Full text of Commercial and Financial Chronicle : February 16, 1878, Vol. 26, No. 660 [Copy 2]

The full text on this page is automatically extracted from the file linked above and may contain errors and inconsistencies.

xmmt
HUNT'S MERCHANTS' MAGAZINE.
REPRESENTING THE COMMERCIAL AND INDUSTRIAL INTERESTS OF

VOL

NEW

Jb'.

YORK, FEBRUARY

(INCORPORATKD NOVEMBKE,

Co.,

STREET,
'^

rates; also Cable Transfers.

Demand

Drafts on Scotland and Ireland, also on
Canada, British Columbia and San Francisco. Bills
Collected and other Banking Business transacted.
D. A. MicTAVISH, ( .„-u,
-Agents.
O. .M. MORlilS.
j

Onlted States Bonds, Notes, Cnrrenoj
and National Bank Notes.
BNORATCia AJTD PBtSTIHO Ot
BANK-NOTES, STATB AND RAILROAD BONDS,
POSTAGE AND REVENT7B STAMPS,
OERTIPICATES. DRAFTS. BILLS OF E.iCHANOi;,
AND COMMERCIAL PAPERS,

Surplus,
Buys and

issues Commercial Credits available everywhere.
J.
.1.

Capital,

SHEPARD, Treasurer.
XNO. S. CCRKIEB, Secretarj.
A. D.

Maverick National Bank

BOSTON
$400,000
200,000

Capital,

Surplus,
Special attention

Riven

to

COLLECTIONS, and

prompt remlttanoes made on day of payment.
Boston business paper discounted. Correspondence
invited.

Kountze Brothers,
IZ

^VALL STREET, NETT TORK,

Issue Letters of Credit, available In

world;

also.

Time and Sight

BANK OF LONDON.

Bills

all

on the

UNION

Cable Transfers made.

6c Francis,
BANKERS AND BROKERS,

BTOCK^, BONDS and GOLD Bought and Sold on
Commission, and carried on Margins.
Depos.u Kecelved and Inte est Allowed.
VF" Accounts of Country BanJcs and Banlcers received on favorable terms.

-

A D A.

-

OFFICE, IdONTREAI..

GEOHGE HAGUE,

General Manager.
Wit. J. iNGiii>M, Asst. General Manager.

BAKKEHS.
LONDON, ENG —The Clydesdale Banhing Co.
NEW TOitIi— The UanK of New lorK.N. a. A.

National Bank of tne liepuuUc.
The New York Agency buva and sell. Sterling ExcUange. Cable Transfers and Gold, Issues Credits
avslUble iu all parts of the world, mikes colleclloxs
In Canada i>no e'Sewherc. a id Issues Drafts pay ble
ata'iy of the othce- of (tic bank In Cantda
Dem.ind
urafts Issued payable I'l Scotland and Ireland, and
every aescrlptloa of foreign banking buslaess undertaken.

New ITork Agency, No.
miessrs.

St.,

&

Bailou,

STOCK AND BOND BROKERS,

6 W^all Street, New York.
STOCKS, BONDS and GOVERNMENT SECURI
TIES bought and suld un commission, lor cash or on
margin.

CHA8. GREGORY,
MATURIN BALLOU.
Member N. Y. stock Exchange.

Bonner &

Co.,

& Co

Boulevard HaussmanQ

Attobxkys and Agshts of

Messrs. J.

8.

MORGAN

OLD BROAD

ST.,

ic

CO.,

LONDON.

Brothers

&

Co.,

Issue, against cash depo:^! id, or satisfactory guaran.
tee of repayment, Circular Credits for Travelers, in

dollars for use In the United States and adjacent
countries, and in pounds sUrlivg for use In any part

of the world.

THEY ALSO ISSUE COMMERCTiL CREDITS

MAKE CABLE TUANSFKRS OF MONEY BETWEEN THIS COUNTRY AND ENGLAND, AND
DRAW BILLS OF EXCHANGE ON GREAT
BRITAIN AND IRELAND.

S.

G.

&

G. C. Ward,
AOKNTS FOB

BARING BROTHERS & COmPANT
52 WALL STREET. NEW YORK.
28 STATE STREET, BOSTON.

John Munroe

&

Co.,

No. 8 WTall Street, New York,
No. 4 Post OflElee Square, Boston.
CHEQUES AND CABLE TRANSFERS ON

MUNROE

& CO., PARIS.
STERLING CHEQUES AND BILLS AT SIXTY
DAYS' SIGHT ON
ALEXANDERS & CO,, LONDON.
ClBCTLAX NOTBS AITO CUOITS FOB TBATBLSBS.

Banque
Centrale

Anversoise,

Antwerp

.

BANKERS AXD BBOKEBS,
No. 20 Broad Street, New York.
W.irtiTED:
West WIscorsIn Railmad Bonds.
Et. Paul & Pacific liaiiroad Bonds.
Little Miami Kaliroan Irst Mortgage
!•

Charles G. Johnsen,

£2 William

JESVP, PATON & CO.

Gregory

NEW STREET, NEW YORK. O. T.

Transact a General Banking Business.

!W

$6,200,000, Paid Up.
the Hon. JOIl.V HAMILTON.
Vice President, JOHN McLENNAN, ESQ.
•

HEAD
i'

parts of the

Trask
No. 7

President,

wltb

BANKERS,

HAKPEK, (..,„„
GOADBV. i -^K'""-

OF

C A

Pres't.
Vlce-Pres't.

Sam'l Puilllps, Casnier.

U.
H.

Merchants' Bank

ANTWEKP,

Prest.

Exchange, and makes Cable

Sells sterling

31

No. 59 TVAIiL ST., N. V.,

Transfers of Money-

Commun<«at{on« may he addretted to thi4
Company in any language,

Asa P. PoTTBR,

-

St..

Deposits received subject to Draft. Securities. Gold.
&c., bought and sold on CoiiimtSEion. IntereHt allowed
on iieposit^. Foreign Kxchaiige. ConiHierclal Credits.
Csble Transfers.
Circular Letters for Travelers,
available In all parts of the world.

No. 82

$6,000,000 Gold.
$1,900,000 Gold.

Capital, -

Drexel, Harjes

Co.,

SocTn Thibd

Philadelphia.
Paris.
DOMESTIC AND FOREIGN BANKERS.

STREET.

No. 60 TVAI.!.

—

MACDONOl'GH,

3i

Bank of Commerce, Brown

This Company engraves and prints bonds, postage
(tamps and paper money for various foreign
iiovemments and Banking; Institntions South
American, European, West India Islands, Japan, Sx.

H. VAN

No.

The Canadian

in the highest style of the art with tpecial H^f*'
Qvards devised and patented, to prevent countertelling and alterations.
t

J.
J.

&

Drexel

STREET.

Commercial Credits Issued for use In Europe, China,
Japan, the East and West Indies, and South America.
Demand and Time Bills of Exchange, payable In
London and elsewhere, bought and sold at current

NEW YORK.
ZKSBATXRS or TUB

6(50.

Financial.

1859.)

No. S2 TVAI,!,
1 I^AIil.

NO

AGENCV OF THE
Drexel, Morgan & Co.,
WALL STREET,
Bank of British
CORNER OF BROAD, NEW YORK.
North America,

THE

National Bank-Note

UNITED STATES

16. 1879.

Financial.

Financial.

OFFICE, No.

TIIEJ

Galvcstou County tXcxaa)

10

Bonds.
Per Cent Bonds.

FOR SALE:

due 1891, Railroad Issue.
Louisville nty
New York City Gold Coupon es, due 1901.
International K ilroad ot Texas 1st .Mi>rt. Bonds.
Flint ft fere Marquette Railroad Consol. Bonds.

Paid-Up Capital,

- -

9,000,000 Francs.

TRANSACTS A
GENERAL BANKING BUSINESS.
CORRESPONDKNCE

BOLIClTiSD.

7.,

nERCHAKT

AJXD BAIVKER,

McKim

166 QBAYIKR STREET

HEW OBLEANS,

Brothers

& Co.,

BANKBBS,

LA'

47

WaU Str«««,

Bitw York.

Hatch

&

Foote,

BANKERS, No. 12 IVALL STREET'
BVT

A2n> SBtiL

QOYEBNMENT BONDS, GOLD, STOCKS AND
lUSCELLANKUUS SBCOBlIIfiS,

THE CHRONICLE.

ii

Financial.

Financial.

THE

S T' 8
YEAR BOOK
1

A

NEW

OF

West Chicago,

CO.

YORK,

No. 73 Broadivay, Cor. Rector
-

-~T

-

St.

Due 1890.

$ljOOO,000.

-

.

A LIMITED AMOUNT FOR SALE BY

HAS SPECIAL FACILITIES FOR ACTING AS

Authorized by Liw to act as Executor, Adminlstrafor, Guardian, Receiver, or Trustee, asd la a

LEOAIi DEPOSITORY

$2 CO
1

Snbecribere.

».

00

FOR

HIONEY.

Interest allowed on Deposits, which may be made
and withdrawn at any time.
N. B.— Checks un this Institution pass through the

EDVVAliD KING,

Clearing-House.
J.

M. McLean,

lf«

Presiilent.
Vice-President.
2(( Vice President.

Broker, 20 Wall Street.

»V ANTED

Alabama,

M. McLean,
B. H. HUTTON,

Retrospect of 1S77>
nercantlle Fallnres*
Banklnsr aud FInauclal—

— National

E. B. Wesley,
G. G. Williams,

J.

Bank Figures and

Currency Movements.

London— Money Market and

&c.

M

Banl! Setnrns.

States

— Foreign

Commerce,

Trade

Balance, U. S. Exports and Imports, Leading
Articles,

Tounage of Trunk Railroads and

Tbe money MarketNew

Clinton

ate.,

Brooklyn, N. T.

Company in

CHAS. U MAKWS,
Bdoab M. CtTLLSN. Counsel.

Canals.

Influences in

&

authorlzetl by special cl'flrter toftc:
receiver, trustee, guardian, executor or adminls*
trator.
II can act as agent In the sale or management of real
estate, collect inleiest or dividends. receive registry
an^ transfer books, or make purchase aud sale of Governa tnt aid etiier securities.
Religious and charitable Institutions, and persons
anaccustomed to tne transactioa of business, will find
this Company a safe and convenient depository for
money.
KIPLiBT Ii( tPES. l-resldent.
Tills

Commercial—
United

The Brooklyn Trust Co.

Vlce-Pres

Tork, and Prices of Call

Loans and Commercial Paper since

1870.

Gold and Silver—

Henry

Rockwell,

CAPITAL,
SURPLUS,
GEORGE STEPHEN,

Nos. 59

from 1662

H. K.rierre'pnnt, Dan'lChauucey, John T. M.irtin,
Alex. M. White,
Jostab O. Low, Kipley Ropes,
Austin Corbtn.
Edniuud W. Corlles.

Wm.

B.

BDNKKB,

Secretary

Now

York City.
Compound Interest Table, Showing Accnmnlations of Money in a Series of Years.

Allows interest on depOBlts.returnahle oa demaod,
or at specified dates. Is aathorized to act as Executor,
Aamlnistrator, Guardian, Kecelver, or Trustee. Likewise. Is a legal depository for money paid Into Court,
or by order of any surrogate. Individuals. Firms and
Societies seeking income Irom money in abeyance, or
at rest, win find siifetyand advantage In this institu
tlon.

HENRY

F. SPAULDING, President.
BENJ. B. SHKRMAN.
>
Vice
FKEDKKICK H. CuSSITT. t PresldentB
C. H.P.BABCOCK. Secretary.

Table Showing the Rate Per Cent realized on
Securities Purchased at different prices.

New York.

Anios K. Eno,
Frederld: H. Coasltt
Isaac N. Phelos.

Martin Bates.

Edmund

Terms of Payment,

&c.

Isaac N. Ph«lns,
Josiah M. Fiske,
Onarles U. Laudon,

and Secnrltles-

State Debts and Immunity from Prosecution.

W.Corlies.
Frederick U.Cosailt,
William H. Appltfton,

Martin Batt^s
William Allen Butler,
P. Wallace,

James

Snpplementis

V. S. Government

furnished dnr

amounts

DAXA &

PUBLISHERS,
70

&

81 Tt'IIIlam Street, N. T.

Up

-

-

-

$1,000,000.

OFFICE, MONTREAL.

GAULT,

Pres't.

C. R.

MUBRAT,

Cashier

FOREIGN AGENTS:

NE^V YORK.

Bonds booght

sold

anrt

to suit Investors; also Gold, Silver,

and

In

LONDON.— The Alliance Bank (Limited).
NEW YORK,—The National Bank of Commerce
Messrs. Hllmers, McGowan & Co., 63 Wall street.
CHICAGO.— Union National Bank.

for-

Deposits received In Currency or Gold,

Sterling and American Exchange bought and sold.
Interest allowed on Deposits.
Collections made promptly and remitted for at lowest rates.

and Bonds.

OERlHAN-AmERIC.VK BAIVK

The Bank of Toronto,
C A N .\ D A

or

FORSTER

&.

CO.,

Austin, Texam.

TrIAS FARM MORTGAGES A SPECIALTY,

CO.,

Bank

AGENCIES:

in the

in connection with the record of prices.

New York:

Quebec, Vallkyfield,

the CnnoNicLB, and no single copies are sold.

FiNANoiAn Review, thus furnishing a com
plete exhibit of stocki and bonds for reference

In

Ba^'k op Montrkai.,
59 Wall street.

BRAHCHES:

eign coins.

bound np

Agents

Hamilton, Oxt.; Atlmer, Ont.; Park Hill, Ont.
Bedford, P. Q.; Joliette, P. Q.

and Interest allowed on Balances. Special attention
paid to Investment Orders for Miscellaneous Stocks

JB.

Agents In London:
BosANQrET, Salt & Co.,
93 Lombard street.

M. H.

ing the year only to regular subscribers of

the Sinri-EMENT, however,

Castile:

THOMAS, INGERSOLL, WELLAND.

BANKERS,

Prices of Railroad Stocks, 1860-1877.

WILLIAM

ST.

HATCH,

No. 5 NASS.4.U ST.,

WILKIE,

Dealers In American Currency and Sterling Exchange-

Henry F.SnaBldiiie.

English Railroad Laws.

$1,000,000.

President ;D. «.

ANCHES :—ST. CATHERINES, PORT COLBORNK,

HEAD

Cliarles G.

FISK &

Prices of Railroad Bonds, 1872-1877.

of

Bank of Canada

OFFICE, TORONTO.

Capital Paid

David Wolfe Bishop,
li. hno,
Francklyn,
Willhtui H. Wenb,
J. Plerpout Morean,
"
Percy K. Pyne,
Charles Abernethy,

Amos

Financial.

Railroads of the United States.

HEAD

Geo. MaccuUcch MUlei
Koswell Skeel

Kdmund

Securities-

Railroad Earnings.

One number

No. 9 Blrcliln Lane.

OF CA!VADA.

Prices of State Securities. 1860-1377.

that for January, will be

HOWLAND,

Jacob D. Veriullye,

Ouf-tav Schwab,
i>avid Uows,

Prices of U. S. Bonds, 1860 to 1877.

Investors'

Office,

Exchange

Bf njamm B. Sheroian
George W. Lane,

D. Babcoclc,

Jonathan Thorne,

Vnlted States Debt and Secnrltles-

\V. Corlles,

BOARD OS Tn US TEES:
BaiTiBel

Stocks.

The Investors' Sitpplkmint

«««-•-^^e^"*

J

Promptest attention paid to collections payable In
any pari of Canada.
Approved Canadian business paper, payable In gold
or currency, dlst^ouuted on reasonable terras, and
proceeds remitted to any part of the United States by
gold or currency draft on New York.

KXECUllVE COMMll'lEE:

Jacob D. Verniliye,
BenJ. B. Sherman.
Bam'ID. B:ibcoefe,

Table Showing the Interest Cost of Carrying

Tbo

>

Dominion of Canada.

Capital,* 1.000.000

Investments of Financial Corporations in

tlieir

Smithkrs,

on and make collections in Chicago and throughout

Capital,

Principles Relating to Investments.

;

WALL STREET.

Bnyandfiell Sterling Exchange, Franca and Cable
Transfers; grant Commercial and Travelere' Credite, available in any part of the world ; issue drafts

Imperial

to 1877.

New Ysrk, 1870-1877.
InTestmeuts and Speculation-

Railroads and

61

1633-1877.

Prices in

State Debts

Sc

General Manager

OFFICE,

irjanger,

London

of the United States

ANGUS.

NEW YORK

Hetliods of Quoting.

Debt

Preaident

R. B.

the

London,

Prices of Gold in New York,
Foreign ExcbanKe—

Stock Speculation in

$13,000,000, Gold.
5,500,000, Goia.

Waltkb Watson,

Tlie Silver Question.
&c,, in

STREET.

Montreal.

C. F.

Silver in the United States.

Movement,

Lioaisiana

t.

Alex. McGue,
JoOB V. liolfe,
Chas. R. Marvin, A. A. Low.
THomas Sullivan, Abm. B. Baylla, Henry B.Sheldon,

Production, Exports and Imports of Gold and

Prices,

Bank of

TRD8TKE8:

J. S.

&

Canadian Bankers.

H. OGILVIE, Secretary.

Cor. of Montague

New York City— Bank Returns,

Willets,
Wm. AVuITEWKIGHT,
Geo. Cabot Ward,
Tukodobe Koosevelt.
Samitri,

J.

;

Carolina

I.EVY & BOKO,
36 WALL

EXECUTIVE COMMITTEE.

CONTENTS.

Soiitli

State Ifouds;
Jiew Orleans Jackson &. CJt. Nortliern,
inUsilssiiupl Central, and mobile
Si. Ofilo Uallroad Bonds
;
City of New Orleans Bonds.

AVm. Whitkwbigut,

United States

GREENEBArifl,

S.

Transfer Ag^cnt aiid
Registrar of Stocks.

NOW READY.

111.,

PARK SEVEN PER CENT BONDS,
<

CAPITAL,

.

Priee In Clotb
"
To Chboniclb

Financial.

UNION TRUST

Review,

Financial

[Vol. XXVI.

10-12 per

annually.

cent Interest, payable
Absolutely safe loans

m New

York semi-

made on property
worth, at present^ low valuatlonn, S to 6 times the
Tltloi perltU and property visited

[amount loaned.

Correspondence solicited.
RilrecUens made aud promptly remitted for.

pLjp "Bally.

Capilal,

Reserve,

,000,000.

HEAD

$1,000,000.

OFFICE, TORONTO.

Duncan Coulson, Cashier Hugh I.kacu, Asst. Cash,
Branches at .Montreal. I'eterltoro, Cohourg, Port Uopa
Barrle.St. Catharines, Colllngwood.
;

BANKERS:

London, England.— The (;fty Bank.
National Bank of Commerce,
.N KW T-„„r
1 oBh.. SJ (;. F. smithcrs and W. WaWOtt.
CoIlectlOQsm&de on the best terms.

^ik

I

FKMiUAnT

IHE CHRONICLE

16, 1878.1

di

Financial.

Financial.

Aiiicricaii

Bank of North America.

OFFICE OF THF,

JBAiVIv-IVOTli: CO..

KESV TOKK, February M, 1318.
TO THE STOCK HOLD KRS AND DEPOSITORS

COMMITTEE OF RF-ORGANIZiTlON

OFFICK,

OV THE BANK

BKOADWAY,

143

IN

Netv York.

examiners:
Examintr'i Sfntemtnt o/lhf Coniitlmef the Bank
of Norih America, after Ihi cloee qf BuHntas,
on fetn-uary J, 1678.

xm

Rbybnub Stahfs
OF Stock, PoaTAOS
POUOIBS OF INSURANCX. AND ALL
KiKDB OF SBCUBITIKS,

A8SE I'B:

tctest in default) at 30
$51,(00 Chicago Milwaukee* St. Paul
Itaiiraad consolidated morlgagc, at

FINANCIAL AGENCY

MOBtgomery,

due January

YORK,

1873,

1,

VV'allstreet

luaed

January 3,

•.

A

In

:crned Interest

.(.SO)

cashonhand

....

Total ascets

1S7S,

Issued in exchange for Market House

Due

BouEC Bonds.

^

CHAITIPAIGN,

1861.]

OFFKn

FO

S

S

r.

Excess of

$1,000 ami upwards, yielding EIGHT to
per cent seinl-aunuai Interest, and negotiated
houses of
BURyilAM. TRBVKTTit ifATTI.9, Champaign, III.
A rULLEYS. Council Bluffs, Iowa.
it Bt^YEIi, arinneli, Iowa.
All these loans are carefully made, after personal
Inspection of the security, by members of toe above
Arms, wti'). living on the ground, know the actual
value of hinds and the chararter and responsibility of borruwcri", rtiid whose experience In the business for the past SIXTKKN YEAKS has enabled thera
to fflve euilre satisfaction to Investors.

ttaiK)U£b the

paying

BVRMIAM
BURXHAM

P. Ct. Interf^st
Miirlgagpn

DAH

ft

ROW, BAMKKIiS and Xcgotla

Comtnp, Iowa

and 195 Broadway, Western Union Itldg., N. \ ., make
loans on the best Improved farms in lows, at g ta 1
9*r cent interest. Always first liens and Improved
/arms
never exceeds one-third the cash value
of the land alone.
The bonds have coupons
attached, and the Interest is p,iid semi-annually, at
the (,'entral National Bank, in New Yoric, and the
principal, when due, at the same bank. Several years
experience of tlie urm in loaning has shown these
louia tobe

i

,

J.

':ior,

Esu.,

,,

!

nt.Natl Bank, N.T.
.change I'lace, N. Y.
gunk. N. Y.
iirunawicloN. J.

,j

New

.,„i.i„„ji

Esq., SUmford, Ct.
A
')., Scc'y D. L. & W. UB. Co.
Aap'n lli-:il y. fcsq., 5 Ferry street, N. Y.
Edwards ft Odell. Attorneys. 52 Wiiliam street, y. Y
'

.

4,478,926 00

li.ibilltica

over assets.

$235,105 59

. .

teller.

are of ihe kind ordii-arily occurring in the course of banking business.
As ihey have occurio 1, wchave obtained security
for ilicm, at the time deemed quite or nearly tufllciett. The steady d dine in values of the past
few years has prevented onr realizing npou them,
and rendered the securites so fiir iuadequate u* to
cause the balance of the impaitm.nt al)ove stated.
There is a reasonal^Ie prospect of ruiilizing considtrLbic sums from such securities not included at
all in the Examiner's ei^timate of assess.
Our Board of Directors has resolred to reduce
the Capiial of the Bank to Seven Hundred Thousand Dtdlars, and the s:ockholders arc promptly
ass nting to this coar.'ie.
have added to ilii Board Ihe following gentlemen: Julius Hallgarien. Esq., of llallgarten &
Co Myron P. Bueh, i.fci President ol fie Marine
Faukcf Buffalo and H,i:ryH. Cook, Efq.. President of Ih first National Bank of Bath, i;ow a
rcsideni of this city.
take occasion to lh;»nk yon for the confidence
manifested towards us, in thj fact th it but little
stock has been olTercd fir sale snl thnt yon have
couiii.ucd your basicecs relations with as. Very
respectively,
WILLIAM DOWD, President.

We

.

A Solid Ten Per Cent.
OliD AND TRIED.
ks, SAViXGS BANKS EVEN, prow
IhcoM CK.NTUAL iLLl.N'ols U,AN
rls immov.d iml.lst the storm. If you
V SAKE IX aVy
i

ular—" Actuary of
VL ILLINOIS LOAtr

'

63.000 00
$4,762.0:)! 69

The oiher losses

ranging from tax) to ts.m.

'

,

,

•

We

'
'

»oi;thern secvritiks.

Defaulted Bonds.
Special atlcBtion given t) Comprimt>inR,

Buying or Seling
itonds,

lu.il
'

-i'-.

.M

II.

,1.
.

,v

.1

.

Mub

lc*lll:;
bo. Car. itlj,

And all

otBtr

.

.-,,,.,„. ,,,

Bought and

WM.

bulii

by

;„tu.,i.>j»

1

Bands,

(,hatta.

which are

U. DTiev, 31 Pine

St.,

P. P. KKI,r:iIER

&

CO.,

decision as to receiving addition ,1 subset Iptloos wlU
be annoanced on or about the 1st of March next.
In the meantime, the committee wUI be pleased to
receive from parties whe have not yet transferred
their securities to the committee, but who wish to do
so, a memorandum of such securltio?, with a written
application for admission into the scheme, so that all
such applications may be passed upon at one time.
A. F. DAY, Secretary to th> Committee.

Dakota Southern RR.
FIRST nORTGAGE 7 PER CENT
GOLJ> SINKING FUND BONDS.
Original

Fund,

1km,

$42,000.

$600,000.

Cancelled by the Sinking

Amount

mw Outetanding $£58,000,

being at the rate of $9,0X1 per mite of road.

The Dakota Southern Railroad runs from Sioux
Yankton, the caj ital of Dakota, a
distance of 62 mile.-!.
The ro.id has been completed and
running live years; and during
these years of business depression tlie net earnings
ovfr all expenses have each year exceeded, by more
than fifty per cent, the amount required to pay the

on its First Mortgage Bonds, while the
net earnings for 1877 were two and a-half timee
greater than the interest on its entire bonded debt.
The $558,000 first mortgage bonds are the only indebtedness of the company. We have sold during
the past two months $370,000 of these bonds, leaving
only $258,CkO of them to bo p'aced.
When the
balance is sold the company will bo entirely free
interest

from floating debt. Wo are authorized to sell the
remainlngbonds at 90 jier cent and accrued interest,
at which rate they yield nearly eight per cent
interest.

W ALSTON

lalable.

References.— MdVrs. Clark, Dodge A Co.^Fpercr
Co New York T. W. Clark * Co., PhUadclphU
,

;

H.

BROffX & BRO.,

34 Pine Street.
OFFICE OF THB CaX*t>a gOCTHKRW RaiLWAT)
Company, No. 13 William Street,
Naw York, February 2. 1878. fI

'PHE SCCOESO OF

THE

A

^DIIKRIB

-A for funding the securities of this Company having
been aabured by the deposit of more ih-in threefourths of the outstanding bonds, bolden who :baTO
not yet conve* ted their bonda Into Debenture Ccril
flcites, coun'crstcnedby tne Union Trust Company,
arc notified t:iat it Is necessary to make tuch conversion wltliout further del ty. in order to secure the
delivery to them of the new ffuaranteed bonds in the
month of March, information fur ishel and exchange effected at the eihce of this Company.

J.

/~\FFICE

^
way.

TILLINOUAST,

l^ealdest.

OP THE HANNIB.AI. &

JOSEPH RAILROAD COMPANY, 78 Broad,
New York, Fclnru,ry U, 1S78.— The Interest

ST.

1, 18:s, onthe flflo^nyear eight per
oiut Canvertlble Bonds of this Company will be paid
on presentation of the proper coupons at the Bank of
N:irth America, No 4< Wall street. New York, on

miiurlnj March

and alter FRIDAY, March
J.

1,

1378.

A. HILTON, Becretary.

OFFICE OP THE

ILLINOLS €EN

TUAL RMLUOAI) CO., 31 ^Bisiu street. Now
York, January 17, 1878.-A dividend of THREE PKK
CENT has been declared by this Company, payable on
the 1st d y of March next, to ttio holders of the capital stock of this Company, as roglstered at the clow
of the .ath day of February next, after which, and
until the llh day of March, the transfer h i^ka will k«
L. V. F. KANUOU'lI, Trcasorer.
closed.

R. T. Wilson

AM) BItOKEliS.
hT. LOUIS.

BANiili.n3

Ituii.lii,

N. Y.

Fundng,

County, Towoship and

furui,hi'd.

No. Car. i! !!,
i.ithatl. UK. Ud».

4

Mlt*»*nuri

.Municipal rcfaul'cd Bi-nds.
Iloiiters ana dealers would coDiolt their intere.ns hr
conferrlbK wit.i us. lieliablc Information cheerfully

;-aa to

i-i.

Ohio

property, as well thf( situate In Tennes-es as In
Alabama, Kentuclty and Mississippi, will soon be
ollered for sale under the decrees of the Circuit
Courts, notwithstanding the pendency of the appeal
in the Supreme Court. The commllteo condders Itsrif. under the orJers referred to, free from any
imperative sbligttlous to admit any additional securities Into the scheme of reorganization, and their

this claim.

The interest and princ-lpal have always been paid
when due. without the loss of a dollar. Send for full
printed piirtlculars, or call at the New York oiilce
and examine maps and auplicatlona for loans in sums

Wm.A. Wheelock,
nilman. Son A Co..
II r
i.-..,,„„-,„cu_
„j^

ft

Company

The Committee of Ite-organizatlon have the pleasnre
annonncing thtt, nndcr recent orders of the
Supreme Court of the United States, the mortgaged

forged endorsements. It is disputed l-y the Bank,
ana is now pending aud.jtermiQed bef^ie the Supreme Court. Onr counsel advise ns that wc have
a good prospect of succts' In relieving carselves of

;

PERFECTLY SAFE

00

We

prompt collection

FRANK

17

since the examination, we liave rrcovered $16,655 67 of the money taken, reducing the lo-s by defalcation to $33,944 43, and increafing the soiitid
capital of the bank, accordiog to iUe exam ntr's
estimate, to $73',591 93.
have a fair prospect of obtaining from flf taen
to twenty thousand dollars more on tbis account.
The B,nk has been regularly examined by Committees of the successive Boards of Dirictors, in
the same manntr and with the same cure which tre
emp'oyed in Bauks generally ; but the Tciior was
enabled, by collusion both within and wilhout the
Bank, to conceal his crime.
Ho was in the service oi the Bank for more than
Iwenty-tlve years, lived economically, bore a high
repntniion, and was much respected and trusted.
The Referee's judgment for $B3,iJfO, mentioned
in the Examiner's statement as a liability, is a
claim f ir the amont.t of drafts passed tbrough this
Bank for collection, with wh»t are claimed to be

of defaulted municipal bonds.

GEO. W.

10,6

Kemaining capital
716,894 41
The impairment of capital shown above was
caused iu part by a dcf<,cation of $100,600 by the

TEN

it

the Holders of the Secaritiea of the If obllo

City, Iowa, to

teMnoanta of

tors of Loans,

£8«,782 72

ToUiasseU

COUPON BONDS,

810

491 65
171 Qo

hunks

Total liabilities

IL.L.,

ALE

Iowa Bomls

3,101.0211 li

Uiirarned interest on billadiscoaated.
judpment iu favor of the
State of New York

RBAL ESTATE FIRST inORXGAGB

facilities offered for the

to

$1 ,000,000 00

Ret'eree's

A. C. iJurnhamj
rBeUbllshcd

DO

LIABILITIES.
Capital stock paid in
Due depositors
Interest due deootllors
Unclaimed dividendif

)4th Fcbniary, irj).

Committee.

J
)

2,338,310 73

$4,178,926 00

of the City of Montgomery, falling due

Bands, They are also agents for exohange of Market

UnuBual

175,C00 OO

Caliloana
$934,814 14
Deduct estima ed los?
119,C{2 OS— 821,513 11
Bills disconnted, maturing, good ..
96%05o 21
Overdrafts, gooti
lO.tai So
I>ne from banks, good ....
70,065 10

exchange for railroad bonds, and also interest on

new bonds

J43,550 OO
l.StO 00

Bonds aud mortgages
Real estate, banking bnilding, No. 44

on new^bonds of the City of

tailing

8,000 00

Total

Financial Agent*,'
interest

SS.OCO 00

$3,000 shares in Ciearing-Honae Association, at 100

BROTHERS,
NEW

9,000 00

9JK

CITY OF MONTGOMERY, ALABAMA.

PEARL STREET,

3,CO0 00

$.^0,000

Taio. n. Fbkbland, Sec. Gko. n. Statneh, Treaa.

YORK,

W.\i. s. I'lEllSiiN.
T. HASKINS UcPUY,

of

Cincinnati Dayton s, E:i8tern Railroad, at90
Cincinnati "ando^ky AOIeTCland Railroad second mortgage (in-

G. GOODALL, President,
Va» Zasdt, Vicc-Prce. & Manairer.

NEW

w. H. HATS. Chairman,)

Railroad
|5,750 00

Co.,

No. 11 Pine Street,

1887 (vltli
.

ALBERT

Aie paying

Us.

Bank Departmente) at US
$4 000 Sundaaky City Sc Indiana Railroad first mortgage, gnarante.d by

ASD

133

New York State

OOe,

Hi A BUILDIXO PSOOJT AOAHTST FIBS.

L E II ;« A

Mobi!e&OhioRR.

To

Stocks and bondaat mirket ralae, $i,-

HOST ARTISTIC STTLE,

:%'

YORK.

ofllcial

0\NK-XOTK8, IlONnS FOR OOTKBNMKNTe AND COB
l>OKATIOX9. UlI,L3 OF EXOnxNOK, CKHTtFlOATBS

C. L.

of the

NORTH AMERICA

We suhmlt to jron the fuliowlUK atatomcnt reported to the State Banking Lepartmenl by Iig

KNGRAVKS AND PRINTS

IN THi:

i)P

NEW

Financial.

v

&

Co.,

BANKERS AND C«MMIiSIOX MERCHANTS,
2 Esckauico Court,

New

York,

CHROWIOLR

]?HB

IV

[Vol. XXVI.

Insurance.

Insurance.

EIGHTEENTH ANNUAL STATEMENT

THIRTY-THIRD ANNUAL REPORT

OF THE

OP THE

NEW YORK
NOS.

INSURANCE GOMP'Y,
OFFICE,
AND 348 BROADWAY.

LIFE

346

JANUARY

'

Amount of Net

Casli Assets,"

January

$32,730,§98 20

187T

1,

$6,232,394 70
432,695 40— $5,799,699 30
2,168,015 85
300,558 68— 1,867,467 17-

1817

1,

Interest received and accrued
Less accrued Januarj 1, 1817

OF THE

U.

130 Broadwray,

Society
e.,

New

York.

HYDE, President.

B.

For tbe Year Ending Dec, 31, 1877
Amount

REVENUE ACCOUNT.
Premiums received and deferred
Less deferred premiums January

Life Assurance

HENRY

1878.

1,

EQUITABLE

7,667,156 47

$40,398,Od4 67

of Ledcer AssetsJanuary 1, 18;7
Less Depreciation in
U. S. Govt. Bonds..
Less Special Contingent Fund to me«t
any depreciation In
value of Real Estate

$.30,416,719 90

$77,932 36

322,897 09

401,839 45

$30,015,893 43

DISBURSEMENT ACCOUNT.

INCOmE.

1,638,128 39
Including additions
185,160 12
Endowment-* matured aad discounted
194,318 86
Life annuities and re-insurances
2,421,847 36
Dividends and returned premiums (tu cancelled policies
03
531,526
expenses
and
physicians'
fees
Commissions, brolceragcs, agency
501,025 90
Taxes, office and law expenses, salaries, advertising, printing, &c ..
72
$211,112
tm
Stales
stoclts
premiums
Uiiited
Reduction of
12,030 00
Reduction on other nocks
Contingent fund to cover any depreciation in value of
250,000 00— .473,142 72—
reaieetate

LoBfes by

Premiums

deatli.

Interest

$7,066,650 49
1,8.4,377 12

and Rents....

8,921,028 11
J:J8,936,918 56

DISBURSEMENTS.

.

Claims bv Death and

Endowments

5,945,149 38

$3,074,137 52
Dividends, aurr. Values and Annuities.. 3,160,149 24

$34,453,905 39 Total paid Policy
bolders
$ 1,216 301
in bank, on hand and in transit, since received
Invested in United States, New York City and other stocks (market
12,875 584
value 113,319.930 33)
3,350,268
Realestaie
Bonds and mortgages, flrst lien on real estate (balldings thereon insured for $13,580,0 0, and the lulicies assigned to the company
15,379,202
as additional ciilluteral security)
• Loans on existing policies (thf reserve held by the company on
695,234
these policies amounts to $3,415.11)5)
* Quarter^ and semi-annual preiu urns on existing policies, due
396,289
subsequent to Jinnary 1. 1878
• Premiums on existing policies in course of transmission and collection (e-timated reserve i>n llwse policies, $G74,0J0; included
167,183
in liabilities)
55,945
Agents' balances
315,895
Accrued intere.'t on investments to January 1, 1$78
A detailed schedule of these items will accompany the usual annual report filed with the Insurance Department of the State of
New York.
Excess of market value of securities over cost

Cash

CASH ASSETS, January

1,

1S78

61

07

Divisible surplus at 4 per cent

New York

6,458,926 69

74

26

ASSETS.

35—

$34,452,905 29

504,345 64

$34,95 7,250 93

1,

$32,293,106 44
$2,664,144 49

State standard

HAVE BEEN

ISSUED, INSCRINa

44,661
45.421
43,805

1, I8'i7

1,

1878

$126, .33,119
137, 748.471
187, 901.887
2. 499,656
2,,6>«,3 6

Divisible surplus at 4 pi r cent. Jan. 1, 1876
Divisible surplus at 4 percent. Jan. 1, 1877...
Divisible surplus at 4 percent. Jan. 1, 1878

2,.6Si,144

ROBERT B. COLLINS,
JOHN MAIRS,
WILLIAM BARTON,

GEORGE

JOHN

CHARLES WRIGHT, M. D.,
DAVID DOWS.
WILLIAM A. BOOTH,
ISAAC C. KENDALL,
LOOMIS L. WHITE,
EDW. A. WHITTEMORB.

H. B.

CLAFLIN,
M.

PURMAN,

MORRIS FRANKLIN,
IVILLiIAM H. BEERS, Ticc President and Actuary.
THEODORE M. BANTA,
D.

CHARLES WRIGHT,

HENRY TUCK,

M.

M.

D., Residence, 15 E. 3lBt

26th

st.,

st.,)
\

87
90
00

00

2,911 00

Policies in Tontine class

New Business

2,589,319 OO

in 1877, 6.609 Policies,

assuring $-30,712,793.

From

the undivided surplus, reversionary dividends will be declared, available on settlement of
next annual premium, to participating policies.

G.

VAN

CISE,

...

Actuaries.

f

We, the undersigned, have (in person) carefully
examined the accounts, and have counted and taken
an account in detail of the assets and property of
the Society, and hereby certify that the foregoing
statement thereof and of the business of the Society
is correct.

Bbnninoton F. Randolph,

HutBT

S. Tbiibii.1.,

Jahss M. HAi.STxn,
Robbbt Buss,

Thohas a. Cckhins,
Cashier.

O'DELL, Superintendent

D., Residence, 109 E.

President.

237,217 85

Total Assets, Dec. 31, 1877
$33,S30,655 77
Total Liabilities, including reserve
for re-ineurance of all existing policies...
27,3.30,65100
Total Undivided Surplus
i'',2U0,0Bl 7T
Of which belongs (as estimated) to
Policies in general class
3,610,033 77
Of which belongs (as estimated) to

J.

EDWARD MARTIN,

OSGOOD,

.

$32,477 991
Intercitand Rents due and accrued.
391,474
Premiums due and in process of col"9,418
lection
Deferred Premiums
678.860

:

MORRIS FRANKLIN,
J. F. SEYMOUR,
HENRY BOWERS,
WM. II. APPLETON,
WILLIAM H. BEERS,

00

1,106340 52
103,751 74

G.W.PHILLIPS,.

TRUSTEES

A.

$20,156,689.

1,958,206

Acc't of Pre-

Premium on Qold on hand

1876

6,256,744 94
5,829,413 47

3,238,068 91

(since received)

»6,OO0,O0O

POLICIES

York
Loans secured by United State-', and
State and Municipal Bonds & Stocks
authorized by the Laws of the State
of New York
Cash on hand, in banks and other depositaries on interest and in transit

Due from Agents ou
miums.

the undivided surplus of $3,064,141 49, the Board of Trustees has declared a revenionary diviavailable on settlement of next annual preminm to particij^ating policies proportionate to their
contribution to surplus.
6,597

and purch.ised under foreclosure...
United Statet Stocks
Stata Stocks, and Stocks authorized
by the Laws of the State of New

Commuted Commissions

From

DURING THE YEAR,

$3 .',47 7,991 87

31, 1877...

Bonds and Mortgages
$13,7J3,218 44
Real Estate in New York and Boston,

37
97

dend

Number of policies in force Jan.
Number of policies In force Jan
Number of policies in force Jan.
Amount at risk Jan. 1, 18f6
Amount a risk Jan. 1, 18^7
Amount at risk Jan. 1, 1878

95,199 65

Net Cash Assets, Dec.

1, 1878
/05.«tf.«, awaiting proof, &c
Jieierved f^r re-insurance on existing policies; participating insurance at 4 per cent., Carlisle, n^t premium; on-participating at
31,022,405 99
5 per cent.. Carlisle, net premium
Reserved for contingent liabilities to Tontine Dividend Fund, over
and above a 4 per cnt. reserve on existing policies of that class
792,302 22
Reserved for premiums paid in advance
17,430 91-

Surplus, estimated by the
at 4 1-2 per cent., over

fi52,042 11

23

$348,069 48
112,897 84

J?e^ried

469.908 87

Expenses and Extinguishment of future
Commissions
State,
County and
City Taxes

69

.

due subsequent to Jan.

7,000 00

sions

APPROPRIATED AS FOLLOWS:
Abutted lost't,

$a,-/34,276 76

Dividend on Capital..
Agencies and Commis-

ASSETS.

w^^,,.,
Medical

of Agencies.

Ewmmers.

Ti.^»,r,in«r<.

Special

Committee of the Board of Directors.

JAMES W. ALEX.VNDER, Vice-President.
SAMUEL BORROWK, Secretory.
B.

W. SCOTT,

Superintendent of Agencies.

return
HUNT'S MERCHANTS' MAGAZINE,
REPRESENTING THE INDUSTRIAL AND COMMERCIAL INTERESTS OF THE UNITED STATES.
vol.

SATURDAY, FEBliUARY

2G.

CONTENTS
aPope

EnglishNews
and

1S2

Commercial

Public »«. Private Engraving aad
153
Printing

Uiacellaneous

News

THE BANKEKS' GAZETTE.
Honey Market, U.

Secnritlea,

S.

I

Baltway Stocks, Gold Market,
Foreign Exchange, N. Y. City
160
Baaka, National Banks, etc

i

|

any interruption of interest upon the loans
by
Hartford was experienced; and it is now
157
peculiarly
interesting
to be informed, in an official way,
UB
just what has been the experience of the companies with
163
Western loans.

Quotations of Stocks and Bonds.
Investments, and State, City and
164
Corporation Finances

|

THE COMMERCIAL TIMES.
leriDry Goods
Imports and Exports

Cotamerdal Epitome
Ootton
Bnaditnils

178
173

1«7
172

FinanciaIj Chronicle it issued on Saturday morning, with the latest news up to midnight of Friday.

TERMS OF SUBSCRIPTION-PAYABLE

IN

For One Year, (including postage)
For Six .Months
Annual snbscri ptlon In London (Including postage)
do
do
Sixmos.
do
Subscriptions will be continned UTitil ordered stopped by a

ADVANCE:
$10

20.

1

58.
68.

vjritten order, or
publication office. The Pabli^hers cannot be responsible for Remittances
anleee made by Drafts or Post-Ofhce Mont-y Orders.

The report before us passes rather slightly the matter
of municipal bonds, saying i^imply that " the Connecticut companies have been in general quite fortunate in

pay
for any reason are

down

AdvertlsementR.

DANA

I

(V A neat flle^:over
Volumes bound

Is furnished at 50 cents
for subscribers at $1 .V).

;

NEW

postage on the same

is 18

CoxxKnciAi. and Finakoial CnEOHiCLK—
July, ISU, to data— or o( Hunt's Mkbcbants' Magazine, :8;)9 to 1871, Inquire
For a compiite

set of the

at the office.

The

WESTERN INVESTMENTS AND LIFE INSDRANCE.
special coramiasion appointed, a year ago, by the

Legislature of Connecticut to investigate the life insurance companies of that State all locateci in Hartford

—

have just made their report, which has several features
of peculiar interest at the present time. After an examination which they affirm has been rigid and exhaustive,
they report the six companies not now in trouble as
thoroughly sound and entitled to entire confidence. The
original insurance act of this State, date

1853, while
permitting investment in any stocks issued under the
laws of the State and at par in this city at time of pur-

Those which

a

have failed

h'lve failed, or

in question, the investigators

" marked

and they found that,
with a few unimportant exceptions, the compan'es themselves had valued them correctly.
Upon real estate
securities they are

more minute.

explains itself at

a

glance, the

The following t
Dec

date bein

;

ble
31,

1876:
yame

Jfo. of
Morlgadt

qf Company.

^tna
CharterOak
Connecticut Mutual
CoDnecticnt General
Continental
Hartford Life and Annuity
Pha!nix
Travelers"

Total

Adding
and

as

Loan*.

Aggregate
amount.

Average
amount.

5,791

t»,743,C07

$I,68»

343

5.831,670

15,390

1,8G0

27,815,889

14,SC4

16S

B68,J03

8.693

110

621,710

7,470

163

763,746

4,991

«,S85

6,195,955

»,ni

603

a,239,r27

3,683

11,403

$53,480,760

$4,690

the real estate owned, the total

about 50 millions

—are invested

—about

is

$61,5V5,825;

one-half the entire

West, the examiners devoted
their attention most particularly to the matter of WestHaving caused examinations and
ern mortgages.
appraisals to be made, as tests, of a large amount of
propertv, includin ; loans which have been considered
doubtful, they became satisfied that the farm loans are
good, as a rule, having been made on improved lands,
on a margin of at least 50 per cent, buildings excluded.
As the companies, exclusive of the Charter Oak, have
about 11 millions loaned in Chicago, and as values
there have been as largely inflated, and consequently
have suffere 1 as much shrinkage, as anywhere, the commission deemed it safe to take I hat city as the test,
assets

CIT* The Bnainess Department of the Chronicls Is represented among
FlnaacUl Interesu In New York City by Mr. Fred. W. Jonea.

very few of the

to their true market value,"

office of

Transient advertisements are Dublishud at 45 cents per line for each insertisn,
but when definite orders are frivi-n for five, or more, insertions, a liberal discount la made. No promise of continuous publication in the best place can be
fflven. as all advertisers must have equal opportunities.
Special Notices in
lUnking and Financial column 60 cents per line, each Insertion.
mtVLitM B. DAMA,
WILLIAM B.
& 00., Publishers,
79 <c 81 William Street,
yoHH e. luoiv, m. f
YORE.
Post OrricE Box 4,592.

;

interest promptly."

Offlcn.

the Chrosiclk is at No. 5 Austin Friars, Old Broad
Street, where subscriptions will be taken at the prices above named.

^F~

there

6 10.

£2

\-Mt (hi

oefita.

scarcely

made

to

^i)i €i)xonicit.

London

fire

this class of investments

Thk CoAmercial and

The London

Admirers of Chicago were fond

of saying, as a proof of that city's vitality, that after the

Prodnction and Movement of the
15B
Precinns Metals
Latest Monetary and Commercial

In-

•otanc«
151
Papal Conclaves— The Election of

NO. 660.

1878.

in respect to interest.

THB CHRONICLK.
Weitern Inveitments and Life

Hi,

in the

The
although they also visited sevcr.il other cities.
Connecticut Mutual has loaned <~nly on city property;
chase, prohibited investments outside the State, except the xKtna, only ou improved farms; ilie other companies
by mortgage upon property lying within fifty miles of have loaned upon both. The result is found to be satisthis city.
Connecticut and New Jersey made no such factory on the who'e.
In some cases the properly
restriction, and the result has been that the life insurance taken in satisfaction will not repay the loans; in others,
companies of those States have been largo lenders in the it will more than do so.
The largest piece in default
West, both on mortgages and on municipal bonds, and which is mentioned is 302 acres, just within St. Louis,
have enjoyed a material advantage over companies here " perhaps the best land in the county," and, although

THE GHRONICLI

152
not

now

-worth. the loan, the

indefinilely,

and

The tendency

is

company

is

able to carry

it

[Vot..

agement of his private

XXVI.

