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MAGAZINE,
MERCHANTS’
HUNT'S
gkursjnipe*,
$
COMMERCIAL INTERESTS OF THE UNITED STATES.
[Entered, according to act of Congress, in tlie year 1880, by Wm. B. Dana & Co., in tbe office of the Librarian of Congress, Washington, D. C.]
REPRESENTING THE INDUSTRIAL AND
1880~
SATURDAY, FEBRUARY 28,
VOL. 30.
CONTENTS.
REASONS
FOR
A
7
NO. 766.
ACTIVE
MORE
MONEY
MARKET:
THE
CHRONICLE.
Notices of Books
Since the first of
February the money market has given
activity, and rumors of
Refunding Measures at Wash¬
202
ington
speculative manipulation have become quite current.
Federation of the British Em¬
pire
203
There is always a disposition to charge to artificial causes
THE BANKERS' GAZETTE.
any scarcity in loanable funds, but it may not be wise in
General Quotations of Stocks
Money Market, U. S, Securi¬
and Bonds
212 this case to stop our investigation with that assertion.
ties, Railway Stocks, Foreign
Investments, and State, City
Exchange, New York City '
Possibly the renewed activity is the result wholly of
and Corporation Finances... 218
Banks, etc
210
natural causes, and, if so, it is well to recognize them,
THE COMMERCIAL TIMES.
for they may show greater force later on.
Commercial Epitome
223 1 Dry Goods
230
Cotton
224 I Imports, Receipts and Exports 231
Any one who has watched the loan column of our
229 |
Breadstufts
associated banks during the past nine months, and especi¬
ally during the past two months, has noticed the evidence
there developing of the great change in progress.
Last
The Commercial and Financial Chronicle is issued every Satur¬
April the total loans were 231 millions; in July they had
day morning, with the latest news up to midnight of Fi'iday.
reached 260 millions; in November, 270 millions; in Jan¬
uary, 276 millions, and last Saturday they reached 291
TERMS OF SUBSCRIPTION-PAYABLE IN ADVANCE:
Reasons
for
More
a
Active
201
Money Market
;
204
Latest Monetary and Commer¬
206
cial English News
Commercial and Miscellaneous
209
News
%\u dxrmtirie.
C
mos.
do
do
6 10.
postage)
do
1 8s.
millions
Office.
*
The London office of the Chronicle is at No. 5 Austin Friars, Old Broad
Street, where subscriptions will be taken at the prices above named.
Advertisements.
DANA, \
FLOYD, JR. >
WILLIAM B.
JOHN G.
are
WILLIAM B. DANA & 00., Publishers,
.
'
79 & 81 William Street, NEW YORK.
*
Post Office Box 4592.
cover is furnished at 50 cents; postage on the same is
Volumes bound for subscribers at $1 20.
A neat file
18 cents.
For
show
increase of 60 millions in the
city banks since April, and of 15
since last month.
Boston and
Philadelphia
similar
progression, especially during 1880, the
total loans for those two cities being 197 millions in Jan¬
uary, against 209 millions now, an increase of 12 millions
during the two months of this year. Altogether, then,
a
in these three cities the loans have increased 27 millions
published at 25 cents per line for each
insertion, but when definite orders are given for five, or more, insertions,
a liberal discount is made.
Special Notices in Banking and Financial
column 60 cents per line, each insertion.
Transient advertisements
an
loans of the New York
£2 7s.
Subscriptions will be continued until ordered stopped by a written
order, or at the publica tion office. The Publishers cannot he responsible
for Remittances unless made’by Drafts or Post-Office Money Orders.
London
This shows
millions.
$10 20.
For One Year (including postage)
For Bix Months
do
Annual subscription in London (including
Six
decided evidence of increased
complete set of the Commercial and Financial Chroni¬
cle—July, 1865, to date—or Hunt’s Merchants’ Magazine, 1839 to
since the first of
April.
Looking
away from the hanks, we find circumstances
and conditions which fully account for these changes. In
almost all departments speculation is the prevailing char¬
acteristic.
a
1871, inquire at the office.
January, and nearly 75 millions since
last
During 1879 a general recovery of values from
depression of previous years was natural
the extreme
and warranted.
This, however, has fostered a move¬
ment in every security, and to-day good and bad are
THE INVESTORS' SUPPLEMENT
dealt in and loaned on at monthly advancing prices. But
We issue to-day eight
pages
extra, but our usual in addition to this, amalgamations and new
organizations,
Investors’ Supplement has been deferred. The Supplement, as as well as re-organizations, are constantly announced,
heretofore announced, is in process of thorough revision and throwing new railroad stocks and securities on the
reconstruction, and will be more than doubled in size and market, to be absorbed by it or giving higher values
issued
short
as a
a
pamphlet of 68
to
month to prepare so
number will be issued
i
on
or
long
old
February has been too
pages.
a
Supplement.
securities.
Towards
the
close
of
last year
capital also began to flow freely into mining stocks,
The first and since the first of January almost numberless schemes
about March 15, and mailed to
of that
description have been floated.
In fact, it
seems
if every hour now gave birth to a new one of these
subscribers of the Chronicle in a separate wrapper.
It will
little enterprises. In the same manner, and only less in
contain more information about each railroad, State, and munic¬
as
degree, has been the expansion during late weeks of all
manufacturing industries. What one is there that has
ever before brought within the compass of one volume.
No not been
progressive, extending and increasing its pro¬
man who has any investment to make can safely be without
ductive machinery ? It is hardly necessary to single out
ipal security, methodically arranged and analyzed, than
each issue of this
new
Supplement.
.
was
any
department for illustration,
as
nearly
every one
has
'LEE
202
shared in the movement.
Then besides all these
CHRONICLE.
[v'OL.
the last year to
and higher prices
the effect the growing speculations
quirements, must be added the wants growing out
would have in diminishing our exports
and
of the prevailing speculations
increasing our imports. This ffias progressed so far
in wheat, cotton,
&c. We gave a table a few weeks since, which we now, it is anticipated that the figures to be published
may repeat here, as it affords a slight indication of the with the close of this month will show a reversal of the.
extent of the increased demands upon capital, arising favorable monthly balance so long reported.
Under
from such causes. The figures show the stocks and such circumstances our money market cannot fail to be
total values (not New York prices, but a fair average for more stringent. We have no such supply of gold here
the whole country) of a few articles on February 1st of as to permit of any considerable export.
Nor do we
think it will at present take place, our market being in
this year and last year.
a condition
not to part with it willingly.
There is
1880.
1879.
more reason to
suppose that higher rates for money will
February 1.
Are.
Are.
Value.
Value.
shake
out
some
of the holders of cotton and produce,
Quantity.
Quantity.
price.
price.
and set our products in motion again in the place of
$
$
$
$
All these facts, however, indicate that there is
Wheat, busli. 30,000,000 1 25 37,500,000 20,000,000 1 00 20,000,000 specie.
Oth’r
re¬
no
grains,
bush
*Cotton, bis
(Rio)
bags
Sugar, tons.
tLard, tes...
fPork,bbls..
50 10,500,000 18.000,000
40 8,200,000
21,000,000
1,350,000 53 00, 71,550,000 1,050,000 38 00 39,900,000
Coffee
need to seek for artificial
tendency of
our money
causes
to
account
for the
market towards higher rates.
_
670,000
58,535
308,148
359,905
19 00
150
23 00
11 00
Total
12,730,000
8,780,250
7,087,404
3,958,955
531,877 17 00
44,619 130
225,651 19 00
236,269 8 50
152,106,609
*Outports and interior towns.
9,041,909
5,800,470
4,287,369
2,008,287
89,238,035
tNew York and Chicago.
These few articles would indicate that almost double
the merchandise values of 1879 are now being carried
by
our banks.
And yet it is a fact of some importance
that all such stocks of merchandise must be decreasing
from the present
in a measure the
date
new
on, and let loose money to
demands which, as we have
supply
shown,
being made on our loanable funds.
rapid review of the conditions which are influenc¬
ing our money market must convince every reader that the
day of very low rates of interest has passed, and further
that there is in the facts stated sufficient cause to fully
account for the growing activity during late weeks.
are
This
There are, however, two other circumstances in every
one’s mind whieh have an important bearing upon this
REFUNDING
MEASURES
AT
WASHINGTON^
According to the latest reports with regard to refund¬
ing measures at Washington, does it not seem as if there
might be some danger of our legislators assuming
too readily that the Government has only to decide for
itself the terms and conditions of refunding? This
has appeared to us to be affecting somewhat Mr.Wood’&
scheme from the beginning, for, waiving the question
whether he overestimates the volume of capital which in
this country seeks permanent investment, all arguments
based upon past experience in refunding are liable to
overlook the changed conditions. The force of this
change should be apparent at a glance to everybody,
and thus the error may lie not so much in underestimat¬
ing as in forgetting the change. The great success of
the four per cents was in good part accomplished
by these conditions : the comparative paralysis of in¬
dustrial activity ; the almost absolute lack of any com¬
petitive loans which could bear inspection ; the conse¬
quent dullness of money. Everybody knows this ; but
not everybody may remember that this is an
utterly
anomalous condition of things in this country.
A
change has now come. Prices are advanced ; activity ia
very much greater ; money is in more demand.
Pre¬
cisely what can or cannot be accomplished in the
way of refunding now, we do not predict ; we only
say that,
to
the extent of the influences of
the change, the nev bonds must be, through our
improved credit or in some other way—by their rate,
or their term, or both—more rather than less attractive
question. And first it is a remarkable fact that not any
of the new supplies of lawful money the market received
the past year have as yet returned to this centre. If we
take the Treasury holdings of gold and legal-tenders, and
add them to our bank holdings of lawful money, we will
find that on the first of June the total was 274 millions,
on the first of October 275 millions, and on the first of
November 267 millions, whereas on the first of February
the total reached only 245 millions.
To be sure, since
February began, the banks have increased their holdings,
but it has been at the expense of the Treasury.
Thus we
see
that, notwithstanding the additions which were
made in 1879 and the gold production of the country than before.
since (the latter being about 3 millions a month), our
Any scheme which fails to recognize this will begin
in
error ;
city banks and the Treasury together actually show a
and it may lead to the assumption that
decrease in their holdings.
This undoubtedly arises Congress has only to pass a law prescribing the terms
mainly from the fact that the South and the West have and details, and the thing is done. There are, how¬
made money on their crops, so much in fact that they ever, two sides in the transaction, and this is now
are keeping large sums,
and will not part with any more practically true than before. The bonds can¬
considerable portion until they need it to pay for not be thrust upon investors. Investors must and
their summer supplies. It is possible that even then it will be allowed to determine whether they will havewill be sparingly used, the hard experiences of late years them.
True, Government has the equal right to name
having enforced a lesson of economy which will not at the terms for its side; we only urge that Congress do
once be
forgotten. Still the money is in the country and not forget that it cannot act on both sides. As in the
will not permanently remain where it is.
Its tendency matter of the option—already discussed—it will not do*
is to return to this centre, and it seems as if the pay¬ to
forget that every point of advantage to the Govern¬
ments for supplies of the coming summer would in a ment, in
option or term, equally with rate, must be paid
considerable measure effect that end.
:?or. To forget this might lead to the error of handicap¬
But while this return current is delayed, the ping refunding with conditions that would hinder it.
There is another assumption which can be made, and
changing condition of our foreign exchange market is
causing some anxiety, because of its more immediate in¬ one of which indications are not wanting in the late
fluence. We have frequently called attention during Washington reports. It is that the new bonds can he
February
203
THE CHRONICLE.
28, lc80.1
; and, under different titles, it has formed the
•put out directly' by exchange, or in some more direct
process than the old one. On the contrary, it is, in our subject of separate treatises by such men as Frederick
view, very clear that the old machinery must be used Young, as C. W. Eddy, as Francis Peter Labilliere, as
London
agaiD. Direct popular subscription did not place even Captain J. C. Ii. Colomb, and as Thomas Brassy. And
the “patriotic” 7-30s, and there are no such consid¬ as still further showing the interest and purpose of the
erations now as helped that loan.
The syndicate agitation, it has only to be mentioned that the Queen,
machinery is the only one that has been successful towards the close of last year, appointed a commission
hitherto; it is ready for future use, and we see no reason to make all the necessary inquiries regarding one branch
for believing that what could not have been done with¬ of the general question, namely, the condition and suf¬
out it heretofore can be now, with less aid from the ficiency of the means, both naval and military, provided
condition of the markets. As before, the new bonds for the defence of the seaports within the colonial pos¬
must be sold, and the maturing ones be taken up with sessions and their dependencies.
It is easy to understand what all this means. The
the proceeds. There is no reason for doubting the suc¬
cess of refunding, unless Congress falls into the mistake
ruling classes of Great Britain have never forgotten
t)f over-confidence by wrongly interpreting the triumph¬ the lesson which was taught them by the secession of the
ant progress hitherto made by the Secretary.
If not American colonies. What has happened once, they
weighted by unwise conditions, he will doubtless con¬ know well, may, in like circumstances, happen again.
It
tinue successful to the end.
has
been the
business of
the Government
from
deal liberally by the dif¬
ferent colonies,
and to
avoid every cause of
! FEDERATION OF THE BRITISH EMPIRE\
Among the many questions which are now occupying unnecessary irritation. The consequence has been that
the attention of the more thoughtful portion of the the colonies, one and all, have greatly prospered. It is
that
public, there is none which promises in the near
future to be of such commanding interest as that which
relates to the consolidation of the colonial empire and
the bringing of that empire into closer and more inti¬
mate relations with the mother country.
No one who
is observant of the passing events of the hour, can fail
to be cognizant of the fact that the thoughts of the more
advanced section of the British people are largely given
to some one or other of the many phases of this interest¬
ing question.
It would not be difficult to multiply examples, showing
in how many ways this imperial sentiment is finding
expression.* Directly connected with it, if not part and
British
till
time
now
to
noteworthy circumstance that, while British exports to
foreign countries had risen from £141,000,000 in 1869 to
£195,700,000 in 1872, and had fallen' again in 1878 to
£126,611,000, the colonial trade had steadily grown in
the same interval from £48,000,000 to £66,23 7,000, or
from 25*3 to 34*4 per cent of the total commerce of the
country. In harmony with these figures is the fact that
the Australian colonies consume, in proportion to their
a
population, a larger quantity of British
goods than the British people themselves.
is natural that, for the sake of trade, the
try should desire to keep her hold of
and to make the relation now
existing
a
manufactured
Of course it
mother coun¬
the colonies,
closer
one.
The
parcel of the same, is the spirited foreign policy of the importance of this is further illustrated by the protectivepresent government—a policy which has been equally tariff systems which some of the colonies have inaugura¬
active in defending so-called British interests on the ted, and which acts against British, manufactures as
Balkan peninsula and on the Bosphorus, as in the high¬ well as against those of other countries.
Of course any
lands of Afghanistan and in the jungles of South Africa, arrangement at all approaching a federation, special
and which has been maintained with the apparent legislation, or special privileges of this kind, would be *
approval of thec British people, in spite of all the efforts impossible, for the customs duties would necessarily be
of a vigorous and active opposition.
In the current under imperial control.
periodical
avowedly in the interests of the Conservative party, there
is an article on “The Credentials of the Opposition.”
It is an able defence of the policy of the men in power;
number of the London
Quarterly Review,
a
But there
are
other
reasons.
In sixty-two
years,
from ;
1876, the total number of emigrants who left
the United Kingdom was 8,424,942.
Of these over five
millions have settled in the United States, and only a
and it administers some severe rebukes to the Liberal little over two millions permanently in the British Pos¬
leaders. In this article, in which the Liberals are broadly sessions. Then, again, Great Britain is a large pur¬
fftfied, we find the following pungent sentence: “ There chaser of food in the foreign market. In connection
“
with these figures it
never must come a time when the rulers of this counis calculated that in the
“
■“
“
think it within the province of their duty
contemplate as a possibility the smallest dim-
try shall
even
to
inution of the territories of the British
Empire,
or to
1815 to
Empire, not to speak of India, there is
rich food-producing territory of over seven millions
of square miles, with a population of about one inhabi-;
In these circumstances, and in view
tant to the mile.
of these facts, the question is asked : How can Great
Britain best conserve her own interests, and at the same
time advance the welfare of her colonies? In Great
Britain there isea large surplus population, with an im¬
mense demand for foreign-grown food; in the colonies
Colonial
extension, if the only choice
lies between advance and retreat.” In the article
there is much more to the same effect; and the states¬
men who
are now denouncing
the government and
attempting to snatch from it the reins of power, are
exhorted to bear in mind “ that to the English race, as
“
to the Roman, an imperial commission has been there is
xc
shrink from their forcible
“
This, however, is not all. The Westminster
Review, which is altogether of a radical school
of
politics, has for the last year yielded up
a
large amount of its space to the current con¬
“
given.”
sideration
of the best
means
confederation of the whole
for bringing
empire.
about a
The same subject
food-producing area, with
demand for foreign labor. How can these
conditions be so combined as to be satisfactory to both ?
It is not wonderful that the answers to this question
should be numerous. It is as little wonderful, perhaps,
that they should all point more or less directly to the
same end.
It is admitted on all hands that more unity is
desirable—that the cords which unite the colonies with
an
a
large undeveloped
immense
has, for a protracted period, been one of the principal
topics of discussion at the Royal Colonial Institute, in the mother country should be drawn closer and
tighter;
THE CHRONICLE.
204
[ • •!. XXX.
identical; that the pro¬ only work of the kind in this country, it is marvellously a timetection of any one portion of the empire should be a mat- saver for those who have occasion—and who has not?—to answer
for himself some questions of fact covered by it. We regret to
ter of interest to every other portion. It begins to be felt,
learn that this annual has thus far not been pecuniarily suc¬
both at home and in the colonies, that in the event of cessful. Statistics seem to be far less
that the interests of both should be
'
the mother country becoming involved
the colonies would be in great danger;
fend
them has become
a
festly the mother country
in a great war
and haw to de¬
Mani¬
leading question.
cannot be charged with
all the expense. The colonies, it appears from an abun¬
dance of evidence produced, most of which have a well-
organized militia, and some of which have promising
local navies, are not unwilling to bear their share of the
general burden; but they are naturally anxious to know
whether England is prepared to give them a voice in
the question of peace or war.
This last question points
to the root of the whole difficulty.
If the eolonists are
to share the responsibilities of the empire, they will de¬
mand a voice.in the councils of the empire. How is this
voice to make itself heard and respected ?
Sir
Julius Vogel, than whom no one is better acquainted
with the wants of the colonies, and others, suggest a
council which should be composed of colonial represent¬
atives, who should officially advise the Colonial Secre¬
tary or the House of Commons on colonial matters. It
is the opinion of others that this might do as a
temporary arrangement, but that it could not be
lasting, and that it could not satisfy the colo¬
nies.
Responsibility, it is held, implies representa¬
tion ; and hence we have Mr. Frederick Young,
and others, with the Westminster Review, strongly
advocating imperial federation. According to their
plan, Great Britain and her colonies would constitute
one grand confederated empire, the British Parliament
remaining as it now is, but limited in its action to the
local affairs of the British Isles only, the colonies having
parliaments of their own, after the manner ef the
Dominion of Canada, or according to the example of
4;he United States ; but all of them, along with the
mother country, sending representatives to and uniting
in an Imperial Parliament which should sit in London,
and whose duty it should be to attend only to imperial
interests. The latter plan is sustained by many good
arguments ; but it would imply sweeping changes—
changes too sweeping, we fear, to admit of its practi¬
cability at an early date. However, the question shall
be settled, there can be no doubt that the consolidation
of the British Colonial Empire is certain more and more
to engage the attention of British statesmen and pub¬
licists. In the interests of the British people themselves,
whatever it may be to the world in general, a closer
union of the scattered provinces of the widespread
empire is desirable ; and we may rest assured that
although differences of opinion may prevail with regard
to the means, efforts will not be wanting to bring about
.
.
the desired result.
appreciated and cultivated
they ought to be among an eminently practical people,
there ought to be at least one annual digest of information
than
and
well sustained.
is not
so
Mr.
The American Almanac
Financial,
and
Ainsworth R.
New York and
.
and
^oo Us.
Treasury
Facts-Statistical,
Year 1880. Edited by
of
Political—for the
Spofford, Librarian of Congress. Pp. 384.
Washington : American News Company.
The third annual volume of this
publication is in plan and
execution like its predecessors. Topics about which it does not
famish any information might be enumerated in less space
than those of which it does treat can be. While it does not aim
to be a scientific treatise or to fulfil the office of a cyclopaedia, it
readily almost any question of fact or figure which
be raised in the broad fields of commerce, manufactures,
answers
ean
If
number of similar publications,
finance, political history, governmental administration, &c.
it had to be
compared with
a
Reclaims to notice might be much less special; but as it is the 1
vade
meeum as
this
Spofford’s work supplies the means and ought to stimulate
inquiry.
the habit of
A Manual of International Law. By Edward M. Gallaudet,
Ph. D., ,LL. D., President and Professor of Moral and Polit¬
ical Science in the College for Deaf Mutes, Washington,
D. C. Pp. 321; price, $1 50. New York, Chicago and New
Orleans: A. S. Barnes & Co.
A
quarter-century ago international law had hardly attained
recognition as a science in this young country, and although the
names of Vattel, Grotius, Paffendorf and others were some¬
times heard, a “law” which did not then seem very practical
and had no routine means of enforcement naturally attracted
little attention. But the war gave us a very lively interest in
at least one branch of the subject—the obligations of neutral
powers and the recognition of belligerents—and the rapid
development of commercial intercourse has forced upon us a
recognition of the practical importance of extradition and
commercial treaties. Postal and package exchanges become
year, and the tendency is irresistibly
unification of measures, weights, money
and all the methods of communication. We can no longer be
isolated if we would; treaty-making is becoming, for sub¬
stantial commercial reasons, a large factor of industry, and
international law, broadly construed, is therefore an eminently
practical subject.
The work before us is mainly an abridgment of the more
comprehensive treatise of M. Charles Calvo, published in Paris
in 1870-2.
The author has aimed to enable many educational
institutions to include the subject in their courses which have
hitherto excluded it on account of the impracticable bulk of
the text-books available; and he expresses the hope that the
general American reader may have his attention secured by
the many allusions made to the influence exerted on the diplo¬
macy of the world by the United States. In 50 pages only he
brings down a historical sketch of the progress of international
law from ancient times to 1878; in 56 more he treats of general
principles and of the essential attributes and independence of
States ; in 96 of the rights, powers and duties of States in time
of peace, covering public property, rights of jurisdiction, inter¬
national contracts, extradition, &c.; in 60 more of rights and
duties in war, covering alliances, conquests, relations between
belligerents, &c.; the remaining chapter treats of neutrality.
closer linked every
towards a practical
Free Ships. By John Godman,
American Merchant Service.
is appended a Review of the
Shipmaster of (sic) the late
Second Edition.
To which
Plans of Senator Blaine and
Secretary Sherman for the Restoration of the American
Carrying Trade. New York: G. P. Putnam’s Sons, 1880.
Whoever cons over carefully the above title of this little
pamphlet—No. 6 in the series of economic monographs—which
the indefatigable ex-Captain Codman has prepared, may expect
to find him as combative as Othello might have been had the
progress of the Peace Society despoiled him of his occupation
and had not domestic infelicities occurred to prevent. The
of the “ late American Merchant Service” is forcible,
for it has the
of
a
habit of
sarcasm
Notices
That the desire for such
felt among
business men may be only because the
inquiry has not been formed, and that may be partly
because the means of answering inquiry have been lacking.
more
a
only quality that can ever give effect to sarcasm—
basis of fact.
But Captain Codman opens his dissertation by citing the
blunder of the House of Representatives, in 1869, whan it con¬
founded “commerce” with “carrying trade”’by directing the
by Mr. Lynch, of Maine, <rto investigate the
American commerce.” This com¬
mittee reported so decidedly in favor of the same panacea
which Mr. Blaine now prescribes that, in the Senate, Mr. Davis,
of Kentucky, suggested, as an amendment to the usual motion
to lay on the table, that the document be kicked under the
table. The theory of the report was that shipbuilding was
becoming extinct because the privateers destroyed American
cruisers during the war. Stated thus simply, this is as lucid as
committee headed
cause
of ‘ the decadence of
that good digestion is a discouragement to having
good appetite. The fact of course 4s that the war did give
to argue
February 28
>
1880.]
THE CHRONICLE,
205
the drawers down. They had little or no means out¬
advantage, which she was enterpris¬ brought
side the bank credits given them, and their fall would conse¬
ing enough to make the most of, and that since then our anti¬ quently have revealed the dangerous position of the bank.
quated navigation laws, inert and harmless so long as the And the bank had no compensating advantage whatever to put
wooden merchantman had the mastery of the seas, have kept against this abject and humiliating position. It could not even
control the bill-drawing propensities of these dangerous cus¬
the shipbuilding interest here in paralysis. Precisely what
tomer.
They knew their power, and drew as they pleased
England was quick to apply, thirty years ago, is the simple well assured that the bank must accept the bills and'pay them
remedy which, thus far, has been asked in vain of Congress. so long as it had a penny of available money in its coffers.
The ever-present subsidy plea t*ies to stand upon two contra¬ Thus the credits grew large and larger, month by month, and
loss upon loss was added to those previously realized.
dictory assertions : one, that all needed vessels can be produced
The chief reform on which the author relies is publicity of
on the Delaware as cheaply as on the Clyde ; the other, that
liberal grants of aid are alone requisite to restore the Ameri¬ accounts, full, detailed, and regular. - He mentions the wellknown fact that the balance-sheets of joint-stock banks are
can carrying trade.
Demanding subsidies because we do not
often of no practical use, because cash, securities, bills, prop¬
need foreign-built ships, and, at the same time, because the
American Clyde must be fostered up to the ability to compete erty, overdrafts, etc., are put into a lumped statement of
resources ; no statement *which does not admit analysis and
on equal terms, is a piece of acrobatic logic which seems to be
comparison can have any considerable value. Everything, he
as weighty in effect as it is unsubstantial in reality.
It is unnecessary to review the arguments of this sharp little says, has to be taken on trust in the bank managers. Had the
pamphlet, for they are all familiar and have been repeatedly Glasgow bank been subjected to such supervision as would have
urged in these .columns. Agitation of the subject of free ships, exposed its position, ten years earlier, shareholders would have
which will always be timely until it becomes successful, is escaped assessment and would not have lost all their capital.
When such disaster occurs, there is a cry for limiting liability,
especially so while Congress is in session.
Statistical and Historical but the true answer is, first “ make arrrangements to give effect
The Statesmen’s Year-Book.
Annual of the States of the Civilized World, for the to the limitations you already possess.” Two practical reforms
Year 1880. By Frederick Martin. Seventeenth Annual only are wanted, as far as statute law goes. One is the audit
Publication. Pp. 784; price, $3. London: Macmillan &
of bank accounts by independent authorities outside the direc¬
Co., 1880.
torate or the copartnery ; the other is the periodical publication
A chronicle of events for the past year, tables of births,
of banking balance-sheets properly certified by the auditors.
deaths, and marriages, in the States of Europe for several
There should be an “ outside ” audit by professionals, and every
years past, and a few" commercial tables, preface the bulk of
bank in the country should be compelled to submit to it semi¬
the volume, which treats in turn of every nation and State on
annually.
the globe, under such topics as, constitution and government,
It is unnecessary to dip further into the volume. The state¬
church and education, revenue and expenditure, army and
ments already given show that Mr. Wilson is on the right track
navy, area and population, colonies, trade and industry, rail¬
in appealing for a conservative restricting of banking to its
ways and telegraphs, debt, weights, measures, and money, etc.;
and for publicity as the most certain and pow¬
with a list of reference works consulted. No attempt at com¬ legitimate lines
erful of all correctives. So strikingly successful has publicity
ment or dissertation is made, nothing beyond a statement of
been as applied under our system that it is only necessary to
facts being given. The satisfactoriness of the publication may
mention the point, and the moral with all its suggestiveness
be inferred from its appearance, on the original plan, for so
follows instantly of itself.
many years. In its peculiar field—that of a world-book, which
Reciprocity, Bi-metalism, and Land-tenure Reform.
By
it might appropriately be called—there is nothing that covers
Alexander Johnstone Wilson, author of “The Resources of
the same ground. As a volume for reference it is as attractive
Modem Countries,” etc. Pp. 256.
Price, $2 25. Lon¬
don, 1880 : Macmillan & Co.
a3 could possibly be made, the arrangement and indexes being
The connection between these three subjects may not, per¬
*nodels of clearness and convenience, the typography very open
and large, and the mechanical execution excellent in every haps, seem very close at first sight, but they all have had advo¬
cates as panaceas for English industrial distresses. Mr. Wilson,
detail.
Banking Reform, an Essay on Prominent Banking Dangers and however, is of a different mind. That retaliation would not
the
Remedies they Demand. By Alexander Johnstone have the potency imagined by “ reciprocitarians” as a remedy
Wilson, Author of “ The Resources of Modern Countries.” is
proven, he thinks, by the fact that protection has never enabled
Pp. 192. London : Longmans, Green & Co., 1879.
our own country to build up any considerable export trade in
This work (says the preface) deals alone with some of the
manufactures. Too much, he claims, has been said about the
practical questions at issue in modem English banking. “ All wonderful progress of the United States as a manufacturing
our banks, joint-stock and private, require to be reduced to
country.
\ x
order, to be protected against themselves.” As the opening
Its progress, he says, is based almost entirely- on its marvel¬
chapter, the author reprints an essay of his from the Fortnightly lous agricultural development. Stop that development and re¬
Review, August, 1878, scarcely two months before the Glasgow duce the profits of American agriculture by keener competition
Bank failure. In that he drew a strikingly vivid picture of the or greater production in Europe, and, above all, in England,
ana the manufacturing industries of the States would, if still
remarkable contrast between the universal dullness of trade and
protected, perish. As it is, they languish rather than flourish.
the apparently extreme prosperity of the joint-stock banks. * * * By reason of the extent
ana richness of their soil, and
Dividends not diminished but in some cases increased ; reserves of the ease with which its cultivation can be taken up, the peo¬
and deposits apparently increasing; the London bankers, in ple of the United States can at present afford to pay for the
uxuries of native industries a £rice that no old European counspite of the comparatively greater scope they enjoy for busi¬ ;ry can stand. Viewed in relation to her capacity in this direc¬
ness, paying relatively light dividends; the banks in agri¬
tion the marvel is, not that the States have not yet established
cultural regions, in spite of the long depression in agriculture, their textile industries on a secure basis, but that they have not
paying the highest rates of all;—these are some of the appa¬ swept us from the field. * * * * The position now gained can
rently unaccountable phenomena noted. The explanation Mr. only be kept at a sacrifice which the people of the States are
every year growing less willing to bear.
* * * Granting
Wilson found to be what subsequent events proved—that reck¬ that the
spurt visible in the Union since January, 1879, has an
less use of credit on business operations really unsuccessful enduring character, it would not avail the “reciprocitarians,”
had made a temporary profit, at the risk of insolvency at last; for the simple reason that it is not based on prosperity in the
the process was one of “ Kiting,” good if settling day could export of manufactures. That is the source of our prosperity,
not selfish exclusiveness ; and if the United States tariff proves
only have been always deferred.
*
anything it surely proves to demonstration that articles manu¬
The Glasgow Bank, he declares, did only what its neighbors factured under it are sure of no extensive market outside the
all did. “ Its managers made away with other people’s money, tariff ring fence.
In treating of the effect of American competition on British
and hid the theft for years, because they were slaves ; but
they became slaves by doing in the first instance just as their agriculture and land laws, Mr. Wilson begins by showing that
neighbors did, and to the last they stole in proper banking every year Great Britain’s dependence upon foreign food,
form.” This strong language is further explained, in a para¬ grains, and other necessaries of the kind, increases. He then
graph from which we quote a few sentences, illustrating, in takes up the question whether any remedy for the British
farmer and farm-laborer is to be found in protection and the
case of the Glasgow Bank, the effects of “ the antiquated and
pernicious habit of_ drawing Oriental and colonial bills at six peculiar sort of reciprocity already explained. He says :
On the capacity of the United States for feeding us cheaply
months after eight.”
we may be said as a manufacturing nation to depend for our
The bank placed itself entirely in the power of the customers
very existence, and yet that capacity, as now displayed, js
in question. It dared not refuse to “ accept ” the bills drawn
threatening to ruin the British farmer.
* K * We in
it by them, because the refusal would at once have
on
Great Britain a temporary
“
“
“
“
“
“
“
“
206
***
“
IHE CHRONICLE
this country place no restriction whatever on the importation
of all kinds of agricultural produce from the States, with the
single exception of live cattle. It is felt, therefore, and justly
felt,
to be a most grievous hardship that they should, by the
“
application of a tariff worthy of the dark ages of Spanish
tyranny, almost completely shut our goods, in dull times, out
“
of their markets. They refused to let us barter our produc“
tions for theirs, and will only take from us hard cash, or the
“
equivalent of such in the shape of bonds of their debt. Their
“
fiscal policy is thus frankly one-sided and exclusive.”
Coming to the answer to the important question raised, Mr.
Wilson replies that England cannot and dare not take any step
which would tend to raise for the masses the cost of
living.
The nation has outgrown the productive capacity of the land;
the dilemma is, cheap food or famine ; and cheap food can be
had only from abroad. The cities are overcrowded ; the rural
population is absolutely less than it was eighty years ago, and
“
“
still tends to decrease.
“ We have become a nation of artisans
“
and manufacturers which cannot grow
“
is
“
what
“
sell
make ; in no
must be able to
we
our
produce cheaply.”
The remedy he
people. The land-owning class must give way in time,
“ejectment by revolution.”
The foregoing shows that this book is not wanting in bold¬
ness, vigor, and radical liberalism.
meet
fplmxjetanj 1 (tiommzxtinX %uqUsU
RATES OF EXCHANGE AT LONDON AND ON LONDON
AT LATEST DATES.
EXCHANGE AT LONDON—
February 13.
On—
Time.
Paris
Paris
Amsterdam.
Amsterdam.
...
Frankfort...
■Genoa
a
■St.Petersb’rg
a
Copenhagen.
Bombay
60 days
ii
....
Hong Kong..
Shanghai....
•mm
•
•mm
13
Short.
25*19
•
•
•
12
Short.
12*4
•
12
12
....
Short.
Short.
f
12
Is.
Is.
8iied.
Sijed.
our own
The Liberals have of late
making promises to the Irish party which they never mean
fulfil, with a view to secure their votes. Promises of an
inquiry being made into the views of the Home Rule party are
made, but it can scarcely be believed that they will be followed;
up, even if those who have made them succeed in obtaining a
seat in Parliament.
move
the
of
a
True Liberals are much chagrined at this
section of their party, and they greatly fear that at
general election
Government
or
many moderate Liberals will vote with the
not vote at all. Perhaps Lord Beaconsfield was
right when he said that such
a
policy
means
nothing else than
3 mos.
policy false to their Sovereign and their country,
they would live, soon to regret the responsibility which
by their conduct they are incurring.
The supply of floating capital,
though it has been diminished
by the revenue payments, is still very large, and though the
foreign exchanges are mostly adverse to us, there is no export
of gold of any considerable importance.
Coin continues to be
returned from provincial circulation, and the
supply of gold
held by the Bank of England remains large. Government con¬
tinues to repay the Bank the loans they have had, and conse¬
quently the increase in the Treasury balance makes slow
progress for the time of year. The circulation of notes has,
however, increased, and there is a diminution of £692,454 in the
total reserve. The proportion of reserve to liabilities,
owing
to the diminution of the latter, has risen from 47*62
per cent to
48*26 per cent. The Bank of England appears to be
transacting
very little discount business, “other securities” having de¬
clined to the extent of £176,751. Money, however, is in demand
in the open market, and the augmented
inquiry has induced
the discount houses to raise the rate of interest
they allow for
deposits to the extent of one-half percent. The rates for money
a
and that
under:
Per cent.
3
Bank rate
Open-market rates—
30 and 60 days’ bills
27*90
24}.
214@238
3 months’ bills
Open-market rates—
Per cent.
4 months’ bank bills.
212'S)2^q
6 months’bank bills
278®3
4 & 6 months’ trade bills.- 3 @3*2
•-
The rate of interest allowed by the joint-stock banks and
discount houses for deposits are as follows :
Feb.
Feb.
Feb.
Feb.
Feb.
fFrom
lease of power.
to
are now as
25*18
20*54
@18*42
Alexandria..
•
Rate.
2514@253s
4714@4712
4714@4712
525s@52%
a
90 days
3 mos. 18*38
Calcutta
Time.
Date.
•
Antwerp .1..
....
Latest
Short. 25*15 @25*25
Feb.
3 mos. 25*37 ^@25*42 *2
Short. 12*0
@12*1
Feb.
3 mos. 12*234 @12*314
a
25*40 @25*45
Feb.
a
2054 @20*58
Feb.
a
20*54 @20*58
a
20*54 @20*58
a
23’4212@28*4712 Feb.
Berlin
•Cadiz
Madrid
Lisbon
EXCHANGE ON LONDON.
Rate.
a new
dismemberment of the United Kingdom. He did not care on
which side of the House a man sat, but he considered those N\rho
to the
Hamburg
ernment with
been
a
proposes is to double the capacity of the land by delivering it
from its bondage to a few great proprietors and giving it hack
or
treaty has been signed by the Sultan abolishing slavery
throughout the Turkish Empire. The effect of the Queen’s
speech has certainly been beneficial, and it is expected, though
it must be admitted that the result is doubtful, that at the
general election the Conservatives will be intrusted by the Gov¬
a
food for itself, and it
existence that we should sell
other way can we live, and in order to favored such
absolutely essential to
we
that
[Vol. XXX.
13
13
13
13
13
3
6
mos.
973g
mos.
Is. 85i«d.
Is. 83sd.
3s. 934d.
5s. 3d.
it
if
ii
correspondent.!
London, Saturday, February 7,1880.
There has been a decided change in the position of the
money
market this week, and the rates of discount in the
open market
have risen % per cent. No accommodation is now obtainable
■Tinder 2% per cent.
J oint-stock banks
Discount houses at call
Do
with 7
Per cent.
1
or
14
days’ notice
13*
Annexed is a statement showing the present position of the
Bank of England, the Bank rate of discount, the
price of Con¬
sols, the average quotation for English wheat, the price of
Middling Upland cotton, and the Bankers* Clearing-House
return, compared with the three previous years :
1880.
Circulation, including
bank:p
post bills
1879.
£
1878.
£
£
1877.
£
27,662,565
31,759,993 27,473,627 28,143,461
Public deposits
4,681,854
5,915,039
3,405.387
5,613,338
Other deposits
27,832,640 29,025,368 22,777,387 23,420,174
Governm’t securities. 16.804,788 15,441,047 15,199,089
16,001,441
Other securities
18,061,381 23,988,089 17,765,360 17,787,156
Res’veof notes & coin 15,827,487 13,947,891 12,837,664
13,562,473
Many believe the improvement will be
maintained, as there has for some time past been considerable
speculative activity on the Stock Exchange, and the value of
Coin and bullion in
securities has advanced to an important extent. The trade of
both departments.. 28,213,292 30,404,361 25,003,899
26,376,903
Proportion of reserve
the country is also fairly active, and a larger supply of
capital
to liabilities
48-26
39*2
46^8
461a
must soon be necessary to conduct the financial and commercial Bank rate
3 p. c.
3 p. c.
2 p. c.
2 p. c.
Consols
98%
96i4
953q
95%
business in progress. Parliament has met, and Ministers assure Eng. wheat,
45s. 3d.
av. price
38s. 4d.
51s. lid.
52s. 7d.
the country that there is nothing in our relations with other Mia. Upland cotton
734d.
5%6d.
6i4d.
6i316d.
Clearing-House ret’n. 149,391,000 111,116,000 115,022,000 102,434,000
countries calculated to produce uneasiness,
though they admit
Bar gold has been in moderate demand for the Continent
that the future of Afghanistan is involved in some
uncertainty
and that we are not in a position at present to leave the
country during the week and sovereigns have also been required for
and retire within our new frontier. The leaders in each House export to South America. In bar silver very little business has
been done ; supplies are small and the market is
have positively assured the country that their
steady in tone.
policy remains
the same, and that annexation of
Very
few
Mexican
dollars
have
arrived
and
prices are unchanged.
territory is altogether out of
the question. A strong Northwestern frontier, which will afford The following quotations for bullion are from the circular of
security to India, has been obtained, and what is now required Messrs. Pixley & Abell:
gold
s.
d.
is to pacify the Afghans, and establish as
s.
d.
quickly as possible a Bar gold, fine
oz.
per
standard.
77
912'a)
modus vivendi with them. This is,
however, a difficulty; but Bar gold, contain’g 20 pwts. silver per oz. standard. 77 11 @
doubloons
per oz. 75 0 @ 75 6
probably when the Afghans are assured that we have no inten¬ Spanish
South American doubloons
73 812/a>
per oz.
tion of interfering either with their faith or with the form of United States gold coin
peroz
76 3*2©
German gold coin..
peroz. 76 3
government they may choose, it will not be long before a peace
silver.
d.
d.
is concluded, or the
treaty of Gaudamak confirmed. Ministers Bar silver, fine.
peroz. standard. 52-9j6 @
....
are sanguine about a
silver, contain’g 5 grs. gold
per oz. standard. 52i»i6@
continuance of the peace of Europe Bar
Cake silver
!
per oz. 56% ®
notwithstanding the vast armaments, and that it is possible to Mexican dollars
..peroz. 51 x4 @
Chilian dollars
,
..
......
..
......
c
....
....
exercise
some
influence
over
the Turk is evident from the fact
Quicksilver, £7 5s. Qd.@£7 10s. Od.
@
per cent.
peroz
Discount, 3
....
.
February
the amount of £450,000 were disposed
Wednesday at Is. 8 3-16d. per rupee.
following are the current rates of discount at the prin¬
EXPORTS.
.
India Council bills to
of
on
The
cipal foreign centres:
Paris
Amsterdam.
Brussels....
Berlin
Hamburg...
Bank
Open
rate.
Pr. ct.
3
3
market.
3l£
4
4
4
207
THE CHRONICLE,
28, 1880.]
Pr. ct.
258®278
3
3!8®338
214@2j2
2is 3)238
2i4@2 4s
Vienna
Bank
Open
rate.
Pr. ct.
market.
Pr. ct.
...
Madrid, Cadiz &
Barcelona...
Lisbon & Oporto.
8t. Petersburg
..
..
Calcutta
4
33t®4
4
4
6
5i2@6
3%®4i4
4
W5
Wheat
1879-80.
1878-9.
440,235
857,884
10,440
67,552
.cwt.
.
Barley
Indian com
Flour
The Board of Trade returns
\
1876-7..
575,115-
60,460
12,743
10,305
49,755
22.215
65,655
12,958
15,610
224,079
17,317
12,730*
for January have been issued
as of a satisfactory character.
to-day and they are regarded
The following are the leading particulars:
„
1880.
1879.
1878.
A.
1877-8.
917,810
23,925
48,181
8,698
3,619
144,736
42.022
43,497
72.087
16,230
446,236
57.085
Oats
Peas
Beans
-
32,372,907
4
Copenhagen...
4
Genoa
-3)6
4
16,912,858
New York
4
3i2
3)4
Geneva....
A large increase both in our imports and exports is thus appar¬
Tenders were received at the Bank of England on Wednesday ent. The
exports of cotton piece goods in January were as
for £1,476,000 in Treasury bills. Those at £99 9s. 9d. for three follows:
1880.
1879.
1878.
months’ bills received 74 per cent, and above that price in full.
Yards.
Yards.
Yards.
Exported to—
The Government is therefore paying rather more than two per
3,586,800'
3.751.500
Frankfort..
.
.3*2®4
3i2®4
loans*
Colonial Government loans continue to be a very popular
security, and the South Australian loan has proved to be a
great success. The amount asked for was £3,294,600, and the
applications reached a total of £14,996,700, prices varying from
£92 10s., the minimum, to £102 10s. 6d. Tenders at and above
£93 17s. 6d. received allotments in full and those at £93 17s.
about 35 per cent. The bonds bear interest at 4 per cent per
cent for these temporary
annum.
The stock markets
during the week have
continued very
buoyant, and some additional railway dividends of a favorable
character having been declared, British railway shares have
again improved in value ; but since the money market has
shown so distinct a tendency to improvement during the last
two days, some desire to realize is now evinced. The prospects
for the railway companies are, however, good, as trade is
improving, and a fair degree of activity is expected during
especially if the weather should be favorable
The increasing firmness of the money market,
however, necessitates more caution on the part of speculators,
as the facilities for speculation are now becoming more restricted.
The weather has completely changed, and after four months
of almost uninterrupted hard frost, and scarcely any rain, the
temperature has become quite mild, and to-day is the first very
wet day since the copious Summer rains ceased. Farmers are now
very busy with ploughing and seeding, and the land is in very
good condition for planting the Spring crops. The whea trade
the year, more
for the crops.
Imports in January
Exports in January
30,609,956
15,423,911
7,954,100
Germany
4,967,000
5,971,300
Holland
France
5,355,400
6,881,500
Portugal, Azores & Madeira.
Italy
859,400
1,934,800
Austrian Territories
Greece
Turkey
West Coast of Africa
United States
:
Foreign West Indies
1
States
3,717,900
5,821,900
1.604.600
6,544,700
5,444,000
4,627,600
612,100
3,985,600
3.490.400
12.207.300
2.140.300
3,649,000
2.299.100
2.775.400
38,759,200
4.510.500
5.164.400
2,076,100
x
(New Granada)
14,752,400
Brazil
2,900,000
8,188,700
Uruguay
Argentine Republic
3,676,800
Chili
^
P«rn
700
.'!*.!!!*
26J>96!300
Java
—
4,645,300
Philippine Islands
:.
China and
Hong Kong
Japan
Gibraltar
Malta
British North
America
British West India Islands &
Guiana
British Possessions in
South
Africa
2,029,600
1,621,300
Madras
Bengal
4.613.800
3,043,900
2.633.400
3,794,800
1,493,600
2,065,200
1,956,100
29,631,200
25,829,100
45,350,300
801,800
5.647.700
4,343.800
19,787,600
3.800.100
46,440,900
6.153.300
2,004,600
3,461,000
14.969.300
229,721,400
193.189,400
251,266,000
1,127,300
979,300
954,400
7,839,200
81,199,100
7,155,000
2,349,500
predominating
3,297,400"
19.759.200
3.589.600
4.812.700
5.347.800
1,306,400
42,522,400
5.669.600
7,114,500
5,032,600
1.336.700
7,023,700
Ceylon
Total unbleached or bleached
Total printed,dyed,or colored
Total mixed materials, cotton
2.563.300
23,344,000
10,266,300
3,025,600'
11.139.200
3,737,200
2,559,200'
823,100
2.552.300
Straits Settlements
Australia
Other countries
4,989,000
4.393.300
5,872,900
6,072,800
672,000
1,167,000
940,100
4,482,000
British India—
Bombay
2.105.500
28,837,800
7.442.500
5,734,400
of Colombia
7.519.600
6,042,400
4,823,800
6,114,200
1.657.300
18,543,900
8,998,200
Egypt
Mexico
United
26,367,046
14,196,578
85,840,400
83,164,000
70,074,700
15,483,100
2.196.700
3,433,200
21,845,700
104,986,000
316,689,100
277,332,700 357,208,400
Total
during the week has been exceedingly quiet, but there has been
material change in prices. Now that the Winter appears to
London, Saturday, February 14, 1880.
have broken up, there seems to be less likelihood of prices ris¬
The money market continues in a very easy condition, thoughing. On the contrary, the belief is that American supplies will
the recent improvement is very satisfactorily maintained. The
come forward more freely, and that our requirements will be
Bank rate is only 3 per cent and in the open market the best
liberally met.
bills
are taken at 2% to 2% per cent.
