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AND

HUNT'S 3IERCHANTS' MAGAZINE.
BEPRESENTING THE COMMERCIAL "AND INDUSTRIAL INTERESTS OF THEj UNITED STATES

VOL.

NEW

2b.

YORK, FEBUAUY

National Bank-Note
(TSCORPOBATED KOVBMBEB,

Co.,

Bank of British
North America,

1859.)

No. 52 TTAIili

'WALIi STREET,

NEW YORK.
"^

ESOIU.TEB8 OX THB

Oalted States Bonds, Notes, Cnrrenoy
and National Bank Notes.
B."!ORATrsQ ASD PBnmNo or
BANK-NOTES, STATE AND HAILHOAD BONDS.
POSTAGE AND EETENUE STAMPS,
OBRTinCATES, DRAFTS, BILLS OF EXCHANGE,
AND COMMEKCIAL PAPEBS,
in the highest styla of the art with special saf*(fuarda devised and patented, to prevent countertelling

and

alterations.

The Canadian

Uovemments and Bankinsf Institutiona—Sonth

Transfers of Money,

Vommtinieations may be addre»8cd

Buys and
istiues

SHEPARD, Treasnrer.
rso. E. CVBBIEB, Secretary.
Poma, Prcit.

Sxxl, Phillip», Cashier.

Maverick National Bank

Sells Sterllag

>

$400,000
200,000

given to COLLECTIONS, and
prompt remlttanoes made on day of payment.
BoBtoQ buslaess paper dlscoonted. Correspondence
Special attention

arlted.

Kountze Brothers,
IS WALI. STREET, NEXT
world;

alio.

Time and Sight

BANK OF LONDON.

m

Bills

all

Capital,

HEAD

iNGitAM,

J.

on the

UNION

Cable Transfers made.

No. 10

LONDON, ENO.—The

Asst. General

Mansger.

Clydesdale Banking Co.

NEW YOKK-The Bank of New York.N. B.

A.

National Bank of the KepuUllc.
The New York Agency buys and sells Sterling Exchange, Cable Transfers aud Gold, Issues Credits
available In all parts of the world, makes collections
In Canada and elsewhere, and Issbcs Drafts payablo
at any of the ofllcod of the hank lo Canada
Demand
drafts Issued payable lo Scotland and Ireland, and
every description of foreign banking buslaess undertaken.

WaU

Bank of
CAPITAI-,

Deposits received subject to Draft. Securities, Gold.
Interest allowed
en Deposits. Foreign Exchange. Commercial Credits.
Cable Transfers.
Circular Letters for Travelers,
available In all parts of the world.

Attobnhts asd AOBXTa OP

Messrs. J.

S.

MORGAN &

OLD BROAD

ST.,

CO.,
LONDON.

Brothers

WALL

No. 59

&

ST., N.

dollars for use In the United States

countries, and In
of the world.

Co.,
TT.,

pounds

and adjacent
any port

tttrling tot use In

THET ALSO ISSUE COMMERCIAL CREDITS

MAKE CABLE TRANSFERS OF MONET BETWEEN THIS COUNTRY AND ENGLAND, AND
DRAW BaLS OF EXCHANGE ON GREAT
BRITAIN AND IRELAND.

G.

&

G. C. Ward,"

BARING BROTHERS

No. S3 IVtlllatn St.,
PATON A: CO.

Montreal.

St

COMPANY

62 WALL STREET. NEW YORK.
28 STATE STREET, BOSTON.

John Munroe

&

Co.,

No. 8 W^all Street, New York,
No. 4 Post Office Square, Boston.
CHEQUES AlTD CABLE TRANSFERS ON

MUNROE

dc CO., PARIS.
STERLING CHEQUES AND BILLS AT SIXTT
DAYS' SIGHT ON
ALEXANDERS dc CO., LONDON.

CiBcri.AB Noras

AHD Crxdits fob Tbatilos.

J.&W. Seligman&Co.,
BANKERS,
59 EXCHANG-E PLAOB,
CORNER BROAD STREET, HEW TOBK.

$12,000,000, Gold.
5,500,000, Gold.

SURPLUS,

& Co

Bonlevard Haussmana

31

Ac, bougbt and sold on Commission.

OFFICE, MONTREAL.

OE0P.GE HAGUE, General Manager.

WM.

St.,

AORHTS FOB

$6,200,000, Paid Up.

-

-

Drexel, llarjes

Co.)

Pbiladelpbia.
Paris.
DOMESTIC AND FOREiaN BANKERS.

President, the lion. JOHN HAMILTON.
Vice President, JOHN MoLENNAN, Esq.

YORK,
parts of the

k

South Third

S.

OF

CANADA.

with Messrs. JESCP,

Gwynne & Day,
[Established 18M.]

HAKPEK, t»»enM
GOADBT. f-^^""-

Merchants' Bank

New York Agency,

BANKERS,
Letters of Credit, ayallablo

G.
H.

BANKERS.

orplon,

line

Exchange, and makes Cable

J.
J.

BOSTON
Capital,

84

Issue, against cash deposited, or satisfactory guarantee of repayment. Circular Credits for Travelers, la

Commercial Credits available everywhere.

A. D.

Aai. P.

STREET.

to this

H. VAN AKTTTERP, Pres't.
mACDONOrciI, Vlce-Prcs'U

J.
J.

Drexel
No.

Brown

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

Surplus,

Company in any language,

CORNER OF BROAD, NEW YORK.

Bank of Commerce,

This Company engraves and prints bonds, postage
(lamps and paper money for varlons foreign
American, European, West India Islands, Japan, &e.

Drexel, Morgan & Co.,
WALL STREET,

No. 82

Capital,

<

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
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. MaoTAVISH, J Agents.
A»pnt»
G. M. MORKIS,
I

No. SO TVAIiL

658.

Financial.

THE

AGENCir OF
THB

1

NO

1878.

Financial.

Financial.

OFFICE, No.

2,

Issne Letters of Credit for Trarelerit
Street.

QEORQE STEPHEN,

Transact a general banlslng and brokerage business
la Hallway shares and bonds. Government Securities

R. B.

and Gold.

President

ANGUS, Cleneral Manager

XEW YORK

Interest alloved on deposits.
Investments carefully attended to.

Nos. 50

ic

ters of

STREET.

c. F. SurrsBBe,

Walter

Charles G. Johnsen,

MEUCIIAXT AXD BANKER,

Bay and

Wat»o.v,

\

•-„,.
^gsn"-

J

Exchnnge, Francs and Cable
grant Commercial and Travelers' Credits, available in any part of the world
issue drafts
on and make collections in Chlcngo and tlirongbont
the Dominion of Canada.
cell Sterling

Transfers

Ud

Draw Bills of Bzckange and make telegraphle tni»
money on Rorope and California.

OFFICE,

01 AVAIiL

Parable In any part of Borope, Asia, Africa, AoatraUa
America.

;

Hatch
BANKERS,

&

No. 12
Btrr

Foote,
WALL STREET'

Aso nmu,

GOVERNMENT BONDS, GOLD, STOCKS ABO
MISCELLANEOUS SKCURITIBS,

;

166 ORAYIEH STREET

NEW

OBI,EANS,

I.A

London

Office,

No. 9 BlrcUIn Laiie.

R. T. Wilson

&

Co.,

BASKERS AND COMMISSION MERCHANTS.
9 Ezcbaosc Court, New York.

THE CHRONICLE

u

THE
Bank
National
Pacific
OF BOSTON.

rnOS. p. MILLER,

KIALTO BUILDING,
131 DeTonslilre
Office.
DIRECT OBS:

Lkoxakd TVhitsbt,
Whitney.

„,

—

>f Lt.'erpool,

,

attention given to the sale of Sterling Bills of fcxchange also to orders for purchase orsale of Government Bonds and Gold, and to collection of Coupons,
Dividends and Kegistcrcd Interest.
Interest allowed on Ilcposlts. according to agreement. Loans made on Merchandise, on satlafactory
;

will give personal attention to all business entrusted to them, and no pains will be spared to
make any business relations with the Bank mutually

The ofdcers

pleasant and proatablc.
A. I.

G«o.

Wx.

BENYON, President.
J. CBICK, Casbler.

WALL STREET,

New

12

DEVONSHIRE

Orleans

Bank

;

ames Hunter,
Box

SaTannali, Georgia,

81.

26 Pine

Street,

York,

Rkpkbbnoes.— Henry Talmadgc &

&

Co.,

New York;

Co.,

THE CITY BANK OF HOUSTON,
Capital, $500,000,

H ousTON,

Texas.
to collections

on

all

acces-

sible points.

DiRECTOBS.— Benjamin A. Botts. Pres't: C. S. Longcope, W.J. Hutihlns. F. A.Klcc, C.C. Baldwin, W.B.

BEN J.

A. BOTTS, Pres't.

W. House,

41

MAIN

ST.,

ST.,

UOHtou,

COLLECTIONS MADE THS0V9B0U1 THE
XI ATE

STATES AND BPROFE.

B

InTeetmeat Securities constantly on

Board

-.Jew

78

Bnr and

Stackpole,

AVestern

&

Wilson, Colston

Co.,

.

BOllcIted

& W.
-

Seli^man

&

and Information
Brothers

A

»

$6,000,000.
1,55 0,000.

fulijr

paid In coin, $10,000,000
2,500,000

LOUIS MoLANE,

President.
J. C. FLOOD, Vice-President.
C. T. CHRI8TBNSEN, Cashier.

ST.),

A. K, W4I.EBB,Caehlei.

National
made on

all

Bank,
C.

pute ol the United Statee

*'kmt,ikX»f^fHy\'V"

5
i

STATE BANK,
Incorporated

)

loi5. {

C. T. Walkib
Cashier.

German Bank,

Southern Bankers.

UriLniNUTiON, N.

The Bank of New Tork, N. B. A., Is prepared to Issue
Telegraphic Transfers, Letters of Credit and Drafts
on The Nevada Bank of San Francisco.
C. r. Penzil,
President.

'

Proe't,

Smith, Patnk k Shiths.
ToB Bask of Nbw Yoek, N.B. A

LONDON

NEW YORK

Ifork Boards.

J-

B. B. Bbrrcbb,

Agents

street.

59

Wall

street.

Promptest attention paid to collections payable In
any part of Canada.
Approved Canadian business paper, payable In gold
or currency, discounted on reasonalile terms, and
proceeds remitted to any part of the United States by
gold or currency draft on New York.

Exchange

Ba,nk
OF CAKADA.

Capital Paid

HEAD

Up

$1,000,000.

OFFICE, ITIONTREAL.

GAULT,

MURRAY,

C. R.

Pres't.

Cashier

BBAJfCHES:
Hamilton, Ont.; Aylmee, Ont.; Pabk Hill, Ont.
bsdfosd, p. q.; joliette, p. q.

AOEXCIES:
QnBBEO, Valletfibld.

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

made promptly and remitted for

sold.

at low-

The Bank of Toronto,
CANADA.
Capital,

Reserve,

$2,000,000.

HEAD

OFFICE,

'I

$1,000,000.

ORONTO.

Duncan Coulson, Cashier HuoH Leach, Asst. Cash
Branches at Montreal, Pcterboro, Cobourg, Port Hope,
;

Barrle,St. Catharines,

ColUngwood.

B A N K E It 8
London, England.— The City Bunk.
National Bank of Commerce,
New York. C. F. Smlthers and W. Watson.
llectlonsmade on the best terms.

Financial.

J.

SAN FRANCISCO, CAL.

for-

Orders In stocks and Bonds promptly executed at

be PhiladelpUlaand New

Collectioni

Lombard

r-

III

lilTTIiE
CAPITAL (Paid-in)

&
33

*':;.

Austin,

J.
STOCK BROKER,
203 WALNUT PLACE (316 WALNUT
PHILADEIiPHIA.

First

93

Co.

COSRESPONDENTS:

Bell

Cashier

In New York:
Bank of Montreal,

Agents In London
BosANQVET, Salt & Co.,

FHKD'K F. LOW,
( Manaopra
Kl.NATZ STKISUABT,!"*''''*''"LIL1ENTHAL Cmhlcr,

Reserve,

VIRGINIA BECBUITIKei

CoRREBPONDXNTS— McKim

Office, 422 California St.

Agents, J.

Transact a general Banking BuflnesB. Issne Com
morclal Credits and Bills of Bxchanse, avullable In all
parte of the world. I'ollections and orders for Bonds
Stocks, etc.. executed upon tbc most favorable terras

Capital,

BAI.TIX.ORE.
Correspondence

WILKIE,

it.

Dealers In American Currency and Sterling Exchange.

OF SAN FKANCISCO.

specialty.

N. \

Bank

rhe Nevada Bank

BANKERS AND BROKERS,
and

;

OFFICE, TORONTO.

ANOHES:— ST. CATHERINES, PORT COLBORNE,
ST. THOMAS, rSGERSOLL, WELLAND.

Collections

Angel Court.

Office, 3

Antliorlzed Capital, •
Paid-up and Keserve,

P. N.

Baltimora Bankers.

IKVBBTMENT

NEW YORK

and

City

County Bonds.
&.

$1,000,000.

President D.

:

OEVONSHIBE STREET
BOSTON,

Sell

Head

SAN FKANCISCO

SECU.IITIES, Gold,
City, County and Itallroad Bonds.

BAM&BBS,

Bank of Canada

Interest allowed

(LIMITKD),

liONDOM,

STATE STREET, BOSTON.

&

R

est rates.

Co., Anglo-Californian

DEALERS IN GOVERNMENT

alshed,

HEAD

Sterling and

Western Bannes.
THE

BANKERS,

Parker

Cashier.

FOREIOM AOENTS:

.MoodT* JemlsOD.

Yortr CorrennondRnt.

hanrl.

&

Chas. A. Sweet

Fhila.

HOWLAND,

A N.K EBB,

DALLAS, TEXAS.

Commercial

Brokers

at

COLLINS.

Capital,

Leonard,

8c

paper.

State,

Imperial

M. H.

BCT8 AND SELLS EXCHANGR ON ALL THK
PRINCIPAL CITIES OF THE UNITED

Co.,

iHasii.

Orders executed on Comratsslon
AuetlonB,and Prlvnte Sale.

185,000

WILLIAMS, Vlce-Pres't.

Especial attention given to Collections, and
mlttances promptly made.

HOUSTON, TEXAS.

Gold, Silrer and Negotiable Securities.

Adams

Dealers In Stocks. Bonds, Gold and

.J.

CORRESPONDENTS.
New Yokk—Tradesmen's National Bank.
San Feancibco— Wells, Fargo & Co.'s Bank.

CONGRESS STREET.

No. 36

A.

DEALKB IN

BANKERS,

40

S. (i.

BANKER,

Municipal Bonds.

&

EBERT, Pres't.

G^

Southern Bank, Savannah,

We give special attention

.....

Capital Paid-in,
F. J.

and Eugene

BANKERS AND DEALERS IN

Brewster, Basset

DENVER, COL.ORADO.
Capital Stock, - ~^- • - $250,000

Canadian Bankers.

New

Broker and Dealer In Southern Securities. Loans
Negotiated. Advances made on Securities placed In
my hands for sale at current ratea.
Kelly

Eankerii.

Exc hange Bank,

AND

T.

Boston,

Vork,

Co.,

Liverpool

BottB-Rob't Brewster.
B. F. WEEMS. Cashier.

Geo.Wm.Ballou&Co
8

J
p. O.

Geobok H. Holt,
Member N. T. Stock Exchange

Baijx)C.

New

fork ; Louisiana National Bank,

a

P.
B.
P.

F.

&

mOBILE:* AIiABAmJI.

JRows. firm of Brown, Steese & Clarte.
Tower, Marine Contractor.
Speikgkk, Arm of Springer Brothers.
Edwin Kay, Aeent Connecticut Life lusurance Co.
E. M. Fowi E, finii of Fowle & Carroll.
J. H. Sanborn, Mcrchanta' Tobacco Co.
Geo. C. K ND, flr.n of Hand, Avery & Co.
J. H. WniTA.ER, firm of Enoch Benner & Co.
Arthtr sewall, President Bath National BanS, Me.
A. I. Benyok.
The well-known character of these gentlemen Is a
guaranty of a faithful and discreet management,
.Mercantile Accounts and Accounts of Banks and
Bankers received on mo-t favorable terms.
Collections made on all iccesalble poluts. Special

G

M.
M.

JNO. W. UILLEB

WIILIAM8.

special atteaUon paid to collections, with prompt
remittan :eB ai current rates of exchange on day of
>ayineBt.
^ New
„
German American Uftnk,
Correspondents.

St.

HolUngsworth

Je., firm of

».

BANKERS,

No. 2,

Ofposlte the Post

K

Thos. P. Miller

This Bank, duly authorized by the Comptroller of
the Currency, Is now open for business at

ROOM

Western

Southern Bankers.

Boston Baakers.

Vol. XXVI.

I

ROCK, ARK.
$75,000.
25,000.

Sdrplcb
Prompt attention given to all business In our line.N. Y. CoBBSsroKCSNT, DeaneU, Lawaou A Co.

J.

Stuart

&

Co.,

NASSAV STREET.

BILLS OF

EXCHANGE ON

SmiTH, PAYNE & SMITH'S,
BANKERS, LONDON

;

MANCHESTER ^k COUNTY RANK,
"LIMITED";
JOHN STUART ^k CO., Banlcers,
MANCHESTER, PAYABLE IN LONDON;
ULSTER RANKINO COMPANY,
BBLKAST, lUELAND;
AND ON THE

NATIONAL BANK OF SCOTLAND.
also,

CABLE TRANSFERS AND LETTERS OF CREDIT
J. H.

BAAB.

J.

HENGSTLBR.

C. F.

KtJBBNBirUNDT

Haar & Co.,
BANKERS AND BROKERS,
45 WALL STREET.

DEALERS IN SPECIE AND UNITED STATES
SECURITIES. Buy and sell Stocks, Bonds, and Gold
for cash or on margin.
orders for Investments.

S.n clal attention paid

to

„
UKUEKS EXECUTED AT THE PHILADELPHIA
j
AND BOSTON STOCK JiiCUANUES

Fkbruauy

IHE CHRONK^.LE

2. 1878.

Financial.

A

iii

Financial.

Inanilal.

i

Lazard Freres,

C. Biirnham,

Henry

CHABIPAIGN, II^I..,
6S Pine Stre«t.
O K F K U S K O K SAL K
aiUMT
*
TIME BILLS on tho UNIOM BANfc
DRAW
FIRST mORTOAGB
RBAL KSTATK
<:Oi;i'ON BONUS,
LONDON,

in »inoant» of ll.tWiiml upwards, yleldlnu EUiHT to
TEN per cont acmlannuai iDtereat, and negotiated
tliroaKh the houses of
SUftS/IAM. TflKI'lirTit ifA TTIS. Champaign, 111.

BVRSIIMI

TVr.l.KYS. Cnundt IHnfft, Iowa.

.t
it

BVusH.iii

ut-ran,

(jnnntii, luica.
All thene loans arc car'fuUy made, after personal
security,
by niemhers of the above
the
Inspection of
firms, who. IlvlnK on the ground, know the actual
responsiTftlue of lands and the ehitraeter and
bility of borrowers, and whose experience in the busln<t88 for the past HIXTKKN YI-:aUS has enabled them
to Rive entire satisfaction to Investors.
Unusual facilities ottered for the prompt collection
of defaultcvi municipal bonds.

810

CO.,

tii

PARIS,
And on

Moner by '^''tegrapli

FRANK

Iowa
»nd 195 Hroadway, Western Union Bldg, N. Y., make
loans on the best Improved farms In Iowa, at 8 t« I
Always

and Improved

liens

flrst

never exceeds one-third the cash value
/arms
The bonds have coupons
of the land atone.
attached, and the Interest is puld semiannually, at
the Central National Hank, In New York, and the
principal, when due, at the same bank. Several years
experience of the firm In loaning has shown these

PERFECTLY SAFE

I

The Interest and principal have always been paid
when due, without th- loss of a dollar. Send for full
printed partkrul.irs, or call at the New York office
and examine maps and ap[)llcatlon8 for loans In sums
ranging

f roiii

I20U to

$5,001).

ItKFEKByCBS:

Wm. A. Wheclock, Ksq., I'rest. t;ent. Natl Bank, N.Y.
Oilman, son & Co., Kank-ers, 4T Exchange Place, N. r.
H. C. Fahnestock. Esq.. First National Bank, N. Y.
Henry H.ralmer. Esq New Brunswick, N. J.
Cbaa. J. Starr, Esq., SLtmford. Ct.
A. J. Odell, Esq., See'y 1). L. & w. RR. Co.
Aaron Healy, Esq., 5 Ferry street, N. Y.
Edwards ft Odell. .\ttorneys, S! William street, N. T.
.

Collections on all Points,

Circular Notes and Letters of Credit through Messrs.
CO., at PARIS, payable In any

Ten Per Cent.

Solid

OLD AND TKIED.
SAVINGS BANKS EVEN,

Bonds, Stocks,

rocds. The old CE.nTUAL ILLINOIS
All 1-.N;:y Bt'inds uumoV'.-d amidst the storm.

brlttli'

Kl-h liivcslmcnts

AH OLUlELY SAFE

proTe

LOAN

you

If

IN

ANY

toNTi NGENCV, address, fur clri:ular~" Actuary of
KANSAS, MlSSOtJBl ft CENTRAL ILLINOIS LOAN
AUlUiCY,*' jAcaaoMTitXB.

Ii-l.

acalul

liecelre Depotll

General London and Foreign Banking Bnslueas,

KING, BAILLIE

& Company,

Cjrant

E

WALL STREET,

as

>«*.

KANSACT A OKNKUAL BANKING Bl) SINKS
TOCKS HOUUUT AND SOLD ON COMMISSION
NTKKEST ALLOWED ON DBPU8IT8.

WARP, CAMPBELL

W[e»»r«.

AND BKOKEBS,

ilANKKKS

CO., LlTerpooI.

te.

NEW YORK CORRESPONDENTS,

Ba le

S.

.

fc

y

I

CO.

,

W^ALL STREET.

65

I

-<.

Dealings In

Insurance Stocks,

G. St. JoHar "^nxFms.

httti>*m IJRAWT.

RAIL\rAV.~FORE€LOSlJRE
t'RIE
'SALK.— hU'Ttnne Conrt of ilie State of New York.

-TIIK KAliMKKs' LOVN & T.iUST COMPANT,
plaintiff. aKainst THE EIUE RAILWAY COMP.^NV
Nt» OTHKliS, (lefeudaiits.— By virtue of and pur-

A SPECIALTY.
Cash paid at once for the above Secaritlea or tney
Till be sold on commlsBloQ. at seller's option.
;

H. L. Grant,

suant to a jviigment and decree of foreclosure and
sale, rendered aud entered at a Special Terra of the

Supreme Court in Ilie above-entitled action, on
the seveulh day of November, A. I>. ISVi, I, Gorge
Tlckuor 1,'urtlB, Keferee. ap ointed tnerein to sell all
and BinKul.ir the mort-iaged premises, francliises
and property, both rcil. pcrd'»raland mixed, mentiondin the complaint in this action and incntioneil in
the said juclg'iiont and doeree, bcln^ the smne mortfat'cd, «>r Intended so to bo. to the plaintiff, the
Mrmers' Loan & Tru-t Company, l>y a mortgage bearing date on the lo nil day of February, A.T>. 1874, do
hereby give notice that on the tweniy-flfih day of
March, In the year la7:i, at 12 o'clock noon, at the
Merchants* Kxchinge Salesroom, No. Ill Broadway,
the City of New YorK, by Bernard Smyth, Auctioneer, 1 shall proceed to Be.l and J^hall sell at public
auct.ion, to the highest bidder, for cash, the following
descrllted property: \U and singular the railways of
the said company, from ;inn including Plermon ton the
Uudoon liver to and Includingthc final termiuusof
the said railway on Lake Krle, and the rallwav known
as the Newburx Branch, fr»im Newburg lo the main
line and also all that part of the railway designated
as the Buff,tlo Branch of the Krle Hallway, extending

NEW YORK.

CITY RAILROAD STOCKS & BONDS
BOUGHT AND SOLD.
See Quotations of City Railroads In this paper

-NKW YORK,
H4

I'earl

BOSTON,
IS Siaie Streol

Street.

&

GOSSLER

Co.,

OOBRKSPON'DSNTS OF

Bank or ••ambnrK and
London, (Limited.)
Honi-K IN EUKOPK,

Interiiatloiial

;

from Hornellsville to Attica, In the Slate of New
York and also all other railways belonging to the
company In the State^i of New York, Pennsylvania and

BROADWAY,

No. 145

said

ill

A

OM

LAZARU FI{E'.E3&

;

louu tobe

for

pari of Europe.

DAK

ft

CRBDIT8

Execute Order! on the London Stock Kzcbange.

Make

I

GEO. W.

vnlVU»

ftet q/ cKargt,

parts of the world.

all

ConslKumcnts of Merchandise.

and San

to Fartt

Co.,

,

and Current Accounts on favorable terms, and do a

Iowa Bonds k Murlgagcs
ROW. BANKKKSand Negotia

-ueCIttCULAR NOTES

Urant COMMKIiCIAI.

PRINCIPAL CITIB8 IM EUKOPB

tho

Transfers of
Francisco.

P. Ct. Interf^st

tors of Loans, Cornltig,

per cent Interest.

On LAZAKD FKEKES &

H

mall, London, EBgland.

15 Pall
:

&

King

S.

U A N K BR

[E«Ubll«l)cd 18B1.]

issiin

URRKISBEnG, GOSSLER dc CO
HAMBURG.

;

New Jersey.orany 01

thini, together with all the lands,
tracks, lines, ralH. bridge;?, ways, buileilngB, piers,
wharves, structures, ereutions. lences, walU, tixtures,

Capital,* 1.000.000
Allows iDU^reitt on dupoBlts, returnable ob demand,
or at Kpenfletl daifs. Id ajthurizedto act as Executor,
Anmmtstriitor, Guardian, Heceiver. or Ti ustee. Likewise, Is a legal deposUory for nionfy paid into Court,
or by order of any surrogate. InillvliluaU. Firms and
Societlea seeking Income from money lu abevHuce, or
ftt rest, win flna Ri'fely aiid advaoiitge lii thu iostitu
tlOD.

HKNUY

F. SPAULI>ING. President.
BKN.I. 8. SIIKUMAN.
Vice
\
KKKDKIIICK H. COSSITT, f Presidents

BABCOCK. Secretary.
KXECUllVE COMMIl'ihE:
C.

H.F.

Benj. K. bh'Tmati.
8am*l D. Uibcocft,
Martin Bates,

BOARD OF
JijniTban Tliorue,
l8a»r N. Pli"lp8,
Jostnh M. Fl*ke,
Cuiu-ies

rrederick H.CoASltt,
William H. ApplctODi

Schwab.
Uows,

ttostaT
iivrxtX

TRUSTP:1?3:

Martin Bates

WUnain Alien Ratler,
James P. Wallace, .

Henry K. Soaalrting.

R. A. Lancaster

&

Co.,

BANKERS AND BR0KBR8,
66 Ilroad«var, Netr York.
80UTUKHN AND MISCKLLaNKODS SKCURITIM
Bought and

VIKQINLA 8TATK

8'>Id

on Commission.

AND KAILRUAD BECUBITUB
A ttpeclalty.

.•aim NeKotiated.

-

AT TUE NEW STOCK

John
:
I

I

buy and

sell

cent margin.

^^^^^^^

XCUANGE OF

New

St., N.
otocks from the Indicator on

$2S

Marcin,

25

Shires.

9.>0 Mar;;iu, 5<> shares.
Uariiiu, 1)10 bliarea.

$10U

T.,
1

Referee.

»I
S ,
OF WALL STREET AND BROADWAY
Neiw York.

Tiansact a General Banking Business, Inclndlng

for cash or

on a margin.

InTeatmeut Secarltles For
p. O. BOX 2,«47.
A. M. Ktsoni.

New York.

m

SOUTllKKN

oLliers,

Defendants.

Notice Is hereby given that the sale of the property
of the defendant, * the New York & Oswego Midland
Railroad Company, " heietoforc advertised to talce
place on Friday, the Ulh day of January, A. D.
1818, at
i noon of that day, at the Wicltham Avenue Depot of said r.iilruud company, in Mlddletown,
In the CountT of OrauKe, and State of New York,
has been furtuei adjourned to FKIDAY, the .5TH
D.\Y OF MAi.CH, A. D. 13.8, at the same time aud

Dated

New

York, .January U,

1818.

KE.SNETU O.
GriE.X.
Complainants' sullcltora,

WHITS,

Matter.

»J^

12U

A.

Uroadway.

W.

A. Evans
NEW

&

OAUESON.

Co.,

New

Street,

YORK.

AUactlTO Stocks dealt in on one percent margin.
CommlsaloB Mt o( one per cent on 10 tliares and
upward!.

Stocks,

WAi; STRBKT.

Room

SO

26.

BROAD STRSST.

GAS STOCKS
A SPECLALTY.

Brooklyn

Secarltlea

Bonsbt and Sold

&

A. H. Brown
t

WaU

St.,

Cor.

mVESTMKNT

Co.,

New, New

Yorit.

BECURITIBS.

banki.
Special attention to boalnem of coontry

G. Amsinck

IN STOCKS,

38 Broad htrect and 34

per

^^
JAS.

tJeers, Jr.,

Bankers and brokbhs,

New York.

XTASS.

W. TBASS

Jb.

Geo. H. Prentiss,

AUIXAHSBB A
W.

Sale.

GAS STOCKS,

and others.

NEW YOKK &
COMPANV, and

I'.AILKOAD

W.MOLKLLXX.

Brooklyn

Referee.

F-ijuity— Betwe n J()ll.\ (1. BTEVKNS
Trustees, < :ouiplalnanls, :<eahist the

0.

N. T.

CIRCUIT COURT,
NITED STATES
DISliacT OF NEW VOUK.— In

OSWEGO MIDLAND

STOCKS, BONDS and OOU>

jurchase and sale of

GEORGE TICKNOR CUKTiS.

place.

DEALERS

Hickling,

ea Broadway and 21

'

COR.

<

Goo. Maccullccli Mlilei
Koswoll Skeel
A. A. Low
David Wolfe Bishop,
Amos K. Rno,
Charles G. Francklyn,
wnil.iin H. Weob.
.J. Piurpont Morgan,
Percv k. I'yoe,
•
Charles Abernettay,

LandoD,

(i.

Kifmond W.Corllet.

at the City of New York, this
twenty-first day of January, A. 1). 1878.

The sale of the above-described pioperty heretofore a Jvertlsed to 'ake i>lacc on the twenty-flrtt day
of January. 1S7S at 12 o'clock noon, at the Merchants'
Kzchange ^a*esr^om, No. Ill BroftiWay, in the City of
New Yi rk. wa.'* th'-n and thtre adjourned to tiie
twent) -Of bh d y of March, 1S'<3. at the same hour and

B'tijnmu B. Sheroian
Ororse W. Lane,
JaLob D. V^riullye,

Aa-T^ael D. Babcocic,

judgment mentioned.
Given under my han

Plaintiff's Attorneys,
•i\) Nassau street.

ieaac N. Phelns.
KUmund W. Corlies

C^K ECo.
R

BA

i

GE'OKGE ncKNOii CUKTI:^,
TuRNKR, Lke & MrCLuea,

Ainos K. Knu,
KredurU'i: H. Cussttl

Jacob D. Vermliye.

franchises, privileges and rights of the said company ; and also all the locomotives, engines, tenders,
cars, citrrltiges, tools, macnineiy, mauufactured or
anmanufactured materials, coal, wood and supplies
of every kind belonging or appertaini g to the f-aid
company; and all tod.-*. Income. I-sues and prolits
arising out of ^aid property, aud all rights to receive
or recover the same; also all the estate, right, title
and in^ere8^ terms and remainder of terms, franchlees, privileges and rights of action of whatsoever
ntimc or nature, in law or in equity, conveyed or assigned unto the New York & Erie ailroad Company,
or unto th>'. Erie K-iw^iy Company, by the Lnlon
l.allroad ( ompany, by t e Buffalo New York & Erie
Ualiroad Company, by tln^ Buffalo Bradford A Plttsbnrg liallruad Company, oy the i^ochester & Gcnece
Valley itallroad Comuany anl by the Long Dock
Company ; also all ana singular the chases iJi action,
receivable
bills
stocks,
bonds, book accounts,
and other evidences of indebtedness, leasetiold esother property in the said
tates, contracts and

&

Co.,

New York.

Street,
AOBHT* rOB TB»

160 Pearl

LONDON AND B[ANSBATIC BANK,
(LutTXD).—IrOHOOB.

'SHB CHRONICIJEL

iv

Financial.

Financial.

Financial.

FINANCIAL AGENCY

U.S. Four Per Ct. Bonds

Dakota Southern RR.

CITV OF MONTGOMERY, ALABAMA.

LEHMAN BKOTHERS,
PEARL STREET, NEW YORK,

133

Financial Agents,
Arc paying

Interest

Montgomery,

on new bo»48 of tbe City of
due January

falling

1878,

1,

Issued In

exchange for railroad bonds, and also Interest on

new Dsnds
Jaauary

of

tli«

3, 1878,

City of Montgomery, falling due

Issued In exchange for Market House

Bends. They are

also agents for

exchange of Market

House Bonds.

/-CONTINENTAL NATIONAIi BANK,
Nkw

York, Januvy

1878.— At a meeting of the

26,

FREDERICK

Board of Directors on the aSd ImVMr.

TAYLOR was

H.

Mr. Taylor has been for

many years

&

furnish the new United States
Four Per Cent Bonds, coupon or registered, in all deIMMEDIATE
l)ELlVEUy,>t the
FOR
nomlQatlons,
Government eubflcrlptlon rate, or at the current
maj'fcet price, If more favorable to tJie purchaser.
Payment will be received In gold or Ita equivalent
In currency at the market prlc« of gold at the time.
By purchasing the Bonds direct from U8, Investors
will avoid the formality of a Bubscrlptlon, and the

Co.,

receive their bonds at once.
The Coupon Bonds are In denaminatlons of t'O,
$100, f5C0 and $1.0C0. and the Registered Bonds In denominations of $50, $100, $500. $1,000, $5,000 and $10,000.
Iutcre*t payable qaarterly on the first day of January, April, July and October.
We are also prepared to f urnteb, at the lowest market rates, all other Issues of Government Bonds for
immeilate delivery, or to buy them In, exchange for
the Four Per Cent Bonds or for cash.
All marketable Stocks and Bonds bought and sold

on commission.
Gold, gold coupons and "called" Five-Twenty
Bonds bought at best rates.
We have published a pamphlet containing the Information which Investors desire about Government
Bonds, copies of which can be had upon appllo«th>n.

partner in the

and a Director

in

n

& HITCH,
NASSAU

new

york.

OERllIAN-AlflERICABr BAIVK

F

been elected

OR S T R

$E5S,0OO, being at the rate of only $9,000

per mile of road.

The Dakota Southern Railroad rHns from Sionz
City, Iowa,

D.

RANDOLPH,

President.

rpBE mARIPOSA LAND AND MINING company: of CALIFORNIA.— EXECrilTB
OrncE, 9 AKD 11 Nassau Street. New York, Jan.
1878.- The Trustees of this

an assessment of

$1 pe.* share

&

£!

€ O

company have

stock, payable at this office

February

11.

.

all

than

fifty

per cent, the amount required to pay the

on

intereat

its

charge of $3 on each certificate for advertising

MORRIS

SMITH, Assistant

n.

sale.

TuXAS FARM MORTGAGES A SPECIALTY.
per cent Interest, payable In New York seml-

annually. Absolutely safe loans made on property
worth, at present low viiluatlons, 8 to 5 times the
amouut loaned. Titles pt^rfect and property visited
personally. Correspondence solicited.
Collections made and promptly remitted for.

and

per cent annually thereafter. Thus
being constantly strength^ed,
and the probability that some of the Boiads
held by each person will be drawn find paid off
at par in gold is annually increased. The Bonds
in 1879,

the

five

security

Secretary.

pOUPONS IHATURING FEBRITARY
on the First Mortgage Seven Per Cent Gold

Bonds of the Dakota Southern Railroad Company
win be paid on and

is

now offered for sale at 87X per cent and accrued interest, at which rate they yield eight per
cent gold interest.

are

WALSTON

West Chicago,

after that date at the Metropolitan

Dne 1890.

Broker, 20 Wall Street.

MISSOrKI

PACIFIC KAI1.AVAY

COMPANY, Office No. 5 Bowling Gkken, New
York, January 26, 1878.— The O IDPONS due February
1, 1S78, on the FIISST MORTGAGE BONDS of trie

Bonds, Stocke, Commercial Paper, Gold, &c., bought

6

Wall

(of Missouri) will
paid on and after that date at this eftlce.
C. K. GARRISON, President.

Act as agents for Corporations In paying Interest
Coupons and Dlvldond^ and also as Transfer Agents.
Interest

collected

and

OFFICE OP THE

ILLINOIS CEN

TRAL RAILP.OAD CO., 31 Nassau street. New
York, January 17, 1K8.-A dividend of THREE PER
CENT has been declared by this Company, payable on
the Ist day of March nest, to the holders of the capital stock of this Company, as registered at the close
of the 12th day of February nest, after which, and
until the 1th day of March, the transfer books will be
L. V. F. RANDOLPH, Treasurer.
closed.

WALSTOJf U. BBOWN.

FRED, A. BBOW27.

WalstonH. Brown &Bro.
BANKERS,
New

34 Pine Street,

RAILROAD SECURITIES.

Adolph Boissevain & Co.

BANKERS
AND

AMSTERDAM, HOLLAND.
BLAKE BROS. & CO.

Brothers
BANKBBS,

47 IVaU »tf>M,

BONDS

hold

SALES

Knoblauch

&
39 William

BBQULAR AUCTION

all

No. T

&

SON,

PINE STREET, NEST YORK.

Albert E. Hachfield,
18

&

Co.,

liitvr ITortt.

TTALL STREET, NETT YORK,

Credit

principal cities of Europe.

DEUTSCHE BANK.

Trask

6c

Stone,

BANKERS AND BROKERS,
No. 7

NEW

STREET,

NEW YORK,

Transact a General Banking Business.

STOCKS, BONDS and GOLD Boneut and Sold on
Uommlsslou, and carried on Margins.
Deposits Ueceived and interest Allowed.
tw~ Accounts of Country BanSB »Dd Bankers received on favorable terms.

WANTED:

Fhrat-CIass InTestment Scenritleii,
CITY BONDS OF ALL KINDS,
Railsoas Bokbs attd Sobthsbh Seoubitub of

Alabama, Sonth Carolina & Louisiana
State Bonds;
OrleauM .TackNon k tit. Northern,
Mississippi < (antral, and mobile

New

k

ALT. DksCBIPTIOKB.

Oliio

City of

"WANTED.

&.

RORG,
36

So. Carolina. Louisiana, Georgia and Alabama Bonds,
Cities of Wilmington, Charleston and N. Orleans lids,
Cities of Memnbis, Nashv'e, VIcksbiirK & .Mobile Bds,
Atl. & Gulf lUl. Bonds. Memphis & Cliari. HK. Bda,
Te-viis Pacific RU. Bonds. Mississippi Central Bonds,
Houston & Texas Centnil Hailroad Bonds,
Georgia Kli. Bonds. Georgia Central KK. Bands,
LoulbVllIe & Nashvi le IIU. Bonds and Stock,
Macon & Brunswick and Nii. Car. B'ds to No. Car. UK,
Mobile & Ohio and N. Orleans Mob. & < liatt. KK. Bds.
So. Car. KK., Northeastern KK., Ala. & Cbatta. Bonds,
And all other Southern Securities which are salable.

Bought and Sold by

St.,

Railroad Bonds ;
Orleans Ronds.

New

LEW

Southern Hallroad Bonds, all tlods.
Toledo Logansnort & liurllngton Hands.
Kansas Pacific llallroaa Honds.
West Wisconsin iiailroal Bonds.
All bonds guaranteed l>y Erie Railroad.

\VM. U. UTLEV, 31 Pine

Excliauge Place,

YORK.

SPECIAL PARTNER,
Berlfn.

of all classes of

niVLLER

St., cor.

NEW

WEDNESDAYS AND SATDRDAYS.
II.

Lichtenstein,

BANKERS,

JiTOCHS AND BOWDS,
ADRIAN

York.

Make Telegraphic Money Transfers.
Draw Bills of Exchange and Issue Letters of

SOUTHERN SECURITIES.

COMiniSSION mERCHANTS,

McKim

undersigned

New

margin.

DEALS JH

Tork.

SPECIAL ATTENTION GIVEN TO THE NEGOTIA
TION OF

H. Y. Correspondents.—Messis.

and

At Auction.
The

Street,

STOCKS, BONDS and GOVERNMENT SECURITIES bought and sold on commission, for«ash or on

CHAS. GREGORY,
MATURIN BALLOV.
Member N. Y. Stock Exchange.

and sold on Commission.

PACIFIC RAILROAD CO.MPANY

Ballou,

STOCK AND BOND BROKERS,

Firms received upon favorable terms.

STOCKS

&

Gregory

of London.

r emitted.

National Bank,

111.,

A LIMITED AMOUNT FOR SALE BY
D. S. GREENEB.lU.'n,

Acsonuta and Agenolcs of Banks, Bankers and Mer"

Dividends, Coupons and

BEO.,

PARK SEVEN PER CENT BONDS,

NEW YORK.
cantile

BEOWN &

H.

M. K. Jesup, Paton &Co.
Draw Exchange on Union Bank

The sinldng

First Mortgage Bonds.

fund provides for the drawing by lot of four per cent

,

10-12

be delinquent and liable to a

and during

expenses liaye each year exceeded, by more

over

No. 52 AVilliam Street,
it will

year.'-;

these years of business depression the net carninga

levied

on or before

The road has heon com-

pleted and running about five

on the proferrel and

common

After that date

Yankton, the capital of Dakota, a

to

distance of 62 miles.

34 Pine Street.

Anstlu« Texas*

of the Board of Directors.

EUMUND

1, 1878,

Bankers,

Amount now Outstanding

Original Issue, 8600,000;

OF

FKED'K BUTTERFIELD has also

member

lio

sr.,

FIRST MORTGAGE 7 PER CENT
GOLD SINKING FUND RONDS.

make payment and

purchase of gold wlbh which to

Bank.

Mr.

26,

We are prepared to

FtSK

Cashier.

house of Fred'k Bntterfleld

a

ALFRED

elected Cashier, and Mr.

TIMPSON, Assistant

this

[Vol. XXVI.

N. Y.

G. T.

WALL STREET.

Bonner &

Co.,

BANKERS AND

No. 20 Broad

BliOKEJlS,
Street, New Vol*.

WANTED:
"West Wlscocsln Railroad Bonds.
Paul * Paclllc Hailroad Bonds.

St.

Little

Miami

.

liallroaii Kirst MortRago Bonds.
10 Per Cent Bonds.

Galveston County (Texas)

FOR SALE:

Louisville City 78, due 1891, Railroad Issue.
New York City Gold Coupon tis, due liWl.
international Italiroad of Texas IstMort. Bonds.
Flint & Fere Maniuetto Railroad Consol. Bonds.

:

;

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

VOL.

SATURDAY. EEBKUAllY

26.

CONTENTS.
TUK CHRONICLE.

Mr. Wood> New Tariff Bill
103 Latest Monetary and Commercial
Economical Canal Management
Engliah News
and Low Tolls
IM Commercial and Uiscellaneous
The FniKht Rite Imbroello
105
News
Financial lioview of January
107

THK BANKERS' GAZETTE.

Money Market, U.

8. Securities,
Quotations of Stocks and Bonds.
Railway Stocks, Gold Market,
New York Local Securities
..
Forelftn Exchange, N. Y. City
Investments, and State, City and
Banks, National Banks, etc
Corporation Finances
110|
I

i

I

In the

Cotton

liniDryGoods
120 Imporm and Erports

Br«»d8tnffB

123

Epitome

I

184
125
126

Prices Current

^l)t €f)rontclc.
the latest news

up

is issued on Saturmidnight of Friday.

to

TERMS OF SUBSCRIPTION-PAYABLE

IN

ADVANCE:

For One Year, (including postage)
$10 20.
For Six Mouths
6 10.
Aimual subscription In London (Including postage)
£2 58.
Sixmos.
do
do
do
1 68.
Subscriptions will be continued until ordered stopped by a wrttlen order, or
at Uu puoUealUm office. The Pnbiiehcrs cannot be responsible for Remittances
unless made by Urafta or Post-Oflice Money Orders.

London

The London
Street,

Advertisements.
Transient advertisements are published at t^ cents per line for each insertisn,
but when definite orders are given for five, or more, insertions, a liberal discount is made. No promise of continuous i)ubiication In the best place can be
g.vcn, a." all advertisers must have equal opportunities. Special Notices in
anking and Financial column 6U cents per line, each insertion.

JOHH

a.

B. I>A!)A,

I

FLOTD, JB.

WILUAM

f

79

&

B.

it is

a measure intended to raise a
for the Treasury.
Mr. Wood

his counsels a number of Treasury
from the most careful estimates which it
has been possible to make, the conclusion has been
reached that the bill as it stands will produce a revenue
averaging $154,946,000 per annum, supposing that the

has called

into

imports will equal the average imports of the past six
In view of the present financial situation, the
first requisite of any measure proposing to revise and
consolidate our tax system, must of course be its proyears.

ductiveness to the Treasury.

OlBcn.

office of the Ckroniclk is at No. 5 Austin Friars, Old Broad
where subscriptions will be taken at the prices above named.

wiiiiASi

place

first

amount of revenue

large

experts, and,

Tek Commercial and Financial Chronicle
day morning, mih

NO. 658.

1878.

ment so voluminous, to enter into all the objections or
commendations which it has evoked. Its details will
come up for future examination, when public opinion
108
regarding the measure has been more distinctly devel109
oped. There are, however, a few general facts to which
113
we will, at present, advert as useful and necessary to be
lU
kept in mind in criticising the bill.
116

THE COMMERCIAL TIMES.
Ck>tiiniercial

2,

DANA &

00., Publishers,

81 William Street,

NEW

YORK.

OrFicE Box 4,592.

I'osT

or at least

it

The

public credit

as established

upon so sure a

now,

refunding

that the

basis,

of our whole public debt at a low

is

home and abroad

recently was, regarded at

rate of interest

is a
mere question of time. Apart from specific legislation,
which we leave out of the account, in our present argument, there is no basis to support the public credit com-

parable to that of a well-supplied treasury.

Bf" A neat file-cover is furnished at 50 cents postage on the same is 18
Volumes bound for subscribers at $1 50.
1^~ For a complitc set of the Commekcial and Financial CmtoNicLE— course,
;

cents.

July, 18M, to
at Uto omce.

_W

data— or of Hunt's Mircuants' Magazine,

1839 to 1871. Inouire

The Business Department of the Chronicle is represented among
New York City by Mr. Fred. W. Jones.

Tbumcial Interests lu

MR. WOOD'S

NEW WRIFF

BILL.

On Thursday

if

our Treasury

is

to be

amply

filled

And, of
from taxa-

tion, the

customs duties, which yield the larger half of
the revenue, must be so adjusted as to produce a steady

and trustworthy supply.

To show how Mr. Wood's

bill,

estimated to yield 155 millions a year, will compare with
the customs laws of previous years, we have compiled

the sub-committee presented the revised
bill to the Committee of Ways and Means, consolidating the tariflf duties in accordance with the principles

the subjoined table of the amounts of revenue yielded
every year since 1863 by the customs duties.
have

knowledge.
Prominent among those who, with
Mr. Wood, have aided in perfecting this tariff measure,

1854... .

$69,059,<M2

$3r,W0,787

tJ4,TM,70O

103.316,153

109,741,131

S112,0Q4,945
243.412,971

$778,632,361

1384.

1,1J8, 873,945

58.685,431

84,9S8,atO

209,484,315

322,011,158

1,472,224,740

are the

18«... .

I79,04S,«S!

309,226,813

619,949,564

712,851,533

18«;...

.

176,417,810

«60,p27.S37

463.846,679

640,4:6,910

143,781,691

1888...

.

1M,461,S9'J

191.087,589

376,444,453

625,111,433

140.424,045

We

added the product of the internal revenue taxation
which were some time ago announced. Although the for each year, with some other facts designed to throw
bill is commonly known as Mr. Wood's measure,
because light on the subject:
ha has for a considerable time been devoting himself to
BKVE/IDX ntOX CUSTOIIS AHD ISTERNAL REYENUI.
ReceipU from
JVfl
its elaboration, it must not be forgotten that
Interett
it is the
Cuttotm.
Internal
ortllnarj/
loan* an4 Treaton th«
joint work of a number of men of experience and
He venue.
recefpta.
ury notes.
public debt.
practical

members of the sub-committee, Mr.
Gibson, Gen. Banks, Mr. Tucker, and Mr. Burchard.
The first of these gentlemen is chiefly responsible, we
other

believe, for that part of the bill

which relates to the
importations of sugar. Every detail, however, of
the
measure as it stands has been carefully examined
and
revised by each member of the sub-committee
of five, so
that the responsibility rests equally upon
every member.
Of course it will not bo possible, in reviewing a
docu-

also

. .

ISM...

77,395,090
133,067,624

18«9

..

.

180,048,426

168,356.460

357,183.256

238.678,081

130.691,248

1S70

.

.

194,M8,.n4

184,399,756

89S,!I69,SS3

38^47(,4<a

139,385,498

1871..

.

206,870,408

1(3,0118,153

374,481,104

368,768,538

135,57«,:«

167«

..

.

»16,3:0,888

180,612.1-7

S81,394,2»

306,017,054

117,857,689

1878

..

.

188,089,533

118,729,314

332,177,673

314.931,017

I04.7B0.688

1.S74

.

.

163,103,8S3

103,409,784

293.941,090

48»,213,63S

lVr,U9,815

157,187,128

110,007.498

381.020,771

S87,»n,66«

108,0«8,54<

1878..

IS76..

.

148.071,984

116,70O,73«

3S0,Ca>,584

897,«B5.8II8

:oo,s4s.2n

1S77

.

130,gs«,493

118,630,407

281,000,643

819,671,749

97,131,511

.

