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L
HUNT'S MERCHANTS' MAGAZINE.
REPRESENTING THE COMMERCIAL AND INDUSTRIAL INTERESTS OF THE UNITED STATES
VOL.
NEW
30.
YORK, FEBRUARY
Brown
&
Phelps, Stokes
Co.,
WALL
Co., Drexel, Morgan & Co.,
WALL STREET,
ST., N. Y.,
BUY AND SELL
ONGUKAT imiTAlN AND
1UKLANI>. FRANCE,
GKUMANY, BELGIUM AND UOLLAND.
CODIMERCIAL CREDITS,
In Dollars for use in United States, Cuba, &o..
Pounds Sterling, available in an^part of the world.
Also, TIIAVKLEBS' CREDITS and
Issue Commercial and Travelers' Credits
And
and
South TniBD
through London
otlior countries,
and Paris.
Antwe rp.
Paid-Up Capital,
- -
^7g, &
Ehilk dk Gottal.
Ad. Frank (Frank, Model ds Cle.)
Auo. NoTTEUOHM (Nottebohm Freres).
F«. Dhanis (MIchlelsLooB).
JOH. Dan. Fuurmann, Ja. (Job. Dan. Fnbrmann).
Louis Webkr (Ed. Weber & Cie.)
JuLBS Kactinstbauou (C. Scbmld A Cle.)
TRANSACTS
A
OENERAI. BANKING BUSINESS.
AaA
P. Potter, Prest.
Eddy.
J. J.
Cashier.
Maverick National Bank,
BOSTON,
$400,000
400,000
OOI/LKCTIONS a
nd Bunkers
spceialt r.
Business from Banks
sollcittid.
Satisfactory buxinoss
respondence invited.
paper
I.KWI8 U. TAYLon, Jr.
L.
H. Taylor
discounted.
Cor-
LiNDLBY Haines.
&
Co.,
Bankers and Brokers,
138
SOUTH THIKD STREET,
PHILADELPHIA.
Doposlts received flubject to cheek at sight, and
interest allowed i>o dally balances.
Stoclcs, Bonds, &c., bouffht and sold on commission
in Philadelphia and other cities.
Particular attention niven to information regardInK Inveatment Securities.
Kountze Brothers,
BANKEBS,
13 'WALL
iBBue Commercial and Travelers' Credits available
In all parts of the world. Draw Time and Sight Bills
OB the Union Bank of London, and on Ttie Credit
Lyonnais, at Lvons or Paris. Make Cable Transfers.
A. H. Brown
&
Co.,
BANKERS AND BROKERS,
T WaU St., Cor. New, New York.
DfVESTMKNT SECURITIES.
BPeelal attsnuon to boilneu of ovantry
buki.
CO.,
LONDON.
& W. SeligmanSc Co.,
BANKERS,
OSCAR B. SMITH.
H. COX.JR.,
&
Pomeroy, Cox
Smith,
No. 37
&
Co.,
BANKERS AND COMMISSION MERCHANTS
2 Exchange Court, New York.
Bills of
Bxckange and make telegraphic
money on Europe and
&
Co.,
BANKEBS>
No. 3 Broad
Brexel Building,
St.,
I,V
GOVERNMENT AND IN VKSTMENTSErUUITIES
BUY AND SKM. ON OOMMISSION
New
Hong Kong &
Shanghai
BANKING CORPORATION.
CAPITAL (paid-up)
RESERVK FUNU
BEAD
»5.000.fX)0
1.400.000
OFFICE,
The Corpor^lon
Saigon,
HonK Kong,
Foochow, Amoy,
Nlnptpo. Bhanehat, Hankow, Yokohama, Hiogo. San
Francisco and London.
IVALTBK, Agent, 59 TO^all St.
Manila.
JOHN
ClBOIII,AB
CO.,
LONDON.
NOTBS ASD CBBDITB FOB TBATBLBBS.
&
Stuart
&
Co.,
J.
33 NASSAU STREET.
BILLS OF EXCHANGE ON
HiniTH, PAYNE & SiniTH'S,
J.
BANKERS, LUNDUM
tANCHESTER
"
dc
;
COUNTY BANK,
LIMITED ;••
MANCHESTER, PAYABLE LN LONDON;
ULSTER BANKING COnPANT,
BELFAST, UtELAND:
AND MSr THB
NATIONAL BANK OP SCOTLAND,
ALSO.
XABLB TRANSFERS
AND LETTERS OF CBKDrT
No. 45 Wall Street,
Transact a general banking and brokerage bu«l.
ness in Railway Shares and Bonds and GoTernment
JCnoblauch
securities.
Interest allowed on deposits.
Investmenta carefully attended
BANKERS,
PARIS.
EDINBURG, AND BRAj(CHBS;
Gwynne & Day,
Hatch
CO.,
ic
ALEXANDERS &
HONO KONG.
grant Drafts and negotiate or
Bombay. Calcutta, Singapore,
collect Bills payableat
Co.,
STBRLma CUEQUBS AND BILLS AT SIXTY
DAY&' SIGHT ON
all securities dealt In at the
Yorit StocfcPilxchanKe. Brokers in State. Kail-
way, Mnnicipal, Mining and Miscellaneous stocks
&
No. 8 VTall Street, New York,
No. 4 Post Offlce Square, Boston.
CHEQUES AND CABLE TRANSFERS ON
For cash, or on marKin,
and bonds.
trto*-
California.
John Munroe
BUTNROE
Clinton B. Fisk
AMoa, Anatralli
nd America.
Draw
BROAD STREET.
R. T. Wilson
Issue Letters of Credit for Travelersi
Payable In any part of Europe, Asia,
fers of
BANKERS AND BEOKERS,
rEstablished 1854.1
STREET, NEW^ YORK,
ST.,
69 BXCHANG'B PLACE,
CORNER BROAD STREET, NEW TOBK.
DE AI.KltS
CAPITAL,
SURPLUS,
mORGAM &
63 WALL STREET. NEW YORK.
38 STATE STREET, BOSTON.
KDWAIID POMKROY, W.
Qrt&ar, President.
J. S.
OLD BROAD
BARING BROTHERS & COldPANY,
BOARD or DIRECTOBS
Fbux
Attobctbts and Aqbktb or
raeaaris.
No. 28
J.
9,000,000 Francs.
Alfekd Maqoinay (QralTA Maqulnajr), VloePres
J. B. VoN s«B BiCKK (B. Von der Becke).
Otto g^jnthrk (Cornellle-UaTld).
Pari*.
Deposits received subject to Draft. Becuntlea, Gold,
sold on Commission. Interest allowed
on Deposit!*. Foreif^n Kxchaufre. Commercial Credits.
Cable Transfers.
Circular Letters for l*r»TelerB,
available In all parts of the world.
G. C. Ward,
AGENTS FOE
& Co
Boulevard Haoiamaon
Ac. bought and
Collections of Drafts drawn abroad on all
points in the ITnitud States and Canada, and
of Drafts drawn in the United States
on Foreign Countries.
Anversoise,
31
DOMESTIC AND FOREIGN BANKERS.
Martinique and Guadaioupo.
Hake
Banque
Drexel, Harjes
St.
Pblladelplila.
BIAKE TELECSRAPHIC TRANSFERS
OF inwNKY
this
Drexel & Co.,
No. S4
ANY PART OF THE WORLD.
IN
in Francs, in
Between
CIRCCIjjIR notes^
STERUNO,
Ilf
AVAILABLE
CORNER OF BROAD, NEW YORK.
OF EXCHANOF.
BIL,L,S
BA>KLKs<
JAMES STOKKS,
ANSON I'UKLPS STOKES.
45 WAI-I. ST., NEW YORK.
&
Brothers
No. 69
765.
Financial.
Financial.
Financial.
Centrale
NO.
21, 1880.
&
&
'WUllam
Foote,
No. 12 ITALI.
Lichtenstein,
BANKERS,
to.
STREET
BCT AHD SILL
BONDS, GOLD, STOCKS
BOVEBNMKNT
WJSCKUANEUUS SECCBITIBS.
AUD
St., oor. BxcIianBO
NEW YOIiK.
Plac
liake Telegraphic Money Transfers.
Draw Bills of Exchange and Issue Letter* el Credit
A all principal cities o Europe.
SPECIAL PAKTNEK,
DBUTSCHB BANK,
B«rUB.
THE CHRONICLE.
Foreign Banker§.
Merchants' Bank
Nederlandsche
or
Handel-Maatschappij,
JOHN HAMILTON.
Vice-Pre«ldent, JOHN McLKNNAN,
OF
K«Q.
;
OLIVER S. CARTER,
STANTON BLAKE,
:
Comp'y.
IX)NDON, ENO.-The Clydesdale Banking
N. B. A.
NEW YORK—The Bank of New York. Sterling
ExThe New York Agency buys and sells
HENRY
SKw
m
change. r*ble Transfers. Issues Cred ts available
collections In Canada
ill parts of the world, makes
of
inifelsewhcre. and issues Drafts payable at any
Demand Drafts
Canada.
bank
in
of
t\lo
offices
the
every
and
Ireland,
and
Scotland
l»8ued payable in
description of foreign banking business undertaken.
ToKK. January
Office,
HENRY HAGUE.
HARRIS
B.
JR.,
SURPIiVS,
-
GEOKOE STEPHEN,
Nos. 59
^k
BLAKE
OFFICE,
New
WALTER Watson, \ Agents.
A. LANO,
Surplas,
)
Exchange, Francs and Cable
Transfers grant Commercial and Travelers' Credits
available In any part of the world issue drafts on
and make collections In Chicago and throughout
Buy and
sell Sterling
BOSTON.
No. 9 Blrcbln Lane.
AGENCY OF THE
Ba n
k
or
British
No. 52
Buy and
Issue
fers.
TTALL STREET.
sell Sterling
Exchange and Cable Trans-
demand drafts on Scotland and
STATE STREET, BOSTON.
40
State. City,
IN GOVERNMENT 8EC0JIITIE8, Golfl
County and Railroad Bonds
on Canada, British Columbia, Portland, Oregon,
and San Francisco.
Bills collected and other banking business transD. A.
acted.
MCTAVISH,
W. LAWSON,
(
j
.„._,,
Agents.
L.
H.
8.
Capital, $1,000,000.
HOWLAND, President D. R. WILKIK, Cashier
;
HEAD
OFFICE, TORONTO.
SIMMONS' BUILDING,
Boston, Mass.
Agent.
Issues Commercial and Travelers' Credits available
any part of the world. Draws Exchange, Foreign
and Inland, and makes Transfers of Money by Telegraph and Cable. Gives special attention to Gold
and Silver Bullion and Specie, and to California
Collections and Securities! and arranges to pay
Dividends on such securities at due dates.
Bankers, London, SMITH, PAYNE & SMITHS.
UNION BANK OF LONDON.
do
do
YORK, N. B. A.
do New York, BANK OF
do American Exchange Nat. BANK.
do
THE
Anglo-Californiaii
NEW YORK Agents,
J. i,
$6,000,000.
1,700,000.
Lombard
In
New York:
Bank or Montbeal,
Wall street.
Promptest attention paid to collections payable In
any part of Canada.
Apnroved Canadian business paper, payable In gold
or currency, dl8i.ounted on reasonable terms, and
proceeds remitted to any part of the United States bj
gold or currency draft on New York.
93
streets.
I
5i>
F.
LOW,
*
)
Managers
Managers.
BANKERS,
Wall
7* Devonnlilre
Street,
NEW VORK.
VIRGINIA BKC0KITIB8
and
a
ipeclaltv.
CorreupoDdeDce
iifihed.
N. 1
.
aDd
Information
fttr-
CORRB8PONDKNTB— McKlm Bfolhers A To.
U^HBueB,
B. £.
solicited
A.
Prefl't.
K..
WALKXR^Oaahlef.
First National Bank,
WILMINUTON, N.C.
made on
Collections
all
parts of the United States
Thos. P. Miller
&
Co.,
BANKERS.
inOPILfi, ALABAMA.
Special attention paid to collections, with prompt
remittnnces at current rates of exchange on day at
payment.
„ ^ »t
Correspondents.— German- American Bank, New
York Louisiana National Bank. New Orleans Bank
of Liverpool, Liverpool.
;
;
U. F.
Fknzkl.
President.
J
i
STATK BANK,
Incorporated
(
let (5. (
C. T. Walk«B
Cashier.
German Bank,
LITTLB ROCK, ARK.
Geo.Wni.Ballou&Co
8
Co.,
Si'.OKKliS,
BALTIir.OUE.
INVKbTMKNT
Boston Bankers.
Dealers In American Currency and Sterling Exchange.
Agents
FRED'K
IG.NATX 8TE1NHART.
P. N. ULIEXTH AL. Cashier.
BANKKKS ANi^
Co.
Transact a general banking business. Issue Commercial credits and Bills of Exchange, available in
all parts of the world. Collections and orders for
Bonds, Stocks, etc., executed upon the most favor-
CATHARINES, PORT COLBOKNE, ST. THOMAS
LSGERSOLL, WBLLAND, UUNNViLLE, FERGUS.
1
St
W. Seiieman*
Authorized Capital,
Paid up and Reserve,
&
Wilson, Colston
TBOS. p. MILLEU. K.U.WILLIAMS, JNO. W. MILLKB
CHAS. B. MILLKK.
LONDON, Head Office, 3 Angel Conn.
SAN FRANCISCO Office, 4a California
ST.
Agents in London;
BosANutrKT, Salt & Co.,
Bank
(LIMITED).
ableterms.
Bbanchvs:
Curtis,
STOCK BROKERS,
Street.
BKANDEE,
•
Imperial Bank of Canada
&
Jackson
Sontlicrn Bankers.
Ireland,
also
Co.,
DEALERS
NEW
North America,
&
Chas. A. Sweet
in
Office,
EXCHANGE PLACE,
No. 7
Invested ta V. S. Bonds,
$3,500,000 Gold.
GEORGE
;
London
H. Peck,
F.
;
the Dominion of Canada.
h)\n«,
BANKERS
BROS. & CO
Wall
Yoi k Agency, 62
Board
BANKER AND BROKER
OF SAN FRANCISCO.
WALL, STREET.
61
investment Securities constantlvon
The Nevada Bank
President,
KEW YORK
New
York.
Calitornia Banks.
SMITHERS, General Manager.
C. F.
Orders executed on Commission at Brokers
Auctions, and Private Sale,
AUSTEKDAM, HOLLAND
N. T. Correspondents.—Messrs.
CAPITAL,
taper.
America
)
COMMISSION MERCHANTS
i
$12,000,000, Cold,
e,ooo,eoo, coid,
•
\
for
BANKERS
AMD
Bank of Montreal.
-
AgenU
Commercial
and
Dealers In Stocks, Bonds, Gold
Adolph Boissevain & Co,
Agents.
*^"'"
J
UAWLEV,
E.
)
1, 1ST9.
142 Pearl Street
New York Agency, 48 KxchaDRe-place.
JOHN
Boston, Mass.
Execute orders for the purchase or sale of Merchanthe
dise Honds, stocks, and other securities. In
Uniied iitateB, Europe and the East make Collections,
buy and sell Korcien Exchange, and give advances
upoumcu-u
noon Merchandise (or Export.
Manager.
BANKERS,
No. 35
($14,400,000, tiold.)
OFFICE, OTONXKBAI..
HEAD
OBOROB HAGUE, General Manager.
WM. J. INGRAM. Asst. General
BANKERS
Co.,
CONGRESS STREET,
HOI.IjAN1>,
BSTABLI8KD 1824.
Capital. 36,000,000 Fiorina.
Pald-ap
'^
PTMldent, the Hon.
&
Brewster, Basset
The Netlierland Trading Society
$5,o00,«00 Paid Up.
$av
.
•
•
Capital,
i
Bo§ton Bankers.
Canadian Banks.
CANADA.
XXX
Vol.
St.,
CAPITAL
«T5,000.
(PAiD-m)
21,000.
80BM.D8
Prompt attention given to all hualness In our line.
N. Y. CoKEKspoNDaNTS, Donnell. Lawson & Co. and
he Metropolitan Nnilonal
BOSTON.
ftanlr.
Financial.
DEPOSITS Received and interest allowed.
Foreign Bankers.
Nederlandsch Indische
Handelsbank,
AinSTERBAM, H O L A N D
li
Established in
.
1863.
Fald-Vp Capital, 13,000,000 Guilders
($4,800,000 Gold.)
OFFICE IN AMSTERDAM.
HEAD
Aj^ncies
SECURITIES For
Geo.
Latx Cashixb Blackstons National Bank)
BANKER AND BROKER.
No. 51 STATE STREET,
BOSTON.
Deal er
In
CITY, COUNTY and
Parker
Stackpole,
BANKERS,
BLAKE BROTHERS
&. CO.,
Agents fod North America,
m wall street, new york,
«8 BTATB STRBKT BOaXOS,
&
RAILROAD BONDS
No. 68
DEVONSHIEK STREET.
BOSTOSr.
Beers, Jr.,
SECURITIES, CITY
BROOKLYN
Gas Stocko,
BONDS,
dec.,
HAS REMOVED TO
1 NKIV STREET,
Stanton D. Loring,
Soerahaya and Samarang.
Correspondents in Padang.
business of a financial character in connection with
the trade with the Dutch East Indies.
Sale.
Geo. H. Holt.
Wm. Ballou.
in Batavla,
IsBve commercial credits, make advances on ship.
ments of staple merchandise, and transact othei
N. T.
RAILROAD and MUNICIPAL
Choice
No.
Kay
1
,
N EW YORK
1879.
H. W. Rosenbaum,
Excbange Place,
61
BUYS AND SELLS
RAILROAD BONDS AND STOCKS.
ALL CLASSES OF INVESTMENT AND MISCELLANEOUS SECUBITIKS NOT ACTIVELY
DEALT IN AT THE NEW YORK STOCK EX-
CHANGE A SPECIALTY.
Correspondence soUoited and lnfor»iat4on cheerlullf f aralBtied.
,
FEimuAiiY
THE CHRONICLE.
21, 1880.]
Financial.
THIRTEE.NTH ANNUAL STATEMENT
RallwayH.
iitl
II
lUri.itoAii
I'UIE.N'DS
Insurance.
and Gniployce* or Banks
Ofliccr>i
No Hank "h
Finaneial.
OF SURETYSHIP
BO!VUS
For
ill
OF THE
KxrLOVEEN'EKD ask his
AS THE
Td IlKCOMK on OJNTINUK HIS
HritKTIEH,
Union Central
Canada Guarantee Co.
RANTS
OF SKriTIUTV KOK AT.I,
i:i,l(;illI,K MKN IN St (11 I'OSITIONS AT A
Tiiii'i,iN(; <'iiau(;k fkk annum.
c;
This Cumimny's Suretyslilp
ot
till'
pritK-fiml
I".
of thf Itanks.
is
accepted by
many
S. Ilnilr'UKl Companies and
Canada its Mr)nds arc niiw almost
some
In
iiiilvt'rsatly riMiuircd
(iovcrnnnrnts, Banks,
ItalJwiiys, and Commci-cial Institutions.
THE Canada (Jcahantke Compan v Is the o)i(y
Conipjmy f)n the American Continent that has
HiU'ccssfuIly c<ntdnctcd this business. ~a result of
whidi is that it has been able to establish a Bonus
Hvst4Mn for those who havi! been M or more years on
the hoolis, whei'i'by tbe subsequent i>remlums are
annually rcduecil,— (Ac redufUon IhU year ts/rom 15
io U!^ fu-r cent on the u^ual rate.
The advuntaucs of transactlnx business with this
tompany are that It Is a well-established Institution, and has ample reserves, over and above its
cai>ital, to pr.ivi<le against i>xcei>tlonai reverses.
Iho most compleleand reliable Information is obtained a.s to (lie iijilrcfdeifK of Employes, and this is
really of the llr.st imi)ortance to the Employer, as
al.so tlie system of periodical supervislonand rovlsitm of t hos(* (m t he Coni|)any'8 Books.
Over »UX),000 have already been paid by this Company f.ir losses by unfaithful omjiloycs, without a
The
l)v tlic
ronlent at taio.
*>tri{/te
Company
available Assets of the
(at
Dec, 1878), over and above uncalled
wore
$110,046
.list
Capital,
And
the Gross Resources
(See Report to
$470,460
Government
to December 30th, 1878,
Just published.)
Pho.specti'S, Fokms, &c., may be had on application to the
360
No.
UO.N'DS
HEAD
SI.
OFFICE:
James SCreet, Iflontreal
EDWARD RAWLINOS, Manager.
&
R. A. Lancaster
f.lil'^SlI,'"'
FIrst-CIass Investment Securities.
""" RAlLKOAI)
'^,''
.
BONDS
NEW
MARKET.
LOANS
negotiated.
chock.
THOMAS
an.l
WILLIAM
H.
B.
BOUDKN.
DEPOSITS
LOANS SEOOTIATED.
I.VTEKEBT ALLOWED ON DEPOSITS.
J^" SP^ECIAI, ATTENTION GIVEN
KRANK JENKINS
S2
&
Paton
Jesup,
York.
&
Cisco
J.
Son,
BANKERS,
'Wan Street, New
York.
DKPOSITS UECEIVED SUBJECT TO CHECK AT
SIOHT, AND INTEKEST ALLOWED ON DAILY
BALANCES.
OOVEHNMENT BONDS, GOLD, STOCKS AND
ALL INVKST.MENT SKC0K1TIE8 BOUGHT AND
SOLD ON COMMISSION.
J.
&
Bay and
No. 63
RAILROAD INYESTMEST SECURITIES;
Collect Coupons and Dividends
on commission all securities dealt In at
the New York Stock Exchange or In this market
also Mining shares.
J.
We\r York,
BBOADW^AV,
N. Ewell.
Alex. Maitland.
Y. Stock Exchange.
;
NKGOTIATK LOANS AND DRAW BILLS OF
EXCHANGE ON LONDON.
All business relating to the Construction
and
Equipment of Railroads undertaken.
Dickinson
No. id
&
BANKERS,
68 Broadway,
So.
Exchange Place,
TRANSACT A GENERAL BANKING BUSINESS,
NCLUDING THj; PURCHASE AND SALE OK
eTOCKS AND BONDS FOR CASH OR ON MAR.
GIN. BUY AND SELL COMMERCIAL PAPER.
cor.
r. O.
D. A,
BOODT.
Box
447.
W. MoLklLAU
RIFBEN LELA ND,
0.
Fred.
,
Bro's.,
BANKERS,
Excliange Place, New York.
Stocks, Railroad Bonds, Governments, and all Securities dealt In at the N. Y. Stock Exchange, bought
and sold, either for Investment or on margin.
Have been connected with mining since the discovery of the famous Comstock Lode, and also
pioneers In the celebrated Bodle district in which
are located the " Standard," " Bulwer," •' Bodle,"
and other well-known mines. Letters and telegrams
from these districts received daily. Orders executed direct at the San Francisco Stock Excnange.
Platt K. Dickinson,
Howard C. Dickinson
Members N. Y. Stock Exchange and N Y. Mining
Stook Exchange.
JR.
Oilman, Son
H. Smith,
BANKER AND BROKER,
No. 18
BROAD
ST.,
NEW
YORK.
RAILROAD SECVRITIES
(An Intimate
knowledge of
all
for the past 10 Year«)
A SPECIALTY.
Itivestors or Dealers wishing to
State,
4" communicate.
i?Jii»?
MMket auS
&
Co.,
BANKERS,
CEDAR STREET,
Bills
In addition to a General Banking Business, buy and
sell
Government Bonds and Investment
sell are
Municipal and
at best
STOCKS
Sectirltles.
niNING STOCKS.
'^Mfm^e^TV. Stock Exchange. ^'^S^pST"Member M. Y. Mining Stook Exohange.
BONDS
At Auction.
Jones,
Wo. 19 William Street, New Torli.
OOVBIRNMBNT BONDS. STOCKS
A.Nl) l.NVEtiTME.NT SECURITIES
_
BOUGHT AND .SOLI) ON COMMISSION
SPECIAL ATTENTION GIVEN TO
and
he
uadersigned
hold
21,635 48
150,060 10
11.000 00
8,375 58
69,937 70
..
and Accrued
Premiums in
December
transit, principally
4,512 40
Deferred Premiums,
and semi-annual
quarterly
7,240 30
Gross Assets
$1,520,025 53
Losses ac^usted and
not due, and unadjusted
$27,018 00
Commissions
duo
Agents upon pastdue and deferred
Premiums
034 97
Unpaiddividendsdue
Policy Holders
639 35
Premi urns paid In advance
105 98
Reinsurance reserve,
at 4 per cent interest,
Oblo
Legal
Standard
1,247,748 00
.
Total Liabilities
$1,276,776 24
Surplus on Life-rfl,te Endowment
Policies In excess of Reserve at
last Anniversarj119,005 07
General Surplus, as regards Policy Holders
124,24418
Total Surplus as to Policy Holders, on Obio standard, 4 per cent
Reserve
243,249 25
Total Surplus as to Policy Holders,
on New York Standard, 4ifl per
cent Reserve
330,591 61
Amount of Assets to each $100 of
New York
Standard
127 79
JOHN COCHNO^TER, Pre«>t.
N.
ixr.
HARRIS,
Secretary.
WANTED
Alabama, Sooth Carolina tc liOnlisiaaji
State Bonds;
Nenr Orleans Jackson & Gt, Northern,
jnissisMippI Central, and Mobile
Sc Ohfo Railroad Bonds
Cltf of New Orleans Bond*.
;
LEVY & BORG,
REGULAR AUCTION
86
WALL
8TRBRT.
Miller &
STOCKS AND BONDS, Thomas P.
BANKERS,
SALES
of
all
classes of
OB
WEDNESDAYS AND 8ATDKDAT8.
ADRIAN U. MVLLER
&.
35
and
Receivable and Accounts
Interest due
62
Financial.
buy or
Coupons bought and sold
Hinckley
62
143,645 00
$;i,55e,741)
1,033,478
Ca.sU deposited in First National
Bank, Cincinnati, O
26,514
Casli on hand and in transit (since
received)
Ijoans on Policies in force. .*.
Office Furniture, Fixtures
Agency Supplies
00
1,320 00
tate owned by Company
Cash Loans on First Mortgages
and U. S. bonds (late valuation
of Lands Mortgaged, $2,!>4«,129; Buildings, $010,013; total,
Uabllities,
&
$-11,400
LIABILITIES^.
WILLIAM STREET.
BUY AND SELL
Maitland,
sell
Member of N.
Co.,
United StatCB Bonds, murketvaliie
NationalBankStock.inarkot value
Company's Building and Real Es-
Baakers aud Merchants,
TO
BANKERS AND BROKERS,
No. 58
&
Kennedy
S.
1879.
A8|i*ET!!l.
Accounts and Agency of Banks, Corporations,
and Individuals received upon favorable terms.
Dividends and Interest c<illeoted and remitted.
S"Act as agents for corporuthms In paying coupons
and dividends, also as transfer agents.
Bonds, stocks and securities bought and sold on
commission.
Sound railroad and municipal bonds negotiated.
Sterling exchange bought and sold. Drafts on
Union Bank of London.
John
31,
Co.,
BANKERS,
William Street, New
Urras
FUNDING VIRGINIA AND NORTH
CAROLINA STATE BONDS.
Ewell
CIN€i:WNATI.
DECEMBER
Coupom Bmtght.
Virginia Tax-RecHvable
OF
subject to
Company
HATCH,
Bought and Sold on Commission.
aOUlHERN SECUKITIES A SPBCIALIY.
Life Insurance
OPEN
K.M.M KKCIAL PAPER
Interest paid on
No. 69
UOVEUN.MENT IIONDS, STATE. CITY, COnNTY
RAILROAD & MISCELLANEOUS SECOKITIES
Vork.
SSirrei. .s<n
?.",?S?IU?" C(mimis»lon, GOVERNMENT,
?L'^in''-V„?J-'j''"^
BANKERS AND BROKERS,
DSALKR8 TN
Pine
^V'^.,''^*iy.iiS- .'!"'! "" "li'sses of Soeurltlcs dealt In
at
the
VoliK STc.CK K.\CllAN(iE, or all
reputable Socurltlps bipuKlil an.l snlii in llie
Co.,
BROADWAY, NEW YORK,
66
!23
SON,
no. T FINK STBBBT. IHBW JOBS,
Co.,
MOBILE, ALABAmAt
BUY AND SKU,
ALABAMA STATK BOKCa,
Modils Citt Bonds,
.
MOBILX A OBIO BAtLBOAO BXlUBl iat.
'
THE CHRONKJLE.
Financial.
Financial.
Financial.
Albert E. Hachfield,
BASEMENT,
Deals In Investment Securities and
Bonds Generally.
THB
Review,
Financial
New Securities.
New York & Oswego Midland
New Jersey Midland Bonds.
(ANNUAL.)
S8O
1
OF
INFORMATION.
Now
the TEN MILLION DOLLARS (110,000,000) capital
stock of this Company, amounting to ONE HUN($100,000), or Fifty
DRED THOUSAND DOLLARS
Cents per Share, out of the net earnings, payable at
theCentral Trust Company on the 2oth Inst.
Transfer books will close Feb. ai and reopen
Feb. 28.
the powers of the Reorganization Committee of the
New York and Oswego Midland Railroad Company
with reference to the junior securities of that road,
CONTENTS.
the committee give notice that, according to the
terms of the contract between the first mortgage
Retrospect of ISIS.
niercantUe Failures.
bondholders and the holders of the receiver's debt
certificates, the
Baiiklns and Financial-
United States— National Bauk Figures and
Currency Movements.
New York City—Bank Keturns, &o.
liOndon— Money Market and Bauk Returns.
CommercialUnited States- Foreign Commerce, Trade
Balance, U. 8. Exports and Imports of
London — Review of
Leading Articles.
Year, Bank Returns, &c.
The Money MarketGoldaud SliverForeign ExchanseMarket and Prices in New York, 1870-1880.
Investments and SpeculationInterest Tabic, Showing Accumulations of money in a Series of Years.
Compound
Tabic Showing tlio Rate Per Cent Realized
on Securities Purchased at difiercut prices.
Stock Speculation In New York, i
Dnited States Debt and Securitiesof the United States.
Prices of U, S. Bonds, 1800-1880.
Debt
Northern Railroad, up to 12 o'clock M. March 15,
1880. Plans, profiles, specifications and estimates
may be seen at the company's office at Palestine,
Texas, or No. 20 Exchange Place, New York, on and
1,
proposals.
1880.
reserve the right to reject any and
President.
and Sec
and aU
classes of Toledo Wabash &, Western
Funded Debt Bond Scrip.
ClCNT on the common stock of
Prices of Railroad Bonds, 1872-1880.
Prices of Railroad Stocks, 1860-1880.
The
Investors' Snpplement—
The INVKSTORS' SuiTLEJiENT, which gives a
complete exhibit of State, City and Railroad Secmltics, is fm-nlshed during the
year only to regular subscribers of the
CiiRONiCLK, and no single copies are sold.
One number of the Supplembnt, however.
Is bound up in the Financial Review,
enabling parties to purchase a single copy
In this form. The February number of
the Supplement will be more than
doubled in size and it will then and
afterward bo issued as a large pamphlet
of 68 pages.
Price of the ReTlenr, In Cloth
^2 00
To Subscribers of the Commercial ) , An
"''
DANA A
company has
this
j
*
CO.,
PUBLISHERS,
81 William Street, N. ¥.
5 Austin Friars, Old Broad St.
PER CENT BONDS.
SIX
WOOD
31
21
C. Noyes,
GasIIglit Stocks,
Trust Companies' Stocks,
Telegraph Stocks,
Railroad Stocks and Bonds.
ALSO,
Classes of Investment and Miscellaneous
Securities not actively dealt In at the New
All
York Stock Evchange.
Offeus for
Company, earned during the year
spectively, at the rate of
FOUR
TWO PBH CENT being
1, 1880, and TWO PER CENT on
annum,
I'ER CE.N'T per
1,
NEW YORK
1S80,
the Company, No. 20 Exchange
The Books of Registry will be closed on the 20th
days of February and August, 1880, respectively,
and opened on the 2d days of March and September, 1880, respectively. By order of the Directors.
THOMAS W. PEA RSALL, President.
YtJitK. .lanuary 22. 1880.
(3)
payable
has been declared by this
the first
of
next, to the holders of its
Capital Stock, as registered at 2 P. M. (m the 12th
February next, after which, and until the 4th March,
the transfer books will be closed.
L. V. y. RANDOLPH, Treasurer.
& GREAT NORTU-
INTERNATIONAL
1 ERN RAILROAD CO.VIPANY OF TEXAS.The first mortgage per cent gold bonds and the
second mortgage Income bonds of the International
A Great Northern Railroad Company are now ready
for delivery to persons holding the Purchasing
Committee's first mortgage receipts. The exchange
will be made at the office of J. S. KENNEDY & CO.,
No. 83 William street. New York. By order of the
Purchasing Committee.
JOHN 8. KENNEDY, Chairman.
WANTED.
Lafayette Muncie
Bloomincton Railroad
<St
and Scrip.
Texas & Pacific RR, Stocli and Scrip.
Memphis <& Little Rock RR. B'ds and St'ck.
Central RR. ot Iowa Bonds and Stock.
Nevr Jersey Midland RR. Bonds and Stock.
City of Meniphlg (Tenn.) Bonds.
Omaha Northwestern RR. Ist Mart. Bds.
St, Louis &: Southeastern RR. Ist M. Ctfs.
TOBEY & KIRK, 4 Broad
WANiTKD:
St.,
N.Y.
MISSOURI and ILLINOIS DR-
FAULTED COUNTY BONDS.
price paid for them.
address,
Give
Highest markef
full description, ani'
li. A. COQrARD,
BANKER AND BROKER,
street, St. Louis, Jflo.
STREET,
CO-ttPANY.
& OSWEGO MIDLAND,
& WESTERN,
& PACIFIC,
KANSAS AND NEBRASKA SECURITIES,
Bought and
J. S.
sold by
STANTON, 19 Nansan
WANTED
Street.
:
Louisville New Albany & Chicago RR. Stock.
Flint & Pere Marquette Railroad Bonds.
Centra! Railroad of Iowa Bonds.
Port Huron 4 l>ake Michigan Itallroad Certificates.
Wayne Jackson & Saginaw Ult. Bonds.
Joseph * Western Railroad Securities.
Atchison & Pike's I'eak Kit. Bonds, stock and Scrip.
New Jersey Midland Railroad Certificates.
Fort
St.
New York & Oswego RK. Bonds and Certificates.
International & (Jreat Northern Railroad Stock.
Indianapolis A St. Louis Railroad Bonds.
Kansas & Nebraska RK. Bonds and Stock.
Indianapolis Bloomington & Western liR. Bonds.
City, County and Town Bonds of Western States.
City of Winona, Minn., Bonds.
City of St. Joseph,Mo., 7 and 10 Per Cent Bonds.
City of Atchison, Kansas. Old Bonds.
Will. R.
IJTL,E¥, 31 Pine
St.,
N.
¥
Texas Bonds.
STATE, BAII.RO*I», COUNTY AND
MUNICIPAl. BONDS
BOUGHT AND SOLD.
J. C. CHEW^, 29 BroadwaT.
—
&
134 N. Third
*
the STOCK of the
ST. JOSEPH
ST. JOSEPH
Compavv
PER CENT
OF THREE
on
A DIVIDEND
company,
day
March
s.\le
OHIO CENTR.VL COAL
payable ou March
September
WALL
No. 10
•
Mortgage income
1878, will bo paid to the registered holders tliereof
on the 1st days of March and September, 1880, re-
All kinds of
STREET,
NASS.4.U
H. FOSTER, Treasurer.
TE,\AS.— Interest on the Second
Stocl&
YORK.
BUYS AND SELLS
IVTERXATIOIVAt & G«EAT
THE
NOllTHEltN RAILROAD COMPANY OF
~
NEW
2.
C.
tills
D/%VI§.
&.
PINE STREET,
Wm.
been declared, payable on the 1st day of ilarch next,
at the otiice of the company's agents. Messrs.
Bonds of
;
Thisjroad Is an extension of, and guaranteed by,
the Central Branch of Union Pacific, and under
management of Union Pacific Railway Company. It
runs through the rich counties of Northern Kansas
The bonds are issued at f 16,000 per mile, due 1905.
A limited amount for sale at par and interest.
JBSUP, PATON & CO., No. 68 William St., New York.
The transfer booths will be closed on the 20th Inst,
and re-opened March
First
ATCHISON COLO RADO & P A CIFIC KB.
FIRST nORTGAGE
COM& AliTON RAILROAD
C1HICAGO
1880.— NOTICE.
;PANY, New YohK, February
A cash dividend of THREB-AND-ONE-H ALF PER
CENT on tile 'prefeired stock and TUKEK PER
:
& Great Northern
ond Mortgage Bond Scrip
THOS. W. PEARSALL,
Nkw
Railroad Earnings.
:
March
The company
all
OFFIdE OF THE
Illinois Centhal Kailiioad
The New York Stock Market, 18G0-1880.
I/ONDOy OinCE
WAKXED
International
ern Railroad Company. No. 20 Exchange Place. New
York, for the cunstructlcm and equipment of one
hundred and fifty miles of the International & CJrcat
Railroa<ls in the United States.
A
$100,000 International & Great Northern First
Mortgage 6 Per Cent Gold Bonds.
at the office
Railroads and their Securities—
FisAMCiAL Chronicle
Louis Kansas City & Northern
Mortgage Real Estate and Rail,
road Mortgage 7 Per Cent Bonds.
First
Pbice.'New York.
Prices of State Securitses, 1860-18SO.
79
St.
VFIW. BE RECEIVED
SEAIiEl) PROPOSAI,S
of tlie International & Great North-
at the office of
State niebts and SecuritiesState Debts and Immunity from Prosecution.
B.
$100,000
11,
Production, Exports and Imports of Gold
aifd Silver in the United States.
WIUAAM
time within which the junior secur-
can become parties to the reorganization positively expires on February 21, 1880.
CONRAD N. JORDAN,
Chairman.
ities
after
and Prices of Call Loans and
Commercial Paper since 1872.
Influences,
&
FOR SALE:
St.
DRAKE DE KAY. Secretary.
EXISTS AS TO
MISAPPREHENSION
S
A
Ready.
PINE STREET.
Louis Kansas City & Nortlicm
First Mortgage 7 Per Cent Omaha
Division Bonds.
$100,000
Bonds.
KOOMS NOS. 51 TO 57 BOKBEL BUILDING,)
No. 110 Broadway, New York, Feb. 14, 1880. j
The Board of Trustees have this day declared a
MONTHLY DIVIDEND (No. 1) of ONE Per Cent on
A YEAR BOOK
FINANCIAL
AND
Dealers in Investment Securities,
No. 30
LITTLE CHIEF MINING COMPANY.
.
Co.,
BANKERS
WANTED.
Toledo Lofzansport A Burlington Bonds.
nnlon A Lonansport Bonds.
Bonds.
Kome Watcrtown Jt OKdensburg
Flint ft, I'ere Marquette Bonds and Stoclc.
Indianapolis Bloomington & Western Old and
&
Thomas Denny
NASS.IC STUEET,
19
XXX.
[VCL.
Sheldon
&
10 W^AIili
—
m
'
Wadsworth,
STREET,
BANKERS AND DEALERS IN
BONDS AND STOCKS.
All classes of negotiable securities bought
sold at the Stock Exchange on commission.
and
Ad-
ances made on same.
Wm. C. Sheldon.
W.m. B.
wadsworth.
xmm
HUNTS MERCHANTS' MAOAZINB,
.«^* »>-
REPRESENTING THE INDUSTRIAL AND COMMERCIAL INTERESTS OF THE UNITED STATES.
(Entered, according to act of Congress, in the year 1880, by
VOL.
Wm.
B.
Dana
the otHce ol the Librarian of Congress, Washington, D. C.J
<b Co., In
SATURDAY, FEBRUARY
ao.
CONTENTS,
NO.
1880.
21,
suitable for yielding
revenue, and
its
765.
cost not to exceed
one-half the surplus; in real estate taken
on foreclosure;
mortgages within the State up to 50 per cent on
the United States
182 improved property and 40 per cent on unimproved. Here
179
Latest Monetary and CommerTime and Cost as an Element
182 IS no attempt to determine the proportion of any of these
180
cial English News
of Public Structures
TIIE CHKONICLE.
182
177 The New Ftmding BUI
178 Commerce of New York and of
Savings Bank Investments
Western Heal Kstato I-oaiia
Ralli-oiul Care of Kniployees.
Italian I'olltios— The Giist
.
.
Tax
Commercial and Miscellaneous
News
and tile Koyal Prerogative .. 181
The Government and Old Kail181
road Land Grants
184
TI.
8.
shall
Quotations of Stocks and Bonds 188
1 89
N. Y. Local Securities
Investments, and State, City
and Corporation Finances... 190
Securi-
Railway Stocks, Foreign
Exchange, New York City
Banks,etc
ties,
18.1
THE COMMERCIAL
TIMES.
194 [Dry Goods
199
194 Imports, Bcceipts and Exports 200
198
Commercial Epitome
Cotton
Breadstufts
—that not more
This mortgage limitation
have
|
ready for sudden demands, and that mort-
vertible shape
gages are about the hardest form of investment to convert
Accordingly,
morning, with the
latest
iuws up
to
is
issued every Satur-
has long been understood that a
TERMS OF SUBSCRIPTION-PAYABLE
IN
For One Year (includiuK postage)
ForSix Months
(lo
Annual subscviption in London (including postage)
do
do
do
Sixmos.
ADVANCE:
.$10 20.
6 10.
£2
tion of
OIBce.
the CnnoNici.E is at No. 5 Anstin Friars, Old Broad
Street, where subscriptions will be taken at the pnces above named.
AdTerilsentents.
Transient .advertisements are publislied at 2.5 cents per line for each
insertion, Init wiieu dctiiiite orders are given for tive, or more, insertions,
a liberal (lisconiit is made. Special Notices iu Banking and Financial
CDlunm 00 cents per line, each insertion.
G.
t^' A
FLOYD,
WILLIAM
?
JK.
79
5
&
B.
DANA &
CO., Pnblishers,
81 William Street,
NEW
Post Office Box 4592.
YORK.
cover
governments
further back,
Such
their assets has
these proportions
are
the
grafted the
buy
been increasing,
were
30
Not
per
at
a
one-third
upon which
conditions
present proposal
considerable
governments
merely
may be
go
to
cent of
premium -some
that
their
50
present
raised to one-half.
to
is
be en-
the banks to
compelling
What
millions
of
proportion
of
reason
is
there
not believing that their holdings are ample ?
Cer-
is
Volumes bound
tainly the existing limitation of dividends to 5 per cent
makes impossible a renewal of the old temptation
governments for investments of higher
minimum
'
in
governments and 27 of mortgages in 1878, against 24 of
governments and 31 of mortgages at the end of 1877.
for
furnished at 50 cents ; postage on the same is
for subscribers at $1 20.
For
complete
a
set of the Commercial and Financial ChroniI^"
CLE—July, 18(i5, to (late—or Hunt's Merchants' Magazine, 1839 to
1871. inquire at the otiiee.
nej»t file
IScents.
few years, that the banks have
been free takers o£ refunding bonds, and that the proper,
while that of mortgages has been diminishing.
olllcc of
n. D.VNA,
very best
is
7s.
1 8s.
Subscriptions will be continued until ordered stopped by a mritlcn
order, or at the publlcatiun offlee. Tll(^ PublLslieis cauuot bo responsible
for Remittances unless made by Drafts or Post-OIUce Money Orders.
London
— the
a large proportion of assets in governments; and
have noted with satisfaction, at each successive report
sign
we
midnight of Friday.
—
it
bank management
of condition during the last
JOHN
an entirely proper one to
I
Thb Commercial and Financul Chronicle
WILLIAM
is
obvious reason that savings banks
must keep a considerable portion of their funds in conin the law, for the
sign of good savings
The London
than 60 per cent of deposits
be put out on mortgage.
in haste.
day/
only limitation imposed being a
classes of investments, the
negative one
THE BANKERS' GAZETTE.
Money Market,
in first
to neglect
yield.
If
any
proportion of governments should be fixed
it
SAVINGS BANK INVESTMENTS.
might better be one-third or one-fourth, thereby applying
bill has made its appearance in the State Senate to such banks, if any, as are now under that rule.
requiring the savings banks to invest one-half of their
But is not such a provision of law rather objectionable as
.
