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STA STIC o= zhwu=szL zlszc = ..,.=0==5M iif INANCIAL R-EVIEW.' 1 ~ (ANNUAL.) I PROPERTY OF KOUNTZE BROTHERS, Bi.NKER JUN 12 19f2 NRW YORK. OMMERCE, BANKING INVESTMEN,T~. v CONTENTS: Financial Retrospect of 18 78. 17 LIB A N Pli>ERlL .RESER OF NEW ~C A For eign Exchange-Methods of Quoting-Prices in NE1w York, 1870-78, inclusive. Busines Failures in -t ile United States. Bankin 0 and Financial-~ United States Na tional Bank Figu re~, and Currency Movements-New York City .Bank Re turns, &c.-London Money Market and Bank Retu rns. Commerci I-United States Foreign Commerce, Trade Balance, Exports and Imports of Leading Articles, Tonnage of Trunk Railroads and Canals-Prices ot 1erchandise for a Series of Years. New York l\loney Market-CourE:e of Market and Prices of Call Loans and Commercial Paper since 1871. Gold and Silver -Production, Exports and Imports of Gold and Silver in the United States-Prices of ► il ver in Londo n -Prices of Gol:l in New York from 1 62 to 1878, inclusive. I nvestments and Speculatio n-Principles relating to Investments-Compound Interest Table, showing ac. cumulation of meney in a series of years-'r!i.ble showing the rate per cent realized oh securi ties pur· chased at different prices-Stock Speculation in New York-Table showing the Interest Cost of Carrying Stocks. J United States Debt and Securitie -Debt of the U nited States yearly since 1791-Terms of Pt1yment of BondsPrices of United States Bonds, !860 to 1878, inclusive. State Debts and Secul'i ties-State debts and immunity from prosecution-Prices of State Securities, 1860-1878. Railroads and their Securiti es-Railroads of t he United States-Railroad Earnings-Prices of Railroad Bouds ' 1872-1878, inclusive-Prices of Stocks, 1860-1878. ) WILLIAM B. DANA & CO., PUBLISHERS, OF THE C OU lllERCIAL AND FINA N CIAL C HRON ICl.,E, 79 & 81 W IL LIAM STR E ET, i ill =xs C?QfP ;~~a~~= =-1M-19J! N"E""'vv -YORK_ red ,ceonliog to Aet or Congce,s, m the yea, 1579, hJ; W,LLm, B. DANA & Co., Publishe,s of the" Commerelal and Finaneml Ch,~nlele" ' in the offiee of t e L ihwlan of Congreos, W "'hington, D. C, l https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis OFFICE OF THE ATLANTIC j MU'fUAL INSURANCE COMPANY~ NEW YORK, January 22, 1879. The Trustees, in Conformity to the Charter of the Company, submit the following Statement of its affair~ the 31st December, 1878: Premiums received on Marine Risks, from 1st January, 1878, to 31st December, 1878 ............................. $4:,009 300 47 Premiums on Policies not marked off 1st January, 1878. . . . . . . . . . . . . . . . . • . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1,848,6~7 R&. $5,siS,of Total amount of Marine Premiums ................................•... : . ........•.......... - . • ... • • •. • ·· G 83' No Policies have-been issued upon Life Risks; nor upon Fire disconnected with Marine Risks. Premiums marked off from 1st January, 1878, to 31st December, 1878 .............................. • ... • • • • • • • • $4: 186,0l' 4 92: Losses paid during the same period ...........................•..•........................... . $2,012, 784: 45 Returns of Prc>miums and Expenses .............................................. . $859,960 58 'fhe Company has the followin.{ AstJets, viz.: United States and State of New York Stock, City, Bank and other Stocks ...................................... . $10,086,~58 00 Loans secured by Stocks, and otherwise ................................................................. ._... 704,200 00 Real Estate and Claims due the Company, estimated at................ . ....................................... 619,034 50 Premium No~es and Bills Receivable ........................................................... ,............. 1,529,259 74:1 Cash in Bank ........................ . 381,210 92 J -----:;----· Total Amount of Assets ....................................................... . ........................ . $13,320,463 16. SIX PER CENT INTEREST on the outstanding certificates of profits will be paid to the holders thereof,. or their legal representatives, on and after Tuesday, the 4th of February next. THE OUTSTANDING CERTIFICATES OF THE ISSUE OF 1875 will be redeemed and paid to the holders thereof, or their legal representative?, on and after Tuesday, the 4th of February next, from which date all interest thereon will cease. The certificates to be pr0dueed at the time of payment, and cancelled. A DIVIDEND OF THIRTY PER CENT is declared on the net earned premiums uf the Company forthe year ending 31st December, 1878, for which certificates will be issued on and after Tuesday, the 6th fof May next. By order of the Board, J. D. C:HAP.MAN, Secretary. TRUSTEES: J. D. JONES, CHARLES DENNIS, W. H. H. MOORE, LEWIR CUR'l'I~, CHARLES H. RUSSELL, JAMES LOW, DAVID LANE, GORDONW. BURNHAM, FRANCIS SKIDDY, WM. S'l'URGIS, ADvLPH LEMOYNE, ,JOSIA3: O. LOW, WILLIAM E. DODGE, https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis ROY AL .PHELPS, THOMAS F. YOUNGS, C. A. HAND, JOHN D. HEWLETT, WILLIAM H. WEBB, CHARLES P. BURDETT, HORACE GRAY, EDMUND W. CORLIE:3, JOHN ELLIOTT, ALEXANDER V. BLAKE, ROBT. B. MINTURN, CHARLES H. MARSHALL, GEORGE W. LANE, ROBERT L. STUART, JAMES G. DE FOREST, FREDERICK CHAUNCEY, CHARLES D. LEVERICH, WILLIAM BRYCE, WILLIAM H. FOGG, PETEH V. KING, THOMAS B. CODDINGTON, HORACE K. THURBER, A. A. RAVEN, WILLIAM DEGROOT, BENJAMIN H. FIELD. J. D. JONES~ President. CHARLES DENNIS~ Vice-Preside: --VV. H. I-I. MOORE., 2d Vice-Presid A. A. RAVEN., ad "Vice-President. THE FINANCIAL REVIEW. 3 ANU A RY , RETROSPEC r OF 1878. In many respects the year 1878 was one of the most remarkable which has yet occurred in the financial history of the United States. At the close of the year there was, u.pon tlie whole, a fairer prospect for coming prosperity in commercial and financial affairs than there had been at the close of any year since the crisis of 1873. In December, 1878, the commercial_ failures in New York city mvolved liabilities of about $1,850,000, against liabilities in December, 1877, of about $8,000, 000. In taking a general view of the leading events of the year, we find that the money market was easy throughout; the prolonged discussions in Congress on the Silver Bill and other financial measures exerted a malign 1 inB.uence; the movement of the crops of 1877 and 1878 was very large, furnishing the basis for an increase in railroad earnings an.d a. remarkable excess in foreign exports over imports ; the number and amount of mercan' tile failures in the first eight months of the year were far in excess of 1877, and culminated with the repeal of the bankrupt law which to ok effect on the first of September; sales of railro:1d and public lands in the first six months of the year were large b eyond precedent; yellow fever prevailed in foe 8011th with a virnlence previoasly unknown, spre:1.ding into th v le.1:i ing cities and villages of L ouisiana, Mississippi, and west Tenne3see; a large decline in prices of m':1ny important articles of domestic produce was marked during the year; depression and uneasiness occurred in England after the failure of the City of Glasgow bank on the secon~ of October; the U. S. Treasury sold for resumption pnrposes $50,000,000 of 4½ per cent bonds, through a syndicate, and also sold through popular subscriptions about $ 130,000,000 4 per cent bonds for the redemption of five-twenties ; the gerieral elections in November were accepted as a practical defeat of the greenback and silver inflation element in politics; gold declined to par in New York on the U-th of December, 1878, after ruling at a premium since the early part of January, 1862. Before the opening of the year 1878, influences had for some time been at work which were calculated to restore health to the shattered business interests of the country. The presidential question bad been settled for another four years and quiet was restored throughout the land; the yield of cereals, cotton and other raw products had been of so large a volume as to stimulate trade in ma~1y branches; the exports of domestic products were largely in excess of the imports of foreign goods, and specie shipments had accordingly declined; money had been abundantly easy, and at the same time the elasticity in our currency laws had permitted a voluntary and healthy contraction in the outstanding volume of governiv.ent legal-tender notes; 1879. gold was quoted on December 31, 1877, at 102¾, In a. word, the country, on the 1st of January, 1878, was waiting for -a single element in the commercial situation to make a stride towards the recovery of its prosperity. That element was merely the removal of uncertainty as to the future of the currency. The simple assurance that the laws then on the statute books should remain sabstantially unchanged; that matters should be let alone, and the steady progress already made towards specie payments should be permitted to go on uninterrupted, until gold payments for legal-tender notes should become an accomplished fact on the date fixed by law-January 1, 1879. Under these circumstances, it was a misfortune that the great desideratum of the moment was withheld, and Congress, instead, was engaged for months in the agitation of bills for the repeal of the specie resumption act, the unlimited coinage of silver dollars as a legal tender, the discontinuance of the further retirement of greenbacks, and other matters of minor importance, but all of an unsettling character. It was not until summer that the uncertainty was finally terminated by the adjournment of Congress, after passing the modified silver coinage law, directing the coinage of 2,000,000 to · 4,000 1 000 silver dollars per month, and the law which stopped the further withdrawal of government notes. This reference to the action of Congress is given merely as a part of the year's history, l;),nd without political bias or intent to impugn the good motives of members of the National L egislature . . To a careful observer of the course of finan" cial affairs during 1878, it is apparent that the cloud of uncertainty projected into the business horizon by the transactions in Congress throughout the first half of the year formed the most potent influence of that period. There was a large decline in the prices of many articles of domestic produce, and the table below shows that cotton, corn, wheat, pork, wool and iron fell off to abnor. mally low prices. The export movement in all of these was heavy, but not sufficient to clear off the surplus left by two successi\.-e years of abundant yieid. The full influ. ence felt and to be felt from the immense out-turn of domestic products in the two years 1877 and 1878 had not been fully realized. The results of agriculture, including live stock and provisions, and of mining, including the precious metals as well as coal and petroleum, were of so large a volume as to force down prices; and in some instances to the lowest p oint r eached in many years. This furnished cheap food, clothing, fuel and lights to the working man, while the producer, carrier and commission merchant should have reaped a fair profit from the greater quantity of produce handled, although at the lower prices. The number and amount of mercantile failures rn the first eight months of 1878 was much in excess of the LEllt:>red n.cc~rdiug to A.ct o! C->ngres3, in the yc1,t· t879, hy Wcr,Lr.ur B D \.NA. & Cu., Publishers or the "Commer cial and Financial Chronicle in the office o! the Libn,rian of Congress, at Washington, D. C.J https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis 2 RETROSPECT. same period of previous years. Tbi s nominal increase was undoubtedly owing in part to the fact that the repea.l of the bankrupt law took effect on the 1st of September, and many parties went into insolvency shortly prior to that date, in order to avail themselves of the provisions of thEJ law . . The mercantile embarrassments were also increased by the uncertainty in regard to financial affairs, caused by the action of Congress above alluded to, which put a check upon healthy activity m the markets. The changes proposed in the tariff and kept under discussion for.months were also the direct cause of the failure~"'of some houses and of serious losses to others. The foreign trade movement of the U nited: _states pre-. sented an excess in the exports over imports which was far beyond the anticipations of the most sanguine. For the eleven months ending with November 30_, the excess of exports over imports, taking merchandise and specie together, was $267,79 1,3 13, against an excess of $124,603,710 in the same period of 18 7 7. This large balance enabled the country to take back from abroad som0 $100,000,000 or more, of its government bonds, and assisted the Treasury Department in accumulating the gold required for the resumption of specie payments. A feature of the year worthy of some attention was the large quantity of government and railroad lands sold in the first six months. A great proportion of the~e lands. was sold to actual settlers, and the sales were unquestionably stimulated by the prevalent depression in mercantile business in cities, and by the unusually large profits which had been derived from farming operations in 1877, when the large crops, cheap transportation, and good prices received in consequence of the war:· in Europe, enabled those engaged in agricultural pursuits to show larger net profits than they had obtained in many years. The yellow fever raged in the South in August, September and the first half of October to an extent which went far beyond anything in previous experiences of that malignant epidemic. The principal cities and villages of Louisiana, Mississippi and we.st Tennessee were subject to its ravages, and the loss of life and pecuniary damage by _the check put upon business were immense. ' On the second of October the astonishing intelligence Wf\S ·cabled from London that the City of Glasgow bank had failed with liabilities approximatmg £10,000,000. This institution had been regarded as one of great strength until ·within a comparatively short period, surrounded as it was by the proverbial safeguards which a personal liability of stockholders has given to the Scotch banks; but a course of over-trading, too large advances on merchandise, accommodation to directors, and drawing bills against nothing, finally brought the bank into a state of insolvency. Following the Scotch bank failure· came the suspension of several heavy mercantile firms, and the financial outlook in London about the 20th of October was exceedingly gloomy. The Bank of England lost specie rapidly, and advanced its discount rate on the 14th to 6 per cent., at which it remained until the 20th of November, when it went to 5 per cent., and so stood until the end of the year. The last quarter of the year showed a decided_improvement in the tone prevalent in commercial and financial circles. Mercantile failures decreased very much after September 1 ; the yellow fever was checked by the middle of October; the Fall movement of crops was very heavy; the elections early in November were accepted as a prac tical defeat of the paper money and silver inflation element in pblitics, embracing the "National-Greenback-Labor" party ; and finally there ·was a confident assurance that https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis sp~cie payments would be resumed on the :firs(of January, 1879, which resulted in a disappearance of _the premium on gold on the 17th of December, 1878, when gold and United States legal-tender notes were quoted at par. The following summary shows the condition of the New York Clearing-House banks, the premium on gold, rate of foreign exchange, and prices of leading securities and articles of merchandise, on or about the 1st of January in each year, from 1876 to 1879, inclusive: BT.A.TISTIOAL &UJIUlARY ON OR ABOUT JANUARY 1, 1819. New York City BanlcsL.oan s and <liscc unt,a .. $ 235,824,4r o Specie . . .. .... . ..... $ 20, 514,100 Circu lation ....• • . . .. ... $ 19,576.700 Net dtp osits .. .. . .. ... $ 203,209, 700 L egal tenders .. ..... . $ 40,7h7,100 Surp. reserve (over 25 %)$ 10,478,775 M oney, Gold, ExchangeC11ll loaa s.. .. . .. ..... . . 4-7 Prim e p!iper . ...........• 4½-5 G old . .... . . . .. . .. . 100 Silver in London,~ oz .. 49¾d. Prime sterl . bills 60 days. 4 82-4 82,¾ United Statts I onds5-20 bO'ldS, '67, coup .... 102¼' 6s, currency . . . . .. •. ..... ll!J¾ 10-40s coupon .....•... . l()S¼ 4,½ s, 18!H, coupon . .... . 104¼ 4s of 1907, coupon .....• 991/s Railmid Stocks N. Y. Cent . & Hud ..... . 114¾ Eri e ... . ... . ..... . . • . 2-J¼ Lake S. & Mich So .. ... . 69 11 73¼ 120¼ llliuois Central . . . . .. .. 80½ Chic. & Northwe!!t. com . /i O,¾ Chic llfil. & St. P. c om . 37¾ Del. Lack & W 1::st .. . .. . 43 ¼{ l entrti1 of N. J ... . . ... .. 33¼ MerchandiseCo tton, Mi ,!. Up., :@ 1b . . 9 7-16 Wool. Am. XX ~ 1b . 30-36 Iron,Am. pig No.l,1ll ton 16 50-18 00 Whea!......No.2 spirng,1!1 bo 96-9S Corn, west. mix,~ bueh. 44-48 Pork. meR~, ~ Il l)! . . 7 10-7 20 ~f~i1t:. ~:t1 ~ac.:::: 1878. 1876 T0~879. 1877. 1876. 239,173 900 253,:328,600 22,122,400 3:1,0-l!J,'iOO 19,ti57,800 15,268,700 l97,7 11,8l,0 212,461,100 35,300,5\JO 34,975,100 7,~94,950 14,909,525 264,062,500 20,n3, :-JO·I 18, i 91.000 204,511:!,100 3!1,!l24.900 9,013,67.'> 'Hi n. d 5-6 6½-7¼ 113¼ 55,¼d . 4 84¼-4 85 6-7 5,¾-6 ½ 107¾ 56;,; d 5-6½ 102½ 54d. 4 82,--4 82½ 4 83)( -4 84 113% 121¼ 122¾ 107½ 113¾ 118 103¼' 101¼ lll8¼ 105¼' 118½ 119¼ 1(1.5 106¾ 8½ 15¾ 61¼' 59½ 105 lrE½ 39¼ 3.'>½ 120¾ 1-03½ 6i¾ 62 100¼ 74 :l5½ 36¼ f>l 13,¾ 11 5-16 33-47 18 (l0-19 00 1 30-1 33 5~53 12 25-1'2 50 12¾ 37-48 20 5'i-21 00 1 ::!8-l 41 58-62 17 2 j- BM 23~=f~o1 .. 1 2'2- 1 27 5H3 20 65-2 1 00 CITY BANK MOVEMENTS. The continued taxation of the banks, both local and nationaJ, and the decreasing profits made in banking bu~iness, induced many of the larger institutions to reduce t heir capital; and the reductions in. New York cit y alone amounted to about $5,000,000 in the year At ·the ope •iiug of the year the N1-1w Yo rk Ci ty Clearing-House AsRociation had .fifty-seven banks, with $67,935 000 of capital, and at the close fifty eight banks, with $62,707,900 of capital, the Cnase national, with a capital of $300,000, having co~menced business during the year. As showing the c1ndition of the Now York Clearing-House banks 11.t or abou t the commencement of each quarter, and at the close of the year, the following summary is furnished of their statements nearest to the dates named : Loans and D iscou r ts. January .•.• i 2 l9, 1,:-!.90ll April. . ... ... :141 ,590,900 Julv . .. .. ... 234,0 J!l, 400 October. . . . . 246,32:l.500 Jan.· 1, 1879.. 2 '35,824,400 Circulation. Specie. $22, 1~1,<100 $1'.l,1:i57.800 38, 767,fit,O 19.912,300 l!l,941,01'0 17,001,200 19,617, 800 18,199,600 19,576,700 2-0,514,100 Net Depo~its. $191 .711.800 21 0,378,400 199,dfi7,:JOO 216,:}32,000 203,209,700 L egal Tenders. 135.300,fiOO 29.425,400 47.218,0CO 45, !>tO, 7, .0 . 4·',767, 100 THE MONEY MARKET. The course of the money market after the first we.-k in January was one of almost uninterrupted ease. Just at the opening of the year th ere was the usual sharp turn in rnonPy, owing to local c>1 u ses incident to the large disbursements made here at that time, and about the first of April there was an advance in money for a day or two ; but with these exceptions the rate for money was conti nuously l0w until the first week in October. At .that time a 8light flurry took place, and rates wer,i forced up to 7 per cent by the withdrawal of gold from the market, but the speculati ve manipul ition was suddenly stopped by an order from the Secretary o( the Treasury directing the ~bbursefi:ent of l!Old for called bonds, on presentation, instead of waiting till th.t-' calls matured. In the last part of :.he year money was notably easy, ·and such low rates in November and December had probably n ever been known in this market. It was the policy of the government throughont tho year to keep monPy abundant and :i1imulate subscriptions to the 4 per cent bonds, and the h eavy balances l ef t on deposit with banks probably had much to do with the exceedingly easy condithn of the market. The following table will show the iate for call loans and fur prime commerc'. al paper in e!1ch week of the year: 3 RETROSPECT. Week ending FridayJan. 4 . . . .• . " 11. .... . . " 18. .. • " 25 ...... . Feb. 1.. ... . :: it::::: Dall Loans. 7 @ Mp.d. 6 @ 7 5 @ 7 4 @ 6 4 @ 6 4 4 " 22 ... . .. . 4 ® 6 @ 6 @ 5 Mch. 1. .. ... . 4 ~ " 8 ..... . 4 ® ,, 15 .. .. •. 4 @ " 22 ... · •· 4 @ 5 5 7 5 Prime P aper. 5 @7 f) @ 7 5 @ 6½ 5 @ 6½ 5 @6½ 5 (II, 6¾ 5 6 4½'@ 5 4½7o (j 4¾@ 6 4½@ 6 4½0> 5½ 4½@ 5½ " 29 ...... . 4 @ 6 April5 ..... . 6 ®1-32p.d . -!½@6 5 @ 6 " 12 . ... . . 5 @ 7 5 @ 6 " ~ 19 . .. .. . 4 @ 6 5 @ 5¾ " 26 ...... . 4 @ 6 May 3 ...• . •. 3 @ 5 5 @ 5¾ " 10 . . .... . 3 @ 5 4 @ 5¾ 4 1 @ 5¾ " 17 . .. .. . . 2 3,½@ 5 .. 24 .. ... . 2 @4 3¾@ 4½ " 31. . . ... . 2 (dl 4 3½ r/j 4½ June 7 . . . 2 @ 4 " 14... . 2 @ 3½ 3¼®4¾ 3¾@4 " 2l. .... . . 2 @ 3 " 28 ..• .... 1 @ 3 3 @ 4 Prime Week ending FridayCall Loans. Paper. JuJy 5. .. . .. . @ 2¾ :cl½@ 4 3,¾@ 4 " 12. .. .... @ 2½' :: it:.. : Aug. 2... . . . . " 9 ....•. " 2::l ....... " 16. .. .... i ~ll 3 @ 2½ @ 2½ 3 @ 4 @ 4 3 @ 4 3 @ 2½ @ 3 @ 2,¥ " 30. .. .. . Sept. 6... . . " . 13 . . . .... " 20 ... . " 27... . . Oct. 4 .. . . .. . 1 @ 2¾ l¾ tlj, 3 1¾@ 3 2 ~ 4 3 @ 5 " 25 . ..... . Nov. 1.. .. . .. " 8. . . . " 15 .. . . ... " 22 ....... " 29.. . .. Dec. 6. .. . . . " 13 . .... " 20 . .... .. ,. 27 . .... . 4 @ 6 4 @ 6 4. @ 5 3 @ 4 3 @ 5 2½@ 4 2½@ 6 2½® 4 3 @ 7 4 @ 6 ::. {L ::·· ! I~ ® In regard to city debts, there were very few new b onds issued, except for the redemption of othe:r bonds falling due, and the b est classes of city b onds ruled very high i n the marke t. The most ~otable transacti on of the y ear was t he subscription by Messrs. Drex el, Morgan & Co., and t heir associates, for the N e w York city 5 per eentgold loan of $6,U00,000 at the p~ice of 105·28. 4 3 @4 4 ® 5 3½@ 4 4 @ 5 RAILROAD AND MISCELLANEOUS STOCKS. 4 @ 5 4 @ 5 4 @ 6 4¾@ 6 4½@ 6 5 ,@ 6 5 @ fi 5 @ 6 5 @ 6 4¾@ 6 4½@ 5½ 4 @ 5¾ 4 @5½ 4 @ 5½ 5 an fi 4½@ 6 GOLD. There was very little interest in the gold market, and th e pre mium at no time rose above 102!, which was the opening price of the year. The silver bill was so greatly modifi ed before it became a law that its final passage on F ebruary 2~, over th e president's veto, had but slight effect on t he gold premium, as it was plainly seen that the coinage of only 2 ,000,000 silver dollars per m onth could not for a l on g time result in any serious i nflation. The price of gold d eclined gradually, until on the 17th of December the premium vanished and gold and gl'fienbacks were exchanged at par. FOREIGN EXCHANGE. Foreign exch ange ruled at mod erate prices during the greater part of the year, and only on ee or twice did the rates for demand sterling reach the point which enabled bankers to ship specie at a profit. The d emand fo~ bills for ordinary mercantile remittances was far below the sup ply made by the heavy shipment s of produce, and except for the large amount t aken by the imp orters 1 of United States bonds the market would have had no support to maintain prices anywhere near th eir u s ual a verage. 'rhe a·m ount of government bonds and othe r securi1ies bro ught home from fJreign countries during the year cannot be pr ecisely de ter'\ mined, but common estimates place it in the n eighborhood of $100,000,000. The r eturn movement was h eaviest in the early months of the yeR.r, while the silver bill was under discussion in Congress. UNITED ST.ATES BONDS. In the early part of the year there was some depression in the market for governments, owing to the discussion in Cong r : ss on the silver bill, and the unfavorable tone exhibited in rega rd to keeping faith wi th government creditors. Bonds ca m e home freely from abroad and were readily absorbed here without creating any such decline in prices as might have been anticipated. At this time the sal1:1 of n ew 4 p er cen t b onds had virt u al ly ceased, but shortly after the silver l a w had passed in it:3 greatly modified shape, there was a decided improvem ent, and in April Secretary Sherman ma:ie an agreement with a sy ndicate of bankers for the sale of $50,000,000 of 4½ p er cent bonds for resumption purposefl, and this agreem ent was speedily carried out, and the bonds sold and the proceeds turned into th e Treas ury. Secretary Sherman then invited subscriptions to the 4 p er cent loan directly with the Treasu ry, and from the early p art of July subscriptions ·were made very freely, enablin g the Sec!'etary to call in five-t wenty bqnds to the amount of about $120,000,000, the last call, dated the 18th of Decemb e r, cove ring the last of the issue of 1865 bonds. The rang e in prices for the y ear 1878, a nd the amount of each class of bonds outstanding- Jan. 1. 1879, were as follow,1: ~-Range during 1878 -._, -Amount J an. 1. '7!J--. Lowest. . Highest. Registered. f Coupon. 6P 1881.. .. .. . .. . .. coup. 105?/i' Feb. 25 1'0¼ June 27 i2Jll,00l ,750 $82,7:-,4.6r,o f.i:.; 5·20~, 1865 . .. . .. . coup . l!J2¾{' July 22 105¼ Ju ne 6 18,20~,ti50 7£:,879.!lOO f;s, 5-20s, 1867 . ... .. . coup. 104!,; Aug. 12 10S¾ June 27 117,622,51;0 1112,991,450 lis, 5-2{\s, 1s··s •· ...coup 106~4 J an. 2 111,¼'. June 28 16,209.50(1 21,255,800 5s 10 40 .. . .. ... coup. 10:1¼ l\ich. 1 lf:9;-,; July 29 141-,230,800 50,285,500 fu uded, 18S1. .. . coup . 102¾ Fe'l. 25 107½ July 30 2~3,175,500 255,264,850 4,½'s, 11-91. . . .. ..... coup IOI½ Mch. 110:;¼' Nov. 27 164,7 15,750 85,2<4,25u 4s. Hl07 .. . . ......... coup . 99¼ Oct. 3 102¼ Jan. 9 J:16,369,70 62,3:-JU,300 6s, currency..... . . . reg. 1!7¼ April 5 122¼ May 2:i 64.62::1.512 5: ST.A'£E AND CITY BONDS. · t t sho · St t d I e rn Th er e was com para ,.i· ve1Y 1·ttl erefl wn 111 a e an city b onds, as there were. few new d ev elopments to affect the mark ets. In T ennessee tberewas entire indifference as to any adJ'ustment of the S tate debt, and the most liberal propositions from b ondholders met with no enco uragem e nt. The Virginia · •• • bondholders in L rm d o_n m s. de a propo_s111on lll November for an adjustment of the S tate debt by tbe issue of 3½ and 4 per cPnt . . , gold bonds, but no defin ite conclus10.1 had been reac,ied a\ th~ close of the yt·ar. https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis In the market for railroad and miscellaneous stocks and bonds, th e r ecord of the year 1878 presented a s triking contrast to that of its predecessor, 1877.- 'l'he s econd quarter of 1877, from April to June, inclusi ve, witnessed the culmination of t h e long d epres-ion in railroad securities which set in after tb.e crisis of 1873. The comparalivel y small crops of 187u furnished a light buf!iness to the ritilroads in the firat six months of 1877, and a decr ease in earnings from this cause, as well as the decline in passenger traffic, as compared with the cen tennial year 1876,_made them show a large falling off in earnings. But with July, 1877, a recovery in railroad securities set in, which w as maintained, with only temporary inter ruptions, during the balanc ➔ of tha~ year and throughout 1878. · In the early m onths of 1878 there was much dulness in stocks, and prices were comparatively low. During the second quarter there was much more animation, and prices made a coosid~r a ble advance up to and including the month of July, when high figures were reached. Both the rrominent railroad companies of the Northwest-the Chicago & Nor thwestern and the Chicago M ilwaukee & St. Paul-paid dividends o n their preferred stocks, and the first-nam ed on its common, and all the principal grain. carrying roads showed earnings far in excess of the first six months of 1877. In July and A ug ust it became apparent tha• there bad been serious damage to the wheat crop in some of the northwestern states, and the stocks of the companies just named fell off v ery sharply to the lowest pdces of the y ear. In regard to the trunk line railroads to the W est, t he. important movement of the year was in the election of Mr. William H. Vanderbilt as president of the Michigan Cen tral Railroad , which, . with his control of the Lake Shore and the Canada Southern, placed under his management every line from Chicago eastward, north of th e P PnnsyJvanil\ Railroad's leased lines, and left the Cimada r oads without western connections. T he combination among the anthracite coal mining and carrying corporations was maintained through the year, and ·served t o keep up the prices of their stocks; but coal business was unsatisfactory, and the· combination was not renewed for 1879, owing to the objections of the Lehigh Valley operators, and prices of stocks fell off sharply in December. The business in railroad bonds i n the last quarter of the year was larg e b Pyond precedent, and much of it wa'l on speculative account. 'l' he Central Railroad of New Jersey re -organizatio n schem e was carried out by the re-adjustment of its securities. The Erie Railway w as sold under fore closure of the second consolida ted mortgage, April 24, and b ou ght in by trustees representing lhe English re -organization committee. The Canada Southern bonds were guaranteed as t o interest by the New York Central & Hudson River Railroad Company, and the stock, which had been practically v alueless, sold in D ecember at 45¼. The range in prices during 1878 and 1877 of the most active stocks sold at the New Y ork S rock Exchange is ,shown in the table below, as well as the date when the highest and lowest p oint was reached in the y ea r first named. Range for ,--Range dn ·ing 1873.---, 1877. Lowest. Highest. Low ~Ugh Central of New J ersey. . . . . .. . . . . 13½. Jan. 2 45¼' July 11 o 37¼ Chicago Burlington & Quincy. . .. ... .. . 90¼ Feb. 28 114 3✓.( July 15 94 li8¼ Chicago Milwaukee & ::,t. Paul.... . . .. 27½ Sept. 2 54¼ July 8 11 42¼ do do pref. .... o4 Oct. 14 8-!Ji July \l 40¼ 7-3¼ Chicago & Northwestern . . . . .. .... .. . 32¼ Aug. 10 55i., April 17 15 43¼ do do pref ........ . . 59;!.i Feb. !J 79¾ July 11 37¼ 69½ Chicago Rock l <>land & l'aciftc. . .. . . . . 98¾ J:in. 15 122 Dec. 3t 82½ ,05½ Delaware & Hudson Canal. .. . . . . . . . . . 34¾ Dec. 1:1 59 7{ July 10 25½ 74¾ Delaware Laokawan na & Western . . . 41 Dec. 28 61¼ July 10 30½ 77 Erie . . . . . . . . . . . . . . . . .. . . ... . . . .. . . . . 7¾ Jan. 5 2-2¾ Dec. 31 4½ 11> Hannibal & St ..Joseph. . . . . . . . . . . 10 Feb. 28 11i¼ Nov. 13 7 15.¼ • do do pref..... . ... . .. 21 ¾ Feh. 28 41¾ Nov. 11 17 33¼ Illinois Central.. .. ... .. . ... . .. . .. . . . . 72% Feb. l'1 87 July 1 I 40½ 79 Lake Shore . . . . . . . . . . . . . . . . . . . . . . . . 55.¼ June 29 71½ Dec. 31 45 73¾ Michigan Central........ . . .. . . . . . .. . . 5S½" Jan. 31 75 Dec. 31 25¾ 74¼ Morris & Es~ex. . .. . ... .. . . . . . . . 67¾ Feb. 28 89 June 10 51!,.t 92¼ New York Central & Hu:1son River . . . . 1037,.: Feb. 11 11 5 Sep t. 5 85¼ 109M Ohio & Mississippi. .. . . . .. . . . .. . . . . . .. 6¼ June 29 IH( l\pi•il t5 2½ 11¾ 0 11 1rn¾fa ~ ~~ WU;baeh ... ..... . . . ....... ,, • .. ,.... 12¾ ,Ju{le 26. 2:3¼ Nov, 11 • · ·· · ·..:.. ·· Un!on Pacific . ... . . , .. . . . .. . . . . . . . 61 ,4' July 81 73 Mch. 20 59¼ , 3 Western Union Telegr,1ph . . . . . . .. . . 75¼ Feb: 13 mi Oct 31 56 S4¼ Ari ams Express ·•\ · ·• 98 J an 8 109¼ Oct. 25 91 105 · American Elip~ess : : : ·. :: ·: ::::::: :.::: 4li Aug. 2 52~ May ~ ~¼ ~0¥ PmtQd Stattls ExpreRs .... ; .......... . H Aug. 7 51¼ Feb. 2.> 30 ~~¼ Wells, Fargo &'Co .. ... . ., . . . . .. . . . . E2½ Jan . 7 99.1:( Nov. 8 8~ = Quicksilver · . . . . . . . . .. . . . . . .. . . . !:I¼ Nov 11 l!l¾ Feb. 25 13 2! do ·p_rcf . .. . ... . .. . .. .. ... . . .. 29¼ Feb. 5 37 June 15 19¼ 45 i:~~fi~:~~~1._._._._ . . . . -.-.:·.:::·::·::::::::. I i: ~ii? i~b·. l~gx MERCANTILE FAILURES. 4 MERCANTILE FAILURES. · The annual tables of failures prepared by Messrs. Dun, Barlow & Co. show the number larger for 1878 than for any previous year. Had the country made earlier, less vacillating and more constant efforts to reach a specie basis, the trial would have been shorter and many might have held out who have been compelled to succumb. Having, however, tat length attained our hopes, we may with -p rofit look at the disasters suffered. The following is a summary of the number of failures and total liabilities in each year since 1872. Year. 1878.. •. . •.. . .. ••. . .. .. • . 1877. .. .. .. .... .. .. .. .. .. 1876 .................. -.. !875. .... .. .. .. .. .. . . . . . . 1874. .. .. .... .. .. .. .. .. .. 1873. .... .. •....... .. .... 1872. .. .... .. .. .. .. .. .. .. Number ot Failures. Total Liabilities. 10,478 8,872 9,092 7,740 5,830 5,18 3 4,0o9 $234,38 3,132 190,669,930 191,117,786 201,060,353 159,239,000 22.8,499,000 121,0§6,000 Average Liabilities. $22,369 21,491 21,020 2 5,977 27.313 44,0 6 29,750 would lift them out of their difficulties; so they held on st,ruggling as long as they could with their daily accumulating obligations, the disasters incrP-aSing because, with such conditions, the fatal circle each year widened, and therefore included more within its limits. Another feature of this report is the decrease in the average liabilities the last three years. With regard to the future, there is every rna~on fo.r anticipating that the exhibits will be lees unfavorable There will continue to be failureB, and very many ~f them probably; but the tnrni~g point has been reached and we look for a fair decrease, both in number and amount of liabilities, during the present year. In the following it will be noticed that the last quarter of 1878 showa a decided improvement. 1878. FailureR 1 8 77. Lhibili ti-es. Failures Liabilities This statement shows a constant annual increase in the number of failures. Confidence in fluctua ting pape r_ -values was destroyed in 1873. Enterprise upon that Below is a complete statement of failures, liab ilities, basis became impossible fre3m that moment. The large body of the embarrassed hoped for a new wave which &c. for each year since 187 3. Fir t Qna rl er . . ....... Secoud Qnarter .. . ... Third Qnart,er . ....... F ourtl1 Quarte r .... .. 3,555 2, 470 2,8 53 1 ,800 2,869 1,88 0 1,816 2,307 $82,078.826 4 8 ,753,94 0 60,378.363 37.172,003 $54,538 ,0 7tJ! 45,0ti8,0 97 42.34 6,0 8 5 48,717,6 8 0 FAILURES FOR 1878, 1877, 1876, 1875, 1874 AND 1873. 1877. 1878. Estimated Number States and Ill Territories. Population Busin'ss Eastern. 650,000 320,000 330,000 1,821,000 300,000 630,000 11,004 Maine ...••.. 4,051,000 79,765 'l'otal East'n. $ 170 1,406,200 111 854,739 113 1,843,350 1304 12,707,645 325 11,279,523 2,521,98 1 130 281 4,68 0,588 7,587\N. Hampsh'e 6,751 Vermont ... . 36 ,713 l\1assach'ts ;Boston . . 5,123 Rhode Isl'nd 12,587 Connecticut. I -- --11,452,000 229,385 Total Middle 10,144 Virginia . . . .. 5 ,39 0 W. Virgiuia . 6, 63 5 No. Carolina 4,5 93 So. Ca rolina . 7,748 :Georgfa .. . .. l,879 'Florida . .. . .. 5,315 !Alabama ... 5,525 Mi ssissippi.. 7,859 Loui eiaua, . . 11,909 Texas ....... 4,211 Arkansas ... 16,846 Kentuclcy .. 8,243 'l'ennessee ... 126 1,195,61 5 40 36 0,011 }150 1,067,200 'iO 80 1,'i8 5 ,fi22 66 59 3,738 ,134 103 119 22 133,288 11 43 51 . 874,062 86 99 1,073,660 61 127 4,8 30,4ti2 138 228 2,7:➔ 3,725 2a 41 407,65 3 220 5,905,756 91 194 2,205,873 -1415 · -- 96,297 Tot'l South'n Western. 467,00 0 -1,762:ooo 2271 26,322.961 1078 515 10,799,300 216 7,570,311 374 5,233.549 7,672,931 470 362 12,926,800 369 6,627,709 2,:n7,382 163 400 3,428,100 14!-I 1,052,403 101 l,036,-U6 167 4,171,300 44 1::47,902 106 825,400 . . ... . 4.9,158 {Ohio Cinc:inn'ti 25,402 Indiana . . . . ... 51,075 { Illinois Chica.go .. 23,336 Michigan .. . 20,305 Wisconsin ... 22,760 Iowa ........ 9,127 Minnesota . . .. 26,878 Missouri St. Louis. 8,863 Ka.n sas . .... 4,029 Nebraska . .. f - · 1 ,312,705 4 39.569 1,1 68 ,5 01 1,181,6:n 149,000 690,000 1,079,986 8!l3,519 1,8 90.696 270,775 6,994,428 1,201,110 172 12G 89 147 14 51 81 80 167 3f> 241 158 3,35 1,28 9 094,918 1,500,lH 3,110,14 fi 12 1,000 771.821 738,25 8 1,438,143 1,900,515 268 ,257 6,659,247 2,229,553 138 5fl 131 15G lG 42 45 58 250 31 148 136 1 17,271,920 1361 23,08 3,260 1207 373 5,866,818 371 126 3,710,584 96 352 5,718,700 362 454 8,117,091 434 206 10,065,300 199 310 8,032,902 576 154 2,128 ,710 209 35 0 2,604,100 4!H 114 1,291,852 132 81 717,23~ 84 141 7,239,8 50 83 4 >' 50 355,635 45 338,800 37 5,414,893 3,191,349 }383 4,78 7,401 332 6,079 ,710 9,164,200 }409 9,736 ,8 5 2 283 4,307,314 245 3,909,080 183 1,5 n5,68 4 140 1,272,737 2,618 ,557 }189 435,900 88 93,600 38 ----- 29,550,000 573 10,295,000 5 44 13,721,000 6 45 32,580,000 644 92,635,000 14 6 3,8 54,000 11~ 2,482,000 644 3 -1 ,774,000 576 31,4.45,000 27 578,000 . 31 6 63,000 · 110 1,691,000 63 1 ,2 29,0UO 18 2 6 6,000 13 2 4 0,000 I 8 4,03 8,000 l990 1 4 2,415,000 3,29 6,::W7 , 111 92 8 ,4 29 51-i 2,78 1,048 Hl 6,128 ,4G4 118 2n2,8 00 14 1,118 .100 48 9]3,5 1i5 66 2,937,684 1 99 2,4 95,849 1 4 2 22 391,300 3,66 9,758 167 1,121.839 94 1,514,000 125 542,000 63 1,531,000 3B 1 ,845,000 67 298 ,000 10 9 K3 ,000 52 1 ,555 ,000 79 4,429,000 74 2,201.000 116 40fi ,OOO 17 1,879.000 125 1,585,000 77 2,188,000 672,000 1,!l27,000 2.113,000 25 8 ,000 1,337,000 H09,000 2,831,000 1,751,000 307,000 2,28 7,000 1,636,000 26,045,143 998 18,743,000 841 18,216,000 7,993,282 4,804,052 8,218,470 4,123,718 2,130.346 1,610,305 1,803,4 06 3,748 ,793 829,400 197,400 343 167 332 286 101 144 60 175 94 42 3436 64,309,503 2756 56,187,074 3122 52,577,277 22:JO 35,459,172 1744 17,025,000 240,933 Tot'l W est'rn 120,000 760,000 200,000 100,000 790 15,84 5,000 599 3199 95,293,J.66 3049 77,173,750 2909 72,244 ,68 1 25 20 91,771,960 2Hl3 Southe1·n. 3,120,000 2,040,000 3,500,000 1,500,000 1,400.000 1,700,000 765,000 2,400,000 700,000 500,000 1 8 73. $ $ $ $ $ 149 2,037,400 138 1,916,450 130 1,5 37,500 84 1,063,000 80 752,000 70 762,728 559,255 1,076,4 00 48 73 32 266,uOO 27 513,000 96 738,269 1,410,930 63 772,700 73 36 380,000 21 350,000 480 • 6,659,05 4 462 12,994,8 29 130 6,469,300 258 10,510,000 }772 27,494,943 416 10,600,000 309 11,224,000 114 6,079,0 5 (> 106 3,599,607 138 6,281,695 71 1,250,000 58 15,259,000 314 2,851,926 151 5,821,64 9 197 4,1 8 6,548 191 2,28 6,000 104 1,452,000 15,791,08 4 1012 15,994,846 998 19,311,933 706 11,920,8 2 2 42,501,731 865 32,490,974 887 33,244,01 8 951 49,2u3,66 , 4,741,993 177 2,273,141 134 2, 830,485 3,313,958 159 18,714,270 632 15,5 40,795 545 10,'i31,880 18,247, 872 }58 3 175 4,946 ,44 3 10,373,700 4,28 1,495 138 ]9 15 25'9,500 2 8 1,500 193,000 209,600 21 129 3,603,634 9 ,0 84,69 0 2,568 ,98 6 2,104 ,637 107 14 5 44 164 ,9 2 4 320,202 1,0 90,100 18 87,977 18 969 863 168 770 257 23 119 30 New York . .. 4,995,000 {73,208 37,392 N. Y. City . 1,132,000 19,500 ·New Jersey . 4,125,000 { 60,540\Pe'nsylvania 19,068 Philadelp'a 145,000 3,635 D elaware .. . 860,000 13,329 Maryland .. 2,713 Dist. Columb 195,000 14,295,000 1874. 1734 35,294,026 1353 26,088,007 1314 37,657,068 1335 40,015,164 Midclle. 1,300,000 500,000 1,170,000 950,000 1,375,000 250,000 1,150,000 1,000,000 1,000,000 2,000,000 700,000 1,500,000 1,400,000 1875. 1876. No. Amount of No. Amount of No. Amount of No. Amount of No. Amount of NO. Am1,untof Fail- Liabilities. Fail- Liabilities. Fail- Liabilities. Fail- Liabilities. Fail- Liabilities. Fail- Liabilities. ures. ures. ures. ures. ures. ures. 8,481,000 2,397,000 7,510,000 4,477,000 2,575,000 2,034,000 1,029,000 3,061,000 9 88,000 521.000 321 11,320,000 134 2,260,000 329 7,109,000 248 3,917,000 81 1,574,000 141 1,917,000 61 944,000 188 5,867,000 94 821,000 22 311,000 33,073,00016U) 36,040,00() • Pae(ff.c di: Ter. 2,679 Oreg-011 ..... .. 17,058 { California San . Fran. 2,522 Colorado ... 1,516 Nevada ..... 1,265 Utah ........ 369 New Mexico 394 Wyoming ... 299 Ida llo ....... 840 Dakota .. . ... 401 M011tana ... 816 Was l1ington. 202 Arizona .... 173,500 6,899,5!1 9 4,700,591 541,!5,12 419,797 121,05 0 63,HOO 62,050 29 288 163 58 56 11 4 4 7 83 ,000 8 6 81,307 4 694 13,163,176 13 310 222 58 37 17 10 11 ! ....... ........ . .... 4 -····· · ........ ---··3· -----16,900 7 2 8 ,361 Tot. Pac.& T. J -- 266,170 34 3,252,852 169 8,48 3,424 79 880,103 45 659,736 25 44,300 1 16,300 7,200 10 46,000 3 31,300 10 3 ···201:soo 6 5 4 ,000 1 422,416 18 1,670,973 2,202,698 }237 72 503,58 2 206,167 45 6,000 8 219,448 5,281,111 91 8 ,351 1,011,700 240,500 ---- .. . 1,fo·,900 ---- .............. ----1 ······3:000 30,5 00 636 1 3 ,94!),1 85 3 86 83,J.OO 75,000 203,864 8,000 5,555,500 ----6 ·····92:000 1 2,804 ...... ···-----···· 388 -- ------ ---· ---·---····· ---- ................. 68 L . 2,571,000 70 1,500,000 969,000 44 868,000 3,540,000 114 2,368,000 j 7,768,914 135 ·- 4'9,185,000 674,741 Grand total•i1°478 234,383 ,132 8872 190,669,93 6 9092 1!)1 ,117,786 7740 201,060,353 5830 155,239,00 . 516 3 228,589,000 3,S67,603 -6-:"" - - -~ 56,347 Dom.Canada. -- https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis - - -·- 555 9,100,929 1892 25,523,903 1728 25,517,991 1968 28,843,967 966 7,696,765 994 12,334,192 . BANKING AND FINANCIAL. STATISTICS-ROME AND FOREIGN. BANKS OF THE UNITED STATES. The report of H on. John Jay Knox, Comptroller of the Currency, for 1877-8, was full, as usual, of important statistics relating to bank and currency movements. The following is condensed from his extended report: All privat1, bankers and b a nking- associations, of whatever nature other than national, are required by law, for purposes of taxation, to make semi-annual returns to the Commissioner of Internal Revenue of the avtrage umo nnt of their capit_al aod deposits. From these r -turns the followin o! table has been com).li!t-d in thiH office, exhibi ting in a concise form, by geog-raphical tlivisions, the to tal average cap ital and depo,!ir.s of all S t.ate and 1:1aviogs banks and private bankers in the country, for the six mon th:i <·nding May 31, 1878. During tbe past year twenty-eight banks have bePn or~anize.d, with an aut uoriz ed capital of $2 ,775,000, to which $1,598,800 m circulating-no te.:! h as bee n issued. Fifteen b:1.nks have failed within this periort, havin 5 an aggr.-gate c:tpital of $2 712,500, and forty.one banks, wi th a total capital of $!5,200,000, have voluntarily discontinu.-d business. The following table exhibits the resources and liabilities of the b'lnks at the close of business on th e first day of October, 1878the date of th eir last report; the returns from New York, from Boston, Philadelphia and Baltimore, from the other reserve cities, and from tile remaining banks of the country, being tabulated separat~ly. Boston, New York Philadelcity. pbia an l Baltim're. Other reserve cities .* Country banks. Aggregate. 47 banks. 9:1banks. 85 ban_b. 1,822 b 'ks. t,053 bank~. Swings State banks ~nd IPrivate b :mkers. Savings banks b'ks with• 1rust comp·m 1e;i. w .thcapital. ou 1capi t' I. I Geog raph i er. I dtds10ns. ~ .0 3 ~ a, ~ ..; a, 3 .§< .0 sp 'fr p. sp 0 z z A ----- - -- -Milt' s ilfiU' fl ::, c5 -ru Mill. P. a, ..; s p A - -z lti 'l's ,; a, a, ~ a, .0 ·;; 3 s;,l 0 p. a, ·5. c.,i Mil. 1 o ·o, 3 0 ' 16 4 o·ss 0 i:i. a, z -A- A 0 - -~ -- - Mill's Mill. 1 ·14 4t 1 403 4:3 1 3i 190 358 6.'l 1 ·2:i 3 2 -14 N. Engl'd States 42 8 ·19 1 '> "06 71 2 · 86 3 -~3 Middle Sta•es .. . 217 4'l -~5 1.i2·10 916 _34·4~ 61 9t 1:-\outhern ~ta e--1. iail 2 7' 38 30"67 28JI 1 -30 U ·63 Western Stut es and l'erritor1e ;. 36 1 40 ·33 6hi5 1 5, 9 33 1 105 ·00 15 2·13 22 ·39 Uni ted <:it,1 tes ... 853 .2 i •35 22) 482,856 77 80 18q·83 23 :3 ·24 16 ·18 168 80:~ :30 --1 -.'.... ·1- - 34 :-9 -05 -- -- The capital of tbe 2,056 national banks iu operation on J une 29, 1678, as will be tteen by a subsequent table, was $470,393,366, not including surplus, w hich latter fund amounted at that date to more than 118 millions; while the average capital of all the State banks. private banks and savings banks having capital ti toc k, for the six months ending May 31 previously, was, as seen below, but $20-3,382,832; which amount is considerably less than one-half that of the na•ional banks. 'fhe net depos.itR of the national banks were $677,159,298, while the average deposits of all other b ,rnks and bankerd, including savings banks, w ere $1,242 794 ,903. The average deposits for the f'ame period of 668 sa.vings banks having no capital stock wc:re $803,299,345. The taule below exhibits tbe aggregate average capital and deposits for the p eriod namPd of all banks other than national, 1ogether with the capital a nd d eposits of the national bauks on J nae 29 following Geographical divisions. State banks, saving;; b'nks, private National banks. ba..,kers. &c. Total. _ Cnpi- DeposCani-1 DeCapi- D epos- - - - - ~ o._ No. ~ · - ~ei~~-~ ~:._ -~s~Mill's Mill'ns. Milt's Jfill'.Y Jfil 's Milt' 11 11. N . England States.. 555 11 ·12 42:.? •S!i 5121!i6 ·5? 128·f-:31,097177'64 551 ti9 Middl u States ..... 1/l26 77·09 M4 07 t,34177 · 183 4·891,: 60251 ·27 !Wl •!Jti Southern States .15"'0 3 )'55 47 ·77 l i6 31·4'113Y!J41 ti96 L7·u4 b3 ·71 \Vestern State.J an d Territ.orie , ..... . l ,9'.',9 81·62 223·09 701 !)3·20137 ·502,7Ci! 176 82 3~5·59 ~-1:. . l-2.t~- 1 0 United Stl1!e'! . ... 4,40fl 205·38 l ,2fr7CI 2,056 1,0· !391077· l6,~.45'i 675"7711,91'.!·95 From this table it will be s ~en that the total numb er of banks and b ankns in the country at the dates named was 6,450, with a total banki ng capital o t $675,776,198, and· total deposits of $1.919 ,9G4,201. The LOta l number of national banks organized from the estabJishmeot of tho nat1onal. 1Jankin,g- i;ystem, on Februttry 25, 1863, to Nov embe r 1 of the present y ear is 2,400. Of these, 273 have gone into v oluntary liquidation by vote of shareholder.:1 owning two-tbirdd of their r espective capitals, and 74 have b een placed in th hands of r -•cei ve ra for th'l purp0::1e of closing up their Rff -tir!'l, l eaving- 2,0.33 in existence on Novembn 1 of tb.is ye tt r. Included in the ag-g-regate number organized. are nine natio al gold banks, located in the St.ate of California, which redeem in gold coin their circulating notes at the~r places of issue and in the city of San Francisco. 'fhese have au agi.rreirate capital of $4,300,000, and an aggregate circulation oq,1,468,920. https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis $ $ ..••..• . no,18 ,,a9s REROURCEB. Loan ➔ nnd diec <>u nts . . On U. S. bonds on d emand ... . . .. On oth..: r st'ks, b'nd., &c., on d emand .. Payablein gold ... . . 0 .1 singl e-name paper without other securi1y ......... . All othn loans .. . Ov~rdrafts .. . . ....... . Bonrls for circuhtion Bonds for d eposits . .. U. 8. bonds on hand .. Oiher Etocks & bond s Due from re erve ag't1> Due from other uat• : banks .. . . . . . ...... . Due rrom o ther banks 11nd b ,mkers . .. . .. . . R eal e,t-it1~. furniture and fixtures . . • ... Current expenses ...• . Premiums .... ... ... . Uh,cks and other cash it.ems . ..... .. . . .... . Exchanges for cl, aring-house . . ... .. ... . Bills of o .her national b at. ks ... ··-· ..... . Fr,1ctional currency .. Specie . . . . .......... . 1. .. gal-t encl er 11utes . . U 8. ctfs. of d eposit .. Five p er cent r edemp tion fund ......... . Due fr'm U.S. Treas'y 1,1 -:0,581 735,213 5i,(l04.20~ 19,~6fl,710 6,752,181 3,C53 7,R7 1,76:: l/Mi,!J9ii 7,0<H,0e5 1i,'l9i,474 10,5S3,11~ 6,69fl/,83 80,fi.?'1,038 120,030,184 62,ti69,94~ 3!i,4!l5 9,907,3!i·1 130,!J73 81,0!} 24,19\50 5'), 11:3,200 23,0;6,rn 250,171,150 26,715,550 fi,40 :2,300 3, 490,00'1 l il,82!!,000 ll.46l,!JOO 7/~0 l,450 6,oo -,,85 11 21 .H.!.400 9,193,!i64 3, 7<6, '.!12 2,55t, 15S 2 : ,38? ,E01 16,3: 5,643 12,6d4, -.: 11 56,023,5ti5 I $ 83fl,521,542 3,466,903 a -17,556,6:,o 47 936 1150 4!i,7t 5,GOJ 3il, , ~9.~~5 85,i.1 83,419 11,366,0C:O 8,636,970 2,981,29\" 894,272 9,465,820 !J95.::l:J3 1,707,167 7,082/i:-l9 7130,220 1,021,018 1,765,18~ 874,554 8:i7,59~ 62,451,792 15,HEl,O'i'i 4,i69,679 82,372,538 2,195,325 10,650,'il'I 31i, IKi Mi, 17 I 356, 00 5,937,48:• 3,417,:2~ 7,!1 ➔8 ,991 f./iOO,!l:iO 11,154, 895 30.07tl.3(17 'i,370,COO i!,665,0Uv 995,0CO 16,929,721 516,661 30.686,866 64,42HOO 3!,L90,0u0 9f0,74 ' l08,18'i 111,205,541 J.;:l38,LH 1,560,623 67,",0 : 13, ~9 i,GO~ 14,8 13,46-J ~1,000,000 2,5 !3,05: 1,0H505 147,: 0 ; 2,liS,355 265,:103 4,466,!l5 1 17,02~,995 41,492,919 5,963,131 ~ 12, 114,693 4/2\,r,85 2; .328,4-~·) 7::lJ,4,Jl 3.7b5,613 6v8,4i.i 3,738,f'4i 46,702,475 6, ';!72,5i.7 7,134,73; 2,470,31 I 7,485,033 10,972,910 816.94 1 10,982,43'1 Totals............ J84,778,7ti7 297,2'.!4,5.23 167,190,93v :J18,0S4,8 ; 8 1,7ti7,2-:-9,133 LIABILITIES. Capital ~tock ........ . s nrplus fund . . • . . .. Unct.ivide.:i profits . . .. National bank note, ontstanding ....... . State bank 1,otes outsta nding . ....... . .. . Dividends unpaid .. Individual <l <'posits ... U. S. d epc~it" .. . Ue po~its of U S. disbursrng oflicers. . . Due to n atioua I hank!' Dne to oth er banks & b anke rs . . . .. . Notes a ud bills re-cli,:counted . .. . •. ...... . Bills p ayable ........ . li3,W·O.Oi'O '7fl,526,310 40. 7~5,?IOrt 293,0P5,~26 15,920,2·10 19,968,'•4·: 10.8fi.!.7 , 7 ,0,14.5,820 8,•059,: 00 3,6ii9,816 3,:;s23,613 25,052,!!8 f 46/i.1 47,4:36 116 8!17,~80 40,936,~ .3 20,025,86! 42,986,571 l Q,658, 749 219,2!6,91 : 301,883,092 73.33!l 80;;'1>i 4,:?3.~ 25'5/82 t!J0,705 1.037,472 18", 9~7 1.701.~16 ;2.4'11, tili9 108,8'H,33 J 62, l;,fi, I? . 7fi."i75,05 26,1·9~1,2,}7 !i,~5">,,85 i!,465,341 6,8 li!,3 · 9 413,913 3,1 8,390 6.!0,236,li7 41,L54.bl2 131,':'25 20,27 ! :l,031,!l3" 2,15!1, ~(i4 68,125,!l41 27,;s;,067 1:,, ~:lti,44~ 11,357,l'G • 3,342,i95 1:J2,4 iti,5l4 19,311,'iOO 6,591,905 ·o,347,5CG fi,38\592 37.5 '7 1, 1o!3,'i58 2,7"8 ~,!l8" · 2,310,275 18-3.8('8 1,01 ', 950 4~,636,:03 f ,007,325 .J,502,!J8-1 Totals .... . . . ... . 381,i'i8."76~ 297,2H,~2:3 11 ,7,1:·0,98', 918.0-4 R5>i l,'i67,279. 133 * The r rse1ve cities (in nddition to N ew York, Boston, Ph iludel. bi11 and Baltimore) ar c: Al bany, Pitt, bnrg, Washing1.ou, New Orlu.,n , . Louisville, Cincinr ,ati, Cleveland, Ch:c ugo, Det:0it, :Milwaukl'e, St. Louis and l::lan Franci~co. THE NATIONAL-BANKING SYSTEM. The chief r ea sons urged in favor of the substitution of Trensury notes for national-bank notes are, that the bank9 in the national system are a favored class, enj0ying special privileges at the co::;t of the p Pop 1e ; t h at they derive a large profit from ~he issue of circulating no ·es ; and that a large amonn r, of 1nont-y may be s1ved to the government by au •horizing it to issue all the paper currency of the couutry. 6 B'ANKING AND FINANCIAL. Surplus Surplus. Il-)fore the pas sage of the act of June 20, 1874, no national Dates. bank could reduce its circulation and take up i';s bonds except by Semi-annn' Semi-annual Dates. rncreas 0 increa>:1 e or Amount. Amount. returning a proportion1,te amount of its own circulating notes, d ecreas~. decrease. and th ese were usually difficult to obtain; and prior to the act of - - - - -----January 14,· 1875, the total amount of circulation authorized to I1101·ease. Increase. $ $ Dec. 16, 1871 101,573,154 :&;3,250,950 be issued was limited to 354 millions. But the ,e acts provided July 4, 1864 1,12fl,910 $ ........ JunelO, 1872 105,181 IH3 3,IJ08,7E 9 Jan. 2, 1865 8,663,311 7,533.401 both for a reduction of circulation and withduwal of bonds at July :Cec. 27, 1872 111,410,249 6,~28,b 06 3, 11:165 31,303.566 22,6W,2'J5 the pleasure of the banks, upon a deposit by them of lawful Jan. 1, 1866 4-~,000,371 11,696,805 JuneU, 1873 116,El47,455 5,437,206 4,113,81 3 Dec. 26, 1873 120,961,~68 7,151,621 moneyin sums of not l ess than $9,000, and for an issue of bank July 2, l86:i 50, 151.992 ,June26, 1874 1 '26,239,308 5,278,040 9.84o, 8aa notes to any a.:isociation organized in confo rmi ty with law. J ».n. 7, 1tl67 5!!,992,875 4,246,;;3;1 July 1, 1867 63,2,)2,811 D ec. 31, 18'74 130,48\641 3,239,936 Under the law, then, as it now s tands, any number of persons Jan. e, 186S 70,58n, 126 2,683,454 June30, 1875 133,169,095 7,253,315 not less than five, in any part of the country, who together may July 6, 1858 ~5,840,119 IJecrease. 5,253,993 Dec. 17, 1875 133,085,422 $83,673 5,329,818 have $50,000 of capital at command, may organize a national Jan. 4, !S69 81 ,169,937 1.188,225 12, 1869 82,218,570 June30, 1876 131,897,197 1,048,639 bank and. receive circulating notes equal in amount to 90 per JJune 506,53·2 an. 22, 1870 90,174,281 Dec. 22, 1876 131,390,6fi5 7,955,705 cent of such capital-the law discrimina ting in the latter respect June 9, 1970 91,689,834 6,676,59 2 1,515,553 June22, 1877 124,714,078 3,145,61 8 Dec. 28, 1877 121 ,568,455 3,015,906 only against the large institutions, as no bank orgll;nized since Dec, 28, 18':'0 94,705,740 3,3~9.92 4 June29, 1878 118, 178,531 3,616,464 the passage of the act of July 12, 1870, i:3 entitled to circulation June 10, 1871 98,322,204 in exces:3 of $500,000. A bank organized prior to that time, and It will be seen t i.lat the'maximum surplus was reached in June, having a capital ofbetween $500,000 and $1,000,000, can receive 1875, and that there has since then been a gradual d iminution of in circulating notes but 80 per cent thereon; if bet ween $1,000,- thii:, fund. The diminution has been caused by chargi ng thereto, 000 and $3,000,000, it can r eceive but 75 per cent; and if over from time to time, portions of the losses sustained by the national $3 000,000, but 60 per cent. banR~, such losses aggregating, during the last tliree years, the Since the pt1.ssage of the act of June 20, 1874, the national banks, large sum of $64, 11{4 ,415. * * * * * so far from considering the privil.-ge of i ssuing. circulation a The total losses thus charged off equal nearly fourteen per cent profitable monopoly, have voluntarily surrendered•$66,237,323 of of the eutire capital of the banks. Although the charging up of their n otes, which is $29,463,467 m ore than has been i:isued to losses has very considerably reduced the surplus of the banks, all of the banks organized since that date, while 144 banks, with y et, if the total losses incurred had been wholly charged to th is capital stock amounting to $15,517 000, and a circulation of fund, it would have b ee n still m ore l argely diminished. The $9,190,718, ha.ve gone in to voluntary liquidation. greater portion of the losses mentioned has bPen cancelled by . The capital stock of the national banks is not largely in the charging it to the account of current profits, in consequence of hands of capitalists. Among :heir shareholders may be found which 357 banks, with an aggregate capital of $58,73G,950, have, persons in every station of life, and great numb ers of women in the last six months, paid no dividends at all; while during the and children rely for their support upon the successful manage- l ast three year::1 the average number of banks semi-annually ment of these institutions. The elaborate tables which appeared passing d ivide nds on account of losses has been 288. This numin the Comptroller's report for 1876 showed that there were b er is equal to about one-seventh of the whole number now in then only 7o7 persons anywhere who held as much :. s $50,000 operati9n. The average amount of capital upon which no divieach of national-bank stock; that more than one-half of the dends have been paid during that time is $14,5~3,515; from which whole numbar of sllareholders in these associations held, each, it follows that, for a continuous p ariod of three y 1:ars, more than but $ 1,000, or less, of such stock ; and that, taking the whole one-tenth of the total capital of the national banks has been withnum ber of shareholders together, the average amou :)t held by out profit to its owners. This is exhibited in the following table. each one wa.s but $3,100. Of shareholders ownirig not more than tiix rnouLt1s endingAveragc for the $1,000 each, there were 32,235 in Massachusetts alone, 12,784 in year, Sept. ·1, 1878, March 1, 1878. New York, 14,621 in Pennsylvania, 1,441 in Kentucky, 2,388 in Geographical divisions. Ohio, 1,608 in Illinois, 832 i n Georgia and 617 in Virginia. Of CapitaL No. Capital. No. Capital. No. those holding the stock in amounts rani;ing between $2,000 and - - - - - - - - - -- - - - - - - - - - --$ $ $ $3,000 there were 17,743 in the New England StatPs, 15,614 in 44 111,129,750 9,38!J,5s" O 51 14,870,000 New England States ... ..... S7 the Middle States, 2.305 in the Southern States and 3,422 in the Middle :States . ............ 95 17,214,400 11-1 22,454,850 105 19,849,625 Western States. Moreover, c:tizens of the Western States held S,mthem States 6,065 500 6,867,000 5,266,0.;0 40 44 36 2(3,455 shares, and ci tizens of the Southern States 13,319 shares, Western States& Tei=rito~\ 160 16,8. 8,000 1413 '14,545,100 154 15,72 1,550 - - - -- of the stock of banks located i n the E astern and M ddlo States. T otals for 1878 . .... .... _ 3-IB 48,797,!lOO 357 511,735,950 343 5:-l, 76':',425 It is not probable that the stock of any other class of corporations 'l'otals for 1877 . ....... . 215 40,452,000 288 41,166.200 266 4(',809,1(,Q Totals for l b76 . ...... 265 31,290,320 273 41,('57,725 25l 39,1'i4,0l2 in the co :mtry is more widely distr ibuted among people of mod ---- ---- - - -- - - erate means t !: an is that of the n ational banks. I t is also largely Average f or three ye·irs. 2'1 9 41,180,0~8 306 47,986,958 2?8 44,583.515 distributi:d among members of e.11 political parties, and, as a Many of the banks, also, w 11 ich have declared d1v1dends with· rule, is free from t,he control of partisan influenc e. Tb"3 national banks have not at any time m onopolized the busi- in the last three years have d,me so wholly or in part out of 'ness 0f banking, nor do they at the present time. 0 ·1 May 3: profits other than surplus previously accumulated by them, and of this year there were in existence more than 3,700 State banks not out of their current earnings. Tl1e following table shows by geographical divisions the ratio and private banking houses, having an aggregate capital of 202 millions of dollars, and deposits of 413 millions. 'fhese bar; king to capital and surplus of the dividends declared by all the establishments are located in all of the principal cities and vil- national banks during the last nine y ears: lages of the country, and it is to be presumed that if the privilege RatiG of dividends to capital and eur,lus. of issuing circulatin~ notes were so grL"at as it is persistently G eographical divisiom. 1870. 18,1. :872. 1873. 1874. 1875. i876. 1877. 1878. Av'ge claimed to be, these associations and individuals, who are --- ----- --- --- -- --- - - - - - - - --already engaged in the business of banking, and who are free to P.ct. P.ct P.ct. P.ct P.ct. P.ct. P.ct. P.ct. 1P,ct. Pct. 8·4 8·1 7·7 7'6 6·7 6"0 5-5 74 8·2 ew England States .... 8'3 enter the national system, w ould hasten to organize under that ~ 7·5 iddle Sta tee . . •• . ... .. 8·1 7·9 7·9 79 7·6 76 7·7 6·6 6·1 system. · .s outhcrn States ...... .. 10·7 10·1 9·5 8·8 8·4 8·2 7•7 7'6 7·1 6·2 The amount of interest accruing annually upon the bonJs held w estern States, ........ 8"5 8·9 9-3 90 8°6 8"6 8·1 9·6 7·7 8'7 --- -- --- - - , - --- --- --- --- - - - by the national banks on November 1-less the tax paid by them 7·7 United States. ..... 8"4 8·3 3·3 s·3 j·9 7"8 7·5 7"1 6·2 upon their circulation-i:3 $14,544,6()2 only, while the annaal :profit upon the entire circulation of the national banks, as will The ratio to capital and surplus of t he total net earnings of an · be shown in another place in this r eport, is b ut $8,9(31,519, or the national b anks was, in 1876. 6·9 per cent; in 1877, 5·6 per . less than two and one-half p er centum upon their capital. As cent, and in 1878, 5·1 per cent. the 3,700 banks and bankers me :;tio ned still continue to transact NATIONAL-BANK FAILURES. their business as State banks or private associations, it seems The following table exhibits the number of failures o f v ery cleR.r that this annual profit of $2,500 only upon a capital national banks in each State, together with their capital, amount of $100,000, does not present to them, or any of them, a sufficient of claims proved, the amount of dividends paid, and the estiinducement to transfer their busines.s to the national system, mated losses to creditors, from the organization of tb.e system t0 July 1 of the prPsent year: PROFITS AND LOSSES. As - a rule, the banks in the national system have not made Claims Divi~cnds Estimat'd p 0 } States. excesE,ive dividends. In determining tho true ratio of their Capital. proved. pa;d, l oSSf!B. rai d. profits, their accumulated surplus, as well as what is t echnically - - - , - - - - - - - - - 1 1 - - - - 1 1 - - - - - - - - - - - known as capital, must be considered, as it is from the use Conn~cticut... ..... 1 $60,000 $97,5 H $82,9 10 $ 10,000 ffj·OO 4,076,100 5 722 248 5,080,536 3,0,498 1-;3·43 of both capit.al and surplus that tll eir pro.fits are derived. Even New York . ... .. ..... 16 . ... . .. 8 1,312,0JO 1;558:564 898,103 416,850 57 · 62 during the most prosperous years of tho system, t1:J.e ratio Pennsylvania. Dist. of Columbia.. . 2 700,000 2, ~88,828 1,785,173 503,65!i 78 ·oo of annual earnings to the combined capital aod surplus of tbe 1 b anks was not greatly in excess of the usual legal rates of ~~a~~ 50.000 33,562 11,74il '20,900 35·00 interest in the States where they were located, while during the .Mississippi... ..... . 1 Louisiana............ 3 l,E00,000 2,981,554 1,805,0GO 9l:l.900 61 · 02 last- two years this ratio has been less than six per cent on the T exas ... . . . . . . . • . . . . 1 50, '00 60,3,30 . • . .. . . . 60,000 . •.. . ... combined capital and surplus. . Arkamas. .. . ... . .. .. 1 50/00 15,142 15, 142. ..... ... 100·00 100,000 316,93~ 65,~3;) 311,597 17-3~ 'fhe surplus of tho national banks amounted on October 1 to Tennessee..... .... . 1 Missouri ... . ... ... 3 3,100,000 2,683,093 951,918 740,000 35·48 nearly $117,000,000. A part of this sum represents the profits Ohio .. ... -- . . .. • .. . 3 250,0.JO 422,891 190,557 h-9,800 45 · 05 earned by former State banks previous ~o their conversion into Indiana... .. . . . . . . . . 4 282,000 505,531 239,893 178,800 47·45 2,2:;o,o. o 3,36G 767 1,414,);68 1,09ti , ms 4l · 01 national organizations, and brought by them int o· the system. Illinois __ .. • . • . . .. . . . 8 1.0:JO Wisconsin . .. -· . _. . .. 1 5 J3i 445 4i,055 71 1,roo 25 oo The greater portion was, however, accumulated by the banks Iowa . .. . . ... ........ . 3 2~0 000 2!)0,477 l 'll,128 90,998 62 35 during the y ears of bmiiness prosperity immediately succeeding Minnesota........... 2 200.00tl 313,4211 2 1D ,016 fll,000 f·7·00 2 160,(10,t 141,5~6 8t,l95 57,3i l 5g-47 the cbse of the war The following table exhibits the am,.mnt Kansas . . .. __ ..... 230,000 170,01:c l',3,011 17,001 gr,-oo evada " ...... .•. . .. 1 o! 1mrplus held by the banks on or near the 1st day of January N Colorado._ . . .. . . . . 2 22 '>,( 00 178,135 3!,41 & 17 , ,000 18 19 , and July in each year since 18G3, as shown by their reports for Utah................ I 150,0LO 89,200 13,380 71,2Q;J 15'(;0 the dates n earest thereto, ·t oeether with the semi-annual increase Totals , ... _..•.. . 69 $16,015,100 $23,30S,7P9 JH,010,313 $6,4i5,423 59·88\ or decrease ther"in ; https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis 0 -- - ct1~~ Xi~i~~~--.-.-.-:::::::: t m:ggi ·m:~ m:m !n~ = , BANKING AND .FJNANCIA~ From the above table it will be seen that the total amount of capital of all the i ns0lvont national banks is $10,015,100; · mount of claims proved, $23,398,709; of dividends paid, $14,010,313; while the estimated losses are but $6,415,423. 'I'he aver »ge number of failures during each of the past fifteen years has been less than five, and the average annual losR less than $430,000. VALUE OF C. RCULATION TO THE NATIONAL. BANKS. Tbe profit to the national banks derived from the issue of -circulating notes is not g r eat, as is frequently asserted, being but about 2t p er cent more per annum on the capital invested in the bonds pledged to ~ecur.e the circulation than could be obtained by lending directly tbe same amount of capital. The table below shows the amount of bondt1 deposited in the Treasury on Nov. 1, l 878, to secure national-bank circulation, their various classes, their currency value, the circulation issuable thereon, and the a '1noal iotneRt uoon them: the resumption of specie payments, which takes pl~ce on the 1st day of January ne:x:t, as provided by law, as may be seen 1rom the la.te action.of th A Clearing House Associations of those cities. NATIONAL-BANK AND LEG.AL TENDER NOTES, BY DENOMINA. TIONB. The subjoined table exhibits, b _v denominations, the amount of · national-bank and legal tender notes outstanding on Nov. 1, 1878: Denominations. Amount of Amount ba~:ti~~~~s. of te~ef;;s. Total ----------------1-- --- ,_____ - - - - Ones ................................ . $4, ~84,'Wl $20,368,531 f24,C5\'i'50 2,582,146 Twos .............................. . 20,332,920 22,915.066 55,576,740 9l/>39.2i5 Fives .. . .......................... • .. 148,116,015 65,926,631 Tens .... . ..........•.••..... . ........ 102,981,440 168,908,071 63,565,9~9 08,219,780 Twenties .................... . ....... . 1::ll,785,709 26,691,195 20,967,800 47,658,995 Fifties ... . ........................ •··· 31,2-27,070 27,104,400 One Hundreds ....................... . 58,331,470 6j7,EOO 30 501,50'.l Five Hundreds .................. .. 31,1!'--9,000 33,490,500 804,000 Thousands . ... ........... .... ...... . 33,794,500 Annual Currency Add for fractions of notes not preCurency Circulat'n gold Par vitlue of 11,561 sented or destrvyed..... 11,5C1 . . . . . . . . . . Clasees of bonds. issuable, interest interest. , value. -value. - - - -------- - - Totals.... . . . . . . . . . . . . . . . . . . . . . . . . . $319,652,121 $317,681,016 t667,a.33,137 $ $ $ $ $ Deduct for legal tenders destroyed in 6a of 1881. . . . . . . . . . . . . . 56,483,45'1 61,072 7:30 50,835, 10~ 3,389,007 3,397,480 Chicago fire . . . .. . .. . .. . . . .. . .. . . . .. . .. . . .. . . . . 1,000,000 1,000,000 5-2fls of 1865, 2d eeries .. . . 825,'iOO 851,503 49,66,i 743,Hf1 49,542 5-·!0sofk65,3deeries,'ti7s 8,172,100 8,ti72,641 7,354,890 490,326 491,552 . . . . . . . . . . . . . . . . . . . . . $319,65-l,121 $346,681.016 $666,333,137 Balances . . 5-20sof18fi5,4thserie:<,'68- 1,764,500 1,!l05,6t0 1,588,050 105,870 106,135 10-408 ')f 1864. . . . . . . . . 70,68•, fO 75,195,264 63,619,965 3,5 '. 4,443 3,54\279 NATIONAL-BANK CIRCULATION. 5s of 1'!81, funded 1881s .. 125,H26,750 1:, 2,2,3,%8 11:J,334,G75 6,296,337 6,312,078 4¼s of l S!il, funded lf\91s. 49,397,%0 51,3 '1,39'3 44,457,5·!5 2,2~2,8,6 2,228,433, The following table exhibits by States and geographical 4s of 1907, consols of 1907. 30,5fi6,=:l00 30,5~6.300 27,509,670 1,2~,652 1,225,709 divi~ions the number of banks organized and in operation, with Pacific Rui 1road bonris... 5,5e4,000 6, :3~•,700 5,025,BOL' 335,040 tht-ir capital, bonds on deposit, and circulation issued, redeemed Totnl. . ............ 349,408,900 368,534,279 314,4ti8,f11(l 17,31l.f'53 17,689,372 and outstanding on the 1st day of November, 1878: It will be seen that the currency value of the bonds, which Cap;tnl. B 1m ds. Banks. Circulation. r epresents the amount of C'l pital invested in their purchase, is $368,534,2'i9. If this amount of capital were placed at interest Capital Bonds on States and TerriOutstandat eight per cent per s.nnum, estimated as the average rate cf paid in. deposit. Issued. tories. ing. inter est o! tainable throughout the country, it would produce $29,482,742. The l\nnual interest on the bonds of the banks $ $ $ $ amouo1s, as shown by the table, to $17,311,053 in gold and Maine . .. . . . . .. . . . . 74 2 ';2 10,660,000 9,626,250 20,5:3fl,580 R,799 921 fo7 · 1 4~• 5,740,000 5,7o9,COO 12, 118,0i5 5,19-i.i47 $835,040 in cnrrency, the total currency value of the interest on New Hampshire.... 41 8,533,000 7,662,50(' 18,979.600 7,352,434 . 8 November 1, 1878, (gold being quoted at the New York Stock Vermo11t.. .. ... . . .. Massachusetts..... 242 5 237 93,407,000 7.!,221,950 166,473,li45 63,696,5 5 Exchange on th~t date at one-quarter of one per cent premium), Rhode Island...... 62 1 61 20,009,800 14,254,400 35,026,715 13,0:>0,21U being $17,6Bf.,372, which is the whole amount received annually Connecticut........ -86 - 4 -82 ----25,504,620 20,323,700 , 47,555,410 , 17,991,393 by the bankR; but as they are required to pay into the Treasury Totals, Eastern of the United States a tax: of one per cent per annum upon their States.......... 561 16 545 165,854,420 129,857,800 300,692,025 116,085.273 circulation, which, up:m the amount issuable, is $3,144,680, the net amount of interest received by them is thereby r educed to New York ....... .. 340 co 2eo 90,f.89,691 55,766,300 169,86?,715 50,871,827 2 69 13,858,150 J2,6'lfi,350 29,531,5W 11,35Y,325 Jersey ....... . 71 $14,544,692. This amount, together with the interest which New Pen nsylvania ..... . 257 2~ 235 "-5,909,840 46,•:77,650 109,208,135 42,247,305 the bank~ receive on the Pmount of their circulation available for Delaware ........ . 14 . • .. 11 1,763,1185 1,549,200 3,4:32,665 1,432,060 2 32 12,8ti5,010 7,821,1100 2'2,3'.4,4~0 7,':'00,174 use, gives the whole income derived by them from their circula- Maryland .......... . 34 --------- ---- ------1----tion and the bonds deposited to secure it. Totals, Middle . 8tatcs......... . ~16 86 630 1;·5,086,8";6 1'24,440,500 331,349,485 113,610,691 RESUMPTION AND RESERVE. Th ~ law provides that banks in N ew York City shall hold a Dist. of Columbia .. 11 4 7 1,507,00C 1,155,0011 3,n~9,6riO 1,0"0,59:} 2!1 11 18 3,285,00 :?,52!},f-50 7.22ti,2i'O 2,860,692 cash reserv'c' of 25 per cent upon their deposits, and that banks Virginia ......... .. 2,0 5 15 1,75,,000 1,458.000 4,941.430 1,548,4118 West Vixginia .•• . in the other principal cities shall hold an equal ratio of 15 . 15 2,551,WO 1,764,000 3,U86,200 1,713,480 Carolina .. . reserve, one-half of which must be in bank, while the remainder North 12 2,851,100 1,490.0CO 3,5S0,325 1,349,365 Soul h Carolina ... . . 12 ... may be on deposit in N ew York. All other banks must hold a Georgia .......... . . 17 5 12 2,041,000 1,925,COO 4,817,790 1,926,409 ~ ◄ 1 50,000 50,()(J() 59,5CO 43,800 nserve of 15 p "r centum upon depositR, two-fifths of which must Florida . ........ .. 11 1 10 1,G5S,OOO 1,621,000 2,CJ90,130 1,478,988 Alabama ......... . be on hand in lawful money, and the r emainder may be on M;ssi,:sippi. 6(\,000 2 2 ... .... .. 611 deposit with banks in the reserve cities. The amo-:rnt of reserve Louisiana ......... . 11 4 7 3,47s;noo 1·,s20:Coo 6,557,760 2 024,536 12 1 11 1,100.l\(JO 650,00(l 1,6S6,420 537,005 held on the first day of October last was greater than that Texas ... .....•. . .. 531,900 20\100 205,fOO 251.5!!3 required by law, as may be seen by reference to the following Arkansas ....... .. 553 71 4S2 9,936,f.OO 8,546,350 18,03!l,495 8 227,340 Kentucky ......... . table: Tennessee ....... .. 32 7 25 3,1180,300 2,754,fJO() 6,400,280 2 567,333 Missouri. ....... . 4:i 2, 22 7,175,000 2,000,000 10,!J 17,375 2,344,432 ~!i Ratio or legal terr Res''.v~ - - -- -·- ------ ---- --·----,---.. b.C i> A der funds to- to cir...,~ ol t,g - _____ culati'n ToJ~~i~s.~~~~~~~ 275 70 205 40,67,\90G 27,9J8,i0" 75,38D,475 27,464,591 g ~ 0 ~ C rcu- Deposits and .deA "' E-i '"' lat:on. · posits. Ohio .............. . 196 34 162 2fl,9R6,90D 23,157,250 !'-6,2~1.27/1 '21,386,123 Indiana ........ .. 115 21 9i 1'i,1 )26,530 12,9 :8,500 31,542,755 1t,311~.599 mil's. mil's. mil's mils. mi! ·s. p. c. p. c. p. c. I ilinois ............ . 165 2b 139 17,194,600 9,988,500 aa,:,74,905 9,915,2~8 New York... 47 20.03 189.711 50.91 . 50.!l2 254 .3 26 .8 .i4.3 Michigan ....... .. !lfl 11 79 9,514,500 6,~75,750 16. -:53, 190 5,997,:-J30 Bobton...... . 51 25.89 6-3.71 10.54 9 'i7 20 31 40 .7 16.5 22 .7 Wisconsin ........ . 56 18 38 3,315,000 2,094,500 7,165,660 2,28'7390 1 Iowa .............. . 9!J 23 76 5,927,000 4,557,0CO 12, fl7, i40 4,389,519 :-ii ~:~ 6 31 4,968,'iOO 2,67\I, •CO 7,lH,660 2,6'22,'264 Minnesota ........ . 39 Pittsburg..... 2i, 5. 2 11 .82 · 2.76 1 .71 4.47 48 .4 23.4 25.5 740,0' 0 2,813,680 9'22,519 800,000 27 16 11 Kans·1s .......... . Baltimore ... 14, 5.36 13 OJ 2.74 1 78 4.r.2 51.1 21.0 24.6 844,tOO l.85i,340 1;.: 741,234 2 10 1,000,000 Nebraska ......... . We~vh01~f..taonn • 6 0.80 1.7-, 0. 36 0.30 0.66 44.9 20.8 2 ,.0 · ·---------------1----N 8 7 1.3:-i 5.0l' 1 4! 0.35 1.79 104.0 28.8 8.1 Totals, Western L<. oui_ ville ... 8 2.:~4 3 1t 0.63 0.35 O.!l8 ~6.8 18.4 17 0 States. ... . .... 799 15!l 640 84,73.3,23G 63,™,900 171,987,~00 60,660,106 1 'ncmnati . .. 6 3. 1O 8.1'2 2.04 1.08 3 12 65.7 2->. l 27.8 Clevehmd.... 6 1 87 5.45 1.39 1.67 3.06 7-1.4 ~5.5 41.9 Nevada....... .... l 1 ... . . ... . 131,'iOfl 3,113 Cnicago...... Y, 0.47 21.6 . 5.18 3 03 6.21 11P6.0 2i.O 37.1 Oregon............. J .. . 1 ·200:Coo -2~0,000 487,00 22!,_g t,0 l>etroit...... 4 1.16 4 5:i G.9u 1 34 2.30 82.6 21.1 40.3 Colorado 18 0 13 1,235.000 823,000 l,611 ,!-i2 74 , 81 Milwaukee... 3 J O 2, Vi O.i: 0.38 0.75 183.1 1-1.7 27 4 Utah . .. :::::::::: · 4 3 1 200,000 50,000 614,!>30 1;~_.0(56 ~t. Louis. . ... 5 0.1J5 6.0i 1.04 0.74 1.78 295.6, 17.2 27 7 Idaho........ _.. 1 .... J 100,000 100,rco 197,740 8~ 11 1 . F.-ancisco. 21 0.67 1, .;3 0.8i 0.05 0.92 129 .8 60.7 43 .8 Montana........... 3 3 350,000 280,000 514.420 216,54'l 0 Totals ... . . i9.oa oi°93 29 .06•,In.9!J 1U.4 _23~ 2U Wyoming_.......... . ~ . ~ 2~~.:g~g ~ek ~exico....... .. .. 3 175,000 110.0 0 155.530 99,00J Other banks . l,822,219.22288.30 5a.()'2 56.0211116.0 , _22.E _17~ :.:o~ ~ashl~·gton:::::::. ___: .:..:..:..:. - ~ __J_5o_,_oo_o _____ 5ri_,o~ _ _4_5,_00_l_, ___ 45_,_ oo_o Aggregates. 2,"53301.8967i.33142.95!!5.0822803 47.3 21.1 21.:3 Totals, Pac'fic 'fhe amount of legal tender funds he1d by Lho banks in N cw ~t~~1:/.n.~-~~~:- 39 12 2, 2,E85,000 2,023,0:JO 4,435,6'~0 l,831,4'i0 York city on. Octobo~ 1 was $50,921,576, which was 26.8 per cent upon tbe1r depoa1ts and 24.3 per cent upon circulation and l Due for mutilated deposits. The amount held b_v thA bank ii in the principal cities, notes retired.·· ···· _:_:.:..:. __::..::~ _..:_:_:~.:..:.:..:. ___ :.:..:.....:..:..:. -~~:}~~~ including New York, was $92,934,123, or 112.4 per cent upon : Grand totals .... . 2,390 2,046 460.2 :0.4:26 347,574 .900 886.~04.85:, 320.9\ll,7·<5 their circulation, and 23.9 per cent upon their deposits; and the Add gold b.mks.... 10 1 \· 4,::ltJ0,000 J,8A.uW 3,051,22l• 1,46-. 9-0 total cash reserve of all the national bank~ was $142 ,935,718, or t Totals for all banks. 2,wO 473,fi3,1,42<i _34_'l_,4_0~-,-,,o-nJ~~~6:075 ~2.46~7i5 47.3 per cent of the total out:"tanding circulation of the banks thtin in operation, and 21.1 per cent of their depo::,its. This 'fhe act of February 28, 1863, and the subs· quent act of_Jun' reserve consisted of $30,688,606 of specie, $97.001,571 of legal 3 1864 au•horized the issuo of 300 millions o f clullars of nat.10naltender notes, ancl $15,205,541 dt'posited in t!.o Trea:mry for the b~Ilk c'.rcu1ation 1 which was increased by tbe act of Ju1y 12, 18 0, redemption of circulating notes. It is evidE-ot tha t the banks to 334 millions. The act of June 20, 1874, authorized any na ional a.re well prepared to redeem their circulating notes in l egal bank desiring to withdraw its c~rculating no~ci1, in w~ 0 le o~ in tender noteR, in accordance with law. The nati onal and State part, to deposit lawful mon.ey w; th the Tre..is u rer.~f tne_Umted banks in. N c: w York city and in Boston have already signified States, in sums of not less tnan $0,000, and 1o w1.hdraw a proLheir intention to co-opera.to wi h the 'freasury D ep:ut~ent in portionate amount of tho bonds held as securi1y fol· sucb. m,tcs ; ___________ _____ ____ _____ _____ _ I 0)~ 1L~ 4~:~i 1U~u~ 1;·i~ l~:? ii~ftlc1phia: ~i:i 4 -mlii https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis 1~fi:8~~ ~~:s~g Mtg~o 1· 343 Bi-i Zr.55 BANKING ANJJ FINANCIAL. and the act of January 14, 1875, repeale:l all provisions restricting amo •1 nt of coin and bullion in the country on June 30, 1877, was the aggregate amount of national-bank circulation, and required $242,855 858, of which $50,135,628 was silver. Asl,). uming this the Secretary of the Treasury to retire l egal t ender notes to an estimate to h a ve been substantially correct, the movement of amount equal to 80 per cent of the national-bank n ,tes t hereafter coin and bullion for the year ending June 30, 1878, and thd issuP,d, until the amount of such legal tender notes outstanding I amount in the country at the latter date, i~ shown, from further shou ld be $300,000,000, and no more. That port ·on of the above estimates of the Director of t l! e Mint, to have been as follows : act which r l:'qui red"a reduction of United States legal tender notes Estimated amount of coin and bullion in the countryJt1ne 30, 1877 $242,855,f58 wa.a repealed by the act of May 31, 1878. Estimated prod uct of the miues for the year.... . ................. !:1\1. ill•0,0(;0 The following ta ble exhibits by States the issue and retirement Importations d gold for the }ear . .. .... .... ... . ..•• .• . .•. ... .. . 1:l,3:W,'i15 of circulation during the year ending November 1 , 1878, and the Impor~ations of tilver forthe year... . . •• .• .•• .•.• .. •.•. ..•. .. 16,490, 5t.9 total amount issued and retired since June 20, 1874: Total.. ...... . ..............•.•..••••.•..•. :. ... . ... . .. . .. $3il,b7'i,17:.l Deduct €xportations of gold . . . . . . . ... • .•. . .• . . . . . . . . $9, 1~7,555 Circulation retir1,d. Deduct exportations of silver . ........ . ... . .... . ........ 24, n33,670 Deduct amou1.J t u sed in the arts and m11nufactures . . . . 5,500,000- 39,233,225 States and Territories. Total. Total estimated amount or coin and bullion in the country on June ;$0, L7ti .•......... . .......... _. . . ..•.... . •.......... $3::i2,443,947 Maine . ..... . . ........••..••.... $56,460 $208,80' $~,865 $59,325 Of this amount, $244,353,390 was in g0ld coin and bullion, and New Hampshire ..••.•••.....•••. 4,80' 1 590 $88,090,557 in i;,ilver coin and bullion. The increase fo1· the t sea l . 427:9« 514,6()(, Vermont...........•.•••...•.••. 14.152 1ilas~ach usetts ..••.••• .. .....•.... 3,072,71(, 47-8,~6. 6fl,!J37 • 6-l 5,l\J!) year w 11 s $89 .588 089, of which $51,G33,l60 was in gold coin and Rhode Is land ..•..•.•.•••...•... . 22i,850 11,120 11,120 bullion and $37,954,!!29 in silver coin and bullion, The Director Conn ecricut ......•.•.•.•.••.•... 555,600 13,700 13,700 New York .••..••.•••......•.•. . 4,903,575 473,092 2,98~.872 estimates t he amount of gold coin and bullion in the country on 290,7~0 NewJersey ......•.....•.••••.•• 11~,181 5,/86 J-,2,767 September 30, 1878, at about $259,353,390, and of silver coin and P ennsylvania•.•.•.••..••..••...•. 1,851,340 EOl,339 190,862 992,2 1 bullion at about $09,090,557, making a total of $358,443,947. 71,100 Delaware . ... .•....•.•.••.....•. . 329;887 · · i ·1:sii9 · a~i:756 LOA~S AND :RATES OF INTEREST OF NEW YORK CITY NA'l'IONAL Maryland .. ..... .. ... . •.•..•.. 153,600 District of Columbin ......••..... . 138,000 74,51-" 17,20~ 91,724 IlANKS. 1 60, 565 7fi, 5rn 137,111 5,865 56,~5'., t,2,4·'4 The following table contains a clas::d fication of the ' oans of the North Carolina . • . ..•......... •. (05,900 179,860 m.1,860 national banks in New York cit.y for the Jai,t five years: South Carolina ......•...•....... 64,4;5 16,000 64,425 .. 4i,~;i Gcorgbl ............•....•......... 113,410 45,915 87,E6 Ala!Jama •..••..• ....••••. . . .... . 90,000 Octobe1 2, October 1, October 2, Oc <1her 1, October 1, 'i8,400 75 78,475 1 7,;,_ 1874. . 187:'\. 11,76 1877. Mis~isdi ppi. •..••••...•........... P15 915 Loans Dnd Discounts. - -·1:i1ojoo ·23 i:a5ii Louisiana . . • .•.••••.....••. 331,441\ 39,090 4S Btt 11ks 48 Banks . 47 Banks . ·17 Banks. .7 Banks. :20,6f,3 Texas......... . .• . . .. . ...... . 3,%5 ~4,528 ---------- ---2 i ,7.'ii A.ri<.ansas .... .. . ......•.•.....•.. 390 2~,142 4<000 $ $ $ $ $ Kentucky ...•.•••...•...•....... 305110 24'i,~61 9!', 197 1l4 i,45S 120,189,537 !l5,!'i lO,:H !l2,fi18,77fi f3,924,233 On endorsed paper ...... 116,7 l 9,!~49 'l ennesfee •......•..••...••..... 116,900 ll8,052 38,019 fi6,08 Missouri..........•••.••.••.• . . 94,581 184,373 201,6;2 286.04,'l On single-name p •1per . . 19,!159,60\! 18,555,)00 16,63.J ,5 .2 15,800,5 0 17,2!!7,- •75 176 StO 618,318 Ohio ....•..................•.... . ~86,050 804,368 On U.:i.bonds oudem'd. 4,721,ti38 4,934, 674 6,277,492 4,7u.:l ,448 7,003,085 591,'l !O !133,57 I ndiana ...•. •. .....•...••.. ..... . 186,ti94 720,260 On other s10cks, &c. , on demand ... . .. .. .. . . . 51,451,682 !i0,179,fE4 58,749,574 48,:116,633 51,1~2,021 Illinois . . ..................•.. 3i0,890 659,i31 :391,729 l,052,91i0 497,5~-l 78 ,5 14 278,081 868,lf O 536,802 334.09: 141,1 iO 69,048 210,158 On rei•l estale security . . Payable 1n gold . ....... . 5,7-'5,138 3,454,27h 4,681 ,570 4,3i 9,014 6,7fi2, 181 44,100 !J0,399 68.64i 15!l,04fi Iowa ... . ... ....... .......... . 298,360 103,7!!-:I 100.251 204,045 All other loans . ..•..... 2,909,557 3,908,t,02 1;1'52,9-1-1 2,786,456 2,670, :171 ---·- - 116, 537 Minnesota ...................... . ll!l,880 tH 59; l !il.J34 Totals .•. ... ... .. 201,777,0j4 202,0SH,733 184,243,225 1L9,162,:l\1 l 1 9,n8:- ,9~0 :;'0,137 10i:~s-, 7.iOO Kansas .. ... • ... .. ... . . .....•.. 127,923 7,9,5 Nebra8ka .• . ....•••• . ... ... . •. . 18 000 60,231 l8,'21Jfi Nevada ...•.........•......... The average rate of interest in New Y ork city for each of th~ 8'. 0 810 ·ios,goo .. 2s;io8 Colorudo .••••................... 27,214 65,722 fiscal years from 1874 to 1878, as a scer tained from data derived U.9l ·l Utah ...........••......•....... 14,912 .. 81.600 Mon tana .....• . .•.............. 4,1:.0 4,120 from the Journal of Comme1·ce and the FINANCIAL CHRONIC.LE of Dakot:i. ... .................... . 64,000 that city, was as follows: Wushingtor>...... . •....... 46,000 1874, call loans, 3·8 p er cent; commercial paper, 6·4 per cent. Surrendered to this office and 187\ call l oa ns, 3·0 per cent; commerci al paper, 5•(i pn cent. retired ... . •...... . ...•.. .... l,OF8.F85 1876, c~l l loans, 3·,J per cent; commerc al pap er, 5·3 per cent. - · - - - ---·-·-1-----1--1-:-77, call loane, 3·0 pn cent; commercial paper, 5·2 per cent. Total for year ending Novemcall loans, 4·4 p er cent; commerc1i.l paper, 5·1 per cent. 1178, ber 1, 1878... . . . . .. . . . . . . . . ... $16,291 685 $8,301,692 $2,6S4,424 £12.0:5,001 The average rate of interest of the Bank of England for the Add total ~ from June 20, 1874, to November 1, 1877 . . .. . ... .. . .. . 39,l~0,88t, 52,~00,916 10,4C8,933 63,109,849 same years was as follows: Surrendered to this office between During the calendar year endi ng Dec. 31, 1~74, 8 69 per cent. same dates .......... . . •....... 9.130,10-;" During the calendar year end ing Dec. i:, 187 ·, a·2:i per cent. During the ca:endar year ending D t-c. 31, ]s.7n, 2 hl p er cent. Total issued and retired from During the calenclur year end ing Dec. 31, 1877, 2 91 jJer ceut. June ~0.1"74. to Nov. 1, 1>-7b.. ~55,412,570 =61.002,608 $13.091/l57 $8f.314,!l57 During the fiscal year ending June 30, 1878, 3·07 per cent. 44k8~ 2,w~>so ~!!~ it~gi~i·a •:.:: •:.: •.•::::: :.::::: .. ·i.ooo ---- --------- ~\;~~lfi~t1·: ... ::::::::.::::::.:•. ---- SPECIE IN BANK AND ESTIMATED SPECIE IN THE COUNTRY. SECURITY OF CIRCULATING NOTES, The table below exhibits the amount of specie held by the nati,,nal baoks at the dates of their reports for the last six years the coin, coin-certificates and checks payable in coin held by the New York city banks bt'ing statf' d separately: The following tabl e exhibit:3 the kinds and amounts of United States bonds held by the Treasurer on the 1st day of N ovembt-r, 1878, to secure the redemption of the circulating notes of national banks: · He!d by Nat. Bank:s in N. Y. city. Dates. Coin - - - - - -----$ F .:b. :28, 1873 .... April 25, 1873 ... . JtlUe ]H, 1873 .... S ept. 12, 187;J , .. Dec. 2(i, 1873 ... Feb. 27, 1874 ..•. J\'lay l, 1874 .. June 26, 1874. ... Oct. 2, 187 L. . . Dec. 31, 1874 .. M ,rch 1, 18 .5 .. . . M ~y 1, 1875 . .. June 30, rn;.·, .. .. Oct. l, 1975 ... D ~c. 17, 1 "i5 ... M'ch 10, 187/i .. J\by 12, 18;·6 .. . June 30, 18:'6 .... Oct. 2, 18 76 .... Dec. 22, 1· 76 .... J an. ~o, 1917 ... April 14, 1877. ... June 22, 187i .. Oct. I, 1877 .... Dec. ~8, 1877 . .. . M' ch 15, 1878 . ... niay 1, 1s1::; ••• Ju ne 2 ', 1878 .... Oc•. 1, 18i~ ... U.S. ceio certific's. -·--- s Total. Held by other Nut'l Aggregate. Banks. - -I,- - -------$ 1,958,769 86 11,53!1,'iFO 3,498,549 86 4.279,123 l,:-J44,9 0 93 ll,743.320 13,08~,250 93 3,780.557 l.442,09i 71 22, 13!J,080 23,&Sl,177 71 4,3os:9o9 1,0-;3,210 55 13,522,600 14 595,810 55 5,282,658 l 37H,170 50 1R,32\7til 19,'iOl,!/30 50 7,~05,107 1,167,8~0 09 i3,518,640 24,68ti,460 O\J 8,679,403 1,520,28l 10 23,454,f.60 2~,~184,!!~2 10 7,595,027 1,842,5t5 00 13,671.660 15,514,185 00 6,81.!,0-2\l 1,291,786 56 13,114,480 14,~0ti,2G6 5r 6,834,ti,8 1.443,215 42 14,110,940 15,EM, 15.j 42 6,582.6•15 1,081,555 5 1 ld.622,16ll 11,706,715 M 4,960,390 !/30,105 71' 5,753,220 6.683,::l'~5 7• 3,937,• 35 1,0t:\015 86 12,64~. 180 13,665,19:i 86 5.294.386 753,9·)4 90 4,20 1,7~0 4,955.624 90 3,094,70t 869,436 7~ 12,532,810 13.~02,246 'i2 3,Lfi {,659 3,261,131 36 L11,0Sl1,!i !O 22,348,051 ::it: 6, 129.29-l "~2 31 :~ 'O :5,183,760 11\0lr ,073 70 5,6 8,520 1.~11\ 2i 16,8:2,780 18,0E7,:-:02 92 7,131 ,167 1,12!1,814 3 13,116.760 14,fJ'i6.574 34 6,'i85,0i9 1,434,701 83 21,602,90!l 23,037.601 83 9,9°,2,046 l,6G9,~8l 91 33,o2'l,6fi0 35.2 ·8,!J44 !-ll 14,410,322 l,\•30.725 o9 13,899,180 15,829,905 5'1 11.::40,132 1.421,-15~ J~ tn,324,:,20 !1.747.578 17 9,588,417 1,53~,486 47 11,409,!JW 1~,9!8,406 4: 9,710,413 l,9b5,7, 6 20 9,119,080 ~1,fJ74,S26 20 ll,8 <2,H2-l .>,,428.7\17 44 %,00'.1,22(! 37,432,• ·17 44 17 ~90,040 2,688 092 0 ~5 397,li40 28.08?;,"13! 0617,13•,• ·2-l 1,905,705 2~ ll,!154,500 13,860,205 22 15,39 1,21i4 l,77!l.'i9J 43 11,51l.8101 i,.!94. 1 02 4:117.394,00l 91 $ 5; 17,777, fi73 53 81 16,868,808 74 01 ~7,95'J,086 72 90 10,868,469 45 08 ~Ii, 907 .0;!7 58 4!i 33,365,86:i 53 16 32,569.\169 ~6 21 2t,326.207 27 67 21, 240,945 ~3 62 22, 436,761 04 G3 16,667,106 17 88 10,620,361 li4 44 18, 95fl.5~2 30 83 8,050,3l\l 73 18 1~ ,O i 0/•05 90 49 <l'' ,07i.3 :5 85 66 21,714,5· 4 3ti 00 25,218,469 \J'! f,\j 21,361,t,54 03 Oh :;2,999,647 89 61 49,70H,2n7 55 19 ·.!7,070,037 78 89 21,335 99'1 06 84 22.6:8,820 31 50 32,907,750 70 58 'i4,722,058 02 00 41i,023,75ti I 6 55 29,£51,469 77 Fi 30,h8R,6''6 59 'fhe amount of silver coin held by tl ,e national b 11 nks on June 30 and October 2, 1876, was $1,G27,56G and $2,ti57 .590 1 espectively. The amou nt lu:> 1d on October 1, 1877, was $3,700,703, and on Octdber 1, 1878, $5,387,738. The agg:regate amount of specie held by the S tate banks in ew Eng1and, in New York, New Jersey, Pennsylvania, Maryland, Louisiana, Ohio and \Viscrmsin, as shown by 1heir official reports for 1878, was $3,023,429, of which the banks in New York city h el i $ '~,G29,839. 1n the returns from California the amount of coin i s not given separately. In my b.st annual r r port a s a•emeut was gi nn from f·Btimn.'es made by the Di:-ec~or of the M lnt, showing that the pr0babl 9 https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis Classes of bonds. Authorizing act. Rat P. of intere -t . Amount. ---------------1--------- ·-- -- ---- ,_____ Loan of February, 1861, (81s).. . F ebruary 8, 1861. 6 p. 1.; t. Luan of ,1 uly and Aug., Ie'11(ol s) Jt1ly 17 and Aug. 5, 18 ,1 do Loans of 18ua (81s) . . . . . . . . . . . . March 3, :81'8. do c .,nsola of JSti:'> • • •• •• • • • • • • March 3, 1865. do • do do Consols of 18 7.... . . . . . . . . . . . ~~~~i~:tf!/!i~·t irii.::: :::::::::: July Marchdi, 5 ff ct. Fundrd loan or 188 u, •;o, & Jan. 20,'71 do 0 18'4. 1• • •••• •• ~•unr.ed loan cf 16\1 1............ do 4½ p. ct Fundedloanofl907 . . ..... . do · 4p.ct Pacific R uilway bonds ........ . ,July 1, !8u2, & July 2,'G4 6 p. c t. Total .................. . . . $2,270 000 ;'. 4,416.550 19,7fl0.!'00 82:i ~00 8 172,100 l ,7_1i4,:00 70 688 !-!:,0 12'i !J2 · 'i50 4\1:3.,7:250 t0,5' fi, 00 5,584,000 $:<49.4! f1,!100 All of the se bonds, with the exception of $53,0 38 80 of G p er cents, are, by the terms of the acts under w 11 icb t IH·Y w e re issued, payable in coin. Of the latter amo~rnt, $3G,692 550 consist of sixes of 1 881, which were issued pr10r to the passage of the legal tend.t;r act; $10,762,300 of five -twenties , which were issued under tlie act of March 3, 18G5, which law does not sper.ifv the kind of money in which tlie bonds i ~sued c.nder it bhall be paid; and $5,584,000 of Pacific R9.i1road curre ncy sixes. • On October J, 1870, the b rn ks he:ra $246,e91,300 of G per CPDt bon is, and $95,942,550 of 5 per cents. Since that time th e re has been a decrea se of $174,061,550 in G per cent bonds, and an increase of $100,673,050 in t l1e 5 per cents . During the tbre ➔ y t'ars Pnding November 1, 1878, there has been a decrease of $55,673,462 in 6 per cent and of $42,4~0,600 in 5 per cflnt bonds, while in the same period $49,397 .250 of 4 .\per cents and within the last eightern months $30,506,300 of 4 per cents have been deposited. TAXATION, EARNINGS AND DIVIDENDS. The Comptroller haR in former reports discussed i t considerable length t h o qu estion of bank taxation, o.nd he respectfully r e peats at the present time his previouR re , ommendations for til e repe al of tho law imposing a tax upon capital and d eposits. Special atten ion is called in thi:3 con n ecti o n to the elaborate tablr s herew .th presented, sh'.)wing, for a series of year;,, the e.mount of natio!lal and State taxation paid by the natiunn.l BAN:KING AN]) .FINANCIAL. bauks, the amount of lo.,sts charged off by them, the number of banks w uic I have b een compdl1-d to pass dividends, aod the low ratio of their eamings and dividends to capital and surplus. It will be seen that the average rate of tax ation upon capital for tirn past four years has been nearly three and oae .half per cent, while ln the cit.v of New York H has exceed ed five p er cent; 'that during the last three years the bank, have suffered losses amoun t ing to more than i;ixty-fou~ million dollars; a od th ll t the r 11 tio of t '. 1eir _e arnin g :1 to capital and flUr il us WdS in 1877 but 5 ·62, a od in 1878 bu G 5·1-! per e eot. No more conclusive proof of tbe.justic i of th~ r equ est for the repeal of the lr.w imposing lhese taxes can be giveu than is cr,ntained in these variour1 tabl et,1 . 'fhe national b ,tok :1 pay annually to the government, in semi • annual installments, a. duty or tax of one per cent upon the .average amount of their circulating notes outstanding. one-half "Of one per cent upon the average amou ot of their deposits, and a lilrn rate upon the average amount of . their capital stock not inves ted in United States bonds. The following table exhibits the amount of such duties paid by the national banks yearly, from the commencement of the system to July 1 of the present year ; Years. On Circulation. 1 861 .. ... · ·-· · 1 so;:; . ...•..•... 1 ~66 . •..•. .. 1867 ......... . 1 % 8 . . ..•.... 1869 .••.• . .. : •. 1670 ..•.. · ··-· 1571. .... ... . 1 672 ...•• . .. .. . :h73 ....••.•• . . $53,096 97 733,247 5~ 2,106,7: 5 30 2,868, 6::6 78 2,946,34:3 07 2,957.416 73 2,949,744 13 2,987,021 69 3,193,57'0 03 3,353, 18 i 13 :.S,401,~83 11 3,28 l,405 8 J 3,09 :.795 7•i 2,819,037 09 2 ,918,047 08 mi·:::::::::: ~-s76 .... •. .. J 877..... . ... . . W 78 .•• . . . .•. On Deposits. On Capital. $18,402 2·1 13:-3,251 15 406,iM7 74 321,881 36 306,781 67 ;,12,9 H 68 · 375,962 26 385,292 13 389,356 27 454,891 51 469,048 02 507,417 76 632,396 16 651, fi36 9(i 560,296 83 $ 95,811 25 1,037,530 66 2,633,102 77 2,650, 180 07 2,564,143 44 2,614,553 t58 2,614,767 61 2,802,840 85 8,120,981 37 3,196,f 69 29 3,209,967 72 3,514,310 30 3,ri05,129 64 3,445,252 7-t 3,273,11174 I - - - - · - ·- -- -- - Aggregates . . $ 39,775,81~ 35 $ 10,328,256 32 $ 5,929,480 73 On Circulation. 18 4. . ••••• l tl 5 . ......... . 1 8'-6 ..... . .. . 186'7 .....• . .... rn 8 ....••. . 186'1......... . 1870..... ······ 1 07 1 • • • • • • • • • • 1872... . .... . . 1873••••••• . .• 1 874 • . ... . ... 1875 ... . .. . ... . 1:376..•.•••... . '1877 .. . . . . ... . :J.:i78..•...... . Aggre!.!'ates. $ 2,056,!196 1,993,1\61 990,278 214 ,2B8 2 3,669 £6, ' 63 15,419 22,1a1 8,919 24,778 16,738 22,746 17,!147 5,430 1,118 On Deposits. $ 7PO,723 2,04:3,84 2,0flll, 35 1,3: 5,395 1,438,512 1,734,417 2,177,576 2,702,196 3,643,251 3,00i~. ~02 2,453.~44 2,972,260 2,9!19,:>30 2,896,637 2,593,6)7 30 84 11 75 88 On Capital. !1,940,474 6,175,154 ti,703,910 7,004,6 16 7,083,498 7,305,134 7,229,321 li,998, \.j21i 6,781,455 00 (;7 67 93 8:, 04 56 79 65 $36,033,554 40 r,2 $ . . -. Totals. Od 83 HS 77 li3 46 84 71 79 26 27 903,3' 7 98 374,071 11 47ti,8t,7 73 399, ~62 90 445,071 49 S27,087 21 9!9,2•12 77 976,0~7 61 736,950 0.5 916, 878 15 1,102,241 58 989,21 ;1 61 927,fi61 24 897,22'> 84 $2,837,719 4,940,870 3,463,988 2,040,562 1,t 6fi,745 2, 196,054 3,020,083 3,614,24[ 4,628,229 3,77t,031 3,387, 160 4,097,248 4,006,693 3,82~,729 3,492,031 82 ~o 03 4/i 55 17 61 53 1t 46 67 12 03 33 85 $ 34,900,!'i Hi 11 $ 10.891 ,528 27 $5 1,22 ➔ .394 6i 0 O:i 94 92 82 62 26 27 67 16 72 u. s. -- - State To ,a l. u. s. 1877. State. Total u . s. \"'"-~ ----- Fe r ct. Pe1· ct. Peret. Per ct. Per ct. Pe1• cl. Peret. ~'" Per et. P. r.t. New York . ... New J ersey .. . Ohio Ind1a~a:: ::: : : Illinois. Wi -consin:::. Ka m;ws. Nebra~k a: So. Carolina : : 'renn es~ee .... 1·8 1"5 1·4 h1 1·8 1"7 1'4 2·.:.! 1 ·1 J-4 .. 4·? 2 '9 2·1 2·4 2·6 2·4 2·1 .3 2 2·3 84 -. ·3 3·6 3·s 3 ·8 4•2 , ·8 4·6 4·5 4·5 37 )'8 1•4 1·3 3·1 2·1 2 ·7 2•5 "4 2 ·1 3 ·0 2 •.; 1·2 1'(3 1·1 1 ·5 2 ·2 1 ·o 1 •4 4·9 3'5 4 ·0 a-7 4 ·2 3·8 4 ·5 4 ·7 3 ·7 3 ·5 2·7 :.: ·1 l"!J 2·7 J-4 1·0 1 ·2 1 ·6 l •7 1 ·7 2 ·,3 1 ·o ] ·6 19 4·o a-3 ;3-4 iJ ·5 2·~ 2·3 2·~ 2·1 2·6 2 ·3 26 ~ ·2 38 3 ·8 4~ 4 ·6 4'6 3·8 Rates of taxation. Cities. ----Boston •...•. . . New York ... . Albany ... . .. . Philadelphia. Pit t i,burg..... Baltimort>. . 187!i. J - 1876. 1877. U.S. Sta'. e. Total. U .S. State. Total. U.S. State. Total --- ---- - -- ---- ---- --- ---- - - -·- Per ct. P.erct. Per ct. Per ct. Per ct. Per ct. Per ct. Peret. P. ct. ~ea!hi>~f:~:s: :1 Louisvme ... . Cincinnati.. .. Cleveland .... Chicago. .. Detro ,t ...... Milwaukee .... St. Louis ...... St. Paul . . . . ... 1·4 i •O 30 2·0 1 ·9 c,·1 3 ·6 0·8 0 ·5 2·0 0 ·3 0 ·3 0 ·5 ~·6 23 2 ·5 1·3 ., ·O 2'8 2·2 ) '4 1 ·3 ]'4 1 "6 !·3 2·0 ]•I 23 1 ·8 23 1·2 l ·3 3 ·3 5·1 6"6 28 l ·\-1 3•3 1· 7 1 ·9 1·8 4·ti 84 4·8 3 1 1•4 1 ·6 3·5 3•4 0·7 0·5 2 ·0 1· 1 0·2 0 ,5 2·9 25 3 ·0 1 •5 2·9 2·6 l 8 l'!l 3•·~ 2·1 1·i 1-2 12 1"6 J-4 1·7 1"l 2·2 l'6 5• .i 2·2 4·0 3 ·5 1 ·3 1·~ s-·o 5·4 6·6 I 2·s 1 "9 3 ·2 2·3 1'8 1·9 46 3·6 5 t 3"1 5·1 3"9 30 1 •3 2·1 a·o !cl 1 ·4 1 ·2 13 15 1·4 17 1 ·1 z·2 j 6 24 14 1 ·:i 1·6 2 ·9 3·2 07 0 '5 J ·9 0·1 o·9 f, •5 2·9 2·t 2'9 17 2·11 2 ·'i l 7 2 ·9 5"0 6·2 28 19 31 'l·O 2··l 1•9 46 3 ·3 58 ;3·3 r,·o 3 •9 :{ ·O REDEMPTION. The following table exhibits the amount of 1:ational -bank notes received for redemption monthly by the Comptroller of the Currency for the year ending November 1. 1878, and the 7.) amount received for the same period at the redemption agency of 9., the Treasury, together with the total amount received since the 29 - - - - -- -1 1 - - - - - -1- - - - - - - - -- ·- - - passage of the act.of June 20, 1874: $5,43'>,35 ! 31 It will b e seen by the above tables that, since 1864, the total i.axes collected by the government from the banks and bank·e 1s of the country amounts to $137,261>949 09, of which the national banks have paid nearly two.thirds. One obj t> ct in imposing these taxes upon the nati onal banks was to make the system self-sustaining, so far as cost to the government is con~erned; but while t be wholl'} expenses of this office, from its -establishment to July 1 of thid y ear, have been but $4,525,02~ 66, the first of the foregoing tables shows that the national b anks have returned to the government in tax<-'S during this -period the large sum of $86,033,554, of which $30,775 1817 was -paid on circulation alone. It is to be fur ;her observed t.hat the ·w hole c f this amount ha3 been collected without any expense to th e gover nm ent. From returns made to this office by the national ba,nks in several different y ears, in response to rt-q uests therefor Ly the -Comptroller, the amount of S :ate taxes paid by them for the _y ears 1866, 1867, 1869, 1874, 1875, 1876 and 1877 has been •<iefi nitely a scertained. No r eturns were ob tained for the missing .y ears in this series; but fro:n the data furnished for the known _y ears, est imates have been made in tbis office for the inte::vening ones, and the whole amount of taxes, S ·ate a ·:d national, p :iid by the national banks from the y t-ar 1866 to t 1 e present time is :-s · own. yearly, in the table below : Y ears. 18i n. l t!'ii'i. States. The evil effect of these high rates of taxation may be seen in , he redu~tion -of capitRl and -surplus by the banks fo the city of New York a lone., during the 'I.a-st five years, which has been upon ·capi1al $1-6,435,000, and u pon s11rplus $6,002,981; making a total of $22,437,981. The State banks of the f'ame city are reported to have al,o reduced th t lr capital $4,794,000, 8nd surplus $1,340, ,, 00; making a total reduction for all of the New York city banks, during t l.i at period, of $28,512,281. The inequality in the rate of taxation imposed by State Totals. authority upon banking capital in different localities is well $167,310 45 illttstrated by the following table, which gives the rate of such 1,954,029 60 taxation i , the principal cities of the country for the years 1875, 5,1~0,8 ':l!'i 61 5,840, 698 21 1876 and 1877, the ratio of United States taxation upon deposits, 5,817,268 18 capital and circulation combined being also given for purposes 5,834,8138 99 of comparison: The amounts paid to the CommissioneT <>f internal Revenue <luring the same years, by banks and bankers, other than national, J s shown in the following table: Years. 9 Capi tal stock. -- - - - - Amount of taxes. U. States. S tate. ---- ---- 18fi6. · •• . M!0,593,4:ci5 $7,949,451 i B,069.938 9,5·i5,601 1867. . .. 422,804,666 8,813.127 I ,757,65fl 1 868. . .. . 420, 143.4111 '9.,46 \ 65 ! 7, Q9i,O,J6 18 9. . .. . 4l ~,6 ti<,860 10,081,244 7,4~:.67 j 18: 0..... 429,31 4,011 J0,190, t;82 7 860 018 1871. ... . 451 ,9~1,Bil l ll,610,8'· 5 6,703,910 s. ~1 3,77'.I 1 8 2. . . . . 4 •2.95S,\J5~ 7,004.64 6 ~,499,745 18;-3 ..... 485,776,4 •8 7,256,08-3 !J,620,3~6 18~4 . . .... 49 l, 751,679 7,317,531 10.m8,122 1~75• . . .. '5ll:\fi87,911 7 O, li,087 1'- 7,i. . .. . 5- 1,788,0i9 9,701 ,732 fi,90~.57:{ 8. 8.> 9.304 1'!77. . .. . 485.2.i ll. fi!l4 To tal. Rat io tax t u capital. U.S. State. Tot'! --- - - - - Per cl. Per ct. Pr.ct $16,01!1.3S9 fo ,3.38,7:4 11-l,2!:-J.3 18 11,srs,340 17,ti55,b57 1~, 509,973 ]5.l'47,6•2 15,501,394 !ti,876,409 17, =375. 653 16,777,8 1\l ]5 7:ll.8i7 1·9 2 2 2 2 2 ·4 2 4 2 4 1 ·4 1 ·4 1 ·5 l '4 1 4 1 ·4 2·0 2 ·1 2·1 1 ·7 1 7 1 ·7 1 ·s 1 8 2·0 2 0 2 0 1·9 3 9 4•3 4 3 4 I 4·1 4· 1 3 ·2 3·2 a ·5 3·5 3 ·4 3·3 In the returns of U ui ted States taxes prior to the year 1872, in the above table, are included the special or license tax of two <dollars on each oue thousa .i d dollars of capi tal, a.nd an income tax on net earnings. 'I' 1e S tates in which the ratios of taxation to capital were most e xcessive during the years 1875, 1876 and 1877 are shown in the table following: https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis Received by Comptroller. ~:~~ Months. <II ... s~"' 1877. t§~ s·g~~ s ~ d,~ -:e .:: §~ O,o ;:J O' t;gO:I Q) "' Total. .:l .~~i .., == A 0A ~il ~·~ S:: .... ~ -zo ...... ,~..., O:I .. po----- ---- ---- - - - - - ---·C Q) ~-~ ~ r=::;.o ... November .. .. . December ... . '0 "'oo~.:l IC} ~ $ 11,fi80 17,590 $ 3,10 7, FOO 1'. ,101,!JlO 1!'5,400 30,900 1:s,oon 106/,00 b8,700 6",073 34ti,750 .!!5,40::> 37, tOO 61,15!! 4/ 23,100 3,7:.!0,600 3,f>:{4 ,SOO 4,001,700 6,0~ti,5f0 5,!J09,8(10 4,t.35,100 3,435, .on 2,997,500 2,095,0UO trl- Ql Rerelved at th e r edempti,Jll ngen cy. LJ $ $ 1<.ti,54·· ' ,432,017 137,500 f>2J,t 92 $ $ 4,718,01 3 n,3 ,0,759 3,786,682: 17,222,89li 187~. January .... , .. F ebrnary .... . . M !lrCh .•.•• . •. April.. ...•..... May . . . ... . .. . June ........ . July .. . . . . ... , .. August .... . ... . September. .. October . .. . . . 218,18!l 577/10 5, l'i3,-699 18,0 '0,569 203,7!30 521,ll!/7 4,47fl,6t, ] 3, 5 8,~78 l29,s20 322,760 4,074,9~0 12,026,805 211,458 '721,17t<i 5,04.0,8:Jli J 5, 71io,&•8 t26,3t5 1,0clli, 42!Y 7, 577,914 24,07ti/8t 492,043 1,0H,16ti 7,4s ~,o8., 2.3,(i1 5, 6.0 J8:~,ll7 ti!l0,264! 5,855.211 22,7~ 5.4"3 308,585. Gll5, .~07 4.4i'U,8',7 16,-t18,f03 ]77,9 . J .'3 27,069 3,540,080 l .'J ,292,2Ufi ~9, .'Jv(; '2~3,0o3 1l,!-i28, O.:.! 8, ·76,449 - - - --i 995,7;i7 47,84!-l,200 2,1;8 4,424 8,2lf,,552 59,145,933 202,4\,9,740 ------ To ' al. .... _. R ece ive<l from June 20, '74, to i0,974,281< 27-3,670,855 lC0,283,941 52,805,216 347, 7:-J4,300 f\!i4,794,5:53 Nov. 1, '77 - - - - ----- ----- ---·-- ------ - Grand tot"! . . ll,W0.015 3 11,1\20,055 12,qf,8.311", nl. 0-21-7•8 407.480.23 ' D ur ·ng the year ending NoYember 1, 1878, there was received 11,t tile redemption :agency of tbo 'l'reasury $202,499,740 of national-bank notes, of which amount $65,847,000, or about 3'}¼ per CPnt., was 1:eceived from the baokR in New York city, and $75,396 .000, or about 37 1-5 per cent, from Boston. 'fhc, amount r eceived from Philadelphia was $10,756,000; from Baltimore, $1,215,0CO; Pittsburg, $1 ,026,000; Cincinnati . $2,223,000; C ,, i. cag , $2,866,000; St. Louis, $814,080; Providence, $4,945,000. The amount of circull\ting no tes, fit for circulation, returned by the agency to the banks during the year WliS $151,683 .200. 'fhe total amount received by the Comp·roller for destruct10n, from the reciemption agency and from the na tional i anks direct, was $37,061,509. Oft-his amount $:5 830 .516 were issues of th~ banks in the city of N P. w York; $4,447,825 of B.iston; $1,811,160 of Philadelphia; $1,107,323 or Baltimore ; $1,087,470 of Pittsburg; $435,2, 0 of Cincinnati; $444,898 of Chicago; $169 .673 of ~t: Loui f< ; $360,281 of New O:-leansi $351,800 of Al'!:n.ny; and $359,490 of c :.. veland. ,, The fo1lowinll tnble exhibits tb~ number and amount of na 1 ional bank notes of each denomination which Lave been isEued and redeemed since the org;rnizitt.ion of the system, anq the nu~l:)er 9,n<l !l!P,0JP?·t qgtstan~in~ on Novemb, r l! 187~; • BANKING .ABJJ FlNANOlAL. 