An additional feature
During the week ended January 31, the sales of home-grown
wheat in the 150 principal markets of England and Wales of some importance is that, in consequence of the improvement
amounted to only 34,852 quarters, against 55,334 quarters last in the value of money in the open market, the exchanges, as
year ; and it is estimated that in the whole kingdom they were far as the Continent is concerned, are more favorable to us, and
139,500 quarters, against 221,500 quarters in 1879. Since harvest there is less probability of gold going abroad. Sovereigns are
the sales in the 150 principal markets have been 703,637 occasionally taken for specific purposes, but the demand for
quarters, against 1,243,948 quarters ; while it is computed bar gold is upon a very restricted scale, and is now reduced to
that they have been in the whole kingdom 2,814,600 quarters, what may be termed the minimum point. It is very generally
against 4,976,000 quarters in the corresponding period of last understood that the greater portion of the commercial business
season.
Without reckoning the supplies furnished ex-granary conducted of late has been upon a cash basis, or what is very
at the commencement of the season, it is estimated that the closely allied to it—drafts drawn for short periods.
The
following quantities of wheat and flour have been placed upon improvement in trade has not led to any material increase im
the demand for money, or to any perceptible augmentation ia
the British markets since harvest:
1878-9.
1877-8
1879-80.
1876-7
the supply of mercantile paper. Were it not for the fact that
Imports of wheat.cwt.30,253,239 21,869,497 26,480.473 16,161,632 the Stock Exchange has been prosperous, and that there have
Imports of flour
5,282,463 3,397,344 3,617,984 2,651,151
Sales of home-grown
been large profits in that establishment, the result of which has
produce
12,196,500 21,561,700 18,018,500 19,381,000
been that the banks have benefitted considerably from the
Total
..47,732,202 46,828,541 48,116,957 38,193,783 advances
they have made upon securities in addition also to
Deduct
exports
of
*
facilities
the
they have afforded for speculation, the banks
wheat and flour
497,320
899,906
940,055
592,432
would be just now transacting a very indifferent business.
47,234,882 45,928,635 47,176,902 37,601,351
Result
There are still complaints that the supply of mercantile paper
Av’ge price of English
wheat for the season.
47s. 6d.
40s. 9d.
53s. 9d.
4£s. 8d. shows no material increase, but it is hoped that there will be an
The following figures show the imports and exports of cereal improvement in this respect as the year advances.
The
produce into and from the United Kingdom since harvest, viz., weather of late has been very genial and Spring-like. The
from the first of September to the close of last week, compared night frosts have been very slight, and the unusual severity of
with the corresponding periods in the three previous seasons:
the weather of November, December and a large part of Janu¬
IMPORTS.
ary has entirely disappeared.
Many are hoping for an early
1879-80.
1878-9.
1877-8.
1876-7.
Spring and an early season. It need scarcely be said that an early
Wheat
cwfe.30,253,239 21,869,497 26,480,473 16,161,632 and a favorable
agricultural season would be a great boon to
Barley
7,989,323 6,075,855 7,005,981 . 6,451,561
Oats
6,936,936
5,647,470
5,336,137 4,844,716 the country, and if the agricultural classes should become more
Peas
1,163,640
697,811
812,197
895,498
Beans.....
1,302,987
583,498
178,149
1,921,179 prosperous, there would certainly be a strong developmentof
Indian com
9,978,673 12,872,681 12,808.108 14,710,524 our home trade, The distress amongst the farmers is very
3,617,984* 2,651,151
Flour
5,282,463
3,397,344
no
.
208
THE
CHRONICLE.
great, and no substantial relief can be afforded until a full
harvest has been secured. Even this would be only a
partial remedy, as it is scarcely possible that the effects of four
indifferent seasons, accompanied by
heavy losses, are to be
rectified by one favorable season. Politicians, and
certainly
those with a conservative bias, recommend
patience in poli¬
tics, in order that full effect may be given to the treaties of the
last few years; and it may, with
equal justice, be said that
farmers will have to be patient, if they are to recover the
posi¬
tion they have lost. Very
probably the land will, in many
localities, be tilled by a less conservative race of farmers, and
the soil will be cultivated to produce those
descriptions of food
which are less likely to meet with serious
competition from
foreign producers. But in order to accomplish this^some
changes in the laws of tenure are necessary, though there is
average
to believe that landlords have in
many cases modified
their agreements, and resorted to measures more in accordance
with the necessities of the times.
reason
The
principal feature in the
has been
money
market during the week
demand for short loans, which have been in
request,
owing to the settlement on the Stock Exchange. The demand
a
for money for mercantile
purposes has been very
and the rates of discount are easy, as follows:
Per cent.
Bank rate
Open market rates—
3
Open-market rates—
30 and 60 days’ bills.:... 214®238
3 months’ bills
214a>238
The rates of interest allowed
discount houses for
deposits
Joint-stock banks
Discount houses at call
do
with 7
*
Per cent
4 months’ bank bills
21e®358
6 months’ bank bills
25s?z>234
4 & 6 months’ trade bills. 3 ®> 3*2
by the joint stock banks and
subjoined :
Per cent.
*
or
In two instances 2 per
Annexed is
are
moderate,
14
days’notice
1
1 *2
li^
134
cent.
statement
showing the present position of the
England, the Bank rate of discount, the price of consols,
the average quotation for English
wheat, the price of middling
upland cotton, of No. 40 mule yarn fair second quality, and the
Bankers’ Clearing House return, compared with the three
a
Bank of
previous
years:
1880.
Circulation, including
bank post bills
Public deposits
Other deposits
Governm’t securities.
Other securities
Res’ve of notes & coin.
Coin and bullion in
both departments
..
Bank rate
Consols
Eng. wheat, av. price.
Mid. Upland cotton...
£
1879.
£
27,040,967
1873.
£
30,704,675
1877.
£
24,042,582
16,542,770
26,872.065
5,697,255
22,262,850
15,899,089
17,784,709
15,636,623
16,001,441
17,818,123
13,226,642
13,996,824
28,314,000
31,063,358
25,S09,342
26,438,259
5,972,569
26,951,6G4
16,481,000
18,091,000
28,505,430
14,672,501
3 p. c.
97 7g
44s. 2d.
7,431,561
3 p. c.
38 s.
4d*.
2 p. c.
27,839,295
6,632,608
22,890,468
2 p. c.
95^
51s. 5d.
6 igd.
52s. 3d.
lOd.
lid.
9534
| VOL. XXXI
large increase in our imports over our exports, and conserva¬
tives, or protectionists, have been looking aghast at the
figures
as presented in the Board of Trade
returns. But the returns,
though perhaps they are not likely to be improved, are fanciful
or conjectural to a considerable
extent. For instance, a Man¬
chester merchant, if he ships a certain
number of bales of
goods, records the value at which he purchased them. But the
real value to him is not what he
say in India, and,
other branches of
paid but what they realized,
consequently, if we extend the argument to
trade, it will be found that the value of
our exports is
greatly underestimated. It is also necessary to
bear in mind that it is equally difficult to determine the
value
of our imports.
It is impossible for Government clerks to
ascertain what price our merchants
paid for their produce at
the port of shipment or at the
place of production, and to
calculate what benefit our ship owners and insurance
companies
derive from the conveyance or insurance of the raw material
or
the various articles of food to our
leading ports. One thing is
certain—that, in spite of adverse criticism, free trade is by no
means
impoverishing us, but, on the contrary, the country is
showing increasing signs of wealth, in spite of the very serious
crisis we have had to encounter
during the last six years. Not¬
withstanding the losses and disasters of the ‘last six years, the
country has paid its debts and its losses, and there is capital
left to conduct a large trade, and w*e are still able to
produce
as cheaply
as any other nation in the world, provided food
remains cheap, and we are in a
position to settle satisfactorily
the disputes which are frequently
recurring between employers
and employed. These latter difficulties are a
great drawback
to the prosperity of the
country, and a satisfactory adjust¬
ment of them still seems, in
many branches of trade, remote.
Both masters and men are
unjust to themselves. Wages have
now been reduced to a
very low point; but improving trade
makes the workingman more
ambitious, and agitations for a
higher scale of payment have already been commenced. .If
our trade should continue to
improve, we’shall certainly be
troubled with labor disputes, which are not
profit but loss to all
our
concerned.
In the wheat trade business has been
quiet during the week,
telegraphic advices from New York being unfavor¬
able as regards the shipments to this
country, the tone has
been firm and prices have somewhat
improved. A leading
feature in the trade is that as our
imports of late have been
below our requirements a large inroad has been made into our
accumulated supply of foreign wheat and flour. The
supply of
but the
wheat and flour afloat is known to be
considerable, and
weather is very mild, the belief prevails that Eastern
as
the
Europe
larger supplies in a very short
to liabilities
period. Millers operate with great caution. Any one, how¬
49*82
4311
46*82
46^2
Clear’g-house return. 92,811,000 76,825,000 86,085,000 95,474,000
ever, who takes the trouble to inquire into the question is
well
The following are the current rates of discount at
aware
that we have a very limited
the princisupply of home-grown prod¬
pal foreign centres :
uce, and that the quality is very unsatisfactory.
Our depend¬
Bank
Open
ence
Bank
Open
upon foreign countries was probably never greater thau
rate.
market.
rate.
market.
it is now, and for some weeks to come the
Per. ct.
Per ct.
Per. ct.
Per ct.
consumption of bread
Paris
3
258'2>27g Vienna
4
3 34® 4
is likely to be at its maximum
Amsterdam
3
3
point. Potatoes are bad and
Madrid, Cadiz <fc
Brussels
4
2 34® 3
Barcelona
4
4 ®5
high in price ; and vegetable food, owing to the very severe
Berlin
4
23*®3
Lisbon & Oporto.
6
51i>®6
4
Hamburg'....
Winter,
is just now very scarce and dear. Bread, therefore, at
258@278 S t. Petersburg... s 6
5^'®614
Frankfort
4
2%®3
Calcutta
4
6d
to 8d the four-pound loaf, or
to 2d per lb, has become a
4
Leipzig
3 ^3^4. Copenhagen
3 *2 S4
312 « 4
Genoa
4
4
more
New York
4
general article of consumption, for what food so ready
®0
Geneva
4
3*2® 4
No. 40 Mule yarn
Proportion of
reserve
73sd.
5h«d.
8 hid.
6%d.
will be able to furnish
us
with
.
for
is obtainable at
so low a
price. The future of the wheat
has, for a long time past, been a matter of great uncer¬
tke question of free trade, and the
advantages of reciprocity tainty, and there appear to be as many who believe in
higher
were advocated;
but, as might have been expected, they rates as there are those who think that
there will not be much
were rejected as doubtful
by a large majority. The question variation from the prices now current. The season is
favorable
is certainly a very simple one as far as this
country is concerned. for planting, but the belief is that farmers have not devoted much
We require a large amount of extraneous
assistance in the attention to the production of
wheat, barley, oats, beans and
matter of our food supplies, and to tax our food
would be a tax peas, and vegetables
pay better, and where practicable these
upon interest. To the taxing of wines,
spirits and tobacco no articles are cultivated. '
one objects, as those articles are not
necessary to existence ; the
During the week ended February 7, the sales of home-grown
question is confined therefore to whether we shall tax a few
produce in the 150 principal markets of England and Wales
articles of foreign
manufacture, the revenue to be derived from amounted to 37,315 quarters,
against 63,738 quarters last year;
which would be so trivial
that, in a financial point of view, it atid it is estimated that in the whole
kingdom they were 149,500
would be scarcely necessary to discuss the
question. Reciproc¬ quarters, against 255,200. quarters in 1879. Since harvest
the
ity, in faet, comes to this—that if it were adopted a
very deliveries in the 150 principal markets have been
740,952 quar¬
limited class would be benefitted, and we should
be taunted with ters, against 1,307,686
quarters; while in the whole kingdom it
having made some departure from free-trade principles, to is
computed that they have amounted to 2,964,000 quarters,
which the majority of
Englishmen are not only committed, but against 5,231,000 quarters
in the corresponding period of last
who also believe that those
principles are sound and are con¬ season. Without
reckoning the supplies furnished ex-granary
ducive to the best interests of the world. It is
very certain at- the commencement of the season, it is
computed that the
that we cannot import what we cannot
pay for. During the following quantities of wheat and flour have
been placed upon
last three years Jhere has been much discussion
respecting the the British markets since harvest: *
There
was a
debate in the House of Commons last
night on
use
trade
1876-7.
1877-8.
1878*9.1
1879*80.'
22,649,009 27,354,594 16,972,411
5,408,906
3,538,870 3,842,048 2,755,689
Imports of wheat.cwt.30,958,605
Imports of Hour.
Sales
of
.
home-grown
produce
12,843,200 22,686,600
18,360,200
20,913,600
49,210,711" 48,835,079
49,556,842
40,643,200
938,957
973,960
593,122
47,916,122 48,532,882
40,043,078
53s. 8d.
46s. lOd.
Total
of
Deduct
exports
wheat and Hour
546,173
...48,664,538
Av’ge price of English
47s. 5d.
wheat for the season.
Result
40s. 8d.
English Market Iteports—Per Cable.
Tlie daily closing quotations in tlie markets of London and
Liverpool for tlie past week, as reported by cable, are sliown in
the following summary:
London Money and Stock Market.—The bullion in the Bank
of England has increased £77,000 daring the week.
21.
,d. 52
98%6
Silver, per oz
Consols" for money
Consols for account
U. S. 5s of 1881
U. S. 4ies of 1891
U. S. 4s of 1907...
98%
98%
98%
105%
105%
110%
105%
110%
10934
49%
106%
5334
35
109%
47%
105%
53%
34%
110%
109%
463s
110%
109%
105
54
105
98 %
106
11034
10978
10978
493s
491s
106%
5334
3134
106%
105%
54%
Philadelphia* Reading. 353$
Pennsylvania
•
s.
“
10 10
California club.
“
11 3
Com, mix.,W.oldW cent’l 5 9
do
do
new.
“
5 8
Av. Cal. white..
5
d.
3
15
15
11 2
10 9
11
8
11 10
11
1
11 7
5 11
10
11
11
11
-11
5
5 10
5
8
11
Pork, West, mess.. $bbl. 57
Bacon, long clear, cwt. .36
Short clear.
“
38
Beef, pr. mess, $ tierce.80
Lard, prime West. $cwt.39
Cheese, Am. choice “ 73
0
0
0
0
3
Pet’leum, ref. $ gal...
Pet’leum, spirits “ ..
'a)
'a)
57
36
39
80
39
0
0
0
57
36
38
0
3
..
..
rd)
57
36
38
80
.39
0
d.
15 3
11 1
10 8
11 7
11 9
11
0
11
5
5 10
5 9
Tot. since Jan. 1, ’80
Thurs.
d.
s.
57 0
36 6
38 G
79 0
Wed.
d.
6
Fri.
d.
57 0
36 0
38 0
79 0
39 3
73 0
.
.. .
'a)
'a)
..
..
.
.
^
®
..
..
..
..
7%'S>7%
..
®
®
Payments.
23...
24...
“
25...
“
26...
27...
7,632,790 91
(1,239,613 17
i,349,228 22
2,241,595 36
1,386,593 93
100,998,750 22
102,225,835 01
102,885,419 26
101,941,158 97
Paul & Pacific
Vincent extension, from
Breckinridge to St. Vincent; and the
branch from East St. Cloud to Alexandria. For the purpose of
comparison of the gross earnings of these sections with the last
six months of 1879, the following is made :
1878.
Freight
....
...\.
....
Rents
Miscellaneous
-
+
Totals
Increase in the last half of
FOREIGN IMPORTS AT NEW YORK FOR THE
260,997
9,359
13,714
3,063
3,087
.1
1880.
on
....
$2,155,705
$2,868,726
Total week
Prev. reported..
$5,253,264
41,171,167
$6,456,383
37,815,377
$6,813,985
37,747,233
$9,273,000
60,361,918
—The statement
this issue of the Chronicle.
$44,271,760 $44,561,218 $69,634,918
Prioe.
22,687
88,440
$49,329
431,861
111,128
$481,190
$49,329
47,456
37,735
-
551
5,751
^
$2,587,526
v
$140,824
'
:
102
$5,966
of the Continental National Bank appears in
Selling price
under the
*
Acres.
Total receipts.
$2,484,333
6,404,274
$1,361,944
433,637
$928,306
town lots
Dry Goods......
$46,424,431
'
1879
Number of town lots sold
Total s’ce Jan. 1.
$974,532
321,027
19,693
16,115
20,254
10,640
—The following is an abstract of the operations of the land
department of this company for the six months ending Dec,
Received
4,658,280
1879.
•
$638,083
..
merchandise) Feb. 20:
3,868,857
7,061,867 83
6,772,319 23
6,352,838 80
6,132,483 03
Minneapolis & Manitoba.—In 1878 the gross earn¬
Express
..
$
6,851,442 65
were reported in four different returns, representing as
many sections of the road. These were the St.
first division, from St. Anthony to Breckinridge ; the St. Paul
& Pacific main line, from St. Paul to Sauk Rapids; the St.
compared with those of the preceding week, show 31, 1879 :
and general merchandise. Amount of cash sales
against $8,207,246 the pre¬ Amount of sales on credit
ceding, week and $8,469,472 two weeks previous. The exports
Total amount of sales
for the week ended Feb. 24 amounted to $6,147,484, against
Received
on cash sales
$6,825,443 last week and $5,725,001 the previous week. The
on lands contracted
following are the imports at New York for the week ending Received
Interest received on lands contracted....
(for dry 'goods) Feb. 19 and for the week ending (for general Received on sundries
2,768,931
Currency.
100,447,364 18
increase in both dry goods
The total imports were $9,273,000,
General mdse...
Balances.
$ "
1,541,981 82
58
an
WEEK.
1879.
$1,293,708
Gold.
week,
1878.
$54,436
Same time in1871
$2,707,515
1870.....
3,064,381
1869
2,097,452
1868
599,929
$
545,049 01
Holiday...
587,417 00
1,304,059 17
1,146,490 11
2,706,597 88
St. Paul
Exports for the Week.—The imports of last
1877.
984
21,899
1,239,272
ings
Fri.
d.
Thurs.
d.
20,523
$5,357 gold)
($505,949 silv., and $737,759 gold)
1,113,191
21...
Total
s.
6
0
600
415
'.Am. silv. coin..
Trade dols
Same time in—
I
Same time in1879
$2,098,505 1875....^ $1,331,828
1878
2,895,274 1874
918,037,
1877
2,324.063 j 1873
203,725
1876
575,969 1 1872
275,013
“
©nmmcrcial audipj'scellaucaxxs l^exxrs.
Imports and
Hayti
Germany
1,729
3,007
Previously reported ($456,870 silv., and $782,402 gold)
“
15 3
11
2
10 9
11 8
11 10
11
1
11
7
5 11
5 10
39
73
9
Atlas
Weser
Total for the week ^$49,079 silver, and
Feb.
s.
21
572
Am. silv. coin..
Am. silv. coin..
Mails
-
..
d.
0
6
6
0
73
Tues.
d.
6i8
'a)
s.
Venezuela
San Domingo
Passengers...:.. *
d.
6
0
0
s.
Mon.
..
40
73
d.
0
73 0
London Petroleum Market.—
Sat.
d.
80
d.
0
0
0
0
s.
Wed.
!
Tues.
Mon.
Emma Dean
St. Domingo
j
Liverpool Provisions Market.—
Sat.
s.
d.
$670
2,533
1,483
Receipts.
Fri.
Thurs.
s.
d.
3
2
9
8
10
1
7
1L
10
British West Indies. Am. silv. coin..
Cuba
#.
Am. silv. coin..
U. S. of Colombia. ..Am. silv. coiu..
Am. gold coin..
For. silv. coin..
For. gold coin..
Gold bullion...
Gold dust
53%
34%
35
Wed.
d.
s.
Tues.
14 9
10 11
10 6
4
11
11
6
10 10
11
3
5 9
State) $ cent’l. 14 9
Wheat, spr’g, No. 2,1001b. 10 11
Spring, No. 3...
“ 10 6
Winter,West.,n.
11 4
“
Southern, new.
“
11 6
Flour (ex.
17—Str. C. of Nassau
17—Str. Santiago
17--Str. Crescent City
*•
d.
s.
Feb.
46%
Liverpool Breadstuffs Market.—
Mon.
specie at this port for the same periods have
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:
Liverpool Cotton Market.—See special report on cotton.
Sat.
8.
d.
The imports of
been as follows:
I
08%6
98316
98316
98316
98%
106%
110%
98%G
....
Erie, common stock
Illinois Central
52%
9831G
Fri.
Feb.
27.
52 «
Tliurs.
Feb.
26.
52
Wed.
Feb.
25.
52
Tues.
Feb.
24.
Mon.
Feb.
23.
52
Sat.
Feb.
1879—SBtri.g
209
CHRONICLE
THE
28, U80. ]
February
This institution continues to grow
present officers, as the showing fully attests.
our report of the dry goods trade will be found the imports
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. 24:
In
BANKING AND FINANCIAL.
of
FISK
&
HATCH,
BANKERS,
EXPORTS FROM NEW YORK FOR THE WEEK.
1879.
$7,313,838
45,133,088
$6,382,485
41,603,566
$6,147,484
42,210,850
Total s’ce Jan. 1. $42,875,118
$52,446,926
$47,986,051
$48,358,334
1877.
-
exports of specie from the port
ending Feb. 21, and also a com¬
parison of the total since Jan. 1, 1880, with the corresponding
totals for several previous years:
The following will show the
of New York for the week
Feb.
14—Str. Niagara
17—Str. France
Havana
Havre
21—Str. Weser
21—Str. Crescent
coiu, 20-fr’cs.
Am. silv. coin.
..Mex. silv. coin.
silver
Jacmel
Aux Cayes
Mex. silv. coin.
Am. gold coin..
400
London
Am. silv. bars..
50,000
Aspinwall
Am. gold coin..
4,000
Port-au-Prince
City
$64,000
1,600
5,915
30,755
5,000
..Savanilla
17—Str. Ailsa
19—Str. Atlas
Span, doubl’ns.
French
Previously reported ($765,942 silv., and $274,990 gold)
$161,670
1,040,932
($859,212 silv., and $343,390 gold)
$1,202,602
Total for the week
($93,270 silver, and $68,400 gold)
Tot. since Jan. 1, ’80
Same time in1879.....
$2,416,220
1878
1877
2,034.901
1876
6,359,835
2.186,384
Same time in1875
$13,567,041
1874
5,611,371
1873
11.163,574
1872.
2,810,367
Same time in1871
$8,909,336
1870
5,171,095
1869
6,446,461
1868
AND
1880.
1878.
$4,314,520
38,560,598
For tlie week....
Prev. reported..
11,252,016
DEALERS
IN
GOVERNMENT BONDS,
and other desirable 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 pleased to furnish infor¬
mation in reference to all matters connected with investments in Gov¬
ernment Bonds.
We
are
prepared to give information in regard to
first-class Railway
Securities and to execute orders for the same.
Buy and sell all marketable
Stocks and Bonds on commission, at the
Stock Exchange or in the open market.
Receive accounts of Banks, Bankers, Merchants,
and others, and allow
balances; and for those keeping accounts with us we
collect Q. S. coupons and registered interest, and other coupons, divi¬
dends, &c., and credit without charge.
We give speoial attention to orders from Banks, Bankers, Institu¬
tions and investors out of the city, by MAIL or TELEGRAPH, to buy or
Sell GOVERNMENT BONDS, STATE and RAILROAD BONDS, BANK
STOCKS, RAILROAD STOCKS, and other securities.
We have issued the Seventh Edition of “ Memoranda Concerning Gov¬
ernment Bonds,” copies of which can bo had on application.
interest on daily
FISK & HATCH.
2.4587—The
210
THE
CHRONICLE.
ments, interest
rvoL. xxx
bonds, rent, losses, &c., equal 9 42-100 per
and preferred stock.
The following reports of earnings are published in addition to
NATIONAL BANKS ORGANIZED.
those given in our regular table : The earnings of the Western
The United States Comptroller of the
Currency furnishes the Union Telegraph for the third week of February show a gain
following statement of National Banks organized the past week: of $30,000, and for the first three weeks $80,000. The Lake
2,456 -The Santa Barbara Comity National Bank of Santa Barbara, Shore earnings show an increase of $95,000 for the third week
Cal.
of February, and $222,000 for three weeks. The Louisville &
Authorized capital, $50,000; paid-in capital, $50,000. W.
M. Eddy, President; E. S. Sheffield, Cashier.
Authorized to •Nashville net earnings for six months (from
July to January)
commence business Feb. 21, 1880.
were $1,520,755 in 1879,
against $1,162,200 in 1878.
National Deposit Bank of Brownsville, Pa.
Authorized
%\xz jankers7 OSasetie.
capital, $50,000; paid-iu capital, $50,000. W. Cotton, President;
O. K. Taylor, Cashier.
Authorized to commence business Feb.
24, 1880. •
Second National Bank of Morgantown, West Ya.
Author¬
ized capital, $60,000; paid-in capital, $GO,000.
G. W. John,
President; John II. Hoffman, Cashier. Authorized to commence
business Feb. 24, 1880.
FRIDAY, FEB. 27,
1880—5 P. M.
Money market and Financial Situation.—In Wall and
Broad streets there has been no special excitement this week,
but, the volume of business at the Stock
Exchange has been
^
There is
'
_
slight hesitation in the general upward movement
in stocks, and it is reported with much confidence that two or
three of the heaviest operators have
recently been sellers, in
anticipation of a decline in the market next month. The gen¬
eral belief in strong and buoyant markets, both for merchandise
and securities, this year apparently remains unbroken.
The
iron trade relaxes nothing in activity or
strength of prices, and
the coal companies have had the boldness to advance
again the
prices of anthracite, although the production has been larger
a
than the demand.
Animation in one industry leads to revival
in another; even the transportation of iron and materials for the
construction of a railroad in the far West contributes a
large
the business,
item to the freights of those roads which secure
and as a single illustration of this in the
present year, the
Missouri Kansas & Texas should obtain a decided increase in
business if it gets all the freights arising from the construc¬
tion of the Texas & Pacific line.
In regard to all of the new combinations it is a
pertinent
inquiry whether they depend for their value almost entirely on
the direction of a single mind, or whether
they have such
inherent strength that the 'personnel of the
management is of
little consequence. Thus, in the case of New York Central &
Hudson, it is hardly supposable that the stock would depreciate
greatly in case of Mr. Vanderbilt’s death or retirement from
the presidency—the property is too valuable ; the
earnings are
too large.
But is this the case with Mr. Gould’s stocks? If
they hang to any great extent on the life, activity, and resources
of a single man, there is an element of risk about them which
does not pertain to the older and more
widely distributed stocks.
The money market has shown greater firmness at
times, and
brokers have usually paid 5@6 per cent for
money on call,
while Government bond dealers have paid 3@4
per cent. Prime
commercial paper sells readily at 5(d6 per cent.
The Bank of England statement on
Thursday showed a gain
of £77,000 in specie, and the reserve was 50^
per cent of lia¬
bilities, against 49% the previous week; the discount rate re¬
mains at 3 per cent.
in
The Bank of France showed
specie of 18,090,000 francs.
an
The last statement of the New York City
Clearing-House
February 21, showed an increase of $2,841,975 in the
excess above' their 25
per cent legal reserve, the whole of such
being $7,492,450, against $4,050,475 the previous week.
changes from the previous week
The following table shows the
and‘a comparison with the two
preceding
18S0.
Fob. 21.
Differ’nces fr’m
previous week.
Loans and dis. $200,091,200 Dec. $354,000
50.887.200 Inc. 5,140,700
•Bpceie
Circulation
21.282.200 Dec.
317,400
Net deposits
271,601,000 Inc. 4,172.000
Legal tenders.
15,505,500 Deo. 1,180,500
..
.
Legal
reserve.
Reserve held.
Surplus
llie
both
$67,000,250 Inc.$1,118,225
75,392,700
$7,402,450
Railroad and
Inc.
Inc
3,960,200
.$2,841,975
miscellaneous
years.
1879.
Feb. 21.
daily highest and lowest prices have been
Am.Dist. Tel.
Atl.& Pac. Tel.
Canada South.
Cent, of N. J..
Cent. Pacific
dies. & Ohio..
do 1st prf.
do 2d prf.
Chic. & Alton.
Chic Bur. & Q.
Chic.M.& St.P.
<
do
pref.
Chic. & N. W..
do
pref.
Chic. R.I.& P.
Chic. St.P.&M.
CJev. C. C. & I.
Col.Chic.& I.C.
Del. & H.Canal
Del.Lack.& W.
Han. & St. Jo..
1878.
Feb. 23.
17.931.300
32.379.400
10,335,000
19,806,900
210,894,000
33,978,000
45,377,000
$54,005,650
63.308.300
$9,212,650
do
Saturday.
Monday,
Feb. 21.
Tuesday,
Feb. 23.
Feb. 24.
73% 74%
51% 53%
67%
83% 85%
....
$52,723,500
66.357.400
$13,633,900
Stocks.—The stock market
has been active, and after considerable
irregularity during the
week, closes with a strong tone. The two telegraph stocks have
been active and high on the
reports of an absorption of the A.
& P. stock by the Western Union on the basis
of two shares of
the former for one of the
latter, which would give the Western
Union a stock of about
$50,000,000. The trunk lines at Chicago
have made a concession of 5 cents
per 100 lbs. on east-bound
freights, and the stocks of Lake Shore and
82
....
22% 22%
*33%
26
107
146% 147
80% 81%
103% 103%
92% 93%
106% 107
152
pref.
103% 103%
90% 92%
*151U 52%
152%
56% 58%
79% 82
21% 21%
76
56
78
42%
*
72% 74%
,
...
2d prf.
a
9%
o
w
9%
Mich. Central.. 91
92%
Mobile & Ohio. 24% 25%
Mo. Kans. & T. 43% 45%
Mor. & Essex.. 105% 106%
Nash.Ch.&St L 105
111%
New Cent.Coal 26% 28
N.Y.C.& H. It. 132% 132%
N.Y.L.E. &\V. 47% 48%
do
pref. 72% 73%
Northern Pac. 34% 34%
do
59
pref. 58
Ohio & Miss..
34% 35%
Pacific Mail.... 42
43%
Panama
Phil. & Read's 68% 68%
St.L. A.& T.H. 25
25
do
pref
St.L. I. M.& So. 61% 64
St.L. & S.Fran. 45% 45%
do
pref. 57% 58
do 1st prf. 77% 78
St.P.&Sioux C. 43
44%
do
82
pref. 81
Sutro Tunnel.
3%
3%
Union Pacillc.. 91% 92%
Wub.St.L.&P. 44% 45%
do
pref. 69% 70%
West. Un. Tel. 112% 115
K
These
are
74
82
113
76
84
follows:
70%
72
Friday,
Feb. 27.
Feb. 26.
73
73
74%
49
50% 49% 51
65% 66
65% 68
84% 86% 86% S7%
81% 81% 81% 81%
22% 22
22%
32
80%
m 23%
23% 23%
107% 107% 106% 106%
*146 147
146*4 146%
79
79£
79% 80%
104
104
1033*
103%
90% 91% 91% 91%
105
105% 10634 106%
*151 152
152% i52%
55% 56% 56% 57
79% 80% 80% 81
21% 21% 22
23%
76% 78
78% 79%
87% 89% 89% 91%
40
41% 40% 41%
74
75% 7434
81
82
79%
102% 102% 103 103
50%
66%
87%
81
21%
s*
32
100% 107"
xl45 145
79%
103%
91%
105%
81%
103%
93%
106%
*151 152
56
56%
80% 80%
21% 22%
79
79%
90% 92%
40% 42
J4« 75%
79%
m 103%
10334
104
78
«...
...
do
58
80% b2S*
21% 2234
76
8034
87% sm
41
42%
86% 88
41
82
21% 22H
*.... 33
24
24
*106 % 107
*146 148
7O H 81%
....
+24
107
Feb. 25
74%
52H
67&
84% 86%
68
as
Wednesd. Tliursd’y,
70
50
67
Hous.& Tex.C. 82
84%
Illinois Cent... 103% 104%
Ind.Cin.& Laf.
Kansas Pacific
Lake Erie& W. 33
33%
Lake Shore.... 105% 107%
Louisv.& Nash 142
143%
Manhattan.
47% 49
Mar.it C.lst pf. 12% 13
31% 33% 31% 32
105% 106% 105% 106
141
143
139% 141
45% 48
44% 45%
12% 13
11%
9
9
8%
90% 92% 90%
2j
25% 24
43% 45% 43% 44
107
107
106% 107
111
113
109% 112
27% 27%
131% 132% 131% 13i%
46
48% 44% 46%
70
71
<2% 73
33
33% 35
33%
57% 5834 57
57%
34% 36-% 33% 35
44
41% 43%
4?%
18a
(59
25
61
185
61
61%
45%
63%
45%
56% 58%
77% 78
43% 44%
80% 81%
3%
3%
91% 92 /^.
44% 45
140
42
144
13
12%
m
91% 92
24% 24%
67% 69"
141
42
45%
T
*181
69%
2a%
82% 32% 32% 32%
105% 106% L06% 108%
9
42
44
106% 107% 107%
120
110%
30
27% 31
131% 131%
t>±n 131%
45% 46% 45%
70% 71% 70%
33% 33%, 33%
57
57% 56%
85
36% 85%
43
44
43%
180
68
69%
60%
44%
56%
62%
183
69
188
65
61%
62%
43% 4434
56% 56% 56%
“7
65
61% 62%
77
44
44
5634
56%
76%
76
42% 43%! 42% 43%
81
80
109
117%
81%
132%
46%
71%
33%
57
36
43%
69%
24% 24%
65
45
79%
3%
12%
91% 92%
25% 25%
42% 45%
112
63" +63"
78
46%
12%
9%
63'
*76
143
81
3%'
3%
90
91%I 90% 91%
43 H 44% I 43% 44% 43% 44%
68% 70% 68% 69%! 68-% 69% 68% ,69%
114% 116% 112% 115 ill4% 115% 113% 115
,
the prices bid and asked; no sale
was
made at the Board
•
Total sales of leading stocks for the week ending
Thursday,
and the range in prices for the year 1879 and from Jan. 1,
1830,
to
date,
were as
follows:
Sales of
Week.
Canada Southern
9,550
89,656
Central of N. J
Chicago & Alton
Chic. Burl. & Quincy
Chic, Mil. A St. P
830
8<;0
64,505
do
pref.
Chicago & Northw...
dt>
do pref.
Chic. Rock Isl.& Pac.
Col. Chic: & Ind.Cent
Del. <fc Hudson Canal
Del. Lack. & Western
Hannibal & St. Jo...
do
do pref.
Illinois Central
Lowest.
65
70%
90%
136
75%
1,960 104
14,005
26,512
217,160
140
20% Jail;
70% Feb.
S3
46,44S
7,13S
99% Jan.
‘Kansas Pacific
87
Lake Eric & Western
Lake Shore
Louisville &Nashv..
Manhattan
Feb.
Jan.
Jan.
33% Jan.
64
Jan.
31,820
6,450
142,345
4,637
Jan.
20% Jan.
98% Jan.
86% Jan.
11
93% Feb.
10 107% Jan.
2 153% Jan.
o
25%
80%
92%
42%
Jan.
Feb.
Feb.
Feb.
76
7
2 105%
o
108
2
35%
Feb.
12
2
O
*
...
15,155 129
186,760
12,610
8,620
8,068
60,210
38,420
55
Jan.
Jan.
Jan.
Feb.
5 108% Feb.
8 146
Feb.
42
Feb. 26
56
12,550
Michigan Central....
26,280
88% Feb. 11 93
Missouri Kan. &Tex.
32
2
Jan.
75,170
49%
Morris & Essex
6 109
5,702 101% Jan.
Nasliv. Chatt. & St.L. 115,100
76
Jan. 21 120
N. Y. Cent. & Hud. R.
N. Y. Lake E.& West.
do
pref.
Northern Pacific..
do
pref.
Ohio & Mississippi...
Pacific Mail
Panama
Piiila. & Reading
St. L. I. Mt. <fc South.
St. L. & S. Francisco.
do
•
pref.
do
1st pref.
Union Pacific
Wab. St. L. & Pacific.
do
pref.
Western Union Tel.
year
1879.
Highest.
Feb. 27 74% Jan.
Jan. 23 87% Feb.
2 110% Fell.
Jan.
Jan.
2 152
Jan.
5 81% Feb.
Jail.
2 104% Feb.
Jan.
1,090 100%
61,520
88% Feb.
530
Range
Range since Jan. 1, 1880.
Shares.
do
$244,007,000 $243,659,100
216.382.600
on
common
increase
banks, issued
excess
on
..
'■ lie
large.
cent
31 135
Jan.
Feb.
Jan.
Feb.
Feb.
Jan.
O
41% Jan.
67% Jan. 20
48% Feb.
73% Feb.
31% Feb.
36
60
53
Feb.
28% Jan.
36% Jan.
168
64
Jail.
9
10
5
5
o
Jan.
Jan.
37% Feb.
44% Feb.
185
Feb.
Low.
14
26
20
26
21
20
21
8
10
26
24
27
24
21
21
19
9
27
16
3
2
27
27
26
8
2
2
14
13
18
17
17
High.
45%
33%
78%
89%
100%
134%
82%
102%
94%
75
111%
34%
74%
49%
76% 108
150%
119
o
28
38
43
94
89%
13%
41%
70%
79% 100%
9% 92%
34
*16
67
35
35
28%
103
89%
72%
73% 93
5% 35%
75% 104%
35% 83
112
L39
49
21%
37%
116
78%
40%
t44%
7%
10%
33%
39%
65
123
182
Feb. 11 72% Jan.
13,400
Michigan Central
are higher.
It is reported, however, by the Chicago Inter-<)czan
2
66
Feb. 17 13
46,240 40% Jan.
56
that the new line of the Grand Trunk is
40
Jan.
5 48
Feb.
2
4,600
3% 53
carrying a great quan¬
2
3,100
49% Jan.
2
59% Feb.
60%
tity of grain, by making lower rates to Liverpool yia Portland,
2 79
68% Jan.
Jan. 24
1,950
than the other lines will make
6 97% Jan. 19 88%
14,700
84% Jan.
by New York or the other ports.
The coal stocks are very
2 48
Jan. 27
22,800 42% Jan.
4%
strong in consequence of their com¬
65
Jan.
2 72% Jan. 27
56,500
9%
panies making another advance in the prices of anthracite.
6 116% Feb. 24 57% iie
121,730 99 34 Jan.
The annual reports of different railroads for
1879, as they
now come out and are
published in the Chronicle, are making .r* Range from Sept. 25. t Range from July 30.
a favorable exhibit.
The annual report of the
The latest railroad earnings and the totals from Jan. 1 to latest’
Chicago & Alton
road shows gross earnings in 1879 of
$5,755,677. The increase dates are given below. The statement includes the gross earn¬
in gross earnings over 1878 was
$1,083,158. The operating ex¬ ings of all railroads from which returns can be obtained. The
penses were $3,049,520, against $2,515,134 for 1878.
The net columns under the heading “Jan. 1 to latest date” furnish the
earnings were $2,706,156, an increase over 1878 of $549,771. The
gross earnings from Jan. 1 to, and including, the period memearnings, after deducting operating expenses, taxes and assess¬ tioned in the second column.
o
O
1
.
4
February
reported.—>.
/—Jan.mon
1 to latest 1Q7Q.
date.—>
i orrn
*
1879.
1880.
1880.
1879.
Latest earnings
-i
Week
or
i
Mo.
a on.
$8,065
98,824
24,580
3,789
$15,695
101,500
35,375
Atchison & Neb..2d wk Jan.
Atch.Top. & S.F..2d wk Feb.
Bur. C. Rap. &N. .2d wk Feb.
Cairo <fe St. Louis.2d wk Feb.
Carolina Central.January...
6,496
44,733
$13,506
$27,901
676,000
490,405
260.788
35,110
44,733
165,845
25,786
37,908
202,335
759,997
88,667
507,690
37,908
Pacific...January...1,223,000 1,089,166 1,223,000 1,089,166
Central
Ches. & Ohio
..
88,667
87,961
6,982
16,002
202,335
..January...
Chicago & Alton. 2d wk Feb. 128,473
Chic.Ol. Dub.& M.lst wk Feb
13,922
21,740
Chic. & East. ill..2d wk Feb.
115,384
Chic Mil. & St. P.3d wk Feb. 184,000
Ohic.&Northw. ..January... 1,135,000 1,008,321
Chic. St. P. & Min.3dwk Feb.
19,074
16,793
12,246
9,367
Chic. & W. Mich. .3d wk Jan.
6,102
Clev. Mt.V. & Del.2d wk Feb.
8,693
Denv.S.P’k&Pac. January... 144,300
Det. Lans. & No. .1st wk Feb
15,599
11,849
13,544
16,001
Dubuoue&S.City.2d wk Feb.
Flint & Pere Mar. 2d wk Feb.
475,891
417,236
IllinoisCen.(Hl.)..January...
104,301
22,646
37,193
12,922
9,494
119,421
do
(Iowa).. January...
Indiana Bl. & W.. 2d wk Feb.
Int.&Gt. North.. 3d wk Feb.
K. C. Ft. S.& Gulf. 1st wk Feb
23.470
35,041
21,699
14,927
25.663
14,602
139,000
10.401
Kans.C.Law.&So.4th wk Jan
K. C. St. J. & C.B.3d wk Jan.
22,683
Little Rk. & F. S. 1st wk Feb
7,670
Louisv. & Nashv..2d wk Feb.
107,000
5,558
Minn.& St. Louis. 1st wk Feb
Mo.Kans.<fcTex..3d wk Feb,
84,082
48,048
Mobile & Ohio
3dwkFeb.
47,038
38,978
Nashv.Ch.& St. L. January... 205,634
157,279
N. Y. Cent.& Hud.January...2,593,613 2,024.812
Northern Pacific.January
81,843
37,014
..
25,732
(brs).2d wk Feb.
12,610
1,032,663
493,287
239,826
475,891
104,301
124,164
417,236
119,421
130,010
264,868
274,564
38,18*4
23,6*00
70,238
64,332
32,688
671,979
33,064
336,119
320,240
157,279
2.024,812
6 L458
917,733
53,339
612,688
398,451
205,634
Ala. Gt. Southern. December. $53,478
Atl.& Char. Air-L.December.
96,815
Atl. & Gt. West.. .December. 400,853
Chic. Burl. &Q...November.l,327,679
9,918
Dakota Southern.December.
Gal. Har. & S. An.December.
Houst. & Tex.C.. .December.
82,580
Mobile <fc Montg.. December.
N.Y.L. Erie&W. .December.1,398,245
N. Y.&N. Engl’d.December.
176,000
6s, 1880..
6s, 1880
68,1881
6s, 1881
58,1881
5b, 1881
4%s, 1891
reg. J. & J.
coup. J. & J.
reg. J. & J.
coup. J. & J.
r eg. Q* -Feb.
coup. Q. -E’eb.
reg. Q, -Mar.
76,420
71,638
817,015
339,230
515,905
141,125
15,662
180,239
167,053
129*3*13
19,998
176,786
156,951
328,000
154,617
2,072
1,249,000
1,181,035
1,019,000
1878.
1879.
1878.
$38,555
66,423
4%s, 1891
4b, 1907
4e, 1907
coup.
$:
777,298
3,747
132,096
380,477
88,648
40,896
3,205,685
703,407
38,397
2,920.997
679,260
1.205,755 16,509,12115,134,234
6b,
6s,
6s,
6s,
68,
cur’cy,
cur’cy,
cur’cy,
cur’cy,
cur’cy,
&
1895..reg.
1896..reg. J. &
1897..reg. J. &
1898..reg. J. &
1899..reg. J. &
Feb.
23.
Feb.
25.
Feb.
26.
Feb.
27.
103% *103% *103% 103%
*103% *103% *103% *103%
105% 105% 105% 105%
*105% 105% *105% 105%
103% 103% 103% 103%
*103% *103% *103% *103%
*107% *107% *107% 107%
108% 108% 108% 108%
*103%
S3
106% 106% 106%
106% 106% 106%
*125
*125% *125
*125
*125% *125
•
*126%
*126%
*126%
*126%
*126%
J.
J.
J.
J.
J.
Feb.
24.
*125
*125
*125
premium; Charleston, steady,
Va.r@%,m%@xA; New Orleans, commercial, 50 discount, hank
1 premium ; St. Louis, 1-10 discount; Chicago, weak, 80c. dis-
*125% *125
*125% *125
*125% *125
The range in prices since Jan. 1, 1880, and the amount
class of bonds outstanding Feb. 1, 1880, were as follows:
Highest.
Lowest.
6s, 1880
ep.
6s, 1881
cp.
5s, 1881—cp.
4%s, 1891.. cp.
4s, 1907
cp.
Feb. 16
102% Jan. 13 104
104% Jan. 7 105% Feb. 18
Feb.
2
106% Jan.
2
103
Jan.
2
68,cur’ncy.reg. 125% Feb. 13
103
104
Jan.
29
109% Feb. 17
107% Feb. 16
126% Feb. 17
106%
106%
*125%
*125%
*125%
*125%
*125%
of each
Amount Feb. 1, 1880.
Registered.
Coupon.
$14,845,000
$3,570,000
184,239,150
288,823,750
168,391,000
507,637,400
64,623,512
66,877,100
217,671,600
81,609,000
231,088,750
Closing prices of securities in London for three weeks past and
the range since January 1, 1880, were as follows:
Feb.
13.
U. S. 5s of 1881
U. 8. 4%s of 1891
U. S. 4s of 1907
Feb.
20.
Feb.
27
Range since Jan. 1,1880.
Lowest.
Highest.
106
106% 105% 105% Jan. 15 106% Jan. 12
xl0% 110% 110% 109% Jan. 2 111% Feb. 10
109% 109% 109% 106% Jan.
2 109% Feb. 19
State and Railroad
Bonds.—There has not Jbeen much ac¬
tivity in State bonds this week, but the Southern State issues
are
the
generally strong except the Virginias. The introduction of
“re-adjusters’” bill in the Virginia Legislature, and its
passage by the Senate, has a bad -effect.
‘
Foreign exchange prices are60
February 27.
Demand.
days.
Prime bankers’ sterling bills on London.
Good bankers’ and prime commercial...
4.84%3 4.85
4.8334 ®4.84%
4.83 ®4.83%
r*.mninor<*ial
4.82%®4.83
5.21%®5.19%
nnoiimetitarir
..
Pavi a If rmiPA^
4.87%@4.88
4.87 -2>4.87%.
4.86 -3)4.36%
4.85%@4.86
5.18% 35.1678
5.18%-@5.17%
5.18%@5.16%
40%® 40%
95%® 95%
95
95%
95%® 95%
95%® 95%.