A
Government bonds. This bill was introduced a precedent ? Would it not carry the necessary reduction of
by request," and neither the motive nor name of the party dividends too far ? Would it not be rather an unwarrantable
making the request has been stated. In connection with interference, and its natural effect upon management be
this proposal it is of interest to remember the present statu- hurtful ? To get as trustees the clearest-headed and morally
tory regulation of investments, for only in this way can we soundest business men, and to interest them in their position,
correctly determine whether the lines need any tighter is certainly a great point; but such men would not like to
deposits in
"
drawing.
Investments
be treated as automata.
may now be made
only in governments; in
any State which
has not for ten years previous defaulted on a^y 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
securities of this State; in securities of
in real estate necessary for actual use, the building to
As
they are already restricted to
certain classes of investment, the proportions of one
another class
may
better be left to
scope than at present
may
how
is
them
to judge;
if
and
less
allowed for their discretion they
it is worth while to take the trouble of
There may be danger of pushing restrictive and corrective reforms so unduly that the class of men
be most necessary to successful savings bank administration
not see
serving at
all.
THE CHRONICLE.
178
will conceive a personal disgust for
it,
Indeed, the sav-
[Vol.
real value of the property.
On
XXX.
the other hand, the
official
well that figures are also arbitrary, because, as admitted by those
Ings bank law and system are already doing so
long as who made them, they are " wholly matters of opinion."
so
least
at
while
alone
a
they may wisely be let
So are all valuations always, but in these, says the Supolitical
and
reform,
need
of
in
crying
insurance law is
to perintendent's letter, " no account was taken of that
renomination
the
force
can
subservience
and
demands
who " business tide which is now rapidly rising over the prothe office of Insiirance Superintendent of the man
public " ducing sections of the country where your property is
has made State supervision a byword and a
—
"located and which promises to be as extreme
shame.
" height as
WESTERN REAL ESTATE LOANS.
report of the results of an
official examination of the real estate loans of the Connecticut Mutual Life has special interest at this time,
both as concerns life insurance and as bearing upon the
The
recently published
character of Western land investments in general. In
each of these respects the interest is the greater from
the fact that for several months past this company has
been made the target for a great deal of not clearly disinterested criticism, based upon the alleged weakness of
Doubts of its solvency, under the
its mortgage loans.
alleged losses in that
akhough
direction,
freely
sug-
it
has been in
its
in its
depression."
This clearly is the vital point in the whole matter.
Turning to the report of a special commission of inquiry
instituted by the Connecticut legislature, two years
ago, we find that, up to that time, on all property
obtained by foreclosure and actually sold, the Phccnix
had lost $6,000, and the iEtna and Connecticut Mutual
had made $3,757 and $5,391; up to this year, the
net profit on sales by the last-named was $30,239. In
other words, as to all the loans finally cleared from the
books by sale up to that time, the company was then
$30,239 richer than it would have been had the loans
never come in default; so far, then, the transactions
and afford presumptive evidence of
no foothold worth considering; but the
approval as regards the rest.
company's officers, in their own time and way, have made
The Superintendent admits that the loans were originan effective answer to these assaults.
ally made in good judgment, but adds that changed conUnder Connecticut law, requiring a triennial examina- ditions
have materially affected values in some localities;
tion of all companies, the State Insurance Superinfor 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,
justify themselves
gested, obtained
he has now reported.
death or misfortune, shattering large personal fortunes,
uninterruptedly were
paid
All that had
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. Properly against which
Superintendent reasonably " establish the wisdom of
foreclosure proceedings were pending was classed with *'
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
This property, situated almost exclusively in
sion.
" and desirability as an absolute investment." He does
Detroit, Toledo, Milwaukee, Chicago, Indianapolis, and
not assume, however, to dictate what course shall be
686 pieces ia number was visited and exSt. Louis
pursued, because he finds that the company " has an
amined by the Superintendent, and by the Michigan
" 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
The result, Dec. 31, 1879, is summed up thus:
experts.
perform. But he raises the question and answers it
•class
of
loans
in
question,
interest
—
—
—
—
Value of property actually owned by company
Value of that In process or foreclosure
$11,089, 472
2,183,471
Total
Eatlmated value by the
The
official
conclusion thus
$13,272,943
11 ,764,027
examination
is
that the
official
examiners
arrive at a value $1,508,916 below that of the company.
Taking the extreme view, and assuming that this dififerenoe must inevitably be charged to loss account, it would
cut off only 44 per cent of the company's present surplus,
estimating the latter by the Massachusetts and Connecticut standard, or only 24 per cent estimating surplus by
the standard of this State.
But the question arises
"whether this is the proper and necessary course or
whether, from the facts of the case it is not fairer to
assume that a very much better result will be realized.
To answer this we must note, first, that both these
negatively
this
by the manner of putting
properly for cash to-day, at
—
— whether to
it
the com-pany's
own
sell
valua-
tion, would be justifiable.
"In what securities," he asks,
" could you invest the money where it would be so abso-
" lutely safe and be so certainly and indefinitely
" increased in value at that distant day, perhaps a gen-
" eration hence, when
To
it
will
be needed ?"
company adds a statement
this the President of the
of the position, substantially this
the property,
originally worth
:
The
intrinsic value of
double the loan, has
and was never so great as now; the
wit, of productiveness
are growing, and prices must respond to them whenever a market
exists; to clear off these loans forcibly now "would be
" in effect selling on a dead market property, which need
conflicting valuations are in a peculiar sense arbitrary. " not be sold until there is a good market, and at a notoThe 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 ofiice, " 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
all), measures its value by what it " stands" the com- and a half millions of difference in the valuations, and
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 outcry over the matter has, therefore, taken the
Now we do not see how any controversy can reason-
—
actually increased
elements of value
—to
—
shape of this proposition: that this conversion of loans ably arise about this position ; for, although it is true
was a matter of necessity, arbitrary and dan- that, as far as present foresight can go, some pieces now
gerous. 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 will buy, and on a declining market everyinto assets
Fkbrdabt
THECHEONICLE.
21, 1980.]
179
body thinks he may buy at a lower figure by waiting Mr. Adams by a Western railroad official who appears toBut to say that what will not induce a bid to-day is be a superintendent graduated from the ranks of train
therefore valuelees, or that the forced prices of a lifeless
As well
auction indicate real values, would be absurd.
say that there
is
no value
in
furs because
buyers for them in June.
The effect upon the company of
there are no
not disastrous.
is to call the attention of Eaststockholders of Western roads to the subject of
advancing the personal welfare of their employees of
the laboring class,
retail
is
men, the object of which
em
this present
This can be easily shown.
tying-up
The
11
millions of real estate owned, cost value, are 22''?3 per
train
particularly
The
service.
of those occupied
letter deserves attention,
in
not only
bears internal evidence of coming from a man
the rare combination of clear-headedness with
practical philanthropy, but because the object he urges
because
it
who has
cent of the company's present assets. This is much
above the average and, as will be admitted by every is important, and we refer to it in this way in order tobody, is not desirable; but it in nowise affects the com aid his appeal.
The plea he makes, however, is not the ordinary
pany's operations now or its ability, when they arise, to
for charity, but for help towards self-help, and
one
meet demands upon it hereafter. To be able to-day,
word in it is practical, nothing being urged
every
liabilities
of
the
next
with cash in possession, to pay
and generally. The writer argues that therevaguely
nowhere
applied
that
is
in
of
solvency
year, is a test
commerce, and cannot be reasonably applied to life in- is no business where interests of employer and
surance, which, of all interests in the world, is secure employee are less identified than in management of
against any considerable deviation from a regular and Western railroads, although there is none where there
uniform maturity of demands. Even if we make the ought to be so much identification ; that the work, par-
extreme and preposterous supposition that the company's ticularly that of train-service, is peculiarly wearing, and
mortgage loano were all foreclosed and the property men ought to have every opportunity given them for
covered were in absolute possession, the resulting per keeping sound that action to such end is taken to some
centage of real estate in assets 68*26 would not be extent where roads are under direct control of their
proof either of present insolvency or of incipient decay, owners, but that in the West (where absentee ownerprovided the property itself were fairly productive. ship is largely the fact) this is not so that, in order to
That the property actually acquired 22"73 of present meet Granger elements and influences, "the moral supassets
is productive follows from
the fact that the port and political help of our men in all contests against
;
—
—
;
—
—
in 1879, upon assets was corporations" is wanted, but cannot be had by merely
paying wages.
686.
Accordingly, appealing "to Boston owners of railThis absolutely ^disposes of the case, as far as the
present is concerned, for if the property were cleared off roads in the West," the writer urges some " considerato-day at cost and re-invested, it could do no more than tion of the welfare of the men beyond their working
average interest rate realized,
and this it does already. Grant that some
unproductive and that some ia permanently
yield interest,
of
it
is
under the
level of cost; all this is covered by the fact of
a larger average productiveness of the bulk of assets
than could be had were they all invested in any govern-
ment bond. As to the outcome of the matter the company is a strong holder and can wait for a market it is
scarcely more likely to come under compulsion to realize
;
than the State of Connecticut
is
to
have to
sell its
public
buildings to meet current expenses.
The
foregoing, while important as relating to this
company, has broader applications. It sugcaution in assuming insolvency in case of life
particular
gests
insurance and other strong corporations, by reason of
conflicting estimates of real estate values during fluctuating periods, and a reasonable rule for judging such
the other hand, it stands counter to the
values; on
assumption of sweeping and permanent fall in Western
lands, and is one of the proofs of encouraging general
progress. Unfortunately it does not apply to defaulted
municipal loans, except indirectly by showing that there
d outside of their duties for which they are
specific plan which he mentions is one
for assisting employees in securing homes.
Place aside
a fund for this purpose, loans from it to be made to men
who have performed three years' meritorious service, in
sums of not over $1,000, for not over five years' time,
The borrower must have saved one-third
at 4 per cent.
the cost of the homestead, so that the loan, secured by
first mortgage, shall not exceed two-thirds the actual
cost.
It should be granted solely as a reward for past
service, no condition of future service to be made or
implied.
A fund of $100,000 would in ten years enable
300 or more men to secure homes, the principal being
put out again to a second batch of men as fast as repaid
in instalments by the first.
To the men, this plan would
give the advantages of a loan at lower rates and on a
smaller margin than they could obtain elsewhere; to the
hours
ai
paid."
r.iilroad,
The only
considered as a use of
most cases be no
loss
money simply,
would in
would betwo or three per
but an actual gain, for
transferring $100,000 from call loans at
it
it
cent to a "special employee loan" fund at four per cent^
an increased and increasing ability to pay; it leaves The writer adds that, in a small way and to retain menuntouched, except by very general implication, the point he desired to keep, he has made such loans from his own
of willingness. Nor does it clear up the future for pri- resources during several years past, and has now $10,000
18
vate holders of Western mortgages in default, unless
their ability to hold is sufficient for the
particular case.
But it is gratifying and timely by setting at rest all
instead of to thirteen.
reasonable doubts about the company concerned by
adding another proof of recovery in progress,
and by
are mutual and substantial.
reminding us
possible to
of the useful but easily-forgotten truth
that financial disturbances cannot alter
financial laws,
however
all
their o peration
may
JRAILR OAD CABl^
se em to
be suspended.
OF EMPL YEES.
The Nation of this week contains a brief note from
Mr. C. F. Adams, Jr., forwarding a
letter addressed to
out, the only regret
he has had occasion to feel being
that he has not been able to lend thus to a
The advantages
derivable
hundred men
from some plan of
Unquestionably,
this sort
it is
not
make employees mere machines, and in the
degree that they are such, by their own fault or otherwise, their efficiency lessens.
Some care of them not
—
merely in the helping form of hospitals and distress
funds, but of reading rooms and plans of encouragement
to self-help
interest.
—
is
the dictate of the most enlightened self-
A little
more
attention, says the letter
under
THE CmRONlCLE.
180
[Vot.
XXX.
"would foster and encourage a hie;h esprit get elected to office; but after contemplating them until
attachment to the line the moral has duly impressed him, he finds six elevators to
de corps, would breed a strong
possibility of strikes raise him up the hill, thus being reminded how helpful and
the
remove
would
and its owners,
He need not
securing of a better productive office is after you once got into it.
the
to
lead
would
and riots, and
will go out, either to meet members of the Third House or to
men
that
nature
human
is
not
in
It
men."
grade of
clear cobweb from his overworked throat, for a series of
the road unless convinced that the road cares
ooDBideration,
care for
for them.
But
is
there any doubt that the employees of
the motive were supplied, could and
Roman
style, feasts
Lucullus, and an arena, such as the athletic
Commodus
dining-halls are provided.
a
la
Baths in the
any railroad, if
wanting, but there is time enough to supply
would effect a considerable annual saving in the aggre- loved, are yet
" pile " is pronounced " done."
them
before
the
The pressuggesThe
gate of trifling leaks and waste stopped ?
" only " a quarter
and
maintenance
ent
heating
cost
of
is
comment.
tion of strikes carries its own
The subject is so practical and timely that we com. miUion a year, and, obviously, the larger this is the more
mend
households can be comfortably provided
to the consideration of all railroads.
it
for, in
progress
towards the patriot's millennium when everybody shall be
when
supported at the public expense,
TIME AND COST AS AN ELEMENT OF PUBLIC STRUCTURES.
Not many days ago an Albany dispatch reported that
a rumor was causing " much talk and some uneasiness
among legislators " that a fissure had been discovered in
the ceiling of the Assembly Chamber, which fissure " continued to increase to such a degree that 60 tons of stone
was placed on the roof to prevent further separation."
There was nothing surprising in
omission of the
architect
name
of
who conceived
the
this
A
its
the brilliant device of sticking
together the separating parts of a roof
60 tons of stone.
dispatch, except
Government supervising
by
a
new
mucilage,
dispatch of the following day, how-
the horse shall ride
and the whole be more than the parts.
We have it also no, we are having it here, in the
bridge, the bridge, for there can be but one.
It began
thirteen years ago; it was to be 200 feet high, and to coat
three millions, then four.
In 186'? it was to cost seven
millions
in IS*? 2 the height was reduced from 200 feet to
135, and the cost, in compensation for this, was raised to
9J millions. Next year, the estimate, which always kept
In
well above the bridge towers, shot up to 13 millions.
1875, when about five millions had been expended, the
"consolidating " act ended the thin pretense of individual
ownership and authorized a maximilm of eight millions,
in the carriage
—
—
;
A
not for '-completing," but for i^e completed structure.
and announced the discovery year ago, over ten millions had been expended, the courts
since then
that the Capitol walls rest in a foundation of concrete, having broken down the legislative restriction
The poli- we have not followed the matter closely, but the bridge is
eight feet thick, so that no settling can occur.
ticians may, therefore, for a time at least, breathe more not yet more than half way through the difficult conjugaever, denied the rumor
flatly,
;
freely
and resume their present occupation of discovering
which of two parties without a policy shall overreach the
tion of " to build "
other in the strife for the next four-years' occupation of the
get through.
public
their business
offices.
One can hardly
true, or, at
least,
help, however, treating the
thinking that
it
ought
—
report as
be
to
in
true,
done
The
" to complete " above mentioned.
require " about " ten or twenty
It will
''
and
"
More
specifically
— for
more
millions to
know
the builders
—the bridge, we do not hesitate
to say, will
whenever no more money can be procured for
fitness of things
is
exemplified
be
it.
by the unquestion-
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 commerce how much, hardly any two witnesses agree. This
accordance with the
Official
work.
fitness of
Connecticut's
things
new
that
Capitol
is,
has
actually
—
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 wire whose
In this State architects and contractors have more shrewd- bold forgeries are not yet quite forgotten made attempts
ness than their too-thrifty New England brethren.
They to put in wire which had been once rejected and that some
keep in mind the physician who knew better than to let dishonest wire may be in the cables. The other example
been
settling to
—
—
,
and liberal patient pass beyond his Jurisdic- is furnished by the very recent resignation of a trustee
by dying. Obviously it is short-sighted policy for who became disgusted by the first meeting he attended.
public builders to let public buildings fall to pieces before At this meeting, a resolution, which he did not approve,
his wealthy
tion
they are finished, for the finishing
comfortable for the finishers and
is
a process which
may be
protracted
is
in-
was passed, raising salaries of two engineers, subordinates,
and he found that the increase had already been paid for
several months to one, while the other had refused to
The progress of the Albany Capitol illustrates
this.
It was begun some dozen years ago, " in the Italian receive it in anticipation; also that pay-rolls lacked signarenaissance 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 erecThus we see that in this superabundant country of ours
tion."
The four millions have more than doubled and yet public revenue gushes forth so freely that it is not hard to
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
definitely.
—
—
—
be completmg,
to be being completed-
of irony to suggest that, inasmuch as the cost of these
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
The
Capitol
is
ings,
although those
cost
$1,800,000.
two— disgraceful
The
legislator
as the fact is— only both be
who approaches the time to
Capitol finds a stone terrace of granite steps 02 feet high
before him, emblematic of the up-hill work necessary to
other
price.
is
utilized for sight-seeing
"complete."
and allowed to remain for
is crumbling and the
"While the one
dropping, the lesson might be
made cheap
at the
I
KBBRnART
THE CHRONICLE.
U80.]
21,
ITALIAN POLITICS— THE GRIST' TAX AND
THE ROYAL PREROGATIVE.
181
therefore, that
it
would certainly have been better for
British
if they had followed the
the obstructionists
example.
Italian affairs
reaching a
crisis.
have during
The
late
months been rapidly
unification of Italy, desirable as
was, has not proved an unmixed good. It necessitated
changes which successively impoverished two of the
greatest cities in the peninsula, Turin and Florence, and
it
was
followrd
by
the maintenance of
large
a
and
crushingly expensive standing army and in attempts
England in the construction of mighty iron-
to rival
clads.
Thus, while Italy's resources were crippled, the government became involved in heavy expenses which were
only to be met by the imposition of heavy taxes. Among
these, what is called the Grist tax has proved the most
burdensome. It is a tax which is imposed upon everything which is ground in a mill its incidence, of course,
being most serious on corn, wheat, or other cereal. From
this tax alone, the government raises annually a sum Qf
—
The necessaries of
$15,000,000.
life
are
much cheaper
in
Italy than they are in the United States or in England;
but the wages are extremely low. It is not wonderful,
therefore, that such a tax should be especially obnoxious
to the people, and that the agitation against
it
should
remind us of that which was raised against the Corn
Laws in England some thirty-five years ago.
In 1876,
is
Meanwhile it is safe to assume that the obnoxious tax
doomed; and both Signor Cairoli and King Humbert
are to be congratulated for their effective
in the interests of
progress and reform.
to be fully relied upon,
it
has come none too soon, for
said that the poorer classes in
THE GOVERNMENT AND OLD
The Acting Commissioner of the General Land
abolition of
Depretis, took office pledged
who
is
now
in
to
its
repeal.
that of
Cairoli,
power, came under a similar obligation.
But
in spite of the earnest entreaties of the ministry
the
known sympathy
the
bill last
and
of the King, the Senate rejected
year, which
had again and again obtained
the approbation of the Lower House, and Parliament
was prorogued. The situation was not dissimilar to that
which existed in England in 1S32, when, for a second
time, a reform bill had triumphantly passed its three
readings, and when, for a second time, it was rejected by
the Lords; and it is a somewhat singular coincidence
that the cure which was attempted, and which was com'
pletely successful in curing the evil then, is the same
cure which is being attempted now. In England in 1832,
when there was danger of revolution, the then Premier,
Office
ha '
jnst transmitted to the Senate a report concerning land grant
to railroad companies which have not yet fulfilled the condiIt seems that sixteen grants remain,
tions attached thereto.
the full particulars with regard to which are given in the
World newspaper of Friday, as follows, taken from the report
in question.
Date of
Slates in
Names of
Estimated
expiration of quantity land
gran fd, acres.
grant.
which
Roatls.
prematurely announced an equilibrium of receipt and
for the
RAILROAD
LAND GRANTS.
lociUed.
was immediately raised
the Grist tax. The next ministry,
it
town and country are
suffering to such an extent from lack of bread that a
loathsome disease, destructive equally of mind and body,
This repeal most
is filling the hospitals and asylums.
afford some relief; but bow long will it be before the
nations of Europe see that the existing discontent can
never be fully removed except through a reduction of
their immense standing armie.a.
is
when the Conservative Minghetti somewhat
expenditure, a clamor
interference
If reports are
652,800
134,480
840,880
130,000
MiBsisippi. Aug. 11, 1866.
Alabanui.. June
1866.
1866.
1866.
Coosii &. Cliattanootra,
Florida
Miiy 17, 1866.
PtJiisju'ola & Georgia
Florida
May 17, 1866.
Florida Atlantic & Gulf Cent'
l.rf)uisiana Juno 3, 1866.
Northern Louisiana & Texas.
N. 0. Baton Kouf^e tfc Vicksb'^. Louisiana Mch. 3, 1876.
Missouri .. July 1, 1871.
St. LoniH& Iron Mountain
Michigan Dec. 31, 1872.
Houf.-Utou & Outouagon
Wisconsin. May 5,1869.
North Wiscoufiin
Wisconsin. Dec. 31,1876.
May 4, 1876.
Oregon
Various. .. July 4, 1876Various. .. July 4,1878.
California. July 4,1878.
Mobile
&
June
Alabama.. Juno
Alabama
Girard
.
3,
3,
3,
1,568,729
183,153
610,880
.
.
1.600,000
100,000
532,515
1,408,455
1,800,000
1,200,000
t3,0(M),000
40,000,000
5,500,000
99,301,892
By some
of these grants, the lands were to revert to the
in case of non-completion of the roads within the
United States
but in the grant to the Northern Pacific and
the Atlantic c& Pacific— 43 and 40 million acres respectivelysuch a condition was not imposed, but it was provided that if
any breach in fulfilment occurred,- the United States, after
one year, could do aaything requisite to procure a speedy comspecified periods,
In case of the Northern Pacific, the
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
pletion of the roads.
Earl Grey, advised the King to bring the deadlock to a
Interior
as many new peers as should be sufficient to outvote
the resisting majority in the House of Lords, and fO_
until
July next.
Notoriously, the completion of some of these roads was interrupted by events which nobody foresaw or could have foreseen
secure the successful passage of the bill. The King, al
though friendly to the reform measure, reluctantly, and
after some hesitation, gave hia consent.
His consent
was enough. The Lords took the hint. A compromise
was effected. It was agreed that a given number of the
opposition should absent themselves from the House and
that the bill should be allowed to pass. It was not
with the conditions in such cases is no surprise. Evidence is increasing that many 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
necessary to create the
of the road.
Thus
new
peers.
when the grants were made.
A
literal
The
failure, therefore, to
comply
enforcement of the original limitation
fa
was that the great English reform bill was not anticipated.
Another point in this matter has been just passed upon by
passed and became law in the land.
Signor Cairoli
the
law officers of the Government, as to how far deviations
has evidently been studying to some purpose the constifrom the line of construction laid out for a land grant railroad
tutional law of England.
It would appear, however, if
may go without forfeiting the grant. The decision is very
we are to be guided by the cable dispatch, that what was definite, and states that the road must follow the original
only a threat in England is already apparently a fact in route, but that the question whether the minor deviaItaly.
On Tuesday of this week the Italian Parliament tions which must be expected in some cases, are sufficient to
met, but on the day previous the Official Gazette of Italy make the constructed road a different one from the contemit
grant, is a quesannounced the appointment of twenty-six new Senators plated road, and therefore not entitled^ to the
"A
tion of fact, to be determined by the Interior Department.
to overcome the majority which in the Senate has persisis all that is
substantial compliance with the act of location"
tently resisted the repeal of the Grist tax.
It appear?,
requisite.
lUE CHRONICAL E.
l-«2
THE
NEW FUNDING
BILL.
The 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
probable that it will be
adopted in its present form. In fact, we see one proposition
already finds friends among Congressmen, to the eflfect that the
rate of interest be reduced to 3 per cent, and that circulation to
the national banks issued on these bonds be free from tax. If
our representatives would go one step further and also free the
banks thus using the bonds from the tax on deposits (a tax
which is opposed to every economic principle), they would do
for
its
consideration.
It
not at
is
all
would grant relief where it is most needed, and
same time help to make a market for their bonds.
wisely, for they
at the
A
to facilitato tlie rcfundiug of the uational debt
rnacted, tte.. That all th« exlstins piovhslons of law aiitlioi'iziiiK
the refunding of the national debt flhall apply to any bonds of the United
States bearing a lUKlier rate of interest thaniig per centum per annum,
whioli may hereafter become redeemable; provided, that in lien of the
bonds autliorized to be is.sued by the act of July 14, 1870, entitled "An
act to authorize the refunding of the luitional debt," and the acts
amendatory thereto, and the certitloates authorized by the act of Feb.
2(>, lti79, entitled "Au act to authorize the Lssue of certificates of
deposit in aid of the refunding of the public debt."
The Pccrelary of the Treafluiy is hereby authorized to issue bonds in amount
not exeeedinfr li'500,000,000, which elmll bear interest at the rate
of y-i per centum per annum, redeemable at the pleasure of the United
States after 20 years, and payable .10 years from the date of issue, anil
also notes in the .imouut of $200,000,000, bearinR interest at the rate of
li^ per centum per annum, redeeniaUle at the pleasure of the United
mates after 2 years, ami I'uyable in 10 years from the date of issue but
not more than $10.imio.iioi) of said notes shall be redeemable in any one
fiscal year, and the part inilar notes to be redeemed from time to time
shall be determined by lot, under sueli rules as the Secretary of the
Treasury shall prescribe. The lionds and notes shall be in all other respects of like character, and subject to the same provisions, as the bonds
authorized to be issued by the act of July 14, 1870, entitled, "An act to
authorize the refuudinK of the national debt," and acts amendatory
thereto; provided, that imthing in this act shall be so construed as to
authorize an increjise of the public debt.
Sec. 2. The Secretary of the Treasury is hereby authorized, in the process of refunding the uational debt, to exchange, at not less than par,
any of the bonds or notes herein authorized for any of the bonds of the
United States ontstaudtug and uncalled bearing a higher rate of interest
than 4H) per centum per annum; and on the bonds so redeemed the Secretary of the Treasury may allow to the holders the differeuce between
the interest on such bonds from the date of exchange to the time of their
maturity, aiul the interest for a like period on the bonds or notes issued;
but nime of the provisions of this act shall apply to the redemption or
exchange of any of tlie linnds issued to the Pacitlo 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 anmunt necessary to carry out
the provisions of this act is hereby granted.
Sec. 4. The act approved Feb. 2(i, 187!), authorizing the issne of certifleates of deposit, is liereliy amended so as to continue and limit the
amount of certiHcates to be issued to $00,000,000 to be outstanding at
any one time, and fixing the rate of inti^rest to be allowed thereon at :i
and la 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 sums of $.50, or mnUiples thereof, into the
coupon or registered bonds authorized by tills act; and whenever any of
the said certiHcates shall be. couverted into bonds, the same shall be
canceled and destroyed. But the Secretary of the Treasury may, in his
mseietion, issue new certiHcates in place of those so converted, up to
the Innit of $00,000,000, until the aggi-egate amount of the bonds author"^ ., '' *'"'" '"^•' *'"' "' *''<* "'"'1 C(M-tinc'atos combined then outstanding,
snail equal the amoimtof bonds hereby authorized. It shall be unlawful
for any person or persons to form combinations bv which
to procure
said certificates of deposit autliorizi'd under this act for purposes of sale
to others, or for acting as agents of others, and any person
so cffending
Shall he liable, on conviction, to Ix^ tliied $1,000, or iiuprisonment not to
exceed one year. The Secretarv of the Treasury is authorized and
t" make suitable regulaticms in compliame with this act, provid"^lu*^
!°8tn"i
the ex ucnse for the disposing of the certificates and bonds autlioiized to 1)6 issued shall not exceed one-quarter of 1 per centum
provided
that said certiHcates shall not be sold or converted at less than par
SBC. 5. From and after the 1st day of July, 1880, the lih per centum
Iwnds authorized by the first section of this act shall be the only bonds
receivable as security for national bank circulation.
SEC. 6. This act shall be known as the Funding act of 1880, and
all
acts and parts of acts inconsistent with this this act arc hereby
i-epealed
Bii.i.
lie it
;
•
I
Vol.
Port of
trew York.
Tear ending June 30, 1879.
Foreign Imitorts.
Total U. S.
1878-9,
$
Precious stones
Wool
17,600,397
lbs.
Total value of leading articles
Total value of all other articles
XXX
$
3,624,893
2,159,824
3,842,007
5,034,545
221,195,824 307,250,977
92,919,538 158,822,798
Total value of foreign imports, 1878-79
314,115,362 466,073,775
Vomestie Exports.
BreadstulTs—
Wheat
bush. 55,485,183 $60,197.408
Wheat flour... bbls. 3,236,292 16,899,547 {,„„
„„.
Indian corn. .bush. ;J0,981,052 15,673,697 f i"".""".9''» 210,355,528
All other breadstulTs
7,230,273
Cotton
lbs. 164,566,466 18,410,152:162,301,250
Provisions—
BacouA Haina,lbs. 511,909,924 $36,380,1961
Lard
lbs. 249,358,426 17,480,337
Cheese
lbs. 131,852,419
11,779,423
Butter
11)3.
4,4'_'8,995
32,031,365
Beef, fresh
lbs.
44,41-1,227
4,043,929 f 85,608,617 118,858,650
^^
,
>
I
:
Beef,
salted
cured
or
27,018,507
49,962,536
lbs.
lbs.
Pork
1,820,886
2,798,604
6,876,197
All other provisions
Oils-Mineral—
Illumiuat'ng,gals. 206,520,009 $23,088,504)
Crude
gals.
17,716,883
1,517,701
>
25,593,350
Naphtha
gals. 11,477,029
987,145)
Tobacco— Leaf .llKS. 172,620,786 $12,810,945
39,439,055
Mauufactures
2,506,989 , 15,347,931 28,215,240
Oold and silver bullion and gold and silver coin 11,020,727 17,555,035
Cotton manufactures
Leather
Sole,
upper and
other
lbs.
lbs.
24,867,947
70,823,575
Sugar— Reflned
lbs.
41,055.403
Oilcake
lbs.172,318,445
No. 27,210
all
TiTllow
Furs and fur skins
Homed cattle
Total value of leading articles.
Total value of all other articles.
7,657,781
10,853,950
5,026,667
4,949,887
4,048,812
3.491,139
2,717,783
2,310,997
5,846,883
6,934,940
4.828,158
6,164,024
4,394,010
8,379,200
.286,214.771 622,128,922
52,002,775 94,964,855
.
Total value of domestic exports, 1878-79. ..333,817,546 717,093,777
The fluctuations in the foreign commerce of the port of New
York during the last nine years, compared with all ports of the
United States for the same period, are as follows.
New Yokk
Am, Pokts of THE United St.vtes. —
.
Year end'g Total Foreign
June 30—
1879
1878
1877
1876
1875
1874
2'otal
Foreign
C'liiuurrir,
Commerce
Increase.
$6li.5.:!fJ,'Ji(S
6fJ.|,:Mlll.2(;9
61-<.271,2S1
620.'JH7.133
$1,202,708,609
1.210.519,399
1,207,097,425
1,153,411, 873
3,421,974
53,685,550
341.549
730,127,354
758,423,489
704,090,721
663,527,756
1,324,104,706
1,340.899,221
1,212,328,233
1,132,472,258
1873
1872
1871
81,619,193
89,073,638
16,794,515
1,23.5,031,068
71.'i.
Decrease.
$7,810,790
128,570,988
79,855,975
140,575,369
ptwttctavij 5 ©0nxmc vcial ^tigXisTt %tvos
;
1
;
RATES OF EXCHANGE AT LONDON AND ON LONDON
AT LATEST DATES.
EXCHANGE AT LONDON—
EXCHANGK ON LONDON.
Jamtaky
On-
Time.
Hamburg
.
. .
Berlin
Frankfort
.
UNITED STATES.
Vienna
Madrid
fiscal
Porl of
York.
jV'eic
Sugar and Molasses—
SuRar
lbs., 1,169,677,992. $46,037,470
Molasses, gals..
12,094,716.
2,292 038
Mclado....lba.,
48,907,074,
••,
!Ip,fVi
Tin— In bars, bjjicks
pigs
or
cwt.
lbs.
Toldl r.
.«.
1878-79.
$
49,719,708
79,281,569
32,739,331
23,196,860
10,667 135
17 618 454
9',819;720
47,356,819
24,013,398
24,333,700
19.928,310
14,693.837
20,296,000
15,959,017
14,577,618
7,824,520
12,459,757
6 622 821
7,556,854
1,390,200
•;••;
lbs, 259,228,451
kS?**
Silk manufactures
Woolen manufactures
;....
cotton manufactures
Flax manufactures
Gold and Mlver bullion and gold and silver coin
Hides and skins, other than furs ....
43,416,979
12'33'''6i7
li;76(T3on
lo 013 577
)
125,168 $2,021 ,.373 >
Tin-In plates
cwt.l,41«,834 5,803,147)
Iieather and leather manufactures
Tobacco and tobacco manufactures—
"""
Lt'"'
lbs. 5,937.1,52 $3,036,063*
9.*far8
lbs.
581,212 2.157,991$
,
India rub'r&guttapcrcha,erude,lb8.11,865,875
nines, epints audcordiala
**
"
"
'
'
„,„,„.,
5.194,054
5,812,425
4,713,704
4 152 297
6,068,088
6,037,033
Shanghai
Rate.
2516>a
Short.
30 Short.
25- 19
3(1
12-04
....
Jan.
30 Short.
20-29's
Jan.
Jan.
28 3 mos.
256,.
3(1
*'
... ..
....
ll-'^§
..
.-..
23-525-2»28-o7i2
**
....
®12-3!4
20-50 'ai20-54
20-50 a>20-54
20-50 -©20-54
24iBie®25i,«
11-90 ®ll-95
Tim^.
30 Short.
12-2:11
4738®47>3
90 days
Lisbon
Alexandria ..
New York...
Bombay
Latest
Date.
473lB-S)47Si8
60 days
"
52»]«®521ii6
Is. 8d.
Is. 8d.
Hong Kong.
year.
Foreign Imports.
•
"
"
"
"
Cadiz
Calcutta ....
Mr. George Wilson, Secretary of the Chamber of Commerce,
has prepared for his forthcoming annual report the following
interesting statement of the commerce of New York,
comparing it with the aggregate at all the other ports. Of course
these figures are for the
Year entling June 30, 1879.
3 mos.
.
St.Petersb'rg
Genoa
COMMERCE OF NEW YORK AND OF THE
Kate.
Short. 25-15 •a25-20
Jan.
3 mos. 25-36i4®25-41i.i
"
25-40 'a'25-43
Jan.
Short. 12-0-\ ®121i4
Jan.
Paris
Paris
Antwerp
Amsterdam
Amsterdam
29.
•••"
Jan.
Jan.
Jan.
Jan.
Jan.
Jan.
M
3 mos.
30 60 days
30 6 mos.
•'
30
"
30
30
90 J*
48II3
Is. 87i„d.
Is. Siigd.
38. lO^sd.
58. 3i4d.
[From our own correspondent.
London, Saturday, January 31, 1880.
The money market continues very easy, but the directors of
the Bank of England adhere to their published rate of discount
The demand for accommodation during the last
of 3 per cent.
two days has slightly increased, owing to the settlement on the
but the mercantile inquiry has been very
Stock Exchange
;
moderate, and the Bank return shows that at the Bank of England 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 suflieiently decided to
cause activity, the demand for money on the part of our merchants has not perceptibly increased. The abundance of
Fkbudart
THE
31, lt80.]
(JHRONICI.E.
also been angmented by the economies practiced by,
not enforced upon, the people during the last two years. We
have lived cheaply, and this has bean accomplished, first, by
the fact that food has, with but few exceptions, been cheap,
and, second, by the surrender of most, if not all, luxuries. If
manufacturers and distributors have suffered from this care-
money has
if
fulness on the part of consumers, the large class of consumers
has derived great benefit, and the money available for investIt is better that
is perhaps in more numerous hands.
should ba so, as a more equal and equitable distribution
of wealth gives stability to the country and promotes prosperBesides it is more than probable that so desirable an
ity.
increase of thrift as has been experienced of late years will
continue. The desire to deal at co-operative stores, and on the
but
cheapest terms, is becoming more general every day
though those who suffer from such competition are loud with
their complaints, yet a very large section of the community
derive great advantages, which they are by no means willing
to surrender. The conditions of domestic life have certainly
ment
this
;
much during the last few years, and there are apparently few who would desire to embark again in a career of
extravagance or careles.snes.s, which enabled tradesmen to
accumulate large fortunes, but which left their customei-s in a
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 divialtered very
now that the income tax is being received, the
Treasury Balance shows a small increase, viz., of £156,101.
Considerable efforts are being made by the income-tax collectors
dends, but
183
1880.
3 p. c.
981a
Bank
rate
Consols
Edk. wheat, a v. price
Mid. Upland cotton
1879.
3
45s. 7d.
.
p. 0.
mu
398. 1<T.
5»..d.
7'|<I'1-
954
1877.
2 p. ^
954t
Sl8. lOd.
6>4d.
52b. 3d.
«»4d.
1878.
2
p. o.
aearin/House rct'n. 88,.375,000 "7.383,600 77,20?,00() 103,786,000
In the gold market there ha-s been no important movement
during the week. There i.s a small inquiry for Franco, Germany and Holland, and it is expected that a large quantity
will be sent to Paris, in connection with tlie settlement, as we
have made largo purchases of securities of late upon the
Bourse. The exchanges are generally adverse to us, but there
is no strong movement, and the supply of gold held by the
Bank continues to be replenished by the return of coin from
provincial circulation. India Council bills have sold at a rather
lower price, viz., at Is. 8 3-16d., and the silver market, thoagh
at present rather bare of supplies, is somewhat cheaper.
Mexican dollars, however, have ruled steady in value. The
following prices of bullion are from the circular of Messrs.
Pixley
&
Abell
GOLD
Bar
Bar
Rold, fine
confain'B
Spanish doul)loons
);iild.
'20
South A nioiican doubloons
United Stat«s Kold coin
Gorman gold coin
Bar silver, fine
Bar silver, contain'g 5
Cake silver
Mexican dollai-s
Chilian dollars
Quicksilver,
grs. gold
S.
A.
d.
..
peroz
£7
R.
peroz. standard. 77 9Jaa
per oz. standard. 7711 a
peroz. 75 O a>
peroz. 73 H'^'S
.peroz '76 3H9
peroz. 76 S^a
SILVRR.
d.
peroz. standanl. 52»ia »
peroz. standard. 52i»i8a
peroz. 56^ »
i>cr oz. 51'4 '9
pwts. silver
58. Od.-Sifi? 78.
The following are the current
ed.
•5
d.
a
Discount, 3 per cent.
rates of discount at the prin-
cipal foreign centres
Bank
Open
Bank
Ojieu
rate.
ni.arket.
rate.
market.
Pr. ct.
Pr. ct.
Pr. ot.
Pr. ct.
payment of the tax in question, as the Chancellor of Paris
20&»2''8 Vlonn.^
3
4
3^«1
3
3
Madrid, Cadiz &
the Exchequer is desirous of presenting as favorable a budget Anistci'dani
Barcelona
4 -SS
Brussels
3
2^®3
4
Listiou it Ol>orto.
4
•2'H-a:i
6
.5^j^6
as possible. In Parliament, and at the next election, the finan- Berlin
2i>8a2'^a St. Pctersbiii-g ...
4
Hamburg
cial policy of the Government is certain to be attacked, and it Frankfort.
4
2^33
Calcutta
4
3ia^4
4
3 •aa4
3 -SS'* Copenhagen
lA-nnig
is necessary therefore for the Government to look earnestly
4 -ae
4
4
New York.
Gcuoa
after its finances. The improvement in trade has not yet had Geneva
3ia®4
4
much influence on the revenue, but a better result is expected
The directors of the Anglo-American Telegraph Company
in the course of the year. Although there is a small demand
(Limited) report that the total receipts for the past half-year
for gold for exportation, the supply held by the Bank continues were £397,426, including £11,300 brought forward. This is
to increase, the improvement this week being £230,132. This £91,731 more than in the corresponding half of 1878. The
is due of course to the return of coin from provincial circulaOut of the large balance left,
total expenses were £59,766.
tion, and seems to indicate increasing confidence.
The circula- £140,000 has been placed to the credit of the renewal fund, and
tion of notes and Bank post-bills has also been diminished to the amount available for distribution is therefore £197,660. A
the extent of £374,187, and the result is that the total reserve quarterly dividend at the rate of 6 per cent per annum was
shows an increase of £586,262. The proportion of reserve to paid last November, absorbing £105,000, and it is now proposed
liabilities is now47'62 per cent, against 45'17 per cent last week. to pay 1/^ per cent more, which will make the dividend for
The stock of bnllion held by the Bank amounts to £28,258,101, the whole year on the ordinary stock 5 per cent and leave
to obtain
.
.
.
.
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
£5,160 to be carried forward. On the dividend stock the distribution will be 6 per cent to the preferred and 4 per cent to the
deferred half.
Our colonies continue to borrow money, and this week the
has," through the Bank of New
very moderate, but there has been a somewhat augmented South Wales, announced an issue of £3,294,600 in bonds of
inquiry in connection with the Stock Exchange settlement, £1,000, £500, £200 and £100 each, bearing 4 per cent interest
which has been unusually heavy. The rates of discount are from the commencement of the year. The -minimum price is
£24,644,899 in 1879.
The commercial demand
for
money during the week has been South Australian Government
considered to be a trifle firmer, but now that the settlement has
been completed, a return of extreme ease is anticipated. Mercantile paper is still very scarce. The following are the present
quotations for money:
Per cent. Oi>en-niarket rates—
Per cent.
Bank rat«
3
4 months' hank bills
1 foil's
Open-market rate.<(—
G months' bank bills
'2'4a)'.i^
30 and 60 days' bills
1 Ssali^
4 (fc e months' trade bills. 2 ^i a> 3
3 moutlis' bills
I'aai's
At a meeting of the joint-stock banks on Thursday, it was
resolved to reduce the rate of interest for deposits, and the
majority of them now allow 1^ per cent. The discount houses
lowered theirs
last
week.
The
following are the quotations
:
Percent.
r
^
.
,
,
,
Joint-stock
banks
Discount houses at call
Do
-with notice
.
lij
£92 lOs. 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 principal part of this issue is to be repaid at par on the 1st of January, 1909, and the balance of £200,000 on the 1st of July,
of South Australia is about
and the population under 300,000.
The early part of the week was very severe, and
skating was resumed with avidity. In some parts of the country, and especially in London, the fog has been very dense,
bu t yesterday and to-day the weather has been brilliant, and
we seem to have traveled in a few hours from Winter to
1929.
The present funded debt
£5,300,000,
Since Monday the temperature has risen 30 degrees,
and there are no signs of rain. The Autumn and Winter have
Annexed in a statement showing the present position of the
and dryBank of England, the Bank rate of discount, the price of Con- certainly been as remarkable for their seasonableness
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
1880.
1879.
1878.
1877.
Circulation, including
resumed. The dryness of the weather and the absence of snow
bank post bills
1 ',019,39G 32,411.61(> 27,210,371 27..'>92,835
~
Pulilic (Ifposits
"
3,80.->.9'20
4i275!H47
3,(i7rt..'J5>
1,^37, l«,-i have enabled them to cart their manures to the appointed
Other di|M)3it8
30,132.77.') 31,0'28.478 2-1,131.125 25,l-l(i.24r)
(lovcrnm'tspcuritles. 17.804,788 l.'j,717,974 l(i,20'2.50<) 1(>.3(>7,87G fields with ease, a'ad it is probablo that during the next
Other securities
18,'238,132
M,644,8»9 I7.80<.».437 17,73'2,!tl7 few weeks large tracts of land will be prepared for Spring
Res' vo of notes* coin 16,519,941 12,819,909 12,981,690 14,057,356
Coin and bullion in
sowing. It is said that not much land has been sown with
both dep.artment8.. 28,238,101 30,005,694 24.868,885 26,030,241
Winter wheat, and it seems probable that more attention will
ProiKirtion of reserve
tolitthlUtics
47-62
36-58
44-55
be paid to the cultivation of barley, spring corn and roots.
.....'.
£££.£
:
1
II4
Spring.
:
..