10 tione. Amount. Number. D enominaIssued. Red'med Outst'd'g NEW YORK CITY BANK MOVEMENTS, Re deemed. Outstand'g Issu . d. ------- --·--- ---- ------ ----$18,194,19r $4,284,219 --- ls . .. . ... 22,478,415 18,:94,J!,6 4,284,219 7,517 7ti5 6 22ti ti!J2 1,291,073 2s....... 5s ...••. 61,191,2~8 :2'.ti83'.4::3 8,507,855 ,3 13 859,149 10,298,144 21,157,2 10:3 .••. .• 20il .. •... . 7,344,lt-7 3,933,178 3,410,9 9 728 222 419,351\ 1, i47,!'>7~ 50.;. 812,!lO ~ ' 41 85!1 27! 014 100 • ....... t ;i15 1~,895 20,210 500i! ....••. 304 5,900 ti,20 1 OOOs. , •. •• . ---- --- $22, ,7 ,41 5 2,5~2,14'1 15,035,S:10 12,453, 8 , ~,534,275 W5,!!5ti,140 213,417, lti5 241,572,930 13-:!,5!11, 190 10'2,981 ,440 7 ' ,1i133,560 68,2l!l,7e0 146,883,S40 57,:17N,900 86,4ll,100 20,967.800 81.290,300 54,185,900 27,.104.400 11,447,500 M7500 10,105.000 SOt,00 l 5,900,000 t ,204,000 •-11,502 *+11,562 ------·- 124,615,·2:3 8'\,i!Jl,524 3S3,484,29 $88-i,!l04,8~i> $567,252,733 $3 9,652, 122 • Subtract or add for port1om1 of nott-s lost or de::1troyed, IN SOL VENT BANKS. Since November 1, 1877, receivers have been appointed for banks in operation at that date, as follows~ Carltal. Third N11tional B mk of Ch icago, Ill . ••....••.•..••.•.•• .••..•...•. $750,000 200,000 Ceutra! Natio111u Bank of Chicag?, Ill .. . .... .. ..... ............. . . . 500,000 First National Bank of Kansas City, Mo .. .. . .........••••••••••... . 100,000 Commercial National B ank of Kansas City, Mo .....•••..•••• . ..•.•.. 100,000 First National Bank of ~arrrt" WD, N. Y.... ... .. . . . .. . .••. .•. .•• ~.ooo Washington County Nat10n•1 B~~k of Greenwich, N. Y ..••. ••.•.••• 50,000 First Nation ·1 l B ank of Dallas. l exas ..... ....................... • . 100,000 People's National B,mk of H ele na, Mont . .....• . ......• .. .•.••....• 5000) First National Bank of B ,,zeman, Mont . .. . ... . ... . .. . .. .• •.....••• o0:ooo Farmers' National .Bank of Platte Ciiy, Mo .•••...•••• . ....•...•. $2,100,000 STATE BANKS AND SAVINGS BANKS. The ]awe of th e United States requird returns of capital and deposits to be made to the Commissioner of In~ernal R Aveoue, for purposes of taxation, by a ll State banks, sa~mgs banks and The data for the followmcr table were private bankers. obtained from the Commissioner and compiled in this office. This table exhibits, by geographical divisions, the total number of S tate banks, trust eompaniee, private b~nkers and savings banks, and their average capital and d~pos1ts and the taxes thereon for the six montbs ending May 31, 1878: States and Territor1es. Capital. D ~posits. * Tax on Capita l Depositi, '1 ot11l . S~S,957.428 :l8.30\J, t 24 8,140,383 157,816,812 70,74ti.941 50.028,323 ~8,858,210 $188 152 8211 1,429 3 826 8,188 5,ti04 $1,253 4,2: 0 4,0!l6 5 085 11:694 39,301 31,271 $t,4tZ 4.4·~ 4,\12) ti,514 21,520 4i,489 36,876 20,219 B,,-ton . .. •.... Rhode I ~land •..•. .. Connecticut . •••.•.. 107 f 9t,108 61 ,000 :!44,167 83t,666 3,061,ll97 3,883,267 2,8!0,UOO New England Stat.es 555 11,116,005 422,857, n6 102,972 123, l!/2 NewYork . ........ . New York city .. Albany .. New J ersey ..... .. . Pennsylvania ..... . Pb.ilade 'phia .... . Pittsbnr1?••••..... D -elaware . ... ... .. Maryland .• • Baltimore ...... .. Washington .•... 82~ 4m 14 59 313 59 37 9 13 41 JO 77,r 8-'l,8 8 514,075,533 132,854 · 518,167 651,022 Maine . . ..... New Hampshire ..•. Vermont..... Massachusett ■ • No. of banks . .• .. . 69 71 21. 170 59 513 Middle &tates . ..... 1,326 6,499.580 3,!l2i.7~? 970.018 1,004,81i8 3,918,4.:l8 233,415 1,R13,l.05 1,'i 3'l.59, 4;,110 7,99 l, 123 4,626,420 248,60.3 6,237,262 5,fi50,05? 2,731, !99 7,753 3,668 l.470 2,278 10,711 223 2 42<1 2:5-35 177 10,721; 8,744 514 16 ,,6'56· 12 971 4,233 15,421 !l,8 111 2,445 l!,428 9,l.O 583 4 533 · 4,331,J Louis ill na . . N t w Orleans .. Texas .••••..•....•. Ark insas . . ••.•••. . Kentucky ..... .. . . . Louisville ..••... . Tennes-ee .. .. . .... . 22 82 3 21 lO Z 15 74 . 17 31 3,2Q1,667 1,4'.-l6,7!'2 68:i,::9:1 911/23 4,317.817 89,48! mi:-J,276 1.2, 9.573 116,00j 4.47:i.!105 3,707,057 2~.~.57ti 7 010,1 03 5,288,29fi 1,769,671 15, 184 11,565 746 t5 , "1 1~ 141 12 6,828 2~.174 13,4~7 3 915 4,i07 111,901 807 6,954 6,8 ,7 297 25,!l 11 20,:JOJ 1,260 ~~.-.3l_~ 0;1U N 11,061 2;:-559-,02; 47,774,074 Virginia ...... .. . W est Virginia . .... . North c ~rolina ... . . South Caroli , a . ... . Georgia .... ....... . 77 Alabama .... •..• ... F orida ......... .. Mi sissinpi .••.•.•. ~ 13 18 67 o •V V 85,087 113,CH rn8, 129, 6.04~.3R4 2,0i2,369 21 898,6:l3 9 5,081,175 15 l 4,509,7il8 319 3,612,!:IOR 31 2,636 . . 07 Jf 3 108.368 1, 15 1,38ti,4Q5 1:19 729 ,85:J l1 5,255,013 287 1, ~IO 502 'li 4,121,26\l 17fi 6,576, 033 32 l · 9 · 1,472,344 503,t9.'i 48 15,9:;2,238 12, ~59 3,:1f8 7,3til,6t\l 1,M)O 12,244. !Jli7 10 2-24 03 • 11.,, 4 12:412:557 ;0,153 4,8.Q:: 6,832,759 6, 454 4 737 72i 6'.1711:!09 . l,i:00 3,026 3, il 1,0t:9 1,fif,9 5.747,509 8,221,785 12,711 3,662 3,233. 6A3 9,81 , 10.181. 792 l ti,38 7,002 14,540 3,g41 2,598 746 1,~0;J 1,189, : 50 38,776 17,2P5 17,403 2 1,838 29.981 17,r43 11,844 l 1. 0::8 9,281 14,368 20,377 7.!150 25,41il 40,967 6,496 2, !,72 !11,736 20.183 1• H:·4 3:3 5fH 4U,13;> 2 !,ii35 8 ,2!;8 l t 839 12,311 ~6.l 38 33, 089 11,612 3· .~7t 55,5u7 !l,938 4 li6 1,78l 47,4i0,286 126,284,7v6 !03,03! 293,101 3!J6,133 643 2-i~ 9,9i3,129 21,787.031i 528,rnO 412,268 190,000 5,000 t32,794 54,CO:l ~8 039 13:l,413 208,COO 85,(.00 i,489.5!7 17,4i~.175 78,0; 0.6:.9 934.915 1914,581 714 .555 61,1 80 ]4~, 682 16,:: 58 277,!l~7 188, 91~ Mi,450 25,8~5 1,499 24,733 46,256 1,315 1,40~,~ wa~hington . ..... . Arizona .......... . 10 H4 3=i 28 16 8 4 3 2 12 8 3 4 12 198 135 195 33'J t2fl ~12 3,602 37,!!46 132,601 2,33ti 4,,86 1,78ii 152 371 40 f,94 472 1,34:l 64 17..-1,858 3,651 5,8261.,1, 2. lti5 !i70 l 75 889 805 1,663 2'ii' nd ta S tes Pacific . • a. .. Territories '21 7 34,148,094 101,60t804 76,918 1Sfi .2DO Southern States . .. . 520 Ohio .••••.••.•.... . Cincinnati ...•. C1evd and . ..... . .... . Indiana Illinoi ~ ..• Uh 1c:1go ....•... .Michigan . ........ . Detr" it . . . .... . Wisco nsin •......... Milwaukee•..•.• . Iowa . . ..... . ..••.. . Minnesota ..•.••... . Missouri .. St. L ouii,. . .•••. Kansas . .. . ...... . . Nebraska ......... . 25"i Western States ..... Oregon Ualifornia ... . . .•.. San Francisco .. •. Colorado. Nevada ........ .. Utah .•...••... New Mexico.•.•.... Wyoming ........ .. Jdab,o . . ........ . Dakota .....•• . Montan~ ...... . .. . Totals ...• . ... .. https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis - - - - ------ - - ·- · - -- The banks in New York City Bhowed an important change during the year 1878 in the amount of thdr capital stock. The seve1e burden of taxation upon the capital stock, a,nd the unprofitable character of banking busint-ss, induced a number of tbe banks to reduce their capital; and at the close o! the year the cap' tal of the Clearing-House .hanks w .s $67,935,000, against $62,707,000 at the opening. Only one change was made during the year in the number of banks in ·the Clearing House A!'sociation, and that wa~ by the addition of the Chase National Bank, in October, with a capital of $300,000, its first returns being included in the weekly Clearing-House figures of October 26. The New York Clearing-House banks were prompt in November in passing resolutions for the a ssistance of the government in the resumption of specie paymtnts, by dtclaring that on Jan. 1 1879, gold accounts should be abolished , and gold and currency accounts should th en be one and the same. It was also .resolnd that silver dollars should be received only on spt> cial dep sit and not included in the current accounts with gold and legal tenders. The following wer~ the to als of . the weekly statementL'I ol the New York City Clearing-Ho use banks for each week of the year, the figures representing in each case the average for the we~·k ending at the date named; L oa11s. Jlln, Jan. Jau. J an. F,·b. s 5 12 19 ~ti. 'i . 1<'1:b. 9. Feb. 16. Feb. 23. Mllr. 2. Mar. 9. Mar. 16. Mar. 2i:l. Mar. 30. Apr. 6. Apr. 13. Apr. 20. A1, r. ::7. May 4. M11y 11. May 18. May 25. Juue !. June 8. June Hi. Jnne22. June2!1. July 6 . Ju ly 13. Ju ly 20. July 27 . Aug 3. Aug.10. AU!!, 17. Aug. 24. Aug . 31. Sept. 7. Sept.14. Sept. 21. Sept. 28. Oct. 5. Oct. 12 . Oct. lll. Oct. 26. Nov. 2. Nov. !l. Nov. Iii . Nov. 23. 1Tov. 30. D ec. , . Dec. 14. Dec. 21. D ec. 28 . _____ ,_____,______ L egal Tenders. Specie. - - - - - - 1 - - - - - 1 ! - -- - $ :239, ~t.6,400 25,207 500 ~j1J,9i:lli, •· OU 2 . ,093,200 23ti 981,200 28,477,500 238.404,3UO 30,1111l,ti00 l!4 1,:<',5. 500 31.230,000 24i.l,0J7,300 32,146,900 242,85~,!100 33,011,600 243,ti59,10u 3t, 37!!,400 246,456,:.00 33,326,400 . 246,320,800 1 a"l,llti,\luO z42,111s.~oo 39,515,~0u 241,066,70u a~,687,500 241,590, · 00 o8,7o7,b~O 24U,649,100 36,ti2U,700 236,018,400 35,486,900 232 113 4LO 35 !ii.l5 90U 230:301:000 L2'.500:100 ~29,!J3fi.4LO 30,051,900 l/32,030,700 27,469.500 233, 122,600 23,0::J(l,200 21l3,9!J7,200 l !J,82: ,100 23i,04\/ ,4UO 17,LUl, .. OO 23o,13 t, !JOO lli,801,200 23!,6:!9,100 17,lt,5,2( 0 231 . 713,700 l 5,0l,9, 700 232,720.200 16,311,!JOO 2~6 5 ,6,000 ;(0,4¼0,000 234,120, JOO 22,048,600 23ti, I 95,500 22,011] ,600 238,636,000 19,695,600 2d8,09r,!.00 17,990,bOU 240,220,100 20,407,600 2;J5,5~5.400 19 ~34,300 236,994,3(,0 18,662,800 2::i9,431,7LO 17,0C0,3Ci0 ~43,432,900 16 95i3,100 244,215,100 18,5~4,700 245,317,400 18 322,800 24fi,322,500 18,UJO,tiOO 247,881,\JOO 17,599,'iCJO 248,634,300 13,991,100 24ti,5!J3,100 15,547,800 245.108,400 19 8ti0.5UO 2i4,511,800 24,144,iOO ' 240,2~,,wo 26,373,200 237,6J5,5l O ~5,405, illO 234,917,700 ~3,414,400 236,4:38,400 22,%7,400 15,:100 2/l,169.700 ~39,8 , 238.0t7,200 20,88'.!,000 235,9 4, 100 2U 911, t OO 2:i5.8Q4,400 20,5 14,100 Depo11ite. $ $ 34,612,000 201,981,500 31,804,0{'() 2U3,!i€6,000 37,l ' 9.300 205,!l72,30U 37,231,20t.J 207,171,200 37,362.200 210,301,~00 34,b77,000 211,713,000 34,845,600 212,-i32,000 3i.l,!l7ti.OOO 210,894,tiOO 33,11l7,!i00 213,933,400 30,b.i5,\!ll0 215,lf 5,~00 ao,82u,2 . o , 21 ,085,100 29,605,7CO 211,1138.500 29, q25,400 210,3i 8 400 2ti.637,0C O 204,!i63,2u0 2B,66!i,1l O 20 I ,!126,600 ~2,18ti,OOO 202,05::3,400 34,931l,8oo 200,875,000 36,435,30[) 199,0:4,000 38,612,0LO 201,038,0• 0 41,0'20,100 199,6 6,100 44.023,9!,0 1!:lt<,!:185,300 47,248,0011 l !,9,81i7,900 47,tH6,400 2()'2,271,~00 49,502,9!JU 205,'185,200 1>2,466,\JOO 205,384,100 53,99o,300 205,9,;5,oOO 53,60ti,300 213,816,100. f>5,55 ti,300 21i ,4 11.5.JO 57,543,900 ~21,252,100 5S,409,t00 222,133 700 t:8,6l0, tlO 21\/,1!78,EOO 56,286,500 221 432,700 55,479,400 . 217,884.7, 0 55,059,800 · 216,089,500 5:, ,94.),500 2lti,164,100 50,683,500 216,711,200 48,f:!91 ,;;?00 216,~69,000 4 ,53 ,400 217.304,000 45.b8U,700 216,332, 000 43,::l62 2UO 214,103 400 42,0L0,8!.0 210,04 t,200 40,':2!/,100 20t3,144,t00 3\1,962,500 .211 ,C9ii,700 40,219,000 215, 143,400 3\l, 165.400 210.737',b(IO 39,938,2GO 2·9,752,100 40,5•8,200 207,184,800 41,275,700 2 6,791,200 39,961,000 207,0:i8,6flQ -40,478, ' 00 20ti, 134, 1 ()!) 39,ti00,000 20:3, .. ~5 600 40.76-:, l 00 20:3,20:.1, 7W Circnlation Aggregate Clearings. s s 1 !1,787,100 412 729,8f,IJ' 19,861,600 4iJ:i,812;Sl9 19.841,800 4(18,472.87-t 19,7!l8, 100 378,019,773 19,761,300 34P,214, 147 344,105,4fi2 I 9,687,100 t9,i8l.200 343,t.70,421 19,806,900 289,4d7,4!ll 1!!,838.5'.0 342,5-l0,500 19,885., 100 I 377,110, 111 19,910,, 00 401,f>!H,97,7 l 9,906,::10(1 373, 7'11,0n l >1,9H,300 359,353,32i 19,~44,I 00 441,442, U55 9,!,59,200 381,415,325 19,982.9( 0 426.180.360 20,021 800 419,201,399 19.998,000 43!!,5\!5,M~ 20,033, 100 361,572,f 87 20,012,300 382,tiSS,684 20,005,800 a ,1.364,l!ir> 19, 941,000 339,0'22,45-l 19,9~9,600 1l74.i39,18~ 1°,984,900 387,933,8:J.1 19,909,\lOO 361.641,610 13,934,200 349,403,759 19,8:23.9ll0 3:'>3,550,231 rn,o22,100 :n&,so~, 111> 19,405,100 352,707,254 H,07b,OOO 353,322,4i2 19,273.600 41U4fl,O l5 19,h!J,800 355,6\12,200 19,o.1 25.60,; 2 12,26 1,469 19,305,fiOO I330, 537,433 19,438,7<,0 285,766,611 19,512.3[ 0 34e,W2.4~6 19,478.300 3~0.8i 7,791 19,616 300 33-3,600,!;66, 19.617,800 370.lll,76i 19,577,500 453 971,38'4 19,5\:13,lOtl 424,149, 900 19,601,m> 4E-2,2ilt,920 l!l, lS9,7t O ; !J2.818,293 19,904,310 488,57J,f 53, 19,905,400 418,9fl3,425 19,\J 09, 40U 460 572,7:,'l' 19,961,9ro 404,032,742 20,• 01.000 3h8,238.M~9 20,058 20 I 43ti.6~5.221 20,141,BCO 380,741,510 20,077,00(1 421,244,872 l9,576,7UO 325,69fl,!34 From the totals of the New York City Clearing-House etatemeots for each week of the year, given above, we have as a. deduction the following perceutages of reserve held (specie and legal tenders) in proportion to liabili,ies, and the bank rate of interest each week on call loans, prepared by Mr. Camp, manager of the Clearing House. Rate 'l'ot!il reF~?;Jf tolo~a;;. Dnte. reserve to of in liabilitie~. ter'st. liabilities. ter'st. 5. mt - · - - - - - - ------5 - ---12,• 79 Jan. 3,¼' May 4. 26'98 30 35 7 5. 28 ' 61 Sept. 7. ----- 2(,3, 11q 4.400 205,38~.s:i 1,242,794.903 418,112 1.21q,4~3 1,631,595 'l'otal Rate Date. r eserve to of inliabilities ter'st. ' 12. rn. 26. Ftb. 2. 9. 16. 2:3. Mar. 2. 9 16. 23. 30. April 6: la. 20 . 27. 27"69 29·08 29"70 29·8I 28'96 29'26 28 ·77 26'52 28'8:3 2::r73 2!} ·89 29 '61 2s-~6 28·91 31)·68 30 56 7 6 6 Date. 5 11. 18. 25. June 1. 8. 5 15. 5 22. 29. July 6. 13. 20. 27. Aug. :J. 10 17. 21 . 31. 5 5 5 5 5 ti 7 6 6 5 2il'\ 0 29•]5 :l9 15 29 23 29 07 29•51 ~9 98 31 ·12 31 •tiS S2·76 :ia· n5 32'39 32"47 31 57 3 l 49 31 31 30 Ori 4 3 3"' 3½ 3½ 4 4 3 4 3½ 3 3 3 3 3 3 3 14. 21. 28. Oct. 5. 12. 19. 26. NOT. 2. 9. 16. 23. 30. Dec. 7. 14 21. 28. 28 'S6 28 ·21 21 ·u7 25 ·75 24' 48 24·70 25'E8 :17 ·:;3 23 40 28 ' 44 28·18 28 "81 26 ' 47 2 ; ·12 27 ' 95 2,•51 3 3½ 3½ 4 5 6 6: ti 4¾ 4 4¾ 4¾ 4 5, 5¼ 5 BANKING ANIJ FINANOIAL. COMMERCIAL AND FINANCIAL AFFAIRS IN GREAT BRITAIN. 'l'b.e year now terminated has been produ.ctive of more disappointment than its immediate pTedece!:'sor.s. After the panic of 1873, a period of eautious trading was fully anticipated; but it was by no means expected that after a lapse of five years there would be no tendency to recovery. And yet such is the case; and it 1.s difficult to forecaet the future with any accuracy. It is, no doubt, b ey,.md dispute th at we possess nearly all the elemen~s of an acti ve commerce; but, in spite of these there is no progressive movement, business b eing conducted in every depart. ment with the greatest caution. In 1877 substantial reasons existed for a restricted tra4e, viz., the war between Russ~a and Tu1key, and its possible consequences; b11t during the past year that .w ar bas been brought to a close, a peace, to which Europe has eonsented, has been signed, and though some difficulties have occasionally arisen, yet there is no reason to believe that any of the terms of the Treaty will be disp11ted. Evidently the state of politics in Earope h.as b een the cause of much distrast in mercan. tH.e circles; but as the inactivity and absence of profit in mercantile circltis are not confined to Europe, but are, and have been, peculiar to the whole world for so~e years past, it is natural to infer that something, in addi tion to, if not deeper than, politics, is at the root of the prevailing state of t~ings. It was sanguinely believed, in many quarters, that the autumn of 1878 would show that we were emerging from the period of depression, and that we shonld enjoy a more satisfactory autumn trade than had been the case for some years past. Money was cheap, 1he prices of r aw materials were low, and if there had been some disappointment regarding th.e harvest in this coun try and in some parts of Wester .i Europ A, yet the valuA of wheat was declining , owing to the abundance in America an:d Russia., and especially in the former ~ountry. In fact, the productioa of the staple articles of food in the United States has been unprecedentedly large, and in. the manafactt1ring dis ~ricts especially the cost of Hving has been much reduced. No dot1bt bad trad e has had the effect of enforcing many economies, and has cur~ailed waste and ~onsumption; hence, the supply of food goes further, and is thus practically augmented. Bt1t notwithstanding these favorable co •1ditions trade failed to revive, till at length it was whispered that something was radically wrong, and the anxiety c11lminated i n the fa ilure of the Gity of Glasgow Bank. The failure of this bank disclosed a state of things for which the p11b1ic were not altogether prepared. And yet, for many years past, it has been a general complaint that our Indian trade was ve-:::y unprofitable; but it had been hoped that the most dangerous . sources of trouble had been dried up in 1873. It now appeal'B, however, that this was by no means the case, though it is right to say that one w rll-known firm was anxious to stop payment as long ago as 1870. Had this b ::ien done, the present crisfo would not have occurred now. It would have b een a thing of the past, and we might possibly be in the enjoyment of a greater degree of confidence. The directors of the City of Glasgow Bank Wdre desirous of convincing themselves that the future would b e mne profitable than the past, and they insisted that tb.e firms to wh 11m they had made advances should continue their business. This was accordingly done; but months rolled by, and no improvement took place, the result being that matters got from bad to worse. The collapse showed distinctly that the ex:teut of our Indian trade had been maintained, not by any law of supply and dem and, but by shipments of goods made with a view to procure additional means towards meeting drafts arriving at maturity. Had trade revived two years ago, and contin11ed remunerative for a reasonable period, the position of affairs might have been rectified; but t rade pursued a contrary course, with the result which is now .so well known. Fortunately, the troub le incidental to so large a 1ailure as that of the City of Glasgow Bank has been comparatively local. Numerous heavy suspensions have taken place and, in addition to these, there has been a great loss of confidence. Distr11st in commercial and financial circles is a very serious evil, and as long as there is such a feeling, any improvement in trade is impossible ; bills b ecJme . difficult to negotiate; money, of course, is "tight," 11.nd the m achinery for cond.ucting business is thus thrown out of gear. On this occasion the distrust was increased g reatly b ecause the position of the Bank of Engl,md became weakened. It is very satisfactory, however, to notice that notwi thstanding this important failure, and the unfavorable conditions develop ed , the public have shown a wise discretion. Th ~ mercantile classes and the banks have, no doub t, b e~n making ample, if not more than ample, provision agai nst contingencies, https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis 11 and it is decidedly a favorable feature that the Bank of England has borne the strain upon its resources witho11t being compelled to raise its rate of discount above 6 par cent. Great as was the anxiety concerning the failure of the City of Glasgow Bank, it was soon acknowledged that the difficulty would be comparatively local, though it was quite clear that the distress occasioned by it must be severe Bnd protracted. Not very long afterwards, a better and more confident feeling was apparent in financial circles, and strong hopes were held out that the most serious difficulties had been overcome. B11siness, therefore, began to show indications of revival, but the tendency was soon checked by rumors of difficulties in Lancashire and in South Wales. 'l'he suspension of Messrs. Ft>ntons' Bank at Rochdale, with heavy liabilities, led. to a return of the previous depre"sion, and from that relapse there has been no r ecovery. More important than the fail11re of Fentons' Bank has been the suspension of the West of England _a nd South Wales Bank, the former being due in a very great measure to spec11lation on the Stock Exchange, while the latter has be.e n mainly caused by mercantile depression, and to the heavy losses f(Ustained of latt, in the coal and iron trades. It is a well '. attested fa.ct that, for a long time past, manuf.acturers throughout Lanca.shire and Yorkshire, and the owners of mining property in various par ts of the country, have bo:rrowed largely, a nd it would. appear that, in some cast:-s, the capital of the banks has been too extensively drawn u.pon. In those eases in wuich a knowledge of this. .fact has been whispered in public, there has been a. natural desire on the part of the depositors and otllers to withdraw their money from the banks' custody. B11t the result of such a course has been obvious; the banks' eapital is locked up in a security in con. vertible, except at a rllinous sacrifice in times like the present, and the consequence is that there is not sufficient to meet all claims. This is, of course, inj11dicio11s banking, a.nd it may be inferred that the directora of banks, by making tb.ese advances, have been only postponing a crisis which must have seemed to them infwitable many months ago . For the la::1t two years the banks have been anticipating an improvement in trade. Not only the banks, but all SP,Ctioas of the community are disappointed, and it now remains for the f11t11re to determine whether our troables are even yet complete. BANK .A.NI> OPEN MARKET RA.TES IN LONDON. The Bank and ope n market rates in London each week during the year 1878 were as follows: Open Proportion eWeek reserves Bank market nding. to liabilit's rate. rate. J an. 2. 9. 16. 23. 30. F eb. 6. 13. 20 . M 27. ar. 6. 13. 20. 27. pr. 3. .A. 10. 17. 24. May 1. 8. 15. 22 . 29. June 5. 12. 19. 26. 42·70 39·59 40·82 41·84 44·55 4618 46·82 47·34 42·.U 39-17 37·50 35·96 33·18 32·06 33·27 32·93 34·46 32·57 35·13 37·38 38·42 40·06 37·41 39·33 40·52 36·01 4 3 3 3 2 2 2 2 2 2 2 2 3 3 3 3 3 3 3 3 3 219 212 21.g 212 3 -3¾r@ --33s - Open Week Proportion Bank market ending. toreserves liabilit!s rate. rate. July 3. 2lg1o25s 10. 17. 2 24. 15s1o l~ 31. 112'1vl5s .A.ug.7. 112 14. l581iil34 21. . !34 28. 2 Sept.4. 2 2 11. 2 18. 23-1, 25 . Oct. 2. 2 34 2-'9,@258 9. \P4@23s 16. 23. 212 30. 258 25s1v 234 , Nov. 6. 2½r@258 13. 20. 214 1 7s@2 27 . Dec. 4. 158 il. l581o l 34. 18. 1 7a 25. 2 34 30·94 33·35 34:36 37·41 34·46 35·98 35·80 38·91 40·82 41·61 45·35 46·77 48·98 40·30 33·58 27·69 29·48 33·03 34·84 38·35 40·91 41·93 4014 3'1·34 28·63 27·71 312 312 312 3¼ 4 4 5 5 5 5 8 5 5 5 5 6 6 6 6 6 5 5 5 5 5 5 --3 @318 23s1o25s 2121v25s 234'@3 334 4 5 4¼1t434, 4121v419 4i¼W4¼ 4141v4¼ 4141v4lg 418@414 419 434 5¼@6 534@6 519 514. 4341v5 412 418@4 412 5 5 5 @512 - Subjoined is a table affording a comparative reviAw of the Bank of England returns, the Bank rate of discount, the price of con:;ols, the price of wheat, and the leading exchanges, at about the first of January, during a period of four years: Jan.5,1876.Jan.3,1877. Jan.2,1878.Jan.1,1879. Circulation (exclud.£ ing Bank post, bills 28,083,5'.!0 8,477,812 Public deposits... . Other deposits. .. . . 19,462,060 Governm't securit's 16,290,704 Other securities.. .. 21,661,281 R!~J6~inof notes 8 132 241 21:215:761 Coin and Bank rate of disc't. 5 p. c. Price of consols . . 93 5a xd. Av price of wheat 4.5s. 3d. Ex~h. on Paris(sh't) 125 12~-22½ Amster dam (sh't). 12 012- 112 Hambu~•a- (3 mos.) 20·69 CLea.r•~ house ret'rn 135,903,000 bulii°on::: .£ 28,622,775 6,203,440 25 936 786 15;969;162 19,582,320 14,591,390 28,214,165 2 p. c. 94 34 xd. 50s. 6d. 25 1212-2212 12 l - 2 20·65 113,327,000 .£ .£ 27,333,880 32,7132,010 5;903,097 4,940,137· 22,064,528 31,118,758 13,377,634 14,720,;l23. 20,511,344 29,119,4,4.,0 12,052,914 10,306;35 l 24,386,794 28,088,36,1 4 p. c. 5 P.: c. 9412 xd. 9.:>14 51s. 9d. 39s. 9d. 25 1~12-17~2 25 2'?12-32~ 12 2 14- 2~ 12 .:>12- 6, 20:_67 20·76 123,5.:>0,000 88,887,~00 1 1.2 BANKING ANn FINANCIAL. BANK OF ENGLAND RETURNS. LONDON BA:r.KERS' CLEARING-HOUSE RETURNS. The following are the Bank of England returns for each week io 1878-, three ciphers being omitted: The returns of the Bankers' Clearing-House for each week in the past three years have beett as follows, three ciphers being .omitted: -g.s~. ""''d Week ending £ Jan. Feo. Mch. April May .Iune July .Aug. Sept. Oct. ' , Nov. Dec. O.:i Govern. Other Circula- Pulllic Other ment Seeurltion. d'posits d'posits Securities. ties. 3 ... .. 27,592 9 ..... 27,927 16 ..... 27,713 23 ..... 27,433 30 ..... 27,210 6 ..... 27,473 13 ..... 26,872 20 ..... 26,584 27 .... . 2ti,777 6 .. . .. 27,209 13 ..... 26,976 20 ..... 27,016 27 ..... 27,407 3 ..... 28,210 10 ..... 28,240 17 ... .. 28,373 24 .. .. . 27,975 1 ... .. 28,454 8 ..... 28,397 15 ..... 28,019 22 ..... 27,757 29 ... .. 27,384 5 ... .. 27,685 12 ..... 27,771 19 ... .. 27,460 26 . .... 27,833 3 . .... 28,785 10 ..... 28,673 1'7 ..... 28,400 24. ..... 28,070 31. . ... 28,347 7 . .... 28,481 14 .... . 28,100 21. .... 27,779 28 ... .. 27,326 4 ..... 27,596 11 ... .. 27,!.96 18 .. . . . 26,988 25 .. ... 26,850 2 .. ... ,28,28 2 9 ..... 29,247 16 ..... 30,131 23..... 30,386 30 ..... 30,381 6·. .... 130,223 13 .. ... 29,660 20 . ... . 29,265 27 ..... , 28,979 4 .•... 29,647 11. .... 31,492 18 ... .. 32,592 25 .. . .. 33,369 <1) ~ tis 000 O ~.:lo ' ~ A 0 .S ~~ b_.. 0.0.0 0 - - - - - - - - - - - - ---£ £ 5,903 4,384 3,663 3,705 3,679 3,405 5,697 6,524 6,844 10,140 11,312 11,824 12,287 9,852 7,110 7,241 7,845 7,351 7,085 6,726 6,250 6,743 6,951 7,184 7,470 7,940 7,539 4,757 4,030 3,567 3,567 3,622 3,534 3,055 3,055 3,436 4,425 4,583 4,674 6,502 4,141 3,156 2,929 2,718 3,389 2,662 . 2,946 3,1.11 3,595 4,484 5,128 5,577 22,064 25,357 26,174 26,110 25,134 22,777 22,262 21,529 23,331 21,412 22,396 23,054 23,338 23,194 23,333 22,359 21,057 22,011 20,951 21,417 21,486 21,285 21,762 21,126 21,405 21,953 21,546 22,900 22,624 21,339 21,977 19,986 21,000 20,462 20,624 20,968 19,907 20,330 20,087 21,938 25,967 27,321 27,859 28,310 26,829 26,884 26,895 27,060 25,869 26,369 26,690 27,872 £ 13,377 18,417 18,2 17 17,652 16,202 15,199 15,199 15,203 15,181 15,575 15,536 15,536 16,386 16,3 5 16,556 16,556 16,437 16,437 15,5fi6 15,556 15,556 15,556 16,556 16,207 16,207 16,207 15,970 17,673 16,750 16,274 16,180 14,967 14,967 14,867 14,867 13,446 13,794 13,754 13,754 14,253 16,937 16,937 16,337 lti,010 15,487 14, 37 14,737 14,737 14,737 14,737 14,667 14,235 £ £ 20,511 17,625 17,675 17,809 17,809 17,765 17,784 17,672 20,316 22,174 24,001 25,285 25,918 24,552 21,622 21,151 20,338 21,204 20,481 19,914 19,393 19,070 19,208 18,754 18,765 20,711 22,004 18,842 18,888 17,432 18,665 18,309 18,960 17,696 17,983 19,242 17,947 l.'7,981 17,333 20,027 20,929 23,024 23,311 22,642 22,129 21,284 20,791 20,639 20,728 24,346 25,984 27,906 12,052 11,902 12,196 12,616 12,981 12,837 13,226 13,401 12,917 12,476 12,754 12,645 11,916 10,68'5" 10,231 9,846 10,050 9,660 9,953 10,627 10,739 11,338 10,850 11,246 11,825 10,858 9,081 9,328 9,272 9,437 8,903 8,602 8,912 9,274 9,930 10,301 11,177 11,788 12,254 10,773 10,214 8,517 9,166 10,338 10,636 11,468 12,310 12,743 11,958 9,746 9,186 9,342 ~ £ 24,38 24,50 24,58 24,71 24,86 25,00 25,80. 24,73 24,44 24,38 24,42 24,37 3 24,03 2 23,61 2 23,15 9 22,92~0 22,76 3 22,82 7 23,05 4 23,35 8 23,20 9 23,45 1 23,249 23,737 23,91 8 23,43 22,60 22,693 0 22,34 22,19 o 21,96 21,78 21,683 21,73 21,99 ~ 22,61 23,07 23,485 23,84 23,77 24,15 23,35 24,247 25,447 25,553 25,824 26,333 26,503 26,364 26,995 26,509 27,453 i g g Z l BULLION HELD BY FOREIGI, BANK~. Stocks of bullion held by Continental banks during the past year: Week ended. 3 ... 10 ... 17 ... 24 . . . 31. .. Feb. 7 ... 14 ... 21 . .. 28 ... l\Iar. 7 ... 14 ... 21. . . 28 . .. Apr114 ... 11. .. 1 8 ... 25 . .. May 2 ... 9 . .. Jan 16 . . . 23 ... 30 ... June ti . .. 13 .. . 20 ... 27 ... July 4 .. . 11. .. 18 . .. 25 ... i\.ug. 1. . . 8 ... 15 ... 22 ... 29 . .. Sept. 5 .. . 12 ... 19 .. . 26 ... Oct . 3 . .. 10 .. . 17 ... 24 ... 31 ... Nov. 7 ... 14-.. . 21 . . . 28 ... Dec. 5 ... 12 . . . 19 ... 26 ... Bank of France. Discount £ Rate,p.c. 80,961,000 79,818,000 79,227,000 70,214,000 79,050,000 79,047,000 78,896,000 79,058,000 7 8,718,000 7 ,781,000 79,090,000 79,480,000 80,119,000 79,912,000 79,683,000 80,275,000 81,007,000 81,698,000 82,151,000 82, 13,000 83,242,000 83,605,000 84,112,000 84,253,000 84,970,000 85,884,000 86,673,000 86,222,000 86,248,000 86,643,000 86,508,000 86,067,000 86,867,000 87,035,000 87,332,000 87,011,000 86,340,000 So,390,000 86,114,000 85,840,000 83,448,000 82,290,000 81, 42,000 82,101,000 82,528,000 82,522,000 82,968,000 83,374,000 83,3 6,000 83,192,000 83,384,000 82,885,000 https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis 2 2 2 2 2 2 2 2 2 2 2 2 2 2 2 2 2 2 2 2 2 2 2 2 2 2 2 2 2 2 2 2 2 2 2 2 2 2 2 2 2 3 3 3 3 3 3 3 3 3 3 3 NewYorlr Bank of Germany. Associated Discount Banks·. £ Rate,p.c. £ 1 22,649,000 22,757,000 23,117,000 23,762,000 24,054.000 24,759,000 ---------·- · 25,338,000 25,758,000 26,178 ,000 25,775,000 26,13!l,000 26,290,000 25 ,136,000 24,778,000 24,726,000 24,784,000 24,634,000 24,821,000 25,090,000 25,558.000 25,668,000 25,912,000 26,134,000 26,162,000 25,498,000 25,277,000 25,483,000 -- -- ----- --- 25,525,000 25,534,000 25,618,000 25,769,000 25,691,000 24,943,000 24,564,000 24,374,000 24,447,000 23,452,000 22,96s:ooo 22,948 ,000 22,993,000 22,731,000 22,885,000 23,290,000 23,740,000 23,830,000 24 ; 226,000 24,691,000 24,283,000 -----------· I 412 4¼ 4 4 4 4 4. 4 4 4 4 4 4 4 4 4 4 4 4 4 4 4 4 4 4 4 4 4 4 4 4 4 4 5 5 5 5 5 5 5 5 5 5 5 5 5 5 5 412 412 412 ---- 4,424,000 4,042',000 4,418,000 5,696,000 6,038,000 6,246,000 6,430,000 6,602,000 6,476,000 6,666,000 7,424,000 7,910,000 7,938,000 7,754,000 7,324,000 7,098,000 7,188,000 6,518',000 6,010-,000· 5,494,000 4,606,000· 3,966,000 3,400,000 3,860,000 3,422,000 3,014,000 3,262,000 4,084,000 4,410,000 4,400,000 3,940,000 3,598,000 4,082,000 3,846,000 3,732,000 3,400,000 3,390,000 3,712,000 3,664,000 3,640,000 3,520,000 · 2,798,000 3,110,000 3.972,000 4.828,000 5,274,000 5,082,000 4,682,000 4,594,000 4,0:H,000 4,178,000 --------- - I 1sn. -- ------1876. Jan.2 9 16 23 30 Feb.6 13 20 27 Mar.6 13 zo 27 Apr.3 10 17 24 Mayl 8 15 22 29 J 'ne.5 12 19 26 £ 135,903 98,310 128,128 90,376 125,440 92,434 115,093 87,835 113,2!:n 92,636 116,419 98,989 79,437 126,568 108,831 80,360 81,181 ll0,577 95,307 105,272 84c,779 92,709 80,32-0 79,423 95,095 73,431 I 1878. £. -- 1876. ~-~ --- 1877. £ 1 878. ---- 115,460 81,946 103,895 85,557 97,909 84,046 80,730 116,391 77,868 99,583 71,517 109,400 93,177 115,364 84,478 103,601 94,893 102,377 97,342 81,384 109,932 100,074 94,2Us 68,371 123,727 90,466 108,672. 95,288' 86,13& 110,361. 74,661 119,12377,713 97,952' 71,120 106,662 88,356 106,662" 81,41491,401. 79,695 74,80~ 97,684. 73,19~ 105,829, 76,220 97,535' 65,951. £ I 113,327 123,550 July3 121,343 125,782 131,379 i 96,200' 100,834 10 88,856 96,781 101,SOf> £ 106,152 : 91,069 I 103,786 103,488 95,474 90,931 102,235 105,928 102,265 89,277 101,307 7 8,152 97,202 112,727 78,966 110,461 95,4'i9 108,973 84,037 79,810 106,768 84,092 106,134 8 1,800 £ 111,620 17 101,661 90,814 24 81,058 77,208 31 103,560 1 ~5,022 Aug.7 82,667 14 95,908 86,085 116.433 21 81,559 85,923 28 71,217 133,921_ Spt. 4 105,149 90,026 11 72,399 111,622 18 92,429 80,941 25 73,135 Oct. 2 106,997 87,536 97,000 9 80,914 109,487 16 101,240 23 80,313 65,088 101,396 30 104,494 93,898 Nov.6 91,157 13 99,411 86,828 106,120 20 89,667 75,873 27 8 1,812 116,883 Dec.4 112,8,20 11 81,121 79,978 120,392 18 105,798 83,194 25 65,508 The decline in the value of bank shares during the year has, been very considerable, and especially in those in which the lillbility is unlimit1-d. Holders have become very timid and have parted freely, anii in very many cases, we think, injudiciously, with their property, although it cannot be disputed that some of the recent disclosures are scandalouil; yet a good deal of the trouble is also due to want of judgment. All clearly see now how unwise it is to depart f ,om the ordinary principal of banking. The busineFs of banking is not of a complex but of a ve~y simple kind. For a bank whose credit is good the process of conducting b nsiness sh o uld be ext · emely easy; but it is, above all, necessary to disburse one's c a pital and the dt>posits of the public over as wide an area as poE>s-ible, b earing in mind, however, at the same time, that money l ent out. sh ouH be within easy recall. Bu·t. when the directors of banks make he avy advances u pon µiills, machinery, min es anti manufactured good~, and considerably b r· yond their capacity, it is by no means surprising that when a, period of difficulty aris es, tlley find themselves in a position of i, erious embarrassment. The ~-ro,,erties on which they have, advanced so much monry cannot be disposed of, and hence, th e distance p,etween difficul ty in its ordinuy sense and insolvency becomes much curtailed. The ~xperienc s of the last few months should, however, leave behind a most important l e sson ,. though it s eems r em arlu.11ble that such a lesson should be neces · sary. Mos-t certaiuly it is to be hop ed that th e r e win never b e a repetition of the g igantic advanees which eertain •bankers have, made to individud firm». Such r ecklessness prejudices the credit of the country lbnd uecessitates, precautions w.hich t emporarily derange our financial machinery. Abroad, however, 1here has been no great distrust. The French, haviog large supplies of unempfoyed capital, have mad e large investments in B .itis h Treasury bills, and i o the ordinary bills of commerce. The r eli e f afford ed to our market has, in consequence l>een very g-reat. It is to be hoped that in the course of 1879 our commerce with the world will revive and that; by a steady impro vement in our trade, our deb,t to France will b e imperceptibly discharged. But should our trade not improve, otber means wHI have to be adopted, s-uch as an e:xport of securities in order to meet the bi11s 1.s they fall du-e, if the state of the Paris money market fail to j ustify their renewal. Thus f ar the investment has been a good one, and there seems to be no indication of the Paris money market becoming dearer. As long as French money can b e employed in London to advantage, that, process will ce1·taioly continue to grow in farnr. An important feature in the financial world during th~ year-, has been a heavy fall in the value of ras shart>S. l t has long been thought that those s ecurities were proo f at!ainst all attempts at diminishing their market va'. ue, high though it was; bu t th ,.:; developments of science have worked a vast change, the mark1::: t at o ne period b eing scarcely :free from panic. The important discoveri es which have been made in the disi rihution of the electric light, and the reports wl ,ich have b een circulated t() the effed 1hat the light can b e employ ed with facility and cheaply for ighting private ho uses , have naturally ruade the holders of gas shares v ery timid and a large amount of property has been . cast upon the market at a time when the public had neither the inclinat ion nor the capacity to buy. It is quite possible th a.t holders have b een seized with a foolish fright. I t is acknowl- BANKING ANJJ FINA.NOIAL. edged that there is much yet to be accomplished, nay even to be discovered, before electricity, as an illuminating power, can super~ede gafl. But many persons seem to be of opinion that the gasometer is do omed. Let such people bear in miliid that gas companies pay with facility larie dividends, and that they can atill make considerable profits even if they reduced materially the price of gas. The force of competition has yet to be felt. Furtl:iermore, some of the discoveries appear to be too marvellous to be true. In large open spaces or in large-roomed factorie -, in which machinery is available, the light may answer, and may prove economical ; but where machinery has to be erected, at a heavy cost, the financial difficulty will probably be found to be adverse to any general use of the discovery. We cannot doubt, however, that the discovery will be very advantageous to the public, as it will tend not only to cheapen the price of gas, but will compel the directors to improve the quality. From the remarks which we have already made, it seems scarcely necessary to repeat that commercially the year 1878 bas been extremely unsatisfactory. All branches of trade have complained, and profits, where there have bef' n any, were on a very limited scale. The cotton trade has suffered heavily, and in the wool trade equal depression has prevailed. 'fhe hopes of the future should be sanguine, for most descriptions of food are cheap, and all raw materials are low in price, as may be seen by the following showing the prices of certain commodities at the cloee of each of the last three years. .A1·ticles of Food. 1876. s. d. Wheat, per qr .................. . 50 8 Barley, per qr .. -............... . 38 7 Oats, per qr ......... .... . ....... . 25 2 1877. s. d. 51 4 43 3 2311 1878 s. d. 40 8 39 4 21 1 30 6 31 6 29 1 21 6 22 6 21 0 21 6 22 0 20 6 81 9 80 0 53 0 Sugar, per cwt.West India, good brown ..... . H~tvana, No. 12 .. ............ . Pernam, l1rown ..... --········· Coffee, per cwt.St. Domingo .... . ·-···· ··· ····· Rice, per cwt.Bengal, good white .. .. ... .... . Rangoon, good ................ . Tea-Congou, per lb .. .......... . Beef, per 304 lbs .. .... , ... _.... . Pork, per 200 lbs .. ..... ... ... _.. Bacon, per 1.12 lbs ............. . Lard, per 112 lbs . ... ........ ... . Presel'ved meats, l)er lb.Boiled beer ........ ·--········· Mutton ..... _.... . ............ . 12 6 11 6 d. 8'@26 s. d. 92 6 72 3 45 0 52 3 12 6 10 6 d. 9'@28 s. d. 100 0 57 6 37 0 41 6 0 612 0 6 Textile Raw Materials. CottonMiddling Upland, per lb ..... . Fair Dhollerah, per lb ._ ...... . WoolLincoln Hogs, per lb .. ...... _. Lincoln Wethers, per lb...... . FlaxRiga, per ton.................. JuteGood medium, per ton.. . .... . H empSunu, per ton.................. Born bay, per tou . . . . . . . . . . . . . . Manilla, per ton.... . . . . . . . . . . . Coir Yarn, per ton............... · d. d. 65a 63s 1834 17 16 14 1514 5116 5616 Turpentine, per cwt............. Rosin, common, per cwt.... . . . . Petroleum oil, per gallon . . . . . . . £ 2 6 8 1 92 9 6 d. 712w24 s. d. 82 6 43 9 26 0 30 !:I 1212 £ 42 41 31 1712 17 16 22 23 32 29 24 23 27 25 17 20 22 18 89 O 42 0 77 0 34 0 50 0 £ £ s. £ s. 43 6 2710 3910 4810 s. d. 40 0 40 0 53 6 52 6 55 0 51 0 45 59 0 59 6 57 0 58 0 42 0 43 0 45 £ 0 e.. £ 1110 11 5 s. d. 35 6 7 3 1 712 5 6 0 Metals. s. d. s. 1010 10 15 s. d. 24 0 £ 2 6 8 1 82 834 s. d. 46 0 £ 3 s. 910 9 0 s. d. 21 3 5112 0 8 14 £ s. 2 3 5 17 7 5 0 19 71 0 d. I'ig iron, per ton............... 8 7 12 1 1 Bar {merchantable), per ton.. 16 0 5 0 6 Staffordshire, per ton . . . . . . . . . 10 0 0 0 o Ti.uplatei;,, per box............. 6 0 2 6 6 Uopper-!Jolt,perton .. _...... 0 0 0 0 0 The revenue returns for the past qu11.rter and for tha years 1877 and 1878 . have been issued this week, and they are more favorable than had been expect_ed. During the year ended December 31, 1878, 1be total revenue was £80,484,039, against £78,680,554 in 1':!77, showing an increase of £1,803,485. A largt> smount of taxation was due ou the 1st o_f January, and .heavy payments will now be n ade in•o the 'l'reasury; but, at the rnme time, the next fir.anc!al statement is awaited with considerable interest, as tbe floating debt is large, and will have to be dealt with. The following are the particulars of revenue for the past two ye ars: https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis 1878. Customs ................. -.. ··-········ ... £20,165,000 Excise .................. _...... _......... 27,.3 72,000 Stamps..... . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 10,652,000 Land tax and house duty ............ _.... 2,655,000 Property and income tax............ . . . 6,031,000 Post Ofilce .... ·-·········· ··········-· .. 6,180,000 Telegraph service._.......... . . . . . . . . . . . 1,330,000 Crown lands .... ·-·· · ······ ·· ····-···--· 410,000 Interest on advances ..... ·-···· . .. ·-···.. 1,047,24 2 Miscellaneous ........... .. _... ······-···· 4,641,797 ~ 1 877. £19,762,000 27,368,000 10,968,000 2,636,000 5,736,000 6,133,000 • 1,320,000 410,000 954,335 3,393,219 Totals ............. _... __ . .... ....... _. £80,484,039 £78,680,554 The failureR have been more numerous than in the preceding year, and reach rather a cortfiderable total. Mr. Richard Seyd, F. S. S. has communicated the following statistics to the l'imes, which will prove of interest: The number of failures officially announced during the year 1878 has been 15,059, of which 2,643 are in the financial, wholesale, and manufacturing branches of trade, and 12,416 in retail trades, professional pursuits, builders (see also contractors in wholesale list), publicans, among the working classes, &c., (to this may be added at least 8 per cent of private settlements), the numbers for the year 1877 having been 2,172 and 8,850 under the respective headings alluded to, toiether 11,022. The failures in the wholesale trades were distributed as follows: fu1~ 1878. London ...... . .............. . ....... .................... 456 51ifi Liverpool........................ ............... . . . . . . . 81 92 Manchester . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 13-i 125 Lancashire . . . .. .. . . . . ... .. . . . . . . . . . . . .. . . . . . . . .. . ... 144 187 Yorkshire (not including Middlesbrough and Hull) .•.•.. 3H 4(.>8 Birmingham and Midland Iron flistJicts . . . . . . . . . . . . . .. 189 216 Newcastle, Middlesbrough, Hull, and District . . . .• . . ... 129 152 :~~~\~~e~~~~~: -~·e-~~~~~•. ~~~ -~~~~~~~:::::::: .'.'.': :::: ·:: Scotland . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Ireland ......................... ........-; . . . . . . . . . . . . . . . . 4~; 'i2 561 2:12 139 33 32 2,172 2,643 The number of official failures in each month were as follows: Jan. Feb. Mar. Apr. May. June. July. Aug. Sept. Oct. Nov. Dec. Wholesale.. 202 18t 2J9 223 251 218 219 212 158 227 249 251 Retail . .... ·-~~~~?~ ~!~ ~~ ~?~ -~~ -~~ _,93 _::?_:: ~:~ -~ _ 2:'.~ 1,258 1,216 1,,12:3 1,188 1,345 1,086 1,192 1,1 6 total-Wholesale, 2,613; Retall, 12,416-15,~59. 951 1,285 1,489 1,430 Grand Distributed as follows: Total, M:ngland . . . . . . . . • . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . l3,Sfl9 'l'otal, Scotland..................... .... . •. . .. . .... .... . ... . ... . ... . . .... 852 Total, Ireland .... . . . . . .. . .. . . . . . . . . . . .. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 338 v .A.LUE OF IMPORTS .A.ND EXPORTS IN EACH MONTH OF Month. 60 0 29 0 46 0 2310 32 0 38 0 s. d. 36 0 38 0 26 5 41 0 60 0 s. d. ,---Year ended Dec. 3 1 - Grand total ......... ..... . ......••.. ; ...................... ........• 15,(·59 Reviewing the history of the foreign trade, that feature which 0 534 stands out most boldly is the contraction which began in the 0 5 spring of 1878, and continued until the close of the year. Month d. by month, from May forward, the comparison with correspond538 4;_16 i ug figures in 1877 showed a successive decline both in imports and export@-, as will be seen from the following table: 14 £ Oils, Seeds, d:c. £ s. OilsSperm, per 252 gal:s... .. . . .. . Cod, per 252 galls. .......... .. Olive, per 252 galls .......... . Linseed, per ton . ........ ... . . Rape, English, per ton ....... . Lard, English, per ton ....... . TallowP. Y. C., percwt . .... ·-···· ···· Anstrnlian, per cwt .. _....... . Liuse.edBombay, per qr........ ..... . . Calcutta,, per qr............... RapeseeclFerozepore, per qr .. . ........ . Ca lcntta, per qr . . _.......... . OilcakeLinseed, London, per ton ..... do New York, per ton .. 0 614 0 5 34 14 0 13 January ....... February]. . _. . . March ......... April .......... May ........... June .......... July ............ August .. ...... September . ... October ... .... November .. .. . December ..... Imports. 1878 .A.ND 1877. Exports. 1878. 1877. 18t;8. £ 30,610,000 32,175,000 33,168,000 34,004,000 31,029,000 28,661,000 35,882,000 29,107,000 27,230,000 29,58.2,000 25,685,000 26,577,000 £ 32,8 99,000 30,942,000 35,229,000 32,165,000 34,648,000 21J,810,000 36,151,000 31,944,000 28,235,000 36,537,000 31,850,000 32,160,000 £ 15,424,000 1 4,896,000 16,756,000 111,327,000 16,165,000 15,092,000 16,401,000 17,304,000 16,561,000 17,255,000 15,962,000 14,661,000 1 877. £ 15,946,000 1 4,394,000 16,921,000 15,207,000 17,461,000 1!1,306,000 17, 587,000 17,747,000 17,117,000 1 8,373,000 16,753,000 15,978,000 ------ Total for year . ~366,060,000 *394,274,000 192,804,000 *198,893,000 * These are the actual totals, and differ a little from the sum of the figures as published from month to month. The persistent decrease in the aggregate value of the importg was partly owing to a general d t>cline of prices, most marked in articles of food, of which in late years we have derived such large amou nts from abroad. For the first half of the year there was a comiderable increase in the money value of imported food, but after July there was a distinct change, as will b'.! ascertained from the subjoined comparison : IMPORTS OF FOOD. I 1878. First six months ...... £50,981,000 9,548,000 July·····--·······-·· ·· August ................ 8,097,000 September ............ 7,.8 00,0 00 8,591,000 October .............. 6,903,000 November ............ 6,602,000 December . ........... 1877. £44,778,000 9,068,000 8,289,000 7,964,000 10,294,000 9,121,000' 8,892,000 Increase or Dec. [nc . £6,203,00 0 Inc . 480,00 0 Dec. 192,000 Dec. 164,000 Dec. 1,703,000 Dec. 2,218,00 0 Dec. 2,290,00 0 From Octobe r forward, the whole of the import trade was checked by th e banking crisis. and the check so placP.d upon the buying power of all mercantile classes, whether in the c,) rn trade or other trades; but no doubt the better crops at home this season reduced the country's requirements of foreign food, and at any rnte there was a fall in the mrney value of imported grain. -, TRADE AND COMMERCE. EXPORTS, IMPORTS, PRICES. COMMERCE OF THE UNITED STATES. before the war excitement had beg un to affect the markets, at the same time in 1866, when inflation was near the highest point, At no period since the suspension of specie payments and for the past five years-1875 to 1879. in 1862 has the trade movement of the country been studied with greater interest than in the past two years. 1860. 1e66 . 1875 . 1876 . 1877 . 1878 - 1s7g_ ----During the 20 fi~cal years from 1856 to 1875 inclusive, Brea~d--;-=--- - - - $-- $-- --$ s --$ $ 4 50 4 35 5 25 8 fO 5 50 the exports of merchandise had been in excess of the j Rye Wheat flour. State · bbl. 4 30 8 oo fiollr.... . . • . bbl. 4 00 5 75 4 75 3 10 5 00 4 00 5 00 4 75 3 25 2 80 3 90 3 60 imports only three timei, and in those ye ars the aaiount Cornmeal. li' ywi?e bbl. 3 ~0 460 Wheat. No. 1 spring.bu. 1 0 187½ 1 2:i 1 30 1 05 1 47 1 33 95 !lO 75 83 511 was comparatively small, and the excess in exports of Rye, 'fe~tern . . . . bush. 9i 98 . Oats, Htate . . ...... bush. 46½ 62 71 50 40 35 45 46 97 71 69 58 specie over imports was considerably larger than the Corn, West'n mixed .bu. 90 93 Com, Southern ... bush. So 98 47 90 60 63 60 balance in exports of merchandise. But with the fiscal co.t;,t_odnd-:u ml 1mg pla nd . . ... lb. 11 52 14,!( ]3~ 12¼ 9¼ 11~ H .¾ 13 7-16 1211-16 9¼ 11¾ year 1875-6 a new era commenced and the exports of Fi~~ling Orleans . ... lb. 11¾ 5! merchandise began to show a decided excegs over the Dry cod .... . .. quinta l. 4 50 18 o:> 6 oo 6 00 6 12,!i 5 75 4 25 · · · d 1 l · h f ll . No. 1 Bay Mackerel bbl 17 25 11 5·1 19 00 20 00 20 00 16 00 45 80 65 65 imports, which rncrease arge y rn t e two o owmg Hay, shioping .... 100 lbs 1 oo 80 70 *';")9 12 J h H emp, Manilla ...•... lb *8 *8½ . *6¼ *7¼ 15 years. I n t h e fi sea1 year en d mg une 30, 18 77 , t e Hop1 ....... . .. .• •. lb. 16 ti0 4S 28 13 15 ~ 5 9,- Iron . exceell e d imports . b y <1?151,1 exports of mere h an d 1se Scotc!J.pig.:···· ... ton. 2450 5t 50 33 ro 32 co l7 50 27 00 22 00 · h a· J 30 , 1878 , t h ere was a L ead. Amencau pig . ..... ton . .. 51 00 24 ro 23 eo 20 50 18 50 17 00 fore ign .. ... . 100 lbs. 5 6:'i *6 90 *7 00 *6 ti2>,i *637¼ *637½ 22 8, an d m t e year en mg une · ·1ar excess o f $ 25 7,812, 4 34 L eath erSlml Hemlock sole, light .. 1b . 30 35 27 27> 26 22 19¼ 25 31 3l 28 · · th'18 ar t'lC1e Sh OW ·th e prices • Oak sole, light . .... . lb . 30 31 33 lil Lime, com. R ockland .bbl. 7 ·, . 170 1 35 'I,b e Several t a bl es given 1 10 80 80 80 5'.~ 37 55 48 · 1es of commerce rn · 1860, m · 1 86 6 , Molasse@ . N. Od eans .. aal . 53 1 20 65 · · l art1c o f t h e prmmpa Naval ~tores"" 48 37¼ 82¼ 27½ and for five years past, the total value of exports and 6~~\~0~~~:1~'.~~: :J:I: 1 ii& 2 1 65 2 50 1 75 1 35 O imports of the country, the so-called trad~ balance each ½~;de whale . .. . . . . gal. 52 157 65 65 70 38 65 1 40 ! 65 81 1 OJ 2 47 1 65 c~ude sperm · · · ··.gal. 1 40 . . • . . . . . .. gt1.I. 57 1 44 78 62 65 63 61 Year since 1856 , the exportf1 and imports of the great Lmseed leading articles of merchandise in a series of consecu- P~;~~eem~~~-- ...• .. ga' . 5!.(; 15 4,) 5¼ 7¼ 7~ 62 12 13 28 13 81' tive years, and, finally, the extended statement, show- Pr!:fs~~~8.:..:_--· · ··· .... gal. 20 50 20 75 17 50 12 6'2¼ 7 05 ing in d etail the quantity and value of each article of Pork, me_s~. . . . . . . . bbl. 1fi 37¾ 29 12 Heef. plt1.10 West'rn.bbl. 9 50 18 00 10 00 11 0) 10 50 11 50 10 00 export or import in the last two fiscc:tl years, 1875-6 and BPetha~s. extra ... b ol. 1450 33no ·l2 00 2:l 0·1 ~0 25 lti 50 17 00 ,, ___ ' v t ig 1!% Hams. pickled ....... lb. II¼' Lard. Wes_tern .... ... lb , 10½ Rutte r, prime State .. lb . 24 Cheese. :fine factory .. lb. 11 Rice, good . .... . ....... lb . 4,1( ::-altLiverpool ground .. sack 1 15 Liverp'l, Ashton's.sack I 95 SugarCuba raw .....•• •.... lb. 7¾. R efined hards . . . . . lb. . .. 1'aliow.. .. ... .. .. ...... lb 10¾ Wool, Ohio fleece .... . lb . 40 Whiskey, domestic ... gt1.l 26 1876-7. · 16 19¾; 40 18 ¼ *8¼ 11 13¾ 38 15¾ 7¾ 12½ 12¼ 31 18~ 7 10½ · 11¼ 30 9¼ 6 8¼ 5-75 28 ~3 13 8¾ 6K 6~ 14¼' The fiscal year of the United States terminates with 6 June 30, and the figures in the tables below are for the ,5 2 50 1 25 l 10 l 10 'iO 4 50 2 85 2 50 2 50 2 50 i 53 year.::1 e·n ding at that date, unless otherwise specified. 8 The statistics given reach back in most cases to the 8 9¾ 6¾ 11¾ 7¾ 10¼ 11¾ 18 ~ 10¾ 9¾. year 18130, and are intended to show at a glance the 10 8¾ 6¾ H¾ 8¼ 7~ 49 48 45 70 56 35 comparative movements of the trade of the United 2 \!7 99 1 14¼ 1 13 1 10 1 07 States for the en~ire period of the paper money era, and • Gold. VALUE OF EXPORTS AND IMPORTS. for a full year prior to the outbreak of the war iR 1861. In the table giving the total values of t he exports The tables below show the total value of the import8, exports and re .exports of the United States, in each of the fiscal years and imports of the United States since the fiscal year ending June 30, from 1860 to 1877, inclusive, all in specie values. 1860, inclusive, they are classified according to the usual GOLD VALUE 011' DlPORTS, J:XPORTS AND BS:-EXPOBTS OJ' THE: UNITED STAT ■ S form in which they are reported by the g<nernment, the Imports. Re-export&of Foreign-. re-exports of foreign merchandise ana specie being r,,i-, and I MerchanJferchan- Coin and Total. Total. separate]y stated from the exports of domestic mertJ·u llion. dist. bullicn. dise. - - - - ---- ----- ------11---- - - · - - - - chandise and specie. The figures for the whole period, lRW ... $ '.153,6 ,6. 119 Sq,550,135 $362,166,254 $17,333.634 $9,!i99,38t $26,933,lm 14.654,217 5,991 ,21(1 20,645.- -27 1861. .. 289,;H , ,542 46,339,6 11 33·),l15!1,153 however, are reduced to gold values, in order to give 1862 .. . 18!-J.356,6~7 16 41 ;\.052 2)5,771,729 ·ll,026,177 5,842,98:• lti,E69.~ 17,960,535 8,163,049 26,123 584 1-'63 .. . 243,333,S15 9,584 1• 5 ~52,919,900 uniformity and furnish a proper basis for comparison of 1864 15.3 13.961 4.922,97~ 20,256,!440 .. . 316,447,283 13,115,612 329.562,895 29,0811,055 3,025,lft:/ 2::JS,745,580 9,810,07 . 248.555.652 82.114,157 .. the different years. It will be observed that the largest 1365 11.341,420 3,400,697 14,74!, ll'?' 4:~<1,812,066 10,700,0!l 445.5 :2, 158 t -l!i6 . . . 14.719,332 5.892,17!> 20,611,~ 67 .. . 395 763.I CO 22.070.475 417.8-'33,57/> exports of domestic merchandise were made in the fiscal 11~8 1~.562,9!19 10,038,127 ~,601,196 . . . 357,436 4 :() 14, U·-8,3&- 371.fi"U.RC-8 10,931,000 14,222,414 25,173,414 l869 .. . 417;i06,379 l!l,807,876 437,3 4,255 year 1877-8, when they amounted to $680,709,268, and 1·70 16,155,295 14.271,864 80,427,159 .. . 4a. ,ll 8,40 · · 26,419,17!1 462,377,587 14,421,270 14,038,6i9 28,459,B!ID l1'l71. . . r2 ,:!Z1,684 21,210,024 , 541,4J3,70o the largest imp6rts of merchandise in 1872-3, when they 1872 15,690.455 7,079,294 22,769.749 .. ~26,5:15,077 13,74-~,689 610,3:-!8,766 17,446,483 10,703,028 28,149,511 18i3 .. . 642,136,210 21,480,93i 6~'3,1117.147 were $642,136,210. 16,84~61~ 6,930,719 23,780,338 1874 .. . 567,4('6,342 2 ~, 454,9Hf. 595,K61.248 8" 1 COMPARATIVE PRICES OF MERCHANDISE. The table following shows the p ric!js of lea.ding articles o( merchandise about the firi:t of January in 1860, which ,vas https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis 187J 1876 .. ·· ..1 1877 . . . 18 ,8 . . . itil 533.005,5 460,741,190 4:)1,315,932 4·:17,051,532 20,894.211 1'>,936,681 1 40,774.414" 29,S21,314 l 553.9 6,153 4 ·6.b77,871 492,097,640 46J,872,8t6 I 14, 157,6111 8,275,0lii - 2~.43:.:,e,i¼i 14,S03,624 6,467,611 1 ~1;2 10,0:- 5 11,804.990 13,027,499 :.!5,8:32.49"i 14,154,698 6,671'!,210 , 20,832,8!18 15 TRADE ANJJ 00.MM.EIWE. .Domutl.c Exp<>rt,. IMPORTS OF LEADING ARTICLES 011' MERCHANDISE . Total . Specie and bullion, .Merchandue. - - ~ - - - - - · l - - - : - - - - - ' - - l -~ ~ - - -- 1 - - - - - - 8373,189,274 856,946,851 $316,~42,423 ls«W .. ·••... . .. . ... . .. . .228,699,486 23,799,870 204,8\19,616 1861. ••...•.• , • • • . . • • • . 210,688,67ll 31,044,651 179,644.024 862,........ . • • • • • • • • • • • 241,997,47/J 55,993,562 186,003,912 1863................. . • • . 243,977,589 100,473,562 143,504,027 1864....... •• ... . .. • • • • • . j01,358,372 64,618.124 136,940,248 1865.. ••• .. .. •••• .... .... 420,161,476 82,6~3.374 337,518,102 666.... ... ..... • • • • • • • • 8d2,618,0: 9 M,976,196 277,641,893 867...... ,.,., ..... ,.... 853,135,875 83,745,!!75 269,389,900 1868, ........... ,.. •• • • . 318,082,663 42,915,966 275,166,697 1869, .. •• • • .. .. • . • • •• . 420.500,275 43,883,802 3">'6,616,473 11370.. ... .. .. • •• l>H,802,26'1 84,403,859 428,398,908 1">71. . • .. • . .. .. .. .. • • • • .. 501,285,371 72,798,240 428,4g7, 131 1872..•••.••.••••.••• , • • . fl78,9.38,91lli 73,905,546 505,038,439 1873..... .... ..... .... .... 629,133,107 119,699,686 569,433,421 1874..... • .. • • • • • .. • .. • • • G83,141,2211 83,867,129 499,284,100 1875.. ... • ... .. . ........ 575,fi~0.938 50,fl3R,t.91 525,582,247 876 . ... . . .... . ..... 632.804,%2 43.134,738 589,6~0,'?21 877.... . ••• • •• • . . . . . . . . • 707,i71,Hi3 27.06 1.885 68f',7C9,2n8 878.... ..•. .. .. .... ..... The table following shows a comparison of the imports of leading articles of merchandise, both quantities and value, into the United States in the laet four · fiscal years. This comparison .will be found extremely ~nteresting to those who watch carefully the course of merchandise movements, as it shows not only the quantities of the principal articles of commerce imported in each of t he years named, but the values also, thus exhibiting the relation between quantities and values as aff~cted by the change in prices of many articles. The large decline in prices of merchandise has been one of the salient points of the past few years, and a report of quantitifls alone unaccompanied by the valuations would form an incomplete record. With the first of January, 1879, the difference between gold and currency values disappeared, and exports and imports are thereafter represented by an uniform currency. The variations between the figures for the year 1874-5 and 1877-8, the first and t he fourth years of those embraced in the table, are most significant, and carry with them a forcible reminder of the changes which have taken place in many branches of trade du ring the past four years. The imports of manufactures of cotton goods show a large decline; flax and wool manufac.tures a. similar decline in many descriptions; manufac tures of iron a striking decrease, such important items as iron and steel rails having virtually disappeared from the list; wines among the 1uxurie3, show a large falling off, while the imports of silk m>\nufactures have been well maintained; the standard articles of consumption, coffee and sugar, a.re well maintained and tea shows a material increase in 1877-8. I ····1 I THE BALANCE OF TRADE. For the purpose of showing the total amount of exports and imports of merchandise, and the total of specie in each year since 1856, the table below has been compiled. In the columns headed 'Excess" a.re gi\ten the differences between exports and imports each year, showing at a glance the "trade balance" of the country. The year 1877-8 is rema.rk11.ble in showing the unprecedentedly large excess of $257,812,354 in the exports of merchandit,.e alone, whild the exports of specie in the same year were only $3,908,811 in excess of imports. For the two yeard ending Ju ne 30, 1878 . the exces4 in exports of merchandise over imports reached the mmense sum of $408,971,582. OOLD VALUE OIi' IllPORTS AND EXPORTS 011' KBRCHA.NDISB AND SPECII!: INTO AND FROll THE UNITED STATES IN EACH l'll!CA.L T.EA.R 81NC1C 'rear. Imports. "Merchandiee. Excess. Exports. Specie. 1:uport,i. E.x:port11. --·--- ----- ---·---- 1856. ____ _ UlPORT8 01!' LB.A.DING ARTICLES. Excess. ... S I $ i i I . 1856 ... 310,432,310 281,219,423 Im. 29,212,887 4,207,fi32 58,92!1,651 Ex. 41;537,853 1857 .. . 348,428,;;4.2 29 l,823,760 Im. 54,00i,582 l2,46l,i!J!J 74,P95.3:J9 Ex. 56,675,123 1858 .. . 263,338,li54 272,011,~74 Ex. 8,672,620 19,2'i4,4!ifl G3,06i,4S7 Ex. 33,858,651 J859 ..• 331,333,!341 ~92,901,051 Im. 38,432,290 7,434,789 72,012,276 Ex. 56,453,622 1860 ... '353,616,119 333,576,057 Im. 20,0W.062 8.550,1&> 6fl,54fi,239 Ex. 57~~.104 289,310,542 219,553,8 •3 Im. 69,756,709 46,.~39,61: 29,79 ;,080 Im. lb';Mtl,53 1 1861 1862 ... 189,356,677 190,670,501 Ex. l,313,82j 16,4111,052 8tl,887,li40 Ex. 19,97~.5S8 1863 ... 2~3,335,815 203,964,997 Im. 39,370,818 9,5'34,lOu 64,1:16,611 Ex. 56,571,9.,h 1864 . . . 316 417, t83158,887,988 Im. 157,559,29513,115,&1 : 105,&96,541Ex. 92280,929 1865 ... 2:38'.745,580 162,013 500 Im. 76,732,082 9,BIO,Oi~ 67,64:3.226 Ex. ~";,!!::13, 154 1866 . .. 434,812,066 348,85115~t Im. 1:1 5,952,544 10,700,002 86,044.0;·1 Ex. ,5.~43/J79 1867 .• . 395,763,100 ,97,303,653 Im. 98,459,447 22,070,47c 6C,8ti8,872 Ex. 38.,97,897 1868 ... 357,436,440 2S1, 1152,899 Im. 75,483,541 14,188,36~ 93,784,102 Ex. 79,595.734 1869 . . . 417,506 .379 t~6 117,697 Im. 181,38!:!,6:-2 19,807,87t 57,138,880 Ex. 87,330.504 1870 .• . 435,958,408 392,771,768 Im . • 43,186,640 28,419,179 58.155,666 Ex. 31,786,486 1871 ... 520,223,634 442,820,178 Im. 77,403,506 21,270.~ 98,~1,988 Ex. 77,171,964 1872 ... 626,595,077 444,177,586 Im. 182,417,491 13,748.tiSII ?~,8,7,5341Ex. 66,133,845 1878 ... 642,138,210 522,479,317 Im. 119,656,288 21,480,937 8",tl08,M'4 .Ex. 63, 127,t:37 1874 . •• 56 7,406,342 586,283,040 Ex. .18,876,698 28,454,006 ~6,630,4001Ex. 88,175,499 1875 .·. ·: 533 005,436 5 18,441,711 Im. 19,5~,7.!5 20,900,717 92,182,142 Ex. 71,231,423 1876 .. . 460.741.19 1 540.384.671 Ex. 79,623,480 15,986,681 56,506,302 Ex. 40,569,6111 1877 •.• ,451,315,992/602,475,220 Ex. 151, 15rl,218 '40, 774,414156, 162,2371E.x:.15,387,823 1_878 .. . 437,051,532 6ll,863,966 IEx: 2ii7,812,4'3t 29,821,314 133,73G,125 !Ex. 3,908,81: ilTIOLlll. 18715-6. 18i6-'77 . 18T'M8. Barle7 .... ........ . ... bub. 10,28.'l,957 -6,702,9611 -6,764,228 6.2."i!'i,063 ~,105.748 7,887,686 &,099,320 6,2:17.788 •• u lue ........ .... ···• 622,SOIS 1186,~2C 658,61S8 856,1178 Cigars.... . ............ lb1. 2,~69,269 1,002,347 1,871,167 S,087,617 ·• nlue ................ $ 309,88~,540 Co.lfee..... .••• • . •••••• lbs. 817,970,t:ti:, 839,7811,246 881,639.i~ 51,91',605 ti6,788,m 118,l:8',991 56,51il,488 value . . ... . ....... •• t " Cotton, manufacture. of9,676,594 111.007,46(1 11,018,698 23,418,~57 Bleached & unbl'd .. eq.yd1. 1,076,142 1,28,,81~ 1,8"5,61S8 2,873,222 val. $ " •• 8,885,H3 15,501,844 10,21l9,911! 18,399,8~1 Printed & colored •• 1q.yd1. 1,0811,426 1,415,11~ 2,0i4,944 2,593,936 value f, " " 4,682,246 8,80&,~20 4,682,871 4,948,024 Hosiery, ■hlrts & drawersf 8j5,~28 641,611 1,299,627 1,955,825 Jean ■, deni-:ns, &c. 1q.yd1. 104 633 86,91!1 18~,257 268,789 value: .s " " 12,131,590 17,054,480 18 939,8i8 U,879, 7111 Other manufactures of•.. f. 4,051,786 8,709,Mi ~ , ~,804 ,2 -,•~ _ l: waref Chin; :rtben,s~rf 81 1-.,; 56 , 0...; 13,9111,90~ 11,490,759 ax, man nc urea o ...... c, 9,738,546 9,U6,77ll 1~,&:' li 420 11,912,240 Fruit■ and nut ■ .• . .•• •••• 155 6~6 162,286 197,016 209,622 Gunuy bags and cloth...... 7~'.842 &!15,86t 6.22, ~42 1183,632 Glovee, kid& leather. doz.pn 3,195,702 1,128,11!9 8,739,0;il 8,~.07!:i ulue. t " " 20,503 17,128 17,979 ~,()6:j Hemp, raw ••.••••••••• tone. 2,221,164 t,85.:l,4H1 2,247,540 8,110,808 nlue .............. i " 17,223.3i3 l i ,035,707 14,96.1,701 18,536,90:l Hide■ 1md ekins ....• . .... t 12,512,~1 10,589,2!t7• 18,821,lOli l:l,03\909 Ind.rubber & guttA p.,cr.,lbe. TONNAGE ON THE CANALS AND TRUNK RAILll-OADS. 4,7ll,!02 C>,M:l,l&e 4,063,669 4,ti75, 00 Jro:•and manufa~~urc1 The internal commerce o! the country cannot be followed with Pill ir,JU .. ......••••••. lb1. 119,~98.7091177,979,936 152, 146,SIU 123,200,480 1.210,057 1,5~.41f 1,918,: 47 1,458/;f\8 nlue ......... .. 1 " any such degree of accuracy as thq,t which attached to the statis'-ll,419,iO~ 6 ·,337,457 Gl,66?,'Nti 53,104,467 Bar Iron .............. .lbs. tics of foreign trade. It would be of much value to merchants 1, ~41, 115 1,5111,6111 1,56.!J,819 1,7~8,137 valut> . ••••••.• ·• •· • •••••• . • • • • . ••. 6!1'.2,t164 4,8?tl,243 Ra1lroad bars . .... ... lb■. could the movements of raw pr, ducts a nd manufactured goods be . •• .. • • . • . .. . ~.7-:8 69,283 value . . .. . S .. 23,8 !6 66,181 9,9r'3.469 89,867,478 re■• .•. Railroad bars, 1teel. followe J so elo ely as to enable them to shape their operations to 530 1,46' 814,282 2,8tla 02 ; ' ' nlue.S •• meet the requirements of the markets from time to time. The Lead, ptg,, bar■, &c . . . . lb1. 29,64\l,719 12,86~,437 15,226,92; 7,881,2 16 35:i,!t3'l 70'.1,241 586,646 1,4.22.218 nlue .. S " " general tonnage in 1~77-8 showed a large increase on the rail- Leather 6,912,777 7,447,422 6,01;0,171 8. ·47,9915/ ..•••.•..•.•• . •.. .1b1. 3,'784,7~ 4,1189,718,996,88 5.941,288 •• value... . . . ..... . •• roads and a moderate increase on t he canalR. 'fhe increase in 1,,m0,615 1,445,62~ 2,755,726 3,7h3,844 Ll1111eed . . . ........... bu1h. wheat ton nag e on the can11.ls was very l!l.rge, amounting to 396,130 1,88:3,:-131 1,916,.!4\ 8,859,496 6,22,,u ,2 value ...... . ... ... . 1 •• 27,190,007 168,962 811, 89,026.~0u 4\l,112,~1!5 gale. ...... .•• . • . .. . Holae1e1 ons. The Erie Railroad would have shown a much larger 6,764,119 7,ti08,:l5~ 8,157,4,0 11,685,~ nlue . •.•.••. . .. f " 430,950 84'•,~2.~ 388,S il 3-5.186 onnage in 1877-8 excep t for the falli ng off in coal traffic; but the Oplu-m and extract1ot .. .lb■• 1,874,815 1,788,847 1,805,906 2,037,79::S val.$ •· ·• ncrease in general tonnage was so large as to leave the whole Patntlng1, ■ tatuar,, lsc .... s 1,4 17,776 794,193 1,221>.tns 1,948,790 9',546,4~3 71!,7f 9,llf C!tl,041,174 08.378,154 . ... . . . ........... .lb1. tonnage nearlv the same as in 1876-7. The following table Rags 2,8 -4.515 2/,87,21'; 2,485,~..8 8,978,149 ." value ......... ..... .. , shows the total freight tonnage for a series of years (ending Rice . ... . ........... . .... lb•. &9,411,749 fl,501 ,852 60.9 8,ti59 41,4~6 3M l,t:iti:8i7 1,439,70 . l,tl93,547 1,5◄ 7,ti!l7 " ..-alae . ............... $ Sept. 30) on the New York canals, and on three of the four Sagar, brown .... . ....... lb■• l,695.726,853 1,414 2-~4,663 1,584.1-2,!124 t 473 480 6i}4 81.187,504 '69:64~:368 fl5,702,9:. s •• nlue .... . ... J 70,015,757 •· Jeading trunk lines of railroad. 1182 7;;0 1,1 , 6,l~O 1,854,99 . l,101,1181 Sllk, raw ............ .... Iba. 11: :03:084 6, 11l2, 93i 1\,424,40.5 4,504,3C6 •• " nlue . . . , . . . . . .. S 'l'ONS OF ll'REIGJIT M OVED ON TllE NEW YOR K CANAL!! AND THE N&W TORK 19,83 ,932 lll,!l:.1u,1:,1l 23,745,9h'i 21,380,92.'3 811k, manufacture ■ ot, val.$ CENTRAL, ERIE AND PENNBYLV ANIA RAILROADS. Salt ....... ... ........... lb1. 8~11,177,945 S67,0t:!7,88~ 00l,2ull 8!!4 860 89 224 1:632'.8ti5 1,659:521 1,713,445 l,8<>7'.,58i " ulue . ...•.•••••••.. . S 65 366 704 Tea . ... . . ............. .lb1. 64,85,,,899 62,8, 7,158 · &8,Sfi, 11~ Year. N.Y. Penn~lv'a Erie Central 1!~:660:rns "value ................ . f 2t,!!73,708 19,524,166 16,18t,46i Ca uali:>. Railroad. Railroad. Railroad. 129 662 98 19:33 98,09[) lOl.561 Tin ........ . .......... . cwt. ------------11---- - - - - ··· l - - - - - l ·- - - - 2 t83'os1 J 7Y3 613 1,8W,289 2,32i ,21": " va:ne ................ . I 1,3--7,433 5.MlS,785 186-J . .•• ••••• ..... •• ........... 1,632,955 1,9B9,1'i6 Tinplatea . ...• ..•.•• . •. cwt. 2' •1-5'915 1'9s:'5i!S 1,770,tiSl 1,702,Sl>" 1 1,44\1,504 :5e:3 ..... . . .. . . .• . .•• . .. . . . . . . 5,557,6!-12 1,bl5.0!l6 - 2,2t6,84 9' 029"498 g'7/"il 32i 10,005,799 12.9511.647 value........ . .. .. $ " 1,557,148 4,85~ .941 1861 ........................... 2,170,798 2,559,881 Tobacco, leaf ...,.. .. .. •••• .b11. 7'9811'sa6 7'551'50s 7,382 974 6,769 458 1,275, ~IJ\J 4.729,654 lt65 ........ , . . . . • . . • . . . • . . • • . . 2,234,::!50 2,555,'105 4'102'7s~ 619 . 5'72. 8,710.400 9,724,879 •· va.me ..•.•.... $ " 1 1,602,197 5.775, :i.20 1866.. .... ••. ... • . . • . • • . ••••• 3,24i ,79i 3,452,iifi Wa' ches a-cd monmente. $ '!:!'2.582 772'.43~ 1,456,809 2,281,926 1,667,926 5,688,325 1867.... . ........... •• . . • . • • • • . 3,484,546 4,000.538 Wineinca1ka . . . . . ,ala. 36~6,1'7 41!-la::!O 4,486,0l6 6,iSl.598 1 1,846,599 6,44t,2t5 1868..... • • • • . . • . • . . • • • • . • . • • • • 3,9()8,243 4,722,015 1'Aa~'s91 i°8BH 811 2,0-, 885 2,842.62 1 nlue . .•.... , " 2,281,885 5,859,080 1869. . ... .................... . 4,812,209 5,4lJ2,991 Wine in bottle■ .. ...... . doz. '295' !72 '309'y~ 864,946 401,849 6,173,7ti9 •4,12t ,OOO 18.0 . ...••••. ~............ .•.•• 4,852,505 5,427,4()\) 2 12i'264 2 2 5'ssg 2,669,725 2,7li8,b52 nlue ... .... $ " 1 4,532,056 ti,467,8~8 18';'1... •• • . • . . • ... . . . . .. • . • • · • • ' 4,844.208 6,575,843 Wool 11nd woolen goods4,3\13,065 6,6,3,a7o 187:l..... . . . . . • . . . • . . . • . • . . 48.449,079 5,564,i74 "9.l'i l,1P2 54,901,760 44 64.2,S.!16 8,459,fl,rn Wool, raw .... .. ....... lbs. 5,52'l,724 6,:364,78:? 187:3, • • •.. • . • • . . . . . . . . . . . . • . . 6,:1ll!,7ilil 8,36 :,015 '1,1M,!l-U 9,'lll,23 i l!,24 7,617 " nlue .....•.. . S 11,"71,259 " 6,114.6i8 18,4............ .. . . . . . .. . . .. . . 5,804,588 6,364,~76 6,771,653 9,838.•49 . 6,6t4,YOY 13.68 1,288 8,626,946 Clothe and caasixneru .•. $ 6,001.954 4.859,858 11575. ....... . .... . . . . . . . . . . . . . 6,239,943 1,3.!,4~7 1,2118,h9 1,4118,8()1, 2,143,498 9,787.17€ 8bawl11 ..••..•.••••..... $ s,012,81s I 10,600,547 278,262 533,5-JII 1,1 18,731 2,314,783 Ca~ell ........... 1q.yd1. 398,389 6i4,• 11 10,438,:194 l,521.00-2 2,643.9;;2 value ......... .. S · 49,539,339 49,660,114 M, ~98,625 71,299,Ul Dreu if>Oda .. ...... 4q .y<l1. 12,055.~ nlno . . .. . .. S 111,759,~88 14,216,~l 12,1149,867 4,058,5 .4 4,521,7~1 6,233,88fl _ _6,1S5,t18 Other wool manuJacturea $ ·f ~f:.t t:;~ I ~::::!~, mL:::::.::::::::::::::~:::::I rnH! I H~ https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis ~~g I TRADE AND 16 OOM.MEROE. EXPORTS OF LEADING ARTICLES OF DOMESTIC PRODUCE, Commodities. QnanWy. 1877-8. The following table shows compar~t,i ve exports of leading a.rti• Htd r, nnmanufactured : cles from the United States ~or the last four fi scal y Rars, the 87i ,459 H orse hair, used in weaTin~.1hs Hair or al l kinds .. ... . ..... 1hs. • 1,557,486 values of merchandise bei ng given in g ol d on th e P acific coast Hidt!S and 11ldns, other than fnr!! .. and in currency for the r est of the cou ntry. The relation H ousehold llnd p er sonal effects a nd w earmg appare l, old and in between quantities and value of exp orts in the series of years u se, of persons arriving from f countries . . ••.. . . . . ...•. embraced in this table is particularly stri ing. Th us, on t h e Indoriaeign rubber and gutta-percha, crude . ................ . . ... lbs. :2,512,203 export of__7t,789,155 lbs. of pork in 1877-8, against 69, 671 ,894 lbs. Ind igo ...• .. ...•••.... .. .... . . lbs. in 1876-7, th e value was only $4,913,646 in 1877-8, against $6,296,- Jute butts . • . . .... . ........ . ton!!. ,,~31,494 not including th e extrnct 414 in 1876-7. Petroleum exports also (found u nder t be head of . Madder, 1,129,123 of .. ..... . .... . . . .... ... .... 1bs. '' illuminating oi1s") wer e considerably larger in the l ast fiscal Oil!!, not elsewhere specifiP.d : Whale or fl. sh, not or American year, but the value wal!! nearly $14,000,000 l ess, than i n 1876- 7. 811,091 fis heries . . . . . . . . . . . .... gals. 1,067,355 V ef, ehblc, fixed or express.ga ls. The quantity of leading ar ticles of produce ex ported in 1877- 8 Vo atile, or etldential .... . . . 1bs. 463,527 was quite unpreceden t.ed, and notwithstanding the low prices Paintings, statuary, and other w orks or nrt of American artist, ruling the total value of exports of do nestic pr.oducts wa ~ much P~er materiills : a~s of cotton or linen .... 1hs. 92, 546,443 in excess of any forme r year. The item of fresh beef was 54,046, · O th er materh1ls .. ......... . 1bs. • 42,937 ,9111 771 lbs., against 49,210,990 lbs. the previous year. 8eeds . .. .. . . . .. . . ...... . ...... .. 8 ilk, raw .... . ... . . . ... . ... . . . 1b8. 1.1s2:nio Hoda, nitrate of ....... ... . ... lb s. 42,258,850 Sulphur or brimston e,crude.. tons. 47,922 •rea .... . . . . ...... ... ..... •. 11>8. 155,366,704 'l'in in bars, blocks and pig~.. cwt. 129,66l Wood, u umanufactured . ... . . ... .. • All other artic tca .•.•..•...••..••. E XPORTS 011' L E ADI"SG ARTICL E!' . ---------- _____ , ________ - - 1874- 75. 1875-76. 1876 77. l b77-:8. Baco n and hams • .. . .. .. lbs " value .... f Butter •..•••••••• . ••. .lbs " · value .... . .... . . .. . $ Beef ..... ...• ...••... •. . lbs II " value . .....•... • ••... $ Cheese . .... . .. .. . .. .. .lbs. u value .•••.•..•.. . . $ 250,286,549 327,7:'0,172 460,C57 ,146 592, 797,481 28,fi12,ti13 3:J,661, ~56 49,5 12,41~ 5 l,75fJ,2f5 6,360,827 4.6! ~,894 2 1,M,,242 2 !,834. 141 1,506,1196 1,109,496 4,42 l,6 lti 3,930,840 48,24:1,1?51 36,5\16, 150 88,366,143 92,878, 150 4, 197,956 3, :&n,301 7,5 13,40 '> 7,!!83, 090 101,()10 853 97,676,234 107.364. 666 123.7t 3, i36 13,659,603 J2,270,083 l:.!,700,627 14,10.i ,529 28,858,420 49,193,572 70,Sci0,983 85,4til,OY8 2 1,416,937 33,205,280 41 ,62 1,245 48,030.358 4,439,12v 2,814,790 3,39~,724 .16,325 147 1,53~.769 9 ll ,E03 1.084,50~ 1,ti1 6,214 :,255,979, 7r 3 1,483, 7oO,M3 1,441,974,406 1,601,208,36 l 1 9,099,856 191,717,45:. 170,033,999 178,415,270 C~~n val~e. : :·::: ::.-::~~~\ Co tton, Sea Island . . .. . . lbs. " " value .. i Cotton. other. . . . . . . . .lb.- . •· value .•••..• $ Cotton manufacturesColored ..... ... ... . yds . 7,593,723 9::l9,061 " value ....... .... $ 21, ~24,0~(J Uncolored ... , . . . .ydis. 2,313,270 " value ........ . $ All other ... . . . , ....... $ 819, 55i 5,502,300 Firearms.............. $ Flour (wheat) . .. ••... . bbls. 3,97:-J,128 23,712,440 " value . ......... .. . f 24,1 4,193 L £-. ather . ... .... . ...•••• lbs. •· value. .... . ••. $ 6. ~86,39i L ~rd . .• . .. .• ..••...•. lbs. 166,8 9,303 ·• value . •.•. . • . ...... $ 22.900.522 241;016,095 Oil cnke .. . . . •.•. . . . • . lbs •· value .. ....... ... $ 5,138,300 Oil, illuminating .. .. . gals. 191 ,551,933 ~7,03,1, 36] " value.. .. $ 5fi,152,331 Pork. . .. . ........ .. lbs. 5,671,49.1 •· value . ...... . ... . .. . $ 9 17,527 Rosin and tu!"l)entine .. bbls. 2,774,411' " value .• . $ 65,461,619 Ta:low......••.... . •. .• . lbs. 5,692, ~03 ·• value. . .. ........ $ Tobacco {leaf) . . . . . .• lbs. 223,901,913 25,211,549 '· value ... . ... I Wheat ... . . . .. . ... bush . 53,04717i ·· value . .. ... . .. S 59,607,8 13 29,6 11 ,304 16,488,214 1,455,462 2, 84.1 31 59, 319.267 7ti,769, 147 5,314, 788 6, ~37,2 J:i 952,778 l ,8! 4,4f9 3,6ti7,050 5,259,813: 8,935,512 3,34 l,665 21, 6G·{,941 24,48:1,470 31,947, 001 25,122.930 6,016,37::l 8,39~, 580 168,405,83!1 234,741,233 25,562,665 22,429,485 287,119,800 273,670.940 5,774 ,585 4,818, 145 204.~14,673 262,4-t 1,844 M,401,1:;2 28,755, 638 54, 195,118 69,6:1.894 5,744,0 t 2 6,2~\ 414 &2~, 2M 900 056 2,18 , 623 2/l84,378 72,43i ,775 91,472. >03 6,734,378 7,h83,61h 218,310, 'l65 282,386.4~6 22,737 ,3-3 28.S·i s, 521 55 073, 122 40,325, 611 47, 135.51-\~ 68,"82,893 • c°Jfee~,.~~.~ ~~~~~~~~~-r~·s· ~~.=cwt. :~r~~tt~~11J.~:~ ~~~.~it:: M •1u ufacturea of . . ... . .. .... .. . C~l•cfse'. -~o~~- ~~~- _ t_~~~~:. ~~11>~~ Cotto n, manufactnr4'1 or: l1ummrrry Blattmen.t.from Monthl'I Return, of Oollt.efqra of Chutcm8, of Foreign 1 0011,,,w,Htiu ,mported t nlo the U,Litell State, duriflfl tlu.ft6cal 11ear ,ndea Jun, G~~'ici.~:. ~~~~~~~. ~.r. ·~·a·r·i·•to!~: • .1". \?• ~!sp~vP,-cru l!pecl.ficd. https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis 107,947 106,708 ' 144,213 176/384 rns; os 448,833 1,300,3., 6 451 ,1395 246,332 84,088 561 ,813 344,486 174,321 228,182 2,814,515 l ,171:1, 154 307, 70• 5 103,081 973,222 1,173,156 15,660,rnS 2, :s3,oa4 1,4~ 1, 1 !16 !!,101,4~6 78,759.118 2,587,217 45,213,539 1,329,582 .. .... 494, tiS!,1 1,186, 170 6,792,937 M,208,334 1,323,547 43.441 1,24·t,788 liS,347,112 lti,lti l ,467 98,1133 1,798,f\13 1,.!;;7,518 9,048,283 84,359 318 2,475 370,596 49, lCO 322,418 1,680,183 254,696 33'),016 1,154,262 129,663 577,431 67, f.50 7,838 Bleached & unbleached. eq. yds. 9,6'76,594 1,07ti,142 11.048,6'.1 8 1 237.312 i-'rlni'd, p •1!n 1'd or col'd .. eq.y d~. 8,335,123 1,0 ~ti,426 10,~99,915 1,4 15,11:! 3,8M,Fi20 Hosiery, shirte 11.nd drawor11 .. .. 4,682,246 F6 91!-J J e11n11,den!m ~,dri l' g11,&c.l!q.J d 1:1 . 825:3~ ]01 ,63::! 64·1;6ii 12.319,751 Othe r m u :ufacture s or.. ... .. . . • 12,131,590 3,70!J,5 l2 Earthen, 11t one and China ware ... 4,()51 ,786 Fancy goods .. • . . ... . ....... . .. . .• 3.e28,80~ 4,2\J0,737 Fitoh, not of American 11sher: ee : 14,873 189,6'.5 Herring . .... .. .. .. ... . .. b bla. 180,840 15,542 1, 148 Mackerel. . . ..... . . . ... .. .. bbls. 67 6 Sar.iin es and ,mchov!es, p re• serTed in oil, or otherwi1e .. .. 'i73.331 677,910 . ... .... 91,654 All other ...• . .. .. ..... .. .••••.. • 149,852 Flax, and manufllctu.rea ot: t F lax, raw . . . .. . . . .. • .... tl>llB. 4,498 1.24'3,064 4,(45 1,177,2i I 11,50.1,894 M,rnufac1urcs of, by yard . .•• • .• 11,490,758 ;.i, 10, ,ous Other manurncturee or . ......... • 2,,,22,042 9, .,36,77\J Fruite, of all kin d s, iuclud'g nuts 9, ~38,r-46 2,401,778 .Furs and d res sed fur skins ..... . 2,2ilU,204 Wass nnd ghisswnre : Cylinder, crown or cc,mmon win• dow . ... • • .. .. . . . . . . . . lbs. 24,030,788 812.612 24,147.680 1,00fi,456 CTylinder & crown, poii8h 'd.eq.rt 29,P:.!2 8,48~ 7,168 28,04'.J Flnte d, rolled or rough plat0 ~6'l,372 si:i. feet . . . .... . .......• . .. • . . • 11.40~ 105,550 5,685 Cas t p oliehed plate, Lot silver'd eq. fe et .... .. . .. . . . . . . . . ... . .• 1,602,325 1,::?53 SM 885,823 1,145,594 Cast poli~h ' d phte, eil ver'd.11q.tt 1,918,501 : 52,899 57'2,066 1,8!17,832 Other manuf11ctures of.... . .. 1,0\10,680 1,061,7:15 Hdr (excep tine th~t of the t.lpa.co., g oat, and othe r li ke nnimale,) and macufa,·turea of: Hair, human and rnanufact's of. 77,075 185,776 l 6:.!,59ti H11ir, otncr and m11.uutac :ur' s of • 1611,127 H emp, 1md manuracturea (Jf :t Raw ... . .... ... . .. ... . ... . . tons. 17,12S 1,852,430 20,503 2,2il,~6i ManufacturPB or. by yard sq .yd. 7. ,01 27, ·14.2 2,·, )!2 9,~a2 O ther manufo.cture11 of . .. . ..... 111 91,593 1:0,8()4 India rubber and gutta-percha, manutact.urea of .. .. .. . . . • • . • • • •• •. •. 24~, 561 3~, 113 Not elsewhere Ip ~ . . . . t Including browu holllmds. burlaps. canvae, coat1ng1. cra11h, d iaper, duckt handkerchiefl, hu ck a back:11, fawns, padding&, and nil lllle manufactures or which 11.u: ■ hall b u th e m!lleri&I ot chl ef nlue. '!' E.!:cept~rtlcle■ ■pecllled : n the note to" Flax, and m11nu ' actares of." I • '' l 105 6311 52;933· 3,178,9S8 8 Pl:~~a lll~RTG. 1b~: 1.15·!,7~6 5 542 ]66 1::)9 \,0:.l:l ... .. 1877-8 1876-7. The general detailed statement of the year's foreign trade, embracing each article of export and import, ae~classified in the government reports, is given b elow. The comparison between values of exports and imports will be found more satisfactory, as the gold premium has ceast::d and values are given on a gold basis : not·or· Am,:rfciri 1,185,942 4 71 1, 1()2 13,821 101:1 1:t37,C80 1,504,78:3 :ibs: .A.ND ~.1~~~.8-::: ._._..:::. ::::.::: • 215,231 $182.424 853,146 266,3!1~ 240,038 1,494,324 14,963,701 17,223,363 ...... DETAILED STATEMENTS OF IMPORTS AND EXPORTS FOR Comm0diti es. Quantity. Value. Qu! ~ tity. Valu9.= Frea of JJuty. 1877-8. 1877-8 18,~7. 1~76- .• Arg ()lll . ... .. . . .. ... . . . • . ..lbs. 10,257,9 9 ll,2!}8,568 9,0~5,M'l tl,~17,'386 Articles the produce or mllnuracture ortllo Unite11 States,brought 3,022,701 back . . . . . . •.. . . ... ......... . : • 2,iS0,544 Barks: Med icir,al: Pernvi11n , cali• Mi4,4S8 4,853,006 1,417,f,95 1,976,016 8-lYll, Lim11, &c . . . ... • .... lbl!I. 412,575 311,258 B11.rk11 used for tanning . .. .. ....• 4~3,061 4 19,114 Cork bark and wood, unmt'ctd .• l !l:l,740 240, 863 265,214 2 8,3:'il ~~~t~~~165,695 153,229 Ct1mphor. crune . ... . . . . .... : _lb~. 1,1i1',290 4,134,810 3,944,196 Chem ico.ls,drug ~,dyes& med1c mcs • Chloride or lim e, or bleachi n.f 49 2 · 5 Ost 5!"48,813 47,642, 133 7 11.f.OO powder .. .. . ... .. .. . . .. .. . . lb . , • 605.3-10 4,h5:'l,986 597.817 Cocoa crude & leav, 11 & shell s. 1b s • 4,'i2~.!!7l €98, 055 1.S·24.lfi;, f 4" .325 Cochineal. . .'. . ......•...... .. lb " . 1,392,297 Cotre~ . ....... . ............ . .. 11> ~. 30!1,' 82, 510 51 ,914,6Ll~ 831,t·39,723 53,6:4.991 469,8~2 2,656,l:ifJ7 413,503 Cotton, raw .... .. .. . . ... . .. . 1b ~. 3,032,013 Cutch or catechu & terrs j a po 1d ca or gambiei: .... _. ..... . . . .. . . 1b s. 24,751,058 97A, 539 22,992,97:\ 910.479 Dye-woo,is, 10 Pticka .... . . .. . cw t . 1, 12ti,827 1,ll!l6,485 l. 195,0: 9 1,175.:-189 .E ,gs d oz 6,053,64~ 726,1·37 4,048,271 !i17,622 .l!' ~h . ·fl.sh~;ieB : . J,' r~ah, or a ll kind11 •.•.... . 1bs. 9,651,828 3 19,561 7,i3;,, P81 236,098 H erring, pickled ..... . ..... bb l@ . 5~,082 230,Mla I\:~ :28!1 2 1(),786 Mackerel, pickled ....... .. bble. • 102,Hd 907,246 43,066 872,260 All other.... . ... ... . ... ... .... 637,437 58 J,r,92 Fur 11kin~. undre1:1se d . ... .... ..... 1,711 ,066 1.56 1,666 · ..Jold and si lver: 1,972,662 Gold bu lion .. ........ . ....... . !l,119,570 f\, 971,849 4,fi93,253 Silve r bullion . . . . ...... . . . ..... . 11,357,553 .Jold coin .. . .. ... . ..... . .... .. . . 24,126,61;4 9,519,250 Silver coi n ... .. . .. ....... .. ... . 9,83 4,927 Gna no (excoptfrom bond ed isl'ds) 23,033 8t9,f.07 2-5, 1'82 sn.soo 10, '65,872 1,2.,7,855 n, P-73,51 5 1 S87 310 G:::un:_-_-.-. ::::::::.'. ::: :::· ·. ·. ·: . V aine. 1876-1 . 171,099,579 rotalfree of duty .. ......... . 181,662,86l\ JJutiable. 2,61i4,676 Animals, living ..... ......... . .. . 1,648, 465 B ee r, &l e, p orter a n d other malt 592,707 11 767,709 974,2i 7 758,850 B~~t~~~a~phieis: ei;g;av'1;{g11:~~ ci 1,612,229 o th e r pub1!catio os . . . ... . ...•. • l,627,!l75 215,670 Brass, a nd m'\nufac tur.:·s or .. . .. •• 247,820 Bread s! uff:1 and other farinaceous f ood: B arl ey.. • .. •....•.... . •.•. hush. 15,764,228 4,10.j,748 6,702,965 5,099,326 H11 r leymalt... . . ... . ... bu sh. 399,844 552,ti56 814,139 247,7l!4 23,431 1 ,8,882 Bread and biscuit .. .• . ... •. Ibs. 176,075 :W,713 12,964 Indian corn or maize . .... . buPh. 13,123 3(),9 '2 25,016 8,719 Oats . .•. . ....... . .. . . . . . . . bush. 21,391 41,597 19,461 Rice ........ . . ........ . . lb e. 41,4"l6,364 1,137,327 60,97o,ti:'i9 1,439,767 271, 582 Rye . . .......... . .. . ...... . bush. 430,235 72, 922 08,974 Wheat . .. . .. . .. . . . . ..• • bus h. 1,351,00!:l 1,549,084 828,900 872,6\J:'l Wh eat flour ..... .... ..... . b bl •. 47,426 7,941 7,431 50,873 M eal or fl our made f rom oa te, Ind ;an corn, rye & huckwheat 81,650 99,866 Peiw, be,m s and ot r, cr seeds or leguminous p lan tl!I . .... . bush. 614,110 756,807 t:42,047 674.,41~ All other farinaceous food, and preparations or, i n clu ding arrowroot, p earl or bulled bar20'\ n75 263,1ZJ 460/)56 536,4·, o Bri~1tm .~~- .. • .' .· .' . .' .' .' .' . .·: .· : .' .' bti2, !J37 6za;a;o Buttons of all kinds, including butto n materl11ls p11.rtly fitted 2,278,420 f or buttons exclmlvely.. . ...• 8,3G2,055 Chemicals, drugs, dyes and medl· 4,872,008 cines .... .. .. . .. .. ........ ···"' 3, ~95,973 Chlccory, ground or prepared, and 139,300 4,055,236 r oot •...••• ...... . . ... . .••• . lb!!. 105,358 3,153,329 Clothing (except when of silk and except hosiery, &c.) of cC>tton or w o ol : 228,715 Cnt and s e,ved t C'g e ther • . •• . • • .• 183,583 981.2:311 Ar ticles or wear ............ . .. • 1,091.836 l,7i5,667 Coal, bituminou1 .. .. . ..... . . tons. 57g',4_57 1,!l3ti,187 491:-iio Cocoa, manu(M:tured, not inclad9,182 382W 1ng chocolate .... . . .. ..... . . lbs. 14,806 57,368 37,765,313 2,959,910 8~, 1"12:l,192 7,05:i,463 1,422,255 ~,098 .501 3,941,855 25,0'.!2,&26 2:{,38·1, 140 6,1 89,0."2 341,097 ,%4 3.,,014,023 342,446,439 5,095,163 289,214 ,541 41,5 t!j _676 7 · ,7tl•, 155 4,9 13, 646 1.042, 183 2,3'29 .319 85, 5f•5 Hl9 (\,695 , 377 28•i, ;j73 , 19:3 ~4,803, 165 7'2.40t , 9ti l 96,87 t ,O lo 80, 1::l'/8, wmpllr ea with the cor,·u p on.dilllJ year Qf 1317. Value. Quantity. 1877-8. 1876-7. 1.7 TRADE ANIJ aOMMERaE. r::~=::::::c:=~=========.:====-============================~~Commodltle1. 'Quantity. Value. Qunntlty. 1817-78. 1877-78. 18i6-7. Jron and steel, and manufactures of: -Pig iron .......• . .•.•••..•.. lbs. 123,200,489 l,250.057152,145,915 J2l,9i9 'Cas1iugs ••••• . •••.•.••..... lbs. 71,~• 0 6.015 Bariron .••• . .....••..•...... lbs: 66.337,457 1,51!,115 56,4 i9,708 Boiler iron .... . .. . ........ lbf!. 2,122 1-08 27.7i7 .Band, hoop, and scroll iron . lbs. 2,22 i 45 (04,732 Railt"Oad bars or rails, of iron. lbs 'Sheet iron . .... . .. ....••.•.. lb •. 1.;·sii2;49~ 2,07i(s4s Old and scrap iron ....... . .tons. 8,084 105.992 1:,::l,i4 Hardware ................. . 92,002 Anchors, cables and chains or all kinds ....... . .•••..••• . ... lb~. 1,fi:9,451 87,51. 2,90!,652 Machinery . ... .. . ... ...... . . . . .. 628,667 Mus kets, pistols, rifles & sport3:~3.297 'St~~ff fn~~~s: sh·e~ts & l,220,0i7 530 Railr'd bars or ra-ils, ol. steel. lbs. l ,161,3,..2 Cutlery ... . ......... . ......... . Files .... . ......•.... . .•..•...... , 125.,44B S,9;j<i 'Saws and too ls... . ........ .. . Oth er manufactures of iron and steel ..................•....... • 2,410,105 .:rewclry. and all manufactures of gold and silver... . ......... .• 249,21>3 Jute and other graseee, 11ne1 manufactures of:t Raw ..••..... . •. . . .. .. .... . tons . 4{),!l9'? 2,438,198 50,793 Manufactures of, by yard.sq. yd: lo~ 1,191 114 Gunny cloth and gunny hags. ·and mannfllctures of, used for bagging . . .... ............ lbs. 2,864,450 155,646 8,248,465 Other manufactures of ...•... .. • 1,510,630 Le11d, and manufactures of: Pig11. bars, and old ..• • . •. .. . lbs. 7,E81,21G 85:3,936 15,~25,921 Manufactures or......... ...... . 7,958 Leath1Jr, and manufactures of: , L e11therofa)lkinds .. .• . ••.. lbs. r ,'112,777 '3,784,729 7,447,4~3 Glov1Js of kid, and all o ther, or skin or leather do 11 · 720,812 8 195 700 f>95,862 Other manutuctu~·es '488:928 Marb le and stone, and munurs of• 746,9~ Metals, metlil compoettions, and r t -. 875 'l46 Of mauu ac urea ·• • •••• •••• •••• •· ~t'j!i:cal insLruments . .•• . . •• . ..• .• $56I,8tl7 Coal and other min"ral olls ,ialt 1.583 535 2,268 .8711 Whaleanrltish,notofAmenc'n tlsheries . .• ...••.......• gal~. 85,509 56.6!6 51,SSi 'O live, salad .............. . gale. 217,0 i7 41-l,4 15 l94,0b9 49,531 44,345 154,539 O live. not salad...... .. , gale. All other vegetable, ftxed . . gale. 363 365 200,0~2 342 sn Volatile, or espential.. ..•.. lbs. J51'e8l 1"'1 740 177'35· Opium, and ex1ractot ........ lbs. 430:950 1,874;815 849;223 Paintings, chromo-lithographs, pbotographs a nd statuary . .••.. 794,193 Paints: WRhitelead . .. ...•.•...•.•.• 1bs. 1,709,515 1(9,799 2.~~,049 203,712 10,981 ooo,S62 ed lead and litharge ....•. lbs. Whiting and Paris White . . lbs. 1,881.914 7,967 2,3\/0,333 Other vain ts & painters' colors. 719, 363 Paper, nnd Mannfactnres of~ Printing paper ........•..... lb!I. 42,063 2,) 2t,· 5,910 13 0 Writing P8 \}Cr · • · · · • • •· • • • • • • • • • Paper haugings -and other paper 119,760 Pupi er.mache, and otber mana.• factures or paper, including parchment .................... • 1,a3 t, 138 Perfumery and cosmetics . ........ 34~.286 stoo·es..:.'.'.".: ·:::.~~~~ 528',ii4 2Jig:m 3,2.05:555 ProTisions (meats1 poultry, lard, butter, cheese, &c.) not includ• . 927 , 264 1ng vege t ubl es.... .... . ... . ..... . .. •. . .. . . . . Salt . .........•......... ... . lbs. 860,589.22! 1,632,8fi5 90l,~09,81l4 ::!te:tre (nitrate of potash) .. lbs. 6,760,984 292,990 13,8t6 670 s5: is4 ~i~~ ·bar;; or.~·.~- .1~~: * i~J~}i;:· Flaxrnecl or linseed ...••. bush. 1,290,615 1,883, 333 1,415,6~5 All other.... . • . . . • . •••••••.• • 330, 90 0 SiDlk, Manudrac.turee ord: _ , 13 861 195 ress an piece goo s.......... Hosiery.. . . . . . . . . . . . . . . . . • • • . . 136,~ ~ 5. 840•"76 Other manufucturce of........ . Boda, and Salts of: .Bicarnonate . . ............ . 1be. 3, 902,514 96,2 4 4,298,905 CarbooatP, including ea! soda and soda ash . ........... lbs. 233,343,440 3,385,569 217,360,808 'Caustic soda . ............ . lbs. 36,505, ·112 1,076,008 8ti,000,895 Acetate, sulphate, phosphate, anti all other 11alts of soda. lbs.* 918,367 12,E65 507,381 Spbes or all kinds· also giuger, ground.pepperaridmustard.lbi, 15,811,330 1,936,217 12,t.i22,313 Struw and palm leaf, and manu• 2,295,266 fa::tures o r . .... .. ... ..... . ..... s~:i.,:~~~~~~~~~~:...... lbs.1473,4,0,1,04 69,642.36S l5E4,m,92-1 Refined sugar ........•..... lbA. 83,094 7.41:i9 3118,6-IB Molasses . . ...... . ...•••.... i!Rle, 27,490,007 6,764,119 30,188,963 Melado and syruri ~ug. cana.1!)s. 31,5t0,9 ,7 1,123,6 13 89,4lil,057 Candy and confect10ncry ... lbs.· 3 5,!!46 6,898 40,t,6'! Sulphur, refined ........ .... cwt 6,628 14,924 29.03!! Tin, und m '\nutucturee of: I I t t 21185 815 9 9'lY 498 1,987,578 5 49 , ' L f lb 7 9~0 <:. 36 4 102 782 7,551,583 c~a .•••....•••....•.••.... lbs. I 22'eo5 2,'259',2fi7 536,52'1 O~i!~Smii.u;{{;ct~res•of.•:::: .. ~~ G· ' 67 819 WatchPs and wutch movemeals ' and materials..... • . . • . . . . . .• 812,582 Wines, Spirits and Cordials: Spirits and cordials in casks, l,l4(),i(t 11380,143 proof . . . . ................ gals. l,114,260 Spirits and cordials in bottles, d oz 84,992 406, 11<3 4, w,v~ne !n cbasktle .... ......... gdi\ls. 3,268965, 117\; 21,,81~39 .• 2~541 309,Y95 rnc rn ot es ..... _.. . . . . O,l', , :.. Wood. and m 'rnuractures or: Ti~~:~: u~~~~;:~t~~;;,~; · s: s !~::~ 1 C~b~a~\1~!~~~ t1~~e~uif~~:1• 832,2 '7 Doard,i, de.'ll~, plank, j oil'ts and il 31512 327,298 3,174,335 sc11nt!10g ..••.•.. . ... . M feet. Shingles ..•..••..•..•••...• M. 47,532 97,149 34,190 Timber,uwedorhewed,wholly or in part................... 3,8' 3 ·; vtl1er lumber............. . .... 20U,016 • Not e1!ewhere &peci11.ed. t EBe,pt nrtislH ¥9CiAed in ,tJ.e note te "Flax, and .m'lnulaetures https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis Y11lue. 18';6-7. 1,5~8,41!5 3,(144 1,515. 1 91 1,lSi 12.659 103.288 148 201 9d,t27 156,799 73v,OOO 818,1::J7 1,338 98'1 l,46~ 875,27fi 135,58;'; 13,5v7 2,563,828 542,8~8 2,351,778 b29 162,~ 2,213,t>l/4 7m,'240 46,442 -Commodities. Quantity. Value. \lUllnt1ty. 1876-7. 1!i7'l-78. 1877 78 - · Wool, sheep's, and hair of the alpaca, gont. and other Hke nui, malt\, and manufacture ■ of: Unmanuractured . ..•..•.... Ult. 48,449,079 ~.a6a,015 ,2,111~1~ Cloths and caeeimere11 ....... . 6,i71,653 1 w~~~1~ :t1f811o~t~d~!.•. ~~ i~~ 'i,156,941 6,624,901 83,265 169,9~~ w,oa 95,886 Shawls .• ...••. ..• ... • . . •..•... 1,2Y8, 12!! 1,341,447 Blankets . •••...•...•... . ........ !U139 2, c52 Cttrpets ................ sq. yds . 278:262 a··s.389 583·.~9 fi74,0ll Dress goods .....•• ..... sq. yds. 49,539,33\l 12,055,805 49,650,114 12,519,867 Hosiery, shirts and drawere ... • 559,941 582,!J22 Other manufactures or. . ........ • S,1151 Stil 4, IJ58,5!4 Ziuc, spelter, or tutenag, and manutactureB or: '64,9116 In blocks or pigs ........... lbs. 1;310,859 59,601 l,'273,301 11 77,ila ti!J,:582 1,256,381 1 247 357 :r~Ti1~s ·nci"t" ·~is·ewhere. ' ' 4,P07,48i merated ..... .................. . '3,570,865 !t A1l Total dutiable ............. .. Total free ol du t.y .......... .. • •• • •. 245,'i i3,267 • .••.. 171,099,57'9 • ..... IU0,534,ti74 ••...• 181,562,866 Total impm·te ............... . Entered f or immediate con11um'n. Entered tor warehouse ........ . •• Entered for immediate transp'n .. Brou~ht in cars and other Ian.I vehicles ................. .. . ... . Drought in Amer:can Vf'ssela .... . Brought in foreign vessels •.....• . ..... 466,b72,846 • ..... 342,164,541 116,9.?4,696 'i',783,6L9 •..... ~2,097,540 • • . 361,564,519 ••• 123,:;J 4,b'77 'f,218,34'1 1~,g65,999 ]46.4\J\l,2~2 307,407,565 10,n!i7,64(} 151,842,510 829,565,838 DOltP!BTIO IIXPORTB. Summary Statement, from Monthly Ret'UNUI of Ooll~t<>r, of Cusro1TU1, of <Jommoditus, the Growth, Produc& and Manufacture Qf tM United Slatet, E-::'f]<n"ted from the United States ditnM tll.4 ytar ended Junt 30, 18781 compar,d tDith the eorre6J)onding period Q/ 1877. t·ty Quantity. Value. Quan 1 • . Commodities. 1877·78. 1877-78. 18 ;6 ·7. 3,12~,1119 Acids ..•. . . .. • .. ..•• • ........ lbs. 1 591 594 48,524 2,a95;li23 b37,014 Agraicnunlitnugra~1fff_t·e·m··e·n·t·e··: •••. No. • '126 2,066 157 865,188 F Horee·powers ...• . .•...•••.• No. 65 19,872 62 847,041 Moweraandreapers . .••.. . No. l0,4!J6 1,018,\!16 7,578 Plows sndcultivatora .. .•... No. 20,110 15t,877 14,939 5',4,530 A ll other ................. . .... • 1, 379 , 4ti 7 876,563 Animals, living: Hogs . ................. . .. No. 2,i,284 267,259 lili,107 44.,015 Horned cattle .......... . .. . No. 3,896, 818 723 798 , 376,731 Horses···· ........ ·• ...... No. , l:l ; 8, 441 3 , 60" 5o1. 5 i 3 114,650 Mules· • · · .. · · • ·•••·•· .. No. 179 017 183 99 v 169 318 Sheep ....... . ............. No. 883 ,499 :Ull:538 All other, and fowla. .• . .. •. . .• . 46,841 •... .• l,788,347 A@hee, pot and pearl. •.•.••• ?be. 679;882 38,38!l 949,8-15 Bark, for tanning .... . ... ... , . ... 111,335 998,691 Beer, ale, porter and cider: 76,475 108,279 87,876 }n bottles . .......... .. .. do{ 119,579 88 018 144,244 173,006 Belis~~~:te:"i"~~·dbro~z~' me~t 12' 579 27,059 . d bl d \! 18 , 83 11,2i0 81 111ar ta es an apparatus..... 715,747 Illacklog. ••• .. .. .... ••. •...... ... . . •• . . . 105,4!:l t ;,; •.; ·;. Bones and bone duet ...... . cwt. 4 ,429 78,!!89 • 01, 2" 1 1 1 S,4 B~~:-Ct ~.~k•. . .v.~?.~ .~~~: .~. 2,738,784 80,740 515,488 9•~ Books. pamphlets, maps.and other 100,124 bli t"10 586,355 B~~s. ;!d 589,451 Bread and bre.1dt!tutr~: 1,080,612 Barley bnsh 3,921,501 2,565,7.,6 1,186,129 sat,622 Bread ai;ci ms: 14,392, ,31 71>G,317 11,872,951 lndiun corn . ....... • . bush. 85,461,098 48,030,358 70,860,!l8i 447,907 432,753 87 1,316, Indian corn meal. ......... bbls. Oars.··· .... · ········· • .. · bush. 3,715.4711 1,277,9W 2,854,128 4,207,912 3,051,739 2,18!!.3' U 724 Rye.··· ... ·•• · ·•·•·..•..bni-h. · ,2·2 J Rye 8.our· ···· . .............. bbls. 6 L6•> 7,5B9 30.775 1,659,5~1 Wheat bush 72,404'.961 !l6,8i2,0 .6 40,32~,611 512, :- 27 Wheat ~ 0 3,f!47,333 25,095,i21 8,343,665 Other small grain and pulse .••• 1,077,433 1,916,249 Jilaizena, farina, and all other 121 378, preparations of breadstu1f1 1111ed as food .... . . . . .... • .. u. • - . .:, 1,709,6:39 16 ,750,.~ 826 Bricks . ....... . ...... . •..... . m.. r 254.44& 41182 " 78 40 Brooms and bru~hes ofhall klnjs. IS,0OO 146,037 393 Candles. tallow and O t er ..• ws. J,567,26:5 218,98:'i Carriages. carts. and parts of ..... 979,0l.3 107,169 Cari;i, railroad, passenger and freight ............. . .•..•• . •No. 599 532,840 657' 3,441,432 Clocks, and parts ot' . ... .. .• . ..•• 936,003 1,114,U0 Cotr.ie, cocoa !ind spicel!I, including glnaer, pepper and mu!!tard ..•• 60.770 !!,906 Ooa1 'bitumlnons .......•... tone. 1,006,843 1 Otner ton! 1,352,624 1,437,!i95 Combs .:::·.:::: •• :::::·.::: : :·..•.• : 15,256 . Copper, and manufactures ot': . 1,h79,:31. Ore ........••........... cwt. 32,947 169,020 21,432 1 6 2 1 2 1 461 55 3 ~:~~~ '• s1.1s1,wi1 • : it-,048; Cordage, rope, and twine of all ';',803 2.'i7· kinds.. . .. ... .. . ........ .. lbs.~• 3,411,413 389,004 2,M4,8i0 l,654. 16i! Cotton, and manufactures of: 5,657 Sea Island . • . . ......... •. U>s. 6.325,147 1,616,214 3,394,724 48,868 O ther, unme.nufactured .. .. . lbs. 160!,208,364 178, ~15,'2701441,974,400 Colored . ... . ••..•........ yda. 37,7b5,313 l!,%9,910 29,601,304 9,751.3'27 Uncolored ...... . .......... . yd 15 • 88,5'l8, 192 i,053,4M 76,769,147 39 ,~ D~~ t~h:~ia~~~;~u~ee~?Ji~e~::: ...... 3,728,619 Dyestuff's ....... . . .. . . . . . ••• . . . . . !>27,281 2,0; 2,347 Earthen and stone waro.... .. . .. 98,035 81,231 F.'ancy artic!ee ........... ... ...... • 719,117 Fruita: 772,432 Apple11, dried .............. lb11. 4,188, ti3 260,085 14,318,052 Apples, green or rip~ . .•.. bu~h. 279,447 386,261 l,!46,929 O ther fruit, green, ripe or dried 296,3 ,0 P reserved, in cans or otherwise 435,450 11461 ,652 Fure amlfur skins.... .. • .•.. ... 2,618,100 5:t,230 473 , 085 Gas tl.xturesand chandeliers...... 4r£(395 4~7,24i' 440:406 1,889 ,871 Ginseng . .........•. .••••. ... . lbs. 2,236,88\l Gla!!II and glassware.... . . . . . . . . . ..... l:l59,68~ ·3·1•,6·85.. Glue ... . ...................... U>o. 250,563 31,247 Gold and l'ilver, and m'factnres of 205,319 798,175 ~il;i~.~: ·. :: : ·. :·. :·:::: :::: :: 6,427,251 S ilver bullion .. .. .... .. ... ... . 15,035,04;, 3,146,098 Silver coio ...........•• . .• .. ... 5,3~4,270 ti\J,180 Gold and silver J,.uf. •• . .•• Jewelry, and oth,·r manufll.C· 7,170 tnre11 ot' gold and !Jilver .... . 20!1,4~3 2~4,679 H&tr: Unmannfactured .... , . .... . 361,348 Kannfaetures or .. , .••••• , •..• , 30,283 or.·• • NM el1ew•~~$ tp1aci1ltd. 458l,718 Yalu.. 187tH. 82,•~ 6g•~~ 699,180 1,m,~g~ a: a 47 4 4 234,480 18,895 53,170 67,176 51,077 40,138 12,866 -83,00•j !~~t ::iiufactn~e~·of.: ::: 634,31:'I 327,81: 'biscuit:::::::: .. ~·r·.·:.~·.-:::·:::::.bbl1!. MiP;f:'n~~~1a~~l~:::~~~~. 31 10,554 " • 4 ,297 765,249 129, 235 &6,638 101,886 1:ll,493 2-2,876 !~ J:~~::;68 Value. 1876-7. 74,'930 ~!~8: ·J~~J~g a. ~::i::~~ 708.Ml 626,081 41,6H,245 1,5 1,!52 l,100, 68ri 1,:;22.766 39,672 47,135,562 21,663,4147 876,665 650,206 25.571 172,000 2 l4,4U8 b66,0l8 538,9!l7 1,025,586 4!,264 1,02~,711 1,8Yl 8~1 8,999 109.41,t ,m;~~~ 2 3~3,888 l,084,M9 170,0s3,999 2,484.131 6,4:57;~23 i'.t\tmi 6J9,2()!J 87,35!5 335,31( 920,29·2 98,6. t 12 268,28·~ 7ti2,314 3,78B,80i 26,899 M2.268 61.86,06061 , ,. &~Ii I 132,4!'19 338,487 9,8Q6 • 18 TRADE AND COMMERCE. Commodities. Qu:mtity. 1877-8. Hats, caps and bonnets: or wool, fur, and silk ..•••••• Ofpalm-lear, straw, &c ....•...• Hay . .... . ...... . ......... tons. Hemp, and manu factures of: Hemp, unmanufactured . . .. cwt. Cables and cordage ... •..... cwt. All othcrma<t10fac1ures of. .. Hides aml skins, oth er than fur .. lloop skirts . . . .•••....•.........• Hops . ......•..•.•••.•..•.... lb!!. Ice .... ... .. .................. tons. India rubber and gutta percha manufactures: B oots and shoes ......... pairs. Other manufactures. . . . . . . . . • . Iron, and manufactures ot : Pig . ..............•..... . .. . cwt. Bar ... . ... . . . .. . ... . .... . . cwt. Boiler-plate ...... .. . . . ... cwt. Railroad \Jars or rails . . .... cwt. Sheet, band and hoop . ... .. cwt. Value. Qu ·i n tity. 1877-8. 18i6-7. 262,'> 51 46,833 141,340 .8Stoves, :::!!1t:·and :i;::.-:::.: ::::.:·:.: ·.No: * parts of... . ... ... . 2,325 11,402 18,210 146,043 1,056,709 1,2813,840 18,458:76~ 64,370 2,152:81a :l27,328 16,009 115,633 50,399 2,160 164,767 2,480 Steam-engines, Jocumotive •. No. Steam-engine::!, stationary. . No Boilers f e r steam-engines, when 11eparate from the engines .... Machinery . . . . . • . . . . . • . • • . . . • • . * Nails and sp!kes .... . .... lbs. All other ma11ufacturee of iron. Steel, and manufactures of: Ingots, bars, sheets& wire . . 1be. 156,050 Cutlery .... .......... . . . ..•... .li:<lge•tools. . . . • . . . • ....... . F :, es and saws . ...... . ...... . M ul'kets, Ilistols, rifles and Pport.ing guns .. .. .. .. . , . . . . :Ma nufact ures of steel.. •..... • Jtlllk (old1and oakum ..• .. .. . cwt. Lamps ... . ........... ............ . Lead, and manufactures of _ ..• La,1ther, and manufactures of: ~oots and fPOPS . ••.• ••••• pairs. as1,1 5 2 Lollther of 1111 kmds . ... .. .. lbs. , ,110 .Morocco, and other fine .......• 23 3811 8add1ery and harness . .. . •...... Mauufactures of ...•.... , .... • Llnrn im d cement ............ bbls. .Mauures: Guano . . .. . ....... tons. ::ln~)-ttinces used expressly for m anure::! .... .. ... .. .... •• •• Marble and stone : Marble and stone, rou gh . .. .. . .• Marble and stone mauufuc ,ures Mat: h s. ..... . . .. . .... . . . . . . llatbematical, ph1losophical and optical instruments.......••...• Musioal instruments: Organs, m elotleons. &c ..•..•..• Pianofortes .......... . . .. ..... . N ~ 1!1°~~oerre; :·· . .• . ............•.. 2,304,621 .r irc~f;: u~d ·s~~lC~s·. ·. ·. ·.. :::::::: ·. Pork ...•..........•.•.•..•.. tbs. 94,495 1,6:,1,618 19,&23 7',l:.J,3'18 904 98~ 4,992,3J!l 38,901 29,801 275,963 12,616 27,445 192,(J37 140,148 rn3,373 11,513 324,H8ti 1il,O ti 275,780 68,6~8 140.934 1,016,9i4 120,:.:72 63,601 59,622 ~,ol l 105,781 4,989 89,029 194 775 14,205 53 53 243,Hl 1 21,lil8 218,2; 9 12:!,03::I 113.321 568.·0·2 54,088 lil9,7i78 3,849,908 28i,7~1 9,i.6,659 3,\190,660 70,01:l 2.6H8,363 31H,684 3, j ol,767 . 1:61~ ;15,892 54,812 911,095 39,782 146,686 111,661 38;114 721.012 36,3LU 2,C98,501 365,497 40 931 245,377 · aH ,90-1 5,1!59,818 306,981 37,418 ~3,3i 3 49,8;jj 468.436 300,481 6,189.052 25,122,!lilti 9, 3,9n8 127,000 391,.574 98,334 3,720 414,630 6,016 373 !,280.225 9J,085 36J,!l88 9;,923 41,530 1,208,049 1,076,602 142,661 597,856 143,219 131,716 1117,937 173,812 27,929 4S,e48 4il8,li64 3,13.018 14,795 578,81\4 330,156 12,6~9 900,056 72,189 273,6711,940 2 884 3'i8 'lfio:410 4,818,145 26 819 2"'-. • , v... 3 756 7<>9 • • ·a:01a N - Shlpoerl in cars and other land 15 '40 183 1 816 682 vehicles. . .. . .. . . . . . . .. .. . .. . . • •' , • • Shipped in American vesse ls..... ·l 6t,44 l,844 55,401,132 ::!hipped in Joreign vessels.... . ... 639,381 1,601,053 316,087 994,440 17,447 801,218 411,808 2,!iH,il23 27,2-32 32J,3H 'ifi.1 10 34!1,429 19,9:i'! 634,991 1,0. 6.n1:l8 1,';05,42:l t9,4!i5 6,792 . .... . 676,1 53 4,559, 1:37 8C2 592,8i4).5i 92.87tl.150 21,837,117 12-j, 783,736 94,2 ,5 188,1331 34l,667°,i}20 71,889:255 Onions . ... . .........•.... bush. 56,795 Potatoes .................. bush. . 7H,409 O th er vegetable8 ..... . .... . . ... . V egetables, prepared or preserved .. ... .. ...... ........ . . . Qu 'ck.~ilver .. .... . . . . ... .... lbs. 2,552:388 Rags: Cotton 1111<1 linen ..... . . lb:t. 445,\/S9 Woolen ..................... lbe. .H.ice .. . .... : .................. lbs. 6ai:ii5 Salt . ......... . ......... .... buoh. 72,427 SCI.Iles and balances ........... .. 8~s: Cotton.. . . ....•... .. 1bs. 16,7ii,634 263 ll'l&Deed ur lin1eed ....... bash. • ~ut ~18\lWMfC t!\'ecilled. https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis 9,531: ios 12,182 175,750 695,625 2,480,427 Commodities. Value. Value. (,J,na11 tity. Quantity. 1870-7. 1877-8. 1876-7. 1877-8. Clover, timothy, garden, and all other ............ . . . .... ... ..• 3, ~03,6 ~ 2,085,887 Sewing machines, and parts r,r .. . 1,652 ,487 1,661,715 Soap: Perfumed, and all t oilet .. . 11,li49 3ti,272 . ... Other ....... . ... .. .. ...... . lbs. 10,!11(),74i &27,403 621,867 ]t), 122,787 Sperm11ceti. ... . ............... lbs. 41,027 153,5:'l2 58,302 228,2i6 ::.,pirits, di stilled: From grain . . ............ gals. 489,174 864,162 1,008,741 2,258,401 285,979 Yrom molasses .. . ...•..... gals. 27U57 647.3:1I ti55 864 ri,311 From other materials ...... g uls. 12,3~6 12, tio:3 2,36d Spirits of turpentine ... .... .. gall!. 7,638,5fi8 2.3::l'i. 569 6.7!lb.927 2,274,639 45!,,82 Starch .... . ........ ........ .. . lbs. 12,\!95,385 ·tios,521 8,687,816 Steam and other fire euginct1 and f>l,535 upparatus . ...... .. .. .. ....... . . 35,862 Sugar und molas8etl : 6.618 4,5n6 Sug11r, brown .......... .... . 1bs. 8:S.838 52 683 Sugar, r eflued ...........• .• ll>s. 4-1,040,41 9 4,1\08,148 89,66:i,486 4,586,698 5!!4,54, 365 753 2,4t,6,!J5·l Moladsed . .. . ... . ..... .. ... gul ~. 1,477,051 37,(\3'\ Candy and confectionery . .. ... . 41,6S7 . ... Tallow .....................•.. ros. 85,505:~iil 6,6!-J5,377 91,472,803 7,883,616 87,061' 'fin, and m anufactu res or .. . . ..•• 1 :6, 274 Tobacco, and manufacturea or: L eaf . ........... ..... .. . ... lbs. 283,973,193 24,803, 16.'> 282,386, 41!6 ~8,825,521 38,161 :1,182 46,170 1,15(\ Cig,1rs . ..................... .. M. 1,9 8 13,344 7,825 2,53a Snuffs . .. . ............. .. .... lbs. 3,154,564 3,627,322 Other manufactures ...•....... 131,082 140,477 Trunks and val1set1 ... .. ... •.•... : 2,492 &,187 Umbrellas, parasols nnd sunshades 61,11a 6<i,sio 93,052 Vurnish . ..... ... -· ........... gals. Vessels sold to foreigner11: 9,1100 2,871 147 800 48 Steamers ......•........... ton!'. 186,802 7.9!!2 241,681 5.897 Sailing vessels..... . .... tons. 5,f--53 20,397 14,771 4,120 Vinegar.. . . . ..... .• ...•.••gals. 77,8'>7 140,794 Watches, a,d parta of ....... . ... . 8!,461 95,()74 326,613 276,89i Wax .... . .. ..... .. ..••••...... lbs. 50\l,U:.!8 569,762 Wearing apparel. ................ . 