>
5.21%S;5.20
5.21% ®5.19%
40
.'TAinlimarlrsl
...
Berlin (reichmarks)
The following are quotations
Sovereigns
$4 84 ®$4 87
Napoleons
3 84 ® 3 87
X X Reichmarks. 4 72 ® 4 78
X Guilders
3 92 ® 4 00
Span’h Doubloons.15 65
Mex. Doubloons..15
Fine silver bars
1
..
Fine gold bars
New York:
40%
95
95
95
95
in gold for various coins:
99 %®
®15 90
®15 65
® 1 14
par.®%prem.
55
13
®
94%®
94%@
94%®
94%®
Dimes & % dimes
Silver %s and %8
Five francs
—par.
99 %® —par.
92
® — 95
89 ® — 90%;
Mexican dollars.
English silver ... 4 70 ® 4 80
68 ® - 70
Prus. silv. thalers
99 ® — 99%
Trade dollars.
New silver dollars — 99%® par,
—■
—
—
—
—
—
City Banks.—The
following statement shows the
condition of the*Associated Banks of New York City for the
ending at the commencement of business on Feb. 21, 1880:
Average amount of
Capital. Loans and
Banks.
discounts.
$
2,000,000
2,050,000
2,000,000
Merchants
2,000,000
Mechanics’
1,200,000
Union
3,000,000
America
1,000,000
Phoenix
1,000,000
City
1,000,000
Tradesmen’s
600,000
Fulton
300,000
Chemical
Merch’nts’ Exch. 1,000,000
Gallatin Nation’l 1,000,000
300,000
Butchers’&Drov.
200,000
Mechanics’ & Tr.
200,000
Greenwich
600,000
Leather Man’f’rs
300,000
Seventh ward...
800,000
State of N. York.
American Exch.. 5,000,000
Commerce
5,000,000
New York........
Manhattan Co...
•
1,000,000
1,000,900
Broadway
Mercantile
422,700
Pacific
Range since Jan. 1, 1880.
’*
"
KVanlrfrvrt-.
19,060
C
32
Exchange.—Sterling exchange still grows firmer, and now
gold exports are talked of as possible in the near future. The
large increase in foreign imports is one of the main influences.
To-day the actual rates for 60-days bankers’ sterling bills were
4 84(3)4 84%, and for demand bills 4 87/4@4 87%, with cable
629,278
288,542
*105%
Q. -Mar. *109
reg. Q, -Jan. 106%
106%
coup. Q. -Jan.
mort. cert
874,773
11.717
24.857
1,296,081 13,341,547 13,042,978
*103%
*105%
103%
*103%
*107%
$20
bonds
10,000 N. J. Mid. RR. second
146,918
varying tenor of the Washington dispatches; but to-day the
feeKng was firm, and the business of the week has been large.
At the Treasury purchase on Wednesday the bonds offered
amounted to $7,135,450, and the Secretary accepted $2,000,000
(instead of $1,000,000), viz., $1,846,300 sixes of 1881 at 105 70 to
105*75, and $153,700 sixes of 1880 at 103*87to 103*99.
21.
$14
canal stock—
5,000 Mil. & Horicon RR. 10
p. e. land mortgage cbnv.
14,980
212,748
957,215
89.717
138.831
Pitts. Cin. & St. L.December. 349,939 289,571 3,606,425 3,176,370
Scioto Valley
20,132
December.
£0,379
317,822
280,348
United States Bonds—There has been some irregularity in
tone and prices during the week, arising in part from the
Feb.
RR
100%
224,307
_
Interest
Periods.
1909
1,500 State of Indiaua (Wab.
& Erie Canal) 5 p. c. spec.
_
98%
90%
Long Island Bank
80 Erie & Pittsburg
112%
29,000 Jersey City funded
debt 6 per cent bonds, due
133
100
North River Bank
100
North River Bank
Clinton Fire Ins
131%
Mechanics’ B’k of Brook¬
lyn
181
260
RR.
212,748
88,573
22,081
3,406
124,496
382,230
Frank.&Kokomo. December.
*
_
Niagara Fire Ins
19%
on
25,000 Sixth Avenue
7s, due July 1,1890
buying 1-16, selling 3-16@%
11.645
5,186
8
14
7
8
15
9
16
90
70
10
10
Bonds.
$105,000 City of New Orleans
7 p. c. bonds (liquidation
of
city currency), due
1894, Sept., 1878, coupons
3,147
2,593.613
957,215 1,316,089
197,822
7
following at auction:
18,069
1879.
_
89,312
115,383
23
Shares.
Gallatin Nat. Bank
148
Bank of America
145
Merchants’ Nat. Bank—137
Phenix Nat. Bank
100%
Nat. Bank of Commerce. .150
Nat. B’k of the Republic. 130%
Little Miami RR
113
N. Y. Equitable Ins
161
30,626
18,501
5,435
132,800
51,315
180,239
23,297
28,770
390,000
Wisconsin Valley.lstWk Feb
_
l6i*,810
,
37,014
3,976
2d wk Feb.
St.L. Iron Mt.&S.2dwk Feb.
St. L. & San Fram 3d wk Feb.
St.P.Minn.& Man.January...
St. Paul &S.City. 3d wk Feb.
Tol.Peoria&War .3dwkFeb.
Union Pacific.... 13 dys Feb
Wab. St.L. & Pac.2d wk Feb.
_
25,623
40,790
.January...3,083,552 2,543,425 3,083.552 2,543,425
St.L.A.&T.H
„
136,045
36,603
50,625
144,300
948,368
1,008,321
121,595
to 110.
Messrs. A. H. Muller & Son sold the
81.843
18,069,
Phila. & Erie
.January... 224,307
Phila. & Reading. January.. .1,316,089
do
1,135,000
pushing up above par, and we find the sub¬
formerly ruling at 90 to 1Q0, now selling at 100>
bonds have been
stantial bonds
30,201
43,748
23,304
30,201
6,819
Pad.&Elbiabetht.lst wk Feb
Pad. & Memphis.. 1st wk Feb
1,303,000
1061217
In railroad bonds there has been less activity on speculativeaccount than last week, but the Erie second consolidated, Mo.
Kansas & Texas issues, and C. C. & I. C. incomes, have all been
dealt in largely. Since the first of the year the 6 per cent
transfers at 4 87M@4 88%.
In domestic bills the following were the rates of exchange on
New York at the undermentioned cities to-day: Savannah—
.
Ogd. & L. Champ.January...
113,513*
165,288
19,349
171,545 1,095.174
508.957
98,085
286,076
34,260
2.9,752
Grand Trunk. Wk.end. Feb.14 190,667
Gr’t Western. Wk.end.Feb. 13
85,490
39,759
Hannibal & St.Jo.3d wk Feb.
Pennsylvania
21i
THE CHRONICLE.
28, 1880. J
1,500,000
Republic
Chatham
People’s
North America..
Hanover
Irving
Metropolitan
Citizens’
....
Nassau
Market
St. Nicholas
Shoe & Leather..
Corn Exchange..
Continental
Oriental
Marine
Importers’ & Tr..
Ptirk
Mech. Bkg. Ass’n
North River
East River
Fourth National.
Central Nat
8econd Nation’l.
Ninth National..
First National..
Third National..
N. Y. Nat. Exch..
Bowery National
N. York County..
Germ’n Americ’n
Chase National..
Total
450,000
412,500
700,000
1,000,000
500,000
3,000.000
600,000
1,000,000
500,000
500,000
500,000
1,000,000
l,000,0t0
300,000
400,000
1,500,000
2,000,000
500,000
240,000
250,000
3,200,000
2,000,000
300,000
750,000
500,000
1,000,000
300,000
250,000
200,000
750,000
800,000
t
9,968,000
6.579.900
6.918.800
7,187,000
4.720.800
8.438.400
3,386,000
6,202,600
3,065,100
1.633.600
12,100,100
3.743.900
4,071.400
1.401.900
875,000
952.200
2.854.900
956.500
3.209.600
14,250,000
Legal
Net dept’s
Circula¬
tion.
Tenders.
other
than U. S.
2,7^,000
820.500
*
553,000
10,372,000
156.100
4.825.500
400
1.157.400
284.800
297,000
140.900
826.800
67,000
206,000
109.100
5.616.100
6,026,000
565,400
Specie,
1:250,000
955.400
1,262.000
449,000
2.923.700
357,000
416.400
3,052,800
574.500
317.600
305.100
94,000
20,400
461.800
128.500
281.900
2,654,000
7.317.400
1.971.700
1.257.400
12,233.300
2.983.700
2.807.900
58.900
203,000
1.249.100
965,000
226.500
174.800
882,100
84,200
358.500
186,000
111.700
152.900
548.500
741,000
823,200
847,000
1,891.000
.
~
»
‘
59^887.200
*
495,000.
44,500
129,200'
1,100
3.916,000
6,016,300
618,000
795,800
666,800706,300
252.700
180.000
2,700
471.800
2.243.300
923,-100
2.527.400
10,527,000
11,585.800
4.337.200
13,934.700 5,645,500
5.535.500
782.600
3.957.700
811,000
648.100
4,053,000
2.279.900
206.100
439.400
2.289.000
3.696.400
217.100
817.800
5.591,000
3.7L4.200
122.900
819.700
3,692,100
108.500
1,287,000
112.300
1.370.700
2.218.500
89,000
330,000
2.243.500
7,098,300
386.500
7.239.700 1.452.700
367.700
£,563,500
258.300
2.812.700
11,952,000
11,587.000 2.529.000 1,118.000
216.500
1.971.500
1.961.800
284,200
173,300
2,063,200
67.500
2.192,000
1.996,800
92,800
354.700
2.547.500
72,000
1.543.200
301.800
1.995.700
343.100
3,996,000
667.000
3.754,000
92,000
2.054,400
3.626.700
292.500
171.700
5,508,600
5.352.900 1,253,600
255,000
1.367.400
24.300
L.511,800
248.000
8,370,000
678.000
3,168,000
423,70C
20,928,700
18.386.900 5.141.300
428.800 18.485.900
16,038,000 3.963.400
67,700
606,500
105,000
808.500
99.900
748.900
26,000
856,400
80,500
849,800
148.500
1,041,500
17.085.800 3.768.300 1,035.800 17,263,200
631,000
7,589,000
8,368,00(i 1,140,000
3,002,000
252.000
500.000
2,600,000
366,200
4.788.100
4.780.500
842,400
119.900 14.200,500
18.680.900 3.224.800
9.647.100
828.700
8.464,000 2.715.700
93.200
1,010.800
167.800
1.827,200
273,000
1,067.200
35.000
1.358.700
1.343.700
371.800
13,700
1.333.400
1.895.400
154,600
172.500
2.157.800
2.823.200
418 7J0
297.700
2,830,609
60,375,200 290.091,200
week
.
36.800*
630.000
449,000*
1,439,400
897.400-
178.700
1,12*2,800
400,000
5,400
800,000
435.900
45.000
267.100
3.900
442,500*
450,000
450,000
4,600
755.400
853,OOO
1.103,5'JO532.800
351.100
224,400'
810,000
l,4S8,OuO
44,000
450,000
450,000
797.400
267.900
226,000-
180,000s
270,000
15.505,500 271,601,000 21,282,200*
212
THE
GENERAL
CHRONICLE.
QUOTATIONS
OF
STOCKS
[VOL. XXX.
AND
BONDS.
Quotations in New York represent the per cent value, whatever the par may be; other quotations are frequently made per share.
The following abbreviations are often used, viz.: “M.,”for mortgage; “g.,” for gold;/'g’d,” for
guaranteed; “ end.,” for endorsed; “cons.,”
for consolidated;“ conv.,” for convertible;“ s. f.,” for sinking fund1. g.,” for land
grant.
Quotations in New York are to Thursday; from other cities, to late mail dates.
Subscribers will confer a favor by giving notice of any error discovered in these
Quotations.
United States Bonds.
Bid.
Ask.
State Securities.
6s. 1881
5s, funded, 1881
5s, funded, 1881
4i*s, 1891
4*28,1891
4s, 1907...
48, 1907
6s, Currency, 1895
6s, Currency, 189G
6s, Currency, 1897
6s, Currency, 1898
6s, Currency, 1899
reg.. ..J&J 10334 104
coup.. ..J&J 1033* 104
reg.. ..J&J 10512 105 %
coup.. ..J&J 10512 1055s
reg.. -Q-F 10312 1035s
coup.. Q-F f10S*« 10350*
reg.. Q-M 107^8 10778 1
coup.. Q-M 10858 108%r
reg.. Q—J 10612 106V
coup.. -Q—J 10658 1063*
reg.. ..J&J 125
reg.. ..J&J 125
.reg.. ..J&J 125
reg.. ..J&J 125
reg.. ..J&J ■125
-
M&N 102
SECURITIES.
Alabama—Class “A,” 2 to 5, 1906...
small
Class “B,” 5s, 1906
Class “C,” 2 to 5, 1906
Arkansas—6s. funded, 1899 ..J&J
7s, L. R. &Ft. S.issue, 1900. A & O
7b, Memphis & L.R., 1899..A & O
7s, L. R. P. B. &N. O., 1900. .A & O
7s, Miss. O. & R. Riv., 1900.. A & O
7s, Ark. Central RR., 1900. A & O
7b, Levee of 1871,1900
J & J
California— 6s, 1874
Connecticut—5s
1
6s, 1883-4-5
1
Delaware—6s
J&J*
Florida— Con sol. gold 6s
J & J
Georgia—6s, 1879-80-86
F & A
7s, new bonds, 1886
J & J
7s, endorsed1,1886
7s, gold bonds, 1890
Q—J
8s, *76, '86
A & O
Illinois—6s, coupon, 1879... .J&J
War loan, 1880
J & J
Kansas—7s, ’76 to ’99
J&Jf
*
Kentucky—6s
do
do
do
1894
M&N 1
do
1888
A&O:
J & J
M&N
Michigan—6s, 1883
7s, 1890
Minnesota—7s, RR. repudiated
Missouri—6s, 1886
J & J
Funding bonds, 1894-95
J & J
Long bonds, ’89-90
J & J
Asylum or University, 1892. J & J
Hannibal & St. Jo., 1886....J & J
do
do
1887....J & J
N. Hampshire—6s, 1892-1894. .J&J 1
War loan, 6s, 1901-1905
J & J
War loan, 6s, 1884
M&S
New Jersey—6s, 1897-1902
J&J*
6s, exempt, 1877-1896
J&J*
New York—68, gold, reg., ’87...J&J
6s, gold, coup., 1887
J & J
6s, gold, 1883
J & J
6s, gold, 1891
J & J
6s, gold, 1892
.A & O
6s, gold, 1893
A& O
N. Carolina—6s, old, 1886-’98..J&J
6s, N C. RR., 1883-5
J & J
A
6s, • do
6s,
do
coup, off,
J & J
6s,
do
A
coup, off
68, Funding act of 1866,1900 J&J
6s,
do
1868,1898A&0
6s, new bonds, 1892-8
J&J
6s,
do
..A&O
6s, Chatham RR
A&O
6s, special tax, class 1,1898-9A&U
6e,
do
class 2
A &
6s,
class 3
do
A &
48, new....
Ohio—6s, 1881
J & J
6s,1886
J & J
Pennsylvania—5s, gold, ’77-8. F&A*
5s, cur., reg., 1877-’82
F&A*
5s, new, reg., 1892-1902
F&A
6s. 10-15, reg., 1877-’82
F & A
6s, 15-25, reg., 1882-’92
F & A
Rhode Island—6s, 1882
M&Sf
6s, 1893-9
J&J
South Carolina—6s, Act of March )
26,1869. Non-fundable, 1888.. )
Tennessee—6s, old, 1890-98 ..J&J
6s, new bonds, 1892-1900 ..J&J
7e, gold, 1904
10s, pension, 1894
*
J &Jt
J &Jt
61
62
90
72
21
6
6
8
6
5
106
105
106
104
85
99*8
110
109
112
115
100
100
63
J&J
6s, 1876-90
Wharf 7s, 1880
J&J*
J&J*
Allegheny Co., 5s
J&J*
48*4
1
Austin, Texas—10s
Baltimore-
68,
6s,
6s,
6s,
6s,
6s,
68,
5s,
6s,
6s,
5s,
6s,
5s,
do
City Hall, 1884
O—J 107
Pitts. & Con’v.RR.,1886.. J&J 108
consol., 1890
Q—J 115
Balt. & O. loan, 1990
Q—J 115
Park, 1890
Q—M
bounty *1893
112
....
....
J&J1 110
116*2
....
117
483s
6s, water, 1905
6s, E.& N.A. Railroad, 1894..J&Ji 104
1
6s. B. &
104
99
100
5s, 1897, municipal
Belfast, Me.—6s,railroad aid, ’98..+ 102
Boston,Mass.—6s,cur,long,1905Varf 116
5s, gold, 1905
Var.i 110
Piscataquis RR..’99.A&Oi
I Bath, Me.—6s, railroad aid
Varl
109
45
42
41
42
no
102
104
111*2 112
106
102
105
106%
7s.M&8 and J&D 106
109
118
104*2
108
20
25
114
103
110
106
101
103
107
100
118
120
111
103*4 104*2
103*2
Lowell, Mass.—6s, 1890, W. L.M&Ni 113*2 114
105
Lynchburg, Va.—6s
J & J, 102
103
118
105
111
8s
J&J 117
F&Ai 106
Lynn, Mass.—6s, 1887
Water loan, 1894-96
1123s
106*2
J&J 113*2 114*2
M&Nt 101
101*2
5s, 1882
85
Macon, Ga.—7s
110*2 Manchester, N.H.—5s, 1883-’85 J&J t 101
105
6s, 1894...
J&Jt 110
105
Memphis, Tenn.—6s, C
J&J 30
99*2
6s, A & B
J&J 30
102
6s, gold, fund., 1900
M&N 30
103
6s, end., M. & C. RR
30
104
Sterling, 5s, gold, 1893
A&Ofi 107 109
7s, water, 1902...
J&J
44
47
do
58, gold, 1899
106
J&J: 104
Mobile, Ala.—8s
J&J
100
do
100*2
5s, gold, 1902
5s
A&Of1 109 111
J&J
112*4 11234 Brooklyn, N.Y.—7s, ’79-80....J & J 101
104
6s, funded
M& N
103
104
104
7s, 1881-95
J &
115
Montgomery, Ala.—New 3s ..J&J
108
110
124
7s, Park, 1915-18
J &
128
5s, new
111
114
123
7s, Water, 1903..:
127
J &
Nashville, Tenn.—6s, old
110
114
121
7s, Bridge, 1915
127
J &
68, new
107
110
111
6s, Water, 1899-1909
...J &
115
Newark—6s, long
Var.
100
107
113
6s, Park, 1900-1924
J &
116
7s, long
Var.
100
100*2
Kings Co. 7s, 1882-’89
M&N 106
114
7s, water, long
Var. I
102
103
do
6s, 1880-’86
M&N 101*2 110
New Bedford,Mass.—6s, 1893. A&O4
109*2 110
Buffalo, N. Y.—7s, 1880-’95....Var. 101
114
5s, 1900, Water Loan
A.&O
106
108
7s, water, long
N. Brunswick, N. J.—7s
Var. 113*2 117
t
107
109
108
6s, Park, 1926
'..M&S
6s
104
106
106
107
Cambridge, Mass.—5s, 1889...A&Of
Newburyport, Mass.—6s, 1890. J&Jf
103
68, 1894-96. water loan
J&JI 112
113
N. Haven, Ct.—Town, 6s, Air Line...
114
68, 1904, city bonds
115
J&J 114
Town, 6s, war loan
30
40
Camden Co., N, J.—6s, coup... J&J*
do
6s, Town Hall
107
Camden City, N. J.—6s, coup.. J&J*
7s, sewerage
City,
109
7s, reg. and coup...:
J&J*
do
6s
108*2
Charleston, S.C.—6s, st’k,’76-98..Q-J 72
•80
do
58,1897
107
100
7s, lire loan bonds, 1890....J & J
New Orleans, La.—Premium bonds.
106
1*
105
7s, non-tax bonds
115
Consolidated 6s, 1892
Var.
106
72
4s, non-taxable
80
Railroad issues, 6s, ’75 & ’94..Var.
112
113
112*2 113*4
Wharf impr., 7-30s, 1880—J &D
116
116*4
N. Y.City- -6s, water stock,’80. Q—F i
104
106
6s, long dates
J&J If 106*2 108
6s,
do.
1879...
112
7s, sewerage., 1892-’95
114
Fi
.i&J 1 113
5s,
do
1890..
108*2
114
7s, water, 1890-’95
J&J j
115
—F
6s,
do
1883-90
106
7s, river irnpr., 1890-’95
114
J&J 1 113
6s, aqueduct stock, ’84-1911..Q—F
106
7s, 1890-’95
114
J&Ji 113
7s, pipes and mains, 1900. .M & N
106
Cook Co. 7s, 1892
M&N 112*2 113*2
6s, reservoir bonds, 1907-’11.Q—F
117
Lake View Water Loan 7s
1 106
5s, Cent. Pari: bonds, 1898... Q —F
117
Lincoln Park 7s
106
107
>
6s,
do
1895...Q—F
117
South Park 7s
J & J 106
107*2
7s, dock bonds, 1901
*...M & N
29
West Park 7s, 1890
107
108
6s,
do
1905
M&N
29
30
105
Cincinnati, O.—6s, long
106
Var.i
7s, market stock, 1894-97 ..M&N
110
68, short
»
Var.i 100
6s, improvem’t stock, 1889.M & N
110
7-30s
Var.i 119% 120
7s,
do
1879-90.M & N
90
7s
Var.i 107
,
108
6s,
gold,
cons, bonds, 1901.M & N
90
Southern RR. 7-bOs, 1902...J&Ji 119
119*2
6s, street impr. stock, 1888.M & N
10*4
do
117
7-30s, new..
i 116
7s,
do
do
’79-82.M & N
10*4
do
106
6s, g., 1906..M&Ni
106*2
6s, gold, new consol., 1896....
17
Hamilton Co., O., 6s
105
7s, Westchester Co., 1891....
17
do
78, short
i 103
Newton—6s, 1905, water loan.-eJ&J
4*2
do
long 7s & 7-30s. i 110
5b, 1905, water loan..
J&J
4*2
5% Cleveland, O.—6s. long
Various. 107
108
Norfolk,Va.—6s,reg.stk,’78-85..
J&J
4%
6
100
30-year 5s
101
88, coup., 1890-93
Var.
43*
6s, short
/.Various. 100
101
M&N
8s, water, 1901
72
75
7s, long
Various! 110
112
Norwich, Ct— 5s, 1907
A&Oi
103
102
7b, short
..Various!
107
7s, 1905
J.&J
109
103
Special 7s, 1879-’89
107
Yearly!
Orange, N. J.—7s
t
100
105
Columbia, S.C.—6s, bonds.
Oswego, N. Y.—78
i
100
Columbus, Ga.—7s, Various
Var. 80
90
Paterson, N. J.—7s, long
Var
112
113
Covington. Ky.—7-30e, long
112
i 110
Petersburg, Va.—6s
J&J
101
101*6
7-30s, short
i 103*5 104
8s
J&J
xl06 106*2
8s
i 114
8s, special tax
114
65
Dallas, Texas—8s, 1904
90
Philadelphia, Pa.—5, reg
J&J*
95
103,1883-96
100
6s, old, reg
:
J&J*
110
Dayton, O.—8s
i
5%
6
6s, new, reg., due 1895 & over. J&J
!
107% 110
4s new
36
37
78, water, long
Var.i 115
117
Pittsburg, Pa.—4s,
J&J.
31
3338, DIs.Ool.—Cons. 3-65s, 1924, cp.F&A 94% 95*6
5s, reg. and eoup., 1913
J&J.
315s 3338, Consol. 3-65e, 1924, reg
97
7s, water,reg.&cp.,’93-’98...A&O.
103
105 Perm. imp. 6s, guar., 1891...J&Jt 107
110
7s, street imp,, reg, ’83-86
Var.
111
112
Perm. imp. 7s, 1891
J&Ji 109
115
Portland, Me.—6s, Mun., 1895.Var.i
112
113
Wash.—Fund.loan(C#ng.)68,g.,’92i 107 110
.6s, railroad aid, 1907
M&S
99
101
Fund. loan(Leg.)6s,g., 1902 Varl 108
112
, Portsmouth, N.H.—6s, ’93,RR. J&J i
Pousrhkeer>sie. N. Y.—7s. water
t
••••••
.
.
...
v
90
102
111
.....
X In London.
.
100
114
112
20
20
34
40
50
60
85
95
95
100
105
111
114
114*2 117*2
113*2 114
106*2 107
98
90
110
109
106
100
115
100
104
104
95
111
111
108
103
117
103
106
28*4 29
32
101
102
100*2 101
105
106
104 ' 110
114
125
126
109
114
106
108
112
114
126
125
109
110
125
126
107
108
114
*119
102 ^
104
111
106
117
107
102
116
120
105
118
104
101
108
102
110
112
100
108
121
105
107
112
107
118
108
107
107
120
103
105*
120
116
120*2 121
coup.,19i*3..
t Purchaser also pays accrued interest.
■
Bayonne City, 7s, long
J&J 99
110
Lawrence, Mass—6s, 1894...A& Ol 113*4 113%
115*2 Long Island City, N. Y
100
1 90
115*2 Louisville, Ky.—7s, longdates. Var.i 10G*2 108*8
114
7s, short dates
Var. 103
106*2
116*2
6s, consols
J&J 50
110*2 Milwaukee, Wis.—5s, 1891....J & D 96
rt s, 1896-1901
J .J&J 100*2 10034
Var. 108
4s, currency, 1899
Ask.
40
40
38
35
108
Hartford, Ct.—City 6s, var. dates..! 102
Capitol, untax, 6s
i 117
Hartford Town bonds,6s
t
do
4*28, nntax
.! 103*4
Haverhill, Mass.—6s,’85-89.. A&Ot 107
Houston ; Tex.—1 Os
15
6s, funded
17
107
108
Indianapolis, Ind.-7-30s,’93-99. J&J 1107
111
115
Jersey City—6s, water, llmg, 1895.. 101
97*2 103
7s,
1899-1902
J & J 108
do
104
104*2
7s, improvement, 1891-’y4—Var. 105
105
110
78, Bergen, long
J & J 100
100
103
Hudson County", 6s
A&O 102
M& 8 113
do
exempt, 1893 ...M&S 115
M&N 110
funding, 1894
8
1900
:... J&J
West. Md. RR., 1902
J&J 115
108
eonsol, 1885
Q—J 100
Valley RR., 1886
A & O 108
106
M&N 112*4
new 1916
80*2 Bangor, Me.—6s, RR.,1890-’94.Var.l 103
if 2
Price nominal; no late transactions.
Bid.
105
r 110
Various
Augusta, Me.—6s, 1887, mun.-F&Af
Augusta, Ga—7s
Various
100
Louisiana—New con. 7s, 1914.. J&J
7s, small bonds
Maine—Bounty, 6s, 1880
F&A
War debts assumed, 6s, ’89. A & Ot
War loan, 6s, 1883
M&S
Maryland—6s, defense, 1883.. J&J
6s, exempt, 1887
J&J
6s, Hospital, 1882-87
J&J
6s, 1890
Q—J
5s, 1880-’90
Q—J
Massachusetts—58,1880, gold .J&J I
5s, gold, 1883
J&J
5s, gold, 1894
Var.i
5s, g., sterling, 1891
J&J ♦
Albany, N. Y.—6s, long
78 long
Allegheny, Pa.—4s
Do.
8s
Waterworks
STATE
do
City Securities.
J & D 112*2 113*2i Elizabeth, N. J.—7s, short
4
J & J 23
7s, funded, 1880-1905
Var
6s, new bonds, 1886-1895...J & J 23
7b, consol., 1885-98
A&O
6s, consol., 1905
J & J 77
7s 1905
6s,
do
Fall River, Mass.—6s, 1904.. .F& At
ex-coup., 1905...J & J 52*2
6s, consol., 2d series
J & J 31
5s, 1894, gold
F&Ai
6s. deferred bonds
8*4
8*2 Fitchburg, Mass.—6s. ’91,W.L.. JA Jt
38
41
10-40s, new..Md N
Fredericksburg, Va.—7s
Tax-receivable coupons ..."
7G
78
Galveston, Tex.—10s, ’80-’95 ..Var.
Galvest’n County,10s. 1901. J & J
CITS SECURITIES.
Harrisburg, Pa.—Water loan
Atlanta, Ga.—7s
FOREIGN GOV. SECURIT’S.
Quebec—5s, 1908
Ask.
Vermont—6s, 1890
Virginia—6s, old, 1886-’95
UNITED STATES BONDS.
6s, 1880...
6s, 1880
6s, 1881
Bid.
9512
1161* 120
107%
112
iiT
114
107
m 116
112
February
GENERAL QUOTATIONS
Bid.
City Securities.
OF STOCKS AND BONDS—Continued.
40
Bur.& South w.—1st M., 8s,’95.M&N
J fl07*i 108
Cairo & St.L.—1st M., 7s, 1901. A&O
J 116*1 118
171
S il06*i 107*2 Cairo & Vine—1st, 7s, g.,1909. A&O
1105
Califor. Pac.—1st M., 7s, g.,’89. J&J
J 104*4 105
98
2d M.. 6s, g.,end C. Pac., ’89.J&J
.J & J 118 m 118*2
t90
3d
M.
103
(guar. C. P.), 6s, 1905. J&J
1100
55
do
do
3s, 1905. J&J
118
J 1114
98*2 Camden & Atl.—1st,7s, g.,’93..J&J
106'
’89-99,RR.F&, 1 198
Cam.&Bur. Co.—IstM., 6s,’97.F&A
8s.
.
78, water, 1903
J &
Rockland, Me.—6s,
Sacramento, Cal.—City bonds, 6s
Sacramento Co. bonds, 6s
T
91*4
So.—1stM.,guar.,1908,J&J 101*2
Cape Cod—7s, 1881
F&A 40
Canada
)
I
.
.
.
.
...
.
.
1106
Washington,D.C.—See Dist. of C
Wilmington, N.C.—6s, gold, cou.
8s, gold, cou. on
5s
Yonkers. N. Y.—Water.
1903.
RAILROAD BONDS.
Ala. Cent.
Ala. Gt. Southern—1st mort.,
Consol.
East, exten. M., 7s, 1910..
Joaquin, 1st M.,6s,
g.l900. A&O
106
♦ 90
94
118
$103*2
94*3
109
103
108*2
119
119*a
1T 62
IT 56
64
57
tlOO
92
104
95
90*2
91*4 91*2.
do
...
*48*i
income 7s.. 1890
85
90
Chic. & Gt. East., 1st, 7s,’93-’95.
107
111
Col.& Ind. C., 1st M., 7s, 1904.J&J
92
do
do
do
supplementary.,
do
2d
.
98
Logansp.,lst,7s, 1905.A&O
Logansp. & B., 7s, 1884..F&A
98
108
103
T.
Cin. & Clue. A. L., 1886-’90
♦ 107
112
Col. & Hock.V.—1st M., 7s, ’97. A&O
tlOl
1st M., 7s, 1880
.....J&J 1101*2
2d M., 7s, 1892
J&J
1101*2 103*2
Col. &' Toledo—1st mort. bonds
50
60
Col. Springf.&C.—lst,7s,1901.M&S
tl05
Col. & Xenia—1st M., 7s,1890.M&S
1108% 109
Conn. &Pa88ump.—M., 7s, ’93.A&O *
t98
Massawippi, g., 6s, gold, ’89 J&J
70
68
Conn. Val.—1st M., 7s, 1901...J&J ,
35
40
Conn. West.—1st M., 7s, 1900.J&J
Connecting (Pliila.)—1st,
6s ..M&S
110*2
Detr. &Milw.—1st M., 7s, ’75.M&N
Mi8S.Riv.Bridge, lst.,s.f.,6s,1912 109
110
2d mort., 88,1875
M&N 98
Chic. B. & Q.—1st, S.F.,8s, ’83.J&J
122
Det.&Pontiac, 1st M., 7s, ’78.J&J
Consol, mort.,7s, 1903....:..J&J fl20*2
90
do
3d M., 8s, 1886.F&A
101*21
Bonds, 58, 1895
J&D 1101
107*2
102
101*2
Dixon Peo.&H.—1st, 8s,’74-89. J&J
5s, 1901
A&O
104
106
66
62
Dubuque& Sioux C.—1st,7s,’83. J&J 109*4
Chic. & Can. So.—1st, 7s, 1902 A&O
1st mort., 2dDiv., 1894.* ...J&J
Chic. Cinn.& Louisv.—1st M., guar.
103
107
103
Dunk.A.V.&P.—lst,7s,g..l890J&D
Chic.Clin.Dub & Minn.—7s,’84 F&A i’0’2%
97
Penn.—1st
East
1888
..M&S
M.,7s,
Chic. & East. Ill., S. F. c’y, 1907
92
E.Tenn.Va.& Ga.—1st, 7s,1900. J&J
do
small bonds
99
102
T
112
115
1115*2 116
1114
114*2
H34*2 136
1107*2 108
Land
‘
1st
2d
3d
mortgage trustees’ certifies..
do
do
do
do
do
do
Leased L. rental, 7s, g., 1902.J&J
do
do 7s, g., 1903.J&J
West. ext. certifs, 8s, 1876.. J&J
do
do
7s, guar. Erie
Atlantic & Gulf—Cons. 7s, ’97. J&J
Mort., 7s, end. Sav
1st mortgage, 7s
J&J
S.Ga.& Fla., IstM. 7s, 1899, M&N
+69
-
132
+16
188
133
181
177
Balt. & Pot’c—1st, 6s, g., 1911. J&J
1st, tunnel, 6s, g., g’d, 1911.A&O
Belle v.& S. Ill.—1st, S.F.8s,’96.A&0
Belvidere Del.—1st, 6s, c.,1902. J&D
2d mort., 6s, 1885
M&S
3d mort., 6s, 1887
F&A
Boston & Albany—7s, 1892-5.F&A
..
38
84
109
Sinking fund, 6s, ’79,1929. A&O
80
108
......
102
107
108
......
103
111
103
116
116
117
*
-
$
•
do
101*4
♦ 122*4
+ 112
100
1106
♦ 108
100
100
123
113
100*2
do
'
reg
Iowa Mid., 1st M., 8s, 1900. A&O
Gal. & Chic, ext., 1st, 7s,’82.F&A
Peninsula, 1st, conv., 7s,’98.M&S
Chic. & Mil., 1st M., 7s, ’98.. J&J
Madison ext., 7s, g.,
Price nominal
no
late transactions.
Ga., 1st,
6s,’80-86.J&J
100
103
Va.,end.,6s, 1886.M&N t91*2 91%
Eastern, Mass.—4*28, g.,1906.M&S $97
99
Sterling debs., 6s, g., 1906..M&S 108
110
125*2 Elmira&W’m sport—1st, 7s,’80. J&J
85*2
58, perpetual.
A&O
Erie- (See N. Y. Lake E. & West.)
105
100
Erie & Pittsb.—1st M., 7s, ’82. J&J
125
113
114
114
113
11278
109
109
114*4
109
134)
101
110*2
108*2
106*2
123
103
108*2
116% 117
116*2
103
113*2
mort,, 7s, 1898
J&J
Eauipment. 7s, 1890
A&O
Evansv. & Crawf.—1st, 7s, ’87. J&J
Evausv.T.H.&Chi—1st, 7s, g.M&N
Cons,
Fitchburg-^58,1899
6s, 1898
.....A&O
7s. 1894
A&O
Fitch. & Wore.—5-20s, 7s,1889. J&J
Flint & P.Marq.—1st m.,l.g.8sM&N
Cons. S. F., 8s, 1902
M&N
Flint & Holly, 1st, 10s, ’88.M&N
Bay C.& E. Sag.—1st,
10s„S2.J&J
Holly'W. & M.—1st, 8s, 1901.J&J
Florence &E1
Dorado—1st,7s. A&O
Flushing & N. S.—1st, 7, ’89..M&N
2d mort., 7s
:
M&N
Ft. W. Jack. &S—1st, 8s, ’89..J&J
Ft.W. Mun.& C.—1st, 7s, g.,’89. A&O
Fram’gham & Lowell—1st, 7s, 1891
do
(notes), 8s, 1883
Frankfort & Kokomo—1st, 7s, 1908
Gal.Har.& S.A.—lst,6s,g.l910.F&A
Gal.Hous.&H.—1st, 7s, g.,1902. J&J
iro9%
IT 05 78
1....
J&J
Georgia—7s, 1876-96
68
118
117
117
105*2 107
100
99
112
110
74*2 76
112
110
107
......
100*4
♦ 102
110
♦ 109
♦ 102*2 103
100
98
♦ 105
105*4
♦ 100
101*2 103
106*v
105
108
tlOO
90
84
t The purchaser also pays accrued interest.
E. Tefan. &
E.Tenn.&
1911.** A&O 1T110
Menominee ext., 7s, g., 1911.J&D
Northw. Un.,l8t, 7s, g.. 1915.M&S
& Pad—1st M., 7s, 1903.J&J
100*2 Chic.
(
L02
(Chic. Pek.& S.W.—1st, 8s,1901.F&A
114
(Chic.R.I.&Pac.—6s, 1917,coup.J&J
56*4
6s, 1917, reg
J&J
(
Ch.St.P.&
M’polis,lst,6s,g,’18.M&N
L17
Land M., inc., 6s, 1898
M&N
108*2 Chic.
(
St.L.&N.O.—lst.con. 1914, 7s
L01
2d mort. 6s, 1907
J&D
L21
Ten. lien, 7s, 1897
M&N
Boston & Maine—7s. 1893-94. J&J ♦ 120
Chic. & S. W.—1st,7 s, gu ar., ’90. M&N
106
Bost. & N. Y. Air L.—1st 7s
Ham.&D.—1st M., 7s,’80.M&N
<
Cin.
Bost. & Providence—7s, 1893.J&J ♦ 122*2 L24
2d mort., 7s, 1885
J&J
Bost.A Revere B’h—1st,6s,’97. J&J 104% L05
Consol, mort., 7s, 1905.;
85
A&O
Buff. Brad.A P— Gen.M.7s,’96.J&J
do
6s, 1905
A&O
BiRtN.Y.&Erie—1st, 7s, 1916.J&D 120
100
Cin. H. & I., 1st M., 7s, 1903.J&J
93
Buff.N.Y.&Phil.—1st, 6s,g.,’96. J&J
90
C
& Indiana—lst M., 7s,’92.J&D
89
Cin.
Bur. C. R.&N.—l8t.5s,new,’06.J&D
2d mort.. 7s, 1882-87
J&J
Bur. & Mo. R.—L’d M., 7s, 93.A&0 114*2 L15
c
Cin.
Laf.& Ch.—1st, 7s,g.,1901.M&S
Conv. 8s. 1894 series
...J&J ♦ 140
C
Cin.&Sp.—7s, C.C.C.& I., 1901.A&O
Bui*. & Mo. (Neb.)—1st, 6s, 1918.J&J *107*2 JL08
do
guar.,L.S.&M.B.,190lA&0
8s, conv., 1883
J&J 119
Cin.
Rich. & Chic.—1st, 7s, ’95. J&J
C
Consol, m., 6s, non exempt.. J&J ♦ 101% 1l02
L
Cin.Rich. & F. W.—1st, 7s, g... J&D
107
110
85
80
do
income bonds
70
Chic. & Iowa—2d M., 8s, 1901.J&J
Chic. I’a & Neb.—1st M., 7s,’88. J&J 107
Chic.& Mich.L.Sh.—1st, 8s,’89.M&S 1105
108
*108
106
109
J&J
Bost.Clint.&F —IstM..,6s, ’84,J&J
1st M., 7s, 1889-90
J&J
N. Bedford RR., 7s, 1894. ...J&J
Equipment, 6s, 1885
F&A
Bost. Conc.& Mon.-S.F., 6s,’89. J&J
Consol, mort., 7s, 1893
A&O ♦ 112*2
55%
Bost. Hart.& E.—1st, 7s, 1900. J&J
49
1st mort., 7s, guar
J&J
Boston & Lowell—7s, ’92
A&O ♦ 116
6s, 1896
J&J ♦ 107*2
New 5s, 1899
J&J 100*2
6s, 1895
..
108
107
1102
1114
1114
1115
»
*
1106
1105
Com. bondholders certs
199
Atl.& St. Law.—St’g 2d, 6s ,g. A&O 1105
3d mort., 1891
1106
Bald Eagle Yal.—IstM., 6s,’81.J&J 100*2
Baltimore & Ohio—6s,1880...J&J 101
6s, 1885
A&O 109
J&D
M&S
g., 1902..M&S
do
6s, g., 1910. M&N
ParkersburgBr., 6s, 1919...A&O
71
34
17
90
»
+
Chic.M.&St.P.—P.D.lst.,8s,’98 F&A
P. D., 2d M., 7 3-10s, 1898..F&A
St. P. & Chic., 7s, g., 1902
J&J
Mil. & St. P., 2d M., 7s, 1884.A&O
La. C., 1st M., 7s, 1893
J&J
I. & M., 1st M., 7s, 1897
J&J
I’a. & Dak., 1st M., 7s, 1899. J&J
Hast. &Dak., IstM.,7s, 1902.J&J
Chic. & Mil., 1st M.,7s, 1903.J&J
1st mort., consol., 7s, 1905. .J&J
1st M., I. & D. Ext., 7s, 1908J&J
1st M.,6s, S’thwest Div.l909J&J
1st M., 5s. La C. & Dav. 1910J&J
Chic.&N.W—Sink.f.,lst,7s,’85 F&A
Interest mort., 7s, 1883
M&N
Consol, mort., 7s, 1915
0—F
Exten. mort., 7s, 1885
F&A
1st mort., 78,1885
F&A
Consol., gold, 7s, cp., 1902..J&D
106
50
101
109
At.Miss.&Ohio.—Cons.,g.1905.A&O
Sterling, 5s, 1927
Sterling, 6s, 1895
Sterling mort., 6s,
h>**»+,»
96
2d M., 7s, 1904.M&N
do
Un.&
Cumberl’d & Penn 1st 6s, ’91. M&S
Cal. & Oregon, 1st, 6s, g.,’88.J&J 104*2
108"
do
2nd 68,1888..M&N
Cal.& Or. C.P.bonds, 6s,g.,’92 J&J U06 ,
105
105*2 Cumberl.Val.—lstM.,8s,1904.A&0
Land grant M., 6s, g., 1890.A&O
♦ 97
100
Dakota Southern—7s. gold,’94,F&A
West. Pacif., 1st, 6s, g., ’99..J&J 108*2
90
100
80
108"
104
Danb’y & Norwalk—’80-92.. J&J 1101*2 102
100
Charl’te Col.&A.—Cons.,7s,'95. J&J
90,
Dayton & Mich.—1st M., 78, ’81. J&J 1102
2d mort., 7s, 1910
1113
1L4
J&J 115
2d mort., 7s, 1887
M&S tlOl
Clieraw &Darl.—1st M.,8s,’88. A&O
106*2 107
100
3d mort., 7s, 1888
A&O ♦ 100
2d mort., 7s
116
1112
105
Dayt. & West.—IstM.,6s, 1905.J&J ♦ 105
Clies. & Ohio—Pur. money fd.,1884
ioe
69
69*2
1st mort., 7s, 1905
J&J *108
6s, gold, series B, int. def. 1908..
Delaware—Mort., 6s, guar.,’95. J&J 117
6s, gold, small bonds, 1908
117*2
43% 44
Del.& Bound B’k—1st, 7s,1905F&A
80
90
105
6s, currency, int. deferred, 1918.
Del. Laok.& W.—2d M.,7s,’82.M&S
12
20
104*2
6s, currency, small bonds, 1918 .
100%
Convertible 7s, 1892
J&D 119
80
100
Ya. Cent., 1stII., 6s, 1880...J&J
Mort.
101*2
M&S
7s,
1907
do
3d M., 6s, 1884...J&J
100
97
90
100
Denver Pac.—IstM.,7s, g.,’99.M&N
do
4th M., 8s, 1876 .. J&J
117
103% 104*4
1103*2 104*2 Den.& Rio G.—1st, 7s, g., 1900.M&N
J&J tlOO 100*4
110*4 110*2 Cheshire—6s, 1896-1898
f 95
Des M. & Ft. D.—1st, 6s, 1904. J&J
102
*62
J&J
6s, 1880
Detroit
&
Bay C.—lst,8s,34)02.M&N ♦107
Chester Val.—1st M., 7s, 1872.M&N
109
11258
116
1st M., 8s, end. M. C., 1902.M&N
Chic. & Alton—1st M„ 7s, ’93.. J&J
110
117*2 iis
$108
114
1112
Det.G.Haven&Mil.—Equip.6s,1918 196
105
98
Sterling mort., 6s, g., 1903..J&J
108
Con. M., 5% till’84, after 6%. .1918
■_
Income, 7s, 1883
:..A&0 103
♦ 113
43*2 44
Det.
L.
&
North.—1st,7s,
1907.A&O
Bds. Kan. C. line,6s,g.,1903.M&N
100
105
t
105
112
8s
S.
111
Ask.
198V 100
1900..F&A
M&S
7s, 1887 extended
74
J&D
Consol, mort., 7s, 1890
110
Clev. Col. C. & I.—1st, 7a, ’99.M&N
105
Consol, mort., 7s, 1914
J&D
95
Belief. & Ind. M., 7s, 1899...J&J
65
Clev.&M. Val.—1st, 7s, g.,’93.F&A
S. F. 2d mort., 7s, 1876
M&S,
Clev. & Pitts.—4th M,, 6s, 1892.J&J
Consol. 8. F., 7s, 1900......M&N
91*2
103
Clev.Mt.V.&Del.—1st, 7s, gold,J&J
50
Columbus ext., 7s, gold, 1901
112
Colorado Cent.—1st, 8s, g., ’90. J&D
114
C. C. & I. C.—1st cons, m., 7s .A&O
104
2d mort,, 7s, 1909
F&A
111
Trust Co. cert., 1st, cons., assd...
.
Toledo, O.—7-30s,
Sand’ky & Cl.—6s,
Cin.
1113*i; 114*2
Carolina Cent.—1st, 6s,g.,1923.J&J
1106*5 107
104
Catawissa— 1st M.,7s, 1882..F&A
New mort., 7s, 1900
F&A 133*2
do
68
103%
Cedar F. &Mm.—1st, 7s, 1907. J&J
84
80
Savannah funded 5s. con&ols.
1110*2
Cedar R. & Mo.—1st, 7s, ’91...F&A
•.
50
113*2
1st mort., 7s, 1916
M&N 1113*4
60
113
111
J & j
Bridge 10s, 1891
Cent, of Ga.—1st, cons., 7s,’93.J&J
•.
*105*5
St.
120
118
of
M.,
7s,
g...J&J
Cent,
Iowa—1st
•. +103
62
60
2d mort
'
) 1107*5
Water 6s, gold, 1887-90... J
116
Central
of
M.,7s,’90.F&A
N.
J.—1st
) 107*5
do
do (new), 1892.A
107*v
7s, conv, 1902, assented. ...M&N
107*5 i08*2
107*4 1073e
Con80l.M.,7s,1899,
assented.
Q—J
107%
Renewal, gold,
107*2 108
107*5
Adjustment bonds, 1903
90*4
Income bonds, 1908
M&N 190
) 107*5
84
83"
Small
bonds,
1908...