$3,360,850,170 $9,8)1,662,838 $^0a6,ft49,960 $8,242,641,741 $1,588,379,453

104

ITffE

The second

point to which

we would

CHRONICLE)

[Vol. XXVI.

measure the most important principles laid down in
fiscal science, both by Adam Smith and by other ecoand symmetrical adjustment should be, as far as possi- nomic authorities. How far the attempt has succeeded, it
For example, it has been pointed out is, perhaps, premature to affirm. The bill has been pubble, preserved.
by our French importers that the bill, as it stands, will lished in full at this early stage of its progress, both to
operate unfavorably to them and their friends. Some make its provisions accurately known to the country
of our own merchants and dealers are already beginning and to give time and opportunity for their examination
These hostile criticisms, for iu the full light of public opinion, before the bill is
to make similar complaints.
reasons above suggested, we do not here consider in reported to Congress by the Committee of Ways and
detail.
TVe only cite them in order to offer to the Means.
committee the suggestion that while the bill, in these or
ECONOMICAL CANAL MANAGEMENT AND LOW TOLLS.
some other of its minor details, may be attacked, and
is,

that in

amendments

all

to the bill,

direct attention

sound principles

The confirmation, on Wednesday last, of Mr. B. S. W.
perhaps need pruning and trimming, the pruning
Clark, by the Senate of this State, by a unanimous vote,
it is wanted, and must not
destroy the symmetry and adjustment of the fiscal as Superintendent of Public Works, is an incident
measure as a whole, or impair its power of yielding a which has special significance at the present time with

may

knife must be used only where

revenue of 155 millions a year.
Thirdly, we see from the above figures that the bill
we are discussing embodies the great general principles
which have been frequently advocated in this journal, and
which have, to some extent, for years past, been applied
to our fiscal system, except for a brief portion of the
paper-money era, when they were temporarily lost sight
of amid the troubles incident to our war finance. These
principles are, first, to regulate the incidence of all our
taxes in such a way as to cause them to fall chiefly upon
distribution and consumption; and, secondly, to leave the
processes of production, especially
staples of the country,

The growth

exempt from

that of

the great

direct fiscal burdens-

of national wealth, as economic science has

abundantly demonstrated, requires for its best developthat taxes should fall upon the processes of consumption and of distribution, because experience shows,
that the industrial organism will bear such taxes with
less harm, while taxes which directly attack production
are always peculiarly full of peril, and need to be watchfully guarded.
It has been contended that this principle
is best complied with when a nation adjusts its revenue
system so as to derive its chief resources from customs
duties, and when the taxation is mostly leried upon the
products of other countries, leaving its own industries and
its productive powers, as far as possible, tax free.
In
1866 one of the most notable applications of the pnnciple was made, which s-vept from the statute-book war

ment

reference to the future of the canals.
The unanimity of
the vote, after the rejection of two previous nominations, is a

decided compliment, even his political oppoperhaps in com-

nents making no objection to him,

mendable imitation of the course taken by him, when
entering upon his present position as Warden of the
Sing Sing prison, in selecting, upon business principles,
a

member
much

very

of

the opposite party for his assistant.

has been heard hitherto of Mr.

what has been
the prison

to

is

—that

his credit

his

management of

having for many years
management, and hence ineffi-

institution

past been " political " in

—

and expensive attests his business capacity; and
honesty and freedom from partisanship are affirmed

cient
his

;

Not

Clark, but

terms by those who know him, some of
warmest supporters for the position he has now

in the strongest
his

obtained being Republicans.

The

special pertinence, to the canal question, of this

seemingly exeellent selection arises from the present
condition of the canals and from the fact that, the office
of Canal Commissioner having been abolished, the charge

of

them

May

falls to

last,

it

the Commissioner of Public Works.

In
be remembered, a large reduction in

will

was made, and the decline which followed immeboth in traffic 'and revenue, was urged as a
demonstration of the failure of the experiment, by the
vpho
high-toll men,
hold
that the
canal should
managed
simply
with the aim of yielding
ba
taxes of this pernicious character to the amount of some the State some revenue.
But, as we attempted
200 millions. Other reforms have since been introduced to show last summer, this decline is by no means a
from time to time, and the work seems to be carried conclusive demonstration. Granting, for argument's
forward a decided step in advance by Mr. Wood's bill. sake, that the only reason for reduction of the tolls was
tolls

diately,

This measure fully adopts the areneral policy of leaving the probability of an increased traffic sufficient to offset
tax-free the great majority of our own productive the effect of the reduction upon the receipts, and that
forces and of directing the taxation chiefiy upon those the canal carrying-trade h;n been suffering from the
parts of the economic and industrial system which can same causes which have affected other trade and net
best endure it. Without committing ourselves to all its from high tolls alone, it does not follow that the

we might

show that no tariff bill reduction has not worked a large effect in increasWays and Means for ing traffic, even though the actual volume of traffic has
many years past has been less open to the charge of declined. What the traffic and revenue without the
imposing burdens upon production, or of attacking reduction would have been is an unknown quantity in
those sensitive processes by which the nation accumu- the problem, but an important one, and it needs to be
lates wealth and develops the most potent elements of made known before the low-tolls experiment is conmaterial growth.
demned. It is true that in the four months following
specific details,

easily

presented to the Committee of

Finally, the bill has the merit of simplicity.
It the reduction, extending to the beginning of the
reduces the number of taxable articles to about five autumn, there was a decline of $295,800 in receipts; but
hundred; it changes the ad valorem duties to specific for the last four months of 1876, directly preceding the
duties, wherever the change can be made, and it will reduction, there was a decline of $142,623 as compared

reduce

the

$3,000,000 or

cost
less.

of
If

collection

from

we examine

its

$7,250,000

to

twenty-five sec-

tions in the light of the accepted canons of taxation,

It
with tho previous year.
has been declining by

traffic

railroads have lost

wo

is

all

further the fact that
routes,

more heavily than the

and that the
canals.

stall find that an evident effort has been made, and
Waiving this point, however, as one nearly impossible
not witho'it intelligent, broad views, to embody in this of determination because, while it is not easy to defi-

—

FsBBUAnv

2,

I'HE UiaiOJSlGlilv

1878.J

nitely ascertain

what have been the

resnlts of a given

course which has been followed, it is merely a matter of
opinion what the results would have been if that course
had not been taken but some other had been the prac-

—

tical

question

now

is,

what policy

shall be followed with

105

factor in the prosperity of the State,

warm advocate

How

and hence be

is

a

of their retention.

far the impreFsion mention<id actually operated

from the canal it is of course impossioverestimating its effect to that end is very

to divert freights

ble to say

;

regard to the canal. The toll-sheet of last year has natural to an earnest friend of the canal, under present
been adopted by the Canal Board and unanimously circumstances and yet it may have had some weight.
agreed to by the Senate comtaittee, with every prospect As to the value of the canal as a freight route henceforof ratification by the Legislature ; consequently, we ward, probably not even those who consider it no longer

have to consider the so-called experiment of low

tolls a

worth maintaining

call

in question its past

usefulness

coming season, and to act to the State, or impeach the reputation for sagacity of the
accordingly. In 1876 the revenues were a little over man who caused its construction the freight remains to be
$1,300,000; last year they fell to a little over $800,000; carried, at least in as great amount as ever, and if the
the Constitution stands in the way of a deficiency tax, canal is less important to the State than it was ten years
limiting expenditures in any year to the amount of the ago, the reason can be only that it has failed in comgross receipts of the previous one. The problem, there- petition with the rail, and is no longer necessary. Now
fore, is, how to get along with the latter amount this this is a very large question, and whoever assumes to
year; and while some do not hesitate to declare that settle it off-hand exhibits presumption more plainly than
the canal must go into bankruptcy unless the people knowledge; the question is one yet far from settlement,
consent to be taxed for its support, the chairman of and there is not a fact in the case, even the recent facts
the Senate canal committee thinks that it can be which does not, as it seems to us, bear at least as strongly
maintained for $500,000, and some of Mr. Clark's in favor of the water as of the rail, waiving entirely the
do the work for even question whether it would be wise to submit the traffic
friends are sure he can
lie has certainly an opportunity to distinguish of this State and port to dependence upon the one line
less.
himself by showing what can be done, and the past of rail which lies within the State. While the rail
management, during a period of inflated prices and facilities have grown in every respect, from track to equipthe long-uninterrupted power of a ring of plunderers, ment, and the cost of moving freight over it has been
cannot be taken as showing the minimum of expendi- gradually diminished, the canal, on the contrary, has
ture which may be sufficient when the canal passes been almost stationary, having had no considerable
under the control of a man who unites those rarities in enlargement in any respect; its width and depth, its
public office, business ability and stern honesty. If it is walls and locks, and its boats, remain nearly as formerly;
true, as some of the quidnuncs at Albany think they the locks,'which are practically a sort of stricture upon
perceive, that "the political significance" of Mr. Clark's traffic, and the old method of hauling, have set and still
appointment is that it is a " triumph " for Mr. Tilden, set a limit to carrying capacity. On the other hand,
then there is another reason for gratification so far as the while the railroad has been managed, in an extraordinary
latter gentleman is likely to be consulted by Mr. Clark, degree, with the shrewdness, energy, and foresight
or to influence him, or even to concern himself, in the which distinguish private enterprises from public ones,
management, because there is probably no man in the the opposite has been the fact with the canals; little
State so thoroughly familiar with and master of the honest and well-directed effort has been expended upon
subject of the canals as Mr. Tilden, who has made it a their improvement, and their maintenance has been
special study.
effected under one of the most astonishing systems of
It is well to note here a point just made by Ex-Gov. public robbery.
In a word, the rail has had ererything
Seymour, who also has made himself familiar with the done to equip it for competition; the water-way has had
canals.
He cites the fact that for the whole season of next to nothing, and has been barely kept from deter1877 the canal traffic showed an increase d£ 18,000,000 ioration. To undertake to give a verdict upon the
pounds over 1876, notwithstanding the decline in question of competition, would therefore in view of
receipts, while in rail freights there was no increase. these facts, be as presumptuous as it would be premaHe adds the suggestive statement that he has had an ture and unwise. The problem is yet to be worked out,
extensive correspondence with Western shippers and and the indications are that it is really only beginning.
merchants during the past season, and has found prevailTHE FREIGHT BATE IDlBROGLin.
ing among them a very general impression that the State
is about to abandon its canals altogether, and that they
The rumors of "cutting" freights to the West, which
consequently turned their thoughts from the canal to the have been floating about for some two weeks past, have
fixed

fact for at least the

;

being on the lookout for favorable arrangelatter, and neglecting to ship as much by
the canals as they otherwise would have done ; this erroneous impression he ascribes to the provision of the Conrailroads,

ments with the

taken definite shape so far as to direct the accusation of
bad faith and violations of compact, mainly against the
Grand Trunk and the Central railroads; and the special

meeting of the Chamber of Commerce on Wednesday
last, together with meetings of the trunk-lines officials
canals, which impression has been confirmed by numerous during the week, have put the matter into a shape so
articles in the Eastern press, written in the interest of nearly definite that a concise statement of the nature of
the railroads, and predicting as well as advocating the the present position of this seemingly endless "war" will
stitution authorizing the sale of the unprofitable lateral

abandonment of the canal as a relic of the past, no longer
serviceable.
Mr. Seymour has no doubt that this false
impression in the West had much to do in preventing
the actual increase in tonnage in 1876 from being yet
larger, and that the removal of it will be followed by a

much

be timely.
The " pooling " arrangement made last October provided for the maintenance of specific rates on freight
leaving New York, Boston, and Philadelphia, for
competing points in the West and Southwest, and,

greater increase this year ; ho is firm in the belief in the second place, for a Joint apportionment of freight
that the canals, particularly the Erie and Champlain, are to be carried, the agreement being that the " pool " comto be^hereafter, as^they^^havo^been ,heretofore,;ia prime miaaioner or arbitrator,' Mr. Albert Fink, should weekly

THE CHRONICLE.

lOB

order each road which had just been carrying more than
its proportion of any class of freight to retain enough of
that class during the following week to offset the excess,
the line or lines short of their proportion of such freight
being notified immediately to send for and forward the

goods thus held back.

The

similarity of this arrange-

[Vol.

XXVI.

" primage," so that 2,000 boxes of tin plate would cost
$320 89 to Chicago, $261 54 to Philadelphia or Baltimore, $111 11 to Boston, and $359 62 to New York;
after the present combination took effect, he added, the

promise was that through rates should not be less than
the sum of the full ocean rate and the full rail rate to

ment to the latest coal combination is quite noticeable. the interior, but soon after the advanced through rates
The ingenious plan of transfer, it is now said, worked had been announced it was found that by the Grand
well enough as between the trunk lines themselves, but Trunk, and, later, by way of Portland and New Orleans,
to the satisfaction of their northern connecmainly so because the Central and Erie, which
carried the larger part, diverted from their northern
connecting roads all the freight thus transferred to the
other members of the pool in pursuance of the equaliza-

not at

all

tions,

West at about the rates
which prevailed during the summer. This complaint,
as made first, we commented on at the time, ascribfreight could be carried to the

ing

the

trouble

to

the

labored

efforts

to

" build

up " Philadelphia and Baltimore as commercial cities,
tion.
The roads thus disturbed, desirous of retaliating and arguing that the Central and Erie, under the
in some way, took advantage of the omission of the circumstances, took the only course which lay open, and
agreement to provide for rates from local points along did not harm New York by making it the point of
the lines, and cut their own rates enough so as to make, debarkation for merchandise which would otherwise
when added to the local rate to the /' billing point," have gone by way of the other ports, but, on the other
a figure below the through rate from the nearest hand, not only saved to the steamship lines interested
terminal point. The Grand Trunk made such contracts their trade in some measure, but did what was most
that freight could and did go West in large quantities by likely to checkmate the rival roads. The form which
way of steamer from here to Portland, and thence by the complaint now takes as against the Grand Trunk,
rail; several Southern lines of vessels, to Charleston, Illinois Central and others, rather than against the New
Port Royal, and even New Orleans, cut into the compe- York roads is itself confirmatory of the view we took
Ocean freights, however, did not
tition on St. Louis freight; and the rates westward from of the matter then.
local stations on the Central were so reduced that goods form the burden of the meeting so much as domestic
could be shipped from this city to such a station and ones, and the meeting itself, from the circumstances
re-shipped at a saving.
and the language of the call, was clearly intended and
This is substantially the way the story is told, although understood as a remonstrance addressed to the Central,
it is beset with the usual contradictions, Mr. Vanderbilt whose representative present, Mr. Depew, expressed
himself flatly denying that his company has, "by its concurrence with the action proposed, and affirmed in
treatment of either local or through business, evaded in the most emphatic manner the community of interest
any manner its obligations or afforded the opportunity between the road and the metropolis. Being asked to
for it to be done," and saying that " it is impossible for explain the facts stated in a letter sent by a firm here
any shipper to send freight to any station on our line to the meeting, that they had just received orders from
and then re-ship it at an aggregate rate less than St. Louis to ship goods to Boston in care of " Merchants'
the through rate from New York." How much truth Dispatch" (meaning the Central), and that firms in
there is in the specific charges we do not undertake to western Massachusetts announce that they have arsay, for one diiEculty in this railroad warring is to ascer- ranged to ship to St. Louis at 60 cents, against $1"28
tain definitely any but the general facts.
On Wednes- from New York, Mr. Depew said that the line at the
day last, a special meeting of the Chamber of Commerce end makes the rate and the intermediate one must take
was held to consider the subject, in obedience to a call what it can get, the question being whether the Central
signed by a large number of the heaviest firms in the should drop the rates on nine-tenths of its business
sugar, tea, metal, dry-goods and other trades, which because it dropped on the one-tenth. The meeting took
averred that the Chicago merchant is charged by the no action, except to appoint a permanent committee of
trunk lines $1 per 100 pounds from here to Chicago for seven on railroad transportation, to inquire into the
a certain class of freight, while the same merchant "can whole subject.
ship the same goods over the same lines at V5 cents per
Few subjects are more difiicult than this to dispose of
100 pounds from Boston via New York, the lines bearing off-hand. It seems clear, however, that talking about
the expense of bringing the goods from Boston to New what the Central " owes " to the interests of this city
York, with the additional expense of transhipment in is wasting time, and that the subject needs to be put
There can be
this city;" upon this "basis of ascertained facts," the at once upon the plane of pure business.
call proposed the consideration of the question " whether no doubt of the sincerity of Mr. Vanderbilt's profesthe great railroad trunk lines which hold their charters sions of his appreciation of the city's interests, and his
from the Legislature of this State have the right to desire to further them, because as a manager who seeks
make rates which unjustly discriminate against the com- business success, and not out of generosity or local pride,
merce of this city and grossly injure its mercantile he cannot avoid thinking what he says. On the other
handjthe force'of competition, under the conditions hinted
interests."
of
At the meeting the expression
feeling was that the by Mr. Depew, is an element in the problem which cancauses of complaint are chiefly the special contracts now not be omitted and must not be forgotten, although
made with large shippers and the "unjust discrimina- there may be too large a notion jirevalent of the inde.
tions" made against this in favor of other cities. A pendence of the Central. Still further, it is undoubtedly
member of the largest importing firm in tin plates true that the road has been and is hampered by its
brought up the complaint of last summer, that while insufficient terminal facilities here; comparison with

—

—

from Liverpool to Chicago and some other Western competing ports in this respect instantly illustrates this,
.cities, on certain classes of goods, were 12 shillings and 6 and there has been quite too much disposition here to
pence per ton, to this city they were the same, with the rely upon natural advantages and the position already
rates

addition of an old charge of

10 per

cent

known

as

gained.

Feukuart

a,

THE OHRONICLR'

1878.]

Tho present

position

is

that the

accepted the proposition of

Jan.

...106)4
...ll!«X
...106H'

original trouble

is

employ all the carriers, as is strikingly shown by the
arrangement for putting them upon a pre-arranged
footing of equality, and dividing among them the business which is not enough for all, instead of letting each
take what falls to it in the ordinary course; practically,
however, each takes what it can get, and in the competition, which proves stronger than union, the successive
compacts have broken down. Until business can employ
all the roads more nearly to their full capacity, to suggest any sort of agreement which shall be strong
enough to stand the cross strains, seems, we will not say
hopeless

8..

.... 106)4
.... 106X

106V 103V IfBV

•-.

V

....

20....
21....
22....
23....

lf5V 108V
.106V 106 !4
.107V 107V 103V lOSV 109
.

.

.107
.lorji

107V 10)
107V ....
107V
103V
.10714 107V 103
....

106V ....
I05V 108V
105V 109V
103V 109)4

W5V

IC6V 102V 105)4
....

105)4

V

105V

I02V
Hlghe8t.I07)4 107V lOIV
Lowest.. 1C6V 1064 103V
Closing. lOoV 10«V lOiV

103V

.lOiV loov

OpenlnglOev

:;;:

tmx

mn

....
....

ms

in

107
107
103)4 105
.lOtiK lOflV 103
103V

lOflV
.lOiy,

.... >06Jt iosiiiMii"::;.
.... 108V
.... 106)4
....
108)4 las)^ ioi»
.... 106H losjt

!0'i» 105V 107)4 106)4 107)^ 106<[4 103» 108t4
103
105)4 101)^
.... 106!K 108)4 li»V lUBK
103
....
105)4
.... 106H 103<K
.... 1(«<K
108)4 1«»« 108)4 107X 107V 106)4 104)< 104
1C2)4
103
.... 106)4 104)4 10«V lOSX
103K iOSX
103
WH>i 109
.... 103V 103:)4 108V

106V 1C3V 105J4 106)4
lor.y. 103
....
11574
:i06jj 107)4 103>4 105V

10-2

lOfiV

106

105V
105V

•• 108
107« 108
107V
107)4 10 JV
107V 108
lOTV
S ...
107V lorv
107V lOS
106
108V
108V4 108V
108V

106

104

....
....

104
104

102V
lOlX

IM

101

10«X
....

..

.

106V 104
1()6!4 103V
106V 104V
104V
.'••'."
108)4
ia3V

lOOV 106V 108V 106V
••"
108
105V
103V 107V 107V lO-^V
•••• I07V 106V 105V
106V 10«V lOTV 105V
109)4 103V 108V K'OV
liJ«V lO^V lO'X 105V
103V lO'V 108V 105V

Date.

118V
ntff

105« lOSV 108v: 102)4
lOS'
102V4
108V
103)?
10«V 104V 104

COURSB OF GOLD IK JANnABT,

104
104

.

104V

103V lOlV

103V lOlV
103V 103 V ....
lOSV 10-3V •••
101

.

103)4 102

..

V

103)4 103J4 101
118)4
l(M)i 10»V I02V 119)<

103V 103V lOlV 118)4
119)4
103V 103V 102

1878.

Date.

I

respects the differences

ration or quarter, this course naturally leading to retal-

iatory blows which hurt all round and only retard tho

most desirable settlement, the revival of business.

Monday
Taei*day

Wednesday.
Thursday...
Friday
Saturday

Friday

102V 102V
102V 102V
1C2V 102V
102V 102V

102V
102V
102V
102V

Saturaity

Sunday

V

Monday

102)4 I02V I02V 102V
loav 102V 102V 102V
108V )02V 192V 108V

102V
102V
'•

:

101)4
1

lOlX
1

—

105)4
1

1876. 113
;i2v i!3v 113
1875. 112V 111V,113VlllSX
1874.
110V|I12V 111)4
1873. 112V lIl>illl4V 113V
1872. 1109 )i lasvi'.io.v 110
1871. IIOV iiov 112
llljf
1870. 120V li»V 123V 121V
1869. :31V 134V
13«V
183 )i 142V 140)4
1868. 133
1867. 132V 132V !37V 135V
1866.
13«V 144)4 139X
1865.j218V 197
«34V 210)4
1864.ll5I»i 151)4 159X 157
1863. 133V 135
160V 160)4

UOV

102V 102V

V

lliSV 102
lf.2V 102

IMS

102),-

102

102

101

lOlV

lom

V

H4V

21 lOlV lOIV lOlV lOlH
22 101
lOlV 101
101
.23 lOlV 101 ,)4 lOlVllOlV
lOiy
24 101)4 101 )t 1101

V

Tuesday
Wednesday..

25 101)4 lOlV 101V lotv
26 lOlV lOlV lOlV lOlJf
27
28 101
loiX
101
101

Tuesday
29,101V lOIV 102V
Wednesday.. .30'102V I02V 102)4
102V loav 102V 102V Thursday... .31 102V I01Vm02V
1878 I02v I0ivr-02V
102V !U2V 102V January,
loav 102V W2K 1C2V
1877. 107V 105V 107V

SO

Monday

REVIEW OF JANUARY.

102V
102V
102V
102V

14 102V 102V
15 lOi
loiv
..16 lOlV loiv
102
.17 102
18 102
lOlV
19 lOlV

Sunday
FlJiAJiCIAL

Holi day.

1

..

.

A

106K 106H
.... 106«

.106)4

and adjustipents, Mr.
Fink is to-day the formal manager of the associated Tnesrtay
Wednesday... 2
If he can settle the war into a permanent peace, Thureday
lines.
3
Friday
4
he will certainly do himself honor and the business com- Saturday
5
6
Sunday
munity a vast service. The best counsel which can be Uonday
7
Tuesday .... 8
given, however, is to cultivate a spirit of concession and Wednesday... 9
Thursday. ...10
avoid rushing off, under the universal pressure of hard Friday
11
Saturday ... .12
times, to charge the trouble upon some particular corpo- Sunday
13

hopeful.

.... 106)i

18.. .
19....

—because experience teaches much —but not very
As

....

106X 102S 106)4
•••
1(KX 106)<
100)4 loajj 1053

..106>< 106
..106H 106)4
..iOSit 106X
106X 106J<
106K 107)4
107

been to make an agreement, but to adhere to it. The 10
pooling arrangement which is now superseded by an II
U
absolute arbitration was designed to maintain rates and 13.
14....
to prevent future warring, but it seems to have done 15....
18....
The moral is easier to name than the remedy. 17....
neither.

The

1978.

nolldty

matters of difference to Mr. Fink as arbitrator. But,
this can be regarded only as a truce, not as a
course,
of
settlement, because tho sources of disagreement remain

the lack «f business enough to

or sotibxiumt ticvniTiu im jaucabt,

^-fls,188l-, ^^-20s, Oonpon-> ,— 10-40s-^ 5«,'81, ,-4)4>.'91-. 4s, g«,'99
reg. tcoap. '(6n. 1867. 1888. roK. conn. coop. reg. eoap. cou.
cor.

all

as before, and the continual difficulty hitherto has not

nuoM

OLosiNo

Grand Trunk has

other roads to submit

tJic

107

V
V

1

month of January just closed is not Batis- Thursday..
Since Jan 1, '78.1102V 101
V
1C2V 101)4
The number of mercantile failures throughout the
The following table will show the opening, highest, lowest and
country and the amount involved therein were large, and these,
together with the damper thrown upon business transactions by closing prices of railway and miscellaneous stocks at the New York
the silver discussion in Congress, contributed to make the month Stock Exchange during the months of December and January
retrospect for the

I

factory.

:

a rather gloomy one.

BANQI or STOCKS

The money market relaxed, as usual, after the first ten days of
the month, and during the last three weeks the city bank statements showed a material gain in their reserves, both in specie
and legal tenders.
There was no great demand for investment bonds, and government securities were irregular under the influence of the return
of bonds from abroad and the varying prospects of the silver
bill at Washington.
A marked inquiry was noticed for small
lots of government bonds from parties who had apparently become discouraged with savings banks as a place to put money.
Speculative stocks were inactive andj prices generally about
steady.

Gold

fell oft to

lOli and afterward advanced to 103i on the

for

6-90,

IIMO t« of

1867.

'

"
"

'
"

"
"
•
"
"
"

1

I

78
102

pref...

Chicago Burl. & Quincy 101 V
Chicago Mil. & St. Paul. 35V

do

do

pref.

Chicago &N»rthwest...

do
Chicago

& Rock

pref.
Island.

Cleve. Col. Cin &Ii.d...
Pittsburg, guar.

Cleve

&

Columb. Chic. * Iiid. C.
Del. Lack. .& Western.

MM

S «4»-l«
4 91 1-U
5 9i 7-16

I

New

12 3»
!8

M iis-ie'

16 B& 3-ltt
1« 95 :-16
IT

9&V
18 95X
1» 93 9-16

Money.

ms
10! X
•M%
107><

M

105'i ICSJf

'

lojx loss

'

Msmn

ma ma m

11

for

noil day..
Jan. SO
'
lesK 101 .S lOoX 103X
95 7-16

«
S....
7 91 ii-is
ioi"
8 9s 1-ia 105J4 107X ir6 ;io4
9 95 »-l< 1«»X i«)« 106X lo:^

10 93 &-1S

Consols U.S.
Date.

1881. *)i»

lOSX lira

106
106 It

106 J4

IS*

106H 104
106H 104H

IMH

do pref
Hanriibai

&

St.

.

lOlii

•

'
•
.

'
'
'

22
23
24
26
2«
27
jg
29

95X

lb67.

107
i07

96 6-16
95 1-16

I07X

J5X

107 1<

95 9-16

io;x

.

Lowest 94 7-16
106J4 108K X!06 104« Clodng 93»-]6
106H ioe« lOSK
81 (

ms

!0S« 10«)«
106X
IO«H 108\ 106
105

1»S1.

4X8.

8....
109
106X 1P5X
109
:06', I05X
109Ii 106!i 105)4
116)4 105)4
109 V4 'MH 105 )(
106)4 105X

mn mn

106 li
166!4

10i<4
94X
IM), Highest 95 n-16 lOIX

ilKJi ICSli *.06J<
106X 108l« 106 Ji lOlK

New

r*

96 11-16 107J4 109K I06!< lOSV
96 7-16 106^ 109
106H 104)4

80 9SK
81 93 9-16

Open.

of

5-20, 10-40 5s

108X 105
109V 105

104

107)4
10!IN

103 >i

IMX

mn
106« ma
107X IWW ma
lOS

106J4
I06J» 109!»

95 11-16 107H 109V 106 J<
7-16 105X 107 X 104)4

104X

. .

pref..

St. L.

T.

.ft

H

Og.

ML &
do

AN.

pref.

A San Francisco.
Union Pacific
Wabuh receipt*
St. L.

'Warren

.

33

35

61V
99V

62V

7214

100)4
39

61V
lOV

7V

8V
28V

3i)

74V

22V
IIV
24V
141V
71V

7)4

9

7

62V

64
41
65

69
5

16V

11

4V

.

do
do pf.
St. L. Iron
Sooth.
St. LonisKans. C.
do

66V

38V
6SV

50V
lOV

Saratoga. .95

db

37V

47V

125

Alton

103V

81)4
76
3

F.W.Jb Chic, gnar 92

Rome Watertown

102

3av

7iiV
4

IV

Panama

&

101

102V

23)4
147

& Texaa.

14V

7V
5V
SV

13)4

67

18X
13V
75V

18V

101

lOlV

40)4

17)4

7m

102V

9<IV
85)4
76

146V
72V

73)4

77
100

73 V
86)4

4

13V

75

78
103

12V

Pacific of Missouri
Pitta.

16V
12V

12

74
16

—January.
High. Low.

76V
lOOV

70V
85V
65V

Morris A Essex
75)4
New Jersey
New Jersey Southern.... 2
N. Y. Cent. & Uud. Rlv. 106V
NewTork Klevatfd
N. V. N. Haven & Uart. 166
Ohio A Mississippi
8V

Rensselaer

15V

HV

Ooen.

78)4
102

SS

Nashville..
Michigan Central

do

IfiV

12)4

&

Mn. Kansas

73

23

Illinois Central.

Clog.

73

28V

Kansas Paciflo
Lake Shore* Mich. So.

AKI) JANUABT.

73

.

Harlem

LonUvUle

Uieh. Low.

pref.

Joseph.

do

do

Contola 0.8.
Date.

"
"
"
"
"
"

13V

Altan

Erie

Foreign exchange was not active and the principal buyers were
the importers of United States bonds.
OLoaota PRioca of consols asd v. a. sbcuriths at loxdon ik jandaht.

"

New Jersey..

Chicago

.

silver vote in the House.

Jan.

Central of

do

DKOEMBEB

— December.

.

Railroad Stockai. Open.
All>any & Susquehanna. 73
Bur. C. Rao. & North..
I5V
.fc

IN

V

6
78,V

1^
40)4

78

8V
61

1«

26
141)4

74V
7,V
x6',V

8«V
72V
35V
68
100)4
38
73

3V
61

8V

U

12V
23V
142
74
7)4

61V

S9V
73V

i"

62

a
78

76

15SV xl6a

V

10
17)4

IV
125

93V
96

U

7V
16

IV

SV

S6K
82)<

lOOV

9.'K

38V

M

mi

78

70V

7»

SV
63V
10
22

12V
27
142

75V

6K
67V

4^

lOV
82V

llV
24*

141

141)f

78

753

7V

6V

63)4

69V

8J"

58V

8V

4

75V

75X

8V
71

IV

104V

xlfSV

76
15.)V

IX

11

91V

155V

8V
IV
91X

«
4
75
120

IV

75

16SV
7
14

16
194

7

a

12^^
92

156)4

iV^

1)4

119

87

87

96

4V
15

64K

22

106V

11

7V
4V

2V
50V

7V

iv

126

24
4

8V
46V

106)4

8)4
16

68

84

IN
IV

1«4
91
95

4V
16
8

68V

101
103)4
87){

61V

41

54V

'iv
104V

86

17
16J4

77)4

V

88
64

121

107)4

100
102

Clo(
75

7V
4V
28V
SW

4)4

1««

7V
4V

4K

ITV

89

6

*St

17X
8

J5J

nv
iV

a6v

4V

MV

nv
73

1
90)4

«V
64H

,.
4V

iOV
3V'

~

14V4

78

78

THE CHEONiCLK

108

— January.—
Low.

December.—

,

Low

Open. High.

Open. High.

Clos.

FOREIGN IMPORTS AT
Clos.

23>4

30%

93

23«

77)i

7»>i

21
75!i

21

Western Union Tt-l
Maryland Coal..Pennsylvania Coal
Mariposa L.&M
prf
do
Ontario Silver Mining..

&

ax

3>tf

Quicksilver

American Express
United States Express..
Wells Fargo Express
JBel. & Hud. Canal
Canton
New York Gas

it

i^H

86X

87?i

20

16)4

Hi

80

»-«

S8«

50
48
S7/.

50
48

120

120
850
75

126"

126'

United States Trust.... 350
Palace

75

350

860
75

60 days.
.4.82

a4

4.85!4@4. 86
4.8iJ4@4. 85 V4

82)4

.4.8IX®4,82
.4.81!4@4.83
.4.S1.«@4.88

"

4.84Ji®4 85H
S,

ISO
105

120
105

105

Total for the week.
Previously reported,, ..

»6.730,253

$5,406,869

$.5,641,431

19,0S;,884

23,291,

n5

17,441.061

$4,293,5:5
16,332,091

$27,700,984

$23,083,192

$20,636,666

@4 84;,an e4X

'•

"

@4 .84K,

4.81

®4.Sl'/2

Portheweek

103

Previously reported.

Since Jan.

14,231,915

1877,
85,535,160
16,851,592

tsts
$7,032,943
17,412,673

1

$16,744,402

$19,902,5*1

$22,389,752

$21,475,621

1873.

84J£@4.f5!<

.Ian.

S4J,i@4,65>i

Jan.
Jan.
Jan.

845i'?i4'.86Vi

4.83>i@4.81

Total since Jan.
1877
1876
1875
1874
1878;;
1872

Nsmt

3ti,990

48,000
90,000
160,000

1,

*3!6

7.''0

1,049,859

1878

fl.:.!:0,C09

Same time in—

Same time In—

Jtateat Jllonetarg anii (Eommercial tSugtisi)

4,650
1,200
2,010

m

Total for the week
Previously reported

84'/.fai4.85

$4,000

Araer, silver coin.
22— Scbr. Carrie Saunders,,. Jeremie, Hayti...Amer. gold coin.
Liverpool
Amer. silver hars
S.i— Str. Scythia
Loiidon
Amer. silver bars
21- Str. Cimbria
r. silver bars
Liverpool ..
26 - Str, Germanic
Southampton
Amer. silver bars
26— Str. Mosel

Tan.

845c@4.85)i

@4.8S

Porto C;ibello....Amer. gold coin..
St. Johns, P. R. Mex. doubloons..

Jan. 19-Str. Hadji
Jan. 19- Str. Uadji

m\m 84X

3D,.4.82i4(a4.88
81..4.8i>!)®4 S3

Range. ,,4.81

4.83)f@4 64
4 83>^@4 84

81j4@4.31>i

$5,60,728

Thefollowintf will show the exports of specie from the port of
New York for the week ending Jan. 36. 1878, and also a comp^ri^on of th« total since Jan. 1, 1878, with the corresponding
totals for several previous years

a4.PlX 4.F3!<@4 84 ii

,4.Sl!tf®4.8l;i

1875.
$3,611,4:2
13.132,930

...

:

4.84X®4
4.84

iso"

S35ii@4.S4>4
63X«t>4 84«

4.S4}i®4 .85H
4.S434@4 85 ii
4. 84

EXPORTS FROM NEW TORK FOB THE WEEK.

83!ia4.84>^

,4.81>4@4.82

@4.81>^

$25,833,137

1

1878
$1,504,920
2,793,655

1877.

Jan. 29:

20..

.4.81>4@4.82

.4

$1,72.5,163
3.91ti,2d8

833i
50

3 days.

" 24.. 4. 811/4^4.82

&i.M>4

48J4
47

,83J<®4.8t«
S3Jf@4.84«

" 25..4.8-2><@4.83
" 26..4.82>t®4.83
" 27
..S
" 28..4.82!4(a4
" 29..4.82!404.83

63

31«

17k

4.84'-i®4 85y,

.4.31
.4,81

187B.
$I,»S5,175
3,421,694

$3,(i«2,042

In our report of tbe dry goods trade will be found the imports
of dry goods for one week later.
The following is a statement of the exports (excluftive of specie)
from the port of New York to foreign ports for the week ending

1678,

4.81H(a4.88

.4.81
.4.81

3,688,211

Since Jan,

10O.!<

45

" 21..4.S1«®4.82
" 2-2..4.8154@4.S2
" 83..4.8H«@4.82

85X

4.8(5<«i4,

iJi
81
16

i6

60 davs.
Jan. 18..4.81>i(a4.82
•'
19..4.81;<@4.82

3 days,

Holiday

1

l>i

82^

5i%

BANKERS' eTEBLmO EXCHANOE rOB JAKUABT,
Jan,

9H
'i"

50
48
87Ji

126"

'

Union Trust

9!4

30
15>i
30
98
4714

31
100>i

53X
20

19J4

77

31
16

31

20

19(4

75)i

IX
30X

45

20

9X

9>4

23

21

'iU

SOH

S8JC
51

SOX

2
254

2X
17H

20X
78X

150"

25)4
16
28

SOJt'

16
33>i
97
495^
47
87
47

pref

"•S'A

2

4^
i6^

23 Ji

23
2154

145"

150"'

M5

Adams Express

FuUman

(ieneral merchandise...

Drygoods....

Pacific Mail
Paci.nc Tel...
Atlantic

XXVI,

NEW YOaK FOB THE WEEK.

187.5.

mscellaneouB.

do

[Vol.

$971,491

1871

1,366.059

1870
1869
1868
1867
1866

9,804..323

2,660.508
7.402,7,32

!

$3,405521
2,9Si,e9a
3,2'.4.379
7,149,3,31
a 190.cO9
2,!>2;,804

Bnsllsb ITIarliet Reportii— Per Cable.
1,540,301
The dftily closing qaotatioas in the markets of London and Liver
The Imports of specie at this port during the same periods have
pool for the past week have been reported by cable, aa shown in been as follows
Amer. silver
$1,200
Aguadilla
Jan 22—Brii' Julia Bliike
the following summarr
Amer. silver.
Jan. 21— Sir. City nf Vera Cruz.. Havana
Amer. silver.
133
London Money and Stock 3farket. The directors of the Bank Jan. 21— Str. Saratoga
Havana

—

of England, at their meeting on Thursday, fixed the
The bullion in tbe
rate of discount at 3 per cent.

Foreign gold

minimum

Jan.

Bank has

Thnr.

M

.

Mew4>i8

104!

lOlX

lOSJi

ll)5"4

Hon.

sat.
8. d.
«bbl i:i 6
Flonr (extra State)
Wheat (B. W. spring).* ctl 10 3
" (Red winter)
" 11 3
" (Av. Cal. white).. " 12 7
"
(C.White club)... " 12 10
qnar. 23
Corn (new W. mix.)
Quarter. 36 6
Peas (Canadian)

8.

d

8.

29
10

6

29
10

11

U

28

12
13
28

3
li 7
12 10

W

V

36

Liverpool Provisions Market.
d.

Beef (prime mese)

^> tc.

Pork (W't. mess)....
Bacon(l'gcl. m.)

...

. .

^ bbl
^cwi

8.

84
66
3:

4a 9
Lard (American) ... "
61
Cheese (Am. an el ... "
Liverpool Produce Market.

—

83
5S
30
40
61

8.

"

.

(fine)

^cwt.,
"

PelrolBUui(re8ned)

d.
6

LlnBMc'ke(obli.Tii

Uaseed

ii

.

Whale

oil..

.V ton 26

5

83
t5
30
40
64

6
6

8.

d.

5
10

6

8,

8)
55
30
40
64

6
6

Wed.

Tnor,
8,

5
10

10

low

7X

7Jf
6
6

7a

7Ji
6

40
25

6
6

40
25

40
25

6
6

S3
55
bO
40
64

6
B

8. d.
i 6

d.
6

Feb,

d,

(I

6
6

frl,
8.

5
10

Id/,
7)1
40 6
40
S5
25

d.

6

n

lox

7X
6

£.

s.

d.

10

43
23
'IB

U

10

26

6

£

8.

9

10
43

23
75 10
35
26

d.

Wed.
£ 8. d. £

9
6 .J

10

48

23
75 10
35
26

8.

d.

IS

ii
75 10
35

25 10

8.

d.

9 10

9 10
6

£

6

48

C

S3
75 10
35
23 10

©ommerctal anb Jlttscellamou© Ncujs.
IMPOBTS Ann KxPORTS FOR THB Wbbk.— The imnorts last
week showed an iucrease in dry );ood8 and a decrease in general
Tlie total imports were $4,298,575, aKainet
!|5,111,531 the preceding week and f6,342,7(57 two weeks previous.
The exports for the week ended Jan. 29 amounted to

merchandise.

$7,033,948, againet t5,86G,963 last week and t5,0i)8,167 the previous week. The exports of cotton for the week endinjy Jan. 30

Were 6,50G

'ales, against 8,072 bales the week before. The tollowinjr are tbe imports at
York tor week endinir (for dry
goods) Jan. 24 and for the week ending (for (genera) merebandise) Jan. 25:

New

....

Customs.

1...

week

$.91,174
8,030,038
600.794
132,616
155,514

1868
181.7

Sub-Treasury have been

at the

-Receipts
Currency,
Gold.

.126.000

$620,497 93
730,611 02

357,000
117,000
9)9,000
137,000

1,062,252
123,452
211,387
870,07J

$163,000

31..

c,

182,322
91.712
116.939

1871
1870
1869

lO'i.189

30,.

Krl.

d.

Same time i

..

Jan.

27
37

Thnr,

d.

*f'?^?
666,664

The transactions for the
as follows:

11
12
12

9

220

$675,60}
81,246,726
3f8,210

6
10

28
3T

lOX

."5

oil.

n

lOX

9

43 6

8ngar(No.l2 D'ch 8td)
onspot, ficwi
23
Bpermoil
Stun. .75 11
Linseed

8.

Tnes.

d.

Mon,
d.

9 10

(Cal.) 1? cuiar,

3
5
9

d.
6
5
3
11
12 5

Oil Markets.

Sat,
8.

8.

11
12
13

Fri.
8.
d,

29
10

Wed.

d.

105«
104X

8.

IGH

Tallow(primeCity)..» cwt. 40
" 25
Splrit» turpentine

£

8

10

''

London Produce and

9

d.
6
5

23
37

8!
£5
ao
40
64

5

10

?t ?»'•

(spirits)

'

.^

5
9

a.

6

29
10

8.

Tnes.

d.

Mon.

Sat.

Rosin (common)..

d.
6
5
3

37

6

—

Mon.

Sat.
8.

5

109)^

Thnr.

6,S85

1, 1878.

same tune in—
1877
1876
1875
1874
187S
1872

cotton,

Wed.

Tues.

Total since Jan.

lOfiJi

w.y.

— Hee special report of
Market. —

Liverpool Cotton Markit.
Liverpool Breadstufa

Prl.
95 13-16
95 13-16

95 9-16
95 9-16
IO614
10914
105

.

Amer. gold...

Total for the week
Previously reported

increased £154,000 during the week.
Bat.
Hod.
Taes.
Wed.
11-16 95 7-16 93Ji
OoSBOlB for money. 95 9-13
" account.. 16 9-16 93 11-16 95X
93>i
lO^^'^
lo7V
106!^
0.8.6« (5-208) 1867.. ..lit X
5109
ima
%,W..%
D. 8.10-40S
108Ji
in6«
101,14
105
68 of 1881
106X

Aux Cayes

26— Str. Atlas

19
19
66
84

8550,140 34
2,018,516 87
967,931 15
662,449 70
658,169 64
330,866 79

Payments.

.

.

Currency.

Gold.
$411,781 62
725,521 70
561,791 14
408,463 75
406,665 70
335,1132 08

$660,475 38
2,412,801 04
770,7117 79
591,730 35
46 ,991 63
556,253 03

$1,309,000 $3,633,173 83 $5,183,074 49 $2,849,265 99 $5,156,972 42
Total
102,138,074 96 35,874,660 38
Balance, Jan, 25
103,226,932 60 35,605,806 25
Balance. Feb. 1

The Coal Combination.— At the meeting of the Board of
Control on the 25th instant, in Philadelpbia, there were present
Thomas Dickson. Franklin B. Gowen, Samuel Sloan, George A,
Hoyt and A. J. Casaatt, Isaac J. Wistar, Francis S. Lathrop, E. W.
Clark, Dr. Linderiiian, E. P. Wilbur and John E. Grat-ff.
The quotas for the first three months of tUe year were settled,
and the banks for the deposit of the penalties named. The following is the substance of the articles of association of the Anthracite Board of Control adopted for the year 1878:
i?'irs/— That a board of control be established composed of a repre?entaiive
of the seven companies signing the agreement. The board shall meet as tften
as necessary, and shall e'ect a Pre-ident, Secretary and Tre.isurer. The num-

ber of votes cast shall always le in proportion to the percentage of annual
production all. wed to £ach (-onipany, so that the full vote shall not exceed
An expert accountant is to be ajipointed to receive the reports of the
100.
difl'erent interests.
..
j v
,_
„ ,
Secand-'The entire snnual production of coal fhall be apportioned by amicable agreement. All the coal shipued to the Pacific roast or to any forelgij
country other than the West India Isands or the Dominion cf Canada shall
interest shipnot be iLcluded in the all jtment or chargeable as such to he
,

1

,

7%lrd—M the ^eginning nf each season the yearly quota of each interest
desire, subshall be divided into such monthly quantities as said interest may
i^ct to the gene al approval of the Board of Control.
Fourth— Each interest shall have the right to sell it8 quota in any manner
It is recommended, with a viiw cf preserving harmony,
or at any price.
thereby
that the agents of the difte'eiit coal companies sliall occujiyone room,
constituting a coal exchange,
,.
.
,
„
,
.^ . 1
fifth— Each interest shall pay weekly to the credit of the Board of Control
of
15 c-nts for each ton of coal pr.iduced. This is to constitute a fund, oat
which the prescribed penalties of $1 25 shall he paid for every ton shipped in
accumulaAll
deflcicnt.
quotas
are
whose
those
qu'ita-.
to
monthly
excess of
parties
tions after payment of penalties iucurr. d to be returned to the proper
of 15 cents per ton,
at the end of every three months. In lien of ihe payment
any Interest may at its option furnish such securities as may be satisfactory
to the bi.ard.

.,

,

.-

,

5ix(A— Provision is made for Ihe disadvantages of strikes to each particular
company, so that any intcres-t suffering thereby, and not having received any
time,
pen. Ities for the amount of its deficiency daring said strike may, at any
make up the said dcHclency of tonnage.
of
coal
classes
5«i«n(A-Bachinterostsh»ll be chargeable with the several
specially enumera'cd. Thy Lehigh Valley Interest shall be reaponelble for all

F«BRUART

CHRONICLE

TEIB

a, 1878.]

A

coal delWrrcd by Iho Lohlnh liallroad to Ihe LehlgU Coal
Navlgatloa Companv for trnnflpor.ailon by eaiial.
Ki/jMh—TUn allotiiient for the year 1878 Is preacrlb«d. tbo fli;area of which
bavu already broii uivun.-

Peoria
the

& Rork Island.—Tiie

following statement is made of
road for the period of the receivership, from
1875, to November 30. 1877:

earniiiK-A of this

February

1,

Orou) earnings

Expenie*

1876.

Pall year.
$325. 'M8
a5»,877

106,05T

Net earnings

18-7.

l87.^.

11 mootha.
$31'l,5i7

$108,469

11

months.

$».S,1«0
190,043
$i:j,n97

$65,389

Total.
$0)9.934
868.977

$385,956

—

Trunk Line Uullroad

Frelgrhts. The meeting of presideats
or reprfseDtativts of the trunk railroads was hfld in New Yorli

wetk. A long lime was consumed in the effort to bring
about an uoderstandiug and ngreomeiit between tlie Grand Trunk
Kaihvayof (Janadi aa 1 ilia lJ).-*toa & Albany lliilroad, and to
reeetabligh some of the relations entered into in October last
between the Western railroads. The proposition submitted bv
Mr. llicksou, of tbe Grand Trunk, for the settlement ol the dispute between ilie Grand Trunk and the Boston & Albany Ruilroad, was taken up, and Mr. Bliss, general manager of the Boaton & Albany road, opposed a settlement on the basis of the business transacted in 1877, but expressed his willingness to leave
the matter entirely in the hands of Mr. Fink as arbitrator. This
was eventually adopted, and a dispatch was sent to Mr. Ilickson,
of the Grand Trunk, January 30, proposing, with his assent, to
sabmit all matters of difTerenco to Mr. Fink as an arbitrator,
without any reservation as to any basis heretofore insisted upon
by either company
Rates to be restored ou the lat of February,
and until the award is made all companies to maintain ratej
under tlie direction of Mr. Fink the r^tes to be the same from
New York, Boston, and New England points the award of the
arbitrator, when made, to take eriect on the Ist of February.
To
which proposal the following answer was received
this

;

;

:

HoNTRRAL, January

We
may

30. 1878.

accept the proposals, and sympathize with your desire that tbe result
be a permanent settlement of tbe questions in dispute.
J. Hiokson.

As to west-bound freights, the Times report of the meeting
"There was some cousideration of the expediency of reducing freight rates on weat-bound traffic, and it was decided
that a reduction would be m-ide in the course of two or three
weeks. The west-bound buainess having been disposed of, the
«B8t-bonad business was taken up, with a view to harmonizing
the cotrflict between the Western roads. Commissioner Guilford
presented his statement of the condition of things in the West,
where he reported that he had been unable to enforce the pro
visions of the compact. After an amicable discussion, it was
decided to adopt a plan somewhat different from the old one.
The general Kcope of the plan is to place greater power in the
bands of the trunk lines, whi-^h are herealter to act aa one,
through Commissioner Fink, who will receive from Commissioner
Guilford all complaints against offending roads, and direct how
chastisement i-hall be meted out. The Grand Trunk is to be
considered as one of the parties in interest, and is to be consulted
says:

whenever

jiint action or any action affecting their interests
be taken. The General Manager of that corporation has
expressed himself favorable to the adoption of equitable arranguments, and it is believed that it will join in the plan adopted
last night.
If it should refuse to abide by the decision of the
trunk lines and persist in making independent rates, the trunk
lines will meet the rates made by the Canadian road. No definite
time was fixed for the new plan to go into effect."
is to

—

Talley, of Yirginia. At the recent annual meeting it was
resolved to issue $3,000,000 in bonds, provided the resolution
should be approved by the Finance Commissioners of the city of
Baltimore, which holds |1, 000.000 of the stock.
The Finance
Commissioners have decided not to approve the issue, believing
that circumstances at present are not favorable.

