261.8 K)
1,848,500
450,000
399,501
5,400
2,9)3,000
1,1^3,900
1,472,100
5, '63 2:0
4-3,^00
1,816.400
179,.00
10,153,000 2,187.00c
1.8)1,800
246.700
2,046,6)0
1,683,500
3,990
9,3,500
306.700
677,209
2,753,030
447,00)
2.09 ',9X)
4,700
2,8)3,600
1,139.700
772,100
466,900
296,600
0,900-
Tha following are the totals for
Loans.
1878.
Sept.
Specie.
S
23.
246,322,500
1879.
Jan.
4.
Jan. 11.
Jan. 18.
Jan. 25.
Feb. 1.
Feb. 8.
L1. Tenders.
S
Oct. 5. 247.881.900
Oct. 12. 248,634,300
Oct. 19. 216,593,100
Oct. 26. 245,108,>00
Nov. 2. 24 4, .511,81)0
Nov. 9. 240,2-4,200
Nov. 16. 2o7,b>5,500
Nov. £3. 234.917,700
Nov. 30. 23",43",400
Dec. 7. 239,815,500
Dec. 14. 2:^," 7,200
Dec. 21. 235,-..74,100
Dec. 28. 2-:5,8,4,40C
234,250.000
2)0,632,0 0
23), l1'8,400
234,416,200
23", .'41,400
242,21>0,200
a
t
18,199,600 45,680,700
17,599,700 43,362,200
13,991,100 42,150,800
15,547,300 40,729,100
19,860,500 39,902,500
24,144,11,0 40,219,000
26,373,200 39,155,400
2',405,400 39,938,200
23,414,400 40,583,200
2 .',9 .7,400
41,275,703
20,16",. 00 39,961,000
20,832,900 40,478,500
20,911,5)0 39,600,000
20,514,100 40,7t>7, 00
20,986,200
18,962,400
17.344,690
17,431,700
18.633,300
17,349,300
125,400
1,049.10G
1,473,000
269,000
355,400
45,"00
79^.290
268,600
225,0 X)
180,000
$168,100
59,5l0
19.848,80)
19,785,000
19,767,600
411,548,190
19,617,600
507,331.749
4:4,411.225
19,486,600
19,427,100
>,222,519
611,h74,03.‘
493,410,515
HCOTATIONS IN BOSTON, PHILADELPHIA AND OTHER CITIES.
SECURITIES.
Bid. Ask.
BOSTON.
34%
9a
116
do
68
Omaha A S. Western, 8b
Pueblo & Ark. Valley, 7b....,
Rutland 8s,1st mort
...
107% 108
1'0
!....
108%....
65
26
Vermont & Canada, new 8s..
Vermont* Mass. KR.,6a
Portland 6s
67
28
P8%' 98%
13 <% 131
I 65
l-
Boston & Lowel*
)....
do
109
Boston A Maine
Boston * Albany 7s
iio% in'
(Boston A Providence.
do
6s
i
,105
A Mo. In Neb... : 119% 120
Boston & Lowell 7b
’Cheshire preferred
Bob on & Lowed 6b
26
1
)
2>
( hie. Clinton Dub. A
Min
Boston A Maine 7s
49%
‘Cm. Sandusky A Clev
Boston A Providence 7*
Concord...
<8
Bun. A Mo., land erant 7s....
!....
114)4 315% Connecticut River
do
138% ;139
Neb. 6s
)106
& Paesumpslc
Conn.
do
46
;
j 47
Neb.6s, 138)
119 i....
Eastern (Ma68.).
Coen. A PasBumpelc, 7e, 15 i.
n%' u%
Eastern (New Hampshire)...
Eastern. Mass., b>*B, new.
..
....
jBurlington
i
•
....
....
'09% *«»H
Fitchburg RR., fa
do
Kan.
Is
•*
rity Top. A W., 7s, 1st
do
do
7s, luc.
117
LL8
.
..
!
Fitchburg
Kan. City Top. A Western...
Manchester * Lawrence....
iNashua A Lowell
;New Yoik A New England...
1O0. -100%
95
•10)
34
96
100
02%
65
20
21
60
,35
l94.
•
•
•
•
84
85
Ho%
*104%
110’
Camden A Atlantic
do
do
pref
Catawiaaa
87
do
istm. 68, cp. ’96. 100
do
lstm. 7s,’93
107
Western Penn. RR. 6b,op 1899
do
6s P. B ,’96.
i.f’8e.
•
ion
10
•
•
100
100
•
..
CANAL BONDS.
118%
Chesan. & Dela 1st 6s, rg.,’86
Delaware Division 6s, cp.,’78.
Lehigh Naviga.
70
80
reg.,’84 100% 107
do
mort. RR., rg.,’97 107
107%
do m. co.iV. g., r« g.,’94
05
do mort. gold, ’97— 95
do cons. m.7s, rg.,1911
70
115
110
in.,
Morris, boat loan, reg., (885..
Pennsylvania 6s, coup., ’.9!0..
70
Schuylk. Nav.lst ra.6s.rg ,’97.
do
do
do
2d
m.
7o
85%
6s. reg., 1907
53
40
50
25
68, boar*car,rg.,19!S
7s, boat*car.rg..l9 5
Susquehanna 6s, coup.. .9.8 .*
.
55
70
East Pennsylvania
Elmira * Williamsport
do
do
pref..
Har. P. Mt. Joy & Lancaster.
do
pref.
Lehigh Valley
Little SchuylRill
7
30
....
do
...
1
2%
35%
4)
5
35%
42
Hilnehlll
43%
50
Norristown
Northern Pacific
34%
24
Huntingdon & Broad Top...
do
36%
6
33%
2j%
Dela,ware & Bound Brook.,..
101%
52
1(2
7
do
pref..
North Pennsylvania
Pennsylvania
Philadelphia A Erie.
Puiladeiphla & Read ng
Philadelphia* Trenton
Phila.Wllmlng. & Baltimore.
25%
7%
26%
12%
12%
8
RAILROAD
15%
Lehigh Nav igation..
56
15%
52
...
5%
Susquehanna
do
8s, 3d, J.AJ
Union RR. 1st, guar., J. &
-
RAILROAD BONDS.
do
do
Vai.,7yOs,
1395_
7s. E.
do
113
...
ext., 1910 99% 100%
inc. 7s, end.,’91
*5% 2?
Belvidere Dela. 1st m.,6st1902. 108
r4o
2d m. 68. ’8i.. iu5
do
3im. 6s,’)7.. 97
Camden AAmboy 6s,coup,’83 iu3
do
6s, coup., ’89 105
do
mort. 6s,’89
ill
I112
Cam. A Atl. 1st m. 7s, gM 19)3 115
do
21 m., 7s, cur., ’79 104 ’106
Cam. & Burlington Co. 6s,’97.
Catawissa 1st, 7s, conv., ’a2...
do
do
chat, m.,
new
7s
107
,
do
104
do
cen. m.
6b, ig.,1910.
cons.in. 6-, rg.,
cons. m. 6s. cp.,
1905
104%
110%*112
gen. m.6s,cp.,19i0
113
104
113%
^99% 99%
108
102
J..
77%
ios
93
91%
37%
15%
'
37%
16
12%
13%
96
iSt 111.,
1905
.
93
1U9
112
101%
i02
108
101%
98
60
105
106
102
93
100
87
do
1st in.fs, 1905 ttiO
Ind. Cin. & Laf. 1st m. 7s
do
(l.&C.) 1st in.7s,’88
Little Miami 6s, ’83
100
Cin. Ham. * Dayton stock...
15
Columbus & Xenia stock
104
Dayton & Michigan stock.... !8
do
8. p.c. st’k, guar
91
Little Miami stoex
102
j It 2
do'
100
endorsed. 104
Dayton* West. 1stm.,’81...t
•
117% 118%
105%
.
...
...
107%
103% 104
CINCINNATI*
...
do
scrip....
Pa.&N.Y.C.* RR.7b,189)
Pennsylv., 1st m., 6b, cp., ’80
107
Cincinnati 6s
t 97
do
7s
f 108
do
7‘30s
t 112
do
South. RR. 7‘30s.t
111%
do
do
6s, gold.f 100%
Hamilton Co., O., 6s. long., .t 100
do
7s, 1 to 5 yr8..t 101
do
7 & 7'30s, loug.f 104
Cln.A Cov. Bridge st’k, pref. 75
Cin. Ham. & D. 1st m. 7s, ’80
101
do
2dm. 7s,’85.. 97
Cin. Ham. & Ind., 7s, guar.... 50
Cin. & Indiana ;st in. 7s
102%
do
2d m. 7s,’<7... 74
Colum. & Xenia, 1st m. 7s, ’90 104
Dayton & Mich. 1st m. 7s. ’81. 101%
do
2dm. 7s, ’o7. 100
do
34 m. 7s, ’83.
91
Harrisburg 1st mort. 6s,’8)
H. & B. T. 1st in. 7b, gold, ’90. 110
114
do
2d in. 7s, gold,’95.
do
3d in. cons. 7s, ’95*. 30
Ithaca* Athena 1st g d, 7s.,’9) 108
Junction 1st mort. 6s’82
105% ]06%
2d mort. 6s, 19)0
105
L. Sup. & Miss., 1st in., 7-,g.*
Lehigh Valley, lst,6s,cp.. 1898 112
113
do
do reg., 189)... 112% 1 113
do 2 i m.,7s, reg., 1910.. Urf
!l22
do
con. in., 6s,rg.,1923
101%; 102
do
do * 6s,- p.,19 .3 101%
Little Schuylkill, 1st m. Is.’-2
North. Penn. lsbm. 6s, cp.,’85. 108
108%
do
2d m. 7s, cp., ’96. 117% 119
do gen. m. 7s, cp., 1903 Ho
do gen. m. 7a, reg., 190. Ill
Oil Creek 1st ui. 7s, coup.,’8i.
84
85
rittsb. Titusv. & B.,7s,cp.,’9t 33
34%
25
25
MISCELLANEOUS.
....
do
on
Baltimore Gas certificates...
107%
Connecting 6s, 1900-1904
110
Chartiers Val., 1st in. 7b,O.,1901
Delaware mort., 6s, various..
D--1. & Bound Br., 1st, 7s. 1905 105
10S
East Penn. 1st mort. 7s, ’88 .. 103%
107%
E1.& W’msport, 1st m., 7s, ’80. 102; o 1-J3
do
71
58,perp ...
Can
People’s Gas
10s,’88
19;W
96
104%
—
Morns
do
pref
pref...
95
BONDS.
Balt. & Ohio 6s, 1880, J.AJ....
do
6s, 1835, A.&O.
N. W. Va. 3d in.,guar.,’85,J*J
Plttsb.* Connellsv.7s,’93,J&J
Northern Central Cs, ’85, .»*J
do
6s, 1900, A.AO.
do 6s, gld, 1900, J.AJ.
Cen. Ohio 6s, 1st m.t’90,M.A S.
W. Md. 6s, 1st in., gr.,’90,J.AJ.
do
1st m., .890, J. & J...
do
2d m.,guai\, J. A J
do
24 in., pref
do 2d m.,gr. by W.Co.J&J
do 6s. 3d in., guar., J.A J.
Mar. & Cin. 7s, ’92, F. & A
do
2d, M. A N
.
Delaware Division
112
BAILED AD STOCKS.
Par.
Balt.* Ohio
.100
do
Wash. Branch. 100
do
Parkersb’g Br. .50
Northern Central
50
Western MaryianJ
50
Central Ohio
50
34% Pittsburg & Connellsvllle..50
ul*
1 8
108
112
113%
3'%
Pennsylvania
Schuylkill Navigation
108
112
113
o
CANAL STOCKS.
Allegheny
6s,exempt,’98,M.AS
do
1900, J. &J
do
1903, J. * J
Norfolk water, 3s.
3i
Pittsburg Titusv. & Buff
4%
United N. J. Companies
136%
West Chester consol, pref—
West Jersey.:'
do
do
6s, exempt, 1S87
do
6-, .890. quarterly..
do
5s, quarterly
Baltimore 6s, 'S3), quarterly.
do
6s, :8S6, J.*J
do
6s, 189 i, quarterly...
do
6s, park, 1890,
do
6s, 1893, M. & S
...
35
pref
new
BALTIMORE.
Maryland.6s, d fense, J.& J..
25
pref
do
do
do'
112% 112% AtchBon & Topeka
|112% Boston A Albany.
land grant 7b 112
2d 7b
113
land Inc. 3s..
105
104
..
STOCKS.
Topeka let m.7a
..do
34
....
117
Municipal 7b
Atch. *
do
Bid. Ask.
Hartford A Erie 7s, new
Dgdensburg A Lake Ch.Ss..
Oid Colony, 7b
Maine 6s
New Hampshire 6b
Vermont 6b
Massachusetts 5b, gold
Boston 6s, currency
do
5s, gold
Chicago sewerage 7s
do
8KCUBITIH8.
68,10-15, reg.,l-)77-’82. 104
6s, 15-25, reg., !882-’92
Chesapeake & Delaware
259,900
Inc..
Dye.
48
CITY BONDS.
Nesquehoning Valley.
698.700
556,700
series of weeks past:
Deposits. Circulation. Agg. Clear
$
$
$
216,332.000 19,617,800 370,111,767
214,103,4.90 19,577,500 453,"71,364
210,041.200 19,593,100 4-’4,149.9; 0
208,144.600 19,601,200 482,291,910
211,09.4,700 19,889,700 392,878.293
215,443,400 19,901,300 488,571,553
210,737,600 19,905,400 403,9;'3,425
209,752,100 19,909,400 460,572,73
2)7,131,800 19,981,900 404,037.742
206,797, = 00 20,097,00) 368,2 8,659
201,058,600 20,"53.200 436,695,221
2<)6.134,400 20,141,600 340,741,510
203,625,600 2 >,077, "00 42 ,214,872
203,203,700 19,576,700 325,£98,134
41/32,600 206,173,000
45,055,400 208,49), 200
49,965,600 211,590.600
53,599,600 214.981,'<00
54,048,800 219,219,200
51,135,400 219,387,300
AND
.1905
190.1
1915
’90.
do
....
45.000
184.000
3,24 i,460
Shamokin V.& Pottsv.7s, 1901 101
Steuhenv. & Ind. 1st, 6s, 1834 101
Stony Creek 1st in. 7s .9)7...
Suub. Haz. & W.,lst m. 5s,’2)
71
do
6s, In. PI me, reg.,1879 ....
Philadelphia,5s reg..
do
6s. old, reg
106
do 6s,n., rg.,priur to’95 115
do 6s,n.,rg., 895* over 118
Allegheny County 5t, coup...
Allegheny City Vs, reg
70
Plttaourg 4a, coup., 1913
do
5a, reg. & cp., 191). 85
13
do
6a, gold. reg.
do
7a, w’L’r ln,rg. Acn. 110
«io 7a, Ur.irnp., reg.,’33-36* 103
N. Jersey 6s, reg. and coup...
do
exempt, rg. & coup.
Camden County 6a, coup
Camden City 6a, coupon
do
7a, reg. & coup
Delaware 6b, coupon
Harrisburg City 6a, coupon
RAILROAD STOCKS.t
259,700
196,000
2,700
297,200
1,648,703
Pitts.Cln.&St. L. 7s,eou.,!S0v D3% 104
28
5a, g’d, rat., reg. or cp.
5s, cur., reg
5s, new. reg., 1892-1902 112%
do
do
184.9 X)
follows:
Net deposits
Circulation
.
23,209
91,6)0
399,560
1,039.8)) 2,263,800 12 813,70)
476,000 1,722,000
1,223,000
5’ 0.000
50,0)0
2,20),0U0
112.000
921.400
3,461,200
1,414.6)0 2,561,000 9.394,200
6 3,000
773,800
5,323,300
43,600
221,200
764,00)
27,000
253,000
8-‘6.600
12,8C0
377,900
1,252.40)
95,’. 0)
535,600 2,117,300
29,600
464,800
1,513,200
Inc.. $4,0)8,800
Dec.
784,"00
Dec. 2,916,400
Penna.
do
do
do
764,500
.
115
21
Phil.&TLC.AI deb. 7s. cpi.oll
do mort., 7s, 1892-3.....'.
Phila. Wllm. & Balt. 6s, ’84
PHILADELPHIA.
217,000
61,375,2)0 242,280,200 17,849,300 51,135,400
219,387,30) 19,427,100
The deviations from returns of
previous week are as
Specie
Legal tenders
Vermont* Massachusetts..
Worcester & Nashua
1,100
Total
Loans
Rutland, preferred
129,50)
9,665,(00
9,229,200
4,017,200
4
Northern of New Hampshire 88%
Norwich & Worcester
117
119
Ogdenso. & L. Champlain ... 12% 1 12%
do
54
55
pref..
Old Colony
103% 104
Portland Saco A Portsmouth 92
Pueolo A Ark nsas
69% 70-
Circulation.
4)6,00) 2.127,8)0
357,003
954,700 3,320,300 17,550,300 1,075,609
2 >3,4 '0 6,232,600 i4,615.5JU
533.00)
9,451,2)0
2,140,000
3.352,300
5,73 1,400
5,458,000
1,267.500
1,168,90G
1,125.5^0
2
91.9)0
15 4S7.600
...
Bowery National
New York County
30 ).70J
190 900
80,100
3.470 500
North America..
700,000
Hanover
1," 01,000
Irving
Metropolitan.
261.800
483,800
:2,9r0,000 1,512,000
990,000
15.136.300 1,135,300 2,2,7,800
5,375,900
213,600
891.700
5.000,000
1,0)0,000
1,000,000
422,700
1,500,000
Net
Deposits.
4‘iVOO 1,507,000 7,276,500
639,100 1,218,100
4,901.700
592,8)0 1,512,8)0
6,008.309
625.I00
629,400
4,767,600
243,000 1,720,600 4,041.400
54 ,003 1,044.100
5,6 5,8)0
262,000
440.000
2,484,000
991,703 2,19 *,000
7,1)3,400
298,600
2;1,000
2,121,900
196,000
711,500
1,40 >,7«X)
1,437,400 1,624.000 10.050,300
204.100
6''7,30G 2,852,300
78.600
487,900
1,839, =>00
151,0)0
93 ,600
173,1)0
22,0 )0
218.0)0
931,000
20.600
149,200
700,100
5,79 ).003
City
Chat!
Legal
Specie. Tenders.
$
*
Capital. Discouuts.
*90
105
‘
1*8*
*20
93
LOUISVILLE.
Louisville 7s
t 103
do
6s,’82 to ’87.... ....+ 99%
do
6s, ’97 to ’94
t 99%
do
water 6s,’87 to ’89 t
99 ^
106%
100%
100%
100%
do
water stock 6s,’97.t
99% 100%
do
wharf 6s
t
99%
100%
do
epec’l tax 6s of ’89.t 99>t 100*
Loul-vllle Water 6s, Co. 1907 + 103
103%
leff. M.&I.lst m. (i*M) 7b,’8lt
.
do
do
2d in., 78..
l6t ill.,7s, 1906....+
93%
*94
ios%
109
Louisv. C.& Lex. 1st ra.7s.’97(- 107%
do
Louis.* Fr’k.,Louisv.ln,6s,’8
1905. 102% 103
do
Louisv. * Nashville—
Navy Yard 6s, rg.’al
Perklomen 1st m.6stcou>>.,V
Leb 'Br. 6s, ’86
70% 72
+
Phi la. * Erie lat in.6 s, cp.,’8i 106
1st in. Leb. Br. Ex.,7s,’80-85.+
107
do
•
2d m. 7s,cp.,'S8 1(6
Lou. In.
do
6s, %3.;.+
106%
Phila. & Read. 1st m.6s, ’43-’44> 101%
Consol. 1st in. 7s, ’98
do
dj
Jefferson Mad. * Ind stock.
’4S-.49-j ..
do
2d m., 7s,' p , f 11;
114
Louisville* Nashvl le stock.
115
do
deben., cp.;’?$
48
ST. LOUIS.
do
do
21
25
cps. oh',
St. Louis 6s, lo g
f
do
49
50
scrip, 18S2.
do
water be, gold
+
do
In. iij.Ts, cp,189(
do
do
do
new.f
do cons. m. 7s, cp.,l9i!.. 104
do
■104%
bridge anpr., g. 6s +
do cons. m. 7s, rg.,1911..
do
reu -wa), gold, 6s.+
105%
do cons.ra.6s,g.i.i9ii
90
ao
j 95
sewer, g. 6s, ’9:-2-8.t
do conv. 78,1893*
45% 50
St. Louis Co. new park,g.6s.+
do
7s, coup, off, ’93 26
do
cur. 7s
...+
Phila.* Read. C.& L deb. 7s,92
107%
100
*
.
o
.
100
100%
1"0%
103%
104
33
.
*
in defanlt.
% Per shire
t And Interest.
lfO%
100
100
107
106
105%
107
107
107
107
107
107
107%
33%
February 15,
THE CHRONICLE
1870.]
QUOTATIONS OF STOCKS AND BONDS IN NEW
5
U. S. Bonds and active Raitroid Stocks
quoted
are
Bid.
Alaoama 5s, 1883.
do
5a, 1886.
do
8s, 1886
do
do
do
do
'
“5
8a of 1892
8a of 1893..
20
,
i*9
"5%
...
do
do
do
Connecticut 6s
....
105
100
Georgia 6b
do
7b, new bond*....
do
78, endoraed.
do
78,gold bonds...
Illinois 6s, coupon, 187».\.
do'
do
do
do
109%
109%
...
do
12
20
.
?s, L. R. & Ft. 8. la*
•3 Memphis & L.R
7b, L. R.P. B. &N.O
7b, Mibb. O. & R. R
7s, Ark. Cent. KR...
do
....
•
110
100
10 J
100
War loan
Kentucky 8a
•
•
6s,new float’g debt.
do
7s, Penitentiary
do
6s, levee
do
8s, do
do
8s, do 1875
do
8s, of 1910
do
7a, consolidated
do
7s, small
Michigan 6s, 1878-79
do
6s, 1883
do
7s, 1890
Missouri 6s, due 1882 or ’83
•
do
do
do
do
.
..
80
23
108% 310
55
149
100
Harlem
Joliet & Chicago
00
157
140
157%
159
'90
,
102% 102%
*2% "3%
do
do
pref
Belleville* So. Ill.,pref.
Terre Haute & Ind’polis..
United N. J. R. A C
12
135%
niscePons Stocks.
Adams Express
American Express.
United states Express...
Well?,Fargo * Co..
Qu cksllver
do
121.
Atlantic &
Fac.
.
Tel
.
Am. District
Telegraph...
Canton Co., Baltimore
"28
American Coal
Consolldat’n Coal of Md
Cumberland Coal & Iron
19
do
MISCELLANEOUS
do
do
2d mort..
Lake Shore—
Mich S. & N.Ind., &.F., 7 p.c.
Cleve. & Tol. sinking fund..
do
new bonds....
135
2
2
39
111
107
08
39
72%
12%
90
50
+30%
120
1107
103% 103%
106
112
10>%
110
ill
109%'
100
36
19
10
do
2d m
do lstm.,7s, I.&D.E..
Chic. & N. W est. sink, fd
lnt. bonds
do
do
consol, bd*
do
ext’n bds..
do
1st rnort
do
cp.gid.bds.
do
reg. do
Iowa Midland, :st m. 8s.
Galena & Chicago Ext
Peninsula. 1st m., conv.
Chic. & Mllw., 1st mort.
\V iuuna & St. P.. lstm.,
do
2d mort.
<
.C.C.*lnd’sl8tm.7a,SK.
do ' consol, m. bds
Del. Lack. & West., 2d m.
do
7s, conv.
do
mcrt.. Ts, 1907
Sir. Blngh.* N.Y. ut.Ie
Morris &
do
Essex, 1st.
m..
2d mort.
do
bonds, I99i.
do
constructs
do
7s, of !87i
do
1st
con.
guar.
Del.*Hud.Canal, 1st m.,’8s
do
do
do
do
189
1st extended
coup. <b. :69.
do
res. 7s. l.H«
do 1st Pa div.c. b,1917
do
do
d •
*
1
'67%
6S
coupon
"OO
93
115
94
00
,...
.
,
do
6s, 2d
96
100
90
43
m. g.
T„do
^h.St.P. &
do
do
1. gr.,
6s,
’
100
103
95
49
35
75
72%
2 d m* Inc. 7s.
Mlnneap., 6s,g.,new
76
105
101
93
45
41
83%
...
•
....
UHltf 93%
99 “ 100
99% 100
103
101
101%
103
103%
113
103
rice nominal.
80
i04%
100
+ Aud accrued interest.
'46
106
05
Pullman Palace Car Co. stock.
do
ods., 8s, 4th series
3t. L. & I. Mt. (Ark. Br.) 7s, g.
it. L. * San F., 2d m., class A.
do
class B.
do
do
do
class C.
it.L.&So’easl. cons.7R,gold,’94
St. Louis Vandalla * T. H. 1st.
do
2d, guai
Sandusky Mans. & Newark 7s.
South
Side, L. I., 1st
28
m. bonds.
do
sink. fund..
South. Minn. 1st mort. 7*, ’88..
81
90
90
65
39
34%
40
105
79
93
83
.
6s, funded
Montgomery,
New 3s
•
Norfolk 6s
Petersburg 6s
8s
Richmond 6s
Savrnnah 7s, old
Wllm’ton,N.C.,6s,g.
8s, gold
f
coup
90
101
103
96
....
25
3>
105%
7%
30
25
116
97
40
82
93
95
67
Ala.*Chat.,Rec’sctfs ,var
Atlantic & Gulf, consol..
6s,g.
.
...
a
00'
1 (,0‘
35
35
1 00
74
86
60
71
55
103
85
90
98
10O
99
40
110
95
Cha’ston 1st 7s
II*
75
*80
*88
90
42
95
94
100
100
77%
7
45105-
37
102
97
111
88
70
70
55
15
100
113
9074
74
*60
20
70
77%
Nashville Chat. * 8t. L. 7s
25
108
101
96
1st, 6s, Tena.& Pac. Hr
1 et, 6s, Me M. M. W .& A1. Br
*85
"87
100
103.
100
92
102
107
104
105
HO-
...38,68
3ds,8s
4tlis,8s
Rich. Fred. & Potomac 6s.
savanuah * Char.lst m. 7s
Cha’ston & Sav. 6s, end.
West Ala., 1st mort. 8s
uar.
2d m.is
*3
PAST
COUPONS
Tennessee State coupons..
South Carolina consol
Virginia coupons
1
68
68
85
£84
E. Tenn.&Va. 6s.end.Tenn
K. Tenn. Va. & Ga. 1st. 7s.
Stock
7s, 1902, non-enjolncd...
7s, non mort
.
112-
108%
Chvaw & Darlington 6s..
East Tenn. & Georgia 6s..
Southwest.,Ga.,conv 7s,’h6
Southwestern. Ga., stock.
S. Carolina KR. 1st m. 7s.
L10
85
L02
85
90
28
30
30
.00-
20
97
20
25
Consol., end.by Savan’h
mort. 7e
Rlcu.* Danv. lstconsol.6*
40
36
2550"
40
82.
•
on.