M&N
107*5
110
Am.
Dock
&
105
Imp.
Co.,
7s,’86
J&J
)
98
111
110
do
assented
111
$ 108
71
Leh.&
Coal,’88,M&N
Wilkesbarre
no
70
Small bonds, 1888
104
M&N 115
) H02
Somerville, Mass.—5s,
108
7s,
gold,
1900
Q-M
C01130I.,
r
U07
6s, 1885.
do
.
assented 100
109
) 1108
112
110
Cent. Ohio—1st M., 6s, 1890..M&S
) 1113*2 114
113
Springfield, Mass.
121
Cent. Pacific—1st, 6s. g.,’95-98.J&J 112*2
1119
106
7s, 1903, water 1
105
State Aid, 7s, g., 1884... r
J&J
Stockton, Cal—8s.
107
.
Bid.
Railroad Bonds.
Ask.
Bid.
Railroad Bonds.
Ask.
213
CHRONICLE.
THE
28, 1880.]
1
i
106*2
90
103
80
103
111
96
103*4
112
120*2 121
100
110
88
85*2
90
93
92
......
101*4 101*2
80
70
52
20
t80
85
$97
99
93
119
90
85
116
105
108*2 110*2
Gr.Rap. & Ind.—1st, l.g., g’d, 7s, g. 100
105
1st M.,7s, l.g., gold,not guar.A&O
85
75
Ex land grant, 1st 7s, ’99...
Greenv. & Col.—1st M., 7s, “guar.” 100
Bonds, guar
Hack’s’k&N.Y. E—1st, 7s,’90. M&N
Hannibal & Nap.—1st, 7s, ’88.M&N
Han. & St. Jo.— Conv. 8s, 1885. M&S
75
72
15
iii *2 11178
65
Quincy & Pal., 1st, 8s, 1892.F&A
Kans. C. & Cam., 1st, IQs,’92. J&J tll5
Harl.& Portcheater—1st jT,7s,.A&0
Harrisb. P.Mt. J.&L.—1st, 6s.. J&J
Housatonie—1st M., 7s, 1B85.F&A
2d mort., 6s, 1889
J&J
Houst. E. & W. Tex.—1st,
7s, 1898.
Hoii8t.&Tex.Cen.—1st M.,7s,g’d,’91
West. Div., 1st, 7s, g., 1891..J&J
Waco & N. W., 1st, 7s, g.,1903. J&J
Cons, mort., 8s, 1912
A&O
Waco &N., 8s, 1915
Inc. and Ind’y7s, 1887
M&N
$ In Load >a.
lu Amsterdam.
120
•*•••«/
108*2, iYa*2
106% 108
107
113*2 114
95
1
98
214
THE CHRONICLE.
GENERAL
For
Bid.
>
L.Brie
Ask.
115
106
L
Cons. 3d M. 7s, 1895
III. Cent,—1st M,Chic. A Spr.’S
Sterling, S. F., 5s, g., 1903.
Sterling, gen. M.,6s, g., 1895
do
5s, 1905
111. Grand Tr.—1st M., 8s, ’90
Indiana Bloom. A Western—
1st mort., pref., 7s, 1900
r
)
)
Income, 1919
.
.
)
)
)
r
In’pnlis D. A.Sp’d-
73
i
75
33
106
r
92
International & Gt. Northern—
1st mort., 6s, gold. 1919
MA r
2d mort., income, 1909
77
1st Purch. Com. Receipts
2d
do
do
H. & Gt. No., 1st, 7s, g., 1900...
do 1st Purch. Com. Receipl
do 2d
do
do
Ionia & Lansing—1st 8s,’89. ..JA
Equipment 6s, 1882
7112
102
103
.
>
■
108
42
i ids’
112
tl06
Marietta A Cincinnati—
1st mort.. 7s. 1891
FAA
Sterling, 1st M., 7s, g., 1891.FAA
2d mort., 7s, 1896
MAN
3d
mort., 8s, 1890
Scioto A Hock.Val., 1st, 7s„N
Clev.—1st, 7s,
.'1
g.,
6s, 1908
113
KalamazooAS.H.,lst,8s,’90.MAN
95
guaranteed
1
108*2'
2d mort
FAA
117
117
Bonds, 7s, 1900
General mort., 7s, 1901
Consol, mort., 7s, 1915
JAJ
AAO
JAD
Nash.Chat.ASt.L.—1st,7s,1913 JAJ
1st, Tenn. A Pac., 6s, 1917...JAJ
118
1st
M., R. AL.G. D’rd,1899.J
Land 1st mort., 7s, g., 1880..
Land 2d moi*t.,7s, g., 1886..
125
111
do
No. 16,7s, 1916.MAS
Denver Div., 6s ass. coup. cert..
New consol. M. 6s, 1879
Income, 7s, 1899
127
1st, McM. M. W.AA.,6s,1917.JAJ
142
r
97
97
Income, 7s, 1899
Lake Shore A Mich. So.
N. H.
AN’tlTton—1stM.,7s,’99. JAJ
.
110
II6I2
Lehigh A Lack.Lehigh Val.—le
N.O.Jack.AGt.N.—lstM.,8s’86. JAJ
2d
......
N.Y. A Can.—£ M.. 6s, g., 1904.MAN
N. Y. Central A Hudson—
114
122
122
II6I2
-•—
Gen. M., s. f., 6s, g., 1923
J&D
Delano Ld Co. bds, end.,7s,’92JAJ
Lewisb. <& Spruce Cr.—1st, 7s.MAN
Little Miami—1st M., 6s,1883.MAN
L. RockA Ft.S.—lst,l.gr.,7s ’95. JAJ
Little Schuylkill—1st, 7s, ’77.AAO
116
125
11112
114
108
iio
110
65
......
ParisADec’t’r—lstM.,7s,g.,’92.JAJ
......
91
105
106
120
100
f
L17
126
6s, 1887
JAD
real est., 6s. 1883..MAN
Hud. R., 2d M., 7s., 1885... .JAD
N. Y. Elevated.—1st M., 1906. JAJ
N. Y. A Greenwood Lake.—1st 6s.
do
2d....
116%
1123s
ii*3
..
Pitts.C.ASt.L.—lstM.,7s,1900.FAA
2d mort., 7s, 1913
2d mort., 7s, 1912
3d mort., 7s, 1912
!
114
ii*6
96
88
31
98
124
120
125
Equipment, 8s, ’84, all paid.MAS *107
109
JAJ
AAO
Pitts. Titusv.A B.—New 7s,’96FAA
Pleas’t Hill A De Soto—1st,7s,1907.
1 Port
Hur.AL.M.—1st,7s,g.,’99 MAN
1
90
33
83
80
111
112
111
AAO
Pittsb.ACon’llsv.—lstM.7s,’98.JAJ 114 115
109
Sterling cons. M., 6s, g., guar.JAJ *107
Pitts.Ft.W.AC.-lstM.,7s,1912.JAJ 127*2 128*2.
77
MAS
35
80
10
45.
90
23
115
114
75
.
1 Rich.
Fred. A
Potomac—6s, 1875...
Mort, 7s. 1881-90
117
IOO
107
112
107
103
110
95 ' 101
73
73**
199
99**
75
75*4
103
108
......
JAJ
...
Rich. A Petersb., 8s,’80-’80...AAO
New mort., 7s, 1915
MAN
106
103
RomeWat’nAO.—S.F.,7s,1891.JAD
10 4
2d mort., 7s, 1892
JAJ
Consol, mort., 7s, 1904
AAO
Rutland—1st M., 8s, 1902....MAN
109*2 110^6
113
63
24
f The purchaser also pays accrued interest.
80
1 Pueblo A Ark. V.—1st, 7s, g., 1903. mo*4 110**
j Quincy AWars’w—IstM.,8s,’90. JAJ 115 116
Ren.AS’toga—1st 7s,1921 cou.MAN 127
let 7s, 1921, reg
i05
Rich’dADan.—Con.,6s,’78-90.MAN 102*2 104
General mort., 6s, gold
100
126*2
Piedmont Br., 8s, 1888
AAO 112*2 115
114
:io3
110
1217s;
105*2 106
Portl’ndAOgb’g—lst6s,g.,1900JAJ
Vt. div., 1st M„ 6s,g.,1891..MAN
66
26
Equipment, 2d mort., 5s
FAA
SanduskyM.AN.—1st, 7s,1902.JAJ
.
.
.
..
late transactions.
115
117
-
.
0
10134 102
.
|
no
85
113
6s, coup., 1905..JAD 112
103
Navy Yard, 6s, reg., 1881 ...JAJ *102
100
97
Penn. Co., 6s, reg., 1907
Q.—J *103% 104*4
Penn. AN. Y.—lst.7s,’96A1906.JAD 120
Peoria Dec.A Ev.—lst,6s,1920;JAJ
92
92*2
Ill
113
56
Incomes, 1920
Peoria Pekin A J.—1st, 7s, ’94. JAJ *40
50
105*4
Perkiomen—1st M., 6s, 1897..AAO
109
Ex fd. cps.,Dec.,’77,to J’e,’80,inc.
85
*30
Petersburg—1st M., 8s, '79-’98.JAJ 123
91
89
2d mort., 8s, 1902.
62
73
JAJ
Phil. A Erie—1st M., 6s, 1881.AAO 103*2 105
20
2d mort., 7s, 1888
114
JAJ 113
75% *76
2d mort.. guar., 6s, g., 1920.JAJ *105
107
49*2 Phila. A Read.—1st M., 6s,’80. .JAJ 101*2 102*2
37*2 40
1st mort., 7s, 1893
118
AAO 117
40
35
Debenture, 1893
JAJ
102
101*6
Mort., 7s, coup., 1911
JAD 116*2
127
Gold mort., 6s, 1911
JAD
106*4
115
80
Improvement mort., 6s, 1897
88*4
102
New convertible, 7s, 1893...JAJ
100
G. s. f., $A£,6s,g.,1908, x cps.JAJ **86
88
113
^93
Scrip for 6 deferred *2 coupons
*91
109*2 110*2
Coal A I., guar. M., 7s, ’92.. MAS
114
114*21
90
Income mort., cons. 7s, ’96, JAD
100
113**
Pliil.Wil.ABalt.—6s, ’92-1900.AAO *113
N.Y.AHarlem—7s,coup.,1900.MAN 126*4
SavannahAChas.—lstM.,7s,’89JAJ
104
7s, reg., 1900
MAN 126
*1*2*7
Chas. A Sav.. guar., ’6s, 1877.MAS
10312 103% ]N. Y. Lake Erie A West. (Erie)—
Scioto Val.—1st M., 7s, sink’g fund
1st mort., 7s.1897,extended MAN 122
Sham. Val. A P.—1st, 7s, g.,1901 JAJ
Long Island—1st M., 6s, 1898.M&N 106 ho
2d mort. exten., 5s, 1919 ...MAS 106
Sheboyg’nA
Newtown & FI., 7s, 1903 ...MAN *
F-du-L.—1st,7s,’84 JAD
80
3d mort., 7s, 1883
MAS 108
1*08*2 Shore L., Conn.—IstM.,7s.’80.MAS
N. Y. A RockawTay, 7s, 1901. A AO
80
4th mort., 7s, 1880
104
AAO
SiouxC.ASt.P.—lstM.,8s,1901MAN
Smitht’n A Pt. Jeff., 7s, 1901.MAS
75
5th mort., 7s, 1888
JAD 111*2 112
Sioux C. A Pac., 1st M., 6s, ’98.JAJ
Louis’a A Mo.R.—1st, 7s, 1900FAA 10312
1st cons. M., 7s, g.,1920
MAS 121*2 121%! So. AN. Ala.—lst,8s,g.,end.’90.. JAJ
2d mort,, 7s, 1900
MAN 102
New 2d cons. 6s, 1969
JAD
Sterling mort., 6s, g
Lou’v.C.A Lex.—1st,7s,’97 JAJ (ex) tll4
MAN
il4%> 1st cons, fund coup.,78,1920 MAS i.2614'
3o. Carolina—1st M.,7s,’82-’8S.JAJ
2d mort., 7s, 1907
AAO
108
2d cons, f’d cp., 5s,1969
JAD
*89
1st, sterl. mort., 5s,g.,’82-’88.JAJ
Louisville A Nashville—
1
Gold income bonds, 6s, 1977
70
Consol. 1st mort., 7s, 1898.. A AO 120
Bds,7s,’02,2d M.,uneujoinedAAO
121
Long Dock mort.,,7s, 1893..JAD
113
2d mort,, 7s, g., 1883
Bds., 7s, non-mort
AAO
MAN 104
105*2 1N.Y.AN.Eug.—1st M., 1905... JAJ
113
ii278
South Side, L.I.—1st,7,1887...MAS
Cecilian Br., 7s, 1907
MAS 108*2
1N.Y.Prov.AB’n—Gen. 7s, 1899. JAJ 120
do
S. F., 2d, 7s,1900.MAN
Louisville loan, 6s, ’86-’87..AAO 104
104*2
6s, due 1880
100
South Side, Va.—1st, 8s,’84-’90.JAJ
Leb. Br. ext., 7s, ’80-’85
101
102 *4
115
2d mort., 6s, 1884-’90
j 1NorFkAPctersb.—lstM.,8s,’S7.JAJ
Leb. Br. Louisv. l’n, 6s, ’93.. AAO
JAJ
1st mort., 78, 1887
JAJ 110 ■
3d mort,, 6s, 1886-’90
Mem.A 0.,stl., M.,7s, g.,1901JAD *115
..JAJ
117
2d mort., 8s, 1893
:
JAJ 114
So. Cen. (N.Y.)—1st7s, 1899..FAA
M.AClarksv..8t’g,6s,g.,1902 FAA ’104 106
2
North
Carolina—M., 8s, 1878.MAN 110
115
2d mort. 7s, gold, 1882, guar..
Maeon A Aug.—2d, end.,7s,’79.JAJ
|
98
105
1North Missouri—1st M., 1895..JAJ 116
117*2 So. Minnesota—1st M., 7s(pink)JAJ
Maine Cent.—Mort. 7s, 1898...JAJ fill
113*2! INorth Penn.—1st M., 6s, 1885. JAJ 108*4 109
1st mort. 7s, 1888
Exten. bonds, 6s, g., 1900...AAO 1103
JAJ
104
2d mort., 7s, 1896
MAN 116
117
Extension!
Cons. 78, 1912
AAO 1109
110
Gen. mort., 7s, 1903.
JAJ 115*4 117
).Pac„, Cal.—1st, 6s, g.,1905-6. JAJ
Androscog. A Ken., 6s, 1891.FAA 1105
106
Northeast.,S.C.—1st M.,8s,’99,MAS 120 125
Leeds A Farm’gt’n. 6s, 1901.JAJ 1103
)uthwestern(Ga,)—Con v..7s,1836
104
2d
Price nomiual;
70
Pekin Lin. A Dec.—1st,7s,1900 FAA
Pennsylvania—1st M., 6s, ’80. .JAJ
General mort, 6s, coup.,1910 Q—J
do
6s, reg., 1910.AAO
Cons, mort., 6s, reg., 1905..Q—M
tioi
mort., 8s. 1899
110
103% 104
Mort., 7s, coup., 1903
JAJ 126
Mort., 7s, reg., 1903...
JAJ 126
MAN 104
Subscription, 6s, 1883
Sterlingmort., 6s, g., 1903...JAJ +115
N. Y. C.,premium, 6s, 1883.MAN 105
do
do
-1st M.,7s, ’97.FAA
AAO
N.O.Mofc.ACliatt.—1st,8s,1915. JAJ
105
H6I2
mort., 8s, 1890, certifs ..AAO
2d mort. debt
......
119
Buff. A State L., 7s, 1882
Det. Mon. & Tol., 1st, 7s, 1906...
Lake Sli. Div. bonds, 1899..A
109*2
120*2
109
60
100
101
89
102
104
117
97
New’kS’setAS.—1st, 7s, g.,’89.MAN
N.HavenADerby, 1st M., 7s,’98.Var
98
97
70
98
10914
do
103 '
100
90
Nashv.A Decat’r.—1st,7s,1900. JAJ 108*2
Nashua A Low.—6s, g., 1893.FAA fl06
108
*86
Nebraska—1st,78,(end.B. A M.) AAO 111
109*2 Newark A N. Y.—1st, 7s, 1887.JAJ 112
Conv. 68, 1882
AAO
N. J. Midl’d—1st M., 7s, g.,’95.FAA
67*2
2d mort., 7s, 1881
FAA
N. J.Southern—1st M.,new 6s. JAJ
11012 in
N’burgh AN. Y.—1st M.I78,1888. JAJ
& West.—Is
8i
109
do
FAA
.
K.C.St.Jos.AC.B., M. 7s,1907. JA
do inc. bds, rg.,6s,1907.AA'
K.C. Topeka AW.- 1st M., 7s,g.,. JA
Income 7s.
AA<
Kansas & Nebraska—1st mort
Kansas Pacifia 1st mort., 68, gold, 1895
1st mort., 6s, g., 1S96
Mo. Kansas A Texas—
Cons, assessed, 1904-6
108
114
106
1st, 6s, g., 1899. (U. P. S.Br.)JAJ
2d mort., income, 1911
AAO
Boonev’e B’ge,7s,guar,1906.MAN
107
Han. A C. Mo., 1st 7s, g.,’90.MAN
109
do
*
2d, 1892.... MAN
Mo.Pac.—1st mort.,6s,gld,’88, FAA
2d mort., 7s, 1891
JAJ
Car. B., 1st mort., 6s, g. ’93..AAO
3d mortgage
105
Income, 7s, 1892
3
IO8I2 109
Mob. A Ala. Gr. Tr.—1st. 7s, g’ld,’95
88
88*2 Mobile A O.—1st pref. debentures..
2d pref. debentures
tl08
3d pref. debentures
87
89
4th pref. debentures
<115
116
New mortgage, 6s, 1927
;.....
Morris A Essex—1st, 7s, 1914 MAN
84
79
2d mort, 7s, 1891
FAA
53
50
Construction, 7s, 1889
FAA
Kans.C.St. Jo. &C. B.—
112
82
110
107*s 109 ~
109*2 110*2
106*2 108 »2
.
52
Mass. Central—1st, 7s, 1893
7414 Memp. A Charl’n—1st, 7s,’80.MAN
30
2d mort., 7s, 1885
99
JAJ
40
Mem. A L. Rock—1st, 7s
83
Memphis A Ohio—let, 7s, 1901
Metrop’n Elev.—1st M ., 1908, JAJ 103*4
Michigan Central¬
102
ist mort., 8s,1882
1
78
Consol., 7s, 1902
MAN 119*4
1st M. on Air Line, 8s, 1890. JAJ 112
43
Air Line, 1st M., 8s, guar...MAN 106
Equipment bonds, 8s, ’83.. .AAO
Gd. Riv. V., 1st 8s, guar.,’86.JAJ f 109
50
6s, 1909
MAS 110*4
*
Joliet & Cliic.—lstJM.,8s, ’!
JolieLA N. Ind., 1st, 7s (gu£
Junction RR.(Pliil.)—1st,6s
2d mort., 6s, 1900
Kalamazoo A1.& Gr. R.— 1st
Kal. A Scho(i!craft—1st, 8s,
109
109%
106
105
84*4 84*2
MAS
Ask.
'78*2 82
Con. mort, stg. 6s, g., 1904.. .JAJ +’101
103
Northern Cent’l Mich.—1st, 7s
Northern, N.J.—1st M., 6s, ’S8.JAJ
95
Norw’hAWorc’r—1st M.. 6s.’97. JAJl 103
110
Ogd’nsb’gAL.Ch.—1st M.6s,’98, J AJ 100
S. F., 8s, 1890
MAS tioo
Ohio Cent.—1st, mort.,6s,1920,JAJ
93
Incomes, 1920
57
OhioAMiss.—Cons. S. F.7s,’98.JAJ 112% 113
Cons, mort., 7s, ’98
...JAJ 112*2 113
2d mort., 7s, 1911
AAO 113*2 114
1st mort.,Springf.Div., 1905 MAN
82
85
Oil Creek—1st M., 7s, 1882... A AO
99
100
Old Colony—6s, 1897
FAA 1108*2 110
6s, 1895
....JAD 1108*2 110
7s, 1895
MAS f 117% 118**
15
OmahaAN.W.—1st, 1. g., 7.3, g. JAJ
Omaha A S.W.—IstM.,8s,1896. JAD
Or’geA Alex’ndria—lst,6s,’73M AN 105
110
2d mort., 6s, 1875
110
JAJ 105
3d mort., 8s, 1873
78
80
MAN
4th mort., 8s, 1880
46
MAS
48*2
Or. Alex.A M.,lstM., 7s, ’82.JAJ
85*2 86
Oreg. A Cal.—Frankfort Com.Rec.x *53
56
98
100
Osw.ARome—IstM., 7s, 1915.MAN
Osw. A Syracuse—1st, 7s, ’SO.MAN
Ott. Osw. A FoxR.—M., 8s, ’90.JAJ 112
116
Panama—Sterl’gM., 7s, g. ’97. A AO *116 118
Paris A Danville—IstM., 7s .1903.
JAD
110*2 Minneapolis A Duluth.—1st 7s
U08
110
Miss. Cen.—1st M., 7s, ’74-84.MAN
tio6*4 106*2
do
2d m., 8s
Miss.ATenn.—1st M., 8s, series “A”
do
8s, series“B”
112
104
100
105
104
106
’95
Marq’tteHo.A O.—Mar. A O.,8s, ’92
Bid.
North’n Cent.—2d mort.,6s,’85. JAJ
3d mort., 6s, 1900
AAO
Con. mort., 6s, g., coup., 1900. JAJ
6s, g., reg., 1900
AAO
Mort. bonds., 5s, 1926
JAJ
i*ob" 110**
Marietta P. A
Consol. 7s
t 110
Jeff. Mad.AInd.—1st, 7i
Railroad Bonds.
103
51
101
,
do
Consol, mort., 8s
Jamest. & Frankl.-
Ask.
Me 'T
106*4 Mil. A North.—1st, 8s, 1901... JAD
*104** 107*2 Minn. A St. L., 1st m., 1927...JAD
Jackson Lansing A Saginaw—
BONDS—Continued.
Mansf, A Fr’harn.—1st, 7s,’89..JAJ
66
f
Bid.
Maine Central—Continued—
Portl’d A Ken., 1st, 6s, ’83. .1
1102
do
Cons. ^L, 6s, ’95.Avw 105
115
ii4
74
7478
64
65
57*2 61*2
3
do
Railroad Bonds.
108
70
110
106
115
105
116
65
>
r jios
> *104
> :ii3
> ’103
) 115
nd’polis C. AL.
OF STOCKS AND
Explanations See Notes at Head of First Page of Quotations.
Railroad Bonds.
do
QUOTATIONS
[Vol. XXX
...
eubenv.Atnd.—IstM.,6s,’81. Var.
* In London.
TT In Amsterdam.
“3*5"
tioi
*
103
35
100
90
90
109
100
100
115
106
;104
106
110
92
100
65
70
40
42
96*2 98
25
30
110
98
90
90
80
......
ibb *’ 1*04*’
105
95
106
107
110
1102
104
February 23,
CHRONICLE.
THE
it80]
GENERAL
QUOTATION'S OF STOCKS AMD
BOKDS—Continued,
explanations See Notes at Head of First Pago of Quotations.
For
i
Bid.
Railroad Bonds.
St. Joseph
2d mort
& Paoif.—1st rnort
90
60
113
■
St.L.Alt.&T.H.—1st M., 7s, ’94
95
65
Atchison & Nebraska
100
Atchison Topeka & Santa Fe..l00
Atl. & St. Law., leased, 6, £
100
2d 6s, iut. accumulative
Ark. Br. 1. gr., M., 7s, g., ’97.
Cairo Ark. & T..1st,7s,g.,’97.
104
101
1 80
{106
do
do
Pref., 6
2d, pref
Washington Branch
•St. L.& S.ECon. M.,7s, g.,’94M&N
1st, cons., 78, g., 1902
F
Evansv. II. &N.,1st,7s, 1897.
95
100
45
95
*85
112*2
"108
t92
95%
St.L.&SanF.—2d I
2d M., class B, 1
do
class C, 1
South Pacific.—
St.P.Minn.& Man.
do small
-
74
75
102*2
f
109*2
|.
t95
Terre H.& Ind.—1st M., 7 s,’79.^
Texas & Pac.—1st, 6s, g.1905 I
Consol, mort., 6s, gold, 1905. ‘
Inc. and land gr., reg., 1915.*
Tol.Cau. S.&D’t.—lst,7s,g.l906J&J
Tol.P.&W.—lsts,E.D.,7s,’94..J&D
1st mort., W. 1).. 7s, 1896...F&A
Burl. Div., 1st, 7s, 1901
*
do
2dM.,7s, 1886
J
Consol. 7s, 1910
M&N
Purch. Com. Rec’t 1st M., E. D...
do
1 st mort, W. D...
do
Burlington D
1st pref. inc. for 2d mort
do
ft
r
Boston & Lowell
100
Boston & Maine
Boston & New York Air Line, pref.
Boston & Providence
100
Boston Revere Beach & Lynn.. 100
Buff. N. Y. & Erie, leased
100
112
95
75
California Pacific
Cambridge (street), Boston
i03
.
-
-.
Camden & Atlantic
do
Pref
Canada Southern
Catawissa
do
Old, pref
.
*96
Mort., 7s, 1891
J&J
36
Verm’t & Can.—M., 8s
10
J&J
Mississquoi, 7s, 1891
Vemi’t&Mass.—1st M.,6s, ’83. J&J 1103%
Conv. 7s, 1885
J&J 1118
14
Vermont Cen.—1st M., 7s, ’86.M&N
1
2d mort., 7s, 1891
J&D
Virginia&Tenn.—M., 6s, 1884..J&J
4th mort., 8s. 1900
J&J
Wahasli—1st M.,ext.,7s,’90,ex.F&A
Mort., 7s, 1879-1909
A&O
2d mort., 7s, ext. 1893, ex.. M&N
25
25
70
50
102
116
100
100
100
100
100
Pref., 7
Chicago Burlington & Quincy.. 100
Chicago Clin. Dubuque & Minn. 100
& East Illinois
nok ! Chicago Iowa & Nebraska
100
119
Chicago Milwaukee & St. Paul. 100
J Chicago
......
Pref., 7.100
do
108
112
Pref., 7.100
do
St. L. &N. O
:ago St. Paul &
do
119*4
121
76
Pref., 6.50
do
7
1900.
Warren&Fr’kln—lstM.,7s,’96.F&A
..
Westch’r& Phil.- Cons.,7s,’91.A&O
West’n Ala.—1st M., 8s, ’88.. .A&O
2d mort., 8s, guar., ’90
A&O
West. Md.—End., 1st, 6s, 90...J&J
1st mort., 6s, 1890
J&J
!
V20
45
Prer., guar., 8.50
i
QpripQ
npw
W ipona&St. Pet.—IstM.
2d mort., 7s, 1907
,7s*,’87 .j &J
M&N
Ex., 1. g., mort., 7s, g., 1916.. J&D
Worc’r&Nashua—5s, ’93-’95..Var.
Nash. & Roch., guar., 5s, ’94.A &0
100
114
114
118
112
118
99
110
120
105
105
110
120
106
114
60*4
39*2 40
108
114
t85
185
RAILROAD STOCKS, Par.
Ala. Gt. South—Lim., A., 6s,pref..
f
do
do
i
*
—
—
—
rnmmmmi&mm
90
90
Morris & Essex, guar.,
23
51
116
146
66
80
140
80
103
100
105
12
.
87*8
38 7s
49
Haven & Hartford
1
69*2
f The purchaser also pays accrue I interest.
25 *
1061* 107*4
112*2 113
113*2 115
56
60
135
125
131*2 132
120
171
156
80
29*2
4578
71
53*4
156%
90
29%
§333a
34
99
99*2
33*2 34
57 *4 57^8
133*2 135
32%
327q
78
26
80
27
355s
35%
82
82
23*3
do
50
PrefT, 7
& Trenton, leased, 10... 100
Germ’n & Nor., l’sed, 12. .50
Wilmington & Balt
50
urgli Cincinnati & St. L...50
& Connellsville, leased...50
.
84
120
60
Special, 7.100
do
51
•
Guar. 7
do
do
.
1
X.
\
100
1 AA
*38*4
82
100
Pref., 7
do
Pref. 100
do
do
Belleville & So. Ill., pref
100
100
100
Fran
Pref
do
1st pref.. 100
do
100
[ &D►uluth
100
Pref
do
100
•d & Roanoke
Guar
100
do
41*4
75*4
n
50
(street)
..100
.100
103*2
39
5i
§20%
:
do
do
105
112
1st pref. 1001
2d pref.. 100
do
do
54*4
*
84
70
83
85
71
32
*3*5
1
16*2
16*2
leased, 6..-.100
1
do
Pref. 100
do
8
12
2078
1
64*4 1
110
50
104
30
105*2
119
140
52
54
106
65
30
125
31
141
55
74
32
9
8%
36*2
37
32
35
25*2
25*2
63
65
6238
62*2
44*2
44*8
56*2
76*2
57*2
78
37
95
95
122
20
107
110
3
8
38
70
125
24
103
20
120
5*2
157
91
21
.100
MOO
do
Pref.
h
8*2
92
22
118*2 119
43^8 44
687e 69*8
.100
8
94
In Amsterdam.
9
96
65
*5*7*
1
l In London.
5
12
§35
1
32*4 32*4 1
106*8 106*4 1
§52*4 523s I
47*2
19*2
J
*5*6
120
52
§102 102*2
§70*2 71
116*2 117*2
143
74
100
107
68
66
52 7s
50
50
r
§51*2
60
44
18
100
V12
64
119
§575q
3438
22%
13
50
110*3
111*4 111%
Pref
do
80*4
10*4
100
50
50
*91%
9114
110
46
§10
82*2
61*3
17*8
50
Kansas City Ft. Scott & Gulf.. .100
do
do
Pref. 100
Kansas City Lawrence & So ...100
Kansas City St. Jos. & Coun. B.100
Kansas City Topeka & West’n. 100
Kansas & Nebraska
Kansas Pacific
50
Keokuk & Des Moines
100
do
Pref. ...100
Lake Erie & Western
100
Lake Shore & Mich. So
100
.100
Pref.
Conn.),leased, 8...100
103
109
54
§60^
113
§52%
12*4*4 125*
47
9*4
27*9
70
100
International & Gt. Northern.. 100
Iowa Falls & Sioux City
100
Jeft’v. Mad. & Ind’p’s, l’sed. 7..100
Joliet & Chicago, guar., 7
100
100,
do
50
3*7*
13
180
Houston & Texas Central
& Western...
50
Indianap’s Cin. & Lafayette
Pref., 8. .100
do
Central
55*2
Huntingdon & Broad Top
100
.100
99% 100
90
90*4
75
1234
152
80
Pref... 50
50
usburgh & Lake Champ... 100
!
Harrisburg P. Mt. J.& L., guar.,7.50
do
do
Illinois Central
Indiana Bloomington
common..
Pref.
do
90
141
106
100
.100
66*2
103
Highland (street), Boston
...
Central
147
Frankfort & Kokomo
50
Georgia Railroad & Bank’g Co. 100
Pref., 7.. 100
44*2
131*2 132*2
51*2
§51
33
24
52
107
24
35
do
do
uo
112
40%
43*2
45%
70%
52*2
Pref..
81*4
19
34
5.. 100
100
40
145
.50
Pref.
do
Eri<
do
■]
38*8
80
38
144
141
123
Central & Hudson Riv... .100
York Elevated
44
82
117
59
142
50
115
106
10
49
Flint & Pere Marquette
Florence El Dorado & Walnut V.100
Grand River Valley, guar.,
Hannibal & St. Joseph
50
7
50*4
80*8
103*2
915s 91%'
105*2 106*2
*45*3
15
139
105
...100
————
Price nominal; no late transactions,
30*2
Ask.
42
22*2
§60
|
..50
56
20
64
9*2 Lehigh Valley
t 8*2
4% Little Rock & Fort Smith
Lim., B, com
Albany & Susqueh., Guar., 7...100, 103*2 107. Little Miami, leased, 8
Little Schuylkill, leased. 7
An^firbenv Valiev
50
-tm—m
81*4
72
x98
Pref. 100 xl05
Fitchburg
End., 2d mort., 6s, 1890
J&J
2d mort., pref., 6s, 1895
J&J
2d, end. Wash. Co., 6s, 1890 J&J
3d, end., 6s, 1900
. J&J
West’nPenn.—IstfM.;6s, ’93..A&O
Pitts. Br., 1st M., 6s, ’96
J&J
West. Union RR.—lstM.,7s,’96F&A 100
W. Jersey—Debent. 6s, 1883..M&S 101
1st mort., 6s, 1896
J&J 109
A&O 115
Consol. mort., 7s, 1890
Wicliita&S.W.—1st,7s,g.,guar.,1902 1104
Wil.& Weldon—S. F., 7s, g., ’96.J&J 110
57
Wis. Cent.—1st, 7s, coups, unfund.
60
1st series, new
97
95
|
—
1st
2d
122*2 125
10378 IO414!
112
112
110
108
110
98
106
110
§33*4
22*8
do
99
87
90
112
98
11
87
50
7s,1907,con.,exQ—F 101*6 101*2:
108
1st, St. L. div., 78, 1889, ex.F&A
Gt. West., Ill.,1st,7s, ’88,ex.F&A 107%
1033* Eel River
100
do
2d,7s, ’93,ex.M&N
Elmira & Williamsport, 5
50
Q’ncy & Tol., 1st, 7s,’90, ex.M&N 103 106
do
Pref., 7..50,
HI. & S. Ia.. 1st, 7s, ’82„ ex.F&A 105
jErie & Pittsburg, guar., 7
Wabash Fund, Int. Bds., 1907—
50'
F&A
F&A
§50
§47*2
......
37
20
104
120
16
3
30
30
Marietta & Cin
i*4*i%
69
68
17
102
103
Bid.
100
Lynn & Boston (street)
Macon & Augusta
Maine Central
100
Manchester & Lawrence....... 100
Manhattan Railway
100
120
......
Pref. 100
Cons, mort.,
Various 7s.
Various 4-5-6s
Warren (N.J.)—2d M., 7s,
56
Minn., com 100
104*4
Chic. 100
Louisville New Albany &
1403s 141
99% 100
55
100
'.
100
50
pref
pref
50
Memphis & Charleston
..25
Metropolitan (street), Boston...50
96
98
Metropolitan Elevated
96
96*2 Michigan Central
100
120*2 120% Middlesex (street), Boston
100
151
"
11338!
118
8
1415s 142
29
27
102
100
100
111*4! Chicago & Rock Island
108*2
M&N
116
106
140
5
50
Long Island
*3!
Ld.100 iii *4 iii
115
Chicago & Alton
64
.
100
128
*117
do
68,1901
1
106
Cam. & Ami)., Gs, 1883
1
105
do
6s, 1889
*
do
mort., 6s, ’89.MAN 111
■UnionPac.—1st M.,6s,g.’96-’99.J&J 111
Land Grant, 7s, 1887-9
A&O 113
Sink. F., 8s, 1893
...M&S 119
Om. Bridge, sterl. 8s, g., ’96.A&O +119
Reg. 6s, 1893..,
M&S 118
Coll, trust, 68, 1908
J&J 10334
74
Union & Titusv.—1st, 7s, 1890. J&J
97
Utah Cen.—IstM., 6s, g.,1890.J&J
92
Utah Southern—1st 7s, 1891
Utica & Bl’k R.—1st M., 7s, ’78.J&J
Vick.&Mer.—IstM.,end.,7s,’90.J&J
2d mort, end., 7s, 1890..
J&J
50
50
130*
do
78
140*2 Louisville & Nashville
85
57
X11 *2
20
23
122
122*2
....100
25
50 § 24
32
50 § 31
68
68
; 100
50 §15% 16
50
Central Ohio
do
Prof
50
Central Pacific
100
Charlotte Col. & Aug
100
Chesapeake & Ohio, common ..100
do
1st pref.. .100
do
2d pref.... 100
Cheshire, pref
100
70
4.108
*114
Equipment, 7s, 1883
do
New, pref
Cedar Falls & Minnesota
Cedar Rapids & Mo. and Ia.
do
Pref., 7
Central of Georgia
Central of Iowa
Central of New Jersey
Railroad Stocks.
Ask.
155*2 158
Burlington C. Rapids & North. .100
96*2 Burlington & Mo., in Neb
100
1153a 116
100
106
97
75
74
cous’d..;
Income extension 8s
MAN
Stanstead S. & C., 7s, 1887..J&J
100
Pref., 6... 100
500
do
*95* ioo* *
Susp.B.&ErieJunc.—1st M.,7 s
Syr.Bing.&N.Y.—consoles,’06i
Pref 100
do
do
Bost. Con. & Montreal.-.
10334 104
St. P. & S. (
Summit Br.
100
Boston & Albany
100
Bost. Clinr. Fitclib. & New Bed.IOC
-
111
111
85
26
100
Parkersburg Branch
102
90
J116
100
100
Baltimore & Ohio
106*8 106*2
Omaha Div., 1st 7s, 1919...
77*2
140
Augusta & Savannah, leased... 100
91
115*4
1033s 104
92*8 1 92*4
St. Louis & I. Mt.—1st, 7s. ’92,
2d mort., 7s, g., 1S97
]
1st 7s, pf. int. accumulative.
-
Railroad Bonds.
101*2 102
90
115
Bid.
Ask.
§ Quotation per share.
5*8*
216
THE
GENERAL
For
Canal Stocks.
Bid.
Ask.
tc
United States
100
Wells Fargo
100
GAS STOCKS.
Baltimore Gas....100
66
!
1
certs...
10734 Consumers’ Gas, Balt.
634
Boston Gaslight...500
East Boston
25
South Boston
100
113
113
117% Brookline, Mass... 100
112% 117
Cambridge, Mass.. 100
100
Chelsea, Mass
60
Dorchester, Mass.. 100
Jamaica Pl’n.MasslOO
8
Lawrence, Mass... 100
107*4 107% Lowell
100
109% 111
Lynn, Mass., G. L..100
Maid.& Melrose.. .100
102% 103
Nassau, Brooklyn ..25
107% People’s, Brooklyn. 10
Williamsb’g, B’klyn 50
Cliarlest’n,S.C.,Gas.25
Chicago G.& Coke. 100
Cincinnati G. & Coke
6s, coup., 1910..J&J
Schuylkill Nav.—
1st M.,6s, 1897.Q-M
2d M., 6s, 1907. J&J
Mort. 6s, cp.,’95J&J
6s, imp.,cp., ’80 M&N
.
80
82
102
81
80
103
82
81
6s,bt&ear,1913M&N
7s,bt&car,1915M&N
Susquehanna—
6s, coup., 1918. .J&J
70
78
71
80
54
7s, coup., 1902..J&J
Union,1st 6s,’83.M&N
CANAL. STOCKS.
Lehigh Navigation..50 *§37
Morns,
100 §60
4
do pf., guar.10.,100 K
Pennsylvania
50 *§
Schuylkill Nav
50
do
do pref.50 §16
Susquehanna
50
guar.,
SS.Co.(Phil.)—
!
St. Louis G. L
37*4
Laclede, St. Louis. 100 100
Am.B.fl.S.M.(Pa*.)12%
§29%
100; 123
Amoskeag (N.H.) 1000 1835
Androscog’n (Me.).100 12912
Appleton (Mass.). 1000 1080
105% 106
Atlantic (Mass.)... 100
Bartlett (Mass.)... 100
Bates (Me),
..100
Boott Cot. (Mass.) 1000
Boston Co.(Mass.)
Boston Belting
100
Bost. Duck (Mass.)700
Cambria Iron(Pa.).. 50
108
•
112
109
115
110
108
82
78, g., 1898
*
9*4%
-
95
Bridge, 7s
.
j
105
108
!
Western Union Tel.—
7s, coup., 1900. M&N
7s reg., 1900.. M&N j
Sterl’g 6s, 1900.M&S ;i05
j
MISCELLANEOUS
102
117
115
107
STOCKS.
Amer. Dist. Tel
25
Amer. Dist, Tel.(Balt.)
Atlan. &Pac. Tel. .100
Boston Land
10
Boston Water Power..
j
Brookline (Mass.)L’d5!
Canton Co. (Balt,). 100!
Cent. N.J. L’d Imp.lOOi
Cin. & Cov.
B’dge pref.i
Equitable Tr. (N.Y) lOOi
Gold & Stock Tel....25
Louisville Biidge
j
McKay Sew’g Mach.lOj
Maverick Land.... 10!
Merc’ntile Tr. (N Y) 1001
N.E.
Oregon Ry.&N.Co.lOO
Pacific Mail SS. Co.100
Pullm’n Palace CarlOO
Bt. Louis Transfer Co.
Sutro Tunnel
10
Union Trust.
300
U. 8. Trust Co
100
U. 8. Mort.Co.(NY<100
West. Union Tei...l00
*
Price nominal;
no
(Me)
1001 106
i Holyoke W. Power.100 200
1700
870
233
775
103
Mass. Cotton
1000 1225
Merrim ack (Mass) 1000 1650
Middlesex (Mass.). 100 210
Nashua (N. H.)
500 770
30
50*4 Pacific (Mass.)... 1000 2395
1034
N. E. Glass
(Mass.)375
10% Penn. Salt Mfg. Co..50
80
1714! 173g Pepperell (Me.)
500 850
6*8
6*4 Salmon Falls(N.H.)300 365
58% 60
Saudw.Glass(Mass.)80
30
40
Stark Mills (N.H.)IOOO 1360
125
130
Tremont&S. (Mass) 100 137
Thorndike(Mass.)1000 1000
Union Mfg. (Md.)
18
•
....
ili
45
53s
112*2
Washingt’n(Mass.)100
96
45*2 Weed Sew. M’e (Ct.)25
18
5*2! Willim’tic Linen(Ct)25
81
York Co. (Me.)
750 1260
late transactions,
22*4
15*8
1
10c.
4*4
^24*4
1%
1
50c.
1
4*4
6
5%
14
.
1%
116
120
16
18
1%
1%
60c.
1*8
4%
108
Farmers’&Planters’25
First Nat.of Balt.. 100
Franklin
12%
German American
Howard
Mechanics’!
9
National
80c.
Winthrop
25
1*6
1*4
100
Calumet & Hecla
| Cashier
Choll ar-Potosi
100
1710' ! Cleveland Gold
10
S75
Consol. North Slope...
237
800
Consol. Pacific
Cdnsol. Virginia... 100
Confidence Silver. 100
Crown Point
100
103*4
1176
! 1235
| Dahl onega
•
80
2400
875
370
34
1370
140
iGoodshaw
Gould &
'Grant
Curry 8.. 100
100
Grand Prize
I Granville Gold Co...
Great Eastern
Green Mountain
Hale & Norcros8. .100
1025
Henry Tunnel Co
iHukill
96*2 Hussey
20
I Imperial.. ...•
3% Third National.... 100
14% Union
100
Atlas
100
Blackstone
400
Blue Hill.......... 100
Boston Nat
100
Boylston
100
.100
Kossuth
Lacrosse
§52
1
11*4
3*2
35*’
*45
Lady Washington...
:La Plata
i Leadville
700
3*50
Leeds
Leopard
.100
Leviathan
Lucerne
t The purchaser also pays accrued int.
10
4-
T
T
30%
42%
37*4
45
38
125
6%) 7
100 1 108
8%' 10
30
26
115
10%
115
100
100
100
.100
..100
..
140
101
73
32
10%
120
108
20
160
105
75
35
143% 144
124*4
109% 110
124
100
111
101
112
114
113
103% 104 ?
95
90
163% 165
105
104
12034 121
146
150
121% 122
110
110%
107
100 114%
Eagle
.
50
...
City
-
29
...
•75
Kings Mountain
100
100
15%
110
108
115
•55
Eliot
115
100 114
100 142% 143
Exchange
Everett
100 111
111%
2*90
Faneuil Hall
100 127% 128
3*45
First National
189
100 187
100
First Ward
90
.100
99
Fourth National.. 100
100
Freemans’
100 116
116%
Globe
100 105% 106
123
Hamilton
lOOi 122
400
117
Hide & Leather
100! 116
3-60
116
Howard.
100 115
Manufacturers’.. 100 100% 101
105
Market
100 104
*20
155
Market (Brighton). 100 145
13*75
116%
j Massachusetts ..; .250 116
200
! Maverick
100 199
•66
120
Mechanics’ (So. B.)100 115
•47
j Merchandise
100 102*4 102%
•25
•Merchants’
100 142% 143
109
j Metropolitan
100 108
174
177
I Monument
:. 100
100
98
;Mt. Vernon..
100
•37
148
New England
100 147
•46
: North
100 130% 131
310 i North America
100 113
113%
64
64%
50
] Old Boston
85
1265
Independence
Bunker Hill
Central
Columbian
Commerce
Commonwealth
Continental
•55
1*05
1-50
5
100
Brighton, (Nat.)... 100
Broadway
100
2-30
4*00
i Julia
75
20
Western
Boston.
Atlantic
•48
1-85
13
Exch’ge. 100 105
16
25
Second National ..100
21
25
I
30
10
100
1*4 People’s—,,
8*75
100
1
2
Kentuck
25"
Citizens’.
10
Com. & Farmers’.. 100
Farmers’ B’k of Md.30
Farmers’ & Merck..40
41% Merchants’
14
60c.
100
25
14% Marino
10
25
'Justice...
10%
Chesapeake
7
6
Superior
Bullion
<1*4
STOCKS.
Baltimore.
6
43s Bank of Baltimore 100
24% Bank of Commerce.25
20
Buckeye
;
•45
100
BANK
Belle Isle
^Bertha & Edith
j Best & Belcher.... 100
60
--
Utah
20c.
1%
106*4 | Bulwer
; Caledonia B. H
1225 i California
•75
•28
Tuscarora
:
119
1180
265
4-40
Trio
15*4 Union Consol
1*4 Y ello w J acket
8%
3*4
2*90
22% Tioga
Tip Top
27
8
7%
243*4 244
47
46
26 34
25
25
25
..
2-50
Standard
41%
Bobtail
Bodie
115
27
Silver Hill
100
Southern Star G&S100
South Hite
par
100*2
104
COAL Sc MISCEL.
TUNING STOCKS.
American Coal
25
Big Mountain Coal. 10
43% 4334 Buck Mount’n Coal.50
119
Butler Coal
25
40
Cameron Coal
10
Caribou Con. Min’g.10
Cent.Arizona Min.100
Climax Mining
10
| Clinton Coal &'Iron. 10 *
115
iConsol.Coal
of
115*8
Md.100!
Seaton consol
Segregated Belch’rlOO
§65
66
:Belcher Silver ....100
Belvidcre
•*43*
Shamrock...
Sierra Nevada Silv.100
Silver City
100
65%
Alpha Consol G&S. 100
American Consol
i American Flag
id
2*50
Rappahanock
Raymond & Ely.. .100
St. Joseph Lead
10
Savage Gold& Silv.100
5
10
15
47
;1670 iEureka Consol.... 100
1*242
j Exchequer G. & S.100
1775
Findley
Naumkeag (Mass.)lOO 113%'11't
jGold Placer
18
21
68
(At N. V. Board.)