In cannot be denied that

affairs.

much

money has been lost through
probably suffer little, if any, loss. explanation is thi-t the loans Western investments, and the
were made, in many cases, by
toward lower rates than the 8 to 10 per ignorant or reckless agent', and frequently, years aco, upon
will

cent interest contracted for; hence "mortgagers who think
the present market value not much in excess of the amount

unimproved lauds remote from setilements or railoads."

of the loan, offer the companies the option tither to

PAPAL CONCLAVES— THE ELECTION OP A POPE.

reduce the rate or to take the property." Reductions
have been made in many instances, and the examiners

In a few days, the Cardinals of the Catholic Church

assume that borrowers who have kept up payments who may happen to be
during the last three years will now make every exerticn ecclesiastical parlance is
to retain their property; in short, the examiners believe

"that our insurance companies will in the end sustain no
net loss upon real estate in the West."

They present

the

in

Rome

what

in

and proceed,

in

will meet, in

called Conclave,

accordance with prescribed rules and long-established
forms, to elect a new Pope to fill the Chair of St. Peter
rendered vacant by the death of Pius lie Ninth. While

body

occupy much of the

following interesting table, which they think will agree-

in session, that sacred

ably surprise persons who hare not examined the facts
of this subject of "Western loans:

attention of the entire civilized world; but of the doings

2fet losses

Net gains

Commenced

Total

NamR of

loaning

amount

Amount

pr perly

Company.

in the

loaned to
Jan. 1, 1877.

outstanding
Jan. 1, 1877.

taken by

property
taken by

forecloses,

foreclou'e.

$13,333,.35.3

$9,173,562

846,593

537,740

Tfest.

iEtna
1867
Conn. General... 1867
Conn. Mntual.... 1853

on

41,906,609

27,330,819

1869

779,105

434,499

Phoenix

1851

9,207,764

6,453,E38

Trarelers'

1886

2,696,595

2,816,477

Hartf. L.

& A....

sales

$

on

sales

$3,757
5,391
.

..

6,000

of

that

will

body the outside public are little likely to
their work is completed and the

know anything, until
new Pope is elected.

It is not wonderful that a large amount of ignorance
should prevail regarding the Conclave the means and

—

method by which a new Pope is manufactured. Thirtytwo years have all but elapsed since the last Pope was
elected; and, of course, during that whole period, the

A

machinery of the Conclave has not been in motion.
therefore, descriptive and explanatory of this
This, of course, is the result only as to property few words,
electoral
college,
as it may be called, will not, we trust,
actually sold, and does not touch that taken and still
interest.
be
without
Still, it is suggestive and interesting, and goes to
held.
The word Conclave is applied equally to the apartments
hint how miserably foolish the West will be
as a matin
which the Cardinals meet for the special purpose of
ter of expediency only, aside from that of honesty and
electing
a new Pope, and to the assembly itself, convened
public morality if it insists upon jeopardizing its orowing interests by rushing into the financial pit opened by fc|- that purpose. Until 1455, there was no stated place
the Bland bill, sacrificing the dollar in order to " save " for the meeting of the Cardinals in Conclave. Between
that date and 1823, the Conclave was held in the Vatican
a conjectural ten cents.
Upon the difficult subject of making valuations when Palace. Since 1S23 Papal elections have been held ia
property is depressed, the commission clearly understand the Palace of the Quirinal. The Quirinal, which is now
568,770019

Total

$46,136,936

$6,(00

$9,148

—

—

occupied by the King of Italy, will not in the present
deserves a higher rating, in the hands of a strong holder instance, at least, be at the service of the Cardinals.
and for his purposes, than if held by a weak one. Their After the death of the Pope, the custom, hitherto, has
observations are worth quoting, and to the last sentence been to allow ten days for the obsequies, and for the
the rule that, practically, a given piece of property

should be added the remark that the insurance companies arrival of the absent Cardinals. When the prescribed
have employed their own special loan agents, and that time has elapsed, the Cardinals, with their attaches or
the success of their loans has been due to the care used servants Conclavists as they are generally called proceed to one of the churches in Rome, St. Peter's or St.
in placing them:
attend the mass of the Holy Ghost.
" There ia a great diversity of opinion in regard to the safety of Sylvester's, and
Western loans. On the one hand it is claimed that the percent- Afterwards the Cardinals and the Conclavists proceed
age of loss on real estate loans in the West has been much less
than upon the same kind of loans in the East, and it ia also solemnly to the building in which the Conclave is to be held
claimed by the same parties that the percentage of loss has been and take the apartments assigned them. Each Cardinal has
smaller than upon any othe.- kind of investments in any section
On the other hand, there are many who enter- allotted to him a little chamber or cell, as it is generally
of the country.
tain exactly the opposite opinion in regard to this matter.
It is
called, for the accommodation of himself and his attendnot an easy thing, as we have discovered, to deterniius the facts
on this point, or precisely the rules which should govern in valu- ants; and over each cell is affixed the coat of arms of its

—

ing real estate owned by or mortgaged to our life ineurance companies. It is obvious to everybody that the criteria of inflation
must n t be accepted on the one hand, nor the criteria of panic
and long-continued depression on the other. It is alfo clear that
values based upon the product of forced sales ought not to be
taken as the measure of value- of property upon which there has
been no default in interest, and which may not be exposed to
No doubt that during the infliticn period
special shrinkage.
real estate sold at prices largely above its real value for
actual use, and it is just as certain that since the p^inic the depreciation has been too much, and greater perhaps than upon any
other kind of pr'porty. The sbrinkage of real estate, in a large
number of cases, has equalled the margin of fifty per cent obtained
when the loan was made. In some cases the shrinka^'e is in excess of the fifty par cent margin, and it is equally true th;,t on a
large number of loans tl;e margin now in excess of the shrinkage
It must be borne in mind
varies from ten to tbirty per cent.
that the farm loans are male upon improved lands, exclusive of
the buildings thereon, and upon a margin of fifty to seventy per
cent, and that city loans are made upon improved property upon
the same general margin. There ara several con.^iikrations wiiich
must be taken into account in determining the increase or
decrease of values; that is to say, we must discriminate between
properties and f ections that are improving, and those whicb, for
any russon, are standing still or retrograding; and we must
apply the same general common-sense rules in judging of the
present and prospective values of the reol-estq-te securiiies held
hy our insurance companies as an individual would in the man-

occupant.
is

mng

—

About three hours

for the third time,

after sunset the signal bell

and

all

persons not belonging

All the entrances except
to the Conclave are excluded.
one are then walled up; so also are the windows

except so much as
excepted entrance
Ingress
guarded

have arrived

late;

is
is
is

necessary for air and light.
closed, double-locked

and

The

strictly

permitted only to Cardinals who
is allowed only in the case

and egress

object aimed at by this arrangecommunication with the outside world.
This laudable object has not always been gained. Bolts
and bars and stone walls have failed somel'mes to accomplish their purpose; and on more thanjonc occasion the
wavering wills of the Cardinals have been determined
by influence from without. By a decree of Gregory

of serious illness.

ment

is

The

to prevent

was ordained that if the Cardinals did not come
agreement within three days, they should, for the
next five days following, be allowed only one dish at
noon and another in the evening. If at the expiratioti
X.,

it

to an

FxBBOAnv

THE CHRONICLP.

10, 1878.1

153

dinals present, as every one is reqaired to vote.
If any
one has acquired two-thirds of the ballots, the folded
water. In 1351, this regimen was greatly modified by ends are opened to see whether such Cardinal has not
If no
a decree of Clement the Sixth. The presumption is voted for himself, such a vote being disallowed.
that the Cardinal-s when in Conol.ive, for some centuries one has attained the required majority, the Conclave
past, have not been uncomfortable in the matter of diet. proceeds in the afternoon session to try the procesa
In early times, the right of electing the Bishop of called accedin;/. According to this process, each Cardinal
Rome was ves'ed in the dcrgy and people. In course may give a supplementary vote to any one who received
In this case it is comof time, however, the people ceased to take part directly votes from others than himself.
If the supplementary
in the election; and the duty of electing a Pope devolved, petent to a!iy one not to vote.

of the five dnys, they should fctill be disagreed, they
wore to be allowed thereafter only bread, wino and

with popular conseiit, on some represe tative body. It
was always claimed by the supreme secular power tha'
In thip,
the elect on was not valid without its consent.
doubtless, wo have the origin of the right conceded to
France, Spain and Austria, and claimed by Italy and
Portugal, and later by Germany, of vetoing or exclu-

ding some particular candidate.
tury the right of

election

In the eleventh cenin the Ca'dinals

was vested

By a decree of Pope Nicholas the Second, it was ordained that the right to elect a Pope should henceforth
belong to the Cardinal Bishops, and that the other Cardiclergy and the people should merely approve.
was ordained further, by a decree of Alexander the
Third, in 1179, that while the right belonged exclusive-

nals, the

It

ly to the Cardinals, the concurrence of two-thirds of the
Conclave was necessary to constitute an election, and

that the assent of the clergy and people was no longer
necessary.
At the Council of Lyons, held in 1274

nnder the auspices of Pope Gregory the Tenth, a conwas promulgated, prescribing the forms to be
observed in such elections, and ordering that they be

stitution

held in conclavi clauso, so as to shut out secular influence.

On

these three instruments rests the authority of the

Conclave; and
regulate

its

in

them are

proceedings.

to be found

all

the laws which

Originally

it

was not neces-

sary that a candidate for the Papal chair should be a
Cardinal; but

it

has gradually become the custom, and

may now be regarded as an
shall be

selected

dinal BL^hops.

choice to their

established law, that the

from the

list

of

what

Pope

are called Car-

morning, do not make
up the requisite two-thirds, the papers are burned; and
the balloting is resumed next day.
As soon as the
requisite majority is obtained, the pape's are carefully
examined to see that no one has voted twice for the same
person, and Ihat the mottoes used by the Cardinals in
the afternoon are the same as those used by them in the
morning. The recipient of the highest vote is then
declared duly elected. The newly elected Pope, if he
accepts, is then invested with the pontifical robes; the
Cardinals pay him homage; and,frcm a re-opened balcony
window, the glad announcement s made to the assembled
multitude without, that a Pope has been elected. In this
announcement is generally included the name which the
new Pope has been pleased to choose. This done, the
Conclave is ended.
It is understood that the approaching Conclave will be
held in the palace of the Vatican, and that the announcement of the election will be made to the people from the
balcony of that building. Many candidates have been
mentioned, but no one can tell who shall be the next
occupant of the traditional chair of St. Peter. How
long the Conclave will continue in session must equally
votes,

added to those taken

in the

be left to tirpe for solution. It results, from what we
have said, that we shall be justified in discrediting any
rumor which may reach us from Rome as to the proceedings of [that body, when in session. We can have
no authoritative report of the proceedings, until the

work

is

done.

In other words, the electors confine their

own

order.

It is a settled principle that

PUBLIC

yS.

PRIVATE EJiGRAVLXG

A.ND PRINTI\G.

no Pope can appoint his successor. It is also admitted
by the Church that every Cardinal has a right to be
In the hands of the House Committee on Banking and
present in Conclave, and that he is not disqualified for Currency is a bill which, if the importance of proposed
taking his place by Papal censure, suspension, interdict measares availed to regulate their treatment, would
or excommunication.
before this have engaged earnest attention. This bill
There are three ways by which a choice may be was introduced, December 5, by Mr. Potter of this State,
arrived at.
The mind of the assembled Cardinals may and, although comprising only three short sections, its
be expressed and their decision given by what in ecclesi- passage would be an enormous gain to all legitimate
astical language they call
inspiration, or compromise or interests.
It proposes to return to the old and approved
ballot.
If the Cardinals should come to a spontaneous plan of having all the work of engraving and printing
agreement, it is by inspiration and examples of such done by private contract, under advertisement for prospontaneous agreement were not uncommon in the posals, no party to execute more than a single printing
earlier years of Papal history, although there has been upon any issue of bonds or notes, but the face and the
no such example in modem times. When the Cardinals backs to bo executed separately, and the sealing and
fail to come to an agreement, and delegate to a select recording only by the Treasury Department; the Bureaa
number of their body, with or without condition?, of Engraving and Printing to be reduced to a size and
authority to choose a Pope, it is called an election by expenditure strictly commensurate with this last-named
compromise. In this manner was elected Pope Clement work, and the surplus machinery to be sold, the dies and
the Fifth. Election by ballot, however, is the method plates used for national bank notes to be returned to the
generally followed. When it is agreed to proceed by Comptroller, who is, by law, their custodian. The pasballot, each Cardinal, after morning mass, and when the sage of this excellent bill, whether at present attainable
Conclave is assembled in the chapel or balloting-room, or not, would simply restore the old plan, best in reason
deposits in a chalice, on the altar, a square piece of and thoroughly justified by experience, to which nobody
paper, so folded at the corners as to conceal the voter's dreamed of objecting until the political almshouse, known
name, but showing in the centre the came of the per- as the Bureau of Engraving and Printing, arose.
son voted for.
Three Cardinals are then appointed
This is not a new subject in these columns, because
as scrutalores, who examine the ballots in turn.
The the sense of duty will not let it rest. Although we
number of ballots must agree with the number of Car- could fill several pMges with a concise aud consistent
;

,

THE

154

caEIRONICLE

—even
—

statement of facts concerning the growth and workings
this organization, we have not the space, and must
refer the reader to previous articles, July 7 and September 22, 18'77, in the last of which we gave a detailed
sketch of the rise of the Bureau, from a merely permis"
fiive clause in the loan act of July 11, 1862, down through
the successive enlargements by which it has succeeded
in appropriating all the public work excepting the
postal and a few issues of revenue stamps. If space
were abundant, we should reprint this sketch, but we

inquired into

can only refer the reader to it.
The question offered by this bill is, whether it is wise
to perpetuate the Bureau machinery. The present
" Chief," Mr. Edward McPherson, argues to the com.
mittee that a final answer ought to be reached, and that
if the answer is now afiirmative the bank-note companies

will

of

will probably accept the result, " will cease their impor-

Bureau to

and

opment

as a necessary, organized branch of the admin-

its

Mr. McPherson's eulogy of the Bureau
is quite too florid to be sound; perfection, such as
he describes, does not take root in civil service
to day anywhere, and least of all in this country
istration."

and, without impeaching his sincerity

—

the aggregate being not exactly

known, large but indefinite amounts having been lost
or destroyed is the most dangerous, in essence, which
could be devised, and requires, as the prime condition of
reasonable safety, the highest safeguards which ingenuity can supply. What are those safeguards ? Obviously, not the probability that some one person will be
careful and incorruptib'e, but that several persons, separate and independen
will not come in'o collusion; not
,

the probability (for illustration) that one

add

independent

three
of

column

a

ones

elimiuate

will

accountant

two or

ihat

chance

all

Commercial businefs everywhere proceeds
rule, aiming to guard against dishonesty

error.

upon this
by making

but

correctly,

impossible for one to steal without getting

it

others to help him.

Originally, one bank-note

company

printed the face of notes, another the backs, a third the

proper devel- tint; the Treasury department finished by putting on

tunities

will leave the

[Vol. xrvi.

—for he

;

is

new

in

the place it goes a great ways in answer to his arguto merely remark that his salary as chief is $4,500
Between the government and the bank-note
year.
a

ment

companies the case is simply that the acts wi ich forcibly
turned all ihe circulating notes from State-bank is-ues
into one uniform currency furni hed by the government,
succeeded by the withdrawal to Washington of the
manufacture of that substituted currency, are a grievous
oppression of the companies, and much may be said
against the right of government to thjis slaughter an
industry of slow growth wliich has performed its work
Still,
so well as to command orders from other nations.
tlis
it
is
not
the
dwell
on
point,
because
do
not
we
and such is the importance of
largest one at i-sue
having the work executed in the best and safest manner
that it would be better to remedy the wrong inflicted on
the companies by an annual gift of money than to employ
them to do government work, if such employment were
;

seal.
Could precaution go further, could reason
and experience l:e better followed, could human nature
be more accurately considered and its weaknesses be
more wisely guarded than by th's simple plan ? At
Washington, on the contrary, one concern, under one set
of employes governed by one chief, all the work done
under one roof, produce the indistinguishable bits of
p iper which pass as money and bonds. Sheets may be
lost or stolen
sheets of one denomination may be substitute for those of a larger; or issues may be "unaccounted for." A joint Congressional committee in 1869
said that " the existence and redemption of a considerable number of duplicated notes and coupons" gave them
much anxiety; that "the duplications are original;"
that coupons might be finished and put out without

the red

;

1

bonds; that of the 1864 7-30s a considerable number
have been duplicated originally, " and it is impossible to

know

certainly whether these duplicates are

cent mistakes or are fraudulent"

mere inno-

—and more to the same

Every safeguard except individual honesty is
away as soon as the plan of separate printing is
abandoned, no security being possible beyond the
purport.

flung

integrity and care of the employes for the time being.

We

Next there is the objection of increased cost.
otherwise undesirable, or have not space to go into the figures in detail, but it
not ? If the question is exclusively one of undoing an wa- clearly shown that the "work done by the Bureau
admitted wrong, the cheapest way is to measure the for the year ending June 30, 1873, costing $1,365,000,
wrong and pay for it in money; if it is a question of could all have been done at contract prices in New York
otherwise undesirable.

Is

it

expediency about the work, then

it

should be decided as

for $950,000; in January, 1875, the companies offered

to do for the latter sum what cost the government the
Bureau work ? former in 1874 and '75, it was proved that the work of
Taking these, not in the order in which they are the previous four years would have cost, by contract
usually named (for the Bureau always puts the mat- prices, $1,300,000 less than was paid to support the
ter of cost first) the first objection is, that it is Bureau.
Upon the matter of cost, the Bureau has laid
conspicuously and essentially unsafe. We assume the great stress, and it has constantly presented figures
prime importance of perfect and impregnable safety which seemed to prove the superior economy of its work.
in respect to excessive, duplicate
or
surreptitious But notoriously there is no problem in business more
issues, and the care of plates, as admitte 1, for it would be diflicult than to determine how much a particular piece
idle to talk on the general subject to anybody who fails of work actually costs, charging to it its just proportion

such.

what

First,

are the objections to the

Eq ;

A

system of issue like that of
and, no note ever going out a second

to appreciate this point.

the Bank of

;

time, offers the least opportunity for irregularity; a sys-

tem of onverlible issues, frequently goint;
go to bank for payment in ci<in, stands next
'

•

or liable to
in r spect to

freedom from risk; the old American system of multiple
issues by independent State banks, nominally convei tib!e, a'though infrequently convened, stands next; the
existing system of multiple issues of bonds, of government notes not re eemable in coin, of bank notes uniform in pattera and challenging no scrutiny, of enormous paper issues under slender regulation and little

of every item of expenditure in the business; inability or

neglect to solve this problem has caused innumerable

undertakings which produce loss instead of profit, and
many a firm and corporation to insolvency.

has brought

The Bureau " makes up "

its

estimates.

For example,

it

omits to take account of rent, although it occupies a
large part of the Treasury buildings, driving other work
to other buildings,

new
plea we
ment of
for

and producing a constant pressure

construction,
cited

an instance of

the Treasury building,

ing Bureau

this

being the

April 29, 1876, which urged enlarge-

takes

up

so

"because

much room;"

it

(he

Print-

omits to charge

Fkbucart

THE

16, 1878.

CHRON^IOLIl

1.55

crowded with useless employes, who had not even room
to htand upright and sometimes slept for lack of work;
sense) of stealing
nie: t; it does not take account of waste in useli'ss that the management was incompetent and wasteful,
machiner)-, fruitless experiment^', «rorthIess patents pur- the purchases loose and extravagant, the " fibre paper"
chased, or in the process of acquiring the prettent skill of useless, and the estimates of cost deceiving; they urged
gas, having been

the habit (speaking in the legal

in

its

gas from the Treasury Depart-

which it loudly boasts; it (iocs not charge, or charge
adequattly, the cost of machinery, and all which goes
by the name of " plant " in the English corporate phra-

—probably —take

couid never be otherwise, in the nature of things,
some minor reforms, advised the
abolition of the Bureau and the return to the contract
that

it

and, while suggesting

cious purc'iases cf materials. Secretary Sherman's com-

system as the only thorough one. Mr. Sherman, however, went no further than the reduction of the force
and some other minor changes, but in September he

mittee, for example, finding on hand, last spring, large

called

seology, nor does

it

the salaries of officials;

it

fully in account

omits the waste by injudi-

for

bids for printing notes; the. companies
rery low bids, but the Bureau underbid them
Noth- by figures demonstrably below actual cost of presspartly printed and useless issues; and so on.
ing is easi r ti a t > make figures seem to sustain a given work and ink, covering this loss under the nnspecific
quantities of special sizes of paper,

now

put

useless, as » ell

in

M

i

conclusion, and the explanation of ihe Bureau's estimates

made

appropriations

s'mply that they are fallacious; this committee say that thus itself
"the effect ha- been to deceive the Secretary and tie tract with
is

became
itself, at

for

The Treasury
and then made a con-

support.

its

a bidder,

an inevitable

loss,

ing the pui'lic securities, to add largely lo their real

economy!
The improvement

cost."

made

since the committee's report,

made

the demoralization

public, and, under the pretense of

The next
must

objection

is,

economy

that the Bureau

is

in print-

management, if any has been
must necessarily be
and inevitably spasmodic and temporary, because the causes which

be, practically an instrument to debase the public

The

subject

it is

politically

work by

the execution

of

this

vastly

This

is

Why

is

the

said about the

the explanation: the one reason

Bureau

—

good;

the

Bureau

is

—

a political almshouse.

and party dependents; the Bureau is that
and thus far the determining consideration has

their personal
place,

been, "
the

Where

Bureau ?"

we put these people if we abolish
The question is itself a degrading one

shall

and a proof of the depth and virulence of the disease

Are the American people willing
enormous mischiefs, the cost, danger,
and corruption of this thing, in order to continue an
almshouse which it would be cheaper to maintain openly,
in a special marble building, if it must exist at all ?
Do
we really mean anything when we talk of political
regeneration and civil-service reform ? If we do, when
will there ever be a better time than now to begin, and
a better place to begin it ? The passage of Mr. Potter's
bill would be a victory for everything which has any
in

,

our

civil service.

to perpetuate the

I

real justification for its

own

existence.

important

a combination of private corporations,"

by simply

true ?

if all

In
the existing habit of things. Congressmen find what
they consider a necessity for having some place to stow

possible one admits

incident to

constant.

are

although it is precisely
the reason which ought to be conclusive against it is

the safest

no dispute, and it has been thoroughly
tested, 650 millions of government securities having been
printed and delivered during the 50 years ending with
1862, and 10,000 millions from the beginning of the war
to the end of 1874, all without a dollar of loss. As to
qaality of work, Mr. McPherson's eulogy of the Bureau
for its " greater artistic skill than has ever been placed
upon like issues by a contractor " may fairly be left
to stand opposed to the reputation the New York companies have won throughout the world. The point of
comparative cost has already been considered. Great
stress is laid upon that of convenience, but Mr. McPherson's plea about " exposing the government to all
the dangers, inconveniences, annoyances, and costliness

is

for the existence of the

reasons for returning to the contract system are

That

in

Bureau continued, somebody asks,

adding to Ihecnmbrousness of the governmental
maohinc and lessening its efficiency. What is there today which government does well ? What is there it does
and does not do ill ? Even the postal service could be
more effectively performed by private persons, but tliat
stands on a footing of its own, and i-; justified on other
grounds than remunerative rates.
service,

stated by reversing these objections.

for the sake of

is

met

the fact that the work was thus done
for over half a century without experiencing either loss,
danger, or inconvenience.
citing

PRODCCTIOX AND MOVEMENT OF THE PREOIODS METALS.

There still continues to be a little uncertainty each year
These considerations have been urged before. Secreas to the annual silver product of the United States,
tary Chase repeatedly declared in favor of the old sysgrowing out of the difference between the statement
tem. In 1869, Senator Edmunds' joint Congressional
issued by Mr. Valentine, of Wells, Fargo & Co., and
committee reported in favor of returning to it, after full
that prepared by Dr. Linderman, Director of the Mint.
investigation, and the Treasury report of that
year took Dr. Linderman, in his report to Congress the 1st of
the same ground; in 1874, the banks
and financial December, gave his totals for the fiscal year ending June
mea of the large cities, representing 700 millions
30, 1877, at $84,050,000, of which ^45,100,000 were gold
capital,
petitioned for
the old
system, on the and $38,950,000 silver. It is impossible to state with
score of safety. Bu', says Mr. McPhcrson,
that was any degree of accuracy how long this large rate of
long ago, before the Bureau had reached
its present production will be maintained.
A gradual increase
perfection, and " the advocates of the
bill in question may be expected in Montana and Arizona, and there
admit that the administration of the Bureau
is acceptis nothing to indicate a decrease in any bullion-proable to all and is not open to criticism
on the part of ducing State or Territory, except in the State of
any." How recently did this
become true ? The report Nevada, and that depends upon contingencies which
of a friendly committee appointed
by Mr. Sherman, con- to a great extent must be a matter of conjecture
sistmg, not of theorists nor of

editors, but of govern-

ment employes (this report dated only June 10
last an
quoted by us July 7), declared that
the Bureau was
I

only.

The

details ef

follows:

this result are

given

in

the report, as

THE CHRONICLE

156

PKODUCTION OF GOLTJ AND BILTBR in rHB UNITED STATE?,

18,000,000

Nevada

1876-7.

1875-3.

Year.

750,000

3,9-iO,O0O

4,230,000

1,500,000

2;0,OO0

1,75 ,000

2.038,000

Arizona
:

Dakota
Lake Superior

5.4i5,'00

5,075,000

350,000

5,650,000

3,000,000

4,6C0,C03

7,500 000

7,292,000

303,000

600,0^0

803,000

1,HO,000

175,(00

603,000

075,000

810,CCO

1,0.30,000

100,000
50.000

1,100,000
350,f00

1,60 \000

300,000

2.oco,o:o

1,000,COO

2,000,000

300,000

830,000

500,5)0

60,000

50,000

75,(jOO

103,000

100,030

150,030

230,0 ;fl

Virginia

100,000

SS,00

loo.coo

150,000

60,CO0

313,0(0

25,000

Net Product of the tji.itr-d States and Territories
west of the Missouri River.

incluijing
British

3,900,0(0

Utah

New Mexico

Products,

Total,

Colnmbia
and

$1,000,000 $16,000,000 $18,077,500
41,725,000
44,0CO,Oi3O
26,000,000

$15,000,000

fftlifomift

1876-1.

Total,

SUver.

Gold.

State or Territory.

[Vol. XXVI,

Gold.

Mexico.

Lead.

Sliver.

1870

$54,000,000

$1,080,000

$n,320,000

1871

58,S84,0(K)
fi2,236,951

2,'-'5

2,100,0;)0
1,000

19,9;4,429

3,450,CO0
3.800
;o
5 100,000
5,040 000

a7,4-"3,3(>2

5,083,S5'3

1872
1873
1874
1875
1678
1877

72,23-1,(193

74,401,045
80,889,057
90.8r5,i;3
98,451,754

...

It is surprising to find

',000
34,39.-i.00n

$5\150,000

:8,109,895
89,200,65^

eo,351,8-.'4

39,699,122
3;, 6 5.239

38,4li6,488

71,9 5,610
7 703 433

F9,'J93,924

42,8*16,935

h.'r.il9,i-!i9

43.840.109

44,830,223

93,811.582

19,S8fi.O0O

how widely

that the production of silver

is

grown the

55, 84,000

70.139.8iiO

3),968,'94

the error prevails

and has been

limitless,

Out of

within a few years indefinitely extended.
idea, perhaps, has

Total.

$33,75

this

false impression that the
is due to the flood
This error is one of
leads to the adoption of

the market value of that metal

fall in

pouring out of our silver mines.
81,030,000

33,950,000

45,100,000

The foregoing statement, it will be

seen,

85,3-)0,000

much importance, because

for the fiscal

is

it

inadequate and delusive measures of

For instance,

relief.

year closing with June 30, and is now the only compila- some of the advocates of the Bland silver bill favor it,
Bringing forward, there- under the claim that it will raise the price of silver by
tion made by the Government.
When they
fore, our usual table of the production of the precious making a market for the surplus production.
metals since 1860, and adding to it the figures for this learn, therefore, that there is, through the demonetizayear,

we have
Gold.

Tear.

the following result

Silver.

Total,

$

s

tion of silver in Europe, an

:

Tear.

Gold.

Silver.

t

s

I860..

46,000,000]

150,000 46,150,000

1869.

49,500,000

i3,ooo,oro

62,600,000

1861..

43,000,000

2,000,000 45,000,000

1870.

50,000,000

16,000,000

66,000,000

1882..

39,200.000

4,500,000 43,700,000

1871..

43,500,000

22,000,001

66,600,000

1863..

40,000,00o|

8,500,000 48,500,000

1872..

36,000,000

26,750,000

61,750,000

1864..

46,100,000 11,000,000 67,100,000

1873.

86.000,000

85,750,000

71,750,000

1865..

1S74.

42,177,092

30,251,114

72,428,200

1866.

B3,225,00OJ 11,250,000 64,475,000
53,500,000 10,000,000 63,500,000

1875.

42,000,000

35,703,41

77,703,413

1867..

51,725,000 13,500,000 65,225,000

1876.

1868..

48,000,0001 12,000,000 90,000,000

lbT7..

45.850.000 88,5O0,O0C
45,100 O.JU 38,y50,0.0

t

$

Total,

Total since 1300

85,350,000
S1,uiU,000

Mr. Valentine, of Wells, Fargo

&

much

attention.

—

;

;

STATEMEST OP TH

AMOU.ST OP PRECIOUS METALS PRODDCED IN THE STATES
AND TERlllTCIRIES WEST OP THE MIS.SODRI RIVER, INCLDDISO MEXICO AND
BRITISH COLUMBIA, DURING THE YEAH 187i.

Kevada
Oregou
Washington. ,.
Idaho

$14,512,123
46.'.666
993.331

$725,606

Montana
Utah

1,814.214
91 109

181,4 1
9,110

Colorado
New Mexico..
Arizona

.3,151,2^7

Dakota
Mexico
Brit. Columbia

950,013
7^,144

550,000

1,16>..'27

"l"i;«53

$24,671,400

$1,85),981

81,630
1

$l.-:02.75t

44 3;0,044

i,i-;o,iiio

e3,>4

Gold coin...
Gold bullion
Total geld

Total
Exported.

$632,314,165

$56,143,300

$6<8,4'7,7!6 $180;2

217,112,606

867,103
$50,510,31)3

J349,40;,C7:

2r, 479,700

a

1,

il

$53f ,226,118
191,201,236

',2 5, ,73

$905,91 .•,434 $203, 187,' 60 $702,430,354

4-.986,583

9 ',997 266

l:7,9'-?,?4P

1C9.217,60J

S8.;66,?44

£00,692,621

1.265,719

201.948,510

ll.fsr.sil

190,36 ',169

S2H-,6T9,404

$93,232,986

8)39 932,.389 $120,804,9)6

219,127,<48

.

Silver bullion

Total silver

Total
Exports,
Imported. lesBlmpt'a.

Foreign.

202,295
43'i,277

1,439,9B1
3,157,811

73 810
50« 549

2.867

$1,731,3-6
6,597 53U

318,499
160,1 on
6.5T3,575
1, '64,411
••

3,490

l,7.'i9,206

340,212

$18,174,716
^' '-",290

» 9,i91,209

year ended that date, and fixed the amount at $181,678,000, of

which $30,113,000 were

silver.

Taking the above amount as a basis for an estimate of the
stock in this country, June 30, 1877, we have
:

Amount of gold coin and bullion on hand .Tune30, 1876
Add the product of the mines during the past fiscal year, about.
Importations

ToUI

;

And probable amount

amount

$'6,590,374
2,.500,000—
used in the arts and manufactures

of gold coin

The eslimalcd amount
was
Adding the production

02 S226
832 .495

Gives

$1J1,56J,C00
44,000,000
26,245,604
$2)1,810,«04

Deduct expnrtations

Importations

644,!
,912
113,7
,765

.

..

191, 97

——
and bullion

in the country

of silver coin and bullion
oi'

Jans

30,

Deduct oxp-irtations

Juue

30,

1876,

$30,113,000
38,000,000

the past fiscal year

And probable amount used in the arts and mannfactures

29.090,374

$192,720,230

14,486,991

$83,599,931
$29,464,3''3

,„,„,,
3,(00,003— 82,404,363

,549
,913,?

3 9,C
,0
383 (,22
(

9!
190

,432,'

,771,

*62,6'^0,2I4

COIN AND BULLION STATISTICS.
made the following estimate of the
stock of gold and silver coin and bullion in the United
States June 30, 1876, based upon the estimate of the
previous year, domestic production, and difference between importation and exportation during the fiscal
Dr. Linderman

as the
1877.

,o;o
,500,(

"l0.bi636

'3
81,096,086,475 fl<9,7i:3,34K $1, '5,849 '-£ |.S2 ),293,02li $9-n,g57,:!;7

Leaves a net balance of

Gold Dust Odd Dust
Silver
Ores and
and
aud Bullion
Bullion
Base Bullion
Bullion
by other
by express. convey 'ces. by express. by freight.

198 068
8.:K4
171,091

Total

ExDorted.

silver ...

M

California

:

:

"Our annual statement of precious metals produced in the
States and Territories we t of the
ssouri River, inc uiing
British Columbia and the west coast of Mexico, during 1877,
shows an aggregate yield of $98,431,75!, being an excess of
$7,54 ',581 over 1876 the greatest previous annual yield in the
history of the country. Arizona, Colorado, Idaho, Nevada, New
Mexico, Oregon, Utah and Washington increase; British Columbia, Californin, Mexico and Montana decrease
but it is possible
the falling off in Montnna is more apparent than real. In our
statement for 1876 Dakota (Black Hil's) was not mentioned.
It
appears herein credited with $1,500,000 gold but the estimate is
uncertain, as $950,000 is the total amount carried out by all
express companies and mail. The amount named as car.ied by
other conveyances is conjecture. If the Corastock mines yield as
much in 1878 as during the present year, the aggn gate product
of silver and gold will apnroximate one hundred millions of
dolla B.

states ard

as follows

Total gold and

1877, Mr. Valentine's report has the following

Territories.

totals of the large table

SUver coin

used in the compilation of his statement his figures

For

service,

The

Co., issues figures

for the calendar year, and from his position and the care
receive

must be an international one.
below give the result of
an export of domestic and foreign gold and silver since
1860 of $1,245,-49,723, and an import of $324,292,026,

any

811,877.092 328,804,527 1140,681.619

This indicates a total production of the mines of the
United States since .January 1, 1S60, of $811,877,092
gold and ^328,804,52 7 silver.

accumulated supply threat

ening that market compared with which this surplus is
as nothing, they begin to see that the origin of the evil
js not in over-production, and that the remedy, to be of

Leaves a net balance of

$60,135,tii8

as the stock of silver coin and bullion In the country June 30,
1877, of a total of gold aud silver of $342,855,858, and an increase for the year of $61,177,858.

$93,431,-54

—We

"In our statement for 1876 the amounts credited to British
Columbia and west coast of Mexico were inadvertently carried
into the totals credited to tlie United States. Deducting amounts
from the sources named, the re.^ulls are as follows:

notice the withdrawal of Mr. George F. Stone from the
firm of Trask & Stone. The remaining members have formed a
copartnership under the firm name of Trask & Fraccis, and will
continue the business as heretofore at their old offices. No. 7

New

street.

Febuitart

THE

16, 1878.]

OHllONIOI.R

Ntmi

Coteet fHonetarg anft Commercial (Suglisl)

157

whole the market has been exceedingly quiet, and the qaot«tioDi
now as under

are

Percent.

BVOHANOB ,IT lOWDON AND Oy LONDON
AT L.ITEST DATES.

Rl'rB<IWP

XUBANGB AT LONDONFEBRUARY

n>nk rate

S

0,en-marketrates:
JOandeOdATs'
diy» bills
Smonths'blllB

1)<'®1>(

Open-market rates
Per ceni
4 month*' bank bllli
IMAIX
5 months' bank bills
IN9IX
4 and i months' trade bills, i o>X

IX^IXi

rates of interest now allowed by the
banks and discount houses for deposits:

The following are the

RXCHANOB

Joint stock

I.

Percent.

Amsterdim
hort.
Auivturdam... 3montbi).

12.11^ai2.2',i

.

P»rl«
Paris

Vienna
B«rUn
Frank tort

IIMB.

Feb.

1.

short

Feb."l.
Feb. 1.
Fab. 1.

3 mos.

Feb.
Feb.
Feb.

1.

3 mos.

Jan.

35.

H.3«®1MK

Aulwcrp.......

Hamburg

tATBST
DATI,

M.SS

i05l
short.
15.15
3 mootht!. J5.30
05

I^S5 35

a

511.10

t0.6t
i0.St

a^.58

a35.»
S)0..^8

St. Peterabarg

stoTK banks
DiscoUDt houses at call
Oiscouut houses with 7 days* notice
Discouut houses with 14 days' notice
.loint

35 is
20 3 J

• *

25 18
118

*»

f.O

the average quotation for English wheat, the price of Middling

SO. 39

1.
'*

80 :9

1.

Upland

'MX

Uabon

90 days.

Milan
Oanoa,
Nanlea
Madrid

1

SIXaSi

months. «7.7JJ<(a27.77M
37.72 V4a*7.77X
i7.7lHair.77H

47h5(7X

New York....
Blode.Tanclic
Peraambuco..
Bomoay

previous years
Feb."
Jan.

Feb.

Valparaiso
HO days.

;».811-!6<J.

is.Stl-IM.

CalcQtU.
Hong Kung...
SlUEghai

Mule twist, fair second quality, and
House return, compared with the fonr

cotton, of No. 40'8

the Bankora' Clearing

....

Oadlx

..IS

Ihe Clearing-house returns for the 28 days ended January 80
amounted to £380,470,000, against £397,209,000 last year.
Annexed is a statement showing the present position of the
Bink of England, the Bank rate of discount, the price of Consols,

12.13

short.

1

1

.....IK

1.

21.
1.

Jan.

4.

Dec.
Dec.
Jan.
Jan.
Jan.
Jan.

27.
29.
.'.1.

short.

27. ;5

3 mos.
CO doys.
90 days.

48 ••39
^.^3
:4=i^

•*

»4«
41K®'fl«

**

gmos.

3l>.

2fl.

26.

bank post

!».

.t

9

l-16(i.

Ic. 9(1.

"

3*.

.1

£
26,005,9.31
6,C81,li 9

bills

ia.Siid.

187J.

£

£

£

27,692,885

4.220,734
18.2»l,250
13.569,597
17,832,433

27,165,990
5,126.610
18,402.766
18,«87,3J4
17,703,170

27,310,871
3,679,555

35,146,2)3
16,367,876
17,783,917

2.5,134,425

9,819,520

io,i';9,ri

14.057,356

12,981,690

21,320,025

22,355,431

26,650,211

34,8e8,88&

Public ilcposits
other deposits
17,719.293
Govc-rumeut eccoritics. 13,897.455

Other securiiiej
1B,9S1,3S3
Reserve of notes and
coin

1877.

£
26,.370,t,05

11,253,259

Coin & bullion in both
departments ...... 3 !,303,025
Proportion of reserve

U^id.

1876.

1873.

1571.

Circnlatlon— eTclnding

4,8i7,I<i5

16,;02,509
17.873.867

41-65

to liabilities

[From onr own correspondent ]

The

directora of

London, Saturdav, February 2, 1878.
the Bank of England have this week decided

upon reducing their minimum rate of diecount to 2 per cent. For
Boma time past the open market has been working very considerably under the Bank of England, and it was clear that the only
objection to a reduction in the official quotation would arise out
As regards the supply of mercantile paper,
of political causes.
the complaints of scarcity are still very great, and, in the present
condition of our trade, there is certainly no prospect of any

immediate increase. The political situation is too grave to admit
of merchants extending their trade, the most judicious policy for
the country to pursue being still a waiting one.
Financial
schemes are almost altogether in abeyance, and it is, of course,
impossible for any loan, except it be ol domestic or colonial
Interest, and, in addition, of a very sound character, to be introduced with success. There seems, in fact, to be a disposition to
do as little as possible. The credit given by wholesale to retail
houses has, for some lime past, been much curtailed, and, consequently, there is very little present hope of the trade of the
country becoming inflated. This is, undoubtedly, a satisfactory
state of things, because,

if

it

curtails trade, there is

much

less

and those who are sufleriog now are those who have hitherto enjoyed more credit than was judicious.
The banks have
lately become very particular, and one result has been that, in

risk,

of a dimiiiislied business, the net profits,
paucity of bad deb:s, show an increase over 1876.
tion of things having been established, it is more
that no inclination will be shown for some lime to
ipite

owing to the
Such a condicome

to relax

the measures which have been adopted. If the banks and digcount houses find that it pays to be cautious, if merchants discover that the same sort of policy ia profitible, and if the general
public have, by this time, arrived at the conclusion that to prac-

economy and thrift is not only easy but remunerative, the
country at large will be slow to depart from a policy which has
certainly accomplished great things.
Certain interests will
necessarily suffer; but. taken as a whole, the position is a satis.
factory one, and is one also calculated to promote confidence and
to lead to a healthy development of our commerce, as soon as the
Eastern difficulty has been brought to a favorable issue.

tice

Tlie supply of gold held

by the Bank continues to increase.
exceed the imports into the country but
gold has bi>en returning of late in considerable quantities from

The exports from

still

;

provincial circulation,

and the total supply of gold in the Bank,
commenct-ment of the year was £34,380,794, U now
£34,868,833, showing an increase of about half a million sterling.
The reserve hag increased from £13,053,014 to £i2.9Sl,600 and
the proportion of reserve to liabilities from about 40 to
44J per
cent. " Other securities, " which on the 9ih of January amounted
to £17,635,900. are now £17,873,307, showing a slight
increase.
The total at the commencement of the year was £30,511,344; but
that total n-as due to temporary loans at the close of
the year,
which form no basis for comparison.
There has during the week been a Utile extra demand lor
money, arising out ot the Stock Exchange settlement; but as a

which

Bank-rate
Consols

3X

Endish wheat.av.prico

4 p.

3 p.'c!

Miii

9i«

94«

638. 9d.

438. Od.

44s. 2d.
6 13-ied.

Mid. ITpland coiton...
7Xd.
No. 40V mule lwl8t,fair
2dquality
Is. Od.
Clearing House return 136,258,000
.

6«d.

3

c.

P- e.

at the

;

2 p. c.

p.'c".

35!^
133. ad.
6]id.

95«
61s. !0d.

6!4d.

lOUd.

llXd.

49,820,OCO 125,140,000 103,786,000

77,2C8,000

1".

llHd.

Gold has been in moderate demand for exportation, and a few
have been withdrawn from the Bank but the supply
held by that institution is still increasing, owing to the diminishing home requirements for coin. The silver market has been
lirm.
The prospect of a largely-diminished export from the
United States has tended to raise prices but any important
upward movement has been checked by the limited demand on
Indian account. There has, however, been some inquiry from
Spain. The following prices of bullion are from Messrs. Pixley
parcels

;

;

&

Abell's circular:
eoLD.

d.

Bar Gold, fine

per oz. standard.
per oz. standard.
per oz., nominal.
per oz.
peroz.
peroz.

Bar Gold, rellnable
Spanish Doubloons
South American Doubloons
United States Gold Coin

Germau

i^uldcoin
SII.VEB.

Bar Silver, Are
Bar Silver. con'ngSgrs. Gold
Mexic»n Del ars
Spanii'h Dcllars (Caroius)

Five Franc Pieces

77
77
74
73
76
76

d.

....

iijia

....

3
9

(» ....

@

3)4®
3>ia

....
....
....

d.

® 54
® 54X
a ....
®

53^
SIX
62X

peroz.

-

s.

9W®

d.

per oz., nearest.
ptr oz., nearest.
per cz., last price.
per oz.

£7 5s. Discount, 3 per cent.
following are the current rates of discount at the leading
Quicksilver,

The
cities

abroad
Bank Open

Bank Open
rate.

mark't.

rate,
p. e.

p. c.

than probable

-

Pans
Am*teidam

IX

Porlin

...

Hamburg

....

Frankfort
Leipzig

Genoa

3
4
4
4
4

5
3

2«
2'/4

Vienna and Trieste. ..
Madrid.Cadiz and Barcelona

Lisbrnand Oporto
2V®-i!4

Petersburg
Now York.
St.

Cslcntta

mark't.
p. c.

4X 4V®4M
6
6
6
...

6®7
5

4H
iXul

6

Copenhagen
5X®6 6X^6
»X
The delay occasioned in making public the terms of an armistice, and the uncertainties that have existed with regard to a
Brussels

....

3H

localization of the war,

have materially checked business on the

Stock Exchange; but the public have been sanguine about the
future and prices have had an upward tendency, Russian stocks

have risen in value, the 1878 loan having been dealt in at 85^
which is an improvement of more than 15 per cent compared
with the lowest point of last year. It is regarded as doubtful,
however, if that quotation will be maintained when the financial
situation can be more calmly looked into, and when the Russian

As regards
Government shall ask of Europe a large loan.
American stock,^, a dull tone prevailed when it became known
that the House of Representatives had passed the Silver bill; but
as there is no belief in the United States Government departing
from their present reputation of paying the national obligations
has been a tietter feeling, and the market dosM
with steadiness.
Another week has elapsed, and the signing of an armistice is
The
still only a report, on which no reliance can be placed.
Sultan has, we are told, begged of the Czar to bring the war to a
speedy termination, and end the appalling suffering which now
in coin, there

exists; but the

Russian Government shows no sign of alleviating

THE CHEONICLK

15S

the great distress which prevails. Loud as was a section of the
Liberal party in condemning tlie Bulgarian atrocities, not a word
IB uttered by them against Russian procrastination, which is pro.
ducing the greatest misery that can be imagined. Were Turkey
not crushed, the case would be different, but Turkey in Europe

now

pretty well an extinct power,

and there is certainly no
need for so much shuffling diplomacy to aain a few military
advantages over a people who are beaten, and who have no power
ia

make

or inclination to

The month's delay

further resistance.

in

arranging the broad terms of a settlement has produced great
suffering, and lias also compelled Europe to regard Russia with a
great deal of suspicion. There appears, however, to be no doubt

Government demand for a credit of £6,000,000 will be
sanctioned by a large Parliamentary m8Jority,„8ome say of 120.

that the

The Mancluster Guardian Ba.ja that the new Swiss tariff, which
received the approval of the Federal Council on the 13th ult.,
raises the import duties upon most descriptions of cotton fabrics.

The change

will probably affect the manufactures of Alsace

more

powers

is obviously favorable to the ambitious pretensions
of Rusbut at the same time there is the risk of serious danger to

sia,

the whole of Europe.

The state of Europe is, in fact, deplorable,
and divided councils will not Improbably bring about eventually
a catastrophrt unless [the present reticence gives place at once to
open and reasonable diplomacy. Doubtful as the future may be,
it is quite fair to conclude that the pursuance
of a cautious poli-

cy in the wheat trade is still the best cour.«e to pursue. With
the return of peace our prospective supplies would be very largely
augmented, and the probability is that with fair average harvest
prospects, present prices would not be maintained.
Tbe following figures show the imports and exports of tereal

produce into and from the United Kingdom since harvest, viz.
from the 1st of September to the close of last week, compared
with the corresponding periods in the three previous years:
IHPOBTB.
nr^.,.,

will be of interest to English

2""
E«»"

this country, but

it

know

readers to

Per ino

.

Old
yarn,
yarn,
yarn,
yarn,

grey..
bli'ached

Muslins
colored goods

..

Prints
Velvets, damaslcs, piques,

In this connection

it

ifcc

may

rate.

The

6,!33,756

12,086,4:J4

4,678,060
670.181
1,829,76!
14,:K8.109

3,431,505

2,518,7t;8

8-!f.,058

Peas

..

..

6
8

7

..

8

7
J

to 16

16
4 to 18
16
16
4 to 16

'.'.

10

..

30

.
15
15 to 80
£0
35
;;
..
80

be worth while to state that Austrian
now beln£ oflTered in Manchester

trade lor wheat during the

and

yiie»t
Barley

Francs.