THE CHR0N1(;LK
184
The wheat trade during the week has been decidedly
The liberal quantity of produce afloat and the large
supply in the United States make buyers cautious ; but there
Occasionally sales
is no strong downward movement in prices.
are made on lower terms, but the deliveries of British farmers
are small and the consumption of foreign produce is great,
Duruig the week ended January 2-J, the sales of home-grown
wheat in the 150 principal markets of England and Wales
amounted to 36,903 quarters, against 55,791 quarters last year;
and it is estimated that in the whole kingdom they were
147,000 quarters, against 223,200 quarters in 1879, Since harvest
the pales in the 150 principal markets have been G68,7S5
quarters, against 1,188,614 quarters; while it is computed that
in the whole kingdom they have amounted to 2,676,000
quarters, against 4,755.000 quarters in the corresponding period
Without reckoning the supplies furnished
of last season.
ex-granary, it is estimated that the following quantities of
wheat and flour have beeli placed upon the British markets
since harvest
1879-80.
Sales
of
1876-7.
15.755.90,1
1877-8.
1878-9.
21,100,09.3
Imports Of wheat. cwt. 29,153.800
Importe of flour
5,113,d00
3,283,003
25,716.476
3,431,505
2,548,708
bome-grown
produce
11,592,300
20.002,000
16,239,000
18,601,500
Total
45,859,900
45,051,301
45,433,931
38,90'J,173
Deduct
exports
of
wlieat and flour
Result
470,589
861,310
910,819
535,103
45,389,311
44,189,991
44,526,162
36,324,003
403. lid.
533.10.1.
4S3. 6iV
At'kc pric« of English
wheat for the season.
478.8a.
The
following figures show the imports and exports of cereal
produce into and from the United Kmgdom since harvest, viz.,
from the first of September to the close of last week, compared
with the corresponoing periods in the three previous seasons:
1.M PORTS.
Wheat
Barley
Oats
Pons
Beans
Indian
Flour
com
Wheat
Barley
Oats
Peas
Beans
Indian corn
Flour
1879-80.
CWt. 29,153,800
7,713,439
6,604,781
1,109.021
1,238,394
9,480,552
5,113,800
ewt.
1878-9.
1877-8.
1876-7.
21,160,098 23,710.470
5,961,209
6,703,129
5,449,651
5,133,756
793,676
876,062
558,357
1,759,340
12,590,410 12,080.431
3,288,603
3,431,505
Exponxs.
1879-80.
1878-9.
1877-8,
421,824
820,432
888,722
7,585
65,086
23,0.57
41,795
47,294
59,547
71,759
8,366
12,550
15,361
3,519
10,296
416,362
138,433
46.850
48.765
40.323
22.097
13,755,903
6,249,471
4,678.060
670,481
1,829,783
14,328,109
2,548,7B8
EuKllch Market Ileports— Per Gable.
The daily closing quotations in the markets of London and
Liverpool for the past week, as reported by cable, are shown in
the following summary:
London Money and Stoi-.k Market.—The, bullion in the Bank
of England has decreased £8,000 during the week.
Sat.
Feb.
Mon.
Tucs.
Feb.
Wed.
Thurs.
]'el).
Feb.
Fcl).
Id.
17.
18.
14.
F.i.
Feb.
19.
20.
8aver,peroi
d. SaSj,
52Je
52S,e
5214
52ii8 152
Consols for money
98ii6
985,„ " 983,„
083i8
983i6
985i6
Consols for account .... 981 18
9B\n gS^in 986iii 98>4
983i«
C. 8. 58 of 1881
loeig
106
IO6I4
10038
106% IO6I4
U. S. 412S of 1891
H0»3 llO"-.! 110% llOSi llOTo 110:%
U. 8. 48 of 1907
logif!
IO912
10931
10931
lOO^s
lOO's
Erie, common stock
49%
49%
4919
49»2
4914
49%
Illinois Central
104»2
IO6I2
103% 105
105>3
IO6I4
Pennsylvania
53%
54
,54
54
53%
54
Phlladeli)hia& Koading. 33''8
35%
3513
34%
34%
34%
Liverpool Oottm Market.— See special report on cotton.
Liverpool Breadstuffs Market.
Sat.
Mon.
Tues.
Wed. Thurs. Fri.
d.
s.
«.
d.
s.
d.
g.
d.
».
d.
s.
_,
„
d
Flour (ex. State) »cenfl. 14 6
14 6
14 6
14 6
14 9 14 9
WIieat,spr'g,No.2,1001b.l0 9
10 9
10 9
10 9
10 10 10 11
8i)riug,No. 3...
"
10 4 10 4
10 4
10 4 10 5 10 6
Wmter,West.,n.
"
11 2
11 2
11 2
11 2
11 3 11 4
8outhCTn,new.
"
11 4
11 4
11 4
11 4
11 5 11 6
Av.Cal. white
"
10 6
10 6
10
10 6
10 6 10 10
California club.
"
11
11 1
t
11 1
ii
1
Corn.mix.,W.oIdWcent'l 5 4
5 4
5 4ii! 5 4>a 5 6
5 sia
do do now. "
5 3
5 3
5 3ifl 5 SHs 5 513 5 712
Liverpool I'rovmons Market.—
Sat.
Mon.
Tues.
Wed. Thiu^. Fri.
—
no
Pork, West. mess.. ^bbl.5*9
BMon. long clear, ewt.. 34
Slioit clear...
"
30
Beef, pr.niess,^ tierce. 80
Ijard, prune West. Scwt.38
Cheese. Am. choice " 73
.59
o'
,59
o'
.'b
37 6
80
39
73
—
Pencum.ref.Wgai. 6%
aO's
Pefleum, spirits " .. &.... -a ..
..
..
®
@
Wed.
c'
..
..
57 6
35
37 6
80
39 o
73
o'
35-6
34 6 34 6
6
36
36 6
80
80
6
33 9 33 9
73
73
London Petroleum Market.
Sat.
Mon.
Tues.
.
.
s,
Thurs.
.
®
....•&
5*7
Fri.
®
.'.
G^Z-'C
Imports and Exports for the Week.—The imports
of last
week, compared with those of the preceding week,
show
adecrease in dry goods and an increase in general
merchandise
rhe total import« were $8,207,246, against $8,469,472 the
precedmg week and $11,753,252 two weeks previous. The exports
Feb. 17 amounted to $6,825,443, against
is^ohnTT''.^"'^''?
|5,725,001 last week and $6,322,878 the previous week.
The
following are the imports at New York for the
week ending
£rch7nls°:Kt:'''°'
''' '^'
"^* ^"^"^
^'"^ ^^'^''^
THE WEEK.
G«nci'al milso...
4,300,340
1879.
$2,260,154
2,664,617
1880.
$2,336,319
5,870,927
Total week
Prev. reported..
$7,022,002
34,149,105
$0,411,214
31,401,163
$1,930,771
32,816,462
$8,207,246
52,154,672
$37,815,377 $37,747,233
$00,301,918
*
Total8'oeJan.l. $11,171,167
...
In our report of the dry goods trade will be found the imports
of dry goods for one week later.
The following is a statement of the exports (exclusive of
specie) from the port of New York to foreign ports for the
week ending Feb. 17:
EXPORTS FROM NEW TORK FOR TUB WEEK,
For the week....
Prev. reported..
1877.
$4,670,161
33,390,437
1878.
$7,283,351
37,849,737
1879.
$7,301,103
34,302,403
1880.
$0,825,443
35,383,407
TotaU'ee Jan, 1. $38,500,598 $13,133,088 $11,003,566 $12,210,850
The following will show the exports of specie from the port
of New York for the week ending Feb. 14, and also a comparLson of the total since Jan. 1, 1880, with the corresponding
totals for several previous years:
Feb.
12—Str. Aeapulco
14—Str. Celtic
AsplnwaU
Am. gold coin
Liverpool
14-Str. Main
Loudon
Mex.
Mex.
Mex.
Am.
.
$8,000
24,000
16,300
2,000
50,000
.
silv. dols.
silv. dols.
sil.
buli'n.
bars.
silv.
Tot \\ for the week i$92,300 silver, and $8,000 gold)
Previously reported ($073,642 8ilv.,ana $266,990 gold)
$100,300
j040,632
and $274,990 gold)
$1,040,932
Same time in—
Same time In—
Same time in—
1879
$1,917,010 1875
$12,765,171 1871
$6,171,274
1878
1,880,646 1874
5,104,800 1870
4,872,042
1877
1,934,515 1873
10.538,037 1869
5,352,403
Tot. since Jan. 1, '80 ($765,912 silv.,
1376
1872
2,131,979 1863
10,592,115
of specie at this port for the same periods hare
been as follows:
5,539,980
The imports
Feb.
9—Str. Ailsa
9—Str. C. of Mcrida
,.U. 8. of
Colombia... Am. gold coin..
Mexico
Am. silv. coin..
Am. silv. coin..
Am. gold com
$1,3(55
600
2,150
1,700
70,528
.
S>-Str,
Clyde
For. silv. coin..
For. gold coin..
..U. S. of Colombia.. .Am. silv. coin..
Am. gold coin..
.
370
1,336
1,050
1,532
Gold dust
10-«tr. Colon.
..U. S. of Colombia... Am. gold coin..
gold coin..
gold coin..
silv. coin..
26a
11—Str. Bermuda.
..British West Indies. For.
11—Str. C. of E.deJan'ro. Danish West Indies. Am.
11—Str. Atlas
West Indies
Am.
For. silv. coin
For. gold c©in
12—Str. C. of Washingt'u.CiiIm
13—ScUK Advance
Hayti
Am. gold
Am. silv.
6,266
320
50,923
1,490
1,265
.
.
900
500
coin..
coin..
Total for the week ($127,527 silver, and $15,028 gold)
Previously reiwrtcd ($329,343 sUv., and $767,374 gold)
Tot. since Jan. 1, '80 ($456,870 silv.,
1879
1878
1877
1876
and $782,402
$1,942,763
2,818,225
2,218,131
501,978
$1 12.555
1,096,717
$1,239,272
gold)
Same time in—
Same time In—
Same time in—
1875
1874
1873
1872
$317,293 1871
$419,734
3,051,570
914,489 1870
2,021,640
193,793 1869
542,537
233,898 1868
The following table shows the receipts and payments at the
Sub-Treasury in this city, as well as the balances in the same,
for each day of the past week:
Balances.
Payments.
Keceipts.
"
17...
18...
19...
20...
"
"
"
Total
Gold.
$
$
Feb. 14...
"
16...
954,732 34
79
43
88
63
70
29
1,617,848 00
3,341,124
2,015,264
980,677
626,731
580,525
1,644,784
8,107,451 60
9,189,108 74
1,703,574 99
1,112,860 60
1,809,241 07
969,194 60
BIMINC AND
FISK
^k
Ciurrency.
$
$
93,129,915
98,081,389
98,367,250
99,514,108
99,848,210
99,766,439
47
7,233,465 84
31
58
0,!)72,;J02
78
54
31
0,918,018
0,834,622
0,909,190
0,964,024
56
01
87
01
95
FININCIAL,
HATCH,
BANKERS,
AND DEALERS
IN
aiid other desirable
o'
33 6
38
80
39 o
73
XXX
l^'SJ
$2,101,874
n
6
VOIilC FOll
Vol.
"'"^$2,7»9.099
4,232,903
,
Dry ^
Good.1
rx
1876-7.
568,128
11,953
64,621
12,530
15,470
223,114
17.040
NEW
FOREIGN IMI'OKTS AT
quietvisible
I
GOVERNMENT BONDS,
Investment Securities,
NO. 5 NASSAU STREET, N. Y.
Buy and sell all issues of Government Bonds, in large or small
amounts, at current market prices, and will be picised to furnish information in referenci; to all matters connected with iuvcatmeuts in Government Bonds.
We are prepared to give Information in regard to first-class Railway
Securities and to exccnte ordci's for the same.
Buy and sell all marketable Stocks and Bonds on commission, at the
Stock Exchange or in the open market.
Receive accounts of Banks, Bankers, Merchants, and others, and allow
interest on daily balances and for those keeping accounts with ns wo
collect U. S. coupons and registered interest, and other coupons, dividends, &c., and credit without charge.
[gp" We give special attention to orders from Banks. Baukoi-s, Institutions and investors Out of the city, by MAIL or TELEGRAPH, to buy or
;
sell
GOVERNMENT BONDS, STATE and RAILROAD BONDS, BANK
STOCKS, RAILRO.VD STOCKS, and other
securities.
Wo have issued the Seventh
Edition of " Memoranda Concerning Government Bonds," copies of which can bo had on application.
FISK & HATCH,
..
K Febriaky
THE (.HRONJCLK
21, 1580.1
185
Closing prices at the N. Y. Board have been 88 followa:
NATIONAL BANKS OKGANIZBU.
The United States Comptroller of the Currency furnishes the
following statement of National Banlis organized the past week:
2,455.— The City National Kunk of Dallas, Texas. Authorized eai)ilal,
jBIOO.OOU; iiald-lii eapltal, $100,000. A. F. Ilanlle, Prenl(lciil;
Cashier. AutUoi-izcd to hnKln biisluess Feb. 17, I>ssii.
,
DIVIDKNDS.
The foUowlna dividends liavo
Name of Compan7.
recently been announced:
Per
When
Cent.
Payable.
Railroad.
Chicago BurlhiKton
&
Qulncy.
$2
Books Closed.
(Days nicliislve.)
March 15 Feb. 27
to
Mch. 12
FUIDAV, FUB. 20, 1S80— 5 P. m.
Tbe Money market and Financial Sjltuatlon. —The financial markets have developed a general tone of strengtli thi.s
week, on a pretty large volume of i)usinesa. There have been
no further announcements of a-stanishing railroad combinations, but there has been more activity at the Stock Kxchange
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
6»,
6«,
1880
1880
6s,
«»,
5«,
1881
1881
1881
1881
.5s,
4i2«,
lutcrcBt
Feb.
Feb.
Feb.
Feb.
Fob,
Feb.
Pcili)d«.
14.
10.
17.
19.
10.
20.
ro;f.
..coup.
<Sc
i
&
....rcK.
..coup.
-Feb.
-Feb.
JIur.
..rcj?.
.
..coup.
1891.
..rcic.
coup.
Ihi". 1891
rcK.
49, 1907
coup.
4e, 1007
6«, cur'oy, 1895.. r«K.
6s, curVy, 18fia..reg.
Os, cur'cy, 1897..reg.
68, curVy, 1898. .rc«.
6s, cur'cy, 1899.. re it.
—
thought there is a strong feeling in all classes of securities.
have frequently called attention to the fact, in the past
six months, that a great number of stocks and bonds are
now in a 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 embraced in this immense combination which has not been completely bankrupt in the past ten yeans, 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.
The circumstances are entirely changed, and dealers in stocks
and bonds are left to form an estimate of future earnings, with
hardly any better facts to go on, than in the case of a new railroad just opened for business. When it is remembered how
many new and " reorganized" companies are now represented
at the Stock Board, the importance of the point here referred to
will be readily seen, and the influence of this uncertainty in
fostering .speculation will be recognized as one of the leading
features of the time.
The money market has been easier as a rule and
stock brokers
Lave u.sually paid 4 to 6 percent, while government bond dealers have been accommodated at 3@4 per cent. Prime corumercial paper is in demand at 5@5^ per cent.
The Bank of England statement on Thursday showed a decrease of £3,000 in specie, and the percentage of reserve to liabilities 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 their 25 per cent legal reserve, the whole of such
excess being .?4,«50,475, against 13,331,450 the previous week.
The following table shows the changes from the previous week
and a comparison with the two nreceding years.
1880.
Feb. U.
Dlffor'uces fr'iu
previous wtek.
1879.
Feb. Id.
187
Fel). 10.
Ix)ans and dis. .$200,445,200 Ino
$03,000 $244,180,300 1242,859.900
Specie
54.74t).500 Inc. 1,7.'> 1,900
18,039,500
33.011.000
Circulation ..
21.599.000 Dec.
8:1,000
l!>,3as,8!)0
19. 7S 1,2:10
Net depo.sits
207,12'?,100 Inc 2,72:1.900 217.271.200 212.l;iJ.O00
Legal tenders.
10,080,000 inc.
248,100
48,334,800
34,845,000
.
liOgal rt'sorvo.
Reserve held.
Surplus..
.$00,732,02-) Inc. $080,975
71,432,500 Inc. 2,000,000
$1,650,475 Inc. $1,319,02.^
$.")4,31
7,800
06,394,300
$53,03:!,O00
$12.076.500
$14,824,200
n7,S57,200
&
&
&
&
J.
J
J.
J.
J.
<Sc
10.-.
".J
1051.J
ill.-.-
103 ȣ.
103:>s'
io;<'.j
lo:).|«
io:i
io:i'v
108'., lOfllBi HI'S
107 'h
10s 7, 109
lOOH! 107'»
106»8 107 '4
Vil •124
•124 •124 >8
124 '124 14
•124 124:(»
•124
*123
'
jr.
101
101
107*1
y.-Mur.
O.-Jau.
Q.Jrtu.
109'j
IOil>.|l
107
107>,
107>f.
107
121
124
121
120
•I
10914^
2.-.
1 •>:,
•I2..^
*12.-.'
12«'s 125',.
' This Is the i>rlcu liid : no Hate wan made at the lloarii.
The range in prices since Jan. 1, 1880, and the amount of eftch
class of bonds outstanding Feb. 1, 1880, were as follows;
Range
Highest.
68,18.90... .ep. 1021) Jau. 13
Os, 1881... .(•p. 104i6.lan.
7
58,1881... .cp. 103 Feb. 2
100%
Jan.
2
4148, 1891. .cp.
48,1907...
.cp.i
Amount
since Jan. 1, 1880.
Lowest.
104 Feb. IG
1055«Fob. 18
104 Jau. 29
H)9>.l Feb. 17
103 Jan. 2 107' I Feb. 10
125i«Fcb. IS 1201.2 Feb. 17
Feb. 1, IggO.
Registered.
$14,845,000
184,239,150
283,823,730
108,391,000
507.087..l(K)
Coupon.
$3,570,000
00,877.100
217,071,600
81,009,000
231,088,750
61,623,512
Closing prices of securities in Loudon for three weeks past and
the range since January 1, 1880, were as follows:
6s.cin''nc.v. rog.
bearish element in the market and an irrepressible feeling
that prices will go higher—the wish being father to the
We
J. •103:!i
J. '103:'i
J. '105 >«
J. '105 >3
ic
Feb.
Feb.
6.
13.
20.
Range
siucc Jan.
Lowest.
1,
1880.
Highest.
10579 100
106>4 105=8 Jan. 15 lOO's Jan. 12
Ill's xlOM 110% 109 '8 .Tan. 2 1111-1 Feb. 10
1083Hll093Bl09''a IOOI4 Jan. 2 109'8 Fob. 19
U.S. 5s of 1981
8. 4i3Sot 1891
U.S. 43 of 1907
U.
State
Feb.
and Railroad Boude.—There have been some
transac-
lower classes of Southern State bonds, such a.s
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
3-65s now up to 97M. Railroad bonds have been very strong
and transactions at the Board show large dealings in severju
of the leading bonds. Tlie Chesapeake & Ohio issues had a
marked activity at advancing prices ; St. Louis & Iron Mountain incomes are still among the leading bonds as also Erie
second consolidated. Blissouri Kansas & Texas, International
and Great Northern, Mobile & Ohio, Rome Watertown &
Ogdensburg, and some other bonds also showed at times a
decided activity. On Wednesdaj"- there was a notable sale of
Erie first corsolidated 7 per cent gold bond.s $1,000,000 of
the.se beingfsold in a single lot at 121>^, and reported to be for
a prominent Life Insurance Company.
Messrs. A. H. MuUer & Son sold the following at auction this
tions in the
—
week:
Shares.
220 Chemung RU
80
82 KIniira .Icfforson & Caunndaigna l:i{
53
125 Merehanl.^' St'mboat Co.. 100
100 N. Y. State Loan & Trust
Co
for $510
200 Lacrosse & Milwaukee
RR
$21
100 Eilo & Pitts. RR.. guar. 90
1,360 Meridcn Britannia Company
$105 per share.
30 Rejiubllc FIro Ins
70
lOPhenix Ins. of Brooklyn. 125 19
23 CU. Western Miiriue Ins.. 82
300 Chiciigo & Southw. RR
1%
;
$100,002 The
& Oswego Midland
RR. Co., due July 1,1873,
and unpaid as represented
N. Y.
a certain receipt of the
Comratttcc of Reorgaidzation, face value $100,002
I))'
.
.
.
Bontfs.
$20,000 Ninth Av. RR. 1st
uiort. 78, due Oct., 18S0.
01
5,000 Kaus. & Neb. RR. 1st
.
niort
& Oswego Mid.
RR. equipment conv. mt.
50,000 N. Y.
SoH
lioufh.
right, title .and
Interest of, in and to 3,848
coupons cut fi'om the first
mort. gold bonds of the
(hvpo.)
^
32
500 Town of West Farms 7
per cent bond, No. 11, duo
Feb. 1, 1877, with coup's
attached for 1875, 1876,
1877 and 1878
$500
500 Town of West Fanes 7
per cent bond. No. 5, due
and payable Feb. 1, 1878,
with coupons attached for
1875, 1870 and 1377. ...$500
500 Mctrop. O'liglit Co. scr.lOO
800,000 N. Y'. & Oswego
Mid. RR. 7 p. c. gold cons,
mort. lH)nds, duo 1903, all
coupons on
10
bonds (hvpo.),$l,000ea.. 15%
000,000 N.Y. & Oswego Mid.
RR. (Western extension)
1st mort. 7 p. c. bonds, all
unpaid coupons on
10
Railroad and ITIiiicellaneoua stocka.— The stock market
has shown decided activity this week, and prices have generally
been strong. Nearly all the different groups or classes of stocks
have shared in the activitj', 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 in 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 fonvard her great supply of grain, but thus
far the trunk lines have held firmly, and must be doing a business which pays handsomely.
I'he 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 and 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?4 with heavy sales. The Hannibal & St. Joseph stocks and Ohio & Mississippi have been
among the strongest of the week, and the Gould party are
crc'dited with being large purch.asers.
Na.shville (.'h.ittanooga
& St. Louis has advanced to 102iM at the close, and Louisville &
Dmlted States Bonds—There has been a large business in
government bonds, but 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 Committee, 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 i!i3,36J,200, as follows: Cs of 1880, from 103-95 to 105 and interest; 6s of 1881,
Nashville to 144. Among the new stocks. New York Lake Ontario
from 105 50 to 106 5s of 1881, from 103 50 to 104.
& Western is about the iuo;4t active and ckMtes at 20/^.
•
;
. .
.
.
.....
dally hlgrhest and lowest prices have been as follows:
Sstur(lH7.
Feb.
14.
Tuesdar. Wednesd. Thursd'y.
Mondar
londar.
'
•••eb.
16.
Feb.
17.
Feb.
Feb.
18.
IK.
Feb. 20.
Atl.*l"ac.Tel.
68«
Onadii South
Cent. I'f N. J-Cent, riwlflc ..
ChM. * Ohio.
do lAt prido »d prf.
ft
Alton.
Chio Bur.*y.
Chlc.M.4 st.P.
prcf.
do
AN. W..
prei.
& I'
ChlcSt.!".*!!
Clev. C. C. &1
Chic.
do
Chic. R.I.
Col.Chlc*
I.C
Del. & H.Cantil
Uel.lJick.A W.
Uan. ASt. Jo.,
pref.
do
Hous.A Tex.C
Ind.Oln.ftlAf.
KiuiBas Pacific
ijUte Shore....
LoaisT.& Nash
Manhattan. ...
Mar.ftO.Utpf
do 2d prf.
Mloh. Central.,
Mobile &Ohln.
Mo. Kan». * T.
Mor. k Essex
Naah.Ch.iSt
New Cent.Coal
N.Y.C.*n. II.
N.r.L.E.AW.
pref.
do
Northern Pac.
prof.
do
Ohio AMISS..
Pacific Mail....
Panama.
A Ready
8t.L.A.AT.H:
pref
do
I.
M.A So.
A
S.Fran.
do
do
Denv.S.P'k* Pac. January...
ret.l.an.s.&No...lstwk Feb
Dtibuoue&S.Citj-.lstwk Feb
Flint & Pere Mar. 2d wk Feb(Jiand Trunk. Wk.end. Feb. 7
Gr't Western. Wk.end.Fel). 6
Hannibal (.tSt.Jo. Ist wk Feb
QUnoisCcn.(Ill.).. January...
do
dona).. January...
Indiana Bl. &W..1.st wk Feb
144,300
15,599
10,088
29.700
174,441
72,222
41,959
417,230
119,121
26.042
30,800
24,125
14,927
25.663
14,602
131,063
14.389
81,939
$9,367
9.640
12.001
$36,003
$25,623
28.427
133.868
144,300
11,849
13.771
85,809
75,768
19,,300
165,236
115,334
171,797
904,507
861.118
P9,104
423,467
395.202
34 259
211,330
171.306
475,891
417,2;<0
475,891
104,301
119,421
104,301
18,584
106,510
101,518
Int. &Gt. North. 1.St wk IVb
37,339
189,459
199.157
K.C.lt.S.iGulf.;Wwk Jan.
12,041
59,943
34.926
Kans.C.Law.,ScSo.4thwk Jan
9,494
38.184
23,600
K. C. St.J. &C.B.3dwk Jan.
22,683
70,238
64,332
Little Rk. &F. Slstwk Feb
7,070
61458
32,088
Louisv. & Nashv.. Ist wk Feb
114,503
778,733
564,979
Minu.& St. I.,oui8.4th wk Jan
10,146
42,938
27,506
Mo.Kan8.ATex..2dwk Feb,
45,283
528,606
288,071
Mobile & Ohio. .2d wk Feb.
5U,.504
44,577
351.413
281.262
Na.shv.Ch.&St. L.January... 205,633
157,278
205,633
157,278
N.Y. Cent.& Ilud.January ...2,593,613 2,024.812 2,593.613 2.024,812
Nortliern Paeiiic. January
81,113
37.014
81.843
37,014
Ogd. & L. Clianip. January...
30,201
18,069
30,201
18,069
Pad.&EUrjabetht.3d wk Jan.
8,035
6,568
24,652
16,112
Pad. & Memphis.. 3d wk Jan.
4,115
3,731
12.644
9,727
St.L.A.&T.H
2dwkFeb.
25,732
14.980
146,918
89,717
do
(bi-s).lstwk Feb
12,540
11,548
63.810
59,993
8t.L.IronMt. &S.lst wk Feb 131,600
93,303
084,215
427,332
St. L. &SanFran.2ilwk Feb.
45.935
20,632
287,915
119,044
St.P.Miim.& Man. January... 180,239
180,239
St. Paul AS.City. 1st wk Feb
22,881
16,645
121,540
95,573
Tol.Peoria&War .2rt wk Feb.
29,215
21,015
148,016
136,953
Union Pnciao.... 13 dys Feb 390.000 328.000 1,249,000 1,019,000
Wab. St.L. & Pac. 1st wk Feb 202.766 148,959
933,213
720,156
Wisconsin Valley.lstwk Feb
4,458
24.129
2,074
11,71»
1879.
1878.
1879,
1878.
AJa.Gt.Southern. December. $53,478 $38,555
$
$
Atl.&Char. Air-L.Deccniber.
96,815
66.423
777,298
629,278
Ml. <fcGt. West... December. 400,853 288.542
Carolina Central. December.
4il.080
37,779
Chic. Burl. &Q... November. 1,327,679 1,296,081 13,341,54713,042,978
Dakota Southern. December
9.91S
19.060
Frank.it Kokomo December
3,406
3,747
40,890
38,397
Gal.Uar. & S. An. December. 1'24,496 132,096
Houst. & Te.^.C. .December. 382,230 360,477 3,205,685 2,920.997
Mobile & Montg. .December
82,580
88.648
703,407
679.260
N.Y.L.Ene&W.. November. 1,515,835 1.331,391 15,110,876 13,928,479
N.Y. AN. Engrd.Deccinbcr. 176,000 138.831
Pennsylvania .. .Dccenitaer. 3,4.53,925 2.605,296 34,620,279 31,636,734
Phila. AErie
December. 304,056 235,308 3,091,808 2,921,061
Pliila. A Reading. December. 1 ,442,587
8l 1 ,656 15.351 ,184 12,8 1 3,770
Pitts. Ciu. ASt.L.Deccmber.
349.939 289.571 3,606.435 3,176,370
SciotoVailey
December.
280,348
30,379
20,132
317,822
Excliange.— Foreign exchange continues to rule firmer, and
rates have again been advanced. Xi'-day, on actual business,
bankers' prime sterling bills sold about 4 84^ for 60 days and
4 86/^ f'lr demand. Cable transfers, 4 87.
The following were rates of domestic exchange on New York
at the undermentioned cities to-daj Savannah buying, 1-16,
Charleston, very scarce, 15 bid
selling 3-16@^ premium
New Orleans, commercial, 25@50 discount, bank 1 premium ;
Chicago, 80 discount; and Boston 40c. discount.
Quotations for foreign exchange are as follows
.
pref.
lat prf.
.
St.P.ASloux C,
pref.
do
Butro Tunnel.
Union
$12,240
.
Lake Erie* W.
St.!,.
St.l..
—
-Latent earnlDRg reported.
.—Jan. 1 to latest date.-.
1880.
1879.
1880.
1879.
& W. Mich. .3d wk Jan.
Mt.V.& Dei.4th wk Jan
Chic.
Clev.
XXX.
. .
Illinois Cent...
Phil.
rvoL.
Week or Mo.
•
Friday,
Am.Dlat. Tel.
Chle.
.
THE (JHRONICLE.
186
The
.
.
Pacitlc.
Wab.St. I-.& 1'.
pref.
do
West. Un. Tel.
• These are the prices bid
aud asked: no
sate
was made
at the Board-
Total sales of leading stocks for the week endiaa- Thursday,
and the range in prices for the year 1379 and from Jan. 1, 1840,
to date, were as follows:
Soles of
Range
Range year
since ,Tan. 1, 1880.
1879.
Week.
Shares.
Lowest.
Low. High,
Highest.
—
:
;.
;
Canada SoutUern
Central of
Cblcaeo
N.J
& Alton
Chic. Burl. & Qiiincy
Chic. Mil. & St. P....
4o
do pref.
Chicago & Northwdo pref.
do
Chic. Rock Isl.& Pac.
.
&
Col. Chic.
Iiid.Ceut
l>el. <t Ilud.son Caiia;
l>el. l.,a<-k.
Hannibal
do
Illinois
& Westeni
& St. Jo.
.
do
pref.
Central
Kansas Pa<illc
Lake Erie & Western
Lake Shore
LotiiHville & Nashv
Manhattan
Michigan Central.
Mi8.souri Kan. &Te.\.
Morris & EH.sex.
Nashv. Chatt.&St.L.
.
N. Y. Ceut.&IIud.R
N.Y. Lake E.& West,
do
prel.
Northern Pacitie.
do
pref.
Ohio & Mississipiii. .
.
.
PacifloMail
Panama
Phlla.
St. L.
St. L.
& Rcidinft
r. Mt. & South.
& S. Francisco.
do
pref.
do
Ist pref.
Union Pacific
Wab. St. L. & Pacitlc
do
pref.
Wostom Union Tel
•
Range from
11,075
05,529
6512 Feb.
•1,309
100»8 Jan.
5
79i2Jan. 23
889 99 la Jan. 2
830 136 Jan. 2
34,690 75i4Jan. 5
51,880 S8iaFeb.
3,187 104 Feb.
175 149 Jan.
7,828 20I2 Jan.
18.610 7018 Feb.
103,38!)
o3 Jan.
27,'260
33^ Jan.
•23 835
64 Jan.
13,830 991a Jan.
87 Jan.
11,783 201a Jan.
139,057 9818 Jan.
17.711 8618 Jan.
.5,981
48 Feb.
.10,4K7
88 14 Feb.
76,785 32 Jan.
3,666 101% Jan.
80,070 76 Jan.
14,356 129 Jan.
204,086 41 '^8 Jan.
19,601
07=8 Jan.
21,020 3II4 Feb.
19,1S8 53 Feb.
182,015 28''8Jan.
68,340 301a Jan.
200 168 Jan.
10,600 64 Feb.
128,409 4918 Jan.
6,300 40 Jan.
6,025 4914 Jan.
2,472 681a Jan,
13,580 8413 Jan.
36,845 421a Jan.
50,225 65 Jan.
101.635 99% Jan.
2
11
10
2
11
6
21
31
45 14
741a Jan. 14
8518 Feb. 16
781a
331a 8978
llO^Feb. 20 75 IO014
152 Jan. 26 111% 134 la
811a Feb. 20 34% 8218
104 18 Feb. 20 74% 102%
93HFeb. 20 49=8 941-2
107% Jan. 8 76*^^ 108
1531a Jan. 10 119
150ia
2518 Jan. 26
5
28
78I4 Jan. 10 38
89%
88 Jan. 10 43
94
42% Feb. 20 1314 411a
75 Feb. 20 34
^018
105i3Jan. 21 79 14 100%
9I8 9210
108 Jan. 19
3513 Feb. 9 16
28 13
107% Feb. 20 67 lOS
146 Feb. 16 35
891a
56 .Tan. 3
93 Feb. 2
49i4Jan. 27
106% Feb. 20
103% Feb. 20
135 Jan.
35
73%
5% 35%
751s 1041a
35 la 83
112
139
48''9
Feb.
7378 Feb.
36 Jan.
60 Jan.
37 la Feb.
4413 Feb.
185 Feb.
723a Jan.
66 Feb.
48 Feb.
59% Feb.
79 Jan.
97% Jan.
43 Jan.
72=8 Jan.
113% Feb.
72 14
93
2
2118
371a
49
7818
14 U6
401a
13 tl4l4 65
18
7% 33%
17 10% 391a
17 123
182
17
2
2
24
19
27
27
20
13
3ie
56
53
601a
781a
8858 95
418
9%|....
57ia|U6
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 earnings of all railroads from which returns can be obtained
The
columns under the heading "Jan. 1 to latest date" furnish
the
gross earnings from Jan. 1 to, and Including, the
period mentioned in the second column.
Sept. 25.
:
FEBRU.iKV
Prime bankers' sterling bills on London.
Good bankers' and prime commercial
Good commercial
Documentary commercial
.
—
,
Hamburg
,
„
1,223,000
202,335
759,997
1,089,166
88,667
113,513
1,119,000
1,135,000
116,971
100,217
832,981
1,008,321
104,802
507,690
60 days.
Demand.
4.83%a4 841a
®4, S2ia
4.86 "334 87
4.86 ai4. 86I2
4.85 ®4. 851a
4.Sli3a4, 85
19%
5.19%»5. lO-'s
4.831434 .83%
4.82i2ffi4, 83
4.82
5.2;-?8
(rcielimarks)
Frankf o.rt (reichmarks)
Bremen (reichmarks)
Berlin (reichmarks)
5.22130.5, 20
5.20
5.21va5 .19%
39 '8 a 4018
95
94=8® 95
94%a 95
94=8 9 95
5.19%a5, 16'8
4018® 40%
95183 95%
9518® 95=8
95iea
9518® 95%
®5, 171a
The following are quotations in gold for various coins:
99%'
Dimes & 'a dimes.
99%® —par.
$4 82 ®$4 80
Silver I4S and I3S.
99%; —par.
99%®
3 82 ® 3 86
Napoleons
95
Five francs
92 ®
X X Reichmarks. 4 72 ® 4 78
Mexican doUars..
89 ® — 90ia
3 92 ® 4 00
X Guilders
1
4 80
EngUsh silver .... 4 70 ®
3pan'liDoubloon8.15 70 ®16 00
Prus. silv. thalers.
68 ® - 70
Mex. Doubloons.. 15 55 ®15 65
99i«
113 ® 1 14
Trade dollars
99 ®
Fine silver bars
99%® par.
par.SHprem. New sUver dollars
Fine gold bars..
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 a.ssets of
the company December 31, 1879, were $1,520,025, and the surplus as to policy holders was $243,249 on the Ohio standard, or
$330,591 on the New York 4}i per cent standard.
—
—
—
—
—
—
—
Sorereiirns
.
.
'<
—
',
]
'
1
—
j
—
Boston Uankd. — The
following are the to.aU of the Boston
banks for a series of weeks past:
Loans.
1879.
Oct.
"
••
"
128,-J25,100
27.
i:io.4»l.:iOO
l;J2,05fi.lOO
Nov.
3.
••
10..
17..
S4..
"
'•
Dee.
(
8..
18..
20..
1..
126.H03.100
128.015.mi0
13:1.491.100
132.427,100
131.932.200
131.484.000
131,040.000
130.931.T0O
]30,(r)fl,100
.
Central Pacillc...Janu,ary.. 1,223,000 1,089,166
Ches. & Ohio.. ..January... 202,335
88,667
Chicago & Alton. 2(1 wk Feb. 128,473
87,961
Chlc.CI. Dub.A M.4tli wk Jan
17,533
8,439
Chic. A East. III. 2d wk Feb.
21,740
16,002
Thlc Mil. ASt. P.2dwkFeb. 175,000
...
^„j
108,713
Chic.&Northw. ..January... 1,135,000 1,008',321
One. St. P. & Miu.2d wk Feb.
16,839
15,056
.
Paris (francs)
Jfc twerp (francs)'
Swiss (francs)
Amsterdam (irn iklers)
t
j-Latest earnings reported
^Jan. 1 to latest date.Week or Mo. 1880.
1879.
IS 80.
1879.
Atchison fc Neb.. 2a wk Jan. $15,695
$8,065
$27,901
$13,506
Atch.Top. & 8.F..lstwk Feb 101,000
76,849
.574,500
391,581
Bur. C. Rap. <t N. 1st wk Feb
41 .097
23,903
225.413
141,265
Cairo & St. Louis.4(li wk Jan
7 192
5,095
22.821
17,263
20.
"
29.
132,221,900
Specie.
t
Deposits.' Circulation. AKg.Clear.
3,202,900
8,251.100
3,254.200
3,248.300
3,215.000
3.245,400
3,300,800
3.347.200
45.828.il00
27,8:16.200
47,210.000
48,063,400
48.907.100
49.152.400
51,108.100
61 ,724,400
50.769.100
50.085.200
BO.S02.500
50.137.300
49„S42.700
49,048.100
27.973.000
28,146.300
L. Tenders.
i
4.838.000
4.931.500
4,582,900
4.528.800
4,480.500
4.870,200
3.892.800
3.546,700
3.591.000
3.572..S00
3,082,600
3.474.900
4.:-)29,000
3,614,800
S.865..3()0
4,205.400
3,856.300
4 125.400
1880.
Jan.
"
5.,
"
12.,
19.
'•
26.
Feb.
•'
"
•
2.
».,
18.
133,827.200
131.991.800
137,132.900
130.105.000
139,816.800
141.215.800
142.181.000
4,693.400
5.418.900
5.302,900
.50.379.600
,50,860,800
8,8.57.100
5.4:15,700
3.970.300
4,374,800
4,576,500
52.li31.000
5:).742,2O0
4,,'^26,;)00
3.941,400
3.822.800
3.813.300
5,329.300
4,040.300
Otinr than GoTernment and banks,
51,882,200
51.016.200
53,728,400
28.37-2,700
28.557.300
29,041.000
29.311.100
29,554.300
29,865.300
30.289.000
80,607.100
30.867.500
31.096.300
t
57,139.771
55.617.7ie(
64,281,244
66.499.862
65.241,372
69,360,177
71.786,586
7fl.365.58a
66,107,6,')8
89.674.935
85,753,821
82.129.120
51.019.800
81.161.800
66.267,.'i39
31,2.S0.300
:( 1, 3:10.000
31 ,;i,83,900
7l.78S.762
74,242.072
31,210.200
31.0-0,500
31,072.300
B9,237,7«4
less Clearlng-Uouse ohcoks.
68.oi!H,Kae
70.'iS1.4«J
72,091,201
'
..
.
:
,
1
.
,
Fbbbdart
.
t.
.
Cltr Banlt«._TUe following statement shows the
condition of the ABsociated Banks of New York City for tlio
ending at the commencement of business on Feb. 14. 1880:
187
BOfTOf, PH«CAPBLPWI%., eie.^OonUna«d.
week
nciniiTiKB.
Bid.
Vew York A New
Banks.
Kngland...
M
Northern of New Hampshire
ISS
Norwich A Worcester
Ojcduash. A L. Champlaln ... 83
do
pref..
Old Colony
Portland Bsco A Portsmouth
Pallira P*U(Te Car
New York
Manhattan Co..
Merchants
Aik
145"
116
93
100
135
Manchester A. Lawrence
Nashua dc Lowell
ATerage amonnt of
mt
118
FuHon
TATK AMD
118
UU
SO
5»
But«her»'&l>niv
Mochimicii'
&
Tr.
Greenwich.
Leuthor Miin'frr*
Seventh Wiinl..
State of N. York
Mercantile
Pittsburg
Pacific
do
do
do
Republic
Chatham
,
People's
Hanover
IrrInK
Metropolitan
Camden
Cltlcens'
Corn Exchange..
East PennBylvauIa
4 WllliamBport
do
pref..
do
Har. P. Mt. Joy A Lancaster.
Huntingdon 4 Broad Top...
SilnehlU
Nesquehoulng Valley
Norrlstown
North Pennsylvania
N. York County..
Germ'n Amerlc'n
Chase National
The deviations from returns of previous weefe are as lollov
^oans and discounts
Inc
»63,000 Net deposits
Ino »2 723 900
Bpeole
Inc.
.
i
.
l.Tai.KOO
.
Legal tenders
Inc.
NOTK.-
Specie.
t
276,118,100
1,.
51,47:),!)00
5!i,.558,800
51,H,')2,200
276,B90,1)00
14.097,S00
15,914,200
Loans.
8.
15..
22.
£»..
8..
••
18..
20..
••
'•
187..
Not.
S..
10..
17..
••
••
"
24..
Deo. 1..
"
8..
• 15..
12.
1».
'•
"
26.
Feb.
2..
9...
18...
"
(ROTATIONS
from the list
totals ol the Philadelphia banki
18,5:W,21S
18,589,557
16,614,554
17,377,438
63,.358,250
04.7(I8,0»5
17,0.87.922
17.2:)5.389
64,442,648
54,709,355
65,942,232
6«,2;4,801
06,:«7,415
68,880.258
18,240,119
15,839,404
15,185,100
14,851,359
14,616.427
14.491.491
14.958.053
15,049.003
14,977,274
14,754,053
14,447,092
.54,812,858
11,853,0:^9
64,580,094
54,187,213
53.581.863
52,096,028
52 342,762
51,56.5.795
11,44*5.171
11. .'500,847
51,580,4a3
40,009,121
52,817,043
31,518,320
11,588.65<!
5,3,224,187
65,977.1.80
65.302,671
64,581,278
64,6,50,163
64,386,503
64.724 ,368
64,775.731
64,698,428
85,164,061
64,655.180
15,802,394
18,417,981
84,972.0.32
17,213.347
17,120,173
17,197,950
18,931 ,434
65,670,329
68,8S8,l,'t4
11,788,858
11,795,908
11,814,080
— -*
30,002,487
52,113,471
11,878,284
11,885,099
ll.a7S.6B8
11.871,878
11,890.4S0
11.982.0a5
11,992,523
52.197,3.58
11.9,85.800
61.582.397
61,203,835
60,8,85,477
12,011,733
12,021,288
50,800,:W7
42,399,082
52,898,503
54,360,797
54,306,766
54,563,582
12.072.700
.54,672,059
50,21S,10T
50„508,285
60,955.548
42,963 511
12,076.283
12,080,483
52.853,6ft3
12,082„'«1()
12.073.093
12.088,2.1:)
56,186,180
Bid, Ask,
43,14,8,041
64.618,18)
do cons. m.7s, rg.,191
Morris, boat loan, reg., 1885.
Pennsylvania 6s, corip., :910.
Schuylk. Nav.ist m.6s.rg.,'97
A TcpckalBt m.78
do
land grant 7a
do
2d78
do
land Inc. Ba..
_
„
Boston 4 Maine 7a
aostoDs Albany 7a ..
do
6§
""
Boaton & Loweina...
d"
ts
Boston 4 Providence 7».
OM <"oIony,88
Atch.
.
'
'.
A
Mo., land erant 78.
do
Nelir.SslKx,,..
.
do
Nebr.fts
Conn. 4 Paasnmpslc.
eKOtlBITIXS.
Omaha 4
llSJi Pueblo
I34H
109
i;i3
4
..
48,05:3,96(1
48,890,069
Bid.
.
Western, Ss'!!!'
Ark. Valley, 7«.,..
S.