Wilmington & Northern.— The

Circuit Court of thfl United
States for the Eastern District of Pennsylvania has recently rendered a decision in the case of Peter Kemble vs. the Wilmington
& Northern Railroad. The first mortgage bondholders of tlie

Wiliningion & Heading Railroad foreclosed their mortgage and
appointed a committee to buy the road and reorganize a new
company under the act of Assembly of 1801. The new company

was

after

reorganization to issue to the old bondholders new
bonds secured by mortgage on the new company's pronertv.
Alter the reorganization as tbe Wilmington &
Northern Railroai
Confpany and the issuance of stock as required by law, Peter
Kemble, a stockholder, filed a bill for an injunction to restrain
the company from creating the mortgage and issuing the bond.^.
on tUe ground that there was no consideration given for the bon(!s.
The Court— Judges McKennan and Cadwallader— decreed the
Injuiiction. on the ground that the act
of 1801 only authorized the
purchasers to receive stock for their interests in the
new corporation, and that no mortgage bonds
could be issued under that act
except "for a new and adequate consideration,
which would go
to increase the available funds of the
company." The form of
reorganization in the case of the Wilmington
& Northern Railroad has been the one generally in use in Pennsylvania
for fifteen
years, and quite a number of existing
railroad companies have

organiz-d under

it.
The Oil Creek & Allegheny River Railway Lompany was sold out and reorganized as the Pittsburg
lituBvUle & Buffalo Railroad Company, and
it is sUted that the

present Pittsburg Tilusvllle &
Buffalo sevens were issued under
?° «"anffement as the court has decreed against in
^S*
the W-,
Wilmington & Northern Railroad case.

Wilmington & Reading Branch,—Tlie Beading brandi

of

]09

the Wilmington & Heading Railroad, extending from
Birdsb'TO to Poplar Neck, in Bucks county, was sold In Philadelphia
this week for $6,000.
The sale was made on the suit of F. B.
Sampson vs. Geo. Richardson and others, in the United Statea
Circuit Court for the Ei?tern District of Pennsylvania, and
clear
of all incu'iibrancea subsequent to the lien of a mortgage
dated

—Mr. Frederick Taylor has been elected cashier, and Mr.
Frederick Butterfield a director of the Coniineniul National
Bank. Mr. ButterGeld is well known as a highly successful
merchant, and Mr. Frederick Taylor has been for many yesm
the partner in the firm of Frederick Hutterfieh! & Co., who
especially attended to its financial business.
Each of these
gentiemen will add greatly to the business and infiuence of the
Continental Bank, whose staff now exhibits a strong list of active
officers.

—Messrs. Lehman Brothers, 133 Pearl street. New York, the
prnminent cottin commission house, are the financial agents of
the city of Montgomery, Ala., and are paying interest on the new
bonds of that city falling due in January, 1878, both those issued
in exchange for railroad bonds and those in exchange for markethouse bonds. They are also agents for the exchange of markethouse bonds.

—

The statement o' the Liverpool & London & Globe Insurance
Company to Jan. 1, 1878, which will be found in another column,
is eloquent in a few figure.'.
The fire assets of the company are
$7,963.44.5 and Its total liabilities $2,841,420.
The United States
branch reports assets of $3,959,901; liabilities of $2,191,769;
surplus, $1,768,131.
The total income in 1877 was $2,713,059;
total expenditure, $1,603,916
surplus income, $1,109,143.
;

—The

coupons of the Dakota Southern Railroad Company's
first mortgage 7 per cent bonds, maturing February 1, 1878, will
be paid on and after that date at the Metropolitan National Bank,
in New York.

—

The old New York Mutual (.Marine) Insurance Company
issues its annual statement for 1878, showing total receipts from
premiums in 1877, $293,435 ; losses and expenses and retui;ped
premiums, $186,196. The company pays 6 per cent Interest on its
outstanding scrip. The New York Mutual, under the presidency
Mr. John H. Lyell, and vice-presidency of Mr. Bleecker, is
known as one of the most conservatively managed of our marine
companies.
of

—

New

The Merchants' Bank
now with the well-known

of Canada, whose
firm of Jesup, Paton

amou;; the best offered in

New

York agency la
Co., draw bills
on the branch of tbe Clydesdale Banking Company in London.
The acceptances of tbe Clydesdale Banking Company will rank as
prime in this market, and place the bills of the Merch'ants' Bank

&

Y'ork.

—The statement of

the Home Fire Insurance Company should
have been noticed in the ChkONICLB of January 26. The exhibit
the
of
company on the first of January, 1878, must be exceedingly
gratifying to Its stockholders, showing aa it does the large net
surplus of $1,016,703 over and above its capital of $3,000,000, and
a reserve fund lor re-insurance of $1,836,432.
The management
of the Home recovering directly from the great Chicago and
Boston fires, and getting so soon to its present strong position
is entitled to be considered most able and vigorous.

—

—

Messrs. Fisk & Hatch, as will be seen by their card on
another page, propose to offer their services to all parties desiring
to take new 4 per cent United States bonds. We see every reason
to suppose that parties will find it much more convenient, and in
the end more profitable to buy through this reliable firm than to
attempt to deal directly with the Treasury.

—Messrs.

A. H. Muller

&

Son sold the following at auction:

SHARES.

SBARCS.

& Iron

100 Cumberland Coal
•MO Maryland Coal Co
4(J B'k of Stitc of N.

aOMech.

&

Y

SO North River Bank
10) Warren KU. Co
60 Ix>rillard Ins

Co.. 10

8V
...llOcaiOSJi

Traders' Ins
ISJH
1(10 National Fire Ins
1084
Lorillard
Ins
lOil
9i
ta Broad wiiy & 7tb At. KR.7i>i@Tl\'
ISSun Muiuiil Ins
80
38 Citizens' Gielight of B'klyn.. 88
lOCiiiiton Firo Ins
IH6X
.34M.trop. Nut. Bank... 129X@128X
140 Mech. Nat. Bank
130
84 Gallatin Nat. Biuk
Ul^
Nat. Butch & Drovers' B'k 8j®90
166 Erie RR. Co. (pref.)
il)i

*

*

&

—Messrs. A. H. Nicolay

& Co.

tU RES.
60 Nat.

ParkBink

VOii

.me Fire Ins
IMH
& Traders' Nat. Bank .110^
15 Continental Nat. Bank
77)^
60 Batchers' Ji Drovers' National
lOCeiOOJi
Bank
10 II

40

Moch

nv

SOJS
34 North River Ins
40 Globe Fire Ins
19C^
3 Man'pal Qasiijiht Co. of N.T.IOO.)*

•Wl<

B0NO.-I.

$10,000 ConsnI. Coal Co. 1st mort.

6sof 18!r7
5.000 Houstou

&

TO

Texas Cent.

Rtt. 1st mort. main line 78,
gold. dUB 1811
5.001 Ridij fleld Park RR. 1st

M

14 Home Ina
108X
6 N. Y. QaslightCo.. $IOOeach.U5
41 Continental Nat. Baok
7i%
lOUHinov.r Firelns
186Jt
KK) Greenwich Ins
865
13.5 Firemen'i* Fund Ins
50
..
5U Hanover Fire Ins
188
Traders' Ine
«IMcch.
180
29 Home Ins
103X
40 Farrogut Fire Ins
ISO
Drovers' B'k.. 87
88 Nat. Hutch.
ai l.nng Island las
160)(
64 Home ln«
ICSaire
»0 Hank of the Manhattan Co.. .140!^
40 .Mech.
Traders' Nat. B'k...WX
100 Bank of the Metropolis
89X

63

86X

mort. bonds
10
3,000 id Av. RR. consoL conv.
ninrt. 7s, dae IHS8
93
S,(03 City of Ciiicln. 7 3-10 per
cent bonds, due VXt, lOOH

and Int.
£200 sterling Ohio

&

Miss.

RR.

1st mort. bond.
dated 1867, rsdeemable 1898,
wlih coupon doe July, 1877,
attached
90
tl2,0OO Arkansas StateSs, funded
debt bonds
Mft96X
7,000 Arkaniaa State 7s, levea

consol.

bonds
;

«,000

Chic

mort.

&

7s,

Can. So.

sold the following

HR

^H
l(t

IHC

gold

:

BOWUC.
CIO.OOO Ind. Blo< m'^:on A Wstt
m.rt.:s
Id
ITH
RK.
S8,C0a Momclair & Greenwood

Lake RR. 1st mort 7s, con47
st rurtlon b<'n'l10,00O(itv of Cincinnati, Ohio,
90
(per cent gold bonds

THE CHRONlCLk

110

No

[Vol. XXVI.

bonds with tlie silver possibilities, rather than savings banks
with their uncertainties.
On the 20th, Secretarv Sherman
reported tJiat subscriptions for $2,000,000 had been made to the
National Banks organized during

tlie

past week.

4 per cent loan.
Closing prices at the Board have been as follows

DIVIDENDS.
The following dlvidende have recently been annoanced
Pub

Name op Company.

:

When

Books Closed.

Cent. Payable. (Days inclusive.)

Railroads.
Connecticat

&

a

Middlesex Central
New York, Providence & Boston (quar.)
INorth Pennsylvania (in scrip)

$3

•m
2

& New Loudon

3X
10

Baubs.

Feb.
Feb.
Feb.
Feb.
Feb.
Feb.
Feb.

5
3

Feb.
Feb.
Feb.

4

Feb.

1

Feb.
Feb.

4

St. Nicliolas

Tlie

11.

25.

Feb. 4 loFeb.
Feb. 2 to Feb.

11.
9..

2

(qiiar.)

Feb.

1 to

Feb.

3..

is!

Wall

street has been largely concentrated on Wasliand the iKospeots of the ultimate passage of the
Bland silver bill over the President's veto. In the meantime,
corporations are afraid to buy government securities
insur.ance
companies and savings banks are afraid to make loans on mortgage and all parties hesitate to lend money on any sort of time
obligation, payable a year or more hence in dollars, for fear that
the value of the dollar may be changed before the obligation
affairs,

;

;

matures. The important event of the week was the passage of
the Stanley Silver resolution in the House of Representatives,
and the consequent sales of, and sharp decline in, government

bonds here, and the

gold to 102i.
Our local money market continues to work quite easily, and
on government collaterals the rate for call loans is 4 per cent,
and on stock collaterals 5@G per cent. Prime commercial paper
rise in

Bells readily at 5 to 6J

per cent for really choice grades.
The Bank of England on Thursday showed a gain of £154,000
in specie for the week, and the discount rate was reduced to 2
per cent. The Bank of France lost 9,100,000 francs in specie.

The last statement of the New York City Clearing-House
banks, issued January 26, showed an increase of |1, 458,275, in the
excess above their 25 per cent legal reserve, the whole of such
excess being |15,632,000, against $14,173,725 the previous week.
The following table shows the changes from the previous
week and a comparison with the two preceding years
:

-1878.

Jan.

1877.

Jan. 26.

19.

Loans and dia.

8236,931,300 82.38, «4,aO0
Bpecie
28,477,500
30.193,600
Circiilatlon . .
19,841,800
19,793,160
Net deposits.. 205,972,.300 207,171.200
Ii^al tenders,
37,189,300
37,231,200
.

The statement

1876.

Differences.
Jan. 27.
Jan. 29.
Inc..Jl,4i3,100 8253,156,100 8262,207,080
Inc.. 1,716,100
40,187,000
22,481,700
Dec.
43,700
15,495,900
17,757,300
Inc.. 1,198,900 230,625,61X1 220,023,900
Inc..
41,900
42,851,200
48,030,000

of the Comptroller of the Currency, February 1,

1878, has the following

:

National banit notes ontstanding when act of June
passed ....
Increase from Jane 30, 1871, to January 14, 1875

20, 1874,

was

30.

Jan.

.

coup..Mar.&Sept. 108%

5s, 10-408

The range

1,967,563

in prices since Jan.

bonds outstandiner Jan.

14, 1875, to

date

Greenbacks retired under act of January
Greenbacks outstanding at date

14, 1875

31,213,760

$320,647,090
$32,889,576
849,110,424

United States Bonds—The principal feature of the week was
the sharp decline in bonds on the heavy siles which were made
after the silver resolution passed the House.
These sales were
made in large part by the bankers having foreign connections, and
were supposed to be against purchases made at the same time
abroad. It is possible, however, that a good part of the sales
were purely gpe ulative or "short" sales, an 1 that no bonds were
Bimultaueously purchased a?sinst them in the foreign markets.
A recent is^ue of the Daily Bulletin thua referred to the matter: "The London market f r bonis was unchanged; there la a
profit of |@| per cent in importing them and the amount imported is apparently only restricted by the borrowing faci ities
of this market.
Tin operation is this: the bonds are bought iil
London by cable and sold here the same day; they do not°arrive
for ten days to two weeks; in the meantime, the sellers here
hwe to borrow them to deliver, and continuj borrowers from
day to day until the London shipment arrives here; the trouble
now is that bonds enough cannot be borrowed in this market to
anywhere near thi amount that the bonds can be obtained in
London for sale hero." Prices declined sharply, but have since
made a partial recovery. There is still a good demand from old
savings bank^depositors, who have resolve 1 to trust governme.it

*106«

108M *106Ji
'lOSJi *102;i
103% 103
105>^ *105X
105;'i
lOiiy,

105%
*i08%

1878,

1, 1878,

»108Jtf

m%

103

my,

'.

I'

and the amount of each
were as follows:

—

^Range siuce Jan. 1, 1878- ^- Amount
Lowest.
Highest.
Registered
coup. 106V4 Jan.
107;4 Jan.
$194,024,500
new. .coup. 102% Jan.
10314 Jan.
47,046,950
coup. 105% Jan.
106
Jan.
98,537,400
coup. 106X Jan.
1091^ Jan.
15,750,600
69, lO^Os
coup. 107% Jan.
108»4 Jan
142,552,750
6e, funded, 1881
coup. 104% Feb.
106% Jan.
221,2.38.300
4^8. 1891
ooup. 10314 Jan.
118,474.i0O
lOlJf Jan.
4«, 1907
coup. 101 ij Jan.
61,044,400
102=i Jan.
69, Currency, 1899.... reg. nsy, Jan.
64,6M,612
81119X Jan.
«e, 1881
6s, 5-20S, 1865,
68, 5-208, 1867
69, 5-808, 1868

Jan.

1.

—

Coupon.

88.711,850
1)9,856,400

212,029,800
21,714,800
62,013,650
287,202,050
81,525,800
13,855,600

Closing prices of securities in London have been as follows:

D. S. 68, 5-209. 1867
U. S. 59. 10-40S
58 of 1881
New 414 per cents

Jan.

Jan.

18,

25.

Feb. ir-Range since Jan. 1, 1878.-,
1.
Lowest.
Highest.
1

106%
108«

107%

106%

10514

10,5%
104 3i

i06a

in.'si/

104)i

105J4-.

104%

Jan.

107J< Jan. 23

2

107% Jan. 2 10954 Jan. 26
Jan. 30 106% Jan. 15
103% Jan. 2 1055i Jan. 24

State and Railroad Bonds.— In Southern State bonds,
Tenuessees have recovered to 39 for the old, and 37 for newseries.

Alabama

consols have sold at 41i@42i for class

A

and

Louisiana consols are dull at 82J(a83i, with sales of about
South Carolina consols are better &t 57 to 65,
$50,000 this week
on the hope that the Debt Commissioners will report favorably
on the whole issue.
Southern State and railroad interest-paying bonds generally
advanced from 2 to 5 per cent during the last month, on a home
demand from parties who have money to invest, derived from
C.

the sale of cotton.
Railroad bonds remain firm on a moderate business.
The list of securities sold at auction, usually reported in this
place, will bo found on the preceding page.
Closing prices of leading State and Railroad Bonds for three
weeks past, and the range since Jan. 1, 1878, have been as follows:
Jan. Jan. Feb. .—Range since Jan. 1,1878.—
STATB9.
18.
86.
1.
Lowest.
Highest.
Louisiana couBola
S2K 83% •81% 80!4 Jan. 8i 83% Jan. 25
'
•105
Missouri 69 ,'89 or '90
•106
7 lOlJi Jan.
104;4 Jan.
•101
•16
North Carolina 6s, old
*17>i •17
Tennessee 6s, old
*35«
39
83)4
33X Jaii."'4 39 Feb. 1
•67
•67
•67
Virginia 68, consol
•10
•40
do
do 2d series... •40
District of Columbia, 3-65S 1924 •76%
78
•77)4 76% Jan. 5 80 Jan.;S9
I

Railhoads.
Central of N, J. Ist consol.
•6534 •65
Central Pacific Ist, 68, gold
104
104%
Burl.
&Quincy
78
consol.
Chic.
109>i 109%
92 «
9314
Chic. & Northwest'n, cp., gold
93
Chic. M. & St. P. cons. s. fd, 7s
91 5i
106?^ 107
Chic. R. I. & Pac. OS, 1917
•111%
Erie 1st, 78, extended
*109i4 •109^
LakeSh. &Mich.So.l3tcons.cp *109i/.
•lot;*;
Michigan Central, consol. 78.
•117
•116
Morris & Essex, Ist mort
119
N. T. Cen. & Hud. Ist, coup... •119
Ohio & Miss., cons. sink, fund •98« 100
Pittsb. Ft. Wayne & Chic. Ist. •118
St. Louis & Iron Mt.. Ist mort. •105 ?f; naiiv.
Union Pacific let, Os, gold
10354 104)4
sinking fund
do
9514
96
. .
.

National bank notes outstanding at date

1,

1.

1065^

lOSJi
107Ji xl03Ji
108^ 108>f
lU5>i lOlJi' 104>i 10414 noia
10614 i':53i
1055i sl04%
104
103>i way, "lO-lX *10S-i
103% 103% 103X 103J4 103V4
100%
lOiy 101
101% *10IX *103
102
*1015£

^

funded, 1881
reg.. Quar. —Feb. 105)i
funded, 1881... coup.. Quar.— Feb. 'loeji
1891
reg.. Quar.— Mar. 103J4
1^8,
coup. .Quar. —Mar. 108%
4H8, 1891
48, registered, 1907
Quar.— Jan. 10l>,' Win
48, coupon,
1907
Quar.— Jan. 101'/
6a, Currency, 1895.. reg.. Jan. & July.
6a, Curreucy, 1896. .rog.. Jan. & July.
...
*12i'
6s, Currency, 1897. .reg. .Jan. & July
6s, Currency, 1898. .reg. .Ian. & July. *I20
*UOii
68, Currency, 1899. .reg. Jan. & July. •121
121
•Tliis is the price bid; no sale was made at the Board.

class of

Feb.

31.

& July. 107!^ 107
lOOJi 106Ji
& July. 107Jf *107K 106K *106fi
& July. 103>i 103>i *]025i 'lOJJi
6s, 5-M9, 1865, n.i.. coup.. Jan. & July. 103
*103
Wi'i *102'i
69, 5-30S, 1867
reg. Jan. & July. *105i£ 105V 1053if 105«
"-- "-'
-89,5-208,1867
coup. .Jan.* July. 105« looji
imx lOoY,
«3, 5-203, 1868
reg. Jan. & July. *108>4 losji 'ins
108 X
63, 5-808,1863
coup. .Jan. & July. 109)i 10914 'lo^H 108 5£
59, 1O408
reg. Mar. & Sept. »108Ji 1081^ 'lOS
mx
'reg. .Jan.
coup. ..Ian.
89, 5-208, 1865, n.i...reg.. Jan.

$349,894,182

National bank notes outstanding .January II. 1S"5
S351,86' 450
Total redeemed and surrendered Jan. 14, 1875, to date.. $72,3i5,730
National bank notes issued between same dales
41.111,070

Decrease from January

Jan.

29.

58.1881
68.1881

59,
6s,

FRIDAY, FEBRUARY 1, 18T8-5 P. M.
money Market and Financial Situation. — The

attention of

ington

:

Jan.

-

ratscellaueons.
Palace Car

28.

.

lusurauce.
PaUman

Jan.

26.

.

Paseumpsic, pref

2

Springfield

Jan.
Int. period.

.

.

• This

18

the price bid; no sale was

mn

made

6314

64%

Jan. 89 67

Jan.

U

10474 103iJ Jan. 15:105% Jan. 29
109
Jan. 2 109 'i Jan. 25

•93K

91% Jan.
91% Jan.

107
112
•109

106
110
109

•105%

10.->%

•117
119

115%

,•I7^
•118

*xm

118
9914
II814
104

101% 103%
•95V 93%

141 931,4 Jan. 80
5, 93% Jan. 29
Jan. 5 107
Jan. 17
Jan. 7112
Feb. 1
Jan. 10;i09% Jan. 21
Jan.
5 107
Jan. 19
Jan. 6 116K Jan. 5
Jan. 7[n9J4 Feb. 1
Jan. 10 1001,4 Jan. 30
Jan. 15;118i4 Jan. 15
Jan. 7 106% Jan. 24
Jan.
7 104% Jan. 99
Jan. 7| 96
Jan. 25

at the Board.

Railroad and iniscellaneous Stocks. — The

stock

market

has been quite dull this week, notwithstanding the important
meetings of railroad officers. On Saturday, the 26ih, the coal
road managers met in Philadelphia and made their allotment of
It appears that
coal production for the first quarter of the year.
no agreement has been signed, but the present arrangement is
claimed to be as definite and pracically useful as if it had been
formally signed. The meeting of trunk line officers in New
York was the most important event of the week, and resulted in
the reference to Mr. Fink of tlie points at issue between the
Grand Trunk of Canada and the Boston & Albany and New York
Central, with a proviso that rates should in the meantime lie kept
up. The matter of rates on west-bound freights is also to be
The meetings have been amicable, and as the quesadjusted.
tions acted upon involve more largely than any others the actual
prosperity of a majority of all the railroad stock sold at the
Stock Exchange, the results must be accepted as hopeful.
The temper of the market is exceedingly dull, although prices
remain, as a rule, quite steady.
The daily highest and lowest prices have been a8 follows:

J

Febbuaky

BKoraay,
Jan. M.
Central of N.J
Chic, llur; Atj
C. Mil. & SI. 1'.

•14H

Jan.

I5H

Ml

ratj
48

V

Kria

Joi

4»l

KK

SOX

8H

«

•11)4

»«

ni.CeDtial...
Lake Shore...
Mlchlftan Cent

•Ti
»\ii
•i)«
74 <i

MorrU&Emex

N.Y.Con.*H.K
Ohio A .MKs...

7V

•lao

This

Is

8X

^—

SOJ,

Qnotations.Op'ntljow. High Clot.

9),

aa><
-«)4

60K
HJ4

23

lU

e-J

60)J
59 V

itjt

71!4

74!4

68

tan

77.14

isa

-.in

lOO)]

49H
4;

49S4
47

B3V 83V

....
....

16

:

81H

1,

Wllole

—

,

&

&

&

A

*

H

^^

S^
^5

&

UH

H

Total sales 0/ the

week

Norih-

went. Shore. Union.

Jan.

6,000 37,.S«0
i,;oo 21,4'0
9.900 49,920
10,750 31,400
6,500 27,8i5
2,200 11,200

26..

29..
30.

81.....

Pe¥,

1

Total..

37,053 182,155

Whole stock

St.

Mich. Del. L.

Panl.
2,500
2,100

Cent.
300

250
2,700
3,010
3,700
i.ioa

9.000
10,700
8,800
8,725

1,016

110

11.170

41,833

& W.

2,361

8*0
210

1,920
1,005
1,300

935
6,100
1,330
300

1,862
l,7i8

8,395

151,031 491,665 337,874 153,992 187.382 524,000 780,000 200,000

The

total nainl>er of shares of stock outstanding is
the last lino, for tUe purpose of comparison.

given

in

ITie latest railroad earninf^s, and the totals from Jan. 1 to latest
dates, are given below.
The statement includes the gross earnings of all railroads from which returns can be obtained. The
columns under the heading " Jan. 1 to latest date" furnish the

gross earnings from Jan.
in the second column.

1, to,

and including, the period mentioned

-Latest earnings reported.1877.
$377,ti29

AtlantiCifc Ot. West...Month of Nov..
Central Pacific
.Month of Dec... 1,317,000
Chicaeo
.\lton
Month of Doc... 8!4,78l
Chic. Barl
Qnincy.. Month of Nov.. 1,2.32,118
Dakota Southi rn
of Dec...
li,18S
. Month
Illinois Ceil. (III. line). .Mouth of Nov..
432,048
Missouri Pacific
.Month of Dec... 317,949
Mobile
Ohio
.Month of Dec... 315.000

&

&

&

Nashv.Chatt.

New Jcrwy

&

.Monmof Dw...

St.L.

.Midland. Month of Dec.
Elizabetht'n.. .Month of Dec...
Phila.
Erie
.Month of Dec...
St Jo.«cph it Western Month of Nov..
8t. Panl
S. City
.Month of Dec...
Sionx Clty.tSl.Paul. . Month of Dec...
Sonthem Minnesota.. Mouth of Nov..
Union Pacific
Month of Nov..

Pad.

.

,t

&

*

Atch. Top. A S. Fe... lat week of .Ian.
Bar. C. Rap. * North. .3d week of .Ian
Cairo ,t St. Ixinis
.8d wetk of Jan..
Chic. Mii..fcSt. Panl.. ..3d
Clev. Mt.V.&D.,&c.. 31
Oenv.
Rio Grande... 3d

A

Grand Trunk
Great Western

,

week of Jan..
week of Jan..
week (f Jan..

W'k end.

Jan. 19.

W'kcnd. Jan.iS.
Baniiihal <fc St. Jo... 8d week of .Ian..
Indianap. Bl. * W. .3d week of Jan..
Int. a Qt. Northern.. 3d week of Jan.
Kawai Pacific
.3(1 week of Jan..
Mlchican Central... Sd week of Jan..
Mo. Kansas St Texas. .lat week of .Ian.
Fad. & Mimphis
.181 week of Jan.
StL. A.&T.u.,i,rc(,si .3d week of Jan..
St. L. r. Mt. * South .3d week of Jan
St L. K. C. A North'n. 3'i week ot Jan..
St. L. & S. Francisco 3d week of Jan..
8t.L.A8.E'n(StL.div.; Ist wotk of .Tan.
"
(Ken.dlT.)...Ist week of Jan.
" (Tenn.diT.). .1st week of Jan.
_
Tol.Pcoria t Warsaw, .8d wtok of Jan..
»y»bash
.3d week of Jan..
.

.

.

,

16.3,064
5!),s53

30 898
237,742
69,392
46.615
33,797
&5,8J0
1,11.'V,009

1878.
$3.5,''25

41,424
2,0'0
191,000
6,196
13.100
181.484
9r),593

SS.OX)
a5.791
31,409
88,868
118,698
48,453
8.465

S.wg
107,800
73,0.36

21,800
11,981
8,188
2,4^1
88,559
105,5C8

@ 3 90
& 4 73
© 4 10
6 16 00
® 15

3 86
4 72
3 90
Spanish Doubloons. 15 60

XXReichmarks
XGoUders

.

15 60

Fine silver bare
Fine gold bars

Jan.
1676.

$896,313

to latest date.

1

1877.

1876.

$

8

1,481,317 16.-81,319 18,134,112
374,331 4,483,688 4,9tiO.,'28
1,026.817 11,417,054 Il,i;7.s:)0
2i'6.,';4-J
11,673
193,789
42:),6I4 4,C8!,535 4,991.790
321,214 3,M(,231 3,;n. 21
3ii9,fi0i
1,990,«'M 2,(i«»..)12
139,237 I,74y,2'8 1,697,917
5J,417
685,087
066,915
.

298,29*
61,836
40,444
21,312

.

3,172,992
465,068
544,681
342,892

3,352,979
411,9.57

$25,411
13,113
2,853
7".-i77

6,481
8.298
148,066
37,877
28,009
21,204
S5,S2l
85,530
107,731
54.501
8,136
15,400
102,f92
68,512
23,550
12,569
6,682
2,719
18,075
66,130

$85,825
108,179
4,730
451,000
19,318
89,7l9
497,510
270,688
79,680
90,969
8;.2»4
142,S70

42,453
8,485
29,168
^291,000
18 1,256
67,837
11,9<1
6,128
2,481

91,883
2(;«,g«l

97)14

.

sitv.

117>4

vu&Hprem.

Ezchanse. — Exchange has been somewhat variable from day
demand from bond importers affected the price.

To-day, exchange was weaker, and the leading drawers reduced
their rates to 4-82i for bankers' lon<; and 484J for demand sterling.
Actual business was at 4-81i@4-82 and 4-83}@4-84.
In domestic bills the following were rates on New York to-day
at the undermentioned cities
Savannah, buying par, selling 1-8
par
@i premium Cincinnati, quiet and steady, 100 discount
Charleston, easy, par
premium
St. Louis, 150 discount
\@-^
New Orleans, commercial 316 discount, bank par ; Chicago, 80
:

@

;

@

discount, and

;

Milwaukee

;

par.

Quotations for foreign exchange are as follows:
-Feb. 1.3 days.
4,84 @4.84)4

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

4.83X94.84
4.82 @4.63

.

4.81)4@4.82)^

,

Paris (francs)

Antwerp
Swiss

5.19K@5.16J4

(francs)

5,19J<®5.16J4

(fra'iCB)

5.19J4ia«-16Ji
89%a 40)4
95
96)4
95
95>I4
95
95)4
95
95)4

,

Amsterdam (guilders)
Hamburg (rcichmarks)

®
&
@
^

Franl£f ort (rcichmarks)

Boston Mank«._The

bmks

for a series of
Loans.

$

$

t

$

Aug. 13.
Aug. 20.
Aug. 27.

128.787,400
iai,311,700
128,971„300

l,827,li'0
1.693,.50O

6,359.300

49,845.300

6,4:;6,800

49,454,1)00

23,600,600
23,475,800

l-A,(-30,iKX)

6.619,500
8,761,500
8,652,100

I9.u0i,600
49,261,700
49,567,600
49,513.800
49,446.700

23,.306,600

Sept. 3..
Sept. 10.
Sept. 17.
Sept. 84.
Oct. 1...
Oct. 8...
Oct. 15..
Oct. 28..
Oct. 29..

1,6-8.700
1,787,200
2,151,800
2,861,200
2,375,000

38,032,036
39,584,014
86,250,619

23,338,500
83,524,000

31,657,7Sfr
41,8.37,484

Nov.
Nov.
Nov.
Nov.

5..
12.
19.

26.
3..
10.
17.
21.
31.
1878.
Jan. 7..
Jan. 14.
Jan. 21.
Jan. 28.

Dec.
Dec.
Dec.
Dec.
Dec.

IW

18.3.169

54.50)
.3,136
86,6.55

291,040
174.731
65,SIM1
12, ,"69

6,668
2,719
B6,7«4
310,675

2,4^,000
2,887,200
2,119,000

18t),S51,80G
126,497,.500
127,:i83.!01

2,210,61)0

129,127,700
129,'08,300

2,927,-300

129,445, ItX)

188,034,700
1-27,'.I51,900

187,699,700
121,(30,400
127,783,900
189,0-26,800

131.015,000
130,875,000
189,032,100

2.459,600
2,601,400
2.888,500
2,815,200
2,811.600
3.0J4,200
2,910,800
S,9jr-,6flO

3,347,900
4.293,400
5.100,-00
6,366,41)0
5,47o.0(;0

6,7'i7,100
6,809,.?OO

6,430,300
6,811 900
5,427,100
6,605,000

5,«7,800
6,286.800
6,180,600
6,074,800
5,668,200
5,601,.'JOO

6,647,500
5,500,.500

5,755,400
6,043,700

5,624,800
5,014,400
3,982.800
3,719,800

48,8jO,:)00

49,458,400
48.339.800
48,487,800
4S,77O.80O
61.011,800
61,703,400
60,908,500
51,377,300
50,673,600
50,188,800
49,745,600
50,211,700

iOfili.WO

23,.54S,300

23,421,400
23,341,000

23,!)49,300

84,157,000
24,286.600
24,431,500
21,819.700
24,410,200
24,637.200
24,561,400
24,550,000
24,336,400

51,259,798
50,687,149
47,12?,549
42,835,068
47,917.363
45.508,579
48,875,410
89,538,906

23,808,0>,0

23,987.700
24,037,000

52,767.000

»4,766,3'10

U.48S.400

34,880,900
84.823,200

60,000,000
48,»38,900

41,842,091
41,0-20,280

40,887,568
53,175,098
47,048,262
50,592,11s
44.610,414

134,626.600

49.711,7»

53,119,105
51 453.371
81,2(6,347
41,295,873

totals of the Philadelphia

banks

Specls. L. Tenders. Depsaits. drcolatlon. Agg. Clear.

S

$

S

«

S

t

13.

01,112,225

!4.e03, 8i

60,443,983
49.617,779

10,448,64(1

1)0.940.118
60,(a;,9.'9
oi,iin,',i7

1,861,194
1,815,8T7
1.138,119

16114.508

Ang. 20.

49,.3.'i5,7a7

1(',4S9,880

49,989,6*3

10,403,113
10,636,776
10,921,262
10,532,696

4O,0a(>,MO
80,266,481
80,067,808
28,861,504

Aug.

Sept. 24.
Oct. 1...
Oct. 8...
Oct. 15..

64.

128,78 !,!i00
128,819,900
128,147,100
127.408,700

Loins.
1877.

ifi.'.irs

7,5,6'.l)

129,11.2,600

Pblladelphla BanlM.— The

(*opl. 3 .
SepL 10.
Sept. 17.

ln.'<.0S6

189,092,200

are as follows

Aug.

a7,S'-i6

Deposits. Circulation. Aeg. Clear.

S

4S,5 9
7.443
2);. 10

16,5.165

past:

Specie. L. Tenders

S

J25.411

39 i.'m

following are the totals of the Boston

weeks

1877.

571,778
359.132

6«,107

5.S1,133
l,23'i.lS7 11,547,350 11,89,5,871
1877.
1878.
1,877.
7I,4.',0

.

7i)

I16Ha

:

half dimes,

to day, as the

600

8,675

43,141

1,660,SS4

&

Hnd.

Erie.

10,300
10,450
5,400
5,600
11,191
5,200

100

1,538,000

Berlin (rcichmarks)

Del.

n
au5,297

Bremen (rcichmarks)

were as follows

in leading stocks

Lake Wesfn

',9«

1,7;;
. 961,i»1i

— 98>/4St —
Large silver, )Vb&>4s — 96)4^ — 97<4
— 90 ^ — 98
Five francs
— 93 a — 94
Mexican dollars.
English silver
4 75 ^ 4 85
Prussian
tbalers — 65 ^ — 70
Trade dollars
— K>i'^ — 97
Dimes Jb

|%$4 89

$4 84

Mexican Doubloons

year 1877.
.Ian. 1, 13 8, to date.
Highest.
Low. High
liOWest.
G6ntrftl of New Jersey
2,748 13)4 Jan6
373<
2 18XJan. 14
Chicago Bnrl.
Qulncy
510 102
Jan. 2 :03M Jan. 21 94
118J<
Chlcai!o MU. cfc St. Pan!
41,8i5 38
Jan. 2 39 '4 Jan. 24 11
42)4
9 40J< 73M
ao
do
14,748 68H Jan. 30 7.)XJan.
pref. .
Northwestern
Jan. 8 15
Chicago
Jan. 4 33
37,050 34
4.VA
do
do
pref... 15,080 61)i Jan. .lO 6tJ< Jan. 9 373i C9)«
Chicago Rock Island
Paclflc.
8,0S5 98XJan. 16 lOOX Jan.
8 82)4 I05X
Dataware
Hndson Canal
Jan. 5 62Ji Jan. 2 25X 74>4
8,395 45
Delaware Lack.
Western
48,141 46)iJan. 5 52)^ Jan. 14 30)i 77
Erie
6,675
7« Jan. 5 10 Jan. 18 4K 15
Hannibal
St. Joseph
435 lOXJan. 11 12X Jan. 8
7
do
27
Jan. 21 17
do
pref
2,800 22)4 Jan.
Illinois Central
3,095 73
Jan. 15 76X Feb. 1
Lake Shore
7
I8i.l55 5g.<i Jan. 15 635i Jan.
7354
Michigan Central
3 63
Jan. 7
2,361 SSHJan.
74)i
Morris
Er-scx
Jan. 5 75J< Jan. 2
1,856 71
92)4
N. Y. Central
Iladson Rirer..
7,698 104Ji Jan. 80 108,HJan. 9 85X 109)4
Ohio
Mississippi
7
2,530
7 Jan. 16
8)4 Jan.
2)4 ii3
Pacific Mall
5 SiV .Tan. 16
2,01:0 21)4 Jan.
26M
130*
Panama
Jan. 3 80
150 112
Jan. 6 12^
Wabash stock
2,220 U>i Jan. 15 17« Jan.
8
Union Pacific
Jan. 4 69
Jan. 10 593i 73
a,£55
Western Union Telegraph
11,170 75)4 Jan. 15; 7SX Jan. 2 56
84 »i
11 '5
Adams Express
Jan. 8 lilrti.i Jan. .10 91
234 98
liO 47)4 Jan.
50
Jan. 2 43)i 60)4
United States Bxpresa
ISO 48
Jan. 9 36
Jan. 22 48
59X
Wells, Fargo* Co
15 82'4 Jan. 7 8r«.ran.
2 81
90
Qoicksilver
800 15>4 Jan. 26 18
Jan. 5 13
24
do
pref
100 30
Jan. 5 Sl)i Jan. 2j 19Ji 45

&

ao,7ia,ooo

Napoleons

and the range in prices since Jan.

&

102

108

are quotations in gold for various coins

Shares

&

m%

lOlJtpiJi

1

Sovereigns

no taH was made at the

Sales
of w'k.

102),' ini?., l(>2)i

1,267.604
,172

1,9'

1

The following

16
81

1,2f'<n.'fl

2.3-

ioik!ioi>4 102)4 102
|14'i,!»7,000
101)14 101 V 101
101)4
97,675,000
102)4 101 )i lOi'4 102

lOOH lOOK
•18
47

;.'>.;i5:i,000

31,273. UMi
35.970,000
28,119.000

lOJH

108?,-

Current week.
Previous week.
Jan. 1 to dale

l«

84H

the price Did and aaKed

Total sales this week,
1877. were as follows:

83

m
ISX

16W
esi

•31)

....

WK

,

inili 101)4
lOlJillOlJi lolji
my.iimr, 102)4 102)4

Monday,

•lis

Oold
Bala nc«s.
>
Clearings.
Gold. ICnrrency.
$15,129.(00 $l.8l«.t87 $2,080,417

101)4 iniif

"
Taosday,
Wednesday, "
"
Thursday,
Friday,
Feb.

«0H

7V 'V'"^^

33X

Jan.

Batnrday,

74.<<

..183

16)4
16V 17
«SK esx 6^
West. Un.Tel.
173 77H
77X
Adanis Bzn... lOOK IWH 100
American Ex
•4HX 49), •4SH
United States. •49X ....
47
•33
Welli. KarKo .. •83H W
QuIeksllTO.....
15>4 15V •I5H
•

«x

«1V 24)

•

liB

•ao

99)4
49

M

3114

Waba«h.i(ock
Union Pacino.

pref.

4'iV

9(J

•....

ai Uh

Panama

MV

KHXllW

lOSJilM

ractOcMatl...

•!X

:iS
74X
61H

^^\

nn
«us
VH

6»W
atS

as

11(4

1114

7?

Mh

UK

IIV

prel.

do

lOSW

Ill

The uol«l IH«rket._aold, after its decline to lOlJ, advanced
sharply, on the Stanley resolution, to 102J, and closes to-day at
103.
On gold loans the carrying rates to-day were 5, 4|, 4, and 8
per cent. Silver in London is the same as yeiterday, 58{d.@54d.
per
0i Vld,
oz
The range of gold and clearings and balances were as follows

'M.

15
t03)<

15

<9H
J«5
MM KM
•1>J Mtf
49S
49
IDK SOM

W3

« Wut
St.

Tnesdar,

'in.

JOSW IIBH
8^K

taS «3;

C. K. 1. * 1-ao.
JDal.AH. Canal

Baa. A
do

Mondar.
Jan.
IS

....

888
srsj
6'jK n>
wS
Ml
*»<

Ohlc.A North.

Del. L.

THE CHRONICLE.

8, 1878.J

87.

OCU22.
Oct. 29..

Nov.
Nov.
Nov.
Nov.

1,844.007

61,398.778

1.142..579

61,158,5'.I9

1,346,360
1,376.671
1.320,515
1,294,076
1,287,578
1,887,001
1,432,897
1.48(,492

61,088,110
81,218.252
61,013,149
60,812,307
60,781.184

5.

60,821,' 36

18.

69,94.3..506

19.
28.
Dec. 3.
Dec. 10.
Dec. 17.
Dec 24.
Dec. 31.
187S.
Jan. 7..
Jan. 14.

Jan. 21.
Jan. 26.

1,1.32.278

«l,(l,57,:S42

59,619.038
59,150.819
69,098,735
59.413,288

1.472,5-)a

1,410,124
1,')35.604

1,348.388

59,1.70,494

I, ,319.250

69,468.806
58,566,926

1,314,285
1,517,341

89.409,587
59.S85,<51
59,737,833
59,127,790

1,769,838
1,890.177
3,014,889
2,076,102

14,669,797
14,848,217
14.589.275
14,366,546
14,2Jj,8ii3

13,92).8«7
13.461.572
12,957,296
12.971,840
18.143,712
13,274,543
1.3,677,990

18,689,874
13,887,189
13,888.287
18.492.820
13,187,839

18.9S8,Sa
13,385,881
1.3,361.382

13,210,655
12,»<l,827
12,960,413

4,9.397,084

49,750,088
49,873,000
49,078,910
48,298,947
47,78:',«73

47,(60.075
48.(Vt7,S08
47,6.35,097

47,901.443
48,267,785
47.813,9.7
47,858,287
47,633,389
48,746,387
48,402,878
4S,16S,tlt
47,247,»14
47,197,064
47,014,740
48,418,818

10.453.S48

ao,58«.m

10,68.),79S

83,750,218
84,831,388
S2,88«,4tl
40,<0B,826
87,829,(14
68,6*4,456
S3,»S7,479
I5,»44,88«

10,687,«6

si,6n,«ie

10,6:6.728
10,713,565
10,708,400
10,77I,71S
10,779,196
10.848,315
10,86«,IOB

S4,t41,0aB

lii,8;9,169

10,57«,t«)
10,605,838
10,^91,168
10,628,601

10,9n.»>
10,910.6S(

10,»7^5e4
10,990,448

U,t74,»10
98.i74.S«3

87.U0,7Se
sa,tRi,asa
(S, 162,647

I8,454,ltt

37,Sa9,84(
86,660,675
a>,869,558
a»,47«,861

THE CHRONICLE

112

—

new

Ifork City BanHs. The foUowine statement shows the
condition of the Associated Banks of New York City for the week
ending at the commencement of busineas on Jan. 36, 1B78:
ATERAGE AMOUNT OF
CirculaLegal
Net
Loans and
Spec's. Tendere.

Capital. Diecoauta.

s

s

3,000,000

8,083,500

Manhattan Co...

2,»!j0.0i0
3,0(10,000

6,3(i0,300

2,560,300
874,700
1,874,500
613,000
1,014,200

784,500
1,1(0,300

1,998,800

39,080

5,:te9,.')00

l,302.(i00

7,165,700
5,127,400
3,872,200

7,500
123,400
171,300
135,003
1,100
261,SCO

1,739,4(10

1,3'.7,700

6,566,9W

.1,000,000

2,25%000

613,000

5,117,000
3,310,400

1,424,300

1,54«.8:!0

246,900
1,368,6(»
308,300
487,900
106,000
S3,C00

622,0f0
84',000
24S,600
547,200
S,l»l,300
431,100

2,.5'i7,000

1,000,(H10

1,000,000
600,000
3(10,0(0

1,008,000

Gallatin National l,5ii0,000
Butchers'* Drov. 500,000
Mechanics' & Tr.
600,000
Greenwich
2'0.000

688,800
649,.3'JO

2M,S0O

9,8Si,900
3,227,700
S,2i7,700
1,393,000
1,526,000

:94,000
249,000
1M8,600
334,100

7l9,l(10

600,000
300,000
800,000

2,32:,800
l,:i74,5no

3'J3,S0O

413 600

American Exche.

5,000,(100

Republic

5,000,000
1,000,000
1,(00.000
422,700
1.500,000

11,439,000
13,424.500
4,395,100

2,.338,('00

Commerce

Chatham

450,0(10

1,360.000
1,079.800
284,900
419,300
666,80)
231.000
445,600

MercantUe
Pacific

2,075,400
3,C66,600
3,312.900
1,227,500

Irving

1,000,000
500,000

Metropolitan

3.000,(100

Citizens'

1,702,,300

Nicholas

1,000,000
Shoe and Leather. 1.000,000
Corn Exchange.. 1,000.000
Continental
l,25O,C00
Oriental
300,000

Marine

2,9.-3.500

2.644 000
1,23'>,600

1,930,400

400,(XX)

Importers'&Trad, l,f00,000 15,316,600

Park
Mech. Bkg. Aas'n.
Grocers'

North Itiver
EattKiVer

& Mer.
Fourth Nalional.,
Mannf'rs'

2,000.000
500,000
300,000
40>,000
350,000
loo.aiO

800.000
250,000
200,0
1,000,000

1.049.800
1,075,400
1,064,400
4,184,900

Central National., 2,001,000
Second National..
300.000

Ninth Natlon.il... 1.500,000
First National

...

.

Bowery National.

New York County
German Americau
Total

660,'^00

500,0:iO
1,(0:1,000

3,7.50.(00

Third National...
N. Y.Nat. Exch..

11,743 700
685,500

875,600
73.r500
601,b00
13,401,200
6,^07,000
2,09;,000
4,251,200
7.900.300
6,993,000

Ia8,0(i0

1,048,000
701,100
2,206,700
843,300
1.542,000
9,446,(00

2,700
233,500
36.t00
45,000
2)7.000

5,770,4(X)

2,08(i,9)0

3.275,700

893,700
133,200

2,2(0,200
450,000
1,687,600
39.3,200
3,286,400
5,40(1
1,096,100
1,490.600
447.700
3,745,400
1,951.000
71,400
10,li3,000 2,247,000
179.7(10
1,851,700
3.H00
1,912,600
307,500
1,745,000
497.5(0
772,100
2,836,700
354,301
1,986,100
4,700
1,419,500
780,30(.
..
1,155,700
S73.000
1,876,000
17,514.700 l,10t;,900
540,000
14,672,000
511,400
305,900
657,400

226,r.00

351,6,0
490,100
122,300
433,500
1,397,000 1,173,000
71,900
403,300
60,100
281,300
147,300
319,600
61,!-00
210,500
297,100
466,100
444,.')CO
393,000
4';,8;10
333,000
29.400
200,000
178,000
281,600
1,471,400 3,633,600
1,365,500 3,239,200
116 2(10
23,800
4,300
140,800
16,000
181,(00
6,83,300
7,200
169,000
604.900
61,.300
81,600
519,900
998,100 l,789,.9flO 10,959,400
274,000 1,466,000
5,807,(00
697,000
2,218,000
200,400
469,500
S.07(i,700
884,1-00
1,159,000
8,341,300
73i.,200
876,600
5,948,800
64,500
213,600
748,500
2,300
2:33,000
811,900
31(*,8O0
1,210,100
359,600
433,200
2,185,600

2,009,700
2,6(1,700
1,916,400
3,473,500

1,0;10,000

625,200
45,0C0
252,000

3,i'24,6no

456,4iio

1,907.0.0
13,889,000

600,000
1,000,000

Nassau
Market
St.

1,756500
4,311700

780,600

•.,1.90,000

164, -00

995,60J
908,000
254,000
64,600
297,400
423,200
8.300
84,300

3,43:3,600

People's
412,500
North America... 1,000,000

Hanover

378,800
8S,000

922,7i(0

3,947,600
2,034,700
1,361.900
10,2(4,800
2,541,700
l,92n,200

279,5(10

Leather Manuftrs.
Seventh Ward....
State of N. York.

Broadway

92,900
1,054,800
1,482,000
270,000
715,800
450,000
783,000
268,400
245,000

The deviations from
Loans

returns of previous week are as follows:
Inc. $1,423,100 Net Deposits
Inc $1,198,900

Specie
Legal Tenders

Inc.
Inc.

.

|

1877.

Aug. 11.
Aug, 18.
Aug. 25.

Nov. 3.
Nov. 10.
Nov. 17.
Nov. 24.
Dec. 1,.
Dec. 8..
Dec. 15,
Dec. 22.

Circulation

Dec.

243,890,300
244,899,600
24),77'<,70)
243,94,1,800
243,79,1,(00
24:3,976.40)

241,817,800
238,470,900

weeks

t

S

t

«

15,0.30,700

53,004,800

215,4i!,60:)

15,039,500

340,0()2

1.5,545,900

344,75-,974
420,915,000
400 79i,928

$
240

13,449,:00
11,250,000
16,010,100

52,696,0(16

213.414.600

50,789.000

413,(i26,.S00

15,515,500

48,l:i0,60O

15,.383.300

19,'(61,600

45,:)0:i,9OO

44,045,900
42,454,400

15,568,403
15,577,100
16,596,100

:ffl7,2T0

19,913,000
19,274,700
16,H52,300
16,651,700

409,450,700
210,574,100
208,582,41W
206,744,100

41,975,,'.00

200,7n,200

U,724,100

419

197,853,400

15,991,200

42-(,8 ,8;6:37

:)-:5

379 235,693
405,(132 478
3(36

185

2i8,2J9,60i)

17,000,:100

197,171,60

lii,08l,000

485.8-,249

2;),S,ia3,800

16,5r.,900

3S,94'i,300

19,j,561,503

478

236.487,400

17,:i22,400

191,848.700

2:16,2111,600

15,935,900

19i..364,;)00

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

a3.5,>'6S300

18,7r,4,.500

39,435,100
39,631,900
38,503,400

1 (.S,557,.300

17,720,2iX)

a3«,30-<,.)00

19,45i,800

.39,882,900

196,.5(.1,600

17,81!,'.)00

39,9)9,-00
40,579,800
58,478,700
37,562,900
3S,O67,50O
35,300,50)

19i,4»4,!(00
19(1,961,500

18,101,500
18,110,300

Iii6,9i2.3(i0

18,208,:-:00

195.896,400
194,844,500
197,711,800

18,67(;,7()0
l'.:.293,903

42li'93i'792

19,657,800

344,330,060

31,612,000
34,H04,000

201,981,600

2:35,349,800

19,7(.7,8(X)

43S429.600

18,324,000
18,995,000
19,566,800

237,514,000
2:19,764,20)

19,fi74,fc00

Dec,^a9.

