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mnitrtJ*
AND
HUNTS
MERCHANTS’
%
REPRESENTING
THE
MAGAZINE,
U if w 0 flap e #,
INDUSTRIAL AND
COMMERCIAL
INTERESTS
OP
THE
UNITED
STATES.
[Entered, according to act of Congress, in the year 1880, hy Wm. B. Dana & Co., in the office of the Librarian of Congress, Washington, D. C.]
VOL. 30.
SATURDAY, FEBRUARY 21, 1880.
Contents.
THE
suitable for
CHRONICLE.
Savings Bank Investments.... 177
The New
Western Real Estate Loans....
Railroad Care of Employees...
Time and Cost as an Element
of Public Structures.
Italian Politics—The Grist Tax
and the Royal Prerogative ..
The Government and Old Rail¬
road Land Grants
*...
Commerce of New York and of
the United States
182
Latest Monetary and Commer¬
cial English News
182
Commercial and Miscellaneous
News
184
THE
178
179
180
181
Money Market, U. S. Securi¬
ties, Railway Stocks, Foreign
Exchange, New York City
Banks, etc
185
THE
182
N. Y. Local Securities.
189
Investments, and State, City
and
Corporation Finances... 190
and
198
Financial Chronicle is issued every
day morning, with the latest
news up to
Satur¬
midnight of Friday.
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SAVINGS BANK INVESTMENTS.
A
bill has made its appearance
in the State Senate
requiring the savings banks to invest one-half of their
deposits in Government bonds. This bill was introduced
by request,” and neither the motive nor name of the party
making the request has been stated. In connection with
this proposal it is of interest to remember the present statu¬
tory regulation of investments, for only in this way can we
“
correctly determine whether the lines need any tighter
drawing.
Investments may now he made only in governments; in
securities of this State; in securities of any State which
has not for ten years previous defaulted on any debt
authorized by any of its legislatures; in municipal bonds
issued under laws of this State; in any interest-bearing
obligation of the city or town where the bank is located;
in real estate necessary for actual use, the building to be
mortgage.
This mortgage limitation is an entirely proper one to
have in the law, for the obvious reason that savings banks
keep a considerable portion of their funds in con¬
vertible shape ready for sudden demands, and that mort¬
gages are about the hardest form of investment to convert,
in haste.
Accordingly, it has long been understood that a
sign of good savings hank management—the very best
sign—is a large proportion of assets in governments; and
we have noted with
satisfaction, at each successive report
of condition during the last few years, that thel)anks have
been free takers of refunding bonds, and that the propor.
tion of governments in their assets has been
increasing,
while that of mortgages has been diminishing.
Not to go
further back, these proportions were ‘ 30 per cent of
governments and 27 of mortgages in 1878, against 24 of
governments and 31 of mortgages at the end of 1877.
Such are the conditions upon which is to he en¬
grafted the present proposal compelling the hanks to
buy at a considerable premium some 50 millions of
governments merely that their present proportion of
one-third may be raised to one-half.
What reason is there
for not believing that their holdings are ample ? Cer¬
tainly the existing limitation of dividends to 5 per cent
makes impossible a renewal of the old temptation to neglect
governments for investments of higher yield.
If any
minimum proportion of governments should be fixed it
might better be one-third ot one-fourth, thereby applying
to such banks, if any, as are now under that rule.
But is not such a provision of law rather objectionable as
a precedent ? Would it not
carry the necessary reduction of
must
TIMES.
194 | Dry Goods
199
194 I Imports, Beceipts and Exports 200
*£)xc Citron id c.
The Commercial
yielding revenue, and its cost not to exceed
one-half the surplus; in real estate taken on foreclosure;
in first mortgages within the State
up to 50 per cent on
improved property and 40 per cent on unimproved. Here
is no attempt to
determine the proportion of any of these
classes of investments, the only limitation imposed being a
negative one—that not more than 60 per cent of deposits
shall be put out on
GAZETTE.
Quotations of Stocks and Bonds 188
COMMERCIAL
Commercial Epitome.
Cotton
Breadstufts
Funding Bill
181
BANKERS’
NO. 765.
'2
dividends too far ? Would it not be rather
an
unwarrantable
interference, and its natural effect upon management be
hurtful ? To get as trustees the clearest-headed and morally
soundest business men, and to interest them in their position,
is certainly a great point; but such men would not like to
be treated as automata. As they are already restricted to
certain classes of investment, the proportions of one and
another class may better he left to them to judge; if less
scope than at present is allowed for their discretion they
may not see how it is worth while to take the trouble of
serving at all. There may be danger of pushing restric¬
tive and corrective reforms so unduly that the class of men
most necessary to successful savings bank administration
THE
178
will conceive
CHRONICLE.
[Vol. XXX.
personal disgust for it. Indeed, the sav¬ real value of the property. On the other hand, the official
ings bank law and system are already doing so well that figures are also arbitrary, because, as admitted by those
a
let alone a while—at least so long as who made them, they are “ wholly matters of opinion.”
crying need of reform, and political So are all valuations always, but in these, says the Su¬
demands and subservience can force the renomination to perintendent’s letter, “ no account was taken of that
the office of Insurance Superintendent of, the man who
business tide which is now rapidly rising over the pro“
has made State supervision a byword and a public
ducing sections of the country where your property is
shame.
“located and which promises to be as extreme in its
“
height as it has been in its depression.”
This clearly is the vital point in the whole matter.
WESTERN REAL ESTATE LOANS.
The recently published report of the results of an Turning to the report of a special commission of inquiry
instituted by the Connecticut legislature, two years
official examination of the real estate loans of the Con¬
necticut Mutual Life has special interest at this time, ago, we 'find that, up to that time, on all property
obtained by foreclosure and actually sold, the Phoenix
both as concerns life insurance and as bearing upon the
had lost $6,000, and the ./Etna and Connecticut Mutual
character of Western land investments in general.
In had made
$3,757 and $5,391; up to this year, the
each of these respects the interest is the greater from
net profit on sales by the last-named was
$30,239. In
the fact that for several months past this company has
other words, as to all the loans finally cleared from the
been made the target for a great deal of not clearly dis¬
books by sale up to that time, the company was then
interested criticism, based upon the alleged weakness of
its mortgage loans. Doubts of its solvency, under the $30,239 richer than it would have been had the loans
never come in
default; so far, then, the transactions
alleged losses in that direction, although freely sug¬
gested, obtained no foothold worth considering; but the justify themselves and afford presumptive evidence of
company’s officers, in their own time and way, have made approval as regards the rest.
The Superintendent admits that the loans were origin¬
an effective answer to these assaults.
Under Connecticut law, requiring a triennial examina¬ ally made in good judgment, but adds that changed con¬
ditions have materially affected values in some localities;
tion of all companies, the State Insurance Superin¬
for example, the Chicago fire
impaired some loans in
tendent, in the Summer of last year, began a personal
that city, and railroad competition has depressed
levee
investigation, the results of which, as respects this
property
in
St.
Louis,
which
was
once
gilt-edged; again,
class of loans in
question, he has now reported.
death or misfortune, shattering large personal fortunes,
All that had
paid interest uninterruptedly were
has compelled the company to take
possession of several
properly assumed to be unquestionable, and were
large and unwieldly estates.; “Such cases”—says the
not subjected to special inquiry.
Property against which
foreclosure proceedings were pending was classed with Superintendent reasonably—“ establish the wisdom of
the rule that real estate should never be
accepted as
real estate already absolutely in the company’s posses¬
security for a loan without fully considering its value
sion.
This property, situated almost exclusively in
and desirability as an absolute investment.”
He does
Detroit, Toledo, Milwaukee, Chicago, Indianapolis, and
not assume, however, to dictate what course shall be
St. Lcuis—586 pieces in number—was visited and ex¬
amined by the Superintendent, and by the Michigan pursued, because he finds that the company “ has an
undeniable surplus of millions of dollars of assets over
-Superintendent also, assisted by local appraisers and “
its liabilities,” and therefore he has no official
duty to
experts. The result, Dec. 31, 1879, is summed up thus:
But
perform.
he
raises
the
question—and answers it
Value of property actually owUed by company
$11,089,472
Value of that in proce&s of foreclosure
2,183,471 negatively by the manner of putting it—whether to sell
this property for cash to-day, at the company's own valua¬
Total
$13,272,943
Estimated value by the official examination
11,764,027
tion^ would be justifiable. “ In what securities,” he asks,
The conclusion thus is that the official examiners
could you invest the money where it would be so abso“
arrive at a value $3,508,916 below that of the company.
lutely safe and be so certainly and indefinitely
“
increased
in value at that distant day, perhaps a genTaking the extreme view, and assuming that this differ¬
“
ence must inevitably be
eration hence, when it will be needed ?”
charged to loss account, it would
•cut off only 41 per cent of the
To this the President of the company adds a statement
company’s present surplus,
estimating the latter by the Massachusetts and Connecti¬ of the position, substantially this : The intrinsic value of
cut standard, or only 24 per cent
estimating surplus by the property, originally worth double the loan, has
the standard of this State.
But the question arises actually increased and was never so great as now; the
whether this is the proper and necessary course—or elements of value—to wit, of productiveness—are
grow¬
whether, from the facts of the case it is not fairer to ing, and prices mast respond to them whenever a market
assume that a very much better result will be realized.
exists; to clear off these loans forcibly new “ would be
“
To answer this we must note, first, that both these
in effect selling on a dead market property, which need
“
not be sold until there is a good market, and at a notoconflicting valuations are in a peculiar sense arbitrary.
“
The company, having obtained by foreclosure all the
riously low price, when in a good market it would
“
real estate now in its possession (except the home
office,
confessedly bring a much higher and sufficient price.”
which was built purposely and need not be considered at Twelve per cent appreciation would
wipe out the one
and
a
half
millions of difference in the valuations, and
all), measures its value by what it “ stands” the com¬
pany—the original loan, plus expenses, interest and this appreciation has already taken place since the
taxes.
So much has never been
questioned, and the official estimates were made.
great oatcry over the matter has, therefore, taken the
How we do not see how any controversy can reason¬
shape of this proposition: that this conversion of loans ably arise abont this position; for, although it is true
into assets was a matter of
necessity, arbitrary and dan- that, as far as present foresight can go, some pieces now
gerons. It is arbitrary, as just admitted, because of the below their cost must be sold at a loss, this will be more
elements constituting it,
only the face of the original than offset by gain on others* There is no market price
loan can be ^regarded as
having a very close relation to when nobody j?ill buy, and on a declining market every-
they
may wisely be
insurance law is in
“
“
“
“
“
‘
“
February
21, 1880.]
179
THE CHRONICLE.
body thinks he may buy at a lower figure by waiting
But to say that what will not induce a bid to-day is
therefore valueless, or that the forced prices of a lifeless
auction indicate real values, would be absurd. As well
say that there is no value in furs because there are no
retail buyers for them in June.
The effect upon the company of this present tying-up
is not disastrous.
This can be easily shown. The 11
millions of real estate owned, cost value, are 22*73 per
cent of the company’s present assets.
This is much
above the average and, as will be admitted by every¬
body, is not desirable; but it in nowise affects the com¬
pany’s operations now or its ability, when they arise, to
meet demands upon it hereafter.
To be able to-day,
with cash in possession, to pay the liabilities of next
year, is a test of solvency that i3 nowhere applied in
commerce, and cannot be reasonably applied to life in¬
surance, which, of all interests in the world, is secure
against any considerable deviation from a regular and
uniform maturity of demands. Even if we make the
Western railroad official who appears to
be a superintendent graduated from the ranks of train
meD, the object of which is to call the attention of East-'
Mr. Adams
ern
by
a
stockholders of Western roads to the subject
of
advancing the personal welfare of their employees of
the laboring class, particularly of those occupied in
train service. The letter deserves attention, not only
because it bears internal evidence of coming from a maa
who has the rare combination of clear-headedness with
practical philanthropy, but because the object he urge®;
is important, and we refer to it in this way in order to
aid his appeal.
The plea he makes, however, is not the ordinary
one for charity,
but for help towards self-help, and
every word in it is practical, nothing being urged
vaguely and generally. The writer argues that there
business where interests of employer and
is no
employee are less
identified than in management of
railroads, although there is none where there
ought to be so much identification ; that the work, par¬
ticularly that of train-service, is peculiarly wearing, and
Western
supposition that the company’s
men ought to have every opportunity given them for
mortgage loans were all foreclosed and the property
covered were in absolute possession, the resulting per¬ keeping sound ; that action to such end is taken to some
extent where roads are under direct control of their
centage of real estate in assets—68*26—would not be
owners, but that in the West (where absentee owner¬
proof either of present insolvency or of incipient decay,
ship is largely the fact) this is not so ; that, in order to
provided the property itself were fairly productive. meet
Granger elements and influences, “ the moral sup¬
That the property actually acquired—22*73 of present
assets—is productive fdllows from the fact that the port and political help of our men in all contests against
corporations” is wanted, but cannot be had by merely
average interest rate realized, in 1879, upon assets was
extreme
and preposterous
paying wages.
Accordingly, appealing “to Boston owners of rail¬
This absolutely disposes of the case, as far as the
roads in the West,” the writer urges some “considera¬
present is concerned, for if the property were cleared off tion of the welfare of the men beyond their working
to-day at cost and re-invested, it could do no more than
hours a? d outside of their duties for which they are
yield interest, and this it does already. Grant that some
The only specific plan which he mentions is one
of it is unproductive and that some is permanently paid.”
for assisting employees in securing homes.
Place aside
under the level of cost; all this is covered by the fact of
a fund for this purpose, loans from it to be made to men
a larger average productiveness of the bulk of assets
who have performed three years’ meritorious service, in
than could be had were they all invested in any govern¬
sums of not over $1,000, for not over five years’ time,
ment bond.
As to the outcome of the matter the com¬
at 4 per cent.
The borrower must have saved one-third
pany is a strong holder and can wait for a market ; it is
scarcely more likely to come under compulsion to realize £he cost of the homestead, so that the loan, secured by
first mortgage, shall not exceed two-thirds the actual
than the State of Connecticut is to have to sell its public
cost.
It should be granted solely as a reward for past
buildings to meet current expenses.
The foregoing, while important as relating to this service, no condition of future service to be made or
particular company, has broader applications. It sug¬ implied. A fund of $100,000 would in ten years enable
300 or more men to secure homes, the principal being
gests caution in assuming insolvency in case of life
insurance and other strong corporations, by reason of put out again to a second batch of men as fast as repaid
in instalments by the first.
To the men, this plan would
conflicting estimates of real estate values during fluc¬
tuating periods, and a reasonable rule for judging such give the advantages of a loan at lower rates and on a
smaller margin than they could obtain elsewhere; to the
values; on the other hand, it stands counter to the
assumption of sweeping and permanent fall in Western railroad, considered as a use of money simply, it would in
most cases be no loss but an actual gain, for it would be
lands, and is one of the proofs of encouraging general
transferring $100,000 from call loans at two or three per
progress. Unfortunately it does not apply to defaulted
cent to a “special employee loan” fund at four per cent.
municipal loans, except indirectly by showing that there
The writer adds that, in a small way and to retain men
is an increased and increasing ability to pay; it leaves
he desired to keep, he has made such loans from his own
untouched, except by very general implication, the point
resources during several years past, and has now $10,000
of willingness. Nor does it clear up the future for pri¬
vate holders of Western mortgages in default, unless out, the only regret he has had occasion to feel being
their ability to hold is sufficient for the particular case. that he has not been able to lend thus to a hundred men
But it is gratifying and timely by setting at rest all instead of to thirteen.
The advantages derivable from some plan of this sort
reasonable doubts about the company concerned by
are mutual and substantial.
Unquestionably, it is not
adding another proof of recovery in progress, and by
reminding us all of the useful but easily-forgotten truth possible to make employees mere machines, and in the
that financial disturbances cannot alter financial laws, degree that they are such, by their own fault or other¬
wise, their efficiency lessens. Some care of them—not
however their operation may seem to be suspended.
merely in the helping form of hospitals and distress
RAILROAD CAR Hi OF EMPLOYEES.
funds* but of reading rooms and plans of encouragement
The Ration of this week contains a brief note from to self-help—is the dictate of the most enlightened selfMr. C. F. Adams, Jr., forwarding a letter addressed to interest. A little more attention, says the letter under
6 86.
4
180
THE CHRONICLE.
[VOL. XXX.
consideration, “would foster and encourage a high esprit get elected to office; but after
contemplating them until
breed a strong attachment to the line the moral has duly impressed
him, he finds six elevators to
would remove the possibility of strikes raise him up the hill, thus
being reminded how helpful and
and riots, and would lead to the
securing of a better productive office is after you once get into it. He need not
grade of men.” It is not in human nature that men will go out, either to meet members of the Third
House or to1
de corps, would
and its owners,
for the road unless convinced that the road
for them. But is there
any doubt that the
care
cares
clear cobweb from his overworked
throat, for a series of
employees of dining-halls are provided. Baths in the Roman style, feasts
any railroad, if the motive were supplied, could and a la
Lucullus, and an arena, such as the athletic Commodus
would effect a considerable annual
saving in the aggre" loved, are yet wanting, but there is time enough to
supply
gate of trifling leaks and waste stopped ? The sugges¬ them before the
“pile ” is pronounced “done.” The pres¬
tion of strikes carries its own comment.
ent cost of
heating and maintenance is “ only ” a quarter
The subject is so practical and
timely that we com¬ million a year, and, obviously, the larger this is the more
mend it to the consideration of all railroads.
households can be comfortably provided
for, in progress
towards the patriot’s millennium when
everybody shall be
supported at the public expense, when the horse shall ride
TIME AND COST AS AN ELEMENT OF
PUB¬ in the
carriage and the whole be more than the parts.
LIC STRUCTURES.
We have it also—no, we are
having it—here, in the
Not many days ago an
Albany dispatch reported that bridge, the
bridge,
for
there
can
be but one. It began
a rumor was
causing “ much talk and some uneasiness thirteen
years ago; it was to be 200 feet high, and to Cost
among legislators ” that a fissure had been discovered in three
millions, then four. In 1867 it was to cost seven
the ceiling of the
Assembly Chamber, which fissure “ con¬ millions ; in 1872 the
height was reduced from 200 feet to
tinued to increase to such a
degree that 60 tons of stone 135, and the cost, in
compensation for this, was raised to
was placed on the roof to
prevent further separation.” 9\ millions. Next
year, the estimate, which always kept
There was nothing
surprising in this dispatch, except its well above the
bridge towers, shot up to 13 millions. In
omission of the name of the Government
supervising 1875, when about five millions had been
architect who conceived the brilliant device of
expended, the
sticking “
together the separating parts of a roof by a new
mucilage,
60 tons of stone.
A dispatch of the
following day, how¬
ever, denied the rumor flatly, and announced the
discovery
that the Capitol walls rest in a foundation
of concrete,
eight feet thick, so that no settling can occur. The poli¬
ticians may, therefore, for a time at
least, breathe more
freely and resume their present occupation of discovering
which of two parties without a
policy shall overreach the
other in the strife for the next
four-years’ occupation of the
public offices.
consolidating ” act ended the
thin pretense of individual
ownership and authorized a maximum of eight millions,
completing,” but for the completed structure. A
year ago, over ten millions had been
expended, the courts,
having broken down the legislative restriction ; since then
we have not followed the
matter closely, but the
bridge is
not yet more than half
way through the difficult conjuga¬
not for “
tion of “to build” and “to
It will require “ about ” ten
complete” above mentioned.
or twenty more millions to
get through. More specifically—for the builders know
their business—the
bridge, we do not hesitate to say, will be
One can hardly help,
however, treating the report as il done ” whenever no more
money can be procured for it.
true, or, at least, thinking that it ought to be
The fitness of things is
true, in
exemplified by the unquestion¬
accordance with the fitness of
things—that is, the cor¬ able fact that the 65 feet taken from the
height are seriously
respondence of the rumor with the general character of missed and
that the structure will be some
injury to com¬
Official work. Connecticut’s new
Capitol has actually merce—how much, hardly any two witnesses
agree.
This
been settling to and into the
ground, having been con¬ fitness has two further
examples at hand. One is that, as
structed on
surfacing and veneering rules all through. is now
reluctantly admitted, the contractor for
In this State architects and contractors
have
ness than their
wire—whose
more
shrewd¬
too-thrifty New England brethren. They
keep in mind the physician who knew better than to let
his wealthy and liberal
patient pass beyond his jurisdic¬
tion by dying.
Obviously it is short-sighted policy^for
public builders to let public buildings fall to pieces before
they are finished, for the finishing is a process which is
bold
forgeries
not yet quite forgotten—made
attempts
to put in wire which had been once
rejected and that some
dishonest wire map be in the cables. The other
are
example
by the very recent resignation of a trustee
who became disgusted
by the first meeting he attended.
At this meeting, a
resolution, which he did not approve,
was
passed, raising salaries of two engineers, subordinates,
comfortable for the finishers and
may be protracted in¬ and he found that the increase had
already been paid for
definitely. The progress of the Albany Capitol illustrates several months to
one,
while the other had refused to
this.
It was begun some dozen
years ago, “ in the Italian receive it in
anticipation; also that pay-rolls lacked signa¬
renaissance style,” and was to cost four millions
only; but tures, etc. All this convinced this new trustee that to
the money was done a
little—only a little—sooner than exercise any decent supervision would
require more time
the building, and so successive
grants were made, first “ to than he could spare, and he surrendered his
appointment.
finish,” and afterwards “ appropriated towards the erec¬
Thus we see that in this
superabundant
country of ouis
tion.” The four millions have more than
doubled and yet public revenue
gushes
so freely that it is not hard to
forth
the great pile is still “
being completed.” The grammar regard it as costing
nothing—as a gratuity of Nature
of public architecture
conjugates somewhat in this fashion: rained from the skies. The
Capitol and the bridge may
to build, to be
building, to be being built; to complete, to both be safe; but would it be an
unjustifiable extravagance
be completing, to be
being completed.
of irony to
suggest
that,
inasmuch
as the cost of these
The Capitol is a generous three-acre
building, worthy of structures is bigger and stronger than they, we would do a
a
people who have land enough to give all the world a clever
thing if we were to leave them for monuments as
farm. It is as big as the two
permanent Centennial build¬
they now stand ? Then the bridge and the Capitol might
ings, although those two—disgraceful as the fact
both
be utilized for
is—only
sight-seeing and allowed to remain for
cost
$1,800,000. The legislator who approaches the time to
“complete.” While the one is crumbling and the
Capitol finds a stone terrace of granite steps 62 feet
high other is dropping, the lesson might be made cheap at the
before him, emblematic of the up-hill work
necessary to price.
is furnished
February 21,
THE CHRONICLE.
1880.]
\—• -
■■■■
-
ITALIAN POLITICS—THE
■
■
—
GRIST
--
TAX
..
AND
THE ROYAL PREROGATIVE,
Italian affairs have
.
181
~
=3*
therefore, that it would certainly have been better for
the obstructionists if they had followed the British
example.
during late months been rapidly
Meanwhile it is safe to assume that the obnoxious tax
reaching a crisis. The unification of Italy, desirable as is doomed; and both
Signor Cairoli and King Humbert
it was, has not proved an unmixed good. It necessitated
are to be
congratulated for their effective interference
changes which successively impoverished two of the in the interests of
progress and reform. If reports are
greatest cities in the peninsula, Turin and Florence, and to be
fully relied upon, it has come none too soon, for it
was
followed by -the maintenance of a large and
is said that the poorer classes in town and
country are
crushingly expensive standing army and in attempts suffering to such an extent from lack of bread that a
to rival England in the construction of
mighty iron¬ loathsome disease, destructive
equally of mind and body,
clads.
is filling the hospitals and asylums.
This repeal must
Thus, while Italy’s resources were crippled, the gov¬ afford some
relief; but how long will it be before the
ernment became involved in
heavy expenses which were nations of
Europe see that the existing discontent can
only to be met by the imposition of heavy taxes. Among never be
fully removed except through a reduction of
these, what is called the Grist tax has proved the most their immense
standing armies.
burdensome. It is a tax which is imposed upon every¬
thing which is ground in a mill—its incidence, of course, THE GOVERNMENT AND OLD RAILROAD
being most serious on corn, wheat, or other cereal. From
LAND GRANTS.
this tax alone, the government raises
annually a sum of
The Acting Commissioner of the General Land Office ha*
$15,000,000. The necessaries of life are much cheaper in
transmitted to the Senate a report concerning land grant
Italy than they are in the United States or in England; just
to railroad companies which have not
yet fulfilled the condi¬
but the wages are extremely low. It is not
wonderful, tions attached thereto.* It seems that sixteen
grants remain,
therefore, that such a tax should be especially obnoxious the full particulars with regard to which are given in the
to the people, and that the
agitation against it should World newspaper of Friday, as follows, taken from the report
remind us of that which was raised against the Corn in question.
Laws in England some thirty-five years
ago,
States in
Bate of
Estimated
In 1876, when the Conservative
Names of Hoads.
which
Minghetti somewhat
expiration of quantity land
located.
grant.
grant'd,acres.
prematurely announced an * equilibrium of receipt and
Gulf & Ship Island
Missisippi. Aug. 11, 1866.
652,800
expenditure, a clamor was immediately raised for the Coosa & Tennessee...
Alabama.. June 3,1866.
134,480
Mobile & Girard
Alabama.. June 3,1866.
840.880
abolition of the Grist tax. The next
ministry, that pf Coosa & Chattanooga.;.
Alabama.. June 3,1866.
150,000
& Georgia.
Florida.... May 17, 1866.
1,568,729
Depretis, took office pledged to its repeal. Cairoli, Pensacola
Florida Atlantic & Gulf Cent’l. Florida.... May 17, 1866.
183,153
Northern Louisiana & Texas... Louisiana. June 3,1866.
who is now in power, came under a similar
610.880
obligation. N. O. Baton Rouge Vicksb’g. Louisiana. Mch. 3, 1876.
1,600,000
8t.
&
Iron
Louis
Mountain
But in spite of the earnest entreaties of the
Missouri.. July 1,1871.
100,000
ministry and Houghton & Ontonagon
Michigan Dec. 31, 1872.
552,515
the known sympathy of the
Wisconsin
Wisconsin. May 5, 1869.
1,408,455
King, the Senate rejected North
Wisconsin Central
Wisconsin. Dec. 31,1876.
1,800,000
the bill last year, which had
Oregon Central
i... Oregon.... May 4,1876.
1,200,000
again and again obtained Northern
Pacific
Various... July 4, 1876.
43,000,000
the approbation of the Lower
Atlantic & Pacific
Various.
July 4,1878.
40,000,000
House, and Parliament Southern Pacific.
California. July 4, 1878.
5,500,000
was
prorogued. The situation was not dissimilar to that
Total acres
99,301,892
which existed in England in
1832, when, for a second
time, a reform bill had triumphantly passed its three
By some of these grants, the lands were to revert to the
readings, and when, for a second time, it was rejected by United States in case of non-completion of the roads within the
the Lords; and it is a somewhat
singular coincidence specified periods, but in the grant to the Northern Pacific and
that the cure which was
attempted, and which was com' the Atlantic & Pacific—43 and 40 million acres respectively—
pletely successful in curing the evil then, is the same such a condition was not imposed, but it was provided that if
any breach in fulfilment occurred, the United States, after
cure which is
being attempted now. In England in 1832, one
year, could do anything requisite to procure a speedy com¬
when there was danger of
revolution, the then Premier, pletion of the roads. In case of the Northern Pacific, the
Earl Grey, advised the
King to bring the deadlock to a Interior Department decided, last June, that the term did not
close by making use of his
royal prerogative and creating expire until July last, and that no proceedings can be taken
.
.
'
..
as
many new peers as should be sufficient to outvote
the
until
July next.
Notoriously, the completion of some of these roads was inter¬
rupted by events which nobody foresaw or could have foreseen
when the grants were made. The failure, therefore, to
comply
resisting majority in the House of Lords, and to
the successful
passage of the bill. The King, al
though friendly to the reform measure, reluctantly, and with the conditions in
after some hesitation,
gave his consent.
His consent creasing that many
secure
was
enough.
-was
effected.
The Lords took the hint. A compromise
It was agreed that a given number of the
opposition should absent themselves
that the bill should be allowed
necessary to create the new peers.
Thus it was that the great
from the House and
to
pass.
It
was
not
such
is
surprise. Evidence is in¬
of these unfinished enterprises which
1873 saw interrupted, were only a few years in advance of the
times, and in case of the Northern Pacific the progress since
appears to show that the general conditions which existed
when the grant was made have been enough restored to allow
fulfilment of the intent of the act, to-wit, to secure the building
of the road. A literal enforcement of the original limitation is
not anticipated.
Another point in this matter has been just passed upon by
the law officers of the Government, as to how far deviations
from the line of construction laid out for a land grant
j^ilretfcT
may go without forfeiting the grant. The decision is very
definite, and states that the road must follow the original
route, but that the question whether the minor devia¬
tions which must be expected in some cases, are sufficient to
cases
no
English reform bill was
passed and became law in the land.
Signor Cairoli
has evidently been
studying to some purpose the consti¬
tutional law of England.
It would appear,.however, if
we are to be
guided by the cable dispatch, ithat what was
only a threat in England is already apparently a fact in
Italy. On Tuesday of this week the Italian Parliament
make the constructed road a different one from the contem¬
met, but on the day previous the Official Gazette of
Italy
plated
therefore not entitled^ to the grant,'is a ques¬
announced the appointment of
twenty-six new Senators tion of road, and
fact,
to
be
determined by the Interior Department. “ A
to overcome the
majority which in the Senate has persis¬ substantial compliance with the
act of location” is all that i&
tently resisted the repeal of the Grist tax. It appears, requisite.
CHRONICLE.
LHE
182
Port
THE NEW FUNDING BILL.
following is the text of the new funding bill as reported
to the House of Representatives this week, by the Committee
of Ways and Means, the first Tuesday in March being assigned
for its consideration. It is not at all probable that it will be
adopted in its present form. In fact, we see one proposition
already finds friends among Congressmen, to the effect that the
rate of interest be reduced to 3 per cent, and that circulation to
on
these bonds be free from tax.
If
representatives would go one step further and also free the
using the bonds from the tax on deposits (a tax
which is opposed to every economic principle), they would do
wisely, for they wrould grant relief where it is most needed, and
at the same time help to make a market for their bonds.
our
banks thus
A Bill to facilitate the
refunding of the national debt:
Be it enacted, dc., That all tbe existing provisions of law authorizing
tbe refunding of tbe national debt shall apply to any bonds of tbe United
States bearing a higher rate of interest than 4^ per centum per annum,
which
may hereafter become redeemable; provided, that in lieu of the
bonds authorized to be issued by the act of July 14, 1870, entitled “An
act to authorize the refunding of the national debt,” and" the acts
amendatory thereto, and the certificates authorized by the act of Feb.
20, 1870, entitled “An act to authorize the issue of certificates of
dei»osit in aid of the refunding of the public debt.”
The Secre¬
tary of tire Treasury is hereby authorized to issue bonds in amount
not exceeding $509,000,000, which shall bear interest at the rate
of 3*a l>er centum per annum, redeemable at the pleasure of the United
states after 20 years, and payable 40 years from the date of issue, and
also notes in the amount of $200,000,000, bearing interest at the rate of
3 4> per centum per annum, redeemable at the pleasure of the United
States after 2 years, and payable in 10 years from the date of issue; but
not more than $40,000,000 of said notes shall be redeemable in any one
fiscal year, and the particular notes to l>e redeemed from time to time
shall be determined by lot, under such rules as the Secretary of the
Treasury shall prescribe. The bonds and notes shall be in all other res¬
pects of like character, and subject to the same provisions, as the bonds
authorized to be issued by the act of Julj' 14, 1870, entitled, “An act to
authorize the refunding of the national debt,” and acts amendatory
thereto; provided, that nothing in this act shall be so construed as to
authorize
increase of the
public debt.
Sec. 2. The Secretary of the Treasury is hereby authorized, in the
cess of refunding the national debt, to exchange, at not less than
any of
an
the bonds
or
pro¬
par,
but none of the
provisions of this act shall apply to the redemption or
any of the bonds issued to the Pacific Railway Companies;
and the bonds so received and exchanged in pursuance of the provisions
of this act shall be canceled and destroyed.
Sec. 3. Authority to issue bonds to the amount necessary to carry out
exchange of
the provisions of this act is hereby granted.
Bec. 4. The act approved Feb. 26, 1879, authorizing the issue of cer¬
tificates of dejHisit. is hereby amended so as to continue and limit the
amount of certificates to be issued to $50,000,000 to be outstanding at
any one time, and fLxiug the rate of interest to be allowed thereon at 3
and ^2 of 1 per cent per annum, for one year, a'ter which interest shall
cease; and the said certificates shall be convertible, at the option of the
holders, when presented in sum* of $50, or multiples thereof, into the
oouxMin or registered bonds authorized by this act; and whenever any of
the said certificates shall be converted into bonds, the same shall be
canceled and destroyed. But the Secretary f»f the Treasury may, in his
discretion, issue
new certificates in place of those so converted, up to
the limit of $50,000,000, until the aggregate amount of the bonds author¬
ized by this act, and of the said certificates combined then outstanding,
shall equal the amount of bonds hereby authorized. It shall be unlawful
for any
j>erson or persons to form combinations by which to procure
said certificates of deposit authorized under this act for purposes of sale
to others, or for acting as agents of others, and
any person so offending
shall be liable, on conviction, to be fined $1,000, or imprisonment not to
exceed one year. The Secretary of the Treasury is authorized and
directed to make suitable regulations in compliance with this act, provid¬
ing that the expense for the disposing of the certificates and bonds author¬
ized to be issued shall not exceed one-quarter of 1 per centum ; provided
that said certificates shall not be sold or converted at less than par.
Sec. 5. From and after the 1st day of July, 1880, the 3l2 per centum
bonds authorized by the first section of this act shall be the only bonds
receivable
Sec.
as
ending June 30,1879.
Foreign Imports.
security for national bank circulation.
6. This act shall be known as the Funding act of 1880, and all
acts and parts of acts inconsistent with this this act are hereby repealed.
OF
NEW
YORK
AND
OF
THE
George Wilson, Secretary of the Chamber of Commerce,
prepared for his forthcoming annual report the following
interesting statement of the commerce of New York, compar¬
ing it with the aggregate at all the other ports. Of course
these figures are for the fiscal year.
3,842,007
5,034,545
221,195,824 307,250,977
92,919,538 158,822,798
Total
314,115,362 466,073,775
valu^ of foreign imports, 1378-79
Domestic Exports.
15 r0 lids tuffs*Wheat
bush. 55,485,183 $60,197.4081
Wheat flour.. .hbls. 3,236,292 16,899,547 f
nnn QOr.
Indian corn..bush. 30,981,052 15,673,697 f
All other breadstuffs
7,230,273 J
Cotton
lbs. 164,566,466 18,410,152
Provisions—
BaeonA Hams.lbs. 511,909,924 $36,380,196
Lard
lbs. 249,358,426 17,480,387
Cheese
,...lbs. 131,852,419 11,779,423
Butter
lbs. 32,031,365
4,428,995
n
100,00U,92o 210,J5o,02»
Beef, fresh....lbs.
44,414,227
4,043,929
Beef, salted
or
cured
lbs.
27.018,507
1,820,886
49.962,536
2,798,604
6,876,197
Pork
lbs.
All other provisions
Oils—Mineral—
Illuminat’ng,gals. 206,520,009 $23,088,504)
gals. 17,716,883
1,517,701
Naphtha
gals. 11,477,029
987,145)
Tobacco-Leaf lbs. 172,620,786 $12,810,945 \
.
lbs. 24,867,947
other
lbs. 70,823,575
lbs. 41,055,403
lbs.172,318,445
No. 27,210
Oilcake
Horned cattle
Total value of domestic exports,
The fluctuations in the
Year end’g
June 30—
1879
1878
1877
1876
1875
1874
1873
1872
.
Commerce.
5,846,882
4,949,887
4,048,812
6,934,940
4.828,158
3,491,139
6,164,024
2,717,783
2,340,997
4,394,010
8,379,200
1878-79...333,817,546 717,093,777
commerce of the port of New
compared with all ports of the
period, are as follows.
All Ports of the United States.
Total Foreign
Increase.
Decrease.
Commerce.
$1,202,708,609
664,996,269
648,271,281
620,287,133
713,341,549
750,127,354
758,423,489
704,090,721
1,210,519,399
1,207,097,425
1,153,411,875
1,235,031,068
1,324,104,706
1,340,899,221
1,212,328,233
1,132,472,258
663,527,756
5,026,667
.