160,6n6 1s4·,oiii 264,980 ~·1:1os Whalebone . • • . . • • . . . . . . lbe. '10,632 l'>7,4U8 38,775 46,til4 Wine ...................... . guls. Wood, and manufactures of: Board!!,clnp boards,deals,planke, 821,530 5,4S4,922 313,143 4,531,741 joists, and scantling .. M. feet Lathli!, paling;,, pickets, curtain sticks, broom-handles & bed1/i,i'OO 4 992 9,233 3,0!iO slats ............... . ... ..... M. 12ti,6:N 1~4 533 3S,327 46,518 Shingles . ... . .. . . .. . . .. . • . . . M. 305 201 141,610 Box shooks ....... . ......... . . 3.94~,7:39 3,77S, 196 Other shook•, t1taves & headings ~55,911 1:36:7~4 159,420 s2:402 Hogsheads & barrels,empty .No. 846,4 10 520,451 All other lumber .............. .. 9,518 9,469 2,8~7 Firewood ................ cords. Hop hoop, telegraph, and other 413,321 377,137 poles ....... . ................ . Logs, matitB. spars, nud other 499.1'22 352,lOt ! ...... wllole timber .............. . . . Timber, Sllwed & hewed.cub.ft. 18,3oi.oii-, 2,66t,'i84 20,640,259 3, 12-1,411 60,05!1 114,907 All other timber ......... ... ... . 1,'iOu,412 1,961,522 Household furniture ... . .... .• 323,839 287,86L Wooden w11re ........ . ........ . 1,a73,039 1,714,440 All other manufactures or wood * Wool, an<l manufactures of: !i6,446 79,5:!9 93,353 347,854 Wool, raw and fleece ........ lbs. 16,377 23,47::1 10,430 10,620 Carpets ...... ........ ... .... yds. 275,460 438,554 Other manufactures of. . •...... Zinc and manufactures of: 34,468 83,831 6,428 16,050 Ore or oxide ............... cwt. 115,1~2 2 .6,580 1,419,722 Plates, t>lleets, pigs or h11rs .. lbs. 2,545,;;20 All articles not e uumerated : All other u11manufactan·d artf54,231 icles .............. .•.. . .. ••. 2,257,800 All other manufactured articles. 497,:i40 Grand total.. ..... .... - - - - - - - - - - . . . . •. 5,295,768 • ... . . 159,772,,l/O . .•... f>57,;43,S27 4,980,870 156,030,514 515,104,208 . ... .. -~--:-.: 722:811,815 - - - - 6-,-6-,115,og1 nx•EXPORT Oll' FORE'lON GO '..) DS. Cannon ....... . ................ . C1t111,on ttt!Cl gun carritt,l?es and accoutremeut -. . . . . .... . .. . C11rtrhlges aud fu ses.. ... . . . . . . . Guupc,wder .. . . . . . . . . . . . . lbs. Shot and i;hel I . . . ........ lbs. Ore, nrgeu1iferoas (ur silver-bearing) ...•...... .... .... . ... cwt. Paiots and painters' colors .. .... . P!lintiogs and engravings . . .••.••• Pl\pcr and stationery ...... . . .... . '?'!lrfumery .............. . ..... . Plat-ed ware of 11ilver or othermet11l PrtuUng presses and type .. . .. . . Paov.li;iuns: tlacon and hams. tbs. .Bt!cl . .......... . ............. lbs. Butter . ...... .. .......... lb~. Cheese . ..... ..... ... ... ... lbs. Condensed m :llc ........... . .. . Eggs ..................... d oz. Fi:;h, dri ed or emoked .... . cwt.· Fish, fresh ............... .. .. Fish, pickled .. .. .•••. .... bbla. Fii;h, other, cured .. . . ......... . Lard... . . . . . . . . . .. .. .. .. . . lbs. Meats, preserved .. ............ . 1,481 13,072 2,305:355 21!,0;i4 Roi;in and tarpentine ...... bbls. 1, 042,,183 2,329,319 1',u· ,u:d piLch .... . ...... bbl t1. 158,t 94 73 407 cake . ................... tbR. 34214li 439 5,095, 163 Ui1s: Minerul, crude <inciuding ' ' all natural di ·, without regard to g ravity) · · · ·· gals. 26,936,"",27 2 694 018 Minerals, refined Pl' m'factured: .. ' • Naphthas, 1.Je11zine, gaso :ine, &c ... ... . ............. gals. lli 416 62• 1411 812 Illummatin"' gali! , , • · • • I Lubricating ·(1i~a~y· ·pa;attiue·. 289,214, !.41 '.11,5 3,b76 other, from which the light bodi , s have been rlis· Wied).... . ...... .... . bbl~. ._Animal: J.ard . ........ .. .. gals. Neatsfoot&other anima 1 .gals. Bpl'rm ....... ... , . . .. gals. Whale and otlH:r fl, h ... .gals. · V eget11bl e : Cottou~ eeLl .. gals. Linseed ..... . ... .... .... guls. Volatile, or esseutial. ... . . .. Ordnance iatore-.: 262,271 43,5\l\l 116,936 58,623 on R!ic¥~~;;. ·(t~·r: · p·itcb.: ·aii~u~~i Value. 1876-7. 3,357:094 102.655 1,3,,6,529 1,317,06i 7,7!19,122 Summar-v Statement,from Monthly Relurnt1 nf Collectors of (Just<lTTl,8, of Foreign 317,355 Comnwdities Exported from the United States durinq tlu 11ear ended JuM 30, 2-81,551 187!l, compared with the corruponding perioll of 1817. 19,720 879,865 Quantity. Value. Quantity. Value. Commodities. 442,165 18,7-8. 1877- 8. 1876-7. 1816-'i. Free of Duty. 842,248 3(),000 4,0 .;1 43,435 Argo ls .• .• . ..•.•. . ..•••••.. lbs. 401,829 Bark!!: Medicinal-Peruvian, calisaya, 126,,92 · 70,0 2 39,379 7,006 Llm.1, &c .. .. . .. . .... . . .. ll>s. ll,53S 835 u~ed for tanning . ............ . 2,325,570 aa: 953 24,9~8 215,656 11&,602 437 ..... . 8,89J.311 102,874 111,704 1 3116 932 ' 65;,71 ...... 10,309,294 8 153,873 C~t~tfs ~~.~. _l_e~ve~ . .~: 154,617 G21,3'28 817,WS 66.986 Cochineal. .•.••••.•...•..... lbs. 9,890,715 2,086,3li6 12,s2i:4w Coffee.................... lbs. 277,\/49 115,00-l 935,541 Cotton, raw ... . .. .. . ....... . lbs. Catch or catechu and terra-japon· 1,907 232 4,135 ica or gambier ........... lbs. 19,601 22,630 17,186 Dyewoods, in sticks ....... . . cw •.. 123 1,348 Eggs ...... . ........ . . ..... doz . Fish, not of American fisheries: Fresh, of all kind::1.. . .... lbs. . .. 'ii Herring, pickled .......••• bbls. 2,279 Mackerel, pickled . ........ bble.76,144 All other.... .. ............ . . • 7,418 Fur i;kins, undressed ....••••.• . . Gold and s ilver: 1.450 Goid bullion .......... ......... . 5:::5,570 Silver bullion ................... . 2,57tl, ~35 Gold coin ...•.................. 3,550,785 Silver coin .... ... ..... ........ .. Guano (except f ro r.1 bonded i sl'-dt!) 2,757 12,700 635 tons ....... . .. . .... . 181,:¾82 12,756 38,5~5 Gums ......................... lbs. 4f.0 21,uua 722 Hair, unmanufactured .... . ... lb~. 49,!.'50 Hides aud a,dns, other than furs .. Household and p ersonal effects, and wearing appard, old and in 25,98~ use, of pe rso n ➔ nniving from 2,861 1,7ti7,266 foreign countries .............. . 5,719 India rubb c: aud g11Ua p ercha,· 183,862 179,707 1,140 crude . . . . . . . . . . . . . . . . , ... lb e. 42,457 28,722 18,112 Indigo .. . ... . ................ lbs." 20,1 83 Madder, not includin~ the extract 159,281 of ........................... lbs. I ~0,002 1 Oils: ~ii,562 326,007 379,570 ti Vegetable, dxedor expr's'd.gala._ • Not elsewlrnre specUled. 8,550 44,950 3,229 23'.l,u75 186,050 2:il, -1! l !Hi,513 1,086,994 ll&8,218 295,269 26\J.785 215,JE!9 149,772 lil ,063 ...... 159,746 51,752,t ,68 460,057.146 49,512,4U 7,983,090 ~8,36fi, 143 7,503,475 3,931,822 21, 527, ·!42 4,41!4.oH, 14,WB,529 107,364 600 H 7eO f!?l '121'.so1 128,284 14,1-80 8,421) 766.154 791,7811 114,:{38 84,278 416, 162 75:227 4Q6,738 3,198,896 .. ... 2,486,225 80.014,254 234,741,233 25,5t,2,t .6~ 3,939 977 5, 0·!,625 393,0ii1 260,tiW 45,361 ~9,667 ..... 4,913,657 69,671,f,94 6,29•i,414 t44/2l 52,:328 48,l81 53:3, 11'-7 t 41,5\13 52~,fi5:) 79, :~74 90,536 r.9,135 1,230,008 ,2,82'> ~~~.~~•- ~!.~~ ~-n~-~~~i~ Chci~!~~~~•• 248,925 Chloride of lime or blenching pow• 2,161,866 der ........ . .......... .. .• .. lb!!. ~?l~.~•.. ~46,844 E5.641 5t,H38 1,5'.i7,058 49,064 124 28,6i8 ·g/)88 a·2:i20 118,08!1 6i,511 334,167 4,163,i62 8,462,059 77,190 25,J 12 4,201 44,415 78 66. 124 86,521 188,618 19 TRADE AND 00.lfMEROE. Commoditlee. Value. (-limt\ty. 1876-7. 1877-78. 1877-78. 2,:-110 6,017 5,667 Qnantity. Volatile, or- essential. .. .• . . tbs. Paintings, statuary, and other works of art of American artlets Paper materials : Rags of cotton or linen . tbs. Other materials •..•••....... lb8. Seeds .•••..•... •.......•........ Silk, raw .••••..•.••.•••...... . lbs. iii.oas Tea ..... . ......... . ........... lbs. 2,246,356 Tin, in be.rs, blocks & pigs ... cwt. 523 Wood, 11Dmana.factured ........•• • All other articles ................ . Totaltree of duty........... . cire~~ ~~~ .~~~~~~~~~~~.~.'.:.cwt. Figs, bars, ingots, old and other, St~~'f 1~~~iii; · ba;a: ·slieiits· ~iici wire ...... . . . .. . . . . . ...... . Railr'd bars or rails, of steel,lbs. ~1\~:?. :::.::::: ::·.: :·.: ::::. :::~ Saws and tools ................ . 1,200 126,8!7 57,645 1,848,025 2,859,015 • 1is:2()9 23,689 85,462 475,218 49,9W 1 ...... 34,838 2,387 283,24214,483,6 •5 219.521 1,420,707 27,950 08,120 464,453 1,040 225 849,272 866,813 26S,916 67,582 • 3,752 55.818 3,236 6,059 4,355 182,318 213,831 764 11,188 it6 2,584 47,902 27,876 lfi,510 5,613 2,854 1,400 13,3~8 98,178 122,845 13,023 254,83::! 161.181 18,835 129,607 2,631,910 ~oo,345 a,32~,121 !7,9 ~7 19,443 13fi,874 124,54~ 27,551 63,228 208,899 7,372 825,639 11,338 22,132 131.392 18,091 65,8;:6 22 1,851 19,400 550 797 915 IC,8.294 239 J.590 6,732 2 15 13,178 26 ·5;oia 475 8-19 12,8;,7 !200,757 9,705 4,842 3,949 934,120 30,(129 735,8i 4 1,500 681 10.329 3,5U7 378 1,747 • 851,320 :i,6;iii 7,057 1,792.~00 116,317 6,288 ·1:916 ~<9 45,646 9,843 448 74,492 1,753 113,442 3,280 22,014 8,016 8,798 901 or~~~l·c·~f: ~~.~. ~~~~: Sugar and molasses: Brown sugar ...•... . .•...... tbs. Reftned sugar ............ lb'3. Molasses .. ......... . .... gals. Melado and syrup of sugar cane . .........•.. . .. . .. . lb~. Candy and confectionery .. . lb@. Sulphur, refined .. ...... . ..••• cwt. Tin and manufactures of: In plat.es . ................. cwt. Other manufactures of .... . .. . . Tobacco and manufactures of: Leaf . .. . .................... tb8. 8 9S.305 215,211 136,450 49,512 Stf:~:r~~ 8ii!~ ~·anufacturiis· of.-::. :.~. Watches and watch movementB .4:Siil 29,77l 1,267 48,943 7,464 8,370! 649! ~• 2 ~g: 4,851 i 1, t3!S O th er manufactures of iron o.nd eteel. · . .. . . . . . .. . . . . . . . . . . . . . • • • • .. . 269 446 • • .. .. 1f>7,87ti ! !• • Not elsewhere epeclfied. ' t Includi.ng brown hollandl', burlaps, canvas, coatings, crash, di11p0r, duck handkerch1efs, huckabacks, lawn@, paddings and all like manufactures of which tl1x shall be the material of chief value. ,., :t: 1'xcept Qrtlclea specUlod In the note to •· Flax and manufactur. s of." https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis Jewelry, and all mat:uTactures of gold and silver.......... . . .. . J11te and other gral!ses, and mana• factures of:t Raw ... . ......... ........... tone. 1,168 Manufactures of, by yd .. sq. yd. Gunny-cloth and gunny-bag@, & manuf. or, used for bag'g.Jbs. 23,000 Other manufactures of.... • ..•.. • Lend, and manufactures of: Pigs, bars, and old ....••...• '.lb!!. 1,129,~ J\fanufactures of .............. . Leather, and manufacti.res of: Le!ither of all kinds ........ lb!'. 83,303 Gloves ot kid, and all other, of skin or leather•.. ..• doz. pairs. 0\996 Other manufactures of ... , ..... Marble & stone, & manufact's of.* Metals, metal compositlou.s, and manufactures of .•..••...•..•... • Musicalinstrwnents. • , ........ .. Oils. Coal and other mineral oils,ga18. 4S,896 Whale and tlsh, not of Amerl• can fisheriel!. . .......... .. gals. 8,800 Olive, salad .....••... . ..... gals. 8,000 Olive. not salad ........ . .. gals. 3.• 7 All other vegetable, fixed ...gals. 28,201 Volatile, or essential. .... . .. lbs. 3,058 Opium, and ext.ract of ....... lbB. 74,639 Paintings, chromo-lithographs, photographs, and statuary .•... . • Paints: White lead ......... . .. . .. .lbs. Red lead aud llthar~e....•.. lb!!. Other paints & painters' colors. Paper, and manufactures of: Printing paper ...•...••• . .• . tbs. Writing paper . ........•....... Paper haugings and other paper Papier-mache and other manufuctures of pa.per, including parchment .. . ................ • P erfumery and cosmetics. . . . . . . . Potatoes. . . . .. . .. . . . . • . . . bush. Precious stones.. .. ......... . . . . _ Provisions (meats, poultry, lard1 butter, cheese. &c.), not incluamg vegetables........ . ......... . ... Salt . ... . .. . .. . . .......... . ... lb s. 3,745.8'.!3 Sal tpetre (nitrate of potash) .. lbs. 126,063 Seeds ...... . ........ .. ............ • Silk, manufactures of: Dress and piece goods ........ . Other manufactures of......... . Soda, and salts of• Bicarbonate ............ . .. .lbs. Carbonate, tncla.dlng l!al-soda 81,271 and soda-ash . ............. 'lb!I. Caustic soda ............ .. . tbs. 667,161 Acetate, sulphate, phoi;phate, & all other salts of evda ..... tbs. Spice8 of all kinds; also gln1-rer, ground. pepper & mustard .. lbs. 1,113,708 24,780 135,854 30,455 116,266 • • 25,396 2,246 2 • 200;709 676, r:66 2.809 70,"64 845,183 2'2,377 32,505 6,440 10;665 3,atr£1 22,970 115,175 .. Quantity. 1877-78. 17,507,:21.l( 10,915,320 DuUahU. Animals, Ii ving ........ . ......... . Beer, ale, porter, and other malt liquors ...... . ......... . ... gals. 16,802 Books. p amphlet~, engravmgl!, and other publications . ........ , • Brass-1 and manufactures of ...... . Breaastuffs, wid other tarinaceous food: Barley.................... bush. '171,105 Barley malt • • •...•.•.. bu@h. ... ii Bread and biscuit .......... . lbs. Oats .••......••...• .••••••. bush. 21 ,M'i Rice ........... . ............ lbs. 9,656,593 ~ye . .................. . .. bush. 339,738 Wheat . ... . ............. . bush. 1,249,660 Wheat flour ...• . ... • .....•. bbls. 6,M9 Meal or dour made from oats, Indian corn, rye, and 1,uckwheat .......... ... .......... . Peas, beans, and 01hcr seeds of leg11minous plants .. .... bush. 500,267 All other farinaceoui f ood, and preparations of, includi?·g arrowroot, peul, or hulled barley, &c ............ . .... . Bristles . .. . . • ..•.•........... tbs. Buttons of all kinds, including button materials partly titted for buttons exclusively. . .....• Chemicals, drugs, dyes and medicines .... . .. . •..•.....• . .. .. ...•. • Chlccory, ground or prepared, and root . .. ............. . .... . . tbs. 21,.997 Clothing (except when of Bilk and except hosiery, &c.,) of co~ ton or wool: Cut and sewed together .••...• . Articles of wear . ... . . . . . . . . . . . . • Coal, bituminous . ....•. , . . .. tone. Cocoa, manufactured, not including chocolate. . . • . . .... . •... lbs. unmanufuctured ....• . ••• .. tbs. Manufactures or .... .. .... •• .•• Cordage, rop,, and twine, of all kinds ..•.........•••....... tbs. Cotton, manufactures of: Bleached & uubleached .. eq.yds. Prlnted,pamted,or col'd.@q.yds. Hosiery, shirts a11d druwers ... Jeans,denims,orlll'gs,&c.sq.ydB Other manufactures of .... .. ..• Earthen, stone and China ware ..• Fanf'y goods .... . .. . .... . ........• Fish, not of American tlsherles: Herriug . .. .. ........ . .... bbls. Mackarel .................. bbls. .Sardine3 and anchovi es, pre-tterved fn oil, or otherwise..• All other ••................•.•• Flax, and manufactures ot:t Rnw . ..................... tone. M:mufactureB of, by yard ...... . Other manufactures of.... . . . . . Fruits of all kmds. including nut8 Furs 1u,d dressed fur-s.ltins ..... . . Glass and Glassware: Cylinder, crown or common window .. ............... . tbs. Cylinder and crown, polished . . . . . ..... . .. . .... sq. ft. (Just polished plate, uot eilverecl . ..••• . .....••.. sq. ft. C'\st polished plate, silv'd. eq. ft. Other manufactures of ........ . Hair (excepting that of the alpacat goat and other like animals) ano manufactures of: Human, and n,anufactures of .. Other, and man11factures of.. .. . Hemp, and manufactures ot:i Raw . . . .•.. . .......•.... .. tons. Other manufactures of........ . Ridel'! and skin11, other than furs. India rubber and gutta-percha, manufactures of.... . . . ... . Iro~ a!)d steel, and manufactures P1g-1ron •................ ... lb ~. ) Cast~ngs .. . ................ lbij Bar-Hon .............. . ... . .. lbs Band, hoop and '3croll iron .. lb 1'. Railroad bars or rails,of iron, lbs. Sheet-iron ......•........... lbs. Old and scrap iron . ..... . .. tuns. Hardwi.re . .. . .. .. . ......... . Anchors, cables and chains of al( kinds ................ . .... lbs. Machinery . ................. .. . . M!}skets, pistol~; rilles & sport- as;5i5 1,508,987. 15S Commodities. Vain~ 1876-7. 8 : Value. Quantity. Valna 1876-7. 1876-1. 187M8. 7,58-'3 12,095 116,1S6 98! 959 l!t,235 m1;2is 585,915 29,114 2.66d 59.201 182,765 106,76~ 16,988 2,286 3,448 13,372 17,857 8,4i5 13,351 20,166 35,112 4,604 57,565 923 21,259 7,0!9 l.152,885 8,058 12.2o0 ·311 15.,798 li,348 ~73,689 1705 3,2-38 13 88,744 2,457 64,694 6,414 ···~tii 357,318 794. 4,6:38 41 19,247 5 ,691 268,811 615,468 15.208 6,160 6,346 11,900 231 ai7 4,045 1,850 8.736 893 1,8~ 11,770 7,086 6,505 1.768 , li,0lS 151,73C is,569 122,275 4,111 · 5,9!17 65,761 a,2s1:«a 743,900 9,965 64.478 8,893 27,543 41,:191 72,951 16.808 233,831 126,6-11 24,652 158,715 1,022,366 161,486 23,9';6 62,181 315,479 8,077,622 21 6 ,33 222,812 802,891 169,3i3 383 74,113 60A 110,408 882 8,229 228 86.996 1,61'5 1,081' 3•i 2,68S 15,827 74,897 3,9M ~091 44,416 2,65-1 40868!) 15'2/i22 B4,2H 26,918 264,860 9~,345 155,0'i't 89,891 55,7-92 and materials ....... . .......... . Wine!!, spirits and cordials: Spirits and cordials in cas~ proof ........ . . . ... . .. .. gals. 92,127 8,259 Spirits aud cord'ls iu bottle:;.dz. Wine in casks ............go.ls. 107,183 Wine in bottles ...........• d oz. 14,954 Woou and manufactures of: Cabinet ware, house furniture and all manufactures of wood• Boards, deals, planks, joists and scantling ....• . ... M. feet. 35,401 Shingles ........ . ... . ...•.. . M . Timber, sawed ·o r hewed, wholly or ln part ... , ......... . .... . Other lumber... . . . . . . •. . • • Wool, sheep's, and hair of tho alpaca, goat, and other like anl· male, and manufactures or: Unmanufactured ...... . ... . tbs. 5,952,221 Cloths and cassimerelil ..•....•• Woolen rags, shoddy, mango, waste and d ocks . .••.... tbs. Shawls . . . . .................. . Blankets ....... . ............. . Carpets ..... . •......... sq_. yds. Dress goode . . . . . . ... . eq. yds. Hosiery, ahfrts and drawers ..• Other manufactures of ..•...... • Zinc, spelter, or tutenag, and manufactures of: In bloclts or pigs .. . ........ lbs. In sheets .. ... ............. tbs. All articles not elsewhere enamerated ...... , •................ 61,319 1,028 805 85,f.40 87,616 44,1)l7 70,848 78.339 8 ,033 104,22:i 62.064 85,005 ,a,960 10,948 67,425 82,181 807,{)85 72,6i2 115,400 314,023 1' 5 '200 1"'4 24,488 941,041 8,088,967 67,618 ...... 472.5 ' 9 2,180 174 82,712 4,274 4,671 149,093 2.635 17 5S,882 4OS a1,1s4 190,413 1,ro2 t\9,520 ·s:i,; 719.133 711,830 100,859 ... i95 ... 849 193,995 145,154 Total dutiable........ . ....... 9,917,RlS Total free of duty . ••• ....... _ _ _ _ 10.915,320 • 665 4:l,8~3 6.63,951 1,322 105,160 5,905,3~6 240 844,20'.i 97,470 • • • . .. ...... 8.325,291 17,507,~04 Total.. . ..... . .... . . 2Q,8~2,9~8- . - - 25,sai,495 From warehouse................. 9.658,571 7,902,131 Not from wareholl8e. . ............ 11,174,367 17, ~80,364 Shipped lll cars 'l:ld other land vehicles .... .. .... , .... . .•. . . .• 2,215,597 1,7~6,/JOO Shipped in American vessels..... 6,~77. iOl 8,:9'., . 700 Sbippedio foreign veaaell. ... . .. . .. . ... 11,840,237 •.•• •• 15,250,ffl • .Not eleewhore ~pecilled, ., t .11:xoept articlcu.1 specuted fn tho no,e to "Flu, and manufactures or. . THE MONEY -MARKET. QUOTATIONS, 1871-1878, The working of the money market during th e period At the Treasury D epa:rt ment a table has been prepared from 1866 to 1878 forms one of the most important .showing the amount of S tate bank circulation, nation.al ehapters in the financial hist9ry of those eventful years. bank circulation, and U. S. G Jvernment notes outstandBeginning with January, 1866, the opening· of the fi rst ing at the close of each fiscal year ( ending June 3-0)-, from year after the end of the war, we find that there were 18&0 to 187 S inclusive. No mention is m ade of the coin then outstandh:1g $426,231,390 in U. S. leg.al tender in eirculation, but it is estimated that the amount of gold 11otes, and $Z 13,239,5-30 in national bank not es, The and silver in circulation in 1860 was about $.200,000,000'. fnU amount of $300,000,00 0 in national currency, On the 1st of January, 1879, at the d ate of resumption, authorized by the act of Jun e&, 186-4, was issued by the th er e was in circulation $686,580,841 of paper money,. close of 1867. Daring the two y ears 186& and 18-67 including fractional currency, $5,000,000 (estimated) the contraction in legal tender notes was made by in silver t ,rade- doUars,. abeut $20,000,000 in new legal Secretary McCulloch, which is often 1·eferred to as the tender do1lars, and $39,931,95-7 in sub1-idiary silver coin,. main -cause 9f all t 11e financial difficulties which culmin- i to which must be added all the gold coin which became ated in the crisis of September, 1873~ If the con traction part of the circulating medium the mome0t that legal of legal tenders was the main cause of :financial distress, ' t ender notes became redeemable in gold. ,..rhe paper the greatest pressure in the money market should appar- ' m oney circulation alone amounted to $086,580,841 on ently have occurred in the years 1866, 186 7 and 1868. the 1st of January, 18-79, against $207,.102,477 on But it appears that t,here was no g reat pressure in those June 30, 1860. years, and only in exception al inBtances were the rates To make the table below more intelligible rt will be for money higher than 6@7 per cent. The fact is indis- well to keep in mind the several acts of Congress affectpntable that the contraction took place in 1866 and 1867, ing the currency, and the dates at which they respecand the frightful pressure in the money markP-t beg an tively went into effect. The national bank act of June 3, four years later--a.bout October, 187 !- an 1 continued 1864, authorized the issue of $300,000,000 national bank with little intermission for nearly two years, ti ll the · currency, and r equired banks in redemption cities to bubble burst in September, 1873. keep reserves of 25 per cent of deposits and circulation, After the immediate influences of the fin ancial panic an d other banks 15 per cent; the act of July 12, 1870, of 1873 had passed away, the money market 1·elaxed, and authorized iss :i e of $54,0'00,000 additional circul atio n; the ease which prevailed in the New York mark et, with the act of June, 20, 1874, abolished reserve on circulafew interruptions 1 from January 1, 1874, to J anuary 1, tiofl, required 5 per cent deposit at Washington to 1879, was a feature quite unprecedented. This-remark_ redeem circulation, and authorized withd Yawal of bank able change in monetary affairs,. without any mate-rial notes on deposit, of legal tenders; the act of Janu ary 14, change in the volume of circulatiing medium, is g enerally 1875, rep ealed all limit to bank airculation, and authol'attributed to the collapse which took place in new busi- ized tancellation of 80 per cent of greenbacks for new ness enterprises, particularly in railroad building, and to circulation is"ued. Also authorize 1 purchase and issue the smaller demand for currency t o use for such purposes. of silve•· in place of fractional cul'rency,. and fixed the The stringency in money during 1872 and 1873 followed first of January, 1879, for redemption of green backs in closely upon the great activity in railroad construction coin ; the act of F ebrnary, 28, 1878, directed the coin age from J 870 to 1873. In 1870 new railroads were built to of silver legal-tender dollars to the amount of $2,000,000 the extent of 6,070 miles; in 1871 th e maximum was . to $4,000,000 per month; the act of May 3, 1878, proreaclled of 7,608 mile~, and in 1872, 5,720' miles were built. hi:bited the further r etirement of greenbacks. BTATE~ENT SHOWIN G THE AMO UNT OF' ST ATE, NAT IO N AL- BANK. AND UNI TED s ·r AT E'S N0'1'1£S, &C., OU1'3'rAN D .li KG A'l~ 'l'HE CLOSE OF E ACII F ISCAL Y EAR F ROM 1860 '1 '0 1878, I N CLUS IVE.. Yea.rs. 1860 . ... . 1 861 __ ., _ 1 8 tl2 . .... 1 8 63 · ··· 1 864 -· ··· 1 8 65 ..... 1 866 -···· 1867 -- -·· 1868 ...• . 1869 -·-·· 187 0 . .... 1871 . .... 1872 ···· · 1873 ··- ·· 1874 -···· 1875 ..• .. 1876 . .... 1877 ···-· 1878 · ···· State Bank Circulation. Na tional B a nk Circulation. Compound inU.S·.De mand Ono and t wo- tm·est notes n otes, Ac ts L egal Tender year note;; (5 (6 %inte rest), F raction al ~ o,t es. July 17 a n d % iut .) , Act of Aet Ma rch 3-, Curren cy. Aug . i:i, '61. Mar ch 3 , ' 63. '63, a nd June 3 0,' 64. $ $ $ $ $ 207,102,477 .... ...... ···· ·· · ··-·· .. ..... ... ........ . .. ... ---. . -. ... . .... . .. 202,005,767 ..... ... ....... 53,o,faooo 1 83,792,079 ·· ·· ·--·---············ . ... . .... .... .... 3,351 ,019 297 ,767,114 89 238 ,677,Z18 ,879,475 31,235 ,270 179,157,717 7 80,999 431, 178',670 ' 1 53 ,471 ,45 0 4 7 2 ,603 43-2, 697,966 142,919,638 1 46,137,860 42,338,710 19,9 96,163 2 1,479,903 2 72, 1 62 400,61 9,206 3 ,454,230 4,484,11 2 298,62 f) ,379 20 ,412 3 71,783 ,597 ,1 ,1 23 ,63 0 3 ,163,771 299,762, 855 1 4 1,723 3 56, 000,000' 555,492 2,558,874 299,929, 62-1 123,7 39 3 56 ,0 0 0 ,000 34 7,77 2 2,222 ,793 2 99,766,98 4 106,25 6 3f>6,0 00,000 2 48,272 1 ,968 ,058 318 ,261 ,24 1 9 6,50 5 356,00 0,000 198 ,5-7 2 1,700,935 337,664,795 88,29 6 3 57 ,5 00,000 167,522 1,294,470 347, 267,06 1 7 9,967 3 56,000,000 142,105 1 ,009,0 21 3 5 1,981,0 32 1 27 ,6 25 76, 7321"82,000,000 70,107 ll75,771 ,580 7 8 6 ,84 4 3 54,408,008 113 ,375 658 ,938 332,998.::rn 6 6 6,9 17 3 6 9,772,284 104 ,705 521,611 317,048 ,87 2 6 3,962 3 fJ9 ,764 ,332 9 5,7 25 4 26.504 324,514 .284 6 2,297 3-16 ,681 ,0 16 90,.18 5 https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis g6,6zo:ooo $ ····· ···- --- --- $ ---- ------ ·- -·.,, ---·-·· ... . ...... ..· . ..... ........ 15,000,000 193,756,08 0 159,0 12,14 0 122,394,4 0 2 8 ,1 61,810 2 ,871 ,410 2,1 5 2,9 10 768,50 0 5 9 3 ,520 4 79,400 4 1 5 ,210 3 6 7,390 328,7 60 2 96,630 27 4 .9 20 22 ,89 4,877 25 ,005,828 27 ,0 70 ,87 6 28 ,307,523 3 2 ,62 6 ,9-5 1 3 2, 114, 637 3 9,878 ,684 4 0 ,582,8 74 40,855 ,835 44,799,3 65 45,R Sl ,29 5 42,1 2 9,4 24 34 ,446,5H5 20,403, 137 Hi, 517.768 --- -- -·--.. . ... ..... . . . ... 20,192,456 Total. $, 207,102,47 7 202,005,767 3 33,45-2,01 9 64 9 ,867, 282 833,718, 9 8 4 9 83 ,318,68) 8 91,904,685 826,927,153 7 20 ,412,602 69 3,94 ti, 056 700,375,8 99 717,87 5 ,75 1 7B8 ,570,903 7 50,0 62, 368 7 8 1,4 90,91 6 773,6 46 ,728 738, 376,53 5 698,194,269 688,597,275 Valn e of paper Value o:I' dollar in currenoy in coin, gold. Juty 1. $ $ .... . ... . .. ., ..... ...... . . .. --- --0 86.6 28. ·,769:500 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 7 6 .6 . 497 ,7 ~8 .338 3 8. 7 3 2 2 ,649 ,246 70.4 692,256,35 4 588,6 57,092 66 71.7 5 9 2,9 06 ,769 7 0 .1 50 5, 009,23'1 73 ,5 5 10,050, 351 85.6 59 9,52 1,7 69 638,909 ,4 18 89 8 7.5 646,249 ,54<, 86.4 6 48,0 53.886 711,1 56,73 3 91 87.2 674, 61 9 ,347 89. 5 6 60,846,999 9 4.7 6 61 ,1 8 9 ,973 !}!).4 G8 4A6 :'i ,.69l THE .MONEY MARKET. 21 • 1S71. Week ending Friday6.•.•• " 13...... . " 20. . .... . " 27 ..... .. Feb. 3 . ••••. " 10...... . " 17..... . .. 24 . .... . .Tan. Call Loans. 7 @ }.(p.d 6 @7 6 @ 7 g. 5 @ 7 4 @ 6 4 4 4 ca •••• ®···· @ . • •• Mch. 3 3 @ 4 10...... . 4 @ 5 "' 17..... . . 4 @ 5 4 @ 5 4 @ 5 April 7 ..... . 5 @ 7 ., 14 .. . ... . .... @6 .• 21. .... . 5 @ 7 " 28.. •• . 4 @ 6 May 5...... . 4 @ 6 ,. 12. .... . 3 @ 6 " 19..... .. 3 @5 " 26 ...... . 3 @5 .Tune 2...... . 2 @4 " 9.... . •. 2 @ 4 " 16.... . . 2 @3 " 2:3 ...... . 2 @ 5 •, 30. .. 2 ® 4 :: ~::::::: Prime Paper. 7 @7¼ 7 @ .... 7 @ 8 7 @8 6,½@ 7 6 @7 6 @ 7 6 @ 7 6 @ 6¼ ~¾@ 6¾ 6 @ 6½ 6 @ 6,½ 6 @ 6½ 6½@7 6,½@ 7 6¾@7 6 @ 7 5¼@6].{ 5¼@ 6½ 5 @ 6 4¼@5 4½@5 4½@ 5 4,½@ 5 4,½'@ 5¼ 4,½@ 5½ Week ending FrhlayJuly 7....... " 14....... •• 21...... " 28..... . Aug. 4....... " 11. ...... " 18.. . . . . . " 25....... Se,vt. 1...._.· _·.· _· 8 " 15... .... " 22 ....... " 29....... Oct. 6. . . • . . . " 13....... " 20....... " 27 ....... Nov. 3 ...• . . . " 10..... .. " 17..... . . " 24. . . . . D~?· 1. .•••.. 8.... . . . " 15....... " " Call Loans. 2 @ 4 2 @ 4 2 @ 4 2 @ 4 2 @ 3 2½@ 3 2 @ 3 2 @ 3 ·2 @ 3 3 @.... 3 @.... 6 @ 7 5 @ 7 5 @ 7 6 @ 7 g. 7 @ 7 g. 7 @ 7 g. 7 @ 7 g. 6 @ 7 g. 6 ~ 7 5 @ 7 6 @. 7 g. Prime Paper. 4 @ 5 4 @ 5 4½@ 5; 4¼@ 5 431 ,a, 5; , 4,½@ 6 5 @ 5' 5 @ 5;-, No prict 5,½@ 6 5,½@ 6, -: 7 @ 7 @ 7;, 7 @ 7; No price No price 9 @ 12 9 @12 9 @,12 8 @12 7¼@ S 7½@ 8 7,½@ S½ No price. 5 @ 7 6 @ 7 g. 22, . . . 7 @ Ya p.d 9 @,12 29...... . 7 @ ¼ p.d 10 @12 Call Weekending Loans. Friday2 @ 5 iJan. 8.... .. " 15...... . 2 @ 3 2 @ 3 " 2~ .• " 29 •..•. . . 2 @ 3 Feb. 5...... . 2 @3 " 12••.•.•. 2 @ 3 " 19•••••.. 2 @3 " 26.... . .. 2 @ 3 Mch. 5...... . 3 @4 " 12...... . 3 @ 6 " 19.. .... . 2½@5 " 26 .. .... . 2¼@4¼ 3 @ 6 AJ?fil 3 @ 6 " 16.••. •.. 2 @5 .. 2-3•.•• ' •. 2 @4 " 80.. .. . . . 2 @ 4 May 7...... . 2¼@4 " 14...... . 2,½@ 3,½' " 21. .... .. 1,½@ 3 " 28...•... 2 @3 June 4 ...... . 2 @ 3 . , 11 .... .. 2 @ 3 " 18.. ... . 2 @2¼ .. 25 ..• . .. 2 @2½ July 2. . . . .. 2 @2½ L.::· 4¾@6 4 @ ..•• 4 @ 6 4 Week ending Friday.Tan. 5. " 12...... . " 19 ...•.. " 26 . .... . F~?· 2...... . 9.. . ... . " 16. .• 23 .... .. . Mch. 1. .... .. " 8...... . 0 1G . . . . " 22•••.••• ., 29 ..... .. April 5...... . " 12..... . ., 19..... . . ., 26 . . . . . May 3. " 10 . ..... . " 17...... . " 24...... . to,' ~1 . . ..• . . June 7...... '. " 14...... . " 21. ..... . ....._" 28... . 5½@6¾ 5¼@6¾ 5,½@ 6¼ 5,½@ 6¾ 4¾~ 5,¾ 4 @5¼ 4 @5 4 @5¾ 0 " ~--··· .. Nov. " " " Dec. ., " " " 5... . . . . 12...... . 19...... . 26 . . .... . ::" 29it::::'. ..... . 4 @ 4¾ 3½@6 4 @ 6 4 @5 4 @ 5 4 @4½ 4 @5 3 ...... . 10..... . 17..... . 24.... .. 31 ... . . . Call Loans. @ 3 2 @2¾ 2 @ ... 1½@5 1¾@ 2¼ 1½@2¼ l ½@ 3 1 ½@2 !>\S' 1½@2¾ 1½ @ 3 2 @ 3 2 @3 2 @3 2½® 4 2 @4 3 @4 2 @ 5 2 @ 6 3 @ 5 3 @ 5 3 @ 5 3 @ 7 3 @ 5 4 @ 6 4 @7g. 3 @ 7g. Prime Poper. 4 @ 5 2 4 @4¾ 4 @4¼ 4 @4¼ 3½(.a) 5 4½@5¼ 4½@ 51/, 4¼@ 6 5 @ 6 5 @ 6 5½@ 6 5½@7 5,½i 7 5½ 7 5½@ 7 6 @ 7 6 @ti¼ 6 @7 6 @ 7 6 @ 7 5¼@7 6 @ .... ti @ 7 6 @ 7 6,¼@ 7 ti,½@7½ ts76. Week ending I FridayJuly 5....... 3 " 12....... 3 " 19. . -. • . . 3 " 26....... 2 Aug. 2.... . . 3 " 9....... 2 ,, 16....... :.! " 23 ....... 4 " 30....... 3 Sept. 6.... . . . 4 " 13.... .. 4 " 20....... 3 " 21..... .. • 3 Oct. 4 ....... 6 11....... 3 " 18....... 3 ·• 211..... .. 4 Nov. 1. ...... 5 " 8.. . .. .. 4 7 " 15.. .. :: :t::::: @ 6 4,½@ 6 5 @6 4 @ 6 5 @6¼ 5 @ 7 5¾@ 6 1s,2. Call Prime Loans. Paper. 7 @ 3-16 10 @12 4 @ 7 1-32 8 @10 4 @ 7 g. 7 @ 8 5 @ 7 7 @ ..•• 5 @ 7 g. 7 @ . ••• 4 ® '7 g. 7 @ .. 5 @ 7 7,½@ 8 6 @ ,1/ap .d 7½@ 8 7 @1-lt.p.d 7,½@. 8 6 @ 7 1-32 7 @ 8 7 @ 7 1-Hi 8 @10 4 @ 7 1-16 8 @10 6 @ 7 1-16 8 @10 7 @ ¼ 8 @10 7@¾ 8@10 6 ® 1 -32 8 @10 4 @ 7 g. R @ 8¼ 6 @H>'2 7 @8 6 @ 1-32 7 @ 8 5 @ 7 g. 7 @ 7¼ 4 @ 'i .. .. @7 4 @ 6 6½@ 7 4 @ 6 6 @ . ... 4 @ 6 6 @ 6¼ 3 @ 5 5,½'@ 6 3 @ 5 5½@ 6¾ Week ending FridayJuly 9... .. .. .• 16. .... . . . , 23. ..... . " 30 .. . . . .. Aug. 6.... . .. ,. 13•...... ' 20 ... . . . ,. 27.... . . . Sept. 8...... . " 10.... . " 17. .... .. ,. -24..... . . Oct. 1 ..... .. Prime Paper. 5¼@ 6 g Call Prime Loans. Paper. @ 5 5½@ 6¾ @ 5 6,½@ 7 @ 4 6 @ 7 @ 3 5½@ 6½ @ 5 6½@ 7 @ 4 6,½@ 7 @ 6 7 @ 7¾ @ 7 7 @ · \I @ 5 7¼@ 9 ® 6 8 @ 9 @ 6 8 @10 @ 7 g.1/e 10 @12 @,g.1-32 11 @12 @:·g. 1-32 12 @ ... @ 7 g. 10 @12 @ 7 9 @.) 10 @ 7 9 @12 @7a.1-16 10 @12 @ 7 g. 9 @12 @7g.1-1612 @ .... il~: 15 Dec. 6....... 7 @ 7 g.% :: ~3 7 @7g . l 32 .. o. ... . . 7 @ 7 g.¾ " 27. ... 7g.@ ¾ }: I··:: 10 @12 10 @12 9 @12 10 @12 C., 11 Week ending Frirlay. Loans. J an . 7 ...... . 5 @7g " 14 . .. . ... . 3 @ 7g. '' 2L . •• . •. . 4 (a 5 " 28 ..•••••. 4 @ 5 i'eb. 4 .... ... 3 @ 5 " 11 ..••• ••. 3 @,5 " 18 .....• 2 ® 4 3 @4 " 25 :M'ch 3 . ••• ••• 3 @ 4 " 1() ....... . 2¾@4 " 17. · ••··· . 3 @5 ,, 24 ... ... ,. 3 @5 3 @ 5 " 3l . .. . •. April 7 ...... . 3 @ 5 " 14 . ..... .. 3 @ 5 " 21 . .••.• . 3 ,::~ 4 " 28 .. • • •• . . 2¾@4 May 5 . ...... . 3 @4½ " 12 . .... . 3 @4 2½@ 4 2 @3 June 2 .. ..... . 2 @4 " !! ... .... . :.>. @3½ I( 16 •••, ••• l¾@ 3 " 23 ..••. .•• 1~@ 3 2 @4 " 3J. .. Prime PapPr. 6¾@ 7¾ 6 @ 7 5¼@7 5½@ 6¼ 5 @ 6 5 @ 5¾ 4½@ 5½ 5 @ 6 5 @6 4½@ 5>-i 5 @ 6 5 @ 6 5 @ 6 5 @ 6 5 @ 6 5 @ 6 5 @ 6 5 @ 6 4½@ 6 4½@5 4½@ 6 4 @ 5 Week en<i'g FridayJan. 5 .. .... " 1:L •... " 19 . . . .. • " 2ti .. . ... F eb. 2 . .... . Prime Weet, end'g Paper. Fridav5,½@ "¾ July ii ...... 5 @ 6¾ " 13 ...... 4½@ 6~ " 2n ; ..... 4,½ 11) 6¼ " 27 ..... 4½@ 5½ Ang. 3 ...... :: ~t::::::. 4 @ ti 4 @ 5 4 @ 6 4 @5 Wt·ek ending Call Friday. Loans. J ,1 Jy 7 .. ••.. . 2 @, 3 " 14 . ...••. 1½@ 2¼ 1¼@2 1,½(C.. 2¾ Aug. 4 .• •••••• l,½@ 2½ " 11 . .••.... 1 @2 1 @2 " 18., " 25 .. . ••.• 1 @ 2½ ~ept. 1. •••.•.. ·1 @ 2,½ ,, 8 . ...•••• 1 @ '2¼ " 15 .. .•.•. 1½@ 2¾ " 22 ....•••. 1½@2¾ " 2 :1. ...... . 1½@ 2,½ Oct. 6 .• •••••• 2 @ 4 ,, 13 . .• ••.. 2 <ct 3 :: ;~_::::::: Mo• < " '20 ' .•••• 3 · @4 " 27 ... .... . 2 @4 No_v. 3 .... . . . 3 @4 " 10, ..... . 3¾@ 5 " 17 ...... .. 3 @4 " 24 . ...•.•. 3 @4 D~f- 1.. .... .. 3 @ 6 8 ...... .. 3 @ 7 q 15 .... -~- 3 @5 " 22 .••. ·•• · 4 © 6 " 29 .. .... . . 5 @7 Prime P11per. @5 @ 4'i 3 @ 4 3 @4 3 @ 43 @4 3 @4 3 @4 3½@ 4¼ 4 @ 5 4 @ 5 4 @ 6 4½@ 5¼ 5 @ 6 5 @ 7 5 @ ti¾ 4 3 5 @ 6,lg 4 @ 6 5 @ 6 5 @ 6 5 @ 6 5 @6 5 @ 6 5¼@ 7 5¾@ 6¼ 5 @ 6~ 1813. Week ending FridayJ an. 3....... •· 10....... ,, 17.... . . . " 24. . . . . • " 31..... . . Feb. 7 .... . .. " 14. . . . . . " 21. ... . . " 28. . . . . . Mch. 7....... " 14.. ..... " 21... .. " 28....... April 4... . . . " 11. ....•. " 18.... .. . •• 25 ...... . May 2... . . . . 9... .. . . ,. " 16.. . . . . . "23 ...... ., June ., " " 29....... 6 .. .. .. t:'I ••••••. 20..... . . 2?..... . Call Prime Loans. Paper. 7 @¼ p.d. 9 @12 5 @1-16p.d 8 @12 6 @ 7 8 @10 4 @ 7g. 8 @10 6 @1 32p.d 8 @ 9 7 @t-32p.d 7¼@ 8¼ 7 @1-32p.d 8 @ 9 3 @½ p.d. 9 @11 7g.@1-16p.d .... @ ... 7 @½ p.d. 9 @10 7 @1-11.p.d 9 @10 7 {(tl-J6p.d 9 @ 12 7g.@1-16p.d 10 @12 7g.@¾ p.d. Nominal. 1-M®¾ p.d. I~ @ ... . 7 @¾ p.d. 12 @ ... . 7 m1 -ltip.d 10 @12 7 @.¼' p.d. 9 @12 5 @ 7g. 8 @10 4 @ 7g. 8 @ 9 4@7 7@9 4 @ 7g. 7 @ 7½ 4 @ 6 7 @ 7½ 3 @ 6 6½@ 7 4 @ 7 6½@ 7 3 @ 5 6¾@ 7 Week ending FridnyJuly 3. .. . . . . " 11.. ..... " 1~.. . ... . " 25... . . . . A~.g. 1._ ..........._ 8 " 1:,,. . . . . Cull Prima Loans. Paper. 4 @ 5 . 6 @ 7 3 @4 5,½@7 3 @ 5 5,¾@ . ... 3 @. 4,½ 6,½@ 7,½' 3 @ 4 6 @ 7 ... @ . . •• 3 @4 2,½@ 5 7 @ 8 " 2·}... . . .. 3 @ 7 6¾@ 7 7,½@ 8 ,; 29... . ... 4 @ 7g. ~ept. 5... ... . 4 @ l-16p.d · .... @ .. . •· 12...... . 5 @1 32p.d ... . @ .• . " 19...... 5 @l,½p.d. •• . @ .... " 26. . ..... .. @... . ... @ . .• O~~· 3.. . . . . 7 @Ya p.d. 15 @18 lll.. ..... 7 @¾ p.d. 12 @24 '' 17... .... 7 @),.( p.d. 15 @18 •· 24. . ... .. 7 @1-32p.d·,15 @18 " 31. ...... 7 @¾ p.d ..... @ .• . . Nov. 7. . .... 6 @1-32p .d .... @ .... 14. . .. • . 5 @l-3~p.d 12 @18 '' 21 •... •. . 6 @l-16p. d 10 @ 18 " 28....... 6 @l -32p.d 10 @ 5 Dec. 5 ...... 5 @1 ·32p.d 9 (r/.\ 12 " 12...... . 5 @ 7 9 @12 " 19... .. .. 6 @l-16p.d 9 @ i2 " 26.... . . 5 @ 7 8 @!O " call Loans. 6 @ 7 g.* 4 @ 7 4 @ 5 4 @ ••• 3 @ 4 9 .. ... . 3 @ 4 " 16 ...... " 2l. ..... Mar. 2 .•••• " 9 . . .... ·' lli. ..... " 23 ...... " 30..... April 6 ..... ., 13.... . " .w ...... " 1>1uy ., " " June .. ·• " 27 . . • .. 4..... 11. ••••• 18 ...... 25 ..... 1. • • ••• 8 ..... 15 ...... 22 ...... 2,½((A 2;1,@ 2½@ 1½ @ 2 @ 2 @ 2 @ 2.½@ 2 @ 2 @ 2 @ 2 @ 2 @ 2 @ l ,½(C() l½ @ 1 @, 1 Q; l @ 4 4· 4 .! 4 7 3 fi 7 4 4 3 3¾ 3 3 3 3 l,½' 2¾ !a!9.. ! 0.1 2 l-v:. p t: r c..11..1n. Pr me Paper. 3½® 4¼ 3_½@4¾ 3,½@ 4Jt' 3.l!,@ 4¾ 4¾® 6 ,. lU ...... 2 @ 4 5 @ Ii 4 @ 5 " 17 ..... 2 @ 3 4,¼@ 6¼ 4 @ 1 4 @ 5 " 24 ...... 2 @ 5 4 ® 15 " 31 ...... 3 @ 5 5¾<i~ 7 t@5 Sept.7 ...... 2½@5 5½@7 6 @7 4 @ 5 •· 14 ...... 3 @ 5 3,½@ 5 " ~1.. .• .. 3 @ 6 5¼@ 7 6 @ 7 4 CW 5 " 2~ ...... 3 @ 7 6 @ 8 4 @ 5 O~f· 5 ...... 4 @ 7 4 @ 5 12 ...... 5 @ 7'@7 g. 6½@ 8 7 @8 8½@ 5 " 1\1 .. . ... 5 @ 7* 3½@ 5 " 2ti. • .. • • 6 @ 7 7 ® 8 ::S½@ 5 Nov. 2 ...... 5 lf.t, 7 6@6½@ 7¼ 8,½@ 4¼ ., 9 .••.•• 5 @ 7 6 @ 7 6 @ 8 3½® 4,¾ " 16 .•.... 4 @ 6 3 @ 4½ " l(3 ..... . 4 @ 6 5¾@ 6¼ 3½@ 4¾ " 3ll •• •• . • 4 @ 7 5 @ 6¼ 5 @ ti 3½@ 4½ D~f· 7 •••••• 5 @ 7 g. 3½ @ 4½ 14 •••••• 4 @ 6 5 @6¾ 5 @ ti 3,½@ 4.½' " '21. ..... ·5 @ 4 @ 5 --------------·• Call Loans. 1 @ 2 1½(~ 2 I,½@ 2 1,½@ 2¼ 2 @ 6 " "11 1 i.,; " .,q •••. 5 rm ,* ,·* f, @ 6¼ .. J:..icv 18'4. Week end'g Friday. .ra.~•y 2 ........ !:I ....... . " 16........ " 23 ...... .. " 30........ Fcb'y 6 ... . .... :3 . . .. .... " 0 .. . . .. . . '' 27 ........ M ch. 6 ........ " 13 . ....... :: !- Call Loans. 6 @ 1-32 5 @ 7 5 @ 7 5 @ 6 3 @ 6 3 @ 6 3 ®® 5 3 5 3 @5 3 @ 5 a @4 :: ~L::: ::: i April 3 . ....... o " " " M~;, ~~ @t, 10 ........ 3 @ 4½ 17 ........ 3 @5 2-L ....... 3 @ 7 1.. ..... 3 @ 5 ?:::: :::: ~ i! Prime Week end'g Paper. Friday. 8 @ !J July 10........ 7 @ 9 ·• 17.. ... 7 @ 8 " 24.... . . . ti~.@ s " :::1. ...... . o @8 Aug. 7.... . . . . 6 @ 7 " 14 .... . . .. 5½® 6½ .. ~1... 5½@ 6 " 23 ... ..... 5½@6 Sept. 4 . . ...... 5 @ ti½ ,. 11 5½@6 \ " 18 :::::::: 2 :5½@7 Ii !o~~ .. t :::::: I " 5 ½i @ 7 l " Hi 5½@ 6 " 23:: ::::: : 6 @ 1 c, @ 7 g ii Call Loans. 2 @ 3 2 @ 3 2 @ 3 3 @ 3 2 @ 3 2 @ 3 2 ® 3 2 @ 3 2 @3 2 @ 3 2 @3 ~½i~½ !L ....... 2½@3 2½@ 4 )%@4 " 30 ........ 2 @ 3 Nov. 6 ....... . 2 @ 3 I '.'. k~ ...... ·· ! Prime Paptr. ·. .. · 5_ _ @@ (< 0 ... @ 5 5 @ 6 5 @ 6 5 @ 6 5 ® 6 4½@ 6 6½@7¼ 6½@ ~½ 5½@ 6½ w;e\ ending Janr.1 Aa_y- • " " 11.... •• . ' 1s... ' 25..... •. FPb. 1... • Call Lrans. 7 6 5 4 4 t:i ............. ! 1 2~. .. . 2L ..... . June 5 ....... . " 12 . .. ... https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis @ 6 ®cai ~ '2'L .•... 4 @ · 5 M ch. 1. . . ... . 4 ~ 5 1 .' 8 ...... 4 ('lt5 1 :rime aper. 5 @ 7 f> @ 7 5 @ o¾ 5 @ 6¼ 5 @ 6½ ~ ~ ~¾ 4½'@5 4¾~ 6 4½@6 ti~½ j :·' it:··: ! i~ 5½@7 29 .... ... 4 @6 !~ig½ 4½@5~ 5½@ 7 ' A!1ril 5 ...... r, @5½ 12.. 5 @ 0 l!l. .... 5 @ 0 2-i . ...... -l,½@ & ~ ~ i½ 6 @1-32 p.d . 5 @7 4 ((1) 6 4 @ 6 M~y 16::::.:: g i ~½i 2 @4 5 @6 ' De"c. 21:_:_:_:_:_:_:_._ 2 @3½ 5 @ ti½ 17 . .. .. . . ., 2 @ •i 4¼'.@ 6 3 @5 5½@6½ ' 24 .. .... 2 4 2 @ 3 4½@ 6 " 11. . . . . . . 2 @ 4 5½@ ti 31. . ..... 2 2 @ 3 5 @ G " 18 ........ 3 @ 5 6 @ fi}!i J~,oe 7. .. 2 " 1\1 .•• .• . 2 @ 3 5 @ G " 24.. . . ... . 2 @ 4 5½@ 6 14... 2 " 26.... .... 2 @ 3 5 @ 6 i " 31........ 3 @ 7 6 @ 6¼ . 21. .. . .. 2 Jnly 3 . ... . . l 2½@_ri_ _fl........:@. :::._7_..:___ _ _ _ _ _ _ _ __.:_____ __28_._·_·_·._._· _l_ :: " @ ¼' p.d. @ 7 ~ 1 ,~ 6 ~ 5 @6 5 @ 6 5 (,'I, 5½ ! I~~ Wie1:cd ending r1 ayJuly 5... ... ,, 12. •. . . . . " 19 .. . " 26...... Aug. 2 ...... . :: 1 C L Jtrlme a11 oans. i-:~@pe~ 1 @ 2¾ ,,, 1 @ 2¼ 3,¾@ 4 1 @ 2,,; ®@ ~ 1 @ 2¾ ., "' 1 @ 2,½' @® ~~ ® 4 3• 71 "2:-l ..... . . 1 @3 L®@5 4 " SO...... l @ 2}i< o,,, Sept. o... ... 1 @2¼ 2 gi t ..... I :: ~L:···· 2~~Jgf "27 ... . .. (o). 4 Oct. 4... . .. "11. . ... .. " 18..... . " 25 ....... 3 @ 5 4 @;7 4 @ 7 4 @ 6 L:···· ! N;:v. 4 1 @5¼ "15 ...... @4 :1~@5 '' 22 ....... t'itl 4 3~~ 4 j " 29... .• 3 ,.., , 4 ,., @ '• De.c. 6 .. . . . @ :cl~ 3½!?o 4¼ " '3. .. . . <r.o 3 3)~ 0 ; 4 ., 20.... .. G-?.("_::1 _ _ __ _11_@ _1_ _ _ '·_2_1_.._._·._ ~~ ! ! i~ 4 i 5 4 -w 6 4¼@ ti 4,½@6 r e: ®@~ @ 5 6 5 @ fi 3 @4 4¼@fi 3 @5 4½@5'i 2¼@ 4 ,( <a. 5¾ 2½@ 6 4 ® 5¼ 2½-W 4 4 @ 5½ ~ @ 7 5 mi fi _4_@_6_ _ 4_¼_ ® ~6- ,. MOVEMENTS OF GOLD AND SILVER. UNITED STATES AND EUROPE. PRODUCTION AND STOCK. r1 This statement, it must be remembered, is for the With reforence to the United States production and fiscal year, and the previous ones are for the cal• stock of gold and silver, and present condition of gold endar year. Much of the discrepancy between them Reserves in the World, we have prepared the following. could be reconciled by making allowance for that fact; for it is an undoubted truth that prodnction has of late UNITED STA.TE::! PH.onuc·r10N AND STOCK. h t • d d d f or t h e nex t t wel ve . mont s ma ena 11 y ecrease an With the 1st of January, Messrs. Wells, Fargo & Co. th · -k l f th t d · g1vrng · · · Jd o f • • . . mon s 1s 11 e y ur er o ecrease, a yie ISsued their annual statement of produ ction. It 1s for 1. go ld no t mnc h rn · excess o f <1!1~ 3 a, ~ smg, h ow• 000 , 000 . the calendar year, and is as follows, with the previous .1 ever, Dr. Linderman's figures for the last four years, and year added for comparison. ~ giving the results of Professor Raymond;formerly Com• Location. Year e nd ing December 31. ~ missioner of Mining, for previous years, we have the 1878 · · 1877· _ _ _ _ _ _ _ _ _ _ _ _ __ following statement of the yield of gold and silver since 1 California ........................... . $18,920,461 $18,174,716 1859. Nevada .............................. . 35,181.949 51,580,290 1,213,7241,191,997 PRODUOTION OF GOLD .A.ND SILVER l>JNOJJ: 1859. 73,311 92,226 Idaho .. .......................... ... . 1,1368,122 1,832,495 Moutana ................•..... _..... . 9,763,640 2,644,912 · Gold. Silver. Total. Utah ................................ . 6,064,613 8,113,755 Colorado ... .... . .................... . 6,232,747 7,913,549 1859-1874, Raymond ... $677,927,092 $215,651,114 $893,578,206 NewMexico ......................... . 450,813 309,010 li375, Mint . . ............ 42,000,000 77,703,413 35,703,413 Arizona .. .... . .. ... ................. . 2,287,983 2,388,622 1876, " 46,850,000 85,350,000 38,500,000 ··-··--· Dakota ....... . ...................... . 1,500,000 1877, " -··-·· 2,215,804 45,100,000 84,050,000 38,950,000 ···· --· --···:Mexico (west coast) ........ _... _.... . l,594,995 1,432,992 1878, " ........... ---47,226,107 46,726,314 93,952,42} British Columhia ......... __ .. ..... _. 1,283,460 1,771,190 Total aiuce 1860 . _.. $859,103,199 $375,530,841 $1,234,634,040 Total gold, ail ver and lead ..... . $81,154,622 $98,421,754 Gold.................................. $38,956,231 $46.129,547 Turning now to the export m ovement of the precious Silver ............ ··-··········--····· 38,746,39l 47,206,91'>7 Lead................. . ............... 3,452,000 5,085,250 metals, we have the following results. We give here Total, as above . . . . .. ..... ... . .. $81,154,622 $98,421,754 only the totals • for the entire period, the full table This shows a decrease of $17,267,132 this year in the being inserted further on. total production; and the same authorities estimate that Exported. Total the yield for 1879 will "not greatly exceed $70,000,000." From 1859 to 1878Imported. Domestic. Foreign. T heir totals for previous years are as follows. Total. I Products, Net Product of the Unit<-1d States and Territories Gold coin ... $638,721,716 $58,713,695 $697,4.28,511 '$191,569,160 217,317,925 368,553 217,686,478 j 25,248,135 Gold bullion including west of the Missouri River. Year. British Total gold $856,039,641 $59,082,248 $915,121,889 $216,817,295 Columbia I aud Mexico. Lead. Silver. Gold. Total. $iil,380,853 $95,548,051 $146,928,904 $118,736,855 Silver coin .. --215,727,866 1,811,281) 217,539,155 : 18,559,190 1870 .... $54,000,000 $1,080,000 $17,320,000 $33,750,000 $52,150.000 Silver ,bul'n. 1871 .... 58,284,000 2,100,000 19,286,000 34,398,000 55,084,000 1872 . ... 62,236,950 2,250,000 19,924,4.29 38,109,395 60,351,824 Total silver $267,108,719 $97,359,341) $364,468,059 $137,296,045 1813 ··-· 72,258,693 3,,150,000 27,483,302 39,206,558 70,139,860 Total gold 1874 .... 74,401,045 3,800,000 29,699,122 38,466,488 71,905,610 1875 .... 80,889,057 5,100,000 32,605,230 39,968,194 76,703,433 and silver. $1,123,148,360 $156,441,588 $1,'279,589,048 $354, l 13,340 1876 ·-·· 90,875,103 5,040,000 39,292,924 42,8i36,935 87,210,859 1877 .. .. 98,421,754 5,085,250 45,846, 109 44,880,223 95,811,582 Using the figures for production since 1859, as given These · statements are all for the calendar year, and above, and the totals of exports and imports as here are generally received by bankers and others dealing stated, and adding an estimate for the last six months, most in the precious metals as quite accurate. The we have the folluwing net result : Mint figures, prepared by Dr. Linderman, should, however, be more reliable, as they are for the fiscal year Gold. Silver. Total. ending June 30, and are not issued until sometime after P roduction since 1859 ...... $859,103,199 $375,530,841 $1,234,634,040 in excess of imports the expiration of the year; hence there is time for fuller E• xports since 1859 ..... .. ......... 698,304,594 227,172,014 925,476,608 investigation before issue. The Mint returns for the Production in excess of net export s ................... $160,805,505 $148,358,827 $309,157,432 past three years have been as follows. ur · W!~i~it"on: :::·.:·.·.:::: :: ::: :: ::: :::: I 1877-78. Locality. Gold. Silver. Total. Total- 1876-77. Total, 1875-76. $ · $ $ $ $ California . . .. 15,260,679 2,373,389 17,634,068 16,000,000 18,077,500 Nevada ....... 19,546,513 2>3,130,350 47,676,863 44,000,000 41,725,000 Colorado ..... 3,366,.l04 5,394,940 8,76 1,344 7,500,000 7,292,000 Montana ..... 2,260,511 1,669,63~ 3,!)30,1·16 3,950,000 4,230,000 200,000 1,350,000 1,750,000 2,038,000 Idah o ........ 1,150,000 392,000 5,208,000 5,G00,000 5,425,000 5,850,000 Utah .......... 500,000 3,000,000 3,500,000 800,000 1,540,000 Arizona ..... 17ii,OOO 500,000 675,000 675,000 840,000 Newl\fexico .. 100,000 1,100,000 1,100,000 1,500,000 Oregon ....... 1,000,000 300,000 25,000 325,000 350,000 300,000 Washington .. Dalrnt:t ....... 3,000,~00 3,000,000 1,000,000 Lake Superior ·····-···- -· ···100:000 100,000 269,500 50,000 75,000 Virginia ...... ---·······-· 100,000 150,000 N ortll Car'lina ···150))00 ----·-·· · ··· 100,000 --- ···· · · ·· · 100,000 100,000 l ''l 0,000 Georgia .. ... .. 25,000 25,000 Other sources. 50,000 • 50,000 313,000 Estimate for Six l\fontlla, June-December, 1878Production ................. $19,000,000 Imports in excess of exports 1,000,000 19,000,000 2,000,000 $38,000,000 3,000,000 Total production in excess of exports ........... ... ... $180,805,505 $169,358,827 $350,157,432 General estimates put the stock of coin in the country in 1860 at about $200,000,000, of which about $100,000:000 were visible. This must have been all gold except the subsidiary currency. Starting then with the stock at that time, and adding th e increase of guld as shown above, we shall, after deducting the amount gone into manufacture, reach an approximate ---- - - Tot:tl ..... 47,226,107 46, 726,!'ll 4 93,952,421 84,050.000 85,Sf>0,000 estimate of the stock of gold now in the count.1:y. https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis z,ggg:888 ··--fr~o:ooo I .MOVEMENTS OF rJOLD AND SIL VER. The Mint rep0rt gives the gold coin and bullion in the country on June 30 at $244,353,390. A statement made up from the above figures would, as will be readily seen, leave a much larger total. But where is it all, is the usual inquiry; for the doubt implied in this question is very generally felt. A few days since we met a New Jersey farmer-by no means a wealthy • one,-and falling into conversation with him asked whether he had any gold. "Yes," he replied "a very little. In 1860 "I bad over fift~en hundred dollars, and kept it for "several years; but finally, when the premium began to " go down, I sold it all but one hundred and fourteen dollars. I have that yet." May there not be many other New Jersey farmers, and still more of some other States, with as large a sample ? THE WORLD'S GOLD SUPPLY AND DEMAND. This exhibit of the· production and stocks of the precious metals•in the United States suggests the more important question which we have often called attention to of late, and that is, the world's supply of gold and the increasing demand for it. The recent financial disturbance in Great Britain has served to bring out in strong light the exi sting condition of supply a nd dema nd . The simple facts are these. The Bank of England, which carries the reserves for Great Britain, found itself, at a time of great depression in trade-when its vaults ought to be full, if ever-so depleted, that the shock to credit produced by one bank failure in Scotland threw the whole nation into a state of semi-panic. A point to be remembered, and which gives a special emphasis to the 23 present semi-panic the country bad actually lost nearly $35,000,0Q0. In other words, instead of the constant large increase its arts and commerce have required in the past, there was at that date this surprising loss, together making in the 20 months a difference from average years ofUsual increase in 20 months at $24,800,000 per year ....... $41,200,000 Actual loss in 20 months. ~.................................... 35,000,000 Difference in supply from the average years from lb62 to 1 876 ....................... . ...........•. . ................... $76,200,000 The prompt inquiry is, what caused this remarkable change ? Such a r,~gular movement could OJ:?lY be checked and reversed by either a forced diversion or a partial exhaustion of ·supply. It appears that both of these causes have been operating~ We all know how Germany bas been absorbing gold in the place of its silver demonetized and thrown up on the market ; how all the banks of Europe by reason of the decline in silver have been engaged in a similar effort; and, in the same time, bow the United States, the main source of the world's supply, has been retaining its own production for resumption purp.ose·s. The London Economist, in a recent number, estimates the requirements for these purposes during late years as follows : New German gold money coined to December 31, 1878, .... £83,000,000 Old German geld currency in 1871. ..........•...•....•...•. 30,000,000 Minimum increase in Germany in seven years .......... £53,000,000 Making average per year for Germany (aboutL.. .. .... .... 7,000,000 Other Enropean banks increased gold in 10 years .......... £82,650,000 Making average per year by these banks.................... 8,265,000 United States accumulated in two years .................... £16,500,000 Averaged for seven years (about) ......... ······............. 2,400,000 illustration, is that since 1873 trade has been dead; that Fine arts per year . ........................ . ................... £2,000,000 the commercial demand for gold in the world has for Wear and tear,and other c©inage reforms, &c.,(say)peryear 1,800,000 some time been at the lowest possible ebb; and yet the To·recapitulate the above, the annual absorption, if disreserves of the banks were dangerously low. N@r is tributed through seven years, would be as follows : this the worst presentation of the condition. For while Germany per year .. .. ........................................ £7,600,000 the Bank of England was able to retain, by artificial ! Ot~er European banks per year............................. 8 ,265 ,000 Umted States per year....................................... 2,400,000 means, a fair reserve,,the actual supply of gold in the Fine arts...................................................... 2,000,000 country has been diminishing to a very considerable Other purposes .............................................. ·· 1 ,800,ooo ext·ent. This fact is indicated by the following stateTotal absorptio·n per year . . .................. : ....... . .... £22,065,000 ment, showing tlie imports and exports of gold into and This shows an average annual absorption for seven. from Great Britain since 1862. years of £22,065,000, or about $110,000,000. We are anEAT BRIT.ArN's 1J1Iron.Ts :irRoM .AND ExroRTs To ALL couNTn.rns. surprised that the Economist does not see the force of its ?wn figur~s. Can any one hesi~ate, _after reading them, GOLD. ·10 concludmg that mono-metalhsm 1s for Europe a most Year. Imports. Exports. Net Imports. I hazardous experiment, and may we not say almost an £19,903,704 1862 .... . ................. £16,011,!-l63 £3, 891,741 impossibility; for these are simply a part of the first results 1 8 63 ................... . .. 19,142,665 15,303,279 3,839,38 6 1 8 64 ...................... 16,900,951 13,279.739 3 ,621,212 of the effort. But we did not intend to discuss that sub14,48 5,570 8,493,332 5,992,238 1865 ············-········· 1866 ...................... 23,509,641 12,742,059 10,767,58 2 ject at this time. 15,800,159 7,889,030 7,911,129 1867 ···········-·········· Turning now to the world's production of gold, we have 1 8 68 ...................... 17,136,177 12,708 ,308 4,427, 8 69 1869 ...................... 13,770,812 8,473,699 5,297,113 1870 ...................... 18,1" 06,728 10,013,521 8,793,207 in the report of . the Select Committee on Depreciation 21,61 8 ,924 1871 ...................... 20,698,275 920,64 9 1 8 ,4 69,442 1872 ..................... . 19,748 ,916 *l,279,474 of Silver, 0rdered by the House of Commons in 1876, the 1873 ...................... 20,tHl,lo5 rn,on,220 1,539,945 1874 ...................... 18,08 1,019 10,641,636 7,439,38 3 material for probal>ly as accurate an estimate on this point 1875 ... . ..•..... . .•....... 23,140,834 1 8 ,648,296 4,49 2,538 23,475,975 16,515,74.8 6,960,227 as can be prepared. We take the statement given in their 1876 ..•........... ········ Total, 15 years ....... £284,853,766 £210,239,021 £74,614,74.5 report on page lo of the appendix, substituting, however, for the United States figures the estimated United States Per year, 1862 to 1876 . . £18,990,251 £14,015,935 £ 4 ,974,316 production maGle for the committee by the Director of .,. £4,909,461 1877, whole year ......... £15,451,925 £20,361,386 1 878, to Sept. 1. ......... 9,680,610 11,767,460 *2,08 6, 850 the Mint, Dr. Linderman, and found on page 138 of the Total, 20 months . . .. £25,132,535 £32,128,846 *£6,996,311 appendix. It is very erroneous to measure the gold pro · *Net exports. duction in this country by the domestic gold deposited We only bring these figures down to Septem1·Jer 1 of in our Mint, as is done by many European authorities, for this year, because since then there has been ~ change in onr silver bullion has in it, as is well known, a very large the current, under the influence of the distr1::ss which was proportion of gold, which was not included in those in part produced by the very condition here indicated. statements. The yield of the mines prepared annually, These figures develop the wonderful fact that during and with, we believe, great care, by the Director of the the 15 years ending with 1876 Great Britain accumula-1 Mint may, we think, be safely adopted. The statement. ted £74,614,745, or about $373,000,000, that is $24,800,- of production in the world since 1857 has been as fol000 annually, while during the 20 months preceding the lows: https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis MOVEMENTS OF GOLD AND SILVER. 24 'WORLD'S GOLD PRODUCTION BETWll:EN 1 Years. 2 Coinage of Sydney NetEx:ports l\imt, exfrom elusive of A.ustralia. M'll.Journe Mint after 1 872. £ 1857 ...... 1 8~8 ...... 1 859·- -··· 1860. - .... 1 861.. - .. . 11,329,000 11,419,000 11,640,000 10,186,000 10,916,000 £ 1 857 .A.ND 1875. 3 4 5 Product'n in the United States(Mint estimate). Production in Russia. T otal produetion i n world. £ £ £ 767,000 11,000,000 3,549,000 26,645,000 1,343,000 10,000,000 3,454,000 2 6,216,000 1,221,000 10,000,000 3 ,156,000 26,017,000 1,652,000 9,200,000 3,053,000 24,091,000 1,719,000 8,600,000 2,980,000 24,215,000 Tot.'57-61 55,490,000 6;702,000 48,800,000 16,192,000 127,184,000 1 862 ...... 10,4.55,000 2,478,000 7,840,000 2,990,000 1863 ..... . 11,468,000 1,535,000 8,000,000 2,9 8,000 1 864 ...... 9,025,000 2,699,000 9,200,000 2,862,000 1 865 ...... 9,533,000 2,272,000 10,645,000 3,227,000 9,618,000 2,911,000 10,700,000 3,397,000 1866 ...... 23,763,000 23,991,000 23,786,000 25,677,000 26,626,000 Tot.'62-66 50,099,000 11,895,000 46,385,000 15,464,000 123,843,000 1 867 ...... 8,783,000 2,401,000 10,345,000 3,377,000 24,906,000 1 868 ...... 9,351,000 2,319,000 9,600,000 3,50J,000 24,773,000 1869 . ... . . 10,382,000 1,279,090 9,900,000 4,108,000 25,669,000 1 870 ...... 8,237,000 1,220,000 10,000,000 4,414,000 23 ,871,000 1 871. ..... 7,605,000 2,814,000 8,700,000 4,913,000 24,032,000 Tot.'67-71 44,358,000 10,033,000 4.8,545,000 20,315,000 123,25] ,000 1872 ...... 1 873 ...... 1 874 ...... 1875 . ... .. - 7,591,000 9,359,000 "6,500,000 *6,!500,000 2,741,000 2,312,000 3,398 ,000 *3,000,000 7,200,000 7,200,000 8,000,000 8,000,000 4,771,000 *4,500,000 4,035,000 ~4,000,000 22,303,000 2 3,371,000 21,933,000 21,500,000 Tot.'72-75 29,950,000 11,4.51,000 30,400,000 17,306,000 89,107,000 Tot.19 yrs 179,897,000 40,081,000 174,130.000 69,277,000 463,385,000 * Estimated. [NoTE.-Tbe figures in column 1 were taken from the Statistical .Abstract for tbe Colonies; in column 2 from the Reports of t he Master of tbe Mint (United Kingdom); in column 3 from E timates of tbe DiTector United States Mint; and in column 4 from information supplied to the London Economist. .A. considerable part of the coinage of the Sydney Mint bas been exported; and the .Australian producdon would probably be more than the amounts in the first column, on the average of years, though less than the amounts in &olumns 1 and 2 together.J Many t::stimates of production add about $2,500,000 or £500,000 for "other countries"; we omit it, however. as it is but an estimate without any actual fact for a basis. rrhe foregoing shows that sin~e 1 871 there has been a considerable reduction in the yield. The annual average for the five years ending with 1871 was £24,810,000, or £124,000,000; whereas the annual average for the four years ending with 1875 was £22,277,000, or $111,000,000; compared with the years prior to 1861, the loss is cyen greater. Since 1875 our own production bas increased from two to seven million dollars, and hence if other countries may be estimated the same as in 1875 there has been a partial recovery. Bringing down, therefore, the totals for the periods above, and filling out the estimate for the later years in the manner indicated, we would have the following results. Total. Sterling. Dollars. Per year. Sterling. D ollars. 1857-Gl, five years .. 127,184,000 635,920,000 25,4.36,800 127,184,000 1 862-G6, five years .. 123,843,000 619,215,000 24,768,600 123,843,000 1 867-71, five years .. 123,251,000 616.255,000 24,650,500 123 ,251,000 1871-75,four years.. 89,107,000 445,535,000 22,276,750 111 ,383,750 1875-78, three years. 68,335,251 341,676,'255 22,778,417 113,892,085 There are several important and evident conclusions to be drawn from the above. First.-If all the commercial world is to be put upon a gold basis, the amount, of gold diverted for that purpose (which during the past seven years has averaged the total production) must be largely increaAed, until it far more than exceeds the production. Besides, each additional country adopting gold:wm ever after need a constant net supply, in addition to its wants for the arts, equal to the amount representing wear and tear of coinage, &c. Second.-Tbe drain on Great Britain during the twenty months ending . fSept. 1, 1878, cannot be continned; that country cannot sustain the drain, and therefore cannot supply any pi>rtion of the demand; on the contrary, its commerce and arts require it 'to accumulate gold rather than lose it. In estimating, therefore, the requirements for the next ten years, we m_ust allow a considerable item for the absorption of Great Britain. 'fhird.-As to supply, the present prospe~t is that the https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis United States quota will fall off somew at during com .. ing years; how it will be with other countries we have no means for judging, but it is fair to estimate that the total annual world's production will not exceed about $110,000,000. Fourth.-Finally, and from the above, does it not appear that there must be a constant contest among European nations for possession of the annual gold supply, keeping trade in Europe disturbed and depressed so long as this change to a gold currency is in process? France bas a surplm~, which would become available if that nation should und~r the pressure grow into the adoption of the modern substitutes. THE WORLD'S SILVER SUPPLY. Turning next to the silver production, we of course find a very considerable increase dui-ing the last eight years, but not sufficient to have exerted any influence on the relative prices of gold and silver if other causes had not been in operation. Below we give a statement showing the world's production each year since 1857 with the sources of supply. The figures in column 1 are (for the last five years) the figures issued by the United States Mint; for the previous years they are the estimates of Professor Raymond, for several years United States Commissioner of Mining, as before stated. In the other columns (that is in 3 and 4), we have adopted the estimates of Sir Hector Hay before the Select Committee of the House of Commons on Depreciation of Silver; his .figures, however, were only to ~876, so to complete the table for 1876-77-78, we_repeat, in those columns for the years named, his estimates for 1675. This compilation is probably as nearly accurate a:-:i can be prepared. WORLD'S SILVRR PRODucnoN, Years. 1 United States. £ 1857 1858 1859 1860 1861 ........ ........ . .. .. . ... · ······· ........ 10,000 100,000 20,000 30,000 400,000 2 3 Mexico and S.America. Russia. £ 6,000,000 6,000,000 6,000,000 6,000,000 6,000.000 Total, '57-61 560,000 30,000,000 1862 ........ 1863 ....... . 1864 .... ... . 1865 ........ 1866 ··· · ·· ·· T otal, '62-66 6,000,000 6,000,000 6,000,000 6,000,0uO 6,000.000 900,000 1,700,000 2,200,000 2,250,000 2,000,000 9,050,000 30,000,000 6,000,000 1867 .... .... 2,700,000 5,500,000 1868 ... . .... 2,500,000 5,000,000 1869 ........ 2,500,000 5,000,000 187 0 ········ 3,200,000 5,500,000 1871 ········ 4,600,000 Total, ' 67-71 15,500,000 27,000,000 1872 1873 1874 1875 1876 ........ 5,500,000 ........ 7,150,000 ........ 6,500,000 ........ 7,140,682 ........ 7,700,000 1857 5,200,000 4,S00,000 5,000,000 5,000,000 5,000,000 £ 130,000 130,000 130,000 130,000 140,000 'iO 18i8. 4 Other Couotries £ 2,000,000 2,000,000 2,000,000 2,000,000 2,000,000 5 Totals. £ 8,140,000 8,2ao,ooo 8,150,000 8,160,000 8,540,000 660,000 10,000,000 41,220,000 140,000 140,000 140,000 140,000 145,000 2,000,000 9,040,000 2,000,000 9,840,000 2,000,000 10,34.0,000 2,000,000 l0,390,000 2,000,000 10,145,000 ---- 705,000 10,000,000 49,755,000 - - ---145,000 2,000,000 10,845,000 145,000 2,000,000 10,145,000 9,600,000 100,000 2,000,000 115,000 2,000,000 10,315,000 110,000 2,000,000 12,210,000 615,000 10,000,000 53,115,000 100,000 100,000 100,000 100,000 100,000 2,000,000 2,000,000 2,000,000 2,000,000 2,000,000 ---- 12,800,000 14,050,000 13,600,000 14,240,682 14,800,000 Total, '71-76 33,990,682 25,000,000 500,000 10,000,000 69,490,682 5,000,000 5,000,000 100,000 2,000,000 14,890,000 100,000 2,000,000 16,445 ,263 Total, '77-78 17.135,263 10,000,000 200,000 4,000,000 31,335,263 1877 .. .... .. 1878 ........ 7,790,000 9,345,263 Total 22 yrs. 76,235,945 122,000,000 2,680,000 44,000,000 244,915,945 We here see that the average production has increased from about £ 8,000,000 in 1857 to nearly £16,500,000 in 1878. To indicate, however, more clearly the progress in, and relative extent of the yield, we first use the above five-year-totals, averaging them per year in dollars an d pounds; to these we add, for the ten years previous to 1857, Sir H. Hay's statement, which makes the annual yield about £8,10 0,000; finally, for the years previous to 184S, we use M. Chevalier's estimate, which is generally accepted, of £..i, 720,000 per year. Bringing down then, as stated, the above five-year-totals, and making the additions indicated for previous years, we have the followng results. / 25 MO V.E.MENTS OF GOLD ANIJ SIL VER. 842- 46, five years ..... 1847-51, five years ..... 1852-56, five years ..... 1857-61, five years ..... 1862-66, five years ..... 1867-71, five years ..... 1 872-76, five years ...•. l 877-78, two years ..... Sterling. Annual Production. Total per year. Total eaoh five years. Silver Production. Sterling. Dollars. Average per Year. Dollars. 43,600,000 218,000,000 8,740,000 43,600,000 1842-46 .................. . 40,500,000, 202,500,000 8,100,000 40,500,000 1847-51 .......... ·········· 40,500,000 202,500,000 8,100,000 40,500,000 1852-56 .. . ............... . 41,220,000 206,100,000 8,244,000 41,220,000 1857-61. ................. . 49,755,000 248,775,000 9,951,000 49 ,755,000 1862-66 ................... . 53,115,000 265,575,000 10,623,000 53,115,000 1867-71 ................... . 69,490,682 347,453,410 13,898,136 69,490,682 1872-76 ................... . 31,335,263 156,676,315 15,667,631 78,338,158 1877-1878 .............. • .. This giv~s an annual production now of Proportion. Gold toBilv'r. Gold. Silver. $50,555,000 75,000.000 145,000,000 127,184,000 123.843,000 123,251,000 111,383,750 113,892,085 $43,600,000 40,500,000 '4 0,500,000 41,220,000 49,755,000 53,115,000 69,490,682 78,338,158 1 to 0·86 1 to 0·54 1 to 0·28 l to 0·32 1 to 0·39 l to 0·4'3 1 to 0·62 1 to 0·69 We have in this exhibit the fact brought out that, in about $78,300,000, against $43,600,000 previous to 1847. But, proportion to the gold production, the silver production as we have seen above, the annual R_u pply of gold has is now less than it was for the years previous to the increased dur\ng the same period. A comparison in the discoveries in California. We are thus driven tu look relative -production would therefore be as follows. elsewhere for an explanation of the d~cline in price. STA.TBlllENT SHOWING THE VALUE OF THE SPECIE EXPORTS AND IMPORTS 011' THlf UNITED BT.A.TES DURING THE NINR"rEll:K FISCAL YEARS J'ROM: JUNE 30, 1860, TO JUNE 30, 1878, INCLUSIVE. l:XPORT OF FOREIGN GOLD AND SILVER. EXPORT OF DOMESTIC PRODUCT. Year Coin. Gold. Silver. $ *26,033,678 *10,488,590 17.776,912 *44,608,529 86,148,921 35,023,856 49,395,993 22,362,035 44,390,003 14,858,369 12,768,501 55,491,719 40,391,357 35,661,863 28,766,943 59,309,770 27,542,861 21,274,565 6,427,251 $ -- - - - - 1860 1861 1862 1863 1864 1865 1866 1867 1868 1.869 1870 1871 1872 1873 1874 1875 1876 1877 1878 Bullion. ·Silver. Gold. . $ ..•..••...•. *30,913,173 ·····•••···· *13,311,280 . ·•··••····· 13,267,739 ............ •11,385,033 2,502,551 10,985,703 1,685,676 14,,440,865 1,683,059 20,731,473 2,892,990 13,867,641 2,536,506 23,841,155 899, 7A3 13,584,407 3,554,329 15,812,108 2,535,765 9,089,959 1,691,081 7,986,1<15 1,674,442 8,810,175 4,555,418 3,878,543 5,115,670 2,233,775 5,366,590 l,8R8,896 9,292,743. 1,084,586 5,394,270 205,319 Gold. $ .........•.. . .•...•..•.. ............ ............ 836,387 674,880 10,832,849 15,853,530 12,978,311 13,573,427 11,748,864 17,285,916 22,729,657 27,759,066 22,498,782 17,197,914 15,240,344 11,482,894 15,035,045 $ 1,448,007 1,992,443 4,395,252 6,169,276 3,493,561 1,799,142 1,036,989 2,796,951 4,070,678 7,541,576 5,015,575 2,104,530 1,166,478 384,677 1,396,934 5,433,736 1,733,693 4,163,762 2,570,435 IMPORTS. Bullion. Coin. Silver. Gold. $ $ 8,065,107 2,322,996 tl,407,645 1,993,223 1,394,8 24 721,865 2,255,529 3,076,286 5,703,873 6,428,518 9,213,829 11,934,099 5,744,003 10,232,556 5,508,785 2,825,746 4,706,323 8,462,059 3,550,785 ---$ 35,093 42,826 40,092 550 1,145 1,900 32,854 ···75:325 .94:508 19,146 39,778 18,939 169,068 233,174 2,682 ............. ·--··--· 4,780 164,033 ---··--· ---····· Gold. Silver. ···• · - -· -~~-,449 51,181 6,700 Coln. 85,795 25,000 11,835 3,696 11,600 15,995 67,511 334,167 1,450] 555,570 Bullion. Silver. Gold. Silver. $ $ $ $ 2,015,599 5,541,406 493,187 499,943 13,588,052 283,855 40,908 112,498 12,497,283 2,258,433 1,40il,728 249,608 3,G51,316 4,004,031 1,879,222 49,536 8,6G4,134 1,872,127 2,512,635 66,716 5,092,245 753,291 27,764 1,352,077 6,969,712 2.344,661 971,129 43,654 15,053,221 4,983,611 1,971,645 61,998 6,952,907 5,360,515 1,784,536 90,410 13,241,638 5,620,166 890,930 55,142 11,376,190 14,199,797 680,760 162,432 5,706,174 14,280,627 1,177,387 105,836 7,345,251 4,645,322 1,372,207 380,909 7,139,854 12,326,775 1,512.,59:J 471,715 17,888,468 8,114,086 1,614,669 837,683 12,115,155 5,908,170 1,581,638 1,295,754 6,787,744 6,885,795 1,204,965 1,058,177 24,126,664 9,834,9!!7 2,119,570 4,693,253 11,357,553 9,519,250 1,972,662 6,971,849 Tot'l 638,721,716 51,380,853 217,317,925 215,727,866 58,713,695 !l5,548,051 368,553 1,811,289 191,569,160 118,736,855 25,248,335 18,559,190 • Gold and silver. t Copper Clilin included. A '!'ABLE Years. SHOWING Tll.& MOS'l'HLY FLUCTUATIONS IN LONDO~ IN THE PRICE OF SILVER, P.Elt EXPORTS, IMPORTS, INDIA BILLS, AND COINAGE, SINCE 1833. Amount of bills Imports of Silver drawn in Ex:port of silver in Yearly coined silver to 0 Averbars and in age. Engl&nd. o! f~~t:n th.e .h:a~t. COlll.. Gov'ts. Highest. Lowest. l833 . ••. 59¼ Dec. 59¾ Feb. 1834 .... 60¼ Aug. 5!H( April 59 15-16 4-3~,7"75 3!JS,253 1535 .... 1836 .... 60 Feb. 60¾ Aug. 59,!i Aug. 59 1!-16 59.!<( June 60 1t6,(65 497,719 732,803 2,045,254. 1837 .... 60¼ Jnn. 59 75,385 2,042,232 lS:38 . ... 1ea9 .... 1840 ... 1841. •.. 1857 •• · 185!! ... 18~0 ... 1860 .. t86l.. .. 1862 .•. 1863 . .•. 1864 . ... 1865 .• .' 186[i . •• 1867 .•• . 1868 .• . t86'L ••• 1870 .••• 1871 •••• Dec. 59¼ April Jun. April 60 60¼ Oct. 60¼ Muy 60¼ J •.n. 59¾ Oct. 60 June 59¼ Oct. 59 Feb. 59¼ Jan. 59)(' Jan. 59¼ July 59¼ Oct. 58¼ Mch. 60.!( Nuv. 59¼ July 60¼ Jan. 58¼ April May 60 58¼ April 59), Oct. 60¼ Mch. 61¼ Dec. 59~ Mch. 61¾ Feb. 60 Oct. 61¼ Nuv. 59¼ ~ril uy 62¼ Nov. 6'.I¾ 61¼ April 60¼ May 60 Nov. 61¼ Ang. ti2¾ Sept. 60¼ Mch. May 62¼ Dec. 61 61¼ 603' Aug. 623( Mch. 61" Jan. 61.!,( Nov. · 6'!¼ Jun . (il¼ April" 6U¼ June 61 Jan . 62¼ Nov. April bl 60( Jan. 6t¾ Jan 60¼ Oct. June Nov. 60½ 6¼ 62',( June 60¼ o\.ng-. (il_J,( April 6tJ 5-16 Sept. 60¼ Ang. 61¼ Mch. 611 .M:ay 61 Feb. July 62 60~ Sept. Nov. 60 .3-16 April 61 1872 .••. 61¼ Jan. 59,!i Nov. 60 5-16 1,243,836 10,310,339 5,654,451 1873 ..•• 59 15-16 Jan. 1874 ..•. 59¼ .Tan. 1.875 . ••. 57¼ Jan. 59.l( 1,081,674 13,93),095 5-:-;'g Nov. 890,604 13,285.678 57;, Dec . 58 5-16 594,001 10,R41,615 56¼ 55½ June 2,497,576 12,302,220 7,092,-;'26 11,797,990 3,714,40! 9,536,757 { - - - - - - - ------ - £ £ £ -- U5 59 3·16 Aug. 59 9-16 1 l ~ 2,035.167 55,510 tl,893,02':l m 2,146,465 s. fl 2,610,101 0 ·.::p. 3,010,190 1h42 •• 1843 ... 1844 .••• 1815 ••. 1816 . .•. 1847 ••• 1848 .•• . 1849 .... 1850 . .•. !851 ••. 1852 .•.. 1.853 . .. 1854 . .. . 185L . . 18~6 .... F~b. Dec. 1876 .••. 58¼ 1877 .••• 58!,( J ,m. 4~¼ July 171,04~ 5!l¼ 60¼ liO¼ 60 1-16 69 7-16 59 :J -16 59¼ 59¼ 59 5-16 5911-16 1>9x 59¾ 60 1-16 61 60¼ 61¼ 39'),651 207,9JO 89,fi41 Hl2. ti5-l ~39,580 61il,6:J2 647.fi5S 5~\1,548 125,730 35,442 119,592 129,096 87,8ti8 189,596 7,i J,544 140,580 195,510 462,5~8 873,230 415,89 i 647,061 218,403 209. 184 148,518 161,172 53'i,l:J4 501,732 493,416 ll!3,!;!,4 l 301,356 76,428 33ti,7:IB 701,514 fil¾ 61 5-ltl 615-. 6 61¼ iil 5-16 6.! 1-16 61 11-16 f.O 13-16 lil 7•16 61¼ 61¼ 61 !-16 61¾ 60 9-16 60¼ 60 7-16 60 9-16 60¾ 52¼ 53!.( Mch. 5413-16 1 :ao:1 1,703,184 1,94::;,234 i::i 2,340,592 1,786,253 3 .0 1,4.39,525 _1,841,335 0 ... I 1,174,450 3,H3/l92 Q) 2,58~.281 4,791,678 I ~ 1,197,439 3,752,47i 00 ....0 2,8 ' 1,731 2,495,959 2,516,95'. 2,939,9 !2 • t"'0 8,065,709 1,97=3,cl91 p, i,097,042 4,204,503 H 1,541,804 3,396,807 ....0 1,889,195 3,811,899 "'<.) 2,935,118 5,052,05"1 ~ 3,236,453 1,~ 15,H,0 .;. 2,777,523 2,447,4., o 3,317,122 3,1!7;980 ~ 3,8-">0.5 5 3,09'\,49ll 0 3,61i9,u:8 6,431,733 1,481,0lO 12,118,991 2,819,711 16,,81,915 J £ 62~,499 4,753.933 6,'l00,000 25,901 14,828,521 14,i7H6'l 4,ti9·t 8,478,739 10,394,000 797 6,821.::!07 6,59:J,OJO 1,193,~29 10,091,4CO 11,75:3,00:J 6,fi41.576 8,263,01 l 10,888,130 8,979 ,521 6.254,004 10,827 80) ti,789,473 3;598,058 6,98fl,000 6,998.899 2,365,fi2tl 10,778,00) 5,613, 746 ti42,!H2 8,020,000 4,137,285 1.68~.f,4-l 7, i16,4~0 3,105,741 2,362.943 6,730,00!l 6,9~0.U2 1,579,473 10,t49,00i) 8,413,509 3.712,473 16,1\20,000 { { I{ ~{ I s I I ... { { z { 11,1405001 22:?,854 11,513,2"33 10,90,407 13,580,813 ... STATISTICS OB I RB:ll..t.RKS. Contlo11rmce of E. India Co. Slavery abolished; compensation to owners £20,000,00J. Renewal of hank charter, bank notes a le~al tender. Great importation of gold mto New York. Suustitution o metallic cnrrency for paper in the Unitell States . .Es:tinction of Umted State! national debt. Bank of United States wound up, owing to refusal of Congress to re-charter it , Banking and commercial emb1.1rrassme11ts in U.S . Spanish civil war. Commencement of panic in Loud n. Di8C->untsrefn,e .1. Many houses trading with United States s~op payment. Accession ot Qneen Victoria. Rebe 11ion in Canada. Resumption of sµec1e payments in United States. Famine in variou,s parts of Briti.,n India. Affghan war. • Ranks in United State ~ sus .,end :µay1n'ts in sp ecie. W&r with China. Misunderstanding with France. Treaty of London for settlement ot E:istern Question. Great depre:,ision in every branch of m~nuracturing indllstry. Pelice with China. Income tax: act pas ed. Treaty of Commerce opens Chins to all nations. Bauk Charter ,1ct passed. Cousols l ·JI.!,(. Prior to Sept. this year the Bank n ever reduced the rate below 4 per cent. R,1ilway mania. Sikh war. Commercial and railway p ,m ic. Repeal of corn laws. Year of panic. £10,00d,0110 granted for relie_f of famine in Ireland. Gold discovered in Caiifornia. Sikh war. First importation of Calitornian gold into England. Annexation or the Punjaub. Average of consols 96)9. Disc-.,very of gold in Australia. Console touched 102. and averaged 99¼ Austr&lian mint estiiblisbeJ. Russian war beg-an. Loan of 16 millions_ Fall of Sebastopol. Russian war ends. Panic. St1~pension of Bank act. Indian mutiny. Lo:in of £1,0J0,000 to the East India Company. End of Iudiau mutiny. Loan of £5,216,5.!8 to Ea!!t India Co. Commercial treaty with France. Financial depressio t1 in India. Amerlca!l civ'l war begi'ls. Great distress in cotton mannfactur1og district~. Pamc. La!Jfl:tt ex: :1orts of gold to the Unnr.ineot to pay for silver. £13,0)0,00 ., silver exported from France. 1.Jlose of Americaa war. Commercittl and Joint Stock Co.'s panic. B'k declined to .sell b •i r gold. Graat decline iq ex:rcorts of silver, only £2,500,00J sent from France. Ahy~sinian expedlt on. Di~tress in L'lncashire. Franco-Prussian war. Panic!. £S,50 J,000 gold exported to H :m@e Tewos. Peace between France and G<:!rmany. £8,050,UOJ gold exported to Hunse Towns. Commencement of decline iu price of eilver. £10,000,00J gold exported to Ha,nse Towns. German Government announces tb.e demonetization of silver. Enormous incr'se of builion in B'k of France; £t?,000.000 mostly gold. Heavy commercial failures. Large exports of gold to Germany. Vontinued decline lo price of silver. Remarkable flucmatinn inrat~s of Indian exchange and bar silverthe latter having touched the lowest price on record. . Largest ex~orts to the East on record. Bill to remonetize silver as an nnlimiLe.c le2:al tender in the U. S. di~cnssed in Congres>i ,,fter Oct. { Q) GO½' 6'J¾ OUNCE, AND 8,638,000 17,007,000 21,701,609 j t Tllo above totals from 1833 1 to 1 850 inoludc exports from other countries as well as Eugland; from 1851 to 1875, from Southampton · ouly; 187G and 18 77 shipments via 8outl1:unpton,_Venicc ancl Marseilles. https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis PRICES OF GOL.D. 1862-1~63-1864. February 25, ;~62, ~ongress authorized the issue of U. S. legal tender n')tes to the extent of $150,000,000. July 11, of the 111ame year, an add1t10na.l issue of U. S. legal tender notes was authorized to the extent of $150,000,000; and July 17, postal and other U. S. stamps were legalized as currency. M!rch 8, 1863, Con~rP.BS authorized a further issue of U. S. legal tender notes, to the extent of $150,000,000, Ulaking the whole authorized to date $450,000,000 ; and an issue of fractional notes, in lieu of posta.l and other stamps, and postal currency to the extent of $50,000,000. Also three years' compound interest notes to the extent of $!00,000,1)00 to be legal tenders. The first national bank was organized June 20. The battle of Gettysburg, the turning point of the war, took place July 3. The numbtir of national banks on October 5, 1863, was 66. · . June 20, 1864, the Gold bill waFI passed by Congress and sales of g :ild at the New York Stock Exchange were discontinued. After that time our prices are the quotations of the Gold Room. Number of national banks at the close of 1864 was 508, with an actual note cir~ulation of $45,260,504. lS62. vayor month. 1. ••.•~ January. Holiday 2...... ..... . .. 3 •••••• •••••• L:::: ···•·,; .. ••· ti .......... ; •••••• 7 ................ . 8 •••••••••••••••• 9 ...... ••••••••••• 10 ................ . 11. ............... . 12...... s. 13 ••••• 103 -103 14 .•••• 102¾:-103~ 15 .... , 102,½-102¼ 16 ...... 102X-102¼ 17 ••••• 101¼-102 18 ...... 101¼-10~ s. 19...... 20 .••••• 102¼-102½ 21 ...... ]02},(-102¼ 22 ..... 102¾-102¼ 23 •••••• 103¾-103¾ ~4 ....... 103½-103¼ ~ .••••• 103 -10:i¼ 26...... s. 27 .••••• 103 -103¼' 28 ...... 10-3¾-10:l¾ ~-- •••• 103}.(-103¾ 30 •••••• 103.¼,{-10:l,½ 81 . •••• 103,¼-103¼ ........ l11t1nttry. Holiday. Febrnsry. Mllrch April. •- 103,¼-103¼ 102¾-102¼ 101¼-102 . 102 -102~ s. s. 103¾-103¼ 102 -102¾ 101¼-101¼ 101¾-101¼ 10::!,½-103¾ 101¼-102 101,.-102 103¾-l03¼ 102 -102 s. 103¾-103¼ 102 -10~¼ l03¾-103¾ 102 -102¼ 102¼-102~ 103,½-103¼ 101¼-101¼ 10-1 -102¼ 101¾-101¼ s. s. 101¾-101¼ 103¾-103¼ 102 -102 101¾-101¼ 101¼-102 103¼-104 1114 -104¼ 101¾-101¾ 101¼-102 s. lOi¼-104¾ 101,½-101¼ 104¾-104¾ 101¼-101¾ :Ol¾-101¼ 104¾-104¾ 101,¼-101¾ 101¼-101¼ 101 ¾-101¾ s. s. 103¼-W3¼ 101,¼-101 .¾ 101,½-101¾ 103¾-103¼ 101¾-101¼ 101,½-101)9 103 -103)-4; 101,½-101¾ 101,¼-101.¾ s. 103X-103¾ 101~-101?--' 1113,¼-103¼ 101},1:-101,¾' 101,¾-101¾ 101¾-101¾ 101¼'-101¾ 103 -103 101¾-101¾ s. s. 103 -103.l,( 101¼-101¾ 101,½-101¾ 103 -103¼ 101¼-101¼ 101¼-101¼ 10-2¼.:.103¼ 101¼'-101¾ 101,½-101¾ s. 102¼-102~ 101.J,(-101¼ 102¼-102.¼& 101.l,(-101¾ 101~~-101¼ 101¼-101)1 101¼-101¼ 102 -1')2 s. 101¼-101¼ ........... Febrnnry. s. l! .. •• •• 133¾-133¼ 156¾-159 3.. .. •• 133¾-134), 1543,S'-155¼ 157 -158¼ 4...... s. , .••••• 134,¾-135.l,( 1~6¾-158 . 6 . ..... 134 -134¼ 157,¼'-15S¼ 156,¾-157¼ 7 ..•••. 134 -135 s. 8 ..... 135¼-131 9 ...... 138 -138¼ lM¼-15&¼ ]0 ...... 136¼-138¼ 152,½-153¼ 152),,- 153¾ 11...... s. l~ .. •••. 140¾-142.l,( 154¼-154¼ 155¼-156 13 •••••• 142 -144 155),(-156 M ...... 146¾-148 s. 15 ...... 148¼-148¾ 16 .••••• 145)4'-145¾' 155¼-157¼ 17 ...... 146¼-147¾ 158,\(-159}.( lo0¼·-162 18...... s. 19 ...... 14.7¼-148¾ 161,½-164 20 •••••• 147¾- 148¾' 162¼-163¼ ,1. ••••• 147¼-148¼ 162 -163¼ s. 22 .. .•• • 147¼-148¼ 16-'l¾-164¼ 23 .••••• 147 -148 167¾-171¼ 24 .• •••• 148¾-15' 171,½-172¾ ~...... s. 26 ... ••• 148½-151¾ 169.J•.H7:l¼ 27 ... •.. 153)i-l54¼ 16\l~-171 171¼-172¼ 28 •• : ••• 152,¼-154 29 .. •••• 153 -155?,! 30 .. •••• 15:-3 -158,!i 81 ...... 159 -160¾ March. s. 171,½-171¼ 171 -171¼ 165 -168 157 -158 150 -15-1 154¼-155¼ s. 155¼-157¼ 160 - 163 157¼-158¼ 158>,-160¼ 159 -161¼ 157¼-158¼ s. 154,½-155¼ 154¾-155~ 153¾- 155 154¼-155¼ 154),,-155 153¼-154¼ s. 151 -153.¼ 145,½-159 13i.l,½-141¼ 13!.l -140¼' 14G - 140¼ 142.J,i-143¼ s. 144¼-147],( 148,¼-150 July. June. 1!111,y. 102¼-102~ 8. ' 108¾-109!,t 108¼-109¾ 103,¼-103¾ 102].(-102¼ 102,¼-102¼ 103,¾-103¼ 109¼-109¼ 103¼-103¾ Holiday. s. 109¼:-109¼ 103¾-103¼ 103,¾-104 s. 102¾-103¾ 104 -101}.( 102¾-102¼ 104 -104¼ 110 - 110.l,( lllJ,(-111¾ s. 102~~-103 103¼-1033,! 104~-104¾ 113,½-116¼ 103,(-103¾ 101¼-104¾ 115¾-117¼ 103¾-104¼ 114¾- 116 s. 103¾-103¾ 104¼-105~ 113¼-114¼ s. 103,-4-103¾ 105¼-105¼ 103¼'-103¼' 105,¾-105¼ 115,½-116¾ 116¾-117 8. 103}4-11.13¼ 103 -103¼ 106,¼-106¼ 116¼-117¼' 103 -103¼ 106 -106¼ 117,¾'-118¼ 105¾-105¼ 119 -119~ s. 103¼-103.l,( 106 -106¾ 118,1,!-118¼ s. 103}4;-103¾ 1U6¾-106Ya 103!,(-103¼ 106¾-106¼ 119¼-120 119¾-120¼ s. 103,¾'-103¾ 119 -119¼ 103¾-103¼ 100¼-108 103¾-lOB,¾ 108¼-108¼ 117 - 118¼ 114,¼-116¼ 1083,(-1 8¼ s. 108¼-109¼ 117 -117¼ 104 -104 s. 109¾-109¼ 104 -104¼ 109 -IOU¼ 116¾-117¼ 103.V.-104 115¼-116¼ s. 103¼-103¼ ]08,¾-103¾ 108¼-109)1( 114¾-115¾ 114>,-115¾ 103>,-103¾ July. June. Aprll. May. 156 -15'1¾ 150¼-151¾ 146 -147¼ 144¼-145 153).(-157 149l:15o¼ 146¼-147~ 143¼-144¼ 153 -15:13' 146¼-146¼ 144 -144¼ Holiday. 146 -146),( 154¼-155].( 148¼-150 s. 14S,½-151,¼ 146 -146~ s. 151 -152¼ 152,7(-154 145¼-l-15¾ 1313 -139.l,( 132,½-138¼ 150 -152¼ 154}.(-15-1¼ 131¾-131¼ 145,½-147 154J,!-154¼ 143 -143 149 -150]4' 142¼-142¾ 131,¾;'-131¼ 146¼-149 146,½'-149 140>,-140¼ 132}(-132¾ s. 141¼-142 132¼-132¼ 150¼-152¼ 148¾-149 141:l,½-149¼ !41}4;-141J{ s. s. 157 -15"Z¼ 149¼-14!l¼ 142].(-142¼ 131),{-131¾ 131¼'-131¼ s. 155 -155¾ 149¼-150 144,¼-146 149%-150 152 -15:l 128¼-129¼ 152 -153¾ 149Jt150¼ 147¾-148¾ 126 - 126¼ 153¼-153¼ 145¼-145]' 125¼-126 143¾-144¾ 125),.(-125;,( 151}.(-152¾ 149¼-150 s. 148¾-14!!¼ 143 -143¼ s. 143,½'-143¼ 123¼-125¼ 148¼-150¼ 148¾-149 148¼-150 126 -127¾ s. 146 -147 148¼-149¼ 143¾ 143¼ 12!¼-125¾' 145¼-147 148)1-149¼ 143;{-143¾ 125¼-126¾ 148½-150 151,¾-152 s. 143¼-144 126~-126¼' 152 -154 145¼-146¼ 144Ji -14ri¼ 125¾'-125¼ 14:{>,-145 s. s. 144,¾'-145 150 -153/a 14.3¾-144¼ 145 -145¾ rn'1¼-128 127,¾-127¼ 149¾-150¾ 143),,-143¼ s. 150 -150¾ 144¼-145¼ 146,½-147¼ 127>,-127¼ Nat'lFast. 144¼-145]4' 140¼- 146¼ 127,¾-127¼ s. 128¼-1~9 s. ---- l'llfmill . . 133¼-100,ic 152¼-172¼ 139 -171¼ 145¼-157~ 143¼-154¼ 140¼-148¾ 123.),(-145 September. October. ·November. Angnst. 122 -12-3¼ 129¾-131¼ 115¼-115¾ 116,½-ll'i s. 115 -115,!,( 116,½-116¼ 122¾-123 122½-122¾ 130½-181.¾ 117¼-118 s. 129,¾-131¼ 11i¼-117¼ 12:!,½-123 114¾-115 s. 131,¼-132].( 114,½-114¾ 118¼'-119¼ 114¾-114¼ 118¼-119¾ 122¼-124¾ llH,½-13i 123 -12-'l¼ 131,½-132 s. 114 -114¼ 118¾-ll!l¼ 124}(-124}' 132 -132¼ 112¾-114 125¼-126¼ s. 118,¾-118¼ 112¼-112¼ 132].(-133].( 118¾-118¾' 127].(-129 s. 112,½-113¾ 118¼-118¼ 128 -128¼' 131 -132¼ s. 131,½-132 113,½-1!.4}.( 118¼-118¼ 114!--'-114¼ 118 -118¼ s. 115),(-115¼ 114¾-115¾ 117,½-117¾ 132 -132¾ 131¼-132 s. 114¾-114¾ 116,½'-117¼ 132 -132¼ 116,½-117¼ ;132 -13·!¼ 132 -132].( s. 130 -130}4' 131¾-13'J 115¼-115¼ llG,½-116¼ s. 130 -131 114¼-115¼ 1 l6¼-117 115 '...115¼' 116¼-ll'i¾ 128¾-129½ 130X-130X 128):{-12\)J~ 130¼-130¾ 8. 115¼'-115¼ 115,½-116¼ 117¾-117¼ 133 -13.3¼ 130¾-130¼ s. 115¼-115¼ 117¼-118¼ 132,½-133 131 -132 180¼-130¼ 118,¾-119 s. 115¼'-115¼ 120 -120¼ 130 -131,).( li9¼-130 s. 12!l¼ -12!f¼ 115¼-115¾ 120,➔.{-120¼ 115¼-115¼ 12.! ¾-121¾ 130 -131¾ Tllanksg'g. 131¾-132¼ 12!1),(-129¼ 8. 115,¼-115¾ 121¼-123¼ mx~~¼ m ~w~ 116 -llG 180¼-130¾ s. 121,¼-124 115¾-115¼ 129>,-130 >;- - - s. De·c ember. 12>1,½-I 31¼ 131 -131½' 131 -132 133 -134 131,¼-132,¼ 130,½-132 s. 181¾-131¼ 132%-133 };12¾-132¾ 132¾-132,!,( 131.¾'-131¾ 131¼8~32 181¼-182¼' 132 -132½ 132¼'-133 132¾-132¾ 132),(-132¼ 132 -132¼ m:}:x m~=~: -: _ ---112¼-116,l,( 1163'-124 Angnst. September. 129.¾-129¼ 126¼-127¾ 127¼-128 s. 127,½-127¾ 129,¼-134¼ 128,li(-12S¼ 133,½-134¼ 12n{-127¼ 131,¼-131¼ Thanksg'g s. 127 -127¼ 133 -133¼ 126].(-126¾ 132 -132¾ 132¾-132¾ s. 126¼-126¼' 131¾-131¾ 126],(-126¼ 12!1¾-129¼ 12G¾-126¾ 128¼-129 126¾-127 s. 125):(-126¼ 130¼-131¾ 125¾-125¼ 131 -132¾ s. 131¾-13:2¼ 125¾-125¼ 132.J,(-132¼ 123¾-125¾ 133 -133¼ 1~¾-125¾ 133¼-134 12-1;-.-124¼ s. 125?(-125¾ 13!! -139¼ 137¼-133¼ 124¼8~24¼ 137¼-138~ 124 -124 136¼-137 122¼-123¼ 138 -138¼ 122,¼-123.!,( 139 -139.J,i 124,½-124¼ s. 124 -124¾ 139¼-139¾ 124¼-124¼ 142,¼-143¼ 141)4-142 s. 127 -128~ --1~ -183¼ October. 140¾-140¾ 1423,S'-143.!,( 142¾-143¼ S. 144 -144¼ 146 -147¼' 146],(-146¼ 145¼-146 146¼-147 148.¾-148¼ s. 132],(-132¾ 132¼-182~ 132 -132¼ Christma11· 131¼-132 131¼-132¼ s. 1~¼~32¼ 132¾-13:3 133),(-133¼ 129 -133)( 128½'.-184. November. Decembe?. s. 145;-,-146¼ 146¾-146~ 146 -146¼ 146.J,4'-147¼ 148 -148¼ 146¼-147¾ 148,½-148¾ 148¼-148¾ 151¼-152¼ 15'i,¼-152¼ 151¼-15f s. 151 -152¾ 143¾-149¼ 140¾-146¾ 148¼-!48¾ 145 -145¼ 148¾-149¾ s. 145¾-145¼ 151 -151¼ 149,¼-150.l,( 146¾-147 1503'-150¼ 147 -147¼ 153¼-155 s. 152,½-153¼ 146¼-147 149¼-150¼ 156 -156¾' s. 150¼-HiO,£ 154¾-154.¾{ 147 -147¼ 149,!i:(-149¼ 147¼-148¼ 150].(-150¼ 149¼-150 151¼-152¾ 149¼-150 s. 150¼-151¼ 151 ·152¼ 151¼-l.4» 149¾-149¼ 152¼-153¼' s. 153,14-154 143¼-146 152¼-15-Z¼ 142¼-144.)4' s. 16i¼-152¼ 145¼-146¾ 158 -154 Hl:.e -'!.~9\.S 146¼-147 l!'i0¼-152 151½-151¼ 14SJ{-1411 8. Christm<U. 149,¼-149¼ Than"ll:sg'g 151¼-151Jlf 146 -147¼' 143 -145¼ s. 145¼-146¾ 144¼-144~, 151¼-152~, 147 -148 s. 152¾-lCi:!¼ 146 -146¾ 148¼-148 151¼-152¾ 145¾-145¼ 151¼-151}" s. 122¼-129¼ 126¼-143¼ 140¾-156]' H3 -154 148¼-1~-- 186'1. ~11101 tnonth. Jimaaey. February. 1 ...... Holiday. 2 ...... 151,¾-152 157,½-157¾ 157}.(-157¾ 157¼-158 158 - .... 5 ...... 151,¾-151¾ 157¾-158.l,( 6 .••••• 151¾- .... 8. 7 ...... 151¼-1523,( 8 . •••• 151¾-152),( 158¼-159¼' 9 ............... . 159¾-159¼ 159¼' .... 10...... s. 11 ...... 152¾-152¼ 159¾-159¼ 12 ...... 153¼-154¼' 159 -15!).l,( 13 .. ••• 153¼-153¼ 159,½-159,¾ s. 14 ..... 154,½-154¼ 15 ...... 155¼-155¼ 159¼-160¾ 16 ...... 155¾-156¼ 160].(-161 159¼-160 17.. .... s. 18 ..... . 159.J,(-159.J,( 159¼- .... :rn.. 159!,(-159¾ 158 -158¾ 20 ...... 158).(-158¼ 159¼-159,).( s. 21.. .••• 156.l,(-157 l}2,. .... 156¼-157¾ 159 - .... 157,1.(-157¼ 23 .••••• 156 -156¼ 157].(-157¼ 2-t.... .. S'. 25 ...... 157¾-157¼ 158).(-158¾ 26 •• .•.• 158 -158¼ 157,¼-158½ 27 ...... 157 - .... 157¼-158¼ s. 28 ...... ]57¼-157.l,( 2!1 ...... 156¾-157¾ 159 -1t>9¼' 30 ...... 156¼-157¼ 81. .... , s. L:::: .... ~-..... l1011tb1 llil "-159¼ lts7¼-16l https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis July. !222 -2W ...... ... .. 230 -250 s. .......... . Mi:• _._. ;.~.~~: .. . Aprn. Mnrcb. 166,½-168].( 159 -160 159¾- .... 166,½-166¼ 176 -t77¾ 177 -179¼ fl. 160,¼-161 160¼-161¾ 166~-166¾ 179,½-179¼ 177¼'-177¾ 167¾-167¾ 161¾-161¼ 168¼-170¼ 174 -176¼ s. 172¼-172¼ 170¾-171 161¾-161¼ s. 162¾-163].( 169¾- .. .. 167 -167¼ 169¼- ... . 169¾-171 1mi -168¾ s. 164¼- ••• 174.¼l-176~ 164¾-164¼ i73¾.'..i15·· 113 -114.J,4' 160¼-162 . s. 175¾-175¼ 170 -173¼ 160,½-160¼ 176 -177¼ 172 -172¼ 8. 162.~-162.¾' 173,½-173¼ 171 -171.),(' 173,½-173J' 161¾-162 177 -178 s. 161¼-161¼ 163 - .... 170¾- .. .. 181 -181.l,( 181¼-181.¾ 162 - •••• 167 -168 167 -167¼ 181 - ... . s. .. .. ••••••• 166¼-107¾ 181¼- ••• • s. 173,½-174¼ 174¼-177¼ 182¼- •••• s::· · Holiday. August. 251 -259 256 -258¼ 256,¼-258,¼ ..... 257,¾.:.26i¼ 235 -249 194 - •••• 248 -2!il¼ 259.l,(-261¼ s. 262' -2'rn i93".'..i93¾ 266¾-276¼ 256,¾-259¼ 252¼-255¼ 260 -275 254,¾-255¼ imix.:.i!is¾ 2'?6 s.-285 253¼-2511¼ • ... 255¾-257¼ 271 -282 254¼-256¼' 195¼- .... 268¾- 273 s. 258 -268 255¼-256'7/4 244 -256 248,½-261].( 255¾-256¾ 1!l7X- .... s. 255¼-257 Hl6¾-196¼ 195],(-!95¼ 254¼-~1¾ 25'7 · 258 258,¼-26 ¼ ~57 -257¼ s. 198 -198)£ 261 -263¼ 256)9-257¼ s. 256,½-260 199 -208 250¼-251?¼ 256¼-257X 210 -230 257¾-258¼ 253,¾-256 205 -223 254½-257 s. 213 -217 s. 255¾-258¼, 254,½-255¾ 179 -182Ji' is-i¾.:.is.i¼ 214 -220 253¾-256 !257¼-2!59¼ s. 181,!,(-184¼ 183 -183¾ 254 -2.l'i7¼:' 245 -253 181 -181}.( 186 -186].( 221 -240 s. 244 -252 -240 186 .... 234 1'77¼-180¼ 250 - 253¾ 235¾-241> s. 235 -250 165¾.:.165¼ 231,½-236 253 -258 -250 245 163¾-164~ i'i9>i.:.ise .. 234 -243 s. 1M¾- .... .. ......... 190"_:·"·• 15'l -169¼ H'>~-HtY 168 -100 s: .. ·· 197¾.:·:::: 1ga -200 222 ··lSo Meptemtler. 243 -248¼ 248,¼-254¼ 236 -243¼ B. 235 -243¼ 240,½-242 240¼-242¼ 235¾-241 234¼-236 21S -228¼ s. 213,½-225 217,½-228 223,½-228 228],(-229¼ 224¾-228 220¼-223¼ s. 223¼-226¾ 223 -226¾ 220 -222 216 -221¼' 211 -217 200 -21j s. 195 -198¼ 1!12].(-195 195 -205 194]!(-202 191 -194¾ October. 190 -193¼ s. 189 -191¾ 190 -192:1,( 189¼-1!)1¼ 192¼'-197 198 -204 196¼-203¼' November. December. 230 -241,\' 229,¼-246 227}.{-236¼ 231¾-238¾ 235¾-244¼ s. 238,¼-245¼ 245¾-249¼ 246 -260 243 -253 196 -19\r 198¾-203½ 236¾-244¼ 2027,(-204¼ 242,½-245 s. 203¼-209¼ 208 -217.).( 243 -241i¼ 288,%-244 213.),(-220 228,½-240 s. 218¼-222¼ 218,).(-226¾ 210 -219 206¼-215 207¾-211¾ 216 -225¼ 206!,(-211.l,( s. 217,¼-221¼ 207½-209 209;½'-213¾ 224 -229 220,½-223¼ s. 212¼-216¼ Thanksg'g 214¾-218¼ 216¼-221,¼'. 219,½-224¼ 212¾-217 s. 214Ys,-216¾ 215¾-217¼ 226X-233}.( 232 -236¾ 217¼-221¼ 227,¼'.-233 s. 221,½-227¼ s. 231,¼-2-61¼ 101 -254¼ 1S9 -22-'l¼ 210 -260 225!,(-229 2:10).(-233" 228M-231 s. 227 -220¼ 230 -284¼ 238,¾-243 289 -242¼ 239¼-242.¼ 234½-239~ s. ~2¼-237¼ i:33,1,(-235~ 233¾-235.J,s 234¾-237¼ 233,¾-234¼ 225¾-231¼ . s. 212¼-2173d 220¾ .221 222.l,(-220 221 -224)4 220,½-222¼ 220½-22~ Christmae. Holiday. 216 -218 216.),(-224 222 -225¼ 226 -229¼ 224].(-227~ ~~;~-2-i'.3¼ PRICES OF GOLJJ. 27 I S6o-l S66-1 S6't. 1865.-The war virtually closed (April 9) by the surrender of General Lee. President Lincoln (Apl. 14) assassinated. National bank.s (October 1, 1865), 1,513 with an actual circulation of $171,321,903. United States notes (October 31, 1865), $428,160,569 , and fractional currency, $26,057,469. October 1, 1866, national banks numbered 1,643 and nation11.l bank nntes in actual circulation, ~80,253,818; Unitad States notes, $390,195,785; and fractional currency, $27,029,273. October 7, 186 7, national banks numbered 1,642; nat10nal bank circul!.1.tion, $293,887,941; United States notes and fra ~tional currency (Nov. 1, 1807), $387,871,277. Dayot month. January. 1 . . s. 2 .... .. Holiday. Febrn.ary. 202¼-205¾ 203¼-206 8 ...... 2'Ui -229¼ 2057,(-209¼ 4 ...... 231 -2.-'34¾ 208¾-214½ s. 5 ...... :226¾-220¼ 6 ••••• 227 -22&¼' 212 -214¼ 7 •••••• 226¾-227½ 212¼-216¾ 210½-213¾ 8...... s. 211,¾(-~14 9 ...... 226¼-227 10 ...... 222¼-228½ 210¾- 211½ 11 ...... 220 -22:1¼ 204¾-209 s. 12.. .... 216¼-219% 205¾-207 13 .••••• 218¼-222 207¾-208¾ H .. .. .. 217.l(-~ 204¼-206¼ 15 ..... ll. Hi... . 218¾-2217" 203 -205 203¼-204¾ 17 ...... 214,¾- 217 204 -205½ 18 . ••••. 215 -217 s. llL ••••. 208 -214¼ 20 ...... 201¼-207¾ 1987,(-202¼' 196¾-199¼ 21. ••••• 1977,(-206 Holiday. 22...... s. 23 _.,, .. 197¼-202¾ 198¼- 20214 i! ...... 197½ -203¼ 198½-200),;( 25 ..... 2047,(-207½ 198 -199¼ s. 26 ...... 202 -207 199¼-201¼ 27 .•••.• 208¼-215 200¼-203¾ 28 .... .. 213 -220 29...... s. · 30 ...... 211 -214¾ 31. ... .. 202 -211 April. March. 199½-201 196¾-198 198½-199 199 -200 May. 151 -152 142%-145¾ s. 140¼-142½ 145,¼-148 141¼-141¼ 146¾-148¼ 14.2 -143¾ 148 -154¼ 142¼-143.Va s. 198 -199¾ 1507,(-152,¼ 142¼-143¾ 147;,(-150¾ s. 197¾-1!)9 195¼-197¾ 148½-150¼ 139¼'-143 s. 135¼-137¼' 193¾-196¾ 187¾-l!JH, 143½-145¾ 131¼-135¼ 128¾-131¼ l SSX-191½ 146 -147 145¼-146 180%-133¼' s. 185,¾'-191¾ 146 -147¼ 1297,(-130¼' Pres't assass. S. 177¾-185 Holiday. 129¾-130¼ 17~7,(-179¼ s. 130¾-131¼ 172¼'-176¼ 148.¼-153 129,¾-131¾ 162 -169 1637;(-166¼' 14fi¾(-147¾ 129,¾-131 Holiday. 130¾-13l½ s. do do 130¼-131 162.J,i-167½ s. 154¾-159¼' 147¼'-149¾ 149¼-150½ 130%-131¼' 156 -159 s. l:31¼-1 32¾ 156¼-157 13-3 -1,l5¼ 148¾ - 152_½' Hoji,day. do 136 -1:JS¾ 153½-15'?;9 do 150¾-152 l:35¼-138 s. 15:j -155¼ 147¾-14!1)(' 135½-136¼ s. 153¾-154¾ 14ti¼-148 151 -152¾ 146 -146¼ 136 -137 S. 137¼'-13S¼ 14!1¾-151¼ 151¼'-151½ .. .. .. .. • .. 136,½-137.¾ lfontb ..197¥-234¾ 196¾-216¾ 148¼-201 Jlllle. Fast JJay. July. 139¾-141 Augnst. 143¼-145¼ 144¼-145¼ 137¾- 138;' 138¾-140½ 144¼-144¾ 186¼-137 143¾-144¼' Holiday. s. 135¼ -136¾ 139½-140¾ 143,¼-143¾ s. 1367;(-137¾ 139 -139¼ 137 -137¾ 139¼-139¼ 143¾-144 139¼-140¼ 144¼-144¼ 137¾-138 143¼-144¼ s. 137¾-138 137¼-137¾ 139¾-140¼' 1427;(-143¾ 140,¾(-141¼ 139¾-140 s. 140¼-142 14.0¼-142 138¾-141 s. 141¼-142 140¾-143 14.2,¾-143¾ 1427;(-142½ 140¾-143 H3¼-147¾ 142 -142½ 140¾(-141¾ 141¾-142¾ s. 143¼-145¼' 141¼-142¾ 143¼-145¼ 142 -143 143 -143¾ 142¾-143¼ s. 140 -143!/a 142¼'-143J{ 143¾-144¼' s. 137¼-139¾ 142¾-142¼ 139¼-141¼ 142¼-142¾ 144¾-144¾ 141¾-142¼ 142½-142},i' 143¼'-14.4 143¼-143½ s. 141,¾-142¼' 141¾-142½ 142¾-143¼' 143¾-143½ 143¾-144 143 -14.3¼ s. 140 -141¾ 142¼-143¼ 144 -144Y, 143¼'-145¾( s. 141¼"-142 13!J,¾(-141¼' 144%-146¼ 143½-144½ 138¼-139¼" 144¾-145¼ 144¼-144¾ 144 -144¼ s. 139 -141}.( 143¾-144¼ 144½-145 s. September. October. November. December. s. 144¾-145 144¼-144¾ 144¼-144¾( 144¾-144¾ s. 143½-144¾ 144¼-146¼ 144¼-144¾ 146¾-147¼' 146¼-149 144¼-145 144¾-144½ 146 -146.¼ 144¼-144¾ s. 144%-144¼ 145¾-146¾ 144¼-145¾ s. 144¾-144.¾ 144¾-145¾ 143¾-144¼ 145 -145¾ 143¾(-143¼ 144¾-l-4.4¼ 143¾-143¼ 144¾-144¼ 142¾-143¼' s. 142¼-143¼' 145 -145¾ 145%-146¾ s. 143¾-143¼ 146 -146;,( 146½-147 143¾-144 146 -14.6¼' 143%-144 143½-144¼' 145¾-146¾ s. 143¼-143¼ 143¼'-143¼ 146 -146¾ 146 -146¼' s. 143 -143_¼ 145¼-146¼ 143¾-143¼ 144½- 145¾ 143¼-144¼" 145¼-145¼ 143½-144¾ 145¼'-145¾ s. 143¼-144¼ 144 -144¼ 145¾-145¼ 145¼-146¼' 143¼-154¾ 128¾-145¼ 135!,(-147¾ 138¾-146¼' 140}.(-145¼ 142¼-145 145¼-145¼ 148 -148¾ 146 -146¾ 147¼-148!,( 146,¾-147 s. 146¾-147¼ 147½-148¼ s. · 1~¼- 148.¼ 147 -147¾ 146¼-148 146½-147¼ Tllanksgiv 146,¼-147¾ 145¾-146¼ 146¾-146¾ 144½-145¼ 146¼-146¾ s. 146½-146¼ 144¾-1"45!,( 144,¾-145¼ s. 146¾-147¼ 145 -145,¼' 147 -1477; 14.5¼"-146¼ 1477;(-147¾ 146),;(-146¼ 147¾-147¼' 146 -146¼ 146¼-147 s. 146¼-146¾ 146¾-147 146¼-14.6¾ s. 146 -146¾ 146¾-147 146,¾-146¼ 145¾-146¼' 146¼-147 145¼-146¼ 146¼-147 145¾-145¼ 146¾-146¼ s. 146½-147¾ Holiaay. s. 145.¾(-145½ 147¾-147¾ !4&,¾'-145¾ 147¾-148¾ 145¾-145½ 148 -148¼ 145¼-145¼ 147¼-148¾ H.4¼-145 s. 144¼-149 145½-148¼ 144¾-HSU" October. N<tf'ember. December. 1866. JJayor Month. Jannitry. 1 ...... Holiday. February. April. March. 13'.l,¼-140¾ 135¾-136¼ 8. 2 •.•• 144).{- 144¾ 139¼-140¼ 135>H36¾ 127}.(-123½ 3 ...... 143¼-144¾ :3~¼-140¾ 1333,(-134½ 127¾-1'! 8¼ s. 127½-12 ,.)4' 4 .... .. 142¼-143¾ :::l. 5 . . . . 142¾-14.3¾ 139 -14.0¾ 132¾-134!,( 12"."¾-127¼ 6 ...... 142¼-143 1H9¼-139¾ 122¼-133¾ 127½-128¼ 139.Jr(-139¼ 133},-13~,¼ 12'7 -127}~ 7.... .. s. 8 . .•••• 139¾-1413( 139¾-140.¼ 131¼-132¼ s. 9.... 136¼-139¼ 139.).(-140¾ 130¼-131½ 126 -127¾ 10 .... . 138¼-139¼ 138¼-139¼ 129¼-131¼ 125¼-1263,a 11.. .... 138)('-139}.( s. s. 126¼-127½ 12 ...... 138¼-139}.( 138,¼-13!1 180½-132¼ 127 -127¼ 13 ..... 139 -139¾ 138¾-138¼ 129¼' 130¾ 1 -'6¾-121 137}H3B¼ 130¾-131¼' 125¾-126¾ 14...... s. 15 ...... 13!1¼-139.~ 137¼-187¼ 130¾-131¼ s. 16 .... . . 130 -139¼ 13 ,,1,{-137¼ 130¼-131 125%-126 17 ...... 139¾-140.Jr( 137¼-137¼' 129.),.i-130¼ :25¼-126.¾ 18 ...•.. 138¼-140 s. s. 12fi¾-127¾ 19 •••••• 137},-138¼ 136½-137¾ 127¾-12n¼ 126¼-127¾ 20 ..... 138½-139¾ l3ti¼-137¼" 127¼-128¼ 12fi½ - 127¼' 21.... •. 8. 13ti½-1.l7¼' 128¾-128¼ 12G¼-127 22.. .... 138,¾-139¾ Holiday. 127¼-128¾ s. 23 ..••.. 138¾-139,½ 136¾-137¾ 126},(-12 )( 126½-126:% 24 . •••.. 139¾-13:l¼ 135¼-137 124¼-12ti¾ 126%-126½ 25 ..••.. 139¼'-139½ s. s. 12fl,¾-127¼ 26 ...•. . 139½-139¼ 136¾-137¼' 125¼-126¾ 127¾-128 27 ..... 139,¼'-139J, 136½-137 126),(-128¼ 128,¾-12!1¾ ~$...... s. 136 -187 127~-128¼ 128}£-129,½' 211 ...... 139¾-140}4 127,¼-128¼' s. SO •• • •• 140¾-141¼ G. Friday. 125½-127¼ Zl .... .. 139¾-141¾ 127,¾-128¾ llo11th:.1a6¼-144¼ 135¾-140¼ 124¼-116¼ 125 May. 125¼-127 Hfl,¾-128¼ 127¾-128¼ 127¾-127¼ 127¼'-127¼ s. 127¼-128½ 128¼-129¼' 128¼-129]~ 128¾-129¾ 128¼-12'l¼ 128¾-1293,a s. 130¼-130½ 129¼-130¾ 130 -130¼ 129¾-180¼ 12Y¾-130¼ 130 -130¼ B. 130¼-130¼" 130¾-134),( 1:l3¼-138¼ 137¾-139¼ 13!:l¼-141¼ 138 139¼ s. 137 -137½ 137¾-138¾ 138 -138¼ 138¾-140¼ .June. July. 140,½-141 s. 140¾-141½ 153¾-155¼ 152.%-15:J),( s. 140,¼-144 Hotiday. 143¼-146¾ 152,¼-153¾ 143¾-145¼ 153¾-154Ji 14·2 ¾-143¾ 153¾-154½ 138¼-141¾ •S. 189¼-140 151¾-153¾ 148¼'-149¼ s. 137½-139¼ 14!J,¾-150¾ 141¼-143¼ 149½-152¾ 142¼-146!,.( 152¼'-153¼ 145¾-H7¼ 152 -152¼ s. 147¾-149¼ 148¾-149¾ 154 -160 149 -151¼ s. 155¾-167¾ 149 -150.½ 149¼'-lr.4¾ 150 -150¼ 151¼-153¼ 149¼-150½ 148¾-151¼' 148¼- 150¼ s. 148¼-149¾ 151¾-153¼ 150¾-151¾( 150 -150¾ 8. 152 -153¾ 149½-150¾ 149¾-150 154¾-157 149½-150¾ 154,½-156 150 150¾ 151¼'-154 153¼-155 s. 147 -148 152¾-154 148¼-149,:\,( August. September. 148¾-149 145¼-147¾ 145¾-146¾ 146¼'-147¾ 148¾-141¼ 147¼-149¼ s. s. 147½-148¼ 146¾ -147¾ 147¾-148¾ 144¼-145¾ 147¾-148),( 147¼-148¾ 140½-141,?.( 146¼-148 s. 140¾-141¼ 145¾-146¼ 148¾-14'¾ s. 146¼-147¾ 148¾-149¾ 147¾-148¼ 138,¾-140¾ 147¼-l48 145¾-146¼' 148¼-149¼ 147¾-148¾ 138¼-139¾ 145¾-"'.46),( 147¾-148 147 -145 o 188.¾(-139 s. 148 -149 146,¼-147¾ 148¾-149¼ 146 -146¾ U7¾-la8¼ s. 148¾-148½ s. 148}.(-149¾ 146 -146¾ 148¾-148¾ 1~6),(-146¾ 149¼-151¼ 144¼-146¼ 137 -137¼ 148¾-149 145¾-H.6),( 151 -15H¼ s. 136¼-137¼ s. 145;1-146¾ 150,¼-153¼ 143¼-14-t¾ 137¾-138¾ 149¾-149¾ 145¾-146¼ 152¾-154¾ 144¾-145¾ 137¾-137¼ 149¾-150)4' 1~4¼-145¾ 144¾-145.½ 137¾-138¾ s. 150;;(-152 144),(-144¼ 150¾-153¼ 143¼-145¾ 137¾-137¼ 151¾ 152¼ ::!. s. 147¾-150¾ ·141¾-143¾ 150½-151¾ 144¾-14n¾ 147¾-148y,; 141 142½ 137¾-138.Jf 14S¾-151 H4½-145¼ 148¼-148¼ s. 137¼-138¼ s. 145 -145¾ 147 -149¼ 140 -14.1½ 186%-137¼ 141¾-141% 134¾-136¾ 148¼-148¾ 144¾-145¼ 145¼-147 13fl¼-141¼' 133¾-134¼ s. 147¾-148¼" 14.l¾-144 147.'-, -149¼ 143.),(-143¼ 145¾-146¼ 137½-13::l¼ 132¾-133¼ 149¾-151 s. ti. 145¾-147.½ 138¾-139¼ 148¼-150¼ 143¾-144¾ 1 i7 -148_¼( 138¾-139¼ 133¼-133¼ S. (Jtwilltmaa. 144¾'-144¾ 146.!,(-148 146¼-148 1441,(-145¼ 147 -148¾ 138.¾-141¼ 131¼-133¼ s. 13l¼'-132,¾ 146¾-148¾ 144¼-145¾ 145¾-146¼ 140¼-144 140¼-143.¾{ 132 -133J. s. 148¾-14!l¼ 144¼-145¼ 148¼-148¼ 145,¾-146¾ 145¾-146¾ Tll'giving. 132¼-134¼' s. 147,% -148¼ s. 146 -141:i,. 140!,(-141¾ 147¾-148 133 -134 145½-146¾ i 129,lii' 125¼-141¼ 137,¾-167¼ H'i -loo¾ 146¾-152¼ 143¼-147¼ 145¼-154¼ 187¼-148¾ 131¼'-141¼ l.S67. r•ay 01 nouth. J •••••• Ja nl\ry. H oliday. 2 .. .... 1:-l27,(-l:3:-I 3 .... 132¼ - 135 4 ...... 133,%-134¾: 133¼;134.¾ ~ ...... ti...... 7..... ::s. 133%-135)§. 8 ..... 134 -134¼ 9 .. . ... 133%-134},; 10.. 11 ...... 1:l ...... 13... .. 1 1. .... 15 ...... lti ...... 17 .. 18 ...... 19 ...... 20...... 132½-133}.( l !l2½-134 13:1y.-134 s. 134~-1::141/~ 13'1¼:-135¼ 135¼-1!:llj¼ 135½ -137 136¾- 37½ 136¾-r\6½ s. 21. ..... 136¾-136}~ i:l . ..... 23 ...... 2L. .. 25 .••.•• 135,½-136Ya 134%-135½ 184¼-13-'1¼ 133½-13li¾ 26 .. .... 134½-135½ 21... •. s. 28 ...... 131¾-134¾ 29 . .••• 134¾-134¾ 80 ...... H4%-13ti¾ 31.. ... 134¾-135% https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis April. Fehrunry. March . 1:'!5¼-135¾ 138¾-140¾ 133 ~.;-13~¼" l3li¼-136.¾ 138,½-139¼ 13-1},-1!-l4¾ 133¼-134,¼ ::!. s. 133¼-13:-l½ 136.V.-137¾ 138;(-139 136¾-138¼' 136¼-138}.( 132¼-1/la¾ 136%-137 ~, l!-l.'J¾(-1311,¼ 132%-133¼ 137%-139 133¾- i31¼ s. 137½-13~¾ 133¾-1"4¾ 133¼-136 34%-136 137 -137¼ lM½-135 134¼-138 s. 136ri-136¼ 134¾-135¾ 136¼-137¾ 131i¼-1 ~7!,{ 133¼-134¼ 180¾-137¾ 13li¾-U~¼ 13:3¾-13-l¼ 135¾-136 136½-137¾ 1:M],-134}..'. 136¼ -Hlt.¾ 134 -134¾ 134¼-135].( l3liJ.i-137 134,¼i'-134¾ 134¾-134% s. 134%-135¾ s. 136¾-13fi¾ 134 -134¾ 135¼'-137¼ 1:1ti,½-13'i:% l!-l:3%-134½ G'dFriday, 13ti¾-Vl7¾ 134.J,i-134¼" 137¾-139 s. 13i,¼-138¾ 13t½-13-1½ lioliday. 134).(-134½ 137¾-138¼ 138.)i- ; Dtly. 134¾-134.¾ 138 -138¼ ~ s. 138¾-141¼ 137¼-13S¼ 133¼-134¾ 139¼-141.% 13:3¼-13'1¼' 133½-!31¼ 138¼-139% 139¼ -140¾ 134¾-134¾ 136¾-137¾ ;:;. 139¼-140¼ ]!-l4~-134¼ l!H¼-1 4¼" 184¼-136¼ 134¾-1!34¼ 135¼-l3li¼ ~. ~. s. J\fay. July. Jnne. 13.'> -1 ,!5½ 136½;Vl(;¼ 138 -1:38¼' 133¼-135 :),,. 138 -13 ¼' 1:15¼-13li¾ 13li½-137¼ 1387,(-13:3¾ H,,liday. 135½-136¾ 136'!-.i-137¾ s. 13/i¾-136½ 1&'¼-13!}),( 13.'5¾-137¼ 136¾-13fi¼ 138,¾-139¾ 137¼'-138; , 13li¼-l:36V. s. 137¾-138¼ 136¼'-137' 188¼-139 136¼-188¼ 138.¾-138½ s. 136¼-137.¼ 136¼-137¼' 138¾-138¾ 135¾-136¼ 137¾-137½ 138¼-1311¼ s. 1:37.'4'-137¾ i39 -l3!J½ 135¼;'-13574 137 -137¼' 139 -139¾ 135¼'-l:37¼ 137 -137% s. 136,½-13 7,!,.( 137 -137¼" 13!1,¼-139¾ 137 -137¾ 139}~-140¾ s. 1!-l6¼-137¼ 137;,(-1::J7,¾ 1:39,¾-1411¼ 136¼-137,¼ 137¾-1&; 139¼-130¼ s. 137½-138)4' JS9¾-140 136¼-187¼' 137%-137¼ 130¾-139¼ 137 -137¾ ]37 ½-137¼ s. 137½-13873 137½-138¾ 139¾-140 )38¼-138½ 139%-14.0 s. 137,½-13:3¾ 138¾-138!,,( 139¾-139¾ 137 -137.¾ 138½-138¾ 1397;(-1 :39 ➔~ s. 138 -138% 139¼-13fJ¾ 136,¼-137!( 137Ji-:38¼ 13!)¼-140¾ s. 18•i¼-137¾ l:3"1 ¾ -138% 137 , 137½ 137,¼-138½ 140¼-140¾ 137¼-137;!-,. 140 -140¼ s. 136 ¼ -137 }& 139¼-140 185¼-140¼ 1~'3¾-140¼ 132J;-141¾ 135 -13$¼ 136¼-138¼ 138 -HO¼ Angm,t. September. s. · l!lfl½-141., ¼ 13!1½-140),,i.' 141 -141¼' H0¼ -140¾ :41 -141¼ 141¾-142 s. 140 -140¾ 142¼-142¼ 13!J_¼-140¼" 142¾-142¼ 140 -140¾ 142¼-143 S 140¼-140.¾ 141) -140¾ 14~¾-144~ 140 -140¼ 143,¾-144,1,( 144 -145¾ s 140¼-140¾ 145¾-146¼ 144¾-145¼ 140¾-141 140½ -:40¾ 144¼-144¾ 140½-140¾ 140¾-140½ 144 -144¾ 144¼-144¾ 140¼-141 144¾-145¾ s. 141 -141¾ 144 -145.¼ 141¾-141¾ 142½-14:{¼ 140¼-141¼ 142¾-143,1,{ s. 140¾-141¾ 140J~-140¼ 14~¼-143¾ 14.0¼-141¾ 142¼'-14::J !43¼-14.4 8. 140¼-141¾ 143 -!4:-J¾ 141 -141¼ 143¾'-143,¼ 141¾-142¾ 143 -143¾ s. 141 %-14~ 141½-142}a' 143 -143,¼ 141¼-141)4 s. October. N ·vemb~r. l"eeember. 110,¾-140¾ s. 140¼-141¼ 136¼-137 1" 1311¾-137,¼ s. 139!{-141\( 137 -137¼ 139,¼-140¼ 13fi¼-187¼ s. 138¼-:• 9¼ 137),;-137¼ 144,%-145¼ 138¼-1 ~9¾ 136¾-187¼ 8. 144¼ --145¼ 138½-139¼' 143 -144¼ 138)1l-13lH.( 136,½-137¾ 135Jg-136¾ 143¼-144 s. 134¾-135.¼ 143¾-143¼ 138¾ 139 144¼-144¾ 139 -189½ 133>,;'-134¼ s. 139,¼-!40¾ 133¾-133¼ 143¾-144,¼ 139¼ 140¼ 133,!,(-J34X 14371-144¾ 140:V.-141¼ s 143 -143¼ 139¼-140]' 133¾-134¼ 133¾-135 143 -14-1¼ s. !44¼-144¼ 189¼-140¼' ]33¾-134¼!" 143¼-144)i 13!1,¾-139¾· :33½-184¾ 133¾-134 s. 139¼-140 14H¾-144 13fl¼-139.¼ 133],(-133¼ 143.¼(-143¾ 138¼-139.l,! s. 14:-l¾-143¾ 139¼' -140¾ 133 -183¼ 133,¼-133½ 142¼-143¾ s. 141¾-142¾ 139¾-140½ Christmas. 141_¾-142 "t 139.J{-140 133¾-134¼' 8., 189¾(-139¾ 133¼-134¼ 142 -142¾ Thanksgv'g t :~3,¾-133,¼ s. 141½-142¾ 139 -rn9¾ !4•!¾-141¾ 138¼-138¼ 13-'3¾-134 133,!,(-133:rf 140,¼(-14\J¾ !43),(-143,¼ 143¾-144¼ 144Y.-145¾ 141¾-l~fi¼ 144¾-144½ t3D}j-l42¼ 141, -146¾ 140}4'-145¼ 187¼-141¼ 13iH-l't~ .J 28 -· PRICES OF GOL.D. 1868-IS69-1870. October 5, 1868, the number of national banks 1,643; national bank note circulation, $295, 769,{89; United States notes and fractional currency (July 1), $388,768,675. September 24. 1869, a panic, cauBed by combination in the gol d market. Price raised to 16'.!¼ by tbe combination. National bar.ks (Oct. 9, 1869), 1,617; circulation, $293,593,645. United States notes and fractional currency, $388,113,737. Speculators (Feb., 1869), locke 1 up large amounts of green backs in New York City. Throughout 1870 gold market undisturbed. National banks (Dec. 29), 1,648; actual circulation, $296,205,446; United Sta.tea notesa.nd fractional currency (June 30), $395,878,684 1868. Day or 11.onth. January. 1. ..• Holiday. 2 . .•• 133¼'-133¾ 8 .•.• 133¾-134 4.... 133,¼-134~ ,.... s. " · ··· 134¼-135¾ '1 .. .. 135,¾-137.¾ 8.... 136,¾-137¾ 9.... 135¾-136,¼ 10.. .. 137¾-137¾ 11 . .•• 137¾-138¼ 12.... s. 13 . •. . 138,½-140¾ 14 . ... 140¼-142¼ 15 .... 138;½'-140¾ 16 ..• • 139¼-140,¾ 17 . ... 1387,(-139 18.... 138¾-138¼ s. 19 . .•. 20 .... 138¼ -139¼ 'U .•• • 138¼-139.¾ .&2 ••• 139 -139¼ 2-'L •• 139¾-140,½ 24 ..•• 140 -140¼ 25 . .•• 139,¾-140¼ 26 .••• s. 18 .... 29 . ... ~-... ;1.... 140¼-141¼ 140,¾-141.J,( 140,¾-141 140>. 140¾ tr .... 140¾ - 141¾ May. April. 138¼-138¼ 139¾-139¾ 13!J,¾-13!J¾ 140¼-141¼ 137¼-138¼ s. s. 140,¼-141¾ 140¼-141¼' 137¼-138 141¾-141¼ 140,¾-141¼ 138¼-138¼ 139¼-139¼ s. 139¼-139¾ 140¼-141¼ 141 -141¼ 141¾-141¼' 137.¾-138¼ 139¼-139,½ 141,¼-142 141¼- 142¼ 140,¾- 141¼ 137¼-138¾ 139,¾-139¼ s. 138¼-138¾ 139_½-139¼ -142,¼ 142 139,¾-140½ 138¼-138¾ 139,¾-140¼ s. s. 142¼-143¾ 139¼-140¾ G'dF'riday 141¼-142.¾ 1397-(-139¼ 138¼-138.¾ 139¼-140¾ 139,¾-139¼ s. 141¼ 141¼ 13!J¾-140¼ 138¼-139 139¾-139¼ 140¾-141¼ 139½-140 139¼- 140¾ 138¼- 139¾ 138¾-138½ 139¼- 140.!,( 138¼-138¾ 139¾-139¼ s. 140%- 141¾ 138¾- 139¼ 138 -138¼ 139,¾-139.¾ s. s. 140¼-141¾ 139 -139¾ 138¼-138¾ 140,¾-1413' 1383:(-138¼ 138,½-138¼ 139¾-189,½ 139¾-139¼ s. 140.),,(- 140¼ 138¼-138¼ 139¾-13\J¼ 140 - 140,¾ 138¼- 138¾ 138¾-139 140,¼-141¼ 138¾-139.¾ 138¼ - 130¾ 139¼-139½ 13!),¾-140.¾ 139½-140 s. Holiday. 13!1½-140¾ 139¾-139½ 138¾-139 s. s. 137¼-138¾ 13H -140 142¼- 144 139¼-140 138¼-139¼ 141¼-142¼ 138¼-138¼ s. 139¼- 140¼ 141¾-141¾ 138¼'-138.¾ 140,¾- 141.¾ 138¼-138¼ 138¼- 130),i 139½-140¼ 141¼- 141¾ 138¾- 138¾ 139 -139,¼ 139¾-139.¼ 139 -139,¾ 139.).