New

week has been exceedingly

the absence of any desire on the part either of
buyers or sellers to operate, the amount of business transacted
has been small, that is to say, it has been restricted to actual
in

cwl.

86S,72J

1876-6.
26,717.349
4,751, S49

1874-5.
le,816,.S68

7,3S1,S63
4,019,487
877,862
1,033,636
6,318,74*
3,299,756

4,.Vi«,3i9

710.009
1.604,364
8,778,785
8,644,389

These, of course, are not small, but buyers evince
accumulate a stock, while, on the other hand,
holders are, perhaps, somewhat more inclined to realize. This,

no disposition
in fact,

to

the state of the trade, not only in this country, but
throughout the greater part of the world. Doubtful and per-

Beans
Indian Corn
Slonr

not too

is

the political situation,

much

it is yet somewliat sanguinely,
believed that in spite of diplomatic delays,

so,

which experience of Russian diplomacy might lead the country to
is not far distant.
The powers at present neutral
are by no means anxious to commit themselves to a policy which
would almost inevitably lead to a conflagration in Europe, and
this is one reason why a hope of peace is entertained. At the
same time, Russian silence and the interests of the neutral
powers seem in variance, and are a well-grounded cause for the
anxieties and perplexities which prevail. Again, peace seems

141,397

1S,5S0
15.470

96,618
11,678
116,S2J
10,277
4.751

2S!,n4

14,:j08

17,010

9,3'Jl

32 836
33,158

64.(i2l

146,677
51,020
10,946
!,043

During the week ended January 26, the sales of English
wheat in the 150 principal markets of England and Wales
amounted to 44,186 quarters, against 43,458 quarters last year:
while in the whole kingdom it is estimated that they were
nearly 177,000 quarters, against 174,000 quarters. Since harvest,
the deliveries in the 150 principal markets have reached a total
of 977,442 quarters, against 1,072,331 quarters; and in the whole

kingdom

it is computed that they have been 3,000,000 quarters,
against 4,296,000 quarters in the corresponding period of last
year.
Without reckoning the supplies furnislied ex-granary, it

is estimated that the following quaatities of wheat and flour
have been placed upon the British markets since harvest:

1877-8.

pwf

pwt
16,8I6,3«8

3,4;i;,505

2..54H,768

26,717,3)9
2,844,38)

16,913.500

19,301.000

IS.Ui.UOO

81,421,000

4%0')1.48l
910,819

37.605,673
585,163

47,!)8t,7.M

44,5)7,134
174,555

45,180.662
5>i9. lOd.

37,fl!0,505

47.877,729

Imuorls of lioar
bales of

1874-5.

cwt
15,755.905

wheat

of

1876-6.

1876-7.

55,71i;,'476

cwt

ImporU

home-grown produce

ToUl

is

plexing as

638.I-W
11,958

asi,0i7

^9,547
12,5<0
10.S96
46,850
22,097

requirements.

if

1876-7.

1,759,340

IndianCom
*10"

9"8

,

prints of excellent quality are
at very moderate prices.
quiet,

6.Hi,ril

?ef.°»--

kilos.
rate.

Francs.
4 to 7
4 to 7

grey doulWed

colured
„..],'..
goods averaging lees than 40 threads per square
millimetre
Cotton goods averaging more than 40 threads per square
millimetre

Woven

15.755,'.i05

6,70:i,12i)

BZPOBTS.

duty:

Cotton
Cotton
Cotton
Cotton
Cotton

1877-3.
CWt. 25,716,476
.

5"'f"
^'«y

the extent of this retrograde movement on the
part of a nation from which better things might have been
expected. The following table shows the new and old rates of

than those of

fVoL. XXVI.

Exports of wheat and floor
Result
Aver, price of Ene. wheat for seascn

106,1jO9

6d.

48.i.

.3.299,766

44,362,579
44s. lid.

46s. 6d.

Basllsb maricel ICnparts— Per Cable.

expect, peace

assured
of

when we bear

Turkey

has,

since

in

mind

the

that the military organization

surrender

Plevna,

and the
capture of Osman Pasha, completely broken down, and
it is thus obvious that the question of peace is not
bo much one
between Russia and Turkey, but as between Russia and Europe
in general.

Russia

may

of

complete solution
Her government makes war on small
pretexts, and a cause for further aggression may not improbably
be left for the present Czar's successor, should the opportunity
present itself. During the past week, Turkey, even through her
Sultan, has expressed a desire for a speedy termination to the
war, not only because she is powerless, but also for humanity's
sake.
Russia, however, prevaricates, and, at the same time,
pursues her milimry advantages— a policy which can scarcely
its^f

the Western powers,

to

pool for the past

the following

week have been reported by

when

—

London Money and Stock Market. The bullion in the
of England has decreased ;tl95,00(J during the week.
Sat.

Consols for money.

.

"

!15

%

1-16

1

account..
11-16
0.8.6e(5-20s) 1867...,1'!6

0.8.10-408
SsoflSSl
Newl.)iB

Tnes.

95 7-16
95 7-16

95 3-16 P5 7-16
95 3-16 95 7-16
lC«Ji
W'S
108>i
108>i
115
105
lOlX
liHhi

108J,'

108
104,^
104

108X
in5X

Win

Liverpool Ootton Marktt.

Frl.
95 ,5-16
95 5-16

95 7-16
95 7-16
lO'li

106H

XlOiJi

105J<

105

I0i%
102^

H03

— See special report of
—
Hon.

sat.
d.

d

8.

6

3
3
7

11
12
12

29
10
11
12

Wheat(K. W. spring). ycti
"
"
<Red winter).,.
"
(Av. Oal. white),. "
"
(C. White club)... "
Corn (now W. mix.) ^ quar.

11

.

Peas (Canadian)

«

6

2U
10

12
13
2!
Quarter, 36

cotton.

6

36

d.

8.

Racou(rgcl. m.)..., #cwl 29 6
39
L»rd (American).... "
*>

66

Vcwt..
"

2

8.

89
10
11
12

6

K

36

6

87
36

"

Tallow(primeCity)..» cwt. 40
"
85
Spirits turpentine

d.

2

Thnr.
8.

29
10

Frl.
d.

d.

8.

29

6

4
2

6

10
11
12
12

3

6

27
36

2

11

2
6

12
12

6

27
36

2

2
6
6

8.

55

."5

6
6

29
39
66

Wed.

d,

8.

6

81
65
89

6

s:)

9

9

d.

C6

Thar.
8.

d.

64
55

u

29
39
t8

6

Krl.
d.

8.

S5
65
89
39
S9

6

—

d.

Men.
8,

d.

7«
40
26

Tnee.
8,

d.

56

Wed.

Toar.

8. d.

8.

S3

10

10

10
11

6

Tuee.
81

:J9

10

Petroleuji(reane«)....»za!
t*piiit8)

d.

5656

s,

(fine)

8

Wed.

12
27

8:!

6b

Sat.

"

6

2i)

Q

Liverpool Produce Market.

..

7

Men.

Sat.
8.

Rosin (common).

3

27

deef (prime mess) V tc. .. $3
Pork (W't. mesa),... ¥bbl 55

fine)....

3

d.

Market. —

Liverpool Proviaiom

Caeeee(Am.

Toes.

B.

89
10

8.

»bbl

Plonr(extra8iate)

;

Germany and Austria, and especially to the latter power. The
want of harmony in this country and between the European

Thnr.

Bank

Liverpool Breadstu^s Market.

'!

to

Wed.

Men.

the war was

undertaken for benevolent purposes. It is quite possible, that
the trade in cereal produce are correct in believing in peace. The
Stock Exchange has the same opinion, but what ia to be the
endurance of tlie peace when the probability seems to be that it
will be very much of the nature of a compromise
Until the real
terms are known, the position of Europe in the future i^
extremely doubtful and it may happen that in the place of a weak
Turkey, whose chief fault was misgovernment, there will be a
formidable power, which will be a threat for niany years to come

shown in

cable, ae

summary

not, perhaps, desire a

of the Eastern difficulty.

commend

Thedaily closing quotationsin the markets of London and Liver-

10«

lOX

lOX

7X

7J<

-.ii

6

<0
25

6

40
26

6

d.

53

KM.
8.

d.

53

10

10

40
85

'-OX
7)t
40
6
25

IPX

in
6

February

THE CHRONICLE.

1878.]

16,

London Prcdue* and OU Marktti.—
Taet.
Mod
Bat.
£
Un*'dc'kc(obl).Vtr..

Unieed

£. s.
( ID
43

• d.
9 10

(Cal.) f) qnar.

*S

(1.

B

d.

')

10

y

»1

«

SS 10

C
U

cwi

»

Vfhileoll

tun. .75
"
S
.

Llii»opi1oll....w ton

6ommcicial

9

. **

U

•

7S
83
96

49

75
3S
^e

«
C

«

9 10
50

i3

S3

H5

.S5

2R 15

26 15

9

S3

R
S'i

15

2")

1874

banks....
R.-tired under act of .Tanuary 14, 1875
Total retired iii d'-r that act to c ate
Total amount of greenbacks outaUodlng.
Clrcuiadot).—
NaUona'

—

imports were f3,849,C83, ajfainn
16,933,81') the preceding week and |4,298,575 two weeks preThe exports for the week ended Feb. 13 amounted to
lons.
16,949,877, tKainat 10,434,339 last week and 17,0S3,9»3 the preions week. The exports of cotton for the week ending Feb. 13

The

Since Jja.

1

»«.601,92J
ai.iei.oas

(5,210,518
3i.i5;,3;4

(3 849,68)

(38,366,560

t3),667,792

(3I,149,1«5

$31,401,163

$1,958,119
l,8'il,!i6J

27,551.481

Feb. 12:

HKW T*BK FOB TBS WXSK.

1875.

187.1.

U.883.576

Pterloaalyrepocted....

2'M'.».4.5

»4,557,s:5
25.000,937

8!6.806,051

»J9,558,il«

Since Jan.

1

Hew

York

lor

1877.
$J,ilT;8 9

»R,949.877

23.9U,593

30,8il9.8ti0

8*M37

J37,S19,737

t;3

18*iS

will

parieon of the total 8in<?u Jan. 1,
totals for several previous years
Hnvre
Feb. 5— Sir. France
:

Amcr. gold bare..
Amer. silver burs.

$13,000
IS. 000

Pnerto Cabello ..Aaiir. gold coin..
Liverpool... . ..Amer. cilver bars.

lO.OOO
93,510

Amcr. silver bars.
Amer. silver bars.
Mex. gold coin...

77,0O;i

SoQIhampton
Total for the week
Vterloasly reported

80

(UK)

!tO,M0

1,651,446
i

ToUl since Jan.
Same time In—

1,

1878

$1,817,146

•.

Same time in—
$1,885.615

$5,4f4 227

1871

1

11870
1889
4.D5!.aia| 1S68
1P67
9,604,<,01
1,775,0431 1866

3,2113.0)0
12,2i:).33J

X87».

The imports

4.350,860

I

fc,13!<,!ri

1

9.657,651
4,0!.S313
S,7t;5.((01

of specie at this port during; the

been as follows
Feb. 5— str. City of New York. .. Liverpnol
Fob. 5— Str. Bermuda
St. Thomas

same periods have

Amer. goH
/mer. silver
Amer. cold
Amer. silver
Amer. gold

Feb.

8—BrlgEmJy

Belize

Feb.

7— Str.
7— Str.

Niagara

Havana

Foreign gold....

Aiioes

Aspinwall

Amir,

silver.

..

Gold bara
Amer. silver

Gellert

Hamburg

Feb.

8— Str.

Claribel

Port-an-Prlnce.

Foreign diver..

Total since

.Tan. 1,

Same time in—

Amer.

$2,801,86-2

Same time in—
$1,834,117

ins

4.^8.1J6

1871
1870

158.191
855.631

1869
1868

U7.m

....

1872

$S91.iri?
2,S8H,it73

1.780.410
S80.9S7
!81,6;9

181.7

252526

The

transactions for the

U follows:

.

Cnstems.
$^21000
500000

9
11

12
IS
14
15

448,000
2-2.000
S-l

Total
Balance,

,000

3I2,0U0

12,011,000

Fob

H

Balance. Feb. 15

week

at the

Sub-Treasury have been

Receipts.

Gold
$ia7,110 2J
527.041

'.5

5t;,.'»6 11

25S.965

i<8

46 ,907 80
3t,6.3l5 8J
12,431.897 46

,

,

Currency.
$341725 73
5'6,51S 08
410,777 96
636,404 61
Sl.3,-.01

71

619,777 96

Payments.
Gold.
$429,73') 40
55' •,735

43D,966
76il,9«
441,521
210,823

32
58
83
33
74

.

Cnrrear-y.
|4i8,:i8 59
1,.91.'27 44
3 .5,311 81
885,6(3 iM
St 1,276 Bti
48l,63J 74

$1,155,fl06 05 $2,811,774 20 $3,743,113 85

105,1J1,0'W 64

35,115.977 42

101,734,131 90

34,543,769 68

the Comptroller ol the Currency, Hon. John Jay Koox,
the following statement of the currency mctyements and
Treasury balances for two months past
U.S. BoniU held ai ttmrity from Nat. B'/a.—
Nov.
Dec.
Jan.
Bonds for clrcalai ion deposited
$4,768,500
$2,3Jl,iW
(l.ftTS.IO.l
Bonds for circnlui ion withdrawn
2,68'i',850
1,1.34,' 00
1.76.3,6
S4.,liiO,550

14,373,000

126,P85,9-»
3,170,490

9,806,002
32,391,400

10,0'X),000

33,424,900

10,000,000
42,733,800

certificates

re-

frac-

outstanding

846,787.550
13,988,000

We

Paclllc Railroad.— A despatch from St. Paul,
announced to-day that the purchase of the St.
Paul & Pacific Railroad from Dutch bondholders by St. Paul
and Canadian capitalists, negotiations for which have been pending for some time, is completed. The purchase includes twothirds of the bonds, which acgregate $24,000,000. The St. Paul
purchasers are Norman W. Kittson and James J. Hilt. The road
is now operated by Horace Thompson, Edmund Rice and John S.
Kennedy, as Trustees for the bondholders, who will coutinue to
manage it for a few weeks, until foreclosure is completed. 'J he
first recult of the change will be the completion ot lines to
Pembina and Alexandria, which will be built during the coming
summer; the former to connect with a road to be built by Canadian parties, to connect with the Canada Pucific, opening a route
from St. Paul to the fertile regions of Manitoba.
West Wisconsin. The sale of the property and franchises of
this company is to take place, in pursuance of the decree of foreclosure, on the 1st day of March, 1878.
take pleasure in
An American Almanac for 1878.
noticing the publication of this work by the American News
Company, Mr. A. R. Spofifjrd, the Librarian of Congrese, being
i's editor.
There is probably no man in the United States whose
location and daily business give him greater facilities for compiling such a work than Mr. Spoftord, and from the appearance
political, financial,
of the present volume, replete with statistics
commercial and general we conclude that he has fully availed
b^^lieve in statistics, and to all
himself of his opportunities.
parties who are inquiring (in a better spirit than that ol Pilate)
" what is truth," we hsariily commend this book.
The New York Life lusurance Company one of the three
great life companies of this city, and among the first of the
country publishes its annual statement in our columns to-day.
The company had a searching examination made by the Insurance Department in 1877, and received a highly commendatory
report from the Examiners. It appears from the present statement that during the ast year, pre eminent for deoression in
business, this company's net receipts were $7,(07,150, and its
total disburspment:<, including $2,431,874 dividends, &c., to policy
holders, were $5,945,149, showing a clear surplus on the year of
$1,723,007. The cash assets, January 1, 1878, amount to $34,957,250, against $32,730,888 on January 1, 1877. Messrs. Morris
Franklin and William H, Beers are the well known executive
officers of this corporation, under whose management it has grown
to its present position.
The Baoque Centrals Anversoise, of Antwerp, has, by unanimous consent of its stockholders, been thoroughly reconstructed,
and now, with a fully paid-up capital of nine million francs, is in
a condition to transact a general banking business under better
auspices tl^an ever before.
A most conservative board of directors, composed of some of the first and most influential gentlemen in commercial and financial circles, has been elected
amongst them we name Messrs. Louis C. Lemme, Nottebohm
Dhanis, of Michels Loss, Van der Becke, and Maguinay. It U
hardly necessary to mention any lurther particulars to c >mmend
this financial institution to the favorable attent on of merchants
having business dealings in the cityot Antwerp.
The success of the scheme for lundmg the securities of the
Canada Southern Railway Company having been assured by the
deposit of more than three-fourths of the outstanding bonds,
holders who have not yet converted their bonds into debenture
Cijriificates, countersigned by the Union Trust Company, are notified that it is necessary to make such conversion without further
delay, in order to secure the delivery to them of the new guaranteed bonds in the month ot March. Information furniahod
and exchange effected at the office ot the company.

I

Fanl

&

it is

—

—We

—

We

—

—

;

—

From
we have

Total held tr circulation
Bonds held as security for depo:,lts

$18,049,000

139,518,405
5,498,844

61,tJ00
lti5,0«0

4,171,C00

i

.

silver

1878

1877
1876
1878
1874

Feb.

. .

$17,2*2,000

133,970,214
8,816,896

7,821,060
947,000

—

,

7— Str.

$17,340,000

..,..;

—

,

Foreign silver..
Amer. gold
Fonign gold ....
Gild dust
Feb.

973,nO0
72,000
141,000
8,408,000

—

:

Feb.

7,887.0()0

Philadelphia
CiiicinnaU

—

$163,000

.

1877
1878
1815
187*
1873

4,'!81,CO0

Boston

3,244.000
«,2:».000
1,018.<«0
46.000
167,0
3,622,UCO

St.

ol specie from the port o)
9, 1878, and also a con1878, with the corresponding

Feb. 7— Schr. Joseph Oakca
Feb. 7— 8tr. Adnailc
Feb. 9— Str. (,'ity at New York... Liverpool
Bremea
Feb. 9-Etr. V\ eter

l,4.>!t,130

4.911,000

Feb. 12, says

show the exports
the week endini; Feb.

The following

1,41«,1.'0

XewYork

regret to learn, for the interest of holders of the Penn Avenae
bonds, Pittflbur)^, and for the credit of that city, that City Councils there, on Monday, decided, by a vote of .39 to 16, to strike out
from a pending ordinance a proposed appropriation for the payment of the current year's interest on said bonds, it hayioj: been
previously agreed between prominent representatives of the
bondholders and the city authorities that bonds of a temporary
loan would be accepted for the last year's interest. This very
liberal offer having been signally rejected by a vote of 16 to 39,
nothing is left the creditors ot that city of smirched credit but an
appeal to law, which, it is supposed, will at once follow. Mr.
Wbelen, of this city, who largely represents creditors in this
city, has been unremitting in his efloris to produce better results."

1878.

In oar report of the dry sroods trade will be found the imports
of dry goods for one week later.
The following is a statement of the exports (eicluMve of specie)
from the port of New York to foreign ports lor the week ending
EXrOBTa FROX

691331

Plttsbnrg City Bonds.— The Philadelphia Ledger says: "

tt.570.S86
29,518.279

»ortheweek

1,0;!,800
a;i,J85
310.647,690
1,432,180

demption of

1877.
12.010, T5«
2,S0J,13l

Total for the week.
PreTlouelf reported.. ..

1,745,640
a:0,340,tiSS

tional currency....

1876.
$«, 135.267
2.785.iJl

3,S3ti,l43

f6<,840

S,98S.3V
New circulation Usaod
1,3»,7tn'
Circulation retired
Total circulation oulatanding— Currency... 319.j19,59vI

Ooin

mtw tosk fob tbs wbik.

fJ,:6),79S

I.a8«,6lt

8,16'l,604

.'.3,B>>«,57«

Total

ehandise) Feb. 8:
Drygooda

n,«S8,S8S

84»,110,4U

Treasury HovtmetUt.—
Balance hi Treaaury—Coin
Currrncy
Currency held for

bales, against 11,072 bales the week before. The (ollowlnttare the imports at New York for week endinir (for dry
'goods) Feb 7. and for the week endinf; (lor general mer-

Seneial merctaandiae...

ll,780,ir7(l

8S.06«,ii«4

Miacdlaneoua

were 9,528

1815.

67,800

119«7,«H

8I9,943,77(

Chlc»K.>

total

roasisN iMroBTa at

Jsa.

llie,OM)

M),66>.7U

Gold
Notes received for redemption from—

IMPORTS A.ND EXPORTS roR THB Wbbk. The imDorts last
week showed a decrease In both dry (roo<1s and (renera)
merchandiae.

Dec.

171,600

3}l,840,Ss8

Bmk

iHts ceUaugoua Ncu3g»

aiib

Mov.

Tot>l now on depoalt, Including llquldatiDK

15

75

75
J

£

a. d.

9 10
SO

10

4i)

Bng»r(Ni).12D'ch»i<l)

onipot.
Bncrmoll

d.

C»g(U Ttndtr NoUt.—
Deposited in Treaeory under act of June 90,

rn.

Thar.
Wed.
£ a. d. £ a. d.

169

346 3 2,050
13,493,000

THE OEilONloLE

160

banker 3

€(ie
No

Natioaal

Bmks

The range

alette.

organized during

tlxe

class of

.—Range since Jao.
Lowest.

DIVIDENDS.
:

When

Per

Name op

Books Closed.

Cent. Payable

Cosipany.

(.Days inclusive.)

&

Alton, pref. und-com.

3X

Chic. Bur. & Quincy
Det. Lansng & Nor.h. pref

$4
$2

Feb. 22 to Mar. 4.
March 15 Feb. S4 lo Mar. la
20 Fdb.;i6 to Feb. 20
Feb.

March

<<

Insnrauce.

Sterling Fire

coup.
63, 1881
6*, 5-208, 1865, new.. coup.
coup.
69, 5-20S, 1867
coup.
6^, 6- -208, 1868
coup.
59, 10-408
coup.
69, funded, 1381

5

On dem.

2'4

March

48,

1TO7

63,

Currency

Tlie

.

Business is
financial situation remains essentially unchanged.
exceedingly dull and prices in the stock market generally
show a decline. The slow progress on the Silver bill is rather a
source of regret than otherwise, as business men find nothing so
hard to deal with as uncertainty. It seems to be considered in
Bome quarters that Mr. Beliuoni's letter on the silver question
has suggested an idea, which it not actually new, has not previously been made much of, and that is substantially that the
law of 1873, demonetizing silver, is in the nature of a contract
with United S atea bondholders, and as to them can not constihave previously been inclined to
tutionally be repealed.
take this view of it, and to place the matter briefly and precisely
ae the events have occurred, we would state it as follows: 1. The
United States Government, under a law of 1870, issued bonds
payable at its own choice either in gold or silver. 3. Afterward,
in 1873, the Government passed a law, after !ong discussion nnd
full deliberation, cancelling its right to pay in silver and stating
plainly that it would exercise i s option reserved by the law of
1870, and piy only in pold. 3. On the strength of tbia law,
which was a public and formal notice, to be taken in connection
with the law of 1870, United States bonds have been sold and
re-sold.
4. 'Ihe laws of 1870 and 1873 form a contract with
bondholders, and the Supreme Court of the United States must
necessarily hold that that contract cannot bo abrogated by re-monetizlng silver.
The money market continues to work easily, and call loans are
freely made at 4 per cent on Government bonds, and 4@6 per
cent on stock collaterals. Prime commercial paper sells readily
at 3 to 6 per cent, with exceptions in very choice paper as low as

—

We

4i per cent.
The Bai.k of England statement on Thursday showed a loss
of £195,000 in specie, but the percentage of reserve to liabilities
was increased to 46 13-16, from 46J the previous week, and the
discount rate was lelt unchanged at 2 per cent. The Bank of
France lost 3,800,000 francs m sp cie.
The last statement of the New York City Clearing-House
banks, issued February 9, showed a decrease of $l,i)21,13o in the
excess above their 25 per cent legal reserve, the whole of such
excess being $14,095,650, against |16,016,7V5 the previous week.
The following table shows the changes from the previous
week and a comparison witb tlie two preceding years
:

Feb.

Loans and die.

t3ll,-J':5,50ri

Specie
Chcnlation...

31,230.003

Net deposits..

810,301,700
37,3S2.300

Lejaltenders.

^

1S78.
3.

lO.'iGI.SOO

2ll09if Jan.
8:i08?i -Ian

103M Feb.
6106 Jan.
3

7;106>,' .Jan.

1

,

Coupon.

Begistered.

M,0-8,800

88.693,350
67,686,860
211,217,050
21,691,800
62,011.050
286.043 560
78,877,700
13,921,300

64,623,.512

Closing prices of securities in London have been as follows:
Feb.

Feb.

I

1.

Btill

Feb.

1063i Jan.
107}i Feb.
103J4 Feb.

Amount Feb.

.

26 3191.043,000
15
49,217,000
11
99,400,150
25
15,773,500
26 142,555.250
24 222,396.800
11 121,122.300

I

8.

I

Feb. r-Kange since Jan. 1, 1873
Lowest.
Highest.
16.

.

I

I

FRIDAY, FEBRrARY 15, 1878-5 P. Bl.
money market and Financial Situation. — The

.

7jl07)i Jan.

I

.

1878—,

1,

Highest.

1

lOJVi Feb.
1(KJ4 Jan.
105
Feb.

i)

]TIl8ceI!aneon8.
United Stales Rolling Stock.

and the amount of each
were as loUows:

coup. 103% Feb.
7 104i(.Tan.
coup. 101'. Jan. 26|l025i Jan.
reg. llSSi Jan.
8ll20Ji Jan. 16

4^8, 1891

Railroads.
Chicago

in prices since Jan. 1, 1878.
1, 1878,

bonds outstanding Feb.

past week:

Tlie following diTldends have recently been annoancad

XXVI.

[Vol.

1876.

1877.

Differences.
Feb. .0
Ftb. 12.
tai3.ii5 ,300 Inc. {1,731,800 $266,817,100 S266,5-6,7i0
32,146,900 Iiic .
916,900
35,616,600
21.601,6(10
li),6i7,lt)0 Deo.
71,800
15.635,400
17,2»3,i)00
211,711000 Inc.. 1,411,300 232,035,100 225.5f.8,500
31.8:7.0:0 Dec. 2,4*5,300
43,78d,700
47,895,800
9.

—

U. 8. 6s, 5-20S, 1867
a. 8. 58. 10-408
58 of 1881
New 454 per cents

106?-,'

]

1

!

'

IMH

I

106%

imn

sl05'/4

2
15

107if Jan. 23
1093i Jan. 26

1045i

]04«
lOlJi Jan. 30
xlOaji 'xK2J-; Feb. 15

106% Jan. 15
105% Jan. 84

lOoJi

I

wisi
105K

103%

and Railroad Bonds.— In

State

.Ian.

ICSJi

I

X105H Feb.

State bonds there

have

There
bf en sales of about $45,000 Alabama, class A, at 42i@43i.
have been sales during the week of aboat $150,000 Louisiana
The feeling
consols at 84 to 85, on a home investment demand.
in Virginia consols is more hopeful, with a lioma demand.
Railroad bonds are in very fair I'emaud at prices generally
Southern railroad bonds bav lately been stronger, and
steady.
ther-- is more confidence in the ability of the now solvent rail
roads to pay their interest regularly hereafter.

& Son

Messrs. A. H. Muller

sold

auction

t

i5
50
106
34
150
100
60
40
lOO
40
2
10

Bank
Bank

of
of

Commerce

1 10>i
6 Park Fire Ins
20 Republic Fire Ins
65
SO Second Av.
,.. 64
73
13 Grocers' Bank
2 Metrop. Gaslight Co., B'Klyn. 71

118

,

America
138y
RR. & Tr'sp. Co.mxtailiijf

N.

J.

St.

Nicholas Fire Ins

Citizens' Nat.

118%

New York (3la«light
Mech. & Traders^ Nat.

111%

U. S.
Rutgers Fire Ins
Clinton Hall Asso
Home Ins

B'k...l02f4
846
...155>f
60

103%

The following were

RR

60
100

Bank

Tradesmen's Nat. Bank
Trust Co

49 Arciic Fire Ins. (assessment

not paid)
EO Metropolitan Ins
160 Firemen's Fund Ins
I

|1, 000

Second Av. RR. consolid.
78, due 1883
89^

mort.

int.

:

BeNDS.
$6,000 City of Cincinnati (O.) es,
gold, due 1906.. 93 and int.
10,00u City of New Brunswick
(N.J.) 7s, due 1897.. 101 and

.

and

71
81
60

BONDS.

I

I

also sold at auction

SHARKS.
20 Nat, Bank of the Republic ... 84
Uutch.
& Drovers' B'k. 91
Nat.
40
BONDS.
Francisco 78.
8au
City
of
$22,000
gold, due 1896, Dupont St.,
..100

:

SHARES.

SHARES.

|

int.

I

I

Closing prices of leading State and Railroad Bonds for three
weeks past, and the range since Jan. 1, 1878, have been as follows:
Feb. Feb. Feb. ir-Rangesince Jan. 1,1878.Highest.
15.
Lowest.
8.
States.
Jan.
Feb. 11
*8i%
83% 84%
Louisiana consols
'106
•105% 104ii Jan. 7,106 Feb. 6
•105
Missouri 63, 'tiO or '90
•17
16% 17 Feb. 14 17; Feb. 8
'ly.
Sortli Carolina 6?, old
•3ld% 33% Jan.
Feb. 1
•3S
4, 39
89
Tennessee 68, old
•67
*67
•67
Virginia 6s, consol
•41
•40
•40
do 2d series.
do
•76%
77
76% Jan. 5 80 Jan. 29
District of Colombia, 3-658 19-24 *nH
I

1

1

Wa

.

Railroads.
Central of N. J. 1st consol.
Central Pacific

1st. 6s,

gold

6-%

.

. .

104%

67% •66% 64% Jan. 29 63% Feb.
104%

104%

&

5

103% Jan. 15,105% Jan. 29

109 >i •103% 109
Chic. Burl. & Quincy consol. 7s
93% •33% 91%
Northwest 'n, cp., gold •Oik
Chic.
•92
92% 91%
St. P. cons. 8. fd, 78
Chic. M.
i6t'
•107!4
107% 106
Chic. R. I. &Pac. 68, 1>J17
•112
110
112
Erie Ist, 78, extended
•169" •109 Vi 109
Like 8h. & Mich.8o.lsl cons.cp •109
•105% •106.V •106% 10.5%
Michigan Central, consol. 7s

&

Jan.

Feb.
Feb.
Jan.
Feb.
7ill2% Feb.
10110
Feb.
Jan.
6 107
5 117;.J Feb.
7 119>i Feb.

2 110
.Ian. 14j 93Ji
Jan. 5 93%
Jan. 5 107^1

Jan.
Jan.
Jan.
•116
Jan.
•116%
115%
117
Morris & Essex, Ist mort
Jan.
113
118
119
118
N. Y. Cen. cfc Hud. Ist, coup...
•96
Feb.
•97%
97%
*97'/,
sink,
fund
Ohio & Miss., cons.
•117% 118 Feb.
118
Pitlsb. Ft. Wayne & Chic. 1st •118
Feb.
103%
mort
•.s3«
lOSii
Iron
Mt..
1st
St. Louis .fc
10i% 104% 104% 103% Jan.
Union Pacidc 1st, 6s, gold
Jan.
96
93%
sinking
fund
;«
do

5

2
39
9
4

9
19

dnlted States Bonds. In government securities there has
5
5
been considerable activity, and this week, for the first time since
2 100
Jan. 30
the opening of tlie year, we notice a demand from some of the
8 118% Jan. 15
financial corporation?, in addition to the steady demand from
8 106% Jan. 24
7 105,% Feb. 8
moderate investors. One of the prominent dealers in bonds
7 •»6% Feb. 13
roughly estimated to-day that about $5,000,000 of governments
had been taken out of this market within a week past by sub• This 18 the price Bid; no sale was made at the Board.
stantial purchaser.^, and that the foreign bankers had not sold more
Railroad and iniscellaneous Stoclcs. The stock market
than about $2,C00,000 bonds here during the same time. In an
estimate given last week by some of the principal foreign bank- has shown another week of dull business, and the parties who
ers, they express the opinion that in the three months of the are loaded up with speculative stocks are obliged to sustain
We may repeat the
silver discussion in Congress
from November 1 to February 1
prices whenever weakness is developed.
about $60,000,000 bonds had been returned here from Europe, opinion previously expressed that, so far as earnings are conmostly of the fives and four-and-a-half per cent bonds, and of the cerned, we see nothing particularly weak in the railroad situacalled five-twenties. One house had bought in $25,000,000. another tion, provided the trunk lines maintain fair rates until the open$16,000,000, and anoth- r $2,000,000, and we are inclined to believe ing of navigaion, and after that such rates as are reasonable for
that $50,000,000 would cover the net amount of bonds imported the summer iseason.
But whatever compact the officers may
in the three months over and above the amount sent abroad.
agree upon, can hardly have a permanent influence in supporting
the market unless some adequate penalty can be enforced in case
Closing prices at the Board have been as follows
.

.

'.4

—

—

:

Feb.
Int. period.

Feb.
11.

9.

in5%
&July. 1U6K *105Ji

reg..Jan. i.Iuiy. ]05>i

88,1881

coup. .Ian.
6«, 1881
68, 5-208, 1865, n. 1.. .reg. .Jan.
68, 5-i08.1865,n.i.. coup. .Jan.
68,5-208,1867
68,5-208,1867
«s, 5-208, 1868
68,5-208,1868

reg.. Jan.

coup.

..(an.

reg. .Jan.

& Jnly.*102-!i
& July. 102
& July. 105J;
i

& July.

105>i

&July.*108X

103

102^
'lOSX
105V
•108',-

_

4b, registered, 1907
Quar.— .Ian.
48, coupon, 1907
Uuar.— Jan.
63, Currency, 1895-99 reg,. -Tan.
July.

A

•Tbls

i8

the price bid: no tait was

101
102

made

Feb.

Feb.

13.

13.

14.

106«
105% »105%
102 Ji 103% 103J4
103
103X 1M%
105 kr 105 ,
106K
105H I05H 105J<
'108Ji 108% •1081/j
*Wi\ '1085i 108%
IM%, 105
\my. '107% W!%
*io»
101)i 'lOlX
106

1051£

"
m% ma
H

coup. .Jan. <fc July.*103l< 108%
reg. Mar. & Sept. l(i4Ji
58, 10-40S
conp..Mar. &Sept. 107)4' 10
Ss, 10-408
reg..QHar.— Feb. lOSJi 104
68, funded, 1881
68, funded, 1881... conp..Quar.— Feb. Wiy,
101
4>4s, ls91
reg..Qnar.— Mar. lOaX 'lOS^
coup. .Quar. — Mar. 103K 103>i
4J48, 1891
.

Feb.

104
103',£

103V

101

101

*102

'lOS
'118

at the Board.

104

103U

Feb.
1.5.

106

10314
»10l

105?i
*10S"/,

109

105X
107%
101

104J4

101}^

103'/,

%iai%
103%

103'i
101
102

IC'3%

101%

101

:i8H

118%

119X

K WiH 102X

A chain is only as strong as its
of a violatioo of the agreement.
weakest link, and so long as any even the most insignificant
links— of the various trunk lines has the power to di rupt all their
transportation agreements, it is plain that there must be a point
trust that a remedy
of inherent weakness in the situation.
Last weik, in our article
for this may eventually be discovered.
on railroad earnings, a statement was given purporting^to show
the monthly net earnings of the Wabash road for 1877. The
figures were altogether erroneous, but were sent in Irom a respectable banking house, and when sent back for verification
were again alleged to be correct. It turns out that they were
intended for the gross earnings of the Atlantic Mississipni &
Ohio Railroad. The Illinois Central annual report, on atother
page, presents a favorable exhibit. The new rates on westbound freight, in the reduction just adopted, are as follows, in

—

We

cents, per 100

pounds:

PKBBCAnT

THE CHKUNICLE

16, 1878. J

40
43
49
58

.
.

.

".,

.

:

.

'.0

.

71

.

J

j

1

*^l

o[iis

Toul

sales of the

n eek

Wb.

weat. Shore. Union.
14,101
3, 100
... 20,400
9,000 21.530 ll.OaO
...

9

"
"

11

"

18
14
15

W

"
"

17,210
9,470
6,400
4,43)

... 16,900
... 16,200
9,700
...

5,400

...

Tot«l

78

we re

Id leadfnir atoc k8

Lake Weafn

Norlh-

as

fc

St.

N. T.

Paul.

Cent.

*W.

7C0

2,109
4,400
1,92)
1,947
315

1,500

900

5,500
17,450
28,410
16,003
27,740
86,400

3,.'i00

5.900
4,700
4,700

5,000
19,150
8,600
3,845

S3
39
40
46
47
50
60
60

71

M

.

.

do

do
ft

»\ 37;<
-asw MX

pref.
Pic.

59V

* West

49

ni. Uential,..

9
11
%S
7<

Lake Shore...

II

Baa. *
do

Joi

St.

pref.

Feb.

11.

n

MH ma

48)i

93H 93V
46), 4:x

4»H

4S

49
9)4

9X
«»<

??^

11

11

25
73<4

25)4
;6

«tl1i

61K

Michigan Cent

AEsaex
R.T.Cen.«U.B lOiM lOSV lOSV
OhloAMIsa...
8j? 82
7V

40
4!)

54

&

Del.

Erie.

Had.

700
40O
6oe

1,760
3,8)0
4,500
3,500
3,6J0
3,7CO

100
100

»x

•an

Panama

181

Wabaah, ttock
nnlon Pacific.

..

.

Weat. Cn. Tel.
Bxp...

m

American Ex
Dnited SUtea.
Wella, FatKO ..

49

49V 49V

"U%

K

101 .«

7)1

IWH IMX
S

givea

io

..

102

75X

49

49

.

49

...

17
"23

18

49

17

....

17

17

49 s

'•49X

e4X 84V

S4V 84V
•

..

15V 15V
-.. 67 X
.. •67H
67H
7>iX
75), 75V
lOlV lOIX lOlX
....
I8X tin

lOlX
•43X

\<n

•18X 49i<

.

16

67 «.

•

16X I6X
10:X 104X

Six
03X
35X
61X
99X
46X

873t

6SW
35

X

61X
99X
46X
4)

47),
9

9X

24
73

SK

-tin

13.

24

8

....'m

123
16

....

m

HH

Feb.

lox lOX

7av
61V
59V

'29X

the price bid and asKed

Is

104iX 105
7V »
22
125
125

«X

15V 15V
67)4

()7X

75V 76X
101

X

101

4SX 4<X
4SX 49X

81V 8iV '84X
.„ 17,5
t7X

1-5

Sales

Central of

New Jersey

do
pref..
Northwestern
do
pref...

Chicago •&
do
Chicago Rock Island St Paciflc.
Delaware & Hudson Canal
Delaware Lack. & Western

8,.320

77,600
40,455
3,648
20,950
131,300

Kile

1,901)

Bannibal

&

St.

do

Joseph

do

Whole

Jan.

I,

Lowest.

3,144 13yj Jan.
9.810 102
Jan.
21,000 38
Jan.

Chicago Burl. & Qoincy
Chicago Uil. &St. Paul

00

—

.

1,675
2,900
3,325

pref

niinols Central

68X
83X Feb.
69V Feb.
mii Jan.
45

Jan.
Jan.

7,S Jan.
10>i Feb.

22 X Jan.

T2K Feb.
59H Jan.

LakeShOTo

73 040

Ulchigan Central
Morris * E'nci
H. Y. Central A Hudson River..
Ohio & Missisflippi

5,342 58i4 Jan.
3,943 70J4 Feb.
11,591 103=K Feb.
3.350
7 Jan.
2,510 21 Hi Jan.
50 112
Jan.
1,170 14X Jan.

PadflpMaU
Panama
Wabash i tock
Union Pacific
Western Union Telegraph

8

1.2

45,995

Adams Expreas

289 98
17»

47ii Jan.

441

46

88
TOO

S2M Jan.
ISX Jan.

&

Wells, Fargo
Co
Qnlcksllyer...
do
pref

The

Jan.
Jan.

i9ii Feb-

....

latest railroad earnings,

and the

Highest.
Low. Hiah
6
18>i Jan. 14
;04i/4 Feb. 11
94
39!i Jan. S4 11
42)f
7iU Jan. 9 40% 7314
33
Jan. 8 15
43H
etXJan. 9 S7« 69>«
lOOH Jan. 8 82« 105)4
i2'4 Jan. 2 25>4 74>i
52'i Jan. 14 80« 77
10
Jan. 18
4*4 15
15T<
12X Jsn. 8 7
27 Jan. 21 17
33%
77
Feb; 4 40V4 79
7 45
635( Jan.
73K
3 68
Jan. 7 S5H 74J4
15' 75!i Jan.
2 51 - 92'4
lljlOS.H Jan. 9 85!4 10»Si
8',4 Jan.
16
7
2K.! 11 ?i
6 2-3% Jan. 16 12),'. 26)i
5 12)
Jan. 3 30
130
15j 17,'f Jan.
8
4! 69
Jan. 10
73
13! 73% Jan.
2 56
8ifi
8 lOIH Feb, 8 91
115
14 50
Jan. 2 43(4 80!^
22 tV)i Feb. 9 36
59X
7 87X Ian. 2 81
90
26 18
Feb. 9 13
24
51 il)i Jan. 2:i
19« 45
1

64^ Jan.
75K Feb.

American Expreaa
United States Express

year 1877.

m%

Jan.

46^

1S78, to date.-

totals

from Jan.

1 to laiesi

dates, are given below.
The statement includes the gross earnines of all railroads from which returns can be obtained.
The
oolumns under the heading " Jan. 1 to latest date" furnish the

Kiosa earnings from Jan.
the second col amn.

U

r—

Latest earnings reported

Month of
Monta of
Month of

KobUe & Ohio

A:

and including, the period mentioned

18T.

Chlc. Bnrl. & Qnincy,
LonlsT. A Nashville.

Bashv. Chatt.

1, to,

StL. .Monia of

New Jersey Midland.. Month

Dec... $962,118
Dec.
540.000
Dec.
315,000
D»c...
163,064
Dec.
50.t53
Dec...
30.698
Dec.
257,742
Dec... 2,0(.9,87l
Dec...
53.819
Dec...
46.605
.

,

of
Pad. £Ellzabetht'n.. .Month of
Phila.* Btie
Month of
Phlla,
Reariinij ..
Monihof
8t,JO-'cph& Western Month of
8t. Panl & S. City. .
. .Month of
Sioux City.tSt.Paul. Month of Dec. .
Union Paciflc
Month of Dec. .

.

.

&

.

.

,

.

.

83.797
925.^5i
1878.

Atch. Top. cjb 8. Fe
Month of Jan.. tt7I,0iO
Bar. C. Rap. A Norlli 1st wecic of Feb,
34.412
Cairo A :st. Loui»
,3d week of Jan..
3,218
Central Paciflc
.Month of Jan... i,i«5,ao
Chicago & Alton
Montli of Jan.,.
316.711
ChicrSlil.&St. Paul.. ,l»t week of Feb
1S8.000
Clev. Mt. v. A D.,Ac. Month of Jan.
:9,156
Dakota Snmhern
31onth of Jan. ..
1 1,5M
Denv. A Rio Grande.. Month ft Jan...
60.014
Grand Trunk
W'kend. Feb. 2. 185,374
Great We.-'tcm
W'kend. Fob. I.
90,1:8
Hannibal A St. Jo... Ist woek of Feb.
25,000
Illinois Oent.(Ill.llno.) Mouth of Jan...
414,751
Isdianao. Bl. AVf.... Month of Jan...
120,318
Int.
Gt. Northern.. Month of Jan.,. •134,834
.

,

.

A

•

Heavy

rains doring part of the

month.

Jan.

-

1676.

I

to latest date.

1877.

1876.
$826,12) $I2379,20J $1200.3,950
491.051 5,561,700 5.154.9i2
3 9,603 I,;i90.t23 2,fi90.312
189,237 1,749,98 1.697,917

5i,417

6S5.087

d6t>,915

298'.39'2

3,172,99.'

3,3.52,979

1.319,964
8,*l,i.93

518,98:
450,9,>5
40,444
544,881
574.772
24,312
342,692
359.132
990.9 '6 12,478,202 l?,88B,85U
1877.
18:8.
1877.
tl3l.8f.4

$171,(00

11.598
5,0; 3
1,150,615

199,«4

351, 60S

96,551
26,4 >4
8,437
43.270
178,871
79,576

7,1^93

1,125.000
316,711
8:»4.000
•.9,l.5«

14.r84
60,014
8^4,113
474,437

S6,|)i5

140.1tiO

387,401
92,153
174,013

44I,7>1
iao,:ii8

134,881

A

A

A

1371.

$47,851

126,019
194,811
SI7,0«]
8.960
46,801
8,847

114,440
16«,9a4
$97,083
8,367

63,900
18,549
49,235
23,402
12,407
85.960
8<,705

.

.

1

to latest date.
1977.

1878.

t^*.M»

$227,792

889,897

67>'.49S

WMll

965,908
I87,0S>
*,S(«

si7,on
tl,001
45.802
48,189

.S8,M<I
8,9»7
116,709
48,539
31,948
47,339

t96,flO0

A

t

Jan.

,

IH78.

$47,818

<8,«0
80,8ST
498,91*
888.688
118.485
47,880
Se,887
18,445
98,538
378,196

485.41

333,189
116.091
49.2.35

2'),837

iti,4iii

13,443

12,497
166.128
473.214

6:,!t71

Country part'y flooded.

Tlie Uold MarKel.— The gold premium has rule! a little
stronger, as the perlid approaches for the vote on the St yer
bill, and closed to-day at 102|.
On gold loans the terms were 4,
3, and 3J per cent for carrying;, and loans were also made flat.
Silver is reported to-day as 53id. per oz. in London.
The range of gold and clearings and balances were as foUowji
Gold

-Quotatlons.-

Op'n iTow. High Clos.
Feb.

Saturday,

9

my.

1

101 Ji

Tuesday,

12

102

102

102
102
102

102

10 i

102X 102V

Friday,

13
14
15

"

Monday,

"
Wednesday, "
"
Thursday,

"

102

Current week.
Previous week,
Jan. 1 to date

102K 102«

102 Ji 102)4

102,!4

102%

mn

The following
Napoleons

XXReichmarks

12.164,000

1,474.00'!

11,190.(100

1.241,429

13,0a5,000
1 ,002.000
15,433,000

1,616,4,38:

1,91»,191|
1,478,700

1,506,570
1,286,778
1,«I8,993
l,D60,3t8
1,512,710

993,000

1,114,S«I

179,443,000
89,58 i,000

are quotations in gold for various coins
Dimes* half dlmea,
$4 84
$4 89
96xa
3 8t>
3 90
Large silver, J<8&>fs
96Ji®
:

@
@
&

4 72
3 90

Guilders

Mexican Doubloons
Pine silver bare
Fine sold bars

Five francs

4 78
4 10
16 00
15 7)
1171^
(S

(a

Mexican

a

English silver
Prussian silv. tlialers

e

Spanish Doubloons. 15 70
15 60
lis

dollars.

.

.

Trade dollars

para>4prem.

ExcbanKC.

,

Clearings.
Gold-.
Cnrrency,
$11,511,000 $1,4,57,500 $l,487,ffi5

102
102

103
lOlJi ioty. 102?i
loij; loiTi
102
102;i loi!4 102% 102%

Sovereigns

X

101 y.

—Balances

.

—
— 97
—
—
— 90 ^ — 97
93
— 98 & — 94
4 75
4 85
— 65 @ — 70
— 96%a — 97
(8,

—Foreign Exchange has

been fairly active, but on
an advance in bankers' rates to-day basincss was checked. The
purchasers, and as
tliere in a fair supply of commercial bills coming in prices would
hardly bear an advance. On actual business to-day rates were
about 4 81i@4.83 for bankers' 60 days sterling and 4.8-t for de-

nx bond importers have been only moderate

:

ofw'k.
Shares

Feb.
Feb.