$665,342,293
1871
10,853,950
years,
same
Total Foreign
17,555,035
7,657,781
foreign
during the last nine
New York
or 01 * oak
.286,214,771 622,128,922
52,602,775 94,964,855
Total value of leading articles
Total value of all other articles
United States for the
- o«7 Oo,
gold and silver coin 11,020,727
Sugar—Refined
York
25,i593,350 39,439,055
2,500,989 5
Manufactures
Gold aud silver bullion and
Cotton manufactures
Sole, upper and all
Tallow
Furs and fur skins
162,304,250
85,608,617 116,858,650
Crude
v
$7,810,790
$
3,421,974
53,685,550
81,619,193
89,073,638
16,794,515
128,570,988
79,855,975
140,575,309
ptffujetavgI (Commercial %uQlish U-ieurs
BATES OF EXCHANGE AT LONDON AND ON LONDON
AT LATEST DATES.
EXCHANGE AT LONDON—
January 29.
Rate.
Time.
On-
Paris
Short.
25*15
Paris
3 moH.
25*36H ® 2 5 * 41
Antwerp
“
—
Amsterdam
Amsterdam
Hamburg
Short.
3 11108.
.
.
a
...
•
u
Berlin
Frankfort...
a
a
Bt.PetersbTg
a
Vienna
u
Madrid
Cadiz
Genoa
25*40 'a)25*45
12 0% ® 12-14
12*2% ® 12*314
20*50 ®20*54
20*50 ®20*54
20*50 ® 20*54
24 ir>ic®251i«
11*90 ® 11*95
52916^52ll16
....
Latest
Date.
Time.
Rate.
Jan.
30
Short.
25*1012
Jan.
Jan.
30
Short.
Short.
25*19
12*04
30
....
Jan.
30
Short.
....
Jan.
Jan.
28 3
30
moa.
ii
60 (lays
Shanghai....
255m
11*72
....
Jan.
3 mow.
60 days
30 6 mow.
a
30
u
30
a
30
30
jJan. 30
“
20*29:*2
....
j**® 47^1 (j
47:*8®4712
28*52ioa)28*5712
u
Alexandria..
New York...
Bombay
®25*20
EXCHANGE ON LONDON.
473
u
....
Mr.
Total IT. S.
1878-9.
$
Total value of leading articles
Total value of all other articles....
Calcutta
Iloug Kong..
UNITED STATES.
3,624,893
2,159,824
lbs. 17,660,397
Lisbon
COMMERCE
$
,
i.I
Precious stones
Wool
notes herein authorized for any of the bonds of the
United States outstanding and uncalled bearing a higher rate of interest
than 4iy per centum per annum; and on the bonds so redeemed the Sec¬
retary of the Treasury may allow to the holders-the difference between
the interest on such bonds" from the date of exchange to the time of their
maturity, and the interest for a like period on the bonds or notes issued;
of
New York.
Year
The
the national banks issued
| Vou XXX
Is. 8d.
is. 8d.
Jan.
Jan.
Jan.
Jan.
961448112
Is. b^ifld.
Is. 8^1 <jd.
3b. 10%1.
5s. S^d.
has
Year
ending June 30, 1879.
Foreign Import*.
Port of
Neve York.
Sugar and Molasses—
Total IT. S.
1678-79.
$
Sugar
lbs., 1,169,677.992, $46,037,470)
Molasses, gals..
12,094,716,
2,292,038 > 49,719,708
Melado ....lbs.,
48,907,074,
1.390,200)
Coffee
lbs. 259,228,451 32.739,331
79,281,569
47,356,819
24,013,398
24,333,700
19.928,310
Billr manufactures
Woolen manufactures
*
•Cotton manufactures
.*
Flax manufactures
Cold and silver bullion and gold and silver coin
Hides and skins, other than furs
Tea
lbs. 43,416,979
Tin—In bars, blocks or
)
23,196,860
19,667,135
17,618,454
12,332,63 7
125,168 $2,021,373 >
7,824,520
12,459,757
6,622,821
7,556,854
J>igs
ewt.
11,766,309
10,043,577
9,819,720
14,693.837
20,296,000
3 5,959,017
14,577,618
Tm—In plates
cwt.l ,416,834 5,803,147 )
Leather and leather manufactures
Tobacco and tobacco man u faeturee—
Leaf
lbs. 5,937,352 $3,036,063 l
Cigars
..lbs.
581,212
2.157.991 f
India rub'r A gutta percha,crude,lbs. 11,865,875
5,194,054
5,812,425
4,713,704
Wines, spirits and cordials
6,068,088
4,152,297
6,037,033
[ From our own correspondent. |
London, Saturday, January 31,1880.
market continues very easy, hut the directors of
England adhere to their published rate of discount
of 3 per cent. The demand for accommodation during the last
two days has slightly increased, owing to the settlement on the
Stock Exchange; but the mercantile inquiry has been very
moderate, and the Bank return shows that at the Bank of Eng¬
land very little discount business is in progress. It seems to
be an admitted fact that the first effect of improved trade has
been to produce an easier money market. Manufacturers aud
merchants have been able to diminish their stocks of goods, and
with the proceeds of the sales to repay advances to their
bankers. The mercantile communtity has thus been placed in
a more advantageous position, and as
the revival in trade,
though very encouraging, has not been sufficiently decided to
cause activity, the demand for money on the part of our mer¬
chants has not perceptibly increased. The abundance of
The money
the Bank of
February
THE
21, it80.]
by the economies practiced by,
during the last two years. We
cheaply, and this has been accomplished, first, by
money has also been augmented
if not enforced upon, the people
have lived
the fact that food has,
188
CHRONICLE.
with but few exceptions, been cheap,
I Bank
98*2
45s. 7d.
45s.
av. price
Upland cotton..
7ii«d.
Clearing-House l-et’n. 88,375,000
Eng. wheat,
2 p.
951-3
51s. lOd.
51s.
lOd.
0*4d.
55ied.
77,383,000
Mid.
1877.
2 p. o.
3 p. o.
90 J4
39s.
Id.
39s. Id.
3 p. c.
Consols
1878.
1879.
1880.
rate
o
52s. 3d.
0x4d.
77,208,000 103,786,000-
In the
gold market there has been no important movement
and, second, by the surrender of most, if not all, luxuries. If
manufacturers and distributors have suffered from this care¬ during the week. There is a small inquiry for France, Ger¬
fulness on the part of consumers, the large class of consumers many and Holland, and it is expected that a large quantity
will be sent to Paris, in connection with the settlement, as we
has derived great benefit, and the money available for invest¬
have made large purchases of securities of late upon the
ment is perhaps in more numerous hands. It is better that
Bourse. The exchanges are generally adverse to us, but there
this should be so, as a more equal and equitable distribution
is no strong movement, and the supply of gold held by the
of wealth gives stability to the country and promotes prosper¬
Bank continues to be replenished by the return of coin from
ity. Besides it is more than probable that so desirable an
increase of thrift as has been experienced of late years will provincial circulation. India Council bills have sold at a rather
lower price, viz., at Is. 8 3-16d., and the silver market, though
continue. The desire to deal at co-operative stores, and on the
at present rather bare of supplies, is somewhat cheaper.
cheapest terms, is becoming more general every day ; but
Mexican dollars, however, have ruled steady in value. The
though those who suffer from such competition are loud with
their complaints, yet a very large section of the community following prices of bullion are from the circular of Messrs.
derive great advantages, which they are by no means willing Pixley & Abell:
d.
8.
d.
s.
GOLD
to surrender.
The conditions of domestic life have certainly
during the last few years, and there are ap¬
parently few who would desire to embark again in a career of
extravagance or carelessness, which enabled tradesmen to
accumulate large fortunes, but which left their customers in a
altered very much
state of
poverty.
This week’s Bank return shows that
the Government has
repaid the Bank of England a further sum of £1,100,000 in
connection with the recent loan for the payment of the divi¬
row that the income tax is being received, the
Treasury Balance shows a small increase, viz., of £156,107.
Considerable efforts are being made by the income-tax collectors
to obtain payment of the tax in question, as the Chancellor of
the Exchequer is desirous of presenting as favorable a budget
as possible.
In Parliament, and at the next election, the finan¬
cial policy of the Government is certain to be attacked, and it
is necessary therefore for the Government to look earnestly
after its finances. The improvement in trade has not yet had
much influence on the revenue, but a better result is expected
in the course of the year. Although there is a small demand
for gold for exportation, the supply held by the Bank continues
to increase, the improvement this week being £230,132.
This
is due of course to the return of coin from provincial circula¬
tion, and seems to indicate increasing confidence. The circula¬
tion of notes and Bank post-bills has also been diminished to
the extent of £374,187, and the result is that the total reserve
shows an increase of £586,262. The proportion of reserve to
liabilities is now 47*62 per cent, against 45*17 per cent last week.
The stock of bullion held by the Bank amounts to £28,258,101,
against £30,005,694; while the total reserve is £16,519,941,
against £12,849,909 last year. “ Other securities” on loans and
discounts are at a low point, being only £18,238,132, against
£24,644,899 in 1879.
The commercial demand for money during the week has been
very moderate, but there has been a somewhat augmented
inquiry in connection with the Stock Exchange settlement,
which has been unusually heavy. The rates of discount are
considered to be a trifle firmer, but now that the settlement has
been completed, a return of extreme ease is anticipated. Mer¬
cantile paper is still very scarce. The following are the present
quotations for money:
Bar
Bar
gold, flue
gold, contain’g 20 pwts. silver
..
peroz.
per oz.
standard.
standard.
Spanish doubloons
per oz.
South American doubloons
United States gold coin
German gold coin
per oz.
per oz
per oz.
SILVER.
Bar silver, fine
Bar silver, cpntain’g
Cake silver
Mexican dollars
5 grs. gold
Chilian dollars
peroz.
per oz.
The
following
are
dends, but
75
standard. 52^6 ®
standard. 521&10'®
per oz.
peroz.
per oz
A
Quicksilver, £1 5s. 0d.©£7 7s. Od.
77
77 11
©
75 0 9
73 8*3®
70 3is®
70 3*4®
d.
56JU
5iq
/3>
©
©
Discount, 3 per cent.
the current rates of discount at the prin5
Bank
rate.
Pr. ot.
3
Paris
Amsterdam.
Brussels
Berlin
....
....
Hamburg—
market.
Pr. ct.
3
3
4
4
4
4
Pvui'bfnvt,
Leipzig
Genoa
Open
....
Geneva
256®278
3
2 34 ©3
2:U©3
258©27b
*2fya) 3
3
Lisbon ifc Oporto
St. Petersburg ..
Calcutta
Open
rate.
Pr. et.
4
market.
4
0
6
4
1
3V©4
New York
Pr. et.
3^4
©5
4
5 Lj© 6
5:k©6\l
A
"©SA* Copenhagen....
4
The directors of the
Vienna
Madrid, Cadiz &
Barcelona
Bank
....
3L>2>4
4 -©6
Anglo-American Telegraph Company
(Limited) report that the total receipts for the past half-year
£397,426, including £11,300 brought forward. This is
£91,731 more than in the corresponding half of 1878. The
total expenses were £59,766. Out of the large balance left,
£140,000 has been placed to the credit of the renewal fund, and
the amount available for distribution is therefore £197,660. A
quarterly dividend at the rate of 6 per cent per annum was
paid last November, absorbing £105,000, and it is now proposed
to pay 1^ per cent more, which will make the dividend for
the whole year on the ordinary stock 5 per cent and leave
£5,160 to be carried forward. On the dividend stock the distrib¬
ution will be 6 per cent to the preferred and 4 per cent to the
were
deferred half.
and this week the
South Australian Government has, through the Bank of New
South Wales, announced an issue of £3,294,600 in bonds of
£1,000, £500, £200 and £100 each, bearing 4 per cent interest
from the commencement of the year. The minimum price is
£92 10s. per cent. The loan is required for railway purposes,
the construction of waterworks, and other public works, and for
providing for the drainage of the City of Adelaide. The prin¬
cipal part of this issue is to be repaid at par on the 1st of Jan¬
Per cent. Open-market rates—
Per cent.
uary, 1909, and the balance of £200,000 on the 1st of July,
4 months’ bank bills
Bank rata
3
0 months’ bank bills
2j4©2Lj
1929.
The present funded debt of South Australia is about
Open-market rates—
4 & 0 months’ trade bills. 2 V©3
30 and 00 days’ bills
1 n8®ll2
£5,300,000, and the population under 300,000.
3 months’ bills
The early part of
At a meeting of the joint-stock banks on Thursday, it was
the week was very severe, and
resolved to reduce the rate of interest for deposits, and the skating was resumed with avidity. In some parts of the coun¬
majority of them now allow 1^ per cent. The discount houses try, and especially in London, the fog has been very dense,
bu t yesterday and to-day the weather has been brilliant, and
lowered theirs last week. The following are the quotations :
Per cent.
we
seem to have traveled in. a few hours from Winter to
Joint-stock banks
l^
Discount houses at call
1
Spring. Since Monday the temperature has risen 30 degrees,
Do
with notice
H4
and there are no signs of rain. The Autumn and Winter have
Annexed is a statement showing the present position of the
certainly been as remarkable for their seasonableness and dry¬
Bank of England, the Bank rate of discount, the price of Con¬
ness as the Summer was for its abnormal down-pour of rain, and
sols, the average quotation for English wheat, the price of there seem to be
hopes of a favorable season. Farmers have
Middling Upland cotton, and the Bankers* Clearing-House been able to complete a good deal of out-door work, and as the
return, compared with the three previous years :
sun now begins to exert some power, ploughing can be actively
1879.
1877.
1880.
1878.
Circulation, including #41
£
£
£
resumed. The dryness of the weather and the absence of snow
bank; p,
post bills
27,019,390 32,441,010 27,210,371 27,1592,895
Public deposits
3,805,920
3,079.555
4,937,105 have enabled them to *cart their manures to the appointed
4,275,047
Other deposits.
30,132,775 31,028,470 25,134.425 25,140,245 fields with ease, and it is probable that during the next
Goverum't securities. 17,804,788 15,717,974 10,202,509 10,307,870
Other securities
18,238,132 24,044,899 17,809,437 17,732,917 few weeks large tracts of land will be prepared for Spring
Res’veof notes <fc coin 10,519,941 13,849,909 12,981,090 14,057,350
sowing. It is said that not much land has been sown with
Coin and bullion In
both departments.. 28,258,101 30,005,694 24,808,885 20,050,241
Winter wheat, and it seems probable that more attention will
Proportion of reserve
30-58
44*55
be paid to the cultivation of barley, spring corn and roots.
to liabilities
47-62
......
Our colonies continue to borrow money,
184
THE
CHRONICLE.
I Voii. yxy
Thp wheat trade during the week has been decidedly quietFOREIGN IMPORTS AT NEW YORK FOR THE WEEK.
1877.
1878.
1879.
quantity of producer afloat and the large visible
1880.
Dry Goods
$2,789,099
$2,104,874
$2,266,154
$2,336,319
supply in the United States make buyers cautious ; but there General mdse...
4,232,903
4,306,340
2,664,617
5,870,927
is no strong downward movement in prices.
Occasionally sales Total week
$7,022,002
$6,411,214
$4,930,771
$8,207,246
are made on lower terms, but the deliveries of British farmers
Prev. reported..
34,149,165
31,404,163
32,816,462
52,154,672
are. small and the
consumption of foreign produce is great. Totals’ce Jan. 1. $41,171,167 T $37,815,377 $37,747,233
$60,361,918
During the week ended January 24, the sales of home-grown
In our report of the dry goods trade will be found the
imports
wheat in the 150 principal markets of
England and Wales of dry goods for one week later.
The following is a statement of the
amounted to 36,90? quarters, against 55,791 quarters last
exports (exclusive of
year;
specie)
from the port of New York to foreign ports for the
and it is estimated that in the whole
kingdom 1 they were week ending Feb. 17 ?
147,600 quarters, against 223,200 quarters in 1879. Since harvest
EXPORTS FROM NEW YORK FOR THE WEEK.
the sales in the 150 principal markets have been
668,785
1877.
1878.
1879.
1880.
quarters, against 1.188,614 quarters; while it is computed that For the week.... $4,670,161
$7,283,351
$7,301,103
$6,825,443
in the whole kingdom they have amounted to
37,849,737
34,302,463
2,676,000 Prev. reported.. 33,890,437
35,385,407
quarters, against 4,755,000 quarters in the corresponding period Totals’ce Jan. 1.
$38,560,598
$45,133,088 $41,603,566 $42,210,850
of last season.
Without reckoning the supplies furnished
The following will show the exports of
specie from the port
ex-granary, it is estimated that the following< quantities of
wheat and flour have been placed upon the British markets .of New York for the week ending Feb. 14, and also a com¬
parison of the total since Jan. 1, 1880, with the corresponding
since harvest:
totals for several previous years:
1S79-80.
1878-9.
1877-81876-7.
The liberal
47811230—S^ctrl.i
Imports of wheat.cwt.29,153,800
Imports of flour
5,113,800
Sales
of
produce
21,100,693
25,716.476
liome-grown
11,592,300
3,283,603
3,431,505
20,002,000
16,239.000
18,601,500
45,859,900
45,051,301
45,430,931
30,909,173
470,589
861,310
910,819
585,163
45,389,311
44,189,991
44,520,162
36,324,005
40s. lid.
53s. 10.1.
48s. 6d.
Total
Deduct
exports
wheat and flour.
^
of
Result
Av’ge price of English
wheat for the
-
15,755,905
2,518,768
47s. 8d.
season.
The
following figures show the imports and exports of cereal
produce into and from the United Kingdom since harvest, viz.,
from the first of September to the close of la3t
week, compared
with the corresponding periods in
the three previous seasons:
IMPOSTS.
1879-30.
Wheat...:
.cwt.29,153,800
7,718,459
6,604,781
Barley
Oats
'.
Peas
Beans
Indian com
Flour...
1877-8.
21,160,698
25,716.476
5,961,209
6,703,129
5,133,756
1876-7.
,
15,755,905
6,249,471
876,062
1,238,394
9,486,552
4,678.060
670,431
1,759,340
12,036,43 4
5,113,800
1,829.763
14,32S,109
3.288,603
3,431,505
2,548,768
EXPORTS.
Wheat
cwt.
Barley
Oats
Peas
Beans
Indian
corn
Flour
1879-80.
421,824
7,581
41,795
71,759
15,561
416,362
8,366
3,519
138,458
48.765
40.828
$3,000 gold)
Previously reported ($673,642 silv., and $266,990 gold)
Tot. since Jan. 1, ’80
Same time in-
-
-
...
11,958
64,621
12,580
15,470
223,114
17,040
46,850
22.097
Tues.
Feb.
Wed.
Feb.
Tliurs.
l a
19.
52%
98 >i6
981ig
98%6
98%g
98316
98%g
106%
9551g
52%g
98jig
985ie
106%
110%
11034
109%
109%
49%
49%
105
F.i.
Feb.
20.
Feb.
98516
L
98%
106%
11034
106%
110%
109%
49%
106%
105%
52
98316
„„
^
^
follows:
as
9—Str. Ailsa
U. S. of Colombia...Am. gold coin..
Am. silv. coin..
9—Str. C. of Merida.:...Mexico
,Ain. silv. coin..
For.
Am.
Washingt’n.Cuba
Hayti
Sat.
s.
d.
Flour (ex. State) $ceiit’1.14 (5
Wheat,spr’g,No.2,1001b. 10 S
Spring, No. 3...
10 4
“
Winter,West.,n.
“
11 2
Southern, new.
“
11 4
“
Av.Cal.white..
10 6
California club.
“
11 0
Coni, mix.,W.old$ ccnt’l 5 4
do
do
new.
“
5 3
Liverpool Provisions
5
6
6
0
36
80
(5
38
0
73
d.
s.
Bacon, long clear, cwt..34
Short clear
“
36
$ tierce.80
Bard, prime West. $ cwt.38
Cheese. Am. choice “ 73
London Petroleum Market.—
Sat.
d.
PePleum, ref. $ gal.
PetTeum, spirits “
©
14
10
10
11
11
10
11
5
Wed.
ft.
d.
14 6
10 9
10 4
11
11
10
1
11
4% 5
3%
Tues.
59
34
36
80
38
73
6
0
9
0
6 ©6%
....
@
.
-
.
.
s.
14
10
10
11
11
10
11
5
5
4
6
1
4%
3%
5
Wed.
d.
0
6
6
0
9
0
s.
Tliurs.
2
4
6
5
Mon.
d.
6*8
..
d.
6
9
4
2
s.
4
2
4
6
0
4
3
Mon.
s.
d.
59 0
34 6
Pork,West.mess..$bbl.59 0
pr. mess,
10
11
11
10
11
5
Tues.
59
35
37
80
39
73
14
10
10
11
11
10
11
5
5% 5
Tliurs.
d.
0
6
6
0
ft.
s.
57
35
37
80
3!)
73
0
0
d.
6
0
6
0
0
0
Tues.
Wed.
Thurs.
d.
d.
6
d.
©
©
.
.
-
--
©
.
..
s.
.
.
©
©
..
--
d.
9
11
6
4
6
10
3
for each
1872
,
253,898
Payments.
$419,734
1871
1870.....
3,051,570
2,021,640
542,537
1869
1868
Gold.
14...
16...
17...
18...
“
“
19...
20...
“
Total
$
$
954,732
1,703,574
1,112,860
1,809,241
969,194
1,617,848
34
99
60
07
60
00
980,677 88
626.731 65
580,525 70
1,644,784 29
8,167,451 60
9,189,108 74
Currency.
$
98,129,915 47
3,341,124 79
2,015,264 43
98,OS 1,389
98,267.256
99,514,108
99,848,210
31
58
78
54
99,766,439 31
$
7,235,465
6,972,302
6,918,618
6,854,622
6,909,190
6,964,024
84
56
01
87
01
95
BINEING AND FINANCIAL,
&
MATCH,
BANKERS,
AND
DEALERS IN
GOVERNMENT BONDS,
and other desirable Investment
Securities,
NO. 5 NASSAU STREET, N. Y.
0
6
0
0
0
0
Buy and sell all issues of Government Bonds, in large or small
amounts, at current market prices, and will he pleased to furnish infor¬
mation in reference to all matters connected with
investments in Gov¬
ernment Bonds.
..
6%©71f
Imports and Exports for the Week.—The
imports of last
week, compared with those of the
preceding
week, show
a decrease in
dry goods and an increase in general merchandise.
The total imports were
$58,207,246, against 18,469,472 the pre¬
ceding week and $511,753,252 two weeks previous. The exports
for the week ended Feb. 17 amounted to
$56,825,443, against
$5;725,001 last week and $56,322,878 the previous week.
The
following are the imports at New York for the week ending
(for dry goods) Feb. 12 and for the week
ending (for general
merchandise) Feb. 13:
Feb.
FISK
Commercial autlllXiscellaueous ■Hems.
-
$1,239,272
Same time in-
8^
Fri.
d.
©
$142,555
1,096/717
Balances.
Fri.
d.
_.
900
500
day of the past week:
Receipts.
ft.
57
35
38
80
39
73
320
50,923
1,490
1,265
gold coin..
gold coin..
($456,370 silv., and $782,402 gold)
1
6,266
following table shows the receipts and payments at the
Sub-Treasury in this city, as well as the balances in the same,
“
Fri.
d.
9
10
5
3
5
6
1
6
silv. coin..
silv. coin..
260
»
The
“
Market.—
Sat.
Beef,
Mon.
s.
d.
14 6
10 9
1.533
gold coin..
gold coin..
gold coin..
Am. silv. coin..
Same time in—
I
Same time in1879
$1,942,763 1875
$317,293
1878
2,818.225 1874
914,489
1877
2,218,131 1873.....
193,793
561,978
370
gold coin..
$15,028 gold)
Previously reported ($329,343 silv., and $767,374 gold)
1876
70,528
1,336
1,050
Total for the week ($127,527 silver, and
Tot. since Jan. 1, ’80
600
2,150
1,700
U. S. of Colombia. ..Am. silv. coin..
Colon
U. S. of Colombia...Am.
Bermuda
British West Indies.For.
11—Sti’i C. of R.de Jan’ro.Danish West Indies.Am.
Atlas
West Indies..;
Am.
For.
C. of
$1,365
Am. gold coin..
For. silv. coin..
For. gold coin..
9—Str. Clyde
,
Liverpool Breadstuffs Market.—
.
1869
Feb.
...
„
$6,171,274
4,872,642
5,352,493
10,592,115
! 1868
The imports of specie at this port for the same
periods have
109%
49%
106%
Pennsylvania
54
53%
54
54
54
53%
Philadelphia^; Reading.
ig. 337e
35%
35%
3434
3434
3434
Liverpool Cotton Market.—See special report on cotton.
2,000
50,000
$1,040,932
1871
1870
5,101,800
10,533,087
2,131,979
1873
1872
Advance
17
...10412
$12,765,171
Gold dust
52%
...
Illinois Central
1,880.646
1,984,515
5,539,986
24,000
16,3(H)
Same time in-
Ain.
in
...
$1,917,010
1879......
1878
1877
1S76
I
568,128
525 IG
10618
110%
109ie
49%
103%
Same time in—
*1876-7.
52% g
U. S. 5s of 1881
...106
106
U. 8. 4%sof 1891
...110%
U. 8. 4s of 1907
109%
Erie, common stock...
49%
-*
$8,000
$100,300
1940,632
($765,942 silv., and $274,990 gold)
1877-8.
England has decreased £8,000 during the week.
11
London
838,722
23,05?
59,547
12,550
10,29(5
London Money and Stock Market.—The bullion in
the Bank
d.
Liverpool
1878-9.
65,0S6
47,294
Mon.
Feb.
Am. gold coin..
Mex. silv. dols.
Mex. silv. dols.
Mex. sil. bull’n.
Am. silv. bars.
820,432
The daily closing quotations in the markets of London and
Liverpool for the past week, as reported by cable, are shown in
the following summary:
Sat.
Feb.
Aspinwall
Tcfc.il for the week ($92,300 silver, and
English Market lie ports—Per Cable.
of
•
.
12—Str. Acapulco
14—Str. Celtic
14--Str. Main
been
1878-9.
5,449,651
798,676
558,357
12,590,410
1,109,021
Feb.
Wo
r
prepared to give information in regard to first class Railway
.Securities and to execute orders for the same.
Buy and sell all marketable Stocks and Bonds on commission, at the
Stock
are
Exchange
or
iu the
open market.
Receive accounts of Banks, Bankers,
Merohants, and others, and allow
interest on daily balances; and for those
keeping accounts with us wo
hnd other coupons, divi¬
collect U. S. coupons and registered interest,
dends, &e., and credit without charge.
£3^ We give special attention to orders from Banks, Bankers, Institu¬
city, by MAIL or TELEGRAPH, to buy or
(jell GOVERNMENT BONDS, STATE and RAILROAD BONDS, BANK
STOCKS, RAILROAD STOCKS, and other securities.
tions and investors out of the
We have issued the Seventh Edition of “ Memoranda
ernment
Bonds,” copies of which
can
,
*
be had
on
Concerning Gov¬
application.
FISK & HATCH.
THE
February 21, IS80,]
^
CHRONICLE.
Closing prices at the N. Y. Board have been
3pxe -Hkiniters7 ©alette.
Interest
Periods.
NATIONAL BANKS ORGANIZED.
6s, 1880..
6s, 1880..
6s, 1881..
6s, 1881..
5s, 1881..
5s, 18S1..
4428, 1891
Comptroller of the Currency furnishes the
following statement of National Banks organized the past week:
The United States
2,455.—The Citv National Bank of Dallas, Texas. Authorized capital,.
$100,000; paid-in capital, $100,000. A. F. Hardie, President
Cashier. Authorized to begin business Feb. 17, 1880.
,
D.I V I D*B N D S
.
The following dividends have recently been announced:
Name of
Per
Cent.
Company.
When
Books Closed.
Payable.
(Days inclusive.)
Railroad.
4*ss, 1891
4s, 1907..
4s, 1907..
6s, cur’cy,
6s, cur’cy,
6s, cur’cy,
6s, cur’cy,
6s, cur’cy,
Feb;
16.
Feb.
14.
Feb.
17.
as
follows:
Fob.
18.
*103% 104
*103% *10378
*103 % 103%
*103% 104
*105*2 105*2 *105*2 *105*2
*105*2 *105*2 *105*2 105%
103*2 103% 103% *103%
reg. Q.-Feb.
103*2 *103% 103% 103%
coup. Q.-Feb.
reg. Q.-Mar. 107% 107 % *108*6 *108%
109*4 109%
coup. Q.-Mar. 10878 *109
106*2 107*8 107
107*4
reg. Q.-Jan.
106% 107*4 107*8 107*4
coup. Q.-Jan.
*124
*124
1895.. reg. J. & J. *124
*125*4
1896.. reg. J. & J. *124
*124*8 *124
125*2
*124
1897.. reg. J. & J. *124
*124*4
*125*4
*124% 126
1898.. reg. J. & J. *124
*125*4
*125
1899.. reg. J. & J. *124
126*2 *125*4
reg. J.
coup. J.
reg. J.
J.
&
&
&
&
J.
J.
J.
J.
Feb.
19.
Feb.
20.
*1037s *1037q
*10378 *10378
105% *105%
*105*2 *105%
103% 103%
103% *103%
108
*107%
109*4 *109
1067e 107
10678 107
*125*2 *125%
*125*2 *125%
*125*2 *125%
*125 *2 *125%
*125% *125%
*
$2
Chicago Burlington <fc Quincy....
March 15 Feb.
FRIDAY, FEB. 20,
27jto:Mch. 12
18 80—5 F. M.
This is the price bid; no sale was made at the Boara.
The range in prices since Jan. 1, 1880, and the amount
class of‘bonds outstanding Feb. 1, 1880, were as follows:
Range since Jan. 1, 1880.
Financial Situation.—-The finan¬
The Money Market and
developed a general tone of strength this
week, on a pretty large volume of business. There have been
no further announcements of astonishing railroad combina¬
tions, but there has been more activity at the Stock Exchange
than for some weeks before. The money market has become
quite easy, with a good prospect of having an abundant supply
of funds in the immediate future; and without any important
bearish element in the market and an irrepressible feeling
that prices will go higher—the wish being father to the
thought—there is a strong feeling in all classes of securities.
We have frequently called attention to the fact, in the past
six months, that a great number of. stocks and bonds are
now
in sl position where it is
impossible to estimate
their future value from what the companies have done in the
past. As a type of this class, the roads under the Gould
management are the most conspicuous. With the exception of
Union Pacific, there is not a prominent road of all those em¬
,
braced in this immense combination which has not been
com¬
pletely bankrupt in the past ten
years, and several of them have
been sold in foreclosure.
And yet how unreasonable it would
be to assert that these roads may not now earn their interest.
Lowest.
V
cial markets have
The circumstances
185
6s, 1880—ep.
6s, 1881
cp.
5s, 1881
cp.
4*28, 1891.. cp.
4s, 1907
cp.
6s,cur’ney.reg.
Highest.
of each
Amount Feb. 1, 1880.
Registered.
Coupon.
16
$14,845,000
$3,570,000
7 105% Feb. 18
184,239,150
Jan. 29
2 104
106% Jan.
2 109*4 Feb. 17
103
Jail.
2 107*4 Feb. 16
125*2 Feb. IS 126*2 Feb. 17
288,823,750
168,391,000
507,687,400
64,623,512
66,877,100
217,671,600
81,609,000
231,088,750
102 ?4 Jan.
104*8 Jan.
103
Feb.
13 104
Feb.
Closing prices of securities in London for three weeks past and
since January 1, 1880, were as follows:
the range
Feb.
6.
U. S. 5s of 1881
U. S. 4*23 of 1891.
U. S. 4s of 1907
Feb.
13.
Feb.
20.
Range since Jan. 1,1880.
Lowest.
Highest.
106*4 10558 Jan. 15 10678 Jan. 12
1057e 106
111*6 Xl0*4 110% 10978 Jan. 2 llli2 Feb. 10
108% 109% 10978 106*4 Jan. 2 10978 Feb. 19
Slate and Railroad Bonds.—There have been some transac¬
tions in the lower classes of Southern Slate bonds, such as
North Carolinas, South Carolina’s non-fundable, and Virginia
deferred. The regular interest paying bonds are very strong
with the largest dealings in Alabamas and District of Columbia
now up to 97Railroad bonds have been very strong
and transactions at the Board show large dealings in several
of the leading bonds. The Chesapeake & Ohio issues had a
marked activity at advancing prices ; St. Louis & Iron Moun¬
tain incomes are still among the leading bonds as also Erie
second consolidated. Missouri Kansas & Texas, International
and Great Northern, Mobile & Ohio, Rome Watertown &
3-65s
entirely changed, and dealers in stocks Ogdensburg, and some other bonds also showed at times a
decided activity. On Wednesday there was a notable sale of
an estimate of future earnings, with
Erie first consolidated 7 per cent gold bonds—$1,000,000 of
hardly any better facts to go on, than in the case of a new rail¬ these beingfsold in a single lot at 121%, and reported to be for
road just opened for business. When it is remembered how a
prominent Life Insurance Company.
Messrs. A. H. Muller & Son sold the following at auction this
many new and “ reorganized” companies are now represented
week:
at the Stock Board, the importance of the point here referred to
Shares.
Bonds.
will be readily seen, and the influence of this uncertainty in 220 Chemung RR
80
$100,002 The right, title and
82 Elmira Jefferson & Can¬
interest of, in and to 3,848
fostering speculation will be recognized as one of the leading
53
andaigua RR
coupons cut from the lirst
and bonds
are
are
left to form
features of the time.
The money
have
ers
market has been easier as a rule and stock brokers
usually paid 4 to 6 per cent, while governmeat bond deal
have been accommodated at 3@4 per
cent.
cent. '
cial paper is in
The Bank of
Prime
commer¬
demand at 5@5/£ per
England statement on Thursday showed a de¬
crease of £8,000 in specie, and the percentage of reserve to lia¬
bilities was 49% per cent, against 49 13-16 the week before; the
discount rate remains at 3 per cent. The Bank of France shows
an increase in specie for the week of 27,040,000 francs.
The last statement of the New York City Clearing-House
banks, issued February 14, showed an increase of $1,319,025 in the
excess above tlieir 25 per cent
legal reserve, the whole of such
excess being $4,650,475, against $3,331,450 the previous week.
The following table shows the changes from the previous week
and
a
comparison with the two preceding
1880.
Feb. 14.
Loans and dis.
Tnc.
..
.
Legal tenders.
Legal reserve.
Reserve held.
Tnc.
1878.
Feb. 16.
18,059,500
19.398.800
33,011,000
19.781.200
212,132,000
34,845,600
267,123,100
2,723.900
16,686,000 Inc.
248,100
217.271,200
$66,782,025
$54,317,800 $53,033,000
71.432.500
Inc.
Tnc.
...
Surplus
1879.
Feb. 15.
$4,650,475
United states
$680,975
2,000,000
66,394,300
67.857.200
.$1,319,025
$12,076,500
$14,824,200
.m
Inc
48.334.800
Bonds.—There has been
large business in
government bonds, bat prices have varied from day to day with
the reports from Washington. On Thursday the report was
telegraphed that Senator Bayard, of the Senate Finance Com¬
mittee, was opposed to the new funding bill, and prices fell off
about % per cent in consequence, but to-day it was telegraphed
that there was no truth whatever in the report, and bonds are
stronger. At the Treasury purchase of $1,000,000 bonds on
Wednesday, the whole amount offered was $3,363,200, as fol¬
lows: 6s of 1880, from 103*95 to 105 and interest; 6s of 1881,
from 105 56 to 106; 5s of 1881, from 103 50 to 104.
a
Co
.for $510
Lacrosse & Milwaukee
RR
$21
100 Erie & Pitts. RR., guar.. 90
5
200
a certain receipt of the
Committee of Reorganiza¬
tion, face value $100,002
32
(hypo.)
1,360 Meriden Britannia Com¬
pany
$105 per share. I
30 Republic Fire Ins...,
70
10 Phenix Ins. of Brooklyn. 125*2
25 Gt. Western Marine Ins.. 82
300 Chicago & Southw. RR..
1%
Bonds.
$20,000 Ninth Av. RR. 1st
rnort. 7s, due Oct., 18SO..
I
|
500 Town of West Farms 7
per cent bond, No. 11, due
Feb. I, 1877, with coup’s
attached for 1875,1876.
1877 and 1878
$500
500 Town of West Farms 7
91
per cent bond, No. 5, due
and payable Fob. 1, 1878,
with coupons attached for
5,000 Kans. & Neb. RR. 1st
mort
85*4
50,000 N. Y. & Oswego Mid.
RR. equipment c.onv. mt.
bonds
(liypo.),$l,000ea.. 153s
600,000 N.Y. & Oswego Mid.