(-1311¼ s. 141¼-141¼ 138 -139¼ 139¾-13{/)t 139,½-139¼ s. 138,¾-138¼ :March. February, 140,¾-14U¼ s. ·· ········· .......... kooth.133¼-142J.C 139¼- 144 ··········· June. 139¼-139¼ 139 ¾-140¼ 139¼-140¼' 140 -140¼ 139,¾-140 139,½8~39,¼ 139,¾-139¼ 139,¾-139¼ 139¼-139¼ 139¼-140 139½-140¼ 139½-140 s. 140 -140¼ 140¾- 140¾ 140,¾-141.J,( 140 -140¼ 140,½-140½ 140.¾-140½ s. 140¼-140¾ 140 -140¾ 140¼-140 ¾ 140¼-140½ 140 -140.),( 140 -t40.¾ s. 140 -140),( 140,¾- 140¾ ..... ..... . July. "" Angu11t. 140¼-140~ 144¼-145¾ ·s. 140¼-140,½ 140.),,(-140¼ 145 -145¾ Holiday. 145¾-146¾ s. 147 -148¼ 140¾-140¼ 148,½ 150 140¾ -141 147¼- 148¼ 140¾-141 147 -147¼ 140¾- 140¼ s. 140¾-140¼ 146¾-147¼ 140 -141¼ 145¾-146¾ s. 146M-146¼ 141.l,(- 141¼ 147¼- 147;~ 141¾-142¼ 146¼-148 141¼-142.¾ 146¼--146¼ 1427,(-142¼ s. 142¾- 143¼ 1467-(-147.),( 1437,(-144 145¼-146¾ s. 144½-145¾ 143 - 143¾ 143¾-144¼ 142¾-143¼ 143¼- 144¼ 14:3 -143¾ 143¼- 144¼ 143¼-143¾ s. 143¼ - 143¼ 144¾ 145¼ 143¼-143.¾ 144,¾-146 s. 144 - 145 143,¾- 144¼ 144,¾-145¼ 14-3¼-144¼ 144¼ - 145¼ 144 -144.¾ 144¼- 145 144,¾- 145¼ s. 144¾-145},( · 144,¾- 145 137,¼- 141¼ 137¼-140¼ 139¾-140>, 139¾-141.!.( 143¾-145J£ 143¼-150 September. 144¾-145 144¼-145¾ 143¼-144½ 143¼-144¾ 144¼-144¼ s. 144¼-145 144¼-144¾ 144¼-144¼ 144¾-144¾ 143½-144¾ 144 -144¾ s. 143_¾-144 143¼-144¾ 144¼-144?/a 144¾-144¼ 144¾-144,¾ 144.¾-144¾ s. 143¾-144¾ 142¾-143¾ 142¼-143¼ 141¼- 142¾ 141 ¾-142,¼ 142¾- 142)t s. 141¼-1423:( 141¼-141¼ 141¼-141¾ ···· ·· ····· October. November. 139,¾-140¼ s. 139¼-140,½ 133 -133¾ 139¾-140¼ 133,\{-133¼ s. 133 -133¼ 139¼- 140¾ 132¾-132¼ 139¼-'140¼ 132 -132),( . 139¼-140¼ 133¼-134,¾ 138¼-139¼ s. 138¼-139¼ 134),(-134¼ 138¾-138¼ 134.¾-135¼ s. 133¾-134¼ 131¾-138¼' 133,¾-134¾ 137¾-138 133,¾-134¼ 136¼-137¾ 134¾-135 137,¾-138,¾ s. 137.!,(- 137¼ 135,¾-137 136),i-137¼ 134¾-136½ s. 133¼-135¼ 131\¼-137¾ 134}f-135 136¼-137¾ 134),i-134¼ 136,¾-136¼ 134,¾-134¼ 135¾-135,¼ s. 135 -136 134 -134¼ 134¾-135¼ 134¼-134¾ s. 134,¾-135¼ 133¼-134¾ 'l'hank..<g'g. 134¼-134¼ 135 -135½ 133¼-134¾ 134\:135¼ 134¼-131¾ 134 -134),lf 135),-135¼' 133,¾-134 !41¾-145¾ 133¼-140~ December, 135 -135; 134½-135 134¼-135 135¼-185¼ 135,¾-136¼ s. 135¾-136¼ 135,¼-136¼ 135¾-135~ 135,¾-136 135¾-136.J,( 135,M- 135¼ 8. 135¼-1357' 135¼-135¼ 135 -135¾ 134¾-135¼ 134,¾-135~ 135 -135 s. 134¾-135¼ 135 -135)4' 138¾-135 134,¾-135¼ Christmaa. 184¼- 135 s. ........... 134¼-lBa 134¾- 134~ 134,¾- 1a4¼ 134¼-136 l~ -137 184¼-lSGN November. 128¾- 128¾ 1277,(- 128 127 -127¾ 126¾-127¾ 126.¾-127¾ 126¾-127¼ December 121 - 122¼ 122¼-12 .: % 122¾-122¾ 122¾-123 1217,(-128¾ 119¾-124 ISG9. • ct D liy ·or month. January. .. ,. February. Marcb, 1.... Holiday. 135¾-136),( 131¾-132 2 .... 134¼-135¼ 135¾- 135¼ 131 ¼-132),( 3.... 8. 135.J,t-135¼ 131.¼-132¼ 4 . ••• 135¾-135>, 135),(-135¾ 131¾-131¼ 5 . ... 184¾-135¼ 135 -13.53:( 131 -131.¾ 6 . ..• 134¼-135¾ 135 -135¼ 130¾- 130½ 7 ...• 135¼-135,li s. s. 8 . ... 134¼-135¾ 13.5¼- 135¾ 131¾-132 9 . ... 135¼-135¾ 135 -135¼ 130¼-131¾ 10 .. .. s. 134¼-135¾ 131.¾-132 11. .•• 135¼-135¼ 135¼-135¾ 131¾-131¼ 12 ... . 135¼-13.5¾ 135¼-135¾ 131 -181,¾ H ..•• 135¾-135¼ 134½-135¾ 131.!,{-131¼ 14 . ... 136¼136¾ s. s. 15 . ..• 136.).(-136¼ 135 -135¼ 131 -1?1¼ 16 ..•• 136¾- 136¾ 135 -135~ 131 ¾-131¾ 17. .•• s. 134¼-135¼' 131,¾-131¼ 18 .... 13.'5,¼-136¾ 134½-135.!,{ 130¼-131¼ 19 . .. . 13.5,¼-135.¾ 133¾-134¼ 130,¾-131¼ 20 .. .. 135¼-135¾ 133.J,(-133,¾ 130.¾-131¾ s. 21 ...• 135¾-135¼ s. llo iday. 131 -131¾ 22 .... 135,¼- 135¼ 23 . .•• 135¾-136¾ 132.¾-133¾ 131 -131¼ 24 ..•. s. 132¾-132¼ 131),(-131.¾ 15 .. .. 136¼-136¾ 132¾-13-'3¼ 131 -1313,( 26 . ... 136¼-13fi¾ 131¼-132},( frdFri rtay. 27 .. •• 136¾-136.¾ · 130¼- 131¼ 130¼- 131,1' s. 28 .... 136¾- 136¾ s. 131.Ya-131¾ 29 .. .. 136,V.- 136¾ 131 ¼-131.¾ 80 .••• 136 -136¾ 131.l,(-131,¾ a1.. •• s. .......... .......... .......... llonth134¾-135" April. May. 181¾-131_¾ 134,¼-134¼ 131,¾-132 8. 131¾-131¼ 135¼-136 135¾-136¾ 131¾-131¼ 135>,-135,~ 131¾-131~ 136 -136.J,( 131,¾-131¼ 136¾-137¾ 131¾-132•, 137¾-139 132},-133¼ s. 132~-133¼ 137 -137¾ s. l!H¼-138¼ 13.'3 - 133¾ 137¼-138¾ 132½-132¼ 137¼- 138¾ 132¾-138 1:38,¾-138¼ 132¾-132.¾ 139 -139.¾ la2¾- 13'3¾ s. 133¼-133¼ 141 -141¼ 141,½-142,¾ s. 133,½-133¼ 141¼-144 133¼-13-1¼ 143¾-144.¼ 134),(-134¾ 141¼-144¼ 134 -134¾ 140)f-141¼ 133¾-133.¾( s. 133,1'-133¼ 141 ¼-142.¾ 140¾-141.),( s. 133¾-13.'3¾ 139¾- 140¼ 133,¼-134 138¼-139,½ 133½-133¼ 13()},(-13!-I¼ 133¾-134.¾ 139.!,(-140¾ s. 134¾-134¼ 138,½-139 s. 130¼-136¾ 130¾- 132,¾ 131¾-134¾ 134,¾-144¾ Aur.et. June. July. 138¾-139.¾ 136¼-137¾ 138¾-139.¾ 136¾-137¾ 136 -136¼ 138},-138.¾ 1367,(-137¾ 135¾- 136¼ s. 135¾-136 137.¼-138¼ Hol iday. 136 -186¾ 138¾-138.¾ 135.),,(-137 s. 136¼- 136¾ 138¾-138¼ 134},(-1&'5¾ 136¾-136_¾( 135;!,J(-135¼ 138.¾- 13!) s. 138.¼- l ::!93,! 135¾-136¼' 135 ¾-136¾ 138% - 1::i!J¼' 135¼- 135¼ 135¾- 1!35¾ 138¼- 13!1¾ s. 135 -1!35,½ 138,¼- 139¾ 1363(- 137¼ 134¼-135¾ S. 136¼-137¼ 134¾- 134¼ 138¼-139¾ 137 -1!37.¾ 133%-134¾ s. 137¼-138¼ 136¾-137 137,¾-138¼ 135¼-136¼ 133,¾-134 137¼- 138¾( 135,¾- 135½ 133 -133¾ s. 136¼- 137¼ 132¼-133¾ 136),lf-137 135¼-136\( 182¼-1333,( s. l::l."i¾- 13."i,½ 132¾-133 136½-137.¾ 135 - 135.¾ 131J,-i-132 137,¾-138¾ 135¼ 135,½ s. 137 -137¾ 1· 5,¼'-135¾ 131,½-132.¾ 136.¾-137¼ 135¾-136¼ 132.¾-lii2¼ 137 -l'.i7.¾ s. 132½- 133.¼ 1373,(-137¾ 136¾-137,¼ 132¼-133½ s. 136¾-137¾ 132.¾-134¾ 137!,.(-137¾ 13."iJ{-136¼ 133¼- 134¼ 137¼- 137.¾ 1!35¾-136.¾ s. 137 -137),( 136.),,(-136¾ 133,¾-134 136¾-136¾ 133¾-133¼ 136,¾-139¾ 134¾-137¾ September. October. 133¼-133.¾ 130 -130.¾ 1333,(-135¾ 129,¾-130¼ s. 135¾-136 135¾- 137¼' 128¾-130 s. 128¼--130¼ 137 -137¾ 130 -131 136¾-137 lBl.¾-132 134¼-l::Jll 1::J0¾-1~1¾ 135¼-135¾ 130,¾-130¾ 135 -1353,( s. 135¾-135¼ 130¾(-130¾ s. 130¼- 130.¾ 135,½-lii5¼ 130¾-130,¼' .]35¾-136.¾ 130 - 130¼ 136¾-136¾ 130 -1=~0¾ 13fi.J,,(-13fi¾ 130 -130¾ l3ti¾-136¾ s. 136¾-136¼ 130 -130¾ s. 130 -130¾ 136¾-137¾ 130 -130¾ 137¾-137¼ 130¼-131¼ 137¾-140,¾ 130¼-131¾ 1 :l_½-143.¾ 130¼-131¾ 133 -162½ s. 130¾-131¾ 1 01/e-130¾ 129¼-130¾ 128¼-129¾ 128¾-128.¼ t129.¾-132 128¾-129¾ •.... s:· ... •• • . ........ s. 131,¾-136,½ 129¾-1G5,¼ 128},(-132 s. 122¼-123¾ 122¼-12374 12fi¾-1'1fi¼ 12.'3 ¾-124 126½-127¾ 12.'3¾-12.'3¼ 12(lJ{-127¼ 122¼- 123}.( 126¾-127 123¾- 123¾ s. 126¾ - 12fi¼ 122¾-123 126.¾- 127 122 -122¼ s. 126¾-127¾ 121¾-121¼ 127¾-127¼' 121,¾-121½ 126½-127¾ 120¾-121½ 'I h'ksqiv·r, 120¾-120½ s. 126,½-126¾ 126,½-l2!i¾ 120¾-121¼ s. 119¼-121½ 126¾-126,½ 120¼-120¼ 126,¾-12fi¼ 120,¾-120½ 125¼-l~fi¾ f120¾-120% 124¾-125¾ Hd-iday. 124_½- 124¼ s. 123¼-125 120¾-120¾ 120 -120¾ s. 121,¾-12-'3 119¾-120 121¼-122.¾ 119¾-120 119¾-120¾ s. •No tramsactions; Board adjourned. tCalled at National Stock Rxchanl,{e, highest and lowest pricc,s of sales at that Board. 1:80 P. K .• out of respect to the memory of Hon. E. M. Stanton. i,Adjourned at - 1870. D:1yof month. January. 1 1. .•••• Hotiday. February. 121¼-121¼ 121.),,(-121¼ s. 2 .••••• 3 ...... 119"-120¼ 120¾-121¾ 4 .••••• 11 9¾-119¾ 120¾-120¼ 120.¾-12<l¼ 5 .•• : •• ll!J¼-120 s. 6 ...... 120¼'-120]{ 7 .••••• 121 }-.-122.¾ 120,¾-121¾ 120,¾-120¼ 8 ...... 122 -123 120¾-120¾ s. 9 .••••• 10 .••••• 121¼-123.31( 120,¾- 120J( 11. .... ; 121¾-122¼ 119¾-120¼ 12 ...... 121 ~~-122¾ 119~~120¼ 18 .. .... 121),(-122 14 ..• ... 121,¾-121¾ )19,¾-119¼ 15 ..•... 121¾- 121¼ 119¾-120 119¾-120 s. 16 .. •••. 17 .. •.•• 121¼- 121¾ 119¾-119¾ 18 ..•. •• lf.!1¾-121¼ 119 -119¾ 19 ..•••. ]21,¾-121" 118¼-119¼ s. 20 .•• ••• 120¾-121 ¼ 118¼-119¼ 21.. •••• 120,¾-121 ~ .••••• 120.),(-120¾ 1-lotidnr 117¾-11 ¼ s. 14.. .... 121 -1'"¼ 116,¾-117¾ ~ ..•••• 121 -12':..1' 1i6;,-117¾ Iii ...••• 121,¾-121¼ 115.¼-117¾ s. t1 . ..••• 121¾-122¼ 18 . .•••• 121,¾-121.¾ 115¾-116,¼ 911 .... •• 121¾- 121¼ ~--···· IO .•.• •• s. 11.. .... 121¼- 121¾ ~ ....-..... May. June. April. March. 114),(-114¾ s. 115 -115¼ 111,¾-111¼ 114,¾-114¼ 115 -116¾ lll¼-111¼' 114½-115½ 114,¼-115 114.¾-114¾ s. 115¼-115¾ 111¼-111¼ 114¾-114½ 114.J,(-114¼ 112.¾-114 s. 111¼-112¼ 114,½'-114¾ 112¼-114 111¼-112¼ 114¾-114¼ 113¼-114¾ s. 112,¾-113),.{ 112,¼'-112¼ 114¼-115¾ 113½-114 113}£-lla¼ s. 110¼-112¾ 112,¾-112.¾ 110),(-111¾ 113¾-113.¾ 114,½-114¼ 113¾- 113¼ 114~,-115 113¾-113¾ s. 110,¾.-111.).( 112,½-113¼ 112¾-114¾ 114J{-115¼' 113),(-113¼ s. 111¼-112¼ 112.J,.{-113¾ 115 -115¾ 112¾-112¼ 114¼-115Ji 112¼-113¾ s. 112,¾113 112¼-113 114¾-114½ 111¾- 113¾ s. 112,¾- 113¾ 111,¾- 112}' 112¾-113¾ 111¼-112.),( 113,¾-113¼ 114,¾-114¾ 113¾-113¾ 114¼-115 s. 112¾-113;' 112 -112¼ 112.¾-113¼ 111¼-112,l,( 113),(-113¼ 114¼-115 s. 112 -112¾ 113.J,(- 113¾ 114,¾-114¼ 116¾-113¾ 114,¾-114¼ 112¾-112¼ s. 1127,(- 112¼ 112,¾-112½ 114¾-114¼ 112¼-112¼ s. 112¾-112¼ 112,!,(-112.¾ 112¾-113 112],(-112¼ 113¼-113¾ 113¼-114¾ 111,½-lll¼ s. 113¾-114¼ 111,!,(--111¼ 112¾-112¾ 111¼- 112¾ 1137,(-113¼ 114¼'-114¾ 111 -111¼' s. UJ.¾-111¼ 113.),,(-113¼ 114¼-114¾ 113%-114¾ lH}.'.-115¾ 110¼-111¾ s. 111¼-111¾ 114¾-115¾ 114,¼- 114 ~ 110¼-111¾ s. 1117,(-111¾ 114JH15¾ 111¾-112 111¼-112¼ 114,¾-115¼ 114¾ -114¾ 111¼ -111¼ 114~- 114¾ 111¼-112¾ , .. ... -..... ....• ..... July. August. 111¼-112¾ 120¼-121¾ lll.¼-112¾ 121,¾-12'2 s. 121¼-121¼ Ho 1iday. 121¾.-122 111¼-111 ¾ 121.),,(-121¾ 111¾-111¼ 120~~121¾ 1117-(-112.~ 111¼-112¾ 118¼-119¾ 112 -112¾ 117¼- 118¾ 116¾- 118 s. 1137'-115¾ 115¼-117¼ 113 -114¾ 117¾-118 112 -112¼ 117,¼-117¼ 112.¾-113½ s. 114 -115¼ 116,¼-117¼ 116.!,{-llfi¼ 116¼-117.J,( s. 117¼'-117Ji 117¾-122¼ 116¾-117¾ 120¼-122,¾ 116 -116),( 121¼-122¾ 114,¾-115¼ 120,¾-121½ s. 118,¾-119¼ 115¼-115¼ 119,¾-120.¾ 115¼-116.¾ s. 116¾-117¼ 120,¼-121J,.{ 116 ¾-118 120¾-121.¾ 116¼,'-116¼ 121 -122 116¾ -116½ 121!,-122 s. 120¾-121.¼ 116¾- 116.¾ 116 -116¾ 1201~121 116¼- 117¾ ----- 1(011t~. 119}i-123¼ 115~-121" 110~-116¼ 111¼-115¾ 113¼-1Ul,l( l,UHH14¼ 111¼ .122¼ 114¼-122 https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis September. October. 116¾- 116¼ 113\~114 llliJ,-116¾ 114 -115¾ 113¾-113¼ s. 113 -113¾ 113),(- 114¼ 113 -WI),( 114,¾ 115 · 112,¾- 1J3 114¾- 114¼ 113 - 113?1 113¾-114¾ 113~-113¼ 113¼-114¼ s. 113,¾-114¼ 113¼-113¼ s. 113¾-113¼ 113¾- 113¼ 113),(-l 13¼ 113¾- 114 113J.( 114J,.{ 114 - 114¾ 113;-' -113¼ 113¼- 114¾ 113 - 113¾ 114 -114¼ s. 113,¼-114¾ 113 - 118¾ s. 112½-113 113_¾-114 112¾-112¼ 113];:(-113¼ 112JH 13¼ 115¾ -113¼ 112)1- 112¼ 113¼ -113¼ 112¾-113 113 - 113¼ s. 112\~113¼ 111¼-112¼ lll;½' - 111¼ 1127,(-113¾ 111¼-112¼ 1137,(- 113.¼ lll li-112¼ 113,¾-1l4 lll¾-111¼ 113¾-114 111¾-111¼ . s. lioti: day. 111¼-lll.¾ November. December. 111¼-111¼ 110¾- 110¼ ll0Ya-111 ¼ 110¾ 111¼ 110),lf- 110¼ 111 -111¼ 110 -110,¾ s. 110¼- 110¾ 110¼ -111¼ s. 110_¾-110¼ 110,¼-110¼ 110¾-110¼ 110½- 110¾ 110¾ -110¼ 110¾- 110¾ 110¼-110¼ 110¾-110¾ 110\~111 110¼ -111¾ 111 -111¾ 110¾ · 110¼ s. 110¼- 110¾ 111,¼-112¼ 110,¾- lll 110¼ 111.¾ 111 -1113( 111¼ 112¾ 110¼ - 110¼ 112.¾(- 113;,( 110½-110¼ 112),lf- 113¼ s. 112¼ 112¼ 110¾-110¼ s. 110,¾-110¾ 111.¾-111¼ 110¾-110¼ 111¾ - 112 110¼-110¾ 111¾-112¾ 110,¾-110¼ H -ti dny . 110Jtll0¼ llU~- 112¼ 111¼- 112 Rofiday. s. 110¾-110¼ 111¾-111¾ 110¼- 111 111 - 111¾ 110¾ -110¼ 110¼-111¼ 110¾ 110½ 110¾- llOJ' 112.),(-116.¼ 111¾-113¼ 110 -118¼ 20 PRICES OF GOLD. ~ 18'1-181f2-18i3. In 1871 gold gradually declined, opening at i10-S-@110-! and closing 109@109¼. Maximum (Sept. 23), 11:if; minimum (Dec. 22), 108!, National banks (Dec. 16), 1,790: ·note circulation, $318,265,481 ; United States notes and fractional currency ot1tstanding (June 30), $395,878,684. Chicago fire (Oct. 8-11) disturbs the money markets. In 1872 gold steady throughout year. No special disturbance in market. Opening, 109!@109!; cloAing, 112@112¼, Banks (Oct. 8), 1,919; national bank circulation, $333,495,027; Un_ited States notes and fractional currency afloat (July 1), $398,355,835. 1873.-The price of gold opened · in January at 112¼, and advanced pretty steadily until it reached llQt, on the 12th of April, which was the highest point reached during the year. During the financial crisis gold declined materially, and on the 6th of November touched 106¼, the lowest point since 1862. The decline to so low a point was simply the result of the monetary disturbimce and the fact that there was, for t he time being, no demand for gold either from speculato rs or importers. An int,·resting movement ·· of the year was the import of specie from Great Britain during the panic, the Custom House record ai New York showing an import of about $9,820,883 in October, and $3,608,190 in November. sn. ·.ranuary. s. 1 . . .. i .... Holiday. a..... 4 ...•• 5 ..... 6 ..... '1 . . .. . 8 •..•. Q••••• 1(\••••• 11 ..... 12 ..... 13 ...•. 14 .... 15 •.... 16 ..... 17 .•• . . 1g ..... 1 ..... February. 111¾-111¾ 111_½- lll¼ 110¾-'-110¼ 111¾-111¾ 110¼-110¼ 111¼-111¼ s. 110,¼-110¼ 110,¼-110¼ 111¼-112J,&' 110¼-110¼ 111¼-112 111¾-111¼ s. 110¾-110½ 111¾-111¼ 110_¼-111¼ 111¼-111¼ 110¼-111¾ 111¼-111¼ s. 110¼-111 111¾-111¼ 110¼ 111 110¾-110¼ 111 -111¼ 110¼-111¼ s. 110,¼-110¼ 111¼-111½ 110¼-1 10¼ 111 -111¾ 110_¾-110¼ 111¼'-lll¼ s. 110_¾-110¼ 110¼-110¼ 111¼"-111¼ 111¾-111¼ 110¾-110¼ March. 110¼-111¼ 110¼- 111 110¼·111¼ 110¼-111¼ s. 110¼-111 111 -111¼ 111¼-111¾ 111.%-111¾ 111 ¼-111.¼ 111¾- 111¼' s. 111¼"-111¾ 111¾-111½ 111¾-111¼ 111¾-111¼ 111¾-111.¾ 111 -111¾ s. 110¼-111¼ lU -111¾ Holiday. 110¼-111¼ s. 110¼-111¼ 110_¾-110¾ 111¼-111½ ta ..... 24 .•••• 110¾-110¼ 111¼"-111¼ 110¼-111 25 ..... 110¼-110¾ 111¼-111-" 110¼ 110¼ s. s. 26 ..... 110,¼-110¼ 27 ..... ll0½-110¼ 111 -111¼ 110¼-!10¼ 28 .. . .. 110_½-110¾ 110¼- 111¼ 110¾-110¼ s, 110¾-110¾ 29 ..... 110¾-110¾ 30 ..... 110_¾-111¼ 110¾-110]' 31. .... 111 -111¼ 20 ..... 21. .... 22 ..... April. May. August. June. July. 110¾-110¼ 111¾-111¼ 111¼-112¼ 113¼-113¼ 112¼-112¾ s. 112 -lU¼ s. 111¾· 111¼ 112¾-112¾ 110,¼-110¼ 111 -lll¾ 111¼-112)1( Holiday. 112 · -1123.( Holida:v . 112¾-1123.( s. 110,¼- 110¼ 111 -111¾ 110¼-110¼ 111¼-111¼ 111¼ -112¾ 113¾-118¼ 112¼-112¼ s. 110,!,(-110¼ 111 -111¾ 112¼- 112½ 113¾-113¼ Holiday. s. 112¼- 112¼" 113¾-113¾ 112¼-112¾ 110¾- 110¼ 111 -111¾ 112¾- 112¼ 113¾-113,14' 112¼-112¼ s. s. 111¼-112¾ 111¾-111¼' 112¾-1121,( 110¾-110¼ 111¾- 111¼' 112¼ - 112¾ 112¾-112¼ 111¾-lli! s. 112),.(-112~, 112 -112¾ 110,!,(-110¾ 111¾-111¼ 110),.(-110¾ 111¾-lll¾ 112¾-112¼ , 1123.(-112¾ 112Jr(-112~ s. 110¼-110¼ 111¾-111¼ 112¾-112¾ 111Y.-l12j-{ 112 -112¾ 112 -112],( 112_¾-112¾ s. 110¾-110¼ 110¾-110¼ 111¾-111" 112),(-112¼ 112¾-112¼ 112¾-112¼ s. s. 112¼-112¾ 111¾-111¼ 1123.(-112¼ 110½-110¼ 111¼-111¼ 112¾-112.¾ 112¾- 112.¾ lli¾-112¾ s 112¾-112¼ 112¼-113¾ 110¼-lll;l-~ 111¼-112¼ 1 I 13.(-111,¼ 111¼-1123(' 112¾-112¾ 1123.(-112¼ 112.¾-112¼ . S. 112¾-112.¾ 112¾-112¾ 111 -111¼ lll¼-112 s. 112),.(-112¼ 112¼-112¾ 112¾-112¼ 110¼-111¾ 112¾-112¼ 111¼-112 111¼-112 112¾-112¾ 110¼-111 s. s. 1123.(-112¾ 111¼-111¼ 112¾-112¼ 112,¼-112.¾ 110¼-110¼ 111¾-111.¾ 112¾-112¼ 111¾-112 s. 112¼- 112¾ 112¾-112¾ 110¼-111 111¼-lll¼ 110_¾-110¼ 111¾-111¼ 112¾-112¼ 112.¼;"-112¼ 112,¼-112¼ s. 110¾-111¼ lll¼-111¼ 112¾ - 112~ 112 -112½ 112¼-113¾ 112 -112¾ 112¾-112¼ s. 110¼-111.1' 111¼-111>& 1'1¾-111¼ 112¼-113¾ 112 -112¼ 112¾-112¼ s. s. 112¾-112¼ 111¼ 111¼ 112.Ya-113¾ 111¾-111¼ ............ 1U -112¾ 112¾-113 ··········· ---- ........... Month. 110¼-111¼ 110¾-112¾ 110¾-111¼ 110¾-111¼' 111 -112~ 111¼-113¼ 111¼-113¼ 111¼-113 September. October. 112¾-112¼ s. 112¼-112¼ 114¼-114¼ s. 114 -114¼ 112¼-113 113¾-lH 113¾-11-~3.( 113¼-114¼ 113.¾-113¾ 114¾-114¼ 113¾-113¼ 114¼-115 113,¼- 113¾ s. 113¼-113¼ 114¾-114-"'. s. 113¼-114¼ 113¼-114¾ 114 -114¼ 113¼-114¾ 114 -1H¼ 113¼-114¾ 114¼-114¼ 113¼-114¾ 114¾-114¼ 114 -1143(' s. l li¼-114¾ 1133(-114 s. 113¾-113¼ 114",114¼ 113¼-113¼ 112),{-113 114~ 115 114J, -114.¾ 112 -112¾ 113_¼-114.¾ 112 -112¼ 113.Ya-114¼ s. 114¼-115¾ 1123.(-112¼ s. 111¼-112¼ 114¼-115 111¼-111?i 114 -114¼ 111¾-112½' 114¾-114¼ 111¼-112 114¼-115 111¾-112¾ 114¾-114¼ s. 114¼-114.¾ 111¼-111:V. 111¼-112]4 .... ······ 112¼-115¼ 111.la-111 November. December 112 -112¼ 110¼-110¾ 112 -112¼ llOJ(-110¾ 111¼-112 s. 111¼-112 110¼-110¼ s. 110 -110.J.t 111¼··112¼ 109¾-110 Holiday. 109¾-109¼ 111¼-111¼ 109¼-ll0Ji( 111¾ --111¼ 109_¼- 110¼ 111¾-111¾ s. 111½-111¼ 109,¼-110 1093(-109¼ 111¼-111¼ 109)1(-109¾ 111 -111½ 1093(-109¼ 111¾-111¾ 1093(-109¼ 111 -1113( 1~ -109Ji( 111¾-1113' 8. 111 -111¾ 101 -109l( 109 -100¼ 110¼-111 108¼-109 110¾-110¼' 108¼-108-'( 110¾-110¼ 108_¾-108¼ 110¾-110.¾ 108¾-108" 110¼-111¼ S. 110¼-110¼ Holiday. s. 108¾-108-'( 110¼-111 108¾-108¼ 110¾ 111 108¼-108¼ 110¾-111¾ 108¼-109¼ Holiday. 109 -109¼ s• s. s. ··········· 110¼ -llflY 108¼-ll0Ji 18'12. Day of January. 1 ..... (Holiday.) Montb. 2 ..... 8 ..... 4 ..... 5 • . .. &..... 7 ..... 8 ..... 9 .... lll ..... 109¼-109¼ 10!.1 -109.¾ 109 -109¾ 109¼-109}( 108_¼-109¾ s. 109¾-109¼ 108¼-109¾ 108_¾-109 108¾-108¼ 108¾-108¼ :JtS.Ya-109¾ 11. .... 12 ..... 13 ..... 1,1. .... s. 15 ...•• 108¼-109¾ 16 ...•• 108¼-109 17 ..••• 108¾-109¾ 18 ..... 108¼-109 ' 19 ..... 108¼-109¾ 20 ..... 109 -109,1.( 21. .•• s. 22 ..... 109 -109¼' 2-':3 . .... 108_¼-109 24 ..... 108.Ya-109 25 ...•• 109 -109¼ 26 . .... 109 -109.l,( 27 .... 109¾-109¼ s. 28 ..••. 29 ..... 109_¾-1!0 .., 30 ..••• 109_½-109¼ 31 ..... 1011¼-110¾ February, March. April. 109¼-110 110 -UOJ,( 110 -110¾ 109¾-109¼ 110¾-110¼ 109¼-110 8. 109.Ya-110¼ 109¾- 109¼ 110 -110¾ 110 -110¼ s. 110 -!10¼ 110 -110¼ 110¼-110¾ 109¼-110¾ 110 -110¼ 110;,(-110¼ S. 109¼-110¼ 110 -110.~ 110,¼-110¼ 110¼-110¾ 110}(-110¼ 110¼'-110¼ 110 -110¼ 1!0.Jr(-110¼ 110.Jr(-110¼ s. 110¾-110¼ 110¼-110¼ 110¾-110¾ s. 110¾- llO¾ 110¼-110¾ 1 10¾-110.¾ 110¼-110½ 110 -110¼ 110,¼-110.¾ s. 110¼-110¾ 110 -110;,( 110¾-110¾ 110 -110¼ 110¾-110:V. 110),.(-110¾ 110¼-110)1( 110¼-111,a s. 110¼-111¼ 110¼-110¾ 110 -110.1,( 110.Ya-111¾ s. l10¾-11C¼ 109¼-110¼ 111¼-111¼' 111¼"-111¼ 110¼-110¼ 109¾-110 s. 110¾-110¼ 109¼-109¼ . Holiday. 1L9¾-10;J_¼ 111¼-111¾ 111¾-ll!¾ 109¼-110 110%'.-lll :,. 111¾-112¼ 110¼-111 1()9~,-109¼ 112¼-112¼ s. 112¼-113.l,( 110¼-116¼ 109¾-110 110¾-110¾ 110 -110],( 112¾-113 s. llU¾-110¾ 110¼-110.¾ lO!J.Ya-110,!,;( Holiday. 112¾-112¼ 112¼112¾ 110 -110¾ ····· ..... ........... ---- Month. 108¾-110¼ 109¼-111 s. lOIJ¼-110¼ ..- ········ - -- 100¼-1183' May, June. 114 -114l( 8. 114¾-114¼ 114 ~ -114¼ 114¾-114¼ 114¼-114¼ 113¼-114¼ l Jn17i, August. September. October, November, D:-:ce;r•• 113¾-113.¾ 113¾-114¼ 113¼-114 113.Ya-114]4 114 -114J,&' s. 113.¾-114¾ ,14¾-114¾ 111¼-114¾ 113½-114¾ s. 113.¾-114¾ 113)1(-113¼ 113½-114¾ 113¼-114 113¼- 114 113¾-114¼ 113.¾ 114 S. 113¼-114¼ 113¼-114¼ 113¼-!14 113¼-113¼ 11::l¼-114¼ s. 113¾-113¼ 113_¼-113¼ 113),.(-113¼ 113¼-113¼ 113¾-11"3¾ 113¾-114 113¼-113½ 113¼-114}!, s. 113¼-113.¾ 113 -113.¾ 113¼-113¼ 113¼-113¾ 113.l,(-113¾ S. 113¼-113¼ 113¼-113¾ 11=3¾-114 11:3¾-113¾ 113¼-114¼' 113~ -113.¾ s. 114 -114¾ 114 -114¾ . 113¼- 14 115¾-115¼ s. 114 -114.¾ 111¼-112¼ 113¼-118¼ 115)i-115¼ 113 -113½ lU¼-114¾ 111¾-112 113¾-113¼ 115¾-115¼ 113 -1!3}( 114}(-1153(' s. Holiday. s. 113 -113¼ 114¾-115 111¼-112¼ 113¾-llil¼ 115),(-115¾ 113 -1133' 113¼-114¼ · Holiday. s. '113¼ 113¼ 115.Jr(-115¼ 112¾-113¼ 111¼-112¾ s. 115¾-115¾ 112¼-113 112¼--113}( 112.Jr(-112¼ 113¾-113¼ 115¾-115¾ s. 112¾-113¾ 112¼-113 113¼-11::l.¾ 115¾-115¾ 113 -113¾ 112J.i-~l3¼ 113¼-113¼ 113¼-114 ll.5¾-115¼ 112¼-118¾ 112¾-113 s. 113_¼ -114 s. 112.Ya-113¾ 112¾-113¾ 113¾-114¼ 113.¾ 114¾ 115¾-115.¾ 112J,-113¼' 112¼-112¼ 113¾- 118¼ 114 -114¼ 114¾- 115¼ 112.Ya-113.¼ 1133.(- 113¼ s. s. 114¾-114J"' 113 -113¼ 112_¼-112¾ 113 - 113¼ lH¾-114¾ 114¾-115¾ S. \_;.112½-112J°' 113),.(- 113¼ 114¾-114.¾ 115 -115¾ 113¾-113¼ 112¼-Wl¼ 113,¼-113¼ 114,¼-114¼ 115 -115¼ 113¾-114¼ 112¼-113¼ s. 114¾-114¼ s. 113¼-114¾ 112¾-113¾ 113,¼-113¼ 114?-(-114¼ 114¾-115 113¾-115½ 112¼-113¾ 113¼'- 113¾ 113 -113¾ 1143.(-114.¾ 113¼-114¼ 113¼-115¾ s. s. 113½-114¼ 113,¼-114¼ 112¼- 113¾ 113 -113¼ 114¼-114¾ 113¼-114¼' s. 112¾-113¼ 113 -114 114,!,(-114¾ 113¼-113;' 113¾- 114¼ 112¼-113;-. 112.¾- 113¼ s. 114¾-114¼ 112¾-113¼ 113¾-114 112¼-11:-3¼ 113),{-114 113 -113¾ 112~-113¾ 114¼-114¾ s. 114¾-114¼ 112¼-112¼ 113¼-114 113 -113¼ 112¼- 113 s. 114,¼-114¾ 112,¼-113 113¾-114 112¾-112¼ Holiday. s. -112¼-113)(" 113_½-113¼ 112¼-113¾ 114½-114¼ 112¼-113¼ 112¾-11~¼ s. 112¼- 113 114¼-115 112.%-112.¾ 113}.-114¾ 112¼-112¼ 112_¾-112¼ 115 -115.¼;" 112¼-112¼ 1123.(-112¼ m~-114¼ 113¼-115]4 112¼-112¼ 112¾-112¾ 112¼-113¾ 113 -1133( s. .......... -113 -lj-4.!( ........... ....... .. .. 112¼-118 112¼-112¼ 112¼-112~ 112¼-1133( 112¼-1133(' 112¼-118¼ s. 112¼-113~ 112½-113 112¾- 112~ 112M-112 112¼-112¾ 112¼-112¼ s. 112¾ - 112¾ 111¼-112;,( 111¾-11~ lll¼-111.¾ 111¾-111~ 111,¼-lll' s. 111 ¾-111 ¼ 111¾-111¼ Holiday. 111¾- 112¼ 112 -112¼ - . .ptY.-112¾ s. 111¼-112l( 112 -112¼ ----- ---- 11:l¾-115¾ 112¼-ll!i¼ 112,1'· 115¾ 111¼-114¼ 111"-US,M' 18'13. Dav er Month. January. Februnry. 1. ... (Holiday.) 113¾-113¼ s. 111¼- 112¼ 3 .... 111¼-111¼ 113 -113¼ 4 .... 111¾-111.¾ 112¼-113¼ s. 113¾- 1131/s 5 ...• 6 .• •• 111¾-111¼ 113,¼-113¼ 7 .... 111 ¾-111¼ 113¼-114 s. ·... lll J,,.-112¼' 113¼-114!,( s. 9 .•.• 112¾-112½ 10 .•. 112¾-112¼ 113¼-114¼' 11 ... 112¾-112¾ 113¼-114¼' s. 114 -114¼' 12 . ... 13 . .• 112 -112¼' 114 -114¾ 14 . ... 111¼-1!2¾ 114 -114¾ 15 .... 112 -112¾ 1143.(-114¾ s. 16 ...• 1123,(-112¾ 17 . ... 112¾-112¼ 114.¾-114¼ 18 . ... 112¾-113¼ 114½-114¼ 114½-114¾ :,, s. 19 ..•• 20 ..•. 11~¼-113¾ 114½-114¾ 21.. .. 113,!,(-113¼ 114¾-114¾ 2"2 •• •• 113 ¼-113¼ (Holiday.) s. 23 ••. 113),(-113¼ 24 .... 113¾-114¼' 114,!,(-114½ 114.Jr(-114¼ 25 ...• 113¼-114¼ s. 114 %-115¼ 26 .... 114,½-114¼ 113¾-114 113¾-114¾ 114_¼-114¼ 113¼-114 ····· 113 ¾-114 113¾-113¼ ..... 2 .... ·-··· ..... ····· ..... ---112¼-115¾ March. 114¾-115¾ s. 114¼-115¼ 114¼-1157' 115 -115.l,( 115 -115¾ 115!,,(- 115¾ 115¾-115¼ April. 116¼-117¼ 116¼-117¾ 117.J,(-117¼ 117¾-118¼ 118¼-119¾ s. 118.¾-119¼ 118 -118% s. 117:V.-118¾ 115 -115.¾ 117¼-118½ 115 -115)i (Holiday.) 115 -115¼" 118¾-119¼ s. 114¾-115¼' 114¾-115.¼ 118¼-118¼ 114¾-115¾ 117¾-118¾ s. 117¼-117¾ 115 -115¼ 117 -117¾ 115),(-115¼ 117¼-118¼" 115),(-115¾ 117¼-118¾ s. 115>,-115¼ 115¾-115¾ 117¾- 117¼ 115¾- 115¼ 117¾-117¼ 117.!,(-117¾ s. 1153,,!-115¼ 117.¾-117¼ 115¾-115¼ 117¼-117¼ 115¾-116¼' 117¾-117¼ s. 115¼-116.¾ llfi¾-116¼ 117 -117¾ 116¼-117¾ 116,½-117 116.Ya-117¼ s. . .... . 116¼-118¼ . . May. June. s. 116¾-117¾ 116¾-116¼ 117_¼-117¼ 117¾-117¾ 116¾-117 117¼-118.),J, s. 116%-117¼ 117¼-118 117 -117¼ 117¼-118¼' 117.l,(-117¼ 117¼-118¾ s. . 117¾-117¾ 117¾-117¾ 117¾-118 117¾-118¼ 117.½-117¼ 117¼-117¼ s. 117¼-118¼' 116¾-117 117½-117¼ 116¼-117¾ 116 -117 117%-118 s. 117¾-117¼ 115¼-116¼ 117¼-118 118 -118), 115,',{-115;' 115¼-116¼ s. 117¼-118.¼ 115¾-116 117¾-117¼ 115,¼;-115~~ 117¾-117¼ 115j,(-115¼ s. 117)2-118 117¼-118¾ 115 -115¾ 118¾-118¼ 115¾-115}~ 115_¼-115¾ s. 118¾-118½ 115,½-115¼ 117¼-118¼ 115.!,g-115¼ llSX-118¼ 115,¾"-115¼ s. 11 8¼-118¼ (llo l illny.) 115¾-115¾ 117¼--11S¼ 116,,-119¾ I'!\ 116¼-118% 115 -118¼' July. https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis --- September 115,½- 116 115¼-116¾ 115¼-116¼ 115¾-115¼ 114¼-115.½ 112¼-114.¾ s. 112 -112¼ 111½- 112¼' 110¼-111½ 111 -111¼ 111¼'-111¼ 111¾- 112 s. 111 -111¾ 111 -111¾ 111¼- 111¾ 111),.(-112¼ 111_½-113¼ 111¾-112¼ s. * 111¾-112),.{ 111¾-112.¼ 111¾ -111¾ ltl_½-114¼ 113,¾"-115½ s. 111¾-llll)i 111¾-112¼ October. November. December. 110¾-111.l,( 108¼-108¼ s. 110¼-110.½ 109¼-110¾ 107_¾-108¼ 109½-110.J,( (Holiday.) 106¼-107¾ s. 109¾-110.l,( 106.¼-107 110¾-110¾ 106Ya-107¾ 109_¾-llO)i 107 -107¼ s. 109 -liliJ¾ 107¼'-107¼ 108¾-109 108¼- 108¼ 107¼-107¾ 107 -107¼ s. 108¼- 108¾ 107¾-108!,( 108¾ 109¾ 108¼ 109¼ 108¼'-10~~ 108¼-110 107;.(- 108½ s. 107¾-108¼ 1091(-109¼ 108.J,(-108¼ 109?.(-1101'!( 109¼-109¼ s. 108 -108¾ 108¾- 109¼ 108¾"-108¾ lO!l¾-110½ 108.J,(-108¾ 109¼-110½ s. 108¼- 108¾ 108½-108¼ 109¾-110 108¾-108¾ 109¼-109¾ 108¼- 109.J,i s. 108¾-108¾ (Ilol:day.) 108¾-108¾ 109),(-109¼ 10•,!,(-108¼ - 108¾-109¾ 108.J,(-108¾ s. 108¾-108.)( 108¼:-109 108¾-1093( 108¼-109]4 108¼-109 109 -109¼ 109?-(-10\J¼ s. 109 -109¼ 109¾-109¼ 109.i,i-109¾ 109¾-109" 109¾- 110¼ 109¾-1103(' s. 110¾-1113' 111_¼-1121/a 111¾-112.Jr( 111¾-1121 110¼-111 110¾-110 s. 110¼-110!( 109¼-llOJ°' 109¼-110~ (Holiday. 109_¾'-110~ 110 -110¼ s. 110 -110¼ 110 -110¾ 110¾-110¾" ......... - - - ----- ---- 115 -116¾ 114¼-116)1( 110¼-116¼ 107¼-1113' 106>(-110¼ 108½-ll~~ Mont~. 111¾-114~ • The Gold Exchange was closed, and 112 was the rate fixed as a basis for settlement. 114½-118.¾ August. 115¼- 115¾ 115¼-115¾ 115 -115¾ 115¾-115.¾ s. 115¼-115),( (Iloliday.) 115)-.(-115¼ (Holiday.) 115.Jr(-115¼ 115¾ 115¼ s. 1i5¼-115¾ 115¾-115¾ 115),,(-115¾ 115!,,(-115¼ llS¾-115.¾ 115¾- 115½ 8. 115¾ - 115¼ 115¼-116}' 115¾-115¼ 115¾-115¾ 115¼- 116¾ 115¾-115¾ s. 11<1¾-115¼ 115¼-116 114¾-115 115_¾-116 115¼-116¼ 114¼-115¾ s. 115¼-116 115¼- 116;{ 115),.(-115.¾ 115¼-116.¼ 115¾-115¾ 115¾-115¼ s. 116 -116¾ 115¾-115¾ 116 -116¾ 115¼-116¾ 115¾-116¾ 115¼-116¾ s. 115¾-115¼ 115½-115¼ 115¼-1:6¾ 115,¼-115¼ 115¾-U'>.Si 115¾-115,1.i s. 115¾-115¼ 115¼-115.)( 115¾ -115¼ 115¼-115¼ 115¼-115¼ 115,!,(-115¼ s. 115%-115¼ .) 30 PRICES OF GOLD. ==========================================:::::::..==:================~=-== IS!f4-187:i-IS!f6. l874.-The premium on gold varied only 5} per cent throughout the year, the high est price being 114-H-, on the 15th of April and the lowest h.,9, on the 28 th of July and follo wing days. This was the smallest variation in price which haR yet been shown i~ any year sip.ca gold firl!!t sold at a premium, in January 1862. 'The market was unusually free 1rom manipulation for speculative purposes, and the volume of transactions at the Gold E xchange much below 1873 or 1872. The export movement of the year was considerable. 1875.-:-Gold maintained a higher range during a good part of the year, in consequence of the extreme scarcity of cash gold available for market purposes. A comparatively small combination of speculators was competent to gain t':cmporary control of the market and to force high prices on gold loans. The highest p rices of the year are accounted for in this way, and also by the antecedent cause of a considerable export mo vement of specie, which r educed the supply in the New York market. 1876.-Gold opened the year at 112-t, touched HI'S in March, and thenct=: gradually fell off, and on December 30 sold down to 106 15-16. This was the lowest price of the year, and the lowest since 1862, with the exception of the temporary decline in 1.he panic of 1873. On the 18th of October there was a temporary " spurt" to 113¼, on account of the European war news. There was little speculative interest in the market. During the fi rst eight months considerable shipments of specie took place, but afterwards return movement, which was of sufficient volume to affec~ the market at a time when the demand for gold was at a minimum Dayot month. January. l ..• 2 ..•. a.. .. 4 . .. . 6 ..• 6·•••• 7 . ••• 8 .••• 11 .... 187'.f. February Holiday. s. 110,¼,-110¼ 111¾- 111¾ 110,¾- lll¾ 111¾- lll¾ 111¾- 111¼ 111 -111¼ llJ,¾'- 111 ¾ 111 -111¾ 111¾-111 ¾ 110¼-llH{ 111¾-lll¼ s. s. lll ¼-lll'4: lll½- 111¼ lllX- 112¼ 11~ -112¾ ll~¾S.112 11~ -112J{ 111¾-112¼ 112¼-112¾ 1113,.(-111¾ 112¼ -112¼ 14 ... 11UH11¼ 112¼-112¼ 15 . .. . 111¼'-111¾ 8. 16 ... . 111¾-111¾ 112¾ - 11:3 17 ... . 111,¼ -111¾ 112¾-112¼ s. 112\t - :12¼ 18 . . .. 19 . . . 111 -111¾ 112¾-111¼ 20 . . .. llH(-111¼ 11!2>(-111¾ 21. .. . 111¾- 111¼ 112Y,- l l2¼ !l2 ... 111¼- 111¾ 8. Holiday. 23 ... . lll¼- 111 ¾ 24 ... . lll,¾-111½ 112¾- 113 s. 112 ¼- lH½ 25 . ..• 26 .... 111.¼-111" lhl¼-112~ 27 .••• 111 ¾ -111¾ 112¼-112¾ 28 ..•• 111,¾-111¾ 11!!¼- 112¼ 10 •••• 11 .••• 12 ... . 13 . .. . .... ao ..• ~ 111¼- 111¾ 81 ..• 111!i-lll¼ 111¼- 111¾ Month 110¾-112¼ 111¼-113 Day May. 112,%-112¼ 11 2¾-112½ s. 113~-113¼ l H - 112¼' 113¼-113¾ 1123,.(-112¾ 113)9-113¾ 112%-112¼ s. 111¾-111½ 113½-113 ¾ 112,¾-112¼ s. 111¾-111¼ 118¾- 11 8½ 113,¾-113¾ 112,¾-112½ 111¾-112 s. 112 -llz¾ 111¼- 112½ 111 Ya -112¾ 113 ¾-113¼ 111,¼-112J,( 111¾-112 113¾-114¼ 112 -1 !2¼' 113¾-114,¾ 112)(- 112.¾ 5. 111¼- 112.).( 113,¼- 113~, !12 -1127,( s. 111¾- !1:2¾ 113¼-113¼ 113¼- 113½ 112¾- 11!23,( 111¾-lli 112 -112),( s. 111¾-112 118¼- 114¼ 112¼-112 ¾ 111¾- 112 112!,(-112,¾ 113¾ - 114 111 ¾ -112 8. 113¾-l l&¼ 112,(-112¼ 111¾-111'¼ 112¼-113¼ 112¾ -112.¾ 112 -112.l,( 111)1- 112¾ s. ltl ¼ -112¾ 112¼-112¼ 112½-11 2¼ s. 11!2,(-112¾ 112J\-112 ¾ 113 -113¾ 112¼- 118¼ 1l2.~-112¾ 112,¼-113J(' 113 -113¾ 112¾-112¾ s. 112¾ -113~ 112),(-112¼ Holiday. 11'2 ¾ - 113¼ 112,¼- 113],,( s. 113.),(-113¾ Aug ,1st. July. l U -112¼' 110¾-110¼ 10!JJ.i(- 1CJ9,% s. 112 -112¼ ll0¾-110¾ lll ¾-112 110¼'-110½ 109¼'-109½ Holiday. 109,1.(-109¾ 111 .% -111 .¾ 111¾-ll l¾ s. 109½-109½ 110½-111½ 110 -110,¾ 109, , - 110 s. 109J.{-110¼ J09,¼-110J,( 110¾-110¼ 109¾-109¼ 110 - 110¼ 110½ -110¾ 109¾-110 s. 110,¾-111 ¾ 109¼-110 109,¾-llO 110,¼- 111¼ 109,¼-110 109,¾'-100¾ 110¼ -111 ¾ s. 109½-109½ 110¾-111].( 109¾-109¼ 10!1¾ - l f19½ s. 100 ¾-109% lO!i¾ -109¼ 110¾- 110¼ 109¾-109½ 109Jg- 109¾ 110¼-111 ¾ 109¾-109¼ s. 111 - 111.¾ 109,¼- 110 1193'-lOY½ 111 -lll};( 110 -110¾ I09¾ - 109¾ s. 111 -111¼' 109¾-109¼ lll¼-111¼ 110¼-110,1.( 109,¾-lCO,¼ s. 110 -1103,( JO!l¼ - 110 llB(-112 109-"(- 110¼ 109¼ -110 111,¾- ]1~ lO!J¾ - 110 s. 111¾- UH( 109¼ - 109½ 109¼-110 lll¼ - 111¾ 109¼-110 109¾-llO 111¼- 111¾ s. 109¾-109¼ 111.J,;-111¼ 100¼-109¼ 109,¾-109¼ s. 109 -11·9½ 109¼- 189¾ 111 -111 109 -lO!J¾ 109,¾-1 9¼ 111 -111,!,( l09¼'-l 09¾ s. 109 -109¾ 109¼- 109¼ 111,1'~113¼ 111¼-114¼ 110¼-lU.¼( 109 -" 1 0¼ 109:,(-110,!,( 109¼ -110,!,( April. March. s. 1121/o- 112¼ 112¼-112¾ 111¾- 112.¾{ 111 ¼-112¾ 111¾- 111½ lllJ,(-111'-' 113,¼- 113¾ 113J,(- 113¾ Holiday. '113),.(-113¾ 11 2¼-113¼ 112¼- 113 s. 111¼- 113¼ s ... 4 .... IS . ••• 6 ..• . 7 . ..• 8 . ••• 9 ... . 10 . .. . 11 ... . 12 . . .. 13 .. .. 14 . • . • 15 .... 16 . ••• 17 ... . 18 . .. . 19 . .•• 20 ..• • 21 . . . 2'2 . .. . 23 .. .. 2":L ••• 25 . ... 26 .•. 27 .... 23 29 . . .. ao.. . 81 .•.• 113¼-113½ 113½- 114¾ s. 114¼-115¼ 114)4-114¼ 112.¾- 113 112 -112.¾ 113¼-114,¾ 112¼- 112½ 114 -114½ s. 112.~ - 112.¾ 112 ~-112½ 114¼-114¾ 112.¾-112,¾ 114½- 114¼ s. 114¾- 114¼ 112¼ -112¾ 114¾-114¾ 112,¾ -112¾ lW-. -114¼ 112½-112 ¾ 114½ - 114¾ s. 112 - 112½ 111¾;- 112% 114½- 114 ¾ 112 - 112y4 114½-115¼ s. 114,1/a-115.¾ 112 V.-112.¾ 114¼ - 115¼ 112¼-112½ 114½-114¼ 112 J4 - 112,¾ 114½-114¼ :;, 112¾-112¾ Holiday. 112½-112¾ 112½- 112¾ 1147. - 114¼ s. 7 .. . 8 . •• 9 . ... 10 .. •• 11 . .•. 12 .•. 13 . ... 14 •.• 15 .• • • 16 . . • 17 .• •• 18 . . .. 19 . .. . ~o ... . 21 .. . 22 . ..• <;3 .... 21.. .• 25 .... 26 . .•. 27 .... 28 . .•• S!!l •••• 30 .. .. 81. .. . 114,¾- 114¾ 112 ¥. -112¼ 114)4- 114¾ 112:Ji- 112.¼ 114¼-114½ 112¼ -113 114½-114¾ 112,¼-113¼ s. 113 - 113½ 112,¼-113¼ s. January. Holiday. 4 .•• IL ••• 6 ... . Februnry. 112.¾-112¼ Month. 111¼1:-113¾ 8 .... September. October. November. Becember. 109¾-lO!l¼ 110 - 110,!i(' S. l09¼-l09¼ 110¼- 110¼' 110 ~ -110¼ 109¼ -110 110 -110.¾ Holiday. lOq¾-109,¼ S. 110½-110,¾ ·l03¼-1C9¼ 110 -110¼ llf •,¼- 110¼' s. 110¾- 1107-( ll0 -110¼ 109¼- 109¾ 110 -110.¾ 110 -110¼' 109¾-109¼ 109¾-110 S. 109¼-lOH½ 110 -110¾ 110¼-110½ 109¼ -lOfl¾ 110 -110¼ 110¼ -110¼' 109,½-109¾ 110].;(-110 ¾ 109¾ -109 ¼' 109,½-110¼ ll OJt:- 11(1¾ s. 109,¼- 110 110¾-110 ¾ 109.¾-109¼ 110 -110 110,¾-110¼ s. 109,¾'-109¼ 110 -110¼ 109¼ -110¼ 110 -110 110¼-111¼ 109),.- 110 109¼-110 lll¼-lll¾ 109¾- 109¼ 110¼-lllJ,( 1C9¾-l09¾ 1!0 -110 ll0¼-111~ 110 -11011( lll¼-111¾ s. 109¾-lO!l,¾ 110¾-110¼ 111¼ -111,¾ 109¾-109¾ ll0¼-110)( s. lOS¾ -109¾ 110 -110¼ 111.¾-111¾ 109¾-109.¾ 110 -110¼ 111¾-111¼ 109¾- lO!l¾ 8. 111¾-11U4 109,¾-109¼ 110 -110 Holiday. s. 110 -llO 111,¾-111¼ lO!l¼-110 110 -llO¾ 111,¾-112¼ 109¼-110¼ 110¾-110¾ s. -110 -110,\( 110¼-110¼ 112,¼- 112½ 110¾ - 110¾ s. s. lll¼- 112¼' lll ¼-112½ 112¼ -112¼ 111,¾-112½ lll,¾'-111.¼ S. 111¼{- 111¼ 110¾-lll ¼ 110¼- 111½ 110¼-lllJ,( 111.¾- lll¼ 111 ½-111¾ s. lllJ.(- 111¼ 111¾-111)( 111¾-111~ 111.¾-111¼ 111½ -111;1( lll¼-111¼ S. 111¾-lllH lll ,½'-111" 111¾-111¼ 111 ¾-111"' Holiday. lll¼-112½ s. lll¾-112 111¾ -111~ 111½-111¼ 111¼-112¼ 109¾-110¼ 110 -112¼ 110¼ - ll~f" I S't:i. or month. January. Holiday. 1 .... la ••• June. F ebruary . s. s. 114 - 15½ April. March. 114 '{-114'-{ 114,¾-114 " 114¾-ll f> 114¼-114¼ s. 114 %-114¼ 114)4-114 .• 114,¾-114}'. 114.J,g-114 ¾ 114,¾-1 ' 4¾ 114¾-114¾ s. 114¾- 114¼ 114¾-115 114¾-1141/a Jl4,¾-114 j,i 114¾ 11 1/a 114¾-114,¾ s. 114¼-114¾ 113}a-114¼ 114¾-114 ¼( 114¼-114~i 114.),.(-114),.( 114 -11 iJ/a s. 113¼ -114 113¼-114¼ 113¾-11 4¼ 113¼ - 114 110¾-113¼ "Month l12J--.-113J,( lU¼-114¼ 113~-115 https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis April. 114¼-114¼ 114¼-114¼ 114½-114¼ 114 - 114½ 114¾-115 114,¾-114¼ s. 114%;-115¼. 115 -115?11 114½-114¼ 114¼-115¼ 114¼-114¼ s. 114¾-114¼ 114 v8 - 115 114%;-115 115 -115¼ 115 -115½ 115 - 115¼ 115¼-115¼ s. 115)4-115¼ 115¼-115¾ 115¼-115¾ 115.¾-115¾ 114,¼ -115¾ 115 - 115¼ .s. 115¾ -116 115¾ -115¼ 115¼- 116 ¼ 115 - 115¼ 115¼-116½ 115 - 115¼ 116,¾ -116¼ s. 115¼-116¾ 115 - 115¼ 115}; -115),.( 115¾-116 s. 114%;- 115¼ 116¾-116¼ 114¼-115 116 -116½ 115¾-115½ 115½-115¼ 115¼-115,¾ 115½-116 s. G'd .Friday 115¾-115½ 116¼-116¼ 115¼-115¼ 115¼-115,%' 116¾-117 115)4-115¾ 114¼-116¼ 115¾-115½ 114,¾··114¼ 113!4- lllS½ · 114,¾-117 113 - 113¼ 11:i -113¼ s. 11~¾ - 113.¾ 113 -113 112 1.$-112 ~ 112¼- 11:i 11:l¼-m¾ lli¼-112½ l]·l¾-112:!--4 s. 112 -112¼ 112%-113 113 -11334 1121/g-113 112%;-llt'¼ s. 113 -113~ ll t ¼ - 112¼ 112.~-113¼ 1121/g -lH 112¾-112¼ 113 -tH¼ s. 112¾ -112¾ 111¼- 113.¾{ 112,½ - 113 112,¼-113¼ 113¾-113¾ 113½-113¼ s. 113 -113'i 113¼- 113¼ lH,¾- lla¼ 113¼ - 113¼ 112¼-11~¼ 113~-113¾ 8. 112¼ -113¼ 112¼ -113¼ 113¾ -114 Holiday. 113 -113 114¼ - 114¼ s. 118 - 113¼ 113'4' -114 112V.-113 ~ 113¼-1 14}. 112 ·,,;-ll t ¼ 113¼-114 s. 112¼- 113 Wl -113¼ 113¼-ll I½ 114 - 114.¾ 113 -ll i:1½ 113 -113½ March. May. Jnne. 115¼-115½ 116¼-116½ s. 115 -115¼ 115¼-115¾ 115¼-115¾ 115¼-115½ 115¾-115¾ 115¾ -115¼ s. 115½-115¼ 115¾-1151/a 115½-115¾ 115 ➔~-115¼ 115¾ -116¾ 115¼-116;,i s. 116 - 116¼ 115¼-116¼ 116¾-116!-. 116¼-116'{ 1151/g-116¼ 116¾-116¼ s. 116¾-116½ 116 -116¼ 115¼-116¾ 116 - 116¾ 116 - 116¼ 116¼-116¼ s. Holiday. 115 -116.¾ May. 116!,i-117¼ June. 113¾-113¼ 112 %-112¼ 112,% -11'2¼ s. 112¼-113 112¾ 112¼ 113 - 113 ¾ 11 !¼-112.¼ 112½ 112.,,. S. ll·!¼-ll3¼ 112%;-lH¼ <. 112¾ -112 ¼ 112.%-11'2¾ 112 ¾-113 112¾- 113 112½-112¼ 112 ¾-112¼ s. 11~ ¾-112¼ 112¼- 113¼ 113 -113¼ 112¾ -1 12¼ 112¼ - lH s. 112,½-112¾ 112 •1 - l H ¼ 113 -113fr4 112¼'-112¾ ll.!½-112;! 112¼'-112.¾ ::l. 112¼-113 113 -lB¾ ll·l}{-112 % 112¾ -112¾ 113¼,- 113¾ l12¼- ll2¾ m,½-112 ¾' H oliday . ~112 %-11.!J! 113¼-113¾ 112½ - 112¾ 112%-112¾ s. 112 !✓- -11 -l¼ 112¾-U'l ¾ 112¼-113¼ 11 2 !✓- -11 2¼ 112,½-112¾ 113 -11j ¼ 112¼-112¼ s. 113 -11'-I ¾ 112 ½-ll2¼ 112½-ll2 ¾ 113 - 11:J¼ 112¼-llt¾ 112¾ - 112½ s. 11 2 ¾ --112!,~ 112¾-112¼ 112,a-112¼ 112 1,(-112¾ 112~-112¾ 112¾-1121/a 112 - 112 !.( 112¾-112¼ 112,½-ll:! ¾ l ll¼-1 12¼ 112 !,£- 112¾ 112~11 - 11.!~i S. 112¾- 112¾ l 12%-112¼ ll2 -112>, 1121.$-112¼ 112¼-113.)i 111¼-112 S. l H -112¾ 112%- IH¼ 11 2¾-112;! 112¾' -113¾ 112¼-112½ Holiday . 112,¾-112¼ ,; s. 112¾-112¾ ......... .. s. . ····· ···· 112,¾- 113¼ July. 116¼-117¼ 117 -117¼ 116½-116½ 117 -117.¾ s. 117" - 117¼ Holiday. 116,¼-)17¼ 117 - 117¼ s. 116½-117¾ 116¼-117 116½ - ll'i'¼ 115¾-116¼ 116 -116¾ 116½-117 116½-1163.! 115¼-116½ s. 116,¼-116¼ l i6¾- 116½ 115¾-115¼ 115)4 -115¼ s. 116½-116¼ 114Y,·! 15¼ 116¼-116½ 114¾-115 114¾-115 116¼-117 117 ¼- 117¼ 114¼ -114¾ s. 117¼-117¼ 117¾-117¼ 113¼-114.¾ 113¼-114¼ s. 117¼-117½ 112¾ - 113¼ 117¼- 117½ 112 ¾-113 117¼- 117¼ lll¾'.-11~¾ 117¾-117¼ 112 - 112½ s. 117¼-1 17¾ 117.¾- 117¼ 112 - 112¼ 112¾-116¾ s. 117 - 117¼ 113¼- 114¾ 117¼-117¼ 1,12 'i-112¾: 116½ · 117¼ 112%-113.Ya 112)4-113 116½-116¾ l !Z,'4'-113,!,( 111]°'-113 Aug u11t. s. 112¼-113 112,a-113 112¼ -113 113 -113¾ 113½-114 113½-113¼ August. 112¼'- 112¾ s. H oliday. Holiday. 112¼- 112¾ 111¼-112¼ lll¼ - 112-¼ 112 -112 s. lll ¾'-111¼ 111 %-111 'i lll ¾ -111¼ 111¾-111¾ ]llYa-111 ¾ lll .¾-111½ ::! . lll,½- 111 ¾ 111 ½-111 ¾ 111¼ -ll H,( 111~- 111.¼ 1m ., -111¼ 111¼-112 111¼-112 lll½ -112 ~ 112 -112 s. 111¼- 112¼ 111 ¾-lll ¼ 1 111 ¾-lll¼ lll;½ -111~ 111 ¾-ll 1¾ lll½- 111½ s. 111 ¾ -111½ lll l(-111,¾ 111 ¼-111½ 111 ¾ 111;,i 110¾-111 110,¾ - 110¼' s. 111 ¼ -111;✓• 110½-110¼ 111¾-111¼ 110¾-110;,4 S.' 11 0¼ 110¼ 111 ¾-111¼ 110½-111¼ 111 ¼ -lll¼ 110¼-lll 111 %;-111¼ 111 - 111.¾ 11 H 4 -lll ¼ S. ll Hi-111 ¼ llOJ{-111 111,¼-112}. l 10¾-110¾ S. r F fl ½ - 110¼ 111}~-112¼ L H4 -l i0 111¼-1 12½ 114¾-114¾ 113¾-114¼. 114¼ -114% 114¼-114¾ s. 114½-115 114%-115¼ s. 114¼-115¾ 113%-113¾ 115),i -115" 115¼-117 113%-114 113¼-114¼ 1163,.-117¼ s. 113½-114 112,¼-113½ 116 - 116¾ 113.Ya-113½ 116¼,-ll7 s. 116½-117 113¼- 113¾ 116¼- 116¼ 113 -113¼, 115¼-116½ 113 Ya-113¾ 116)4-117 s. 113¾-114¼ 113½-113:)! 116,a-117¼ 113¾-113½ 116¼-117¼ .s. 116¼,-116¼ 113¼-113½ 116,¾-116¼ 113¼ - 13½ 116½ -116 ¼ 113,%'-113½ 116½-116¼ s. 113J-a-113% 113 ¾;-114¼ 116½-116¼ 113y. - 114 116¼-117 116¼-117½ s. 114 - 114½ 117 -117¼ 114¾ - 114%; -- - - -- - 111¼-117¼ 112,¾-114¼ July. September. 10~¼-11'2¼ October. 114¼- 115¼ 114¾ - 115¼ 114%-114¼ 114)4-114~ 114¼- 116,¾ 112¾-115¼ s. 113;!!- 117% 114½-117.¾ September. ll·9¼-110¼ 109¾-109¼ October. s. 110 -110 ►, 110 -llO s. lOOJ,( - 109 ~, 109¼-110 11,rJ 1tJ - l OO¾ 109¼ - 109¾ 109¾-lOH¾ 10\l.J,.(-109½ 109 -109¼ 109~-110 s. l O!l¼-110 lO!J,¼-110¾ 10<1¼-109 108,¼-109 s. 110 -110¾ 10S¼- 109½ 108¼-109 l0!l¾-110 109¾ -110¼ 109 - 109¼ 110 -11<)¾ 109¼-109.¾ 110 -110 ¼ s. liCJ¼- 110½ 109,¼- !()9¾ 1091('- 10'. I¼ s. 110¼ -113}4' 109¼-110 110,½ -lll!i( 109¼ -110 110 -110¼ 110 - 110¼ lO!l¾- l iO 109¼-110¼ s. 109%- 110¼ llO ~10},€_ 109%- 110 109%;-109¼ 110 -110¼ 109¼-109¼ 110 -110¾ 109 ',(- 109¼ 109½ 110¼ 109¾-109½ 109; , - l iO 10\l¾ - 109¼ 1 !0}.;-110¼, s. 110 -110),( 100¾-109 }; 109¼-110¾ 8 103¼-110½ November. December. • 116%;-117 115½-116.¾ Holiday. 116¼-ll7¼ s. 115 -115.¼ 117 -117½ 114¼-115¾ 117¾-117¾ 115¾-115¾ 116¼-117¾ 114,¼t 5½ 116¼ -117¾ 116¾ -117¼ 114¾;- 115¼ ll6¾ -116¼ 114,¾-115 s. 114¾ -114¼ 116½ 116½ 114¼-114¾ 116 - 116½ 114%-114¾ 115¾ -116¾ 114½-114¼ s. 116¾-116.¼ 116½- 117 114¼-114¾ 116% - 117 114¾ -114½ s. 114¼-114¾ 116¾-116¼ 114)4-114¾ 116¼-116¼ 114¾, -115 116)4-116¾ 114¾-ll4¼ s. 115¼-116¾ 115½-116¼ 114½-114~4 114%-115¼, 114¼-114¼ s. 114¼-114¾ Holiday. 114½-115¼ 115¼-115¾ 114',;; - 114½ 115,a-116¼ 114½-114½ s. 116¼-116¾ 116¾- 116½ 114¾-114¼ 115,¼-116½ 114% -115¾ s. 114.V.-1141/, 114¼-114"•• 114 - 114¾ 114¾- 114½ 114)4-1141/, 114.%-114½ s. 114¼ - lH½ ll l ¾-114 ½ 114¾-114½ 114 ¼-114¾ 114¼-114¼ 113:" -114¼ s. 113½-113¾ 113)4-113 ¾ 113¼-113¾ 112¼-113.¾ 113 -113¼ Holiday. s. 112¾-113 112%;-113 113 - 113¼ 112,a-113¼ 112¼ - 113¼ November. Deccmher. 1(,9;,..-110 10 l¼-109¼ 109¼-109¾ 109¾- 109½ s. 11'9¾-109% Holiday . 101)),ij' -110¼ 109~ -109¼ ]09¾-109.% 10:J¼ - 109¼ s. 109¾-109¼ 109%-109¼ 109¾-109 1/s 109½- 109 1/a 109¾- 109¼ 109¼ 109¼ s. 109¾-109¼ l t 9¾-109 ¼ 10!)½-lOB¼ 109½-111\J ¼ H:9¾ -109 \,~ . 09 -109.¾ s. l f 9¼- 109¼ 1081/,- 109 108¼-108½ Holiday. 108½-109 1.08.½f- 108¼ s. 108.¾-108¾ 108 ¼-108½ 108 -108¼ 107%-108¼ 107¾-107¾ 107 -107¼' s. 107 -107-Ji 107¼- 107¾ 107¼-107¼ 107% -107¼ 107 ¾-107 ~,( 107,%-1 07¼ s. 107¾-108 107¼- 107~ 107!<(-107¾ 107½-107 ~ 107¼:- 107¾ 107.!i-107¼ s. .Holiday. 107¼-107' 107 - ten 107 -107}/. 107 -107¼ *107 -107¼ ··········· ~ s. l08¼-113¼' 108¾-110¼ *107 -100 * 1 sale made at 105 15-16. PRICES OF GOLD. 31 1817-':S. In 1877 gold continued its downward movement and closed nearly 5 per cent below the price at the beginning of the year. The silver discussion in Congress during the later months bad little effect on the gold premium. 1878.-There was comparatively little interest or excitement in the gold market during this year, and after ruling at a dee ing premium in the Fall months the price of gold finally went to par on December 17, and so continued till the close. {sn. Day of Month. January. 1. ... .Holiday . • i .... 105¼-107¼ 8 .... 106,¼-107¼ 4 .... 106%-107 5 .... 106¾-106¼ & ••• lOOX-106¼ 7.... 8 .... s. lOG¼-106¼ 105¼-106X 10 .... 105½-106X 11. ••• lOIH,-1<6 llL .. 106 -106¼ 13 .... 106¼-106¼ 14 .... s. 15 .... 106,¼-106¼ 16 .... 106¾-107 17 .... 106¼-106~ 18 .••• 106~-106 19 . ... lOo,¾':..1063" 90 .••• 106½-106¼ 8. 11. ..• 22 . .•• 106,¾-1( 61' 28 .••• 106X-106¼ 14 ...• 106 -106.l,( 25 .... 108 -lr6¼ 26 .••• 106¼-106¼ 17. ... 106¼-lUtiX 28 . ... ) s. 29 . ....... 105,¾-106 80. .•• 10(>¼-105¼ 81 .. 105.!,(-105)1 9 . ..• April. March. February. s. 104¼-105~ 104¼-104~ 105 -105 104)4-1C4¼ 104¼-105 lmSX-105¼ 104¾-10(¼ 104~-104¼ 8. 104¾- 105 106¼-105¼ 104¾-105 104¼-105 105 -1r·5 105¼-106¼ 1G4¼-l!lb 105¾-105" 105¼-105¼ 105 -105 s. 1011¼-105~ 1r;r, -105~ 105¼-105¼ 105 -115 105 -lC'll~ 105¼-106 104¼-105¼' 105¼-105 s. s. 105½-105¼ 105¼-105¼ 104,¼-104~ 105¼-106¼ 105¼-lOr>¼ 104¾-104¼ l C5¼ -l06¼ 105¼-105¼ 104¼-104¼ 106¼-106,¼ s. 105¼-105¼ 104¼-104¼ l fl!S ¾-105¼ 104¾-104 ¼ 107 -107¼ 10!'>¼-106¼ 104¾-104¼ lOfi¼-107¼ 8. s. 106,¼-106¼ 105¼-105¼ 104¼-104¼ 106¼-106,¾ 105¼-1015¼ 104¾-104" 106¾-1C6¼ 104~-105¼ 10t~-l04¼ 106,¾-107 Ho iday. 104¼-105 s. 104¼-105~ lOH,-10~¼ 107 -107¼ 104,¼-105 104¼-104¼ lOi¼-107¼ s. s. 107 -1"7¼ 104,¼-105¼ 104¾-104¼ 106,¾-107~ 104~-1(14½ 106¼-107¼ 104¼-105 101¼-1041' 104¼-tr4.¼ lOti,¼-107¼ s. 104¼-10~ Good Frl. 106¾-106¼ 105 -105¼ ~- .... - .... .... - .... --llonth. 105~-107¼ 104¼-lu6}( 1041'-105¼ 104¼-107.¼ May. 106 ¾-lOfi¾ 106,¼-107¼ 106¼-107¼ 106~-106¼ 106_¼-107¼ B. 107¼-107¼ 106¼-107¼ 1CJ6,¼-107¼ 107 -107¼ 10'7 -107¾ 107 -107X Jane. 105¼-106¼ 105¾-106 s. 105"-105.¼ 105"-105¼ 1<5¾-105¾ 105½-1(5¾ 105¼'-105¼ 105¼-105¾ s. 1(14¼-105 104~-105¼' 8. 104¼-105X 106:¼-107¼ 105 -105"' 107 -107}( 105 -105¼ 107 -107¼ 105 -1C6¼ 107 -107¼ s. 105¼-lNi¼ 106¼ 107 l06¼-1C6¼ 1(15_~ -105¼ s. 105,¾-105¾ 105¾-105,¾ 106~-107 106_¼-106¼ 105¾-105¾ 106¼-107 105,¾-1~" 1011¼ -107 s. 1051,(- 105½ 107 -107 106¼-107 105¼-105¾ 105 -105¼ s. 106½-106¼ 105¼-105)4 106,¾-106¼ 105¼-105),( Holiday. 105.l(-10~¼ 1C6X-l0b½ -----1001'-107¼ 104¼-106¼ July. A~et. s. 105 -J.05¼ 105¼-105¾ 1115¾-l C5¼ 105~105!' 105¾-105½ Ho day. 105¼-105¼ s. 105lil-105X 105.!>l-105;,i£ 106¼-105¼ 105X-105¼ 1011,¾-105.l<.S' s. 105l(-10:S¼ 105¾-105¼ l0~J(-105¾ 1(16,¾-105¾ 10~-105)4 105,¾-105¾ 105),(-105)4 5. 105¼,-105¾ 105,1,(-ll\5¼ 105X-105~ 105)(-105¼ 105~-105X 105l,(-105 V. s. J05,¾-105½ 1(5!,(-105¼ 105¼-1' 5~ 105¼-105¾ 1U5,¼-105 105)(-105¼ s. l v5¼-ll5¼ l05¼-H.l5¾ 105 -105~ 105,'l(-105¼ 104¼-105 s. 104¾-104¼ 105¼-1Cl6¼ 104.X-lOt;½ 106¼-105.¼ 1(14¼-104¼ 105,¾-106 l0::.¼-104¼ a. . 105½-106¼ 105~-105¾ 104 -104!,( 105,¾-1()5½ lr(.l,(- '04½ s. 104¼-104¾ 105!,(-1<'5¾ 104¼-1043( 105,!,(-105¾ 104 -104 October. seitember 10 ¼-104 108 -108¼ 10~.¼-103 s. 108¾-103¼ 108 -1( 8 108,¾-103¼ 102~-103 lOllJ.&-108¼ 102¼-102¼ 108Jid;-l0?.¼ 102¼-102¼ s. 103,¼-108¼ 103¼-108¾ 1~,¾-102ff 10~,¼-10~¼ s. 108¾-tr8¼ 102¼-102¼ 108½-10:3¼ 102¼-108¼ 103Jr4:-103¼ 102¼-108¼ 108),(-108'-{ 102,¼-ll•8J,( ]08,M-108¼ B. 108¼-1033( 103¼-103¾ J02¼-1G3¼ 8. 102,¼-108¼ 102¼-102½ 102¼-lO'l ¼ 102 Ya-11,2¼ 103 -l08X 1(2,¾-102½ 103¼-103X 102¼-102.¼ s. ml¼-103¼ 103 -108¼ 102½-103 102~-102.¼ s. 103¼-j03.l,( 102¾-102}i 103¼-103.l,( 102¼-1!2¾ 108¼-1033( 1(12¾-102~ 103 - 103¼ 102¾-1027' s. 103 -103 103 -103,1{ l02¾-102¼ 102~,-102~ s. 102,¾-1C2¼ ........... 105¼-.106¼ 103,¼-105¼ 102,¼-104 10~¼-103¼ November. December. 102~-1{2¼ 102¼-lli2¼ s. 102¾-10:l¼ 102¾-1"2¼ 102¾-102 s. 102¾-102¾ 102¼-102 Holiday. 102,¾-102 102¾-102]\ 102¼-108 lOt¼-102.¼ 102¼-102¼ s. 102¼-102½ 102¾-102¼ 102'4-103¼ 103 -1(·8¼ 8. 102¾-102.¼ 1()8 -108,( 10!!¼-1(12~ 1oai--10;:i¼ 102,¾-102¾ 102Vs-1C3¼ 102~-]( 2" 102¼-102¼ s. 102.J,o-102¼ 102¼-lu2¼ lOi¾-102¼ 10~¼-102¼ 8. 102¾-102~ Wt~-108 102¾-lt:2¼ 1( 2¼-102¼ 102¼-1L3¼ 10t,¾-10i¼ 102~-103 162¾-102!'& s. 102¼-103 102¾-102¼ 10, ~-102!'& '°'"-1(,•g s. 10~¼ -103 102¼- 103 10~¾-ll3 Holiday. 102¼-103 . .......... Ho idaf 1112¼-lC ~ 102,¾-102 7 102¾-102" 102¾-102¼ s. 102¼-!02.¼ ---- ---102½-103¼ 102½-103¼ ins. Day of month. January. 1. .. . Holiday. February. 101¼-102 2 ... 102¾-102¼ 10 ¼-1® :;, 3 ... 102¾-lOt¾ 4 ..... 10:l¾-10t¼ 1oi -102¼ 5 ..... 1U27,-i0:.:¾ W2 - JO:¼ 101¼-10~¼ 6. .• 8. 7. .... 102¾ - 102¾ 102 -102¼ 8 .•... 102½ rn2~, 102 -102¼ 9 . ..• HJ\!½-102¾ 101¼-102 s. 10 ..... 102¼-11'2¼ 11. ••• 102¾-102¼ 101¼-102 12 ..•• 102,¼-lOt.¾ 102 -102 s. 102 - 102¼ 13 ... .• 14 ..•.• 1!12¼-102,),,( 101¼-102¾ 15 .. , .. 101¼-102¾ 102~-1(12¾ 16 ..... .JOl¼-102¼ 102 -102¼ s. 17 ..... 102 -102¼ 101¼-102 18 . .... 101¾-102 19 ...•• 101½- 101.¼ 111,-1 -101¾ 101¾-10 ' .¼ ~o..... 21. .... 101¼-101'( 101¼-102 Holiday. ~2 .••.• ]01¾-101¾ 23. . . . . 101¼' - 101¼ 102 -102¼ s. 24 ..... 101¼-101½ 25 ..... 101,¾-101¼ 101.¼- 102¼ 101;::,.-102 : : : : : : 101Xs:oo' 101¼-101¼ 2a ..... 101,¾-101¾ 101¾-101¼ 29 . .... 101,¼-lO~)i 30 . . ..• JO•l,¼-JO j¼ 31.. ... 101,¼-102¼ s. March. April. May. ]01~-101~ 100¾-100¾ 1•ll¼-Hl2 101¾-101¾ 101¼-101¼ 100¾ -100¼ s. 101¼-101¼ 11)(1¾-100¾ lOHHOl¾ 101 -101 lOO¾~lOt,¼ lOl,!.(-101¼ 100¼-lOl s. 1013<-1ou, 100¼-100.¼ 100,¾-lOf½ 101¾{-101¼' s. 100,¾-ll'O¾ H•l~-101¾ 100,¼-100¼ lL0½-100¼ 101 -101,1-( 100¼-JO ¼ 100½-100,½ s. 100¾-10f1¾ 100½-100½ 100¾-101 100¾-100¼ 100,¾ -100,¼ li}lJ¼-100¼ lll0,¾-100¾ s. 100¼-!0l¼ lOC¼-100½ 100½-lOO¾ 101 -101¾ s. 100¾-100¼ 101 -101¼ lCO¼-lfO¾ 100¼-100¼ 101),(-101¼ 100,)i(-100¾ 100¼-100¾ s. 100¼-lf O¾ 100¼-100¾ 101¾-101¾ 10~-100¾ lC0¼-100.¼ lOl¼-101.¼: G' Friday. s. 101¼-101¼ 100,¾-100½ 100¼-100¼ 101 - 101½ s. 100~-100¼ 1(11 -10 ,¾ !01>,-100,½ 10~¼-100¾ 101,¼-101¾ 100½-100¾ 100¾-100.¼ s. 100½-100¾ 100¼ - 101 101¼-101~ 100,¾-100½ 100½-101 101 -101¼' 100¾-!00¼ s. 101 -101¾ lOv¼-lOll¼ 100¼- 101 101¾-lOl¾ s. 101 -101¾ 101¾-101½ HO¾ 100¼ 101 -101¼ Holiday. 10174-101¾ lOv,¾-101',¾ s. 101 -101½ ---- Month. 101,¼;'-102.¼ 101.¾-102¼ IOOX-102 https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis 100¼-101)4 June. July. August. 100¾-100¾ 100½-100½ 100,¾-100~ 100)9-100¼ 1(,0¼-10 ¼ 10!)_¾-100¾ 100¼-100¼ Holiday. 100¾-100¼ s. 10 ¼-100¼ l00¾-100¾ 100>,-100}<; 10f•¼-lfi1 100½-100¾ 100,¾-100¾ l tl l -101 s. 100¾-100¼ 100¼-M 100¾-100¼ lQli¼-100¼ s. 100¾-100¼ 100~-lro~ 100¼-1(1 100¼-100½ 100½-100¼ 100¼-Hll 100½-100½ s. 100½-lO(l,½ 100¾-ICO,½ 101 -101 100¼ 101 100½-100¼ 100,¾-100¾ 100¼-100.¼ s. 100¼-100¾ 100¼-100¼ 100¼-100¼ 100¾-100¼ s. 100¼-lOO,¾ 100¾-100¾ 100¾-100~4 100¾-100¾ 100¾-1007. 100¾-100¼ 100½-lCO¾ s. 100¾-100¾ 100½-l()(l¾ 10()¼-100¾ 100.Y.-100~ 100½-100,¾ 100}1-100¾ 100¾-lCO¾ s. 100½-100¾ 100¾ -lOOJ• lOC,½-100¼ 100¾-!00¾ !-<. 100½-100¼ 100_¾-lOO½ 10:i y. 100¾ 100,¼-100¾ 100¼-100¼ 100¾-100¾ 100½-lOO¾ s. 100¾-100¾ 100,¼-HO¾ 100½-lOf½ 10:J ¾-1 0/1¼ 10(1¼-lC'O,¼ 100¼-lOOX 100¾-JOO¼{ lO(l,¼-100¼ s. lOGY.-lOOX 100½-100¼ lW¾-100¾ s. 100½-100½ 100~-100¼ 100¼-100¼ 100¼-100¾ 100¼-lUl s. ---- ---100¾-100¼ l00¼-101.3( 100¾-101 September. s. 100½-100,¾ 100¼-100¼ 100¾-lOO¼ 100¼-lfO¾ l U0¼-100¾ 100¾-100¾ s. 1ro~-100.l,( 100¾ lOOX 101•¾-100.1<( 100¼-100¼ 100~-100¾ 100¼-100¾ s. 100¾-100¾ 100¾-100¾ 100¾-100¼ 100¾-100¾ 100.½-100,¼ 100¾-100¾ s. 100,¾-lClO½ 100 ;, -100¾ 100¾-100¾ 100,3/a- 100¾ 100¾-100¾ lll0¾-100¼ s. lOOJHOO¾ 100½-100¼ 100¼-100),' October. Novemher. Dccernb L~:,'! s. I 100¾-10, ¾ lO(J¼'-100}~ lC-0¼.:.100¼ 100,¼-lOOX s. l CO!i-100½ 100¾-100¼ 1001,(-100,1' Holiday. l C0¼-1 00½ s. 100),( - 100¾ 100¾-100¾ 100¼-1003( 100%-100¼ 100¾-100,.l,( 100¾-100¾ 100¾-100¾ 100¾-101 s. 100¼-101¾ 100¼-100¼ 101 -101¾ 100¾-100¼ s. 100~-100¼ 100¾-101¼ 100¾-l()li¼ 100½-100¾ 100¾-100}{ 100¼-100¾ 100¼- 100¼ 100¼-100¾ s. ; 100¾-100¾ 100,¼-100¼ 100¼-lOU½ 100¼-100¼ s. 100¼-100¼ 100½-100¾ I00¼-100¼ 100¼-100¾ 100¼-100¾ 100)9-lGO¼ 100¾-IOO¼ 100,¾-100½ s. 100¾-100¼ 100,¼-100.J,( 100¾-100¼ lG0¼-100¼ s. 100.¾-lfJO¼ lC0,¾-100¼ Ho iday. 100¾-100¾ I00¼-100.3( 100),(-lCO¾ 100¾-100¼ 100¼-lOL)a( 100),(-100¼ 10U¼-100~i 100,J,!-100¼' 100¾-Hl¾ lCO¼-lfO¼ 100¼-100¼ s. lu0¼-100.l,( lOfl,¼-100.¼ !Dr.¾-100.¼ 100¼-100¾ 100¼-100¼ 100¼- 100¼ s. 100¼-100¼ 100 -100¼ --... 100 -lCO 100 -.JCO 100 - i OO lCO -100 t s. 100 -100 10:l -100 Holiday. 11,0 -100 JOO -100 100 -100 S• 100 -100 100 -lW --- lOOX-101¼ 100¼-lOOK 100 -lOC½ FOREIGN EXCHANGE. PRICES, 1870 TO 1878. l~ The demand for foreign exchange, and the conse~uent range in prices, depend upon the condition of financial relations between the United States and other countries, the extent of exports and imports, the sale of securities abroad or their return to the home market, and some other elements which affect the actual balances between this and other countries. · The methods of quoting sterling exchange have varied widely 111 the past, and a glance at the changes which have occurred is somewhat interesting. In the early history of _the country the pound sterling was valued at $4·4_4' 4-9, based on the worth of the Spanish dollar then curren't' here as a standard. Exchange was then quoted at its real value, the dollar being worth almost exactly~ English money. From 1792 to 1894 ourgold coin was of the same standard as the pound sterling, viz: 22 carats, or 916 2-3 parts in 1,000, and at it"s legal weight of 27 grains the dollar was worth about 97 1-_;3 cents, and the pound st~rling in our money about $4·5~½- . ln 1834 there was a material reduction in the value of our gold coin, so that the dollar was worth only about 91-¼ cents and the pound sterling about $4~87. In 1837 another slight · change made the. dollar worth intrinsically about 91 1-3 cents, and the pound $4,86 2-3. - ~n 1834 the Cust~m House valuation of the sovereign was put at $4·84, and so remained till January - 1, ?874. During the changes from 1834 to January 1, 1874, the London Stock Exchange continued to reckon the dollar at 4s. 6d., about 9 to 9½ per cent too · high, and involving the practice of quoting American securities about 8-§- per cent below their actual value. To correspond with the English custom, bankers in New York from 1834 to 1874 quoted sterling exchange at l09·45f as par. By the law of Congress of March 3, 1873, the ·Custom Rous~ v~luation of ~he pound sterling was placed· at its true value of $4·8665, ~nd from Jan. 1, 1874, sterling exchange Iias been quoted acco!dingly, the quotation when at par being $ 4 · ~ The London Stock Exchange also made a change in their method of quoting, early in the year 1874, but unfortunately valued the dollar at 4s, or about 97 1-3 cents. This valuation being 2 2-3 cents below par, is equal to a quotable premium of about 2¾ per cent, and accordingly the present London quotations of American securities are about 2¾ pe1· cent above their actual value-a bond worth 100 being quoted there at 102¾. [Weekly prices 1n 1870; daily highest quotations of fterling bills in 1871-78.] 1§70. London ,--London (Banker11')~ Commercial. Long. Short. 108),(-108¾ 108¼-..... 109-Ys- ..... 108¾-108¼ 108_¾-108¼ 109¾-109¼ 108\(-108¼ 109 -109¼ 109¾-•.•.• 108.7.(-108¼ 108¼-109 109¾-..... 108,i-108¼ 108¼-109 109¾-109¾ " 11... .• •••• 108,i-108¾ 108¼-109 10.:¼-109¾ " 18......... 108¾-108¾ 108¼-109 109¾-109¾ " 25......... 108_¾-108¼ 108¼-108¼ 109¾-109¾ Mch. 4......... 108.Ys-108¾ 108¾-108¾ 109.Ys-109,l,( " 11. •. •••••• 107¼-108 108¼-108¾ 108¼-109 " 18...... ... 107_¾-107¼ 108 -108¼ 108.1/a-108¼ •• 25......... 108¼-108¼' 108,¾-..... 109¼-..... April 1. .... .... 107¾-108 108.)(-108¾ 108¼-109 •• 8.. ....... 108_¾-108¼ 108¼-109 109_¾-109¾ •• 15... .. . . . . 108_¾-108¾ 108¼-109 109¼-109¾ 108%-108¼ 109 -109¼ 109~~-109¾ " 29. ..... • • • 108¼-109¼ 109¾-109¼ 110 -110.½ May 6.. ... .. • • 108¼-109 1097,-..... 110 - ..••• •• 13.. ••• • . •• 108¼-109½ 109_¾-..... 110¼-..... " 20.. •• .. • •• 109 -109¼ 109_¾-109¾ 110¼-110¼' •• 27 ......... 109¼-109¼ 109¼-110 110¼-110¾ June 3.. .•• • ... 109¼-109¾ 109¼-110 110¾-110¾ " 10.. ... • ••• 109 -109¾ 109¾-109J.( 110¾-110¼ " 17......... 109,!,:(-lO!J¾ 109¼-- . ... 110,!,:(-..... " 24 ......... 109,¼(-109¼ lO!l¾-109¼ 110 -110¼ July ·1......... 109¾-109¾ 109¼-110 110¾-110¾ •• 8. .... .... 109),(-109¼ ..... -109¼ .... . -110¼ " 15...... ... 109_¾-..... 109¼-110 110¼- ..••• " 22. .... .... 109¼-..... 110¼-..... 110¼-...•• " 29. ........ 108¼-109¼' 109¾-lO!l¼ 110¼-..... Aug. 6......... 108 -109 109_¼-109¾ 110.¾-110¼ " 12......... 108_¾-109 109%-109¼ 110¾-110¼ " 19.. •• .. ... 108¼-109 109¼-109¼ 110¾-llOJ,,( •• 26. ........ 109 -109,!,:( 109¾-109¼ 110¾-110¼ SeRt. 2.... ..... 108¾-109 109,¾-109¾ 110¼-110¾ 9......... 109 -109¼ 109¼-..... 110_¾-110¾ " 16......... 109 -109.)( 109¾-109¼ 110_¾-110¾ •• 23.. .... ... 108_¾-109 •...• -109¾ •... . -110¾ " 30... •• • •• • 108 -108¼ 109 -109¼ 109¼-109¼ Oct. 7......... 108¼-108¼ •.... -109 .... . -109¼ " 14......... 107¾-107¼ 108.¾-108¼ 109¼-109.J,( " 21......... 108.,t·-... .. 108%:-108¼ lO!l¾-109¼ " 28.. ... • ... 108¼-lO!l 1093-.(-109¾ 109¼-110 Nov. 4......... 108¾-109 109).(-..... llll¾-109¼ " 11.. .... • .. 108¾-109 109 ¼: -109¼ lll<JX-109¼ 109¾-109¾ HO -110¼ " 18......... 108¾-109 " 25....... .. 108~;.-108¼ 109¼-109¼' li0 -110¼ Dec. 2....... •• 106¼'--108¾ 108;i-108¼ t09¾-109.¾ 9......... 108¾- 108¾ 109 -109¼ 109¼-110 " " 16 .. ....... lOS¾-108¼ 109¼-109¼ 110 -110~ •• 23......... 108,½-lOS¾ 109 -109¼ 109¼- 110 " •·. .... ... 108¼-108¼ lOIJ -109¼ 109¼-1001' Date. Jan. 7. ... ..... " 14.. . ...... " 21.... ..... •• 28..... •• • • Feb. 4... .• • • •• •. 22......... https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis r---Partl!I.------, Long. ~18_¾-517¼ . . . . . -517¾ 518½-517¾ 5H!Ys-517¾ 618¼-517¼ 518¼-517¼ 518_¾-517¾ 518.Ys-517¼ 520 ~518¼ 521).{-520 523¾- 522¾ 522_¾-521¾ 523¼-521¼ 520 -518~ 518¾-517¼ 520 -518¼ 517_¾-516,!,:( 517¼-516.)( 517_¾-616,!,( 515¾-514¾ 515 -514¾ 515 -513¼ 615%-513¼ 516,!,:(-515¾ 516¼-515¾ 516Ji-515¾ 5Hi¼-515 515 -513¼ 512)1'-511,!,:( 513_¾-513¼ 513¼-513¾ 513¼-512¾ 520 -515 515 -513¼ 513,.(-512¾ 513¼-512¾ 515 -512¼ 515 -512¾ Short. 515¾-515 ..... -515 515¾-515 515%-515 515¾-511i 615¾-515 515 -615¾ 515¾-515 517_¾-516.J{ 518¼ -517¼ 521.J{- 520 520 -518¼ 521!,.(- 619¾ 517¾-516,!,:( 516¼-615 617_¼-513¼ 515 , -513¼ 515 -513¾ 515 -613¼ 513¼-512¾ 512_¾-511¼ 512,¾-511¼' 513¼-512¼ 514.¾-513¼ 514¾-514¾ 514.¾- 514.¾ 513¾- 512¾ 512_¾- 511.)( 511¾'-510 508¾- 507¾ 508¼-507¼ 508¼ -507¼ 511¼-508~,( 508¼-507¾ 507¾-505 507¾-506,!,:( 507¾ -506,!,:( 506.),(-505 ..... -.... . . ....--.......... ..... .....-..... . ,-----------.;"ontlnental :Marketl!I.---------Antwerp. Swiss. Hamburg. Amst'dam. Frankf't. Bremen, Berlin. 518¼-517½ 518¼-517¼ 35¼- •• : . 40¼-.... 40¾-.... 78¼-•• '11¾-.••• 518¼-517¼ 518¼-517¾ 35¼..... 40¼-... . 40¼-..•• 78¾-..•• 'lt,-; -.... 618¼-517¼ 518¼-517¼ 36 -36¼ 40¼-41 79 -79¼ 71¾•·71¼ 40¼-41 618¾-517¾ 618¼-517¾ 36 -36¼ 41 -41¾ 41 -41¾ 79 -79¼ 71_¾-71~ 518¼-517¼ 518¾-517¼ 35¼-36 79 -79¼ 71¾-71¼ 40¼-41 40¼-41 518¼-!;17¾ tlS¼-517¾ 36 -36¼ 40¼-41 79¼-~'9¼ 71¾•71.¾ 40¼-41 517_¼-518¼ 517_¾-518¾ 86 -36¼ 40¼-41 40¼-40¼ 79 -7!'),( 7Ha•71~ 618¼-517¾ 518¼-517¾ 86 -36¼ 40¼ -41 40¼-41 79¾-79¼' 71¼-71¼ 71 -'1l¾ 522¾-518¼ 522¾-518¼ 35¼-36 40¾-40¾ 40¾-40¾ 78¼-79 521,!,(-520 521,!,(-520 35¼-35¼ 40¾-40¾ 40 !-. -40¾ 78¼-76¼ 70¼-71 523¼-522¾ 524¼-'522¾ 35¾-35¼ 40.),(-40¾ 40¼-40¼ 78).(-78¾ 70\(-7ll~ 523¼-522¾ 524J.(-522¾ 35¼-35¼ 40¼-40¾ 40.V.-40¼ 78),;i-78.¾ 70'.<i -70¼ 523¼-522¼ 523¼-522¾ 35¾-35.¼ 40¾-40¼ 40~-40¾ 78¾-78~ 70½-71 ~ 521.J,(-518¼ 521¼-518¼ 35¾-35¼ 40¾-40¼ 40¼-40¾ 78.),(-78~ 70.¾-71\( 520 -517¾ 520 -517¼ 35¼--;35¼ 40%-40¾ 40_¾-40¾ 78,!,:(-78¾ 71 -71¼ 522¾-520 522_¾-520 35¼-35¼ 40¾-40¾ 40¾-40¾ 78¼-78¼ 71 -7H( 518_¾-517¼ 518_¾-517¾ 35¼-36 40¼-41 40¼-40¼ 78,½-78¾ 71¼-71¾ 518¼-517¾ 518¾-517¼ 35¼-36 40¼-41 40¾-40¼ 78¾-78¾ 71~-71¼ 518¾-517¼ 518¼-517¾ 35¼-36 40¼-41 40¼-40.¼ 78¼-78.¾ 71¼-71" 516¾-515 616¼-515 36¼-36¼ 41¾-41.J,( 41 -41¾ 79 -79¼' 71¾-71" 515¾-515 515¾-515 85¼-36¼' 41 -41¼ 40¼-41 79¾-79¼ 71¾-71¾ 515¾-513J{ 515¾- 513¼ 36¾-36,!,:( 41¼-41¼ 41 -41¼ 79.¾-79¾ 71¾~71¾ 79},-79¼' 71¾-71¼ 515¾-515 515¾-515 36 -36¾ 41 -41¾ 40¼-41 516¼-515¾ 516¼-515¾ 36 -36¼ 41 -41¾ 40¾-40¼ 79¾-79¼ 71¼-71¾ 516¼-515¾ 616¼-515¾ 36 -36¾ 41 -41¼ 40¾-40¼ 79¾-79¼ 71½-71¾ 516¼-515¾ 516¼-615¾ 36¼-36¾ 41 -41¼ 41 -41¼ 79.7.(-79¾ 71¾-71¾ 517,¾-515 517,¼-515 36¼-36¼ 41¼-41¼ 41 -'41¼ 79)1'-79¾ 71¾-71" 615 -513¼ 515 -513Ji 36¾-36¼ 41)1'-41¼ 41¼-42 79¾-80¼ 73,¼-74 512_¾-51H( 512_¾-511¼ 87 -37¾ 42 -43 44 -44¼ 81 -82 76 -71 41¼-42¾ 44¼-45 81 -81¾ 76 -79 513¼- 513¼ 513¾-513¼ 37¼-38 37 -38 42 -42¾ 42 -43 'l5 -77 81 -82 si2M=s1a¾ si2M-sfoi 37 -37¼ 41¾-41¼ 43 -43¼ 81 -81¾ 75 -76 81 -81.)( 74 -74.\ 616¼'-513¾ 516¼-513¼ 37 -37.)( 41¼-41¾ 421-$'-43 515 -512¾ 36¾-37 417,(-41¾ 41¼-42 80¾-81¼ 73.)(-73~,( 72 -72.14, 513¼-512¾ 513¾-512¼ 36¾-36¾ 40¼-41 41¾-41¼ 79¼-80 41¾-41¼ 79¼-80¼ 72_¾-73 613¼-512¾ 513¼-512¼ 36¼-36,!,:( 40¼-41 515 -512¾ 515 -512¾ 36 -36¼ 40¼-41 41¼-41¾ 79¾-79¾ 72!-'-72¼ 515 -512¼ 515 -512¾ 36 -36¼ 40¼-40¼ 41¾-41¾ 79_¾-79¼ 723,(-72~ 40¾-40¼ 41 -41,!,( 78.¾-79 71_¾-72 517¾-515¼ ..... -. •. . . 35¾-36 516¼-515 ••••. -.. ... 35¼-35¼ 40¼-40¼ 41 -41,!,:( 78¾-79 71_¾-71 518¼-517¼ ••.•. -.. .. • 35¼-35¼ 40½-40¼ 40¼-40¼ 78.¼(-78½ 71¾-71¼ ..... -.. . . • 36 -36,!,:( 40¼-41 40¼-41 71¾-71¼ 6iiix=~1s· · • • • • •-.. • • • 36 -36¼ 40¼--41 41 -41.¾ 78¾=79.. 71.¾-71:r-( 41 -41¾ 78¼-79 517¾-516¼ •.••• -.. . . . 36 -36¼ 40¼-41 71¼-71¼ 617¾-516¼ ..... - ..... 36 -36¼ 41 -41¼ 41 -41¾ 79 -79¼( 71¼ 7! 36 -36¼ 41 '-41¼ . 41¼-41,!,( 78¼-79 ti17¾-516¼ 72 -7'J~ 518¼-517¾ si4_¾-5i3¾ 36 -36¼ 41¼-41,!,:( 41¼-41¼ 79 -79¾ '72 -72~ 40¼-41 40'1/g-41 518¾-518,!,:( 515 -514¾ 35¼-36 78¾-78¼ 71)1-71,< 516¼-516¼' 515 -514¾ 36 -36¼ 40¾-40¼ 40¼-41 78¾-78¼ 71.Ya-71,< 517_¾-5163{ 513¼-512¾ 36 -36¼ 40¼-41 40¼-41 78¼-'N 713(-71¼ 517¾-516¾ 513 " -512¼ 86 -36¾ 4.0¾-10¼ 40¼-40¼ 78¼-'T!J 71¼-71,< li17¼-016¼' 513J,~- 512¼ '6 ·10¾ 40¼ -40¼ 40¼-41 71¾--7U{ 'lB¼-79 33 FOREIGN EXCHANGE. 1§7'1-1872-1§7:J. From 1871 to 18':3 inclusive, the only marked feature was the panic in 1873, except that at other times the market was occasionally depressed by 60 days' sterling bills borrowed by stock. operators. · In 1873 foreign exchange opened firmly, and so continued during the early months of the year, till the extraordinary moneystringency, culminating in April. depressed the price to 107¼ for prime 60 days' sterliug. Ooe of the ctirious features of the markt't was the large amount of 60 days' sterling bills borrowed by stock operators, who were accus tomed to sell the same, and thus obtain curreocy--for thtiir speculations, and repay th~ bills with short sight when the time came for settlement. Durin~ the financial crisis of Septe1nber, 187,3, the price of P-xchaoge was gre1:1.tly depressed, and th "' market was for some time at c. dead lock, it beiog imposi;iible to Pegotiate bills at any price. Bankers' 60 days' sterling were reported as mid down to 103, tiight at 104:, and cable transfers at 104@10 •i; commercial bills at one time were reported a.t 101@102. 1§71. January. 60 3 February. 60 3 March. 60 3 April. 60 3 May. 3 60 Jnne. 60 3 July. 60 3 August. 60 3 days. days. days. days. days. days. days. days. days. days. days. days . days. clays. days. days. S. 109¼ llL"½ IO!l,½' llO,¾ 109¼ 110,¼ 110¼ llU¼ 110¼ 11 0¼ 110¾ 111¼ 110 110¾ 1. . . . s. Holiday. 10!/¼ 110¾ 109¾ 110¼ 110¼ 110¼ 110¼ 110¼ 2 .••• s. 110 110¼ Holiday. 109¼ 110¼ ~09¼ 109¼ 109¾ 110¾ 109¾ 110½ 109¼ 110¼ 110¼ 110¼ 110¾ 110•, 8 . •• 1111 ¾ 11 0¾ 110¾ S Holiday. 109½ 110¾ 4 .••• l O!l¼ 109;-~ J03½ 110¼ lO!J¾ 110¼ 110 ,,...... .. 10!)¼ 109¼ 109¼ 110 10~¼ 110 s. s. 110¾ 110¼ 110¾ 110¾ 9 . ••. 109¼ 110 110¾ 109¼ 110 11. ... . 109¼ 110 110¾ 8. 12 ... . 10;}.J,.( 110 109½ 110¼ lO!l,¼ 110¾ 14 . .•• 109¼ 110¼ 109 1 110¼ s. 109¼ 110¾ 15 .... 109,¼ 110¾ 16 . ••• 109;,( 110 17 ...• 109¼" 110¼ 109¾ 110¾ 18 . • 109¼ 110¼ 10!1¼ 110,¼ S. 19 . ••• 109¼ 110¼ 20 .••• 109¾ 110.J,.( 109¼ 110¼ 109}, 110.J,.( 10:1¾ 110½ 2l. ... Holiday 22 .•. 109.J,.( 110¼ 109¾ 110¼ 2-'l . ••• 2L. •. 109¼ 110~ 109¾ 110¼ 109¾ 110,1.i( 109¾ 110¾ 25 .••. to .... lOU¾ 110,¾" 27 .••• 10!-l¾ 110.J,( lOfi¾ 110¾ 28 .••• 109¾ 110.J,( 109,¾ 110¼ 2!) .••• 80 .•• 109¼ 110¾ &1 .••• 109¼ 110¾ '1 .••• 11 •••• s. :o ... . 109,¼ JO!)_½ 109¼ 109,¼ 10\l¼ 109½ n ... . s. s. s. ~;nuar~. F~~ruiu;- 110 11 (1,¾ 109¾ 110¼ 110 llO¾ Holiday . 109¼ 110¾ 109;,f 110¾ 110 110¾ 109¼ 110¾ lO!l¼ 110¼ 110 110¾ 10!),¾ 110¼ 110 110¾ s. 110 110¾ lO!l¼ 110¾ 110 110¾ 10~1¼ 110¾ 110 11 0¾ 109¼ 110¾ 110 110¾ S. 109¼ 110¾ 109¼ 1 10¾ 110 110¾ 109¼ 110¾ 110 110 ~. s. 110 110¼ 110 110¾ , 110 110¾ 110 110¾ lltl 110¾ 109¼ 110¾ 110 110¾ S. lO!i:% 110,¼ 109¼ 110¼ 110 110¾ 110 110¾ 10\I¼ 110¼ s. 110 110¾ 109?/a 110,¼ 110 110 ¾ 109½ 110¼ 110¼ 110¼ 109¼ 110_¾ 110¼ 110¼ fl. 109¼ 110,¼ 109¼ 110,¾ s. roarc\ ~prll. 3 110¼ 110 % 110¼ 110¾ 110¾ 110¼ 110¼' 111 ¾ S. 110¼" llO¾ 110¼ 110¾ 1 10¼ 110¾ 1 !O¼ llOJ.( 110¼ 110 ¾ 110),.( l lO¼ 110¼ 110:% 1 107,( 110¾ s. 110¼ 110½ 110 110¼ 110¼ 110¼ 110 110¾ s. 110¼ 110¾ 110¼ 110¾ 1 10¾ 110¾ 110¼ 111 111 1¼' 110J[ 110¼ 11 l 110¼ 110J.( 110¼ Ill S. 110¼ 111 110¼' 110¼ 110¼ 110¼ . 110¾ 11 0¼ S. 110¾ 1 10¼ 1!0½ 110¼ 110¾ 110¼ 110¼' 110¼ 110¼ 111 110¼' 110¾ l!O¼ 111 110¼ 1IO¼ S. W l¾ 110¼ 110,¼ 111 110¾ 110¼ 110¾ 111¼ S. 110¾ lll¼ 110¾ 1 ' 0½ 110¾ 111¼ 110¾ 110¼ 110¾ 111¼ 110¼ 110¼ 110¾ lll¼ ~ay. 6 3 iune. 6 3 109¼ 110¼ S. 109½ 110.¾ 109¼ 110¼ 109¼ 110¼' 110¼ 111 109,% 11!1¼ 110¾ 110¾ 109¼ 110¼ 110¾ 110¼ 109¼ 110 110¾ 1 !O¾ S. 110¼ 1'10¾ . 109¼ 100¾ 110¼ 110¾ 109¼' 109J,a'. S. 109,!i lO!J¼ 110¾ 110¼ lQll74 109,¾ 110¼ 110J{ 109¾ 109¾ 110¼ 110¼ 109 lO!J¼ 110¾ 110¼ s. 110¾ 110¼ 108¾ 109¼' 110½ 110¼ 108¼ 109¼ S. 109 lO!l,¾ 110¼ 110¾ 109¼ 109¾ 1107,( 110¾ 109¼' 109~.( 110¼ 11(),¾ 109¼' 109¼ 110¼ 110¼ 110 110¾ 109¼' lO!l¼ 110 110¼ 109¼ 109¾ lOf.¼ lO!l¾ S. 110 llOt, 109¼ lGO¾ lJ C¾ 110¾ llOJ<$ 110,¼ 111¼ lll 111 1ll s. s. 60 u,,.3 !~gusi September. 60 3 October. 60 November. December 3 61 3 60 3 days. days. days. days. days. days. days. day@. 109 !O!J¼ S. 108¾ 109¼ 109¼ 109¼ 109 109¾ 108¼ 109 108¼ 108¼ 109,¼ 108J.( 109¼ 109¼ 101'¼ lOH¾ lO!J¼" 108¼ lO!J¼ lO!l¼" 109 110 lO!J),( ,r..i 109;, 109 110,;,( s. 109 110.J,.( 108¾ 109¼ 108¾ 110 108¼ 108¾ 108,¾ lOflJ{ 108¾ 108½ 108¼ 109¼ 108¾ Hl!l¼ 108¾ 109¼ 108,½' 109¼ S. 108¼ 109¼ 108¼ 109¼ 8. lQ8)t lQ ¾ 108¼ 109¼ 10· ¾ 109¾ 108¼ 108¼ 108¼' 109.J,.( 108¼' 108¼ 108¾ 1C9¼ 108¾ 109 108¼ 109¼ 108¼ 109¼ S. 10S¼ 109¼ 108½ 109¼ s. 101-!¼ 109¼ 108¼ 109¾ 108¼ 109;4 108¾ 109¼ 108¼ 109¼ 108¼ 109¼ 108¼ 109¼ ' 10!<¼ 109¼ 108¼ 109¼ 108¼ lO!l¼ S. 108¼ 109½ 108¼ 109¼ • • • • • • • • • • 108¼ 109¼ 108¾ 109¾ 108¾ 109¾ 108¾ 109¾ S. 108¾ 109¼ SeJ tem1 er. N B. 109 108¼ 10~¾ 108¾ 108¼ 108¼ 0 3 ~gtobe:- 109¼ 109¼ F,, 109¾ 109¼ 109¼ 109¼ 109¼ 109¼ Holiday. 109¼ 109¼ 108¾ 109¼ 109 109¾ 108¾ 109¾ 109 109¼ 108¼ 109;,a'. B. 108¼ 109¼ 109 109~ S. 109¼ 109¼ 108¼ ,l.09¾ 109¼ 109¼ 1 ,8¼ 109¼ 109.J,( 109¼ 109 109¼ 1097,( 109¼, 109¼ 109¼ 109],( 109¼ 1097,( 110¾ 109¼' 110}{ 109¾ 110 s. 109¾ 110 109¾ 1103( 109¼' 109¼' 10!1,¾' 110.),.( 1093( 109¼ 109¼ 110¼ 1:J9¼' 109¼ lO!l¼ 110 109¼' 109,¼ 109¼" 110 s. 109¼ 109¼ Holidav. s. lOH.),.( 109¼ 109 109¾ 109¼' 109¼ 109 109,¾ 109¼ 109¼ 109¼ 109¼ ln9¼ 110 Holiday. 109¼ 110 s. s. 60 c--it -.Ji,cm~;r. day_s. days. dar.s. days. days. daye, days. days. days. days. days. days. days. days. days. days. days. days. days. days. days. days. dayl'. days. !. ... 2 ...• 3 •••• ( .... 5 . ••• 6 .••• 7 •••• 8 .••• 9 .••. 10 .••• ll. ... iL: H ..•• 15 •••• 16 ..•• 17 ..•• 18 . . . H<lliclay. 109¾ 109¾ 109¼ 10<})4 109¼ 110¼ 110 110 109¼ 109¼ lO!l ¼" lO!l¾ 109 ~ lv!J,l( 109¼" 109,)( 1(,9_¼ 110 109,l( 109¼ 109¼ 109¼ s. s. 109 'i 109¼ 109,l,,( lO!J¼ toll}.( 109¼ 10!1),.( 109¼ rn ... . 10!1!,( 10!)¼ 20 .. •• 21. .. . l U!JJ.( 109,¼ 22 ... . rnn1 10!l¾ s. 23 ..•• l i!H ',( 10- 8 24 .••• lO!l¼ 109J,a'. 2,'> .... IO!l¼ 1!;9¼ 1} 21L •• 27 . .•• :./8 .... 2\.1 .••• HI • ••• ,.L . ••• 109¼ 109¾ l u9¼ 109¼ s. 10!),½, lO!l¾ 10!1¼ 109¼ 109 10!1,¾ . Januaty. 60 a 109 · 109¾ 109¾ 110¾ 109¾ 110¼ 10'.I¼ 109,¾ 109¼ 110.Ya 109¾ 110½ s. 109¼ 110¼ 109¼ 109¼ s. 109¾ 110¼ 109¼ 110¼ 109¼ 109¼ 109½ ilOJ, 109¼' 110 109¼ 109¼ 109½ 110¼ 109.J,{ 110 1CJ9½ 109¾ 109¾ 110¼ s. 109¼ 109;.( 109¼ 110½ 109¼' 110 109 Ya 109J< ·~¼ 110¼ 10.1},( 110 109¼ 110 S 109 ~ 110¼ s. 10!)½ 110,l,( 109 "'( 110¼ lO!l.),( 110 109% UO¾ 109,Ji 110¼ 10!) I,;( 110 lO!l,¾ 110¼ 109¼' !10¼ s. 109¼ 110¼ 10!1 ¾ 110¼ JO ¾ 110½ 109½ 110.J,{ 109¾ 110.J,.( 109¼ 110¼ 109¼ 110.),.( 109¾ 110¼' s. 109J{ 110¼" 109¾ liO¼ s. 109¼ 1107,( 10 I¾ 110¼ 10\J,½ 110.J,;( 109¾ 110}a" lO!l¾ 110¼ 109½ 110¼ 10!1¾ 110¾ · 109¼ 110¼ 10!-l,½ 110¼ lOH¼ 110¼' S. Holiday. 109,½ 110.J,.( 109¼ 110,l,( 109¾ 110¾ 109¼ 110,J,( 109,½ 110¼ 109¾ 110¼ s. 109¾ 110¾ S. 1G9¾ llO¼ 109¼ 110¾ 109¼ 110,J,( 109¾( 110 109¼ 110¾ 109¼ llO}.( 1.:J9,½' 11 0¼ lO!l¾ 110¼ 10~)¼ 110!,( 109¾ 110¼ s. Holiday, 109J,i" 110¾ 109¼ 110;,: 109¾ 11()¼ 109¾ 110¼ •••••• . -· 1:1. F ebruary. 60 3 March. 60 3 April. 60 3 lO!l¼ 109¾ IO!)¾ 109J.{ 110,¾ 109¼-110¾ 110¾ 8. ll :l % 109¼ 110¼ 110¾ lO!l¼ 110% s. 109½ 110¾ 109¼ 110,¾ lOH¼ 110¾ 109¼ 110¾ 100¼ 110¾ 10')¾ 110¾ 109¼ 110¼ s. 109¾ 110% 109¼ 110¾ 109¾ 110¾ 109¼ 110¾ 1"9½ 110¾ s. 101·1¼ 110¾ 109¼ 110¼ 109¼ 110¾ 109¼ 110¾ 109¼ 110¾ 10'1¾ 110¾ 109¼ 110¼ 109;.{ 110¾ s. lO!lJ{ 110¾ 109½ 110¾ 109¼ 110¼ 109¼ 110¼ ::l. 10!-l¼ 110¾ 109¾ 110¾ 109,¼ 110¾ lO!l¼ 110¾ 109¼ 110¾ 1093.( 110¾ 109¼ 110¾ 109¼ liO¾ S. 109¾ 110¼ lO!l¼ 110¼ 109¼ 110,½ 109¼ 110¼ s. 109¼ 1101, 109¾ 110½ 110 110¾ 109¼ 110¾ 110 110¾ 109¼ 110.¾ 110 110¼ 109¾ 110.¾ (. ~ s. 109¼ 110¼ . ; ••••••••• May. 60 3 June. 60 3 days. clays. day~. day>'. days. days. days. days. days. clays. days days. 1.... (Holiday.) 109½ 110¾ 108¾ 10\1¼ 107¼ : 08).( 108¾ 1091{ s. 2 .... S.... 4 .... 5... 6 .••• 7... 8 ..•• 9 .••• 10.... It:: 13 . • . 1'1 ..•• 15.... Hi.... 17.... ;t::: 20 .. . 21.... 2-J.... ;.l ! .. .. 24 . ... 25 .... 26 .. .. , , .. .. 2_; 2J.... 3 I,... 31.... 109¼ 110¼ s. 109,-, 110; <$ 109~ 110¼ 109½ 110¼ lt •9½ 1103{ s. 109!') 110¾ 109¼ 110¼ 1(,9,¼ 110¾ 109½ 110¾ l()!J½ 110¾ 100 ¾ 110¼ 109¼ 110¼ s. lO!lJ11 110¼ 10!1 ¾ 110½ 109¾ 110.J,.( 109,, _110,¼ 109¾ 110¼ 8 109¼ 110¼ 109,½ 110¾ 109¾ 110.),.( 109¼ 110¾ 109¼' 110¼ 109;' 110,!4 109¼ 110½ s. l O!l¼ lJO¾ lOH;f 110½ lO!l7a 110 lOH¼ 110 109)\:10¼ lO!l½ 110 109¼ 110½ 109 109½ JOH½ 110½ 10!1 JO!I½ lO!l¼ 110¼ (Holiday.) 109¾ 110,½ i:l. 109% 110½ 109 109¼ 10!l% 110¼ lO!l lO!l¼ . .,. s. 108J~ 109¾ 109½ 110¾ 108Sii 109½ 109?, 110¼' 108¾ 109¼ 109;, 110¼ !O~I½ llOV. 1'):IX[ tlO¼ https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis s. 107¼ 108¾ 108¾ 109¼ 108¾ 109¾ 107¾ 108¼ s. 107¼ 108¾ 108¾ 109¾ 108:J,,i 109¾ 107½ 108¾ l t18½ H 9!-i 11)7¼' 108,l( 108½ 109,¼ 107J' 108!,( 108%" 109% 108 108 ½ 107¼ 108:J,4 108¾ 109¼ 108¼ 108½ (Holiday.) 108 108½ 107¼ 108¼ 108¾ 109¼ 10:-1 108¾ s. 108¾ 109¼ 108 108J.( 107½ 108¼ 108¼ 110 108 108J,a'. 107¾ 108¾ 108¼ 110 s. 107¾ 108¾ 109¾ 110.),.( 108¼ 109 107¼ 108¼ 109¼ 110¼ 108.¼. 1(19 107¼ 109 s. 108 s.108Ji 109¼' 110?,f 1091/o 110¼' 108¼ 108¼ 108¾ 109% 109¼ llfl¼' 108¼ 108¼ 108¼ 10!)¾' 10!-l,¼ llO¼ s. 108% 109¾ 109¾ 110¼ lOlHi 108¼ 108½ 109½ 109 110 108¼ 109 108¾ 109½ s. 08¾ 109¼ 108¾ 109,¾ 108¼ 109½ 08¾ 109¼" s. 108¼ :09¾ ~08¼ 109:-11° 108¾ 109¾ 108¾ 10rl3( 108¼ 109¼ 1083~ 109¾ 108J.( 109¾ S. r~ 108¾ 109,½ 1Uoliclay.) lOS:. 109 .. ....•.•. 108¼ 109¼ lOB½ 109¾ 108¼' 109¼ 108¼ 109 )4" rn:-;y. 109¼ 108 108¼ 108 108¼ 107),,( 108¼ s. s. s. rn~~ i8~ s. 110¾ 109¾ 1107-( 110¾ lO!l¼' 110.1( 108¼ lO!l¾ 110¾ 109_!,( 110¼ 11 18¼ 10!1¾ Holid,,y. S. 103¾ 109¼ 110 110¾ 109 !,.( 110¼ 108¼ 109,½' 110 110¾ 109¼ 1 to 108¾ 109¾ 10 l,¼ 110 108¾ 10\J¼ ~ 110 110¾ 10..Cl 109¼ 110 110¾ 108¼ 109¾ 108,1(, 109 110 110¾ 108¼ 10;)¼ 108¼( 10!) 108¼ 1(19 110 110% 110 110:¾ 108;i 109¼ 108;' 1119 110 110¼ 1118¼ 109,¼ · 108 ~.( 10!1¼ 108¼ 109)4'. 108.¼,' 109¼ J IO- 110¾ 108¼ 109¾ s. ::.10 110¾ 108¼ 109¼ 108¼' 10!l1( 110 110¾ 108¼ 109¾ 108.),;( l O!l.),;( s. 109¼ 110.¾ 108 1.0.9 10!!¼ 110¾ 109 109¼ 108½ Iffil¼ 109½ 110¾ 109¼ 10!1¼ 108¾ 10!•¼' s. 109¾ 109½ 107¼ 108¼ s. 109¼ 110¼ 109 109¼ 109¼ 110,¼ 109 109,¾ 107½- 109¼ 10lJ¾ 110¼ 109¾ 109¼ 107¼ 109¼ s. 107¼ io9}a 109¼ 110.½ 109¾ 110½ 109),.( 110 107¼ 109½ 169¾ 110¼ lOrl¼ 109½ lOi¾ 108}~ S. 109 109¾ 107¼ - 108¼ ;:l. 109% 110¼ !09½ 109¼ . tofl¾ 110¼ 109 lOfl¼ 107¾-108¼ lO!l¼ 110¼ 109 109¼ 110 110 110 s. s. s. July. 60 3 Augnst. 60 3 clays. days. days.days. 109),.( 1101/a 109,l( 110¼ 109!,,( 110¼ 108¼ 110 108¼ 110 108¼ 110¼ (Holiclay.) 109 110¼" (Holiday.) 109¼ 110¾ 109¼ llO;i 109¼' 110¼ s. 109¼ 110¼ 109¼ 110¾ 109¾ 110¾ 109 1: 0 !(. 109 % 110¾ 109¼ 110¼' lO!Hi 110¾ 109¾ 110,l( 109¼ 110¼ 10!1¼ llO,l( S. 109¼ 110¼ 109¼ 110¼ s. 109¾ 110½ 109¼' 110.),.( 109¾ 110¼ 10!)_),;( 110¼' 109¼ 110~ 109¼' 110 ~- 109¾ l iO¼ 109!,,( 110¼" 109¼ 110,1,( 109¼ 1 •O¼' S. 109¼ 110¼' lO!l¾ 110.),.( S. lO!l¼ 110¼ 10rl,l,,( 110¼' 109¾ 11 0),4 109_¾" 1107,( lOU¾ 110¾ 109 ; 110}( 109,),( ]JO 109¾ 110¼' 109¼ 110 109¾ 110¼' s. 109¾ 110¼ lO!l;' 109¼ s. 109 109¼ 109¾ 110¼' · l.Q;) 109?i 100 lOOJi s. 109 109 September 60 3 s. October. 60 3 days. days. days. days. 109¼ 107;,f 108½ 109,¼ 107¼ 108¼' 107¼ 107¼ 109 109¾ 107¼ 107¼ 109 109¾ 107½ 108,l( 10!) 109¾ 10S · 108¾ 109 109% lO!l 109¾ 108¼ 109¼ 109 109,% 108¾ mi%' lOf % 109¾ 109 109¾ 108¼ 10!17,( 108¾ 109¼ 108% 109¾ 108¾ 109¾ 108¼ 1097,( 108% lO!l¾ 108½ 109 ,,.: 108¾ 109¼ 108,J.,i 109¼' 108,% 10!1¼ s. 108¾ 109¾ 10S¾ 109¼ 108½ 109¼ 108;i 108½ 108,½ 10!1¼ 108¼ 108¼ 108¼ 109¼ s. 108 108¾ 107¼ 108¾ 108¾ IO!l¼ 107¼ 108,¾ 107,¼ 108),( s. 107 107J[ 107¼ lOS¾ 105¾ 106 .:i 107¼ 108% 105)1106½ 107¼ 108% 105,½ 106¼ 10S¼ 108;~ 108 118¼ 105]4 106¼ 108 108¼ lOG¼ 108 s. s. s. s. s. s 107.J,{ 108¼ 1(18J,a'. 110¼ 107,¼ 108¼ 108¾ 110 s. 107¼ 108¼ 107¼ 1t!8½ 108~ 109½ lfoliday. 107¼' 108,¾ !08}e 110 s. 108 109¾ 108¾ 110.½,' 108¼ 110.¼( 108"1 110 1t •8¼ IOH¼ 108¼ llO¼ 108¼ 110¼' Yi~ 108¼ 11 0¾ 105y8 l O½ 108¼ 110,¾ 108,¼ 110¼ 108¼ 11(),½ 108¼ 110¾ 108~~ 110¼ 108¼ !10¼ 108]4'. 110¾ 109 110¼ 108,% 110.~ 109 110½ s. 109 110¼ 108% 11(13( 109 1111¼ 103¾ 110¼ S. 108¼ 110¾' 109 110¼ 108¾ 110¼ 109 110¼ 108¼ 110¼ 108¼ 110.J,.( 108¼ 110¼ lO!J 110¼ s. 109 110¾ 1f18,¼ 110¼' 109 110¼ 108¼ l i OJ,( s. 108¼ 110 109 110¼ Holiday. 109 110¼ 108¼ 110 108¾ 110),4 108¼ 110 108¼ 1103' Novemher GO 3 days. day~. 107¼ 107¼ 107 107¾ 109 106¼ 108¼' 108¾ s. .108.l:( 106),.( 108 108)4: (Holid,. y.) s. 106 108 107¼ 108¼ 105½ 108 107,l( 108¼' 105¼ 108¼ 107 108 106 108¼ 107 108 s. 106~{ 107¾ 100 108¼ 108,½' 106¼ lll7¼ 106 s. 106¼ 10 ¼ 106¼ 107" 107 10!1 107 108 107 lOfl 107 10!) 107 108 106 107 s. 106¼ 107½ 10fi¼ 108¼ 1C6 ~ 108 106¼ 108½ s. 107 1083,4 lOti¼ 108 107¼ 108¾ J07 108¼' 107 108½ 106¼ 108 107 lOS¼ 10M·4 108 lOG '\r 108 J:( 107;-.( 108¼ 100¾ 108¼ 107½ 108¼ s. 107¾ 108¾ 106¾ 108¼' (Holiday.) .lfH¼ 108!,.( 107¼ 108¼ lO!i¼ 108',( 107¼ 108¼ 106½ 10S¼' JOG½ 108).( s. s. S. 108¾ 108¾ 101-lJ.f 1 ·8.% 108,% 10 ,. 110,;,( 110¼" 110¼ 110¼ 110¾ 110¾ 1 s. 108¾ 110¼ • 1~-l_S/ tlllV 109· • i JO Ji lO!l¼ 110¼ 109¼ 110,1(' 109¼ 110],( s. 109¼ 109¼' 109¼ 109,¼' IO!J¾ 109¾ 110,1(' 110¼ 110¾ 110½ 110>, 110>, s. 110¼ 110.¾ 109,¼ 109½ 10!1¼ 109¼ 109½ 109¼ 110 ➔, 110¾ 110¼ 110¼ mnlilo¼ lW¼ 110¾ December. 60 3 1/18½ !09¼ 108¼ 108 108¼ 108¼ 10~½ 110¼ 109~ 109 109,!i 100,¾ 108;,; 108¾ 108)f !08% 108¼ 108¼ 109¼ 109¼ 109½ 109½109¾ 109¼ 10!!½ 109 109 109 108¼ 108;!,-4 109¼ 109½ 109¼ 109~, 109,¾ days. days. s. s. 1.0 s. 108¾ 109¼ 108¾ 109¼ 108,l( 109¼ (Holiday.) 108¾ !09.!,£ 108¾ 109-,¾ s. 109~ 10$ 7 ~ 109¾ 108.4 HY.l¼ 1,,9 34 FOREIGN EXCHANGE. 187'4~U'2'~-187'6. In 1874 rates for sterling bills were unusually steady, and during a large part of the year were very firm. The rates reachf'cl 11pecie shipping point several times, leading to considerable shipments of coin. Tile r eturn movement late in the yeHr of United 1:;tates Government bonds to this country ~&s estimated by soru9 of the most competent judges here to arp.ount to about $8,000,000. In 1875 there was little to disturb the course of exchange so far as the transactions between the United States and foreign countries were concerned; but the rates w ere greatly depressed at times by the scarcity of ca.sh g old in New York, and the consequent high rates on gold loans forced by speculative manipulation. In 1876 the price of foreign exchange was very little disturbed either by speculative manipulations or by bond negotiations abroad, and the market was left to take its course as governed by ordinary trade influences. In the first seven months of the year rates frequently ruled high enough to admit of the shipment of specie at a profit; but after July the market w eakened, and during the last three months there was little active demand from any quarter and rates rulP.d so low as to induce considenble shipment, of coin from abroad. The large excess in the exports of. the cou.at,ry over the imports was generally believed to have had a3, ;.\llportant bearing on the ratt>S of exchanJr,{e. ]874. January. February. Mlll'ch. January. February. March. Jr.unary. February. March. 3 60 3 60 q Day of 60 Month. days. days. days. days. days. days. 1.... Holiday. . .. .. S . . . ... . .. . . S •. . . . 2 .••• 4.83 4.87 4.84 4.87½ 4.84½ 4.88 3 . .•• 4.82¼ 4.86.½ 4.84.½ 4.88 4.84¼ 4.88 4 . ........ S ...• •• 4.85 4.!<8¼ 4.84 4.87½ 5 . ..• 4.83 4.87 4.85 4,88¼ 4. 84½ 4.88 8 .. . 4.82.½ 4.~6¼ 4.84¼ 4.1:!8 4.84¾ 4.88 'L .. . 4.b2 4.86 4.84,¾ 4.88 4.84_½ 4.88 8 .... 4.82.½ 4.86 .... s . .......... s.. . . 9 . .•• 4.83½ 4.87 4.84 4.87.½ 4.84 ½ 4.88 10 .... 4.1:!3¼ 4.87 4.R4_½' 4.88 4.&i_½ 4.88 11. ... ... . S ....•• 4.85 4.88¼ 4.84½ 4.88 12 .... 4.R3~ 4.87 4.S5 4.8tl½ 4.84½ 4.83 ld . ... 4.83¼ 4.87 4.85.½ 4.89 4.84¼ 4.BB 14 .... 4.83 4.fl6,½ 4.85,½ 4.89 4.85 4.88¼ 15 . .. 4.83 4.86½ .S........... S. . ... . 16 . . .. 4.84 4.87.½ 4.85 4.88¼ 4.1•5 4.8~.x 17 .... 4.84 4.87¼ 4.85 4.BS½ 4.85 4.8"X 18 .... ..... S •.... . 4.85 4.83.½ 4.85 4.88½ 19 .... 4.~ 4.87½ 4.85 4.118¼ 4.85 4.88 20 . .•• 4.83 4.86½ 4.85 4.RS¾ 4.85 4.88 21. ... 4.8:~ 4.P6½ 4.85 4.88.½ 4.85 4.88 22 .... 4.84 4.88 . ... S . . ... . .... . S . . .. . . ~ . ... 4 . .::4¾ 4.88 Holidav. 4.85 4.88 24 .•. 4 84¼ 4.88 4.85 4.88½ 4.85 4.88 25 ...• ... . S •... •. 4.84¼ 4.88 4.85¼ 4.S'l,l{ 26 . . •• 4.S3¼ 4. 87 4.84 4.87¼ 4.85½ 4.!IBX fl1 . .•• 4.•W 4.8i½ 4.84 4.>--7.¾ 4.85¼ 4.88.)i tS... 4.8-1¼ 4.88 4.84 4.~,7½ 4.85.½ 4.88½ 29 .... 4.84 ½ 4.o'l .... . S. . . 30 .•• 4.84 4.87¼ 4.S5 4.88 :it. ..• 4.84 4.87¼ 4.8a 4.88 April. May. April. M11y. 60 3 130 3 clays. days. days. days. 4.8\½ 4.8~½ 4.8j 4.91 4.RG¼. 4.88¼ 4.88 4.91 Hobday. . .... S ...... 4.85¼ 4.88¾ 4.88 4.91 . .... S . ..... 4.8~ 4.91 4.85¼ 4.BR¾ 4.88 4.91 4.85¼ 4,88.½ 4.R8 4.91 4,R5½ 4.88.½ 4.88¾ 4.91¼ 4.85½ 4.38.½ 4.88,¼ 4.91¼ 4.~5½ 4.8:3!,,' .. . .. S . . .... 4.85¼ 4.88.½ 4.83¼ 4.91½ ..... S ...... 4.81 4.91 4.85 4.88 4.88 4.91 1.85¾ 4.88¼ 4.88 4.91 l.85½ 4.88½ 4.88½ 4.91¼ LB/I½ 4.88¼ 4.88,½" 4.91¾ 1.8~½ 4,88½ ..... S..... l.8::i.¼ 4.8S½ 4.88,½ 4.91,¼ ..... S . ..... 4.88_½ 4.!ll½ 4.F<6 4.89 4.8 ¾ 4.91¼ 4.86 4.89 4.88.½ 4,\ll),g 1.86 4.89 4.88.)14.91½ 1.86 4.8:1 4.88½ 4.91½ L86,½ 4.8!l½ . ... . S . . .... L86.¼ 4.89¼ 4.88¾ 4.91¼ ..... S.. · ... 4. "8½ 4.91¼ U38 4.91 4.88½ 4..!11¼ J.87.½ 4.90¼ 4. -, ½ 4.91¼ -1.87¼ 4.90.!,ef 4.'lR¼ 4.!ll½ 4.87¼ 4.90,'1) Holiday. ..... s...... June. 60 3 days. days. 4.S~¼ 4.91½ 4.88½ 4.\11¼ 4.BS½ 4.!11¼ 4.88¼ 4.91¼ 4.8.'.½ 4.!tl.½ 4.88_½ 4.!H,½ .... S . .. ... 4.88¾ UH¼ 4.88 4.91 4.8-l 4.91 4.88¾ 4.91 4. 88 4.91 4,88¾ 4.91 ..... S .. ... . 4.B!l½ 4.91 4.89 4.!11,½ 4.89 4.~1¼ 4.88,¼ -1.91 4.85¼ 4.91 4.8S.¼ 4.91 .... . S.... 4.88¼ 4.91 4.83½ 4.9l 4.8'3.½ 4.91 4.88½ 4.91 4.88¼ 4.9( 4.68.½ 4.Jl . ..•. S .. . ... 4.88,¼ 4.91 4.88½ 4.91 July. August. September. October. November. December. 60 3 60 3 60 3 61J 3 60 3 60 3 days. days. days. days. days. da.ys. days. days. days. days. da,·s. days. 4.88 ~ 4.\lt 4.83 4. :'.:0½ 4.87 4.8.1¼ 4.85 4.t!l3 ..... 8 ...... 4.85¼ 4.90~ .J.88¼ 4.91 ..... S.... 4.87 4•.:J9.½ 4. %½ 4.R8½ 4.84½ 4.8:3 4.1-l5.½ 4.90½ . ... 4.90.½ 4.88 4.90.½ 4.87 4.89¾ 4.85¼ 4.RB¼ Holiday 4.85 ¼ 4,9tl¾ Holiday. 4.88 4,90¼ 4.85¼ 4.89 .... . S.... . 4.64¼ 4.88 4.85½ 4.90¾ .. .. . 8 . ... .. 1.83 4.90¼ 4.86¾ 4.89 ~.85½ 4.88¼ 4.85 4.88¼ 4.85¼ 4.90¼ 4.88 4.90¼ ~.83 4.91 .. . .. S ...... 4.P6 4. 'l9 4.1!5 4.88_½ .. .. . 8 .... 4.~8 4.91½ 4.87¼ 4.!!1 4.R6 4,88.½ 4.8o 4.B9 4.85.½ 4.89 4.85.½ 4.90¼ 4.87½ 4.90 4.87¼ 4. 91 4.85¼ 4. ss · 4.S5.½ 4.88.½ ..... s • . . .•• 4.S5½ 4.90¼ 4.87¼ 4.90 .. . 9 .. . ... 4_q5 4.Si¼ 4.85½ 4.8'1¼ 4.551{ 4.89 4.85½ 4.90¾ 4.~7¼ 4.90 4.87.½ 4.91 4.85 4.87.½ 4.85¼ 4,88½ 4.85½ 4.89 4.85.½ 4.90¼ 4.87¼ 4.90 4.87½ 4.~,1 4.Bl 4.86 ¼ ... .. S... . .. 4.85¼ 4.69 4.85½ 4.90¼ .... S.. . .• 4. 7,¼ 4.U 4.8:l 4. 86¼ 4J 5 4.88 4.il6 4.89¾ 4.85¼ 4,90¼ 4.87¼ 4.90 4.8"i¼ 4.91 ..... 8 •..... 4.84¼ 4.87¼ 4.86,½ 4.90 • , ..• S ..... . 4.87½ 4.90 4.87.½ 4.91 Vl4 4.fl6¼ 4.ili.½ 4.87½ 4.86.¼ 4.90 4.85½ 4.90¼ U7 .4.89¼ 4. 87½ 4.91 4.84 4.86¼ 4.81½ 4.88 .. . S ...... 4.85½ 4.90½ 4.87 4.89¼ . . .S.. . . 4,84¼ 4.87 4.85 4.R8¼ 4.87 4.!ll 4.85½ 4.90¼ 4.87½ 4.90 4.87.½ 4.91 4.'l4½ 4.87 4.85 4.8::lJ,,i 4.Bfi.½ 4.90½ 4.85½ 4.90% 4.87,½ 4.90 4.b7.¼ 4.91 4.84½ 4.87 ..... S •..... 4.86 4.!lO 4.85¼ 4.90½ .... . $.. .. 4.87)f 1.91 4.84.½ 4.87 4.85 4.38.½ 4.85¼ 4,8!1½ 4.85½ 4.90¼ 4.87¼ 4.90 4.87¼ 4.91 .. . .. S ...... 4.85 •,; 4.89 4.86 4.90¼ . . . .. S ..... 4.•l"7.½ 4.90 4.87½ -1. nl 4.84¼ 4.87 4.85¼ 4.89 4.86 4.!K)½ 4.>'5.½ 4.90¼ 4.8;¼ 4.HO 4,Bi_½ 4.91 4,84¼ 4.87 4.85¾ 4.89 ..... S ... . . . 4.85½ 4.90¾ 4.8 :½ 4.90 ..... S...... 4.84.¼ 4.87 4.85¼ 4.89 4.86 4.!10½ 4.811,½ 4. ~0¼ 4.88 4.90¼ 4.87,½ 4.91 4.84 4.86¾ 4.85½ 4,89 4.86 4.90¼ 4.1<6 4.90¾ 4.88 4.90.½ 4.87¼ 4.90¼ 4.84 4.81i¼ . . ... S..... 4)·6 4.90½ Holiday. . .. . S. ... .. · 4.87¼ 4.90¼ 4.81¼ 4.87 4.85¼ 4.89 H oliday. 4,86 4.IJO¼ 4.88 4.!lO¾ 4.b7.½' 4.90¼ ..... S . ..... 4.85 4.88.½ 4,86 4.HO½ ..... S .... . 4.83 4.!lO ~· 4.87½ 4.90¼ 4.81 ½ 4.87 4.85 4.88½ 4.86 4.90½ 4.86 4.90½ 4.,8 4.90),(£ 4.87½ 4,90½ 4.84¼ 4.87 4.Bi 4.87,¼ .... . S.. .. 4.86 4 90),I 4.8-, 4.90¼ .. S ...... 4.85 4.8':'½ 4.84,½ 4.88 4.85½ 4.IJO.¼ 4.86 4.90¼ 4.88 4.90¼ 4.81½ 4.90 •• .. 4.84½ 4.88 4.Sti Uu;4 Umi. .Tune. .Tuly. August. September. October. November. December. Day of 60 3 60 3 60 3 6J 3 6:J 3 60 3 60 3 60 3 60 3 60 3 6() 3 60 3 Month. clnys. days. days. days. days. days. d.-.ys. days. days. days. days. days. days. day::1. days d i,ys. days. days. days. days. days. days. days. dayli. l . ... Holiday. 4.87 4.8 •½. 4.83 4.87 4.83½ 4.87½ 4.88 4.!H 4.87½ 4.901/2- 4.87½ 4.9ll½ .... . S .. 4.85 1.88 4.80 4.8-1 4.71-.l 4.84 4.83½ 4.87 2 . ... 4.Sfi 4.!iO½ 4.87 4.90 4.Bl½ 4.8fi ½ 4.85 4.89 .. ... S .. . ... 4 87½ 4.901/2- 4.Bi½ 4.90½ 4.8 7½ 4.9-) ½ 4.85½ 4.88½ 4.80 4.84 E lecin . H'y 4.1:! 4 4.Bi 8 .••.. . . . . S ... .. . 4.87 4.90 4.8J 4.86 4.85 4.89 4.88 4.91 4.87½ 4.90½ 4.Bi½ 4.90½ 4.87½ 4.93 ½ 4.85½ 4.88½ . . . . S . .. .. 4 81 4.~6 4.81 U7¼ 4 . .•• 4.86 4.!lO½ 4.86½ 4.89½. 4.81 4.8.'> . . S.. . . 4.88 4.91 4.87½ 4 90½ •.... S.. . . 4.87½ 4.90½ 4.85½ 4.88½ 4.79½ 4.83½ 4.81 4.86 4.84 4.87½5 . ... 4.86 4.!lO½ 4.86 4.89, 4.81 4.85 4.85½ 4.89½ 4.88 4.91 4.87½ 4.90½ Holiday. 4.87½ 4.90½ ... . . ::L ... 4.78½ 48J½ 4.80 4.86 .... . S ...... 6 ..•. 4.Bti 4.90½ 4.86 4.89 4.81 4.85 4.86 4 90 4 BS 4.91 .. ... S . .. ... 4 87½ 4.90½. 4.87 ½ 4.90½ 4 85 4.88 4.80 4.84 4.80 4.86 4$ 4½ 4.88 7 .... 4.86½ 4.90½ .... . S ......... S .. . . • . 4.86 4.90 4 88 4.91 4.87½ 4.90½ 4.8 ;½ 4.90½ 4.87½ 4.90½ 4.85½ 4.88½ 4.80 4.84 ..... S .•. ... 4 84½ 4.&l s .... 4.8'i 4.90 4.86 4.89 4 81½ 4.85½ 4.86½ 4.90½. 4.88 4.91 4.87½ 4.90½ 4.8 ½ 4.90½ .... . s . . .•. 4. · 4 4.87 4.8o 4.1:i4 4.BO½ 4.86½ 4.84½ 4.sg l:I . ... 4.1:So 4.ii(') •.n'>½ 4.89½ 4.81 4.85 4.86 4.90 . . .S .. . .. 4.87½ 4.90½ 4.87½ 4.90½ 4.87½ 4.90½ 4.83½ 4 86½ 4.80 4.84 4.82 4.87½ 4.84½ 4.88 10 .... ..... S.. . . 4.851/~ 4 88½, 4.80 4.81 4.86 4.90 4.88 4 91 4.87½ 4.90½ 4 87½ 4.90½ 4.87½ 4.90½. 4.8.! 4.85)/2 ... S.. . . 4.81½ 4.1:-7 4.84½ 4.88Ys J1 .•• 4.8i 4.90 4.84½ 4.87½ 4 80 4..84 .S ... . ... 4.88 4.91 4.87½ 4.90½ ..... S.. .. . 4 87½ 4 90½ 4.81 4.85 4.80 4.84 4.83 4 8'3 4.84½ 4.88½ 12 .... 4.86½ 4 !lO½ 4 84 4.87 1,82 4.86 4.86½ 4.90½ 4.88 4.91 4.88 4.91 4.87½ 4.90½ 4.88 4.90½ . . . S . . . . 4.80 4.,(4 4.83 4.88 ... . S .. ... 13 . .. 4.8fi½ 4 90½ 4.84- 4.87 4.Bi 4.86 4.86½ 4.90½ 4.88 4.91 .....S . .. .. 4 87½ 4.9 ½ 4.87½ 4.90 4.81½ 4.F15½ 4.80 4.84 <'l.83 4.88 4. 85½ 4.t9½ 14 .. .. 4.8.o½ 4.90 .s ....•..... s ...... 4.87 4.90½ 4.87½ 4.90½. 4.88 4.91 4.87½ 4.90½ 4 87½ 4.90 «.81 4.85 4.78½ 4.83 . .... s ...... 4. ·5½ 4. 91/r. 15 ... 4:Bli½ 4.90 4.81 4.87 4.81 4.85 4.87 4 90½ 4.87 4.90 4 88 4.91 4.87½ 4.90½ ... . S . ..... 4.bO 4.IH 4.7~ 4.~2½ 4.84- 4.88 4.85½ 4.891/s 16 . ... 4.86½ 4.90 4.B·l ½ 4.85½ 4.79 4.83 4 8: 4.90½ . .... S.. 4.88 4.91 4.87½ 4.90½ 4.87'½ 4.90 4.79 4.83 4.7., ½ 4.83 4.84 4.8{ 4.85½ 4.b9½ 17 ..... .... S.. . . 4.80½ 4.831/2- 4.79½ 4.83!1 4.87 4.90½. 4.87 4.90 4.88 4.91 4.87½ 4.90½ 4.86½ 4.89 4.81½ 4.85½ ..... S.. . . 4.e4½ 4.88½ 4.85½ 4. •!Jy._ 18 .... 4.87 4 90½ 4.83½ 4.87 4.79 4.83 . . S. . . 4.87 4.90 4.BS 4.91 ... . S ... .. . 4.86½ 4 89 4.81½ 4.85½ 4.71:l½ 4_;:,3 4."4½ 4.88 4.85½ 4.89½ 19 .... 4 87 4.90½ 4.83½ 4.87 4.80½ 4.84½ 4.87½ 4.90½. 4.8 7½ 4.90½ 4.BS 4.91 4.Bi½ 4.9~½ 4.87 4.89½ . ... S .. .. . 4.77½ 4.82 4.84½ 4.88 ... . . S ... . . 20 .••• 4.87 4.90½ 4 83½ 4.87 4.81 4.85 4.87½ 4.90½ 4 87½ 4.90½ . ·. .. . S .. ... . 4 87 4.90 4.87 4.89½ 4.79 4.83 4.77 H1½ 4.li4½ 4.88 4.8 ½ 4.89½ 21.. .. 4.8-7 4.90½ ..... ::! •... •. •.... S .. . ... 4.8 ;½ 4.90½. 4.87½ 4.90½ 4.87½ 4.90¼ 4.81 4.90 4.87 4.89 ½ 4.80 4.84 4.77 4.81½ ... . S . ... .. 4.86 4.90 22 ... . 4.87 4.\JO½ Holiday. 4.81 4.85 4.87½ 4.901/2- 4.8 1½ 4.90½ 4.87½ 4.90½ 4.87 4.90 . . ... S . .... . 4.80½ 4.8~½ 4.79 4.S:1½ 4 P4 4.87½ 4.86 4.~91' 23 . ... 4.87 4.W½ 4 83 4.86½ 4.81 4.85 4.88 4.91 . .. .. S.. . 4.8,½ 4.90½ 4.87 4.90 4.87½ 4.90 4.79 4.83 4.79¼ 4.84 4.84½ 4."'8 4.85¼ 4.~9 24 .. . . . . ... 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INTEREST AND INCOME TABLES. In purchasing securities for investment, the important points considered are the following: first, that tfre .principal and interest shall be secure beyond question; second, that . the profit, or annual rate of interest realized on the outlay, should be satisfactory; third, that the securities purchased should be readily salable; and fourth, with partie3 enga.ged in active business, that the securities should be available to pledge as collateral for loans, in case it should be. desired so to us~ them. The great bulk of investments in stocks and bonds is d'ivided among (I) U.S. Government bonds_; (2) State, city and county bonds; (3) bonds or Atocks of corporations; (4) bonds and mortgages on real estate. As a general classification of these se%ral forms of investment, the most obvions one is that which divides them into two sorts: first, those depending on the character, standing, and permanent solvency of the party issuing the obligation; second, those having a lien on specified pieces of property, and dependent mainly on the value of such property for their security. ln the first class belong U. S. Government bonds, State bonds, City bonds County and Town bonds, and the stocks or plain bonds of corporations. In the latter class belong the mortgage bonds of railroads or other companies, and real estate bonds and mortgages. This distinction is mainly important in presenting to the in:vestor the option of trusting in the integrity and probable permanent stability of the government or corporation issuing a stock or bond; or, on the other hand, of trusting in the permanent value of a specified piece of property, in a certain location, on which his bond is secured. INTEREST AND INVESTMENT TABLES. The tables followitig show (in the C mpound Interest Table) the accumulation of pr~ncip-al and interest on one dollar 31:t various rates per annum from 1 to 10 per cent, interest being compounded semi-annually, and (in the "Table for Investors") the rate per cerit per 11nnum realiized on securities purchased at various prices- from 10 to 800. · Thus, by use of the tables, it is seen lllt a glance that a 7 per cent $1,000 bond purchased at 86 pay.,3 8·13 per cent a year on jts cost. 'l'he accumulation of principal and interest is seen to be in five years $1,410·50, and in ten years $1,989·70, which in this case wonld be the result of an outlay of $860, provided the interest was re-invested semi-annually. COMPOUND INTEREST TABLE. 1 per cent. Number of Years . 36 ....................... ···· 27 ... . ........ ·•·• . ··•· ... 38 .. • • • , , • ••• ••• • • • • • • ••• •., • .ii)........ ................ .... Ip https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis J ,1 ·43;:34 1 "4478 1 "4623 · 1·4770 l ' 4918 I . per cent. per cent. 2 3 I $2 ·0356 I I 2 ' 0765 2 •1183 2 · rno8 2-~043 I ,2·!J2 11 3 ·0094 3•1004 3-19-11 3 ' 29CY7 4 per cent . 1 I 4¾cent. per -1 $::~g~~ j 'n~: 4 5052 4·6872 4'8766 5"4146 5 -5510 5"9288 5 per cent. J ,5·9144 6"2138 6•5284 6 ·8589 7'2061 II f I 6 per cent . II J 7cent. per 17 3·10 per., cent. 'n~i~ 'fn~ 9 ·4538 10 ·0295 10 ' 6403 J 18'6709 14·6446 15"6877 $1::~~ J 1• ·2353 v 16 ·3677 17 "6S44 8 per cent. 110 pol! ., cent, '~n1: / ~:~: ]9 ' 1i"'"" '7lN ,1 -aoas 23·0422 ~n -74on 'OU •t 44-925& 49 '5316 TABLE FOR INVESTORS. 'l'he following table shows the rate per cent of annua.1 income to be realized from stocks or bonds bearing any given rate of yearly dividends or interest from 1 to 20 per cent, when purchased at various prices from 10 to 300 per cent. This table applies equally well to b oth stocks and bonds, and bas nothing to do with the length ·of time which a bond has to run 'to maturity. ~ For example: To ascertain what rate of annu'al'interest will he realized on a bond or stock which bears 7 per cent per annum and can be purchased at 92 (i. e., at 92 per cent of its par value, whatever the par may be), find 92 in the column of "purchase price," and follow that line acro, s to the column headed "7 per cent," which will show the correct.·figures-in the present instance, 7·60 per cent. [Entered aceordlng to Act of Congress, tn the year 1872, by Plll'chase Price. 1 per 1 cent. ~:: : : : : : : : : : : : 11 2',........................ 24............ .. . .. ....... 00 4•54 4·16 sa ........... ............ .......... · 111•19 ·20 SL......... ss..................... 86 .... ................... '8't ........................ 1·11 1-1~ 1·14 88 ........................ , . 1· 13 89.... .. .................. 90 ...•.•.. ·. .•.......... . .. https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis 1·1j 1·11 per I fl¼ per 13 per Il 1¼cent.per 12cent. j ctmt. aent. 13¼ per 14 per cent. cent. II 4¼cent.per II 5cent.per II WTLLIAK D. DAMA & Co., in the Offlee of the Librarian of Congress at Washington.1 I cent. II 6¼cent.per 5!,, per j 6 p er cent. 1' 7 per cent. IIpr7 cent. 3-10 I 7¼ per per i cent. . Iiicent. 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I !~· I !hg 33 3ti "35 38 · 63 35 ·41 33·33 I I 99-mi ·52 9 ·41 9 ·30 9·19 110 ·24 10·11 10 9 ·s8 9 · 77 9 ' 0!J s·9a s·ss 9·55 9·55 9-44 I cent. 1' 9,¾ per cent. II !~ II ih& tl 40 "90 37·50 I I 4·1· 18 39· 58 II 10cent.per 111cent.per II 12cent.per Ij 15cent.per II cent.p,r 20 66 I 1gg· 45•45 41 66 10 ·58 10 ·46 10·34 111 11 ·45 ·30 11·11 11·04 10 ·91 112 ·04 11·00 11 ·75 111·62 11 ·49 10 ·22 10 ·11 10 110·7!} 10·61 10·55 111 ' 36 11 ·2a 11·11 10 ·11 ·84 10 I 13 1ii· 50 45·93 I 13 · 25 13·09 12·94 12·79 12 ·64 112 ·50 12·35 12·22 Ing5054 · 54 114·45 H·2s 14 ·11 1a ·95 13·79 I t:3 ' 6'! H ·48 13·sa ,.i~g - I 68 · 18 62 ·50 I l 1ti ·o1 ne5 17"64 11 ·44 11·24 17"04 16·85 \6·66 ~gg.33 ' 100 90 90 \ 83 ' 33 I I 27 ·39 27·0~ 26 ' 6f, 26 '31 25 ·97 2;,· 64 25 ·31 25 24'69 24 ·39 24'09 23 '80 23• !i2 23 · zs 22 ·93 ~ TABLE FOR INVESTORS (Concluded). 1 per Purchase Price. cent. 91. .. ................ ·· 1 1 ·09 Si ................... . . .. 1 · os 9;! ..... ................... 1 ·07 !14 ....................... . l '06 95.... ... . .... . ....... 1 'Oii 1 ·04 5 ..... . ................. . 1 97 ......•.•••..... .,, . .... 1 ·o.~ 98 ........ ................ 1 ·02 90 ............ ........... 1 ·01 00 . ...... . : ..... . . . . ... 1 · 99 101. ········· ...... ···· 1 JO'l .............. . ....... 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'68 150 . .... ... .. . . . . . . .... ... '66 •114 155 .... .... ········ ... . ... I '62 '60 '58 ·57 · 55 tM........ ... ..... J85 ........... ............ •54 ~dlJ . . . . . . . . . . . . . . . ........ · 52 1~5 ............. ....... . ·st 200.... .. ........... . .. ·50 210 .. ......... . .......... . ·47 •45 225 . .. . ................. . . . ·44 200 ....................... •43 ~!40 . .............. . .... . ... •41 ·40 '36 ·33 It::::::::::::::::::::: I I I I I I I I I I I I I I https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis cent. 1·M 1'6:1 l ·61 1 ·5<1 1 · 57 l ' 56 1·54 1 ·53 1 ·51 1 ·50 l '48 1 ·47 1 ·45 1 ·44 1 ·42 l ·41 1 ·40 1 ·as 1 ·37 1 '1!6 4 2·17 2 · 15 2 ·12 2·10 2·08 2 06 2 · 04 2· 02 2 I 1,·aa ~ I 1 ·32 1 ·31 • 1 ·30 1 · 21:1 1 ·2s 1 ·27 1 · 26 1 ·25 1 ·21 1 ·22 1 · 21 1 · 20 1 ·20 1 · 15 1·11 1·07 1·03 1 '96 ·93 I ·88 ·85 ·83 I I I I ·st I ·18 ·75 ·75 ·71 I '68 I I • 116 '65 ' 62 ·60 ·54 ·so WILLIAM B. DANA & Co., 111 tihe om.co of the Librarian of Congress at WMhlngton.J per per I per cent.P" I Gceut. II 2cent.per II 2¼Ct!.llt.per II 3cent.per \•¼po, cent. I cent. I4¼Pe, I6¼cent.Pff I 7cent.per cent. I cent. 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I S¼p,c csut. s·79 9 ·34 9 · 23 8"69 s·oo 7 ·97 7·8j 7'81 7·,3 7·fj5 7 ·17 7 ·10 7 ·42 7 ·35 7 ·23 7 ·21 7 ·14 7· 97 'l' 6 ·04 8 per I s ·,o 8 ·51 s ·42 s ·33 S·:H s·15 I I s·os I l I I I I I I I I I I I I g-13 g ·g4 ,S·t4 s ·8~ S ·~G 8 Iii 8 · 50 7 ·g2 7 ·84 7 ·7G 7 60 7 · 6! 7·54 7-47 7 ·40 7-33 7 ·27 7 ·20 7 ·14 7·07 7·01 5·95 6 ' 8!J 6 ·83 6 ·77 (j ·72 6·66 6 '61 0 ·55 6 ' 50 6 "45 n·40 (j·1s 5·92 5 ·71 5 ·51 5 ·33 s · rn S· 4J. s·33 8 · 25 S · l'l 8•fl9 a 01 7~ 5 4 ·8·1 4''10 4·57 4 , 44 4·32 4·21 4·10 4 3·so 3·53 3 · 55 3 ·47 3 ·33 3 · 20 2·90 2 "66 1 ·s1 I I I I I I I I I I I I I I 7 · 'j9 7 ·72 7 ·1j5 7·58 7 ·52 '? '45 7 ·39 7 ·;-12 7 ·26 7·20 7 · 14 1 · os 7 ·02 6 · 96 5 ·91 6"85 6·80 5 ·53 5 ·29 6 "07 5 ·86 5 '66 5'48 5 · 31 5 ' 15 5 4 · 85 4 •72 4 59 4·47 4-3.5 4-25 4· 04 8 ·86 3·77 s ·69 3·54 3·40 3 · 09 •2 ' 83 9 per cent. I •¼ P" cent. !J ·S!J 11 ' 78 I ...,. I lj·f;7 !) · 57 1 ·37 9 ·27 s·n 8 I I 9 ' 18 I l I I I I I I I I I I I 9 ·09 !J 8 ·91 s·s2 s ·n 8·65 8 "57 8·49 s ·41 B·.'~3 s·2s -8·18 8 ·10 s ·oa 7 ·96 7·89 1 ·s2 7 ·75 7 ·6!) 7 ·52 7·56 7 ·50 7 ·43 7·37 7·31 7 ·25 7 · 20 6 ·92 6·66 6 ' 42 6'20 6 s ·so 5·62 5 ·45 5 ·29 5·14 5 4 ' 86 4•7!-3 4·01 4·50 4·;28 4 ·09 4 3·91 3 •75 a·oo 3 27 3 I I I I I I I I I I I I I I 10·44 10 ·32 10 ·21 10· 10 18 t ·S!J 9 · ,9 9 ' 69 9 · 59 9 · 50 9 ·40 9 ·31 9 ·22 9 · 13 9-04 8·96 8·87 8 "79 8·71 s·6s s ·ss 8'48 s ·40 s·33 8·26 8·18 S· 11 s·os 7·9s 7 · 31 1·ss 7 ·73 7 · 72 7·(;(j 7·60 7·30 7·03 6 ·78 5 ·55 fi · 3.'-J li'l:.! 5 · 93 5 · 75 5"58 5·42 5 · 27 5·13 5 4·87 4·75 4 · 52 4·31 4-,2 4-13 3·90 11 ·so 3·4::; 3·16 per per II JOCellt. I cent. 11 10'98 10 ' 86 10 ·75 1o·s3 lO ' i.2 I rn·,1 I I I I I I I 10·3e 10 ·20 10·10 10 !J·IIO 9 ·so !1'70 9 ·51 IJ •lii 9·43 9 ·34 9 · 25 9 · 17 9 ·09 9 I I I l I I I I I I I I 8·92 8·84 8 · 77 8 · 69 S · 6t s·54 s · 47 8 40 s · 33 8 ' 26 8 ·19 8"13 8'06 8 7 · 69 7 ·40 7 ·14 6 ·89 6·66 6'45 5·25 6 ·06 5 ·88 5-71 5·55 5-40 5·26 5 · 13 5 4·75 4·54 4·44 4 · 34 4 ·16 4 ,!·6-3 3·33 I I I I I I I I I I 12 ' 08 11 ·95 11 ·s2 11 ·79 11 ·&7 11 ·45 11 ·34 11 · 22 11 ·11 11 10 ·89 10 ·1s 10 · 57 10 ·57 10 ·47 10 ·:n 10·28 10·1s 10 ·09 10 9 ·90 9·s1 9·73 9 ·G4 9 ' 56 9 ·4s 9·40 9 ·32 9·24 9· 15 W09 9·01 s · 94 s ·s1 s ·so s •41j s ·1 4 1·ss 7 · 58 7 -33 7 "0\1 6" 87 6 ·6G 6'47 6·28 6· 11 5 -94 6 '78 5·64 5·50 5 ·23 12 r er cent. 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SpecuJative transactions, as distinguished from r egular investment dealings, are those c:mducted on "margins," and in which . the operato'r does not pay or receive the actual price of the stocks bought or sold, but simply places a sufficient margin in the hands of his broker (usualll 10 per cent of the par value) to protect the latter against loss from fluctuations in the price. A. party who purchaaes stocks in anticipation of a rise, but pays the actual price thereof, is not, according to the usual acceptation of the term, enga~ed in speculation. . It shouid b e clearly understood that the ultimate responsibility in stock operations is with the customer. He runs the risk of the iailure of his own broker; nor can he hold him responsible for losses occasioned by the fraud or failure of others with whom he had made contracts. The broker stands in the position of an agent acting for his principal. It is, therefore, hardly necessary to rP-mark upon the importance of dealing through brokers who have both integrity and pecuniary responsibility. The grea.t central point in stock ~peculatioa, about which the whole business revolves, is the fact that on the purchase or sale of the usual amount of 100 shares of stock, representing a par value of $10,000, each fluctuation of 1 per cent from the purchase price occasions a. gain or loss of $100, and this i:, the same whether the pu rchase is at a price above or below par. Next come~ the question of interest, which is charged on the actual amount that the stock costs, plus the broker's commission for buying, and is usually at the rate of 7 per cent to customers, though higher rates are _charged when the money market is in such a condition that money for carrying stocks commands higher figur es. When money on call is worth more than 7 per cent per annum in the New York market, it is customary with lenders, instead of askrng 8, 9, or 10 per cent, which would b~ a direct violation ot the usury laws, to ask a commission (nominally for procuring the loan), which commission has varied in times past from 1-64 of 1 per cent to full 1 per cent a day. Subsequent to the question of interest is that of commissions, which are fixed in speculative transactions at ¼of 1 per cent on the par value of the stock, amounting to $12 50 for buying 100 shares of stock and the same for selling, thus making the cost of one "turn'' in stocks just $25. The Stock Exchange does not allow any transac~ions to be made by its members for outsiders at less thau ¼commi~sion. Dividends paid during the pendency of a contract always go to the nominal owner of the stock. The whole class of stock operations ordinarily carried on in New York may be classified as follows: 1. Buying for a ri se, or going "long" of stocks. 2. Selling for a decline, or going "short" of stocks. 3. Buying or selling as above, but on "options." 4. Buying or selling "privileges," generally known as "puts," "calls" and "spreads." The last-named are not r ecog nized by the N ew York Stock E~change. 1. Buying for a rise is by far the most ordinary transaction with non-professional speculators. In this case the customer usually dep osi ts $1,000 in his broker's hands as a 10 per cent ' ·marg in" on 100 shares of stock which he orders to be purchased, and which his broker holds or "carries" for him until ordered to sell the same, or until the margiu is about exhaustec!. Ir, the latter case, if the customer, on request, fails to put up more margin, the broker is at liberty to sell the i,tock immediately, and charge him with the lo1:1s, if any. Interest is charged the customer on the p:irchase price, with buying commission adderl, usually at 7 per cent, as long as the stocks are carried. In case of a tight money market the broker is entitled to charge his customer any udilitional p rice which money actually commands for carrying the stocks. A. party carrying stocks for a rise is said to be "long" of the market, or a "bull." ~- Selling for a decline, or going "short" of stocks (being a. "bear"'), is also a very common transaction, nnd is simply the opposite of buying , as auove, except that the seller, not having the s t.ock, is obliged to borrow it for present delivery, and take the risk of buying it back at a future day, to return to the lend L·r. Aside from the ordinary fluctuations of the market, the chiE:-f risk. in thus " ,elling short" is in the chance of a ' ·corner" it the stock in o.1se a clique get control of it and force prices up to extraordinary figur es. This is a rare operation, but has at times been effected _in the ~ ew York market with disastrous consequences to those who were "short" of the cornered stocks. As a gl:l neral rule, nothing is paid for the u se of the stock; but in case it is scarce, a consideration has to be paid for tbe use from day to day. Margins and commissions are the same as above. 3. Buying or selling on "options" is a transaction in which th e purchaser or seller, as t he agte ement may be, has the option to call for or t end er the stock at t he price named, at any time withi n th e period limited by the contract ; but fo e Stock Excll ange does not r ecog nize contracts running over 60 days. Thus a party anticipating a rise in stocks purcliases 100 shares, "bctyer 30," or on his option to call for the delivery of the stock at any time within 30 days, at the price named; this price is mmally sonrnwlrnt abo,·e the current price at th r➔ time. If a declin~ in stocks is expected, tl sale is similarly mad e "sell er 30," or at sell er's option to deliver at any time witl1in 30 days at the price named, and the price is usually more or less be 1ow the market at the time. In purchases on buyer's option (for uny time over three days) the r. uyer is charged with interest on th e price of the 11tJck up to the time be calls for it. In sales at seller's option the Reller is credited wit.h interest on th~ price of the s tock till he chooses to tender it. Iuterest in either case is at 6 per cent, according to a rule of the Stock Exchange; and at tl:..e end of the optional period the seller is obliged to deliver, and the buyer to recei re, the stock, if the contract has not previou~ly b i en cloi,1ed. Margins and commissions are the same as above. 4. Stock privileges, or "Puts," "Calls," and "Spreads" or "Straddles," as th ey are commonly called, n.re contracts entitling 1ht3 holder tor< ceive or deliver CLTtain stocks at any time within a period limited (usually 30 or 60 days) and r1 t a price therein specified; in th e case of " spreads" th e privilege is either to receive or 'deliver. A certain cash price is paid for the contract by th e purchase r, and his en tire liability in th e transaction is limited to that amount; and, as the question of inter es t does not enter into t he matter . th e uncert a inties of 1he mo ney mark et need no t be taken into con sideration. The amount paid for a 100 share privilege is generally $1 00 for 30 doys, and $1 50 to $200 for GO dayi,i, and for double privil eg~·s a larger am ount. 'fhe variance from the curn:nt markrt price a t whic11 privil eg es on different stocks are sold ,aties widely, according to the character of the stock named und the condition of the mark et at th e time. · A "Put" enti1les the hold er to put or deliver stock to the signer thereof, witl1in the time an<l at th e price th ert·in namect, and th e con tract r ea ds substant iall y as follo,v s : NEW YORK. - - -. 1~-. 1 ·0R V ALUE R ECE IVED, th e bea rer mn~· rlel;ver me One Hund r, d Sh ·: res of the F-tock of the - - Railroacl Comp ny, a t the price o! per Cl n t, a ny time in thirty days f rom date. 'l'he undcri:,igncd is entitled to al: di_vidends declared d uring the time. - - - - ·- · (Signed) A "Call" entitl es the holder thereof to call for or demand stock from the signer therenf, according to the t e ems t> pecifir <l, and reads about as follows: N E W Y11 r. E: . - - - - , JR - . _Fo~ VA1:UE RE CEIV ED, the bearer may call on m e for One Hnncl :·e(l Sh <tre3 of the Stock or th e - - RaUro:id Company, at the p ri ce of pt,r cent, any time m thirty days from date. The bearer is entitled to all divide nds declared during the time. (Signed) -- -- A. "Spread" is a doubl e privileg e, and entitles the .hold.er either to deliver to, or dem:rnd from, th e signer thereof, th e stock'! named in it, according to th e t erms of the agreemPnt. If the prices named in both cases are the same, then it if:! knowo as n "Straddle." The contract r eads substantiully as fol lows: \. N E W lORK , - - - . lR-. FOR YALUE RECEIVED, the bear er may call on the unclersigned fu r One Hundred Shares of t'.1e Stock of the - Company, at - pe r cent, any time in thirty days from date. On T H E BEARER MAY pnt or delivt r the same s tock to the undcrsignecl, at - per cent, any t:me within the period named. All dividends dec!:tred d uring the time arc to go with the Stock in Lither cat'e. (Signed) - . JJ:xpirca - - -, 18--. To the purchaser of "Puts," "Calls," or "Spreads" there is no liability to loss beyond the anivunt pait.l in cash for th contract. https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis 40 STOOK SPEOULATION. INTEREST COST OF CARRYING STOOKS FOR ONE DAY. The table be~ow shows the interest cost of carrying 100 shares of stock one day, when purchased at any price from 20 to 110, interest being charged at 7 per .cent per n.nnum on the cost price of the stock and on the brokeri;i' commis:lion of one- eigh th ot one p er cent ($12 50) for purchRsing. ~0ost,with Interest dQl purchas'g ~-~ commis'n for one day. !ldded. if~ ~- - -- 20 ..--- • 39132 J2.012 50 ·39375 2,025 Ot' '396 18 20¼ 2,037 50 '39861 20¾ 2,050 00 '401 C4 20½ 2,062 15;; "4G31'7 2J¾ 2,075 00 "40590 20¼ 2,087 1IO '4('838 20½ · 2,100 00 ·41076 21 2,11~ W ·4131 ½ 21¾ 2,12:i 00 '41562 21¼ 2,137 50 '41805 21¾ 2,150 00 '42048 21 _½ 2,162 50 ·42292 21¾ 2,175 00 ·42535 21¼ 2,187 50 ·42T18 21¼ 2,~00 {)(I ·43021 22 2,212 5{) '43264 :?2}" 2 .225 00 ·43507 22_¼ 2,237 50 "'13750 22¾ 2,2W 00 ·43993 22½ 2,262 50 ·4~236 22¾ 2,2715 00 ·44479 22¾ 2,287 5U ·447:.12 22¼ 2,:'lOO 00 ·44965 23 2,312 5 0 '45208 23¼ 2,3·;5 00 '45451 2:3.M 2,337 50 '45694 23¾ 2,350 00 '45!l37 23,½ 2,362 5' ·46 i80 23% 2,375 00 '46423 23¾ 2,387 50 ·46666 23½ 2,400 00 ·46909 24 2,412 50 ·47152 24¾ 2,425 0(1 "473!.J5 24¼ 2,437 50 ·47638 24¾ 2,450 00 ·47g 1 24½ 2,462 50 ·4s124 24¾ 2,475 00 ·48367 2,487 50 !.!4¾ ·48610 2,500 00 24½ ·48853 2.5m 50 25 ·49096 25½; 2,525 0( 1 ·49339 25¼ 2,537 50 ·49582 25½ 2,550 00 •4ti825 2,562 5(1 25.½ ·50,.169 25% 2,575 00 ·50312 25¼ 2,5&7 5(· ·50555 2,600 Oll 25½ ·50798 2,612 50 26 '51041 26,¼ 2,625 Ou '51284 2,637 50 26¼ '51527 2,650 ()(J 26¾ · 51771 2,662 50 26½ ·52014 26 % 2,675 01, ·52257 26¼ 2,687 5( ·52500 26½ 2,700 {J(I ·52743 2,712 50 27 ·52986 27¼ 2,725 00 ·53229 2i¼ 2,7:Ji 5(• ·53112 27½ 2,750 00 ·53715 27½ 2,762 50 ·53958 27.¾ 2,7i5 00 ·54201 27¾ 2.787 50 ·54445 27½ 2,800 Ot · 5468~ 2,812 50 28 ·54931 287; 2,825 00 "55174 2,t,37 50 28;-4 · 55417 28.¾ 2,fl50 00 '55660 28~ 2,86·l 50 •55903 28¾ 2,815 00 ·56146 28¾ 2,867 50 ·56,389 28½ 2,\JOj 0(1 "56632 2,91~ 50 29 '56875 29;' 2,9'2 5 l;0 ·571]8 '1,937 50 29¼ ·57361 29% 2.!150 0\ ·57604 29,½ ~,962 50 '5i847 29¾ 2,075 00 ·58090 29Ja' 2,91l":' 50 "58333 3,000 00 29¼ ·5~57b 3,0U 50 30 ·58819 3,0:i5 00 30¾ ·59063 30¼ 3,037 50 ·59306 30½ 3, :•50 00 ·,59549 30_¾ 3,062 5(1 ·5!)792 3D¾ 3,075 00 ·60035 3f1¾ 3,087 5(, ·60278 3,100 00 30½ ·60521 2,112 50 iH ·60764 31½ 3,125 00 ·61007 3,137 50 31 ¼ ·61250 3,150 00 31% ·61493 31_½ 3,162 50 •ti1736 31¾ 3,175 00 ·61979 313,,. 3,187 50 ·6222~ 31½ 3,200 00 ·62465 3,212 50 32 ·62708 3i½ 3,225 00 '62951 3,237 50 32_¼ ·63194 32 3 / 3,250 00 ·634d7 32½ 3,262 50 ·63680 32¾ 3,275 (}(; ·63923 3,287 50 3;!¾ ·64166 32Jfi 3 300 00 ·64410 3·1 3,31 l 50 ·64653 83¼ 3,325 00 ·64896 33¼ 3,3 37 50 ·65139 83½ 3,350 00 "65382 33_½ 3,362 50 •6562G 3,375 00 3,387 50 '65868 ·66111 S:~½ 3,400 00 ·66354 3,412 50 34 •6ti597 34¾ 3,425 00 ·66840 3,437 50 34¾ ·67083 3-I¾ 3,450 00 ·67326 34_½ 3,462 50 ·67569 31¾ 3,475 00 ·678 12 34I1 3.487 50 ·68055 3,500 00 ~¼ R,512 50 "1 ·6829\J ·68542 ~¼ 3,525 00 20.i.. i~~ https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis . Cost,with a~ commis'n added. ~ ajQ) Interest o·~ purcbas'g for one ,.d<> ~ day. -·68785 $3,517 50 - ·- - - 35¼' 35¾ 35½ 35,. 35¼ 35½ 36 36¼ 36,J( 36¾ 36.¾ 36¾ 36¼ R6½ 37 37¼ 37!,4 37¾ 37½ 37¾ 37¾ 37½ 38 38¾ 38¼ 38¾ 38.½ 38¾ 38¼ 38¼ 3q 39¾ 39¼ 39¾ 39_¼ 39% 3ll¼ 3\1½ 40 40¼ 40¼ 40¾ 40.½ 40¾ 40¾ 40½ 41 41 ¾ 41¼ 41¾ 41½ 41% 41.