Kutland es.iBt mort
Vermont & Canada, new
Vermont 4 Maaa. KR.,6«
99K
8a*
i22W
STOCKS.
Atchljon 4 Topeka ..
142
At.hl-o & N'eDra.5Ka...
78
Boston 4 Albany.
141
142
""
i&'mjj Boston ALowel'...
94
95
"'
".
Boston 4 Maine
114Mi ...
""' IV0-1<(121
107^)108
Boston 4 Providence.
188
102
102X Burlington 4 Mo. In Neb '
Cheshire preferred.
9CHi 9l)t( [Chic. Clinton Dub. 4 Mln
64K 89
112
1
.
...
7f, 1897
Kattern, Mass., 4i.a, now
FllchburgttK.,88.....
do
7«
Fort Scot! 4 Gulf ;s
.
Hartford 4 Krle 7a.
Itan. city Top. &
W,78',lit'
Clo. Sandusky
Concord
lOH
4
clev....
17
17«
.'.'.".*!"
Connecticut River
142
Conn. 4 Passumpslc
59
Eastern (Mass.)
28
Eastern (New Uampshtn)).!
K. ttty Uwrcnce 4 So. 4?.
87*^ 90
Fltchburg
il2IW 126
Kaa.clty.8t.Jo.4C, B,.B
103
10-X Fort Scott 4 Gull, preferred 82>4 83 1«
Kan. I rst. .10.4 :
In'
91
rommjn.l 62*« 53
Little U'k 4 Ft. Smith,
„ „ Jo
is.ut
llO"
K. C. Law. A 8cuthi>rii
Ijew V ork A New Kng. Is
84W
..
lliWll'^
K. C. St. .lo. 4 ''ouncll laHll 70K
OgdensBurg 4 Lake CO.si
^1 ^l mtlo
Hock4 Furt amlth....' 60*t
.
do pref.
do
United N.J. Companies
West Chester consol. pref..
WestJersey
CANAL STOCKS.
Chesapeake A Delaware
Delaware Division
Lehigh Navigation
Morns
do pref
Peansylvanla
..
Scbuylklll Navigation
pref..
do
do
.
57
54
iS7!4
102
102^4
BAILRUAD STOCKS.
ro
100
Ist pr. f ...
do
2d prtf
Wash. Branch. lUO
do
i'm
18
do
Parkersb'g Br. .SO
17?,
50
33H 33Js Northern Central.
Western Maryland
50
Central Ohio
50
.
Pittsburg
20),
57H
Connellevllle..iO
A
Ohio 6a, 1880, J.4J....
do
68, 1885,A.AO.
N. W. Va. 3d m.,guar.,'85,JAJ
Plttsb.4 Connellsv.'.B,'li8,J 4J
Northern Central 6s, '85, .t AJ
40
do
do
Cen. Ohio
6s, 1900,
6s, gld, 1900,
6s,
A.AO
J.4 J.
8.
3TH S7X W. Md. 68, 1st l8tm.,'90,M.4
m.,gr..'90,J.4J.
do 1st m., 1890, J. 4 J
do 2d m., guar., J.4 J
do 2d m., pref
do 2d m..gr, Oy W.C0.J4J
do 68. nd m., guar., J.4 J.
9
15% l«M
Mar.
U7H
Val.. 7 S-lOs, 1896
4
3AILB"AD BONDS.
Bait.
4
Clu.
78, '9j,
F.
4A
M.4N
do
2d,
do
8s,3d,J.4J
.
Union UR. iBt, guar., J, 4 J.
Canton endorsed
do
78.1i.ext.,19IO 105
Inc. 7s, end., VI
BelTldere Dela. at m.,6s,19«(. 108
CINCINNATI.
I
do
do
Far.
Balt.4 0hlo
58
RAILROAD BONDS.
t 105
Cincinnati 6b, long
2d m.es.'Si.. lUtf
3d m. 68, 'a. 101
IDA
107
108
do
7s
t
do
TSOs
t U7?<
Camden AAmboy 6a,coup,'83 10354
120
do
South. KR. 7'308.t 119
68, coup., '89 lOJiH
do
do
do 6s, gold.t 108 107
mort. 6s, '89
112
do
Hamilton Co., O., 68. long., .t lUS
Cam. 4 Atl.lst m 7«.g.. 1=93 120
103
7s, 1 10 5 yrs..f
00
Cam. A Burlington C). 68,*97.
7A7-308,long.-t 107
do
CatawlBBal8t,78, conv.,'a2,.
hpCln.A Cov. Bridge st'k, pref. 130
chat, m., 10b, '88 ..
do
luOX
D. Ist m. 78, '80 1 ,„.
new 78 1910
12
do
112H Cln.Ham.4
do
2dm. 78,'s5t'}R*
Connecting 68, 1900-1904
101
CIn. Ham. 4 Ind., 7s, guar,,.. |100
Chartlera Val„ 1st ni. ",i.C..190;
105X
Cln. A Indiana Istm.7s
t JS
Delaware mort., 68, various.
do
2d m.7B, 'r!..t|19"
Del. 4 Bound Br., Ist,78. 190i. 116
Colum. A Xenla, 1st m.7a, '9(ii7,'08
East Penn. Ist mort. 7s, '88
Dayton A Mich. 1st m. 7s. '8H
El.AWmsport, Ist m., 78, '80. ids
do
8dm.7B,'84.+
5s,perp
do
do
3d m. 7s, '88t
Harrlsburg Ist mor* 6s, '8:1
Dayton 4 West. Istm., '»i ...t
H.4 B. T. 1st m.78, gold, '90,1117
do
let m., 1905. t ^..^
2d m. 78, gold, '95. 104
do
Istm.fB, 1901 tlOO
do
3d m. cons. 78, '95*. 74
do
Ind. Cln. 4 Laf. 1st m.7s
IthacaA Athens 1st g d. ?s.,'90
(I.AC.)
Ist m.7s,'as+
6',
do
Junction 1st mort.
'82
Little Miami 6s, '83
t
do
2d mort. 6s, 19U0...
OIn. Ham. 4 Dayton stock.
Lehtgh Valley, l8t.6s,cp.. 1898 il7
Columbus A Xenla stock...
doreg.,199i...|118)<
do
Dayton A Michigan stock.,
do !l m. 7b, rcg., 1910. .1125
do
8. p.c. at'k.gu&r
do oon.m.,6s,rg.,l9.a)l'-l«
Little Miami atock
do
6B,>p.,19.3|llO,'a
do
Little Schuylkill, 1st m. 7s,',<2i ....
LOi;iSVII.I.E.
North. Penn. Ist ni.68, cp.,'85.il09
1C9K Loul8vllle7s
t
do
2d ra. 78, cp.. '96.1118
do
6a, '82 to '87
+
do gen. m.7s, cp., iiK)3.ill8 117«
68, '97 to '9*
do
t
do gen. m. 7s, reg., 190'^ 118
do
water6s,'87to
'89.t
10,1
Oil Creek 1st m. 78, coup. ,'8
1(H)
do
water stock 6s,'97.t
rlttsb. Tltusv. A B., 7s, cp.,'96
88
wharf 6b
do
t
l'a.«N.Y.L;.A l(K.78,i89(j .... 120
do
SDcc'l taxes of '89.t
Pennsylv., ist m., 6s, cp., *80.. ll>2
Loul.vUle Water 68, Co. 190? 1
do
gen. in. 68, cp.. 1910. 115
Jeff. M.Al.lst m. (14M) 7b,'8it
do
gen. m. 6s, g., 1910. in<4
do
3d m.,7s
1
do
cons. nl.6-,rg., 1905 II2ti
do
l8t m.,7s,1906.,..t I12M
do
cons. m. 6b, cp., 1905. iJ2H
LonlBv.G'.4 Lex. 1st m.7s,*97t II2S
do
Navy Yard 68, rg,'8I
LouIs.A Fr'k.,Loulsv.ln,<«,'8i
Penn. Co ,6s. reg
105
Louisv. 4 NaBhvllie—
Perklomen 1st ni.S8,coup.,'9i
108«
Leb. Br. 68, '86
t
Phlla.A Erie 1st m.68, cp.,'81 103
ist m. Leb. Br. Kx.,7B,'80-85.t
do
8d K1.78, cp.,'98
MS
10S«
68,
Lou. In.
do
I
'.'.'.'.
Phlla.
4 Bead. Ist m.68, '43-'44
do
do
'48-.4i',
do
2d m., 7s, cp., 9
do
deben., cp.,'28'
do
do
cps. oil.
do
scrip, ISil.
..
do
In. m. 7s, CP.18S6
do cons. m. is, cp.,l9i>..
do cons. m. 7b, rg.,i9:i.,
.
.
I
I
I
BALTimOKE.
6s, defenae, J.4 J..
6s, exempt, 1887
do
69, 1890, quarterly..
do
58. quarterly
Baltimore 68, tSSl, quart
50
do 6e, ;8S6, J.4 J
Jt>0
do 68, I89J, quarterly...
do 6s,park,l!i90,u.— M.
do 68, 1893, M. 48
SIV
do 6s, exempt, '^,M.4S
do 88, 1900, O -J
12
iia,
do 6s,190i, J.4 J
15^ 15%
do Sf, 19.6, new
91M 5'iX
Norfolk water, 88
52
Suaquehanna
Allegheny
do
do
sm
do
2d m. 6s, reg., IIO:
do >s, boal4car,rg.,l>:3
do 7s, boatACa^.rg.,l9.^
Susquehanna 68, coup., ;9.8.*
.
Old Colony, 7b
BOSTON.
PhlladelptitaA Erie
Fulladelphla A Head ng......
Philadelphia A Trenton
Phlla.Wllinlng. 4 Baltimore.
Pittsburg Tltusv. 4 Bull
ot. PaulA Du;uthP..U. Com
33.978,:i21
35,108,893
38,264,123
38,081,706
42,783.257
44,106,759
52,263,037
54,608,178
61,527,280
54,081.998
65.027,309
48,780,678
BQSTim. PHILAUBLP inA AND OTHER
CITIES.
IN
8XOUB1T1XB,
Burl.
t
23,812,900 857,095,280
21,035,900 7H7,728,11)H
21,««2.»00 743,121,031
21,52»,P00 772,125.1131
21,llH:i,200 720,97H.130
21„'i99,HflO
683,450,357
82,784.728
62,880.264
62,749,828
82,530,008
62,639,044
1880.
Jan.
*
248,995,000
253,731 ,9(X)
257,4KS,r00
Lawful Money. Deposits. Circulation. Agg. Clear.
18W.
Sept. 1...
Oct.
ss'eou
oo.ouu
280,068,600
17,14.3„500
2>i3, 184,500 50,312,800
18,.')««,000 25Si,B7,'>,900
200,3MI,B00 52,91*4,600 18,4,37 ,900 2«4,404,a)O
290,445,li00 64,748,500 1B,086,IX)« a87,12M,;00
Wltli December 27 the Grocers' Bank disappeared
are as follows
"
Ueo.
Tenders. Deposits. Circulation. AjfK.Clear
PUladelpbla Bank..— The
"
.
24S,100|
following are the totals for a Berlesof weeks past:
'"»"Loans.
'•
Circulation
6s, cp.,'j8.
6s, re(t.,'HI
»1?»
—
Pennsylvania
ToUI
.
pref.
Little Schuylkill
..
N. y. Nat. Exch..
.
do
do
Lehigh Valley
Bowery National
1879.
,
Klinlra
First Niitlonul..
Jan. 10..
Jan. 17..
Jan. 24..
Jan. 31..
Feb. 7.
Fob. 14
11««
3»M
new pref
Delaware & Bound Uroolc....
Kast niver
Fourth National.
Centra] Nat
Second Nutlon'l.
Ninth National..
Dela. Ist (s, rg.,'8e
Marvland
pref
pref
do
do
& Tr..
Park
Mech. Bk*r. Ass'n
North Hlver
U*H
do mort. BR., rg ,'9"
do m. conv. g., rfg..'i*l
do mort. gold,*W
coupon
do
do
Calawlssa
Marino
The
4
Omden 4 Atlantic
Continental
Oriental
4
Delaware Division
Lehlgb Navlga. m.,
48, coup,, 1913
5s, reg,
cp„ 191il.
«8, gold. reg
City Us,
106M
CANAL BONDS.
Chesap.
.
Nicholas
8hoe& Leather..
8t.
Third Natinmil
'9(5
78,w't'rln,rg, *c:i,
86
'81:
a
78, reg. 4 coup.
do
Delaware 68, coupon
Uarrlsbnrg City 68, co upon
BAILBOAD STOCKS.t
Nassau
Market
Importers'
Uoltod N.J. cons. m.«8.'94
lOB
84
Warren 4 F. Ist m. 7s, '94
West Chester cons. 7s, '91.
WestJersey tr. deb,, coup.,
do
Ist m. 6s, CD., '96
do
I8tm.7s,'99
Western Penn. UU. «s,cp.'.89i
do
(s P. B.,'96
do 7a, 1tr,lnni.,reg.,'8,3-8«,
N. JeraeyOs, rcK. and coup...
exempt, rg. A coup.
do
Camden County 68, coup
North America.
m
4
do 68,n.,rg.,1395*ovor
Allegheny County 5a, coup...
Allegheny City 7a, reg
Broadwas
M
BO
7«, reg., I»
1901
1st, Ss, ISM.
Is 1907...
W.,lat m.Ja.'Jl
4
CITY BONDS.
68,n.,rg., prior to
do
Ind.
••yra.(ie:n.4 Com'/,ur,;»,iii<i6
Texas
lac. Ist
,<s, (.,I90S
do
cons. m..<i,g.,igo}
"?„.'»'=•*'«'
.'• l»'i
„ .
Union
Tltusv. isi ra. 7s, 'iK.
rbU.dolphla,S8 rog
6s.ola,reg
do
American Exch.
Commerce.
4
Sunb. Haz.
98, car.,reg
»8, ncw.reg.,189i-19(K
•i,10-is. rog.,li7;-'ifl
«», is-'il, rcg., \mi--S-i
ea, In. Plane, reg.,lS7il
do
do
do
do
do
Gallatin Nutltin'l
do
4
Sunbury 4 Krie lstm.7s,TI..
Penna. 58, g'd, lnt.,reg. or cp.
Merch'nts' Ejcch.
I
Stoubenv.
Tradesmen's
Chemical
7s. conp. off, "Ki
„w.. '•''
Phll.*l:.Coal*lroii ieb.lMM
do
deb. 7a. cps.oB
., do mort., 7a, \gri-i.....
iPhlla. Wliui. 4 B.it. (a, -Bl ..
Pltta.Cln.4St. L. ;s, 000.. IWl-
8SH 8SK Stony Creek latm.
.,...,.
PHILADBLFHIA.
City
Ask.
MJl.
7s, 19M'
Shamokln V.4 Potuv. Ta,
Ark:>nsa8
Vermont & Maasactaasetts
Worcester & Nashua
,
PhoanU
tuovMmmt.
do conv.
do
I
A
Puetilu
Kutlai-(I, preferred.
Mechanics'
Union
America
«
.
THE CHRONICLE.
21, 1980.
New York
...
•
'
5
In defad'. t Per shnre.
Cou. to Jan.. *77 funted.
loa
Jefferson Mad.
4
'93...t
Ind. atock.
100
ST. LOUIS.
MX
Louis 6fi,loug
t
do
water66,gold
t
do
do
do new.t
bridge appr., g. 6s t
do
do
renewal, gold, 68.
sewer, g. 68, '9:.2-S.t
ao
St. Louis Co. new park,g.'6s.t
do
cur. 7B
...»..T
St.
.
t
And
Interesi.
loefi
—
.
....
—
—
—
.
..
..
.,..
.
.
.
—
)
..,
.
THE (^HUONJCLE.
188
[Vol..
NEW
QUOTATIONS OF STOCKS AND BONDS IN
page.
V. 8. Bond* and active Railroad Slocki are quoted on a previous
..,
XXX
YORK.
may
Prices represent the per cent mlue, wJuUever the par
be.
STATE BONDS.
AlftlMm»-<na» A, 9 to 5
aau A,8toS, aniiUI
Kentncky—Oa
. .
Louisiana— 7», conaolldated
QaMB,Oa
Claw 0,
7«,
ArkuuM—Sa, f nnded
7a, \j. Rock A Ft. Scott Im.
?, Mom p. * L. Ruck Kit
78 InflO
6s,duel88B
68, due 1887
69, due 1888
6s, duo 1880 or
»
&R.
'90
due
Asylum or
Univ.,
•undlnit, 1894-98
Cooneotlout^-te.
Oeontl»—««
Hannibal * St. Jo., 1888.
1887.,
do
do
New York—8s, gold, ren .,'87
now
I09«
endorsed
7s,Rold
Ullnoia—ta.ooupon, 1879...
War loan
112
100
100
69, gold, coup., 1887....
88, loan, 1883
1891
68. do
RAILROAD AND
quoted.)
Albany h Susquenanna
Boston & N. Y. Air L., pref
Burl. Cedar Uaplds & No..
Cedar Falls & Minnesota...
CIUc«<3 & Alton, pref
ChloTBt. Louis 4 N. O
Cler. & Pittsburg, guar
DuhuQue & Sioux City
Frankfort
Harlem
IW
i98
141!
iio;
do
do
44
A
pref.
106
108
:09
do
do
coup, off, J. & J.
do
coun. off, A.&O.
Funding act, ISfle
do
1888
New
iwU
105)1
W5M
108H
2dm
do
S34'
C. C. C.
&
A Ind's— 1st,
78, s.
f,
n. Y. Ontario & Western..
do
do
pref.
Ohio Central
Ohio & Mississippi jiref
Peoria Decatur ,v Evansv.
Pitts. Ft.
W.
do
Rensselaer
7'2|«,
27
Mii'4
S23;h
117
&. Chic. guar.
117M
do
spcc'l
5li9'
Saratoga
&
Rome Watertown &
Ogd..
iSl
Stonington
Terre Haute 4 Indianapolis
Toledo Peoria & Warsaw.
United N. J. KU. & Canal
155)4 158)4
Xiscellaneons St'bs
Adams Express
American Express
United States Kxpress
Wells, Fargo A Co
American
Western Pacific bonds..
South. Pac. of Cal.— lat m.
Union I'aciflc- lat mort.
.
no2«
lu"
12C
1st cona, gold 78, 1020
Long Dock bonds
Buff. N.Y.AE, 1st m., 1918
do
do
tl25
8s, '95,
lat in., 63, '90,
withcp.ctfa
do
1st ra.. 7a.Leav.br. do
lat m.7s,K.AL.G.D'd, do
lat m. ,7s, land gr't,'80.do
2d mort., 7a, '86
do
Inc. coup. No. 11 on 1918
Inc. coup. No. 16 on 1916
Den. Div. 83 asa. cp.ctf..
do
1-28)4
i.0»
108
IO3I4 101)4
111)4 :i2
121)4 122
4
lstm.,g'dL.
* ...
2d
117
110
and
Ill.Cent.-Dub.ASloux Cist
Dub. A Sioux C, 2d div...
Cedar F. A Minn., lat m..
Ind. Hl'niA W.— 1at,pref.73
1st mort., 7a, 1900
2d mort., llKJg
Ind's Decatur A Sp'd 1st 78
A Gt. North, lat 6s,gld.
Int.
Cleve.
lo:
W
do
7(i-j<
45)4
Sinking fund
10794
Jollet & Chicago, 1 St m
Louls'a & Mo., 1st m.. guar 108
do
2d 7b, 1900. 100
8t. L. Jack. A Chic, 1st m. 112)4
.
MlB8.Rlv.Brl(lge.:st,s.f,ea
Chic. Bur. A g.-.s P.O., 1st
108
new bonds.
114
63'
102
101
1st.
10254
101
109X
lis"
Pigeon.
115
4)4
no). 111
109
110
Kal'zoo
A W.
116
113
85
81
109^ 110
97,1,
.
2d mort./?s, gold
Cecilian Branch, 7s
Nashv.
A
Decatur,
Uxt. Bl .&
Mun.— l8l
1(16'
Ist, 7a
ErieA West.— Ist «9.
101'."
6s. 1919
108)i(
2d mortgage
Arkansas
Br., 1st
mort
.
9094
109
Belleville
115
97« 9S
97)4
A
lat m.
C.-lst 63.1919
So.
111.,
St. P.& Sioux
St. P. M. A Manit'a— lat, 7s.
1 mort., 8a, 1909
Tol. Peo.
A W.-lat m.,
7394 73)4
113)4
103)8 104)4
1063i ..
..CTios
101)41102
111)4
101,4
2d
do 2d m..7a,'93.ex cp
A
111. A So. la., 1st in.73.ex cp
Hannibal A Naples. 1st 7s
St.L. K.C A N.K. E.A R.,78
Omaha Div.. 1st mort., 78
Tol., lat. 78, 'OO.ex cp.
.
128
;
South Minn.— lat ra., 7s, '88.
l8t mortgage, 7a (pink)
Extenaion
Tol. Can. 8. A Det.— 1st. 73, g
Union A Logansport- 7a
U. Pac.— South Branch ....
97
85
wi
107
91
105
107
85
101
104K
110
95
108
110
100
KM
105
90
96
103
100
no
83
22
ws
24
91
97
108)4 110)tf
99
104
80
90
75
8(1
109
110
103
42
82
85
55
57
106
in
63
68
24 V< 'mi
82
84
27)4 29
s;)
9(1
60
95
65
.89
80
m
108
+90
110
96)4
95
98
105
10(1
104
9ft
7()
97
97
101
100
Southern Secnrities.
{Brokers^ Quotations.)
STATES.
N. Carolina.— New 4s
So.Caroliiia— Con-, 6a (good)
(Iiest aort)
M.A8.
1892
78, gold, 1K92-1910 .J.A J
J.A J
79, gold, 1904
108, penaion, 1894. .J.A J.
.
71
75
83
25
97
40
+ 103
111
105
112
H12
113
+09
40
101
41
Coupons.—
80
RAILROADS.
i84
9m
100
108
108
104 )i 105
Ala.AChat.— Kec'rs ctfa.var
Atlantic A Gulf— Consol,
Cent, (ieorgia— Cona. m., 7s
Stock
40
Charl'te Col. A A.— Cons., 7s
102
2d mortgage, 7a
107)4 108)4 Eaat Tenn. A Georgia—6a
104
105
E.Tenn. A Va.—69,end.Tenn
100
E. Tenn. Va. A Ga.— lat, 7b,
105
Stock
Georgia RK.— 78
109).;
69
,
Ill
Stock
Greenville
7a,
A Col.— 7s, 1st m.
guar
Macon A Aug.—2d, endors.
MeraphisA Cha'ston— l8t,7s
2d, 7s
.
.
62
85
75
teii
A Cin.- 1st mort. 108) 110
m lo»M \mi%\ Marietta
lat mort., sterling
Consol. mort., 78
120)4
Metropolit'n Blev— lBt,19()8 108J« idsk
S«, sinking fund
Mich. Cent.— Cons., 78, ltl02 119)4 120
hlc Rk I.S P.-89, cp.,1917 116)4
Clarindab..6s, 1919.
1st mort., 88, 1882, s. f.
109
St.Chas.B'dge.lst, 7s, 1908 1(16)4
08, I9I7, registered
109Ji
«16)4
Equipment bonda
Kook.A Des M., 1st, g., 6s. 97
North Missouri, lat m.. 78 115)4
8s,
1909
110)4 110)4 West. Un. Tel.-190O, coup.
Central of N. J.-lat ni., '90. ItOM 117
115
Mo.K.AT.— Cona.a8s.,190i^ 105)4 105)4
let consolidated
1900, registered
115
2d mortgage, inc., 1911.
Spring.V'yW. Works— 1st Os 102
assented!
__ "o..,.,
W'4
H.
,t
Cent.
Mo.,
1st.,
1890.
110
iia'
Oonvertlble
Oregon K. A Nav.— 1st, Os
94J4
Mobile
A Ohio— New m., Os. 100)4
,_do
INCO.UE nONDS.
assented
107941107M Nash. Chat. A St. L.— l8t 7a. 1!3
Adjustment, 1903
Central of N. J.— 1008 ....
88
105
Lehigh A W.B., con., g'd.. „-5- '"'« N. Y. Central—68, 1883
106
Chic.St.L.AN.O.—
2d
m. 1907 73
6s, 1,S87
108
do
Col.Chic.AInd.C.,inc.7a,1800
assent 'd
99«
6a, real estate
Am. Dock A Impr. bonds, 1?^
103)4"
Ind'sBl.ct W'n— Inc., 1919..
104
do
assented 110
iiW! 6s, subscription
ind's Dec. A Sp'd, 2d Inc.
N.Y.C.AHud.,]stm.,cp. 125)i 120
Chlc.Mll.&St.P.-lat,89"pi}
Int. A (U. Northern— •2d Inc
77H
do
iatm., reg. 1'25)J;126
2d mort., 73-10. P, D...
.„
Lch. A Wllkea B.Coal— 188S
112)4
Hilda. H.,78,2dm.,8.f.,'& 109
.... Lake Erie A W'n-Inc7s,'9»
Ulm.,78,»goid, k. D.
114
1I4X
(anada South., 1st, int. g
Ist m., IjaC. I)iv
(57"
Mun.-Inc.
Ijlf. Bl.A
7, 1899
ills
Harlem, Ist m., 7s, coup.
8tm.,i.& M
MobileA O.-lst pref. deben
;;
75)4
112K 113
Istm.j 7b, reg.... 1'25!4il27
iBtm.,I. A D
„ do
2d pref. debentures
H09 113
N. Y. Elevated-iat, 78, 1908 112)1 Hajf
lstm.,H.AI>
do
3d
Ohio A Ml88.—Consol. s. f'd 112 1112)4
ist m., C. A M
4th
do
Con.solidated
Con. sinking fu'iid.'.V.V!!.
112
70
112)b N.Y.LakeE.AW.Inc.6s. 1977
luo |109)4
2d consolidated
Ohio Central— Inc., 19'20....
50)4
1st m., SlirlnrrHplrJ Hi,,
PeoriT Doc .% V,'ii'o — Ineo,
55
Prices nomlual.
t Aul accrued Interest.
, No p,ic„ t.-day thesa
are latest quotations made thi^ week.
S
w"
12
Tenneaaacc State coupons.
South Carolina conaol
Virginia coupona
do
conaol. coupons..,
128H
116
81
14
6H
,59
37)4
Virginia—New 10-40s
I,.
1883
Consol. conv., 7a
Gt. Western, 1st m., ex cp
:
A Weaternatock
Pagt-dtte
Equipment bonds, 7a,
Q.
Kansas A Nebraska— 1st m
2d mort
Long Island- lat mortgage.
N. Y.AGrecnw. L.— lat, 78, n.
do
2d
Texaa—Os,
103)4 510
95
95)4
1910
1st o.vt.7s
div.7s,e.x mat.cp.
mortgage ext.. ex coup
1st St.
Indianap.A
International (Tey.)— Ist, 7s
Int.H. A Gt. No.-Conv.. 8s.
Rejected
108
103
K.D.
T.AWab.,
A St.I,.— lat, 79
Vine— 1at,7a, gr
St.L.A S.E.-Cons. 79, g.,'94
St.L.VandaliaA T.H.— Istm
2d mortgage, guar
South Side (L. 1.)— lat mort
mortgage. W. D.
Burlington Div
ad mortgage. 1888...
Pur. Com. rec'pts, l9t,E.D
do
1st, W. D.
do
Bur. Div.
l8t pref. inc. for 2d mort.
1st inc. for consol
Wabash KK.-.Mtg.78 of '79.
83K
Hous.A Gt.N.-lst,78,g.1900 102
St. Jo.
«8i'
t81
tSl
t81
l9t
7s,
Gr'nd R.AInd.— lat.7a,l.g.gu
Ist, 7s, Id. gr., not guar..
Gr'nd R.A I.— lat. ex l.gr.,7
2d mortgage
income
do
"i^
N. J. Midland— 1st, 7s, gold
2d mort
New Jersey So.— lat, 7a. new
St. Joseph A Paciflc— Istm
91
96'
89, '09
6s, 190i3.
79. 1908.
Inc. mort.. coup., 7s. 1896.
Deb. mort., coup., 8s, 1893
Dob. mort., conv., 7s, 1893
Rome Wat. & Og.— Con. 1st
St. L. A Iron Mount'n— 1st m
m.,
(7on. mortgage, 7s
78, cquijiment
Indianapolis
do
do
Ccmaol.
Det.Mon.A T., lat, 7s.'190e 114
Lake Shore Div. bonds... t118)4
do
cons, coup., 1st 122
do
cona. reg., lat.. 122
do
cons. coup.. 2d. 116)4 :i8
do
cona. reg.. 2d
118
Louiav.A Nash.—Con8.m.,7
122
L.
8s, 1911
78, 1911
Registered 7s, 191 1
m
U9
W'4
116
Ind., s. f., 7a.
sink. fund..
A Tol.,
Registered
Coupon
Cairo & Fulton, 1st mort
107
Cairo Ark. A T., lat mort.
109
St. L. Alton A T. H.— Ist
103)4 104"
2d mortgage, pref
Cleve. P'vllleA Ash.. 7a
Buffalo A Eric, new bds..
Buffalo A State Line, 7s.
'.,nv.
%t>l
m
160"
Ind'y, 7s
4th mort...
1st con.
C,
AM. S., 7a.
A Pittsburg- Ist
Consolidated Sa
Stock
Galv. Hous.A H.-7s, gld,'71
135"
General, coup.,
Waco AN., 89
Inc.
I.
Erie
119M Rvansv. A Crawfordav. -7a
Flint A Pere M.—8s, I'd gr't
icio'
do
2d con...
do 1st Tr't Co.etla.aaa,
do
do
auppl.
do 3d
do
aas.
Phll.A Read.— Cons. coup.Os
S.
Denver Pac— lst,7s,Id. gr.^
102)4 103)4
Improvem't, coup.,
la'l
A
J^
22
A
100
106
114
m
Conaol. Os. 1905
Col. Chic.
122
Atch.AP.P'k—8s,gld, cxcp,
Tvandgrant Income, 83
Chic. it Southwest.- 7s. guar
Cin. Lafayette A Ch.— lat
Cin.A Spr.— Ist, C.C.G.AI.,7s
do
1st consol. 8s
97)4
Texaa A Pac— lat, 83, 1905.. 106
'
10494
—
—
A
526-K
Bur. Ccd.R.i North.-]st,5s
Mlnn.,t St. I... 1st. 78, guar
Iowa City & West'n,lst7s
.
.
1st, con., r, cp.,7s *llli>t 121)4
*..
2d,con.,f.cp.,5a,0s
Han.
St. Jos. 8s, conv... lll)i
Houa. A Tex. C. 1st, m. l.,7s 109J4
108
ist mort.. West. Div., 7s..
1st mort., Waco
N., 7s« liiH 109
113
2dC., Main line, 8s
114)<
S»}4
109
Income
.
do l8t6a,Peirce,CAO
South Pac. cf Mo.— 1st m
Kansas Pac—
94
"m
Bost. A N. Y. Air-I.,— 1st m.
Cent, of Xa.— Ist m., 7a, gold
iii?4 112
2d
113
113X
Stock
119
119)4
Chic.ACan.8o.— lstm..g..7s
118
Chic.
B. Ill.-S.F.C'y,f007.
102)4
Income bonds
10594
Chic. St.P.A M'polls— lat.Os
108
Income, 78
Ist m., Carondelet Br.
St.L. A S.F.,'2d fls.class A,
.1-69, class C
do
do
3-8a. ciaas B
Istm.,
N.Y.L.B.,tW.,n.2d,con..«.s
S37
Lake Shore
Mich S. A N.
mort.
.
. .
Stock E3xh(tnge Pricen.
Bait. & O.-lst t)3,Prk.b.l919
Best. H. i Eric-lat
Ist mort.. guar
& Alton— Ist
110
l.7)«
96)^
RAILROADS.
108
.
22)4
Railroad Bonds.
»8, gold, series B, Int. def.
e», currency, int. deferred
116
Keg.
.
.
Chicago
114
127
M
(BrokerH^ Quotations.)
.
S....|108)4
Reus. A Saratoga, lat.coup
do
Ist, reg.
Denv. A K. Grande— lst,1900
5S>5
Erie— 1st mort., extended,
!3?4
mortg., ext'n 5s. 1919,
H% lO^ 2d
3d mortgage, 7s, 1888...
37)
4U
4th mortgage, 7s, 1880
83?4
5th mortgage, 7s. 1888
St.L.I.M.AS.- 1st 78,prf.int.
2d Int., 6ti. accum'lative .
A
m
KR. of Mo.— Ist
2d mortgage
Paciflc
us
S3
«i
25
25
25
75
Mi.scellaiieons List.
I
Ontario Silver Mining.
Orcgr)n liailway & Nav. Co. sua
Pennsylvania Coal....
190
Pullman Palace Car.
51'.i0-K
Quicksilver
20H
do
pref
83
Spring Mountain Coal
itandara Cons. Gold Mining
my fund
93)4
.
Bxcelsior Mining
Gold & Stock Telegraph...
Chesap.ik O.-Pur.
93
92)4
118 117
Income and land gr't, reg. 75)4 76
do
reg., 73. 1917 tll8
Pennaylvania HH—
Albany A Susqueh., 1st m. 115)4117
PitU.Ft.W.A Chic, 1st m. 1127
109
...
2d mort
do
do
do
2d m.. 1 '23)4
do
3d mort..
do
do
3d m.. 331
do
1st con., guar liiji 113)4
Cleve.A Pitts., consol., a.f 119
Deodwood Mining
Horoestake Mining
La Plutta Mining
Lcadville Mining
Uttio Pittsburg Mining ...
Marlpo.sji L'd & Mining Co..
do
do pref.
Maryland Ckjal
Montau k Gas Coal
grants, 78
Sinking fund
Registered. 83
Collateral Trust, 8s
lll)s'll2
siik
!17«
(;anton Co.. llaltimore
Caribou Consol. Mining..
Central Arixuna Mining...
Central .V. J. I^nd imp
Climax .Mining
Consolidation Coal of Md.
Cumberland Coal & Iron..
lat m., «a, 1920.
A K'ville, 1st 6s
Railromla—
Central Pacific— Gold bds. '.1294
108 )d
San Joaquin Branch
Cal. A Oregon, 1st
105)4
State Aid bonda
t104)4
Land grant bonds
105
Coup., 7a, '94
7s, '94.
lOH
Ist Pa.div.,coup.j 7a, 1917
108
56L 585i
107]
102^
Coal..
extended
do
do
do
aeries
STOCKS AND BONDS.
Peoria Dec.
112
lif
J 100
construct'n lUO
78 of 1871. 113
l8t con.,g'd.. 10.8)4109
....iI05
Del. A IIud.Canal-1 st m.,'84
107)ij ..
1st mortgage, 1891
47-X
Boston l4intl C^>mpany
Boston Water Power
—
10
Pacific
2d mort..
bonda, 1900
do
do
do
do
do
(' "
10!)
Ohio Cent.,
119
Bimh.AN.Y., lst,7i
Sr.
orris A Essex, lat m
new
new
Virgina—Os, old
(Is, now, 1868
8s, new, 1887
6s, consol. bonds
68, ex matured coupon
68, consol., 2d series
094
6b, deferred..*
D. of Colnmbla-a-65s, 1924.
Small
Registered
90
102
6s,l»i6
Ask.
Bid.
South Carolina—
68, Act Mar. 23, 1889.
Non-fundablc
Tennessco—Os, old
68,
6s,
4
5
Ohlo-89.1881
104)6
convertible
Mortgage 7a, 1907
7s,
29)i
110
110
90
16)4
18)4
RH
Chatham
116
28
28
Special tax, class 1
do
clas9 3
do
class 3
108
108
108
118
tl09
Chicago.. iioo'
108)4
(7onsol. mortgage
118
116
Metropolitan Klevated
C. St.L. A N. O.- Ten. Hen 78
124
N.Y. Elevated
123)s
:08>t 112
Ist con. 7a
N. y. New Haven & Hartf 168)4 157
104).;
Del. Lack. A West.-2d m.
J>onl8v. N. Alb.
J. & J
A.&O
bonds,
do
Land
Miillaiid, 1st m., 8s..
(ialenii .^ Chicago, exten.
Peninsula, 1st m., conv...
Cliic. &Mil.,lst
Winona St. P., 1st m. ..
AJ
A.&O
No. Car. UR., J.
..
Iowa
102)4
(41)4
A.&O
8s, old,
Securities.
Rhode Island—6s,ooup.'9.S-9
.
.
47M North Carolina— 68, old.J*J
IHISCELI<ANE:0US
Extension bonds
1st mortgage
Coupon gold bonds
Kegisterod gold bonds.
Sinking fund
<25M
120
Bid.
loan, 1892
112
bonds
Int.
Keokuk 4 Ues Moines
Long Island
88, loan, 1883
Conaol. bonds
& Kokomo
Ind. Bloom. A Western
Intern'l A (it. Northern
New York -6a,
48
44
103
Chic. M.ASt.P.-Contlmied
1st m., 78, I. & V>. Ext
S.-weat div., Ist 6s, 1909.
1st 59, 1,aC. A Dav., 1910.
Chic. A Northw.— Sink, f d..
Bailroad Stocks.
{AeMt previowttu
'92
SKC0BITIBS.
100
Missouri^, diie'lissa'or '83
N. O. KR.
7», L. II 1». B.
I'
7a, Mlu. O.
RH...
7a, Arkanaaa Central RR.
7a,
78,
small
Michigan—89, 1883
8 to 6
Ask
Bid.
8ECUIIITIE8.
BBCDHITIKS.
90
75
44X
Mississippi Cent —lat ra., 7s
2d mort., 8s
Misa. A Tenn.— lat m., 8a, A
lat
mortgage,
8s,
B
N. O. A Jacks.— 1st ra., 8s.
CertiOcatc. 2d mort.. 8a...
.
62
70
Norfolk Is. Petersb.- 1st. 8s.
Ist mortgage, 79
77)4
2d mortgage, 83
75
.Northeast.,S. C.-lst m. ,8s.
88
2d mortgage, 8s
70
Klch.i'fe Dan. — lat conaol., Oa
70
Southw. Ga.—Conv., 7s, '80.
49
Stock
40
8. Carolina KR.— lat m., la.
39
7s, 1902, non-enjoined
Non-mortg. bonda
As"\ West Ala.— 1st mort., 89
.571^
2d
mort... 8a.
iriia'*
No quotaUon td-day;
59
105
111
100
104
95
07
100
110
58
116
102
100
95
70
98
100
93
103
104
117
95
112
113
100
110
lis
lOG
106
i6i"
103
118
65
iia
106
105
so"
105
02
95
lOS
107
120
100
113
113
115
108
115
115
102
100
107
95
103
60
30
112
1'2
latest eale this
102
no
\m"
63
33
114
114
week
I
.
.
.
Fbbkoary
,
THE CHRONICLE.
31, 1880.]
NEW YORK LOCAL
Bank
189
SECURITIES,
Stock LUt.
Inaarance Stock LUt.
I'lVIDBNDS.
Surplus
[Qaoutlons by K.
P«IO«.
8.
at latest.
Mark'dchna
(•)
Amount
&0C Nai'!.
ftre
America*
100 1,000,000
100 5,000,000
Am.Bxchunge
Bowory ...
100
250,(KIIJ
Broadway.
dates,
i
Period
,412,100
l,28»,'''JO
J.*.l.
IWV
Central
Chaso
100
300,(]flo
(1",.100
a.->
4.'j(i,00(i
I40.4i)0
Chatham
Chemical
'70.
Inn., '80.
Jan., '80.
'Jan., '80.
Jan.. •HO.
10
10
I.4J,
8
.;.«,!
ESOHOiJ J.& J
7
3
8
I.A.I.
800,000 8,201 ,00(J Bl-m'ly 100
Citizens'
118.400 .1.4 J.
25 (100,000
8
100 1,000,000 1.441. 800 .M.&N. 10
Commerce'!!.! 100 .^.OOO.flflo 2 »2U.00() l.ft .1.
8
CoBtlaenial... 100 1,000,000
14(1,800 I.& J.
Corn Exch'ge' 100 l,0OO,(KKI 8:10,100 F.4A. 'I'o'
.lastUlvev ..
Oil, 0(1 I. A.)
a.i
250,(KJ<i
nth Ward'.... 25 100,000
14,00(1 l.ft.l
Fifth
3il,()00 ;. 4
150,000
100
J
FlUh Avenue*. 100 100,000 201.0(1
FIrat
100
500,000 ..7ii7.;oo ii-J.
Fourth
100 ;),kf(K).(X)o 1.005,JO0 1.4 J.
Falton
30 000,000 870.«0|I M.ftN
eollatln....
50 ,000,000 710 OlHi A.4
German Am.* ^:• 750,000
57 100 P'.4A
Uerman Kxeh.* KX) 200,000
oo,io;i
May.
Germanta*
57.^30
100 200,000
Greenwich* . 25 200,000
l.^J»:i ,Vf!4!J
Grocora'
28,110(1 1.4 J.
ao
225,000
Hanover
212,0.(1 1.4 J.
100
„„ 1.000,000
Imp.ATraaorB' ITO l,5(jo.n(](i 1,1 80,800 1,4 J,
Irvlni
138.0)0 1.4 J.
900,000
lalandcity ...
4,400 J. 4 J.
100,000
Leather Manuf.
800,000 4-.'l.400j:4.|
100
lOO
'80.
100,000
400,000
600,000
Mechanics'
2,000,000
Mech. Assoc'n.
500,000
Mech'Ics A Tr
200,000
Mercantile
,000,000
Merchants'. ,.
2,000,000
Merchants' Kx
1,000,000
Metropolis".
._300,000
1
7
Nov,
Oct,
Metropclltan
Murray
.
100'3,000,(l00
ilill*.
100,000
100
100 1,000,000
NewYcrii. .... 100 2,000,000
S.
County.,
200,000
N; J.
Y. N. £xcli
300,000
Ninth
760,000
No. America'.
700,000
North KIvc.-^'.
240,000
Oriental* .
300,000
PaclBo'...
422,700
Pars
2,000,000
People's*....!
412,500
Phenlx.....
20 1,000,000
Produce*.
50
Kepabllc .."" 100 125,01,0
1,500,000
ft. Nicholas. .Vlioo
Seventh iVard. too 600,000
300,000
Second
ffi
300,000
Shoe Leather
600,000
blxvh ..
200,000
State of N.tV;
HOO.OOO
Third
Nassuit*
.
union
West side'.
a
8
Jan.,
10
8
7
3
Jan.;
Jan.!
10
Ian.
l,CO<i,000
1,000.(100
1.200,000
8(1.1,2.10
200,000
l!7,StO
""^
?f dSl K^eriV ?orte"
8
7
3
4
'""='
4
2k
117
'SO. -6%
Jan., '79. 3
uly, •74. 3),
Feb., '«0. 4
"s"
Merchants*
Montauk (Bknl
Nassau (Cklyn)
National
N.y. Equitable
New Fork Fire
N. y. 4 Boston
.
New York
100
J,>
•1.4 J,
.1.4 J.
.1.4.J.
'8'J.
'8';'.
Nov,
8
'79.
Kellef
^' «'»•'<"•
Par.
OltUens'OaaCo (Bklvn)
"""*»••
aarletr'"
Jersey City ik'Hobo'ken!!'
Manhattan..
Metropolitan
'..'!!!!!!!
.,.''?.
certiOcatea.!
Wew fork
do
bonds !!!!
''°„ certlUcates.
.
„.
of
t-«„?.°„,
Central
»,
New
Vork
Williamsburg
do
sci^ip!!!!!!'"!
Metropolitan. BrcSoklyn!
Munlrlpal .. ..
....!!!
bon
Is
Var.
Nov. '7
Var.
July, '7
315,000 A.&u
18-,(S
60 1,850 000 '.4A.
Feb. '7
80
750,000 1.4 J.
Jan., '8i
SO 4,000,000 1.4 J.
,
Ju-e, '7
100 2,60(),000
Feb '8(
Vr. i,ood;ooo !vl.4 8.
Feb. 'SO
100 5,000,000 Qnar.
Ju y, '79
1,000 1,000,000 F.4 A.
1882
26 1 ,000,000 Var
Feb., f'O
Vn
700,000 M.4N.
Nov, '70
100 4,000,000 .\f.4.N.
May,
10 1,000,000 I. « J.
lai'.,
1,000
800,000 M.4N.
1S«7
Var.
300,(X)0 J. 4 J.
la'.,
90
488,000 F.& A.