239,173,900

22,122,4(jO

1878.
Jan. 5..
Jan. 12.
Jan. 19.
Jin. 26.

239,2,56,-100
2:i!l,936,:M0
2:i6.0- 1,2(10

25,207,500
27,091,200
28.477,500
30,193,600

83S,404,:-iOO

(tUQTATlQNS

l.N

BOSTIiai.

do
do
do

lO')

4S7,:).S7

840
453

458 025 6.53
358,005 167
401,9-0 936
417,1((4'418

369 514,964
488 944 449
4;2,404',t;46

110

104

68,15-25, reg., 188J-'92. Ul).
6-(,In.Plaiie, reg.,13;9 10
Philadelphia, 5s reg.

111
104>4

113
103

(,

Pltlst)urK l"It((8V.

"7

Bufl

tfc

United N. J. Compnnles
West Chester consol. pref...
WestJersey

CANAL STOCKS.
Chesapcrtke* Delaware
Delaware Division
Lehigh Navigation
pref

Peansytvanla
Schuylkill Navigation

do

pref..

SUBquehanna

RAILROAD BONDS.
Val., 7 3-108,189)

Allegheny
do
do

.

K.ext.,1910

78,

Inc, 78, end.,

'94.

Belvldere Dela. Ist m. ,68, con.
rto
2d m.6s. '8i.,

do

m.

3il

68, 'j7.

Camden AAmboy 68,coup,'33
6a, coup,, '89
mort. 68, '89
tt. Atl. Ist in. 7b, g., 1903
21 in., 78, cur., 'BO
do
Burlington Co, 68,'97.

do
do

Cam, &

CatawISBalsl,,78, couv.,
chat. m. ,10a,
do

104

Wilk8.,l8t.,7s,

.

&

2d mort.

63, 19.l«

Cincinnati 6b

cm. Ham. &

85

. .

78, reg., 1910...

115

con. m.,6i,r,t. ,19a

06
93

do

Little Schuylkill,

6s,' p. ,19.
Ist
7s, '^2

m.

106

D. lat m, 7», '.W
2d m, 78, "85..
7», guar...
CIn.& Indiana ,Btin,73
2d m, 7b, '17...
do

do

110

Miss., Ist m.. 7*,e.*

do

nia
97
110

CIn,

j-lttst).

scrip
do
Pa.*N.T.(:.* RR.7s,'% i9(l6. 112

&

—

B.,7s, cp..'96

53« 53«
ii's

do
do
do
do
do
do

,

STOCKS.

Boston

112

Conn. t&PasBUinpHlc
Kastern (Mass.)
Eastern (New Hampshire)...
,

!0H«

115X

wa

10!)

55«

X

...

5

!0
6>t

i'le

& Lawrence...'.*. 125
91
New York & New KnRland..
Northern of New HampHhlre ran
126^
Norwich & Worcester
OifdensD. & L. Champlain ... 35
Manchester

itejt

do
Old Colony
Portland Saco

liH

Ogdensburg & Lake Ch.88...
Old Colony & Newport 78 ..
Kutland8s,;»tmort
'so

do

pref.. lua

do

12

36

preferred

"m

,

Vermont & Canada
Vermont & Massachusetts.
Worcester & Nashua

.

UOii

6s. cp., 1905.
Vard 68, reg.,

at

00

Fblls.

ft

93H

106

1st m.6d,coup.,'o'.

Erie Ist m.68, cp.,'8( 103
2d m.78,cp..S8 08>.
do

Phlla.

Bead.

Ist

m

.

68, '43-'44,

ii)4'«

lU2>i

'48,49.
do
do
2d m., 7s, p ,'93
do
deben,, cp., '93*
do
do
cp. cff..
do
scrip, 1832.
do
84H 65
In. n(.78, cp,1306
do
60
do cons, m, is, cp.,l9l!
do cons, m, 7s, rg„i9:t lOlH 103
do C0'i8.in.6s,g.l.l9:i,.,
do conv.78,rg.&cp.:89t
55
do
78, coup, off, '93
31
do scrip, t8b2
•

C*

1. deb. 78,t2
Phlla.* Head,
do deb. 7b, coup, off

5(i

103

Pitta. CIn.

1

18

'!.;«

1

• In default of Interest.

6B,'9;to'9*

56,t»

91
68

101

100
40
93
72
106
100
93

93

90
80
62
95
97

10

15

97

98
85
90
90

102V

t

U8K
9SH

water 6s,'87 to '89 t
water stock 68,'97,t
t
wharf 63
8pec'ltax69of '89.t

——

18)4

98
98),

98^
103

ex pa-t-duc c up..»n8
Louis.* Fr*k.,Loul8V.lii,63,'8
Loulav. * Naahville—

(

Leb Br

68. '86
t
lat in. Leb. Br. Ex.,78,'30-^5.t
6b, 'a3...t
do
Lou, In,
Consol. lat m. 7b, *9S

102)^
mn
100),
100

99
99
98(^

100
100
99)<

103)1
103
lefferaon Mad. & Ind.
42)1 43
Louisville* Naehvile
96
Louisville Water 63, Co. 190J t lis

ST. i,oi;is,
St.

Louie

do
do
d«
P.0

.

Sunbury & Erie lat m. 78. '97..
Union i TIlusv. Ist m. 78, '90.

98
95
30

88
100
106
112
100

istm., 7s, 19(16. ...t 102
do
Loulsv.C.&Lex. Ist in. 7s,'97

St.

Stecbcnv. * Ind. iBt, 6s, 1884.
Stony Creek st m. Is, 907..

100
107
90

'Sl

50

l.oul8 78,!9(X)
l"ott«v. 7b, 1901

ioa«

85
97

80

dt St.

Bbamoktu V.&

1(J»

112

101 5i

t

6s, '82 to '87.

Jefl.M.&I.18tnl.(l*M)7i.,'Sl'
2d m,, 78
do

do scrip, lf(tci
do m.7B, reg.&cp,.'9'2-3
PhIla.WIlm.SB.lt. 68, '84

& Portsmouth 04M

iiQtiand,comrrjon..

.

Vermont*. M««8. HK..68

'§5*

4^41

65

Verin'l c. 1st m., cons. 78, '36.
Vermont ft ranadft. now 88..

llMwt

10)

83W

lib
'.

118
76

'ho

Neb.88,lit9l
..

& Albany

Navy

Perklomen
10

..

Boston A; Maine
BoBton & Providence
Burlington & Mo. In Neb
Cheshire preferred
CIn. Sandusky & ciev
Concord

Mo., landKrant7a..., 110

Neb.88,1883
Eastern, MaPB.,3SB, new.
Hartford & Erie 78. new

& Topeka

cons. m.

10')

LOUISVIIiIiE;.
Louisville 7a

Pennsylvania, Ist m., cp.,'80.. !04!« 103 (^
gen. m. 68, cp., 1910 107
do
1((7S,
gen. m. 6s, g., 1910. 109
110
do
93
cons. m. 6 rg., 1905
do
05

do
do

OS

.

3;8!oi9',-.73

Tllusv.

«

lot)

&

41(8 47''>-~4

Oil

88M

120

108

Xcnia, Ist m, 7s, '90 103
Dayton* Mich. Ist m, 7a, '81. 98
2(1 m.78, '84,
94
do
3a m. 78. *8). 90
do
Dayton* West. Istm., '8(,..t 100
l8t m., I90S
85
do
lat in. fs, 905 75
do
60
Ind. CIn. * Laf. Ist m, 78.
H2
(l.&C.) 1st m.78,'
do
94
Little Miami 63, 'cS

Colum,

^Sjail'M

MassachueettsSs, gold
Boston 63, currency
do 5b, gold

do
do

Ham, * md,

207,171,200

Atchi on

Chicago sewerage 7a
do
Municipal 7b
Portland 6s
Alch. it Tci>ekalBtm.78
do
laud grant 7b
do
2d 78
do
lanl Inc. 148.
Boston ffi Albany 78
do
68
Boston & Loweina
Boston & Maine 78

t

7b
7
do
7'308
+
do
luBii
South. KR. 7-306.
do
106
gold
6(",
do
t
do
Hamilton Co., O., 6s. long., .t
78, 110 5yr8..t
ao
7-30B,
long.t
7
*
do
CIn,* Cov. Bridge st'k, pref.

Lehigh Valley, 63, coup,, 1898. 109 110
68, reg., 189)... 109Hi
do

do
do

114

im

CINCINNATI.

102

'88 .,

Wmsport,

4

114

114

Bait.

98

& Bound

do

113

115
117

BAILR'AD BUNDS.

107

'37'.
6e, various.
lOS
Br., Ist, 78. 1906 88
Del.
102
East Penn. Ist mort. ts, '88
iht in.,7B, *fiO. 103
EI.&
l8t m., 5b, perp. 60
do
Harrlsburg l8t iHort. 6rf. 8)... 104
B. T. iBt m. 78, gold, '90. 106!,^
H.
2d 111. 79, gold, '95.
do
Sd m. cons. 78, '95*. 30
do
Ithacadk Athens lat g d, 7s„'90 106
Junction l9t mort, 6s '82

Sup.

112«

M.&N

Delaware mort.,

I..

I13«
110
105
112
112

—

'((2..

1900
do
Connectlntr 68. 190O-1904

H.&

25

109

* Ohio 68, 18S0, J.(!tJ. ... 1019s 102
105
do
63, 18i5, A.&O,
106
N. W. Va, 3d m.,guar.,'85,JAJ
PIttab.* Con(iell8v,78,'98,J&J "»iH OS
Northern Central 68, *85, JAJ !02hi 103
18H
do
68,191)0, A.*() 100
50
58
do 68, gld,l900. J.&J. 91
02
12(1
119X
Cen, Ohio 6s, 1st ni.,'90,M.* 8.
100
W. Md. 6s, lat m.,Kr,,'90,J.&J. 107 l!2
98 101
do 1st m., 891), J,* J,,.
HH
107 112
do 2d m,, guar., J, & J
5
do 2d m,, pref
65
1('4
do 2dm,,gr. by W.Co,.I&J
108
108« lOSJi
do 63. 3d in., guar., J.* J. 107 112
S2Ui
Mar, & CIn. 78, '9i, F. « A ... 84
t<8
39
88
32
do
'id,
33
103
105
88, 3d, J. & J
do
12H
14M
102M 103
Union RK. I8t, Enac,J, & J.
96
Cane n endorsed. "mi 88«
do
105
MISOKLLANKOrs.
108
Raltlmore Gas certlilcates...
119
109>i, People's Gas
..
35

new7B,

Dan.

Central Ohio, pf 1
50
Pittsburg & Connellsvllle..50

37,2 31,200

BOSTON.

Maine 6s
New Hampshire 68
Vermontea

61
100

.

Morns
do

120
UO

412,729 8157
403 M2'6 8

Bid. Ask.

88)i

,

19,787,100
19,861.600
19,841,800

SKOURITIKS.

90
80>i

,

20:3,666,000
2O5,9:4,:3O0

A.^FnTHERirriltS.

101

.

37,:89,:100

PlllTIJJKLPIIlA

115

80
102
99
85
80

108
1(5
6s. old, reg
do
do 6s.n..rg.,prlorto'95 112!, n3« Chesan, & Dela 6s, reg., '86,
do 69, u., rg., 1895* over 112>: 113)1 Delawa-e Division 63, cp.,'48.
Lehigh Navigation 63, reg., '84 103
Allegheny county 5^, coup,.. VI
do
BR., rg.,'9: 102M
Allegheny (JIty IS, reii
do
deb.,rg., 77
Plttaourg 48,co(;p.,1913
do
conv,,rg, ^Hi
5s, reg. & cp., 191).
do
UO
conv.,g., rg,,'yi 95M
68, gold, reg
do
do
gold, '97.... S7ili
7a,*\v't'r lu,rg. &C-*.
do
do cons, m, 78, rg, 191'.
(10 78, itr.!mp.,ree., '33-36*
Morris, boat loan, reg., (885.
N.Jersey 6s, reg. and coup...
Pennsylvania 68, coup., '.9:0.
exempt, rg, & coup.
do
Schuylkill Kav. ist in. 68, '9
Camden Cijuuty 6s, coup
do
2d ni. 69. 1'JU
Camden City 6?, coupon
do
m.68, '95, ..'
7s, reg. & coup
do
do
do cp off
Delaware 6s, coupon
do
scr'.p, '.SSS..
UarrlBburg City 6s, coupon
'80
do
6i, Imp
BAILKOAD 8T0CKS.
do
boat* car, r);
Camden & Atlantic
do
7b, boat & car, 19 5
pref
do
do
30
Susquehanna 69, coup.. :9.8.
CatawlBBa
10
pref
do
30H
BA1.TIITIORE:
new pref
do
Maryland 6s, d((fenpe, J.& J., lOS^t
Delaware & Bound Broot....
do
6s, exe[npt, 1S87 ... 112
East Penusylvaula
do
67, ;890. quarterly., lO-a
Elmlradc Wllliaiuaport
98
do
08, quarterly
pref..
do
do
41
BaUlinore 6a, SS), quarterly. UO
Bar. P. Mt. Joy & Lancaster.
57
110
do 68, :866, J.&J
Uuutlngdou & Broad Top...
2H
do
189
quarterly.
112),
68,
..
do pref.
do
6
do 68,park-, I890,y —
li^H
Lehigh Valley
39;
do 68, t893,M.* S .... 112
Little SchuylKIll
45
do 6a,exenipt,'.)S,M.&S. 115
Jilnehlll
49
do
1900, J.* J
ll3\i
Ne«(iu(;ho[iIng Valley
50
113t<
do
190i,J,*J
Norrlstown
100
113
Norfolk water, 88
Northern Paclflc, pref
14
RAILROAD
STOCKS,
Par,
North Penni'ylvaula
37M Bait.* Ohio
.10(1
88
I'enusylvaida
BOH
do
Wash. Branch. luO
Philaoclplila* Erie
do
Parkersb'g Br...iU
Pnllidelphia & Kead ng
50 ItH
Phllalelplila & Trenton
ll^^ Northern Central
5ti
Western Marylan 1
Phlla.WUmlng. * Ualtlmore

* Dayton stock.
North. Penn. Ist m. 6s, cp.,'85. 109 109>s CIn. Ham.
Columbus A Xenla stock...
2d m. 78,cp., '96. 113
do
stock..
Michigan
Dayton
&
1K03.
gen,
m.
78,
cp.,
103!<
do
i05
8. p.c. 8t'k,guar
do
da gen. m.7s, reg., 190'(
Little Miami stock
Creek 1st m. 78, coup.,'8i. '84
8»

Bid. Ask.

BBOtJBITIIlS.

&

Ask.

83«

.

,

I

Burl.

Bid.

.

5s, g'd, int., reg. or cp,
53, cur., re^
5s. new, reg. ,1892-1903
68, 10-15, reg., l-7;-'82.

Peuna.
do
do

Cam.

pa»t:

Deposits. Circulation. Agg. Clear.

41,402,000
40,3:6,800

8.38,578,200

United N. J. cona. m. 68. '94
Warren* F. ist m. 7s, '9
West Cheater cons. 78, '9;
West Jersey 69, deb., coup ,'83
do
Ist m, 68, cp., '96.
do
Ist m. 7b, '97
Western Penn. KK. 6n, 893.
do
6s P, 1!„'96,
Wllm, * Read, ist m.7», 1900"
do
2dm., 1902*...
CANAL BONDS,

43 700

|

L. Tenders.

Specie.

245,.3',7,20O

Sept. 1..
Sept. 8,.
Sept, 15.
Sept. 22.
Sept. 29.
Oct. 6...
Oct. 13..
Oct. 20..
Oct, 27.

1,716,100
41 900

are the totals for a series of

Loans.
t

PHIIiADEI^PHIA.

180,(100

67,435,200 238,404,800 30,193,600 37,231,200 807,171,300 19,798,100

The following

SECITRITIBS

STATR AND CITY BONDS.

$

7,181,9C0
o,503,90O
4,265,100
7,611.800

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

SKCTJKITIES.

tion.

s

2,000,000
1,200,000
3,000,000

Union
America
Phoenix
City

Dfposits.

$

t

NewTork
Merchauta'
Mechanics'

BOSXOiV, PHIIiADEIiPHIA, Etc.— Coutlnaed.

,

,

Bankb

[Vol XXVI.

68, lo g
t 103
waterbs.gold
t 10"
do
do
new.tT I"0
105)4
bridge anpr.. g
105)4
t 105

renewal, gold, 63.

sewer, g. 68, '9 -2-3.
Qo
Louis Co. new park, g.63.t

1(16

1('8>4

cur. (8
do
t
St.L.&SanF.KIt.bds, aer's.A 50
do
do B 22)4
do
do
do C 22>i
do

t

And interest^

1064)

106

Fbbruakt

THE CHkONICLK

3. 1878. J

113

NBW

QUOTATIONS OF STOOKS AND BONDS IN
and Railroad

U. S. active Bondi

do
do
do
do
do
do

Ba,
8a.
8a, 1888
8a, M.

A

do

W, Ala.

A

K

Ch.

8a of 18K
Bauf 18»3
le
^rWap«aa 6a, funded. ..•
do >. L. U. & Ft. S. laa
do 73 M^innhla A L.R.

do
do
do

L. 't.r. B.

t8.

2i»

4
4

AN.O

—

loe
103

\\arloau
do
Keiitnck76s
Lonlalaoa 68

do
do
da
do
do
do
uo
do
do

6a,
la,

101
101

new
floating debt

7«. Penitentiary
6s, levee
da,
bs,
Ss,

do
do 1875

.

—
..

of 1910., ...
7s,consoIldated
IS, small

Michigan

do

7a, iBiK)
6a, due 1878..

Ulaaourl

..

BOX

XlOl
08
105

»e

CITIES.

sag

Albany, N. Y.,

104

,

do

Hartford

—

Peninsula Ist mort., conv...
do
13K or "88 I0«>4
1886 lOiM
do
Chic. A Milwaukee, 1st mort'lOSX 107}i
IS-T IIMJ*
Wluona A St. Peters, Ist m...
do
75
80
do
2d mort
do
18d8|l04Ji
ISS9or9 llOS
do
O. C. C. A Ind's Ist m. 78, S. ¥.. 109
consol. m. bonds
or Un.,due 189^. lOSJj 106>^
do
107 !l07
Del. Lack. A Western, 2d m.
ruttdlng, due ISM-a
do
78, conv.
Han. A St. Jo8.,dnc 1886.
do
117
Morris A Essex, Ist.m
do
do 1887.
117Hi
do
2d mort
Sew York State—
107H
bonds. 1900....
do
68, Canal Loan, 1878.. ..
construction.
do
t«,go'.1, reg....l887
"8, of 1871 ..
04
do
Ca.
do coup.. 1887. ...
94J(i
(-3
do
Ist con.guar.
M, do loan. ..1883
Del. A Hudson Canal, 1st m.,'ii 96
M do do 1891. ..r.
«0
:B92...
1891
do
00
6a,
do do
1893...
do
do coup. 78. !S91 96
«B,
do do
reg. 7,1891
^orth Carolina—
do
do
lOS
10»«
17
A'hany
Ist
bonds...
6a,old.J.AJ
A
Su8q.
IBM
do
17
do
/d
do
A.AO
18X
('0
3d
N.C.BR .... J. A J.... 70
do
"•"
iBt enns. ffii'i
10
do
.. ..A.AO
51
Kens. A Saratoga, lat coup. IIIW l\ii^
do coup, oflf, J. A J.
do
ISCrcilst^d. UIH' -..
do do off, A. A O. 51
m>< 112
i'uudlng art, )866
10« 11« Erie, Ist mort., extended
lU
endorsed
do
do
11« do
9
do 2d mort., 7a, 1879
Kew bonds, J. A J
10
105Ji .
lOsi*
A.
do
do 3d do 7s, 1883
10
1035 104
Special tax. Class 1
•i
do 4th do 78, 18«
Class 2
do
2
"?? do 9th do 78,1883
103}J 1U4>^
Class 8
do 78, cons., mort., g'd bds
do
109><il09!<
Ohio 6s, 1881
104
do Long Dock bonds
lOtI
Buff. N. Y. A E, Ist. m., 1916.. 106^107M;
do «s,l886
105
Han. A St. Jo., 8s, conv. mort
8iiH
Rhode Island 6a
Booth Carolina Ca
41
Illinois Central—
Jui. A July
SO
Dubuque A Sioux City, Ist m.
April AOct
30
do
do
2d div.
85
Funding act, ISM
35
Cedar K. A Minn., 1st mort..
I

.

.

AO

.

.

13S9.J.A.J
A. A O....

41
41

7aof 1888
NoD-fundable bonda ...
Tennessee 6s, old
do
6s, new
do
6a, new series..

35

1889,

Virginia

Is, old
6a,
bonds, 1^66
la,
do
1867
6a, conaol. bonds
fa, ex matured conp. ..
fa, coQsol., 2d series
6a, deferred bonds
Dlatnct of Columbia 3.65a.

new

do
do

small..
registered

Railroad Stock«,

Indlanap. Bl.

37

Col. Chic.

Dnbnque

I Cent
Sioux City.

'5«
40

do
do
do
do

xTTK

JoUetA Chicago
Long Island
Lonisvllle

A

new bonds

A

A

State Line 78

Cons.
Cons,
Cons,
Cons,

N.

IDOX

33X

2M
.

Laf

NaehTllle....

73

H6«

Toledo

..

io6^l'.'.'.'.

. .

BellcvllIeA So. III.,pref
Bt. L. I. Jl A Southern..
Bt. L. K. c. 4 North'n.pref
lerre Haute A Ind'polla

Dnltcd>:..J.R. AC.....

Warren

.

12

!18«

19«

Hall road Bond*.
Boston H. A Krie. 1st m..

do
guir.
Bor.c.UAXortir, .8;Si"
Chssa « tihic it. ist m.

^xrout>'.

U

m.

Ft.

Dodge

7s.

119

1^
\\in\i
lao
lot

.

A O.N. conv. 88
A Sioux C. lat 7b.
lackson Laos. A Sag. 8B,lBt m

Int.

iai.

Falls

Allegan.

A

G. R.

,

8iX

_

.

. .

'

•

40
•0

'SO

tO
92
82
40
t*8

83
60

,

Georgia RB. 7b
do
stock

A

Greenville

Col. 78, 1st mort.

do

Macon

guar.

78.

,

A Angiista bojds

do
do

2d endorsed.
stock
Memplils A Charleston 1st 7b.
do
2d 7b...
do
stock,
.

Memphis A

Little

Rock iBtm.

m 78

Mississippi Central 1st

do
Mont,

2d m. Ss

..

Eafaala

ft

MobUeAOhto
do
do
do

1st Ss, g., end
sterling 8b. ..
do ex cert, 6b
8a, Interest

2d mort. 8b

N. Orleans

A Jacks.

Ist

CerUlcMe, 2d mortg.

8a, gr...

I

.

.

78
103

.

.

.

20

'^

stock
Charlotte Col. A A. 1st M. 7a.
do
do
stock
Cheraw A Darlington ds
East Tenn. A Georgia 6b
East Tenn. A Va. 68 end. Tenn
E. Tenn. Va. A Ga. Ist m. 7b..
do
do
stock

U.

Iowa

valamazoo A South H. 88, gr..
do Cal. A Oregon let
8^!
.iansas City A Cameron ICs...
do StHte Aid bonds.
Kansas Pac 'i8,g..cxt. MAN,'99
do Land Grant bonds.
Western Pacific bonds. ... 101
do 7B, g., I'd gr.,JAJ,'8[l
Union Pacific, Ist mort. b'ds I04H 104K
do 7b, g.. do MAS,'8(
do
Land grants, 7g. 104H 104 X
do 68,gold, J.AD., IKlIt
do
Sinking fund...
9U
do ta, do F.A A., 1895.
Pacific R. of Mo., 1st mort.,
100
do 7b. Leaven, br., *96.
do
*2d mort
87
do Incomes, No. li
87
do
do
Income, 78.
do
No. 16
do
lat Caroa't B 124
do
Stock
Penn. RR—
ICeokok A Des Moines Ist 7s..
Pitts. Ft. W. A Chic, latm. 118
funded int. 8b
do
20X
do
Lake Sup. A Miss, ist Is, gold,
do
2din..
do
Leav. Law. A Gal. 1st m ., IM.
do
Sd m. 104
„
Cleve. A Pitta., consol,, a.f
Long iBlaod RR., Ist mort.
uo
4th mort
jLooiBT. A Naabv. cons. m. 78.
104«
Col. Chic. A Ind. C, 1st morl
do
2dm.. 7s. g..
do
do
Michigan
.Mr Line 3», 1890.. .»
2d mort
Rome Watert'n A Og.,con. I«i
Montcmir ft o. L.ist :.s.
St. L. A iron Mou lain, 1st m. lOSX
de 2d m. IS
..
do
do
Mo. IL. < I'.'s. lat 7s, %., I»ll-'Ot
2d m.. 57
.
St. L. Alton A T. H.—
rin
flfl m
income ..
.S.J.MIdlandlBt 78.gold
}g Alton AT. U. ,1st morl
Ill
....
10
do
i'd mort., pref.. x84y<'
2d 78
(. Y. Elevated l!R.,lstm...
do
2dmort. mc'me .... '....
>'. Y. A tnw. Mid. '.«i
Belleville AS. lU.H. Ist 111. tB .... 1.
Tol. Peoria A Warsaw E. U
do
id 7s. 139}
89
d'J
W. D.. 87
do rocelv'BctfB.dabor)
do
88
do
do Bur. UlT
do
do
(otber)
i2>*
do
iUt
id mort
*^ C0IU01.7B ....
t And aecr'ief) lotl
?"
_
Tola Waibaah, lat m. xieuo |...
• Price oomlnsi
.

.

do

con.nl.. 78..
78, equip...

i

1

,

Ist 7s.

I

3<»<

BAIIiROADS.
ft Chatt. Ist m. 8s, end
do Hec'ver's Cert'8(var.Nos)
Atlantic A Gulf consol
do
end. Savan'h
do
stock
do
do guar,
Carolina Central 1st m. 6s, g.
Central Georgia consol, m. Ts.

Indlanapoll A St. Louis Ist 7b ....
Indlanap. A VIncen. Ist 7s, gr.. 70
International (Te-xas) lat g ...I....

1

6s

Ala.

.

KlIntAPere M.8s,Landgrant
Fort W., Jackson A Sag. 8s, "89
Gnmd K.A Ind. '.at 7s, Lg., gu.
do
istie, 1. g., notga.
do
l8t ex I. g. 78.
Grand River Valley «s, ist m-,
Houston A Gt. North. 1st 18, g
Hous.A Texas C. 1st 7s, gold..
do
consol. bds..

119^

.

g. 7s.

1st 78, 10 years.
2d 79, 20 years-

.

„

•o

A

dlv., 1st

r.illroad, 68..

Richmond

Evansvllle A Crawfordav.,73..
Kvansvllle Hen. A Nashv. 78...
Evansvllle, T. II. A Chic. 7s. g.

,

.

do
d'>
prel.
Ontario silver M nlng....

I.

.

3H

nUscel'ona Stock*.

Atlantic A Pac. Tel
Ain. District Telegraph.
Canton Co., Baltimore.. .
Cent. N ,1 Land A Im. Co.
American Coal
Oonsolldst'n Coal of .Md
Onnibenand Coal it Iroii.
UaryUiKl Coal
PcnnsylvanlH Coal ..
Spring Nlouutaln Coal
Mariposa L. A .M. Co..

v.,

do
do

„

Mlaaourl Kanaaa A 'lexaa.
x9 )» 9?
do
consolidated
New .Jersey Southern. ...
do
53
2d do
...
New York Elevated R|{.. ,60 lioo
do
1st Spring, dlv.
Y.
New
Haven
Pacific
RailroadsN.
A Hart. 1S5JV
Ohio A MI"«Iss'npl. pref
Central Pacific gold bonds.
'g^7«
13H
Pitta, y :. V--. A Cli., guar.,
do Sttu Joaquin branch
90

do
do
special.
BeDHelaer A Saratoga .
Borne Warertown A Og.
8t. Louis Alton A T. H
do
do
pref.

A

consol. 6s

Savennah 78, old
\'
do
7s, new
WUm'toB, N.C., 6s, gold j conp
do
8s, gold { on.

A Bay City Ss, end. .-f
Dutchess A Columbia 78
Erie A Pittsburgh let 7a

9l!>t

It4

xu;w

aa

Chicago Clinton A Dub.
A Can. South Istra.g.

new

do
wharf Imp'ts, 7-30
Norfolk 6e
..V.
Petersburg 6s
"
do
88

e

' Graud
nilu
nols
Trunk
Chic. Dub. A Minn. 8s .
Peoria A Hannibal K. ..
Clilcago A Iowa K. SsSs.
Amerlean Central 8s ...

88

old

68,
6s,

Orleans prcm.Ss

do
do

Olxon Peoria & Han. 8s.
A Fox R. Valley 88

Denver Pac, 1st m.7s, ld.gr.,g.
Denver A Klo Grande 7s, gold.

78
do
do
consol. 78
y. Central 68, IBS!
:04% ;05>s
do
68, 1887
105H
6s, real estate..
104
do

IKaM

do

New

funded

68,

Montgomery

.

...

(coups, on)
(coups, on)

Nashville

O. O.

A Warsaw

bonds A A B
end., M. A C. RK

do
do
MoblleSs
do 88
do

Central Pacific, 7s, gold, conv.
Central of Iowa Istm. 73,gold.
Chesapeake A 0.2d m., gold 78
Keokuk A St. Paul 8s .^ >- '
Carthage A Bur. 88
..
s .t
.

\

bonda, 78

Memphis bonds C

Deb. certs

Detroit

Istm.

11

.Vfacon

..t 109
67
gold..

97« DCS Moines A

m. 88, 882, 8. f lUJIilliS
equipment bonds.

119
118

Columbia, S.C. ,6b
Colmnbus, Ga., 78, bonds
Lynchburg 63

6thS.,do88

.

Ist

68, subscription.
A Hudson, Istm., conp
do
Istm., reg..
Hudson K. 76, 2d m., s.f., 1885
Harlem, Ist mart. 78, coup...
do
do
78.reg....
North Missouri, tat mort
Ohio A Mls8., consol. sink. fd.

4th.S.,do8s...t 109
5thS.,doSs .tiiou

.

I

nm

78,gold. 190(...J.AJ...t
pension, 1894. . J.A J 103S4

10a,

Charleston stock 6s
Charleston. 8. C, 78, F. L. bds.

Connecticut Valley is
Connecticut Western Ist 78
Dan. Crb. Bl. A P. 1st ni. 7s, g.

110

STATES.

do
88
do
waterworks.
Aognsta, Oa., 78, bonds...

109V

7s...

m

I

(Brokers' Quotation).)

Atlanta.Ga., 78

3dS., do8j...t 100

do
do

109

Sontliern Securities.

do
do

Cairo A Fulton, Ist 78,
California Pac. RR., 78, gold
do
68, 2d m. g.
Canada Southern, Ist m. c jup.
do
do reg

Qulncy

WlBConstn

CITIES.

m.

Klv., land

do
do
do
do

.

6B,g

78, gold..
Ce«t., Ist, 78. ..

1903

RAILROADS.

A Mo.

(«M

Sonth Carolina new consol, 68. 55
Texaa6s, 1892
M.AS. 100
do 76, gold, 1893-1910. J.AJ. 110

Atchison & Nebraska, S p. c...
Atchison A P. Peiik, 6j,gold.. 30
Boston A N. Y. Air Line, Ist m 101
Itur. C. U. A N., Lit "!8,new,190(i
na
Bur.

Union & Logansport 7b
Union PaclOc, So. branch,

West Wisconsin

;-30s

Yonkers Water, due

1U8^

m»>i 110

do
do
do

+

Vlucen's Is, gid
Chic A Mich. L. Sh. 1st .ss, '89.
Chic. A S'thwestern 78, guar
CIn. Lafayette A Chic, Ist
CoL A Hock V. Ist 75, 38 years.

109

97
96

t
t

Water 7s, long...1 112!^

do

Chic. Danv.

reg., Ist.
coup., 2d.
reg., 2d

New Jersey Southern

71«t

lat.

91
40
'"

Alabama new consols, ClaBs A 41
do
de
Claas B 69
do
do
Class C 41
Georgia 6s, 1878-'86
99K

7a
t'i03
Pougfikeepale Water
t
Rochester C. Water bds., ISOSt
Toledo 8s, 1877- '89
t
...

K.O

conp..

18
18

77

So. Pac. of Cal., Ist "A" 68, g.
Tol. Can. So. A Det 1st 78, g

t

various-

68,

Oswego

Ch. D.

new bds no
bonds..

188.'>.98

Chic.

Ash., old bda 103>4

do

A Erie, new

Marietta A CIn. 1st mort
Mich. Cent., consol. 7&, 1902

do
do

Harlem

A

Tol. sinking fund

Cleve. P'vllle

X77M

Erlcpref
Indlanap. CIn.

Isl mort..

Kalamazoo A W. Pigeon, Ist 94
Bet. Mon. A ToI.,l8t 78, 1906. 103%
109
Lake Shore Dlv. bonds

I)?

77

A

A

A

do
do

Central Pacliic

Cleve.Col. CIn. AI
Cleve. A Pittsburg, guar..

Cleve.

Buffalo
Buffalo

{Acute prerVitsIy yuol'd.)
Albany A Susquehanna...
Burl. C. Hap. & Northern.
Cblcago A Alton
do
pref

W.,

do
do
2d mort.
Lake ShoreMich 8. A N.lnd., S.F., 7 p.c, 110«

39«
87
37
30
30

A

104
t
t
t 107W
t 107>J

Indianapolis 7'30s
Long Island City
Newark City 7s long

.

LandC,

long

114
102
do
7s, sewerage
108
do
108
7b, water
109K
do
78, rlverlmprovem't t 107M '"8
107H
Cleveland 7», long
+ '"
10« illO
Detroit Water Works 7s
xlOO
t
t
VSH Elizabeth City, 1880-95

95

do
do
do
do
do
Asylum

Land C,

68,

Buffalo Water, long
83H Chicago
6s, long dates

,

l.iu

78.I0-..

m

85«

d5
do
do
do
do
do
Iowa Midland, Ist mort. 88...
Galena A Chicago Extended. xl05 106

StI

81J«

m.gld.

1

aa

do
2dm. 7.S.II), do
l:.D
do
ist's, gd
do
Ist 7s £
do
do
1st m.. La C. D.
dn
Istm., I.AM.D.
Ist
m.,
I.
A
D.
do
do
Ist m., II. A D
dn
Istm.. C. A .\I.
do
consul, sink, fd
do
2dm
N. Western sink, fund
do
Int. bonds
cousol.bds
do
ext'n bds..
do
do
Ist mort...
cp.gld.bds.
do
do
reg. do

A

ht.

.

Istconsol.,
con. conv.

,

Chic.

100
lOS
113

6s, '.973-78
6», 1883

do

so
ss
56
!»
56
CB

1st

I

A Wilkes B. con.guar .S7
Am. Dock A Improve, bonds 40
Ch. Mil. A St. P. ist m. 8s. P.O. xUH
do
do
do
do
dn
do
do
do
do
do.

may

Omaha A Soathweatern RB. 8s li«
Oswego A Rome 7b, gtiar ....

,

ex-matared coup,
.!d mort ...

do
Peoria PekIn A J. Ist mort ...
Peoria A Hock I. 7b, sold
do Ex A Nr(Y.,'n, coup.
do
«qnl[>*t bonds.
PortHaron AL.M.TB,g.end.
do
con. convert...
Pnllman Palace Car Co. atock.
do
do Bx. NaT.,'78,A prey's
bd8.,llB, 4thBertea'
Borne W'town A Og.l at m.con.
Great Western, Ist m., 1888.
8t. L. A I. Mt. (Ark. Br.) 7a, g.
ex coupon
do
107
St. L. A Saa P., 2d m., class A.
dJ
2d mort.. '93.
do
do Ex A Nov.,'r7,coUi)
do
class B.
ni
Qulncy A Toledo, lat m., '90..
do
do
claaa C.
Sonth PacISc Ballroad.lst m
do ex mat. A Nov.,'J7,coa.
64
St. L. A So'eaatern Ist 7a, gold.
IlIlnolH A So. Iowa, lat mort
St. Lonla Vandslla ft T. H? Ist.
88
37Jii
do
ex coupon. ...
45
Han. A Cent, Missouri, Istm
do
2d, gnar
S&ndnsky Mans. A Newark 78.
Pekin LInc'ln A Dec't'r.lst m
Sioux Clly A Pacific 6s.
Western Union Tel., 19U0,coup 107«
D8>i
reg ... 107 10?X South Side, L. I., lat m. bonds.
do
do
do
sln'k. fund...
ibsVl
Sonth. Cent, of N. Y. 7b, guar.
iniscellaneona Llat.
B6J4
Southern Minn. Ist mort, 8b...
{.BroketK' QitotatlonH.)
do
(8. 1st

6s, 19:7, coupon. !06J(i
69, 1917, roglat'd
J., 1st m., new... xlil

do
do

do
do
Lehigh

North. Pac,

iBtm.st.L. dlv.

p»r

tfi«

•ouaiTtme.

I

A Waba8h,ex coupon
do
do

8. F. Inc. 6«. '«a

Central of N.

lib"
new bonda
7a, eudoraed. ...
7s, gold bonda... lOS>j
6a, coupon, 1879. .
101

7a,

IlUnola

do
do
do

I'ol.

Bid. Aak.

.

do
Ssslnk'gf'd.A.AO
Chic, Rtlel. A Pac.

20

as

7a. .MISS. O. A H. R.
4
4
la. Ark. Cent. KU...
105
Connectlcur 6a
Georgia 6a

do
do
do

...

St L.Jack.A Chlclatm.. ..
Cblc. Bur. A U. 8 p. c, lat m.
do conaol. m. 7a
do

RR.

B.

1I3S,
10 «H
107

Ohlcftgo

ISU
IHM
ISM

YORK,

FrictH re)tre*ent the psr cent value, whntever
BIOURITIKS.

A Alton Ist mort
Income.
Jollet A Chicago, lat m
La. A Mo., 1st ni.. guar

State Bonds.

a previaua page.

on.

BBOURITIKS.

Bid. Aak,

BSOlJBl'nBS.

llau.iiiia 3t,

Stocks are quoted

A

.'<ashvUle Chat.

m.8B
Ss...,

St.L. 7b..
NsBhnlle A Decatur, 1st 7b....
Norfolk A Petersburg lat m.Bs

do
de

do

Northeaatem, 8. C,

78

3d m. Ss
1st

m. 8b.

.

do

2d ui. 8b..
Alexandria, lats, te.

Orange A
do
do
do
RIchm'd A Peterab'g
Rich. Frc'ksb'g

A

2d8,6B..
8dB,8a...
4tlis,88..
Ist in. 7b.

Poto. 6i
do mort. 7b

do
Rich. A Danv. Ist consol. 6b
Southwest HH.. Ga .cony .7B, '86
S, Carolina RR. Ist m. ;b
7s, 19IB
do
7b, non mort
do
do
stock
Savannah ft Char. Isl M. 7b...
Charleston A Savan'h 6b, end
West Alabama 3d m.ss, guar.,
latm. SB
do

PAST DfE coirrows.
Tenneasee State coupons..
South Carolina consol
Virginia coupons
do

consol. couD
Cltr Coupova

Mhiiiii>i1«
•

l-H-

.-..

!<•»

..

..

,.

93

96

THE CHRONICLE

114

NEW YORK LOCAL
Bank

Stock

XXVI.

[Voi,.

SBOUiirriBS.
Insurance Stock List.

Ijlst.

(Quotations by K. S. Bailry. broker,

COMPANIKB.

Marked thus

DiVIDKNDS.

COUPANIBS.

(")

Are not National.

America^
American £xch

Bowery
Brewers'

&

&4

Amount
s.ooo.occ

.665,900

6.000,00(1 l,8-i9,200
250 000
211,70i;

.,

Gro's'*

150,010
900
1,000,000 1,239,500
200,000
19,t0l
500,000
2,00O,0OC
399,800-

Broadway

Head*
Butchers & Drov..

Bnll'8

Central
Chase. ..,
UhathaiH

3M,0O0

CHy

.

Commercial*
Continental

Corn ExchanKe*..
Hlver
Eleventh Ward*..

flast

Klfth

Avenue*

100,COll
129.6C0
500.0011 1.052,500
8911,300
, 750,000

first
n>artti

Fulton

'600,000

Ger. American*.
Ger. Exchange*...

i'000,OW

Germanla*
Greenwich*
Grand Central'....

'20O,0O(
200,00(i

453,E00
6,5,-; Oo
23,100
44,600
58,700

200,000

11,400

U'0,000
300,000

700

Gallatin

500,000

1

Sjocers*
anover
Import.

Nov
Jan.

2. '77..

J & J.
M. & S.

Jan

t.&J.

July 2,
Jan. 2,

J.&

J.

50,500
150,90(1

1 0OO,0O('

& Traders'

1

Irvlnff

iBlandClty*
Leather ^lanuf...

12,f00
100,000
5O0,0OC t,S43.SOo
'500,000
137,200
lOO.OiO
13,200

600,000

Hanhattan*
Hanni. & Merck*,.
Marine

45.',-C0
l,0S6,r.00

2 050,0u(i

Market
Mechanics
Mech. BkgABSo..

2.000,00(1

500,000
600,000

Mechanics & Trad

Mercantile
Merchants
Merchants' Ex
Metropolis*
Metropolitan

142

Murray HIU*

965,2((,l

5,C0O

2'JO.OOC

Hew York
Hew York County
H.T.Nat.Exch

Ninth
North America*
North Rlvei*...
Oriental*

Paciac*

Park
Peoples*

Phenlx
Produce*

316,500

51"""

St. Nicholas....

Seventh Word..

133,101!
51.40(5

300,000

Second
Shoe and Leather.
Sixth
State oIN.Y...
Third
Tradesmen's

800,00(i
l,000,00(r
1,000,00'

.

Union
West Side*

May

.J.& J.
O.

Howard

i, '78.3)^
2, '78...

Importers'* Trad..
Irving

'..31

J.& J.
Q-F.
J.& J.
J.& J.

113

,luly 2,'77...3

SO

115"

Lamar..

Longl8land(Bkly.)
Lerillard

Manuf & BuUders"
Manhattan

Aug.

MechanlC8'(Bklyn)
Mercantile
Merchants'

1, '77,

3,'7S...
2,'73...

)an.

Jau.2,

Jan,
.Ian.

'7S..,

Harlem
Jersey City

& Hoboken

Manhattan
Metropolitan
do
certlUcates
bonds
do
Mutual, N. Y

do

var
loai
100

bonds.-

10a'
25

Nassau, Brooklyn

do
New York

scrip

,..

lUO
10
UH'C

People's (Brooklyn)

do
do

do
do

Central of

bond*
certificates..

New York

var
50
50

Williamsburg
do
scrip
Metropolitan, Brooklyn
MnDli'lpal

var

A.&O

F.&A.
J.& J.
J.& J.

1

1(

-.0

&

M.

J.&

8
S,

Jan.
Jan.

3
2, '7?. ..4

Nov

1, '71

Jan.

2, '78. .4

.

190

,153

709,000 M.&N.
4,000,000
1,000,000 J. & J
325,000
300,000 J.'& J
466,000 F.& A

M.&N
F.&A
Quar.
J

Jan. 15,

Nov
Nov

..

I,'i7.
1,'77.

Jan.,

'.25

76

40

96X

Jan., '77.
Aug.1,'77.

July,
Jan.,

M. &N.

Nov 20,'77

1,00(..000
l,5(fl,0i0

100

Kldgewood

100
25

,

84
85
118
102
70

'77.
'18.

',00

Bteectcer at.dt J''uuonJ''er7't/—sik.
Ist mortgage

Sfoadioay £ Seventh Ave — stk..
iBt mortgage
Brooklyn (Tity— stock
Ist mortgage
Broadway {Brooklyn)— &i&c^...
Brooklyn rft Hunter' n Pi—stoc^Ist mortgage bonds
Sushwick Av. (fi'A:(|/n)— stock.,
\jentral Pk, N,

<t A'. Rtver—slK.
Consolidated mortgage bonus

Dry

* Battery— H^

JJock, E. B.

Ist mortgage, cons'd
Eighth Avemte—aXocb.
Ist mortgage

Kd St.
Ist

<t

Grand

mortgage
...

mortgage
Houston, West st.itJ^v.F'y—st^
Istmortgage
Second Avenuc—Btoek
3d mortgage
Cons. Convertlale
Extension
Sixth Avenue- stock
ts t morteage
1st

—

TTMrd AvPiTiue stock
Istmortgage
I'ictmtff-thira Street—^locK...

Istmortgage
'

;o

1000
100
;oo

KXX)
100

100
1000
100
5C0 Ac
100

St .^erry -stock

Cwttral Orom 'lown- stock.

100
1000
100
1000

10m

,

.

1000
100
1000
100
1000
100
500
100
1000
500 &c
100
1000
100
1000
100
10(0

145

900,000
694,000 J. & J.
2.100,000
Q-J.
1.500,000 J.&I).
2,000,000
800,000
200,000
400,000
300,000
EiO,nOO
1.800,000
1,200.000
1,200,000
900.000

IWO.OOO

Q-F.
M.&N.
Q-J.
A.&O.
J.& J.
J.

& J,

J.&D.
Q-F.

J.&D
J &
.1

.

203,000 J.& J.
748,000 M.&N.
236,000 A.&O.
600,000
280,000
250.C00
500,000 J.
J.

M.&N

,

&

1,199,500
150,000
1,050,000
200,000

Q.-K.
A.&O.

M.&N

A.&

O.

750,000 .M.&N
415,000 J.
J.
2'000,000
Q-F.

&

2000,000
600,000
250,000

J.& J.
J

&

J

hi .&N.

Broadway.

*

I

July, 1900
Jan., '78
June,1884
Feb., '78

Nov.,
Jan.,
Oct.,

Feb..

June,
Jan.,
Jan.,

Nov.

May,

Nov.,

"fi
'9S

10

10

This column shows last dividend on stocks, but the date of maturity of bonds

lU
55
113
75

Aug. ,'76.

10

10

Jan..

SO

3)

Jan., '78.15

165

•20

20

40

4J

125
800

16'

10

Jan,, '73. .5
Jan., '73.10
Jan.. '77..
JaQ..'78.3H

20
10

20

Jan.

10

10

10

10
10
2

10
12

10
10
10
12

Jan.,
Jan.,
Jan.,
Jan.,
Jan.,

12

12

10
10
20

13

55

5
io'

20
10

10

12
13

'76. .5
'78..

116

'78. 9

10
20
10

Sept.,'77..5

21

10
10

lO
10

lO
10

16

20

20

Jan.,
Jaa.,
Jan.,
Jan.,
Jan.,
Jan.,
Jan.,
Jan.,

10

10

10

11

14

11

12
20

30
10
10
20
30
20

30

3J

20

10

Jan.

"78. .6
'78..
'78.
'78..
'78.
'73..

'73.."

12

16

20

20

'20

17

Aug

16"

10'

io'

.July!

10

10
13

12

30

20
20
20

Jan.. '7S.,
Oct., '77. .5
Jan.. '73.30
Jan..
Jan.. '7S.in
Jan., '78 "
Jan., '78. lu
Ian.,'77SX
•"
78. 9
Jan., '78
July, '77. 6
July, 76 6
Jan., '78.
Jan., 78.10

12

30
20
20

122,215
869 816
13,291
83,587
t 70.106
8,370
80.981
219.183

20
2'J

Jan

20

18

15

20

2J

li)

10
10
10
13

10
11

25

10

10

Jan

10

n"

,'77..
'77.'!

59.560
163,259

H6

151,8811

12M

15

IIK Jan.,'7S.7>«

10

10
20
23
16
10
20

10

Feb.,

16

Jan

20
16
10
23

Jan.,

20

20
16
18

20

1

iOSX
190
150

'78.10

,

150,55(1

t

156

Jan., 78.10
Jan., '78.

20
12« 15K 16

77.457 .10
156,263 16
192,769 llO
251.537 114
201.451 10
406.550 12

20

95

'73..
'78..

Jan

sa 3K
10

130
135

'73.10

,

Jan.,
Jan.,

u

20

150
105
100

'78..
'78.10

20

none

'iso"

Jan.. '78.10

20
10
20
18
20
11
20

10
20
20
25

90
110
90

Jan., '78..
Jan., '78..

10

30

22,630
500,391
132,714
410.076
189.085

'73..
'78..

85
145
185
95
103

'78. .10

20

10

20
20

65,593
159,503
132,772
73.175
tl57,018
110,317
185,46s
293,659
815.907
182,031
65,715
191,002
125,411
229,508
128,189
341,235
260,514

A.

Moras, Broker,

155
Dl
95

145

7ax
40

511

100
i:u

•Ian,, '78.
'78.
.!uly,*77,6'

100
125

Feb.,

10
t

Jan

,

12s
«J

90
r2o
125

'73.. '
'73.
'78.

140

,'73.

lU

Jan., '78..
Jan., '78.10

10

200

Wall Street.]

Feb., May Aug. & Nov

do
do
do
do

May & November.
May Aug.& Nov.
do
do

do
November.

Aug.& Nov.
May & Novcnber.

Feb. .May,

....1869.

7

6g.

var.
var.
var.

r)y

(jo

May &

—

CIO

do
do
do
do

Feb.,

.

6

N.

C.

do
do
do
do
do
January
do

do
do
do
do
do

&

July,

do

,r

inuary

do
do
do
do
do
do

&

J uly,

do
do
do
do
do
do

May & November,
do
^o
January & July,
do
do

do
do
Park bonis

1878-80
1878-79
1890
1883-90
1884-1911
1884-1900
1907-11

'

Bid.

lAskd

100
100
102
103
104

101
103

103
105
10*
118
107
103
107
119
103
101
118

lu
106

187l!-98

101

1877-95
1901
1878-93
1678
1894-97
1889
1879-90
1901
1888
1879-82
1896

100

1891

1(«

US
107
100
117
101

105

102

113

les
102 H
102

109
105
105
109
107

IIIB

OKKKH..ir., rtroKer. 2H ^vallst.l
1878-80
1881-95

104

191.5-31

116^1 113

lot
1:0

101

nw

lis
118
103
108

1903
1915
WOti-lSOn
1881-95
1388-83
I -Ik 0-33

11:2

1924

I'li

109H

107

108

S07-191'J

U6X
106 X
10<

'06

110
IOC

flat.