RR. (Western extension)
mort. gold bonds of the
N. Y. & Oswego Midland
RR. Co., due July 1,1873,
and unpaid as represented
by
„
1875, 1876 and 1S77... .$500
500 Metrop. G’light Co. scr.100
800,000 N. Y. <fc Oswego
Mid. RR. 7 p. c. gold cons,
1st mort. 7 p. c. bonds, all
unpaid coupons on
10
Railroad and Mincellaneous
has shown decided
$63,600 $244,186,500 $242,859,900
54.746.500 Inc. 1,751,900
21.599,600 Dec.
83,600
Specie
Circulation
Net deposits
$290,445,200
Differ’nces fr’m
previous week.
years.
125 Merchants’ St’mboat Co.. 100
100 N. Y. State Loan & Trust
mort. bonds, due
coupons on
1903, all
10
Stocks*—The stock market
activity this week, and prices have generally
been strong. Nearly all the different groups or classes of stocks
have shared in the activity, the Gould stocks being relatively
the least conspicuous for any great strength or continued
large sales. It has been reported that every effort would be
used id Chicago to induce the Grand Trunk Railroad of Canada
to hold aloof and not join the pool with the other trunk lines,
and it is also known that Chicago is anxious to have freight
rates cut to send forward her great supply of grain, but tnus
far the trunk lines have held firmly, and must be doing a busi¬
ness which pays
handsomely. The coal stocks have been
strengthened by the agreement to suspend mining for three
days in each week, though it must be freely admitted that this
artificial method of checking production ana forcing prices is far
inferior to a large and healthy demand for coal, as an influence
to keep up the stocks. Western Union Telegiaph has advanced to
113% on large dealings, and the suit decided in the company’s
favor is made much of by the bulls in the stock. Atlantic &
Pacific Telegraph closes at 52% with heavy sales. The Hanni¬
bal & St. Joseph stocks and Ohio & Mississippi have been
among the strongest of the week/ and the Gould party are
credited with being large purchasers. Nashville Chattanooga
& St. Louis has advanced to 102% at the close, and Louisville &
Nashville to 144. Among the new stocks, New York Lake Ontario
& Western is about the most active and closes at 29%.
186
THE
CHRONICLE.
The daily highest and lowest prices have been as follows:
Saturday.
Feb. 14.
Monday.
Tuesday, Wednesd. Thursd’y,
Feb. 10.
Feb. 17.
Atl.&Pac.Tel
44
66%
44%
06% 60%
Canada South.
Cent, of N. J.
Cent. Pacific
Ches. & Ohio,
do 1st prf
do 2d prf
Chic. & Alton.
Chic Bur. & O
Chic.M.& St.P
do
pref
Chic. &N. W.
do *
pref
08% 09%
82% 84%
68%
84% 85%
Am. Dist. Tel.
60%
82
..
82
22% 22%
50
81
81%
22%
147%
78%
102%
89%
105
24%
10,% 108%
147% 117%
78% 78%
103
103%
90% 90%
105%i 106
150
*149% 150
53
*76%
21%
73%
84%
39%
53
77
21%
75%
87
40%
52%
*70%
21%
75%
se%
39%
70%
68
22%
*31%
*23%
108% 109
14?% 147
79% 78%
49%
68
84%
82
23
32
25
109
147
2 3%
33ft
25)6
109%
150
70%
87%
40%
71%
73
70%
48%
67%
83%
82%
23%
72
52%
68%
84
83
23%
33
34%
25% 25%
*109
70$
50% 03^
68
68$
83% 85
22%
*33
25
110
146% 146%
7m 79% 80
10314 103% 103%
92% 92% 92%
10614 106% 106%
151
150% 150%
53% 57% 58%
77% 77% 78
21 % 21% 21%
75% 75
75%
86% 85% 86%
41% 40% 41%
72% 71% 73%
,83% 83 84*4
104% 103% 104%
150
58
55%
77% 77%
21% 21%
75% 70
80% 80%
40% 41
71% 71%
7°% 70%
70
77% 77% 79% 79% 85
100% 101% 100% 101
101% 103%
do
Feb. 20.
146
79%
103% 103% 103%
91% 91% 91%
100% 100% 106%
150
55
77
22
Friday,
Feb. 19.
70
46% 48%
67% 68%
83% 84%
81
23
CO £
31%
*23
*107
Clev. C. C.
40
68
68
Feb. 18.
23%
84%
25
109% 110%
146% 146%
79% 81%
103% 104%
92% 93%
106% 107
152
152%
57
57%
78% 81%
21% 21%
75% <6
86% 87%
41% 42%
73% 75
82% 84
103% 103%
fVoL. XXX.
-Latest earnings reported.—„ ,—Jan. 1 to latest date.1879.
T880.
1879.
Weck or Mo.
1880.
Chic. & W. Mich, ,3d wk Jan. $12,246
Clev. Mt.V.& Del.4th wk Jan
12.001Denv.S.P’k& Pac. January... 144,300
Pet. Lans.&No... 1st wk Feb
15,599
Dubuoue& S.City. 1st wk Feb
16,098
Flint & Pere Mar. 2d wk Feb29,700
Grand Trunk. Wk.end. Feb. 7 174,441
Gr’t Western. Wk.end.Feb. 6
72,222
Hannibal & St.Jo. 1st wk Feb
41,959
Illinois Cen.(Ill.).. January...
417,236
do
(Iowa).. January...
119,421
Indiana HI. & W.. 1st wk Feb
26,042
lilt. & Gt. North.. 1st wk Feb
30.800
K. C. Ft. S.& Gulf.3d wk Jan.
24,125
Kans.C.Law.&So.4th wk Jan
1 -1,927
K. C. St. J. & C.B.3d wk Jail.
25,663
Little Rk. & F. S. 1st wk Feb
14,602
Lonisv. & Nasliv.. 1st wk Feb 131,062
Minn.& St. Louis.4th wk Jan
14.389
Mo. Kans. & Tex. .2d wk Feb,
81,989
Mobile & Ohio
2d wk Feb.
50,504
Nashv.Ch.& St. L. January... 205,633
N. Y. Cent.& Hud.January...2,593,613
Northern Pacific. January
81,843
$9,367
9,640
TT.849
13,771
19,300
171,797
89,104
34.259
475,891
104,301
T8.584
•
37,339
34% 34% 3o% 33% 34% 33% 35
33%
103% 104% 104% 104% 103% 104% 104% 106% 106
133
146
140
139% 141
138
143
144%
144%
49% 51% 48% 50% 49% 50% 40* 60* 49%
12% 12% 12% 14% 13% 15
13%
9% 10
10% 10%
90
88%
89% 90% 89% 91% 90 ' 92'
90%
24
25% 25
26% 23% 26%
25%
40% 40% 40% 46% 45%$ 40% 45% 45% 45%
Manhattan.
Mar.& C.lst 4
do
2d prf
_
-
.
.
.
.
Mor. & Essex.
103%
92%
27%
131%
N.Y. L.E.&W
47%
do
72%
pref
Northern Pac
83%
do
pref 50%
Ohio & Miss..
31%
Pacific. Mail...
39%
-
1
.
•
•
.
Panama
.
l
•
.
.
•
P.&
•
do
.
.
•
do
.
.
*
These
are
.
06
date,
were as
142
29
132
104
95
29%
104
93
29
104
«...
08%
48
47%
*180
09
190
184
69%
23% 23%
93
29% 29%
131% 131%
47% 47%
132
131%
47%
(3% 73
73% <2%
33% 33% 30
34%
50% 50% 59% 58
32% 33
35% 35%
40% 40% 41% 41%
47%
104%
94%
73%
35%
59
72%
34%
57%
30%
36
44%
43%
185
69
49% 50
13
9
14%
13
9%
92" 91% 92%
26
47
W*
08%
24% 24%
67% 68%
23% 23%
60% 60%
63% 65
45% 44% 45%
58
56% 58
60
64
45
57
*76
144
45% 46%
105
105
105% 105% 106%
94% 94% 95
94% 103%
29%
131% 132" 183 132% 133%
48% 48
48% 47% 48%
73r
73
73% 72% 73%
34% 33%
34% 35%
58% 57%
58% 59%
37% 85% 36% 35% 36%
44% 4 43% 44% 43% 44
00
60
190
68
67%
24%
01% 63% 63% 65%
62%
45
4o
45% 45%
45%
57% 58% 57 % 57%
58
77
78
78
78
77% 78
78
77
43
44
40% 41
40% 43
42% 43% 42
78% 78% 78% 81
81% 83% 80% 82
81%
2%
3%
3%
3%
3%
3%
3%
3%
3%
90% 92% 91
92
92% 91% 92
92%! 92%
44% 45% 44% 45% 44% 45%
45% 45%
09
09% 69% 69% 69% ,70
09% 69% 70
106
104% 100
106% 106% 109
108% 109% 108%
the prices bid and asked; 110 sale was made
Total sales of
and the range in
to
31
132
24
00
144
50
.
103% 103%
95
92%
,
24
00
.
do
do
do
.
.
S4% 33% 34%
107% 106% 107%
68" 69%
24%
64
62% 6334
45% 45%
45-%
58
58
58
77%
77% 77%
43% 41% 42
81% 81
81%
3%
3%
3%
92% 92
92%
46% 45% 45%
71% 70
70%
110
110
113%
at the Board-
leading stocks for the week endin'? Thursday,
prices for the year 1879 and from Jan. 1, 1880,
follows:
Sales of
Week.
Shares.
Canada Southern....
Central of N. J
Chicago & Alton
Chic. Burl. «fe Quincy
Chic. Mil. &St. P....
Range
year
1879.
Range since Jan. 1, 1880.
Lowest.
11,075
(55,529
Highest.
Low.
5 74*2 Jan. 14
65*2 Feb.
79*2 Jan. 23 85*8 Feb. 16
2 110*4 Feb. 20
99*2 Jan.
889
830
136
Jan.
34,690
75*4t>fTan.
4,309
10058 Jan.
88*2 Feb.
2
5
2
11
10
2
45*4
33*2
High.
78*2
89 7s
100*4
Jan. 26 111*8 134*2
152
75
81*2 Feb. 20 343s 82%
104*8 Feb. 20 7434 10234
5-1,880
Chicago & Northw...
93*4 Feb. 20 49 5g 94*2
do pref.
do
Feb.
3,187 104
8 76 7s 108
107% Jan.
Chic. Rock Isl.& Pac.
475 149
Jan.
153*2 Jan. 10 119150*2
0
Col. Chic. & Ind.Ceut
20*2 Jan.
7,828
25*e Jan. 26
5
28
Del. & Hudson Cana
12
18,610
70*8 Feb.
78*4 Jan. 10 38
89*6
Del. Lack. & Western 103,389
83
2
Jan.
88
Jan. 10 43
94
Hannibal & St. Jo...
27,260
2
33% Jan.
423a Feb. 20 13*4 41*2
do
do pref.
23 835
64
Jan.
7 75
Feb. 20 34
70*8
0
Illinois Central
13,830
99*2 Jan.
105*2 Jan. 21 79*4 100%
Kansas Pacific
87
Jan.
2 108
Jan. 19
9*8 QO Lo
0
Lake Erie & Western
20*2 Jan.
11,783
35*2 Feb. 9 *16
28*2
Lake Shore
5 10734 Feb. 20 67
98*8 Jan.
139,057
10S
Louisville &Nashv..
17.714
8 146
86*8 Jan.
Feb. 16 35
89*2
Manhattan
48
Feb.
5,981
7
56
Jan.
3
35
72*4
40,467
Michigan Central
2 7334 98 '
Feb.
88*4 Feb. 11 93
Missouri Kan. & Tex.
32
Jan.
2
7(5,785
49*4 Jan. 27
53s
Morris & Essex
6 106 34 Feb. 20 75*8 104*2
3,666 10134 Jan.
Nashv. Cliatt. & St.L.
76
80,070
Jan. 21 10334 Feb. 20 35*2 83
do
do
pref.
N. Y. Cent, & Hud. II.
N.Y. Lake E.&West.
14,356 129
Jan. 31 135
Jan.
48 78 Feb.
204,086
4l7g Jan.
19,601
pref.
6753 Jan. 20 73 7s Feb.
do
Northern Pacific..
do
pref.
Ohio & Mississippi...
Pacific Mail
-
..
Panama
Phila. & Reading
St. L. I. Mt. & South.
St. L. & S. Francisco.
do
pref.
O
21,020
19,188
31*4 Feb.
53
Feb.
10
182,015
68,340
2S78 Jan.
5
36*2 Jan.
Jan.
5
2
11
2
5
2
2
6
2
2
6
200
168
64
10,600
128,409
6,300
6,025
do
1st pref.
2,472
Union Pacific
13,580
Wab. St. L. & Pacific
36,845
do
pref.
50,225
Western Union Tel.
Feb.
49*8 Jan.
40
Jan.
49*4 Jan.
68*2 Jail.
84*2 Jan.
42*2 Jan.
65
Jan.
993* Jan.
101.635
9
8
2
2
36
Jan. 14
60
Jan. 13
37*8 Feb. 18
44*2 Feb. 17
185
Feb. 17
7238 Jan.
66
48
112
21*8
37*o
139
49
(16
78*8
40*2
144*4
65
7%
103s
123
rx
333s
39*2
182 ”
«“>
Feb. 17
Feb.
2
2
5934 Feb.
79
Jan. 24
9738 Jan. 19
48
Jan. 27
725a Jan. 27
Feb. 20
11133s
13
3*8
56
53
60*2
78*2
885s 95
4*8
934
57*2 116
*
Range from Sept. 25. t Range from July 30.
The latest railroad earnings and the totals from Jan. 1 to latest
dates are given below. The statement includes the
gross earn¬
ings of all railroads from which returns can be obtained. The
columns under the heading “Jan. 1 to latest date” furnish the
gross
earnings from Jan. 1 to, and including, the period
tioned in the second column.
men¬
Latest earnings reported.—, ^-Jam 1 to latest date.—
Week or Mo.
1880.
1879.
1880.
1879.
Atchison & Neb..2d wk Jan. $15,695
$8,065
$27,901
Atcli.Top. & S.F.,lstwk Feb
Bur. C. Rap. & N.. 1st wk Feb
101,000
41.097
76,849
23,903
Cairo & St. Louis.4th wk Jan
7,192
5,095
Central Paeitic...January... 1,223,000 1,089,166
Ches. & Ohio
..January... 202,335
88,667
Chicago & Alton. 2d wk Feb. 128,473
87.961
Chic.Cl. Dub.& M.4tliwk Jan
17,533
8,439
Chic. & East. I11..2dwk Feb.
21,740
16,002
Chic Mil. & St. P.2d wk Feb. 175,000
108,713
Chic.&Northw. ..January... 1,135,000 1,008,321
..
Chic. St. P. & Min.2dwk Feb.
16,839
15,056
$13,506
574,500
225,413
22,821
1,223,000
»
202,335
759,997
391,581
141,265
17,263
1,089,166
88,667
507,690
113,513
1,119,000
1,135,000
100,217
832,984
1,008,321
116,971
104,802
Ogd. & L. Champ.January...
Pad.&Eli3abetht.3d wk Jan.
Pad. & Memphis.. 3d wk Jan.
St.L.A.&T.H
2d wk Feb.
do
(brs) .1st wk Feb
St.L. Iron Mt. &S.lst wk Feb
St. L. & San Fran.2d wk Feb.
'
85.809
165.236
904,507
75,768
115,334
861,118
395,202
171,306
475,891
104,301
423,467
211,339
417.236
119,421
106,510
189,459
59.943
38.184
101,518
199,157
34.926
23,600
70,238
64,332
778,733
42,938
528,606
32,688
564,979
27,506
288,071
44,577
351.413
281,262
157,278
2,024,81.2
205,633
2,593.613
157,278
2.024,812
37,014
18,069
4,115
6 V 458
37,014
81.843
18,069
6,568
3,731
30,201
24,652
14,930
146,918
11,548
63.810
93.303
45,935
684,215
20,632
287,915
180,239
16,645
121,540
21,015
148,016
328,000
148,959
2,074
1,249,000
983,213
Ala. Gt. Southern. December.
$53,478
96,815
400,853
1879.
16,112
12,644
25,732
12,540
131,600
180,239
22,881
29,215
390,000
202,766
4,458
28,427
9,494
22,683
7,670
114,503
10,146
45,283
30,201
8,035
St.P.Miun.<fc Man.January...
St. Paul <& S.City. 1st wk Feb
Tol.Peoria&War .2d wk Feb.
Union Pacific.... 13 dys Feb
Wab. St.L. & Pac.1st wk Feb
Wisconsin Valley. 1 st wk Feb
Atl.&Char. Air-L.December.
Atl. & Gt. West.. .December.
$25,623
12,041
.
34"
.
$36,603
f33,868
144,300
9,727
89,717
59,993
427,332;
119,044
95,573
136,953
1,019,009
24.129
1878.
720,156
11,719
1879.
$38,555
66,423
288,542
1878.
$
777,298
$
629,278
Carolina Central.December.
49.080
37,779
Chic. Burl.&Q...November. 1,327,679 1,296,081 13,341,547 13,042,978
Dakota Southern.December
9,918
19,060
Frank. &Kokomo. December.
3,406
3,747
40,896
38,397
Gal. Har. & S. An.December.
124,496
132,096
Houst. & Tex.O.. .December. 382,230
380,477 .3,205,685
J,920.997
Mobile & Moutg. .December.
82 580
88,648
703,407
679,260
N.Y.L. Ere & W.. November. 1,515,835
1.381,391.15,110,876 13,928,479
N. Y.&N. EnglM.December.
176,000
138.831
Pennsylvania
.December.3,453,925 2 605,296 34,620,279 31,636,734
225,308 3,091,808 2,921,061
8l1,656 15,351,184 12,813,770
289.571 3,606,425 3,176,370
20,132.
317,822
280,348
..
Phila. <fcErie
December. 304,050
Phila. & Reading.December. 1,442,587
Pitts. Cin. & St. L.December. 349,989
Scioto Valley
December.
30,379
Excliange.—Foreign exchange continues to rule firmer, and
To-day, on actual business,
bankers’ prime sterling bills sold about 4 84% for 60 days and
4 86/6 for demand.
Cable transfers, 4 87.
The following were rates of domestic exchange on New York
at the undermentioned cities to-day ; Savannah—buying, 1-16,
selling 3-16@/4 premium; Charleston, very scarce, 15 bid;
New Orleans, commercial, 25@50 discount, bank 1 premium ;
Chicago, 80 discount; and Boston 40c. discount.
Quotations for foreign exchange are as follows :
rates have again been advanced.
February 20.
60
Demand.
days.
Prime bankers’ sterling bills on London.
Good bankers’ and prime commercial...
Good commercial
4.82^2 ®4. 83
Documentary commercial
4.82
Paris
5.2178«/5. 1938
(francs)
Antwerp (francs)
Swiss (francs)
v.
Amsterdam
(guilders)
Hamburg (reiolimarks)
(reichmarks)
Berlin (reichmarks)
The following are quotations
Sovereigns
$4 82 @$4 86
Napoleons
3 82 @ 3 86
X X Reichmarks. 4 72 @ 4 78
Guilders
X
3 92
Span’h Doubloons. 15 70
5.22*2 S* 5. 20
5.217e 5/5. 1938
94i!58<2)
9458©
9458®
945s®
,
@
4 00
@16 00
Mex. Doubloons.. 15 55 @15 65
Fine silver bars
1 13 @ 1 14
Fine gold bars
par.@ *4prem.
..
95
95
95
95
Dimes & *2 dimes.
Silver *43 and *2S.
Five francs
Mexican dollars..
English silver
5.1938@5.167b
40*8 @ 403s
95*8® 95%
95*8® 95 ®b
95*8® 955s
95*8® 95
40*8
in gold for various
,
4.86*2®4.87
@4.86*2
'@4.85*2
4.84*2®4.85
5.1938®5.167e
5.20 @5.17*2
4.86
4.85
12)4. 82%
393s®
Frankfort (reiclimarks)
Bremen
4.83%a4, 81*2
4.83*48)4, 833t
....
coins:
993i@ —par.
— 99%® —par.
—
—
—
92
89
4 70
@
—
@
—
95
90*2
@480
Prus. silv. thalers. — 68 @
Trade dollars
—
99
@
New silver dollars — 993*@
—
70
99*2
par.
—The thirteenth annual statement of the Union Central
Life Insurance Company of Cincinnati is published in the
Chronicle to-day. The total income of the year was $520,046,
of which $122,353 were for interest discount and rents; the
total disbursements of the year amounted to $411,580, the
income over all disbursements being $108,466. The assets of
the company December 31, 1879, were $1,520,025, and the sur¬
plus as to policy holders was $243,249 on the Ohio standard, or
$330,591 on the New York 4% per cent standard.
Boston flank*.—The
following are the to:als of the Boston
banks for a series of weeks past:
1879.
Oct. 6..
“
18..
“
20..
27..
Nov. 3.
10..
17..
24..
Dec. 1..
8..
“
15..
“
22..
“
29..
1880.
Jan.
5..
Loans.
$
Specie.
120.225.100
120.903.100
128,015.000
130.491.300
132,050,100
3,202,900
3.251.100
3.254.200
163.491.100
3.245.400
132.427.100
131.932.200
3.300.800
3.347.200
131,484.000
3.572.800
131,040,000
130,931,700
130,050,100
3,682,000
4.329,000
4.205.400
132.221.900
4 125,400
3.240.300
3,215,000
L. Tenders. Deposits.* Circulation. Agg.Clear.
$
4,838,000
4.582.900
4.528.800
45.828.300
47,210.000
48,083,400
48.907.100
4.480.500
4,370,200
49.152.400
51.108.100
3.892.800
3,540,700
3.594.900
3.474.900
51.724.400
50.769.100
3,014,800
50.137.300
49,842.700
49,048,100
4.931.500
3.865.300
3.856.300
50.085.200
50,802,500
133.827.200
3.941.400
4,093,400
50,379,600
134.991.300
137.132.900
3.822.800
50,806,800
51.882.200
53.742.200
“
139,105,000
139,810,800
3.857.100
2:.
5.418.900
5.362.900
5,43)5,700
5.329.300
»..
141.215,000
10..
55.010,200
142,181,000
4,374,800
4,576.500
4,*20,300
“
“
12..
“
19..
20..
“
Feb.
*
3.813.300
3.970.300
4,040.300
52,051.000
53.728.400
27.830.200
27,973.600
28.140.300
28,372,700
28.557.300
29,041,000
29.311.100
29.554.300
57,139,771
55,617.716
04,281,244
60,499,802
05.241,372
69,860,177
71,780,580
76,806,582
29.865.300
50,107,558
30,289.000
30.607.100
30,807.500
31,096.300
65,753,821
62.129,120
51,019,806
31.101,800
31.280.300
71.765.752
31,336,000
31,385,900
31.210.200
31,031,500
31,072,300
Other than Government and banks, less Clearing-House checks.
69.074.935
60.207,539
74,242.072
03.039,822
69.237,794
70.28t.469
72.09L201
February
City Banks.—The fallowing statement shows the
condition of the Associated Banks of New York City for the week
ending at the commencement of business on Feb. 14, 1880:
Average amount of
Capital. Loans and
gpecie.
discounts.
Legal
Tenders
Net dept’s
other
than U. S.
Circula¬
tion.
PHILADELPHIA,
BOSTON,
New York
Banks.
187
THE CHRONICLE.
21, 1S80.|
Bid. Ask.
MCTJBmiS.
Manchester & Lawrence....
Nashua * Lowell
New York* New
Northern of New
England...
Hampshire
Norwich & Worcester
Ogdensb. A L. Champlain
$
$
City.
Tradesmen’s
Fulton
Chemical
Merch’nts’ Exch.
Gallatin Nation’l
Butchers’&Drov.
Mechanics’ & Tr.
Greenwich
Leather Man’f’rs
Seventh Ward...
State of N. York.
American Exch..
Commerce
Broadway
Mercantile
Pacific
2,000,000
2,050,000
2,000,000
2,000,000
1,200,000
3,000,000
1,000,000
1,000,000
1,000,000
600,000
300,000
1,000,000
1,000,000
300,000
200,000
200,000
600,000
300,000
800,000
5,000,000
5,000,000
1,000,000
1,000,000
Chatham
North America..
Hanover
Irvin#
Metropolitan....
Citizens’
Nassau
Market
St. Nicholas
Shoe & Leather..
Corn Exchange..
Continental
Oriental
Marine ...'
Importers’ & Tr..
East River
Fourth National.
Central Nat
Second Nation’l.
Ninth National..
First National..
Third National..
N. Y. Nat. Exch..
797.500
7.365.800
2.819.700
11,623.000
1.884.300
2.077,900
2.590.600
1.935.500
3.692.500
8.568.500
5,031,200
1.520.400
3.268,000
19,091,900
15,717,300
500,000
846.200
240,000
250,000
3,200,000
2,000,000
300,000
750,000
500,000
869.400
1,003,500
17.181.000
8,469,000
2,759,000
5,079,400
12,172.000
7.750.200
1.315.900
1,000,000
300,000
300,000
60,375,200j290,445,200
The deviations from
182.900
2.981.500
670.100
278.800
2.504.400
700,500
62,400
255,000
1.211.900
961,000
254,700
180.000
199.300
896.900
170.800
2.104.200
909,100
2,800
473,000
187.500
304,000
336,000
152.200
328.900
75,000
241,000
75,300
96.800
136.800
103.800
773,000
804,000
133,000
443.300
312.600
350.900
1,722.000
284.700
1,334.000
181.700
390.700
297,800
020.000
207.200
1,080,000
22.600
509.000
4.759.900
3.530.000
117.200
26,500
121.300
3,053,000
946, 000
218.500
112.100
100,000
89.200
340,000
94,000
270.700
260.700
280.000
423.700
583.500
75,300
112.800
84,900
1,250.400
720,000
450.000
324.000
948.400
357,000
215,200
337.700
4.722.400
1.713.900
168.900
36.000
21,200
•230,000
.
!419,500
547746,500
400
44,500
133,000
1,100
614,000
795,066
37,200
030.000
450,000
1,449.800
900.000
180,000
1,125,066
3.612.300
1.255.500
2.113.100
400,000
5,400
7,100,000
2,014,000
11,123,000
1,020,400
1.983.500
800,000
435,200
2,089,700
443,300
450,000
45.000
209 600
3.900
1.492.200
3,783,000
450,000
2.006,000
4,600
758,600
5.109.400
1,373,000
3.394,000
20,634,300
800,000
17,877.000
1.101,700
532.300
658.900
354.300
754.900
806,800
10.931.400
7,213,000
2,913,000
5,113,000
224.300
810,000
1,500,000
231,000
523,000
450,000
14,539,000
7.944.600
92,100
998.300
274,000
361,800
171.500
284.500
1,040,200
1,379,700
'1,971,000
2,803,000
800,000
269,500
225,000
180,000
270,000
16.636,000 207,128,100 21,599,600
of previous week are as follows
Loans and discounts
Inc.
$03,600 Net deposits
Inc. $2,723,900
Dec.
Specie
83,600
Inc. 1,751,900 Circulation
Legal tenders
Inc.
248,100
The following are the totals for a series of weeks past:
Loans.
Specie. L. Tenders. Deposits. Circulation. Agg.Clear
1879.
Jan. 10...
Jan. 17...
.Jan. 24...
*
returns
$
14,097,800
$
*
240,995,600 23.812.900 657,695,260
253,731,900 21.635.900 787,728,198
257,483,700 21.662.900 743,125,031
Jan. 31...
259,075,900 21.529.900 772,125,031
Feb. 7...
264,404,200 21,683,200 720,978,130
207,128,100 21,599,000 683.458,357
Feb. 14.,
Note.—With December 27 the Grocers’ Bank disappeared from the list.
276,110,100 51.473.500
276,990,900 53,558,000 15,914,200
280,068,600 51,832,200 17,143,500
283,194,500 50,312,800 18,586,000
290,381,600 52,994,600 16,437,900
290,445,200 54.746.500 10,080,000
Pklladelpiila Banks—The totals of the
are as follows:
1879.
Sept.
1
‘r
“
“
“
Oct.
“
“
“
Nov.
“
“
“
Dec.
Lawful Money. Deposits.
$
*
Loans.
$
02.784,728
8
15
22
62,880,264
62,749,828
62,550,008
02,639.944
63,558,250
29.
0
13
20
27
65,942,232
66,274,801
3
66.337,415
64,700,995
10
17
24
1
..
66,680,258
65,977,180
65,302,671
64,581,278
64,650,163
16,539,218
16,569,557
16,614,554
17,377.438
17,500,784
17,687,922
17,235,369
10,240,119
15,639,404
15,185,100
14,851.359
14,010,427
14.491,491
14,958.053
51,505,795
51,580,453
40,609,121
52,817,043
53,224,187
54,442,646
Circulation. Agg. Clear.
*
*
30,002,487
&3.978,324
35.106,893
38.264.123
53,501.853
52,096,020
52 342,762
52.653.503
11,500,647
11,516,320
11,508.056
11,788.858
11,795,908
11,814,680
11,853,039
11,878,284
11,885,099
11.875,668
11,871,878
11,890.480
11,932,035
54,709,355
54,812,858
54,586,094
54,187,213
38.061.700
42,733.257
44,106,759
52,253,037
54,606,178
51,527,260
54,961.998
55,027,309
46,780 670
43,148,041
“
8
15,049.003
52,113,471
11.992.523
64.548.181
“
15
22
64,386,503
14,977,274
52,197.358
64.724 368
14.754,053
64,775,731
14,447,092
50,885,477
50,800 837
29
51.582,397
51.203,835
11.985.600
12.011,733
12,021,260
42.399 082
“
“
1880
Jan. 12
“
“
Feb.
52,898,593
54,360,797
54,300,760
12.072.760
12,082,360
12,073.093
50.218.10?
50,508,285
64,655.180
15,802,394
16,417,981
10,931,434
04,972,032
17,213,347
54,563,582
12.068.233
64,696,428
19
26
65,164,061
2
50,955.540
“
9
“
65,670,329
17,120,173
54,672,059
12,070,203
42.963 541
48,053,960
16
66,888.134
17,197,950
56,186,186
12,050.483
46,890,069
QUOTATIONS IN BOSTON, PHILADELPHIA AND OTHER CITIES.
Bid. Ask.
SECtTBITIKS.
BOSTON.
Atcfa. & Tcpeka 1st m.7s...
115%
do
land grant 7s 113% ii‘3%
do
2d 7s
134* 135
land Inc. Ss.. 109
Boston & Maine 7s
do
Boston 66
Albany 7s
do
6s
Boston & Lowell 7s
do
6s
Boston & Providence 7s
Burl. * Mo., land grant. 7s....
do
Nebr. 6s [Ex
do
Nebr. 6s
Conn. * Pas8umpslc, 7*, 1897.
Eastern, Mass., 4*g,
Fitchburg KR., 6s
new.
...
7s
do
Fort Scott & Gulf 7s
Hartford & Erie 7s
112
.
•
•
•
•
•
•
•
Old Colony, 7b
OH Colony, 0s
Omaha & 8. Western, 8s ....
Pueblo & Ark. Valley, 7s
Rutland 6s,1st mort
Vermont * Canada, new 8s..
114%
107% 108
102
102%
■00% ■90%
Vermont*Mass. RR.,6s
110
99%
....
•
•
•
•
•
•
Atchipon & Topeka
At hi 0 i & Nebraska
Boston A Albany.
Boston ALowel1
Boston & Maine
Boston * Providence
Burlington & Mo. In Neb
Cheshire preferred
Chic. Clinton Dub. * Min....
..
......
...
ICin. Sandusky * Clev
142
78
141
94
•
•
143
!42
95
120% 121
136
140
141
r
...
04%
65
17
17%
142
Connecticut River
59
00
Conn. & Passumpslc
38
Eastern (Mass.)
Eastern (New Hampshire)...
Fitchburg
87* *90
121% 125
103
108% Fort 8cott& Gulf, preferred 82% 83%
do
91
commjn.
52% 53
102
K. C. Law.* Southern
84%
K.
C.
Pt.
*
Jo.
Council
Huffs
112% 112%
70%
61
Little
Rock*
Fort
smith....
60%
1
....
....
9
..
•
STATE AND CITY
Penna.
do
do
.do
do
do
BONDS.
5s, g’d, lnt.,reg. or cp
5s, cur.,reg
5s, new. reg.,
6s, 10-15, reg., li77-’82.
6s, 15-25, reg., l882-’92 106
6s, In. Plane,
Philadelphia, 5s reg
....
reg.,13 *9
6s, old, reg
do
do 6s,n.,rg., prior
do 6s,n.,rg., 1895 A
.
to’9n
....
str.imp.,reg.,’83-86.
Jersey 6s, reg. and coup...
do 78,
N.
do
exempt, rg. & coup.
Camden County 6s, coup
Camden City 6a, coupon
do
7s, reg. & coup.
121
...
95
117
108
...
....
4“ *
Bid. Ask.
BXOURITTXS.
Phil. * R. cons.m.6s,g.i.l911.
do conv. 7s, 1393*
do
7s, coup, off,’98
Phil.* K.Coal*Iron aeb.7s,»2
do
deb. 7s. cps.ofi
do mort., 7s, 1892-3
Phila. Wllm. * Balt. 6s, ’84....
Pitts.Cin.&St. L. 7s, cou.,lSGCdo
do
7b, reg., 19i
Shamokin V.& Pottsv.7s, 1901
Steubenv. * Ind. 1st, 6s. 1884.
Stony Creek 1st m. 7s 1907....
Sunb. Haz. & W.,lst m..58,*23.
Union * Titusv. 1st m. 7s. ’90.
United N.J. cons. m. 6s,’94..
Warren & F. 1st m.7s, ’96
West Cheater cons. 7s, *91
West Jersey 6s, deb.,coup.,’SC
do
1st m. 6s, cp., ’96.
do
1st m. 7s. ’99
Western Penn. RR. f>s,cp.:899
do
6s P. B.,’96.
do
2d m. 6s, reg., 1901
do 68, boat&car,rg.,1913
do 7s, boat*car.rg.,l9.5
*
4
Susquehanna 6s, coup.. ;9.8 .*
RAILROAD STOCKS.t
Camden A Atlantic.....
Maryland 6s, defenee, J.& J..
32
16
do
pref
do
new pref
Delaware & Bound Brook....
East Pennsylvania
•
•
•
....
Little
7....
lilnehlll
Nesquehonlng Valley
Norristown.... ....
North Pennsylvania
Pennsylvania.....
Philadelphia* Erie
Titusy. & Buff
50
100
51Y
12%
15%
52%
52
57
54
102
•
Pniladelphia & Reading
Philadelphia & Trenton
Phila.Wllmtng. & Baltimore.
Pittsburg
15%
pref.
Schuylkill
57%
58
102%
519*
51% 51%
17% 18
33)$ 33%
•
,
,
'20% *21*
35
Paul & Duiutb R.R. Com
do
do pref. 09
157% 160
United N. J. Companies
West Chester consol, pref....
S3
!!!
West Jersey
St.
CANAL STOCKS.
Delaware Division
Lehigh Navigation
40
.
37^
37%
pref...
15%
10%
Morns
do
pref
do
9
Susquehanna
••
RAILROAD BONDS.
117%
Allegheny
Val.,7 3-10s,1898... 105
6
do ’
7s, E. ext., 1910
Inc. 7s, end.,’94
43% 44
do
Belvidere Dela. 1st m., 6s,1902. 108
2dm. 6s. ’8.5.. 106
do
102
do
3d m. 6s, ’97.. LU1
Camden &Amboy 6s,coup,’83 103%
do
6s, coup., ’89 105%
112
mort. 6s, ’89
do
Cam. & Atl. 1st in. 7s. g.,1'93 120
Cam. * Burlington C). 6s,’91
CatawlSBa 1st,7s, conv., V2..
do
chat, m., 10s, ’88 ..
!12
112%
do
new 7s 1900
Connecting 6s, 1900-1904....._
Chartlers Val., 1st m. 7s,C.,190.
Delaware mort., 6s, various..
117
Del & Bound Br., 1st, 7s. 1905 110
East Penn. 1st mort. 7s, ’88 .
E1.&
W’msport, 1st in.,7s, ’80. 108
do
110
5s,perp
Harrisburg 1st more 6s, ’83
B.-T. 1st m. 7s, gold, ’90.111?
do
2d m. 78, gold, ’95. 104
3dm.conB.78,’95*. 74
Ithaca* Athens 1st g d, ?s.,’90
Junction 1st mort. 6s ’82
do
2d mort. 6s, 19-JO ...
Lehigh Valley, lst.6s,cp., 1838 117
do
do
do
do
ao
do
do
do
Norfolk
75
84
52
68,exempt,’9S;M.*S
0s, 1900, Q—J
68, 1902, J. *
5h, 19*6, new
water, 8s.