Jan...
Ho. Kansas
Texas .Month of Jan. ..
Memphis
Fad.
8<1 week of Jan..
St. Joa. A VVestern... Month of Jan. ,.
SlL. A.&T.H.IbrchS). Ist wecU of Fob.
St. L. I. Mt. A South. 1st week of Feb.
St.L.K. C. ANorth'n. Isl week of Feb.
St. L.
8. Francisco 1st week of Feb.
8t.L.AS.E°n(StL.div.; Month of Jan ..
"
IKen.dlv.).. Month of Jan...
" (Tenn.dlv.).. Month of Jan...
Tol.PeorIa
Warsaw.. let week of Feb.
iVabash
1st weik of Feb.

24

73X
61X 61«
59X 60
70« 72

'29
'29
....
30X
no mtH was made at the Board.
Total sales this week, and the range in prices since Jan. 1,
1877. were as follows:

ThIa

Paciflc

:

lOX

iix
lOIX lOIV

8

22X

9X

lOH
23V
72H
61H
S9X
vii

11

—

.... •123

101
49)4

9X

9

9

mx

15X I'V •15X
«7«
67S >^H
as "«x T.X 76
102
49
•49

35)4

6lS
99X 99
46X 47M
47)4 48H

2iH 22X

22)4

S7« 87^
68V 68X
SIX KH
61
6IH
93X 99
43X 46 X
46V 47S

61

9v

7V

104

....

I7H 18

QnlckallTe,'....
do
pref.

u

8X

'l^i

103 X

49

47

m
lox

MM

ais 24X 21!4 21X
73
75X X73
e\H 61V
6IX
..
" 60)4
59
eoii 60S
nx 72X n Tiii

109

22)4

15V 15V
t7V <8
7«X TtH

Adams

46

•
Feb. II.
1«H 16V
lOIX li'4J4

68V <9

75)4
6:

If orria

Pacific Mall,..

103)4 101

104)4

tin <8V
83V 34»
eoH e\n
98^ 90

33X

83)2

~
Feb. 13.
1«X 16V

12.

16X 1«H

51'<

Del.* U. Canal

Tie

Feb.
I»X

9.

UUH IIMHIUIH V»\

IM

Chic. A North.

Del. L.

Month of

77,C00 78,040 45.995 21,000 11,511 131,
1,0(10
aOfl'O
...151.031 <94.6t» 337,874 153,992 ii94 2is3 5-.'4,00O 7 60,000- 00,(100

Feb.

pref.

I.

MisBOuri Paciflc.

daily highest and lowest oricea haye been as follows:
Saturday,
Monday, Tuesday, Wednea'y, Thursday,
Friday,
-

Centra) of N J
Chic. Burl, &a
C. Mil. t. 8t. P.

C. K.

Michigan Central...

llown

total namliar of shares of stock outstaading is
last line, for tUo purpose of comparison.

The

28
16
31

lat week of
Itt week of

52
37
38

Del. L.

TUe
the

Kauai

...

Whole atock..

Lateit earnlnga reported

f-

20

85
80

m

75
86

.

4th

clsaa. claae.

41
48
Ui
57

W

.

I

3d

Sd
clau.
30
85
3»

lat
cloaa .
.

161

II.U864
83,.'

6i

12.453
1,170,615

3)1,108
47-2,

Ml

2«.4.'4
8,1!I7

4.3.270

744.9
298.3:6
112.257
367,401
»4.:63
1T4,013

mand.
were rates on New York to day
Savannah, buying par, selling 1-8
@i premium Charleston, scarce, 316 premium, j premium ;
Boston, 2oc. discount New Orleans, commercial 4. bank par
St. Louis, par, and Chicago, 50 diacouit.
Quotations for foreign exchange are as follows
In domestic bills the following

at the

undermentioned

cities

:

;

;

:

Feb
60 days.

Prime bankers' sterling bills on London.
Good bankers' and prime commercial
Good commercial
^. ...
Documentary commercial

4.82
4.81
1.-9

.

Paris (francs)
(francs)
(fra'ics)

Amsterdam

4.83

©4.84
4.81«©4.83«

©4.80^4

4. 81. (§4, 83

7!)

6.20
5.20
5.20
4C
95
95
95
95

6.2:3X®5.18Ji

(guilders)

SMJCa
94!4©

Hamburg

(reichmarka)
PrankfoH (reichmarka)

,

Bremen (reichraarks)
I3erhn (reichmarks)

Boston

484 (^.S4X

©4,82

©4.80
5.il^®5.18%
5.23X©5.!8X

4

Antwerp
Swiss

3 days.

@4.82)i

9IX©
94>4©
94)^©

Banlm—The

39%
94Vi
94)i
94)f
94 X

&i.l«%
@5.16K
(35.16^

a

40%

t96H
95)i
©
©

953^
S5!i

following are the totals of the Boston

b.nks for a series of weeks past:
Loans.

Specie. L, Tenders. Deposits. Circulation. Agg. Clear.

1877.

$

S

$

Oct. 15.
Oct. 22..
Oct. 29..

127,41)2,700
12'i,85),800

2,119,000

5,427,100

2,2in,6:X)

6,505,(100

126,497,500
127,383.10)
129.127,700

2.459,600
2,601,400

129,.'08,300

6,947,800
6,2i6.i00
6.180,600
6,074.800

Nov.
Nov.
Nov.
Nov.

5..
12.
19.

26.
3..
10.
17.
21.
31.
1678.
Jan, 7..
Jan. 14.
.Tan. 21.

Dec.
Def.
Dec.
Dec.
Dec.

t
24,037,0(10
23,l)4!t,300

129,445,100
123,034,7iX)

2,Sll,?0l)

5. 601, .500

127,951,900
127,699,700

3.0 4,200

5.647,500
5,510,500
5,755,400
6,043,780

60,1*8,800
49,745.600
60,211,700

24,157,000
S4,286.fO)
»4.431,500
21.819.700
24,410,a)0
24 637,200
24.581.400
21,550,00)

5O,«l5,t.O0

a4,336,4'!0

52,767,000
SI. 183.400
50,000,000
48.8)3.900
48,752 800
49,004,000

24,766.310
S4,8?0.500
»1.828,2n0

2,910,8. H)

6.6'i,3.200

12^.^80.40^)

293,'-,rtO0

3,.347,900

129,026,800

5,624,800

131.015,00.)

4,293,400
5.100,700

Jan. 28.

130,875,000
129,032.100

5,.366,4«0
5,47 '.0(0

3,982,800
3,719,800

Feb.

127,5!I6..3I)0

5,130,8
6,381 ,S0O

3,192,700

4.

23.987.700

8,868,500
a.815,200

a,9ir7,.30o

127.723,900

Feb, 11.

43.a39.8OO
48,427,800
4<,770,8C0
61.011,800
51,708,410
50,902.500

126,92O,50O

Ptalladelpbla

5,0'i4,i00

3,660.'

Banks.—The

00

51,.377,30O
60.673.1)00

21.626600

47,016,262
60,592,119
44.510,414
49.711,719
51,259,796
50,837,148

47,1»',M9
42,8«,'i8«
47,9:7.883
45.502,579
40,873,410
39,552.908

58,110,105
51 463.371
61,8r6,347
41,296,873

24.;5e,;oo

8^<46,161

26,06.',0(:0

44,.)7I.064

totals of the Philadelphia

banka

are as follows
Loins.

Specie. L. Tender*. Deposits. Circulation. Asg. Clear.

1877.

$

t

$

«

Oct. 15..

61,013,1 <9
60,812,807
60,781.184
IO,S21,-8(i
5»,»43.506

1,294.076
1,287,578
1,357,001

12,957,296
12.971,540

47,763,873
47.t6O.e75

13.11.3,712

48.047,(168

l,4a2,H1.7

13,274,.M3

1431,492

1.3.677.990

59,619 038
59,150 819
69,096,735

1.472,5<8
1,410,424
1,335.601

13,629,674

13,^8,237

59,41.3,288

I,3t8,3't6

18,^92.^•30

59,«70,4»4
59,466,806
58,566 986

1,310,259
1,314,285
1,517,841

18,187,539
12.938,322
18,335,831

47,685,097
47,901.443
48.S67,7S5
47,813,9 7
47,85S,3i7
47,633,389
46,746,387
46,402,873
46,163.613

59.40R.BA7

1,739,288
1,890,17?
2,014,689

ll!,Sil.S5«
1.3.3 !0.655

OcL
Oct

»8.
29..

Nov.
Nov.
Nov.
Nov.

5.

12.

19.
26.
Dec. 8.
Dec. 10.
Dec. 17.

Dec. 24.
Dec. 81.

18,';.37,169

t

$

10,605,8.38

87,839,814
3&,6I4,4B8
83.937,479
39.944,888
3I,SI7,«38

10,'0',169
10,628,601
10,8S.1,79S

10,6S7,>76
10,6:6,758
10,713,565
10,702,40)
10.771,718
10,779,195
10,848,315

10,866,05

34,MI,033
33,«74,')10

38.274,533
87,540,768
8S.«9l,a«<)

85.183.847
t8,45«,ia8

1879.

Jan. 7..
Jan. 14.
.Ian. 81.

Jan. 28.
Feb. 4.
Pat),

n.

47.»«7,<>44

W».l-J7,7!!0

2.076,1(18

12,)'80,4!S

47.r>7.08t
47,014.740
46.418,848

68,72 ).420
53,696,371

2,1i«,848
2,235,090

13,319.460
18,183,578

49,784,847

99.585. '51
59.7.37.838

12,MI.S27

46,!r33,ai5

10,931,268
10.9106.39
10,975.584

in.9gO,H3
io.99.s8ei
10,988,741

87,881,848
S6.880.87S
89.888,858
3«,4T8,881
8>,5o;.>io
38.saO,«]«

THE CHRONICLE.

16^

BamRs—

Mew

York. Ctty
The followini? statement shows the
eonditioQ of the Aasociated Banks of New York City for the week
ending at the commencement of business on Feb. 9, 1878:
-AVSRAGE AMOUNT OFLegal
_
Net
CirculaLoans and
-

Banks

S

NewTork

Specie. Tenders. Deposits.

DiBConnts.

Capital

~

$

$

$

t

2,636,200
829,000
2,175,400

637,600
794.100
1,SU1,900

8,544,200

d,«6,t»0

53'i,500

1,239,'iaO

8,0U0,0(i0

8,600
8,160.400

Phtenix

1,000,000

2,tiC0,000

City

1,noo,iniO

4,857,400

2,073,900
513,000
1,353 300

739,!!00
613,8;I0
1,031, bOO
613,IX!0

4,91li,.500

4,5'

Tradesmen's ....
Fulton
Chemical
Merchants' Exch.

1,000,000

3.29^,l^00
l,6i»,3i
10,2!3.2fl0
3,159,; 00

8,000,000

Manhattan Co...

2,ii50.0

Merchants'
Mechanics'

3,0:KI,000

2,000.000
1,200,000

Union
America

tiOO,('00

8110.0
1,00:1.000

8,785,500
6,:i63,700
7.7?i<,*iO

Gallatin National 1,5 0,000
Bntcher8'& Drov. 500.000
Mechanics' & Tr.
600,000
000
Greenwich
2

8,404,700

Leather Manuftrs.
SevcSithWarrl....
State of N. York.
American Bxch'e.

2.4-»1.000
927,gii0

600.000
300.000
800,000

l,3ii:i,000

1,523,000
t08,600

1,491,700
11,:W4,000
13,599,200

Commtrce

5,n00,ii00
6,000,0ii0

Broadway

1,000,000

4.75ii,800

Mercantile

1,'

00 000

3,47S,«00

422,700

2,15\200

3O5.!s00
26'>,100

629,800
8,1.37,000

434,900
215,600
2'»,000
238,000
161,400
345,500
140.600
166.500
1,416,000

Bll.lOO
121,300
445.700
2,4)7,(00

267,000
59li,200
302,500
4i,V00
661,000
29'.,100
Republic
1500,000
3,167.900
294,400
4i7,000
450,0i)0
3, v 25 200
Chatham
415,100
I.'i27,i00
6.400
162.500
People's
.
412,600
700,000
1,72 ',500
4)3.0
North America. . .
100,600
I,0ii0,000
Hanover
4,455 400
480,3,0
41.0,600
124,600
Irving
500,000
l,9-,4,400
394,000
Metropolitan
3,000,000 14,109,U0O 1,038,000 1,265,IK10
Citizens'...
428,300
600,000
1,782,100
65,000
Nassau
1,0(10 000
2,(131,300
219,200
74,800
Market
2,612,1(10
159,600
391,600
1,0 0,000
St. Nicholas
l,aK),000
75,800
151,600
2, Or,0(X)
Shoe and Leather. 1 OOO.iiOO 8,6-27,800
304,000
427,000
605,9.10
ComExchaiiKe... 1,(00.000 2,9.50.200
189,000
5-2,3;>0
Continental
2.112 100
316.000
1,250,(00
Oriental
30.300
190,000
300000 l,2i)6,-.00
2.(11.',000
40.1 100
Marine
253,000
312,(100
Importers'&Trad. 1,'00,(1(« 15,64 ,700 l,13t,:i00 3,884,100
Park
2,0(10.000 13 153 500 1,8.(2,400 2,036,900
670. -200
Mech. Bkg. Aes'n. 500,000
l,-,4ll0
121 50O
Grocers'
300,000
694,000
6,000
105,500
North Uiver
40,(00
825,100
12,700
147,300
Kan ver
330,000
715, 00
7,500
167,100
Manuf'rs' &, Mer.
1(0,0
46<,500
51.300
51,200
Fourth Nalional.. 3,750.i00 13,887,900 1,137,800 1,7JO,600
Central National.. 2,000,000
7,111.000
215,000 1,181,000
Second National. . 300 000 2,012,000
646,000
Ninth Nation il... 750,000 3,351, •-»
159,800
439,900
First National ....
7,104 000 1,825,100
600,0
774,400
Third National... l.cOi.OOO 6,20),20,)
641,500
643,700
N. Y. Nat Exch . sno.OOO 1 035.900
122,600
136,300
Bowery National
2.50,000
1,151,400
3,000
229,000

Pacific

5,05U,!i00

7,.5O0

7,748,800

120,800
168,«00

.

.

,

German American
Total

200

1,051, .500

277,500

2,220,900

1,000,000

1,100

268,500
774,700

624.600
45,8l'0
27ii,000

IJS.OOO
2,700
234,900
36,E00
45.000
214.000

3.531,200

l,:7J,9O0
3,266,500
1,040,100
1.628,(00
3,872,200
1,964.200
10,358,000
1,800,100
1,951,500
1,815,900
803,200
2,916,000
1,830.500

Inc. $;,751,800
9'.6,90r)
Inc.
Dec.

The following

Specie.

241,89:1,600

416.7(10

71,400
2,250,000
19.).100

8,900
3r9,10(,

492

4,700
776,600

1,478,(100
l,i.0'(,800

871.866
1,115,600
540,000
305,500

2,0:.7,000
16,8t.0 000

15,301,400
526,900
4''5,200

637,700
58-2,400

98,200

2,-286,000

2.811,600
8.019,100
5,831,930
724,300
856,000

242,100

1,945,700

1,045,80(1
1,439,(100
2(.5,000
5<'5,200

450,000
784,700
268,400
225,000
180,000

17.

S3i,30-i,.-i00

24.

235,32:»,8J0
S3-(,429 BOO

Dec. 1..
Dec. 8..
Dec. 15.
Dec. 22.
Dec. 29.
1878.
Jan. 5..
Jan. 12.
Jan. 19.
Jan. 26.
Feb. 2..
Feb. 9..

pa*t:
Tenders. Deposits. Clrcolation. Agg. Clear
t
*.
(

41,04.5,'-O0

48,1.10,610

17,0i(l,:i00

42,454,400
41,97.5,00
41,402,000
40,3 6,810

16,5r.,90J

3':.,9t'),:»0

17,3-22.403

89,-235,100
39,531,901)
38,50:5.100
39,.3S2,90O
39,9)9. 00

200,711,200
197.853,400
197,171,610
195,561.503

15,.38-3,300

15,563,403
15,517,100
15,596,100
1-1,724, 100
15,99 1,200

405,ii32,-278

419,-166.185

11,0.91,000

421,8 8,6:37
435,. 8.',249

19!,361,'.100

16,230,300
16,726,000
17,156,800

47-1,165,840
4-i1,3S7,451
458.0-25,653

1 (3,551,.300

17,720,2.(0

358,005,167
401,9^0 936

191,848.7lX)

196,51.1,500

17,81),'.(00

19-i,234,!)00

18.103,500
18,110,300

41.579,800
38.478,700
37,562,903
3^,067,5 K)
35,300,503

19'>,961,500
1:J6,9 2 3 10

197,711,800

19,657,800

31,612.000
84,104,000

231,98I,.5O0

203,686,000
205,9:2,300

19,187,100
19,861.600
19,841,800

4:7,1114,418
369.51-2,964
488,912,-229

238,404,300
241,2 5,51))

87.211,233

2O7,171,-2O0

19.791,0)

37,33-2,-200

19,761,3(10

243,(5;,:500

3-2,146,900

34,877,006

210,301,703
211,713,030

19,687,100

341,105,46-.

37,:89,:«K)

193.896,400

18,67rt,700

426,935.792

l'.i.29.3.90!

4,2,401,1:46

Bid. ABk.

ANUUTUER

'Vermont()B

Mae»achusettB 58, gold
Boston 69, currency
do 5B,gold
Chicago scwernge 78..

Vcnn't C. lBtm.,7s
Vermont A Canada, new

il4!<

CU'IKS.
Bid. Ask.

81
12

'^'^

82X
sa

68..

STOCKS.

Atcht'on
to

ItOfeton

8:iM

HoBton

48»
103
118

6s..

106

38>4

Little Schuylkill
>»lnehlll

42
47

4i
48

&
&

& Topeka
Albany
Lowell

12m,

6o3

107

Lowell 78
109«
Cln.SanduBkyft Clev
Maine 78
iiow Concord
Burl. & Mo., laud irrant 7a.
110^
Connecticut Klver
do
^eb. 8a, 1k91
'.0»« i'% Conn. & PaBBUnipsIc
x
do
Neb. 88, 188)
..
Kastern (Mass.)
104
Conn. * PasBiimpBlc, 7k, 18»;.
Eastern (New HampBhlre)...
rttchburgUB,^........
Fitchburg
io5
11*4
du
7b
.Manchester* Lawrence
Kan. City Top.* V\.,78,l8t
92W Nashua* Lowell
uo
Is, Inc..
fo^
New York A New Kngland...
. do
_
Kastern, Mass., SKs, new. ...
Northern of New Htunpsblre
Hartford & Erie Is,
Norwich 2k Worcester

S»

m

2H

. .

L. Chaninlain

181

125

10,1

108
HOV.

87

M

let ra.,6s,con. 1113
1114
2d m. 63. 'Si,. 103
105
69, '^7..
VtiH «3

HI2

ua'4
lUWH

no

Atl. 1st m. 78. g.. 1903
2i m., 78. cur., '80
do

& Burlington Co. 68.*97.
CatawlBsa 1st, Tb. conv., 's2.
.

102« 103
104

loe

Delaware mort.,

103'

D^l-

95
loa

104
97

.

do

Ist m., 5b, perp.

108!ii

85

Harrlsburg let mort. 63, "8*.
iOfl
H. & B. T. 1st ra. 7e, g >ld, '90. 107
2d m. 7s, gold. '95. UO
do
3d m.cons. 78, '93"
do
Ithaca& Athene Isl g d. 78.,'90 ibid
Junction Idt mort. 6', '82
do
2d mort. 63, 19J0
I,. Sup. & Miss., iBLm., 7-\e.'
Lehigh Valley, 63, coup.. iSiJS

',

RAILROAD STOCKS. Par.
Balt.&Ohlo
100
Wash. Branch, 100
do
do
ParkerBb'g Br. .30

106>i

do
do

111
112

U514

UOH

B8>4

U7

...

iVa

do

1*13

127

2d

m

cp.,'8i

78,(p..'88.

& Read. Ist m.68, '43-''t4.

do
do
do
do
do
do
do
do
do
do
do
do

do

'48.49.

2dni.,78, (p..'9:j
deben., cp., '93»
do
cp. eft.,
scrip,

n-iH

US

!04

104?i
1'8
110

do

"sd
34^,

128

34«

• In

scrip, 1882

...

89

98
10!

45
11)4

108

70
100
112
100
112
65
110
12

7,S

CINCINNATI.
-j-

Cln.
Cln.

Ham. &

Ind., 78, guar.
Indiana St m. 7s

&

...

Dayton* West.
do
do

70
103

»*
94
90

.

&

Istm.fs,
Laf. Ist m. 78

^9(B

{1.4C.) 1st m.78,'88

Little Miami 63, 'oS
Dsyton stock,
Cln. Ham.
Columbus Xenia stock..,
Michigan stock..
Dayton

&
A

A

do
Little

100
lu8
112
103
871^ 90
97
100
100
106
112
107
100
90
99
93
95
30
40
SB
9S
106

108
101

Ist m., '8i...t 100
ist m., 1905
85

p.c. st'k,

8.

75
58
92
96
10
97

guar

Miami stock

72
106
100
98

95

90
«0
61

95
93
15

98
35
90
91

I,01JISVII.I.E.
wOulsvUle

do
do
do
do
do
do

78

.........._

63,'82to'87
68,'9;to'9J
-water 63, '87 to

water stock
wharf 6s

t 103

106

-1

100

t
'89 t

6s,'97.t

.

spec'l tax63 0f '89.t

m. ( 1«M)

mw

too
100
100
99), 100
100
99^,

7i!,'8l t

do
do

80

'81

104

lOlM

102Si

103H
lOOH

.

.

100

eg
99

ma

100
100

104

.

'42

$T. I.OVIS.

*93

scrip. 18S2

default of fntere«t.

&A

.

Phlla.* Read. C.& I.deb.78,t2 '40
do dob. 78. coup. off....

125

78, '9i, F.

7e
do
1
7-308
do
t
South. KR. 7-308.
do
do 6!», gold.t
do
Hamllton Co., O., 6s. long., .t
78, 1 to 5 yr8..t
00
7&7-30a,long.t
do
CIn.& Cov. Bridge st'k, pref.
Cln. Ham. & D. ist m. 7s, '80
2dm. 78, '85..
do

St.

8.m.ti8,g.l.i9il....

coup, off,

Cln.

Cincinnati 68

conv.78,rg.&cp.l893'
7b,

105

1-8

80
do
2d,M.<SN
28
30
8%3I..I.*J
do
11
12J<
Union KB. I8t, gua-., J. & J., 112
I3si
Can un endorsed. 100t< Wl«
do
MISCKLLANKOUS.
laltlmore Gas certlllcates... 105
People's Gaa
13H
Vlar.

In.ui.7s, cp,1896
cons. m. 7b, cp..l9l!.. 100
100><
cons. m. 7b. rg..l9'.l.. 100>t 100J4

CO

106)4

95

02H 05
A.&O 100 101«

2d ra
l8tm.,7s, 1906. ..t
LonlST. C & Lex. 1 8t m. 78,'97
107
+
ex pa^t-due c upons
109
Louis.* Fr'k.,Loulsv.ln,6s,'8i
92
93
Loulsv. A NaBhvllIe—
Lcb Br 68. '86
t
18t m. Leb. Br. El.,78,'80-;5.t
68, 'j3...t
do
Lou. In.
102
loaji
Consol. I8tm.78, '98
C7
t'5
103>, Jefferson Mad A Ind.
Louisville* NaBhvltle...
Loullvllle Water 63, Co. 1907
liiH

81«

\S-ii.

lOlW

10.5

88
99

&

27

100},;

106

Jeff. M.AI.lst

Bcrlp

cons.m 6-, rg., 1905
do
cons. m. 6s. cp., 1905.
do
Navy Yard 63. reg..
do
Perktomen ist m.S^.coup./n";

.

6s, Kld,l900. .I.&J.
S.

&

Pa.&N.Y.C.A RR.7a,'96 i90fl.
Pennsylvania, 1st m., cp.,*80..
gen. m.6s,cp..l9iO
do
Ken. m. 6s, ig..l9l0.
do

.

13X 14H
33

W. Md.6s. ist m.,Kr.,'90,J.&J.
do l8t m., 890, J. & J...
do 2dm.,guar., J.& J
do 3i m., pref
do 2d m.,gr. Dy W.Co.J&J
do 68. 3d m.. guar., J. & J.

do

m.63,

6s, 1900,

do

68, reg., 1891...
78, reg-, 1910...

ist

68, 1880, .l.&J. .
63, 1885, A.&O.

Cen. Ohlo6s, let ni.,'90,M.&

Ind. Cln.

con. m., 63,rg.,]9^3

Eric

Ohio

do

no

6s,'p.,19.3 98>, 97
Little Schuylkill, 1st m. 73,V2 106
North. Penn. Ist m. 68, cp.,'85. lOS 111
2d m. 7B,cp..'96.
115
do
do gen. m. 78, cp., 1903.
do gen. ni.7s, reg., 190"? lot
87
Oil Creek iBt m. 7s, coup.,'8i. 77
B., 78, cp.,'96 4a« 50
rlttst). TIlUBV.

di

n

V. W. Va. 8d rn..KUar.,'85..I*,J
Pltt8b.& Conneir8v.',s,'»8,J4J
Northern Central 6s, '85, J&J

2d m.78, 'i7...
do
Colum. & Xonla, let m. 78, '90
Dayton & Mich. 18t m. 78. '81
2d m.78, '84.
do
lOlH
3d m. 7s, '88
do

. .

do
do
do
do

do
do 63, 189 quai-terly.. II2«
do 68, park, 1B90, tj.—
112
do 68, 1893, M.*S
114
115
do 68,exeinpt,'iJS,M.&S. 114
117
do
1900, J. &.J..
!13>i 115
113' 115
do
1301, J. & J..
Morfolk water, 88
11:SI 115

.

..

East Pnnu. let mort. 78, '88
El.* Wmsport, ut m., 78, '50.

lo-'i.^na
""
106
109
110

.

.

63, SSt, qntrterly
6s, :8S«, J.&.J

•JV'A

17>i

H.& Wilk6.,l8t.,78, '37*.
63, various.
& Bound Br., ist. 78.1905

.

Baltimore

29K

Cam.

Dan.

83
80

109
109W
1!2« 114

Bait,

pref...

chat, m., 103, '88
do
new 78, 1900
do
Connectlne 69, 1900-1904

Maryland 6s, d-fenpe, J.& J.
68, exempt, lb87 ..
do
do
6s 890. quurierly.
do
5s. quarterly

IS
37

50

mort.

ibo

63, reg., '86..

14
38 H

,.

69. coup., '89
68, *89

do
Jo

99
81

Morthern Cenlral
50
W:;8tern MarylauJ
50
Central Ohio
50
PltlsDurg & Connell8vUle..50
RAILR1AD B >XnS.

95«

Sim.

A

FhllB.

07M

& Providence
Burllngtun & Mo. In Neb

*

l«

RAILROAD BONOS.

ij-:i«

75

llostou

'*irHenRt».

40

WeatJersey

Fhila.

91)«

mw

30>i

PiilWdeiphla & Head ng
I45J is
Philadelphia & Trenton
130
Ph la.Wllming. A Baltimore. 62H 63
Pittsburg rituBV.& Buff
Bh
Compmles
J.
N.
United
118
llBHi
%7e8t Che-tter cousol. pref....

do
ioiii

VermootiMasfl. US., 88.,..,

do
MunlLlpan»
Fortland68
Alch. 4 Tcpeka 1st m. 78
do
land grant 78
do
2d7B
Ss

324,336,660

20
80
8

383^

Allegheny Val. 73-103, 139fi...
7s.E.ext.,19tO
do
inc. 78, end.. '94
do

102

Delawa-e Division 63, cp.,'78.
Lehigh Navigation fi.*, reg., '84 104« 105
do
Bit., rg.,'9: 104
105
uo
conv.,g., rg.,*9J 96
do
gold, '1*7
87K
do cons.m "s.rg ,1911 75

win

SKOCBITIES.
Old Colony, 78
do
«8
Oranha & S. We^'ern, 8s
Pu»blo& Ark. Valley, 7b

6fl

lant Inc.

1H.-2(18,:-00

194,84-2,500

BlMTSY. PUILAUKLPIUA

BOSTON.

Atlantic

pref....,
do
do
Catawlssa
pref
.. ..,
do
new pref
do
Delaware A Hound Brook..
East Pennsylvania
Emilra «& Wllliamsport
pref..
do
do
Har. P. Mt. Joy & Lan'-aater.
Huntingdon & Broad Top...
do pref.
do
Lehigh Valley

do
Susquehanna

Dela

78

114«

BAIiXIItlORC:.

7b, reg. A coup.
do
Delaware 6b, coupon
Harrlsburg City 63. coupon
RAILROAD HTOCKS.

CANAL STOCKS.
Chesapeake •& Delaware
Delawore Division
Lenlgh N avlgatloa
Morris
do pref
Pennsylvania ..
Schuylkill Navigation

112

\forrl8, boat lotn, reg.. i885

&

—

6d
7ti

Pennsylvania 6s, coup., :9i0.. 59'
Schuylkill Nar. ist m.6s, '97. 60
do
2d m. 63. I'M
59
do
6s, boat* car, 19:8
do
7s, boat & car, 19 5 60^
Susquehanna 6s, coup.. :9.8." 30

Ac

I

&

Chesa't.

108
114
114

cp., I91i
58, reg.
68, gMd. reg
79, w't'r In.rg.
do 73. itr.inip., re>r.,'S3-S6'
Jersey 6s, reg. and coup.
coup.
exempt, rg.
do

Nesquehonlng Valley
Norrlstown ..
Northern Pacific, pref
North Pcnni-ylvaula
Penney vaula

lis

1'4

.

A

do
do
do

do

79
V6
05

.

Allegheny City Vs. reg
Pitt90urg 49, coup., 1913

rto

92
97

Stony Creek l8t m. 7b, 9J7....
Sunbury & Erie ist m. 73, '97
Unlon&TiLUSV. ist m 78, 'dO.
United N. J. cons. m. 68. '94
Warren & F. ist m.7s, '9j
West Chester cons. 78, '9 ..
West Jersey 63, deb., coup. .'83
do
!Bt m. 6a, cp., *96.
do
let m. 7h, '97
ill
105H Western Penn. KR. 68, 893.
do
6s P. B.,'96.
113
CANAL BONUS.

.

It6
66, old. reg
do
do 6b. n., rg., prior to '95
do 6s,n.,rg.,)895A over
Alletrheny County 5s coup..,

Cam.

412,729,867
403,<13,6i8
4li8,412 S7j
378 019 171
W0,214 147

Maine 68
New Hampshire

Pldne, reg.,lS(9
Philadelphia, 5s reg
6s, In.

319.2-15,693

25,207,500
27,091.200
28,477,500
3 ',193,600
3l,-MO,000

SaOUBITlKS.

.

Belvldere Dela.

78

:st, 68, i884.

1,

68,10-15, rcK-. l-77-'Si. 10 i
68.15 25, reg., l8S3-'92. 113

Camden &Amboy 63,coup,'33

*39,-256,100

IT

STATE AND CITY BONDS.
Penna. Ss, g'd, int..reg. or cp.
-.
do 58,*ur., re<
do 53. new. reg., 1892-1902

420,915,000
400.191,923
;«7,2ro.3-5

22, 122,4 jO

ftUOTATlO.NS

&
*

208,58-2,4)0
206,7-24.100

16,5'5,530

239,173,91)0

19,>.74,(.00

..

15
112

,

weeks

18,9:«,0)0
19,566,800

2)6.9-1,21)0

do

I

.

St. LouIs79.19'X)
7a, 190l

Ind.

&

St'iubenv.

PHILADELPHIA.

Gjmden &

PhH.&R.,m.78,reg.&cp .'92 3
Phlia.Wiim.* B-lt. 69, '84

Shamokin V.& Pottw

Vermont &
Vermont & Maaaacbusetts.
Worcester & Nashua

74,200

238,518,201
237,5 H,im
239.764,201

2:{:),«36,:103

do

Inc.. |1,41!,300

Dec.

41,313,900

18,7.4,.500
19.45 .,800
19.7..7,8 10
18,324,0,10

:

Circulation

19,913,000
9.274,700

15,935,900

.

common

Canada

do
do
do

eBCTTRITIES.

Pitts.Cin.A

preferred

Phila-ielplilaft Erie

457,900
11,591,300
>,807,i00

Net Deposits

19,''61,600

16,531,700

.

Boston
Boston

61,0

373,(103

l,-22f>,600

213,026,500
209.453,700
2IO,5t4,100

i»3>^

.

|

50,789,000

16,'.52..3il0

do

Camden County tis, coup...
CamdenClty 63, coupon ...

|

1,250,009
16,010.100

1

Sept. 1.. 24i,7T-,10l
Sept. 8
213,920,800
Sept. 15. 211,79.5,1.00
Sept. 22. 243,978.401
Sept. 29. 241,817,801
Oct. 6... 2.38.470,900
Oct. 13.. 2;8.2J9,60:|
Oct. 20.. 83'i,l,83,800
Oct. 27
236. .'87, 400
2;i6,2Iii.6O0
Nov. 3
Nov. 10. 233.'6^300

Nov.
Not.

Ii.

AabiaLia,

N.

a97,OCO
5,400

331,1)00

are the totals for a aeries of

Loans.
S

1877.
Aug. 25.

2,485,200

Ogdensb.&L.Champrin, pref 104^
»3
Old Colony
Portland Saco & Portsmouth

4'5b',66o

66,385,200 243,057,300 .32,146,900 31,877,000 211,713,000 19,637,100

Specie
Legal Tenders

Ask.

8KCURITIE8.

896,000
160,400

Thedeviationa from returns of previous week are as follows
Loans

BOSrO.V, PHII.ilDELPfIIJL, Etc-Contlaued.

2,074,3110

3,2n7,3!l0
2,282,1.00

K

New York County

IS.-i.OOJ

9,373,1 00
6,4(19,700

1,45-2,100

1..339,100
;,ooo

39,000

4,524,600
7,061,900
2,83 1,000
4,128,000
8,016,100
1,472.100
10.823,4uO
2,596,600
2,114,400
1,1 80,000
990,000
b8<,700
2,332,400
897,200
1.4-3,300

l,4i0.000
204,400

1,666,400
4il,800
536,500
111,000
12,(00

tion.

s

[Vol. XXVI.

Louis 68.10 g
water 68, gold
t
do
iio
new.t'
do
do
bridge anpr., g.68 t
d«
68.-*-

cur. 7s
do
t
St.L.&SanF. ItU.hds, ser'sA
do B
do
do
do
C
do
do

t

105H

losH
renewal, gold,
sewei g. 63, '9 -2-3.t 105>4
Louis Co. new park, g. 63.
,

St.

103
106
1U6

And Intereat.

1031^

107

Fkbrdart

1«, 1878.J

U. 8. active Bondt

THE

(mRONlCI.]^,
(QUOTATIONS OK STOUliS AND BONOS IN

»i. 18!U

do
do
do
do
do
do

M, liM
81. l!iM.
b, 1»J8
S*.
Ha. Ala.

M.*

m

R. RR..

AUb.K

Cblc, Rk.

l!i»3

do
do
do

7a,
7a,
7a,

do
do
do

MSH
.

fa,
7a,
ta.
8a,

M
SO

noatlng debt
Penitentiary
levee

do
M, do ISDS

t»
86

do
do
do
do

iiS

Chic,

M
M

....

7a, I83U
ta, due 1878..

mnonrt
do
do
do
do
do

..

due 1886.
do 1887.
Rev York stateLoan,
1878..
..
Canal
la,

J....

Hena.

Claaat
104
108
lue

Rhode Ialaod6i
Bonth Carolina ta
act, 1866
I»<9.

J.ft J
ft O....

A.

7aofl888
Non-fundable bonda ..
Tenneaaee 6a. old
do
ta.new
do
ta. new aerlea.
Virginia ta, old
ta, new bonda, 1^66

do

la,

1811.. ..

ta.conaol. bonda

1

.

au
3U
30
5tDi
77)4

RtUIroad Stocks.

79
100

Clere. Col. CIn.ft 1
CleTe. ft PIttaburff, guar..
Col. Chic, ft 1 Cent
Dnboque ft Slonx City.

Erie,

ft

BnSaloftSUte Line 7b
Kalamazoo A W, Pigeon, 1st
Dct. Mon. ft Tol.,18t 7s, 1906.
Lake Shore DIv. bonda
do
Cooa. coup., lat.
do
Cons, reg., 1st..
Cons, coup., 2d..
do
Cons. reg. ,2d....
do
Marietta A Cln. Ist mort

82

70«

89
78

sin

76, 190! . .
8b. 882, a. f .

m.
equipment bonda.
1st

New Jersey Southern
do

do

latm. 7s

conaol. 7a

N. Y. Central

Brlepref

Harlem
ft

Ohio A MIsa., consol. sink. fd.
do
consolidated....
do
3d do
....

LonlaTllleft Nashrllle....

Kanaaa A I'exaa.
New Jeraey_Southern
New YorkKlevateu ltl{..
N. Y. New Haven ft Hart.
lllaaourt

Ml«9laa'ppl,nref
FltU. Kt. W. ft Ch., guar,

I

do

(to

do

do
ft

apeclal.

.

9^

.

M

Saratoga

Rome Watertown A
LoulaAllonftT.
do
do

St.

Og.

U

.

pref.
BeUcTllle* So. ni.,pref
Bt. L. I.
ft Southern...
Bt.L. K. C. ft North'n.prel
Terre Haute ft Ina'polla

10

M

CnltedK.J.K.
Warren

niscePons

5N

c

ft

ft Pa -.Tel. ..
Ulatrlct Telegraph..
Canton Co., Baltimore...

Am.

Fenn.
SI

saw

RR—

Fltta. Ft.

do
do
Cleve.

W. A Chic,
do
do

.

m.
8dm..

A Pitu., uonsol.,

aJ. .
4th mort....
Ind. C, lat mort
do
do
3d mort
Borne Watert'n A Og., con. lat
St. L. ft Iron Mouutain, lat m.

UarlpoaaL. ft .M.Co
'
do
do
pref.
OnUrloSllTCr .Mining....

St. L.

Railroad Bonda.

iSUrk Eichnnit l-n,:ai.)
Boaton H. ft trie, lat m..
do
guar.

Bnr.C.R*
Chaaa.

ft

North.,

Ohio

do

|

i

lat 5».;
it, lat m.

ax eoop

PeorU

do
do
do
_ do

A

ToL ft

,

t^H
5^H
lOS

89)4

84)

84
luB

1U4)4
t>6M

..

8«H
»ht COM
87)4

»'<n

117k
...

W

Indlanapoll ft St. Louis ist 7s
Indlanap. ft VIncen. lst7B, gr.. "e»
International iTexas) Istg ..
Int. H. A O.N. conv. 8s... .... "20
Iowa Falls A SIoui C. 1st 7b. n«
lackaon Lana. A Sag. 8a, 1st
lial. Allegan. A O. R. 8a, gr.
»2)i

m
.

do 7a, g., I'd gr.,J4J,'8(
do "s, g., do .MftS.*
do tB,gold, J.ftD., lifJt
do 6a, do F.ft A., ;89S.
do 7a, Leaven, br., "St.
do Incomea, No. u
do
do
No.lt
do
Stock
Keokuk A Dea Molnea 1st 7a.
do
funded Int. Ss
Lake Snp. A Miss, lat ;a, gold.
Leav. Law. ft Gal. 1st m., lOs.
Long Island RR., lat mort.
Looiar. A Naahv. cona. m. 7s.
do
3dm.. 7s, g..

38

83^

Mont(Jlalr

8a, 1890.. ..«

AO. L.iat

N. Y.

AOaw.Mld.

1st....

ad

70X
83
28
12
12
Ou
83
15
23
VO
103

H

81)i

7a,

«
41

do

6e,
6e.

48
...

old

80
75
XO
38
37

'.'.'.'"

'''

new

Orleans prem.Se...

'

'

conaol. ts
!
railroad, 68..
.
wharf Imp'ts, 7-30

80

85
87
43

80
89
:02
100

107
103

Savannah 78, old
38
.'...!!!
do
7s, new
38
WUm'ton, N.C., 68, gold ( coup 60
70
do
8a, gold) on.

40
40
75

'.'.'.'.'."

6s

RAILROADS.

63«

I

Atlantic

Gulf, consol
do
end. Savan'h.
do
Block

do

do

89
40

78

ft

....
...

gnar...'..*.

40
Carolina Central 1st m. 6a. g...! 35
Central Georgia conaol. m. Tail' 1
48
do
stock
71
Charlotte Col. ft A. Isl M.7a..i 67
do
do
...
stock ...
ioV
Cheraw ft Darlington 8s
100
20
88
EaatTenn. A Georgia 6a.. !' 'I 80
100« Kasi Tcnn. ft Va.
90
end. Tennj 85
89
E. Tcnn. Va. ft Ga. Ist m
78
40- 48
do
do
stock..
103
104
Georgia RR. 7s
K-O
es
do
HS
stock
69
87
Greenville ft Col. 7s, 1st mort.
40
do
34
7s. guar.
Macon A Aognata boada.
vi
93
do
2d endoraed. "si
84
do
atock
90
Memphia A (;harle8ton lat 7a.. "u6
J^x
80
78
do
2d 7e... 74
an
8
do
6
atoctt..
89
3S
Memphia A Little Rock lat m. 30
eo
100
Mlaafaalppl Central lat
87
78
70
81
do
2d m.Sa .. 87
72
32
Mont. A Eufaula lat 8a, g., end 28
40
«7X Mobile ft Ohio sterling es. ... 40
25
45
do
do ex cert, la 40
88
do
8a, Interest....
28«
i

i

.

i

I

H

0^ *H

I

!

^

m

.

I

82K

8t)

do

N. Orleans

ft

ioo
.-0

69
20
72
84
33
14

mong. 8a....

Nashville Chat, ft 8t. L. Is.
Nashville ft Decatur, 1st la....

Norfolk

ft

Petersburg

do
do
Northeaatern,

S.

108

88
83
43
7

Rich. Fre'kab'g

84
80
84
94

8&

m.Sa
do 7b
2d m. 8a 80
C, iBt m. 88..
2d m. Sa..
ts(

do
Orange A Alexandria, lata, ta.
do
2aa,ia..
12M
8
do
Sda,8i...
92
do
4tha.8a..
72
Rlchm'd A Peterab'g lat ra. 7a.

SO
29
85

10
100
100
91

3dmort.8a
ut m.Sa. 103

Jacka.

Certificate, 2d

....

m
m
80

80
90

IM
...

9S

80

24

sd

16
|l'4

..

•

A

Poto. ts
06
do mort. 7a 100 104
do
Rich. A Danv. lat consol. ts...
Southwest RR., Ga ,conv.7s,'8t SI** io»
;). Carolina RR. lat m. It
75

»

91
l»

80

W

.

34
36

^

IV*

7b, 1902
do
do
78, non mort.
...
atock
do
Char,
lat M. 7a.
80
43^ savannah A
10
Charleston A Savan'h la, end 20
24
Weat Alabama Id m.aa, guar.. 87
latm.sa
9
dn
97

PAST DVB OOOPOirS.

Tenneaat estate coupons
Bnatta Carolina conaol

..

(other)

80
30
30
3»
99

A Chatt. 1st m. 88, end
7
do Kec'ver's Cert'8(var.Nos)l 20

tan.

t Anil accrued tntareit.
* Price nomloal.

3:1

...

C. Rb'.'.';

Ala.

6
20
8
SO

recelv's ctft.(labor>

.

2S

13

40

;s

do 2d m. Va
Mo. KUk Tex. 1st 7a, g., \»M-11t
do
2dm. income..
N.J. Midland lat 7a, gold
do
3d 7a.
1. Y. Elevated RR.,tatm...,

do
do
do

.

.

Michigan Air Line

.

80

ft

Norfolk 6s
Peteraburg 68
do
8s

40

.

M.

end.,

do
do
do

111

m

.

inSM

.033

18

t4M ^lamazoo A south H. 8a, gr.. tflO
iCanaat City A Cameron 10s ..
...
tM
Kanaa* Pac. 7B,g..ext. MAN,'99 48X

lOlM 102
104K 109

New

20

Ist mort., 6s
.2d m. inc. 7i.,

68
87

80
3»

5a (coups, on)
8a (coups, on) ,,,.

Richmond

.

W*X

Memphis bonds C
do
bonds A A B

„ do
Mobile

do
do
68, lunded
Montgomery, new 58
do
new 38

t 100

o

,

.

<»H
mx

[

liu

do
42
1st ex 1, g. Is.
Grand River Valley J», isf m". tto
130
Houston ft Ot. North. Ist 7s,g.
lUouB. ft Texas C. lat 7b, gold.
f's
do
consol. bda.. ^60
103X
v.7

Waraaw, K. D.
W. D..
do
do Bur. Dlv.
do 2d mort. 28
do conaol.7a 28
Wabaab, lat m. extend.
ft

8s

.

VtS

{

U. Ssda.

—

do
2d m..
Alton ft T. H.—
Alton ft T. H., Ist mort ... 109
do
2dmort.,pref.. S3W
do
2dmort. Inc'me ....
70
Belleville ft S. III.K. lat m. 8a

Tol.

III.

do

I02)»

^
50

i

.NlacoQ bonds, 7s

do

no
'^«

85
85

Lynchburg 6s.

Nashville

ChIc A MIcn. L. Sh. 1st ss, '89. t<0
Chic, ft S'thwcstern 78, guar
05
Cln. Lafayette ft Chic, let
70
!"*,
Col. ft Hock V. l8t 78, 38 years. 101
i**^
108
do
1st 7b, 10 years. 100
-00
do
80
3d 7s, 20 years.
Connecticut Valley 78
50
v .
iOSii ...
Connecticut Western lst78 ..
10
Dan. Urb. Bl. A P. Ist ni. 7s, g
}U8X,110
20
Denver Pac, Ist m.78, ld.gr..g. 44
}0«>a HO
Denver A Rio Grande Is, gold. •45
>'!«>«i'Jl2
"WJa O"!^ Des Moines ft Ft. Dodge Ist 78,
10
""^ Detroit * Bay City 8a, end.
70
...
DutcheBs ft Colmnbla 78.
...
10
Erie ft Pltteburgh lat 7s. ..
»7
"'«K 107
1 > IH
do
con. m. ,7s,. 80
do
7s, equip...
EvaoBVIlle ft Crawfordsv., 7a, ioo
Kvau8VllIe Hen. ft Naahv. 78..
40
,„.
105
,06« EvansvlUe, T. II. ft Chic. 78. g. •30
10«
flint ft Perc M Ss.Land grant •so
1U3>4
Fort W., Jackson ft Sag. 8s,
£0
Grand K.ft Ind. '.st 7s, Lg., gu. 82
J'-'^^
118
do lat ts, I. g., notgu. 82

do

31

A East.

Columbia, S. C, 6s
Columbus, Ga., 7s, bonds..

101

100«

IOO

180
I

I00« lOlH

110
105

2d

ilo

Chic

.

..

.

latm.

Cent. N.J. I^nd ft Im. Co.
American Coal
Oonaolldat'n Coal of Md.
Cumberland Coal A Iron
Maryland Coal
Pennaylvania Coal ....'..
Spring Mountain Coal..

Col.

A Minn. 88
Hannibal R.

4 Iowa

Chicago Clinton A Dub. U,
ft Can. South :stm.g.7s.

Chic,
Cblc.

.

!<tocks,

AtlanlU:

do Cal. ft Oregon lat
do Sttte Aid bonda
do Land Grant bonda..
Western Pacific bonda. ...
Union Pacific, lat mon. b'da
Land granta, la.
do
do
Sinking lund...
FadficR. of Mo., latmort...
do
3d mort
do
Income, 7a.
do
latCaroQ'iB

p

Grand Trunk....

A

30

80

87
88
80

1

Charleaton stock 6s
65
Charleston. S. C, 78, F. L. bda.'

>13

32

88

waterworks
Aagnsta, Ga., 7b, bonda

«8),'

104

48
9»

CITIES.

I'll

100

71

lOS
'"*>
i:i
gold, 1892-1910. J.&Jt 1 10
gold. 1901 .J.AJ ..t;HlSa 113
pension, 1891.. J.AJt'03)t lOiH

7s,

7s,
lOs,

do
do

7S

.