[Quotations by 0. ZABRirKtK,

100
1U5

130

10

10
13

2M,836

lMl-63.
Water stock
1851-57.
do
Croton waterstock. .1845-51.
..185-2-60.
do
do
Croton Aqued'ctstock.1865.
pipes and mains...
do
repervoir bonds
io
Central Pai k bonds 1858-57.
..1858-65.
no
do
1870.
Dock bonds
1:75.
do

Jersey (Aty—

July, 1891

iFeb ,
|May.

none

KiU York:

*AU Brooklyn bonds

'j7

5

Jan., '78..
July, '77
Jan., '78..

Bonds due.

Brldg.-

'8S

'78

Jan.,'78.7J^

Months Payable.

Bridge bonds...
Water loan
City bonds
Kings Co. bonds

Oct., '83
M.iy, '77
July,l«90

Feb.,

651,837
691,800
135.012
317,639
11,181
57,663
112,397
509,394
105.686
1,002.7^4
40,393
138,366
109,11s
61,099
t 117,568

do

«:h

'77. .5

1,846

Park bonds
Water loan bonds

Nov.,1901

iw"
140
110
65
60
140

'78. .8
'77..

Jan., '78.10
Jan., 78.6-65
Oct., '77.10
Jan., "78 .5
Jan.. '77 .3

510,165
lU.0O!i
6,078
133,145
165,156
103,461
16,653
96,000

DAUtm,

City bonds

April. 'sS

July,1894
Jan.. '78
April, '=5

12,207
13,376

160.326

aroo*:ii//i--Local Impr'em't-

'78
'81
'77

Jan..
July,
Jan.,

iN-raREST.

do
New Consolidated
Westchester County
muotalions

'78
'93

40
il2

Jan., '78. IC
Jan., '78.10
Aug'77.7-;4

City Secnrltles.

[Quotations by

do

92)4

'77.10

re->reaeined by scrip is
tContlnental,12'50; Standard, 12-48.

do

40

70
57

re-lns'arance. capital and scrip,
t Tha surplus
deducted, and ihe figures stand as actual net surplus.

Consolidated bonds
Street imp. stock'

62«
Jan., '78
Dec.,1903

Dec,

t7S5,36C

1860.
Floating debt stock
1865-68.
Market stock
1869
Impt jvement stock

'SO
'78
'76

1(5

)72J5I

WUiiamsburB City. 56
• Over all liabilities, including

.

[Quotations by H. L. Gbamt, Broker,

Jan., '7S..5

Feb., '77.. 5,
Feb., '78.10

t339,009
192,160

200,000
300,000
200,000
200,000
200,000
200,000
200,0(»
200,000
200,000
200,000
200,000
150,000
250,000
800.000
250,000

10

ABk<
70
100
145

50,1(6
77,195
5,245
10,451
108,863
411,956
28,806
306,910
229,351

Bid.

July, '77..
Jan., '78. .5
Jan.,
Jan., '78..
Jan., '77. .4
Jan., "77. .5

t2 60,328

150,000
1,000,000
200,000

100
25
50
100
100
25
25
25

Last Paid,

187111876 1876 1877

150,1X10

Ml

Stuyvesant
Tradesmen's
United States
Westchepter

103
103
ss
103
f5
100

''e2.'

J.&

1,000,000

133K

Jan. 15, '78

Var,

1,000.000

65
100
98
170
a:o

'77
'77

F.& A. 3«g'Aug'.,

Republic
Resolute

}

40,.350

800,000
200,000
200,000
1,000,000
300,000
200,000
300,000
200,010
200,000
204,000
150,000
150,000
200,OCO
200,000
1,000,000
500,000
200,000
200,000
300,000
200,000
150,000
500,000
200,000
8,000,000
150,000
500,000
200,000
200,000
200,010
150,000
280,000
150,000
300,000
150,000
200,000
300,000
200.000
250,000
200,000
150,000
200,000
200,000
300,000
200,000
200,000
210,000
300,000
200,000
200,000
500.000
350,000
300,000
200,000

50

Safeguard
St. Nicholas
Standard

165

'7'

1,

50

Star
Sterling

Aug.1,'77.
'75
Jan.,

Nov

50
10(1

Keller

Rutgers'

Dec.21 '77
Jan. i5,'7b
Oct. !,|7.

Juue,
June,

City...

Produce Exchange

2,'7ii..

J.

Quar.

000,000

var 1000,000

—

&

.VI.

1.000,000
500,000
5,000,1 00

85
100
lOO
100
50
25
26
100
20

...
Peter Cooper.
People's
Phenlx {B'klyn) ..

Date.
Var.
Var.

SIM

Park

*
25 2,000,000
20 1.200,000
1000
320,000
50 1,850,000
•20
886,000
50 4,000,000
100 2,E0O,OOO

50
50

Pacific

2, '78..
3, '78..
1, •78..

Gas and City Railroad Stocks and Bonds.

Brooklyn Gas Light Co
Citizens' Gas Co (Bklyn)
aertiiicates
do

50'

Niagara
North River

NovlO.'77,3j«

ParlAmount.

National
N. Y. Eqnltaljle...
New York Fire ..
N. Y. & Boston ..

New York

[Gas Quotations by George H. Prentiss, Broker, 30 Broad Street.]

Gas Compakiks.

50'

Nassau (B'klyn)..

WVA

Aug.l3,-7;2H
Jan. 2, '77..

Jan.

25
50

Montauk (B'klyn)

Jnly.lS'74.3X
Feb.4,'78.,,S

F.&A.
J.& J.

100
25
50
25
100
100

;

Lenox

Mech.&Trad'rs'...

1. •77...

30

20
40
50

Lafayette (B'klyn)

J8n.2,'78...i

jaa.

!«

Knickerbocker

2, '78.3

Nov

100
100
15
50
50
100
25
50
50

Jelferson
Kings Co. (B'klyn)

»'J

•77,3)4
Xov. 1, '77..
Jan. 3. '78 3>.

Jan. 2, '77.,
July 5, '77
JulyI,'74.SM
Jan. 2. '78... !>

&

200.000

3, '76.. .5

Nov.lO,'77,..S

4

50
50
25

Hope

300,000
200,000
400.000
200,000
200.000
200.000
200,000
800,000
200.000
200,000
153,000
300,000
210,000
350,0(X1

17
10
10
100
100
100

Home

1,'77.2H

Jan.

Farragut
Firemen's
Firemen's Fnnd
Firemen's Trust...
Franklin

Gebhard
German- American
Germanla
Globe
Greenwich
Guaranty
Guardian
Hamilton
Hanover
Hoffman

Jan. 3, '78.3><
Jan. 7, '73. ..5
Oct. 1,';5. .4

J.&

1,200,000

76"

Nov.l.

72.S00 J.&.J.
3il.900 J.& J.
40.400 J.& J.
174.300 M.&.N,
325.600 J.&,l.
8I9.90C
J.
675,700 M.&N.
86,800 J.
J.

300,00(1

1,000,000
200,00ft

Exchange
95}<

Jan. 2. '78...
Feb. 9, "8..
Julyl,'75..3X

&

350,000
1,500,000
1,000,000

Emporium

Jan. 2, '77...
Jan. 2, '78.3X
Mch.l,'75..4
Jan.2, '7S...7
Jan. 2, '78...
Jan. 2, '78...

Jan.
Jan.
Jan.

Fire

Empire City

SOT.l,'77..3

154,406
181,600 J.
J.
12,500
2S3.C00 f.&'a!

l,0OO,0(Kl

Bepubllc

Commerce

'74...
11, '77..
2. '77...

May
May

J.&

r2,500

20
70
:oo
30
100
50
100
40
100
100
so
50

City
Clinton

Ciommercial
Continental
Eagle

Feb. 1.

75.100
17,300 j'.&j'.
60,500
J.
19,600 .J.& J.

400,000
300,000
422.700
2,000,000
412,500

IWX

Oct.l0,'77.3H

M.&N.
M.&N.
M.&N.

A.&

1, '77..
7,'73...4

Jan. 2, '78... 260
93
7>i Jan.2, 78...
Novl,' I7...0 140
10

47,100 .\I.&N.
73;, 600 .!.& J.
10
90,700 .J.& J. 114

1,000,000
3,000,000
200,000
300,000
1,500,000
1,000.000

Citizens'

320X

&A

818,700 .J.& J.
251,700 .J.& J.
37.600 1.& J.

I, '78, .2)

July 2, '77...
July 1. '76. ,.3
Oct. l.'77.2K

J.& J.

3,000,000
1,000,000

Jan.

& M'lst'rs

Columbia

J.& J.
M.&S.
J.& J.
J.& J.

133,6(Xi

Bowery

Jan!'6.''76V.'.3
Feb. 1, -78.. .5

.J.& J,

i,ooo,oo(r

500,000
3,000,000

Nassau*

800'

'77...
•78.3>,

2,' 78.'. ^3

Nov.

May.
May.

F.

Arctic
Atlantic

.5

'an!

Jan.

6,60C ,!.& J.
61,000 J.& J.
301 .-too .J.& J.
9,«,!00 .J.&,I.
80,900

1™J,(W'
400.000
1, 000,000

17

Amity

2, "78.

Jan.2,"78...3

Q-J.'

M.&N.

Brooklyn

American
American Exch'e.

Brewers'

.!.& J.

M.&N.
A.&O.
F.& A.

Broadway

25
100
50
100
100
30
50
35
100
25

^tna

KOH

2

Sent.l '75.

Q-F
&

...

Hftrlem*

M.&N

J.& J

I

Adriatic

138

2, "f
1,'77..

Par Amount. •'^^j

Bid. Ask,

Last Paid
Jan.

J.

300,000
Bl-m'ly
600,000
175,20U J.&.J.
1,000,000 1.5il,8C0
5,000,000 2,711,300 J.& J.
100,000
S.OOtt J.
J.
1,250,000
260.6S0 J.& J.
1,000 000
791 .400 F.&A.
43,40l' J.& J.
350,000
SI',' OH J.& J.
200,000
51,100 U-J.
150,000

Citizens'

Commerce......

J.&

1875. 1876,

4,4u('
176,601:
S,l;9T,8'J0

450,00t!

Chemical

ffiftta

Period

65 Wall street.)
DlVrDBNDB.

INkt feUK
PLra

Water loan, long
1869-71
do
1868-69.
sewerage bonds
Assessment bonds. ..1870-71.
Improvement bonds
1868-<9.
Bergen bonds

47

Montgomery

St.. .Tersey City.]

January & July.
January & Juiy.
do
do
Jan., May, .Tulv ^ Nov.
J.& J. and J & D.
January and ,lulv.

1895
1899-1902
1877-79
1891
1905
190(1

iul
1(9
100
1(8
109

1

102

1:0
lOl

109

110
105

101

fbbrcabt

a,

THE

ia78.j

ClHteOTflOUfe

3not0tmewf0

"^"^

STATE, CITY AND CORPORATION FINANCES.
"The "

Supplement" Is published on the last Saturday
of each month, and furnished to all regular subncribera ot the
CnnoNiCLB. No single copies of the Supplement are sold at the
iDTeatore'

as only a Bufflcient
abscribers.
oflSce,

number

is

printed to supply regular

ANNUAL REPORTS.
Memphis &

Charleston.

{FortTie fiscal year ending

June

115

Total bonded debt aflor the past-due Income bonds
and Intereat and
the pai-tdut. coupons from cousollUated bonds
are funded Into
coiiBondatedbuuds...,

30, 1877.)

The annual

report lately issued is an interesting document,
as it gives an account of the important financial changes recently
made.
After remarking upon the previous condition of the
company's finances and tlie impossibility of increasing the earnings
sufficiently to provide for annual charges, the President, Mr. li. T.
Wilson, says
" To meet the exigency thus presented, a financial operation
under which the debt due the" State of Tennessee could be
bought, and the lien held by the State to secure it assigned to
individuals upon terms profitable to your company, appeared to
be the only resource left it.
" As you are aware, the board called a meeting of the stockholders, which convened on the 3lBt of May last, in the city of

4117C00

%i,xm^lM

" Under the plan for the refnodinfr of the company's Indebtedness, a new series of consolidated 7 per cent gald bonds, dated
August 30th, 1877, and maturing January Ist, 101';, has been prepared, and a new deed of trust executed to the Farmers' Loan
and
Trust Company, of the City of New York, to secure the payment
of the same. The agirregate amount of issue provided for
ia
$4,700,000, of wbich $1,400,000 have been used, as previously
stated, in connection with the assigned Tennessee debt,
and
$2,436,000 set apart to provide for the redemption of the 1st and
2d mortgage bonds now outstanding, under proper limitations
for securing their faithful application.
This leaves $804,000
with which to redfera the remnant of outstanding old consolidated and iticome bonds and paBt-due coupons on the same, which
will suffice for that purpose and leave a surplus of
$307,000

unappropriated.
" Respecting the nature and terms of the lease previously
referred to, it may be proper to state that it would probably be
more appropriately named if styled 'a treaty of friendly alliance'
between the two companies, and from a brief synopsis of which
it will be found: 1st. The East
Tennessee Virginia and Georgia
Railroad Company is to operate your road at the cost and risk of
the latter, but without charge or profit to tbe former for doing
so, and account for and pay to tbe Memphis & Charleston Railroad Company all net proceeds, first applying so much thereof as
may be necessary to tbe payment of interest on your bonded
indebtedness, and in case of insiifflciency of net proceeds for that
Memphis, at which two measures .'or financial relief were submit- purpose, tbe East Tennessee Virginia & Georgia Railroad Comted.
The first looked to aid through the stockholders, which pany may advance the deficiency and charge interest on it at the
rate of six per cent per annum, and if it fails to advance it and
failed, and the alternative, a lease of your road to the East Tennessee Virginia & Georgia Railroad Company upon terms stated permits a default in interest for one month, it works a forfeiture
in a draft of the proposed leaao, which was read to and approved of the lease, provided all balances due East Tennessee Virginia
by that convention, and in conformity with a resolution passed & Georgia Railroad Company have been settled; and, 2d, the
by it, has been made and entered into between the two com- East Tennessee Virginia & Georgia Railroad Company must pay
panies, and, as was anticipated, the credit of your company was any balance of net income on the Ist day of October In each year.
thereby so improved as to induce Messrs. A. Iselin & Co., of New Provision is made for a preferential interchange of through busiYork, to buy from the State of Tennessee the debt and lien which ness upon terms alike equitable and beneficial to both parties,
and either party may cancel the lease by giving six months' notice
it held against your company, which has Ijeen acsigned to the
Farmers' Loan & Trust Company, under the provisions of a tri- in writing to the other, and upon the further condition that if
partite agreement between Messrs. A. Iselin & Co., the Farmers' the Memphis & Charleston road is the party giving the required
Laan & Trust Company and the Memphis & Charleston Railroad notice, for a cancellation of the lease, in order to carry the canCompany, bearing date August 21, 1877, to be held in force by cellation into effect it must first pay and discharge any advances
said Trust Company for the benefit of certain consolidated bonds, which may be owing to the East Tennessee Virginia Si Georgia
Nob. 1 to 1,400, inclusive, which were given to the said Messrs. Railroad Company."
A. Iselin & Co. as additional security for the State debt, and in
COMPABATITB STATEIIESTS.
consideration of this delivery of bonds as additional collateral,
Gross Earning),
the said Messrs. A. Iselin & Co. stipulated that, upon the pay^rom
1877.
isre.
increase. Decrease
ment by the Memphis & Charleston Railroad Company of the „
Passengers
$194,734
$4;0,0S10
..
..
$i-,3S5
interest and principal of the said $1,400,000 of consolidated bonds, freight
491.865
tI4,i80
J3,S9S
15,3.15
14,^55
j54o
the trustee is authorized, and it is made his duty to cancel the Express
Mail
87,484
4,.896
18.1U
assigntd State debt and lien, without further consideration or Rents
« •">»
31,.^"l
38,5«4
payment by the Memphis & Charleston Railroad Company and Miscellaneous
8599
S,t99
the said A. Iselin & Co. further stipulated to sell, and did sell,
Total earnings
|961,.350
$-2,016
tl,03?,36G
and have delivered to the Memphis & Charleston Railroad ComOrdinary and Extraordinary Eitpensee.
pany $700,000 of its outs-.anding 7 per cent consolidated bonds
For
1817.
18:6.
Increase. Decrease.
„
for the sum of $143,275 in cash.
This
:

.

;

.financial operation,
together with profits heretofore realized by the payment of interest to the State of Tennessee in Tennessee coupons in connection
with it, and together with profits resulting from the purchase
and payment by the company of $142,000 of Tennessee bonds
which it had borrowed, resulted in a profit to the Memphis &
Charleston Railroad Company of $1,033,931 in principal and in
an annual reduction of the interest charge of $51,277.
" In addition to the reduction in our indebtedness, just stated,
the proceeds of $320,000 six per cent bonds of tbe Nashville
Chattanooga & St. Louis Railway, which were received in payment for the sale of the McMinnville & Manchester and Wincliester
& Alabama Railroads will further reduce it, so that your aggregate indebtedness of all classes, over available assets, will stand
at $4,264,833 as of the first of July last, instead of
$5.471, 2.j0, as
it appears from an analysis of the general
balance sheet of the
30lh June last, and the annual interest charge is reduced from
$307,224 to $298,542 per annum, without considering tbe
premium on gold in either case, which makes but a very small

difference.

:

.

,,

$173,07.3

$I88,5S8

l.'S.COl
fS,5"i6

ni,S6l

199,498
4i,i90
7,3ii7

Total Pjpenfes
t64?,'27
earnings
3l7,52i
The earnings from through freight for the last
Previous year
-Vet

$10,515

f

(0 6.^3
22l'979

17,259

&.013
93,'48d

4,&30
18,434

47,H!il

85,63*

$712,1:6

$68,.'i08

iil,UO
fiscal

year are.

.

8.708
$170,43S

..

ISK.SSS

Decrease,
The earnings from local freight for same period was this year.
Last year
Increase

$8,806

EQUIPMENT.

The road equipment consists of the following 43 locomotives, of
which 2G are in good order, 6 in running order, 5 in bad order and
6condemned 4 sleeping coaches, of which 3 are in good order
and 1 condemned 12 first-class passenger coaches^ of which 7 are
in good order, 2 in running order and 3 in bad order; 14 secondclass passenger coaches, 4 of which are in good order, 4 in running order, 4 in bad order, 1 condemned, and 1 used as boarding
car on construction train 3 baggage and mail cars in good order,
built during the present year
4 postal cars in bad order 1 pay
car in good order 24 stock cars, 30 of which are in gool order, 1
in runninf: order, 2 condemned and 1 missing
434 box cars, of
wbich 277 are in good order, 74 in running order, 51 in l>ad order
and 32 condemned 94 platform cars, of which S5 are in good
order, 24 in running order, 14 in bad order and 20 condemned
65 coal cars, of which 35 are in good order, 23 in running order,
3 in bad order and 4 condemned.
Tbe general balance sheet of June 30 is so materially changed
by the financial operations above noted that to give It would
simply mislead. 'I'he coastruction and equipment account stands
:

;

;

" Of the Nashville Chattanooga & St. Louis Railway bonds
received for the roads sold, all but $110,000 have been disposed
of, and it is hoped those remaining on hand
can be marketed
shortly."
Tbe following exhibit shows the indebtedness of the Memphis
& Charleston Railroad Co. as it stands July 31, 1877, after entries
lor financial operation are carried into same
__,

Coadncling trnneportation
Motive power
Maintenance of cars
Maiutenance of way
General expenses
Conetraction and equipment

nOATINO DI»T.

.

OnlatandiiiK fint mortgage conpona
OoUlanilingBecond mortgage coupons..

»5 0no

Blllipayable

85,700

"

14411;

Pay and materUl rolls
Teachers
Claims
vM.iijn
R. T. Wil?on * (.0. for SlVi.OCOt'eimesseebonde;. '.."'..'... .....

i
,,ni
*'•"
,

H,:Oi
1

railroads
Interest accrued on drat mortgagee fromMav'l.'.'.'.'.'.V..".'.'.'
Amount paid A. Iselin Jt Co., for $100,000 consolidated bonds

Oiri

esiegi

Doe to

,""i
h'tTon

.'..'.

l^f!

m

$•88,9.51

ChatUnoosa &
mi.Svi^.?^.''!^
utuer
assets includlDg balaacea due
''

St.

Loula bonds («9X)

$«J«,40:i

(m!i6S

...?,
'

Tbtal balance floating debt

tK«,5«9
Ifioliso

;

;

;

;

;

;

therein at $8,640,054.

Bichmond & DauTille.
(For the year ending September 30<A, 1877.
The annual report just issued has the following
The gross earnings of the Richmond jc Daaville and Piedmont Railroads were $909,317; ordinary expenses of maintenance
and operation, $502,833 amount expended in extraordinary im;

THE CHRONICLR

Xlb

proveaients of property, $113,887; balance, net earnings, |393,591; amount received from interest on investments, $43,982;
Northwestern North Carolina Railtotal net revenues, $336,573.
road ntt earnings w^re $15,018. North Carolina Railroad total
earnings, $467,995 total expenses of maintenance and operation,
$304,611 net earnings, $163,384.

[Vol. XXVI.

West Chester & Philadelphia Railroad.
{For

the year ended October 31, 1877.)
a sumoiary of the road's business for the year
ending October 31, 1877:

The following

is

;

;

$199,953
the roads
$839,641
Deduct interest on funded debt Richmond and Danyille
"
83,135
interest OB floating oebt
"
8^5
total interest paid on Roanoke Valley Railroad bonds
"
260,000
amount of rent of North Carolina Railroad
"
60,0(0
.
.
amount of rent of Piedmont Railroad

Total net earnirgs of

all

.

683,052

Balance, excess of expenditarea and liabilities over earnings
on all lines for the year

$83,093
is.. .55'29

The ratio of working expenses on Richmond and Danville Railroad
The ratio of working expenses on all lines is

pared with 1876

Dec.

Inc.

1877.

1876.

Total
K.,iiu Caio.ina

1

ailroad

Northwestern North Carolina Railroad

$613,637
814,816

937,193
492,339
38,775

$

$83,019

84,868

8-2,004

16,ti.37

907,317

27,680
84,343
4,604

33,971

be seen from these statements that the total freight
earclngf, as compared with last year, were increased on all lines
$15,937; the total passenger eariiiDga were decreased $55,099;
and total earnings from mails, express and miscellaneous were
decreased $17,566.
A material increase of through tonnage, though at average
rates less than those of the previous year, has yielded an increase
of gross revenues from freiglit tr.ilfic on all the lines for the year,
uotwitbBtanding tiie large
as stated, of $15,937; and tl.i^
diminution of tonnage from reveral cl is«es of local traffic. The
mile tons transported on the

Eichmond & Danville road for the vear were increased
Of which the increase on through freights wa-'
The mile tons on all lines for the year were increased

.

.3,749,899
2,173, yo6
5,t6'i,413

The nou-produotion

in 1876 of the usual crop of tobacco, the
chief agiicultural staple produced along a large portion of the
'I he
line, liaa reduced materially the revenues from local traffic.
reduction in tobacco freights alone being eleven miUioua of
pounds, and in gross earnings $36,013. Other local traffic has
been thus incidentally affected, and local travel reduced to an
amount lower than known at any tima since the construction of
lie road.
As to financial transactions the president remarks
"In comparison with the condition at the close of the previous
year, it may be stated that of the matured bonds of the company there have been presented and paid $13,700. Bills payable
is.-ued
show an increase at the close of the year of $22,401.
Accounts payable and pay rolls, a reduction of $20,265. Balances
to connecting lines, &c., a reduction of $39,508.
balance of the
bonds of the Roanoke Valley Railroad Company, guaranteed by
this company, to the amount of $9,500, have been purchased at a
cost of $4,190, and the guaranty of this company cancelled. This
discharges fully all liallility of ihis company on.accouut of tlieae
bonds. Of the annuity to the State for this year, there is a balance unpaid of $21,222. The balance due on Tredegar bridge
account has been reduced by payments $12,043. Of the general
mortt age gold bonds, there have been issued during the year
$178,000 sold at 80 net. The issue and sale of these bonds
were by the board deemed necessary and proper in payment for
the large extraordinary outlay made during the year in the
Improvement of the roadway and property, chiefly new rails.
"Much of the roadway has been substantially and permauenily
improved to such extent as will doubtless effect a mate ial
economy in some of the heavy items of current annual expense.
During the year 2,210 tons of new steel rails and 2,043 tons of
new iron rails have been put on the Richmond & Danville and
Piedmond Railroad, with an improved fastening, and a considerable amount of stone and other ballast put in the road bed at
such points as most required it."

A

—

GENEBAL ACCOCNT, 8EPTB»BEB

30, 1877.

Dr.

To capital stock
To balance due

State of

$3 866 400
Virginia (annual payment of

To bills layabie..
To accounts payable
To p.iy rolls (month of September)

m
To interest line on
,

,

.

,

u
^
bonds

'

.

3 370 300

.

.'.'.'.'.

•••

895,968
56,858
34^700

'

'—

.
.
unclaimed

'

387,5S6

,

To interest due on ytate loan
To bridge and track to Tredegar Works
To Nonh Carolina ailroad (rent)
To connecting lines, individuals, &c., balances .!

'

6»M86

•••

r^H'-V'-i-;--^-bonds outstanding
To

8,589
.'.*.*.'.',!

2r222
32)931
64,502

],,,

I

i

.!

i

bills raceivable, as

$332,274

OFEBtTIHe EXPENSES.
Taxes and ground rents
Net addition to permanent improvements
Ridley Cieek iron bridge entered in revenue account
Material on hand increased

.."!.'!

S7,'768

.

1()5,0;3

$6 879 853
179 174

'*,
]

,...1,

ttib.

'

$819,310

$113,964

total receipts

receipts.

&

the following
ASSETS.

LIABILITIES.
I

Costof road
Cost of iquipment
Cost of viaduct
Cash

$l,0;i.548
390,086

&

Total assets

6'j,

.

$3,117,047

DISBtlBSKMENTS
Expenses of operating road
Paid interest oil bomis

$19ii,959
2:9,87.l

Total

25,860

Bal. to credit profit

Total income

$339,979

. .

b6,500
1,008

Paid interest on notes
Paid rent of Nashua & Rochester Railroad

9,0:8
11,981
5.784

rniiedStates mails
From rent of property
Dividends on Nashua & Rochester R. R. stock

2,053
4,713

Total

$3,117,017

passi'ngers
freight
car service

99,i>i3

Tot. cap'l stock and debt. $!,89«,181
220,Sii8
Bal. credit proflit and loss .

HS

INCOME.

From
From
From
From

$1,789,300
1,000,000

.

Notes 'jayabie
Unpaid dividends
Unpaid interest warrants. ..

86,493
1,025
475.300
25.517

Roch. B R. stock.
Sui dry ac< onnts
and
other
materials ....
Iron

Nashua

Bonds payable

114,9.33

Bills receivable...

Capital stock

|

and

loss

.

116,724

$524,301
4.563

$58?,8J3

The earnings and expenses of the Nashua & Rochester Railroad are embraced in the foregoing statement. The net earnings
of the Nashua & Rochester Railroad the past year were $18,345
in excess of 1876.

GHSNERAL INVESTMENT NE W^S.
Boston Dividend and Interest Payments.— Mr. Joseph G.
Martin, stock broker. No. 10 State street, Boston, gives his usual

monthly statement, remarking that "the Chelsea & Brookline
Gaslight each paid 3 per cent early in .Tanuary. The Norway
Plains and Winthrop Manufacturing Companies not decided.
Kearsarge passed. 1 he Salem Gas Cmpany pays 3 percent on
demand. The Central Mining C mpany (of Lake Superior) will
pay an annual dividend of $5 per share, February 4, in New
York. The York Manufacturing Company has reducei its capital
from $1,200,000 to $900,000, and par value from $1,000 ti $750.
The stockholders will receive a dividend of capital ol 25 per cent
($250 per share) February 1. 'Jertiticafes of stock must be preSfnted to secure payment. Interest coupons on the Galveston
Harrisburg & San Antonio Railroad gold 6s of 1910 will be paid
February 1 on bonds presented at the office in this city, but they
are mainly held in New York or London. Under the date of
November 20, 1877, the Atchison & Nebraska Railroad Company
proposed a plan of re-organization of its securities, by which the
holders tliereof will receive iheir first coupon interest on its new
bonds September 1, 1878. The National Revere Bank has reduced
its capital from $2,000,000 to $1,500,000, and will redeem, at par,
February 1, one share in four."

—

ChiCiigo & Lalfe Huron. The receiver lately asked the
United States Circuit Court for authority to purchase $8,000 worth
of iron and $30,000 worth of ties, to put the road in good condiHe states that arrangements tor traffic now being made
tion.
require the immediate improvement of the road bed.
Judge
Brown said that already receiver's certificates had been issued to
the amount of $.500,000 to $600,000 on this road, and he thought
it ought to ba able to take care of itself for the next few months
Testimony was taken as to the necessity for new rails
at least.
and ties to prevent accidents and loss of life and property. Judge
Brown finally granted an order for the purchase of $8,000 worth
of iron rails, and such ties as are absolutely necessary, not exceeding $7,500 in value.

Chicago Miiwanlice &
mary of the year's business

Panl.

St.

— The

following

is

a sum-

:

Ino or Dec.

1877.

1876.

Gross earning*
Total expenies

$8,114,894
4,640,4i3

$8,054,171
4 953 384

Inc..

$liO,724

Dec.

412,890

Net larnings

$3,574,460
2,140,871

$3,10f).S47

2,lBl,08i

Inc.. $473,613
Dtc.
20,810

$l,43.3,^89

89.j9.7li5

Inc.. $493,8:

85^,213

8:9,213

$574,875

$30,551

Interest charges

'889',631

27 .^09
44,'60C— 2,a31,825

82 833
53,713
200,840

—

Nashua.

(For the year ending September 30, 1877.)
The report to the Massachusetts Stite Commifsioners shows

'

4:jij)i)o

'

R,
oy

15,450
10,000
1,739

Total outlay for the year

$8,897,728

Cr.

By cost of road and property
By Piedmoiit Railroad Company
By Piedmont Railroad stock
By Norihwestern N. C. Railroad stock and bonds
By Greenville county bonds
By Spartanburg county bonds
By supplies on hand p r inventories
By connecting lines, individuals, &c., balances
By profit and loss

$198,120

Netincome

Worcester

4.i7,995

will

It

per Treasurer's account.

1,000
8,092
4,315
2,547

from all sources were $332,274, and the total
ordinary expenses, excluding taxes and ground rents, $178,700,
showing the operating expenses to be about 54 per cent of the

Richmnnd and Danvire Railroad—
$589,618
243,937
Passenger earuiugs
98,642
Mail?, express and miscellaneous...

on

1H.7U

Gross earnings

The

:

Freiiiht earnings

Interest

$207,673
_ _

_

58"55

table exhibits the decrease of earnings as com-

The following

SABNINOS.
Passencer fares
Freight...
^ight
Telegraph receipts...
United liiiates Mail ..T
Rents

Balance
Seven per cent on preferred stock..
Surplus

*-'^'5M
4^,810

t6,297,72«

.

& Dayton.— This company submitted
Cincinnati Uaiuiltou & Indianapolis bond-

Cincinnati Hamilton

a proposition to tbe
holders a few weeks since, the substance of which

is

as follows:

Febiiuary

THE CHRONICLK

3. 1878.

cunoel and deotroy
1. Tho Cincinnati Hamilton & DHyton will
the |700,00a Cini-innati Hd'uilioa & IndianapolJB l«ond« held by
it holds againBt the road
It, and will niao canc-(l the claim which
for Ill.flSC.OSa, monwy advanc-d.
2. The hoUlors of the f 1.800,(100 Cincinnati Hamilton & Indianapolis bonds to surrender one half of ihelr bonds intertsl due
July 1, 1878, on the remaining <;900,000, with ail coupons thereafter, to be promptly paid.
3. TheCiucinuaii Uamilion & Dayton will pay the coupons due
January 1, 1878, on the whole 1 1,800 ,000, one half in cash, on
the surrendi-r of bonda aa pr.iposed, and one-h'ilf in noiej due
October 30. 1378, to be secured by deposit of the coupons with

Year*.

4.

The 1900,000 surrendered

to

be replaced by an equal amount

of 7 per cent preferred stock. The asrreement to be subject to
tho approval of the Cincinnati Hamilton & Dayton atockholderp,
and not to be binding unless approved by holders of $1,400,000
of the Indianapoli.'t bonds.
It is paid that several of the largest hollers of the bonds have
agreed to accept this proposiiion.

OroMi receipt*.

1874

,

Net receipt*

l9«,!i:0,H«S 18

t!|S.0«S,134 (8

60
10>,7m.411 «7
104 831,807 08

40.2IS,M3 40
4l,Mt,l7l I*
I2,4l'f,<|g 44

ims

li'.l.t
li'.1.94ll.78H

1876
1377

Total

;

trastees.

117

.

.

Mh",8C7,081 27

ll'S.gl",*?!

for 1874 were 86 per cent of the groiic ; for
88 per cent ; for 1876, 89 per cent ; and Tor 1877, 44 per

1875,
cent.

By the
in

report

were

it is

shown

that the gross earning* nf the rna'la

and that portion of fore gn loads w. thin the State

Illinois
•

Passer ger earning*
Freight earnings
From mall, express, etc

t9.6l4,SS6
£6,';f5.201

8,S00.443

Total net earnings
Ordinary operating expenses.

$'W,579.1<i4

24.343.t8S

ToUil net earnings

tlS,2J(l,296

During the year it is noted that nine companies disbanded
$7,806,793 44ln dividend,", or an average of 4'53 per cent, on stock
amounting to $172,403,270 These nine roads have a bonded indebtedness of $105,012,670.
The following table shows the stock and bonded and floating
debts of the fifty-one companies reporting:

Cincinnati Sanduslty & Cleveland.— A despatch from Boston,
January 31, says: "Tlje aecond mortgage bondholders of the Cincinnati Sandusky & Cleveland Railroad to-day agreed to petition
for the appointment of DeWitt C. Brown as receiver ol the road
Preferred stock
percent Common
in place of J. S. Farlow, resigned, and to fund the
stock
interest coupons, commencing June, 1877, into a ten-year scrip.
btariDi; 7 p^-r cent Interest, in order to relieve the embarrassment

of the road."

»

The net earnings

M

$!)1.4H.767
251.875,559 »7
368,164,1'!0 42
6,'S3,',09 71

Bonded debt
Floa Ing debt
Total

t:e5,7»7,8»6 66

.

—

&

The rate per mile of stock and bunded and floating debts is
Mil?railkee. Mr. S. Barker, Solicitor of the Great
Western Compauy, has rccea'.ly returned from England witli a $33,057.
01 unfinished roads !he report says
The crmpan;es projecting
proposition from the bondholders in that country. The Detroit
2'rihune says: " It seems now to be practically conceded that the and building roads report the following facs; Of projected
Qreat Western proposition will be acceded to, because nothing roads there are 2,208 miles. There are favorable prospi-cts of
else or better can be done, that the foreclosure proceedings now completing 1,186 miles of these roads, of which 150 miles have
pending in court will go forward to a speedy termination, and been graded and sixty-eight Ironed. The stock subscribed
that the road will be reorganized and pass under (Jreat Western amounts to f 3,963.050, and the stock paid to $1,544,878 89, of
management within a few months at farthest. The proposition which amount $1,273,730 78 have been expended la construction.
brought over from England by Mr. Barker Is in substance iLat
Mississippi & Tennessee. This company recently cancelled
the Great Western Company will take the road and put on it a
its debt to the State of Tennessee by the payment to the State
first mortgage to the amount of |2,000,000, out of the proceeds of
Comptroller of $399,814 in State bonds.
which shall be paid the receiver's certificates, the Oakland &
Ottawa bonds, the Cleveland Rolling Mill's claims, and the other
New York State Taxation.— The Sta'e As.^essors, James A.
claims which constitute a first lien upon the property. Then a Briggs. Sterling G. HaUey and John S. Fowler, have submitted
second mortgage ehall be executed to the amount of $3,250,000, to the Logii'latuve their annual report. They refer asain to the
the bonds to be guaranteed by the Great Western Company. inequalities they have found in the various countie.s the failure
Those bonds are to be distributed among all the present bond- of the local assessors to ascertain the amount of personal property
holders, the first and second standing upon the same footing. in the hands of individual.'^ liable to taxation the general inefilThis would give the present bondholders of both classes 70 per ciency of the old statutes for the assessment of the real and
cent of the face of their bonds in new bonds guaranteed by the pfTBonal property of persons and corporations; and tlie want of
Great Western."
just laws to regulate aase.'-smeuts, and the neglect of local assessors in many districts to enforce the existing laws.
Erie. Receiver Jewett's statement for November is as folRAILROAD ASSESSMENTS.
lows: Balance November 1, $641,332; receipts for tho month,
In relation to railroad assessments, they say
$2,073,120; disbursements, $2,250,404; balance December 1,
"The land and superstructure of a certain railroad Is assessed
$457,048. The disbursements were $184,984 in excess of the receipts.
The amount of Receiver's certificates outstanding De- by some 300 assessors, and it Is not fair to presume that many, if
cember 1 was $1,608,916, bt'ing a decrease of $353,330 during any, are experts as to the value of the road. It is scarcely an
exaggeration to say that the assessments are as unlike as the
the month.
complexion, temperament and disposition of the assei-sors. An
Fitcllbnr^^ The'annnal meeting of stockholders was held in illustration In the town of
county of
the
Boston this week. The following vote was adopted
Railroad is assessed at $507,000. 'fhia town has 43.593 acres of
Volfd, That pcwer ie hereby given to the directors of this corporation to
The perland, assessed in 1876 $1,449,390 (railroad included)
do and tx-rrorm any and all the acts, matters and things which the FitchburK sonal property was assessed $13,950. The population in 1875 was
Raitroadare aaihorized to do by the 3d aud 1th sentions of the 40lBt chapter
5.487.
Thus the railroad was assessed at more than one-third of
of the staiules of 1S74, aud any acts amendatory and coulirmatory thereof.
The President stated that the directors had no intention of the whole assessment of real estate in the town, and of course
paid more than one-third ol all the State, county and town taxes,
increasing the capital stock at present, but before another annual
lieferring to the census of 1875, we find the following statistics
meeting it might be found necessary to do so.
in regard to this town: 4'85 persons to an Inhabited house, .S3,6!9
Illinois Railroads. The report of the State Coir missloners for acres of Improved land, 4,303 teres of woodland other lands,
the year ending June 30, 1877, gives the figures quoted below, 4,031 acres cash value of farms, $3,845,705; farm buildings and
which differ materially from the report taken from the Chicago dwellings, $1,348,565 total value of farms and buildings, includTime* and published in the Chronicle of Dec. 1, 1877, on pag.- ing dwellings, $4,194,370. Amount of sales from produ;;t8 of
533.
laims in 1874, $337,533. Tbis shows an Income of nearly 6 per
Pertinent to the late railroad strikes, the Commissioners give cent for farm products sold (amount consumed on farms not
the following table of average wages paid per annum by the included), yet tlie railroad is made to pay more than one-third of
roads mentioned
the tix upon property that the owners and census enumerators
in the town valued a't $4,194,370, products of which were 6 per
.0
a
cent. This single fact Is good evidence that some change is
i
«8
&
i"
necessary in the law regulating asseaaments of railroads, as well
S.a<2
NAMI or BOAO.
a
M
as other corporations."
2
I
Detroit

—

—

;

;

—

:

—

,

:

—

,

;

;

;

:

.

Lahore

^1

i

B.O.

& C

C. ic A..
C. R.I.

&P

U.S.

&M.S...

StL. A S

$9ri()oo $400 oo t400 00 $300 00
784 SC; 631 60
414 72
334 S6
500 2.
403 1-3. 318 60
1,085 09
i.ois ml :6i 00
4»<o oo,
5to oo

J.iOO 00

316 OS

3Ki t8
40J

831 48i

Western Union

THE OVER- TAXATION OF BANKS.

CO

1,085 80

617 921
648 40

873 iO|
487 71

390 ne
30 1 3a
StiO Oc)

H

37»5?

From

the ranks of the employees whose wages are given
above the strikers of laist summer came.
The number of miles of road operated by the fifty-one railroad
companies reporting to this office is as follows :
LXNSTB or HAIH LIKE AMD BKANCHKS.

Toul
Halnline
Branehts

CDBnUhed roads*— miles completed

In

line.

I1I1doI>.

11,097X

6,a67X

i,Vit>H

J,0fl8)i

68

63

Toul mileg
7,433?^
15,M1J<
A comparison of the receipts and expenditures for the past
four years shows the following result.
Gross and net receipts from 1874 to 1877, inclusive
.'

:

•

The GrayvlUv

&,

Mattoon and the Chicago MUlingtoa and Western.

Assessors call the attention of the Legislature to the
shrinkage of bank capital, as follows:
In the City of New York the amount of personal property
assessed In 1876 was $318,026,343. Of this, some $85,145, 116 were
assessed as bank stock, leaving for other corporations and perThere is no difflcnlty in ascertaining tlie
sons $133,481,339.
amoant of bank capital, but can any man tell the full and trae
value of the stock t Is it good public policy, is it judicious leglsl»tion to tax either National or State banks on anything more
than their capi'al, and if the capital has been impaired from any
cau89, ought not a corresponding deduction be made t Onerous
taxation has already caused a reduction In bank capital to the
amoant of $20,000,000, and if the surplus is to continue liable '.o
assessment a further reduction may be expected to the great
injury of our trade, commerce and manufactures.

The

PERSONAL PROPKRTT.

We have heretofore

called attention to (he inadequacy of existing laws for the equitable assessment of personal property, and
our experience and observation Incline as to the beliel that \U

THE

118

CFilONlt^LE

the duty of the Legislature to make the law in this regard more
effective, or to repeal all laws taxing the personal property of
individuals. As the law is now it is a matter for the taxpayer
to decide whether he will he subjected to a tax on pereonal
property or not. He can evade the aesepsment without let,
hindrance, or penalty, if he chooses. The assessment of perfonal
property in mauy counties goes to show that in many cases the
owner of personal property chooses not to pay tax thereon. In
the counties named below the assessment per capita of personal
property, deducting corporation, is given opposite the name of
each
$102 60
Broome
$11 00 Putnam
$25 00 Besex
Cayuga
Chautauqua
Chenango
Columbia

42 80

Kings

49(0

Monroe

17
60 50
49 40
58 60

Oneida

Ofl

Dutchese
Briu

Onondaga
Orange

Oswego

TAXATION IN

15
25
34
76

Queeue

42

NEW YOKK

37 CO

KenBeelaer
St. Laurence...

50
tO
00
61 75
10 50

55 00
13 lO

.

Stenben

31 60
21 30

Warren
CITY.

laws of 1859, provides that real estate
in the City of New York shall be "assessed at the sum lor
which such property would udder ordinary circumstances sell."
There is no appraised value, as in other parts of the State, at
which a creditor would take real estate to satisfy a debt due from
a solvent debtor. The circumstances from 18C3 to 1873 were very
different from what they have been since 1873, cot only in the
City of New York, but in all parts of the State. Why have two
rules of valuation, one for the City of New York and another for
the other counties of the State ?

Chapter 302, section

9,

Eailroads of all Connlries, January 1, 1877.— The follow
Ing table, compiled by a venerable statistician, who has probably
had more experience in the preparation of railroad statistics
than any other man in America, ia presented as an approximate
statement of the mileage of railroads in the world at the beginning of 1S77:—

4,ii29

...

4.3

North America,

Honduras

,

Costa Kica

Cuba

Ilailroads.

Miita.
77.170

United States.

Canada
Mexico

Length of

(Spaniph)

Jamnica

(British)

Panama (Colombia)
iliddle America.

Colombia
Eeuador
Venezuela
Guiana (British).
Brazil.

XXVI.

Commercial ®ime0.

^!)c

COMMERCIAL EPItSiK
Phidat Night, Feb. 1, 1878.
have at length experienced severe winter weather. A
snow storm has interrupted railway communication throughout
the North and West, and serious marine disasters have occurred. Our streets also are blockaded with the snow, making
the movement of merchandise difficult. The agitation of the bills
wbich are now pending before Congress, to make silver coin a
legal tender and to reduce the import duties on foreign merchandise, are also disturbing elements which are felt more or less in
trade and manufacturing circles. Then, too, the late failures
and defalcations have unsettled credits. Altogether there is a
disposition to restrict operations and keep business within very

We

conservative limits. Our export trade continues good.
There has been much depression in pork and lard, under a
greatly increased production and a large accumulation of stocks,
New mess pork sold to-day at
liut the close is at some recovery.
$12 on the spot, and was held at $12 35 for February, March and
April, but the close was flat. Prime Western lard was down to
$7 65, spot and February, $7 75 for March, and $7 85 for April,
but closed 5c. above these figures. Bacon has been quite active
at Cc. for Western long and short clear together, on the spot and
for the last half of February. Cut meats are in demand, and
more steadily held. Beef has met with a fair demand at firm
prices, but beef hams are dull. Butter has ruled dull; but cheese,
though not active, has advanced to 13i@14c. for prime to choice
factories. Tallow iias met with an active demand at 7J(g7 ll-16c.
for prime.
Winter hog packing in the West, Nov. 1 to Jan. 33, 1877-8:
lR77-'78.

1876-'77.

Nov.

Nov.

Jan.

No.

At six principal points
Estimated

CotTNIBIES.

[Vol.

all

1

to

23.

3, -250,000

other

1,787,978

1

to

1876-'77.
1 to

Nov.

Jan. 81.

March

2,875.000
1,5:6,413

2,291,065

4.453,418

5,101,308

4,-298,553

....

1.

1,810,-243

Capital Cost.
Total.

(

Per Mile

$

4,148.060,791

53„W7

317,7115,468

64,474

88,816,154

Grandtotal
Do. to previous week

96318

82,802

4,504,Wa,4tJ

51,403

66
29
459
28
48

4,963.600
2,8l7,sro

8-!,636
97,14'*

8!,fi9S,930

71,2.39

1.810,000
12,000.000

41,154
250,000

618

5).779,830

87,083

42
76
31

3,297,619
5,781 ,9.i8
2.978,01!!

78,514
76,078
76,205

21
1,324

l.S7.%0ilfl

6r.,476

5,037,978
4,461,424

summary

The following

is

a comparative

from October 27

to

January

26, inclusive:

1877-'78.
14,878,600
150,965,364

18r6-'77.
17,931,400
158,715,592

87,83-2,009

71,39-2,876

253,676,971

248,089,8ii8

Pork, lbs
Bacon, &c., lbs
Lard, lbs
Total.'.lbs

of aggregate exports
Increase,

Decrease.
3,108,800
7,750,230

16,139,13-3

For the first week this eeason, an increase over last season ia
shown, and it may be noted that five or six vessels have been
chartered in the past few days, to load provisions for the
Continent.

139,059,t-91

105,030
ll'5,f.71.

1,466

201,719,678
90,.»2.166
lll,87B,99a

47

2,119 1.6;i8

.S7,334

62,89J

Bolivia

Kentucky tobacco has been only moderately active, the sales
week aggregating only 800 hhds. of which b50 for home

for the

,

consumption and 450 for export. Prices are a trifle eaeier lugs
quoted at 3(34^0., and leaf at 5(ffil0c. Seed leaf, also, shows but
a moderate business, the sales of the week amounting to but 875
cases, as follows
50 cases sundries, 5 to 16o.; 150 do., 1876 crop,
Pennsylvania, 9 to 20c.; 150 do., 1876 crop. New England, 9 to
50 do., 1676 crop,
20c.; 475 do., 1876 crop, Ohio, part 8(gl0c
Wisconsin, private terms. The movement in Spanish tobacco has
bren decidedly more active, and includes 500 bales Havana at
80c.((i|l 15, and 481 bales Yara, I and II cut, on private terms.
la coffees, either Brazil or mild grades, little of importance has
been done, and prices are not over and above steady; fair to
prime cargoes Rio quoted at lCi(a)18c., gold stock here, in first
hands, on the 30ih ultimo, 103,1-33 bags. Rice remains very
steady, with a fair jobbing trade going on. Molasses continues
dull 'for foreign
but domestic has sold fairly at 30@o0c., the
lat'er for fancy.
Frosted lots quoted at 23c. Refined sugars
have been rather quiet, but standard crushed is still quoted at
9|c
Raw grades have been exceedingly dull, and more or less
;

:

Peru

1,744

Chili

977

Argentina

,

Paraguay
Uruguay
South America

Great Britain,
France
Spain

231

14,529,701

6,987

5:8,009,101

96,029

16,872
12.724
4,11J

1P5.061
ial,817

Portugal

709

3,391.073,881
1.453,7I9.i01
875.454,374
55,561,976

Belgium
HolTand

2,S08

338,8',I4,8:I7

1,2')2

819

118,254,192
58.406,976

2.517

15fl,3a5,>36

cfcc.

.

Denmark
Sweden
Norway

.W3
18,229
18,471

Rusi-ia

92,428
7j,912

8i,2.1l,3!'7

9 !,:«)?
78,364
15), 485
69,741
71,315
6»,108
61,619
r,S,21'.l

6,!i79

Hungary

903,469,151
0.604
679,152,022

3,967

306,2i.-i,77a

Switzerland

1,341

90,92-,;,4'S

TB.'IKi
(i.,8)3
ii8,656

Germany
Austria

Italy

4,849

Tiirltey

997
791
7

Roumania
Greece
Europe.

Turkey

in Asia
India (British)
Ceylon (British)
Java (Dutch)

Phillippines (Spanish).

China
Japan

1.77!t.8i

478.4-26,452
102,1'.I,713
7r,68l.68-i
600,0.

9 i,:i24
97,318

102,419
98,311
71,429

10,580,615,937

549
6,937

546,8M,3f6

81,605
78, '27

9,9(57, :)70

1118,55 (

17,2i«,9I6

,'J8.1il6

17,475,7i:i

ii-ifi",'!

8iNl.00'i

20.0.0

20,817,610

;

;

easiness prevails

Fhds.
Stc,-;U

Janua-y

1878

1,

Receipts since January 1, 1878
Sales eincc January 1, 1878
sti.ck January,*), 1878

Stock January

31, 1877

Bags.

Boses.