Jackson (N. H.)..10Q0 1205
Kearsarge
57% 60
100
550
Laconia (Me)
400 545
820
Lancaster M.(N.H)400 800
Lawrence (Mass.) 1000
Lowell (Mass)
690
Lowell Bleachery.200
Lowell Mach.Shop.500
Lyman M. (Mass.). 100
20%
46
I
2
Orig.Comst’k G& S100
39% Original Keystone
Overman G. & S.. .100
Plumas
102
Phil. Sheridan
25
25
834 ; Bechtel
139
50
Mtg.Secur JBost.) 10334
O. Dominion 8S.Co.100i
j
Hill
161
935
100
162
755
140
Great Falls (N. H.)100 116
Hamilton (Mass.) 1000:1*75
Hartf. Carpet (Ct.)lOO; 255
200
100
•37
100
100
Ophir Silver
CAL.& NEVADA
TUNING STOCKS
101
675
(Mass.)lOOi
Everett (Mass.)... 100;
142
31
1* SO
•30
.-
Northern Belle
25
Silver Islet
Stifti*
Sullivan (Me.) Silver
130
10S0
.....
N. Y. & Colorado
North Standard
25
25
Ridge
1840 Rockland
•22
Navajo
25
25
25
15
25
50
25
Quincy
30
124
80
103
685
7934
i Franklin (Me.).... lOOi 100
104
110
113
104% 105
M&S
Spring Valley-
j Essex Wool
95
Rutland MarbleBt.Charles
§95
161
750
8
Continental (Me.). 100
......
Deb’nt’re,7s,’88A&0
Stlg, 7s,g..1885 A&O
160
930
Chicopee (Mass.) ..100
Coclieco (N.H.)....500
Collins Co. (Conn.).. 10
1st, 7s, g.. 1900.A&O U06
2d M.,7 s,g.,1901 J&J
:7 8
3d, 7s, g., 1886.M&S
Tun’l RR.,lst,£,9s,g.
:85
Mariposa Gold L.&M.—
Cons. M., 7s, ’86.J&J
Oreg.R.& N. 1st,6s, J&J
103
106
112
141%
30%
144
2005
1000j 1200
Cumberrd&Pa.,lst,’91
111. & St. L. Bridge—
72
81
Amory (N. H.)
1st, conv.,6s,’97.J&J
Pullm’n Palace Car—
2d series,8s,’81M&N
3d series, 8s,’87F&A
4th do
8s,’92F&A
84
81
Oarondelet
50
Sau Francisco G. L
MAN UFACT’ING
STOCK S.
7%
25
Manhattan
Mesnard
Minnesota
National
Osceola
Petherick
Pewabic
Phenix
Pontiac
205
50
Hungarian
•90
.
McClinton
3i2
4
22
International Silver20
77*2
77
61
! 102
Balt, Gas Light 6s
Canton (Balt.)—
£ 6s. g., 1904. ..J&J 108
Mort, 6s,g.,1904 J&J 108
Un. RR.,lst, end.,6s. 110
do 2d,end. 6s,g.M&N 102
Consol. Coal—
1st M., 7s, 1885.J&J
'
55
100
79
42
BONDS.
6s, R. C., 1896..A&O
165
100
20
25
25
Martin White
.
5
Duncan Silver
Franklin
Humboldt
Ask
Mont Bross
‘
25
20
Douglas (Me.)
100
Bid.
May Belle.
Memphis
50
Dana
Dawson Silver
65
50
165
120
175
62
103
5D
§*34%
Washington, Pliila..20 §*-.-Portland, Me., G.L.50
70
16*8
10
.25
25
| Copper Falls
Mutual of N. Y
100
New York, N.Y... .100
N. Orleans G. L. ..100
N. Liberties, Phila..25
JttlSC’LLANEOfJS
Amer’n
Louisville G. L
Mobile Gas & Coke. 8
Central of N. Y.:...50
Municipal
Chesapeake & Del..50 *§
40
31
150
Metropolitan, N.Y. 100 114
55
78%
.
25
Bank Stocks.
Merrimac Silver....10
Mexican G. & Silv.100
Moose
50
Atlantic
32i2
Blue Hill 'Me.)
155
I Calumet & Hecla..
Central
Harlem, N. Y
50j 40
Manhattan, N. Y... 50l 161
*4* Viol'
Del. & Hudson
100
Del. Div. leased,8..50
STOCKS.
Allouez
Hartford, Ct., G. L..25
Jersey C.& Hobok’n 20
People’s, Jersey C
1
103%
IOII2
.
99
New Central Coal
New Creek Coal.... 10
N.Y. & Middle Coal.25
Ontario Sil. Min’g.100
Penn. Anthracite Coal.
70
79
Pennsylvania Coal.50
120
Pilot Knob I. (St.L)lOO
129
128
Quicksilver Min’g.100
150
155
do
pref
72*2 73 JSt. Nicholas Coal.. .10
95
96
San Juan Sil. Min.100
115
117
8. Raph’l Sil.,Mob. 100
100
10014
do
pref.100
120
117
Shamokin Coal
25
55
60
Spring Mount. Coal.50
50
60
Stand’d Cons.G.M.100
50
55
Westmoreland Coal.50
2612 30
Wilkesb. Coal &!.. 100
77
72%!
BOSTON TUNING
25
......
Pennsylvania—
28
Ask.
70
678 Marip’sa L.&M.CallOO
do
1912
pref-100
785
Maryland Coal....100
65
78
118
1106
MorrisBoat l’n,reg.,’85 A&O
New mort
Bid.
Miscellaneous.
12514 12534
Conv.6s,reg.,’82J&D
Newton & Wat’n ..100
do Gs,g.,rg.,’94M&S 1*0*5
105% Salem, Mass.,
100
6s,g.,cp.&rg..’97J&D 103% 104
Brooklyn, L. 1
25
Cons.M.,1911 7sJ&D 102
102% Citizens’, Brooklyn.20
Louisville & Portl.—
Metropolitan, B’klyn.
3d mort., 6s
Ask.
19
775
27
103
101
People’sG.L.ot'Balt.25
i’0‘4%
il6
BONDS—Continued.
Cumberl’d Coal&I.lOO
103
108 1 Excels’r W.&M.Co.lOO
56^2 5712 I George’s Cr’k C’l (Md.)
48% 49
Homestake Min’g.100
103%!105
Leadville Mining... 10
La Platta M’g&S.Co.lO
140
125
Little Pittsb’g Con. 100
102
108
Locust Mt. Coal
50
00 0
-
do
lstmort., 6s...M&N
N.YLife&TrustColO!
...
106
106
104
1st Pa.D.cp.,7s,M&S
do
reg. 7s,M&S
James Riv. & Kan.—
Deb.6s, reg.,’77,J&D
-
-
64
Coup. 7s. 1894. A&O
Keg. 7s, 1894 ..A&O
Lehigh Navigation—
Bid.
EXPRESS ST’CKS
Adams
100
Delaware Division—
6s, 1878
J&J
Delaware & Hudson—
7s, 1891
J&J
1st ext,, 1891..M&N
7s, 1884
J&J
2dmort., 6s.. .M&N
QUOTATIONS OF STOCKS AND
Miscellaneous.
Ckesap. & Delaware—
mort.,6s, ’86 J&J
Chesapeake & Ohio—
6s, 1870
.Q.-J
[Vot* XXX.
Explanations See Notes at Head of First Page of Quotations.
CANAL. BONDS.
1st
CHRONICLE
14
•18
!Pacific (now)
People’s
i Redemption
Republic
1
100
100
<.100
103
Revere
Rockland
Second Nat
100
100
100
Security
100
Shawm ut
100
Shoe & Leather... .100
State
100
Suffolk
100
Third Nat
100
i Traders’
iTremont
jUnion....
J Washington
(Webster
100
100
100
.100
...100
110*4 110%
150
150*4
1 35
137
127% 128
116
128
145
178
117
148
180
119% 120
113% 114
120% 121
118% 119
106
106
119% 120
147%
147
136
135
108
108%
104
104
February
28, 1880.]
Louisiana Nat..
Brooklyn.
Atlantic (State)....
Brooklyn
First National
Fulton
*.
City National
Commercial
Long Island
Manufacturers’.
Ask.
Bid.
Bank Stocks.
120
120
203
90
220
130
130
95
9G
170
155
130
110
100
185
160
150
...
Mechanics’
Nassau
Brooklyn Trust....
Charleston.
B’k of Chas.(NBA) 100
First Nat. Chas.. .100
50
100
100
State Nat
Union Nat
New
Chase
City
Chicago.
Citizens’
100
Un.Stock Y’ds Nat.100
140
100
110
135
110
..
125
122
400
122
170
122
130
100
Hartford.
iEtna Nat
100
American Nat
50
Charter Oak Nat.. 100
1125
122
100
Connecticut River..50
Far. & Mech. Nat. 100
First Nat
100
Hartford Nat
100
Mercantile Nat.... 100
National Exchange.50
Phoenix Nat.,
100
State
100
65
127
90
35
119
113
154
128
71
154
110
Nassau
New York
N. Y. Nat.
New York
126
63
130
93
37
115
156
130
156
114
Pacific
Park
Southern B’k of Ala25
Montreal.
British N. America....
Commerce
•
50
100
50
50
50
100
Federal
100
Hamilton
100
Imperial
100
Jacques Cartier:.. 100
103
Second National..100
Seventh Ward
100
Shoe & Leather.... 100
St. Nicholas
100
State of N. Y
100
Tradesmen’s
40
Union
50
99*2
95*2
58*4
Montreal
Nationale.
Ontario
40
71*2
Quebec
100 *75"
Toronto
Union.
100 124
65
100
Ville Marie...
100
Standard
New Orleans.
Canal & Banking. .100
Citizens’
100
100
100
Germania Nat
Hibernia Nat
*
100
Farmers’&Mech .N. 100
Girard National... .40
Kensington Nat
50
Manufacturers’ Nat.25
Mechanics’ Nat....100
Nat. B’k Commerce.50
Nat.B’k Germant’n.50
Nat.B’kN. Liberties 50
Nat. B’k Republic. .100
National Security. 100
50
Penn National
Spring Garden
63
50
102
90%
59*2*
72
106
101
55
Price nominal; no
59
56
90
87*2
Valley
(National..
Union
70
102
75
50
100
20
20
25
90
190
90
Hartford, Conn.
iEtna Fire
100
Atlas Insurance... 100
Connecticut
100
Hartford
National
Orient
Pluenix
100
100
100
100
Steam Boiler
40
120
London
52
145
135
135
106
133
80
*87
53
146
136
136
107
134
21
121
S3 *
100
92
115
100
95
25
of Va.100
♦
Last
Lamar
Lenox
Nassau
Mobile.
Citizens’ Mutual... 100
Factors’* Trad’s’ Mut.
Mobile Fire Dep’t..25
Mobile Mutual
Planters’ &
70
Morch.Mut
Stonewall
Wash’ton Fire AM.. 50
Orleans.
Crescent Mutual
Factors’ and Traders’.
Firemen’s
Hope
price this
125
50
Niagara
25
25
100
20
North River
Pacific
Park
Peter Cooper
50
100
100
100
Republic
Ridgewood
Rutgers’..
101
80
100
52
Safeguard
jSt. Nicholas
125
108
95
130
81
140
106
165
165
85
130
25
25
10
Tradesmen’s
235
35
135
250
165
125
245
65
|Williamsburg City. .50
20*2
69
152
8*8
3*2
109
65
165
140
108
114
115
125
90
100
25
Stuyvesant....
130
165*
60
95
160
105
100
Sterling
86
25
122
103
70
112
100
123
100
200
72*a
17*6“
*83*"
ids*
82*3
105
130
110
210
Philadelphia.§
iAmerican Fire
....100
Association... .50
Fire
100
Delaware Mutual...25
Ins. Co. of N. Ain’ca 10
Ins. Co. State of Pa 200
Pennsylvania Fire 100
Lumbermen’s
50
Spring Garden
50
! Franklin Fire
United Firemen’s
..
10
Richmond.
100
City
100
Merckauts’*Mech.lOO
Piedm’t & A. Life. 100
Virginia F. * M
25
Granite
Virginia Home.... 100
Virginia State
25
301
529
40
33*4
50
33*2
27
36
126
122
28 *s
85
72
95
75
99
34*”
25*s
31
26*3
35
65
......
...
16
55
45
80
45
St. Lonig.
American
Central.. 25
100
100
Citizens’
Jefferson...
Marine
Pacific
San
100
51
65
94
27 78
.......
70
96
Francisco.
Firemen’s
Home
100
100
Fund... 100
Mutual
8tate Investment.TOO
100
28*4 Union
Western
60
§ Quotation per
30
102
102
105
110
75
115
75
108
116
100
112
80
117
80
110
118
100
California
XSS*2 91
106% 107*2) Commercial
month preceding 26th.
105
70
110
120
50
Standard
Staif.
......
3*4
24*2
,55
91
131
65
155
115
130
102
200
109
180
People’s
50
Plienix (B’klyn) ....50
42
49
Germania....
Hibernia
Home.
127
55
99
103
65
130
170
60
120
104
New York City
N. Y. Equitable
35
New York Fire—100
64
17
43
50
60
75
15
50
40
75
40
75
130
(B’klyn)... .50 ioo*
37*2
Relief
16*2
100
National
115
7^8
ioo*
Long Isl’d (B’klyn).50
76
Lorillard
’25
135
Manuf. & Builders’100
Manhattan
100 102
150
Mech. & Traders’.. .25
160
Mechanics’ (B’klyn)50
Mercantile
50 75
50 120
Merchants’
112
Montauk (B’klyn).. 50
......
231
30
129
247
162
120
240
58
62
&Globe20
North’n Fire & Life ..5
North Brit. & Mer. 6*4
Queen Fire & Life.. .1
Royal Insurance... . 3
.50
100
25
United States
Westchester
Ass.Corp.l2*2
New
Richmond' Va.
100
Merchants’ Nat... 100
Knickerbocker... ..40
125
85
105
115
50
75
125
25
Liv. & Lond.
.20
Kings Co. (B’klyn)
140
149
Lancashire F. & L..25
100
76
53
84
72*2
30
Jefferson...
75
122
80
140
110
90
110
100‘
125
100
75
50
Importers’ & Trad. .50
Irving
...100
Lafayette (B’klyn)
55
125
180
120
138
132
112
250
65
125
157
25
Howard
141
London.
19*2
Commerc’l Union..£5
Guardian
50 x67
Imperial Fire
50
50
100
Hanover
72*2
60
100
Casco Nat:
100
First Nat
100
Merchants’ Nat
75
National Traders’. 100
late transactions.
j Miami
Western
125
Canal Nat
State Bank
20
•Globe...
Merchants’* Manuf 20
26*2
55*2 Nat. Bk of VirginialOO
100
95*2 Planters’ Nat.
98
66
20
Washington
122
71
60
Cumberland Nat.. .40
First Nat.
105
55
91
94
20
Portland* Me.
City Bank
20
| Germania
54
50
Third Nat
100
Union Nat
50
Western Nat
50
West Philadelphia. 100
22,1 War!
20
20
People’s
100
Philadelphia Nat.. 100 185
100
100
100
50
Enterprise....
Eureka
260*4 Fidelity
I Firemen’s
Eighth Nat
First Nat
123
90
119
120
79
78
131
95
140
100
Eagle
53*2
Nat.50
Second Nat
72
Cincinnati
Citizens’
Commercial
64
Commonwealth Nat 50
Consolidation Nat.. 30
103*2 Seventh Nat
100
9134 92
100
80
50 77
139
200 138
50
260
200
City National
50
Commerci al Nat.... 50
*20
115
140
60
162
79
123
111
80
140
stock) 20
25
20
25
Amazon (new
1120
1108
1140
B’k of N. America .100
Central National.. 100
25
120
120
79
Cincinnati.
128
108
,
Corn Exchange
115
100
Washington
Philadelphia.^
117
98
30
100
100
100
100
100
Franklin
Manufacturers’. ..100
..100
Mass. Mutual
Mechanics’ MutuallOO
Mercantile F. & M.100
Neptune F. * M...100
Eliot
Fancuil Hall
Firemen’s
Greenwich
Guardian
Hamilton
60
13
198
95
17
10 107
Hope...
North American ..100
Prescott
• .100
Revere
100
117
..100
112*2 Shawmut
101
Shoe & Leather. ..100
100
Snffolk Mutual.... 100
126*2
100
Republic
30
50
50
50
25
100
15
Globe
203
95
102
117
German-American 100
Germania
io*2*
175
40
100
Firemen’s
Firemen’s Trust
Frank. & Emp’ium
141
120
121
80
117
141
65
167
80
127
112
85
142
127
100
120
122
80
80
133
100
140
150
121
20
Plienix
Commercial
Continental
Eagle
65
200
100
30
50
100
Clinton
Columbia
Hoffmau
Home
N.Engl’dMut.F*M100
95
25
117*4 117*2 Sixth Nat
Southwark Nat.
59%
100
97*2
100
People’s
Banking Co.40 160
101
Masonic 1
7.100
108
Merchants’ Nat. ..100 107
99
97
Northern of Ky ...100
12
People’s... i
100
...100 102*2 103*2
Second Nat
Security.
100 128 102
Third National... .100 101
101
Western
100 100
99
West.Finan.Corp. .100
20
115
85
18
Dwelling House... 10:
130
22
190
118
125
50
120
175
70
City
5
4
100
99
30
65
.20
Citizens’..
7*4
50
11*2
Boston.
Alliance
100
American F. * M. .100
Boston
100
Boylston
103
50
Brooklyn
7
26
35
n
Commonwealth. ..100
85
25
Oriental
74
150
100
52*2
185
190
..25
25
17
Bowery
Broadway
98
33*2
Merchants’ Mutual.5C
National Fire
10
100 ;iio
....
105
128
98
39
30
25
120
6
25
10
Maryland Fire
52
21
45
57
125
98
25
..100
50
American Exch...100
Atlantic
50
iEtna
American
Exchange....
Farragnt
Baltimore.
Associate Firemen’s.5
Baltimore Fire Tns.10
Firemen’s Insur’ce. 18
Howard Fire..
5
90
144*2
Exch’gelOO
County. 100
Ninth National....100
North America
70
North River
50
Louisv.
Mobile.
Bank of Mobile
25
First Nat
.100
Nat. Commercial.. 100
£ 34
100
York.
New
Adriatic
89
STOCKS.
125
85
...100
Teutonia
INSUR’CE
FIRE
92%
102*2 104*4
100*2 102
Empire City
70
180
-
Merchants’ Excli’geoO
Louisville.
130
Bank of Kentucky 100 127
70
Bank of Louisville 100
109
Citizens’ National. 100
107
City Nat..
100
8
Commercial of KylOO
90
89
Falls City Tobacco 100
88
87
Farmers’ of Ky ...100
88%
Farmers’ & Drov..l00
113
..100 112
First Nat
101
100
German Ius. Co.’s. 100
97
95
German
100
111
110
German National. 100
Kentucky Nat
100 113 J114
Molsons
Wells, Fargo * Co..
227*2 235
Mechanics’ B. Ass’n50
Mechanics’* Tr.. .25
Mercantile
100
Merchants’
50
...
92*4
96*2
29*4
90
155
Manhattan
50
Manuf. & Merch’ts.20
Marine
....100 £110
124
Market
100 140
Mechanics’
25
Metropolitan
Maritime
Merchants’
Pacific
Importers’ & Tr...l00
trving
50
Leather Manufts..l00 U35 *’
115
200
Cleveland.
390
Citizens’ 8. & L... .500
Commercial Nat
100 120
100 150
First Nat
Merchants’ Nat... 100 120
National City.... .100
Ohio Nat
100
Second Nat
100
100
Hanover
190
Exchange
Grangers’ B’k of C.100
Merchants’ Exch. .100
Nat, Gold Bank* Tr. Co
..50 £140t
85
German American. .75 j
Germania
100
Greenwich
25
Grocers’
: 40 120*2
185
Second National
Third National
Du Peuple
Eastern Townships
100 £207
25 ;ioo
Gallatin National
Cincinnati.
First National
Fourth National
German Banking Co..
Merchants’ National..
Nat. Laf, & Bk. of Cbm.
Consolidated
Bank of California..
First Nat. Gold
100
•
People’s
Sun Mutual
95
100
127
97
25
25
20
115
97
Anglo-California
25 H06
150
210
87*2
80
San Francisco.
Fourth National... 100
Fulton.. ../.
30
Fifth Avenue
100 :300
Union National
80
Valley National... 100
105
115
125
...
205
90
67
7
86
80
Merchants’, Old....
100 no
100
Continental
tl-15
Corn Exchange ...100
East River
25
Eleventh Ward
25
First National
100 £600
116
Merchants’ Nat.. .100
Nat. B’k of Illinois.100
Northwestern Nat. 100
Dominion..
146
120
Merchants’ Nat A .100
St. Louis National.100
Third National....100
Commerce
...
City Nat
101*2
89
100 £1700
Chemical
Lafayette
100
..100
Fourth National ..100
International
100
Mechanics’
100
Ask.
Bid.
Stocks.
Merchants’ Mutual
Mechanics’ & Traders’
New Orleans Ins. Ass’n
New Orleans Ins. Co ..
315
160
Commercial
Continental
102
110
49
£143*2
National.... 100
Chatham
Commercial Nat.. .100
Corn Exch. Nat.. .100
Fifth National
.100
First National
100
Hide and Leather
Home National ...100
St. Lonig.
B’k of Commerce..100
87
Broadway
25
Butchers’* Drovers25
Central National.. 100
50
100
75
40
45
York.
America
100
American Exch’gelOO
Bank.& Br’kers A. 100
99
90
99
103
47
100
Mutual Nat
100
New Orleans Nat.. 100
People’s
Bank Stocks.
Insurance
Ask.
Bid.
Ask.
97*2
100
..
Metropolitan
100
240
People’s National. 100
S. C. Loan&Tr. Co. 100
Bid.
Bank Stocks.
Quotations,
First Page of
Notes at Head of
Explanations See
For
AND BONDS—Concluded.
QUOTATIONS OF STOCKS
GENERAL
217
CHRONICLE.
THE
shark
101
218
THE CHRONICLE.
uucstwcuts
[VOL. XXX.
ANNUAL
REPORTS.
AND
Illinois Central Railroad.
STATE, CITY AND CORPORATION FINANCES.
THE
We
issue
INVESTORS
to-day
(Far the
SUPPLEMENT.
ending December 31, 1879.)
year
The report says : “ The directors refer
the shareholders to
the general balance sheet of 31st
ultimo, with annexed abstracts.
Comparing the net traffic with that of 1878, the increase is
eiglit
pages extra, but our usual
Investors’ Supplement has been deferred. The
Supplement, as
$181,691. The net amount yielded in 1879 by the traffic was
thorough revision and $3,196,920, and the net receipts from land, above
all expenses,
reconstruction, and will be more than doubled in size, and amounted to $102,572.
In addition, the company received
$102,321 interest on its investment in bonds secured
Issued as a pamphlet of 68 pages.
the first
February has been too mortgage of the Chicago St. Louis & New Orleansby Railroad
short a month to prepare so
Company. Thus the aggregate net income was $3,401,815.
long a Supplement. The first From
this fund the
company has paid the interest on its bonds,
number will be issued on or about March
heretofore
announced, is in
process of
15, and mailed to
subscribers of the Chronicle in
The
a
separate wrapper.
INDEX JAN. 31 TO FEB. 21
INCLUSIVE.
following is
index to all reports and items
an
published
In the investment department of the Chronicle
since the issue
of Feb. 24, 1880, and therefore not
indexed in the last issue
of the Investor’s Supplement,
published Jan. 31; reports are
indexed in heavy type :
Alabama & Cliatt. HR. Lands..
Anthracite Coal Trade
Atchison & Nebraska
11(3,
Atchison
Topeka & Santa
Fe
J143,
Atlantic & Great Western
Atlantic & Pacific
Bangor & Piscataquis
117
Lake Shore
191
Lehigh Coal & Navigation Co. .190
143
1C,8
143
191
191
Chautauqua
Pittsburg
Lake &
1P3
Burlington & Missouri
Burlington & Missouri in
191
Ne¬
braska
r
116
Canada Southern
116, 141
Canton Company
117
Central of Georgia
143
Central Iowa
168, 191
Central New Jersey Land Im¬
provement Co
117
Chesapeake & Ohio
141
Chicago Burlington & Quincy. 116
Chicago Clinton Dubuque &
Minnesota
191
Chicago & Iowa..
168
Chicago Mil. & St. Paul... 116, 143t
Chicago & Pacific'.
Chicago
Paducah
168, 191
168, 191
Chicago Pekin & Southwestern
143
143
Chicago St. Paul & Minneapolis 193
Cincinnati Hamilton & Dayton 116
Cincinnati
Indianapolis
St.
Louis & Chicago
168
Cincinnati Sandusky & Cleve¬
land
144, 168,
Colorado Central..,
Columbia City (S. C.)
Columbus Chicago & Indiana
Central
Connecticut Central
Connecticut Valley
116,
Connecticut Western
192
168
192
162
116
Louisville Cincinnati &
Lexing¬
ton
Macon & Brunswick
nati
Metropolitan Elevated
144, 169
Milwaukee Lake Shore & West¬
ern
Mississippi
Bonds
Missouri Kansas <fc Texas.
.117,
Missouri Pacific....
Mobile & Montgomery
Montpelier & Well’s River
Municipal Gas
192
170
192
169
169
169
N
New London Northern
New Jersey Midland
118,
New Orleans & Mobile
New York Central
New York Elevated
N. Y. Central & Hudson
River.
169
169
170
170
144
170
N. Y. Housatonic &
Northern. 118
N. Y. Ontario <fc Western
170
Northern Pacific
144
Northwestern Grand Trunk... 144
Ogdensburg &
Lake
plain
Cham¬
118, 144
Ohio & Mississippi
Oil Traffic
Oil Transportation
144, 170
170
192
Pennsylvania & Delaware
Pennsylvania Railroad
170
...118, 162
Philadelphia & Erie
Philadelphia & Reading
Pittsburg Cin. & St. Louis
Pittsburg & Lake Erie
Pueblo & St. Louis
mont
Division)
170
118
R
144
170
Marquette
Richmond & Danville RR
Rochester & State Line.
Rutland Railroad
117
192
192
G
Harrisburg & San
144
Galveston Houston & Hender¬
son
144, 192
Georgia Railroads
169, 192
Grayville & Mattoon
144
II
Huntingdon &. Broad Top Moun¬
tain
Houston & Texas Central
168
144
'... 118
Joseph & Western
170
St Louis Alton & Terre
Haute 170
St. Louis & San
Francisco
143
St. Louis & Iron Mountain
193
St. Louis Vandalia &
Terre
Haute RR
H6
St. Paul <fc Sioux
City
118, 193
Sioux City & Dakota
118
South Carolina
118
Southern Minnesota
193
Texas & Pacific...,
118, 170
Toledo Peoria & Warsaw
170
Troy <fc Boston
1
168
Tuckerton.
170
ern
Indianapolis Cincinnati
fayette
:
Union Pacific
La¬
192
International A Great North¬
ern R. R. Lauds
117, 135, 169
Jersey City & Albany
144
R
Kansas City <fc
Kansas Pacific
Memphis
Knickerbocker Gas
T
118, 163
168, 192
117
118, 169
169
branch, running westerly from the first toward our main line,
is nearly graded, and 12 miles of the track
have been laid with
iron rails. 7,891 tons of new steel and
1,384 tons new iron rails
laid
Virginia State Bonds
the
road and branches last year, exclusive of the
iron rails used in the extension of the new
branch lines. 50
miles of track have been ballasted with stone and
gravel. Of
the 365 miles from
Chicago to Cairo, 315 miles are laid with
steel; it is proposed to complete the whole distance in steel at
an early
day. We now have 543 miles of steel rail north of the
were
on
Ohio.
“
The extraordinary demand for the
the Northwest, at higher
strengthened the
grain and provisions of
prices than of late years, has
of the farmers.
This is particularly
largely-increased volume of the Chicago
receipts last year at that point reaching the
astonishing amount of fourteen hundred and eighty-one million
feet. It is probable that the
population of Illinois has never
enjoyed so large a prosperity as during the past season.
resources
evidenced in the
lumber traffic, the
“
The shareholders will note that the later investment
in the
Southern Line, made since 1877, is $1,600,090 of first
mortgage
bonds, brought forward at par. The opportunity of
selling
these bonds at a premium has been refused.
“
The extension of the Southern Line to East Cairo has
materi¬
ally diminished the time occupied by trains in crossing the
Ohio. The time between New Orleans and East Cairo has
been
shortened five hours, and trains are
running
with
regularity
and safety. For the Southern Line
10,000 tons more #f steel
rails have been purchased, and it is
proposed to reduce its
grades at the northern end, this tending to increase its
capacity
for business and to reduce its
expenses.
Sixty miles more have
been ballasted, and additional machine
shops and other build¬
ings erected. Various projects are mooted to secure a share
of
the export business
through the Southern ports.
that it is from 100 to 150 miles
-Gross Earnings.1879.
1878.
$
Freight
5,116,961
Passenger....4,368,525
Mail
Express
Sleeping
cars
Rent of prop¬
erty
142,657
134,625
27,927
Storage and
dockage....
Switching....
Telegraph
Wilmington & Weldon
.1
82,820
100,982
21,103
45,729
515,205
737,727
507,645
718,955
65,530
53,847
equipment.' 490,923
Maintenance
of way
640,575
501,185
1,388,240
136,422
133,441
30,257
General
ex¬
penses
Claims & dam¬
ages
73,373
151,711
7,382
10,331
42,152
44,728
984
4,200
5,205
4,200
3,305
80,720
57,996
77,020
83,836
7,249,182
7,140,207
Mileage cars
and engines
$
157,388
Salaries
-
transfer
153,617
5,021,376
163,752
...
Train
newsagency
Cairo
wharf
boat
Inter
State
1878.
$
Station
78,050
Rent of tracks
1879.
ex¬
penses
Train expen’s
Maintenance
struct’s, Ac.
Maintenance
Telegraph
193
193
Au¬
190
191
699,348
ex¬
penses
59,848
Sleeping
23,347
58,086
25,432
4,145
2,976
17,577
36,051
17,326
21,968
37,308
17,610
33,416
74,567
52,914
26,709
65,767
46,492
cars
wharf
Cairo
boat
Inter - State
transfer....
Legal expen’s
Switching....
Repairs
of
fencing.....
Mileage cars.
& G. 8
Western Union
competing
-Operat’g Expenses—v
$
Wabash St. Louis & Pacific
gusta...
direct than any
1879 and 1878:
W
Telegraph
Wilmington Columbia &
more
system of roads, it is believed that it will practically control the
traffic between the Northwest and the Gulf.”
Comparative statement of earnings and operating expenses in
163
118,
144, 170
Washington City Va. Midland
It is
intended to have this, the shortest
through line, put in perfect
order as rapidly as it can be done
consistently with reasonable
economy. From the superiority of its condition, and the fact
170
V
Indiana Bloomington & West¬
account.
“
The branch line mentioned in the last
report, running south¬
west from Otto, has been extended 18 83-100
miles, and another
142
S
St.
Framingham & Lowell
Antonio
144
168
192
Wayne Muncie & Cincin¬
Galveston
144
169
192
Memphis & Little Rock
143
144
168
118
Eastern (Mass)
Erie.....
Fort
169, 192
Manhattan Elevated
Marietta & Cincinnati
E
Flint & Pere
169
190
118
118
141
Pittsburg Titusville & Buffalo. 193
Pomeroy & State Line
170
Portland <fcOgdensburg
142
Portland A Ogdensburg (Ver¬
D
Delaware & Hudson Canal Co.
Denver Pacific
Denver & Rio Grande
Detroit Lansing & Northern...
Little Rock & Fort Smith
192
Little Rock Mississippi River &
Texas
169
Louisiana State Debt
117
Louisville & Nashville.
144,169,192
Blue Ridge (S. C.)
191
Boston Hoosac Tunnel & West¬
ern
191
Boston Land Company
117
Boston Water Power Company 117
Buffalo
170
and two dividends on its shares. Its business has
required addi¬
tional equipment: 260 freight
cars have been built, and three
heavy engines are in course of building in the company’s shops.
The outlays for equipment,
together with the cost of consider¬
able additional side track and
important purchases of real
estate, as well as cost of additional double track laid between
Chicago and Hyde Park, with new station buildings, etc., etc.,
have also been taken out of the income
account, these construc¬
tion charges aggregating
$386,016. After all these deductions
there is still a balance of income for the
year of $617,204, which,
added to $1,455,635 at credit of ‘income’ at the close of
previous
year makes $2,072,839 now carried forward to the credit of that
Miscellaneous
3,026,700 3,087,435
Net earnings, 1879
$4,207,763
Net earnings, 1878
4,052,772
In 1879 the expenses of the Chatswortli
Division ($76,883) were
included in operating expenses.
The leased lines in Iowa earned
a3
follows:
February
1880.]
28,
1878.
1879.
$927,826
481,299
114,056
$926,170
476,265
136,122
$7,234,464
1,538,557
$4,207,763
Dubuque & Bioux City
Iowa Falls & Sioux City
Cedar Falls & Minnesota
Total
INCOME
ACCOUNT,
1879.
Net earnings from operation of road
Deduot charter tax paid State of
Deduct taxes Chicago <fc Springfield
Deduct taxes Kankakee & Southwestern
Deduct taxes leased lines in Iowa
Deduct rental leased lines in Iowa
Illinois
Railroad ..
RR...
.
325,477
9,158
1,550
58,823
615,832— 1,010,843
Less amounts
Floating debt Dec.
Interest
$1,003,220
Balance income
The earnings and
main line, were :
Earnings—
York office, net
Investments New Orleans line, consisting of
second mortgage bonds and 61,000 shares
Louis & New Orleans Railroad Company
Assets in insurance fund
1,600,000
862,764
-
$5,023,000
Chicago St.
5,145,943
24,655
$43,819,254
$29,000,000
10,300,000
1898, secured by mort¬
bonds, secured by mort¬
1,600,000
200,000
.
EARNINGS AND
and 1878, for the
^1878'
1879.
$929,681
2,284,023
117,438
*
Total earnings
EXPENSES OF
$885,831
1,980,497
101,775
73,742
77,878.
$3,404,885
264,761
$3,045,982
246,415
$3,140,124
$2,799,567
1,908,099
2,084,926
$1,055,197
SPRINGFIELD DIVISION.
891,467
1878.
1879.
Gross earnings
$362,115
*- $337,268
$3,778
$26,920
364,188
365,894
Expenses
Deficit
The ratio of expenses to earnings is
On main line and Louisville branch,
as
follows :
66 39-100 per cent, being
a decrease as compared with 1878 of 1 76-100 per cent.
On
Springfield division, 101 4-100 per cent, being a decrease as
compared with 1878 of 6 94-100 per cent.
During the year, 7,032 tons of steel rails and 500 tons of iron
rails, 225,426 track ties and 4,378 switch ties, were laid on the
main line; 1,406 tons of good selected iron rails were taken from
the main line and laid on the Springfield division; 70,744 track
504,529
2,072,839
117,229
24,655
Liabilities, Chicago office.
Insurance fund....5
204,000
operating expenses in 1879
Operating expenses, less transfers as above.
1,600,000
200,000
429,108
Working stock of supplies
...
$1,600,000 bonds, secured by first mortgage Chicago St.
Louis <fc New Orleans Railroad Company, at par
Division
$1,392,285
Less transfers.
$33,956,781
Chatsworth Division
Division
sinking funds
EXPENSES OF MAIN LINE.
Net earnings
$33,000,000
956,781-
Illinois
Iowa
Shares
Funded debt
Six per cent currency bonds of
gage on Springfield
Six per cent registered currency
gage on Chatsworth
Balance surplus account
Balance income account
$1,188,285
From passengers
From freight
From express
From mail
$2,072,839
Springtield Division
Assets in New
unpaid Dec. 31, 1879
unpaid Dec. 31,1879
mortgage debt
EARNINGS AND
$617,204
December, 1879
BALANCE SHEET DEC. 31, 1879.
Permanent expenditures,
Permanent expenditures,
$447,973
31,1879 .:
Total interest on
1,455,635
account 31st
GENERAL
on
173,872
386,016
1878
4,478
settlements.
paid.
Sinking funds due and
870,000—1,740,000— 2,296,273
31st December,
7 2,446
$621,845
$870,000
Balance of income for 1879
Add balance at credit of income
collected in final
Of which has been
10,888—113,210 $556,273
Illinois for 1879,
$553, 878
and
$626,324
'
savings on purchase of
sterling exchange
Dividend of March, 1879
Dividend of September, 1879
VI
which $64,665 are for taxes,
$7,780 for sundry claims)...
*
in 1879. $3,196,920
102,572— $3,299,493
$669,483
Less
.s
Amount DeA 31,1878
Claims since audited (of
$3,196,920
Net amount
Net receipts from operation of railway
Land Office receipts
Bond and interest
Less interest collected on bds
of New Orleans line
$102,321
Construction account in
219
THE CHRONICLE.
1,164 switch ties were placed on the Springfield division
during the year. The entire length of the main line between
East St. Louis and Cincinnati is 340 miles, of which 243 miles
are laid in steel rails.
ties and
Railroad.
Ohio & Mississippi Railway.
(For the year ending November 30,1879.)
(For the year ending Dec. 31, 1879 )
The report just issued has the following :
The report of Mr. John King, Jr.. Receiver, has the following:
The total coal tonnage was—Anthracite, 4,361,785 tons ; bitu¬
The amount of recognized obligations unpaid Dec. 31,1878,
minous, 53,499 tons; making 4,415,284 tons, being an increase
$553,878 of 935,691 tons over 1878, and of 23,998 tons over 1877, hereto¬
To this add claims anterior to Nov. 18, 1876, and since
audited : Taxes, $64,665, and Sundry Claims, $7,780
x
72,446 fore our year of heaviest coal tonnage. Of this, 1,536,476 tons
$626,324 were carried over the New Jersey Division, against 879,377 tons
Lehigh Talley
$43,819,254
was
Less amounts
collected in final
4,478
settlements.
$621,845
Of which has been
173,872
paid
Leaving unpaid Dec. 31,
The floating debt as
447,973
1879
November, 1876,
$1,401,736
amounts since audited, less
recognized due 18th of
was
should be added
collected in final settlements.
To which
amounts
78,142
$1,479,878
Total
showing a reduction of
date of this report for
coupons, and for sinking funds on the bonds, securea by the
Of which $447,973 remains unpaid,
$1,031,905 during the receivership.
The amount due and unpaid at the
main line, is:
Six coupons on
8ix coupons on
$804,720
29,400
second mortgage bonds
debentures
$834,120
354,165
108,000
96,000
bonds
fund of first mortgage bonds
Six appropriatibns to sinking fund of second mortgage bonds
Springfield division
Coupons on
Three
appropriations to sinking
$1,392,285
The gross
amount of receipts from
31, 1878
Add cash on hand Dec.
all sources in 1879 was...$5,113,884
40,606
$5,154,491
Out of which was
paid, on claims
incurred previous to Nov.
18,1876
On claims
Total
payments
Leaving cash on hand
$173,872
4,571,760
$4,745,632
incurred since
$408,859
Dec. 31,1879.
settlements were made with the counties of
Richland, Clay, Clinton, Gallatin, Wayne, Cass and
During the year,
Lawrence,
Effingham, for taxes accrued prior to 1876; the claims,
ing in the aggregate to $162,973, were compromised by
ment of $56,338.
The taxes due
daring the year on
amount¬
the pay¬
the main line in Ohio,
the Spring-
Indiana and Illinois, amounting to $54,381, and on
field division in Illinois, amounting to $23,527, were
promptly
in 1878.
Tbe income from all source*,
ments, &c., amounted to
Operating expenses of tbe
including interest
received from invest¬
$6,540,363
2,996,981
road
$3,543,382
$1,557,900
1,095,523
Net income...
,Out of which there was
paid-
interest on Bonds
*
Dividends—four per cent on Common Stock
General expense, interest on floating
Morris Canal and on coal operations
debt, taxes, loss on
866,595
$3,520,019
Leaving
to be carried to the credit of
At
the profit and loss account.
the close of the fiscal year the capital account
follows:
Preferred stock
...
Common stock,, including
verted
.:
Six per cent bonds, due in
Seven per cent registered
Consolidated mortgage
Floating debt, less
scrip not yet con¬
.....
1898 (coupon and
bonds, due in 1910
$23,363
was as
$106,300
27,322,555— $27,428,855
registered)
bonds
cash on hand
Total
5,000,000
6,000,000
14,437,000
347,359
$53,213,214
payable December I,
bearing interest from that
date.
“The policy adopted by oar company early in the year was to
restrict the production of coal, with the hope that the other
companies would do likewise during the Winter, and thus give
to all branches of the trade, for the balance of the season, fair
remuneration for labor and capital invested ; but the only ap¬
parent effect produced was to stimulate the efforts of the others
to increase tonnage and reduce prices.
Such, at least, was the
result. After being satisfied that there was to be no change in
the course of our competitors, and after a loss of about 275,000
tons, in comparison with a corresponding period of the previous
year, our tolls were reduced to meet the competition, which
stimulated the trade by our line to an aggregate for the year
of 4,361,786 tons, an increase of 915,170 tons over the year 1878. >
The total amount of anthracite coal transported over the main
133 of the sterling bonds were drawn,
1879, leaving outstanding $4,304,000,
paid, and have been included in the charges for operating line and branches for the year was 4,361,785 tons, an increase,
expenses. An agreement for the settlement of the claim of the compared with last year, of 915,169 tons, or 26*25 per
:
Liverpool London & Globe Insurance Company, at $60,000, has The coal was derived from the following sources
1878.
1879.
been reached, and will be settled in 1880.
cent.”
FLOATING
Statement of floating
since audited:
Regions—
DEBT.
debt Dee. 31,1879,
including amounts
Wyoming
Hazleton..
Upper Lebigh
Tons.
..1,520,049
' 919,712 ?
948
Tons.
1,135,587
1,964,278
92
220
THE CHRONICLE.
1878.
Tone.
Regions—
Beaver Meadow
Mahanoy
:....
.
1874-965.
435,951
1
Mauch Chunk
Pert Delaware
1879.
Tons.
474,761
565,825
1,633
2,494
(VOL. XXX.
Rental Elmira &
Williamsport Railroad
Interest on equipment Elmira <fe
Williamsport
Railroad
Rents on
equipment Elmira &
Dividends Chemung Railroad Williamsport RR..
Interest on equipment Chemung Railroad
Rents on equipment
Chemung Railroad
Interest on equipment El. Jeff. & Can. RR
Rents on equipment El. Jeff. & Can. RR
786,081
782
201
$165,000
29,166
94
22,800
12,817
1,434
24,269
...
Totals
1
The receipts and expenses for
3,446,615
4,361,785
the year were as follows :
Gross
From—
Net
Receipts.
Coal
$4,011,444
Freight
Passengers, Express & Mail
Totals
1878
Expenses.
.
Receipts.
$1,853,673
1,488,578
432,302
859,998
283,309
.$5,932,325
$2,996,981
.
.
$2,157,771
The net
628,579
148,993
1,416,144
income of
$163,994
the
property, therefore, exceeded all
charges of every kind by the sum of $163,994.
The tonnage of the main line of the
$2,035,344
Northern Central Rail¬
3,075,811 way was increased 973,833 tons,, with an increase in
earnings of
$266,968.
t $140,467
The
total
number
of
increase of
tons, and tonnage mileage, and the rev¬
'
5,532,738
3,207—
Balance of net income for
1879, carried to credit of profit
and loss account
2,456,926
Increase (*) or decrease (t)...
*$399,587
*$540,054
Receipts from passengers, mail and express shew an
*$16,618, or 3-9p per cent. Passengers carried one
mile, 15,082,971, an
increase of 9*94 per cent over last
year.
“Cost of operating the read was 50*52
percent of receipts,
which is an increase of 6*11 per cent over last
year; this, how¬
ever, may be regarded as a very
satisfactory
result, when it is
considered that the rates received on coal and other
freight
are less than ever before since
the opening of the
enue
derived from the same,
Tons.
1879
1878
5,803,371
Increase
2,117,495
all lines of the company, were
on
Money.
7,920,866
:
Rato per
ton per
Tons one
mile.
$3,272,301 56
mine.
404,192,761
280,236,742
2,837,399 44
*810
1-013
$434,702 12
123,956,019
road, coal Decrease
being 24*5 per cent and freight 14*65 per cent lower than last
•203
The
eoal
year, arid that there has been charged m our
tonnage of the main line in 1878 was 871,261 tons
operating
expenses
and in 1879 was 1,185,145 tons.
the cost of renewal of over
thirty miles of iron track with steel
In the report of last
rails ; the replacing of three timber
year it was stated that arrangements
bridges with iron ones, and had been made
the substitution of many
under which the Elmira &
improved and more expensive switches cent
Williamsport 7 per
and frogs, and other betterments of the
bonds, amounting to one million of dollars,
road and its equip¬
due on
ments.
January 1, 1880, might, at the option of the falling
holders,
be ex¬
tended for
Operations and
Years.
*
earnings for five years past were as follows: |
Passenger
Mis. Freight
Gross
Net
Miles.
Mileage.
Mileage.
Earnings.* Earnings,
267 17,416,448
58,912,500 $6,046,495 $2,783,633
302 33.388,877
69,902,718
7,049,647
3,206,897
301
303
303
16,657,397
13,718,758
15,082,971
86,712,311
112,557,960
150,540,605
Does not include receipts from
Pennsylvania & New
Div.
ct.
p.
GENERAL BALANCE SHEET DEC.
5,932,325
3,075,811
4
Real estate
2,935,344
4
Equipment
w
hich
are
5^
large.
Company.
{For the year ending November 30, 1879.)
earnings and expenses for the fiscal year ending Nov. 30,
187u^were as follows :
The
Gross receipts. Expenses. Net
receipts.
Transportation of coal
$641,910
Transportation of freight
511,560
Transportation of passengers, mail
and express
134,262
Canal
or
Dec. $101,529
216,918
$599,791
528,041
896,425
Dec$173,279 Inc.$71,749
"Operating expenses 54*66 per cent of gross receipts.
During the year $210,000 has been paid for interest on
bonds,
leaving $389,791 applicable to taxes, dividends, &c.
EARNINGS.
Total
Leaving
In
$627,926
3,272,301
59,647
42,741
105,332
$4,107,948
as net
For
OPERATING EXPENSES.
conducting transpt’n $956,020
For motive power
For maintenance of
16,200
715,619
308,364
65,736
Total
$2,861,941
earnings
comparison with the year 1878, there was an
earnings of $384,491, equal to 10*33 per cent.
grow
Total expanses for 1878.
The expenses for 1879 were
$1,246,006
increase in
Showing
an increase in expenses of (9 88 more than for
1878) $257,444
The increase in net
earnings was $127,047, or 11-35 per cent.
In addition to the net
earnings as above stated.
$1,246,006
There was received from dividends and
interest.
148,339
Contaibution for operating
Elmira,
Chemung, and
divisions (frem Pennsylvania Railroad
Co)
Royalty on coal mined—Sh amok in division
Total net receipts....'