J
RAILROAD STOCKS.
Par.
Balt.* Ohio,
ICO 154%
116%
r o
1st prtf
100
do
2d prtf
150
do 1 Wash. Branch. 100
do
Parkersb’g Br..50
Northern Central..
50
Western Maryland
....50
in
50 38%
49
Central Ohio
Pittsburg & Connellsvtlle..50
RAILROAD BONDS.
Balt. & Ohio 6s, 1880, J.&J....
do
6s, 1885, A.&O. .
N. W. Va. 8d m.,guar.,’85,J*J
Pltt8b.& Connell8V.7s,’£8,J&J
Northern Central 6s, ’85, «»*J
do
6s, 1900. A.*0.
do 6s, gld, 1900, J.&J.
Cen. Ohio 6s, 1st m.,’90,M.& S.
W. Md. 6s, 1st m., gr.,’90,J.*J.
do
1st m., 1890, J. & J...
do
2dm.,guar., J.&J —
2d m., pref
do
do 2d m.,gr. by W.Co.J&J
do 6s, 3d in., guar., J.& J.
Mar. & Cln. 7s, ’92, F. & A ...
do
2d, M. &N
do
8s, 8d, J.&J
Union RR. 1st, guar., J. & J..
do
Camon endorsed.
7s,cp., ’96.
‘75
Oil Creek ist m.7s, coup.,’81. 100
rlttsb. Tltusv. * B.,7s, cp.,’96
Pa.* N.Y .C. & KR. 7s, • 896 .... m
Pennsylv., 1st m., 6s, cp., ’80..
do
gen. m. 6s, cp.,1910.
do
gen. m. 6s, rg., 1910.
do
cons.m. 6s rg., 1905.
do
cons. in. 6s. cp., 1905.
do
Navy Yard 6s, rg,’81
Penn. Co ,6s. reg..'.
Perkiomen 1st m.6s,coup.,’9i
Phila. & Erie 1st m.6s, cp.,’8l.
do
2d jq. 7s, cp.,’38.
Phila. & Read. 1st in. 6s, ’43-M4
do
do
’48-.49,
do
2d m.,7s, cp..9
do
deben., cp., ’$3*
do
do
cps. oL.
do
scrip, 1882
do
In.rn.7s, cp,18£6
do cons. m. 7s, cp..l9i!..
do cons. m. 7s, rg.,I91l..
^
•
In defau’t. $ Per share.
6 Cou. to Jan., ’77 funded.
iC9%
110
gen. m. 7s, cp., 1903. 110
gen. m. 7s, reg., 1903 116
CINCINNATI,
117%
103
83
102
115
117%
112*
112%
ibs
115
102
87
195
ao
do
2dm. 7s,’84.+
3d m. 7s, ’88+
do
1st m. 68,190.)
Ind. Cln. * Laf. 1st m. 7s...
do
(I.*C.) 1st m. 7s,’88+
Little Miami 6s, *83
+
Uin. Ham. * Dayton stock...
Columbus * Xenia stock
1100
105
102
70
p.c.
Little Miami stock
st’k, guar
LOUISVILLE.
Louisville 7s
do
6s,’82 to’87
do
6s, ’97 to ’93
+
do
water 6s,’87 to ’89.1
do
water stock 6s,’97.1
do
wharf 6s
..1
do
spec’l tax 6s of ’89.1
Louisville Water 6s, Co. 1907 +
Jeff. M.*I.lstm. (i*M) 7b,’8lt
do
2dm., 7s
1
do
1st m.,7s, 1906, ...1
Louisv.C.&Lex. 1st m.7s,’97t
Louis.* Fr’k.,Louisv.ln,68,’8
Leb. Br. 6s. ’86
1
1st in. Leb. Br. Ex.,7s,’80-85.1
Lou. In.
do
6s, ’33.. .1
Jefferson Mad. * Ind. stock.
LOUIS,
’
50
51
119
120
103
103
103
103
103
103
103
103
100
104
103
103
103
103
1
St. Louis 6s, long
t 1
do
water 6s, gold
f 107
do
do
do
new.f
do
bridge appr., g. 6s 1 106%
do
renewal, gold, 6s.t 1ioe%
ao
sewer, g. 6s, ’9i-2-3.t
St. Loals Co. new park,g.tfs.t 108;
do
cur. 18.. .......f
+ And Interest.
71
122% 125
Dayton * Michigan stock.... 115
do
8.
ST.
54%
106
Co., O., 6s. long...f 103
7s, 1 to 5 yrs..t 107
110
do
7 & 7’30s,iong.t
130
Cln.A Cov. Bridge st’k, pref,
Cln. Ham. & D. 1st m. 7s, ’80+ R0%
2d m.* 7s) ’851 }02
do
101
Cln. Ham. & Ind., 7s, guar....
105%
Cln. & Indiana 1st m. 7s
+
do
2dm. 7s,’77. +
Colum. & Xenia, 1st m. 7s. ’90
m
Dayton & Mich. 1st m. 7s, *81+
Hamilton
Louisv. & Nashville—
103
115
114
105
Cincinnati 6s, long
t 107 103
do
7s
t
do
7’30s..^.
t 117%
119
120
do
South. RR. 7’30s.t
106
107
do
do
6s, gold t
Daytoii & West. 1stm., ’81...+
do
1st m., 1905.1
do
do reg., 1893... 110%
120
do 21 m. 7s, reg., 1910.. 125
do
con. m., 6s,rg.,1923 111%
do
6s,« p.JDiSaiO^ 112%
do
m.
'si*
6s, 1890, quarterly...
68, park, 1390,Q.—M.
6s, 1893, M.*S
do
do
h“&
2d
90
-
Chesapeake & Delaware
Pennsylvania...
Schuylkill Navigation
108
103
do
6s, exempt, 1887
do
6s, 1890, quarterly..
do
5s, quarterly
Baltimore 6s, iSSl, quart.....
do
6s, .886, J.& J
,
Williamsport....... 33
do
do
pref..
Har. P. Mt. Joy & Lancaster.
Huntingdon* Broad Top... ~12
do
*34%
•
....
Elmira A
do
110
115
103
BALTIMORE.
pref
Lehigh Valley...
101%
118
Lehigh Navlga.m.,6s, re#.,’84 107%
do
mort. RR., rg ,’91 109%
de m. conv. g., i>g.,'94 105% 106%
do mort. gold,’97.... 104% 105
102%
do cons. m.7s,rg.,19i: 102
Morris, boat loan, reg., 1885..
80%
Pennsylvania 6s, coup., ’.910..
Schuylk. Nav.lst rn.6s.rg.,’97.
6s. coupon..
Harrisburg City 6s, coupon..
do
do
Catawissa,....
81
CANAL BONDS.
Chesap. & Dela. 1st 6s, rg.,’8€
Delaware Division 6s, cp.,s8.
....
Delaware
92
Sunbury * Erie lstm.7s, ’97..
Syra.Gen.* CornV.lst.Ts.lW'O
Texas * Fac. 1st m ,6s, g.,1905 106%
do
cons. m.,6s,g.,1905
do
inc.&l. gr.,7s 1915
*
over 121
Allegheny County 5s,Coup...
Allegheny City 7s, reg.
Pittsburg 4s,coup., 1913.....
do
5s, reg. & cp., 1913. 94
do
6s, gold .reg... ...
do
7s, w t’r ln,rg.&cr>. 110%
do
do
i09%
32%
PHILADELPHIA.
Little Schuylkill, 1st m. 7s,V2 ....
XT/-vPann
North.
m.6s, cp., ’KfL
85. 109
Penn. 1st in.p.n.
stocks.
122% 124
10«
City Top. & W., 7s, 1st
do
do
7s, Inc..
K. City Lawrence & So. 4s...
Kan. City. St. Jo.&C. B. »s.
Kan. tty St. .Jo. AO. B. In.
Little R’k & Ft. Smith, 7b, 1st
Few York* New Eng. 7s....
Ogdens burg A Lake Ch. 8s...
•
122%
'50%
Kan.
....
Bid. Ask.
8KOURITIK8.
52
99
133
82
77
145
115
53
100
135
11194 112
Old Colony
Portland 8aco A Portsmouth 106
121
Pullma i Palace Car
Pueblo A Arkansas
85% 35*X
Rutland, preferred
119
118
Vermont A Massachusetts..
59
56
Worcester A Nashua
Philadelphia banks
11,445,171
1*13%
,
560,200
4.217.400
3.760.800
2.274.900
3.401.800
341.700
155,000
256.700
138,000
.286,000
1.326.100
I
495,000
2.383.600
11,560,000
11.383.400
327.000
104.800
1.329.900
2.193.000
2.882.200
750,000
289.100
f
10,490,000
4.842.100
5.974.400
5.903.100
4.103.300
5.421.900
2,617,000
6.627.400
2,045,000
1.224.200
12,588,900
$
553,000
100.200
1.351.800
250,000
200,000
Germ’n Americ’n
Chase National..
436.500
594,000
5.562.500
3.605.700
1.362.300
2.154.400
500,000
N, York County..
474,100
2,423,000
4,269,600
704.700
545.400
2.307.500
3,000.000
600,000
1,000,000
500,000
500,000
500,000
1,000,000
1,000,000
800,000
400,000
1,500,000
2,000,000
Bowery National
Total
89.600
14,874.500
5.595.200
3.930.300
412,500
700,000
1,000,000
Bkg. Ass’n
North River
958.400
3.172.300
14,556,000
450,000
People’s
2.894.200
88,000
16,400
357.400
851,000
980.800
422,700
1,500,000
Republic
Park
Mech.
10,050.000 2,722,000
823.400
6.596.300
7.113.900 1.288.900
1,126,000
7,153,000
4.713.700 1.144.100
857.300
8.356.300
370,000
3,436,000
6.527.200 1,854,000
400.600
3.119.700
859.400
1.597.400
12,342,200 3,007,500
3,700,100
616,100
403.600
4.174.600
305.900
1.363.300
.
pref
do
New York
Manhattan Co...
Merchants
Mechanics’
Union
America
Phoenix
Btc.-Continued.
103%
109%
100
106%
188
THE CHRONICLE
QUOTATIONS
U. S. Bonds and active Railroad Stocks
are
OF STOCKS AND
quoted
'previous
on a
,
Ask,
Bid.
8ECTCrRITIES.
64
02
62%
...
«-
m
7s 1890.
MissourL-ks, due 1882 or ’83
0s, due 1889
114
109%
War loan
1891
RAILROAD
do
do
pref.
Long Island
104
106
§50
06"
§25%
120
§41%
110%
»
Louisv. N. Alb. A
....
§34“
Ohio Central
Ohio & Mississippi pref
Peoria Decatur A Evansv..
Pitts. Ft. W. A Chic., guar,
do
•
•
do
spec’l.
Rensselaer & Saratoga
Rome Watertown & Ogd...
110
124
125%
156%
157
113
72-%
47%
27
§80%
§23%
117
....
117%
§119”
§31
....
Sfconington
Terre Haute &
Toledo Peoria A Warsaw
United N, J. RR. A Canal
Express
American Express
United States Express
Wells, Fargo A Co
American Coal
Boston Land Company
Boston Water Power
Canton Co., Baltimore
Caribou Consol. Mining
Central Arizona Mining....
Central N. J.Land Imp
Climax
Mining
Consolidation Coal of Md..
Cumberland Coal & Iron....
Deadwood Mining
Excelsior Mining
Gold A Stock Telegraph....
Homestake Mining
La Platta Mining
Leadville Mining
Little Pittsburg Mining ...
Mariposa L’d & Mining Co..
do
do
Maryland Coal
pref.
Montauk Gas Coal
Ontario Silver Mining
107% 108
56% 56%
479-4
102% 103’
§17%
58*> ‘G1
40
Long Dock bonds
Buff. N.Y.A E, 1st m., 1916
N.Y.L.E.AW.,n.2d,con.,0s
do 1st, con., f, cp.,7s
do 2d,con.,f.cp.t5s,6s
§20‘1
§21
§37
§0%
Han. & St. Jos.—8s, conv...
Hous.A Tex. C.—1st, m.l.,7s
ist mort., West. Div., 7s..
1st mort., Waco & N., 7s«
2d C., Main line, 8s
2d Waco & N., 8s
Inc. and ind’y, 7s
§20%
4
4%
22
§59-%
111.Cent.—Dub.ASioux C.lst
Dub. & Sioux C., 2d div...
Cedar F. A Minn., 1st m..i
Ind. Bl’m & W.—1st, pref. 7s
1st mort., 7s, 1900
2d mort., 1909
Ind’s Decatur A Sp’d 1st 7s
Int. & Gt. North. 1st 6s,glcl.
Lake Shore—
Mich S. & N. Ind., s. f., 7s.
Cleve. & Tol., sink. fund..
do
new bonds.
Cleve. P’ville & Ash., 7s
Buffalo & Erie, new bds...
Buffalo & State Line, 7s..
Kal’zoo & W. Pigeon, 1st.
Railroad Bonds.
Minn.A St. L., 1st, 7s, guar
Iowa City A West’n,lst7s
Chesap.& O.—Pur. m’y fund
8s, gold, series B, int. def.
6s, currency, int. deferred
Chicago A Alton—1st mort
idi*
Mi88.Riv.Bridge,lst,s.f,6s
50%
90%
110
do
do
ids’
107%
108“
100
112%
cons,
cons.
coup., 2d.
reg.. 2d ..
do
do
assented.
assented
Adjustment, 1903
Lehigh A W. B., con., g’d..
do
assent’d
Am. Dock & Impr. bonds,
do
assented
107“ 107%
mnrfim.m
Prices nommui.
in
;
119% 121%
88%
111%
109-%
4.
107%
113
108
109
114%
100
107
"
109
103% idi"
114
115
63*
102
101
74%
102%
101
1101
109
111
110
109%
116
119
105
105“
110% 118'
110% 118
107
109
Si*
113
s.
2d consolidated
lot.
+ Am. accrued interest.
rliTT
rn
4 No price
f’d
•
93
Registered. 8s
Collateral Trust, 0s
102%
119%
90
74
Cin. Lafayette A Ch.—1st m
Cin.A Spr.—lst,C.C.C.AI.,7s
1st m., g’d L. 8. A M. S., 7s.
Denver Pac.—1st,7s,Id. gr.,g
Erie A Pittsburg—1st m., 7s
Con. mortgage, 7s
75
75
....
Gr’nd R.AInd.—lst.7s,l.g.gu
1st, 7s, Id. gr., not guar...
Gr’nd R.A I.—1st, ex l.gr.,7s
.
T
m.
do
do
do 2d
do
Phil.A Read.—Cons.
T
Hous.A Gt.N.—Ist,7s,g.l900
Indianapolis A St.L.—1st, 7s
T
Indianap.A Vine.—1st,7s, gr
International (Tex.)—1st, 7s
Int.H. A Gt. No.—Conv., 8s.
Kansas A Nebraska—1st
2d mort.
128
127
4123%
Cleve. A Pitts., consol., s.f.
do
4th mort...
Col. Chic. A I. C., Istcon..
do
2d con...
do 1st Tr’t Co.ctfs.ass.
f
•
•
•
121
119
122
108%
112
•
do
2d
N. J. Midland—1st, 7s, gold.
2d mort
New Jersey So.—1st, 7s. new
St. Joseph A Pacific—1st m
2d mortgage
St. Jo. A Western stock
....
90'
90%
suppl.
....
ass.
coup.Os
Registered 0s, 1911.
Coupon 7s, 1911
Registered 7s, 1911
48*1*"
481
481
481
Improvem’t, coup., 6s, ’99
General, coup., 6s, 1908...
do
do
7s. 1908.
Inc. mort., coup., 7s, 1896.
Deb. mort., coup., 0s, 1893
Deb. mort., conv., 7s, 1898
Rome Wat. A Og.—Con. 1st.
St. L. A Iron Mount’n—1st m
2d mortgage
Arkansas Br., 1st mort ..
Cairo A Fulton, 1st mort
Cairo Ark. A T., 1st mort.
St. L. Alton A T. H.—1st m.
2d mortgage, pref....
do
income.
Belleville A So. Ill.. 1st m.
St. P.A Sioux C.—1st 0s.1919
St. P. M. A Manit’a—1st, 7s.
2d mort., 6s, 1909
T.ol. Peo. A W—1st m., E.D.
1st mortgage, W. D...
Burlington Div
2d mortgage, 1880
Consol. 7s, 1910
Pur. Com. rec’pts, 1st,E.D
do
1st, W. D.
do
Bur. Div.
1st pref. inc. for 2d mort.
1st inc, for consol
....
....
....
88%
....
90“
...
73%
73%
113%
103% 104%
105%
'
100
t
100
114
59
12
62
95
110
01
14
06
97
85
•
•
•
•
97%
107
91
105
107
95
108
110
100
103
85
101
105
90
103
100
83
22
91
90
HO
85
24
97
108% 110%
99
80
102
75
105
103
42
82
55
106
03
104
90
80
110
85
57
111
60
24%
Tol. Can. S.A Det.—1st, 7s, g
Union A Logansport—7s
U. Pac.—South Branch
83
90
60
37%
«
»
97
97
....
84
29
27%
100
95
7s (pink)....
20%
82
80
St.L.A S.E.—Cons., 7s, g.,’94
St.L.VandaliaA T.H.—1st m *108
2d mortgage, guar....
+90
South Side (L. 1.)—1st mort
96%
South Minn.—1st m., 7s, ’88. 105
1st mortgage,
Extension
104%
11*6
95
65
-89
90
110
95
98
104
'Mt
.
.
70
101
100
....
.
.
,
.
101%
111%
101%
91
108
103
10s
102
(Brokers' Quotations.)
71
85
N. Carolina.—New 4s...
92
.
*
.
•
....
95
Southern Securities.
STATES.
....
'
108%
110
25
Rejected (best sort)..
Texas—0s, 1892
.M.AS. + 103
+ 111
7s, gold, 1892-1910 J.A J
7s, gold, 1904
J.A J H12
10s, pension, 1894.. .J.A J. +99
..
95%
40
Virginiar-New 10-40s...
75
97
40
105
112
113
101
41
....
465“
Past-due Coupons.—
128%
Tennesssee State coupon?
South Carolina consol
128
Virginia
...
99% 100
....
.
....
...
Col.Chic.AInd.C.,inc.7s,1890
Ind’s Bl. A W’n—Inc., 1919..
■Ind’s Dec. A Sp’d, 2d Inc...
latest quotations made this week.
106
105
....
102
108%
105
...
-
105
lio"
*
.
*
•
•
95
•
•
....
v
coupons
consol, coupons...
A la. AChat.—Rec’rsctfs,var
Atlantic A Gulf—Consol—
Cent. Georgia—Cons, m., 7s
Stock
Charl’te Col.A A.—Cons., 7s
2d mortgage, 7s
East Tenn. A Georgia—6s..
E.Tenn.A Va.—6s,end.Tenn
E. Tenn. Va. A Ga.—1st, 7s.
Stock
Georgia RR.—7s
:
6s
Stock
Greenville A Col.—7s, 1st m.
7s, guar
Macon A Aug.—2d, endors.
Mem phis A Cna’ston—1st,7s
2d, 7s
Mississippi Cent—1stm.,7s
2d mort., 8s
Miss. A Tenn.—1st m., 8s, A
88
90
1st mortgage, 8s, B
'75
7S
N. O. A Jacks.—1st m., 8a...
44%
Certificate, 2d mort., 8s...
62
Norfolk A Petersb.—1st, 8s.
1st mortgage, 7s
74% 76
2d mortgage, 8s
77% 77%
75
73
Northeast., S. C—1st m., 8s.
08
2d mortgage, 8s
07
70
Rich.A Dan—1st consol.,6s
Southw. Ga.—Conv., 7s, ’86.
75% 76
•
•
•
•
,
r
,
-f-
-
....
95
49
40
89
70
50%
58
5ft
57U
t
1
10
40
20
25
75
80
50
105
111
100
104
95
97
100
110
58
110
102
100
95
70
98
100
93
102
104
117
95
112
113
115
108
115
115
102
100
107
95
103
60
30
112
100
110
113
105
RAILROADS.
....
108
2d mortgage ext., ex coup
do
05“
461 “
404
Wabash Rli.^Mtg.7s of ’79
T.AWab., 1st ext.7s,
1st St. L. div.7s,ex mat.cp
m.
Long Island—1st mortgage.
N.Y.AGreenw. L.—1st,7s, n.
....
91
.....
Consolidated 8s
Stock
Galv. Hous.A H.—7s, gld,’71
....
113%'113%,
are
7s, equipment
Evansv. A Crawfordsv. -7s.
Flint A Pere M.—8s, I’d gr’t
.
m.
97
75
;
Chic. St.P.A M’polis—1 st.Cs
Landgrant Income, 6s....
Chic.A Southwest.—7s, guar
...
2d
3d
31%
8%
..
Income bonds
106
105%
108
3-0s. class B.
do
do
35
33
St.L.I.M.AS.—1st 7s,prf.int.
2d int., 6s, accum’lative
Chic.ACan.So.—1st m.,g.,7s
Chic. A E. 111.—S.F.c’y,1907
Kansas Pac.~
*
1st m., 6s, ’95, with cp.ctfs
119%
117
1st m., 6s,’90,
H7%
do
1st m..7s.Leav.br. do
4110
1st m.7s,R.AL.G.D’d, do
.* V *
1st n>.,?8,land gr’t, 80.do
135“
2d mort., 7s, ’80
113
do
Inc. coup. No. 11 on 1910
85"
81
Inc. coup. No. 10 on 1916
Den. Div. 6s ass. cp.ctf... 109% 110
do
1st consol. 0s
97% 97%
Texas A Pac.—1st, 6s, 1905
100
100
Consol. 0s. 1905...
Income and land gr’t, reg.
75% 70
do
do
33
25
25
25
75
51
06%
ex cp.
Bost. A N. Y. Air-L—1st m.
Cent, of la.—1st m., 7s, gold
2d
Stock
Income, 7s
do
37
(Brokers' Quotations.)
118
St.L. A S.F., 2d Os.class A,
do
3-0s, class C,
36%
Miscellaneous List.
ISF 113%
119
m
6
* "
Small
....
RAILROADS.
grants, 7s
Sinking fund
Int. & Gt. Northern—2d Inc
lien. A Wilkes B.Coal-1888
Lake Erie A W’n—Inc.7s,’99
Laf. Bl.A Mun.—Inc. 7,1899
MobileA O.—1st pref. deben
2d pref. debentures
3d
do
112%: 112%
112 1112%
4th
do
112
112% N.Y.LakeE.AW.Inc. 6s. 1977
Ohio Central—Inc., 1920....
1 85
1 Ppnrin +>«/» & TfVjUp—ln/vj.
81
tv-day; these
•
112
income uonds.
103%
,N. Y. Elevated—1st, 7s, 1900
•
Atcli.AP.P’k—0s,gld,
106
100%
113
105
108
•
108
Land
Pacific RR. of Mo.—1st
2d mortgage
S
105
Central of N. J.-1908
Chic.St.L. AN.O.—2d m._1907
110% 110%
105% 105%
104
;Ohio A Miss.—Consol,
Consolidated
'
grant bonds
Non-fundable
Registered
115"
109
115
98
103% 103%
119% 120
109
109%
110
*
•
112%
.
97%
108% 110
2d mortgage, inc., 1911
*
•
93%
Western Pacific bonds..
South. Pac.of Cal.—1st m.
Union Pacific—1st mort.
63, Act Mar. 23, 1809.)
....
104%
40
Equipment bonds, 7s, 1883
Consol, conv., 7s
Gt. Western, 1st m., ex cp 107%
do 2d m.,7s,’93,ex cp 104
Q. A Tol., 1st, 7s, ’90,ex cp. 100
111.A So. Ia., 1st m.7s,ex cp
Hannibal A Naples, 1st 7s
St.L. K.C-A N.R. E.A R.,7s 109%
Jlmaha Div., 1st mort., 7s
111
Clarinda b.. 0s, 1919
St.Chas.B’dge,lst, 7s, 1908 106%
North Missouri. 1st in., 7s
115%
West. Un. Tel—1900, coup. 115
115
1900, registered
Spring.V’y W.Works—1st 6s 102
Oregon R. A Nav.—1st, 0s..
94%
122
N. Y. C. A Hud., 1st m., cp.
125% 120
do
1st in., reg.
125% 120
Iluds. R., 7s, 2d m., s.f.,’85 4109
Canada South., 1st, int. g.
92% 92%
Harlem, 1st m., 7s, coup.. 120 i
do
1st m., 7s, reg
VZ5% 127
114%;
109%
12 i
105%
6s, 1887
6s, real estate
6s, subscription
iH ^
113
110
108%
103% 101%
111% 112
121% 122
119
H. A Cent. Mo., 1st., 1890.
Mobile A Ohio—New m., 6s.
Nash. Chat. A St. L.—1st 7s.
N. Y. Central—6s, 1883
^....1107%
no
V,00
108
2d mort.,7s, gold
Cecilian Branch, 7s
Nashv. & Decatur, 1st, 7s.
L. Erie & West.—1st 0s, 1919
Laf. B1. & Mun.—1st 6s. 1919
Marietta & Cin.—1st mort..
1st mort., sterling.
.
107%i 107%
Cbic.Mil.A St.P.—1st,8s,P.D 124%
2d mort., 7 3-10, P. D
112%
1st m., 7s, $ gold, R. D
114
1st m., La C. Div
:ii3
ist m., I. A M
112%
1 st m., I. & D
4109
1st m., H. A I)
1st m., C. A M
114
Con. sinking fund
119
104% 104%
122
123%
Louisv.&Nash.—Cons.m.,7s
Chic. Bur. & Q.—8 p.c., 1st m 109% 109%
Consol, mort., 7s
120%; 122' Metropolit’n Elev—1st,1908
5s, sinking fund
;
Mich. Cent.—Cons., 7s, 1902
hie. Rk. I.A P.—0s, cp.,1917 116%
1st mort., 8s, 1882, s. f
0s, 1917, registered
;110%
Equipment bonds
Keok.& Des M., 1st, g., 5s.
97
6s 1909
Ceptral of N. J.—1st in., ’90. 110% 117
Mo.K.A T.—Con s .ass.. 1904-6
1st consolidated
Convertible
111% 113%
4125
Det.Mon.& T., 1st, 7s.’1900 114
Lake Shore Div. bonds... 4118%
124
do
122
cons, coup., 1st
do
122
cons, reg., 1st.,
70% 70%
45% 45%
Income.
Sinking fund
Joliet & Chicago, 1st m..
Louis’a A Mo., 1st in., guar
do
2d 7s, 1900.
St. L. Jack. & Chic.. 1st m.
1st con., guar
2d mortg., ext’n 5s, 1919.*
3d mortgage, 7s, 1883
4th mortgage, 7s, 1880 ....
5th mortgage, 7s. 1S88 ....
1st cons, gold 7s, 1920
10%
§3%
22%
109
50
451
2d mort..
3d mort..
Rens.A Saratoga, 1st,coup
do
1st, reg
Denv.& R. Grande— 1st, 1900
Erie—1st mort., extended..
mk
Oregon Railway A Nav. Co. §112
Pennsylvania Coal
190
210
Pullman Palace Car
§120%
Quicksilver
20%
do
60
63
pref
Spring Mountain Coal
Standard Cons. Gold Mining §31%
Stock Exchange Prices.
Balt. & O—1st 0s,Prk.b.l919
Boat. H. & Erie—1st m.
1st mort., guar
Bur. Ced.R. A North.—1st,5s
do
do
do
60
37%
Land
IT4
....
92%
”
Rhode Island—6s,coup.’93-9
South Carolina-
Ask.
BONDS.
0s, 1920.
extended.
(108%
Coup., 7s,’94 111%%12
Reg. 7s, ’94. 110
div., coup., 7s. 1917 116 117
reg., 7s, 1917. 4116
Pennsylvania RR—
Albany & Susqueh., 1st m. 115% 117'
Pitts.Ft.W.A Chic., 1st m
109
155% 158%
§3%
10%
..
4....
do
do
do
1st Pa.
do
Miscellaneous St’ks.
Adams
,...|105
107%)
Del.& Hud.Canal—1st m.,’84
1st mortgage, 1891
Indianapolis
•
♦
102% 103%
119
114
127
112
116
Syr. Bii gh. & N. Y., 1st, 7s
Morris A Essex, 1st m
117
2d mort...
do
do
bonds, 1900 4100
100
construct’n
do
113
do
7s of 1871.
do
1st con., g’d.
108% 109
....
m.,
104%
7s, convertible
Mortgage 7s, 1907..;
72%
AND
STOCKS
Pacific Railroads—
Central Pacific—Gold bds
108
108%
110%
Peninsula, 1st m., conv...
114
Chic. A Mil., 1st
108
Winona & St. P., 1st m. ..
do
2d m.... ill's”
US
12C"
C. C. C. & Ind’s—1st, 7s;s. f.
4109
Consol, mortgage
109%
C. St.L. A N. O.- Ten. lien 7s
1st con. 7s
108% 112 ’
Dei. Lack. & West.—2d m..
104%
....
44
•
102
109
6s, 1880
»
San Joaquin Branch.... 100%
Cal. A Oregon, 1st
105%
State Aid bonds
4104%
>2-ti'
§41%
47%
90
116%
U07% 108“
Sinking fund
Chicago.. §l66“
Metropolitan Elevated
101%
*
4%
4%
Ohio—0s, 1881
*
Bid.
Tennessee—0s, old
6s, new
6s, new series
Virgina—0s, old
6s, new, 1860
6s, new, 1807
6s, consol, bonds
6s, ex matured coupon
0s, consol., 2d series
5%
0s, deferred
D. of Columbia—3'05s, 1924.
4
5
class 2
class 3
Cent., 1st
*
Securities.
29%
10%
Special taj(, class 1
Ohio
*
16%
10%
110% Peoria Dec. A E’ville, 1st 6s
Iowa Midland, 1st m., 8s..
Galena A Chicago, exten. 410
....
162%
1808
do
do
..."
SO
New bonds, J. A J
do
A.AO
Chatham RR
MISCELLANEOUS
Registered gold bonds.
7 6’
•
N. Y. Elevated
N. Y. New Haven & Hartf.
N. Y. Ontario A Western...
do
do
pref.
AND
coup,
coup,
do
.
110
110
28
28
off, J. A J.
off, A.AO.
Funding act, 1860
....
Chic. M.ASt.P.—Continued
1st m., 7s, I. & D. Ext
S.-west div., 1st 0s, 1909.,
101%
1st 5s, LaC. A Dav., 1910. 489
Chic. A Northw.—Sink, f’d.. 108%
4107
Int. bonds
Consol, bonds
122%
Extension bonds
1st mortgage —
108}116%
Coupon gold bonds
Railroad Stocks.
(Active previously quoted.)
Albany A Susquehanna....
Boston A N. Y. Air L., pref.
Burl. Cedar Rapids & No...
Cedar Falls A Minnesota...
Ohicago A Alton, pref.->....
Chic. St. Louis A N. O
Clev. & Pittsburg, guar
Dubuque & Sioux City
Frankfort A Kokomo
Harlem
Ind. Bloom. & Western
lntern’l & (it. Northern....
Keokuk & Des Moines
100
100
100
116
York—0s, gold, reg.,’87
0s, gold, coup., 1887
0s, loan, 1883
do
#
Ask.
110
110
90
90
10
A.A O
do
do
do
....
109%
105% 100%
105%
1887..
do
.
.
•
....
New
6s.
•
...
108
109
’90
or
loan, 1892
0s, loan, 1893
Bid.
,
Illinois—6s,coupon, 1879...
•
.
106“
do
112
100
100
J
New York—0s,
47% North Carolina—6s, old.JAJ
0s, Old, A.A O
No. Car. ItR., J. AJ
....
Asylum or Univ., due ’92.
Funding, 1894-95
Hannibal A St. Jo., 1880..
SECURITIES.
...1
..
he,
par may
m
BONDS.
Ask.
....
6s, due 1886
6s, due 1887
0s, due 1888
105
Georgia—6s
7s, new
7s, endorsed
7s, gold
Kentucky—0s
Louisiana—7b, consolidated
100
48
44
103
112
Michigan—0s, 1883
Arkansas—6s, funded
7s, L. Rock A Ft. Scott iss
7s, Memp. &.L. Rock RR.
7s, L. RP.B. & N. O. RR,
7s, Miss. O. & R. I* RR...
7s, Arkansas Central RR.
Connecticut—0s...
Bid.
7s, small
74'
73
SECURITIES.
.
1
Alabama—Class A,2 to 5
Class A, 2 to 5, small
Class B, 5s
Class C, 2 to 5
9/1
NEW YORK.-
_
STATE
.
IN
Prices represent the per cent value, whatever the
page.
^
„
BONDS
[Vol. XXX
Stock
S. Carolina RR.—1st m., 7s.
,'7s, 1902, non-enjoined
Non-mortg. bonds
West Ala.—1st mort., 8s—
2d mnrt... 8<?. ennr
9 No quotation to-day;
'
1 ’2
100
102
103
112
65
119
106
105
80
105
102
95
105
107
120
100
113
113
*
*
t
102
110
/
100
03
33
114
114
latest sale this week
,
189
THE CHRONICLE.
21, 1880.]
February
NEW YORK
SECURITIES.-.
LOCAL
Insurance Stock List,
Bank Stock List.
Capital.
Companies.
latest
dates. §
[Quotations by E. S. Bailey, Broker,7
Pstoe.
Dividends.
Surplus
tit*
Mark’d thus (*)
are not Nat'’I.
Par
Amount
Last Paid.
Period 1878. 1879.
to Jan., ’80.
Nov, ’19.
Jan., ’80.
Jan., ’80.
Jan., ’80.
JaD., 80.
8
0
11
10
J. & J.
3,000,000 1,412,100
5,000,000 1,288,*90 M.&N.
250,000 190,300 J. & J.
0
10
10
0
7
3
0
100
0
1,000,000 1.215.100 J. & J.
83.KOO J & d
300,000
7
2,000,000 380 80 i J. & J.
60,000
300,000
0
140.400
J.
&
J.
450,000
300,000 3,201,000 01-m’ly 100
0
158.400 J. & J.
600.000
10
1,000,000 1,441.300 M.&N
^
8
,000,000 2 826.000 i. & J.
1,000,000 146,300 r. & J.
1,000,000 830,100 F.&A. 10
.
.
.
.
.
Feb.
....
..
..
-
250,000
100,000
150,000
.
•
6
..
..
Nassau*
New Ycr*
N. Y. Countv..
N. Y. N. Exch.
Ninth
No. America*..
North River*.
Oriental4
Pacific*
Park
100,3,000.000
100
100.000
ioo! 1,000,000
100 2,000,000
100
200,000
100
300,000
100
75(0,000
70
700,000
30
240,000
25
300,000
50
422,700
100 2,000,000
People’s*
25
412,500
Phenlx
20 1,000,000
Produce*
50
125,0i 0
Republic
100 1,500,000
St. Nicholas... 100
500,000
8eventh *ard. 100
300,000
Second
100
300,000
Shoe & Leather 100
500,000
Sixth
100
200,000
State of N. Y. 100
800,000
Third
100 1,0011,000
Tradesmen’s..
Union
West Side*.
•
5
3
0
•
211,500
•
•
14
•
•
•
.
•
••
•
•
• •
267 700
06 »,2. ;0
1,000,000
1,200,000
100
200,000
317,810
•
•
•
• ft
•
•
ft •
J n”
TO
7
9
12
5
8
8
10
12
5
7
8
8
•
•Jau..
JanNov,
8
10
0
7
•
...
0
Jan„
ian..
.xH-
79. 3
,g0
TO
80. 3
,80. TO
IjO.
&
80.—
Fvb.,,80.
4
JaQ
»>«°* i
.i»*
?
,89. J
Jan. .80. 4
245
232
150
Knickerbocker
Laiayette(Bkni
SO
85
90
126
87
130
j an.,
.
142
'A
88
117
100
112)6
123
108
Par.
Amount. Period.
j
Brooklyn Gas Light Co...!.
;
Citizens’Gas Co (Bklvn)
do
bonds
Harlem
1,000
Jersey City & Hoboken
‘
Manhattan
Metropolitan
do
certificates
:
Mutual, N. Y
do
bonds
Nassau, Brooklyn
scrip
New York
do
do
bonds..
do
do
certificates.
of
New
York
Central
.....
do
50
20
50
100
V r.
100
.80. 3)6
3*i
4
6
5:
3^
5,000,000 Quar.
1,000 1,000,000 F.& A.
Var
25 1,000,000
Va
700,000 M.&N.
100 4,000.000 M.&N.
10 1,000,000 f. & J.
TO
1,000,000 ivf.& S
1,000
Var.
50
50
?