AU<.,
50 1,000,000 Quar.
./.»'..
Var. 1 ,000,(X)(J 1.4 J.
Jaa
100 1,000,000 M.4N.
2>t Jan.
100 1,5(K).000
5 l.,Un.
760 000 M. AN. 8
l.COO
.
People's (Brooklyn)!!!!
..'".','!!'.
Westchester..
Bid.
»
<5
140
900,000 J.
894,000 J.
"orlKsircbon'
thristonher ,t TeiM i-(._stock
BciidHf
Dry Hack, E. B. <t li^iterv-nk
mortgage, cons'd.....
'•J
jBwAiA
/tp«n«e— stock
Isl mortgage ...
*
'""' "" •*""''i'-«toc'k
f.'JVor""
Centrni r\nHs 'iown-'iiwi
Isl
"'
morlgige
W.:i,t M.,tPav.F'y~iui
"
Uomtm,
l«tm rtgige
,><COH(l ,-lV,«Krt— Block,
..
lid
'
niort.'age
ons. ConvortUle
r'.xtc'is'on
Sixt't Avenue1st mortg ,ge
stock
',.'.
....!"
Third Ace t«e— stock.'...*!*!!
Tarnty
wrn /iireU^lnni'"
^l^t tnortga^e
"""
'-ol
N 4ri,,w„
)„,.i
1,000
100
l,t,00
100
5004 c
100
1,000
100
1,000
100
1,000
100
500
100
4
J.
J.
i,',;oo,ooo
0"jO,oiio
2.'iO,000
.1
•
4
4J
121
100
82
101
C5
98
65
lOJ
'J3
:100
I
30
05
85
0)
KM
60
80
165
105
10.5
110
15
20
iJ'ly.lWOOi H4
(Jan
'FO
;9
July, ',S4 lOJJi lOil
SO 150
»>iS Feb.,
IS.-!
7
Nov. '80 102 no
3 Jan
'80 140
l.'-iO
3
Jan , '80 1)5 100
7
1888
'100
102
2«.Jan, 'rlOi 83
93
'80
3
Jan
85
70
"
7
De--. 1902 105
io;«
S<,-ran., -fO
•1.4
1).
F.& A
/.4 J.
y-F.
I,200.(K)0
IXXl.OOO J
2O.'t,0(Kl
4n
Q-J.
1,000.000
J
.
&
.1
.
60
85
(10
Feb., '80 108
iunf,'93 1()M
110
,
Jan
,
'80 180
't".. '8» 100
748,000 U.4N.
238,000 A. 40.
eoo.ooo
Feb., '80
M.4N.
Xov.l'JOl
200,0(X)
250,0001
600,0001
f.
..J
1,19«,.500 J.
4J
1.000
loO.O'JO A. 40,
1.000 1,050,000 M.4N.
;oo4c.
200,000 A. 4 11.
100
750,000 M.4N.
1,000
416,000 J.& J.
100 8,000,000 Q-F.
1,000 ^,000.000 1.4 J.
100
800,000 F. 4A.
1,000
M ,» N .1
• «.
lii'o'
4
100
200
108
IfO
110
'80.10
'80.
a
'^0.10
185
10»
70
as
120
,
liabilities,
90
7S
'8010
'80
80
3
'80.623 129
103
JCii
VO. 6
'80.
'80
'80.
'80.
3X
5
8
9
5
70
80
113
118
109
!00
123
lib'
Incradisg rc-lnsarance, capital and scrip.
t Surplus
IQnotatlons by
DAmgL A. Mohas, -Broker, 27 Pine
Street.)
INTBRKST.
Pbioc.
Bonis
Kate.
//lW roric:
Water stock
Croton
do
Croton
do
lo
.mi-«3.
waterstock. .1845-51.
do
.135-i-60.
Aquert'ct stock. 1865.
pipes and mains...
reservoir bonds
Central Paik bonds. .1853-57.
U3
do
1853-«ri.
Dock bonds
...1870.
Market stock
Impi jvementstock.
do
(.0
lBe>-68.
... 1869
...1819.
Consolidated bonds. ....var.
Street Imp. stock... ....var.
do
do
New
....var.
8
5
8
8
7
.Mouths Payable.
Feb.,
due.
Ask.
Bid.
May Aag.4 Nov.
100
1880
101
1890
104
108
1883-1S90 104
107
1884-191! 108
118
May 4 November.
1^-1900 110 124
Feb., May, Aug.4 Nov. 19*7-1911 1C9
8
llli
do
9
IMW
108
109
(fo
do
8
do
1895
108
:o»
May & November,
120
I'ia
7
1001
6
1898
107
May 4 NovoTiher. 1884-1807 117 lift
7
8
do
1SS9
107
do
1879-1890 103
110
do
7
do
IIS
1901
IIH
8 g.
do
do
n'
1888
do
do
im\i 106
105
do
do
187W-1882 103
7
115
January 4 July.
113
Sg.
1896
ll»
do
118
do
7
18(M
105 IIOB
^
1(I2«
Qua-t-rly.
Miiy IX Novem'ier.
10»
i
1884
103
do
do
do
do
do
do
K»
'
[QQCfRUoiia by N. T. Bebrs, Jr., Broker,
1
New
St.]
,
'80
|« Feb
1S90
4
lis
tt
'"O.
1(10
i
7
-
lis
80
'80.10
Aasei meat
300.(XI0 J. ft.;.
J.
6
8
,
Q-F.
.500,0(K1 J.
•80.
'79.
'80.
'79.
,
M.4N.
,800,(KKl
100
IHO
Jan
300,(HK)
1
9
5
Jan
2,tK(0,0(JO
200,000 Q-J.
400,000 A. 4 0,
7
10
ConsollrlHrpd.
Westrhestflr County
Conscltiatel
1,600,(100
.
Oon«oll,|nt<-'1
4
80,
•SO.
50
Q-J. a
J.4D. 7
2,100,000!
75
1120
5
lOS
les
152
155
117
[Quotations hy H. l. Grant.
Broker. 145 Bro.dwav.1
Beepker 8Ut F'itionttrri/-i\M.
100
Ist mortgage
1,000
K'O
lit mortgage
1,000
Brjoii'.j/n Ciiy— stock
10
Ist mortgage
1,000
B-oafmi:j ( flr-j<..*Ji/ni-Bto'ck.'
100
arooklun <t Uunier's .Pt— stock
100
Ist mortgage bonds. ..
B-tuhwlrk Av. («'»7y/i)— stock" 1,000
100
fMral n., .v.,t i'. larer-MK
100
180
City Securities.
20
80
103
50
!00
O.l
all
7
8
5
.1
Inclu- ea scrip.
117
05
30
S5
97
28
90
75
50
85
Over
1150
•80.
.'
rTnlted states..
•
Date.
Period.
,
Mdtuai.N. y
;'\
do
bond's.".".'.'!
Tassau, Brooklyn ..
do
scrip.!!
do
Amount.
"25
2,000,000
20 1,200,000
185
104
8
•8
25
25
25
;oo
Stuyvesant
WilUaraab'gC
1
8
8
'80.
Ian.,
Jan.,
Feb.,
Ian.,
Jan.,
Ja-.,
Tradesmen's....
Oanaiid Ctty Kallroad Stock* cud Bond*.
Br(>oklyn Gas Light Co...
Feb
Standard
[Gas yiiotatlo ns by George H. Prentiss.
Broker, ai Broad Street.
Gas UOMPANlBS.
J-tn.,
Star
Sterling
''^""^^SiiSffb;^;^;!!^^;!
4
..
lOS
70
Jan., -SO. 5
Jan., 10. 3X
Repabllc...
Kucgers'
8t. Nicholas.
4
us
104
85
126
78
8
;»"., '80. 6
J"".. '80. 5
Phenli
Jan., •80. 8
s't°ste''bJnk"sf
,
Peter Cooper...
People's
'80. 4
Jan., 'SO. 3)4
10
city
Paclllc
I'ark
3
3
6
190
117
118
9
9
'80
Niagara
North P.lver....
Jan. '80 3
Nov, •79. 3>,
Jan. '80. 3>4
7>«
J.
J,
.\I.4N.
1.4 J.
•Mercantile..
Jan., 80. 3
J.'i'j.
80.
Manhattan
'80. 2>t
'77. 3
'80. Sj,
'SO.
Mech'lcs'(Bkn)
Longlsl.'Ukn t
.Manur.4 UuUd.
4
Jan.,
Jan., '80. 4
Feb.. 80. 3}i
'an. 80.
Feb.,'!80.
Mech.4'rrad'rs'
'80.
'80.
'80.
•fO.
•80.
•80.
•80.
Lenox
LorlTlard
Nov. '79.2)4 86>4
'80.
Jan.,
4, 1.
Kings Co.(B<n)
Knickerbocker
'89.-
July,
Jan.,
t
Laniyette(Bkn)
Lamar.. .|
90
180
ids
79. 3>» 88
VO. 8
103
'80. 8
80
•80. S
135
•79 5
170
'KO.IO
88
'80. 8
120
•80. 8
T..
Jefferson
Jan,, '90. 3U
J.n., '(<0. 6
•Ian.,
53,400
88 300
204.000
40.700
230,300
KW.oO'j
287 700
•J.
Importers'4
Irving
Jan., 'fO Sli
Jan., '80. 3
"a
M.4.N.
Hope
2^
'V
8
8
8
6
Hoffman
Howard..'......
80. 3>i
Jan,,
J.
J.
Hanover
4
,laa., '80. 4
Jan., '80. 4
Nov, '79. 2
July, •79. 2)i
May, '79. 3
9
12
5
10
10
Guardian
Ramilton
Home
Jm.,
|«
4.J.
4
3
3
8
4
>)an., '78.
,lan., '80.
Feb., 80. 3>i
July, 79. 2«
85,800 r.4.i.
78,900 F.4A.
«l,8oo J. 4.J.
123.800 1.4 J.
70,tlr0 J. 4.J.
178,000 1.4 J,
211,600 Q-F.
3:J2.500 J.
120,000 J.
168,500 J.
63,(100
7
4
2k
8
4
'80.
'80.
...
Greenwich....
8H
J.
717.5<J0 J.
3
79.
Ian., '77.
J.
m!&n!
4()0
79.
•79.
Ittn.,
4
Germanla.
Globe
5
May,
>,'cv.,
Jan., '80.
7
German-Amer.
Feb., 80. 2Ji
14
151.«00jU.4N
45
f'ranklln4Ktiir.
"i
'"8
77,20
—
Farragut
Firemen's
iTjmen's Tr..
I
3
3
P.&A
1.4
bxcdwiRe
4
Nov.,
017 U'M F.'4A!
123,000
&
Tradesmen's'
¥
KmplreC'lty...
8
•79.
'79.
»1
1H8
IKS
170
July. '77. 5
.•X)
Jan., '00. rf
ISO
Jan. , 'no.g-Hs 178
Oct., "79. S
175
Jan., -no. sw 98
•eb., •80. 8
100
Jan., HO. 7WI120
Jan., '80. 321 83
Jan.. -HO. 8
105
Jan., 'SO. 8
Jan. , '80. 5
188
Jan.. "SO 7
130
Jan.. '80. 5
110
•80. 71, 260
'80. 3H 88
•80. 7X 128
168
'80. 8
88
•SO. 8
127
80. S
..
Kaglo
d;
IW
e
80. 8
'79.10
•Jan.. '80. 6
Continental.,
8
80
Jan.,
106
S
3
Fan., '80
6
151.100 J. 4 J,
00 700 .1.4 J,
8;2,«oo J.& J.
City
Clinton
VH
BM. Aak.
Feb., 80. 8
Jan., •fO.lO
.
'.80.10
.
„la-.
Seb., 'HO. 5
....
Columbia
Commercial
5
'80.
'78.
'80.
Jan.,
liiO
10,600. 1. &. I,
1 10,000 T.4.I,
2H 1,40(1 .1.4 J,
B8H,700 .1.4 J.
89.500
8.100
B-3,.80O
Cltlzenfl*.
3
Jin., •80.
.Inly
.lao., •80.
Bee,
Brooklyn
SX
lg« Feb,
1
2,050,000' :,027.7.10
3
.Ian., "SO. 4
Ian., •80.
1
Manhattan*
Hanuf. {c Me
Marine
Market ....
!)
Nov., '!9. 8
8
American
i
American Kxch
Bowery
Broadway
3
Jaj., '80.23
8
10
'
8
.Ian., '80.
Paiow.
LutPtliL
3H
79.
Sept.
DiTii>«in>«.
OoarAHXBB.
»
6
Nov,
I.& J,
800.000
100 2,000,000
a'i
Bailey. Broker,? Pine itraet.]
Ask.
Jan., '80. SJa
M.&N
I.OOO.IXXI 1,:<15.1<)0
Butchem'iDr.
Uld
Apr.,
no
'98 110
July, '94
Jan., '80
Apr , '85
May, '88
Scpt..'8'i,
23
99
10
93
46
ll.'O
»2>i
110
i)j
112
173
110
180
115
101
•M
100
JirouKti/n—lAtiMi
Uu
-t'em't—
City bonds
7
7
do
P..rkbond«
Jaiuary
do
do
do
do
ao
7
Water loan bonds
7
BridKe bonds
waier loan
City Donua
Kings Co. bonds
do
do
7
8
..
6
7
S
8
Bridge
*AII Brooklyn bonds
4
1
luly.
lo
lo
do
do
do
>to
do
M«T 4 November.
On
do
January a July.
Jo
do
*
1879-1880 101
1881-1H93 102
!915-I9'24 124
103
lit
1900-19'24|12t
1904 1912 13.''
latt
W.)9-l«03 109
1881 -1893! 1 03
ilB
1880-18831 14
lS,<i0-I8«3]
19-24
,114
1907-1910|113
lilt
124
Ii:*
115
Ml
114
115
rtaf.
48
!02X
94
93
[Quotations byC. Zabkiskiz, 4;
Montgomery
&t..
Jersey City.]
Muy. '77ir«
July, '90,105
Nov., '79 l.iO
Idly, '90' 10 I
Feb., 'SO
Mhv.
1119
'93 108
Ill's'
111.')
105
11)
109
Due lUu aaco ui Uiaturiiy ul bonae.
Jerney City—
Watei loan .long
do
18«)-71
Improvement bonds
Bergen bonds
January 4 Jnly.
January 4 .luiv.
<a J. and J 4'D.
January and July.
J.
ihSShm.
1898
101
isnw 1992 108
1S9- Wt
1900
100
103
110
10»
101
—
.
THE CHRONICLE
190
From—
%nxtzstmtxxts
Mahaooy Region, via
Total
Saturday
The IsvKOTOBs' SUPPLBMENT Is published on the last
subscribers of the
of each month, and furnished to all regular
the
Cheokiclb. No single copies of the Supplement are sold at
supply regular
office, as only a sufficient number is printed to
{For
the yiar
Erie.
ending Dee. 31, 1879.)
1878.
^ 1879.
$2,589,029
340,366
31,276
26,507
104,627
Express
Malls
Hisoellaneoua
Total
3(>,564
27,199
114,717
$2,921,057
$66o,773
635,127
$638,910
Cond iictiDK transportation
Motive power
.598,884
223,563
*"'^'79i
262,013
545,140
$2,130,2.58
$2,044,946
Maiiirenimco of road
Maintenance of cars
Total
82,395,890
346,687
$3,091,807
OrosB Expenses—
$876,111
$961,549
The whole number of passengers carried in 1879 was 449,102,
and in 1878, 459,344. The average distance traveled by each
passenger was 25 75-100 mile.s, 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 Company, lessee, shows that there
has been expended for new materials, |278,801, which has been
charged to the maintenance of road or expense account.
Included in this expenditure arp 51 57-100 miles of steel rails,
making, with amount noted in last report, 292 17-100 miles of
During the past year assets
steel rails now upon the roadway.
amounting to $35,465 have been handed over to the Pennsylin
part
payment
Company
of coupons purchased
vania Railroad
and held by that company.
BALANCE SHEET, JANUARY 1, 1880.
Net earnings
;
Dr.
To
To
capital stoclf, com.. $6,053,700
capital stock, spec.. 2,400,000
Cr.
coBt of construction
$26,176,101
Bonds, stocks, Ac., of
By
other companies
$8,453,700
Bonded debt
To unpaid coupons
17.6,50,000
1,802,216
Less balance from eai'nIngs in liands of P.
KR
293,757
Co., lessee
•$1,508,459
Due P. RR.
Co.. lessee,
ac-
on construction
count
1,51.5,546
85,228
437,785
$1,874,052
$2,413,761
.$539,709
—
5.373
14,365
1,433,223
Cash
Proatandloss
Increase.
.$16,694
341.771
1,953,332
:
:
G roso EamlDBB—
1879.
$118,6.58
L.C.&Nav.Co.'sproportlon.... $624,684
$804,587
$179,903
The report of E. "W. Clark, Esq., President, has the following
" 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 freiglit and passenger 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 continue the mines in operation.
" The deficit for the year 1878 was $355,860, and for the past
year |125,763, thus showing a net gain in the business for 1879
over 1878 of $230,097. Had the prices of coal averaged for
1879 as high as 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. We operated
live collieries in 1878, and started No. 11 May 5th and No. 5 on
September 16, making in all seven collieries in operation and
«
»
No. 4 idle." *
" For the purpose of reducing our floating debt and of providing means to meet other maturing liabilities, the Board
made sales during the j'ear of .$793,000 of the company's consolidated 7 per cent bonds, at an average of 88 per cent. The
improved credit of the company, and the advance in the market
price of its securities, enabled the Board to avail of a 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 1st,
1879, without cost to this company. The rent is thus reduced
to $97,000 per annum a saving of $41,000 from the amount
*
*
ygii last year." *
" The floating debt was at the close of the year one million
of dollars, and there remain in the hands of the company
$1,108,000 consolidated 7 per cent bonds in addition to the
18,900 shares of stock. The first installment of the debenture
loan extended in 1877 matured, and was paid, on 10th December."
report just is-sued is simply statistical, and furnishes the information below. The operations of the road were
as follows
Pajiscnpers
Wilmington Columbia
10,904
{For the year ending
$27,629,063
$27,629,063
&
Augusta.
Sept'. 80, 1879.)
This road was sold in foreclosure October, 1879, and is in
process of reorganization. The Railroad Gazette pulilishes the
earnings, &c., as received from the President, Mr. Bridgers.
The general account at the close of the year was as follows:
* Due Pcnnsjlvania Railroad Company, lessee, for coupons purchased
and held by tli.-it company, .if()24,652; due same company for coupons
on bonds owned by that company, $882,360.
Lehigh Coal & Navigation Company.
{For the year ending December 31, 1879.)
The Board of Managers' report for the year 1879 has the
following statement of receipts and disbursements
.$300,000
stock
First mortgage bonds
Certificates of indebtedness,
Coupons due Juuc
1
.$3,200,000
due Sept.
and Dec. 1, 1877
1
,
1886.
.
.
336.000
224,000
:
Income bonds
BECEIPT8.
Railroads and Nesqaehoning Tunnel
I^ehigh Canal
'"
]""'
Water Powers Ix.'high Cinal
Delaware Division Canal
Netpi'ofiton
r.«higli
]
Coul
$828 ,817
5j',930
19',830
47',589
190 ,622
Royalty on coal mined by lessees
Revenue from rents
Profit realized from sales of real estate
]
1
,901
33 .913
5 ,760
3 ,393
Ulscellaneous receipts
To'"'
$1,183,848
DISnUKSEMENTS.
General and legal expenses
Deficit
$125,763
coal tonnage on the Lehigh & Susquehanna Railroad
Lehigh Canal, compared with that for 1878, was as follows
'
1878.
From
Wyoming Region
Tons
Upjicr Ixhigh Region, Nescopcc Branch
Hazlctoii Region, via L. V.
Black Creek Ki-gion, via Drlfton Branch
Beaver Meadow Higion, via Nesq. V. RR
leaver Mejulow Region, via L. V. RR
1,048,098
280 606
RR
'
92*976
315'286
284966
10128
$4,951,395
26,194
102,801
458,630
Cash and accounts receivable
Profit and loss
$5,539,022
In the new company the old mortgage incumbrances are to be
represented largely by stock. The earnings for the year were
as follows
Total
923,958- 1,309,612
,:,„
$5,539,022
Total
Ro.id and property
Stocks owned
Freight
Mail, express, etc
14.131
12 411
Tiz.:
3,760,000
600,000
826.000
53,022
1877-78.
1878-79.
The
and
Current balances, pay-rolls, &c
Passage
49479
Interest account
Hills
payable due Southern Railw-iy Security Company
:
$51,333
138,000
118,867
1,730
Rent and taxes Nc»(pieliouing Valley Railroad
Rent and taxes Delaware Division Canal
Taxes chargeable to canals
Taxes chargeable to coal and coal lauds
....
Taxes on capital stock
Taxes ou landed property and Improvements
79,449
railroads during 1879, as
^1878.
$101,964
256,542
Passengers and mails
Fi-elght and express
Coal
The annual
Freight
4,158,034
:
ANNQAL. REPORTS.
&
2,503,731
RAILROADS.
The gross receipts of the company's
compared with 1878, were as follows
*ulMcriber8.
Philadelphia
1879.
Tons.
7.176
693,131
Hazard
Sundry shippers
AND CORPORATION FINANCES.
cri'Y
XXX-
1878.
Tons.
4,175
425.194
5,295
37,012
RR
L. V.
N. Co.'s lands
&
Lehigh Region, L. C.
ASD
STATE,
[Vol.
,
,
$101,345
282,308
94,665
$118,306
328,679
62,712
$478,309
486,3 19
$509,698
411,040
$8,010
••.-^i-iVo
Expenses
Deficit
$98,658
Net earnings
There was a considerable loss both in passenger and freight
business, and a large increase in expenses, the result being a
The income account was as follows
deficit for the year.
:
1879.
Tons.
2,002,907
420.108
58,496
389,473
495.500
6,794
Assets at close of year
Receipts, as above
Interest received
Reduced property account, six engines ou Wll.
Reduted stock in Pioneer Steamboat Co
Total
*'2*''^51
-
& Weldon road
478,309
'•2'^
/ 0.500
4,026
$704,285
—
:
Fbbhuart
3
;
THE CHRONICLE.
21, 1880.J
$'IS6,310
Expensofi oh iihove
CuiTciil iiileicHt
0:d aci'omilJi closed to profit
DeoreiiWiil dciWt
Anttcts at close of year
and
43
104,018
10,U02
logs
& Wcldon.
{For the year ending Sept. 80, 1879.)
For the last fiscal year, ending Sept. 30, 1879, the earnings
were as follows
1878-79.
$157,232
ratwaKO
Schaghticoke Point, inijuding steel rails, bridges, &c. The
now goes to the Court of Appeals."
Burlington & Missouri.— The trustees of the land mortgage
of this company ( now C. B. & g.) advertise that, agreeably to
case
102,801— ifl704,2Hri
Wilmliiiirton
191
1877-78.
$171, 708
271. ISO
4 1 .020
the provisions contained in the trust mortgage deed, sealed
proposals, addressed to John N. Denison, Assistant Treasurer,
Boston, Mass., will be received until Wednesday, March 10, for
the sale to them, for ca-sh, of seven per cent land mortgage
bonds of said company, to the amount of four hondired and
twenty -six thou.sand dollars, or any part thereof.
Central Iowa.—The Boston Transcript gives a summarr of
company's status. The reorganization scheme agreed upon
$50.'5,9.57
Total
$187,815 *bout four years ago is progressing favorably, and the new corKxpoiiBes
316,544
207,389 poration formed is called the Central Iowa Railway Company.
The first mortgage bondholders continue in possession of their
Net enruings
$189,41
$220,420 bonds and receive first preferred
stock for three years' arrears
In addition to operating expenses a considerable amount was of interest up to January 14, 1876; afterward,
and for the
expended in permanent additions to property. Deducting ex- period of five years until January \5, 1881, the bondholders
traordinary expenses in both years for renewals and all better- take the net income of the road in lieu of
interest.
These
ments, the net earnings were: 1878-79, $175,673; 1877-78, bonds amount to $3,700,000, and the interest, which
goes into
$175,644. The income account was as follows
the first preferred stock, to $907,000. The net income of the
Assets at eoiiimenceineiit of year
$88,000 road since 1876 has not yet been determined. It is said that it
Gross earnings, jVs above
505,957 may amount at the maximum to half
a million dollars, which
Interest, &.1:, received
1,467
may be paid in an income bond. The old second mortgage
Total
$.VJ6,02ti
bonds, amounting to |92(),000, go into a second preferred stock,
All expends, as above
$330,284
together with three years' interest ( five years' interest to
Interest paid
106,047
January 15, 1881, is wiped out), making $1,167,800 of second
Dividend. 3 i)er cent
43,569
Old accounts closed
preferred stock. This is a total of $5,774,800 of first mortgage
78
Floating debt reduced
893-480,871 bonds and preferred stocks bearing 7 per cent. The floating
Aascts at close of year
$115,151 debt lias been paid off, and the (jld common stock is to be
reduced fron $4,920,000 to $1,600,000, one share of new stock
lieing given for three of old.
The stock selling at 12j>^ is the
old common, worth one-third of the new, which sells at just 36.
The second mortgage bonds now sell at 61. For each $1,000
Anthracite Coal Trade. A temporary suspension of raining
has been decided upon by the coal-producing companies, the bond $1,210 i!i second preferred stock will be given a few weeks
hence, thus making the cost of this stock but 50, as compared
companies all agreeing to suspend mining three days a week
with the common at 36. The first mortgage bonds ( with the
until the 1st of April.
three years' interest coupons, to go into first preferred stock,
Circulars were issued by the Philadelphia & Reading Coal
& Iron Company February 19, increasing the price of lump and attached), sell at 115. There is also attaching to this security
steamboat coal on board vessels at Elizabethport, N. J., to the net earnings of the road up to 1881, which, if they amount
to $500,000, will be thirteen per cent more on these bonds.
The
$4 75, from '^4 as announced on the IGth inst., and to $4 25, from
net earni.ngs of the road in January were $35,000, and net earn13 75. for Port Richmond.
ings of $30,000 per month might be the average for the year.
The production of anthracite coal from January 1 to FebIt will take $259,000 to pay the interest on the first mortgage,
ruary 7 is reported as follows
Tons of 2,240 lbs. $63,490 to pay the interest on the first preferred stock, thus
„, ,
,
,
TotalJan. 1 to Feb. 7. 1880
leaving $36,510, or about three per cent, on the new second pre1,981,511
Total for same time 1 879
1 ,82oio9!)
ferred stock. The roadbed and track are in good condition,
Total for same time 1878
1,390 548 one-third of the latter being steel, but
more and better rolling
Total forsiuue time 1877
1,408 O'o
stock is needed.
Total for s.anie time 1870
1,3211 752
Total for sime time 1875
" The Burlington Cedar Rapids & Northern desire to lease
1,2«9!'.>12
Atlantic & Pacific.— Of this new joint corporation, under the road, so it is reported, for the interest on its first and second
which the Atchison Topeka & Santa Fe and the St. Louis & mortgage bonds; but Russell Sage, who has long been a direcSan Francisco propose to build to the Pacific coast, the follow- tor in the road, declares it his intention of putting it into the
ing details appear in Boston. The road is to be built in two Wabash system. Before the late revival of business, the first
divisions.
The cost of the first division will be about |12,500,- mortgage bonds sold at 25, the second mortgage bonds were
0OO._ Stockholders in the Atchison & Santa Fe and Atlantic &
worth less, and the stock could scarcely be given away. There
Pacific corporations will have the right to subscribe for a « per are reT)ort8, upon ^ood authority, that Jay Gould will soon go
cent bond at par, receiving therewith a $500 or |750, as may be into the directorship and that the company's securities will be
determined, 6 per cent income bond. The Atlantic & Pacific given a 'boom' before long. If one believes in the future of
Company will reserve the right to take from subscribers, before the road, and can figure out from these facts and the earnings
40 per cent of the subscription has been paid, the first mort- as we report them from time to time a good business, the bonds
gage bond, paying back the subscriptions advanced with as the market is at present would seem a better investmsnt than
interest, thus leaving with subscribers an income bond costing the common stock, though the latter may still be considerably
302,8.')-)
FrftiKlit
45,809
JixprcBH, mail etc
this
:
aENERAL INVESTMENT NEWS.
—
—
:
,
them nothing.
Bangor & Plscataanis.—At a meeting
of the Bangor city
government held Feb. 12, it was voted to sell this road for
ijJtiOO.OuU 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 (as they become due in 1899) the bonds
issued by said city in aid of said road, to the above amount,
Eaying the interest as it becomes due. The order of sale will
e submitted to the people for their approval.
Blue Ridge
Houses of the General Assembly
( S. C.)— Both
of South Carolina have passed the bill to facilitate the completion of the Blue Ridge Railroad, which will supply the mis-sing
link in connecting Charleston with the Cincinnati Southern
Railroad at Knoxville, to be constructed from Walhalla, in the
direction of Clayton, Ga., and thence to Knoxville, Tennessee.
Boston Hoosac Tunnel & Western.— A press despatch from
^^^- ^*' ^*'*^ " '" ^'^^ construction of the Boston
Hoosac m^-'
Tunnel & Western Railway, the projectors of the enterprise took posses.sion of a large portion of the abandoned roadbed of the old Albany Northern Railroad. The Troy & Bostoii Company claimed the property under a
perpetual lease,
and brought an action to restrain the new company from entering upon or using the roadbed and, further, obtained
a perpetual injunction to prevent the building on or using the road
in any way.
A motion to vacate the injunction was made and
was granted, with the understanding that the new company
might go on with the work at their peril and suffer the eonsequenee^ of forfeiture if they proved them to be wrong. Gen.
**' *''^' *''°'' president of the Boston Hoosac TuntSS"''*'
nel &
Western Company, decided to go on with the construction of the road, and a few weeks later a pro /orma
decision in
W,vorof the Troy & Boston Company was rendered by Judge
l*bom. An appeal was taken, pending which the construction
01 the road wa.s completed and tlie road operated. Friday, the
general term. Judge Learned dissenting, aflirmed
Judge Osbom s decision, thereby transferring to the Troy & Boston
Company the fourteen miles of new road between Eagle Bridge and
7/°^-
:
Totil 7 per cent securities
stock for $4,920,000 old
New common
$5,774,800
1,640,000
commou stock.
Total stocks and bonds
$7,414,800
Chicago Clinton Bubuqne & Minnesota.— The following
table shows the gross earnings for the years 1878 and 1879:
Freight
Passengers
Mails
Express
1878.
1879.
$14,202
$18,043
11.319
1,94'2
2,500
176
1,774
158
•
;
i
agitated by speculation."
To recapitulate and show the relative position of the securities at a glance, we give the new capitalization as follows
First niortgafce 7 per cent bonds, uuoUanf^od
$3,700,000
Three years' interest on the same and coupon No. 7, cashed
by Jay Cooke, to be llrst preferred stock
907,000
Second mortsaKC bonds and three years' Interest, to be 2U
preferred stock
1,167,800
$31,295
3,473
Chicago Milwaukee & St. Paul. It is reported (on what
authorit-y not stated) that the Chicago Milwaukee & St Paul
Railroad Company have purchased the stock of the McGregor
$27,821
Totals
Increase in 1879
—
& Wisconsin Railroad Company, whereby they become the
owners of all the lands and other property of said company in
the State of Iowa situated along the line of the Iowa
& Dakota division of the Chicago Milwaukee & St. Paul, and
all the interests of said company claimed in the land grant con'
nected'
with said division, whereby
the
suits pending in regard
to said lands will go to the Chicago Milwaukee & St. Paul
'.
.
^.
_
I
Company.
Chicago
—
& Pacillc. In the foreclosuT* case of Blair vs. the
Chicago & Pacific Railroad, Judge Blodgett, at Chicago, entered
deficiency decrees against the road and in favor of the following
parties, on the sale of the road under foreclosure
John I. Blair,
$28,086 the Delaware Lackawanna & Western Railroad Company, $27,691 the Lackawann a Coal & Iron Company, $250,373
Elizabeth McEvars Bayard, *81,804 ; L. B. Otis, Receiver of
:
;
;
:
:
THE (CHRONICLE.
192
lease the
Moses
the State Savings In.stitution, $110,602 ;
An order was also made
the City Bank of New York. $28,633.
Court within eight
on the purchasers at the sale to pay into
purchase.
days the sum of ?250,900 on account of their
laylor, ?3.),269;
is a
Cincinnati Sandusky & Clevcland.-The following
four montns
statement of the comparative net earnings for the
ending December 31, 1878 and 1879
:
lS7n.
1878.
fiain.
i}ilP,(l48
8optcin1)er
Ociobci-
November
December
*io7^"
33,48t>
rJ,75.'J
lY'InV
^S'VX?
v.iui
20,333
5,849
12,165
1!>,2(J7
$10,416
Total gain In net cainiugs for torn' montlis
[Vol.
Macon & Brunswick
Railroad.
XXX.
They wanted the
to warrant and defend the title to the lessees, which
lie refused to do, excejjt so far as he was authorized by the
lease act."
But in regard to this, the N. Y. Tribune of 20th inst., says
that Governor Colquitt, of Georgia, has be enin the cHy for the
past day or two for the purpose of closing the contract for the
sale of the Macon & Brunswick Road. Messrs. 11. T. Wilson
and C. M. McGliee, principal officers of the Fast Tennessee
Virginia and Menq^his & Charleston roads, represent the company of purchasera. The price paid was ?l,12.j,000, one-fourth
cash. It is provided, however, that the road shall be extended
to Atlanta within five years from the date of purchase.
Governor
&
the
Memphis & Little Rock.—In regard
C.)— Colcmbu, S. C, Feb. 18.— The Gen- chase of the Memphis & Litle Rock Railroad by the Texas
Aldermen has
and
the'Mayor
of
eral
Pacific Railroad Company, it is stated that a few weeks since
entire md^Mecl
passed an act authorizing the funding of the
a controlling interest in the stock and bonds of the Memphis &
value, by the
face
the
at
floating,
and
bonded
city,
the
ness of
Little Rock company was secured by R. K. Dow, its former
interest foi the fiist
cent
per
2
bearing
bonds
30-year
of
issue
president, and that Sir. Dow, from his business connections. Is
for the last, the
decade, 3 per cent for the next and 4 per cent
supposed to be acting on behalf of the Texas & Pacific.
city
the
due
coupons to be receivable for all taxes and debts
ot
terns
the
Mississippi Bonds. A message from Governor Stone was
except water rent. The city creditors will accept
read in the .Senate of Mississippi on Monday, 9th inst., in which
the act.
he says that, shortly after the adjournment of the last Legislareports that
Connccticnt Western.— The Boston Advertiser
Haslewood,
mortgage lature, he received a communication from Edward
the
of
holder
large
York,
a
New
Niles
of
"Nathaniel
the holders of the Mississippi repudiated
at Hart- Esq., representing
sued
has
Railroad,
Western
Connecticut
bonds of the
bonds in England, inclosing copies of a memorial addressed to
forth that the bonds
ford for foreclosure. The complaint sets
Governor, the Senators and the Representatives of the
that in 1876 the
$3,000,000,
of
amount
the
to
1870
in
issued
were
Mississippi, submitting a proposition in behalf of said
therefore the State of
and
defaulted,
was
bonds
the
all
upon
interest
bondholders to compromise the indebtedness. The jjroposition
to
rolnnibia City
(
reported pur-
S.
A sembly,a^he request
—
principal
is
due."
of the bondholders embraces the following poin ts;
1. Tliiit tlie boiullioldevs sliould waive all claim for the unpaid interest
Fort Wayne Miincie & Cincinnati.— The bondholders are
tlie voar 1840 to the last day of this year, say over ,$13,000,000.
about ready to foreclose the mortgage and reorganize the from
2. Tliat tlie State should i.ssue new bonds to the extent of $7,000,000,
are now
affairs of the company, and the bondholders' committee
being the amount of the orifjlnal issue.
reor3. That the uew issue of bonds should bear interest for the first year,
calling in the bonds for this purpose. The terms of the
July,
ganization are not decided upon, and will be left to the decision commeuciug from the st st January, 1879, Urst payment being in
)
1879, at the rate of 3 per cent per annum, increasing annually, after the
of two-thirds of the stockholders,
first year, at the rate of one-half of 1 per cent per
4. if deemed advantageous to the State, that
annum.
the said
new
issue or
Framingliam & Lowell.— At a stockholders' meeting of the bonds may be received in itaymcnt for any unoccupied land or lands bea bond of $1,000, the
Framingham & Lowell road, Feb. 14, the lease of the road to longing to the State, at the rate of 320 acresoffor
thrifty men, providing a
of this being to induce an inunigiation
the Boston Clinton Fitchburg & Niew Bedford Company for a object
market and a sinkmg fund for the bonds.
term of 998 years and four months, Jrom October 1 last, was
It is understood that the property will be leased to
Mr. Reynolds offered the following resolution, which was
ratified.
the Old Colony at once, and that the 8 per cent note holders
will receive preferred stock in Exchange.
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.
Indiana Bloomington
&
Western.
—Judge
Drummond has
referred the matter of the I. B. & W. Railroad claims to W. P.
Fishback, 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
:
adopted:
Resolved (the House concurriug), That the communication of his Excellency, in refere;>-ee to certain bonds of the State of Mississippi, aud
accompanying documents, be referred to a Joint select committee of the
two kouses, to he composed of three on the part of the Senate and
on the part of the House of Representatives.
By the provisions of the present Constitution the State is
prohibited from ever legalizing these bonds, the clause, which
was adopted in 1875, reading; " Nor shall the State assume, redeem, 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 Planters' Bank bonds."
—
Missouri Pacific. This company has leased the St. Joseph
permanent improvements after December 1, 1874, and from & AtchLsou branch of the Hannibal & St. Joseph Railroad for
what source were the funds obtained ? 4. The gross earnings a term of tvifenty-five years, and will run through trains from
of the railroad from January 1, 1873, until the receiver St. Louis to St. Joseph.
relinquished possession of the property also, what property
Before the United States Supreme Court in Washington,
was received by the receiver on the 1st day of December, 1874? the argument of the Cowdry case, to set aside the foreclosure
Edmunds for
Indianapolis Cincinnati & Lafayette.— At Cincinnati, Feb. of this railroad, was made in January by i^'enator
Gould, and N. A. Cowdry in person. If this case is decided in
13, the sale of this railroad was confirmed by Judge Baxter in
favor of the present owner. Jay Gould, there will be no cloud
the United States Circuit Court.
left on the Missouri Pacific title.
Little Roc\ & Fort Smith.—The earnings and expenses, and
land sales, for the month of January, 1879 and 1880, were as
Transportation.
The Philadelphia Ledger says
Oil
follows:
" For more than a year past there has been pending in the
Earnings.
Expenses.
Net. courts of this State various legal proceedings, civil and crimiJanuary, 1880
$49,856
$18,742
$31,114 nal, arising out of the conflicts and rivalry of the oil companies,
January, 1879
25,018
16,405
8,613
the pipe lines and the railways that transport oU to the seaIncrease
$24,838
$2,337
$22,501 board. These proceedings have now all been discontinued, the
LAKD SALES.
various individuals and corporations interested having settled
Acres.
Amount. their disputes outside of court, and restored the business of
January, 1880
10,352
$10,762
January, 1879
oil to an amicable arrangement among the com1392
7,606 transporting
peting lines. The Supreme Court on Saturday allowed the
8,460
$33,156 discontinuance of the various proceedings there pending, which
LonisTille & Nasltville-fieorgia Railroads.—The Afanta included actions against the United Pipe Lines and the
Constitution of Feb. 11 reports of the compact
between these Pennsylvania Railroad, begun at the instance of the Oil
companies that the Louisville & Nashville and Georo-ia Producers' Union in November, 1878 also actions begun in
Central railroads have entered into a combination that
amounts April last against sundry stockholders of the Standard Oil
terms to a partial consolidation for the term of five
Company for conspiracy, brought in Clarion County, but for
v'ears
Ihe Central road, after amending the contract somewhat
certiorari had been asked to take them up to the
rati- which a
fied it one week ago
The Georgia road ratified the contract, Supreme Court, proceedings in Clarion County being in the
^''^- ^The Georgia road, the meanwhile stayed. On Saturday, counsel representing all the
MnJ^ri
^''r,"'S
^?J!'^^'' ""^
Central o^
and
the South
Carobna roads have made a sub-con- parties in interest appeared before the Supreme Court, antract tbat divides the territory occupied
by the three, and nounced that a settlement had been made, and the Court
commanded by the Ports of Charleston, Port Royal and Savanordered all the proceedings terminated, as above stated."
nah. Ihe combination controls every Atlantic and
A press dispatch from.Titusville says that the articles which
Gulf
between New Orleans and Charleston, except Brunswick, port were signed February 5 by the officers of the Standard Oil
and
steamers plying the Ocean from each port, Company, its stockholders, the managers of its several
''""^
f} Kby ?i.
fed
through "l
lines vi rail under one control, from
Chicago branches, and B. B, Campbell on the part of petroleum proand the lakes, bt. Louis and Louisville. The management
provide
of ducers,
ttie lines wil remain with the
Louisville & Nashville Road
First— Tlntt prodneers sh.ill make no opposition to an entire abroga;
—
—
;
w
—
:
The
contract
is
to extend for five years.
tion ot the system ot rebiite.'*, drawbiicks aud secret rates of freight in
the transportatiim of freight on railroads.
Second—That the Standard Oil Company aud United PiiKi
^. ,?':il"*^!f^--^ ?>Pft«li from Atlanta, Ga., Feb. not receive any reb.ates which railroad comitanies arc not at
ll'li^?"
"R. 1. Wilson & Co. have refused to
13, said
purchase or give other sluppcrs of petroleum.
:
Lines will
liberty to
"
f
FKBRUAuy
31,
THE (JIIKONKLE
1880.J
Tliird— Tlmt tlioro sliiiU lio no (UscriiiiliiatlDii iiscd liy tlio Uiillcd Pipe
hclwocn or a^Miii«t tlicir pntroiw, and raU'» of pu)C»K« shall Im
and uniionn. and shall not, hi! advanced except on Iliiily
days' notice; that, to the extent o( tlicii- Inllnencc, the Standanl Oil
Conii.anv and the United I'lpe Lines ajjiee tlmt there shall l>o no (lill.-r
cnce In the price of petrolcnni helweea one district and anottier, e.vei|it
snuh naniay lie hivsed on a dill'erenee in <|nalliy; that the Lulled I'liie
LliHiswill make every reasonable cMorl to transport, slerc and deliver
does not exceed iiii
all ell tcndercjl to them so lonj,' as the production
average of (15,000 hr.rrcls a day diirln« flflcen consecutive days. If the
production exceode that awoniit, and Is Rreater than the capnel y of he
lines can sustain, the producers asreo that they will not purchase any
Bocalled innuediate-shipnient oil.
,,,,.,
Fourrh-Tlio United I'lpo I.iiu-.s will Rive vouchora for all oil tal<eii
into the line until production reaches the nnixlnnmi of O.>,000 liarrcl.x,
shipment.
witJiout malting any differences as to luimodiato
LliitH
rcasiinalilii
I
PittsbiirsTitiisville & Buffalo— Buffalo Cliuutaiuina Lalio
PitlHlturir.— At PhiladBlphia, Veb. 16, meeting.s of the stockholders of these two companies respectively were held, and
The officers of the
articles of consolidation were adopted.
rittsburg TitusvilU & Butfalo Company will act for the consolidatecf company until the no.tt election. The statement is
made by stockholders of both companies that the proposition
has been made to lease the con.solidatod company to the Lake
Shore & Michigan Southern Railroad, provided, of course, that
the Lake Shore will entertain the proposition.
By the articles of consolidation, the capita; stock of the consolidated corporation is fixed at 127,500 shares of common stock
of a par value of $.")0 per share, making $0,375,000, and l."),0(»
shares of preferred stock of a par value of $50 each, making
$750,000. The stockholders of the Buffalo Chatauqua Lake &
Pittsburg Company are to receive 27,500 shares of the common
stock of the consolidated company aad 2,500 shares of the
preferred stock. But. there shall be paid to the consolidated
company by the stockholders cf the company the aggregate
snm of' §175,000, $50,000 of which is to be expended upon
improvements. It is also provided that there shall be issued
to the holders of the common stock of the Pittsburg Titusville & Buffalo Railway Company, to represent property actually received, 100,000 shares of the common stock of the consolidated company, and as many shares of the preferred stock
as there shall at the time of the ratification of the agreement
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
all the bonds of the P. T. & B. Co., shall be assumed and paid
by the consolidated company. The income bonds, old and new
scrip, and also all overdue coupons of the P. T. & B. Co., shall
It is also proalso be aosumed by the consolidated company.
vided that the officers of the Pittsburg Titusville & Buffalo
Railway Company shall serve until the next election, as the
officers of the consolidated company, on the second Monday of
&
•
193
March election, without waiting until 1881 to achieve that end,
as they would have to do if the control were simply restored
to them by the payment of the interest on the income bonds.