Interest on mortgage indebtedness
Interest, discount, gold premiums, taxes, etc
Rents and interest on
mortgages and
rents
Rental Shamokin Valley «fc Pottsvilleground
RR
Interest o» bonds Shamokin
Valley 4c Pottsville
Railroad
Interest on equipment Shamokin
Valley & Potts¬
ville Railroad
Rents on equipment Shamokin
Valley <fc Pottsrille Railroad.......
Canandaigua
159,736
26,055
4-
$895,140
26,623
39,918
52,167
140,000
11,521
982
$1,580,138
1,489,110
204,140
159,197
$22,303,287
97,186
Capital stock—116,840 shares
$22,400,473
Liabilities.
$5,842,000
13,945,000
$280,000
406,941
324,150
t..
102,382—
1,113,473
$22,400,473-
New Central Coal
Company of Maryland.
{For the year ending December 31,
The annual report for 1879 has the
Coal Mined in 1879.
FYom Koontz Mine
1879.)
following
:
Tons.
-
149,743 02
139,666*16
From Big Vein Mine
From Midlothian Mine
43,329*02
.
Total
Mined in 1878......
332,73900
352,847-14
..
Decrease
Coal
Coal
Coal
Coal
Coal
mined
mined
mined
mined
mined
20,10814
in
in
in
in
in
7 872...
1873...
1874...
1875,..
1870...
Tons.
304,188 19
285,135-09
243,186-05
258,851-01
240,233-02
Tons.
Coal mined in 1877...
Coal mined in 1878...
Coal mined in 1879...
Total
345,177*15
352,84714
332,739*00
2,362,359-05
31, 1879.
STATEMENT OF PROFIT8 FOR THE YEAR
ENDING DECEMBER
December 31,1879, balance to credit of coal
account
$1,053,712
December 31, 1879, coal on hand, at cost
.$81,584
Less freights and taxes due
16,618—
04,965
$1,118,678
A/eduet amount paid for railroad and canal
freights and tolls,
mining, office and shipping expenses, salaries and interest..
1,036,787
Net
earnings for the
year
$81,890
Note.—The strike of the miners,
lasting from September 1 to October
8, caused a suspension of mining during that
time, increased the cost of
the coal, and reduced the company’s
production and profits for the year.
Balance to credit of profit and loss December
31,1878
Deduct—
$244,530
'
Dividend paid January 22, 1879
Amounts charged against profit and lose
$2,604,497
2,861,941
3,048,680
100,948
364,811
745,777—
Bonded debt
Bills payable
Interest and rentals accrued
Payrolls for December and vouchers
Other liabilities
:
tr
way.
For maintenance of cars.
For general expenses....
$17,402,157
$277,572
Total liabilities
amount of coal—anthracite and
bituminous—trans¬
1,190,063 tons, an increase over the previous
year of
94,700 tons, or 8*65 per cent. The decrease of
receipts from
coal and passenger
transportation amounts to $109,687. Mis¬
cellaneous freight traffic has increased
but was done at
reduced rates, the receipts therefromlargely,
increase of
snowing
$6,613. It is gratifying to note a reduction in an
the operating
expenses of the road and an increase in net
receipts, notwith¬
standing the reduced rate obtained for transportation of coal
was 26*89 per cent and of
miscellaneous freight 12*64 per cent
less per ton per mile than last
year. It may
be ex¬
pected that the business of your road during reasonably
the coming year
will be favorably affected
by the general prosperity of the
country, and, that we will not again have to report a further
reduction of rates.”
From passengers
From freight
From express
From mails
From miscellaneous
1,021,545
4,196,107—
Company and the El. Jeff.
Total
Profit and loss account
was
Northern Central Railway
Company, Md.
(For the year ending December 31,
1879)
The annual report gives the
following
revenue and expenses
of the main line, with its leased and
controlled roads.
$12,184,504
Slock of the Chemung Railroad
&Can. RR. Co. (cost)
Cash qp hand and in banks
Due from agents
Due from
connecting roads, etc
Bonds and stocks
Materials and supplies
Trustees of sinking fund...
“The total
ported
bonds extended.
31, 1879.
Assets.
Railway and appurtenances
52,376
Loss. 1,677
$723,146
The holders
Total assets
34,999
$1,322,937
1,424,467
decrease
$297,175
81,886
1,881
34,999
Total, 1879
Total, 1878
Increase
$344,735
294„642
204
Miscellaneous..-
privilege and have had their
10
9
3,325,215
interest, &c.,
years, at 6 per cent per annum.
bonds, with the exception of $33,000, have availed
themselves of this
6,488,037
5,532,738
York Canul and Railroad
From—
thirty
of these
during 1879
$100,000
11,905— 111,905
$132,624
A (Id—
Net
earnings for 1879.
81,890
Balance to credit of profit and loss December
31,1879
ASSETS.
Real estate.
Personal
property
mines
:
Personal
property
New York
$5,000,000
at
75,912
at
Barges
Cask
hand
Bills receivable
Accounts receivable....
Coal on hand
on
3,462
6.000
$214,515
LIABILITIES.
Capital stock
$5,000,000
Bills payable.
Unsettled accounts
Dividends unpaid
Balance to credit
profit and loss
54,784
3,848
208,777
64,965
of
50,000
149,235
4,000
214,515
$5,417,750
$5,417,750
Directors for 1880.—Malcolm
Presi¬
dent; William S. Jacques, Vice-President; PhiloSinclair,
C. Calhoun,
Officers
and
Treasurer; Greorge H. Adams, Secretary.
THE CHRONICLE.
28, 1880.]
Fbbruary
221
has passed to the control of the Chicago Burlington & Quincr
Directors.—Harry Conrad, Philo C. Calhoun, Henry R. Kun- Company, or will in a few days, is true. The Atchison &
hardfe, George Opdyke, Richard Sullivan, William S. Jacques. Nebraska Road runs from Atchison, Kansas, to Lincoln,
David T. Hotchkiss, Daniel R: Kendall, George H. Hoyt, Mal¬ Nebraska, and an extension is about completed from the last'
i
colm Sinclair.
named point to Columbus, on the Platte River; bat as the
American Coal Company.
bridge is not yet finished trains cannot reach Columbus, but
will within the coming thirty days.”
(For the year ending December 31, 1879.)
Boston Clinton Fitchburg & New Bedford.—The stockhold¬
The annual report gives the following information :
ers have approved the extended and modified lease of the
Received for coal sold and delivered, earnings of canal boats,
& Lowell Road as agreed to by the stockholders
rents and interest
$282,671 Framingham
of the latter road two weeks ago. The lease is for 998 years
.
--18,065 and 4 months, from Oct. 1, 1879, at an annual rental of 30 per
Coal on band, value
$300,736
transportation.;
Mining, superintendence, labor, &c
Shipping expenses, Alexandria, Baltimore
sey City.....
Taxes
62,172
28,130
and Jer¬
5,455
7,064
13,169
Bond and scrip interest to March 1st, 1880
Salaries, office and contingent expenses.
254 — 297,058
Legal expenses
$3,678
Gains, 1379
Surplus, December 31, 1878
Add gains, 1879
Deduct uncollectible claim—
-
sent surplus
ASSETS.
Lands and real estate at
mines
$1,542,365
Real estate at Jersey
5,000
33,731
mines
at
Canal boats
Value of coal on hand..
Office furniture
&
Dividend scrip, converti¬
ble...;.
First mortgage
Interest on scrip and
bonds to March 1,1880
Accounts payable
Bills
payable
3,335 Insurance fund
19,392 Surplus
62,246
20,000
18,065
513
wharves
Bills receivable
Accounts
Cheasapeake
$1,500,000
1,596
bonds...
28,431 Mortgage on wharf prop¬
erty, Jersey City
Cash..'.
Wharf improvement at
Jersey City
Personal
property at
property
LIABILITIES.
Capital stock
Unpaid dividends
16,254
improvements
Personal
3,678— 208,002
159
$207,843
100,710
City
Mine
$204,324
...
cS jent from mines in 1879, 98,675 tons.
Ohio
2.289
116,600
30,000
4,123
29,331
16,000
8,762
207,843
$1,916,545
9,000
3,000
56,000
Canal bonds
C. & P. RU. stock
G. C. & C. RR. stock....
$1,916,545
WinWilliamson, Richard
David Stewart. Gardi¬
President; George Sherman, Secretary and
Directors—James A.
Alexander, John P. Moore, Sidney
tringham, Gardiner Lloyd, Benjamin
S. Grant, William J. Boothe, A. J. Akin,
P. Lloyd,
Treasurer.
ner
earnings and taxes, the latter not to exceed
(including $500 per annum for corporation expenses), $25,500
per annum. Interest at 6 per cent on the F. & L. bonds is to
be paid unless the bondholders accept 5 per cent.
Burlington Cedar Rapids & Northern.—At the meeting of
stockholders, the lease of the company’s road to the Chicago
Rock Island & Pacific Railroad Company failed to be confirmed.
The lease was made on September 3, 1879, by the directors of
the Burlington Cedar Rapids & Northern Company, subject to
the ratification of the stockholders. The vote in favor of con¬
firming the lease was only 15,000 shares out of a total of 55,000
shares. There were no votes cast against the ratification bat failed
from lack of a sufficient number of affirmative votes. This was
a curious result, and is not explained, as at the election four
directors were chosen representing that company and the Chi¬
cago Burlington & Quincy road. These directors are ',C. Lynde,
Rock Island; J. C. Peaslee and J. W. Blyth, Burlington, and J.
W. Dewey, Des Moines., They take the places of John M.
Denison of Baltimore, and Alexander Taylor, George Bliss and
Gen. Horace Porter of New York. The control apparently re¬
mains with the Rock Island Company.
Central Branch Union Pacific.—The Chicago Tribune says :
It is understood that Gould has decided upon another con¬
solidation. That part of the Central Branch Union Pacific
Railroad from Atchison to Beloit, Kan., is to be consolidated
with the Missouri Pacific. The portion west of Beloit is to be
connected with and joined to the Kansas Pacific. This arrange¬
ment will extend the Missouri Pacific 184 miles.”
—This railroad, originally chartered as one of the Pacific
Railroads, west from the Missouri River, built 100 miles from
Atchison to Waterville by 1867. Ten 'years later the extension
known as the Atchison Colorado & Pacific Railroad, from Water¬
ville west, was commenced, and of this extension 124 miles were
in operation in 1879—69 miles additional since Jan. 1, 1880—
and 36 miles are graded to be completed by May 1, and thus
operated as one line will be 329 miles of road. A comparative
cent of the gross
$180,812
Canal and railroad
“
statement of mileage and business for three years will show the
development of this line :
Improvement Company.
Gross
Operating
Average
Surplus.
Earnings.
Expenses.
The report says thatr during the last six months of 1879 an
Mileage.
$239,436
$157,018
$82,418
1877
120
active demand sprang up for the Company’s lands. A farther
624,953
360,630
264,323
167
1878...,
reduction of $100,000 was made in the capital stock by cancell¬ 1879
1,000,000
477,862
522,138
224
ing a thousand shares received in exchange for lands, reducing
The total interest char^ ;es and rentals for 1879 were $259,960.
Central New Jersey Land
$2,400,000. Of this amount outstanding the Company still
The increased mileage 1 or 1880 should show a considerable
$25,500, held for the redemption of scrip as presented.
increase in earnings.
The total interest charges and rental for
The dividend scrip has been reduced from $106,984 80 to $43,1880 will not exceed $1,100 per mile, leaving the ownership and
296 50, and as it is desired to extinguish this scrip as speedily
control of this property to a capital stock of $1,000,000.
as possible, the request is made to holders of the scrip
connection with Marysville (about 12 miles) is to be
they will bring the same in for conversion into stock.
coming Spring—so, via Central Branch and Missouri
STATEMENT FOR TWO YEARS ENDING DEC. 31, 1879.
Union Pacific is extended to St. Louis. The Union Pacific Co.
1879.
Receipts.
1878.
it to
owns
A
made this
Pacific, the
that
Cash on hand, Jan. 1
Sales, Newark lands.
Bergen lands
Fan wood lands
Plainfield lands
Dunellen lands
Somerviiie lands
Bonds and mortgages receivable
Accounts receivable (decrease)
$2,322
8,000
22,052
500
42
13,700
5,100
■-
(decrease).
15,518
2,148
5,118
$1,275
13,605
23,598
15,025
6,095
5,343
paid $250 a share for a majority of the stock, and now owns
about 9,100 shares out of 10,000.
Central Iowa.—The total of lien claim indebtedness of the
Central Iowa Railroad on June 18th, 1879, at which time the
property passed from the receiver’s hands, under the
management of Mr. D. N. Pickering, was about $200,000. This
operating
January, 1880. The
compromise
date, July 18,
606
and
July
will
13,304
11,950
the Iowa
46,400
16,100
against
29,452
27,358
$319,394
first
six
months
of
1879,
a
decrease
of
$40,095.
for
the
$163,658
$120,957
For the last six months of 1878 the gross earnings were $395,868,
SHEET DEC. 31, 1879.
against $463,751 for the last six months of 1879, an increase
Newark lands, $390,584; Bergen, $617,622; Elizabeth,
of $67,882 in 1879 and an increase for the entire year c£
$169,150; Westfield. $26,307; Fanwood, $479,633; Plain$27,787.
field, $347,976; Dunellen, $345,398; Somerville, $77,861;
Clinton, $4,780; Bloombury, $26,345; Phillipsburg, $861. $2,486,522
Chicago Burlington & Quincy.—This company has pur¬
Bonds and mortgages receivable
38,374 chased
the St. Joseph & Des Moines, a ^narrow-gauge road 23
Land contracts
17,471
Accounts receivable
278 miles long, giving them a connection to St. Joseph, Mo.
4,687
Cash
It is stated that the Chicago Burlington & Quincy Railroad
$2,547,334 Company has just purchased the old Ohio & Mississippi depot
Capital stock
$2,400,000
Less held by company
oases. at
The
25,500— $2,374,500
Eastprice
St. Louis
paid between
the was $180,000. Til*
for the property
43,296 grounds
Dividend scrip
152
terminal business of the Burlington at East St. Louis was don e
Unpaid dividends
31,475 heretofore by the Indianapolis & St. Louis Railroad.
Bonds and mortgages payable
876
Accounts payable
Chicago & Eastern Illinois—Evansyille Terre Hante k
97,033
Profit and loss
Chicago. —The lease of the E. T. H. & C. to the C. & E. I. recite®
$2,547,334 that the bonded indebtedness is $755,000 of first and $325,000
second mortgage bonds, with a floating indebtedness of $50,000
$60,000. The Chicago & Eastern Illinois propose to fund the
GENERAL INVESTMENT NEWS.
indebtedness from 7 to 6 per cent, take charge of, maintain,
and operate the property for 999 years, paying therefor $75,000
Atchison & Nebraska.—The Kansas City Times Feb. 18 says: per annum rental. The stockholders of the E. T. H. & C. Com¬
For the past few weeks rumors regarding the lease of the pany voted for the lease, but passed a resolution that their
Atchison & Nebraska Road by the Chicago Burlington & Quincy president should not sign the lease until all the bondholder
Company have been bandied about, and yesterday news was consented.
obtained by a Times repqjgtr that placed the matter beyond
Chicago Rock Island & Pac.—Hannibal k St. Joseph—
cavil. It is not now known upon what terms the road has been The Hannibal & St. Joseph Railroad Company has leased to
Land contracts (decrease)
Interest received, balance of account
Rents received
.Stock exchanged for scrip.
Discount on stock and scrip....'
indebtedness was entirely paid previous to
Company will also anticipate the
1881, for payment of the bonded interest,
pay on
18 next the sum of $129,000. The gross earnings of
Central for the first six months of 1878 were $359,789, as
s
BALANCE
as
Wabash & Alton freight
or
“
eased
nor
for how long a
period, but the fact that the property
222
THE CHRONICLE.
the Rock Island the
[vol. xxx.
of its line from Cameron to Kansas
the decree of the Chancellor the purchasers are allowed
thirty
City, and also the use of the road from Cameron to St. Joseph, days to perfect the reorganization of the company.
for a long term of years, at a good rental. It has also leased
New London Northern.—The stockholders voted to purchase
the use of its road from Atchison to St. Joseph to the Missouri
the Brattleborough Branch of the Vermont & Massachusetts
Pacific, for twenty-five years, on equally good terms.
Railroad, and for this
Cincinnati Southern.—This important line of road, from edness of the road it purpose and to retire the present indebt¬
was voted to issue $1,500,000 of bonds.
Cincinnati, O., to Chattanooga, Tenn., owned by the city of Cin¬
New York Lake Erie & Western.—Following is an official
cinnati, has been opened for business.
Detroit Hillsdale & Southwestern.—This road has been report of the New York Lake Erie & Western Railroad Com¬
pany for the month of December :
combined with the Toledo & Ann Arbor under one
use
manage¬
1878
ment, and working arrangements have been agreed upon with
the Fort Wayne & Jackson Railroad for an
interchange of
traffic.
The owners of the combined lines have voted to
struct an extension from Ypsilanti to Detroit.
Kansas City Fort Scott & Gulf.—This
absorbed the Memphis Kansas & Colorado
Gross
earnings
Working expenses
con¬
earnings
October to
railway has recently
Railway.
distance of about twenty miles,
Earnings—
From
From
From
From
From
freight
passengers
mails
express
miscellaneous
Total
Expenses
as
follows
expenses for the
:
1879.
1878.
$1,031,061
1877.
$795,344
$913,814
184,375
13,831
24,290
17,192
133,892
11,725
188,860
20,405
24,875
14,650
$1,270,751
$974,039
685,586
650,751
$1,162,605
14,013
19,062
Increase.
2,617,384
$567,098
386,705
Net earnings
$1,443,294
$1,623,687
$180,393
794,284
Net
Y.
Ontario &
come
in and take
cent in cash, expired
common
on
stock
new
stock,
on
the payment of 20
Saturday, Feb. 21. There
of $6,800,000, and the old
now
non¬
mortgage bonds, $2,707,000, convertible into stock, which may
come in at any time up to
July 22, 1880, on payment of 30 per
cent in cash.
It is reported that the company has
actually in
hand about $6,000,000 in cash with which to
carry out its
plans. The plan is, in substance, to cut a tunnel through
Bergen Hill and connect with the ferry to Forty-second street,
New York City, and thus form a through route to
Oswego and
to the bridge at Lewiston, connecting there with the Canada
roads, and forming a trunk line. With the acquisition of the
New Jersey Midland connection, all that remains, in fact, to
make an all-rail route from Buffalo to New York is the tunnel,,
or cut, through Bergen Hill.
The Middletown (N. Y.) Daily Press reports that a
meeting
of railroad commissioners and individuals
representing ana
owning the capital stock of the New York & Oswego Midland
Railroad, to the amount,of $4,000,000, was held at Norwich,
N. Y., on Wednesday, the 18th inst. Under the State law the
holders of the original stock of a railroad that is sold at fore¬
closure have the right to redeem the road within six months
after the sale by paying the purchase money.
[This, we be¬
lieve, is a mistake, as the holders of stock have only the right
to come in under the reorganization scheme, and have no
right
to redeem.—Ed.
Chronicle.] The Midland was sold on the 14th.
of last November to the Reorganization Committee for $4,600,000.
The old stock, amounting to $7,800,000, of which $5,800,000 is held by bonded towns, cannot be admitted to
participate
in the benefits of the reorganization except
by the payment of
an assessment of 30
per cent, which the towns, at least, are not
likely to pay. The object of the meeting was to secure united^
action on the part of the towns to protect their mutual inter¬
ests.
A committee was appointed to take the matter in
charge, and to secure the signatures of the Commissioners of
all other towns not represented to the agreement. The com¬
mittee are A. H. Falling of Oswego, George O. Mead of Wal¬
ton, Warren Newton of Norwich, James R. Boyd of New York,
and John H. Devine of Fallsburg. It was stated that the bill
authorizing towns to sell their stock without the formality of
securing assent from the tax-payers is likely soon to become a lawNew York West Shore & Chicago.—The Tnbune
reports: “A
company has been organized under the laws of the State to
build a railroad from Hoboken, by way of Catskill and
Syracure, to Buffalo.
The original company, which was known as
the New York West Shore & Chicago Railroad
Company, was
organized in 1870. A portion of the line was graded and about
two and one-half miles were laid with rails.
The property waft
sold on February 7, 1879, under process of
foreclosure, to a
purchasing committee of the bondholders. The capital stock
of the new company has been fixed at $30,000,000. The
pro-
and the entire amount of bonds
necessary to effect this has
been disposed of to J. S. Morgan & Co., of London, and others.
Work will be begun immediately. The Cairo & Vincennes
road, in which Messrs. J. S. Morgan & Co. have a large interest,
has made a traffic agreement with the Mobile & Ohio Railroad.
The former line also, by
way of the Paris & Danville and East¬
ern Illinois roads, has now a
through and direct communication
with Chicago.
ending December 31 is
1879.
$4,627,777
3,004,689
remains the old
Trunk.—This railroad has been
A comparative statement of earnings and
"1878.
securities to
Mobile & Ohio.—This company has completed
arrangements
for the extension of its road from the
present terminus at
#
$44,042
$4,060,678
per
of the bonds of the road.
six months
$349,767
:
Western.—By the terms of the re¬
organization agreement, the time for all the holders of junior
reorganized by the election of the following new directors:
Gen. Levi W. Lawler and Major W. H. Gardner, of
Mobile;
Col. John C. Burch, Uniontown; James P. Wallace, President
of the Security Loan & Indemnity
Company, and Mr. Dreyer,
of the firm of Naylor & Co., of New York, who are
large hold¬
a
$305,725
148,447
earnings
Working expenses
N.
feeder to the Missouri Pacific of 112 miles from Holden to Le
Roy. The Holden branch is leased from the Missouri Kansas
& Texas road, and will be hereafter
operated by the Missouri
Pacific.
Columbus, Ky., to Cairo, Ill.,
$192,489
December, inclusive
Gross
gards the payment for them. They propose to avail them¬
selves of these rights, and buy the bonds at the rate that
they
were to be paid for
by the agreement of the transfer, this pur¬
chase being possible at an aggregate of about
$500,080 for the
$1,500,000 issued. New bonds secured by the bottom mortgage
of the entire property have been
negotiated to the amount of
$3,500,000, and the corporation has an assured capital of $3,000,000 to complete the construction of the road.
This amount is
said to be ample, and the work will hereafter be
pushed for¬
ward with rapidity.
Missouri Pacific.—This company has taken possession of the
Kansas & Arizona division from Holden to Le
Roy and Ottawa,
Kansas. The branch is fifty-four miles from Holden to
Paoli,
where it connects with the St. Louis Kansas &
Arizona, re¬
cently built by the Missouri Pacific, making an additional
ers
Incrccifi©
$1,398,244
1,048,476
Net
Massachusetts Central.—The Boston Advertiser reports that
the arrangements which have been in progress
by trustees of
the bondholders of this corporation the last four months have
been practically completed, and there appears to be no obsta¬
cle now, so far as finances go, to the completion of the road.
The original charter allowed the company to issue $2,700,000 in
bonds, and of this amount $1,500,000 was issued to holders, who
acquired it for from 20 cents to 60 cents on the dollar of its face
value. All efforts to make any financial arrangement for the
completion ot the road have been prevented by the existence
of the $1,500,000 indebtedness, and some four months
ago a
body of trustees was empowered to arrange for the extinction
of this debt. These trustees now hold all of these bonds, and
have control of them until July 1, with certain
provisos as re¬
Mobile & Alabama Grand
1379
$1,205,755
900,029
Eosed road is to
from
a point
of the
run the bank
on river
the west
shore
[udson River, along
of the
through
Piermont,
Nyack, Haverstraw, West Point, Catskill and Schenectady, and
along the south shore of the Mohawk River to Utica, and by
way of Syracuse to Buffalo. The directors of the new company
are Joseph Pool, President; James B.
Johnson, S. J. Cullen,
Henry Morgan, Hiram Post, Henry L. Bennett and George S*
Studwell, of New York; ex-Govemor John B. Page, Rutland*
Vt.; Daniel D. Warren and Willis Phelps, Springfield, Mass.;,
Theodore J. Little, Morrisania; H. C. Gleason,
Shrewsbury, Vt.,
and Wallace E. Andrews, Cleveland, Ohio.”
Pennsylvania Railroad.—The statement of the business of
all the lines of the Pennsylvania Railroad
Company East of Pitts¬
burg and Erie for January, 1880, as compared with the same
earnings
$585,164
$323,287
$368,320
Nashville Chattanooga & St. Louis. —At a called
meeting of
'
the stockholders in Nashville, Feb. 26, President E.
W. Cole
gave notice that he would resign his position.
Vice-President Newcomb of the Louisville & Nashville
Road,
in an address to the stockholders, said that what had
been the
policy of President Cole must necessarily be the policy of the
new administration.
He suggested that a committee of confer¬
ence be appointed from the stockholders of
the Nashville &
Chattanooga Road and the officers present of the Louisville & month in 1879, shows
An increase in
Nashville Road. A resolution was
earnings of
$540,127
adopted ordering the sale An increase in gross
expenses of
of the St. Louis & Southeastern
193,360
Railway
and also the Owens¬
boro & Nashville Railway. The
An
in
increase
net
meeting then adjourned until
earnings of
;
$346,767
March 30.
All lines west of Pittsburg and Erie for the month of
Janu¬
New Jersey Midland.—The sale of this railroad
ary, 1880, show a
■
finally'took
harles
Feb.
was bought
in behalf
glace
21. Itchairman
of the bondholders
by
Parsons,
of the
reconstruction
committee, for
$2,500,000. The next highest bid of $2,450,000 was made
by
persons interested in the Oswego Midland Road. The control
of the road remains with its
bondholders, but it will, in all
probability, be worked in connection with the New York Lake
Ontario & Western and
eventually be consolidated with it. By
surplus
gain
the
over
liabilities of $305,304, being
a
month in 1879 of $143,577.
Peoria DecatarA Evansville.—Th3 officers of this
railroad,
recently formed by a consolidation of the Pekin Lincoln & De¬
catur and the Decatur & Evansville
roads, give official noticethat they have purchased the Grayville & Mattoon
Railroad,
and propose to issue additional stock to the amount of
$1,500,—
000 to pay for it.
The purchased road has a franchise between
over
same
February
in Illinois after which it
but has been completed only
the two towtis
D3 miles,
ersburg, 71*25
miles.
jglte Commercial jinxes.
is named, a distance of
from Mattoon to Park¬
Reading.—The following is the monthly
-comparative statement of gross receipts, tonnage and passen¬
the month
of January, 1880 and 1879 :
gers of this company forGROSS
RECEIPTS.
COMMERCIAL EP1TOME.
Philadelphia k
,
223
THE CHRONICLE.
28, 1380.]
1879
1880.
Fiscal Year
to date.
Month.
Friday Night, February
There is
.
Fiscal Year speculative
to date.
a
good trade in progress in
confidence in the value of
/
■/
27, 1880.
the regular way, but
leading staples has been
$900,482 $1,711,373 considerably impaired the past week. It is especially notable
Railroad traffic
$1,239,170 $2,504,957
7,770 that an export demand for wheat has been freely met.
29.227 Loss.2,579
Canal traffic
Loss.2,284
105,301
59,33:
144,098
■Steam colliers
75,702
14,359
Loss
20
19,792
Speculation for the advance has been checked on wheat, as it
Richmond coal barges..
3,434
$1,838,870 was recently in cotton, by the freedom with which regular
Total Railroad Co
$1,310,089 $2,758,075 $957,214
1,000,095 holders have offered stocks.
430,054
The money market has been kept
Reading Coal & Iron Co.
590,317 1,396,334
to
Total of all
...$1,900,400 $ 1,155,010 $1,387,209 $2,845,506' easy by the action of the Federal Treasury in
TONNAGE AND PASSENGERS.
make,
for,
bonds
and pay
purchases of
with its surplus revenue.
824,807
451,097
Tons of coal on Railroad
481,110 1,137,300
500,508 The weather begins to indicate the coming on of Spring.
202.391
Tons of merchandise.
400,409
927,000 532,855 1,008,402
Provisions have had a good movement during the week;
Passengers carried
703,413 1,489,910
Month.
continuing
..
Coal
transported
steam
by
colliers
45,501
90,092
3
4,361
78,203
prices have been
variable, though in the main
well sustained ;
the feeling is rather weak—old mess pork quoted
on the spot at $12, new $12 50@$12 75 ; new mess, April,
at $12 50 ; March quoted $12 40 bid ; May $12 35@$12 75
and asked. Lard was dull; new prime western* sold on the
spot at l*70c., closing7*67%c., No. 1 do. 7*35c.;
7*70c, closing 7*67%@7*70c., April 7*72%@7*70c., May 7*77%
reports that
Sylvanus J.
sold
Rochester & State Line
bid
the Union
Trust Company of this city.
It is claimed that the bankruptcy
March sold at
of the road was brought about by certain members of the
Rochester Common Council, who have sought, in a suit against @7*75c., seller year 7*65c.; refined to the Continent was sold at
the principal stockholders, to recover the original first mort¬ 8*05c. Bacon nominal at 7%c. for long clear, and cut meats
gage bonds for $600,000, an investment of the city in an equal
inclined to easy prices. Beef and beef hams unchanged ;
•amount of the railroad stock. It is believed that an early day latter
quoted at $17. Butter of the finer qualities has been
will be appointed for the sale of the road, and that it will pass
fairly taken, but cheese is dull and slightly easier. The latest
into the hands of the Vanderbilt management. This railroad advices (February 18) regarding pork-packing in the West
from Rochester to Salamanca, a distance of about 109 miles. state the number of hogs packed during the week ending that
St. Paul & Sioux City—Omaha k North Nebraska—St. date at 289,921 ; total since Sept. 1, 1879, 6,291,021, against
Paul Stillwater k Taylor’s Falls—Hudson k River Falls.— 7,008,468 that time last season. The following is a comparative
to Feb. 21 Decrease.
:
The St. Paul & Sioux City has acquired possession of the other summary of aggregate exports, from Nov. 1 Increase.
1878-79.
1879-80.
three lines, and the New York Tribune remarks of these: “The
2,509,000
25,718,400
Pork
lbs. 23,208,800
57,398,448
most important is the Omaha & Northern Nebraska, which it is
310,987,472
11)8.253,589,024
20,409,002
130,788,182
Ibs.l 10,319,180
proposed to extend to Sioux City, forming a continuous line Lard
from St. Paul to Omaha. The other lines are the St. Paul Still¬
80,377,050
Total
387,117,004
407,494,054
water & Taylor’s Falls, 23% miles in length, and the Hudson
Rio coffee lias been fairly active at times, but on the whole
& River Falls, 12% miles long. The St. Paul & Sioux City
Company has given notice of its intention to increase its capital there has been but a moderate business at an advance to 15%c.
stock to cover these new lines. On the two short lines stock for fair cargoes, closing, however, dull and nominal at 15%c.;
will be issued at the rate of $10,000 a mile each of preferred mild grades have met with a steady demand, and further
and common stock. The funded debt will remain unchanged. important sales of Maracaibo and Padang have been made, the
On the Omaha & Northern Nebraska Road stock to the same former being quoted at 13%@16%c., and Padang at 21@24c.,
amount will be issued, and bonds amounting to $10,000 a mile according to grade, the market closing weak. Rice has sold
will be placed on it. Of this road sixty-four miles have been less freely, and prices have not been so firm, though no marked
completed. The total issue of new stock will amount to over change has taken place, the range for Carolina at the close
being 6(fip7%c. Foreign molasses has been quiet on tkp spot,
$2,000,000.”
Further, that “ a company of prominent railroad men has owing to scarcity, but considerable business in refining stock, to
secured control of the St. Paul a Sioux City Railroad. This arrive, has been done at 25c. cost and freight for 53 degrees
syndicate is composed of R. P. Flower, David Dows, Josiali M. test, the quotation on the spot being 34c.; New Orleans molasses
i'iske, Heber R. Bishop, Benjamin Brewster, William Schley, has met with a fair demand at firm and essentially unchanged
George I. Seney, Charles J. Osborn, Henry Seibert, Dennis C. prices. Raw sugar has shown more activity of late, with cen¬
Wilcox, M. L. Sykes and Samuel Hawk, of New York ; Philetus trifugal, which has been offered sparingly, quite firm. The close
Sawyer. Wisconsin ; H. H. Porter and William H. Ferry, Chi¬ is higher, with a good demand, on the basis of 7%(0>7%c. for
Mel ado.
Baes.
cago ; R. R. Cable and P. L. Cable, Rock Island; E F. Drake, fair to good refining.
IIluls.
Boxes.
154,004
1,729
A. H. Wilder and J. L. Merriam, St. Paul; and Jacob Humbird,
45,209
Receipts since Feb. 1, 1880
020
432
Cumberland, Md. These persons have bought 40,000 shares, a Sales since„Fcb. 1, 1880
30,855
7,703 192,810
1,549
590,573
38,172
2,228 474,255 0,253
controlling interest in the St. Paul & Sioux City road, for which Stock Fel). 25, 1880
4,598
15,052
they have paid—for the common stock 40 and for the preferred Stock Feb. 20, 1879
Refined sugar closes active and strong at 9%c. for powdered
stock 80. They own, at the same time, a controlling interest
in the Chicago St. Paul & Minneapolis and the North Wisconsin and crushed.
railroads. From these three companies it is proposed to form a
Kentucky tobacco has been more active in the past week,
corporation, which will be called the St. Paul Omaha & owing to the consummation of negotiations to fill Regie con¬
Chicago Railroad Company. The terms of the consolidation tracts. The sales are 1,100 hhds., of which 1,000 for export
have not yet been agreed upon, but it is said by prominent and 100 for home consumption. Lugs are quoted at 4@5%c.,
members of the syndicate that there is no doubt of the union and leaf 6@12c.' Seed leaf, on the contrary, has been compara¬
of the three .companies. The preliminary agreements have been tively quiet, the sales for the week aggregating only 017 cases,
follows: 300 cases 1878 crop Pennsylvania, 10@21c.; 217
•signed, and the completion of the proposed union is simply a
matter of detail.”
cases 1878 crop Ohio, G@llc.; 50 cases 1878 crop New England,
St. Paul Stillwater k Taylor’s Falls.—For the half-year private terms ; and 50 cases sundries, 9@18c. There is no new
ending December 31, 1879, the gross earnings were $18,904, feature in Spanish tobacco, and sales are 700 bales Havana at
80c. @$1 10.
against $11,670 in same time 1878.
Ocean freight room has been much more active, particularly
Texas k Pacific.—The subscription offered to stockholders
charters, both oil and grain ; rates are without marked im¬
for $2,000,000 of the Texas & Pacific Railway Company’s bonds,
for the extension of the road, closed Feb. 19 with $5,641,000 provement, except in the case of berth accommodation, for
which
advance has been paid. The engagements to-day in¬
subscribed. This subscription of $2,000,000 is in addition to the
cluded Grain to Liverpool, by steam, 5%d. 60 lbs.; provisions,
$5,000,000 offered a short time ago. The amount of money 30@*35c.; cotton, %@9-32d.; grain to London, by steam, 5%d,
necessary to complete the road to the Rio Grande, some 700
60 lbs.; grain to Cork, for orders, 3s. 10%d.@4s. l%d.@4s. 3d.,
miles, is now said to be in hand, and it is the intention of the
to lay days; refined petroleum to Antwerp, 2s. 6d.; do. to
company to carry it through to that point within two years.
Bremen (April 1st clearance', 2s. 9d.; do. to the United King¬
Virginia State Debt.—At Richmond, Va., Feb. 21, the Senate, dom, 2s. 9d.; naphtha and refined petroleum to London, 2s.
by a vote of 23 to 17, all the members being present and each 9d.; cases to Calcutta, 22%c.; Kentucky tobacco to Santander,
voting with his party, passed the Debt Bill agreed upon by the 27s.; grain from New London to Cork for orders, 5s.—a new
Read luster caucus, and put forth under the patronage of Sen¬ feature in the freight market.
ator Riddlebarger.
The bill reduces the principal of the State
Naval stores have shown considerable firmness, for spirits tur¬
•debt to about $20,000,000 and the interest to 3 per cent, the
pentine
particularly ; a fair business has been done ; strained to
bonds to be taxable and coupons not receivable for taxes.
good
strained
rosins were quoted at $1 45@$1 55 ; spirits tur¬
Bat when this bill came up in the House of Delegates Feb.
pentine, 47c. Petroleum was still in fair export sale at 7%c.
26, Mr. Ross Hamilton, a Republican, offered a substitute pro¬ for refined in bbls. United certificates have latterly been more
viding that the principal of the debt be recognized at the snm steady and active, closing at 96%c. bidand 97%c. asked. Metals
fixed in Mr. McCulloch’s bill—about $32,000,000—and that
now quiet, and in several instances quite a weak feeling has
upon it 3 per cent per annum be paid, and that the new been noticed, especially for American and Scotch pig irons, the
bonds be exempted from all taxation in Virginia and the cou¬ arrivals of the latter being heavy and inclined to weigh down
pons be receivable for all taxes except such as go into the the general market. Ingot copper is quiet at 24c. for Lake.
school fund. The bill and substitute were laid over for debate.
Rochester & State
Line.—The New York Times
Saturday an order was granted appointing
Macy, of Rochester, receiver of the
Railway Company. The application was made by
•on
at the close
were
runs
Bacon
new
as
an
:
as
are
224
THE
CHRONICLE-
COTTON.
Friday, P. M., February 27, 1880.
The Movement of the Crop, as indicated
by our telegrams
from tlie South to-night, is given
below. For the week ending
this evening (Feb. 27), the total receipts
have reached 102,995
bales, against 115,807 bales last week, 119,854 bales the previous
week, and 112,363 bales three weeks since, making the total
receipts since the 1st of September, 1879, 4,201,820 bale3, against
3,836,564 bales for the same period of 1878-9, showing an increase
since September 1, 1879, of 365,256 bales. The details of the
receipts for this week (as per telegraph) and for the corresponding
weeks of four
previous
Receipts this w’k
1880.
at
follows:
years are as
j
1379.
1878.
1877.
1876.
[Vol. XXX.
The speculation in cotton has been
but the course of values has been
active tli9
past week,
extremely variable, reflecting
some manipulation.
Saturday was quite depressed by the in
creased movement of the crop.
Monday was a holiday. Tuesday
opened weak, but towards the close there was a sharp advance
for this crop, the next
improving slightly; the receipts at the
ports had not been so large as was anticipated, and consequently
there was active buying to cover contracts.
Wednesday, prices
again declined, the early months dropping to about the closing
figures of Saturday, and considerably increasing the range
between Spring and Summer deliveries.
Yesterday prices further
gave way under dull foreign advices and a free movement of the
crop.
To-day there was, under dull foreign advices and a full
more
0.001509342.657.24191..3200
New Orleans
45,1S6
4,831
40,353
7,505
38,016;
30,338
7,907'
Charleston
5,330
5,602
6,436
3,707
4,343
Port Royal, <fcc
Bavannah
1,424
479
098
204
12,550
8,513
13,592
11,362
3,530
0,059
Mobile
Galveston
9,700
]
Indianola, <fcc
Tennessee, <fcc
52
302
25
73
10,891
12,195
10,178
20G
12,978
1,609
228
300
1,107
2,610
10,843
815
7,983
2,401
3,400
5,8S0
1,947
6,018
1,362
102,995
110,047
Florida.
North Carolina
Norfolk
7,057
City Point, &c
1,019
37,051
9,506
3,S23
...
94,3 49
7,753
502
63,015
86,215
The exports
for the week ending this evening reach a total of
106,569 bales, of which 58,991 were to Great Britain, 18,445 to
France, and 29,133 to rest of the Continent, while the stocks as
made up this evening are now 965,486 bales.
Below are the
stocks and exports for the week, and also for the
corresponding
Week
ending
Feb.
season.
total sales foot up
27.
Great
Britain.
Conti¬
France.
nent.
N. OrTne
29,100
Mobile..
4,050
Charl’t’n
Bavan’h.
2,055
3,100
Galv’t’n-
6.209
1,233
N. York.
7.323
845
Norfolk-
14,974
11,212
6,430
3,390
....
Same
Week
1879.
55,310,
‘
1880.
1879.
1,259
1,259
2,009
9,103
29,133
106,569
113,333 965,436 796,906
3.471
7,091
STOCK.
73,742 345,114 358,452
2,476 51,332 43,676
4,413 47,724 36,200
17,474 60,458 63,602
2,497 70,644 67,515
2,034 294,449 172,731
-6,830 30; 715. 426,730
8,867 65,000 28,000
10,48o|
5,945
2,200
....
Other'..
Total
this
Week.
....
8,771!
7,497|
8,168;
Tot. this
"58,991
18,445
Mon Toes
Strict Old.. 1134
Good Ord.. 12316
Str. G’d Ord 12*16
Low Midd'g 12%
Str. L’wMid 1215,6
£
c
The exports this week u nder the head of “ other
ports” include, from Bal¬
timore, 4.151 bales to Liverpool and 2.009 hales to Continent; from
Boston,
1,071 bales Seu Island to Liverpool ; from Philadelphia, 1.932 bales to
Liverpool.
to-night also give
us the following amounts of cotton
on shipboard, not cleared, at
the ports named.
We add also similar figures for New York,
which are prepared for our
special use by Messrs. Carev, Yale A
Lambert, 60 Beaver
street:
Liver¬
14-8
Th.
Ordin’y.^lb 113s
New* Orleans.
!
42.452
Mobile
!
I
21.150
4.800
4,970
0.400
2,800
j
!
i
Total
1.500
945
13,800
7,000
None.
None.
12.107
1.000
1.000
83,373
30.087
78,323
4.050
Stock.
Total.
102,494
242,620
9,600
41,782
29.422
3,000
11,000
283.799
84,715
7.186
199,469
766,017
18,302
23,500
36,958
41,721
28,923
*5,050
*
Included in iliis amount tbeie are
the destination of which we cannot learn.
bales at presses
for foreign port?,
following is
cotton at all the
our usual table showing the movement of
ports from Sept. 1 to Feb. 20, the latest mail dates:
RECEIPTS SINCE
SEPT.
JPobts.
1879.
\
1.
1878.
Great
Britain.
■_
%
f Other
j
12,033 174,343
408,556
490,587
Jf. York
Florida
M. Car.
138,238
18,929
151,958',
115.448
45,832
120,485
209,800
BTorTk*
Other..
605,707
216,836
Fair
13°i6
139.6
141.6
1413.6
14%
_
*
.
19,764 27,386
17,756; 36,919
Stock.
T<>taL
844,356 359,097
i|
61,53
61.152
262,924; 49,643
22,668
142,197
8,427
1,479
3.318
14,514
31,095]
' 6,876
186,837j 29,44L
156,741
54,500
]1576.226 236.610 541.066 2353.902
978.125
3726,517 1413.380 331,813 626,799 2371,992
821,747
15
Fri.
12 %
12%
1213.6 1213,0
1314
13%
13%
1414
133.6 13%
13716 13%
1311.6 1334
143.6 .14%
1415.6 15
day.
113,6
13%
1334
14%
15
Th.
117.6
111316
12%
12%
Fri,
11*16
H1*16
12%
12%
133.6
137i6
1311.6
143.6
1415.6
Mon Tues Wed
noli-
13%
W
li%6
1213.6
131.6 ir- 13
13
12%
131.6
©
11%
13
U%8
11*5,6
12%
3
r-*»
Wed
13316
15
125.6
129.6
£
1113.6 1113.6 11%
12%
12%
125.6
1211,6
Til.
113.6 11%
133.6
13*16
1311.6
143.6
1415.6
Fri.
11%
lU5lO 1115.6 11%
12%
12%
11%
123,6 123,6
11211,6 1211,6 1250
SALES OF SPOT AND TRANSIT.
SPOT MARKET
CLOSED.
Ex-
Mon
Tues. Dull and easy...
Wed
Steady
Thiirs Dali at
Fri.
Steady
Spee- Tran¬
....j 180
Holiday.
.
Con-
port. sump. ul’t’n
Sat.. Nominal
i,6dec...
200,
...J
....
....(
Total
364
1258
on w
hich thev
are
FUTURES.
Total.
....
19
078
382
455
daily deliveries given above
sit.
....
....
Deliv¬
eries.
Sales.
180 129,800
500
583 209,100
400
078 101,800
382 170,200
93,300
2.278 709,200
2,000
455
—
19
are
....
400
400
300
-
200! 2,059
actually delivered the day pre¬
reported.
For forward delivery the sales have reached
during the week
769,203 bales (all middling or on the basis of middling), and the
following is
For
Bales.
800
a statement of the sales and
Bales.
February.
Ct°. Bales.
Cts.
1290
2,500
12-91
100.
9)0....,
1O0.
900..
2 0
12 93
12’94
12-9?
12-98
12-99
,1300
700
1301
.
1304
.1305
...
12,400
9,001
12,600
12 99
1300
13-01
1302
13 03
13"94
5,200
2,000..
13 05
!306
1307
1308
130A
1310
13 11
1,600
300
400
2,900
500..
11,000
For March.
1,100'f. n
12-86
12-*6
1,100
.1287
1,800.
200 g.D. let.12-88
3,800.
12:88
1,400 g. n ...10-89
700 g.D. lgt 12-89
1,600 g.D.2d.. 12*89
2,40*)
.12'^9
...
...
...
346,826; 64,149
3
99,108j 70,404
264,481,282,863
15
11%
11%
MARKET AND SALES.
1.100
Under the head of CKirU^ton is included Port
Royal, &e.; under the head of
i+aU&tton is inclu led Indianola. &c.; under the
head of Norfout is included City
Point, &c.
a>.
Th.
13%
13%
14%
13%
13%
13%
14%
117J6 11*16
Sat.
Middling...
..
XX) e. 0
12 90
800 g.U. It 1290
200 <.n.M .12 90
.
6,000.
20*)
..
s. n
200 g.D.
4,50).
12-80
1201
'st.l*-9l
...
300
?.
a
3,700....
3,700
3,800
2 BOO
5,2-0
5,400
8,100.
...
134,700
For April.
900
13-10
8,400
...
5,10*)
6,0 0
12,500
12,800
18,300.,..
10,600
12,800
11,990
5.900
10,900
16,500.
17,300
4,500
8,900
...
Laet year....
13°i6
139.6
141.6
1413.6
fti-rift CUtru\ Ordinarv.
Liw Middling
.
450,993; 182,040
123.448
!
France. Foreign,
6,7911
This yr. 4098,825
11%
131.6 131.6
Good Mid.. 1338
Str. G’d Mid 1358
1,800
EXPORTED 6INCE SEPT. 1 TO—
N.Orlus 1196,331 j
948.970; 535,273 166,123 142,960
Mobile. 317,722 317,401
50,343!
4,400
Char’n*, 432.875; 478,296! 121,491; 12,664 128,769
Bav'h.. 66 4,930; 635,057! 160,450
95.695
Wed
Mon. Tnes
11%
11%
13%
B
15
115.6 115.6
Middling... 13%
The
85
None.
125
1,800
2,170
None.
©
11 78
Strict Ord. 1134
Good Ord.. 12316 1218
1218
120.6
Str. G’d Ord 127i6 1238
1238
129.6
Low Midd’g 12%
12Hl6 12“16 1278
Str. L’wMid 121516 12%
1278
131.6
vious to that
33.301
2,000
9,515
3,636
13,695
Coast¬
wise.