Nashville * Decatur 1st 7s
Norfolk & Petersb.lst m.8»
1st mort. 7s.
2d mort. 8s
Northeast., S.C., 1st m. 8s.
2d mort. 8s
Orange &Alex’drla, lsts,6t
115
•
RAILROADS.
New let mort.
New deben ures
N. o. * Jacks. 1st m. 8s..
,
•
65
65
75
new
Certificate, 2d mort 8s.
,
6525
25
3D
45
!02%
8s, Interest
104
55
72
05-
75
80
26
26
25
08
95
107
2d mort. 8s
.
104
....
2d mort., ex coupons....
Mis*. & Tenn. 1st in. 8s, A.
1st mort., 8s, B
—
Mobile & Ohio sterling 8s
Sterling ex cert. 6s
105
99
99
100
35
64
90
80
10O
lt(S>
10O
18
new 5s
Nashville 6s, old
6s, new
New Orleans prem. 5s,...
Consolidated6s...
Railroad, 6s...
7s,
815&
105
114
115
101
..
Memph. & Little Rock 1st
Mississippi Cent. 1st m. Is
•
98
Compromise.
2d 7s
itock
..
2d mort.,pref..
2d mort. lnc’mc
Belleville & S. Ill.R. 1st m. 8*
Tol. Peoria * Warsaw, 1st E.L
do
1st w. D.
do
Burlingt’n Dlv ...
do
2d mort. 1^86.......
do
consol.7?, lull .....
do P.Cora.Rcpts.lst.E.I)
do
do
1st, W .D
do
do
Bur. D
do 1st pref. Inc for 21M
do
do
focons’d
.
Mobile as (coups, on)....
8s (counors on)
Memphis
90
50
103
92
i*13%
do
do
Bonds A and B
Endorsed. M. & C. RR.
Greenville & Col. 7s, 1st m.
7s. guar
Macon & Aug.21 endorsed
58
...
84
bonds, 7s
Memphis bondt C
68
8tock
78
107
.
49
80
56*
lUli
55
96
60
15
15
15
25
6
6
Macon
Georgia RR. 7s
H2%|U3%
104
Columbus, Ga., 7s, bonds.
Lynchburg 6s
Cent. Georgia consol.m.7s
Stock
Uharl’te Col.&A., cons. 7s.
do
do
2d 7s.
,
48
75
54
100
75
45
103
97
102
50
Augusta, Ga.,7s. bonds...
90f
s*
80
75.
+113
+ 100
Charleston stock 6s
Charleston. S. C., 7s, F. L.
Carolina Cent. 1st m.
Chic. & S’thwestern 7s, guar
92
Cln. Lafayette & Chic., 1st m
72
Col. & Hock V. 1st 7s, 30
tJ04
years,
do
1st 7s, 10 years,
799
do
2d 7s, 20 years.. +91
Dan. Urb. Bl. & P. 1st m.
7s, g.
Denver Pac., 1st m.7s, ld.gr.,g.
Erie & Pittsburgh let 7s
100
do
con. m., 7s..
97
76%
97
20
44
g....
•
88
+112%
Waterworks
•
Central of Iowa lstm. 7s,gold.
Chic. & Can.South lstm.g.7s
Chic. & East. ill. 1st
mort., 6s
•
81*
+ 103
8fl
Cairo & Fulton/ 1st 7s. gold.
California Pac. RR.,
7s, gold
•
70
CITIES.
Atlanta, Ga., 7s
...
.
6s (good;.
sort)...
M.&S.
7s, gold, 1892-1910.. J.&J.
7s, gold, 1904
J.&J
10s, pension, 1894.. J.&J.
Miscellaneous List.
_
con.
Texas 6s. 1892.
Western Union Tel., 1900,cp... fill
7110
do
do
reg
.03
do
1st m., re*
do
712J
Hudson R. 7s, 2d m., s.f., l
115
;lio
Canada South., 1st guar..
80% 31
123
Harlem, 1st mort. 7s, coup...
do
do
7s. reg... ;i 3
N. Y. Elevated RR.,lst m., 1900 10 j% 106
North Missouri, 1st mort
1UJ
Ohio & Miss., consol, sink, fd
110%
do
consolidated.... 110%
do
2d do
94
do
1st Spring, dlv..
'25
...
S. Carolina
Rejected (best
.
.
C
Georgia 6s, 1879-’86
84
83%
t0 )%
do Land Grant bonds..
Western Pacific bonds
100
106%
Southern Pac. of Cal., 1st m. t
98%
94%
do
78, equip...
65
Union Pacific, 1st mort. b’d>
Evansville & Crawforasv., 7s..
ica
108% 105
do
Land grants, 7s.
Evansville Hen. & Nashv. 7s..
48%
41
66
do
*115
55
Evansville, T. H. & Chic. 7s. g.
Sinking fund...
66
70
Flint & Pere M. 8s,Land
*85
Pacific R. of Mo., 1st mort... 106
grant.
122
Fort W., Jackson & Sag. 8s, 89
L<j5
do
2d inort
35
107
Grand R.& Ind. 1st 7s,l.g., gu. 100
do
108%
Income, 7s.
do
do
10814 103%
IstCaron’tB
88
ist7s, 1. g., notgu.
97
South Pac. of Mo., 1st m
do
95
110%
53
letexl.g. 7s.
10 7
Grand
Kansas Pac., 1st m. 6s, 1895
River Valley 9s, 1st m.. 100
108%
J03
do
Houe. & Gt. N. 1st is, g., certs.
with coup, c.fs.
5
do 1st m.. 6s, 1S96
Hous. & Texas C. 1st 7s, gold.. 103
102%
110
112
do
with coup. ctfs.
do
West, div
07
108% 109
103
do 1st, 7e, Lea. en. br.,’9t
do
97
103%
Waco.
100
do
do
with coup, ctfs
*39
95
consol, bds..
101
Tn 1. Bloom. & West., 1st
do lst,7s,R.&L.G.D’d.’tf,. 790
33
101%
do
with
84
58
107%
coup. ctfs...
Indianapolis* St.Louis 1 st7e
106
do 1st m., 7s, I’d gr., ’80
86
Indlanap. & Vlncen. 1st 7s, gr..
do
with coup, ctfs
93
International (.Texas) 1st 7s
118% 119
76
lnt. H. * G. N. conv. 8s
do 2d mort.,7s. 1886.
32
26
2>
108
do
with coupon ctf?..
3;
26
Jack.L. & 8. 8s,lstm..“white” fl05
108%
108
do
Inc. cp. No. li on 1916
Kal. Allegan. & G. R. 8s, gr...
108%
101
10% 17
do Inc. cp. No 16on 1916
Kalamazoo & South H. 8s, gr..
95
107%
14%
109“
do Den.Dlv.Trust Re
84
Kansas City * Cameron 10*... +119%
104
do
Detached coup, do
Keokuk * D.M-., 1st 5?, gr. R.I,
89
760
115
Long Island RR., 1st mort.
99
Pennsylvania RR—
112
114
Pitts. Ft. W. * Chic., lstm..
121
Loulsv. * Nashv. cons. m. 7s.
106
105
106
do
do
120
do
2dm.
2dm„ 7s, g..
05%
100
*
do
do
108
3dm.
Michigan Air Line 8s, 1890.....
115%'....
116
Montclair & G. L.ist Ts, (new;.
Cleve. & Pitts., consol.. s.f.
117 '119
20
99
100
4th inort....
do
109
l'l
N. J. Midland 1st 7s, gold
29
Col. Chic. * Ind. C., 1st mort
107% 108%
63% 64% 'I. Y. Elevated RR., 1st m
105%
103
104
do
do
2d mort
21 n
N. Y. &Osw. Mid. 1st
7
Rome Watert’n & Og.,con. 1st
32
108%
do receiv’s ctfs.(labor)
33><
25
St.
L.
&
Iron
H;9
do
do
20
107%
Mountain, 1st m.
(other;
120
do
do
Omaha & Southwestern RR. 8*
2d m.
115
785
St. L. K.& N. R’l E’e & R.,7s, ’95 101%
107% 108
92
Oswego & Rome 7s, guar
764
st. L. Alton & T. H.,lst mori.
111
115
Peoria Pekin & J. 1st mort
*20
.
d
sc bond*.
ex
5539
84
51
South’11 Securities.
(Brokers' Quotations.)
STATES.
Alabama new consols, A..
B, 5s
(Brokers' Quotations.)
CITIES.
|113
105
108
Albany, N. Y., 6e, long
7102
Buffalo Water, long
111
113
7 *08%
104
Chicago 6s, long dates
7li4
do
78, sewerage
U08%
114% 116
do
f
7s, water
109% 110%
117
do
7s, river lmprovem’t \ 1108%
1 •% ii*9
Cleveland 7*, long
’-111
112
7109% 1110
Detroit Water Works
till
113
j 109% Elizabeth City, short 7s...... ’
40
65
795% »5%
40
52
do
long
do
93
sterling
104
Hartford 6s, various
107
9
8
07,
Metropolitan Kiev., 1st, 1903
7105% 108
Indianapolis 7-30s
Mich. Cent., consol. 7s, 1992.
119% Long
99
103
Island
do
1st in. 8s. i882, s.f.
li3% Newark CityCity
7s long.
.4.” tl<>5 110
do
equipment bonds.
do
Water 7s, long.... 1108
113%,
Mo.K*T.,c:ns ass., 1904-5-5.
53% '53% Oswego 7s
7101% 103%
1 *%
do
2d m.lnc., 1911
n
113
fill
ghkeepsle Water
[. ”
9j
H. & Cenf. Mo 1st, 1890.:..
114
-hester C. Water bds., 1903. 7112
New Jersey Southern lstm.Te *45
Toledo 8s. water, 1894-’94
106
110
do
consol. 7s, 1903.
1%
102
Toledo 7-30s
7100
N. Y. Central 6s, 1883
105 >v 106% Yonkers
111
113
Water.due 1963. ’
do
6s, 1887
106%liu8
do
6s, real estate...
RAILROADS.
104%!....
do
Atchison & P. Peak, 6s. gold..
84
90
6s, subscription, 104%) 106
do A Hudson, 1st m., coup
123% Boston & N. Y. Air Line. 1st m 104%
102
:13
mi
08%
reg
Aliany & Susq. 1st bds
10
105% 100%
ex coupon..:.
Pekin Llnc’ln & Dec’t’r.lst m
110% 110%
;0d% ,09%
liO
Ml*
.
do
assented.
Am. Dock & Imp. bonds
do
do
.stented.
Ch .M11 .& St.P. l st in .3a .P.D
do
2d m. 7 3-10, dc
do
1st 7a, $g ,K.l
do
lstm., LaC.D
do
lstm.,l.*M
do
1st m., 1. & D
do
lstm.,H.*L>
do
lstm.. C. &M.
do
.conaol.slnk.fd
6
103
do
„
68,1917, coupon
113)* H3%
68,1917, regiBt’d
113% Pacific Railroads—
Keok.&D M’s,tat 1 g.,5
Central Pacific gold bonds
80% 90
1C8%
Central of N. J„ 1st m., ’90 7116
117
do San Joaquin branch
9<% 100%
do
let consoj.
104%
do Cal. & Oregon 1st
93% 99
do
t seemed,
do
110
State Aid bonds
86%
7107
do
o
3684
29%
'80% "81%
registered
Union & Logansport 7s...
Un. Pacific, So. Br.,fis. g.
02%
136
Illinois & So. Iowa, 1st mort
29
7%
South. Mini).. 78, 1st
83%
ex coup..
eaulp’t bonds,
_
*
2-i%
28%
81%
Tol. Can. S. &Det 1st 7s, g
*92
do
con. convert...
do
ex coupon .. .
Great Western, 1st m., 1888..
do
ex coupon
do
2d mort., ’93..
ex coupon
do
Quincy & Toledo, 1st m., ’90..
120
....
5s sink, fun
Lehigh* W.B.con.gutti
136
106
...
Ch.Rk.I&P.,B.f.lnc.6s,V3
adj’int b., 1903
Extended,
1%
42%
26
26
26
74
54
small
•
BONDS.
2d mort
do
114%
do
do
-
St.L.Jack.* Chlc.,l8t ni
Chic. Bur.* Q. 8 p.c.,lstm
do
consol, m. 7a
.
do
do
Is4
_
34
do
guar.
Bu-.C.K* North., 1st 5a.
Minn.* St.L.,lst 7s gua
ChesA, A Ohio tie. 1st in.
er four ecnp
do
Chicago * Alton 1st mori
do
income
di
sink’g fund
Joliet A Chicago,;st m.
La. * Mo., 1st w., guar.
assen’ed
AND
..
90
3%
,
Stocy Exchanae Bt'ices
Boston H. * Erie, 1st m.
conv...
STOCKS
Tol. & Wabash,, 1st m. extend
do
ex coupon.... ..
do
istm.St.L. dlv
do
ex-matnred conp...
...
118%;120
„
132
Pennsylvania Coal
Boring Mountain Coal..
M irlposa L. & M. Co....
do
do
pref
Ontario Silver Mining...
Bailroad Bonds.
do
do
do
Ohio 6s, 1831
do 1836
...
1
2%
2
2
104
107
Class 2
Class 3
do
*•
104%
Indlanap. Bl. & W., let mort...
12%
A. & O
do
t
6s, new
6s, new series.
Virginians, old
5s, new bonds, 1866
do
6a,
1867
6s, consol, bonds
6s, ex matured coup
6s, consol., 2d series
6s, deferred bonds
D. of Columbia 3’65s, 1924.
9
9
*
41
do
do
7
tf
-
1%
...
Tannessee 6s, old
1863
Special tax, Class 1
,
19
19
67
New bonds, J.&J
104%
792
18
J8
87
87
67
..
■*
Funding act, 1866
Land C., 1339, J. & J
Land C.f 1889, A. & O....
7s of 1888
Non-fundable bonds
122
A. & O
do
#ff
.....
120
121
1891
Funding act, 1866
*
105
do
lstre^....
Denv.& Rio Grande 1st in.,1900
89%
119
Erie, 1st mort., extended
2d
do
do
7s, 1879
106%
Sd
do
do
7s, 1883
do
4th do
78, 1830
do
5th do
112
7s, 1888
do 7s con*, gold bonds, 1920
122
do JLong
115
Long iDock bonds.
Buff. N. Y. & E. 1st.m., 1916... 114
Han. & 8t. Jo., 8s, conv. mort.
I': 9%
Ill. Cen.—Dub.&Sloux C.,lstm 104
do
104
do
2d dlv.
Cedar F. & Minn., 1st mort..
...
Maryland Coal
do
•
Ask
••••
25
10
10
10
10
10
10
....
April & Oct
....
85.
Jj?>V
pref.
-
do
..
106%
Cleve. P’ville & Ash., old bds
109
do
do
new bds
40%
Buffalo & Erie, new bonds..
Buffalo & State Line 7s
93
Kalamazoo * W. Pigeon, 1st
12%
Det. Mon. & Tol.,1st 7s, 19CS
3d
Lake Shore Dlv. bonds
37%
do
Cons. coup.. 1st.
do
Cons, reg., 1st..
30
do
Cons, coup.,2d.,
do
Cons, reg.,2d....
22
Marietta & Cln. 1st mort....
108
49
48
97
f
104%
105%
,uo%
Long Island
Nashv. Char. * St. Louis
New York Elevateu KR.
N, Y. New Haven & Hart.
Ohio* Mississippi, pref
Pitts. Ft. W. & Ch
spec..
Rensselaer A Saratoga
Rome Watertown & Oar.
St. Louis Alton A T. H....
-
5a
do
Bid.
Sjuth Carolina 6s...,
Jan. & July
,,,,
N. C. KR
J. & J
do
A. & O
do coup, off, J. & J
do
do* off’, A. & O
'
109
AND
f
105
Albany & Susq.,’stcons.eua'
Reus. <fe Saratoga, lstcpup ..
83
f
do loan... 1883.
..
SRCTJKITf K8.
110
110
68,
do
Ask.
....
.
20
58
57
.
Bid.
6s, do
do
1892
do ..1893
6s, do
North Carolina—5s, old. J. *J.
1
ir'b
do 1887......
RAILROAD
Railroad Stocks.
Active previously quot'd.
Albany & Susquehanna..
Burl. C. Rap. <fc Northern.
Chicago A Alton, pref...
Dubuque & Sioux City.
51
57
...
do
r
t
value, whatever the par may b*
per cent
8KOUBITIB8.
New York State—
os, gold, reg —1837
6s, do coup.. 1887
45
1837
1838.
1889 or’91....
Asylum or Un.,due 1892
Funding, due 1894-5...
Han. A St. Jos., due 1886
«
.
45
45
45
1385
*
Ask.
45
YORK.
BONDS.
45
45
do
46
Arkansas 6s,f uaded
do
Bid.
8BCIXRITIB8
Louisiana 6s
do
6s, new
46
8a, 1888
8a, M. & E. KR.
8«, Ala. &Ch.R.
Jo
Ask.
Prices represent the
previous page.
on a
STATE
BXOtTSI'TTLKS.
160
Consol, cond
Memphis City coupons....
$No price to-day; these aie latest quotations made tnls week
90
90
78
43
15
100
100
83
100
82
95
33
t
r-ff
5
80
108
108
15
40
20
76
20
20'
10O
08
•
-
-r ©
••
•
»
82
50
20
10G.
-
*
*
©
85
97
37
30
10
40'
no
112
95
77
j 30
170
THE
CHRONICLE.
NEW YORK
Bank
Companies.
Capital.
LOCAL
SECURITIES.
Stock List.
Dividends.
Surplus'
latest
dates. §
Insurance Stock List.
[Quotations by E. S. Bailey, broker,7 Pine street.]
Price.
at
Marked thus (*)
are not Nat’l.
Amount
Period 1877. 1878.
8
....
10
0k
Nov.,
Jan.,
100
0
95
Amity
96k
Atlantic
112k
10
12
0
10
7
7
m
•...
.
.
0
0
'is. 3
'79. 4
•
•
•
•
Commercial
Continental....
,
.
•
•
12
8
....
.
-
*
1-
?k
Jan!,
£k
7k
•
...
6
7k
0k
6k Jan. ,’79.
10
10
12
5
7
8
8
0
7k
8
8
3
6
®
*
*
•
••
.
•
•
•
ciau.
t
3k 120
140
3k
5
3k
4
2
3k
3
3k
2
3k
4
Howard
Importers’* T..
197 k
52
90
123
00
100
,
'80
>■0
124k 125k
•
3
9
10
6
7
3
’79. 4
•
3
71
75
*
3k
_
120
,
97
3
3k
3
92 k
2k
82k
3
4
4
3
92k
....
...
iao
125
...
3k
uie i>auunai
ioi
108
...
...
8roon..yn Gas Light Co
Citizen s’ Gas Co (Bklyn)
uo sertuicates
25
20
Harlem
Jersey City & Hoboken
!!!!
Metropolitan
do
.!.!
Manhattan
....
certificates
Mutual, N. Y
do
bonds
do
25
scrip
New York
100
V-r.
100
1,000
Nassau. Brooklyn
„
2,000,000
1,200,000
320,000
50 1,850 000
20
750,000
50 4,000,000
1,C00
„
Va-.
People’s (Brooklyn)
do
do
bonds
do
do
certificates
Central of New York
Williamsburg
do
scrip
Metropolitan, Brooklyn
Municipal
100
10
1,000
Yar.
50
50
Var.
100
100
Rate.
Amount. Period.
Var.
Yar.
A.&O.
5,000,000 Quar.
1,000,000 F.& A.
1,000,000
700,000
4,000,000
1,000,000
325,000
300,000
466,000
Date.
n*
Var
M.&N.
M.&N.
J. & J.
M.&N.
J. & J.
Jan., ’79
3k Nov., ’78
4
Nov., ’78
3k Jan., ’76
3k
3k Jan
3
Feb.,
2
Jan.,
3k Jan.,
2k Nov.,
3
Feb.,
,
F.& A.
1,000,000 Quar.
1,000,000 J. & J.
1,000,000 M. &N.
1,500,000
Brooklyn City—stock
1st mortgage
Broadway (Brooklyn)— 3tocK..
Brooklyn dk Hunter's Ft—stock.
1st mortgage bonds
Bushwlck Av. (Hklyn)—stock
central Pk., y.dk K. River—sir.
Consolidated mortgage bon s
Dry Dock, K. B. dk Battery -stk
1st
mortgage,cons’d....
Eighth Avenue—stock
1st mortgage
1st mortgage
Ist
mortgage
Second Avenue—stock
2d mortgage
Cons. ConvertiJlc
Extension
Sixth Aven.ie- stock
1st mortgage
Third Avenue—stock
1st mortgage
lieenlu-thira Street—stock.
1st mortgage
ICO
’79
100
132k
65
95
25
135
170
110
95
70
95
05
90
90
20
90
70
60
140
70
100
40
176 *
118
100
75
103
75
95
95
25
96k
85
58
’79 105
115
’79
’79
’79
’78
75;
1,000
100
100
1,000
100
tk
....
5*
1,000
100
500
100
1,000
900,000 J.&D
748,000
236.000
600,000
200,000
250,000
500,000
& .*.
& J.
M.&N.
A.&O.
•
M. & N.
100
100
3
7
2
7
0
7
0
7
Jau.. ’79
Dec.1902
1888
•
7
2
7
7
7
5
7
5
7
4
7
2,000,000 J. & J.
600,000 J & J.
250.000 M.&N.
Apr., ’78
Apr ’85
,
m
v,
Jan., ’7*
10
20
20
20
20
July. ’78. 5
4.
150,018
11,126
20
10
10
25
78.10
’79,10
Jan.. ’79.IO
10-72
18
5
5
25
•.*r
.
200
••
•
175
JflD-. ’79.10
Feb..’79.
80
190
....
£ec.,
Feb.,
125
5
,
....
•
a
205
i05
'55
180
75
140
150
95
•
125
i Vo
105
80
82
150
90
155
90
140
120
90
197
130
65
70
120
...
....
Park
Peter Cooper...
People’s.—
Phenlx (Bklyn;
Produce Exch.
230
110
i20
£k
....
Republic
Ridgewood
...
.
75
i.70
115
80
112
95
....
•
Westchester...
Williamab’g C.
i40
135
•Over all liabilities, including re-lnsurance, capital and
scrip, t Inclusive of
scrip.
Figures with a minus sign before them show that the toupany is
impaired to that extent.
City Securities.
[Quotations by Daniel A. Moran, Broker, 40 Wall Street.]
Interest.
Rate.
New
Price.
Bonds
due.
Months Payable.
Bid. Ask
York:
Water stock
1841-63.
do
1854-57.
Croton water stock.. 1845-51.
do
do
..1352-60.
Croton Aqued’ctstock.1865.
do
pipes and mains...
do
reservoir bonds
Central Paik bonds. .1853-57.
..1853-65.
1870.
1875;
1865-68.
Imprnvement stock.... 1869
da
ao
....1869.
Consolidated bonds
var.
Street imp. stock
do
do
New Consolidated
Feb., May Aug.& Nov. 1878-1880 100
5
do
do
do
do
0
5
0
6
7
6
5
0
7
0
7
0
7
var.
do
do
do
do
1878-1879 100
1890
1883-1890
1884-1911
1884-1900
May & November.
Feb.,May Aug.&Nov. 1907-1911
do
do
1878-1898
do
do
1877-1895
May & November.
1901
1898
do
do
do
do
do
do
do
do
do
do
January & July,
Westchester County
do
102
103
104
110
107
101
100
118
107
1894-1897 118
1889
105
1879-1890 102
1901
111
1888
102k
1879-1882 102
May & November.
g.
6
7
var.
1896
1894
do
111
106
102
102
103
106
103
119
109
103
107
119
109
119
106
114
112
105
105
112
107
[Quotations by N. T. Beers, Jr., Broker, 2k Wall st.]
Brooklyn—Local linpr’em’t
City bonds
7
do
Park bonds
Water loan bonds
..
do
do
Park bondB
■
January & July,
7
7
7
7
6
0
7
6
Kings Co. bonds
84
do
do
do
do
do
io
Jo
do
do
do
do
do
May & November
do
January
Bridge
Brooklyn bonds flat.
do
•All
85
’93 100
Jan., ’79,
N’ne
jan.,
Niagara
North River..
Pacific
City bonds
May, ’88
M
75
7
5
....
Water loan
92k
Sept. ’83
May. ’77 65
•July, ’90 105
Feb., *79 115
July, ’90 97
Feb.’79 95
’79,
....
Bridge bonds
Apr., ’93 105
1.000
•This column shows last dividend
on stocks, but the date of
90
50
98
90
105
.
July, ’94
New York Fire
N. Y. & Boston
New York City
102
Jau., ’79
Nov.1904
,
100
•Ian., ’84 100
Nov., ’78 125
10
J. & J.
2,000,000 Q-F.
85
1100
40
93
Feb.,’79 85
June, ’93 101
7
1,199,500 Q.-F.
150,000 A.&O.
1.000 1,050,000 M.&N.
500&C.
200,000 A.& <».
J00
750,000 M.&N.
1,000
415,000 J. & J.
1,000
Oct., ’70
vwt rw>
1.000,000 J.
1,000
203,000 J.
.
Jan
' 14
10
...
Equitable
do
no
Dock bonds
do
Market stock
Ik July, ’78
25
J’ly,1900 82k 100
Jan., ’79 63
68
June, ’84 100
101
Feb., ’79 145 160
Nov., ’80 102 110
3
Jau., ’79'135 150
1,800,000 J. & J.
1,000 1,200,000 J.&D.
100 1,200.000 Q-F.
100
i
3
7
N. Y.
142k
7
2
7
400,000 A.&O.
300.000 J. & J.
Montauk (Bkn)
Nassau (Bklyn)
Stuyvesant...
Tradesmen’s....
75
70
85
90
05
*
900,000 J. & J.
694,000 J. & J.
2,100,000 Q-J.
1,000 1,500,000 J.&D.
10
2,000,000 Q-F.
1,000
300,000 M.&N.
100
200,000 Q-J.
100
terry—s tock
Central Cross ’lown- stock
1st mortgage
Houston, West st.dkPav.F'y-
1,000
500&C
^
2d Si. <t Grand St
100
Mercantile..
Merchants’..,
Sterling
[Quotations by H. L. Grant, Broker, 145
Broadway.]
Bleeder St.dk Fulton terry—stk.
1st mortgage
Broadway dk Seventh Ave—stk..
1st mortgage
....
Standard
Star
Bid. Ask.
*
Jan., ’79
Jan., ’79
3k Oct., ’78
3
Feb., ’78
7k Jan., ’79
5
Feb., ’79
5
Feb., ’79
3k Feb., ’79
Ik Jan., ’79
2,500,000 M.& S.
1,000,000 M.& S
Lorlllard
Manuf.& Build.
Manhattan
Mech.&Trad'rs’
United States..
5
3
F.&A.
J. & J.
J. & J.
LongIsl.(Bkn.)
Rutgers
Safeguard....
St. Nicholas..
oam
[Gas Quotations by George H. Prentiss,
Broker, 30 Broad Street. ]
Par.
Knickerbocker
Lamar.. /...,
Lenox
Relief
140
City Railroad Stocks and Bonds.