85

Atlanta, Oa., 18

80

83

.

55

do
do
do

111
102

81

A Warsaw 88

43

110

..t lOOHi

Cslroft Fulton, Ist 78, gold..
California Pac. RR.. 7s, gold

American Central

lat Spring, dlv..

FaclBc RailroadsCentral Pacific gold bonda
do San Joaquin branch

157

ft

6thS.,do8s

Alabama new consols. Class A 42
do
do
Clasa B 70
do
do
Claaa C 41

Georgia 6s, I878-'89
South Carolina new consol. 6«.
Texas 6s, 1892 ...
M.ftSt

113

de
6b, 2a m. g. 74
Canada Southern, 1st m. ciup. 64
do
do reg....
ftt

Chicago

HUM

Lai

Long laUnd

do

Peoria

H

JoUetft Chicago

KX)
10»

Chic. Dub.

6a, 1883
6a, 18«7
do
6a, real estate..
do
la, subscription.
do
Hudson, 1 Bt m.. coup
do
do
Ist m., reg.. •.do
>
Hndson R. 7s, 2d m., s.f ., 1685
Harlem, 1st mort. 7s, coup...
do
do
7s. reg .... liWH
NortbMlBsourl, 1st mort .... ifaji

A

,

1903

.

STATES.

long... 1 112)i 115
1U9
f 102
111
t 10«

HI
HJ

1st, 7s

(JBrokern' Quotaaona.}

...

bds., 1903+
+

8s...

Soattaern Secnrltlea.

....

lib"

Deb. certs

lOo

.

Water

HO

t ....
t 107

Central Pacific, 78, gold, conv.
Central of Iowa Istm. 7s, gold.
Chesapeake ft 0.2d m., gold 7b
Keokuk ft St. Paul 88 ...
Carthage ft Bur. 88
Dixon Peoria A Han. 8s.
(). O. ft Kox R. Valley 88

J-J*

new bda
new bonds..

7b

gnar.

7»,

mon.

78. 1st

Wlsconaln Celt.,

no
Bur. C. K. AN., 1st 5»,ncw,I906 <M
Bur. ft Mo. Klv., land m. 78. .+ 10»V HO
112
do
3dS., do8i...t 110
4thS:,do3i...tllOl»
do
5th8..do9s...t!lO»

}IPX

Ash., old bds

is,

108
iio
112

110

.

.,„.

do

de

do
do

Central Paclflc

Renaaelaer

KO

lat mort..

new bonds

Water

sink. fuml...
lat

114
union A Loganaport 7s
102
Onion PacIlTc, 8o. branch,
107« Weat Wisconsin 7t, gold taj;

1D9

t

70
01

So. Pac. of Cal., 1st -'A" «e. g.
Tol. Can. So. ft Det 1st 7b, g

104

Atchison A Nebraska, 8 p. c
Atchison ft P. Peiik, 6-. gold..
Boaton A N. Y. Air Line. 1st m

llnofs

Ind., S.F.. 7 p.c.

ft

Oswego

Sulncy

Tol. sinking fund

do

do

lOSfi

2d mort.

Cleve. P'vllle

.

Chicago ft Alton
do
pref

A

W.,

»

A Newark ;a.

Sandusky Mana.

.

USX

Mich. Cent., conaol.

Suaquehanna.
Burl. C. Hap. « Northern.
ft

Cleve.

Buffalo

4j

A

do
do
Lake Shore—
Mich 8. ft N.

1^

8B« 38
SJH h7
3S
36«

amall..
reglatered

Indlanap. CIn.

05
8»!.
I

Central—
ft Sloox Clt7,lst m.
do
2d dlr.
do
Cedar F. A Minn., 1st mort..

Indlanap. Bl.

;08^ Sioux City 4 Pacific 6a
ior« South Side, L. 1., 1st ro. hondi.

...

107

KAILROAD3.

I....

Dobuque

(Active preti^uxtt/ quot'd.)

Ohio

A

t

tndlanapolla 7-30S
Long Island City
Newark City 7s long

Toledo 8a. 1889-'»4
Toledo :-80e. ..
Yonkera Water, due

Illinois

111

ex matured coup. ..
ta,con»ol.,2d aerlea
ta, deferred bonda
Dlltrlct of Columbia 3.15a.

Albanj

rnn^. irii't''
Saratoga. 1st conn,

loo

7d

A

L.

Southern Minn,

various

6e,

liocfieater C.

m

tat

80

[St.

South. Cent, of N. Y.

t
t

1885-93

Poughkeepsle Water

Buff. N. Y. ft K. lat. m., 1916...
Han. ft St. Jo.. 8s, conv. mort.

SJ
30
30
40
40
32

la,

do
do

106

<]

July
April* Oct
ft

188>,

,,---

,---.

.

Ohio M, 1881
do ta,i88«

LasdC.

do

ait

So'eaatern lat 7a, gold.
St. Louis Vandalla ft T. IT lat.
do
2d, guar
,
„

100

Albany, N. y., 68, long
100
Buffalo Water, long
t '"
Chicago 6s, long dates
| 100
do
7s, sewerage
1^8
-f
do
7s, water
t 10<l
do
7s, river Iraprovem't t 108
Cleveland 7«, long
t 109

Hartford

18

do
do
claaa B
do
do
claaa C.
Sooth Pacific Rallroad.lat m

•VN

t)VH

do

Detroit Water Works 7a
Elizabeth City, 1880-95

Ist re{let^d lis
do
112
extended
endorsed
do
do
do 2dmort.,7B, lSi9
do 3d do 7a, 1883
do 4tb do 78. I8«l
do Sth do 7b, 1888
do 78, cons., mort.. g'd bda
do Long Dock bonds

Claaa <

Land C,

«3

Erie, lat mort.,

New bonda, J. & J
A. to
do
pedal tax, Claaa 1

rundln«

103>i

m

Art

70
.. ..A.ftO...
do
do coup. off. .1. A J., ei
do ~ do off. A. & O 51
lox 13
randlnsact, 86«
1868
do
VI

Jan.

M..

ft

WH

80

PoklnUnclnADec't'r.latm
Western Union Tel., 1900. coup •••.
do
reg....|107
do

BO

00
M
la

'

CITIES.

1891
do
no
do
do coup. 7a, 1891
do
reg. >. 1891
do
lat
bonds..
Albany ft Susq.
.d
do
do
do ....
do
3d

.

do
do

A

80
79

104W

"
01

I

Rome W'town A Og.iat m.con.
ft. L. A I. Mt. (Ark. Br.) 7a, g.
St. L. A San F., 2d m., clasa A.

do

MX
w

Del.

ex coupon.,
do
do
2d mort.. 93.
do Rx ANov.'n.coap.
Qnlocy ATolodo, lat Mi..'90..
do ex mat. ft Nov.,'r7,cou.
IlUnolH ft 80. Iowa, lat mort
do
ex coupon. ..
Han. A Crnt. Missouri, 1st m

104)4
'

...1*80
10

E2rtH''™'>,*'-.M.ra,g.end.;
k*. Pnllman
B7X
Palace Car Co. atock

{Jirokeri* Qtiotations.i

let mort ^HS**! S,!**
St. Peters, ist m...

A

118

mort

J. let

ft

PeortaARock L
<-eanaauocK
I. 7b, gold

niscellaneons List.

ft

Morris

109}<

do coup.. !887. ...
do loan. ..1888
110
do do . 1811
110
;8W
la,
do do
18ag.... lie
la,
do do
north Carolina:«»
la, old.J.A.1

A

1

7s, conv.
do
Easex, lat.
do
3d mort
bonda, 1900....
do
coustructlon. 75
do
do
78, of !S7I ...
do
lat cou. guar.
Hadaon Canal, lat m.,'84

do

10!)

IWH

U,

J.

1)9

2d mort
Ind'a Ist m. 78, 8. F..
consol. m. bonds
Del. Lack, ft Western, 2d

ta,

A.AO

•oo>^

!Bt

do

la

do

"ii

linn

Mllwankee.

ft

C. C. C.

•a,go!a.reg....lSi;

H.C.KR

una

do

ISdi

Joa.,

ft St.

110

H.ft D.

latm.. C.

Winona &

181 1U5X

do

I07H
I07g

consol. Btnk. (d
do
do
2dm
N. Weatern sink, fund
do
Int. bonda
do
conaol. bdB
do
ezt'n bda..
do
lat mort...
do
cp.gld.bda.
do
reg. do

ft

Chic,

1886 109

188$ or '9 i06«
AlTliun or Dn., dae 189^. 10o>,
lOiO.
Fondlns, doe 18M-«...

Han.

lat m.,

lat m., 1888..

Great Weatern,

mort. 8a...
Galena ft Chicago Extended.
Peninsula lat mort., conv...

ioo
lSK!or1» loa

do
do
do
do
do

do
do

d}
do
do
do
do
do
lova Midland,

25

to, of 1910
7a,con8olldated '8l>t
SI
7a, amall
100
Hlclilsan 6a, :87;-7»
6ii, 1883
103
do

do

too
107

jPeorla Pekin

M

110

do
latconaol...
do
con.conv...
Lehigh ft Wllkea ll.con.guar
Am. Dock ft Improve, bonds
Cb. Mil. A St. P. .at m. 8a, P.D.
do
do
Mm. 7 Sib, do
do
do
let7a, gd ,I!.D
do
lat 7a £
do
do
do
do
lat m.. La C. D..
do
iBtm., I.ftM.D.
do
do
do
latm., 1. A D..

llWa 108
104
lUO
100
100

ta.new

do
do
do
do
do
do
do
do
do

io«K

-

Pac.

do
do

lie
1(M

enaoraed.
Kold bonda.
Illlnola6a, coupon, int.
war loan
do
Kejiliick7la
Iioalilanata

118^

—

7 8-10'..

Omaha A SoDthweatern
RR.da
"* •Rome 7a, guar ....
Oawego A

luort

2fl

may bt^

aiobiiTfia.

—

lon)^ 'North. Pa«. latm. (Id.
' "

do Bx A Nov.,'n, coup. 72
do
•(luln'l Uonda.
do
con. convert...
do Kx. Nov.,*78.ft prev'a 43
—

1U6H

8. K. Inc.fa, *t9
ta, I9;7, coupon,
60, 1917, regitt'd
J., [at m., new.

Central of N.
106

60

new bond!..

A

111.

do
do
do

"m

YOliK.

Bid. Aak.

Wabaah, ex coupon
100
lat m. SI. L. dlv. W*
ex-matured coup.

rol. ft

109

...

La. A Mo., lat m.. guar
St L.Jack.A Chlc.lat
Cblc. Bur. ft (J. 8 p. c, lat m.
do
do conaol. m. 7a
Da alnk'g f 'd. A.ftO
do

Arklip«u^, fuikdud
do 7>. L. II. « Kt. S. lu
do T.< .M^iiitihlft A L.H.
do ;•,;.. •i.V. 1I.4N.I)
do 7a. MIM. O. * K. H
do Ta. Ark. Cent. KU...
Connecticut
e«ortla 6a

V*

Jhloago

8»of 1»K
81 of

•ODBiTiaa.

A Alton lat mort
do
Income.
JoHet A Chicago, lat m

State Bond*.

SKW

Frieei ref/reseal th» per cent value, whatever tht par

axotrmiTiia.

uoou'riBa.
AUuxiiia

a prevunu page.

Stoelu are Quoted on

and Railroad

16J

Virginia coupona

coaaoi.cona
do
Memohla CltT l^opou, .,,....
•

rttea 'ut.Uai

80
49
»n

.

ia«

iw
SO

aTM
80

40

THE CHRONICLE.

164

3nt)e0tmcHt0
STATE, CITY AND CORPORATION FINANCES.
The Investors' Supplement

published on the last Saturday
of each month, and furnished to all regular BubHcribera of the
Chkoniclk. No single copies of the Supplement are sold at the
office, as only a sufficient number is printed to supply regular
Bubscribers. One number of the Supplement, however, that for
January, is bound up with The Financial Keview (Annual),
and can be purchased in that shape.

ANNUAL

1b

REPORTS.

Illinois Central Railroad

Company.

(For the year ending December 31, 1877.)
The report of the directors to the shareholders furnishes the
following: "The directors have the pleasure to report a much
improved result for the year 1877, chiefly owing to greater
economy in expenditures. The details of operation, elsewhere
given, show net earnings for last year, $2,546,561, an increase
over the net of 1876 of $401,785. Owing to the exceptionally
mild and rainy weather prolonged into midwinter, rendering the

[Vol, XXVI,

the traffic passing through Oilman, which should properly go to
Chicago.
"Finally, in regard to the competition of several years past between water communication from Chicago eastwardand the trunk
railways which latter determined at one time to take tbe traffic
from Illinois to the seaboard regardless of cost or profit it ia
well settled that the inter-State railways have played a losing
game. During eight months of water communication, the facilities for taking freight by water are so much improved that the
actual cost of water transportation to the seaboard is less than
half the actual cost of rail transportation. It is admitted that
the outlays made to increase the carrying capacity of the railways
have been improvident and since the reduction of the tolls upon
the Erie Canal, by the State of New York, cheap water communication is so firmly established that the effort to take freight by
rail during the summer months has failed, as indicated by the
reports of several of the leading railways. Daring the contest,
freight was carried in large volume at abiut half the actual
expense incurred. It can hardly be expected that the public will
loan more money to renew this contest, which has so seriously
disturbed the value of railway properties.
Chicago is, and must
continue to be, the great inland port. The tonnage of vessels
going in and out of Chicago last year was 6,585,415 tons. With
three millions of population in Illinois, and three or four millions
in the States west and north of it, its location as the nearest outlet to surplus products of that large population establishes it
permanently as second only to New York iu its importance aa a

—

—

;

highways impassable, the traffic of 1877 did not have the beilefit commercial centre.
"Your directors have had the pleasure to elect Mr. William K.
of the large harvest. The corn crop in Illinois alone is estimated
Ackerman to the Presidency of this company, a position which
at 370,000,000 bushels, and the wheat crop at 82,500,01)0 bushels.
The greater part of this still remains to make traffic in some form he has earned by twenty-five years of faithful sarvice."
for tha railways.
"At the suggestion of the foreign delegates, the dividend dates

were changed from February und August to March and September, in order to avoid danger of error in estimating net traffic for
each half of the fiscal year. 1 he net receipts for 1877, from
Out of this sum were
traffic and lands, amounted to 12,654,697.
paid two dividends, each of two per cent, $1,160,000, and the
interest on the funded debt, $583,990, leaving balance of $91 ".,706.
Deduct the sum disbursed for permanent expenditures in Illinois,
$73,603, and the amount used to establish the Insurance Fund,
$48,000, and there remains a balance unapplied December 31,
1877, of $790,103. It will thus be seen that the balance brought
forward from the year's income corresponds, nearly, to a third
During the year, $154,000 bonds have been paid,
dividend.
reducing the funded debt of the company to $10,508,000.
"In July last tbia company assumed temporary charge of the
line formerly known as the Oilman Clinton & Springfield Railroad, with the understanding that the entire receipts should, for
the balance of the year, be laid out upon the property. The new
company which has since succeeded to the possession of that
property, is known as the "Chicago & Springfield Railroad Company," and from it the Illinois Central Company has now taken
the lease of the above-mentioned line. The consideration for its
control, practically

made permanent,

$1,600,000 Illinois Central
6 per cen'. currency bonds, to be issued in the course of the next
month, secured by a mortgage on the 112 miles of road between
Oilman and Springfield. Tbis mortgage,
.de by the Chicago
& Springfield Railroad Company, admits of tbe issue, from time
to time, of $400,000, additional bonds, to be used as may be
found necessary in improvement of that line. This lease is pursuant to recommendations of the foreign delegates, and ensures a
valuable feeder to the traffic of the main line.
"The final decreeof the Court confirming the consolidated mortgage bondholders iu possession of the New Orleans line, was
entered in November last, and the final transfer by the receiver
to the purchasers was made on the 3l8t December.
The transfer
of the Tennessee division necessitated payment in full of the
debt to the State. Sioce 1st January the entire line, extending
from New Orleans to the Ohio River, has been under the control
of Mr. James C. Clarke, our Vice-President.
Mr. Clarke has
made repairs to the plant, bridges and other structures, and has
re-laid nearly 200 miles of the track
10,000 tons of steel rails
will be laid the coming spring. It is proposed to extend the line
2i miles up the Ohio River, to a point opposite the Illinois Central freight depot, by the 1st August next.
The money derived
from the traffic of the road has betin used, under the orders of the
Court, partly in paying local debts and partly in improvement of
the properly. This company has advanced, for like necessary
purposes, about $1,000,000, against which it holds $1,138,000 of
well-secured bonds of the Southern Company, of lien prior to
that of our previous investment. Our company will also hold
nearly three-quarters of the capital stock of the new Southern
Consolidated Company. The traffic, even during this transition
period of 1877, has shown a decided gain, and our deliveries o(
freight at Cairo, destined to the South, increased nearly 50 per
cent beyond those cf 1876
"In Iowa the indications of public sentiment toward railways
are more favorable.
The efTect of injudicious legislation on the
interests of the State has been so severely felt by the people that
there is a probability of repeal of the unwise and restrictive laws
which crippled the railways of the State and forbade further
investment of capital. Tbe directors regret not being able to advise any result to their efforts to reach a definite settlement with
the owners of the Iowa line, whose demands have been greater
than the board could justly meet.
"For many years we have bad close relalioDB with the Toledo
Peoria & Wnrfaw Railway, on which foreclosure proceedings are
now in progress. The mansgers of that property evidently desire
to consolidate it with the Wabash Railway.
This is in conflict
with our interests, and we are endeavoring to retain our share of

RECEIPTS FBOK OrEBATION.
Freight
Passt-ngera

Mail
SspregB
Sleeping cars
Rent of property

96.

112,9.H

,

21,

MS

68,883
iao,ii8
4,319

Heiit of track
Storage Eiud dockage,

Switching
Train news agency..

OPEBATION EXPENSES.

I

t),0.3a,3!6
1,037,5;40

i

8(,9i)9

3,055

$149,595

Salaries
|

Gireral expenses
Claims and damages
Station expenses
Train expenses

109,841
35,397
51*2,005

146,388

Maintenance of structures and
properly
M lintenance of equipment.

100,731
56'$,994

,

Miiuienanceof way
Telegraph expenses
expenses
Miscellaneous expenses ....
t-^leeping car

Net earnings over C.B,& Q.
Net earnings overT,P,&W,
Cairo Wharf boat

t4,52-J,591
39.(,7O0

43,47b
4,410

Inter-State transfer

Earnings over other lines,

651,053
56,134
36,781
155,434

52,,^77
104, -^19

.

Total earnings inlilinois. $%l'2G,TaS

Leased lines in Iowa
Dul)nque & Sioux City...
Iowa Kails & Sioux Ouy.
Cedar Falls & Minnesota.

D3I.4I2
4)1 934

.

Total

14'.i,793

$6,039,815

Total

ti,lSi,443

Leaving net earnings fi-om operation of road
Deduct Charter lax paid State of Illinois
Dtdnct tax paid State of luwa
Deduct rent of leased lines

$3,517,402

$316,351
66,575

587,9:3—

970,640

is

m

;

Net amount

82,516,561

GBNSBAL BALANCE SHEET, DEO.
Permanent expenditures, Illinois
Permanent expenditures, Iowa

Workirg stock

31, 1877.

$34,000. OJO

8b0,773— $34 ,8&0.7T3

of supplies

411,6!i2

&

First mortgage bonds Chicago St. Louis
New Orleans RR.
C()„ Tenn. Div. ($()J8,0C0)
..Cort $."<ia,snO
N. O. Jackson
North. RR. coup, bonds, at par. $510,000
Against which is liorrowcd
30U,000 -200,1 03—
Investments, New Orle:>n8 line
Cash assets
Mihcellaneoiis assets

&

742,300
5, ,062,994

596,145

,

411,

UO

$42, 115,036

Sh

res

$;9, 000,000

Funded DebtSix per cent currency rrdempliou bonds of 1890
$2,500 000
Six per cent sterling bonds of 13!)6, £.V 0,000
2,500,000
Five per cent sterling bsnds of 1906, £iOO,COO
l,O0ii,tO0
Sterling Sinking Kund Fives Outrtanaing—
December 31, 1876
£919,810 — $4,598,000
Less paid in 1877
9(,l'OJ-4,501,00O
18,800 -Seven Per Cent Construction Bonds Outstanding-

December

$61,ni'0

31, 1876

Less paid In 1877
Balance for 18 f7
Surplus

oO.OtO

—

4,0CC—

10. 508,000

79li,103
1,,81d,S33

$42,115,036

The following furnish some

interesting details of items in the

above account:
CASH ASSETS.
Asset?,

Less

New York

$807,-388

office

S)6,53S-

liabilities

$531,550

Assets. Chicajo office

5I3,O.JO

Less liabilities

44,-,731—

64,293

$596,146

INVESTMENTS -NEW ORLEANS LINK.
Chic. St. Louis & New Orleans 2d mortgnge bonds, $4,942,rOO
$4,912,532
Cash Advanced— foreclosure and other expenditures, to be refunded
159,172
In bonds and shares
$5,052,9:14

BUBPLUS.
Balance as per last annual report
$4,646,608
Ridnction on $61,000, (ill. Cliu. & Spring. RR. Co. bonds
IS.COO— $4,633,608
Deduct, pursuant to rccomniendalion of foreign delegates— a like amount being deducted from Ptrmaiient Expenditures, Illinois, leaving the cost of the
railroad in Illinois, as shown, at $34,9 0,COJ
2,316,675

Balance

$I,?16,933

INCOME ACCOUNT,

The following shows
year:

1877.

the application of income in tho past

February
Nel

r<

16,

THE CHUONICLE*

1878.J

cHpt. from operation of rtllwuy

In 1817

*''?^'?il

M

Llabllltlea, or Total of lDT<(tia«Dt.
6114 >6»i

»nd Oct. $ JO.OOO
Carrciicy redcmp, bond coupons, April
150.100
April »n. Oct..
Slorll. K«x p. c. Lonrt couponf.
J78,8M
Oct.
ami
April
;.
Sirr
I: f. t. boml coup'..
r.

.

c.^ili..

10

Ij*..lirtiiirv

f

p»y

cup

» In

truHti-eii'

58O,0OO-I.16O,0CO- Vi«,900

"

i~^
'ii'nno
.J?^

t91I,"0<i

7»;M08-

911,106

boiKlacutsiindingwas
DuriDK Iho yo:ii ilicre wtre redeemed

•mnm
mi.vm

With

3it),'i0-.:3

bonds
a surplus of bills receivable orcr construction

•

••

t^>''*'0

MLTOS
|68T,7C8

acres of land remaluli^g ui.eoM.

original constrnctlon
It will be Been above that the compaDy's
debt of 1 17.000,000 is all paid except four bonds. The lands
continue to yield a revenue.
corporalions
In tbeso unsettled limes, there are (ow railroad
which, after maintaininK their property, payinst out of their net
revenue their interest obligations and two semi-annual dividends,
carry forward a surplus of nearly $800,000— that, too, after
charging the expenditures on permanent improvement account as

operating expenses.

The

first

The Bailroads of Californiik
(For the year ending June 30, 1877.)
annual report of the Commissionors of Transportation/

recently transmi.ted to the I.egiulature, furnishes a series of very
valuable i.tati^ticB relating lo the railroads of California; and

from

this

964,00r>
BI,i!T5,Ii00

.\raador Br.*.
Berkeley Br.*

S,700
10,(100

Cal. Paclflc...
S. D.*
L. A.

12.000,OCO
14,000

Northern*
8. Pab. & T.*

•iifiHO

&

15.030
4,eoo
886,00
90,164
241,680
241,000
1,074,900
43.820
226.000
976,000

Mendocino

&

.Mont.

.

.

Sal.

V.

Nevada County.

....
;••;•
Le»Tlne a balance ontetandlng of
F»r the redemption of which there arc bills recelviblo and contracts
collected
and
not
sold
lots
town
and
lands
for donated

ontstanning of

Oiillfomla Nor.

Central Paclflc.

Stock. & Cop.
Los A. AInd...

report is as follows
nporl it was thown that the amount of oonelruc-

tlon

Which shows

Total

Pemun't

LlabUlt-s

Property.

Funded. Floating.

LAND DEPARTMENT.
our last u.ni.al

Receipt

880.000

Balance Income
Coustructloneiponaes, asptr abelract "F".
Set apart lo dilabllDh Ininranco fund
Balance to Oeuoral Account

The

All oiher

Capital
Stock.

4,640— tSl.oao

London..

Ihl?

iM,u.e.u>of^>'^^;Sr,IKi::..

Br

Cost of

lodebtedncts.

lUiLRoaus.

.

fl?..

165

document the following summares of the most imporhave been arranged.

No. P»c. Coast.

S.Raf.&S.Q.
Pittsburg
Sac. & Placerv.
8. F.<fcJIo P«c.

14«
',008,000

1, 879,870

43

SOO.COO

557,030

So. Pac. Coast.

South'n Pacflc.
Stock. JisVisalia
Vac. V.
C. L

&

50,00(1
8-2,025

Vlsalia

53,B0tl
:(i5,72e

61242

248 378
2U6,S88

347,164
3,814

16,207
116,867
47,600
8,017,114

66,429
36,093

"id.ixa

8,676

W5,t&2

151.169

8\000

l,«^9,'>80

20.817

3,7ro,3n

1,528,2C0
8,671,681

40,66-2

'400,666
'

149,000
201,555
176 e6i
100 000
36,763.900
71,802

MM

20,2-0
3,000

2«9

8,750,0,10

S.L.O.&S.M.V.
Santa Crnz
S. Crnz & Felt'n

1,814.000
168,861.608 145,8a«,679
181
28 219
14*
13,149
30,867,870 19,418,7]!
43
14,043
63.608
136.800
280,76b
280,766
606,841
1,100.34$
646,4ac{
4<9.'!C
112,361
101,8M
378.98
424,1?6
684,69^1
660,66
3,788, 14S
3,092,014
9-2,496
93,486

88>,C00
82,740,1)80 ll,S98.8iO 10,246,

27,-J89

iVoiooo
125,000

76,SS0
138,642
687,8-l'}

1,539,000

331,329
7; 9,460
68.464,017
1,032,802
447,0 iO
91.964

!i34,4?2

1.8-i9.(i4

961,000
"llS^OOt

213,ii57

38,073

4,566

5,.)-;3

111,833,728 121,675,6,S0a0,579,2;7|11.821,186 -265,914,871

Total

288,833
626,146
391,435
769 S'3
66.661,482
877,296
385,177
89,516

31-2,423
64-i,978

16,134
141,034
16,926
1.567

-^47,1

16,878

The railroads marked with an aslerisk (•), aggregating 136-27
miles, belong to the Central Pacific Company. They are new
Not including th<ise
constructions with unsettled accounts.
roads, the total length of all the lines completed on June 30, 1S77,
was 3.'543-64 miles, and their cost $246,814,135, or |97,03l 87 per
mile.
This cost varies from $120,071 10 in the Central Pacifio to
The cost of the California Pacific was
$10,225 32 in the Visalia.
$118,810 10 per mile, and the cost of the Southern Pacific $U3,477 93 per mile.

tant information contained therein

St.

Lonis Vandalia

&

Terre Hante Railroad.

MILEAGE AND EQUIP.MENT.

{F<yr the year ending October 31, 1877.)

total length of the California system of railroads con^pleted
in operation June 30, 1877. was 2,039 91 miles, of which
2,434-86 miles were broad (4 ft. Si in.) gauge, and 19505 miles
narrow (3 ft.) gauge lines. Deducting from the total that part of
the Central Pacific beyond the State line (59S 37 miles), the total
length of railroad within the State was 2,041-54 miles. Steel

Tliia road is leased to the Terre Haute & Indianapolis at 30 per
cent of its gross earnings. The Directors' reonrt of operations
during the fiscal year ending October 31st, 1877, furnishes the
following:
$1,118,470
Earnings of the road
Deduct amouut paid on division of earnings with Indiau-

The

and

use to the extent of 660-95 miles— within the State
584 24 miles aad without the State 82 71 miles. In connection
with and in continuance of the railroads, there werealso operated
The total length of sidings
75-44 miles of steam ferry lines.
auxiliary to the main road, was 286 42 miles, of which 5577
miles lay beyond the State line. The equipment of these lines
passenger cars, 384
consisted of locomotive engines, 333
express and baggage cars. 72; freight cars, 6,207; and other
rail

was

in

;

;

:

penses to |1 1,428.360, leaving the earnings applicable to interest
and dividends $11,473,315. The following is the statement in
farther detail
Operating Acconnta,
of liner
oper'd.

Net
Qross
OrosB
Earnings Bxp'oses Revenue

v

Miles.

36,(l6f.
26-50
1,296-24 I6,51T,8;S

~$~

t~
3,480

82,:8.
r,513,062

S'-O'i

10,250
3,0C<)

AS

Stockton A Copperopolis. ...
Los Angeles A Independence

1667

.

3-50

Mendocino
Monterey & Salinas Valley. ...
Nevada County
North Pacific Coast
San Rafael A S. C^uenUn. 360
Pittsburg

Sacramento A Placervllle
San Franciwo A North Pac'flc.
S. Luis Obispo A 8. Maria Val..
SantaCrnz
Santa Cruz & Felton
South i'aciflc Coast (no returns)
Southern Paclflc
Stockton A Visalia

A C ear
Visalia (no relnmi)
Vaca Valley

18 60
!2'64
79-75

~'$~
60D

1,826,6.^2

878,606

44'8,ai6

I7,99'.i

12,K7I

37.947
10,iy8

37,515
12,543

5,028
482
Deflcit.

10«,-.7-2

6r,9'.i9

3i',a7:i

92,453
S89,670

46.9-.0

215,311

45 50;
74,369

17,321

"7,066

"i',269
33,266
250,554

"S4',287
176. S9

12-J,t95<

63.396

40.000

487.60-2

230,1(>3

J47,.379

66 417

41,637
48,980
58,785

18,90.;

22,634
17.70
21,878

B,5W

81,273
39,863

VVi'm

3,660'.4i4

2,(»6'.302

32-6«
80-00

43.712
14,433

32 518

.

Not Including $778,654 paid

The
gold,

—

7,7ib

28,000

.

to leased lines.

Central Pacific paid two dividends, each of 4 per cent in
in the aggregate to $4,342,040.

amounting

COST OF RAILROAD PROPERTY.
cost of these railroads and the sources whence the means
were derived, as exhibited In the general balance sheet to June
30, 1877, are shown in the following analyse of the accounts

The

returned by the companies severally:

li,446—

Total earnings on which rental is to be computed. ...••
Thirty percent of the preceding amount, being rental, is
Add interest on cl^y of Greenville bonds...,

^''95*' 91
315,662

159

$315,822

Total revenue

The

year's charges hgainst this
l.^t mortgage bonds
2d

sum were

:

*!f'?-??2

*'

-

.'

Io-2,(XKI

'»•»''

^^

Legal expenses
OlEer general expenses

, ,
.(,^!^— »asMOi

deflcit for the year, and adranccd by the leasee, of
deflcit to November 1, 1876, as thown by last report

Leavirg a

Aad

,, „,
66,til

I^J'SIS

263,087

$298,022

Total deficit, Norembor 1, 1817
Of this deficit, aa stated in the last annual report, $301,000 are
composed of interest paid in 1874 on the income bonds, since
exchanged for preferred stock.
The lollowing statement will show the earnings in (letail com-

pared with last year
EAISIKOS.

From freights
From passengers
...
From express
From mails
From miscellaneous.

Increase.
$21,986

1877.

18:6.

$640,612

$618,636

37S,5.?9

399,T8J

31,203

80.3(X)

907

72,-;51

3-;.5M

85,«l

$l,086,-24«

$33,-223

27,218

1,356

l.',55

$1,118,470

Decrease.

the local
The increase in the freight earnings was wholly
or
business, the increase in this direction having been $34,880,
decrease in the foreign
11 32-100 per cent; there having been a
The increase
or c-.mpetitive freight of $12,993, or 4 2-10 per cent.
commensurate with the
in the local freight earnings was not
per cent,
largely -augmented ton mileage, amountiug to 23 87-180
tonnage;
although it was about equal to the increase in the local
24- 100 per cent. The large
this latter having been 41 ,920 tons, or
increaee
addition to the local ton mileage, without a correspondinir
average local rate
in the earnings therefrom, indicates that the
considerably reduced ; this reduction was 13 63-

U

must have been

1,490! ii2 1,451.331

10,194
6,707

*'.!'/,?

m

Total
2,63835 22,901,575 1I,428,.3W 11,473.215 5,906,157
Proportion per road-mile operated.
t9,OI0 23 $4,607 it t4,6310l
•

,

amouBt received on division with other companies

TotolB
650.000
25,000

"is-ss
49-48
72-00
10-ra
21-16
9-00

Lake

KR

Debt.

"62 24?
'

113-23
11-99

Callforoia Paclflc
.

Bonds
and

*196,-217 3,446,068

816
Berkeley Branch
Diego.. -JO'S)
Angeles
North'n(16-10m.,notop )43 79
San Pablo & Tulare (not oper.)

Un

Interest

on

Length

.

Louis

Taxes.....

Excluding portions of lines recently completed, or for other
reasons not operated, the length of roads worked for revenue in
On this extent of open roads the
1876-77 was 2,.'533-35 miles.
gross earninea aianun'.ed to |22,901,575, and the operating ex-

Amador Branch

St.

t.

OPERATING ACCOUNTS.

California Northern
Central Paclflc (iiicl-g leases).

Le.'s

&

Interest on

cars (construction, lie), 1,131.

Raii-boads.

•.

apolis

competition daring
100 per cent. The unwise and long-continued
or lew all
the greater portion of the fiscal year, between more
cause of the
the East and West railroad lines, was the chief
the so-called
decline in the losal freight rates; for, although
as the '•"^ugh
cutting of rates is ostensibly on what is known
unfavorably the local
business it always affects more or less
The average rat e on the co^JPeJi^T^ '"'^"Jf
rates besides.
to 8 85-lW
reduced from 9 47-100 mills per ton per mile. In 1876,
per ton per mile, or
mills, in 1877,* reduction of 6 3 10 mills
«""?«« "'1?°,*'^!^?
6 35-ioO per cent. This great evil of excessive
however »hat seems
the leaoing railroads of the country is one.
conJucl.ng their
of
inherent in the present morale of the system
lack of *ge">^*A9
business and arises not so much from the
ar couipanies overbusiness as from the necessities of particu
mainly the former which
loaded with eKcessive debts or capitals,
preserve their credit, to persistently
fiiid it imperative, in order to

" T^

;

THE CHRONICLE

16B

endeavor by the serret lowering of rates to obtain more than
their legitimate share, based on advantages of location, of the
business

oflferiog.

coal business of the road continues to show a satisfactory
development. The total tons carried in 1877 were 252,986, against
The revenue, however, from this business
223,860 in 18T6.
increased in a greater proportion, owing to the fact ot better rates

The

therefor having been obtained.
The coal revenue in 1877 was |131,507, and in 1876, $103,106.
The following statement will show the comparative expenses
of the lessee during the fiscal years 1876 and 1877:
EXPHNSES.
Increase.

1876.

1877.

$

$245,!53
191,535
881.675
12,363
23,853

5S,878
10,S91
665

$845,140

$314,682

$30,458

Totals

Decrease.
$43,936

CoBdacting transportation... $2ni,u:6
!95,i45
Motive power
310,^54
Maintenance of w..y
e2,655
Maintenance of cars
24,518
General expenses

.S,709

Loss for 1877
Lossfor 1876

$108,595
71,

Increase

«a

$37,366

This sum is more than covered by tho increased expenses of
maintenance of way, which include the expenditures for betterments, amounting to $60,640.
There were issued to the lessee during the last fiscal year $93,000 of preferred stock, on account of betterments and additions
made to the road prior to November 1, 1375. There are still due
on this account, $1,018 17. The remainder of the floating liabilities are payable in cash, as follows
Bills psyable

$24,733 34
91,000 00
4,665 00
3,988 25
6S,637 69

Coupons due November I, 1377
Coupons due prior and not presented
DneT. H. cS; I. KR. Co. for old rii;ht of way claims paid
DueT. H. &I. KR. Co. on lease account
Total

$191,234 28

No expenditures have been made during the year for additional
construction and equipment. The payments appearing as additional charges on this account were in settlement of claims
incurred prior to 1875. The betterments made to the road since
have been included as part ot the expenses in operating same, as
before stated.
GBNIBAt, ACCOUNT, OCTOBER SlsT, 1877.
J>r.

Cost of road and equipment
City of Greenville bonds

$8,317,859
2,000
550

County

(;lark

Cash
Income account balance

815
298,0ij
$8,619,S58

Or.

Common

stock
Instalment pa don stock
Preferred stock
First mortgage bonds

$2,376,9'0

6,365— $'3.383,.315

2,600,010
84,7)3
4.bh5
91,0(0
1,018
3.9^8
66 637

Bills payable

DueT. H. &
BaeT. H. *
Due T. H. &

due, not presented

ER. Co.

for corstructlon
Rrt. Co. for right of way claims paid
HR. Co. for rent account

I.

I.
I.

$8,619,258

GENBRAI. INVESTMENT NEWS.

Brown, a bondholder iu New York,
against the Pennsylvania Railroad, has been appealed, as we
understand, to the General Term of the New York Supreme
Court, and will shortly come up for argument.

—

Frainingham & Lowell. At the annual meeting in South
Framingham, Mass., last week, the directors reported a plan for
the settlement of the floating debt, and the stockholders voted to
accept it. This debt contists of $310,000 in notes, and a balance
of $345,479 due the Boston Clinton Fitchburg & New Bedford
Company, lessee of the road. The lessee agrees to accept for this
claim $175,000 in stock of the company, and the holders of the
notes agree to take an equal amount of stock.
To carry out the
agreement.stockholdersare asked to surrender four-fifths of their

—

&

Mobile
Ohio. The United States Supreme Court has recently made the following order" in the case ot Ketchum and
others against Duncan, on the motion to rescind the order suspending the operation of the supersedeas in the caoe :
"It is ordered that the Circuit Court proceed with the execution of the decree appealed from, tipon Hays, Pierson and Du Puy
filing in this Court a bond payable to the United States in the
penal sum of $75,000, with security to be approved by this Court,
conditioned to pay to the appellants and those whom they or
either of them legally represent in ttie appeal, the difference between the amount which they would respectively receive from
the proceeds of the sale, in case the disputed coupons of 1374 are
on this appeal disallowed as a part of the mortgage debt, and
the amount they will receive, if the mortgage property shall be
sold and distributed under the decree as it stands."
In the case of Merlan and others, a similar order has been made
with a bond in the penal sum of $150,000.
A notice from the committee, of which Mr. Hays is chairman,
is published in our advertising columns.

—

Pacific Bailroads. Topeka, Kan., Feb. 14. A telegram was
received here from Washington to day to the effect that Judge
DiHon has declined to render a decision in the pro rata case of
the Kansas Pacific against the Union Pacific Railroad Company,
in the United States Circuit Court for the District of Nebraska,
for the reason that the Kansas Pacific has dismissed the action,
thus leaving the latter where it was seven years ago.

—

Pennsylvania Railroad. No action has been taken by the
Pennsylvania Railroad in regard to the declaring of a dividend.
The meeting that would have been called to take action in the
matter should have met within the first ten days of the month,
and that time having elapsed, there will be no action taken for
Philadelphia Eventhis quarter, the dividend thus being passed.
ing Telegraph.

—

Peoria & Rock Island. The following statement is made of
the earniogs of this road for the period of the receivership, from
February 1, 1875, to November 30, 1877
:

1875.

—

:

Gross earnings.
1878
1S77

Expenses.

$2,394,442
8.100.775
Inc.

Percent

$293,647

Net.

$1.7.33.672
1,777,933

$6l)0,7.'0

$14,311

Inc. $337,9-8
104-69

Dec.

1393

249

11

Gross earnings
Kxpeuses

Net earnings

$108,469

Philadelphia and Erie.
report for lo77
Gross earnings
G/oss expenses

months.

$310,627
806,057

— The

1877.
11 m. nths.

1876.

Full year.
$Js5,266

$65,889

following

l'.i6,042

Tot«l.
$949,934
663,977

$112,097

$285,956

$3i*.140

269,677

is

from the annual

:

$3,172,990
2,019,647

Net earnings

Boston and Albany. The following statement is made of the
comparative earnings and expenses for lour months ending
January 31
3i2,792

The increase in gross earnings and decrease in expenses has
more than doubled the net earnings of the four months embraced in the report.

$1,123,363

Decreased expenses compared with 1876, $138,818; decreased
number of passengers, 198,384; loss by July riots, $51,271. Business has been of a favorable character, and shows an increase aa
compared with the previous year. The meeting of stockiiolders
adjourned after electing board of managers until May 16th next,
in order to pass upon tlie question of payment ot interest on $2,400,000 preferred stock held by the Pennsylvania Railroad Company. Interest upon this stock was paid at 8 per cent up to and
including January, 1875, but it is now claimed that holders of it
are not entitled to dividends when they are not earned.

—

PJiiladelphia & Reading. The following has been published
December, the first montti of the new fiscal year of this com-

for

—

Chicago & Iowa. This road, "extending from Aurora to
Foreston, 111., 80 miles, is advertised to be sold under foreclosure
on the 9tli of March next, in the suit ot John N. Denison and
John W. Brooks.
Chicago &
Buchanan County has

Sonthwestern.— It

is reported that the Sheriff of
sold this road to Mrs. Johanna Berg for
$10,000, the purchaser to assume all liabilities to the amount of
$1,376,250, many of the chiel claimants being residents of Platte
and Buchanan counties, Kansas.

Cincinnali

present.
The direct suit of Mr.

1,.')44,700
I,89!l,fl00

Second mortgage bonds

Coupons past
Coupons due

the counsel for the plaintiffs, and Senator Stanley Mathews for
the defendants. The suit was set down for November last, but
had to be postponed, owing to the inability of counsel to be

stock.

result to the lessee in the operating of your road during
the year was as follows :
$815,140
Total expenses, as above stated
736,645
Percentage (70) of earnings allowed in the lease for expenses

The

Bue by

LVoL. XXVI.

Wabash & Michigan.—An

important transfer
of railroad interests occurred at South Bend, Ind., in the delivery
and possession of this road, with all rolling stock and appurlenancef, to the Lake Shore aud [Michigan Southern Railroad Company. This line extends from Goshen south to Anderson, a distance of 123 miles, crossing the Baltimore & Ohio at Mitford,
twelve miles south of Goshen, and the Pittsburg Fort Wayne
Chicago at Warsaw.

&

Colnmbns Chicago & Indiana Central.— The long-pendiDg
unit bftween this company and the Pennsylvania Hailroad. it is
understood, will come on at the February term of the United
States Circuit Court at Indianapolis.
Secretary Evarts is one of

pany

:

OBOgS BECEIFTS.
Dec. 1877.

Dec. 1876.

$1,2:6 434

$793,106

Canaltrafflc

16,144

Steam colliers
Richmond coal barges

68,ti04

17,821

7,867
40,281
6,067

$l,.3O4,0O3

$846,313

Railroad

traffic

Total Railroad Co
Reading Coal & Iron

Total of

Co

all

795,663

473,651

$2,€9J,872

$1,319,965

617,727

418,031

2^31.187
522,ii26

2.S9.66S

TOHNAOI AMD PASSEHOEBS.
Tons of coal on railroad
Tods of mercbandlse
Paspengers carried
Coal transported by steam colliers

47,842

523.360
30,Sli

TONS OF COAL MINED.

By Coal & Iron Co
By tenants
Total mined

108,1)65

198,411
66,938

470,794

285,360

3'il,829
,

•

—

• •

(N. G.) This road is to be sold by a master in
chancery, March 20th, at the suit of the Union Trust Company
of New York, and it is reported that it will probably be bouglit
by Mr. Jay Gould in the interest of the Union Pacific road. It is
now iu operation from Ogden, Utah, to Franklin, Idaho, 80 miles.

Utah Northern

Fbbkuaiit

THE CHRONICLR

10, 1878.J

167

COTTON.
Fkidat, p. M., February

Thb Movbmrnt op thr Cbop.

(;0\IMEUC1AL EPITOME.
Fbidat Nioht. Feb.

The tdopUon
great trunk
cities, after

of a lower acbedule o{ rates o{

15, 1878.

freight by the

railways from tbia city to the Western towns and

a prolooKed and somewhat violeat contest, has pro-

moted the opening of spring trade

in that direction, there

having

16. 1878.

as Indicated by our telegrama

from the South to-night, is given below. For the week ending
this evening (Feb. 15), the total receipts have reached laO OOO
bales, against 137,138 bales last week, 159,180 bales the previoua
week, and 104,059 bales three weeks since, making the total receipte since the Ist of September, 1877, 3,874,909 bales, againit
3,407,934 bales for the same period of 1870-7, showing a decrease
since Sept. 1, 1877, of 33,9.55 bales. The details of the receipt*
for this week (as per telegraph) and for the corresponding week*
of five previous years are as follows
:

already been condderable business with the South.

Still, fail-

ures and defalcations continue numerous, and credits are so close-

week at—

1878.

keep the volume of trade comparatively small,

ly scanned as to

and manufacturers and traders

find

recent seasons in the apparently
rest,

Receipts this

their chief advantage over

firm basis

upon which

prices

and the lower cast of production and of doing business.

succesjful season

now be promoted by

will

A

the action of Con-

gress upon the Silver bill and the proposed revision of the

tariff,

and by favorable spring weather.
Pork has been more active, and it was reported that the British
Government was the principal buyer. There was a good business to-day at 111 2S@|11 50 for mess, and #3 T5@$9 25 for
extra prime; and

1,5G0 bbls. mess sold for April at |11

Hoblla
Charleston
Port Royal, *c.
Savannah. 4c

Ac

renneasoe,

1874.

1876.

1876.

1871.

4f,730

30,696

48,459

30,474

15,014

9,683

10.«;4

11,879

9,924

9,150

5,387

4,900

7,8-2

9,780

.

44,987

2,271

190

813

189

4

13,058

4,514

8.569

16,804

17.291

9,425

9,290

11,912

10,749

12,732

Ac

Indlanols.

1817.

46,948
6,977

8,410

1

11,193
} 18,171

US

103

410

291

1,020

10,861

12,956

it,m

7,.518

7.6-27

468

4M

4)2

676

2:J7

516

Horida

8 *34

North Carolina
Norfolk

2,391

2,615

1,727

2,955

:,1.38

2,108

7,351

14,12*

8,91-'

7,104

11,639

10,819

City Point,

1,272

723

669

428

1,019

477

120,090

120,720

:i0,570

96,950

117,8)8

109,158

*c

Total thlaweek

40@

Total elnceSept.

3,374,%9 3,407,924'3,295,25lJ2, 836,183

1....