¼ 41¼ 42 42¾ 42¼ 42¾ 42½ 42¾ 42¾ 42½ 43 -1 3¼ 4::1¼ 43½ 43½ 43% 43¼ 4-3½ .4 -1 4¾ 4,t ¼ 44¾ 44,½ 44¾ 44¾ 44½ 45 45¼ 45¼ 45¾ 45½ 45¾ 45¼ 45½ 46 4fi¾ 46¼ 46½ 46½ 46% 46¾ 4li½ 47 47;,.; 47¼ 47¾ 47½ 47% 47¾ 47½ 48 49¾ 48,¼ 48¾ 48,½ 48% 48;~ 48½ 49 4!l¼ 49,¼ 49;f 4~,½. 49¾ 49¾ 49½ 50 50¼ 50¼ 50½ 3,550 3.562 3,575 3,587 3,600 3,612 3,6~5 3,637 3,650 3,662 3.675 3,687 3,700 3,712 3,725 3,737 3,750 3,762 3,775 3,787 3, 800 3,812 3.8i 5 3 837 3.850 3;862 3,875 3,887 3, uOO 3,912 3,925 3,937 3,950 3,962 3,975 3,987 4,000 4,012 4,025 4,037 4,050 4,062 4.075 4,087 4,100 4,il2 4,125 4.137 4,150 4,162 4,175 4,187 4,200 4,~12 4,225 4,237 4,250 4,262 4,275 4,287 4,300 4,:312 4,:-J25 4,:-J37 4,350 4,362 4,:375 4,387 4,400 4,412 4 ;425 4,437 4,450 4,462 4,475 4,487 4,50) 4,512 4,525 4,1537 4,550 4,562 4,575 4,587 4,600 4,612 4,625 4,637 4.650 4.6fi~ 4,675 4,687 4,700 4,712 4,725 4,737 4,750 4,762 4,775 4,7b7 4,8· 0 4,812 4,825 4,837 4,850 4 862 4,875 4,887 4,900 4,912 4,923 4,937 4,!l::.O 4,962 4,975 4,987 5,000 5,012 5,025 5/37 5,050 00 50 00 50 0(1 50 00 50 00 50 00 50 00 50 00 50 Ol 1 50 00 00 00 50 00 50 00 50 00 50 00 50 00 50 00 50 OU 60 00 50 00 60 00 50 00 50 00 50 00 50 00 50 00 50 00 50 00 50 00 50 00 50 00 50 00 50 00 50 00 50 00 50 00 50 00 50 00 50 00 50 00 50 00 50 00 50 00 50 00 50 00 50 00 50 00 50 00 50 00 50 00 50 00 5(1 00 50 00 50 LO 5lJ 00 50 00 5() 00 50 00 50 00 50 00 5uj 0.'1 · mJo :s '69271 '6951 4 ·69757 '70000 ·70243 ' 70486 ·7072!) '70372 "7.1215 "'71458 '7170 } ·71944 '72187 ' 72430 726,3 ·72917 ''i"3160 ·73403 ·73646 '7388!1 ·74132 ·14375 0 :~m~! '75104 · 75347 ·75590 '75833 ·76076 "76319 ·76742 '76805 '77048 ·7n9:.1 ·77535 ·77778 '78021 ·78264 ·78507 '78750 '78993 '79236 ·7947!) ·79722 79965 '80208 ·80451 ·80694 "80937 ·8311'! 1 ·81424 ·816!Vi ·S19H '821o3 ·8~396 8263\J ·82882 •83 i25 ·83368 ·83611 ' 83854 ·84097 '84340 ·84e83 ·848l6 ·85069 ·85312 "85556 ' 85799 ·86042 ·86285 ·8652S ·86771 ·87014 ·87257 ·87500 ·87743 '87986 ·88229 ·88472 ' 88:15 ·88958 ·89201 ·89444 · t9687 ·89930 ·90173 ·90417 ·90660 '90903 '91146 ·91389 ·91632 ·918i5 ·921181 ·9~361 ·9~604 ·92847 1 "93090 1 ·9333:3! ·93576 1 '93819 ·9tC62' •94305 ·94548 ·947921 ·950351 · 9n2~·s' ·!:,5521 ·\)5764 "96007 "96250 ·96493 ·96736 ·95979 ·97~22 ·9;455 ·97875 ·!J8118 ·9,~:161 0 ~. ~-c a~ Cost,with Interest purchas'g for one commis'n day. added. --- ---- --- ojQ) ~ &1 Ql. Cost ,witb Interest ~-c d ~~ ~ purcbas'g for one commis'n clay. added. ----·- --65}~ $6,575 oa 1 ·27847 50,½ $5,062 50 ·!J81i04 ·9~681 65¼ 6,587 5C 50¾ 5,075 00 50¼ 5,087 50 '98924 65½ 6,600 or ·991G7 66 50½ 5,100 00 6.612 50 51 ·99410 6e¼ 6,625 00 5,112 50 51¼ 5,125 00 '99653 66¼ 6,£137 50 "99896 66½ 6,650 00 51¼ 5,137 50 51½ 5,150 00 $1 '00139 66.½ 6,662 50 51,½ 5,162 50 l '00382 66¾ 6,675 00 51¾ 5,175 co l "00625 66¾ 6,687 50 51:i-.; 5,187 50 1'00868 6b½ 6,700 00 67 51½ 5,2UO 00 1· 01111 6,7H 50 52 61¼ 6,725 00 5,212 50 1 · u1354 52}( 5.225 00 1 ·01597 67¼ 6,737 50 52¾ 5;237 50 1 ·01840 67½ 6,750 00 52¾ 5,250 00 1 ' 02083 67.½ 6.762 50 52½ 5,262 50 1· 023~6 67¾ 6,, ·75 00 67'l., 6,787 50 52% 5,275 00 1 "02569 52¾ 5,2{37 60 1 ·02812 67½ 6,800 00 68 52½ 5,300 00 1 ·03055 6,812 50 53 68¾ 6,t:25 00 5,312 50 l '03298 53¾ 5,325 00 1 ·0::J541 liS¼ 6,837 50 53¼ 5,337 50 1 ·03784 68¾ 6,850 00 53¾ 5,350 00 1 · 04027 68.½ 6,862 50 53.½ 5,362 50 1 '04270 08¾ 6,875 00 53% 5,375 00 1"04514 68¾ 6,827 50 53¾ 5,387 50 1·04757 68½ 6,'..100 0() 53;1( 5,400 00 1 •05000 6!J 6,!i:.2 50 54 5,412 50 1 "05245 69¼ 6 925 00 54¼ 5,425 00 1 ·05486 6.J¼ 6,937 50 54¼ 5,437 50 l '05729 69½ 6.950 00 54¾ 5,450 00 1 · 05972 69.¾ 6,962 50 69% . 54½ 5,462 50 1 ·06215 6,975 00 54% 5 475 00 1 "06458 69¼ 6,937 50 54¾ 5,487 50 1 ·06iOl 69½ 7,000 00 54½ 5,500 00 1 ·06944 70 7,012 50 55 70¼ ';',023 00 5,512 50 1 '07187 55¼ 5,525 00 1,07-130 70¼ 7,037 50 55,¾( 5.587 50 1 ·07673 70¾ 7,050 00 70_¾ 7,C62 50 55¾ 5;550 00 1 ·07917 70% " 7,075 00 55½ 5,562 50 1.08160 55¾ 5,575 00 1 08403 70¼ 7,087 50 55¾ 5,587 50 l '08646 70½ 7,100 00 71 55½ 5,600 00 1 ·08889 7,112 50 56 5,612 50 1 ·09132 71¾ 7,125 00 56¾ 5,625 00 1 9375 71¼ 7,137 50 56,¾( 5,637 50 1 ·O!J618 71¾ 7,150 00 56.¾ 5,650 00 1 ·09861 71½ 7,162 50 b6¾ 5,662 50 1 · 10104 71 % 7,175 00 56% 5,675 00 1 · 10347 71¾ 7,187 5. 56¼ 5,fi87 50 1 · 105!)0 71½ 7,200 00 56½ 5,700 00 1 ·10833 72 7,2!2 50 57 5,712 50 1 ·11016 72¼ 7,2-25 00 57¼ 5,'725 00 1 ·11319 72,¼ 7,237 50 51¼ 5,737 50 l '11562 7:l¾ 7,250 00 57% 5,750-00 l '118U6 72½ 7,262 50 57_½ 5 762 50 l '12049 72% 7,275 00 57.% 5:775 00 1 ·12292 . 72¼ 7,287 50 1 '12535 57¼ 5,7'87 5· 72½ 7,300 00 57½ 5,800 00 1 ·12178 73 7,312 50 58 5,812 50 1 ·13()21 73¼ 7,325 00 73,¾( 7,337 5( 58¼ 5,825 00 l ·U264 58¼ 5,837 50 l '13507 73¾ 7,350 Ol ~3½ 58¾ 5,850 00 1 ·13760 7,362 50 58½ 5,81i2 50 1 lil993 7'3% 7,3?5 00 GS¾ 5,875 00 1 ·142dJ 73¼ 7,387 50 58¼ 5,[87 50 1 ·14179 73½ 7,t!UO 00 58½ 5,900 00 1 "14722 ' 74 7,41:J 1>0 59 5,912 50 1 · 14965 74¼ 7,425 00 59¾ 5,925 00 1 · 15·!08 . 74¼ 7,437 50 W¼' 5,937 50 1·1 5-!f:>l 74¾ 7,450 00 5!.J¾ 5,950 00 l ·156H4 14½ 7,462 50 59.¾ 5,962 5U 1 ·15937 74~~ 7,475 00 /•,975 00 1 · rn1s1 59% 74¾ · 7,487 50 5\JJ4 5,987 5(, 1 · 16424 74½ 7,500 00 59½ 6,00V 00 1 · 16667 75 7,5!2 50 60 6,!J12 50 1 · 16910 75¼ 7,525 00 60¼ 6,f,25 00 1 ·11153 75¼ 7",537 50 60¼ 6,037 50 1 ·]7396 75¾ 7,550 00 60¾ 6,050 00 1 ·17639 75,½ 7,562 50 60½ 6,062 50 1 ·11882 75% 7,575 00 60¾ 6,075 00 1 · 18125 75¾ 7,587 50 60¼ 6,087 50 1 ·18368 75¼ 7.600 00 60½ 6,100 00 1 18611 76 7,612 50 61 6,112 50 1 ·18854 76¼ 7,625 or 61¼ 6,125 00 1 "1\1097 76¼ 7,637 5(' 61¼ 6 137 50 1 · 19340 76½ 7,650 0( 61½ 6,150 00 1 · 19583 76½ 7,662 5l, 61½ 6,1 1,2 50 1 · 19826 76% 7,675 00 6,175 00 1 '20069 61% 76¾ 7,687 50 61¾ 6,187 5u 1 · i:0312 76½ 7,700 0( 61½ 6,200 00 1 ·20556 77 7,712 5( 62 6,212 50 1 ·20799 77¼ 7,725 0( 62¼ 6,225 00 1 ·21042 · w¼ 7,737 50 62¼ 6,237 50 1 ·21285 7i.% 7,750 00 62½ 6,250 00 1 215:18 77½ 7,762 50 6 ,½ 6,262 1:0 1 · 21771 77% 7,775 00 62.% 6,275 uo 1 -2~014 7i¾ 7,7 7 50 62¾ 6,~87 50 1 ·22i 5, 77½ 7,800 00 62½ 6,300 00 1 2:l5UO 78 7,812 50 63 6,:312 50 1 ·2274::J 78¼ 7,625 00 63¼ 6,325 00 1 ·22986 78¼ 7,837 50 63¼ ti,337 !iO 1 ·2::1~2\i 78¾ 7,850 00 63¾ 6,3 50 00 1 · 23-l,2 7S_¾ 7,862 50 !i3½ 6,3:i·l 5G 1 ·23715 78}8 7,8i5 00 63% 6,375 00 1 ·23958 ~8¼ 7,887 50 63¾ 6,387 50 1 ·24201 78½ 7,900 00 63;,.; 6,400 00 1 -24444 79 7,912 50 ~ 6,412 50 1 24i:87 ~9¼ 7,9i5 00 64¼ 6,425 00 1 24930 7"9¼" 7,937 50 64,¼ 6,437 5(1 1 25173 79½ 7,950 00 64¾ 6,450 00 1 ·25417 7"9>,; 7,962 5(1 6.46i 5(1 1 •2 "660 64_¾ 7,9i5 00 79% 64% 6;475 00 1 ·23903 79¼ 7.987 50 64¾ 6,487 50 1 ·26 l46 79½ 8,000 00 64½ 6.500 00 1 26389 80 8,012 50 65 6,5H 50 1 ·26(i32 80¾ 8,025 0 65¼ 6.525 00 1 ·26875 SO¼ 8,037 50 li5).( 6,537 50 l '27 118 80½ 8,050 011 63¾ 6,550 00 1 · 27361 80½ 8,062 50 (l,5_½ 6,156~ 50 1 ·27604 80% 8,075 oc 1 ·2.:090 1 ·28383 1 ·28576 1 · 28819 1 ·29062 1'29305 1 ·29548 1 ·29792 1 ·30035 1 "30278 l '30521 1 ·30764 l ·31007 1 '31250 l '3 149:J l ·31736 1 ·3rn·,9 1 ·32 ~22 1 ·3M65 l '32708 l ·3 .951 t ·33194 1 ·334~7 1 ·33681 1 ·33924 1 "34167 1 · 34410 1 "34653 l "34896 1·351:39 1 "35382 1 35625 1 35868 1 ·36111 1 ·36351 1 ·36597 1 ·36840 1 ·37083 l '373(6 1 ·37569 1·37813 1 ·38056 1 ·33299 1 ·38542 l '38785 1 ·390,8 1·3G271 1 ·39514 l 39757 1 ·40000 1'40243 1 ·40486 1 ·40729 1 40972 1 ·41215 1 ·41458 1·41701 1 ·41944 1 ·42188 1 ·42431 1 ·42674 1" 42917 1 ·43160 1 ·43403 1·43616 I 43889 1 ·44132 1 ·44375 1 ·44618 l '44861 1 ·45104 1 1 ·45347 1 ·45590 1 ·45833 1 ·46076 1 ·46319 1 ·46562 1 ·468Ll5 1 ·47048 1 ·47292 1 -4;535 1 ·47778 1 ·48021 1 ·4S~ti~ 1 ' 48507 1 ·48750 1 ·48993 1 ·49.!% 1 1 ·4!)479 1 1 ·49722 1 ·49,J65 1 · 50~08 l · 50451 1 ·50694 1 · 50931' 1 · 51180 1 ·51124 1 ·51667 1 ·51!)l0 1 ·52153 1"523!)(i 1 5263H 1 •5i882 1 "531.:5 1 ·53:368 1 · 5!'1611 1 ·53854 1 ·54u97 l '543l0 1 ·54583 1 5-1826 1-55 ,69 1 ·5531:: 1 · 55556 1 · 557!l9 1 "56042 1 ·56285 1 56528 1 ·56771 1 ·57014 &1. Cost.with Interest ajQ) ..c:l<> purchas'g for one commi s'n day. added. ~~ ~ -- - - - - 30¼ $8,087 5C SO½ 8,100 00 81 8,112 5L 81¼ 8,!25 cc 81¼ 8.187 5l 81½ 8,150 OC 81½ 8,162 5: 81¾ 8,175 0( 81¼ 8,11il7 bl 81½ 8,200 Ol 82 8,212 5r 82¼ 8,225 00 82¼ 8,237 50 82% 8,250 00 82½ 8,2ti2 50 82% 8,2, 5 00 8 ~¼ 8,287 !:JO 82½ 8,300 00 83 8,312 50 83¼ 8,325 00 8,337 50 83¾ s:3½ ·s ,350 oo 83.¾ 8,362 50 8 ~¾ 8,37~ 00 83¼ 8,887 50 83½ 8,400 Ou 84 8,412 50 84¼ 8,425 00 84¼ 8,437 50 84½ 8,450 00 8~.½ 8,462 50 84% 8,475 lO 84¾ 8,487 50 84½ 8,500 00 85 8,512 50 85¾ 8,525 00 85¼ 8,537 50 85¾ 8,550 OU t 5¾ 8,5ti2 50 t5% 8,575 00 f:l,587 50 85¼ 85½ 8,600 00 86 8,612 GO 86¾ 8,625 00 86,¾( 8,637 50 86½ 8,650 00 86½ 8,662 oO 86% 8,675 00 86¼ 8,687 50 86½ 8,700 00 8,712 5(J 81 8'i'¾ 8,7!.!5 00 87¼ 8,737 5u 37¾ 8,750 00 8,7ti2 50 87~ 8~% 8,775 00 87¾ 8,787 50 s;½ 8,800 00 8,812 5() 88 83¾ 8,825 00 Bo¼ 8, 837 50 88¾ 8,850 00 88¾ 8,SG2 50 88¾ 8,8i5 00 88¾ 8,887 50 88½ 8,900 uO 8,912 50 b9 89¼ 8,925 00 s~¼ 8,937 5u 8,9::;0 00 8li ¾ b9.¾ 8,962 50 8:,_% 8,975 00 SO¼ 8,987 50 rn½ \J,000 GO !,O 9,vl2 50 9 ;¼ 9,025 00 HO¼ 9,03? 50 90½ 9,050 00 !,0.),§ !!,062 50 90¾ 9,0i5 Git 9(),¾ 9,087 50 90½ 9,100 I)() 9,112 50 91 91¼ !J,i 25 Oi.J HI¼ U, 137 5!l 91¾ 9,150 00 9,1u2 Ui 91½ 9,175 (1( 9i% 91¼ 9,187 LI 9,~00 Ot !ll½ 9,212 51 !!2 \J2¼ 9,2~5 (( IJ2J,i( 9,2 ~7 5t !i2¾ \I :!:iO O! 92,¾ 9,2 ti2 U 9,215 0( 92¾ !l2¾ !J,:287 5( !)::!½ 9,300 Ol !)·J 9,:-!l2 60 93¼ 9, 1125 00 Oa¼ !-1,337 50 \-13]{ IJ,3to 00 U,362 50 H3½ 9,375 Ou 9:1,. \!3¼ 9.a87 5 J !1:-l½ 9,400 00 U,412 5:, Ot 9-H-i 9,4~5 00 9,437 50 94,J,.~ !14½ 9,450 co 9,4G2 5U 94½ 94¾ 9,475 00 94¼ 9,487 50 94½ 9,500 Ou 9,512 6(1 95 95¾ 9,525 00 9b¼ 9,537 50 95½ 9,550 OQ 9,5(j~ 50 95½ 9.">% 9,5i5 00 95,¾ 9,587 50 I !I~ Cost, with Interest purchas'g for ono Bp:; comm1s'n day. ..o .~ ~ added. ·- · - - -- - 95½ $9,GOO 00 1 ·86667 9,til2 50 l·ShU10 96 9,(i25 (tC 1·87153 9Hj,£ 9,637 50 1 '87396 96p,.f 9,650 00 1 ·87630 96¾ 9,G62 50 1 '87882 96,½ 9,675 00 1 ·88125 96¾ 9,687 50 1 883ti8 96¼ 9,700 Ol• 1 •88till 96½ 9,712 50 1 ·&3854 97 9,725 00 1 ·89G07 97¼ 97¼ · 9,737 50 1 ·89340 1 ·59930 1 ·60173 9,750 00 1 ·89383 97½ 1 "6041 7 9,'i!J2 60 1 ·S982G 97.½ 9 ,¾ 1 '606ii0 9,775 00 1 ·90069 l '60903 97;4 9,'i87 Ui 1 ·90312 1 ·61146 9,8c0 lJO l ·90556 91½ 1 ·61389 98 9,812 50 1 ·9079!> 9,b25 00 1 ·91042 l '61032 9d¼ 1 "61875 9,So7 50 1 ·9 1285 98¼' 1·62118 9,850 00 1 '91528 98¾ 1 ·61361 9,862 50 1 ·91?71 98.½ 1 ·62604 9,875 00 1 · 112014 98% 1 "62,47 9,887 5CJ 1 ·92257 9~¼ l '63090 98,¼ 9,900 00 1 ·92500 1 ·63333 9,912 60 1 ·92743 99 1 ·635,6 9,9'l5 00 1 ·92986 99¼ 1 ·63819 9,937 50 1-93"29 99¼ 1'64063 9,950 00 1 ·93472 99½ 1 ·64306 99,½ 9,962 50 1 '!/3715 1 ·64549 9.975 00 1 ·93958 99¾ 1 ·64792 9,987 50 1 ·94201 99J:( 1 ·65035 99½ 10,000 00 1 •94444 1 ·65278 100 10,012 50 1 ·9Hi87 1 ·65521 100},.; 10,0: 5 00 1 9193! 1 ·65764 100¼ 10,037 50 1 "95174 1 66007 100½ 10,050 00 1 ·Oc417 1 ·66250 100½ 10,062 50 1 '0561:iO 1 ·664!13 100¾ 10.075 00 1 ·95903 1 ·66736 100¼ 10,08? 50 1 · 9614(i 1·6697!:i 100½ 19,100 00 1 ·96389 1·67222 101 10,112 .oO 1 · 96632 1 ·6746() 101¼ 10,1Q5 0() 1 ·96875 1 ·67708 101¼ 10,137 50 l ' 97118 1 ·67931 101¾ 10,150 00 1 ·97361 1 ·68194 101,½ 10,162 5(J 1 •9i604 1·6843-, 101% 10 175 00 1 '!178i7 1 ·6::l68l 101¾ 10,187 50 1 ·98090 1 ·68:)24 101_¼ 10,200 00 l '98333 1 ·6916i 102 10,212 50 1 ·98576 1 ·69410 10.i ¼ 10,225 o~ 1 ·98819 1 ·69653 102¼ 10,23, rn 1 ·9~Gti2 1 ·69896 102,¾ 10,250 00 . 1"9!l::l05 1·70 :39 102_½ 10, i62 tO 1 ·l9548 l ·70-:J8~ 102¾ 10,275 OU 1·997!!2 1 ·70, 2:i 102¾ 10,287 50 2·000~5 1 ·708ti8 H2½ 10,300 (0 2"t,027t> 1 ·71111 !03 10,312 50 2·00521 1·713&4 103¼ 10 325 00 2·00764 1 715!J", 103¼ 10.337 f:O 2 1.J1007 1 ·7 1840 1(3,% 10,350 00 2 ·01250 1 ·7:2083 10~½ 10,362 50 2·01493 1 ·j~:<26 103,% 10,3~5 00 2'01736 1·n569 10 ¼ 10, 387 50 2·0J!l7!.I 1 ·72812 103½ 10,40.J 00 2· u2222 1·73056 104 10,412 cO 2·02465 1·73 l\J9 104}' ~-02708 10,4~5 O'. 1 ·73542 104;-4 10 437 50 2 ·02951 1 ·73785 !04¾ 10,450 00 2·03194 1 ·740:.!b 1C4½ 10,462 50 2 "03137 1 ·7427 1 1C4~, 10,475 0( 2·03681 1 ·74514 lOJ¼ 10, ~87 50 ~-03924 1·747:i, 104 ½ 10,:.00 00 2·04 167 1 ·75COG 105 10,5 2 50 2 -04410 1 ·75248 105½ 10,5~5 00 2·C4U53 1 ·7511'6 105¼ 10,537 50 2 048!!6 1 ·,5729 105¾ J0,550 00 2 05}3!} 1 ·75972 1( 5½ 10,56-t 5G 2"05382 l '76215 · 10~·¾ 10,57!> 0( 2·05625 1 "7ti45~ 105% 10,587 5( 2·05868 1 70701 105½ lll,6t O ()( 2'GG111 1·7 9-!4 11 6 2 06354 10,tit:J 5( 1 '77187 106¼ 10,62) l:O 2"06597 1 ·"17430 101i¼ 10,637 50 2·06 )40 1 '776W J(:fi¾ 10,650 (){1 2-0~08a 1 · 779Hi 106_½ 10.6(,2 50 2·073.!6 1 ·78 lf>9 1C6¾ 10,675 00 2·07569 1 "71l403 10G,% 10,687 5(J 2 (,7812 1 786-lti 106½ 10,700 00 2·08056 1 ·i~1l8ll 107 10,712 50 2 · 0 ·~!!9 1 · ,9132 llii¼ 10,7!;5 00 2 08542 1·79;;75 107¼ 10,737 50 2 Od785 1 ·79fi lb lOi,% 10,7:..0 00 2·09028 1 •·1\JS61 101,½ 10,76Z 50 2 ·09tn 1 !MO~ 107¾ 10,775 00 2 · 09514 1 ' 80.;4, l <,7¾ 10,787 5( 2 ·09i;i7 1 · 8,)5!)0 101½ 10 800 l 0 2 · 100{)0 1 · 80833 108 2·10243 10,812 50 1 ·S1U'-6 108¾ 10.825 00 2 · 10486 1 · 8131!:i 108¼ 10,837 5(J 2·1G7~9 1 ·SU.16~ 108¾ 10,8~0 00 2·109i2 1 ·81806 · 10t_½ 10,1:'f\2 50 2 · 11215 1 ·82049 l l>f.:% 10 875 Ol• ~ · 11458 1 · 82292 1 GE¼ 10:ES? 5C: < 2 · li70I 1 ·82533 108½ 10,!JOO (){_ 2·11944 1 ·8277ti 10!! 10,912 60 2·121s·r 1 '830:ll lO!l¼ 10,925 OC 2· 12430 1 · 8J2ti~ I J09.¼'. 10, !)37 50 2 · 1~673 1 83~0; 10!-J½ 10,250 00 2 · 12917 1 · 83150 10})_½ 10,962 50 2 ' 13160 1 ·si993 . 109% 10,U75 00 2·1;;4.03 1 ·842":lt, 109¾ 10,98i 50 2 ·U61'> l 'b4479 " lO!l½ ll, uOO Ot 2· 13889 1 · 847l2 110 11,012 50 2 · 14132 1 ·84965 110¾ 11,025 00 2· 14375 1 '85208 l! 0¾ 11,0!37 5f1 2 · 14618 1 "854!)1 ll L¾ 11,050 co 2 ' 14861 1 '85691 110,½ 11,062 to 2 · 15104 1 ·8~9w, 110% ll,Ci5 00 2· 15.147 1 ·8ol8i 110¾ 1 t,08 1 50 2· 15500 1 "864'l4 110½ 11,;oo oo 2 ·15833 1 "57:!57 1 ·57500 1 "57i43 1 '57986 1 '58229 1 ·58472 1 "58715 l "58958 1 ·59201 1 ·59444 1·596871 UNITED STATES SECURIT IES. PRICES FROM 1860 TO 1878, INCLUSIVE. The debt of the United States Government prior to commenced in March, 1871, after which it was placed in the war of the rebellion was, comparatively speaking, the bands of a Syndicate of American and foreign hardly more than nominal. A government debt was un• bankers in August, 1871, and finally completed in popular, and the people were unaccustomed to any direct February, 1876. The negotiation of th e 4-½ pet· cent taxation except for State anil local purposes. In 1860 bonds of 1891 was commenced in September, 1876, the amount of debt outstanding was only $64:,842,287, through a similftr Syndicate, and was continued until and from that point it steadily rose with the iss11e of June, 1877, when, $200,000,000 having been sold, the bonds and Treasury notes for war purposes, until it remaining $100,000,000 were withdrawn from the market reached $2,773,236,173 on the 30th of June, 1866, which by Secretary Sherman. The 4: per cent bonds remained was the maximum amount at the close of any fiscal year. open for pop 11 lar subscription at par in go !d, for thirty From thence there was a steady decline in the net days, from · June 16 to July 16, 1877, during wuich amoant of the debt 011tstanding in every year, altho11gh time subscriptions were received to -the amount of in the fiscal year 1873-4, the serious financial crisis $65,496,550, and a further subscription by the S.vndicate which began in September, 1873, and the subsequent re- for $10,000,000 was afterward announced. In January, issue of legal-tender notes which had been withdrawn 1878, Secretary Sherman terminated his contract with the from circulation some yea.rs before, made the decrease , Syndicate, and offered the loan for popular subscription. In April of the same year he negotiated $50,000,000 of only $4:, 730,472. The following is a statement of outstanding principal the 4½ per cent b~nds, through the Syndicate, for resumpof the public1 debt of the United States on the 1st of tion purposes, and afLerward again urged the 4: per cent January of ea ch year from 1791 to 184:3, inclusive, and loan for popular subscriptiom, and sold during the year on the 1st of July, at the close of each fiscal year, about $130,000,000 bond 3, against which five-twenties since 184:4: inclusive. In the year 1870 and subse- were called in. The terms of payment of the interest and principal of quently, the totals given are the net amount of debt. and interest, less the balance of coin and currency in government securities are of much importance. The the Treasury, as reported in the public debt statement sixes of l881, fir.st series, become due absolutely on the on the 30th of June in each year. This method has 31 st December, 1880, but the act of :February 8, 186 I, been adopted as showing most clearly the actual increase says nothing of the kind of money in which the interest or decrease in the public debt from year to year, and will or prmcipal shall be paid. The sixes of 1881, second serie~, generally be· considered the most satisfactory. Bonds are issued under the acts of July 17, 1861, and August 5 issued to the Pacific Railroads are not included in the 1861 , and payable, at the pleasure of the government 6tatement, as these are assumed to he a conditional after June 30 , IR 8 l, and no specification is made as to indebtedness, for which the Government holds security the kind of money in which the interest or principal in the shape of second mortgage liens on tlrn several should be paid. At that, time gold and ilver only were legal tenders. The act of March 3, 1863, under roads: which the sixes of 1881, third series, were ii:;stted, was Amount. Year. Amount. Year. Amount. Year. 1791. ........ $~5,4~•i,1!6 18~.1 .. ....... $89,98 7,427 , 185! · ·•· ..... $~~.304,?!!6 first loan act passed after United States notes had the 66,}9J,aH ....... 1822..... ..•. 9.1,M6.076 I 1852.... 11!!2 •• . .••• ,7,227,9t4 18:l3 .•.••.• !lu,875.877 l 53 .•...•. ... ~!J,i:103,117 17!!3......... ·o,352,634l made a. legal tender; and this declares that the been 4~,242.22.! ..• ... .. Y0,:.!69,7771 1854..... 1,94 ..••.••.• 7a,407,404 18:M.... • •. }795 .•• ., •••• 80,747,587 1825 . • •• • ••• 83 788,432 1855 . •• • • .• ., •• 1!5.586,956 and interest should be payable in coin. bonds 31,9,t,537 ...... . . • . ti56 i I ... . .• • s~.054.~59 17~6. .•• . ..•• 83,7~2,in 11826. 17!i7.. •• .. • •• 82,064,479 1327.... • • •• 7 ,,987,.~57 1857 . .... •• • • . 2 :l,6~9, b3L ten-forty bonds were issued un der the act e{ The 41,!!11.,>1~! ••. . .. . ... . H!58 j 67,W5,043 ......... 18~ 17\!a .•. •.•••• J9,22a,~~9 I 179J . •• . ••.• ,8,408,ti69 18\!9 ..••.•••• 5 ,421,41d 1859.... ....... 58,496,83, J860 ...•.•...•. M, l:!42,287 March 3 , 18 j 4 , which was supplementary to the act of 1s10 ........ 82.\1~6,294j 18;30 ......... 48,5o5,4CJ61 180L . .••..•• 8:3,0:JS,050 183t..... .. .. 3\J,1 ·13,19 , 18fiL . .. ••• . . •. \J0,580,873 12,63·a 1812 .• . ••• .• 2.1,322,~351186.l.. ••. . •. .•. 5'4,176,412 March 3, 18 63, a id which declares that the bond3 and 1so2........ so,1 180J .••••.• 77,054,686 1833..... •• .• 7. 00t, t.98 H:63 ........... 1,119,772,133 11:iO!... . . . .. 8 ;,4.!7,Ito 1881.. •• . • . .• 4,76·J.082 j. 1Rli4 ........... 1.bl5,7ci4,370 interest should be paid in coin. d 11 • 37,5 13 1865 .. . ...... . 2,68Ll,t.47,8ti9 1305 ..•..•.. 8.!,;112, 150 1835 .•• _ •• ·• a issue The five-twenties now outstanding were 836,957 / t 86fi. .•••••..• 2,7~3,230,173 1800 . ........ 7.>,723,2:-0 11:i:i6. .•. .•••• h h .d 8,30812! i8-i7 . ..•.••.•.. 2,67~,l,6,108 lt!ll7 ... . ..... 6!l,2l8,3\l0 fr37......... provi es t at t e 1so8 ......... 65,19n,3 7118 .8 ......... 10,4a4,~2L I 1868 .. ....... 2,611,687,851 under the act of March 3, 1865, which bl • d b 1809 ..... . .. 57,0:la.192 lti:3\1.... .•• . • 3,573 343 lb69 ... . ...... 2,58d,452,213 ma e paya e rn e 5.25U,875 l 1870 ..•.•••••.• 2,a~6,aoti,099 principal or interest, or both, may 1810 . .•...• .• r 3,t73,2 t':' 111<4', ... ..••• 1811. .• . . . . .• 4~,0115 58i 1841. •• . .• • ;3,5!J4,480 1871. .......... 2,:.!92,03G,834 1812 .• . .••• 45, 109,7J7 j 18l2 ........ 21•,6012:!o I um ......... 2,191 ,4o6,34a coin or in otbei· lawful money. df d h lf f 891 ISI3 ......... 55,962,827 1813 ......... 32,742,922 1873 .......... 2,147,818,7111 , an ours The fives of 1881 four-an -a- a s o 1 li.<H ••••••••• 8 t,4-7,84·i j Jb44 ....••••• 2.~,4111,6521 lo':4 ........... :.:,14a,088,241 f J l 14 1 70 h d ' 1815.. •• . . •• 11~,8 3, n60 18~5.. •• ..... 15,"~5.au3 1875 ........... 2,12o,6:i8,rnJ , nY , 1816 .••.•... t27,3 14.91a 11r46 . . . . . . 18.55,1,202 I 1810 ....•••.•.. 2,099,439,341 of 1907 are all issued un er t e acts o 1 1 be shall they that provide which 1871 20 --nd Ja~ • :;~· ·· · · •••. ~~; 7~~~; 11 Mt!~t:~~~,rn:::::::::: mi:::::::·: d d ' ' ' ' •••• •••• .• . 181!1 . ... ••• • 95.5~,648 184ll. ........ 63 Oti l 85/l "redeemable in coin of the (then) present stan ar 1820.. ....... 91,015,5&1 ltiJO..... •••• 6.j:4a:.i:r.a . . As to the process of funding 6 per cent bond!3 into · value." loan vanou~ the all supplements. act credit public The 14, July of acts others carry111g less interest, the st of ~on ~ue t~e determrnes and to, referred above acts "Funding the as known 1871, 20, 1870, and J an~ary ISSUed obh.gatl@ns a~~ bonds the all to as coin in payment the authorized thereto, amendments the with Acts," issue of 500,000,000 in five per cent bond~, $300,000,- und,· r acts in which no express prov1S1ons m thts respect 000 in 4½ per cent bonds and $700 000 000 in 4: per cent had been made. This act was passed and became a law • · ' □ g th e P 1·esident'~i:s approval , March 18, 1869. · · ' of the five' per' cent bon d s was on 1ece1v1 · bond -·. The negot1at10n I I I https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis ~:~~:i~~l J UNIT.ED STATES SEO[f-.RJTIES. 42 UNITED STATES DEBT STATEMENT, DECEMBER 31, 1878. Recapitulation. Debt bearln~ Interest In Coln. s:l~ ~ Character of Issue. Aut!~;~ing Jl t,.. ~ » i:i. Interest . Periods. ~ Amount Outstanding. Bonds Outstanding. 00 R egistered. J. & J. a J. & J. b J . & J. C J. & J. d J. & J . d M. &S.* d J. & J. d J. & J. d J. & J. d Q.-F. d $260,000 13,991,000 )EBT BEARING INTEREST IN Coupon. Interest. Com- . Bonds at 6 per cent ...•.••• . ...••..•..••. .... •.... $657,8i6,200 70 1, , 6h.65() B J nds at 5 per cent.. ....... ...... . • . • . ....... . 250,1100,000 Bonds at 4½ per cent . .••.....•• . ..• . ............ 4,4i4,000 198,7t10,.000 Bonds at 4 per cent . ......... . ................ . 945,000 130~267,010 59,054.~W Total debt bearing interest in coin .. . •. --: .... . 1,80~,812,850 $84,~2'3,063 Hl,27:>6,250 55.743,750 144,-2-0. ~oo 50,285,500 DEB1' BEARING INTEREST IN L AWFUL MONEY$14,0 '0.0fl() Navy pension fund at 3 per cent ... ... ... ...•. ... $210,000 7,8,9,!lOO 18,205,650 22,416,460 3~5,531 19·!, 991,45() 117,ti 22,55u SU.CE lti,21)\1,500 21,2~>5,800 Old demand and legal tender notes .. . .......... . $34fi .743,05'1 255,264,850 253,175,500 34,515,00u Certificates of deµosit ......................... . Q.-M .. . 1r:4,715,i59 8\26~,%0 Fractional currency . . . . . . . . . . . • • • . . . • . . .. . . 16,ll'S, 15 1 Q.-J . . . 136,369,1\)0 62,330,300 24,0i'6,i,30 Coin and s ilver certificates ..................... . 1-----·1----·A!Zgl'egate of d ebt bearing interest in coin. . . . . . . l,050,81 1,200 i758,97l.650 Total debt bearing no interest....... .. . . . ... . . . l421,443,035 .•• .• • .- Coupons of $50 and $100 bonds are paid ann11.,i,lly tu March . Unclaimed interest .... .... .. . ............... . .... , ... .. . . . . .. · s;i97 (a) Coupon, fl,000, registered $5,000. (b) coupon $1,000, registered $'1,000, $5,000 , $10,000, (c) $50, $100 and $500. (d) coupon, $50. $100, $500 and t;l,000, Total. . ............ . ....................... $2 .267,702,;H5 $34,841,79~ registered, same and also $5,000 and $10,000. '.rotal debt, prrndpal and interest, to date, including interest due · not pre:,ented fo r payment... .. . . .. • .. .. . . .. .. . . . . .• .. .. . . 2,3n2,544,1 31J Debt Hearin~ Interest In Lawtul lTiouey. - - - - - - -- -1-----1-- - - - 5s of 1858 . . . . .... ..... 6s of 1881. ............ fis, Oregon War ....... 6s of 18tll. ...... . ..... tis of 1881.... ... •• . . • 5s-, 1()!.40's ............. 6s, 5'-20s of 1865, new. 6s, 5-20s of 1867....... 6s, 5-20s or 1868. . .• .. 5s, Funded Loan, 1881 do. 18Ql 4½B, 4s, do. 1907 June 14, '58 Feb. 8, '61 March 2, '6l July&A., ' 61 March 3, '63 March 3, '64 March a, '65 March 3, '65 March 3, '65 July 14, '70 July 14, '70 July 14, '70 18';'4 1880 1· 81 1881 1881 1904 18rs5 1887 1888 1881 1891 19v7 $ ...... .. .. g::~ ~:A;:g~~I~T1!:~~;;~ED AMOUNT IN THE TREASURT- Principal. Interest - - - - - - - - - - - · - - - - - - -I- as, Navy pension, Act July 23,'68, Int. appl'd only to pens' ns :j;14,000,000 :i,2l0,000 1 Debt H e arin~ no Interest. Authorizing A ctt1. Character of I ssue. Total. J86 1-2 Old demand n otes . . . . . . .. . . .. . . . . . . ..••••.... 18 ·2-3 L egal tender no tes . . ...•........•..•........ .... Certir. catei! of de posit . .......... .. ....... . ... . . . Jure 8. '72 11lfi2-:l-4 Fr11.ctional currency.... . . . . . . • . . . • . • • • . •.. .. . .•• . March 3, '63 Coin certifi : fl tes . ... . . . . . . . . • • • . • . . • . • . .•.... f::iilver c er tifica•.es . . . . •·. . . • • . ....•......•..••.... Feb. 28, '78 A.cr£l'rn""ate nf debt heannq no mtcrest I MATURITY. I $6 !,035 345,681, n1 6 34,f•15 000 l6 108 154 21,580.71:0 2.4l1 6,130 Coin.......... •• . ••• .. . . . .. • . .. •• . . . .. . • •• • . • .... .... . . • . . . Currency . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . • . • ....... Currency held f or t he r edemption of frac tional currency. .... .. Special deposit. held for redemption of certincates of deposit as provided by law .... , . . . . • . • . • . . • . . • . . . . .. . . . . . . .. . . . . . 224,865. 477 4,515,550 10,00(',000 Total . .....•.. . ..... .. ••. . .. . .................•...•..• Debt, less amount in the Treasury, January 1, 1879 ........... . nebt, less amount in the 'freasury, December 1, 1878-•..••..•..... :f 27:-l, •9fi,027 2,028, /i18. I l 1 2,027.4 4,3:!5 34, 515,000 Increase of debt during the past month: . ... ......•. .... .... r-.-,-1-,2-3-:{-,7-8-5 Decrease of debt since June 3C, 1878 ................ . ...... 7,138,7.. 0' J Bonds Issued to the Pacific Hailros,cJ Oontpa:nies. The P ac ific Railroad bo ,ds outstandirg December 31, 1878, were $64/123,51'2, ---;:j21443 r 35 , on "' hich_interest had be en paid bv_ the United States, amount n~ to ,t3!/,83 j,OJ!t-, --~"--~-'"----------------··-·-·-· ·-·-·_·_··_·_·•--- il--'-·-·· · a <1 d of lh1s the com oan1es had r e paid $ tt•, :, 71,102 b t transportation. HIGHEST AND LOWEST PRICES OF U. S. GOVER:N'MENT SECURITIES 1860 TO 1878, INCLUSIVE. JANUAitT. lli'a&q•BT I AFRIL. M.1.RCJr. ---------I I JUI(■. MA.T. I 7 I JULY. AUGUST.18n>T11JC'n Oo~mn::a 1~ov.11:M:Brm1D11011:li{B!Jf Low.High. Low High. Low .High. Low.High. Low.High . Low.II ;gh. Low.Hig h. Lo-,ir .H igh. Low High. LO\f".Higb. Low.Iligh. Lnw.H Ut. ' I 1060.j r U.S. 6'.s of 1868, cp . . 106½-107 106 -107¼' 106¼•1v7¼' 108 -108¾ !108¾-109'..< 1108 -108 108 -109 109 -lOCJ).( 108' -108½ 107¾-107¾1 .... - ..... g15 - !)Ir U. ~ - 0, t3 of l ~ti5, cp.. BS -100 U!1}1HOO fl9¼-l00¾ 100,½-102;1:_i:·1102 - 102.% 102%-103 100¼-·100¼ 101 -102 102 -102 .102 -102½ 93 - 98 92 - 93', U. 8, 6 • of 1874, cp.. 991(-100¼ lOOV,-100¼ l00¼-101¾ 103 -103)<1103 -103¾11;;;;~ 101¼-102 102 -103 102¼-Ul3J; 102!,'-103 95 -10, 89 - 9> U.S. 6's of 18fl8, l l. S. 6'i; or 1tl81, U.S. 5's of18ti5, u. s. o's of 1871, ~·a of 1874, u. s. lJ. U. U. U. U. U. 98 •-100 . ... .. . .. 90.¼- 92 91 - P3 cp . . 92 - 97 cp.. cp .. <·p .. c p. . 94 -1CO 95 - Q5J'!l' 93,¼;'- !'H¼' \J1 - !l4 8G - 91 8\) - 92 87,½- 91 85 - ~3½ "iii;" ·:·go·· I 8~¾86 - g15 89 SB 83 85¼""';, · 85 - 86 78 80 75;,/. 79 75 ·= 90 87 85 85¼8ti,3.{ BG "'9 ' 77½ 78¼ 1 76 : 90 87½- 90 90;-'• Bi'.¼- 8931;' 89· 85 - 8, 80 82 'isj,i-"si" 88 89¼'86 7!1_½'79,¼- 90 90' 91¾ !J1¼'87.% S i ~,{!-1 81.½81 81¾- 90 92 93½8•½·· 82½8~ - 95,¾ 89 85 86 92 95}' 8986 86 97 - 98 80 - 93¼ 8,W- 88¼ R2 5 ' - 8'3 79✓·- 83 1862. S. 6's of 1868, cp .. 81 - 90 90 - !)2 S. 6's of 1881. cp . 87¼- !11),4 1 88½- 9d 8. 5'ti of }86a, cp .. 85 - 86½ &6¼- ! 0 92¼- 915 92};- 94¼ 90¼'- Wl 88 - 88 85 - 88 97 - 97 99.¼(-100 S. 5's or 1o'il, cp . . 7fl,½- 80 i!J - 80 8. 5's or 1874, cp . . 7ti - soy. 78¾- B5 S. b's certificateij . U.S. 7 3-10 notes .••. lJ. S. 6's of 1881, cp .. U.S. 5's of 18Ci5, cp .. U.S. S's of 187~. cp. · U.S. 6's gold certts . U .S. (i's cur. ctfa. ... 1 .S. 7 3-lO's, A. & 0 . U.S. 7 3-lO' s, F. & A. 95 - 95 8-1¼- 94 !H - 91 ¼ 8!5 85 75 : 89½ 91 - 97 97¼'-102 103¼-l.Oi¼ 92½- 98 97X-l05Jfl'!05,½-10'i'¼ 93 - 99 92 - 92)<.i !J3,½'- !l7 . . . . . . _. . !)3 - 96 \l6½- 97 86,%- 90 S!l¾- 96 95¼- 97¼ !)HJ·, - 9.J 9!1 -1001/4,ilOfl.)'g'.-l\JP,1,( 99 7&-101½ 102¼'-1U5¼ :10,J,½-10ti 1,( I , I jl863. 91¼- 99 ... 93,¾-102¼ 100¼ -105¼ !J6 - !19 !19¼- !J!IJi 86 ·_ 90.. 85.½- 97½ 94 - !lS¼ 94,¾- 97¼' 93¼- 9\J H8¼'-·11JU¾ . .... - .. . . . . . . . - ..... !Hi,¾-·10fl½ 100 -103 101¼-10:i.½ 104 ¾-107¾ 102,½-103 102,½-104,½1102}11-107 lMJ'-'-106½ lO'i¼-108,Si .-. . . . 104 -·106 !l:;¼- 98}.( 97 - 98 99;1/g--102 101 -lM 98 - 9fl¼ 95 - !!fl.Ya 104½-1011 106 - 107¼ 10-1 -107 10ti¼-1U!I 107¼-.1 10 lO(i •-108,½' !18.¾' -100 100¼-101¼' !Ji - !1\1 .' { 103½-1tl7};; 101 -107½ 104½-107,%' lO!i -105 U6,¼-Hl1 100 -101 .% 9G¾- fJHJ~ 10;;,%'-107¾' 105¼-107¼ 1W -107 ... . . . .. .. 97 - 97 101 -lOlJ.f 99¼ 99% lOG¾-107,% 105 -106½ 106¼-110¼ 108,¾-110_¼( . .- ..... 117 -125 96¼'-100¼ 100 -100 lOlJ,-102;1 98 -1 02~ 99 - 9fl)<.i 98½"- 99 1015½··103¾ 105,%;-107¾ l!J6 -108 106 -107.¼ 108)1-110 . 124 -127 98 -100½ 101¼-liJ2}.( !~-3 - 98¼ 10f\~{-10flJ~ 106¼-107¼ 102 -106¼ 104¾-109J.l 101½-109 10G.½-11~ .... - .... . 103 -10:3½ 102,J,(-107,½lOi - -112 93 - 9G¼ !13J.i- 95¼ 106,½-109 105 -111¼ 95 - 09 107 -112 98 - 95 104¼-lOGJ.{ 106½-113 lOti½-108½ l i O).,f-10-:'¼ !12.¾'- 9(i¾ 94- - !J!l_¼ 104 -108J( 107 -12•i 94¼- 95.½ 1 95 - !JS 112¾-llS• 1C6¾-110 !)8?'.i-102¼' llfi¼-122}' 96 - 91¼ 104 -107 104¼--105 97 -100 98.½·-101¼ !17¼'-- !!fl½ 105 -107 105½-107½ 1864. U.S. 6:s of 1881, cp .. 104 ··107 lOfi¼-111¼ 111¼'-1!3½" 113 -118 ll!J -115 111 -114 U. S. 5 20's, coupon .. 101½-104.¼ 103¼-107 107 -110½' 105 -114 105,½'--107,¼:.101 -106¾ U. S. 10-40's, coupon ... .. - .. .. . .... -. . . . . . .. ' _ _ . . . .U .S.78·10's,A.&0.106½-107¾10774 -111 111 -ii:i· 1riRi,i-i1~·-ioii ½-ii~- 103 -i 10 U. 8. 1 year ctis ..... 97¾- 98¾ !.17¾- 911½ 99;,- !J!lJi 97}.- !l!l,'i 9S>-.- 98¼ 9:2X- 98.1/, I I I I I . 1865., 108¼- 110½ 106¼-108¼ 10G I r -10i]<( j107!,(-108,l; 106¾-108¼' _1'1 1 102 -104.JillOa;,.,;-l Oti 1()5,½'.-l06;i, ! li, 5J✓--108J-." 101¼--105l,( 103 -104 103J;-105;,' 1104 -105 105 -106:i 101 -103 94.¾ - !l7¾ !l6~,- ~JS !13 - 98_1, 93¼- !14,½ 92,½'- 943{ 9!1.J,i- !J!l ¼ 9!1,½-100 98;,(- ll!l ,% 98 - 99¾ 97 - 99}.( \l!l,%- 9!l¼ 97¼- 09.!,( 97¼- 95¼ 98,¼- 99 97¼- 99¾ I , , U.S. fi's nf 1881. cp . . ilO!l½-112;{ !10!1.½-111½ U.S. 5-'.W'.s, coupon.- JOti;/,-110 :100¼-112 U.S. 5-2!J s. new, tp . lOti,½-110 !108 -111 U. S, l0·40's, conpon 100.½-l02¾ i10fl½--l02¼ u. s., 7 3-10 n ot('S ... 114 -11(1 -ll(i½ U. S. 1 year ccrtitic's 96¼- !JS !17½- !JS½ r· tn:3½-1111," 105 -110?{ 108¾-110¾ lOH·. {-11'.~ to5.' ,-lu!l!,{ 102¼'- 107 I00¼-110', llOf>'l(-·lO!l}.( 10-llt; - 106 fl!ll,;{-102¼ !ll}f-- !!7;·• 94),(- ~17¾ w · -lJ.1½ .. . . -. . . . 9!l,½- 9!l;,. !16½- !lti¾ 98¾ - 99½ 99 - 99¼ TT. S. 6's of1881, cp.. 1 10:1'1..;(-104Y. j 103¾-1 "◄ !.f u. s. 5-20's of l8f\2. . _11(1:.!¼- 106 102¾-103¾ u. s. 5 20' ,i o r 1864.. . l ••l ,½'- l(J:.!}4' }0~ -10a½ U.S. 5-20's of 1865••• Hil ,½-102¼ 101¼-103½ U.S. 10-40's .... .. . .. 92¼- 9:l¼' 93¼'- 94½ U. S. 7 3-10 notes, l~t !J~¼'- 9!l% !J!I\,;'- 9H¼ ., " 2d. !17;( · !l!IJi tlSJi- H9¾ •• ., 3d. 97¼- !J9 !l~ - 99½' to-t¾-1051{ 104¥.-108,½ 107 -tO!l½ 10!1,½-l i07.{ ;106?{-110 109,½-113¾ 110¾-11~ 111¼-113½ 112 -114~( 103 -104'{ 103.1,(-]()fil{ lOOV.- 1021( 101,½- 104}{104.\ (-108¼ 108,' ,(-113¼ 107¼-112¼ 111¾-115¼ 107,¼-110% 102,¼-104½ 10:l¼-105½ 10n-; - 102½ 102 -103!" :10:J;(-106 105¼-110 108 -lO!l½ 109¾-111 105Ji-107¼ 10::1 - 104"° 104 -106 101,¼a'--11)-2?✓.'. 10:!!>-.,-to::l_½ jl O::l_!.f·-1063( 106 - 109J4 10i¼-10!l%: 109 -111¾ !105%:-109¾ HO - \JP·al !J I ½'- 91i¾ 94 - !lli½j 9/i~~- 9,;~·1 !l7J..- !19 99 -103¾(1 9i,½--](lO¼ i 9fl,¼H00¼ ! tl9.;¼H0!IJ;i \·\l,½'-100,< ll O!t' . 102 lUflj,5--1~2¾ ,10-i - 103\! ,·Jo:3 -1C-l½' 104 -107J/, :105½--107½ !106 -107 1·10, -1P8% !l'l_',(-l0i1¼ 1 (1\1¼-lil.? 101 -10'l~ illl2 -103.'-i .():3 -104 ,½' ]()cl -lOfi;.;! lil:);-a'.·•lO(iW10!i%-106¾' 1104 -10fi¼ U!} ~100},( 9!JJ,-lo21'100¼-102X ll'~'a;o;~i"' -10<¼ 10, -107)< Ip1c,· ·I· .... -. I 105),(-106!{ 106¼-108¼ 99}4'-103 100 -105¼ 98¼-101¼' 99 -HJ2¼ 8!1.%- 92¼ 90%- 95 9f>%- 99 !lG¼'- 98% 96}(- 97¼ 9"1~- 98Ji -lOti¾llOa -to•½1lOO½-l'J6¾il"' rr. S. (i's of 1881, cp .. lOti½-108.¾ 107¼-1!0¼ 108¾-110¼ cp. w,;~-rn8 :1n~x-111 x lins¼-Hl U.S. 5-20'>1, '64, q, .. 11U5},.:-1or; 110~,¼-10i)9 1]07.l-,; - 108 U.S. r, -201!','fin,c. M&N j tO!'> -lU6_%'1105,\-10\!.\{ 107¼-106X U.S. 5-:We.'li!i.cp.J&,Ji•IU3¾-l0·1¾ lOIJ✓,-lll(I½ 106,½-107¼ lJ .s. 5-:!C>'i- of '67 cp ...... - .......... -- .... U. s. 10·40' s cp. . ... . 99.),t(-llO , tHl¼-IUl¼ , 1n.½- 9S~ l I 1866. u. s. 5.2o·t:1 CJf ' 6:l, a. s. 6's of 1881, cp .. i108¾-112 I 188'{-110\{ 110¼-112 111 :,. -l13\,(:1(l9 -110¼ 110.1.,-1111e,·, hr. - 10\l~ ,1o!l~,-110¼ ,11ux-11·2_i.{ lO'i¾ -1091.a '. 105 \{ - :05 .l 0f,¾-·lCJ':Ye l t 0i½-109¼ 10'7,!i-109" I !05~, .J()tl 1 106,½'- ll.r.X J I07 Y. - 109:✓• Jcr. .'-a-10,_½llll'i).i - 1111:S½ 108_,--110,½ llOti,'~- lO-~.•i -1· ... . - . . ... 11n, -10iP~ 99 99 - 99J' ! 9!1¼-lOO½ ll00¼-10.lX .!l,J,... -.... ·I·.... -... . I J ! 1a6a.l 1091(-113¼ lOli}.,-1089, 104;4"-19'.:: !04,¼- 111 ,}:.f · 99 -100J,.,' 104 -1i"5.¼ l03¾-1 0f,~{ -105¼ !" 110.).(-112;{ 1110¾-112,!(1 110½-112¾!112 -lH;,( 111%-112¼ lll ¾-1 t-1.;.; ,11ox-115.J-..{ ;111 J1-11a;',.( 110,;-:,~- 1os% 101 -me,% !(1(1 ·-110%i108?/11·-llO>i !rnSl.:(-l09% ll05 -1:-.5.% 104_½-1()6 1U!l),f-tl 1t; :ltl!IY.·-]11,½ j108.% -110¼ !rno;;;-106½ ;10-t¾-105:% l 1li~:,'.--1P6Ji ll07.J,<;-109 i1Uti;·3-107;{p07;;,'-1(!8 1107){-1<187'~ i.f17;,,,-rno?-.,.i lll7%-JOg J1on~·-10s. 1W7H-108 j107;6'-109 10:!J~-103¼'! alt¼- 99.%1 99¾-10l¼ il00¾-; 02J, il00"-104 I I I · I I 1110¾-]1'?,3 a"it10¼'-111?{1110 7{-113¼ 113 -llfi 11G½'-11S_,,_ ;11ci~,-m;ff1113¼-11€,¼if113,½'-1 H¼ [iT3 -11fi,ll(i111?{-115 ¼' \11-H {-115 U. 8. 5-l!O's, 1862, cp . llOi¼-111,7 11111(1 ·-ll! .~1109., - 110~ IW ," -112¼ 108 -111¼ 111¼-113¼ 11~¼ - lH¾ 11 2¾-11:i !t1'.i_%-1111!,( :112.?,(- 11."l \105¾-11:lJ, ;109; ;-111 ¾ U.S. 5-20's, 18ti4, qi. /lC15¾:-IU9,¾ !Oi;;'- 109>,, 107¼'- lUl.!~ ,10~."-a-1 10¼ 1111;¾ - 109¼ 10\J¾-111 .~ 110 -111¾1108¾ - 111 ¼ 11Ll!l\(·-110;;.i110!·l'<) -lt2~{ l.04)~-1Cl8!:.:106;,i-1 1r7% u. s. 5-1!0,;, '65, M&N,106 -110ji JOd,!,i-110¼' lOi¾ -109 106¾-109¼ 110 -111¼ 110¾-112¼ 1110 --112'½ \10!l¼- 1!1 %! 10\J;{ ·1 H!Jf 104J{-l08;:,; 1107,¼'-1(l!i:~ U.S. 5-20's, 'fr5, J& J /104,½-108~ 106,l(- 108,¼;' JO(IJ,!-107¼ 106!,-tfl9 108¼-ltlJi 112~.{- 114¼; 108 -lO!l¼ il07J,.°-·lOH:J>4 '\ 107;{ - iWl¼'. \107%-1l1¼;10tl;{-llC.\J~\H19~,i'-11'1¼ U .S. 5-20'8, 1867, cp. 104 J{-108;11 IU6J, --1Us,>, 106,1,i- 107¼ lOti.'4-lO'J½ 10\J~- 112J-e 11 2j-;-114J11108,½'- IO'.l % 111\ti,½'·-109Ji ,107%.-- llJ().J,.{ tll':'¾-112 :107,),(-111¼' 110!-l¼--Ul'-{ . u s. 5.:20· 8• 186~. cp. I ..... - .... i ..... - .... I .. .. -. . . . . . . . - ...... . . .. - .... llll!I;~ - 1 l0 _1,. H>S ;-8- l0rl % !1n7 - l()\1;; il liR:J,( - 1 r11J!,<; irnts%-112Wll07 %··111 It 1tl -1 11 ~it u. S. 10·40's \:011pou .Jl0l,%- f04 ,½'1104,l.i-105:, •IOOJ,(-lOl ;i ll00,½-103 J103 -lOci¼ jI05p4 -107% 11Uti¾...:1\J8J~ ]108 -lOli½ ;l0.t,½-1t:5J,~ 1104¼-l.Oti7, 103 -lOfi~,. ,1()5 -111!; ?. https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis l]l)';,¼--111,"' 43 UNITEll STATES SE-OURITIES. IS69. 5's, ,-6's or 18'31--. ,--- --S's (5 -20 y'ra Coupon------. 10-40, Coup, Reg. 1862. 1864. 1865--1865. 1867. 1868. Coup. JulynPW. oriening ........... 117¼ 121¼ 117¼ 118¼ 116¼ 115'! 11«1¼ 108 107¼ l06 114¾, 109½ 108¾ h ghest .••.. - ••• 123¾ 122.¼ 12;;¼ 12:1_¾ 1:23¼ li23' ]22¼' 122 10?~ 107.!,( 105¼ Lo"e""t ••• . ••••• llti¾ 117¼ .121.!,( 117¼ 118}.' 116¼ llo}, 116 114'9 109 108.¾ Clo•ing.•••••••••• 123¼ 122¼ 125¼ 123¼ 123¼ 122}1 122¼ 122 Anipist108¼ 108~ Opeu1ng .•••.•..•• 124~ 124.!,( 125¾ 123¼ 123¾ 122¾ 122¾ 122¼ ll!J Highest .•••.••••• 125 1 ~5'1( 1'24 125 124¼ Ht¾ 12.!¼ 122¼ 11!:i¼ 112.!,( 1l1t74 119¾ 120¼ 11.!}i 108¼ 10'3¼ Lowest .••.••••.• 121¾ 122¾ 122¾ 120¾ ltU¾ lHl¼ Closmg ....••••. 123¼ 123¼ 122,~ 121 3i 121¾ 120¼ l\5¼ 128¼ 122-" 112~ 110¼ September123\( H3\( n2J,( 1~)4' 1m, 121¼ 120¾ 1123,£ 112¾ 1061,( Openicg .• . ..••• • · 123 12:3.!,( 123,li 122!,(' 122¼ 121¾ ltl¼ lW¾ 112¼ 114 106.!4 Highest ..•••••••. 12'1 Lowe, t .•••••••.• 119 1o·n.c !t9 119,!:t llR½ 118,!,i 116~ 116¼ 117 112¼ 105½ 108,!.( WI),( 118¼ 118¼ 117~ 117¾ 117 105,;. Closing .•••.••••• 1193' 119 11a 5's• ,-6's of 1881--. ,--- - - 6'i:: {5-<0 y'rs Coupon------.. 10 ~o, Coup. Rei:r. 1862. 1864. 1865 -1~65. 1867. 1869. Coup. JanuaryOpening ......... . B1ghe1t . .•. ••••• Lc,wedt••••••••••• ()Lo:iing •••••••••• 111¼ 109¼ 111¾ 107" !12~ 11 1.),6' lliH,i 109¼ 111 Hn 1 1¼ l u7¼ lU.!,( lli¾ 113¾ 1()9¼ ll'ebrnoryOpening.• . .•••••• H 1gh,-,1::t . .•..••••• Lowest. ..••••••• (.;l'Osing•.••..• n • • 112~ 116¾ 11.!¼ llti¾ 1.13 118¼ J.13 118¼ 104¼ 115.!,( 109,',( 115~ 110¾ 108¾ 108¾ 116~ 113.!,( lVl¼ l;0½ 10:l¾ 108¼ 116¼ 118]4( 11:1¼ M1-1rch~ • Orenlng .••••••••• H ~hei,it .•••••• . •• Low t, st. •••••••••• Closing . .••••••• 115¾ ll!'i¼ 118 117¾ 111:i¾ 120 1 ;5¾ 114¼ 117¼ 118 11.'\¼ 115 114¾ 115¼ 113¼ 113¼ 114¼ 18.f'W. 111¼ 114¼ 111¼ 114.¼ AprilO,pt>n·ng . ••••••••• 11"¼ 115 118 lltl!hest ••••.••••• !lS '~ 118 122 Low ,·-et 115¾ 115¼ 1!7~ Ciosing .••••••••• 11~,;i :1s l:.!1¼ MayO ;1eumg •••••••••• 118 ¾ 119 117¼ llighest . •• .••••. , 1 3¼ H2¼ a ," l ow ,·st........... )18 117¼ Clot1ing..••••••••• hi~ 121¾ 12:!¾ .JuneO~ening..... •••• 12~¾ 117¼' 112¾ li1gheat ••••••••• H2¼ 117¾ 122¼ Lowes ••••••••••• 121 116¼ 121¾ Closing •••.•••••• 121¼ 111 121¼ urn, 108~ 107 110¾ }(18¾ l0'i¼ 10.J 107¼· 106¾ 106¼ 110¾ 108¼ 106¾ 112¼ 113 113¼ 113¾ llt½ llt)t 115¼ 118 113 115 118 114 115¼ 112¼ 112¼ 11R¾ 117~ 119] , 116.¼ ll li ¾ 116,¾ 113¾ 11:'i¾ 112, .; 11~½ ll:1¾ 117¾ 119¼ l !ti)t 116¼ llti.¼ 105 108¼ 105 108¾ OctoberOpen in~.• .• •••.•••. Hig1,est ..•••••••• Lowest . •••••••.• Clo=ing . .•••••• , •. November- rnw 113¾ 115¾ 11614' 117¼ 119¼ l.!01,( 11:3¼ 114¼ 115.¼ 117 118.¼ uo 116¼ 1-J0¼ 115¼ l:.!0 116½ 12lJ ~ 111' ¼ 119¾ 117" 118.¼ 1~ 120 117¼ 119 117¼ 119 118¼ 119¼ 120 120¼ 119¼ 119¼ 120¼( 120),,{ llS¼ 119¼ 116¼ 1161' 108½ 110 ~f;r,~f ::: :::: :: 1117~ Lowest .••.•••••• 1U9¾ Closwg; •••••••••• December10!!¼ ~ning .••••••• host ... , •••••• 109),, 11•7¾ ~ 107", \'tkelnc ...• •• -·· 119¾ 119 120 120)(' l'!O 121 1L9 ll8¼ ll!lli 1 t!l¼ IHI),( 119¼ 119¼' 119¾ 117.¼ 119¼ 118¼' 109¼ 118¾ 118¼ 118¼ 10!!¼ 1!9Jt 121~ 117 117 115¼ ll:,¼ 116),( 107¼ 117X 11!1¼ 116¼ 116¼ 110¾ 107¾ llQ.!,( 119.J,i 115 115 119¼ 1Hl¾ 115ll( 115'1( 1151' 112.!,( 112¼ 1103' 110,£ 113 118~ 118 ~¼ 116¼ 116 113¼ 114~ 116¼ 116¼ 115;( 110~ 112~ 113),( 113 106 110¼ 110¼ 118 UI Kl-" 111¼ ~ HI 11~ 189.M ........... 120¼ 115~ us~ 116 113¼ 114 116 113¾ U4 112¼ 110¼ 111 11:l,- 111 111¼ 116¼ 116¼ 108 lt . 11-6¼ lln~ lln.!,( 108 113¼ 106)1 1rn" 113 113¾ 118¼ 113¼ 107 m~ 1810. ~s,:1881- ,----.U'a (5-20 y'rs) Coupon---sfl's,10-40 C'ooy Coupon. 1862, 1864. 1865--new. 1°67. 1868. Coup. 6'e. JanuaryOrlling .....• ... 115¼ 113¾ 113 H1ghe11t ••••••• . ••• 118¾ 116½ 116 Lowm1t .••••••••.• 115½ Clo11ing .•••••••••• 118!1' 113.¼ 113 115¼ 115¼ 113¼ 111¾ 111¾ 111¾ 109¾ 116¾ 114¼ 114¼ 114¾ 113¾ 112¼ 111¼ 111¼ 111,-i 109¾ 115¾ 1143,( 114¾ 114¾ 112¾ 109¼ 118¼ 115½ llo¼' 115¼ 118¼ 115¼ 11/i!t{ 115\i 115J{ 114 113;,.( 113Y,! 115¼ 114X 113¼' lW¾ 114¼ lH 114¼ 114¼' 111¼ 112¼ 111¼ 112¼ 6's of 1881 ,-----6's (5-~0 y'rs) Coupon-- - --..S's, 10-40 C'ncy Coupon. 1862. lSM. 1865_--new. 1867. 1868. Coup. 6'.i. 111¾ 109¾ 111.¼ Opening. . . . • . • . • . High est........... Lowest ....•.•..... Closing ....••.••••• 115~ 115¼ 112¾ 113¾ 112~, 112 112 111¼ 111¼ 112¼ 112 112 111¾ 111¼ 108;;( 1087i 108J' 107¾ 107~✓110¾ 109¼ 110 108¾ 109¼ 111¼ 111¼ 108 109.¼ 108¼ 113¼ 108;/a 114 106¾ 110¼' 1077,( 110¼ 114 114 111¾ 114¾ 114 lll;~ 113 111¼ 111¼ 113 111¼ 111¼ Aug1.1.stOpening .•.•••.••• Highest ....•....•. Lo,vcst ..•.•..•.•.• Closing. . • . • • . . • • . 113.!.( 114¾ 113¼ 114¼ 110¾ 112¼ 110¼ 112¼ FebruaryOrenlng •.••••••• Blghest .••••••••• Lowest ..••••••••. Clo1!in~ ..••••••••• July- 110¼ 111½ 109¼ 111¼' 110¼ 108¼ 111¼ 110,.( 108J.{ . 108¾ 111¼ 110¼ 108¼ 110¾ 108¼ 110¼' 109 110¼ 109 110 106¼ 110¼ 108 112¼ 106¼ llO;i 109 111¼ 112 112¾ 111¼ 111¾ 110)( 110¼ 110¼ 110}.( 110.J.( 110:V. 110,l,( 110¾ 106 112 107 112 105.¼ 111 106¾ 111¼ 110¼ 110.¼ 110¾ 106.¼ 11¼ Marchor;nmg ...••••••• H gheet....... • • • Lowest .....• : ••••• Closing .••••• ·-··· AprilOpening .••••• , • • • Illghest . ••••••••. Lowest ..•••••••••• Clo11ing .••••••••.•. 116!l 114.J,( 113¾ 113J, 111¾ 112¼ 112¾ 108¼' 111¼ 116;,i 114},( 113.¾ 113¼ 11!¼ 112¼ 112¾ 108¼ 113¾ 113¼ 1()'.)¾ 108¼ 108¾ 108 108,¼' l,l,4;i 110¾ 114x 110¼ 109.¾ 110¼' 108¼ 109).( 109¼ 106¾ 11~ SeptemberOpening ..••••.••. Hi~hest .•..•.•.•.. Lowest ....••••..•. Closing. . • . • • • . • • • 113¼ 114¾ 113¼ 113.¼ 113 111¼ 114¼ 112 112,¼' 111¼ 112¼ 111¼ 113¾ 110j; 1tl'JX 109~ lO'iJ~ 1163~ 115}( 114,',( 114¼ 11a, , 113Jt. no~ - 109¼' 109¾ 10'i¼ 116}'~ 115¼ 113.½ 1HJ,! 1111¼ 111¼ 112¼ 111¼ 112 OctoberOpening .•.....•.. Highest ..•••••.... Lowel5t ..•••••••... Closing ....•••••.. 114¼ 114¼ 113,¼' 113¼ 111.¼ 113 111¼ 112¼ 111¼ 1123( 110¼ 110¾ 110¼ 106¼ 111.¾ 111¼' 110¾ 110¼ 110,l,( 110¼ 106),( 111 1113( 111¾ 110¾ 110¼' 110¾ 106'¾ 111 MayOpeninf-··· •••••. High ea ..••••••••• l,owest •••••.••••• Closing •••••••••••• Uf\'-~ 117½ 116 11'7¾ 108¾ 108¾ 107¾ 108¼ 112¼ 112½ 112,l, 112¼ NonmberOpening ....••.•. Highest ..•..•.••. Lowest .••.•.•.... Closing. . . . • • • . . . . 113½ 113¾ 113¾ 113¾ 109~ 109¼ 107;,{ 107¾ 107¼ 108¼' 110¾ 107¼ 108¼' 110¼' 107 106¼ 109 107 107¼ 109),( Jn?lo- . Opening •••••••••• B1~hest ••••• . •••.• Lowest ............ Closing. . • •• • • •• • • • 117Jf 112], 111,1' 113'¾ 118¼ 112¼ 111¼ 114.).( 117¾ 111 110J.( ll0J,i 112¼ 118¼ 112 111,Y. 112 114¼ 108¼ 108J( 107¾ 108¼' 113 114¼ 118 113.¼ December~ening.... • • • • • 1ghest...... . ... Lowest ....•.•.... Closin~ ..••••. . .. 113',( 113.¾ 113 113,J( 107¾ 108 107~ 108 106¼ 107¾ 106¼ 107¼ Hm, 108¼ 109,l,( 106.¼( 113¾ 113½ 108¾ 108¼ 108.¼ 105¾ 112.¼ 113¼ 108¼ 112;)( 111¾ 111¾ 113¼ 114¼ 114¼ 112,¾ 111¼ 112 114.¼( 114¼' •115 111¼ 110¾ 110¾ 112¼ 113¼' 113.!,( 112}; 111.¾ 111¼ 113¼ 114 114¼ ifoi 114 1J4¾ 112.¼ 113 1'14¼ ifo;. 111½ 112 110 110¼ 110 110¾ 110¾ 110¾ 109,!,( 109¾ l<MI¼ 109¾ 109¼' 107¾ 110¾ 110¾ 106¼ 109¼ 109¾ 107,¼;' 110¼ 110¾ ' llfi¾ 106¼ 110¼ 107 109,¼' 106¼' 109¼ 106¾ 111 111¼ 110½ 110.¼ 109¾ 106¼ 110¼ 111 106.¼ 110¼ 109¾ 100¾ 109¼ 111 106¼ 110 tsn. 6e 1868. Coup. C'nc) 1881 5- 208 5 20s 5-20$ 5-20s 5-208 5-2's 10-40 Coupon. 1862. 1864. 1865. 18ti5new 1867. JanuaryO-r;>ening .••••••• 110,!,( 108% lOB¼ 108.¼ 107¾ ll,3hest .••••••• 113,!,( 110¼ lO!l½ lO!l¾ 108¾ 107 Lowesl;.. ••• , •.••• 1103,( 108¾ 107.¼ 108 Closing . ·.......• 113~ 110¾ 109¼ 110 108¼ 108¼ 108¼ 109¼( 107¼ 109.J. 106¼ 109¾ 106¼ 109¼ 109¼ 111¼ 109 110¼ 109½ 111¼ 109¾ 111¾ 109¾ 111.¼ 109¾ 107¾ 108¼ 107¼' FebruaryOpening .••••••• Highest. .••••••• Lowest.... • ••• Closing ••••••••• 1133' 110¾ 110¾ 110¾ 109 114¼ 112¾ 111¼ 112),( 111 109 110 113 110¾ 110 114¼ 112;( 111¼ 112)1( 110¼ KarctiOpening .••••••• 114¾ 112:ll(' Highest.•••••••• 116¼ 113 Lowest.••••••••• 114¾ 111¼ Closing .•••••••• 116¼ 112¾ AprilOpening .••••••• 11fi¼' Highest. .••••••• 117¼' Lowest.•••••..•• 116 Closlng .•••••••• 1173' 111¼ 5-20s 5-208 5-208 180;;. 1865new 1867. JUly110½ Opening ...•.••• 115 113¼ 113¼ 113¾ 112¾ i13 111,½ Highest..•••.••• 116,!,( 115¾ 114¼ 114¾ 112¼ 113¼' 110 Lowest..•.••.••• 114¼ 113¾ 113½ 113¼' 112,¼'. 112¾ 111.Jg Closing ..•••.•.• 116 114¾ 113¼ 113¾'. 11:.!¼ 112¼ Augnst111.¼ Opening .•• . •••• 116¼ 114¾ 114 114 112¾ 113 113¾ Highest..•.••••• 119 114¼ 114¾ 114¼ 113¾ 113¾ 1113( Lowest •.••.•.•• 116 113¼ 113.¼ 114 112¼ 113 113¼ Closing ..•.•••• 118 114¼ 114,J,( 114¼ 113¼ 113¾ 5- 208 10-40 6s 1868. Coup. O'nc 113¼ 111 113¾ 113¼' 112½ 111 113..!,( 113 113.¼( 114¼ 113¼' 114¼ 115 115¼ 113 114¾ 114;( 110 114¾ 116¾ 113¼' 114 111 116¼ September112¾ 112¾ 111¼ 112),( 111¾ 111¾ 109¼ 113¾ Opening .••••••• 118¼ 114¾' 1141,( 114~ 113¼ 113¼ 114¾ 111¼ 116¼ 112¾ 111¼ 111¼' 111¾ 109¼ 115¾ Highest.••.•.••• ll!l¾ 115¾ 115¾ 115½ 114¾ 114¼ 114¼ 111¼ 116¼' 112~, 111 113¾ 111¼ 110½ 110½ 110.¼ 1(;8 112¾ 111¼ 111¼ -111¾ 108¼ 115¾ Lowest. •..•..••• Closin!{ ••••.••• 118 11-l¾ 114¼ 111¼ 113 1/s 113¼ 114),( 111.}, 118¾ 115¼ 115¼ 115¼ 114¼ 114¾ 114¼ 111¾ 111¾ 111¾ 108¼ 115¼ 109¾ 115¼ 113 114 113 118 114 114 112¼ 1123( 112¼ 111¾ 111¼ ill¾ 108½( 115½ 1097; 115;, 113 113 114 113 113¾ 114 OctoberOpening .•.•.••• Highest. .•...••• Lowest.•.......• Closing ..•• . •• 118~ llS¾ 115¼' 116¼ 115.¼ 115¼ 113¼ 114¾ 115¼ 115¼ 115¼ 116 113¼ 113¾ 114¾ 114¼ NovemberOpening ....•••• Highest•.......• Lowest•..•..••• Closing ••...•... 116,½' 117¼ 116½ 117¼ 111¼' 111¼ 111 111 111¼' 111¾ 113¾ 113¾ 113.¾ 109¼ 111¾ 110 111¼' 112¾ 114¾ 115 115 113¾ 110¼ 111¼ 113 113¾ 113¾ 109¼ 111¼ 110.¼ 111¼ 11a ll4 114¼ 109¼ 113.¼ December115¼ Opening ...••••• 115¼ Ilighest. •.•••••• 115),! Lowest. •.•..••• 115¼ Closing .....• , • , 1173,( 118 117.!i 11& 111 111 109¼' 10~.¼ 110¼ 111.¾ 113.¼( 114¾ 111 115¼ 111¾ 115 109¼ 110¼ 113.¼( 114¾ 115¼ 10~¼ PO¼ p~ 112¾ 112¾ 112½ lCay111 O-pening ........ 117¼ 111 H1gl1est. ••••••• 117¾ 111¼ 111¾ 110¼ 110¼ Lowest .... .... . 117 Closing .•.•••••• 117¼' 111¾ 111¼ 111¼' 113¾ 11:-3;( 113¼ 114 114¼ 111¼ 114 110¼ 113 112¼ 113 114¼ .. 111¾ 113¼ 114 111 109¾ 115¾ 110 115½ 109 115.¾ 10:l¼ 115½ Juue-11!.¼ 111¼ 113¼ 113¼ 0 ening ..•••••• 117¼ 112 113¼ 114¼ 115¾ 1gbest•••••.••• 118¾ 113¾ 113 we11t ••••••.••• 117,¼( 112 111¼ 111.¼ 113¼ 113¼ 118¼ 113¾ 113 11S¼ 114¼ 115¼ https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis 6s, 1881 5-20s 5-20.s Coup. 1862. 1854. 114 115¼ 114 115.¼ 109¾ 110¼ 109¾ 110¼ 114¼ 114¼ 112 113¼' 114¼ 114¼ 112 113¼ 115 115 112 114¼ 114¾ 111¼ 114¼ 111¼ 114¼ 108¾ 110¼ 113¾ 10~¾ 111 114¼ 109¼ 116 109.¼ 114¼ 109.¼ 116 .109¼ 113¼ 115,¼( 113.¼ 115¾ 44 UNIT.ED STATES SECURITIES. 1872. ...., 58 '81 fnnd. coup. Jannary0-pen'g 110 High's t 110¼ Lowest 10\1,¼ Closing 110 ,---Coupon Bondi'!.- ----68 '81 6s '81 5-20s 5•208 5-20s 5-20s 5-20s 5-20s 10-40s 10-40s 6:J reg. coup. 1862. 1864. 1865. 1865n. 1867. 1868. reg. coup . cur, 114¾ 115 114¼ Wi¾ 114¼ 114¼ 114¼ 115¾ 110_½ 110¾ 109¼ 110.¾ 110¼ 110¼ 10!:i,¼ 110¼ FebruaryOpen 'g 108¼ 114¼ H1gh'st 108¼ 114.¼ Lowest 10":¼ 114 Ciosing 108¾ lU 115¼ 110¼ 110¼ 115.¾ 111¼' 111¾ 114¼ 11O~ 110 115,1,( 111,Ya 111¼ MarchOpen 'g 109¼ High 'st 1:0 Lowest 10~¼ Closing 110 1153,( 115¼ 115.J,4' 115¼ 1143,( 111~{ 114¼' 114¼ AprilOpen 'g 109¼ Hlgh' st 112¼ Lowest 109.Ya Closing 112¼ 117 MayOpen'g 1111,i High'st 113 Lowest 111¼( Closing 112.Ya 116¾ 118 1173,( 119¼ 116¾ 118 117¾ 119¼ 111¼ 112.J,4' 111 112 111 112¾ 111 112.¾ 112¾ 112¾ 110¾ 111¾ 111 ¾ 113 111 ¼ 113 113 1,.( 109 113.J,4' 110.½ 109¼ 111 ¾ 111 ¾ 109 110¾ 112¼ 112¼ 109¼ 110 110¾ 109¼ 110.½ 1113,( 110~ 112 112¼ 111 ¼ 110¾ 112 112¾ 110¾ 110 111¼' 111,!,! 111 ¾ 110¼ 111¼ 112 107 110¾' 1'.4 ¼ AugustOpen 'g 112¼ Htgh'st 1!2¼ 106¾ 109¾ 113¼ Lowest 112.J,i 107 110.¾ 113¼ Closing 112¼ 112¼ 1103,( 111¾ 112¼ 111¾ 113 112¼ 110¼ 111¾ 112¼ 111¾ 112¼ 107¼ 108 107.J,.( 108 107¼ 108¾ 107¼ 108¾ 1!2 113¾ 112 113¾ 107¼ 110¾ 1;4¼ 115 117 115¼ 112¾ 112¾ 113 111¼ 113 113;, 108 1013¾ 118.~ 115¼ 115¼ 116¼ 114¼ 115¼ 116 110¾ 110¼ 114¼ 115.½ 112¾ 112.½ 112¾ 111½ 112¼ 113 108 108¼' June- _ Opcn'g 113 R1gh' st 113¾ Lowest 112¾ Closin: 112¾ 118¼ 115¼ 115¼ 116¾ 114¼ 115¾ 115¼ 110¼ 110¼ 114¼ 115 114,½ 114.Ya 112¾ 114 112¾ 113.¼ 120¾ 120¼ 119¾ 120¼ 114¼ 115 114 114 112¼ 113~, 112¾ 113.¼ 115¾ 115¼ 114¾ 114.Ya 58 '81 fund. coup. JulyOpen'g 113¼ Hlgh 'st 1133.( Lowest 11:-1¾ Closing 113¼ 112¼ 115 112¼ 115 114 115 114 114.¾ 114¼ 116.¼( 114¼ 116¾ 115¾ 115¾ 110¼ 117.¾ 117¾ 111 .¾ 115.½ 115¾ 110 117¼ 117 1113' 115¼ 1163,( 117?{ 116 117¾ 118¾ 114¼ 116¼( 117¾ 114¼ 117¼' 118½ 110¾ 112¼' 110¾ 112 117¼ 111¾ 117¼ 111 ¾ 117¾ 110% 117¼ 111½ 114 115¾' 114 115.¾ ,----Coupon Bonds.--~ 6s '81 6s '81 5-208 5-208 5-20s 5-20s 5-20s 5-20s 10-408 10-40s 6s reg. coup. 1862. 1864. 1865. 1865n. 1867. 1868. reg. coup. cur. 115¾ 116 115¾ 116 117¼ 1!8¾ 117 118¼ 116!,{ 118¼ 1163,( 116¼ 118J.:( 116¾ 11-l 116¼ 11 I¾ 114.J,.( 116½ 114¾ SeptemberOpen 'g 11 1¼ 114¾ Hlgh 'st 111¼ lH.½ Low~st 10f- ¼ 113_1/s Closm g 110.Ya 114¼' October115¼ Open'g 111 llti¼ High 'st 111 ¾ 11\ ¾ Lowest 111 116¾ Closing 111¼' 114.¾ 114% 115¾ 113¼ 115¾ 115¼ 116;11 115 lU ¾ 114¾ 115¾ 113¼ 115¼ 115¼ 116.¾ 115 114¼' 115}4 11474 115 December112.¾ 115 Open'g 111 112¼ 112¾ 115 High 'st 111¾' 114% 111½ 114¾ Lowest 111 112¼ 112½ 114¾ -Closing 111¾ 114¾ 116¾' 116.½ ll4 114 116¼ 115¾ 116¼ 116¼ 115.½ 116¼ 114% 113¼ 113¾ 114Ji 113¼ 113¼ 116.J..( 116¼' 114¼ 115¾ lH 111¾ 113 111¼ 114¾ 114½ 113,4' 114.¼( 113% 114¾ 113.½ 114¼ 113¼;' 113J~ 112 113¾ 115% 117 115¾ 1163,( 115¾' 114¾ lW Ya 116 115¼' 114¾ 115,¾ 115.¾ 11 5¾ 116¾ llf>¾ 116¼' 115 November11 6¾ Open'g 1!0 115¾ 116¾ lli,¾ High 'ist 110¼ llfi¼ 117¼ 116 !,.( Lowest 110 114.½ 11/i ¼ 117.¾ Closing 110¾ 116 116¼ 115¾ 116 115¼ 116 115 116 114¼ 116 111¾' 112¾ 114¼ 111¼ 113¼: 115 111.¾ 112¼' 114 ¾' 111.¼ 113.¼( 114¼ 115.¾ 109.~ 113¾ 115¼ 109¾ 113¾ 113¼ 103¾ 111¾ 113¼ 108¼ 112¼ 114 114 108¼ 114¼ 114 109 1121,( 112¼ 107¼ 113.¼ 113¾ 108 113;,~ 113¼ 114 115¼' 115 113¾ 113¼ 114 114¾ 114.Ya 114¾ 114¼ 114¼ 112 '4 112¼ 108¼ 112¼ 108¼ 112¼ 107¾ 111¼ 108 108¾ 108¾ 107½ 108¼ 114¾ 114¼ 108 112¼ 108¼' 111¼ 108¾ 114 107¾ 111 108¾ 114 112 111¼ 112¾ 114 108¾' 114!,( 113 113¼ 113¾ 115¾ 116¼ 115¼ 108¼' 108¼ 114¼ 113 113¾( 113¼ 115¾ 116¾ 115¼ 108.J,( 108¾ 114¾ 111¾ 111¾ _112¼ 114 1147.,. 114¾(' 107¾ 107¼ 113,4' 117¾ 112¼ 11& llil¾ 117¾-112¼' 118 112¼ 113 113,½' 112¾ 118 112¼ 115¾ 116 115¼ 109¼ 109¾ 112¼ 113.¾ 116¾ 117¾ 116¾ 110 109.¼ 11::l¾ 112¾ 115 115½ 115¼ 109¾ 109¾ 112 112¼ 116¼ 117¼ 116¼' 11!> 109¼ 113¼ 18'2'3. §8 '81 fund. 68 '81 coup. reg. JanuaryOpen'g 112¾ 114¾ High'st 115¾ 117~ Lowest 112.J,4' 11 4.¾ Closing 115¾ 117,Ya FebruaryOpen'g 113¼ H1gh'st 113¾ Lowest 113¼ Cwsing 113J! MarchOpen'g 113¾ H1gh'st 1:5¾ Lowest 113 Closing 115 116¾ 117¾ 116¾ lit>¼ ,---Coupon Bondi!.• - - - , 6s '81 5-208 5-208 5-208 5-20s 5-20s 5-208 10-408 10-40s 6s coup. 186j. 1864. 1865. 1865n. 1867. 1868. reg. _coup. cur. 58 '81 fund. coup. July'g 114.¾ Op en 113¾ 110¼ 109¼ 112¾ 116¼ 114 115½ 115.½ H1gh'st 115¼ Lowest 114.¾ 11::l¾ 109¾ 109¼ 112¾ 116.Ya 114 115¾ 115¾ Closing 115.¼ 114¾ 119¼' 114¾ 119¾ 112¼ 113¼' 113¾ 112½ 115¾ 115,4' 116¾ 115¾ 112 ¾ 113¼ 113¾ 112¼ 115¾ 115 115¼ 115 116¾ 113¾ 118¼ 118¾ 118),,( 118¼ 114¼ 115¼ 114).,( 115.¾ 116¾ 116 ¾ 112¾ 116¼ 116¾ 112¼ 116.J,4' 116¼ 111¾ 116¼ 116¼ 111¾ 114,½' 115¾ 114¾ 115¼ 115¼ 1143,( 116¼ 114¾ 115¼ 114¼ 116¼ 114¼ 'l:13¾ 116¾ 115¾ 115¾ 114¾ 114.¾ 115¾ 1;5¼' 114¾ 114½ 116¼ 118¾ 115¾ 115¼ 116J{ 114¼ 116¼ 116¼ 111¼' 111 114¼' 120¼' 117¼' 117.¾ 118!,( 116¾ 118¼' 118 112:'i 112¾ 115 116¼ 118.J,4' 115% 115½ 116¾ 114¾ 116 116¼ 110¾ 110~, 113¾ 117¼ 120 117¼' 117.¾ 118¼ 116.¾ 118¼ 117¾ 112¼' 112½ 114¾ 118 ,----Coupon Bond11.------.. 68 '81 61! '81 5-20s 5-208 5-20s 5-208 5-20e §-208 10-408 10-401!1 6s reg. coup. 1862. 1864. 1865. 1865n.1867. i868. reg. coup. cur. • 11/i¼ 119.J,( 116¾ 116½ 118 11& 117¼' 117.½ 113¼ 114¾ 114½ 118¾ 120¼ 117,4' 117¾ 119¾ 118 119,Ya 118¾ 115¼ 115¾ 11~¼ 116¼ 119¼ 116½ 116¼ 118 116 117¼ 117.½ 113¼ 114½ 114¼ 118.),(' 119.Ya 117.ir( 117.¾ 119¼ 117¼ 119 118¾ 114¼ 115¼ 114¼ AugustOpen'g 114¼ Hlgh'st 114¼ Lowest 114~ Closing 114¼ 118¾ 118.J,4' 117¾ 117¼ 119¾ 117 117¾ 120¼ 117¾ 117¾ 119% 117 117 119¼ 117 117¼' SeptemberO:pen'g 114¼ 117 Hlgh 'st 114¼ 117 Lowest 111¾ 112 Closing 111¼ 112 119¼ 119¼ 115¼' 115¼ 113¼ 113¼ 113¾ 113,¾ 118¼ 117¼ 118¼ 119 ll!l¾ 117:,i 119¾ 119 118:4 116¼ 118¾ 118 119 117 119 115 115½ 113¾' 116¼ 113¼ 110 llIJi 113¼ 113 112¼ 106 108¼ 109 111¼' 107½ 107½ 11Ht 113¼ 109¾ 109.Ya 113¾ 115¼ 110 112;.. 114 115 110 112¼ 108.½ 109¼ 103¼ 107 107¼ l(Y.)¼ 105 106¾ 109 111¼ 108¾ 108.¼ 108¼ 111 107.¾ 111 110 113?/a 109.¾' 113.¼ 112 114¼ 110¾ 114¼ 115 110 112 107 108,!,( 105¾ 107,¼ 106¾ 108.½ lo5¼ 108¼ 109 110¼ 108 110¼ 117¾ 118 116¼' 117¼' 119¾ 117¾ 116¼ 121 118¾ 118¾ 118,¾ 116 116 120½ 118.¾ 118¼ 118 120.½ 118 120¾ 115¾ 118 115¾ 117¾ lHl¼ 116¼ 119¾ October116¼ 111¾ 112 112¼ Open'g 108¼ 117¼ 112 113.¼ 115 High' st 1.09 116 109¾ 111 112.J,4' L owest 106¾ 117¾ 111¾ 113½ 115 Closing 106¼ MayOpen'g 115¼' High'st 116.¼( Lowest 115!,.( cw 8ing 116¼ 117¼' 120¾' 114¼ 114¾ 119 122¾ 116¾ 116¾ ll'i¼' 120.),( 114¼ 114~~ 118¼ 122.¼( 116¼ 116¾ 117¼ 1187' 117¼' 118¼ 117¾ 119¼' 117½ 119¾ 119¾ 121¼ 1197-f 1217, 118 120,½ 118 120 November113¾ 1153,( Open'g 108 111¾ 114¾ 116¼' High'st 109½ 114¼ 113¾ 115 Lowest 106,4' 110¼ 114.¾ 116¼' Closing 109¼ 114½ 112¼ 115¾ 1121,( 115.¾ 106¼ 109.J,4' 105¼ 109,l,( 106¾ 111 106¾ 111 June0 en'g 115¼' Jl1gh' st 115J{ L"lWCSt 114¾ eio 8in1? 114¾ December115¼ 122¼' 116¾ 116¾ 118¾ 119 121¾ 120 113 115 113¼' O:pen'g 109¼' 111¼' 117 123¾ 117¼ 117¼ 119¾ 120¼ 121½ 120¼ 113\g 115 114¾ Hlgh' st 113.J,4' 116¾ 115¾ 122¼ 115½ 116¼' 116,¾ 119 120,¾ 120 112¼ 112,¼ 113¼ Lowest 1093,( 111¼' 116¼ 122.¾ 116¾ 111¼ 118 120¼ 121 120¼ 113¼ 114 114.½ Closing 111.¼( 116¾ 116~ 121 116,½' 120¾' 112¾ 116 110?a 118~ 111¾ 111¾ 115" 115¼' 117.J,4' 117¼' 119¼ 120 111¼ 111¾ 114½ 115,!,.( 114¼ 115¼ lU' 119¼ 112 112M 111¼ 112,l,( 115¾ 114¾ 116¼ 114¾ 117¼ 118¼ 116¼ 11914 118¼ 114 114¾ 113¼ 117¼' 118¼ 116½ 119¼ 118;' 114 . 114¼ 113¾ 114¼ 110 . 111¼ 113¾ llJ 112 106 108,!,( AprilOpen 'g 115¼ High'st 116.J,4' Lowest 115¾( Closing 115' 116¾ 118 112¼ 113¼ 112,Ya 118¼ 112 1133,( 108 108 115,¾ 115.¼ 109 110 109¾ 111.½ 105¾ 106¼ 111¼ 112¼ 106¾ 108½ 115 116¼ 109 108¼ 108,~ 118¾ 112.J,.( 113¼ 114¼ 116¼ 109 108,½' 108¼ 117¼ 111~ 113 114-" I874. , - - - C.:,npon Bonds.---. fund 6s '81 6s'81 5-208 5-2f'8 5-20s 5-208 5-20s 5-20s 1:l-40s 10-408 68 coup. reg. coup. 1862. 1864. 1865. 1865n. 1867. 1868. reg. coup. cur. JanuaryOpen'g 111 1163,( 11"¼ 113¼ 115 115 116 115 116¼' 111¾ 113¼' 114¼ Htgh'st 113¼ 117.¾ 118¾ 114¼ 116¼ li7¼ 116¾ 118 118 113 11t¼ 115¼' Lowest 111 115.¼ 117 112¼ 114 115 114¼ 115 116 l 11¼' 113 114 Closing 113¼ 117 118¾ 114,¼ 116¾ 117¼ 116¾ 117¾ 117¼ 112.Ya 114¼ 115.1/a 5s '81 fund 6s '81 6s '81 coup. reg, coup. JulyOpen'g 113½ 116 117¼ High'st 113¼ 117¾ 119 Lowest 112¾ 115¾ 116}8 Closing 113¼' 117¼ 118½ FebruaryO · en'g 111.¼ High'st 114¼ Lowest 111¼ Closing 114,¾ 117¾ 120>.( lli¼ 119¼ 118¼ 121 118¼ 120¼ ll!i¾ 118¼ 115¾ 117¼ 116% 116¾ 116¼ 120½ 121 ¼' 11\J ¾ 116¾ llti}8 ll6 -~ 119¼ 121¼ 119¾ 117¼ 11-;'¾ 110¾ 120.¾ 1203' 111:l ¾ 117¼ lli¾ 110.¾ 11\1¼ 119¼ 113.!r( 114 116¾ 114 116¾ 115¼ 116.¼ 115¼ 116½ AuzustOpen'g 112¼ Hlgh' >'t 112¾ Lowest 112 Closing 112¾ MarchOpen 'g 114¾ ~igh'st 115¾ Lowest 114¼ Ulosing 115¾ 119¼ 119¼ 118.½ 11\J,¾ 119¾ 121 119.¾ 121 117½ 118¼ 116¼ 117¼ 118 120 US 119;-i 118¼ 119¾ 118 119¾ 119¼ 120¾ 118¼ 120¾ 118¼ 12 1¾ 118½ 119.Ya 112¼ 115¼ 112.J,4' 114.Ya 112¼ 115¾ 112¼ 115¼ AprilOpen'g 115.½ High'st 117 Low~st llfiJ-, Closmg 117 119~, 120,>.' 119¼ 12ll¼ 121¼ 122 120¼ 12t 118 119¼ l 'W.Y. 119¼' 118¼ n0¾ 121¼ 12').¼( 117¼ 119!.( 120¾ 119 118¼ 120.¾ 1~1¼ 120¾ 120¼ 120.Ya 119¼ 120.Ya 119¼ 120½ i19¼ HO½ 115 115 114¾ 114½ MayOpen'g 1153' B1gh'st 115½ Low~•st 115 Closrug 115.¾ 119¾ n0¾ 119¾ 120,¾ 121¼ 122 120 121¼ 115¾ 1!5¾ 115 115¼ 117¾. 118,Ya 11'1¼ 118¾ 117 111¼ 117¼(' 118¾ 120¾ 120¾ 120¾ 120.¾ 120.½ 12.J½ l l!l¼ 120~ 114¾ 115.¼( 114.¼ 115,l,( June-O_pen'g 115.¾ 116¼ 121¾ lligh'st 115¾ 117½ 122 Low~st 113 116¼ 121¼ {J!~E!lllg 1~4 ~!7 122 115¾ 115¾ 113¼ 114,1,( 117,l,( 117¾ 116.J,.( 111 r;s '81 https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis 120¼ 121¼ 119¾ 120¼ 119-.Ya 120,!,.( 119.l,( 120¼ ,----Coupon Bonds.---· .... 5-20s 5-20s 5-21J5 5. ~Os 5-208. 5-208 10-4Ca. 10-408. t5s. 1862. 1864. 1865. 1865n. 1867. 1868. reg. coup. cld. llf\½ 116 J{ 115¼ 115¼ 117¼ 117¼ 116¼ 117 116~ 117.¼( 117½ 113~ 114 116¼ 117¼ 118,!i( 11e~1 1l4 115½ 116!,£ 116 112¼ 112~ 116¼ ll'l¼ 118!4 112¼ 112¼ 115¼ ll'i¼ 1!5,¾ 117¼ 118¾ 111~4'. 115¾ 118¾ 112¾ 116 118,4' 1!1}~ 115¼ 118¾ 112½ 116 115¾ 117¼ 116¾ 117¾ 11rl¼' 117¼ 118¾ 110,¼' llli¾ 117¼ 119¾ 110¼ 116 117¾ 117.½ 109¼ 116¼ 117¾ lli¼ 110¼ 113¼ 114¾ 113¼ 114½ 111¼ 117¼ 117¼ 117¼ September116¾ Open'g 112¾ 117 Hlgh'st 112¾ 117.¼ 115.¼ Low~st 112 116.Ya 117 Closmg 112¼ 117¼ 111¼ 118¾ 112¼ 115¼ 116¼ 116¼ 117¼ 117.¼ 111 ·111¼ 117¼ 112¾ 115.1/a 115¼ 115 !,;C 116¼ llfi¼ 110½ 111¼ W:l ¼ 1!2¼ 115¼ 116 115¼ 117 117,l,( 111 lll¼ 117¼ 117¼ 117¼ 117½ 115 115¾ 114,Ya 115¼ October117¼ Open'g 112¼' 117¼ High'st 11.!¼ 116¼ Lowest 112~ 116¼ Closing 112,¾ 117.¾ 118 117¼ lli.¼ 118¾ 118.¾ 118 118¼ 112¼ 115¾ 111l¼ 115¼ 113¾ 116¾ 117¼ 116¾ 112¼ 115,¾ 116¾ 115¼ 113¼ 116¾ 117¼ 116¾ 117 117¥ 111 117,¼ 117.¼ 1!2 111 117¼ 111 117¼ 117¼ 111¼ 111¼ 117¼ 112¼ 11 8¼ 111½ 117 7, 112¾ 117,¼ 115¾ 115.¾ 114¼ 115¼ November•- · 116¾ Open'g 111.¾ 118 117 ~ High'st 113 119.ir( 116½ Lowest 111¾ 113 117¼ Closing 113 119!,(' 118¾ ll9¼ 118¾ 119.¼ 110¼ 112¼ 110¾ 112¼ 113 114¼ 113 114¼ 114½ 1161/a 114¼ 116¼ 117¼ 117,¼· 112 1:!0 119¼ 113_1/a ll'l¼ 117,¼ 111¼ 120 119¼ 113¾ 112¼ 117,¼ 114,Ya -119 111¼ 117,¼ 114¼ 119 116¼ 119¼ 112¼ 118¾ 122},{ 114¾ 115¾ 11\:1½ 112~ 118 1~ 114½ 114¾ 116 114,l,( 116 llfi¼ 119 120 118¾ 121 12-J 116~ 119,!,.( 119¼ 118¼ 120,¼ 1~ 118¼' 119¼ 120¼ 120¼ 114.¾ 114¼ 118¼ 120.Ya 121¾ 121¼ 11-1¼ 114¼ 117½ 119¼ 119.¼ lW 113¼ 113¾ 11:3 120,i. m 121 113¼ ll4 117¼ 117¾ 117¼{ 117½ 111 1l4 111½ 111½ 1m, 11~½ 112½ 115¼ 116¼ 116½ 117¾' 117¼ 111 114¾ 115¾ 114¾ 115¼ DecemberOpen'g m Hlgh'st 113¼ Lowest 112.¾ Closing 113¼ 116¾ 119 116½ 119 119¼ 120¼ 119 7, ~.¾ 113,¼' 115¼ 112¾ 1115¼ 114.li( 115].( 113¼ 115¼ 116;( 118 tltil( 118 45 UNITEJJ STATES SECURITIES. 5s '81, fund. 6s'81 coup. reg. JanuaryOpen'g 113¾ 118)4 Hig h',t 116 119}1 Lowest 113¾ 118 Closing 115¼ 119¼ ,----Coupon Bonds.---.. 6s'81 5 20s 5-20s 5-20s 5-20s 5-20s 5-20s 10-4011 10·40s 6s coup. 1862. 1864. 1865. 1865n. 1867. 1868. reg. coup. cur. 118¾ 114)4 116)4 118¼ 119 ¾ 115¾ 117½ 119½ 118¼ 114¼ 116 · 118¼ 119¾ 115½ 117½ 119½ 117¼ 118¾ 118¾ 119½ 117¾, 118½ 118¼ 119½ FebruaryOpcn 'g 114¾ High 'tit 115¾ Lowest 114¾ Closing 114¼ 119½ 120 115¾ 117¾ 119¼ 120¾ 116¾ 118 118¾ 119¾ 115¼ 1173,: 118%: 120 116.% 117½ 120¾, 120¾, 119½ 119¾ 118'°: 119½ 118¾ 118¾ MarchOpen'g 114¾ Hlgh'st 115½ Lowest 114½ Closing 115)4 119 120 118¼ 119¼ 119¼ 116¾ 117½ 121¾ 117½ 118Ya 119¾ 116¾ 117½ 121¼, 117½ 118>a 11!!¾ 12 1¾ 119½ 119¼ 118¾ 119½ 119¾ 120½ 118¾ 119)4 119¾ 120¼ 120 122 120 121 AprilOpen'g 114¾ H1gh'st 117½ Lowe t 114¾ Clusing 117½ MnyOpen'g 116 High'st 117 Lowest 115¾ Closing 117 119¾ 120½ lHl¾ 119¼ 118¼ 118½ 121¼ 119½ 120 118½ 119¾ 118 119.¾ 115 116½ 114¾ 116½ 115 117¼ 115 117½ 116¾ 120 116¾ 120 119¾ 113¾ 116¾ 119¾ 120 114½ 117¾, 120 119¾ 113¼ 116¼ 119 119½ 114½ 116¼ 119 119¾ 120½ l19 j' 120½ 113¾ 114½ 113¾ 114 119¾ 114 113¼ 115¾ 113¾ 114½ 118¼ 119½ 118¾ 119½ 115½ 119¼ 1237; 118¾ 121 121¼ 122½ 123~, 122½ 116½ 117¾, 124¼ 121 118½ 118½ 121¼ 119 \i 119¼ 119¾ 113¼ 115½ 119½ 121¼ ;23¾ 118¼ 121 121¼ 122½ 123¾, 122½ 116 117¼ 123¼, 121¾ 123½ 116¼, 122¼ 124¾ 117½ 121¾ 123¼ 116¼, 122¾ 124¾ 117 JuneOpen'g 117¼ 120¾, H1gh'st 119 121½ owest 117½ 120¼, Losing 118¾ 121 125¼ 126¼ 125¼ 120¼, 117¼ 118½ 117¼ 118½ 119¾ 121¾ 120¼ 122¼ 119¾ 121¾ 120½ 122,¼ 118¼ 118¾, 121¾ 118¼, 119¼, 122¼ 117¼ 118¼ 121¼ 118 118.Ya 122¼, 123½ 124¼ 123¼ 124 123 124¾, 123 124¼, 123 124 123 124 124½ 124 125½ 125½ 124¾ 124 125Ja' 125 FebruaryOpening ... Highest•... . Lowest . . •.•. Closing . .••.. MarchOpening ..... Highest ...•. Lowe~t .....•. Closing •.•••• AprilOpening ..•.• Highi-tst ....•. Lowest.....•. Closing ...••• MayOnPning .• ••• Highest .. ..•. Lowest..•..•. Closing .••... JuneOpening ...•. Highest...... Lowest ...... . Closing .•••.• 122 119?" 122¾, l!!-1¾ 122 120 123 120 122 122¾ 118½ mJ4 121¾ 123¼ 122¾ 123¾ 123½ 123½ 123¾ 123 ¼ 118¼ l:lO 122 122¾ 117 119¾, 121 122.¼ 123¼ 117¾ 119,1( 121 118¼ 1111¼ 11~¼ 11S¼ 119¾ 119,% 118¼ 118.Ya 121¼ 121¼ 121½ 121½ 123¾ 123,¾ 123 123 117¾ 119¼ 117¾ 119¼, 118¾ 118¾ 117¾ 117¾ 121,¼ 122 120¾ 121,- 122¾ 118½ 118¼ 122¼ 118½S' 119¾ 121¾ 117¾ 11~¼ 1.::t,¾ 118½ 119½ 121 122¼( 117¾ 121J4 122¼ 118½ 1t0¼ h2J:! 117 121¾ 122¾ 118¼ 121½ 12~½ 121¾ 122¼, 122¼ 114¾ 119 1./2¾ 115¼ 119¼' 122¾ 114¼ 118¾ 12,¼ 115 119½ 121 123 1211/a l , 3 1~0¼ 122%' 121¾ 122¼ 119 122¼ 115¾, 119¼ 121¾ 1231{ 122¼ 115¼' 119¼, 121¾ 12i 116¼ 121 122¼ 120¾ 124½ 116 ~ 121 123¾ 1:14)4 123¾ 124]4 119½ 1191,.{ 118½ 119½ 116¼ 122,¾ 125 122¾ 125 W ,¾ 116¼ 118¾ 118¼ •••• 119 .•.. 118¼ 118¾ 127½ 127½ 126~ 126,i,i 126½ 127 126¼ 127 119 117¼ 118.¼ 118 118¾ 117½ 118 118 ~ 117¼ 117½ 118¾ 117 . ... 117¾ 118½ 117¼, . . . . 117¼ 118>ft' 117¾ 118½ 126¾ 127¼ 126¾ 127½ 118¼ 117¼' . ••• 124¾ 118% 1 :7¾ .••• 126¾ 124¾ 1181/a 116¼ 118¼ 117¼ :::: 126¼ https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis 117¾ 122¾, 115¾ 117 115¾ 116¼ 116¼ 123¼ 121½ 123¼ . .•. 121½ 123¼ ... . . 120¾ 122¼, ..... 121¾ 123 ...•. 110¾ 118¾ 115 117¼ lf9J,i 112½ 114¼ 110 118 116 113½ 1 :4¼ 112¼ 113¼ 118J~ 114½ 112¼ 114¼ 119¼ 121 119¾ 120¼ 120 121½ 120 121½ 119¾ 119¼ 119¾ 119½ 120¼ 119¾ 118¾ 118¼ 118½ 119 120¾, 119¾ 120½ 121¾, 119½ 121¾ 121¼ 116¾ 117¾ 124½ 121½ 116¼ 117¾ 124½ 119 120¾ 118¼ 120¾ 120¼ 122¼ 120½ 122¼ 121½ 122¼ 120¼ 122¼ 116¼ 117 115½ 117 116¾ 1~0¼ 122¼ 116¾ 121 123¾, 115½ 119¼ 121¾ 116 120,Ya 123 123 123 122¾ 122½ 117½ 118 122 117¾ 118 122~ 116¼ 118 122 117¼ 119- '122.¾ 111¼ 108¾ 108¼ 107~ Hli¾ 109¼' 110~ 108¾ 108¾ 112¼ 113¾ 111¾ 111¾ 115¼ 116~ 114¾ 11~¼ 110¼ 111¾ 10ll¼ lOIJ¾ 118¾ 114¼ 113~ 118¼ 110~ 1'1¼ 109.1( 109¼ •·•• 1€\7~~ 108¾ 107¾ 108¾ 108 109¼ 108 108¼ 111¼ 112¼ 111¼ 111½ 113¾ 114¼ 113 113¼ 109.!,( 110¾ 109¼ 110¾ 111½ 110¼ 109~ 110¾ 109¼ 110.~a lll,1.( 110¼ ••• •••• •••• 109¼ 111¼ 108¾ 111½ 108¼ 110¾ 108¾ 110¼ 111¼ 113 11 l¼ 112¼ 113¾ 110¼ 111¼ 115¼ 112¾ 118 11:-iy. 11U¼ 111¼ 115¼ 112 ll~,\( 110~ 112.!,( 1!O~ 11:l ···• •••• •••• •.•• •••• ••• •••• • • •• 110¼ 111¼ 110?~ 110¼ 118 114¾ 113 113 ·~ 115 116 115 116 1!2~ 113 112¼ 1U¾ 118 113¼ 112 7, 113>.& 110¼ 108¼ •••• 110 ...• 110 .... 109¾ •••• 109¼ 113 113¼' 1 !2¾ 112½ 116¼ 116¼ 115¼ 115¼ 112 112¾ 111¾ 112,¾ 112¾ 111 113 112 112¼ HO¼ ll~¼ 112 •••• •••• •.•• •••• •••• 112 109 110¼ 108¾ •••• 111¾ 108¼ .••• 107 1083' 1116¾' 108,¾ 114½ 114½ 114¼ 114½ 116½ 116½ 115¾ 116¾ 118 124 116¾ 123¼ 117¼ 124 120½ 115½ 116¼ 123½ 121½ 116¾ 117¾ 123½ 117¾ 117¼ 117¼ 117½ 128½ 125¼ 123¼ 1~ 113 11371 11 1¾ 113¾, 116 116¼' 114¼ 116½ 114½ 115 114¾ 115¼ 113½ 116~i 114 115¾ 118 118 116¼ 113 114¾ :15¼ 113¾ 114¼ 110¾ 111¼ llO¾ 111¼ 1'25¼' 125¾: 1113 124¾, 113½ 111\¾' 118¾ 116¼ 112¾ 115½ 112,¾ 115¼ 117 117.¾ 116~ 117¼, 114 115¼ 113¾ 114 ¾' 115¼ 113¾, 113¾ 114¼, 111,¾ 113.Ya 114¼ 111¼ 111¾ 111¾ l !O 110 124¾ 124¼ J·,3¾ 124 115'{ 116¾ 114½ 116¼ 116¼ 118 116½ 118 112¾ 113¼ 111¼ 113¼ 113}' 112¾ j12 111¼ 110¾ 113¼ 113¼ 112½ 109¾ 109¾ 108 108¼ 1211{ 122.!,( 112¾ 113¾ 111% 113,¾ 120¼ 122¼ 41!, 6s,'81, ,---5-208 coupon--.. ,--10-40s.-..5s,'81,4¾s.'91,1907, 611, coup. 1865. 'ti5,n. 1867. 1863. reg. coup. coup. coup. reg. cur. ln¼ Opening ...•• 112 ltl 119¾ 128 117¾ 122)4 119½ 123 117% 119¼ 117.¾ 119¾, .... 116¼ 117¾ 122 . 119J' 119¼ 123¾: 116¼ 117¾ 122 119¾ 118¼ 123¾ OctoberOpPning . ...• 117½ 118 112¾ Highest . . ..•. 118¼' 119¼, 114 Lowest. .••• 115¾ 116¼ 11t¾ Clo1:1ing . .•... 117}~ 118>.& 113¼ November0\Jening ..... 117¾ 118 110¾' Highest .... .• 117¼ 118~ 110¼' Lowest . . ...•. 116¼ 117 109¾ Closing ...... 116½ 117 ll.9¼, December~ Opening .••. 113 11 116¾ 109¾ High.e st• . •.. 113¼ 117¼ 109¾ L 11west...••• 112¼ 115¼ 108¼ Closing .••• •• 113.Ya 117¾ 109,¾ July112 11~¾ 109¾ 119¼ 108~ l t,8.!,( 110¼ 114 114¾ 115½ 114¾ 115½ ,-6s 1881.-.. ,--5-20s, coup~n.---. ,-l0-40s .-.. 5s '81. 4½s'91 6s, reg. coup. 1865. '65, n. 1b67. 1868. reg. coup. coup. reg. cur. July126¾ Opening . ... 120 120¼ 116¾ 117¼ 119¾ 121¾ 118¼' 1181/a 117¼ 1~6¾ Highest ...... 120 120¾ 116¾ 118½ 120½ 12 1¾ 118¾ 119 118¾ 125¼ Lowest . .... •. lHI¾ 11!-I¾ 115~ 117¾ 119¾ 121 117¼ 118¾ 117¾ Clo~ing . .. ... 119,¾ 120), 115¼ 117.¾ 119,¾ 121¾ 118¾ 118¼ 118½ 125¼ AngustOpening ..... 119¾ 120¾ 116 117¼ 119¾ 121% 115¼ 119 117 125¼ Highest .• ..•. 119¼ 120¼ 116½ 117¼ 119¼ 121¾ 116¾ 119¾ 117,¾ 126¼ Lowest .... ... 117¾ 118 11219 113 116¼ 121 115¼ 118¼ 115¾ 125¼ Closing ..... 117¼ 118 112¾ 113 116¼ 121¾, 116¼ 118¾ 115¼ 126¼ SeptemberOpening ..•.. 117¼ 118½ 112¾ 113,¾( 117 118¼ 115~ 116 115¾ 111¼' 127 H1gbest ....•• 117,¼ 118¼ 113½ 113¼ 117 116¼ 115¼ 116 115.¼ 111¾ 127 Lowest . .••.. 117 117¼ 112¼ 113 116¾ 118!.( 114j' 115¼ 114¼ 111½ 126¾ Clo~ing .. .••• 117¾, 118,i,i 113½ 113¼ 116¾ 118¾ 114½ 115¼ 114¼ 111¼, 126¼ 48, 6~, '81, ,---5-20s coupon--. ,--10 4011.-,58, '81,4¼s, '91,1907, 6s, coup. 1865. '65,n. 18ti7. 186:l. reg. coup. coup. coup. reg. cur. JanuaryOpening •.•.. 114¼ Highest ...•• 114½ Lowest •.••..• 113¾ Closing ...•• 113½ FebruaryOpening ..••. 1-13¼ Highest ...... 114¼ Lowest ....•• lll¼ Closing ...•• 111¼ MarchOpening ..••• 111¾ Highest•• ... 113¾ Lowest...... 111¾ Closing . ••• lU,¾ AprilOpening .•••• 112¾' Highest•.•••• 114.!,( wwest.••..•• 112¼ Closing .•.••• 114 MayOpening . . ••• 114¼ Highest..•••• 115¼ Lowest .••..•. 114¼ ClosinJ?.. . • • • 1 ~5¼ JuneOpening ..••• 115 Highest.•.••• 115¼ ~ow~st•. •.••• 1!!¾ <Jlo:omg .•••• 1,a 118½ 120¾, 120~ 119½ 120¾ 121½ 118¾ 120 120½ 118¾ 120¾, 1207, .••..•..•. .........• •••...•... ••••.••••. 118½ 118½ 119 118 119 119½ 119¾ 118¾ 118¾ 123½ 125 123½ 123¼ 125 ]28 118,',{ lH¾ 1!8¼ 1161/a 119¾ 117¾ .... 125 118>.& 121¾ 118¼ •••• 127 123!,( 123¼' 122¼ 1~2.¾ 119¼ 120¾ .•. . . 115¾ 121 122 ..... 117 119¼ 120¾ .• . . 115¾ 117 120¾ 122 DecemberOpen'g 117¾ 119¼, 117¼ 118¾, 122 118½ 119½ 122¾ High'st 118 120 Lowest 116,¾ 119¼ 117¾ 118¾, 122 117¼ 119¾, 122.¾ <.Hosing 117 119¼, 124¾ 116¾ 119¾ 117¼ •••• 123¼ 123.Ya 121½ 121¾ 119 120 118 119,¾ 118 119¾ 120½ 122¼ 121½ 117¾ 120½ 122¾ 121½ 117·~ 117½ 118¼ 119½ 116½ 118¾ 120¾ 120 116½ 115¾ 116½ 115¾ 116½ ..•.. •.•.. . .. . . .... 123\{ 124¼ 123 ~ 122½ 123 122 122 122¼ 122¾ 117½ 120 SeptemberOpen'g 116¼ 120¾ H1gh'st 118¾, 121½ Lowest 116¼ 120¼ Closing 118¾, 121¾, OctoberOpen'g 118¼ High 'st 118¾, Lowest 116 ¾ Closiug 117½ 119¾, 119¾, 116¾ 116¾ 118¼' 118¼ 116 116 122¼ 123 120 120½ 122¾ 124 122¼ 124 117¾, 118 117 118 '81.-. ,--5-20s, coupon.--.. ,--10-4011.-.. 5s'i!1, 4½s '91 6s, reg. coup. 1865. '65 n. 1867. 1868. reg. coup. coup. reg. cur . 119¾ 120¼ 116¾, ·117¾ 122 122¾ 117¼ 119¼ 119¾ 120¼ 116¼ 117 122 1'2¾ 117¼ 119¾ AugustOpen'g 115½ Hlgh'st 117¾ Lowest 115½ Closing 117¾ ,----Coupon Bondia.-----. 68'81 5-QOs '5-208 6-208 5-2011 5-20s 5-208 10-40s 10-408 68 coup. 1862. 1864. 1866. 1865n. 1887. 1868. reg. coup. cur. NovemberOpen'g 116½ 121 Hlgh'st 117¼ 122½ Lowest 115¼ 20 ~ Closing 117¾, 122½ 116 117 115¼ 117 ,--6s January-. Opening .... Highest .. ..•. Lowe~t .... ... Closing ....•• 58 '81, fund. 6s'81 coup. reg. JulyOpen'g 118¾ 121 High 'st 118¼ 121 Lowest 114¾ 119 Closing 116 120 123¾ Highest .•..•• 112¼ 121 ¼ Lowe t ..• . ••. 111¼ 123¾ Closing .•..•. 112 August123),,( Opr nin~ .•••. 11'?¼ 123¼ Highest...••• l l2¾ 122¼ Lowest .•.••• 111¼' 1~2¼ Closing ....•• 111~ September122¾ Op ening .•••• 111 123¾ Highe~t ••.••• 111 l\!2¾ Lowest •••••• 110¼ 1237,i Closing .•..•• 110½ October121¾ 0-pening ..••• 110¼ 124¼ Htghe9t .• . ••• 110~ 12:3¾ Lowest .•••••• 109½ 124½ Cl.osing ••••• . 110~ November125¼ Opei:ing..••• 110" 125¼ Highest ••.••• 110¼ 12&¼ Lowest.•...•• 110¼' 125.Ji C1osing .•. . • 110¼ December122¼ Opening . ..•• 110¼ 122.¾ Highest .•..•. 111 Lowest•.....• 109¼ 122 122¼ Closini .•••• 10\l¼ •••• 106¼ 109¼ 112 •..• 107 109,¾ 112¾ •••. 106½ 108¾ 1 i1¼ ••• . 106¼ 109¼ 111¼ 112¼ 113¼ 113¼' 113 112 1123' 112 118 111¾ 109¾ 113¼ 109 'l 111½ 109¼ 113¼ 110½ 108,¾ 110¼ 108¼ 112¼ 108¼ •••• 106¼ 1€\9 .••• 107 1n!l¾ 10>¼ 108~ 106>.& 108¼ 110¼ 11•8½ 112 •••• 105¾ •••• 106¼ •••• 105¾ •••• 105¾ 11~~ 108¾ 109~ 110¾ 108¾ 109~ 109¾ 106¼ 107¼ 109¼ 106¼ 108¼ •••• •••• •• . • •••• 107¼ 108 107 107¼ 105¼ 107¼ 10!1" 105¼ 108¼ 109,¾ 105 106¼ 109¼ 105~ 108¼ 109X •. . • 105¾ .••• 106¾ •••• 105¾ ••• 106¾ 109¾ 110 109?(' 111½ 108!,4 110 109}.( 111¼ •••• •.•• •.•• •••• tOJ¾ lO!l¾ 108,\i' 1013¼ 106¼ 106¼ 105 ¾ 105~ I !2 112 111 111 111¼ 111~ 110 110 108¼ 109 108¾ 108¼ 105i'I£ 123¼ 106 126 10:'i¾ 123¼ 106¼ 125 105~ 109 105¼ 107¼ 104 107¼ 1043' 109 125 125~ 123~ U3~ 108¼ 10R~ lOR¼ F6~ 107¾ 105 107~ 105¼ 103 103 101~, 101½ 12.1 123" 120¼ 120¼ 105 105¾ 103¼ 105¼ 101¼ l02¾ 111 1½ 102¾ 1:>0it 120¾ 120¼ 120~ 107¼ ms~ 106¼ 105¾ 108,~ 108¼ 107 105¾ 107~i 108.!,( 106¾ 105½ 108¼ 108¼ 106¼ 105,¾ 102¼ 102¾ 102¼ 102,¾ 121¼ 122 1it].{ 12.2 107 107" 106¼ 107¼ 108¾' 108¾ lOfi,¾ 106¼ 107¾ 1C8¼ 107~ 1~].{ 103 109 10i¼ 107¼ 107 107~, 106½ 107.Ya 107 107¾ 105~ 105¼ 105 102¼ 120¾ 105~ 103½ 122~ JW 103¼ 101 103¼ 101¼ 120 46 UNITED STATES SEOURITIES. 18?'8. .JanuaryOpening .•..•.•• Highest .. . ..... Lowe•t... : ...... C.:losing ..••.••.• Febniary~enlng ........ ghest ......••• L0west.......... Closing ......••• Marchfilenlng ..•• . .• ghest .. ..••..• Lowest. ....•...• Closing ....•..•• 8s, '81, ..--5-S0s, conp.~ 10-40s, fill, '81, 4¼",'91, 4s, coup. '65, n. 1867. 1868, coup. coup. coup. coup. 6,i, cur. 106¼ 102¼ 105!,( 106¼ 107?i 1053( 103¾ 101¼ 1G73( 108,!,{ 106 109¼ 108¼ 106¾ 101,!,{ 102¼ ]06)( 102~ 105¾ 106¼ 1<Y1¾ 105¾ J03!4 101¾ 106¼ 10~¾ 105¾ 108¼ 1083( 105¼ 108¼ 102 118,½' 119¼ llS,¼ 119,½' 106¼ 103 106¼ 103¼ 105¾ 102¾ 105¼ )03~ 105¾ 107¼ 105" 107¾ 103,½ 104~103½ 1L4¾ 105¼ 106¼ 105 105¼ 108~ 108¼ xt04¾ 103¼ 102¼ 118¼ 109 1081/s 104¾ 103½ 102,1.( ll9½ 1C8 106¼ 103 102¾ Wt¼ 118¼ 108¾ 106¼ 1033( 1033( 102 119~ 105¼ 108¾ :x:103¼ 105¾ 107~ 109 105¾ 108¾ 103¼ l(Y'/3' 109 105J, 203 xtol¼ 101¼ 119 lOt.¼ 103 10!¾ ]H) 103 101¼ 100¼ 118 104¼ 103 101¼ 118 April- Opening•.••...• Highest ........ Lowest ..••.•••• Closing ........ May-Opening...••..• Highest ........ Lowest ..••.••.• Closing .••••..•• JuneOpening.••••••• H1ghei,t ..... . . Lowest ......... Closing ..•••••.• https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis 10'7¾ 104¾ 107J.a, 107¼ 104¼ 10'7¼ 1' 7 107¾ 104 lv/ 107¼ 10-i 107¼ · 103¼ 108¼ 104¾ 107J{ 103¼ 108¼ 1(16¾ Hli¾ JOO¼ 104¼ lll7¼ fie, '81, ,--5-20s-;- coup:---- 10-40!!, fis, '81, 4,¼s, '91, 41, coup. 165, n. 1E6i. 1868. coup. coup. coup. coup. July109 107¼ 104¾ x1003( 01,>eninf' ...... :x:107¼ :x:102¼ x105¼ :x:168 H1ghes . .. .. .•• 107¾ 10-2¾ 106¼ 108¾ 1G9¾ 107¼ 1' 4½ 10(1,.~ Lowest......... 107 102¾ 105¼ 107¾ 103¼ lOL¾ 104¼' 100¼ C,osin~......... 107¼ 1021/s 105¼ _ 108½ 109¼ 107~ 104¼ 100½ AugustOi;>ening .... _... 107¼ 1021/s 105 109¼ :x:106¾ 104¾ 100¾ 108 Highest •••.•...• 108,1.( 102¼ 105¼ 108 100¾ 109¼ 1(_)6¾ 105 Lowest ....•••• 1<Y1¼ 102~, lOt¾ 108 108¼ 106 104¼ 100¾ Closing ........ 108,Ji 102¾ 10:w 103 108¼ 106¼ 104¾; 100¼ SeptemberOJ.>ening .•• . .••• 1083( 1021/a 105½ 107¼ :x:106¼ 106\( x103¾ 100¼ 108~ 105¾ 10d 106¼ 106;.a'. 103¾: 100¼ 120¼ HO¼ 120 120¼ 120¼ 120¾ 11!1¼ 120¼ 119:% 119¼ t~~~~t.:::::::: 101,~ 102¾ 105¼ 107~ ]06 105¼ 103¾ 100½ 119¾ Closing .•••.•••• 107¼ 102¾; J05,!.( 107¾ 106¾ 105¼ 103¼ 100¼ 11\J¾ October- Y09¾ 105¼ 104¾ t03¼ 100¼ 117~ ~tng .•••••.• )10)9' i16 105¾ IC-8¾ lUO¼ 1l!l¼ ghcst ........ 109¾ l5¼ 104¾ 102¾ lOO}a' 117)( Lovc-.et ......... 110 106 !05¼ 1 •'1¾ 100¼ ll9J,( Closing ......... Nov<.'l!lber109¼ 105¼ ■104¼ lOa¾ 100¼ 119¼ Orf,entDf' .....•• 1 i 1g e1: .....• 109¾ 107¾ J.15¼ 104¼ 101¾ 12..: Lowest . ........ 109~ 1""i½ 104¼ 103¾ 100¼ 111) Clo~ir.g ......... 109~ W'l¼ 105,~ 104_¾ 101¾ 1.22 Decemlm·--- 107V, 105" :x:103¾ !Ol¼' :x:11 108¾ 104¾ 10:')a" 111) ]04¾ 101¾ 120;, )10~ 105¾ 108¼ 11 l4 109¼ 107 108,., 104¾ 107¾ 110 107¼ 105¼ 103¼ 101¾ 1 · ,1 104½ 101;~ t-v¼ 110¼ 105¼ 108¾ 111¼ 10!1¼ 107 102¼ 6s.1 cur. :Ii~~;~:::::::'. Lowest ........ Closing, .••••••• 1053( 107'' 107¾ 103 111'1¼ l03.J,( lOti¼ 108 ltl7¼ 10~¾: 105¼ 107¾ 10:s~ 102~ 106¼ 108 108,1.( 103¾ 106¼" 109¼ 108~ 106¼ 1081( 103¾ 105¼ 10<.:~ 103¼ 106¼ 1081/s 109)<! 108½ 109.¼ 106¼ 106 106¾ 106¾ 105¼ 1~!4 lOi:i¾ 106½ 103¾ x9!.l¼ 119¼ 1()(1¾ 120¼ 104 102¼ 9!)~ 119¾ 104 120¼ 100 106¼ x105 lOCi¼ 105 Hf7¼ 106¾ 121¼ 10-1 1ro 105!,( 100¾ 122 ] :, ~ 104 100 1053( 100¼ 122 107¼ 106"9 109¼ 108¾ !06¾ Jl)9¼ 107¾ 106¾ x104~ 100¼ 103¾ 106¼ 109¼ 108¼ 106¼( 104 109¼ 103_¾ 10~¼ 108 107¾ 106¼ 10! 109¾ 108¼ 105¼ 108 103¼ 106¼ -101¼ lOO¾ x119 100¼ 120¼ 100¾ 119 100¼ 1191' STATE SEUURITIES. PRICES FROM TO 1860 1878, INCLUSIVE. The dealings in State bonds prior to the year 1860 were upon a small scale as compared with the transactions of late years. The debts of Northern States were created in large part for war purposes, between l 861 and 1866, and in many ca8es were greatly reduced by payments during the ten years succeeding the close of the war. The debts of the Southern States remained substantially the same at the close of the war as they were at the beginning. Amid the unfortunate and disorganized condition of affairs attending reconstruction, bonds were issued and endorsements were made for railroadl:l , in some cases with reckless extravagance. Discouraged by the he·avy loads thus incurred, and claiming that fraud or carelessnes8 had much to do with these enormous issues, some of the South ern States passed "scaling'' laws, or have neglected their bonds and allowed them to remain dishonored. The Eleventh Amendment to the Constitution of the United States provides that the judicial power of the United States shall not" extend to any suit in law or equity commenced or prosecuted against one of the United States by citizens of another State, or by citizens or subjects of any foreign State." It is under the protection of this provision in the fund amental law of the land that States remain free from prosecution on their debts, and that State bonds become virtually obligations of honor only. In various ways the creditors of States have endeavored to bring suits for the collection of their debts, usually by bringing their action in form against a State officer, or by evading, through some other technicality, the direct suit against a Rtate ; but the United States courts have generally looked with disfavor upon such suits, and appear to be disposed to uphold the Eleventh Amendment in it:: i full scope, so long as it continues to be a part of the Constitution. One of the suits was that of" Self vs. J enkins, State Treasurer of North Carolina," in which a decision was rendered in th e United States Circuit Court of N ortl~ Carolina, in June, 1874, the opinion being given by Chief Justice Waite. In this action the facts presented a strong case for the bondholders, as they sought a mandamus against the State 'rreasurer to compel him to reimburse the special tax fund from moneys in his hands from taxes for general purpose~, and apply them to the payment of interest on the special tax bonds. The money collected under a special law to pay interest on those bonds had been diverted by an act of the Legislature, which th e Court ad mitted to b e unconstitutional, but no subsequent law had been passed to replace such funds, and the Court r efu sed to order the Treasurer to reimburse them from other moneys in his bands co1lected for general purposes. It is pretty well settled, therefore, by this and other cases, that the courts of the United States will not entertain an action brought by a citizen, direct,ly or indirectly, to recover judgment a~ainst a State. The only practical method yet adopted to give bondholders a remedy against repudiation by States, is that of making the coupons receivable for taxes, and when such a provision is ·e mbodied in the law under which the bonds are issued, it has b een held in Virginia to form a contract with the bondholders which cannot afterward be annulled by act of the Legislature. [Prices fro m 1860 to 1871 are co mpiled from sales, and since 1871 from prices bid on Friday of each week , at the New York St ock Exchange.] 1860. DESCRIPTIO N. Lowest. Ohio 6s, 1886 ... . . .... !0fi¼ Ken tuck 6s . . . . .. .. .. 99 Ill., Int. mp. Stck. '47 100 " " " \_n teres t. 100 Ill. 6s. ''i9, cou . ... . . .. 104¼ 1 18til. Highest. ,Ta n. Dec. Fe b. 1\1ch . May . 181i3. H ighest. Lowest. Aug. Jun~ Oct. Jul y. Sept. S'i Dec . 65 April .... .. . . ...... . .... 75 June 109 Feb. 97 Jan . .. . .. . . ... .... .. .... . 85¼' Sept. !J3 Jan. 7U,½'Jan. . . . . . .. . . . . . . . . . . .. .. 80¼' J an. 115 Nov... . . .. . . .. . .. . . . . .... . 100 Dec . . .......... .. ....... . . . . . . . . . . . . . . .. . .. .. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. . . . . . . . .. . 110 D ec . .. . .. . . . . . . .. . . . . . Ju ne 93 June . .. .. ..... 95 Mch. 77 Dec . 34¼ June .. .. .... . .. 36 Ap ril 83¾ Oct. 77 Mar. . .. .. . .... 81 Mar. 77¾ Ja n . 42 J an . .. . . . . . . . . . 49 J an . 105 Dec. 63 F eb . . ... .. . .... 65,½' Oct. 113¼ 106~.i 106¼ 100¼ 106¼ {~a~!!~~~~i:'e'nt:: :: ·sii·".fan:· ·ga··xu°g.· .75"'j~iy. .93...Ar;~il Mi chi gan (i per cent.. . 98 Mch. T enn eme 6 per cent. 64 Dec. 'l'en. 6 p. c. n ew bd s. .. .. .. .. . Virginrn 6per cent... . 73 Dec. 186:!. 106 1864. 18t.5. ·- -- - - -- - 1- - - - - - --1- · ~ - - ----- I• - - - - - - - Lnwe!'t. +~ llighest. Lowest. H ighest.. Lowe!)t. High est. .... ..... . ... . ... . . .. . .... .. ............ . . .. . . . .. . . . . .. . .. . .. . . . . . . . . . . . .. . . . . . . . . . . . . . . ..... . . ...... . ... .. Lowest. Highest. ... . . . .. .. . . ......... . . ...... . . . . . .. . . . . .. . . .. .... . .. . . ...... . . . ........ . ....... . .. . . ...... . .. . i~b: 1~!¾ ii;~· ········ "•........... ....... · ........... · .................. . · · .. · · · · · · · · · · · · · · · · · · · · · · · · · · · .. · · · · · · .. . · · ·" .. · · · · · · · ·· · · · · · · · · .57 "jaii·: "irijii:t\.;j,: ·ri2··Juiy: 64···:F~b- 50 .. Ma~: f: 2 .. . .49 . ..D.ec · ·rrs···Feb: ·,fr''jiiii'.. 64 " sei>t: 'w" ·jiii;.· ',j-a'''Nov: i,ic: 0 ~~·c afo1f~:r;~~-s ... . .iiji:oe~:'.. ioo .. sci>i: 4,f ..j~;_;e ·s2½ ·Feb.· 'iio· "jii~·.· ·14· .. jii~e 53 .. ·n'e·; .· ·so· ..iiar. ·49.. 'j iiii.· ..,ii .Aug: 58 .. 'jii~-_- ·s6· · ·nee: 0 ~: 8J~'ii>'e~i~f ~~;: :::: :: ::::· :::·:::::: : :::: :: ::: :: ·::. ::::::· :::: ::::::: :::: :: .: ::: .:::::... :: :::·::: :::: .:::::·: ··· .... ... •·• .... ···· ... .......... . 0 Mie~o!1ri6 p ercen t .. . fi1 L o~1srn~a 6 per cen t . . 94 Cah for11 1a 'i p <.> rcent . . 82 DESCRIPTIO N. __ Dec. J an. J a n. 8~½ June 35 1\fay . l 'i2 Jan. ,40 J an. 56.¾(F eb . /i!l,½' Dec. 75 Mny . ti0 fJ9¾ Oct. 45 !,fay. 77¾ Mar. 59 Jan. j 'i0 1\Iar. 55 Nov. 80 Mnr. 52 95 Sept. 71,½' .May 88 J an . 76¾ J a n . 116,½ Dec. 114 Aug. 1~9¾' M111· 123 lbGli. - -- ---~-- - - - -Ili-gbest. 18to7. ~ o_w_es_t._ Bi ghe_s.:_ Lowest. T enn. 6 per cent . . 84 Mar. T enn. do. 11ew bd~.. .. . . . . . . . . .. . Virginia 6 per cen t .. .. 60 Nov. Vn. do. ~ ew bds . ... .. . .... . . . .. N. Carolina 6 per cent. 73 Nov . N. C. d o. new ,bds . . . . .• . . . .. . . N . C. do. Spec.al T ax. . . . . . . . . . Mi11. o~u i 6 per cent. .. 71 Mar. Lou1 s 1 ana 6 per cent. . 80 J an . Ca liforn!a 'i ~er cent. lOti April Cori nect1cu t6s .. . .. , .. .. .. . .. . . Rhod e I i:: lond 6£1 . . .. .. . . . . . . . . . 100 June . . . .. .. . 72 J au. . .... . .... 88 J an. . ... .. . . . . .. . . . . . . 93¼ Dec . 100 Sep t. 12(1 Oct . . . ......... .... ... . .. x61 J an. . .. . .... 41 Mar. ... . .. . ... . 45 Mar. . ...... ... . .... ... . ... 86~{ Mar. 80 Feb. 115 J an. 98,½' Jan . !l9 Apr il 18ti8. J86\J. - -- -- - -,- - - - -L owest. Hiµhest. Lowest. Highest. Oct: 75;.i..Ap~i·l 51 F eb . 75 April 60 Jun . 167 .Au~. 112 1370. Lowest. '°-j,iar.' ·7 g·"ne·c: Dec. F eb . 80 May . 155 J an. 1871. Highe@t. _ L_oV1_·e_s_t._ ,_H_i_ gh_e_et._ 1 . https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis 'iO¼' Jul y. x59½ J an. 78¾ Jun e x49 7.( Dec. . . .... . ... . . .. .. . ... .... . . .. . . ... 40¾ Dec. 60 Jan. x43¾ Jan. 60 May . x47 Dec. . ..... . . . . . .. .. .. .. . . ... . .. ..... 49 S<.>pt. 60¾ Jul y. x50 Jon. 79 Jun e x4 0¾ Dec. . ......... . . . . . . . . . . . . . . . . . . . . . . . 27 Nov. . . . .. . . .. . . .. . . . . .. . . .. . ... . . .. . . . .. . . . .. . . 106 J nl y. 84 Nov. 108 F eb. 85 Sep t. 9() J an. . . . . . . . . . . . . . . . . . . . . . . .. . . . . . . 128 Dec. 1128 Dec. 134 Mar .......... . . 102 Sep t. ... ....... . . ...... . . . . . . . ....... . 100 :Mar. 1. . . . . . . . . . . . . .. . . . . .. . . . .. .. . . . Jan. x52¾ Jan. 70 ,Tuly. 69½ Jnn. 45¾ Mar. 6fl¼ July. 59½ Jan. x48½ Jan. 76 Mar. 6:3¾ J an. 57 Jan. 73 Mar. 66½ J an. x40 Jan. 55 July. 64 J an. 20¼ D ec. 36¾ July. .... . .. .. .. .. ... . . ... . ... . . . .. • • 96¼ June 85 Jan. 95 Jun e . .. .... . . . ........ . . ... ... . .... . .. . . .. ......... .. .. . ........... ~O .. .. .. . .. . . . ... . . . . . 61 D ec. 76 Aug. (il Jan. 'i6¾ Aug. 59 Oct. 74 · April 60¾ F eb. 75 1\1.ay. :n D ec. !il l..( F eh. 15½ Dec. 29½ F eb. 12¾ Dec. 21½ F eb. 89 Jan. !lfl¼ July. :.:.:::::: : ::::::: :::: . . . . . . .. . ... . ....... . . .. . . . ...... . . .... . . . ... . . ... . .. .. . .. ... . STATE SECURITIES. 48 1872. ----------,--------------------·-··------~------------,-----------I DESCRIPTION. JANUARY, FEBRUARY MARCH, APRIL, JULY. AUGUST. SEPTEMB'R OCTOBER. NOVEMBER DECElllBEII Low.High. Low.High. Low.High. Low.High. Low.High. Low.High . Low.High. Low.High. Low.High. Low.Hig h. Low.High. Low.High. g::::::::::: ~~¼= i:¼ g~ g~ gy g~ : gg ~i ~g g~ Alai~ma 90··: 90 .. 9Q°· ~~ : = 82 .. : 85 = s.f'- 83¼ 80 .. : = : ~~ = Arkansas 6s, funcled. 50 - 50 57 - 07 M - 55 54 - 54 54 - 56¼ 57¼- 57¼ 50 - 54 ~47 - 50 47 - 47 .•.• - .... 40 - 40 42 - O ~o 7stfptlkt :4 - 54 60 - 60 ... - .... i .. : 51 .•• - •...••• _ :::: 4 44 .. 42 .. - •••. 53 - 53 53 - 53 50 : 80•• Calif~rJi~ 7s•..••.•.. 11g :1f8 1fri¾:11~¼ 1fg :1f~ 110 -110 110 :11g 1fi :1~! '1ii":1ii" 1ff 109 1ici' :110 109 -109 Connecticut 6s. ••. . . . 98 -100 100 -100¼ 100 -100¾ 101Ji-101¼ 101 -101¼ 101¼-102 99 - 99¼ 99 -100 100 -101 101 -101 101 -101¼ 101 -102U Georgia 6s..... .• .... 70 - 77 75 - 75 .... - . . . . .. .. - . . . . 72 - 72 72 - 74 70 - 72 73 - 7:-J 70 - 70 74 - 75 70 - 70 70 - 70 do 7s, new ..... . ... : . ... 85 - 86 84 - 88 88 - 88 88 - 90 88 - 88~ 85 - 88 87 - 88 85 - 85 85 - 86 85 - 88 88 - 88 Illinois 6s, '77, cpn... 98 100 98 - 98 98 - 98 98 - 99 98 - 99 !-JS -100 9~ - 98 97 - 97 ...• - . . . . 98 - 98 98 - 98 !JB - 98)1 Kentucky 6s......... 95 - 98 97 - 98 98¼- 98¼ 97¼- 97¾ 98 - 99 98 -100 100 -101 99 -100¼ .... - • •• . . . 98 - 98 98 - 98 Louisiana 6s, Levee.. 62¼- 62½ 62¼- 62)f 62 - 6~ 67¾- 67½ 63 - 67 67 - 67 55 - 60 56 - 60 •••• - • • . . 60 · - 5() · 50 - 5·0 ... - ..•. do Bs of '75... '14 - 74 83 - 83 78 - 78 83¾- 83¾ 83¼- 83¼ 79 - i9 70 - 75 70 - 70 .... - . . . 70 - 70 Maine 611 ............. 100 -101 101 -101}( 101 -101¼ 100 -101 100 -1 1 O¾ 100 -100 99 -100 100 -100 100 -100 99¾-100.. 99¼- 99¾ 9g'. Massa.~hnsett_s 5s, ~Id 98¼- 98¼ 98¼- 99¼ 98¼- 99 99 - 99¼ 99 - 9~¾ 100 -100 100 -100¼' ll,O -100 99¾- 99¾ 99 - 99 98 - 98 98 - 98 os, g, 76 108¼'-108¾ 107¾- lOB¾ 108 -108 107 -107 105 -11.l.J .. .. . . . . .. - . . . . . . . . . .. . ... - . . . . . . . . .. . . . .. - . . . . .. .. - . ... Maryhnd 6s, Defenc·e 101¾-103 103 -10-l 104 -105 103¼-lOi¾ 104 -104½ 102¼'-105¾ 102¾-104 102 - 103¾ 102 -103¾ 101½-102 102 -103½ 101¼-103¼ Michigan 6s, 1873 •... 98 - 98 98 _ ·gs 98 -100 99 - 99 99 - 99 99 -100 95 - 97 95 - 95 95 - 96 95 - 98 98 - 98 95 -100 Missouri 6s .......... 95 - 97¾ 94 - 95 9l - 95¼' 95¼- 95¾ 95¾- 96}( 96Ji- 97,½ 94¼'- 94¾ 93 - 94 91¼-· 93 92 - 92,¼ 92,¼- 94¼ 94¼- 95 do H. & St. Jo St - 94 92 - 92¾ 92¼- 93 92¾- 94 93 - 93¾ 93¾- 9-l¼ 91¼'- 91¼ 90 - 91 89 . - Ql 89 - 91 91 - 91¾ 91¼- !12 New Hampshire 68 ... 99,¼-101 100¼'-101 !Ou -101 9!1¼-101 .... - .... .. - . . .. .. .. .. . ... 98 - 98 .. .. . ... 97¼- 98 97¼- 97¼ New York 6s, Boun, c 106 -J07 106~-106¼ 107 -107¾ 10i¼-lO'i 108 -109 108¼-109 105,¼-106¾ 107 -108¼ 106,½-108 105¾-107 106 -107 106){-108 do 68, Can, '73 106 -107 106 -106¼ 105 -106¼ 105 -106 107 -107¼ 103 -105 105 -105½ 105 -106 105 -105½ 104 -104 105 -105 103 -lOfi¼ do 5s, Can, '14 98 - !18 100 -101 101 -101 100 -101 100 -101 101 -102 100 -100 100 -100 100 -100 98 - 98 98 - 98 97 -100 NorthCarolina6s, old 32¼'- 34¾ 32 - 34¼' 35 - 38¼ 36 - 36¼ ,30¼- 36 30¼- 35 33 - 34 33 - 35¼ 31 - 33¾ 32" - 33¼ 33 - 36 34!,.(- 34X do 68, Fdg'66 23 - 2:~ 22 - 23 23 - 27 25 - 25 24 - 24 25 - 26 27 - 27 26 - 27 21 - 25 20 - 23 24 - 27¼ 27~- 27¼ do 6s, new... 15 - 16¼ 16 - 18¼ 17¼- 2-3 20 - 20¼ 20 - 20¼ 20¼- 22 21 - 23 · 20¼'- 21 20 - :.!0½ 17 - 20 19 - 21 19 - 20½ do 6s, ep. tu 12 - 12¼ 12¼- 1:3¼ 13¼'- 16 14¼- 14¼ 14 - 14¼ !4¾- 15 15 - 15 15 - 15 12 - 12 10 - 12 12¼- 14¾ 14¼- 14¼ Ohio 68, '75 .......... 100 -101 !O! -101 101 -101 101 -101 101 -101 100 -100 98 - 98 98 - 98 . . .. . . . . .. .. . . .. .. .. - .. . . 100 -100 p,.:nnsylvama 58, cpn 95 - 9fi¼ 96 - 97 97 - 99 99 - 99 99 - 99 99 -100 100 -101¼ 100 -101½ 100 -100 100 -100 97 -101¾ 97 -101¼ do 6s, '67, 5-10. 101¼-10!½ 101 -lO tX 101 -101,¼ 102¼-105 105 -105 105¼'-106¼ 105 -106 101¾-102½ 101 -101 101 -101 74 101¼'-101¼ 101)1-102¼ Rhode Island 6s.. ... . 99 -100¼ 100 -100¾ 100¼-100¼ 101 -101 101¼-101¼ '.02 -102½ 99¼- 119¼ 100¼··101 101 -101 101 -101¼' 101¼-101¼ 102 -102 South Carolina 6e.... 49 - 50 52 - 54 52 - 53 40 - 40 50 - 50 52 - 52¼ 52 - 56 50 - 56 40 - 50 45 - 50 50 - 50 50 - 50 do J & J 25 - 30¼ 29¼'- 32¾ 30½- 39 37¾- 38¼' 32¾- 3fi¾ 29 - 34¼ 28¼- : 9 29 23 - 25 23¼'- 26¼ 23¼- 26 24.l( do A & 0 22 - 27 26¼- 31 29¼- 34¼ 35 - 36 30¾- 33 25 - 32 26 - 26 23 - 26 23¼'- 25¼' 23½- 28 26 - 27JJ 25 - 25¼ Tennef8ee 68, old.... 63¾- fi6¼' f;5¼- 66¾ G6 - 67 66¼'- 70¼ 67¾- 73 72¼- 75 73¼- 74¼' 73¼- 74¼ 72 - 73¼ 72,¾- 75 73¼- 't5¾ 78 - 80¼ do 6s, new ... 63¾- 66½ 65,¼- 67 66¼- 67 66½- 70 67¼- 73 72¼- 74¼ 73 - 74,¼ n¾- 74¼ 72¼- 73¾ 72¼- 75¼ 73.~- 75'4 78 - 80)1$ Texas 108 of '16 .......... - ....... - .... 88 - 88 86 - 86 75 - 84 84¼- 85 86 - 86 86 - 87¼ .... - ........ - .... - . Vermont 6s .......... 1003{-101 1017,(-101¾ 101 -101 100 -100 101 -101 100 -100 100 -100 100 -100 100 -100 100 -100 100 -100 100 -100 Virginia 6s, old...... 50 - 50 52¼'- 56¾ 50 - 55 .... 45¼- 51 44 - 48 42 - 44 44 - 46 44 - 46 43 - 44 44 - 4" 1 · .. - ... do 6s, new .... 50 - 50 55 - 57 56 - 58 55 - 56 55 - 55 !>2 - 52 48 - 50 50 - 50¾ 48 - 51 50 - 52 51½- 54,½ tl2 - 116 do 6s, con50l.. 51¼'- 52¾ 55 - 57½ 54¼- 59 51¾- 54¼' 53¾- 56¼ 54 - 56 50¼- 52 50¼- 51 50¾- 50¾ 51 - 53 54,¼- 55Jia ~>(- 5l?f oo": so": ::¼ :i - -111 ar·: :1tf ::::: :::: 9e¼ 25¼- (23 - ··j .... - ... . DESCRIPTION. JANUARY. FEBRUARY MA.ROH. MAT. APRIL. Jmm. JULY. AUGUB'l'. 8EPT 1l\lBEF. OCTOBER. NOVEMBER DECEMBJ:B L~w High. Low.High. Low.High. Low .High. Low .High. Low.High, Low.High. Low.High. Low.High. L ,w.High. Low.High. Low .High. --------,-----57 - 57 .... - Alabama 5s, '83. ..... do 5s, '86... .. do 8s . . . . . . . do 8s, M. &E. RR. 1;;]2t ........ . ..• - • . . . . •. - . . 82 - 82 . . . . . . . . - . . . . 8-1 - 84 . . • . Ark~~sas, ~: '30· do 7s,L.R.&FtS. do 7s, M. & L. R.. do 711,L.R.P.B&N.O do 711, M.O.&R.Riv .... do 'ls, Ark. C. RR . .... Cal.fornia7s ............. do 7f', large bds ..... Connecticut 6s....... 99 Georgia 6s........... do 7snew ..... 85 do 7s endorsed.. . . . . Illinois, 6s, '77, cou .. 95 ~~ ~:ni~;'.:~19'.: iig do 6s, war loan. ... lnclinna 5s • K entnr.ky 6e...'.:::::· 95' Lou~s~ana~:i{e,v: : :: ...•• do 6s Levee. .. 50 = - . .. ... .. .. . ... . ... .. . . . . •• - ........ .... ... .... .... . 30 .. '35·: 40 35' = 39 ·· ::::: ·::· . ... - ....... . . ... - .... . ... - .. .. .... - ........ - . ... ... . • - ..•...•. - . ... - ........ - ........ - . .. . . . - . .. . - .... . ... - .... .. . . - · · · · . . . - ... 108 -108 108¼-109 110 -1io·· - .... 108 -109 108¼-109 110 -110 -100½ 101 -101 101 -101 101 -101 75 - 75 70 - 75 70 - 73 -90 89 -90 88 -88½ 87 -89 83 - 85 ... - .. .... - . ... - 97 96 - 97 96 - 96 95 - 98¼ - i* = ·05· = !if·, 96.: 9a·· -~~. - . ....... - ........ - ... . ... - .. . .97¼- 97,¼ 97 - 97.¾ 97 : .... 52 = ~~ ... ~ . = ~ .. : - 50 . .. . - . . .. . . .. - .. • . . .. . os· · = : - - ... .. .. - . . . . . .. - . .. . . . . . .. -~i~: ~~¼ 18 18 18 18 18 115 115 101 72 90 .. . . 95 ~~ .. ·9s· ........ . 97 ·97 :g . 40 . . . . .. .. - .... 45 - 45 .. .... - . . . . - . .. . . - . .. .... - .... 45 45 45 .... - 4/i 45 - 46 45 45 - 45 45 .. - .... .... .... - .... 20 20 20 20 20 110 110 99 . . .. 8!) .... 95 -20 - 20 - 20 - 20 - 22¾ -111 -111 -100 ~6:: ·ar, = 30 ·~s·: ~g' .25. = -18 18 -18 - 18 18 - 18 - 18 18 - 18 - 18 18 - 18 - 18 18 - !9¼ -115 115 -116 -115 115 -115 -102 102 -102¾ - 82 76 - 76 -91 90 -90 - .. . - . .. . - 95 95 - 99 18 -27 18 - 27 18 - 27 18 - 27 21 - 25 111 -112 111 -112 98 - 99¾ 72 - 72 86¼-88 .. - . 90 - 98 -90 - 95 os .. = g~·· ·9s· = ·9u· = !iii .. ·,lfj. = 95 .. - .... 95 - 97¼ 90 - 97 .... - •.•. - . . . . . .. = . ... !JS = . ....... - . . 95 - 97.¾ 98 99 95 -100 : 40 .. ::::: :::. ~~ = ~~ !~½= . . . . - . . . . .. .. - .. . . 53 - 55 .... ... . . ..• . .• . . - "39' = 39" :: .. - ........ - .. . .. . - ........ - . . .. .. . - . . . . 15 -110 . ... -109 100 -100¼ 97 -89 .. ·75" ·gs· - 95 :::: .... .... .... . ... .... 110 109 100 .... 89 ... . ... . . . . . .. . ... .... •. . . . . . . - ........ •• . . . . . . . . . . . •. .... ... . : ....... : .... -::: . 'is'-is'" - .. .. 15 - 15 - • .. . 15 - 15 - . . .. 15 - 15 - 15 .... - . . . . - ........ - .... -100 - .. . -100 100 -100¼' 69 • 61 -75 70 -80 - .... - .... 94 ·oo· !io· ·us·: os .. = 98 - 98 102 -102 .. .1• - •••• I0l -102 100 -100 95 - 95¾ = .... 55 - ii," ·ii) - 52,¼ :g½ .... : ........ 30 17 17 18 18 19 101 .... 100 65 85 - ..•. ..•• ..•• ...• = 30 .. -1'1' ·ss· - - 17 - 18 - 18 - 19 -104 - ...• -100 - 65 -86 ·os· - 95·. s5 90 102 .. .. 35 ·9s·: .... . 102 -102 . 1110 -100 38 = 88 .. : 9,1·· - 90 -102 - .... = 35 us·· :: : - :::: :: - .... !~ )!: ~f~i~~J.~:::. i~:_:_ :::: : :::: :~~- : ~:· :~o·: ~6:: ::::: :::: ::::: :::: :::: : :::: ::::: :::: -::. : :. :~;:: ~~:: -~~:: ~~:: ::::: :::: ::::: :::: l~g in·· ·os· : =oo·· = = 1 M.lc~~an ::: = ~~ do 6s, '8-3...... 95 - 97 .96. = 97,¼ .96. = 96 - 97½ 96 - 97 8 ?t!J!!:O~Lri 6~ •.~~~•::::: 92,¼= 92¼ 9i,½'= 94¾ "93;~= 95,¼ do H. & St. J. 89 - 90 90 - 92 90¼- 91 do 6s, Asylum 87 - 92¼ 92¼- 92¼ 94 - 94 N. Y. bount y, reg .... 104~i-l04½ 105 - 106 105 -106½ do do coup ... 105 -105 105 -106 105¼-105¼ do 6s canal, '7:J ... 107 -llJS½ 107 -110 110 -110½ do 6s do '74 ... 105 -107).$ 107 -108 105¾-107 do 6s do '75 ... 105 -106 ~ 107 -108 105½-107 do 6s do '77 ... 105 -106½ 107 -107 105¼-107 do 6s do '78 ... 105 -106,.l!; 107 -107 105¼-107 do 5s do '74 ... 100 -103 103 -10.5 103 -105 clo 5s do '75 ....... - .... 103 -105 101 -101 do 5s do '76 .. ..... - .... 103 -105 101 -101 do 6s dogold,'87114 -114 113 -113 115 -118 N. Caro iina 6s old.. . 33 - 33½ 28 - 28 31 - 31 do 6s N.C.RR.cr u 57 - 58 60 - 60 6!) - 60 0 6 rd/~~t.e'~6~ .~ ' 40·: 40•· ~~ : ~ do fd g act, '68. . 20 - 20 - .... - . ... do n ew. . . . . . . . . . 15 - 19 17 - 18¾ 17 - 17 do 6s special tax. 10 - 10 10 - 14}4 12 - 12,1{ lhio 6s, '75 .......... 101 -101 - ........ - ... . do 6s, '81.. . •.•... 100 -102¼ 102 -104 104 -104 do 6~, '86 .......... 102 -103¼ 103 -106 106 - 106 Rho tle I sland Gs.•... 100 -100¼ 1C0¾-100J~ !00 -101 S. C11rolina 6s.... .. . 40 - 40 - .. ...... - . . . . do J. & J... 21 - 22½ 20 - 22¾ 17¼- 20 do 6s, A. &O 22 - 24¾ 23 - 25½ 19 - 22½ do fd g act,'Gi 24¼'- 2474 22 - 23 18 - 22 i~ 95 : 95· 95 - 98 .96.: 96 97 - 97 ~~74= ~~¾ 90 - 90.½ 93½- 93½ 105¼-106 106 -106 106 -106 105¼-106½ 105¾-106½ i:, ·~s·: si"' Ten~~ssec i1~~: : .79¼: do 6s, n ew .... 78 - 80¾ 78¾Texas 10s of '76..... 73 •· 73 'l3 Virginia ~s. old ...... 45 - 45 45 do 6s, new... .. 50 - 57 50 do ~. consol .. 54¼- 55¾ 54¼-; dn 6s, ...cferred:.} ~ ~ 4 - https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis 16 - 17 13 - 14 JOO -100 104 -105 106 -107 101 -101 25 - 25 17 - 19 22¼- 28 20 - 20 17 - 17 12½- 15 100 -101 103 -105 106 -!07 98 -100 25 - 25 14¼- 17¼ 20 - 28 15 - 17 . : : : : : : : = .. . . 20 : 20 ::: : = .. :: 82.. ·soY.= 84¾ 82 75 47 50 55¼ 1-:1~~ 80 7,;- 85 69 - 69 44 - 45 r;i - 51 55).(- 56¼ 14 - 14½ ·02 =of. 96 = 95'" 95 92 - 94 95 - 96 95 - 95 93¼: 9f .. 93Ji: 96¼ .92¾= 93¾ 9.0 - 91 92 - 92½ 88 - U2 93 - 93¾ 94 - 94 91¾- 91¼ 105¾-106½ 102¼-107 104¼-106¼ 105¾-106¼ 106¾- 108 104 -105¼ 109 -113 111 -113 112 -113 106 -107 107 -108 106 -111¼' 106 -107 106 -108 106 -108 105¼-106½ 106 -107 106 -108 106 -108 105,½'-106,½' 106 -107 106 -109 106 -108 104 -104 103 -104 104 -106 ..•. - .... 102 ½'-102,;i 102~-102¼ .... - .. . . ..• - .... 102¼-102¼ 102¼-102½ .. .. - ........ - ..•. 118 -118 118 -119 119½-11 9¼ 106 -107 25 - 30 27 - 29 24 - 28 26 - 27 .... - .... . ... - .. .. . .. - ........ - . .. . 1t': 1~½ 'ii;'= is" .is': is·· 16 - 16 17¼- 17¼ i~ Ld ~/891.l~ . ::. = : : :: :::: : 0 '95': 95 98 - 98 0 ~ ~~~ .78½: foi : 78 - 80 69 - 69 42 - 44 49 - 49 50 - 53¾ 13 - 13;!~ 79 69 43 49 53 10¼- i6. : is" ' 'ii;'= i6" ·go': 93" 89¾- 90 90 - 91 104 -105 1047-(- 105 112 -113 111 -112 107 -108 107 -108 107 -108 107 -108 103¼-103,½ 103¼ - 103¼ 107 -116 27¼- 27¾ 40 - 54 r~ = 15 - 15 l3 - 13¼ 98 -100 100 -102 100 -103 98 - 98 25 - 28 is - 16 !,.{ lH.(- 15¼ 20 - 2ti½ 20 - 20 16 - 16 17 - 17 :g = :g .20. .78¾= 81 ,½ 78 69 77 431 43 150 50 54,¾ 54¼;'12H 8 - 15¼- 15¼ J3 - 13 100 -100 100 -102¾ 102 -102,¼ 98 - 99 31 - a2¼ l•i - 15 2 23¼ 1u 20 = 20.. =~ si·· 79% ·so·= 79 80¾- 81 77 - 1 -_ ~g Bl = 81 76¼43¾ '4.2· - 43° · 42 50 50 - 50 50 54~i 52¾- 53¼ 51¼10¼' 10 - 10¼ 11 - = 9i¾ 88 - 88 ici4¼-l05. · 104,¼-105 112 -112 111 -111 106 -107 106 -107 106 -107 106 -108 ... . - ... . ~ • . .. . .. 27 27½ ... . - .... 85 90 85 - 90 85 : 88 'g6' = 87,½ 82 - 84¾ 79 - 85 84 - 85 82¼- 84 102,½-104 103¼'-103¼ 103¼-103½ 103 -103'' 105 -105 105 -105 103 -108 105 -107 106 -106 105 -107 106 -106 105 -107 100 -106 105 -107 100 -106 105 -108 .... - ........ - .. .. - .... 100 -H;0 113 -113 110 -113 20 - ~2 20 - 22 · 25 - 25 28 - 30 95 95'' 95 - 95 "92' : 92¾ 88 - 90¼' 89 - 89¾ 101¼-104¼ 104X-106>, icia' -108 .. 103 -106 103 -106 103 -106 103 -108 . .. - ... . - ...• 110 -113 23 - 24¼ 30 - 35 1~¼ .iG¼= i6hi' i~ = i~ :~. =~.. i~ 16¼- 17 17 - 17¼ - .. .. 17 15¼- 15.¼' . ... - . . . . 15¼- 16 15¼- 15¾ 12 - 17½ 98 - 104 100 -105 !02 -105 100 -100 .. - . . . '9i' -~() 90 - 90 16 10 ... . 100 - 16 . - 11 ·io · - ....... -100 . . .. - ....... 100 -100 3~½- 32¼ 23 14 - 14 9 27½_- 27;1 _19 18 12 : = = ;3 .. :: ........ - .. . . 10 5 - 6½ .... !)5 - 95 .. . . 99 -100 . . . . 99 -100 99 - 99 26 22 - 25 11 8 - 8¾ ... 13 ·il,M- ii.½ 81 85¼42 50 51¼12 - 81 ¾ 85½ 42 50 51,½ 12 71 ... 32 35 44 7 - "ii' - i-i .. : : : : . : : : = • . .. . .. . : .... 82¼ ·si¼: Si¼ ·5g·: 73'" 82¼ 86 43J{ 50¼ 53 ~ 12 =~ - 18 14 - 16 9 - 9 99¼- 99¼ 99 -100 100 -100 22 - 24 9J~- 11)1 - .63¼= 62¼'80 36 82 40 35 48¼ 44 8¼ 7 - 72 ~~:: 72 80 34 40 50¼ 9 -~~~: i~~ 74¾82 34 ~ 40 49¼'~.½- 81 85 37 40 50)1 9)1 4-0 STATE SEOURITIES. 187''-l. SECURITIES. JANUARY FEBRUARY MARCH. AUGUST. SEPTElllB'R OCTOBER. NOVEMBEU DECEMB°i:B JULY, JUNE. APRIL. - ----1-----1--- --11----1---- Low.Hlgh. Low.High. Low .High. Low.High. Low.High. Low.High. Low.High. Low.High. Low.High. Low.H:gh. Low.High. Low.Hig1: Alabama 5s, do 5<', do 8s, do 8!!, 18'33 . .. .. 1886. . . • • 25 18:l6 .• .•..... 188S ......... 8 Ark~1~s!s 6::r!!a.~~: ·ao· do 7s, L.R. & Ft.S 15 do 7s, M. & L. R... 15 oo 7s,L.RP.B.&NO 15 do 7s, ?ii. o. & R... 15 do 7s A Cent RR 15 California is ...:.. ..: 110 Con~~dt!c~tri:.: ::::: Georgia. 6s . ....... . .. do 7s, new . . . . do 7s, endorsed do 7s, gold. .. • Illinois 6s, cou., 1877 . do 6s, con., 1879. do 6s, war loan.. In di~na 5s. . . . ..•.• _ - ..... . . . 25 . . . . ......•. .......• - 32 .. 33 - 20 23 17 21 20 1G :111 ·97· =1oi" 65 - 65 82 - 84 77 - 71 50- 50 95 - 95 95 - 95 95 - 91 100 -100 i~·~t~~;a: ::::::::: .:~. = clo 6s, new.... . . . do 6s, new fie. dbt do 7. peniten .... "· do 6s, LLevee . . . . . . do 88 , evee. . do · 8s, Lev. of '75 . . . . do 8s of 1910.. 26 Michigan 6s, 1878-7'9.. 94 do 6 , 189.'3... . \!4 do 7s, 1890 .... .... Missouri Os, due 1874 . 90¼do 6s due 1875 16 ..•• iii" ii~75 87' 77 i0 96 9ti 96 100 :~ .. 100 .. .. .... ... . .. . . . ... .. .• . . . ... . ... . .•. 26 95 '95· 95 95 . . . . ... 93½ 92 - ••••.... . . •. . . . . • , ...• .. • . ... . ·· = 35 .. - 16 - 16 - 16 - 16 .. 16 -112 : 34 .. 30 - 20 lo 16 - 16 16 - • • • . 16 16 =1i2·· m =m¾ - 75 - 87¼ - 78 - 65 - 96 - 96 -96 -101 . . . . . .. . ••• ... . 40 . . . . 4() 0 32½= 32¼ 16 - 16 16 - lr. 16 - 16 15 - 15 15 - 15 113 -113¾ ioi" =1oi .. 75 - 75 87 ¼- 87¼ . . . . •- . . . . !17 - 9,j," · 97 - 97 . ••• •. . . .. 101 -101 ~~~- =1~-•. . . . • •• - ....... - ..•..... - .. . . .. .. - . . . . •. • - •... . ... - 9f .. 97· - 96 97 - . • . . 95 - 95¼ !J4 - ••. . - . . •. . • 40 - 40 40 •· 40 · ioi· 75 89 79 • 97 • 97 98 101 0 -1~2,¾ - 'i5 - 89 - 79 - .... -100 - 100 -98 -101 - .. . . ... ·· - 40 : : : : - 40 .. • :g13 -= 1814 13 - 14 13 - 14 13 - 14 13 - 14 112¼-113 iof 75 89 77 71 100 100 100 101 ~~- =103 .. - 76 - 89¾ - 79 - 79 -100 -100 -100 - 101 =1~ .. -~~- =9~·-· =l~- . . . . . ••• - . . • . . . . . - . . . . - ......•• •· ........ - . . . . - ... ... .. - . ... .... - .. . . - . . . . . .• - . .. . .. . . - . . . - .... ... . - . ... ... . - .. .. ~ . ... .. .. - . . . . .. . . . . - .. •... .. - . . . . . . - . . . - 07 97 - 100,½ 100 -101,¼ - 97 97 -100¼ 100 -101½ - 95 99 -101 100 -103 - 95 94 · - 94¼ 94¾- 97 J - - - ....•.•• - . . . • - : : . : 45 - 45 - . . . . 45 - 45 ·25· = 25·· 30 30 45 45 - 30 30 45 30 - 30 30 - 30 46 - 46 30 - 30 30 - 30 45 = ·io· = i5 .. io· = i5. . 8 if 18 - .. . 5 - 6 8 ·· 11 9 8 - 8 6 - ti 8 - 11 9 8 - 8 6 - 6 8 - 11 12 8 - 8 ti - ti 8 - 11 12 8 - 8 6 - 6 8 - 11 12 110 -112 110 -110¾ 110¾-111 111 .... - . . . . ..• - .... 10 - 10.. 10 - 10 112 -112½ 103¼=103¼ ioi" =102¾ 75 - 75 75 - 75 90 - 91 88¾- 89 80 - 80 80 - 81 80 - 80 100 -102,½ 100 -100 100 -102½ 100 -100 100 -102,¼ . . . . . ... 101 -101 101 -101 lO'i,¼=102¼ 77¼- 77¾ 89 - 89½ 80 - 80 . ... - . . . . 100 -100¾ 100 -100½ 100 -100,½ 100 -101 1gg =1g~ 20 - 20 20 - 20 15 - 20 15 - 2v 20 - 20 20 - 20 :20 - 20 101¼-102½ 101½-102¼ 100 -101 98¼- 99 9P. - 98½ =1gg 1g~ :1gg - . . . . 20 20 - . . . .. ... - . . • - .•. . ..•. - .... : "" 22 = 22 "° 22 22 - . . . . ... - . . • .. .. - ... i00,½ -101 l01 -102¾ l00½-101 101 -102¾ 101 -101 102 - 104 99.½- !19¾ 99¼ -99¾ 9S,¾- 98½ 98 - 99 . ..• .. •• .;,. 2., .••• 38 - 39 88 , 39 50 - 50 . . .• - .. .. = 2i'° ·20· - 9 8 - 12 8 - 8 8 - 8 8 - 8 8 -114 112 = 21·· - 12 - l! - 12 - 12 - 12 -114 = 16 - 12 - l.2 - 12 - H - 12 -112 20 9 12 8 8· 8 112 =104·· - 76 - 89 - 82 - 72¼ -10U! - 101 ¼ -101,J,( -101 i(i4" ~1()4_¾ io5· :100"' 76 88 82 x72 101 101 101 101 75 - 79 8\1 - 90¼ 82 - 85 73.J,(- 75 102 -102 102 -102 102 -102 101 -101 1g~ 21 • •.. 20 : =1i -· 22 - . ... - 20 : i~¾ =1~ - 25 21 - 21 21 - 22 :; : ~ 103 i02¼=103¼ 73 - 75 89¼- 89,¾ 80 - 80 75 - 75 100 -100½ 100 -100¼ 101 -102 101 - 101 8 1~g . •• ~b¼=1~ 20 - 20 .•• . - . . . - .•. : 20 :, 20 22 22 22 - 22 .. . . 100 -10i . . mo -101 100 -101 9:i - 9g;,; 91 - 98 30 - 38 30 - 38 45 - 45 47 - 48 . ... ·· •....••. - •..• 40 - 45 1 I~22 . ... - . . . . • • •. - . • • 102¾- 103 f02¾-103 103 -104 100 -101 99¾-101 27 - 28 · • ·• · • • • • 103 -103¼ 103 -103¼ 101 -103 100¼,-101¼ 100,¼-101 79 - 80 91 85 75 102 102 10-2 101 1: - 92 •· 87 - 77 -102 - 10! -102 - 101 =1g: 24 - 25 21 - 21 21 - 22 25 =: 25 25 25 25 - 25 • .• • •·· 103 -104 103 -104 101 -103 101¼-102¼ 101¾-102 !~ iti~Hiif ::: =:::: ;;;; =:::: ::~~ ~ ~:::) =) :::: =:::: fi =~! ~: =!:~ !i =ii IL=~!~ i ~=~!! !f =!~ it= it ~~ ~'d~~du :~g4 ··· - ···· ···· - ···· ::::: :::: .::: =:::: ··· - ···· .... - .... :::: - :::: ·92¾= 9~~i :::: - :::: ~t¼= ~;¼ ~~ == :¼- ~~~ do 6s, due 1879. . ... - •••. . ... - .. ... ... - . . . . 97 - 97 93¼- 93!.{ .... - . . . . 93¼- 94 95 - 95 95 - 96 97 - 98¼ 6 1 fdg do long .due '81-'m . . . . .. .. .. .. . ....... - .•.. .. .. - . . . . . . . . . . . . 96¾- 97 92¾- 94 92¼- !:.13 03 - 94 94 - 94½ 94¼- 96 97 - 98¼ do A ·ylnm, due '92 87 - 89 8~ - 91 ½' 90 - 90¼ 90 - 90 90 - 94 95 - 95¼ \JO - 9() •••• - •••••••• - • • • • 92¾- 98 93 - 93 95 - 953' st 9 92 Uau.1 0 -~~~= ½ - ~~~= :~~ ~~ ·iri· 97 .. ·gs·: gg"· "9g" 98 .. iiii" :1oi .. ioi" :102°' do due '76 .... - ........ - .... .... - . . . . . • . - ........ 97 - 91 95 - 95.. 96 - 96 97 - 77 96 - 9fi 96 - 98 99 - 9!l" do due '8ti .... - . . • . • •. ...... - .. . .... - ....•... - . . . . 94,¾'- 95 91¼- 92 91 - 91 91 - 91 92 - 92¼ 93,¼- 94 95 - 95 do due '87 . - . . . ... 94¼- 95,½ 91¾- 9·l 91¼- 92 !l1 - 91 92 - 93¾ 93¼- 94 95 - 9& New York B'tyln, reg 103¾-105½ l!n -107 !06¼-100¾ 106,½-106¼ i07¾-tio .. IOti -106 106~4 -106¼ 106 ¾-107 107.).(-107¼ 107,¼-108¼ 10 ¼'-103¾ 105 -108" do B'tylu,cou 103,J,f-105½ 105 -107 106¼-107,;o,; 106¼-107¼ 07¼-110 .. . . .. . 105 -106¾ lGG¼-107 107.¼(-107,¾ 107,¼-118,½ 108;,(-108¾ 108¾-109 do 6s, Can, '74 105 -111 110 -112 111 - 1 !3 110 -111 !10 -110 !OR - 110 106 -109 106 -110 108 -llO 108 -103 do tis, Can, '75 Hl5 -109 100 -110 110 -110 110 -110 110 -110 106 -110 106 -109 106 -11'1 108 -110 108 -110 iio· -liO .. ios° -110 do 6s, Can, '71 105 -109 100 -110 110 - 110 110 -110 110 -110 106 -llU 106 -109 106 -110 10~ -110 108 -110 110 -110 108 -110 do 6s, Can, '78 105 -109 100 -110 110 -110 110 -110 l!O -110 !06 -110 H'6 -109 106 - i lll 108 -110 108 -110 ltf! -110 108 -110 do 6s, gold, rg, ' 7 . . . . ....... - ........ - ... . 112 -113,¼ 112 - 112 110 -110 108 -108 110 -110 108 -110 110 -114 110 -111 110 -1011 do tis, gold, cp, '87 110 -111 110 -113¼ 112 -11 2 112 -113,½ 112 -112 110 -110 1(18 -108 110 -110 108 -110 110 -114 110 -11 t 110 -115 do 6s, gold l'n, '83 ...• - ........ - . . . . 112 -112 11:l -112 110 -11' 108 -1r8 108 -110 108 -112 110 -114 110 -ll1 110 -110 do 6s, gold l'n, '91 .... - . . . . .. .. . .. . .. . . . .. 112 - 112 112 -112 110 - 110 11'8 - 108 108 -110 W9 -112 113 -116 115 -115 112 -115 do 5s, Can, '75. 100 100 l GO -103 103 -108 103 -103 105 -110 103 -106 105 -11,5 105 -106 104 -106 107 -JU8J~ 108 -109 106 -108 rlo 5s, Can, '76. . . . . .. .. . . . 10:3 -103 lf\5 - 110 103 • -106 105 - 105 105 -106 104 - 106 107 -108½ 108 -109 106 -108 N.Carolina6s O,J&J 23 - 29 ·2g · - 2 . 28 - 29 24 - 28½ 20 - 21 18 - 20 18 - 19 18 - HI 19¼- 20¼ 20),(- 22½ 23 - 30¼ 20 - 24 do •is, O. A&O 25 - 27¼ 20 - 27 28¼- 28.), ~ - 29¼ 20 - 21 lS - 20 18 - 19 18 - 19¼ 19¼- 20 20 - 22),( 23 - 30¾ 20 - 23 do 6s,N.C.R. J&J 35 - 35 31 - 38 3~> - 42 35 - 46 40 - 44 35 - 35 35 - 40 40 - 40 40 - 42 41 - 42 41 - 52 50 - 50 do 6s,N.O.R.A.&O 33¼- 34 35 - 35 35 42 35 - 44 35 - 44 35 - 3 i 35 - 40 40 - 40 40 - 42 41 - 42 41 - 52 f>0 - f>0 do 6s, N.C. R., cp. otf, J.&J. 25 - 25 25 25 25 - 31 25 - 32 27 - 28 25 - 28 25 - 28 25 - 25 25 - 30 ao - 30 30 - 37 35 - s~ do 6s, N .C. R., cp. off, A.& 0. 24 - 25 25 - '25 25 - 30 25 - 32 27 - 28 25 - 28 25 - 28 25 - 25 25 - 80 3C - 30 30 - 37 85 - 35 do 6s, fd~ ar.t, '66 18 - 22 2.3 - 24 26½- 26½ 26¼- 26¼ .. .. - ... .. ... - ........ - ........ - . . • . 15 - 17 14 - 16 16 - 21 .... - ..•• 'do 6s, fdg act, '68 17¼- 22 24¼- 24¼ 26¼- 26 ,1., 25¼- 25¼ ...• - .. ... .. . - ... . . ... - . .. ... .. 14 - 17 14 - lfi 16 - 20 15 - 15 do lis, ncw,,T. &J. 14 - 18 16 - 19 20 - 21 1..., 21 - 21½ ...• - . ... 12½- 12¾ 11 - 11 10 - 10 10 - 12¼ 12,¼- 13 12¼- 15.!,( 10 - 12~ do 6s,ne,v,A.&O . ... . - .... 16 - 19 20 - 2!¼' 21 - 21¾ ... . .. . .. .. . . .. 11 - 11 10 - 10 - .... 10 - 10 10 - 14 10 - 12¼ do 6s, ap. tax, ~1.1 8 - 11¼' 9,¾- 11¼ 8¼- 9 9 - 9 8¼- 8½ 6 - 6 .... - . . . . 