Companies.
Kings Co.(Bkn)
National
100
Jan.,’78. 3
7k Jan., ’79. 3k
10
Nov.,’78. 5
8
Jau., ’79. 4
iur
Jefferson
Mech’ics’(Bkn)
70
70
Feb., ’79. 2k
Jan., ’79.
Jan., ’79.
Jan , ’79.
July, ’74.
Feb., ’79.
Aug. ’77.
July, ’78.
Jan., ’79.
Jan., ’79.
Jan., ’79.
Nov., ’78.
Irving
Lalayette(Bkn)
U6k'117k
55
130
95
55
•
Hope
ttr\
July, ’77. 3
Jao., ’79. 3k
Jan
Firemen’s
Firemen’s Fund
Firemen’s Tr..
Franklin
German-Amer.
Germania.
Globe
Greenwich....
Guardian
Hamilton
Hanover
Hoffman
Home
....
Jan., ’77. 3
*
0
6k
6k
*
T
.Jan., ’79. 4
Jan., ’79. 4
Feb.',’79. 4
10
10
6
8
0
....
3k ioi
4
3
4
Nov., ’78. 2k
....
11
12
0
10
6
....
•
Eagle
Empire City...,
Emporium
Exchange.....
Farragut......
..
7
Jan., ’79.
Jan., ’79.
Jan., ’79.
...
•
•
3
,
6
3
10
10
7
7
3
9
8
8
....
....
*77.
*79.
’79.
Jan.,
Jan., ’79.
Jan., ’78.
Jan., ‘79.
Feb., ’79.
July, :75.
Jan., ’76.
Jan., *79.
Jan., ’79.
Nov., ’78.
Nov., ’77.
Nov., ’78.
Jan
7
8
2
9
.
80
Nov., *78. 3
....
....
75
•
7
14
8
3
11
8
*
98
•
6k
•
•
•
7
14
8
•
•
0
*
Bid.
«|uJy. ’78. 5
July. 78. 3k
sk
17k
Price.
120
12
Jan.. ’79. 0
N’ne July, ’77. 5
65
N’ne Jan., ’77. 5
18
Jan., ’79.10 133
170,523
1,000,000 1,038,423 11*45 1250 13 40 Jau-, ’79.6 83 105
200
20
20
300,000 514.353 30
Oct., 78.10
105
10
14
Jan., ’79. 5
200,000 102,001 14
50
N’ne Jan., ’77. 3
3
321 10
200,000
115
20
10
15
200,010 121,604
Feb., ’79. 5
15
15
Jan., ’79. 7k 120
200,000 161.067 15
100
10
12
204,000
Jan., ’7y. 5
t5,825 15
10
50
10
N’ne -July, ’77. 5
150,000
100
11
12
150,000
86,618 12
Jan., -79. 0
40
N’ne
200,000 -15,626
10
10
1,000,000 815,049 io
Jan., ’79. 5 130
22
160
30
500,000 754,424 30
Jan., ’79. 7
10
115
20
Jan.. ’79. 5
200,000 127,116 20
30
40
200.000
344.301 40
Jan., ’79. 7k 200
7
Jan.. ’79. 3k 67
200,000
35,343 10
10
150,000 124,537 20
20
17k Jan. ’79. 7k 130
10
10
500,000 685,899
10
Jan., ’79. 5 140
200,000
78,847 10
10
' 10
Jan., ’79. 5
3,000,000 1,363,489 10
10
10
Jan., ’79. 5
150.000
15,909 10
10
10
Jan., ’79. 3*, 60
12
105
500,000 206,609
12
10
Jan., ’79. 5
200,000
111,928 12
12
10
Jan., ’79. 5 100
10
75
32,968
200,000
13
10
Jan., *79. 5
200,010 t314,003 10
10
10
Sept. ’78 5
160
150,000 199,901 20
20
20
Jan., ’79.10
70
27,884 10
280,000
10
Jau., ’79. 5
5
20
140
150,000 150,507
20
10
Jai., ’79. 8
10
100
200,000 .116,473
10
Jan., ’79. 5
10
80
55,005 10
150,000
10
10
Jan., ’79. 5
150
200,000 281,942 20
20
10
• Jan., ’79.
8
80
71,541 L0
300,000
10
10
Jan., ’79. 5
135
200,000 202,281 11
12
12
Jan., ’79. 6
14
112
250,000 241,421
20
10
Jan., ’79. 5
100
200,000 281,637 30
30
20
Jan., ’79.10
105
150,000 186,569 20
20
20
Jan., ’79.10
80
51,386 10
200,000
10
10
jan., ’79. 5
140
200,000 206,979 20
20
10
Jan., ’79. 8
114,189 20
105
200,000
18
12
Jan., ’79. 5
20
20
200,000; 174,081 25
Jan., ’79.10
16
124.331
105
200,000
14
10
Jau., ’79. 5
190
210,000 324,262 20
20
Ja -., ’79.10
20
200,000 160,005 20
17
14
Feb..’79. 7
00
24,571
200,000
N’ne
55,061 10
60
300,000
10
N’ne
’79. 5
10
500,000 455,012
110
12
11
Jan., ’79. 0
350,000 112,717 [12
11
10
Oct., ’78. 5
200,000 426,132 ,30
20
30
•Jan., ’79.10
200 000
103,552 20
105
20
12
Jan., ’79. 0
180
20
150,000 200,474 20
20
Jan., ’79.10
108,104 20
150,000
18
12
Jan., ’79. 6 115
20
1,000,000 731,322 20
15
Jan., ’79. 5 120
200,000
3k N’ne Jan., ’77. 3k 65
59,449 10
10
200,000
10
Jan., ’70. 5
34,673 10
300,000
10
70
5
•Jan., ’79. 5
71,994 13
200,000
12
10
Jan., ’79. 5
97k
200,000 205,204 25
20
20
Jan., ’79 10
200.000
103,695 15k 10
108
16
Jan., ’79 8
200,000
75
10
9
39,020 10
Fen., ’70 5
200,000 175.011 11-55 1235 6-23 Jan., ’70.6-23 120
300,000 171,318 15
107
17k 12k Jan., ’79. 0
200,000
85
10
10
49,231 10
Aug., ’78. 5
200,000
16
14
144,517 20
Ja-., ’70. 5
150,000 181.302 25
20
10
135
Jan., ’79. 5
250,000 231.331 16
125
10
12
Jan., ’79. 6
300,000 175,619 10
10
10
100
Feb., ’70. 5
250,000 450,317 20
195
20
20
Jan., ’79.10
250,000
300,000
200,000
200,000
Commerce Fire
Jan., *79 3
Nov., ’78. 5
Oct, ’78. 3k 131
Feb., ’74. 3
May, ’78. 5
May, ’77. 0
5
~3
•
Jail., ’79." 5*
*
5
10
15
15
10
4
10
20
20
20
20
178,380 20
210,000
Clinton
Columbia....
....
'
...
City.....
121k
Jab., 79, 3
.
7
..
Gas
Dividends.
Jan. 1,
1879.* ' 1870. 1877. 1878.
Last Paid.
200,000
7,107 10
21 25
200,000
400,000 t494,548 15
69,251 10
200,000
1,442 8
200,000
37,545 10
200,000
300,000 410,567 20
200,000 303,641 20
153,000 203,044 20
300,000 503,769 20
Bowery
Broadway
Brooklyn
Citizens’.
‘
J12
Adriatic
AJtna. .......
American....
American Exch
*
....
10
..
Gas and
....
*
Jan., *70. 3
80
10
Feb.. '79. 5
128k
8k Jan., ’79. 3k
July, ’76. 3
....
.
•<««» vvMumu arc ujl u»ic
0
10
8
....
...
14, lts78. for the State banks.
100
0k
*
"
Jan., »79. 3
Jan., '79.25
Jan., '79. 3
0
129
100
105k
•
Jan., ’7*. 8
Jan., ’79. 3
Jan., '79. 3k
7
10
6
.
.......
Jan., '79. 4
Nov., ’78. 3
Jan., >79. 5
0
11
16
9
100
.
.
8
12
16
8
8
....
...
Bid/ Ask.
Last Paid.
Surplus,
Companies.
Par. Amount
100 3,000,000 1.413.700 J. & J.
Am. Exchange 100 5,000,000 1.163.900 M.&N.
100
Bowery
17M.9U0 J. & J.
250,000
25 1,000,000 1,110,3(0 J. & J.
Broadway
ButcheiV& Dr. 25
78.300 J. & J.
300,000
Central
100 2,000,000
291,000 J. & J.
Chase
100
24.200
300,000
Chatham
25
450,000 150.800 J. & J.
Chemical
100
300,000 3,133,000 Bl-m’ly
Citizens’
25
600,000
139.200 J. & J.
100 1,000,000 1,410,300 M.&N.
City
Commerce
100 5.000,000 2.669.900 J. & J.
Continental.... 100 1,000,000
383.200 J. & J.
Corn Exch’ge*. 100 1,000,000
745,000 F.& A.
East River
25
54.900 J & J.
250,000
11th Ward*....
25
7.500 I. & J.
100,000
Fifth...
100
45.200 J. & J.
150,000
Fifth Avenue*. 100
100,000 150.700
First
100
500,000 1.142.700 Q-J.
Fourth
100 3,200,000
773.200 J. & J.
Fulton
30
600,000 413.400 M.&N.
Gallatin....
50 1,000,000
650,000 A.& O.
German Am.*. 100
32.700 F.& A.
750,000
German Exch.* 100
50.200 May.
200,000
Germania*
100
49.700 May.
200,000
Greenwich*.... 25 200,000
14.200 M.&N.
Grand Central* 25
700
100,000
Grocers*
40
16.700 J. & J.
300,000
Hanover
100 1,000,000
156.400 I. & J.
Imp.& Traders’ 100 1,500,000 1,688,100 J. & J.
1L
50
Irving
6,900 .1. & .1.
500,000
Island City*... fO
6.500 J. & J.
100,000
Leather Manuf. 100
600.000 431.300 J. & .1.
Manhattan*..
50 2,050,000 1,026,800 F. & A
Manuf. &Mer.* 20
100,000
2,600 J. & J.
Marine
100
65.200 J. & J.
400,000
Market
100
218.800 J. & J.
500,000
Mechanics’
25 2,000,000
877.300 J. & J.
Mech. Assoc’n. 50
66.700 M.&N.
500,000
Mech’ics & Tr. 25
95,400 M.&N.
300,000
Mercantile
100 1,000,000
181.700 M.&N.
Merchants’.
50 2,000,000
623,500 J. & J.
Merchants’ Ex. 50 1,000,000 212.400 J. & J.
Metropolis*.
100
61.700 ,J. & J.
300,000
Metropolitan
100 3,000,000
782,000 J. & J.
Murray Hill*.. 00 100,000
82.700
Nassau*
100 1,000,000
34,600 M.&N.
New Yors
100 2,000,000
666,000 J. & J.
N. Y. County.. 100
71.800 J. & J.
200,000
N. Y. N. Exch. 100
71.900 F. & A.
300,000
Ninth
100
31.100 J & J
750,000
No. America’.. 70
43.800 J. & J.
700,000
North River*.
50
88,500 J. & J.
240,000
Oriental*
25
160,406 J. & J.
300,000
Pacific*-.
50
214.400
422,700
Q-F.
Park
100 2,000,000
214,900 J. & J.
Peoples’*
25
412,500
J.
& J.
143.600
Phenlx
20 1,000,000
124.600 J. & J.
Produce*
100
nil.
198,300
Republic
100
304.300 F.&A.
St. Nicholas.... 100 1,500,000
38,000 F.& A.
Seventh Ward. 100! 1,000,000
300,000
50.100 J. & J.
Second
100
300,000
61.300 J. & J.
Shoe & Leather 100!
500,000
J. & J.
221.300
Sixth
100
200,000
40,000 J. & J.
8tate of N. Y.. 100
800,000
198.300 M.&.N.
Third
100 1,COO ,000
20.800 J. & J
Tradesmen’s... 40 1,000,000 281.300 J. & J.
Union
50 1,200,000
678.600
M.&N.
Mest Side*.
100
200,000
8«,800 J. & J.
,
Net
Capital.
America*
_*•
rC
of date Dec.
rV0L. XXVIII,
do
&
July.
ao
[Quotations by C. Zabbiskie, 47 Montgomery St.,
|
1879-1880
1881-1895
1915-1924
1903
1915
120
120
1902-1905
109k
1881-1895
1880-18X3
1880-1885
1924
1907-1910
104
103
102
jersey
101
102
110
110
108
City.]
Jei'sey City—
Watei loan, long..
0
7
do
100
100
105
maturity of bonds.
Sewerage bonds....
Assessment bonds. ..1870-71.
Improvement bonds
Bergen bonds
7:
"
7
7
7
.*
January & July.
January & Juiy.
do
do
1895
101
1899-1902 107
1878-1879 100
Jan., May, Jnlv & Nov. 1878-1879 100
J• & J• &2X2S J & t).
January an^ .I"'-
1891-94
1900
100
105
102
103
101
101
107
100
February 15,
THE CHRONICLE
1879.J
Jittrjesltttjeuls
171
Huntingdon & Broad Top Mountain.
(For the year ending Dee. 31, 1878)
report for the year ending Dec. 31, 1878, is as follows:
.
The
AND
78781
Gros3
STATE, CITY AND CORPORATION FINANCES.
office, as only a sufficient number is printed to supply regular
subscribers. One number of the Supplement,
however, is bound
(Annual), and
can
be purchased
Net earnings
The
disposition of net earnings
on
bonds and
$261,410
121,620
125,033
Decreiec
Interest
1877.
$240,041
\
Expenses
The Investors’ Supplement is
published on tbe last Saturday
of each month, and furnished to all regular subscribers of the
Chronicle. No single copies of the Supplement are sold at the
up with The Financial Review
in that shape.
1878.
earnings
was as
$115,008
24,782
follows :
$139,790
scrip, and gold premium
Sandy Run Branch
Construction and equipment
Interest on floating debt
Reduction of floating debt
$63,992
.-
6,563
1,430
10,859
32,164
Total
The operations for the year
ANNUAL
REPORTS.
City.
1878)
Paessengers
*
...
Mail
Express
Miscellaneous
Total earnings...;
Rente received
.
1878.
$399,203
118,821
10,845
6,000
9,173
$138,827
Total receipts
$544,964
$130,916
Shop repairs
Transportation
61,308
114,707
.,
Miscellaneous
Operating
30,369
337,332
16,829
expenses
Taxes
Interest
Insurance
Interest on pref erred stock, paid in cash
19,689
2,580
90,235
Total disbursements
'
Balance
3,623
153,233
$549,764
54,421
LAND DEPARTMENT.
Total 1878.
.
„
Acres sold
Value of lands sold
9,705
$661,823
Average price per acre
Receipts in land stock
Receipts in contract notes
Receipts in cash..
6 852
338,172
252,584
71,066
-.
GENERAL STATEMENT.
Original land grant, exclusive of disputed lands,
acres
Acres of land sold
854,429
293,705
$0-40
Average price
Received in cash
Received in contract notes
Received in land stock
;■
Land
Land
Land
Land
..
$097,217
..
551,942
.
645,533
2,400,0'0
615,538
1,764,466
stock issued
stock cancelled
stock outstanding
..
contract notes on hand
551,942
Sioux
City & St. Paul.
(For the
year
1878.)
EARNINGS.
Freight
Passengers
1677.
1878.
$237,368
$259,033
96,406
7,523
71.4:4
Mail
...
Express
8,496
600
Miscellaneous
Total earnings
Rents received
6,000
17,636
17,941
$340,917
$385,905
2,002
Total receipts
1,638
$342,939
$387,543
DISBURSEMENTS.
Road repairs
$77,963
Shop repairs
Transportation
$101,474
50,785
90,105
44,354
84,132
21,018
Miscellaneous
Total operating expenses
Elevator rents
Illinois Central rent
Interest on equipment bonds
Taxes
21,438
$227,469
!
$263,804
2,111
3,230
19,260
15,208
1,035
17,535
11,047
14,437
1,300
20,723
5,109
$296,380
$336,073
14,168
Insurance
14,929
1’
1,080
Sinking fund
Interest
Total...
Balance
46,559
51,470
LAND DEPARTMENT.
Total, 1878
64,901
$414,177
Acres sold
Value of lands sold
Average price
per acre
228,976
109,337
80,812
GENERAL STATEMENT.
Original land grant, exclusive of disputed lands, acres
555,000
209,084
$6'31
Acres of land sold
acre
Received in notes
Received in land grant bonds
Bonds account town lots
Land grant bonds issued
Land grant bonds cancelled
Land grant bonds for cancellation
Land *rant bonds outstanding
Land notes on hand
'.
1878.
1877.
43,618
150,224
47,363
140.143
163,591
187,488
313,8! 8
80,970
327,631
60,695
391,788
388,816
INVESTMENT
NE^S.
as
follows:
1874
1875....
1876
$799 OOO.OTO
330,600,005
722,000,000
$1,571,000,000
912,000,000
The Railroad Gazette says of this : " The Moniteur intends to
include all loans brought out in Europe, but it certainly
does not
take account of some placed in America.
It credits America
with $6,735,000 raised for railroads, etc., (which would be about
$3,300 per mile of road built in the United States alone), and
$1,000,000 for government and municipal loans, or $7,735,000 in
all, against $704,600,000 in 1877, $313,200,000 in 1876, $44,400,$19^,400,000 in 1874. These may represent
pretty accurately tbe American investments placed in Europe in
these years, but they give no idea of those issued in this
country,
which, indeed, it would hardly be possible to get a fuH list of.
Of the railroad investments, amounting to about
$156,000,000, no
legs tliaf $114,000,000, or 73 per cent, is credited to France and its
colonies,* $24,570,000 to England and its colonies, $2,875,000 to
Holland and its colonies, $2,600,000 to Italy, and not as much as
$2,000,000 to any other country. This country doubtless has
been and remains the great consumer of investments
for produc¬
tive purposes. Elsewhere, if there are any considerable loans, it
is usually chiefly to governments, and a
very small part is for
enterprises expected to produce any material return. The loan
issued by Russia alone in 1878 was more than twice as
great as
the aggregate European investments of capital in
railroads,
000 in 1875, and
etc., that year, and this loan was, we may say, expended for
destruction instead of production.”
Chesapeake & Ohio Railway.—The first preferred stock and
second preferred stock, and the purchase money
nhis company, have been placed on the
funding bonds of
regular list of the Stock
Exchange.
The bonds put on the list consist of the 6 per
mortgage gold bonds of 1903, series B, interest deferred; also
the 6 per cent mortgage currency bonds of 1918, interest deferred.
cent
The old first
mortgage bonds of the company, which were on the
were transferred to the free list
The official state*
ment of the company, which was
presented to the Committee on
Stock List of the Exchange, contains the following. The corpor¬
ate name of the
company is “ Tbe Chesapeake & Ohio
regular list,
Company.”
The company
Railway
organized on July 1, 1878, by the
purchasers of the property and franchises of the late Chesapeake
& Ohio Railroad Company. The capital stock is as follows :
was
Amount of capital stock issued and to be issued to the bondhold¬
ers, creditors, and stockholders of the Chesapeake A Ohi
> Rail¬
road
Company, in accordance wiih the plan of July 1, 1878
$27,085,55
As follows:
First preferred stock to be issued to holders of the 6 per cent bonde
for past due interest to July 1, 1878
Secona preferred stock to be issued to holders of the 7 per cent
bom's for past due interest to July 1; 1878, and for 16 2-3 per cent
of the principal of 'he bonds
Common stock to be issued to the holders of the floating debt and
capital stcck....
4,697,803
•
6,481,615
15,906,188
6*38
Receipts in bonds
Receipts in notes
Receipts in cash
Average price per
Received in cash
Moniteur
11,634
$466,867
78,097
.
$115,003
:
Arkansas State Debt.—At Little Rock, Feb. 11, after a debate
occupying nearly all day, Representative Fishback’s resolutions,
$602,754 proposing a constitutional amendment repudiating the Holford
1,432 and other bonds, passed the House by a vote of 59 to 15.
Capital raised in Europe in 1878.—The Beleian Moniteur
$604,186
des Interets Muterie's publishes annually a
compilation showing
the capital raised in Europe for government
loans, banking
$143,654
institutions, railroads, and other industrial enterprises. Accord¬
73,810
116,736 ing to this statement the amount in 1878 was $912,258,355, of
which $724,382,400 was in government loans and
29,546
$155,880,000
363.218 for railroads.
The totals for the past five years are given
by the
18,0 9
DISBURSEMENTS.
Road repairs
GENERAL
139,257
9,125
6,000
9,542
1,419
...
,
Total tonnage
1877.
$543,545
*
*
Total coal
Tons other freight
EARNINGS.
Freight
Top coal
Tons Cumberland coal
St. Paul & Sioux
year
follows
Passengers carried
Tons Broad
(For the
were as
$136,592
146,565
.
:...:
1,036,291
2
25,076
800,000
959,500
101,867
1,738,632
146,565
Total....
$27,035,156
debt of the company, when all the bonds for the
issue of which it has become liable under the
plan of reorganiza¬
Tlielbonded
tion, and in compliance with the conditions of purchase, have
been issued, will include about $1,500,000 of bonds
having a
prior lifii in snbstitution for old Virginia Central bonds, and notes
due 1879 to 1881 for $345,846.
The interest on these bonds and
notes is
payable semi-annually,
on
January 1 and July 1 in each
year, at the office of the company in Richmond, Va.
This indebtedness is secured by a deed of trust, constituting a
first lien upon the railroad, property and franchises of the com¬
pany,
dated
executed to Joseph Bryan and Henry T. Wickham, trustees,
July 1, 1878.
172
THE CHRONICLE
Purchase money funding bond-5, dated Ju! 1,
1878, payable twenty
year* after date, $:.000 eac h ; interest, at the r»te of six tier cent
per annum, payable Janu ry 1 ard July ' ; not to exceed in the
aggregate
0 —Joseph Bryan and nenry T. Wickham, trus¬
tees—of which there have been issued and are now
outstanding
Nos. 1 to 201, inclusive $1,000 each
Six per cent mortgage gold bonds of 1^08. series B, dated
July 1,
1878, payable Jcry 1, 1908 ; interest 6 percent per annum, pay¬
able May 1 and November 1, in each year, in the
Ciiy of New
York ; to be issued to >hehn dersof the bonds of the
,hesapeake
& Ohio Railroad Cornpa y, in accordance with the
plan for reor¬
ganization. in denominations of $100, $500 and $1,000, not ex¬
ceeding in the aggregate
Interest payable as fo lows: November
1,1878, and for three years
thereafter, in the first preferred stock of the company; for the
fourth year 3 per cent in the first
preferred stock and 3 percent
in gold coin ; for the fifth year 2 per cent in first
preferred stock
and 4 per cent in gold coin; for the sixth
year and thereafter
....
Gross
;
the
15,OOC,OCO
a mortgage upon the ent re railro >d,
property, and franchises of
the company, executed to the Centnl Trust
Company of New
York, Trustee, dated July 1, 1878. subject, io the lien of the deed
of trust executed to Joseph
Bryan and Henry T. Wickham, trus¬
tees, above descr bed.
(The mortgege by which the above-described bonds are secured
provides also for the issue or $2.0 0,(!00 bonds, to be known as “6
per cent mortgage gold bonds of 190series A,” payable
July 1,
1908, interest payable April 1 and October 1, in each year, in gold
coin, having equality < f lien with the bonds of series B. The bonds
of series A are reserved for future use in
extending and improving
the railroad and property of the
company, and will not be issued
until they are required, and can be used to
advantage, for these
purposes.)
Six per cent currency bonds of 1918, rated
July 1, 1878, payable
.July 1, 1918. Interest payable on January 1 and
July 1 of each
;year in the city of New York. To be issued lothe holders of the
Chesapeake & Ohio Railroad Company in accordance with the
plan for reorganization, in denominations of $U0, $503 and’
$1,000, not exceeding in ihe aggregate
$10,122,500
Interest payable as follow-: For the fi^t six
years in second pre¬
ferred stock of the company; for the seventh
yea.* 4 per cent in
second preferred stock and 2 per cent in lawful
money of the
United States; for the eighth year 2 per cent, in second
preferred
•stock and 4 per cent in money; and for the ninth
year and there¬
after wholly in money, provided the revenues are
sufficient for
the purpose after the payment of
operating expenses and provid¬
ing for the necessary maintenance and equipment of the road,
and the interest on bonds secured by
prior mortgages; all interest
not paid in money to be
pa d in second preferred stock; the com¬
pany having the right to commence the payment of interest in
money sooner, or to pay interest in larger proportion in
money
at any time, than as above sDecificd, whenever i he
revenues of the
road will permit. Secured by a
mortgage executed to Alexander
B. Green and Isaac E, Gales, Trustees, dated
July 1, 1S78, on the
entire rca<\ properly and franchises of the
company, subject to
the liens of the deed of trust and the
mortgage above described.
Length of main line, from the company’s whirves on the James
River, below the cit^ of Richmond. Va., to Huntington, West
Virginia, its j resent terminus on the Ohio River
421 miles
Leng h of branches
6 miles
Length of sidings
S6 miles
•
•
•
'Total track
were as
516 miles
follows
Operatkg
:
for tbe six months from
1 to December 31, 1878,
!
Earnings
over
operating
761,222
expenses
246,401
expenses of the road for the sev¬
The earnings and
operating
eral fiscal years ending
September 30, from 1874 to
From
From
From
From
From
shows
Oct. 1, 1873, to SeDt. 30, 1871
Oct. 1, 1671, to Sept. 30, 1875
Oct. 1, 1675, to Sept. 3d, 1876
Oct. 1, 1876, to S< Dt. 30, 1877
Oct. 1, ls77, to Sept. 3 \ 1378
Earnings.
$1,480,189
1,459,189
1,599,512
1,702,532
1,935,360
1878,
700,488
3,231,767
profit after the payment of all
charges of $440,971; and the leased lims, including tli9 Nevi
York & Canada Railroad, a loss of
$498;562.
Denver & Rio Grande Railway.—A rumor having been cir¬
a
culated that there has been an over-issue of Denver
& Rio Grande
bonds, the trustee of the bonds, Mr. L H. Meyer, of New York,
has applied to the President of the New
York Stock
mittee
on
Securities.
Galveston Houston & Henderson.—The
following statement
receipts and expenditures for 1878 is more in detail than that
published last week:
of
EECEIPTS.
Passenger receipts
Freight iereipts
$101,057
375,714
Mail service
6,110
9,591
Expres* earnings
Miscellaneous receipts
;
2,935—$495,439
EXPENSES.
Passenger service
Freight expenses
$25,701,
101,050
Fuel consumed....
32.574
Superintendence
8,9:35
Loss and
damage
Repairs of buildings
5,566
968
Maimenance of way
36,185
34,249
Motive pow..r .......
General office expenses
Insurance
Taxes and
Net
19,587
3,685
miscellaneous
39,347-1310,&44
earnings.
$181,-95
BALANCE
Stock.
Debt
SHEET, DECEMBER
31, 1878.