'!,943,619 2,610,520

$11 55. Lard has been quite active on the spot, bat without
The exports for the week ending this evening reach a total of
buoyancy in prices; and only a moi'erate basiness to-day at
101.898 bales, of which 58,115 were to Great Britain, 15,149 to
Western,
latter
closing
city
and
the
for
prime
for
65
$7 60@$7
France, and 38,634 to rest of the Continent, while the stocks aa
future delivery at |7 65(^17 07^ for March, and |7 75@$7 77i for made up this evening are now 915,791 bales.
Below are the
April. Bacon is firmer, and there have of late been free sales stocks and exports for the week, and also for the corresponding
week of last season:
of Western lung and short clear together at 5f c. at the West,
and 58jc. for March delivery here.
Cut meats also show a
Bzported to
Stock.
Total
Week ending
greatly improved demand, and pickled rib bellies are higher at
this
Great „
ContlFeb. 15.
France
Beef is quiet. Butter
1878
1877.
6|@6}c. for medium and light Wrights.
o ,.
week.
Britain.
Dent.
I as
rather improved, but cheese remained dull. Tallow was
New Orleans*
21,406
7,438
44.639
887,4-5 316.868
active, 7|@7ic. for prime to choice.
Mobile
5,417
5,447
65,2J1
65,729
In coffees there has been a better movement ,and prices have Charleston
3,313
3,991
7,334
64,111
46,997
Savannah,
&c
4,656
aseumed more firmness, until the close, when a falling off in the
330
675
5,9-il
100, ISO
60.822
Qalveatont
6,633
1,279
2,413
10,436
69,174
77.852
demands caa»ed some decline fair to prim" cargoes of Rio
New York
7,719
200
9,5i8
1,609
149, S24 281,411
quoted 14|@l"Jc., gold. Stock here in first bauds of 80,427 bags. Norfolk.
7.287
14,5-:4
7,287
23,366
15,165
Bice has sold in a fair jobbing way. Foreign molasses has re- Olbet potttt
4.019
4,o:9
55,000 87,000
mained at a etandatill New Orleans has been fairly active, at Total thlaweek..
68,115
15,149 28,634
M,ilii 915,791 891,814
I0:,898
25@50c. for common to fancy. Refined sugars have sold moderTotal since Sept. 1 I.a.'B.in 364.5<I3 3«3.55-2 l,9.M..->«2
2.106,511
ately; standard crushed quoted at 9J§10c. Raw grades have
Aew (/rleaim —o\ir telegram lo-night from New (irleam «now»
(Oealdea
latterly shown easiness, owing to slow sales.; fair to good above expornj the amount of cotton on shlnboard and eneaged for that
shipment at
For Liverpool. iS.SOfl.ialiM: for llavre, 37.750 bales for
Ihi; l-ontlneut.
pSnri„i','"J?.'J.°,''?=
refining Cuba, quoted at 7i@7ic.
tie
5»,!00 bales; for coastwise ports 3,;.)0 bales; which. If deducted from
,

;

;

:

.

Hhds.

Boxes.

Stock February 1, 1878
.
Jvva
Kecelpis since Febrnnry 1. 18:9..
ll.Wl
Bale* finco Fcitnary 1. 1ST8
15,-54
.
Stock Febroay Vi. IbTo
.. 3! ,245
Stock Febiuary U, 18n
.
4.315

7,078
4,60]
8,837

67.4S7
3i,28S
58,4>t9

43
67

8.0

41,271
16,761

778

.

M

6,9i8

Bajn.

the stock, would leave 239,5«) bales representlni;
the quantity
>...»,
In
i
j at the lanaluzaad
•>
presses unsold or aw.>i>lng orders.
'-'*'" '''I'veston teietrram shows (besldi-i above exporu) on iblDv,J.2?''"*.¥"
""'• "'" 'i'eared: For Liverpool. U.llO balei ; for other (orelan.
.)^?. K
i
'"'" ' "'"=''• " '""'°'="* *•"" """ "*^'
iouldll'aVe

llelado.
19

I

r'e°nain"L*4'/.lo.''b;i?i.''''

™l,?Si'P'',''"""".*""^'' "'"'"" ""« ""ead of "other ao-ts" Inclndr, from Baltl«,!'''? '° Liverpool; from Boston, 1,091 bales to Liverpool
from Phlla?.^r.h"r!o
fltlphia,
8J« bales to Liverpool from Wilmington, 1,153 bales lo Liverpool.
;

;

In ocean freights a fair bueiness has transpired, with rates, as
a rule, about steady. Today, rates were more steady and busisess moderate, drain to Liverpool by steam, 9}§10d; flour by
aail, 2s 3d; do.,

by

by steam, lOd

do.

London, 33 l^d^Ss 3d; grain to Brii<tol
5s 41d per qr; do. to Cork for orders,
5s Od; do. to Naples, 5s 7id; refined petroleum direct to United
Kingdom ports, 3s 7id@3s 9d; crude do. to Havre, 3s Od.
The market for tobacco has been more active, the sales of
Kentucky for the week aggregating 900 hhds., of which 850 were
for export and only 50 for home consumption. The sales included
750 hhds. at New Orleans to come forward to this market. Prices
are scarcely so firm lugs are quoted at 3@4c., and leaf at5@12c.
The movement in seed leaf, although not large, amounting to
only G63 cases for the week, was more general, and included 100
cases sundries at 4(ai8c.; 300 cases, crop of 1876, New England,
8<a22c.; 30 cases, crop of 1874, N. E., on private terms; 75 cases,
crop of 1876, Pennsylvania, lOgSOc; 58 cases, crop of 1876, Ohio,
on private terjis 146 cases, crop of 1874-5, do., 6ic.; and 40 cases,
crop of 1876, Wisconsin, 8o. There has been a fair business in
Spanish tobacco, sales embracing 140 bales Yara I. and IL cut,
on private terms, and 700 bales Havana, 80c.@H 10.
Spirits turpentine at one time was quite active and firm at 33(^
33Jc., but the close is quiet at 83c., with the tone barely steady,
llosios have been very quiet, and quotations are somewhat lower,
•t }1 55@J1 00 for common to good strained. Petroleum has
remained quiet, but about steady, at 7Jc. for crude, in bulk, and
12ic. lor refined, in bbls. Ingot copper quoted at 17i@17fc
•ales of 200,000 lbs. Lake, on private terms.
Whiskey is more
active and firmer at |1 09@|l
09i, tax paid, both Houses of
Congress having voted against reducing the excise.
;

'*** foregoing statement It will be seen that, compare<l
•*'^°'u
with
the corresponding week of last season, there is an increan
exports this week of 5,544 bales, while the stocks to-night
are 23,977 bales more than they were at this time a year
ago.
The following is our usual table showing the movement of cotton
at all the porta from Sept. 1 to Feb.
8, the latest mail dates:

in the

sail to

by

sail,

aaoiirTB

P0BT8.
1875.

;

BXPOBTSD amOB SSPT.
Qreat

1876.

Britain

France

Other
forel'n

1

TO—

Ooast-

wiae

ToUI.

Porta.

Steek

N. Orleans. 1,030,554
824,543
Mobile

900,473

783,719

133.589

388,864

815.654

67,990

17.430,

13,339

96,769

161.260

67,000

Charlest'n*

386,461

433,335

83,787

58,001

56.168

aQ2,95«

103.871

63.303

Savannah

..

430,817

4.>8.BS3

103,415

81,062

70,619

810,096

801,69)

94.866

Salves ton*.

3il,J13

450,931

110,404

24,-M

6,894

141.593

149,274

New York..

63.391)

100,300

170,480

4,788

93,174

197,42*

Florida.....

11,040

392,70l'212,0l0'l.;4,n08

77,116
150,538

11,040

....

N. Carolina

115,46}

108.990

28,441

1,730

18,897

48,61-

60.474

6,9™

Norfolk*..
Other ports

389,417

455, :3I

105,2-6

1,075

1,80)

108,161

257.489

89,474

81,706

93,818

10,919

106,117

18,178

....

23,675

45,000

;

Tot. this yr. 8,8SI,8;9
Tot. la«t yr.

i:68,»0J 34»,444|334,9is[ 1852,664 1079.690

9 4,388

3,287,204 1441,870 813.571 JM,745' 2013,1671 985 303

893.428

Dndertbeheadof CAor^ion U Included Port Koyal. Ac; osier the head of
wiAxXonli Included UtUaaoia, Ac; under the bead of Jforfylk ii Included City
*

Point ac.

These mail returns do not correspond precisely with the total of
the telegraphic figures, because in preparing them it is alwayg
necAAsarr to incorporate everv correction made at th#* ports.
Th- re has been a sharp decline in cotton during the week,
amounting, at times, to almost a panic. Q lotation* were marked

down

I

1-lflc.

on Saturday

iind

Tuesday, and ic ou Widneslay, to

10 13-10-. for middling uplands, at wbich figue there was a bet._
T -day,|how;
ter feeling, prices yesterday being quite firm.
ever the market was again flat ; and, at the weekly revision of
quotations, strict low middling was reduced l-16c., and atii t

THE CHIIONICIR

168

ordinary 3-16c., wliile ordinary, good ordinary, strict goo 1 ordinlow middling were redu ed -Jc; stained, llOe. 1 nver
Jor middling and ^c. lower for other grade?. For future delivery,
there was an important decline in prices, with something of a
panicky feeing on Tuesday and Wednesday. From the close on
Friday last to the lowest figures on Wednesday, prices fell off 35
to 40 poii.ts for the more active months, followed on Wednesday
afternoon and Thursday morniug witha recovery of 7to 10 points,
caused by a demand to cover contracts. The speciiliitioiihas turned
wholly on the course of European politics. All other considerations were lost sight of. The impression that Great Britain will
be drawn into active hostilities against liussia has generally prevailed on our Cotton Exchange. To-day, the advices by cable
were regardei as vtry threatening, and Liverpool reported lower
prices, under wliich the improvement of yesterday was not only
wholly lost, but a further material decline took plac . There
was, however, less pressure to sell apparent than on Wednesday.
The total sales for forward delivery tor the week are 388,000
free on board. For Immediate delivery the total
bales, including
gales foot up this week 4,431 bales, including 415 for export,
in transit.
3,969 for consumption, 47 for speculation, and
bales were to arrive. The following tables
Of the above,
show the official quotations and sales for each day of the past
ary, and

CIS.

l.;C0
2.50J

10-99
-.i-m
11-01

70(1

2.S00
4.S00
2,400
I.IOJ
3,600

Fct). 9. Fcb.ll.

Ordinary
V
Strict Ordinary
Good Ordinary

Good

Strict

9X

Ord'ry. 10

Middling;

s.

Good Middling
Strict Good Mlddl'g
Fair

8 9-.6

8 9-16

8 9-16

9«

9H

9«

9K

U

!0 7-16

10 1-16
10 7-16

Wi-

lOX

ll

11

U

n

U

S>i
10 3-16
10 9-16

llH

Ordinary
V
Strict Ordinary
Good Ordinary

8%

ft.

SH

8)i
8 15-16
9 5-16

9 1-16

»'A
8 15-16
9 5-16

9 :-i6
9 7-16
9 7-16
Strict Good Ord'ry. 10
10
»H
9K
10^'
Middling
lOX
'.0S<
ICJi
Strict
Jllddl'g 10 11-16 10 9-l« 10 i;-i6 10 9-16
15-,
Middling
10
10 18-16 10 15-16 10 13-16
Middling
5-16 11 S-16 11 5-16 11 3-16

Low

Low

Good

U

Good Mlddl'g

Strict

IIX

Middling Fair

;'i«

HH

IIX

12

12>I

UK
!2

8K

8»

a%

9 3-16
9 9-16

9 ;-i6

9 3-16
9 9-16

9 7-16

ma

l>00

U-'.7

2.l'00

U-13

60U
I.IUO

ll-H

600
1.(00

11-19

600

l.tCO

11-15

1,200

U-20

2.600
8O0
lUO
1.600

U-IB
'.1-17

2.700
3,300

U-22
U-i3

11-18

1,5(10

U-iO

810

11-J4
11-26

1,000
1.100
1.000
500

8UU
200
100

,.1121

U
U

iiy

iii;<

Via

na

|i2«

Frl.

Til.

1

Tb.

Frl.

Good

lb.

Middling

Good Middling
Strict Good Mlddl'g
Middling Fair
Fair

8 15-16

9 3-16

lut<
10 9-16

a%

8K
8V

SH

8>i

»»

Ord'ry.

9 5-16

9 1-16

9 3-16

ax

3'4

9W

lO.K

W'A

'M)4
10 i

lux

8N

"8V<
81<

9 1-16
9 7-1 j
10

9 5-16

9 ;-i6

9«

10

im

10%

11'^

10 ll-:6
!0 11-16 10^
10 11-16
10 13-16 10 13-16 10 13-16 10 13-1(110 15-16 10 15-1610 15-16
11

S-16

11

3-16

"H

r.«

12

12

na

U

3-16

11

HX
UK

I2H

3-16

n

U

5-16

l-%
12X
i:%

11«

12

12

2%

Sat. IHon.
Feb.

Ctood Ordinary

Low

Feb.:

9.

8 7-16
9 S-16
9 11-16

Good Ordinary

Middling
Middling...

10)<

5-16

5-16

11

UX

1!?«

12X
ViH

12X
'.i%

9 3-16

Ex-

Closed.

.

Qnlet, lower

I

IPX

Tuesday
Wednesday

.

Thursday
Friday

.

415

I0*-16

Spec- Transit.

CIS.
10-.-.6

1 .-.2

lOOs.ti

lOOs.n. 14 h.lO-ii
lOOs.n.lllh.lO-IB
10 7-1
9D0

Xa

l;,-77

ws

aoo
600

K-K

1(W

1.-31

tOOs.n. 12th

111-35

VX

100
ICO

10- 9S

400,

U-lO

200
300

1135

100
9U0

11-48
11-49

200
800

U-SJ

11-38

11-40

200

U-Jl

'200

11-43

balef.
S,-00
2.200
3.500
4,300 ...

1

Sales.

869

20.300

1,278
801

31,61:0

221
882
430

68.100
83.600
78,300
75,000

3.969

4,4!1

lii.oio

June.

S.IOJ
60)
3.600
4,200
4.400
6.401
2.000
3,600

.

...

.

is

S.'^OO

1 -68

1-91

3.-.iiO

10-92

1,10'J

lO-fcS

1,^00
l,'Ol
3,100 ...

1,(100.

ct«

r-6-i

too
2.100

.11-03
11-06
.11-07

n-17

100

too

600

It'Ol
11-03
11-09

2011

--'00

11-03
11-01

400

11-18

1,100

U-lO

1,'200

U-19

total Oct.

For November.
11-70

100 total

h. 3(0
51X1

March for April.
Ma, ch for April.
will

1

Not.

show the closing

M. on the

P.

nPI,i.'rD»— AMSBIOAS 0LAB8I»I0ATI0».

10-9-1

Mon.

Sat.
10-81
11-01

10-53
10-61

lj-8l
10-97
1;-10
11-22

10-7J
10-81

10-16

'.0-9;

11(3

11-(J9-

U-13

10-78
11-91
i;-f4

11-23
11-33

r.-15
li-2l
1J-S8
10-79
10-63
10-71
10->3

11-22

11-12

u-ai

U-17

11-13
10-81
10-73
10-76

10-9»
10-75
10-68

U-41

U-.'5

U-20

:)ctober....

...

1157
u-si
ll-U

ir,3

September.

...
...
...
...

10-93
11-03
11-20
11-3J
11-40
11-46

not!

November.. ...

la-»3

10-91

Uec:-inbjr
...
Transf.ord-- rs.

u-ou

-.0-96

11-51

Frl.

Lower.

lu-t)9

10-61

11-05

11-15
U-'23
11-40
11-47

Thnrs.
lligiier.

111-16

11-32

1119

Wed.

Tues.

Lower. Panicky.

ll'-86

..

The

prices bid for future de-

named

...
...

.

:

-43i)dto exch. 100 Feb. for June.

|

and the tone of the market, at three o'clock

Uold

U-l-0

10-93

11-03
10-90
10-93
!0 9)

Dull.

Quiet.

Dull.

11-

10-92
l(:-8l

10-34
10-tO
Dull.

..

lOi

102

11'2

lOJ

..

4-79X

4-79),-

4-!)X

4-;9

10-

Steadier.

'i¥,

iiO

10-71

l')-73

10-60

Steady.

Steady.

10214

10->s^

4-79

4-79X

Visible Supply OF UOTTON, as made up by cable and

The continental stocks are" the figures
of last Saturday, but the totals for Great Britain and ihe afloat
for the Continent are this week's returns, and consequently
brought down to Thursday evening; hence, to make the totals the
complete figures for tonight (Feb. 15), we add "he item of exports
from the United States, including in it the exports of Friday

8!,'

8Sf
9 5-16

9»
lOW
lOH

U

5-lS

UH

Ollyi

ViH
12X

1878.

StocK at Liverpool
Stock at London

558,(XX)

StockatHavre

Frl.
FeM5.

Stock
Stock
Stock
Stock

MarseUles
at Barcelona

at

at

Hamburg

at

Bremen
Amsterdam

Stock at Rotterdam
Stock at Ant-J7erp
Stock at other continental porta.

1877.
81(),(XXI

1876.

1875.

843,000

778,000

12,853

33.750

68,000

131,550

570,250

678,750

911,000

604,250

179,250

174,000

203,750

118,750

4,750

3,500

E.250

10,230

31,500

85,500

65,000

70,260

7,503

13,000

18,0OD

10,750

31,000

«.750

12,50)

38,250

30,750

67,500

«,0J0

47,000

11,000

10,500

15,000

12,600

7,'360

5,500

13,000

4,500

7,750

10,503

11,000

12,000

Deliv
erles

Total continental porta

800
400
600

313,750

392,750

415,500

324,250

Total European stocks
681,000
[ndiacottonafloat for Europe...
91,000
American cotton afloat for Europe 639,000
Bgypt, Brazil, &c.,afloatforK'rope 35,000
915.791
Stock in United States ports
I.i6,470
Stock in U. S. Interior ports
19,003
Onited States exports to-day

1,271,5C0

1,3-26,500

l,8-28,i00

133,000

113,000

22;}

613,000

513,003

511,000

.

700
5(10

400
2,900

,000

55,000

60,030

58.000

891,8;4
96,-2'JO

861,881
123,189

6,000

21,001;

835,219
130,610
12,000

Total visible supply.. ..baiee.'2,710,861
3,071,631
3.051,570
Oi' the above, the totals ot American and other descriptions are

1.700...
100, .
2,700. .

arcb.

500
UIO
2,500

.U-72

...

1U.5J0 total

For April

'267.000

..,.11-07

American afloat to Europe
Ur.ited States stock
U.-iited States Interior stocks

....U-08

United States exports [o-day

629,000
915,791
136,470
19,000

800,000
613,000
891,811
96.2W)
6,0J0

....11-02

....1103
....U-04
...11-05

....n-m

2,-200

... .11-10

... .11-11

1.71l(i

1.5U0
1.7C0
1,931
5.9C0

SCO

.10- ,6

33J0

10- ;5

8110

800

.
.

...11

-.-10

5,50,000

10-71
.10-;5
.10 76
.lC-i7
.1U-T8

l(-76
10-77
io-7e
...10-79
O-fS

393,000

POO

U-71

l.-8(
...1 -Si
.
10-S5
.... 10-S10 65
10-8J

11

Liveroool stock
Continental stocks

ctn

,

*»

35'0
'-1
.10-82

J.EOO
4.(00
6 600
4.102,700

.1

3,4-'0

.10-81

.1

4.0
1,6J0
1,700

'-:*3

.11-12
.11-13
.l-,-14

.;!-i5
.11-16
.11-17
.11-19

:o-S4

lU.oOJ total April.

.1.1-85

„l'„-37

.10-W

'200

10-86

5100

1CS9

l..-rt7

...10-91

2,100
l.-iw

I

OM

11,-92

6,100
1.<C0

liJ-94

1,80

,10 91
.1.-92

l,5tO

ll-.«

2500

.10- -3

l.-^Oii

10-sl

lC-9i
10-9J

2,MiU
1,101

,l:j-9l

2.ue

11-

a

i-at

1,810
l.:00...

3

2.900

10-93
lC-99
ll-Ot

^500
39JO

.lo-n

00
3.000

10-

10-61

1..-

1

'.,700

0-

5

400
800
6(0

10-62

I.IO.).

1C-S3

8*8

1^-M

«.«*

10-63

2,800 ...
6.800
4.500

.

.

...

U-01
11-02

4,000
7.100...,
S,500

.

1(1C5

r.--s
10-99
.ll-OJ
.11-01

6,10

I
I

I

2.

1,500
1,000
4,4?0

,

Ac

359.C00
2,852.26 i

TotalvislbIe8npply....baIcB,2.710.2Gl

For May.

3,8:0
l.SOO

lli-il'J

I

bales.2,352,261
Total American
East Indian, Brazil, dte.—
163,000
Liverpool stock
12,253
London stock
56.760
Continental stocks
91,000
India afloat for Europe
35,000
Egypt, Brazil, Aic. afloat

Total East India,
Total American

.00
i.roo
5,900....

10-59

•<0P

U-01

.

Frl.

bales.

.

300

5-*
ati

.

5«l8.n

For March.

1,200

U-02

1100

500

l;-!2
11-13
11-14
11-15

OU

Closed—

free on board)
middling or on
a statement of the

bales.

lC-73

100
aoo
200
500

BOO

U-U

SOi)

lC-7i
10-75
10-8J

;00
•200

1.400

August

(all

CM.
10-6S
10-69
....lO-.O

•i.:'00

'.05

Feb.

For October.
30-3

For August.
100
400
700

!0-;8

600 total Sept.

July.

S,'(l0

July

F DTD RES.

832
430

'.0-67

1.9 U . .
iOO
5.300
3.tOO
8.70J ....

<,200 total

17,600 total

For July.

ll-,0

For September.

Il-Jl

2,!

>e

98,229

follows

•

American—

10'8«
10-88

i(,-»;

Aug.

16,100 total

U-31
U-86

U-47

June.

June

ales and prices

ICO s.n.I-tb. 10-59
lOOl.n. 15111 10-6 >
6(10
IG-tO
1C-S5
600

too

11-32
11-38

11-45

May.

March

10 1-lS

Total.

47

the basis of middling), and the following

lO'M

11-39
...11-50
11-51

'200,

ll-U

ll-'26

Stocli at

For forward delivery, the sales (including
have reached during the week 38S,000 bales

300....
lOJ

113?

1,300
900

U-31

800

11-2S
11-32
11-33

April

9X

10 1-16

601
2;i

...

Total

bales.

11-36
11-3!

70-3

Frl.

BALKS.

607

'266

Uiill, lower
Dull, lower
Steady,unch.nuj.

For February.

600

U-82

Market- - Firmer. Depressed. Lower.

?«

1,278

Dull

Til.

9K

suinp. ulat'n

215

Weak

.

m
9X

9 11-ln

Con-

port.

Monday

Tues Wed.

Feb.l2. Feb.13. Feu.ll.

SALES OF SPOT AND TRANSIT.

Spot Marlset

.

1

8 7-16

MABKET AND

Saturday

11-2^
11-29
11-80

200

na

Total Great Britain stock

Strict

U-35

SOO

telegraph, is as follows.

s«
8 15-16
9 3-16

Low Middling....:.
Strict Low Mlddl'g

11-31

U-26
ll-«

11-33

K'ebruary... ...

Feb.14, Feb.'.S. Feb.14. Feb.15. Fcb.M. Feb.U. Feb.U. Fei.lD.

Ordinary
»
Strict Ordinary
Good Ordinary

Wii
11-30

•raO

50J
300

U-27

Sxchauge

Tb.

FpI.

Til.

.11-"

1,600

UrDDUNS

iO 13-16
11 5-16

1-16
7-16

'.00

4U0
600
SOO

l'.-21

several dates

9 7-11

IIH

11-26
...i:-27
11-28

M)

The following

11,6

U

SOO
8

EOO
800

l,4i)0
l.OOiJ

May

10 15-16
5-16

1-16

U-25

....11-17
... ii-is
U-2il
..
....11-21
....11-22

U-27

11-25

livery,

W%
UX
UH

I2«

11-24

i.OW

The following exchanges have been made during the wjek

92

IIV

11-2S

2(0

.U'16

.

11-29

-.4pd to cxcli.

10 S-:6
10 9-16

11 :-16

iW

.11-14

....ii-;3

700
100

I.IOJ
1,8 JO

total

eta.

u-21
U-22

I.IK-O

11-23

11-a

•ISpltocx

12^

Strict

:i-ii

2U0

10
10
lOM
10 H
10><
!0«
'.OK
10 13-16 10 11-16 10 13-16 10 11-16
11

1',-14

ll-li

13,100 total

Feb.lJ. Feb.13.

[••eb.13.

3^..
2.'0J..
100..
110.,

JOO

»^or

Xnes Wed. Xue8 Wed, Tuen Wed. Tues Wed.
Feb.13. Feb.12. Feb.U. Feb.i:.

U-U
11-12
li-lS

2.10,,

>

12.

500

11M6

11-16
11-16
11 13-16 11 13-16 11 iS-'.e
U-16
u-16 11
12 3-16 12 S-16 12 S--.6 12 3-16 12 5-16 12 5-16 12 5-16 112 5-16
la 11-16 li li-lt 12 n-16 12 ll-l
12 13-16 12 13-16 12 l;<-16 12 13-16

Feb

600
4,(00

11-15

71.31'0

8 9-16
9Si

UX
uS

11)<

..

.

IfO,.
600..
1.100..

2,6iJO

too

Feb.U.

9.

9J«
10 3-16
10 9-16
iOJi

lOX

UK
US
'.3-15

n%

n%

IIX

Feb.U. Feb.

i>i
10 3-16
10 9-:6
10?^

9,'<

10 1-16

10I-I6

11

Middling Fair

Foi). a.

iii

1-lfl

r.
ll?i

.\

Feb.U.

T7-I6

8.

in

9>«

Middling
10 M6 10 7-16
Strict Low Mlddl'g lOX
lOX

Low

Feb.

S 7-16

8 7-lf.
»ii

»>.

200

'.l-HS

ii-n

101

Mon.

Sat. ITIon. Sat. IHon. Sat.

Sat. ITIon.

....ll-U
....U-13

11-10

2,5JO

TB.XAS.

10(1..

1.6WI
1.100
3.700

2,

ORLEANS.

N.

400..

11-06
11-0;

11-09
11-10

bates.
SCO

CIS.

11-115

1.700
4.500

2100

ALABAMA.

bales.

c'e.

1,300
1,300
2.300
2, '00..
100
1.1(0

11-03
11-04
11-Oi
11-17
11-08
11-09

2.6'JO

:

UPLANDS.

bdles.

U-U2

aoo
400

—

week

bales,

XXVI.

|VOL.

;o-

8

l,.-!0

1

-9«

0-^7
10-98

434,000
223,000
518,000
864,881
l-«,lf9
21,000

418,000
129,000
611.C00
835,219
130,510

'^,259,070

2,035,7.'9-

296,000
i2.750
92,760
1*3,000
55,000

359,000

855,000

68,(.03

192,500
1 13,000
60,000

131,250
195,250
223,000
68,000

609.601
8,46'2,104

792.503
2,259,070

2,085,729

3.071604

3051,570

2.998,229'

2,46-2,101

12,000

962,.500

75i@7Xd.
These figures indicate a decrease in the cotton in sight to-night
of 3(51,343 bales as compared with the same date of 1877, a
decrease of 341,30!) b'Ales as compared with the correspondins
of 1876, and a decrease of 287,908 bales as compared
(late
with 1875.
PriceMld. Uplands. Liverpool...

6>id.

6 ll-16d.

—

6 5-16d.

At THE Interior Ports the movement that is the reeeipts
and shipments for the week, and stock to-night, and for the

J

Fbbbuart

THE

16, 1878.]

CHRONICLIS.

eorreBpondiQg week of 1877—la set oat in detail in the followlug

tatement:
Week

ei dlDg Feb. IS, 1878

1

Receipts. ahlpmeots. Stock.

Anga«ta.Ga

Memphis, 1'enn
Nashville, Tenn...

1,077
1,175
11.098
1,691

3.674
1,-37
1.8-8
l,58i
3,555
12,844
2.6S1

19,491
18.186
6,688
15.074
6,793
61,923
6,318

Total, old port!.

19,430

36,836

258

30J

1,500
8,045
6,518

4,787
6,706

Colnmbus, Miss...

40.3

949

Bufaula, Ala

J,7(I5

Uolnmbas, Oa
Macon, Ua
Montgomery, Ala

7:8

S69
.

Belma^ Ala

Dallas, Texas
Jefferson, Tei.(«0

Shreveport, La

Vlckshurg.MIss

875
T9

875
316

1,9!5

Charlotte, N.C
St. Louis, Mo
Cincinnati,

1.693
8,470
4,914

1,753
2,143
1.706
6,187
4,738

30,618

80,877

50,093

57^703

Total,
Total,

new

878

ports

all

Feb.

16, 1877

3,607

3,940

ock

11,971

783

6)3

731

1,374

8»2
365

671
493

5,793

10,584
1,332

1J,61»
1,169

5C,13H
7,587

136,470

16,987

19,491

90,290

8,097
4,250
10,331

107
1,894

199

S35

4,156
6,014

7,5:J8

a,.'>i4

6,61)8

3,827

5,168
4,485

294
790
lis
723
5t«
781

950

Qa
Atlanta. Ga
Rome, Ga
QriflSn,

Week ending

Receipts. Shipments. 8

1,609
I1,8S3
2,9.30

9,614
7,351
3,94'i

5,470
8,510
8,116
2,860
914
3,437
1,6-2

4,.193
.397

1,530
168
1,154
190

1.590
39,C0J

843

530

7,480

7,675

6,637

7,981

6,151

33,2S8
13,C75

987633"

30,320

32,105

78,667

47,307

51,500

174,977

23M03

totals show that the old interior stock.-i have
during the week 7,346 bales, and are to-night 40,180
The receipt? at the
bales mors than at the same period last year.
same towns have been 3,4il3 bales inore than the same week last

The above

ii<!<jrM«ed

year.

Weather Reports and Our New York Corre8pondemts. —

We

received last

ber of

New York

week a communication signed by

be made to our weather reports.

some form,

soon as

num-

All thi suggestions contained

we

in the letter are desirable improvements, and
in

quite a

cotton firms, requesting that certain additions
shall endeavor,

to incorporate the desired facts into our report as

we can make

the necessary arrangements.

More or

seasonable.

less

weather the past
rain has fallen almost

everywhere, and at some points, particularly at Memphis, the
roads are said to ba very bad. In the Southwest, crop prepara.
tions are making good progress.
Galveston,, Texas.
It has rained hard one day, but the rest of
the week has been pleasant. Ploughing and other farm prepara.
tions are proceeding actively.
Average thermometer 54, highest
67 and lowest 38. The rainfall has reached one inch and fifty
hundredths.

—

frosts,

planting

—

—

—

—

—

—

^Fcb.
Memphis

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

Nashville. .. .Above low-water
Shreveport. ...Above low-water

Vlcksbare

14. '78.-,

Feet.
5
81
4
3
33

New OrleaES.. Below high-water mark

^Feb.

Inch.

15,

Feet.
7

6
13

80
6
6

77.—.
Inch.
11

18

8

6
18
56

10

7

New

Orleans reported below high-water mark of 18'/1 until
Sept. 9, 1874, when the zero of gauge was changed to high-watei
mark of April 15 and 16, 1874, which is 6-lOths of a foot above
1871, or 16 feet above low-water mark at that point.
CoitPAR.\.TivE

Port Receipts and Daily Caop Movement.

—

comparison of the port movement by weeks is not accurate,
as the weeks ita diflferent years do not end on the same day of the
month.
We have consequently added to our other standing
tables a daily and monthly statement, that the reader may constantly have before him the data for seeing the exact relative

—

movement

have had a shower on one day, the
earlier part of the week, the rainfa'l reaching seventy-five hundredths of an inch, but the latter portion has been clear and
pleasant. Planters are at work.
The thermometer has ranged
from 44 to 73, averaging 58.
Oorsieana, Texas. There has been no rainfall here, the weather
having been pleasant all the week. We have had killing frosts
on two nights. Farm work is progressing. The thermometer has
Averaged 46, ranging from 27 to 72.
Dallas, Texas.

;

—
—

—We

Jndianola, Texas.

two hard

IfobUe, Alabama.— Two days of the week have been showfiy,
but the remaining five days have been pleasant. Tlie thermometer has langed from 34 to 08, averaging 49. The rainfall haa
reached fifty-six hundredths of an Inch.
Montgomery, Alabama.— The weather daring the week has
been cloudy and wet, witli rain on tliree days. Roads are bad.
Average thermometer, 47 highest 08, nnd lowest 29. Tlie rainfall Is thirty-two hundredths of an nch.
Selma, Alabama. We have had rain on two days an 1 n killing
froat on one night during the past week.
Madison, Florida. It has rained on three days during the
week, the rainfall reaching one and forty-five hundredths inches.
The thermometer has averaged 50, the highest being CO and the
lowest 40. Planting is making good progress.
Maeon, Georgia Rain has fallen here on one day this week.
The thermometer has averaged 49, the extr< mes being 26 and 67.
Atlanta, Georgia. It has rained steadily two days and has
been misty one day, the rainfall reaching one inch. and fortythree hundredths.
Ihe thermometer has averaged 89, the
highest being 59 and the lowest 25.
Volumhua, Georgia. The earlier part of the week the weather
was clear .-ind pleasant., but it haa bten showery two days the
latter portion, the rainfall reaching twenty-six hundredths of an
inch.
The thermometer has averaged 45.
Savannah, Georgia. We have had rain on four days and the
rest of tlie week has been cloudy.
The thermometer has ranged
from 31 to 69, averaging 53. The rainfall has been seventy-four
hundredths of an inch.
Augusta, Georgia. Th? earlier part of the week the weather
was clear and pleasant, but the latter part has been rainy and
cold, rain having fallen steadily two days, the rainfall reaching
thirty-two hundredths of an inch.
The thermometer has averaged 40, the extremes being 29 and 03. Planters are sending
cotton to market freely.
Charleston, South Carolina.
It has been showery four days of
the week, with a rainfall of eighty-nine hundredths of an inch.
The thermometer has averaged 51. ranging fr im 33 to 65.
The following statement we have also received by telegraph,
showing; the height of the rivers at the points named at 3 o'clock
Feb. 14. We give last year's figures (Feb. 15, 1877) for com-

parison:

Weather Reports by Teleoraph. —The
week has been

16^

A

for the years named.
First we give the receipts at
each port each day of the week ending to-night.

PORT RECEIPTS 7R0K 3ATURDAT. FEB.

New

— No rain has fallen this week, but we have had
with

ice.

preparations

Average thermometer

Tlie weather has been pleasant,

are

active.

Small,

grains

Days of

and

promising.

Orleans

week.
Saturday.....

3,054

9, '78,

TO FBrDAT, FEB.

ves-

Nor-

Wilming-

ton.

folk.

ton.

Gal-

Mo-

Char- Savan-

bile.

leston
),412

2.6,7

nah,
8,055

2,056

1,138

15, '78.

All
others

234

1,964

ToUL
15,100

and lowest 38.
Monday.
1,647
3,811
1,159
aj5
13,552
4,109
1,639
1,833
86,965
Brenham, Texas. There have been two daya of hard rain
1,53H
Tuesday
2.153
3,520
3,603
1,201
13
8,354
4,931
83,864
here, but as Ihe week closes an improvement has taken place in
1,549
Wednesday.. 11,333
1,339
3,302
1.661
0:6
181
ao,o:s
358
the Weather.
Ploughing is progressing everywhere.
Average
thermometer 57, highest 75 and lowest 40. We have had a rain- Thursday.... 6,453 1,09: 1,831 1,327 1,413 1,336
172
1,088
14,800
fall of two and eighty hundredths inches.
1,930
54i^
1,510
941
172
7.303
Friday.
5,579
1,914
19,886
New Orleans, Louisiana. It has rained on three days during
9,150 13,058
9,42)
1,107 16,855 130,090
Total
7,351
48,730 15,014
the week, the rainfall reaching one inch and fiftyfive hundredths. The thermometer has averaged 49.
The movement each month since September 1 has been
Shreveport, Louisiana.— We have had cloudy weather this
follows
week. with a rainfall of sixty o e hundredliis ot an inch. The
ihermometor haa ranged from 06 to 28, averaging 47.
Tear beginning S^tanier 1.
Vieksburg, Mimssippi.— The thermometer has averaged
MoniJUy
48
during the week, the extremes being 32 and 04. It has rained on
SecHpts.
1875.
1874.
1878.
1877.
1876.
1873.
lour days, the rainfall reaching eighty-three hundredths of
an
45, highest 73

—

—

:

inch.

0(Uumbus, Mississippi.— \\e have had a rainfall during the
of twenty-four hundredths of an inch.
Little Rock, Arkansas.— U.oaA&y last was the only
clear day of
the week. The weather during the balance of the week
has
been damp and disagreeable, with slight rain on Saturday and
Tuesday. Average thermometer 45, highest 12 and lowest
22.
The rainfall has been twenty hundredths of an inch,
JfaahvUie. Tennessee.— It has rained on four days this
week,
the r.iinfall reaching sixty-nine hundredths of an
inch
The
thermometer has ranged from 33 to 52, averaging 43.
Memphis. Tennessee.—
Lave had rain on five days of the
week the rainfall reaching one inch and forty one hundredth
and the remainiog two davs have b.en cloudy. The roads
are
almo.^t impassable
Average thermometer, 43 high
st, 53, and
a
lowest,

week

We

,

30.

;
•

,

93,491

236,863

169,077

"l34376

1I5,3E5

184,744

October

578,533

675,360

610,316

536,963

355,333

444,003

November
December

8:8,493

901,393

740,116

676,^95

576,108

680,168

900,119

787,769

831,177

739,036

811.663

634.975

January

689(10

500,68)

637,067

44«,a53

703,163

660,430

Total, Jan. 31.. 3.089,846
Percenta^ie
f total port
receipts >Ian 31

3,101,969

«.!.7?,7S3

a,5H),7S:

•Z ,660,517

3,»S,I05

76-93

71-05

September

•

I

72-94

67-31

61-71

This statement shows that up to February 1 the receipts at the
ports this year were 13,723 bales less than in 1876 and 111,498
bales more than at the same time in 1875. By adding to the
above totals to February 1 the dally receipts since that time,

we

shall ba able to reach

,

fpr the different vears.

an exact comparison of the m'>Tenieilt

THE CmiONIOLE.

17U
1376-77.

1877-73.
3,089,246
Total Jan. 31
23,495
Receipts Feb. 1
19,795
Receipts Feb. S
Receipts Feb. 3
S.
Receipts Feb. 4
35,541
Receipts Feb. 6
80,000
Receipts Feb. 6
22,343
Receipts Feb. 7
16,653
2J,806
Receipts Feb. 8
Receipts Feb. 9
15,100
Receipts Feb. 10
S.
Receipts Feb. 11
28,963
Receipts F„b. 11
23,261
Receipts Feb. 13
20,075
Receipts Feb. 14
14,^03
Receipts Feb. 15
19,8:6
.

.

Total Feb.; 5.

Avf rag":

To*al in b ilea Average
of 900 lbs.
per week.
2, 38361
66.510

per week.

3,1191,4.0
3,18'. 40

t9,510

'-8:2

61,-.!70

1^71
1870
1'69
1868

8,977,753

2,530,787

23,46:i

20,601

11,093

S.

17,999

22.487

20,in

17,15J

35,3S1

S.

28,011

55.716

15,618

24,178

27,557

S.

17.084

16,781

28,631

21,661

28,7.32

19,076

21,174

15,507

17,ti56

25,353

S.

14,357

23,483

14,317

As compared with 1876, the consumption of 1877 shows a
decrease of 1,760 bales of 400 lbs. each per week, or 2| per cent,
agaiost an increase of 2,110 bale
or 3i per cent in 1870 over

17,146

20,W2

S.

18,9U

21.336

1875.

26,011

27,461

S.

22,236

14,452

15,578

36.822

S.

15,703

20,181

16,994

17,644

23,511

S.

19,055

16,817

19,011

59,611

29,647

16,869

14,134

14,613

20.376

24,479

S.

15,019

18,097

13,997

11,948

27,614

S.

15,601

16,9C0

20,471

18,047

21,471

S.

3,3)4,825

3,848,311

8,177,286

25,768

Per ct. of total pt rt receipts

2,8:3, !C5

2,56D.6;7

of 400 lbs.
1877
ld76
1875
1874
1873

XXTL

3,!01,!i69

19,637

3,374,969

Total in bales

1872-73.

18-13-74

1874-75.

187.5-76.

[Vol.

:

&407

77-36

17,3:0
8,517,8!)2

2,828,401

79-42

68-96

74-19

3.075970

69.160
60,8:0
69,910

3,l'..'i.32.J

3,115,374

3,013,3:i8

57,930

i,i;T<i,42J

5,520

2.347,540
2,490,4

45,140
47,890

,

—

Consumption of the Continent. In our Autumn Annual for
18T6 we estimatea the surplus in the hands of ^ pinners at
65,231,000 lbs., or 103,000 bales of 400 lbs.
This figure was, at
the time, by many thought to be rather excessive, the estimatea
of most of our correspondents ranging from 125,000 to 150,000
bales.
It is clear, however, from w at ha^ since transpired, that
the estimate of 163,000 bales was quite low enough. * * * *
It is assumed oa all sides that this surplus has disappeared, and
that spinners now hold only ordinary working stocks. If so, the
actual consumption in 1877 consisted of 2,180,450 bales taken
from the ports, and the above-mentioned surplus taken out of
The details are as follows
stock.
:

ThiB statement shows that the receipts since Sept. 1 up to
to-night are still 19,856 bales less than they were to the same
day of the montli in 1877, and 132,65S balss more than they
were to the same day of the month in 1876. We add to the last
table the percentages of total port receipts which had been
received February 15 in each of the years named.

Bombay Shipmsntb. —According to

oar cable despatch received
to-day .there have been 3,000 bales shipped from Bombay to Great
Britain the past week, and 5,000 bales to the (Joniinent whiU
the receipts at Bombay during this week have been 27,000 bales.
The movement since the Ist of January is as follows. Theee art
the figures of W. Nicol & Co., of Bombay, and are brought
down to Thursday, Feb. 14:
:

week—, .—Shipments since Jan.

,—Shipm'ts this

Con-

Great

Continent

Great
Total,

Britain, tinent.
5,000
1878.... 3,000
27,000
1877.... 13.000
1-J,000
1876.... 5,000

Britain,
23,000
66,000
43,000

6,000
42,000

n,0OJ

1.—,

67.000
4i,000
45,000

,

—

Receipts.

This
week.

Total.
95.000

S7,G0O
34,0f0
27,000

9.1,000

83,0u0

—

Since
Jan. 1.
178,750
li8,fliP0

the foregoing it would appear that, compared with las-t
year, there has been a decrease of 34,000 bales in ttie week's shipments from Bombay to Europe, and that the total movement
ince January 1 shows a decrease in shipments of 4,000 balee,
compared witn the corresponding period of 1877.

—

B.^gging, Etc. Bagging has been in more depast week, and considerable sales are reported
of lots, and the aprgregate figures up to 5,000@6,000 rolls here
and in Boston, mostly for speculative purposes, at 10@10}c.
The market coses steady at 10J@I0|c. for .-tandard qualities,
-with a fair jobbing demand, but rather less inquiry for round
Butts have been in active demand since our last, and
parcels.
sales are large, chiefly to arrive, of 18,000 bales, mostly for
November, December and January shipment, at 3 11-16 gSJc,
gold cash, and also some fair parcels as far forward as March,
April and May shipment. Prices for futures are now quoted at
2J@?|c gold, according to position. Spot demand is fair and
parcels are moving at 2 15-16@3c. currency.
,

EtLisoK &

FOR

1877.

Bales.

American
Brazilian
Esrypiian

We-t

436
165
195

65,650
165,7:0
107,650
3a.880
780,170

Smyrna, &c
Indian,

&c

Bastlmlian

lbs.

weii^lit.

1,0)1 ,370

Totil
Oatof stock

2,180450

Total
Average per

2,350,010

170

449,677,320
10 8J2,-250
92,- 95.050
37,6 7,500
6,; 69,400

381

297, -244, 770

410-4
40)

894 896 290

410
410

962.722,:90
18,513,600

.350

169560

67,8-26,500

week
45, 19-2
In our Annual Report, published in October last, we estimated
the surplus in the han 's of Continental spinners at the end of
September at 5,368,000 lbs. The deliveries in the last three
months of 1877 amounted to 533,170 bales, weighing 223,669,810
lbs., which, plus the surplus on hand at the close of December,
would f;ive 229.037,310 lbs. as the weight of cotton consumed in
the last quarter of the year. The particulars are as follows
:

Average

From

the ports.

Bales.
!5!,T60
:3 430
67,310
;4,C20

American

B

azilian
EL'ypliiin

Lhs.

weight.

110.639,360
3,865.950
40,346.950
8.407,000
1,717,000

4:ib

East India.....

10,100
154,050

1 5
595
360
170
381

Total
Out of stock

633,170
13,480

419 5
400

223,661.310
5,368,000

Total

646.590
42,045

419

229,037,810
17,618,280

Smyri'a, &c
West India,

,

&o

Average per week

58,1,93,060

419

In bales of 400 lbs each, the average weekly consumption is
44,J45, agiinst tbe estinuatc of 48,000 tor the last three months
of 1876 a reduction of about 8i per cent.
lu our October
Annual, we estimated the consuming power of the Oontiiient at
The quantity of cotton
50,2 4 bales of 400 lbs. each per week.
spun during the last three months of 1877 was, therefore, ever
12 per cent., or 6,000 bales per week below a full rate of con-

—

sumption.

and Stocks for Europe in 1877 and 1876.
a statement of the total import into Europe in
The continental imports are those recrived direct
from the countries of growth figures in i,O0J of bales.
1977.
U. S. Brazil. Euypt. Smy. W. L
E. I. Total.
Deliveries

Imports,
Annual Review of the Cotton Trade The
following
have received this week Messrs. EUieoo & Co.'s 1876 and 1877.

Co.'s

—We

the ports.

1-^9,000

From

Gunny Bags,
mand during the

Average

From

very valuable cotton review for the year ending with December
Our space is so limited to-day that we have to confine
31, 1877.
ourselves to the folowing extracts:

—

Weight of Imptrts, Deliveries, &e., in Great Britain. The
following is an account of the weight of each description of
cotton imported, exported and consumed in 1877, and the quantities left in the ports at the end of the year

is

;

GreatBritain
Continent
Total.....

Great Britain
(Joniinent

582
475

3,193
1,67J

86

997

4,870

lOO

37

776
451

3,58a
1,938

101

1C6

2i'8

1

123

101

60
26

102

316
47

2,007
896
2,902

363

420

2,074
1, 102

333
81

831
167

3,176

413

498

274

50

78

1

:

American
Brazil

Egyptian
Tarkey, &c
Peruvian. W. I.,&c.
East Indian

Total

Import,

Export.

lbs.
874,9.38,640

lbs.
50,7(2, -JOO

58,148.850
173,740,00)
4i7.000
10,r.9,600

^,017,960
13,316,100
11.400

94,770, :100

96,900,800

1,306,218,790

1

—

Recapitulation
I'he entire
the following statement

Consumption. St'kDcc.ai.
Ibi.

870,125.200
5-,578,6';0

5,174,41X)

8,147.600
131,5-M.640

56,310.800
41.800
8.010 70n
16,766,460

165,-M1,350

1,237,3:3,500

174,190,160

movement

for the year is

414 2-0

shown

in

:

At. Weight.
Bales.

Stock in the ports l8t January
Stock held by spinners 1st January
Import during the year

588,0:)O

Snpply
Export in 1877
Stock in the ports 3(et December
Stock held by spinners 3lBt December...
Total

Home consumption

The following
of cotton in Great
1877
1876
187=
1874
1873

is

B

Bales.
540

8,0-20

K.084,8
3,1:5,120
8,288,130
3,203,710

lbs.
4 0-7
1

]?5,(0)
3,193,090

413-1

3,971,090

409-0

41.81

.

LI'S.

241.494,281
76.47: ,000
l,306,;i3 7'JO

Decrease

1,624,1:6,010

:

GreatBritain
Continent
Total

1,2SO,:)88,800

I

I

l,266.12!),;5:l
I

315
66

280

1

155

107

411

435

108

1,105

5,1-25

312
103

301
171

2
104

51
61

508
894

3,145
2,613

Total

3,157

415

472

106

112

1,393

5,658

175

4

36

29

291

638

December compare

as fol-

(Inc.)

Decrease

stocks in the ports on the 31st

2

low-:
S. Brazil.
31

Egypt. Smy.

IIO.COJ

4-J8-4

174,3 0,160
47,130,000

GreatBritain
Continent

213
l87

10

95
2

9:0,530

4C6-9

886,61l,51n

Total

400

41

97

3,020,540

409 6

1, -237,37.3.500

Great Britain
Contiueut

S74
207

73
17

105
7

Total.

81

90

112

81

49

15

ItseS

2,946
2,180

,982

165,-291 .350

tr.

1877.

W.

I.

..18

E. I.
46
34

Total.
403
261

8

10

8

28

80

654

15

121

11

66

588
323

187

911

107

257

1876.