Foreign
•
35
1314
131$
13%
1414
Sat.
12%e 12o,g
129.6 129.6
127a
127s
131.6 131.6
a
12 78
Fri.
.
Leaving
Other
France.
pool.
)
12°ie
129.6
135s
1418
14%
.
On Shipboard, not cleared—for
Charleston
Bavannah
Galveston
New York
Other poils
123.6
12*16
iije
1338
..
From the foregoing statement it will be seen
that, compared
with the corresponding week of last
season, there is a deer ewe
in the exports this week of 11,761 bales, while the stocks
to-night
are 168.580 bales more than
they were at this time a year ago.
In addition to above exports, our
telegrams
j
11%
1178
Good Ordinary
*
Flu. 27, at—
11%
1318
i
TEXAS.
Mon Tnes
1215.6 131.6
f—*
Wed
Sat.
1138
11%
12%
Good Mid
1338
Str. G’d Mid 135s
Midd’g Fair 14*8
Fair
NEW ORLEANS.
STAINED.
Bept. 1.. 1635,217 255,055 570,199 2460,471 2490.325
Galv.*.
Sat.
Ordin’y.$tt> 113Q
‘
JCot-si^pe
The
UPLANDS.
Feb. 21 to
Feb. 27.
Midd’g Fair 1418
week..
has
this week 2,278 bales, including 200 for export,,
Middling... 13%
EXPORTED TO—
the spot
on
2,059 for consumption, 19 for speculation, and
in transit. Of
the above,
bales were to arrive. The following tables show
the official quotations and sales for each day of the past weekr
Total since Sept. 1. 4,201,820 13,836,504 3,579,054 3,571,507
.3,491,142
week of last
Cotton
export, and the quantity
5,193 taken for home consumption only moderate.
There was no
7,933. change in quotations until yesterday, when a reduction of 1-16c.
was made.
202
To-day prices remained the same, nominally, mid¬
dling
uplauds closing at 13-lGc.
12,260
The total sales for lor ward delivery for the week are
115
769,200
For immediate delivery the
1,595 bales, including .— free on board.
282
'
Total this week
crop movement, some further decline.
been quiet, with much less doing for
...
.12-92
12-93
...12-94
12-95
12-96
12-97
12-93
11,900
8,900
7,10*)
2,300
2,000
800
200
...1312
...1313
...13*14
...1315
Bales.
Ots.
1,300
13-32
9,300..
7,000.
13-33
1334
12,300
5,800
3.400
10,800
13-50
13-60
For May.
700
13-32
7,70)
13 33
1,809
3,700
4,600
218,200
5,700
10,100
26,500
21,400
25,700
13-34
1335
13-36
13-37
13-33
18.0)0
13-39
.13-40
16.700...
12,400
8,600
4,200
10,300
9,500
7,50)
300
1,600
3,900....
1322
L3"24
....13 20
...13 26
....13-27
...13-2)
...13-30
...1331
200
100
200
500
.13-46
..
.13-49
For June.
2,200
1,700
9 B00.
15,800
13-70
13-72
13'73
13-74
13-75
For July,
13-62
1,100.
13-63
300.,
..13-64
1.000
13-65
3,000
2,409
235,700
1,500
13 63
.....13-64
13-65
13 66
..
13-67
13-63
13-69
500
300
4.300
6,200
13-61
13-62
98,200
21,100
...1319
...13-23
1,200
7,600
13,300.
1,200
..
:
Cts.
...1317
...13*18
....
prices
•
13-66
13-67
...1868
18-69
13-70
300
18-71
3,700
13-72
3,700
13 73
100......... 13-74
400
13-75
700
13-76
13*77
700
13-78
100
13-19
500
18-80
2o.8)'
008.13
February
Bales.
500
For August.
Bales.
Cts.
200
13-71
700
13-72
1,600
2,800
3,400
1,800
1,800
1,800
13-73
13-74
13-75
13-76
18-77
13-78
13-79
13-81
200
2,100
1,500
13-82
200.
100
100
13-83
flOO.,rTT. ...13-84
300
13-85
800
13-80
13-87
13-88
13-89
1,200
13-93
000
200
13-82
13-86
13-37
13-40
13*40
12-39
The followin
*63 pd. to exch.
■44 pd.
'22 pd.
•73 pd.
*43 pd.
to exch.
to exch.
to exch.
to exch.
12-47
12-48
12-49
12-50
12-18
12-19
1220
1222
Cts.
3,900
For December.
£00
12 05
200
12 07
300
12 08
100
12-10
400
..12 19
12-52
12-53
12 57
12-59
1,300
For January.
100
1215
100
.12-20
12 14 ~200
during the week
:
‘44 pd. to exch.
March for June.
•21
*22
*23
400 March for May.
1,000 March for April.
100 March, for July.
100 March for May.
pd.
pd.
pd.
*46 pd.
to
to
to
to
600 March for May.
exch. 200 March for April.
exch. 300 March for April.
exch. 300 March for April.
exch. 300 March for May.
Futures
Saturday.
Monday.
Tuesday.
Market.
Depressed.
Holiday.
Firmer.
I/y*o.
Closing.
For
Bid. Ask
High.
Feb’rv. 1305-12-97 12-96
March. 1308-12-96 12-96
April... 13-28-13-16 1317
13-50-13-36 13-37
May
June... 13-68-13-56 13-57
July... 13-77-13*66 13-66
August. 13-8713-73 13-74
13-25
Sept’br.
October 12-57-12-48 12-47
Nov’ber 12-22-1217 1217
-—
Dec’ber
Tr. ord.
1300
Closed
Easy.
...
—
—
.
—
—
.
—
97
IS
38
—
67
—
For
Closing.
Bid. Ask
Low.
—
.
—
■—
—
—
-
—
—
—
—
.
—
—
—
—
.
—
—
—
_
—.
—
—
—
—
—
76
30
49
19
Day.
_
—
—
-
—
—
_
—
—
•
—
—
—
_
—
—
—
.
—
—
—
_
—
—
—
—
—i
—
—
Thursday.
Friday.
Lower.
Weak.
Day.
High. Loio.
Feb’ry. 13 04-12-97
1311-12 97
March
April... 13-28-13-20
May ... 13 49-13-41
Juue... 13-69-13-61
July... 13-79-13-72
August. 13-87-13-80
Sept... 13-37-13-30
October 12-53-12-47
—
1310
Firm.
Lower.
For
For
Closing.
Day.
Bid. Ask High.
Closing.
Day.
As
we
did not have the record of the
—
.
bales
Continental stocks
American afloat to Europe....
United States stock
United States interior stocks..
United States exports to-day..
Egypt,.Brazil, &c
.,
Total visible supply
13-39-13-33 13-37
13-59-13-54 13-58
13-6913-65 13^68
13-77-13-74 13-76
13-27-13-25 13-29
12 -13-12-41 12-42
12-15-12*14 12*13
12-08-12-05
12-05
—
—
69
—
31
45
15
—
1880.
511.000
1879.
1878.
1877.
516,000
29,655
58,500
662,000
11,500
895,000
32,500
540,655
43,670
1,182
18,784
574,500
150,500
927,500
156,750
19,500
673.500
235,000
5,000
32,000
7.500
35,250
12.500
19.620
25,400
1,002
5,500
21,000
42,750
8,500
29,750
600
3,500
7,250
47.750
65.500
10,000
6.750
2,417
6,000
5,500
10,750
Total continental porta....
115,675
200,250
368,500
372.500
Total European stocks.. ..
India cotton afloat for JEurope.
Amer’n cotton afloat for Eur’pe
656,330
834,750 1,042,000 L.300,000
105,000
137.000
169,000
655,000
540,000
604,000
22,000
42,000
38,000
796,906
814,781
S72.495
101,285
120,512
101.075
18,000
51,000
5,000
bales
Total Great Britain stook
Stock at Havre
Stock at Marseilles
*
Stock at Barcelona
Stock at Hamburg—
Stock at Bremen
Stock at Amsterdam
.'
Stock at Rotterdam
Stock at Antwerp
Stock at other conti’ntal ports.
.
Egypt,Brazil,&c.,afltforE’r,pe
Stock tn United States ports ..
Stock in U. S. interior porta,..
United States exports to-day..
3.000
118.763
510,728
46,335
965,486
179,593
16,000
*
3,000
11.250
3,500
59.000
Receipts Shipjn’ts
Of the above, the totals of American and other descriptions are os
follows:
A mcnean—
Liverpool stock
Continental stocks
American afloat for Europe....
United States stock
United States interior stocks..
UuitedStates exports to-day.,
Total American
East Indian, Brasil, the.—
Columbus, Ga....
Macon, Ga
Montgomery, Ala
London stock
Egypt, Brazil, Ac., afloat..
.
Total East India, &0
Total American
51,000
118,703
46,335
126,000
58,500
38,250
105,000
22,000
157,000
11.500
51.500
137,000
42,000
336,428
349,750
399,000
12.675
Continental stocks
India afloat for Europe
505,000
317,000
540,000
814,781
120,512
592,000
287,00
604.00
872,495
101.075
5,000
303,000
32.500
85.500
169,000
38,000
628,000
2,156,807 2,186,191 2,348,293 2,461,570
Total visible supply
2,493,235 2,535,941 2,747,293 3,089.570
75ia«t
S3*!*
6lisd.
6Ulfld,
Stock.
Receipts Shipm’ts Stock.
2,855
2,484
198
232
1,437
2,487
14,536
15,70 a
3,646
*8,012
2,461
1,119
1,963
939
290
1
i
1,794
409
2,200
16,220
9,351
3,513
5,152
593
1,132
5.061 [
658
1,167
4,267
18,763
1,855
’118,550!
15,160
16,962
14,0S3
985
or 2
58,051
7,725
29,808 179,593
22,089
..
..
Vicksburg, Miss.
Columbus, Miss..
24,930 104,285
465
450
3,552
3,474
3,292
3,359
342
316
131
601
323
876
l.lti
1,011
1,098
594
804
860
7,942
9,708
28,235
7,667
66,153
521
826
1,552
3,433
3,480
570
980
3,100
5,446
4,706
409
361
256
238
475
482
1,193
1,139
1,495
3,494
4,224
1,537
2,666
1,343
5,175
2,729
750
352
689
11,805
6,112
2,308
3,322
1,157
13,391
5,017
1,346
8,691
5,431
10,635
77,708
4,931
10,911
7,168
8,218
l,lf§
6,732
Total, new p’rts
24,600
27,760 137,379
29,611
33,994
Total, all
47,456
57,568 316,972
51.700
58,924 170,438
*
Actual count to-day (27th).
1 Of which 225 by recount. :
t Actual count, of which it is
sold but not yet moved.
estimated that 25,000 bales have been
The above totals show that- the old interior stocks have
decreased during the week 6,952 bales, and are to-night 75,308
bales more than at the same period last year.
The receipts at the
«ame towns have been 767 bales more than the same week last
year.
Receipts from the Plantations.—1The
following table is
prepared for the purpose of indicating the actual movement each
week from the plantations.
Receipts at the outports are some¬
times 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 FROM PLANTATIONS.
ending—
Oot. 31....
Nov. 7....
14....
81....
88....
Deo.
5....
12....
19....
Jan.
“
8...
9...
“
10
“
83...
“
30...
a...
18...
80...
27..
Feb.
*
*
Price Mid. Upl., Liverpool....
Week ending Feb. 28,’79
Memphis, Tenn.. tl6,351
Selma, Ala
2,156,807 2,186,191 2,348,293 2,461,570
129,000
29,655
Liverpool stock
390,000
222,000
655,000
796,906
104,285
18,000
303,000
32.500
85.500
169,000
38,000
*
1,791
1,158
Augusta, Ga
Week
Total visible supply........ 2,493,235 2,535,941 2.747,293 3.0-9.570
382,000
103,000
510,728
963,486
179.593
16,000
51.500
137,000
42,000
Week ending Feb. 27, *80.
Eufaula, Ala
Griffin, Ga
Atlanta, Ga
Rome, Ga.
Charlotte, N. C..
St. Louis, Mo—
Cincinnati, 0....
Stock at Liverpool
Stock at London..
38,250
105,000
22,000
11.500
5*
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 ye this Week’s returns, and consequently
brought down to Thursday evening; hence, to make the total’s
the complete figures for to-night (Feb. 27), we add the item of
exports from the United States, including in it the exports of
Friday only.
—
Closed.
-
157,000
statement:
907
500
2,164
12-95
126,000
58,500
2,630,614 2,602,094 2,837,716 3,161,673
Dallas,Texas..
Jefferson, Tex.esJ
8hreveport, La
13 00
—
2,294,186 2,252,344 2,438,716 2,533,673
figures indicate
increase in the cotton in sight to-night
of 28,520 bales as compared with the same date of 1879, a
decrease of 207,102 bales as compared with the corresponding date
of 1878, and a decrease of 531,059 bales as compared with 1877.
At the Interior 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
Steady.
Steady.
Quiet, firm.
January sold at 12-20. Short notices for March: Thursday, 12-86®
12-92; Friday, 12‘88® 12*91.
The Visible Supply of Cotton, as made up by cable and
—
—
16,000
These
22,856
.
—
1877.
592,000
287,000
604,000
872,495
173,178
5,000
336,428
349,750
399,000
628,000
2,294,186 2,252,344 2,438,716 2,533,673
Total American
Total, old ports.
Dec’ber
Tr. ord.
—
1878.
505,000
317,000
540,000
814,781
210,935
51,000
510,728
afle
1,328
—
—
1879.
390,000
222,000
655,000
796,906
170,438
18,000
129,000
29,655
12,675
118,763
46,335
Nashville, Teun..
—
1880.
382,000
103,000
965,486
316,972
uropt
Closing
94 12-9312-90 12 91 —
17 1316-1311 1314 15
60
70
79
29
45
19
interior towns for the
could not make a comparison in any other way.
difficulty no longer exists, and we therefore make the fol¬
lowing comparison, which includes the stocks at the 19 towns
given weekly in our table of interior stocks instead of only the
old 7 towns.
\Ye shall ^continue this double statement for a
time but finally shall simply substitute the 19 towns for the 7
towns in the preceding table.
Hlph. Loio. Bid. Ask
94 12-91-12 90 12-91 —
—
original interior towns.
new
four years, we
Bid. Ask
Loio.
-12 91 1^-93
12-98 — 12-9812-86 1^93
13 20 21 13-20-1309 13T6
13-42 43 13-42-13-32 13-39
13-62 — 13-61-13-52 13-59
13-72 73 13*72-13-62 13-69
13-80 82 13-81-13-72 13-77
13-30 33 13-29-13-25 13-26
12-46 48 12-4312-39 12-42
Nov.... 12-2012-18 12-17 20 12-14-1208 12-15
12-97 99
For
included the interior stocks at the 7
Closing.
Wednesday.
Market.
date of 1878, and a decrease of 596,335 bales as compared with 1877.
In the preceding visible supply table we have heretofore only
Total American
East Indian, Brasil, <£c.—
13-80-13-66 13-83 84
13-94-13-74 13-92 93
13-4613-30 13*44 48
13-5913-43 12-55 60
-1215 12-23 28
12-19-12-10
.
utures
figures indicate a decrease in the cotton in sight to¬
night of 42,706 bales as compared with the same date of 1879
a decrease of 254,058 bales as
compared with the corresponding
American—
High. Lmc. Bid. Ask
13-01-12-93 13 07 C8
1311-12*93 1309 —
13-34-1314 13-32 33
13-55-13-36 13*53 54
13-75-13*55 13-73 74
—
—
Day.
The above
Liverpool stock
The following will show the range of prices paid for futures,
and the closing bid and asked at 3 o’clock, P. M., on each day in
the past week.
For Day.
225
That
1,300
have been made
1
200...
For November.
12*01
200
300
1213
For October,
200
12-17
500
600
100
5,800
3,800
i
18*15
100
12 44
12-45
12-40
700
400
200
300
100
800
80"
800
200
200
13-31
Bales.
400
12-43
200
400..........13-21
700
18-27
100
13-29
300
13-80
1,000
Cts.
12-41
12*42
1,000
For September.
400
13-25
13-80
200
Bales.
80
100
Cts.
13-94
30,000
1,400.
2,000
THE CHRONICLE.
28, 1880.J
“
..
Receipts at thd Porta. Stock at Inter’r Ports Reo’ptafrom Plant’ns
1877-78 1878-79
1879-&0
177,336 157,280
198,770 183,874
194,571 170,004
800,980 181,370
178,210 184,025
174,365 220,748
802,805 220,891
231,594 804,882
884,034 199,981
105,755 143,155
148,099 121,091
153,727 113,018
101,059 148,048
159,180 107,097
137,138 171,608
180,090 150,841
109,736 134,328
245,613 105,814 115,034
225,081 120,620 149,496
220,216 133,403 174,583
318,408 136,941 188,491
849,152 157,088 205,912
210,167 169,073 236.280
834,876 185,665 259,120
218,90? 226,559 280,957
207,001 261,876 294.281
154,300 253,239 281,634
149,480 236,293 253,647
129,489 237,380 233,236
168,280 242,013 218,585
187,191 244,494 220,985
118,303 240,708 814,117
110,854 233,103 190,765
115,30? 826,085 182,246
1877-78 1878-79 1879-80 1877-78 1878-79 1879-80
115,735
133,905
187,126
218,998
264,183
287,109
317,468
343,503
364,926
355,943
349,859
352,383
202,776
219,582
200,354
205,518
192,357
186,356
219,39?
279,488
259,951
157,118
125,153
151,814
358,074 108,692
301,8801101,007
357,910 133,352
345,975 112,485
327,084 103,318
94.340 110.047 103 «05 210 035 175 438 810.972
174,427
217,838
201,089
105,284
202,046
251,116
243,140
226,710
213,305
130,508
93.104
93,202
133,997
169,447
i04,79O
835,355
243A57
278,431
250,280
294,339
289,003
265,835
244,948
229,024
145,823
143,402
192.013
173.971
140,907
109.800
127,480 107,018
125.800 9M1B
78 ««« 09 flftW OOOS*
THE CHRONICLE.
226
[VOL. XXX,
The above statement shows—
from the plantations since Sept 1 in
1879-80 were 4,511,491 bales; in 1878-79 were 4,001,350 bales; in
1877-78 were 3,773,507 bales.
2. That although the receipts at the out ports the past week
were 102,995 bales, the actual movement from plantations was
only 92,£83 bales, the balance being drawn from stocks at the
1. That the total receipts
interior ports.
same
week
were
Last
year
the receipts from the plantations for the
bales.
98,239 bales, and for 1878 they were 78,599
Weather Reports by
Telegraph.—There have been slight
showers in almost all sections of the South the past week, but
nowhere has any great amount of rain fallen.
In parts of Texas
they are still needing rain very badly.
The temperature has
Spring-like.
Galveston, Texas.—We have had drizzles on three days the
past week, the rainfall reaching sixteen hundredths of an inch,
but they were not enough to do much good, and we are needing
more rain dreadfully.
We have nearly despaired. Farmers are
generally planting corn. The thermometer has averaged 65, the
highest being 73, and the lowest 54.
Indianoia, Texas.—There have been light showers on three
days of the week, with a rainfall of seventeen hundredths of an
inch.
Average thermometer 65, highest 78, and lowest 52. The
ground is in good condition, and Spring is opening early. Much
corn and some cotton have been already put in the ground, and
planting is making good progress. We have thus far this season
had good rains, while eastward and northeast of here there has
this year been almost no rain.
Corsicana, Texas.—It has rained during the week on one day
(a shower), and we are needing more, but not badly. Farm
work is active. The thermometer has ranged from 45 to 82, aver¬
aging 63, and the rainfall has reached twelve hundredths of an
been
inch.
it
New Orleans..
.Below
Memphis
.Above
Vieksbura
New Orleans
each port
Feet. Inch4
19
19
14
33
1
10
O
2
11
reported below high-water mark of 1871 until
each day of the week ending to-night.
PORT RECEIPTS FROM
New
Or¬
of
we’k leans.
D’ye
Mo¬
bile.
SATURDAY, FEB. 21,
Tuee
1,789
137
607
Wed
5,667
772
763
2,517
Thur
15,709
289
553
Fri..
3,350
2,025
623
1,131
1,848
45.186
4.S31
Mon
Tot
.
7,817
199
1.621
1,409
1,163
5.330 12,550
’80. TO FRIDAY, FEB. 27, ’80.
Nor¬
folk.
Char¬ Savan¬ Galleston. nah. vest’n.
2,511
2,291
2,252
Sat. 10,854
Wil¬
All
ming¬ others.
enough to do much good, and we need more rain very
Small grain crops are suffering.
Farm work is pro¬
Sept’mb’r
Year
1879.
1878.
Tot; 1.
ton.
1,659
2,657
2,551
75
1,487
2,379
26
942
1,631
1,761
1,576
1,284
1,289
217
1,432
1,363
1,015
2,231
4,093
1,512
3,600
9,760 10,84.'
134
123
55
630
20,960*
18,684
10,628
16,954
21,964
13,805-
13,865 102,995*
The movement each month since Sept. 1 has been as
Dallas, Texas.—We have had one shower the past week, but
much.
Feb. 27, 79„
Sept. 9, 1874, when the zero of gauge was changed to high-water¬
mark of April 15 and 16, 1874, which is 6-10ths of a foot above*
1871, or 16 feet above low-water mark at that point.
Comparative Port Receipts and Daily Crop Movement.—
A comparison of the port movement by weeks is not accurate,
as the weeks in different years do not end ou the same day of the
month.
We have consequently added to our other standing
tables a daily and monthly statement, that the reader may con¬
stantly have before him the data for seeing the exact relative*
movement for the years named.
First we give the receipts At
Monthly
Receipts.
was
Above
Above
Above
Nashville
Shreveport....
Feb. 26, ’80.
Feet. Inch.
10
3
high-watermark..
5
low-water mark... 32
14
10
low-water mark...
9
8
low-water mark...
5
low-water mark... 37
follows:
Beginning September 1.
1876.
1877.
1875.
1874.
not
333,643
888,492
288,848
689,264
20,354
23,729
236,863
675,260
901,392
169,077
610,316
740,116
821,177
637,067
134,376
536,968676,295
759,03#
444,052
8.
28,011
25,716
15,818
17,034
16,721
19,076
21,174
98,491
578,533
822,493
gressing, however, despite the drought. The thermometer has
averaged 63, with a range of 45 to 82. The rainfall has reached Novemb’i 942,272 779.237
787,769
900,119
Decemb’r
956,464
893,664
thirty-five hundredths of an inch.
500,680
689,610
618,727
Brenham, Texas.—Telegram not received.
647,140
January
New Orleans, Louisiana.—Rain has fallen during the week on
Tot. year
{,768,011 3,2G9,740 3,039,24G 3,101,96 2,977,753 2,550,727
three days, to a depth of twelve hundredths of an i^ch. The
Perc’tage
of
tot. por
thermometer has averaged 65.
72-94
7105
76-82
71*08
73-52
receipts Jan. 31..
Shreveport, Louisiana.—The weather during the past week
has been dry and pbasant.
This statement shows that up to Jan. 31 the receips at theAverage thermometer 59, highest
76, and lowest 42. The rainfall is six hundredths of an inch. ports this year were 498,271 bales more than in 1878-79 and
Cotton is coming in slowly.
678,765 bales more than at the same time in 1877-78
By adding"
Vicksburg, Mississippi.—It has rained at this point on one day to the above totals to Jan. 31 the daily receipts since that time, weshall be able to reach an exact comparison of the movement for
during the past week.
Columbus, Mississippi.— It has rained during the week on two the different years.
days, the rainfall reaching one inch and forty-ot e hundredths.
1875-76. 1874-75*
Average thermometer 59, highest 72, and lowest 46.
1879-80. 1878-79. 1877-78. 1876-77.
Little Rock, Arkansas.—Saturday and Monday last were'clear,
but tLe remainder of the week Las been cloudy, with light rains Tot. Jn.31 3,768,011 3,269,740 3,089.246 3,101,969 2,977,753 2,550,727
23,468
11,093
20,601
S.
28,495
36,304
on Friday and Wednesday.
The thermometer has averaged 53, Feb. 1....
20.117
22,4.87
17,152
8.
19,795
2....
22,580
with an extreme range of 35 to 72.
The rainfall for the week is
October..
‘
44
inch.
Nashville, Tennessee.—It has rained
44
sixteen hundreths of an
the rainfall
four days the past week,
4....
15,208
38,564
35,541
8.
reaching ninety-nine hundredths of an inch.' The
averaged 51, the highest being 69 and the
44
5....
15,582
23,999
20,000
23,378
“
7....
21,929
11,289
25,634
“
8....
8.
21,175
22,343
16,653
22,806
28,732
25,353
17,146
“
9....
34,438
12,915
18,057
17,632
25,523
20,967
8.
15,106
31,476
19,174
8.
19,637
25,768
15,706
26,965
8.
22,370
23.261
29,647
21,048
29,598
16,652
24,479
8.
11,948
27.614
8.
8.
20,075
14,80(
19,886
13,249
33,559
28,820
11,730
19,408
24,159
20,474
19,536
11,673
18,047
16,948
16,081
30,281
16,474
14,837
14,650
8.
16,235
12,079
24,471
12,974
15,928
11,581
16,112
on
thermometer has
lowest 2 7.
Memphis, Ternlessee.—We have had rain on four days during
the rainfall reaching thirty-one hundredths of an
inch. Average thermometer 54, highest 74 and lowest 33.
Mobile, Alabama.—It has been showery two days, the rainfall
reaching ten hundredths of an inch, but the rest of the week has
been pleasant.
'The thermometer has ranged from 40 to 76,
averaging 59.
Montgomery, Alabama.—There has been rain at this place on
three days of the past week, with a rainfall of sixty hundredths
of an inch.
Average thermometer 57, highest 75 and lowest 36
Selma, Alabama.—Wre have had warm, sultry, wet weather
during the week. Rain has fallen on thiee days.
Madison, Florida.—Rain has fallen during the past we< k on
one day.
The thermome*er has averaged 63, the extreme range
having been 41 to 85. Planting is making good progress.
’Macon, Georgia.—It has rained at this place on one day during
the week. The thermometer has ranged from 32 to 74, aver¬
aging 54.
Columbus, Georgia.—It has rained on one day during the week,
the rainfall reaching forty-three hundredths of an inch. Average
thermometer 60, highest 75 and lowest 47.
Savannah, Georgia.—It has rained on one day, the rainfall
reaching eleven hundredths of an inch, but the balance of the
week has been pleasant. The thermometer has averaged 57,
the highest being 78 and the lowest 43.
Augusta, Georgia.— During the earlier part of the past week
we had light rains on three days, the rainfall reaching fifteen
hundredths of an inch, but the latter portion has been clear and
pleasant. Average ihermometer 56, highest 78 and lowest 37.
Our correspondent states that there is but little cotton in the
country, and planters are sending it to market freely. Planting
preparations are being pushed vigorously, and indicate a larger
acreage and a heavy crop to be put in at an early day.
Charleston, South Carolina.—It has been showery one day the
past week, the rainfall reaching thirty-five hundredths of an
inch. The thermometer has ranged from 41 to 73, averaging 56.
The following statement we have also received by telegraph,
showing the height of the rivers at the points named at 3 o’clock
.Feb. 26, 1880, and Feb. 27, 1879.
the week,
3....
44
44
10....
“
11....
44
12....
44
13....
44
14....
44
15....
S.
44
16....
44
17....
23,239
18,058
14,386
21,994
16,663
20,960
44
18....
44
19....
44
20....
44
21....
44
22....
8.
44
23....
18,684
10,628
16,954
21,964
13,805
44
24....
44
25....
44
26....
44
27....
13,298
8.
20,245
14,219
*
19,420
18,071
11,793
7,329
28,476
20,278
8.
18,965
8,896
23,306
8.
11,408
12,421
16,646
13,396
16,982
12,797
-
8.
8.
14,337
20,332
8.
26,011
27,461
14,452
20,184
19,055
16,269
15,578
•
8.
27,656
20,344
19,557
17,282
15,875
11,904
8.
16,994
16,817
14,124
15,019
9,45#
8.
21,374
12,698
11,867
11,979
11,515
12,378
Total..,.. 4,201,820 3,816,623 3,548,047 3,540,287 3,416,272 2,925,148
Percentage of total
83-64
81-51
8767
81-64
85-81
p’rtree’pts Feb. 27.
This statement shows that the receipts since Sept. 1 up to
to-night are now 385,197 bales more than they were to the same
day of the month in 1879, and 653,773 bales more than they
were to the same day of the month in 1878.
We add to the last
table the percentages of total port receipts which had been
received to Feb. 27 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 26.
February
SHIPMENTS FOR FOUR YEARS.
BOMBAY RECEIPTS AND
Receipts.
Shipments since Jan. 1.
Shipments this week
Great
Year Great Conti¬
Brit’n. nent.
227
THE CHRONICLE.
28, 1880.J
Total. Britain.
1880 13,000 14,000 27,000
1879
12,000 12,000
1878 13,000 20,000 33,000
1877 27,000 19,000 46,000
Conti¬
47,000
67,000
31,000
54,000
39,000
98,000
83,000
69,000
Since
Jan. 1.
This
Week.
Total.
nent.
190,000
114,000 38,000
70,000 25.000
134,000
152,000,39,000
242,750
201,000
152,000 45,000
caution on the part of buyers, and also led to a greater propor¬
tionate decline iu distant futures. Smaller American receipts
and encouraging advices from Manchester revived the confidence
of operators, and between the 12th and 16th there was an ad¬
vance of Y&d. on the spot and %d. for near and 7-32d. for dis¬
tant futures. Increased American receipts and a decline in
prices at New York once more checked the demand, and between
the 16th and 22d there was a fall of %d. on the spot and %d.
for near and %d. for distant futures. The exceptional decline
in the latter was the result of the larger crop estimates having
come more and more iiito favor.
In December 5,500,000 bales
According to the foregoing, Bombay appears to show an increase
compared with last year in the week’s receipts of 13,000 bales, and
was regarded as rather an improbable figure, but now it was
an increase in shipments of 15,000 bales, and the shipments sinoe
January 1 show an increase of 44,000 bales. The movement at accepted as a fair estimate. But, spite of this change of opinion
Calcutta, Madras, Tuticorin, Car war, &c., for the same week and about the crop, business in Manchester continued very good,
and, after sundry slight fluctuations, the market here again im¬
years has been as follows.
proved during the last week of January and the opening days
CALCUTTA, MADRA8, TUTICORIN, CARWAR, RANGOON AND KURRACHEE.
of February. Spinners purchased largely to cover contracts,
and speculators bought freely on the strength of the activity in
Shipments since January 1.
Shipments this week.
Manchester, the upshot being an advance between January 22d
Year.
Conti¬
Great
Conti¬
Great
Total.
Total.
and February 3d of %d^on the spot and 5-16d. in all positions of
nent.
Britain.
nent.
Britain.
futures—the opinion gaining ground that an American crop of
17,000
11,000
6,000
1880
even more than 5/6 millions would all be wanted at somewhere
37,000
10,000
27,000
8,000
1879
8,000
about
current rates. The advance, however, checked business,
32,000
19,000
13,000
3,000
1878
1,000
2,000
24,000 and on the 4th and 5th prices gave way l-16d. on the spot and
5,000
8.000
19,000
1,000
1877
7,000
3-32d. to %d. for futures. In the afternoon of the 5th the de¬
The above totals for this week show that the movement from mand
again improved, and thence to the 10th a good business
the ports other than Bombay is 8,000 bales more than same week was done at constantly-hardening prices, ending in a rise of
of last year.
For the whole of India, therefore, the total 3-16cL on the spot and 7-32d. to 9-32a. for futures.
shipments this week and since January 1, 1880, and for the
The following are the principal fluctuations in the prices of
corresponding weeks and periods of the two previous years, are middling upland on the spot and for forward delivery since the
as follows.
opening of the year:
EXPORTS TO EUROPE FROM ALL INDIA.
'
Shipments
to all Europe
from—
114,000
17,000
27,000
Bombay
All other
ports.
Total
week.
Jan. 1.
131.000
27,000
70,000
37,000
12,000
8,000
20,000
33,000
152,000
3,000
32,000
184,000
36,000
107,000
Spot.
Since
Jan. 1.
This
week.
Since
Jan. 1.
This
Since
This
week.
1878.
1879.
188Q.
This last statement affords a very interesting comparison of the
total movement for the week ending Feb. 26, and for the three
years up to
date, at all India ports.
.•
Alexandria Receipts and Shipments.—Through arrange¬
ments we have made with Messrs. Davies, Benachi & Co., of
we shall hereafter receive a weekly
cable of the movements of cotton at Alexandria, Egypt.
The
Liverpool and Alexandria,
following are the receipts and shipments the past week and for
corresponding weeks of the previous two years.
the
Alexandria, Egypt,
Feb. 26.
Receipts (cantars*)—
Exports (bales)—
Since
Sept. 1.
This
week.
Since
Sept. 1.
.
To Liverpool
To Continent
Total Europe.
*
This
week.
This
week.
Since
Sept. 1.
5,000 195,000
12,000 231,500
3,466 138,498
3,000 129,000
15,466 369,998
5,000 185,500 10,000 327,000
2,000
56,500j
5,000 132,000
A can tar is 98 lbs.
*
This statement shows that the receipts for the week ending
Feb. 26 were 25)000 cantars, and the shipments to all Europe
15,466 bales.
report received from Manchester
to-day (Feb. 27) states that prices of twists are one-eightli lower,
and slow of sale, but that shirtings are steady and unchanged in
price. We leave previous weeks’ prices for comparison.
Manchester Market.—Our
1378-79.
1879-80.
Cott’n
Mid.
32s Cop.
8*4 lbs.
Twist.
Shirtings.
d.
d.
Dec. 26 10 ®107s
Jany.
2 10 ®107s
“
9 103s® 10.%
“
16 10ks®1078
“
23 10k>®1078
8.
6
6
7
7
7
“
7
30,10*2® 11
Feby. 6 11 ® 11% 7
“
13 libs® 1134 7
“
2011i2®12ie 7
“
27 11382)12
7
Uplds
d.
d.
s.
9 ®8
9 ®8
0 ®8
d.
0
0
3
H2®8
4^
7*8
3
3
3
6
9
9
6
6
6
6
9
9
7
71 iB
®8
®8
®8
®S
®3
®3
32s Cop.
Twist.
d.
d.
s.
7»8®8l4 5
613le 77b®858 5
678
7*16
7q
7^
73s
7&10
73t®8ks 5
7 78 ® 8 ®8 5
8x4 lbs.
Shirtings.
Uplds
s.
d.
7532 i <al8
738
714
71a
Zi*32
75i«
71-32
•
71 °32
71132
71932
7716
71<J
71332
7 38
:
September-October, 7 9-16d.; October-November,
5-32d., November-December, 7d. Compared with the rates
current on the 31st December, the present prices of spot cot¬
ton show an advance of 7-16d. to 9-16d. per lb. in American, %d.
in Brazilian, %d. to %d. in Egyptian and %d. to %d. in East
Indian, with an exceptional rise of %d. in Comptah.
COURSE OF THE MANCHESTER MARKET JAN. 1 TO FEB. 10.
7
improvement witnessed’during the closing
weeks of last
decided progress. The
and general, though
than for home consumption ; and an
unprecedented, amount of business has
resulted. The tendency of prices has, therefore, been almost
constantly upwards. The extensive orders previously taken by
spinners nave enabled them to command their own terms ; and
sine© the close of December medium yarns have advanced
l%d. to 1^6d. per lb. and the finer numbers fully 2d. per lb.,
while cotton has gained only %d. per lb. Cloth has not risen
in proportion, the advance in 8%lb. shirtings being only 6d. to
9d. per piece, or about Id. per lb. As a rule, spinners have
from the commencement of the rise covered their forward con¬
tracts by purchases of the raw material; but in many instances
manufacturers have sold cloth without buying yarn in propor¬
tion. They have therefore been compelled to buy in dear and
excited markets in competition with an increased demand for
export. This accounts for the exceptional rise in the prices of
yarn; it also accounts for the complaints that the prosperity
enjoyed by the spinner is not shared to anything like the same
more
active for export
extensive, if not
by the manufacturer.
MOVEMENT DURING THE SEASON,
OCTOBER
1 TO JANUARY 31.
The deliveries to English and Continental
the first four months of the season compare as
spinners during
follows with the
figures for the corresponding months of last season :
d.
5 610
Total
6
713*2
718
77i«
Number of bales
®7
7H32
I116
’
7932
Zj32
1332
539
538
533
3
714
713.32
6
4!2®7
7732.
738
538
7^®838
z>
u32
7^32
7332
79.32
7^2
7 kj
7ks
71s
7*2
7532
71332
714
7*8
7ki®7
®7
®7
®7
71132
73ie
530
6
6
6
Z932
7132
76i0
6
6
7^®7
7132
Tie
714
/
| Sept.
July. J Aug.
63132
4*2
7%®8L2 5
7\®8hi 5
758®81s 5
631.32
7732
7132
June-* July- *Aug,-
Juue.
61510
6iol6
®7
®7
®7
3
6
6
778®8k5 5
5
7kj®814 5
713
April- May-
closing quotations for the most distant positions are
follows
extent
Cott’n
Mid.
d.
7332
Mar.-
April. May.
year has since made further and more
demand for yams and goods has been large
45,000
2,450,000
30,000
1,487,000
25,000
3,145,000
This week....
Since Sept. 1
7^
714
5
10
The
as
7
6iBi0
73i0
63132
7
3
Feb.Mar.
62732
7332
631.32
678
7110
31
6
12
16
22
The
1878.
1879.
1880.
Dec.
Jan.
Jan.
Jan.
Jan.
Feb.
Feb.
Feb.
Jan.Feb.
Great Britain.
5610
1879-80.
55l0
53s
1,064,920
Av’ge weight (lbs.)..
weight (lbs.)
..
•-
1878-79.
Continent.
1879-80.
1878-79.
907,070
872,060
806,870
442
487
434
449
478,149,080 400,924,940 381.090,220 350,181,580
We estimate the rate of consumption in Great Britain at
63,000 bales of 400 lbs. per week for the four-and-a-half weeks
receipt of Messrs. Ellison & Co.’s cotton report, dated November comprised in the month of January, or a total of 283,500 bales,
or 113,400,000 lbs., which, added to the 312,500,810 lb3. con¬
11, and make the following extracts from it:
sumed to the end of December, gives a total of 425,900,810 lbs.
COURSE OF THE LIVERPOOL MARKET, JAN. 1 TO FEB. 10.
for the first eighteen weeks of the season, against 374,400,000 lbs.
The market opened quietly on the 2d January (the 1st being last season, or an increase of 13% per cent.
During the same
a holiday), but grew busier as the week advanced, and between
period the weight of yarns and goods exported was about 355,the 2d and 6th a large business was done at an advance of 3-lCd. 000,000 lbs., against 318,000,000 lbs., or an increase of 11% per
cent. Our estimated consumption of cotton is, therefore, not
Ellison & Co.’s Cotton
Report
for
February.—We
are
in
and %d. to 9-32d. in futures. Thence to the 12th too small.
off, and the tone became weaker, owing chiefly
The revival which commenced in America and followed in
Great Britain is now beginning to show itself in various dis¬
to increased American receipts and lower prices at New York.
in January
Spot prices only gave way about l-16d., but “ future” lots %d. tricts on the Continent. The rate of consumption
was probably not less than an average of 48,000 bales per week,
to 7-32d.—the more distant positions showing the greatest
against 45,000 last season, or a total of 240,000 bales and 225,000
weakness. Opinions about the crop .varied considerably, but bales respectively for the five weeks. These, added to the 611,•
the larger estimates were coming to the front, and this induced 000 and 569,400 bales consumed to the end of December*
on
the spot
the demand fell
<
THE CHRONICLE.
228
total for the eighteen weeks of 851,000 bales, or
340,400,000 lbs., against 794,400 bales or 317,760,000 lbs.
On the basis of the foregoing estimates, the movements for
the eighteen weeks were as follows :
give
i
a
Continent.
Great Britain.
*
Surplus stock Oct. 1
1879-80.
1878-79.
1879-80.
1878-79.
Lbs.
Lbs.
Lbs.
Lbs.
30,550,000
18,720,000
13,800,000
6,012,000
.
Deliveries to Jan. 31. 478,149,080 400,924,940 381,090,220 350,181,580
484,161,080 414,724,940 399,810,220 380,731,580
Supply
Consumption
18
in
125,900,810 374,400,000 340,400,000 317,760,000
weeks
Surplus stock Jan.31
Surplus stock in bales
of 400 pounds
58,2G0,270
40,324,940
59,410,220
62,971,580
145,000
100,000
148,000
157,000
[VOL. XXX.
The totals for the
past twenty
years are as
Great
Years.
1879
1878......
1877
1876
1875
1874
1873
1872
1871
1870
1869
1868
1867
Britain.
258,260
320,984
389,005
555,542
1863
1862
1861
Total.
641,458
726,484
839,464
984,190
1,241,526
1,236,882
044,873
907,801
1,133,403
1,019,126
1,121.037
455,454
842,842
736,275
660,064
798,893
854,596
945,768
1,015,859
1,061,651
912,432
1,084,578
871,923
926,513
1866
1865
1864
:
for orders.
383,198
405,500
450,459
428,648
786,072
;
follows
To Continent
and Channel
To
394,040
208,598
247.737
334,570
164,530
175,269
169,539
73,362
35,945
35,570
.
1,185^398
1,135,013
948,377
1,120.148
928,996
975,117
956,070.
57,073
48,604
23,453
26,986
17,773
932,617
930,039
957,025
supply” for Europe is therefore 293,000 1860
478,820
496,593
bales this year, against 257,000 bales twelve months ago, show¬
Gunny Bags, Bagging, Etc.—Bagging has not been taken
ing an increase of 36,090 bales. The excess in the “visible
since our last, and no business is doing.
The market is ruling
supply” is 182,000 bales. The two together make a total of
firm
in
tone,
and
If
is
now
quoted
at 10@10|c., 2 lbs.
very
lbs.
218,000 bales; besides which there is a large surplus of uncon¬
10fc., and ll£c. for 2£ lbs.
There are speculative buyers in the
sumed cotton held by American spinners.
market who are trying ;to obtain parcels, but holders are not
PROSPECTS.
to sell,
and are withdrawing all their parcels
So far as the prospects of supply are concerned, we see no willing
from the market in anticipation of higher prices/
Butts have
reason for modifying the figures given in our annual report,
been very active, and the market is excited.
The
sales
since our
except that the supply from Egypt may be rather more, and
that from India ratner less, than our estimates. The diminished last have been large, and embrace 30,000 bales, all grades, at 3£e.
receipts at the American ports witnessed during the past fort¬ for paper and S^c. for spinning quality. To arrive, the market
night were fully anticipated in our crop estimate. As to price, is strong at 3£c. for paper grades and 3|@3fc. for spinning
everything now depends upon Manchester. Speculators here qualities. The Calcutta market is very firm, and this makes
%
and at New York are getting timid—which is only natural with holders here steady.
middling upland at 7j§d. for near and 7%d. for distant delivery;
The Exports of Cotton from New York this week show an
but if Manchester maintains its present vigorous attitude, and increase, as
compared with last week, the total reaching 8,168
spinners continue to add to their surplus stocks of the raw mate¬ bales against 6,490 bales last week. Below we give our usual
rial, it would not be surprising to witness a further rise in prices. table showing the exports of cotton from New York, and their
The advance, however, would not be the result of any actual
direction, for each of the last four weeks; also the total exports
scarcity of cotton (provided the American crop is not less than and direction since
Sept. 1,1879, and in the last column the total
5/£ millions), but the outcome of a desire to hoard cotton and for the same period of the previous year.
goods in anticipation of a pinch later on in the year. The
Exports of Cotton (bales) from New York since Sept. 1,1879.
moment that buyers have secured what they consider to be suf¬
ficient to meet their expected wants, the demand will fall off, the
Same
Week ending—
Total to period
anticipated pinch will not be felt, and prices, instead of advanc¬
Exported to—
Feb.
date.
Feb.
Feb.
Feb.
previ’iu
ing, will decline, provided the new American crop makes a favor¬
25.
4.
11.
18.
year.
able start. There is no doubt that a good deal of the business
doing in Manchester is more or less in anticipation of future Liverpool
2,738 4,387 5,640 7,323 210,423 175,445
100
4,312
6,706
wants; but while the demand lasts, and so long as the orders Other British ports
given out show the handsome profits which they do at present, Total to Great Britain 2,738 4,387 5,740 7,323 217,129 179,757
spinners are acting wisely in covering their contracts, because
while the “ boom,” as they say in America, is on, all reasonable Havre
351
145
17,756 10,220
100
calculations as to the probable future course of prices are liable, Other French ports
for a time at all events, to be blown to the winds.
145
351
Total French
17,756 10,320
P. S.—February 11. To-day the market has again been very
627 19,836 12,348
195
299
543
strong, and a large business has resulted at an advance of l-16a Bremen and Hanover
218 12,498
651
2,202
Hamburg
on the spot and l-32d. to l-16d. for futures; but this
to
635
100
2,224
Other ports
afternoon the latter have gone weaker, and the advance is lost.
The total “ invisible
•
....
1880.—Messrs. Wallace
Total to North. Europe
report of January 17, received this week, give
statement of the receipts of cotton at Bombay
Spain, Op’rto, Gibralt’r,&c
Bombay Receipts
& Co., in their
the following
for
a
Exports
and
for
In bales of
3*2 CWt8.
From 1st January
1877.
1878.
,
1879.
Oomrawuttee.420,615 564,729
5,724 28,002
Hingenghat.
Dhollerah... .142,955 111,820
.
Broach
Ccmtali.... l
Dhawar.... 1
Madras
j
Bengal
J
Persia
Kurrachee..
88,344
.
j-179,620 136,409
19,608
26,749
.
.
75,663
.
13,448
6,371
1876.
461,154
30,589
377,673
175,052
402,529
15,326
416,106
137,722
507,518
531,352
22,753
37,217
457,862 )
167,626 5 610,640
37,297
133,473
141,039
122,065
14,533
10,803
7,803
9,034
4,512
12,409
3,285
19,938
|
exports for the last two years have been as follows:
1879,
,
Steamers.
,
To Great Britain
To Falmouth for
or¬
Total bales
we
Total. Steamers. Slips.
,
Total.
195,609 62,651 258,260 231,142 89,842 320,984
ders and Continent.305,280
To China & Singapore 18,880
To Calcutta & Madras 19,774
Below
Ships.
1878.
>
18,880
14,832
67,691 405,500
*
14,882
20,722
30,134
30,321
77,918 383,198 337,809
948
187
539,543 141,517 681,060 613,967 157,720 771.687
give the exports to Europe for four years:
1879.
Trieste
Havre
Venice
Genoa
Marseilles
105,302
97,980
50,022
49,382
Naples
21,646
20,443
Amsterdam
Bremerhaven
Bag a Iona
17,138
14,650
3,150
500
500
AnTwerp
Odessa
Port 8aid
Kevel
Dunkirk
1877.
1876.
117,732
149,381
59,711
34,193
14,311
21,369
17,683
13,445
105,082
166,840
44,416
35,342
17,184
21,705
14,161
27,993
15,595
6,395
650
500
1,827
1878.