The Republican is not informed what inducement is offered the
holders of the bonds to procure their signatures to this petition,
but the natural itiforence is that they have been pledged th«
jmyment of the interest."
—
Sonthoru Minnesota. The extension of this road has I)een
completed to Flandnau, Dakota Territory, and graded 38 miles
further to Sioux Falls; and the Cential Railroad, from Wells
to Mankato, Minn., has Ixien acquired by purchase, making the
entire completed line now operated as follows: Main line,
from Mississippi River, opposite La Crosse, Wis., to Flandreau,
Mankato Division, Wells to Mankato, 40
D. T., aoii miles.
milesj total, 34G miles; Under the present management, elected
in the interest of the bondholders, this has become one of the
most important railroad properties of Minne.sota. The Directors are II. H. Cammann, Walton Ferguson, F. W. Downer,
:
Cornelius B. Gold and J. B. Duinont, of New York; George P.
Bissell, of Hartford, Conn. ; Henry C. Kingsley, of New Haven,
Conn. ; H. F. Rudd, of Norwich, Conn., and J. C. Easton, of
Lanesboro, Minn. Officers: President, Cornelius B. Gold, N. Y.;
Vice-President, H. C. Kingsley, of New Haven, Conn.; Treasurer, Walton Ferguson, of J. & 8. Ferguson, N. Y.; Secretary
and General Manager, P. M. Myers, of La Crosse, Wis.
Washington City Va. Midland
February 13 says that
&
S.—The Alexandria
G.
Court of Alexandria a decree for the sale of the railroad was entered by
.fudge Keith, such sale to be made at public auction in Alexandria, after sixty days' advertisement, for so much cash as is
equal to the ijrincipal and interest of all the bonds secured by
deeds of trust on said property or any part thereof, except
those secured by the deed dated May 1, 1873, to D. H. Miller,
Robert Garrett'and J. W. Burke, trustees, and for a further
amount of the cash equal to the past-due interest on the debt
secured by that deed, and appointing John S. Barbour commisGazette of
in the Circuit
sioner of sale.
—
Western Union Telegraph. ^TheN. Y. jTn'&wn* report of the
decision just obtained is as follows: "Judge Blatcnford has
given a long decision in the case of Priscilla W. Page, as administratrix, etc, and the Western Union Telegraph Company,
against the Holmes Barglar Alarm Telegraph Company, for an
injunction and accounting. The suit is founded on reissued
letters patent, granted October 10, 1871, to Priscilla W. Page,
as administratrix of Charles G. Page, deceased, and the Western
Union Telegraph Company, for improvements in induction coil
apparatus and circuit breakers, the origiual patent having been
January, 1881,
granted to Page, April 14, 1868, under an act of Congress.
There are fifteen claims in the reissue, and it is alleged
St. Paul & Sioux City— Cliicago St. Paul & Minneapolis
tliat three of them have been infringed on by the defendants.
consolidation of these railroads has been agreed upon, or the
They are as follows (1) The adjustment of the retracting force
stock of the Minneapolis road has been purchased by the other.
the combination of an
The first-named road is the old West Wisconsin Railroad, running of an yiUtom^tic circuit-breaker ; (2)
retraction ; (3) adjustfrom Elroy, Wis., where connection is made from Chicago, via electric ma^'net armature and adjustable
ing or regulating the length of vibration of the armature of an
the Chicago & Northwestern Road, to St. Paul, Minn
1 77
miles. The con.solidated road will be mainly controlled by New electro-magnet by means of set screw or any mechanical equivaYork & Chicago capitalists, the chief of whom are David Dows, lent for substantially the same ptlrpose. After considering in
H. H. Porter and Messrs. Drake and Wilder. The president and detail the mechanical construction and the nature of the
directors of the Sioux City Road will remain in the directory. alleged infringements. Judge Blatehford takes np the legal
Another report says
"It is believed that the control of the questions involved. In conclusion he says 'All the consideraChicago St. Paul & Minneapolis Railroad has passed into the tions urged against the validity of the patent and the rightfof
The
hands of the Northwestern Company, and that the purpose of the plaintiffs to recover in this suit have been examined.
the negotiations pending between the Minneapolis Company result is, there must be a decree for the plaintiff.'
and the St. Paul & Sioux City Road is to throw the management of the latter company also into the hands of the NorthThe New York Life Insurance Company statement for the
western. The majority of the stock of the Minneapolis Road yaar ending December 31, 1879, will be found on another page.
has been sold recently, and it is generally thought that it has The cash assets on January 1, II'SO, amount to $38,990,952,
been bought in the interest of the Northwestern Company. against $30,077,490 on January 1, 1879. As the readers of the
David Dows, a prominent director of this company, is reported CiiRosiCLE are accustomed to deal with the plain logic of facts
to have made the purchase of stock, but he has declined lo and figures, we cannot better refer to the progress of this commake public the details or purpose of the transaction."
pany and show how it has steadily grown, even in the years of
extreme depression from 1875 to 1878, than by throwing toSt. Loiila & Iron Mountain.
The Missouri RepuUicsn of gether some of the comparative figures given in this report, as
Feb. 15, said " A movement is on foot to secure the immediate
follows
release of the Iron Mountain assented stock from the agreeDeath
Ineomo
No.of
Divlslhlc
ment which now shackles its voting jiovver, which is doubtless
claims
from
Policies in Amount
surplus at
the explanation of the buoyancy shown by that stock of late. .Jan 1. force.
Year.
paid.
interest.
at risk.
4 p. c.
The movement referred to is based on the following clause in 1870. ..44.601 $120,132,119 $2,499,054 1875. $1,521,81.') $1,870,058
1,547,018 1,000.950
the agreement under which the st ;ek was assigned to trustees: 1877. -.45,421 127,748,473 2,020,810 1876.
1878...4.''),605 127,901, 8,s7 2.004,144 1877.
1,038,128 1,807,457
' It is
understood and agreed, in m -diHcation of the preceding 1879. ..45,005 12n,232,l 14 2,811.430 1878.
1 ,087,070
1,948,005
provisions hereof, that the stock li\i,st may be terminated in 1880 ..45,705 127,417,763 3,120,371 187U.
1,500,851 2,033,650
advance of the time herein fixed for its termination, upon the On the New York standard of 4% per cent, the surplus, Jan. 1,
direction, in writing to that effect of the holders of at Ica^t iiO 1880, is over $7,000,000.
It will be observed that while the
per cent of the whole amount of fli-st preferred income bonds company's stocks and bonds are put in the assets at $13,544,671,
and 90 i)er cent of the second preferred income bonds, issued their market value is really $14,350,19:?. It is hardly necessary
under or in pursuance of the provisions hereof, which termina- to s-ay that the company remains under the .same able managetion, if so made, shall have the like results and conse(}uenees as ment
Mr, Morris Franklin, President Mr. William H. Beers,
a termination of such stock trtist by expiration of the term Vice-Pre.sident ; Mr. Theodore JI. Banta, Cashier.
origitially provided for its continuance.'
Under this provision,
Attention is called to the advertisement of Mr. H. S. Marlor,
a petition has been circulated among the holders of the income
bonds, requesting the trustees of the stock trust to turn (jver No. 10 Wall street. New York, who offers Ohio Central Coal
Co.'s stock for sale.
This company is organized with a capital
all the assented stock to the Farmers' Loan & Trust Company,
of $5,000,000, and has 8,000 acre.s in the coal fields of Ohio at
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 Corning , which, from their favorable situation, are likely to become nect-s.'^ary and valuable to the great manufacturing interis made by those interested in this movement that nearly
ests of the West.
$5,000,000 of these have signed the agreement. This is a
majority of the bonds, but the agreement requires 90 per cent
Attention is called to the dividend notice of the Little
which it is entirely probable, however, will be obtained. The Chief Mining Company of 1 per cent monthly on $10,000,000
object sought is, of course, to restore the absolute control of tin- capital.
This company is the second brought out under the
road to the holders of the stock, so that the stockholders may be same auspices as the Chrysolite, which has paid a large dividend.
relieved of the foreign element in the board at the approaching 30 days after commencing work on the mine.
—
A
:
,
:
:
—
—
:
:
:
—
—
;
,
Friday. P. M., February 20, 1880.
Crop, as indicated by our ielegranw
from the South to-night, is given below. For the week ending
this evening iFeb. 20), the total receipts have reached ll.'i.liO?
bales, against 119,854 bales last week, 112,.SC3 bales the previous
week, and 137,191 bales three weeks since, making the total
20, 1880.
scarcely a new feature to note in regard to trade.
opening, and the
It is too early for what is tenned the Spring
pressure to secure stocks of staple goods which was reported
hence, something of a
in Januai-y has not been maintained
Still, prices do not show
lull itt general business prevails.
weakness, except for one or two otaples of agriculture, the
Sj)ecnlation in
stiicks of which have greatly accumulated.
merchandise is not so active a^it has been, and yet is maintained
The weather is seasonable, and
with considerable spirit.
the money market ha-s continued easy, contributing to an active
is
receipts since the 1st of September, 1879, 4,098,82.5 bales, against
3,726,.517 bales for the same period of 1878-9, showing an increase-
since September 1, 1879, of 3?2,303 bales.
The details of the
receipts for this week (as per telegraph) and for the corresponding
weeks of four previous years are as follows:
;
Savannah
iDdianola,
;
1878-79.
2l.o7O.S00
288,111,738
124,895,594
359,649,606
437,078,132
Total
locreaee.
Total since Sept.
week of
Week
Decrease.
52,173,710
22,936,616
77,428,526
;
Hhds.
32.624
Beccipts since Feb. 1, 1880.
Sales since Feb. 1, 1880
Stock Feb. 18, 1880
1879...
Stock Feb. 19, ._
Stock Fob. 20, 1878
560
7,763
2,168
5.259
10,595
•2'J,8M>
32,.">o2
13.487
17,956
,
and 1^@S^yio. for
Boxes.
Baes.
Mclado.
128,259
1,459
187,364
132
570,220
467,141
32,620
1,,')79
1,943
.!....
Refined sugars have been less active, and rather easier in
price ; crushed and powdered, 9=4e. and granulated, 9%c. Tea
IS quiet, and more or less depressed.
The market for Kentucky tobacco has continued quiet,
though the inquiry is very fair. The sales for the week are
700 hhds., of which 600 for export and 100 for home consumption.
Prices are well supported, and lugs are quoted at
4@
5>6c. and leaf 6@12c. The movement in seed leaf has also been
comparatively small, and sales for the week are only 850 cases,
all crop of 1878, as follows
450 cases Pennsylvania, 9^c to
aic; 200 cases New England, 12c. to 25c.; 200 cases Ohio,
6^c. to 12c. The movement in Spanish tobacco is only fair'
and sales for the week are limited to 600 bales Havana at 80c.@
781
9,708
8,525
296
466
15,626
9,820
1,701
12,191
15,534
4,575
6,862
5,578
8,475
146
68
182
9,346
1,362
991
15,543
15,084
2,139
2,089
12,263
12,507
13,146
14,237
115,307
1876.
53,435
9,995
4,320
472
36S
217
2,213
8,444
3,346
8,751
2,111
2,32S
11,128
1,154
982
684
134,328
109,736
85,068
109,676
4,098,825 3,726,517 3,484,705 3,495,992 3,401,927
1.
last season.
EXPORTED TO
ending
_ ranee,
Great
'
Feb. 20. Britaln.
N. Orl'ns
Mobile .
Salv't'u-
N. York.
NorfolkOtiiei*.;
^1 10.
Ocean freights have latterly presented a slightly improved
state of affairs
rates have assumed a steadier basis and considerably more business has been reported. The
engagements
to-day mcluded gram to Liverpool, by steam,
3Md 60 lb
bacon, 178. 6d.; butter and cheese, 2.'8. 6d.@25s.; cotton, 7-3'®
^^"^ flo""^ to London, by sail, 15s.; do.
^'^
uii*^"-,''^n*f' ''ilJ- ^\'
bbls.. Is 9d. ^he charters were
Grain to Cork for orders,
4s do. to Cork, direct, 3s.; do. to Rouen, 3s.
IXd.; do. to Bordeaux or Antwerp, 3s. 9d.; crude petroleum to Bremen,
2s 9d
residuum to Liverpool, 23. 9d.; naphtha to Antwerp
3s' rofined petroleum m cases, to Java, 32c. for a small
vessel
;
•
:
Same
Week
1879.
45,300
4,300
1880.
1879
12,304
6,986
615
615
9,782
8,065
5,74C
12,228
3,911
1,886
5,775
1,010
351
399
2,688
17,443
9,075
6,490
12,228
6,629
51,840 359,0971 382,984
8,807 61,1,52 45.542
15,171 49,613 38,223
13,344 64,149 74,107
15,139 70,404 61,147
4,779 282,863 164,427
6,845 27,709 20,006
10,000 63,000 29,000
70,066
14,541
17,473
102,080
126,225 978,017 821,445
Charl't'n
Savan'h.
this
Week.
Total
Contlnent.
26,010
4,300
Tot. this
week..
Totsinee
Sept. 1.. 1579,078|236,610 544,523'2360,211 2356,310
• The exports this week under the head of " other ports" Include, from BaUtimore. 1,J)04 bales to Liverpool from Boston. a,020 bales to Liverpool from
Philadelphia. 357 bales to Liverpool
from >VilminKtou. 2.638 bales to Continent. ,
;
:
;
From the foregoing statement it will be seen that, compared
with the corresponding week of last season, there is a decrease
ill the exports this week of 24,145 bales, while the stocks to-night
are l.jS.573 bales more than they were at this time a year ago.
In addition to above exports, our telegrams to-night also give
as the following amounts of cotton on shipboard, not cleared, at
We
add also similar figures for New York,
the ports named.
which are prepared for our special use by Messrs. Carej, Yale &
Lambert, 60 Beaver street
On
Shipboard, not cleared— for
Leaving
Feb. 20,
"Livor-
pool.
:
m
7,031
39,633
5,915
5,516
tor the week ending this evening reach a total of
102,080 bales, of wbich 70,066 were to Great Britain, 14,541 to
France, and 17,473 to rest of the Continent, while the stocks as
made up this evening are now 978,017 bales. Below are the
stocks and exports for the week, and also for the corresponding
u.rfis.'.'oo
refining
1877.
44,860
11,096
The exports
Rio coffee was advanced to 15^c. for fair cargoes, with a betdemand both for invoices and jobbing lots ; mild grades
have sold quite freely, notably of Maracaibo, Padang 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.
foreign has been quiet here at
tip to 62c. according to quality
35c. for 50-test refining, though there has been some business
in Philadelphia at 34>^c. Raw sugar has been quiet all the
good
1878.
55,979
8,048
7,189
158
Total this week...
ter
week at 7M@7j6c. for fair to
Centrifugal.
1879.
46,864
7,497
8,094
&c
Tennessee, &c
Florida
Nurth Carolina
Norfolk
City Point, (fee
;
1879-SO.
'^1,752,000
lbs.235,938,028
Ib8.101,958,978
1880.
Port Royal, &c
;
lbs.
w'k at
Receli)t8 tbls
(few Orleans
Mobile
speculation on the Stock Exchange.
There has been a fair business in provisions during the week
prices have at times advanced and shown much finnitess, and
that is the state of affairs at the close, when old mess pork was
sold on the spot at $11 87^ new quoted at $12 50 do. for
March, $12 2.^@$12 40 do. for April, $12 25(K$12 hO bid and
asked. Lard sold at 7-7.5@7-72^c. for new prime Western on
the spot ; and for March at 7-72^@7-67>6c , April at 7 75@
7-72)6c., May 7-80@7-82J6c., and seller the year at 7 70c.; a
food business was done in refined for Continental ports at S^c.
95c. for long clear
tacon, though quiet, was unchanged at
and 7 3-16c. for long and short clear together. Cut meats were
fairly active. Beef and beef hams quiet, the latter being quoted
at $17. Butter and cheese have had a fair trade in fine grades
at well-sustained prices. Tallow, 6/^c. The latest advices
(Feb. 11) regarding hog-packing in the West state the number
of hogs packed since Nov. 1, 1879, at 6,100,100, against 6,856,034
that time last sea-son. The following is a comparative summary
of aggregate exports from Nov. 1 to Feb. 14:
;
XXX.
Thb Movement of the
(COMMERCIAL EPITOME.
Feidat Niqht, Febroary
[Vol.
OO T T ON.
(E^ommtxtml Jimes,
I^Ixc
Pork
Bacou
lard
:
THE CHRONICLE.
19i
There
—
..
.
New Orleans.
France.
28.583
2,800
2,410
None.
Other ports..
41,179
8.800
2,583
5,000
15,131
6,000
8,000
Total
89,693
34,676
Mobile
Charleston...
8avann.ah
aalveston
New York
853
None.
None.
Coastwise.
Total,
34,912
6,480
7.299
8,800
9,798
1,200
39
None.
350
2,600
1,559
107,713
18,080
12,672
16,400
27,341
None.
3,000
*7,200
11,000
251,384
43,072
36.971
47,749
43,063
275,663
79,709
68.489
7.548
200.406
777,611
Ot'^er
Foreign
* Included in tbls amount tbeie are
the destination of which we cannot learn.
-
I
Stock.
bales at presses for foreign ports
The following is our usual table showing the movement of
cotton at all the ports from Sept. 1 to Feb. 13, the latest mail dates:
;
EECEIPTS SINCE
•
:
1879.
The
feature in naval stores ha.s been spirits
turpentine, which
to 45c. in sympathy with the
Southern ad'•ema-^ed steady at$l 45@$1 50 for strained
Ti'*^'.n?°^'°^
to good do. Petroleum ha.s latterly
shown irregularitv in
sympathy with the Creek markets, where
uniffiScates
have declined, to 95c.; refined, in bbls., quoted
here at 7%c
Amencan pig iron is, perhaps, not a.s strong as of late
re-sales
has been advanced
V?
;
manuflcturei^ still
teu6<^u7 "t^^i^'^^'
'H?"^'^
P'^^,l''« been weighed down
rivf
mlrt
aSu
l*?-'*""*
.
tl
adhere
by the exces-
«^We advices, however, state a strong
f
?**=^2. Rails still active a^
SI strJs^f
fnt°«f'^r*li?.'^
f82
63a:$s.-, for
steel, $65@$70 for iron
and |43@$44 for old
SEPT.
Posts.
N.Oilns 1149,467
Mobile. 310,225
Char'n* 424,781
652,310
Sav'h .
Galv.*
398,572
N.York 133,201
Florida
17,567
94.704
N. Car.
Norf'k* 590,164
Other.. 212,527
rhlsyr. 3983,51b
IrtBt
yc ar
EXPORTED SINCE
1.
1878.
Gre>it
Britain.
SEPT. 1
Other
^
France.
Foreign
1
TO—
Stock.
Total.
892.991 511,082 153,819|l36,743 801.614 363,185
4,400
57,231 62.789
309,353
6,791
46,043
469,406 121,4^1 12,664 128,154 262,309 41,289
622,786 153,568 10,147 168,568 332,283 73,569
475,053 143,893 19,761 26,376 190,033 74,576
108,875 204,066 17,403 36,520 257,991;278,382
43,693
....
31,095
8,528
8,427
118.396
22,668
3.318 174,609 33,845
1,479
436,619 169,812
14,544 150,933 54,500
115,017 136,389
1509,012|222.069 527,030 2258,131 995,663
3592.1S9 1310.24o'32O,449 593,396 2230,085 846,822
• Under the head of Charltalon is included Port Royal, Ac; under the head of
Batveaton is included Indlanola. &o.: under the head of Sorfolk ta Inoluded CItr
Point, *c.
6
1
TEBBrABT
6
.
THE (JHRONJCLK
21, 1880.1
The speculation in cotton has been comparatively sluggish.
The efforts to promote an advance in prices have been much less
vigorous. In fact, some of the "bull" party.while professing confidence in higher prices in the course of the season, liave been
selling, with the intention, as they say, of becoming buyers
ogaiu when prices have settled, or when the tone of the market
Foreign advices have been le.'S
shall turn more in their favor.
favorable, especially from Manchester, and our home markets
Heceipts at the ports and at
for cotton goods are less active.
interior towns have, however, been larger than anticipated.
Yesterday, futures qnite broke down, under dull foreign advices, 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.
Cotton on the spot has continued fairly active for export, but the
Lome demand has continued (juite small. Shippers have been
favored by the large accumulation of stocks here, and by comparatively low rates of freight. Quotations were reduced l-16c.
on Saturday, advanced on uesday, and again reduced l-lOc. on
Wednesday and 'I'hursday. 'Jo-day spots recovered l-lOc,
closing at 13Jc for middling uplands.
The total sales for forward delivery for the week are 674,100
For immediate delivery the
free on board.
bales, including
total sales foot up this week !i,9H bales, including 3,673 for export,
in transit. Of
1,810 for consumption, 411 for speculation, and
Che above, 1,400 bales were to arrive. The following tables show
the official quotations and sales for each day of the past week:
I
—
NEW ORLEANS.
UPLANI).S.
Feb. 14 to
Feb. 20.
Ordin'y.^lb 113a
Strict Ord.. 11^
Good Ord.. 123111
IH2
1138
ll'ie
11%
in-is 11%
I2I4
I2I2
Btr.
Oril 127,8
Low Midd'u 12\ 12% 1213
Btr. I,' w Mid 1215,, 1216,8 13
13 '8
Middling... 13%
133l,
Good Mill .. 13% 1338 13T,,
8tr. G'd Mid 1358
l.i"8
1311,6
MlddV Fair
1418
143,e
Fair
14'8
141°,
123l8
12-,6
GM
im
III9
12'ie
123ie
12810
120,,.
12%
131,8
13>4
13i«
13iie
13 14
131a
13%
13%
1414
15
I4I4
15
VTed Tb. Frt. WedjTli.
Ordiu'y. Sib 11=8
Ilia
111%
11 'a
Bf.rictOrd.
Good Ord..
1
LowMidd'(! 12%
Btr.L'wMid 1215,6
Middling... II318
Good Mid.. 1838
Btr. G'd Mid IS^b
Mldd'gFair 1418
14''8
Fair
BTALNED.
9
Good Ordinary
"Btriet
Low
lb.
Middling
Middling
11''3
125,6
12»,6
12''8
131,6
1314
1319
13%
1414
15
131I1,
13%
13%
143,6
14 '4
15
141*1, 15
14 14
15
113,6
1214
125r6
im
UASKBT 4ND
Bat
.
Quiet at 'lo dec.
.
El-
110
303
451
301
360
315
1,550'
.
Mon Weak
.
Tues. F,a«ierat
adv. 1,573
Wed .IDull iit i,6dec-.. 20i>j
Thura Quiet at 1,0 dec. 350i
Prl . . Firmer at Ua adv
i,n
j
Total
12=16
129i6
1213,6 1278
13
131,0
133,6 1 3 '4
137,6 13 111
1334
121-2
ULl
It.', 6
141^,0 15
Frl,
11%
113,6
11 15,
I2I4
12:1,0
12 14
121116 12»8
12%
Deliv-
Sales.
eries.
88,400
303 121,600
2,135 10! .900
501 80.900
710 155,900
615 125,400
700
700
1,660
111
300
701)
300
400
300
3,073 1.840 411
5.924 674,100 3,100
The d.-iily deliveries given above are actually delivered the day previous to that ou which thev are renorted.
For forward delivery the sales have reached during the week
(all middling or on the basis of middling), and the
following is a statement of the sales and prices
•674,100 bales
:
Bal
For May.
Bales.
100
o.uoo.,
1323
l.s-91
8,200.
100
13-05
13-24
13-2^
100
200
HOO
«.3()0
fl.400
13-08
Cts.
;3-e«
1310
lOOa.n. 19tlil3-ll
1,400
13-U
200
13-12
900
13-13
500
13-14
800
ri-lfi
100 s.n. «Ihl.3-lS
aOOa.n.l;t>U3-18
800-.n.l:thl3-18
200
13-18
8no.
1.S-2.-I
400
13--i3
«.5C0
For Mareb.
500..
,'.13-03
SOO
18-04
13-05
18-16
..I3-a7
..13-08
1,800....
1.300...
2.300...
4.700.
..
3..100. ..
8.H00. ..
8.300. ..
7,8 0....
7.100
900.
1.000
6.400
}0,«00
1HS2
800«
S.400
8.200
1.900
.
.
H09
.1.3-10
.18:
..13-12
..1313
.
13-14
13-15
1316
13-17
18-18
J3-1«
is-20
4,700.
2.100.
1
.13-21
.13-27
..
5,200
.13-2i
2,700.
I
....13-28
.13-21
.13-27
.'.000.
13-28
10,000.
2.J00.
9, 00.
.
..13-47
..13-4S
2.S00. ...
...13-60
.13-29
13-30
13-31
8.B00
8,700
I2,S0D
15,100
10.600
1.800
S.8I0
8.500
13--10
.
.
400
1385
15.700....
...IH-BO
.3,500
13-Xi)
17.900
4,100
13-90
.
....1.3-34
13-85
2,500
13-afl
7,.300.
..
15.400...
18,400
...
1»,900.
6.800. .
3,800. ..
5,700....
3,000. ..
7.200..
.
.
I!)-3«
...
13-39
..13-40
...13-41
...13-42
....13-43
....13-44
....13-45
....1.3-46
.13-47
12.900
8.801
13,700
13-48
13-49
13-30
4.i!00
13-51
13-52
13-53
J.IOO
1,''00
801,600
I
1
13-86
13-87
13-88
..
...
10,100...
13-a7l
...13-:9
...13-80
13-81
.
5.(100....
2.700
1.000...
2.9.0
...
7,-;0'i
..
l''.-78
.
..13-67
13-58
.13-59
...
11,000
6,500
....l.')-3S|
...IS- 77
..
13-6
13-83
13-«4
13-:|-
100..
200.
1,300
4,700...
5.700...
18-33
1.100...
I
13-78
.
3.300
8,500
1,700
,..!8-56
...
fl.lOO
18-n7
3,700
4,^00
9.300
13-6-1
2,-ilX)
13-71
...13-72
13-73
4,000
1,600
600.:.;:
....14-00
.. 14*01
MO.
....14-0'.J
..
100
....1103
....1404
800
l.NW
For Angaat.
1408
1409
....U-il
14-12
800.....
..
.
..
M,300
.18-as
....1J87
1,800
... 13-88
1,800...... ....13H0
.
600
..
1,S00
1,400
.13W
100.
600.
...18-93
....18-94
...13-95
....1*9(1
SOO
100
100
....13-41
100
uai
ia«()
S
fOO
U-41
]»-S8
i«-e4
100
13-44
L2-48
100.
1-^es
12-6M
12-72
12-78
12-67
For December.
100
tS-M
.13-53
600
W27
600
400
400
12-74
.12-7S
lS-81
u-as
~i.4O0
For JeniuiT.
is-a
For Noranber.
100
...
bIoo"
8,900
I3-4.'>
....13-5;J
1^48
00*
U-«B
13-48
.
.
13-48
....13-80
>
...13-98
..13-48
.
...
....
iCO
80
110
900
..13-97
3,000
....1.3-40
1,001)
liOO
-12-10
Vita
800
800
100
100
WX)
200
200
800
100
400
For 8«p tember.
.. ....13'91
lg-»T
12-58
s.B
....lam
1,»00
«00.
KOO
SOO
....14-10
IIX)....
....lS-83
l.SOO.
700
700
800
l/)00
For October.
1409
l4-0«
...n-07
.
...
300
soo
700
1,400.
14-03
14-04
.
1,>)00
17,900
6,100
14-0-J
..
ax)....
800....
eoo....
I*ii8
18-k«
)»-30
la-81
12-S4
12-88
12-87
12-30
100
12-25
12-i7
100
The following exchanges have been made during the week
•40pcl. to cxch. 500 April for Juno.
•00 iKi. t.i exch. 500 Feb. for May.
The following
will
show the range
and the closing bid and asked
the past week.
Futures
of prices paid for future*,
M. on each day in
at 3 o'clock, P.
,
Mondajr.
Tuesday.
Easier.
For Day.
Irregular.
Closing.
IMW. BUI. Ant
13-13-13-11 13-15
13-22-13-15 13-21 22
13-45-13 39,13-44 4
13-GG-13-59 13-05 66
13-85-13-78 13-84 85
13-92-13-88^1 13-iU 96
14-04-13-96 14-04 05
-13-48 13-51 54
12-67-12-61 12-67 70
12-40-12-36
-12-31
—
—
—
13 15
For Day.
13-29 13-17 13-18
13-53 13-41 13-42
13-73- 13-61 13-02
13-93- 13-81 13 81
14-04- 13 92; 13-91
14- 12- 14-00] 14-00
13-07- 13-55j 13-48
12-75- 12-66 12-60
12-48- 12-31
Very steady.
13-15
Barely steady.
Tbnraday.
Friday,
For Day.
Low. Std. Auk fftffh. Low. ma. A»i
Feb'ry. 13-14-13 13 13-16 17 13-11-1305 13-03 04
13-1613-00 13-05 06
March 13-21-13-16 13-20
April... 13-45-13-39 13 43 43 13-36-13-26 13-26 27
»iay ... 1365 13.59 13-63 64 13-57-I3-4(> 13-47
June... 13-84-13-78 13-83 84 13-76-13 65 13-65 60
July;.. l3y3-13-89 13-93 95 13-85-13-75 13-75 76
August. 14-03-13-93 1402 04 I395-13-83 13-83 84
13-52-13-48 13-51 54 13-43-13-40 13-37 39
.Sept
October 12-69-12-68 1 2-68 72 12-6-2-12-59 12-57 00
Nov.... 12-36- 12-34| 12-36 40 12-30-12-27 12-23 27
Uec'ber 12-33-12-27
Tr. ord.
13 20
1305
CloRpd
Steiwly.
Barely steady.
—
. .
.
—
—
—
63
82
93
02
52
70
Firmer.
Closing.
Eigh.
—
01o«tn)(.
Blah. Lnw. Btd. Atk
13-23- 13-15 13-13
Lower.
.
:
-23 pd. to OJtch. 800 Fob. for April.
I
I
I
For Day.
Hirli.
13-1
Closing
|
Low.
Bid.
Atk
—
—
13-33.31
1354 —
0-1300 13-10
13-1613-03 13-12
13-37-13-25
13-57-13-46
13-77-13-66
13-85-13-77
13 95 13-84
13-72
13-82
13-90
13-45-13--40 13-40
12 6212-57 13-5'j
12-31-12-25 12-29
-12-22
13-10
Steady.
—
73
83
92
44
62
32
13-Ba
1370
500
13-91
2.700
2,100
13-92
1303
For July.
13-75
13-77
13-78
13- ;9
800
700
600
100. ...
400
..IS-.-iO
1381
13-8-.!
1,000.
100...
For June.
1.000
3,800
13-B5
13-66
2,-JOO
1.3-67
1,301
1,600
7,B0O
5,600
2.600
8,780
'3-B8
1S-B-?
13-70
13-71
13-72
18-73
1,200....
1,700....
,300....
1,700....
500
1,000.
701)
400
100
8CC
Total Great Britain stock
Stock at Havre
Slock at Mai-seUles
Stock at Barcelona
Stock at Hamburg
Stock at Bremen
.
Stock at Anisterdani
.
Stock at Rotterdam
Stock at .Antwerp
Stock at other conti'ntal ports.
496,519
46,160
2,300
1,778
Total continental ports
115,751
Total European stocks.. ..
India cotton alloat for Europe.
Amer'n cotton atloat for Eiir'pe)
EKyi)t,Brazll,&c..aHtforE'r'pe)
Stock in United States ports
Stock In U. 8. Interior ports..
United Stf tea exports to-day
612,270
97.725
528,091
39,442
978,017
186,545
17,000
...
562.250
130,250
3.000
19.500
5.500
5,750
63^.500
209.250
4.250
31.000
7.000
33.000
20,750
11.000
7.250
5,500
886,500
162.250
3,500
59.000
13.000
47.750
66.000
10.500
6.750
10,750
239,000
338.000
37D.500
801.250
92.000
625.000
23,000
821,445
111.710
20.000
976.500 1,266,000
101.000
129.000
557.000
633,000
38.000
50.000
881.244
873.45B
130.931
98,6.53
15,000
500
13,78 4
1.300
17.740
21. ,500
25.890
1,200
42.730
8.500
,599
2.2.50
Total visible supply
2.459.090 2,494,405 2.699,675 3.050.609
Of the above, the totals of American and other descriptions are as
follows
A mcrican—
Liverpool stock
Continental stocks
American
83,600
1.40O
201,700
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
exports from the United States, including in it the exports of
Friday only.
iggo.
1879.
1878.
1877.
Stock at Liverpool
403.000
503.000
626,000
849,000
, .bales
Stock at London
33,519
59,250
12,500
37,500
..|:i-7.i
13-53
13-54
..!3 55
4,IK)0
1S-.35I
3,fl(»....
4,200....
1.300....
13-51
7,300..
7.800....
7.700. ..
8,000....
Cts.
..13-74
..13-52
.
.
..13-Bl
13-B2
13-83
13-04
11,500
Bates.
Cts.
13-46
),S0O..
B.500. ...
4.700...
I6,->00
For April.
4 000.
Bale 8.
4,D00
.1.3-28
..
110,900
M.21
13-28
I
1,400
1.800
SOO
100
200
200
14-01
...
Cw.
Bales.
Cta.
ls-5«
18-57
100
The Visible Supply of Cotton,
SALES.
!
For February.
1,-00
800.
400.
Balea.
400
1214
1178
Con- Spec- Tran
sump. uPt'n sit. TotaL
port.
....18-l)8
....18'9tf
eta.
14-00
lHu
ni3„ U7h
SALES OF SPOT AND TUAHSIT.
SPOT MARKET
CLOSED.
2,600.
117,6
113,6
12l5iol2
12 >4 |125io
Il2iti8 121116
1,000
....1397
Frl.
Wed Tb.
Rlon raea
113,6
....IHttJ
High.
IVed Tb.
FrI.
14. >4
Sat.
Oood Ordinary
Ot«.
SOU
soo
400
11 ig
11 ",6
11I«16
ll'^S
125i6 1238
123,6 1 2 5s
1279
1215,0
131,6 I3I8
I3I4
135,6
I3I3
139,
13% 1313
1414
145,0
15
lai,o
11>3
11»16
1116,6
1238
12=8
I21O16
I3I8
135,6
139,6
1313,6
145,6
151,6
III3
111*16 Ifs
1178
1214
125,6 125i„
12>2
12916 129,6
121316 1278
1278
13
131,0 I3I16
I3I4
133i6 I3I4
137,6 13-a
131a
13%
Bslea.
Bales.
Tne*
inon.
lli-j
125,8
12»,6
1278
131,6
1314
1312
123,
G'd Oi-d 12',6
Btr.
195
TEXAS.
nion Tuea Sat. nion Toes Sat
Sat.
:.
.
..
13-83
13-h4
13-85
13-88
13-89
13-00
.•391
11-92
13-93
1894
13-93
afloat for
Europe
United Statcsstock
United States interior stocks..
United States cnwi-ts to^lay..
Total American
East Indian, liraxU, As.—
Liverpool stock
Ix)ndonstock
Continental stocks
India afloat for Europe
Egypt, BrazU, <bo., afloat
Total East India, <ko
Total American
Total visible enpply
Prloe Mid. Upl., Liverpool
348,000
101,000
528,091
978,017
186.545
17.000
379.000
197.000
625,000
821,445
111,710
20,000
465,000
288.000
557.000
8S 1.244
130,931
1 5,000
555,000
288,000
633,000
873,450
98,653
500
2,158,653 2,154,155 2,337,1'?!? 2,4-W!%0D
115.000
33.519
14.751
97,725
39,412
124,000
59.2,50
42,000
-^
9ii,000
23,000
161,000
12.500
50,000
101,000
38,000
294.000
37.500
91.500
129,000
50,000
602,000
300.437
340.2.50
362.500
2.158.653 2,154,155 2.337,175 2,448,609
....
2,459.090 2.494.405 2.699.675 3,050.609
Cigd.
e^sd
738d.
S'leii-
—
.
.
THE CHRONICLE.
196
The above fijfures indicate a deereme in the cotton in sight tonight of 35,315 bales as compared with the same date of 1879
corresponding
a detrease of 240,535 bales as compared with the
with 1877
date of 1878. anda<i«<!r«<M» of 591,5:9 bales as compared
only
In the preceding visible supply table we have heretofore
included the interior stocks at the 7 original interior towns.
,
As we
did not have the record of the
new
interior
for the
towns
a comparison in any other way.
four years,
That difficulty no longer exists, and we therefore make the following comparison, which includes the stocks at the 19 towns
given weekly in our table of interior stocks instead of only the
wo
make
could not
We
shall continue this double statement for a
time but finally shall simply substitute the 19 towns for the 7
towns in the preceding table,
old 7 towns.
1880.
1879.
1878.
1S77.
348,000
101.000
528.091
978,017
327,084
17,000
379,000
197,000
625,000
821,445
182,246
20,000
41)5,000
555,000
288,000
633,000
873,456
173.478
Anierlcan—
bales
Liverpool stock
Oontlnentiil stocks
American afloat to Europe
United SbUcs stock
United States interior stocks.
United States exports to-day. .
Inilian, Brazil,
500
tCc—
iivcrnool stock
I^udonstoek
Contiueiitnl stocks
Iiulia aHo.-it for Eiu-opc
Ej?}pt, Brazil, &o., afloat
Total East India,
Total American
288,000
557,000
881,244
226,685
15,000
2,299,192 2,224,691 2,432,929 2,.'523,434
Total American
i!<uil
115,030
33,519
14,751
97,725
39,442
161,000
12,500
50.000
101,000
38,000
124,000
59,250
42,000
92,000
23,000
294,000
37,500
91,500
129,000
50,000
602,000
362,500
300,437
340,250
2,299,192 2,224,691 2,432,929 2,523,434
&0
2,599,629 2,564,941 2,795,429 3,123,434
Tliese figures indicate an increase in the cotton in sight to-night
of 34,688 bales as compared with the same date of 1879, a
decrease of 11)5,800 bales as compared with the corresponding date
of 1878, and a decrease of 525,805 bales as compared with 1877.
Total visible supply
At the Intbrior Ports the movement—that is the receipts
and shipments for the week, and stocks to-night, and for the
corresponding week of 1879— is set out in detail in the following
statement:
Week en ling Feb
20, '80.
Week eu ling Feb
Receipts Sbipm'ts
Stock,
Receipts Shipm'ts Stock.
Augusta, Ga
Columbus, Ga
200
15,600
17,031
3,680
9,062
*5,600
120,962
14,610
30,736 186,545
1,888
1,165
3,544
332
539
1,663
1,5.50
Belma, Ala
817
Hempbis, Tenn.j 14,175
MaabvillcTcnn.J
1,335
7,095
15,560
2,158
Macon, Ga
Montgomery, Ala
Total, old ports.
21,375
16,724
9,531
3,632
5,558
4,776
59,553
11,930
1,324
2,082
294
517
2,770
1,111
11,500
1,421
3,997
1.789
20,299
1,202
23,149
31,210 111,710
921
500
2,911
t..
6.50
700
833
825
924
2,821
5,156
5,610
3,906
4,365
5,138
Columbus, Miss..
Eufaula, Ala
313
948
169
4,791
0,159
1,107
1,252
312
956
404
1,336
1,126
1,047
1,752
1,047
3,110
21, '79
1.605
1,355
Btreveport, La ..
Vicksburg, Miss.
Dallas, Texas ....
1,105
Atlanta, Ga
Borne, Ga. ..i...
Charlotte, N. C.
1,128
1,534
1,203
1,371
12,933
5,997
2,567
3,329
1,902
13,288
4,967
688
729
534
8,597
7,460
79,652
10,411
9,369
10,436
10,974
Cincinnati, O....
822
10,854
7,650
1,683
Bt. Louis,
8,2,i4
1,601
3,587
6,352
3,484
1,360
2,780
1,369
5,477
5,084
1,070
29,009
9,157
Total, new p'rts
30,235
39,765 140,539
35,833
36.291
7053C
aU
51,610
70,501 327.084
58.982
07,501 182,240
JoflTerson,
Griffin,
Tex
Ga
Total,
Mo
995
696
446
JThig year's figures estimated.
The above totals show that the old interior stocks have
decreased during the week 9,;^61 bales, and are to-night 74 83.3
bales more than at the same period last year.
The receipts at the
towns have been 1,774 bales less than the same week last
year.
Mme
Keckiptb prom the Pl.vntations.— The following
table
is
prepared for the purpose of indicating the actual movement each
week from the plantations. Receipts at the outports are sometimes misleading, as they are made up more largely one year
than another, at the expense of the interior stocks. We reach
therefore, a safer conclusion through a comparative statement
like the following
RECEIPTS PROM PLANTATIONS.
Week
endlngOat.124...
"
*'
Sec
"
"
••
Jan.
"
•'
81...
7...
14...
21...
28...
e...
13...
19...
»«...
2.
.
9...
"
16 ..
83...
"
80....
Feb.
"
IS....
6....
157,000 162,230 214.46) 80,374 97,887 93.093
177,338 157,280 243.018 103,814 115,034 115.735
198,776 182,874 225,08; 126,620 119,498 133,905
194,571 178.004 220,210 132,403 174,583 187,126
200.9SO 181,376 218,408 136,941 188,491 218,998
178,21« 181,625 219,152 157,082 205,012 204,183
174.3«5 220.748 216.187 169,073 230,280
109
202,805 220,'>i)I 234.8711 185,665 259.120 317,468
204,882 218.M7 226,550 280,957
221,8.'H 199,081 207,001 261,87 294.281
185.755 143,155 154,30(1 233.239 281,634
142.0(Kl 121,091 149,486 a30.293 2.33,647
113,613 129,489 237,380 233,236
iSl,.'S91
l«1.03!i 148,648 108.280
1878-79 1879 80
179,238 180.520 229,227
202,776 174,42- 265,355
219,582 217,338 243,257
200,354 201,080 273,-137
205,518 195,284 230.280
192,357 202,046 294.337
180,860 231,116
219,397 243,140
343.503 272,488 226.710
364,926 259,951 213.305
3)55.943 157,118 130.508
349.859 125,153 93,104
352.883 154,814 93,202
242.013 218.535 358,074
150,180 167.097 137,191 244.404 220,935,
|S61,88tl
137, las 171,608 |ll2.SC!) 240.708 214,117
337.916
123,000 150,841 119.«54 233,103: 190,785:
[345,975
10!)7»rt 134 398 115 307 9i!fl flS^! 182.210 .327
OM
[Vol.
XXX.
The above statement shows
1. That the total receipts from the plantations since Sept. 1 in
1879-80 were 4,418,608 bales; in 1878-79 were 3,903,111 bales: itt
1877-78 were 3,694,908 bales.
3. 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.
Last year the receipts from the plantations for the
same week were 135,809 bales, and for 1878 they were 103,318 bales.
Weather Reports by Teleokaph.— Some
almost
in light showers.
In
rain has fa'len ia
the South, but in general
all sections of
Alabama and a few other
it
has only been
points there
have
been heavy rains.
Galveston, Texas.— \\& have had drizzles on four days of the
past week, the rainfall reaching twenty-nine hundredths of an
inch, but they were entirely insufficient.
are needing a hard
rain badly. The thermometer has averaged 58, the highest point
We
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.-r-There has been no rainfall here during the
week, but we have had killing frosts on two nights. Farm work
is progressing favorably.
Average thermometer 57, higliest 76
and lowest 33.
Dallas, Texas.
No rain has fallen during the week, and we are
needing some very much. There have been killinff frosts on two
nights.
Average thermometer 57, highest 76 andlowest 33.
Brenham, Texas. It has not rained at this point during the
past week. Farm work is progressing, the ground being in good
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
two days to a depth of one inch and sixty-lwo hundredths.
Thfr
thermometer has averaged 61.
ShrevepoH, Louisiana. The weather during the week has
been fair and dry, and roads are in go'od condition. Cotton is
coming in slowly. The thermometer has averaged 53, the highest being 70 and the lowest 34.