15

26

Lbs.

anc)

3,265,6-80

1,176

311l,;8)
2,797,1^93

1,215,455.-250
1,071,7..H,7

2,i;88,4(-)0

9i9.01ii,|i60

-2.801,940

9%,197,100

.-J45

,80

1,977
1,180

43-2-5

Bales.

325

1876.

3/8

1678
1871
1870
1869

43
40

GreatBritain.
Continent

437,420

550

Decrease

1

i

—

The consumption
Probable Requirements of Europe for 1878.
of cotton in Great Britain in 1877 was 1,237,373,500 lbs or nearly
3 per cent less tha in 1876, in which year 1,374,376,750 lbs. were
used, and fully 5 per cent less than a full rale of consumption,
which is at least !,303,f 00,000 lbs. The present rate of couBumption is, probably, not larger than the average for last year.
,

I

],-246,14a,910

1,951
1,031

40:1,180

I

651

2.30

deliveries for consumption during the same years were as
follows, also in 1,000 cf bales
U. S. Brazil. Egypt. Smy. W. I.
E I. Total.
187

:

Lbs.

20

1

The

The

a comparative statement of the c.nsumition
itain for the past ten years
1,237,373,500
1, 274,376,750

6,531

1,82

anc.)

168,5-i!i.800

2.27-a,H00

Total

lbs.

93,096.000

i

In order to give a correct comparison of the amount of cotton
coBsnmed, we have reduced the bales to the uniform weight of
400 lbs. each, as follows:

FKBnUART

ay 23.795,000

THE CMkONICLK

16, 1878.J

lb
par week, or 59.487 bales of 400 Ibn. eacli. At
there are no indicatinna of anv recovery of the
ground lost last year, but, an etocks and prico!t are low, and aa
(owinir to the reduction which has a ready taken p ace) the
demand is mnre likely to Increase tMan lo diminiah, we sIihU
probably bo within the mark, il we estimate the equirements fo'the new year at the snmn aa the "ctual cousumption in lo76, say,

the

.

moment

round number*, 1,275,01)0,000

in

lbs.

The machin

ry in exiatenco on the continent is c'pab'» of spinning 1,044,460,000 lbs. of cotton per annum, or 2,011,150 balea of
Tbe average ate of
100 lbs, fqual to 50,214 balea per week.
consumption during the paat three mo ths has been over 16 per
It i- scarcely lik ly that t'o small an averai^e
cent short of this.
There are, indeed, signs of revival
will be maintained for long.
should say, therefore, that a moderat
in various directions.
estimate of the requi imeu s for ihe continent would be !i70,000.000 lbs. (againrt the estiuiaed acta il consumption of 962,7.'2,780
lbs. in 1877),
r nbout 7 per cent below the fall working power
of the macbiuery in exiaience.

We

•

•

The toll wing, th!'r(ifor>-, is what we consider a minimum
mate of the requirements of Europe /or 187S

es'i-

:

Lbs.
Balei.
Per cent.
Per week,
6ii 3
1,87500.010
of 400 Ihs.
3,187.5
6 .:00
ti7ii,OUO,000
43'7
!,4'»,0no of 4 XJ Iba.
46,6iJ0

OreatBritain
Contloeot
Total

100

S,!4S,000,000

B,6U,300 of 4uO lbs.

107,9.0

—

In the autum wa esti a ed the
Protpeeti of Supply for 187S.
incoming American crop at 4,500,003 ba es. At the time, and
throughout th" monthsof Octobirand November, that fissure was
considered rather a fuU on •, nnd many trustworthy S lUthern
firms thought that 4,250,000 bales would not be exceeded.
Si ce
then, with largely-increa ed receipts, a great change has tak^n
place in pub ic o inio
n tli s point, and the ea imate of 4 500.000
bales ia row regarded ai rather a minimum figure.
Experience
shows that even so late in these son as January ea'imates of the
crop are lia I" to differ gr atly from the eventual yield. At tbe
moment it look< a^ if the crop would be nearer he total of the
season leTore la^t than laa season, that ia, nearer 4,700,000 tbim
4,600000, thougli it would n t l)e nt all surprising if ih-^ lat er
figurea were not exceeded.
Bu as we had rather e a little nver
iha un er t'le actual yield, we shall calculate upi 4.700,000
bales.
Of this total, American spinners wil take 1,500 000, leav
ing 3,200,000 l>alea for aliipment to Europe. Of theae 3.200,000
bales, 1 ,099,000 were aliippe
to the end of D,!cemb3r, leav ng
that
2,10 ,000 for shipment du i g the remainder of the season
the 603,000
ia, to August 31 1878.
These 2,101,000 bales,
afloat a t le end of December, or
total of 2,704,000, will
rrivo
The impirt of new
in Europe y about the end o Septem'>er.
crop cotton batw en the end of Sept'-mb'r and the close of December, 1878, we e timate at 600,000 biles, gainst 496,000 n
1876.
These 600,000 b les, added to ih
1877, and 619,000 i
probable imp rt in <he tir-t nin>) mootli.s mike a t tal t 3,304,000 ba es a tlie import of American ia 187S say, in round numbers. 3,300.000 bales.
In our October Annual, we calculated upon increased shipmenta
from India amounting to 300.000 bnles. Many authorities thought
this figure too large by at least 100,000 bales, and th re are some
who atili think so. At the moment the es'imat a vary between
150,< 00 and 300,000 bales— let us say 235,000 bales
but aa there
are 66,000 bales less afloat tlian there were a' the beginning of
1877, tbe increased import would be only 159,000 bales, which,
•dded to last year's figures ( 97,000), would give 1,156,000 bales
in round numbers let us say 1.160,OOJ bale
aa the probable
import into Europe in 1878. From Egypt it ia th m-ht that the
imports will not exceed 400 000 baled, agiiinst 42 ,000 balea last
year, and from Smyrna, &c., 9J,000, against 103,000.
Tbe Brazil
Bupply ia not exp cted to exceed 300,000 bales, against 363 000
Itist ye ir.
From I'eru, the West Indies, &c., we may get 80,000,
•gainst 86,000
A recapitulation of these figur' a gives the following aa the
estimated supply for 1878 compared wiili the actual impoits in
th j previous three years

171

nations, and it is not unlikely that the difference between
tbe highest and lowest quotations for the year will, a* in the past
three years, exceed Id. per lb., and perhaps lid.; the extreme
range being 1 7 lOd. in 1877, 1 3 nJ. in 1876, and 1 5-lOd. in
The lowest prices will probably be witnessed during the
1875.
first half of the year
but tiiat they will sink to the lowest
touched in 1877 and 1870 ia doubtful, unleaa the peace aegotiatlona now going on fail to accomplish the end they have in view.
Our impreaaion is that tbe eff>rtB of the diplomatists will be sacCH^sful, and tbat in a short time Europe will be traoqui
but we
do not anticipate that sudden ouiburst of commercial activity
which seems to be expected in aome quarters. Eventually trade
will improve, and the cotton industry will partake of tbe eeneral
amelioration
but as the supply of cotton durlae the early part
of the year will, if the American aud Indian movements confirm
our estimates, be on a liberal scale, it may be that prices will not
gain much. It is true that we commence the year with 247,000
bales leaa in tbe ports, and 240,(K)0 less at the mills than at the
opening of 1377 but, unless the revival in business be such as to
compel spinners to depart from the hand-to-mouth policy which
for months past has neutralized the so-called strong aliatistical
position, it is not likely that we
shall wltn^sa any serious
;

;

;

;

advance in prices.
But if the demand for yarns and manufactures should develop
to such an extent as to bring the rate of consumption uo to the
full capabilities of the macbinery in existence, and at the same
lime cause spinners to replenish their exhausted stocks, then an
important rise in prices would be inevitable. In another portion
of our report we show that the spindles in existence in Europe
are capable of using 2,347,960,000 lbs. of cotton per annum.
This
rate of consumption compares aa lollows with our estimated
supply
:

i

>

>

ad

—

•

—

>

;

—

—

Bales of
Lbs.

4011 lbs.

Consnmption

»,S4;,9'>fl,000

Sttpply

i,207,5W,000

58*9,900
5,5H,9C0

140,400,000

351^

Deflclt

Such a rate of consumption, however, is impossible, unless the
American crop cons de ably exceeds 4,700,000 bales, esoecially as
the above figures do not allow tor any addition to the meagre

now held at the mills. With reference to stocks l the
mils, however, we would point out the very important circum-

stocks

stance that the facilities now aflorded by high-cla-^s merchants to
spinners for covering their contracts by purchases of cotton, for
forward shipment or delivery, renders it unnecessary for consumers to hold tbe large stocks which were formerly indixpenfable.
In this way the present deHcit in this invisible ^upply is
shorn of much of the strength it would have had in former titiiea.
Taking a broad view of tbe question of suiiply and demand,
the position of cotton is unquestionably one of considerable
strength, provided, of course, that what may be term d the war
brake on the wheels of trade be removed by the concluaion of
peace 00 a permanent basis. But if, unfortunately, t le present
peace negotiations should come to nothing, the entire situation
would be changed, as the cotton r- quirementa of the world
migbt not exceed those of last year namely. 2,200.096,000 lbs.,
in which case our estimated supp'y of 2,207,560,000 lbs. wonld
more than meat the wants of con.iumer.J.
I
another portion f our report we have drawn special attention to the unsatisfactory— not to say disastrous
results of the
year's b isi ess in the Oldliam district.
This ru'nous state of
things was unq lestionably largely owing to the bad state of
trade which aflected the cott>n industry in general, but not a
little of the misciiief was due to the hcarcity and re'atively high
prices of Surats and the grades of American below Widd ing,
which form th staple consumption of the Oldham district. In
18 8, however, there will be a largely-increasrd supply of East
Indian and low American and from this circumstance alone,
whatever may be the general course of trade, we expect that tho
balance sheet of the Oldham mills will compare very favorably
with those of 1877.

—

i

1

—

;

:

^878.

American

8,3'K)0f^
30 .uno
gypilan.
400,100
J 0,008
Smyrna. Ac
Weat Indian, .be...
80,000
East Indiau
1,1 V,uoa

Braz llan

Total

The weight
lows

5,330.000

187:.

1876.

1«7j.

tmtjn
CM.COO

asiS-iOO
S4U OOD
<-9 nm

9s.?,000

107,000
1,2.7,0^0

1 543,0(j0

4,87i,l00

5,521,000

5 625,000

»,'iO2,O0O

S.l-.'iOTO

S'.I.UUO

4I3.U00

4S0,0)0I
l(«.0a0 f
8i,'0j

of impurt of each description

we

4,2,000
131,000

estimite as fol-

Thk

New

Exports o? Cotton from
York this week show a
compared with last week, the total reaching 9,523
bales, against 11,672 bales last week.
Below we give our usual
table showing the exports of cotton from
York, and their
direction, for each of the last four weeks; also the total exports

decrease, as

New

and direction since Sept. 1, 1877; and in the last column the total
for the same oeriod of the previous year:
Bxportaot Cottont balea) rrona New York alneeSeDt.I, I8TT

:

\racriran
I'.iMzIian

'^M'lian

Bales.
8,800,000
800,000
400,100

^" ";a,

Total

165

595

wuK monia

Lbs.

Samo
Total

0,100
49.'iii0)0

),4.1-,8

Jan.

a3SflO\00

«0,0(JO
8,1,000

8,50

170

I3.6«),«0

1,1.«.UX)

87J

43ii.l6j,000

5,330.0.0

~m\

\\^=tlttdiaa

Kastlnaiaa

Average.
4 «

Jan.

Feb.

Feb.

88.

80.

6.

13,

7.187

6,808

10,S67

7,719

to

period
prev'na

date.

year.

81,5.10,000

2,2j1,660,i.0j

We

LlTerpool

Othor Uritieh Ports

Total lo OC. Britain

have already estimated the minimum requirements of
Europe at 2,245,000,000 lbs., so that, even with an American crop

Qavra
Other French portB

of 4, 700.t 00 bales, there is a deficit of 37,440,000 IbJ., or 93,600
baleaol 400 lbs. each. There is, besides, a reductionfof 25J,000 bales
In the stocks in the pons aud a decrease of at leaa. 24iJ,000 bales
in the quantity held by epianera
making a total deficit of about
530,000 balea.

Bremen and Hanover

—

Probable Course of Price*.— With a supply of cotton baaed
upon liberal estimates, but nevertheless about 2.000 bales
per week leea than what may be taken as a minimum rate
of consumption, we expect
ttiat
the
average price of
luiddliog uplands will be somewhat higher in 18;8 than
it
was in 1877. There will, of coarse, be numerous 'flact-

'PotAl

Prfinch

....

7,187

6,506

398

•p>ia,Oporto&01braltarAc

7,1(3

7,719

1TO.179

XH,416

868

<00

3.871
IIS

5,141

8,988

5,1(1

11.8-8

9.148

8E8

SCO

100
S87

j'7

S87

58T

Ib.isi

i,se«

11,960

1.809

....

MO

ailothera

Gi^nd Total

21' i'i

1,»M

10,967

1,»9J

Total to N. Barope.

176.591

__

.

....

....

8.071

tfiC»

li.trs

9.513

..

«06,90

SCO

844.7W

'mv, iiERomc^M^

172

The following are tlie receipts of cotton at New York, Boston
Philadelohia and Baltimorefor the nasi week, and since Sept. 1,'77'_
KBW TOKK.

BOSTON.

FHII.ADBLf'lA

BALTIMOBS.

This Since
week. Sept-l.

This Since
week. Sept.l.

This Since
week. Sept.;

BBOB'TBTROH
This
week.

Hew

Orleans..

Since
Sept.

107,6r5
j8,3S2
111,331

3,C4;
1,690

Savannah

1.

3,25-2

9,064
6,624

...

I>i22
16,368

S4,6S)a

l',-24i

'6-35

42,967

Mobile
Florida
B'th Carolina
trth Carolina.
Virginia
North'rn Port?

5.131

87,85S
41.192

'sss

'9ii

am
2,5fi=

13-.',i'i9

1^972

47',9;6

669

11.8S9
70,485
S,T66

l,ti44

6s:n 8
68,960

273

Total this year

1S,353

619,'.03

Total last year.

29,7(12

732,738

Tennessee,
Foreign

i.;3i

B,0o

&,c

Shipping News.

13!fl93

922

i,«6S

2;i66

22,354

7,403 319,472

S,16fi

39,934

t4.ur 199,818

2,188

40,621

£61

16.380
o2,15«

'is-,

4',926

3,223
2,916

1

:

09,51'!

87,749

— The

States the past week,
So far
115,393 bales.
»re the same exports

The Chronicle

'«4

last

include the manifests
night of this week.

exports of cotton from the United
as per latest mail returns, have reached
aa the Southern ports are concerned, these
reported by telegraph, and published in
Friday. With regard to New York, we
of all vessels cleared up to Wednesday
Total bales.

N«w YonK—To

Liverpool, per steamers City of New York, 1,037 ..
Montana, 1,668 ...Parthia, 872. ...La Place, 1,476
per ships
Cartes burn, 2,041.
Lake Superior, 6"3j
To Havre, per steamer A. Strong, 200
To Haraburg, per steamer Friaia. 317
To Antwerp, per bark Paciflc, 1,252
To Chiistiana. per bark lu^a, 40
Kkw Orleans—To Liverpool, per steamers Ftoiemy, 2 601
Caradoc,
Ltvenicr, 2.i00
2,450
per ehipi I'onlaw, 4,740
Roaie
.

[VOU XXVI.

Princeton, ship, at Liverpool Jan. 2tth, from Savannah, was in collision in
the river Mersey, evening of the 35th, with bark T vee Znsters
BBEiD.iELiK,'bark iNor.), Ni;laon, at Dunkirk, Jan. 2;th from Savannah, lost
an- hor and chiin.
Caspian, bark (of Liverpool), Cook, at Il.ivre Jan. 25th from Savannah, took
ttic ground off the entrance to former port Jan. 25th, and was obliged
to Slip herauchir and 30 fathoms ch.in and take the assistance of a
steamer in order to avoid driving ashore, in coasequeuce of the heavy
gale p-evailiiig.

Jennie Sweeney, from Galveston

for Philadelphia, which went ashore on
Mato.mpkin Island, Va., has been got off and was towed to Philadelphia,
Feb. Mth, after dis barging part of her cargo into a li^^bter by steamtug
North America. The schr.''Ciiance arrived at th3 De aware Breakwater
on the 11th with cotton from the bark.
C. C. CoLSON, brig, from Mobile for Amsterdam, was condemned and sold at
St. Thomas J.m. 2Sth. hull and materials realizing some $1,000,
Thomas 6. Smith, schr. (of Pniladelphia), Corson. Irom Georgetown, S. C,
for New York, went ashore at Shark River, one mi c and a h<ir south
of Asbury Park, N. J., at 3 o'clock morning of Feb. 10.
She left
Georgetiwn Jan. 31; experienced rough weather. The captain says a
vessel crossed the bow of the sehoonerat 12:30 o'clock morning of 10th,
doing her slight damage. Soon after this they saw a W-jht to the northwest, and supposing it to be a steamer they headed in that direction,
but roon struck the beach. The captain supposed thev were 20 miles
atsea when the vessel s'ruck. The light they saw proved to be a light
carried by a patrolman on the beach.
The vessel lies well up on the
beach in good condition.
The schr. is owned by L. Mathews of Philadelphia, and is insured. The cargo was consigned to E, B, Hulbut, of
No. 85 South street. New York. A later advice says she lies in about
the same position as when she strnck. She has tilled with water and the
ric3 on hoard will probably be a total loss. The rest of the ca' go is being
transferred to the wrecking schooner Sallie Merritt (which arrived at
New York Feb. 12 with part of the saved caigo). There is no surf
at present, and it is thought the schooner can be easily hiuled off when
the cargo is removed and the water pumped out. She had 5a bales of

cotton on board.
7,719

2
317
1,252

40

LrvBBPOOL, February 1-1— 5:00 P.M. By Cable from LrvBRPOOL. Estimated sales of the day were 8,000 bales, of which
1,000 bales were for export and speculation.
Of to-day's sales
6,350 bales were American.
The weekly movement is given as

—

(0II0W8

.

Weit,5291.

To

Linsui,-t, 5,985
per eliip r?creamer, 4,751

Havre,

Jan.
23,268

.

4,751

To Rouen, per bark Luisa, 276
To Brtmen, per steamer Braunscheweig,

216
3,710., ..per ship Stamboul, 4,5:.8... per bark A. F. Sloiicman, 3,939
13,387
To Genoa, per ship Erminia 1., 985
985
MOBILB— To Liverpool, per ships Lydia tkoefltld, 4,3(2. ...Shelbnrne,
4,107

;

To Havri, per schooner Welaka, 1,420....
To Amsterdam, per bark Fides, 930 ...
Charleston— To Liverpool, per barks G'eno'a.

8,44!i

1,420

9

.

1,8?0 Upland and 1 f'ea
Winona, 2,114 Upland and 65 Sea Island ..Ponema,
Upland and 100 Sea Island
Eiiiique. 935 Upland
To Havre, per barks Nora, 1.6CflU|Tland
Abr .ham Skalle, 1,150
Upland and 35 Sea Island
per brig Le Pcierin, 953 Upland and

Island
2,135

10 Sea Island

To
To

Antwerp, per bark Matilde, 1, SCO Upland
-. ..
a port in Spain, per barks Am-izona, 1,011 Upland
joven
Beatriz, 60J Uidand .. per brii; Solidad, 235 Upland
Savannah— To Liverpool, per ship Contest, 2,930 Upland and 200 S a
Island

To

9;

SjM.

1798
'

'

..

Victoria, 1.975

PHiLADBLrHiA— To

8 4'i0

steamer Sarmatian,

!......!..

(,92

Total

Havre

&

200
5,027
1,420
3,618

Charleston. 7,150

Savannah.. 3,130
Norjolk.

..

Baltimore..

Boston

8,027
1,159
9,212

and

Araster- Ant- Spanish

Cork. Ruuen. Hamb'g. dam.

7,719

Wilmingfn

7-16

..m

7-16

..m

3:7
12,327

....

werp.

port.

1,603

'981

2,450

2,.338

3,800

l,B3i

'%^

69;

10,79 i)
14,394
11,71S

2,140
9,212

966

.9:s

1,881

53
612

3,-

692

..@6M

..®6Ji

Fri.

Futures.

These

sales are

on the basis of Uplands,

Low Middling

cianse, anleas other-

Satubdat.
Mar.-Apr. delivery,

6i,'@:!-33d.

Aor.-May delivery,

6 6-32!g(>id.

May-June

I

Apr, -May delivery,

6 3-32d.
delivery, 6>^ii.

May-June

delivery, 6 5-32d.

I

delivery, 6 6-32d.
June-July delivery, 6 :i-!6d.

new

June-July delivery,

6 J-16@5-32d.

Apr.-May

Mar-Apr.

delivery,

delivery, 6 3-32d.

June-July delivery, 6 5-32d.
Jan. shipment, new crop, sail, 6iid,

crop, sail,

6 5-32d.

3-32d.

915

»,8ti3

981

..mH

week

wise stated.

Jan.-Feb. shipments,
9 215

9,52):

1,798

76,000
65,000
4,000
805,000
303,000

..@6X

Feb.-Mar. delivery, 6 3-32d.
Alay-.June delivery, 63^d.

41,607

9:0

3«,000

Thnrs.
.M'iii

Feb.-Mar. delivery, 6 l-16d.

Trieste Total

1,252

3-17 ..@6;i
7-16

May-June

Genoa*

3,658

Philadelp'a

..(fifi

TtTKSBAT.
Jan. shipm"t», new crop, sail, 6 3-.32d.
Jan.-Feb.shipm't, new crop, sail, 6>id.
Mar.-Apr. delivery, 6 1-J2d.
Mar.-Apr. shipm't, sail, 6 3-161.

Feb.-Mar. delivery, 6 l-16d.
Mar.-Apr. delivery, 6 l-16d,

Apr.-May d. livery, 6
May-June delivery, 6

l-16d.
:i-32d.

June-July delivery, 6^gd.

Wednesday.

these shipments, arranged in our usual forui,

N. Orleans. 23,268
Mobile .... 8.149

Texas

3 16

I,'l59

Bremen

New York.

..©6

R 027
1,836

are as follows
Liverpool.

4,0110

2.000
535,000
371,000
58,000
46,000
5,000
315,000
312,000

Wodnes.

Toes.

.3-16

15.

45,000
11,000
34,000
5,000
2.030
558,000

MONDAT.

....115,392

The particulars of

©6
©6

Feb.

dally closing prices of cotton for the

Mon.

Satnr.

8.

54,000
13.000
40,0(0

Mar.-Apr. delivery, 6)id,
Apr.-May. delivery, 6),'d.

3553

i-lverpool, per

show the

Feb.

1.

51,000
10,000
39,000
3,000
1,000
511.000
371,000
140.000
129,000
4.000
317.000
285,000

31)5,000

table will

sacks Sea

Island ...per ship Joseph Milherry, 3, 9a4...
To Havre, per schooner 11. R. Tilton, 1,836
.'.'..*.'
WiLMiNGTOs— To Liverpool, per trig Amanda, 1,159
To Cork, Falmouth or Plymouth, for orders, per brig Emma, 981.'.'
HoKFOLK— To Liverpool, ppr steamer Puerto Rico, 1,')25,.. per ships S.
F. Hnsey, 3.385
Nonautnm, 3,902
Baltimore— To Liverpeol, per steamer Scandinavian, 966
.,
To Bremen, per steamer Baltimore. 915
Boston— To Liverp.iol, per steamers Ciiy of Valparaiso, 1,271
Ma'r'a'.

thon,312

American

Mid. Upl'ds
Mid. Orl'ns

3^810

4

SSil.OOO

afloat

3,340

2,338

....!....!..

Amount

..

Feb.

25.

Acluilexoort

Total slock
of which American
Total import of the week
of which American

Tae following

l]s^

bales.

44.000
7.000
30,000
2,000
1,000
415,000
289.000
107,000
91,000
6,000

of which

Sea

Island

To Amsterdam, per bark Hypalia, 2,150 Upland
To Trieste, per steamer Nio, 3 SCO Upland
Tbxas—To Liverp ol per steamer Athenian, 4,099 and

week

7,150

3,130

Havre, per bark Matilda 0. Smith, 2,241 Upland and

Sa'es of the

Forwarded
Sales American
of which exporters took
of which speculators took

Feb. delivery, 6 1 32d.
Feb.-Mar. delivery, 6d.

Feb.-Mar. shipment, sail, 6Md.
Jan.-Feb. shipments, new crop,

Mar.-.\pr. delivery. 6d.
Apr.-May delivery, 6 I-:52d.
May-June delivery, 6 1 16d.
June-July delivery, 6 3-32d.
July-Aug. delivery, 6Xd.

Feb. delivery, 6d.
May- June delivery, 6 l-32d.
June-July delivery, 6 l-llid.

Feb.-Mar, delivery,

6

.\ug,-Scpt. delivery, 6 6-32d.

Thchsday,
Apr.-May shipm't, new crop,
6 l-32d.
May-June delivery, 6 l-16d.
6@l-:!236d.
I

Mar.-Apr. delivery,
Apr, -May delivery, 6 l-]6@l-32d.
June-July delivery. Ii}4&i-3td.
July-.'^ug. delivery,

I

I

6^A.

Jan.-Feb. 'shipment,

new

sail,

l-16ri.

I

crop, sail,

Feb.-Mar. shipment,

sai",

6Xd.

sail, 6 3 Sid.

Mar.-April delivery. 6 l-32d.

Jnly-Aug. delivery,

6 5-32d.

1

6 8-32d.

I

Fbidat.
Total. .73,350
981 14,469 13,559
Included in the above totals are, from

3,380

3,052

1,;96

4,7S3

New

I15,-)92

York, 40 bales to Christiana.
Below we give all news received to date of disasters to veaels carrying cotton from United States ports, &c.
Baltimore, str. (Ger.), which left her wharf at Balt:more Feb. 7 for Bremen
j;ronnded at 3 P. .M. off Fort McHeniy, on account of the obstructionof numersu.H smaller vessels in her path near that point. The officers
saw that in order to prevent accidents she would have to be urouuded
and the latter alterrative was preferred to the former. She was nulled
°? '^1 °,?,?'' ?f'',ep™'''>s by the ice-boat Maryland and returned io her
wharf. The Baltimore sailed again on the 6ih.
Qkh. Barn»s, str., from Sav<innah for New York, which disab'ed her machinery, and arrived at Fortress Monroe and was towed thence
to Norfolk
reported to repair, left Fortress Monroe Feb 8, 7 P.
" in tow for
New York, where she arrived on the 9th.
QCLF Stream, ar., from Wilminjton, N. C, for New Yo-k, havirg in tow a
wrecked sclioijner, was towed into Fortress Moaroe Va Feo l-> by
steamer Wyomin/, from Savannah fcT Philadelphia, h'avinir 'broken
rndder-f ost and cylmde:-head when thirty-five miles southeast of Caoc
^
:

M

Feb. delivery, 6 l-3ad,
Feb.-Mar. delivery, 6d.
M T.-Apr. delivery, 6d.

I

Apr.-May delivery, 6d.
May-June delivery, 6 l-16@l-32d.
June-July delivery, 6

Liverpool.•
"
SaU.

Steam,
d.

Monday..

—&H
—&'4

Tilosday.

—(ji',4,

Wed'iia'-.

Thur'dy..
Friday...

—©J
—Sm
—&il

eall,

6 l-32d.

Feb.-Mar. shipment,

sail, 6 l-16d.

1-I6d.

week have been

Cottou freights the nast

Saturday.

Feb. delivery. 6d.

July-Aug. delivery, 6 S-32d.
Jan.-Feb. shipment, new crop,

,

aa follows
Bremen. > ,— Hamb«rg-»
Havre.
Sail.
Steam. Sail,
Steam. Bail, Steaix.
.

—

— —
,

—

.

:

d.

comp
comp
5 comp
X comp
J« cump
M comp
hC
i^

11-16 cp.
11-16 cp.
11-16 cp.
ll-l(i cp.

11-18 cp.
11 16 cp.

u
u

X

«
a
X

cp.
cpcp.
cp.

cp
cp.

Ti
Ji
;i
J{
Ji

%

comp.
comp.
comp.
Comp.
comp.
comp.

BRE ADSTUFFS.

Friday. P. M.. Feb. 15, 1978.
Beli.b teamboat fro.-n Shrcvcport for New Orleans, lunk near Norman's
The indications that Great Britain will become involved
Landing, Red Uiver. I-el). 10, and will be a t tnl lofs. She had a rar^o
of 2,600 lilies of cotliin, which will probjb y he saveii, but djmoEed
bv in active hostilities '«iih Ruesij, from her relations with Turkey,
water. Cargo msure in New Orleans.
Georoe I'»abodt, ship, Clarke, at Liverpoi 1 Jan. 21 from New Orleans have caused au active export demand for flour, and piicts of low
drifted In the Mersey aud foul< d fie landing «lag». hut was
towed clear grades have advanced 10(S,25c. per bbl., while the belter grades
and anchored off Trai.merc without any apparent damage.
JIATORA, ship (of Glasgow), at Havre Jan. i8ih. from New Oilean.' erounded have baconie more salable at full prices.
The gales for export
on a bank off the entrance to Havre rn Jan. 251 h while making f(.,r
the amount to about 00,000 bbls. at |5(a:,5 25 for common extras, up
afterwards
got
off,
"
apparently wUhout haViB'-sus-J
tal
d'd
Production has of late been
to $5 40@6 15 for good to choice.
natter,is.

La

.

1

™'

il

I^BBBUART

THE (mKONlCLE

16. 1878.

173

BR0IUFT8 OF n..ODR

curtailed ly the dUproportionate values of flour and
wheat. In rye flour and corn jueal there Las been little change.
To-day, the market was very flnn, but quiet.
The wheat market has been buoyant, but the views of holders
have advanced so much more rapidly than the orders of buyers

lomewhat

WBEK ENDED

ANDORAIN AT 8KABOARD PORTI FOR THB
9, 1878, AND FROM DKC. 81 TO FEB. 0.

FEB.

Flour,

At—
New York
Portland

13,463

S2,10()
10.',000

lIl.OOi)

...

7,102
10,140
15,270
8,484

49,200
168.400

Prevlonsweek

r.2,631
113,671

1,410.717
1.5:5,550

week

17i:,i32

UO.IOO

.N(i>ntreal

was somewhat restricted. Transactions on WedNo. 2
nesday and Thursday embraced No. 3 Milwaukee, |1 24
New York & Chicago sprinpr, |t 37@1 28 No. 3 Milwaukee,
|1 80; No. 1 Minnesota at |1 34, and choice white at |1 43@1 45;
bnt the close last evening was at bids somewhat reduced. Receipts at the Western markets continue greatly in excess of last
year, and liberal supplies are coming forward to the s»aboard by
To-day, the market was buoytint but not active winter
rail.
that business

Philadelphia
Baltimore

;

huib.
1,006,000

Boston

NowOrleans

Corn,
hash.

Wnii4>.,

hbls.
6.8,172

Oats,

Bariey,
Bye,
hash, bnali.

bnsh.

852.568
118.200
2,900

61.593

83,570
8.100

50,';5)

le.llM

13,0lM)

1,200

1,000
2.IM0

49),M)0
829,000
001,750

83.5C0
18,000
77,400

6,175
....

1,902,113
1,6S8,857
1,376,697

t'^.OiS
800.936
312,469
l,3i«.578
1,473,978

79,045
79,400
99,223

27,0'30

749,225
402,039
883,810
223,820

79,840
154,183
40.778
3S,»iO

....

5),0n

600

80O
1800
]

;

ToUI
Cor.

.

'7'i..

Dec. 31 to Fob. 9....

Same time

1877

S-vme time 1876

Same time

1875

950,121
693,871
1.127,873
1.00I,4S0

7,374,612 10.127,362
536,669 6,958,7a4
1.962,954 S,.374,337
1,761,703 7,397.571

'

1,4.57,426

l,69J,9i7

19,974
11,880

;

THE DaY aOODS TRADE.

red sold at |1 37 for No. 3 and f; I 40} for No. 1.
Indian corn was in lair demand throughout tho week, and
prices were steadily advancing to the close of yesterday's busi-

when old No. 3 mixed sold freely at .39}@00c. in store;
iteamer mixed, now, at S0@50ic., afloat, and No. 3 at 49@49ic.
Supplies are light at this point, and receipts not excessive anywhere, while the views of holders have been strengtiiened by the
belief that diplomatic complications, and possibly open hostilities,
may for some time to come prevent supplies from the Danube
reaching Western Europe. To-day, No. 3 mixed advanctd to 50c
and there were large sales of No. 2 for Feb. at 59ic.
Rye was slightly lower early in the week, but with a fair do.
mand prices recovered strength and the cl >ss is Arm. No. 3
Western sold at 71@73o., and State No. 1 at 74@75c., closing with
Barley has been fairly
76c. reported paid for Canada in bond.
active and closes steadier, but the business has embraced much
nesa,

irregular stock, and quotations are difficult to

The demand

fix.

has been mainly for export, Oats have met with a moderate
demand, and there is some recovery from late inside prices, closing
to-day firmer, with No. 3 graded at 3&)v. for mixed and 36c. for
white.
are closing quotations

orn
3itra State,

Obaim.

Si

Wheat— No.3 8prlng,ba»L$l

bbl.42 75a 4 OO

«l

No.Ssprlng
No.l spring

West-

4 303 4 90
5 15(8 5 30

Ac

eitrse

5 C511 5
6 50a 6
8 25® 5
6 50(3 8
5 303 ^

doXXandXXX

do winter X and XX..
do Minnesota patents..
Clt7 etupplDf; extras.
City trade and family

brands

6

Soatliern bakers'

and

253

40
75
75
50

1

1
1

Yellow Western,

51

...

old..

Rye
Uats— Mixed
White
Barley—Canada West..

6 50

1

21

1

31

1

35
3S

1

1 41

M

47<J
4t
5544

Southern, yellow, new.

13

3

a»3
333
843
363

1363 145

Com—WeBt"nmlxe(»

fa-

mily orands
Soothern sbipp'e extras.

1

Red Winter
Amber do
White

Western Spring Wheat

;

—of

whom

—

were a good many in the market were a
little more liberal in their purchases.
The woolen-goods branch
of the trade was exceptionally quiet, and clothiers are carrying
such large stocks of heavy clothing that the outlook for autumn
woolens is by no means encouraging.
Ginghams, cotton dress
goods and piques were severally in good demand by package buyers, and there was a fair movement in cotton hosiery on account of
previous orders; but all other descriptions of domestic goods
were more or less depressed, and the dealings in foreiga goods
were light and unimportant.
Despite the above condition of the
market, values remained steady and without quotable change.
Domestic Cotton Goods. There was a very light demand
for domestics by exporters, and the shipments for the week ending Feb. 13 were only 558 packages, which were sent as follows :
Brazil, 137 packages
Venezuela, 109 Great Britain, 93 MexiBritish Hondura.', 70 British Australia, 34, and small
co, 88
lots to other markets.
Brown sheetings and drills were in moderate request and steady, while bleached cottons and wide sheetings ruled quiet. Colored ducks, denims and tickings were in
fair demand by converters and the trade, and corset jeans were
moderately active.
Checks, stripes and osnaburgs continued
quiet, and cheviots were in irregular request; but cottonadea
were rather more free'.y taken. Print cloths were fairly active
ers

there

—

76
:w

853
soa
033
743
6i3

41

Ma

8

S
3

...

07
70
80
85

|

I

I

—

Bxonrrs ki xaw tobk.
Same
1878.
bince
time
For the
.

,

week.

Jan.

1.

499,'03
18,178
8,310,080
2,15t.4l4
68,980
682.211
62?,S15

yiOOT, bblS.
0. meal, " .

12,762
S, 170
Wheat, bns 1.049.050
" . 366,770
Cora,
" . 16,584
Hve,
Barley. " . 104,989
54,415
Oata ...'• .

szpoBTs raoH n«w tobk.

-V

1878.

.

For the

1877.

week.

8!»,46a

69,941
2.816
996 565
253,214
61,58 J
J2J,9:4

ae.OW
<lt,S(W
1,546.011

84,507
466.877
778,316

500

.

,

,

1877.

Since
Jan. 1.

For the
week.

309,871
24.t60

24,711
5,,«3
92.770

I,H(i5'8

8!«,27r
2,000

l,8i2.»4(i
t2,.53)

1,150
4,981

7*,36!
16,308

4,8J8,()21

1,720,(>48

183.165
35«,5-'4

20,318

S-ince

Jan.

1.

151,410
80,916

The following tables show the Qrain In sight and the moveBent of Breadstuffs to the latest mail dates
IUCB17TB \T I,AKB AND RITBR PORTS FOR THB WKBK BNDING
FEB. 9, 1878, FROM DECE.\IBER 31 TO FEB. 9, AND FROU
AUG. 1 TO FEB. 9.
At-^

Ohtcagu

Xilwaakee

Flour,

Wheat,

Com,

bblB.
(196 lbs.)
3\5ii«

bnah.

bush.

B'.0

62,399
71,272
7,600
91,782
4,49)

Detroit

.1,r55

Oaveland

•1,275

St. Loals
I'eorla.

14,317
2,750

Total.

102.73)
lll,9l-i

Corresp'ngweek.'IT.

77.362
82,478

'76..

Tot. Dec. 31 to Feb.
8*me time 1977
Same time 1876

8»met!mol!7E
I

Sametlmo
Sametlmc
Sametlmo

9.

1876
1873

..

1,!2S.i93
l.u;5.4l9
250,&1S
0ll,i>';3

J3.C50

17.500
58.662

£0,20)

M,nfl

307,350

33.5M

S6,)l;0

5,2(X)

wMSS.18)
4.1>8.0W

6,703,0:'ii

496,757

5.fJ.',,748
•

.

.'.

(.,131

;

were lightly dealt

in.

—

Foreign Dry Goods. There was a comparatively light
movement in foreign goods from impprters' bands, and the jobbing trade was devoid of animation. Dress goods and silks were
in irregular reques', and ribbons and millinery goods moved
slowiy. Dress linens were more active, but housekeepiag, shirting and clothing linens were only in moderate request. White
goods, Hamburg embroideries, and imitation laces and nets were
severally In fair demand. Men's-wear woolens ruled quiet, and
hosiery was inactive. The offerings at auction were meagre and
unimportant, bnt fair average prices were realizad for the goods
sold.

Imporlatlon* of Dry <ioods.
rTBBID rOB OOMtXriCPTIOM rOB TBI WBEK MDIMe
Ilaunfactnresof wool....l.Sfil
cotton.. 2.040
do

Tot. Doc. 3t to Feb. 9 629,227
1876

491.138
622,>ll

Baiue time 1878

4>6,4U

Corn

}6.i.5,70'.'

B97

629,.)39

M'scellaaeous dry goods. 7,<J«0

260,691

1,616
a31
1,513
1,461

l^T-M 13,664,763

6,3-51

do
do

21,521,031

hush.

Pke».

829,10*

riB.
.

Value.

14, IS'S.

1878

.

Pkes.

t40J,20a

6tC

49:1.S94

1,097

704.695

6(4
916
'67i

8-5,15.')

219.614

»S,2i2,46l

1

Woe.

$:67.234
346,949
4)0.308

2a0,M»
li1,49)

3,8.9 $1,366,815

irnBsaAWH raon wABcaoosi aho trhown irtTO tbb makkbt oaBixs trb
SAMS PSBIOD.

1.92)

busb.

IS77

.

3;);).91S

flax

Uaaofacturesot wool....
cotton..
do

«5..';.-)7,S97

What,

.

I,40t
1,>55

silk

Oats,
bnsh.

5.7S3.0.3S

3 M.1,7J!

l,ll4,!<iS

863.119

2,'.50 7.S3

1.653,20

4,i01 132

1,46»,;37

2,7i)2,69J

^01,121
931,228
l,0.8ili9

Barley,
bnsh.
571,576
408 2:3
SS4 531
SiS.Utt

Ryu
hush.
12«,2'.0
99,2;)n

859
420

192.512

169

MJ.IM

18<»,e7l

617

»3.2I7

6H

l*'.5fj

801

Tm

S718.60i

sloTJ

*8)8.018

590

S.>24.562

2,103

128,06»

»»*<»

$588,108

irrEBBD roB WAHinoosma dobuio «a«b pbbiod.
Minnfacturssofwool.... 769

do
do
do

cotton..

611

silk

Itr
6iS

Bai

...
...

H'.scdlaneonsdry goods. 3,143

8f537
97,203

1-01.788

175
8)1
672

115

Miscdlaneoas dry goods.

$:6A,083

514
619

(217,861

181,700
115,896
153.757
43,t9l

IMS
010

silk
flax

Total

Flour,
bbl«.

1876

Pkes. Value.

Total..-

SHIPMENTS OF FI/>UU AND CHAIN FROM WESTEBN L.VKK AND
BiVBu roivrs fuom dec. 31 to fkb. 9.

Sometime

—

do
do

• Estimated.

8amellmeH77

time of year, and stocks are rapidly accumulating in agent's
hands; bnt, as above stated, ginghams were in good demand.
Woolen Goods. Agents have almost completed their deliveries of spring woolens to the clothing trade, and light-weight
cas^dmBres were consequently very quiet. There was some inquiry for heavy cas:'iineres, and a tew sales were effected by
means of lowpricef; but transactions were light in the aggregate.
Worsted coatings were in moderate request with most
relative activity in stripes and diagonals, but coitouwarp worsteds continued depressed. Black cloths and doeskins were in
light request, and cheviot csatings were less active.
Kentucky
Joans were distributed in small lots to a moderate amount, as
were printed satinets but black and mixed satinets ruled quiet.
Worsted dross goods were only in limited demand, and shawls

.

6,4)9.783
5,8S1,377

25.7.-)

;

to 3|c., lees 1 per cent, cash, for extra 64x64b,
Prints were very quiet for the
3ic., 30 days, for 50x60a.

and

850

1 40.8SS,657
'<:

2.72
3,0bu,3;;

2,1.30

90»,)lj
S40.50)
1,25I,40S

5S(i.6r,5

.

8,9.36

(48 lbs.) (56 lbs.)
60,216
15,067
49.312
4,?9a
3,600
64
3,641
78

I,131,«3I)

5i;3,6

.3,14

Rye.
bush.

171.29')

5791.011

"

Barley,
bnsb.

(32 lbs.)
171,210
19.900

6,911,609

1

Oats,
bush.

(56 Ihs.)
879,621
12.750
183,719
4,34^

601,843

to Feb. 9.3,5',',1377.

862,941

8S8.mi

Toledo

Previoaawcek

(60 lbs.)

45,24)

;

;

at 3 9-16c., cash,
5H

;ia

002 7 00
State, 2-rowed
403 5 'j5
State, 4-rowed
403 3 00 B.arley Malt— State
Oornmeal— Western, Ac. 2 4C3 i 70
Canadian
100(3 110
Ootnmeal— Br'wine. Ac. 8 153 3 20 Feas-Canada.bondAfree
633 00
The movement in breadstu Bs at this market has been as folRyefloar.BUperflne..

ToUAai?.

to operate in
accordance with their actual requirements, because of the
prevailing uncertainty in regard to freights but Southern buy-

strict

;

jfLOUB-

No. J
laperSne Sute

:

Western and Southwestern trade continued

Tlie

;

The following

lows

Friday. P. M.. Fob 15, UTS.
Business was very quiet the past week, taking into consideration the number of buyers in the market and the time of year.

Total...

Tl^S

J3 0.2JS
l.-S.tlO
19H..597

167,M2
63.171

$930,877

.316

HW.'-*'
8;,t«

126
479

171,695
96,641

ai

_!'^*
HM.Ui

416

1,581

'«'
417
130

650

._!i'
1.95*

»H?";S
111,147
1.8,987
151.824

*V^$716,J5«

TBOE CHRONlOLti

174
the:

131 I>evoni(lilre
DIRECTORS:
Jb., flrui of

St.

Holllngsworth

&

•

A.l.BlNYON.
The well-known character of theee pentlemen Is a
guaranty of a faithful and discreet management.
Mercantile Accounts and Accounts of Banks and
Bankers received on mo>t favorable terms.

CoUecMoBsmade on all accessible points. Special
attention given to the sale of Sterling Bills of Exchange also to orders for jiurchase orsale of Government Bonds and Gold, and to collection of Coupons,
Dividends and Heglstered Interest.
Interest allowed on Deposits, according to agreement. Loans made oa iMerchundlse, on satUfactory
;

margins.

The

offlcere will give personal attention to all business entrusted to them, and no pains will be spared to

business relations with the
pleasant and profitable.

A. I.
F. J.
G»o. Wk. Baxlov.

Bank mutually

BENYON, President.
CHICK, Cashier.

payment.
German American Bank, New
Correnpondents.
Tork; Loulalaoa Mailonal Bank, New Orleans; Bauk
if Liverpool. Liverpool

—

8

F. O.

IS

DEVONSHIRE

26 Pine

Co.,

$250,000
185,000

.....

Pres't.
A.J. WILLIAMS, Vlce-Pres't.
S. G. COLLINS, Cashier.

CORRESPONDENTS.

Nbw Yobk — Tradesmen's

National Bank.
Co.'s

Bank.

Especial attention given to Collections, and
mlttances promptly made.

R

Financial.

Neiv York,

Co., and Eugene
York; Southern Bante, Savannah, G ^

New

EBEKT,

r. J.

HUNTER,

Street,

REFEBKNCK3.— Henry Talmadge A

&

DENVER, COI.ORADO.
Capital Stock,
Capital Paid-in^

JLKD

Broker and Dealer In Southern Securities. Loans
Negotiated. Advances made on Securities placed in
my hands for sale at current rates.
Kelly

Exchange Bank,

San Francisco— Wells, Fargo &

Savaanah, Georgia,

81.

THE CITY BANK OF HOUSTON,

& W.

J.

&

Seligman

Co.,

bankers,
£9 EXCHANGE PliAOE,
CORNER BROAD STREET, NEW YORK.

Capital, $500,000,

Houston,

Texas.

We f^lve special attention to collections on all accessible points.

Directors.— Benjamin A. Botts. Pres't: C. S. Longcope, W.J. Hut;nln8. F. A. Itlcc, C.C.Baldwin, W.B.
Botts, Kob't Brewster.
BEN J. A. BOTTS, Pres't.

WEEMS,

T

Issue Letters of Credit for Travelers,
Payable In any part of Europe, Asia, Africs, Aostralls
and America.

Draw

W

.

Henry

House,

.

trans-

California.

ST.,

HOUSTON, TEXAS.

DEALER IN

&

King

S.

BA N K £R

BANKER,
MAIN

41

Exchange and make telegraphic

Bills of

money on Earope and

fers of

Cashier.

ST.,

Boston,

Vork,

Box

JAIMES

Georgb H. Holt,
Member N. Y. Stock Exchange

WALL STREET,

New

James Hunter,

B. F.

Oeo.Wm.Ballou&Co

ALABAini.

IffOBILE^

Special attention paid to collecllone, with prompt
reraUtan':eB al current rates of exchange on day of

Whitney.

P. JROWN, firm of Brown, Steese & Clarke.
M. B. Tower, Marine i^ontractor.
M. P. Springeb, firm of Springer Brothers.
Edwin Kat, Agent Connecticut Life lusurtince Co.
K. M.FowLE, Ann of Fowle & Carroll.
J. H. Sanborn, Merchants* i obacco Co.
Gho. C. U ND, Ann of liand, Avery & Co.
J. H. Whitakkr, firm of Enoch Benner & Co.
Arthur skwaxl, President Bath National Bank, Me.

make any

Co.,

BANKERS,

ROOM

Office.

&

Thos. P. Miller

This Bank, duly authorized by the Comptroller of
the Currency, ts now open for business at
No. 2. RIALTO BUILDING,

G

B V. WILLIAMS. JNO. W. HILLBB

THOS. P. HIX.1.SB,

Paciiic National Bank
OF BOSTOIV.

LxoxABD Whitnky,

Western Bankers.

Southern Bankers.

Boston Baa»ers.

Opposite the Post

[Vol. XXVI.