Var.
scrip
100
100
bonds
....
800,000 M.&N.
300,000 J. & J.
406,000 |F.& A.
1,000,000 Quar.
1,000,000 1. & J.
1,000,000 M.&N.
1,500.000
750 000 M. AN.
*
2)6
TO
4
3*4
7
3)6
3
TO
TO
8)4
5
0
’79
oo
100
1,000
Broadway ct Seventh Ave—stk..
100
900,000 J. & J.
694,000 J <Sc 3
.
.
2,100,000 Q-J.
100
’78 45
Ja i., ’80 140
Ju e, ’79 155
’80 117
Feb
Feb ’80 98
Ju y. ’79 55
1K82
10)
Feb., VO 50
’79
85
Nov,
vay, ’79 97
J«".. ’70 25
90
1897
J cl ! ) ’80 75
’79 50
Ja-»., ’80 65
Jan., ’80 95
Jan., ’80 50
-a1.. '80 155
105
188S
1898
,
.
I
I
*
9LJan., >0 15
7
J’ly, 190OI 94
2
7
(Jan’c0, 75
-July, ’84 104)4
1,000 1,500,000 -J.&D.
10 2,000,000 Q-F.
3)6 Feb., 80 150
Brjokiyn City—stock
7
M.&N
1st mortgage
Nov., *80 102
1,000
300,000
3
100
B 'oadway {Brooklyn)—stock..
Jan.,’90 140
200,000 Q—1
’80 95
100
Brooklyn dk Hunter'8 Ft—stock.
400,000 A.&O. 3 Jan
7
100
1888
1st mortgage bonds...
1,000
300,000 .1. &
100
Jan., ’80 85
B whvoick Av. {B'klyn)—stock..
500,000 J. & J.
65
J.
&
J
100
Jan.,
’30
Central Fk., y.dk E. Itiver—stk.
1,800,000
Consolidated mortgage bon s 1,000 1,200,000 .1. & D. 7 De< .1902 105
100
Christopher & Tenth St.—Stock
650,0* 0 F.&A TO Feb ’80 50
85
1990
Bauds!
1,000
250,000 J. & J. 7
4
100 1,200.000 Q-i?.
Feb., ’80 100
Dry Dock, E. B. dk Battery—stk
108
7
500&C
June, ’93
1st mortgage, cons’d
900,000 j.&n
8
Jan
100 1,000,000 Q-J.
’80 10)
Ellhth Aven ue—stock
•
’81 100
7
j.
&
j.
lsl mortgage
1,000
203,000
100
Feb., ’80 no
748,000 VI.&N. t5
4 dm. db Grand St Berry— stock
Apr., ’93 no
i»t mortgage
1,000
236,000 A.&O. 7
25
100
600,000
Central "roue Uow?i- stock.
99
NOV.1904
M.&N,
1st mortgage
1,000
200,000
10
100
250,000
Houstai, W-.'st st.(tPav.F'y—stk
7
July, ’94 95
500
500,000 I fir. .T
istm rtgige
2 H Jan., ’80 45
100 1,199,500 J. & J
Second av .nuc—stock
Apr ’b5 ioy
150,000 A.« U. 7
1,000
3d mjrt.aee
7
May, ’89 92)6
1.000 1,050,000 M.&N.
Cons. Convertible
Sept. ’88 90
:oo&c.
200,000 A.& < i. 7
Exte >s on
5
M.&N.
May. ’471125
•J00
750,000
Sixl’t Avenue- stock
Juiy, ’90i 105
415,000 I. & J. 7
1,000
lstmortg ge
6
Nov., "79 150
100 2,000,000 Q-F.
Third Ave me—stock
July, ’90101
1,000 *,000,000 J. & J. 7
1 t -.Mgage.
f
4
Feb.,
’SO 1"5
100
600,000 F. & A.
Twenty ‘.bird Screet—Mocx... .
Mav
93 103
250.000 M fir N, 7
lit mortgage
•
,
.
t*
,
,
■
...
.
,
1,000
1st mortgage
•
I'uirt
column juow- in«t.
i Thi3 is an extra t
uivideua
ividend.
uu stoc*#,
but th# date oi
•'
/
^
150,000
200,000
100
62
104
55
95
10)
30
95
1
85
0)
75
100
00
105
410
20
98
79
106
155
200.000
60
95
no
112
175
no
180
115
27)6
101
20
100
46
102)6
94
95
il5
165
305
111
105
maturity ul bonds•
’
10
22
10
30
7
22,908 10
200,000
150,000
500,000
200,000
3,000,000
120
800 20
17)6
10
10
10
10
10
,3^0.785 10
10
4,089 10
10
110,815 12
10
78,922 12 '•
110
0,488 13
10
290,776 10
20
193, "14 20
5
4,938 10
10
134,907 20
10
97.6S0 10
10
31,104 10
10
253,538 20
10
34,202 10
12
182,909 12
10
140,928 20
20
238,106 30
20
108,590 ,20
10
36,832 io
10
159,762 20
12
109,954 18
685,945
54,536
1*0.000
500,000
200,000
200,000
200,010
150,000
40
50
100
25
50
25
100
10
30
20
40
280,000
150,000
200,000
150,000
200,000
300,000
200,000
250,000
200,000
150,000
200,000
200,000
200,000
200,000
200,000
210,000
200,000
200,000
147,011
20,068
1,005
5! *>,458
108,148
399,052
84,737
190,043
103,739
467,0*6
43,577
300,OhO
500,000/
350,000
200,000
200 000
150,000
150,000
1,000,000
200,000
300,000
200,000
200,000
200,000
500,000
200,000
200,000
300,000
250,000
300,<00
20,725
17,334
10,841
109 090
121,591
28,519
137,084
102,389
10*
^
10
20
5
14
10
10
13
5
13
10
20
20
10
13
10
Jept. ’79 5
Jan., ’80.10
135
170
Jau., ’80. 5
Jan., ’80. 5
Jan., ’80. 5
120
104
J Bfl* f ’80.
Jan., ’80.
Jan., ’50.
Jan., ’80.
Jan., ’80.
Jau., ’80.
J
•
80.
Jan., *80.
Jan., *80.
Jan., ’80.
20
10
1TO
17)6
93
200
Feb., ’80. 8
Jan.. ’80.10
8)6
12
11
20
20
20
18
20
10
10
20
10
12- 3f 6-23
10
14
10
12
10
20
10
10
20
10
215,J55
121,502 10
443.095 20
250.000
•
20
14
N’ne
N’ne
11
10
30
12
20
12
15
10
6
20
9
310,395 20
130,185 17
135
195
170
190
Jan., ’80.10
20
117
Feb., '80. 5
10
115
-Jan., ’80. 5
11
50
July, ’77. 5
120
Jan., ’80. 6
io
175
13-05 Jan., ’80.6-85
Oct., ’79. 5 175
15
Jan., ’80. 3)4 96
10
teb., ’80. 5 ~ 100
10
Jan., 80. 7)6 120
15
8)6 JaD., ’80. 3)« 95
105
Jan., *80. 5
11
Jan., ’80. 8
7
138
Jan., ’80. 5
10
130
14'
Jan., 'SO. 7
110
Jan., ’80. 5
10
Jaa., ’50. 7!* 250
30
ian.. ’80. 3^ 65
7
12)6 Jan.. ’80. 7)6 125
20
Jan., ’80. 5 158
85
ian.. ’30. 5
10
Jan., *80. 5 127
10
55
3)6 •Jan., ’79. 3>* 98
5
nJan., ’80. 5
Jan., ’80. 5 103
10
60
Jan., ’80. 3
20
10
20
101.513 14
125
Jac
15
12
5
5
4
0
5
12
8
20
12
20
12
10
10
150
75
120
115
’79. 5
’80. 0
’79. 4
-Jan., ’80.10
Jan.,
Jan..
Jan.,
Jan.,
Jan.,
Jan.,
ioo
130
*7t>*
ft *
•
91
••«
•
105
70
125
125
0
7
5
5
5
Jan.,
Jan.,
Oct.,
ft ••
ft
107
85
5
.•••••
t
*190
55
70
135
104
Jan., 80, 7
Jan., '80. 5
Jan., ’80 5
Fe j., ’80. 5
125
150
ioo
81
100
105
«
•
130
105
109
100
115
00
130
100
200
108
180
110
120
’80. 6
V0.10
’80. 0
’80. 5
’80. 5
’80. 3)6
8)a
155
20
J*n., ’80 10
10
Feb , ’80 -3
9-73 tan., ’80.6-23 120
102
12
Jan.f '80. 5
70
8)6 Feb., ’80. 3)6 112
10
Jan., ’80 5
!00
10
Jan., ’80. 5
123
’80. 5
11
Ja
10
Jan , >0. 5
203
’80.10
20
Ijan
70
65
iio
90
75
80
105
80
110
105
iio
.
t Surplus
including re-lnsurance, capital and scrip.
City Securities.
Broker, 27 Pine Street.]
[Quotations by Daniel A. Mokan,
Pbiok.
interest.
Bonds
Months
Rate.
York:
New
5
1841-63.
Water stock
Croton water stock. .1845-51.
do
do
..1352-60.
Croton Aqued’ctBtock.1865.
do
pipes and mains...
1o
repervoir bonds
1-75.
do
1865-68.
Impovement stock..., 1869
lo
do
....IStfl,
Market stock
Consolidated bonds
var.
Street imp. stock
do
do
New' Consolidated
Westchester County
Conscli ate l
Assei meat
var.
do
do
do
0
7
0
5
May & November.
0
7
May& November,
Se7
S*
do
do
do
do
do
do
do
do
do
do
January & July,
do
•„
do
Qua-terly.
5
5
Msy
[Quotations by N. T. Beers,
Brooklyn— Local
City bonds
do
im >r’eiu’t—
..
Park bonds
Water loan bonds
Bridge bonds
waier loan
City non as
Kings Co. bonds
do
do
Park bonds
Bridge
*AH
7
...
.....
do
do
do
do
0
7
7
*
do
do
do
=
May & November.
Feb.,May, Aug.& Nov.
0
var.
Payable.
Feb., May Aug.& Nov.
5
0
Central Paik bonds.. 1853-57.
no
..1853-65.
do
Dock bonds
1870.
102
107)6
752,7-4
118,251
348,749
200,000
Over all liabilities,
Inclu C3 scrip.
110
150
100
95
70
136,442
875,666
1,000,000
500,000
100
25
Mech’lcs’(Bkn) 50
Mercantile..
50
Merchants’
50
Montauk (Bkn) 50
Nassau (Bklyn) 50
National
3716
N. Y. Equitable 35
New York Fire 100
N. Y. & Bostoi 100
New York City 100
50
Niagara
25
North River.
25
Pacific
100
Park
Peter Cooper... 20
50
People’s
50
Phenlx
50
Relief
100
Republic....
25
Rutgers’
25
St. Nicholas.
50
Standard
100
Star
!00
Sterling
25
Stuyvesant
Tradesmen’s.... 25
United States.. 25
10
Westchester...
50
Wllliamsb’g C
120
00
105
50
152
169
121
[Quotations by H. L. Grant, Broker. 145 Broadway.!
B eecker St.<& Fulton* err y -8tk.
1st mortgage
200,000
204,000
6
'80. 5
Dec.,'- ’79.10
I0)a Jan.. ’80.
10
20
18
20
.
200,010
.
Bid. Ask.
Nov. ’79 117
TO July,
7
3
7
5
250,000
300,000
200,000
1,000,000
300,000
200,000
*
Date.
5
2,500,000 ,M.& S.
Metropolitan, Brooklyn
Municipal
do
Var.
Var.
315,000 A.&O.
1,850 000 F.& A.
750,000 I.&J.
4,000,000 I. & J.
2,000,000
1,200,000
.
People’s (Brooklyn)
Williamsburg
25
20
Rate,
210,000
.....
126
Gas and City Railroad Stocks and Bonds*
[Gas Quotations by George H. Prentiss, Broker, 24 Broad Street.]
Gas Companies.
300,000
15
10
Bid. Ask
Last Paid.
1878. 1879.
14
10
20
20
20
20
20
20
20
20
17)6 10-72
12
18
N’ue
5
18
25
l2-5( 13 40
20
544,412 20
10
73,858 14
10
15
99,155
15
138.833 15
10
08,986 12
11
70,147 12
475,871
62,515
386,940
300,404
196,417
4-0,579
163,429
130,255
2,725
112,401
108,151
200,000
153,000
.
Jan., ’80.
Nov. ’79.
Jan., ’80.
7
8
12
J
Longlsl.'Bkn t
Manuf.& Build
Manhattan
Mech.&Trad’ra
Ja
7
*
Lamar..
Lenox
Lorlllard
12,1879, for the National banks, and
are of date Dec.
13 for the State banks.
do
Jan. 1,
1880.*
400,000
200,000
300,000
...
120
110
73
.80 3
Nov, <9. o>£
0
.
1*3 )6
^
.JO*
80. TO
4
3>s
American
+ 50
American Exch LOO
Bowery........ 25
25
Broadway
17
Brooklyn
Citizens’. ...1 20
70
City...
100
Clinton
30
Columbia
Commercial ... 50
Continental., t 100
40
Eagle
Empire City.... 100
30
Exchange
50
Farragut
17
Firemen’s ...
10
I iremen’p Tr..
9 ianklin&fc-mp 100
German-Amer. 100
50
Germania.
50
Globe
25
Greenwich....
Guardian
100
Hamilton
15
50
Hanover
Hoffman
50
Home
100
25
Hope
Howard
50
Importers’* T.. 50
100
Irving
Jefferson.
* 30
Kings Co.(B cn) 20
Prick.
Dividends.
Surplus,
Amount
...
i4
TO
TO
JaQJ*n->
•••
•
80
,79. TO
•July, 74.
8
8
10
8
9
Feb.,’80. TO
’2n
JiaQ”
.n., 80. 3)^
Jan., ,'9. 3
3
TO
-S
80. i*
4
’,22* 2
Jan..
0)£
ft
.
,
J n„
•>an.,
Nov.
jan”
3
3
9
10
0
7
3
Jaa
.
10
10
0
8
0
•
TO
S'
80.
Feb..
T*
8j>«
5
Jan., ,80.
duly. ,*J*
7
Jau..
••
138
’79. 5
<9. 3
7
4
3
4
Feb., 80. TO
•luiy, .?9. TO
2^ July>
3
May,
7
Jau.,
6)6
J.
J.
J
N.
J. & J.
J. & J.
M.&N.
J. & J
,80 TO
79. TO
•
4
0
• •
•
’80.
J n., 80.
Jan., 80*
Jan., 78.
Jan., 80.
TA
8
....
•
3
jan.,
3
•
• •
o
'-OV., 79. 3
<7. 3
Jan..
8
7
7
8
2
80 300 J. &
204.0! :0 J. &
40.700 J. &
250,300 M.&
103,500
Mny,
N«-v.,
....
J.&j.
53,400
Nov,
•
•
106
]80 5
Jaa.,
8
8
3
11
S
•
•
.
Jan.,
7
14
7
Q—F.
332.500 1. & J.
129,000 J. & J.
186,500 J. & J.
53,000
017 000 F.&A.
123,000
,2a*
,
•
•
106
3)fj
*79. 3 123
’80. 3 100 112
’80.23
’80. 3
’<9. 5
*s0. 4 MTO 143
TO Oct
79. 4
TO Feb., 80. TO
0
•
8
5
8
3
Feh., |80. 5
) n., 80* TO
.
5
Par.
3)s
’80. S)t
ian.,
••
120
0
7
....
B§ The figures in this column
of date Dec
•
„
July
Jau.,
0
.
40
50
.
•*
•
•
12
0
10
7
.
.
«
...
.
..
,TO
10
89,000 r. & J.
8,100
151,90) M &N.
0-3,300 J & J.
151,100 J. & J.
50 700 !. & J.
872,800 J. & J.
77.2 0
45 400 M.&N.
717.500 I. & J.
05,800 1. & .1.
70,900 F.&A.
91,8o0 J. & J.
123.600 J. & J
70,er o J. & J.
173.000 J. & J.
a
Nov.,
Jan.,
8
•
.
Sept.
Jau.,
Jai..
10
3)6
..
Mech’lcs & Tr. 25
200,000
Mercantile
100 1,000,000
Merchants’.
50 2,000,000
Merchants’ Ex. 50 1,000,000
100
300,000
Metropolis*.
■
09. 00 I.& J.
14,01)0 1. & J
100,000 201,0 0
500,000 1.707.700 Q-J.
3,200,000 1.005,200 f. & J.
600,000 375,800 M.&N.
1,000,000 710 0O: A.& O
57 100 •J1. & A
750,000
60,10:
200,000
May.
57,230
100
Germania*
200,000
15.20o vi.&N
Greenwich*.... 25
200,000
23,600 f. & J.
HO
Grocers4
225,000
212 0.0 f.& J
100 1,000,000
Hanover....
Imp.& Traders’ 100 1,500,000 1.1 36.300 J. & J
50
500,000 138.0)0 J. & J
Irving
fO
Island City*...
4,400 J. & J.
100,000
Leather Manuf. 100
600,000 421.400 J. &').
Manhattan*
50 2,050,000 1,027.700 F.&A
Manuf. & Mer.* 20
10,500 J. & J.
100,000
Marine
100
400,000 110,(00 J.&J.
Market
100
500,000 291,400 •I. & J.
988 700 J & J.
Mechanics’
25 2,000,000
Mech. Assoc’n. 50
09.500 M.&N.
500,000
Metropolitan
Murray lilll*
Capital.
Companies.
America4..*.... 100
Am. Exchange 100
100
Bowery
25
Broadway
Butchers’& Dr. 25
Central
100
100
Chase
Chatham
2*
100
Chemical
25
Citizens’
City
100
100
Commerce
100
Continental
Corn Exch’ge*. 100
25
East River
25
11th Ward*
100
Fifth
Fifth Avenue*. too
100
First
100
Fourth
30
Fulton
50
Gallatin....
German Am/
75
German Exch.* 100
.
Net'
Bid. Ask
Pine 3treet.]
<55
November.
due.
Bid. Ask
100
104
1883-1890 104
100
1884-1911
1884-1900 110
1907-1911 109
108
1398
108
1895
120
1901
107
1898
1894-1897 117
107
1889
1880
1890
1879-1890 102
1901
1888
113
102)6
1879-1882 102
1890
1894
1926
1884
113
118
105
101
105
107
112
124
113
109
109
123
109
118
108
110
115
J05
105
115
102
119
100
103
1819-1880 101
1881-1895 102
1915-1924 124
103
111
L20
Jr., Broker, 1 New st.]
Ja iuary
7
do
?
7
7
6
6
do
do
do
ao
& July,
lo
do
do
do
do
do
7
«
do
May & November.
do
«lo
9
January & July.
do
do
1900-1924,124
120
1904 1912
12*
1924
.114
1907-1910 113
115
111
116
114
1.15
123
1899-1905 109
1881-1895 103
1880-18*3 u 6
1830-1885:114
113
Brooklyn bonds fiat
[Quotations by C. Zabriskie,
Jersey City—
'Va%rn:!?.ng7..:i9«Mi
Improvement bonds..
Bergen bonds
.....
..1868-69.
47 Montgomery St., J ersey
January & July.
January & Juty.
J. & J. and J & D.
January and July.
City.]
tri
1395
1899 1902 108
189'. U4
104)6
LOO
1900
108
119
106
101
190
THE
CHRONICLE
[Vol. XXX.
1878.
From—
AND
The Investors* Supplement is
published
Sundry shippers
Total
the last
Saturday
of each month, and furnished to all
regular subscribers of the
Chronicle. No single copies of the Supplement are
sold at the
office, as only a sufficient number is printed to
supply regular
subscribers.
on
I.....
RAILROADS. •'
The gross
Passengers and
Freight and
REPORTS.
ending Dec. 31, 1879.)
The annual report just issued is
simply statistical, and furnishe s the information
below.
as
follows
Gross
:
The operations of the road
were
1879.
1878.
.$2,589,029
340,366
.
Express.
31,276
26,507
Mails....
Gross Expenses—
346,687
36,564
27,199
114,717
.$3,091,807
$2,921,057
$665,773
635,127
605,794
$638,910
.
223,563
598,884
262,013
545,140
$2,130,258
$2,044,946
.
Total
$2,395,890
104,627
.
Net
earnings
$961,549
$876,111
The whole number of
passengers carried in 1879 was 449,102,
and in 1878, 459,344. Tlie
average distance traveled by each
passenger was 25 75-100 miles, against 26 5-100 miles in
1878 ;
being a decrease of 30-100 miles. The number of tons of
freight
moved, excluding fuel and other materials for the
company’s
use, was 4,130,126 in 1879 and 2,810,466 in
1878, showing an
increase of tonnage in 1879 of
1,319,660. The actual cost of
working the road in 1879 was 68 9-10 per cent of the
receipts and
in 1878 it was 70 per cent.
The statement of the operations of the
road, submitted by
the Pennsylvania Railroad
shows that there
Company,
lessee,
has been expended for new
materials, $278,801, which has been
charged to the maintenance of road or expense account.
Included in this expenditure are 51 57-100 miles
of steel rails,
.making, with amount noted in last report, 292 17-100 miles
of
steel rails now
.
upon the roadway.
During the past year assets
amounting to $35,465 have been handed over to the
Pennsyl¬
vania Railroad Company in
part payment of coupons purchased
and held by that
company.
BALANCE SHEET, JANUARY
Dr.
stock,
stock,
com..
spec..
$6,053,700
2,400,000
$8,453,700
Bonded debt
To unpaid coupons
Less balance from earn¬
17,656,000
1,802,216
1, 1880.
Gr.
By cost of construc¬
tion
Bonds, stocks, &c., of
other companies....
Cash
Protit and loss
$26,176,101
5,373
14,365
1,433,223
293,757
*$1,508,459
Due P. RR. Co., lessee,
on
construction ac¬
count
Lehigh Coal & Navigation Company.
(For the
ending December 31, 1879.)
Managers’ report for the year 1879 has the
following statement of receipts and disbursements :
year
The Board of
RECEIPTS.
Railroads and
Nesquehoning Tunnel...
$828,817
Water Powers Lehigh Canal
Delaware Division Canal
Net profit on Lehigli Coal
Royalty on coal mined by lessees
Revenue from rents
Profit realized from sales of real estate.
51,930
19,830
47,589
190,622
1,961
33,943
5,760
Miscellaneous receipts
3,393
Total
DISBURSEMENTS.
General and legal expenses
Rent and taxes
Nesquehoning Valley Railroad
Rent and taxes Delaw are Division
Canal
Taxes chargeable to canals
Taxes chargeable to coal and coal
lands.
Taxes on capital stock
Taxes on landed
property and improvements
Interest account
$1,183,848
_
$51,333
138,000
118,867
1,730
-
85,228
437,785
$1,874,052
$2,413,761
$539,709
$624,684
$804,587
$179,903
Clark, Esq., President, has the follow¬
during either of the ten previous years (not
excepting 1877), our revenue would have
materially exceeded
our fixed
charges.” *
*
*
‘‘The production of coal from our
Lehigh property was
larger during 1879 than in
any previous year.
five collieries in 1878, and started No. 11
September 16, making in all
No. 4 idle.”
49,179
*
paid last year.”
“
of
The
*
*
floating debt was
dollars, and there
on
*
at the close of the
12,411
923,958—
3878.
Tons.
1,048,098
280,606
92,976
315,286
284,966
10,123
(For tlie
year one million
&
This road
was sold in
process of reorganization.
in
The Railroad Gazette publishes the
earnings, &c., as received from the President, Mr.
Bridgers.
The general account at the close of
the year was as follows:
Styjck
*.
$300,000
First
Mortgage bonds
$3,200,000
Certificates of indebtedness, due
Sept. 1,1886...
336,000
Coupons due June 1 and Dec. 1, 1877
224,000
Income bonds
Bills payable due Southern
Railway
Current balances, pay-rolls, &c
Total
Road and property
Stocks owned
Cash and accounts receivable
Profit and loss
3,760,000
new
826,000
53,022
.,
$5,539,022
$4,951,395
26,194
102,801
'
In the
600,000
Security Company
.
458,630
$5,539,022
company the old
mortgage incumbrances are to be
represented largely by stock. The earnings for the
year were
as follows :
1878-79.
$101,345
Total.
1,309,612
Augusta.-
ending Sept. 30, 1879.)
foreclosure October, 1879, and is
year
Expenses..
Deficit
•.
Net earnings
There
'
1877-78.
282,308
94,665
$118,306
328,679
62,712
$478,309
486,319
$509,698
Mail, express, etc
14.131
viz.:
From—
*
No. 5
“For the purpose of
reducing our floating debt and of pro¬
viding means to meet other maturing
liabilities, the Board
made sales during the
year of $793,000 of the
company’s con¬
solidated 7- per cent bonds, at an
average of 88 per cent. The
improved credit of the company, and the advance in the
price of its securities, enabled the Board to avail of a market
provision
in the lease of the
Nesquehoning Valley Railroad, and to
reduce the dividends guaranteed
by us on the stock of that
company. The right was reserved to us in the lease to
retire
the stock at par at
any time after ten years, which
expired
in
November, 1878. We notified the company in
July of our
desire to avail of this right, and the
result of the negotiations
that followed was the reduction for
five years of the dividends
from 10 per cent to 7
per cent per annum from September
lst^
1879, without cost to this
company. The rent is thus reduced
to $97,000 per annum—a
saving of $41,000 from the amount
Freight...
$125,763
The coal tonnage on the
Lehigh & Susquehanna Railroad
and Lehigh Canal,
compared with that for 1878, was as
Wyoming Region
Upper Lehigli Region, Nescopec Branch
Hazleton Region, via L. V. RR
Black Creek Region, via Drifton Branch
Beaver Meadow Region, via
Nesq. V. RR
Beaver Meadow Region, via L. V. RR
*
We operated
May 5th and
collieries in operation and
seven
Passage
Deficit
$16,694
341,771
1,953,332
Wilmington Columbia
*
Due Pennsylvania Railroad
$27,629,063
Company, lessee, for coupons purchased
tied held by that
company, $624,652 ; due same
on bonds owned
company for coupons
by that company, $882,360.
Lehigh Canal
:
Increase.
The large gain in revenue from
our railroads is due
mainly
to the increase of 1,698,299 tons in
coal transported, but there
was also a
gratifying increase in miscellaneous freight and pas¬
senger receipts. But for the very low rates of
transportation
on coal—the lowest in the
history
of the company —the gain in
revenue would have been much
larger. The contest among
producers to obtain as large a share as
possible of a free
market, after the termination of the agreement
of 1878 to
restrict production, forced down
prices, and transporters were
compelled to move the coal at proportionately low rates to con¬
tinue the mines in operation.
“
The deficit for the year 1878 was
$355,860, and for the past
year $125,763, thus showing a net
in the business for 1879
gain
over 1878 of
$230,097. Had the prices of coal
averaged for
1879 as high as
10,904
$27,629,063
5
The report of E. W.
as
1,515,546
L. C. & Nav. Co.’s proportion....
ing
1879.
$118,658
256,542
remain in the hands of the
$1,108,000 consolidated 7 per cent bonds in additioncompany
to the
18,900 shares of stock. The first installment of the
debenture
loan extended in 1877
matured, and was paid, on 10th Decem¬
ber.”
ings in hands of P.
HR. Co., lessee
•
-
“
Earnings—
To capital
To capital
4,158,034
■
$101,964
express.
Coal
year
79,449
2,503,731
1878.
mails
Philadelphia & Erie.
(For the
693,131
receipts of the company’s railroads
during 1879,
compared with 1878, were as follows :
*
ANNUAL
Tons.
7,176
4,175
425,194
5,295
37,012
Hazard....:
STATE, CITY AND CORPORATION FINANCES.
i879.
Tons.
Mahanoy Region, via L. V. RR..-.
Lehigh Region, L. C. & N. Co/s lands
:
411,040
$8,010
$98,658
follows, business, and aa considerable loss both in passenger and freight
large increase in expenses, the result being a
deficit for the year. The income
1879.
was
account
Tons.
2,002,907
420,108
58,496
389,473
495,500
6,794
Assets at close of year
Receipts, as above
was as
follows
:
$150,201
.' 478,309
Interest received
1,248
Reduced property account, six
engines cii Wil. & Weldon road
70,500
Reduced stock in Pioneer Steamboat Co.
J
Total
'
4,026
.1
$704,285
THE
21, 1880. J
February
Expenses as above
Current interest
O d accounts closed to
Decreased debt
Assets at close of year
profit and loss
CHRONICLE.
$486,319
43
,
104,918
10,202
102,801—$704,285
:
Schaghticoke Point, including steel rails, bridges, &e. The
goes to the Court of Appeals.”
Burlington & Missouri.—The trustees of the land mortgage
of this company (now C. B.’ & Q.) advertise that, agreeably to
the provisions contained in the trust mortgage deed, sealed
proposals, addressed to John N. Denison, Assistant Treasurer,
case now
Wilmington & Weldon.
(For the year ending Sept. 80,1879.)
Wednesday, March 10, for
cent land mortgage
For the last fiscal year, ending Sept. 30, 1879, the earnings
of
four hundred and
were as follows :
1S77-78. twenty-six thousand dollars, or any part thereof.
1S78-79.
:
$171,708
Central Iowa.—The Boston Transcript gives a summary of
Passage
$157,232
274,486
41.620 this company’s status.
Freight
302,855
The reorganization scheme agreed upon
Express, mail etc
45,869
$487,815 abont four years ago is progressing favorably, and the new corTotal
$505,957
267*389 poration formed is called the Central Iowa Railway Company.
Exx>enses
316,544
The first mortgage bondholders continue in possession of their
and receive first preferred stock for three years’ arrears
Net earnings
$189,413
' $220,426 bonds
of interest up to January 14,1876; afterward, and for the
In addition to operating expenses a considerable amount was
period of five years until January 15, 1881, the bondholders
expended in permanent additions to property. Deducting ex¬ take the net income of the road in lieu of interest. These
traordinary expenses in both years for renewals and all better¬ bonds amount to $3,700,000, and the interest, which goes into
ments, the net earnings were: 1878-79, $175,673 ; 1877-78
the first preferred stock, to $907,000. The net income of the
$175,644. The income account was as follows :
road since 1876 has not yet been determined. It is said that it
Assets at commencement of year. .•
$88,600 may amount at the maximum to half a million dollars, which
Gross earnings, as above
505,957
Interest, &c., received
*.
1,467 may be paid in an income bond.' The old second mortgage
bonds, amounting to $925,000, go into a second preferred stock,
>
..$596,026 together with three years’ interest (five years’ interest to
Total
.’.
All expenses, as above
$330,2S4
January 15, 1881, is wiped out), making $1,167,800 of second
Interest paid
106,047
43,569
Dividend, 3 per cent
preferred stock. This is a total of $5,774,800 of first mortgage
Old accounts closed
78
and preferred’ stocks bearing 7 per cent. The floating
Floating debt reduced
893-480,S71 bonds
debt has been paid off, and the old common stock is to be
Assets at close of year
$115,154 reduced fron $4,920,000 to $1,600,000, one share of new stock
being given, for three of old. The stock selling at 12)£ is the
old common, worth one-third of the new, which sells at just 36.
GENERAL INVESTMENT NEWS.
The second mortgage bonds now sell at 61. For each $1,000
Anthracite Coal Trade.—A temporary suspension of mining bond $1,210 in second preferred stock will be given a few weeks
has been decided upon by the coal-producing companies, the hence, thus making the cost of this stock but 50, as compared
with the common at 36. The first mortgage bonds (with the
companies all agreeing to suspend mining three days a week three
years’ interest coupons, to go into first preferred stock,
until the 1st of April.
—Circulars were issued by the Philadelphia & Reading Coal attached), sell at 115. There is also attaching to this security
the net earnings of the road up to 1881, which, if they amount
& Iron Company February 19, increasing the price of lump and
to $500,000, will be thirteen per cent more on these bonds.
The
steamboat coal on board vessels at EJizabethport, N. J., to
net earnings of the road in January were $35,000, and net earn¬
$4 75, from $4 as announced on the 16th inst., and to $4 25, from
ings of $30,000 per month might be the average for the year.
$3 75, for Port Richmond.
—The production of anthracite coal from January 1 to Feb¬ It will take $259,000 to pay the interest on the first mortgage,
$63,490 to pay the interest on the first preferred stock, thus
ruary 7 is reported as follows:
Tons of 2,240 lbs.
leaving $36,510, or about three per cent, on the new second pre¬
Total Jail. 1 to Feb. 7.1880
1,981,541 ferred stock. The roadbed and track are in good condition,
Total for same time 1879
1,820,099
Total for same time 1878
1,399,548 one-third of the latter being steel, but more and better rolling
Boston, Mass., will be received until
the sale to1 them, for cash, of seven per
bonds of said company, to the amount
.
Total for same
Total for same
Total for same
1,468,020
1,329,752
1,289,912
time 1877
time 1S7G
time 1875
.
corporation, under
&
Pacific coast, the follow¬
ing details appear in Boston. The road is to be built in two
divisions. The cost of the first division will be about $12,500,000.
Stockholders in the Atchison & Santa Fe and Atlantic &
Pacific corporations will have the right to subscribe for a 6 per
cent bond at par, receiving therewith a $500 or $750, as may be
determined, 6 per cent income bond. The Atlantic & Pacific
Company will reserve the right to take from subscribers, before
40 per cent of the subscription has been paid, the first mort¬
gage bond, paying back the subscriptions advanced with
interest, thus leaving with subscribers an income bond costing
Atlantic &
Pacific.—Of this new joint
which the Atchison Topeka & Santa
San Francisco propose to build to the
them nothing.
Fe and the St. Louis
-
Bangor & Piscataquis.—At a meeting of the Bangor city
government held Feb. 12, it was voted to sell this road for
$600,000 to Hon. Wm. B. Ives, on behalf of the International &
Megantic Railroad. The conditions are that Ives shall take up
and return to the city fas they become due in 1899) the bonds
said city in aid of said road, to the above
paying the interest as it becomes due. The order of
be submitted to the people for their approval.
issued by
amount,
sale will
stock is needed.
“The Burlington Cedar Rapids
the road, so it is reported, for the
& Northern desire to lease
interest on its first and second
mortgage bonds; but Russell Sage, who has long been a direcin the road, declares it his intention of putting it into the
Wabash system. Before the late revival of business, the first
mortgage bonds sold at 25, the second mortgage bonds were
worth less, and the stock could scarcely be given away. There
are reports, upon good authority, that Jay Gould will soon go
into the directorship and that the company’s securities will be
given a ‘boom’ before long. If one believes in the future of
;he road, and can figure out from these facts and the earnings
as we report them from time to time a good business, the bonds
:or
as
the market is at
the
common
present would seem a better investmsnt than
latter may still be considerably
stock, though the
agitated by speculation.”
To recapitulate and show the relative position of the securi¬
ties at a glance, we give the new capitalization as follows :
First mortgage 7 per cent bonds, unchanged
$3,700,000
Three years’ interest on the same and coupon No. 7, cashed
by Jay Cooke, to be first preferred stock
907,000
Second mortgage bonds and three years’ interest, to be 2d
1,167,800
preferred stock
securities
,
for $4,920,000 old common
Total 7 per cent
New common stock
and bonds
Ridge (S. C.)—Both Houses of the General Assembly
Chicago Clinton Dubuque &
of South Carolina have passed the bill to facilitate the comple¬
table
shows the gross earnings for
tion of the Blue Ridge Railroad, which will supply the missing
Blue
Total stocks
stock
-
$5,774,800
1,640,000
$7,414,800
Minnesota.—The following
the years 1878 and 1879:1879.
■“
1878.
$18,043
with the Cincinnati Southern Freight
11,319
\
.4
$14,202
Railroad at Knoxville, to be constructed from Walhalla, in the Passengers
1,774
L942
158
2,500
direction of Clayton, Ga., and thence to Knoxville, Tennessee. Mails
Express.,
*
.
Boston Hoosac Tunnel & Western.—A press despatch from
Totals.