$1,000,000 1 Cost of road, &c
$3,448,297
1,500,000 | R°al estate and buildings..
in, 853
47,541 I Change of gauge
36,184
....
Bills payable.,
Other liabilities
131,670
Current/icconuts
Profit and lass
! Materials
96,380
817,032
|
$3,592,627
|
Total
-
Total
on
hand
15,805
81,487
Current accounts....
^
$3,592,627
Government and Railroad Land Sales.—The Boston Journal
obtained from the principal land
grant railroads of the
country, and from the government land office and the Governors
of Western StateR,
reports as to the sales of lauds during the
last few years.
The result of its inquiries is presented in the
following table, together with the estimated immigration to the
United States during the same
years :
has
1872.
1875.
were :
E’n’gs o'er
Oper’gEx. Oper’g Ex.
$1,214,340
$245,84 >
1,135,353
323,835
1,243,935
356,476
1,363,224
339,307
1,594,739
341,621
Exchange,
requesting that a committee be appointed to count the bonds in
his custody as trustee, and
emphatically denies that any over¬
issue has taken place.
The case has been referred to the Com¬
$1,007,623
expsnses
Earnings
1
$57,591
The company proper
having the right to commence
gold coin sooner, or to pay interest in
The earnings and
operating expenses
the organization of the
company, Juiy
$3,174,176
:$’,322.578
Deficit...
revenues
•
6,416,690
*
proportion
any period,
than above
specigreater
at road
ed, whenever
the in gold coin
of the
will permit.
Secured by
'
.$9,500,866
,
Net earnings
Interest and taxes
Interest and rentals of leased lines
201,000
c<»m* any
the payment of interest in
receipts
Less expenses.
.
468781
wholly in gold coin
VOL. XXVIII. 1»
Government
Railroad
land sales.
Acres.
land sales.
7,124.725
6,288,2 4
5,610. M3
3,712,420
1,001.000
4,2*4,544
3J 38,479
7,562,246
These
Acres.
980.f09
950J 00
850, OlO
1,060,000
1,800,000
2,730,'00
Immigration to
U. S.
449,483
437,000
277/ 93
SOy.036
182,027
160,0(0
130,100
figures are, from the nature of the case,
only approxi¬
mate, and the number of immigrants
materially
exceeds
the num¬
ber g-iven by the United States Bureau of
Statistics.
The statement
includes the government land sales in all the
Chicago & Pacific.—Judge Blodgett, at Chicago, Feb. 12, States and
Territories, except Texas, which State owns its own
decided the long-pending suit of John J.
Blair, of New York, lands, and the sales in which do not
and others, holders of bouds of the
in the government
Chicago & Pacific Railroad, to reports. It is estimated that the sale appear
of
foreclose
a
mortgage given by the defendant
company to the
’New York Loan & Trust
Company to secure the payment of 2,000
bonds of $1,000 each.
Judge Blodgett decided that the mortgage
should be foreclosed.
Columbus Chicago & Indiana Central.—In the case of
the
P.ittsburg Cincinnati & St. Louis Railway
vs.
Company
the
Columbus Chicago & Indiana Central
Railway Company, the
.receivers, Messrs. Roosevelt and Fosdick, are authorized to draw
the sum that shall be
paid by the Pittsburg Cincinnati & St.
Louis Railroad Company under former
order of the court. Out
of this money the receivers shall
first pay to James Pullan,
trustee, a proportion of the gross sum
corresponding to that of 27
to 5861.
Out of the residue of the money, the receivers shall
receive 1£ per cent for their
services, and the residue shall be
applied, so far as it will go, toward paying the interest on bones
which will fall due prior to the 1st
day of July, 1879, and that
which is now in arrears,
using their beet judgment as to which
shall have priority. The
following interest is in arrears:
On second mortgage 10
per cent bonJs of Indiana Central
On preferred first
mortgage of Columbus & Indianapolis road
On first
mortgage bonds Columbus & Indianapolis Central.
On second mortgage same road
$61,150
On first mortgage bonds Toledo
Loganeport & Burlington.
On income bon <s same road
On first mortgage Union &
Logansport road
On Columbns &
Indianapolis common first mortgage
On same road, second
mortgage
On Chicago & Greai Eastern
construe ion and equipment bonds.*..**.
•On Cincinnati &
Chicago At line b >uds
On Chicago & Great, Eastern old
first mortgage bonds
On last Ch’cago & Gieat Eastern
bonds
On Cincinnati &
Chicago Air-line
..
Company’s sinking fund bonds....
11,130
208,460
43,995
8,802
2,83 4
8%105
11,023
*245
71,610
24,9 0
1878
are
was
based
on
It
will be observed that the sales of
government and railroad
lands in 1878 largely exceeded those of
1873, while the immigra¬
tion in 1*78 was
only a little more than one-third what it was in
1873.
The inference is that the sales of Western lands last
year
were
principally to persons moving from the Eastern and Middle
States to tbe far Western States.
Jersey City Debt and Finances—A writer in the New York
Evening Post gives a review of the debt and financial condition
of Jt-rsey City, from which the
following is condensed. Some
difference of opinion may exist as to the views
expressed by the
writer, but his facts are substantially correct.
Authority for the following figures is fouud in Mayor Hopper’s
message of December 17, in Comptroller Nelson’s statement of
December 20, 1878, and some recent emendations ol
both obtained
from headquarters.
A statement is as follows ;
.
company:
Grand total
Of the
173,550
s
....
loans.
$232,000
;
Total
Assessment bonded debt.
Water bonded dtbt
Revenue bonded debt....
9 wo-ycar bonded debt...
Ravine road sewer bonds
Improvement certificates.
Total
$347,967
GENERAL BONDED DEBT.
Old Bergen ,
Old Hudson City
Old Greenville
Old Jersey City
New Jersey City
29'540
33’600
5*551 Temporary
Delaware & Hudson Caual.—The
following statement of the
Delaware & Hudson Canal
Company, showing the receipts and
-expenses for 1878, has been iesued by the
public lands in Texas in
1,000,000 acres. The railroad land sales
reports from twenty of the principal land grant lines.
not less than
125,5.0
8:5,400
2,017,000
$3,433,450
6,060,500
4,788,000
403,000
500,(00
25,564
112,500
1,032,000
$16:352,014
“general debt,” $905,800 are old war bounty bonds;
$200,400 aTe for schoolhouses ; $147,000 are without title;
$500,000 are a debt funded in 1872 ; $022,000 were to make
up
February 15, 1879.]
THE CHRONICLE.
vdeficits and
supply money for the city government of 1872; and
the remainder has been incurred for various
improvements. The
i /4
revenue bonds” are
1Q7't QnH 1
provided
for Ktt
taxes nf
and 1871t anH
by fa-voa
of 1873
and
the sinking fuiid ot 1876.
The “ two-year” bonds were issued in
anticipation of the collection of taxes and assessments and the
sale of bonds.
The “ improvement certificates” are certificates of
indebtedness which were funded last year. A statement of the
years when these various bonds will fall due is as follows:
(<■
781
'
n a
a
fa
r> rn xr
Bonds overdue
i)ue in 1S79
(»
it
it
it
«fc
it
it
it
1880
Due in 1861
$V?.0
(•
<c
43 OlO
1881
1*82.
186.
20,<03
it
325 2 '0
CC
47,000
Cfc
188>
1*83
1889
18^0
it
.
1,241,000
ft %
303,000
u
...
ls92
...
1891...-.
$1,$69,000
1,210/00
992 500
1894
18 f?
1900
1905
190i
1909
...
1,399,'00
500,000
175 0 0
610 00-
350,000
1913
...
.622,000
The blame for this immense accumulation of
debt, costing, the
•city almost a million dollars annually for interest, is tossed back
and forth between the
political parties which have alternately
controlled the city government, and
by both upon the evil con¬
struction of that g)vernment, which there is a
growing feeling
highly desirable to change fro n the present system of
boards” to a single body of Aldermen.
It is likely that Jersey I
City, as a whole, has less to show for her great debt than any
ether of the cities of northern New
Jersey, and this is particularly
it
is
“
true of the last two
three years.
or
found to have come in at the end of the
interest must be paid all the same, even
The collection of assessments and taxes has been
systematically
neglected for several years—no energy charactei izing any part
of the city government in this direction.
The officers excuse
themselves on plea of policy, the results of which at least do not
testify to good judgment. The assessments which were relied
upon to pay the interest and principal of the $6,000,000 of assess¬
ment bonds not coming in
voluntarily (which was scarcely to be
expected), and not having been payed by compulsion, since 1874
deficits in the proceeds for interest even have occurred
each year, all of which the
city lias been required to pay. The
enormous
current year;
but the
though there is no pro
vi«ir*r» in the
1»
tnv
1 17fnn
vision
i
tax levy
maannaUr.
for the purpose. Wliar
What is
reasonably to
bi ex ecred out of these arrears
of'assessment, which almost
cost more than
they can ever be worth?
Toe best way to
^
120,500
....
173
1 n
at
come
t
«
£}
t
O
niimnau
j
4
this is to review
the assessment account
up to January
22, 1879, kindly placed at the disposal of the
representative
of
the Evening Post
by Collector Love. This reads as follows:
A.
B.
C.
D.
E.
Total amount for which assessment, bonds were
issued
Total amount of assessments as
originally confirmed
a mo'int of re asses ment.
Amount plnced on the city hy this re-assessment
Amoum collected on original confirmation
K. Amount collected on ie-con^rmation
G. Amount placed <*n
city on assessments not re assessed
H. Amount of assessments not set aside.
I. Amount now confirmed and due
(obtained by subtracting from
ihe fum of items C and G, the sum of D
and H, and
subtracting
from ihe result item Fy
$6,060,COO
5,542,539
3.939,262
1,152,789
1.894,219
2,354,747
1,553,733
396,762
1,588,676
In this balance due of
$l,53S,676, the interest accrued has not
been included. This would amount to about
$200,000. But it is
expected that from five to eight hundred thousand dollars' worth
of these assessments will be overturned.
This will, therefore, far
more than offset the amount of
interest, and considering this fact
and the age of the assessments, and the obstacles in the way of
collections from unimproved
property and the expenses entailed
by collection, it will certainly be leaning far toward liberality
to
say that $1,250,000 are all that will ever be obtained from the
remainder of this assessment-roll of $5,500,000, the cash
proceeds
of
which, thus far, have been only about $2,000,000. Moreover
come in too
slowly to begin to pay the annual interest
on the assessment
bonds, not to speak of contributing anything
to the
sinking fund.
this will
THE
Next
SINKING FUND.
the
sinking fund. Its stated value is $1,032,000 ;
its actual availability to
extinguish city indebtedness is $405,000.
Th;s is due to the fact that the
city has borrowed from its sinking
fund, at various times, $537,000 (as repor ed December 20,
1878),
returning in lieu of the available funds so obtained a bond or
comes
aggregate of this interest deficit in the last three years amounts
$832,69C, but no addition was made for it in the tax levy from bonds.
year to year.
Therefore the money is borrowed and the debt
The good assets of the city,
therefore—leaving real property
increased through enlargement of the
out of the question—foot
Joan.
“temporary
up as follows in round numbers :
This floating debt of $1,932,000
appears to be the danger item of Tax arrea“8 due (estimated value)
$2,500,000
the whole liabilities list. The bonded indebtedne-s is
Asse^sm^nt arrears due (estimated
value)
1 250,100
distributed
through a long time ahead, and if wise counsels prevail will prob¬ Sinking fund
495,000
ably take care of itself pretty well; but if the floating debt
Total value of assets.,
$2,245,000
grows at the mush-room rate it has exhibited within the last
Louisiana State Bonds.—An act to reduce the interest
twelve months, the taxpayers of
upon
Jersey City will soon have the bonded debt of Louisiana from 7
abundant cause for alarm.
per cent to 4 per cent, and to
The " temporary loan account” fur¬
is*ue new bonds for the 7 per cent bonds now in
nished by the Comptroller on December
existence, has
20, 1878, was $1,257,000. been
proposed in the Louisiana State Senate.
Since this time $225 000 has, it is
said, been paid, leaving $1,032,000 as the total. The first items of this loan are bank
Memphis City Finances.—At
to
■«
advances, which explain themselves; the last
is borrowed
demand
on
from
th
“
*
item of
$537,000
Commissioners of
Sinking
Fund,” in other words, the sinking fund itself.
TIIE BALANCE
Opposed
forward
to this total debt
as assets
SHEET.
of
available the
$16,352,014 Jersey City brings
subjoined items :
Taxes due and unpaid of 1372 and
previous
$130,433
38 73
1374
2)1,714
187,412
1875....
3t76
Less deduction of Commisfcioner of
Appeals
Inte'est due on the above at 7
per centum
Assessments due ancLunpaid
Interest at 7 per c-ntum (about)...,.
1 014,535
$5,472,704
...
The value on paper,
more than
$5,060,000,
But while ili^re cai
debt, there is a cbauce
of the assets.
Iu the
Missouri Kansas & Texas
bonds.
The
company was
organized under the laws of Missouri, and the bonds are issued
539,988
to the amount of
$1,000,000, for $1,000 each. The object of the
811,190
issue was to raise money for tbe construction of a
bridge across
$2,494,491
the Missouri river at Boonville, the bonds to be
secured by a
U 0,100
mortgage
on
the
bridge,
its
&c.
The
bonds
are dated
approaches,
$2, £94/91
May 1, 1873, and mature May 1, 1906; interest at 7 percent.
275.UO0
1,588,676 Tbe coupons are payable May 1 and November 1;
principal and
200,0<.0 interest are payable in
gold coin, and are guaranteed by the
endorsement
,
Total
Memphis, Tenn., Feb. 12, 1879,
Judge Baxter, of the United States Court, appointed Thomas J.
Latliam receiver to take charge of the effects of the
city of Mem¬
phis, including unpaid taxes, amounting to nearly $3,000,000,
with power to collect by
garnishment or otherwise. All of the
creditors of the city are ordered to make themselves
parties to
the action and file claims on or before tbe third
Monday in
May next.
Mo. Kan. & Tex.—Boonville Bridge.—The B oonville
Bridge
bonds have been placed on the
regular list of the Stock Exchange
with the
293.993
329,648
.
then, of Jersey City’s assets is something
against an indebtedness of $16,000,000.
be no doubt as to the
validity of all the
for very serious doubt as to the
par value
first place, how much is the
tax-arrearage
of the Missouri Kansas & Texas Railroad
Company.
There have been cancelled by
redemption under the sinking fund
bonds in all 32 bonds, leaving the amount of bonds
December 12, 1878, $968,000. There is no interest inoutstanding
arrear, and
the sinking fund has been
paid up to date.
New Jersey Southern.—The details of the lease of the
Southern Railroad by the Central RR. of New
Jersey are not yet
made public. The Tribune says: “It is stated
officially that
hundred thousand dollars have been the terms of the lease are favorable to the Central Company, and
by tbe Commissioners of Appeal, and the Mayor, in his that tbe possibility of a rival line to main competing places is
removed.
Tbe contract was made with the holders of a
message before cited, says that the city is likely to be called
majority
upon,
not simply to
of the stock and bonds of the Southern Railroad
forego claim to, but actually to' pay back on fur¬
Company ot New
ther appeal decisions, $251,000.
A part of this tax arrearage Jersey, the intention being, it is asserted, for them to purchase the
This will be followed by a re¬
amount, therefore, seems to belong to tbe liabilities rather than road at the foreclosure sale.
the resource*.
Three years ago the city voted to remit
organization,
the Southern Road to be run by the Central Com¬
penalties,
that is, all interest above seven
pany, and to be controlled exclusively by the managers of the
per centum, on arrears of taxes.
The effect of this reduction,”
latter company.”
says the Mayor, “ has shown but
a
very slight increase in the payment of arrears. On the con¬
New York <te Boston Air Line.—The New Haven
Register
trary, many of those who have paid promptly in the
says
that an arrangement has been effected whereby the consoli¬
past will be
likely to take advantage of this in the future, for the reason that dated railroad is, after March 1, to manage the business pi the
money can be frequently used more advantageously in private New Haven Middletown & Willimantic road, known as the
Air
and business affairs at seven
Line. If anything is done, it will probably be by lease.
per centum interest than in paying
•account worth?
taken off
Already
a
“
.
taxes and assessments.”
WORTHLESS
Examination of the
Tesult
in
about
the
ASSESSMENTS.
assessments
satne
it
city received
Court of the District of New Jersey, took
place this week. The
road was sold for $35,000 to Messrs. John Poole, J. O.
Calhoun,
.Willis Phelys, H. J. Cullen, Jr., and Walter
Shanly, on behalf of
the Committee of Bondholders.
charged against property must
redu tion.
yielded enough
since 1874
New York West Shore & Chicago.—The auction sale of this
railroad, under a decree granted in the United States Circuit
-
This
accouut
has
never
to pay more t han the interest on its own
bonds, and
has not sufficed for that.
The following year the
from collection of assessments
only $255,716; in
St.
187G-7 only $120,430; an i last year the amount sank to
$61,109,
leaving a deficit of almost $300,000 to be paid out of the general
city funds.
At this
rate
of decrease
nothing whatever will be
Louis
assented
it had in
Iron
shares
Exchange.
•
-r
Mountain &
Southern.—This company’s
added to the regular list of the Stock
official statement of the compauy shows that
were
The
December, 1878,
no
floating debt other than for
cer-
174
THE CHRONICLE.
tain partly-paid coupons, which are now in process of funding.
The agreement of December, 1878, it is stated, has been signed by
holders of over 85 per cent of the bonds, the parties thereto
agreeing to fund all arrears of interest in a long preference bond,
with coupons in trust as security. The holders of over $17,000,000
of the capital stock, which is now $21,116,941, or more than 80
per cent of it, have assented to aud signed the agreement.
Tennessee State Debt.—A meeting of holders of bonds was held
Charles M. Fry, President
The object of the meeting
was to hear the report of the committee which had been endeavor¬
ing for some time back to make a settlement with the Tennessee
Legislature. Mr. Eugene Kelly, the chairman, said that on Jan.
at the New York Clearing House, Mr.
of the Bank of New York, in the chair.
19 the committee had sent
to the
Governor of Tennessee the fol¬
lowing propositions for settlement:
First—The bondholders to receive new bonds, representing sixty per cent
of the debt and accrued interest, tne same to bear six per cent interest, the
bonds to run fifty years; to be redeemable at any time on six months’
notice,
and the State to have the privilege of renewing them; or,
Second—The bondholders to receive new bonds at par, with accrued
interest, the same to Dear four per cent interest, and the coupons to be made
receivable for taxes.
Mr.
Kelly said that the committee had requested the Governor
these propositions to the Legislature, but no response
had been received from him.
In regard to the suits recently
instituted against the railroads of Tennessee.
Mr. Kelly said
to submit
that one member of the committee represented $1,000,000
bonds,
and the committee was not yet ready to sue the railroads.
Messrs. Evarts, Southmayd & Choate had given an opinion that
the State bonds did not carry a lien on the roads. Dr. Moran
stated that lie bad the highest authority for saying that the Ten¬
nessee State bonds were a lien
on the railroads of that
State.
Several of the bondholders had employed Mr. Charles O’Conor to
examine the subject thoroughly, and an opinion from him would
be published, in a few days to the effect that the roads were
responsible for the payment of the bonds issued in aid of their
construction.
—The above
proposition of the New York bondholders was
presented to the Tennessee State Senate February 13, and re¬
ferred to the Finance Committee, after a heated discussion.
[VOL. XXVIII.
%\xc ©mmtmxml
COMMERCIAL EPITOME.
Friday
Nigiit, February 14.
confidence and the revival of
week. Financial embarrass¬
ments among manufacturers of New England have, however,
served as a partial check to a too rapid development, enforcing the
suggestion, which should be generally accepted, that as all the
weak spots have not yet been developed, it is better to make haste
slowly. Recent disastrous fire*, aud the danger of an extra ses¬
sion-of Congress, have also served as disquieting influences; while
the prolongation of the strikes at Liverpool threaten to diminish
our exports temporarily by
depriving us of the needed supply of
freight room on the re-opening of inland navigation. The inher¬
ent strength of the situation is shown, however, in the little
effect produced by these adverse influences.
During the past week considerable firmness has been developed
in the provision market here,owing to an advance at the West;
the movement has been of fair proportions, though at times quite
spasmodic. Latterly, some irregularity has been noticeable in
prices, but to-day pork, after opening weak, closed steady at
$8 85@$8 90 for old and $10 40 for new mess ; do. for April
sold at $10 30.
Lard’also closed firmer, though quiet, at 6 75(3)
6‘80c. lor prime Western on the spot, and 6'7oc. for do. city^
Western, for March, sold at 6'80@6*82£c., but subsequently
6’85(5)6 *87£c. was asked; April sold at 6’92£(3)7c., and May,
at 7@7’07£c.; refined to the Continent quoted at 7£c.
Bacon
was dull and
nominal
5£c.
long
and
short
wholly
at
for
clear
Fair progress in the growth of
business has been mide the past
here.
Cut. meats
were
hams have advanced to
Virginia State Debt. —The joint Finance Committee
House and Senate held
of the
a session
Feb. 12, at which an amended
proposition for the settlement of the debt question was submitted
by representatives of the American Bond Association of London,
Mr. Bourerie, President, and the Funding Association of the
United States, Mr. H. McCulloch, President.
The proposition is
similar to that recently made, except that the term at three
per
cent interest lias been extended
As it now stands
York agree to fund
the two
from five to ten years.
associations of London and
New
the entire debt of Virginia, both consol and
peeler bonds, in new bonds running forty years at the following
rates of interest; three per cent for ten
yearp, four per cent for
twenty years, and five per cent for ten years.
The joint committee agreed to report a bill
embodying this
proposition to tbir respective houses.
—In view of the unprecedented transactions in the
funding of
Government bonds, and the anxiety of holders to find out what
they
may
best purchase in place of five-twenties called in, Messrs.
Fisk & Hatch have issued a circular
containing some suggestions
and hints that may be useful:
That by selling their five-twenties, or
exchanging them for
other bonds, before they are called in, they can realize from onehalf per cent to one per cent more
premium than they
after their bonds have been called.
That
can
realize
the present low prices of the sixes of 1881 and the fives
1881, they can fund their five twenties into the former by pay¬
ing a difference of about four per cent, or into the latter by paying
a difference of about two and a half
per cent.
That as the sixes of 1881 (second and third
series) cannot be
disturbed until after June 30, 1881, they can, by
funding their
five-twenties into these bonds, continue their interest at the rate
of six per cent per annum for two years and a half
at
of
cerraiuly, with
strong probability that it will continue at that rate for at least
three years, and a possibility that it
may continue for from four
to five years.
Assuming even the shortest period that the sixes
of 1881 are likely to run, the result of such an
exchange will be
fully as advantageous as funding now into the four per cent
bonds, while for every three months additional that they may
run there will be a
gain of -one-half per cent in holding the sixts
of 1881 over holding the four per cents.
That, while the option to redeem the fives of 1881 will mature
in 1881, there is no
probability wha ever that any of them will
be redeemed In that year, because there will be nearlv three hun¬
a
dred millions of the sixes to be called in before the fives will be
disturbed.
The present rate of
funding is exceptional and phenomenal as
compared with all past experience, and making the largest pos¬
sible allowances for favorable circumstances and
conditions, in
the present and future, not heretofore
existing, it can hardly be
expected to continue uninterrupted for long periods.
—The Royal Insurance Company of Liverpool, with New York
offices in the superb building 41 and 43 Wall street, issues its
annual statement to January 1, 1879. The
company has gross
fire assets of $10,104,969, and its net fire
surplus is $5,96'?,332.
The yeport states that the Royal has the largest surplus of
any
fire Insurance company in the world.
Of the United States
branch, the assets (invested in Government bonds) are $3,728,490,
liabilities, $1,469,244. Messrs. A. BjMcDonald and E. F.
£ed$}l a,re the managers.
and
mcs.
less active and somewhat lower.
Beef
$18@$18 50. Beef has been more active
export to supply British troops in Africa, via Liverpool.
Butter is rather depressed at the close, exc?pt for choice grades.
Cheese steady and in fair export sale.
To the close of last week
there were slaughtered at, the principal' towns of the West 6,776,400 swine, against 5,486.700 for the corresponding period laBt
season ; and exports of pork, bacon and lard from the Atlantic
ports were 397,380,000 lbs., against 311,085,500 lbs. for the cor¬
responding period last season.
Kentucky tobacco has been more active, owing to large sales
for account of Regie contracts, the sales aggregating 1,550 hhds.,
of which all but 50 for export.
Prices rule firm at 2£@4|c. for
lugs, and 5@12c. for leaf. Seed leaf has been rather quiet, and
the sales of the week are limited to 400 cases Pennsylvania at
12@22£c., and 200 do. New England, seconds and wrappers, at 11
@25c., all crop of 1877. Spanish tobacco quieter, and the sales
are only 450 bales Havana, at
S8c.@$l 10.
A fair business in Rio coffee has been done at a
slight decline,
the closing quotations for fair cargoes
being 14@14£c., with a
stock of 69,754 bags.
Mild coffees have remained quite firm,
with business checked by the smallness of the supply;
prices are
as last w ek.
Molasses has been quiet at unchanged prices. Raw
sugar has been quiet, partly owing to the fact that most of the
arrivals have come to refiners, and, in
part, owing to the dispute
between refiners and importers, as to whether the former shall
or shall not be allowed the old 12
per cent or guarantee tare, and
an allowance for
lighterage from the warehouse; prices have
remained steady, with fair to good
refining Cuba, 6f@6£c.; refined
sugars have latterly sold more freely at stronger prices, especially
for soft yellows ; standard crushed, 8|(39c.
Ocean freights have ruled quite steadily in view of the more
limited offerings of tonnage,
caused by the accidents to the
Celtic,” and “ City of Chester,” and the detentions in Liverpool
by the prevailing strikes and labor disorders; rates, on the whole,
are
unmistakably steady. Late engagements ^nd charters in¬
clude: Grain to Liverpool, by steam, 5£@6d., 60
lbs.;.cotton,
id.; bacon, 35s.; cheese and butter, 45s.; grain to London, by
steam, 6£d.@7d., 60 lbs.; do., by sail, 4s. 4£d.@4s. 6d. per qr.;
flour, Is. 7|d.@ls. 9d.; grain to Hull, by steam, 7d.; do. to Glas¬
gow, by sail, 6d.; flour, 2s. 4£d.; grain to Cork, for orders, 4s. 9d.
@5s.; do. to Dutch ports, 5s.; do. to Mediterranean ports, 5s. 6d.;
refined petroleum to the Continent, 3s. 5d.;do. to Lisbon, 4s.
3d.;
do. in cas> s to Malaga, 27c.
To-day ; Grain to Liverpool, by
steam, 6d 60 lbs.; cotton, £-d.; grain to Hull, by steam, 7£d.; do.
to Glasgow,by steam,
6jd.; do. to London, 4s. 6d. per qr.
Naval stores have retained their late
firmness, though business
has been slow ; spirits turpentine
quoted at 30c., and common to
good strained rosin $1 40(3)1 42£. Petroleum his advanced, and
closes firm at 9£c. for refined in bbls.,
by reason of the limited
offerings from refiners. Lead retrains steady at 4jc. for common
domestic. American pig iron steady; saleB 5,000 toDS
gruy forge,
private terms.