S3.745

7,247

11-2.601

IS, 574

13,'i97

83-2, ,380

16,301

13,218
7,328
6,S97

260,585
84,398
17,357

iifi'.i

4,101

Melado.
13

667
615
as
1.0M,

Business in ocean freights has been very fair rates for stean
tonnage have remained steady, owing to the moderate supplies,!
but those for sailing vessels have shown irregularity and weakWheat to LiverLate engagements and charters include
nesa.
pool, by steam, 9i(ffil0d.; cotton, Jd.; provisions, 40(a50s.; grain,]
liy sail, 7|d.; flour, 33. 4id.; cotton, 15-64d.; grain
to London, by {
steam, O^d; cheese, 45@50s.; flour, by sail, Ss. 3d,; grain, 5s. per
qr.
hops to Hull, by steam, |d.; flour, 3s. Od.; do. to Bristol,
by pail, 2s. Gd.; and by steam, 33.; grain to Cork, for orders,
5s. 9d. per qr.; barley to Cork, for orders, Os.; refined petroleum.;
;

92,217

92
296
2T9
10
67

;

111,48-J

:

4,167,500

b2,5l;0

7,S80

616,719,451

77,774

1,163

72,022,2';4

;

Asia.

^

Egypt
Tnni?
Algeria (French)

Capo Colony

(British).

NamaqinilandNatal (liritifh)
Uauritius
Africa.

2,-n8,'80
27.94-. 844

61,928
5!,706
47,612

149
93
6
C6

7,i(a..'is9

.',0,091

813,019
253,845
1,657,595

8,749
4H.I31
38,145

2,106

112,577,838

53 456

554

43,4'5.(;76

Queensland
Vicoria.
South Australia
Western Australia.

ai'8

7P,494
61,013

702
327

TaHmania

New

Zealand

Auslra'aHa.

Grand

total

per bbl.; do. to east coast of Ireland, 4s.; do.
Today, business
to Bremen, 33. 9d.; do. to Stockholm, 43. 6d.
was limited, and rates unchanged grain to Liverpool, by sail,
wheat
to London,
1\A.; flour, 23. 4^d.; cotton, by steam, l(ffi9 32d.;
by sail, 53. 21 per qr,; grain to Penarth Roads, 5s. 4id.; do. toj
L'sbon, 14|c., gold, per bush.; no petroleum charters.
There has been little of importance done in rosins, and quotations have shown irregularity and easiness; common strained J
|1 57i(@l 60; good do., |1 62i@l 65. Spirits turpentine also
WIS quiet until the close, when a speculative demand set in, and
about 2,500 bbl s. were sold at 31c. Petroleum has latterly exhibited more steadiness, owing to firmer Creek advicfs; crude, iai
bulk, 7i@7ic. refined in bbls., for prompt delivery, at 12^0.
Ingot copper about steady, with 150,000 lbs. Lake sold at 171c.,
cash.
Grass seeds quiet at 8(@8ic. per lb. for clover, and $1 35(9
hiskey firmer at $1 09, tax paid.
1 40 per bush, for timothy.
to

Liverpool,

3s. 6d.

I

'

;

Wales..

New South
.

42
687

88

18,181,874
68.8 18,MO
16,067,»S9
1.661,191

167
57a

27,078,116

49,107
43,716
47,662
4-,767

2,6t6

183,273,164

as, 771

191,805

16,324,ti48,324

84,015

7,%9,628

j

fl7,7;)0

;

]

W

j

FXBRUART

THE CHRONICLR

2, 1878.1

O OTT

ON.

Fkiday.

Thb Movbmbnt or TBB

Febuary

p. M..

low middling and
good ordinary and

1, 1878.

Chop, as indicated by our telegrams

For the week ending
Soutli to-nigiit, is given below.
this evening (Feb. 1), the total receipts have reached 15!},18(J
balea, againnt 161,059 bales last week, 153,737 bales the previous
week, and MS.OUl) bales three weeks since, making the total receipts since the 1st o( September, 1877, 3,117,741 liales, against
8,144,189 bales for the same period ol 1876-7, showing a decrease
Rince Sept. 1, 1877, of 20,143 bales.
The details of the receipts
for this week (as per telegraph) and for the correBponding weeks
of five previous years are as follows :

from the

Roe«lpt9 this

Now

Orleans

week at—
.

1817.

1878.

.

Mobile
Charleston
Port Royal, Ac.
Savannah. Aa...
Galvecton

3l/,&4«

60,834

35,795

6J,037

46,68;i

10,097

11,478

11,7.^8

11,107

11,341

10,7i6

18,403

9,818

6,533

9,899

12,006

9,^68

157

2,613

1,'24

14,617

13,005

18,706

17,198

15,858

13,aS6

1-2,!8S0

11,220

ia,8S9

15.495

309

860

400

11,612,

12.621

6,!62

Indianola, Ac...

Ac.

Florida

North

11,658

6W

1«3

496

359

3,314

1,619

1,842

19,128

11,055

9,966

11,850

15,812

18,4-7

3,868

598

488

S73

933

667

159,186

138,374

'M.Srd

103,152

147,669

126,521

NorfollE

City Point, Ac...

UPLANDS.
.laa.2S.

Ordinary
V
Strict Ordinary
Wood Ordinary

Good

Strict

Week ending
Feb.

this

_

Great
_ ,. ,

ContlFrance
Britain.
nent.

1.

New Orleans'...

85,566

Mobile

4,700

Charleston

2,510

Savannah, Ac...
Galveatont

1,611

New York

6,506

16,414

week.

3,050

7,760

11,627

71,531

71,695

4,146

9,186

9,179

70,545

5a,8'j7

2,500

1,121

45,614 364,781

915

20,171

99,719

68,885

23,110

79,035

91,222

6,506

7,553

3,639

604

3,618

22,277

101,209

Low Mlddrg

1.087,190 336,196 309,116

1,721.592

Strict

54,000

Good

)

58,8o7
1

20,065

Ord'ry.

Low Middling
Low Mlddl'g

Strict

Middling

Good Mddling
Strict Good Mfddrg

20,167

:2V

12«

7-16

12 8-16
12 11-16

36,000

!2«

12V

Th.

Fri.

m

<>

lOX

'.0

!0V

10 11-16

lOV

U
nn

1-16

Feb.

1

11

13-16

Via
12K

12 18-16 12;<

Middling Fair......

Feb.

.
preases unsold or awaiting orders.
t Oalresion.—OaT Galveston telegram shows (hesldcs above exports) on shir.
'"'"
""'•
""'
cleared:
For
Liverpool,
19,4?4 bales:
other foreign.
?iS> ,. ,
'" coastwise ports, 1,191 bales; which, if deductedforirom
the stocB
It",?,*''
would leave remaining 51.128 bales.
_* The exports this week under the head of "other ports" inclnde from Balll""•-'
'
Liverpool,
»nd
bales
601
to the Continent; from Boston
. >^*I. ,
o.lJf bales ta Liverpool; from Philadelphia, 515 bales to Liverpool.

Sat. inon.
&ood Ordinary
Good Ordinary..

Taes

ZPORTSD

1877.

1876.

N. Orleans.

907,880

772,649

VobUo

292,599

289. -ago

Ohtrleat'n*

359,056

408.729

Savannah

TO-

1

9^

9H

Low Middling

!0

10

Middling

lUX

lOX

8 tS-16
9 7-16
9 9-16
97-H
9 18-16 10 15-16 > ;3-l«
10 5-16 lOX
10 5-1«
10
lOX
10 15-16 11
11 3-16

Stock

620,282

123.630

863,145

80,210

145,618

69,-242

329,799 150,928 109,555
54,811

forel n

i«,oio{

79,097

51,856

9,.359

179,879

97,678

69,581

..

453,893

403.388

105,285

23,'I24

60,071

194,080

176,647

91.606

SalTeston*.

336,692

424,939

100,736

21,838

6,894

138,963

139,06?

74,521

Hew York..

53,687

81,683

152,987

3,420

Florida.....

9,566

16,847

N. Carolina
Norfolk*..
Other ports

179,244

Ex-

101,45«

2«,.301

1,780

18,397

46,478

51,900

:7,236

426,829

96,074

1,075

1,800

98,919

235.206

26.763

75,479

75,697

83,203

9,000

92,203

Dader the head ot

1023,323 305,131286,839 1620,293

Thursday

984,912

.

Quiet, steady

•ales and prices
bales.
For January.

weekly revision of quotations, ordinary,

strict

DellT.

57^

74.200

«52
493
71S

6l,2iX)

541
^30

93,300
56,100
(5.800
5;,800

3.503

"868,100

erles.

600
100
400

40O
1,900

11-9")

.ir»«
11-93

c'8.
li<l» n. 1st.. 10-9;

bales.

eta.

bales.

i;.'2oo

11-11

»,S0O

no notice

5.-00
6.20)

11-12

JOO

U-U

8,600

7.'2C0
4.-40O

l:-n

2,m)

il-lB
ll'l*

yav

..1|.»

8,600

U-IJ

1)00

Il-M
u-si

10.1,

day

(Isl )....! -9;
lOtfs. 0.6th .lli-97
10-97
10-33
SOUS. a. 1st.. 10-99

ll-iO

6.100
7,700
4.600
S.100
6,700
B.niO
4,100

scos.n. 6th.. 11-01

2.1100

ll-w
3:os.n
lOOa.n. 8Cth.r.-98

70O

2111

2<M8.n. lat.. 1-iO

l2-i'4

ll'-99

M..I1-,0

20i>sn. 4ih..irou

Jan.

3.100

For Fahmary.
tiXJa.n
2l»
600

lBi..iO'!'S
10-38
10- '9

600
lO-W
llDs.n. I»t..l0 9l
100 s.D. 2d.. .10-91
10- ill
2llOa.U
1-41
500

4t0s.B. l8t..!.-»!
20la.n.2d...lO-9J
8110
lO-W

total of

10-91
Iffis.n
500 SJl. 2d... '11-9:1
-J.IOO

10-»3

4,000

10-M

iW. no nolle

11-01

3600

11-02

2.700
4.900
4,000

1108

lUti

110

lst..1(,-.)ll

aoQoilee

till

10 96
10-*i

30ai,n.4th -K-it

till

i:-0«
11-C7

Kill

IJOO

1108

2.'.0O

800

11-09

i,0.f
11.100
6,000
7,400

Feb.

For March.
1.1100

9,700
8.S0U
7.000

1^100

MOD
•,009..

11-02
ll-OS
11-01
11-05
ii-r«
ii'o;
ll-OS

U'O
,,..,..m»

TOO

11-2?

11-23
11-24

aio

MO

U-2J
ii-n

.VX)

.11*31

8,300

.It-R

U-iS

March.

total

.11-88

For April.

2.100
1.600

4J,iaa total

Far May.

'!-«

8)0

.U-SI

I.-IOO..

ll-M

•i

1,1C0

3,600

jd

no notice

ss.goj total April.

11-20

..1121

4W
I4.>,200

et*.
. .11-18
..Il-St
..tl-IS
.11-81

11-li
11-.

S.71O

.......1105

d»y (aist).. 10-99
Silts.n. lth..IC-»5
10- 9«
IWs.n

f

;i-oi
11-D5

S'lth

I.TW

100,
*

6.0UI

t:>

aOJs.n.
I

lo.

1.000
1.6O0

•20tiB.n.

89M23

good ordinary,

cts.
11-81
11-92

1,600 total

678,490

the telegraphic figures, because in preparing them it is always
eeessary to inr/>rporateBverv correction mafle at the ports.
The market for cotton on the spot has been quiet throughout
the past week. Quotations were on Wednesday reduced l-16c. to
11 116c. for middling uplands. An advance in gold and exchange has not enabled shippers to do anything of moment.
Business has been almost entirely for home consumption. Stocks
continue comparatively small at this point. To-day, at the regu-

~w

11-16
7-l«
J"
15-16
9X
5-16 10 5-16

8^,
"*'"•

sit.

572
652
493
680
50i
530

steady

baips.
200
210
300
100 t.n
2t»

Clt<irI««(on la

These mail returns do not correspond precisely with the

Frl.

KoT forward delivery, the sales (including
free on board)
have reached during the week 30S,400 bales (all middling or on
the basis of middling), and the following is a statement of the

42,500

3,035,815 1855,525 237.032 210,367 1762,924' 918.850^

Th.

IVed.

Spec- Tran- _„,.,
'Otai.

Con-

Wednesday Quiet, lower
Friday

tnclnded Port Koyal, &c.: under the head of
SnlsMlonls Included Indianoia, Ac: under the head of Mor/oUt Is looluded Ulty
Polut Ac

lar

3-I«

11

8
9
9 7-16
9 li-18 9
10 5-16 10

9>4

10

sump, ulafn

.

9,56«

110,218

Tot, lart yr.

10 15-ig
11

9-16
11 9-16
13-16 11 13-16 It 13-li
12 5-16 12 5-16 12 5-l»
12 13-16 2 13-l< 12 iS-l«
II

SAtKS or SPOT ANT> TRAS8IT.

Spot Market

Saturday.. §nlet, stoatly
Monday .
ulct, unch. quo.
Tuesday .. ult, unch. quo..

133,896

359,935

Tot. this yr. 2,aS8,555

*

22,83-

U-16 lOX

11 S-16
11 9-16

IfABEET AND SALES.

port.

Coast-

wise
Poru.

ToUl,

Britain

1.

8V

Total

Qreat „
Other
„ ,. , Prance ,
„

Frl.

Jan. 31. Feb.

1

8 11-16

8J.

Strict

Closed.

foregoing statement It will be seen that, compared
with the corresponding week of last season, there is a decrease
In the exports this week of 25,174 bales, while the stocks to-night
»re 15,331 bales more than they were at this time a year ago.
The following is our usual table showing the movement of cotton
ktall the ports from Sept. 1 to Jan. 25, the latest mail dates:

1.

Vi 13-1

Th.

Jan .26. Jan.«. Jan .29. Jan.30. Jan .31. Feb.l.

From the

P0BT8.

11

>•

^

8IN0S 8SPT.

11

STAINED.

1,S89,307

Orltatu.—Om telegram lo-night from New Orleans snows that (oesidei
wore exports; the amount of cotton on shipboard and engaged for shipment
at
that port Is as follows: For Liverpool, 50,750 imles; for Havre, 39,750 bales
lor
Me Continent, 35.250 bales: for coastwise poru ,4,500 bales; which. If deducted from
tne stock, would leave 214,500 bales, representing the quantity at the landing
uu,««iu,n
and in
i
j
• Btu)

BXOBIPTa
aiHCZ SEPT.

S-l<
»-l»l
IS-lt
12 5-li
11

!2X

Frl.

Jan. 31

11

UX
IIX
nx

12 5-16

Th.

10 11-1«

!-!9

UK

ilX

15-K
lOH

7-16

3-16
9-16

8X

8 11-16
9 7-16

9 5-16

U

8 13-16
9 9-lS
10

II
11
11

8 13-16
9 5-16
9 9-16
9 U-lo 9 13-16 9 11-16 10 15-16
10 3-16 low
10 3-16 lOX
S-16 lOH
10 9-16 lOX
10 11-16
10 13-16 10:
10 13-16 11
1-16 11 1-16 l?f-.6 It 1 16 11 3-16
7-16
7-16 U 1-16 11 7-16 11 »-16
11-16 U 11-16 11 11-16 11 11-lS 11 13-16
3-16 12 5-16 12 3-16 12 3-li> 12 5-16
11-16 12 11-16 12 11-16 12 11-16 12 13-16
7-11
13-16

9-16

10 7-16

Frl.

Jan. 31

1.

i%
9X

S 13-16

\0%
;-i6
11 7-16
11 r.-i6
12 3-16
'.2 11-16

IIS

Jan. 29. Jan. 30.

.Jan. 30.

83<

10 8-16

u

UX

l',-16

I2H
12«

12«

10 15 -IC 10

1C»

11

UK

IIX
fi^

iS"

lOX

U

7-l«

1(1

Tnes Wed. Tnea'Wed.
8 11-16
9 1-16
9 13-16

n«

10

Ilk-

'.IX

U

126,333 907, 402 892,181
1

!2:V

10 15-16

11 1-16

11-11

nx
n%

K%

10 9-16

Jan. SI. Feb.
!

IIV

11»

12^

lOX

Th.
Ordinary
fl b.
Strict Ordinary
Good Ordinary

10 7-l«

iix

ilM
IIX

'i%

9J<
10 5-16

10«

10 15-16

10
to 7-16

lOV
lOV
lOV
U'V
lM-16 11 1-16 U 1-1« lll-l«

11:^

2"
914

i%
Hi

8X
9X

834
10

Jan. 30. Jan. 29. Jan. so. Jan.UJ
9 7-16
9 13-16

.Jan.26. Jan.2tl.

9X

10
10 :-i6

IIX

UK

8 11-16

Fair

Total this week.
Total Bince Sept.

5,490

lOX

11«

12K

Good Ord'ry. ;0 5-16
Middling.... . 10«

Low

135,400 284,280

32,388

U'X

lU 15-1« 101 5-16 10 15-16

UV

m

87,035

2,762

Norfolk.
7,914

••!

lOX

ft.

Strict

1877

65,542

10 5-16

lt>4

Middling
11«
Good Middling
UH
Strict Good Mlddl'g n\
Middling Fair...... MM
Fair
12V

13,53i

945

Other port«t

1878.

18n.

10 0-16

9><

11«

Jan.;!9.

Ordinary
*
Strict Ordinary
Good Ordinary

Stock.

Same
week

9»
9H

^%

9X
10 5-U

Toes TTed. Taea

Strict

Total

9K

Middling
na
liood Middling
im
Strict Good Mlddl'g
Middling Fair...... 12X
Kalr
12K

The exports for the week ending this evening reach a total of
101,209 bales, of which 5S,8i}7 were to Great Britain, 20,063 to
France, and 23,277 to rest of the Continent, while the stocks as
made up this evening are now 907,403 bales. Below are the
stocks and exports for the week, and also for the corresponding
week of last season

JanJ«. Jan.28. Jan.26. Jan.28.

Jan.SS

»X

Low Middling
lOX
Strict Low iflddlV 10 15-16

non.

Sat. Itlon. Sat. iTIon. Sat.

ft.

Ord'ry. IOS-16

OKLKAVS,

N.

Sat. nion.

1.... 3,117,741 13,141,189 3,066,184|2,rj3j,772 2,693,481 2,379,82S

Exported to

strict

week

7,418

1,801

977

ordinary Jc; stained reduced l-lOc,
except for middling. For future delivery, there have been
sharp lluctuations on the variable and often contradictory
reports which have been reeived by cable regarding th« political
and military situations in Turkey.
Last Saturday was very
excited, a considerable advance being established at the close,
and Wednesday almost as much depressed. The comparatively
large receipts at the ports have depressed the later months
more than the earlier deliveries. 'This was esijecialiy the
case on Wednesday.
The improvement yesterday, in the face of
a decline in Liverpool, was due to a combined effort by the speculators for a rise, aided to some extent by purchases to cover
contracts.
Todny there was a further advance, the later reports
from Liverpool being more favorable.
The total sales for forward delivery for the week are 368,400
bales, including
freeon board. For Immediate delivery the total
sales foot up this week 3,503 bales, including 69 for export,
3,434 for consumption,
for speculation, and
in transit.
Of the above,
bales were to arrive. The following tables
show the official quotations and sales for each day of the past

14,529
2,012 [

4,166!

793

Total since Sept.

19,560

10,240

low middling were reduced l-IOc, and

strict

—

11,296

}

2,«a4

,

Carolina..,

Total this week

1813.

G4,S15

,

Teoneaa^e,

1874.

1875.

1876.

119

.

3,100

11-11

«l»

.r-H

I.'OO

1I-I7
11-18

3900
atoa

11-H

ifiK... :.:.: 11-40
11-41
SOD
.11-48
fUS

11-iO
11-21

iil
.11-81

.11-44
.11-45

11-a

I.-JOO...

11-2*

S.IOO...

y.-u

9,'200...

11-25

>,IOC...

It-M

ijm

11-27
11-ja

..

5,500...
1.U0O...

i.soo
100
I.IOU

u-w

2.(00,

11-31

4:201)

u-$i

u-«
.11-48
.I1-48

.tI'M

l.«0
•So::::..

n-29

2.«U.

.U-M

400
400

1.00
i

»,«!« Mtal

:

.11-91

.u-n

Mar.

THE CHRONICLE

120
rot June.
bUe«
11-3J
11-40

1,0M....

li-41
11-42
11-43
11-41

2.100....
1,400....

2.M0

...

8,S0O..

1,700. ..
1,400....
1,4U0....
S.IOO,...

800

.11-61
.l.-6i
.11-63

iOO
1,000

11,300

U-48

70,i

.11-47

100

.11-51

11-48
11-49
11-50

1,3110

40O

.11-52
.11-53
.11-55

11-.=^!

lOt'

.11 -SJ

.11-60
.11-61

1<.-51

SCO
500
710

ll-5i
11-51

8,000

u-n

1(0

11-59

BOO

11--.9

11)0

11-60

100

n-u
1.-53

800. . .
800....
900...
1,700...
1,300 .
100...
TOO.

l.WO
200
600
1,400
1,000

700

I

11-64
.11-65
..11-66
..11-67
..11-C8

200 ....
600
400... .
lO.OOO total

6-e

100
310

11-05
11-10

100

.1-11

400
100
IOC

11-lJ
11-13
11-15

I

U-H
11-20
il-a4

l,9ju

quite rainy.
Galveston, Texas.
have had sprinkles on two days, the
rainfall reaching ten hundredths of an inch.
Roads are improving rapidly, but require continuous dry weather. Planting preparations are being pushed forward. Average thermometer 57,
higliesl 69 and lowest 42.
The rainfall during the mouth has
been five inches and seventy-eight hundredths.
The weather here has been warm and dry
Indianola, Texas.
Roads are better and ploughing has been resumed.
all the week.
The thermometer has averaged 60, ranging from 48 to 73. There
has been a rainfall during the month of three inches and seventy-

— We

100

no
I

Weather Reports bt Telegraph.— In the Southwest the
weather has been much favorable the past week, and as a result
the roads in Texas are greatly Improved. Elsewhere it has been

eoo

total Oct.

For November.
10-95

ICO

I

Ani.

Not.

190 total

The following exchanges have been made during the W3ek
•10
•15
•81
•31

year.

For October.

il-6b
11-66
11-61
11-68
11-72
11-75
11-76

.'.1-63

,,..

totaJa show that the old interior stocks have
during the week 133 bales, and are to-night 46,976
bales more than at the same period last year.
The receipts at the
lame towns have been 7,140 bales more than the same week last
'n'.reased

7UU total Sept,

11

600
1,300
lOO ....

.u-ei

l.gOJ

HO.

11-35
11-56
11-67
11-58
11-59
11-60

800

The above

11-80
11-34
11-40
11-48

lOll

toUlJaly.

For ATlgost.

For July
.11-49
11-50

too....

bales.
200

11-71
11-72

soil

tOtalJajie.

;oo

..

11-70

SCO
500

300
f
91,000

11-4.1

.

For September.
en.

ct«.

balei.
I
300

...

aoo

|

—

;

pd to exch n Feb. f or A prl!
16 pd 10 e\ h. 2(0 Feb. for Marcli.
-27 pd to exch. 21
Sept. for Augusr

eicch. 500 Feb. for Marcb.
pd to exch. SI" Feb. for Marcb.
pd to exch. 300 Feo. for .April.
pd to cicb. 600 Feb. lor April.

pa to

•82

.

March

p J to excb. 300

-27

for ilay.

one hundredths.

will show the closing prices bid for future dethe tone of the market, at three o'clock P, M, on the

The following
and

livery,

The thermometer has ranged from 34 to

MTDDLIHe

trPLA-XDS

— AVSBtOAK

Frl.

Sat.

Mon.

Tuea.

TVed.

Easier.

Lower.

Lower.

Market - Variable. Higher.
11 U4
10 93
Jannary
11-05
10-83
Kebruary

March

AprU

ir«

Say

'll"

Jane

llSv!
11-60
irfii
11-37

3v>T

August
....

11-00

Transl. orders.

irOO
Dull.

Firm.

lllS

Wovember
Closed—
Gold..

BxchanEe

....

U-Pl

Steady.

lom

loiH

101

4 -SO

4-80

4.8j

Thurs.

Frl

Steadier.

Higher

11 01

10-9i
11-0!

11-16

n-n

!l-«

11-31
11-16

11-02
11-12
11-2;
11-39
11-51

l^5^

11 -El

U-64

10-90

11-59
11-32
il-iu
16-97
11 00

Steady.

Firm.

steady.

11-42
r.-49
11-51
11-28
11-03

11-58
11 -OS

11-35
11-13
10-97
11-00

10 -9i

Quiet.
lOJH

li«>?
4 HI

4-jlJ

11 ;«
ll-()»
11 -OS

lOi
4-8)

10-^

4

m

V1BIBI4K Supply of Cotton, as made up by cable anc
telegraph, is as follows. Tlie continental stocks are the figurte
of last Saturday, but the totals for Qreat Britain and ihe atioal
for the Continent are this week's returns, and consequonllj
broughtdown to Thurnday evening; hence, to make the totals tiif
complete figures for tonight (Feb. 1). we add "he item of etport>
from the United States, including in it the export- of Fridaj
541,000

Stock at LondOD
Total Qreat Britain stock

Stock at Havre
Stock at MarseilleB
Stock at Barcelona
Stock at Hambarg
Stock at Bremen
Stock at Amsterdam

781,000

773,000

15,250

38,250

72,250

1-26,250

816,9^0

815,250

899,250

155,000

165,500

817,500

118,250

3,750

3,000

4,500

10,250

28,000

66,000

60,000

50,000

7,000

15,000

15,500

12,500

33,500

40.250

42,030

40,600

24,250

55,500

45,000

49,250

8,500

9.000

15,-«0

14,500

3,500

5,500

11,750

4,760

7,000

8,750

10,500

14,000

270,500

358,500

422,000

314,000

826,7=0
Total European stocks
72,iX)0
India cotton afloat for Europe
American cotton afloat for Europe 578,000
Bgypt, Brazil, Ac, afloat for E'rope 23,i 00
907.402
Stock in United States ports
148,4)1
Stock in U.S. interior ports
7i9,0O0
United States exports to-day

1,174,750
84.f00
549,000
75.000

1,237,250
119,000

1,213,-250

Total visiblesupply. ..baies.2,682,643
6 3-16d.
Mid. Uplands. Liverpool

Wee

.

.

192.000
465.000
41.000
f30,753
142,3i5
26,000

89-2.;81

608,00;)
77,0110
921.56!)

99,515
33,000

131.127
7,500

2,907,4(6

3,064. 34li

B«d.

.

the month just closed.
have had Dne weather during the week,
Dallas, Texas.
Roads are practicable,
it having been warm and dry throughout.
but far from good. Small grains are promising. Immigration
Average thermometer 50,
continues even at this late date.
Rainfall for the month of January
highe.'t 70 and lowest 35.
three inches and ninety-one hundredths.
Brenham, Texas. The weather during the week has been
favorable and work actively resumed. Wheat is ciming up well.
There has been no rainfall. There is increased small grain plantAverage thermometer 61, highest 74 and lowest 50, The
ing.
rainfall for the month is three inches and six hundredths.
have had rain on two days durliew Orleans, Louisiana.
ing the week, the rainfall reaching one inch and eight hun-

1875.

743,000

556,250

Stock at Rotterdam
Stock at Antwerp
Stock at other continental ports.
Total continental porta

18:6.

1877.

1878.

BtocJc at Liverpool

2,9ia.3!8

6X0.

7X(a7X<i.

— We

We

have had five
dredths. The thermometer has averaged 54.
and forty nine hundredths inches of rain during January.
The character of the weather is retardShreveport, Louisiana.
ing agricultural pursuits. Ploughing has been commeuced by a
few, and will be general in a few days, if not prevented by
Average thermometer 53, highest
atm' spheric perturbations.
The rainfall during the week has been one
60, and lowest 38.
inch and ninety hundredths.
VicMurg, Mississippi. Telegram not received.
Columbus, Mississippi I'he rainfall during rho week has been
eighty-seven hundredths of an inch.

—

—

—

—

The weather last week was fair,
Little Rock, Arkansas
excepting Saturday, when we had a light rain. Average therThe rainfall was
mometer 53, highest 78, and lowest 37.
During the week just closed it
fifteen hundredths of an inch.
clouded Saturday, but Sunday and Monday -were clear. Since
then it has been cloudy, with heavy rains and a slight fall of
The thermometer has averaged 51, the
sleet this morning.
highest being 82, and the lowest 39. The rainfall is two inches
and twenty seven hundredths.
HashvUle. Tennessee. Rain has fallen on three days of the
week, to a depth of one inch and eighty-nine hundredths. The
thermometer has averaged 45, the highest being 53, and the low-

—

est 38.

the

—that

movement

is

lowe.st 34.

corresponding week of 1877
statement:

Week

—

ending Fab.

4,306
1,778
1,594
1,738
2,143
15.061
2,396

3,224
12,383
2,417

Total, old ports

29,018

Dallas Texas
Jefferson, Tei.(«0
Shreveport, La
Vick8i)urg,Mi8s

645
2,100

Macon, Ga
Montgomery, Ala

.

Selma. Ala
Mempnis, 1'enn

Tenn

NaehTille,

..

for the

6,136

1,

1878.

||

Week ending

Feb.

2, 1877.

Stock.ljHeceipts. Stiipmentt«
4,142
1,058

Columbus, Miss

719

Bufaula, Als

5-iO

Griffin,

Ga

182
2,790
1,883

Ga
Rome, Ga

Atlanta,

6-i5

1,157

3,'i99

1-1,409

22,416

6,921

2,153

1,20,!

62,795
6,804

28,886

146,491

2:, 678

33,077

99,515

1,051

2,231

691

677

1,600
2,975
8,110

3,500
12,395
7,573
5.082
4,875

•2,H14

690
2,205

7,423
6,414

8,.'53
6,68i>

603
611
365

l,81li

1,293

1,034

447

2,030
2,161

600

994
914
197
3,607

1,931
12,592

616
465

1,728

1,275
1,S17

Mo

8,r.29

5,6'(9

4.I1.8
1.6 i3
3fi,01«

CHnclnnati.O

6,042

5.646

5,957

1,543
9,157
6,747

8,059
68;
1,188
10,327
4,396

36,-264

83,915

98,0:'3

37,839

39,482

Charlotte, N.C.
Bt. Louis,

Total,

new

...

ports

all

65,582

—

,

—

We

10,760
9,743
9,283
6,141

thermometer has averaged "59, the highest being 66, and the
About all the crop in this section has now been mark-

lowest 53.

983

Macon, Georgia

10,166
7,918
4,29J
2.-48
3.975
1

62,801

•344,494

59,717

72,669

—

It

has rained here on two days of the week.
51, the highest being 70, and the

The thermometer has averaged

,063

3,1130

1,0S6

lowest 33.
V
Atlanta, Georgia.— li has rained steadily two days of the week,
the rainfall reaching one inch and sixty-four hundredths. The
th rmouieter has averaged 47, the extremes being 34 and 00.
Columbus, Georgia.— It has rained here severely three days, with
a rainfall of three inches and filteen hundredths. The therhere has been a rainfall during the
monieter liaa averag- d 49.
month of four inches and ninety-five hundredths.
Savannah, Georgia. VVe have had rain on three days, but
Average therihe balance of the week hiis been pleasant.
moineter 56, highe»t 74, and lowest 43. The rainfall has been
eighty-two hundredths of an inch.
i

9ii>

33,23-1

82,7-16

H^a.^to

^
(

j

•]

—

13,619
!

Total,

„

Selma, Alabama. The -weather during the week has been very
It has rained on four days, and is now raining.
bad.
have had raiu on two days thij earlier
.Vadison, Florida.—
portion of the week, with a rainfall of one inch and sixty-five
hundredths, but the latter cart has been clear and pleasant. The

Stock.

21,455
19.8 4
8,887
16,358
9,316
64,250

954
1,971
1,801

3,51)8

eted.

4,360
7,2^6

,

.

Receipts. Shipments.

Angnsta, Ga
Columbus, Ga

.

We

out in detail in thf following

is set

,

One day this week has been sU >wery, anil
Mobile, Alabama.
liing one and fi;ty
it ra ned severely one day, the rainfall rea
hundredths inches; two days of the week liave lieen cloudy and
three pleasant. The thermometer has averaged 54, the l-ighest
hive had rainfall during the
beini 73 and the lowest il.
past month of four and fifty -seven hundredths inches.
Montgomery, Alabama.— Vi e have had rain on five days, but
as the wee; closes there has been a fav rable change in the
weather. The th rmo eter has ra ged f:om 70 to 37, averaging
The rninfall has been two and forty-^ix hundredths inches,
51.
and during the month five and thirty-nine hundredt is inches.

the reieipts

and shipments for the week, and stock to-night, and

—

Memphis, Tennessee. It has rained on three days, the raintau
reachi g one and seventy-six huudredths inches, and the rest of
the week has bepn cloudy. About all the crop io this section
has now been secur.d, nnd it is being marketed as freely as
the roads will permit. Average thermometer 49, highest 1.3 and

These figures indicate a decrease in the cotton in sight to-ni,?ht
of 334,8 3 bales as compared with the same date of 1877i a
decrease of 4 l,i03 bales as compared with the correspondin.
date of 1878, and a. decrease of 329,Gb5 bales as compared
with 1875.

At thb Interior Ports

We

50.

—

11-37

The

only

averaging

— We

lu-SI

W88

71,

have had four and ninety-one hundredth inches of rain during

OliASeTFIOA-rTOir.

lu-95
10-97
11-11
11-25
i;-3!
11-50

ll-ie
tl-30
11-41
11-55
ll-f3
11-63
11-41
ll"iO
li-io
11 05

U-69
11-74
11-41
11-21
11-02
11-10

Bepti-mber
October

11-00

11-22
11-81
11-50
11-63

11-13

—

There has been no rain here this week.
Corsicana, Texas.
beautiful weather, and plou.ghing is progressing.

We have had

named

several dates

[Vol. XXTI.

I
'

]

|

FaBRUxnT

THL CITRuNICLE

1, 1878.J

121

—

Augu»l<t, Oa. The earlier part of the weak the weather was
clear and pleasant, but during the latter portion wo had heavy
rains on threo day, the rainfall reacUins; one inch and tliirty four
Planters are sending their crop t j market freely.
liandredths.
Picking in this section is pretty well completed. Average therhave had a rainfall
mometer 49, highest 71 and lowest 31.
during the montli of four inches and fifteen hundredths.
have had heavy rain on two
CharUtton, tiouth Carolina.
days, with a rainfall ol three inches and sixty six hundredths.
I'he tlieraiomcler lias ranged from 43 to 07, averaging 54.
The following staiemeni we have also received by lelegrapu
howinif the height of the rivers at the points named at 3 o'clock
VVe give last year's figures (Feb. 1, 1877) for com
Jan. 31.
parisou:

We

— We

^-Peb.

,-Jan. SI. '78.^
Inch.
Feet.

New Orlaace.. Below hiKh-wator mark

6

Feet,
8

7

1,

In'".

4

16
29
3
Above low-water mark
8
8
4
18
8
Huhvllle
Above low-wator mark
SS
1
11
breveport. ...Above low-water mark
8
31
4
Above low-water mark
S4
Vleksburg
New Orleans reported below high-water mark of 1871 until
.Bept. 9, 1874, when the zero of gauge was changed to high-wateT
inurk of April IS and 16, 1874, which is O-lOths of a foot kbove
1871, or 10 fxet above low- water mark at that point.

Weather dukino Decembeu. — The

following are the rain-

December of the past four
all of them made up from the
observations of the Signal Service Bureau, except for the few
places at whicii the Bureau has no station.

range of thermometer, &c.
These statements are
'years.

,

for

4-34
13

Rainfall— Indies
Number days of rain
Thermometer— HlKhcst
"
Lowest..

.

.

"

Average

..
.

.

650
2.50
45-9

1874.

1-94
11

314
14

590
110

12

73-0
17-0
46-3

730

33-f)

4-58
24-5

43-9

Heavy storm December 30, 1877.

rain

Thermometer— Highest
"
"

Lowest

Averaiite

No rain

fell

and

13

*510
39'

51-8

49-4

4-22

5-85

1-92

13

11

14

33-0
Lowest
541
Average
from the 6th to 22d

650
230
44-1
of

74-0
25-0
54-1

December, 1877.

4-70

6-97
15
69-5

1874.

.

24-0

200

. .

.52-5

41-8

54-8

710

.

. .

Drought from

3d, 7th, 8th, 9th, 10th, 11th
the 6th to 2lBt.

5-14
18

760
320
51-7

and 12th, 1877.

JIOBILE—
5-99

Rainfall- Inches

Number days of rain
Thcimometcr— Highest
"

-

3'01

4'17

14

10

....

730
260

750
300

Average...

54-3

44-4

57-6

Lowest

tisa

7-18

10

730
2«0

..

.

Fiiists December Ist, 2d, 7th, 8th, 9th and 10th, 1877.
Inch thick on the 1st and 2d.

14

710
340
54-3

Ice one-half

New Orleans—
Rainfall— Inches
Number days of rain
Thermometer— Highest

"
"

.

.

Lowest ....
Average
.

.

4-96

9-57

515

8
71-0

18

13
78-0

3-27

14

340

•440

360

.55-5

48-1

760
410

61-5

58-8

5-19

350

8-32

2*76

10

8

13

6

Miss—

('i)LU.MHus,

RainfaU — Inches

Number daysof rain
Thermometer— Highest
"
"

.

....

.

Lowest
Average

—

. .

. •

4*

Fayette—

Lowest
Average

**

4-20

690
100

780
25

760
320

39-2

.55-2

51-7

2-86

5-74

5-61

4-75

6
73

15

13

10

090

78-0

13-5
41-2

790
250
56-8

53-3

.'.
-

.

5 00

5-20
10

:

. . -

10

7

VICKSBUIIO- -

Number davs of rain
Thennomctor— Highest

.

.

"

lyowest.

..

230

*•

Average...

54-1

.

330

Gale on the 29th, wind

2-67

78'0

.

"

3-20
8

770
180

69-0

Thennometer— Highest

eth, 8th

9

187(S.

604
15
750
230

.

Lowest
Average
December Ist, 2d,

"
Frosts

260

SHREVEl'OBT3-75

Numberdayaof rain
Thermometer— Highest
"
"

dn.vs of rain

«

5-48

14
25-0
69-6

.

ClIAKLESTON
Rainfall— Inches

Number

C-13

730

.

1876.

Slight formation of lee December 1, 1877.
N. \\. backing to W., velocity 36 miles.

Wilmington—
Rainfall— Inebe.i

Nmubcr (lii.vH of

"

Rainfall

1875.

1877.

Nnnihordaysof rain

Number days of rain
Thermometer— Highest
1876.

1877.

Stations.

Raiiirall— Inches

Thermometer- Highest

— Iiiehes

DECEMBER.

Norfolk—

Stations.

Montoomeky—

"

It

Ifampbta

fall,

DECEMBER.

2-94
8

730
33

531

Frosts on the

220

Average

51-2

.

.

2-38

9-54

6-95

13

15

700
17
410

790
290
550

770
330
530

0-74
9

8

half of month.

NASHVILLE—
4-55
11

419

690
170

640
60

730
120

75-0

48-2

30-8

49-2

6-68
8

•200

4-50

2-49
11

Rainfall -Inches

Number days of rain
Thermometer— Highest
"
"

10th.

Lowest....

dming tirat

Frosts

7
74-0

.

.

. .

.

Lowest....
Average
. .

12

270
440

Augusta—

3-22
3-55
517
Rainfall- Inches
404
10
11
13
Number days of rain
11
710
630
77-0
Theruiometcr- Highest
770
"
24-0
21-0
Lowest..
200
28-0
"
50-2
39-1
52-1
Average.
49-1
Frosts December Ist, 2d, 3d, 9th, 10th, 11th, 12th, 13th and 15th,
1877.
.

.

Thermometer— Highest

Atlant.v—
Niiniber da.V8 of rain
Tbemiometer— Highest.
"
Lowest...
.

Average

.

Savannah-

3-44

614

6

11

660

600

710
120

21-0

14-0

550

400

406
rain

Thermometer —Highest
"
"

3-90
6

55-0

3 00
11
62-0

290
50-0

rain

—
.

..

"

Lowest

"

Average.

-.

810
120
500

350
200

4-44

2-14

5-54

15

15

11

70-0

62-0

200

30

740
210

32-6

49-8

....
-...

37-0

Memphis —
Rainfall— Inches

N umber days of rain
Tbennometei— Highest
"

..

Lowest
Average

-

. .

"

Heavy

50-5

.

December

frosts

2d, 3d, 7th, 8th

and

9th, 1877.

2-94

3

720
270

45-6
Light frost on

the 12th.

Rainfall— Inches

Number days of

Kock—

Number days of

Rainfall— Inches

"

IjITTLE

.

Lowest

.

.

....

4-81

1-41

12

13

710
290

650
200

8

800
250
560

44-9
65-1
Average...
Frosts December.ad, 7th, 8th, 9th, 10th, 11th and 13th, 1877.

1-66

11

Galveston—
Rainfall— Inches

760 Number daysof
37-0
54-6

"

5-80

.

680

11

Lowest

"

.•..

rain

Thermometer- Highes t

.

....

Average...

Deoembor

Frosts

let

and

3-71
8

9-71

6-92

13
73

720

35

700
260

400

55-9

50-2

61-6

18
39-0
59-5

7th, 1877.

Columbus, Oa.—
5-60
8

Rainfall —Inches
Number days of rain

Thermometer— Highest
"
"

Lowest
Average

.

6-17
8

3-88

6-96

INDIANOLA—

680
200

8

16

74

R.iiuf all—Inches
Number days of rain

44-0

540

22-0

500

Thermometer- Highest
"
Lowest

Rainfall— Inches
Number days of rain
Thennoiuctcr— Highest
"

'•

Lowest ..
Average

KiiiiifaU— Inches
Nionbor days of rain

1-63

409

680

77

21-0
49-0

160

740 Numberdayaof rain
260 Thermometer— Highest
Lowest ..
580

3-32

Average

•*

0-65

sio
280

790
350

.

.

Lowest ....
Average. ..

740
290
57-3

58-0
59-1
from the 29th to 3l8t

Storms December 5, 1877, wind 8. E. to 8. W.
S. W. to W. Heavy frosts on the 7th, 9th and 13th.
;

wind

Saint Makks—
Rainfall— Inches
Number days of rain
Therinoinotcr— Highest
"
"

Range

620

59-1

.

3-96

2-22

6-28
8

9-53

11

75
.

.

22-0
51-7

6
72-0
12-0

760
300

570

54-2

Lowest
Average
.

.

8-51

304

1-80

7

11

13

10

74-0
24-0
53-7

490
44-9

780

75-0

27-0
66-2

55-2

250

6
77-0

15

750
32-0
511

Heavy thunder and rain storm December 3d, 1877, destroyed and domaged cotton, and washed away bridges.

Dallas—

317

Rainfall— Inches

Number days of rain
Thermometer- Highest
"

ice

740
150
.

December

Ist to 7Ui, 1877.

Brbniiam—
Rainfall

— Inches

Number days of rain
Thermometer- Highest
"

Range.

Ixiwest

0-50

5

Lowest.
Average..

KlUing frosts and
7-79

Severe frosts December 1st and 2d. 1877.
*

570

9

Thermometer— Highest
"

Rain fall— Inches
.

3-42

56-5

CORSICASA—

5-11

380

400

.

.

680

.lArKSdSVlLLB—

40

.

511

180
600

12-0

. .

770
330

Average

"

Macon-

6-96
8

770

13
.

2-48

4-86

6

720

5-92
.

5-07

7

—

730
390

510

THE CHRONICLR

122

COMPABATIVE POKT RECEIPTS AND DAILY CROP MOVEMENT.
of the port movement by weeks is not accurate,

A comparison

as the weeks in different years do not end on the same day of the
We have consequently added to our other standing
month.
tables a daily and monthly statement, that the reader may constantly have before him the data for seeing the exact relative
movement for the years named. First we give the receipts at
each port each day of the week ending to-night.

PORT RECBIPT3 TROM SATnRDAT, JAN.

New

TO FRIDAY, PER.

26, '78,

Or-

Mo-

week.

leans

bile.

Char- Savanleston nah.

Nor-

Wilming-

All

ton.

folk.

ton.

others

XXTI3

Britain the past week, and 9,000 bales to the Continent -while
the receipts at Bombay during this week have been 27,7.50 bales.
The movement since the Ist of January is as follows. These are
the figures of W. Nicol & Co., of Bombay, and are bronght
down to Thursday, Jan. 31:
f— Shipm'ts this week—, ^Shipments since Jan. 1.—,
^Receipts.—
Great
ConGreat
ConThis
Since
Biitain. tinent. Total. Britain, tinent
Total.
week. Jan. 1.
;

,

1878.... 10,000
1877.... 7,000
1876

9,000
1,000

19,000
8,000

19.000
33,000
22,000

39,000
16,000
21,000

53,000
46,000
43,000

—

27,750
15,000
18,000

114,750
!I2,000

78,000

From

1, '78.

ves-

Gal-

Days of

[Vol.

Total.

the foregoing it would appear that, compared with last
year, there has been an increase of 11,000 bales in the week's shipments from Bombay to Europe, and that the total movement
iince January 1 shows an increase in shipments of 10,000 bales,
compared witn the corresponding period of 1877.

5,531

5.236

2,09;

2,916

2,397

2,636

537

1,374

22,804

Monday

19,487

2,891

2,808

3,118

3,636

3,344

364

1,702

37,400

Gunny Bags, Baggino, Etc.— Bagging still rules very quiet
and there have been no large transactions that we hear of, the
business being only for small lots. There are orders in market

Taesday

7,760

4,381

S,4;3

2,808

1,137

1,916

229

2,834

24,168

for

27,805

Saturday

Wednesday..

16,434

608

1,838

1,776

2,673

2,83S

235

1,206

Thursday....

7,826

1,111

2,669

2,177

1,011

2,249

67

1,414

18,514

Friday

7,757

1,620

518

2,292

2,332

2,067

150

11,639

23,495

M,B15 16,097 13,403 14,617 13,286 15,128

1,572

20,263

159,186

Total

The movement each month
follows

since

September

1

has been as

standard at lOc, but this is below the views of holders, who
ask 10i@10fc. Butts are ruling firm in price, and there is a better demand to be noted.
The sales for January foot up aboat
9,000 bales on spot at 2J@2 1516c., cash and time. At the close,
price's are quoted at 2|@2 15-16c., cash and time, with but little
to be had at a lower figure.
The sales of parcels to arrive have
been 2,000 bales at 2Jc. currency and 2ic. gold. The stock in
New York on February 1st was 5,300 bales and 800 in Boston.
Calcutta advices just to hand report the market firm and but
light shipments expected to be made during the present month.

The Exports of Cotton

:

Tear beginning September

Monthly

1.

Seceipts.
1377.

1876.

1875.

1874.

1873.

1872,

131,376

115,255

184,744

444,003

September
October

236,863

169,077

578,533

675,560

610,316

636,963

355,3'i3

November

822,493

901,398

W0,116

676,-i95

576,103

630,153

December.
January

900,119

787,769

821,177

759,036

811,663

6-24,975

689,'ilO

500,680

637,067

441,053

702,168

669,430

Total, Jan. 31.. 3,089,246
Percentage of total port
receipts Jan. 31

3,101,969

2,977,753

2,580,787

2,560,517

2,253,305

76-82

71-05

73-94

67-31

61-71

98,491

This statement shows that up to February 1 the receipts at the
ports this year were 12,723 bales less than in 1876 and 111,493
bales more than at the same time in 1875. By adding to the
above totals to February 1 the daily receipts since that time,
we shall be able to reach an exact comparison of the movement
for the different vears.

New York

from

this

week show a

decrease, as compared with last week, the total reaching 6,506
bales, against 8,072 bales last week.
Below we give our usual
table showing the exports of cotton from New York, and theli
direction, for each of the last four weeks; also the total exports
and direction since Sept. 1, 1877; and in the last column the total
for the same period of the previous year:

BxportaolGotton(bales) from New YorIislnceSeDt.lt 18TT

WXKE BKDINa

Same

1876-n.

1875-76.

23.

30.

10,681

7,943

7,187

6,506

167.908,
1,585

200,432
7,143

10,684

7,942

7,167

6,606

169,493

207,575

8,Sf5
116

5,109

298

3,420

5,109

'6b7

11,778
2,219
8,840

9,048
2,226
1,688

28,837

18,660

Jan.

Havre

792

298

Other French porte
798
290

Total Jan. 31. 3,089,246
Receipts Feb. 1
23,495

Total Feb.

1.

3,117.741

Perct. of total port receipts

3,101,969

2,977,763

1874-75.

18';3-74.

1872-73

2,106,676

1,653,349

1,683,675

Total to N. Europe.

26,517

20,878

13,228

Spain, OportoAiQlbraltarAc

14,389

31,240

15,529

4ll others

S.

25,033

21,631

84,391

S.

18,760

Total Spain, &c
Grand Total

10,043

40,990

S.

9,764

19,702

21,188

630

19,911

23,116

11,478

22,961

13,640

82,417

18,036

S.

15,334

26,877

20,161

S.

14,495

16,132

39,225

S.

10,044

26,946

27,874

New

17,361

26,007

2-2,732

18.978

22,314

21,516

Texas
Savannah

8,906

3-2,031

21,977

23,718

25,171

S.

15 328

39,941

8.

16,214

18,017

24,303

17,621

25.419

20,963

1,117
2,011
3,939

62,716
88,099
123,087
10,393
67,860
8,493

T»tal this year

21.831

667,071

Total last year.

28,141

676,373

19,697

27,532

S.

15,319

Shipping News.

States the past week,
So far
105,849 bales.
are the same exports

S.

80,899

22,043

26,943

24,893

99,056

26,005

16,847

14,922

19,991

13,335

11,093

26,728

23,923

2,530,727

2,560,517

2,2';8,3C5

11,093

73 •23

S.
2,660,517

67 81

receipts

Thb Chronicle

17,999

2,271,804

68-80

which had been

each of the years named.
Bombay Shipu bnts. According to onrcable despatch received
to-day ,t]tiere have been 10,000 bales shipped from Bombay to Great

BAL-rmoBX.

8,122

7,136
6,624

'670

22,573

This Since
week. Septl.
l,-222

877

16.981

7C9 41,535

981

12.007
14,619
29.713

'325

4ii37

1,199

629

613
1.:

3.384
3,847

4 4', 359
.68,783

61,001

1,792

16,302

11,961 201,110

8,169

35,606

3,826 [02,086

9,4.36 176.537

2,262

36,048

3,113

82,678

—The

last

Include the manifests
night of this week.

Nbw York— To

This Since
week. Sept.1.