5¼- 5½ 5 - 5 5 5¼ 5 - 8 .. .. - •... do6s,sp.tax,c.2 8 -11 10½- 11½' 8¼- 9 9 - 9 ~ 6 - 6 . .. . - .•.. 5¾ - 5½•··· .... 5 - 5¾ 5 - 8 •... - .. . . _do 6s,sp.tax,cl.3 8½-11½ 10¼-11¼ 8¼- 9 9 - 9 · 5' - .5 .. 6 - 6 5¾- 5½ ::, - 5 5 - 5¼ 5 - 7¼ . . . . . . . Ohio 6s, 1875 ......... . ... - ........ - .... 100 -100 100 -100 100 -100 97 - 101 °98. - 99 .. 100 - :01 100 -101 100 -101 101 -101 98 -101,lt' c1o 6s, 18S1.. ....... 100 -100 102 -103 100 -103 100 -104 i02-102¼ 98 -H 3 100 -102 ll•2 -102¾ 102 -103 103 -103,½ 103 -104 103 -106 · do 6s. 1 6 . ........ 100 -103 101 -10:.l½ 103 -105 102 -106 104 -1L'6¼ 10\!,½-106¼ 102 -104 102 -105 103 -105¼ 113 -!( 4 106 -106 108 -1C'6 Rhode !~land 6s.. .. . . 97 -101 I00½-101 100¼-101 101 -102 102 -1112,½ 102,¼-102½ 100¾-101 100 -JOH( 101¼-103.½ 103 -103¼ 10t -104 114 -105 S. Carolma 6s . .. . .... 23 - ~5 25 - 2.'> 25 - 25 20 - 25 20 - 25 25 - 25 25 - 25 25 - 25 20 - 25 20 22 27 - 80 30 - 30 do J. & J. 6¼- 9¼ 8½- 9¾ 8 - 9 7 - 7½ 7 - 8 13 - 18½ 17 - 18 15 - 18¼ 16 - 17 15 - 17 20¼- 21 ¼ 21¾- 81 do A. & 0 . . . .. . ... 12 - 20 117 - 19 - . 16 - 20 HI - 19 17 - 17 15 - 18 16 - 17' 15 - 17 20 - 21 21· - 30 do fdg act, '66 12 - 14 H - 15 15 - I(i 15 - 16 .. 15 - 18 15 - 18 20 - 20 20 - 2J 1, - 20 15 - 17 16 - 26 22 - 29 doLdC.,'89,J.&J . . ... - .• •.... - ... . 16 - 16 ..•• - .... 16 - 16 18,½- 18¼ .. .. • •...... - •... 17 - 17 17 - 17 17 - 17 18 - 2!l do co '89. A&O . . . . . . • . . .. - .. ... . .. - ..... . •. - . . . . 16 - 16 1~¼- 18,¾ .... - ........ - •. . . 17 - 17 17 - 17 17 - 17 18 - 29 do 7s of '68 ...... - • • • . • • - ........ - •••..••• - . • . 18 - 18 1~¼- 18¼ .... - ........ - . . . . 17 - 17 17 - 17 17 - 17 lR - 2\1 clo nonfttndable - .. .. 5 - 6 5 - 6 5,½- 5¼ 5.),(- 7 6 - 6¾ 6 - 7 6¼- 7 t'ennesse 6s, old ....•. 79;,(- 81 °8i¾: S9i~· ·ooi(= 91,¾ &i. = 88,½ 79,½- 80 72¼'- 81 75 - 77 74 - 76¾ 67 - 74 70 - 75 75 - 78 do 6s, ex con.. 61 - 63 63 - 69½ 69 - 71 67 - 68 62¼- 64¾ 60,¼- 62 52 - 60 56¼- 51¼ 50 - 56 51 - b6 55 - 57¼ 56;(- 59¼ do 6s, new.... i9¾- 81 8l}i- 89¾ ' 9 - 91¼ ... . - .. .. 82 - 83 80 - 80 'iO - 81 ':5 - 75 74 - 76¾ 67 - 74 70 - 75 15 - 78 do do ex: con 60,½- 6!'! til - 70 69¾- ?1 68 - 68 62,½- 64¼ 61 - 63 50 - 54~, 551/;- 57¾ SC - '1 :'> 51 _1,(- 56 51,¼(- 57 li6 - 59¾ do 6s, ilcwscr's 60),<j'- 63 6:Hi- 10 6!:i¾- i1 64 - 67¼ 62¼- 64,½' 61 - 62,3' 5! - 5fl¾ 56 - 51k 50¾- 55 51) - 55¼ 5t - 57 57 - 59¼ iexas 10s o f ',6 . ..... Pa - 83 85 - 85 1:16 - !.'6 86 - 89 90 - 91 92 - 9:l \10 - 90 . 9/i¼- 95¼ 95 - 97 , irginia tig, old ....... 36 - 42 36 - 39 :15 - 35 32½'- ::i2¼ 30 - 32 28 - 30 28 - 31 2S - 28 , ~2 . 32 - 35 ~5 - 3ll ~8 .. ao 6s, new, '66.. . . . . . .... ... - . . . - •... . ... - ........ - . . . . . . 28 - 30 28 - !lO 3~ - 35 35 - 39 38 - 39 do 6s, new.. 67 .. 40 - 45 4·! - 47 .... - . . . . 30 - 35 34 - 35 32 - 32 .. 30. - af. 28 - 1.iO 28 - 30 32 - 35 35 - 39 37 - 38 do tis, consc l . . 49½'- !:2¼ 51¼- 52¼' 50 - 51 50 - 50 50¾- 51 50¼- 52¼ 50 - 52?,f ::.l¼- 51¼ 51¼- 52¼ 52½- 5:i 53 - 56 57¾- 58 do 6s, ex m. cou .... - . . . . •. - . . . . . . •• ... . - ........ - • 50¼- 5~¼ 54¾- M¾ 0 3 4 4 fls. re~-~J: iii~ ii¾ ·;i½=: ii ·ioM= io¾ =: ~~:: ~ · :~. ·.To.,f~::~t -~~-: ~~-· -~~- =~~- - =~+ .... =.... = = ·sf =sa·· 0 ·zs· - ·sfi· - 0 .j_~ 2. JANUARY. FEBRUAHY SECURITIES. Alabama 5s, 1883 ..... do 5s, ;f,86 .. . . do es, 188•;_ .. . . do 8s, 18 ~- .... Arkansas tis, fnnded . do 7s, L.R. & Ft. S. do 7s, M. &L. R. . . do 7s,L.R.P .B&NO do 7, M. O.& R.H. do 7s, Ark. C. RR . . California 7s ... . do 7s, lari;:: Connecticut lis ... . ... Georgia 6s .. •. .. ... . . do 7s, n ew ...... do 7s, endorsed do 7s. ,l!'olrl ... ·iou-: ii~ ii¼l .ii': - --- MARCH, I ?: : ~~:: ·af :. g~: !~ 1i : t~ ~1¼': ~;~ :~~- t~ ~ n_" APnn.. MAY. JUNE. ------- JULY. AUGUST. SEPTEM'R. OCTOBER. NOVEMBER DECJ:KBEl - - - - - -- - Low.High. Low .High. Low.High. Low.High. Low .High. Low .High. Low.High. Low .High. Low.High. Low .High. Low.High. Low .Righ. 40 - 41¾ 36 - 38 40 - 41½ 3ti - 37¾ 37 - 37 48 - 48 ... - ... . 42 - 42 .·20· -- 23 ... 25 - 23 \I 9 - 10 - 15 !> - 10 9 - 10 10 - 10 10 - 10 10 - 10 10 - 10 JO - JO 110½-i13 - .. .. 1'. 2¼-11 2,½ ioa -104 l04 -107 ao - Rl 8.3 - 85 91 - t13 88¼- no ~2 - 86 86 - 89 '72!6 - 72~ 74 - 8~ 9 - 10 105 -10ti https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis -- 29·· 25 8 8 -- lv8 8 - 10 8 - 10 8 9 110 -112 . ... - .... '. 05 -1(1:; 85 - 86 !l3 - 9.3 89 - no 81 - P.7 37 - 39 87 - 38 41 - 45 40 20 9 9 9 9 9 112 - 25 - 10 - 10 - 10 - 10 - JO -115 - 42 - i<i-i-' -1i.7" 8~¼97 ~o il8 - 8:l 98 93 91 - --- ----- 3)3 33 33 - 33 35 - 35 31 - 38 26 - 28~ .28 - 30 1l - 12 17 - 17 12 - :7 11 - 12 ! L - 12 12 - 17 11 - 12 17 - 17 10 - 11 12 - 17 112 -117 I ~7 -117 I 10 -110 . ... 107 - 108 .. t05 - '. 08 88 - 8S 88 - 89 9t - !J9 96 - 98 93 - 93 93 - 95 93 - 96 90 - 91 38 - 38 38 - 38 40 - 42 - ---33 - 35 35 - 35 35 - 35 35 - 35 ·ao· - 33,¾ 14 - 16 14 - 16 14 - 16 14 - 16 14 - 16 113 -1!4 110 -110 .... io,i· - 105 104 -104~ 89 - !JO 89 - 92¼' 98,¼-101 !lfl½- 98 !2 - g4¼ 95 - 96 .. !l4 - 99 983'-100 83 3·3 35 30 15 15- - 35 - 35 - 35 - 32 - 16 - 16 15 - 16 15 - 16 15 - lfi lil -1 12 35 - 35 3:5 - 35 35 - . 35 ·ai · -- :l5 -31 - 31 31 - 31 30 - 30 - 30 - 30 30 - 30 30 - 30 -- as" 25 - 30 25 - 30 25 - 27 25 - 25 30 - 30 .. ·a2· 34 - 38 JO - 15 .... - .... 9 - 10 10 - 10 10 - 15 .... - .... 9 - lO 10 - 10 10 - 15 .... ... . 9 - 10 10 - 10 .... - ..... 9 - 10 10 - 10 10 - 15 10 - 15 9 - 10 10 - 10 115 -115.!( 115 -1i5 •. 114 -115 ..... - ... 115 - 115 115 - 115 114 -115 -1 i1 .. 105 -105¾ 105.¼(-107 100 -1 01 .,, 94 - 96 91 - 93 91 - 91 '2 - "' ¼ 98 -10(1¼ 100 -101 101 -101,¾ 102 -:04 96 - !.i7 98 - 9!l 98¼- 9 ½ 99 -100.!( 95;(-100 . 98¼- 99¾ 99 - 99¼ !l!l¼-100 - - I Iioo· - STATE SECURITIES. 50 Prices of State Securities for 1876-(Conclu.d ed). I I · 1JANU~Y-IFEnnu~RYI MAnc_H. .AJ.>m~. MAY." JUN~. JUL~. AUGU~T-18E:PTE~'n. OcT~~~- INOVEJ1IBER1·~~i11 -=-------,,L __o_w_.H_ig_h. Low.High. Low.High. Low.High. Low.1!1gh. Low.High. Low,1:1gb. Low.High. Low.High. Low.Hlgh.lLow.High. Low.High. IDlno1s tis, coup .• 1877 99 -JOO 100 -100 100 -101 101 -101 101 -101 101 -102¼ 99 -100 100 -:-101 100 -102 lu2 -ll3 1, 2 -10.j JuJ},;-w-1 do 6s, coup., 1879 99 -100 100 -100 100 -101 101 -101 101 -102 10: -102¼ 99 -101 100 -101 100 -102 H 2 -103 ll12 -103 !03¾-104 do War loan..... !39 -100,¼ 100 -100 100 -102 101 -1r2 102 -103 102 -1f2½ 99 -101 100 -102 100 -102 11!2 -103 102 -103 103¾-104 lncliuna 5s ....... . . . . 99 -100 9ll -100 100 -101 101 -101 101 -101 101 -102 99 -100 100 -101 Hll -H-2 102½-103 103 -10~ 103_½-104 Kentucky 6s ...... . . . 100 -lOfl¾' 100 -100 101 -101 101 -102¾ 102 -1P2¼ 102 -102½ 100 -102 101 -!02 102 -lr-2 ll 2 -lf•3 103 -103¼ 103¼-104 Louisiana6s .......... 24,¼- 27 30 - 30 30 - 80 35 - 37 37 - 37 3fi - 37 32 - 31} 33 - 35 35¾- 36 36 - 36¼ 36 - 37½ 38¼'- 40 do tis, new .. . 24 - ll6 25 - 29 . 30 - 30 35 - 37 3n¾ • :,7 86 - 37 33 - 36 33 - 36 35 - 36¾ 36 - 3/i 36 - 37½ 38 - 40 do 6s, new, fl. debt 21 - 26 25 - 23 27 - 30 35 - 37 36 - 37 35,¼- 36½ ~2 - 36 33 - 33 35 - 3ri Ui - 36¼' 3fl - 3' ½ 38 - 40 do- 7s. penitentiary 21 - 27 27 - 28 27 - 30 35 - 37 3B - 37 36 - 37 32 - 36 33 - 35 35 - 31\¾ 36 - 36 36 - 37¾ 88 - 40 rlo 6s, levee...... . 25 - 2S 28 - 29 27 - 30 35 - 37¾ 37 - 37 36 - 37 33¾- 36 33 - 35 35 - 31:i¼ 36 - 36 36 - 37¾ 38¾- 40 do 8s, levee... . ... 24 - 27 27 - 27 25 - 30 25 - 25 25 • 2~ 25 - 35 25 - 25 .... . . .. - . . - ........ - ... .. ... - .. 35 - 36¼' 36 - 37 do 8s, ievee, 1875. 24 - 27 28 - 28 29 - 30 35 - 37 37 - 38 37 - 37 34 - 36¾ 35 - 35 36 - 39 38¼- 41¼ do 8s of l!l!O ....... . .. - ........ .... - ........ - .. ..... - .... 10 - 12 10 - lU 10 - 10 ·10 - 12 10 - 10 Michigan 6s, '78-'79. 101 -102 102 -103 .. i04' -Hl4° 103° -104 .. 105 -105 102 -105½ 100 -103 102 -103 102 -ll2¼' 1(12 -103 103 -103 n 3 -105 do 6s, 188l .... 101 -102 102 -103 103 -10~ 103 -105 105 -106 103 -107 100 -103 104 -104 1( 4 -105 104 -107,¾ 105 - i05 :06 -106 do 7s, 1890 ... . 104 -1115 105 -105 105 -106 106 -1-10 107 -109 105 - 110 100 -105 106 -107 106¼-107½ 106 -111 107 -lO!i !08 -110 Missouri 6s, dne 1875, 98½-100 100 -100¼ 100,¾-100¾ 100 -101½ 101¼-102!,! 102½-103 100 -100½ 100¾-100¼ 101 -101 101½-101¾ lOH(-102}. do 6s, due 1876. 97¾- 99¼ 100 -100¼' 100 -100½ 100 -101,½ 101;,4-102¼ 102¼-103 100 -100¾ 100,½-100¾ 10 : -101 101¼-101¾ 101¾-102.½ IOi,½ - 102•• do 6s, due :877. 97 -100 99 - 99¼ 99 - 99 99 -100½ 101 -101 102)4-103 100 -101 100¼-100¾ 101 -101 101¼'-101.¾ 101?,✓.-102 7, ' 01,J,c;-102 do 6s, due 1878. 95 - 95 • 98 - 99 . 98 - 98 99 -100,½' 101 -101¾ 102¾-103 100 -101 100:¾(-100½ 101 -101 101,l,.!-101,½ 101¾-102~, .Ol J<, -102~ do 6s, due 1879. 95 - 95 98 - 98 97 - 97 99 -100¼' 101 -101 102¼-103 100 -101 100¼-101 101 -101.¾ 101¼'-101¼ 101¼-102f, -102¾ do 6l', due 1880. 95 - 95 97¾- 98 ... 99 -100 101 -102 102 -102 100 -101 100¼-101 101 -101,½ 101¼-101½ 102Y.-1027, 02 -102¼ do f'dgbds. due'94-5 93,½- 95 94 - 96 96 - 96¾ 95 -100 100 -102 102.l..(- 102½ 99¾-100¼ 101 -101,!,( 101¾-102 101 102¼ 101¼-103 ;,_ ,02½-1C'2~ do l'g,due '8:-91incl 94¼- 97 96½- 97¾ 96¼- 97¼ 98 -100¾ 101 -102,!,( 102¼-102¾ 99¾-101¼ 101¾-101i4 101½-102 101¾-101¼ 101¼-102¾ t02¾-102¾ do Asyl'm or Un . •u2 93¾- 95 95,½- 95¾ 95 ·~- 96 96 -100 101 -101½ 102.J,.(-102½ 100 -101 101 -101 101¾-101 ➔~ 101 -102 101 -101¾ 101. -102){ do H.&St.J., due '75 99 · 100 100 -100 100 -100 100 -101 101¼-102¼' 102½--102¾ 100 -100!,j' 100)2- 100¼ 101 -lull,! 101 -101¼' 101,¾-lOh, - ...• do do due '76 97 - 99¼ 99,½-100 100 -100 100 -101¾ 101¼-102¾ 102_½-102¼ 100 -100¼ 100_½-100,¾ 101 -101M 101 -101 101,½-101 ¾ 101¼-102 do do due '81i 94 .,. 95¼ 94 - 95½ 95½- 95¼ 96 -100 100 -101¼ 102 -10-2½ 100¼,'-100.'-i' 100,½-100¼ 101¾-101 ¾ lOO)i-101;? 101 -101½ 101,½-101¼ do do due '87 96¾- 96¾ 94 - 95¼ 95¼- 95½ 96 -100 101,½-101¼ 100.J,.{-10-2½ . . - .. .. 100¼ 100½ 101.J,.(-101% 101 -101½ 101 -102¼ 101 "i -102¾ N.York b'ty loan,reg. 105~-106½ 106¾-106¼ 106!.(-107 106¾-108½ 108 -108¼ 105¼-108¾ 105~(-106½ 105,½ 105¼ 106 -106 ½ 106½-107 107 -107 103 -107~ do do con. 105¾-106½ 106½-106¼ 106,!,(-107 1061,i-108½ 108 -108¼ 108,½-109 105½-106¼' 105¾-106½ 106 -106¼ 106,½-107 106)::(-107 107 -107.!,( do 6s, canal, '75 ... 110 -110 110 -110 110 -110 110 -110 110 -110 110 -115 110 -110 110 -112 113 -114 114 -115 do 6s, canal, '77... 110 -110 110 -110 110 -110 110 -110 110 -110 112 -116 110 -110 110 -112 113 -114 114 -115 : : : : : ; : : 1ii -1i4 .. do 6s, canal, '78 .... 110 -110 110 -110 110 -110 110 -110 110 -112 112 -117 110 -110 110 -112 113 -114 114 -115 . . . . ... 114 -114 do 6s, gold, •~7, reg. 113 -113 113 -114 114 -114 115 -116 117 -120 116 -120 118½-118¼ 115 -115 113 -114½ .. . - . . . . .• . .. 114 -117 do 6s, gold, '87, cou. 113 -113 113 -114 114 -114 115 -116 · 117 -120 120),(-120¼' 118,½-118¼ 115 -115 113 -114½ 120 -120 118 -119 115 -118 do6s, goldloan,'83... . .. .. 113 -114 114 -114 115 -116 117 -117 120),(-120¼ . . 114 -115 114½-118 .... - .... 119 -119 115 -lllS do6s . goldloan,'91.113 -113 113 -114 114 -114 115 -116 118 -120 120 -122 120 -120 115 -116 · 118,M-121 119 -121 120 -120 116 -120 do5s, goldloan,'75.108 -1!0 110 -110 110 -110 110 -114 1!4 -114½ 113 -115¾ .. .. - .. . . . . do 5s, gold lom,'76. 108 -110 110 -110 110 -110 UO -110 114)2-114,½ ... - . . .. 114 -114 - ... 112 -1i2· iio· -tio" .. .. . . . iio' -lio·· N.Carolina6s, o.,J&J 25,¼- 27 27 - 27 20 - 20 20 - 20¼ 20 - 21 20 - 20~ 20 - 20¼ 19 - 20 18 - 20 16 - 19 16 - 17¾ 15 - 16 do 6s, o., A. & o... 25 - 27 27 - 27 15 - 20 20¼- 20¼ 20 - 21 20 - 20¼' 20 - 20¼ 19 - 20 18 - 20 16 - 19 16 - 17¼ 15 - lo do 6s, N.C.R.,J.&J 53 - 55¾ 52 - 58 45 - 52 50 - 50 50 - 50 50 - 53 50 ~ 51 50 - 50 50 - 50 45 - 50 40 - 45 50 - 55 do tis, N.C.R .• A&O 53 - 55¼ 52 - 58 45 - 52 50 - 50 50 - 50 50 - 53 50 - 50 50 - 50 50 - 50 45 - 50 40 - 45 50 - 55 do 6s, N. C. R., cp. t off ,J. & J. 36 - 37 35 - 37 30 - 37 37 - 39 37 - 38 · 38 - 38 38 - 38 37 - 38 35 - 35 30 - 35 30 - 35 30 - 35 do 6s, :N". C. R .• cp. off. A. & 0. 36¼_'- 37½ 35 - 37 30 - 37 87 - 3:-t_½ 37 - 3q 38 - 31 33 - 38 37 - 38 35 - 35 30 - 35 30 - 35 30 - 35 do 6s, fdg act, '66 .. 17 - 20 i9 - 19 10 - 10 12 - 12½ 12½- ;3 12 - 12¼ 12 - 12 10 - 10 10 - 11¾ 9 - 10 9 - 9,½ 8 - 9¾ do6s,fdgnct,'68 .. 17 -18 15 -15 10 -10 10 -H 11 -12¼ 11¾-ll½ 10 -11½ 10 -10 10 -10 B -10 8 - 8 7 - 8¾ do 6s, 11ew, J. & J .. lll - 16 .... .... - .... 10 - 12 11 - 12 11 - 11 10 - :n rn - 11 10 - 11 8 - !O 8 - 8 7 - 8 do os, new, A. & 0. 13 - 14½ 13 - rn ... 5 - 11 10 - 11 10 - 10 10 - 10 10 - 11 10 - 10 8 - 10 8 - 8 7 - 8 do 6s, sp. tax, cl. 1. .... - .... 2½- 3 3 - 3¼ 3 - 4 4¼- 4¾ 3 - 4 2,lg- 3 1 - 1 2¼- 3½' 3 - 3¾ 3 - 3¼ 3 - 3.l,( do 6s, sp. tax, cl. 2. .. .. .. .. 2,½- 8¾ 3 - 3¼ 3 - 4 4 - 4¼ 3 - 3.½ 2½- 3 1 - 1 2½- 3 3 - 3¾ 3 - 3\..( 3 - 3 do lis, sp. tax, cl. 3. .. .• . . 2½- 3 3 - 4 3¼- 4 4 - 4 3 - 3½ 2¼- 3 1 - 2 2 - 3 2¼- 3¼ 3 - 3¼ 2 - 3~ Ohio, 6s, 1875........ 9!1 - 99,¾ 100 -100 100 -101 101 -101.l,( 101¾-1(·2 99 -102 !l9 -100½ 100,½-101¼ 101 -102 101 -102½ 1r2. -102½ 100 -102~ do 6s, 1r81. ...... 103 -104 103 -105 105 -105½ lll4 -105 104 -105 10:J -105¾ 102 -105 104 -i04 104 -104 05 -107 105- -105 102 - !05 do 6s , 1886 . ...... 103 -105 105 .-107 106 -106¼ 106.),(-108 107 -10B 105 -108 103 -107 105 -107 107 -108¼: 107 -108 107 -108 105 -108 Rhode Island, Osc••.••• 102 -103 1Q4 -105 104- -105 105 -1C7 107 -107 107 -107 103 -10:3 104 -104 10-1 -106 :05 -lOil 106 -108 106 -JOq S. Carolina, 6s ....... 31 - 34 30 - 3-3 3i - 31½ 31 - 33 33 - 3:3 33 - 34 31 - 35 27 - 28 26 - 27 28 - 31 31 - 31½ 32¾- 35½ do 6s, J. & J..... 31 - 34 30 - 31 29 - 30½ 31½- 3:3¾ 33 - 33 32¼- f 4½ 32 - 35 27 - 28 27 -27),( 23 - 30 30 - 31,½ 32 - 35 do 6s, A. & O.... :-s1 - 3-3 30 - 30½ 29 - 30¼ 31 - 32¾ 31 - 32 a2 _- ~4¼ 33 -_ 34¼ 27 _- 27., ~ - 27¼. 28 - 30 30 - 31¼ 82 - 35¼ 2, 27 do 6s, fdg act. 'li6 31 - 32 30 - 30.;.;, 21-> - 30 31 · - 32¾ 31 - 32 .,4 34 MJ - 27.¼' 23 - 30 30 - 32 82 - 35 33 32 dol'dc.'89,J.&J. 31 -32 30 -30 29 -31 31 -32½ 32 -32 32 -34 33 -34 27 -28 25 -27¾ 2:3 -3) 30 -32}; 32 -35 dol'dc.,89,A&O. 30 -32 30 -30 29 -30 31 -33 31 · - 32 32 -34 33 -34 .. .. 25 -27 74 2~ - 30 30¾-32 32 -3'i do7sof'88 ...... 31 -32 .. .. - . 20 -30 30 -3:3 31 -32 33 -35 35¼-35½ 29 -29 26 -29 29 -31 31 -33 33 -3&¼ do non-fundable 7½. 8 6 - 6,¼' 5½- 5,½ 5.)1- 6¼ 5¾- 6 5 - 5 4½- 5 4!£- 4·~ 4)9- 5 7 - 7½ 7½- 7¼ 6 - 6 Tennessee, 6s, old... . f,4 74- 78 62 - 6R 63 - 65 6:i - 74 71 - 71 ... - . . . . .. . . .. - . . .. . - . .. .. .. - .. - .. . . .. do 6s, old, ex cp 47 - 54 45 - 47 47 - 47¼ 49¼- 54½ !'\O¾- 50½ 47½- 52½ ·47.½- 50½ 50,~- 53 51 - 52½ 47 - 51,¼' 47 - 48 40. - 46 .. do 6s, new. . .... 64 - 77¾ 62 - 67 63 - 65 65 - 74 71 - 71½ do 6s, new, ex cp 46 - 54 45 - 4i¾ 47¾- 47¼ 49 - 53¾ 50 - 50¾ '47i,;= 52¾ '47j(= 50" 4~¾= 50¼ '50' = 50¼ "45' :: 49"' '.j5' 46° 37¾= 43¼ 50 - 50¼ 46 - 49¼ 45 - 46¼' 37¼- 43¼ do 6s, new eeries 45 - 52Ys 44 - 4, 46 - 47 4!l - 53¼ 50 - 50½ 47¾- 52½ 47¾- 40¾ 49¼- 51 99½-!01 100 -101 100 -102 99½-103 10-2 -103 10.3 -104 100 -100 Texas lCs of 1876.... !l6 - 96¼ 97 - 98 92¾- 96 96,½- 96¼ 97 -100 35 38 36 37¼ 37½3!J 3'l;{- 40 3!-1 - 40½ 35 - 38½ 37 - 3S Virginia, 6s, old ....•. 31 - 34 30 - 31 32 - 33 33 - 34 33 - 34 a5 - 37x: 37½ 3~¼ . 39 40 1- 40 40 - 40½ 36½- 40 37 - 3s do 6s, new. '66.... 31 - 35 30 - 31 32 - 3-3 34 - 34 34 - 34 35 - 37½ 37 - 37½ 37¾ - 39 40 - 40 40 - 40¼ 36¼- 40 37,¾- 3B do tis, new, '67.... 81 - 31 30 - 30 32 - 34 34 - 35 34 - 34 69' - 71 72 - 76 do 6s, consol...... 55 - 56 5ti - 577' 57~·- 59 53½- 6u . 611¾- 62¾ 63¼- 65;( 62 - 64½ 63½- 65½ li5~- 69¾ 68!1{- 69 5-~ - f'O 56 - 57½ 57~- 60.¼' 60¼- 64 63 - 63¾ 64 - 66½ 67¾- 71 do !is, ex mat. cou 53 - 53,¾ 52¾-:A,¼' 53 - 54 54¼- 55 · 54½'- 57 46 - ·46¼ 46½- 48,½ 4'< ¾- 49 47%- 49.¼ 44½- 44½ 13 - 46),i do 6s, cons. 2ds....... - . .. . .. .. . ... 35 - 36 40 - 42 40¼- 44½ 44½'- 48 9 - 9¼ 8¼- 9 9 - 9¾ S¼- 9 . cl~,.6@, deferred .... _11 - 11¼ .... - .... 9¾- 10 8 - 9¾ B¼- 9¼ 8¼- 8¼ 8¾- 8¼ 8¾ -9 fi1 - 67~ 6fi - 67 61 - 72 6'1 - 71?1 663{- 69 Dist. of Col./l-65~. Hl24 . .•. .... - .. . '7fl.•.,;- 711¾ 7-3 - 74¼ 7 1¼- 73% 71¾- 72 1 0 = 0 a1 - 18'2'6. ------------,----,-----:-----,---------,------,---------------------SECURITIES. --------Alabama 5s, 1883.. .. clo d 1>•. I. do do 5s, 1-s, 8s, 8s, JANUARY. FJl:BRUARY MARCIi. MAY. APmr.. JUNE. JULY, AUGUST. t - - - - 1-----1-----t-----l-----l-----l----•-••---- 25 1886..... 26 lr-8, . .... 25½1888..... 26 1· 92......... - 26 26 25½ 26 .. . 29 29 29 2'.l 20 - 31 31 31 30½ 20 31 31 31 31 . .•• - 34 33 34 38 3-'i 3:3 33 33 • ....... A~~~f:,at~i}r:~f -~g' = ff =1~½ 'ff =~ do 7s, M. & L. H. .. do 7s,L.RP.B.&NO do 7ll, M. 0. & R.R. do 7s, Ark.Cent.RR Connecticut 6s....... Georgi<\ 6s. ... .. .. • .. do 7s, new ..... do 7s, endorsed. ~o 7s, gold ... , .. Indiana 5s ...... . . .. lllinoi:1 6s, coup., 1877 do !i..~ coup., 1879 do war loan .... Kent~cky ~B ......... Lomsiaua 6s... .... ••. do 6s, new .. . . .. . do 6~, new fl.. debt .. do 7s, penitentiary. do 6s, levee........ do 8s, levee ........ ' do 1:1~, levee, or 1875 do 8s, levee, ot 19111 dn 7t!, consolidated. Michigan 6°, '78-79 ... do 6s, 1883 ... do 7~, 1890 ... ~issouri fis, due 1876. '•dn 611 ilnc 1877. . . https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis SEr.I'J!lll'R 0CTOBEn. NOVEMBER DECEl\lBEn; LOW,High, Low.High. Low.High. Low.High. Low.High. Low.High. Low.High. Low.High. Low.High, Low.High. Low.High. Low.High ~½ JO - 12½ 10 - 12½ 10 - 12½ 10 - 12~ 105 -106 92½- 95 l •-0%-l03~ 98 -100½ !l8 -101 100 -101 100),(-102 100¼'-!02 :OO,J,£-103 100½-102 40 - 42--. 40 - 42¾ 40 - 42½ 4r1 - 42¼ 40 - 43 25 - 33 4') - 4:H( JO - 11 ... - .... 103 -103¼ 105 -105 108 -110 99¾-100¼ 99~-lOH.< - 34½ 31½- 34¾ !U½- 34 31¾- 34 31¾- ... . .... - 33 30 33 30 3:1 ,lO 33 30 ........ 'fg· =tf 'yg' =~ - 31½ 30½ 30 30 ... . , =if 16 - 18 15 - 15 10 - 11 12 - 12 8 - 10 163-.(- 16¼ 15 - 15 10 - 1l 12 - 12 8 - JO 15 - 16¼ 15 - 15 10 - 11 .. . .. 8 - 10 16!,(- 16)4' 10 - 15 10 - 11 . .. .. .. 8 · 10 106 -106¼ 105 -106 107 -110 107 -108 107 -10'.l 93 - !J5 93¾- 97 , 94 - 115 Y4 - !i5 94 - 95 W3½-104 'M~-104¾ 104 -106 106 -107 105 -107¼ 101 -101 101 -lOi¾ 10-2 -103 104 -104¼ 104 -105 1(12 -106½ 1(,5)1-107 104 -105,J,ci 104½-'05½ 105,½-107' 101 -lOJ½ 10.! -102½ . .. . .. .. 103 -10:3 .... - .... :02 -102½ 102 -tr:2,½' 103 -103½ . . .. . . . 1(3 -103 102 -102½ 102 -1 .. 2½ 113 -103½ 1C3l§-1f3½ !03 -103½ 102 -102¾ 102 -102¾ 103 -103 10:J_½-104 103 - !03½ 102 -102¾ lll2 -112¼ 102½-lC,3 l: 3 -108½ !(13,½-l! 4¼ 4-'i - 41 44 - 45 4-3 - 45 45 - 46 43 - 46 43 - 4t 44 - 45 43 - 45 45 - 46 43 - 46 43¾- 44 44 - 45½ 43 - 45 45 - 46 · 43 - 46 4:J - 44 44 - 45¾ 43 - 45 45 - 46 4:3 - 46 43 - 44 44 - 45½ 4:i - 45 45 - 46 4-'i - 46 3-3 - 40 38 - 40 ES - 42 42 - 46 43 - 46 43½- 44 44 - 45¼' 43 - 45 45 - 46 43 - 46 10 - 14 10 - 18 18 - 18 - . .. . . ... . . .. - .... . .. - .... - .... 66¾- 67½ 65 - 69,½ 102 -103 102 -102¾ 102,½-103 101 -W4,½' 108 -103 104 -105 !05 -105 105 -107 :05 -105 104 -105 108 ·-110 !08 -110 108 -112 :os -'08 105 -108 100¾-101 101 -101¾ 101¾-lOH1102 -102¾ 102¾-103 100¼-101 101 -102 102 -1Cr2 102'.:'-102 3.,.102¼-103.J{ 0 ~O 30 30 30 .... - 30 3l 3'l 30 .. .. 31 31 31 31 .. - 31¼ 32 32 32 .. ---3'l 3/J 30 30 . ... - 32 32 32 32 .. .. ---- -----33 - 35 33 - 34¼ 31 - 32¼ . 31 - 32½ · 32 - 32,½' 31),$-32½ . .. - .... 33 33 33 15 - 35 35 34 15 33 33 , 33 · 15 - 34 331/ii. 33¼ 15 3 3 110 Y4 106 11'2 105 - 6- 6 -1 '2 - 95 - 106¼" -105 -,C6¼ - .. . -104 - · 04 -104 -104 - 41 - 4l - 41 - 41 - 41 - 41 - 41 ~ =~r 10~ -=iIlfl ''25ig ' ==29i5 .. ·00g· ==ao" ig =~~- '~ =iz rn g5. -= ~~ 3 - i 10 - 11 10 - 10 8 - 8 7 3 - 6 10 - 10 10 - 10 10 - 10 10 - 11l 106 -107 94 - 95¾ 104 -104¼ 100 -101 104¼-105 ,. __ 100 -100¼ 100 -10t 100 -103 '00 -101 42 - 45 42 - 45 4:? - •5 42 - 45 42 - 45 42 - 45 42 - 45 - 10 - 10 10 - 10 106 -106 ~11 - 91 104 -105 100 -102 104½-107 100 -Joi .. 10~ -101 101 -101 101 -101 40 - 42 40 - 42 40 - 42 40 - 42 40 - 42 40 - 42 40 - 42 .60¼- 63½ 55 - 60 100 -102 101 -101 104 -105 103 -JO:~ 110 -110 110 -liO 100¾-100¾ l00¼-100¼ 100 '-<-101 100¼-101 10 - 10 8 - 8 111 - 10 8 - 8 106 -112 110 -110 91 - !ll 92 - 92½ 104 -104,x 104 -105 100 -100 100 -101 103½-104½ 104 -105 ioi' -102 10l½-102 .. 101 -102J~ 102 -103¼ 101 -1 12½ 102 -103¼ -101 -103 102 - :0::! 40 - 4!,½ 41 - 41 40 - 41 . 41 - 41 · 40 - 41 41 - 41 40 - 41 . 41 - 41 40 - 41 41 - 41 40 - 41 41 - 41 40 - 41 41 - 41¼ - °57¼- 58]( 58. 101 103 J ;O 101 101 -101 -105 -110¼ -101!,a -101¾' - 7 - 7½ -113 - !5 -106 -103 ·-106,x; 102· -103¼ Q3. -103½ 10:{ -103,½ 10:J -103½ 4l - 42 41 - 41¼ 41 - 41¼ 41 - 42 41 - 41¾ 41 - 41 41 - 41¼ 5. 5 l 12 93 1()5 102 106 103 103 :03 1(13 37 37 37 37 37 38 i 41 =60¾ 102¾-103 'i,i;° =59¾, 52¼= 58° 10:J -104 101,¼-102½ 105 -106 110 -110;.; 101.¾-101¾ 101)(-102 0 105 110 ., .. 102 -106 -11() - .. . . -1021( 106 -106 112 -114 . ... - . 102 11.-10-2" 51 STATE SECURITIES. Price§ of State Securities for 1876-(Concluded). I J.&.NUARY.lFl!:BRUARYI MARCH. BONDS. I APRIL. I MAT. I Jun. I JULY. I AuausT. ISEPTEx'a.l OOTOBEB. INonllCBEBID1:oxx•n Low High. Low.High. Low.High. Low.High. Low.High. Low.High. Low.High. Low.High. Low.Hlgh. Low.High. Low.Hl~h. Low.Hi&'~ M.ii;:,souri 'tid, due 1879 99}~-101¼ 100.)(-101 101¾-103 •.•• - ... . ..•. - ..... . .. - ••••.••. - . . . . .•• - •••.••. . - •• • • .•.. - •••. . . . . • •.... . .. - ... . i~1~:bds f:!·,94:5 !~ =}g1~ i :~=f~¾ ~~¾=~~ i04. -104¾ 104½=105¼ 105¾-106½ 104· =105¼ i05¼=106~ ioo· =1~·· ioox=1os .. ioo¾:100½ ioo· =107¼ do l'g,due •~2·90incl 101¼-1-02¼ 102!4- 102.l( 103 •104.¼ 104 -104.½ 105,¼'-105¾ 106 - 107 ~ 104¾-105.¾ 106¾-107 106 -108¾ 107 - 108!,{ ll 5¼'-106¾ 105 -107¼ 1 1 d o As'lum or Un . ' Y2 101¾- 1-03),.,( do H .&.St J. due '76 100 -100¾ do do due '86 100¼(-102 do do due'87100¼ -102 N. Y . bountyloan,.r eg 103¾-104 do do coup, 104 -104 clo6e,canal, '?7 . . . . . ... - .. . . 102 - 102¾ 103 - 103¾ 100¼- 100¾ 101.l(- 102 101 -102 102¾-103¾ 101 -102 102¼- 104 104~-104¾ 104¾ -104¾ 104 -104¼ 104)1- 104½ . ... - . . . . . ..• - . . .. 103¾- 103¾ 104¼(- 104¼' 105 -106¼ 100).(- 105 105,½-106 106 -108 107 -108 104¾-105¾ 105 - 107 101¾-102.½ 102 -102¼ 102¾'-103¾ 100 -100,¾ l00¼·-101 100,.½'- 100.½ . . . . .. . ... . - . . . . ...• - ...• 103 -103¾ 104 -105 104½-106¾ 104¾-105 105,¼'-106¼ 106 -108 107 -108 105 - 106;-i 105 - 108 103 -103¾ 104 -105 104~ -106¾ 104 •105 105½ -106¼ 106 -108 107 -108 105 -106½ 105 -108 104¾- 104¾ 1043{- 105¾ 102 -105¼ 102 -102½ 102.¾-102.½ !0-2)§-102¾ 102 -102¾ 102¾-103 100¾- 103~ 104½-104½ 105¾-105.¾ 105¼-105.¾ \02 -102 ~ 102 -102,½' 102¾ -102¾ 102 -102¼ 102.¾-103 103¾- 104.l& . ... - .. . .•• - .... 112 -112 iodo ::: ~il\J~r~~: :·::: :::: 115 iis· :1i9" : :::: :::: ::::: :::: ::::: :::: m:Bt 6s. _gold. '87, coll. -119 115 -115 .... - ...... . . - ..• . 115 -115 do lis,go ldloan, 83115 -115 · 115 -120 116 -116 . .. . - ... . do !is, go}d loan. '9 1 116¼- 120 116½-120 120 -120 120 -120 <lo 6a, gold loan) '92 . . . . . . . ...•• - .... 120 - 120 . ... - .... do 6s, go ld loan) '93 .. .• - ........ - .... 120 - 120 .••. - .... do /is of '76 .. . . .. . . .. - . . • . .. . - .•. N.Carollo a6s,old.T&J ·m ;. - 17½ .i7 - i7¼ .17¼- foi is - 17 do 6s, old .. ... A&O 15¾- 17½ 17 - 17!4 17 - 17¾ 15 - 17 d o 11 -, N . C R . . J&J 53 - 55 54 - 55 55 - 59¼ 60 - 61 do 6~, N. 0. R . A&O 53 - 55 54 - 55 55 - 59¼ 60 - 61 do 6s, N. C.R,coup o:II . . ... . .. . J& J 35 -42 40 -42 42 -45 45 -45 do 6s .. N. C.R.,cou p. off . . ... .A&O 35 - 42 40 - 42 42 - 45 45 - 45 do6s,fnnd'gllct,'66 8 -10 10 -10½ 9¾- 11 10 -11 -do6s, fund 'g act, '68 7 - 9¼ 9¾- 9¼ 9 -10 7½- 8¼ do 6•, new .. . J &J 7 - 9 9 - 9 8¼- 9 7 - 8¼ d o 6s. n ew . . . . A&O 7 - 8¼ 8¾- 8¾ 8>{- El¾ 7 - 8½ do 6~. sp. tax, cl. 1. 2¼- 3 3 - 3 \it 3 - 3 2¼- 3 do 6s , sp. tax, cl. 2 . 2.½- 2.1-( 2J.(- 2½ 2¾- 2¼ 2½- 2¼ do 6s, sp tax, cl. 3. 2½ - 2¾ 2¾ - 2¾ 2¼ - 2;,~ 2½- 2>, Ohio 6~, 1881. ....... . lf.3 -107 105 -106 105 - 105 105 -108 do 6s, 1886 .. ....... 105 -113 110 -111 10 ~ - 110¼ 108 -111 R hode I sla nd Gs . . .. . 105 -109 105 -106 10/l - 109 109 -109 t3. Carolioa6s . ... . .. 34 - 36 35¾- 87½ 35 - 37 34 - 36 'do6s .••••..... J&J 34 -36 35 -37¼ 35 - 37 33 -36 do 6s . ... . . . . A&O 33¼- 3fi 35 - 37 !>\l 35 - 87 33 - 36 do6s,fnnd'g act,'G6 34 -36),! 35 - 37¼ 34 -37 33 -3fi ·do land c., '89 .. J&J 34 - 37 35 - 38 3fi - 40 33 - 37 do land c .,'89. A&O 34 - 37 35 - 38 36½- 40 38 - 37 do 7s of '83 . . . . . • . 35 - 38½ 36 - 40 36 - · 38 H3 - 36 do non-fnndable... 4¼- 5 4½- 4¾ 4 - 4¾ 3 - 4 Ten nessee 6s, old . ... 44>(- 46¼ 42 - 49.½ 42 - 43 42¼- 42¼ do 6s, new . .. . .... 42½- 45!,£' 41 - 45 40¾- 41 40¾- 41 do 6s. n ew series ... 42¾- 45¼ 42½ • 45 40¼- 41 40¾- 41 8 ~fJ~~.::. lg~ i1::gfni~ 6~,r do 6s, n ew, '66..... do li>1, new, ·67... .. do 6s, consol.. . . . . do 6s, PX m at. coup do 6s, comol., 2'.' @. do 6s, deferred. . . =l~ 37 - 38.½ 37¼- 38¼ 74 - 76 67 - 69¼ 45 - 46 8¼ - 9¼' l :¼ =l~ 37½- 38 37¾- 38 75 - 76 68¼- 69¼ 42 - 46 9 - 9 33 : 84 34 74½6fi 37¼8½7 36 .. 87 37 76!,..S' 69¾ 42 8½ 32¼- 35 .. 33 - 34 30 - 34 73)(- 76 66¼ - 69 41¼- 41½. B¼- 8½ .•. 118 118 118 110 15 15 60 60 - .... -120 -118 -118 -l lO - 15 - 15 - 60½ - 61 45¾-46 45¼- 46 10 -11 7 - 7 61/s- 7 6½- 7 2 - 2½ 2 - 2 2 - 2 108 -109 108 -113 lOB -108 33 - 843,r 33 -84 34 - 34 83¼-34 33¼ 47 33¾- 45 35 - 35 2 - 2 43 - 45 40¼- 43 41 - 43 ·si' - 3i .. 30 - 31 31 - 31 73 66 ... B¼- 73¾ 66¼ . .. . B¼ D~~·i~~ti>~!l::::~ .~~= ~:~. . '..~~ =:~.. ?~=~~ .~~~= :?. ~i =~A do regis tered. . .... . . . . . - . . . . . . . - .. . .... . - . . . . 69 - 70 115 118 ..•. .•.• 110 14 14 60 60 -115 -119 - . •• . - .... -110 - l!S - 15 - 61½ - 61½ 112 -112 m:m 114 1\5 118 118 ~8 .~~~= ~ .. - . . . .... - • •...••• - . . .. . .• - .. . . i.is· :1i· iis· :lii" iis· :1i5·· -114 117 -118 117 -121 12-1 -121 l~O -122 120 ... . .. 1:5 - 15 14 14½- 15 14 60 - 60 58 60 - 60 58 44¼-46½ 42 -42 44¼- 46¾ 10 -10 6 - 6½ 5¾- 6¾ 5½- 6 1 - 1 1 - 1 1 - 1 105 -105 108 - 111 109 -110 30 - 34 80 -34 30 - 34 30 -34 40 - 45 40 - 45 83 - 84 2 - 2¾ 43¾- 46¼ 42 - 463,.( 42 - 4614 1 1 ~½= ~ 'J!l¾- 30 'lf'l~- 28 73½- 75 66¼- 67 ½ 31 - 32 5 - 5 . . . • - • . • . 115 -115 iii' :1if . g~ 42 11 7 6 6 1 1 - 42 -11 - 7½ - 7 - 6 - 1 - 1 ioo" -10?' . . 112 -113¾ 107 -107 32 - 32½ 32 -33 32 - 32 32 -32 40 - 45 40 - 45 82¼- 33 2 - 2½ 44¼- 46¾ 44 - 46.J.! 46 - 46¼ -117 -l i7 -120 -120 -120 - 14 - 14 - 60 - 60 40 -42 115 U6 118 118 ll8 :nz -1 J.6 -118 -120 -120 -120 - • ·ia· - i6½ 14 - 16.½ &'l - 60 58 - 60 .::~: ~:': ~~~= ~¾ . .•. - . . .. 72 - 7i ·22· =20·• 25 25 7S 6fi3'80 5¾- 2f\ 2/i 77 67.¾ 82!4 6¾ -115 -115 -120 .... - •.•. -_ .. : . 120 -122 -125 - .. . - 18¾ - 18¼ - 62 - 61 120 -mo 120 -120 120 - ... . . . . is - 16½ . 18 15 • 16-½ 18 60 - 60 60 60 - 60 60 40 -40 40 -40 40 - 42 40 - 41 8 - 8 8 - 6l 6¼- 8 7 - 8 6 - 6 6 - b 6 - 6 6 - 6 ¾- 1¾ 1 - 1>11 ¼- 1¼ 1 - 1¼ ¾- 1}4' 1 - l,½ 107 -107 106 -107 113 -114 113 -114 10~ -107 106 -109¾ 32 - 32 32 - 33 32 -32 32 -33 82 - 32 32 - 33 82 -32 32 -33 40 - 40 40 - 40 40 - 40 40 - 40 32¼- 33 83 - 33¾ 2 - 2¾ 2 - 2.!,§ 44¾- 49 43 - 49 44¼- 49 43 - 49 44¼- 49 44.¾- 49 'J!l = 2g·· ·25·: 27¾ 26 - 28 27¼- 28 26 - 28 26 - 28 74¾- 75 75~- 75¾ 65M:- 65¼ 65¾- 66 3:-l - s :i 32 - 33¼ 5¼- 6 5¾ - 5¼ 115 115 120 120 120 . .. 40 8 8 5 6 1 1 1 107 112 108 32 32 32 32 - 40 - 9x - 9¼ - 6 - 6 - 1½ - 1 - 1¼ -107 -112½ -110 - 32]< -32~ - 82 -32 35 - 40 85 - 40 82 - 33 1 - 2 44 - 45 43¾- 44¼ 44 - 44 40 - 42 42 40 - 42 9¼ 8¼-!U 9½ 8¼-10 8 7' - 8)( 7¼ 7 - 8>, 1¾- 2 1¼'- 2 1~- 2 1¾- 2 Hi'- 2 1 - 2 106 -107 106 -lOi 112 - 112½ 110 -113 110 -110 110 -111 35 - 40 32 - 37 333\i'-37 32 -35¼ 83½- 37 82 - 35," 83~-3..; 32 -36 45 - 50 40 - 45 45 - 50 40 - 4'i 84 - 37 35 - 37 2 - 2¼ 2 - 2¼ 45 - 47 40¼ - 43 44 - 44 40 - 43 44 - 45 40 - 42¼ 41 9 9 7 7¼- -so· = 3i° : 30·· - 30 - 30 - 78 66¾- 69 l!5¾ 34¼- 84Ji 6¼ 6 - 6¼ 70 68 : " 1... ·• - . • . • 67¼- 69 69 - 69 .. ·25 = 26 26 77 67 33 5¾- 30.. 40 -42 115 - 1i5 ... _- . . . • 120 125 l.20 -125 120 -126 . - .. . 16.~- 11~ · 16¼- 17~ 58 - 62 58 - 61 30 30 78 30 30 77 68 66¾35 34 6¼ 6¼'- 3, 31 78½ 68¾ 29 29 119 77 ~~¾= rt .~~.: '.?~ .~~~= ~:~ 71 - 71 l:8.' f7. SECURITIES. MARCH. APRIL. ?tlA.Y. Jmn:. JULY. AUGUST. SBPTBX'B . OCTOBER. NoV1W13ER OEOEMBEB - - - - 1 -·- -- - - - - - - - - - 1 - - - - - - - - - - - - -·1 - - - - - l - - - Low.High. Low High. Low.High. Low.High. Low.High. Low.High. Low.High. Low.High. Low.High. Low.High. Low.High. Low.High. '.JANUARY. F1m·R UABY ----1•----1•- ----- ™ama 5s, tssC.~ 32 - 33¼' 33 - at 35 - 37 3'3 - 39¾ 39¼- 4Q · 39"t- 41 41 - 41 89 - 40 3g - 3l 38 - 88¼ 3934- 42½ 4i - - 43 5s, 1886 . .•••. •• •••• 32 - 33 38 - 34 85¼'- 37 88 - 39½ 89¼'- 40 39'(- 41 41 - 41 39 - 40 38 - 89 38 - 8 ~½ 39 - 43 41 - 4a .Ss, 1886...... •• . •• • 32 - 811 33 - 34 35 - 37 33 - 39½ 3'1¼- 40 40 - 41¾ 41 - 41 89 - 40 38 - 39 83 - 38¼ 3Y - 4-l 40 - 43 As, 1B88...•..•• · · · . 32 - 33 84 - 34 3534- 37 38 - 39½ 39'!f- 40 40 - 41¾ 41 - 41 39 - 40 38 - 39 38 - 33½ 39 - 43 40 - 43 .s~, Mont.& Eur.RR . ..• - ...• . . •• - •.....•• - ••••..•• - .... 40 - 40 ...• - ... . . ... - .... . ... - ... . .... - ..•. . .•• - .... · . • - · • •• 8s, Ala.& Ohat.RL{ ....• - .... . ..• - .... - . ..2¼- .2¼ 2¼- 2½ 5 - 5 Ss of 1892 ....• . .. . 15 - 15 17 - 17 ·i1· - 19 .. ·20· - 21" 2r - 2:,·· ·20· - 2i'· ·2o" - 20·· 2tJ - 21 20 - 201i 20· - 20 . 20· - 22 20 - 21 Ss of 1393 . ... ... . .. 15 - 15 16 - 17 17 - 1!l 20 - 21) 20 - 20 20 - 21 20 - 20 2'.l - 21 20 - 2·1 20 - 20 20 - 21 20 - 21 A.rkansas fis, funded . 26 - 31 25 - 2::l 25 - 28 2.1 - 21l 25 - 2d ~5 - 2 •i 15 - 25 15 - 2:J 2') - 23 15 - 22 22 - 30 25 - 27 7e, L . R. & Ft. S . .. .' 5 - H> 7 - 10 8 - 10 9 - 9¼ 5 - 5 4 - 5 4 - 5 2 - 5 5 - 6¼' 2¼- 4 4 - 8 4 - 6 7s, Mem p. & L. Rk 5 - 10 7 - 10 9 - 10 9 - 9}.( 5 - 8½ 4 - 5 4 - 5 2 - 2½ 5 - 6½ 2½- 4 4 - 8 4 - 7 'ls, L .R. P . B.& N 0 . 5 - 10 7 - 10 9 - 10 9 - 9¼' 5 - 5 4 - 5 4 - 5 2 - 4 5 - ti¼ 2¼·· 4½ 4 - 8 4 - 7 ?s, Miss. O.& R.Riv 5 - 10 7 - 10 9 - 10 9 - 9,14' 5 - 5¼ 4 - 5 4 - 5 2 - 4 5 - 6¾ 4¼- 4¾ 4 - 8 4 - 7 i s, Ark Cent. RR.. 5 - 10 7 - 10 9 - 10 9 - 9¼ 5 - 5 4 - 5 4 - 5 2 - 4 5 - 5 4¼- 4¼ 5½- 8 4 - 7 Conne.cticut 6s .... . .. 109 -110½ 110 -111¾ 110 -111 .14 110 -110¼ 110 -110 110 -113 107¼- 110 110 -110 110 -110 l06 -107 107 -110 108 -110 G eorgia 6s . .•• . . •• . . . 95 - 96 Y3 - 9:3½ !H -lOi 95 -1 02 98 - 99 93 -10-2 101 -lf:2¼ 95 - 99,¼ 93¼- 9 ~¼ 9t¼- 98 98 - 99 99¼'-_ 9.~ '·4 7s, new . .•...•..... 103 -104¼ 105 -106¼ 106 -109 74 106 -108 105 -107¼ 107¼-109 105~- 107.¼ 106 ...107¼ 106~-107¼ 10ti -107 106¼-103 108 10., 7s, endorsed. . .••.. . 101 -1112 103 -103 103 -104 104 -104 103 -!04 104 -108 104 -105¼ 104 -107 103 -105¼ 105 -106¾ 105 -107 lOi¼-108.Ji 7s, gold....... . · . 103 -104¾ 105 -10'> 106 -107 106¼-103 105 -108¾ 107~-108~ 105½-108 107 -108½ 106 -108 104½-lOfi.l( 105 -107 108 -108~ llliuois 6s, cp., 1879 . . 1CJ -10l½ 101 -101¼ 101 -102 102 -103 103 -103 103 -10-3 100 -lfll 10 1 -101 101 -101¾ 101 -101 101½•·102 102.¼-103~ War loan .•••.••• . . lO'l.l(-101½ 101 -102 101 -102 102 -103 103 -103 103 -103¼ 100 -101 101 -101 101 -101½ 101 -101¾ 101,½-10'2½ 102¼-103¼ Ken_t ~cky fi s ••••••••• 100 -102 101 -102 101¼-102 lOi½-102¼ 103 -103½ 103 -106 100 -101 101 -101 101 -lOll>!, lOt -10! 10-i -107 103 -11,3 Lou1s1ana 6s.. . • • . . .. 85 - 40 87 - 40 88 - 39,½' 311 - 4l 43 - 45 42 - 47 45 - 4'> 40 - 52 50 - 52 5:3 - 53 53 - 56 55 - 55 New . ... .. •• .• •• . . . 3, - 40 87 - 40 88 - 39 39 - 42 43 - 45 42 - 47 45 - 4'i 40 - 5'l 50 - 5t 5:3 - 53 58 - 55 5"> - 56 87 - 41) 38 - 39 3') - 4i 43 - 50 40 - 40 40 - 40 40 - 52 50 - 52 53 - n3 5:3 - 65 55 - 51i 6s, new fl oat' !' debt. 33 - 40 7s.peniteotiary .... 85 -40 37 -40 38 -39 39 -4l 43 -50 45 -47 40 -45 45 -ti2 50 -52 53 -53 53 -56 55 -56 6s, levee . . . . . . • • . . . :i5 - 4,1 87 - 40 33 - 39 39 - 42 4:i - 48 4tJ - 4:) 40 - 40 10 - 52 5'.l - 5t 58 - 53 51 - 55 5i - 56 37 -40 3i -39 ·4J -4.2 40 -41 40 -40 4'.l -40 40 -50 50 -52 53 -53 53 • 55 54 -5f\ Ss,levee .. . . ... . . 35 -40 gs, l evee of 18i5. •• . 35 - 40 37 - 40 38 - 89 3\J - 41 44 - 45 40 - 40 40 - 4'.l 40 - 50 50 - 52 58 - 5a 53 - 55 54 - 56 gs of 1910 . ... . .......•• - .....••• - . ... . ..• - . .• . . • - .. .....• - . . . .•• - . . .. . •• 40 - 40 . 5 - 5 ..•• - . ..• 7s,consolid11.ted . . .• 50 - 59 56¼- 63 60 - 63¼ 6i1'- 74'~ 76.lt!- 88,½ 82 - 8534 75¾- 79¼ 77}1!- 78 .78¼- s-i· 8i¾- 86 .. 85¼- 871,,! SH(- Sfi,¾'. 7s. small bonds . .. . . . .• - . . . ... - .... . ... - . .•. . .•• - . . .. . .• - . . . . • - . .•• ..• - . . . . 80 - 80 80¼'- 84¼ 83 - 84 80 - 84 Michigan 6~, 1878 -79... 101 -103 10l -,103 101 -102 101¼- 102 102~-103 103 -103¼ -10i .. 101 -lC,1!.( lOl -101½ 101 - 101 10:.? -102½ l02½- 102~ 6s, 11'8:3 ....... . .. . 103 -104 103 -101 103½- lOH{ 104 -101½' 103 -104 10i -107 l01 -105 104 -105 104 -101 :04 -105 104 -105 105 -105 'ls, 1890. . .•• ._ ••.... 110 -112 111 -1 13¼ l15 -115¾ 112 -115 ...• - .. . . llO -112 110 -111 1C8 -115 I lO -115 110 -112 103 -1011 109 -1 lOJ,( Missouri 6s, due 187'1. 99¼-lOl¼ 100¾-101 101 -101¾ 101¾-102 102 -102¼ 102,ll-103 100 -100¾ 100¾-100¾ l00¼-101 1L11 -101 101 -102).( :02 -•O~½ 6s, dn.e 1878 . ..•.... 100 -100¾ 100¼-101¼ lOU(-101¼ 101¼-102¾ 102¼-l02¼ 102¼-103¾ 101)¼-100¾ 100¼-101¾ 101 -101).{ 101 -101¼ 1011/s-102!4 IO-J¼,-10.!¼ . Fnndmg, due 1894-5 104~-104½ 104'--107¼ 106 -106).( 105 -105¾ 107 -108 108 -1091,{ 105 -106¼' 106 -106¼ 106~-106¾ 106¼-107 10'> -103 108 -109 Longbonds.1~6-90 104),(-104¾ 104½-106¼ 105 -105¾ 105½-105¼ 106¾- 108¼ 103 -108¼ 105,¼-lOti¾ 106 -106¼ 106 -106¾ 106¾-107 106½-1073-.( 106¾;-107¼ Asylum or Uu1v't_y . 103¼-104,Jg 101 -106½ 104 -10~½ 1-05 -105¼ 106 -107¼ IO~ -108½ 105 -105¾ 105 -105¼ 105¼-106 103,¼-106½ 105¾-107¼ 107)4-107½ H'in. & St. Jo., 1886 104¼ •105 104¾-107½ 105 -106 105 -105 106 -107¾ 108 -103¼ 105 -105½ 105 -105½ 105,½'-106 106 -106 105 -1061,j 101.i -107 Han. & St. Jo., 1887 104¼-105 104¼-107 105 -106 105 -105 106 -107½ 108 -108¼ 105¼-105,)§ 105 -106 . lOj½-106¼ 106 -106 103 -106¼ 106 -107 N.Y. bounty loan, reg 101 -101 101½-101¼ 101¾-101½ .••• - .••...•• - •••. . .• - ........ - ..•. . ••• - .•.. . .•• - •••. . .•• - .•.. . .•• - .•....•• - ... . Coup . ........ •••... 101 -101 101¼-101½ 101¼-101½ .. - ........ - . .• . .• - .••. .••• - •.••.••• - . ••. • •• - .... . ... - ........ - ........ - ..•• 6s, canal, 187d .......... . - . . . . 105 -105 ..• - . ....... - ......•• - ..• . .••• - . . . .... - . • . . • •• - .... . ... - . . . . . • - ........ - .... . ... - •.•• tis, e:old, r eg ., 1857 114 -116 115 -120 120 -•1!20 . .. - .... . ••. - ..•. . ..• - ..•. . .•• - •....••• - •. . . • .• - • . • . .•• - . ... . ••• - . . .. . ..• - .••• tis, gold, c oup ., 1E87 116 -llfl 120 -120 120 -120 .... - •••. . .•• - ... .. ..• - . ..• . •• - .....••• - ••...••• - .... . ... - . •• . ... - ..•. . .• - ... . 6s, gol:i loan. 1883 . . 115 -116 120 -1.20 6s, gold loan, 1891.. 120 -120 121 -1:.l:.l i2Q° -12i° i2o" -1~0 .. -120 .. jjf ··120. 1i9. -120 .. iio· -ti!i°. iiiJ. -1i9 .. iis· -Ifo. iis' -tis" tis° -ti6" 6s, gold loan, 1892 .. 120 -121 122 -122 120 -121 120 -120 120 -120 117 -120 119 - 120 119 -119 ..•• - •.•. 118 -119 115 -118 116 -1.16 6s, gold loan, 1893 . . 121 -121 122 -123 121 -121 120 -120 120 -120 117 -120 119 -120 119 -119 ..•• - . . .. 118 -120 115 -118 116 -116 N.Carolina6s,old,J&J 20 - 23 21 - 21¾ 16 - 16 16 - 18¾ 18¼- :2:.l 20 - 2Cl½ 1l - 18 17 - 17½ 16½- 18 15 - 17 1-71/s- 19¾ 15 - 19 6s, old, A. & 0 .. . . . 19¼- 23 21¾- 21¼ 16 - 18¾ 16 - 18¼ 18¼- 20¾ 20 - 20½' 17¼- 17¾ 17 - 17¾ lli¼- 17¼ 15 - 17 17 - 19¼ lf> - lH~ tis, N. C. RR., J.&.J. 60 - 63¾ 67 - 69 65 - 67 65 - 65 65 - 65 6G - 67 65 - 67 65 - 68 fi5 - li7 b6 - 67 70 - 73 70 - 75 · 65 - 67 65 - 65 65 - 65. 66 - 67 65 - 67 65 - 68 65 - 67 66 - 67 70 -: 73 70 - -;5 6s, N.C. RLi.,A.& 0 . 6) - 633.( 6i - 68 6s, N. C. RR.. cou• pon off . .. J. & J . 42 - 46 43 - 49 45 - 48 47 - 4!:l 47 - 47 47 - 49 48 - 4!:l 4i - 48 49 - 48 48 - 48 50 - M}, 50 - 55 tis, N. C. RR., con• pon ofi' . . . A. & 0. 4'2¼- 4'i 45 - 49 45 - 43 47 - 48 4i - 49 47 - 48' 43 - 48 47 - 48 48 - 48 48 - 4~ 50 -_- 54}~ 50 - 55 11 10 - 14 11 - 11 11 - Mi 10 - 12¾ 8¼- 9¾ 8 -:- 9 tl¼' ~¼ 7 -; '8½ 8 10 -: ll 6s, funqing act, 1866 ta - 17.!c'. 16 - 16 https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis 0 ioo· i~o· 52 STATE SECURITIES. Prices of State Securities ror 1877-(Concluded). 1 •• • IJ.uruuT. IF'JCBRUABT MARoa. , ._ ._ _ _ Lo~~Hig2: Lo~· Hig~ 1:'°~.:__~ig2: N.C.6s,fund.act,'68l15 -16 15 -16 10 -14¼ ~!!, D t: W, J. & J..... 8 - 11 11 - 12 9 - 10¼ 6e, new, A. & 0.... 5 - 11 11¼- 12 8~- 10¼ &!, spec. ·t ax, £1aes 1 2 - 3¼ 2 - 2¼ ~ - 2½ 6s, spec. tax, class 2 2 - 4 2 .,. 2½ t - t 6s, iipec. tax,class3 2 - 4 i - 2½ 2 - I: Ohio tis_, 1881.. .•• ~:. 103¼-103½ 1()4 -104 105 -106 6s, 1836 ............. 110 -110 111 -112 113 -114 Rhode Islan5I 6s . . . ... 110 -110 110 -110 110 -110 Uouth CaroJrna 6~. • . . 32 - 36 35 - 36 35 - 37 6s, J. & J. • • . . • • . . 32 - 35 35 - 36 36 - 87 6s, A. & o. . . . . . . . . 3 l - 35 g5 - 36 36 - 37 6s, funding act 1866 33 - 35 35 - 36 36 - 38 6s, LandC.,'89. J&J 40 - 45 45 - 45 45 - 45 6s,LandC.,'89,A&O 40 - 45 45 - 45 45 - 45 7s or 18 ,s.... . .. . . . 35 - 35 35 - :;s 35 - 37 7~, non-tundabla... 2~- 2¾ 2)9- 2¼ 2~- 3 Tennessee 6s, old.... 42¼- 44 4i¼- 43 42 - 44 ISs, new . . .•• .•• 42¼'- 4'3.¼ 42 - 42¾ 42¼- 44 6s, new series..... ~2 - 43 42¼'- 42¼ 42~- 44 Virginia 6s, old..... 30 - 30 30 - 30 30 - 30 Gs, new, 1865. ••• • .. 29 - 30 30 - 30 30 - 31 6e, new, 1867 . . •• • .. 29 - 31 30 - 30 · 3,1 - 31 es, consol. •• _. .• .. •. 78 - 79 78 - 79 79 - 80"" Is, ex mat. coup ... 66¼- 66,¼ 66¼- 67¼' 66~- 61½ • ISs, consol.,2daeries 35 - 3~ 37 - 37¼ 3!-) - 39 6e, deferred .•• . .. • 6¼- 7 7 - 7 5 - 6 Diet. or Col. il-65e,19'2t 70 - 78)( 71 - 72¼ 71¼- 73 Small bonds..... ....... - . • .. .. • • . . .• .. . . .... .,.~git1tered bonds .. .... - .... 72!,l- 72!,ci 7H(- 72¼ APRIL. I MAT. I I f~-~~gh_. Jmn:. ~i~E::_ Low.~igh. JULY. I Auous-r. lSBPTBll'B.I OaroB1m. ,Nov.11:imBRID11:<mnim Lo~Hig~ Low.Hil{h. ~ i g h . Low. High. Low.High..: Low.High. 11 -11 11 -12¼111 -11¼1 8 --9½ s-·.:-s¼-8-- 8¼_7_-87½.:10¼1_9 ___ 10¼ 9 - 10 Y - 10" 9 - 10~ 7 - 771 7~- 7)( f1' -771 6 - 1 ti - 9¼· 7 - 7 9 - 10 9 - 10¼ 9 - 10].& '7 - g 'T - 7¼ '71' -7½ 6 - 7 6 - 9Ya 7 - 1 I - I 2 - 2 2 - ~ I - ~ 1 - i 1¼ -2 1~- 1¼ 1!('- 2¼ 2 - 3 2 - 2 j 2 2 - t 2 - I 1 - 1 1¼ -1¼ B(- 1½ 1 - 2" 2¾- 3 1 - 2 2 - 2 1¼- 2 1¼- 2 1 - 1. 1¼ -1¼' lJ.- · 1.½ 1 - 2?1( i _ 3 106 -107¼' 107 -107¼ 104 -107 104 -105 10i -105¼ 1J5 -105.lt 104 -105¼ 104 -106~ 103 -106 l\3¼-114 113 -114).( 110 -114¼ 110 - 110 111 -111 110 -110 105 -108 106 -112 106 -110 110 -110 110 -111 110 -110 107 -107 107 -107 107 -107 105 -105 106 -108 108 -llll 38 - 45 40 - 42 37 - 42 Sl - 33 37 - 40 40 - 40 40 - 40 40 - 4-3 40 - 40 3, - 45 38 - 40 37 - 42 37 - 38 30 - 86 32 - 32 30 - 30 30 - 35 30 - si 38 - 44 38 - 40 37 - 42 37 - 38 30 - 36 si - 32 30 - 30 30 - 35 30 - 34 38 - 44 38 - 40 37 - 42 37 - 45 30 - 36 32 - 32 30 - 30 30 - 42 30 - 40 45 - M 45 - 50 45 - ISO 45 - 45 40 - 45 40 - 40 40 - 40 40 - 45 40 - 40 45 - 50 45 - 50 45 - 50 38 - 45 40 - 45 40 - 40 40 - 40 40 - 45 40 - 40 37 - 45 40 - 40 37 - 40 37 - 33 so - 38 32 - 32 so - 35 30 - 35 30 - 35 2~- 3 2¼- 2,¾ 2 - 2 1 - 1½ 0(- l.J,.( 1 - 1¼ 1¼- H( 1 - 2¾ 2 - 2¼ 43 - 4:'l¼ 3¼- 44 43 - 44 43 - 43¼ 43 - 43¾: 42 - 44 42¼- 42¾ 43~- 47 36¾- 44 43 - 43 ~3 - 44 4:3 - 41 43 - 43¼ 43~- 43¾ 42 - 44 4 1)4- 421,{ 43¼- 46¼ 35 - 43¼ 4:'l - 43 43¼- 44 43 - 44 43 - 43rs 43 - 43¼ 41¼- 44 4.2 - 42½ 43¾- 45 3~ 35 - 43¼ 31 - 32 31 - 32 · 30 - 31 30 - 30 30 - 30 30 - 30 30 - 30,¾ 31 - 34 30 - 34 32 - 32 31 - 32 31 - 31 30 - 31 30 - 31 30 - 31 30 - 30 31 - 34 , 39 - 34 32 - 33 31 - 32 31 - 32 30 - 30 30 - 31 30 - 31 30 - 30 31 - 34 30 - 34 82 - b3 81¼- 82¼ 82½- 83¼ 78 - 82¼ 77 - 78 75 - 78 iO - 73 1i - 72¼ 6~¼- 70 711,!.(- 72 70¼- 71¼ 71¼- 73 64 - 70¼ 63¼- 66¼ 61¼- 65 57 - 59 . ~¼- 61 56 - 57¼ 4:& - 45½ 40 - 41½ 40 - 44.¾( 40 - 41 40 - 41½ 41 - 43 40 - 41½ 42 - 44 39 - 41¼ 5 - 5 5¼- 6 5 - 5 5 - 5 5 - 5 5¼- 5¼ 5¼- 5¾ 5¥- 5 3 5 - 5¼ 73¼- 74¼ 74½- 74¾ 74¼- 77¾ 73¼- 79¼ 763'- 77 73 - 73¼ 73¾- 73.¼ 74¼- 7'5.¾a: 74¼- 75¼ . •• .. . • .. • • . . .• . .•• - .. . • . • • - . • • • .. . • .. • • . .. - .. . . 74 - 74 74 - 74 7i - 75 74 - 74¾' 74½-,743' 74¼- 79 ..... - •••• 77 - 77¾ 73¼'- 73¼' 73 74- 73!-.( 74¼- 74 74¼'- 75" 18'18. J.A.NUARY.IFEBRU.A.RY MARCH. APRIL. MAY. JUNE. JULY. . AUGUST. ISEPT'MB'R OCTOBER. NOVEMBER; DEOElllBBB DESCRIPTION. ___________ Low.High.Low.High. Low.:_~igh. Lnw.Eligh. Low.High. Low.High. Low.Hi~h. Low.High. Low..:_High. Low.High. Lo'\\'.,High Low.High. Alabama 5s, 1883 . ... 5s, 1886 ............ 88, 1886.. ........... &, 1888. ........... 88, M. & .E. RR. . . 8s, Ala. & Chat RR s~. 13!l2. . . . . . . . . . .. 8s, 1893.. . . Arkaneas6s, fnnded . . 7s,L.R.&FtS.il!s. 7s, Memph & L. R. 7a,L.R.P.B. &N.O. 7e,M.O.&R.Riv .. 7e, Ark. Cent. RR.. Connecticnt 6s ... , .. Georgia tie........ . 'is, new............ 7s, endorsed........ 7s, gold . ... ...... . Illinois 6s, '79, coup .. war loan .......... Kentucky 6s..... ... . Lonisiana 6s.. . . . . . • . new bonds. . . . . . . . . tis, new float debt.. 7s, penitentiary . .. fis,Jgveeb,,nds •. .•. Ss. levee bonds..... 81:1,leveebonds, '75. 0 -to - 40 39 - 40 39 - 4f 39 - 40 39½- 40 - .. . 5 - 5 20 - 20 20 - 20 253('.- 26½ 4 - 5 4 - 6 4 - 5 4 - 5 4 - 4 105 -IVS 100 -101,¾ W4¼-l05¾ 101 -104¼ 105¾-lOti¾ H)0¼-103 101 -103 - . . 55 - 56 55 - 56 55 - 56 55 - 56 55 -56 55 - 56 . 55 - 56 40 - 4f) 4fl - 40 40 · - 40 .. 5 . 20 - 20 20 - 20 22 - 2j 3 - 4 3 - 4 3 - 4 3 - 4 4 - 4 105 -108 96¼- 99¾ lOli -106¼ 104 -105¼ 105¼-106 100 -101 100 -101 100 -101 50 - 56 56 - 5ti 56 · - 56 56 - 66 56 -56 56 - 56 56 - 56 ·soi,= ·si¼: s· - 41¼- 43 41½- 43 42 - 43 42 - 43 5 - 5 20 - 20 :20 - 20 18 - 20 3 - 4 3 - 5 3 - 4 3 - 4 3 - 4 108 -108 !l!l¼-100 107 -108¼ 104½-lO'i¾ 1Q6 -107½ 100 -101 100 -101 100 -101 55 - 57 55 - 57 55 - 57 55 - 57 55 -57 55 - 57 55 - 57 https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis 43 43 43 43 - 43½ - 4:1 ½ - 43)2 - 43)11 - .. . . 6 - 6 20 - 21 20 - 21 20 - 25 4 - 5 4 - 5 4 - 5 4 - 5 4 - 5 103 -103 100 -1001,( 108¼-109.¼( 108 -108½ 107 -107½ 101 -102 101 -102 101 -102 54 - 56 54 - 56 54 - 56 54 - 56 51 -56 54 - 56 54 - 56 4:3½- 44 43½- 44 13,½- 44 43¼- 44 .... - . . . 6 - 8 20 - 20 20 - 20 22 - 2'2½ 5 - 5~ 5 - 5¾ 5 - 5¾ 5 - 5¾ 5 - 5¾ 108 -109 100.l(-101¼ 10!!,¾-109½ :08¼-108½ 107¼-108 102,¾-103 102Ys-103 102¼-103 50 - fi2 50 - 52 50 - 52 50 - 52 50 -52 50 - 52 50 - 52 sa¼ i~¾= ig¼ 75ig :- 77ig 10¼= so½ 73 - 75 69¼- '•9 c~~!~~iiiatecC· 83¼ 84¾ ·11 : 'i's, small... . .. .. .. • . 79 - 81 81 - 81 76 - 81 Michigan 6s, 187~... . . 00 -HJO 100 -100 100 -10l 69, lt:83. . .. .. .. . .... 101 -105 102 -103 104 -105 7s, 1890. ............ 111 -111 112 -113 llO -113 Missouri 6a, due 1878 100 -100 100 -100 100 -101¾ ti~, 1882 or 1883 .. ... i02¼-104 102 -lV2½ 103 -103 68, 1886............ 104 -104¼ 104,¾-105 104¼-105 6s, 1887 . . . .... .... . 104 -104½ 104,¾-105¼ 104,¾-105 6s, 1888. .... . ..... 104¾-104¾ 104¼-105¼ 10t¼-IO'l¼ tis, 1859 or 1890 . ... 104),(-105 i05 -10ti 105 -106 A~y. or Uni., '92 ... l05¾-lu6¼ 105 -105¼ 105 -105}. fudg, due '94-'95 .. 107 -107¼ 107 -1081/, 108 -108½ Han. &St.Jos., '86. 103,¾~104 103 -104 103 -104¾ Han. & Sr.. Jos, •3;. 103½-104 lu3¼-104 103 -104¼ New York 6~, gld,reg ..... - ........ - .... 6s,gold,coup,'87.. .... . ..... - . . . . . - .... 6s, gold. coup. '91 . 115¼-116 !15¼-116 116 -118 6s, gold, coup, •~2. 115),(-116 1151(-116 116 -117 · 6s. gold, coup, '93 116,!,i-116 115),(-116 116 -121 N. Caro. 6s, old, J&J. 15 - 17.½ 16¼- 17¾ 15 - 153' 6s, old, A&O ...... 15 - 17¼ 163(- 17¼ 15 - 16 fis,N . C.RR., J&J 70 -70 65 -70 65 -67 6s,N.C.RR.,A&O 70 -70 65 -70 65 -67 6s, coup. off, J &J.. 50 - 51 51 - 51 45 - 48 6s, coup. off, A&O. 50 - 51 51 - 51 45 - 48 6s, funding act. 11'66 9,¾- 10 9,!<S- 10),f 8,¾- 10 6s,fundingact,1868 9 - 9.½ 9 -10 8¼- 9 tis, new bonds, J&J 7 - 8½ 8½- 9 8 - 8¼ 6s, newbondfil. A&O 7 - 8½ 8,½- 9 8 - 8¼ Special tax, class 1. 2 - 2 2 - 2¼ 2~- 2¼ do class 2. 2 - 2 2 - 2¼ 2 - 2¼' do class 3. 2 - 2 2 - 2¾ 2 - 2¼' Ohio 6s, 1831. ....... lOl¼-104 104 -104 101 -105 Obio 6s, l t 86.. ... . . . 105 -100 106 -109 108 -109 Rhodelsland6s ..... 105 -106 105 - 108 !08 -112 :Sou:hCa1olina6s ... 40 - 41 40 -' 41 40 - 41 6s, J &J... . • • • .. 30 - :JO 60 - 30 30 - 30 6s, A&O .. .. . . . .. . 30 ·- 30 30 - 30 30 - 30 lie,fundiogact,1866 35 - 36 30 - 35 30 - 30 6s, land C., '89, J &J 40 - 41 40 - 41 40 - 42 40 - 41 40 - 42 6s, land C., '89,A&O 40 - 41 7e of 1838 ..... .. ... 30 - 32¼ 30 - 35 30 - 30 Non-fundable b'ds. 2 - 2 ¾- 2 1 - 2 Tennessee 6s, old... 33¼- 38¼ 36 74- 39 36,½'- 38¾ 6s, new . .. ...... 1;!31'- 37.½ 35!,(- 37 35 - 36 35 - 35½ 6s, new aeries ...... 33½- 37½ 35 - 37 Virgin -a6s, old ..... . 30 - 3J 30 - 31 25 - 29 6s, new, 1866 . .. . . .. 30 ~ 30 30 - 31 30 - 32 ji~, nt:W, 1867 .. .. . . 30 - 30 3Ll - 31 30 - 32 6t1, consol. bonds.. . 67 - t;7 6i - 67 67 - 70 6s; ex-matured conp 54¼- 57.J,( 55 - 56 56¼'- 58 6s, consol. 2d aericli 40 - 40 40 - 41 35 - 37 6s, deterred........ 4½- 4¼ 4 - 4¼ 4¼- 4.½ Dist'ctCol. 3·65s, 1924 75¾- 77¼ 76¼- 'i7¾ 74¼- 76¾ Small bonds .. . .. 7ti - 76 7ti¾- 77 75¾- 76¾ Registered bonds .. 75¼- 761/a ~fi¼- 773,( 75 - 'i6¼ ~:. 43 - 43½ 43¾- 4:3¼ 4 ,¼- 43,½ 43-"4,- 43~ 5 - 5 20 - 20 20 - 20 20 - 20 4 - 5 4 - 5 4 - 5 4 .: 5 4 - 5 108 -109 100 -1001' 108 -108.¾ 107,¾-108 106 -107¾ 101 -101¾ 101 -101½ 101 -101 55 - 56 55 - 56 55 - 56 55 - 56 55 -56 55 - 66 55 - 56 101 -103 1C4 -104 110 -lla 101¼-101¾ 102 -1C3 103¼-104 104 -104!,( 104¼'-104¼ 104¾-:05¼ 1r5 -105 108 -108¼ 100¼-lC,j 100 -103 - 101,¾ -102 102¼-102¼ 103 -104¼ 104 -104 108 -113 110 - 110 101½-102 l02¼-102Ji 102,¾-103 103,½-104 103 -105 106 -106~ 104¼-105'&( 1063,.(-106¾ 103,½-105~ 106,¾-106.~ 105½-106 106¼-107 105 -107 106 -107 107¾-108¾ 1('7 -109 103 -104¼ 105 -106!t' 103¼-104¾ 105 -106¾ 113 -114 112 -111 114 -114 114 -115 .. .. - ........ - .. .. .. - .. . . .. - ....... - .... 120 -120 120 -123 117 -120 15¾- 17 16¼- 17 16 - 16½ 15¼- 16¾ 161/,- 17 16 - 16½ 68 -70 'i'O -70 70 -70 68 -70 70 -71 70 -70 48 - 50 50 - 51 bO - 50 48 - 50 50 - 51 50 - 50 9 - 9.¼( 9 - 9 9 - 9,½ 8¼- 8¼ 8¼- 8¾ 9 - 9 8 - 8¾ 8 - 8¼ 8 - 8¼ 8 - 8¼ 8 - 8¼ 8 - 8~ 2 - 2)11 2 - 2¾ 2 - 2"4 2 - 2¼ 2 - 2¾ 2 - 2 2 - 2.)( 2 - 2¾ 2 - 2 105 -105,¾i' 104 -106 103 -10fi 108 -108.)<j 108 -109 106 -109 113 -1 16 115 -117,½115 -116 40 - 4?. 42 - 44 41 - 45 30 - 30 30 - 31 30 - 30 30 - 30 30 - 1:!0 30 - 30 31) - W 30 - 30 30 - 30 40 - 42 40 - 42 40 - 40 40 - 43 40 - 42 40 - 40 30 - 30 30 - 30 30 - 30 2 - 2 2 - 2¼ 2 - 2¼ 39 - 39!( 39 - 39¾ 36 - 36 36 - 36¼ 35½- 36 35 - 35,½ 35¼- 36 35 :!.,- 35¼ 35 - 35 27 - 27 2:3 - 27 20 - 20 27 - 31 25 - 27 20 - 23 27 - 34 25 - 27 20 - 23 70 - 7:J 70¼- 75 70 - 72½ 583'- 60¼ 59 - 62 58J,~- 59.¼ 20 - 32 29 - 32½ 25 - 25 43'- 4,½ 4 - 4¼ 4 - 4¾ 74¼- 75¼ 76¾- e2¾ ea - 84 75¼- 75,½ 7ti - 76 .... - . . . 74 - 75 76¾- 7113,( .... - ... 43 - 43 , 43 - 43½ 43 - 43½ 43 - 43 · 43 - 43½ 43 - 43½ 43 - 43 43 - 4 l½ 43 - 43½ 43 - 43 43 - 43,½ 4~ - 43¼ . .. 8 - 12 12 - l3¼ 8 - 10 9 - 10 7 - 8 20 - 20 20 - "o 20 - 20 20 - 20 ::o - 20 20 · - 20 00 - 20 20 - 21 21 - 22 3 4 3 - 4 4 - 4½ 3 - 4 3 - 4 4- - 4.¼ 3 - 4 3 - 4 4 - 4¼ 3 - 4 3 - 4 4 - 4¼ 3 - 4 3 - 3 4 - 4,½ 10 7 -108 107 -108 107 -108 1<r2Ya-102¾ 99 -100 LOO -100.¼( 106>2-107 i07 -107¼ lC ; ½-108 l05¼-106½ 106 -106½ W61/,-107 106 -108 107 -1P7½ 107 -108 100 -100½ 100,½-101 101 -101¼ 100 100 -102 101¼-lOl! 100 -100¼ 10-1 -101 lOl½-102 50 - 52 50 - 50 50 - 50 50 - 52 50 - 50 50 - 50 50 - 52 eo - 50 50 - 50,½ 50 - 52 50 - 50 50 - 51 50 - 52 50 -50 bO -50 50 - 52 50 - 50 ,.., 50 - 50 50 - 52 50 - 50'- 50 - 50 42 - 42¼ 42 - 4:J 43 - 43½ 42 - 4:J 42 - 43 43 - 41l½ 42 - 42½ 42 - 4'3 4·J - 43~ 4~¼- 4:l½ ~2 - 43 43 - 4&~- ....... - ........ ... . 5 - 5 20• - 20 20 - 20 20 - 20 20 - 20 20 - 20 20 - 20 25 - 21 21 - 22 15 - 22 4 - 4 3 - 4 2 - 3 4 - 4 3 - 4 2 - 3 4 - 4 3 - 4 2 - 3 4 - 4 3 - 4 2 - a 4 - 4 3 - 4 2 - 3 1(16 -108 107 -108 107 -108 lOll -100½ 100 -100¾ 101 -101¾ 107~·-108 108,¼-109¾ lOll ½-110 ,Oi' -J08J,i 107 -1G7½ 08.¼(-109¾ 107 -108 107 -108 108 -109 IOI -102 lOl ½- , 03 103 -10.3 101 -102 :02½-103 103 -103 101 -102 103 -J03}8 103 -104 50 - 50 5~ - 50 50 - i'i2 50 - 50 52 - 52 50 - 5·1 50 - C.3 52 - 52 50 - 52 50 - 53 52 - b2 50 - 52 50 -53 52 -52 50 -52 50 - 53 52 · - 52 50 - 52 50 - 53 52 - 52 50 - 52 73 - 75 100 -100-" 103 -JOI 108 -109 100 -100 101 -101½ 103 -104¾ 103~-104½ 101 -105 104 -106 104 -104½ 1114,¾-105 103 -103¾ 103½-103¼ 113 -113¼ 113 -113)d' 120.¼(-120.¼( .. .. - ... 121 -122 1< 14¼- 15¾ 14½- 15¾ 70 -70 70 -70 50 - 50 50 - 5:.l 9 - 9½ 9 - 9 8½- 9 8 - 9 2 - 2 2 - 2 - . . .. 103. -104 106 -106¾ 112 -112 44 - 44 30 - :iO 30 - 30 30 - 30 40 - 40 40 - 40 30 - 35 2 - 2 35 - 36 33½- 34 33 - 3:'l¼ 20 - 20 20 - 20 20 - 20 70 - 72 55 - 57 25 - 28½ 4 - 4 80 - 83¼ .. .. - . . . 83¼- 83½ 74 . .. - . .. . 101)6-102,¾ 104 -105 115 -115 101 -101~ 102 -108½' 103 -105½ 103¼-106 104 -100,½ 104)(-' 0li¼ 104 -105 106 -106 103 -103¾ 10:3½-10 1¼ 113 -114 113 -113 121 -122 121 -122 121 -122 16 - 16½ 16 - 16,¼ 74 -74 74 -74 54 - 5! 54 - 54 ii - 9 9 - 9 8½- 9 8,½- 9 2 - 2 1½- 1½ 1 - 1.½ 104 -105 103 -110 107 -03· 40 - 44 25 - 28 - . .. . '23' - 30 30 - 40 30 - 40 30 - 32 1¼- 1% 33 - 33¼ 31J{- 31¾ 29,¼- 31,½ 20 - 24 22 - 25 22 - 23 70 - 72¼' 52 - 54¾ 30 6½- 6 76½- 'i7¼ 77½- 77,½ .... - .... -100¾ 14· =iiii ·10~= 73¾ ·12¼:·1.ix 69 - 71 100 -101 102 -104¼ 110 -llO 100 -100 101 -101 102 - 104!.( 102¼-104 74 102~-105),( 102¼-104½ 103 -104 105 -lOfi 102 -103¼ 102 -103¾ 113 -113 113 -113 120 -120 120 -120 120 -121 U¾- 16¼' 14,½- 14¼ 70 -70 70 -70 5tl - 50¾ 50 - 5fl,¼ 8¼- 9 8 - 9 8 - 8¾ 8 - 8,½ 2 - 2 2 - 2 2 - 2 104 -!O! 106 -106 110 -!10 44 - 44 21 - 30 20 - 30 27 - 30 40 - 42 40 - 42 32 - 32¼ 1¼- 1¼ 3~ - 35 33!,(- 33¾ 33.1/a- 33¾ 20 - 21 20 - 21 20 - 21 70 - 72½ 53 - 55 28 - 28,¾ 4 - 5 79 - 81¼ .. • - . .. . .... - .. .. . lO l¼-102 104 -104 111 ·-111 IOQ -101 101½-102 102¼-102¼ 102½-103¾ 102¼-103¾ lOl¼-103,½ 103 -104 104 -101\ 102½-103¼ 102¾-103½ 113 -113 113 -113 121 -121 121 -121 121 -Ul 16,¾- 16¾ 16 - lb¾ 71 -75 ;1 -75 52¼- 54 52¼- 54 8~- 9 8¼- 9 - - 9 G - 9 2 - 2 1¼- 1½ 1¼- 1½ 104 -105 106 -110 108 -110 . 44 - 44 27 - 28 27 - 27 27 - W 40 - 41 40 - 41 31 - 32 1.¼- 33 31.¼(31¼24 25 25 72 54.¾(29 5!1(78 -_ 79 1¼ 34 32 3.2 25 25 25 73 54¼ 31~ 6 79¼' . ..• 79 =foi. 'is½: 78¾ 7 4 - 7" 30¼ 0 69¼: 73¼ 69 - 73 1021/,-JOa½ 103¼-113¼ 104¼-10.,,¾. 105 -106 lll -113 112 -111 102 -102¼ .... - ... . 103 -103¾ 101¼-104¼ 104¾-105,½ 105Ys-105¼ 104¾-105¾ 105¼-105~ 105¼'-105:V. 106 -106;\( 105½-106¼ 106J!.-106¼ 101 -105~ lOi -106 10:i -10\J 108 -109 103½-104½ 105 -105 103.l§-104¼ 1(15 -105 113 -114 110 -11~ 11:3 -115 113 -113 121 -124 120 -122 121 -12'1 121 -122 121 -1 ~5 122 -125 15.!,(- 17.¾ 18¾- 19¼ 14 - 17;. 18 - l!l¾ 80 -81 84 -85 80 -81 64 - 85 60 - 61 64 - 65 60 - 61 64 - 65 9 - 9½ 10¼'- 113:( 9 - 9¾ 10),(- 11¾ 9 - 9¼ 10¼- 11 8¼- 9.J,,( 10¾- 11 2 - 2½ 2.¼(- 2¼ l¾- 2 2 - 2~ 1,½- 1¼ 2 ~ 2· 104 -105 102 -105 110 -110¼ 107 -111 107 -112 110 -112 20 - 25 25 - 25 5 - 10 10 - 10 5 - 10 10 - 10 5 -10 10 - 10 10 - 20 l O - 10 10 - 20 10 - 10 6 - 10 10 - 10 1¼- l¼ l¼- 2 30 - 31¼ a·,¾- 36 25¼- 28,¼'. 29,¾- 30 25 - 28 29,li(- 29~ 22 - 25 2i - 27¼ 22 - 2 i 26 - 29 22 - 25 26 - 28 70 - '12 72 - 7-1 52 - 56¼ · 55 - 55¾ 29 - 35 3l - 39¼ 6.¼(- 7½ 7¾- 7¼ 77 - 77)4- 73¼'- 79 77¼- 77J;a .... - .... 77 - 77 78 - 79 j RAILROADS AND THEIR SECURITIES. PRICES OF STOCKS AND BONDS, 1860-1878. Railroad building in the United States reached the highest point in the year 1871, when 7,670 miles were constructed. In 1870 5,690 miles were built, in 1872, 6,167 miles, and in 1873, 4,049 miles. From "Poor'R Railroad Manual" the following table is compiled for 1877, to which are added the totals for three previous years : STATES AND TERRITORIES. Tracks- Cost of Railroad General Liabilities. .\1ain and and Equipment. Capital Stock. Funded Debt. Branch. ------ --- ----- I ~~t!~;>E:YT.:J./;_:_;:::::i;:;:;;:::::::• New Eagland 8tate1:1 . ... . .......•..•••......••... Miles. t:f~:!~!a~-i~_-::: ."::: _- ." ." ." .... .".: ." _- ." :::~: :::::::.. ::::;:: Mary land and District of Columbia . . . . _.......•....• . West v irgioia .. . ............ . .. .... . . . .... . . .... . . . Middle States . .. . .......... . .. . ................ . Southern States .. .................. . .. . . . ... .. . . • . . . ..................... . ~:ttic:•e•:-~-~~-~~~-:-:-: :-_-:-:-:-:-: .: :-:·:. :-:·:_: ·: ·. ::~:::: :: :::·:::: ~ :~~s~~~ri_ ."."." __-_-_- .'.". ·:::: . . : ·:::::. _-: .. ·::. :: : ·.·.: ::: . : : ·. : : Co 'orado .. . . ......... . ... . ........... . ... . .. . .... . Arkan ~as .. . . . . . . .... ... . ............... .. .... . Texas . .......• .. ........•••........................ Western and Southwestern States .......... •• . . . California. ........................................... . Nevada ... . ............... . ....••• .. ....• . ... -... •· Utah Territory .............• ... . .... .... .....•••.. . ... OrPgo11 .. . ............•.•.. . ... . .................... Washington T erritory . .. . ...•....................... Pacific States....... . ......•..................... rTn ion Pa· ific R'lilrcad . •.............•..........• . . Central Pacific Railroad . ...............•............ Padfi.c Railroads....... .... . .......• $16.l'l8,101 16.76=:l.420 2:-!,l-81,964 109,819,748 4,573,393 38,225, 047 $24,215,111 6,279,0i7 20,5i0,400 42,6'll. c34 2,479,FiOO 15,694,000 5,750 . $313 233,185 $209,402,676 $ll1,919,i22 9 n9 674 989 2,177 ]39 1,089 ---$3,548,472 3, 051, 5L· 4,039,688 23,51P,5• 2 1,195,706 9,241,186 $692,923 748,lRti 1.105.505 7,194,808 418,616 3,5i5,710 - - · - ------- --··-6,03:3 $44,590,465 $13,735,746 $203,23 ~,912 104.172,500 · 324,272.834 l ,85~,700 72,541,8'::7 5:i5,000 5,490 1,342 5,260 154 117 $56,008,809 2l ,tili6.t7f\ 6::!,019.839 533,835 14,077,624 636,8::!8 $19,4fi4,997 7.978,9:iS 27,879.058 160,418 5,4'!4,010 116 068 $714,475,880 s:06,6a2,833 13,597 $ !55,9i3, 121 --··-489 $!i2,629,206 65.018,725 !l2,234,0H 36 8!l::J,4.q2 3S,0&'l.237 5Cl,4H,622 17.420.000 88,7.!!l.li45 7,51\1,5 -{ I 36.4~7, 'l25 $44,453,852 40.717,372 17,622 .683 i6,41!:! 770 2 1,105,388 39,063.5!!6 10,3 ,0,000 41,9:?5 .093 3,512,708 22,504,825 $ ~3, 301.517 2i,499,730 12,057. 224 15,334,100 16. h9i,462 23.942,:',<10 li,082,00,l 4i,9:!7,451 5,801,714 13,293,500 1,883 1,383 91 3 864 1,321 1,944 $7 023,:W fl,671i,fi20 1,801,724 3,6 :6,690 3,464,790 6,5til,680 $2,045,604 2,713,!'i39 675.217 1,393,618 l.lll0,575 2,366.384 1950 280 729 5,903,907 909,851 3,8b4,S55 i ,a"ri4; 149 5.795 1l,299 3,704 9,027 2,!lOl 2,103 295 2,827 736 4,352 2,2 3 843 474 2,096 $378 457,413 la8.!l71,992 ! 62,736,695 447,549,804 I 13,55·!,034 76,607.048 7.97fi.277 !!5.447,283 21 .681,784 231.907 '.71 97.67ti,358 32,0:35 I ~O 16, -129, 42S 82,842 915 $215,48~, 709 56,582, 543 7!1,78'-..786 237, ~98,423 58.357,542 3Y,813,171 6,27 ,9::l3 55,548,207 14,1 '- 8.27d 121 ,7!3>i,71l 36,481,950 17,5\)0.300 3,502,90) 26,891,333 $196,584,954 84,927.657 89,900,124 202,670,143 58, :<2\l.252 35,W,530 1,18!1 950 37,491,500 18,788,237 125,097.21 7 70.383, 100 14,800,500 7,650,000 56,315,991 5,710 3,274 3,6t2 9,360 2,871 2,090 295 2,29 1 61a 3,889 2,2:i4 631 3()1 1,925 $44,477,817 14,183,492 15.721,638 ll,~34,029 4,446,050 485,001 5,6~0.4~3 1,! 30,368 20,375,459 8,071.888 1,064,223 463, 104 8,690,914 $14,452,109 3,551,234 3,5fi4,3!J8 22 .001, f>81 4,i i 3,097 1,:H2.0<15 152.293 1,25n,!l50 517,370 7,951,114 3,113,920 429,045 194,9fi8 3,412,06!1 40,742 s1,9oe.si:-1,9s2 $9i4,549,821 $999,520,205 39 ,135 $193,204,516 $66,0S5,243 1,375 189 283 :.!47 191 $99,845,256 5.2Sil,000 11,3i7.fi77 6,08·1.726 4,146,216 $56,473,384 2,50lt,{J00 5,50j,OOO 1,362 $5,770,i51 ·i50 . ·3,i58, 150 $38,045,0' 0 2,50P,r ou 5,670,000 11,250. flOO 3':'!1.800 . "i.00°9°,454 867.2-14 120,033 1.0-12 1,203 $118,198,755 145,30!1,575 $3R,762.300 51,275,!iOJ $78.062,512 82,740,68•) 1.042 ...__1,203 $12,918,476 19,221,606 2,245 $2•i3/i08,330 $' 1,037,800 $160,803,19:l 2,215 $32,170,082 5,500 13,729 16, 131 36,610 1,991 2,1151 :t,28 1j,330,913 1,056,280,509 589, 986,61 l 1;805,874, 991 90,934,330 257,845.871 $195.94~. I 15 h9n.490,676 2""7 223, ~74 9 !9,39!l.210 5~,125,400 91,237,500 $110,146,245 ti76 529 727 313 783,119 5,630 13,510 12,378 $45.760.9!);-l 177.6 3,4 ,7 46,"{18,178 186,242,832 5,864,-316 31,<'33,803 $15,379 072 69,3 -2,:;17 17,l l!l,031 63.9H,968 2.:i:n,3is 17,0-33,517 $48,:i18.\H2 )';5.797.51!! 1!Jti,090,81\9 50,612.320 3,504, 071 29,014 848 $ i5.324,654 65,617,275 69,417.6:!8 16,798,581 1,~99,82~ lfi,614, ' 55 $50,1161,7 4 186,498, 135 214,869,477 52.25!!,241 16,77<.0~6 tlfi.713, 18:3 70,188. 972 75,5l6,ti4!'.> 17,2,,9.3-'32 9,85~,776 f520 .66,016 $ 189,570,958 5,684 1,699 5,5H 199 1,187 14i $421 ,f\ 12,317 lf'i'?,795,016 40S. 3 1.505 4.716. 907 92,210 861 9.777,516 $274,189,476 S!l,069,491 297,569,367 2,6:i9.019 44,774,242 6,214,235 14,459 $1.0'.l fl,'Ot,122 1,883 1,528 1,216 1,058 1,483 2,398 459 2,399 324 991 1,231 $61,0 l3, ::!46,784 631:1,476 - - - - - ---- - -- --·- ------· ---·---------11,271 13,744 $12,664,346 $ -39,812,358 $221,940,198 $474,450,814 $257,634,287 ffaJt/:)iL\.\/._:i\:ii:l : : ; ;: : : :: . Mi nnesota . . . . . . • . • • . . . . $42.3~~.r.21 23,055,00.3 411,323,854 145, 177, >105 6,!l30,4 i3 55,393.077 - · - - - - - - - - ------ - - - - - - - - - - - · - -·- jf[~~:;{/{:\/;/\::\;;/) i:l)::ii:;:): rlllti!~i:---:-.-.-:-:-·-:-:-:-::-::::-:-:-:-:-:-·: :-.-:-.-:-::::::::::::::: :: 1,006 798 i76 2,010 13:3 1,019 ---- ------ ------ N ew York . .•. . ...........•........•......•••....•. New J ersey . ............... . .• . . . ..................... Gross Earn'!!'et, Earnings, Railroad 'l'otal, includ'g ess Operat'g Operated Ex:pensee. Mails, &c. 56, ► 30,060 - - - - - - - - - - - - - - ------ - - · - - - - · - - --- ---- 2-17 13!> - -- --- - -$57,844,800 - - - -$68,236,534 - -,99,875 - 2,-265· - -$1~6, 1,896 1 ---------- - -1------ ----- - -- $1,642,300 •.. 566:029 414,011 i2,797 -·------·$2,655,137 $7,766,922 __ ----·- $7.3!lfi,381 7,657,198 -----$15,05'3,582 Year 1876. N~w En~la.nd States . . . . . . . . ..................... . Middle States .•...••........ . ......•..•..... . .•..... :. S outhern and Southwestern States .......••. ..••......• . Weetern St!! tes . ... .. .•.... ..•... ........ .•. .....•..... . . . . . . . . . . . . .•...................... Pacific St:nes Pacific Hailroacis (Union and Central Pacific) .. . • ... .•. Grand .Aggre,zate ..••..•...•.••..••.•............ ---- - - - - $2,248,418,375 -$4.087,253.225 - --76,212 9f•9,'78."77 48,4!3 ·,000 161,6~3,1!12 I j "'•''' 1,416 2,251 --------------·---$185, i s~,-lso $ 193,~3.52il 69.fi(l3 $2.220.233560 Year IS?:i. New En!?land States.... . . • . . . . ....•.••...••..••• . •• Middle Stares . .............•... ... ........•. ..•.. .•... • ......•... . ..•. .... ... Western States . ...... . . ... Southern States. • . . . . . . . . . . . • . . . . . . .... . . . . ....... . . . . . . .• • . ... . .....••........... P acific States.... Pacific Railroads (Union and Central Pacific) .....•••.. Grand aggregate .•••...• .... ...........• . .•....... 5,'i2 rl 13 730 36.916 14,6 2 1.207 2,251 ---74,515 $ :i~4,304. tiOl 1,061,106,'2 09 1,85 ' ;ti25,768 538,837.416 72,192,118 253,472,645 $1!!0,020, 130 691,49fi,290 947,730,847 258,411.814 46.0t13,850 91.020,500 $147,:!37,162 701,!l55,199 1.070,6 9,fi9.! 340,200,377 39,306,277 158,551, 19i f>,585 13,371 36.161 13,4~5 84G 2,i51 - - - · - ---·-- - - ------$4,- - - - --·-$2.457,875,899 $503,338.549 $185.571.816 71.699 104.518.'757 $2,224.771.431 Year IS?';t. New England States ......... . .. ..... ....•.......... Middle States . .. . ..... . . .. ...•..•............ .. ..•.... We-tern ~t 'ltes . .. . . • . . . . . . . . . . . . . . . . . . . . . .... .... .. . Snuthern States . ............... . . .. . . . . . .• . . . . •..•. Pacific States .. ........... . .. ........................ . 5.~.0:l. 14,'l!Jl 34,88·! 15,602 2,3a9 s ·~43,344,72o 1,318,399,092 1,97·l ,li7,844 5 l 3.50fl,223 159,332,~09 $t37,rn ,.9J5 657,934,60 ? 8!l9,031l,222 213 791,148 83,112,600 $111.218,811 660,46 1,491 1,07:i, 147,62'? 301,'it!i,075 !'6,220,009 Grand a!l'gre~ate . ... . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 71,fi2.3 $4,221.763,594 $1 ,!190,997.486 $2,23 \ 766,108 https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis --,-------- 69,273 54 RAILROAD EARNI.NGS. =-========:-==:===================================:---==:======-== RAILROAD EARNINGS IN 1878. GROSS 11:ARNINGS. For the year 1878 railroad earnings were, upon the whole, exceedingly satisfactory. The roads included in the table below, on gross earnings of $187,060,571 in 1877, show an increase for 1878 of $6,919,357 . In reviewing carefully the course of railroad business during the past tw0 years, the important point to keep in mind is the fact that in these two years the principal crops of the country have been of large volume, and not only bas the actual transportation of the grain and other products caused heavy freightEt, but there has been an indirect influence in the stimulus given to business, causin.g return freights to the West, the increased settlement of western lands, &c. To obtain a fair comparison of good and bad years in railroad business, we should take 1877 and J°878 side by side, and from these strike an average of what a medium year ought to yield. For in 1877, although the last five months (after the grain harvest) showed a large business on many of the western roads, the first seve~ months were exceptionally bad, and the whole year taken together was below a fair average in net earnings, on account of the unsettled rates arising from damaging competition, as well as from the hght, traffic of the first part of the year. Jn regard to rates, there was a much better tone among railroad managers during the year just closed than in the two previous years. The great trunk lines, and in fact all the railroad lines where competition was possible, bad been so seriously injured by the wrangling and "cutting" of rates which prevailed in 1876 and 1877, that it became obviou~ to all that a continnance of the practice would end in the bankruptcy of many of those companies which had so far maintained their solvency. A peace policy was favored by Mr. William H. Vanderbilt, as President of the New York Central & Hudson and Lake Shore & Michigan S@nt.hern Companies, and this be was ab 1e to confirm and still further enforce by obtaining control of the Michigan Central road, which, with the Canada Southern, placed under his management every line of railroad east from Chicago, north of the Pennsylvania Company's leased lines. A pooling arrangement on Westbound freights was found by the trunk line managers to work so well for their interests that in tbe latter part of the year it w · voted to continue the pool for a period of five years. Arrangements for pooling freight among the various competing lines from the West were alao partia11y adopted in the last quarter 0f the year. There is a prejudice among merchants and the public generally against any such close combination among the great railroad corporations as shall practically do away with competition on freights between the West and the seaboard, and a simple arrangement to maintain reasonable rates on freight and passengers is looked upon as the limit to which the railroads should go in making combinations which control, for five months of the year at least, the internal commerce of the country. There is a medium course in such matters, which it is safer for the railroad companies to pursue than to g •> to extremes for the purpose of _reaping large profits until they shall be checked by restrictive legislation. It should be the policy of these corporations to make the lowest charges which will enable them, with economy of management, to pay the interest on their bonds and moderate dividends on stock. In the following table will be found the gross earnings of all railroads whose reports have yet been obtainable for the year 1878, or for eleven months of that year, as compared with the corresponding time ip lS77, https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis Name of Company. Period. Atchison Topeka& Santa Fe .... Year ... . Atlantic Mississippi & Ohio .... Year .. .. Burlington Cedar Rap. & North. Year ... . Burl. & Missouri River in Neb .. 11 mos. Central Pacific .............. ... . Year ... . Ch1cago & Alton ........ . ....... Year . .. . Chicago Burlin,rton & Quincy .. 11 mos. Chicago Milwaukee & St. Paul. . Year .. . Chicago & Northwest., proper .. Year .. . . Cleve. Mt. Ver. & Del. & brchs .. Year . .. . Dakota Soutllern ..... ... ........ Year ... . Denver & Rio Grande .......... 11 mos. Des Moines & Fort Dodge . ..... Year . . . . Galv. Harrisb. & San Antonio . . 11 mos. Grand Trunk (Canada) . ........ . Year ... . Great Western (Canada) . .. . .... Year ... . Illinoi Cent. (Illinois line) ... .. . 11 mos. do (Iowa leased lines)l 1 mos. Indianapolis Bloom. & Wc,;t'n .. Year ... . International & Gt. Northern .. Year ... . Kansas Pacific .... . ........ . .... Year ... . Lake Shore & Michigan South .. Year ... . Memphis Paducah & North'n ... Year . .. . Missouri Kansas & Texas ...... Year ... . Mobile & Ohio ................... Year ... . Nashville Chatt. & St. Louis . ... Year ... . Pennsylvania Rail1·oad ......... Year ... . Philadelphia & Erie . ... . ........ Yea1 ... . Philadelphia & Reading ........ Year ... . St. Louis Alton & T. H. Brchs ... Year ... . St. Lotus I ron Mt. & Southern .. Year ... . St. Louis Kansas City&Nortll'n .Year . .. . St. L. & Aoutheast.-St. L. Div .. Year . .. . do Ken. Div .. Year ... . do Tenn. Div.Year . .. . St. Paul& "ioux City . ........... 11 mos . Sioux City & St. Paul. ........... 11 mos. Southern Minnesota . . ........... Year .. . . Toledo Peoria & Warsaw ........ Yea r . .•. Union Pac;itic .... . . . . . ........... Year ... . Wabash ........................ . . Year ... . 1878. $3,934,121 1,718,456 1,527,667 1,777,382 17,612,534 4,689,820 13,042,978 8,451,767 13,8 18,818 381,858 219,\:!94 1,033,490 211,628 1,148,209 8,862,327 4,376,924 ·•4,934,305 1,3:'i0,764 1,260,947 1,625,444 3,729,606 !14,002,694 186,324 2,981,679 1.901,998 1,631,681 31,636,734 2,921,060 12,809,144 502,807 4,518,236 3,317,816 660;123 354,065 173,07S 554,615 351,666 643,081 1,243,9:'i 9 t12.856,724 5,024,105 1877. $2,679,106 1,776,018 1,249,881 J ,236,632 17,050,976 4,464,343 11,517,139 8,114,894 12,131,135 38G,325 206,542 700,238 148,434 912,063 9,416,878 . 4,43 5 ,588 *4,814,922 1,378,440 1,209,663 1,560,455 . 3,294,549 13,505,158 189,584 3,174,320 1,4 89,454 1,749,209 31,117,146 3,172,992 14,396,342 517,978 4,500,422 3,150,477 617,900 329,236 152,366 498,357 309,L41 689,085 1,106,667 tl2,624',6 3 4,585,913 Total. ............................. . ... $193,979,928 $187,060,571 * In these :figures the earnings of the Springfield Division are included only for August, September, October and November. t The r eceipts of the Misiwuri River Bridge are, iu either year, included only for July, An1.mst, September, October and November t December partly estimated. In regard to the preceding table of gro~s earningl-l, it · is to be remembered that on many of the principal roads the mileage was largely increased during the year, and the total number of miles operated at the beginning and end of the year in each ease, will be found in the table of monthly earnings on the following page. The table 'below shows the net earnings of a11 roads which have been rep0rted for the year 1878 or for eleven montha of that year to November 30, as compare<l with the corresponding period in 1877. In the amount of actual net earnings, when fairly reported, is found the best criterion by which to judge of the real prosperity of a railroad. This is better than the amount of gross earnings, or gross earnings per mile, better than the mere exhibit of a small bonded debt per mile, and better in fact than any other single standard by which the value of a railroad property may be estimated. It may be remarked, however, that earnings should be based on a general traffi0 not likely to fall off suddenly or to be entirely extinguished by local or exceptional causes if the investor is to place any confidence in ' ~ his calculations based upon an estimate of future earninge. NET Jl:A.RNING8, Name of Company. Period. Atchison Topeka & Santa Fe . .. 11 n;i.os. Atlantic Missi ssippi & Ohio .. . . Year .. . . Burl. Cedar Rapids & Northern. Yeat· ... . Burl. & Mo. River in Nebraslra . 11 mos. Chicao-o & Alton . .. . ... . .. .. .... 11 mos. Chicago Burlington & Quincy .. 11 mos. Chicago Milwaukee & St. Paul.Year .... Denver & Rio Grande . . . ........ 11 mos. Des Moin es & Fort Dodge ...... Year ... . Illinois Central. ..... . .. . ........ Year ... . International & Great North'n .11 mos. Kani~as Pacific . . .............. .. 11 mos. Lalrn Shore & Michigan South .. Year ... . Memplns Paducah & North'n ... Year ... . Nashville Chatt. & St. Louis .. .. Year ... . Pennsyl,aniaRailroad . ......... Year .. .. Philadelphia & Erie ............. Year . .. . St. Louis Iron Mount. & South . . 11 mos. St. Louis & So. E.-St. L. Div ... 11 mos . do Ken. Div .... 11 mos . do Tenn. Div .. . 11 mos . St. Paul & Sioux City ............ 11 mos. Sioux City & St. Paul. . .......... 11 mos. Southern Minnesota . . . .......... Year . .. . Union Pacific .................... 11 mos. ~ 1878. $1,812,816 525,806 450,024 1,224,210 1,895,530 5,962,938 3,659,-154 434,859 75,806 3,015,229 545,131 1,441,386 *5,517,711 38,324 576,974 13,167,741 876,111 1,719,486 164,450 52,213 39,738 207,911 105,227 311,152 7,133,534 1877. $1,243,820 477,600 413,284 816,431 1,856,757 5,325,972 3,574,460 339,767 18,767 2,546,561 383,193 1,298,700 4,541,193 63,971 702,586 l2,088,67H 1,123,365 1,864,322 148,782 49,629 27,250 ]8'.l ,085 97,307 296,266 6,740,404 Total.. . ......... . ............. ·........ $50,953,766 $16,222,151 December partly estimated. 55 RAILROAD EARNINGS. MONTHLY EARNINGS OF PRINCIPAL RAILROADS. tl.tch.·l'op.&lil Fe.- .Jan. 1875 .. (509 m. to 629 m.). $68,659 1876 .. (li29 m. to i11 m.). 11 1,417 1'{ 77 .. (711 m. to 78, m.). 134,364 1878 .. (7,6 m. to 81i7 m.). 174,598 AH, Miss. & Ohio.- Total . Feb. Mar. .Tune. .July . .il.ug. Sept. Nov . Dec • $104,052 1so.2n 139,130 2J5,367 $l1t,4·14 197,!i9o 200,681 2~9,tHO fl07,64 5 219,!-!70 1~9,915 30!,636 $104,4·-J~ 186,641 185, i31 2!\J,481 $1 !i:S, 1.50 198,351 187.142 329 ,559 $1 ~>2.215 248,t:38 255,572 466,162 Oct. $73,410 141,132 13ti,350 184,885 $147,55! 265,593 275,012 420,522 $199,926 297,958 342,823 446,528 $178,954 225,793 335,078 438,588 $152,584 204,447 246,778 t~t,185 ,Jt,!S'l0,359 137,990 117,935 131,873 129,105 124,646 126,ll31 123,filt 125,208 128,009 120,091 133,404 127,4H 184, :76 155,012 185,208 153,880 193,666 201,181 161,338 1:'5,892 16·2,088 14.3,241) l,776.018 1,718,456 62,701 101,692 68,094 147,196 97,218 105,843 73,194 125,141 100,535 88,164 72,435 115,277 108,241 100,902 71,605 139,49D 101,70(1 100,70J 69,357 101,015 132,923 73,248 73, 309 95,U07 112,759 77,951 113,625 104,443 1.17,928 90,1300 194,2Z6 138,897 136,125 111,441 171,533 14.1,619 127,879 94,908 138,985 129,494 110,803 90.483 129,5-A 124,6i6 1,311,377 1,128,071 1,219,981 1,5~7,667 1875 .. (1,237 to 1,:109 m). 963,938 :)1)6,159 1876 .• (l, :Ju9 to l, li60 m.) . 91H,33'! 1,01:-,20 i 1877 .. (1,fitiO to 2,074 m.,. 1,170,615 945,171 1878 .• (2,074 to 2,180 m ) . 1,110,989 930,529 1,1:16,263 1, 18t,6S3 1,~t5,37-3 l,22S,592 1,366,934 1,427,035 1,438,li59 1,529,255 1,'i98,4t>9 1,738,370 1.536,225 1,553.0U 1,5c,7,622 1,615,974 1,513,83i 1.33~, '209 1,757,415 1,646,2ii9 1,541.~22 1,696, 15 ~ 1,371.876 t,8 ~S.uti6 1,675,532 1,4·!4,=~17 1,554,653 1,434,233 1,391,867 1,362,072 1,441,29:l 1.806,383 1,8'J5,774 1,354,83·l 1,590,889 1,393,852 1,533,702 1,726,667 1,769,477 1,773,0139 1,537,-!93 tl,438,uOO 17,035,063 18,124, 112 17,050.976 l 7,612,!';34 1877 .. .... . •.. (428 m..J ••• 109,986 1878 ..••...•.• (423 m.) .•. 142,537 Bur. c. H. & orth,1375 .• . •••.••• (401 m.) .•. 102,565 18i6 ...• . . . .. (:i68 m.) ..• 91,931 1877 .. (3'i8 m. to 425 m .). 7:3,961 1879 .". (425 m. to 435 m.). 165,412 .il.prll. lUay. 2,486,588 2,679,106 8,934,121 Central Pacl.O.c- Chicago & Alton1875 .•. ••• . ••• (fi '\O m .) ..• 411,91)0 319,928 ·3•2'l,'219 382,233 387,445 351,0)1 363,627 367,955 1876 .•••• . ••• (673 m.> . •• 30:i,597 451,081 403,671 510,795 3tfl,850 3rj3,91N 4i3,tH5 355,527 1377 ..••.. . ••• (6 8 m.) ..• 351,fiOS 30:'i,921 .32.i , ll46 491,723 :-!53,982 315,4'l5 311, ~66 339.385 1878 .••. . •• . (678 ,n.) ... 301,073 433,473 359,457 563,379 300,186 357,2!!7 335,999 349,883 Chic. Bur. & (l.187'> .• (1, 2'l4 to l 217 m .). 94::l,4 /H 1,066,367 860,945 948,105 920,92:3 761,163 979,560 989,085 11:176 .. (1,297 to UH3 m.). 814,17,j 1,()4(1,8~0 Rl·l/162 9 l5,6:l3 8'35,753 89J,.370 l,04rl,570 1,099,300 1877. •.• •• . ·..• (1,6t0 rn..). 876,8-l5 82~,29!J l, :!30,21\:1 871,768 '4 17,417 957,7:35 939,ti54 960. 193 1878 • • (1, 'i~O to 1.ti~~ m .). 1,0-15,467 945,427 1,632,207 8\H,090 911,150 1,16J,b31 1,118,736 1,275,516 Chic. 1-'Ill . & St. P.1875 ••••••.• . . (1..-!99 m.). 842,395 466,101 742,168 630,516 :-m.213 718,465 502,765 639,669 1876 . • .. . .... (1,399 m.). 635,271) 877, t.9~ 521.5rn 56ll,715 517,1l ·l 819,563 5fi'l"',>i43 650,\lfH 1877 .. (1.:nq to 1,412 rn.). 5~5,fi~O 37\5">4 67?,050 5~3,'?23 403,S82 468,57() 514,733 6tl7,141 1878 .. (1,412 to 1,7l9 m.,. i05,865 618,000 63ti,OOO 668,000 523,000 799,000 663,00ll 785,000 C h lc ,, go & North. w•e11t.1875 ••• . •••.... (1,5() 2 m.) . 8 !5, 159 970,0(ii 1,02!.389 1,161,4'19 1,m2,3:m 1,257,89! 1,093,631 671,781 1876 ...••••. ... (1,502m.). SO'l,842 fl!i1,6·!; 985.fi-!2 !-1-1-l,•llO 9 19,978 1,0~fl,i5 1 1,2·H ,407 1,015,!Ni 1877 . •••.. . . •• (1,50J m.). 721,0.21 92'l,88i 9-H ,888 1,14 l.3 10 930,014 714,116 li153,8!J5 804,5'56 1878 .. (:,SO·l to l,6l1j m.). 9Ll7,7d0 1,(lOl,lJ.l 9H,151 1,065,~5 1, 179,2.:,5 !191,864 1, t:38,474 1, ~-16,0J:! Chic. K. I. k Pa r·.1875 . .•• .. •..• .. (674 m .) . 613,067 618,669 ::i62,259 5oi,230 640,281 66t,98t 6H,6i7 616,773 1876 .• (674 m . to 7:l2 m. \. 499,637 521,120 ti26,7--i8 £51,Hli 514,705 553,727 506,4:U 585,491 18?'7..... . . .. .. (1 ,003 m .) . *4311,ti88 *5:ltl,898 *J32,721 5:-l6,i34 60! ,898 554,17.? 75l,59S 615,177 1878 . . (1,003 to 1,04-3 m.). 6:33/ i96 617,176 618,6il 656,885 710,0l8 7ot,933 871,234 731,791 * 132 miles Illinois Central• 187:'i ......... (1,1 G9 m .) • •. 602,5'}5 591,031 715.899 613.446 481.691 595,519 610,459 604,881 1876 ....• •. . . (1, L09 m.) ... 55i:S,:'>74 666, l 25 4!l4,529 600,ml 531,2ti9 60ii, 134 577. 702 53'1,0J4 1877 .. ••.• (1, 109 m.) . .• 46 , '156 -132, 162 474,086 459,1~3 461,523 4i7, ltl3 666,609 430,557 1878 .•• • . .• . •(1,22J m.) .• 59.2,680 630,6"17 500,0!7 53:i,110 539,813 542,471 5.2l,352 591,169 lud. Bloom . & \V.1875 . ..• . .••.. (3~.3 m.) .. • 116.826 91,744 89,694 82,238 87,445 1J7, 108 108,109 102,876 181'6 • •••••••• (1 13 m .) . . . l!B,2;"5 1:H,386 129,090 88 ,!"i07 H ·l ,6t9 H0,535 103,srn 130, 103 181.' i .••••. . . •. (3t:-1 m.) ..• 85,091) 92, 16fs 93,176 10 7,309 8!,726 111, 1".r\l mo.Ma 90,4i4 1878 . .••.• . •. (343 m .), .. 127,301 120,318 93,160 \J-1,421 103,937 8t,Oti8 88,691 118,350 lutern'1 & Gt. N.1875 . • .. •••. (459 m.) •• 125,895 71,185 105,59) 82,265 i5,484 80,061 115.178 86,455 1676 . •••.. . .•• (45:J m ) .. • 140,33!i 72,596 8ti,'~51 116 !>01 114,\llS !l5,5:18 70,690 78.83~ 1877 .. . ..... ~519 m .) . .. 91),0~2 174,li:ll 1:lti,673 74.515 115,1'28 1i2,656 79,Sn'l 82,6'l9 1878 . .. .. .•. . . (519 m .J •.• 135,495 112,HO 92.398 115,li87 100,125 79,492 81,705 76,171 490,283 524,2H 480,!H3 443,525 489,019 532.8'\8 44 5,597 486,921 395,779 367,8'8 391.616 399,37d 369,3a 374,:351 316 791 t359,248 4,61'i6,764 4,!Jf\0,!i2d 4,454,343 4,689,820 1,2[3,221 1,212,H l 1,%:t310 1,382,123 1, 1sq_510 1,:n9,26'l 1,2'.J0,114 1,363,318 1,0I0,1-i38 1,0:;Jfi,8 17 l,'Z.'32.118 1,296,082 823,i68 82fi,1W 962,148 11.738,443 12, 003,9",l U,530,875 i41,206 974,2'12 817,2YI 645, 831 1,17!J,Oii0 1,183 13 i 677,000 823,000 927.03() 7'\.5,2·11 312,o n 809,029 747.893 610,26~ 6 ',9,920 716,468 8,255,743 8,0.S 4,rn 8,1 :4,F9t 8,451,767 1,2'lfi.8'.)5 1,4!>9.Ifiq I, 1!)6,13:J 93 t,:~39 !-IO•t,fill 1,1s 2 .-~:10 1,rn l,99:l !, 117,319 1,559,3fi8 1,471.214 1.138, 119 92--l,747 1,:H7,0)7 1,459,0'.llJ 1,=301,8,H tl,018,849 12,811,'l-27 lt,467,512 12.1::ll.135 l:3,8l':l,813 72'3,473 66:J,9! 793.277 38 858,3= 733,115 715,5fl0 615,048 606,3!5 !>66,5!3 661,563 552,543 531,0Qt 552,083 'i,478,594 6,972,0U 7, 425,357 718,lOl 616,292 'i91/>12 615,62.) 816,503 707.988 791,912 Gat,236 773,0!12 575.306 59,.060 609,313 67~,411 532,8 ;7 514,54:3 7,802,:'i!'i6 7,040.96'J 6,ti39,8t5 143,784 121,373 l'll,;109 121,720 137,556 137,811 119,064 113,7t6 141,300 91.646 80,815 96,172 140,815 lU .656 93,111 99, 111 l ,ll!'i5,495 1,46 '2,R'14 J,2 9,663 1,260,\!47 88,990 133,102 H1,5i3 155,681 1:i5,R6~ l r.4.837 181,253 2~0,488 188,4'1 6 !l13.93) 18~, 358 231,0Jl 190,19[ 213.973 1!.9, 155 t222,0i8 1,365,1134 1,4H,815 1.5 i0,455 1,62j,444 1'ansa• Pacific- 1875 .•• •. . .•.• (ti72m.). Ui9.i33 1876 . .• . . •• . . . . (6n m.). 206,402 1377.. (672 m. to 7H m.) . 176,265 1873 .. (727 m. to 750 m.) . 189,!56 Mo . I~au. & Texas1875 . ••.•••.. (787m.) ... 199,680 18i6 .• . .•. (7~7 m .) . .• 236,459 18'77 .•. : • . . ••• (787 m.) ... !U'i,(13~ 1878 .... .. . ... (787 m .) ..• 217,029 Mobile & Ohio1875 ..••..•... (5~8 m. ) ... 196,729 1876 . ••..•••.. (528 m .) ..• 232,3::!\I 1877 .. ••••.. (5~9 m.) ... 2:12 .as~ 187i! • •••• . .... (52'3 m.) . .. 271,992 284,5'j~ 293,347 21"{,393 258,193 281,601 29t,202 24i,602 2lii.fi52 233,832 277,783 2N.t:l7 2'i3',li52 23:'..,073 292,46·2 234,02'2 2,,(,:Jli2 3U,490 315.287 2'¼,783 309,St'> 413,'345 315,611 3'l1,9 j9 348,fi6l 419,935 35fi,973 345.36;) 39.'i,361 4:'9,4'.l a 300,90:J 28l,691 3~4.188 414,458 2S!l,8·?.'> 216,9'~7 2:;q, 167 t260,450 8,353,760 3,0fl0 .i!)9 3,291.549 3,7W,606 233,0J5 215,814 247,505 236,546 192.471 214,788 2'21,657 206,796 187.091 212,929 231,307 206,757 221,441 23:l,126 253,1 23 207,514 211,735 2.14,309 253,125 21!1,921; 270,932 29-l,359 323.347 294,835 291,827 324,144 307,178 330,235 305,14" 3%,275 82\1,5:H 349,896 300,534 321.8~6 274, H!4 283,459 29l.73S 296.4fi6 256, '\21 242,568 ~,904,915 3,~17.278 3, 1?4,321 2,98 (,67'J 156,174 173, 249 17-1, 393 188,790 130.251 149,8'..!9 131,1\87 _lti5,753 109,711 105,685 97,037 115,325 100,53~ 101,542 95,401 104,231 89,938 6'i,832 88,949 90,341 102,101 93,912 9fi,932 95,67G 112,87-3 118,096 125,714 114,979 119,821 115J)71 141.76~ 91,403 219,80-1 2ti4,c,07 2:11,810 71,701 255,~9t 281,5()0 2:'i2,76 i 307,581 291,014 309.60i 3t:l,ti2l t~81,221 1,914,342 2,099,312 1.989 464 1,901 ,998 llit,82'3 148,491 155,771 145,98() 1 lll,5'"i6 143,257 133,4fi4 121,372 128,469 143,422 ! 28,li-l7 124,837 118,562 117,439 91,833 127,395 131,oiti 112,702 131,10'3 132,828 151,9'.H 157,42 l 129,859 . 123,497 143,52!5 172.353 1137,101 147,193 159,731 156,994 B9,~37 16:3,061 l4!J,552 1,697.917 1,719,2J9 1,li31,681 740,043 525,410 !l4\6,8 695,331 1,420,879 1,5·! i,440 1,&27,7i4 .1,133, 111 1,301,004 1,402,792 779,481 l,t08 674 l,fi78,394 881,056 14 .3!lfl,34? J2.8J 9,141 55,727 39,"i9:i 36,791 35,008 49,358 42,239 4:M5rJ 37,744 40,44ti 3S, 138 31i,on9 35, ,17 !'39,03!1 3'\2rl0 !'l:i,l\l4 36,-104 31i,3!5 37,28-l 35,120 38,548 ~5.75!'! 29,581 32,157 33,416 40.414 35,0'.17 4fi,501 43,63:i 48.710 -H,t\12 51,103 4ti,ti60 67,3'50 50,976 ti2,i59 53,750 50,7•10 48,65\ C,063 51,2?0 60,825 51,:210 41.416 49,7o'l ri61.869 4!!9,741 518,0.1/ fi02,S01 281,912 312,116 35M07 341,318 275,910 2H6.2()t ~5\778 341, 1\18 261,560 273,845 231,9;13 28il,101 275,147 257,:338 ~89,637 2;0,3:30 2:ll .6'.11 2'52.tiH 27-4,164 25t,H9 226,211 2:i7,587 2 i7 ,3~0 29_9,161 2'l3,957 274,160 37~. 16:'i :He,534' 333,77'1 :-1:il,911 421,fiOl 4C9,819 883.liOl 437,9'.)2 510, 'H2 58J,933 421,765 45rl.:J3·~ 458,075 535,411 497,650 507,7fi4 5·lf;,!l04 t472, 110 8,802,9H 4.002,045 4,500, 12~ 4,~1 t!,23ti 196,155 ~t,li'i!l 2:H,678 234,661 24:J,991 271,230 2.!l.118 299,825 2-W,692 2:11,0ll'l 254.4:ls 218,5'?2 183,0~3 2-3;-,35·, 227,173 258,132 178)3:~ 2 ·!3,720 17!,83!\ · 2()5,,:J:i 15'l,1'l7 211U117 193,924 2 :S 7,8t;} 248,831\ 2:i5,fi39 302,0·ll; /IO'.l,103 21/i,6'21 290, 'iO'.l 1!1.18') 3·!1,352 25·1.210 3!i!.:";lli 3-17 .9t0 3!7, 172 230.626 2 , !,795 312, 13~ 312,592 265.53/i 26.1, 178 25q,H, 279, 905 2.6'36,706 3, 1:n,2~0 :-i.15 1.477 3,3 17,-316 80,087 R3.648 79,764 8·J,725 8'lJl00 85,331 81,919 93,003 85.9= 15 79,26'\ 75,512 87,910 73.72! 87,8 ~6 '7!!,810 92,706 65,1)3:3 !l0,fi61 7il.213 88,363 67,145 89,4:,6 91.-tl\5 95,317 7:l,fi11 101,!lotl 1l l.fi98 115,931 88,fi76 H,t,4 m, 108,• 96 110, 10! 104,8=>fi 114,13'.'6 lt5,826 12-1.195 10l,78fl !-l!l,OtO 9'1.601 110,7M 91,1(>8 !l.0.819 !>~.::ltt tl00,198 1.on~,li•9 ~3,881 6!1,187 46,llll 66,,26 28,061 67,072 4~,96'l 69,517 42,5'\l 70,3H 50,51·2 82,317 58,'lG6 57,'-46 59,q48 78,553 73,221 7·•.216 55,935 91,3i6 65,789 85,fittl 61,56t 'i6,6g8 S1,0fi4 8l.99J 61,615 75,240 69,455 70,069 63.192 73,910 77,305 81;!41 J(H,!H8 118,775 90 9',9 116 ri9". 97,601 10:,56i 6!,i.77 80,402 A77 ,476 9 ·11,11•s !!8 : /i73 82,437 117,915 115.6 i2 140,7~0 112,216 3fi,523 60,016 31.042 61,75\J 86,921 5'i,9 l2 31,289 59,823 3 ~.~89 81 .709 35,751 53,ti2! 46,951 53, 201 47.169 29,15:3 123,351 34,533 110,G14 44,430 85,870 5J,036 6-\97-i 5j,740 li89,08'i 613,081 71,4~7 99. 208 78,571 130,466 61,809 112,260 80.579 9i,87d ':2,805 10·2,737 84,220 108,S45 7-l,809 118,0H 9•1.113 90,627 70,592 12:5,209 8\011 111,339 'i7,963 135,f12i 8·) .01() 76,837 89,317 74/l59 9 1,97! 11'!,013 143,554 12t,274 131,143 123,89-t 145,028 116,591 125,109 127,167 137,979 1 l5,1f\7 104 500 12:J,92,J 10 1,07.'> 90,0-~I\ 90,145 113,762 98,()71 90 tl1i 8S,0-14 1,120A'38 1,411,753 l, 1 06 .fie7 1,~43,959 574,9~0 61i1 ,9S'l' 815,354 8l7,3t0 918,\lfi3 1.095,815 6W,307 6:!7,138 - 87-1 :-151 1,05l,B8 851,11)0 !.027,5~'! 1,0%,~,) 719,96! 864,868 1.075,058 3i3,"i10 386,(ll\J 3'26,5'l0 2Jl,63:i 202,525 209, 4ti3 l~ i,094 172,995 255,474 2 1-s, mo 195,234 2j 4,72":l 235, 309 181,118 23(),·~g-t Nashv. Chatt. c.t; lii t. L.1876 •••..•..•• . (d4~m.). 1'73.385 1877 •. (342 m. to 349 m.). 150,466 1678 . ..•. . .••• .. (349 m .). 177,806 PhUa . & Read ing1877 .•••.••..• (5ti:i m .) ..• 781.80/i 1878 . ... • • . • • (563 m.) ... oi3,:ISO St. L. A.&T H.Brch11.1M75 . •..•. .•. . (71 m .) .. . 57.201 1876 . ..• . • . .. (71m.) .•• 38,980 1877 . •.•.••• . (7lm.) .• 51,370 1878 . .• ... . ... (71m.) ..• 39,842 St . J,. Iron M. & So.1875 . .•••.••. . (68t m .) . .. 25(),789 1876 . •••...•.. (661 m.) . .. :{27,190 1877 . ••• .... •• (6S-1 m.) ... 3i7,2J3 1878 ..•. . .• . (6S4 m .) . . . 375,:i21 Nt. L, Kan. fl. & N.1875 . ... . .•.... (505 m.). 208,088 246,0!l!I 1876 . . (505 m. to 530 m.). 18i7 .•.•• .. .... . (5"i0 m.>. 2I0,0~2 2(l4,28 1 18?8 •. . ....••.. (530 m .). J,:H0,119 1,3~7,329 991,029 1,23ti,0 l5 st. L. & So'ea8tcrnli!75 . .••.. . ... (-%3 m.). .• 1876 .•••..••.. (35'i m ) ... 1877.. . ..•• . (35i m .) . .• 1878 .•. .. (353 m.) .•• 84.!'B6 80,8i2 91, t 57 85,967 1,199,518 1,089,611 1.{98,658 937,nl St.P.&S.C.&S.C.&St.P.1875 . •••.•..•• (270 m.) .• . 1876 ..••.•••.. (270 m.) ... 1877 .••••• .. . (270 m .) •. • 18'lS . •. . •.. 12'i'Om.) ... South'n Minnesota- 1877 ..•. .. . .•. (tti8 ,,,.). 1878 .. (163 m. to ~10 m .). Tol. Peo, & W iu•.1875 ••••••.. (217 m.) . .. 18.7fi ..•• . •.•. . (2 17 m.) . .. 1R77 . •••..•.•. (247 m ) . . . 1878 . .•••• .. (211m.) .•• 11-:ilou Padtic1875 ••••...•. (1,04'1 m .) ••• J8i6 ••. .•. (1,04i m .) ••• 18i7 . •• . ..•. (i.04~ m.) ..• 1878 • ••• ..• . (1,').12 m.) .. . Wabash1877 .. •.•• . ••• (611!.l m.) ..• 1678 ...... .. (689 m .) ... ~proximate. https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis 30'l,Ol6 400,SOS 3,8,638 411,255 9Z.fili6 1.27\22i 1,042,534 1,088.982 1,015,1'\9 1,15:i.9H 1, '266.929 978,78[ l /i6 1,1"7& t.:305,93'1 1, ·~SJ.509 1. ~01 9'i5 1, 151,311i gq~,997 9i9,352 1,135,41~ L3H17I 1. 109,063 1,101,099 1,093,389 1,154,2:32 *l,Ot!i,4'.l'l * l,123.~2, •1 ,:30:.5 8 •t. 44\6i! 90'3,151 1,037,591 99:).!l~fi 1,2l'1,431 1,115,'JO'.I !ll!'i,':!5'2 "'l.237,1 10 tlJ35,0JO 1,105.179 1.09\1,501 1,1;:!7, 'l66 11,933,~Ji 12.AA -l,S,q l"l,17-3.'!11 1~.:3a6,72l • These :figures include M.is ouri River Bridge reczipts. 357,4~9 3 J3,191 ~5'3,817 3J0,572 288,807 332,0:35 53[,222 579, 1io 4!>'.!,901 511,650 472.965 tJ17,613 395,050 t152,740 3,5,897 t3.l0,517 4,535,(113 5,0l~,105 56 RAILBOA.D BONJ)S. QUOTATIONS· OF RAILROAD BO~ DS 1872 TO 1878, INCLUSIVE. Compiled from prices bid~each Friday at the .N. Y. Stock lfachange. 1872. JANUARY, FEBRUARY BONDS. MARCH. APRIL, JULY, AUGUST. SEPTElllB'R Oc·roBER. NOVEMBER Dll:OlClllBBR Low.High. Low.High Low.High. Low.Iligh. Low.High. Low.High. Low.Hie:h. Low.High. Low.Hig h. Low.High. Low.High. Low.High. Alb. & Susqueh., 1st.. 101 -102 do 2d.. 93¼do 8d ... . .. Alton & T. H., 1st.. .. 97 do 2d \'ref. 87 do 2d tnc. 77 Am. Dock & Imp. Co. 97 Bellville & So. Ill .... 97 B., Hurt. & Erie, guar 30 H.,Hart. & Eric, tstM .... .Buft'. & Erie, new.... 95 - 98¼ .... 98 90 80 97 98 84 .... 95 9 103 -103½ 99½- 99¼ 92½- 92¾ 9i - 98 87½- BB½ 78,¼- 79,½ - 'ir1· - 98 .. 40 - 42 87~- 41 95 - 95 103 -106 99½-100½ 90 - 90 97 • 97 87 - 88 79,½- 82 'gg· -100 40 -~ 50½ 88¼:- 46 95 - 95 99 97 . .. 98 88 82 98¾9ll 48 44¾'9i½- 99 100 -102¼' 97¾ 97 - 97½ ...... . - .. .. 98½ 98 - 99¼ ~.!? 88¼- 91 84 80½- 81,½ 98.¾ 98¾- 98Ji 96½ 96 - 97 51¼ 51 - 52¼ 47½ 41! - 47¾ 97½ 97¼- 97½ 103¾-103¾ 97 - 99 97 - 97¼ 96 ► 96 100 rlO0 91 - 92 80½- 81 98¾ilO0 96 - 98 60 - 62¾ 10¾- 45 g7 - 97½ 94 ?~¼: ~...:~. =~~~ .:~. : ~~~ .:~. : :'.~ 96½- 98¾ 9U - 96 97 - 97 92¾- 93½ 81 - 82 97,½-100 98 -100 57 - 57 41¼- 42,¾ 97 - 97 ·s: 4 s: 5 100 -100 99 -100 - ... 96 - 99¾ 9t - 92 81 - 82,½ 97½- Iii¼ ... . - .... .. .. - .. . . 4(l,¾- 42¾ 96 - 91½ 5 .. . - ........ - . .. . 98 - 98½ 98 - 98 94 - 94 94 - 94½ ... - .. .. . .. 99 -100 100 -100 100 -100 88 - 89½ 88 - 90 '8f - gf' 83 - 84 78 - 82 97¼- 97½ 97 - 97 98 - !•9 95 - 95 51¼- 54 50 - liO 50 - 5i 38 - 10 39 - 41¾ 39 - 41 95 - 96½ 92 - 93½ 9:3¼- !l4 98¾- 99 94 - 94 HO - 90 100 -100 88½- 89 7 - 78 97 - 97~ 95½- 95½ 52 - 55¼ 41¼- 43½ 94½- 95 sa:~.; .8:~u:_ :~~ ig : ii~~ ~~ : :~ :¼: :¼ :~~:;~·l&&EMl~~'.~~ ~- : ~... s·6.. _: :6\. 1·~--- 2·¼~ ·83~¼ __.. 1 Ced. Falls &M., lt1tM. 80 - 84¼ 8l3 - 83¼ 83½- 83¾ 8-3}.(- St¾ 84 - 85¼ v Al ,,.~ •~ 7'l .,,,., 0,4,,., 82 - 82¼ 81 - 89 80,½- 82 Cent. Pacific, gold ... 100 -102¼ 102¼-102¼ 101 -102¼ 101%-103 102}, 104¾ 104¼-105 101;4'-101¼ 101¾-102¼ 99¾-100 99,;.(-100¼ 100 -100½ 101)4'-102¼ C., B. & Q., 8i:l, 1st M. lO!J¼-113% 113 -lHi 113 -114 113 -113¼ 112;..; 113 113 -115 11,5 -115 .... - ... 108 -10 i 110 -110 11() -112 112 -113¼ C., R. I. & Pucilic ..... 101 -103¼ 10-i -10l¼ 101¼-102 101½-102¼ 102,¼-104 104},(-104¾ 101½-102¼ 101 -102¾ 100,¼- 10I¼ 101 -101½ 101½-102 · 102,¾-103,Ji' Chic. & Alton, S. F... ~ - 91:i¼ 98 -100 100 -100 100 -100 100 -100 .... - .. . . 97 -100 99,¼-101 100 - 100 100 -100½ !l7 - 1:18½ 97 - 98 do 1st M. t~M-104 104¾-105 103,½'-104½ 105 -105¾ 105 -lOfi½ 105 -1C16 102½-103¼ 103,½-105 105 ·-106 103 -1(16 103 -103¼ 103 -104 do income 91 - 93 96 - 96 95 - 98 95 - 96 96 - 97 95 - 98 97 - 98¾ 91 - 97 97 - 97 94 - 94¼ 94 - 95 94 - 94 Chic. & Mil., lBt...... 91 - 94¼ 94 - 94 95 - 95¼ 94 - 95 9i - 96 94 - 97 94 - 94 95 - 95¾ 93 - 93 90 - 92 90 - 93¾ 92 - 93¼ Chic. & N. W., S. F .. 102 -103 98 -100½ 98 -101 100¾- 101 100~.{-103 101 -101 101 -101¼ 96 - 98 !l5 - 9ti¼ 96½- 98 98 - 99 99½-100 clo interest. 92 - 9ti 96 - 98 98½-100 99½-100 96 - 9 ·¾ 97 - 97 97 -100 100 -100½ 100 -100 100¼-100½ . ... - . .. . 93 - 94 do cousol ... 92½- 95¼ 9:3 - 94¼' 93¾- 9-1¼ 94 - 96,¾ 95 - 98 95½- 9S½ 96 - 97¾ 94 - 95½ 91¼- 91½ 93 - 93½ 92½- 92,½ 90 - 91 do lill M ... 100)1,-102 98 - !JS½ 98 - 99 98 -100 99,¼-101 100 -101 100,¼-101 !15 - 97 9-1¼- 95¾ 95 - 97 98 -100 98 - 99 Cleve. & P., con., S.F. S4 - 9t¾' 96 . 96 9& - 95½ 96 - 97 95 - 95 94 - 95 95 - 95¼ 96½- 96½ 95 - 95 95 - 97 91,½'- 94,¾ 94 - 94 do 2d M..... 99 -100 100 -100 98 - 98 98 - 98 98 - 98,½ 98¼- 99½ 99 -101 100 -101 97 - 97½ 98 - 99 97 - 99½ 99 - 99M do 3d M ..... .... - .. .. 97 - 98 98 - 98 98¼-100 96 - 9·1 96¼- 99 97 - 97 98 - 99 96 - 98 98 - 99 96 - 98½ 97 - 97 c!o 4th M.... 83~- 85 85 - 86 85 - 86 Sti - 86½ 86¼- 87¾ 84 - 87 83 - 84 83¼- 84 83 - 83½ 82 - 82¾ 83,¾- 84 86 - 87 Clev., P. & ABh., new. 91 - 36 96 - 96 96 - 97 94 - 95 !!5 - 96 9ti - 97 96 - 96¼ 95 - !16¾ 95 - 97 92 - 93 93 - 94 !l3¾- 94 do old.. 96 - 96 96 - 97 !J6 - 98 97 - 98 98 - 99 99 - 99½ 95½- 97 95 - 97 .... - .. .. 96¾- 9fl,½' 96½- 98 98,¾-100 Clcv. & Toi, new .••. 95 - 95 96 - 97 96 - 96 .... - .... 1)6 - !l6 96 - 96 96,¼- 97 96 - 97. 95 - 97 98 - 95 93 - 94 94 - 95 do S. F ...•. 100¼-108 102½-10:3 100 -101 102 -103 102,½-103½ 102J.{-103 100 -101 101 -101½ 100¼-101 101 -102½ 100 -102¼ 102,¼-102¼ C., C. & Ind., 1st. 89¼- 93¾ 92 - 113¾ 92¾- 93¾ 89¼- !:9¼ 89,½- 90¾ 90½- 91 91,¾- 93¼ 92¼- 92½ 91¼- 9i¼ 86 - 87¼' 86 - 87¼' 87¼- 88}4 do 2d...... 72 - 73 71 - 72 71¼- 75½ 77 - 7'i 76 - i8 77 - 78½ 79 - 80 ?6 - 76 73 - 76 7:3 - 73½ 72¼- 73 72,¾- 73 c._,o .• c.& I .1st 78,S.F .... - ........ - ........ - ........ - ....... - .... 10! -101½ 101 -10-2 lliO -102 102 -103 102 -102 99 -100 100¼-lOO)t Cm., Laf. & Ch., 1st M. .... - .. .. ... .. . .. ... - ........ - .. . .. .. - .... 84 - 84 85¼- 85½ 85 - 85 - ....... . - ... . Del.,L. & W., lstl\l.. 102 -105 108 -105 105 -106 lOIJ -102 100 -101 100 -100¾ 100 -101 100 -1(11 102 -102,l,.! .. .. . . -_ . ... g·,;· -_ g·.;,·• do 2d M ... 97 -100 97,¼-101 96 - 97 96 - 9674 96,¼- 98 97 - 93 94 99 - 99¾ 98 - 99 94 - 95 113½- 97 '94· 't " 1 7 1 D .• M.d&Tolcct 96°: 97" 'gi;': 97' '95' 98 .. "!is !is'" 98,¼ 97¾= 99" '9g' :100,½ "95' = gi;' . "{Ji/ - 95¼ ~¼: ~¼ Del & llud. C., l t!t 1\1 .. .. - ........ - ... .. .. - • .. . - ... ..... - .... 100 -102 100 -103 101 -101 100 -102 .... - .... 10:3 -103 ·- - ... JJ. & SlouxC1tyt11t~ 92 - 94 94 - 95 94 - 96 94 - 94 95.¼- 95,¾ 95¾- 95¾ 92 - 92½ 92 - 93 93 - 93 .... - .... 191 - 112 - 94 E. T.,Va.& Ga., lstM. 92 - 92 92¾- 93 !l2½- 93 . ... ... 9:-J½- 94½ 94¼- 95 92.¼- 93 93 - 93 .... ... · Erie, 1st M. exten .... I00¼-102 102 -103 102,¾-103 103¼-103¼ 99½-100½ 102 -103 102 -102 lOi -103 102}.S'- 103 .. 103. -103,½ ioo· -loi" ioo· -102" do 7s, 2d end., '79 .. !l5¼- 98,¾ 98 - 99¼ 95 - 97½ q3 - 98 99¼-100 101¾-102 102½-102¾ 102 -103 99¼- 99½ ... - .... 97 - 97½ 97 - 97¾ do 7s, 3d end., 'S.L 92 - 96 96 - 98 93 - 95¼ 95 - 95¾ 96,½- 99½ 9!l½- 99¼ 99,¼- 9!1½ 96 - 9!J½ 94 - 94 90 - 94 94 - 95 91 - fl6¼ do 7s, 4th end., '80. S!l¾- 93 92¼(- 92¼ 91 - !15 91½- 93 93 - 94½ 94 - !lfi·· 9-.l - 95 !J5 - 95¾ 95¼- 96 ... - . . 91 - 92½ 9i - 92 do 7s, 5th end., '88. 85 - 91 .... - .. .. 86 - 92 91 - 92 92 - 9U 91¼- 1!2 112 - 93¼ !l4 - 94 9-l - 94 .. . • . . .. 93¾- 93½ 89 - 89¼ Gal. & Chic., cxten .. 105 -107 108½-104¼ 100 -104½ 104¾-105 104½-105 100 -100 100 -100 100 -101 9!l -100½ 100 -100 100 -100½ 102 -102 Gt. West., 1st 1\L,'8~.. 95 - 99¼ 94,¼- 96 ;!,4 IH - 95 95 - 96 ll6),(- !Hi,½ 96½- 9 ¼ 98 - 98¾ 93 - 93¼ !J2 - !l3½ 93¾- 94¼ 95 - 96 95¾'- 96 do 2d M ,'93.. 85¼- 89 89¼- 89¼ 89¾- 90 90¾- 92½ 88½- 89¼ 8S¾- 90½ 90 - 91 89 - 89 89 - 89¼ 89 - !l0 86½- 88 86 - 87¼ H. & St. Jo .• Ld Gt. .. 103 -100 102 -103 108 -JOf, 100 -100 1-00 -100¼ 100 -100 101 -102 102 -103 102 -10:l 99 -100 98 -100 ·100 -102 do conv .... 95¼- 99 90 - 97½ 91 - 92 91 - 92 91~- 91¾ 111,¾- 91¾ 92½- 93½ 93¼- 93,½ .... - ..•. 86 - 89½ 87 - 89 89¼- 93¼ JI an. & Naples... • . . 87¼- BS 88 - 89 90 - 91¾ .... - ........ - . .. .. .. - • • • . 91 - 91½ 90½- 90½ .... - ....... - .. • 85 - 85 llan.& Cent. Mo 1st M .... - ........ - .. .. . . .. .. . .. . - ........ - ........ - . .. ~8 - 88¾ 85 - 88¾ 63 - S.'3 .... - ... ..... - ........ - .. . Uarlem, lt;t 111 ... .... 101 -101 101¼-102¾ 101½-10:l 108 -10374 99,¾-100½ 100,¼-101¼ 101½-101½ 101¼-101¾ 101 -101½ 101,¾-102½ 98.½- 99½ 99,¾-100¼ do conv. & S. F . 93 - 97 93 - 97 93 - 93½ 94¼- 95 95)1- 95½ 95,¾- 95½ .... - ....... . - . .. ... . . . ... - .... 97 - 97 .... - ... . Ilud. R.,7s, 2d M.,S.F. l04 -106 106 -107 105 -105 I05¾-106¾ 106 -106¼ 103 -10fi½ 103¾-104 105 -105 106 -107 106 -106 104 -104 102 -105 do 7s. 3d M ... 101 -101 1(11 -101 ¾' 101,¼-103 102 -104 100 -!00½ 100,¾-101 101 -102 101 -101 ,½ 102 -102 102 -102 101 -101 !00 -HO Ill. Cent., 7s, '75 .... 103 -104,½' 104½-104¾ 1G3,¾-1C4 103 -10:3½ 103 -104 IOI -104¾ 104 -104¼ 104,¾-101½ 105 -105 101 -102 100 -101 101 -102¼ Joliet & Chic., 1st.AL 107 -107 107 -107 105 -106 106 -108 108 -108¾ 109 -109 104 -104 104 -101 100 -100 100 -101 101 -101 104 -106 La Cr. & M.il.,8~.,ls t M .••• - ........ - • . . .. .. - .. . . ••• - • . .. 94,¼- 95 95 - 95 95 - 96 96 - 96 · .... - ........ - .. . .. .. .. •. La., Bloom.&M.1ss.lst .... - .. . ... - .... . . . - .. .. .. . .. . . . ... - . .. 89 - 81 89 - 90 87 - 87 83 - 87½ ••• ~ - ........ - .. . . 87 - 87 Luke S ti ore Div. . .... 92 - 96 95 - 96½ 97 - 98 94¼- as 95¼- 96¼ 96 - 96¾ !l6 - 97¾ 97 - 98 96 - 97¾ 92 - 93 92 - 93¼ 93 - 93 1.. ake Sh., con ., coup ..... - ....... - ........ - .... . ... - ........ - ........ - .... 100 -101½ 100 -100 100 -100 99 - 99 100 -100 100 - 100 do do reg ...... - . . .. .. - ........ - .. .. .. . . .. . .. . . .. ...... - . .. . 100 -100 100 -100 100 -100 99 - 99½ 99 - 99;~ 98½- 98¼ Long Dock .......... 90,¾ - 93 92 - 93¾ 92 - 94 95 - 96¾ 96¼- 98¼ 92.½- 91¾ 94 - 95 94 - 95 95 - 95¾ !l4 - 94 95 - 96 89 - 93 Long I sland, 1st M,7s..... - ....... - .. .. . . .. .. .. - ... . . . .. - . . . . !J2 - 92 92 - 114½ 94¼- 94¾ 94 - 94 95 - 95 91) - 91½ 90 - 91 Mar. &cin., lst~'l .... 96 - 96 96 - 96 96 - 96 96 - 96 97 - 97 97 - 97 98½- 99 .... 1\'lich. Cent., 1st M, 8s 115 -115 116 -119 116½-118 112 -112 1!4 -114 114 -11/\ 115 -117 113 -116 116 -116~ 112 -li3¼ iia,½:1ii/'• ii2· :1i5" Mich. So.. 7s, 2ct M.... 98 - !}9 99¼'-100 9!1 - 9!l},( !:18¼-101,¼ !J7 - 98 98 - 9\) 98¼- 99.% 97 - 11.i½ 97 - 97¾ 98 -100 96¼- 97 95 - 97¼ M. S. & N. I., S. F .. 7s 10-2 -104 102 ,.-104 104 -104¾ 103 -104 100 -102 102 -102¼' 101,¾-102 102 -103¾ 101 -102 102 -103¼ 100 ·-100¼ 10fl¾-102 Mil. & ::,. P., 1st M., 8~ 108,½-110¾ 106¼-107¼ 107 -107½ 106¾-107 107,½'-108 107 -108 10~ -109 105 -106 101 -107 Hlti -106 106½-107 106½-106¼ do lstM. 73-10 95¼'- 98 92 - 94½ 93 - 95 95 - !J6 96 - 96 !J7 - 98 95 - 97½ 92¾- !14 93 - 93 93 - 94½ 9:3 - 98¼ do 1st A-I.... .. 9.!½- 94¾ 94 - 9-l¼ 92¼- 93 93 - 9W 9! - 94¼ !:14½- 95,¼ 92 - 92¾ 91¾- 96.¾ 92 - 92¾ 92 - 92½ 92 - 92½ 93 - 94 do I. & M. D.. 88 - 88¼ 88¾'- 89 87¾- 89 89½- 811½ 89¾- 90½ 89 - 91 87 - 87¾ 87 - 87,¾ 87½- 88 87 - 87 88¼- 89¾ 89 1 - 89¾ do 2d ?IL .. • .. 84¼- 86 86 - 86½ 87 - 88 .... - ....... - . . .. 85 - 85 83 - 83 83 - 83;~ 84¾- 85 85½- 8/i .... - .. .. 84 - 84 d_o 7s,gold ........ - ........ - ....... - ....... - ........ - ....... - ....... - ........ - .... !!5½- Sti¾ 96¼- 37¾ 95 - 98 98½- 38¼ Moms & Es., 1st ..... 10!'1}.S'-105 711 1()5 -106 104 -104¾ 104,¾-lOti¾ 102¼-103½ 10·\,¾-104½ !Oti -107 102,½-103 10:; -103¼ 10:~ -HJ5¼ 100¼-102 103 -103¼ do 2d.. . ... 99 -101¼ 98 - 99.¾ 97,½- 98 !l9 - 9!l¼ 99 - 99¼' 99,½-100 I0J¾-101¾ 98 - 99 96 - 97¾ 96 - 97 96 - 97 96)1- 97¼ do coav ...... . - ..... . .. - . . .. .. .. - . . .. 95 - 95 9., - 95 95 - 95 92 - 95 92 - 92,¾ 91 - 91 90 - !12 91 - !Jl do cons tr ...... - • • • . 91 - 91 W - 91 .•• . - • . • . 93 - 9J¼ 93 - 94½ 94¼- 95 95 - 95 85 - 85 91 - 91 9lJ - 90 90 - 90 <Jo 7s of '71 •••• - ... ..... - ... . .... - ... 98¼- 98¼ !l8½- 98½ 98,¾- 98¾ .... - ........ - .. . Naehv ..~ Decatu r .. . . .. . . .. . .. till - o::, or>)!)- o::i ov.;9- 0:1;9 01 - o:,;<i .... - .. .. ... - .... ... - ... . N. J. Ceut., 2d l\'1.... 102 -102 i03¼- 0-1 .. io2 · -103;,4 103 -103 100 -100¼' 100 -101 100,½-100,½ 9fJ - 9!J 100 -100 100 -1011 .... - ... . 100 -100 do new. . . 106 -107½ 1{!0}.S'-102 104. -104½ 10~½-10-1¼ 1(14 -10.J¼ 104¼-106 l0ti -107¼ 103 -101 102 -103 101¼-103 102,¾-102,½ 102½- 103 N. J. South .• 1s t M . . . f.i.:i - i 5 65 - 65 65 - 80 79 - 80 77 - 81½ 78 - 80 78 - 78,¾ 78 - 78 75 - 75 75 - 79 72,¾- 72¼ N. Y Ce ut.., tis, '8::1. , . !J3 - 96 96 - 91i 93 - 94 91 - 94½ 91 - \J2,½ 9l - 95 9:i - 96½ !JO¼- 95 91 - 92 92 - 92½ 89 - 91 iii. - 92~ do tit', '87... 88 - 93¼ 93,¼- 94 91 - 92 92 - 94 9:J½- 96 1.14 - 94½ 94½- 95 90½- 90½ 90 - 91 92 - 92½ 88 - 89 92 - 92 do Us,R.E. 88 -91 91 -91 89,½-91 90 -91 88 -88 88 -90 90 -90 85 -90 87 ·· 87 88 -90 85 -86 85½-f!8¼ do 6s, sub... 88 - !H 91 - 91½ 90 - 91½ 90 - 91 88 - 88 88 - 90 90 - 92 85 - 89 88 - ti.: 88½- 90 86 - 86 86 - 88¼ do 7s, ' 7ti ... 103 -104 101 -104 t00,½-102 101¼-10:l¾ 101 -102 101 -102½ 11:0 -100 96 -100¼ 100 -100½ lC0½-101 100 -100¾ 100.),(-100½ do 7s.con,'76 100 -100 .... - .... 10:l -102 100 -100 100 -100 102 -102 100 -100 96 - 96¼ .... - ........ . 100 -100¼ 100,M-100¾ do 7s, 'tio-'76 100 -100 . ... - .... 102 -102 100 -100 100 -100 102 -102 100 -100 96 - 96½ ... - . . . .. •• - .... 100 -100¼' 100¼-100,½ N. Y. & N. H. 6s..... 97 - 98.¼ 98,½'-!00 100 -100 96 - !:19 96 - 97 .. . . .. . . 98 - 99 98 - 99 98 - 99¼ .... - .. .. 95 - 00 95 - 99 No. Ml'., 1st .M....... 85¼- 93 90 - .92½ 91½- 91½ !!2 - 92¼ 91 - 92,¼ 9-l½- 95 .. . . . .. . . . . .. .. .. . .. ...... - .. .. .. .. .... . Ohio & Miss., 1st M .. 98¼·· 99¾ 99 - 99,½ 99,½'-100 100 -10 1 101 -102 102]~-103¾ 96½- 97 95 - 97 · 95½ 96 93 - D5 H5 - 96 98,¼- 95¼' do con sol.. 92 - 93¼ 91½- 93,½ 93 • 91 94¼'- 94¼ 95 - 97¾ 98¼- 99½ 96½- 96½ 91 - 94 !14 - 9t 93 - 98¾ 92 - 95 94 - 91 do 2d 1\1 ... 82¾- 86 86 - 86½ . 86½- 87 84 - 85 81¼ 8-l½ 87¾- 88¼ ~ - 88¾ 86½- 87 87 - 87½ 83¼- 84½ 83½- 84½ 84 • 84½ Pac. 7s, i;unr. by M.o.. 93 -100¾ 99 -100 \J9 - 99¼ 9!J -100 100 -101 101 -102 . 98¾- 98,¾ 95 - !JS . 95 - 97 95 - 97 96 - 96 97¾- !18 Pe11ins u1ar..... .. . . 92¼- 112½ 95 - 95 91,½'- 95 95 ~ 9~ !11¼- 91½' .... - .... . .. - . . . . 95 - !i& 90 - !l0 !lO - fJ5 P., Ft. W. & C., 1st M. 104,¼-ll.15 102 -103½ 103 -105 105 - 106 . 105 -105¾ 105,½'-107 105¼-107½ 104,¼- 101 104¾-105 103 -104 .. 103 -104 104 -101,¾ do 2d M . 100 -103 96 -103 100 -102¼ 100 -101½ 101 -101 101½-102 99 -100 ;;J!J¾- !:19¾ !JU¾- 99¼ 98 - 99 97 - 98½ 98 - 98¼ do 3d M . 95 - 98 95 - 95 95 - 95 98 - 98¼ !J8 - 98 95 - 97 . . . . . . . 95 - 95 95 - 95 98 - !13 . 3 - 93 do 81!1, eq't 1:,10 -101,¼ .... - . .. .. - ... ..... - ... .... - .... 100½-101 101 -101¾ 100 -101 ~6 - 9{) 97 - 97 98 - 98 Qsu·s~dTolL., 1IstM.,'M90. 90 - ll2 91 - 92 992_.,¼= 9933¼ 92 - 94,¼ 88¼- 91½ 92½- 92½ . . .. - . ... 93 - !:13 .. . ... !12 - 92 89 - 89 o. 1 e. . ., 1st . 91 - 93 93 - 93 , !JO - 90 90 - 94 92 - 94 9:.! - 95¼ 95 - 98 90 - 90 !J3 - 93¾ .... - .... St. L. & I. M., 1st M.. 96 - 98 92 - 94½ !l4 - 94¾ 95 - 9-'>½11 98 - 98 98 -100 99½-100¼ 95 - 97 92 - 9,">½ 93 - 94¼ !l8 - 94¾ 94¾- !l6 St . L ,J11 ck.& Cb.lstM 93 - 93¾' 95 - 95 95½- 97 92 - 92 92 - 94 9-l - 94¼ 94¾- 94.¾ 94 - 94 94½- 95 90 - 90 90 - 90¾ 91¼- 91¼ 'l'ol., Peor. & W., E.D. 93,¼- 94 92 - 93 93 - 93½ 93,¼- 93½ 93 - !15 91½- 92 ,, .... - . .. 93 . - 94 93 - 93 !12 - :)-2 9'2 - 94 do W .D. S!i - 93 90 - 91 90¾- 91¼' 91 - 91,¼ 91 - 9!,½ 92½- 93},i>' 93¼- 93¾ 89 - 89 88 - 88 87 - 88,¼ 88 - Ss° . do !?cl .M. 79 - 8t¾ EB - 84½ 84½- 87 84 - 8-l¾ 82 - 84½ 84½- 84¼ 84¼- 86,½ 85 - 86 80¼- 81 80 - 80 f;1 - 80 do Bur. div 81¼- 86½ S-4 - 87 86½- 87 88 - 88 8'3 - 88 87 - 87¼ 88¾- 88½ 87¾- 88¼ 87¾- 87¼ .... - .... 81 - 8:3 f.'ol. & Wab., 1st ext. !-18 -101½ 96¾- !i!l¾ 97 - 97¼ 97 - 97 97 - 97½ 97 - 9!J 99 - 9!1¼' \J4½- 95 94 - 94¼ ~4 - 95 95¼- W 97 - !l!l 110 !st St.L.div 88¾- 9-. 89½- !l0½ 89 - 9<1¼ !JO¼- 91 ¼ 91¼- 92½ 93½- 93½ 98¾- 94 8'. J½- !JO 87 - SI'S 88 - 88¼ 8!J - 89¼ !JO¼- 91¾ do 2d M. •..• ; 92 - 94 91 - !l4½ 94 - 94½ 93 - 110 9t¼- 93 92½- \J3½ 94 - 94½ n3 - 9-I½ 91 - g1.J.( iM - !Ji 91 ~- 112¼ 91.½- !l2 do lquip .. : .•• 83 - 86 Sli - 86 8fi - 87 87 - 83,¼ 86 - 86 86 - 86¼ 88 - 88 87 - 88 86 - 8f 85,¼- 86 8:3 - 84 82 - 83 do cons., conv 88½- 90¾ 88 - 89 89½- 99 91¼- 92 8!1 - 91½ 91 - 93;.; 91½- 9.1,½ 89,¼- 8!'.J.¾ 88 - 88 85 - fn¼ . . .. - . .. . Union Pac., 1st M .... 90 ~ - 93~ !l1 - 92¼ 91¼- 91¼ 90¼- 93 112½- 93 93¾- 94¼' S!J - 91 88¾- 89¼ 86¾- 88¼ 86.¾- 89 86¼- 88½ 89 - !H rlo L. G. 7s .. 79,½'- 83¼ 80¼- 82¼' 81½- 84¼ 80¼- 81½ 8 1.¾- 81¼ 81 - 81½ 81¼- 81¼ SO½- 81½ 7!J½- 80¾ 75¾- 77¾ 76.¼&- 77¾ 77¼- 7!l do Inc., 1011 .. 84 - 88 84 - 8'7 81)11'- Sil 85¼- 87 85 - 87¼ 86>.(- S7½ 87 - 87¾ 86!, .. 87¾ 78 - SU¾ 78 - 80¾ 77 - 81¼ 81 - 82 West. Un. Tele.,t stM 90 - 96 96 - 96 !:15 - 96 96 - !Ji¼ !l""l,½- 95 95¼- 95½ 96,¼- 96½ H6 - 97½ 95 - 97 94 - 98.½ 93 - g5 911,½'- !J6¾ Wl~smn& St. P. l f'tM 84)f- 8,l¼fl 84:,- 88 .;;9 - 89 . 89 - R!l ..:...85~---=-8.:..9_..;:_85.:.___-_:85.:._.;....:.:.~__;~__;~.,._:...:..:.::..-.:..:....:_~~-...:..:...:_ - ~ i:~~-~' https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis 0 = = 'ss' = 0 l ~~ =8i lgg : 8i¥ .RAILROAD BOND'& JANUARY. FEBRUARY BONDS. APRIL. MARCH. MAY. JUNK. JULY. AUGUST. SJCPTEMB'R 0cTOBER. NOVE)IBER DBCEMBEI 1----• 1 ----·1----·1-----1----1--·-----Low.High. Low.High. Low.High. Low.High. Low.High. Low.High. Low.H.~gh . L1>w.High. Low.High. Low.Ifo•h . Low.High. Low.Higa ---------1-----1----,--97 - 98 99¼-101 98 - 118 Alba.ny & Sut,q., 1st .. 98 -101 101 -101 102 -102 .... - .... 100 -H!O 100 -100 . . . - ... - -~ 97¾- 97¼ 97 - 97,!,( 97¼- 98 .96~- 97¼ 97,½- 97¼ 88 90 - 90 91 - 96 do 2d .. . 94 - 96¼ 96¼- 96¼ 98 - 99¼ 96¼- 97 95 - 93¼ !J5.¾- 95¼ 92¼- 93 93 - 93¼ 93¼- 95 92¼- 96 95 - 95 95 - 95 do 3d .. . 90 - 92 - 94 .. 92¼ - 97 "9g" -100 .. 99 -100 99 -100½ 100 -100 98 -100¼ 101 -101 98 - 98 99½- 99¼ 99 - U9 Alton & T. H., 1st .. . 98 - 99 82 -~¼ 88 - 89½ f:18 - 90 88¼- 89 87¼- 88 x88 - 88 88 - 90¾ 90 - 90,½ x87 - 87,¼ 85 - 86½ 76 - 82 2 67 - 70 79 - 80¼ 80¼- 82½ 81 - 81½ 80 - 80¾ ~ - 78 77 - 79 77 - 787, 78 - 'i8,½ 75 - 76,¾' 69 - 75 70 - 72¼ Am. D. & Imp. Co. 7e 94 - 97 95 - 96,½ 96 - 96 96,½- 96¼ 84¾- 84¾ . . . . . . • . 95¾- 96;!,• 96¼- 96½ 90 - 90 89 - 8n 95 - 97 ·05': Bellev'lo & S.Ill 11lt8s 95 - 96 96 - 96 96 - 96 95 - 07 95¼- 97 97 - 98 92¼- 92,½ 85 - 85 .86½_; ' 8ti¼ 40 - 40 ... ... . 25 - 25 . ... . ... 30 - 30 B., Hart. & Eric. guar 57 - 61 58 - 58 59 - 69 45 - .:S 46 - 46 40 - 45 do 1st m. 40¼- 44;-~ 37¼- 42¼ 38¾- 40 38,½:_ -ii" 34¼- 38 29¾- 84 30 - 3.'3½ 30"- 34,½ 30,)(- 31¼ 20¾- 24 20¼- 24 25¼- 28¼ 96 97 96 .... 89 - 90 90 - 92 Buffalo & Erie, new.. 95 - 96½ 96¼- 98 95¼- 98¼ 9'2½- 93 93 - 94¾ 94 - 96 96 - 97¼ - 96 ..... 90 - 92 92 - 9.'3¼ 94 - 94 93¼- 95 94 - 96 92¾- 92¾ 92½- 93½ 92 - 93 Bu:lf.,N.Y.& E., 1st m 9.'3 - 93 85 - 87 89¼- 89½" 85 - 88 Bar., C.R. & Minn 7s 87!!(- 91¼ 90 - 92¾ 87 - 8!l½ 88 - 89¼ 85¼- 89¼ 88 - 88¼ 87¼- 88 8~ , ~ - 60 ... . .... 40 - 5(\ 75 - 77 Ced. Falls & M. 1st M. 79 - 81 80.J,(- 81½ 80 - 81 79 - 80.' i 80 - 81 80¼- 81 ¼ 78 - 79¾ 78¼- 79 70 - 70 69½- 70 71 - 7'..: 'Central Pacific, gold . 99¼-100 101¼-104¼' 10.'3¼-l0:3¾ 102½-103½ 102¼-103¾ 102¼-lo.'3¼ 100 -100,½ 99¼-100¼ 99¼ - 99% 85 - 92,¼ 80 - 92 92½- 96¼ do State Aid 110¼-110¾ lll¼-112½ tl1 -111¾ .... - ... ... . ..•. . . . . ... . .. - .. . 107 -107 100 -100 100 -100 lOO}i-1()(1¾ C., B. & Q. Ss, 1st M . 107),-111 109 -110½ 109,½-110¼ 109 -111¼ 111 -112 112 -113 109 -110 io2 -110 105 -105½ 105 -108 109 -109,½ C ., R. I. & Pacific... 100 -101¾ 101,½-102 101¼- 103¾ 103¼(-103½ 103,½'-104 104½-106¾ 102¾-10~¾ 101,¼-:02,½ irii" -101 95 - 9!J¼ !16½-102 102 -104¼ Chicago & Alton,S.F. 98 - 98 98 - r,a 98 -101 100 -102 x98 - 98,½' 98½-100 100 -100 100 -JOO 100 -100 99 -100 9!