Steel rails quoted here at $43, with a sale of
10,000 tons, for Southern delivery, on private terms. Ingot cop¬
per continues quiet at 15£c. for Lake. Grass seeds quiet, but firm.
Whiskey quiet at $1 07.
for
*•
,
February
15, 1879.
THE
|
O O T T O N.
CHRONICLE.
The market for cotton
at
1879.
1878.
58,967
14,089
10,655
48,730
15,014
9,150
2,271
13,058
9,425
New Orleans
Mobile
Charleston
Port Royal, &c
Savannah
73
1877.
30,696
9,683
5,387
190
813
8,569
11,912
Galveston
Indianola, &c
Tennessee, &c
95
103
14,977
10,861
12,955
1,006
3,749
11,267
2,774
468
7,351
1,272
150,841
120,090
Florida
North Carolina
Norfolk
City Point, &c
Total this week
...
2,395
48,459
10,674
4,900
4,514
9,290
18,252
15,032
....
1876.
410
’■
13,123
435
402
a
in the week ;
676
2,615
14,129
1,727
8,918
2,955
7,104
723
669
428
120,720
110,576
96,950
a
bales, including
the week, and also for the corresponding
EXPORTED TO—
Great
Britain.
Feb. 14.
France.
Total
this
Week.
Conti¬
nent.
STOCK.
Same
Week
1879.
N. OrPns
28,094
....
Charl’t’n
Savan’h.
Galv’t’nN. York.
5,953
7,298
8,092
5,647
7,421
10,659
,
Norfolk-
Other*..
21,343
2,100
3,149
2,298
1,249
17,452
4,250
12,881
•
740
3,814
300
....
....
510
66,889
6,350
21,983
10,336
13,155
5,917
7,421
30,139
11,169
39,947
71*16
Sh6
844
8 34
9*8
Middling...
99i6
8*8
815ig
9*16
Ordin’y.$lb
5,921 78,303 100,180
10,436 70,391 69,174
9,528 155,617 149,224
14,574 24,647 25,366
4,019 35,000 55,000
Strict Ord.
Good Ord..
Str. G’d Ord
Low Midd’g
Str. L’ w Mid
Middling...
Good Mid..
Str. G’d Mid
73,164
8*8
143,250
81*16
9
Midd’g Fair
101,898 846,873 915,791
Fair
Tot. since
......
Sat.
TEXAS.
Mon Tues
7i*ie
778
814'
8%
8;,ie
83s
81*16
878
9316
97ig
Wed
Th.
9^6
9*16
Th.
Frl.
713I6
734
7=h
8*4
8%
8 he
71*16
83io
8H16
83s
9316
9716
SH16
9ii6
9
9
9°16
94
9‘16
9%
914
Sat.
71*16
Mon. Tne«
7i31fi
77ft
8°i6
844
8%
7151S
838
87s
Frl.
Wed
778
778
71*16
77«
8°16
81*16
8*16
813i6
838
77a
8*16
8*16
81*16
91s
938
Th.
87s
93ie
918
93s
81*16
Frl.
918
9%
938
9716
9*8
9 Lj
9*8
97ie
9916
9*8
9916
9916
9916
9»‘ie
9^8
934
91316 934
9l3i6 9%
934
10
19116 10
I0316 10*8
10*8
10316 1018
1018
107lfi 103s 103s
lOhe 1012 1012 109i0 10L> 10hi
11 *4
H116 |H116 1114 11*16 11*16 | III4 11*16 H*16
1115ifi 1178 1178
12
12iie 12
12
12116 12
STAINED.
Sept. 1. 1309,081 307,027 590,986 2207,094 1954,562
362,800
813i6 878
9*8
9lie
913
9ii6
93i8
933
9^16
938
9*16
9716
91.2
9716
9i3
9^8
99ig
9*2
95g
9916
9*8
91116 9iiie 9%
913i6 91116 934
91*16
10
lOhe ldie 10*8 103i6 lOhe 10*8 103j6
10^8
107ie 107ie 10^2 10h6 10 he 10Lj 10916
11*8
1H16 lli*
11*16 11 *4 Hie 11*16 III4
Il78
1115le lli^ie 12
12i1R 111*16 12
121m
944
Wed
Tot. this
week..
7Hig
91316
10»16
Midd’g Fair 11
Fair.f
ll13lfi
44,639 378,876 387,455
5,447 54,382 65,281
7,33 4 49.657 64,111
NEW ORLEANS.
Mon Toes
7%
Good Ord..
Str. G’d Ord
Low Midd’g
Str. L’wMia
Good Mid
Str. G’d Mid
1878.
*
Mobile..
Sat.
..
1878.
are
—
UPLANDS.
ending this evening reach a total of
Feb. 14.
143,250 bales, of which 73,161 were to Great Britain, 30,139 to
France, and 39,947 to rest of the .Continent, while the stocks as Ordiu’y.$B>
made up this
evening are now 846,873 bales. Below are the Strict Ord..
Week
delivery for the week
free on board. For immediate deliveiy the
total sales foot up this week 4,926
bales, including 1,503 for export,
2,581 for consumption, 587 for speculation and 250 in transit.
Of
the above,
bales were to arrive. The
following
tables
show
the official quotations and sales for each
day of the past week:
The exports for the week
ending
-
The total sales for forward
Total since Sept. 1. 3,592,189 3,374,969 3,407,924 3,295,251
2,836,183
stocks and exports for
week of last season.
the spot was
on
decidedly firmer early
quotations were advanced l-16c. on Monday, and
again on Tuesday, to 9 ll-16c. for middling uplands, and late on
Tuesday a large line was taken for export. But, on
Wednesday,
the demand subsided, and
prices were barely maintained, and
yesterday quotations were reduced l-16c. To-day, the market
was quiet and
unchanged at 9gc. for middling uplands. The
speculation in futures has been quite active
throughout the
week, and prices advanced considerably in the course of Satur¬
day and Monday, but on Tuesday there was a slight reaction,
because Liverpool refused to
respond to the course of our market.
1875.
Operators for the rise became sellers to realize, and on Wednes¬
day, the movement of the crop comparing
30,474
favorably with last
season, there was a material decline.
A" little less activity in
11,879 home
markets for cotton goods, with the embarrassment
of the
7,882 American
Print Works, has also contributed in some
measure to
189
the depression in the raw material.
Yesterday, prices of futures
16,804 continued
to give way,
closing, for the active months, slightly
10,749 below the
closing figures of last Friday. To-day, with a steadier
294
report from Liverpool, yesterday’s decline was
pretty fully
7,516 recovered.
'
Friday, P. M., February 14, 1879.
The Movement of the Crop, as indicated
by our telegrams
from tlie South to-night, is
given below. For the week ending
tills evening (Feb. 14), the total
receipts have reached 150,841
bales, against 171,608 bales last week, 167,097 bales the previous
week, and 148,648 bales three weeks since; making the total
receipts since the 1st of September, 1878, 3,592,189 bales, against
3,374,969 bales for the same period of 1877-8, showing an increase
since September 1, 1878, of 217,220 bales. The details of
the
receipts for this week (as per telegraph) and for the corresponding
weeks of four previous years are as follows:
Receipts this w’k
175
Sat.
Mon Tues Wed
Til.
Frl.
......
*
The exports this week under the nead of “ otner
ports” include, irom Balti¬
more, 1.276 bales to Liverpool; from Boston, 8,014 bales to
Liverpool; from
Philadelphia, 1,077 bales to Liverpool, and 510 bales to the Continent; from
Wilmington, 411 bales to Liverpool.
Good Ordinary
Strict Good Ordinary
Low Middling
B>.
Middling
In addition to above exports, our
telegrams to-night also give
the following amounts of cotton on
shipboard, not cleared, at
the ports named. We add also similar
figures for New York,
which are prepared for our special
use by Messrs. Carey, Yale &
Lambert, 60 Beaver street:
i
71*16
77s
&!.
3^8
87j6
8_1516
878
914
9316
71516
8716
8iB16
9°16
7Jhc
0°16
778
77d
838
83s
878
914
914
878
us
On
Fee.
14, at—
New Orleans
Mobile
Charleston
Savannah
Galveston
New York
Other ports
Total
Liver¬
i.
France.
84,750
10,600
6,520
5,200
15,491
26,250
3,500
None.
None
142,061
Other
Foreign
Coast¬
wise.
62,750
3,000
2,300
4,000
176,750
26,300
19,070
39,200
38,690
*5,200
22,000
37,696 130,368 15,585
327,210
2,000
3,920
None.
5,526
11,400
8,280
*
350
32,000
13,738
3,935
200
None.
2,000
2,000
202,000
28,082
150,417
37,647
519,537
our usual table showing the movement of cotton at
potts from Sept. 1 to Feb. 7, the latest mail dates:
N.Orlns
Mobile.
Char’n*
Sav’h..
•Galv.*;
N. York
Florida
N. Car.
{• 1877.
EXPOR TED SINC JE SEPT. 1 TO—
Great
Britain.
France.
Other
Foreign
.
30,537
39,103
31,701
following is
1878.
.
.
From the foregoing statement it will be seen
that, compared
with the corresponding week of last season,
there is an increase
in the exports this week of 41,352
bales, while the stocks to-night
are 68,918 bales less than
they were at this time a year ago. The
Ports.
Sat..
Mon
Tues.
Wed
Tliurs
Fri.
Stock.
Included in this amount there are 1,500 bales at Presses for
foreign
ports, the destination of which we cannot learn.
RECEIPTS SINCE
SEPT. 1.
Stock.
Total.
834,024 1030,554 297,198 128,602 153,157 578,957 384,892
295,264 324,548
29,387 21,331 16,905
67,623 53,213
458,678 386,461 117,290 46,972 123,435 287,697 64,254
604,534 480,817 157,190 21,348 161,323 339,861 74,153
460,021 361,712 155,588 43,744 43,306 242,638 77,395
104,002
65,390 168,606 10,161 17,395 196,162 155,825
114,647
11,040
115,466
3S9,417
89,474
10,296
37,784
138,684
123,894
1,967
2,050
18,589
3,858
13,071
12,263
53,423
143,255
136,965
3254,879 1168,302 349.444334,918'! 852.604914,322
Unaerthe head of Charleston is Included Port Royal, &o.; unaer the head of
Galveston Is included Iudlanola, &c.; under the head of Norfolk. Is Included
City
3
483
168
45
232
339
302
717
677
80,
60
150
84
1,273
....
.
Total
1,508
587
2,581
i’oo
....
....
150
Deliv¬
eries.
231
631
651
61,000
69,000
•66,700
1,635 56,000
1,017 66,500
761
....
250
Sales.
800
900
700
500
700
600
43,600
4,926 362,800 i 4,200
For forward delivery, the sales have reached
during the week
3h2,800 bales (all middling or on the basis of middling), and the
following is a statement of the Bales and prices:
Ba’es
For
Bales.
February.
900.
....
1,000.
1,700.
t
....
....
100.
1,100.
....
....
1,300.
.
800.
200.
.
...
....
11,200
14,700
.
.
9-80
9-81
9-fc2
500
2,100
200
500
2,800
.
3,800
12,200
..
9-85
9-80
4.500
.
1,500
4,200
,
.
200
.
9.100
.
.
.
.
.
.
9-88
2,300
1,200
9 90
9-91
9-92
900
200
...10-14
...10-15
...1010
..10-17
100
200.
400.
2,100
1,000
1,000
...10-20
|
700
...10-22
9-90
9 97
2,000
5,500
|
9-9 >
4,300
5,200
...10-25
...10-20
.10-27
1
4,900
1
1
.
1,000
000
123,300
For May
4,000
9,200
2,200
2,500
4,300
2,700
5,500. .;
1,700
1,000
1
29,600
.10-04
.1005
....
.10 00
.100?
.10-08
6,300
.10-09
10-10
10,100
h. t No notice this week.
10-33
10-35
10-86
10-39
10-40
10-42
10*43
10-44
10-45
10*J6
10-47
4,500
For September.
100
.10-17
100
10-24
”200
For October.
100
9-09
100
10-00
100
1010
For July.
200
800
700
200
300
800
100
100
800
100
300
500
700
800
August.
1
.10-00
.1001
.10-02
.1003
100
400.,
900
9-93
9 94
9-95
900
.
For
/
9 89
13,900
7,200
7,300
For June.
400
CtflZ
1035
10’30
10-87
10*38
...10-15
83,300
9-76
9 76
9 77
9-78
Bale*.
....1012
400
For April.
7.100
3,300
11,400
10,800
Ct8
7,200
11,400
0,800
3,100.
101,800
9-69
11,700
15.500.
.
2,400
2,400
20,400
972
972
9-73
9-75
Bales.
3,700
15,100
9-68
9-70
9-71
ct«.
12,100
<JtB.
300,
9-60
200 p.’l.KIth 9 64
100 3 u.lllh 9 64
100 a.n. l -'rh 9*64
100 s.u. 14'h 9 64
100 8.n.l7th 9‘64
100 8.n.lUtli 9 65
100 8.n.l5th 9‘65
200.
9-65
966
1,000
100 e.-.L7th 9-67
900.
9-67
*
100
9*63
100 s.n.l3th 9-68
..
*
63
..
Quiet, lower
very dull
551,039|2063,844 868,129
Point, &c.
Spec- Tran¬
port. sump. ul’t’n sit. Total.
Higher
Quiet
For March.
10,197
400.
9-69
Norf’k* 422,578
713
27,000
6,600....
9*70
-Other.. 104,913
7.500....
9*71
21,200
972
...004.2
600.
973
This yr. 3441,348
1235,917 276,888
6,800
9-74
Lastyr..
FUTURES.
Con-
Quiet and steady
Quiet, higher.
900.
42,687
Ex¬
CLOSED.
Leaving
Total.
*
air the
SALES OF SPOT AND TRANSIT.
SPOT MARKET
Shipboard, not cleared—for
pool.
16,000
MARKET AND SALES.
300
..10-31
..10-32
|
1
For November.
100
9-»
100
176
The
THE
CHRONICLE.
following exchanges have been made during the week:
•18 pd. 11
'18 pd. to
*06 po. to
•47 pd. to
evch. 100 March for Ap i'.
exch. 700 "arch for
prll.
exch. 'JOO Feb. for Marc
exch. 100 Ma ch for Juae.
Week
*32 pd. to exch. 600
tyU'-* h for Maj'.
•13 pi. to exch. 500
May fur June.
*32 pd. to exch. 400 March for
May.
.
following will show the range of prices paid, and the
closing bid and asked, at 3 o’clock P. M., on each day in the past
week.
Saturday.
Market.
April
..
May.
June
..
.
.
July..
Day.
Sept’bT
Oetobei
Nov’bei
Tr. ord
Closed.
Closing.
For
Day.
Closing.
_
—
—
.
—
—
-
—
-
—
—
Wednesday.
Day.
High.
Low.
Febr’y*
9-73- 9-71
March
9-78- 9-75
9-94- 9-92
.
10-11-10-08
..
June... 10-24-10-21
July ... 10-34-10-34
August. 10-44-10-40
Sept’bT
October
Nov’ber
Tr. ord.
Closed.
—
—
-
—
_
—
-
-
—
.
—
—
—
—
—
—
lira
_
ForDay.
For
Bid. Ask
9-71 72
9-76 77
9-92 93
10 08 09
10-21 23
10-31 33
10-41 42
10-22 25
10-00 —
High.
—
—
High.
Low.
9-76- 9-71
9-81- 9-78
9-98- 9-96
Bid. Ask
9 75 76
9-80 81
9-97
1013
10-27
10 36
10-46
10*25
1001
10-15-10-13
10-29-10-26
10-36-10-36
10-47-10-45
10-24-10-24
looc-io-oo
—
—
_
98
14
28
37
47
28
04
—
—
Friday.
Day.
Closing.
Low.
9*07- 9-05
For
Day.t
Closing.
Bid. Aik High. Low.
9-66 — 9-71- 9-68
Bid. Ask
9-71
9-71 — 9-76- 9-71
9-76
9-87 - 9-92- 9-88 9-92
1004-1000 10-02 03 10-08-1003 10-08
10T7-10T4 10-16 17 10-21-10-16 10'22
10-26-10-24 10-26 27 10-31-10-26 10*32
10-30-10-35 10-35 36 10-42-10-40 10-41
10-14 18
9-99- 9-99 9-99 10*
9-82- 9-82 9-81 84
9-70
9-75
9-72- 9-09
9-88- 9-85
—
_
72
—
.
—
—
_
—
.
—
—
—
—
—
—
Steady.
Cotton,
as
returns,
and
consequently
brought down to Thursday evening; hence, to make
the totals
the complete figures for
to-night (Feb. 14), we add the item of
exports from the United States,
including in it the exports of
Friday only;
.
Stock at Marseilles
Stock at Barcelona
Hamburg
Stock at Bremen
Stock at Amsterdam
Stock at Rotterdam
Stock at
Antwerp
Stock at other conti’ntal ports.
Total continental ports...
Total European stocks..
I dia cotton afloat for
Europe.
Amer’n cotton afloat for Eur’pe
.
Egypt,Brazil,&c.,aflt forE’r’pe
Stock in United States ports
Stock in U. S. interior ports..
..
.
United States exports
to-day..
1879.
1878.
1877.
1876.
458,000
558,000
843.000
58,500
12,250
846,000
32,750
516,500
127,750
3,000
8,250
2,500
10,750
29,750
8,500
570,250
179,250
4,750
31,500
7,500
34,000
878,750
174,000
3,500
65,500
13,000
911,000
30,750
2,250
7,?50
6,000
7,750
67,500
10,500
5,500
10,500
11,000
313,750
715,250
78,000
667,000
884,000 1,271,500 1,326,500
133,000
629,000
G18.000
35,000
55,000
60,000
915,791
891,814
96,290
6,000
864,881
19,480
Dallas, Texas....
Jefferson, Tex..
1,286
860
Shreveport, La
Vicksburg, Miss
787
906
4,070
5,756
5,384
5,514
433
.
..
160,000
667,000
846,873
119,771
23,000
Total American
bale .2,151,644
East Indian, Brazil, &c.—
Liverpool stock
123,000
Loudon stock
58,500
Continental stocks
38,750
India afloat for Europe
.
395,000
257,000
629,000
915,791
136,470
19,000
550,000
300,000
618,000
891,814
96.290
6,000
1,321
258
1,500
892
565
837
3,678
5,107
4,716
1,750
3,160
1,611
2,355
6.103
2,309
5,084
818
9,986
875
6S8
538
Atlanta, Ga
Rome, Ga
Charlotte, N. C...
St. Louis, Mo
Cincinnati, O
1,846
1,805
1,003
7,807
6,008
6,645
Total, new p’rts
32,100
37,001
Total, all.
56.215
79.567
163,000
12.250
56,750
484,000
223,000
543,000
864,881
68.000
192.500
113,000
316,250
358,000
609,500
4,737
6,706
6,518
403
875
240
875
316
79
1,955
878
1,758
2,148
11,883
2,930
1.7(»6
6,387
1,590*
39,000
6,637
30,614
6,975
4,752
70,994
30,618
30,S77
96,633
190.765
50,098
57,703 233,103
The above totals show that the old
interior stocks have
decreased during the week 18,451
bales, and are to-niglit 16,'69&
bales less than at the same
period last year.
Fhe receipts at the
same towns have been
4,035 bales more than the same week last
year.
Receipts
in
from the
Plantations.—Referring
previous issue for an explanation of this table,
the figures down one week later,
closing to-night;
a
RECEIPTS
PROM
to our remarks
bring-
we now
PLANTATIONS.
Week
end Lre>
Dec. 6.
tf
13.
a
20.
27.
Jan 3.
.
If
10.
ft
17.
ft
21.
ft
31.
14.
Receipts at the Ports.
1876-7.
1877-8.
1378-9.
Stock
at
Inter’ r Ports
1876-7. I87r-r. 1878-9.'
187,733 174,365
220,748' 213,722 169,073 236,280
196,436
171,>96
162,633
115,268
101,132
220,291 224,121 185,665 259.129
204,882 215,615 226,559 280,957
202,805
231,594
224,634
165,755
142,039
115,015 153,727
109,147 161,059
138,374 159,186
110.006 137,138
120.720 120,090
199,981 256,397 261,8J 294,281
143,155 219.905 253,239 281,634
121,091 223,007 233,293 253,647
113,613 214,057 237,380 '33,23*
143,64
195,082 342,01* 218,585
167.097 132,240 244,494 220,93171,605 179:260 240, *06 214,1:7
150,811
174.977 233.10' 190,765
that although the
Rec’pts from Plant’ns..
1876-7.
1877-8. 1878-9.
187,73-, 174,365 220,748
196,43- 202,so: 220,291
171,5% 231.594 204,8S2.
162,633 224,634 f99,881
108,776 157,118 130,508
74,234 125,153 93,104
106,065 153,727 P3,i02
90,472 164,0:9 133,997
123.535 159,lSr 167,097
137,032 133,352 164,790
116.431 112,185 127.489
improving, and farming operations
are
progressing.
-
The
the highest being 71 and the
New Orleans, Louisiana.—It has rained
on
one
the past
week, the’rainfall reaching eighty hundredths of anday
inch.
The
thermometer lias averaged 55. The rainfall for the
month of
January is two inches and twenty-one hundredths.
21,000
359,000
35,000
2,097
4,25010,331
6,662
5,163
4,4851,605
been 43 to 70.
123,189
32,750
92,750
133,000
55,000
3,045
twenty-five hundredths of an inch. Roads are
better, and farm preparations active.
Average thermometer 51,
highest 78 and lowest 29.
Branham, Texas.—There has been no rainfall
during the week.
The ground is
drying fast, and plowing is making good progress.
The thermometer has
averaged 57, .the extreme range having
as
296,000
91,000
302
950
1,693
8,470
4,944
'
64,928
6,312
Indianola, Texas.—There has been no rainfall
during the week.
Plowing lias been begun, but the ground is still very wet. Aver¬
age thermometer 56, highest 75 and lowest 38.
Corsicana, Texas.—We have had a shower on one
day, the
rainfall reaching twenty-five
hundredths of an inch. Farmers are
active.
The thermometer lias
ranged from 29 to 78 during the
the week,
averaging 51.
Dallas, Texas.—Ic has rained on one day of the
week, a shower,
with a rainfall of
2,352,261 2,462,104 2,259,070
78,000
18,000
.
.
.
Columbus, Miss..
Eufaula, Ala
Grittin, Ga
lowest 39.
21,000
2,467,894 52,710,261 3,071,604
3,051,570
American and other
335,000
American afloat to Europe..
United States stock
United States interior stocks..
Total East India, &c
Total American
42,566 119,771
thermometer has averaged 57,
American—
Liverpool stock
26,826 136,470-
21,115
are
123,189
are
2,555
12,844
2,5S1
6,688
Weather Reports by Telegraph.—Considerable
rain lias.,
during the week at many points, but the roads where
they
were worst have
decidedly improved, though some sec* ions still
complain. Preparations for the new crop are now
being rapidly
made in the earlier districts.
Galveston, Texas.—We have had sprinkles on two
days of the
week, the rainfall reaching six hundredths of an inch.
Roads
113,000
543,000
18,000
136,470
19,000
1.175
65,282
15,072
5,793
fallen
415,500
846,873
119,771
23,000
1,582
receipts at the ports
bales, llie actual from plantations,
were
only 127,489 bales, the balance being drawn from stocks at
the interior por:s.
Last year the receipts from the plantations
for the same week were
112,485 bales, and for 1877 they were
116,431 bales.
11,000
193,750
91,000
5,424
1,077
This statement shows us
the past week were 150,841
65,000
18,000
42,500
43,000
15,000
13,000
392,750
19,491
18,186-
6,785 !
3,674
1,737
1,853
Total, old ports.
ft
202,750
5,250
42.750
775
869
11,714
Fdb.7.
68,000
descriptions
follows:
5,036
2,795
—
made up by cable and
telegraph, is as follows. The Continental stocks are
the
of last
Saturday, but the totals for Great Britain and thefigures
afloat
for the Continent are this,
week’s
Total Great Britain stock
3,2? 5
1,260
Receipts Shipm’ts Stuck.
11,098
1,691
a
Stock at Havre
972
3,656
—
Steady.
of
478
j
16,443 j
10,258 !
3,855 !
2.130
25,018
1,415
—
were
The Visible Supply
4,339
13,520
1,763
—
09
23
33
43
2,093
1,776
Stock,
Memphis, Tenu..
Nashville, Tenn..
Quiet.
da y.
made, s. n., as follows:
high. 9*05, low. 9-64;
Wednesday, 9’G8; Thursday, high. 9-05,Saturday,
low. 9'04; Friday, 9-G7.
t To 2 P. M.
Stock at
Montgomery, Ala
9-SO
—
9-75
Dull.
Sides
Closing.
Lower.
Closing.
—
—
Til
Easier.
For
.
Macon, Ga
Irregular.
—
Market.
*
Higher.
Ihgh. Low. Bid. Ask Hgh. Low. Bid. Ask
9-G8- 9-G6 9*GG G7 9-72- 9-70 9-75
9-80- 9-74 9*75 7G 9 82- 9-77 9*81 82
9-98- 9-92 9-93 94 10-00- 9-95 9-99 1010T3-10T0 1010 11 10-16-10-12 10-15 16
10-28-10-23 10-24 — 10-29-10-25 10-28 29
L0-3G-10-32 1034
10-38-10-35 10-38 39
10-44-10-42 10-43 44 10-40-10-44 10-48 49
1 10-20 24
1 9-98 109-8G 91
9-70
9-7f
Steady.
Firm.
-
Futures
May.
Tuesday.
—
August.
April.
Monday.
Firmer.
For
.
Augusta, Ga
Columbus, Ga....
Selma, Ala
Futures
ending Feb. 14, ’79. | Week ending Feb. 15, *78:
Receipts Shipm’ts
The
Febr’v*
March
I v oh. XXVIII.
Shreveport, Louisiana.—The weather during the week has
been fair and dry.
Crops are delayed by bad condition of roads.
'1 he thermometer has
ranged from 28 to 76. The rainfall for the
week is sixty-eight hundredths of an
inch.
60,000
Vicksburg, Mississippi.—Weather
report not received.
Columbus, Mississippi.—Rains at intervals since the first
.2,151,644 2,352,261 2,462,104
of
2,259,070 January have retarded farm
operations. We are having too
much rain.
It has rained on one
.2,467,894 2,710,261 3,071,604
Price Mid. Upl., Liverpool
3,051.570
day this week, but there is a
53ed.
618d.
favorable
6 Hied.
change
in the weather at .the close.
G5icd.
These figures indicate a decrease in
Little Bock, Arkansas.—The weather
the cotton in
during the week has
sight to-night been fair to clear,
of 242,337 bales as
compared with the same date of
excepting
two days.
We
had rain on
1878,
a
decrease of 003,710 bales as
the rainfall
reaching eighteen hundredths of an inch. Monday,
compared with the
date
of 1877, and a decrease of
corresponding
Average
thermometer 42, highest 04 and lowest 19.
583,070 bales as compared with 1876.