4,1

18,438

2,661,820

—

'454

89.678

20,601

1 in

Mobile..
Florida
3'th Carolina
(J'th Carolina.
Virginia
North' rn Ports

1'

100,127
41,587
106,681

27,698

This statement shows that the receipts since Sept. 1 up to
still 7,696 bales less than they were to the same
day of the month In 1877, and 119,887 bales more than they
were to the same day of the month in 1876. We add to the last
received February

5,909
2,041
2,737

28,916

2,998,854

the percentages of total port

Orleans..

Since
Sept.

S.

to-night are

table

This
week.

23,414

36,471

6,506

FHnjmKLF'U

miW TOBK.

88,818

26,408

8.073

225,744

185,150

BSOS TS 7B0U

3;593

19,805

soo

....

8.578

11,766

14,946

23,463

71-54

—

16,571

3,125,437

77-40

'sod

Tennessee, &c
Foreign

13.376

-I'll.

567

are the receipts of cotton at New York, Boston,
Philadelnhiaand Baltimore for the nast week, and since Sept. 1,'77:

7,568

S.

636

290

The following

13,846

18,178

year.

Jan.

16.

Hamburg
1877-78.

date.

Jan.

9.

Bremen and Hanover

Total to Dec. 31 2,399,636 2,601,889 2,340,686
Eeceipta Jan. 1
18,52:j
16,371
18,351
S.
Receipts Jan. 2
16,245
80,235
Beceiptsjan. 3
32,192
15,334
18,957
25,942
Receipts Jan. 4
12,671
31,491
Eeceipta Jan. E
12,8'Jl
23,840
80,055
Receipts Jan. 6
S.
16,790
13,218
Receipts Jan. 7
S.
24,787
31,768
Receipts Jan. 8
24,31(1
21,M2
27,877
's.
Receipts Jan. 9
17,404
14,736
14,174
Receipts Jan. 10
19,321
36,926
Receipts Jan. 11
29.2.32
15,706
32,478
21,893
Receipts Jan. 1-2
27,093
19,317
S.
19,037
23,215
Receipts Jan. 13
S.
23,147
Receipts Jan. 14
33,738
24,043
19,512
Receipts Jan. 15
10,533
23,366
S.
26,886
Receipts Jan. 16
32,468
81,971
14,705
Receipts Jan. 17
22,523
13,699
Receipts Jan. 18
87,986
18,52J
17,767
88,311
Receipts Jan. 19j
-20
20,477
S.
17,212
Receipts Jan.
21.004
38,a30
S.
Receipts Jan. 21
16,913
23,144
Receipts Jan. 22
23,197
S.
Receipts Jan. 23
27,091
20,981
25,314
Receipts Jan. 24
21,683
13,467
Receipts Jan. 25
19,715
24,782
27,.338
Receipts Jan. 26
21,333
22,604
15,173
Receipts Jan. 27
S.
25,290
32,762
Receipts Jan.2S
28.421
37,400
S.
Receipts Jan. 29
24,168
31.977
16,074
23,4B8
Receipts Jan
S.
27,606
Receipts Jan. 31
18,514
17,937
27,701

period
prev*aa

Jan.

Other British Ports

Total to Gt. Britain

Total
to

exports of cotton from the United
as per latest mail returns, have reached
as 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

Liverpool, per

l.CX)7....Batavia,

Total bales.
steamers Wyoming, 142... Helvetia,
1,463 ...per ship James

3,328 ...Germanic,

Foster, Jr., 1,566
MissisLiverpool, per steamers Chilian, 4,4f0
sippi, 4,680
OberoD, 2,380 and 13 ba(!S Sea Island... Colombo,
4,400... Greaham, 2,860. ...McGregor, 2,650. ...per ship Cosmo,

6,506

4,435

5,099
4,875
4,676
649

New Orleans — To

To Cork, per ship William Douglas?, 4.875...
To Havre, per barks Hanne Semer, 1.6(1 ...Lincoln, 8,936
To Rouen, per bark Trans-Atlantic. 649
To Dunkirk, France, p. rschr. Martha N. Hail, 3;0
To Rotterdam, per bark Impcrator, 663
To Antwerp, per str. UiUton Castle, 2,891
To Genoa, per bark Industrie, 667
MoBiLU— To Uavie, per bark Rosa. 1,706
Chablkston — To Liverpool, per ship Prlnceport, 3.635 Upland and

f67
1,706

379

per barks Amelia, 2.C00 Upland and 96 Sea Island
Elvira Camlno, 867 Upland and 49 Sea Island
per bark Ausgar, ],3S5 Cpland
Fjclstadt, l.e'.O Upland and 80 Sea Island...

Sea Island
....

SSO
663
2,391

.

To Cork, for orders,
To Havre, per barks
Manuel,

1,318

Upland

7,236
1,831^

3,027

Pebrcabt

THE CHRONICLE

3, 1878.1

To Bromon, per bark Alpha, 1,585 Upland
TO Amstnrdam, per bark Olenelda, S!,53nipland

1,823
a.ssi

::^--

Barcelona, pur hrigs Lul«, 460 Upland... Tre« Dorotoaa, 7*0 Upland ...per schooner Thomas P. Ball, 1,SU Upland
Port llorii To Liverpool, per »hlp Aleiandor. 4,061 Upland.. :
BavANSAU— To ISrfmen. per «lc!imor Consolation, !I,81S Upland... per
«hip Alexandra, .S.is.", Upland
To Genoa, per bark Unth, 1,7M Upland. ..per brig Alice Bradahaw,

To

—

l.OIOUplnud

T«iA»— To

,.

2,49i
4,oei

8,000

Llvcrpiol poreteamer AttrtralUn, 6,019.... per bark

2,735

Maggie

10,79T
ToHivre, por bark John C. Smith. 1,422. ...per brig Bella, 1,681.... 8,303
711
To Bremen, per brig Nord Dentsche, 721
2,375
Norfolk— To Liverpool, per steamer Mayagncz, 2,375
BALriMoiiK— To Liverpool, per steamers Explorer, 604 ...Sardinian,
1,708
1,101
Istrlan, 8,871
Boston— To I.lverpool.'per steamers Bavarian, 2,6iil
6,668
Ma»sachu9,>liB, 1,336
Fuu.ADKi.ruiA— To Liverpool, per steamer Illinois, 40 ...per bark Jas.
1,143
A. Wright. 1,108

Childer,

Thvbidat.
Apr.-May shinm't, new crop, BtU,6Md

Jan. delivery, 6Kia3-33d.
Jan.-Feb. delivery, lltid.
Kob.-Mar. delivery, 6 l-16d.
Mar.-Apr. delivery, 6 l-16d.

Mar.-Apr. deliverr, 6 S-3Sd,
Feb. delivery, 6 I-IM.
Mar.-Apr. delivery, ( 1-1M.
Apr.-Mav delivery, 6 3-ad.

May-,Iune delivery, 6>4d.
June-.Iuly delivery, 6 3-lOd.

new

Jan.-Feb. shipment,

..........

123

6 B-32d.

Fbidat.

.1,878

—

June-July delivery, 6 6-Sld.
Feb.-Mar. shipment, new crep, sail.

crop, sail,

6«d.

.103,349

Total.

particulars of these shipments, arranged in onr nsaal form,

Apr.-May delivery, 6 3-32d.
May-June delivery, 6)id.

Apr.-May delivery, OSid.
May-Jnne delivery, 6 5-32d.

June-July delivery, 6 5-32d.
Jan. shipment, new crop, sail, diii,
Feb.-Mar. delivery, 6 1.32d.
Jan.-Feb. shipment, new crop, sail,

Cotton freights the past

Amsterdam
NewTnrk...

AntBarmen. Rotrd'm. werp. celona.Geaoa.Total.

1,708
6,868
Fhlladelp'a.. 1,143

6,50«
39,240
1,706
18,186
4.06t
8,73S
14,821
2,375
i,7oe
6,S68
1,143

Total.... 65,78 J

103,')4»

6,606

NcwOrieans.25.099
Mobile

4,875

6,619
1,70^

Charleston.. 7,226
Port Royal.. 4,011

1,865

8,027

Savannah
Texas

1,525
1.525

663

2,391

9,531

..„

667
2,492
2,735

10,797

Norfolk
Baltimore
Boston

721

3,308

....

....

2,.375

6,260

8,216

13,581

3,191

2,492 3,402

2,391

to ves-

f'omNcw

Benuada Janaarv

)

8th,

LrvKRPOOL, Febraary 1—4:00 P.M.— By Cablk fbom Liykb-

—

POOL. Estimated sales of the day -were 7,000 bales, of which
500 bales were for export and speculation. Of to-day's sales
5,600 bales were American.
The weekly movement is given as
folio WB

Jan.
Sales of the

week

htXee.

Forwarded
Sales American
of which ex{>orters took
of which speculators took
Total stock
of which American
Total import of the week....
of which American
Actual export

Amount
'

afloat

...

.

,.,,,

Jan.

'.1.

Jan.

IS.

62,000
7,000
42,000
3,000
2.000
892,000
233,000
74,000
62,000
8,000
415,000
386.000

60,000
8,000
41,000
6,000
1,000
885,000
213,000
87,000
28,000
5,000
358,000
333,000

Feb.

25.

1.

51,000
10,000
39,000
3,000
1,008
541,000
871,000
140,000
129,000
4.000
317,000
283,000

44.000
7.000
30,000
2,000
1,000
445,000
289.000
107,000
93,000
6,000
389.000
365,000

of which American
The following table wUl show the dally closing prices of cotton for the week ;
Satnr.
8i>cl.
Mon.
Tuas.
Wednes. Thnrs.
Fn.
Mid. Upl'di... ..©63^
..(Mii
..©6^
..®6V
..mH ..@6 3-16
Mid. Orl'ns
..»6^4
..©«)*
7-16
..©6^4
..©6
©6X
..®6H

These

sales are

on the basis of Uplands,

Low Middling

claase, luless other-

wise statad.

Batubdat.
IJan. delivery, 6 .'>-32(a3-16d.
'<Feb.-Mar. delivery, b)i@5-32d.
'Mar.-Apr. delivery. 6 5-32a3-16®i-32d
Apr.-May delivery, 6 3-lSd.
May-June delivery, 63^ d.
"o-July delivery, 6 9-3J®5-16d.

6 7-32® !<d.
Dec. shipment, new crop, sail, 6 3-T6d.
Feb.-Mar. shipment, new crop, sail,
6 7-a2d.

delivery, 6 9-35® Jfd.

June-July delivery, G

S-16d.

new crop, sail, 6 7-32d.
Apr.-May shipment, new crop, sail
Dec. shipment,
6 ll-;i2d.

Feb.-Mar. delivery, 6 5-32d.
Jan. delivery, 6 3-16d.

Tuesday.
Wcd'day.
Thor'dy..
Friday...

— ©V

—r

M oomp
ii comp
a comp
j^fcomp
a comp

"

_

—®)i

)i

Jan.-Feb. delivery, 6Xd.

May-June

sail,

Feb.-Mar. shipment,
6 3-16d.

aalJ,

new

crop, sail,

6 3-16d.

Wbdhesdat.
Jan. delivery, 6Hd.
Jan.-Feh. delivery, 6 3-32d.
Feb.-Mar. delivery, 6 3-32d.
ti

3-3Jd.

IMay-Juiie delivery, 6 6-32d.

lune-July delivery, 6 7-32d,
July-Aug. delivery, 63id.
M8r.-.\pr. shipment, sail, 67-32d.
Uan. delivery 6 5 32d.
Mar.-Apr. delivery, 6><d.

c.

'A&H X
}i&% X

cp,
cp.
cp.
cp.
cp.
cp.

K
X
X

cp.
cp.
ep.
cp.
cp.

comp.
comp.
comp.
comp.
comp.
comp.

Ji
}i

^
^
J<
%

Xcp.

Fbisat. p. M,. Feb.

The

flour

1, 1878.

market was generally quiet in the past week, bat oa

Tuesday there was a considerable business

common

extras for Liverpool,

etc.,

for export at

$5@5 15

$5 50 for good

do. for

London, and |0(36 20 for fancy for the West Indies; and thera

was some

additional trade of this sort on

day, but with so other
iness

eflfect

local trade

day, the market

Wednesday and Thurs-

on prices than to give them a stead -

which had been wanting.

and the

buy only

was dull and

Supplies are large at all points,
to

supply Immediate wants.

were not great.

in considerable lines at $1
also,

To-

prices nominal.

The wheat market has been variable
fluctuations in quotations

2S@1

29,

though the

in tone,

No. 2 Milwaukee sold

and No.

1 do. at

|1 33@1 83;

No. 3 to some extent at |1 23@1 S4, in store and afloat

choice white Michigan and State declined to f 1

43@1 43

red winter has been nearly nominal at %l

35.

34@1

;

No.

2

The specu-

been sluggish at prices slightly under
Receipts at the Western markets are greatly ia.
excess of a year ago, but supplies show no important accumulation.
To-day, the market was dull, and spring growths weak,
but white rather firmer.
lation in early futures has

spot values.

Indian corn has also been quite variable in tone, with tha

demand only moderate. Prices fluctuated but slightly, however.
Receipts at the West are less liberal, and supplies at this point
are quite moderate. Leading prices yesterday were 47c for No.
3 mixed, 66@57c. for steamer mixed and yellow, and 59@61c. for
prime old mixed, in store and afloat; for winter and spring
delivery, steamer mixed 55@56c., and No. 3 new at 58c. The
supply of Southern corn somewhat increased and new Delaware
yellow met a steady sale at 56J@58ic. To-day, new was one cent
lower ; No. 3 mixed, 46c. and steamer 54^@55c., and the latter
sold at 54ic. for February and 54f c. for May
new No. 3, 68c,

March and April.
Rye has been more active for export to Germany at Tl^c. for
No. 2 Western and 74@75c. for No. 1 State. Barley has also
been more active, mainly in prime two-rowed State, at 70c., and
feeding Western at 61@52c.
for

Oats have further declined. No. 2 graded going at 34^0. for
mixed and 35c. for white. To-day, the market was weak, but

without quotable decline.
The foliowing are closing quotations
FLOUB.
OBAU.
Mo.J
« bbL|2 50a 3 60 Whe»t-No.3 sprlng.bnsh
iaperfine State & WestNo.tspring
""

Apr.-May delivery, 6 6-.35d.
.rune-ilnly delivery, 6,^'d.
Jan.-Feb. shipment,

now

crop, sail,

new

crop, tail,

6 6-32d.

Feb.-Mar. shipment,
6 8-16d.
Jan. delivery, 6)»d.

Feb.-Mar. delivcrj-, ex©3-3Sd,
Mar.-Apr. delivery, 6 3-32d,
Apr.-May. delivery, 6Kd.

Ac

Western Spring Wheat

6 3-16d.

|June-Jnly delivery, 6i(d.

[Dec gtUpm't, new crop,

delivery, 6 3-lRd.

Apr.-May delivery, 6 5-32d.
Jan -Feb. shipm't, new crop,

Apr.-May dvllvery, 6 8-16d.
|May-Jnne delivery, 6 7-32d.

>— Hambarg-^
Steam. Sail.

^

Sail,

BRE ADSTUFPS.

ern
3xtra State,

Jan. delivery, 6 5 Sid.

Feb.-Mar. delivery, 8><d.
Mar.-Apr. delivery, 8 5-32(aXd.

Sail.

11-18
11-16
11-16
11-18
11-16
11-16

comp

.

I

TUBSBAT.

dellv'ry,

.

->

;

Feb.-Mar. shipment,' now crop, salL

Monday.
May-June

'Jan. delivery, 5 7-32d.
Jan.- feb. delivery, 6 3-16d.
Feb -Mar. delivery, 6 3-16d.
Mar.-.\pr. delivery, 6 3-l<).l.
iApr.-May delivery, Ii)<a7-32d.
June-July delivery. ll-3id.
Dec. shipment, new crop, sail, e^d.
iJan.-Peb.shipm't, new crop, sail, 6ilid,

Mar -Apr.

Monday.

for

Orleans via Norfolk for Liverpool, which arrlTed
with cargo shifted and vessel litled, had cargo
at
reetowed without discharglne, and proceeded on her voyage 15th.
BnjfAN LiviNOSTON, str., from Savannah to New York, broke her shaft 40
miles north of Frying Pan Shoals and put back to Tybce Jan. 25
Bio Qrahde, str., from C&lveston for; New York, sailed from New Orleans,
Jan. 25.
Babino BRoTnsRs, ship, Thorndlke, fr*m Norfolk for Liverpool, collided
with the Spanish steamer Ponce, in the Mersey, off Liverpool, .Jan. 22.
The steamer was sunk and two of her crew drowned. The Baring
Brothers was much iojureti and made watf'r rapidly. She was towed up
the nver and "rouufled.
She was entering the river In tow when she
was struck by the Ponce. A heavy fog prevailed at the time. Her cargo
will all be discharged in a damaged condition.
HAABET, bark (Nor.). oUen, from Wilmington, N. C, for Bremen, arrived at
Dartm-.iutb on Jan. 24, slightly damaged.
National Kaole. bark, Freeman, from Savannah, Dec. 16, for Liverpool, put
into Falmouth, Eng., Jan. 27, leaky.
CaRISTiE C. CoLsov, brig, from Mobile for Amsterdam, with cotton, put into
St Thomas Jan. 12 leaky, and was discharged on the 18[h.
6tr.(Br.).

Saturday.

as follows

— Havre.-- Steam.
—Bremen.-Steam.
.

Sail,
d.

d.

.

Below we give all news received to date of disasters
els carrying cotton from United States ports, &c.
FiTXBOT,

Steam.

«ad

Bro-

crop, sail.

6«d.
Feb.-Mar. delivery, 6 3-83d.

week have been

Liverpool.

,

Havre,
Cork.
Ac.

new

Jan.-Feb. sliipment,

June-July delivery, 6 3-16d.

are as follows
Llrarpool.

crop, salL

6Kd.
Mar.-Apr. shipm't, sail, 6 $-16d.
Feb.-Mar. delivery, 6 l-16d.
Mar.-April delivery. 6 3-32d.

6 3-32d.

The

new

Feb.-Mar. shipment,

Feb. delivery, 6 l-16d.
Feb.-Mar. delivery, 6 l-l«d.
Mar.-Apr. delivery, 6 l-16d.

extras

doXXandXXX

dowinterX and ZX..
do MinnesoU patents..
City shipping extras
City trade and family

—

503 4
6 00© 5
4

4
5
6
6
s

M©
504
10©
60©
10©

""
CO
25

No.l_»pfing
Bed Winter

...

Amber do

Com—West'n mixed

...

Teilow Western, old
Southern, yellow, new.

.

Rye
Uats— Mixed
White
Barley— Canada West...

brands
6 253 6 50
Suuthern bakers' and family brands.
5 753 7 00
Southern shipp'geztrai.. S 253 5 CO

i
1

White

5 35
5 75
6 75
8 50
6 15

«1

1
I
1

208
Jij
Sia
SsS
SSa
SSA
46a

1

1

1
1

a

66©
TOO

m

a
M
U

80
aa
1

State, 2-rowed
State, 4-rowed

i

88

58
76

M&
MO

89a
65a
18©
Kyc flour, saperllne
69©
3 SO© 4 10 Barley Malt—SUte
Oornmcal— Westem, *c. 2 Kit 2 90
Canadian
1 00©
Corn meal— Br'wlne. Ac. 3 15Q 3 20 Peas— Canada.bondftfree
85©
The movement in breadsiuBs ftt thii market h«8 been
lewi:

23

1 29
1 33

00
It
8>
85

I

10

1

00

fol-

THE CHRONICLE.

124
BXOSIPTS AT

.

K»W TOBK.

ms.
KV',.^ J.
Since
._-,
C^orthe

,

1,

week.

r^-31

I-

Flonr.tblB.
C. meal, ".

Wheat, bne.
Corn,

"

.

Rye,

"

.

Barley. "

.

Oats...."

.

Jan.

1.

857.351
ISisSS
3,42d,180
1,429.473
38,446
489,162
474,057

6f,627
4,570
951,100
616,736
14,582
61,648
191,801

Same
time
1877.
19J,853
18.869
249,446
791,797
49,972
271.350
492,529

—.—
Since

1878.

.

For the
tweek.

,

Jan.

YOBS.

Mnce

For the
week.

1.

,

1877.

,

Jan.

1.

45,263
4,464
891.403

ie2,till

34,'jn6

lO'i.SS-l

16,695
3,192,008

1,917
171,860

9,371

ii2a,668

1,030.67(1

80S,!iii5

89,585
88,159
8,557

H,409

18,0i0

118,595
17,727

37,.Ji;0

following; tables show the QraiD in sight
of Breadstuffs to the latest mail dates

The
ment

HKW

IXPORT8 TBOM

w

964,997
1,023.403
26,004
t»,671
6.798

8:8

and the movb-

RECBIPTS AT LAKE AND KIVBR PORTS FOR THE WEEK KNni>n
[JAN. 26, 1878, FROM DECEMBER 3t TO JAN. 26, AND FROM
AUG. 1 TO JAN. 26.
Com,
Gets,
Barley,
Rye.
Flonr,
Wheat,
'

"

bblB.
(196 lbs.)

fc^-

ai—

Chicago

bueh.
(60 lbs.)

440

521,194
696,110
96,403

Detroit
Ciereland

5,f57

12!),125

1,.386

St.Lonis
Peoria
Dulnth

17,305
2,4C0

13,600
126,506
8,800
69,394

43,945
55,136

Milwaukee
Toledo

Total

126,769
12S,9eo

•76..

81,637

1,648,567
1,6:9,409
278,188
654,506

Tot. Dec. 31 to Tan.2S

417,192
313,781
886,670
386,678

4,737,122
1,597,398
3.053.278
3,983,833

.

PrevionBweek
CorrcBu'ngweek,'77.

Bametimel877
Bametimel876
Bame time 1876
Tot.Ang.

1

8I,!)69

bush.

bnsh.

(56 Ihp.)
411,394
8.010

(82 Ibe.)

230,724
10,793
64,300
S05.9O7
77,900
....

..

1

bush.

be.) (56 lbs.)

232,563
23,150
15,131

140,451
75,170

-39,500

400

1,083

1!),647

li,706

16,500
104,773
68,.300

45,386
12,600

....

...

1,059,028
1,624,819
1,040,214
912,858

'479,119

3,857,666
4,718,766
4,31ti,968

1,699,421
903,045
1,041,877

4,595,300

1,.363,345

10,:^60

11,445
7,660

886,713
272,950

630,f84
215.543
239,987

to Jan.23.3,.320,881 48.828,413 38,917,282 14,010,980

Sametlme 1877.
8ametime 1876
Same time 1815

bush.
(48

126,0ii0

70.038
10O,.194

206,203

68.458
19,940

77,3,133

244,!;t;8

4'7,W4

249,!89

669,929
636,299

149,493

•

95,7U

'.,861,<)93 2,271.605

.2,986,963 30,998,411 43.388,667 11,917,832 6,947,794 2,086.673
2,568,196 41,150,876 23.638.097 15..384.507 5,201,412 1,357,094
2,914,738 88,514,669 28,236,036 13,081,485 4,771,0."2
834,235

8HIFMENTS OF FLOUR AND GRAIN FROM WESTERN LAKE AND
BIVBR PORTS FOR THE WEEK ENDED JAN. 26,
AND FROM DEC. 31 TO JAN. 26.
Wheat,

Flonr,

Jan.

86, 1878

Jan.
Cor.
Cor.
Cor.
Cor.

week '17
week '70
week '75
week '74

19,

bush.

bbls.
121.563

1878

..

Tot. Dec. 31 to Jan.26

Corn

Oats,
bush,

Barley,
bush.
103,479
61,809

808,657

836,961
192,603
160,665
129,497
160,482
131,310

!,!181,772

676,534

bnsh.

89,614
83,483
81,191
101,988

1,164,980
839,250
114.610
229,287
161,176
638,148

870,610
684,988
380,983
513,i03

414,220

3,437,090

K0,t50

6''.1,4I0

Rye
bush.

68,6.50

15,^66
13,058
12,066

6S,'20
65,722
87,146

17,.W0
16,666

301,995

82,674

9.71>i

Same time 1871
336,691
499.278 1,881,664
502,936
255.299
73,19!
2'8.057
Same time 1876.
460,053 1,076,091 2,903,3.«4
618,433
59,365
Same time 1876
862,485
987,888 1,773,217
710,989
240,835
£0,676
BBCBIPTS OF FLOUR AND GRAIN AT SEABOARD PORTS KCH TUB
WEBK BNDBD JAN. 26, 1878, AND FROM DEC. 30 TO JAN. 26.
Flonr,
Wneat,
Com,
Oats,
Bariey,
Rye,

At—
New York

Boston
Portland
Montreal
Philadelphia
Baltimore

74:1,062

21,600
30,000
364
49,200
203,600

12,971
15..531

18,479
9,040

NewOrleans
Total

PrevlouBweek
Cor.

bath.

bbls.
85,640
20,891
3.540

week '77

Dec. 30 to Jan.26...

....

165,891
163,8:9
111.921

673,619

1,0.53,816

1,282.983
161,230

4,418,375

bash.

bush.

638.920
171.410
15,250

156.372
33,887
3,236
1,400
48,200
10,000
53,236

400
656,100
40),609
258,250

hush,
41.650
21,882
1,090

busti.
15,831
..

.

600
31,100

3,600

...

600

8,039,830
l,C8t,673
1,151,743

305,771
241,380
67,689

99,172
214,160
61,642

13,434
18,760
29,203

6,3i«.8n2

793,387

690,780

4!5,9f«

Same time 1877
385,812
668,866 4,168,931
606,317
804,678
99,997
Same time 1876
873,489 ;,5I11,8.39 6,865,893 1,019,1:37
688,721
31,281
Bame time 1815
736,744 1,!!83,8;3 5,110,00! I,269,a23
149,755
18,708
The Visible Supply of Urain, compri8inj{ tlie sioces in
granary at the principal points of accumulation at lake anil
seaboard ports, and in transit by rail, Jan. 26, 1878, was cs

r^oL.

wholesale buyers were of a hand-to-mouth character. There
were eome events of importance in the auction rooms. On Wednesday 10,000 pieces of J worsted coatings, and 600 pieces of 6-4
diagonal cloakings of the manufacture of Scheppers
Brothers were offered at public sale and attracted a good company of buyers, but the prices obtained were generally low, and
all-wool

a portion of the duplicates remained unsold.

the following

—

:

;

—

;

—

:

Cotton Sail Duck.
Wheat,

In store at New York
In store at Albany.
In store at Buffalo

Oats,
bueh.

Barley,
bush.

Rye,
bush.

bush.
857,669
23,500
815,462
643,470
386,897
6,800

l,634.8b9
106,900
56,000

984,783
458.100

19«,.329

745,090

116,871
84,r00

443,800

47 100

331,900
5.978
22.%000
341,603
237,176
1,150
121,421
560,000
89,285
64,264
92,194
556,157
870,640
200,000

167,000
51,686
30,000
13,883
106,429
11,818
9,863

9,800
14 403
485,000
81,161
18,806
284,781
46,344

.3,966

1,480,4.50

256.741
961,900

216,.396

271,804
76,303
83,034
189,617

69,.394

40:i,900
.

Oswego

In store at St. Louis
In store at Boston
In store at Toronto
In Btcre at Montreal
In store at Philadelphia
In store at Peoria
In store at Indianapolis
In store at Kansas City
In store at Bnltlmore
Rail Bbipnwnts, week
Eat. afloat In New York

.

ToUl
19, 1878
18, 1818

Jan.5. 1878
Dec.29, 1877
Dec.28, 1877
Jan.S7,1877

Com,

bueh.
2,16'l,238

3.800
629,667

In store at Chicago
Afloat at Chicao;o
In store at Milwaukee
In store at Dulnth
In store at Toledo
In Btore at Detroit

Jan.
Jan.

On

day 1,200 cases of Lowell, Lancaster and Monadnock wide sheetings were presented for public competition, and the entire offering
was disposed of at rather low average prices.
Domestic Cotton Goods. The exports of cotton goods from
this port for the week ending January 39 reached 2,376 fackages,
which were shipped as follows Aden, 1,673 packages Great
Britain, 237; Venezuela, 108; Brazil, 108; Dutch West Indies,
69; Hayti,59, and the remainder, in relatively small lots, to other
markets. Brown sheetings and drills were in moderate request
and steady, but bleached shirtings ruled quiet, and outside makes
were somewhat irregular in price.
Denims and dyed ducks
continued iu fair riquest, and leading makes are firmly held
because of the light supply. Tickings, cheviots, and cottonades
were severally in limited demand. Piques and quilts were in
comparatively good request, and some makes met with liberal
sales.
Print cloths were less active than when last reported
upon, but prices were fairly maintained on the basis of 3 9-16c.
cash, offered, and 3|c., less one per cent cash, asked for eytra 04it
64s, and 3ic., cash, for 56x60s.
Prints continued inactive, but
ginghams were iu fair request.
Domestic Woolen Goods. There was a comparatively slow
movement in men's- wear woolens from agents' hands, and business was light with the cloth jobbers. Cassimeres were delivered
to the clothing trade on account of previous orders to a moderate aggregate, but new transactions were few and unimportant.
Cloths and doeskins were lightly dealt in, but ruled
steady in price. Worsted coatings were in fair request for small
selections, but cotton-warp worsteds were dull and unsettled by
the auction sale referred to above. Cheviot suitings and coatings
met with fair sales. Kentucky jeans exhibited rather more animation, and medium weights were disposed of to an increased
aggregate; but satinets were relatively quiet. Flannels were
lightly dealt in, and blankets were almost neglected
but ingrain
and tapestry Brussels carpets were in fair request. \\ orsted
dress goods were a trifle more active, but shawls and skirts
remained quiet.
Foreign Dry Goods. Business continued quiet with importers
in nearly all descriptions of foreign goods, but values were steadily
maintained on the most staple fabrics. Large quantities of Hamburg embroideries were presented in the auction rooms, and low
and medium grades were distributed to good advantage; but fine
qualities dragged, aud in some cases sold low. Linen goods were
also offered at auction and housekeeping makes realized fair
prices; but handkerchiefs ware appjirently in llt'.le demind.
We annex prices ol a few articles of domestic dry goods

follows

Instore at

XXV L

,

331,313
715,u00
268,948
49.603
408,116
396,961
176,000
4,P22
80,348
133,688
435,968
1,164,980
210,000

47,238
10,775
2,9)6

5,457

336,961
575,000

103,479
850,000

1.3,0n6

43,718
4 446

.

Dmid

and

Mills.

No.3
No,4

No

..

29
28

..

87

..

25
24
23
22

..

6

..

No.6

..

No.

.

7

No.8
No.9

.

21

.

SO

No. 10
Cotton sail twiue
Light DuckGreenwood's (7oz.)

Bear

0Z.1 29in..

(8

do heavy (9 02.)...
Extra heavy bear.
.

Mont. Havens
do

29in.
40in.

Woodberrv an(i Ontario
U.S.A. Standa rd
fl-z

13
15
17
14.V
82

23,1^ in,

.

15
17
19

.

23
86

...
...

9 oz...,.
10 oz
12 oz
15 oz

Ravens
Greenwood's (8o2.)
Ravens

American

Lewiston
Franklinville..

Montaup

19
19
19
23
81
21
22

50
60
50
60
00
60
60

Granger
Ontario A

21 50

23 00
27 50
82 50
21 60
26 00
81 00

do
B
do
C
PowhattauA..
B..
do
do
C.

.

Ontario Twls, 3 Jin.

do 30in.(8oz.ex

ql)

17
15

Eitwls-'Polhenll's'' 10

PhilaA
do
do

P

Stark

A

do
do

C

24 00

27
32
24
82
28

C

3

hush

ix bush

50
50
50
60
00

Senlma.

12",466

Amoskeag

10.868,974 6,817,483 8.476,473 4,688,630 754,592
10,190,018 6,529,670 3,2;n,8S6 4,6^0,818 631,440
9,880.589 6,66.3,730 3,096,847 4,488,876 7(6,897
9.691,790 6,129,882 8,586,085 4,467,H62 103,870
10,191,121 6,009,796 .3,351,463 4,6)8,000 6-:e,36';
,..10,640,117 6,958,763 8,535,366 4,556.689 660,889
,JJ.931, 143 12,359,483 3,168,806 4,48«,733 1.087,149

19

Bas«.
Atlantic

54!831

31

..

Amoskeag
2 853
ioas

...

Woodberry
No.
No, 1
No.2....

do
AM.
Boston
Beaver Cr,AA.
do
BB.
do
CC.
CoUtrab'n h'y bro

do

XXX brn

IT
15

Carlton
Everett

15X

8X Lewiston
14)i OtisAXA
do BB
18
doCC
IIH
16
16

20
14>f-15
18 -13>tf
ll>i-12

Pearl River..

16!4

.

Thorndike A..
Uncasv'e UCA.

10',S

14
16

York
Warren

AX A.. 14M-15
do BB.... 13 -13M
do CC. .. IIH-IS
Gold Medal...
Haymaker

Palmer

lb'

Spool Cotton.
Clark'B.O.NT

THE DRY aOOOS TRADE.
Feidat, p. M., Fob.

&

J.
P. Coat's
Clark, John, Jr.
1,

1878.

f BasinesB has been light during the past week with the package
kouseB, and there was little, if any, improvement in the jobbing
trade. In exceptional cases the larger Western and Sonthwestern
jobbers bought considerable quantities of domestics, which they
were enabled to forward at low rates of freight by lines of rail-

load leaving Boaton'; but as a rale transactiongj^oDj^the part ol

67)f

Home

SIX

Hall

35
30
85

& Manning

King's 3 cord

Brooks

Greene*DanIels

Holyoke

67X

82^

.

Merrick

42X

Staflord

.

35

...

WlUim'nticOcd

do

3 cord.

82X

Corset JTeana.
Amoskeae
Androscog'n Bat.
Cnnoe River
Clarendon
Uallowell Imp..
brows
do
Qamiltou

8)tf

9
7
7

io"

Ind. Orch.Imp..

do

B

do brwn&blk
Laconia
Manchester

Naumkcag
Newmark"

sat

9

Kearsarge, sat...
:

\

eat.

t

Peppcrell, blea. ;

do
9X
8K Rockuort
8H Suflo&

sat.

.

'oji
10
8

Fkbhoaby

THE CHRONICLE.

ISW.]

9.

Bxport* •>r iieadloK Arlleles from New York.
rbe Ioilowiof( table, compiled trom Custom iluuse retom*,
shows the exports of leading articles from the portof New York

liapurtmtloua or Drjr uoofla.
liaport&tionR ol dry koo<1i f^^ ^^^^ PO'' '°f ^'^^ weeK endicp
Jan. 81, 1»78. and for the correRpondini; weeks of 1877 and
ISiO, liKve bf«n ii8 follows

Tho

to all the principal foreign countries since Jan. 1, 1878, the
totals for the last week, and also the totals since Jan. 1,1878
and 1877. The last two lines show total valuti, ioeluding the
value of all other articles besides those mentioned in the tabla.

:

MTIHED

rOR OONKDHPTIOH V0> TBI

W»S

IIIDIMS J^N.

I8TI

.

SI, 1818.

1818

.

PkKB
Muinractnrerof wool...
cotton

do
do
do

.

126

1,079
1,-145

.

30-SS3''S,SS'°l3a'^""'S'^'~°*»
s^''s,s"s'°8a'^"«a

MS

aim

•to*

SS'^£"E:'^"sJ'-'4^'»i->'«'5!'

Total..-

WlTHOBAWM raOM WABaaoODB AMD TBHUWM INTO TBB HABKBT DOBINU TBI

i's'l

AAMB PRRIOD.
llaaafactDrea ut wool....
cotton..
do

do
do

silk

413

(lb). 500

661
181

1ii,9T3

dax
Mlacallaneoas dry gooda.

ToUl

*169,680
3ia
98
4S7
331

181,Jil6

fit
570

l."i6.»68

22,470

J8;S.m

310

fl3<t,499

31)5

102,51l>

I14,7M

127

124.8^9

74,372

456

8ti.a.M

24,'; 83

l,!i58

80,710

2,646
4,447

1,6011,460

100.541

*4H,0T2

Addent'dfoiconaampt'n

2,840
4,680

1,968,391

1,534
5.846

2,096,041

ToUl thrown open

7.2W 52,683,568

7.879

$2,57»,;i3

_r«^..?_r«i
»-i»D30—
Iff*

':'«in.-.'_r --.•'nr,..cv.-r
03!O

_.

541
469
93
ItO
flax
M'.acellanaone dry Kooda. 3,168

do
do
do

$^10,239
188.638
103.756
39,959
36,840

cotton..
silk

•

•

•

a;

431

113,159
129,347

'.14

ill.'JSl

5-8
7,303

l:«,S76
69,103

5!l,15r

39,418

lit

»519,639

1514,376

1,968,391

2,096,011

at the port. 8,701 t3.4S8.020

7.104

(2,610,416

Addent'dforconsumpfn

SoUl entered

(173,294

1,259
5,845

Total

3,821
4,880

$l?a,935

41i)

391
100
241

400

8,S8«
4,417

li

8.709

»58!,457

is

-

•,

1,'78 '.line

978

644
3,036
!4.0sl
2.588

.

tOl
619

BmioDS
Coal, tons

6,772
1.282

lU.sao
213

Ootion, bales. ...
Droga, AcBark, Peruvian..
Blea. powders...
Cochineal
Cream Tartar

1,58
2E,»«:
2.6i4
67f

anm, Arabic
JIadder A Ext.of
Oil, Olive

892
1,987

65

39;

-8
•-»

:

:i

Wines ......
Wool bales

Articiet reported by

502

Fare
cloth

!86

Hair

9,95')

bales

6,917

Ac—
68
469

490

3,5S3
142

4.813
147

169
49

315

18,5)9

3,000
1,42E

Bristles

Hides, dressed..
India rnbber
iTory
Jewelry, Ac-

2,687
60,639
1,JJ3,999
7,442

12,910
268,092
77,046
4,665

;1.I9R

...

Watches

:

•

same period

2.)

of 1377,

goods

Wheat

bush.

"

Corn
Oats

..

.

.

"

Rye

"
Barley A mall"
Grass seed. ..bags

Beans
Peas

bbls.

Com

bufh.
meal.. bbls.

Cotton

bales.

Hemp

"
No.

Hides

Hops

1,'78

s2

:3

— o c c«

•

I

w

•

Hides, undressed..
Rice

:SS
8

489,; 82
16,170
8.22;

U.26i
13.5S5
1; 6,091
•

93

251,8»

bales.

l',707

863,lJ8

iurp..bbls.

Spirits lurp

"

Rosin
Tar

"
"

492.5';9
49,97'J

371,310
27,54 J,
8.616
39,0iS
Ii,868l

:08,34h

Pepper

Cork

.199

6,897
8S,32e
I,95i

3,172
4,251

89.419

3S

oS

JO
i~t

lO ei

bbls.

pkgs.
..bbls.

Peanuts
bags.
Provisions—
Butter

pkgs.

"
..

Kggs
Pork

"
"
"

"

Beef
Lard
Lard

.kegs.
pk^'s.

,.

.bbls,

.

Whiskey
Wool

..

GO OQ

«

fft

oda~«'

0«

•

•

•

•-?

:«

:g:
'eo

*

s
.Mod

-

xf

::£:::

5^.

82,199

81.38i

liiiHiiiii

1,670

3,!'0«

47,974
1,734

s

:a

;

53

«2

a
1,

1878,

and

||

•

•

•

If

•

•

:

;

:s:sSr:?i5 :9S=:s?.

s

«

iHSg

Sugar
hhds.
22,108 Tallow
pkgs.
Tobacco. ...
100 Tobacco.,.. ibhda
9,7 1

.QO

&2,eiy

79,7.7
8,708

.bbls.
baltts.

Dressed hogs. .No.

s
•

•-.--•

1,'73

23,189

619
7,078

1,110
7,936

73, US

78. 37 9

68,0 6
144,711
32,727

12,321
127,911

Se.'^B

s

c#

.*

s—s

:

§2"

I

S'S'-a

|i|,2iiS iij

8,893
32.412

4,8i7

4,6.71

lit. 196
a.89.'

39.266
6.182
3,9S6

32,027

34,5(11

J.S'^l

"te

:ime 1877

30
39. ':o

V--

Csil Ss

=5

Same

Since

111 Rice
376,9151 SUrch
5,601 Stenrine
295,3 2 SU'.'ar

19.3J5
1.610

•

.T-4

•O0i.~>Q -oot-

6,949

6.60(
25.961
8,6! 9

Jan.

Cheese
Cutmeats

---3

<rt

I,2i4,8'i7

22,'.08

Fustic

Logwood
Mahogany

2'(i

42,3:9

.to

?5

^oods—

Oil, lard...

^ eO

Ota

Pitch
cake

;91,7ii7l

t-

si

18,379
1:4.576
119.hOI
249,389

Ac—

Caaala
OInger.

Oil

3'<.448

t-

O

in

tunc 1877

192,253
Si9,44«

'

8.13i
66.702
26,833

55,;a3
61,387
17.807
122,33!
87.707
87,896
914,055
12.655

00^

•co-r-^r>07c3i'c«m-r
e- a-"

•
•

t
?2b86

have been as foUo ws:

265
857.351
3,4is,l80
l,42U,i;8
414,057

Leather
sides.
Mola»ae«
hhd'.
Molasses
bbls.
Kaval Stores-

Crude

f-".

:

2,238

Ac-

Same

Since
Jan.

bbls.

'.0

•

!0,'h93

»

receipts of domestic produce since January

Flour

O OD lO

4,725

786

Pish.

o

235.740
107,443
5,222
10

97.742

Spices,

610

Ashes
pkgs.
BrcadetnUs-

'O

^-^

•

;

Receipts oc Domeatio Produce.
or the

't*

*

55

:

:

?2

-

Saltpetre

...

Llnaeed
Molasses

The

-rd

•

S3;»

e.381
7,57N
2,019

4,9)0 Pruits,
306
Lemons
5»1
Oranges
187
Nuts
185
Raisins

3n

Plsx

vaiue

794
109 O.irks
S.IUO Fancy
5,221

3,711
91,941
1,04 1.7 IS
8,076

75

89:

2.;30
5,146
6.396

32)
42

Wines, Ac—
Champagne.bkts.

3-30

853

357
36
2,809
232.4SO

T..

2.'i21

if,

Sodaaah

Tea
Tobacco
Waste

1,43:
137

2.9)0

3oda,bl'Carb
Soda, sal

Lead, pigs
Spelter, Tbs
Steel

3,f6«
117

Upium

....

:8gS
-WTO*

:
•

Ac-

Hardware

Tin, boxes
Tlnalahs.lbs...
4,0i2 Paper Stock
1,'26U Sugar, bhds, tcs. A
li8,152
bbls
45; Sugar, bxa A bags.

1,652
2,193

Indliio

Jewelry

-toco

I-

"T-t

— '^^* —
::S»

5;0

.

9ambi«r

Hides,

«Sg;

Jan. 1, '78 time 1877

1877

Cutlery

Hemp,

:|S

:gsSS?S2St5SS

:

:?SS»

as

s

Same

Since

MeMls,

China

easny

•S

•

13.283 $2,181,917

Same

Oblna, QlasB and

.

00

•

s

-•i

Jan.

Oocoa ba^B..
Ooffee, baes

•?

t-

civen In packasces when not otherwiee specified.]

Since

Earthenware.
QIass
Glassware
OlasB plate

CO ^* lO

•I-

1,600,160

liuportaof LtOadluie Arllolea*
The following table, compiled from Custom House returns,
shows the foreign imports of leading Brticles at this port .since
JiQuarjr 1, 1878 and for the same period in 1877:
[The quantity

£^ M§

^'^

-s's--

7,093*2,034,375

BMTKRKD roa WAHHUOUSlHtt DURINO SAUB PBRIOD.
Manntactareaof wool....

V— so—'t-s

c^-*^",.?,-

1483,915
'

m'k't

:af

4,4)7 (1,600,460

5,815 {3,096,041

4,830 Jl,96j,391

'

r^i

Cj

lax.... 1.148
Hitcellanvoas dr; goodt. &62

1,8 >:
91

3,192

4.(85
«,776
9.201
9,91)
1S.727
4.016
1) 100

4,374
S.b!)
11,924

6

1,'.76

16.506
4.101

21.70«

ss|5|||j?isls-s.|:2.*.S8a£aa%§°g|-Sg-

i:;:::i;i:i

=

:i:;"::::f^-11::1.:

s £
8"
•

o

S

'5
:
.

•

THE CHRONICLE.

126
UBNUKALi

GUN'NIKS.—See

ASHSB—

Croton
Philadelphia

HBMP AND JU IE-

Manila
I

liO

23 00

*i
0«m«n(— Rosendaie
iim«— KocWand, common....*

100

l)bl.

bbl.

80

Rockland. flnUhlnK

iumfter— Plne.g'dto eY.dry.* M It.
Plne.shioplOK. box
do tally boards, com.to e:M,»»cn.

48 00
18 00
25
It. 3> 00
}' 00
.
SO 00
22
16
^

* M.

Oak
ABh.gool

Black walnut
flprnce boards & planke, each

Hemlock boards, each

sh.* keg

Cllnch.ix to 31n.41onger

40
3S

a
la
a
a

S5

a
a

4 25

2

5
4
2

a
@
&

Catspikes.sllslzes

Jute

iWy-BuenoB Ayres,selected.*»g6ld
Montevideo,

S
1

choice State V lb.
"West'n fact'y, tubs, g'i to ch'ce "
H'l flrk.,tub3,State, f'r to prime "

Dairies, palls,g't' to

p'me "

CHKKSB—

v"»
State factory, fair to choice
Western factory, good to prime..

lO

.... 3 35

S 15
3 53
3 lU

.

.

®
®

8

30

a
a
<a

20
25
23

10

a

12X

as 12H

gold.
eold.
gold.
gold.
K°)v-

Java, mats
NatlveUeylon
Mexican
Jamaica
Maracalbo

.

"

a

a
«
9

Bolts

*

•,;

8heathing,new(OTerl2oij

drugs:* UYKS—
Alum, lump.

..

Am

a

l^X J

cur.

17X

ton.

"

*

tartar, powdered
Cubebs, East India
Cutch

c

Cream

Gambler

•»

"
•'

55

'•

cur.

*B

c.)

.Jalap

Oi; vitriol (66 Brimstone)

...

.

.

.

4

37;»a
24
4s

I

Shell Lac,2d4lBtEngllsh^*ii.cur.
* lOO ». gold
Soda ash..
sugar of lead.white,prlme,*Ibcur
"
Vitriol, blue. common

Gr'<rBk.*8eorge'8(new)cod.*qtl.
pr.bbl.
Mackerel,No.l,\I. shore
Mackerel, No. 1, Bay... .
Mackerel, No,J Maas. shore (new)
Mackerel, No. S, Bay

Bal>l:iB,Saeaiesi.

..

per

BO lb. frail

Layer, new.

do

1

00
..,

1

4 20
..

17}

9

21
I 75

,

«
n
a
a
O
a

a
a

5 50

1

2

67X
66"

* B
* B

Peiches,pared,i4a g'dtocb'cenew)
unparei. haiveiand qr».
do
Blackherriis, bags aid bbls. (new).
Baapbe-ries
Cherries, dry mixed and new wet...
.

li
8 00
isji"

14,;

51<»
4

new
quarters, tew

®

6xa
« a
e

a

3ira
9

24
12
12
12

a
a
a
rd
®

,* bbl. 3 25

a

"
'
•?»,'•
Btrd.* bbl.

good
low No. 1 to good No. 1
low No. 2 to good Ko. a
low pale to extra pale..
windowglass

"

7

r4x
6!^
10
5
18
26 K

I

16.H
16
13

I

12X3

" ®
5.Xa

SO

5

.*ga

PBTROLEUM-

* gnl.

.

<

a

a
a
a

STBKL-

Pork, mess, spot
Pork, extra prime
Pork, prime mesp. West
Beel, family mess
Beef, extra mess, titw
Beef ha;n8. Western
Bacon, City long clear

*

English caBt,2dAlstquality * Bgold
"
English, sprlng,2d &lstquality,. •"
English blister, 2d & 1st quality.. *'
,

English machinery
English German, 2d

"
"

"

*B

Hams,Bmoited
Lard, City steam

*

,.*».

3;x

2 23'

63"

1

2 20
1 EO

4X
lOX
IIX

®

lox
4!
20
64
45

Prime

..

*

Martin
Ltvarpool,Aihton'<tlne

u-'w
V sack

bush.

J5

1

**

"
"
"

*

bosh.

40
...

a

7X

nx
11

7!

...

It to
13 50

••

7* a

Other Yellow
Molasses sugars

"

7

"

.

«
a
»
a
a

7'67X

6X

a.

1%&

gold.VB
'

17X»
14^3
...»

•*

"

a

d. 5 35
5 7S

cnr.*B
Uyson, Common to fair
do Superior to fine
.,
do Extra fine to finest
do Choicest
foung Hyson, Com. to fair
Saper.to fine
do
do Ex. fineto finest
Choicest
do

9!^

*%
9X

1%

a

1 1-18

....

i«y
?
5

a

23
30
40

J7
85
2 51

43
63

15S
50"
87X
27
87
47

a

a

Nominal.

®
a
a
a
a

21

so
47
67
:i

2<
40

do Choicest
Imperial, Com. to fair
Sun. to fine
i;o
Extraftnetofinest
do

Hyson Skin.* Twan.com. to
Sup.tofine
do
do

Kx

do

fair.

Nominal.

finetofinest

UncoloredJapan.Com.to I air
Sup'rtofine
d«
Bx.finetoflneflt
do

..

27
43
55
38
43
7B
59
35
43
17

a
a
a

30
32

Stip'rto fine
Bx. fine to finest

47

*B
Kentncky Iuks, heavy •'
"
leaf,
Seed leaf— New Eng.wrapper6ni.'7B
•'
fillers, '74-'75
do

OIL

5
13
50

7«
25

Pa. assorted lots, *71-'75
Tara, assorted
Havana, com. to fine
Manufac'd.ln bond, black work
"
" bright work

95

issa

19
31

21

44

1

a

CAKE—

a
a

City, thin oblong, bags, gold, * ton. 35 00
Western, thin oblong (Dom.) cur • 31 00

American XX
American. Nos. I &
American, Combing

*B
2

S3
18
48
88
18

4U
B«
ii
29

California. Sprmg Clip-

Superior, unwashed..
Fair

25
20
16
13
29
28
25
22

Inlerlor

1

V<
9X

a
a

6

Extra, pulled
No.l, Pulled.

1

8

7X«

"

WOOL10

•
a
a

a

?«

a

TOBACCO-

r ».