$27,821
$31,295
Troy, N. Y., Feb. 14, said: “ In the construction of the Boston
3,473
Hoosac Tunnel & Western Railway, the projectors of the enter¬ Increase in 1879
Chicago Milwaukee & St. Paul.—It is reported (on what
prise took possession of a large portion of the abandoned road¬
bed of the old Albany Northern Railroad. The Troy & Bos¬ authority not stated) that the Chicago Milwaukee & St Paul
ton Company claimed the property under a perpetual lease, Railroad Company have purchased the stock of the McGregor
and brought an action to restrain the new company from enter¬ & Wisconsin Railroad Company, whereby they become the.
ing upon or using the roadbed ; and, further, obtained a per¬ owners of all the lands and other property of said company in
of Iowa situated along the line of the Iowa
petual injunction to prevent the building on or using the road the State division
of the Chicago Milwaukee & St. Paul, and
&
Dakota
A motion to vacate the injunction was made and
any way.
all the interests of said company claimed in the land grant con¬
was granted, with the understanding that the new company
might go on with the work at their peril and suffer the conse¬ nected with said division, whereby the suits pending in regard
quences of forfeiture if they proved them to be wrong. Gen. to said lands will go to the Chicago Milwaukee ct St. Paul
W. L. Burt, at that time president of the Boston Hoosac Tun¬ Company.
nel & Western Company, decided to go on with the construc¬
Chicago & Pacific.—In the foreclosure case of Blair vs. the
tion of the road, and a few weeks later a proforma decision in Chicago & Pacific Railroad, Judge Blodgett, at Chicago, entered
favor of the Troy & Boston Company was rendered by Judge deficiency decrees against the road and in favor of the following
Osborn. An appeal was taken, pending which the construction parties, on
the sale of the road under foreclosure : John I. Blair,
of the road was completed and the road operated. Friday, the
general term, Judge Learned dissenting, affirmed Judge Os- $28,086; the Delaware Lackawanna
bom’s decision, thereby transferring to the Troy & Boston Com- I pany, $27,691; the Lackawanna Coal& Iron Company,
pany the fourteen miles of new road between Eagle Bridge and * Elizabeth McEvars Bayard, #81,804;
link in
connecting Charleston
in
& Western Railroad
Com$250,373;
L. B. Otis, Receiver of
192
IHE CHRONICLE,
the State Savings Institution, $110,602
; Moses Taylor, $35,269;
the City Bank of New York,
$28,533. An order was also made
on the
purchasers at the sale to pay into Court within
eight
days the sum of $250,900 on accounc of their purchase.
Cincinnati
lease the Macon & Brunswick Railroad.
wanted the
Governor to warrant and defend the title to They
the lessees, which
he refused to do,
except so far as he was authorized by the
lease act.”
But in regard to this, the N. Y. Tribune
of 20tli inst., says
that Governor Colquitt, of
Sandusky & Cleveland.—The
following is a
statement of the comparative net
earnings for the four months
ending December 31,1878 and 1879 :
September
October
November
1878.
1S70.
$L6.:<70
*20,732
$26,018
33,480
14,504
7,101
December
20.353
10,207
Total gain in net earnings for four months
[VOL. XXX.
Georgia, has be enin the city for the
two for the purpose of closing the contract for the
sale of the Macon ,& Brunswick
Road. Messrs. R. T. Wilson
past day
Gain.
or
and CL M.
$9,<>48
12,753
5,841)
12,165
McGhee, principal officers of the
East Tennessee &
Virginia and Memphis & Charleston roads, represent the
com¬
pany of purchasers. The price paid was $1,125,000, one-fourth
cash. -It is provided, however, that the road shall
to Atlanta within five
years
§540,416
be extended
from the date of purchase. *
*
.
Columbia
City ( S. C.)—Columbia, S. C., Feb. 18.—The Gen¬
Memphis & Little Rock.—In regard to the
Assembly, at the request of the Mayor and Aldermen, has chase of the Memphis & Litle Rock Railroad reported pur¬
by the Texas
passed an act authorizing the funding of the entire indebted¬ Pacific Railroad Company, it is stated that a few
weeks since
ness of the
city, bonded and floating, at the face value, by the a controlling interest in the stock and bonds of the
&
issue of 30-year bonds
bearing 2 per cent interest for the first Little Rock company was secured by R. K. Dow, Memphis
its former
decade, 3 per cent for the next and 4 per cent for the last, the president, and that Mr. Dow, from liis
business connections, is
coupons to be receivable for all taxes and debts due the
city, supposed to be acting on behalf of the Texas & Pacific.
except water rent. The city creditors will accept the terms of
the act.
Mississippi Bonds.—A message from Governor Stone was
read in the Senate of
Mississippi on Monday, 9th inst., in which
Connecticut Western.—The Boston Advertiser
reports
that: he says that, shortly after the adjournment of the last
“Nathaniel Niles of New York, a
Legisla¬
large holder of the mortgage ture, he received a communication from Edward
Haslewood,
bonds of the Connecticut Western
Railroad, has sued at Hart¬ Esq., representing the holders of the Mississippi
repudiated
ford for foreclosure. The
complaint sets forth that the bonds bonds in England, inclosing copies of a memorial addressed
to
were issued in 1870 to the amount of
the
$3,000,000, that in 1876
Governor,
the Senators
a^l
Representatives
of
the
the
interest upon all the bonds was
defaulted, and therefore the State of Mississippi, submitting a proposition
in behalf of said
principal is due.”
eral
bondholders to compromise the indebtedness.
of the bondholders embraces the
•
1. That the bondholders should
waive all claim for the unpaid interest
from the year 1810 to the last
day of this year, say over $13,000,000.
2. That the State should issue new
bonds to the extent of
$7,000,000,
being the amount
of the original issue.
issue of bonds should bear interest for
tbo first year,
commencing from the 1st fcf January, 1879, first payment
being in July,
1879, at the rate of 3 per cent per annum,
increasing annually, after tho
first year, at the rate of one-lialf of 1
per cent per aunum.
4. If deemed
advantageous to the State, that the said new issue of
bonds may be received iii payment for
any unoccupied land or lands be¬
longing to the State, at the rate of 320 acres for a bond of
$1,000, tho
of
object
this being to induce an immigration of
thrifty men, providing a
market and a sinking fund for the bonds.
3. That the
Framingham & Lowell.—At a
stockholders’meeting of the
Framingham & Lowell road, Feb. 14,
the lease of the road to
the Boston Clinton
Fitchburg & New Bedford Company for a
-term of 998 years and four
months, from October 1 last, was
ratified. It is understood that the
will be leased to
the Old Colony at once, and thatproperty
the 8 per cent note holders
will receive preferred stock in
Reynolds offered tlie following resolution, which
adopted:
Indiana
Indianapolis Cincinnati
December, 1874?
&
Lafayette—At Cincinnati, Feb.
13, the sale of this railroad was confirmed
by Judge Baxter in
the United States Circuit
Court.
4
„
Little Rock & Fort Smith.—The
land sales, for the month of
follows:'
January, 1880
January, 1879
earnings and
January, 1879
Earnings.
Expenses.
$18,742
16,405
Increase
were as
Net.
$31,114
8,613
$2,337
$22,501
Acres.
Amount.
LAND SALES.
January, 1880
January, 1879
$40,762
7,606
b
,
8,460
Louisville &
By the provisions of the present Constitution the State is
prohibited from ever legalizing these bonds, the
clause, which
was adopted in
1875,A’eading: “ Nor shall the State assume, re¬
deem, secure or pay any indebtedness claimed to
be due by the
State of Mississippi to
any person, association or corporation
whatsoever, claiming the same as owners, holders or
assignees
of any bond or bonds known as the
Union Bank bonds or Plan¬
ters’ Bank bonds.”
$33,156
'
Missouri Pacific.—This
company has leased the St. Joseph
the Hannibal & St.
Joseph Railroad for
term of twenty-five years, and will
run through trains
from
a
-
St. Louis to St.
Joseph.
—Before the United States
Supreme Court in Washington,
the argument of the
Cowdry
case, to set aside the foreclosure
of this railroad, was made in
January by Senator Edmunds for
Gould, and N. A. Cowdry in person. If Jhis case is
decided in
favor of the present owner,
Jay Gould, there will be no cloud
left on the
Missouri Pacific title.
Oil
Transportation.
The
Philadelphia Ledger says:
“For more than a
year past there has been
pending in the
courts of this State various
legal proceedings, civil and crimi¬
nal, arising out of the conflicts and
rivalry of the oil companies,
the pipe lines and the
railways that transport oil to the sea¬
board. These
proceedings have now all been discontinued, the
various individuals and
corporations interested having settled
their
disputes. outside of court, and restored the
business of
transporting oil to an amicable arrangement among the com¬
—
peting lines. The Supreme Court on
Saturday allowed the
discontinuance of the various
proceedings
there pending, which
included actions against the United
Pipe Lines and the
Pennsylvania Railroad, begun at the instance of the
Oil
Producers’ Union in November, 1878 ; also
actions begun in
last
April
against sundry stockholders of the Standard Oil
Company for conspiracy, brought in Clarion
County, but for
which a certiorari had been
asked to take them
up to the
Supreme Court, proceedings in Clarion
County being in the
meanwhile stayed. On
Saturday, counsel
parties in interest appeared before the representing all the
Supreme. Court, an¬
nounced that a settlement had been
made, and the Court
ordered all
Nashville—Georgia
Railroads.—The Atlanta
Constitution of Feb.
11 reports of the
compact between these
companies that the Louisville &
Nashville and
Central railroads have entered
into a combination that Georgia
in terms to a
amounts
partial consolidation for the term of
five years.
The Central road, after
amending the contract somewhat, rati¬
fied it one week
ago. The Georgia road ratified the
as amended
contract,
by the Central, on Feb. 9. The
Central and the South
Georgia
road, the
Carolina roads have made a sub-con¬
tract that divides the
occupied by the three, and
commanded by the. Ports territory
of Charleston, Port
the proceedings
Royal and Savan¬
nah.
Ihe combination
terminated, as above stated.”
controls every Atlantic and
—A press dispatch from Titusville
Gulf port
between New Orleans and
says that the articles which
will have lines of steamers Charleston, except Brunswick, and were signed February 5 by the officers of the
Standard Oil
plying the Ocean from each port, Company, its stockholders, the
fed by through lines of
rail under one
managers of its several
control, from Chicago branches, and B. B. Campbell on the
and the lakes, St. X^ouis
and Louisville. The
part of petroleum pro¬
the lines will remain with
the
The contract is to extend for
five
Louisville
management of
&
Nashville Road
years.
Macon & Brunswick.—A
%om Atlanta, Ga,, Feb.
13, said : “R. 1\ Wilson & dispatch
Co. have refused to
purchase or
*
& Atchison branch of
expenses, and
and 1880,
was
Resolved (the House
concurring), That the communication of hisj
Ex¬
cellency, in reference to certain bonds of the State of
Mississippi, and
accompanying documents, he referred to a joint select committee
of the
two Houses, to be
composed of three on the part of the Senate and
on the part of the House of
Representatives.
Galveston Houston & Henderson.—Mr.
Israel Corse and Mr.
Horace S. Taylor, of New York,
have been elected directors of
this company. Mr. Israel Corse has
been elected president.
day
new
Mr.
Exchange.
Bloomington &
Drummond has
referred the matter of the I. Western.—Judge
B. & W. Railroad claims to W. P.
Fishbaek, Master in Chancery, directing him to examine
and
report on the following questions: 1. What amount
was paid
during the two years ending December 1,1874,
by the company,
of the coupons of the bonds on
the main line and
extension,
and from what
source, the money was derived ? 2. What
amount was expended in the
same time for
improvements on
the road ? 3. What amount was
expended by the receiver for
permanent improvements after December
1, 1874, and from
what source were the funds
obtained ? 4. The gross
earnings
of the railroad from
January 1, 1873, until the
relinquished possession of the property; also, what receiver
property
was received
by the receiver on the 1st
of
The proposition
following points:
Fort Wayne Mnncic & Cincinnati.—The
bondholders are
about, ready to foreclose the
mortgage and reorganize the
affairs of the company, and the bondholders’
committee are now
calling in the bonds for this purpose. The terms of the reor¬
ganization are not decided upon, aud will be left to the decision
of two-thirds of the stockholders.
ducers, provide
:
First—1That producers sliall make no
opposition to an entire
tion of the system of
abroga¬
rebates, drawbacks aud secret rates of
4lie transportation of
freight in
freight on railroads.
Second—That the Standard Oil
Company and United Pipe Lines will
not receive any rebates which
railroad companies are not at
liberty to
give other shippers of petroleum.
February 21,
1880.]
193
THE CHRONICLE
United Pipe March election, without waiting until 1881 to achieve that end,
of pipeage shall bo as they would have to do if the control were simply restored
on thirty to them by the payment of the interest on the income bonds.
dajrs’ notice; that, to the extent of their influence, the Standard Oil The Republican is not informed what inducement is offered the
Company and the United Pipe Lines agree that there shall be no differ¬
holders of the bonds to procure their signatures to this petition,
ence in the price of petroleum between one district and another, except
such as may be based on a difference in quality; that the United Pipe but the natural inference is that they have been pledged the
Lines will make every reasonable effort to transport, store and deliver
payment of the interest.”
all oil tendered to them so long as the production does not exceed an
average of 05,000 barrels a day during fifteen consecutive days. If the
Sontliern Minnesota.—The extension of this road has been
production exceeds that amount, and is greater than the capacity of the
completed
to Flandreau, Dakota Territory, and graded 38 miles
lines can sustain, the producers agree that they will not purchase any
further to Sioux Falls ; and the Central Railroad, from Wells
so-called immediate-shipment oil.
Fourth—The United Pipe Linos will give vouchers for all oil taken
to Mankato, Minn., has been acquired by purchase, making the
into the line until production reaches the raaximum^pf 65,000 barrels,
entire completed line now operated as follows: Main line,
without making any differences as to immediate shipment.
from Mississippi River, opposite La Crosse, Wis., to Flandreau,
Pittsburg Titusville & Buffalo—Buffalo Chautauqua Lake D. T., 306 miles. Mankato Division, Wells to Mankato, 40
& Pittsburg.—At Philadelphia, Feb. 16, meetings of the stock¬ miles; total, 346 miles; Under the present management, elected
holders of these two companies respectively were held, and in the interest of the bondholders, this has become one of the
articles of consolidation were adopted. The officers of the most important railroad properties of Minnesota. The Direc¬
tors are: H. H. Cammann, Walton Ferguson, F. W. Downer,
Pittsburg Titusville & Buffalo Company will act for the con¬ Cornelius
B. Gold and J*. B. Dumont, of New York; George P.
solidated company until the next election. The statement is
made by stockholders of both companies that the proposition Bissell, of Hartford, Conn.; Henry C. Kingsley, of New Haven,
has been made to lease the consolidated company to the Lake Conn. ; H. F. Rudd, of Norwich, Conn., and J. C. Easton, of
Shore & Michigan Southern Railroad, provided, of course, that Lanesboro, Minn. Officers: President, Cornelius B. Gold, N. Y.;
Vice-President, H. C. Kingsley, of New Haven, Conn.; Treas¬
the Lake Shore will entertain the proposition.
By the articles of consolidation, the capital stock of the con¬ urer, Walton Ferguson,<of J. & S. Ferguson, N. Y.; Secretary
solidated corporation is fixed at 127,500 shares of common stock and General Manager, Pi M. Myers, of La Crosse, Wis.
of a par value of $50 per share, making $6,375,000, and 15,000
Washington City Va. Midland & G. S.—The Alexandria
shares of preferred stock of a par value of $50 each, making Gazette of February 13 says that in the Circuit Court of Alex¬
$750,000. The stockholders of the Buffalo Chatauqua Lake & andria a decree for the sale of the railroad was entered by
Pittsburg Company are to receive 27,500 shares of the common Judge Keith, such sale to be made at public_auction in Alexan¬
stock of the consolidated company and 2,500 shares of the dria, after sixty days’ advertisement, for so much cash as is
preferred stock. But there shall be paid to the consolidated equal to the principal and interest of all the bonds secured by
company by the stockholders of the company the aggregate deeds of trust on said property or any part thereof, except
sum of‘$175,000, $50,000 of which is to be expended. upon
those secured by the deed dated May 1,1873, to D. H. Miller,
improvements. It is also provided that there shall be issued Robert Garrett and J. W. Burke, trustees, and for a further
to the holders of the common stock of the Pittsburg Titus¬ amount of the cash equal to the past-due interest on the debt
ville & Buffalo Railway Company, to represent property actu¬ secured by that deed, and appointing John S. Barbour commis¬
ally received, 100,000 shares of the common stock of the con¬ sioner of sale.
solidated company, and as many shares of the preferred stock
Western Union Telegraph.—TlieN. Y. Tribune report of the
as there shall at the time of the ratification of the agreement
decision just obtained is as follows: “Judge Blatchford has
be outstanding of the preferred stock of the P. T. & B. RR. Co.
The bonds of the B. C. L. & P. Co., amounting to $250,000, and given a long decision in the case of Priscilla W. Page, as ad¬
ministratrix, etc, and the Western Union Telegraph Company,
all the bonds of the P. T, & B, Co., shall be assumed and paid
by the consolidated company. The income bonds, old and new against the Holmes Burglar Alarm Telegraph Company, for an
injunction and accounting. The suit is founded on reissued
scrip, and also all overdue coupons of the P. T. & B. Co., shall letters
patent, granted October 10, 1871, to Priscilla W
also be assumed by the consolidated company. It is also pro¬
Third—That there shall he no discrimination used by the
Lines between or against their patrons, and rates
reasonable and uniform, and shall not bo advanced except
18769.4502
as administratrix of Charles G. Page, dece^ aad the Western
the Pittsburg Titusville & Buffalo
limnII Telegraph
Com^an^ jvr injpjQVementg jn induction coil
Railway Company shall serve until the next election, as the
and circuit breakers, the original patent having been
•officers of the consolidated company* on the second Monday of
granted to Page, April 14, 1868, under an act of Congress*
January, 1881.
There are fifteen claims in the reissue, and it is alleged
vided that the officers of
St. Paul & Sioux
City-Cliicago St, Paul k Minneapolis.-!
A consolidation of these railroads has been agreed upon, or the
stock of the Minneapolis road has been purchased by the other.
The first-named road is the old West Wisconsin Railroad, running
from Elroy, Wis., where connection is made from Chicago, via
the Chicago & Northwestern Road, to St. Paul, Minn, 177
miles. The consolidated road will be mainly controlled by New
York & Chicago capitalists, the chief of whom are David Dows,
H. H. Porter and Messrs. Drake and Wilder. The president and
directors of the Sioux City Road will remain in the directory.
Another report says : “ It is believed that the control of the
'Chicago St. Paul & Minneapolis Railroad has passed into the
hands of the Northwestern Company, and that the purpose of
the negotiations pending between the Minneapolis Company
and the St. Paul & Sioux City Road is to throw the manage¬
ment of the latter company also into the hands of the North¬
western. The majority of the stock of the Minneapolis Road
has been sold recently, and it is generally thought that it has
been bought in the interest of the Northwestern Company.
David Dows, a prominent director of this company, is reported
to have made the purchase of stock, but he has declined to
make public the details or purpose of the transact ion.”
St. Louis & Iron Mountain.—The Missouri Republican of
Feb. 15, said : “ A movement is on foot to secure the immediate
released the Iron Mountain assented stock from the agree¬
ment which now shackles its voting power, which is doubtless
the explanation of the buoyancy shown by that stock of late.
The movement referred to is based on the following clause in
the agreement under which the stock was assigned to trustees:
‘It is understood and agreed, in modification of the preceding
provisions hereof, that the stock tiast may be terminated in
advance of the time herein fixed for its termination, upon the
direction, in writing to that effect of the holders of at least 90
per cent of the whole amount of first preferred income bonds
and 90 per cent of the second preferred income bonds, issued
under or in pursuance of the provisions hereof, which termina¬
tion, if so made, shall have the like results and consequences as
a termination of such stock trust by expiration of the term
originally provided for its continuance.’ Under this provision,
a petition has been circulated among the holders of the income
bonds, requesting the trustees of the stock trust to turn over
all the assented stock to the Farmers’ Loan & Trust Company,
of New York, to be delivered to the holders of stock certificates
There are in all $8,000,912 of income bonds, and the statement
is made by those interested in this movement that nearly
$5,000,000 of these have signed the agreement. This is a
majority of the bonds, but the agreement requires 90 per cent
which it is entirely probable, however, will be obtained.
The
object sought is, of course, to restore .the absolute control of the
road to the holders of the stock, so that the stockholders may be
relieved of the foreign element in the board at the approaching
defendants.
are ™een 1CJaiD?s in.xfe. reifu<\
^iree
of
them
have
been
infringed
on
by
the
They are as follows : (1) The adjustment of the retracting force
of
an
^automatic circuit-breaker; (2) the
combination of an
electric.magnet armature and adjustable retraction; (3)adjust¬
ing or regulating the length of vibration of the armature of an.
electro-magnet by means of set screw or any mechanical equiva¬
lent for substantially the same purpose. After considering in
detail the mechanical construction and the nature of the
alleged infringements, Judge Blatchford takes up the legal
questions involved. In conclusion he says : ‘All the considera¬
urged against the validity of the patent
tions
and the rightfof
examined.
the plaintiffs to recover in this suit have been
result is, there must be a decree for the plaintiff,’
”
The
Company statement for the
year ending December 31, 1879, will be found on another page.
The cash assets on January 1, 1880, amount to $38,996,952,
against $36,077,490 on January 1,1879. As the readers of the
Chronicle are accustomed to deal with the plain logic of facts
and figures, we cannot better refer to the progress of this com¬
—The New York Life Insurance
and show how it has steadily grown, even in the years of
depression from 1875 to 1878, than by throwing to¬
gether some of the comparative figures given in this report, as
pany
extreme
follows
:
No. of
Folicies in
Jan 1.
force.
Death
claims
Divisible
Amount
at risk.
surplus at
4 p. e.
Income
from
interest.
paid.
1875.. $1,524,815 $1,870,658
1876..
1,547,618 1,906,950
1877..
1,638,128 1,867,457
1878..
1,687,676 1,948,665
1879..
1,569,854 2,033,650
Year.
$126,132,119 $2,499,654
127,748,473 2,626,816
127,901,887 2,664,144
4 5,005 125,232,144 2,811,436
1880 ..45,705 127,417,763 3,120,371
On the New York standard of 4/£ per
1880, is over $7,000,000. It will be
cent, the surplus, Jan. 1,
observed that while the
company’s stocks and bonds are put in the assets at $13,544,671,
their market value is really $14,356,192. It is hardly necessary
to say that the company remains under the same able manage¬
ment: Mr. Morris Franklin, President; Mr. William H. Beers,
Vice-President; Mr. Theodore M. Banta, Cashier.
—Attention is called to the advertisement of Mr. H. S. Marlor,
No. 10 Wall street, New York, who offers Ohio Central Coal
Co.’s stock for sale.' This company is organized with a capital
$5,000,000, and has 8,000 acres in the coal fields of Ohio at
Corning, which, from their favorable situation, are likely to be¬
of
necessary and
ests of the West.
come
valuable to the great manufacturing inter¬
—Attention is called to the dividend notice of the Little
Chief Mining Company of 1 per cent monthly on $10,000,000
the second brought out under the
capital.
30
This company is
auspices as the Chrysolite, which has paid a large dividend
days after commencing work on the mine.
same
191
THE
CHRONICLE.
[Vol. XXX.
|£Iie (^uMMjexxml jinxes.
O O T T O N.
Friday, P. M., February 20, 1880.
The Movement op the
Crop, as indicated by our telegrams
from the South to-night, is
given below. For the week ending
this evening (Feb. 20), the total
receipts have reached 115,307
COMMERCIAL EPITOME.
Friday Night,
February 20, 1880.
There is
scarcely a new feature to note in regard to trade.
It is too early for what is termed the
Spring opening, and the
pressure to secure stocks of staple goods which was reported
m
January has not been maintained; hence, something of a
lull in general business prevails. Still, prices do not show
weakness, except for one or two staples of agriculture, the
stocks of which have greatly accumulated.
Speculation in
merchandise is not so active as it has been, and
yet is maintained
with considerable spirit.
The weather is seasonable, and
the money market has continued
easy, contributing to an active
speculation
on
the Stock
There has been
a
Exchange.
fair business in
provisions during the week ;
prices have at times advanced and shown much firmness, and
that is the state of affairs at the close, when old mess
pork was
sold on the spot at $11 87>i ; new
quoted at $12 50; do. for
March, $12 25@$12 40 ; do. for April, $12 25@$12 50 bid and
asked. Lard sold at 7*75@7*72^c. for new
prime Western on
the spot; and for March at
7'72^@7*67/^c, April at 7’75@
7'72%e., May 7*80@7*82^c., and seller the year at 7 70c.; a
food business
for Continental
ports
done in refined
at 8/6c.
thoughwas
quiet,
unchanged
at 6 95c. for
long clear
►aeon,
was
and 7 3-lGc. for
bales, against 119,854 bales last week, 112,363 bales the
previous
week, and 137,191 bales three weeks since,
making the total
receipts since the 1st of September, 1S79, 4,098,825 bales
against
3,726,517 bales for the same period of 1878—9, showing an increase
since September 1,
1879, of 372,303 bales. The details of the
receipts for this week (as per telegraph) and for the
corresponding
weeks of four previous
years are as follows:
Receipts this w’k
1880.
at
New Orleans
Mobile
1879.
46,864
7,497
8,091
Charleston
Port Royal, &c
3avannah
Indianola, &c
9,346
Florida
1,362
North Carolina
991
Norfolk
15,543
City Point, &c
;
1876.
44,860
11,096
7,031
39,683
781
296
466
9,708
4,575
6,862
5,578
8,475
146
68
182
15,084
2,139
2,089
12,263
2,111
12,507
13,146
14,237
53,425
9,995
5,915
5,516
8,525
158
Tennessee, &c
1877.
55,979
8,048
7,189
1,701
12,191
15,534
15,626
9,826
Galveston
1878.
4.320
472
368
217
2,32S
3,346
11,128
2,213
8,444
1,154
982
684
8,751
long and short clear together. Cut meats were
115,307
134,328
109,736
88,068
109,676
fairly active. Beef and beef hams quiet, the latter being quoted
Total since Sept. 1. 4,098,825 3,726,517
at $17.
3,484,705 3,495,992 3,404,927
Butter and cheese have had a fair trade in fine
grades
at well-sustained prices.
The exports for the week
Tallow, 6/£c. The latest advices
ending
evening reach a total of
(Feb. 11) regarding hog-packing in the West state the number 102,080 bales, of which 70,066 were this
to Great Britain, 14,541 to
of hogs packed since Nov. 1, 1879, at
6,100,100, against 6,856,034 France, and 17,473 to rest of the Continent, while the stocks as
that time last season. The
is a comparative summary made up this evening are now 978,017 bales.
following
Below are the
of aggregate exports from Nov. 1 to Feb. 14:
stocks and exports for the
week, and also for the corresponding
week of last season.
1879-80.
Pork
Bacon
.Lard.
lbs.
21,752,600
lbs.235,938,028
lbs.101,958,978
288,111,738
124,895,594
359,649,606
437,078,132
Total
Rio coffee
1878-79.
2 1.070,800
was
Increase.
52,173,710
22,936,616
77,428,526
jobbing lots
a
bet¬
mild
grades
have sold quite freely, notably of
Maracaibo, Pa dang and Sammoerang, and prices have been very firm. Rice has been in
fair demand and firm for all
descriptions ; the market has not
been so active as last week, but prices have ruled
quite steady.
New Orleans molasses has been
very firm, and the aggregate
sales for the last few days have been
2,100 barrels at from 38c.
up to 62c. according to quality ; foreign has been
quiet here at
35c. for 50-test refining,
though there has been some business
in Philadelphia at 34^c.
Raw sugar has been quiet all the
week at 7M@7/£c. for fair to
good refining and
;
7M@8%c. for
Centrifugal.
Ilhds.
32,624
Receipts since Feb.
29,830
32,552
13,487
17,956
Boxes.
560
7,763
2,168
5,259
10,595
Baers.
128,259
187,364
570,220
467,141
32,620
Melado.
1,459
132
for
Kentucky tobacco
$1 10.
Ocean freights have
latterly presented a slightly improve
state of affairs ; rates have assumed a
steadier basis and cor
siderably more business has been reported. The
engagemenl
to-day included grain to Liverpool, by steam, 3%a.,
60 lb.
bacon, 17s. 6d.; butter and cheese, 2Js.
6d.@25s.; cotton, 7-32@
%d.; do. by sail, 3s. 6d.; sack flour to London,
by sail, 15s.; do.
in bbls., Is. 9d.
The charters were : Grain to Cork for
orders,
4s ; do. to Cork, direct, 3s.; do. to
Rouen, 3s. 7^d.; do. to Bor¬
deaux or Antwerp, 3s. 9d.; crude
petroleum to Bremen, 2s. 9d.;
residuum to Liverpool, 2s. 9d.;
naphtha
to Antwerp, 3s.; rofined petroleum in cases, to
Java, 32c. for a small vessel.
The feature in naval stores has been
spirits turpentine, which
has been advanced to 45c. in
sympathy
with the Southern ad¬
vices. Rosins have remained
steady at $1 45@$1 50 for strained
to
good do. Petroleum has latterly shown
irregularity in
sympathy with the Creek markets, where united
certificates
have declined to 95c.; refined,
in bbls., quoted here at 7%c.
American pig iron is, perhaps,
not as strong as of late ; re-sales
of No. 1 are offered at $39,
though
manufacturers still adhere
to $40@$41.
Scotch pig has been weighed down
by the exces¬
sive arrivals; the cable
advices, however, state a strong
market; Eglinton quoted here at $32. Rails still active at
$82 50#$85 for steel, $65@$70 for iron and
$43@$44 for old
iron; sales about 30,000 tons here and to arrive
from
countries.
Ingot copper continues quiet at 24c. forforeign
Lake.
Whiskey is quoted at $110. Clover seed has sold in a small
way at 7@7/£c. for Western
Feb.
20.
France.
N. Orl’ns
26,010
Mobile..
4,300
Charl’t’n
nent.
12.304
1,886
70,066
14,541
Galv’t’nN. York.
Norfolk-
Othei*."
Week.
45,300
4,300
....
9,782
8,065
5,740
12,228
3,9 41
Same
Week
1879.
this
6,986
....
615
615
5,775
1,010
2,638
17,443
9,075
6,490
12,228
6,629
17,473
102,030
....
Savan’h.
Total
Conti¬
....
351
399
....
'
....
....
8TOOK.
1880.
.
1879.
51,840 359,097 382,984
8.807 61,152 45,542
15,171 49,643 38,223
13,344 64,149 74,107
15,439 70,404 61,147
4,779 282,863 164,427
6,845 27,709 26,006
10,000 63,000 29,000
Tot. this
week..
Tot. since
.
126,225 978,017 821,445
r
'
-
Sept. 1.. 1579,078 236,610 544,523 2360,211 2356,310
*
compared
a
decrease
bales, while the stocks to-night
are 156,572 bales more than
they were at this time a year ago.
In addition to above exports, our
telegrams to-night also give
us the
following amounts of cotton on shipboard, not cleared, at
the ports named.
We add also similar figures for New York,,
which are prepared for our special use
by Messrs. Care}, Yale &
has continued quiet,
very fair. The sales for the week are
700 hhds., of which 600 for export and 100 for
home consump¬
tion. Prices are well
supported, and lugs are quoted at 4(
5/£c. and leaf 6@12c. The movement in seed leaf has also
bee
comparatively small, and sales for the week are only 850 casei
all crop of 1878, as follows : 450 cases
Pennsylvania, 9%c. t
21c.; 200 cases New England, 12c. to 25c.; 200 cases 01ii<
6^c. to 12c. The movement in Spanish tobacco is
only fai
and sales for the week are limited to 600 bales
Havana at 80c.(
EXPORTED TO—
Great
Britain.
From the foregoing statement it will be seen
that,
with the corresponding week of last
season, there is
in the exports this week of 24,145
1,579
1,943
active, and rather easier in
price ; crushed and powdered, 9%c. and granulated, 9%c. Tea
is quiet, and more or less
depressed.
The market
Week
ending
The exports this week under the head of “ other
ports" include, from Bal¬
timore, 1,564 bales to Liverpool; from Boston, 2,020 bales to
Liverpool
from
Philadelphia, 35? bales to Liverpool; from Wilmington, 2,638 bales to ;Conti¬
nent.
Refined sugars have been less
though the inquiry is
...
Decrease.
2,31 8.‘>00
advanced to 15/2C. for fair cargoes, with
ter demand both for invoices and
Total this week
Lambert, 60 Beaver
street:
On
■
Feb.
20, at—
Liver¬
pool.
New Orleans
Mobile,
Shipboard, not cleared—for
France.
28.583
8,800
2,800
2,440
Charleston
Savannah
Galveston
New York
Other ports..
2,583
5,000
15,131
6,000
8,000
None.
853
None.
None.
Total
89,693
34.676
34,912
6,480
RECEIPTS SINCE
SEPT. 1.
1878.
N.Orlns 1149,467
Mobile. 310,225
3,000
68,489
892,991
309,353
469,406
622,786
475,053
Florida
N. Car.
94.704
Norf’k*
590,164
436,619
169,812
Other..
212,527
115,017
136,389
N. York
251,384
43,072
36,971
47,749
43,083
18,080
12,672
16,400
27,341
*7,200
11,000
275,663
79,709
200,406 777,611
foreign ports,
bales at presses for
This yr. 3983,518
.
,
-
France.
Other
Foreign
511,082 153,819 136,743
46,043
6,791
4,400
121,491 12,664 128,154
153,568 10,147 168,568
143,893 19,764 26,376
204,066 17,405 36,520
108,875
43,693
118,396
Galv.*.
7,548
107,713
EXPORTED SINCE 8KPT. 1 TO—
Great
Britain.
424,781
652,310
398,572
133,201
17,567
Sav’h..
None.
1,200
Stock.
our usual table showing the movement of
ports from Sept. 1 to Feb. 13, the latest mail dates:
1879.
Char’n*
2,600
1,559
Leaving
Total.
following is
cotton at all the
Ports.
39
None.
350
7,299
8,800
9,798
♦Included in this amount there are —
the destination of which we cannot learn.
The
Coast¬
wise.
Foreign
44,179
.i
Other
....
*
22,668
....
....
1,479
....
....
8,427
Stock.
Total.
801.644 363,185
57,234 62.789
262,309
332,283
44,289
73,569
190,033
74,576
257,991 278,382
i
.
.
.
31,095
m
mmmhm
8,528
3,318
174,609
35,845
14,544
150,933
54,500
1509,012 222,069 527,050 2258,131 995,663
—
"Last, year..
3592,189 1316.240 320,449 593,396 2230,085 846,832
*
Under the head of Charleston is included Port
Royal, Ac.; under the head of
Galveston is included Indl&nola. Ac.; under the head of
Norfolk is included CityPoint, Ac.
.00230.
been comparatively sluggish.
in prices have been much less
The speculation in cotton has
The efforts to promote an advance
In fact, some Of the “bull” party,while professing con¬
higher prices in the course of the season, have been
selling, with the intention, as they say, of becoming buyers
again when prices have settled, or when the tone of the
shall turn more in their favori Foreign advices have been less
favorable, especially from Manchester, and our home markets
for cotton goods are less active.
Receipts at the ports and at
interior towns have, however, been larger than anticipated.
Yesterday, futures quite broke down, under dull foreign ad¬
vices, comparatively full receipts at the ports, and the general
weakening of confidence among holders. To-day the decline of
yesterday was partially recovered on a demand to cover contracts,
in view of the approach of two close holidays coming together.
Bales.
300.
200
400
Cts.
13*96
13*97
13-98
Bales.
Cts.
1,000
2,500
18*99
14*00
1,400
1,800
13*99
14*00
600
400
200
vigorous.
fidence in
008.21207857363..4621135
600
August.
13-83
1,900.
13-84
1,400
13*85
20,300
100
13-87
1,300
13-89
For
1,800
13*90
Feb. 14 to
Sat.
Feb. 20.
Ordin’y.$fl> 1138
113s
11%
Mon Tues
Sat.
Mon Tues
11%
11%
UJl«
11%
123x6
111”16 1178
12516
12316 12316 12%
123,6
12‘16 127i6 12%
12%
12 \
121316 1278
13116
1215,6 121516 13
13i8
13316 13%
Middling... 13%
133a
13~i6 13%
133s
Good Mid
131116 13%
135a
Btr. G’d Mid 13%
143x6 14%
1418
Midd’g Fair 1418
1415,6 15
1478
Fair
1478
Strict Ord..
Good Ord-.
Btr. G’d Ord
Low Midd’g
«tr.L’wMid
11%
12®16
12%
131x6
13%
13%
13%
14%
..
Wed
Frl.
Th.
Wed
Frl.
Th.
15
Wed
13*94
100
*00
80 1
mo
900
13*45
18*48
13*98
Mon Tues Wed
Sat.
113,6
113,6 11%
12^16 11% 111516
121510
12%
I23l0 12%
125x6 12%
125x6 12%
125s
12:%6
12%
1211x6
121%o
1211x6
Middling
Middling
Low
SALES OF
SPOT MARKET
Ex¬
CLOSED.
port.