Weather quite cold
and
roads improving.
At the Interior Ports the
movement—that is the
and shipments for the
receipts
Nashville,
Tennessee.—It has rained
week, and stocks to-night, and for the
the week on two
days, the rainfall reaching thirty-two during
corresponding week of 1878—is set out in detail in the
hundredths of an inch.
Statement:
following Average thermometer 41, highest 02 and lowest 20.
Memphis, Tennessee.—'Rain has fallen during the week on
792,500
c
1
.
«
February 15, 1679.]
THE CHRONICLE.
three days, the rainfall
reaching eighty-three hundredths of an
inch.
We had half an inch of snow
yesterday (Thursday).
Roads are bad.
Average thermometer
Bombay
Shipments.—According to our cable despatch received
been 7,000 bales
shipped from Bombay to
Great Britain the past week and
bales to the
while the
Continent;
receipts at Bombay during this week have been
18,000
biles. Th? movement since the 1st
of
January is as follows.
These figures are
brought down to Thursday, Feb. 13.
to-day, there have
43, highest 63, and low¬
est 24.
177
Mobile, Alabama.—It has rained
severely on one day, the rain¬
an inch, but the rest of
the week
thermometer has averaged 52, the
highest being 69, and the lowest 39.
Shipments this week
Shipments since Jan. 1.
Montgomery, Alabama.—We have had rain on three
Receipts.
Great Conti¬
days,
the
.rainfall reaching
Great
Conti¬
six hundredths of an inch, and one frost.
This
Brit’n. nent. Total. Britain.
Since
Total.
nent.
Average thermometer 53 ; highest 72, and lowest 38
Week. Jan. 1.
1879 7,000
Selma, Alabama.—There lias been no rainfall
24,000 21,000
45,000 18,000
during the week. 1873 3,000 5,000 7,000
87,000
Weather very pleasant.
8,000 28,000 67,000
95,000 27,000
1877 15,000 27,000 42,000
172,750
56,000 43,00®
Madison, Florida.—Rain has fallen during the earlier
99,000 24,000 128,000
part of
the week on two
From the
days, but the latter portion has been clear and
foregoing it would appear that, compared with last
pleasant. We hive had a frost, but not a
there has been a decrease of
year,
frost.
The
killing
1,000 bales in the week’s
thermometer lias averaged 53, the
ship¬
highest point having been 64, ments from Bombay to Europe, and that the total movement
and the lowest 42.
since January 1
shows a decrease in shipments of
50,000 bales*
Macon, Georgia.—It has rained during the wesk on one
day. compared with the corresponding period of 187S.
The thermometer lias
averaged 52.
Gunny Bags, Bagging,
Columbus, Georgia.—Rain has fallen on one
&c.—Bagging is in rather better
and there have been some transactions
the
request,
day
past
week,
the rainfall
since our last
reaching seventeen hundredths of an inch. The report. The parcels still continue
to be small, but in the
thermometer has averaged 50.
aggre¬
gate a fair business has resulted. Prices are
Savannah, Georgia. —It has rained on four
ruling
at
previous
the rainfall figures, holders still quoting 8f@9fc., as to
reaching one inch and seventy-two hundredths,days,
quality and weight.
but the balance Butts have also been in better
•of the week has been
the market is a shade
inquiry,
and
pleasant. Average thermometer 53,
est 73, and lowest 35.
high¬ steadier. On spot we hear of sales of parcels to the extent of 600
to 800 bales at
2±@2§c./with 2 7-16c. quoted for
Augusta, Georgia.—We have had light rains on two
quality.
days, but We also hear that a sale had been made of 3,000 bagging
the rest of the week has been
bales, to arrive*
pleasant.
Planting preparations January shipment, at ab >ut 2£c., but could not trace it. At
are
making good progress, and acreage will equal
the
last year. close the market is ste tdy at
7-16c.
Planters are sending cotton to market
There have been some
freely. Average ther¬ parcels received during the week, some of which were
mometer 49,
sold
highest 70, and lowest 30.
fall reaching
fifty hundredths of
lias been pleasant.
The
.
week is
The rainfall for the
inch.
South Carolina.—It lias rained here on
five days,
eiglity-three hundredths
Charleston,
of
the rainfall
reaching three inches and thirty-four hundredths.
The thermometer has
ranged from 35 to 66, averaging 51.
The following statement we have
also received
showing the height of the rivers at the points namedbyattelegraph,
3 o’clock
Feb. 13, 1879.
We give last
year’s figures (Feb. 14, 1878) for
comparison:
Feb. 13,’79.
Feet. Inch.
Hew Orleans
Below high-water mark
Above low-water mark...
Above low-water mark...
Above low-water mark...
Above low-water mark...
Memphis
3
26
14
..
Nashville
Shreveport
Vicksburg
Feb. 14,’78.
Feet. Inch.
5
6
20
1
13
4
23
6
33
6
11
10
O
Missing.
39,
4
New Orleans
reported below high-water mark of 1871 until
Sept. 9, 1874, when the zero of gauge was
mark of
.
changed to high-watei
April 15 and 16, 1874, which
is 6-10ths of
a foot above
10 feet above low-water mark at that
point.
Comparative Port Receipts and Daily Crop
Movement.—
A comparison of the
port movement by weeks is not
as the weeks in
different years do not end on the same accurate,
day of the
month.
We have
consequently added to our other standing
tables a daily and
monthly statement, that the reader
stantly have before him the data for seeing the exactmay con¬
relative
movement for the
years named.
First we give the
at
receipts
•each port each
day of the week ending to-night.
1871,
or
PORT RECEIPTS FROM
SATURDAY, FEB. 8, ’79, TO FRIDAY. FEB. 14,
’79.
D’ys
New
Mobile.
of
Or¬
we’k leans.
Sat.. 10,725
Mon 15,901
Wed
*
Char- Savan¬
jleston.
2,535; 2,457
Tues
3,728
8,696
Thur 10,431
Fri.. 9,486
1
3,083
2,833
2,170
2,365
912
1,679
1,518
2,506
1,794
842
nah.
Galvest’n.
2,872
4,333
2,691
2,847
2,557
2,952
1,971
ming¬
ton.
1,241
2,272
1,991
1,909
1,575
2/276
4,055
2,370
2,482
2,16 L
1,993
588
By adding to the totals
time, we shall be able
to
Jan. 31 the
1877-78.
2,8.31
1,331
8,562
1874-75.
1873-74.
T’i Jan.31 3,269,740
3,089,246 3,101,969 2,977,753 2,550,727
Feb. 1,...
36,304
44
44
44
2....
S.
3...:
23,729
38,564
23,999
23,378
25,634
24,175
22,806
S.
4....
~
5....
6....
44
7....
44
44
^4
44
^4
44
44
28,495
19,795
8....
9...
10....
11....
34,470
19,174
22,370
21,048
29,598
12....
13....
14....
Total
23,468
20,601
20,117
25,716
17,034
22,487
S,
28,011
35,541
20,000
22,343
16,653
S.
28,732
19,076
S.
15,100
25,353
17,146
19,637
25,768
S.
15,706
26,965
S.
23,264
20,075
29,647
24,479
14,800
11,948
20,332
26,011
14,452
20,184
19,055
16,269
•
•
8.
27,614
2,560,^517
11,093
S.
17,152
15,618
16,721
21,174
14,337
35,391
24,172
22,631
15,507
23,482
18,914
s. •
*
27,461
35,578
16,904
16,817
14,124
15,019
S.
S.
,
36,822
17,644
19,011
14,612
18,097
15,601
3,592,189 3,355,083 3,374,351
3,224,264 2,752,815 2,822,401
total
Percentage of
port receipts
77-20
83-56
76-93
78-72
74’19
This statement shows that the
receipts since Sept. 1 up to
to-night are now 237,106 bales more than
they were to the same
day of the
month in
1878, and 217,838 bales more than
they
the same day of the month in
1877.
We add to the last
table the
percentages of total port receipts which had
been
received Feb. 14 in each of the
years named.
were to
Exports
of
Cotton(bales) from
New York
a
slncoSeot.li 1878
WEEK ENDING
EXTORTED TO
Total
Liverpool
Other British Ports
Jan.
22.
Jan.
Fe'i.
Feb.
29.
5.
12.
11,270
3,172
6,281
5,617
....
Total to Gt. Britain
302
Bremen and Hanover
443
Hamburg
....
Europe.
...
413
..
1,050
Spain, Jkc
•
•
•
.
....
200
....
•
dOJ
•
-
..
•
•
prev’ua
year.
170,001
4,v’52
176 594
171,253
173,179
10,061
3,873
100
115
1,585
CO
11,693
•
300
.
Same
period
10,16/
....
200
•
to
date.
....
180
550
....
5.t47
180
510
Other ports
to N.
„
...
6,281
\...
4-~+7
...
Total French
•
(3,172
302
Other French ports
Total
....
11,270
Havre
Total
24,175
34,476
19,174
22,370
21,043
29,598
since
comparison of the
Cotton from New York this week show
op
compared with last week, the total
bales, against 6,661 bales last week. Below we reaching 5,947
give our usual
table
showing the exports of cotton from New York,
direction, for each of the last four weeks; also the totaland theftr
exports
and direction since
Sept. 1, 1378, and in the last column the
total
for the same period of the
previous year.
as
$
11,878
1,702
2.773
635
10,132
14,035
24,783
3,660
....
•
....
Grand Total
daily receipts
1875-76.
decrease,
All others
Total
2,879 L9,700 150,84i
to reach an exact
1876-77.
593
402
305
movement for the different years.
1S78-79.
432
1,736
1,908
3,282
559
Tot.. 58,967 14,089 10,655
18,252 15,032 11,267
that
All
others.
The Exports
•pain.Oporto&Gibraltar&c
Wil¬
Nor¬
folk.
pre¬
viously.
an
....
12,015
....
4.222
3,660
....
6.661
5,917
202,10)
....
203.950
The
following are the receipts of cotton at New York,
Boston,
Philadelphia and Baltimore for the past
week, and since September
1, 18:8:
REGENTS
NEW YORK.
1
BOSTON.
FROM
This
week.
New Orleans..
Texas
4,816
Savannah
Mobile..
:‘,852
Since
Sept. 1.
54,456
9.',992
114,270
philadblp’ia
This Since
week. Sept.l.
.
Tbits
week.
..
1^330
Since
3ept.l.
73
...
5^455
23,906
18^439
961
BALTIMORE.
This Since
week. Sept.l
.
..
....
2,1 is 36,656
Florida
3’th Carolina
S’th Carolina.
2,715
Virginia
1,332
75,803
27.728
2,719
118,910
Tennessee, «fcc
Foreign
4,873
Total this year
18,4S3
619,706
13,555 195,233
3,124
5 *,731
Total last year.
5,109 113,485
13,253
619,108
7,403 219,472
2,166
39,934
3,22) 109,517
North1 rn Ports
155
1
13,447
5,699
108,875
2,526
.’ioo
....
..y.
1,976
36,534
5,798 76,365
4,151 52,326
7
426
491
15.241
11,414
2,074 40,141
2,i63 33^9
....
io]boi
•
•
•
»
Shipping News.—The
exports of cotton from the United
States the past week, as
per latest mail returns, have reached
105,672 bales. So far as the Southern
are
the same
ports
exports
are
concerned, these
reported by telegraph, and published in
The Chronicle, last
Friday. With
include the manifests of all vessels regard to New York, ve
cleared up to
Wednesday
night of this week.
Total bales.
steamers Republic, 699 and 25 Sea
Sea Island
Abyssinia, 247 ...per
ship* Botanist, 1,305.... Albula, 2,225
5,617
To Bremen, per steamer
Koln, 300
300
New Orleans—To Liverpool,
per steamers Jamaican, 4 518....Effec¬
tive, 4,267....Guy Mannering, 6,577... Monarch,
6,566
...Ariel,
2,243
per ships Birmingham, 5,448
New City, 4,943
34,563
To Bremen,per bark Maria
8tonemau,
3,407.......
3,107
To Reval, per bark Ibis, 1,641
1,641
Mobil,*—To Liverpool, per ship
Flying Foam, 4,7v8
To Cork or Falmouth, per bark
4,728
Runeburg, 1,305
1,305
To Havre, per ship Shel Durne,
3,930
New
York—To Liverpool, per
Island....Eiyn, 1,085 and 81
...
3,930
THE
CHRONLCJLE.
Tot. ba^s
Charleston—To Liverpool, per bark Erna, 2,000 Upland
2 000
To Havre, per bark La Plata. 1,8 8 Upland aud 30 Sea Island
1,833
To Barcelona, per barks Matbcle. 1,950 Upland... Mario,
1,280 Up¬
land
per b igF.ora, 58J Upland
3.810
8avannah—To CorK, lor orders, per ship Gosehen, 3,925 Upland
3.^2*
To Dunkirk, per bark Somerville. 1,100 Upland
1,100
..
...
To
Barcelona, per brigs Joven Antonio, 591 Upland. .'..Geeoria, 080
Upland
1,271
Texas—To Liverpool, p_r ships Corsica, 4,179....Nonantum. S,f 77
Green Jacket, 3,419
jer barks Alfarin, 1,429. ..Mexico, 1,028
....Mary Jane. 2,106... Enchanter, 850
17,348
To Havre, per brig Screamer, l,r;45
1.645
...
..
To Bremen, per hark Ruth, 1.615
Norfolk—To Liverpool, per barks Euriqre, 2,130.. .Minnie,
2,550
Charles Cox, !,9'0
m.
Baltimore—To Liverpool, per steamers Venezuelan, 700
Federico,
3,695
....
6,650
..
1,051
To Bremen, per steamers Ilasa, (in
addition) 85
Strasburg, 2,029
Boston—To Liverpool, per steamers Alvah, 50....Palestine,
1,651
Istrian, (omitted previously) 2,043
Philadelphia—To Liverpool per steamers Naples, tOO....Ohio, 658....
—
1,751
2,114
Jan.
Sales of the week
bales.
Forwarded
Sales American
Of which exporters took
Of which speculators took..
Total stock
Of which American
Total import of the week.
Of which American
Actual export
Amount afloat
Of which American
Total
The particulars of these shipments, arranged in our usual
form,
are as follows:
Dun-
or
Bre-
pool. Farmth.Cork.Havre.kirk. men.
5,647
300
.34,562
3,407
.
....
,
.
4,728
Spot.
•
•
•
•
,17,318
9,650
1,751
3,747
Norfolk...
•
•
•
«
•
•
•
■
*
•
«
a
»
a
....
3,925
*
#
•
.
•
•
•
•
.
•
•
•
•
1,258
,77,691
Below
•
•
,
.
•
>
,
•
•
•
....
•
•
•
1,838
....
•
.
•
....
...
....
....
....
....
1,100
1,645
....
1,641
....
5,947
39,610
9,963
7,648
6,296
.
....
.
2,114
....
....
....
...
....
....
....
....
3,925
7,413
1,100
7,516
....
....
1,695
....
....
....
1,3:5
•
3.930
.
.
.
.
...
3,810
1,271
.
.
20,683
6,650
.
....
....
....
•
•
....
•
....
•
«
•
•
1,641
3,747
1,258
5,081 105,672
give all news received to date of disasters
carrying cotton from United States ports, etc.:
we
3,*65
to vessels
Market,
12:30 p.m.
l
J
Hardening
Iteval, lost her propeller Jan. 26, and was fallen in with
M., Feb. 6, by the steamehip Canima (Br.), Leddicoat. from
Bermuda for New York and by her towed to the
dock-yard, Bermuda,
on the 7th.
The Castlewood had a spare
propeller on board. Her
Mid. Upl’ds
Mid. Orl’ns.
5
53s
5*2
?
Market,
—
J
P. M.
Sales
7,000
1,000
Spec. & exp.
5 IJ. M.
Quiet.
J
Delivery.
Feb.-Mar
June-July
May-June
Apr.-May
Kate, (Br:)
Feb
Feb.-Mar
been placed on hoard the steamer Oberon
Liverpool before reported; discharge of
cotton was progressing
rapidly; trial with pumps was to be made on
Jan. 24. An attempt was made to float her on the
2?th. but failed in
consequence of the tides cutting off. She was being further
lightened,
and if the weather continued lice there was
every prospect of getting
her off.
Pommerania, (Ger.)
the
of the
case
Tli i judgment of the Hamburg Maritime Board in
sinking of the steamship Pommerania, of the Hamburg-
American Line, by the Welsh bark Moel
Eilian, is as follow*: “The
board assumes that the collision was due to a v
rong movement on the
part of the Moel E lian. There is no proof in support of the assertion
that the crew of the
Pommerania, through
the movement too late to avoid the collision.negligence, discovered
The conduct of the
captain and crew of the Pommerania is worthy of all praise.”
Yorkshire. (Br;. A quantity of loose cotton ex-8te«mer
Yorkshire, at Liver¬
pool January 10 from Galveston, caught fire on
quay, Januaiy 23d, but
extinguished.
Emma, ship (Fr.), Escolebet. from New Orleans for Havre, arrived at St. Mich¬
aels January 26th, with stern stove and
leaking, bhe had teen put in
quarantine.
Blanky Brothers, hark (Br.), from
Wilmington, N. O. for Bremen, which
put into Crook haven with rudder damaged, Ac., repaired, sailed thence
and arrived at
was soi n
Bremen Feb. 8th.
Brage, bark (Nor.), Bergland, from Wilmington, N. C. Dec.
21st, arrived at
Falmouth February 6th much
damaged and in a leaky condition.
Bridgeport, bark, from New Orleans lor Providence, had finished repairs and
was reload'ng at Kev West Feb. 1st
and would soon be ready for sea.
Frida Lehment, bark (Ger.),
Glasvek, from Charleston Dec. 19, has been
abandoned in the ice near Gothenburg. She was
believed to be tight.
Assistance was impossible on
February 4th.
Johanne Marie, bark (Ger.),
Gustavus, at Antwerp, Jan. 5th, from Savannah,
reports: When leaving Savannah on Dec.
6th, the vessel, being towed
into the canal and in
charge of a pilot, struck the ground in trying to
avoid collision with a schooner, and
remained for twelve hours on a
very hard bottom. The vessel took a
heavy list, and finally got ofi with
assistance of a tug and proceeded on her voyage the following day.
During the whole passage experienced very heavy
weather and storms,
during which the vessel strained very much, made
water, had deck
seams started, lest sails. <fcc.
King Arthur, bark (Br.), before
reported, had torn down at midship3 plates
of topsides; discha
ge cargo was resumed on Jan. 25th. 79 bales of cot¬
"
ton
Cotton
were
saved
January 23d.
freights tlie past week have
Liverpool.—
Steam.
d*
Sail.
d.
Saturday. >£@9-32
been
as
follows:
<—Havre.—, ,—Bremen.—-,
Steam.
c.
Sail.
c.
Steam.
c.
Sail.
c.
Hamburg—,
Steam.
c.
Sail,
c
—11-16 cp. —%
comp.
% % comp. —
Monday.. &@9-32
—@34 11-18 cp. —@>4
% comp.
' y2
% comp. —
Tuesday.. J4@9-52 —@34 11-16 cp. —@34
% comp.
X ' & comp. —
Wed day..
—^
3-16@7-32
% cp. —
34-9-16 cp.15-32-^ 9-16-%cp.—
Thursday. —
3-16@7-32
% cp. —@34 34-9-16 cp 15-32-#
9-16-Hcp.—
Friday....
8-lS@7-32
% cp. —@34 >4-9-16 cp.15-32-# 9-16-%cp.—
Liverpool, Feb. 14—3:30 P. M.—By .Cable from Liverfool.—Estimated sales of the
day were 7,000 bales, of which
1,000 hales were for export and speculation.
Of to-day’s sales
5,900 bales were American, The
is given as
weekly
movement
follows:
4,000
3,000
2,000
.
387,000
273,000
35,000
40,000
26,000
28,000
8,000
44,000
6,000
35,000
4,000
2,000
411,000
292,000
89,000
4,000
292,000
77,000
6,000
354,000
252,000
317,000
346,000
458,000
335,000
95,000
82,000
4,000
379,000
327,000
299,000
Quiet and Dull
demand.
57ie
5^16
easier.
57ie
5»16
57ie
'5®16
Unch’ng’d Unch’ng’d
10,000
1,000
and
firm.
Very flat. Quiet and
unch’ng’d.
530
53a
5^16
5^16
—
7,000
7,000
1,000
1,000
Friday.
Unch’ng’d
6,000
7,000
1,000
500
Flat.
Dull.
Flat.
Flat.
Dull, but
steady.
51B32 Feb.-Mar
5916 | April-May
’
5133s
5i2®l532
Monday.
Delivery.
Delivery.
Feb
5532
51532 May-June
5F732
5i532 June-July
5i932 June-July
5916
Feb.-Mar
5i2
5716
Shipments.
5910
Mar.-April
5716
Jan-Feb., n. cp.jSl.S1^
5^8
Apr.-May
5i»32 Feb.-Mar.,n.cp.,si 5i?32
Tuesday.
Liverpool, broke her propeller, afternoon of the 29, and was put
under sail; arrived off the Fastnet at 7:30 A.
M., Feb. 8, and was towed
from there to Queenstown, where she arrived at 11 P. M. of the
same
day and left at. 9 A. M. of the 10th in tow for Liverpool.
City of Chester, steamer <2,713 tons, Br.),
Brooks, before reported, was at
Pier 45 East River, New York. Feb. 11.
having rudder repaired.
ELns, steamer (Br.). at Liverpool, Jan. 26, from New Orleans, went ashore on
Bahama Bar k; the col from bunker was
jettisoned, and vessel got off
about deck washed away.
Oberon, (Or.) A steam pump had
(Br.) from New Orleans for
4,000
Mar.-April...5i332@716 I April-May
May-June
5*2
j June-July
detention would be short.
day, apparint’y undamaged.
About 400 hales cotton (wet) had been landed at Bermuda. Feb.
6. from the wreck of the steamship
Kate, from Galveston for Havre,
since the last ehiprm nt per Can'ma. The hull of
the Kate was sold at
auction, Feb. 1. for £42.
Lizzie, steamer (Br.), at Liverpool, Jan. 24, from Galveston, experienced
heavy weather on her passage. On ifce 18th, in lat. 50 N. Ion. 21 W.%
had several sails blown away, one boat
damaged and several tilings
50,000
48,000
4,000
39,000
The actual sales of futures at
Liverpool, for the same week, are given
below. These sales are on the basis of
Uplands, Low Middling clause,
unless otherwise stated.
Saturday.
Delivery.
d.
I
Delivery.
d.
|
Delivery.
d.
Mar.-Apr
April-May
next
9,000
37,000
3,000
3,000
375,000
257,000
Feb. 14.
Futures.
Market, )
at 5 P.
Celtic, steamer (Br). Gleadell, from New York, Jan. 24, for Queenstown
and
46,000
8,000
In good
„
Cabtlewood, steamer (Br.), Miller, from Charleston, S. C.. Jan. 22, with 5,032
bales cotton for
64,000
Feb. 7.
Saturday. Monday. Tuesday. Wedn’sdy Tliursd’y
.
•
•
»
1,305
2,000
Savannah..
Texas
•
•
BarceReval Iona. Total.
:
Liver- Cork
Jan. 31.
,
3,747
.105,672
24.
The tone of the Liverpool market for spots and
futures, each day of
the past week, and the daily closing
prices of spot cotton, have been as
follows:
...
1,258
[Vol. XXVIII.
Delivery.
Feb.-Mar. ---5hg'@4332
Mar.-Apr..
May-June
..
5i°32® 7ie
5 *2@ 1332
5i732
Delivery.
Feb
Delivery.
h5^19;^
June-July
513^2
51332
—
Mar.-April
May-June
|
178
5*2
..
,
April-May
57hj
June-July
5916
Shipment.
Feb.-Mar.,n.cp.si.51*
Wednesday.
Delivery.
51332
51332
51332
57iC
Mar.-Apr
Apr.-May
Delivery.
May-June
June-July
Feb.-Mar
b'h
59
5^
Delivery.
May-June
51532
June-July
51732
......
July-Aug
5916
Thursday.
Delivery.
Feb
Feb.-Mar
Mar.-Apr
53a
53s
53s
Delivery.
Delivery.
Apr.-May
51332 July-Aug....
May-June.. 5i&32'6>7i6
Feb.-Mar
June-July
5 hi
Mar.-Apr
5U32
5H32
Delivery.
July-Aug.. -51732'S>9i6
June-July
5*2
57iq
Feb.-Mar
59l6
51132
5U32
Friday.
Delivery.
Feb.-March
Mar.-April
May-June
53s
Delivery.
Mar.-Apr
Aug.-Sept
5%
5%
BREADSTUFFS.
"TP
There
'
Friday. P. M., February 14, 1819.
very fair
but under the increased
demand for flour throughout the week,
offerings, from the desire of holders to
reduce stocks, prices early in the week were
barely supported.
was a
The demands from the West Indies and South America have
been
good, and good medium extras have brought steady prices. Yes¬
terday, the whole market took a stronger tone, but more from
sympathy with the course of values for wheat than from any
other circumstance.
To-day, there was a very good demand,
m&inly for the medium grades, at full and improving values.
The wheat market has been more active all the
week, and pri¬
ces have gradually
hardened. Yesterday, there was a decided
improvement, on stronger accounts not only from the West but
from foreign markets. The demand has been
mainly on No. 2
red winter for the Continent, and late sales of this
grq.de have been
at $1 09f@l 10 in store and
afloat, $1 10@1 10£ for February*
$1 11@1 Hi for March, and $1 12£@1 12£ for April; but No. 2
amber also had a good sale, at $1 09i@l 09£
spot and February,
$1 10(5)1 10i for March, and $1 ll£(a:l 11| for April. Spring wheats
sold moderately at $1 02(5)1 04 for No. 2 and 93@95c. for No. 3.
White wheats were neglected till towards the
close, when a
good demand sprung up, No. 1 closing at $1 09f@l 10 spot and
early deliveries, and $1 11@1 Ilf for April. To-day, the market
was stronger, but less
active; No. 2 red sold at $1 10£ on the
spot, $1 Ilf for March, and $1 12£ for April.
Indian corn has not varied much in prices.
A wide range con¬
tinues to be covered by the different qualities.
The demand ha&
improved towards the close, and yesterday business was quite
large, embracing No. 2 mixed at 47^c. for old and 45f(546c. for
new, with the latter selling at 46£c. for March, 46|@47c. for April,
and 47£c. for May, steamer mixed going at 44f c.
spot and February,
and 44|c. for March, and No. 3 at 42f@42£c. on the
spot. New
February
THE CHRONICLE
15, 1879.]
179
Southern yellow has been in better
supply at 45f@46c. afloat.
In Stork at—
to-day was quiet, but prices not generally lower.
New York
Rye has been firmly held, but the business not important; but, Albany*..
Buffalo
to-day, 32,000 bushels No. 2 Western sold at 80c.
Chicago
Milwaukee..
Barley was dull throughout the week, and prices are unsettled Duluth*
and nominally lower.
Toledo
The offerings to-day were very free.
Detroit
Oats were active for mixed at better prices, the sales
including Oswego
St. Louis.
large lines of No. 2 Chicago and Milwaukee at 3i@32c. in store Boston
and afloat, but white oats were neglected.