Canary, Sicily
Canary, Dn'Ch
Hismp, foreign
Flaxseed, American, rnurli....
gold.
* 56
LinEe.!d, Cilcnua
V!l* B>ld.
L'nfcetd Bomhay

SX

5

"

*bxg

•a

7iia

WhlteextraO
KxtraC'lo
Tellow C

do
do

60

a

**

W

7»i

a

6xa
7xa
6va
... a
9xa
9X®
....a
8xa
sxa

"
"
"

A

6X
in

7X»
7Ka

Souc.ft (Jong., Com. to fair

67
65
C6

1 28

^ S
a

ofl'

exa
..

"
"

Nos.9®U

»
10

"

"

Burry
South Am. Merino, unwashed
Cape Good Hope, unwashed
Texas, fine. Eastern
Texas, medium. Eastern

Smyrna, unwashed

SEBD8-

Timothy
Canary, Smyrna

«

.

11

...a

....a
....a

"
"

fair to prime
refln
lioxes. ciayfd, Nob. 10®12
Centrifugal, Nos. 7®13

Porto Rico,

BX
14

lOX

....a

"

aolong. Common to talr«M«
do Superior toflne
do Kxflneto finest
do Choicest

!)0

9xa
....
a

B.
•'

do

I

a
a
a
a
a

common .-eflning....*

Bunpowder, com to fair
Sup.tofine
do
do Bx. fine to finest

....a

Turk'stflland

Ciover, Westarn
Clover, New York State

13 00
16 50
...^

•

bond

Patna, duty paid

St.

—
—

....

....a
....a

TEA-

a,

a

luxa

refining

IB

6xa
9 a
9X®

"

Platos.char.terne

2

07

1

I4xa

cnr.

& ist quality

American blister
American cast. Tool
American cast spring
American machinery
American German spring

Banca

isxa

bbl. 11 50

C6xa

store Fricet,

Straits
Bngllslt. refined
Plates.l. C, coke

8xa

7

1

TIN—

@
®

41
1 !U
63
43
65
65
60
1 03
I 25
53

....a

gal).

Out-of-town

....a

In

••

V

Primecity

Naphtha, City, bbls

Rangoon,

••

TALLUW-

S7Hil

4
10
11

.

Crude, in bulk
Cases

2
2

1 88
1 70
2 75
4 50

"
"
"

....*lb.

shelled..

a

a
a
a

Carollna,falrto prime
Louisiana, fair to prime...

5X

,

V

Hard, powdered
do granulated
do cutioaf
Coffee, A, etandard

23
28
81
31
29

a
a

35
2S
80
26

BICB-

._

ISX®
12X®

.

PROVISIONS-

a

5xa
50 e
20

"

Refined

iixa
B

"

"
"

Sperm, crude
Sperm, bleached winter...
Lard oil, Nos. 1 and 2

,5K9
I4va

state, Bllced,

ate

SO
3 00

6!<a

Canton GInger.wh fthf.potB* case
eartline*, * half box
Saniine.', * quarier oox

V Qgrileberries

5iK

...

Prnnes, Turkish (new)
French
do
©••ca

do

t

t4Xa

Manila, sup. and ex. sup
Batavia. Nos. 1C®12

22X

(0
8i

U « S3
14 a
...
gold.—
gall. 8 75 a 17 00
4 to a
8 00
" 3 50 a 4 00
" 3 00 a 3 as
'
5 (0 a 400
i BO a 8 90

Melado

•X

a
a

....

a
a

•
eo

F«lr

a
—
—a

gal

Linseed, casks and bbls...
Menhaden, crude Sound..
Neatsloot, No. 1 to extra..
Whale, bleached winter...
Whale, crude Northern....

....a

Citron, new

Domexcic Dried—
Apples, Sju;hern,8llce1
quartfrs
00
no

a
62Ha
a
!7

old..

Loose, new
Valencla.ncw
Garrants, new

Ma".aronl, Itiillan

2*
*'

Cotton seed, crude
Olive, in casks* gall

....a
17>4a

1 65

do
do

a

g

<:."'

Rhubarb, China,goodtopr.... "
Sal soda, Newcastle..* loon, gold

FROIT—

29

OILS-

a

6Xa

Mace
Nutmegs, Batavia aad Penang
Pimento, Jamaica

Good

S2
SO
81

a

IS

(;alcutta

Inferior to

7
8

a

21

OAKQM- Navy.U.S. Navy ft best * B.

i.va

.

....(In bond), gold.
Prussiate potash, yellow. Am. .cur.
tso'dQalcksilver

do

iSy

a
a

E'>ftned—\\&rA, crushed

a
a
a

....a

i2xa
Uxa

Batavia
do
Ginger, African

SOOAR-

11

29Xa

Walnuts, Naples
Pecan.

18

.«

..

Opium, Turkey
Qalntne

20

....a
....a
....a

cur.
"

19 CO
18 00
17 00
26 50

4
36 rO
4i 00

26

*

Brazil
Filberts, Sicily

—«

Licorice paste, Calabria
Licorice paste. Sicily...........
Licorice paste, Spanish, seiid.. .gold

Madder, Hutch............
Madder, French. K.X.F.F
Hutgall8,hlue Aleppo

1

37

...a

California, h., m.&l
iilde,h.,m. &1

Almonds, Jordan

5)<a

'

Glycerine, American pure

....
..,,
....

a
a

4 OJ

common

NUTS—

....«

.JM*
-«"• l-J
f
"
n s
•.'*
.,

Ginseng

....
....

3X3

*1001b8,gold

P.osin, strained to

26X8

r,
••

Kol*.

48

10X9
45 00

1

Spirits turpentine

a

4j

a

ton, cur. 81 OU

Pitch, city.'.

a

4'iHa^|20
i9 23 8 15 50
59 Q

'.'

3

8«2Xi 5S7X

Cassia. China LIgnea

do

Tar, Washington
Tar, Wilmington

00

a

2J
SO

14
5

a

com.

tretile,

NAVAL 8TORES2'

cur,

Bineapore
white

do

8 60
5 00

B.gold.

* B,gold

Pepper, Batavia

Brandy, foreign brands
Rum— Jam., 4in proof
St. Croli,3dproef
Gin
Whiskey, Scotch
Irish
do
Domeatic Uquora — Casb,
Alcohol

Store Price).

Cuba, Mus.,refln.gr'dp,50test.
do grocery grades.
do
Barhadoes
Demerara
Porto Rico
N. O., com. to prime

'.'.

reftned

a
a
a

ro

13

17 00
16 UO
23 50

MOLASSES—

2><a

Ca«toroll,B.I.lnbond. *gal..goId.
* 100 » ;;
Caustic soda
"
,;.
Cliloratepotasti
•'
Cochineal, Honduras, silver...
"
Cochineal. Mexican.....

y;nm?,S

*

Cuba, clayed

V a

•^^

do
do

;...

rexas.crop

•a

;i;'*

gold.
loxa
Argols, crude
"
23 a
Argois, refined
Arsenic, powdered
lOOtt
m
3
a
Bicarb. soda, Newcastle.*
*» cur
12«3
Blchro. potash...
*luOtt. "
1 45
_
Bleaching powder
ton.goId.21
00
Srrts.per
&
a
Brimstone, iait
»itt..cur
a
Brimstone, Am. roll

do

34

rough
Blanghtercrop
Oak, rough

*•

Braziers' (over 16oz.)
American Ingot, Laks
COTTON— dee special report.

do

35
ii
86

Hemlock, Buen,A'res,h.,m.&l.*B

"

100

common

SPIRITS—

lOH

a
a

4 50

15

US

a
a
a
a
e
@
a
a
®

31
SB
"•
85

LEATHER—

a

Forelgn
Domestic,

Brazil.

Ordinary foreign
Domestic, common
Bar (discount, 10 p.
"
•'
Sheet

u

Re-reeled Tsallees
Ke.reelea Cotngoun

8PKLTER-

H

a
(a
®

5

••

COPPER-

Camphor

B.

..gold.»B

*

LEAD-

(S

le
16
17
15
16

gold.
gold.
gold.

i>omingo

Bavanilla
Costa Rica

a

1<H®

•

10

....

None.
None.

Whlskev

Ralls, American
Steel rails, America

i7)ta
21
17

a
a
a

11

,..,

COO

a

....

Usuai reel Tsatless
Usual reel Taysaams

Cloves
do stems.

8
10

9)ia
13

3
2

Sheet.ltussia
Sheet, single, double
..

7M9
9xa

Bar, Swedes, ordlnaryalies..Vton. 130 00 ai32 50
*lb. 2 6-lOa
5
Scroll
5
2 t-io
Hoop, ?<x.No.2noi&;xx.is*!4 "

9 50

gold

l^aguayra
St.

growths

all

Pig, American, No. 1
pig, American, t.o. 2
Pig, American, Forge
Pig. ScotCb

3 75

"
"

gold.
gold.
gold.

1S7S..

Olds,

IRO^--

BIO, ord.car.60and90day8.gld.*i»
••

do
do
do

Cropof

Para, coarse to fine
Ksmaralda, prt3bse<l, strip
Guayariuil, pressed, strip
Paiiamastrip
Carthagena, pressed
NicarHgua. hheet
Nicaragua, scrap
Mexicao. sheet
Honduras, sheet

COFFKK—

do fair,
do good,
do prime,

lOj^a

INDIA RUBBKR-

12

3 Si
3 75
3 50

60

*

Cropofl677

23
1^
20
13

lax
19H
16M

a
a

5 75

**

SILK-

do

19

— aa —
—
— W\

"

HOPS—

9

2U

®

"

SPICKS—

iVH

a

!9
19
16

cur.
Texas,
£./.sWcit—Cal. kips, slaught. gold
"
Calcutta kips, deadgieen...
"
Calcutta, buffalo

'.

....
1

..

do....
do...,

California,

,

Egg

"

"

—

Ijiverpoolhouspcannel

3 75
Stove.
Ch'nnt.. 3 aO

do

a

per 100 ib.gold

Nitrate soda

21

19«a
ISHa

'•

do
gold
Savanilla,
ir«l«aIl«d-Buen. Ay, selected ••
"
do....
Para,

...
W 009 1100
li sua '3 00
..
AirTHRACiTX— The following will show prices at
last auction or present schedule rates:
D.&a. p.&R L. AW.
Fenn. D.L.&W
Sched.
Sched.
Auction.
Sched.
"WeehawPort
TVeehaw- D'c. 28.
John^t'n.
ken.
Hoboken.
ken.
$S 25
$3 25
Bt'mD..*3 25 |3 10 a ....
S 25
3 25
3 12)1® ....
Grate... 3 25

Uverpoolgascannel...

"

Matamoras.

"

Z>rj/A'(ii(«ii—MBra'bo,aB they run"
do.... cur
>Iatamora8

9
a
a

loxa

Callfornm.

Rio Grande,
Orinoco,

a

20
20

"

do....
do....
do....
do....
do....

Corrlentes,

Sj<»

Crude

70

175 50
130 OU

HIDBS-

00
00
00
'3
00
00
00
28
18
00
40
25
75
75

8^9
7X8

^a(n(s— Ld..wh.Am.Dure. In oil » »
Iiead,wli,,Araer., pure dry
Zinc, wh.,Amer. dry. No. 1
Blncwh.. Airier., No. 1, In oil
Parlswhlte. Er.6., Bold....* 100 B.
BDTTER—jV«w—( Wholesale ITlces)—

tubs. State, com. to

70
22

gioa

Sdane

Welsh

1

a

....

Sisal

...

a
a
a

*M.a.SOOO

Maple

*oto— lOatOd.ccm.fen.*

Russia, clean

• 29
K 00
27 00
1 10

a

65

a215 00
ai35 00
gold.2C5 00 a210 00
' 270 00 &275 OO
*»> "
....a
EX
"
i%
5ka
"
BX
45ia

Italian

a
a
a
a
a
a
a

2 33

B

100

*ton.

American dressed
AmerlcaL undressed

tX

*B

Refified,pure

*

North River shiop'hs

iS»

V tt.
Pot, Brat sort
BBBAOSTaFFS—Seeapeclal report.
BCJILDINQ MATKUIALSBrtcks—Oommoa Uard.alloat. .» M

SALTPETRE—

raport under Cotton.

HAT-

PRICES CURKENT

[Vol. XXVI,

gold.

— STXAH.—d.

KilElGHTBTo Liv«bpool:

e.<l.

Heavy goods. .* ton.

Corn.b'lkAbgs. * bu.
Wheat, bulk « bags..

Pork

»

*bbl

17

82
82
38
24
16

15

,

...
4

Beel

2t
13

tee.

37 6
III

10
7 U
5 3

s.

a X
a....

345

a

...

a....

a

7 6

a....

s.

d.

..

8.

d.

aXcomp

4X*

3
32 B

a

SO

1)

a

....

9l«
40t

....

7

....

Pkbkcart

3,

£HB CHRONICLfT.

1878.J

UNION TRUST
NEW

OF

CO.
O Oni

YOUK,

No. 73 Broadway, Cor. Rector

CAPITAL,

-

-

-^2^

•

.

St.

Rc{;i«trar of Stocks.

AND SHIP

may

be

Head Offlce,
Represented by s.

made

liny time.
^H on this tnstlttitlon

J. M. MoLkan, 1«( Hce-jytitdenl.
Vi'n. WuiTKWttionT,
llM iVe«li(en<.

AUKN

EX ECUTIVE COMMITTEE.
M. UcLKAy,

SaXI'IL WlLlKTS,

Wm. WhiTBWRIUUT,

B. H. HOTTON,
E. B. Wk8I.it,

Oko. Cabot Ward.
TlIEODOKE KoOSITILT.

Q. Q. WlLLUUB,

H. OGIIiVIE, Seeretarr.

J.

Oar. of

MoDUgne *

Clinton

CAPITAL,

ati.,

&
J

R. MARVIN, VIce-Pres
Cotjjut, Counsel.

I

NEW YORK,
45

— National

United Btatea

Bank FlKuros and

Carrcncy MoTcmenta.

l(

)

New Tork City— Bank Rcturoe,

iSc.

Londan— Money Market and Bank Retnraa.

CommercialUnited

States

— Foreign

Commerce,

Trade

Mills.

BOSTON,
15 Chaumust

WUITJt Strbbt.

PHILADKLPHIA,
W. DAYTON, aai CukstnutStbhbt.

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

Toimase

Articles,

and

Trtink Railroads

of

The Money Market—

Brinckerhoff, Turner

TRUSTEES:

Alex. McCne,
Chas. R. Marvin, A. A. Low,
Tbomaa Sullivan, Atim. B. Baylls, S. B. Chittenden,
U. K. Pierrepont, Dan'l channcey, John T. Murtln,
John Halscv.
Joslah O. Low, Hipley Hones,
Alex. It. White, Austin Corbin. Kd'uund W.Corllei.
Wm. R. BITNUKK. Secretary

Co.,

American
BAJVIi-iVOTE CO...
BROADWAY,

kinds of

01TO« CANVAt, FELTING DUCK, CAR COVKK
ING, BAQGINO, RAVENS DUCK, SAIL TWINK8
*C. " ONTARIO" SEAMLESS BAUS,
*

AWNlNti STRIPES."

Production, Exports and Imports of Gold and
Silver in the United States.

Also, AKents

No. 109

colors always In stock.

Dnane

Silver Qacstion.

Prices,

Movement, &c.,

Prices of Gold In

In

London, 1883-18TT.

New Tork, from 18«

to ISTT.

Methods

of Quoting.

Prices iu

New

Toik, 1870-1S1T.

Investments and Speculation-

Street.

Principles Relating to Investments.

&

George A. Clark

Netv York.

Tie

Foreign Exchange—

United States BantInK Compani'.
A full supply all Widths and

1870.

Gold and SllTer—

COTTONSAILDUCK
all

Tork, and Pricee of Call

Loans and Commercial Paper tinoe

Manufacturers and l>eal«n In

And

New

Inflncnces In

&

t.

Henry Sanger,

143

BaukiUK and Financial-

Canals.

CHAS.

OFFICE,

K

r s

From Various

Brookiji). K. Y.

toaocQstomed to tne transaction of business, will find
tkli Company a safe and convenient depository for
oney.
liIPl.BV ROPES.fresrdent.

Xdoui U.

YORK.

AND

This Company Is authorized by special cl?ftrtcr to ac
nrecelTer, trustee, guardian, executor or admlolstntor.
It on act as agent In the sale or management of real
Mtate, collect Interest or dlTldenda, receive registry
u< transferbooks, ormake purchase and sale of Got.
wna ant aid other securities.
BellgioDs and charitable tnstltuttons, and persons

J. 8. Rockwell,
JobH P. Rolfe,

RIercantUo Failures.

Jr.

NEW

HoKlerr. ShIrtH and Dranrers

t5a0,0W.

CONTENTS.

POMEROY

fTKKKT,

Wasliinetou ITIillx, Cliioopee nrg Co.,
Hnrllneloii Wooleu Co.,
Bllertou New HIIIIk,
Atlantic <:uilon nilllB,
Saratosa Victory inrs Co..

The Brooklyn Trust Co.

.

TEong Kong;.
VV.

WATER

8r8
Ready February 15.
1

Retrospect of 187T.

E.R.Muclge,Sawyer&Co

M

J.

106

pass throaffh the
KINO, PreMdenl.

EOWAUD

(.ieaniiK ii.iise.

(ANNUAL),

Shanghai
Banking Corporation,

tit

'I

Review,

Financial

AOK.NTS,

Canton, A inoy, Foochovr,

Hong Kong &

DEFOSITOItV FOR mONEY.
'wcd on Deposits, which

Co.,

nRROHANTS

Miauslial and Hank<>«v, 4;iilua,
Represented by S. W. POMEKOY Jii.,
105 WATER STREET, NEW YORK.

Anthorfiod bT Ijiw to act as Kxecutor, AdmlnlBtrafor, Guardlau. Ucculver, or Trustee, aad Is a

;t

&

Russell
iniSSION

HonK Kone,

$1,000,000.

HAS SPECIAL FACILITIES FOR ACTING AS
Tmiiiiifer .Agent aii<l

LBCiAI.

TOR

Oommeroial Cards.

Financial.

Bro.

ENGRAVES AND PRINTS

Investments of Financial Corporations la Jtew

Tork City.
Compound Interest Table, Showing Acciuaalations of Money in a Series of Tears.

Baxk.Kotbs, Boxds roB OoTBBNaiirrs Aun Cob
VOBATIONS, Bills of EXCHASOE, CBRTinoATBS
Of Stock, Po3Taok and Revbnub STAiiPS
POUCIEB OF ISSUSANCE, AX3 ALL
KlXUS OF SEOI-RITIES,

Table Showing the Rate Per Cent realized on

IN TH£: atOST ARTISTIC STYLE,

Stock Speculation in

ASD

m A BVILOmO

Pit OOF

A0A12TST FIRE.

ALBERT

G. GOODALL, PresMent,
C. L. V'am Zasdt, Vlcc-Pres. & Manager.

tsato. H.

Frbelasd,

Securities Purchased at different prlcei.

Sec.

Geo. H. Statnek,

infLWARn'S Ili.LIX NEEDLES.
400 BROADWAY, NEW YORK.

Olyphant &

I'reas.

Co.,

Stocks.

United States Debt and SecuritiesDebt of the United States; Terms of Payment,

COlOasSION MERCHAMTS,

Hilmers

,

McGowan & Co

Hons Konz,

Com

hills.

J.

New

St.,
fiEALEB TS

Wt. LOVIS

York,

AVD

Ai.T,

rr.i.^K!*
s.

SODA.
New

SEClri'.ITIKS
Co., iSankers

Mchols A

No. 11 Old Slip,

Smith's Umbrellas.
,

.

anyiize

(]

patented

2

qq
00

Sl^t paraxon frame
o gn
Fine Silk I'm brellaa in great ^•ricly.
VmbrclIaH and Paraaola to order i, repaired.
1203 FroMdwny, corner asth street.
1«4 Briiadway, near Wall street.
77 Fulton Street, near Gold.

WHOLESALE
405 Broadway,

n-ar Canal street.

Established

AD 1802

J.

8.

Kennedy

BANKERS AND

Prices of State Securltlea. liMO-lSTT.

Railroads and their Securities—
Itallroads of the United States.

English Railroad Laws.
Price? of Railroad Bonds, 1878-1877.

Prices of Railroad Stocks, 1880-1877.

The
York.

&

luircstors'

Supplement—

The Intestobb' 8urri.m««T

Is

fumlaheddar

Ing the year only to regular snbscriben of

Co.,

ITIERGHANTS,

41 C£I>AR, COR. WILLIAM

New

Securities—

Immunity fr»m Proaaentlos,

Railroad Earnings.

The .lootung Trade ONLY Snpplled

Oommeroial Cards.

OINGHAM
OUAWAOO

Co.,

OF

or

nrVESTMKXT A MISCKLI.ANKOI.S

&

York.

SIJPER-CA RBOSTATE

CITY & COUNTY BONDS

Kefers hypcrmli.«lon u, W.

New

MANUFACTURERS OF

Alden Gaylord,
3S Wall

Co., of China,

1114 tVall St.,

John Dwight

and

State Debts and

2,M7.)

Special attention paid to the negetlatlon of

mirclal

OLYPHANT &

Prices of U. S. Bonds, 1860 to 18TT.

State Debts

Rbtbesenteo bt

FOREIGN EXCII.4NGE AND GOI.D,
63 Wall Street, New York.
BOX

A

Canton, China,

BROKERS IN

(P. O.

Ac.

Eoochow

Shansliai,

New Tork.

Table Showing the Interest Cost of Carrying

ST.,

York.

Buy and sell Railroad Invesiment Becunues. Col.
Coupons and Dividends. Negotiate Loans and
draw IIIIU of Exchange on Lotidon.
AgenU for tic sale of STEEL RAILS made by Uio

the CnRoirici.«, and no single copies are sold.

One number

of the

Bcpplisiwt, howeysr,
bound up U th*

that for January, will bo

FoiAKCiAL Raviaw, thus ramishing a complete exhibit of stocks and bonds for refaraace
In connection with the record of prices.

lect

Cambria Iron Compaky,
joa.vsTowy. I'syx:,
AND THB

Edgar Tlionipson 8t«cl Co. (Limited),
pinsBURaa, rsirir.
All bnslness relating to the

PRICE IN CLOTH r
To Bnbtcrlbors
To all others

fl

B.

DAXA &

ۥ.,

PUBLISHERS,
79

&

OO

• •*

WILLIAM

ConstmctlOD and Equip-

ment of Railroads nndertaken.

of tha OHBOincLS

81 \rilli»ni Strest, N. T,

THE

n

OFFICE OF THE

Stonington Line
FOR BOSTON,

ATLANTIC

7 Consecutive Tears.

in

THE ELEGANT STEAMEnS
STONl^NOTON and RHODE ISE.AND.
4.-3A
iim. Dally from Pier
s.t>v I*
• . IW
^j -f^^ Blreet.

Also tlckeu for sale at

PROVIDE^E

Mutual

and

New Yobk, Jannary 2S, 1878.
The Trustees, in conformity to the Charter of the
Company, submit the following Statement of its
on the

affairs

River (foo
Ttl
iiM. Dally from I'ler 29 North
^^ barren street.)

,

Freight taken via either line at lowest rates.
D. s. BABCOCK, President.
L. W. F ILK lNS, General Passenger A gent.

Company on

3l9t

December, 1877

from

let

1st

O N I. ^
to France,
Line
Direct

Premiums

uneaiTied 31st

Policies not

marked

Calling at Plymouth for the landing of Passengers.
The eplezdid vessels on this favorite route, for the
ContlneEt- oahlna provided with electric liclls— will
Ball from Pier No. 50 North Klver. foot of Monon St.,
as follows
Wed., Feb. 6, 8 A. M.
FR >N<'K. Tru:lelle
Wed., Feb. 20, 8 A. M.
AMERIQUE, Dclord
Wed., March «, 7 A. M.
..
L.\HKAD01i, Sangller
PRICK OF PASSAGE IN GOLD (Including wlne>:
To Havre— First cabin, $iOO; second cabin, $ 5; tiiird
cabin, $35 steerage, $26—Including wine, bedding and
;

utensils.

To Plymouth, London or any railway station In
England— First cabin, :^yO to $100, according to accomsecond cabin, $'5; third cabin, $35, steer
^I'i. Includlnu' everything as above.
Return tickets at very reduced rates, avallabl
through England and France, steamers marked thu
* do not carry steerage passengers.
For passage and freight apply to

modation

;

age,

LOUIS DEREBIAN,

January. 1877

Risk>, nor

2,040,362 61

Atlas

JVlaiJ

same period

Nnrtli Kivpr,

Pacltlc Ports

via

Aspinwui

;,

AILSA

ANDES
ATLAS
ETNA

;

For Kingston (Jam.) and Haytl.

Buperior

firsl-elt^Bt-

PIM,

passen^ie'

Janua-ySl
February 21
acconimodaiu n.

FOKWOOD 4

CO., Agents,

SO.
{Vi

W.

S.

JanunrySO
February 3

58

Wall treet.

United States and State of

Kow landing and

In yard, for sale at lowest

prices In lots to suit purchasers.

Also,

all

market

kinds of

ANTHRACITE COALS.
supplied.

ALFRED FARnELE,
32;Flne street.
Yard—S.'n West 22d

New York

Total amount of Assets

By order

CHARLES IRVING,

Secretary.

TRUSTEES:

Arthur B. Graves,
Alex. M. Lawrence,

or their

John D. Dix,

H. L. Charles Renauld,
Frederick G. Foster,
Charles Munzinger,
Ernesto G. Pabbri,
J.'hn Welsh. Jr.,

$H,.366,351 66

the outstanding

be paid

to the holders

on and

after

certificates of the Issne of 1874

be redeemed and paid to the holders thereof,
letral represtntatives, on and after Tues
day, the 6th of February next, from which date all
interest thereon will cease. The certiflcates to be
produced at the time of payment and canceled
Upon certificates which were issued for gold premiums, the payment of interest and redemption
will be in gold.

Walter Watson,

Henry

E. Sprague,

Theodore

on the

7th of

May
By

F. Davison,

E. IL. B. Lyman,
Hugh Auchincloss,

William Pohlraann,
Constantin Menelas,

W.

F. Cary, Jr.,

Theodore Fachiri,
William S. Wilson,
Gustav Schwab,
L. M. Calvocoressi.

J. Ralli,

C. L. F. Rose,

F. Cousinery,

George H. Morgan,

of Forty per Cent, is de
net (*-aed premiums of the Company

EUGENE DUTILH, President.
ALFRED OGDEN, Vice-President.
CHARLES IRVING,

ANTON METZ,

Secretary.
Assistant Secretary.

next.

order of the Board,

H.

CHAPHAN,

North
Secretary.

British

and Mer-

cantile Ins. Co.,
OF

LrO!WDO\

TRUSTEES:
Charles H. Russell,
David Lane,

Daniel S. Miller,
Josiah O. Low,
Royal Phelp,«,
C. A. Hand,
William n. Webb,
Francis Skiddy,

Adolph Lcmoync,

Lewis Curtis,
James Low,
Gordon W. Bumham,
William Sturgis,
William E. Do.lge,
Thomas F. Youngs,

John D. Hewlett,

W.

Charles D. Leverich,

Edmund W.

Corlies,

JONES, President.
CHARLES DENNIS, Vice-President.

MOORE, 2d Vice-President.
RAVBN, 3d Vioe-Preeidout.

II. 11.

A. A.

Cor. Pine,

all

York.

$1,363,686 36

Called in and paid up Capital

Reserve for

New
1866.

othci- liabilities, in-

2,517,928 04

cluding re-iusurance

6W

Invested and CashFireAssets.lS, 500,185
Subscribed Capital, for which the
Stockholders are personally lia-

William Bryce,
Peter V. King,
Horace E. Thurber.

Sold hy alt dtaUrs throughout tlu H^orld.

St.,

Established Deceubbr,

Alexander V. Blake,
ilobert B. Minturn,
George W. Lane,

John

J. D.

54 TVilliam

Net Fire Surplus and Reserve.

James G. DeForest,

JOSEPH GILLOTT'S

UNITED STATES BRANCH:

Charles P. Burdett,

Robert L. Stuart,
Frederick Chauncey,
Horace Gray,
Elliott,

AND EDINBURGH.

Incorforated in 1809.

Charles Dennis,

D. Jones,
W. H. H. Moore,

J.

William H. Fogg,
Thomas B. Coddington,

STEEL PENS.

$1,561,951 54

of the Board,

wi'l

will

Charles H. Murshill,
street.

453,507 74
19,876 46

.

the best

The Trade

840,455 58

Receivable

Ramsay Crooks,

J.

Orrell,

106,036 58

Unsettled Accounts

for the year ending 31st December, 18'7, foi which
certificates will be issued on and after Tuesday, the

English Cannel,
Liverpool Orrell,

American

478,343 75

Stocks of Corporations

Carl Victor,

The outstanding

and Naval Stores,

NEW YORK

$S54,729 4S

Stock

;

Tuesday, the 5th of February next.

chared

ROShNFhLS

if.iJ.

St.ites

Edward

20 BROAD STREET,
Box

United

1877.

Banks

George Mosle,
Henry De B. Roulh,
Henry R. Kuhnhardt,
Lawrence Wells,
Alexander Hamilton,
Car] L. Recknagol,

IN

(I.

in

A Dividend

EXPORT COMMISSION MERCHANT

!•

Assets, viz

Stock, City, Bank and other stocks. $10,565,958 00
Loans, secured by Stocks and other1,163,3:0 00
wise
Real Estate and claims due the Com617,436 01
pany, estimated at
1,764,.393 63
Premium Notes and Bills Receivable
CaahiuBank
255,364 02

isceUaneous

Proiliire, Provisions

Cash

and Uncollected Premiums

The Company has the following

BOUTH

«;i.

182,173 08

..

AS>>ETS,
Decembbr,

Subscription ITotes, Bills

thereof, or their legal represent itives,

Tor Haytl, Colombia, Isthmus of Panama and South

5215,539 81

Re-ins irance and return premium^.

$2,566,890 27

Six per cent. Interest on

PA. IKiC POKT'*(vl» Asplawall.)
Flist-class, f uiI-poweie<', Iro:i screw steamers, from

$8i0,268 55

Real Estate

Returns of Premiums and
Expenses... $947,923 86

certifica'es of profits

Bl-MdNTHLV »1;KV!CK TO JAMAICA. HAYTI
COLDMKIA and ASPIN WALL, and to PANAMA and
piflT ''A.

upon Fire disconnected

Total amount of Assets

L>inc

$950,993 61

Earned preminms of the year

SlsT

Lasses paid duiing the

A Kent, 55 Broadivay.

^m-

755,078 89

Losses and expenses

off

with Marine Riskq.
Pr miums marked off from IstJannary, 1877, to 31st December, 18i7.... $4,9C2,331 08

YORK AND HAVRE.

itg

$;95,916 72

1876

Total Premiums
$4,710,665 83

Total amount of Marine Promiume. $6,751,028 44

The General Trans-Atlantic Company'?

Dec,

Net Preminms received during the year
endingSIst December, 1817.

Ko Policies have been Issued upon Life

NB"^

1677, is

January, 1877, to 31st De-

Premiums on

BETWEEN

December,

:

cember, 1877

Mall Steamships,

of the affairs of this

the 31st day of

Charter

Premiums received on Marine Risks

A-nn M¥»
«.ww

Y'ork, 18th January, 1878.

The following Statement

published in conformity with Ihe provisions of

all

LINE.

FREIGHT ONLY FOR
PrOTldeucp. ^Vorcester, Nashua
all Points Nortb.

Co.

Mutual Insurance

Co,

Insurance
New

North River, foo

33,

Hereafter the STEAMBOAT EXPRESS TRAIN WILL
LKAVE STONINGTON AT 4:30 A.M.
State-rooms and tlcfeets secured at 363 Broadway and
atall ofBces of Westcott Express Company In New
City and Brooklyn.
hotel tlcket-ofllces.

ORIENT

OFFICE OF THK

AND ALL POINTS EAST.

York

Insurance.

reuiable

the: oi^d

XXVI.

Voi,

Insurance.

Steamsi-tiDS

Not a Trip Miseed

DffitONIdJ?;

ble, not yet

cOled in

.

4,lil8,

.

70

10

$9,645,064 64

Reserve for lotal Liabililies, including re-insurance, in the U.S.
Net surplus in the United States.

$780,518 04
i)e6,753 49

FlreAssetsheldinthe U. 8...$1,767,2T6 53
The above does not Include the Life and Annuity
distinct

Funds, which, Oy act of I'arllainent. are In a
andseparalc department, for which the surplus and
reserve of the fire Insurance Department, named
above, are not liable.
CUAS. E. WHITE, SAM. p. BLADGEN,
MaA'aqsks.

Fkbrcart

THE CHRONICLK

2. 1878. J

Tli

Cotton.

Insuranoe.
ORGANIZED APRILIZT? IB«

Cotton.

&

Henry Hentz

_^,

COnniSitiON inBROHANTS,
174

176 Pearl 8t

Sc

New

,

Robb &

Co.,

GKNKRAL

ISsi,

LIVEItPOOL,

F.S.WINSTON, PRESIDENT jof
APPKOVEO DESCRIPTION"

Neir York.

LIFEXKB ENDOWMENT POLICIES

or W/?>l/5' AS FA V0RA8LEA S THOSE OF A N Y OTHER CO.

^ASHSSSETSovElSSO.OOO.OOO.

FINLAY, IflCIR & CO.,
CALCUTTA AND BOMBAY.
FDTDRB CONTRACTS FOR COTTON bought and
sold on commission In

(Successors to

eminent

Proctor, Prof. Huxley,
Jaa. \, Froude Edw.
1. Freeeinan. Franc'-a

Puwer robbe,The Duke
or Arg>ll, iTIra. muloeh, Willlaui
Black, Jean lugelow, niaa Thackeray, nra. Oliphant, nra. Alrxander,
Georse .TIacDonald, Mattbeiv Arnold,

W.

\r.

Browning,

Carlyle,
and many others,

AnerTennyson,

are represeated

KOOLY A

Jao.

1878,

I.

TaaLiTiNG AoK enters upon

AND

en the productions
many

name<l, and

It will furulsh lo ifee rearof the foremost authors above
others : embracing the choicest

LEADING FOKEIG>

of the most yalusble Literary and ScleuUflcmatterof the day, from the pens of the LEADING

K88AY1BTS, SCIENTISTS, CRITICS. DISCOVEKBHS ANO EUITOKS. representing every department
01 Knowledge and Frogress.
Is

magcMru

a weekly

THREE AMD A QUABTEB THOUSAND
doable-column octavo paces of reading matter yearly
It presents In an Inexpensive form, consiaering its
amount ef matter, with freshness, owing to Us
weekly Issue, and with a taUaractorn completenea
attempted by no other publication, the best Essays,
Reviews, Criticisms, Tales, Sketches of Travel snd
Discovery, Poetry. ScleBtlflc, Biographical, Historical
and rolltlcal information, from the entire body of
Foreign Periodical Literature, and from the pens
of the

&

R. Smi'h

B.

U ire ;f«<f the beet productions of the bent writere,
alt iutOectt. ready to our Aanii. "—Philadelpiiia
Inquirer.*'

" In

upon

" The choicest literature of the dni/."~tlew York
"Trlbunt-."
"A pure and perpetual reterroir and fountain of
tntertainmentatut <nslruct(on."— Hon. Uobert c wathrop.
""7A«6Mfp«riod<cal in.dmeric<i."— Theo L Cuyler
P. D.
"4'H' !*1 «*«'I'M'- ^ monthly that comet even/
tMlk,"-f The Advance," Chicago.
••/( qfford- Ihe dMl, the cheuvett and most
conrenlen
maaiu .•/ keeplna'—
ab easi uHtA the pi ogret of Ihouaht
(n aU lUphusit
PillKjeii hia " Nonh AuierUau "
" If'fJA il alone a reader may falrlt) keep up icith all
that Oi tmport'int in the literature, hvitoru, pontics
and science of t/te day. "~**'liie MeitioAisl,*' Sew Yoik
•/( Is Iniltfp-tisable to erery ine who desire* a

thorough cotnpendium of

all that is admirable and
noteicorthy in the literary world. — ''Busion ^oet
•• Ought to (jnrt a place in
every American Home,"—

Hew York

'•

Tunes."

PiJBUBuxD
or for»10 50

Wanxr at tS

00 a year, ftte of poMant;
ri(A«r otw o» the

Tub Living Aoi and

American

tl monthlies (or Harper's Weekly or BaMar)
will be sent for a year, JioiA postpaid: or, for
ft 90,

THa LiviKo Aas and

Co.,

NEW

125 PEARL STREET,

YORK,

AND

44 Broad

Street,

D.

&

Bennet

L.

22

GENERAL

conmissioN merchants,

for the Durcbase or sale of Contracts for

Future

Delivery.

W.

K.

L. F. Berje,
COTTON BITYEB AND COMMISSION MERCHANT

COTTON FACTORS * COMMISSION MERCHANTS

5c

H. Farley,

J.

COMMISSION

117 Pearl

AND

132 Pearl

O Box

New

be sent gratis
the itz numbers of HIT rontalnlng the flret Instalments
of a new serial. "bKICA," translated from the German of Frau voB logersleben— the bsst work of one
of the best and imgnteit authors of Germany. A
new story by tha charming English snthoress, MISS
THAIKEUAY, also appears In the same numbers,
from advance sheets, with other valmblo matter.

AddieM

IiITTKI.1.

IS'.S

CONTRACTS FOU FITCKE DELIVEKY" OF

York.

New Y ork.

J.

C

& Co

Johnson

,

Walter

&

Krohn

COTTON BROKERS,

BEAVER STREET, NE\F YORK

53

Geo. Copeland,
COTTON BROKER,
136

PEARL STREET, NEVT

Y^ORK.

COTTON.

Pirn, ForwoodSc Co.,
WENERAL COMMISSION MERCHANTS,
New

O. BOX 4964,
Nenr York.
Contracts In New York

BOX 613,
Orleans, l.a.

P.

Execute orders for Future
nd Liverpool, and make advances on Cotton and
ther produce consigned to

LEECH, HARRISON & FOR\irOOD,
LIVEKPOOL.

H. Tileston

Co.,

6c

COTTON BDYKKS A COMMISSION MEKCIIANTS
60 Stone Street, New York.
i^i'pr. In Kntnres executed at N. Y Cotton Exchange
.

Waldron
(Successors to

&

Tai titer,

NOUBSE A BROOKS),

GENEKAL COTTON MERCHANTS
97 PEARL STREEP, NEW YORK.
Future orders promptly executed.

Also, execute orders for Merchandise In

E. O. Richards,

EnKland, China, India and Singapore.
UNDSR WRITERS IK NEW ORLEANS
for the

Foreign Marine Insarance
British
Gonapany of Liverpool.
Sc

(Successor to A. L.

RICHARDS)

Shipping and Commlaslon Mei-chant,
No. 39 BROAD STREET, NEW YORK.

Knoop, Hanemann & Co D. W. Lamkin
COMMISSION MERCHANTS,
S3

Hocsn

McAlister

Co.,

YICKSBVRO, MISS.
Orders to purchase Cotton in our market ssllotted
Refer to Messrs. NORTON, SLAUGHTER A CO.

n

&

&

Cotton Factors,

SZOBANOB PLACX, SEW TORE.

will

* GAY, BMton.

Co.,

COTTON BUYERS FOB MAXUKACTURERS,'
rWEtlPHIW. T»NN.

Advances made on Consignments.
••

New

Street,

No. 134 Pearl Street,

York.

Special personal attention to the purchase and sale
of

&

COTTON FACTORS A COMMISSION MERCHANTS

Street,

.3,909.

York.

Hepkins, Dwight&Co.,

MERCHANTS,

FINANCIAL, AGENTS,
P.

New

Dennis Perkins

cotton factors,

DE JERSEY * CO.

for

WILLIAM STREET, NEW TOEK.

Future Contracts for Cotton bought and sold on
In New Y"ork and Llverponl.

Co.,

1878. .iE]

new subscribers

1

COTTON BROKERS,

^"EXTIIA OFFER FOB
all

KAOACLAT.

Commission

No. 43 Broad Street,

Manchester and Uyerpool,

To

Vork.

A. J.

Macaulay & Co.,
COMMISSION MERCHANTS,

Boaton.

Liberal advances made on consignments. Prompt
personal attention paid to the execution of orders for
ihe purchase or sale of contracts for future delivery.

or Appleton't

Journal.

Nrw

,

MskoUu

the St,

Street,

MAOAU'-AY.

J. L.

N E \r ORLEANS LA.;
COTTON
GommssioN merchants. Kobt. L. Maitland & Co.,

P. 0.

ABI^BST LIVING \rRITERS.

Co.,

COTTON FACTORS A COMMISSION MEKCUANf

Future ConAdvances made on Consignments
Cotton bought and sold on Commission, In
Y'ork and Liverpool.

giving

more than

&

Sawyer, Wallace

Special attention given to the execution of orders

m the world

aiul

qOTflNOrKR

Nt>VEI.lSTS,

Unapproached by any other Periodical

•*

Exchange on the CITY BANK, LONDON,
ft CO.. PARIS.

ot

121 Pearl Street, Nenr York.

and an amount

Taa LiTiHa Aea

attentloi
paid to purchases or sales of " Cotton Fntaras.
Bill

tracts for

ana Short stories by

Berlal

made en ConstgameBta. Speeia

New

Its irfi'.h

During the year

TOlune.

Co.,

JEMISON),

Id the pages or

Littell's Living Age.

Advaiicef

47 Broad

&

GENERAL COMMISSION MERCHANTS,
No. 123 Pearl Street, New York.

Turuuenlri,

story,

bach, nunkln,

Liverpool.

BANKERS, COTTON FACTORS

llvln-j;

W. B. Carpenter, K.A.

New Vork and

jemison

E. S.

authors, tuch aa
Rt. Hon. W. K. Gladatone, Prof Idax mailer, Prot. 'ryndall, Dr.

LONDON A»D GLASGOW.

nieaara.

PnMi cations
The moat

CO.,

Sc

Also execute orders for Merchandise through

"CS EVERY

WALL STREET'

No. S8

Vork.

Advances made on Conslgnirents to

Meaara. JAITIRS FIIS'LAV

Peet,

BANKERS AND COMMISSION MERCHANTU

Wheless,

COTTON

oommssioN mbrohant
NASHVILLE, TENKB88EE.
Special attention given to SpUuien' orden, Corre
spondence solicited.
UarKKX.Ncxs.— Third and Fourth NaUoDtl Bank
and Proprl3lon ot Taa CuoauiLa

New

Y'ork.

H.
315

J.

Baker

PEARL STREET,

&

Bro.,

NEW YORK

IMPORTERS AND MANUFACTURERS OF
Prime Qnallty CbemlesU manure
Chemicals for the Vlllo formulas, for »U Crops
Chemicals for the Slockl>rldge formulas. _ „ ^ ^
DiMOlved Bone-Sulphate An.inoBla,NltraMPot»sA
Nitrate Soda, Sulphate of Potash, Muriate of Poush
Super-phosphaI« Um»
So per cent actual Potaah.
_.
Also, strictly pure ground Bone.
. _

_

Our descrtptlveclrculars mailed free. The
(•r special f ertuixen for particular crops.

maMrta

THE CHRONICLE.

viii

[Vol. XXVI.

Cotton.

Insurance.

&

Woodward

Cotton.

Stillman,

LIVERPOOL &

&

No8. 74

76 ^VaU Street,

NEW

LONDON & GLOBE

F.Wenman & Co

Tames

COTTON BHOKEES,
No. 146 Pearl Street, near Wall, N.

SEAMEN'S BAIfK BUILDrffG,

Established (In Tontine BulWlng)

YOBK.

IT

1841.

Edward H.Skinker& Co.

GENERAL COMMISSION MERCHANTS
liOJiIVS ]tIAJ>E ON ACCEPTABLE

COMMISSION AND COTTON MERCHANTS,

97 Pearl

New

Street,

¥ork.

SECURIXr.
Liberal advances

Miscellaneous.

made on CoDBlgnmente.

Special attention paid to the execution of orders for

mANCIIESXER

the purchase or sale of contracts for future delivery

Insurance Company.

of cotton.

W.

C. Watts

&

MANUFACTURERS OF
LocomotlTes, Stationary Steaan En*

31 Bro^vn's BulIAlnsa,

toUclt consignments of

COTTON

and Tools,
MANCHESTER, N. H.
RLOOB, \r, G. IVBANS,
gines,

LIVERPOOI.,

Capital Paid Up, $1,228,200

Works,

Locomotive

Co.,

ARETAS

and orders f or tne

Superintendent _ _
Mancheater. N. H.

Treasurer,
40

Water

stieet.

Bostov

purchase or sale of futore shipments or deltrerle^

Advances made on conalgnments, and all lnf«nnatloi
afforded by our friends, Messrs. D.

$7,963,115 20

Fire Assets

Stone street.

New

2,841,420 33

Surplus

Henry Lawrence & Sons,
MANUFACTUSEKS OF

Co., 51

GIVKN

York, and Messrs. D. A,

S JN, 64 Baronne Street.

Total Liabilities

WATTS &

<t

CORDAGE,

New Orleans.

&

Ware, Murphy

Co., FOR EXPORT AND DOmESTIC IT8E
GANGS OF RIGGING

$5,122,024 87

Cotton Factors

19J

HOME

"

GENERAL COMMISSION MERCHANTfc
COTTON EXCHANGE BUILDING,

NEW YORK.
statement, January 1, 1878.

or sale of

delivery of cotton.

made on

cod*

Blgnments.

Assets

$3,959,901 GO
2,191,769 49

LiabllitisB

BLOSS & INCHES,
COTTON FACTORS

142 Pearl Street, Ne-w York.

$2,713,059 32

Total expenditure of 1877..

Surplus Incopie of 1877.

..

1,603,916 79

$1,109,142 53

R. M. Waters

NEW YORK

4S

OFFICE,

Street.

TV'illiam

In a position to do a large bulness in shipment direct
to Europe
Address K. O., care B. WHEELER, 4 i'ftU
Mall, Mancbester.

and university,

B.

MINTUEN,

Chairman,

In the best

pirtof the most ioyely

Arbor, Mich.

Rope
STEEL AND CHARCOAL
IRON of superior quality
suitable for MINING AND
HOISTING PURPOSES. In-

ALEXANDER HAMILTON,
H.

66-acrc farm, near the schoote

and healthy city in America. It has large orchards
an extensive out-buUdJnge, is surrounded by elegant
homes and geuial eoclety. Was valued at $40,000
before the panic; now $2.",0C0, on easy terms, will
buy It. All la In prime condlUon. Cut this out for
reference, and write ISRAEL HALL, trustee, Ann

ANSON PHELPS STOKES,

CHARLES

DESIRABLE

1

Chairman,

WM. F. CAREY, Jr., Deputy

SOIiD.— A
and

MARSHALL.

BROADWAY.

;

SHOWING THE

Condition of tlie Company on the first
day of January, 1878.
CASH CAPITAL
$3,000,000 00
Reserve for Re- InEurance
1,836,432 31
Reserve for Unpaid Losses ana
Dividends

NetSurplus

Cash In Banks
Bonds and Mortgages,
real estate (worth

256.391 42
1,016,703 02
$0,109,526 75

ASSETS.
»161,T27 B«

Ijclng first lien

on
2,016.803 00
8,016,875 00
251,190 00

}i4,293,ij(»)

United States stocks (market value)
Bank Stocks (market value)
State and City Bonds (market value)
Loans on Stocks, payable on demand
(market value of SecurlUos, t42r,098)...
Interest due on 1 st of January, lrf78
Balance In hands of Agents
Real estate
Premiums due and uncoHected on Policies

124,E:j8

00

SU,S15

«

6fi,312 39
135,204 IS
12,600 00

1,871 80

Issued at this office

16,109,526 13

Total

CHAS.
J.

H.

inANrHESTER, ENG-

A
I!V
-^*-LAND, who have a large connection amongst
Sntnnern for the sale of Cotton, are desirous to extend tht'Ir business to all the Inland centres, and wish
to enter Into correspondence with houses in the cotton
ti'Hde who V III exrhange flrs^clas8 references and are

residence

ROBERT

Co.,

Investment Securities bought and Bold. Orders exe
cuted at the Cotton KxchanKea In New York and Liver
pool. All Business transacted Steiotlt on Commib
BioN, so that no increBt of oar own can possibly
conflict with that of our patrons.

lyUST BE

DIREOTOIIS:

&

56 BROAB ST., NEIF ITORK.
BANKERS & COTTON COMMISSION MEKCHANTK

GENTS

136

SUMMARY OF

GENERAL COMMISSION MERCHANTS
Total Income of 1877

OFFICE, No.

TOTAL ASSETS

AHD

Surplus overall Liabilities.$l, 768,131 61

OF NETT TORK,
Forty-Ninth Semi-Annual Statement,

contracts for future

Liberal advances

Company

Insurance

he esecnllon of ordere

Special attention paid to
for the purchase

TO ORDKB.

M.».DE

FRONT STREET, NEW TOEK.

AND

UNITED STATES BRANCH,

JUTE & TARRED

niANIIiA, SISAL,

J.

MARTIN,

WASHBURN,

President.
Secretary.

^TNA
Insurance Company
OF HARTFORD.

INCORPORATED

IN 1819.

1877
87,115,684 «E
13,000,000 00
Rc-iusurancefund. ... 1,741,873 42
other
Unpaid losses
429,114 82— 5,170,388 24
claims

Total Assets, January
Capital

1,

&

NET bUR^LUS, Jan. I, 1877.. $1,945, 236 18
BRANCH OFFICE:
No. 173 Broailway, New York.
JAS. A. AI.EXANI1ER, Agent.

Live7^pool <5"

London

c3"

Globe

clined Planes, Transmlsalon

Also Oalof Power. &c.
ivan'zed Charcoal and BB for
Suspension
Bridges, Derrick Guys.Ferry
Kopes, &c.
A large stocK
constantly on hand from
which any desiri^d length

Instirance Company,

Chips' UlEginfT,

jr.

K.

PULSFORD,
Resident Maiiager.

ARTHUR

PELL,
CHARLES BE WALL,

are cut.

IRON HOPES for Jllnlng
purposes manufactured to
i

Assistant

i

Managers.

JOHN

4-5

William

AaT STEEL AND

M.

E.

St^

PrLSFORD,

order.

MA!«ON &

CO.

43 Bvoa<l«vay, Ncur York.

Kesident Managee.