8

Co.,

,

45 Pall IfkalU Ltoadoii, Snxland*
leaneClUCULAU NOTES />*« Q/ cA arff*, avaUaWe
tn all parts of tbe world.

Gold, Silrer and Negotiable Securities.

Grant

COMMERCIAL CREDITS

for use against

CoxulgnmentB of Merchandiee.

BANKERS AKp DEALERS IK
COLLECTIONS MADE THROVOEOU'l THE

Municipal Bonds.

SI ATE

Execute Orders on the London Stock Exchaage.

Make

Collections on

all

Receive Bepoeiv

Points.

and Current Accounts on favorable terms, and do

BtnrS

&

Brewster, Basset

Co.,

BANKERS,

PRINCIPAL CITIES OF THE UNITED
STATES AND EUROPE.

&

Adams

Leonard,

STREKT,

No. 35 <?ONGRESS

Boston,

AND SELLS EXCHANGK ON ALL THE

B A H.K E B

Klanii.

Dealers In Stocks, Bonds, Gold and

Cominerda)

I>AI.I.A,S,

KING, BAILLIB & CO., Liverpool.
NEW YORK CORRESPONDENTS.
ITKessrs. W^AKD, CAinPBELL &; CO*
WALSTON

S

H.

BHOWM.

Aaetlon8,and

Board

WalstonH. Brown &Bro.

TEXAS.

Kew York Corresnondent

BANKERS,
New

Chas. A. Sweet

Western Bankers.
THE

huDtl,

&c

Co., Anglo-Californian

DEALERS IN GOVERNMENT
State, City,

County and

Parker
BAM&EBS,

78

Bay and

liallroad

&

SECU.^ITIES, Gold,
Bonds.

Stackpole,

DEVONSHIRE STREET
BOSTON,
Weetern City

Sell

Wilson, Colston

&

Transact a general Banking buolness. Issue Com
merclal Credits and Bills of Exchange, available In all
parts of the world. Collections and orders for Bonds
Stocks, etc.. executed upon the most favorable terms

and

(

„.„.„.„

Capital, ruUjr paid In coin, $10,000,000
a

information
ft

-....-.-

President.
J. C. FLOOD, Vice-President.
C. T. CHRISTBNSEN, Cashier.

far.

ro.

CORRBSPOXDENTS:

Bell

LONDON
NEW YOKE

Austin,

J.
STOCK BROKER,
303 WALKUT PLACE (316 WALNUT

ST.),

PHILADELPHIA.

urders in blocks and I'onds pruniptly executed at
be Fhltadelpblaand Navt lurk BOLtrds,

First

Pres't.

A. K.

National
MriLMINUTON,

CoUeaioDB made on

all

Wiki^Kxit, Casliier.

Bank,
N. C.

iMutB ol tbe United States

Smith, Patnk ft Smiths.
Tni Ba»k op Nbw Yobk, N. B. A

The Bank of New York, N. B. A., Is prepared to Issue
Telegraphic Transfers, Letters of Credit and Drafts
on The Nevada Bank of San Francisco.
c.-rrPkHZKi,
President.

Southern Bankers.
B. B. BQHRuee,

A Specialty.
Laans Neeotiated.

NEW YORK,
IM Pearl

(

state"bank,

(Incorporated

>

IsiS. j

c. t. waiSxb
Cashier,

German Bank,
lilTTLE ROCK,
CAPITAL

(Paid-im)

BOSTON,
TO Stave Street

Street.

ARK.
$75,000.

Surplus
25,000.
Prompt attention given to all business In our line.
N. Y. Cobbxspohsxht, Donaell. Lavaon ft Co.

&

GOSSLER

Co.,

OOKRJtSPONDEKTB OT

Bank or

itamburic and

London, (Limited.)
HOUSE IN KUROPK,

#niIN

BERENBKBG, OOSSLER * CO

2,500,000

LOUIS MoLANB,

Dished.

H. i . CoBBK8P0in>KNT8—McKlm Brothers

Bouebt and Sold on Commission.
AND RAILROAD BECCKITlIiS

SAN FRANCISCO, CAL.
Reserve,

Co.,

VIRGINIA STATE

International

OF SAN FRANCISCO,

peclalty.
solicited

FKKD'K F. LOW,
LILTBNTHAL O.hlnr.

&

BANKJBRS AND BROKERS,
66 BroadtTay, Neiv York.
SODTUERN AND MISCKLLaNKODS SBCDKITIES

The Nevada Bank

Co.,

BANKERS AND niiOKERS,
BAI4TIIC.OKE.
INVESTMENT and VIRGINIA BECETRITIES
Correspondence

J. & W. Selu^man & Co.
Authorized Capital, - - $6,000,000.
Paid-up and Reserve, - 1,65 0,000.

P. N.

Baltimora Bankers.

&.

R. A. Lancaster
St.

NEW YORK Agents,

and

County Bonds.
Fhila.

RAILROAD SECURITIES.

Bank

LONDON, Head Office, 3 Angel Court.
SAN FRANCISCO Office. 422 California

STATE STREET, BOSTON.

York.

SPECIAL ATTENTION GIVEN TO THE NEGOTIA
TION OF

(LIMITED),

BANKERS,

40

-Mpodr ft Jemlson.

34 Pine Street,

FrlTS'te Bale.

Investment Secnrtties constantlrnn

FRED. A. BROWir.

,

paper.

Orders executed on Commission at Brokers

ft

General London and Foreign Banking Business.

HAMBURG.
J. B.

HJLAB.

J.

UENQSTLXB.

C. F.

KCXHNUCTTKDT

Haar & Co.,
BANKERS AND BROKERS,
45 WALL STREET.
DEALERS IN SPECIE AND tTNlTED STATES

SECURITIES. Buy and

sell

for cash or on margin.
orders for Investments.

ORDERS

Stocks, Bonds, and Gold
to

S,>iClal attention paid

KXuriRD AT THE

PHILADELPUIA

AND BOSTON STOCK EXCHANGES

H. L. Grant,
No. 145

BROADTTAT,

NEW YORK.

CITY RAILROAD STOCKS & BONDS
BOUGHT AND SOLD.
See quotations «f City Railroads In UiU paper

February

CHRONIOLf?

IflB

16, 1878.J

Financial.

M. K.Jesup, Paton &Co.
No. 62 William Street,

Account!

anil

J.

&

J.

Stuart

&

Co.,

Co.,'

New York.

ISO Pearl Street,
AeaiTTs roa

of London.

Agenctea of Banka, Bankers and Mor'

Canute Flnna received upon farorable teFms.

tub

EXCHANGE ON
LONDON AND HANSEATIC BANK
rLmrraoi.— LONUO>i.
SiniTII, PAYNE Ic SMITH'S,
BANKKKS, LONDON
niANCHESTER »c COUNTY BANK,
Gwynne
Day,
;

&

"LIMITED":

JOHN STUART dc CO., Bankers,
MANCHESTER, PAYABLE IN LONDON;
ULSTER BANKING COMPANY,

Honda, Stocka, Conunorclal Papar, aolil,*c:,boagtit

and told on Commlaalon.
Act aa agent* (or Corporatlona In paying Intereat

Coapona and Olrldenda, and alao aa Tranafer Agenta.
DlTldcnda, Coapona and InMreat collected and

BELFAST, IRELAND;
AND ON TUB

NATIONAL BANK OF SCOTLAND.

no. 16 l¥all Street.

[Efltabll«hed 18M.]

Transact a general baaklag and brokerase baalneM
Id KaJlway sbarei and bonds, Oorernoient SecaiiCica
and Gold.
Interest allowed on (!eposlt8.
InTettmeDta carefully attended to.

ALSO,

remitted.

CABLE TRANSFERS AND LETTERS OF CREDIT

Knoblauch

&

St., cor.

65 Pine Street,

all principal cities of

On LAZARD FRERES &

CO.,

PARIS,

Europe.

SPECIAL PAKTNEIt.
Rerlln.

And on

DEUTSCHE RANK.

PRINCIPAL CITIES IN EUROPK.

the

Tranafera of
Franclaco.

Money by Telegraph to

and San

Parla

Circular Notea and Letters of Crvdtt through Meaars.
CO., at PARIS, payable la any
part of Europe.

LAZARD FUEKES*

Adolph Bcissevain & Co.

CA^ Co.
BANKERS,

BANKERS

OF WALL STRKBT AND BROADWAY
New York.

porchase and aale of STOCKS,

BONDS

GOLD

and

COMiniSSION MERCHANTS,
AMRTEKDAM, HOLLAND

A^M. KisDss.

C.

STOCKS

&

A, H. Brown

W. Tkass

Bankers and brokers,
7 W^all St., Cor. New, New York.

BONDS

and

and aUo all the locomotives, engines, tenders,
macninery, maiiufactured or
unmanufactured materials, coal, wood and suppllea
of every kind belonging or sppertalnlr g to the oald
company; and all tolls. Income. 1 sues and profits
fcrislng out of said properry, and all rights to receive
or recover the same; also all the ebUie, right, title
and Interest, terms and remainder of terms, fraachlges, privileges and rights of action of whatsoever
name or nature, in law or in equity, conveyed or assigned unto Bhe New York Sa Erie
a 1 road Company,
or unto the Erie It-iway Company, by the Union
i;ailroad Company, by t'le BuITiilo Newport dc Erie
Itallroad Company, by the Buffalo Bradford ft llttsburg Railroad Company, by the ochester A Genei-eeValley Railroad Company an by the Long Doclc
Company also all and singular the chosen in. action
stocks,
bonds, book accounts,
bills
receivable
and other evidences of Indebtedness, leasehold estate's, contract'4
and other property in the said
judgment mentioned.
Given under my han at the City of New York, this
pany

BLAKE BROS, ft CO.

Sale.

W JloLciXAN, Jr.

;

as the Buffalo Branch of the Erie I'.HlIway, extending
from Uorncllsvlllo to Attica. In the SlAte of New
York and also all other railways beloDKlng to the
company In the States of New York, Pennsylvania and
New Jersey, or any or them, toger her wUh all the lands,
tracks, lines, ralU. brldifi>'<, ways, bull'ilngs, piers,
wharvc.<», structures, erecilous. lences, walic, flxtures,
franchises, privileges and rights of the said com;

cars, carriages, tools,

N. Y. Correapondenta.—Mesara.

for cash or on a margin.

InTestment SeearlUes For
p. O. BOX 2,80.

gaeed, or IntendPd so to be. to the plaintiff, tho
Farmers' Loan & Tru-t Company, by a mortgage bearing date on the fo rth day of February, A.l). 1374, do
hereby give notice that on the twcniy-Afih day of
March, In the year \€l-i, at 12 o'clock noon, at th«
Merchants* Exchinge Salesroom. No III Broadway,
In the City of New York, by Bernard Smyth, Auctioneer, I shall proceed tu se,l and ^haIl sell at public
auction, to the highest bidder, for cash the foIlowlDK
described property: aH and singular the railways of
the said company, from an-t Including Plermonton Uie
Hud-onblver to and IncItiUlngthe flnal terminus of
the said railway on Lake Erie, and tlie railwav known
as thf Newbur^ Branch, from Newburg to the main
Un<' and also all that part of the railway deetlgnaled

;

AK1>

Tianaact a General Banking Buslneas, Inclndlsg

OTUkIJS, defcudaritfl.— By virtue of and pursuant to a Ju<tgment and decree of foreclosure and
sale, rendered aud entered at a Special Term of the
said SnprtMiic Court In the above-entitled acllun, OD
Uie seventh day of Novcnib«r, A, I). 1HT(. I, Ueorge
Ticknur Curtis, Heferee, appointed tnereln to sell all
and BlnKUlaa>dhe mortwaged premises, franchises
and property, buth reil. perri^nal and mixed, mentioned In the complaint in this ac'lon and mentioned la
the said Judg'nent and decree, beln>r the same mortjiNi»

LONDON,
Credit

1.<)\N ft T.;UST COMPANT,
THK EUIE RAILWAY COMPANY

KAHMKlt^'

plaintiff, agalntit

Bxchance Place, ORA^ SIGHT A TIME BILLS on tho UNION BANK

NEW VORK.
Make Telegraphic Money Tranaf era.
Draw BlUa or Exchange and laaue Lettera ot

RAILW^AV.-FORECLOSURE
ERIE
8ALE.— bunreme Coart of the State of New Vork.

~THK

Lazard Freres,

Lichtenstein,

BANKERS,
g9 Wtillam

COR.

&

G. Amsinck

NASSAU STREET.

33

BILLS OF

NEW YOUK.
DnwEichange oa Cnion Bank

Financial.

Financial.

Co.,

INVESTMENT SECURITIES.
Special attention to business of coiuitry banka.

i

I

At Auction.

Grant

hold REGULAR
8ALEB of all claaaca of

The

AUCTION

asderelgned

STOCKS AND BONDS,
OH

WEDNESDAYS AND SATURDAYS.

ADRIAN

PINK STREET,

No. 7

NKW

WALL STREET.

TRANSACT A GENERAL BANKING Bll BINES
STOCKS BOUGHT AND SOLD ON COMMISSION
INTEREST ALLOWED ON DEPOSITS.
SUTDAW OSANT.

G. St.

JOBV SBKFIKIA.

SON,

&.

N. T.

YORK.

Albert E. Hachfield,
18 WALL STREET, NEWT YORK,

Stocks,

FOREIGN EXCHANGE AND GOLD,
63 Wall Street, New York.

I

K

(P. O.

<

I'ttciflc [tailroa
Honda.
Wisconsin Itallroal Bon<*s.
All bonds guaranteed by Erie Railroad.
sv

.

.^ ,(t

;

S.

.

6&

Bai ley,

W.

;

Geo. H. Prentiss,

A. Evans

SPECIALTY.

oklf m Secarltlea BooKht and Sold

&

2 noon of that day, at the Wlckham Ave
1818, at
nue Depot of said railroad company. In Mlddletown,
In the County of Orange, and State of New York,
has been furtner adjourned to FRIDAY, the tSTH
DAY OF MAhCH, A. D. IH.t), at the same Umo and

place.

New

York. January

lxxakdkb

J.

Co.,

yORK.

11, 18^8.

KKNNKTU

U.

WHITE, UMt«r.

Gkkkx,
Complalnanu' Sotlcltoni,
ft

New

Broadway.

York.

Alden Gaylord,
83 IVall

St.,

New York^

DBALKR IN

ST.

COUNTY BONDS'

LOUIS CITY
AND ALL

dc
(n,AS8Ka

OF

INVB8TMBNT & M1SCK1.LASE0U8
Uefers by pemilsslon to

SKCtJT-.ITlBS

W. S. Nlchola A

Co..

BanJur.

All active Stocks dealt In on ona per cent margin.

CommlssloB

1-16

of one per cent on 10 aharea and

upwards.

AT THE NEW STOCK EXCHANGE OF

John Hickling,
62 Broadway and 21 Neir
I

buy and

sell

St.,

N. Y.,

stocks from tho Indicator on

cent margin.

»25 Mari:in, 25 Shares.
$60 Marxio, &u Shares.
$100 MariiUi, 100 Bbans.

and

Notice is hereby given thattht. sale of the property
of the defendant, ' the New York & Oswego Mialana
Railroad Company, '* heretofore advertised to lake
place on Friday, the llth day of January, A. D.

OAMKBON.

IN STOCKS,
38 Broad Street and 34 New Street,

BROAD STRSET.

GAS STOCKS
A

Itt

l2o

JA8.

NEW

Caah paid at once for the above Secnrltles or u>e>
will l>e sold on commlsalon. at seller's option.

30

Com

DEALERS

A SPECIALTY.

23.

STATES CIRCUIT COURT^
UNITED
SOUTHERN DISTRICT OF NEW YORK.—

Dated

2,S«.)

KTAN8.

W.

WTALL STREET.

Insurance Stocks,

A.

York.

GEOKGE TICKNOR CUKTiS,

merclal klUi.

Dealings In

Room

IN

Special attention paid to the aegettatlon ot

DHt

E

BOX

New

others, Defendants.

Au. Descriptions.
Miorn Railroad Bonds, all kinds.
L<>K><Hn(irt<& Burlington Bonda.

street.

The sale of the above-described poperty hereto*
fore advertised to take place on the twenty-flr^t day
of Jauuary. 18TS, at. U o'clock noi>n, at the Merchants*
Exchange Saiesroom, No. Ill Broa wi*y, in tlie City of
New VcTk, wat th^-n and th*^re adjourned to tlie
twentv -fifth d y of -March, 13-3. at the same hour and

OSWEGO MIDLAND RAILROAD COMPANY,

Hilmers,McGowan& Co

'-'

Nassau

'ix)

CUUTI''', Referee.

Attorneys,

NEW

Flr*t>Claaa Investment Securities,
ClTr BONDS OF ALL KINDS,
lUuaOAD BOITDa AKD SOVTnxRN BlOOEITIU OT

WANTED.

i'lalutlff's

Equity— Betwen JOHiN G. STEVENS and others*
YORK *
Trustees, Complainants, «talnst the

WAX' STREKT.
BROKERS

I). 1873.

GEOKGE TICKNOU
Turner, Leb & McClcre,

Referee.

GAS STOCKS,

\X

i

twenty-Arst day of January, A.

place.

Beers, Jr.,

Brooklyn

DIALa IN

i

Company,

BANKERS AND BROKERS,

No. 33

K.

MVLLER

n.

&

;

1

per

JOSEPH GILLOTT'S

STEEL PENS.

ScU fy aa lUaUri tlWcifhetU tkt WtrU,

.

THE

VI

Russell & Co.,
OM MISSION JUEROHANTS

J.

AND SHIP AGENTS,
Boston Agency,

MQBRAT

Clilna.

Represented hy

1

FOKUES.

S.

/

W. PO.MEROY

CaHTR.\L STBEHT.

'iO

Jr.,
St.,

Water

105

N

T.

Hong Kcng &

Shanghai
Banking Corporation,
Hong

Read

Office,
Kong.
Boston Agency.
J Eeprosentedby

r.

MURRAY FORBES,
ClxTRiL Street.

SO

POMEKOT

S. TV.

}

Water

105

)

Co..

41 CEDAR, COR. WILLIAM
Nenr "Fork.

,

I.

&

Kennedy

S.

.

Insurance.

Buy and sell Railroad Investjuent Securities. ColCoupons and Dividends. Negotiate Loans and
draw Bills of Exchange on London.
Agents for the sale of STEEL KAILS made by the

Cambria Iron Company,
JOHNSTOWN, PENN.,
AND THE

PlTTSnUHGB,

Y.

COMMISSION MERCHANT,

14 Exchange Place,

BOSTON.

Post Office Box

2,6S4.

PENlf.

O L Y PH A NT &

Co.,

COMMISSION MERCHANTS,

Hong Kong,

Sliaugliai, Foorliow
Canton, Clilna.

A-

KEPBEt'ENTED BT

OtYPHANT &

Co., or Clilna,

104 Wall

St.,

New

Smith's Umbrellas.
any

,

.

size

$]

patented

SILK, paragon

2

franie

00
00

2 SO

Fine Silk Umbrellas in great variety.
Umbrellas and Parasols to order & repaired.
1203 Broadway, corner SHh street.
104 Broadway, near Wall street.
77 Fulton Street, near Geld.

WHOLESALE

¥orb.

405 Broadivay,

New

York,

18th January, 1878.

December,

of

near Canal

1876

&

Co..

Total Premiums

O ]« L. \
Direct Line to France,

or

SODA.
New

No. 11 Old Slip,

$950,995 61

Earned preminms of the year

$8J0,a58 55

Losses and expenses

68H,539 81

He-insurance and return premium?

182, !73 08

ASSETS,
December,

3IsT

1877.

Oosh in Banks

$254,729 43

United States Stock

478,313 75

Stocks of Corporations

106,038 58

NTS KO
Cliicopee .Tlfg
Woolcu Co.,
l:

Co.,

I*lillN,

etiirlliiston

Ellerton New mill*,
Atlantic Co ton IHllIs,
Saratoga Victory Mis Co.,
A.N'D

A

Slil»t« nn«f Drawers
From Various Mills.

NEW YORK.
45

J

nOSTO.N'.

"White Strrit.

15CaArKC-r St
PHILADRLPIIIA,
£») CURSTNIT STREET.

W. DAYTON,

Brinckerhoff, Turner

&

YORK AND HAVRK.

NKT/

Calling at Plymouth for the landing of Passengers.
TUespleDdld vessels on tills favorite route, for the
Contlnenft—cablus provldecl with electric bells—will
sail from Pier No. 50 North illver. foot of Morton at,,
as follows
r-.-.^Wed.. Feb. 20, 8 A. M.
AMERIQUE, Dclord
LABRADOH. Sangller
Wed.. March «. 7 A. M.
Wed- Marcli 20, 6:90 A.M.
FKANCE, Tiutlelle
PKICE or i'ASBAGE IN GOLD (Including winej:
To Havre—First cabin, |iOO; second cabin, $ 6; t.^Ird
cabin, 135 ; steerage, |2ti— Including wine, bedding and
nteneilB.

To Plymouth, London or any railway

EugUnd— First cabin,
;

LOUIS BEBERIAN,

Co.,

OTTO^

kinds of

CANVAl,, FELTING DUCK,

CAR COYKB

ma, BAGGING, KAVKNSDUCK, SAIL TWINES
*C. " ONTARIO" SEAMLESS BAGS,
' AWNIKG STRIPES."
Also, A^entB

United States Bunting Oomrany.

A tall snpply all widths and colors always la stock.
No. 109 Duane Street.

George A. Clark

&

Bro.

BI-MONTHLY SKUVICK TO JAMAICA, HAYTl
(;oLOM BIA and ASPIN WALL, and to PANAMA and
SOUTH PAUll'lC POSTS (via AeplBwalJ.)
Flist-clAsa, full-powered. Iron screw steamers, from
Pier Kn.'.x. North River.
For naytl, Colombia, Isthmus of Panama and South
Pacillc Porta ( " a-'-iuwhj;,

ANDES

Feb.

ForHaytl
r«rKIngEton (Jam.)

Jc

IS

I

ALPS
CL \KIBEL.'ahout

PIM,

Secretary.

TRUSTEES:

Carl Victor,

Arthur B. Graves,
Alex. M. Lawrence,

FOEWOUD &

<•'.,

AKCnU,

miLtPARD'S HELIX NEEDLES.
400 BROADWAY, NEW TORK.

S3,

ISLAND.

North Klver, fo«

Ucrcafter the STK.l,VBOAT EXPRESS TRAIN WILL
LKAVE SI ON'INUTON AT 4S0 A. M.
State-rooms an<l tickets secured atG63 Broadway and

Company In New
tickets for sale at all

at all oalces or \\e-(cott E.\pn'8f!

York City and Urooklyn. Also
hotel ticket-olilces.

W. ROSENFELS,

EXPORT COMMISSIO.\ MERCHANT
Prodnce, ProTisions and NaTftl Store?,

BROAD STREET
NLTT YORK.

PROVIDENCE

LINE.

FREIGHT ONLY FOB
ProvIdcnc<>, TCorcester, Nasliua and
all Points North.
steamers leave.

A'OO ¥•
<».ww
M .

I'lor 29 North
jjj v(„rr|.n street.)

Iially
Itf
j?«.

from

Hugh

River

F. Davison,

R. Lyman,
Anchincloss,

William Pohlmann,
Coustantin Menelas,

W. F. Gary, Jr.,
Ramsay Crooks,

John Welsh, Jr.,
Theodore Fachiri,

C. L. F. Rose,

William S. Wilson,
Gustav Schwab,
L. M. Calvocoressi.

P. Consincry,

EUGENE DUTILII, President.
ALFRED OGDEN, Vice-President.
CHARLES IRVING,

ANTON METZ,

North

Secretary.

Assistant Secretary.

and Mer-

British

cantile Ins. Co.,
OF

AND EDINBURGH.

Incortorated

1809.

ra

UNITED STATES BBANCH;

EAST.

RHODE

Daily from Pier
of Jav Street.

11.

Walter Watson,

L,OXD03i

Stonington Line
FOR BOSTON,

•

E.

Henry E. Sprague,
Theodore J. Ralli,

John D. Dix,

THE OLD RELIABLE

HI

Edward

H. L. Charles Renanld,
Frederick G. Foster,
Charles Munzincer,
Ernesto G. Pabbri,

xo. 58 Wall treet.

it*:tO
I* •
•

ZiSa.

.54

the Board,

George Mosle,
Henry De B. Ronth,
Henry R. Kuhnhardt,
Lawrence Welle,
Alexander Hamilton,
Carl L. Recknagcl4||

Feb. 28
Feb. 16

bupefl.jr ur&i-ui0Sbpit»Beu)«er accoinmyaHi.Kn.

STONING'TON and

29

$1,561,951

CHARLE3 IRVING,

ET.>1a, Kcb.21

Haytl

Not a Trip Mi>sed in 7 Coi:6ccutivc Years.
THE ELEG.\NT STEAMEI.'S

V. O. Bex

19,876 46

George H. Morgan,

Atlas Mail Line.

AMD ALL POINTS

8.

By order of

A^eut, 55 Rroadn^ay.

COTTONSAILDUCK
Rll

station In

$110 to $100, accor^llng to accomsecond cabin, $'^5; third cabin, $35, steer
age, $27, includlns everything as above.
lleturn tickets at very reduced rates, avallabl
ihrough England and France, bteainers marked thu
• do not carry steerage passengers.
For passage and freight apply to

modation

Uacufacturers and Dealers la

And

453,807 74

Total amount of Assets

Mail 8teamships9

E.R.Mudge,Sawyer&C o

Hosiery.

Receivable

and Uncollected Premiums

The General Trang-Atlantic Conipany'>
BBTWEEX

AfJ K

249,455 53

Subscripiion Ilotes, Bills

York.

The joooiDR Trade ONLY Supplied

Vrashlnstoii

755,078 89

Unsettled Accounts

Steams*^ ips

svper-carbokat£

its

$;95,916 78

Net Preminms received dnring the year
ending Slst December, 1877

street.

EstablishecfA.D.1802

M.4NUFACTURBRS OF

1S77, is

Charter

Real Estate

John Dwight

Co.

of the affairs of this

Preminms unearned 3l8t Dec,

I"allroada undertaken.

GINGHAM
GPANAOO

Insurance

pnblished in conformity with Ihe provisions of

All business relating to the Construction and Equip-

ment of

Mutual

The following Statement
Company on the 3l8t day

Edgar Thompson Steel Co. (Limited),

C^arles E. Parker,

ORIENT

ST.,

lect

Jr.,
St.. N.

OFFICE OF THE

BANKERS AND MERCHANTS,

Sons Kong, Canton, Anioy Foochoir,
SUaughai and Hankoiv,

Vol XXVI.

Commercial Cards.

Commercial Cards.
C

C^FllOiVICLE

(f 00

Freight taken via either line at lowest rates.
D. 8. BABUOCK, President.
L. W. FILKINS, General Parstengcr Agent.

54 William

St.,

Cor. Pine,

ESTAELISHKD DECEMBER,
Called

inai.dpaidnp Capital....

Reserve for all other liabilities,
clndinRrc-lnsnrauco
Net Fire Surplus and Reserve.

New

York.

1866.
$1,.363,636

36

in-

8,517,988 04
.

4,618,6J0 TO

.

Invested and Ca8hFireAst-et6.$8, 500,185
Subscribed C.ipital, for which the
Stockholders arc personally lia$9,545,054
ble, not yet c ;}led in

Reserve for total I.iabilliies, lucludincrc-ineurance,intheU,S.
Ket eurjiliis in the United States.
Fire Assets held in the U.S...

10

04

$780,518 04
3£6,753 49

§1,767,876 53

Incltulo the Life snd Anntilt/
by act of Parllaiiicnl. iire In a distinct

The above does not

Funds, which,
and separate department, for w hich the surplus and
reserve of the rlre Inaui-ance Department, named
above, are not liable.

CHAS,

E.

WHITE,

SAM.

Mahaqeiis.

P.

BLADG-SN.

Pebruaby

THE (nUlONICLk

10, 1878. J

Tll

lasuranoe.

Insarance.

lOotton.

Robb &

Peet,

BANKERS AND COMMISSION MERCnANTS

OFFICE OF THS

WALL KTREET*

No. 58

ATLANTIC

Renr Vork.
Advances made on Consignments. Bpecia altenlloi'
paid to purchases or sales of " Cotton Fnt<ir«.

ISsii^F.S.WINSTON, PRESIDENT .of
"tS E\/CaY APPHOVED DESCRIPTION "

Co.

Mutual Insurance

LIFE XnB ENDOWMENT POLICIES

OKTERMS AS FAVORASUASTHOSC OFANV OTHERCO.

Nkw

York, Jannary

Trottcee, in conformity

affairs

)

"lASHASSETS
S8, 1878.

E8TABI.ISHED

Risles

amount of Marine Preminms.

(6,751,023 44

have been isaucd upon Life
No
R!»lc9, nor upon Fire diBConnected
vlth Marine Ri^lis.
Premiums marlted off from Ist Jann$4,9Ca,831 08
ary, 1877, to SiBt December, 1877. .
Losses raid duilng the
Policies

.

same period

:

1,183,230 00

wise

Beal Estate and claims doe the Company, estimated at
Preminm Notes and Bills Receivable.
Cash in Bank

amount of Assets

Total

617,436 01

H.

Charles Dennis,

W.

Lewis

Charles n. Russell,
I.ane,

Daniel 8. Miller,
Joelah O. Ijow,

Bojal Phe1pf>,
C. A. Band,
William n. Webb,
Francis Skitldy,

Adolph Lcmoyne,
Charles

II.

Marshall,

Robert L. Stuart,
Frederick Channcey,
Horace Gray,

John

Elliott,

William

Thomu

H

Fogg,
B, Coddington,

Ciirtis,

James Low,
Gordon W. Burnhim,

Unapproached by any other PeriodicalZ^
world of the most vHlu;il>le Literary und Sclenmstter ot the day, fron: the prnRof the EAUlNG

Corlles,

frcshuess.

owing

to its
weekly Issue, and with a HatUfactorp complttenei^a
attempted by no other pubUcaUoOt the best KB8ay>>,
Keviews. CriticiBms. Ta'ep. Sketches of Travel and
Discovery. I'oetry. ScIeBtltic. Biographical, UlBtoncal
and Political Information, from the entire body of
Foreign FerlodicfU Litercture, atd from the pens
of the
witli

I4IVING IVRITEKS.

Inquirer."
" The choicest literature of the day."—New

York

"Trlhuii*-."

"A

pure and perpetual retervotr and fountain of
entertainment ajul *n«ir«ctioH."— Hon. Kouert u WIl-

aas: icllft (heptoare s of thought
in allitavhuHfS "—I'lilln .c hl^i "North Auieriraii.'*
" tf" «A » alone a reader ir.'ty fairtt/ keep up tcith all
that is fmport'tnt ifi the Uttrature, history politics
and xcience of the dai/,*'—'''i'iii Methodist," Sew Yotk
" Ought to Hnd a place ill e eery American Bome."-~
,

Geo. Copeland,
COTTON BROKER,
136

New York "Time-.'
fi'BbTB' Ki' w KSKLT at $8

00 8 ye»r, free of postagsi
Tub l.ivr.\« AOBHBde«Aer on« oi the
%\ niouihlUs (or Butper'* Weekly or Baear)
be sent for a year, both postpaid i or, for f 9 5(1,

American

win
UK L.IV1NU A«^x auU

'1

j^tcAoiae or Appleton*s

iiio 6t,

Journal.

Horace K. Thtt4)er.

theslxnniiibe stf I~
of a new fcerlst, "
m«n of Frau vo*! 1
x.y
of the hi (>t itnd

To

t-li

new

auhfrjll

1878. .^£1

S.8 wilibescni ffratis
kMheflrBilusftliiientfl

fv-

rlatLd iioirt itacGei-

.

U. n. MOORE, 2d Vice-President.
A. A. RAVEN, 3d Vlcc-Prosldent,

-^

..

PEARL STREET, NEAV YORK.

&

H. Tileston

Waldron
(EncceSEOrsto

&

Co.,

Tainter,

NOURSE

work of udo
of O^maiiy.
tiiy.
nrw \trf\ by t.h'j rlKirfimiK K glish kuthurei , MIS.^
tbo ftame
_
THA' KEtiAY, also a pears
t
buiitbiirs,
from aavaiicc khe<.ip, wlih uthcr valntble matter.
I

he

i>cfet

ri*

i,

'

m

r

AUdran

lilXTELL

Sc

GAY, Boston.

A

BROOKS),

ft

GENERAL COTTON MERCHANTS
07 PEARL STREET, NEW YORK.
Future orders promptly executed.

E. O. Richards,
(Successor to A. L.

RICHARDS)

Shlpplns and ComnUsaloii merchant
No. 9» BROAD STREET, NEW TORK.

&

D. W. Lamkin

Co.,

Cotton Factors,

VICKSBVRG,

miss.

Orders to purchase Cotton In our market stilclted
Refer to Messrs. NOUTON, SLAUOHTER * CO.
New York.

or lortlOflO

^^ EXTRA OFFER FOR

D.

W.

BEATER STREET, NEtT YORK

Ordprn In Futures executed at N. Y. Cotton Exchange

William Bryce,
Peter V. King,

JONES, President.
CHARLES DENNIS, Vice-President.

J.

& Krohn

maffaxitie giving

THREE AND A QUARTER THOUSAND

means *f keepiiift ub

Edmund W.

T*NN.

more than

John D. Hewlett,

Charles D. Lererich,

Co.,

every department

ESSAYISTS, SClENTlSrS. CKITICH, DISCOVKK-

throp.
" The best periodical in America.**— ThQO L. Cuyler
D. D.
•Mnd the cheapest. A motithlp that conies everff
«?«*,"—*• The Advanoe," TMc-tgu.
'\taffitrdi thebtft, the rf'i'f/ifntand most conrenien

Robert B. lillnlurn,
George W. I<anc,
James O. DeForest,

&

COTTON BUYERS & CO-MMISSION MERCHANTS
60 Stone Street, Neiv York.

I

William Sturgis,
William E. DoJge,
Thomas F. Youngs,
Charles P. Burdctt,
Alexaiider V. Blake,

York.

COTTON BKOKERS,

" In it ice find the heat producttons of the htsl u riters
upo7i all butijectn. ready to our Aonti.'*— I'hiludelpiiia

S. D. Jones,

Datid

Walter

LKADING FOREIGN NOVBLISTS,

sua AND EUITOKS. repreaeiiting
01 Knowledge aod i'rogresB.
Tqk LLVfXfi Atis 16 H weeJcly

¥ork«

New

C. Johnson

and an amount

••

H. H. Moore,

No. 134 Pearl Street,

ItlEnPJBIN.

Thk LiviNto Agh enters upon Its 136fh
the y-'arlt will furoish to it» rearrthe proiluctlons of the (oiemost authors above
nameo, mid many others : embracing the cbolcest
facrlal ana Siiort srorivs by

ABLEST

TRUSTEES:

New

Hopkins, Dwight&Co.,

J.

double-columu octavo pagt-s of reading mutter yearly
It presents In an Inexpenalve form, consKiL'niig its

Secretary.

Street,

COTTON FACTORS 4 COMMISSION MERCHANTS

'Sew York.

unouut of matter,

CHAPnAN,

117 Pearl

er;*

Itfic

Co.,

COTTON BROKERS,

EXCUANGB PLACE,

1,396.

&

Dennis Perkins

J-^n. 1, 1873,
Durirp
volaiTii'.

next.

J.

Box

New Tork.

COTTON BDTKKS FOB MANXJFACTtrRKRSf

to the

order of the Board,

No. 43 Rroad Street,

THEIR BRANCHES.
the oldest and best publication of

S3

A

May

i«

Littell's Living Age.

and redemption

A .'

I.

COTTON FACTOliS & COMMISSION MKKCHANT8

18

Dlviaend or Forty per Cent, is de
dsred oa the net earned premiums of the Company
for the year ending 31st December, 1817, foi which
cartificites will be i^sncd on and after Tuesday, the
By

ORLEANS,

DEVOTMD TO THE TKCBNOLOOY OF
TEXTILE ARTS AND DTEINO IN

P. O.

Will bo in gold.

Ttb of

Itr

THE INDIISTRIAI. RECORD CO.,

issued for gold pre-

interest

NE

Address

the outstanding

The outstanding ccrtlflcatcs of the issue of 1874
'.viil be redeemed and paid to the holders thereof,
sr their legal representatives, on and after Tuesd«y, the 6th of February next, from which date all
iatcrest ihcrcon will cease. The certiBcatus to be
pndnce'l at the time of payment and canceled
miums, ihe payment of

COTTON BDYEK AND COMMI.SSION MERCHANT

Record.

:

255,364 02

certifica'.cs of profits will be paid to the holders
ther^f, or ihetr legal representatives, on and after
Tuesday, the 5th of February next.

Upon ccrtlflcatcs which were

Review

The terms of Subscription are as follows
REconn
$1 .VI per annum.
"
SCPPLRKBNT
3 50
...
"
Both Publications
5 00

1,764,393 63

$1 9,366,351 66

Six per cent. Interest on

L. F. Berje,

its class in the English language, and has a most
extended circulation among woolen, cot'on and
silk mannfnctnrers and operatives in the United
States and Canada and in Europe.
.
The &UPPI.BMENT, also published minthly, con
tains designs and weaving directions for sll woolen
fabrics, ginghams, and prints from Ihe cewest
foreig;n samples, and of ori»;inaI conception. Also
samples of ard recipes for t taudard new and novel
effects in dyes and colors. It is indispensable to
weavers, designers and dyers.

the following Assets, viz
United States and State of New Yorlc
Steele, City, Bank and other stocks. $10,565,938 00
Loans, secured by Stocks and otherlias

YORK.

Robt. L. MaitlandSc Co.,

ALL

$2,56.5,690 27

NEW

A ItlONTHLY JOlTRNAIi,

The Record

.

Keturns of Fremiura» and
EipenB«B...t947,S23 86

The Company

WILLIA.M 8TUEET,

Futare Contracts for Cotton bought and sold on
In New York and Liverpool.

CpmmlBSlon

1868.

Manufacturers'

& Industrial

±. 1. KaCAtTLAT.

Macaulay & Co.,
COmiTf ISSION lUERCHANTS,

THE

from I8t Jannary, 1877. to Slet De84,710,663 83
cember, 1577
I^rcmiama on Toliciea not marlicd off
2,040.363 61
l»t Jannary, 1377
Total

MAOAtr^T.

J. L.

22

Publications.

Its

on the 3lat Decemher, 1877

Premiums rcCTived on Marino

MR $80,000,000.

Bin

'

CITY BANK, LONDON, and

HOTTIJJGUER * CO, PARIS.

lUc Charter of the

The
Company, iubmlt th« following Statement of
t

or Exchange on the

H.

J.

Baker

815 PEARL STREET,
IMPORTERS AND
Prime Qnallty

&

Bro.,

NEW YORK

M.VNOKACTORE'.tS
Cliemicatl

O*"

IHaanre

Chemicals for the Vllle formulas, for all Crops
Chemicals for the Slocklirlilgo formulaa.
DUsulvcil Hone—SulpUaUj Aiuinaala, Nitrate Polaail
Nltrntc Soda. Hulpbata of Potash, Muriate of Potaall
to per cent actual fotash. buper-phos)>liate Umn
AUo, strictly pure ground Bone.
our descriptive circulars mailed free. The mMerl*
(«r special terttUsen (or parUcoUr crop*.

THE CHRONICLR

Tin

Cotton.

Cotton.

&

Henry Hentz

Co.,

Woodward &

QENBRAL
Sc

176 Pearl

New

St.,

JAmRS FINLAY &

CO.,

AND GLASGOW.

LIVKKPOOL, LONDON

FIN LAY, KIUIR & CO.,

CALCDTTA AND BOMBAY.
FDTUBB CONTRACTS FOR COTTON bought
sold on commission In

E.

New York and

MOODY &

Liberal advances

Co.,

Advances made on Consignments. Future Conon Commission, In

tracts for Cotton bought and sold
Kew Yorit and Liverpool.

tiie

W.

Co.,

COTTON

EoUclt consignments of

Co.,

ARETAS

all

street.

New

lnf«rmatlOL

WATTS &

York, and Messrs. D. A.

S JN, 64 Baronne Street,

New

AND

GIVKN

&

Co.,

&

Cotton Factors
COTTON EXCHANGE BUILDING,

NEW YORK.
Special attention paid to

New York.

for the purchase

Special attention given to the execution of orders

tor the Durchase or sale of Contracts for Future
Delivery.

J.

H.

Farley,

delivery of cotton.

AND

FINANCIAL, AGENTS,
132 Pearl Street,
O Box

New

.3,909.

York.

Advances made on Consignments.
Special nersonal attention to the purchase and sale

Of

''

CONTRACTS

COTTON.

FOIS

FUTUKE DELIVEKY " OF

^^^

Pirn, Forwood& Co.,
OENERAL COMMISSION MERCHANTS,
P. O.

BOX 613,

Neiv Orlcaus,

BOX 4964,
Neiv York.
Contracts in New York

GANGS OF RIGGING MADE TO ORDBK.
192 FRONT STREET, NKW YORK.

HOME

Insurance

Liberal advances

made on

con*

BLOSS & INCHES,

0?FICE, No.

HARRISON & FORWOOD,

Reserve for Unpaid Losees ana
Dividends

BANKERS & COTTON COMMISSION MERCHANTS

Cngland, China, India and Singapore.
UNDSRVVRITERS IN NEW ORLEANS
for the

British

&

Foreign

Company

ITIarlne Insurance
of lilverpool,

Knoop, Hanemann & Co
oominissioN merchants,
62 EXCHANGE FLACK.

NEW

residence

and healthy city in America. It has large orchards
and exteneivc out-bulldlngs, is surroim-ied by elegant
homes and gCHial society. Was valued at $40,(X)0
before the panic; now $2?,000, on easy terms, will
buy it. All Is In prime condUlon. Cut this out for
reference, and write ISRAEL HALL, trustee, Ann

clined Planes, Transmission
of Power, &c.
Also l*ai-

.

[van'zed Charcoal

Wheless,

136,'?01 IS

12,500 00

Issued at this otace

7,871 80

ToUl

|«,109,.i2i) IS

CHAS.
J.

H.

MARTIN,

J.

WASHRVRN,

President.
Secretary.

^TNA
Insurance Company
OF H4RTFORn.

INCORPORATED

IN 1819.

on hand from
which any desired IcnRth
are cut. I'LAT STEEL AND
IKON HOPES tor Mining
purposes manufactured to
constiintly

NASHVTLLK, TENNESSEE.
Corre

Bank

and BBior

Rl^gmj?, Suspension
iiridges. Derrick Guyw.Ferry
Kopcs, &c.
A liirtte stocK

.

&

NET bUR°LUS, Jan. 1, 1877. $1,945,236 18
BRANCH OFFICE:
No. 1T3 Broadway, New York.
JAS. A. ALEXANDER, Agent.

Liverpool

&

London d^ Globe
Insurance Company^

JOBN

45 William
J.

E.

St

PULSFORD,

order.

MASON &

CO.

43 Broadway, Newr Kork.

«

Total Assets, January 1, 1877
$7,116,684
$3,000.(X)0 00
Capital
Rc-iiiFurancefund.
1,741,478 48
Unpaid losses
other
4i9,114 82— 5.170.388 24
claims....

-Chips'

COTTON
ooinraissiON merchant
Bpselal attention given to Spinners' orders.
•ponilence solicited.
KiFKRMoiis.-Tiiird and Fourtu Natlontl
•Bd froprlators of Xbs Csbosiou

o P e

STEEL AND CHARCOAL
IRON of superior quality
suitable for MINING AND
HOISTING PURPOSES. In-

C O

314,315 41
b ,2 i 3i

.

R

M

tl61,WT

2,016,°08 00
3,016,875(10
25i,lv0 00
124,628 00

Arbor. Mich.

nanchester and Liverpool,

&

66-acre farm, near the schools

and university, In the best part of the most lovely

H0XT8SB or

McAlister

and

BESIRABIiE

109,626 T6

Kealestste

.

YORK.

DE JERSEY &

SOIiB.— A

$(i,

Premiums due and uncoHccted on Policies

Co.,

COTTON FACTORS & COMMISSION MERCHANT
47 Broad Street* View York.

42

ASSETS.

Cash in Banks
Bonds and Mortgages, being first Hen on
real estate (worth »4,29-,200)
United States stoclis (niarke* value)
Bank Stocks (market value)
State »Dd City Bonds (markel value)
Loans on Stocks, payable on demand
(market value of ^ecuritli.-', »42:.098)...
Interest due on st of January, l^H
Balance in hands of Agents

Investment Securities bought and sold. Orders exe
cuted at the Cotton Exchanftes In New York and Liver
pool. All Uusiness transacted Strictly on Commis
BIOS, 6o that no Imereat of our own can possibly
conflict with that of our patrons.

&

2.^6 391

I,01(i.7u3 02

NetSurplus

SUMMARY OP

R. M. Waters & Co.,
66 BROAD ST., NEW YORK.

BE

BROADWAY.

T0T.4L ASSETS

GENERAL COMMISSION MERCHANTS
142 Pearl Street, New York.

TVjl^ST

135

SHOWING THK

LIVERPOOL.
Also, execute orders for Merchandise in

Company

Condition of tbe Company on tbe first
day of January, 1878.
CASH CAPITAL
$3,000,000 00
Reserve for Re-lnturance
1,836,432 31

COTTON FACTORS

Sawyer, Wallace

~

NEW YORK,

OF

P. O.

I.a.

Execute orders for Future
nd Liverpool, and maKe advances on Cotton and
ther produce consigned to

I.EECH,

contracts for future

slgnments.

COTTON FACTORS,
COMMISSION MERCHANTS,

P.

CORDAGE,

Forty-Ninth Seini-Annnal Statement,

he execution of orders

or sale of

TARRED

ic

FOR EXPORT AND DOMESTIC USB

AND

Co., GENERAL COMMISSION MERCHANTS

GENERAL

&

MANUFACTUKERS OF

MANILA, SISAL, JUTE

"

COniiaiSSION raERCHANTS,

H. W.

<k

Treasurer,
40 Wtiter ptieet. BostOf

Henry Lawrence & Sons,

Co., SI

Beaton*

Liberal advances made on consignments. Prompt
personal attention paid to the execution of orders for
ibe purchase or sale of contracts for future delivery.

121 Pearl Street,

Superintendent
Manchester. N. H.

Orleans.

Ware, Murphy

YORK,

and Tools,
MANCHKSTKR, N. H.
BLOOD, W. «. MEANS,
glues,

and orders for th«

Advances made on consignments, and

Works,

MANDFACTURKRS OF
LocomotiTes, Statloiiarr Steam En-

purchase or sale of future shipments or dellveno^

Stone

commissioN merchants.

Bennet

York.

ISANCHESTKR

Locomotive

&

C. Watts

afforded by our friends, Messrs. D.

COTTON
Street,

New

execution of orders for

^__

NEW

Street,

Miscellaneous.

made on Consignments.

31 Brown's Bulldlnss,

No, 123 Pearl Street, Neir York.

125 PEARL STREET,

9T Pearl

of cotton.

JEMISON),

&

T

1841.

COMMISSION AND COTTON MBRCHANT8,

LIVERPOOL,

R. Smiih

Tontine Bultdlng)

(In

Edward H.Skmker& Co.

AND

D. L.

EsUbllshed

the purchase or sale of contracts for future delivery

and

GENERAL COMMISSION MERCHANTS,

44 Broad

No. 146 Pearl Street, near Wall, N.

-WtLil Street,

GENERAL COMMISSION MERCHANTS
LOANS MADE ON ACCEPTABLE

BANKERS, COTTON FACTORS

B.

COTTON BKOKEKS,

NEW YOKE.

Special attention paid to

Ltrerpool.

&

jemison

S.

(Successors to

76

F.Wenman& Co

Stillman, James

SECURITY.

AlBo execute orders for Merchacdtss through

Itlessrs.

&

Nos. 74

York.

Advances made on Conslgmnsnts to

Messrs.

Cotton.

SEAMEN'S BANK BUILDING,

COniniSSION nEBCHANXS,
174

[Vou XXVI

Resident Manager.