102,917
106,248
11,041
7,537
600
3,206
&c
6,490
8,904
49,070
17,878
11,249
12,522
27,727
19,415
3,956
2,100
9,250
7,865
500
10
This
week.
Since
Sept. 1.
Philadelphia.
Boston.
New York.
Receipts
This
week.
This
Since
8,340 126,789
1,809 85,995
3,707
Savannah
3,486 170,725 ;
1,182
23,545
2,869
32,821
9
5,498
1,861 101,222
434 37,050
4,410 179,047
5,834
7,572 145,810
2,321
1,290
1,290
.
Virginia..
-
4
.
.
^
_
3,402
2,575
181 14,282
......
......
743
Since
Sept. 1. week. Sept.l. week. Sept. 1.
N. Orl’ans
Texas....
Mobile
Florida.
S. Carolina
N.Car’lina
8ince
Baltimore.
This
65
......
42,117
......
......
2,123
43,510
30
193
8,951
8,977
2,268
66,635
462
5,004 117,625
2,866 121,916
1,867 52,351
10,000
This year. 27,921 860,231 14,792 342,183
2,048 72,675
4,614 138,535
8,265 214,659
2,283 56,594
2,120 118,923
North, pts
Tenn., &c.
Foreign..
Last year. 26,983670,189
Shipping News.—The exports of cotton from the United
States the past week, as per latest mail returns, have
97,584 bales. So far as the Southern ports are concerned, these
are the same exports reported by telegraph, and published in
reached
the Chronicle last Friday.
With regard
New York, we
include the manifests of all vessels cleared yip to Wednesday
night of this week.
New York—To
Total bales.
Liverpool, per steamers Spain,
public, 1,400
per
1,392—Rdr
bark Elliott, 1,904—per ship Cham¬
To Bremen, per steamer Weser, 627.
To Hamburg, per steamer Gellen;, 218
New Orleans—To Liverpool, per steamer
Mississippi, 4,524—
Total to Continent...
380,713
Total to Falmouth for orders.
2,485
Total to Great Britain
*258,260
405,500
450,45.9
428,648
320,984
339,005
555,542
641,458
726,484
839,464
984,190
To Bremen, per
per
Everett, 500
Total to Europe.
...
.
York,
Boston, Philadelphia and Baltimore for the past week, and since
September 1, 1879:
iishships Udston, 6,922—Eastern Belle, 4,217
per bark Lady Rowena, 3,853
grove, 4,800
To Havre, per ships Success, 4,639—Alice M. Minofct
per bark Romanoff, 2,019
To Rouen, per steamer Capri, 1,349....per ship BfiMt
3
JLeghorn
3,660
8,168 272,649 208,922
pion, 2,627..'.
300
—
Hamburg
3,660
The Following are the Receipts of Cotton at New
from—
883,615 936,442 1,107,101 1,121,993 1,313,719 1,324,497
The total
15,185
1874.
1875.
Total from all
ports
34,558
3,206
4.930
to 31st December.
545
399
543
A H other
Total Spain,
series of years:
846
bark Hebe, 1,899
—....
7,323
627
218
24,346
10,455
1,849
1,899
Saturday.
d.
Mar.-Apr
bark Fredrioa and Carolina, 2,100 Upland
To Havre, per bark St. Christophorus, 1,886 Upland
To Bremen, per barks Tliorese, 4,005 Upland... .Washington,
1,770 Upland
Texas—To Liverpool, por barks Lord Collingwood,
Paulus, 1,560.... Ilex, 1,821
Landseer, 1,455
1,472—
Hope,
935
per brig Amor, 822
To Bremen, per brig Graf Nedel, 1,010
Norfolk—To Liverpool, per ship Parthena, 5,171....per
P. C. Merryinan, 3,537
Condor, 3,520
Baltimore—To Liverpool, per steamers Sarmatian,
671
Peruvian, 1,228
Boston—To Liverpool, per steamers Bohemian,
423
Brazilian, (omitted previously) 139
6,882
1,886
5,775
8,065
1,010
12,228
(additional)
1,899
1,597—Hecla,
2,159
particulars of these shipments,
The
form
follows: '
are as
Liver¬
pool.
New York... 7,323
N. Orleans...24,316
Mobile
4,300
^Charleston
feavannali
845
Delivery.
*
m
....
6,882
8,065
...
Texas
12,228
Norfolk
m
-
^
*
m
m
m
3,il3
m
m
«
-
m
^
m
615
a
m
2,159
m
Philadelphia 1,750
m
m
m
m
m
m
m
1,200
....
m
a
m
a
a
1,750
Feb.-Mar
m
+
m
m
<m
m
-
-
m
m
m
m
-
m
615
9,529
L 4,190
.
*
^
m
a
*
.p
«
a
a
a
a
a
....
....
a
a
....
....
3,113
1,200
....
....
8,168
4,300
14,543
9.075
....
a
....
12.228
1,899
2,159
1,750
....
15
we
19, had boats damaged and lost rail.
Istrian, steamer (Br.), Fitt, at Boston from Liverpool,
ruary
reports having
experienced a succession of strong gales from SW. to NW., with
high seas, during the entire passage. On February 10 and 11
encountered terrific gales from W8W to WNW., increasing to a
hurricane, with a tremendous high sea, in which the vessel was
hove to, the barometer being down to 28*80, and the vessel fell off
in the trough of the sea, lost one boat and stove two others, carry¬
ing away starboard rails and stanchions, donkey funnels and ven¬
tilators, and breaking down and washing everything movable from
the decks; also sustained other slight damage.
North Carolina, bark (Br.), from Baltimore for Liverpool, before
reported, was sold by auction at Bermuda February 13, realizing
about £375 gross. The hull brought £50 as It lay on the reef, and
some of the damaged oil cake and bark brought about £50.
The
salvage on cargo saved was awarded the week ending the 14th,
20 per cent on dry cotton, 30 per cent on wet do., 30 per cent and
40 per cent on tnat saved by divers. The cargo saved would be
forwarded to destination by bark Nancy Holt.
Cotton
freights the past week have been as
Mon.
Satur.
Do
sail
c.
e.
Bremen, steam, .c.
Do
sail
c.
Fri.
Thurs.
Wednes.
Tues.
3ie® *4 732®^ 732® *4
316
316
S16
3a®...* 5s®...* 58®...* 5s®...*
316® x4
316
Liverpool, steam d. 3i6®14
Do
sail...rf.
316
Havre, steam
follows:
sd/a>...M
hi
V
hi
58®-.’.*
hi
ha
c3
V
*2
5s®...*
hi
58*
*2
hi
V
hi
hi
58*
*2
38®...*
hi
®8
Delivery.
7«lrt
Jkly-Aug
7ii32^ 3g
Sept.-Oct
73e»
Oct.-Nov
7
Tcrsbay.
Delivery.
July-Aug
Aug.-Sept
73b
7i3y3
738
7*4
7^33
Delivery.
June-July
July-Aug
Sopt.-Oct
Mar.-Apr
June-July
7%
7i333
71332
7H
7H32
Wednesday.
Delivery.
-
7516
7»i6
Feb
Feb.-Mar
7^®° is
7^32
Apr.-May
73s
May-June
June-July.. 71332^33
'©I332
July-Aug
7716
*
Delivery.
Delivery.
Feb
..71332
July-Aug
Aug.-Sept
7i332
Oct.-Nov
Nov.-Dee..
Fob
73s
Apr.-May
77,
7032 May-June
Sept.-Oct..
7ii6
.7i316®3f33
73g
.7H32
.Mar.-Apr
7*3^
77,$
71*32
7%
June-July
Apr.-May
May-June
June-July
71832
July-Aug
Mar.-Apr
77ls
7&i$
Thursday.
Delivery.
73g
Tune-July
July-Aug
77,e
75i6
Mar.-Apr
7516®&32 Aug.-Sept... .71&32® 716
71332
Apr.-May
7ii32®5ie July-Aug
71332
May-June... .73s® H33 Sept.-Oot
Delivery.
6il32®3jg
Feb
Feb.-Mar
...
97,584
give all news received to date of disasters to vessels
carrying cotton from United States ports, etc.:
Cordova, steamer (Br.), Jackson, from New Orleans, at Liverpool, Feb¬
Below
Aug.-Sept... 738®7,g
May-June
June-July
615
m
m
7^32
71*3*
77**
Monday.
7732® l4 Sept.-Oct
7H ® o32 Feb.-Mar
79323|5i6 Mar.-Apr..
7^32
Mar.-Apr
A pr.-May
May-June
June-July
42.847
a
....
1,010
Baltimore... 1,899
Boston
m
„
m
15
5,775
1,886
-
^
7*4
7732
Feb
Total.
....
7^2
7*4
Apr.-May
Tam-
Vera
Cruz.
Mar.-Apr
Oct.-Nov
Delivery.
7*4
Mar.-Apr
■
1,899
12,304
75i6
.7H32®»ia
738®iia2
7i332®38
734®732
Mar.-Apr. 7732®^®732
arranged in our usual
Havre Hamb’g
and
& Bre- BarceRouen, men.
Iona. Genoa
Nov.-Dee
Apr.-May
May-June
July-Aug
Aug.-Sspt
Delivery.
97,584
Total
..
Feb
Feb.-Mar
barks
British
Philadelphia—To Liverpool, per steamers Ohio, 357
Empire, 1,393
Apr.-May
May-June
June-July
d.
7*32
7*i«
Delivery.
d.
71032
7ii6
6i&i(
"...71132 Sept.-Oct.. *
Feb
-
Delivery.
Delivery.
7®32
Feb
Apr.-May
May-June
Mar.-Apr
July-Aug
7®32
75i$
,..7*i
7%
Friday.
Delivery.
Feb
Feb.-Mar
79i«
Mar.-Apr
Apr.-May
7*4
7932
7^16
May-June
7*4
Delivery.
Delivery.
June-July
Sept.-Oct
7H32
739
July-Aug
73b
7I32
Oct.-Nov
Feb
June-July
Aug.-Sept
July-Aug
7&ie
73s
77lft
71332® 3a
BRE ADSTUPPS.
Friday, P. M.,
There has been some
February 27, 1880.
improvement in the flour
market dur¬
ing the past week.
There has been a better and general
and
demand,
although holders have been quite disposed to
somewhat improved, especially for the low
and medium grades. The better prices have been aided by an
advance in wheat, but independent of that circumstance the
realize, prices have
position of the flour trade seems to have improved. Yesterday
there was less activity, and prices were barely steady, and to¬
day prices were weak. Rye
flour firm, but com meal and buck¬
dull and depressed.
quite buoyant early in the week.
active demand, which, notwithstanding its being
wheat flour very
The wheat market was
There was an
advance in prices. Still, there
The increased business
*8
«8
Amst’d’m, steam.e.
for
export
some
in ocean freights,
caused
• advance
@
...®:...
.tab
...-3)
Do
sail...c. ..®
which was felt as a check upon the upward course of
716®1532 710®153J 71«®1532 716®1532
Baltic, steam
d. 716® 1&32
values. On Tuesday,the highest prices were for No. 2 red Winter
...®.... ...®.... ...®....
Do
sail
d.
$152@$1 53 for spot and February, $1 53%@ i>l 54 for March and
Compressed.
Liverpool.—By cable from Liverpool, we have the following April, and $1 51% for May ; No. 2 Spring, $1 43@$1 44 on the
statement of the week’s sales, stocks, &c., at that port:
spot, $1 45 for April, and $1 41 for May ; and No. 1 white f 1 51
@$1 51% on the spot and for the next two months. In the
Feb. 13. Feb. 20. Feb. 27.
Feb. 6.
course of Wednesday and Thursday prices declined 2@3c. for
42.000
79,000
80,000
81,000
bales.
Bales of the week
13,000 Winter growths, but Spring wheats remained about steady.
21,000
14,000
9,000
Forwarded
34,000
47,000
53,000
54,000
•Sales American
4,000 Receipts at the Western markets have continued comparatively
7,000
5,000
5,000
Of which exporters took....
2,000 small. To-day, there was some further depression, No. 2 red
18,000
9,000
5,000
Of which speculators took..
Hamburg, steam, e.
Do
sail
•H
r—«
hi
W
...c-
59®...*
5a®...*
hi
®8
..
.
freely met, caused some
was
not much buoyancy
of tone.
..
.
*
Total stock—Estimated
Of which American—Estim’d
Total import of the week
Of which American
Actual export
Amount afloat
Of which American
499,000
372,000
101,000
81,000
4,000
291,000
253,000
485,000
568,000
74,000
61,000
8,000
294,000
254,000
463,000
511,000
348,000
382,000
57,000
105,000
42,000
4,000
78,000
8,000
Winter closing at $ 1 50% for
Indian com has declined
other
April.
for No. 2 mixed on
grades and deliveries show
the spot, but
little change. The close last
evening was at 59@59%c. for new No. 2 mixed afloat; 57c. for
March, 55c. for April, and 54c. for May ; steamer No. 2,57%@
The tone of the Liverpool market for spots and futures each day cf the
57%c. on the spot, and 55%c. for March. The Western move¬
week ending Feb. 27, and the daily closing prices of spot cotton, have
been as follows:
ment continues on a liberal scale. The offerings of white com
Saturday Monday. Tuesday. Wednes. Thursd’y Friday.
continued small, and yellow is nearly nominal. To-day, new
Spot.
Dull
Quiet
No. 2 mixed on the spot declined to 58%@59c., but othSF grades
Dull.
Dull.
Market
it, I
Firm.
and
and
Easier.
12:30 P
easier.
steady.
and deliveries were about steady.
7510
73lfi
7®16
7*w
73s
7516
Mid. Upl’ds
Rye has continued in moderate demand, and yesterday there
7716
7716
77ie
7716
7hi
7716
Mid. Orrns.
was a considerable sale of Canada at 97c. in store ; and to-day
Market,
5 p.m.
35,000 bush. State and Canada brought 98c. afloat. Barley has ,
6,000 remained
7,000
10,000
7,000
6,000
7,000
Bales
quiet. Oats have been fairly active, but.Jbhere is
1,000
1,000
2,000
1,000
1,000
334,000
281,000
304,000
252,000
1,000
irregularity in prices owing to the relative~ scarcity
grades. No. 2 mixed sold yesterday at 48c. for Febru¬
Dull.
but
Steady.
Market,
Steady.
Flat.
Weak.
ary
and
46%c.
for April. To-day, the market was lower with
steady.
5 P. M.
No.
2
graded quoted at 47%e. for mixed and 47%c. fQT
^
The actual sales of futures at Liverpool for the same week are given
below. These sales are on the basis of Uplands, Low Middling
and No. 2 mixed sold for April at 46c.
8pec.<fe exp.
some
of mixed
Futures.
white,
unless otherwise
stated.
THE CHRONICLE.
230
GRAIN.
FLOUR.
$ bbl.
No. 2
fluperflne State and
Wheat-
4 90
$4 10®
No. 3 spring,
No. 2 spring
5 20® 5 50
5 60® 5 90
6 00® 7 25
5 90® 6 40
Western
Spring wheat extras..
do XX and XXX...
Winter shipp’g extras.
do XX and XXX...
Minnesota patents...
City shipping extras.
Southern, baiters’ and
family brands
extras.
Rye flour, superfine..
8 00
6 25
6 75®
7 75
6 60
5 20
6 00®
Bouth’n ship’g
4 90®
State, 4-rowed...
State, 2-rowed...
75
66
Peas—Can’da,b.&f.
82
Receipts of flour and grain at Western
Feb. 21, 1880 :
®
®
82
72
®
95
Corn,
Oats,
bush.
bush.
bush.
Barley,
bush.
Rye,
bush.
At-
(196 lbs.)
(60 lbs.)
(56 lbs.)
(32 lbs.) (48 lbs.) (56 lbs.)
Chicago
32,400
119,730
799,709
168,633 39,805 12,587
Milwaukee
31,124
Toledo
Detroit
Cleveland
8t. Louis..
4,249
2,485
22,152
1,650
Peoria
Duluth
174,538
77,037
75,343
30,800
374,290
7,427
21,050
116,376
2,800
147,850
685.445
214,180
586,874 2,259,711
1,015-527 1,336,347
Total receipts at same
for four years:
8,106
In Store at—
New York
Do. afloat (est.)
12,800
2,700
2,794
49,767 28,500
76,000 11,000 18,010
1879.
bush.
Wheat
Corn
Oats
9,121,468
7,457,392
2,770,655
2,669,689
8,202,290
1,961,725
1,082,335
375,675
1,115,688
464,997
1,417,264
391,417
1,014,866
373,447
28,259,626
24,632,120
21,18.8,169
same ports
receipts (crop movement) at the
inclusive, for four years:
to Feb. 21,
1878-79.
1879-80.
3,712,418
3,084,687
bbls.
Flour
1877.
fJQO OX
9,694,128
10,728,170
2,629,137
_.
Total
1878.
QtlQ 71 i
accumulation at lake and seaboard
Toledo
Detroit
bush.
bush.
420,659
223,000
332,971
115,000
567,224
542,000
1,057,128 * 15,828
4,927,385 1,122,858
1,964,137
98,947
46,436
262,266
674,365
55,382
250,321.
602,289
101,383
96,379
22,912
35,000
4,228
5,718
1,500
500,000
5,465.393
695,000
181,545
5,049,188
270,000
1,342,556
37,000
1,019,082
7,121
190,000
4.400
130,321'
8,839
36,510
361,152
150,046
3,825
46,138
282,600
225,047
185,900
41,013
10,414
5,700
1,926
135,641 1,592,382
314,342
58,412
40,733
28,179,959 15,524,733 3,009,925 3,768,721
28,889,896 14,817,756 3,018,733 3,897,025
915,945
865,074^
143,181
Philadelphia....'.
543.749
7,241
32,500
260,945
165,000
718,677
Feb. 14, '80
Feb.
7, '80 ......
Jan. 31. *80
Jan. 24, ’80
59,600
264,000
56,655
7,689
(15th)..
Baltimore.
Rail shipments...
Lake shipments..
213,040
28,000
58,276
23,247
154,336
1,637,341
233,019
Indianapolis
Kansas City
90,000
bush.
bush.
175,000
870,754
66,754
318,555
Peoria
Rye,
bush.
:..
St. Louis
Boston
Toronto
Montreal
follows:
Barley,
Oats,
1,749,589
350,000
Oswego
was as
Corn,
8,681,863
Do
afloat....
Milwaukee
Duluth
Feb. 21,
Wheat,
729,958
Buftalo
Chicago,
343,801 124,617 41,497
276,706 87,826 44,828
6,373,638
17,479,326
2,948,652
Barley
Rye
Total grain....
QQQ
O.JO
of
1,000
Albany
Total
15,198
grain, comprising the stocks in granary
ports, and in transit by lake and rail,
694,315
235,412
89,759
19.258
780,288
2,750
■
29,593,726 13,665,689 2,928,269 3,830,946
30,089,871 13,060,353 3,079,306 4,154,588
30,809,160 12,129,048 3,122,349 4,244,485
922,484
978,662
979,567
20,716,349 12,596,689 2,162,019 4,107,046 1,213,583
THE DRY GOOD3 TRADE.
ports from Jan. 1 to Feb. 21, inclusive,
1880.
TXT
„
27,414
22,100
6,591
7,910
The visible supply of
at the principal points
Feb. 22, ’79
Total
94,060
flame time ’79. 114,352
.
®1 05
lake and river ports
Wheat,
bbls.
50 Lj
Exchange Weekly.”)
for the week ending
Flour,
®
80
Barley—Canada W.
63
®fe 98
® 48 *2
46
47
White
(From the “ Xew York Produce
®
®
95
Rye
Oats—Mixed
2 85® 3 10
Western, &c
Brandywine, <fcc
® 3 30
Buckwheat flour, per
160® 1 80
100 lbs
®1 43
60
Western White...
Corn meal—
® 1 38
142 ®149
1 49%®! 50
142 ®148
1 47?o®l 48
56 ® 59
58*2® 59
Amber winter...
Red winter, No. 2
White
No. 1 white
Corn—West, mixed
West’n No. 2, new
Western Yellow
6 50® 7 50
6 50®
5 70®
# bu.$l 36
1 40
[Vol. XXX.
Friday, P. M., February 27, 1880.
dry goods trade has on the whole been fairly active the
past week, and, notwithstanding the intervention of a holiday
and a continued light demand for some of the most staple
fabrics, the volume of business was of large proportions. Cotton
The
relatively quiet in first hands, and there was only a
prints; but there was a satisfactory move¬
from Aug. 1
ment in woolen goods,dress fabrics,lawns, ginghams, hosiery,un¬
1877-78.
1876-77.
3,641,128
3,282,423 derwear, &c., and more animation was observed in foreign goods
15,222,017
goods
were
moderate demand for
time since the opening of the season. There was a
improvement in the jobbing branches of the trade, and
8,949,219
8,157,464
7,936,124
7,484,716
sales
of both staple and department goods were made to
liberal
3,327,663
2,418,234
1,421,340
2,150,931
Total grain
160,377,992 145,647,478 120,690,337 102,558,452 Western and Southern retailers, who are operating more freely
Comparative shipments of flour and grain from the same than for some years past in anticipation of an unusually active
ports from Jan. 1 to Feb. 21, inclusive, for four years:
Spring business. Prices of both domestic and foreign goods
1880.
1879.
1878.
1877.
546,661
923,237
844,002
593,599 are
Flour
bbls.
very firmly maintained, and stocks in first hands are Jn
Wheat
bush.
1,577,230
3,723,535
1,185,578 excellent
7,701,155
shape, and by no means redundant.
Corn
7,822,610
5,100,893
4,719,128
4,228,039
bush.
Wheat
Corn.5
Oats..!,
Barley
Rye
68,758,068
61,980,956
17,362,086
65,782,992
50,795,505
19,490,117
52.606.759
42,547,008
15,182,212
32,064,702
47,852,191
13,005,912
1,713,457
1,786,497
1,510,233
1,100,614
509,349
274,323
737,980
205,054
730,424
175,652
509,684
126,104
than at any
further
....
Oats
Barley
Bye.....
11,553,959
14,836,592
7,150,049
Rail and lake shipments from same ports for the last four weeks.
Total grain
....
11,896,969
Week
Flour,
Wheat,
Corn,
ending—
bbls.
bush.
bush.
68,530
55,735
70,009
Total, 4 w’ka.287,580
4 weeks ’79. .527,240
Barley,
Rye,
bush.
bush.
40,733
1,592,382
1,418.077
1,080,265
1,064,352
314,342
176,513
130,873
184,898
58,412
96,414
43,854
65,352
785,354 5,155,076
806,626
887,784
366,663
135,641
284,307
138,506
226,900
93,306
Feb. 21
Feb. 14
Feb. 7
Jan. 31
Oats,
bush.
2,011,602 3,010,345
22,356
37,581
30,492
264,032 131,162
89,413
Receipts of flour and grain at seaboard ports for the week
ended Feb. 21:
Flour,
Wheat,
bush.
bbls.
At—
New York
Boston
Portland
Montreal
63,302
16.96L
1,800
2,680
Philadelphia.....
175,500
27,600
21,200
2,400
93,000
26,316
Baltimore
17.328
New Orleans
17,030
164,600
50,000
Corn,
Oats,
Barley,
Rye,
bush.
bush.
bush.
bush.
28,950
10,760
525,490 137,896
351,609 17,040
2,500 11,795
2,265
329,500 58,800
33 5,400 30,200
45,335 41,810
135.417
534,300 1,569.834 299,806
Total week
Cor. week’79— 201,511 1,449,858 2,414,550 319,325
17.250
1,810
435
850
20,500
2,000
3.500
68,945
17,110
50,625
36,050
And from Jan. 1 to Feb. 21 inclusive, for four years
,
1880.
Flour.... ...bbls.
Wheat...
Com
Oats
1879.
1878.
•
•
1877.
1,312,958
1,332,567
1,278,293
1,025,901
4,773,912
12,630,092
2,435,805
10,244,705
12,234,427
2,118,136
761,719
269,507
10,335,051
13,683,425
1,852,101
1,127,136
1(38,470
1,191,995
9,664,379
1,953,439
624,337
173,472
Domestic Cotton Goods.—The
exports of dunes!ics from this
port to foreign markets during the week ending February 24
were 1,587 packages, including 370 to Hayti, 326 to U. S. of Co¬
lombia, 300 to Africa, 120 to Great Britair, 100 to British Hon¬
duras, 98 to Mexico, 96 to Brazil, 46 to Venezuela, &c. Brown
and bleached cottons were less active as regards new business,
but
agents continued to make large deliveries on account of old
orders and
prices ruled very firm.
Cotton flannels were in good
request by converters, and there was a steady demand for
parcels of colored cottons, cottonades, cheviots, corset
jeans, &c., all of which are firmly held by agents. Print cloths
were active and strong on the basis of 5^c. for 64x64s and 5c.
for 56x60s, at which prices large sales of “futures” to July
were made in the Fall River and Providence markets.
Fancy
prints lacked animation, but prices remained firm, and there was
a good demand for shirtings and solid prints.
Printed lawns,
jaconets, cretonnes, cambrics, piques, &c., were freely taken by
package and retail buyers, and there was a brisk movement in
ginghams and cotton dress goods.
Domestic Woolen Goods—There has been a satisfactory
moderate
demand for men’s-wear woolens, in which both light and heavy
weight fabrics participated, and prices ruled very firm on
account of the upward tendency of the staple.
Low and
medium grade heavy cassimeres were in steady request, and a
27,166,183
13,607,622
Total grain
25,628,494
20,821,971
fair share of attention was given to the finer qualities. For
Exports from United States seaboard ports and from Montreal
union cassimeres there was a good inquiry, but transactions
Peas, were
Rye,
Corn,
Oats,
Flour,
Wheat,
mostly confined to placing orders, as nearly all makes are
bush.
bush.
bush.
bush.
bush.
bills.
From—
759,402
1,466 largely sold ahead.
772,333
9,499
New York*
6,189
69,697
Cheviot suitings were relatively less active
20
48,269
182,990
11,398
than
fancy
cassimeres,
but worsted coatings were more freely
PortLandt
11,795
21,200
10,000
1,300
Montreal
taken. Overcoatings continued to move steadily on account of
3,001
395,721
6,270
Philadelphia..
150
315,542
290,839
baek orders, and a fair amount of new business was reported by
10,662
Kentucky jeans were moderately active, and prices
Total for w’k 99.327 1,295,066 1,494,231 18,154
9.949 11,466 agents.
111,807 1,396,314 1,995,919
4,697 1Q5,818 42,371 ruled strong at the last advance. Flannels and blankets were
in steady request and very firm in first hands* Worsted dress
18,133 bushels barley,
f i,8XQ bushels barley
Barley
Rye
836,415
..
—
145,747
.
....
.
*
28, 1580.]
goods continued active, and nearly
231
THE CHRONICLE.
*
Febhuary
all staple and fancy fabrics
Produce.
Receipts of Leading Articles of Domestic
following table, based upon daily reports made to the
sold in advance of production. For carpets
New York Produce Exchange, shows the receipts of leading;
there was a steady inquiry, and large deliveries were made by
articles of domestic produce in New York for the week ending
agents in execution of back orders.
with Tuesday last (corresponding with the week for exports)
Foreign Dry Goods.—There has been an improved demand
also the receipts from January 1, 1880, to that day, and for the
for many descriptions of imported goods by jobbers and large
retailers, and values have an upward tendency. Fine black corresponding period in 1879:
of this class are
sought for, and colored silks were active, at a
last year’s prices. Black and colored
cashmeres were in good demand, and there was a brisk move¬
ment in British and Continental fancy dress fabrics. House¬
keeping, shirting and tailoring linens were in steady request,
and there was a fair demand for fancy white goods, laces and
embroideries. Woolen goods (for men’s wear) were taken in
small lots for the renewal of assortments, and prices of the
most staple fabrics ruled firm. Hosiery and fabric gloves con¬
tinued in good request and firm.
silks
The
were more
Importations of Dry Goods.
importations of dry goods at this port for the
and for the corresponding weeks
1878, have been as follows:
The
Feb. 26, 1880,
ENTERED FOR
Pkgs.
Manufactures of—
Wool
Cotton
Silk
929
1.332
755
1.323
Flax
5,348
Miscellaneous
1880.
1879.
Value.
$
408,303
455,201
525,631
285,655
245,169
9,737 1,919,964
Total
Pkgs.
Value.
Pkgs.
940
1,055
782
637
629
1,517
790
1,307
3,780
390,216
470,495
577,966
317,131
154,464
8,334 1,910.272
3,846 1,406,341
ING THE SAME
Manufactures of—
422
256
162
490
Wool
Cotton
Silk
Flax
183,220
80,188
143,850
104,685
60,304
Miscellaneous
1,521
Total
Knt’d forconsumpt.
572,547
9,737 1,919,964
2,851
market... 12,588 2,492,511
PERIOD."'
130,200
63,572
88,855
76,532
342
208
95
348
499
136,735
49,650
93,162
97,040
1,383
53,888
2,538
26,722
2,334
413,047
3,680
403,309
305
415
147,861
Cotton
Silk
272
70,878
121
Flax
614
80,397
77,962
Miscellaneous
2,313
54,031
Total
Ent’d forconsumpt.
431,209
3,735
9,737 1,919,964
Total at the port... 13,472 2,351,173
8,334 1,910,272
3,846 1,406,341
6,180 1,819,388 12,014 2,313,581
369
258
135
249
191
342
139
61
66,246
436
103,220
34,997
5,599
83,038
59,365
132,786
415,628
6,577
8,334 1,910,272
449,357
3,846 1,406,341
1,202
5,048 1,855,698 14,911 2,325,900
Imports of Leading Articles.
The following table, compiled from Custom
January 1, 1880, and for the same period in 1879:
[The quantity is given in packages when not
1880.
China
Eartlienw
Glass
Glassware.
Glass plate.
Buttons
Coal, tons...
12,157
6,181
3,452!
Spelter, lbs
882,495
68,332
16,618!
5,421
2,105
4,040
8,356
343,015
1,172
6,602
3,663
Hark, Peru.
Blea. powd.
803
Cochineal..
.
Lead, pigs.
3,798
1,001
Drugs, &c—
Gambier
1,229
1,419
.
Cocoa, hags.
Coffee, bags.
Cotton,bales
7,718
1,630
.
Gum, Arab.
848
Indigo
Madder, &c
Oil, Olive..
Opium
Soda, bi-cb.
Soda, sal...
Soda, ash..
..
..
Flax
Furs
Hair
Hemp, bales
Hides, Ac.—
Bristles
,
278
6,871
106
3,250
9,867
13,679
1,399
1,820
Gunny cloth
..
.
600
3,124
21,920
450
2,213
India rubber
14,956
250
Jewelry,<fecJewelry...
Watches
Linseed
.
.
494
129
Molasses....
23,763
5,484
Metals, Ac—
Cutlery
1,192
Hardware...
196
643
1,520
4,495
5,519
52,551
Steel
Tin, boxes.
Tinslbs.,lb8
Paper Stock.
Sugar, hhds,
tcs., & bbls.
339,767 Sugar, boxes
1,487 and bags...
Tea
8,636 Tobacco....
1,517 Waste
524 Wines, Ac.—
13,194 Cliamp’gue
621
7o9
baskets..
Wines
1,032 Wool, bales.
2,620 Reported by
201
value.
4,715 Cigars
10,818 Corks
8,473 Fancy goods
365 Fish
1,052 Fruits, Ac.—
100
752
26,289
Lemons
..
Oranges
.
...
Nuts
Raisins
Hides,dr’sd
Ivory
1880.
143 Hides,
659 Rice
....
undr.
380.
86
Cassia
Ginger....
Pepper....
Saltpetre
...
113,409 Woods2,285 Cork
Fustic
829
85
Logwood
..
Mahogany.
613,298
1,872
13.172
175,400
5,708
510,490
92,062
88,640
13,648
25,512
1,002
1,532,204
56,905
3,330,940
1,283,106
778,177
749,960
25,685
5,212,368
121,440
3,823.929
1,078,943
743,523
78,430
.bbls.
..bbls.
.bush.
.bush.
Flour, wheat
.
Com meal
Wheat
Rye
Com
Oats
.bush.
Barley and malt....
Peas
.bales.
..bbls.
Cotton
Cotton seed oil
Flax seed
Grass seed
241,027
4,615,783
41,812
50,333
1,600
77,218
9,248
142,490
2,042,089
16,906
53,044
457,482
307,417
17,321
341,841
179
65
12,056
13,518
21,309
$
281,410
8,564
121,072
80,785
190,295
12,747
111
Hides
.ba^s.
3,128
1,454
Hides
.bales.
141
Hops
.bales.
9,018
10,200
7,030
$
206,004
13,707
97,718
64,636
77,026
340,908
160,168
269,410
5,312,207
1,798,036
45,716
11,610
455
719
Lead
Molasses
Molasses
Naval Stores—
1,751
45,833
10,117
20,812
26,888
108,194
55,971
66,536
22384
136,877
3,020
202.380*
5,602
3,047
42,921
23,826
9,322
3,363
538,415
11,901
7,863
2,574
55,882
38,159
19,797
15,571
639,142
350,959
4,941
......
......
32,583
991
281
536
Turpentine, crude.. ..bbls.
50,065
675
182
6,338
37,350
217
13,464
48,970
3,135
..bbls.
25
271
453
Oil cake
-Pkgs.
17,094
63,503
Oil, lard
Oil, whale
..bbls.
95,764
1,213
2,953
23,553
19,620
1,813
13,661
7,097
\ 303,219
Rosin
Tar
Pitch
bbls.
spirits.. ..bbls.
.
2,834
150
......
3,790
4,022
'
‘
Peanuts
Provisions—
Pork
Beef
Cutmeats
Butter
Cheese
Eggs
Lard
bush.
.
905
-Pkgs.
-Pkgs.
.pkgs.
34,661
17,691
4,744
13,164
8,016
1,693
4,939
1,439
-pkgs.
..bbls.
tcs. & bbls.
Lard
...No.
Hogs, dressed
Rice
.pkgs.
Spelter
.slabs.
18,531
160.291
513
417
10,238
6
61
706
hhds.
104
-Pkgs.
boxes A cases.
2,737
4,167
1,138
7,065
6,269
16,700
24,940
7,508
51,613
4,656
20,598
21,506
18,259
3,917
58,478
8,846
...
...
Sugar
Sugar
Tallow
86,899
59,163
71,571
17,521
27,611
15,136
55,022
7,851
375,852
199,858
157,317
32,723
202,600
6,537
44,769
6,328
•
.pkgs.
Stearine.*.
.hhds.
..bbls.
bales.
Wool
2,849 ■*
235
5,612
*
of Domestic Produce.
Exports ot Leading Articles
following table, based upon Custom House returns, shows
exports from New York of all leading articles of domestic
The
the
produce for the week ending with Tuesday last; also the export*
from the 1st of January, 1880, to the same day, and for the cor¬
responding period in 1879:
Week ending Since
1
90
bbls.
bbls.
20^:
J
Cora
Candles— !
Coal
Cotton
Domestics
....
444,763
576
19,745
25,319
4,160,270
5,499,900
283,264
564/449
22,964
26,520
1,217
.bush.
.bush.
...bush.
4,409
624,476
7,942
5,580
18,131
...bush.
...bush.
116,840
Rosin
...
1,697
7,654
1,565
1,331
-
1
bbls.
.gals.
....gals.
....gals.
....gals.
....gals.
878
3,467
30,684
821
Lard
Linseed
Petroleum
Provisions—
Pork
Beef
Beef
Cutmeats
...bbls.
....bbls.
.tierces.
Cheese
Lard
Rice
Tallow
Tobacco, leaf
Tobacco
bales
-
Whalebone
864
249,512
13,486
524
40,348
72,359
3,939
6,825,059
49,826,091
4,909
34,694
7,594
10,981
82,640,029
3,519,416
790
1,073
lbs.
....bbls.
5,357,878
160
721,817
1,148
523
213,533
m
—
24,396
962
806
297,662
428,052
Tobacco,manufactured, lbs.
,
322,217
lbs.
...hhds.
and cases.
100
1.949
92
8,427,810
—
6,731
7,733
40,234
*
..
Sperm
9,939
12,169
51,881
21,905-
11,438
34,199
15,186
13,342
1,720
300
121
....bbls.
4*725,340
*
......
bbls.
....bbls.
...
Tar
Pitch
Oil cake
Oils—
Whale
93,973
3,501,024
8,471
688
...pkgs.
700
90,319
48,921
949
...bales.
Spirits turpentine-
7,229
591,914
...pkgs.
Hay
Hops
10,050
15
..
Peas
433
43
61,091
..
Barley
30
bbls.
bbls.
Wheat
Oats
Same thnfe
last year.
....bbls.
Cora meal
Rye
1,
188
>•
2,e«F
Flour, wheat
Flour, rye
Jan.
1880.
Feb. 24.
♦
‘Butter
84,798
6,309
157,108
28,161
-
60,705
Naval Stores—
Crude turpentine.
65,414
365,448
197,016
273,525
16,134
82,301
243,327
Breadstuffs—
9,707 Spices, &c.—
149
66,375
Breadstuffs—
Beeswax
1879.
Metals, Ac-
China, &c.—
955
16,433
Ashes, pots
Ashes, pearls
otherwise specified.)
1879.
609
7,921
House returns,
foreign imports of leading articles at this port since
shows the
78
Whiskey
140,682
36,042
52,646
155,963
Same timelast year..
683
Tobacco
Tobacco
SAME PERIOD.
ENTERED FOR WAREHOUSE DURING
Manufactures of—
Wool
1S5
116
1,
Ashes
Turpentine,
$
$
314,807
316,123
508,940
146,558
119,913
743
Value.
WAREHOUSE AND THROWN INTO THE MARKET DUR¬
WITHDRAWN FROM
on
26, 1880.
Jan.
1880.
Beans
Leather
CONSUMPTION FOR THE WEEK ENDING FEB.
1878.
Total
week ending
of 1879 and
Since
Week ending
Feb. 24.
material advance upon
•
•
-
• •
,
10,181,067
34,146,114
1,827
8,077,623
12,014
8,380
1,256,266
26,497
14,161
23,521
152,218
1,348
20,526,007
37,613
7,592
8,574
137,993,100
5,297,486
15,075,50552,108,729
3,058
12,185,231
6,307
5,670
1,151,379
8,163
THE CHRONICLE.
232
Canadian
Nederlandsche
Bank
OF
CANADA.
$5,500,000 Paid Up.
Capital,
Trading Society
GEORGE HAGUE, General Manager.
WM. J. INGRAM, Asst. General Manager.
BANKERS:
LONDON, ENG.—The Clydesdale Banking Comp’y.
NEW YORK—The Bank of New York. N. B. A.
The New York Agency buys and sells Sterling Ex
change. Cable Transfers, issues Credits available in
all puts of the world, makes collections in Canada
ana elsewhere, and issues Drafts payable at any of
the offices of the bank in Canada. Demand Drafts
issued payable in Scotland and Ireland, and every
description of foreign banking business undertaken.
Paid-up Capital, 36,000,000 Florins.
Execute orders for the purchase or sale of Merchan*
dlee, Bonds, Stocks, and other securities. In the
United States, Europe and the East; make Collections,
buy and sell Foreign Exchange, and give advances
upon Merchandise for Export.
OLIVER 8. CARTER, 1
Agent*
STANTON BLAKE,
\
for
HENRY E. HAWLEY, ) America
New Yoke, January 1, 1879.
Office, 142 Pearl Street
Received and interest Allowed.
Choice RAILROAD and MUNICIPAL
SECURITIES For Sale.
Brewster, Basset & Co.,
BANKERS,
No.
CONGRESS
35
COMMISSION
MERCHANTS
AMSTERDAM, HOLLAND.
N. Y. Correspondents.—Messrs.
CAPITAL,
-
-
$12,000,000, Gold.
5,000,900, Gold.
GEORGE STEPHEN, President.
C. F. SMITHERS, General Manager.
Boston, Mass.
OFFICE,
WALL STREET.
A 61
WALTER WATSON,) A£rpnfs
A.
£ Agents.
Lang,
BLAKE BROS. & CO
Hong Kong & Shanghai
Parker &
and make collections in
WALTER, Agent,
on
California Banks.
Nevada
The
Office, No. 9 Blrcliin Lane.
OF
AGENCY
OF
WALL
52
America,
STREET.
62 Wall Street.
Ronds,
GEORGE L. BRANDER, Agent.
Issues Commercial and Travelers’ Credits available
Buy and sell Sterling Exchange and Cable Trans¬
fers. Issue demand drafts on Scotland and Ireland,
also on Canada, British Columbia, Portland, Oregon,
and San Francisco.
Bills collected and other banking business trans¬
acted.
D. A. McTAVISH, )
W. LAWSON,
5 Agents*
—*•
-
Imperial Bank of Canada
F. H.
of the world. Draws Exchange, Foreign
Transfers of Money by Tele¬
graph and Cable. Gives special attention to Gold
and Silver Bullion and Specie, and to California
Collections and Securities; and arranges to pay
and Inland, and makes
Dividends
on
such securities at due dates.
Bankers, London, SMITH, PAYNE & SMITHS,
UNION BANK OF LONDON,
do
do
do New
York, BANK OF NEW YORK, N. B. A.
do
do
Anglo-Californian Bank
(LIMITED).
LONDON, Head Office,- 3 Angel Court.
INGEBSOLL, WELLAND, DUNNVJLLE, FERGUS.
SAN FRANCISCO Office. 422 California St.
Dealers in American Currency and Sterling Exchange*
Agents In London:
I Agents In New York:
98 Lombard street.
|
j
Bank of Montreal,
59 Wall street,
ptest attention paid to collections payable in
,ny par
NEW YORK
narwmai
Foreign
Agents, J. & W. Seligman* Co.
Authorized Capital, Paid up and Reserve,
-
$6,000,000.
-
1,700,000.
general banking business. IssueUommercial credits and Bills of Exchange, available in
all parts of the world. Collections and orders for
Bonds, Stocks, etc., executed upon the most favor¬
able terms.
FRED’K F. LOW,
\ Mana_p„
Transact
Approved Canadian business paper, payable in gold
or currency, discounted on reasonable terms, and
proceeds remitted to any part of the United States by
gold or currency draft on New Tork.
a
IGNAT2 STEINHART. J
P. N. LILIENTHAL. Cashier.
Bankers.
PLACE,
BOSTON.
Jackson & Curtis,
'
STOCK
BROKERS,
SIMMONS’
BUILDING,
Boston, mass.
Bankers.
Southern
Wilson, Colston & Co.,
AND
BANKERS
BROKERS,
BALTIMORE.
INVESTMENT
and
ipecialtv.
Correspondence
VIRGINIA
solicited
and
SECURITIES
a
Information fur*
aished.
N. Y. Correspondents—McKim Brothers & Cq.
managers.
A. K. Walker, Cashier.
First National
Bank,
WILMINGTON, N. C.
Collections made
:
8T. CATHARINES, PORT COLBORNE, ST. THOMAS
Bosanqubt, Salt & Co.,
EXCHANGE
7
S. E. Burbusb, Pres’t.
H. S. HOWLAND, President; D. t». WILKIE, Cashier
Branches
BROKER
American Exchange Nat. Bank.
THE
OFFICE, TORONTO.
Peck,
AND
BANKER
in any part
Capital, $1,000,000.
BEAD
STREET,
BOSTON.
Bank
invested in U. S.
$3,500,000 Gold.
Surplus,
of
British North
Stackpole,
No. 68 DEVONSHIRE
No.
FRANCISCO.
SAN
New York Agency,
THE
Bank
No.
59 Wall St.
Chicago and throughout
the Dominion of Canada.
London
JOHN
Board
BANKERS,
Francisco and London.
Buy and sell Sterling Exchange, Francs and Cable
Transfers; grant Commercial and Travelers’ Credits
atailable in any part of the world; issue drafts
Commission at Brokers
on
Investment Securities constantly on hand.
$5,000,000
1,400,000
HONG KONG.
The Corporation grant Drafts and negotiate or
collect Bills payable at Bombay, Calcutta, Singapore,
Saigon, Manila, Hod? Kong, Foochow, Amoy,
Ningpo, Shanghai, Hankow, Yokohama, Hiogo, San
Commercial
Auctions, and Private Sale.
BANKING CORPORATION.
CAPITAL (paid-up).......
RESERVE FUND
and
iaper.
HEAD OFFICE,
NEW YORK
Nos. 59
STREET,
Dealers in Stocks, Bonds, Gold
ANT>
Bank of Montreal.
SURPLUS,
Geo. H. Holt.
Geo. Wm. Ballou.
Orders executed
-
BOSTON.
BANKERS
? Aeenta
Agents*
72 Devonshire St.,
Street,
NEW YORK.
New York,
Adolph Boissevain & Co.
NewYorkAgency, 48 Exchauge-place.
JR., >
8 Wall
Deposits
($14,400,000, Gold.)
OFFICE, MONTREAL.
BANKERS,.
,
ESTABLISED 1824.
Vice-President, JOHN MCLENNAN, ESQ.
HENRY HAGUE.
JOHN B. HARRIS
BOLL AN D
OF
Bankers.
Geo. Wm.Ballou&Co
Handel-Maatschappij,
The Netherland
President, the Hon. JOHN HAMILTON.
BEAD
Boston
Foreign Bankers.
Banks.
Merchants’
| VoL. XX X.
on
all parts of the United 8tates
THOS. P. MILLER, R. D. WILLIAMS, JNO. W. MILLER
CHAS. B. MILLER.
Thos. P. Miller & Co.,
BANKERS,
MOBILE,
ALABAMA.
Special attention paid to collections, with prompt
remittances at current rates of exchange on day of
payment.
Correspondents.—German-American Bank, New
York; Louisiana National Bank, New Orleans; Bank
of Liverpool, Liverpool.
Financial.
Nederlandsch Indische
Stanton D.
Ilandelsbank,
AMSTERDAM,BOLLAND.
.
($4,800,000 Gold.)
No.
51
Isgue commercial credits, make advances on
ship*
ments of staple merchandise, and transact other
Business of a financial character in connection with
the trade with the Dutch East Indies.
BROTHERS &
81
WALL
STATE
STREET,
Dealer in CITY,COUNTY and RAILROAD BONDS
Chas. A. Sweet & Co.,
America,
BOSTON.
Beers, Jr.,
BROOKLYN SECURITIES, CITY BONDS,
HAS
No.
JL
Stocks, Ac.,
REMOVED
NEW
TO
STREET,
Us.r 1,1879.
NEW YORK
Sheldon &
Wadsworth,
10 WALL
BANKERS
AND
STREET,
DEALERS
IN
BANKERS
BONDS
CO.,
STREET, NEW YORK,
88 STATE STREET
BROKER,
BOSTON.
Agencies in Batavia, Soerabaya and S&m&rang.
Correspondents in Padang.
Agents for North
N. T.
Gas
BANKER AND
HEAD OFFICE IN AMSTERDAM.
BLAKE
Loring,
LATE CASHIER BLACK STONE NATIONAL BANK)
Established in 1863.
PMdaUp Capital, 12,000,000 Guilders
_
Boston Bankers.
40 STATE
STREET, BOSTON.
DEALERS IN GOVERNMENT
State. City* County and
SECURITIES, Gold
Railroad Bondi
AND
STOCKS.
All classes of negotiable securities bought and
sold at the Stock Exchange on commission. Adanoes made on same.
Wm. C. Sheldon.
Wm. B. Wadsworth.
@FedFRASER