<>' - 95 98 -100 do 1st M. 100 -102 mi -102¾ 101¾-10.'3 103 -104¼ 102 -105 104½-106 102,¼-105 1033,.(-105 103 -103,½ 100¼-lOOJ.., 100½-101 103 -!04 95 - 977,( 96 - 96 do Incom e. 95 - 95 95 - 96½ 96 - 97 •••• - • • • . 94 • 95 94¼- 95¼ 95 - 96 90 - 91 90 - 90 90¼- !H¼ 92 - 93 .... Chic. & Mil., 1st..... 91 - 91½ 92 - 92¼ 93 - 94½ .... - • . • . 95 - 95 95 - 96 92 - 92 .... 87¼- 90 90 - 91% 92 - 93 99 - 99 Chic. & N. W., S. F .. 100 -102 97 -105 98 - 99 98 -100 99 -101½ 100 -102 101 -102 98 -100 90,¼- 97 100 -101 88 - 98 do interest. 94 - !-Jfj,¼ 9G¾- 97 97 - 97 96 - 96 94 - 94½ 94,½- 95 94¼.! 94¼ 94¼- 96¼ 93 - 90 85 - 88 85 - 85 90 - 92¼ do con sol. 90¼- 92 9&¼- 92½ 90~4- 90¼ . . .. - . • . • BB¼- 89 89¼- 90,¼ 91 - 92~ 91 - 92¾ 9l - 91 78¾- 87 80 - 82 86 - 86 do exten. 91 - 91,½ 88¼- 91 88 - 90 90 - 90 - ... 70 - s, .... 75 - 80 do lstM. 9S -100 97 -100 98 - 99¼' 98 -100 °98 -tOiY. 100 -102·· 101 -101¼ 97 - 99 - 99 89 - 96 95 - 9!1 87 9J - 90 do coup., gold . . . . . ...•.•. - •.•...•• - •... .. .• - . . . . 93½- 93½ 88 - 88 90 - 90 89¼- 92¼ 80¼- 80¼ 'i9¼- 7\1;' 90 .. 95 - 95 Cleve. & P., con. S.F. 94 - 94 ..•. - •.... . .. - . . . . 9n - 96 90 - 90 90 - 93 94 - 94 93 - 94 88 - 88 90 - 9J. 90 do 2d :M. .. . 99¼-101 101 -101½ 98 - 99 98 - 9!1 99¼'-100,½' 100,¼-101¾ 102 -102 .... - .... do 3d M . ... 97 - 97½ 97 - 99 98 - 98½' 98 - 99¼' !J6 - 97¼ 95 - 98¼ 98½- 98¼ !)8 - 98¾ 95 - 93,¼ 97 - 97 .. "iJi/ - 95¼ - 08 ·do 4th M:... 83¼- s:-J¼ 8.'3¼- 84¼ 84¼- 86 84¼- 84¼ 85 - 86¼ 87 - 87 85 - 85 87,¼' 81 - 87 84 - 86½ 80 - 84 85½- 88 97 - 97,½ 96 - 96 CleT., P. & Ash., new 94 - 97 96 - !l6 9li - 95 92 - 92,½ 93 - 93½ 93¼- 94¼' 94¼- 97 90 - 90 88 - 88 90 - 92 97¼- 99¼( 96 - 97 do old. 96 - 97 97 - 98 97 - 97¼ 97.~- 98¼' 98 - 98¼ 98 - 99 96 - 97 93 - 95 90 - 90 97 - 99 Cleve & Tol., new... 94 - 95 95 - 9,j,½ 94 - 95,½ 92 - 93 93¼'- 9:-1½ 93 - 94 · 94 - 95,¼' 95 - 96 95 - 95 90 - !10 84 - 84 90 - 93 do S. F... 99 -102 100 -101 ½ 100 -101 101 -102 102 -103¾ 103 -104 100!~-100¼ 101 -101¼ . . 95 - 9S 97 -100 100 -102 C., C. & I. C., 1st... . 8'i¼- 89Ji 8!l¼- 91¾ 91¼'- 91½ 85½- 86,½ 87.¾- 89¼' 88 - 88¼ 88½- 88¼ 88~i- 90 89 - 89¼ 75 - 82¼ 76].{- 79¼ 80¼- 84¼ do 2d ... .... 73¼- 7f, 7:!¼- 76½ 72 - 73½ 71 ½ - 73 70¼- 73 70¼- 71,¼ 71¼- 72 x68 - 70 69 - 69 45 - 60 61 - 65 C., C. ,C. &I., 1st7sSF 101 -10~11 101 -103 101¼-102¾ 101½-101½ 99 -103 100 -103 104 -104 102 -102 97¼- 97¼ 95 - 95,¾ 98.½- 99){ ~in .• Laf. & Ch. 1st ]tf. . . • • - • . • . 83 - 83½ .• , . - . • . . . . . . - • . . . . . . - . . . . . • . . - •.. . . . • . - •.. ·8r - si· .. .. - ... . .... . .. . - . ... Del., L. &·W., 1st M. 98 - 99 !l8 -102 102½-103 98 -100¼ 100 -102 101 -103 103 -104 ..• .... .... . ... 96 - 98½ 97 -100¾ 101 -103¼ do 2d M. 95 - 96 95¼- 97 95 - 97 97 - 97 97¼'- !J9 99¾(-101 101¼-102¾ 1(13,¼'-104¼ 101 -101 96 - 97 96 - 97 98¼-100 do 7s, conv. 97,¼- 98 98 100 97¼- 99 96 - 98 100 -102¼ 95 - 98,¾; 99 -100% 100 -100½ 95 - 95 93½- 95 90 - 96¼ 93 - 96 D .. M. & Toledo ..... 97 - 98 95¼'- 98¼ 95 - 96½ 95½- 97 97 - 97½ 97;i- 97¾ 97 -100 96 - 97 93 - 96 90 - 90 90 - 95 95½- 96 Del. & Bud. C., 1st M 101 -101.l,ii' 101 -101½ 101 -102 102¼-10'2¾ 103 -104¾ 104 -104 102 -102 100 -lCO 102 -102 90 -102 99 -1CO¾ 100 -101¼ D. & Sioux CitvlstM 90 - 90 90 - 94 92 - 93 ...• •.. 93 - 93 93 - 93 89 - 90 85 - 85 87¼- 87¼ do 2d div. . . - . . . . 88 - 88 ...• - . . . . . . . - . . . . . . - . . . . 93 - 93½ . 88 - 89 ... . - . . . . 85 - b5 . . . . . . . . 75 - 75 . . . . . . . Erle, 1st M. ex ten ... 101 -101¾ 101¼'-102½ 102,½-103 102 -103 !,{ 100;.(-lOl½ 101¼'-102 102½-103,!,( Il'3¾-104 104 -104 96 - 98 96 - 98 100 -100¼ do 1st M., end. 99¼- 99¼ 98 - 98 98 - 99 98 - 99 . . . - ..... . .. - ...•. . .. - ........ - .... 100 -100 do 7s, 2d l\f., '79... 97 - 99 99 -102¾ 99¼-100 9H¼- 99½ 1003.(-100,½ 101½-102 102_½'-102½ 103,¼-104 100 -100 94 - 94 95 - 95 .. 96,½- 96¼ do 7s, 3d :r,r., '83 .. 96 - !18 98 -100 97¼- 98 97 - 98¼ 98 -100 101 -101 100,¼-101¼ 101 -lOlJ, 97,¼- 97J§" 90¼- 92,½ 94 - 94 96 - 96 do 'Is, 4th l\i., '80 .•. 92,¼- 96 95 - 97,½ 98 -101,¾; 97 - 98 97,¼- 98½ 96>,- 97½ 97,¼- 98 .... - ....... - .... 90 - 91,¼ 89 - 91¼ 92 - 95 do 7s, 5th M~ '88 . . 90½- 93¼ 9:3¼ - 94½ 97 -100 98¼-100 98 - 99,½ 95 - 95,¼ 95,¼- 98 97 - 98,½ 95 - 95 90 - 91 91 - 92½ 90 - 9l do do cont-. ?r1, gold 93¼- 95 93 - 96 97½- 97,¼ 96 - 96 90 - 90 ..• - . . . . .. . - . . . . . . .. . . . . . . •• . .... . . .. . . . . . .•• Gal. & Chi"., cxten .. 100 -101 101 -103 100½-101 100 -101 101 -103 101 -103¼' 102 -103¼ 100 -i02 95 - 98 · · 98 - 99 100 -102 do 2d M. . . . 96 - 97 96¼- 97¼ 97¼- 98 99 - 99 96 - 96 97 - 98 98 - 98¼ 98 - 98 98 - 98 91 - 97 90 - 92 95 - 95 G. Wei!tern, 1st J'tI,'88 96 - 97 93 - 97 94 - 94¼ 94 - 94!,,( 95 - 95 95 - 97 97 - 97 x93 - 93 94 - 94½ 85 - 91 89 - 90¼ 9-2%- 94 do 2d M., '93. 86 - 87¼ 88 - 89 88,¼'.- 89 89¼'- 89½ 85½- 88 85¼- 87½ 88 - 88¼ 87 - 87 ... . - . . . . 75 - 79 72½- 78 78 - rnJ{ H. & St. Jo., Ld. G .. 100 -101 100 -101 101 -101½ 100 -100 104¼-104¾ 104 -104 104 -104 104 -105 101 -105 90 - 90 do 8s, conv.. 92¼- 92¼ 92¾- 94 87¼- 89½ 86¼- 88 85½- 86¼ 87 - 89 87¾- 90 90 - 91¼ 82 - 85 70 - 7i .. 60. - 75,½ 76 - 78¼ Han . & Naples, l st M ..•• - ••.• 86 - 86¾ 86 - 87 88 - 88 85 - 85¼ .••• - ..•• 84 • 84 84¼- 84½ .... - •... 70 - 70 Han.& Cent. l\fo.lstM . . • - . . . . 81½- 82 82½- 83½ .... - .......• - . ....... - . •• . 82 - 82 82 - 82 illarlem, 1st M. 7s .... 100¼-100¾ 101 l,f-10-2¼' 101¼-102¼ 102 -103 ...• - ......• - ........ - ... . do con. l\f.S. F 6Ei. 90 - 90 90 - 99 90 - 90 .... - . ... 100 -100 100 -100 100 -101 97 - 98 .. .. - . . . . 90 - ·90 90 - 90 98 - 99}{ Ilad.R.7s,~d~r. SF,'85 102 -103 10.'3¼-104].{ 102¼-10-11,{ 104 -104½ 104¼-105¾ 104 -106¼ 104 -104½ 104 -104 104 -104 100 -10-2 103 -104 106¼-106½ do 7s, 3d l\I., '75 .. 100 -100½ 100 -101 1111 -101½ 101 -101 100 -100¼ .. .. - .... 100 -102 102 -102,½ . . - ........ - ........ - . . • . . •• - ... . Ill. Cent., 7s, '75 ..... 101½-103¼ 103 -104 1P4 -104,¼ 100 -101½ 101 -102 100 -101 100 -102 101 -102 100 -100 95 -100¼ 100 -100 100¾-101¼ Ill. & So. Iowa, 1st M . .... - . . . . 91 - 91 87 - 87 88 - 88 88 - 88 88 - 90 89 - 90 . •. . . ••• •. . . . . . • • • . . 80 - .f!.J 80 - 85 Iowa Mid. 1st Bs..... 95 - 95 .... - • • •. . .• - ......•. - . ... . ... - . . . . . .. - .... . .• - ........ - ...... - ........ - • . •• 81 - 85 85 - 87 Joliet & Chic., 1st M. 100 -100 102 -102 104 -105 104 -104 107½-107½ 105 -107½ 103 -103½ 103 -103 103 -104 100 -101 101 -102 102 -103 La Cr.& l\[il., Bs, 1st M .... - . . . . ... - ........ - ... . .... - . . . . 93¼- 93½ ...• - ........ - . . . . . . . . . .....•• La., BJ. & Miss., 1st.. 87 - 89 84 - 88 86 - 86 ..•• - . . . . . . • - . . . . 84 - 84 84 - 94 80 - 80 . . . . .... . .. .. . . . . • •. • • ••• Lake Shore dividend 93 - 93¾ 94 - 95 95¼- 96¾ 91 - 93 92½- 93¾ 93 - 94J..( 94 - 95¼ 95 - 95¼. 95 - 06 86 -86 °81 - 88 88½- 90 do con., coup 96¼- 97,'{ 98 -100¾ 99 - 99 . . . . . . . . 98¼- 99 99½- 99½ 97 - 98 98½-100¾ .... - • • . . 87 - 87 87¼- 92 94 - 9( do do reg. 97 - 97 98¼- 99½ 99 - 99½ 98 - 98¼ 99 - 99½ 9!l¼- 99½ 97¼- 97½ .... - . . . . . . . . . . . 87 - 92 ... . - .... 90½- 92 Long Dock.......... 92 - 92 92½- 95½ 95 - 95¼' 95¼- 97 96¼- 98¼ 95 - 96 95 - 95½ 95- 95¼ 94 - 95 86 - 95 90¼- ·91½ 89,½- 92¼ Long Island, 1st l'tI 7s 91 - 91 89 - 92 89 - 89 92 - 92 96 - 96 92 - 93 ...• - .. ....•• - · ..... .. . - •.•.•.•• - • . • . 88¼- 89 Mar. & Ci11., 1st M. .. . ••• •.• . . .• . 91 - 95 90 - 90 90 - 90 90 - 90 101¼-101½ 101 -102 ... . - ........ - . . .• . - •....••• - ...• Mich. C., cone.7s, 1902 . • - .... 100 -100 100 -100 ..•. - .. 99 - 99 98¼- 99 98 - 9:l½ j 98,¼- 99¼ 1 98¼- 98½ 9-l - !.14 1102 -107 1105 -108 do 1st M 8s, '8~ 111 -114¼ 114¾-115¼ 115 -1!6 109 -114 111 -112½ 112 -114½ 112 - 115 112 -112 1112¼-114 I 98¼-lOO¼ 87½- !JI 90 Mich. So. 7s, 2d M .• 96¼- 98¼ 98 - 99 98½- 99¼ 99 - 99¾ 91 , 98 98¼- 98¾ 98½- 99 99 - 99¾[ 99 - 99¼1 92 - 9U [ 110 - 91½l 93¼ • 94¼ M. S. & ?i. I .• S. F .•7s 101¼'.-103 103 -103¾ 10/3¾-105 104¼-104¾ 100¼-102¾ 102 -103 102¼-104 104¼-104¾ 103_½-103½ 99 -101.½ 95 - 99 98 • 101 M.& tit. P.,lstM 8s,PD 105,~-108 104,½-105½ 105¼-106 106 -107½ 108 -108 109;(-109¼' 100 • -110 xl()(f -106 .••• - ••.• 102 -102" · 100),-101,¾ 101 -100 do lstM73-10PD 93~- 95¼ 92,¾- 95½ 93 - 93 9i - 94.½ 93,¼- 95 94 - 96 98¾- 98¾ 93 - 93 95 - 95 86 - 90 80 - 87 92 - 93¼ do, 7il, gold,R. D. 95 - g5 .. - .....•.• - ..•. 88 - 88 92¼'- 92.¾' 91 - 92½ 88¼- 89 ...• - ..•. 88 - 88 75 - 75 70 - 76¼ 82¼- 84¼ do let M_, La C. D 90¼- 91¾ 91¼- 91,¾ 89¼- 91½ 88¼- 89 91 - 91½ 92½- 9:-l¼ 90¼- 91,½ 85 - 90 85 - & 78 - 81 81 - 85.¾ 88 - 90¼ do 1st 1t1., I.&MD ...• - • •• . 86 - 86½ 86¼- 86.¾ 84 - 84½ 84 - 84¾ 84¼- 84¼ 80 - 81.¾ 80¼- 81 81 - 81 78 - 79 66 - 78,¾ 75 - 78 <lo 1st M., I. & D ..••• - . • . . 75 - 79 80 - 80 do 1st M., II. & D .••• - • . • . .... ... ... • . .. . .... •. . . ••. . . . . • .... • . . . 73 - 73 do 1st M., C.& M•.••• - •• • . 80,¼- 80.½ 83 - 8.'3 82 - 83 ... . . . . .. . . . . 71 - 75 78¼- 73,½ 74 - 79 do 2d :M:., C. & M. . .. - . . . . . . . . ... ... •. . . 77 - 77 77½- 78 78 - 78½ 79 - 82¾ 82 - 82 71 - 75 7, - 7g do Iowa D....... 86¼- 86¼ 86 - '87¾ ...• - . . . . . ... - •......• - ••....• - •....••• - ••..••. - ••.....• - . .•• do 2d M, I. & MD 84 - 84 84 - 86 .. - . . .. .. . - . .. . . .. . - .. . . .. . . - . . . . . . . . ... . ... . - . .. . .... - . ... ... . - .... .. . .... ...• • .•• Morris & Es., 11-t. ..•. 103 -104 104¼-105 105 -105½ 104 -105 101¼-10!¼ 103¾-105½ 101½-101½ 104 -105.½ 1n5 -105½ 102 -103½ 99 -101¼ 102 -103 do 2d ..... !18 .- 98¼ 91 - 99,½' .96 - 97½ 97 - 97 97¼'- 99½ 98,½- 99½ 101 -103 .93 - 98¼ 95 - 95 93¼- 96½ 95 - 9G¼ 96¾- 99 do conv . . 89¼- go !JO - 90 . • . • . . . . . . •• •. • . • . •. . . . . . .. ... . - ... . .• - . .. . ... 80 - 80 80 - 80 constr. . . . . - . . . . . . . . - . . . . . . • . - • . . . . . • . - • • • . . . • . - • • . . 93 - 93 90 - 90 90 - 90 clo 0 ~~ ·oo - . trr:~ - - - os·· - ·oo· - - - - - .w· - s.w- ~ --ss· . - - ·oo· - .. - - - 0 - 0 0 n" l ioi -107¼ 104],(-105. icis" 1 1 ~ : ~¾ "ff N. J. ~gutb.~t,f1.i:1s .73½: 'IB¼ ·1ii°: 73 .. 74. 75 .. 75!.{: 78¾ 7,i": 76 .. ·13· : 7,f N. Y. Cent., 6s, '83... 92¼- 93.¾ 93 - 94 94¾- 94¾ !-14 - 94¾ 91¼- 92¼ 90¼- 93 91 - 94 91 - 93 92 do oil, '87. .. . 91 - 91 91 - !)2 91¼- 92½ 91 - 91,½ 91 - 91 9 t - 92 91 - 92 91 - 92 91 ilo 6s, R. E .. 87 - 89 87 - 87 87 - !JO 89 - 9!J 87 - 87¼ 87 - 88 88 - 90 90 - 90 90 do ~s, snb.. 87 - 87 87 - 87 87 - 90 89 - 90 87 - 87¼ 87 - 88 88 - 90 90 - 91 90 do 7s, '76 ... . l00,¾-102 100 -102 98 -10.2 101 -101¼ 101 -101½ 101½-103 102½-103¼ 99,¼-101 100 do 7il,conv'76 100¼-100,3.S 100 -100½ ...• - • . . . .• . - .....•. - ........ - . ... .... - •••. 100 -100½ .... do 711,'65-'76. 100½-100½' 100 -100½ 1 1 =1~ i<X> -100·· 'ifr" - 9f "9f -100 .. "97" -100 ioi" -1oi"' 97 ° - of " ·.:.gs ~ :~: ;e;::. ~~.:~. : i~¼=i~¼ N. J. c~~1t., ts1if~~ 16~½=16~¼ 1:¼:1~~¾ ioi,½-104¼ i02' -104 .. i@.!,a-105,½ i05,½-H)7¼' 0 = 0 iig ihr~~~\\ii·11:~~~!:~1F ::::: :.:: ·93~= 93¼ do lat 1tl.. . . . 92 - 92½ 92 - 93 c onsol. 91¼- 92 -do no 2d cons 84¼- 85¾ Pnc.R.7s,gnnrby:Mo !16 - 97 Pac. of Mo,ht 6ll,g,'88 87,(- 90 Pekin, Lin. & D,ll!tM 86}(- 81 Peninsular, let, conT. 95 - 95 P., Ft. W. &C ., l ■ t:M. 104 -100 do 2d 'M . . 95 - 96,¼' do lid M. . 9~ - 93 do Se, eq•t 99]a-101 Qu. & 'l'ol., 1st M, '90 90 - 90 https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis 91¼- 92¼' 86¼- 87% 98 - 98½ 88 - 90).'. 86 - 86 98 - 98 10-1 -106,½' 96¼- 98}{ 94h- 95.J..4, 100¼-101 91 - 91 ~5½: mt 0 =10.iji iOO)i'-102° - 9i - 92 - 90 - 91 -100¼ - .... ·93¼- oa¼ 92 - 92¼ 88}{- 88¼ 97 - 97,½ 86 - 87¼ ... • - . . 90 - 01½ 104¼-106½ 98½- 99 95¼'- 95¾ 97 - 99 90 - 92 91 - 92,½' 84¾- 85),( 96 - 07 87 - 87 . .. .. .. 00 - 90 105 -108¼ 99 - 99 92 - 92 98 - 98 91 '! 91 88 8~ 85 85 . ... - 91):,( 87 90 90 ... . 86 8.':i 80 81 . ... 91 - 40~ - 89 89 81 81 .... 91 ioi -tor· "35" 00 87 83 8.'3 102 :02 - 35"" - 9lt - 90 - 87 - 87 -10'~ -102 95¼- ifr" "97" - 98 .. .. . • - . . . . 82½- 83 ·ss· - 8s· · 83 - 88,½ 89 - 91 0 0 92¼- 93¼ "9g" -loi"' =m.. ·so· =i;f" "40· -100·· 94 - 95 ·93½ · 95>i ·95· - 95½ ·9i¼- iir· ·fo~-- 9i¼ 9oi- 90½ . . .... - . ... .... - . . 93 - 95 9~¼'- 95 91 - 91½ 91¼- 91¼ 90 - 90 84 - 84¾ 81 - 84¼ 84¼- 84¼ 83 - 84¾ S.1 - 83 98 - 98,J.( 98¼- 99½ 05½- 97 96 - 97 95 - 96 ...• - . .. . 85 - 85 85,¼- 86¼' 83 - 84¾ .... - • . . . . .. . . ... .. . . . . .. . . . .. . . 00 - 95 95 - 93 IJ5. - 95 .... .... .... 106 -106¼ 106¾-108 104 -106,½ 104 -106 ,100 -105,½ 101 -101½ 101¼-104 lOo -104 100 -101 1100,½-101 92 - 92 93 - 93¼ 95 - 96¾ 95 - 96.?9 94¼- 94½ .. , . - · ... , 98 - 98 103 - 103 1100 -103¼ 100 -100 91¾- 92 90 - 92 91¼- 91¼ 90 - 92 I 9') - ~ ·10· - 78 .. 8.'3 91 85 - 85 . .. • .. 80 - 80 100,¼-10-.!¼ 95 - 98,½ 81 - S..1,½ 115 - 95 •••• - •.• ·oo• : oo·· ·ss¾&l¼' 70 - 72 74 · 77).( 92¼- 95¼ 97 - 00,!i 70 - 72 74 - 76 .... . ..• -103 103 -104¼ - 97¾ 97,(-100 - 86 87 - 93 - .... 11 • - •••• e6 - 86 -~ 99 97 84 .. . . ...:.~lf 58 RAILROA.D BONDS. Prices of Railr@ad Bonds for 1813-(Conelrrded) . .J ANUAr.Y. BONDS. FEBRUARY MARCH, JUNE. APRIL. JULY. AUGUST. SEPTEllIB'R 0CTOBElt. NOVEJIIBER D ECEMBEII --·--t----r-----1----·1-----1-----1-----1----·l-----l-----1-----I-•--____ ,____ - - - - 1 - - - ---1-----1•----1---- - 1 - - - - 1 - - - - .Low.High Low.High. Low.High Low.High. Low.High, Low.High. Low.High. Low.High. Low.High. Low.High. Low.H gh . Low.High, ~~ 1 : ;u~ln~~~ti:~ ~ 89 : s9 ~~- : 80. Side. L. I., 1st M . . .• - •.. .... . - . • • do S. ~. St.Louis & l.M, MM 95. - 98"½ 94 - g5 T~~k&c.f"~~; st. L ... . Toi.. Peor.& W .• E. D . do W. D. do Bnr. div. = 91 giji ·g3· = 93 .. 90 - 91,½ !11 - 9-1,½ 8S - 90 8& - 91 82' - 83 83 - 83 7 '.~.: ~. - .85.-85.. : 93 - 80 .~~.: ~-· ::::: :::. ·iii/ : !i2· :::: : :::: ·:~'.: .:: .. ::·: ::: ::::: :::: .~ . : so~:... 95.. .... - ... .. ... - . . . . 90 - 94 .... - .... .9-1,¾- gs·· 91¼- ~8 ·97j~-100 .. 99 -100 .. ·ro· = 89¼ 90 =00¾ 91 = 91¾ : = : ..• . - • • • . . .•• - . • . . . ... - • . . . - - ·sa• -- 96 - 96¾ .... :::· 90 88 88 = = = '.~ .. 91 ¾ 88¼- 89,½ 91½- 92 }4' 90½- 90,½ 90 - 90,½ 9i° 90 - 90 80 - 8588,½ 87,½-· 87½ 88 - 88},( 88¼ - 89¾ 90 - 91 87¼- 88¾ 86 - So 75 - 78¾ 84 85 - 85,½ 80 - 86 82,½- 84 83¾- S.3¼ 83¾- 83¼ ffi - 83¾ 7Z - 75 94¾- 95 93,½= 91 88 83 - 80 oo~ :j; m.. ro ro¾ ~. x . . - ... . 80 ... - 80 - : : 66 60 72,½- !Ji .. - 92¼~ 74 : 71 66 68 67 72,¼ ., . • - 95 75 * 70¼ 67 . .u ~;i:}f: ~~· =;~:: ~g : ·i1~= ~·· i:¾= it~ ::. : -::¼~ :¾ ::. :::½ zt~= iti iL: IL :~i: : ~· :~~: : ~;.. :~:: ri/ 84;' ;;1.~i Wab., do 1st St.L.div do 2d M ...... do equip .. .. . do cone.,conv. Union Pac., 1st M .... cdlo '1 Ln.eG•. 7ss•.• 9 1 10 0 West. Pacific . . . . . WeAt. Un. Tel., 1st M 'lVh1onl&St.P.,l stM 92 92 83 87 83¼77½75¼89¼96½- ~½' 93 89¾- 9:3 88½- 89 88 92 9'2.½- 93 93 - 93¼' 93~84 83 - 85 r• 85 - 85 83.½89 85 - 88 86 - 87½' ffl¾87¾ 86¼- 88¾ 85¼- 87 85¼79¼ 76 - 77% 77!(- 79¾ 73¾83 74 - 77}f 70¼- 75¾'. 72¼'90½ 91¼'- 94¾ 94¾- 94¾ W¾97 96 -100 86¼-100 99 ........ - ........ - ........ - 90 90¼- 91¼ 90½93¾ 90 - 91 91},(84½ 81;6- 83 8'.J 87½ 85 - 8:i;:( 85 86¾ 85¼- 8fi¾ 86¼74% 69 - 75¼ '70,1,!73½ 59 - 71¾ 57 94¼ 95 - 05!,.( 95 99 93 - 96 95 ........ - .. ...... - 91 ¼ 92 83 85 91,¾- 93 89 - 90½ 89 - 89¾ 82¼"- 82¼' 76 - 82 91½- 92,½ 92 - 92¼ 93 - 93 80 - 85 80 - 85 82 - 82 82 - 83 81 - 82' 71 ti8 - 68 87 1,7 81¼70¾ 69 62,½ 57½95¾ 92½97 ll7 ........ - 87 82¾ 70¼ 59¼ 9-2¾ x83¼- 84½ 80¼- 82!,! 70¼- 73!{ 60 - 63 92¼- 92),; 98½ 98 - 99 .... 81 -81 84 77 68 58¼.... .... •••• - m 70 80,¾ 70 7t 62 59¾ 35 ••. .... .. ... ... - •n 75 '14 ¾ 66¼ 81¼86 70 70 - 71 70 65.¼- 78 SOJ,t57¼- •rn 72¼'41¾- 57½ 66,½'76 - 86¼ 70 74¾. 85 75½ 73¾;: 85¼'. 51,½ . .. . 68 SO½ SU.(- 92¼. - ....... - .... 70 -70 ·s;· - ·s5· - ----------------~-----------------:------,-----------------~BONDS. JANUARY. FEnRUARY MAncn. · APRIL. MAT. Jmni:. JULY, A'~GUST. !S1tPTElffi'R OcTonEn. NoVEMBER DEcEJIBEB Low.High. Low.High. Low.High. Low .High. Low.High. Low .High Low.High. Low.High. Low.High. Luw.High. Low.Hi;;h. Low.TTfah. 99 -101 g~ :L ~lton & T. H., 1st m. .~~~= ~~ ... ~~- = ~~~ do 2d vref. do 2d me !m D & Imp b'nds Beu:•v•ie&S.Ill.1st8s B., Hart. & E. l st m ..• do guar. Du!Ialo & Erie. new •. Duff. N.Y. & E. 1st '77 l 0 .1fJ1 -Wl t,._l_b_a_n_ y_&_S·u--sq-.-,-ls_t_.. 96 - 98 99 -100 87 - 88,½ 1, 84 - H:'>,½ 'i4 - 77 177¾- 78 90 - 94 93 - 94,¥ 87 - 9Z !J;:J - 94 2f-.¼- :10 30J!£- 3 1½ 97½- 37¾ ' 43 -- 45 !iO - !)4 l 9-i - 96% 87 - 88 .• •• - . . . . 10.!},-102¾ [102½-103,¾ iO:! -103¾ .... - .... 100 - 102!.1' lOt -102¾ 11fl:3_M-l03¼ 103,¼-105¾ 05,½-lOnJ,,1 107 -10·~ ~~ . : llil¼ 99 -100¼ 85½'- 8i>Jcf . , .. - . .. . !-15 - 91 94 - !)6 2:1 ~,- 29]~ 42 - 42 !lb¾- 93 89 - BS ~:~= ~-· .:~. .~'.. = ~'. ... =1~ .. 100 -100 100 -JOL 100:,(-100¾ 87 - 87 87 - 89 t:8 - 88 76 - ":8 73 - % 73 - '14 9S - 99 98 - 9g½ 100 -101 90 - 92 !) !,¾- 97 95 - 99,½ 25,¾- 28.¼ 22 - 25½ 2~¼- 23,½ 9-1 - UU,¾ ·gr - 06¼ .. 05i<i'- 9~~j 8S - 89 88¾- 8'3.x' Im - 86 L~~e\<;~ :::: - :::: ::::: :::: ::::: :::: ·g5·: 95·· 50 -69 1 Bu:ll'. s tnt~ Bur.C.H.. &lf.lst7sg 58 -80 55 -60 61 -64 Ced. Fa?1s & M.1stm. 71¼- 73 73½- 74 i5 - 71\ Cent. or N. J. ll!t, new 105½-106 104 -105,½ 105 - 106,½ d o 1st cons .... . ..• - .... LOO - 102 do cons. conv ... • - .... 101 -101¾ L0!¾-102¼ Centr1l Pacific, gold.. 93 - 96¼ i 90¾- 9tiX !13.¼- 94¼ Br.•.•• - .... j .... - ....... • : ... . 1° ii~t6° State _,._it: ::::: :::: ioa· :10s" : ::: - rl~ 76 - 77¼' 105 -107¼ .... - . . .. 10·J¾-1C.3 94 - 91¾ .... : ... . ~~. =1~~ 101 -10·2,½ 86 - S!l,½ 70 - 70 9il - 99,½ 95_-·· - 99 ~o - 20 97 - 97 86 - 86 ~~. =l~~~l.~~~=1~~ •. ~~~. 102 !'6 70 !J8 94 21 .... 97 85 = ir." 95 -56 ' 55 -103,½ - 86 - 70 - 98 - 95 - 24~, - 9.3" - ~ =1~~-- .... 105 -108 - 87 87 - 88 - i2 7t - 74 - 98,½ 97 - 9i¾ - !!6 9L - 92 - 24 22 - 22½ ~ - 35 .97¾-1(,o" !J'X- !18 ~ - 85¼ 1:50 - 88 .... 86 72 98 95 211 ~g :1~i : :1:~ 1~~J;4=1~i¾ IOO -104 88 - 89 71,¾- 73 97½-100½ 9t - \J5 :!2 - 211¾ - .9"3{- ~9-8!1 - 00 : ll8 .. io:i' :102j.j nO -ti5 52 -f'l::, 53 -GJ 65,¼-67½ 55 - 59 50 -52 i9,¾- 81,½ 80 - rn .... - ....... - .. .. .. - .... 79 - 80 80 - 8~.¾ 10j -106 108 -108,¾ L0-2 -107 103,½-104 i04¼-10o t03 -107½ 108 -10&¼ H9 - 99 ... - ........ - ........ - ........ - ........ - ........ - .... 100 -100¾ 101,½-101,¾ 101,½-102 10-l -lO'l¼ 100,½-102 10'l¼-l04 102},-10~¾ 89 - 94 !J2¾- 9;,_¾ 88 - 89¼ 89½- 90¾ 9u,¾- !!2¼ 9:.'.¼- 9-!;1/g 9:! - 95¼ .... :: ........ ·gs·: 98 .. ·!)'7·: 97,½ ·u5· =........ - ........ - ........ - ........ - ....... • - .. .. :::: iOi½-lrn,½ LPO -103½ ~ : 50 Choa. & O. 6s, 1st m.. . . • - ........ - •.•.....•••• : •.•.•... . .•. • = •• . . . so 1 30 do ex coup ..... - ........ - • • .. 30 Chicago & Alton, s.:t.. ..•• - ........ - .... 100 -100 100 -100 .... - .... do lstm. 10i> -104 103 -105 '.02 -10& 104 -106,½ 107 -107 do income. 9~½- g5 98!,6-100 .... - .. .. 94,¾- 94¼ 95 - 97 Chic. B. & Q.Ss, lstm. 108,½-109 lO!l,¾-110 110 -111¼ 108,¾-108,½ 107 -110¼ do co11s. m. 7s . .... - .... _... . - ........ - ........ - ........ - . . . . Chic. & Mil. 1st m .... 91 - 112.½l' !:I~¼- ~5 93¼- 94 9B½- 94 !Hl,(- !l4¾ Chic. & N. W., S. F .. 100 -101 !18 -101 101,¾-102¼ !C2,½-l (\'l 101¾-103 do interest. 92 - 96 97 - 98 9, - 99 99 - 99 .. .. - . ••. do consol. 88 - 92 Hl½- 93 91 - 92 ~o - 91 85 - 85¾ do exten. FO - 90 86,½- 89 89 - 91 89 - !ll 89 - 89 do Mm. 98 -102 100 -10! 100 -102 100,¼-:iOl¼' 101 -101¼ do coup, g. 81¼- e6,½ 85½- 67¾ 87¼- 88 85 - 88¾ 8:l¼- 86 100¼-:102.. ·H~½= fl8X .... - .... io1i· =101 ioi· 50 40 JOO 10? 97 48 - 52 47 - 48¾ 45 - 45 42 - 42 100;:(-100¾ 99 -W1¼' !00,½-10:i½ 10;-J_½'-104 95 - 96 97 - 97 110,¼-110¼ 108 -110 108 -110 .. .. . . . . .. . . . ....... .. !J4 - 9~ 91 - 91 91 - 91;li 103 -103,¼ 10:1 -104 100 -100 96 - 96 95,½- 97 96 - 9e 86¼- 87 E5X- E6¼ 82½- 84 .... - ........ - . .. . 102 -102¾ !l9 -100,½ ~ - ii.½ 76 - 80¾ 76 - BO 78 - ~H½ : ~2 ., 0 -! CO -107 - 97¼ :101 102 =106 48,½- 4.8" 49 - 50 49½- 51 40 - 40 40 - 40 40 - 40 ... . - ........ - ........ - .... 104¼-lC6 106 -110½ ... . - .... 98 - 98 92 - 98,¾ 98¼-100,½ 110 -1:10 110 -111 112 -112 ..... - ........ - .... . ... - . . 91 - 91¾ 91,¾- 92 91¾- 94½ 99 -100 100 -101 100 -lOZ 98 - !l8 95 - 97¾ 94 - 95 83¼- 8~½ 85 - 85 83½- 89 ... ·iif - ~16 ·gf - 96 .. 95¾- 97 .. 77 - 78 80 - 81 80½- 83½ =,~~¼ 1gi :1g~~ 104 -H,7 8 : - 91 73 - 73¼ 102 102 94¾- 95 22 - 24 30 - 31 µ9 -101 ::!~ - tstl' 1gi :1gg¼ 45 -45 84 - 8fi !08 - 1o<J½ l01¾-lf13½ 103 -10431( 45¼- !l6~i ~L¼- rn1 ~:¼ =io~ 47 - 51 40 - 40 100 -100 1f8 -109 100,½-11,! ½ 112,½-114 105 -105 92 - 96 100 -103 97 - 99' 88½- 89½ .... - .... 98½- 99¾ 81}(;- 81¾ Chic. I. & ioo' :1of. l~~J,:1:½ io5· :105 .. iofi" =105½ io5· :1oii" =1~~~ i02¾:lOi¼ 1~ i04¾=106¾ io5· :106¾ 1bKJ<i=1~ 1ii.½=1ii~ cin. L 11f. & Ch. 1st m. 100 -100 .... - .. .. 82¼- 82¾ . ... - ........ - . .. . .. . • .. ...... - • ·-- .... - ........ - ........ - ........ - •• • . 83½- Sb C· C. C.& I. 1st 7s, s.f. 100 -100 H10 -102,½ 103 -103 lOtX-1"3¾' 99 - 9\1¾ 99 - 99½ 99¾~100 1(10 -101½ 1()2 -}03,½ 104 -105 103 -1 04¼ 104 -104 oleve. P. & Ash., old. 9;'J¼-'97 98¼-100 98 - !l9 99½-100 97 -101½ 101 -101½ 9i½- 99,¾ 98 - 99 98¼-100 100 -101 100 -103 l<rl -10334 Cleve. P. & Ash., new !:1'2 - 94 91 - 99 96,¾- 97 94 - 95 94¼- 96¼ 97 - 97 91 - 98 97 - 97 97-100 97 - 93¾ 96 - 98¼' 98.~ -10-J Cleve. & P. con. s. f. ~ - 93 94 - 95 98 - 98 93 - 93 95 - 97 97 - 97 95 - 95 95 - 95 100-100 101 -101,½ 98¼-lOl,¾ 11 2 -102¼ do 3d m. 97 - 98 98 - 9'.l 100 -100¾ 100 -102.½ 9!) - 99Ji 100 -100¾ 100 -101 lOJ¾-100.½ 100,¾-lOl 101 -102 99 -100¾ 101 -101,¼f do 4th m. 85 - 88 88 - 89 88½- 89½ 89,l{- 90 89]~- 91 91¾- 913{ .... - .. .. 88 - 89}5 90 - 91,½ 00 - 9i,½' 92 - 95 96¼- 97 Cleve. & Tol., s. f .. .. 97),-101 101 -100¼ 101 -103 103 . -104 103 -103;{ 103 -104 100 -100 100 -101 101 -102 102 -102,¾ 103 -106 104 -106 do new. 92 - 9.'i 94,½- 9i¼ !:17¼- 98 97 - 97¾ 9-:-¼'- 97,½ 97 - 97¼ 96 - 97¼' 97 - 97 99 -100 96 - 9d 96 - 9\J llS½ ·100 C. C. &; I. C. 1st m.... 84¾- 86¼ 86¾- (10 90¼- 91 .... - .. .. 81¼- 83 81¾- 82½ 80¼- 82¾ 80¼- 81 69 - 73 68 - 71 67 - C9J.( 67 - 69¼ do 2d m... 60 - 67,½ 6-1 - 67 65 - 65 64¾- 66 59 - 59,¼ .•.• - • . • . 58 - 60 .. . . . . .. 22 - 26 ~O - 30 20 - 2•:x 25 - 30 Del.& Hud. C.bt m'!ll 100¼-101¼ 101,¼-103½ 104 -104½ 104 -104 105~-106 .••• - •••. 100 -103 102¼-10~,½' 102¼-101½ 104 -1 06½ 106,¾-107 106~'-107 do do 1884 .••. - •••. 101 -102,¾ 102¼-103¼ 104 -104 10-1,.-100 •• •• - •.• • 100 -102 102¼-102¼ 103 -1()8 104 -104.l( 100 -lOti¾ l il6)9-106J,( do do 1887 .• •• - ........ - . . ...... - . ....... - .... .. .. - .... .... - ...... .. - •• .. Hl'l -1()·2 .. .• - . .. • HY) -••If) Del. L. & W. 1st m ... 101 -102 :02 -103 102 -104,),,( 99,½!-103 101,¾-101 104 -104½ .... - •••. w•:;i-103½ 103¾-10~½ 100,¾-101 100 -101 ½ 101 -101½, do 2d m. 100¼-lOU~ 102J,(-1C4,J,( 101 -104 100 -104 1!'1 -105 105 -1 05½ .... - .... 103 -104 101¼-lli4¼ 105 -106½ 106 -106 105 -107 do 7a, conv. 97 -10-r_½s 10~,i-104 103¼'-104,½ 103¼-104 104,½-105 101,½"-102¼ 103 -104 103,½-104¼ 104 -106,),,( 106¼-108 109 -110 105 -106¼ Det. :Mon. & T oledo.. 97,¾-~00 96 - 98¾ 97,½- 97,½ 93 - 99 93 - 99 98 -100 100 - 100 96,½- 97¼ 97 - 97,½' 97 - 98½ 99 - 99 99,¾-101 9!> - 9o! !}4 - 94 94 - 95 9, - 96 .... - .. .. 9lJ - 9'2 .... - . • 95 - 98 98 -100 .... - .... D.- & Sioux City 1st m .... - . . . . 90 - 90 do 2d div. 80 - 80 .... - .. .. 89 - 89 90 - 90 87,½- 92 .... - .. .. 90 - 90 90 - 91 90 - 91 95 - 97 96 - 97 99 - W Eric, 1st m., exten ... 101 -102¼' 102 -103 102¾-104 103 -104 100 -102 103 -104 101 -1Ut,½ 102,½-103 103 -103 103 -104.½ 101¼-102,½ 102 -103"4 do 1st m., end... . .. 96 - !J6 ... . - ........ - .. .. .. . • .. ...... - ........ - ........ - ........ - . . ...... - ........ - ........ - •••. 103 -103 do 7s, ~cl m. , 1879 .. 100 -10.1½ 100 -101 99,hf-100 100 -100¼ 99 -100 100 -100 10(J -100 100½-102 98¼-100 1()() -100.1,i .... - ••.• 100 -101 do 7s, 3d m., 1883 .. 97½- \i9¼ 100 -101½ 98 - 98¼ 98 - 98 91¼- 95J,4 95¼- !J7¾ 96 - 98 98 -100 97 - 97½ 98 - 99 99 -100 99 -100,½ do 7s, 4thm., 1880 .. 95¼- !17 97 - 98¼ 9S,½-100 97 - 9i,¾ 91!(- 94¾ 95 - 96¼ 96 - 96,¾ 98 - 99¼' 99,¾-100 93 - 96½ 96¼- 97¼ 96¾- 97~ do 7s, 5~hm.• 1888.. 90 - 95¼' 95 - 96 .... - ........ - •• .. 93.~- 93½ 91 - !H 90 - 92 91,½- 95 93 - 95,½' 96½- 98½ 94½- 95¼ do 7,•, con!:'. m. g ....... - .... .... - ........ - ........ - ..... ... - .... .... - ........ - . ..... .. - ........ - ..... , .• - ........ - •••. Gal. & Chic. exten 104 -105 11)() -100 102 -102 101 -101 100¾-102 100 -102 101 -103½ 100 -100,½' 100,½-101 101,½-102¾ l04 -104½ 103,½-104 do ~d m... 95 - 97 91 - 97 98 - !l9 9!J -100¼ 97 - G9 99 - 99,¼ 98 - 98 100 - 100 99¾-101 101 -101,½ 99 - 9\1,¼ 101 -101 ¼ Gt . West. 1st m., '88. 91 - 96 93 - 93¼ 9~½- 9'2½ 92 - 93 9fl - 93¼ 03 - 9a 91 - 92JI b7¼- 87,¼ 83 - ti5 86 - 87 Sli¾- 88!,( 81½- Sci¼ do 2d m., '93 . 78 - 83 83 - 84.½ 8:J_½- 84 81 - St½ 75 - 79 75 - 76 75 - 7b 7'3 - 76.½ 63 - 70,½ 68 - 71 68 - 70 62 - 6S 76 75 : ·so·: ·so·: so,½ ~~ : ~~ .'.~. ·: '.~ .. .:~. : '.~. :::: ·75.: 1r· :: ::: :::: ·55·: H. & St. Jo. Ld. G ... \lO - 95 .... - .. .. 90 -1t;O 98 - !JS 98 - 10/l 100 -100 ..... - ........ - .... 100 -100 106 -106 100 -1n3 103 -105 83¼'- 85;:,1'. 70 - 81 .. .. - .... 79¾- 79J~ 75 - i6 75 - 78¾ 73 - 78 73 - 75,¼ 77,½- 78 79 - 82¼ t(8 - 8!J¼ . do Ss, conv. m. 78 - 86 Harlem 1st m. 7s, con .•.• - . • . . . . . . . ... 105 -105 106 -107 103 -103½ 105 -107 105 -105 105 -105 103J~-108 108,½- l li!JJ.{ l07 -1L7,½ 107¾-118 c on . m.&s.?f~ :::: = :::. ioo· : 100 .. ioo· ~~~- =1~-::' 102 104;½'=1~'. .. '.~~. =1~~ •. ~~5 :105 105 -lOtiJ.1108½-1011,½ :07 -lOi¾ 107),(-11 Hud.R.7s,2dm.s.f. '85. 100 -101 103 -.104¼ 104 -105 105;,(-107 105 -106 101 -102 102 -101c 104 -105¼ io5' =106,½ iof =l06,½ 107 =100¼ ios· :11!ii do 7s,3dm.,s.f.'75 99 -100¼ 102 -102 102 •-!Ot 10-J¾-103 100 -100½ 1011 -100;{ 100 -101¾ 101 - 101¾ 102 -102J.- ••• 99,½- lOo 100 -100¼ Ill. Central 7s, '75 . ... 1Q'l -102 102 -103 102 -103 100 -100¾ 100 -101 100 -101 I00,½-102 102 -10't½ 100 -100 100 -100½ tOO -101 100 -101¼ i~ 15i P!~r':ti.f i:~: 11i:Ji!!~}i~ =:::: :::: =:::: ::::: :::: so .. g~ ss· :I~:-::' :ioi" {~a.~ltl ,'v~ l:f !:: .~.: ~~ :: .. : :::: .~~~: ~~~ ~ : t ·fr =77 .. 60· : 60· · ~~ : rs ·45·::: 50.. ~ : ~ 18 : : 40·: 4~ .. ·40·: 46.. do id m. . . . . . . - . . . . . . . . - . . . • . • • - • • • • 65 30 - 30 - . . . . . . • • - • . . 20 - 20 26 - 26 . . . • - . . . §~rr:/l!t1i~~·i !':: 1~g =1&3>~ 1gg =1~g ioo· :1of· 1~~¼=1g~¼ 1~~ :1gg ioi-' :10s .. 105 :10s .. 1~~ =1t 1oa =~oa io1· :106• · ios· :1fri · 1i~ :1~¼ Kalamazoo & W. P.l st .... - ........ - .. ...... - .. .. 70 - 70 •• - . . • . 50 - 70 75 .:. 75 75 - 75 75 - 80 85 - 85 85 - 87 So - 87 t!?ii ~i~.\;t~ ...· - .... ·7:3· : 73 70 : 70 •• : .... 71¼: 75 ·72¾: 72¼ 75 : 75 · •·· : •··· .... : •••· ····: ••• · ••• - •••· · · ·• - •••• 0 6('; - • ••• .••• - •••• 9 L ake Shore div ... .. .. do cons. con., 1st do cons. r eg., 1st do cons. cou., 2d 0 9·2 94 94 .... - Lon: Do~~~~·••r~~·:.~~ .92¾- 1"t m ... ROV- f. 0n<" T,,J,,nc'l https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis 9-1¾ 95 96 96 96¼ 114 . ....... 95. R <)I,,( - 96¾ 96.!>t- '¥1 96½ %,I(- 97 96)9 OOX- 97 .. .. 90 - 90 ·ga·: 9&¾ ·08··,: 98¼ !lo - !ll:!l,6 91 - AA ·w· ·us· - 94 - 94,¾ 94],(- 91i 95 - 95;. 9~,½- !16 °95,¼- 96¼ .!!7. - 99 .. !l8 ·g7_i.(: 98¾ :100·· 100 -100½ L02 -10~¼ 101 -103 95¾- 95¼ 96½- 96½ 96¾- 96M 95 - 95½ 95),{- 97~ 97 - 98¾ 98 - !19¼' 99¼-100½ 99. -1 00¼ 90 - 92¼ 87¼- 92 90 - 91 89¼- 69½ 89¼- 89¼ 89¼- 90 91 - 93 94 - 94¼ 91 - 91¼ !fl - 97¾ 96 - 97¼' 97 - 98¼ Q5 - \!5¾ 9!i¼- 97¾ 97 - 99 .i)(1· - 96 Q'>V,- (l23,,( ~¼=1~ fN - RP ·gg': 98 .. '97··: 98 ... 96½= 98 .. : ~N - R!) 90 - !lO .. - :1: .... - :¼:1:¼ 00 - 90 ios}.(=103¼' ·sgjg:100¼ l'\nl,,( R9 9111.,(- M ~ 50 RAILROAD BONDS. Prices of Railroad Bonds for IS7,t-(Con~luded). JA.NUA.RY. IFtrnRuA.Rl' I MA.ROH. . BONDS. _ I APRIL. I I }lAY. I JUNE. I I ,Tur.Y. M ar. & Cin. l stm. ... . ... - . 100 -too 100 -1-0i 1100 -100 '99 -100 1101¼-102¼ 102·--102,½ Mi, h. C. cons. 7s, 1!102 9() - 953,( 96¼- 98¾ 98 - 98¼ 98 - 98¾ 94¼- 95¾ 94,¼- 96 96 - 97¾ • d ,> 1stm.8s.'1:l'l,SF 107 -108 107,¼-lOi}t 106 -109 106,¼'-109 107 -108 109 -110 110 .. -111,½ Mich. So. 7s 2d m . . ,. 94¼- 97¼ 97¼- 99¼ 100 -101¼ 101¾-lc:3½ 99 -100 99 -100¼ 99 - 99 J.1:. S. & N. T. s, f . 7s. 101 -103 10'3,¼-104 104 -lll5 1"4>{-105¼ 101 -lOi¼ 102¼-103¼ 102,½'-103¼ M .&St.P. lstm.8s,PD 104¼-109 105).(-105¼ 106¼-107 107,½-107¼ 105 -105 lll5 -106 106 -107 d o 1st m. 7 3-10, PD 93¾- 94¾ 94 - 9~)1( 9~ - 96¼ 94 - 94 91¼- 91¼ 92 - 92 91,¾- 91¼ do 7s, gold, R . D ... 84¼- 86 &i¼;- 8SX .... - . . 88 - 8S , •• - ........ - . .. ..... - .... do 1st m. , L1i C. D . 91 - 91¼ !11,¼- 91¼ 90.Ji- 91¼ 87,½- 88¾ 87 - 8S¼ 87½- 87,½ 76 - 80 d o 1st m., I.& M.D. 80 - 82 81,½- 8-2 ¾ 81 - 81 79 - 80 76 - ',6 79½- 7~l.½ 77,½- 77.½ do 1st m,, I. & D ... 80¾'.- 83 St3 - 86 ...• - . . •.••• - ••.•.... - ... ..•. - ...... ,. - .. . . ,,lo 1st m., H. & D .• 79~- 79¼ 79¼- 79¼ 78 - 7-8 ...• - ...• 77 - 77 - ... . 73 - 7-'i •do 1st m., C. & M .. 7Y¾- 80 80 - 80 80¼- 80¼ 81 - 81 81 - 81 80¾- S0J,4 'i9· - 7'9 do 2d m. . . . . . . . . . . 76 - 82 80 - 81 80,½- 81 75 - 77 .••• - •..•.•.• - ....... . Morris & Essex 1stm. 103 -105 105 -105,½ 106 -107 106 ,-106¼ 100,¾-104 104 -106 104 -106 do 2d m. 101.).(- •. • . 98 - :19% 98 - 99%·· 100 ....100¼ 100¼-102¼ 102 -10-J 103 -104 do bonds 1900 . .. • - . ••••••• - . . . . . ••• - • • • . • • .. • ..• .•• •• - ..•.•••• - •••••••• - .. . . do conv . •• - • • . . 91¼- 01¼ .••• - • ,.. 91 - 92 92 - 92 .. .. - . . . . 92 - 9i do construe. .•.• - . ... • - . ••• .•• - • • . . 90 - 90 92,{- 92,.½' 90 - 90 ...• - . . . . do 7s of 1~7 1 ... - .. .. .••• - .....••• - • •• !ll.½- 92 91 - 94 93 - 94¼ 95 - 96.J,( N. J. South. 1st, m. 7s. 35 - 40 .•.• - ••...••• - • • • . 8.5 - 35 •• n - • • • • 25 - 35 0 AUGUST. ,..::EPT'NB'R 1 OcTOBER. ,N'OVK:MBEHIDE.cE111BER H! gh .Low. High.Low. Hi~h.Low. High.Low. fl ig:i.Low. High.Low. Hi2;h Low. High.Low. High.Low qigh .Low. Hi g~ Low. High.Low. 6~~;i-. 7~: ·go· ~ gf' ...• - . . . 98 - 98¼ 110 -111 99 - : 9!l¼ 102,¼-103 103 -104 .... - ..•• 80 - 80 80 - 81 . ... - ... . .... . . •. 75 - 75 76 - 'l7 100···-100 97¼- 98¼ 111 -112 !l9 -100 102,¼'-104 H'4 -104¼ 89 - 90¼ . ... . 81¼- 84 .. . • - • .. . 100 -100 99 -102¼ 108 -109 100,¼'-102¼ 104 -105¼ 10. -106,½ 90 - 90 79 - 8t1 75 - 84 72¼- 72¼ . .. . _ . . . 71 71 °75° - ff . 75 - 75 65 - 65 65 - 65 105½-lr,5¾' 1063,(-ll.Y7¼ 107.J,(· Hl9 Ul0½-101 101 -102 102 -102¼ . ... - •.••...• - .. .....• - . . . 96¼- 96.½' 88 - 89 90 - 90 88 - 88 88 - 90 90 - 9-t¾ 96 - 96.½ 96 - 98.½ 95 - 97¼ - • •• • 9'¾- 96¼= 98~ 100 -102.½ 103¾-H,8¼ 99¼{- 99½ IOUJ,(-101¼ Ul9 -1 11 111 -111 99 - 99¼ 100 -101¼ 102}.'-1043,( 104,½-10~ lOti,¼-107.>9 107 -108 91 - 91,½ 92¼- 9"!¼ 80 - 83 84 - 85¼ 83 - 88¼ 90 - 90.J,( 77¼- 77½ 80 - 81 70 - 71 71 - 75 71 - 72 75 - 75 75 - 80 81¾- 83 71 - 74 75¼- 76¼ 105}i 107½ 108 -108;\i 102¼-11'2¼ 103 -104 91 - 94 1/JO -100 ...• - .... , ..• - ...• 94 - 94 94 - 94 97¼- BS~ 99.¼(-100 • •• 25 - 3J¼ = 98 .. cent. 9~·· -9~¼- 95·· 95° 93¼- 94½ 9i° - 92~ 94¼- !iii"" 95 '94· - 94¼ 95° - 96¼ 96° 97'" i-1,i;do 6s, '87.... 88 - 90 90J.(- 94 94.¼(- 95 93 - 93.½ 93;.(- 94 9-i,¾- 96 9'l¾- 92¾ 92¼- 93.½ 93 - 95 95 - 98 !l~¼-100 97 -100 do f:s, R. IL 85 - 88 90 - 93 91 - 93¼ 90 - 91 .'f 86 - 88 88 - 89 89 - 90 !JO - 91 91;,(- 92 92½- 94¼' 95 - !15 97 - 97 do 6s, sub ... 8.5 - 88 88 - 93 91¼- 93½ 90 - 92 86 - 88 88 - 88 89 - 89 88 - 91 91 It- 92 92¼- !J4¼' . •. - . .. 94 - 97 do 7s, '76 . . 100 -102 100 -101 101 -102¼ 100 -100 101l -1013' 101¼-101¾ 101_¼-1023,( lu0 -100½ 100_¼'-100_¼ 102,¼-102 102,lt-lO'J,¾ 100 -102,l.{ do 7t1.con.'76 102 -i.OJ 101 -101 .••• - •.•• 100 - 100 101 -101X 100 -100 101_¼-101¾ •••• - •••.••• - ........ - •••. . .•• •.. • .• - ... . do 7s, '65-'76.. ..• ••..•• - •..•••.• - ........ - .... 100 -101¼' 101 -101 10 1¼-101¼ ...• - •....•.. - .... . •• - . . . . . . . - ......• - .. . do & Had. 1st COll ••• - .... 104¼-107 105 -106¼ 105 -105¾ 105¾-107 106 -108¼ 104_¼-105 104½ 104.¼ 105¼-108¼ 109 ~-110¾ 110¾-112~ 112 -115¼ clo do reg..... - •.•. 104 -106 105 -106¼ 105 -1053' 105)9-106¾ 108 -108 104,½'-10-1¼ 104,½-104,¼ 105 1 a-108 10!1¼-109;¼ 110 -111½ lll,½-115 N. Y . & N. JI 6s, 1st. 98 -100 lOiJ -101 101 -101 98 - 98 9'J -100 100 -101 100,½-101 101,¼-101½ 102 -102¼ 99)~-100¼ lU0¼-100¼ 100 -JOI){ Norrh Mo 1st m .•••. 80 - 84 85.J,(- 87¼ 85 - 85¼ ..•• - .... 8~¾- 85 84 - 84 81¼- 81¾ 81 - 82 82 - 82 80 - 81 80½- 84 86 - ~6¾ Ohio & Mist1. cons.s .f 86 - 91 92 - 93 93 - 93~ 92 - 92¾ 90¼- Ill 91¼- 9"2 Sil - 90¼ 92 - 93 90 - 91½ !l2 - 9~¾ !14¼- 97 !11¼- 9!1¼ do consal.. 86¼- 91 91 - 9"2¼ 90¼- 91¼ 91 - 91 86 - 89 90 - 91¼ 97>{- 88¾ 89 - 90¼ 90 - 90,¼ 913(- 92,½ !12¼- 94¼ 95Ji- 99 do 2dcons. 73 - 79 79¼- 81 80 - 81 73 - ?'3 65 - 73 70 - 74 73 - 74 74 - 77 7-t - 77¼' 74 - ~5}4 75 - 79¼ 7~ - 80 Pnc. R.7s,guar. by Mo. 95 - 97 96,¼- 98 93 - 98¼ 98 - 98 99 -100 100 -100 97,½- 98 97,½-100 100 -100 100 -100½ 100¼-H,U¼ 99 -101¼ Pac. R. of Mo, 1st M. 78 - 82 79 - '/1, 783'- 79 78 - 78 78 - 19¼ 79 - 79½ 80 - 81 76 - 78½ 78 - 80 79J,- 80 SO¼ 86 90 - 91 do 1st Carond't Br•...• - .... , ... - ••••.... - ••....•• - ....•.• - .....••. - ..• . 60 - 60 60 - 78 70 - 70 . . .. • . ... . 70 -· 72 -do 2d m . . . . . . . . 70 - 70 12 - • • . . 70 - 7i¼• 71 - 71¼ 69 - ~ 72 - 72 67 - 72 •••• - • • • . 6'i - 67 66 - 69 80 - 82 78 69 Pek!n Lin. & Dec. 1st ..... . •••. 78 - 78 .••• - ••.. j •••• - ... 7Z - 72¾ 72H- 72¼ 1'l¼- 7~ - .......• Pc111nsula 1st Ill- ~onv .•.• - ........ - ••••.••• - •.•. , .... - , • • • • • - • . • . 60 - 60 86 - 8.) , . • . • . . . ., • . .. •. . •. • ••• Pitts., Ft. W &C. 1st ll•:3,¼-104 lQ:3½ -105½ '105 -lOti.½' 100 -107 105,½-105½ lOG -106 \1 101 -10:3,½' 104 -104½ 104).i-107¼ 107½'-109 109 -111¾' 110 -110¼ do 2d m. ff/ - 98 9Y,¼-1UO¼ 101 -101¼ 101 -101¼ 100,¼-102¼ 101 -102.½ 99 -11,0 100 -102 102 -102 103 -104¾ 104 -10~ 7• 102 -105 do 3d m. 9:) - 94¼ 95 - 97 94 - 91;,( ro,½- 94 94 - 94¾ 94 - 95¼ 95 - 97¼ 96 - 96 !l2¼- »5 92¼- 93 95 95 98 • 99 do 8s, equip. 101 -101 102 -102 .•.• - •....... - . . . . • . - . . . . . .•• - • . . . . .•. - ... .•..• - . •. . ... - . . . . . . . . - . . . . ... - . . . .... - ••. juincy & Toi. 1st, '9.J 85.J,(- 87 88 - 89 88 - SW 89 - 89 80 - 82½ 80 - 83¼ 80 - 80 75 - 75 67 - 67 70 - 70 65 - 65 72 - 72 N. / 0 0 0 0 st¥.~rt~~i~1~s : "95": ~~ "i}i" =95~ ·ro~= ooi ·oo· =oo·· ·oo· - oo·· do m .. 76¼ - 85 83¾- 84¼' 83 - ~3 70 - 70 ~ St. L. Jae. & Chic.1st .... - .... 9:l¼- 94,½ 95¼- 96¼ 90 - 90 Smitht'n & pt_ Jet.1st ...• - •• •. 'South Side (L. I.) 1st ..•.• - .. . . 96 - go 7i - 'rl . ... - . . . . 0 0 ~a" - gj"' ·ag· - 94' -~¾= 87¾ 82¼= 85 60 - 64 4/S - 59 57 - 59 ·9i¼- 9.3·· ·gs - Iii"" 9'¼- 96 96 - 96¼ 95 - 96¼ 0 .. .. • 80 - 80 85 - 87 61 - 64 9'2¼- 95 0 °85¼- 90 .. ~s:= ~3' 61¾- 7J !l6 - 97 .•· •.·. : ..• • •1, _· . .• • : .. · · 78 78 70¾97 ···· 80 - 72 97 ··•• 80 tF. ~~-1) ·ro· =si·· .85. =88¼ 75°: so·· ·so·= so·· 76° - 78,½' 76 - 'i9 'l"JJ\f- 81 °82¼- 823' 75" - 60 ·s•)· - so·· 80¾- si·· ·so¼= 80¾ 81 - 82½ .•.• - .. . . 78 - 79 74 - 74 70 - 7'.2¼ 70 - 72¼ 71 - 72 7'l - 7'J 71¼- 74,½ 70 - 71 69 - 71 fgr2ddi~: ~½'= ~¼ 63° =67° '59" =59"" ·i;r - 59 "5i =50"" .... : ....... 40 - ~o· · 40" - 40 0 'Tol.1~&W., do 1st, w. D. 68 - 80 i~do 0 0 •••• consol. 7s 50 "Tol. & Wab. 1st ext .. '¥1 do 1st m.St.L.div. 86 do 2d 1:1.. . . • ••• 86)(do eqmpment.... 'l'2 d o cons. conv.. •. 75 Union Pacific lstm ... 81]('do L . G. 7s... 76 do Income 10s. 73¼do $ink. Fund .•... Western Pacific .•.••• 85.Ji- 60 00 98 ~ 89¼ 86¼91 QO 7~ 81 ...• 853,( 85 81~ 81¼80 e1J,t<,..... , . . 87),( 87~- fT/ •••• - •••• •• •• 95.,- 93 - 95¼' 87¼ 86 - 86 90 89 - 89 • 93" - 80 SB 65 . •.. 72,li'- 76~ 70 86¾ 85 - 86 ~ 8'2 81¼- 84.Jt 78 83¼ 75¼- 89¼ 8'¾.....•.• - •..• 71 87¾ 87 - 87~ 87 - •• • 94¼ 83¼ 88½ 71 72 86¼ 81¼' 86.Ya 71 87,<; • • • • . ••• 82 - 83¼ 81 IJA.NUA.RY.,FEBRuAnf-1 MARcH. / APnu... - 81 ·oo· - 66° ..•. 87~ 80 8.'5¼ 71½ 84¼75~753'70 81 - e2 86!,(77 78 60 85 - ~-- -~~- . ~f~t;1;!12s\~p:·1s"t::I.~~:' = ~~-- .~:-= ~-- ~- =~~ -~~= ~~1-~~= do 2d m. r . • . . - • • • • • • . • - . • . . 73 - 75 . . . . - . . . • . . • . - . . . . . . . • so:-ms. ••• •••• •••• •• • ••• 45° - 50 I MA.r. I 78 - 79 6t - 64 ·s-i~- 843' 8'1'3' 80 79 - 81¾ 80 76 - 85¼ 63 63 - M 85¼ 97 · JUNE. 78.½- 79¼ 65 - .65. - 67° 83¼82~82 68 82 - 97 · - 98¼ : 84 Jmr. ·oo· 84¼- 84¼ 84 - 86~ 88 71 66;(82¼ 82¼- =: -~~~= ~~~ ~~~- : 50 - 50 I 0 w· · .... .... 50 86 - 86 86 - 90¾ 70 - 72 70 - 74 ➔, 75 71 - 73½ 68¼- 7:l.,½ 56 ... 56. - 59. 56° - 58 . . 88¼ 87¼- 88¾ 89;(- 91~, 88¼ 85 - 86 86¼- 88¼' HO½ 89 - 90 89 - 90¾ 75,½ 733(- 75 74¾- 76¼ 84 83 - 84¼ 84;(- 85.¾ 1 ~~ 65 - 65 ·93¼- S3X. 91 - 95 · !15 - 951.5 91 - 93¼ 85 - 65 76 - 80 77)(- 80 'rl - 1W 77 - 77 70 - 72 ~"= 40 - 40 82 - !12¼' 66 - 74~ 64,3'- 73¾ "47" =49". 9-.2l{- 94¼ 88¼- 8 !l,½' 90 - 95 77¼- SI 85 - 87 ;~¼ :~ ~3' 60 - 65 j AuGusT. ISBPTEMB'.:11 OcTon11:R. INoVEMB11:nlDECEMB11:a _ _ _ _ _ Low.High.lLow.High. Low.High,jLow.High. Low.High. Low.High. Low.High.[Low.High. Low.High. Low.High. Low.High. Low.High. Albany&Sn.sq., 1st . . l105 -107 [107 -107¾l!Oi,½-108¼{10'l¾-110 110 -110¼1111 -lll¾llO~ -10t!J4 109¼-llO½l!rn -111¼!110 -!11¼'l111.Ya-ll2¾\l13~- 11t. do 2d .. 102 -10:1 103 -104 106 -106 102¼-104½ 103.,½'-105 104¼'-104¼ 11,5 -105,¾ :105¼-107 107 -108¾ 105¼-107.½ lO'J -107Ji 105½-107 do 3d .. 9~ -100 lfl·1 -101 101 -102 .... - . . .. . . .. .. . . lOU½-1111 lOil -100 llOO -100 101¾-102,'lt ...• .... - . . ., lOL -101 .Alton & T. H,., 1st m.•103¼-104 104,¾'-10:J f104 -101 105 -105 105,3,(-107 104 -1Cl5¼ 104¼· 106¼'106¼-107 105¼-106¼ 106 -107 fft.i -107 106 -10G¼ do 2d prf. H2 - 94 90 - 91 . .•. - . . ~ 89 - 90 90,½- 91 89 - 91.¾ 90 - 92 89 - 89.¾ 8~ - 88 !!7 - 88¼ 85 - 86¼ 85 - 86 do inc ... 75 - 77 76 - 77 7ti - 77 77 - 80 7G½- 76½ 72 - 73 73 - 761/s 76 - 7o .... - . . . . 70 - 70 66 - 68 67 - 68 Am. D. & Imp. bonds 98¼- 99 100 -100,½ 100¼-102½ 102 -103¼ t()l)¼-100}4 100½-104 !J9 - 99¼ 99 - 99¼ ICO -100 100 -100¼ 9'.l,¼-100 100¼-lQ:3,.; ..A.tl. & Pac. I'd g't m . .... - .... . .. . - . . . . . ... - . . . . 40 - 44 . • . . . . 47 - 47 . .. . - . . . . 35 - 35 . • . • . . . ••• 20 - 20 97 - 97 96 - 98 !!7 - 97 fJ3¼(- !i5 96 - !J6 ... . - ....... - .... 9i - 94. .... . .. Bell'v'le&S.lll. lst8s 96 - 97 ·n. Hart. & E., 1st m. 22,½'- 23½ 22 - 23 22½- 2a·· 25 - 29¾ 25 - 27 2."> - 26 2t¼- 23¼ 24¼·· 24¾ 20 - 21"4· 2) - 21½ rn - 20 18¼· 20 do iua~ .. 26 - 25 30 - 30 30 - 30 ... 24½- 25 .... - . . •..•• - ... . ... - •... 18 - 19 18¼- ld¼ 18 ¼- 19¼ Bost. & N.Y'. Air-Lme .. .• - ........ - .... ... . - . ·• .... - . ., ..... - . . . . .. . - .... . ... - ........ - .. . . ... - .... 100 -101,½ 101 -101 101,½-102 Buffalo & Erie, new .. 101 -102 101 -101,¾ 102 -104}?i 100 -102 102 -102 102 -103 103 -103 103 -1fl3 \; 103 -103½ 100 -100 100 -100,½' I00¼'-102 l3uff.,N.Y.&E.,lstm ...• - .... 85 -:86 86 -90 90 -90 84 -84 80 -84 81 -86 84 -8$ 82 -83 87 -88 SO -f#.J do larise bds 86 - 86 - . . • • 87 - 87 87 - 87 . . . . - •. • • . . . . . S4 - 85 80 - 83 84 - 88 SU - 80 Bo.ff. & State Lme, 7s 100 -101 101 -101 102 -102 102 -102¼ 102 -104 :02· -loa·. i. o· -101 101 -101 101 -101 101 - :01 !01 -107¼ 102 -104 Bllr.,C. R.~M. lst7sg 45 - 4'.i 4,5 - 45 °46¼- 46¼ 30 - 42 25 - 30 31l - 30,¾ 30 - 31 3~ - 35 35 - 4'J 3•1 - 38 36 - 40 34 - 31i¼ Ced. Fall!! & M., 1st m 80 - 82,½' 82½- 8:3 82¼- 82½ 83 - 83,½' 83 - 83½ 84),(- 84¼ SO - 80.¼ 80 - S'l¼ . ..• - . . . . 80 - 80 Sil%- 81 80¼- 84 Cent. ofN.J.. lstnew 108 -110¼ 108 -109 109¼;-110½ lJO_lf- 115 111 -11:_¾ 111 -112 112¼-112¼ 109¼'-109¼ llll¼ -111 ·'• ll0¼-112 lll. -112¾ 113¾-115 do 1st cons. 102¼-10:i ½ 104 -10(¼ 104,½'-lU5.¼ 104,3,(-106¾ 1053:(-106 105!{-106¾ 104_¾- 105 107 -107 . 106.)(-108¼ l li7 -107¾ 107 -107¼ 107¼-111¾ do . convert 105 -106¼' 106!,g-107¼ 107¼,'-108½ 109 - 11374 108¼-llO 106,½-108 109 -110¾ 109 -110¼; 109¼-llO¼ 10, ¼-110½ 104¾-106 !U5 -106 -clent. Pacific, gold .. . ·93¼- !!6½ 96 - 97 96¼- 98% 98 ¾'-102.¼ 102¼-103}.{ 1033,(-106½ 100 -102.¼ l ul,¼-103 102 -102 10.1¼-107,¼: 102½-106J,4 106¼-108 do S, Joaq. Br 83¼- 85,% M¼- 86¼ 85 - 88½ 84¼- 93 92 - 92¼' 92¼- 93¾ 92 - 92,¼ 91 - 91!.( 90¼- 92¼ 88¼'- !lU¾ f;7 - 8!:J '-1,; 90 - 91 do Cal.&O. 1st SH(- 84 84 - 84¼ 84 - B6¼ ~6¾- 94¼ 92¼- 91¼ 93¾- !14¾ 91 - 91¼ 89 - 89½ 88 - 90¼ 91)(- 91½ 89¾- 89 ¾ 90 - 93 do State Aid .. 103¼-104 103 -103 104 -105!,,f 105 -109 ...• - .... 10!!¾-lW½ .... - .:. 107 -1()7J.L .... - . . . 100 -106 106 -11.! 112 -112 dG . Land Gxant .•. - ... , , ... - .. . . .. . ... .. . . . . .• - . . • . . .• - ..• . .... - . . . . 95¼- 97 9:~ - 94 92.¼.(- 93 92 - 92 90 - 9t .',( 41 - 43 Ches. &·O,, 1st m., 6s. 36 - 45 40½- 42 42 - 45 40 - 40 35 - 40 35 - 40 89 - 39 30 - 35 26 - 37½ 28 - 3 ; ½ 25 31¼ . do ex. conp. 3-1 - 36 37 - 37 36 - :!6 36 - ,36 . ... - .. • . 33 - 33 30 - 33½ 30 - 30 30 - 30 27 - 27 23 - 24 20 - ~ Chic. & Alton, s. t. .. .... - .... 100 -101 100 -101 ..• . • .. . . . . . . . . , .. - .... 1UO -100 100 - 100 . . . . •. •. . . . . ...• . ..... . do lstm., 105 -106 107 -108 106 -108 113 -118 112 -113.,½' 112 !{-113 108 -110 110 -1101' ll0¾-111,½ 110¼-112 111 -115½ 114¼-115 do income 100¼-100¼ lOll.,½'-103 103 -104 100¾-103 102 -103 101 -102)( 102 -103 102 -103;,4 105 -105½ 100 -101¼ 105¼-105¼ 107 -107 Chic,,B.&Q,, lstm.Ss 109,½'-112 112 -lU 112 -112½ 113)('-113.,½' 114 -116 ll!)¾-117 11'2 -113.¾ 114 -116 115 -115 115 -116 115 -115}{ 117_¼-118 . do _cons m.7s 101¾-l:12~ 102,½-102¾ 10:3¼- 104½ 104¾-lO-'i¼ 105¾-107 l li7¼-107¼ 10:3¼elOI¾ lOt -105¼ 10-1 -104 106~-hl7¼ 107 -108¼ 109,½-110 Ch)C- & Mil., 1st m ... 9l;g- 93¼ 93,¼- 95 94 - fl5 94 - 95¾ !l6¼- 98¼ 96,½-100 97 - 97,'9 97 - 97¾ 98 - 98 97 - 98¾ 9:3 - fl<J¼ 100 -102 Chic. &N.W.l s. f ... . 103 -104 . ](10 -llll,½ 100 -103 103 -105½ 104 -106 10-i -104 10! -!04½ !021'-10'1 106 -1.17¾ 107 -1 U8½ 10'1 -105 104,.½'-luri½ do mt. bds, 100 -100 99 -JOO 97 - 97 li:O -102 99½-100 9!) -Jf•O !l9 -100 100 -1 12 10:i -105, lC0¼-102¼ 99 - 99 100 -101¾ do consol. . 90 - 91.,½' 89 - !JO ~8¾- 90.J,.( PO - 95 93¼- ~3¼ 94¾- 95.¾( 95J(- 97 96½- 98½ 9P - 9...:,½ !J5 - 97¼' 95 - 97½ 9:i ~ 99 do exteus'n .... - ..... . .. - · · · · 85 - 85 85 - !J5 90 - 90 90 - 90 90 - 90 90 - 90 • 9J - 90 90 - 90 90 ·· !lO 90 - 90¼ do 1st mort !>9,¾-!00 96½'- 98 ¼ 96 - 97¾ 98 - 99 98 -100 100.¾-101¾ 101!,(-103.½' ' 00 -101 99 -mo 99 -lGO 99 -100 JOO -101½ do gold,c':P 80¾- 82~ 80.½- Si½ 80¾- 83½ 84¼-· 86.¾ 85.¼- 86¼ 80¾- 82~ 81¼'- 85¼ 87'..1 - 88¾ Eir¾- 88 85Ys- 87¼ 88 - 89¼ 8!¼- 8'1½ gold,reg 82 - 82.¼( .... - . ... St¼- 821f 83 - 86 861,(- 86¼' 79 - 79 80 - 8~>}<: .... - .... 85.J,(- 87 84¾- 87¼ .... - .. . . ~2 - 84¼ . do Ch·c.,R.I.&P.,lst7s 105 -106 H6¼-106M 107 -107.% 107¾-109 lO!J;.i'-109¼ 109½-111 10'¾ -108],( 108¼-108 ;.4 109¾-110,½' 108_½-1(18;,a 10!1 -110 110?,(-llH( - ~ ~ ' · • inc. lis,'95 - ~ - - -- - ' - - - - - - ~ - - ~~¾- !l9 98 - 99!>, !J9 _ · 99 !J9 - !l9.Jt https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis 1 RAILROAJJ BONJJS. 60 =:...::::::::============-:=== Prices of Railroad Bonds for IS7o-(Concluded). - .- _ JANUARY. F'JmmhB~ MAilO!r, ~~ . 1 A.PmL. I JULY. JUNE. MAT. I AUGU3T.18EPTRM'R I OOTOBER . rN"OVEJIIIlERrD.lllOEJI03ER Low .Hig~l~igh. Low.High. Low.High. Low.Hi gh . Low.High. Low.High. Low~igh. Low.High. Low.Hi~ Low..:..~.i~ - .. . . . - ....... .•• - .••. , •••• - .. .. Sj - ~ t.S}i-~}4 . .. . - •.• . . . • - • ••• 1 tu.,Lilr.0o1Ju.,Js-i;m. C. <J.C.& I .. 1st '8,8. f. ll4¾-106~ 105¼-106¼ 106¼-107 lOi. -109 .. 105 -to: 105 -lOti 1115½"-106 !O~½-lOex : 06 -10!l 108 -lOfl¼ 105 -106 .. :05 -106 9!'i¾- 95¼ 98 - 9~ - . . . . ... - . . ...... - . . . . ffl¼- 98 - ... . ...• . - .... .. . - .... conael. m. do 103 - 105 .. iM¼-105 .. ioi" -101¼ lO !J(-102 102 -102 102 -103 103 -104 1U3¾-: <» Cleve., P . & A8b., o ld. 10rx-1r-0 1✓• 100 -lflOM 101.!i{-102 10~ new 100 -101.!,( 101 -101.l,( JOI.J,{-103~ 100 -102 102!,i-!03~{ 103 -11J4 104 -lOJ¾' t04 -104J.! 104 -104 100 -101 101 -102!,( 101)'9-102 do Cleve. & P., cons .. a.f. lOt ¼-103 103>{-104 104_¾-lN}, 105 -107 104 -105 104.J,{-l°'J,( 1"4¼-104¼ !05¼-106 106,¾-108 106¼-10'7¼ 104 105¾ 106 - 106' 99 - 99 100 -100 ., 98 - 99¼ too - 100.!,( 101 -102 101¼-tO;½ H!2 -102¼ IO'l,¾-103 97 - 97 96 - 90.J,{ 9ti - 96 4thm. 94 - 91 do Cleve. & Tol., s. f .. 1(12 -103 103 -104 104 -106 105 - H,7½ 105 -1J7 107 -107¼ 103¼-105 105 105¼ 114 -105 106),-106¼ 106~-108 11<7 -107¾' newbd11 100 -101¼ 101,1,(-101),6 10~ -103 100 -102 1P2¼-103¾ 103!,i-103½ 103¼-103¾ 103¼-103¼ 10.':3 -lf13½ 100 -102 102 - 1021 l fl2 -1(13 do 40½- 46½ 48 - 51 ¼ 43 - 49" 39 - 49¼ 45 - 50¾ 47¾- 43¼ 40,1'- 4o 45¼- 49 C., C. & I. C., lat m .. 68 - 70½ 61 - 70!,(' 51 - Ml¼ 50¾- 52 15 - 16' 15 - 18 15 - 15 17,!,(- 20½ 15 - 18 I~ - 16 14 - 14 18 - 19 lZ - 25.½ l!i - 18 2d m.. 25 - 25 do Del. & H. C. lstm.,'9 1 104,?,f- 10!5 100¾-107_!,( 107¾ -107¾ 108 -109 109 - 109¼' 1G9,!.(- 109¾ 107 -107¼ 108 -108 io9· -1io·. lll¾-112 110 -111½ 1\0¾ 114~ •~4 103¼ -103¾ 105¾ - 106 107 -107 lOti¼-108),6 108.J,{-108¼ 109 -109¾ . ... - .•. . 107 -100 l tl9.¼-110 11 11¾-llO¼ 110 -110 110 -112;,r do do . . . - . ... .. .. - ........ - . . . . . . . - ... .. ... - ... 102 - 103 102¼-103½ 9!1 -101 1112 -1(12 101½-101¼ .. . . - • ',7 . . do do . - .... l07!,i-107¾ 110 -110 coup. 7s, '94 . . - .......• - .....•• - . . . 105 -107¾ 107 -107¼ 105_¼-106 l06¾-107 l07¼:-1f•8¼ 109_¾-110 do - . . . . . .. - . . . . ... - . . . 107 -107 108 -l<kl¼ 101JM-110¼ 106),(-106¾ 107 -107 107 107),g . - . .• . . .. - . . . . reg. -:-11, '9 ..•. - . . . . do Del.,L.&W.,2dm .. 107 -107_½109,¼'-'11 108 - 108½ 109 -111 110 -110 110_¼- lll Ill -111 111 -112 109 -110 111 -112),6113 -ll4 112 -114 78, conv. 1117¾-108½ 109 - 109¾" 1:0¾-111½ 1121,(-120 119 -122¾ 116 -121 118¼-118.½ .. . . - ... . J2l) -1~ 117 -119 119 -1 19 .11.. - .. do 99)1-lOt !01 -102 101¼-102½ 102 -103½ 100 -100.!,( 100 - 1!'0¾ 100,!,(-101.¾ 101 -101 ¾ 1 13(-lf.2' 98 - 98½ 99 - 99 Det .. Mon. & foledo. 101¾-IO~ -lli5 lntiJ,i- :07 97 -l03¼ .. . - •... 100 -102 ~01 -lf2½' ... - .. .. 104 \l8 - 100 100 -103 101 -101 l>ubuque&S.C1ty1stm 9i 3'- 99 100 -100 ... - ... . 100 -100 100 -11'0 . . .. - .... 11 4 -104 107 -1! 7 98 -100 100 -102 101 -101 101 - 101 2d division 115 - 96_¼' 96 - 99 do Erle, 1st, m . extended 1031 -10 , 105,!,(-105½ 105)(-1(163' 106_¼-100 100_¼-1\!6 100_¾-102½ 102 -103.½ 103 -104 104 -104¼ 104½-104½ 100)9-103½ 103 - 105 97½- 9-½ 98.Y.-100¼ 100¼-IO!.la( 101 -101¼ 98 -101 99½-101 98 -1<r2½ 95 - 98 2d m. 7a. '79. 101 -103 1()3 -lO!l.¼ 100 - .00½ 100 -11,2 do 95 - 95;, !l2 - 9:'.>.½ 94½- 95 95½- 96 96 - 98,!,( 98 - 99 99 - miy. 911 - }(12¾ 93 -102.½ 92¼- 96 2d m. 'ie, '83 . t r.o -101¼ 10 1½-103 do 90 - 9 ¼ !ll - !J6 95 - 07~ 92 - !15 95 - 98 9~ - 97 !l6 - !173:( 86 - !l8.½ 88¾- 93 4th m. 7s, '80 911¾- 9~¼ 98¼- 98¼ !l8 - 99 do 90 - ~4¼ 90 - !10 93 - 93X' ~ - 93)., 90 - 93 94½- 96 5th m. 78, '88 96¼- 91\~ ...• - . . . . . - . . .. !17X- 97.½ 86 - 98¾ 87 - 94 do Gal. & C'hic., exten . . 105 -108 104 -104¾ 10-t¼-105 105 -106 105¼-106M 106),-107 107 -107¼ 102 -103 tOc -105 103 -106 103 -105 105_½-106 m. Weit., li!t m, '·8. 77 - BO¾ 75 - 77 77 - 79 79 - 79 77½- 79 78 - 'lil¾ 78 - 81 81¾- 82½ '19 - 81 77 - so 75 - 77 78 -- 80 52 5" ¾- 51¼ 50 50 - 50 51 - 5.3 51 - !'i-1 50 - 5( 55 - 56 56 - 57 57 - 57 5·1}{- 56 52¼- 155 2d m.. '93. 52 - 59 do fi5 - 72,¼ 75½ · 75>, 70 - 7:1 61 - 01 61 - 61 62 . . 62 70 - 72¼ 70 - 70 . •. • - ........ ,Han. & C. Mo., latm. 00 - 65 29 -oO 30 -30 35 -35 ·a2· -s7 . .•. - ••• . ... - ... 25 -25 45 -45 llan.&Naples,lstm . .. .• - _. .•..••. - .... 47 -47½ 40 -45 . - ... 107 - 10"7 lOi -108 108 -108 ... • - ... , Han. & St. Jo., I. gr. 104 -1-04 105 -106 I 06 -106 1023(-107¼ 108 -108 106 -107 . .. - . . . . 81) - 84~ 82¼- 84¼ 76 - 'i8~ 75¾- 76)( 77M- 83¾ 79 - 80¾" 8~ - 66¾ 81 - 83 84½"- 88 do 88, conv. m. 81 - 89¾ 82¼"- 64¼ 8 1½- 82 Harlem, 1et7■• coup •. 109 -104¾ IO!l,½'-110.½ 109 -110½ 11 0½-114¼ 109 -109¼ 109¼-111 liO!,i-11 0¼ tll¾-112¼ 112¾-113¾, 113¼-1!3¼ ll0_¾-112.Y. 112¼-115¼ lat7s,reg ... 109 -109 10\IJ,-110¾ 109!,i-110¼ 110¼-112 109,¾-109¾ 109_¼-110 l tfl,½'-111 111 -112 112.!,(-113½ 112,½-112½ 109 -112 114 -115 do Hud.R.7e,2clm.e.f, '85 1063'-107 106J,S-tr7½ ... - •. . . 107 -110¼ 111 - 111 108 -111 108 -100~ 108 - 1~ 110 -110¼ 110 -11~¼ 112 -112,¾ 110 - 111¼ - ....... - ........ - . . . . . .• - · .. . - ... .. ... - .... . ... - ...• . ... - .. ...... - ..• . Jtl l. Central 7a, ' :5... . 101 -101¼ 101' -102 102 -103 30 -30 SO -30 35 -35 40 -40 "40• -40 - .. . 40 -40 r,o· -52_½ ll.&t3o.lowa,1Ptm . ... - ... 50 -50 2&· -28·· ·2a· -28¾ 26 -28¼ 26 - ~ 28 -28¼ 27 -28 27 -2¾ 25 -27 31 -84 .. 26 -85 35 -86 ind .. Bl. &W.,lstm. 45 -45 10 - 12 6 - 6 • 6 - 7~ 8 · - 12 Ii - 8 4¼- !l .•. - . . • . 5 - 7 .• •• - • • • 10 - 15 2d m 00 - 20 do 78 - 81 .• .. - . .. r 81 - 82¼ 79 - 82 80_¼- 81 80 - 80 - ... . ... . - ... 70 - i0 ..• - .•. . Iowa Mid., let m . Ss .•.. - . . . .84. - 85 . .•• - ..... . ... - ... . . .. - ... 108 -1U8 ll0_½-110½ 112 -112 - .. . 1118 -ll2 •Joliet & Chic .. letm.L1063!(-1C~ tut! -108 . WI! -101! IO'i -lOll 0 " .. . - . . 83¼- 83½ .. . . - . . . . lib - ~ti • • • • - · · · o, - 61 83½- !:6 85 - 86 • •• - • • • • 8'> - 86 • • • - . •• Kalam. & W.P.. lst m 8~ - ll:C: .... ,00 - 100 ti:l-62 .... 60-60 50-61 60-60 . .• - ... . 41-41 58-58 55-57 Laf.,Bl.&Miss, tstm .. - . ... 60-60 00 99 9 Lake Shore div ...•.. 100 -101 tOO -lOOM 101 -101,¼ 99¾-100,¾ l()(l½-101¼ 99 -100M 1003(-101 101 -101¾ 101 -102¼ 98¾- 19 .½ 10 ¾-103 ¾ ;03 -. ; l•¾u:2!>9-103 102!,i- 104 100 -102;.; 971'-102 1()2 -102x !01 - 108~ 101 -1 3 do cons. coup. 1st too -101½ 100 -100½ 101 -101 1 96 - 99!,< 100 -101 l'.Ol_¾-102¾ 100 -H•3~ 98!,i-HO IO I -102.)..• 00¼-lU2 do cone., reg., 1st ·oo -102 100 -1001,( !19¼-101 }( l!i l_½-102 112 -102 ;~~=1~~ · ... - · ·• 95 - 95 95 - 95 97 - 97 94}(- 94.!e( 96½- 1·7 ff/ - 97 ~'2 - 92¾ 93 - 95 do cons. coup., 2d 91 - Qt ~ 91¾- 92 9t~- H7 95¼- Ni½ 93 : 9J 91¾- 91¾ 92 - 92½ . .• - ••• . . ••• - ·••· 90 : 90 wn~.reg .. 2d .. 91 - 91 L L~ngDoc·k. . c.~~~-a--~_· 1oi° :101~ ioi° :1r·2 · ioa° :105,¾ ;oa· :104~: ·~s· :u;· 97¼-lOt° toi· :102,¾ 102· -1oa° · 103 :104 tOt -104¼ 105 -105 lOl -lCl!t 9 · • · - · · • \l8 - 9~ - . . . 1013'-lOlJ,( . • • - ... . 103 -103 98 -101 !14½- ~7¾ 96 - 96 94 - 94 Long I eland, let m . .. .•.• - .. . 91 - Il l -... - • • - · · · • - • · • · 9~ - a 88 - 88 80 - 80 . . - . . . . 89 - 90 90 - 92 90 - 92 87¾- 91,i. 90 - 91 Loui1. &-Mo., 1st guar 90 - 91 105 -1061 ,10.: Mar. & Ctn., lat m .. 106 -107 103 - W3 1(!3 -104 104 -1(16 106 -H6 10~ -106 :06 -106½ 104 -104¾ 1114¼-104.)(: 104 -105~ 00 ¼-1~6 1 0 '- 13¼-~i~ •l llich.C.,cons.7e, IH02101¼-1f2¾ 100 -:0.'3¼ 1(;2!,i-103½ !Oa!,i-106¼ 102 -103~ l02¼-103.½ t03 -1C4 102¼-103~ i02½-104 lu2X-19 ¾ l00 11 2.!i(-l •.¼-1 13 do 1st m. 8s, '82,s.f. 111 -112½ 113 -113 113 -115 l10 -112_', l 12 - 112 110 -111 111 -112 113 -116 116 -116 112 -1 , 3 -:oa· ¼-!b~¼ i: -~g :& ~lf ~i~,r ·gs· : ~6¾ I ~ }ri~~=~:¼ ~%~.i~~id\n:: : ig~¾:}?4 ~~l(:}8~¾ i02¼:102~ l02¾:I03¼ iooj.:101¼ 102¾:loa° . 1oai.(:1cia¾ i00¾:101 100¼:loii, Mfci. Micb. S. & N . I. e.f. 711 104¼-106 106 -106.!i{ 106¾-107 107,(-108¾ 106,!.(-106¼ 1fl5 -106 1()7 -108 108 - I• 8 107 -107¼ 108 -JOS :M.&St ..P.1et8s,P.D. 108>,-109 1013(-104¼ 105 -107¼ 108 -108~ 109~-110 110 -110 112 -112 107 -107 108 - 10 l09 -ll2 90 -91 90 -92 90 -90¼ 88 -92 90 -91¼ 92~,-93~ 90 -90 clo2dm. ,78-10,l:'.D. 93 -95¼ . . .. - .. .. 87 -90 90 - 90 87 - 8::! 87 - 87 80 - 86 ·c P4~- 86¼ 85¾- e5¼ 81 - 86 &l - 83 82 - 84 do 7s,gold. R. D ... 80 - 84 98 - 943' 9~ - 98¼ 93 - 94\i' !l~¾- 94¾ 89 - fl1 87 - 90 85 - 87 85 - 86 do l!!C-m., La C. D .. 88 - 88¼ 84),- 87 77 - 83 ...• - .. .. 82¼- 82.½ 711 - 81.½ 80 - 80 74 - 75 ½ 75¼- 80 do 1st m., l.& M.D . . .. - ... 75 - 77 .,.,• . . : . '7a - 76 .... - ... . . . . - .• .. 81 - 81 83 - 83¾ 83 - 83 · · ·· - •·· · ... - . . .. 1 0 do l!!t m., I. & _D ... 72 - 77 71 . . . - •. . . . ... - . • • . 83¼- 83¾ 77 - 77 · · · · - • · • · .. . 73¾- 74½ 73M- 74 77 - 77 do 1st m., H. & D. . 72 - 72 83 - S5 83 - 85 83 - 83 81.l,(- 81 ¼ 813(- 83)(' 83 - 84 .... - . . . . 80 - 8!5 do 1st m . . 0. & M. . i!O - 82 .••• 78 - 78¼ T7 - 7(1.1,S 76 - 78 do consol.eink'gfd. 7-1¾- 74¾ 75 - 7f, .. 71 - 72¾ 73 - 73¾ 74 - 74½ 74 - 74¾ 71l,(- 'iS 83 - 90 90 S8 88 ES 84¾ 80 . . . . . .. . 80 80 78 - bO 75 - 79 78 - 79 do 2d m . . . . . . . . . . . 76)11- 77 Morris&Essexlstm. 108 -109¼ 110 -113¾ Lll -112 112 -1 14 109¼-110,!,( l10¾-111½ 111!,i-112 ~ 113 -114 114¾-116¾ 114 -115¼ 2d m. 104¼- lOfi¾ 103 -105¾ 104 -104 105!,i-107¾ 106 -107 107 -109),( !08;,-109¼ 105¾..106 106_¾-107¾ 106¼-108 do ..• - •.• .. ... - ....... - .... .. . - . .. 103 -100 .• - . . . 99 - 99 100 - 1!0 98 - 98 ..x,t· do bonds 1900 ll9 -100 98 - 98¾ 99 - 99 100 -100 100 -100¼ 101 -10~¼ 100 -100 100 -100.½ 100 -100 97 - 9S "::' do construction 98 -100 7s of 1871 101 -102¾ 104 -104¼ 105 -1C6 103 -106 .. . . - . .. lO'iJ,-l fl6_¼ 1C6¼-106~ . . . . - .... 108 -108 105 -105 do . •. - •.•...•• - .... 104 -104¼ :02 -102¼ 103 -103¼ 104 -104¾ 104¼-105¾ 104_¼:1(;5,¾ do 1l!t con. g'd ...• _ ....... • _ . ···· · 83 -83 .... - ...... . . - ........ - ........ - .. . ... . - .. .. •··· - • · ·· .... - •· · · Naahv.&Dec.tstm. 7s 85 -86 28 - 2~ .... - . .. . 29 - 28 28 - 28¾' 28 - 28 28 - 32 ::!O - 33 - 30 30 ... - . . . . N. J. South'n lstm. 7s 30 - 30 Q9_¼-102'l 100 -101 100¼-102 101 -1 03 102¾-HH M 103!,i-104 102,!.(-103 N. Y. Cent. 6s, '83 ..•. 98¼- 99¾ 98¼- 99¾ 99~-101 68, '87 . .. 97¾- 99½ 9\1.J,(- 99_¼ 99 - 99 \ 99Y,-lll2~ 100 -102¾ 100,1(-102,!,( 101 -102 101¾ -102¼ 100 -103 101¾-102 do !l5 - 97~ 97¾- 99¼ 100 -100 !.! 100 -100 1,10 -100 100 -102 96 - 99 95 - !l6 95 - 95 6a, r'l est. 94)!1"- 95 do 96 - !fl¼ 98 -lvO 100 -100¾198¼- 100 110 -100 100 -102 !l6 - 9fl 95 - 97 95 - 9!5 6s, 11ubs.. 95 - 95 do 711, '76 .... 102 -103.!,( 99~-100..li 100,X-101¾ 101 -101¼ 102,½-103.½ 100!,i-lOJ½ 103 -104¾ 100¾-100¼ 100¼-101¾ 100 -101½ do 6 1iiM:112¼ 1i2i(:l12¼ i ia" :::113½ mx:m½ iiii~=tif . iif :1isj.; iis· :11.·6.. ii5,¾~116_½ ~?g¼:~~ N.Y.~&H:~~1°:~·i rel!'.. ,,I) (if) 111l'-"-111 N. Y. & N. H. os ... 100 -101½ North Mo. 1st m . . . . 83¼- 83¾ Ohio & Miss. conu.f. 97¾- 99 consol.. 97 - 98 do 2d. cons. 81 . 82¼ do • do ~et,Sprmgf.D ..•• - . .. Pac.R.7e, guar.by' M.o. 99 -1(1{1_½ Pac. R. of Mo. 1st m. 91¾- !-J2X do 1st Carond't Br... .. - . . . . do. 2d ~-....... ... 79 - 79 Pekin, Lm. & Dec. 1st 60 - 60 P~ninsula lstm., conv 90 - 90 P1tt8.,Ft.W.&C.latm IOfi¼- 106¾ 2d m. 102 -102¼ do 3d ~· 100 -lOJ do . Q.umcy & Tol. lat, 90 50 - 60 Rome,W. &Og.con.lst 93-__ 113¼ St, L. & I. M. 1st m .. 93 - 96 2d m .. . 72¾- 72¾ do St. L., Jae:& Chic. 1st 96 - 99 :~~~~ifJ:1\csf~~~:: : ·::: .::: Tol.,P. & W., E.D . .. 80 - 80¾ :~ B~;tn: 10 : 10 ~~ · ~n~."7s ::::, : :::: Tol. & Wab. 1st ext .. 81~- 89 do lstm.St.L.div. 63 - 65 52 : 61 do c .na. conv .. . . 44¼Union Pac. ht m..... 90¼- 92~ I,. G. 7s ... . 90 - 92½ do do inc. past due 95 - 96 do flin~ngfund 80_¾-81 !( Western Pacific... .. . ~ - 86¾ West.U.Tel. . ... . . ... l llO - 100½ 1900 coup do i~ ~ttlpmerit:::: Winoni~st.P.'i~:: https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis « ;_,; !Hl _JJ• lH\U-111 · .1 rnu - · 1:{',,( tHU-11/\U 11<1 102 -103 8!5 - 85M" 97 - 98 ;,. 96 - 98 81 - Sl>i, . .•. _ . . . . 101 -101¾ 89¾- 8'l¼ 77 - 77 79_¼- 79 ¼ 60 - 60¼ 91¼- 95 lCS!,i- 109¾ 104~-104¼ 101¼-102¾ ... . - . . . . •..• - . . • 95 - 95½ 92.½'- 92¾ 85¼- B~¼ ti5 - 65 .... - ..•. 99 -100~ 100 -10-J ::::: :::: · ••· - ..• 60 - 65 .62¼::: f.2~ l01¼-102¾ 83 - 84 98¼- 99¾ 97¼- 99 BU.(- 82 . ... - . . . 100¾'-101,( 89~- 90 . .. • - . . . . .... - . .. . 00 . 153}j 90 - 95 107~-103 103 -103¾ 101!,i-101¼ 50 - 60 62 : 62 :::: 80½ 6-3 55 33· - 40¼ 93 - 93¾ 93¼- 94½ 100 -106 F8 { -89M 87 - 87¼ llJIJJ,i-101!4 ::::: 79,1'5 ¼50 : 55 : 55 ~f ·ro·: 6~ .. 100~-101¼ 90 - 91 95 - 9\l_½ 94 - 99 75 - 78¼ so - 86 102 -103¾ 94¼- 95¼ ...• - . . • . 80 - 80 ... - .... 96}{- !16¼ 111 -112 lOfi¼-107¼ 100 -100¼ .. .• - . . . .. . - .... 88 - ~2 5-'lJ,(- 53\.a! 101¼-101¼ 80 - 80 64 : 64 . 45 : 55 54 : 54 100 -100¼ 86 - 87¼ 98 - 99,¼ 96 - 99 78 - 78¼ ... - . .. . 100 -102 !l2 - 96 71 - 80 ¾ 78 - 8.3 ~, 60 - 60 9:': - 963, 109¼-110 104,¾ -106 !l9 -100 50 . 55 .. . . - . . . 137,!.(- 92 53 - 54 100 -102.½ . •. - ·20· - 20·· :::: - ::: · ·~· : ·i2· : f2·· 81 : 80 - 81 55 - 63 61 - 63½ 60 - 5·i ri1 57½" 54 52 : 62 -~~. '35· - &'!½ 3"1¼'- 42~ ·40· - 42· · 95¾- !16¼ 97 -lOi ¼ 1UO}{-l01¼ 96,!.(- !18¼ 97¾- 9h 97 -100 JOO -100 . . • SnY.-90?11 91¼-94... !ii¾-92¼ 91¼'- 97,¾ !l7 - 97 87¾- 90 101¼-1· 2,¼' W2)t-104 100¼- 100½ sf. = = - 1J !'il;(. 1i:~ I00¼-101¾ 91 - 91J,( 97 - 99 95 - 97 74 - 75 SO - 84 103 -103½ 94~- 94¼ 72 - 72 80 - 80¾ . ... - . . . . 96½- 96¾ 112.)(- 113 107 -107¼ 101 -101 50 - CO 91 - 91 88 - 8'.I 42 - 50 .. •• - .... 79 - 80 .6i° : 6~ ... 62° : 7f .~. : 5~~ -11!\~ 11!1 -1141£, 11!'i 101¼-101¼ 88 - 90 95~- 98 94¼- 96 74¼- 76 . .. - . . . . 100¼-100¾ 95 - 95¼ ...• - . .. . 75.!i{- 79¼ . .. . - . . . 96¾- OOta 111 -112 105 -105 101 -101 51 - 52 90 - 92½ 91 - 92 45 - 50 101¼-102 76½- 76>i -~~.::: ~'.. .•.• - .... .. .. - ... -1 : /\ I01¾-l n2 10'J -102¾ 89 - 89½ 90 - 90 90 - 94 96 - 96 90 - 92 92 - 92 71 ~£ - 71¾ 70 - 70 78 - 78 . ..• - . . . . 100),-101¾ 101 -101¾ 91 - 9l.¾ 89 - 89¼ . ... ·• • . • . . ..• - ••.. .. . .. . - .....•. • - . . . . 95 - 98 97 - 9R 112 -112¾ 112}{-1 18¾ 105_¼-105½ 106!,i-107' ... • - . . • . 98 - 98 50 - 52 52 - 52 91¼- 9!½ 92.!i{- 93 !•O - 90¾ 89 - 90 53 - 54 45 - 45 101 -1(12 101 -101..½ .• •• ::: .•••. 9() ·70· - 72 75 - 75 4 - - •• •• •••• - • • • • : ~ 32 - 32 -~~. : ~• . t¼ 0 =ti~ .. tis " :120·· iiii' 1 14 -115 114 -116½ ••.• - .•.. · ·• · - ··· · 90 - 90¾ 89 - 89½ 89 - 98 !,o S!l - 90 87.½'- 92 87¼- BS 64¼- fi5¼ 6~X- 69_¾ ti9¼- C9¾ 2.> - 25 101,¾-102 1('2\(-102¼ 79,-~- 81¼ 74¼- 83 • ... - • • • • · · · · - · · · · 60¾- 60½ 62¼- 6!5 60 - 60 • • • • - . . 98 - 93¼ 95¼- 98 113!,i-114¼ 114 -115 107 -107 107 - 108,!.( 96!,i-100¼ 100 - 100 43 - 43 40 - 40 89¼- 89¼ 89¼- 90 90 - 91¼ 90½- !12¾ . .•. - . . . • • • • - • •·· 98 - 99¾ 98 - 99 =oo·· :::.::: :::: ~~ :}~¾ i0~f rn~!k :~· l 1O 112 . 92¾½-!i3 87 - 90,½ 93¼- 96¾ ~ : 79 _ 80¾ ¾ 84 ,.,1 - 87 8 - 80¼ 87 - 87 113' -115¼ 108 -!09¾ 100 -103 101 -101.½ rn~¾-10~½" 1 70-'-: ~ ¼ 15 - 24 !00.)(-102 102 -10::l¾ !19 -100 99 -100 102 -102.½ 71 - 74 ·gi° -93¼ 95¾-96¼ 0 97¼- 93 '¾ 9 1 - !l6 1003(-101 101_¼-102 .!~: =!~~ ·~~:: 8~~: :::: : : :::: :~:=~·· -~· : ~f :::: =:::: -~r =~·· ~ =~~- .~~. 20 - 27¼ 101)(-104¼ 98 - \:JS¼ ·oo~=97j' "gi¼:93¾ ·s7,¾-9i .. 95 - !16 92 - 93¼ !13 - 95 101_¼-10-2¾ 102½-102.¾ 103 -103 \\' 100.¼ tOOX ~- : s2 _ 20 - 26 11 ,J¼"-103½ 993(-101¾ ~· =tf ·~· =tf ~ij 80 : SI¼ Qu _ 82 9 1" 87 g1J.{- 8.'~¼ 9 ;'i - ! 115 -lfo 108.½'-110~ ,)( 3 -103 1IOO -l02 \ 30½- ~¾· gr,-u1 ,I.£. ··· - ··• 101¼-l02' 1111 -10-i¼, 100¼ :00 - 1 - 00¼ 1,r,o 02¾ - 11!2¼, 12i· =:26· l 16¾-116¾ · • - ••• 88 - 89 93¾- 95 93 - 94 68 - 69 15 - 2:i 102_¾-10~¼ 81 - 83¼ ···• - ··• G4 - 68 • • •. - · •. 98 -100 113 - 115¼ IUS.!i{-109 101 -m¼ • • .• - • • • . • .. - • •. 92¼- 95 55 - 56 99 -100¼" 54 : 63 70 - 78 - SO .. ·:::::: :::: 10 : ic,· .~~. : '.~ . .... - .... 27 - 28 -~ - ::: .. 26 - 27½ 101 ¾-102_¾ 99¾-101 ~:7'- ~"--= ~¾ ·7g 30 ::: 30 83 .. ·s2· : 82~ so· : sf· ·7g° - Sb°. ·si,¼: : 80¾ 'si/55 =- 8~~ ·sil° 53¼'- 57,¾ 56 - 58 '~ 58 - bS¾ 49 - 58 61 55 - b7 01 _ 53 55 : 55 !!5 - 36 · 25 : 3(). 102¼-105¼ 1( 0¼-103 97¾- 93¾ 99¾- \l9_¼ - i2 1 •-u 5 9 ~,.,,- 95 v ,-,,,,,- 92 !JO½"- ,,,. ~! : ~~ 80 - 81 57 - 61 .~~•27',(- 31 104¾-105¼ LOO -101 =~~~ 4l ::: 5g¼ · · ·· ··· 101,¾-103}, 97,14- 9:,¼ · ·· · 82-·(-8S¼ .92}9-95~ 96 - 96¾ 96¼-100 ·· · - • ·· 97.¾- 98 · 95 - ;g =~ ~g = ~ ~ 97 .. ~: 61 RAILROAD BONDS. 18'76. J.A.NU.A.RY. FEBRUARY BONDS. MARCH. l----1----- --- - APRIL. MAY. Jmm. AUGUST. JULY. SEPTEM'R. OCTOBER.· NOVEMBER DE0E]{B. ----1------1-----1-----1·----l·----l·----1---- - - - - Low.High. Low.High. Low .High. Low.~igh. Low.~igh. Low.High. Low.High. Low.High. Low.High. !:.ow.High. Low.High. Low.High. Albany & Susq., lRt . . 112¾-115½ 114¾-!15 114 -1!5½ 115½-116 112½-116 115 -116¼ 112½-113 113 -113 108 -112¾ 108 -109¼ 109¾-110 ll0¾-112J.( do 2d . 106"-107 107,½'- 108½ 109 -111 106¾-107¼ 106.J,(-106¾ 107,½-lf-8¼ 108 -108½ 107¼-108 101 -103 98 -101.J,( 100 -102¾ 101 -101 do 3d .. 100 -100 100 -101½ 100 - 102 100 -102 99¼-100 100 -101 101 -101 101 -10 1¾ 99 -101¾ 00 -100 . ... - ........ - . .. . do 1st con. guar. .... . . . . ..• . . . .... - ........ - ... . ll0 -110¾ 110¼-llO¼ 110 -110 . . . . . ... 100 -100 .... - ...• Alton L\!; T. H. , 1st m. 106¾-107¾ 105 -107 106 - 107 106 -107 100 -107 105 -110 106 -110 106 -108 107 -108 101 -108 107 - 107 !07½- 109 do 2d pref 86 - 92¼ 88¼- 90¼ 90½- 92 91 - 91¾ 92 - 92¾ 91¾- 93 91¾ - 94 90 - 90¾ 88 - 9·J 88 - 89 87 - 91 88¼- 89 do 2d me . . 67½- 71 73 - 73½ 73¼- 71 73 - 73 68¾- 69 70 - 70 74 - 74 70 - 70 69 - 71 70 - 70 67 - 67 Am. D. & Imp. bonds 100)-5-102 1(12¾-104 104 -1(;5¾ 99 -101Ji 99¼-100 99½-100¼ 96 - 96 90 - 93 58 - 66 77 - 81~ · 68. - 68.. 65 - 68 Atl. & Pac. l'd gr't m ..... - .•• . 20 - 20 . . • • - • . • • - . • • • •• - • •• . 15 - 15 .... - . . . .. .• 17¼- 17¾ 18 - 18 JO - 10 8 - 8 Bell'ville&S.Ill.lst8s ... - ...... . . - .... 92 - 92½ 91 - 91 ..•• - ........ . .. - .. .' 90 - 90 - - .i/-_ 1. -,,:. - - . -_ 1- . .. - • ·i~-- l. .¼ .. 80 - 80 16 ,.. 7 18" 8" 18 B. Hartf. & E., 1st m. 173'- 18½ 18¼- 20¼ 20¼- 24¼ 22½- 23 20 - 20 18¼- 20¼ 18 - 18½ 18¾- 19 8 14 - 15 do _gua.r.. 17¼- 18 19 - 21 23 - 26 24 - 26¼ 20 - 20 21 - 21.!,! 18¾- 21½ 18)(- 18¼ .••• - • . . ... - . .. . 15 - 17 14 - 14 B011t.&N.Y.A1r-Lme . ... - .... .. .. - .... 95 - 99¾ 99¾- 99¼ 99¾-100 . ... - . ... . ... - ........ - .... 99 - 9;) -;,;_· _- , •.. - •.:.· -_ ... . Buffalo & Erie, new .. 103 -105 104¼-1053,( 106 -108 105 -105 102 -103 103¼-104 104 -106 104 -105 105 -105½ lO l¼-105 1w 106 105 106 Bulf. N. Y.& E. lst/77 85 - 86 90 - 93 90 - 95 90 - 92 90 - 91¾ 87 - 90 90 - 91}(; 90 - 9l¾ 90 - 92 90 - '12 91¾- S3 90 - 90 d-> large ods 87 - 87 90 - 93 90 - 95 90 - 90 91 - 91 87 - 88 88 - 90 88 - 92 90 - 90 .... - . . .. 92 - 93 90 - 90 Buff. & State Line 7s. '.00 -101¾ i02¼-103 103 -105 03 -103 103 -103 ½' 104 -1051,(' 101 -10~ 102 -103 103 -104 103¼-105 105 -106¼ 105 -108 Bur.C.R.&M.,lat, 7e,g 37¾- 41,t 42l(- 50¾ 45 - 50 40¼- 45 36 - 4!¾ tO¾ -42 43 - 46 41 - 423( 37 - 40 37 - 88 35 - 37 39 - 40 Canada South. 1st m . 60½- 70 68 - 70 653(- 69¼ 60 - 6434 50 - 50 45 - 58 l50 - 52¼ l50 - 5i 52 - 63 52 - 58 54 - 56)( 54¼- 5S do with iut. ct! 60¾- 69 68 - 69¼ 68 - 69 .... - . . . . M - 60 . ... - . . . . t>l - 51 50¼- 50¼ .... - . . .. 51 - 57 54 - fl6¼ M - 55 Ced. Fal 1a & M., 1st m 81¼- 83 84 - 85 871/,- 89 85 - 86½ 85 - 85 86 - 90 86 - 88 88 - 90 90 - 90 86 - 86 87 - 88 87]<- 89 Ceut. of N. J., 1st new 114 -116 118 -1143( 113¾-1141/, 110"-113 110 -112¾ 110 -11!¼ 112 -114 1093(-112¼ t rsY,-111¾ l07¼-109 109 -110\( 107¼-110 do 1st consol 108J.(-109¾ 110¾-111¾ 111)(-1121( 108)(-108)( 103 -105 !04¼-105 99¼-101 98 -101~ 70 - 81¾ 87 - 88 83 - 86¼ 78 - 86 do convert .. 106¾-108¼ :07¼-110¼ 109 -110¼ 106 -108 100 -103 98 -102 90 - 97 87 - 97¾ 61 - 86 86 - 87½ 79¼- 84 78 - 82¼ Cent. Paciflc, gold . . .. 10<1~-105 105¾-108¼ 1073(-108¼ 1L'5¼-1073' 106¼-108¼ 108 -1103( 106~-108¾ 108¾-109¼ l;O -110¾ 109¼-109¼ 109~-110¼ 108 -1C9l( do S. Joaq. Br 93 - 93~ 983'- 'ill 'ill - 97¼ ..•• - •••. 91¼- 92 91 - 93 92 - 93,½ 93¼- 95 95¾- 96 91 - 9 1¼ 923( --93',( 91 - 92 do Val.& u.lst 91¾- 92¾ 91~- 94¾ 94¼- 95 .••• - •••. 91 - 93 · 92¼- 94¼ 913'- 91¼ 92 - 92 ~ - 95 93 - 93 94 - 94¼ 93 - ~ 1 1 l~:~eJ;fni "95·: 973( 98¾ ~3( :::. : :::. OS.. '93~= 93~ f15¼: 96° 97¼: 97¼ ::::: :::: 94': 94¼ '94': 94" wij Chee. & O. lstm., 6s . 30¼- 33 30¾- 36 82 - M¼ 82 - 8:i 25 - 81 27¼- 29,!.i 26 - 26),o' 27 - 28 23 - 27 21 - 211 80 - 81 ~ - 20~ do ex coup... 27 - 29 82 - 32 28 - 88 31 - 31 25 - 25 .. . - • .. . . . • - . . . . . . .. - . .. . 20 - 22 21 - ~4 .. .. - .. .. .. • - ...• c le & Alton•· t ... . .... - ........ - .... 100 -100 ...• - ... . 100 -100 100 -100 100 -100 100 -100 .••• - .... 100 -100 . . , . - .... ioo 1;.:.m) do ht m ... 111¼-112¼ 114 -115 115 -116¼ 116 -116¼ li6¼-1l8 119 -120 117 -118 118 -120 115 -118 116 -1 :6 116 -1 -17 117 -118~ do income. 104 -105 106¾-107 107 -107 103 -103 99 -lW 101 -103 103 -104 104 -105¼" 105 -105 102 -104 103 -104 102 -Hr2~ Chic. :t:,. & Q.,l11tm.8s 113 -113 11~ -114½ 114 -1115 118 -114¼ 115 -117 117¼-1:8¾ 114¼-115 114 -ll!S½ 1115 -116~ 116 -118 1115~-117~ 116 -llti¼ do cons. m. 7s 107¼-107¾ 108 -108¼ 109¼-!10 110¼-110~ 111 -111 112 -112¼ 109,1(-110 110½-lll 1103(-111 111¾-111¼ 111',J-111" t11¼-1 12 'i Chic: & Mil., 1st m ..• 983'- 98¼ 99¼-101 00 -102 100 -101 101¼-103 JOO -105.½ 101 !t-101¼ 104 -104¼ 104,\ (-105 105).-106 105¼-107 106 -107 Chic. & N.W., t1. f .. . 105 -108 1114.Jt-106 , •)5¼· 107 106¼-1071106¼-106~ 107 -107¾ 108 -109 105¼-106 71 106~-107½ 108 -109¼ !09 -109 108 -109 do int. bda . 100 -102 100 -1<»! .04 -106¼ 10:S -105¼ 101 -102 10~ -103 108 -108¼ 103 -105 l043'-104¼ 104 -104¼ 102,H'-108 104 -104 do · couaol... 1003(-102¼ 100¼-l03;i -02"·104~ 103¼-1U3¼ 10-i -102¼ 102 -103¾ 108 -104¼ 103¼-106¾ 1J4 -105,\( 104 -10-t~ 10a -1083( 1023'-104¼ 1o e:s:tena'n 901(- 95 95 - 95 95 - 95 95 - 95 95 - 95 95 - 95 95 - 96 96¼-100 95 - 95 95 -100 100 -106 100 -100 .a.. lat mort. 1033'-10'1 1023i-103r.. 103 -HM 1oa~-104 J04l(-torn 104~-Hl51' lCTi~ -Hl61' 1oa~,-1os~ 105.14-108_ . 100 -1063' 100. -106~ 10:,Ji-1061' ,1, v ,-. .:;, .. oo~- i/OY. i:W¼- :r,.:;•1· ill¼- 93~ 90~- 93~ 91¼- 93¼ 89. - 9::.l~ 94Ji- 95¼ 9i¼- 94¼ 9l¼- 95¾ 94¼- 115½ 94¾- 05:419 -J{- !J Ji do gold r~g. 85¼ - 89¼ 87 - 91.½ 9'l¾- 92,~ 91 - 91 92¼- 92½ b9 - 89 . . . . - .... N - 94 93 - 93¼ .... - .....••. - .... 90 - 9 1 Chic. R. I. &_P., :st 7s 108 -11 '9.% 109 -109¾ 109 -109¾ 110, -110 109½-110¾ 110¼-111¼ 1083'-109¼ 109 -1 10¾ 1083,(-110 109 -110¼ 1101.(-111¼ 111 -1 2!4 . do s.f. i oc. 6s,'!-l5 100 -101 98 ~ 99 97¾- 98¼ 98 - 98 98 - 99 991/,-101¾ IOlJt-102 99 - 99 99 -100½ ,013(-10~¼ lOZ¼-10 ~½ 101 -101 C1n. H. & D ay., lat 7s .... - ........ - ... 100 -100 .... - ........ - •••..••. - .... . ... - ........ - . ....... - ........ - ........ - ........ - ... ~~ 0 g;Jie.~j:~~:¥i : : ~ : : c. C. C.& I.,lst7sl 11. f. do conso . m. Clev. P. & Ash., old .. do new. Clev. & P. cons. a. f. do 4 th mort .. Clev. & Tol., s. f . . ... do now bds C. C. & I. C., let m... _2d m.. . do l06¾-109 96 - 96 !O ; ¼-102 103 -103].( 108 -108½ 100¼-10 1¼ 104 -106,.li 104 -liJ5 45 - 66¼ 13 - 15 9'7¼: ~J¼: oo· : ®:: ~ ~:: ::;: ~ ::: :::: ~ !09 -109 98 - 98 102 -104 1114 -104,½ 108½-109¾ 101¼-10:l.¼ 1!'6 - 106 105 -105¾ 52¼- 55~ 17 - 18 109¼-111¾ 100 -100 104 -105 104~-lt6¾ 1ll9¼-lll lOi ¾-103¾ 107 -1L7¾ 105¼-!(16 50 - 53¼ 15 - 17 -103 -111 -112.)c - .... - ... -100)<, Dub~&s1c?~~·l"•1;~ iM. :105" i04' :10-t' ' do 2;t divis'n 104 -104 104 -104 E. Tenn. V.& G.lst, 7a 87~- 88 88 - 89 Erie, let m., exten .• . 105}4-107 106¾-108¼ do letm., endorsed .... - . .. 101)(-101!,( do 2d m., 7s, '79 .•. 100 -104 103 -103 do 3d m., 7s, '83 . . .. 'ill -100 101~-1043( do 4th m., 7s, '80 ... 'ill¾- 99 100).i-:O tl( do 5th m., 7s, '88... 96 -100 100 -105 Gal. & Chic., exten . . 107 -108~[105 -105 Gal. H.& lieu. 71! ~.'i'l 79~- 79.1.( 8! - 82 Gt. W est. tst m., '88 .. 83 - 85~ 85¼- 88 do 2d m .• ~93. 53½- 58 57 - 63 Gr. Il"ap. & Ind.~ fet .. do 1st guar ...• - . . .... Hnn. & C. !Io., !st m. • 75 - 77¼ 81 - 82¼ Han. &Navies, l stm. 30 - 33 30 - 30 Han. & St. ,. o., I. gr .. . ... - .... 110 -1 10 do . 8s conv. m 81¼- 83 8 1¾- 84" Harlem,l et, 7~, coup. 115 -11~¼ 117 -1:8 71 do l et, 7~, reg. .. 115 -117 117)1(-118.~ Houiit.& Gt.N., lst,7s 61 - 61 .... - .... Bud. t1s,2t~/~~5 i12· :1i2¼ 1if :1i2¼ Ill.&So.Iowa,lstm . 50-50 Ind. Bl. & W., \st m . ·2a· - 27 .. 23¼- 36 do 2d m .. 10 - 10 It - 11¼ International, 1st, 7s . 61 - 61¼ 62 - 66Xi f.:::.:-- ........ - .... 0 ·or: 0 ::i :::: ~ :::: : : ~ :::: :~: ~ r : ~: ~ !~: ::;: ~ :;:: i ~ ~:: : : f1:: :::: =:10s·::: 107¼'-108 100 -100 l~ -105 104 -104½ 105 -106 !03~-104 107 -107 l02 -102 4(J - 45~ 10 - 10 108¼-109.¾ 108 -109½ .... - ........ - . .. . 104 -107 103 -103 104 -107 · 104 -105 107 -110 . .. - . . .. 104Jt-1!'5 102¼-104 107 -1<'8,1,i' 100.J,(-107 mi -103¼ 103 -103¾ 44 - 46 42 - 45 .... - ........ - .. .. 108¼-109¼ . .. - .... 108 -104 100 -106 108 -109¼ 104 -105 107¼-108¾ 103 -104.¾ 39 - 41 5 - 5 =1~8¾ -100 -107 -106 -109 -106 -110¾ -105¼ - 40 - 12 . ... - .. . 109¾-106 107 -107 108¼- 109 105 -106~ 108 -109¼ 105 ·-106 85,¼- 38 .... - ... :1~~!1( -109 100 -100 108 -108 108 -108 106 •108 106 -106 101¾-102 iii¼':tia'' iio' 103 -104 105 -105 .... - ........ - . ... .... - .... 108¼-108~ . ... - . • 106 -106 . . . - . .. 113 -115 100¼-1011/, 101.J,(-101¼ iio' :1ii" 1~¼:11~ ioo' :107" 10?° :1013i 106 -106 102~-104 103 -104 104 -104)( 108 -103 103 -103 103¾-1041/, 101 -10th 106 -106 .... - .. •. 95 - 98 98 - 99¼ 108 -103 .... - .. .. 94 - 97 98 - 99¾ 109!,i-111 106 -tr 6¼ !06 -103 107},i-108~ .... - .... 100 -102 102 -106 100 -100 ... . - ........ - ........ - .••.••• - •••. ioa}{=l04° 102 -103 101 -1011,i 97 - 97 ... - ...• 107 - :08 100 -100 . ... - ... . :1ioji 108¾··110 .... - .... 101 -101 . . . . . . . . .... - . •.. 108½·1081/, ... - . ... icis' -:-109 .. 109 -109¾ 106 -109 104 -106.% 102 -103 :03 -103,¼ ::·:: :::: ::.:: :::: ioo" =100" 1ri6' =101" ioa' :10.r · j04" :1r5" 104 -104 . ... - ..•. 106 -106 106 -107 103 -104 104 -105 88 - 90 90 - 90½ 92 - 92½' 92 - 92 90 - 92 93½- 95½ 109¼-111 110 -115.¾ 106¼-107½ 109 -110 110 -110½ 109¼-110 .. .. - ........ - . ....... - ...••.• - ........ _ ....... - .... 101½-' 021,! 101¾-1013,S 101½-,l.02¾ 100¼-108)o 1033(-103¼ 103 -103 1i ' Ol¼-103 101 -102 101¼-102½ l O~¼- l.03¾ 103,1,!-103¼ 103 -103¼ 102¼-103~ lOO'i(-100~ 98 -100 100 -101!,{ 100 -101¼ .... - .... 104 -105½ 103 -103,½" 10'3 -103 103 -l03 102¼-102 ½ 99 - 99 105 -1(15½ 100 -105 105 -106 1063(-108¼ 106 -106 105 -106½ 8 11/,- 81¾ . .. - .... . .. . - . . · 90 - 92 86 - 88~ 88 - 90 ·gi' - !ii' "gi' - 93" '93° - 93" M - t8 61 - 64 64 - 64 65 - 65 60 - 62 60 - 64 85 - 85 .... - .... 101 -101 . ... - . . .. . ... - . . . . .. .. - .... 105 -105 82¼- 83 80 - 84¾ 80 - 84¼ ..• . - . . ...... - . .• . 41J - 50 35 - 35 .. ... - ... . 35 -36 36 - 36¼ 36 -87 ..... - . .. . 110 -1 ~0 110 -tt0 110 • ..-tlt - .... · ··· - -·· · 76½- ~ 75 - 78 76¼- 77 77~- 80½ 80¼- 80¾. 79 - 80 118¼-120 ¼ 120 -120 116 -116¾ 115 -117 119 -120 1~0 -120¼ ll tl¼-120~ 120 -120 115¼-116 116.!,,(-118 118¼-119" 119½-l~ 66 - 67¼ .... - ........ - ....... - .... 69 - 69 1Yg :1~g !12° :1i2·· i12' :112" iog· :1iS¼ iii" :1ii¼ 110¼:111 60-60 67-67 50-50 50-70 65-65 65-65 35 - 35¼ . ... - ... 28 - 30 27 - 29 30 - 30 28 - 29 11 - 12 5 - 5 5 - 5 67 - 68 ... . 'i;f - 70 .. 70 - 70 70 - 70 1103(-110¼ 100 -100 103 -107 105 -109 108)(-109.l( 104]4-105¼ 108 -110}6 103 -106 37¾- 39 .... - . . .. !10 -110), . ... - ... 104 -100 104 -105 109 -111 105 -10514 108 -110¼ 102¼-105 89 .- 39 103'- 10~ iiis' :100" ir.r =106,½ i05¼-105¼ 105¼-106~ 93¾- 95 93 - 93"1 108 -109 109 -113 . ... - ........ - .... 100 -10) 102 -102 ¾' 97¼-100 98 -100.l( 98 - 99 98 - 98 99 -100½ 100 - ' 01 106 -106 105 -106 80 - 80 91 - 92 91 - 93 61 - 683' 62 - 65 'ii, - 90 .. 107 100 106 105 108 105 109 105 35 12 iw' lit -111 98 - 98 1015 -105 102 -103½ 109 -109 103¼-H,3¼ 107)(-107½ 102 -108 46 - 49¾ HS - 15 £~1:do1Pfi.t~~~-~~~.~ iia' :1ia" ii2?,o':118¾ iia3':li8M 110° :1ii" 1zg do •~4 1073,(-108,)g 107,¼-109 109½-110¾ 109 -109¾ 109 do do ',7 J00_¼-10~ 102 do coup. 7e, '94 . • - .... 111 do r r•g. 7s, '94 . 110 -112\i 112 Del. Lack. & W., 2d m .... - ........ do 7s, conv . .... - ........ Det."M&T.(p'dAug'7fi) 10~ -103,), 100 0 i&r :100" 106 -106 93 - 93 108 -108 .. - .... 102½-102,¼' 100¼-;00~ 98 - 98¾ 100 -101 106 -106¼ - 100 - 100 88 - 91½ 108 -110¾ . ... 1013'-'. 0I!.( 100 -112" 98 - 100 93 -102 106 ·, ;-106~ 95· - 98,½' iw' 651j( - =10i" 68½ 69 - 7Q¼ . .. · · • • • · · • · °" - 85 .... · • 36 - 37f 36 - 86 · ··· - ·· · ·· ·· · ... ··· · 75],w- 78 77 - 79 79¼- 82 119 -120¼ 1J8¼-111~¼ l16Jt-117¼ .••• - •••. 119)1('-119}4 ll6¼-117)d 78 ~: 73 109 -109 110¼-111 112 -112 68-70 65-65 80-85 20 - 20 20 - 23 22 - 24 5 - 5 5 - 5 ... . - ........ - .... 70 - 76 · ;,;, 85 - 85 35 -37 +8 - 75 ::::: :::. · ~~¾=\&;¼ · .. • - • .. • · ··• · ·-- 36 - 36 · - ..•• 80 - 83 ll,~-119 118 -lla ½ .:~.: :~.. ::::: :.~: 110 -11' .- . . • 24 - 24 • •• • 76¼- 76¼ i~ =:½ 71g~¼=- :,¼' .:::80 --:::: ::::: :::: 93': gs·· '9.i: 93" 1·., - ,·5··· iio' '94 : 94" 80 80 76° - 7if " .. . - . . .. . ... - . . . ... - .... 75 - 75 .... - . . .. -1io" 1 1 1 1 1 1 1 ii : ii ss· =05 .. ·ss·: ss .. ·sr -ss.. ~ : ~~-- ~~- =1: ~~~: t~:· ~::. : : . . A& =~ ~ =~ so - 8' low/Mid., 1s1~i:;J: 85¼- i2 J1•ffer11on, !i!tm . .... . . . - . ... . ... - .. 1 1 1 ~1f::U~&c~_\:..!s1t11f: :~ : ~¾ u Kan~~Pac.,~~:O!fi!t :::·: : : : : ·:::: :::: . :::: :::: do No. 16 Inc. 12¼- 12,lt . . .. - ........ - .... Lat Bl.&Mis11.,1stm. 64¼- 64¼ 65 - 68 61 - 75 Lake Shore div ....... 108 -104 104 -104),( 104¼-107 do cons. cp. l1<t 102 -108 104 -104¾ 106 -106¼ do c on e.reg.hit 102-'{-104¼ 104 -105 104¼-105~ do cons. cp. 2d. 96 - 96 97¼-100 9:, -100 do conn. re~. 2d '15 - ll6¼ 96¼- 99 99 - 99¾ Leh.&W.B.cona.gu. 953'- 96¼ 97,'f- 98 95~- 97 Long Dock .... . .... 101~-103¼ 103Ys-106 105¾-106 Lon~ bland 111t m .... 1~1 -101 101 -101 102 -104 1 :¼: : " ·a:~= 9i¼ do 2d m gold :Marietta & Cin:: latni i00¾-107 . iof -100 .. Marip.G.con.conv.7s .... - ....... - ... . 100,1(-101¼ t~& N~;ii~·,~!\f~~8 ioo' -tic>· ~f~~C~c~~:~7;~~~ ioi· do do ::::: :.: : . .. - ... - .... 102 -103 105 -106 104 -104¾ 99 -100 99 - 99 94¼- !15¼ 106,½S-107}-.{ 104 -104 .... _ ........ _ ........ _ .... . ... - .... . ... - . ....... - •••. 60 - 60 62¼- 62¼ .... - .... 10·!¾-103 102 -103¼ 103 -105 105 -106.½ 106½-107¾ 105¾-106 104¼-105 104 -105 1051/s-106¼ 95 - !i5 95 - 95 ... - .. . . . ... .. . .. - ....... - .... 92 - 95 88 - !l8 86,!,(- 87¼ 107 -108 104¼-105½ 105 -105 101,!,(-10134 . . . - •••• 101 -101 . ... _ ....... _ ... · 5 - 5 .. .. - ....... - ···· 104 -105 104 -11'5 !06 - :06lt;' 106 -107 106 -106 104~-106¼ 98 - 98 99 - 99½ • ... - .... · - •· 85 - 86 56 - 71 104>,-105 105,!,!-105,!,( 103),6:104 ::::: :::: ::::: :::: •··• - •· .... •· - · ··· · · ·• - ···· · · · · ,- ... · 102 -105 104}9-105 107 -107¼ 106 -106 1015 -100 104 -104¼ • • .. - . . .. 95 - \!6 98 - 99 - -.. · 68 - 70 60 - 68 :04 -104 104 - 106.½ 1~,14 103¼:103¼ 1 iI": g1x ft : ii~~ ·8;1¾- 89¼ 'ii -- 94° . ·oo· :- 93" .'g...j¾=- 92°. . ... ..92¼93¼ oi" - 92¼ . . - . .. . ... - .. . . :oo· ios· i00¼-1'1 6¼ -100 .. -105½ :::: - :::: 105¼-105¼ 106¼-108¼ 107 - 107 102.,lt.-102>{ . ... - ....... - . ... •·· - ... IOO -lOO¼ .. .. - " " J ' " · - . . . . ~¼: 92¾- 98 82 - 83 107 -107 I ·· -.... "1': T° .... - .. •• .... - .. •• 104 -104~ 106 -107 :03l(-101S 94 - 94 · · ;, - 6n 6..,¼'- .. ),( ,03 -11»¼ 87. : 87.. 91¼- 92\( 82H- 88~ 07 -108¼ :10.3i.( ioa' :103¼ ioa¼=lOOY, 102¼:ioo" 98¼=100¾ ioo¼:loii( iof :100¼ 1:¾:Ji¼ iOD¾:10:f "li00¾:10r· ioi¼:102~ !00¼-lc.·· lstm.8s,'82,e.f 118 -118)( 114 -114 _114 -114½ 110 -110 110 -111~ 110 -113 112¼-113¼ 112 -115¼ ll~.J."-116¼ 118 -114 112 -112 ,11 -118!( equipment .. . 95l( 95¾' . . • . . ... • - • • .. · · • - • · • • .... - • .. • .... - • • • • https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis ,, 62 RAILRO.A.D BONJJS. Prices of Railroad Bonds for 1§76-(Concluded.) BON'DS. J.A.ma.RY. FEBRUARY MA.RoR. I APmL. M.A.Y. ~N_x..:__] JULY. AuousT. S~PTE111'R .. OoT~~ER. ~ov~~ER ~~ Low.High .Low.High .Low.High .Low.High .L()w.High. Low.High. ,ILow.High. Low.High. Low.High. Low.High. Low.High. Low.High. ________ 1 Mich. So., 7s, 2d m . .. M!ch. S. &N.I. s.f. 7to hhl.. &St.P.J.st,Ss,P. . D do 2dm. ·, 3-lOs,P.D 10 ,!,(-102½ 106),(-108 115 -117 95 ,',- 99¼ 102¾'-103¼ 108 -108¼ 114 -1 15 96 - 96½ ' 03Ji-104;:i( 109 -109.¾ 115 -116 97 - 98 103 -104 109- -!09¼ 1l5¼-115¼ 97.¼- 97¼ 1~:":1~~ IOOX-102 ),{ 931/s- 94 .. .. - . . . ·97· - 97½' 88 -· 88,!,( . ..• - •... - i~ ~:Jgt~1J,1ii~:ri: ig : : ~{~i .:~. : :'.~ .:~. :::l~~ -· do 1st m., L. C.D .. do 1st m., I.& M.D. do 1st m., I. & D... do 1st m., H. & D. . do l stm., C.& lf . . do l~t cons. akg. fd dv 2d m. .. ..... . . . Mo.K.&T.cone. I.g.s.f do ex coup do 7s,as?ented Morris&Essexhtm do 2<l m. do bond, 1900 do co os1 ruc'n do 7s of '71 .. do 1st con. i'd Na11h. C.& St. L. lst,7s Nash. & Dec., ht, 7s N. J. South., 1st 'TI.,7s N. Y. Cent. 6s, '83 .... do Os, '87 . . <lo 6~,rcal est do 6s subs•.. do 7s, '76 . . N. Y. C. & H. 1st, cp. do 1stm.,reg Northern Mo., 1st m; Ohio & M.,cons. s.f .. do consol.. .. do 2d. COil!' Ol. do 1st Spr. div. Pac. of Mo., 1st m .•. do 2,i m ... . J;'enin1mla lstm. c.1 nv Pitts. Ft. & a.1st do 2d m. do_ _ad m. Q.ulncy & Toi. l ot, ' llU Renss. & Sar., 1st m . i do 1st m., reg 96 85.li80 80 90¼80.¾OJ - 99¾ 90¼ 83¼ 83¼ 93¼ 84 97 !00,½-lO l !,( 104 -106¼ !14 -114 97 - 98 ~~. =1~ .. 102 -102 ',! 94 - 95¼' 88½ - 8~¾ 88 - 8~ 95 - 96 88 - 89¾ . .•• - . . . . ..•• - ••. :01!,(-lffi 102 -103 103 -103 !06¾-107 107!,{-lO'l½ 108½-lll9¼ 114 -ll6½ 116½-118 115 -115½ 98¼-l C0.1( ,100 -102 96 - 98 ~~ =1~~ .. 11~. :1~ .. '.~. :101 102½-: 04¼ 101_¾-102 1{ 102 -102¼ 94¼- 97¼ 94 - !14¼ 91 - 9--l 88 - 93¼ ..•• - • • . . 91 - Hl t-8 - 93 .... - . . . . 91 - 91 96 -100¼ 97 - 97M 98 - P9~ 89¼- 93 90 - !Jl.¾ 90 ~ 91¼ 97¼- 97½ •.•• - . . . . .•. - • . • . ... - •.••.... - .••. - •... 103¾-103 ¾ 110 -1 lll½ 116 -116½ 95 - 95 102¼=103 10i_¾-l0•2;~ 92 - 93½ .•.. - . . . . - .. . 97 - 98 ½ 86½- &9½ 90 - 90 57 - 57 104 -104¾ 101,½-101¼ 10 1½-103 ·11 -lli 108 -108 108½-108'{ 116!,(-116¼' 116 -116 116,½-117½ 96 - 98½ 97 - 98 ½ 96 - 9!!.!,( . ... ._ ... 101¾:::102½ 101 =103}4; 101¾-103 .. 10i¾-lna· 1oi -104¼ 94 - !J6 90 - fiO HO - 95 88½- 88¼ 85 - 65 87 - 88 87½- 88~ 85 - 85 87 - 88 : 7½- 99 97½- 98 100 -101 87 - 89¼ 85.J,i- 86½ 87 - 89 90 - Ill 9v - 91 90 - 91,U ..•. - .......• - . . . . ... . - ...• 98}HOI ¼'. 102 -102;; 91¼- 94M 92½- 94¼ 84 - 8()!,( 88 - 89M 84 - 88 83 - 8~ \!3¼- 98 ~ 97 - !18½ 84 - 89 88 - S!l 95 - 97½ 97 - 97 49¼- 59¼ 50¾- 61 . . • . - • . . . . . . • - • • . . . . . - . . . . 00 · - 00 · · .. . . - . . . . ... - . . . . . . . . - . . . . - .• ... - ....... . - ....... - .. .. - . ...... - ... M·-57 59 -59. ·58¾-5;½·5s°-58½ 57 -57 115¼-116 116 -117 116½-1 ' 8 117 -!i!/ . ii-1· -1ir· i1,i°-ll'i½117 -118.V. 118½-122 112¼-118 116 -11'7>-;115 -116 117 -118 U0¼-112,½ 108,14-108½ 108 -110 110 -110 110 -111 ll O -110½ 110 -111 ¼ 107)9-10 7¼ 1u0½-109 105½-100½ 106 -100½ 105¾-107¼ 100¼-lOl 102 -102 :04!'5-lOH, ..•• - ......•• - •••..... - .... 100 -100 .. . - . . ... .. . . 90 - 92 103 -104 !00 -1f12 102¼-102½ .. . . . . . . .. .. - .. .. 100½-100½ 10-i -1!l3 95 - 95 ...• - . . . . 92½- 92½ 92?'1- 9'l½ 92 - 94 . 107 -108 !08¼-!09!,(' 109 -110~ 105 -106¼ i05 -106 104¼-105¼ 105 -105 104½-104½ gq -103½ 9•,Ye-101 lO J¼-101¾ 102 -112¼ 105¾-10:¼ 107 -103 h8 -108.¼(!107 -103,"J 106 -107½ 103 -103¼ 104 -104 100 -100,l,! 98 -101 100 -101 100 -101 98 -lOJ .. . . .... - • . • . . .. - . . . . - .. . .. ... - . . . 83 - 83 87 - 87 .... - ........ - . . . ... .. - ..• 82½- 83 86 - 86,¼' 86¼- 89 ... - . . . . 86 - SG 85 - 90 85¾- Si.½ 91 - 91 88 - 89 87½- 8 ½ F8½- 89 88¼- 90½ ... . - . . . 20 - 2=l 2 1 - 22 23 - 25 . .. . - . . . . 2iJ - 20 20 - 20 20 - ~0 - . ... . 20 - 20 20 - 20 . ... - . .. 102 -103¼ i04 -104 •,.; 105 -105¼ 105¾-106 101½-103 101 -102¾ 103¾'.-105¾ 100 -106 103 -104 104. -104½ 102?<(-10 '¼ 102½- 103½ ·01 -103 103 -104½ lOt -·106,!i !05¼-105½ 104¼- 106 103 -104 11'4 -105¼ 106¼-106¼ 103 -106 1051(-106¼' 105 -105½ 10~ -106¼, 100 -101¼ 10l½-102 101 -103 -102 -103 100 -100 100 -1(10 100 -101 102 -102 100 -101 102½ - lO t½ 100 -100 1~ 10 ¼-103 :oo -100 101½-102 ' 02½-103 102½-11'3 100 -100 100 -100 100¼-101 101 -102 100 -101¼ l l,2½-103 100 -100¾ 100>,-101 103 -103 ½ 100 -101 101 -!01 ¼, 100 -101,- .... - .... 100 -100 . . . - .... . ... - .......• - . . . . . .. ... - ..... .. •. 119 -nl¾ 120.¾-12"2¼' 120 -123 120 -120 1l6 -119 119½-119¼ 120 -1-31 121 -121¼' l i8 -121.¾ 118 -119½ 118 -12-• ¾ 118 -120½ 115 -117¼ 115 -119 118 -1~0 120 -120 115¼-117 116 -118 116 -118 118 -119 1:7 -118¾ 116)4-1 :8¾ 118¾-120 115¼-l iSJi 853'- 86½ S7 - 88 91¼- 95 94¼- 96 94 - 06 !l6 - 98 . 95.¾- 98¼ 96!,(- 97¾ 96.¾- 97ra 97¼- 0 8¼ 96 - 97¾ !l6¾- 99 92¼- 99 98¼- 98¾ 98¾- 99 98½- 99,!i 98 - 98¼, 99 -!Oil,{ 96 - 9ti¾ 92¾- 92½ 9 :½- !l2 90 - 9l,½ 83 - 90 71 - 81 !ll½- 99 98 - 98 711 98 - 9:,1 98½- 98¼ 93 - 98½ 98 - 99¾ 94 - 96 91 - r2¼ 90 - 111 90 - 91¾ 81 - 02!,-4 78 - 79 7 l - 76 77¾- 79 77½- 79¼ 611 - 74¼ 69},(- 71½ 68¾- 71½ 62 - 69 63 - 65 65 - 66½ 55~- 58,½ 4J - t8¾ 45 - 46¼ 60 - 60 25 - 7J /\0 - 50 40 - 40 .... - . . . . 88½- 91½ 87¾- 88¾ 90 - 92 92,½ .903'92 - 94½ 9-H,{- 98 92½- 9-1 .92¼- 93¾ 93 - 91¼ ·9~¼'- 94¾ gf - 94¾ 70 -71 70 -71½ 73 -80 76 -76 77 -78 78 -84 82 -84.!,( 84¼-84¾: 83 -83~ 83 -84 \., 82 -82 l'3½-87 100½-102 lO'H(-102½ 100 -100½-100 ··-100 100¼-100.¼ lf O -100 100 -101.. 100 -103¾ 96.¾ -100 100 -1( 3 100 -103 100 -103 113 -115½ 115 -115½ 116 -118 117 -118 119 -119¼ 119 -120 117 -120 120 -122 bO -121 1119 -119 VO -121 .½ 12:l -120 106¾-107 107 -108 108 -109 109½-109¾ 110 -:10½ 110 -111 11J8 -109 109 -110 109 -111 110 -112 114 -114 114 -114 102 -102 102¼'.-103 103 -105¾ 10.2 -103 103 -101 104 -106 106 -106 lu!S -105 105 -105 101 -lll4 103 -lf9 110! -104 4ti - 411 4\J -_ 64 55 - bu 4d 5j - 50 55 - 60 5 j - 6LJ 55 - 55 55 _·55 55 - 60 60 - 60 65 - 66 .• . • - ... . 1:5¼'-115¼' 116 -1 18 ..•• - ..• . .••• - .• . . 114 -114 115 -1 .5 ..•• - .... 105 -110 .... - .. .. ·114 -114 ... . - .••• . . . .. .• •. - .... 116 -110 ..•• - .......• - ••...••• - . . . . . . • - .... 105 -11\J 116¼-117 l i3 -113 ...• - . ..• 1 :~::il~~g.~~n~s/ii½: 93¼: 93 : !if .... St. L. & I. M. 1st m.. 95¼- 97)4' 06 - 99 1UO -101¾ 99 -101 101 -102 10'.! -103¼ 10() -101 95 - 99 97½-100 100,½-101 101 102 do 2d m . .. 59 - 62 6·ll,(- 7 l 72 - 75 77 - 77 77 - '7 7¼ ... - . ... 70 - 70 ... - . .. 70 - 70 St. L. Jack. & C. 1st . 100 -101 10·! -103 lO·l -104 101 -102 101 -102 10-2 -lf\3½ 103 -103½ 104 -104½ 104 -104¾ io1hf-1~· . 10 ix-1oi .. 104 -HM¼ :i;fui~:eu~si~m·.: : ::: = :::· .:~. : :8 .. . ... : :::: 97},(- 97.lr( ::::: ::: : 100 :lOll .... 101 =101 99 = 99 .. ·:: = ·::. --:: = ·::: SouthPac.ofMo 60 -61¼ 66¾-ti9½ ti7 -70¼ 66 -fl7¾ . •.• - •.. 60 -64¼ 60¼-64 .. ·651,i-69,½ ·61· -67 .. 69½-70)1 70,¼'-70¼' 69 -70 0 16 90 st\~~~·A: !·2 : 94 ·,1 2· 99 ~ 85 85 :::: ·s5· 85 .. ::::: .::. ::::: ::: : ::::: :::: do sink. fund 58 - 58 57 - 75 ..•• - . • • . - . . . . . ..• - . . . . ... .• .• - . . . . ..• - . . . . . . . - . . . .. .. - . . . . . ... - ...• 'rhi·d Avenue coup.. - .. . .••. - .... .. . . - .... . ... - . . . 99 - 99.. ... . - ...• T ol.Can.So.&Det.lst ~5· - 55 .. 59· 54 - 55 . ... - .. . . 35 42¼- 43 33 - 33 35 - 35 38 37 - 37 . ... : ss ···· 88 T..)J. Peo.& War•• E.D. 78 - 82 SB(- 87 87 - 87 80 - 83 75 - Sil 80 - 81 SL - 85 86 - 88 80¼- 87 87. - 88 8~ - !lO do W.D. 74 - 74 73 - SIJ 81 - 83½ SJ - SJ 75 - 80 75 - 80,J.6 80½- 86¼ 86 - 87 80 - 85 83 - 85 84 - 84 84 - 87 do 2d m. 35 - 35 38 - 43 45 - 47 • . . .. - . .....• - •••. . •.• - .. a • • • • • •••• - • • • • 26 - 26 25 - 30x 25 - 32 do com. 7s 26 - 35 37 - 89 45 - 45½ . ... . . .. . - .. . . - .... - . . . . 30 - 3) · · - . . .. ~5 - 25 30½- 31 30 - 3t T ol. & Wab., 1st ext . 83 - 85½ 86 - Si½ !10 - 9.!½ 80 - 89 1' 88 - 90½ ·iiO ½- 9! 92 - 94¼ 95 - 951.j' 91 - 91¼ Ql½- 95 96 - !•9 99¼-!0l · d o ht m. St.L.div 60 - 61¾ 61 - 64 68¼- 73 60 - 67 64 - 65 67 - 69 67 - 67 66 - 67 60 - 62 62 - 68 70 - 7l 75 - 78 do 2d mort. . . . . . 5:J¾- 59 58 - 6-1 643('- 68¼ 60 '3 64 - 64½ 65 - 66¼ 63 - 65 60 - 60 62¾- 63 6~ - 63¼ l:8 - 69% 70 - 7l rlo equipment .. .. .. . .. ..... - .. . • .. - . . . . . .. - . . . I - 1 .. .. .... .. .. - . . . . 10 - 20 10 - 20 2 11 - 21 do CORI.". conv ... . 3~ - P.8 1.; 33'!.f- 44 ~ 38 - 50¼ /l4 - 40 35 - 36 35 37½ 36 - 26½ 34 - 35 31 - :'8 37¼- 47 50 - 51 47¼- 47¾ Union Pac fie 1st m .. 102¾-!03¼ 103¾- 10;'> ¾ 1t'4V.-105¾ 103%:-10.5}6 104%-1' 5 104¼-106 ,,. 103 -104 104¾-100¾ i06 -10 i¾ 106 -10'i_¾' 10' ½-106 105 -10° ¾ do . I'd gr ?l! . lOO¼-lO l h 10 1.),(-102½ 1023.i-108¾ !18,¼'.-100¼ 9'.I -100¾ 99¼-101 ½ lOi¼-104 104),(-105 104 -105 100 -100¾ 100¾- !01 99½-100¾ do sink. fd .• 94Ji- 95¾ 95¾- 97 91 - 92 ½ 90¾- 91.¼ 89½- 91½ 88¼- "1½ 92 - 94 94),f,-- 95¼ 91¾- 9'l¼ 91¼- 91 i., 9il¾- 91½ 9·•½- 92;\{ 1•8 - 9· %'. 9'.:l¼-10.?½ 98¼- 99 Wo~tern Pacific . ..... 96½- !l6½ 99 -If 2 ',( 100 -101 ¾ 96 - 99 991,(-101 1111 -102 101 )1-102,l,.! 102 -102½ 102 -103)( West.Un.'l'el.1900,cp. 97¼- 98½ 98¼- 98¼ 98 -100¾ lOl -102¾ 911,1{- 99¼ 0 1 - 9!1¼ 99,~-100,¼' 100~{-101¾ lOl¼-103 1.( 103¼-104 100¼-lOl .½ 101¾-102¾ do 1900, r eg. 97!,(- 98 98;,(- 98½ 98.¼-!00¾ Wt -10i ~ - 118½ 98¾- 99,¾ 90 -100 100,½-101 101,½-103½ lO t,½' -113 100 -100¼ 101)(-102~ Winona & St.P. l,:t m 75 - 8 1 7!1 - 85 85 - 86 1-'.> - 75 7~ - S'l . . . 85 - 85 . . . . . .. 75 - 75 ...• - . . . . 75 - 80 do 2d m . 60 - 60 . • • - . . . . 69 - 69 !l4 - 64 65 - !:i5 63 - 70 73 . - 73 73 - 73 70 - 73 'iO - 70 . . . • - . . . . . . . . - ·oo·: oi .. w. 1, 148 - 86 ·02·: of~ 97½ ::::: ·so· :sf· ·s;;- : s6 .. ·a5:..: ~s· sii·::: sa .. ·:::::: ···· ·:::: :::· ·70·: 1s.. =...... . : .... ~g;Sii ti~!\ 00 = .:?. : oo·· ~~~= ~~~ :::: =::: : =:::: ::::: :::. = = as· - ii¼ 00 - • • 1sn. JANUARY. FEBRUARY MARCH. APRIL. BONDS. MAY. JUNE. Low.High. Low.High. Low.High. L ow.High. Low.High - - - - - - - - •l - - - - 1 ~ - - - 1 - - - - - 1 - - - - • I -- - - A)bany & Sue. 1st m. 108 -109¼ 101> -109 ½ 105 -107~ 107 -109¾' 109 -110¼ 2LI mort ... . .....•. 101 -lOt 9l -101¼ S!l.¼- 93 88 - 91 92 - 9 3¼' lid more. . . . . . . • • • . . .. - ...• . ... .•. . .• - . . . . l!O - 80 ..•• - • • • • s~t~H~~r~·--l:S~fm: 1 1 Bo 15 : 15 .. .1.4.. : Guaranteed........ 14 - 14 l~r~N~~Itl~~~~1 9(): 95 Large bonds ........ 91 - 91 New bond~, 19Ui ....... - . . . Bur.C.R&M.1st,7e,g. 38 - 40¼ Bur.C.R.&N.lllt,5s. .. . Uan .S.1 1.1t m.a.f. coup. 50 - 50 With int. certf's ... 5-l - 55¼ C ednrF'Is&.M..lstm. !.-,4,J,- 85 Cent. otN.J., 1st, new 109 -!10¼ 1st mort., consol.. . 75 - 831/s Convert .........• 74¼'- 8~ Leh.&W.B. con. ga. CH¼- 63¾ Am.Dock&lmp.hde .. .. - . . . . Cent. Pacl1ic gold b •• 107 -108¼ S an Joaquin br'cb. •. !XJ.- 9~ Cal. & Oregon !st •. sg - 90~i State Aid bonds ..• .. .. - •••. Land Grant bonds...... - . . West. Pac. bonds .. 1001/s-101 Ches. & 0 . 1st mort.6s :.?6 - 26 f. https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis AUGUST. ·gi": gf · 91 - 92 . .. . 38 - 31 .. 51 - 51 51 - 51 .. .. - .. . 101.¼-105 61 - 'i6¼ 55¼- 72¼ 81 - 56 40 - 40 106 -107 ~~ 111~- 9~¾ !!O¼ - 90~ 101 -107 93¼- 93½ 100¾-lUl¼ ~~ - 26 106 -108 108 -103 85 - 85 84 - e.5 104¾-105¾ 105 -106 111¾-112 lll¼-113¼ 1011¾-lC-9¾ !09>,-1:0 . .•• - ........ - .. .. 116 -117 113),(-114 9l'l -1•:0 94 - 95½ 98½ · 98.¼ 94 - 94¼ !l5 -101 97 - 97¼ 91 - 91 85 - 8:i 75 -86 82 -s·J 75 - 86 82 - 83 95 - 99 95½- 97 8 ~~- 85!.(' 811/s- fa¼' !lO - 91 90 - 90 .. - . . . . 90 : 97 .. 97 - 97 . .. . - .... 39 - 39¼ 45 - 451/s 40 - 50 4S - 48 80 - 80 102¼-105¾' 5~ - 59 47 - 5 •¾ 30 - 85¾ 40 - 44 105¼-106 901/s- 91¼ ~O - 88¾ 107 -107 94¾- 94¾ 1tr0.¼-l01¾ 20 - 23 8 - ·;iu· 8 SEPT Sll ' R OOTOBl,m. NovEMBl!:R D f!.CEMB KB r- 14::. iox: ioj,f ::: : .::: iix=- ii¼ ·g·: ioii f5 : 10 O~i:.&1hi~·ts~~~ft ii-1' :nii.. ii5. :1i5 Income bonds• . .. . . 103 -104½ 104½-106 ,Toliet&Chic. lstm. Lll.&?tfo.lst m.guar St.L.J.&Chic.lstm. Chic. B.&Q.8s, lstm. Consol. _m orr., 7s .. . 5~, smkmg fund. .. C.M .&St.P.1st8s,P.D :Id,? 3 lOs, P . D . 1st, 7s, gold, R.D. 1st m ., .. a. C. Div .. 1st m., I. & M• . . . . lstm.,I.&D ..•.•. 1st m., H. & D...... ll!t m. C. & M. .• . Consol. sink'g fund 2d mort.... .••• .•• JULY. Low.High . Low.High. Low.High. Low.High. L ow.High. Low.High. - - - - - - - - - - -11----1---------- 109 -110¾ 107 -107¾ 107 -107 H 9 -109½ 108 -1G8 110 -110 93 - 9l - iO 1 94 - 95 97 - 98¼ 92 - 93 95~- 95¼ .. •. - .. .. &.> ~ • • • • - • • • • • •• - • • •. : • • • • • • • • - .. • 51 51 g : i°2¼ 11.!,(- 1~ 10·: 11 . .• - . . • . o - 9 . .•• - . . . . 10 - 11½ 10 - 13¼ 13 - 13 11 - 12 :101 ioi" :101 .. ioi" ·: 10~-. . . - .. . lill½-101¾ ... - .... 100 -101½ 10~½-103 101 -103 . ..• - . . . . 45. - 45 .. 45. - 45·· 45 - ii 40 - 47 48 - 5 J 45 - 48,½ ·;,9· . : 7.n ·1·s·. -_ s·> .• •• - ..•• ,., • rn - 82>,s 104M-107¼ 108 -1 09 108 -110½ 52 - 52 54.¾- 60¼ 57 - 59 4o - :.o 5t - 57¼ 51 - 5i 26¼- 28 2.i ¾- 23½ 20 - 26 .. . . 35 - 4i ¼ 37 - 41 106 -107¼ l Oti ¼-110 109¾-110 85 - h7 86¾- 90¾ 88.!i(- 89%'. 6½- 87¼ 88¼- 91¾ 91 - !ll 107 -107 .•.• . .. - . . . 92 - !!2 91¾- 91 ¼ 93¾- 93¾ lOJJ -102 101¼-103½ 102½-103¾ ..o - 2'.? 22 - 22½ 21 - 22 io""r ti¼.-: ioi' :1oi" · 101 :1rii" iAi' :1oi· 10i · :102;,;. 100 -100 1(11 -101 ;01 -101 101 -10t¼ 103 -101¼ 105.1,i-105¼ l06¼-lu7 107 -101¾ .. • - .. . . . . - . .. . .• - . . . . 40 - 45 44 - M¼ 54 - 50}i 59 - 60¼ 13 - 47½ 46 - 54 56 - 62¼ 58 - 60 4U - 40 52 - 52 ·;.,s·· - .. ... .. . - . . . . 77 - 77 - 7a i<O - 85 110 -114¾ 109 -11 ll 109 -110¼ 109 -109¾ 5:J½- 65 6'i¼- 72 66 .:. 70½ (it:, - 67 53¼- 63 a·1 - fi5 61 - 6ti ½ ai - M 21 - 26¼ 22 - 30¾ 81 - 36¼ 3J½- 34.¾ 40 - 41 40 - 42 ¾ 4.~ - 4 ~ 4t - ~7 107¼-101Ji 106¾-106¼ 105¼-105¾ 105¼'-106¼ 8~¼- 90 87¾:- ti9 8~ - 88½ 84¼- 86 SM~- &l¾ 86}&- 87 b6 - 87¼ 86 - sn~ 107 -108 108 -103 .. •• - . ... 106 -106 .. .. . ... - . . . . . . . - . . . . 100 -100!,( 100½-101¼ 100 -100 !CO -101 21 - :l2 ~O - 21 22 - 23½ 22.!,(- 25¼ iir :1i4½ iia¾':114 .. ii-1· :115" 117 :118¼ 1if :116¼ 107 -107 1031/s-104¼ 105 -105)1105½-106 106 -l!lti 106 -108 103 -lOd 103 -110 111 -112 11J8 -108 85 - 86 60 - 86 85 - 85 88½- 8:3½ ... - . .. 104 -105¼ ! (1 -102 102 -104,¼'. 104½-105¾ 105 -106¾ 11:3 -11 4½ 114 -114¾ 114)1-115¼ llti -117¼ 115 -115 106 -109.½ 1(9 -109 ),( 10\J¼-110¼ 110 -1!0 ¼ 103 -109 . .. - .... E9½- 89½ 8!1½- 89½ 90){- 90¾ 90 - 9 ½ 114.,¼'-115 .. . . .•. 115 -117 117,½'-118 118 -1 :8½ 90 - 95¼ \:-3 - 9 1 · 941/,- 97¼ 98 - 98 14 9:J - : OD 87 - !J;l E5 - 87 UO - 9fi 95 - 95¼' 91¾- 9J 97½- ~O¼ 18¼- 99 !~ !Ol¾-103 1 3 -103%: 100¼ - 101 85 - 86 E3¼- 8:J.~ E6 - 89 89 - !ll ½ 88 - b8 80 -84 '«l - 1:- 2 80 -81 8-3 -88 82 - 83½ 'i8 - 82 E6 - 8'i 86¼- 88 83 - 83. 97 - 98½ 95 - 97 98¼- 99¼ 99¼-100;,( 96 1,,; - HS¾ 81 - 84 7'lJ - BJ½ 8--l¾- 86½ 86¼'- !:'8 85¼- 8 i¼ 9) - 91 Ell¼- 87~ 87¼- 90¾ 69 - 91 \JO - 90 11 5 :115 .. 1Ti Low.High. ---1(18 -111 9'> ¼- 9' ¼ OJ - 90 t'i": 11 .. 11 - 11 1 i02½=103),( ~~. l11Q,¾-103¼ .. . - .. . . 107,~-lOd.¼ 105 -Hi5¼ - . ... . ..• - .. .. .58~{- 6 ? 58 - 59¼ 58 - 61¼ t\O - 61 59½- 59¼ 6\l¾- 6881 85 - 86 87 111 -112 11"! -m~ 60¾- 68¼ 65 - 66 6 .1/s- 64 ll 1).(- 61.¾ n - 33 ~8>t- 3-3 36 - 41 40 - 42 106¼- 108¼ 1U7.¾-107¼ Si¼- 86¼ 85 - 85¼ S'i - 8 ~½ 86 - 67 10<i¼-1u7~ - 106½-107 . ..• - .. . 01 - 91 101)(-10~¼ ll~ -102 25 - 29 25 - 25¼ =~~~ :/fg 110 :1i4 .. =1~Y 1r? :1~~ 1~ 104 -1ll6¾ I0~¾-102½ 1<l2 -!03 lOl -104¼ -108 107 -107 ll,7 -108 110 -111 111 -112 - . ... 85 - 85 80 - e2 so - 84 84 - 81i· -lOi¾ :06 -107 103 -1114_½ 104 -104½ 104 -104 -115 113)9-115 112 -113.J9 113 -115 116 -1161' • 109 108½ - 109½ 110 -110½ 111 -112 112!,(-112.¼ - 91 91 - 91¾ 8:3¼- 89 b\J - 91) 90 - 90 -114½ 113½'-114 113 -114 li4 -1163' 1i7~-119 - 96½' 96 - !J7 96¾'- 98¼ 97}9-101)1102 -lO l ¼ - 93l,,2 94 - 96 9(i - !17 97 - 9,•¼ 118 -lOJ M -102¾ 'Ol¼-103 10:J -103 1U31/s-10.5.x, !1)6,li-106~ S8)4- 91½ 91 - 92 93 - 94¾ 94 - 9 ~¼ !i7¾- !17¼ €6 - 87 89 -89 91 -9 !½ 91 -9:3 93 -!lt 86 - 90 90 - 9t 91¾- 91¾ 91 - 94 04 - 95 98 - 99½ 97½- 98¼ 99½-100 l W¼-10:H,1 103¼·-108\( 8ti - 89¾ 80 - 89¼ 91½- 9·/¾ 91>~- 93¼ 93¾- 04¾ 90 - 91¼ 90 - 91½ !iO - 92¼ ~-0 - 91.l,{ 92 - 9~ HJ:i -104 107 . .• 105 111 IOJ 00 114 9j 91 63 RAILROAD BONDS. Prices of Railroad Bonds for lS77-(Continued). I I I I JULY. Auou~-r.18EPTR:u:'n I 0CTOBER. INoVEMBERl0Bca:Mnu1 11'£A.Y. I JUNE. JANUARY. IF..;BRU·. RYI MAno11. APmt. L•,'_:~High . Lo~ High. Low .High. Lo w.High. Low.High Low.High. Low.Hi"'h. Low .High . Low.High. Low.High. Low.High. Lnw.High. I · Chic.&N'west.s'kgtd. 108 -110 !OtW-107½ 10'1j{-108 103 -1031( 108 -fii¼ 109 -=il f 109 -111 106 . .:.100 106~-107.¼' 1073'-107¼ 108 -109½ 109 -1~ Intere11t bonds . .. . . 104).(-104½ 104 -101 104 -105 l05 .•.'-107 102 -103¼ 103 -106 106 -107 106 .)-107 105 -106 l06 -107¼ 108 -108 105 -106 Consolidated bonds 104 -104½ 102>t-108¼ 10-t -104½ 105 -105~ 101 - 108 105 -106 1,( 105¼-107 105 -106 105J,(-106¼ 106 -107 106 -106¼ 106¼-108 Extension bonlls ... 100 -101 100 -100 tOO -100 100 -100 100 -100½ 100~-108½ 103½-104 100 -103 f02 -toi 103 -103¼ 103 -104 103 - l u6 1st mortgage . ...•.. 106¾-108 104¼-105¼ !Ol -106¼ 105 -106½ 10~-" -lOti ¾ 106¼-108¼ 106¼-I07¼ 103 -104¼ 1G5 -107 107 -l<Yi 107¼-108l{ 107¼-lOSJf 91¼- 9i 87¾- 90¼ 83~- 88 14 88.!,(- 91¼ 84~- 86½ 86¼- 87¾ 87¼- 91¼ 90¾- 91¼ 92¾- 98¼' 93¼- 96 89~- 92 Coupon gold bonds. 9t¼- 93 sa - 87 85¼- 85.¼' 88¼- 91 90 - 90.J,o, 91¼- g1¼ 92~- 96 •••. - .... 83 - 88½ 85 - 90 Registered gold bd~ 91 - 91 .. .• - . .•. 87¼- 89 91 -9 ~ ... . - . . .. . . • - .... ..• - .... . ... - . ...... . - ....... - ... . 90 -90 .. .. - ..• 80 -92¼ .... - ..•• I owaMld .lstm.,8s. 90 -90 Gul.& Chic. exte nd. 1 8 -109¼ 105 -109 l!MI -108 106 -107¼ 107 -107)§ 109 -109 . .•. - . .. . tot -104¼ 10~ -10IS 106 -107 107 -108¼ 107 -108 P eninsula 1st, conv. 100 -10-1 100 -106 mi -104 102 -102 102½-102¼ 103 -103¾ 103,¼'-104 10• -lOl 102 -108 104 -108 10:-.i -105 105 -1015 Chic.& Mil 1,tmort 10~ -106 104 -106 104 -106 106 -106½ 106¼-108,11( 108 -108)9 106 -107¼ 107¼-107¾ 107 -108 107 -107¼ to7 -108½ 100 -109ij 85¼-88¼ 88 -89M 79 -81¾ 82 -85 74 -79 Win.&St.Peterlst 80 -80 .... - . ... 7i -75 ... . - .... 70 -70 ...• - .. .. 75 -i5 73 - 70 73 - 78 112 - 6~ .... - ...• 6?¼- 6-7~ 67½- 70 70 - 70 .• • - . . . . •• . - .... . .. - ... 60 - 62 do 2d 70 - 72 dn Ohlc.R.I.&P.lstm. 7s 108¼-109¼ 101¾-108~ 106"-107¾ 101 ¼-108 108¼-109¼ 110~-111¼ 108¾-109 108'(-109¼ 106 -106¼ 106¼-107~ 107¼-108 !08¼-108" 99 - 99~ 99¼-10-2 102¼- 105.l( 105 -105¼ 103 -108 ...• - . . .. 104 -104 105,¼'-106~ 106)(-107¼ 98¼-lOj 102 -108 Sink.fundinc.68.'ll5 101 -iOl 6s, Hll7, coup...... . .... - ........ - ••• .. .. - .. .. . . .. - ....... - •.•. 10374-103¼ 103.¼-lOt 103¼-104½ 104_¼-10!5.¼ 105 -106~ l07 -108¼ 103).(-108¼ . ... - .... .... - ........ - ........ - .... . ... - ••••• . •• - . . ...... - ........ - . . .. 104 -lOi 105)(-106>. 107 -108 10S,lii;-108}C C 6s, ,1!117, reg . . . . cie~~~c~.i:h~t ~:.rs., Consol.mort.bonde. Clev. & Pitt. co n. e.t . 4th 1,inking fund.. Col.Chic.&I.C. 1st m . 2d,mort.... . . .... ios' :ltO¼ 98 - 98 ll 9 - 1v9J,i l03 -104~ 39¼- 40 6 - 10 iof :100" . .. - . .. 110 -113 105 -106½ 80 - 82¼ 6¼- 6¼ 6¼- 6~ ios½:lio' . .. .• - . . .. 110 -110¼ 105 -105 80¼- 36 107¼:103¼ io5¼:107¾ 1~ :118~ 109¼:1<»¼ 101· :109¼ . ..... - •.• .. ..• - . ....... - .. .....• - .... ..• ta -113 .. .. - .... 108 -110¼ 108)4'-109¼ 168¾-108¼ 106 -107 106¼-106¼ 107 -107¼ 103 -lll4" 103 -104 21¼- 2;J& 24 - 40¼ 29 - 29¼ 21¼- 28 26 - 28 .... - .... 8¼- 4 ..•• - ........ - .... 8 - 18¼ ioH1:102·· ·95' :100· · ·gr : 97' . ·oo· : 97¼ ·oo½: 97¾ ·go· : 01·· g~Lr£~1~~~·~~.; 90 - 97 97¼ 9tx- 95¼ 96.¼1st mort, 1681 .. . •. l ilOJt-101!, 93¼-lLO :100¼ ioo· :1io· . 1i~ ioo· . ... - . . .... .. - . .. .. .. . 108 -108 109 -111¾ 108 103 -104 108;i-l 1 6 106 as 85 - 87¼ 87 - 89 10¼- 10¼ lll - 15 :1iJ¼ ioo¼:108¼ - . . .. .. . - ...• -110 1<'9 -109 -107 tot -l(}7ji - 86 83 - 88 8 - 9¼ - gi}' : gg· · gg' .:102~ io-i~=!O~¼ i02¼:108¼ :~~: : ~~: . .~. : ~ .. 90 - 9:lx ll8X- 98 ¾ 98 - 98½ 98 - 9~~ 98¼- OS~ 98¼- 993' 98¼- 99J, 93 -100½ 99¼-101 91¼- !l9 90 - 98½ 87 - 91 95½- 96)1 97 - . 8 99 - 99 95 -101 1st m .:irt .• 1891.. . . LOI -102 92 - 92 100 -lC-0¼ . • - . .. . 95 - 96¼ 93 - 94 88 - 88¼ 88 - 83 . .. - .• 90 - 91 8:'> - 8'1 ¼ S6 ... 92 Coupon 7s, 1-9.t . . . 97 - 97 - lHH 94 96¾ !l6..l{. . . . 95¼- 98 ¼ !19 -100¼ . . • 90!,(- 91 88¼- 90 88 - 88~ 88¼- 90 883(- 9:! 81 - 86 Registered 7s, 1891. 97 - 97 Del. Lack. &W. 2d m. 108 -109 107 -108.¼ 104 -106 108¼-107¼ 107 -108 107 -108¾ 107 -107 106 -107 1043'-104¾ 104 -105 104 - 105½ 105¾-1 5¼ -100 100 -102 O U l -101¼ 101 -101 100 D7s, conve_rtib le .• . ... 100 -103 101 -103 102¼-lOJ Y. 1033'-103½ 108¼-103¼ 101~-101¼ 100¼-101¼ 100 -101¼ .. . - .. ....•• - ........ - .. .. 102 -102 .. .. - .••• .•. - .... . ... - •••• 102 -102 102 -!Cl2 102 - 102 ub.& S.City, htm .. l tl4 -105 105 -105 - 105¼ l05 -105 102 -102 10!3 •••• ••• . •.•• • . . .. . . .. .. - ..... 2d division . . ....... 104¼- 105 ... . - .... 103 -103 . . . - .... 104 -104 E rlP, 1st mort. ext . . . 1119 -110 109¼-110 111 -11' 112¼-114 110 -111 110½-114¼ 118 -11814 114 -114 .... - ... 109 -111 109 -110 111 -1:2 -ICa¼ lOIS -iO-l~ 103 -103¼ 103 1023'-103¼ 105½-1P5¼ 104¼-105),( 104~-105¼ 2d mort. 7s, 1879... 102¼-104¼ 104 -,04¼ 101 -10·3¼ 103 -104 103¼-105 3d mort. 7s, 11:i83 ... 103 -101¼ 1,)4 -106½ 101 - 102¼ 103¼-lt-5 101 -105 105 - 105¼ 105 -106¼ 105,¼'-106 102 -102h 102¼-104½ 100,-11'5¼ 105!-'-106 41h m ort. <;s, 1680... tU0½-101 ¾ 101 -10~¼ 1033'-105 l01 -102l{ 102½-103 102¼-103,!,( 102,¼'-103 102 -103.l{ 108¼-104M 100¾-101 I01,!,(-102¼ 100¼- 103¼ 5th mort, 7s, 1883 .. . l UO -100 100 -100!11; 101 -101 ~ 1(11_¾-102½ 103 -103½ 100¼-100¾ 100,¼'-100½ 100¼-103 103 -103½ 10-U,(-104 104 -100 102,¼'-1!)33' .i;,?ng Dock bonds .. l04¾-104½ 106,¼'-106¾, 105-'(-108)(' 107 -lOd¼ 109 -103½' 108 -109 109 -110 108 -109½ 10 H-109 1'18¼-109 108 ~-109¼ 107,¼'-107~ E J.Va.&Ga.lst m 7s . • . • - . . . . .... - . .•. 91 - 91½ 91 - 91 90¼- 90" !lO¼- Ill¼ 92 - 98,¼' {16 - 96~ 91¼'- 92 .... - .... 90 - 90 92 - 92 · -· ~,,, - ~• .... - ~ . ...... - ........ - ........ - ·- ·· ·••• - - ·• • u • - . . . . 'la - i9 ..•• - 77 - 77 77 - 71 G. TI .& H. 7s, gold,'71 71'. . .- 71 8! - 86~179 - 86 [ 82¼- 87,¼ 85 - 86)& . 9i 88¼,91 89)486¼] 80¼83¾ 75· 'i'O llan.& St ..-:-o. S-s, conv. M¼- E5¾ 85¼- 85¼ 75¾- Sd 6t - ti t .... - .. .. , .... - . . . . tiO - 60 - . . . ... - .... . ... - ........ - .. • . 60 - 60 Houst.& Gt.N. 1st 7a . .. .. - .... .... - . .. . 64 - 6-t ..•• 1 69 - 69. . ... - .. ., 66 - 70 64 - 64 6fl 60 ••• •• .• ••• . •.• . .. . .•. 64 1 6 64 59 . " -_no · · no ·· ; .;, _no .... certlllcate With 15)l- 15~ 16 - 1~ 11 - 13½ 13 - 14 10 - 12 10 - 10 17 - 1n, 10 - 10 ;2;? - 22 2J - 2 l ,., • ,H Ind.Bl &West.,lstm "' 2d mortgage.. . • . . . . 5 - 6 . .. • - . . . . . . . - . . .. . . . • - . . . . .. - . . . . 1 - 1 . . . • - . • . . . • • - . . . . . . • - . .. . . ••• - .. .. ll - ~ . . . • - ., •• 65 - 68 .... - •• . . ... - •••• . ••• - .. ...... - .. . . . ... - .... • •• - . . . ..... - ........ - ... . nternatiunal 1st m. 78 7ti¼- 76¼ .• - .... 66 - 66 63 -75 .. .. - . .....• - •• ,, Wl thcerttftcate .... . . •• - .... .... - .... :'.Ill -66 1 68 -69 .••• - •••.• • .... - ........ - .... • ti5 -65 · 55 -ti6 Kan. P., 1st, 6s, F . &A . .... - . • • . . . •• - .... . ... - . . • . . •• . - .. • . . .. • • . . . . .. .. - • .. . . ... - ............. . .... - • • • . . ... - • . . 88 - 88 •••• - ••• , ... - .... . ... - .... 71 - 71 . •.• - ••• , let 6s, J uue & Dec . .• - ... . •••• - ........ - .... ... - ...... .. - ........ - ........ - •... . ••• - . .. . • • . ... .. . . 47 - 47 ......... , 1st RR . .r. land g't. . ... - ........ - . . • . . ••. - ........ - •••..••• - . . . . .. .. - .. .. . .•• - ........ - . . . . . ... No. 16 incomes •. . .. .... - . ....... - ........ • ........ - . ....... - .. .. .. • - ........ - .. ... . .. - .. • . 5¼- 5¼' . ... - . .. . 5 - 8X . ••• • ... , Lake Shore. . ....... - .. •• Mich S. 7 p. c . 2d m. 102,½'-103¼" l01¼-103½ 103 ➔,-104 104 -1043(" 101 -101 ½ 101;.<-101¾ 10~ -102 102 -102¼ 1023'-102,¼ 102_¼-103¼ . . .• .Mich. 8.& .I s.f.7s 109 -1''9.¼ 1 09}(-110 109 -11B{ 111 -112 108¾-l v8¾ lH•¼-112 111 -111 111 -111 111 -111 110 -111 1C8 -110¼ 109¼-111l Clev. & Toi. 8. fund 106 • 108 107¼"-108 108 -109 109½-110 110 -111¼! 112 -1 12¾ 107 -10'3 108 -108½ I07,¼'-108 103 - 108 108~-110¾ 111 -112~ Clev. & 'l'ol. new b. l L!S -106.J.( 1C5)!\'-107.¼ 10?½-107¾ 104¾-10~~.{ 10a - 106~.( 106 - 108 106 -108;( H 6¼-107 105 -) !'6 10:J,¼'-I03½ 102)t-104 103 - l(l .~ Cl ev. P. & A. old u. 1P8 -104 104 - 104)9 104¼-1053t 105½-106 105J,{-le6}4' 1 5¾:-108 104¼"-104½ 104.J,(-lOi,¾ 104~-104,¼' 10'1 - :04,½ 104 - 105 l Ofi¼-105_34 New b onds...... 107 -108.J,{ 107,li -lO l¼ h18 -108¼ 105 -lf'5¼ 106¼-107 106 -108¾ 107¼-109 107 -107 108 - 109 108 -105:,( 107 -110 107 -108~ Buffal o & Erien. b . 106¾-107½' 101,¼'-107½ 1071,l-108 I04¼-105:'4 106 -107 107 -108 107 -JOS 107 -107 107\(-1<,8 104 -1053,( 106 - 107 107 -108~ Buffalo & S . L. 711 . . 10:1 - 104 104 -105 104 - 105 l04 -105¼ 104 -106 107 -107 1()5 -10~ 101 -104¼ l i.!7 -107 104 -1 1'5 :05 - 1Cl5,¾ .... - . .. . 90 - 93 85 - 9J 86 - 89 .•• - ........ - . ... 81¼- 85 88 - !11 ½ 91 - 92 ~6 - 58¼ 86 - 87 85 - 80 Kai.& W. P. 1st .... St - 86 D.1\1. &T. li!t 7s,1906 10n,-lOJ}i 105 -Ill~ 105 -117 106¼-107 1117 - 107¼ 108¼-1C9 108¼-108¼ 185 -1P6¾ 10.5 - 107¾ 104 -1C4 105 -100l{ lOl.i¼-107:1( Lake Shore d iv. b .. 104¼-1 <6¼ l f17 -107¼ 10?¼-103 114 - 10{¼ 105 -106Ji 104 - 108 107 -108¼ 10'7 -107½ 107¾-108 102 -105¼ 106!.(-; 07 1<. l07)!(-l r8"' Cou. coup. 1st . .. 103½-107 li'6¼- 107¼ 1u6 -1083( 106 - J06¾ 1061{-10,¾ 109 -109 .~ l 06¼-l fl7¾ 106¼-107).f !08,¼'-108¼ 108¼-108¼ 1C9 - 109¼ 110¾-112 Con. reg. 1st.... 104,½-107 106).-107½ 1()5_¼-108 104¼-104¼ 104¼-107½ 106 -1 08 105 -1 06½ 1C16,¼'-l117¼ 165¼-10~¼ 106..½f-106¾ 107¾-109 109 - lOY 95 - 97,¼ Y7 -100).( 97~- 97)4 9i - 96 !ll ¾ - ll2.iii !l2 - 94 9l - 95 . .. - ....... - ... . !!5 - 95 100 -101 Con. coup. 2d .•. . 95 - 96 95 - 91¼ . ... - ... . 96 - 96 !15 - 96 93 - !l8 9l - 9i ½ 91¼- 93 Con. reg. 2d . . . . . . . - ... .... - ....... - . .. . .... - . .. !)5 - 97 . . . . 101½-1111½ 101 -101¼ !01 -101 lO 'l -102 . .. • - . . .. 1!0 - 87 .... - ... . L ong I. Rli., 1st m... 11l0¼- 100¼' .. . - . .. . .... - . . ..... . - . . . . . . . . 91 -101¼ 99¼-101}' 95¾- 95Jt 96¼- 96 ½ 94 - 97 9l - 9~½ !i2½- 97 Lou.&Nash.con.7s,'9S 90¼- !11¼ 90)9- 01¼ 92>,'- 9 H~ 87½- 90}' 90 - 92 86 - SG 86 - 87 . ... - •.. .... • - .. . Bl - 84 8~ - 82 82 - 62 64 - 81> . - .. •. 83 )<'- 84 2d mort, gold ......... - . . . Afa tietta &Cin. Jstm. 108 -108 105 - 105 106>,'-107 . . .. - ....... - .... . .• - . . .. .... - ..• . .•• - .... 92 - !12 ••. - . .. . 88 - 92½ . . . . - . .• • 87 -87 ... . - . . . . St -87 , . . . . - . ... ...• - . • . . . - . . ...... - . .. . 75 - 75 . ... - . . .. . . - ... . . . . . U em&• har.RH.,lst m . . . . Mich. Ct.!n cou.7s .19iH 10 1¾-103¼ 103 -1 03 102 -104 !Ill -103 100¼-100¼ 100¾-101 102¼-102½ 102½-104,i 1f4¼-1 1'4¼ 104_¼-106½ 1C4 -1<5¼ l O"i -!05¼ ..• - ..• . 109 -llt, 109 -llO¼ 1st m 8s, 1882, s. r 113.¼-113½ 11~ -1 12 112 -1 13¼ 109½- 109 ¾ 110 -111¾ 111¼-li2¼ 111¾-112½ 112 -113 112 -113 f.2¾- 153¾ .•. - . .. . 56 - 56 )1o.K.& Tex. ';s, aea'd Ui - M . ..• - .... 46¼- 46¼ 48 - :if/¼ .••• - ... . . .. . - • •• • 51.¼- 51,¾ 51¾- 54¾ 55 - 57 15 - 15¼ 11¾ -11~ . . .. .• - ... . . •. - . .. .. . . - .. .. . ..• - .. ... .. - . ... .., . - .... .. .. - . . .. . . . - . ... . .. - . . 2d m ort. inc .. ... . . . . Morris & E~11cxlstm 115 -1 ' 7 112 -116 114.~-1 16¼ ll:'> ,¼-116¼ 113 -117 115,½'-l15Af' 114¼-116½ IH -lHI 115½-116¼ 116){-117 114 -115 115 -115 ~•d m ort .... . ...... . 