To-day, the market Toronto
Montreal
was quiet, with No. 2 graded
quoted at 31|c. for mixed and 321c. Philadelphia
Wheat,
The
following
closing quotations
are
bush.
2,918,2C6
1,501,708
732,745
800
9,400
9,500
148,000
Grain.
No. 2
$ bbl. $2 35® 3 00
Superfine State & West¬
3 10® 3 60
3 70® 3 85
ern
Extra
State, &c
Western spring
—
Rejected spring
3
4
extras
tras
65® 3 90
25® 6 00
3 90® 4 40
XXX..
4 50® 6 00
5 50® 8 25
3 75® 5 00
Minnesota patents
City shipping extras..;..
Southern bakers’ and fa¬
yellow Southern
Rye—Western
mily brands
shipp’g extras.
Rye flour, superfine
Corn meal—Western,&c.
State and Canada
4 85® 6 25
4 25® 4 75
Corn meal—Br wine. &c.
2 80® 3 10
2 20® 2 50
2 75® 2 £0
1879, and from Jan. 1
White
State, 2 rowed..
Peas—Canada, bond&free
Flour,
Wheat,
(1% lbs.)
24,623
57,250
(60 lbs.)
404,804
247,590
61,437
127,650
16,800
213,330
7,2G0
bbis.
Chicago >.
Milwaukee.
Toledo
Detroit.
Cleveland
St. Louis
Peoria
Duluth
6,838
1,880
,.
20,581
1,871
....
Total
Corn,
bush.
710
bush.
(56 lbs.)
654,208
4,000
81,845
6,601
103,350
300,650
146,905
....
....
1,078,811
1,451,597
Corresp’ng week,’78.
113,166
102,733
Corresp’ng week,’77.
1,128,498
1,302,559
1,457,145
1,031,630
77,362
250,043
848,503
Tot.Jan.l
Feb. 8...
Same time 1878,..,..
657,689
661,843
to
Same time 1877
Same time 1876
502,644
536,665
Tot Aug. 1 to Feb. 8.3,432,045
Same tim; 1878
3,515,532
Same time 1877
7,834,540 7,813,836
6,941,069 5,799,041
2,188,4S9 6,703,096
4,288,038 6,439,788
63,923,401 47,831,231
50,426,360 40,833,657
3,145,816 31,533,502 45,357,997
Same time 1876
2,720,905 42,385,033 25,754,923
Oats,
Barley,
bush.
Flour,
Wheat,
Corn,
bbis.
bush.
bush.
654,589 2,661,390 3,450,501
629,217 5,782,083 3,533,751
491,038
863,119 2,8M),75S
622,241 1,658,280 4,094,432
Rye,
bush.
bush.
....
282,662
379,022
306,938
209,226
44,652
90,358
219,333
191,919
154,757
2,080,810 890,895
2.204,055 1,160.801
1,349,334
778,834
1,742,362 1,031,888
18,941,790 7,932,671
14,615,612 7,649,661
12,391,171 7,246,681
16,025,092 5,615,373
Oat?,
....
154,407
40,969
22,768
370,687
327,412
313,580
157,139
1,327,030
2,354,22J
2,091,064
1,418,52^
and river
Barley,
hush.
1,352,682
1,144,236
801,126
931,228
Rye.
bush.
hush.
591,419
574,576
408,218
384,539
164,090
126,210
shipments of flour and grain from Western lake
99,206
82,587
and river
ports.
Week
ending—
Flour,
bbis.
Feb
8, 1879
Feb. 9, 1878
Feb. 10, 1877
Feb. 11, 1876
131,594
105,710
79,945
34,854
Wheat,
Corn,
bush.
546,823
1,162,369
bush.
779,934
832,298
508,318
561.722
210,951
275,793
Oats,
bush.
Barley,
bush.
233,665
98.781
195,141
178,327
66,485
168,895
189,592
59,037
Receipts of flour and grain at seaboard ports for the
ing Feb. 8. 1879, and from Jan. 1 to Feb. 8.
Flour,
At—
Wheat,
bbis.
New York
Boston
Portland
Montreal
bush.
Baltimore
New Orleans
Total
Previous week
778,422
196,924
61,375
858.805
133,250
231.980
73,050
3,500
....
17,153
196,100
340,500
17,651
590
227,959
1,607,295
169,381 1,327,200
Corresp’ng week,’78. 132,631 1,410,717
Tot. Jan. ltoFeb.8.. 930,624 7,066,341
Same time 1878
950,121 7,374,612
Same time 1877
^693,371
836,669
Same time 1876
1,127,873 1,942,954
Oat?,
bush.
40,569
12,502
...
238,800
619,900
406,525
Rye,
bush.
16,760
37,403
15,887
11,927
week end¬
Barley,
bush.
36,718
5,300
20,053
...
4,313
45,500
36,000
40'J
600
lO.COO
67,443
....
22,000
2,000
78,618
272,922
79,045
635,152
749,225
402,039
-
863,810
44,453
32,484
9,974
182,251
79,840
154,133
40,773
Exports from United States seaboard ports and from Montreal
for week ending Feb. 8, 1879.
From—
New York
Boston
Portland
-
Flour,
Wheai-,
bbis.
busn.
99,950
7,245
10,502
Montreal
Philadelphia
6,178
11,493
Baltimore
Total for week..
Previous week
Two weeks ago......
Same timd in 1878...
135,268
99,907
68,311
95,904
.
889,065
38,244
Corn,
bush.
843,663
26,930
Oats,
bush.
2,835
Rye,
bush.
64,760
73,050
152,923
398,214
Peas,
bush.
9,269
28,666
216,257
212,510
1.531,496 1,599,340
1,623,669 1,548,604
775,850
817,235
1,457,505 1,336,685
....
15,932
•
2,885
4,203
8,232
80,692
21,688
24,059
69,728
1,651
From New Orleans, 17 bbis. flour, 54,090 bush,
wheat, and 86,285bush.
The visible supply of grain,
37,269
1,976
5,873
56,627
corn.
comprising the stocks in granary
at
the principal points of accumulation at lake and seaboard
ports, and in transit by rail and afloat in New York, Feb. 8,
1879,
was as
follows:
23, 1878
18,233,701
18.917,270
9,691.292
Rye,
bush.
859,804
404,000
275,525
1,067,786
495,063
513,557
38,500
51,363
311,634
66,000
4,700
4,000
29,190
12,913
121,060
1,313
841,000
180,435
647.000
1,395,019
124,776
82,721
81,819
35,000
102,094
33,713
17,043
401
11,630
1 39,164
21,820
35,117
36,000
16,067
....
118,152
135,129
302,769
194,331
269,942
677,771
719,984
100,000
....
....
157,299
5,937
8,012
....
12,651
3,134
...
233,665
150,000
135,745
869
8,035
54,610
7,402
1,672
...
98,781
320,000
16,760
ICO,000
9,523,833 2,345,967 4,541,203 1,321,Sit
10,538,247 2,373,837 4,764,810 1,401.873
10,539,164 2,480,273 5,030,113 1,449,542
9,866,255 2,516,455 5,064,270 1,475,260
9,236,186 2,641,330 5,041,315 1,640,030
9,011,7.95 2,693,476 5,254,294 1,454,029
8,525,819 2,700,310 5.248,452 1,722,955
9.058,672 2.968,674 5,600,192 1,565,184
61009,408 3,297,716 4,181,476
786,926
February 1.
t Estimated.
Business has been less
manufacturers’ agents, but
Friday, P. M., February 14, 1879.
generally active the past week with
fair aggregate distribution of both
staple and department goods was effected in moderate lots. West¬
a
jobbers are operating cautiously, and Northwestern buyers
purchasing very lightly, because of the wretched* condition
of the roads in some
parts of the Northwest; but jobbers from
other sections of the
country are making preparations for the
coming spring trade with a fair degree of liberality.
The
jobbing trade has shown a further slight improvement, and
a fair business was
accomplished with Southern retailers, of
whom a good many have
appeared in the market. The Ameri¬
can Print Works, of Fall
River, have been compelled to ask the
indulgence of their creditors, and it is probable that they will be
enabled to obtain an extension of two
years, as requested.
Domestic Cotton Goods.—The
exports of cotton goods from
this port to foreign markets
during the week ending February
11, were 3,160 packages, including 1,071 to Chili, 790 to
Africa,
324 to Danish West Indies, 220 to Mexico, 237 to
Brazil, 137 to Great
Britain, and several smaller lots to other markets. There was a
steady demand for brown and bleached cottons and the best makes
were
firmly held, owing to the excellent condition of stocks, most
of which are well in hand.
Wide sheetings, denims, ducks and
ticks were in steady request and firm, but corset
jeans were some¬
what less active. Cheviots and cottonades were
more
generally
sought for, but purchases were mostly restricted to small parcels.
Quilts, white goods and piques continued in good demand. Prkt
cloths were very quiet and weak at 3
5-16c, cash, for 64x64s, and
2$c., cash, for 56x60s. Prints exhibited very little animation, but
there was a satisfactory movement in
ginghams, cotton dress goods
and cotton hosiery.
ern
are
Domestic
Woolen
Goods.—There
was
only
a
moderate
light-weight woolens by the clothing trade, but some
fair duplicate orders were placed with
agents, and deliveries, to
a considerable
aggregate, were made to clothiers and cloth jobbers
on account of previous orders.
Stocks of light-weight fancy
cassimeres and cheviots are not unwieldy,
and as manufacturers
have, in
there is
1,472,978
1,457,426
Rye,
bush.
...
1,809,127
386,660
1,452,591
268,959
1,902,113
269,033
7,315,902 1,443,055
10,127,362 1,368,876
6,953,724
8,371,387
11, 1879
4, 1879
20,604,146
20,440,452
..20,319,326
19,254,560
18,585,413
18,010,663
bush.
demand for
bush.
107,984
8,430
23,620
Philadelphia
Corn,
1, 1879.....
25, 1879
18,1879
598,603
Barley,
THE DRV GODDS TRADE.
(32 lbs.) (48 lbs.) (56 lbs.)
136,661
35,248
19,230
10,850
58,917
4,685
2,934
3,712
S7
7,452
19,200
3,600
450
52,305
30,990
12,600
57,000
18,200
7,650
Shipments of flour and grain from Western lake
ports from Jan. 1 to Feb. 8.
Jan. 1 to Feb. 8
Sama time 1878
Same time 1877
Same time 1876
*
week
....
121,753
Previous week
29®
31®
85®
80®
65®
73®
ending Feb. 8,
Feb. 8, and from Aug. 1 to Feb. 8.
to
Total
Feb.
Jan.
Jan.
Jan.
Jan.
Dec.
504,776
2,904,665
....
766,820
546,823
400,000
Dec. 21, 1878
Feb. 9, 1878
59®
Barley—Canada West....
State, 4 rowed
Receipts at lake and river ports for the
Rail
357,000
417,508
62,968
294,228
85,863
721,505
8,147
14,823
315,249
Kansas City.
Baltimore
Rc.il shipments, week
Afloat in New York +
81
45®
58®
new.
Oats—-Mixed
Southern
At—
77®
Red and amber winter 1 06® 1 11
Red winter No. 2
1 10% ®
White
1 06® 1 12
Corn—West’n mixed
42 ® 47%
do No.2,new&old 45% ®
47%;
do
white
46®
wheat
do XX and XXX
do winter shipping ex¬
XX and
Wheat-No.3 spring,bush. $0 92®
§5
No. 2 spring
1 02® 1 05
-
235,051
640,000
..905,954
Indianapolis.
:
Flour.
do
.•
Oats,
busb.
938,665
7,452,840
3,522,696
Peoria
for white.
Corn,
hush.
The market
many cases, discontinued their
fair prospect that the goods
a
hands will be distributed
worsted
without any material deviation from
also, is the case with spring cheviots and
Such,
coatings, stocks of which
present pricep.
Tweeds and cashmerettes
tions
were
production for the season,
remaining unsold in agents*
were
individually light.
in
are
well in hand
as
a
rule.
moderate
demand, but selec¬
Kentucky jeans were le«3 active
than
expected, and satinets continued slow of sale. Worsted
goods were more sought for, and the new productions of
the Pacific, Manchester, Washington and
Arlington Mills were
distributed in moderate parcels to a considerable amount.
dress
Foreign Dry Goods.—There has
been a better
inquiry for
foreign goods which resulted in a moderate business; but the
demand was chiefly confined to staple fabrics and a few
special¬
ties in dress goods, silks, &c.
Hamburg embroideries, white
goods and laces were distributed in large quantities privately and
hrough the auction rooms, and there was a fair demand for
lousekeeping linens. The main feature of the week’s business
was an offering at auction of 3,000
pieces Lyons and Zurich dress
silks of the importation of Messrs. C. A. Auffmordt & Co.
The
sale was largely attended, and low-grade silks sold
well; but
medium and fine qualities dragged, and a considerable
portion o£
the offering was consequently passe!.
180
THE
CHRONICLE.
Importations of Dry Good*.
The
Receipts of Leading Articles
importations of dry goods at this port for the week ending
Feb. 13, 1879, and for the corresponding weeks of
1878 and 1877,
have been
follows
as
1377
Manufactures of wool.,
897
Miseell’neousdry good>
Total
FROM
1,646
4 HO 894
1,097
*354,019
831
704,595
348,949
43't,308
1,306
1,513
1,461
335,153
249,614
614
916
572
415,2-7
602,524
215,477
137,0*8
*2,232,461
3,839
Miscell’neous dry goodt
Total
Add ent’d for cons’mp’L
•°,073
6,351
2,2:2,461
2,108
3,839
Tot. thr’wn upon mark’t
9,421
43,070,509
5,947
do
cotton
Co
silk..
flax...
ENTERED FOR
Manufactures of wool.
do
cotton
do
do
silk
flax
..
.
189,671
33,217
*833,048
4,460
THE
*157.145
359
420
169
547
613
*166,087
87,635
9r,544
41,118
1,562
6.C51
7,913
149.133
121.580
*182 702
90,041
114,*31
25,215
2,151
51,355
*588,108
1,388,315
3,737
570,638
4,460
1,724,335
*1,976,423, 8,197
*2.294,973
111,141
175,987
276
151.624
283
267
2,232,4 il
$716,559
3,839
1,388,3.5
5,791
*215,780
81.48^
l46.6>5
151
40,948
70 024
27,841
1,453
4,460
*2,104,674
*541,819
1,724.3,5
5,916
*2,266.154
4
Lendlutf Article*.
The following
shows the foreign
table, compiled from Custom House returns,
imports of leading articles at this port since
January 1, 1879, and for the same period in 1878:
fThe <iiHnfir.v
in nHckaye'* when not
i«
Since
Since
Jau. 1,
1879.
time
1878.
China, Glass and
Metals, Ac.—
Cutlery
Earthenware—
China
754
Earthenware..
Glass
36,121
Glassware
Glass plate....
Buttons
tons
Cocoa bags
Coal,
4,210
21,534
3,310
513
732
1,103
1,062
3.119
8.078
1,67s
3.214
244,092
Coffee, bags
Cotton, bales....
Drags, Ac—
Bark, Peruvian.
408
Hardware
Lead, pigs
6,776
Spelter, lbs
472
....
3,009
571
641
72-:
Indigo
Madder&Ext.of
Oil, Olive,.
Tin, boxes
Tin slabs,lbs...
Paper Stock
Sugar, hhds, tcs. A
bbls
Sugar, bxs A bags.
2,534
Opium
Soda, bi-carb...
Soda, sa)
Sodaash
Qanny cloth
Htir
Hemp, bales
Hides, Ac—
4hl
740
•
•
.
•
1,017
22,311
2*6
56
....
8,6(8
5,121
119
171
Ivory
Jewelry, Ac.—
273
2:7
66
75
97,583
26,144
.
Watches
Linseed
Molassej.
1,2,9
lo,012
12,303
32,361
551,7.0
160,872
lu,596
18,482
301,080
61
93
560
6.680
7,627
2,917
*
352,616
5,84»
67,C’o-.
7,197
10,302
3,491
*
166 160
8,03 d
76,i91
Oranges
235.4.'7
134,140
193,743
Spices, Ac.—
Cassia
Ginger
Pepper
Saltpetre
1,493.90j
1,525,161
9,055
15,607
24,033
12,422
27.770
9 >,316
25,963
20,b33
a4,369
iVoods—
Cork
Fustic
42,503
12,4:9
68,660
Logwood
2,945
Exports of Provisions.
are the exports of provisions from New
following
Boston, Baltimore, Philadelphia, Montreal, Portland
8,151
51,487
2,2.2
131,849
3,703
York,
and New
Orleans for the week ended Feb. 8,
1879, and their distribution:
Pork.
To—
bbls
Liverpool
London
GlftSSOinT
Bristol
Hall
British Ports
Hamburg
296
106
50
........
8 >
12
225
,
Bremen
Havre
jVIarfeiiles
Continental Ports
South and Cent. America.
West Indies
British N A. Colonies....
Other countries.
Total week
Previous week.
..,
057
849
675
60
91
2,18!
Antwerp
bbls.
911
..........
•
Beef,
•
•
•
.
lbs.
Bacon,
lbs.
865.978 10,796,965
110,08;32,000
1,243,050
2,288.250
5,(’00
322.550
139,180 1,534.125
1,000
289,825
16 3,282,438
3,276,627
1(8 1,175.520
'510,'625
36 1,244,085
932,125
912,815 1,582,925
160
16
920
Lard,
•
•
.
....
39
24
•479
294
1,632
405!
140
445
142
60
Cheese,
524,4(0
41,400
94,130
18,060
28,600
43 H-O
12.00
■
8,M0
12,0.0
2,268,420
461,427
1,766,20a
523,633
3«,539
4,018
154,746
26,520
1,530
899
116 090
2.605
513.154
18.722
4S9,G03.
877,618
2.4,341
855,226
234,672
89,44-T
12,080
3,4:5,618
5,320,030
Ro»in
Tar
Pitch
Oil cake
85.166
2,>83.538
71
5.972
No.
4,551
2,047
2,390
71,776
5,029
2,347
35,513
bbls.
•
•
•
11,831
1,500
505,855
344,192
Oil, lard.
Oil, whale
•
•
•
2,078
2,425
1,354
2,955
14,7i4
8,664
31,174
5,326
C68,160
52,052-
1,227
...pkgs.
46,581
pkgs.
pkgs.
33 435
2^, 01
kegs
No.
3,758
150.045
122.872
14.815
32,-54
146,727
1,248
3,693
4.425
pkgs.
Spelter
slabs
Siearine
pkgs.
34,319
519
4,416
13,9:2
2,073
bbls.
hhds
;.
3,117
bush
bis.
tcs. & bbls.
Wool
29,857
379
7,4:0
bxs. and
549
41.890
11
Tallow
Tobacco.
Tobacco
58,960
40,213
pkgs
Sugar
Sugar
523,236
461
pkgs.
Rice
24,251
13,640
21,698
287
gall-.
Be< f
32,333
8,8 5
bills.
Peanuts
Provisions—
Pork
15,373
170.949-
8,164
4S.797
....
pkgs
...
•
626,815
182.211
180
4.472
•
4,926
•
68,980
2,154,444
42,534
292
bbls.
bbls
bbls.
13,178
27,831
'
5,8j6
Turpentine, crude
pkgs.
cases.
hhds.
bbl*.
bales.
8,*201
214,763
107,961
82,267
34,414
168,751
3,101
15,314
4,055
432
50
4,63 t
612
222
3,536
3,500
2,950
15,1:52
6,865.
233
7,121
2,423
4-‘.3.49
727
7,374
3,251
16.677
12,457
12,557
13,848
4,790-
19,2.9
5,165
433^400
72,2'JO
Exports of Leading Articles of Domestic Produce.
The
following table, based
upon Custom House returns, shows
from New "York of all leading articles of domestic
produce for the week ending with Tuesday last; also the exports*
from the 1st; of January, 1879 to the tame day,
and forth®
the exports
corresponding period in 1878:
Week ending
Feb. 11.
Ashes, pots
bbls
Ashes, pearls
bbls.
Beeswax.
Breadstuff's—
Flour, wheat
Flunr, rye
33,320
1,674
2,811
bbls
Wheat
Bye.,
Oa»s.
Barley
Peas.
Corn
Candles
Coal.
Cotton
Domestics
Hay
Nav .1 Stores—
Crude turpentine
Spirits turpentine
Rosin.
Tar
Pitch
Oil cake
Oils—
Whale
..
3,346,699 1,3:0,236
1,666,737 3,469,177
15.763--
74,059
321,310
165
5S3
21.469
309,671
bush
bush.
58,001
762,0.(1
pkgs.
1.537
7,305
.tons.
bales.
2,160
6,790
pkgs.
3,131
9,449
37,019
19,! 06
481
396
5,615
5,2i)0
207
1,610
19,4-46
4,206,167
327,022
18,497
1,217
85,242
■
,
2,945,650
1,605
105
gals.
gais.
gais.
bbls
bbls.
tierces
lbs.
....lbs
fi>s.
lbs.
Beef
Butter.
Cheese.
Lard
Rice
bbls.
183,483
20,378357,524*
*9,722:
1,720,650
5,476
5,997
60,063
9,154
6,633
14,92A
19,212.
161
38,937
192,048
14,161
14,161
243
19,202
20.295
22,011
121,459
148,04950,327
637.
799.
565,750-
120
1,1(6
2,191,154
15,256,319
14,040,942:
4,789
1.195
26,810
27,851’
>
•
,3,483’
725
76S
-
,
71 &
24,860
4,836,021
100
gals.
gals.
Sperm
Tobacco
2,911
.
bbls.
cwts.
Lard
Liuseed
Petroleum
Provisions—
last year.
ia*
71
2,710
761,146
6>-,2 6
2,694
bbls.
bbls
bbls.
.bbls.
Same time
20 8
32
bbls.
bush.
bush.
bush.
bush.
bales
bales.
Hops
Tallow
1 obacco, leaf
168
10
bbls.
Corn meal
Pork.:
Beef....
Since Jan. 1,
1879. *
lbs,
Cutmeats...
730
7,532 3,587 11,094,898 24,809,882
6,198 3,749 10,841,308 31,653,514
618,971
267,120
23.750
1.750
lbr.
1,213,962
1,258,140
62,200
69,364
Tallow,
lbs.
510
11,045
91,338
59,13(1
236,537
110,614
Nuts
Raisins
677
bags.
bags
Naval Stores—
WJi skey
47,414
Mahogany
The
127,486
1,279,671
75,169
12,* 58 Hides, undressed..
112
46*
Hides, dressed..
4 679
54,997
Kice
Bristles
1 la
2,809
237.582
Lemons
8,049 Fruits, Ac.—
294
7.-8
100
7. b
Pars
value—
174 Corks
2, 30 Fancy goods
6.618 Fish
2.K5
6,0:4
6,500
Lead...„
last year.
11,763
21,167
623
bales.
..sides
pigs
Leather
Hogs, dressed
1,738,16i
Champagne.bkt-.
4,386 Cigars
192
Piax
7,487
210,215
Wines
141 Wool, bales
1,699 Articles reported by
184
Hides
Same time
120
bbls
.....bales.
Laid
Lard
3J(j Wines, Ac—
11,838
Gam, Arabic....
• • • .
77,218
Steel
2,121 Tobacco
2,8t-2 Waste
1,272
Cotton
Cotton feed oil
Flax seed
Gr-ss seed.
Egg<
.
corres¬
1,504
722,868
604,440
69,684
151.960
6.492
bush
Cutmeat8.
Butn r
Cheese
670
.
t
Barley and malt
S.-une
time
1(3.8.
612
74
800
Tea
Gambler
Jewelry
1S6,5:2
1,481
Blea. powders..
Cochineal
Cream Tartar..
India rubber
1,033
2,771
1,863
Wheat
otherwise specified.!
Same
|
Jan. 1,
18.9.
bbls
Hops
459
1,952
ituporia of
bb’s
Breadstuff's—
128 704
D. **
*23^8)3
$'56.638
$2,789,099
Ashes
DURING
443
311
130
702
126,063
upon
Week ending Since Jan. 1,
Feb. 11.
1879.
Corn meal
536
447
180
660
139
171,696
daily reports made to the
Exchange, shows the receipts of leading
Produce
ponding period in 1878:
*1,724,335
MARKET
WAREHOUSING DURING SAME PERI
225
cjns’mp’n
Tot’l entered at the port
192.512
4'6
3 is
1<6
47a
Miscell’neous dry good^
Total
Add ent’d for
*217.8 iO
204,783
INTO
969
543
»
*1,388,315
AND
Bit
679
175
833
872
do
220,332
121,492
THROWN
THE SAME PERIOD.
.
871
Domestic Produce*
1879, to that day, and for the
769
WAREHOUSE
Manufactures of wool
Value.
*267,231
6,351
WITHDRAWN
Pkgs.
640
..
flax...
1879
Value.
of
articles of domestic produce in New York for the week
ending*
with Tuesday last
(corresponding with the week for exports); alsothe receipts from January 1,
*40\2CO
cotton
silk
Pkgs
following table, based
New York
13, 1879.
1878.
Value.
Pkgs.
do
do
do
The
:
ENTERED FOR CONSUMPTION FOR THE WEEK ENDING
FEB.
[Vol. XXVIII.
614
5.f:0S
5 055
21,337,454
95,272,179
568,8)8
2,121,666
8,752,093
289
3
601,292
9,9>y,612
39,663,694
2,lo3
305
4,485
9,848
74,574,333
781,133
7,400,680
42,912.431*
3,081
...;
lbs.
hhds
9,760,255
...bales and
1,384,2 9
1,719
cases.
1,532
lbs.
5,123
77,540
1,094
8.077
6,077
656,59a
34,7ft£
Tobacco, manufactured
Wba.ebone.«..*•••».«*
lbs.
5,127
8,085
7,119,673
7,898-
February 15,
THE
1879.]
GENERAL
GUNNIES.—See report under Cotton
HAYNorth River shinning.,.*...,9 100 A
40 @
HEMP AND JUTE—
American dressed
ft ton.
l 70 @
American undressed
@
Russia clean
gold. 2 '0 @
Italian
“
2 75 @
Manila
„..yib ••
6**
PRICES CURRENT
ASHES—
Pot, first icrt
V a.
4*@
BREADS TUFFS—8ee special report.
BUILDING MATERIALS—
Bricks—Common Hard,afloat..V M SCO d
Croton
4 UO
© 9 00
Philadelphia
22 on <3 26 00
Cement— Rosendaie
V bbl.
Nominal.
Aims—Rockland common....V bbl.
8U ©
Sisal...,
Rockland.finishing
90
00
18 00
@
Pme, shipping. box
do tatly
Oak
boards, com.to g'd,each.
@
@
@
©
@
22
Jute
16
20
14
9
a
@
@
18
k5
15
15
@
9
8
8 CO
@
11 003
Liverpool house cannel
Anthkacitb—The following will show prices at
-last auction or pre e.it echeiule rates:
Pei-n.
D.L.&VV.
D.&H.
§ L. & W.
Auction.
Schedule
Schedule.
Schedule.
W eeJan.
9.
N. Y.
Port
howaen.* Hoboken.