ConSpec- Tran¬ Total.
sit..
sump. ul’t’n
110
303
451
Quiet at lie dec.. 1,550
Mon
Weak
‘Tues. Easier at lie adv. 1,573
200
Wed Dull at lie dec...
m
m
m
m
.
Fri.
.
300
1,840
411
350
Quiet at i,6 dec..
Firmer at lie adv
....
3,673
Total
Ill
....
.
.
.
.
•
•
•
....
....
daily deliveries given above are actually
vious to that on which they are reported.
The
Cts.
ii...13*01
100
1305
100
13*06
200
13*08
800
13*10
100 s.n. 19thl3*ll
13*11
1,400
200
13*12
900
13*13
500
13*14
200.
13*15
100 s.n. 6thl3*18
200 s.n.lTthl3*18
200 s..,.l}lhl3*18
200
13*18
sort.
.i.q>s»n
400
13*23
#,500
For March.
500
13*03
300
13*04
13*05
13*06
13*17
13*08
13 09
1,500
4,700
3,300
18-10
A UOft
0^00
7,100
.13*11
13*12
13*13
1,000
0,400
13*15
13*10
7,8 0
4,300
0,400
4,700.
13*2J 10,200
110,900
For
2.700
13*21
1,900
13*27
13*28
7,700
3,000.
1,100
100
.......
15,400...
18,400
5,700
3,600
12,900
13*1«
13*20
VOO
13*21
13’22
201,000
1,800..,
3.6 X)
3,500
13*31 10,100
13*32 11T000
13*33
13*84 7,v0».
13*35
13*36 6,100.
13*37 3,700
11,500
4,900
7,300
6.800
t
13*29 15,700
13*30 17,900
2,500
9, 00
10,900
10,600
13*25
4 000
7,300.
32,R0:)
15,109
April.
10,000
2,400
2,200.
4,900
13*28
8,600
3.000
1,900
13*46
13*47
13*43
33*49
1350
13*51
13*52
13*53
13*54
5,500
13*20
13*27
2,100.
13,700
4.200
4,100
...
Cts.
Bales.
13*23
13*24
13*25
5,000
18*17
13-18
10,600
12,*>00
Cts.
'
Bales.
13*14
OOO
delivered the day pre¬
the week
the
the basis of middling), and
a statement of the sales gnd prices :
Bales.
For May.
For February.
<Sales.
100
3,100
have reached during
For forward delivery the sales
'674,100 bales (all middling or on
following is
5,924 674,100
88,400
121,600
2,135 101,900
....
•
Deliv¬
eries.
Sales.
501 80,900
710 155,900
615 125,400
303
....
FUTURES.
700
700
700
300
400
300
1,660
....
301
360
315
.
Thurs
TRANSIT.
SPOT AND
13*33
4,^00
13*39
9,300
2,200
4,900
1,500.
13*40
13*41
13*42
13*55
18*56
13*57
13*58
13*59
13*00
...13*61
13*62
13*63
13*04
13*65
13*66
13*67
13*63
13*69
13*70
1H-71
18-72
..
13*73
13*43
13*44 201,700
13-45
For
13-46
Jane.
13*47
13--48
1.000
13*65
3,800
13*66
13*50
23*51
13*52
13*53
1,20'
13*49
2,200.
5,600
2,000
2,790
12*60
12*01
12-02
12*e4
12*66
i2*07
13*67
'3*08
13*69
13*70
13*71
13*72
13*73
Cts.
13*74
13*7i
3,600
4,200
1,300
13*76
......
13-78
13’-9
13*80
5,000
13*81
13*82
13*83
8,500
13*84
400
1385
2,700
1,000
13*86
...13*87
13-88
13*8W
13*90
2,9>‘0
3,500
4,400
'500
2,700
13*91
13*92
..13*93
2;i00
.12*72
12*73
For
800
700
000..
100.
400
1,400
July.
13*75
13*77
13*78
13*79
13-.S0
13 81
1,000
18*82
..
100
1,200
1,700
300
1,700
.
..
13*83
18-.-4
13*85
13*88
13*89
following exchanges have been
I
to exch. 500 April for June.
to exch. 500 Feb. for May.
.-.
|
Janaary.
12-23
100
made during the week:
April.
show the range of prices paid for futures,
bid and asked at 3 o’clock, P. M., on each day in
Futures
Saturday.
Monday.
Tuesday.
Market.
Lower.
Easier.
Irregular.
For
For
Closing.
Day.
Closing.
For
Day.
Closing.
Bid. Ash
Bid. Ask High. Low.
High. Low. Bid. Ask High. Low.
13*23-13*15 13-13 —
13 20-13*18 13-19 20 13 13-13*11 13*15 —
1318 —
13*27-13*23 13-24 25 13*22-13*15 13*21 22 13*29-13*17
13*42 —
13*52-13*40 13-48 — 13*45-13*39 13*44 45 13*53-13*41
13-62 63
13-73-13*67 13-68 69 13*66-13*59 13*65 66 13*73-13*61
Feb’ry.
March
Day.
.
April...
May
...
June... 13*92-13*86 13-88
July... 14*01-13-97 13*99
August. 14-08-14-06 14*07
Sept’br. 13-56-13-55 13*55
October 12*75-12-72 12*72
Nov’ber 12-44- —
Dec’ber
13-20
Tr. ordClosed
Steady.
—
—
—
.
89 13*85-13*78
— 13*92-13*88
08 14*04-13*96
-13*48
58
74 12*67-12*64
12*40-12*36
-12-31
—
13*84 85 13*93-13-81
13*94 96 14*04-13*92
14*04 05 14*12-14*00
13*51 54 13-57-13*55
12*67 70 12-7512-66
12-48-12-31
13-81 82
13-91 93
14-00 02
13-48 52
12-66 70
—
.
—
—
_
—
13*15
13-15
Very steady.
Barely steady.
Wednesday.
Thursday.
Friday.
Market.
Variable.
Lower.
Firmer.
13*16
13*20
13 42
13*63
June... 13*84-13*78 13*83
.
...
Day.
Closing.
13*93-13*89 13*93
14 02
August. 14*03-13*93
Sept... 13*52-13*48 13*51
October 12*69-12*63 12*68
Nov.... 12*36-12-34 12*36
Closed
.
Day.
Closing
Bid. Ash
High. Loro. Bid. Ask Hi'.:h. Low.
1310 —
17 13-11-13 05 13*03 04 13*10-13*00
13*05 06 13*16-13*03 1312 —
— 13-16-1305
43 13-36-13-26 13*26 27 13*37-13*25 13 33 34
13 54 —
64 13-57-13-46 13*47 — 13*57-13*46
13-72 73
84 13-76-13*65 13*65 66 13*77-13*66
13-82 83
95 13*85-13*75 13*75 76 13*85-13-77
13-90 92
04 13*95-13*83 13*83 84 13 95-13-84
13-40 44
54 13*43-13*40 13*37 39 13-4513-40
13*59 62
72 12*62-12*59 12*57 60 12 62-12 57
12-29 32
40 12*30-12*27 12*23 27 12-31-12-25
-12-22
-12*27
13-10
13*05
—
—
Dec’ber 12*33Tr. ord.
For
Bid. Ask
Eiqh. Low.
Feb’ry. 13*14-1313
13*21-1316
March
April... 13*45-13*39
May ... 13 65 13*59
July
For
Closing.
Day.
—
—
—
Futures
For
—
1—
—
—
—
—
—
13 20
—
—
—
-
—
Steady.
Barely steady.
Steady.
Cotton, as made up
by cable and
telegraph, is as follows. The Continental stocks are the figures
of last Saturday, but the totals for Great Britain ar.d the afloat
for the Continent are this week’s returns, and consequently
brought down to Thursday evening; hence, to make the totals
the complete figures for to-night (Feb. 20), we add the item of
the exports
of
exports from the United States, including in it 1878.
1877.
Friday only.
bales
Stock at Liverpool
Btock at London
Total Great Britain stock .
Stock at Havre
Stock at Marseilles
Stock at Barcelona
8tock at Hamburg
Stock at Bremen
......v;.
Stock at Amsterdam.
Stock at Rotterdam
1880.
463.000
1879.
503.000
33,519
59,250
496,519
46,160
2,300
18,78 4
562.250
Total European
stocks..
..
Egypt, Brazil,&c.,aflt for E’r’pe
Stock in United States ports ..
Stock iD U. 8. interior ports...
United Strtes exports
to-day..
Total visible supply
Of the above, the totals
follows:
5,500
10,750
115,751
239,000
338,000
379.500
612,270
801,250
976,500 1,266,000
129,000
101.000
92,000
528,091
39,442
978,017
186,545
17,000
625,000
23,000
821,445
111,710
20,000
348,000
101,000
528,091
978,017
186,545
.
.
.
17,000
379,000
197,000
625,000
821,445
111,710
20,000
.2,158,653 2,154,155
etc.—
124,000
115,000
59.250
33,519
42,000
14.751 ■
92,000
97,725
Liverpool stock
London stock
Continental stocks
India afloat for Europe
Egypt, Brazil,
97,725
7.000
33.000
29,750
11.000
557,000
38,000
881,244
130,931
15,000
1
633,000
50,000
873,456
98,653
500
2,459,090 2,494,405 2,699,675 3,050.609
other descriptions are as
Continental stocks
American afloat for Europe...,
United States stock
United States interior stocks*.
United States exports to-day.,
Total American
East Indian, Brazil,
162.250
of American and
American—
Liverpool stock
886.500
7,250
21.500
42.750
8.500
599
India cotton afloat for Europe.
Amer’n cotton afloat for Eur’pe
638.500
209,250
4,250
31.000
1,778
1,200
Total continental ports....
849,000
37,500
2,250
5,750
1.300
17.740
25,890
Stock at Antwerp
Stock at other contl’ntal ports.
130,250
3,000
19,500
5,500
626,000
12,500
3,500
59.000
13,000
47.750
66,000
10,500
6,750
&c.,afloat..
39,442
23,000
300.437
340,250
500
13*90
13*91
Total East India, &o
Total American
13*95
,2,459.090
Total visible supply
7 %d.
Price Mid. Upl., Liverpool....
14-92
13-93
13 94
For
100
*23 pd. to exch. 200 Feb. for
1,000
700
400
100
8CC
..
12*74
12*75
For November.
100
12*25
600
12*27
13*52
13*55
.
83,600
For December.
100
12-22
500.
.....12-27
400
12*31
400
12*33
.12*69
1,400
1S'77
200
6,100
12*08
0,900
13*50
The Visible Supply of
SALES.
MARKET AND
Bat..
Frl.
Th.
$ B>. 113x6 113,6 11%
12
Good Ordinary
Strict Good Ordinary
12*59
.
11%
11%
STAINED.
13*40
1,400
13*95
13*96
13*97
12-58 I
200
12*30
12*37
12-39
-12*40
12*41
12-43
12-44
12*43
700
700
800
100
3 0
fOO
100
500
12*57
1,200.
The following will
117,6 11%
11%
U%6
H®16 113s
■Ordin’y.$lb 113s
1113i6 11%
11%
1178
1U3i6
11%
11%
11%
llllltt
Strict Ord.
12%
125x6
125ifl
12%
12516
12»16
1218
123x6
Good Ord.. 1-316
129,6
129x6 129l6 12%
12*16 12»i6 12%
Str. G’d Ord 127ie 1238
1213x6 12%
12%
12l3le 1278
12%
12Hi6 12%
Low Midd’g 12%
131x5
13%6 131x6 13
121516 131-16 13
Str.L’wMid 121516 1278
13%
133x6 13%
13%
13316 13%
13iie 13%
Middling... 1318
13716 13%
13516 1338 13% 137,0 13-c 13%
Good Mid.. 1338
13%
13%
13%
131%6
13%
1311x6
135s
1358
13^16
Str. G’d Mid
14%
14%
14%
14316
14%
14%
143j6
14116
Midd’g Fair 1418
15
14i°i6 15
15
1415x6 15
141316 14%
Fair..
1478
12-34
September.
1,600
and the closing
the past week.
Frl,
Th.
1,000
For October.
100.
200
•100
200.
200
600
100
400.
13-43
•40 pd.
•50 pd.
H916
11%
1115x6
123s
12%6 12^16 12%
1258
129X6 123,6 12%
121&X6
12%
121516 12 78
13%
13%6 13%6 13%
I35l6 13% 13% 135x6
13%
139x6
139.16 13%
13%
1313jr
1313x6 1334
14%
145x6
145x6 14%
15
151x6
151xe 15
12-30
12-31
100
floo
3,000
11%
U%6 11%
1115x6 11%
200
200
5,100
14*10
14-tl
14*12
13*41
.13*42
400
300
100
Mon. Tues
is-yp
300.
200
100
TEXAS.
Sat.
Ct*.
12-28
too
2,5 0
13*91
.13*92
13-93
*
NEW ORLEANS.
200
34*07
14*08
200
600
1.200
The
Bales.
18*56
13*57
.
..
fairly active for export, but
Cts.
400
100
14*09
300
200
100
300
For
700
on
UPLANDS.
600
1,800.
1,800
17,900
the
continued quite small. Shippers have been
favored by the large accumulation of stocks here, and by com¬
paratively low rates of freight. Quotations were reduced 1-16c.
Saturday, advanced on Tuesday, and again reduced l-16c. on
Wednesday and Thursday.
To-day spots recovered 1-16c.,
closing at l3|c. for middling uplands.
The total sales for forward delivery for the week are 674,100
bales, including — free on board. For immediate delivery the
total sales foot up this week 5,924 bales, including 3,673 for export,
1,840 for consumption, 411 for speculation, and
in transit. Of
the above, 1,400 bales were to arrive. The following tables show
the official quotations and sales for each day of the past week:
has continued
300
'
Bales.
14*01
14*02
14*03
14*04
14*051
14*06
1 800
14*01
14-02
14 03
14*04
500
200.
100
market
Cotton on the spot
home demand has
195
THE CHRONICLE.
21, 1880.1
February
.
.2,158,653 2,154,155
465,000
288,000
557,000
881,244
130,931
15,000
555,000
288,000
633,000
873,456
98.653
500
2,337,17& 2.44^609
161,000
12,500
294,000
37,500
91.500
50,000
101,000
38,000
129,000
50,000
362,500
602,000
2,337,175 2,448,609
2,494.405 2,699,675 3,050,600
9*8(1
5%<jd.
6%d.
196
THE CHRONICLE.
The above
figures indicate a decrease in the cotton in sight to¬
night of 35,315 bales as compared with the same date of 1879,
a decrease of
240,595 bales as compared with the corresponding
date of 1878. and a decrease of
591,519 bales as compared with 1877
In the preceding visible
supply table we have heretofore only
included the interior stocks at the 7
original interior towns.
As
we did not have the record of the
new interior towns for the
four years, we could not make a
comparison in any other way.
That difficulty no longer exists, and we therefore
make the fol¬
lowing comparison, which includes the stocks at the 19 towns
given weekly in
old
7 towns.
time but
towns in
our
table of interior stocks instead of only the
We shall
continue this
American—
1880.
Liverpool stock
.Rales
Continental stocks
American afloat to Europe....
United States stock
United States interior stocks..
United States exports to-day..
Total American
Hast Indian, Brazil, dec.—
1879.
379.000
348,000
101.000
528,091
statement for
197,000
625,000
821,445
978,017
327,084
182,246
17,000
20,000
1878.
1877.
465,000
555,000
288,000
633,000
873,456
238,000
557,000
881,244
226,685
15,000
115,000
London stock
Continental stocks
India afloat for Europe
33,519
14,751
97,725
39,442
Egypt, Brazil, &c., afloat
Total East India, &c
Total American
124,000
59,250
42,000
92,000
23,000
161,000
12,500
50,000
101,000
38,000
173,478
500
294,000
37.500
91.500
129,000
50,000
300,437
340,250
362,500
602,000
2,299,192 2,224,691 2,432,929 2,523,434
Total visible supply
2,599,629 2,564,941 2,795,429 3,125,434
figures indicate
increase in the cotton in sight to-night
of 34,688 bales as
compared with the same date of 1879, a
decrease of 195,800 bales as
compared with the corresponding date
of 1878, and a decrease of
525,805 bales as compared with 1877.
an
At the Interior Ports the
movement—that is the
receipts
shipments for the week, and stocks to-niglit, and for the
corresponding week of 1879—is set out in detail in the following
and
statement:
Week
ending Feb. 20, ’80. Week ending Feb. 21/79
Receipts Sbipm’ts
Augusta, Ga
Columbus, Ga....
Macon, Ga
1,888
1,165
Montgomery, Ala
1,663
Belma, Ala
332
Stock.
290
15,600
3,544
17,031
539
3,680
1,550
9,032
7,095
*5,600
15,560 120,962
2,158
14,610
817
.
Memphis, Tenn..
Nashville, Tenn..
14,175
1,335
Total, old ports.
21,375
Dallas,Texas..
Jefferson, Tex t..
Shreveport, La
Vicksburg, Miss.
Columbus, Miss..
Eufaula, Ala
Griffin, Ga
Atlanta, Ga
921
500
2,911
650
700
2,821
5,156
4,791
6,159
12,933
1,107
1,252
..
..
313
948
169
,
30,736 186,545
3,110
5,997
688
822
Cincinnati, O....
8,597
7,460
2,567
3,329
1,902
13,288
4,967
1,683
10,854
7,650
79,652
10,411
Total, new p’rts
30,235
39,765 140,539
51,610
70,501
Rome, Ga
1,128
1,534
Charlotte, N. C..
8t. Louis, Mo
995
1,203
1,371
Receipts Shipm’ts Stock.
1,605
1,355
1,324
2,082
The above statement shows—
1. That the total receipts from the
plantations since
1879-80
1877-78
16,724
9,531
3,632
5,558
were
4.418,608 bales; in 1878-79
were
3,694,908 bales.
were
Sept. 1 in
3,903,111 bales; in
2. That
although the receipts at the out ports the past week
were 115,307
bales, the actual movement from plantations was
only 96,416 bales, the balance being drawn from stocks at the
interior
ports.
some
week
were
Last year the receipts from the plantations for the
125,809 bales, and for 1878 they were 103,318
bales.
Weather Reports
by
almost all sections of the
in
Telegraph.—Some rain has fa’len in
South, but in general it has only been
light showers. In Alabama
heavy rains.
Galveston, Texas.—We have
and
a
been
a
19 towns for the 7
2,299,192 2,224,691 2,432,929 2,523,434
Liverpool stock
These
double
finally shall simply substitute the
the preceding table.
[VOL. XXI.
few other points there have
had drizzles
on four
days of the
past week, the rainfall reaching twenty-nine hundredths of an
inch, but they were entirely insufficient. We are
needing a hard
rain badly.
The thermometer has averaged 58, the
highest point
touched having been 74 and the lowest 45. Indianola, Texas.—There have been light showers at this
point
on two
days, the rainfall reaching thirty-four hundredths of an
inch.
The thermometer has
averaged 58, the highest being 73
and the lowest 43.
Crop preparations active.
Corsicana, Texas.—There
Week, but
has been
no
have had
rainfall, here during the
killing frosts on two nights. Farm work
is progressing
favorably. Average thermometer 57, highest 76
and lowest 32.
we
Dallas, Texas.-^-No rain has fallen during the week, and we are
needing some very much. There have been killing frosts on two
nights. Average thermometer 57, highest 76 and lowest 32.
Brenham, Texas.—It lias not rained at this point
during the
past week. Farm work is
the ground being in good
progressing,
condition.
The recent cold weather has
checked vegetation,
which was
prematurely buddiug. The thermometer has ranged
from 39 to 75,
averaging 55.
New Orleans, Louisiana.—Rain has fallen
during the week on
days to a depth of one inch and sixty-iwo hundredths.
The
thermometer has averaged 61.
two
Shreveport, Louisiana.—The Weather during the week has
dry, and roads are in good condition. Cotton is
coming in slowly. The thermometer has averaged 52, the
high¬
est being 70 and the lowest
34. The rainfall is three hundredths
been fair and
of
on
an
inch.
Vicksburg, Mississippi.—Rain has
two
days.
Planters in this
to cotton this year.
fallen
section
are
during the past week
giving increased land
Columbus, Mississippi.—Tt has rained on one day the
past week,
reaching sixty-four hundredths of an inch, and the
1,789
4,776 rest of the week has been cloudy.
The thermometer has aver¬
14,560 20.299 59,553 aged 57, the
highest
being
66
and
the
lowest 48.
1,424
1,202
11,936
Little Rock, Arkansas.—We have had one
clear day and one
23,149 31,210 111,710 fair day the past week, the remaining days
having been cloudy,
with rain on three of
them, the rainfall reaching fifty-one hun¬
1,105
825
1,601 dredths of an inch.
The thermometer has
833
924
3,587 extreme
averaged 44, the
5,610
range
4,365
having
been
27 to 66.
6,352
3,906
5,138
JSashville, Tennessee.—It has rained during the week on two
3,484
312
696
1,366 days, the rainfall
reaching five inches and seventy-three hun¬
956
1,336
2,780 dredths.
404
Average thermometer 44, highest 68 and lowest 27.
446
1,569
1,126
1,752
Memphis, Tenn^see.—Rain has fallen on two days
5,477
during the
1,047
5,084
1,047
week, to a depth of two inches and fifteen hundredths.
The
729
534
1,070 thermometer has
averaged 46, the highest being 68 and the
9,369
10,974
29,009
lowest 32.
Our last week’s
10,436
8,254
9,157
telegram was not correctly wired,
and should have
said, in addition to what we printed, that the
35,833
36.291
70 536
rainfall for the
294
517
2,770
1,141
3,997
the rainfall
.
week
was four inches and
forty-five hundredths,
having fallen on two days.
Actual count.
Mobile, Alabama.—The earlier part of the past week was clear
tThis year’s figures estimated.
and pleasant, but it has rained
severely two days and has been
The above totals show that the old
interior stocks have showery one day the latter portion, the rainfall reaching two
inches and
adecreased during the week 9,361
bales, and are to-night 74 835 there has forty-one hundredths. As the week closes, however,
bales more than at the same
been a favorable
period last year. The receipts at the
change in the weather. The ther¬
same towns have been
1,774 bales less than the same week last mometer has averaged 55, the highest being 73 and the lowest 39.
year.
Montgomery, Alabama.—It has rained during the week on three
days, one day severely, the rainfall reaching two inches and
Receipts prom the Plantations.—The
following table is
prepared for the purpose of indicating the actual movement each ninety-one hundredths. Average thermometer 54, highest 73
and lowest 35.
week from the plantations.
Receipts at the outports are some¬
Selma, Alabama.—Rain has fallen on three
times misleading, as
days. We have
they are made up more largely one year had an
than another, at the expense of the interior
unusually severe storm this week.
stocks.
We reach,
Madison, Florida.—Rain has fallen during the past week on
therefore, a safer conclusion through a comparative statement three
days. The thermometer has averaged 59, with an extreme
like the following
Total, all.......
327.084
*
58.982
67,501 182.246
Week
ending—
Oot. l24
«•
31
Not.
*
7
14
"
21
"
28
Bee.
“
M
**
5
13.
19
28
Jan.
2
41
0
*»
10
••
23
“
30
Feb.
0
••
13
M
20
P*-
Receipts at the Ports. Stock
at Inter’r Ports
Rec’ptsfrom Plant’ns
1877-78 1878-79 1879-S0 1877-78 1878-70
1879-80 1877-78 1878-79 1879 80
157,809 162,236 214,461 80,374 97,887 95,993
179,238 180,520 229,227
177,338 157,280 245,613 105,814 115,034 115,735
202,776 174,427 205,355
198,776 •182,874 225,087 126,620 149,498 133,905
219,582 217,33S 243,257
194,571 176,004 220,216 132,403 174,583 187,126
200,354 201,089 273,437
200.980 181,376 218,408 136,941 188,491
218,998 205,518 195,284 250,280
172,216 184,625 249,152 157,082 205,912 264,183
192,357 202,046 294,337
174 365 220,748 216 167 169 073 230 280
287 109
251 116 239 093
202,805 220,291 234,876 185,605 259,120
317,468 219,397 243,140 205,235
231,594 204,882 218,907 226,559 280,957
343,503 272,488 226,710 244,942
224,634 199,9S1 207,601 261,876 294,281
364,920 259,951 213,305 229,024
165.755 143,155 154,306 253,239
281,634 355,943 157,118 130,508 145,323
148,099 121,091 149,486^ 436.293 253,647
349.859 125,153 93,104 143,402
153.727 113,613 129,489 2$7,3S0
233,236 352,383 154,814 93,202 132.013
164.059 148,648 168,280 242,013
218,53; 355,074 168,692 133,997 173.971
159,186 167,097 137,191 244,404 220,935 301,880
161,667 169,447 140,997
137,138 171,008 112,303 240,708 214,117 357,916
133,352 164,790 108.399
123,030 150,841 119,854 233,103 190,765
345,975 112,485 127,489 107,913
109 738 134 398 115 307 226 68^
lRO.SWrm 0K4 103.31s} 135 800
rain
of 32 to 87.
Macon, Georgia.—It has rained during the
past week
day. The thermometer has ranged from 31 to 74,
range
RECEIPTS FROM PLANTATIONS.
90 416
„
on one
averaging 58.
durieg the week on two
Columbus, Georgia.—Rain lias fallen
to a depth of one inch and forty-seven hundredths.
The
thermometer has averagtd 54, the
highest
being
70
the
and
lowest 35.
days,
'
'
Savannah, Georgia.—Rain has fallen on four
days, but the
balance of the week has been
pleasant. The thermometer has
averaged 60, the highest being 76 and the lowest 41, and the
rainfall has
reached forty-four hundredths of an inch.
Augusta, Georgia.—During the earlier part of the week two
days were showery, but the latter portion has been clear and
pleasant. The thermometer has ranged from 34 to
81, averag¬
ing 58. The rainfall for the week is twenty-one hundredths
of
an inch.
Charleston, South Carolina.—It has been
showery three
week, the rainfall reaching seventy hundredths ofdays
aa.
inch. Average thermometer 59,
highest
71 and lowest 43.
The following statement we have also
received by
showing the height of the rivers at the points named attelegraph.
3 o’clock
Feb; 19, 1880, and Feb. 20, 1879.
of the
.
February 21,
THE CHRONICLE,
1880.]
Pel). 19, ’80. Feb. 20, 79
Feet. Inch.
Feet. Inch*
.Below high-water mark..
6
1
3
11
.Above low-water mark... 27
3
9
18
Above low-water mark... 42
2
23
10
Above low-water mark...
8
10
1
15
Above low-water mark... 29
5
29
10
New Orleans reported below bigb-water mark of 1871 until
Sept. 9, 1874, when the zero of gauge was changed to high-water
mark of April 15 and 16, 1874, which is 6-10ths of a foot above
1871, or 16 feet above low-water mark at that point.
Comparative Port Receipts and Daily Crop Movement.—
A comparison of the port movement by weeks is not accurate,
as the weeks in different years do not end on the same
day of the
month.
We have consequently added to our other standing
tables a daily and monthly statement, that the reader may con¬
stantly have before him the data for seeing the exact relative
movement for the years named.
First we give the receipts at
each port each day of the week ending to-night.
PORT RECEIPTS FROM
According to the foregoing, Bombay appears to show an increase
compared with last year in the week’s receipts of 14,000’ bales, and
an increase in
shipments of 10,000 bales, and the shipments since
January 1 show an increase of 29,000 bales. The movement at
Calcutta, Madras, Tuticorin, Car war, &c., for the same week and
years has been as follows.
CALCUTTA, MADRAS, TUTICORIN, CARWAR, RANGOON AND KURRACHRE.
Shipments this week.
Year.
New
of
Or¬
we’k leans.
Mo¬
bile.
Sat. 10,643
Mon
8,029
Tuee 6.437
1,620
1,212
Wed
1,262
1,651
3,370
Thur 11,998
Fri.. 6,387
Char¬ Savan¬ Galleston. nah. vest’n.
1.638
2,166
1,043
1,578
846
926
906
693
7,497
1,993
869
4,152
3,233
2,591
2,351
2,416
2,063
1,764
928
8,094 15,626
Wil¬
Nor¬
folk.
Total.
ton.
2,571
2,830
2,087
3,107
1,841
303
3,037
119
9,826 15,543
832
1,472
1,612
AU
ming¬ others.
164
91
110
45
1,414
2,115
1,758
1,615
1,998
2,125
20,967
23,239
18,058
14,386
21,994
16,663
11,025 115,307
Sept’mb’r
Year
1879.
Novemb’r
Deoemb’r
333,643
888,492
942,272
956,464
January
647,140
Ootober..
Tot. year.
1877.
288,848
689,264
1876.
98,491
578,533
822,493
900,119
689,610
779,237
893,664
618,727
1875.
236,868
675,260
901,392
1874.
169,077
787,769
610,316
740,116
821,177
500,680
637,067
134,376
536,968
676,295
759,036
444,052
1,763,011 3,269,740 3,039,246 3,101,96^ 2,977,753 2,550,727
3,000
5,000
receipts Jan. 31..
73-52
71*08
76-82
7105
to the above totals to Jan. 31 the
daily receipts since that time, we
shall be able to reach an exact
comparison of the movement for
the different years.
1877-78.
1876-77.
3,000
7,000
Conti¬
11,000
19,000
11,000
12,000
3,000
4.000
Total.
nent.
6,000
10,000
18*000
17,000
29,000
29,000
16,000
4,000
week
last
For the whole of India, therefore, the total
shipments this week and since January 1, 1880, and for the
corresponding weeks and periods of the two. previous years, are
year.
,
follows.
as
EXPORTS TO EUROPE FROM ALL INDIA.
1880,.
Shipments
to all Europe
from—
This
week.
Bombay
All other ports.
Total
1879.
Since
Jan. 1.
This
week.
1878.
Since
Jan. 1.
This
Sinoe
Jan. 1.
week.
23,000
3,000
87,000
17,000
13,000
; 7,000
58,000
29,000
to
ooOO col
119,000
29,000
26,000
104.000
20,000
87,000
27,000
148,000
interesting comparison of the
ending Feb. 19, and for the three
to date, at all India ports.
Alexandria Receipts and
Shipments.—Through arrange¬
ments we have mada with Messrs. Davies, Benachi &
Co., of
Liverpool and Alexandria, we shall hereafter receive a weekly
cable of the movements of cotton at
years up
Alexandria, Egypt. The
following are the receipts and shipments the past week and for
the corresponding weeks of the previous two
years.
—
Feb. 19.
72-94
This statement shows that up to Jan. 31 the receipts at the
ports this year were 498,271 bales more than in 1878-79 and
678,765 bales more than at the same time in 1877-78. By adding
1878-79.
Great
Britain.
Total.
2,000
3,000
4.000
Alexandria, Egypt,
Pero’tage of tot. pori
1879-80.
nent.
Shipments since January 1.
This last statement affords a very
total movement for the week
Beginning September 1.
1878.
Conti¬
The above totals for this week show that the movement
from
the ports other than Bombay is 4,000 bales less than same
The movement each month since Sept. 1 has been as follows:
Monthly
Eeoeipts.
Great
Britain.
1880
1879
1878
1877
of
D’ye
Tot. 46.864
SATURDAY, FEB. 14, ’80, TO FRIDAY, FEB. 20. ’80.
197
1875-76.
1874-75.
1880.
1879.
1878.
Receipts (cantars*)—
This week....
Since Sept. 1
70,000
3,120,000
36,000
2,405,000
This
Since
This
Since
week.
Sept. 1.
This
week.
Since
Sept. 1.
week.
Sept. 1.
Exports (bales)—
To Liverpool
To Continent
32,000
1,457,000
219,500
9,274 135,032
5,000 126,000
2,000 54,500
6,000 190,000
6,000 127,000
Total Europe
9,275 354,532
7,000 180,500 12,000 317,000
3,768,011 3,269,740 3,089,246 3,101,966 2,977,753 2,550,727
Feb. 1....
S.
36,304
23,495
23,468
20,601
11,093
“
I3P Our readers should notice that the receipts at Alexandria already
2....
S.
22,580
22,487
20.117
19,795
17,152 mane the Egyptian crop in sight larger than
“
our estimate of December
3....
S.
20,354
23,729
25,716
28,011
15,618 6. This is au important fact in estimating supply.
“
4....
15,208
S.
38,564
35,541
17,084
This statement shows that the.
16,721
“
receipts for the week ending
5....
15,582
23,999
20,000
28,732
Feb. 19 were 70,000 cantars, and the
19,076
21,174
“
shipments to all Europe
6....
21,929
23,378
22,343
8.
25,353
14,337 9,275 bales.
“
7....
11,289
25,634
S. ‘
16,653
17,146
20,332
Manchester Market.—Our report received from Manchester
“
8....
S.
24,175
22,806
19,637 ; 26,011
27,461
“
to-day (Feb. 20) states that prices of both twists and shirtings
9....
S.
34,438
15,100
25,768
14,452
15,578 have further advanced the past week, the
“
quotations now being
10....
S.
12,915
34,476
15,706
20,184
16,994 ll^@12|d. for twists, 7s. 9d.@8s. 9d. for
“
shirtings; our report
11....
18,057
8.
19,174
26,965
19,055
16,817 further states that the market is dull.
We leave previous
“
12....
22,370
17,632
23,264
29,647
16,269
14,124 weeks’ prices for comparison. “
13....
25,523
21,018
S.
20,075
24,479
15,019
“
1879-80.
14.,..
20,967
29,598
S.
14,800
1878-79.
27.614
11,948
“
8.
15....
16,652
19,886
20,474
18,047
Cott’n
24,471
Cott'n
“
32s Cop.
8% lbs.
328 Cop.
16....
Mid.
8% lbs.
8.
23,239
Mid
19,536
13,249
16,948
12.974
Twist.
Twist.
«
Shirtings.
Shirtings/ Uplds
Uplds
17....
S.
18,058
33,559
11,673
15.928
16,081
“
18....
14,386
28,820
S.
30,281
d.
d. s. d.
s.
16,235
d.
11,581
d.
d.
d. s. d.
s.
d.
d.
“
Dec. 19 10 ®1O70 6 9 @3 0
19....
21,994
11,730
16,474
613le 7^8® 3% 5 3 ®7 4is
19,420
12,079
16,112
“
26 10 ®107e 6
9
0
®8
678
7&8®8l4 5 3 ®7 4is 5 He
20....
19,408
16,663
14,837
8.
18,071
9,456 Jany. 2 10 ®107f. 6 9 ®8 0
61310 77s®858 5 6 ®7 6
54
9 1038&105J 7
0
@8 3
71i6 7%®8is 5 6 ®7 6
Total
“
4,098,825 3,702,358 3,449,810 3,463,525 3,303,654 2,843,337
16 10^2)L078 7 lis®8 4»a 7!8
778®8C8 5 7k)®7 7i« 54
“
Percentage of total
23 10*2® 1078 7 3 ®8 6
7
778®8is 5 7is®7 7ia 55lB
“
30 101s® 11
7 3
P*rt reo’Dts Feb. 20.
®8 6
83-25
79 38
85-77
71ia 7%®8is 5 6 @7 6
7882
81-30
54
Feby.
6 11 ®ll% 7 3 ®8 6
7i4
7%®8i* 5 6 ®7 7ia 5%
This statement shows that the
“
13 11is®ll% 7 6 ®3 6
receipts since riept. 1 up to
7is
750®8is 5 6 ®7 7ia 5%
“
20 11:is®1218 7
9 ®8 9
to-night are now 396,467 bales more than they were to the same
730
?ia®830 5 4ia®7 7ia 5*18
Tot. Jn.31
•
.
.
,
“
day of the month in 1879, and 649,015 bales
more
than they
the same day of the month in 1878.
We add to the last
table the percentages of total port
receipts which had been
received to Feb. 20 in each of the years named.
India Cotton Movement from all Ports.—The
figures
which are now collected for us, and forwarded
by cable each
were to
Friday, of the shipments from Calcutta, Madras, Tuticorin,
Car-
war, &c., enable us, in connection with our previously-received
report from Bombay, to furnish our readers with a full and
■complete India movement for each week. We first give the
Bombay
down
to
statement for the week and year, bringing the figures
February 19.
Year Great Conti¬
Brit’n.
nent.
Great
Total. Britain.
1880 8,000 15,000 23,000
1879 7.000 6,000 13,000
1878 13,000 11,000 24,000
1 flP77
7.000
Shipments since Jan.
7.000
Conti¬
1.
Reoelpts.
This
Week.
nent.
Total.
34.000
31.000
53,000
27,000
41.000
78.000
56 OO'*
87,000 36,000
58,000 22.000
119,000 31,000
50.000
106.000 28.000
though no large transactions have been made as yet, more
business is looked for.