The rainfall is three hundredths
of an inch.
Vicksburg, Mississippi.
Rain has fallen during the past week
on two days. Planters in this section are giving increased land
—
—
—
—
—
—
to cotton this year.
Columbus, Mississippi. It has rained on one day the past week,
the rainfall reaching sixty-four hundredths of an inch, and the
rest of the week has been cloudy.
The thermometer has aver-
—
aged
57, the highest being 66 and the lowest 48.
Little Rock, Arkansas.
have had one clear
fair day the past week, the remaining days having
— We
day and one
been cloudy,
with rain on three of them, the rainfall reaching fifty-one hundredths of an inch. The thermometer has averaged 44, the
extreme range having been 37 to 66.
Nashville, Tennessee.- It has rained during the week on two
days, the rainfall reaching five inches and seventy-three hundredths.
Average thermomete^44, highest 68 and lowest 37.
Memphis, Tennessee. Rain has fallen on two days during the
week, to a depth of two inches and fifteen hundredths. The
thermometer has averaged 48, the highest being 68 and the
lowest 33. Our last week's telegram was not correctly wired,
and should have said, in addition to what we printed, that the
rainfall for the week was four inches and forty-five hundredths,
rain having fallen on two days.
Mobile, Alabama. The earlier part of the past week was clear
and pleasant, but it has rained severely two days and has been
showery one day the latter portion, the rainfall reaching two
inches and forty-one hundredths. As the week closes, however,
there has been a favorable change in the weather.
The thermometer has averaged 55, the highest being 73 and the lowest 39.
Montgomery, Alahama. It has rained during the week on three
days, one day severely, the rainfall reaching two inches and
ninety-one hundredths. Average thermometer 54, highest 73
and lowest 35.
Sebna, Alabama. Rain has fallen on three days. We have
had an unusually severe storm this week.
Madison, Florida. Rain has fallen during the past week oa)
three days. The thermometer has averaged 59, with an extremi
range of 33 to 87.
Macon, Georgia. It has rained during the past week on om
The thermometer has ranged from 31 to 74, averaging 58.
day.
Columbus, Georgia. Rain has fallen during the week on two
to
a depth of one inch and forty-seven hundredths.
days,
The
thermometer has averagtd 54, the highest being 70 and the
—
—
—
—
—
—
—
Receipts at the Ports. Stock at Inter'r Porta Reo'ptsfrom
Plant'ns
1877-78 l.Sra-79|l8T9-80 1877-78 1878-79 1879-80 1877-
Kov.
"
"
.
239.093
205,235
244,043
229^024
145,323
143,402
132,013
168,693 la3,097 173.871
161,667 169,447 140.697
133,352 104,700 108.309
112,485 127.480 107.913
103.318 12!>.«flfl 0H.4m
—
lowest 35.
—
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 ihe week two
days were showery, but the latter portion has been clear and
pleasant.
The thermometer has ranged from 34 to 81, averaging 58. The rainfall for the week is twenty-one hundredths of
—
an inch.
Charleston, South Carolina.— It has been showery three days
of the week, the rainfall reaching seventy hundredths of an
inch. Average thermometer 59, highest 71 and lowest 43.
The following statement we have also received by telegraph
showing the height of the rivers at the points named at 3 o'clock
Feb. 19, 1880, and Feb. 30, 1879.
1
.
February
.
.
THE CHRONICLE.
21, 1880.]
197
Fel). 19, '80, Fob. 20. 70
According to the foregoing, Bombay appears to show an inereate
Feet. Inch'
Feel. Inch.
with last year in the week's receipts of 14,000 bales, and
compared
11
3
mark
hlRli-water
1
Below
.
Kow Orleans
18
«
3
Above low-water mark... 27
Momplils
an increase in shipments of 10,003 bales, and the sblpmenta tince
10
23
Z
mark...
low-water
42
Above
Nashville
1.5
1
January 1 show an increase of 39,000 bales. The movement at
10
Above low-water mark...
8
Shreveiiort
10
29
o
Above low-water mark ... iii
Vicksburic
Calcutta, Madras, Tuticorin, Carvrar, &c., for the same week and
until
of
mark
1871
Now Orleans reported below high-water
years has been as follows.
high-water
to
was
changed
gauge
Sept 9, 1874, when the zero of
CALOOTTA, MADRAS, TUTICORIN, CABWAB, BANQOON AMD KUBBACRCB.
mark of April 15 and 10, 1874, whicli is 6-lOths of a foot above
1871, or 10 foot above low- water mark at that point.
Shipments this week.
Shipments since Janusrr 1.
-
COMPAHATIVK POHT RBCKIPT8 AND DAILY CHOP MOVKMENT.—
of the port movement by weeks is not accurate,
M the weeks in different years do not end on the same day of the
Year.
Qroat
A comparison
We
month.
have consequently added
our other standing
to
tables a daily and monthly statement, that the reader may constantly have before him the data for seeing the exact relative
movement for the years named. First we give the receipts at
each port each day of the week ending to-night.
PORT KECEIPTS FROM 8AT0RD.IT, FEll. 11, '80, TO FRIDAY, FEB. 20. '80.
Continent.
Britain.
1880
1879
1878
1877
3,000
5,000
The above
Great
Total.
3,000
7,000
3,000
4.000
2,060
3,000
4.000
Continent.
Britain.
11.000
19,000
11.000
12.000
TotoL
6,000
10,000
18,000
4,000
17,000
29,no»
29,000
16,00O
week show that the movement from
Bombay is 4,000 bales less than same week
totals for this
the ports other than
For the whole of India, therefore, the total
last year.
shipments this week and since January 1, 1830, and for the
corresponding weeks and periods of the two previous years, aro
of
D'ys
New
of
Or-
1,B20
1.638
1,212! 2,160
Bat. 10,013
8,029
Tnes
846i
6.i:!
Wed
3,370
Tbuc 11,993
Frl.
G,387
1,262
1,651
48.864
7,497
Tot
nah,
leston,
bile.
we'k leans.
Mon
Char- Savan-
Mo-
l,04;i
1,.'578
026
693
906
i
1,998
4,152
3,233
2,416
2,063
1,761
8,091 15,626
The movement each month
Bept'mb'r
October.
Novemb'r
Deoemb'r
January
Nor-
vest'n.
lolk.
869
2,591
2.351
928
1,472
1,612
Wil-
All
ming- others.
ton.
2,571
2,830
2,087
3,107
1,841
3,057
9,826 15,543
164 1,414
91 2,115
303 1,758
110 1,615
45
119
1879.
333,643
888,492
942,272
956,464
647,140
98,491
578,533
822,493
900,119
689,610
288,818
689,264
779,237
893,664
618,727
20,967
23,230
18,058
14,386
21,994
16,603
1.
1875.
1876.
236,868
675,260
901,392
787,769
500,680
169,077
610,310
740,116
821,177
637,067
1874.
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
Pero'tage of tot. porl
72-94
71-05
76-82
71-08
7352
receipts Jan. 31
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
By adding
'678,765 b<iles more than at the same time in 1877-78.
to the above totals to Jan. 31 the daily receipts since that time, we
shall be able to reach an exact comparison of the movement for
the different years.
1878-79.
1877-78.
1876-77.
1875-76.
14,098,825 1,702,358 3,449,810 3,463,525 3,303,654 2,843,337
Peroentttse of total
1
83-25
yrtrec'pUFcb. 20.
85-77
81-30
7938
78-82
This statement shows that the receipts since Sept. 1 up to
to-night are now 393,467 bales more than they were to the same
day of the month in 1879, and 6l9,01,5 bales more than they
•were to the same day of the month iu 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
Friday, of the shipments from Calcutta, Madras, Tuticorin, Carwar, &c., enable us, in connection with our previously -received
report from Bombay, to furnish our readers with a full and
complete India movement for each week. We first give the
Bombay statement for the week and year, bringing the figures
down to February 19.
BOMBAY RECEIPTS AND SHIPMENTS FOR POUR YEARS.
Shipments this week Shipments since Jan. 1.
Receipts.
I
—
Year Great ContiBrit'n.
nent.
Great
Total. Britain
Continent.
1880 8.000 15,00023,000 34.000 53.000
1879 7.000 6,000 13,000 31.000 27.000
1878 13,000 11,000 21.000 41.000 78.000
1877
7.000' 7.000 r>n.ooo 50.000
Total.
1880^
Shipments
Europe
to all
Since
Jan. 1.
Tills
from—
week.
Bombay
All other ports.
Total.
ALI, niDIA.
1879.
This
week.
1878.
Since
Jan. 1.
23,000
3,000
87.000
17,000
13.000
7,000
26,000!
104,000
20,000
87,000
This
week.
Since
Jan. 1.
24.000
3,000
119,000
29,000
27,000
148,000
This
Week.
87,000 36,000
58,000 22.000
119.000 31.000
lOti.OOO '28.0n«l
years up to date, at
India ports.
all
—
Alexandria Receipts and Shipments. Through arrangements we have made with Messrs. Davies, Benachi & Co., of
Liverpool and Alexandria, we shall hereafter receive a weeklycable of the movements of cotton at Alexandria, Egypt. The
following are the receipts and shipments the past week and for
the corresponding weeks of the previous two years.
Alexandria, Egj-pt,
Feb. 19.
Koceipts (cantars*)—
This week
Since Sept.
1880.
1879.
70,000
3,120,000
1
This
Since
week. Sept. 1.
1878.
32,000
1,457,000
36.000
2,405.000
This
Since
week. Sept. 1,
Since
Sept. 1.
Exports (bales)-
To Liverpool
To Continent
219,500
9,275 135,032
.
5,000 120,000
2,000 54,500!
190.000
127.000
1874-75.
Tot.Jn.31 3,768,011 3.209,740 3,089,246 3,101,969 2,977,753 2,550,727
11,093
20,601
23,468
8.
36,304
28,495
Feb. 1....
" 2....
17,152
22.487
20,117
22,530
8.
19,795
" 3....
25,716
15,618
20,354
S.
28,011
23,729
" 4....
17,084
16,721
38,,564
35.541
S.
15,208
" 5....
21,174
19,076
15,582
23,999
20,000
28,732
" 6....
14,337
21,929
22,343
25,353
8.
23,378
" 7....
8.
17,146
20,332
11,289
16,653
25,634
" 8....
27,461
19,637
26,011
S.
24,175
22,806
" 9....
15,578
25,768
15,100
14,452
34,435
S.
" 10..
16,991
12,915
20,184
34,476
S,
15,700
" 11....
16,817
18,057
19,174
26,965
8.
19,055
" 12...
14,1-21
17,632
22.370
23,261
29.64
16,269
" 13...
25,.523
21,018
20,075
24,479
8.
15,019
" 14...
8.
20,967
29,598
14,800
11,948
27.614
" 15...
S,
16,652
24,471
19,886
20,474
18,0
• 16....
23,'239
12,974
S
13,249
19,536
16,948
" 17...
18,058
15,928
33.559
8.
11,673
16,081
" 18...
30,281
a.
11,581
14,380
28,820
16,235
" 19...
11,730
10,474
16,112
21,994
19,420
12,079
" 20...
19,408
16,663
14,83
9,456
18,071
8.
Total
EXPORTS TO ECROPE PROSt
This last statement affords a very interesting comparison of the
total movement ^or the week ending Feb. 19, and for the three
Tot. year.
1879-80.
as follows.
since Sept. 1 has been ae follows:
1877.
1878.
1,998
2,125
Total.
832 11,025 115,307
Year Beginning September
Monthly
BeoeiptH.
Gal-
Since
Jan. 1.
152,000
109.000
203,750
156.000
9,275 354,.532 7.000 180,500 12,000 317.000
Total Europe.
A cantar la 98 lbs.
Our readers should notice that the rooelpts at Alexandria already
inaKo the Egyptian crop In sight larger than our estimate of December
6. This Is an important fact Iu estimating supply.
*
ly
This statement shows that the receipts for the week ending
Feb. 19 were 70,000 cantars, and the shipments to all Europe
9,375 bales.
—
Manchester Market. Our report received from Manchester
to-day (Feb. 20) states that prices of both twists and shirtings
liave further advanced the past week, the quotations now being
lli@124d. for twists, 7s. 9d.@83. 9d. for shirtings; our report
further states that the market is dull.
leave previous
We
weeks' prices for comparison.
1878-79.
1879-80.
Cott'n
328 Cop.
8M lbs.
Twist.
Shirt! ugs.
d.
d.
Deo. 19 10 BWf.
" 26 10
Jauy. 2 10 alO'e
'
9. 1038® 10%
" 16,10123 ICe
" 23 10>2®1078
" 30 1012® 11
Feby. 6 11 ®113i
" 13 11i8®llS»
" 20 llH?i)\2hs
aWe
s.
d.
6
9
()
9
6
9
7
Mid.
d.
s.
®8
®8
®8
®8
d.
613l6
6 '8
32s Cop.
Twist.
d.
d.
758®3l4
7»8®8l4
6i3,a 7''8®8»8
3
7
7
7
l»a®8 41a
3 -as 6
3 ®8 6
7
7
3
6
9
7
Uplds
®8 6
®S 6
®8 9
7i,rt
7%»8i3
7ifl
7''8a8'8
7
71,6
714
7ii
73i®8ia
7-J8
71fl®838
758®8ia
814 lbs.
Shirtings.
d.
8.
d
3
•S7
3
®7 41a
®7 6
®7 6
6
6
71337
7is®7
6 ®7
6 ®7
6 a>7
4i9®7
Cott'n
Mid.
Uplds
d.
412
71s
713
6
7I3
7I9
71a
5%
5%
5%
?^«
538
5»ig
—
Gdnny Bags, Bagging, &c. Bagging is being inquired for,
and though no large transactions have been made as yet, more
businees 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
Butts have
10c. for
lbs., lOic. for 2 lbs. and 11 Jc. for 2i lbs.
been active, and the tendency is upward. Late cables from Calcutta report an excited market, and higher figures are being paid.
This brought buyers into the market here, and 8,500 bales were
taken in lots at advancing prices, and at the close the feeling is
strong, with dealers quoting 3 5- 16c. for paper quality and 8|c.
Spot lots are not in demand, bat
for spinning grades, to arrive.
H
full
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
bales against 4,930 bales last week.
Below we give our usual
table showing the exports of cotton from New York, and their
direction, for each of the last four weeks; also the total export*
and direction since Sept, 1, 1879, and in the last column the total
for the same period of the previous year.
—
..
THE (^HRONIOLE.
198
(BALKS)
BXPOBTCOF COTTON
NBW YORK
FROM
BIMCE SBFT.
1879.
Same
Week ending—
to—
Kxport«<l
1.
Jan.
Feb.
Feb.
Feb.
28.
4.
11.
18.
Total to period
date. prcvi'm
year.
[voi.
Willlam Burkitt, Bteamer (Br.), from Savannah for Roval, beforereported, was placed on the slip, Jan. 27, at Rctshaloo for repairs.
Steamer City of WasUluxton, Tlmraorman, at New York February 11
from liiiviuia, on Feb. 9, lat 32, long. 78 20, passed two bales of
cotton, apparently not long in the water.
Cotton freigUta the past week have been as follows:
1,700
2,738
4,387
5,640 203,100 174,161
4,312
6,70C
100
Satur.
GRBAT BEITAni 1,700
2,738
4,387
5,740 209,806 178,473
Liverpool, steam d. 3l8®'4
639
145
351
17,756
639
145
351
17,750
10,320
834
600
105
651
543
299
12,098
1,702
ioo
19,209
12,280
2,224
Total TO North. Europe 1,334
846
543
399
33,713 TIi435
LlTerpool.... ...^
Other Britlah ports ....
TOTJU. lO
Havre
-.
--•
10,220
100
Other French porta
Bremen and Hanover
.
Banibnrg
Other ports
Grand Total
635
3,20'6
3,200
3,660
.
3.733
.
4.930
3.729
6.400 264,481 206,888
New
Since
This
week. 'Sept. 1
from—
I
H. Orl'ans
7,461 118,449
Texas
Savannah
84,186
2,616,167,239
Mobile...
Florida -
"196
B.Car'lina
Car'liua
Virginia..
North, pts
Tenn., ac.
N
I
1,626
99
This
5,489
99,361
36,610
174,637
5.834
138,238
2,321
I
2.505
2,869
1,352
Since
Since
This
week. Sept.l. week. Sept.
Since
This
week. Sept. 1
1.
3,402
2,575
19,839
2,869
31,639
Ill 14,101
1,738
41,387
65
550
298
8,921
8,781
1,114
64,367
1,906 50,484
10,000
This year. 20.214 832,370115,517 327,391
2,020 70,627
3,700 133,921
Foreign
5,037
6
.
last year
;3,500 643,206111, 17l'206,394
462
3,318 116,803
2,580 54,311
—
Skipping News. The exports of cotton from the United
States the past week, as per latest mail returns, have reach, d
77,976 bales. So far as the Southern ports are conoorned, thfse
are the sime exports reported by telegraph, and published in
With r.-gard to New York, we
the Chronicle last Friday.
ini^lude the manifests of all vessels cleared up to Wednesday
,
week.
niffht of this
Hew
York—To Liverpool, per steamers
—
Tot.al bales.
City of
1,775
5,640
Brussels, 964....Ahya»luia, 731.... Wyoming, a,170
100
Murengo,
100
per
steamer
To Hull,
351
To Havre, per steamer France, 351
299
Malu,
299
per
steamer
To Bremen,
IOO
To Kotterdani, per steamer Maas. 100
Teutouia,
4,974
steamers
To
Liverpool,
per
New Oki.kaxs—
Chancellor, 5,500 and 40 sacks seed cotton
i:ivira, 2,418
17,525
....Enrique, 4,620
1,762
ToOrk, per bark Miunet, 1,762
Stonebark
Maria
ship
Lovise,
3,944
per
Havre,
per
To
5,608
.maii, 1,664
.501
To Rouen, per bark Conte Geza, 501
per brig Andrea, 766. 2,661
To Bremen, per steamer Sybil, 1,895
Princesa, 3()5
To Barcelona, per barks Aurora, 698
Celtic,
—
Catalina, 454
Salerno, per bark Urano, 1,400
Mobile— To Liverpool, per ship City of Brooklyn, 5,689
Chaklksto.n—To Liverpool, per ship Andrew Jackson, 3,363
Upland and 231 Sea Island
per barks Pride of Wales,
2,810 Upland .... Dona Taiesf ora, 1 ,550 Upland
To Barcelona, per brig Bulmes, 550 Upland
Savannah— To Liverpool, per barks Capcnhurat, 2,125 Upland
Wacissa, 2,870 Upland .and 30 Sea Island
To Rotterdam. i»er bark Elieser 1,.550 Upland
To Ghent, per l)ark Brodreiio, 1,410 Upland
To Barcelona, per brigs Conchita, 309 Upland
Amable
Teresa, 578 Upland
Texas— To Bremen, per bark Christlaue, 1,334
To
Wilmington—To Bremen,
1,400
5,689
7,954
550
5,025
1,550
1,440
887
1,3:J4
Total.
77,970
particulars of these shipments, arranged in our usual
form, are as follows:
The
Uverp'l
Havre
ana
and
New
York.
N. Orleans.
Mobile
5,740
17,525
5,689
Charleston .. 7,954
Bavannah . . . 5,025
T(«a8
Wilmington
'
Ctork.
6,109
Rofdam
Bre-
and Baroe-
men. Ghent,
299
100
2,661
loua.
....
1,457
2,990
550
887
1,334
2,588
Norfolk
10,450
Baltimore...
893
Boston
1,900
Philadelphia
312
Total... 55,488
Eouou
351
1,762
....
*
Salerno.
Total.
1,400
6,490
30,914
5,689
8,504
8,902
1,334
2,588
10.450
893
1,900
312
3l6®'4 'is®"*
=8®...*
58®...'
»8®---*
>a
»8'
V
*8®...'
»8«.-.'
c.
sail
Do
"8®...
Hi
"32
»8®...*
%
H
»8*
"8*
>S
c.
=8®...'
c.
I3
sail ...c.
steam
d.
d.
"is® '^3
=8®.
»8®-.-'
>3
"a
»2
=8
H
»8
..&....
...a.
't6®'532 ''l6®'532 ''l8®153j '1891532 7jg®1633
...®
®.
...®
...&...
8ail...c.
sail
»8
=8
Amst'd'm, steam. e.
Baltic,
3ie®i4
.c.
Hamburg, steam
...®...
...®...
Compressed.
—
By cable from Liverpool, we have t'le following
statement of the week's sales, stocks, &c., at that port:
Liverpool.
Feb.
Jan. 30.
week
Forwarded
American
Of which exporters took
Of which speculators took..
Total stock— Estimiited
Of which American— Estim'd
Total import of the week
Of which American
Amount
ailoat
Of which American
Feb. 13.
6.
81,000
9,000
54,000
5,000
5,000
499,000
372,000
101,000
81,000
4.000
291,000
253,000
64,000
10,000
50,000
4,000
5,000
481,000
351,000
73,000
63,000
6,000
309,000
278,000
bales.
Sales
80,000
14,000
53,000
5,000
9,000
485,000
368,000
74,000
61,000
8,000
294,000
254,000
Feb. 20.
79,000
21,000
47,000
7.000
18,000
463,000
348,000
67,000
42,000
4,000
334,000
281,000
The tone of the Liverpool market for spots and futures each day cf the
week
oek ending Feb. 20, and the daily closing prices of sjwt cotton, have
been as follows:
Saturday Monday. Tuesday. Wednes. Thursd'y
Friday.
if^Of.
Market,
12:30 P.M.
Mod.
}
J
Mod.
inq.
Firm.
Easier.
freely
supplied.
Easier.
Firmer.
7 '2
7=8
77i8
79l8
7'Jl«
7%
79l8
7>s
Mid. Upl'ds
Mid. Orl'ns.
inq.
freely
supplied.
738
71a
Market.
5 P.M.
8,000
1,000
8,000
1,000
Sales
Spec.i exp.
12,000
2,00«
15,000
2,000
8,000
1,000
Dull.
gniet.
Dull.
8.000
1,000
Putures.
Market,
5
?
P. M.
Dull.
Steady.
Steady.
\
The actual sales of futm-es at Liverpool for the same week are given
below. These sales are on the basis of Uplands, Low Middling clause,
unless otherwise stated.
Satdhday.
Delivery.
Feb
. . .
Delivery.
d.
Deliver)/.
d.
7^s:"32 Sept.-Oct
May-June
7^18
71332
Feb.-Mar
Mar.-Apr
Apr.-May
June-July
7i'i32 July -Aug
7i632®''i8 Aug. -Sept
7i",t2®'2
Oct.-Nov
7«i6®^'s2
7=8
Dec-Jan
d.
7=8
7'32
7^32
Monday.
1,4.57
per bark Maggie O'Brien, 2,588
2,583
Norfolk— To Liverpool, per ships W. A. Campbell, 5,920
Annie Goud(!y, 4,530
10,450
Balti.more— To Liverpool, per steamer Sarmatian, 893
893
Boston— To Liverpool, i>er steamers Marathon, 572
Bulgarian. 1,328
1,900
J'HiLADELPuiA—To Liverpool, per steamer Pennsylvania, 312. ..
312
Hull.
Do
=8®..."
Actual export
2.357 41,374
3.432 112,621
3.0021119,050
3,173
sail
Sales of the
Baltimore.
Philadelphia.
York.
Tues.
3l6®»4
'32
c.
Bremen, steam,
Do
York.
The F0LI.OWINO ARE THE Receipts op Cotton at New
week, and since
Boston, Philadelphia and Baltimore for the past
•
September 1. 1879:
Beoelpts
Havre, steam
Wednes. Thurs.
Mon.
•16 ®>4
Bail...d.
Do
3,660
Bpaln, Op'rto, Qlhralfr,&c
All other
Total Spain, *c
Do
Do
TOTAL FRBNCH
XIX,
—
Delivery.
Deliveri/.
Feb.-Mar.. ..7ii.i2®"ia July-Aug
7''i,i2®°i8 Aug.-Sept
Mar.-Apr
Apr.-May.. ..T^a>'^:<2 Feb
MayJune
7^Hq^^ Nov.-Dec
—
Delivery.
I
7i=.s2®''i8
1
I
76ig
Mar.-Apr
May -Juno
7Liai&32
I
June-July
Apr.-May
7
71132
7133a
77i8
7%
I
Juno-July ...7''i8®'^32
TUESDAY.
Delivery.
Feb
Delivery.
I
738®i332
I
Aug.-Sept
71332
7is®i732
7"32 Sept.-Oct
Feb.-Mar
Mar.-Apr
Apr.-May
I
7%®l3:i2
I
7
7%»li8 Nov.-Dec
I
.
71532
7^18
I
Apr.-.May
7Ti8®"3
7»a®l'';t2
Feb.-Mar
7Hii^^ Mar.-Apr
Oct.-Nov
May-June .l^'mS'^Hi Apr.-May
June-July
July-Aug
Delivery.
Sept.-Oct
Apr.-Muy
May-June
June-July
79i«
738
736
71332
77,g
7i»s2
I
Wedsesdav.
7^9
Feb.-Mar
Mar.-Apr
Dehvery.
Delivery.
Delivery.
June-July.. .7''i6®'532
713
7i''32
Aug.-Sept
71132®% July-Aug
AprU-May... 71S32®38
71832 Feb
May-June
7%
Apr.-May
May-June
July-Aug
7''i8
Oct.-Nov
718
71832
7"3a
Thursday.
738
71I33
7i'32
738®l^:i2
Mar.-Apr
Apr.-May
May-June
Delivery.
Delivery.
Delivery.
Feb
Feb.-Mar
June-July.. .7i532®''ie
7 12 S 1832
July-Aug
Aug.-Sept
Sept.-Oct
Vi^a^e Mar.-Apr
7I3
713
7^18
Apr.-May
June-July
Feb.-Mar
July-Aug
Nov.-Dec
76i8
71332
75ig
7'i8
63182
FRIDAY.
Feb.-Mar
Mar.-Apr
Apr.-May
7"i6
7932®'>ie
..7932®=18
7oi6
..
Uay-Juue
Delivery.
Dehvery.
Delivery.
•(2*%® ''.12
Sill.
Jane-July 7 ^a® "32® »§
July-Aug
Mar.-Apr
Aug.-Sept
Feb.-Mar
Apr.-M.ay
May -June
7"ie
7832
71=32
7%2
7»3.3
Aug.-Sept
T'ltT,
Feb.-Mar
Apr.-May
May -June
Nov.-Dec
7i igg
61&18
7^18
7=18
7^18
1,762
6,460 6,882 3,090 2,894 1,400 77,976
Below we give all news received to date of disasters to vessels
carrying cotton from United States ports, etc.:
Cahopus, steamer (Br.), Ilorsfall, from Boston, which arrived at LivcrFeb. 16, experienced heavy weather during the passage,
^">»
& , lost
ts, and su»tame4 «thcr damage.
aS^AB, steamer (Br.), wlucU orrived at Liverpool January 31, from New
Orleans, stranded on Fl<jH,la Reef and remained a
short time, and
Cl
I
etMsoned »bout 500 bales «stton.
BREADSTUPPS.
FRIDAY, P. M., February 20. 1880.
The
flour
market has changed very
little in
the matter of
prices during the past week, but the feeling of holders was
grades,
scarcely so firm, especially for the medium and better
—
.
.
Fkbruaiiy
THE CHRONICLE.
21, 1880.]
sell
which the demand was quite moderate. Seeing wheat
prices, receivers have not
"Hpot
"
than
more
little
at
April
for
but to reduce
only been disposed to sell promptly on arrival,
without pressing too
stocks in store as much a.s possible,
not plenty,
strongly on the maiket. Grades below $5 75 are
and rule steady. Hye flour is unsettled. Corn meal in fair
demand and firm. Buckwheat flour about steady. There was
to-day's market.
scarcely a new feature or quotable change in
slight advance
is
at
a
close
the
and
firm,
ruled
Wheat has
small,
on last Friday. Receipts at the West have continued
reduction of
the
in
made
been
has
progress
further
some
and
the visible supply in American markets. The current low
export business,
rates of ocean freights Mive stimulated the
and the regular trade has been comparatively active. The
highest prices were yesterday, when No. 2 red Winter sold at
and April,
|1 51 on the spot and $1 51^@$1 5lM for March
and No. 1 white at $1 48%@$1 49 on the spot and for FebruMilwaukee
ary, and $1 4936 for March and April No. 2
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
for
Flour
Total grain
Bariey
quiet
is
;
late
No.
sales include
Montrei\l
IMillailPlphlft
Haltiiuoio
New
6
Hinnesotii pateuts...
Clt.v whipping extras.
Southern, b.nikci's' aud
5
40
7 25
50®
65®
flour, supcrllne..
Western, &c
Braudywiiie, Ac
2
85®
....a 3 30
per
flour,
White
No. 1 white
00 Corn— West, mixed
Western No. 2
23
Western Yellow
Western White...
7 50
00 Rye
5 15 Oats— Mixed
White
3 10 Barley— Canada W.
8
And
Flour
1603 175
New
Wheat
1
.-a
a
60
93
47
®
a
47iaa>
.
At-
(196 lbs.)
34,885
33,364
(56 lbs.)
3,963
2,503
21,347
1,475
116.319 1.019,249
156.003
53,850
67,703 591,153
7,195
47,647
10,800 153,200
828.075
124,465
2,400 341,965
Total
93,282
Same time '79. 116,071
525.337 2,996,687
844,061 1,547,987
ChicaKO
MUwaukee
745
Toledo
Detroit
Cleveland
St. Louis
Peoria
16,511
21,331
17,600
134,235
108,000
Wbeat
Com
biMli.
Cats
Barley
Eye
Total grain....
1880.
1879.
663,802
773,710
5,786,764
15,219,615
2,594,851
957,718
334,178
Wbont,
bl)l».
bush.
82
®
bush.
834
12,187
1,3.50
31,160
23,000
6,370
18,470
554,812 158,577
271,621 130,967
43,738
49,482
24,893,126
1878.
763,138
1877.
576,581
420,169
21,840,886
18,808,922
12,710,455
2,3,52,431
Total receipts (crop movement) at the same ports from Aug. 1
to Feb. 14, inclusive, for four years:
_
Flour
Wheat
Com
bbls.
bush.
Oats
Barley
Rye
Total grain
....
Com,
Oats,
biwh.
buHh.
80,143
18,758
10,000
8.800
44.000
569,114 151.072
195,841 17,2.50
4,500
1,500
6it.200
111.900
437,078
1,475
1.513
Rye,
biiab.
buHh.
37,9.>0
12,03-2
4.200
3,000
1,200
30.500
41,500
13,200
32,512
4o.V,.5b6
Barley,
40
2,300
2,500
8.7u4,847
9.819,877
1,798,811
711,091
8,991,420
12,108.523
8.1S8,5.'^0
1,(318,601
1,745,035
940,107
J32.372
533,653
163.108
"233,157
1,108,357
Total grain
.
Plour,
Fpom—
New York
Cora,
bush.
WHient,
bimh.
lilila.
Oats,
Uii^h.
41l,15t
133.780
1,001
468,422
121,136
0,600
1,200
3,573
23,183
331,463
2.T<X022
Total for w'k 83.161
3;ime time '79. 109,047
951,109
1,102,737
941, 49«
l,815,0o9
53.676
23,711
Boston
Portlaud*
6,457
Rye,
bush.
12,879
Peas,
bush.
7,676
5,518
.Montreal
Philiwlelpliia.
.
BalUmore
115
146,343
6,572 12,879
24,359 189,158
13,194
30,378
Oswego
•a
2,371,678
7,504,828
1,503,950
877,893
337,106
1,027,862
201.1.55 108.824
378,550 96.370
grain at seaboard ports for the week
Duiuih
Toledo
71)
-a>
8,038,105
6,626,912
2,466,505
1,321,302
356,098
8,673,601
9.361,823
612.010
933,148
904,1,912 4,213.735
1,830,
B,172 2,735,237
73
93
®1 OO
Total receipts at same ports from Jan. 1 to Feb. 14, inclasive,
for four years:
bbU.
Kye,
biiHb.
22.356
37,581
30.492
18.395
S>0^
82
75
Duluth
Flour
weeks.
82
—
6.')
96
48 'a
bush.
(32 lbs.) (48 lbs.) (56 lbs.)
0.054
233.585 42.014
9,010
23.550 48,860
bush.
0,133,744
visible supply of grain, comprising the stocks in granary
at the principal points of aooumulalion at lake and seaboard
ports, and in transit by lake and rail, Feb. 14, was as follows
Barley,
Rye,
Cora,
Oiits,
Wheat,
bush.
bush.
bush.
bush.
bush.
In Store at
622.304 374,734 .544.463 229.005^
5,913.997
New Yoi'k
9,900.
435,000 121,000 581,000
893,000
Do. afloat (est.)
54.300«
91,000 271.000
37.000
1,000
Albany
57,13*
17,555 271.511
73.1,208 1,188.036
Buftalo
8,619.740 4,939.501 1,126,673 685,954 252,0<)*
Uiicaeo
157,040 1,394.132
Do
afloat....
50,066 607,443 103,Qjl^
77,025
4,9S,S,100
Milwaukee
40 ®143
42 •SI 49
®1 do's
1 50
1 42 ®149
1 48 ®1 481-2
57 a. 61
60 S> 61
1
:
bush.
13,163,309
21,338,036
11,710,703
13,331,976
2X851.323
Exports from United States seaboard ports and from Montreal
for week ending Feb, 14:
York Produce Exchange Weekly.")
bush.
(60 lbs.)
9,9.59,9«7
4,239,(a2
11,060,258
2,133,999
707,170
128,037
bush.
Com
Receipts of flour and grain at Western lake and river ports
for the week ending Feb. 14, 1880
Rye,
Oats, Barley,
Com,
Flour,
Wheat,
bbls.
112,052
9,7.')5,459
FIoHr,
The
270,1100
1.311,076
1 .700.750
880,000
915,992
147,256
336,908
143,181
Detroit
("ist.).
Louis
Bost<m
Toronto
Montreal
St.
(From the "
4.59.057
151,493
107.152 257,434 1.757.533 261,139 82.852 18.0.52
250,132 1,726,006 2.503,975 355,730 75,942 51,206
from Jan. 1 to Feb. 14, inclusive, for four years:
1879.
1878.
1877.
1880.
1,131,036
1,111,391
1,177,541
807.904
bbls.
Oata
Barley
Kye..
®1 37
35
State, 4-rowed...
State, 2-rowed
Peas— Cau'd^-b &t.
.
0.'55,401
week
week '79
Cor.
1
Amber winter...
Rod winter. No. 2
».'57,500
450.037
233,590
3,000 bushels barley.
^ bu.$l
.
6
6
Corn meal—
Buckwheat
100 lbs
7 15
75e
15a
4 35®
faniil}' brands
South'u ship's extras.
Rye
5 40
5 85
Orleans
Total
GRAIN.
No. 3 spring,
No. 2 sprinfi
1,0.52,226
1,28.5,422
45.311
19,7S7
1,200
4,814
12,380
8.177
15,453
BoHton
Portland
closing quotations:
Wheat-
3,552,903
1,595,020
002.028
187,090
14:
At—
Now York
48M@48j6c. for white and 48@48Mc. for mixed.
4 63
0.942,412
4,130,519
3,10«,713
4,2.50.510
Receipts of flour and
ended Feb.
j
FLOOR.
$bbl. $100®
No. 2
BaperSne State aud
5 00®
western
Sprbic wheat extras.. 5 503'
00»
XXX...
do XX and
Winter 8hii>i>'K extras. 5 90®
503
6
do XX aud XXX...
1877.
538.555
1,309.115
4 weeks '79.. 5 18.622
at 54®55c. Oats have been variable, but close .somewhat
firmer, especially for mixed No. 2 mixed sold for April, early
To-day the market was dull, yesterday's
in the week, at 56Mcprices not being fully supported, with No. 2 graded closing at
The following are
1878.
736,208
1,441,.')89
Total, 4 w'lis.280,450
week
in the grain sold early in the
1879.
77»,'I38
Rail and lake shipments from same ports for the last four
Wheat,
Corn,
Flour,
o»u.
Barlfly,
Week
))iiith.
biiHh.
libU.
bu*b.
boHb.
eiidiug—
0H,5:;o
284,307 1, 4 1S.077 176.513
n6.»14
I'd). 14
133, SOU 1.0HO,26.-.
130,-)73
4:!.8.-.4
55,735
Fell. 7
<;."), :i.',2
220,i)00 l,()l>l,;i.'>2
IHl.R'.IS
70,009
Jan. 31
25r.,229
651,041
149,720
86,176
55,539
Jan. 24
and prices were slightly easier.
Rye has been dull, but 20,000 bushels prime State sold yes-
Buckwheat
....
1880.
453,355
(1.230,228
Kye
quieter,
at 95c.
1)UKb.
Barley
with sales yesterday at 61@62^c. in store and afloat, 57?ic. for
March, 55@55Mc. for April and 54c. for May. Supplies coming
forward do not exhibit the marked increase over last year
which has been noticed for some weeks past, and the regular
demand has become much more active. To-day however, trade
Canada
bbl«.
Wheat
unsettled feeling.
Indian corn has been doing better, especially for the prime
grade of No. 2 mixed, both on the spot and for future delivery,
terday at 95c.
199
i)oni
Oatii
;
was
:
Philatlelphia
Peoria
Indianapolis
Kansas City
BalUmore
Rail sblpmeuts..
501.072
6.357
161.900
741.271
683.741
284,307
175,000
908,135
8,370
210.000
1.280
130,978
32,500
139,971
97,079
27.696
I.SOO
209,573
109,893
11,408
130,321
36.000
4,789
525,000
72,829
5,3a3
\400
1*2,789
5,662
2,756
36,510
29.'247
145,853
8.839
164,590
172,900
141,912
10,414
37,600
5,700
12,587
176,513
96,4ji»
22,356
28,889,896 14,817,756 3,018,733 3.89^.025
902,674
.394,646
250,700
204,907
136,274
1,418,077
3,264
Lake shipments..
Total
Feb. 7, 'SO
Jan. 31, '80
Jan. 24. '80
Jan. 17, '80
Feb. 15, '79
29,.593,726 14,282,836 3.328,269 4,250.946 1,075,924
.
....
30,089,871
30,809,160
31,023,306
20,736,750
13,000,353
12,129,048
11,927,167
10,351,246
3,079,306 4,154,538 978,662
3,122.319 4.ai4.485 979.367
3,317,942 4.403,114 1,068, ll'i
2,346,904 4,300,391 1,353,361
The Albany Argus gives the following oowrected statement
of the quantity of grain on rail and iu store at New York,
Buffalo, Chicago, Milwaukee, Toledo, Detroit, &c., in compartin 1879
son with the figures
"
:
1879,
1880,
bush.
Wheat.-
Com
Oats
Rye
Barley
Totals
.'
Week ending
Week ending.
Week ending
Feb. 7.
30,017,300
13,665,600
2,932,300
Jan. 31.
Feb.
8.
922,500
3,980,900
30,513,500
13,060,400
3,079,400
979,700
4,174,600
20.988,900
10,831,900
8,346,000
1,321,300
4,541,200
51,518,600
51,807,600
40,029,300
THE DRY GOODS TRADE.
Friday, P. M., Febmary 20, 1880.
1879-80.
2,990,627
1878-79.
3,598.066
1877-78.
3,535,532
1876-77.
5,219,753
The market for dry goods has shown only a moderate degree
68,171,194
59.721,245
17,018.285
8,824,602
3,286,166
64,767,465
49,429,218
19,213,411
8,069,638
1,376,512
51.523.396
41,710,528
14,878,062
7,810,162
2,382,915
31,766.091
46.214,729
12,593,737
7,347,743
2,114,590
There was a oontinued lull in the
of activity the past week.
demand for cotton goods and prints at first hands, but leading
makes of woolen goods were in steady request, while a fairlysatisfactory movement was in progress in dress goods, ginghams,
157,021,492
142,850,244
118,311,003
100,024,490
Comparative shipments of flour and grain from the same
ports from Jan. 1 to Feb. 14, inclusive, for four years:
lawns, hosiery and underwear. Prices of all cotton, woolea
and mixed fabrics are very firmly maintained, and stocks are
more imif onoly light than
at
any time
since the
War.
Th«
—
—
.
THE CHRONKJLE.
200
[Vol.
XXX.
Receipts of Leading Articles ot Domestic Produce.
The following table, based upon daily reports made to the
&c., New York Produce Exchange, shows the receipts of leading
retailers, a large distribution of domestics, prints, hosiery,
articles of domastic produce in New York for the week ending
waa made in package lots by some of the leading firms.
with Tuesday last (corresponding with the week for exports)
during
goods,
cotton
exports
of
The
Goods.—
Cowon
Domestic
also the receipts from January 1, 1880, to that day, and for the
the week ending February 17, from this port were 2,083 packbusiness
jobbing trade has been somewhat irregular, and while
was relatively qniet with hoases who chiefly supply small
ages, of which 1,612 were shipped to Great Britain, 124 to U. S.
of Colombia, 101 to Brazil, 60 to Venezuela, 47 to Hayti, 44 to
West
British
and the remainder,
Indies,
corresponding period in 1879:
Week ending
in small lots, to other
Since Jan.
1880.
Feb. 17.
There was a steady though less active demand for
Asbcs
all kinds of plain, colored and fancy cottons at first hands, and Beans
Breadstuffs-former
of
execution
in
agents
were
made
deliveries
by
liberal
Flour, wheat
Prices remained very firm but without material
orders.
Corn meal
Wheat
change. Print cloths were in steady demand, and strong at
Rye
Com
5 j^c. for 64x64s and 5c. for 56x60s, with no pressure to sell even
Oats
at these figures. For ordinary prints there was a comparaBarley and malt
I'cas
and
prints
tively light inquiry, but prices ruled firm. Wide
Same time
1
last year.
countries.
other printed cotton fabrics, such as lawns, jaconets, tissues
and piques, were in good request, and Cocheco lawns were
further advanced to 12^c.
and
Ginghams were
more
cotton dress goods were decidedly
in
steady demand,
Pkga.
1879.
Value.
Pkgs.
1880.
Value.
Pkgs.
416,892
409,038
612,208
282,661
129,974
1,286
1,698
1,068
2,314
Value.
Wool
1,118
1,52
OoUon
Silk
780
Flax
UiaceUaucoiu
Total
1.285
1,310
467,703
474,903
516,368
290,717
190,376
890
1,321
874
1,493
574
6.015 1,979,567
5,135 1,850,773 7,178 2,442,191
INTO THE MARKKT nnn"
SAME PERIOD.
„
WrTHDBAWN
FBOM WAKKUOUSE AND TUROWN
I
.
812
532,491
544,261
697,697
456,940
210,802
INO
THE
.
Kanofaotures of—
Wool
380
252
159
489
Cotton
8Uk
Flax
Miscellaneous
1,747
Total
Sat'dforconsompt.
Total on market
. .
3,027 510,826
6,015 1,979,567
338
301
104
429
5,214
135,792
91,871
96,735
82,064
06,494
6,386 472,946
5,155 1,850,773
9,042 2,520,393 11..541 2,323.719
388
337
179
370
3,235
1«S,869
91,228
174,199
94,299
56,723
4,559 575,318
7,178 2,442,191
1,737 3,0 17,-09
BNTKRBD FOR WAREIlOUaK DDRINO SAME FEKI01.7
Kanuraciurea uf—
Wool
Cotton
Bilk
Flax
Hisoell^eons
,
Total
Bnt'd for consompt.
Total at the port...
60S
263
113
797
566
241,242
74,349
79,391
154,296
58,631
2,352 607,959
6,015 1,979.567
8.367 2.587,526
284
200
61
235
2,879
121.578
51,435
54,182
42,513
35,224
304,932
6,155 1,850,773
3,«5!1
8,814 2,155,705
239
293
86
650
1,409
2,677 426,535
7,178 2,442,191
9,855 !,868,726
15,024
bbls.
48,644
2,197
114,048
13,618
529,416
150,326
100,988
15,916
21,267
481
55
5,676
1,427
1,433
546,923
11.300
1,356,804
61,197
2,»20,45O
1,191,044
689,537
68,653
217,815
4,600
2,936
39,793
22,372
9,181
2,908
637,943
21,297
4,420,718
101,754
3,300,398
bush.
bush.
bush.
bales.
bbls.
,
915,820
681,503
72,184
173.322
3,263
477,710
11,182
bbls.
1,551
31,592
47,343
bbls,
Tiu'peutine, spirits... bbls.