Haibor.
John.'t’n.
St^mb... $2 43
2 ; 0
f; 35 ui....
Grate.... 2 .0
2 -jU @2 10
2 5U
2
80 0 1 40
2 50
Egg .... 2 40
2 75 @
8tove.... 2 €0
2 93
Ch’nut... 2 £U
2 3- @1 40
2 6J
*
40 cents additional for delivery at New York.
§ L. & W. quotations are for Wilkcebarre coal.
....
.
•
•
•
•
-
*
•
•
•
•
•
•
•
»
...
...
do
Native CeyJon....
Mexican
Jamaica
Maracaibo
Laguayra
St. Domingo
Bavanilla
Costa Rica
COFPER-
•
.
gld.V A
gold. “
11
11
gold.
“
gold.
gold.
gold.
gold.
••
“
"
••
11*0
15*0
23* i
gold.
gold
“
“
Bolts
11 *
@
@
15
15
13
14
li*
15*
<5
17
@
@
16*
©
U
&
17
lb
16
12
14
@
17
0
19
@
14* J
15
*
gold.
V A.
Sheathing, new (over 12
Braziers’(over 16 oz.)
oz;
24
15*0
7R 100 A cur 2 03
11
V A. gold.
“
8 7J
i
V 100 A.
Brimstone, 2n^s & 3rds,per ton.gold.22
Brimstone, Am. roll
*A..cur.
Camphor refined
**
Castor oil,E.I. inbond. V gal..gold.
is
50
**
3 50
“
Cochineal,Honduras, silver...
**
**
16 25
"
car.
ii'
a 1 30
& 24 10
23* *
1 00
@ 3 87*
@ 16 10
@
@
25
‘
@
@
@
29
3 87*0
1“
@
“
.gold
23
23
Madder, Du tcb..... ..............
Madder,French
1 @
Nutgalls.blue Aleppo
cur.
18*@
Oil vitriol (66 Brimstone)
“
1*0
Opium, Turkey ....(In bond), gold. 8 87*@
21 @
Prusslate potash, yellow* Am..cur.
43
Quicksilver
gold.
Quinine
cur. 3 60
50
Rhubarb, China,good to pr.... *.*
9
Sal soda, Newcastle.. V luo A, gold 1 00 &
Shell Lac. 2d A 1st English. y A .cur.
Seda ash
V 100 A. gold
18 @
1 55 e
...@
8
3
19
1*
44
1 50*
1 C5
Raisins,Seeaiese, per
do
Layers
do
Loose
do
Valencia........
Currants....
Citron
Prunes,Turkish, new
do
French
Dates
Figs, new
Canton Ginger .w:* A hf.pots. y oase.
V A
quarters,
Feacbes, pared, Ga., e d to ch’ce *73
do
unpared halves and qrs...
Blackberries
Raspberries
4;herrles, ary mixed
Plums. State
Whortleberries..
,
Cassia, China Llgnea
Ginger, African
3 10 <9
1 52*@
1 60 @
6*0
3*0
13*0
4*0
9
8*
8
8
0
@
0
50
35
39
36
0
40
0
0
@
0
88
39
Mexican, sheet
Pig,American, No.1
Pig, American,No.2
Pig, American, Forge
Pig, Scotcn.,
y ton. 16
15
14
\9
50
50
50
53
40
75
5*
6*
LEATHER—
18*0
13 @
Slaughter crop...
25
Oak, rough
Texas, crop
25
19
'*
V gal.
Cuba, clayed
Cuba, Mus.,refln.gr’ds,50test.
“
do
do
grocery gratios.
“
13
13
20
Barbadoes
18
"
*'
....£
...
@
21
20**
@
@
@
a
27”
26**
“
2>
0
Nominal.
23 0
33
**
28
5
•
•
0
....a
16 @
15
....0
....0
11
34
0
25
25
"
*•
low No. 2 to good No J2
low pale to extra p tie,.
window glass
“
....0
0>
„
3
4 id
“
•*
@
a
90
43*
c7*
50
y lb.
!....
0
4*0
Flloerts, Sicily
Walnuts,Naples....
4*
8
...
Pecan
0
10 0
4*0
1*2**
8*0
10*
OAKUM—Navy,U.S. Navy * best y A.
OILS—
Cotton seed, crude
Olive, in casks y gall
Linseed, casks and bbls
Menhaden, crude Sound
Neatstoot, No. 1 to extra
y gal.
Whale,bleached winter
Whale, crude Northern
Sperm .crude
Sperm, bleached winter
Lard oiL Hos. 1 and 2
n
0
**
1 05
0
“
"
60
27
55
47
0
a
0
0
0
@
“
•*
“
“
**90
“
1 02
35
15
63
29
75
50
40
oscs
44
*'
52
City, thin oblong,bags, gold, y ton.
Western, thin oblong (Dom.)cur ** 27 10
V gal.
Cases...,
Refin ed
**
*
Napht ia,City, bbls
**
..................
5 0
•
2
3
3
7
3
5
27
20
14
11
0
0
0
0
0
•
•
•
•
•
•
•
•
Beef haTiis.Western
Bacon, West, long clear
V A
Hams.smoked
Lard, City steam,
4*
S
4
8*
10
3*
5*
@
15
0
12
Fxt^aC
“C”
Yellow
Molasses sugars
“
...
6*70
@
5*
675
RICE—
V A.
Carolina, fair to prime...
Louisiana, fair to prime.
Rangoon, In bond
£*@
66
5*0
6*
IOC A
2*0
3*
Turk’s Island
St. Martin
....@
Liverpool, Ashton’s fine..
....0
Clover,Western
Clover, New York State
Timothy
V
Canary, Smyrna
Canary, Sicily
Canary, Snailish.....
Canary, Duich
Hemp, foreigu
Flaxseed, American, rough..
$ 58 A*,
Linseed, Calcutta
Linseed, Bombay
$ It A.,
SO
0
@
2 0J
2 10
@
bush. 1
1
0
....0
....0
1 42*0
gold.
gold.
1 95
• ••
0
0
5*0
7
2 25
1 60
<
•
v
•
•
•
•
2 00
•
0
IK
6*
e*a
9
0
@
9H
8*0
9*3
8*0
7*0
7*0
8*s
...
8K
8»
8X
7*
7*6*
-
7 0
6*0
“
TALLOW—
Prime city
None.
,V A.
TIN —
Banca
Straits
6*0
gold. ¥ A
18
14
English .refined
*•
0
14*3
14;V0
15
0
5 50
6 lift
fibs g d. 5 SO
'•
-
tt
18
25
35
0
@
2T
0
4V
Ex.fineto finest...i
Choicest
Ex. fine to finest
Choicest.
Imperial,Com. to fair
do
>
Sun.to fine
Extrafine to finest
Hyson Skin. A Twan. com. to fair.
do
do
Sup.to fine
do
do
Kx fine to finest
0
45
0
@
0
•
25
39
50
34
45
@
15
@
n
Nominal.
17 0
5tl'
26 @
£3
£6 0
45
IS- 0
22 16 @
5 tJ
35 @
45Nomii
23
18 0
35
27 0
Uncolored Japan .Corn, to fair..,,,,
Oolong. Common to fair
Superior to fine
16
St)
49
27
33
14
16
u©
Sup’rtottne
21
as
Nominal.18 0
23-
do
Ex.ftneto finest
@
@
Nomina).
do
do
£*.
Nominal..
76
25
85
8uper.to flue
do
....
5 ;s
TEA—
Llyson, Common to fair
cnr.¥2
do
Superior to fine
do
Extra fine tA finest
do
Choicest
Young Hyson,Con..to fair
.
Ex fine to finest
Choicest....
8ouc.& Cong.,Com. to fair
Sup’rto fine
@
@
5C
40
55
Rv. fineto finest
Choicest
Vib
“
leaf,
*•
com. to fine.
Virginia LeafLugs, common to fine
Manufac’d.in bond, black work
bright work........
“
“
WOOLAmerican XX
American, Nos. l A 2....
¥A
American, Combing
Extra, Pulled.
No.l, Pulled
California, Spring Clip-
Superior, unwaBhed
..
Fair
Interior.
Am.Merino, unwashed
Cape Good Hone.unwashed
Texas, fine. Eastern
Texas, medium. Eastern
Smyrna, unwashed
gold.
5(1
60
•
0
@
7
“
Barry
250
6*A
7*@
40
55
6X
Ht
7*
5X
6>C
“
South
....0
V A.
6*i
@
7
4
•*
Havana, com. to fine
0 9 53
0
0 10 25
« 11 00
*'
.,
««
6*i
“
Bright wrappers, common to fine.
lara, i and ll- uts, assorted
ii ^5
....
23
21
•*
Kentucky lugs, heavy
9.v
13*
9 50
ID 50
18 00 0
....0
5* a
0
TEJ
TOBACCO-
SALT-
•
@
@
"
do
off A
White extra C
10
....0
...
“
....
9 25
'l*
16
..0
.
....0
a
14
10X
....0
...0
Coflee, A, standard
do
89 50
27 50
8*3
V bbl. 10 53
“
"
**
“
....©
*•
do
do
390
0
“
“
"
do
do
do
4 U*
2 0?
I IS-
cur.
cut loaf
do
do
32f
9*0
10*0
Bunpowder.com to fair
do
Snp.toflne
NUTS—
Brazil
“
It-fined—Hard, crushed
Hard,powdered
do granulated...
-do
0
6*0
.
Plates. 1. C., coke
Plates.char.terne....
800
0
9
SUGAR—
Inferior to common ;'eflnir>g....$» a.
Fair
“
Good refining
“
Porto llico. refin
fair to prime “
Boxes, c ayed. Nos. 10@12
“
Ce trifugal, Nos. 7@13
“
Melado....
“
Manila, sup. an 1 ex. sup
“
Batavia, Nos 1 @12
“
Brazil, Nos, 9011
“
do
0
0
Store Prices
14*0
]6
“
“
American cast spring
American machinery
American Germar spring
1 .0
4 23
5 00
•
13*
•
a
.
Pork, new mess,spot
Pork, extra prime, new
Pork, prime mess, West
Beef,p’aln mess
....
•
24
25
PROVISIONS—
1 55
1 62*
•
20
@
g
Tar, Washington
>,.,..y bbl. 2 CO a
Tar, Wilmington
"
2 £0 a
Pitch, city
....0
so @
Spirits turpentine
V gal.
Rosin,
strained
to
goodstrd.y
bbl.
....0 1
'*
low No. 1 to good No. 1
1 90 @ 2
“
*•
.......
5*
12
Porto Rico
N. O.,com. to prime,....,
NAVAL 8TORK8—
“
American blister
American cast, Tool
00
50
00
60
60
2 ri
1 07
gall.
English, spring,2d & let quality..
English blister,2d& lstquality..
Enullsh machinery
English German,2d * 1st quality
0
Hemlock.Buen,
A’res, h.,m.& l.y A.
“
California, h., m. & 1
'•
common bide,h., m. *1....
rough
“
English,cast,2d*lstquality VAgold
@ 45 00
“
“
Irish
Whiskey
Ordinary foreign
y 100 lbs, gold 6 3?*0
Domestic, common
cur. 4 CO &
Bar (discount. 10 p. c.).
y A
@
•*
4
3
3
?
3
»•
STEEL—
atore Dt'ice*,
Bar,Swedes,ordinary sizeB..V ton.130 00 @132 50
Scroll
V lb. 2 £-100
5
Hoop, *x.No.22tOl&’.*x 13&14 “
5 0 2 F-10
Sheet, Russia
gold.yA
10*0
11*
8heet.single,double* treble,com.
3*0
4
Rails, American
j< ton, cur. 36 00 @ 37 00
Steel rails, American
LEAD—
“
“
...
Domestic liquors—
Alcohol
19 00
16 5)
0 15 5'i
0 22 00
@
—-gold.
3 75 0 17 00
V gall.
Whiskey, Scotch
-
@
...
Gin
.0
0
0
40
Brandy, foreign brands
Rum—Jam.,4th proof
St.Croix,3d proof
0
@
39*
Honduras, sheet
Sheet
CloveB
do
stems
do
Para, fine
Para, coarse
Esmeralda, pressed, strip
Guayaquil, p eased, strip.
Panama strip
Cartbagena, nressed
Nicaragua, sheet
Nicaragua,scrap
8fl @
15*@
•
SPIRITS—
8
15
12
12
3
6
0
Beef, extra mes?
•
_
.
..
Batavia
Nutmegs,Bataviaand Penang
Pimento, Jamaica
U*
INDIA RUBBER-
IRON-
do
do
Calcutta.,
Mace
9
11)
@
t
6 ftp'
4
white....,;
17
good to choice
5 ?7*@
@
ft A,gold
Singapore
do
10*
7*
0
5
0
4 75
cur.
Pepper, Batavia
@
SESD8-
y A.
State, sliced,
do
do
100 A.gold.
16*0
HOPSNew Yorks, new crop, low to fair...
Crnde, in shipping order
•
Apple?, Southern, sliced
do
do
quarters
do
do
“
None’
None
common
10
@
None
SPICES—
do
PBTROLEUM-
24
1 65
20
FRUIT—
Domestic Dried-
“
E. I. stock—Cal. kipg.slaught. gold
Calcutta kips, dead green...
•*
Eastern
Western
Olds, all growths
Foreign
Domestic,
19*
7 0
....0
8 0
11 @
....@
8 @
cnr.
Calcutta, buffalo
is*
@
@
SPELTER—
OIL CAKE—
Sugar of le»d, white, prime, VAcur.
6
Vitriol, blue.common
“
5*0
FlSd—
Gr’d Bk.ft George’s fnew) cod.y qtl. 3 25 @ 4 25
Mackerel,No.t,M. shore
pr.bbl. 12 00 a 20 oo
Mackerel, No. 1, Bay...
14 CO 0 16 00
5 50 @ 6 50
Mackerel,No.2 Mass, shore
Mackerel. No. 2, Bay
6 50 @ 7 10
Sardines, V half lot
Sarctine.-, V quarter box
Macaroni, Italian
20*
19
*•
do....
do....
Almond?, Jordan shelled
5*0
M
Jalap.
2*
**
-cur.
Licorice paste,Calabria
Licorice paste,Sicily
Licorice paste,Spanish,solid.,
22
2M
20
6
CO
20
17
“
gold.
'•
per 100 lbs.
Glycerine, American pure
11H
...@
....©
25 @
14 @
Cabebs, East India
*.
2 12*
2*2
2l*@
95 @
V 100 A
Cochineal, Mexican...
Cream tartar, powdered
@
@
a
@
a
20
2
Bleaching powder
Caustic soda
Chlorate potash
!9*a
19*0
©
0
©
5 CO
Re-reeled Congoun, No. t
18*0
“
Demerara
••
Bicarb.soda,Newcastle.V 100 A ••
Blchro. potash....
VA car.
Catch
Gambler
Ginseng
California,
Texas,
6*
4*3
18
13
6
6 00
3 25
Tsatlees, No. 2
Tayaaams. No. I.
Re-reeled Tsatlees, best
2 (5
2 £0
MOLASSES—
American Ingot, Lake
COTTON—See special report.
DRUG8 A DYES—
Alum, lump. Am
Aloes. Cape
Aloes, Barbadoes
Arsenic, powdered
do....
do....
California,
7*
w
7*4
Llverpoolgae cannel
do
do
do....
Matamoras.
do
WetSalted—Buen. Ay, selected
Para,
do....
15
23
45
45
....A
r
fair,
good,
prime,
Java, mats
•’
**
"
"
*•
do....
*A
lb.gold
SILK—
J*
5*
Yearlings
State, flrk ns, good to choice.... 3RA.
West’n creamery *’d to cli
“
Welsh, State, good to prime.... “
Western da ry, lair to pr
“
C HEESK—
State factory,prime to choice.... V A
Western factory, g’a to choice,
“
COAL-
do
do
do
do....
Corrientee,
Rio Grande,
Orinoco,
SO
00
00
00
25
16
00
BUTTER—(Wholesale Prices;—
COFFEE—
Rio, ord. car
Montevideo,
....
C5
Ayres,selected, y A gold
SALTPETRE—
Refined, pure....
Crude
....per 100
Nitrate soda
195
4 *3
**
HIDE8—
Dry—Buenos
60 00
22 00
$ M. It. 85 00
45
Ash, good
35 00
45
Black walnut
75 00 @15u
Spruce boards & planks, each
18 @
Hemlock boards, each
14 @
Maple
VM. ft. 20 00 @ 45
Sails-:0@60d.ecm.fen.<fc sh.tf keg 2 10 a 2
4 25 @
Clinch, lx to 8 in. A longer
5
Sdflae
@ 4
Cut >pikes, allsizes
@ 2
Faints—Ld., wh.Am.pure. in oil V lb
@
Lead.wu., Amer.,pure dry
s
Elnc, wh.,Amer. dry, No. I
a
Bine, wh., Amer.,No.1,in oil
@
Paris white. Eng., gold,... V 100 A. 1 25 a 1
’ “
181
45
n
...
Lumber—Pine.g’d to ex.dryV M It. 10
CHRONICLE.
MS
FREIGHTS—
To Liyxbpool:
Cotton
Flour
V bbl.
Heavy goods. .V ton.
Corn.b’lk A bgs. V 1m.
2
12
15
0
0
@
72*0
sr
12X
4
35 >
50
75
80
11
14
0
28
0
35
27
84
SO
17
0
0
0
35
49
33
0
2a
0
0
22 0
18 0
15 0
12 O
25 0
25 0
21 0
20 0
12 0
1 20
38
40-
25“^
20
17
18
» '
29
23
23
14
.
r-STIAM.-
d.
....@
*
8 0 @
22 6 @15 0
...
5Y@
6 @
Wheat.bulk A bags..
Beel
41 tee.
6 0
Poik
4 8
.
8*0
5*S
@
...
...
...
*.
d.
8-160
....<
20 9
0
....0
....0
....0
a. <*.
7-33?
2 t
U *
r*
THE CHRONICLE.
182
[Vol. XXVIII.
Commercial Cards.
Publications.
Steamships.
Russell & Co.,
THE
ONLY
C OM MISSION
MERCH
SHIP
AND
T S
AGENTS,
Hong Kong, Canton, Amoy, Fqochow
Shanghai and Hankow, China.
Boston
J. MURRAY FORBES
30 Ckntbal Street
s'i
Financial Review,
*
(ANNUAL.)
New York Agency,
S. W. POMEROY Jb..
59 Wall St., N. Y
Direct Line
The General Trans-Atlantic
.
Mail
18 7 9.
Hong Kong & Shanghai
Banking
Corporation,
Office, Hong Kong.
Head
READY.
AGKNT
Jb!,
S. W POMEROY
59 Wall Sy., N. Y.
YEAR BOOK
A
Olyphant &
COMMISSION
Co.,
FINANCIAL
REPRESENTED
CO., of China,
104 Wall St., New York.
Brinckerhoff, Turner
&
INFORMATION.
LOUIS
Banking and FinancialUnited States— National
Bank
Figures and
Currency Movements.
Co., ’
New York
City—Bank Returns, &c.
London—Money Market and Bank Returns.
United
Commerce,
Duane
Street.
Influences, and Prices of Call Loans aud Com¬
mercial
Paper since 1870.
Gold and Silver-
Silver in the United States.
Prices, Movement, &c., in London, 1833-1878.
Washington III ill*, Chicopee Mfg Co.,
Prices of Gold in New York, from 1862-1878.
Burlington Woolen Co.,
ISllerton New iTlili*,
Atlantic Coiton Mills,
Saratoga
AND
Victory Mfg Co,,
Hosiery, Shirts and
Drawers
From Various Mills.
NEW YORK,
45 White Street.
BOSION,
15 Chaun'oby St.
PHILADELPHIA.
J. & W. DAYTON, 230 Chestnut Stbbet.
George A. Clark & Bro.,
Foreign ExchangeMethods of
Quoting.
Rector Strret—Nearest point for Wall St. Ferry and
connects with the cars for South
Cortlandt
Ferry,
Street—Nearest point for Jersey City and Communljaw Ferries.
Park Place. Chambers Street. Frank¬
ing treet. Grand Street.
Heecker Street—Connects
with cars for East and West. Elghtn Street. Four¬
teenth Street.
Twenty-Third Street. Thirty-Third
Street.
Forty-Second Street—Connects with New
York Transfer Company’s cabs for Grand Central
Depot,
t Iftleth Street. Fifty-Eighth Street.
I) or
down-town trains take west side stations.
FARE, TEN CENTS,
Except between the hours of 5:30 to 7:30 A. M. and 5 to
7 P. M., when the fare Is Five Cents.
WM. R. GARRISON, President.
M. VAN BROCKLIN, Superintendent
Insurance.
Investments and Speculation-
MARINE AND INLAND INSURANCE.
Principles Relating to Investments.
Compound Interest Table, Showing Accumu¬
lations of Money in a Series of Years.
Table Showing the Rate Per Cent realized on
OFFICE
Speculation in New York.
Showing the Interest Cost of Carrying
r
Stocks.
y/TRAOEV
United .States Debt and’ Securities—
Debt of the United
States; Terms of Payment,
Mutual Insurance Co.
Assets, 31st December, 1878,
$1,123,270 63.
&c.
TRUSTEES.
Prices of U. S. Bonds. 1860-1878.
State Debts and Securities—
AND
MIL WARD’S
HELIX
BROADWAY,
400
NEEDLES.
NEW YORK.
State Debts and
Immunity from Prosecution.
Prices of State Securities. 1860-1878.
Railroads and their Securities—
John Dwight & Co.,
MANUFACTURERS OF
S1JPE R-CARBONATE
OF
Railroads of the United States.
Railroad Earnings.
Prices of Railroad Bonds, 1872-1878.
Pricet.pf Railroad Stocks, 1860-1878.
The Investors’
The
No.
11
Old
Slip, New York
The Jobbing Trade ONLY Supplied.
Kope,
STEEL AND CHARCOAL
IRON
of
superior quality
suitable for MINING AND
HOISTING PURPOSES, in.
cHned
of
Planes, Transmission
Power, &c. Also Gal
vantzed Charcoal and BBfor
Supplement—
Investors’ Supplement which
gives a
complete exhibit of State, City and Railroad
Secuiities, is furnished daring the year only
to regular subscribers of the Chronicle, and
no single copies are sold.
One number of the
Supplement, however, is bound up in the
Financial Review, enabling parties to pur¬
chase a single copy in this form.
SODA.
Price In Cloth
**
WILLIAM
Ropes, &c. A large stock
constantly on hand from
which any desired length
are cut. FLAT STEEL AND
IRON ROPES for Minlrg
purposes manufactured to
order.
JOHN
W.
MASON
&
CO.,
£^JK£i43 Broadway, New York«
George Mosle,
Edward F. Davison,
Henry DeB. Routh,
E. H. R. Lyman,
Henry R. Kunhardt,
Hugh Auchincloss,
Lawrence Wells,
Wiliiam Pohlmann,
Alexander Hamilton,
Constantin Menelas,
Carl L. Recknagel/
W. F. Cary, Jr.,
Carl Vietor,
Ramsay Crooks,
Arthur B. Graves,
H. L. Chas. Renauld,
-
Alex. M. Lawrence,
Johu D. Dix,
•
Charles Munzinger,
Walter Watson,
Ernesto G. Fabbri,
Henry E. Sprague,
Welsh, Jr.,
John
Lewis Morris,
Chas. F. Zimmermann,
Theodore Fachiri,
C. L.F. Rose,
Wm. S. Wilson,
F. Cousinery,
Gustav Schwab,
r
George H. Morgan,
L. M. Calvocoressi.
EUGENE DUriLH, President.
ALFRED OGDEN, Vice President.
CHARLES IRVING, Secretary.
ANTON METZ, Assistant Secretary.
$2 00
To Subscribers of the Commercial
& Financial Chronicle
R.
DANA
&
Ships’ Rigging, Suspension
Bridges, Derrick Guys,Ferry
OF THE
ORIENT
Securities Purchased at different prices.
Stock
treet.
Metropolitan Elevated
Prices in New York, 1870-1878.
Table
•
OPEN FROM 5:36 A. M. TO 12 P. M.
Money Market-
E.R.Mudge,Sawyer&Co
F O 14
No. 56 Wall
RAILWAY.
Production, Exports and Imports of Gold and
AGENT 1
Feb. 27 | CLAIUBEL
Canals.
A mi supply >i!) Widths and Colors always in stock.
109
ATLAS
Trade
Articles, Tonnage of Trunk Railroads and
The
No.
BI-MONTHLY SERVICE TO JAMAICA, HAITI
COLOMBIA and ASP1NWALL, and to PANAMA and
SOUTH PACIFIC PORTS
(via Asplnwall.)
Filst-class, full-powered, Iron screw steamers, from
f’ler No.51, North River.
For Haytl, Colombia, Greytown (Nic.), Isthmus of
Panama and South Pacific Ports, via Asplnwall:
ANDE^
Feb. Is | AILSA
For Kingston (Jam.) and Haytl:
PiM, FOR WOOD & CO., Agents,
States— Foreign
Balance, U. S. Exports and Imports of Leading
Also, Agents
Bunting Company.
DEBEBIAN,
superior firai-class passenger accommodation.
Commercial—
AWNING ST PIPES.’
State*
*
Atlas Mail Line.
Retrospect of 1878.
COTTON CANVAS, FELTING DUCK, CAR COYER
1NG, BAGGING. RAVENS DUCK, SAIL TWINES
&C. “ ONTARIO ’ SEAMLESS BAGS,
Culled
available
(*) do not
Agent, 55 Broadway.
And all kinds of
4
HAVRE.
Mercantile Failures.
Manufacturers ami Dealers In
COTTONS AILDUCK
AND
utensils.
Return tickets at very reduced rates,
for twelve months. Steamers marked thus
carry steerage passengers.
For passage and freight apply to
CONTENTS.
BY
YORK
The splendid vessels on this favorite route, for the
Continent—cabins provided with electric bells—will
sail from Pier (new) No. 42 North River, foot of
Morton street, as follows:
CANADA, Franguel
Wed., Feb. 19,8:80 P. M.
AMER1QUE, Delord
Wed.. March 5.8 P. M.
LABRADOR, Sangller
Wed.. March 19. 8 P. M.
PRICE OF PASSAGE IN GOLD (Including wine):
To Havre—First cabin, $100; second cabin, $«5; third
Canton, China.
OLYPHANT &
Steamships,
cabin, $35; steerage’, $26—including wine, bedding and
OF
MERCHANTS,
Hong Kong, Shanghai, Foochow and
Company’s
BETWEEN
NEW
NOW
France.
to
1 00
CO.,
OF NEW YORK,
F.S.WINSTON, PRESIDENT.
PUBLISHERS,
ISSUES EVERY APPROVED DESCRIPTION OF
79 & 81 William Street, N. Y.
LIFE AND ENDOWMENT POLICIES
HENR Y
HERBERT,
No.5 Austin Friar3,01d Broad St., London,
ONTERMS AS FAVORABLE AS THOSE OF
'ANY OTHER COMPANY.
\
ORGANIZED APRIL 12™ 1842,
CASH ASSETS OVER?80,000,000.
@FedFRASER