There have been sales of 1,000 rolls in
lots since our last, at the figures then quoted, but the market has
become firmer, and higher figures are asked, holders now
quoting
10c. for 1f lbs., lOJc. for 2 lbs. and 11 £c. for 2$ lbs. Butts have
been
active, and the tendency is upward. Late cables from Cal¬
report an excited market, and higher figures are being paid.
This brought buyers into the market here, and 2,500 hales were
taken in lots at advancing prices, and at the close the
feeling is
strong, with dealers quoting 3 6-l6c. for paper quality and 3fc.
for spinning grades, to arrive.
Spot lots are not in demand, but
cutta
full
BOMBAY RECEIPT8 AND SHIPMENTS FOR FOUR YEARS.
Shipments this week
and
Since
Jan. 1.
152,000
109,000
203,750
156.000
quotations
are
reported.
The Exports of.Cotton from New York this week show
an
increase, as compared with last week, the total reaching 6,490
nales against 4,930 bales last week.
Below we give our usual
table showing the exports of cotton from New
York, and their
direction, for *»ach of the last four weeks; also the total exports
and direction since Sept. 1,1879, and in the last columQ the
total
for the
same
period of the previous
year.
THE CHRONICLE.
198
Exports of Cotton (bales) from
New York since Sept.
Same
Week ending—
Exported to—
Jan.
28.
1,700
Liverpool
Feb.
11.
Feb.
18.
2,738
4,387
5,640 203,100 174,161
100
4,312
6,706
Havta
.
2,738
1,700
4,387
year.
5,740 209,806 178,473
351
145
639
.
Total to period
date.
previ’ua
Feb.
4.
Other British ports
Total to Great Britain
1.1879.
17,756
10,220
100
Of-her French ports
195
884
500
....
Haiti bn rg
351
145
639
Bremen and Hanover
Other
Burkitt, steamer (Br.), from Savannah for Reval, before
reported, was placed on the slip, Jan. 27, at Refshalco for repairs.
Steamer City of Washington, Timmerman, at New York February ll
from Havana, on Feb. 9, lat 32, long. 78 20, passed two bales of
cotton, apparently not long in the water.
William
Cotton
299
543
17,756
12,280
12,098
1,702
2,224
635
19,209
651
100
ports
Total to North. Europe
399
543
846
1,354
10,320
14,435
33,713
freights the past week have been as follows:
Liverpool, steam d. 316'®14 316®*4
Do
sail...*?.
532
B32
Havre, steam—c. 58®...' 58®sail
Bremen, steam, .c.
sail
Do
3,20*6
•
<fcc
Total Spain,
....
3.729
3,723
Grand Total
3,660
....
All other
4.930
6,490 264,481 206,888
The Following are the Receipts op Cotton at
Boston, Philadelphia and Baltimore for
3,660
3,206
New York,
Receipts
This
week.
from—
N. Orl’ans
Texas....
Savannah
| Since
jSept. 1.
This I
week.
Since
jSept. 1.
7,461 118,449
2,505
| 84,186
2,869
1,352
2,616 167,239
Baltimore.
19,838
2,869
31,639
This
week.
Since
Since
This
Sept.l. week. Sept. 1.
3,402
2,575
114
14,101
1,738
41,387
65
550
298
8,921
8,784
64,307
Mobile,
196
Virginia..
5,489
1,626 99,361
99 36,616
3,173 174,637
North, pts
Tenn.. &c.
5,6*37
138,238
Foreign..
6
2,321
Florida.
.
S.Car’lina
N CaFIina
41*3*74
1,114
2,357
3,432 112,621
3.002 119,050
1,900 50,484
10,000
This year. 20.214 832,370 15,517 327,391
2,020 70,627
3,700 133,921
5.834
Last year. 23,500
643,206ill,171 206,394
*
'
462
2,580 54,311
3,318lll6,803
News.—The exports of cotton from the United
States the past week, as per Latest mail returns, have reached
77,976 bales. So far as the Southern ports are concerned, tli^se
are the same exports reported by telegraph, and published in
the Chronicle last Friday.
With regard to New York, we
include the manifests of all vessels cleared up to Wednesday
Shipping
night of this week.
Total hales.
Liverpool, per steamers Celtic, 1,775....City of
Brussels, 964
Abyssinia, 731
Wyoming, 2,170
5,640
To Hull, per steamer Marengo, 100
100
To Havre, per steamer France, 351
,
351
To Bremen, per steamer Main, 299
299
To Rotterdam, per steamer Maas. 100
100
.
New Orleans—To Liverpool, per steamers Teutonia, 4,974
Elvira, 2,418... .Chancellor, 5,500 and 40 sacks seed cotton
Enrique, 4,620
17,525
To Cork, per bark Miunet, 1,762
1,762
To Havre, per skip Lovise, 3,944
per bark Maria Stone-
New York—To
5,608
501
2,661
1,664
To Rouen, per bark Conte Geza, 501
To Bremen, per steamer Sybil, 1,895
per brig Andrea, 766.
To Barcelona, per barks Aurora, 698
Princesa, 305
Catalina, 454
To SiCerno, per bark Urauo, 1,400.
man,
1,457
1,400
5,689
Mobile—To Liverpool, per ship City of Brooklyn, 5,689.
Charleston—-To Liverpool, per ship Andrew Jackson, 3,363
Upland and 231 Sea Island....per barks Pride of Wales,
2,810 .Upland
Dona Talesfora, 1,550 Upland
To Barcelona, per brig Balmes, 550 Upland
Savannah—To Liverpool, per barks Capenhurst, 2,125 Upland
Waqissa, 2,870 Upland and 30 Sea Island
To Rotterdam, per bark Elieser 1,550 Upland
'
7,954
550
To
To
Ghent, per bark Brodrene, 1,440 Upland
Barcelona, per brigs Conckita, 309 Upland
Amable
Teresa. 57.8 Upland
Texas—To Bremen* per bark Christiane, 1,334
Wilmington—To Bremen, per bark Maggie O’Brien, 2,588
Norfolk—To
Liverpool,
per
°8® ...*
c8®--.*
*2
Amst’d’m, steam, c.
58
«8
The
Liverpool, per steamer Pennsylvania, 312...
*
Havre
and
Hull.
New York... 5,740
N. Orleans... 17,525
Mobile
5,689
Charleston
7,954
Savannah
5,025
Texas
‘
and
Cork. Rouen
351
1,762
6,109
Rot’dam
and BarceBreGlient. Iona.
men.
299
100
2,661
....
2,990
...
Wilmington
1,334
2,588
Norfolk
10,450
Baltimore:..
893
Boston
1,900
Philadelphia
887
bales.
64,000
Forwarded
Sales American
Of which exporters took ....
Of which speculators took..
Total stock—Estimated
Of which American—Estim’d
Total import of the week.
Of which American
Actual export
Amount afloat
Of which American
10,000
50,000
4,000
5,000
481,000
351,000
73,000
63,000
6,000
309,000
Sales of the week
..
81,000
9,000
54,000
5,000
5,000
499,000
372,000
101,000
81,000
4.000
291,000
253,000
278,000
Feb. 20.
Feb. 13.
79,000
21,000
47,000
80,000
14,000
53,000
5,000
9,000
485,000
368,000
74,000
61,000
8,000
294,000
7,000
18,000
463,000
348,000
57,000
42,000
4,000
334,000
281,000
254,000
the
have
Wednes.
Saturday Monday. Tuesday.
Spot.
Market,
?
12:30 p.m.
$
Mid. Upi’ds
Mid. Orl’ns.
Mod.
inq.
freely
supplied.
7*2
Friday.
Thiirsd’y
Mod.
Easier.
Firmer.
Firm.
771«
77i6
77l6
7 ®16
7*16
758
)
Market.
5 P. M.
Easier.
73s
7*2
73s
7*2
7®16
>
inq.
freely
supplied.
-
—
J
Spec. & exp.
12,000
2,000
8,000
1,000
8,000
1,000
Sales
15,000
2,000
8,000
1,000
Quiet.
Dull.
8,000
1,000
Futures.
\(
Market,
5 P. M.
Dull.
Dull.
Steady.
.
Steady.
The actual sales of futures at Liverpool for the same week are given
below. These sales are on the basis of Uplands, Low Middling clause,
unless otherwise stated.
Saturday.
*
Delivery.
d.
May-Jnne
71eo)1532
Jnne-July
7l732®*2
July-Aug
7«i6'3>l732
d.
Delivery.
7? i6
7la32
Feb
Feb.-Mar
Mar.-Apr
7i332
Apr.-May... 7iB32®7i6
Delivery.
Sopt.-Oefc
d.
7%
7732
733*
Oct.-Nov
Deo.-Jan
7«8
Aug.-Sept
Monday.
Delivery.
Delivery.
Delivery.
..7ilg2®5i6 JUly-Aug
7li32®Bi6 Aug.-Sept
Mar.-Apr
Apr.-May.. ,.738®ll32 Feb
Feb.-Mar..
t1B32'®716
712®1B32
7Bie
7
Nov.-Dee
May-June —7U*32®38
711b*
7i33a
7716
Mar.-Apr
May-June
June-July
Apr.-May
,73e
June-July ...77iq®1332
Tuesday.
Delivery.
Delivery.
71732
Aug.-Sept
Sept.-Oct. ....712®1732
738®1332
7n32
Delivery. '
79ig
Sept.-Oct..
....
Feb.-Mar
.7332®^ Mar.-Apr
Oct.-Nov.
Nov.-Dee
7
Apr.-May
Apr.-May
7iB32
7716
Apr.-May
May-June
June-July
73s
73s
7t332
77i«
7*632
Wednesday.
Delivery.
71132®38
April-May —71332® 3q
Mar.-Apr
..7i332
May-June
no.
:,400
....
....
....
....
....
....
Mar.-Apr
6,490
30.914
5,689
8,504
8,902
Apr.-May
May-J une
738
7%
f
June-July.. .7iB32®7i6
J uly-Aug
7 ^ ® 1 b32
t..71e
7*2
7biq
Apr.-May
June-July
•7616
71332
Feb.-Mar
E*
July-Aug
Nov.-Doo
Friday.
Delivery.
7Bia
2,588
Mar.-Apr
Apr.-May
7®?iq®bi <
....
May-June—
Delivery.
Delivery.
July-Aug
Mar.-Apr
7716
Aug.-Sept
7iB32 Apr.-May
7Bis
>7H3*
Nov.-Dco
C*Blft
,
Feb.-Mar
312
,
7H32 Aug.-Sept
738®113 2 Sept.-Oct
77ie ® 7s Mar.-Apr
1,334
'893
1,900
Oct.-Nov
71332
,77ia
71732
Delivery.
Delivery.
I
7H32
Total.
10.450
Delivei'y.
Apr.-May
May-June
July-Aug
Thursday.
Feb
Feb.-Mar
Saler¬
....
Delivery.
June-July.. -77i6®1532
July-Aug
7*2
Aug.-Sept
71732
Feb
....73s
■
73s
Feb.-Mar
7932®518
® 1132® 38 ® 14 32
June-July 73i®1332® *5
Feb.-Mar
Apr.-May
May-June
79*2
7®32
7»32
Aug.-Sept
77i«]
Feb.-Mar
7Bi«
May-June
7Bio
77,976
vessels
BBEADSTUFFS.
carrying cotton from United States ports, etc.:
Canopus, steamer (Br.), Horsfall, from Boston, which arrived at Liver¬
pool Feb. 16, experienced heavy weather during the passage, lost
boats, and sq stained other damage.
33PXA8, steamer ,(Br.), which arrived at Liverpool January 31, from Now
Orleans, stranded on Florida Reef and remained a short time, and
*8
...'d
The tone of the Liverpool market for spots and futures each day cf
week ending Feb. 20, and the daily closing prices of spot cotton,
been as follows:
887
1,334
2,588
312
pttisoped about $00 bales cotton.
Feb. 6.
Jan. 30.
Delivery.
Total.
55,488 1,762 6,460 6,882 3,090 2,894 1,400
Below we give all news received to date of disasters to
-
...®
°8
Liverpool.—By cable from Liverpool, we have the following’
the week’s sales, stocks, &c., at that port:
usual
our
....
55*6
..
....
1,457
*2
*2
•
...g>
5s®...*
5s®...*
58®-.-*
*2
-
statement of
Mar.-Apr
.738®1332
Apr.-May
73ea>7i6
May-June ,.7133o-@ib32
June-July
7"i«®12
are as
Liverp’l
®8®
*2
Compressed.
Feb.-Mar
77,976
particulars of theje shipments, arranged in
follows:
*2
Baltic,* steam—d. 716®l532 716®1532 716®1532 716® *B32 71«®1532 71G®1532
Do
sail
d.
1,440
1,900
312
Total
form,
58*
*2
-
,
<®
...e.
893.
ian, 1,328
=
V
*2
5s®...*
Jhly-Aug...,. 7*2®1732
893
Liverpool,per steamers Marathon, 572....Bulgar¬
Philadelphia—To
*2
3l e® *4 3ie® 34
B32
B32
58®-.-*
V
Feb
Baltimore—To Liverpool, per steamer Sarmatian,
Boston—To
*2
■*2
5,025
1,550
ships W. A. Campbell, 5,920
*2
V
the past week, and since
Philadelphia.
Boston.
B32
*2
September 1, 1879:
New York.
^le®^
“32
*2
*2
sail
316®14
V
sail...c.
Do
Spain, Op’rto, Gibralt’r,&c
c.
Hamburg, steam, c.
Do
Wednes.
V
c.
Fri.
Tkurs.
Tues.
Mon.
Satur.
h
Do
Total French
[ * OI. XXX,
'
Friday, P. M., February 20, 1880.
The flour market has
changed
very
prices during the past week, but the
scarcely
so
little in the matter of
feeling of holders was
firm, especially for the medium and better grades,
February
THE CHRONICLE.
21, 1880.]
for which the demand was
Seeing wheat sell
quite moderate.
April at little more than “spot ” prices, receivers have not
only been disposed to sell promptly on arrival, but to reduce
stocks in store as much as possible, without pressing too
strongly on the market. Grades below $5 75 are not plenty,
-and rule steady. Rye flour is unsettled. Corn meal in fair
demand and firm. Buckwheat flour about steady. There was
scarcely a new feature or quotable change in to-day’s market.
Wheat has ruled firm, and the close is at a slight advance
on last Friday.
Receipts at the West have continued small,
and some further progress has been made in the reduction of
the visible supply in American markets. The current low
rates of ocean freights have stimulated the export business,
and the regular trade has been comparatively active. The
highest prices were yesterday, when No. 2 red Winter sold at
$1 51 on the spot and $1 51%@$1 51% for March and April,
and No. 1 white at $1 48%@$1 49 on the spot and for Febru¬
ary, and $1 49% for March and April; No. 2 Milwaukee
Spring $1 44 and No. 3 do. $1 38. To-day the market was
weak, and the close was %@lc. below these prices, with an
199
1880.
1879.
453,355
778,438
736,208
558,555
1,441,589
6,230,228
1,399,115
450,937
233,590
3,164,713
4,250,510
1,595,620
6,942,442
4,130,519
662,028
187,096
655,401
151,495
1,052,226
3,552,903
957,506
459,057
112,052
9,859,967
13,165,309
6,133,744
Flour....
1878.
1877.
for
unsettled
Indian
feeling.
corn
has been
doing better, especially for the prime
grade of No. 2 mixed, both on the spot and for future delivery,
with sales yesterday at 61@62%c. in store and afloat, 57%c. for
March, 55@55%c. for April and 54c. for May. Supplies coming
forward do not exhibit the marked increase
which has been noticed for
demand has become much
over
last year
wreeks past, and the regular
active. To-day however, trade
some
more
quieter, and prices were slightly easier.
Rye has been dull, but 20,000 bushels prime State sold yes¬
Barley is quiet; late sales include No. 1
terday at 95c.
Canada at 95c. Buckwheat in the grain sold early in the week
at 54@55c.
Oats have been variable, but close somewhat
firmer, especially for mixed ; No. 2 mixed sold for April, early
in the week, at 56%c.
To-day the market was dull, yesterday’s
prices not being fully supported, with No. 2 graded closing at
48%@48%c. for white and 48@48Mc. for mixed.
The following are closing quotations:
Wheat...
Corn....
Oats
...
bush.
.
Barley...
Rye
Total grain
9,755,459
....
Rail and lake
Week
Feb. 14
Feb. 7
Jan. 31
Jan. 24
1,285,422
shipments from same ports for the last four weeks.
Flour,
bbls.
68,530
ending—
*
Wheat,
Corn,
bush.
bush.
Oats,
284,307 1,418.077
133,506 1,080,265
226,900 1,064,352
55,735
70,009
86,176
255,229
Total, 4 w’ks.280,450
651,041
Rye,
bush.
1
96,414
43.854
65,352
130,873
184,898
149,726
bush.
22,350
37,581
30,492
18,395
55,539
642,010
904,942 4,213,735
1,836,472 2,735,237
4 weeks ’79..518.622
Barley,
bush.
176.513
261,155 108.824
378,556 96.379
935,148
Receipts of flour and grain at seaboard ports for the week
ended Feb. 14:
At—
New York
Boston
Oats,
Barley,
bush.
bush.
buali.
biiab.
37,950
12,652
..
..
144,900
69,200
1,543
3,000
1,475
41,500
405,500
Rye,
4,200
*
8,800
44,000
15,453
..
569,114 151,672
195,841 17,250
1,500
4,500
80,148
43,758
10,000
4,844
12,380
8.177
..
Baltimore
New Orleans...
Corn,
bush.
19,797
1,200
..
Philadelphia...
Wheat,
bbls.
45,311
..
Portland
Montreal
Flonr,
1,200
40
36,500
2,500
2,500
82.852
18.052
75,942
51,206
15,200
32,542
437,678
Total week...
107.152
257,454 1,757.533 261,139
Cor. week’79.... 250,432 1,726,006 2,503,975 355,756
..
And from Jan. 1 to Feb. 14, inclusive, for four years:
1879.
1880.
Flour...
Wheat...
..
1877.
1,177,541
1,131,056
1,111,391
867,904
bush.
4,239,612
11,060,258
2,135,999
8,794,847
8,991,420
12,168,523
1,618,601
940,407
132,372
1,108,357
8,188,550
1,745,035
533,653
165,108
23.851,323
11,740,703
Corn
Oats
9,819,877
1,798,811
'
Barley
Rye
1878.
bbls.
.
767,470
128,637
711,094
233,457
18,331,976
21,358,036
..
was
GRAIN.
FLOUR.
:
$ bu.$l 35
No, 2 spring...... 1 40
5 00® 5 40
5 50® 5 85
6 00® 7 15
5 90® 6 40
6 50® 7 25
6 50® 8 00
5 65® 6 25
Western
Spring wheat extras..
do XX and XXX...
Winter sliipp’g extras.
do XX and XXX...
Minnesota patents...
€ity shipping extras.
Southern, bakers’ and
family brands
6 75®
South’n ship’g extras. 6 15®
Rye flour, superfine.. 4 85®
7 50
6 60
5 15
2 85®
Western, &c.>.
Brandywine, <6e
Buckwheat flonr, per
®
100 lbs
160®
Amber winter...
Rod winter, No. 2
White
No. 1 white
Corn—West, mixed
Western No. 2
Western Yellow..
Western White...
3 10
3 30
1 75
®1
®1
®1
®1
®1
®1
142
1 50
1 42
1 48
57
60
®
®
.®
60 ®
93 ®
47 ®
Rye
Oats—Mixed
White
Corn meal—
47*2®
State, 4-rowed...
State, 2-rowed...
82
75
70
Peas—Cau’d^.b «fcf.
82
Barley—Canada W.
37
43
49
50^
61
61
65
96
48ia
50^
®1 00
®
82
®
73
®
95
.
Receipts of flour and grain at Western lake and river ports
ending Feb. 14, 1880 :
for the week
Wheat,
bbls.
-
Corn,
bush.
bush.
At—
(196 lbs.)
Chicago
34,885
(56 11)8.)
116,319 1,019,249
Milwaukee
33,364
745
156.003
67,703
3,963
2,503
21,347
47,647
10,800
124,465
2,400
Toledo
Detroit
Cleveland......
8t. Louis
Peoria
Duluth
1,475
Total
98,282
Same time ’79.116,071
.
(60 lbs.)
828.075
Oats,
Barley,
bush.
bush.
Rye,
bush.
(32 lbs.) (48 lbs.) (56 lbs.)
9.054
233,585 42,014
23,550 48,860
9,010
16,511
21,331
17,600
134,235
108,000
834
Portland*
Montreal
Flonr,
Wheat,
Corn,
Oats,
Rye,
Peas,
bbls.
bush.
bush.
bush.
bush.
bush.
53.676
468,422
12,879
121,136
411,151
133.780
6,457
23,711
1,001
5,518
Total for w’k 83.161
Same time ’79. 109,047
1,102,757
23,483
954,109
31,166
525,337 2,996,687
554.812 158,577
43,738
844,0611,547,987
271,621136,967
49,482
from Jan. 1 to Feb. 14, inclusive,
1880.
1879.
1878.
bbls.
663,802
773,710
763,138
576,581
bush.
5,786,764
15,219,615
2,594,851
8,678,601
9,361,823
2,352,431
2,371,678
957,718
334,178
1,027,862
420,169
8,038,105
6,626,912
2,466,505
1,321,302
356,098
24,893,126
21,840,886
18,808,922
Corn
Oats
Barley
Bye....v
Total grain....
Total receipts (crop movement) at the same
to Feb. 14, inclusive, for four years:
1879-80.
115
6,572 12,379
24,359 189,158
941,496
1,815,059
13,194
36,378
3,000 bushels barley.
The visible supply of
at the principal points
grain, comprising the stocks in granary
of accumulation at lake and seaboaiu
ports, and in transit by lake and rail, Feb. 14, was as follows:
In Store at—
New York
Do. afloat (est.)
...
Albany
Euflalo
Chicago
Do
afloat....
Milwaukee
Duluth
1877.
Oats,
Barley,
bush.
bush.
bush.
622,304
544,468
455,000
374,754
121,000
37,000
91,000
271.000
271.511
380,000
915,992
147,256
336,908
143,181
501,072
Oswego (est.)
Philadelphia
6,357
*.
164,900
Indianapolis
Kansas City
741,271
633,741
Baltimore
Rail sliipmonts...
Lake shipments..
Feb.
7, ’80
Jan. 31. ’80
Jau. 24. ’80
Jan. 17. ’80
Corn,
bush.
5,913.997
893,000
1,000
735,208
8,649,740
157,040
4,953,100
270,000
1,311,076
1,700,750
St. Lonis..;
Boston
Toronto
Montreal
Peoria
Wheat,
284,307
•
32,500
139,971
394,646
250,700
204,907
136,274
1,418,077
7,564,828
1,503,950
877,893
337,106
1876-77.
3,598,066
3,535,532
5,219,753
•
685,954
57,135
252,004
607,443
103,018
36.000
5*852
4,789
525,000
72,829
4.400
62,789
•
29,247
5.662
11.408
145,853
130,321
8,839
2,756
36,510
164,590
172,900
141,912
3,264
10,414
37,600
5,700
12,587
176,513
96*414
22,356
-
28,889,896 14,817,756 3,018,733 3,897*025 902,674
29,593,726 14,282,836 3.328,269 4,250.946 1,075,924
30,089,871 13,060,353 3,079,306 4,154,588
978,662
30,809,160 12,129,048 3,122,319 4,244485 979,567
31,023,306 11,927,167 3,317,942 4,403,114 1,068.112
20,736,750 10,351,246 2,346,964 4,300,391 1,353,361
The Albany Argus gives the following corrected statement
of the quantity of grain on rail and in store at New York,
Buffalo, Chicago, Milwaukee, Toledo, Detroit, &o., in compari¬
son with the figures in 1879:
•1880,
Week ending
Week ending.
bush.
Wheat
Corn
Oats
Rye
Barley
Totals
ports from Ang. 1
1877-78.
•
bush.
229,605
9,900
54.800
Feb. 15, ’79
12,710,455
1878-79.
.
Rye,.
584,000
17,555
1,188,656
4,939,501 1,126,673
'
1,394,132
77,025
50,066
175,000
97,079
908,435
27.696
8,370
210,000
1,800
209,573
1,574,280
150,978
109,893
Feb. 7.
Wheat
:
250,022
146,543
331.463
Baltimore
7‘,676
v
9,600
1,200
3,573
Philadelphia..
Total
1,350
6,370
18,470
341,965
From—
New York
Boston
12,187
23,000
Total receipts at same ports
for four years:
Flour
53,850
591,153
7,195
155,200
for week ending Feb. 14:
19
4812
(From the “ New York Pi'oduce Exchange Weekly.”)
Flour,
....
*
WheatNo. 3 spring,
$ bbl. $100® 4 65
Superfine State aud
No. 2
Total grain
Jan. 31.
1879.
Week ending
Feb. 8.
t
30,017,300
30,513,500
20.988.900
13,665,600
2,932,300
13,060,400
922,500
3,980,900
979,700
10.831.900
2,346,000
1,321,300
4,174,600
4,541,200
51,518,600
51,807,800
40,029,300
3,079,400
THE DRY QOOD3 TRADE.
Friday, P. M., February 20, 1880.
dry goods has shown only a moderate degreo
activity the past week. There was a continued lull in tho
Wheat
bush. 68,171,194
31,766,691
64,767,465
51,523,396
Corn
59,721,245
49,429,2181 41,716,528 46,214,729 demand for cotton goods and prints at first hands, but leading
Oats
14,878,062
17,018,285
19,213,411
12,598,737
7,347,743 makes of woolen goods were in steady request, while a fairly-,
8,824,602
Barley
8.069,638
7,810,162
Rye
2,114,590 satisfactory movement was
1,376,512
2,382,915
3,286,166
in progress in dress goods, gingham*,
Total grain
157,021,492 142,856,244 118,311,063 100,024,490 lawns, hosiery and underwear. Prices of all cotton, woolen
Comparative shipments of flour and grain from the same and mixed fabrics are very firmly maintained, and stocks ara
more uniformly light than at any rims since the War.
ports from Jan. 1 to Feb. 14, inclusive, for four years:
Ttw
Flour...
bbls.
2,990,627
The market for
of
....
THE CHRONICLE
200
[Vol.
J.
-
XXX.
-
-
Receipts of Leading Articles of Domestic Produce.
jobbing trade has been somewhat irregular, and while business
The following table, based upon daily reports made to the
was relatively quiet with houses who chiefly supply small
New
York Produce Exchange, shows the receipts of leading
retailers, a large distribution of domestics, prints, hosiery, &c.,
articles of domestic produce in New York for the week ending
was made in package lots by some of the leading firms.
Domestic Cotton Goods.—The exports of cotton goods, during with Tuesday last (corresponding with the week for exports)
the week ending February 17, from this port were 2,083 pack¬ also the receipts from January 1, 1880, to that day, and for the
ages, of which 1,612 were shipped to Great Britain, 124 to U. S. corresponding period in 1879:
of Colombia, 101 to Brazil, 60 to Venezuela, 47 to Hayti, 44 to
British West Indies, and the remainder, in small lots, to other
countries. There was a steady though less active demand for
all kinds of
plain, colored and fancy cottons at first hands, and
liberal deliveries were made by agents in execution of former
orders.
Prices remained very firm but without material
change. Print cloths were; in steady demand, and strong at
5/£c. for 64x64s and 5c. for 56x60s, with no pressure to sell even
at these figures. For ordinary prints there was a compara¬
tively light inquiry, but prices ruled firm. Wide prints and
other printed cotton fabrics, such as lawns, jaconets, tissues
and piques, were in good request, and Cocheco lawns were
further advanced to 12/^c. Ginghams
wl^re in steady demand,
and cotton dress goods were decidedly more active.
Domestic Woolen Goods.—There has been
a
fair demand for
men’s-wear woolens,
and the tone of the market continued very
strong, in sympathy with the still upward tendency of the staple.
Fancy cassimeres and suitings were in good request by clothiers,
and many prominent makes of heavy-weights are so far sold
ahead that agents have temporarily withdrawn their samples.
Cheviot suitings also received a fair share of attention, and
further liberal orders were recorded for over-coatings and
beavers. Cloths and doeskins met with moderate sales, and
blue flannel suitings moved freely on account of old orders.
Kentucky jeans were more sought for, and leading doeskin
makes were further advanced by manufacturers’ agents.
Satinets continued active, and many styles are sold in advance
of production. For flannels the demand has been very satisfac¬
tory, though somewhat less active than a month ago, and there
was a moderate inquiry for small lots of blankets.
Worsted
dress goods were in good demand, and low-grade alpacas,
poplins and cashmeres were marked up by agents representing
some of the most popular makes.
Foreign Dry Goods.—There has been
a
moderately-increased
Staple dress goods
demand for foreign fabrics at first hands.
were not
Week ending
Feb. 17.
i*
Ashes
Beaus
'
Since Jan.
1880.
90
531
792
1,317
7,238
15,024
.hbls.
48,644
546,923
637,943
2,197
11,300
114,048
13,648
529,416
150,326
100,988
15,916
21,267
21,297
4,420,718
..
Corn meal
Wheat
..bush.
.bales.
..bales.
..sides.
64,455
.pigs.
3,263
1,356,804
51,197
2,820,450
1,191,044
689,537
68,653
217,815
4,600
2,936
39,793
22,372
9,181
2,908
477,710
11,182
1,551
31,592
Rye
Corn
Oats
..brsh.
..hush.
..bush.
Barley and malt..
Peas
Cotton
:
Cotton seed oil
Flax seed
Grass seed
Hides
Hides
..bales.
...bbls.
......
481
55
...bags.
...bags.
5,676
1,427
1,433
.
Hops
Leather
Lead
Molasses
Molasses
Naval Stores—
..
.
..
Turpentine, crude.
Turpentine, spirits
Rosin
Tar
Pitch
Oil cake
404
.hhds.
.bbls.
..
..
.bbls.
bbls.
101,754
3,306,398
915,820
681,503
72,184
173,322
7,255
2,514
47,058
32,528
16,789
13,821
570,837
349,384
47,343-
50
394
180
1,306
8,262
12,928
46,136
2,883
4,996
31,284
3,264
...bbls.
333
50
246
287
.pkgs.
10,867
78,670
49,432
.t.bbls.
galls.
338
1,063
3,169
..bush.
4,456
20,600
17,163
..pkgs.
1,482
11,848
410
6,192
45,318
6,862.
330,056
.
Oil, lard
Oil, whale
Same time
last year.
...hbls.
...bbls.
Breadstuff's—
Flour, wheat
1,
..
Peanuts
Provisions—
Pork
Beef
7
Cutmeats
..pkgs.
.pkgs.
.pkgs.
pkgs.
.
.
Eggs
-
...bbls.
tee. &bhls.
Lard
Lard
..kegs.
....tfo.
Hogs, dressed
Rice
268,558
142,600
46,020
19,569
8,815
14,223
15,369
2,681
3,403
2,745
.
Butter
Cheese
.,pkg8.
•
45,999
.63,495
15,828
22,672
13,697
9,725
..slabs.
Spelter
Stearine
486
14
47
.pkgs.
.
..bbls.
hhds.
..pkgs.
boxes & cases.
Sugar.
Sugar
.
Tallow
Tobacco
Tobacco
•
..bbls.
Whiskey
2,432
55
6,165
13,963
20,773
6,370
2,199
3,850
1,575
7,381
44,549
4,421
247
Wool
82,155
174,953
139,206
21,604
179,631
6,126
39,482
5,207
16,447
5,368
632
17,347
19,492
14,362
3,058
49,474
8,301
active, but considerable transactions were re¬
Exports of Leading Articles of Domestic Produce.
ported in fancy fabrics of British and Continental manufacture.
The following table, based upon Custom House returns, shows
Dress silks were more sought for, and there was a fair move¬
ment in both plain and fancy silks.
Housekeeping linens were the exports from New York of all leading articles of domestic
in steady demand, and firm at the late advance, and a fair in¬ produce for the week ending with Tuesday last; also the exportsquiry for fancy white goods, embroideries and laces was re¬ from the 1st of January, 1880, to the same day, and for the cor¬
ported. Woolen goods for men’s wear have received more at¬ responding period in 1879:
tention, and some makes are being more freely imported, owing
Week ending Since Jan. 1, Same time
to the prevailing high prices for competing
Feb. 17.
domestic fabrics.
1880.
last year.
Hosiery continued in good demand, and there was a brisk move¬
30
bbls.
98
298
Ashes, pots
ment in Lisle-thread gloves.
10
42.
bbls.
Ashes, pearls
very
importations of dry goods at this port for the week ending
Feb. 19, 1880, and for the corresponding weeks of 1879 and
1878, have been
as
follows:
Pkgs.
Manufactures of—
Wool
Cotton
Silk
Flax
Miscellaneous
Total
1,118
Value.
$
467,703
474,903
546,368
1879.
Pkgs.
890
1,522
780
1,285
290,717
1,493
1,310
199,376
574
6,015 1,979,567
1,321
874
Value.
5,155 1,850,773
WITHDRAWN FROM WAREHOUSE AND THROWN INTO
ING THE 8AME PERIOD.
Value.
$
1,286
1,698
1,068
2,314
812
532,491
544,261
697,697
456,940
210,802
7,178 2,442,191
THE
MARKET
DUR¬
3,027
540,826
6,015 1,979,567
Total
9,042 2,520,393 11,541 2,323,719 11,737 3j017,509
380
252
159
489
166,675
71,970
148,088
103,340
50,753
338
135,792
301
104
91,871
96,735
82,064
66,494
429
5,214
6,386 472,946
5,155 1,850,773
ENTERED FOR WAREHOUSE DURING
608
268
113
797
566
SAME
388
3S7
179
370
158,869
3,235
56,723
4,559
575,318
91,228
174,199
94,299
7,178 2,442,191
PERIOD.
241,242
284
121,578
74,349
79,391
154,296
58,681
200
61
235
2,879
51,435
54,182
42,513
239
293
86
650
151,377
35,224
1,409
27,116
94,014
68,586
85,442
394,772
Corn meal
bbls.
...bush.
...bush.
...bush.
...bush.
Rye
Barley
Peas
—
Corn
Candles
..
.pkgs.
Coal
Cotton
Domestics
...pkgs.
Hay
2,352
607,959
6,015 1,979,567
3,659
304,932
5,155 1,850,773
2,677
426,535
7,178 2,442,191
Total at the port...
8,367 2,587,526
8,814 2,155,705
9,855 2,8G8,726
1,297
556,271
12,879
2,757
Spirits turpentine.
Pitch
OH cake
Oils—
Whale
Lard
Linseed
Petroleum
Provisions—
Pork
Beef
Beef
Cutmeats
Butter
Cheese
Lard
•
663
15,336
3,535,794
275,322
23,084
4,763,496
17,384
72,188
23,979
7,291
525,539
1,549
1,860
5,786
2,083
1,892
47,972
2,884,184
7,783
9,741
26,545
13,621
12,011
1,719
475,303
1,217
90,876
3,968,666
8,777
10,981
45,946
20,988
6,132
13,821
bbls.
bbls.
....bbls.
197
578
100
1,809
7,735
27,217
22,862
....bbls.
249
106
700
714
810
809
72,226
281,983
228,467
8,276
7,036
792
40,348
53,873
3,415
4,413,700
43,001,032
...
...
....gals.
....gals.
Sperm
561
230
Hops
Naval Stores—
Crude turpentine.
...bbls.
....bbls.
.tierces.
lbs.
lbs.
lbs.
...bbls.
Rice
Tallow
.hhds.
Tobacco, leaf
Tobacco
bales and cases.
..
Total
Ent’d for cousumpt.
530,823
Rosin
Total
Mut’d for cousumpt.
Manufactures of—
Wool
Cotton
8ilk
*.
Flax
Miscellaneous
84,597
...bbls.
.
Tar
1,747
market...
Flour, wheat
Flour, rye
Oats
Manufactures of—
Wool
Cotton
Silk
Flax
Miscellaneous
on
5,759
....bbls.
1880.
$
282,661
129,974
7,250
Wheat
Pkgs.
416,892
409,038
612,208
1,302
Breadstuff's—
19, 1880.
ENTERED FOR CONSUMPTION FOR THE WEEK ENDING FEB.
1878.
lbs.
Beeswax
Importation* of Dry Goods.
The
Tobacco.manufactured, lbs.
lbs.
Whalebone
......
4,335
.
29,785.
1,429
1,576
6,804
9,908
13,116,974
555,752
74,212,219
412,103
3.281,754
9,703,915
5,362,502
28,788,236
174
1,667
7,355,806
1,138,647
1,742
1,404;
205,240
5,070
10,866
7,857
1,042,738
26,497
14,161
*23,521
136,751
1,348
18,065,905
31,170
6,584
6,978
117,483,034
4,621,936
13,490,810
45,737,898
2,842
11,217,269
5,971
5,541
1,004,906
@FedFRASER