Rosiu
bbls.
Tar
bbls.
Pitch
bbls.
50
394
180
1,306
8,262
12,928
46,136
2,888
4,996
31,284
3,264
bags.
bags.
No.
bales.
bales.
sides.
pigs.
Leather
Lead
Molasses
Molasses
404
6-4,455
hhds.
Naval Stores—
Turpcutine, crude
Oilcake
Oil, lard
Oil, whale
333
50
246
287
pkgs.
10,807
78,670
bbls.
338
1,063
49,432
3,169
.bush.
4,456
20,600
17,i63
pkgs.
pkgs.
pkgs.
pkgs.
pkgs.
1,482
46,020
19,509
8,815
bbls.
14,2.'3
11,818
6,192
268,558
142.600
82,153
45,999
63,495
15,828
22,672
13,697
9,723
2,133
45,310
6,862
330,056
174,953
139,208
21,604
179,631
6,126
39,482
5,207
10,447
5,368
galls.
Peanuts
Pi-o visions-
Pork
Beef
Cutnieats
Butter
Cheese
Eggs
Lard
Lard
tcs.
410
& bbls.
15,369
2,681
3,403
2,715
kegs.
Hogs, di-essed
Rico
No.
pkgs.
Spelter
Stearino
slabs.
486
14
47
pkgs.
Sugar
Sugar
Tallow
Tobacco
Tobacco
Whiskey
Wool
bbls.
hhds.
pkgs.
boxes
2,199
3,850
& cases.
hhds.
1,.'>75
bbls.
bales.
7,381
247
>»
53
632
6,165
13,903
20,773
6,370
44,548
4,421
17,347
19,492
14,362
3,03*
49,474
8,301
Exports ot L.cadlns Articles of Domestic Produce.
The following table, based upon Custom Horse returns, shows
the exports from New York of all leading articles of domestic
produce for the week ending with Tuesday last; also the exports
from the Ist of Jaauary, 1880, to the same day, and for the corre.sponding period in 1579:
Week ending
Feb. 17.
Ashes, pots
Ashes, pearls
Beeswax
Breadstuff's—
Flour, wheat
Flour, rye
Corn meal
298
7,250
5,759
bbls.
bbls.
bble.
84,597
530,823
561
15.336
394.773
663
23,084
4,763.496
475.303
23,979
1,217
90.876
3,968,66&
8,777
10,981
bush.
bush.
Spli'its
1,297
556,271
12,879
2,7o7
230
bush
bush.
pkgs.
tons
bales.
pkgs.
bales,
bales.
Naval Stores—
Cnide turpentine
turpentine
Kosin
Pitch
Oilcake
Oils-
Whale
Sperm
Lard
Linseed
Petroleum
last year.
1,302
bush
Hups
Same time
lbs.
bltls.
bush.
Hay
1
98
10
Oats
Barley
Peas
Candles
Coal
Cottou
Domestics
Since Jan.
1880.
30
bbls.
Wheat
Rye
7,291
525,539
1,549
1,860
5,786
2,083
1,892
3,53.j,794
273.322
17,384
72,188
47,972
2,884,184
7,783
9,741
26,545
13,621
12,011
1,719
197
578
7,735
27,217
249
106
72,226
owt.
gals
20,983
6.132
13,821
•
8,276
7,o36
792
gals.
4,413,700
bbls.
4,333
1,429
1.5,6
13,116,974
555,752
412,103
5,362,3( 2
174
1,138,647
1,742
1,404
205,240
5,070
1.80»
22,862
8l»
700
714
80»
281,983
228,467
40,348
53,o73
3,113
43,001,032
14,161
23,521
136,751
1,348
13,065,905
ga
gals
45,94ft
100
bbls,
bbls,
bbls.
bbls.
bbls.
gals.
42.
Provisions
Pork
Beef
Beef
Cutmoitts
94,014
68,586
85,442
151,377
27,116
7,238
7,235
2,514
47,038
32,526
16,789
13,821
570,837
349,384
Pal-
166,075
71,970
148.088
103,340
50,753
792
1,317
brah
oil
Com
Mauufactiirea of
bbls
bbls,
Hops
—
531
bush.
bush.
Hides
active.
Domestic Wooles 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
bine 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 satisfactory, 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
demand for foreign fabrics at first hands. Staple dress goods
were not very active, but considerable transactions were reported in fancy fabrics of British and Continental manufacture.
Dress silks were more sought for, and there was a fair movement in both plain and fancy silks. Housekeeping linens were
in steady demand, and firm at the late advance, and a fair inquiry for fancy white goods, embroideries and laces was reported. Woolen goods for men's wear have received more attention, and some makes are being more freely imported, owing
to the prevailing high prices for competing domestic
fabrics.
Hosiery continued in good demand, and there was a brisk movement in Lisle- thread gloves.
Importations of Drjr Goods.
The 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:
BMTERED FOB CONSDMITION FOR THE WEEK ENDISG FEB. 19,
1880.
1878.
Cotton
Cotton seed
Flax seed
Grass seed
Hides
90
i)bla.
Butter
Cheese
Lard
Rice
bbls
tierces.
lbs.
lbs.
lbs
lbs.
bbls.
U)B.
Tallow
hhdx.
Tobacco, leaf
bales and cases.
Tobacco
Tobacco.mauufactuied. lbs.
Whalebone
lbs.
20,785
6,804
9,908
74.212,219
3.281,7..4
9,703,913
28,78»,236
1,667
7,355,306
10.866
7,8,37
1,042,738
26,497
31,170
6,584
6,978
117.483,034
4.621.93&
13,490,810
45,. 37.898
2,842
11,217,269
5,971
5,541
1,004,906
:
I
FEnnuAiiY
THE CHRONICLE
31, 1880.]
Financial.
Financial.
UNION TRUST
^m
NEW
OF
^H
.Ffiiuncial.
CO.
YORK,
No. T8 Broadway, Cor. Rector
St.
Hilmers,McGowan & Co
BROKERS IN
Co., FOREIGN EXCHANCiE,
&
Sand, Hamilton
BANKERS AND BROKERS,
.
$1,000,000.
^CAPITAL, - .
2 Nauan Street, New York.
^^BAS SPECIAL FACILITIES FOR AOTINQ AS STOCKS AND BONDS BOUGHT AND OLD ON
^^
^^n'raiiitfcr
^B
^^r
Agent and
COMMISSION.
KcgiMtrar of Stocki.
tor.
Guardian, Receiver, or Trustee, and
I.ECAI.
a
la
DEFOSITOUY FOR mONEV.
B—
KOWAKl) KINO,
TO Broadway
Sahuki. WlLLITS,
M. MoL«A»,
AtreusTus scujcll,
B. B. Wesley,
e. O. Williams.
Wm. Wmitkwright,
Gko. Cabot
C. U.
Ward
Wood.
A. O. KON.lIiDSON. Secretary.
Alex. MoCae,
Chiis. B. Marvin. A A. Low.
John P. Kolfe.
Thomas Sullivan. Abni. U. Baylis. Henry K.Sheldon
£E. Picrrepont. Dan'IChauncey, Joiin T.Martin,
ex, M. White. Joslah (). Low. Kipley Hopes,
Austin Corbln. Edmund W. Oorlies.
WM. K. BLINKER. Secretary.
Geo. H. Prentiss,
BROAD STREET, NEW YORK.
F. Zebley,
BA
GAS SECURITIES,
.VJJD
BONDS
COK. OF
i\
WALL
K
R
E
S ,
AND BROADWAY
STKBEIT
Newr York.
Transact a General Banking Business, Inclndlns
the purchase and sale ot STOCKS and BONDS for
ash or on margin.
Bur and
Inrentmcnt Securities.
BOX 8.647.
Sell
P. O.
YORK,
ST.,
(DUEXKL liLTIl.DING.)
Dea'er In Inveatnicnt SeourltleH.
Orders executed at the Stock and Mining E-xchanges.
AM. KIDDER.
Wa''*'^""TBA«B.
B.
II. J.
MOHSI.
Blakeslee,
F.
BOND ANB .STOCK BKOKKR,
Special attention given to Defaulted Railroad aqd
Municipal Securities of Illinois, Kansai, Missouri,
Iowa, and Nebraska.
Correspondence solicited and full information
given on all classes of bonds and stocks.
MAIN STREET
333
{Unj.S BLOCK).
HARTFORD,
CONN.
nvestment orders
Special attention paid to
ov
miscellaneous Stoclca and Bonds.
&
H. H. Hollister
Co.,
BANKERS AND BROKERS,
YOKK AND BALIimoRE.
NETT
WALBTON
H.
BBOWW.
NEW YORK
BANKERS,
New Sireet.
H. HOLLISTER,
b. Holmes,
Members of New
II. H.
s. H.
Hollister,
Dunan,
York Stock Exchange.
WM. F. OWENS.
Member. N.
11 Pine Street, Neiv York.
BALTIMORE HOUSE:
21 South Sireet.
HOUSE:
rBKD. A. BBOWV.
WalstonH. Brown &Bro.
Stocks, Governments and Miscellaneous Securities
bought and sold on commission.
'H.
AND
Jr.,
NEW
BROAD
5
Robert
STREET RAILROAD STOCKS
CA^ Co.
New York
St.,
BANKER AND BROKER,
43
GAS STOCKS
SPECIAL ATTENTION GIVEN
TION OK
Tf)
THE NKOOTIA
RAILROAD SECURITIES.
Geo. a. Mercer.
Y. Stock Exchange.
&
H. Latham
Co.,
AND ALL KINDS OP
Owens & Mercer,
BROOKLY]V SECURITIES,
BANKERS
FOREIGN FXCH'NGR
AND COMMISSION STOCK BROKERS,
UniledStates Clilcago. Cincinnati. St.
I onlM, District of Ci.lunibia U-nda,
AND OTHElt
DE.VLT
Exchanse Court
IN.
SEE GAS QUOTATIONS IN THIS PAPER.
New
York,
New England & Western
UNION BUILDI.VO, CHICAGO.
CAPITAI. STOCK, - $200,000.
Offers to Investors carefully-selected securities,
bearing from 6 to M per cent Interest. Investment
securities bought and sold on commission. Settlements made for holders of defaulted securities.
Will act as agents in funding and reorganizing debts
of municipalities, railroad companies, and other
corporations. Corresp«)ndenco solicited.
John C. Siiokt. President,
) „„„
v„>i,
Gkouge W. DEnEvoiSE. V. Pros., s "^" lom.
Li'cins L. HtniiiAKii. Asst. Vlce-Pres., Boston.
m. p. Watso.n. Sec. and Treas., Chicago.
W
D. Probst 8rCo.7^
STOCK AND BOND BROKERS,
J.
No. 68
NEW YORK,
No. 145
BROADTTAY,
CITY RAILROAD STOCKS & B0N1)»>
BOUGHT AND SOLD.
Dodge, Potter
Co.,
International
Bank
London,
or
BANKERS
Co.,
PERBT.
Y. Stock ExchanEC.
ANTHONY, rOOR & 01,1 HANT,
BANKERS AND BKOKEKH.
Hambnre and
No. 10 Broad Street, New York,
IN EUKOPK.
And 83 DcX'onsliIre S-roct, Botiton.
BERENBERG,
GOSSLER
<!<>
&
JOHN
Bi'Y AND Sell ON Co.mmission all Skcdkitiks
HOUSE
CUHltENT at TUE NEW YOUK STOCK EXCUANtiB.
Allow Interest ON Deposits, makk Advances
ON Approved Collateral.
HAMBURG
A*, t/^.
Kimball
c5" Co.,
Buttrick
BANKERS and BROKERS BANKERS
Exchange
Co
4
New
York,
altars ntemierskif in V. Y. Stuck Exckangt.
Buy and
trt.
Sell oh Commission, /or Cash^ om ov
Slocks, Bonds, and all Investment
Sieurities, in tats to mil,
7c'ames M. Drake
AND
22
&
Co.
DREX£L BUILDDIO,
Wall St,, New York,
BUY and SELL RAILROAD STOCKS and BONDS.
U. S. GOVERNMENT, STATE. CITY, and all other
Negotiable Securities, ON COMMISSION.
Mr. J. M. Drake has been a member of the New
York Stock Exchange since lS.'ia. and will give personal attention to alt business entrusted to the drm.
Coleman Benedict & Co.
COTTON COMMISSION MERCHANTS.
34 PINE STREET,
Coleman Bknedict,
Jas. McGovkrn,
Mem ber N. Y. Stock, and MininK £xcbanKes.
Sc
Elliman,
AND BROKERS,
No. 2 Nassau street.
New York.
BONDS, STOCKS and INVESTMENT SECIIUITIES
BOUGHT AND SOLD ON
Margin,
Stocks, RaHroad Bond.s. Governments, iind all Securities dealt In at the New York Stock l£xc>>iankre
bouK'itand sold for investment or carried on murKin. strictly on coiumlaslon.
Ne\» ITork.
F. VV.
Anthony. Member N.
Henry W. Pooh.
(Lilmlted.)
AND
'
H. LATBAH.
Jas. L.
CO.VI.MIS8ION.
Member of thoN.Y. ^stocll Excb'ire,
Wm. Elliman, Memberof the N. Y. Mining Exoh'se,
C. A. BtTTTRiCK,
Kimball, Howell
C,
n. Kimball,
J. p.
Howell,
Members N.
68
^j.
Co.,
6c
p. Bendirson,
Y. Stock Exchange.
BROADTTAY AND
19
l-.W ST.,
HOT, Sell and Casrt on Margins
All Securities dealt In at tile
thu paper.
&
SIvC RITIES,
WILLIAM STREET.
.52
J.
IN
Jas. H. OLiPHANT. Mcniber N. Y. Mining Exch'go
STOCK AND BOND BROKERS,
9t BROADW^AY, NBXT %'OHK.
*
BROKERS
i:«VESTnE!^T
OOEBKSI'ONOKNTS Or
21
NEW YORK.
Quotations of City Railroads In
&
GOSSLER
BANKERS,
H. L. Grant,
J.
BOSTON.
70 State Street
Pearl Street.
KXCHANGE PLACE, NEW YORK.
Stocks, Railroad Bonds, Governments, and
mi8cellaneoc8 skcdrities, bocoht and sold
".ie
We
CO.,
NOS. SI AJJD 33 PINE ST., NEW YORK,
No. 10 CONGRESS STREET, BOSTON,
auti 52 Broadwajr,
Interest allowed on doiioslts. to be drawn at will.
Also. Contracts made and curried In New York
issue a Dally
Cotton ond Produce E.\cli:tiiKes.
Letter which will be sent on application.
134
INVESTMENT
^
John
Is
EdqAR M. CullKN. Counsel.
TIIU8TKKS
Wm. n. Kendall, Henry Sanger,
24
Now
tW
& Clinton sts., Brooklyn, N. Y.
authorliort by special charter to
»ct ua receiver, trustee, guardian, executor, or admlQlstnitor.
It can act as uffent In the sale or management of
real estate, collect interest or dividends, receive
reKlstry and tnmsfor books, or make purchase and
loJe of Govern inctit and other securities.
Ueligious and charitable institutions, and persons
unaccustomed to the lriin»:ictlon of business, will
And this Companv a safe and (Minvenient depository
Kll'l.KV ItoPKS, I'resldent.
for money.
CIIAS. K. MAUVIN, Vloe-Pres't.
This Company
15
STOCKS, BONUS and UOLU Bought and Sold oa
Commission, and carried on .Margins.
Deposits Received and inteicst Allowed.
Accounts of Country Banks and Bankers T«
celved on favorable terms.
The Brooklyn Trust Co.
Cor.of MontaKae
&
Transact a General Banliing Uuslnesa.
KXECUTIVB COMMITTKK.
J.
Francis,
BANKERS AND BROKERS,
Prestttent.
M. McLkaw, 1«( Vice-Pt-esUtent.
3. 11. OOILVIE, !W Vice President.
J.
et.
&
Trask.
Intereat allowed on Deposits, which may be made
and withdrawn at any time.
Checks on tills Institution pass through the
N.
Clearlng-Honso.
(P. O. Box 2.W7.)
Special attention paid to the nrgotlatton of Commercial Bills.
Also e»ecute orders for Mlnlnif
Stocks at the San Kranci.iai Hti>ck Exchange, tbrougb
their Correspondents Messrs. Kk.nnisy ii DYKH.
COMMERCIAL PAPER NEGOTIATED.
to act as Kxecutor, Adralnlatra-
AathorUed bT law
New York.
63 WTall Street,
S.
C.
•
xehans«
WALCOIT &
to.,
BANK BRS.
No. 29 •road street,
Transnct a General Banking Buslne>s, buy and
on comn>lsslon
all
Yoric. Philadelphia
securities dealt in at the
sell
Xew
and Boston Stock Kxchangee,
either for cash or on margin. Special attention giveu
to Mining Stocks.
Jos. C. Walcott.'
Frank I'". Dickixsox, *
MembersN.Y. Stock and Mining BxchiiuKaa. .
C
:
:
:
:
THE (CHRONICLE.
n
Insurance.
Inituraiice.
The United
E.
OFFICE
Comp'y,
JAUE8
BUELIi, President.
it.
.
.
Should the d ath of the Insured take place during
the continued term of Insurance as provided for
above, the full face of the Policy will bo pald-no
deduction beinK made for foreborne or unpaid
premiums, exceptinK In the event of the death
occurring within three years after the original
,
.
.
Mutual
Insurance
Insurance
New York,
Co.
Total amount of Marine Pre-
miums
TESTIBLE
FRAUD.
FOR ANY CAUSE, EXCEPTING
Policies
Premiums marked
will,
upon
application, send Circu-
OIHce of Middle Dej»rtment, Boreel Bulldliut
No. 117 Broadway, N. V., Henry W. Baldwin, Supt.
off
3,875,101 26
ORIENT
1,524,331 04
Returns of Premiums and Expenses
NRW YORK,
28th Jni.u
iiy,
iiffiiira
1880.
of this
Its Cliiirter
Premiums unearned 3l8t Decem1878
Jfet premlum.s received durlnK
the year ending 3l3t Dec, 1879
$113,571
'J3
802,271 22
Total premiums
$915,812 45
Earned premiums of the year
losses and expenses
Se-lnsurance and return pre-
$771 ,077 35
393,686 83
199,39830
EuJuras
ASSETS,
$70,46732
260,000 00
78,142 00
United States stock
Stocksof Corporations
Kealestate
350,029 18
Subscription notes, bills receivable and uncollected premiums.
Suspense account and accrued in-
CASH CAPITAL
Cash
NetSundus
That six
cent interest on the
outstanding Certificates of Profits be paid to the
holders thereof, or their legal representatives,
on or after 1st March next.
By order of the Board,
CHARLES IRVING, Secretaiy.
Fifty per ceat of tbe Outstanding
Certificates of the issue ef 1876, wUl be
redeemed and paid to the holders thereof, or
their legal representatives, on and after Tuesday, the 3d of February next, from which date
interest on the amount so redeemable will
cease. The certificates to be produced at the
time of pa}-mont, and canceled to the extent
CHAS.
J.
H.
A
F.S.WINSTON, PRESIDENT
ssucs EVERY APPROVED DESCRIPTIONO
AND ENDOWMENT POLICIE
)NTERMS AS FAVORABLE AS THOSE 01
ANY OTHER COMPANY.
ORGANIZED APRIL IZt.H 1842.
.IFE
;ashmtsoyer$8o,ooo,ooc
Stcaiu§iii|>».
ONLY
Direct Line to France.
Mail Steamships,
BSTWMH
T
UV ST SKS
.
Oeorge Hotle,
Benry DeB, Roath,
B. H. R. Lyman,
Alexander Hamilton,
Constantin MeceiaB,
Carl L, Recknagel.
VJaaty R. Rundhardt,
H«£^ Aachincloas,
Lvncnce Wells,
W.
Vnnda Oordon Brown,
H.
WniUm Pohlmann,
Alex. H. Lawrence,
John
D. Dix,
Charles Mnniinger,
F. Cary, Jr.,
Carl Victor,
Ramsey Crooks,
Arthur B. Graves,
L. Chas. Kedanld,
Chas. F. Zimmermans,
Theodore Fachiri,
C. L. F. Rose,
Walter Watson,
Wm.
Enetto G. Fabbrl,
Benry E. Spngae,
Gastav Schwab,
George H. Morgan,
JFohn Welsh, Jr.*
Francis B. Arnold,
Georges. Scott.
l«wli Morris,
S.
Wilson,
EUGEITE DUTILH. President
ALFRED OGDEN, Vice-Presldent.
CHARLES IRVING, Socretary.
ANTON UETZ, AHiet«at SeCNtMT.
YORK. AND HAVRB.
Horace Gray,
EdmimdW.
Corlics,
John Elliott,
Alexander V. Blake,
Robert B. Mintum,
Charles H. Marshall,
A. A. Raven,
Oeorge W. Lane,
D. Morgan,
Robert L. Stuart,
Wm.
James G. De
Sturgis,
Adolph Lemoyne,
Beiuamin H. Field,
Josiah O. Low,
William E. Dodge,
Royal Phelps,
Thomas F. Youugs,
C. A. Hand,
John D. Hewlett,
William H. Webb,
Chailea P. Burdott,
J.
Edwin
Frederick Chatmcey,
Charles D. Leverich,
William Bryce,
William H. Fogg,
Peter V. King,
Thomas B, Coddington,
Horace K. Thurber,
William Degroot,
Henry Collins,
John L, Riker.
CHARLES DENNIS, Vioo-President.
W. H, H. MOORE, 2d Vice-President.
BAYBN, 3d
:
;
"
Return tickets at Tory reduced rates, avaUable for
twelve months.
For passage and freight apply to
liOriS
Forest,
D. JONES, President.
A. A.
vorite route f»r th
vessels on this
Continent—cabins provided with electric bel»— wlU
River, foot of
42
North
No.
(new)
Pier
from
sail
Morton street, as follows
,„ ^ „
,. o -.n .
«
.Wed.,March3
10 A.M.
LABU.\DOR. Sanglier
Wed., March 17,9 A.M.
AMKUICJUK. B. Joncia
A.
M.
Wed..
March
81,
9
FRANCE, Trudelle
PlllCE OF PASSAGE, (including wine;
To Havre— First cabin, »100 and »80 second cabin.
Steerage, |2«, Includini? wine, bedding and
$65.
The splendid
i)er
James Low,
David Lane,
Gordon W. Bnrnham,
demand.
PUlNCECOMM
OF NEW YORK,
HBW
TBi;STEES:
Le^wis Curtis,
Secretary.
FIVE PER-CENT has been de-
UIUALLIF
H. CHAPMl^N, Secretary.
Charles H. Russell,
WASHRURN,
The General Trans- Atlantic Companf 's
JJy order of the Board,
D. Jones,
Charles Dennis,
W. H. H. Moore,
H
inARTIN, President.
J.
Dividend of
clared, payable on
A
DlTldend (t Fortjr per cent is declared on the net earned premiums of the Companj', for the year ending 31st December, 1879,
for which certificates will be issued on and after
Tuesday, the 4th of May next.
J.
6,507 38
$0,410,888
v»mm:
ing certificates of profits will bo paid to the
holders thereof, or their legal representatives,
on and after Tuesday, the 3d of February next.
day
poli-
Total
1,522,826 35
231,455 16
$1,197,185 15
this
OF ASSETS
cies Issued at this office
8,144 45
Total amount of assets
The Board of Trustees have
80
the United States, available for the PAYof LOSSES by FIRK and for the protection of Pollcy-Holders of FIKE INSURANCE
Cash In Banks
»2S3,299 2B
Bonds and mortifage.s. beinp first lien on
real estate (worth H.171.400)
1.886,653 00
United States stocks (market value)
S.184,ll!5 00
200,702 50
Bank stocks (market value)
Stuteand municipal b'ds (market value) 237,859 50
Loans on stocks, payable on demjind
418.670 00
(market value of securities $543,592;..
Interest due on 1st January. 1880
54.870 66
154.114 87
Balance In hands of agents
54,125 tfl
Real estate
Amount of Assets
$12,437,739 51
Six per cent latcrest on the outstand-
J.
81
in
Total
.
00
00
$6,410,988 11
Re-
Bank
in
$3,000,000
1,841,438
218,704
1,320,785
Reserve for Reinsurance
Reserve for Unpaid Losses
Premiums due and uncollected on
and
ceivable
430,102 20
terest
Ketolred,
Bills
BROADWAY.
OFFICE, 119
Flfty-Tblrd Seml-annnal Statement,
SHOWING THK
CONDITION OF TUB COMPANY ON THB FIRST
DAY OF JANUARY, 1880.
paid,
31st December, 1879.
Owhln banks
viz.:
Stocks
$8,875,558 00
Loans secured by Stocks, and
1,307,900 00
otherwise
Real Estate and einlms due the
500,000 00
Company, estimated at
Compaii}- on tlie 3l8t day of December. 187!), is
piibliBhcdln couformity with the proviaioua of
ber,
840,736 77
Assets,
New
Stock, City, Baiik,
Premium Notes and
followhij; Btiitement of tlio
OF NEW YORK,
otlier
Mutual Insurance Co.
The
same
The Company has the following
Company
Insurance
:
1879
Losses paid during the
York
HOME
SUJIIItlARV
from 1st
United States and State of
OFFICE OF THE
;
MENT
January, 1879, to 31st December,
Casd paid at once for the abc-e Securlttr* or tbey
11 br sold on commleslon. at
eller'e uutloii:
Held
l>eriod
The Company
lars giving full particulars.
Stocks
Cash Assets
Risks.
;
nished by the Company.
aAeII THREK years, ALT. RESTRICTIONS
and CO.NDITIO.NS In regard to travel, residence,
occupation and cause of death are removed, thus
making the Policies, after three years, IXCON-
$5,371,048 49
have been issued
upon Life Bisks; nor upon
Fire disconnected with Marine
No
w
January 24, 1880.
in coufomiity to the
Charter of
the Comi)any, submit the following Stat«ment
of its afi'iiirs on the 31st December, 1879
Premiums received on Marine
Risks, from Ist January, 1878,
to31st December, 1879
$3,699,066 58
Premiums on Policies not mark1,671,981 91
ed off Ist January, 1879
The Tnistees,
That
to purchase a pure endowment, payable at the end
of the term, thus guaninteeing to the policy-holder
In everv event Ihe full value of his Reserve.
NO .sL'RRK.NDKU of the Policy is required only
a notice from the policy-holder, on blanks fur-
,
Dealings In
default.
„ ,,
The new form of Endowment Policy provides :—
It the ENTIKE KESERVB Is a greater sum
than the single premium required to carry the full
amount of insurance to the end of the endowment
term, the excess shall be used as a single premium
AI L EY
£J
A SPECIAI/rV.
surlnic elsewhere.
After the premiums for three or more years have
i
PINE STREET.
T
87a,48* 0«
LIBBRAIi AND IMPORTANT CONCESSIONS IN
LIFK INSUUANCK CONTUACTS.
Examine the new form of Policy Issued by the
l^nllcd States Life Inauranco Company before In-
will carry
b.
THE
ATLANTI
301—264 Broadway, N. Y.
....
Q)F
xxi.H
Insurance.
States
Life Insurance
S^lu.
fVoL.
Yioe-President.
DE BEBIAIT,
Asent, 55 Broadway.
Atlas Mail Line.
Our Asplnwall steamers form
close connection at
of the Pacific Steam
Navigation Company, being the quickest and most
direct service between New York and the west coast
of South America.
„
For KINOSTON (Jam.), ASPINWALt. OBKYTOWIT.
COLOMBIA, PANAMA and SOtTTH PACIFIC POKTB:
March 1*
March 2 ALVO
ATU08.....
Pauama with the steamers
1
For
ANDES
ETNA
March
HAYTI
4
1
ATLAS
For PoKTO RICO
:
,
28ICLA111BKL
For Mauacaibo:
Feb.-I ARBAN..
Feb.
.,.,.
TMaroh-HJ
„
,.
*''"'™'
,
Superior accommodation for flrst-class passenger!.]
For freightorgassage^applr to^ Agents,
FOBWOOl
PIM,
No. 37 Wail Street.
ARDBN
,.
Febroaht
THE CHRONKLK
21, 1880.1
Commercial Cardi
Comiiicrcial Curdx.
&
George A. Clark
Vll
&
Bro., Russell
Cotlon.
America, H. W. POMEROV, Jr.
Now York Office, BB Wall Street.
Boston Office. 44 CENTHAi< Street.
In
WORKS at
miLWARD'S HELIX NEEDIiES.
The
&
Co.,
In
COTTONSAILDUCK
And
AlBO. Aventl
Dnlted Statea BnntInK Oompany.
aupplr
111
Widths and Colon »lwi>y>
No. 109
Dnnne
Ellertou
Acw
Chicopee Mfg. Co.,
Woolen
Rlclimond, Va.
MANCHESXEK
Works,
MANUFACTURED OF
LocomoIiTes and Atnoakeag Steam
Fire Eniftncs,
MANCHESTER, N.U.
\V. n. MEANS,
AKETAS BI,OOD,
*'
w»f«r
«crei*t.
&
117 Pearl
street.
New
BABCOCK HKOTHEKS A
£0 Wall STRKrr.
COMMISSION MERCHANTS,
J4
A
Advances made on
In Store
commssioN merchavts,
James F.Wenman& Co.,
40
EXCHANGE PLACE.
COTTON BROKERS,
New
No. 146 Pearl Street, near IVall, N. 1
established (Id Tontine Building)
late of
York and
W.Hanemann,
8on ot J. T. Hanemann,
Knoop, Uanemann & Co.
YORK.
PEARl. STREET.
H. Tileston
STOCKS,
85 WII-I,IAM
Orders In
*'
STREET,
OR*
-
Co.,
or the purchase or sale of Contracts for Futura
(>eliTery.
NEW YORK.
Co.,
BONDS,
NEW YORK.
ice,
Ware
OOLD MEDAL,
PABIS, 1878.
W. Lamkin &
His Celebrated yumberg,
303-4O4- 70-35 -332,
1
1
throughout the worltL
-
Joseph Gillott & Sona,
New Tork.
TICKSBURG, MISS.
Orders to Purchase Cotton in our market SDlIc4ten
Refer to Messrs. THOMAS J. SLAUGHTEK New
•
Tork
mnum
New
York.
Speotal attcntic n paid to the execution of order*
for the purchase or sale of contracts for future de-
STEEL
In a) NUMBERS, of siiperim
English make, suited to every sty io
of writinK. A Sample of each, /or
trial, lo mail, on receipt of I'D t.'TS.
ASK YOIH STATIONKIl FOR
PENS.
THE
Sl'KNCEKlAN I'KNS.
iviisOii,Ki!iKriii^ii<,'iiivior&Ci
NKW Vowk.
Liberal advances
made on
con-'
Bignments.
Co.,
Cotton Factors,
andUii otiur styles man be had of all dealcra
Schrocder,
111 Pearl Street,
BEAVER STREET, NEIV YORK. H.
D.
&
SOBROIDBS.
COTTON COMMISSIO.V MERCHANTS,
livery of cotton.
'
GlLLI.'.r
Futures" executed at N.Y. Cotton Exch.
COTTOIV BROKERS,
S3
MERCHANTS,
Henry H. Wake.
WALTER & KROHN,
^kd Wtm*
Foulke,
Special attention t-iven to the execution of order
&
&
&
PEARI. STREET,
NEW YORK.
121
COTTON BROKERS,
COTTON,
.^iverpc^l
CO]n]HISSIO]V
DERS FOR FUTURE C ONTRACT S.
I3«
at Ibe Cotton
Bennet
COTTOIV BROKERS,
123 PEARI. STREET,
Geo. Copeland
York.
Exchanges In New
oad r^veaees made on Cotton
and other produce conalyned to ns, or to our correpondents In Liverpool, Me srs. li. Newgasf A Co.
and Messrs'L. Rosenheim A Sons.
brden tzecnted
1S41.
Mohr, Hanemann & Co.
NEW
Co.,
Mont^emery, Ala.
LEHMAN BRO'S,
Cotton AND Factors
Co.,
COTTON
ci.E.MENe Fischer, H.
Y.
Lehman, Dver A
fCew C.'l^ans, La.
MERCHANTS AND BANKERS,
BROAD STREET, HEIT YORK^
l,lh<!ral
atreet, N.
A Co.,
Lehman, A ?baham
&
R. M. Waters
140 Pearl
CO..
Special attention f^iven to the ezeeution of
Yorlc.
Gwynn & Co.,
COTTON FACTORS
Receive consl^rnmentsof Cotton and other Producp.
and execute oriJers at the Exchnntfes In Liverpool.
Uepresented lu Haw York at the office of
entry and redemption of lands and
payment uf taxes for non-residents attend<?d to.
Information as to value and locivl advantiiKe of
lands furnished. Our Held of operation embraces
ibe States of Louisiana and Misstssipnl.
New
Galveston, Texas.
COMMISSION MERCHANTS.
17 Water Street, LIVERPOOIi,*
sale,
No. 11 Old Slip,
Yorit.
B.F.BABCOCK&CO.
Co.,
& Real Estate Agents,
TICKSBURG, JVIISS.
New
Slip,
JEMISON,
Fielding,
Yorli.
I'Onron
Ctvil Engineers
Purchase,
AKD
COTTON BROKERS,
Wu. MoBR.
A. L. Pierce
Co.,
COTT«N COMMISSION MERCHANTS,
Co., nOODY Sc
&
Dennis Perkins
T-a-^sMrer.
Super'.Dtendent,
v»nch«(»ier. N
'
&
BANKERS
No. 10 Old
<:o.,
Atlantic Cotton mills,
Saratoga Victory Mfu. Co., V cean mi Ih,
ANJ>
HosTeiT, Shirts and Draivcrm
iTom Varit)n» Mills.
BOSTON.
NEW YORK.
15 ("HAUXCEY STREET.
43^49 WUITK STHEET,
I'HILADKM'HlA,
J. W. DAYTO.N'. aw CllESTNfT STRIET.
New York and L lTerpoot.
In
E. S. Jemison
Coltou.
.Ulllx,
Locomotive
nd BoM on Commission
Orders for Spot Cotton aad ii^tures promptly exe
Gated
AliKNTS FOIl
:tiiIIh,
Iliii-liii^t<>n
•
iij;ont. In every thriving
Apply (with reference) to
Preit't,
O. CRENSHAW,
Crenshaw Warehouse,
W,
tn atock
!itr«et.
E.R.Mudge,Savvyer&Co
Waiililiiston
FINI.AY, RiUIR ic CO.,
CALCUTTA AND BOHBAT.
FUTURE CONTRACTS FOR COTTON bowbt
IHeaara.
Kootl wurkiiiK
ji
'
C31I
Also execute orders for Merchandise tbroiub
"ORIKNT COMl'LKTE MANURE."
And want
cutton-nrowing county.
COTTON CANVAS. FKLTINO DUCK, CAR COVKIl
me, BAOGING. KAVKN8 DUCK, 8AU, TV( INKS
AC. " ONTAKIO HEAMLEXg BAU8,
"AWNINO STKIPES.'
A
Virginia
OFFER THRIU STANDARD BRANDS
kindt ot
til
FINLAY
Ahhoniated Bone SDrERraosraATE op Limb,
rUuiufAClarers and Ueainra
New York.
LIVERPOOL, IXJNDON AND GLASGOW.
Fertilizing Co.
Turner
Brinckerhoff,
&
St.,
Advances made on ConalinimeDts to
nieaara. JAUIES
tc CO.,
" orient."
I
Atlantic
BROADWAV, NKW YORK.
400
L.
Souih William
8
'Burkka"
Orient,
Co.,
OBNBBAL
conratssioN nerchants,
and llunkow.
Iial
Agent
&
Henry Hentz
Co., China,
COMMISSION Merchants ani> Ship Aoents.
Ilang Konir, Canton, AnioF, Paocliaw, Hhnng.
W. &
J.
H.
Farley,
COTTON FACTORS,
COMMISSION MERCHANTS,
AND
FINANCIAL. AGENT»
132 Pearl
r.
O Box
Street,
New
3,909.
York.
Advances made on Consignments.
Special personal attention to the purchase and
01 ''0ONTKACT8 FOR FUTURE DELIVERY
COTTON.
Almy &
(Successors to
Mia
OF
Co.,
GRAY A
CO.),
COTTON UUfERS AND BROK£BS>
No. 95 WATER STREFT
BOSTON,
niASS.,
Agencies for the purchase of Cotton at a O
principal Southern Markets.
»
:
,
THE (JHBONICLE.
Vlll
[Fkbruabt
31, 1880.
Cotton.
Insurance.
&
Woodward
Stillman,
SEAMEN'S BAKK r^ILOING,
Nos. T4
76 X,m.U Street,
&.
NEW
VrOKK
GENERAL COMMISSION MfifiCHANTS
.^OANS lOADE ON ACCEPTABLE
THIRTY-FIFTH ANNTJAL REPORT
SECUKIXr.
OF THE
ijlbera
CO
NEW YORK LIFE INSURANCE
BROADWAY.
dvances made on Conslgnmente.
r
Special attention paid to the execution of orders for
he purchRBe or sale of contracts for future delivery
or cotton.
OFFICE, Nos. 846 and 348
JANUARY
Amount of Net Cash
Leu dcductbn
1, 1879
Bonds and other assets
$36,213,457.61
January
Assets.
to cover <ler.rease in value of
INMAN, SWANN&Co
I880.
I,
U.
S.
$i3Si96*93
$36,07 7,490.6S
REVsmn: account.
l«ss deferred premiums Jan.
Interest and
i,
1879
Cotton ICzchang^e Building,
101 Pearl Street,
$6,33a,|7S=5
379.°39-o9—»o.oo3.<^6.i6
Premiums
COTTON
COMMISSION MERCHANTS,
Leu interest accrued
Jan.
i,
LOANS MADE ON
306.225193— f2.o33i6so.oo—$8,o36,686.i«
1879
$44,114,176.84
DISBURSEMENT ACCOUNT.
Losses by deaths includine Reversionary additions to same
-^
Endowments matured anddiscounted, including Reversionary^ additions to same.
Annuities, dividends and returned premiums on cancelled policies
Taxes and re-insurances
Commissions, brokerages, agency expenses and physicians' fees
Office and law expenses, salaries, advertising, printing, &c
.
SOVTHERIV SECURITIES.
$1,569,854.22
x,oz5,a56,32
.
3,836,370.97
173,608.64
626,253.30
307,393.81
^TNA
.
—$5,928,745.16
$38,185,431.68
ASSETS.
Total Aseets, January
Capital
13,544,671.96
4.974,573.68
356,192.94)
Real estate
Ee-iDBurancefDnd.
first lien on real estate (buildings thereon insured for $14,387,000.00 and the policies assigned to the company as additional collateral
'
security)
15,313.378,95
850,000.00
Temporary loans, (secured by stocks, market value $1,300,000)
• Loans on existing policies, (the reserve held by the company on these policies
631,403.0a
amounts to $3,160,000)
• Quarterly and semi-annual premiums on existing policies, due subsequent to
367,989.02
I,
1880
Jan.
• Premiums on existing policies in course of tra- smission and collection (estimated
211,625.23
reserve on these policies, $330,000. included in liabilities)
22,199.23
Agents' balances
317,989.11—$38,185,431.68
Aacrued interest on investments Jan. 1, i88o
Bonds and mortgages,
1.
Cupaid
detailed schedule 0/ these items will accompany the usual annual report
filed with the Insurance Department o/the State 0/ New York.
r lExcess of market value of securities over cd&t
^.
*A
\
Jan.
811,520.98
$38,996,952.66
1880
1,
losseB, etc
North
&
losses, due subsequent to
losses, awaiting proof, &c
Jan
i,
i83o
Matured endowments, due and unpaid
Keserved for re-insurance on existing policies participating insurance at 4 jper
cent. Carlisle net premium non-part icipat in gat 5 per cent. Carlisle net premium
$335,663.64
213,371 ,31
39,780.98
for contingent liabilities to Tontine Dividend
4 per cent, reserve on existing policies of that class
Reserved for premiums paid in advance
divisible surplus at 4 percent
,,
,,,,,,
LONDON AND EDINRVRGH.
Cnlteil Stales
E. P.
—$35,876,581.18
,.«......
3,120,371.48
PABBRI,
S. B.
ly the New York State Standard
at 4 1-2 per ct., over $7,000,000.00
5,534 policies
have been issued, insuring
Number
( Jan.
of
\ Jan. 1,
Jan. 1,
] Jan. 1,
Ian. 1,
(.
X
Policies in force
C 1875,J1,B24,815.
Death
BeatH-
I
claims
nulA
paid
1,017,618.
1,638,123.
1,687,676.
1,569,861.
1375^
{ 1877,
] "73,
^ i575_
1,
1876,
1377,
1878,
1879,
1880,
Office
Amount
at risk
T^t-™.,.
I
nterest
\
London
1877, 127,718,473.
$1,870,053.
1,906;960.
1,867,457.
1,918,665.
/ 1378,
( ^3^3; ^;q33:s5o.
1S79, 125.232,114.
( 18S0, 127,417,763.
MORRIS FRANKLIN,
WM. H. APPLETON,
WILLIAM BARTON,
WILLIAM A BOOTH,
DAVID .DOWS,
GEORGE A. OSGOOD,
HENRY BOWERS,
LOOMIS L. WHITE,
ROBERT B. COLLINS,
yA^ir^.V^ffriHv
M. FURMAN,
JOHN
•
THEODOKE
BE.
S. S.
WILLIAM
BANTA,
—
H. D.
.SSHS7 TUCK. K. S
.
-
_» «^T
&
& Globe
nj.,^„-M„
Divinble
f
I
surplus at <
* J
4. „„,
per „„
cent.
(
'" L 1876, $2,199,654.
jja. j 1577;
Jan. 1,1878,
Jan. 1, 1879,
^^ j; ugj;
2:526;816.
2,661,144.
2,811,436.
3;i2o;371,
CHAS. WRIGHT, M.
EDWARD MARTIN,
Insurance Company^
45 William St*
JAMES
E.
PULSFOED,
Eo3ident Manager.
D.,
JOHN MAIRS,
A. WHITTEMORE,
EDW.
HENRY TUCK, M. D.,
ALEXANDER STUDWELL,
HENRY
W. EATON, Deputy Manager.
GEO. W. HOYT,
As9t.
Deputy Manager.
H. BEERS.
Cashier.
D. O'DELL, Superintendent of
CEABiES W8I0HT.
FISHER,
York.
1
TRUSTEES.
•
New
Liverpool
r 1875,J126,132,119.
J 1878, 127,901,887.
'
1875,
.,„„„.
Income f\xn^^
from \ \lll,
'
MANAGERS,
54 Wllltam St.,
17,098,173.
44,5S1.
45,121.
45,605.
45,005.
45,705.
Morgan &Co.)
CHAS. E. M'HITE, SAM. P. BLAGDEN,
From the undivided surplus of 3, 120,37 ',.48 the Board of Trustees has declared a Reversionary dividend to participating policies in proportion to their contribution to surplus, avaiKible on settlement of next annual premium.
During the year
Eeq. (urexcl,
CHITTENDEN.
EZR.\ WHITE. Esq.
J. J. ASTOtt, Esq.
$38,996,952.66
SnrplTis, estimated
Board of Management,
NEW YORK
Hon.
34,0x6,840.82
Fund, over and above a
1,371,482.18
16,543.25
Co.
Ins.
SOLON HUMPHRBY8, Ch'r'n.(B. D.Morean & Oo
DAVID DOWS, Esq. (David Dows & CoO
;
;
Reserved
British
Mercantile
Appropriated as follows:
Adjusted
Reported
1 879
$6,914,147 79
fa,000,000 00
I,ei7,189 R5
261,499 00— 4,866.683 85
1,
...
NET bDR'»LUS, Jan. 1, 1819.. $2,045,468 94
No. 3 Cortlandt St., New York.
JAS. A. ALEXANDER, Agent.
.,
CASH ASSETS,
Company
Insurance
OF HARTFORD.
$1,961,701.48
Cash In bank, on hand, and in ifanslt (since received)
Invested in United States, New York City, and other stocks (market value $14,-
•
New York.
2.339i87S-93
rents
L^oimnercial
MORRIS FRANKLIN,
_
Agrencies.
-/i
*
President.
\
f
?""'f
T Examiaerti.
J
WILLIAM
BEERS,
Viee-Pres't & Actuary.
H.
'
Union
mon
Ins.
ins.
Ca
(OF LONDON),
ALFRED
PELL,
Resident Manager,
Sr
&
1
89 Wall Street
@FedFRASER