1L'8,\(-1091, ;04 -104 103 -100 103¼-:0)¼ 103,¼-105¾ l \!3.Jg-101¼ 105 -lOti¼ 104 -llli,¾ 104,½i-105 104.),i-101¼ 104 -lOJ,¾ 105 -105~ . . . - . . . . . . . . - . . • . . . . . - . . • . . . . . - . . . . . . . - . . . . . • • - • . . . . . . . - . . . . . ••• - . • . . . . • . - . • • . . . . . - . . . . . . . . - . . . . 75 - 76 B onda, 191)0 . . . . . • 7'.> - 75 72 - 75 70 - 71 80 - 80 . .. . - .. . . 'i:l - 72 . . . - . . . . . - .. ...... - . •....• Uon:itruction.... . . 95¾- 95% 80 - rn 0~ - 97~ 96 - 97 95 14 - 96 97 - 98½ 99 -100½ 97 - 99 95¼- 96 94¾- 9fi 7d or !871. . ........ H:.l - 102 101 -l02 100¼-101½' 9SJ{- 97 f "i - f ~ !lfl'-6"- 9'l R!'i - ~fl ~!'i - ~"' "' ~!'i - 8'1 R5 .... f;R 91 - 08¾ 87 - 92\( 9 1 - 9()14. 7/'i~- 80 l!R¼-100¼ 92 - 100 1 t Con .• c:olg sr -- ~5 86 - ti8 Si - 82)l 83 ... ss~ 82½- St¼ 83 · - 83).( SO - Sil~ 79¼- go-- 79¼- tH¾, 81¾- 82 Niish Ch.&5t.L.lstilil 7gM- 70¼ SO -·so 8i¼: 00¼ 87¼- 87½ 87¼- 90 85¼- 8'7½ ~9 - Ill~ 91¼- 92 Nash.& D~c.lst m. 78 .. ... - ... .. ... - ... . 86 - 88 97.¼ 9l - 86 - 89 73½! ii : ii n¼: ~t¼ i~¼: i~¼ iot' ~:~~!dln~~a'/i~~-;;j 1~t¼=l~½ 10& -104'-' ' 6!! l b87 ds:real·e;late:::::: 101\1,£-101 ¼ lis, subscription .... 101 -101 ¾ N.Y. Cen.&Hud. lstc. llli½-117¼ 115 -l lli¾ 1st re~ls tered Ilud.R.,s, 2d,e.f. '85 111 -113 • N. Y • .E lev.-i ted . 1st m .. . - ... N .Y.&Harlem lat, 7,;. 119 -ll!l½ do registered. ... . .. . 119 -l·lO North Mn. , M m ort. 93~- 96¾ Ohio&Miss. ,con.s'gfd 81¼- 85 Consolidated .. . . . 81 - 85¾ 2d consolidated . ... 46 - 49,)g l ~t Springf'd div... 15 - 1:'> P ac.R R of Mo.,lstm. 97¾- 9~¾ ~d mort .. . . . ... .. .. 83½- 8~-" 1st Carond't B'ch .. : . .. - . . . . P itttc1.Ft.W . &C.l stm. 1161-(-117¾ 2d m ort . .. .. ....... 1113(-111.J,! 81 mo~t ..... . . .. . 104 -106;( Re ns'r & Sara.. 1st c . . 114 -111 1st r.!tstercd . .... ..... - . .. Rome w. &U.con.ht . .. . - . ... St.L.A. & T .II. l sl m. !08~-108¼ 2d mort., :pref . ... .. 89 - SJ 2d mort., mcome... 70 - 7,1 B.&S.I.lstm. tis . . 83 - _,5 l~g :1~~3' 103 -103 102 -102¾ 102 -103¾ 114½-116¾ 117 -117 l14¼-116 112 -112¼ 112¼-114 . ... - . . . 81 - 81 119)1(-120!,( 118 -118¼ 119¼-120.J,( 117¼-11 99¾- Y9½ 97 - 99.J,( 87 - 88 811 - 89 85 - 88¼ S6 ... 87¼ 4~ - 50 50 - 51 1.5 - 15 . . .. - . . . . 95¼- 95Ji4. 97¼- !17½ 86 - 83~ 81 - 87.!.( . . . - . . . . . .. - . ... 118 -119 119}(-120 111¼- ll l¼,,, tG7 -112 105¼-106 10.'i -106~ ... - .... 106?,-lOd¼ ·;·· - ·:·· 101 -107 dS -7.> .... - . .. 1 5 -106,½' 1 6 -108¼ 87¼- 88 86¼- b8 71 - 71 .. . . - . . • . 87½- 87 ¼ 80 - fl8 1~~. :1~:~ st2f~~r\ South Side, lEt m.bds .. • - • .. • Sinking fund ... • ....••• - . . . . S.Pac.o! Ca\..lsts er.A .. .. - . .. . ~o.Pacific UR.,1st m 7=-l½- 73½ T ol.Cun .S.&Dt.,letm 31:1 - 4.2 \Vith Int. cert if's. . . . .• - . . • . T ol P &W 1st E d 8~ - 9!) 1·t,v 0 t.rndiv· . tl4 - 8-l .. - . .. . R~i~Jine,;t;n rliv . ::· .:~. : . •• . ..• .... - ~~:~~~~: :: https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis :1,M¼ 104 -105;. .... - .... .... - .... 115¼-117 1 '39° - ioa¼:104¾ 108 -104 102¼ -103¼ 102)(-103¼ 116 -117¾ 1151/,-117 114 -1!4}' . . •• - . • .• 119 -120 39 as' - 6~.. .... - ••• . - . ......• f5 SIS - :3~ 85 - 86 .... " .. , .. - - ··•· - 8().½' - ... . - .. . . - . . .. 11'/¼(-11'7¼ 118 -119¼ ll7¼-117~ !l8¾ -l01 ¼ Si¾- 01 8 ;.s - 90½ 49¼- 49}1 96. -100 ½ 85 - 87X - 85 - . .....• - . ... -119 119 -12'1 -113~ lU -114 ½ -lOl !0'l¼-108 - . ••• 114J:-114J: - ........ - . ... - .... 40 -40 -1081,l 108 -108¼ 87¼- t8 - F7 67 - 67 - 72 - 84 97"85 84~46 .• 95 - 85 . ... 119 112 101 . ... .... . ..• 106 86 72 84 ~~~: :~~ ·9-~-:': :~ •. . .. • · · ·• - .. • · . . . . . . .. - . . . .... 1~ :1ii½ 10:> -105¾ 101 -l(ll¼' 100½-101¼ 118 -12:1~ 118 -ll!l¾ 114 -114½ 98½ 86 ~ 85¾ 47 . 97.)4' :~~~: :~: · 9:i~ · · • • - · · .. · · · • - • · • · - . . . . ·01~- 9i¼ ·91¼- 91½ 71 - 74¼ :::: - ::: : 3'.l - 3) 28 - 23 .. .• !lO - 90 86 - 93 88 S7 85 -85 ::: . . . . . ... - . . . . iof :1~4-103 -196 1014!-103 rn l¼-103 119 -120½ 119),(-1~1 11 ~1{ -115.J,( 60 - 60 117 -l l8.J;-( llti -118),a, 102¼-11'3 82 - 90¼ Sit,.i- 90 :.g 30½- 4!3¾ .• - 1,io· -toi 87 - 90 . ... - . .. . l'lO -120 11-1)(-1151/s i02 -108,),J .•. - .... 114 -114 ..•• - . .. . 10:1 -112 84 - ~5 6::1 - 6::1 t 104¾:::lMi.< icir;' :105" iOt>¼-106 .. t04½-105¼ 102 -105..½f 105Y,-105¼ luJ½-lOiJI{ 10~ -104 102 -102 l03¼-104 103 -10{ 102 -10; 117,!i-118 117 -117¼ 117,¼'-11,¾ 117 -118 117 -117~ . ... - .. . . 111 -118 111 -111~ 111¼-112¼ .. • - . . .•.... - .. . . 6~ - 68 117r,-11~ 117 -119¼ ••• - .... 118½-118½ .. •• - .. . . . .. - .. .. 93 - 99).Q 99 -100¼ t.9]1-102 9? - 9• 85 - 90 84 - 87 91 - 9:i 85 - 90 63 - 86 49 - 51¼ 30 - 82½ 81 - ~8 . . . - . . . . . .. - .. . • • •. - • • • • 97¼- 99¼ 97¼- 98½ 1013'-108 90 - 91 83¼- 88¼ 89¾- 91 . . . . - . . .... - . ... . .. - . . . 117¼-118 117 -118 117¼-117),i 110 -112 111 -111 111 -111 101¼:-103 101 -102 100 -l00 l08 -112½ ll ;iH-115 115 -115 107,;,S- 118 113¼-11~½ 1!5":\J)4 ... o 4,1 -4/i 41 -45 l! :!l¼-lOY¼ 1L5 -11·5 l u!S -111 81 - ~¾ 21) - 83 83 - 87 65 - 65• 69 - 69 85 - 8::> 86° -81· !J :1~f :1~f l~J¼:l~g¾ - ~ll · · · · - · · · · · · · - •· • · . • - • . . .•• - . . . . 55 - 3 :~~ :~.: - 40 40 - 1ra -108\c 106 -106 108¼-104 103 - lOt 117 -118 117 -118 111 -112 103 -1(!4¼ 105 -107 101 -10-2½ 101 -lM½ 119 -120 117 -1 20 112¼-118½ •. •. - . • . 67½- 75 117 -1 19 115 -118 118 -118 116 -118 100 -100~ 101¼-103 !12~,- 94¼ 93½- 98½ 93 - 98¼ 92¼- 94 53¼- 55½ 515~- r>7 • • • - • • • • .. • - • .. • 96½- 97.!,( 97 -100~ 90 - 98¼ 90 - 92 40 - 40 ...• - .... 117 -118 117 -119 ll'l -1 18 111 -1 12 98 - 98½ 100 -105 -115 111¼-112 -115~ 111¼-112 40 -46½ 46½-46½ 111 -111 105 -1 09 84 - 84½ 63¼- 86¼ 66¼- G6~ 69 - 7~} 87 - 9• 1:-5 -89 gg :g.i.: :g . : : : : : : ·. · - ·· · · - ··· · ···· - ··· · ···· - ··· ··· .: .. - .... •·•· 74¾- 74¼ 7J - 70¼ 71!4- 73 14 7•\Y.- 78 • . •• 85 - 31 35 - 35 ........ - . ... 30 - 80 - .... 86 ·- : 88 .. 00· : . ... .. .. - . ... • • • • · · • • - • ... 7-'.! - f!l¼ 80J _ 9J . . • - .... 77 - 81 ½ rn - 8\:1 2:i - 25 . . . . - .... 25 - 25 .. . . ;-l , - 31 . ... .... . ... . .•• - :x:1: 101 -1().{~ lOl -}07)1 102 -10~" 102 -102.)d 120¼· 121 120¼-121 129~-113¼ , 1 - 71 117¼-1 18 .li 117½-1 17 ~ !02¼-108" 973(- 9;' 97½- Ii 1\4 M - 61! • • •, 99)(- 91!1 91 - !/2 . ... 119 -12 '~ 112 - 113 101½-1C6 111¾-111 ¾ 111,¼'-1117' .. .. - ...• l (l5 -108 85 - 85 66 - 6ti ¼ 85 -WI 1~¾=1~3¼ : .... 25· : 26 ...... • •• • •• • • ·· ·• - · · •• · · ;L:,.• ·;_,i 13 • 717 1 1 74 - 75. . ... - .... 40 - 4.2 : no·~ sf oi .. ·oo·:_ gi" cg _ .l ,, 89 9J 28 - 30 c 8 28 - 2~ RAILROAD BONDS. 64- Prices or Railroad Bond8 for I S?' -( f'oncluded). __________ ,~High. I I I I AuousT. ISEPTEM'R.I OcTon11:n, 1NovxllCl3BRIDECElltnER JULY. I Jmn:. MAT. APRn.. MAncH. Low.High. Low.High. Low.High. Low .1!igh. Low .High. Low .High. Low.High. Low.High. Low .High. Low.High. Low .High. I J.uroARY. IF'EnRuAnYI 1 Toi. P &, W •• 2d. mort 83 - a3 130 - SO 130 1f~¼:1~" 1os½:103x Ex conp " n ......•...... - .. 89 - 8 1¼ 81 )st m. St.Lou.div••• 79¾: S2.!,i SJ : 8 !}.( 74 ioo T~~~;~U!,iii."tii:: ft:~~~!:~e~~~~::: ·1~· - ?4¼ ••• - ........ - ........ :1oii :103¼ i cio¾:1nr· 83½- 91,i 89 - 88¼ SS - 88 74}' 70 : 7i 70 73¼: ½ : 77 - 80 10· - 1;·· .65. - iiji, 67 - Iii .. 73 : 75¼ : 72 tis· - Gi¼ oo· - 62¼ oi· - cw .. : . . .. •••• - · ·•· .. . : •· ·· Ex & Nov:,•17, cou ..•• - . . ....• - .....•• • - .••..•.• : .•·· 83 · · · · - · · · · . . . . 33 . •. . . . • .Equip. bond11 . . • . . .• - • • • 16 - l ll .. . • - . .. . 32 - 33¼ 20 - 81 3-3 - 35 35 - 85 48 :.;- 51½ 4;¼- 47 Cons. conv'ble ... . 4ll - t2 : : =~ ;~ : ~ ~ ~ ~ ~ 20 : ~- - ..•. m -11~ 110 -115 m -m 1gJ :1g~ 93 - 94]4 93¼- 9 ,¼ 94 IB(?M ~~ ~{~ 71'>¼: &l 7 78 «i2¼'- -i6,ii 7r>¼: 75¼ 77 - ~7¼ 78 - 86 so - 86~ · ···: •••• ··•• : :::· ~: : t, f>:1 "" ···· ···· ·· · - 2 50!{- 5-t~ : 51 ¾- uo 44 - 45 35 - 51 - ........ - •••.• .••• - • ... · 10a" :107° · ior :1ir· ioo· :1or 91 - 98¼ - 90,¼' \Jl - 94 inf ~:~: ~g)(- _ ~t :t: ~g· .'.~. : '.~.. 100· :104¼ ior :mi~ ioo· :1or· ioo :10t}i ioti' :164" ioi' :1us .. 101· :iio.. ::::: :::: ios_;~~10:i¼ 1?J :11g I~t'inf~~~ss ici~¼:104½ !~t~~t:' !ll¼- 98 9 - 92¼ 91 - 92¼ 91 - 92 88 - 90½ 9tl.¼- 93 88 - 91 S•i ~ - 88¼ e6 - 87 90 - 90 Ex coapon....... ~d mortgage, Hi93 70 - 71 .. . . - . .. .. .. - . .. . Exm.&Nov.'77.c ..... - .... . . - ..•. 62¾- 73~ 70 - 78 •• - •. .... - • • A7 - 67 90 - 90 H~t&'~~M~:i·etn;. ·s~ : so·· ~~ : i~ .... : .... .. : .... 0 ·10· - ~2· 90 75 - 90 8~ 10~ -100 108¼-105!,t 9 1¼- ~~ 100 -lOox 104~-lOOJ.( ~-- ir, : .'.~.:-105¾ ·s:;·: a~·- 105 0 0 - .. - ........ - . ... - . ... .. - .• 65 - 'iO 64 - 70 . .•• - •••. 60 - 60 .. .. - . . . . . ... - . • • • . . .. - . .. • SO - 80 75': 75° 75°: 75° 10::l¼-l03 7t 103¼-104 io3"-104~ 103¼-10-1° 104¾-107¼ 107)1(-108¼ 1ul - 101¾ l01'--lt.i2¼ t<i2¼-1C3 ~ ll9¼-100¼ 100¼-lOt l01¾-103 95~- 97~ 91~- 97½' 96¼- 97¾ 9'. ! ¼- 93¼ 92~- 92¼ 93¾- 96 108¼-105¼ 104 -11,5¼ 102 -100 103 -100 100¼-101¾ 100,¼-101¼ -101~ 101 1013'-101½ 101¼-104 104¼-104½ 104~-105 103 -105¼ 80H- 83 'cy&'l'ol. lstm.'00. 66 - 70 00 ~ 18 .•~ So . Iowa ' lstm .... - • • • • "" - 9J Union Pac. let m. b. Land Grim, 71.. . . Sinking rnnd • . .. . •• W. Un. Tel. b.,1000,c. Regi■tertld •••••.•• . 60 - 65 70 - 74¼ 65 - 70¼ . ... - . ••. 65 - 67}4 69 - 61 lQ.'iJ.(-105 102'i-103!,( 96½- 9 7½ 101¾-10 1¼ 1oi -1oi 1& : 1 102"-103}f 97¼- 9d 10-l¼-101¼ 102!,(-104½ i3 - 75¼ 74¼ - 80 62 - 6!} 6:~ ;.-- 65 73 - 73 7! - ~2 .... 95 -- 95 76 -- 76 7r> .•.• 75 .... - . . .. 75 - 76 104¼-100¼ 10n -107).( 102¼-108 ll ll8¼'-1 118Ji 94¼- ~~ 94).(- 95~ 106 -lOo ➔~ ,103¾ -106 106½-107 ,toa~-104.¼ ig :111 1iii. 98 - 98)( 76 - 7 i 65 - 67 .... - ..•• 100 81) 80 --100 gr, - 8:i 11 ~~-10:~-i 102,¼-103;.' ~• - 94¼ l li5~-106 104¼-104.lf" IS7S. [CompilEd from all sales at the New York Stock Excbange.1 I BONDS. JANlJARY . (EBRUARY __MARCH. High.Low. . .. . 63.¾(. ... .. . 65 G4¼- .,.• 58 ••.. . . .. 59¼ 59 AuouaT. SEPT'un'n Oc:_~ER. JULY. JrrNE. MAY. ~OVEMBER DEc~~~ High.Low. High.Low. High.Low. High.Low. High.Low. High.Low High.Low. High.Low. High.Low. High.Low. High.Low. - - - - - - - - - -·- 31¼- 28} - - - - - - - ·- · --:;!8.¾(- 28¾ 31 - 28 27 . . •. - ... 14,¼'- 12½ U¼- 13¼ 11¾- 11¾ ..• - .... 29 - 25½ 27 - 26¼ 29:,(11 31 - 31 28 - 25 12 - 12 . ... - . . . 12 - 12 70¼ 69 - 68 72)169 75 GB½ 71¾.. 69 72¼9½ 6 .74¾73½- 68 °70¾- 68¾ 69¼- 68 66¾- 62¼ 70 - 66 _ _ 75 _ 75 . .. . _ . ... - . •• . .•. - ... .. ... - .. . . 73_¾ 75° - 73 .. 75½- 7t¾ 75.¾- 72¼ .75½- 71¼ .77½- i i% - .... 77 - 76 •. ... . ......• . .. . .. - •. .. . . • - •....... - .. .. 72¼- 72¼ .. .. - •• .. .••• - ... . ..• - .. . . ... -- ..... 68 - 68 ·67½- 67 67 - f\5 . ... .•. - .... .. .. - •....... - •.•• . .•• - .•• . . .• - . ... ... - ... . .... 64¼'- 64.!i( 66¾- 66¾ . ... 66 - 64 ---- ----· -- - - -- ------------Bost. Hart. & E., 1st . 12 - 12 1st, guar. . . .. . • . . . Bur. C.R. & N .• lst•. M'polis &St. L.,lst. Can.South. , bt, guar. 1st, skg. frl.,cp .,1906 with int. ctfs•.... APRIL. 0 ·1s· - cit¼:~~~ ·m,= ~g¼ ~~: ~f4 ·tih= 0 i~½ .... - ·:: : :::: = :::: ::::: :::· ···· =···· ·· : ··· ···· =···· tis·· ·iti~:= &i.. is:t:!ru~~-~!;fra.:: ~}¼': 2,J.4'- 27¼ ·: :: - : : : · .. · - .... . . . . 2i¼- ~7 .. • 20 - 28 32,a- 28 3l¾ - 25 26¾- 25 Chesapeake & O., 1st. 25 - 2! .••. - . •• . 24¾- 23 115 -114]-4 117 -117 t.,'hicago & Alton, 1st. 114¼-111¼ .... - .... lti'> -115 : 15 -116 1 6 -115¾ 111¼-117½ 114,a-lt-1.J,; 115 -114¼ 115 - !14¼ 114½-11-1. .•. - ....... - .... 104¾-10! 105¾-H 4 104.¾(-104¼' Income.... . ... . • . ... - ... . 105 -105 108 -107 : 05 -104¼ 105 -105 105 -105 106 -106 101 - 100,½' lOL - 99¼ . • . . .. •• ••• . . . . . . . • • . • Sinking fund. . . • . • . - • • . . . - • . . . . . • - • .. - ... .... - .... .... - ... . ... . - ... .. 110¼-103 .. :i0¼-110,½ :::: - :::. :: :: - :::: .::: ,loliet&Chic., 1st ...•• - •. • 100 - 99¾ 103 - 99¾ I00¼-100¾ 99½ 100¾9i'¼ 97%'!i9 101 97~ 99 96 - 95 95 - 94 9Z - 9J La. & Mo .. 1st, guar . .. - ... !10 - 90 105 -104 104¼'-104¼ 108 -107 . 109.,'1;'-108½ . . St. L. Jack.& c. , ]SI 105 -104¾ 106 -106 107 -106 i.OJ¾-103¼ 105¼-10 i¾ 107 -105¾ . . 113¼'- 1 l¾ 13.½ ·ll :1 llt¾-111¾ 112¾-111¾ -11!¼ lH ½ 112¾-111 115.½-115 1~3½-112¼ . .. Chic . .B. & Q ., Ss, 1st. 111¾-111.J,J 113 -110¼ 114¾-112¾ . ... 114¼-lVl.¼ 115,½-114¼ 117¾-115¾ Con~ol._m., 7s . . ..•. 109¼-109 110 -10!l¼ 110¼'-109½ 111¼-110¼ 112.¼.{-111¼' 113½-11'2¾ 118¾-110¾ 113,¼'-112½ 113¼-113½ .. 91 - 93 .. . . 93 93 ... ..• . !•3 93 !13 93 93 93 91½ .. . . 91,¾5s, smkmgfund .... 90,½"- 90½ 91¾- 90% 91¼- 91¾ . . . . .. - .......• - ..... . - ... . . 108 -1(7 .... - . .. . ....... . . . . .. . 10'> -lOo 105 -106 . . .. Ch1c.R.I.P.,e.f.inc,6s. '08¼-10:3¼ . ... 111¼'-110¼ 110½-110 109~-'-lO!l lO!l.¾(-108,¼' lOS½-108 108;{-!07¾ 110;4'-109 103 -10i¾ lll8 -107¾ 109 -107¼ 107 -10/i 107¼-107 6s, 1917, cou pon 109¾-109¾ 110¼-110.½ 111¼-lll 6s, l!J!7, registered. 107 -106.Ji! 107.)1-107¼ 108 -107~-' 108.¾(-107½ 109 -108¾ 109¼-109¾ 108 -1U8 1C8¾-108½ 86¼ - 85¾ ... . . . . . . . . . - . .. ... . . . ... - .. ...... . . . . . . . - . . . .. .. Keo . &D.H . 1Et,5s. . . . - ... . . . . . . . . . . - . .. . . .. -11:,14 114 - 113 114 -113% 116 -115 Cent.RR.of N.J., lst,n 114½-112¾ 111 -110 111.½-110¾ 111.½'-110¾ 112 -111,½ 115 -113 110 -115¼ 112)9-112 114 87¼ 68 68 88 SJ 82 85 85 83 90 82.½ 85¼'70 82½li8 L9.¾(1st cons'>!......... 67 - 64¾ 68¾- 65½ 68¾- 643,.( 81i¼- 82~ f15¼- 85½ 85¾- b5¾ 81 - 81 8:l½- S:l 68 - 63,½ 68 - 65¼ 80 - ~0¼ Si - 79 ConvP,rtible.. . . . . . . 63¼'- lil,½ 67¼- 63 -50 53 -1:5½ 60 1:9 66 -fO 60 .. 60.¾(-55 -55 72 -45 51 -40 49 -3rl_½ 41 Leh.&W .B.con.lgu 36 -30.½ 39¼-34¼ 39.¾(-34J~ 50½- 49¼ 6Ha- 61¼ .... - · •• · 60 - 56 · · •• - .... 59 - 55 44 - 41½ 50½- 43½ !O - 50 44 - 43 44 - 43 Am.D'k&lmp.ods 44 - 41 - 68 ·1 73 68¾ 73¼66 73 71½ 7!3]71 77¾ h8.½ 73¼67¼ n .. . .•...... lst,consol.,assented .... - . . •. . .. - ....... 68¼ 10· - 69 .. 73}48- 69 71¼- 65 73 - o80¼ 72¼70 - G8½ '1 6¼- 70 . . - .•.. . .. - ... . . ... - . .. 67¼'- 67 1st, c onv., asseLted .... - .. SG 83 82¾. . . . . . . . .. . •• • . .. . ...... .. .... $1,000 ndj nstme nt. . . . - ... . .... - . ....... 35 37.½39 44 .. 35 °45¼L ~h.&W.cons . . as'd . ... - .•...• - ...... - .. . . . .. - ..• . . . - • .....•. - ... 62 - 4u·· 45 - 43 °49.1/a- 45 45 50]455 55 . ... .... . ... .... 50 50 .. . ........ ... . .. . ........ •• • . . .. Am.D.&I.Co, ass'd ...• - . .. . . .. - . . . . .• ::Jh c. Mil. & tit. P.-1211/, 12'2 -12J 122 111l¾-119 -117 119 -118 119 122¼-121¾ -121 123 -118¼ 1'21 U8¼-117¼ 118¼-1!6¼ -116 lst, 8s, P. n . .... .. 122 -11·1 117 . ... 103 -10 I 105;4'-104½ 106 -10:'>¼ 107 -106 10H(-10'i¼ i!d, 7 3-tn, P. D ..... 103.¼.{-103.¾ 102 -100¼ !f-2,¾-101 ~ 103),(-103 . ... - .. .. 1(,9 - 107½ . ... 104 -103 107 -104¼ 11•7½-106¾ 1st, 7s, go ld, R. D . . PS -· 96.¼i_ 100.J,(- !l7½ 105 -104¼ 104¾-103½ 106½-lOt 107 -i0674 105)9-10-l 104 -102 'i 104lt;'-11l1½ 108 110 -108¾ 110 -109.½ lt!t, Lac. D iv . . ..... 105¾ -103 107 -105¼ 107 -106¾ W7½-106½ 109,½-101¾ 111 -110¼ 108 -107½ 0';" -10 i 1(,6¾-105½ 102 -1U7 -100 106 -105 lOli½-105¼ 118¾ 100 98 100 98¾ 102_¾105¾-103 9g¼ 105 98¾ 99_½97¾ 99¼'97 - 91% 98 - 95¼ 1s t, I. & M. Div. . ...• - ..•. 100 -lCO -ll)l 101 93¾- 98,½ 1st, !. &D. Div ... .. .•• - ••.. 93.½- 93 ½ !lli - 9ti .... - .. . . .... - ........ - . . .. 100 - lW l UO - !l7½ • - . . . ... - .... 100 -11 0 . . . . ••• - . . .. . .• - .... 100 -lCO . ... - . . Jst, H . & D. Div. . . . . - . . . . 94¼- 93¾ 9/i¾- 95¼ . . . . -107¼ 110¾-1101.; 111 10-l½-103½ -102 103 1st, C. & M. Div .. . 103½-100¾ 105¼-103 106 -104~ W5½-105,½ !07!¾-105 109 -109 ·04 -103 103lr(-10i 981 10~¾-100¾ IOJ¼94¾ 99 93¾ 96 !l:JJ.<; 9'7¾96 101 102¼-100~ 9i 102X 96 97,a93¾ 96¾92¼ 2 93½Consol. siok'g fund !!3¼- 91¼ - . . .4 .. . . - .. . . .. . . ... ... . . .. .. . 97 - 97 i.:·· · - ........ - ... . HO -100 L00¾ -100½ 2dmortgage . ........•. - ....... - .••. 100 -100 97¾ 102 - !l7¼ 9i¾96½ 97 •.•. . . .•. • ... . . .•. .. . . •• . .•• . .. . . . . . . . . . .... ... . . . . . .. let, I &D Ext'n.. . . . . 109¾-10~¼' . .. . IU7¾-l06½ 109 -108 . . .. .. . . . .. 111½-109½ .. . 10 -109 WS¾-108¾ . .• Chic. & Nortbw., e.f. 111 -111 109 -1 09 . . . ... oJ,(-104¼ ' l 106¾,-106 . . . . . -100,½ 107 106}i-106¼ 105¼-lr5¾ 105¼-105¾, -108¾ 109 109.J,(-108,½ -109 74 lO!l -107 Interest bonds ..•.. 109 114}.,(-112¼ 1l2lr(-110 112½-110¾ 110)9-110 Consol.quart'ly .... 109 -108 108!,(-107½ 109 - 10711 IW9 -108½ 110 -108 110,1,(-109¼ 112 -lll½ 110,¼;-110 :mfr; 13e¼:1C8° ai~:~::::. ~~¼=mi rn~¾=rn~¼ ios° !l ;¼- 91¾ ~8 >1 97 0 ~~t!ni:fg Coupon, gold... •. 93½- IJl.¼ 94),.(- 9:3¼ Registered, g,old .. . 93 - 91¾ !13¾- 93¼ 96 - !l6 . . I owa Mid land, ht.. Galena & Chic . • ext 109,a-107)~ 106 -106 Peninsul~.., 1st conv . • - .. . . . . . - ... . F7¾-107 Chic. &rJ:i.lw.i....lst .. .. . 90 - 89 Winona &St . .l'.,1s· 87 - 87 ... - .... 2d mortgage ...... 78 - 77 Chic .St.P.&. M., 1st .....• - •••. . .. - . •. La odgrantinc . .. .. . .• - ... . .. - .... Cn.& Sp.lst,C.C.C.&l .... - ........ - .... . . . . . .. - ... . 1st., L. S. & l\L S .. . . . . C.C.C.& I., 1st, 7s, s.f 109 -108¾ 109_¼-109½ Consol ... . .. . .• . . .•. - . . . Del. Lack. & W., 2d . 107 -107 107,½'-107 78, convertible ...... .... - . . . . . . .. 1st, 7s, 1907........ . •• - .•. . . . . • .. - ... . Syr.B.& N.Y.,1st,7e M orris & Essex, lEt 116 -11.S½ 1 ·7;._;-Jrn½' 2d mortg,1ge..••. . 108 -105¾ 104 -103¾ .... = .. ~~~~~u~93~-~·::.: 78, 1871 ......•. 96 - 94¼ !16 - 96 99 - 99 107 -106X . ... - . . . 108½-107¾ 93 - 89½ 81 - i7 . ... - . . . .. - .. .. . . .• - • . .... - . . . 110 -109½ 8~ - 88 .. .. - .... 100 -100 ...• - ... . 119 -117¾ 104¾-103¾ = :::· ~~ =:·: : so·: so· ·sr: gj'" 8fj: 86° 85 +! .... f!7 - 94½ 99%- 97 100¼- 99½ 101 -10074 10.J = 95° - 94,¼' 93 -94½ 87 - 86.½ 87 • EO lstconsol.,guar. . 83¼- 80 96 - 95¼ 93 - !l3.¾ Del. & Hud. C., l st,'84 9~½- 96 !JS - 95¾ !)7 - 95 1st, 18!l l .... . ..... . . 97 - 9o 1st, extended ...•. .. .. - ... . ..•• - ..•..•• - . . • !i~¼'- 95 95¼- 94 Coupon, 7s. 189 1.. . 9M(- 93 !:7 - !16 100 - 95 Registered,7s, 1894. 96¾- 96 A lbany&Susq ., l s; 10!l -108 109¾-109 1 0 -1 ·0 91 - !l6¼ !l9 - 98 2d mortgage.. . . 98¼- 9ti Renf's.&:s., lst,cp ...... - .... 111¾-111¾ 116 -116 1st, reg............... - .... 113 -113 116 -1 5½ i~j~vu!i~v~y~lst~~tt·. iil¾=110 .. 2d, 1379 . ...... . ... 105½-105¼' 3d, 1883 . ... .... . ... 108,a-106¾ 4th, 1890 .......... . !Ot -103½ 5th, 188g ......... !0:3.½-102½ Long Dock bonds .. 109¼-108½ Bn:tr.N. Y. &R, lst. 107¼-10 ._½ E. Tenn. Va. & Ga.,7s !13 - 93 https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis 0 ii2}1=1i2 . 1G6 -105.% 1118 -107 104.1 (-:04 101 -10t 110 -109!.( 107½-107½ 98¼- !17 109 :108¼ 110 :110 :10 =1io· 107¼=10~½ 107¾-107 .. i07¾-10'7Y. rn~~=rn~~ 10:3 ,a- !l7¾ 100 - ! 6 101½- 98 iOO.¾- 96 102¾- 9S¾ 103 -101 106¾-103 99½- 98 101¼- 9~¼ 102,¼'-llli! 105.¾-10:!¾ )7½- 9'7.¼ 102¼'- 98¼ 99 - 93 101}4 -100 106 -115 103 -100½ 105 -101 . .. - .. . . . ... - .... .... - . ... ... . - • . . . • . .. ... - .. . 104¼-104¼ 104¼-lOJ½ . . . . . . . ... . 107):(-107¼ 1)6 -105.¼ 107y4 -1C6¼ .. .. - ... . 110 -110 . .. - . . .. . .. . .. . 110 -110 . ... - . . .. ... . .. . ... -103½ 108½ . ... --106 io6 -107.J<.; 108 -111 111 -109 . ... - .... 109 02.½-102 104 -103¼ 4 - 93¼ 98 - 96½ ,01)4 - 99.¼ 101 - 98 101 -lOJ 102 -102 88 90 90 ¼91 .. . . ..• . .. . •• Sd !;0 91¼ !l2 82 9,.¼f..:. 82½- 81 • . - . . .....• - ........ - ... . .... - ... ... •. - ........ - . .• . 63¼- 80¼ 81 - 7~ . •.. - ... . .... - •.... .. . - ........ - . . . . . . - ..• . 40 · - 39½ .. - . •. . .•. - . . . . .• - . . . . .•. - . .• ...•• - ••.. . .• • - .•.. • .. - ..• . .. . . - . .. . .. . . . . .. . . - . •. . . . . - . . . . ... - ... ...•• - .....• • - .... . ... - . . . . . .. 1~1 -109¾ 108¾-107¾ 103¼-108¼ 108;4'-106½ 107;4'-106½ 108;4'-lfi½ 111¼ - llO 'i 109 -107¾ 89 - 8•i½ 99½- 8~½ . •. 85½- l:14)~ 8-1.¼- 84¼ t7½- 1-3 . .. . ... . . - . . .. .... 104;4'-103¾ 106 -104¼ 106 -106 106½-106¼' IO J¾-106¼ ·04 -103 10.i -103 104 -103½ 103¼-l V3¼ ... - . . . .... . ... . ... - . . . . . . . .... . . .. - ... . 104%-101¾ 105 - 104¼ 106¼-106¾ 107 -106½ 103½-103½ 103¼'-102,½ 101¼-103½ % 101½-Illtl¼ 101 -101 104),.(-103 103,l,4"-103¼ 103¾-102¾ -102 103 -101¾ 102 101¾-101 1~0 -11!} 117 -116 118 - 118 11!:1 -118 11\l -118¼ llfl¼-117½ 12 1 -119 117 - ·16 105 -104½ 107 -104¼ 107¾-106¾ 107¾-l0i% 105¼-10,_½ 104¼-lOt¼ l07 - 105½ 107¾-107 2 -- :jf :1i2~ 10'1 -102 !0-i -103.½ 0 ¾-104:1,£ 106 -IOi ilO -109 108¼-108 99 - 98 0 8¾~8¾I(,() .. ·:6¾!:-6¼S •.. .. .• - 9is,_ 90 93½- 8:3 102¾- 99 102½- 98¼, 103 - !.19½ 103 - 102¼, . .• - ... 100 - 96½ 100¼- 99¼ 100 - 98 101 -101 .. .. - . . . . . . . - ... . 91Ji 10!.½- 98 102¼,-102¼ .... 114.½-113 115 -115 •.•. 114¾-114½ ,15 -115 8 :¾ 97 97 . . •. !l.'i 96 0 ii4¼=1ia° 104 -103 106;4'-105.l,i 104 -102¼ 100' -lO'i 100¾-109 103¾-103>-4 \J'.l¾.- 9:l iif =liO.½ 104¼-103¾ 107½-lOJ¾ 101.¾-10!¾{ 110 -107 ¾ 112 -Hl!l½ 11 9½-108¾ 1()0 -100 1i:3¾=1i3° 104 -103¾ 107¼-lOi 105 -104¾ 106.½-104¼' liO -108)§ 107½-107 ... - =s~· · ::::: ::: : .... : ::: : lOH-2- 97 93¾- !JO 9:J.ii- 97 ~9 - 9:3!{ 103Ys-10:-J7a 99 - 97 100 - !H -103 111¼-ll'½ - ... 93¼- 9> - . ...•. - . . . . .. . - . . . - !)i.J 92 - 91 93.½- 93 99½- 98¼ 101¼- 98 101 - 99 100½-100 .... - .. .. 102½-102¼ IOl¼-101 ¼ 103 !1-H,2 101¼-101½ 103¼'-101 .. - .. . ..... - . ... 103¾-102½ 103 -103 .. 116 -116 116,a-1~6.¼ 9t - 9'? lOH( 101 101.¾--101 . ... ... . 103½-lOi¾ 116 =1i6 107 -Hl ¼' lOd¾-105¼ 10.'i¼-105 •.•• - ... . 110 -103½ .... - .... 100½-1<,0¼ 100),(-100¼ 1iii" =li5½ .::: 103¼-lOJ !04 -102¼ IO~ -105 106½-105 106½-105½ 104 -102 107 -107 109 -108 10 1¾-10'.½ 1t0½-l1 11 107½-105 109;4'-108¼' 100½-100¼ 100 - 100 i i6i(=1ii; "" 105%-104¾ 108½-107}4 105 -105 108 -107½ 110),(-110 108%-108.% 110 ..•• . .•. ..•. :09.½=109 . • t04 -1l•2 102¾-101~ ,05 -Jul 106¾,-106¼' - ...• 111 - 110 -10:l¾ 104 91¼'- 91¼ 87 - 80.½ 43 - 42¾ 68 - 1o8 i7 - 76 111 -109½ 92¾- \•1 105½-105¼ . . - .. . 105 -1001.i; 101¼-' 011/4 117 -116 103 - 107¾ si"" .... =.... 81 = 100¼'- 9:) 1, 0 - 97 fl9 - 86 91 - 92 9;· - 9-1 97 - !!6 !)3 - 96Ji 97 - 95 ..• - ...• . -10::l 110 µ4 - 94 96¼- 95 9 ,½- 9J½ 94¾- 93½ 112 -111¼ .. .. - .. . . lOIJ¼- 97¼ 100¼- 9:l~ 116 -116 114½,-114½ . . .. - ......•. - .. .. = :: :: l~;¾=l~g~ l~g~=1~!¼ 105 -104\,-2 105 - : 05 107¾-106¾ lOi½-107¼ 104 -10 '¼ 110~½ -103¾ 110 -109½ ·106½-106¼ 113 7~-lll 11 10¼-110 110 -JO!l½ 108 -108 101 -100¼ 1104 -1011i 65 RAILROAD BONDS. Prices of Railroad Bouds for 1871!-(Concluded) . ,JANUAR~ . FEBRUARY JULY. JUNE. APRIL. MARCIi. AUGUST. ---- SEPT'11rn'n OCTOBER. ~O'\'EMBER DECEMBER -- -- ---- ------ BONDS. - - - - - - - · - - - - ----1 - ·- - - - - - Hi 6h.Low High.~ow. High .~ow. High.~ow. High.L ow. Hig~.Low. Hig~.Low. High.Low. H~gh,::ow. High.~ow. Hlgh.~.ow High.Low. 95 - 91 • . . • - . • . . . •• - . . • . • •• - . •.• . • - . . • . • .• - . . . . . . .. - . . . . . .. - . . . . 9t - 90 - .. . Erie & Pit sb ,consol. ••• - .••..•• - .... Gd Hou-t.&H.,7s,Ji d 79 - 77 . ..• - :::: -~() - 80 Gr.Rap. & Ind., 1st, ' t,9 . . • - . . . . . . . - . . . . . .•. - . . . . . .. - . • . . . ... - ..•• ni~~&g~~~:r::s;:co1~~ Houst.& Gt.N.,7s,ctf!' Conv. 1<1:>, 1691.. . . Illinois CentralDnb. & S. City, 1st. 2,1 Div.. . . . . . .. Ced. F. & Minn, Isl Ind. lll. & West., 1st. . sf ·s,;-~,= 85. ·i17,;= 86 ... 85¼= sf. ·r>ii = 85¾ 96¼= 57¾- 57¾ 50 - W .• •. - ..•. .• •• - .... ... - .. . .. - .••...•• - ... . . .•• - • .••.••• - .••. . .•. - ..•. .. .. ..• 105 -105 83,¼- 83½ 85 .•.• - ......•• 0 fo!:~•u~iL~js:t~~,19ii :::: = :::: 1 ·t, 7>', cer 1f s . • • . . .• - . . • L. Sb.ore & .M. S.M 1ch. 80. s.f.,i:: .... 111 -1 10:,( Clev. & Toi. skg. fd IL9½-10J ... .. . . New..... .. . . Cl ,·v. P. & A., old. 101 -101 . ... . ... - .... N •iw...... J:uffalo & Erie. new l09 -109 BUJf. & State L1 ., r;-s . ... - . . •. t:t:o'!.I-t; ~t'.~~ i07Y.-101¼ Lake :-3hore d1v'd ... 10 '¼-103>,I C,ms. coup .• ht .. l09¾:-iO'.~ Cons. reg., 1 t.. 0!•¼-109½ Cons. c, ·up., 'id •. 93 - !J7¾ Con~. reg .• .rd .. 98 - 9ti¾ v~v.& N.,con-<.7s,'93 . 10!½- 1ma4 21, gold, '83.. •.. . 81 - rl4 Lo<1g Isl,.nd, !st., '93.. 9l - !J;;I 0 - .... . ••. - ....•••• - .. . 106J,-105¾ - 84¾ ~5 - 81¼ 90 - .. .. 18 - 18 ' •••. •: :; '• t ,• I - ......•• - ..•....• . .. . - .. 92½- 86½ 91 - 90 - .... . ... - ..•...•. - .. - . . . ..•• - • ••• •• . .... 101¾-104¾ ... - ...• 90 - 87 - 89 ::-,9 00 ......• - .... 23 - 2-3 =•::: ... . =:::: (i5 - 65 ·::• =:::· . .• - ... 106 -105 88½- 8~½ 23½- 23½ 2 101 -104 106 -106 89 - 87 25 - 24 1~~ " ' ~~= .::: ~I I ; I . .•. - .••• . . .• : 90 90 W - 30 ,, .6i½,= 63½ = ::: ~~~ ..•• - .... . ... - . . . . 63½- 63¼ 71 - 64 1n9¼-103 1C9½-109¼ 109,¼-109½ 110 -109¼ 111 -110 111 -110¼ . .•. 110.1,(-10:l½ ~--· - . . . . .••• 110¼-l~O¼' . . ...•.• - ....... . - . . . .. - •••. 1118½-1•"8½ ... - .. . . . . . . .• . 102 -102 . ... - .... 103}!f-lf3¼ .... - .. •. IO, -105 . .. . 110½-110½ 110,½- 1 10½ 111 -110;,4 110 -110 111½-•11¼ 110!,i-110 110½-110½ .... 111 -110,½ lll,½-lll.~ 111 -111 111,¼-lll½· 111 -110 . . ll2 -110 I04¾-104¾ •· ·· - ... · ·••· - · . .. · ··· - · ·•· .. • - · · ·· ·••• - .. •· - .• •· ioii· =1oii" 108,½=107 ... (J!). =109·· lio½=l!O½ . .• . = :::: :~ :1:J,( • ••. 111 -10'.l .. .• - .... 111 -108 110 -109 U 1 -110,½ . . . . 110 -110 113,½-113 -112~ 111 -112 lU -110¾ 112 . .. .. 112),.(-1!0 110,¾-l iO¼ . . 112 -111 !10¾-110 lO!l)r(-109 110,½- 09¼ l11!.('-109½ li3 -111½ 112 -111 ... . 9 ¼- 95¼ 100 - 98¼ IO-:l¼-100 l00¾-100 l02½ - 100 103J,4-103 105 -103 ½ 106 -106 98½- !Jti 100 - 9i¼ 10:l - 99 ,00,½- !J9 102½- 99 IO;l -102¼' 104 -104 107 -105 105½-105½ 102 --101 103½-101¼ '01¼-lO l¼ 105 -104 3~ 106- 105½ !03 -107 104¾-104¼ 87¾- 87,½ tO - 89¼ 87½- 87 88 - 87 8:3¾- 8t:½ 88 - 88 90 - 89 "8 - 81 . .•. 1.01 -101 101 -101 .. .. - . • •. . •. • • •• - •••• • ••• - • • • .. •• - • • .. 99 - 99 111 -110 ¾ 112 -110¼ 110),.(-llOM 110½-110;11 . .. - . . . . . ... - •• 10:~ -103 ••• - ,, ,. " t I iX · ii0,¾=1iO,½ lCM,½=104 .. 110 -109 110,1,i-109,½ ll ·• -110 97¼- 9:i 9 7 - !J6 107 -102¼ 89 - 88 . , I , . ., ... = . ••. · :: • = ..•. ·••• = •••· .55_¾= 55).$ ... 60 - 60 58 - 57 56 - 5b 56 - 56 58 - :, . ■■■■■.:■·· W~(-111 110¼ -110,½ . .. . . .. l03 -103 •••• - .••. •.•• - •.•. •·· - •· • 106¼=10fi¾ 107 -107 .. . - . . .. :18~ 108¼-108 ..• - .... 107¼-107,¾ l 4 -JOI 10:J,¾-109¼ 111½-111¼ ·••• - ·••· i09¾=109 110,½-110 115 -1 •3 106 -105½ 1115¼-lOl¾ 104¾-104 90 - 87 . ... - • •. 11() -108~ . .. - ·;.·· 108,Y.-10, ~ ..•. - . .. 110¼-110¼ 111 -111 · · ·· · ioi," :109·· · 110½-110¼ 114 -114 113¼-113 104¾-104)( 101"-103 105 -104 91 - 89¼ 100 - 98 ····1 ~~. ;i"tfso :::: - :::: :::: - :::: ·::.:: :.:: ::::: ·:: .:::: ·::. :::: =::: :::: - :::: ico": 99· · ::::: :::: : :·: = ·::: ·99· =99 ... ~ \ : ::~~)t~~lc~~ Mich. Cent~, cons., 7~ 107 -105¾ 107 -106½ H'S¼-106¼ 110 ~'2 -10'½ 109.!i(-107 110½-10)_¾ 11.2 -111¾ 112!,i-l!l 112 -111½ 115 -113 lll¾-110¼ 112 -110¼ O!l¼-lO!J lO!l¾-109¾ . ... 112 -111 108 -108 ..•• 111¾-109¾ ll0½-109¾ 9½-10!l l at.8•.1882. s.f . . . . 112 -112 111¾-111 114 -112¼ 10\l¼-108,½ 1U 53¾- 42¾ 55¼- 47¼ 40 - 39¼ 41¾- 39¼ 45½- 42 q4 - 42,½ 41¼- 40½ 42 - 40 1\1: n. K. & 'l'ex.,a,n,ent 45½- 44½ 43 - 42¼ 41 - 40½ 41 - 41 19¼- 14¼ b¾- JO 10¼ l\ 10 ll •••• . .•• 10 10 !J ~ 10 10 13 .. .. . .. - .... 12 - 10 2d inc., 191 l. ... .. . . . . 97 - 94¼ . .. . . ... - .. . 9R¼- 92½ 92!,(- f,0 ..•• - •.. . ... 6 - BG 5¼- f-'5 84 - 82¼ b2 - 80 ... - .. Hrn. & U. Mo., ht. 85 - 85 · ¼-100¼ 10 100¾-100 99¼ !19¼100¼-100 rOJ,(-100 l •. . .• . . -101 l01 -lOJ 100 9H~ 100 95¼- 95~ Na; hv.& D ec . . l st, 7s 92¼- 92~ 95 - 95 !:18~- 98 100 -lOiJ 100 -100 l00¼-100 1Ul -100¼' 100,½- 100)£ !00¾-100¼ 101 -110 97¼- 97 Nash C.& St.L.,1st.7s 89½- 87M 91 - 90½ 91¼- 9:J 104¼-lOt IOl¼-lOd¼ 06½-106 1 -105,½ 06 105,½1-lOi½ l05),.(-llA¼ 10-l¾-103% 103¼-102¾ -105¼ 106 -104¾ N. Y. Cent. tis, 18e3 .. Hi5~-10,¼ 105¼-104¼ 106 . .. •••.. 1041,(-104¼ 106½-105 ~·• 106 -1V5¾ !Oo½ 106½ 107.J.4-106½ 107,½-104¼ . .•• - . . . tG6 -106 107¾'-107¼ 107.>,i-107¾ .... - .. . . 105 -104¼ 6.➔ , 1887. I03,½-103½ .. .• - . . .. . .. - • . • . Ot -104 . ... - . .• . . .. - .... 103 -101¼ 104¼-104½ !04.¾-1 1!4¾ . (3s., re11l estate . . . ... ... .. . lOt½ - 104½ 103½-102,¾ . . . . .. 104).5.-103¼ .. . . 10> -104 104¾-104¾ 105 -105 l03,.½1-103½ I0:3¼-10R¾ . . . • ti8, i,ubscript1on .... 104 -103 -121½ 122 -120½ 118¼-118 7' 118½-118 119¾'-117½ 119¾-1 191,( 120 !,£-119¼ 121¼-120~ 121 -119 120 ¼ -11 19½ - 118 120 N.Y.C &H •• l i,.t,cp. 119 -11~ -120 121 1~ ', 1eg.. ..... . . 119 -117¼ 119 -1!9 1 8 -l i8 120 -1!9 ½ 121 -120 . . . - . .. 118¾-118½ 118!,i-lli¼ 118 -117,.lg 119¾-118¼ 119¼-119½ .. •• - ..• .. - ..•. Ht1d. Riv.,2d s.f.7i, 112 -109:¾ 111 -111 112,¾-112 113 -11:-i 11:'l¾ - ll.!½ Ill -114 llll,i(-11 . ... 121¼-121),.( .... - .. . 121 -121 . lfarlem, 1 t, 'i1:1,cp .. 120 -119¾ 120 -119¼. 12l -121 t t ; -1 21¼ 119¼-!18 120 -119 !,( ' 20½-120½ 121 -120 - .... 118½-118 120½-119¼ .... 120),.(-FO¼ 120,½-120 -120 l21 119¼-11!1¼ 119¼-lH 121¾-12!¾ 1~0 120,¾9¼-119 1 7~, registered .. .. 1~0 -119¼ 92½- 88¼ 99½- '90 104¼'- !l7 S r½- ~6¼ 91.¾- 85 80 - 79½ 90 - 79 , 8 ' ¾:- il 80 - 80 81~- 80 83 - 81 N.Y.Elevate,1,1st.l!lC6 bl - ':'O -104½ 107,½-105 107¼-106¾ 105 104¾-102% 01¾-104 I0.5!,i-1L'4¼ -106% !OS -104 JOi 104½-101 104¾-10'.3 ¾ North .Mi --curi, l Rt .. 102¾-101¼ 1031(-10 93½- 97¼ 101.J,ii- 99 ·03 -101 105 -1 ' 3 103),.(-101¾ Ohiu &; M ., c ,,ns., s. f . 100½- !l!!J..( !l'/,¼- !l5Ya 9 .½- 9ti½ !19¼- 98½ 100 - 97,½ 102 •-., - 100½ 99 - '9S -100¾ 104¼-100 10:3 -100¼' 103 I01.!i(-100 !J7½ 98¼98 08¼101½-100¾ 97 100¾98½ 99 95½ 34;9, 95¼ 9i;¼Uou ~olidated •.••.. 100 - 97 i4½- 71¾ 67 - 63¼ 70 - 6-'3¼ 73½- 69 5ll - 57,½ 65 - 59 60 - 58,½ 60½- 08 63),.(- 59 57¼- 50 54 - 52 2d c onso li dated.... 57 - 5~ Pa-ciric R.1,i lro ud s-107¾ 108¾ Central Pac., gold .. 105¾-103¾ 105¼-104½ 106.¾-105¼ 106 -107> 108½-105¼ 108%-107¾ 106¾-105¼ 106½-105¼ 106%-105¾ 106¼-106 107¼-1Cl6¾ 91¾- 92 93~a- 92¼ 9fl¼- BH•4 !l2½- 9c, !il - 85¼ 91¾- !lO¼ !H - 91¾ 93¾- 92 86 - 85 SanJoaqum br'l!. 87 - 84½ 8 6¼- 8 > 89½- 86 93}( 96 9~ 9!1,¾92,16- ~0½ !Jt¼- 9 ½ !J2 - !Ji½ 92 - 90¾ !J:JJ,(- 9~ 94¼- 87 87 - 86 Cal. & Orc~on ht 85¼- 8l ½ 84¼ - 8,J¾ 87¼- 81 . ... 92¾- !-2¼ 95!,.(- 93 !161,(-96¼ .... 96 -9 5 - .... !l5 - !13¾ !Ii½- 95 L and~ra n t . . . ....... - .. . . .. . - ........ - .. ..... - . . 105,¾-104,',{ 104½<04 -101¾ We•tern Pac bds. 101 - 9J 102 -101 103¼-101½ 10:JJ,;(-102¼ 103 -102½ 105 -103¼ 103 -102,-4 10'2¼-101¼ 103 -101¼ 103 95 - 94¾ . .. . 94.)(- 1,4 .. . .... - .... .. . . . ... - ..•. ... . 9! - 91 9:3 ¾- 93 . ... !H - 93 ... . ... .... . .. S. Pac. of Cal., It . .. Union P1tciflc, 1st .. 10 l¼-103.¾ 105¼-!0t¾ 107¼-105 ',( 106½-105 108~-ll•6 10 ➔ ¾-l ll7J.( 106.)(-10.3 ',( lr6!,i-103¼ !06½-10,5¾ 107 -10o¼ 107¼-106¾ 109 -1(\7¾ Landgr:mt . . .... 104½-lOJ 104 ~-lO t t06!,,(-l0I ;.( !037i -102)1 IO·i¼'-IO:l¾ 101¼-106¼ 103,\1-10 7!,4 106¼-101¼ 107¾-!15¼ 106 -104¼ !06½-105,¼ 10)! -106¼ Sinkiiw fund.... . 96 - 4::l½ 97¼- 95,% 9-5½- 92 1/a 9o - 93,½ 100½- 95½ 103 -101 ¼ 10!\j,i-100 !04 -102¼ l (lil½- 99½ 101¼- 99½ 103½-lUl ' 119 -103¼ Pacitic o?Mo., lst .. 10l -101 100 - 9:J 102 %- 9'l½ 101,%-:0 i 103 -lfll,l,,i 104¼-103 ~ 10ti¾- :01¼ 102¼-101,% 103¼-102¼ 104;,~-l, 2¼ 101¼-104 105¾-104¼ 99.)(- 9\¼' 100 - !JS l•JO - !16¾ 9!} - 96 100 - ll9 100¼,- 98 103 - .01 104 -103 93½- !J:J 88 - 86.¾ 92 - 89 2d moi' tgage . . ... 8~½- 8i 85¼- 83¾ .90 - Si½ 91,-~- 8~¼ F-4¼- 83 85 - 84 82¾- 76J,4 87 - S ·X 84 - 82 79 - 73¾ 77¼- 7o 74¼- 73 South. Pac. of Mo .. 74¼'- 73 ... - ..• . . .•. _ .••• - . .. 104 -104 .... - ......• - . .. .. - . ... . ..• - .... . .. - . ... . • - •.. Kans.Pac.,lst,6~,'9:i ... - ..•. 104,½-1C4½ .••• - •... ,QS¼-107 - .... ::. - ..•. lOJ -lOj • . lstd ,.,coup. ctf-s . ... - .••...•. - .... • . - .• . • _ _ .-. .... . . . iOO¾-!l~·.:::lsttis'~u ..•.... ••. - .......• - •.. . ·.:.-: .. : 8:J -80 1 1 ~~ i~¼= . ....... _ . ...•..• - .. ,8 . . .• . . . 78 . . . . .. .. .• - . .. . . .. - . .. . . .. - . . . . . . . 7s, R .&L G.D.'99 . . ... - .• . . .. - ....... - . . . 7s~L~~B::~~t·.~irs: ::: = :::· :::: =:::: :::: =:::: :::: = .::: ::::::: :::: :::: =.::. :::: =..:: ?\ ~~~ ~~~~= ~~~ i~~¼=l~i,~~~= 11~~~~~;1~~~.~~~ :.:: -:::: ·::: =::::--:: =:::: :::: =:::: :::: =:::: :::: =:::: ::: : :::: :~~~= ~~~ ?~= ~t .;~. :::: :~~~= ctfs ..•......• - . ....... - . .. . .... 1,1 - !3¼ Jnc.cp.No.11, 1910 . . .. 15.¼- 8½ No. 16, 916.... 9¾- 8 2d, income . . .• , . . . • - . . . . l i - 12¾ Pennsylvania RE. Pitt~. FL. W.&C.,lst 1181,(-117,¼ !18½-118 2d nl'.> •tgage •. ••. 111 -110 ll t¼-111¼ 3d mor rgage ...... 106 -10,i IOii -10ii Clev. & P.,con., s .f. 110 -llO 110¼-110¾ . ... 4th mnrt!{age .. ... 10/i -101¼ . .. 32¾- 31 J,.; Col. C. & I. C ., 1st.. ;~5 - :-1 2 8½- 8½ 2d mortg.lge ., .. . 10½- 10 . - .... Rome W.&Og.con,lsl ' .• . - .... ::it. L . & I. Mt., ht ... 106,¼-10* I0-1¼ -103¼ COllp. st~t~lt/~;~·Ji:;;si ··:: · ·: ioi" 2dpreferred..•.• . . 83¾-85)9' r-5 69 2dincome .• . • . ..... 70 - 68 Bellev. & So. Ills, SE •••• - . • • . • •• S •.L.K.C.&~,r.est .7• .•. - .....•• St.L.&S.F.,"A." 1906 .•• . - .. . ...• 2d, cias:i "C,'' h06. 2d.ct9:ss "R,"1906 . .... South :::;1de, 1st, 7s .. .. 38 - 38 .. .. Texas & Pac ific, 1st .....• - ........ .. .. 18 ¼18 ..• . ....... - . . 14,!,.( 16½- 15.ld: ~O 20 19 - 15 11 . . • . . . •• - . . •• . . • • 119 -11 J.( 113 -112½ !Oi',½- 105 110 -110 105,½-10:;¼ 35¼- 31 8¼- 8¾ 40,';{ - 40 105 -104 · •·• = ·· iio· 85 -81,x; 8 { iO 69 - 67 - ••• . ••• - - . . • • . •• - . .. . .. . .....•• - - .......• .... 13 13 13 . . . . . •. . - . ...•.. ... -12 10 - lJ - .. . . .• - ........ - . . . . ]8 - .. lfi - l(¾ .... 17 - 13¾ 15 - 10 - •. •. . •• _ . . . . . ••• 119 -118 120 -ll!l½ i1!lJ.L-118½ 114 -112½ 115,½-l 15½ 115,½-115½ 110;,i-110 lla -113 115 · 114 . ....... - ........ - ..• . ... 107 -107 105¼- 105 106,½-106% 41 - .;3 45Jo- 38¾ 45¼- 42 H¾- rn .... - ... B½- 13½ 32,½- 30 32 - 32 35 ..; /l5 109 -108½ 104¼-I0.'3¾ lOl¾-102,½ 74 ·::: = :: . =1io· ,11 =-iii .. iit½=1,2· · ::: - · : :: 1t~.l{=1g~ 65 -63¼ t O -60 70 -5~ 89)1-81½ 83½-6,5 - 87 30 - 30 25;!1'-19 25 - 23 li4¼- 25 62 - 61 - 67 - 96 96 .• - . . • . - •••• .. •. - • • • • 90 - 90 - ... . ..• - . . ...... - . ..••••• - •.•. 83¼- 87,½ 86 - 86 •.•. ••• . •• ....••• - . ... . .. . - . ....... - ........ - ........ - ..•....• - ........ - ••• . 120 -11!! .!,i 114 -112½ i05 -10!½ . ... - .. .. 10,i),.(-105¼ 37¾- 35½ 14 - H 38 - 36 104 -103 =107 -85 - 69 ...• - ... .. .•• - .. - 18 - 16,¾ iS¼- 13·· 13 - •. •• . . . • - . . . . •. • 121 -l1 9j,~ 1141/a-1 14 IC5,¾-1 (.5 110 -110 107 -106 44 - 37½ 16¼ - 11 37¼- 37 109¾-104 :I( 121,½'-120½ 116 -115 :11 -107 . . . - .... 103 -103 42½- 36 13 - 12½ 32 - 31 108¼-106¼ :f~1:~·i·i~t;i;~1>·. ii : : i: :::: =:::: . .. - 0 ::: : :::· ·::·: :::: ~~~= ~~ :::: =:::· ::::: :::: :::: =:::. ·gs·= 96. f:tt, W.D . ....•... 86 :::8:i :::::::.::: 2f=26 ::::=·:::.:·=·····24·=2 ,i"°····=···· ···=···· 95 :95 .• - ..•.••.• - •.••. ::: - ··:: :::: - :::: 95 - 94 ~u~~~~[~~ci•ii:.'n·. : ::: - ::: ...•• - •••• . •. • - .•• ..• . - .• •...•• - .••. 94½- 94 W. Div . . . ..•........ - •......• - .. ...... - .• . .. .. - ...•• .. • - ..•..... - ..... . .• - . . . . . .. - .•• .• - ........ - ... . .... - .... 20 - 20 Consol. Rec't . ... . . .. - . . . . ..• - ..•. . ..• - . ... Tol.& W .. 1st. ext ,ex 103,¼-10I½ 101,½-lOJ 100¼- 99 W2 -100 :01¾- 97¾ 101¼- 99 10~¾:-101,¼ 100¼- !l8¼ 103¼'-lOJ¼ !13 -9 :J 85 - R4 1 t8 -87½ 89 -F8 - ... 90 -!JO 00 -90 lstSt. LouisDiv. 87¾-R1½ 80~- 75 7•1¾- 70¼ 75,½- 72¼ 79 - 74X 75 - 7~ 75 - ·72½ 73¾- 69,½' 75¼'- -;J 78¾ - 7i Ex:couoon... 89 - 88 90 - es BJ¼- 8-3¾ 90 - 8~ 90\(- 8'1 2J mortg>tge•..•••.. 85 - 8l½ 8ti¼- 85½ 8 ~- 82 - iO 75 64 6:5 69 - 60 7'0 - 61 73¼- 70~ 75¼- 72¾ 69½- oo 74 - n Ex: coupon •..•.• ; IX- 70 - 1•.1. . ·1·1·· 11 1 __ 1 .. ·•• • . -_ ·.·•·.· ' •~= 50;·;; 1.0.• -_ 10 '50 .. - .• - .. .... .. - ... 10¼ 'Rquipment. . ... .. . . 10¾• . . • .. ,v , ~ 5'l ~s- 5-1 52¼- 52 57 - 55 Consol. couvertible 56 - 5 ·, .... ... - .. .. ... 41½- 40½ 41 - 40 .. - .. . 41!,€- 42 41 - 4:J Ex coupon ..... 43 - 43 99 - 9d ½ 102½.- 10i Gt. W, l st,'88,ex cp i0.-3 - 98¾ 100 - 98,½ 99½- 98 100½- 9i 100 - 97 101 - 9.J¾ 102 -102 85 - 63 85 - 82 81¾- 80½ 82 - 82 2d mortg,1ge, '93.. 80 - 79 67. -63 .. 72. -67 . . .. -66 '57' .. -6."> 67¾-ti5 69¼-66½ 72¼-'lO 6\J,¼-61 •excoupon . . 69 -b7 .. 8"1 - 88 Quincy & T .. lst,'9~ 81 - 81 7i _ 80 _ ~o ·76¼- 76 ... ::: _ .... 68. _ 68 .. 67,½'- 67½ 72 - 6f ·1a' _ 73 1st. '90, ex c oup . . 75 _ 75 - ... . 80 - 80 - ... . . .• - .. ..... - . . .. . .. . - ... . - .. . 82 - 8.2 Tlls &So.Ia.,1st,ex r b3 - 83 -109½ 110 -110 UO 105½-108¼: 108¼-108 West.U.Tel.,cp.,1900107 -106¾ 103 -10.; IO'H(-10:1 103¼-103 10,5¾-105½ . . 106~ -lOi½ 10~ -103 10;11/.- lOi !,( 1®½-109 110 -110 reO'istered .... .... 107 -106 107),{-107½ 108 -1071/, https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis ~~~1:~~:'= ~~¼ 18 . . -. 14¼ . .. . 121,¾-12[ 1i7¼-116¼ 109 -107¼ 111¾ -110 107¾-106½ 57 - 52 17~- 15 301'- 30 109,¼-10? 109· =1os .. 67~-67¾ 40 - :H YO½- 90½ ... . ... . 88 - 85¼ . .... .• . - 50 53 .. . . . . . 22¼ 30 - 25 .... ···• 3'i -30 ·25¼-25¾ ·25:i-25~ .... . ... - . . . . . • . - ..•....• - •• • • . .• - • . .. . .. - . . . . 118,½- !I~½ 95;.(- 90.. t!O - SO ... . •••• •• .• .. • . . . . . . . .••• - •.•...•• ........ - . .• . . • - ..• . - ...... - .. ..... - ....... - .... .... - ... ····1···· -- ....... . .• .. . - .. . . 1za -119¾ l16½-116 107!,i-107 113),.(-113 . . .• - .... 57 - 46 18 - 13 3 J½- 30 I06¼-1u4¾ _ :¾ ·es 1io· -1oo ?i 66¼-li3¼ ;o - 26 91 - 90½ 85¾- 84,½ 0 22¼'- :'.::: :: .. ·::: ... 14¼14¼•••• _ .. 14¼ 13 •. 121¼-121¼ 118~-117~ 109½-108 112!,i-112 109 -108 61½- 67 19¼- 17~ 32 - 80}.( 109,¼-lO!J iio" :::110 86 -86 45¾- 38 96 - !16 89½- 88¼ - .32½- '30 35 -32~ - ·ga· - 95 =··· :::: =:: ····=········=···· os.1,(- 9s·· 9;· - 25 =25 100 - rn¼ 94¾ !-8 - 94 100 - 91'>¾ !J5 - 94 _ .. ...• - ........ _ .... 104½-101 lOti¼-101¼ 107¾-106 • • - .... . .. . - ... 87 - Si¾ 81 - 82 ill - 88,¼ 100 - 9:1½ 78 - 70 75¼- 71 ,;-; _- so·· 72 - 60. vv 62 - 54 4-3 - 42 10·1 -101 105½-104¼ Ht¾- !JO 85 - 86 7ci¼-70¼ 75 -70 75 ·so·= 80 .. 87½- 81½ 80 - 80 111 -110¼' l1l -lu7¼ ... .. - 7f.l 75· _ ... - . • S!l½- 87 100 - 973' 80 - 7~¼ 8 - 8 72 - 70 60 _ 5i3' 106 -105¾ 98½- 97 79¾-77>{ _ 80 _ \'.ll - 89 110 -108¼ _ so 66 RAILROAD AN.D MISCELLANEOUS STOOKS. RAILROAD AND MISCELLANEOUS STOCKS. A gr atly in cMased activity in speculative stock ,o peration~ was one of the natural results of the paper money era which commenced in 1862. 1n 1860 the number of members of the New York Stock Exchange was about 250, and in 1877 it was near 1,050, and the number of brokers not membe.rs of the Exchang-e i.1 proportionately much larger now than hrruerly. Io 1860, stock dividends had hardly been heard of, and many of the best railroads in the country were barely able to earn 6 per cent a year. Ia the whole list for 1S60, given below, there are only Rix: railroad stocki;i that sold up to 90. Then came the war and the issue of ,z-reenbacks, which stimulated business of a11 ki nds, and that, with the rapid settlement of the Western States-under land-grants and the homestead laws-began to increase immensely the East and West railroad traffic. The histoTy of the progress of many of the leading railr0ads and the distribution of large stock dividends has since become familiar to all. The next step was the great increase in railroad building, culminating in the crisis of 1873, and followed by a St-Vere depression in railroad traffic. The highes t point• in railroad stocks was r eached in the years 1869-70-71, and since then the main question has been as to the ability of companies to keep up their annual cash dividends, or even to meet their annual interest and rental charges and keep themselves out of the hands of receivers. A. serious blow to a 'Particular class of railroads whose stocks had ranked among the best of invest~ _ ments-the coal-carrying roads-came with t h e large decline in anthracite coal. 'rhe general depreciation in values and unprofitable results from nearlt all kinds of business led inevitably to this reduction in the price of coal, and as the coal- carrying and mining com·panies had been constantly i ncreasing their capacity for production by an enormous outlay of capital, the diminished profits from their business rendered. the annual charges for interest and rentals so heavy a burden, that in some cases it became insupportable, and the companies went to default. · · Investors, in taking a review of the course of prices of railroad stocks for the past fifteen years and the wide variations in the p·ercPntage of annual dividends they have yielded, are naturally inclined t o look for the causes which have produced the results which they observe. The experienctl of the oast-too often, indeed, a bitter experience-is thrown away unlef!s it furnishes some information for guidance in the future. What, then, have been the most fruitful sources of financial embarrassment with our railroads, and how may the holder of railroad stocks protect himself? In reply to the first part of this question, it may be said that the most common of all difficulties with railroad companieR has been their reckless increase of debt, in one ·:torm or another, which they have been un able to carry as soon as their earnings were temporarily affected by decrease of busineE>s or rates. 8 (•cond to the increase of direct debt, has betin the tende ncy to lease branch or connecting roads, with a guarantee of interest or dividends far beyond the capacity of the road to earn. Under the system of foreclosure and extinction of stocks which is in practice in the United Sti:.tes, it is evident that stockholders can never be absolutely safe so long as their companies have a large debt ou tstanding. They should have, in order to protect themselves, a larger voice in the creation of all sorts of debt obligations o.:r annual charges for rentals or otherwise; and possibly it would b e well to adopt l!lomething from the English custom of making debts 'a charge on the income of a r ,1.ilroad, and not permit foreclosure, which wipes out the s .ock. 1860-In 1:::60 several of the now leading stocks were selling at very low figures. New York & Harlem in March sold as low as 8; Michigan Southern at 5, and New York & Erie at 8. Delaware, Lackawanna & Western in January sold at 54. Canton in December got down to 14, Cleveland & Pittsburgh in March down to 5. 1861-62.-In 1861 the market was generally better, but in 1862 the improvement was more marked. Pennsylvania Coal and Delaware & Hudson Canal reached 119 in December; Erie, 77¼; Harlem, 23½; Delaware Lacka.wanna. & Western, 130. Prices CroDl 1860 to 18'78 , Compiled 1rolll Sales at the New York Stock Exchange. STOCKS, JANUARY. FEBRUARY MARCH. APRIL. MAY. I JuN11:. JULY. AUGUl!!T. SEPTEllIB'R OCTOBER • .NovEMBERIDEcEJ11BE1t. Low.High . Low.High Low.High. Low.High. Low.High. Low.High. Low.Hi~h. Low.High. Low.High. Low.High. Low.High. Low.Hlgh_ I -- 1 1860. Canton Compt\ny .. , Penn. Oval Co....... Del.& Hud.Canal Co. Cumberl'd Coal pref. Pacilir. Mail SS. Co N. Y. Cen t. RR. Co.. N. Y. & Erie RR.... Hud~on River RR... :Harlem RR.......... Re.1ding .. ... ........ .Michiga n Central .•. Michigan Southern.. l'anama . ........ .. .. IllinoisC. scrip st'k. Cleve., Col. & Cin... Cleve. & T ol edo. . ... Chicago &Ro kls . . Ghic.,Burl.& Quincy New Jersey . ..... . . . New Jersey Central·. Del., Lack. & West.. 16¾ 8-1½ 94¾ 16½ 78,¾ 75¼' 9 42¾ 8¼- 9¼ 36¼- 42¾ 35 - 33 6 - 6½ 125 - 131½ 55¼- 58¾ 6~{- 7 88¼- 95 19 - 20.½ 61 - 63¼ 40 - 40 ..... .. .. . 98 -100 54 - 54 ~:~~nc~~rg~~~:~: : ~~¼= ig Cleve, & Pittsburgh. Delaware & Rud.Co . ()nmberl'd Coal pref. Pacific Mail BS. Co .. N Y. Cent. RR. Co. N. Y. & Erie... . . . . Itud~on River RR . . Harlem RR.......... Heading. ... ......... .Michigan Central ... Michigan Suuthern .. Panama.... ..... Illinois C. scr!.p st'k. Cl eve. & Pittsburg.. Cleve., Col. & Cin. . . Cleveland & Toledo. Chicago & Rock Is.. Chic.,Burl.& Quincy New Jersey • ... .... .'•lew J ersey Central. Mil. & Pr . dn Chien, Del., Lack. & West. 1fi¼81 89¼13¼74 71 ¾8¼41 - 85 - 92 8¼- 9¾ 81¾'- 94 75¼'- 82¼ 81¼- 40½ 44 - 49¼' 15 - 16,½ 37¾- 46 51¼- 61 ,¼ 14¾- 16¾ 112 -117¾ 74¾- 88¾ 9 - 10¾ 92 -100 32¼'- 3i½ 52,½- 62 65,¾- 78½ 126 - 130 107,¼-110 10 - 14¼ 80 - si 1fi¾80½93 15¼'77¼70¼8¾37 - 17¼ 85 9l 16¼ 94¼ 72¼ 9¼ 41½ 8½- 9¼ 38¼- 41 36¾- 38¼ 5 - 7¼' 131)¼-13-1¼ 56 - 57 7¼- 7¾ 86 - 88 18¾- 20 62¾- 63¾ 43 - 43 114 -123 99 -105¼ 57 - 80 5¼'- 87 - !)2 7 - 8½ 80,½- 88 75¾- 80 14 30 - 36 40¾- 48¼' 14 - 17 38.¼- 47¾ 49¼- 60,½ 12¼- 15¾ 112 -116 69¾- 81,½ 8 - 9¾ 94 - 91,¾ 27¼- 38 52,¾- 61¼ 65 - 76 l:i\l -133 110 -115 10 - 12,¾ 80 - 82 9 99¾ 8-t¾ 35,¾ 59,¾' Hu R 37;,f- 40 351,(- 39,¾ Harlem RR......... 12¼'- 13¾ 11¼- 12¼ Rending. .......... .. 35 - 42¼ 40 - 44,½ Michigan Central .. . 47 - 55¼ 48¾ 54,¼ Michigan Southern .. 19 - 22 20¾ 21 ,¾ Panama ... .. ..... ... 110 -113¼ 111,¾- 121!.{ IUinoili C. scrip st'k. 61 - 64 55¼- 65¾ Cleve. & Pittaburgh, 15¼ - 16¼ 16 - 18,¾ Cleve., Col. & Cin ... 110 .- 110 103 -110 Cleve. & Toledo. . ... 33¼- 42¼ 4G;i- 46 Chicago & Ro<'k Is .. 50 - - 55¾ 52¼.- 57 Qbic .. Burl.& Quincy 57 - 62,¾ 61f .,- 65 New Jersey ..... .. . .. . . . .- ..... 12-. -125 New Jereey Central·. 114 - 119 120 - 122 MiL & Pr. du Chien. 18¼- 21¾ 19¾- 21 do ("I! l at pref . H - 84 'i3;s- 77 do 2d pr..!. 59 - ~ ~ - m Del., Lack. & West. . ..... - . .. ....... - .... . 5¾ 5 - Pacific lfoil SS. Co.. 92 - 99½ 91 N. Y. Cent. RR. Co , 79 ¾- 83¼ 79¼Erie RR...... . 31,¾- 36¾ 33 ddo"Oll prl.eVfeerrrReRd... ·. 52¼- 58¾ 54¼- https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis 38¾- 40½ 8 - 10,¼ 401,.f- 43 36¾- 45¼' 7¼ - 12 132¾-136 58 - 63 5 - 6 87 - 89¾ 19 - 25¾ 62¼- 66¾ 45 - 60 1"20 -124 103¼-105 76 - 83 ½i =~g ½t¼= ~½ Canton Company.... 10 ~ 11¼' 10¾- 12 Peun . Coal Co.'.. ... 80 - 86 85 - 89 Delaware & Hud. Co. 84¼'- 92¼ !12 - 97 Cumberl'd Coalprd. 19 - 22½ 83 - 85 !l3¼'- 98½ 13½- 16¼ 9:J¼-105 70¼- 79½ 8¼- 10¾ 89¼- 90 7 - 7½ 82 - 88¼ 75¾- 80 80 - 35 43 - 47 15¾- 16½ 39 - 46 54 - GO 14¾- 187.( 115 - ; 17,½ 75,¼- 83 9 - 9¾ 93,¾-100¼ 33 - 37 56 - 61 69¼- 75 133 -133 115 -116 11 - 12 80 - 84 20¼- 22½ 83¼- 84½ 97 - 98½ 13;(- 15 101 -107½ 76½- 8'1½ 10¼- 18 38¼- 42¼ 10¾- 14½ 41¾- 44 44 - 49½ 9¾- U 133 -145 59¾- 623,£ 5¾- 7½ 88¼- !)3 23;,- 30½ 67¼- 68¼ 59¼- 65 124 -125 1()5 - 112 84 - 94 20 - 21¼ 85¼- 88¼ 98¾ -101½ 14¼ - 11¾ 83,½-107 78¼- 83 16 - 23¼ 41 - 49¼ 12 - 13¾ 41¾- 44 47¾- 54 H¾- 13 131 -146,½ 59 - 61Ji 7 - 12¼ 91¼- 92,½ 27,¾- 31½ 64%- 71¼ 6:l¾- 79¼ 126 -126 112 -115 85 - 89 8 - 14¾ 72 - 81 82 - 90 6 - 7½ 50 - 85½ 68 - 78¼ 17 - 32,½ 33 - 45¾ 11¾- 16¼ 29,¼- 44 ¾ 40 - 58 123:,(- 17;( 97,¾-116½ 55,¾- 81 ¼ 8 - 9 90 - 95 22,¾'- 36¾ 3'1 - 58 51 - 74,½ 118 -120 110 -115 9 - 11¼' 80 - 81 8,¾- 9¾ 75 - 77 80 - 84 4 - 5_½ 60¼- 71 71¾- 73¾ 19)4- 23¼' 34 - 37¾ 10¾- 12¼ 30¼- 3i,½ 40 - 46 10¼- 13_½ 99 -107 57 - 70¼ 7 - 7 91 - 93,¾ 20¼- 25¼ 30¼- 39 54 - 62 112¾-113 105 - 106¼ 9 - 9¾ 75 - 75 14 - 14¾ .... . -. . • •. 13¾- 15 82 - 8:{ 7fl¼- 82 87¾- 91 89 - 91¼ 7¾- 8¼' 8 - 8¾ 93 - 98 97¾'-111 82¾- 84½ 82¼- 85;{ 34¾- 38 3G¾'- 37¾ 58¼- 62¾ 60¾- 62,¾ 35½- ::!'1¼ 35¾- 36¾ 12¼'- 13¾ 12 - 13 41 - 41 ¼ 4.2 - 45½ 53¾- 58¼ 53¼- 56¼ 22¼- 25 22 - 2.1¼ 117 -12'2 119¾-126¼ 61%~ 66½ 57 - 63 17,¾- 20¾ 17 - 18,¾ 109,l,:(-113 112 -115 44¾- 47¼ 40¼- 46 55 - 59¼ 52¼- 56), 61¾- 65 61 - 6~ .... . - .... . 128 -120 .... . - ........ .. -. . . . . 20 - 27¾ 2.'>¼- 28¼' 77,¾- 80 77 ~ 79,½ 54¾- 58,¾ 56 - 58 88 - 84 80 - 81 86¼'- 90,½ 93 -100 8¾- 9¼ 109 -119 84½- E9¼ 35.%- 40¼ 62}-;- 67 ¾ 3fi - 45 13 - 15 45¼- 49¾ 56,l;(- 63¼ 23 - 26,¾ 126¼-133 60 - 64 18¼'- 23½ 112¼-116½ 413'- 47¼ !56 - 66 61,½- 73 135 - 1&6 .. .. . . .. 26,¾- 30 7\1,¾- 8:5 59 - 64,½ 85¼- 93 l!J½85,¾96½12½8'.l 81%17 46¼11¾42 46¼- 20¼' 86 98 13¾ !J3¾ 82¼ 21¾ 49 12¼ 4'1¾ 53¼' 10¼- 14 125 -134¾ 6t - 64 8 - 10¼ 91 ¾- 94 29 - 32¾ 67¾- 70¼ 68¾- 77 133 - 133½ 116 -120 90 - 99 1861. 8¼'76 79 4¾59 71,½'21 - 19 - 20¼ 85.J,,(- 87 96¼- 97 12;,$- 15 83 - 92¼ Bi¾- 84¾ 18¾- 24¼ 47¾- 58 12¼'- 17¾ 40¾- 49 47¾- 60.¼' 13¾- 19 123¼-127¾ 62¼- 77 8¾- 11 91 - 94¼ 30¾- 38¼ 70¾ - 77,½ 73 - 8! .. .. .... .. 116 - 116 95 - 96 9 9 - 9 77,¾ 78 - 79 83,¾ 80 - 86 4½ 4¾- 5¼ 69 69 - 77 74¼ 73¾- 79¾ 23½ 2\Pi- 29 31½ 34½ 32 - 38 8¼- 10½ 9¼'- 12.½ 30¼- 33¼ 33 - 39½ 39¾- 44¾ 41 - 47¼ 10¼'- 12½ 12 - 15,¾ 102 -109 105 -111 ,½ 62 - 69 62 - 69¾ 7 - 7 7 - 9 93¼- 97 94 - 98 20¾ - 24,½ 23¼- 33 3\l,¾'- 36,½ 34 - 45 58 - 55¾ 54 - 63¾ 114 - 115 . . .. . 108 -112 110 - 112 14 - 14 14 - 15 ..... -. . . . . 70 - 72.¾ 1862. 15 - J5 90 - 98 92 -100½ 83,('- 9¼ 115 -118 SB¼- 95%' 35¾- 39,½ 63¼- 67 ¼ 44 - 49½ 14 - 18½ 50 - 60 62l(- 68¼ 25,¾- 28¾ 18:l - 139,¾ 60½- 66¼ 21 ¼- 24 119 -129 44¾- 49½ 62¼- ~!l¼ 75 - 80 132 - 1~ . .... - .. _\_ 27¼- 37 90 - 97½ 64 - 75 100 -10'l 20 - 20¼ 86¼- 86¼ 92¼- 96½ 14¼'- 17½ '17¾- 85 83½- 88¾ 23 - :i1 56¼'- 60 16 - 20 44¾- 49¼ 59,½- '13:¾ 17¾ - 25. 122,¾-126¾ 74 ¾- 89 10¼- 12 91¼- 95 38¼- 49 79 - 84¾ 84¼- 91 131 -133 1m -1l3 94 - 95¼ ( °' 18¼82 90 13 77,¾83 26¼56 - 23½ 83 96 14¾ 17,¾- 22¼ 81 - 83 94 - 96 10¾- 13¾ 82¼- 95¼ 80 - 91 27¼- 43 54¼ - 64¾ 15 - 23¼ 41 - 48 59¼'- 70¼ 15¾- 23¾ 120¾-125¼ 70¼- 86¾ 11¾- 15¾ 95,½'- 98 31 - 48 60 - 77¼ 79 - 90 ..... 115 -115 90 - 91¼ 14¼- 18' 75 - 81 83 - 94 8 - 11¼ 70 - 94 70 - 84 26 - 34¼ 40 - 60 13 - 18 31½- 42¼ 45 - 64 12¼- 18 106 -123 5!¼- 74,¾ 9 - 13 88 - 95 24¼'- 35¼ 50 - 66 61¾- 85 125 -130 100 -114 75 - 90 14 - 15 73¼- 76 80 - 84 8 - 9 74,(- 853( 69 - 71SU 24 - 89 36 - 45 12 - 14¼ 29¾- 36¼ 41 - 50¼[ 10¼- 15 107 -121 513'- 75 9¾- 9¾ 76 - ';6 83½- 86 4¼- 5 4¾- 5¾ 70 -·78¼ 75¼- 89,½ 88¼- !l6¼ 72¼- 77 72¾- 74¼ 73¼- 79¼ 24,¾- 26¼ 24,¾- 26¼' 25½- 34,½ 32¾- 34¼ 32¾- 34 33½- 38½ 10¼'- 11 10¼'- 10¼ 10½- 14 35 - 37,Ji 34¼- 3ti¾ 34¾- 37 40¼- 43 41¼- 4::J,½ 41 - 52 12,½- 14 1~ - 14¾ 13J(- 19J( 104,½'-108 106 -115 115 -119 63¾'- 65 64¾- 68¼' 65 - 69¼ 6¾- 7 7 - 10 10¼'- 12½ 94 - 95 95 - 96½ 96¼- 99 28 ¼- 30,¾ 29 - 30¼ 29,¾- 38¼ 37¼- 41½ 41¼- 46 45¾- 53 57,¾- 60,¾ 59¾- 63¼ 61.½- 6ti¾ . ... ..... . 112 -112 114 -114 . ..... . .. . 110 -112 1!3 -113 14,¾- 15 14;~- l!l;½ 16¾ - 19 ..... - . . . . 68 - 68 . 70 - 72 10 - 10¼ 77¼- 80 84 - 86 5 - 5¼ 85,¾-100 77 - 81¼ 29¾- 35¼ 36 - 41½ 12 - 14 34 - 36¾ 48 - 54¾ 17¼- 20¼ 112 -121 60¾- 65¾ 11,l,:(- 14 97 - 99 33 - 38¾ 51 - 58½ 58¼- 66 114 -~15 113 -114 19 - 23 6G - 65 9¼- 10¾ 78 - 78¼ 81 - 84 4¾- 4¼ 78¼- 9.'i,¼ 75¼- 80~,( 23¾- 83 33,½- 89 10 - 18 30,¾- 341( 41 - 50¼ 16 - 19¼ 105 -115 56 - 68 12 - 17 100 -102 28 - 36.J,{ 44¼- 54¼ 51 - 60 113 -113 . .... - .. . 16J,- 2() . . • - ...• 86¾ 92¾ 43 66 16¼'- 24 45 - 49 67¼- 72¼ 19¾- 24¾ 123,¼-127 83¼- 89¼ 10,¾- 15,½ 93 - 99¼ 43.¾- 49,½ 77¾- 82¼ 87 - 92¼ 133 -134 116 -117 92¼- 93¾ 9¼- 10 10 - 10 75 - 79¼ 76 - 76 83 - 85,½ 82¼- 86 . .... - .... ... .•. ...•. -. . . . . 16¼- 13 95 - 97 95 - 99¾ 99 -108 106 -110 91½- 9'i 97¾-100¼ 100 -110 108 -110 7¼- 7¾' 7 - 8 8¾- 15¾ !l¾- 17 104,¾-llfS¾ 107,¼- 112% 109¾-121¾ 117¾-1:33 87¼- !J3¼ 89,¾- 94¾ 93 -104 102¾-10:¼ 33 - 37 33¼'- 39¼ 36¼- 49¾ 49 - 6534' 60 - 64 62,l;(- 69¼ 67¼- 83 80 - ga 43 - 47,¾ 44,l,t'- 54¼ 50 - 6·!¼ 61 - 79 13 - 17¾ 14¼- 17 15 - ~ 20,!a(- 25¼ 54¼- 59¾ 56 - 623( 56¼'- 70 69 - 7!J 57 - 63¼ 59½- 69¼ 66¼- 81,¾ 81¾- 92¾ 23¼- 27;' 24¼- 32,½ 31 - 39,1,t· 37¼- 47 128 -137 13.1,¼-140¼ 139¼-150 144 -lM 65¼- 61¾ 57 - 63,¾ 61¼- 7i ~6¼'- 84¼' 21 - 18¾ 21¼- 25,¾ 24 - 86¼ 34¾- 43 113 -115 US -125 121 -125 13' - 135 45 - 49¼ 46¼- M¼' 52¼'- 69¼ 67,¾- 7S 60¼- 68¼ 62¼- 69~ 063'- 78¼ 77¼- 83¾ 74¾- 78.¼ 73 - 87 86¾- 9.6,¾ 100 -119 .... . - .. .. . 135 -135 133 -135 139 -140 130 -180 . . . .. . . . . . . ........ 150 -150 30,¾- 34 81,¾- 34½ 32¼- 38¼ 33 - 38 88¼- ~ 90 - 90 IH - 96 99 -100 66 - 70¼ 70 - 73 7il - 'l9 77J,i- 78 93 - 95,½ 04 -100 9!J -IOU¾ tOll,,-1H 8¼- 9 87 - 96 20 - 31 4.2¼- M 60 - 70 122 -126 106 -:10 70 - 80 ~ 18 - 18¼. 109,¼'-116 ii~¼-118. 111¼-118 112 -119 11 - 13¼ 12 - 14¼ 117¾-124,¾ 119 -131 101 -105¼ 101,½- 104¼' 59 - 64¾ 60 - 63,l,( 87 - 92 IIO¼- 97 72 - 7!/ 72¾- 77).( 18 - ~ 21 - 23,¼ 73¾- 78,¾ 74¼- 77¼ ' 85¾'- 91 ¼ 88¾- !,H 37,¾- 43½ 86¼- ,1¾ 15:~¼- ltiS 1:\9 -170 74 - 81¼ 76¼- 81 36¾- 42 40 - 51) 13.5¼- 138 141 -146 65,¼- 70¼ 66 - 72¼ 7'7¾- S3,¾ TI½- 82¼ 88 - 116 &i¾- f8 ... . -. . . . 146 - 145 150 - 15-0;!.{ 155 -15'5 31 - 34 81 - 3:1 ... .. - . . .. . 103 -108 "i'7 - 80 79 - 84¼ 115,½- 117 126 -130 RAILROAD .AND MISCELLANEOUS STOCKS. 1863-1864-186:;. 1863.-This year the Harlem Company was authorized to lay tracks on Broadway for horse cars, and the stock reached 179 . In Aug11st. An injunction prevented the operation. Erie paid its first dividend of 3½ per cent. 1864. -The Harlem "corner" culminated in July at 285; that fig-ure, in the same month, being the culminating price of gold. The Harlem corner was the result of large short sales, while nearly the whole of the actual stock had been previously purchased by Commodore Vanderbilt. Pittsburgh Fort Wuyne & Chicago was in April run up to 152¾. Erie paid two dividends of 4 per cent each, and Delaware Lackawanna & Western 10 per cent in stock and 15 in cash. 1865 -Lee's 1mrrender took place April 9. Erie, in March 44¼@73f and December 91-i-@97. Erie dividends, two of 3½ per cent. Harlem almost entirely neglected. Delaware Lackawanna & Western in January, 222@225, in December, 175. Ohio & Mississippi sold low. II linois Central paid 10 per cent, and varied during the year from 90@1381-. STOCKS. 1JANUARY. IFEBRUARY! MAncrr. I ArnIL. I MAY. I JULY. JUNE. ,-A-u-o-us_T_.-IS_EPT_E_MB_'_R.,....IO-c-To_n_E_R...,.1,-N-oVE_MB_E_R..,.ID_E_c_EM_B_E~ )Low.High. Low.High Low.High. Low.High. Low.Iligh. Lo,v.°'High. Low.Hi~h. Low.Higl1. Low.Iligh: Low.High. Low.High. Low.High. 1863. 31¼- 36¼ 32~- 35¼ 31 - 85 30 - 33 26¾- 33}( 30.¼- 34 25 - 37 23 - 31¼ 29 - 40 Canton Compauy .• :. 17,¼- 32¾ 25 - 27,¼ 22¼- 26 Penn. Coal Co ....... 120 -132 126 - 132¼ 110 -122¼ 114 - 126 125¼-141 1::16 - 139 135 -136 135 - 147 142 -147¼ 144 -160 160 -166 156 -160 Delaware & Hud. Co 118,¼-132 128 -132.¼ 120 -131 124¼-134 135 -150 140 - 144 143 -150 155 -162¼ i55 -161½ 161 -1 76 1'76 -179)( 169 -171 86 - 41¼ 30 - 47.¼ 30¼- 40 26¼- 30¼ 27¼- 33 18¼- 31 17 - 30 22 -' 35 17 - 27 Cumberl'dCoal pref. 14,¼- 25,¾ 19 - .2G¼ 16 - 20 5t- - 61 60 - 69¼ 60 - 57 41 - 70¼ 61 - 73 45 - 51¼ 40 - 46¾ 38 - 50 38¼- 51 14 - 80 11 - 20 Quicksilver Co...... 20 - 24 -232 210 -227 208 -248 213 Facific Mail SS. Co .. 136},(-178 153¼ 171 165 -Hl5 186,¼-196 180,¼-193 172 188 179,¼-246 228,¼- 2.39¼ 208 -231 ·N. Y, Cent. RR. Co . . 107 -124¼ 116¼ 120 107 -118¼ 113 -117 116),(-133 115%-125 1Hi -129 1112¼-13!1½ 128 -140 1:33,¼-138¼ 130 -139¼ 131 - 1~ 92,¼-1:)3¼ 103 -122 101 -118½ 106¾-110~{ 90,¼-110½ 104¼'-109 ' 90¼'·· 98 80¼ 74¼- Sil¼ 76 ., 81¼ 84¼-105 Erie RR ........ . .. .. 66 - 85¼ 70 99 1067,( 93,¼ 101¼ 96 -102¼ 101,¼-111 100.¾ 106¼ 100¾-105¼ 10:l,¼- 111,¾ 102 -FS,!4 104 -105½ 99,¾-105 :Of'J{-103" pr_e ferred ... 97 -108 do !15 -101¼ 102¼'-117 116 -142¼ 118 -143¼ 145 -180 141,¼-15:-3 128¼-11'0 131 - 111 7{ 121 -134¼ ll!l;){ -129¾ 91,¾- 99 Rudson River RR... 82 ~ !-.18 87¼- !-.13 88 -110 42¼'- 76¼' 79 - 116¼ 97¼ 109½ 92 -125 12, -179 115 -164,½ 80 -145 37¾ 35 - 47 32 HarlemRR.... ....• . 27¼- 49 89. -114),.( 95 -1 11,¼ 1!3.)1-124 112 -122 119 -:28 119 -127¼' lll,¾;'-122 94 -12lJ i8 - 95 86¼- 91 89¼'- 92 Reading RR ........ . 77,¼- 96 Michigan Central... 91 - 9!1 94¼- 98¼ 97 -10.J¼ 99¾-105 105 -124¼' 10c -119¼ 107 -116¼ 113 -128 116 -123¼ 120>;(-128¼ 12;'7,(-128),.( 119¼-128¼ n -108¼ 7i) - 8fl¼ 79 - 87.J,( 77 - 89 ' 73¼- 89% 88 - 113 68¼'- 81 Mich. So. & N.I. RR. 45¾ · 65¼ 55 - 63¼ 53¾- 61¼ 55¼- 67¼ 67,¼- 88 Pall ama ..•.......... 171 -187 18 t -1\12 183 -193 183¼-187,¾ 186 -18!) 188 - 190 188 -190 189 -195 188 -18~ 188 -190 187 -187 190 -~00 123¾-128¼ 113,¼-125 115 - 120 120¼-13-3¼ -138 114 116 102 -111> 98 85 - 92¼ 87¼- 95 · 92,¼-115 Illinois Central scrip 81¼- !:l'iX 89,¼- 94 4 96 -106 106 -!26 111 -123 113 -116 115,¼-119¼' 112,¼- 112¼ 92 - 95 94 -107 89 - 90 91 - 91 88 - 113 full ,tock ... 83¼- 91 do 99,½-112.½ I00,¼-109¼ J00,¼-115 -102¾ 91 !)3>;(-105 97¼' 82¾97¼' 80 -106 82 84 li7¾65 - 73¼ 64 - 73 Cleve. & Pittsburg .. 56,½- 73 Cleve., Col. & Cin . . . 147 -175 155 -161 158 -167 158,¼-160 160 -165 159 -161 155 -l60 155 -155 150 -155 160 -160 155 -157,¼ 163 -181 -119.½ 109 -121 113 -120 114 -121 112 123 !13 -117 107 116¼' 105 -117 108 92¼'-106,¼ 98¼ 86¾- 96¼' 93¼'Cleve. & Toledo . . ... 771,(- 97 93 -106 103¼- 117 103 -113 106,¼-111¼ 102 - 111}( 100 - 123½' 93,¼-104 9i -108 88¾- 95 89 ... 95 Chicago & Rock Is .. 82¼'- 96¼ 87¾- 95 115 -117¼ 116,¼-124,¼ 122,¼-131 -123 120 -126½ 115 -116,¼ 114 -116 113 -120 108 107¼-112¼ -110 106 Chic.,Burl. & Quincy 99 -111¼' 105 -110 81 - 86 80 - 91 78.J.;[- 87 68 - 82 79 - 86 65 - 84 63 - 79 6CJ - 6fl¼ 70 - 85 57,¼- 6b 62 - 64 Chicago & Alton . .. . 59 - 65 92 - !l5¼ 98 89,¼94 90 91,¼ 82 97 92,¼98 90 !15 88 99 92 91 81 80 - 86 fl3,¼- 85 pref. 85 - 87 do 43 - 65 55 - 65 41¼- 53,¼ 41 - 68¼ 55 - 67¾ 55 - 61¾ 5!J - 66 31 - 43,¼ 42¼- 59 29 - 35 31,½- 37 Terre Haute & Alton 30 - 42 75 - 82,½ 70 - 78 82 - 90 75 - 86 82½- 88 69¼- 85 66¾- 84 65 - 69¼' 57¾- 71¼ 72 - 90 do pref 50 - 71¼ 63,¼- 72 do · 44¼- 55 44 - 60 63 - 72 71 - 75 71 - 86 72 - 83¼ 75 - 86 73 - 66 51 - 61 50 - 51 50 - 51 Toledo & Wabash . . 39.¼- 60 .... -. . . . . 70 - 75 . 88¼ 80 80.½ 79 87 81 88 85 82 70 95 79 75 68 68 - 68 91 - 92 do pref 85 - 88 do 79¼'- 87 78 - 90 71 - 92¼ 82¾- 91 61 - 78¼ 64 - 78;1 71 - 96 67¼- 85 5; - 69 61¼- 68,¼' 56 - 67 Pitts., Ft W. & Chic. 60,½- W 32 - 38¼ 32 - 37¼ 36 - 47¾ 43¼- 50¼ 43½- 4!) 28¼'- 3t¼ 27¼- 38 25 - 43 16 - 18,¼ 16 - ;6 16 - 21 Chic. & Northwe.st .. 16 - 2.3 53 - 70¼ 50 - 59 43 - 60¼ 42 - 56¼ 50¼- 69¼ 67 - 90¼' 65 - 79½ 66 - 74 34,¼- 44 35,½- 40 35 - 41 Mil. & Pr. du Chien. 35 - 48 1st pref . . ... . - . .... 109 -109 108 -110 107 -107 1101,(-110¼' .... - . . . . 106 -112 102 -112 1()9 - 110 ... .. - . . ... . .. .. - .... . . ........ . do 87 - 88¼ 8-t - 88½ 67¼- 88 85 - 89¼ 85 - 88 78 - 86 75 - 82 81¼'- 90 73 - 80 77 - 78 76 - "/8 2d pref. 85¾- 90 do . . .. . - ..... 198 -198 .Del .• Lack & West . . 131J -136 140 -140 146 -149 142 -1f:O 15-1 -161 . . . .. - ... . . 165 -166 170 -180 180 -181 185 -185 90 - 95 90 -100 68 - 87 68 - 70¼' 62 - 69 48 - 68¾ 48 - 75 American Coal-Co... . ... - .... .. ... - .. . .. .•.... - ........ . . - .... 35 - 73 38 - 49¼ 82 - 42 47 - 55 :Mariposa Mining Co ...... - ..•..• .. - ....•..•. - ...••...•. - ..........- ..••. . 1864 _. ..... -.......... -.......... -..... ~¼=Jf¾ &¥f~l° co 0 74 1~g 1~~ :25~ 2g~¼=2rs" =1~ 1~~¼=1~g 25~ =2~~¼ 2:¾=2~ 1~ =1:¼ 1~ =2g& 2~¼=2~ 21g =2~¾ 2n¼=2: ~~1i~~r~ Penn. Coal<Co ..•..•. 160 -17~¼ 171 -188 183 -219 190 -236 200 -215 210 - 218 215 -220 208 -220 170 -205 160 -190 191'i -204 195 -206 56 - 57¼ 55 - 64 51 - 67}( 56 - 58 59 - 61 60 - 70 68 - 76 55 - 73 65 - 91 73¼- 98 58 - 72 Central Coal Co..... 64,¼- 65 83 - 90 75 - 86¼ 75 - 83 83 - 90 QO - 90 90 - 98 9ti -100 !JO -103 !15 -111 92 -120 92 -120 American Coal Co... '92 - 94 43¼'- 56¼' 43,¼- 53¼' 54 - 67,½ 55,¼- 62¼ 54 - 69¼' 41 - 62 66¼- 85 61¾'- 62 60 - 87 Cumberl'c_l Coal Co .. 46¼- 51¾ 51 ,¾- 69¼ 66 - 95 82 - 87,¼ 86 -101¾' 71 - 83 73 - 83 71¼- 78¼ 78,¼- 85 60 - 88¼ 65 - 83¾' 70 - 78 57~- 91 47,¼- 69 Q.uicksilver M. Co.. 45 - 60 32.¼- 39¼ 17 - 37¼ 38 - 46¼' 29 - 57 40,¼- 4H 36,¼- 51 46 - 56 30 - 47 30 - 43 35 - 45 28 - 38 Maripoea Mining Co. 24 - 35 Pacific Mail SS. Co,. ~19 -231 214 -230 21!:I -239 219 -239 222 -238 235,¼-302 274¼-281 275 -281 265 -280 270 -3~5 305 -320 292 -320 -128¾ ~12¼-122¼ 119 -122 l09 N. Y. CPnt. RR. Co .. 130 -137,¼' 132 -138 135>;(-145 t::lO -144,¼ 128 -135¼' 130¼-135 131¼-135,½ 128¼-132 114 -129 93¼-104¼' 82 - !l6,¾ 86 - 98 !Erie RR............. 106¼-113 107 - 121 ¾ 113 -120,½ 107 -126 107 -117,¼ ll0,¼-118 1L8¾'-116 10 ¼ - 113¼ !J3 - 109 -106½ 99¼-105 100 -104 preferred ... I00¼-104¾ 10! -109 105,¼-115¼ 105¼'-116 1116 -109 108,¼-113 107 -115¼ 108¾-112¼ 101 -109 l00 do Hudson River RR. .. 129.J,(-143 139 -162 148,¼-161,½ 120 -164 132 -156 138 -147 120 -137,½ 126 -1S5 107 -127,¾ 109 -125 118 -::.27,¼ 114 -118,¼' - ......... - .... . ... . . Harlem RR.......... 86¼-105 102 -137.¼ 10-1 -152 130 -235 224 -281 260 -285 .... -. . . . . .... - ..••• . .. .. - ... .. . ... -. . . . Reading RR. ...•... 111 -11 8¼' 115%-133,¾ 130_¼-154 125 -165 125 -1-17 138½-1 45 125¼-139¼ !32,¼'-137¼ 117¼-134 115 -134 132,¼-140 112,¾- 137¾ 115 -133 124¼-132¾ 114,¼-130 Michigan Central ... 118,¾-139 131J.(-143 · 136¼-152 133 -157 131 -146¼ 142¼-156,¼ 132 -140 l a.3¼ - 140¾ 1233,(-134¼ 57 - 71¾' 68¼'- 77,¼ 68¼- 74¼ 80¼- 94¼ 82¼'- 92¾ 71 - 85 9S -118¾ 84,¼-11S¼ 85,¼-100¾ 93¼'-101 88¾- 99 Mich. So.& N. I.RR. 84J.(- {j0 265 -.270 -270 265 -264 260 -29i 'Panama RR ......... 200 -222 222 -227 227 -240 245 -250 250 -250 265 -265 255 -300 237 -300 292 J01inoisCentral RR .. 112 -122 11 5 -125 123 -135,½ 121 -138 115 -129 !29 -132,¼ 124 -131 128 -132 116,¼-128¼ 110¼-130 123 -131¼ 121 -131 !ll,¼-113 -109 !02 -107 90 105.J,(-117¼ -114 Cleve. & Pittsburgh . 105 -120 U0,¼-119¾ 114J.(-128¼ 104 -132 110¼-117,¼ 110¼-116 106 -114¾ 110 Cleve., Col. & Cin ... 180 -180 146 -157 1!57¼-175 165 -174 163 -168 167,½-169 169 -170 170 -171 170 -170 164 -164 170 -170,¼ 180 -182 -112¾ 107 -1H,¼ 108 -116 95 -126 108 !25¾-134 -144 Cleve. & 'l'oledo..... 120 -141 rn6¼-149,¼ 142 -151,¼ 135 -157 145 -154¼ 135 -151,¼ 131 99 -110 101¼-108,!.( Cllic. & Rock. Is .. . 122.¼-149¾ 117,¼-144.J,( 119¼-127¾ 110 -13 l 105 -119 110 -117,¼ 107,¼-114 109¼'-114¼ 95 -109,¼ 85¾- 97 116,¼-118 -120 115 -135 111 -127 117 -131 127 -132 126 Chic.,Burl. & Quincy 118 - 129 122 -133 131¼-146 122 -149 126 -142 126,¼-132 89 - 93·· 85 - 90 80 - 82 85 - 87 83 - 97 95 - 98 90 - !'O 88 - 97 87 - 96,½ 65 -100 Chicago & Alton... . 84¼- S!l¾ 81 - 90 92 - rs 90 - 95 85 - 90 92 - !l7¼ 90 - 93 !l3 - 97 95 - 97 94 - 96 94 -100¼ 95 -108 92,¼- 98 pref. 94 - 96 do 65,¼- PS 47 - 77 48,¼- 65¼ 50 - 60 48¼- 58 52¾- 573{ 44¼- 54 34 - 46 40.J,.(-' 47¾' · 38 - 44¼' 47¾- 56 Chic. & North.west.. 45¼- 56 69~- 78¾ 85,¼ r¼81 67,¼86¼ 77 91¼ 85¼98 72 - 94¼ 86 - 94,¼ 84 70 - 97 71 - 87 65 - 65 do pref. 61 - 67 do 47 - 511¼ 41 - 55 35 - 49 50 - 62 61 - 70 63 - 70 66 - 71 58 - 72 53 - 60¾ 63 - 89 57 - 69 Mil. & Pr du Chien.. 53 - 62 -230 225 -205 ~00 ..... ..... -265 26:~ -265 265 ..... ..... -242 240 -2H 25 -230 235 -250 23fl Del., Lack. & We~t.. 195 -195 225 -230 99,¼'-106.J,( 94 -11Cl¼ 87 -102¾ 100.J,(-110 98 -H6,¼ 101 -152J.( 105¼'-121,¼ 112 -119 109 -117 110 -117 87 -101 Pitts .• Ft, W. & Chic 82¼- 89 5i,½ 57,¼53,¼ 52 53 53 66¼ ti1 69 63 68 60 71 68 73 62 - 73¼ 60 - 75,½ 69¼57¼'- 67 Toi., Wab. & W. RR. 53 - 61 67,¼- fi!l 75 - 79 . . ... -. . . . . 6tl - 69 77 - 77 73 - 91¼ 71 - 80 80 - 90 74 - 83 pref. 70 - 7:t do do -55 46 _·~1·· .. ·5i -57 47 57¾ 51 -65 59 .. _.55 .. ·53 -69 61 -67 58 88¼ 65 70,¼'-90 -73,½' 62 -64 57 . . . ~t.L.,Alt.&T.H 71 - 76,¼ 70 - 75 60 - 74 65 - 92 71 - 79,½ 77 - 78 76· - 82 72¾- 82 87.J,(-101¼' 82,¾-103 77 - 92 pref. 68¾- 77 do do 32¼- 37 35.J,(- 43 33 - 47¼ 32 - 38 49,¼- 55¼' 51 - 56¼ 47,¼- 53¾ 4':',¼- 52 4~' - 69 42¾- 68 Ohio·& Miss. ctf: •... 35¼- 37¾ 35¼'- 43 1865. r 45 - 46¾ 37 - 3!l¼ 39 - 41¼ 39¼'- 44,¼ 42 - 47 38¼'- 42 35 - 47,¼ 36 - 39 26 - 36¼ 29 - 47 27 - 35¾ 29 - 39 Canton Company Delaware & Hud:Co 152 -215 -1. 153 -173 141 -146 1.J2 - 156 133 -152 135 -144 130 -14fl !33 -111 l:39,¼-150 144 -151 146 -147 141 -145 Penn. Coal Co ... . ... 180 -198¼ 185 -185 170 - 170 1G5 -172,½ 140 -146 145 - 145 143 -155 150 -155 160 -170 166.J,!-174 175 -182 170 -170 50¾- 56 47,¼- 60¼ 50 - 56 48 - 62 50 - 51 50 - 55 42 - 42 41 - 51 41¼'- 58,½ 45 - 56 40¼- 50 Central Coal Co..... 38 - 47 74¼ - 7d,½ li6 - 66 62 - 77,¼ 68 - 75 68 - 65 57,¼- 65 58 - 59 62,¼- 75 65 - 70 7 - 83 77 - 80 American Coal Co... 80 - 84 45¼ 43¼'45 43¾'- 411¼ 40 - 48,¼ 42}(40,¼- 45¾' 37,¼- 44 38 - 43 37 - 50 34 - 57 31 - 74 43¾'- 79 Cumb. Coal & Ir. Co. 41¼- 47 40¼- 49 46¼- 50 46 - 53¾ 53 - 64¼' 50,¼- 57¾' 47¾'- 5.3¼ 48 - 54 46 - 63 53 - 83¼' 61,¼- 70 S.'3,¼- 88 Q.aicksilver M. Co... 93 -101 14¼- 16,¾' 11½- 12¼' 11¼- 13¼ 10¼- 12¼ 10¼- 16 10¼'- 18¼ rn - 17¼ 11 - 14¼ 10¼- 14¼' 12¾'- 14 ~0x_- ~s." 8.¼-_..,~0 • .sus~o. ·c·o· ·. ·. MP acr.ipcoMsaaM 09 11 1ft, 11 " 0 o-<0 1 1 0 3"" 270 -320 270 · -310 300 -310 280 -280 295 -298 285 -235 151 -165 215 -230 230 -240 220 -220 50 -150 125 -140 145 -162J.( 150 - 175 154¼-166¼ 125 -157 146 -150 ~ 140 -154 13t -153,¼ 131 -135 Atlantic Mail SS. Co. 153 -160 150 -150 95 - 98,¼ 88¾- 93¼ 92¾'- 95¼ 93,¼-103¼ 95¾-102 88¼- 95¾ 93¼- 98 86 -104 80 -114¼ 84,¼-104 N. Y. Cent. RR ...... 102 -119 102 -118 91¾- 97 69¼'- 84¼ 70¼- 79¼ 77,¼- 98,¼ 76¼'- 91}' 86¾- 91,¼ 85,¼- 93.¾ 90¾- 97 44.l(- 73½ 50¼- 85 Erie RR . ........... 66½- 86.¼ 68¼- 78 82 - 84¼' 84¾- 86 82 - 86 85 - 88¼ 80 - 87¼ 82 - 86 81¼- 85 82 - 90 77 - 92 70 - 90 90 - 93 preferred ... 90 -101 do 01 -109¼ : -110¼ 106 103¼-112¼ 108¼-111¼ 91,¼-114¼ 94 -114,¼ 97¼-110¼' 107 -111,¼ 101¼-113¼' Hudl!on River RR ... 95 -115 101 -117,¼ 88 -115 Harlem RR . ..••......... - . . ........ - .......... - ..... . .... - ...•...... - . ... . ..... - ........ .. -. .. . . .... - ..... . ... -. . . . . 75 - 77 . .... - .... . .... - .... . 105¾-117¼' 113,¼-117¾ 112,¾-118,¾ -116¼ 106 -107¼ 98 89,¼-107¼' 88 - 9R¼ 97¾-108¾ 88 -114.¾ 89¾-111 Reading RR . . .... . .. 102¼-118 103 -117 90¼-112¼ 93 - 114,¼ 105 -115 103 -112 106 -110 102 -108,¼ 108 -115,½' 110,¼-116 113 -117 108¼'-117 MichignnCentral.. .. 103 -118,¼' 107 -115 73¼- 76,¼ 60.J,.(- 67¼' t5¼- 70¾ 68 - 84,¼ 71¼- 82 50,¼- 74,½ 55 - 72¼ 57 - 65.¼ 62 - 68 49,¾- 67 63,¼- 72 Michigan Southern .. 61 - 75 ·Panama RR. . . . . . . . . 2ro -265 250 -250 250 -254 235 -237 250 -250 i50 -250 2W -2~0 252 -255 270 - 270 240 -240 235 -2.35 235 -240 -134 131 131¾-138 -138¾ 130 123¾-128½ ,¼-124¼ 11 92 -118 113 -119,¼ 116 -129 122,¼-138¼' 90 -119 Dlinois Ce1:1trl\l RR .. 111 -127¼ 114 -12.t 81¼- !14¾ 80 - 99 65¼'- 74¾' 64¼- i2,¼ 70¼- 73¼ 72 - 87 54,½- 79,¼ 58 - 70 <i7 - 79¼ 50¼- 89 76 - 86 Cleve. & Pittsburg.. 79¼-101 -127,½ 125 -130 127 -130 127 -128 125 -130 124 Cleve., Col. & Cin ... 170 -180 150 -160 130 -150 .. ... - ..... 130 -135 128 -130¼' 130 -133 96,¼-102 102 -109 1110 -111 102,¾-105 102,¼-115 95 -103¼ 98 -105 101 -104 92 -103 91 -111 Cleve. & Tcxedo. . ... 108 -118 113 -115 105¾-108¼ 104¼-109¼ -113¼ 105 93 -1t 2 101¼-109¼ 103 -109 108,¼-113¼ 91 -105 81¼-103 Chicago & Rocle Is.. 88¼-105¾ S!l¼- 98¼' 85¼'-100 Cllic.,Barl. & Quincy 114 -120 115 -120 100 - 118 103 -117 102 -110 104 -108 109¼-112 111 -113 ;12 -125 124 -130 110.J,(-J,15 113 -115 96 -101 104 -106 103 -106 !04 -!Ori,¼ 96 -108 95 -100 89¾- 92 87 - 90 80 - 92 Chic. & Alton:... . ... 89 - 92¼ 90 - 95¼ 81 - 90 92,¼- 95 100 , -102,¾ 96 -104 100 -103 1063,(-107 105 -107 105¼-107 91 - 94 85 - 95 84 - 93 90 - 95 pref.. 90 - 96 do 27,¼- 29,¼ 28¼- N,¼ 31 - 39¼ 34¼- 3';¾ 26 - 30,¼ 26 - 30 23 - 27 21¼- 35¼ 21J.(- 33 20 - 34 Chic. & Northwest .. 32 - 40¼ 32~- 37 61 - 65¾' 64¼'- 69 62¼ - 69 60¼- 64 58,¼- 64 56¼- 66 52¼- 63,¼ 53 - 57 48"- 67 pref. 61¾- 71¼ 61¾- 67,¼ 48 - 64 do ,. 70 -225 . 80 - 97 56 - 73 47¼'- 58 49,¼ 35,¼- 40¼ 38 34 - 39 34 - 44 30 - 46 Mil. & Pr. du Chien. 39 - 49¼ 42 - 48¼' 30 - 42 1 1 2 :i~~¼ ·ga .. =·97¼ ~~¼= ~~¼ ·soji=ioo· 90,¼-102 ·gii=·91 .. ·g5i=ioi" ·92 .. =·ss},f ·91¼:100 .. ·gsi=im .. m¼=rn~¼ ~?lis.~~~w~:J~rc: 40¼'- 43 39 - 55 ~ - 43 40 - 40 45 - 45 ..... 50 - 50 50 - 50 Toi., Wab. & W. RR. 51 - 51 68 - 68 ..... - .... . 64 - 65 .-.......... - . ......... -. . . . GO - C4 . . . . . . GO - 60 pref...... -. . . . . 60 - 60 .... -. . . . do do 30 - 36 33 - 36 86 - 38,¾ 35 - 38¼ 38.¼- 63 42 - 44¼ 30 - 35 35,¼- 87 25 - 46 25 - 35 St. L., Alt. & T. II.. . 40 - 43 70 - :il t'i3 - 67,J.:; 65 - 71¼ 71 - 82 60 - 63 60 - 60 . . . . . . . . . 94 - 94 60 - 73 55 - 70 60 - 70 pref. 65¼:- 70 do do · ·.Q..!_i~-~ Miss. certfs . 25 - 84¼ 26¼'- 27¾' lfl¼- 30¼ 20 - 31 21¾- 32¼ 22¼- 25¾ 24 - U7¾- 28 - 25¼- 26 -·ao 26½- 81-=- ~¾- it¼ 27,¾-eo_~. https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis i~ -·-···1 ··· .-..........-..... i: =i~~¾ RAILROAD AND .MISCELLANEOUS STOOKS. 68 1866. There was a buoyancy in stocks during this year, and a comparison of prices at the openinQ' and towards the clof'e shows a. remarkable advance in the range of nearly all the prominent i:;peculative stocks. It was the first year after the close of the war, when the effects of h1flation were apparent in stimulating all kinds of business; and the movement then commeuced in railroad stocks which culminated a fpw years later in the d::.stribution of t he enormou sstock divid~nds which bP-came so notorious. The Milwaukee & St. Paul Railroad was thie year formed by bondholders of La Crosse & Milwaukee and Mil ~ aukee & Prairie du Chien; capital-common, $5,406,883, and preferred, $8,050,883. Commodore Vanderbilt became a prominent stockho!Jer -in New York Ceutral Company. Great dP.cline (December) in Pacific Mail Steamship stock; having risen in November to 246, it fell in that month to 170 after the 20th, when sold ex.dividend of 5 per cent cash and 33 1-3 per cent stock, and in December declined to 160. Illinois Centra.1 firm throughout The following were the highest and lowest -;:>rices of some of the most active stockR, viz.: New York Central, lowest 86-f F ebruary, highest 123\ November; Erie, lowest55½ May, highei;t 95 October; Hudson River, lowest 98i- January, highest 137 December; Reading, lowest 961 March, highest 118½ October; Fort Wayne, lowest 88 April, highest 111 October. Januuary. 8TOCKII. February. March. May. April. June. Sept. August. Joly. Ril. share,, 11iz.: Bntr. N. Y. & Erie.. . . . . . . . . • . . . .. • • • • • . • . . • • . ..... •• . . • • . • • • .. . . .• • • .. • • . . . . . . • .. . . . .. .......................... . 1 1 ~~!•wts~~:~~I~~:: 80".:_•&J¾ .~/7• ·.:: 79 .. ·79 ••.:_• 79,¼ ·79• •~-- 8() .. :::: ::::::: :: ::::::.:: ::::::: ::: : :: ::: •:: :~: l~ : g~ :::: ::: ::~: :::::: ::::: :::: ::::::: . ~lN~~::::: Cenf~~l 1~}¼:1Yg ii3".:.ii4·· io4··.:.1fri¾ 88 -11'(½" Chicago .t Alton .. 103 -105¼ 107 -123 do do pref.. 105 -107 108 -125 94¼-118 Chic. B. & Qnincy .. 109),(- 114 112 -11~ 113¼ 115 Chjc. & Gr~at East.. . . . . .. . .• . . . . •• .. •• . . • . .. • . .. • . . .. Clue. & Milwaukee. 60 - 67¼ . . . . . . . . . . . . . . . • . . . . . . Chic. & N'western.. 27 - 36~ 26¾- 29¼ 25 - 27½ do do pref.. 53½- 62¼ 55¾- 56¼ 52 - 57¾ Chic. & R'klsland.. 96¼-109¾ 98 -107 104¼-118.¾ Cinn., H. & D'ton .................................. Cle..-,e., Col. & Cin .. 110 -123 114 -115 111 -115 Cle·reland & Pitts .. 74¾- 87 76 - 82~, 753'- 82 Clt.:veland&Toledo. 103 -113¾ 105 -108½ 107 -113 D.il., Lac. & West .. 149 -158 140 -145 . 124 -132 Erie ..........••..• SC¾- 9'l 76 - 85¼ 74,¼- 87 do preferred..... 81 - 86¼ 80 - 82¼ 80 81 Uan. & St. Jos .............................. ••··.. do do pref.. . . .. .. . . . . . 52¼- 53 . .. • • .. .. . • 1 M~d;o~ ig¾:izg¼ '99".:104,½' 102ji.:ioii~ Illinois Cen•ral_ ... 115 -131¼ 112¼'-116¼ 114_½-119,½ lndianano. & Cin, ............. 70 - 70 5", - 55 ;iv::~~~:: i oi;½'.:.iio". 84 - 90¼ 93 - 96 115 -117½ 40¾- 42 68 - 60 2-1 - 30½ 52½- 59¾ 107 -123¼ 100 -100 114¾-115 76,½- 84,½ 99,¼-112 130 -130 71¼- 79.¼ ...... •. .. •••• ... . .... __...... iio··.:.fr, .. jj5i(.:. i17· · iir·.:.i2n· · 120 -128¼ i21··.:.12r· 91 - 99 95 - 99 98¼-105¼ 107 -113 105 -113J• 100 -101 102 -102 104¼-106 109 -114 106¾-113¾ 11a -117 116 -121 124 -125 129 -130 128 -138¼ ~3 - ~4 .................... 11 45 - 45 45 - 50 63 - 63 • . . . • • . . . . . . . • . • • • . . • 70 - 70 . . . • • . . • . . . 26¾- 29½ 28¼- 81½ 30 - 37 85¼- 3'l¼ 34 - 37½ 55 J.i- 61.¾ 58 - 61¼ 59 - 66¾ 63 - 68¼ 65¾- 72¼' 89¾- 96¼ Ill - 95¼ .... • ... 102¼'-110¾ 108¼-112¾ .................... ....... . • •................... . •. . 114 -115 116 -118¾ 110 -118 110 -111¾ 111,½-115 80¼- 96 80 - 87¾ 82 - 88 85¾_. 88¼ 85¾- 90 103 -105¾ HM¼-107 106,¾-116¼' lll'i¾-117 114}(-128 135 -140 144 -147 142 -150 160 -162¼ 150 -155 65¾- 75 57½- 65¾ 62 - 77.¼ 66¾- 74¾ 68¾- 80¾ 74 - 80 72 - 76 72¼- 78¼ 72¾- 79 75 - 81¾ 30 - 31 32 - 35 30 37 85.¾- 36¼ 36¾- 36¾ • • .. .. • • .. . 50 - 52 ..... . ...... .:. . . .. . . . . . 52 - 53 ici2¾-1iO¾ ios .. .:1i3¾ iii,".:iiaji m¾.:120,¾ l1t¼'=n~ m .. .:.i25·· iis .. .:i2-9¼ iis".:126¼ ifoi.:isf· 114 -124 115 -122¾ 117 -124 115¾-12:Hi 1213'"-124¼ 121 -12a¾ 123¾-129 116 -126¾ 115}1-120 1 ......... _ 70 - 76 60 - 70 72 - 72 73 - 74 75 - 76 80 - 84 84 - 93 87 - 8& J .~~ .. ~.~ .. ::::::~::::1::.-.::::::: ·:::::::::: '.:::::::::: 68 - 68 20 - 21½ 39 - 48 18 - 2fl 106 -109,½ -;7 - 81¾ . . .. • .. . . • . . . ... .:_·c. ... 92 D4 . . . . .. .. . . . 50 - 59 UO - 75 85 - 91 128 -128 N. Y. Harle?r·e·r:: ·-i. Y. & N. Ilavcn. . Hor. & Worcester .. Panama ... ......... P?ila. & R eading... P1tts.,F.W.&Cb1,c•. Rome~ Waterto n St.Loms,A.&T.H .. . do Pref. . :::: ::·. .: ::: •:: . :::: ::: :::::::: :: : .~ . . ............. S5 -110 109 -112 110 -112 110¼-115 111 -112 103,½ 103¼ ................................. 107 -110 .... . ..... 2fi0 -2fi0 250 -260 260 -260 2fi0 - 265 105¾-111,½1107 -110¼ 104¾-111¼ 111 -117,½ 112½-117¼' 92½-100.¾ 95 ··100 9~~-103 102,lr(-100,½ 103 -108¼' .. .. . . . •• . . . . . .. . . . !16 - 96 . . . . . . .. 911 - 90 30 - 31,½ 30 - 32 31 - 35 34 - 41 36.¾- 38 61 - 66MJ 61¼- 63 64¼- 66¼ 67½"- 73¾ 71 - 71¾ :::::::: ::: .... 96 - 96,½ 2.'3.'5 -245 97..¼-107 91¼-104.¾ ........... 33 - 3~ ?~ - 71 :::: ::::::. . . . . .. . .. . . 95 -103 240 -243 97¾-10~,½ H½- 9;JJi 98 - 98 30 - 36 58 - fi~ m~~~-;:~~·l&n): :r5 :m 1r8 :irt :~:it&_~?.::.~:.~:~:: 60 - ~o 22 - 22 37 - 43¾ 19 •- 20 102¼-109 78¼- 80¼ .. . .. .. • . . . .. .... . ... . ::::::::::: ~~~ .. :~~ .. t?l!i::i~!t~~::: ............ :::::::~:: ::::::::::: i ioji.:110,½' Long Island ......... ·72¾.:.·75·· .... . ..... 75 - 75 McGregor Western. .. .. ... .... . ... • ............... . ...... t Mur. & C., 1st prf.. ........... ........... 40 40 . .do 2d prf ............. 25 - 27 . ......... . 20 . 21 M1ch1gan Central... 101½-108¾ 100¾-10:5¼ 101 -104 10'. ,),,(-107,½ Michigan Southern. 66¼- 'i5¼ 66¾- 71¼ 69¼- 88 'lR -101 do g uar. . . . . . .. . . . ... . .. . .... 140 -140 140 -140 Jdil.&P.dn Chien. 90 -97 90¾-98 91 -91 93 -!l4 do 1st pref. . . . .. • • .. . . 97 - 98 96½- 97 95 - 96 du 2d pref. . . . • .. • .. • . 85 - 88 85 - 85 ..... Mil. & St. Paul.... .. . ........ 45 - 46¼ 41 - 46 42 - 47 do pref. . . .. •. . . . . . . . . . . . . . . . . . . . . . . 55 - 58 Morris & Essex . . 1 99 -103¼ ·99¾-100 88¼- 90 79 - 85 New J ersev ........ 145 -145 135 -135 .......... . 120 -120 New Yor 1, Central.. 9u¾- 98 86¼- 93 90¾- 93¼' ~¾ · 93¾ ! 127,¾.:.iao·· 12s ...:ia2ji i2,i .. .:.117" 110¼-:!.rn¼ 106 -113 108 -110J( 113 -113,½ 109¼-113¼ 110¾-111 132¼'-137 131 -133¼ 130 -134 49¼- 52¼ 30 - 45 33¼- 35 70 - 70 79 - 79 68 - 68 38 - 60½ 37¾- 62¼ 42 - 55¼ 72 - s1,.- 1.19¾- 82 65>,- 84.¾ 105 -111¾ 100 -112¾ 102 -105¼ 85 - 85 ..................... . 113 -115 111¾-113¾ 109 -112 87¼- 94¾ 8.2. - 94¾ 88¼- 93.),( 117 -127 llt,,'-121.¾ !ll¼-126 150 -152 150 -150 144¼-144,lol 81¾'- 95 70¼- 86¼ 65¾- 74>, 79¾- 87 82 - 86¼ 82 - 86 38 - 51 54 - 60 56 - 59 54 - 62 65 - 69 63 63 ....... .............. 20 - 28 20 - 20 42½- 46¾ 40¼'- 44 20 - 20¼ 20 - 21¾ 104¾-112¾ 109½-114 78¾- b4¼ Ba¼- 87 .. . . ... .. . . . . . . •• .. • .. .......... . 65 -65 • • • • .. • • • • • 9;, 95 95¼- 95¼' 82 - 85 85 85 84¼- 92¾ 55 - 59 56 - 57¾ f5 - 57¼ .6.'9·~· .- .7·5·.. 68½_~ 73¼ ·7·0· .. -.. "'.,3.Y.... . 80 80 1 129½-129,½ . . . ...... 130 -130 91¾- 98½ 9 r - 99¾ 98¾-106¼ 102½-105.¼ ~.~ .:~ .. - :~ .. 60 - eo 55 - 60 6U - 60 60 - 60 . .. . . . . . . . . •• 39¾-.42 . 40 ·-·44,½ 39' 42 88¼ 19¾- 20¼ 22 20 _ 21¾ 20 - 20 110¾-115¾ 113 -117¾ 109 -117¼ 107 -115 tj2¼- 88¼ 81¼- 93 78¾- 94 79¼- S3¼ .. . . • .. .. . . .. . .. .. . . . •. .......... : .. . ........ :::: .•.. : .6a°·.::{i:i .. 94¾-100 99 -100¾ 100¾.:.foo,½ 97¼- 98¼ 85 - 87 85 - 90 90 - 00 .......... . 51¼- 55 54 - 63 50 - 64 4fl¼- 56 65¼- 75 72 - 79 64 - 76¼ 68½- 70¼ . ..................... 85 - 85 80 - St)· .. ... . ... . ..... ~ .. . . .. ..... . .. ......... . .. . 102 -114½ 111.:V.- 121¾ 106¾-123)1107.¾-114 ·s,/·_ rn~,- ::::::::::: . . . . .. . . . . . 103 -105 ..... . .. ... 96¼-103¾ 88¼- 93 . . . . ... . .. . 29 - 35 57 - 67 ... : :::: ::: 90 - 97 ........... 250 -251 98~i-105½ 88 -100.¾ . ... . .. . .. . 30 - 38 61 - 68 105.. .:.10:i uci1j.;.:.1o i .. ioi· ·.:109,;.j 110.. .:.iii .. 110 ...:iio.. ioii;;..:.iici .. 1ii" ·.:1i2· · -~~ .~.~~ .1·::: :::·::: :::: ·::: .:: 112 -115 ,115¼-118 114 -120 110 -115 lj 5 ~1 ,5 .......... . .......... 12Ci5 . '>70 258 -205 114¾•·118¾ 110%..:117¼ 108 -11~¼ 106 -ll!Ja :Ol ½-111½ 104½-107¼ ....... .. ...... ... . . .... . ...... . 38½-- 50¼ 38 - 53 37~- 41 'i2¼- 78 67 - 78 65' - 65 ioo··.:100· · 10s· ·.:ici5 •. ·no· ·.:.io2" t::~t: ttt: -~--=-~-- :~ttd~::::' .'.:: _;_ =:;_ -~)<:_ii~ -~!~:.!1~ .!~..:.~.. _!; I 58 - 60¼ 59 - 6G 01 - 66 62 - 65 60 - 62 61 - 61 57¼- 64 60 - 60 63 - 74½ 67 ~~~~: American . . .. .. .. . 65 - ti9 Ashburton ... .. . ... 13 - 14¾ .. . . . . . . . . . 13 - 14½ 12 - 14 14 - 18 ...... , . . . . 13 - 16.¾ l 16¼- 19,¾ 16 - 19¼ 14 - Hi Butler .............. 13 - 13¾ 13½- 16¾ 15 - 15 . .. ..... ... • . . . .... ....... ... .. .. ... . ...... . ....... .... 13¼- 20 2~~~~~id~.t~d CM<i:) .. ~~~~.~ ... ~~~~.~~~ .~~~:.~'.~ .~~ .. ~.~~ ... ~~ ..:.~~~ :::: :: ::::: .~~--~.:~~ -~~. ~.~ .. -~~.. ~.~ ... ~~ ..:.~:.. Cumberland .. ..... 41¾- 47½ Del: & Hud. Canal. 134¼-141 ieh1~h ~ Sus'ban:na ........... Pe~iis;r:a!{~~·:~:~t~lli6'7¾.:iioji ~Ch}lylkill .. · :·· .. 13¼- l~¾ t:iprmg :Mountam •• 55 - 56.¾ Sp_r~ce Hill . ................... Wilkesbarre...... . .. . • .. . . . . . Wolf Creek ......... 82¼- 97¼ Wyoming Valley... 5() ... 53¾ Ga, shares, viz.: Citizens ............ 11& -118 Mauhattan..... .... . ... ... . ••• Mining shares, viz.: Copake Iron ....... O½- O¼ Mariposa Gold ... .. 12¼-15 do Pref. 16 - 19¼ 4-.! - 45¾ 132,¼-185J~ . . . . .. . . . . . 1!~¼=-1~6¾ 12 -16 44 - 45¼' a - 4% tiO - 60 50 - 50 92¼- 96¼ ... .... ... . 49 - 52.¾ 44 - 44 1··.········· I i~fJlfiWf~~!~~:: 41¾- 45¼ 133%-136,½ . 5¼- 5¾ l~¼=-1mt 15¾-17¼ •. ......... :~~~.::~~~ 42¼- 46,½ 43 - 49 1 44¼- 47¼' 13,3 -136 141¾-150.¾ 145¼-155 . . . . • . . . . . . . . • • .. . . . . . . . . . . . . . . i ai. ·.:.ias·. i,io· ·.:i,if. 142. ·.:.1,is" ................... .- .. . .. .... . . . 42 - 55 39¼'- 54 32.¾- 39.¾ 4½- 7 4 - 6 4 4)€ 48 - 48 48 - 52 53 - 55 44¾- 47 46 • 48¾ 46 - 56¾ 53¼- 6'7¼ 14li_½-15C 150 • 155¾ 151 -154 152¼-160 . . . . . . .. . . . 3 _ 5 4¾- 4¼ . • • • • . • • • .. iw· .:.157 ......... : ... li5s° ·.:156,½'li!53. ·.:.i58 •. :·:::::.::: .... . ..... . , 8 - 8 75 - 80 ·ss--.:.·ss" ................ ...... 4 - 4¼ 3¼- 5 4 - 4¼ 4 - 4¾ 54¾- 54¼ 52 - 57 58 - 71½ 53 - 55 :.~~ -:t~-:t 73 60 - 68 13 - 17 10¼- 10¼ 19¼- 21¼ 17 - 203' 50 50 64 ,. 71 .64¾_:·90" 155 -lliO 152 -165¼ 4 _ 4¼ ......... .. i5o· ·.:150 ............ . ··;···· ·· · · :::::::::•: 7o - 8j 70 - '2'0 8½- 4.J,.( .. ........ . 63 - 75 55 - 63~ t :: s1· ·.:: 4i · · ·39¼::40· · ·40· ·:·4c> · ·a1¼: ·40· · ·40· ·.:: 40· · ·40· ·.:· 40· · ·35 ·.: ·40 · · ·a5· ·..: ·37· · ::: : ::: :::: ...................... 105 -10!5 .......... . ........ • ..................... !50 -150 .... ..... ... .... .. . ........... . . 10¾- JS 'mt-12¼ 11¾-13¼ '1i··.:·13¼ ·1oj.i.:.· i2ji ·10¼'.:.·12¼ .ii° .:·i2ji .ii".:_·j5~~ .13¾::14¼ ·12··.:_·i5Y. ·12".:.·is" 15 - 17¼ 16.¾- 18¾ 17¾- 25¾ 19¾- 26¼ 21 - 26¼' 22 - 27¼ 26¼'- 28¾ 27¼'- 35¼ 27¼- 32¼ 24¼- 31 27¾- 32¾ :i~~.::~~-: ·~r:·j; .:~.. ~ : .. :~~::.: ~~~ :~~::.::~;:: :~;~.::i;~ :~;~.::~i~ -:~:~.::: :~::.::~~~ :~i::.::~~:: :~i: ..::~,~~ Rutland Marble .... 12¼- 17½ . .. . . . . • . . . .. .. . .. • •. . . .. . • ••• .. • . .. . . . . . . . . . . . . . .. . . . . . . . . . . . . . . . 16 - 23¾ 23¼- 32½ 29 - 33½ Smith &Pnrm, Gold........... .. ......... ........... ........... 9¼- 10½ 9¾- 9;/g 8¼- 10 ,.......... 9¼- :1;v. 11¼- 14½ 1 lmprov't sli.m·es. viz. Boston Water Pow. .. ................. .. . 84½- 43¼ 34J(- 51½ 33¼'- 51¾ 31¼- 36 28 - 34 30¼- 35 31¼- 34 Brunsw'kCityLand ··s".:."s ........... 5¾- 6¾ 7,½-12 8¼-10 8 - 8¼ 8 - 9¾ ...................... 7¾- 8½ Canton............. 42 - 45½ 43 - 44¼ 43¾- 48¾ 47 - 57½ 55,¾- 62 5374-;61¼ 51 - 55¼ 51¾- 5.'l¼ 62 - 56½ 53¼- 57¼ Cnry ......................... _... . ................... 14 - 14 12 - 14¾ 12¼- 18 .......... . 114 - 14¾ 14 - 14 ........... 'J't},'pli sh.ares, viz.: West. Union ...•.. 44¾- 58 54 - 70 57.¾- ti9 52 - 59 57 - 64 49¼ - 6'..? 51 - 57½ 55 - 59¼ 54.J,.(- 5R¾ 51¼'- 56¼ do do (Rus. Ext.) ........... .... ....... 108 -109 106¾ ·100 107 -108 105 -107¾ 10/> -110 102 -103 95 -100¼ 97 - 98 St'ms'p s!tares, viz. ; Atlantic ............ 1108 -13.5 102 -136 128 -133½ 121½-13-3 122½-132¾ 124 -130 111 -125 112 -115 110 -117¾ 105 -116 Pacific ............ 180 -210 185 -212 205 -215 215 -227 225 -225 210 -212.¼ 20~ -216 213 -222 219 •222 215 -234 do (Scrip) ...... 160 -203 165 -200 190 -200 190 -209 216 -218 . . .. . • • . . . .. ..... • • • • • • .... • • • • • • • • • • .. · · · 1· .... · .. · · · South Am. Nav ........................................ . ........... . ........................... . . ........ . Union Navigation . . 100 -100 100 -100¼ 100 -105 105 -106¾ 100½-106.¼ ........... • .................... 104 -108 108,¼-104¾ I I I l 23 - 29¾ 21 - 21 7¼'- 12¼ 8.l.&- 8¼ 27.V.7 44 14 - 33¾ 28¼- 32 9 7¼- 8 57¼ 44 - 50¼ 14¼ ......... . 44 - 53 43 - 50 91 -132 -246 103 -113. 160 -l'H 96¾- ft1¾ 95¾- 97¼ ·1 ········· ............. 109 113 · · · .. · · · · · · · · · · · · · · · · · -111 -114 110¼' 113¼ 101 -107¼ ~~t:?t : : : : : : : : : : : : : : : : : : : : : : : : : : : : : : : : : : : : :::::::::::!~::::::::: ::::::::::: -~..:!~.. il¾:: i :5¾ .Miscel's shares, viz : Contra! Am. Trnnsit 15 28 ,Tow York Guano... 22 - 12 :f;_f';!;°U~.................. . https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis 22 - 22 18 ......... .. - 92,¼ lS ·oo...:.· 23 - • : : : : : :: :: :: ·0·5· ·.:_·95···· :. :.:·:·:·:·:·:·:·:·:· :9:7:::~:9:7:::jl:00::::~·1·00:::: 1:05::::~1:05::: : .l~, .,..• ~1·~·· = ---------- RAILROAD AN.D MISCELLANEOUS STOOK5. 69 186'f. New York Central stock rises from 86¾ in February to 123i in November-a fact accounted for by continued purchases by the Vanderbilt partr, Speculation generally quiet. Express shares admitte,l on Exchange list in October, but by close of vear became depressed. Chicago & Alton, on prospects of extra dividends, advanced (December) to 130½. Pacific Mail fell off from 173 in January to 1081 in December-a decline predicated on the advanced condition of its rival, the Union Pacific Railroad. Erie at 52 in March, rises to 77½ in July, and continues high to close of year. Illinois Central reaches 133¼ in December· opened Janu'ary a.t 111. Ohio & Mississippi certificates converted (December) into stock. ' Stocks. I January. lFebruarY:---1.March. -I April. l__!foy. 1_:~-1-_!uly.:_I Augu!!t.1September1~ober:_1November.1~~mbcr, 1-R 1ilr'd Share List Boston,Hart. &Erie/ ··········· ................ _. ......................... ··--····· .......... Cent ofNewJersey. 124 -125 1120 -1:la 116 -118 Jll!l,¼-115,¼111'\ -118¼ l l1tl -12LJ.,,'IH1 -122 Chicago & Alton .. .. 105 -110¼ 106 -116 1053(-108¼ !05 -107 101 -108 109 -114,¼ 114 .-115 " µref.. 109 -112 11~ -116 106 -109 1108 -10!) 111,¼-111,¼ lll¼-llli,¼1117 -122 Qh'. c ,;3ur & Q ·1~ncy 129 -132 12'7 -130¼ !29¾-132 130 -135 1~0 -132 132 -142 14 I -lfiO ... 1 - 15 . .... ••..•• , 10 - 10 Cb1ca.,o & Gt. E1st.. ...• . .•• .. ..••..• • •.. .. .•....••• 8 - 10 1 35¼'- 397'{ ·a2¾.:.·afiy.1·ao··.:.·atiYal'aU,.:.·s;¼ ·a3¾: ·«¾ ·43· .:.·iii( " pref.. 57,¼- 83¼ 63¾- 69¾ 59),(- 65 ¼ 56¾- 65,½f ' 56¼- 6C¾ 58 - 6.5¾ 64½- 73¼' Chic, RI & Pacific . . 91 -104¼ 95 -100¾ 9t¼- 98¼ 85,¼- 93¼) 86,¼- 92½ ~7,¼- ll5¾ 9!l½-104 8~l~!f~ t~~:I~!,.n : : :¼ g~~:i~l 1lg~~\f fo5··.:.i1C 100··.:.ioi;" Cl eveland, P & ',.sh ............ . 1503(-1511),( Cleveland & Pittsb'g 75¼- 91¾ 79 - 85¾ Cleveland & Toledo . 117 ··l!ll¼ 117 -1ll Delaware, L'lck & W . .•• . . . . . . ......... " scrip . • • • .. . . • . . . . •• • .. • .. . Dub'e & Sci. C. pref. . . .. .. .. .. . .Erle . ........... .. 52½- 68 ·55ji.:·6i¼ 70 - 75 " p ·l:'L ......... 69 - 86 Hannib.& St Josep b 57 - 51 5'3 - 5~ " ·' prcf.. . . .. . • • • . .• Hartrord&N.Hav. n .......•. Hnd!!on River . .... . 119 -135¼ 128 -13S,¼ Illinois Central ..... 1111 -122 114 -li7 lndiannp & Cincin. 84 - 87 84 - 84 Joliet & Cbicugo.. .. .. ....•..•. ...••••• ... Lehigh Vlllley ....... •.•.. •• . .. . .. . . . .. .. • . Little Miami . . .. ..• .. . . . . .. . HO -100 i~~~eisl&l~~~~~~·til : .. ~.: .. gg :1gg¼ .... ... . .•. 78¼- 83 116 -12i !ZO -120 .. . . . . . • . .. ·s;i ...:·;,i¾ 69 - 73 . . ... _.. . ••. 51 56 .. ......... 135¼-140 114 -116 85 - 85 ..•.... .... . .. . . . .. . . . 105 -105 14,¼-15¼ ........... 1~1 -121¼ 12Z -123 111 -111 117 -125 ll4 -l ·W 118 -128 126 - 150 12! -12GX . .••...•.• . ·«y..:.·50 .. ·ss}i-·4~¾ 15,¼'-17 15 -16 10¼-111¾ 120 -1:M 1119 -120 1113},(-11!) l!A:l -11!5 120 122 1:.!H4-130,¾ 125 -1'28 125 -128¼ 126 -130 1.2~,½'-137 13.3 :135 113G -137 la - 18 20 20 ) .......... . !~½::: l~¼ ·4oii.:·6s~, ·is-·.:·65¼ 11:2¾- 67¼ 66 - 71¾ 61½- 71,¼ 6:3 - 71¼ 65¼- 70 99,¾-103½ 99 -105 94 -104 94½- 91½ zg '97··:·oo·· ~~¼=1gg .98,½.:.iot,½ ·gs".:ioo" ioo".:.ioi" ioo.. .:.ioi>i ·91··.:·99¼ = ii¼ IJU,¼- 911¾ 97½- 98J4 . ... . ... •• . ... .• .. .. . .... .. .. . . . ... . .. . ... .. .. .. . .... .. .. . . . . ........... 104 -Hl4 1(:'.l¼-101!]4 653(- 793( 71¼- 75¼ 75¼- 86.J,.( 84 - 95 Ill¼- 96 75,¾- 94),' 77),(- 8ij½ 81 - 85 82 - &3~ 109¾-121 1123(-114 113¼-122¾ 119,¼-125 121¼-1'27¼ 1'25)1(-131 { 1l1~=i~Pf 100 -10,1¾ 97 -104 11-2 -112 120 -125 125 ~13:'J 130 -130 118 -121 118 -123 lU!l¼-113 11 'l -114 111¾-l 14 .. • . . . . . .. .. . . ... 118 -122 124,¾-126 116 -116 113 -118 10!) -lU!I llL,¾-113 112 -112 · 55 - 56 59 - 60 70 - 70 ................. . 53 - 64 53¾ - 65¾ .53¾.:.·iri¼ .65¾..:·,frj,i .66½:·7i;¼ ·s9".:.'7i~ (j3¾- 76~ 69¾- 74¼ 7t - 74¼ 6!JX- 72 71¼- 73 7t - 75¼ 7;;¾- 713 7t.i - 79 74 - 7t.iJ,. 75 - 80 7ti - 80 73 - St 45 - 53 .. .. ... .... 49 - 50 ..... ... .. .......• . .... . •. . .... . !IJ -110 ........... 50 - 50 55 - 56 55 - 55 53 - ti4 63 - 63 63 - 63 63 - 63 61 - 63 62¼- ti2½ t,1 - 63 1:4 -1 i4 .............................. . ... .................... ...... ...... .... .... 1. .. . . --···· { 1ii~l~i~ 96 -103):( 102;1-110 109¼-1227'{ ll!l;.{-125½ 124¼-135½ 1257'{-133 123¼ -126½1124 -133¼ 111,¾-116 113,¾-116 117 -122 118 -124 11~7¾-122¼ 120 -122 m -1~6 1~ -1:~4½ l·!!l¼-1~ ...•..•• . .. 79 - 80 . .•• • . . 80 - 81 81 81¼' .......... 1 70¼- ·,O¾ 63 - ti8 tiO - 60 .••..••...• . .••• .-. . ... ·-- ................... 193 - 95 95 - !l5 .......... . .. .•.. , . .•• . ....................... .................... 102 -102½ 101 102¾ •. • i:::~:: i:~:~~:: ·25··.:·25" ::::·:.:::: .i2. :·ff· :~::::~~ :~):i~i :i)\~~l:i~::\~:: :i/::): :~)\): " 2d pref.:· ..••••••.....••••• . •.. . .•••••••.. ( ..••.• - . ... ::::::::::: ·--········ ...•• ~ .•.•..•••• ~. . .. . a : 5 ..•••: ••.... ••.•: ••.•.•.•••: •..•• tr·cbtgan CentT'fll .... lO'l -1CS¼J107 -107)( 106 -108½ 1107.¾-108¼1108¼ -110 1108 -114,½' 'ili9 -112¾ 1.:.\r.Jf4 -ll2 108 -lll¼l108 -110 J106¾-110½J107 -113 ·~-~~ :~~~.7~~ .:~~:.::~ :¾: w•41·~~~~.:~~I.~:~~.'.~~ .:::~~.~:': .::~~~~ .7~..~.~~1-::~~.~ .. .. , .. ~. ~~ '.~~~.~~ . ~~ thc:~i~n:i~t::it .~~. " 1st pref.. 90 -100 90 - 90 .••••• ••••• 85 - 85 87 - 9:J ........... ····--····· 91 - 91 ........... 95 - 95 ............ 9;i.J.4 - 98 •• 2d pref . . \JO - 90 . . . . . . . . . . . . . _. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ... •... ... · . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 77 - 77 . . • . . • . . . . . 85 - 90 Milwau. & St. .t'aul.. 33 - 47 3ti¾-41 33 - 35 25 - 36 33¼- 37 33 - 40~i ~40 - 54 47½- 51 3S½- 48¼1 40 - 47 37 - 42¼1 40½- 49 pref.'. 52,¾- 70¼ 66 - 6J 50 - 56 47¼- 56¾ 63¼- 57¾ 54¾- 60 tiO¼- 68¾ 64~- 68,¾ 60 - 67½ til - 68¾ 59 - 63½ 6U¼- 65¼ Morris & E~sex. . .. . . ..•.•..... 70 - 70 • . ....•.. 67 - 67 65 - 65 .••...........•...... .....•... · --··· · ......•. .. . ... . .......... :New J e rsey . .. . .• . · ··-- ..... 135 -135 ........... 140 -140¼ . .. . ..... .. . .. ...... . ... . . .. ... .. .. ... .. .. . ..•... 135 -135 132 -134 New Y, rk Central 96 -113 . 98 -103,%' 100,¼-106 95¼-105¼ 97 - U9¾ 9~¼-l~Ji !(!4¼'-1!0¼ 103,"9-105¼ 11?5¼-109¾ 108 -115¼' 1113(-116¼ 11~¾-11 8¼ New York & Harlem .. . . . . ... .. . . . . . . . .. . . . . . .. . . .. . 93 - 95 96 -10.> 105 -115 ........... 1.2 -115 100 -100 •••••••••. 111:i -lltl " pre.. ... ... .. 90 - 90 . 85 .. 90 . 85 - 85 . 98 - 9:l ... • .. .... . .. .... . . ....... ... lW - 115 100 -100 . . ........ 112 -ll·l N. y, ,rk & N. Ha,·en 114 -116 115 -118 116¼ 121 119¼-123 115¼-117 115,¼-123 117 -120 125 -125 12·l -124¼ 12L -123 120 -124¼ l:M¾-140 Norwicb &Wo1ces .......... . ............. 95 - 95 9J - 9n . .. ... 93 - 93 91 - 91 19~ - 94 92 - 92 Hl - 9:! ......... . Ohio & Mississit,)pi. 23,¾- 24¼ 24¼- 26,'i 2:i,%'- 29 22 - 277'{ 20½- 25¼ 24 - 27¾ 26 - 28¼ 26 - 27¾ 25 - 28½ 247'{- 27¼ 23¾- ~6¼ 2/iJi- 29 •• pref•• 87 - 8!) . ......... 70 - 70 ............ ... .. .. ....... , .•... 165 - 67 67 - 6(1 ......... 72¼- 74¼ 7-l - 75 li9¼- 70 Pmama ......... .... 26tl -'Ui0¼ 260 -261 263 263 254 -258 254 -200 .. ........ 256 -260 261 -270 300 -312 :4:)9 -311 295 -3!10 2911 -294 Phi adel. & Re11 dmg. 99,¾-105,¼ 1U3¼-106¾ 100¾ 103 !17¼ 104 10l¼ 104¼ 103½-109¾ 103 -111 102¾ -107¼ 101¼-104}4' 95¼-102¾ 95¾- OS,¾ ~H¼- 9ti¾ Pittsb., Ft. W. & Ch . 9-2¼-105.¼( 94¾- 99¼ 92¾- 9i,¼ 89¾- 95¼ 9:; - 98 96,¼-103¼ 100 -J.07 lUo¼·-107 99¼-106¼ 96¼-101¾ 95½- HS,½ 97 -l()( JJ,.( R ome, W & Ogdensb 95 - 95 . . . . . . • . . . . . . . . . . .. . . . . . . .. . . . . . .. ... . .. ... . . . . . . . • . . . ... .. ..... 105 -lO(i 108 -lL,8 l:!t L .• A. & '.l'. Haute 31 - 3S¼ 3~ - 35 30¼- 34¼ 3i. - 3.5· 35¼- 40½ ·40· -·ss}i 50 - 55 ·so - M · ... ·----·· 4'l - 52 50 - l'iO " pref tlO -67 62,¼-ti3 60 -64 60 -61 66 -70¾ 75 -tia 83 -84 78 -83 G7 -67 65 -68¼ 66,¼-67 ·uii'•.:_·67 . . fle rond Avenue . .• . 60 - 60 ::;5 • 55 .• . . .. 55 - 56 .. • • • • • .. •• 65 - 65 60 - 60 .. . . .. . . . . .. . . . . .• . .. iiO - oO SixthAve.nne ............................ 1120 -~20 ........... 116 -116 .................... . .................... 125 -125 ......... -- .......... . Ston (N. Y ., P. &B.) 96 - 98 .........•. 80 - 90 SO - SU .. .. . ................. 100 -100 . ... .... . .. .... .••... 8:i - 85 ...•.•....• 1 1 39 ·- 43¼ ·34--.::a9~ ·.:.·43 .. ·4i¼.:.·41¼ ·4;.¼.:.·cisi< ·-iii .. _·si · :f~l!~o~w~~we~t.: :g : :¾ ·ar·:·4sj.;1·a1¼.:.·s!i¾ ·38¼.:·-izi ·s6··.:.·i)¼ ·as ·as··.:.·4a¼ ~~l;ei·.~~~:!!!i: 1: .:i::.r~.:::~:·.~~~~-;~...~!~~.~~. :~~::~:~~:: :~;~~::;~~ :~~t:~~:: :~~::::~~:: :~~t~~:: :~t::~;:: :~;tt:: !~~!I~f~t;~e.~~t'. i~ : i~ I~:. :.~:. 4~~= ftM1.~ ..:.~~.. 1-~~ ..:.~~. 4~ : 4~ 1.~~. :.:~...~~. ~.~~. ··r:·:--5 .. 4g : •g .~~ ..~.~...~~. :.~~ 01 - 91 Butler .............. 10 - 20..½' Cameron....... . .... 10 - 12½ Ce11tral ..................... Cumberland . . . . . . 35 - 94 ............. . ........................... 10¼- 10,¼ ................. .. .. , .. . . . .. .. ... •... • 1.... • .... • 43 - 47 45 - 48 41½- 45 ........... 41 - 41 313 - ~6 25 - 36 2(j - 34 29,¾- 32 ::10 - 35,½ ~~;~~~t~:1~.~:~~: 111~¼~15;¾ 14~ .. ~:~: .. :~~ .. ~117 . !:~~--~:~·!. 147~~:~~ .. 15 .. 44,Ji3.''>¼- 20 l o!,,(-17,¾ · .. · .... · · · · 4fl3';' 35,,.;- 35¾ 41½ 33¼- 31½ 1:~~~~:~4 1~~~~:~ .. :~~--~::~•• .•.• ....... •· · • · · · · ..... . .... 40 - 42 29 - 35¼ 26 - 30 1~~ .. ~:4~. • ........ ... ......... . • · · · · ,:· ~ .. - · · · · • · •· • ·• • 4ng1 _ ~ ·;.. . .. _•• .;,.•• " "° ,.7 8ill 146 -148 144 -148 f;;g~;r~rie.1 ~: .::::: :~ .~:~~- :~~ ..~:~~ .. :~~ .. ~:~~ .. :~~ .. ~:~~.. 1g?¼=1gg¼ :~~~~:~~~ :~ ..~:~.. ::~ ~~::~ .. ::~..:::~ .. ~~~::~~:~~ iio··.:.i10 .. Sprin~Mounta'u . .. . 70 -75 ti5 -65 .......... 45 -45 ........... , .... ····-wn~ee~b~r:r~~~;::·:·:: ·(!\· ·.:·u0 l·36··.:·4f' ·35"~·35·· ·35··.:·as·· Wyom1n2, v~:!.('V •• · ·- ···· _ , .... - .. . • •. ·-···- ... 1· •••••••• .. 1........... 8-Gas /:Jhare List I C~tiz ns' (B, ookl)D)I . .. ............................... 126 -:30 130 -130 g~~= :g ·25··:.-:, . M~',I:~i~n .:::: ... 145":i,is · 145 ·.:.foo" ~~~ •. :~~~ ::::::::::: 44 -45 ...... . ..................................... ······••••• ·37··.:.·,u·· ·ar·.:·sr· 35··.:·sf·1·ai .. _·3i" ·25··.:·25·· ...••••••• 10 -10 ..•••••••••• -......... ····· - •••. :~::::.:::: I I .......... 127 -127,½ .......................................... . 155 155 iiio··.:.i15· iG7¼-167¼ ::::::::::: ·:::::::::: i-io".~150-· 156 .. .:i5n" iss"~ii,5" :~.. ~:~~ •. i~s··.:iM.•• - :~11!i:-,~;~.:;i~~[: :::.:· ·:.......... ::::::::::· . ................... ::::::::::: ::::::::::· :::·::·:::: i80...:2so............. ::::::::·:: ~~.-~:~.. Comoli'd Greg'y g·1ct . .. • • .. .. .. 10½- 14 11 - 1~¼ Mariposa gold . .. 9 - 11 !-I - 10¾ 8 - H¼' New;:rsey ~.~:~ .2:~~.::...:~ New York g old ................. 100 -100 zl1,:~~ .. :,.:~ .. Quicksilver......... 6- ielegraph Sh's.l 9¼' !i},~- 8¾ I 6.1 '- 8½ 6¾- 8 .:.:3~ .~~--~.:~ ...:~~: :~ .. 35 - 45¾ a8¼'- 41,11 30¼- 38¼ 25¾- 33 Boston Water Power 2!1¼- 30 Brunswick Land ... _ 8 - !I ~:~tn1~~~.~~~~:n~n~ 8¾- .:'.~~.:::" 22¼- 25 18 - 23½ 17 - 20,½ 18 - 17¼ .~~ .. :.~~~ .~~--~.~~:". .................. ......... ..... . 22 - 30¼ 1 24 - 32.¼ 31¾- 3fl¼ 27 - 33¼ 24¼- 29 17 - 26¼ 15 - 1S¾ 15 - 22,¼ 25¾- 28½124 74 - 27¼ 2H,- 32¾ 26¼- 33¼' 23 - 24¾ 21%- 24¾ 19 - 22¼ 16 - 20¾ 15¼- 20 8¼- 8¾ 6 - 8 .... . ..... 4 - 6 5 - 5 5 - ti 5 - 6½ ....... .... . . n½: n~ .~~~:.~~...~~ ..~.~~~ ~~~~.:~ . .~:~~-~:~ :~~:.:~~ .~~~~-~~~ .~~ . ~.~~:~ .:~. :.~~- i:u: t? .~~.. ~.~~~ .:~~~.~:~ .~~~.~-- .~~ ..:.~~...:~~:.~~~ .~~~.~~~1.~~ We~~eru U~i(ltus;;l) 7-St'msllip Shares. Athm tic .Mail ...•• •• 195 -110 Pacific Mui! ... : ..... 150 -178 79¾-105 122 -160 ~.:~;~:1~t~:~: i~u~i~;~ m:m Adams ......•...... 63 - 75 55 - 67 Amer can.... ... . 70 - SO 54.¼- 60 Merch'sUn., $25p'd. " " 30 '' . . • . . • . • • • . 78 - 91¾ 7ti - 93 117 -132 118 -128 55 - GlX 55 - til .. ......... , . . . . .. . .. . 55 - 61 58¼- 66½ 62 55 - 5H lil - 71¼ 61,¾16 - 17 rn - 1H 8 .. .. . • • . . . . . . . . . .. . .. . 18½- ·.:.·o~" .52".:.'75" u~\ted s~:tes.~.'.' ... 65¼•.._.7i . . 54,½.:.·s7"l•54":·50" ·54· Wells, Fargo & Co. . 67 - 70 54 - 70 54 - 677'{ ti5 - 70 Central Am. _T ransit ..................... • 1· ... , ...... 117 - 17 Home Insurance .............. . . ............................. Union 'l'rast........ . . . . • . . • . . .. .... , •••• 110 -110 111 -111 U11itedState1'1'nat . ••• , .• , ... ...... ............................ . :.~:~ 4 ti4 - 68 80 76 17½ 20¼' .~~~~~.~~ .~~ . :.~~·-'1-~~~.~~ .~~:':~.~~.. 114 -121 115 -121 !17 -145Ji 108):(-1303( :::::::::::!::::::::::: ::::::::::: ::::::::::· ::::::::··. ::::::::::: 66 64 10,½15 - 74,½I 72 74¾17L 12 1~ 2L 16 ·52· ·.:.·77" ·u1· ·.: ·77· 64 - 6~ 16):(- 18¼ 17¼- 19¼ . .. .. ... . : ~~~:~~~ :~~:.:.~~ .~~~~ ~!:. 90,¼-101,½ 102 -10!/¼ 107 -113¼' 111 -114 10!1 -113 112 -118 124¼-120 123¼-143¼ 139,¼-148¾ 141¼-14GJ.; 1J5,½-144¼ 139¾-150 ii5".:.ii5" ::::::::::: .:::::::::: ::::::::::: 9-'11-ust, J.ns &c Sh's https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis 6,¾'- 6j£ .................. .... . .. . ................ . . .... . ............... . 6¼- 8¼' 9 - 12 9¼- 11 9 - 10¼ 7¼- !l½ 8 - 9½ 7¼- 8¾ - 71\,¾ 77¼' 13 19 72½- 78 64 - 70¼ 65½- 68 5q 57 10 13 - 7t-¼ 73 15 22¾ 55 - 67.¼ 66,¾- 81,¾' 77 - 84¾ ~ - 67¼ 66 - 78}✓• 74.¼(- 8-J¼ ........... .... ••. . .. . ........ . .......................... ...... . g~¼: ~!¼ :¾= ~ : : ~¾ 54 - 60 00 • 57¾ 47½- 59.¼( 42 - 50 ~¾: :} ...•... ; .•. 121 -121 .. .. ....... . ........................... .. --····· .... ······••••• .. , ••.••. 108 -10S .. .. .. .. . .. .. • . • • . • • • . . . . . • • ••. 112 -112 113 -116 ........ ••• ·· ··-· · ···· .......... ltiO -160 ................................................... _.. RAILROAD ANJJ MISCELLANEOUS STOOKS. 1S6S. This year was marked by the contest be~ween the Erie and New York Central Companie_s. Erie fell off from (Marc!:~ 81f to (~ovember) 35-½ .. New York Central mai~ta1~ed a bold front thr_ougholl:t _the year, commencrng at 117¼, rising (July) to 136!, and (December) rangmg 123¾@159j. Depression m coal shares. Pacific Mail 10 January up to 115!, April down to 86, December up to 120f. Chicago & Alton (September). 158½, and continued high on the prospect of an extra stock dividend. " Henry Keep corner" in Chicago & Northwestern. stock, which rose in October to 97!. "Vanderbilt corner" in Erie, as against Drew and Fisk the latter 1retting tbe best of it by an issue of convertible bonds, which were immediately exchanged into stock. In November, Fi~k cornered Drew in his Erie contracts. The Milwaukee & St. Paul, or "Garner corner," in October, carrie.i the price to 111, but proved a. failure for the clique. Delaware Lackawanna & Western Company leases the Morris & Essex Railroad. New York Central 60 per cent dividend declared in .December. Panam_a pays an extra dividend of 20 per cent stock, (September). In addition to the rang-e below, there were also sale!! of Columbus Chicago & Indiana Central stock at 40@41, and .American Merchants' Union Express at 42. Stocks. January. February. 1-Railr'd Share List .Boston, Hart. & Krie 13¼-17¾ 14 - 16¼ 13¼- 16 .Buffalo, N. Y. & Erie Ce ut'l of New Jersey ii4¾.:.frt¼ ii5' ·.:.ii,i'" ii~··.:.iis .. Chk ago & Alton ..•• 1~0 -136 128 -136 129,¼-131 " " pref. 131 -140 133 -138 1a2 -13:1 ¼ Chic., Bur & Quincy 138 -143½ 141 -153)4 149,¼- 150 Chic & Gt. Eas Lern 72 - 72 Chicag o & Milw ,uk. Uhic. & Northwest. 58~-·62¾ 58¼- 61¼' 62··.:.·69¼ 72 - 75¼ 72¾- 76¼ 70¼'76 " " pref. Chic, R. I. & Pac1llc 93 ~✓.-100¼ 9ti¼-lU2¼ 91 - 98,% Clev. , ol. Cin . & Ind 9S74-lOL :01 -llO 101,¼-10!:i ( levela : d & Pittsb ' g 87¾- 98¼ 93,¼- 98¼ 88¼- 96¼ C 1eve1a11d & Toledo . 97¾-114¼ 105,¼-113 102¼'-lUS,¼ lJcl., Luck. & We ~t. 107 -!12 114 -115 113¼-114 " " scrip 107,¼-107¼ 50"-'53·· Dubuq. & S. City • . ;39 - 50 75 - 75 ·• •• i,rcf. til?-,- 78¼' ·iisx.:.·ai¾ Erie . .............. 74 - 80Ya 75 - 8::l • pref... • .... 72 - 83 74 - 77 58¼- 74 Hanib. & St. Joe . .. 51 - 61 72 - 82 80 - 85¼ " •• pref. 6l - 73 Hart. & 'I'. Haven .. i4o· ·.:i,ig· · !3o' ..:i45 .. lludsou River ..... .. " " scrip. Illinois Central ...•• i30¼.:.i36¼ iaa¾.:.iag·· ia6· ·-i-io .. Ind. & Cincinnati .. 60 - 60 . • • • • • . . . . • 59 - 69 May. April. March. 14¾- 15 :1!1 1~ :11l?i,½ lLl4 -104 43 - 45 25 - 35¾ 11 - 1fl lll_S.(-114 88¼- 94 9:1 -100 ~~¼: gy¼ g~ : 0 , ~~.~~~tr?;~·&-i3>:: 0 •• " J)re l 16 - 16½ September <1 ctober . November December. I i::~~i:.:b\:- 137 -1:18 136 -141 128,¼-129¼ 138¼'-145 164 -165 170 -173 40 - 40 141 -158,¾ 144 -158¼ •.•••••..• 3~ - 40 ........... 150 152 168 40 -155,¾ Vl4 -151 -156 135 . -150 -171 9 -170 - 40¾ . ... iio¾.:fri .• 140 -147 138¼-146,Jt 170 -175 ..... ........... 85 - 8'. J¼ 84¾- 89 80 - 92 66¾- 91¼ !:!4¼'- 90 84.¾:- 91¼ 81 ¼- 89¾ 82 - 88~ !J7,¼-106¼ 105~-110¾ 103>f:-ll0¼ 102~-104¼' 98,¼-102¾ 100,¾(-103¼ lOl¼-106¾ 95 -103 9ti~-ln2¼' 114 -115¼ 118,¼-125 12:3 -124¼ 118 -118 118 -120 118¼-l:22 121¼-132 126 -130 125 -131 117 -117 .73 ...:· 78.. ·15° '95" "97 ·.:.'it'' 92 - 97 95 - 95 96 - 96 .67¾.: ·'7i .. '45ji.:.·f8¼ 46 ·6s .. 65~i.:_'75" - 52¼ 3'3 - 49¼ 87¼'- 41 7-l - 71 75 - 76 74¼- 75¼ 68 - 7::l¼' 68 - 70¼ 65 - 71 69 - 75 60 - 65 59 - 65 8ti - 86 84 - t 5¼ 87 - 90 80¼- 87 9,1 - 90 73 - 77½ 78 - 83 90 . - 91 So - ·91 87 - 8:),½ 83 - 86 87 - 9J 87 - 89,¾ 86 - 92¼ !JO - !13)1 81 - 85¼ 8::l¾- 87 ........... .... . 21::J -225 ........... ....... .... . ...... ... ······· ·••· ~22¼-11P ia6· ·.:.1-ic 138 -143,½ 133 -130¼ 13:1 ~140 133 -142 134¼-139 120 -138 124¼-135¼ ... . 90 - llO 90 - 9/3 181...:iit¼ i,i5ji.:.i,is¾ i49 -158 i4i...:.is9 .. i-i2,¾.:.i5i½ 143½'-146 143 - :47¼ 141 -U4 140¼-144¼ 50 - 52 ............ 61 - 51,¼ 50 - 50 ... . 54 - 64 . . • .. • • • 50 - 63 ....... .. . .... ... ·••·••··•• . . . .. . . . . . . .• .. • . ... 25 - 25 · 27 - 29¼ 10 - 10 113 -115½ ll8 -121 83 - !H¼ ti2¼'- 91¼ 99 - 99 lOO -10-l ~~ : ~l;4 ti3¼- 71 '.~¾- ~~¼ .. ........ . ti::> - 6.> . .•• .• . :3::i -B3 110>.(-13·) l:27¼'-131 .......... .. .......•... . .. . ....... • ...... 137 -!42 150 -159 94 - 94 . ..• . •... 28¾- 3':l¼ 29¼- 31½ 76 - 7d 7:) - 80 . . .. . .. . ... .. . • .. . 295½-316 315 -330¼' Sii¼- 91¼ \-10 - 96¾ 99 -105 I04 -116 84 - 8ti S6¾- 89¼ . . . .............. .. .. 40 - 45 43 - 49¼ l:i8 - 6d 66 - 7:3¾ . . . •• • • • • • . . . . • .• ••• . ~i¼: lJ¼' ~~ : i~ ::::::::::: ·90· .:·9:i .. ·g~ .. .:·92·· 42¼.:. ·,i'i' .. ·45.. .: ·47¾ .46¼.:. 65¾ ',i5"' .:·52· 68 - 74}8 70 - 74 70½-. 72 ·.:.i&i" ········· ·.:.·1s.. ·72ji.:.·12u ·ooi.:ioi .. ········· .:·fo1 ·fisji.:·12¾ 0 ·a5Ji.:.·rx · ·• •·· .... ....... :i~t ........... .. ~ 0 01>,;.:.100.. 96¼~ioi.. ...... ·········· :1~ : ¼':1i~¼ ·os· .:.ioi" ........... · ·····• · ··• • •·· ···• . .. . .. · .. .:_· 45 :: ::•::~::: :::.::::::: 45 ... . . • 2"s" ·_· ·2,;·. ·,;;· ·--- 28.. . . .•• .. . • . . "'' ~"U- "" 2:l¼'- ~9 J ""' 23¼- 25¼ 25 - ,.., -~,.~ ..., llJ - 10¼ 10 - 10 9 . - lU · • •• ... · · • • . ..... · · • · • l li¼-121¾ ltti¾(-119 118 -121 118 -119 118 \1-1111 ll l -118 115 -129 8ll¼- 9:3½, :l, ¾- 9:J 82 - 8S¼ 83 - 86¼' 83¼- 91 80 - 90 b4J~- 89¼ 10:J - !05 104,~-106 106 - !07 . . . . . .. .. 105 -105 .......... . 1 ~~ 69 - 77 ·11}4'.:.·91¼ 93' ·.:.iii" '5i··.:·97¼ ·6-r ·.:.·10¼ 76.}lf- 79 ¼ 78 - b5 74¼- 84¼' 81 - 96 93 -112 76 - 98¼ 81¼- 89 65 - 65 6'> - 6'> 63 - 64 63 - 65,½ ti5½- 66 •.• •• •... 85 - 95 .... .. 123 -123 ....•..... 132½ -134 120).i-1 34 131½-134 132¾ -133½ !32}1,-136¾ l 'H,½-Viti¼ 122¾-132¼ 1~3 -130¼ 1:.!a iji -130¼ 115 -llt9¼' l 23¾-15tl¼ h!2 -127 12:{ -121 . ...... .. 124 -124 .. ......... . . .. . ...... 120 -128 .. . . ... .. .. t22 -12! .... ... . . . . 122 -12.! .... . . .. ......... .. .. 120¼-120~: 145 -151 145 -145 143 -145¼ 140 -141 141,¼-142 140 -143 140 -140 90 - H\l 92 - 92 91 - 91 92 - 92 . ...... . . . . 90 - 90 91 - 91 2il - 31 ~ 29 - 30¼ 28¼- 31!,, 28 - 29¼ 28¼- 32¼ 28¼- 31¼ 29¼- :w~·, 79 - 7!1,½ 78¼- 78¼ 77½- 79 78 - 811 78 - 71l 79 - 'l9 . ..•...• • . ... . . . . .. ... . . . . ........... -. .. ... . • .. - ..•.•• · ... · ·· • • •· · · •· 80 - 80.J,t 3~9¼-339 330 -38 1 '340 -368 :360 · 369 3-'30 -345 330 -330 327¼-340 9,:Sr.,-Hi6¼ 9 -¼'-101½ 88¼- !J5 8!:l,1,.(- 95,½ 98¾-100¼' 9Z - 99¼ 96,¾- 98¼ 10!1¼'-116.¾ l06¼-110;-,. 105 -tll1¾ W7 -111¼ 10;:;¾-117¼ !05¼-113¼ H!!I -114 !10 - \15¾ ri,: ¼- 95¾ .................. . ................ , •· • .. . \J3 - !13 118 -1l t> 110 -110 . .•••.•.••. 114 -114 .. .••...• •• 114 . -114 113 -115 4~ - 48 40 - 4ti . • .. . • • . • .. 43 - 46½ 40 - 45 40 - 41 67 - 68¾ 66 - 68 . .......... 63¼- 65J' ........... 60 - 62 40 - 46¼ . . • • . • • . • • . . • . . • • . .•• • • • • • ••• . ••• -. •. •. • . . ........ . 1 ~~¼= ;'.~ : W¾ 'iiJ¾.:.·55.. ·oo ...:·so·· ·s,j...:·ao .. ·so· .:·ar· ··•········ ·ss··.:.·ss· · -~··_ sa.. :¼=~i 1 1 49" ·.:·52 .. ',ili. ·.:.·sij; 48¼.:·5 '49"·.:.·53¾ 69 - 69 6:1 - 69 69 - 7:3¼ 73 - 73 7J¼- 78 i½ ·5sji.:. '57·. 73¼- 78 51 - 62 '53½.:.· 59-· 70 - 73!i,! 70 - 70¼ • ~- Coal Share Li~t American........... 49 - 50 52 - 53 45 - 45 4S - 48 A~hl>nr ton.... • • • .. . • . • ... . . • • . . • • • • • . . . . . . . • . • . • . . 43 - 43 ~:;!~t;a:~/:::~~:: ii::~:~~ ·"igi it: :t ifj~~ ·:t~=":~;~ ig : ti D el. & Hud. Canal. 147 -148½ l'ennsylvania ....•• . ~73 -173 .8priug Mo untain... • • •• • .. • • •• 8-Gaa Share List. Citizens .•.••• . •.•• . 132 -135 M.a uhnttau ......... . . ..... .. .. . • Metropolitan . • .. • :41 -141 . 23 - 27¾ 27.¼'- 27¾ 26 - 26 iff ·.:i~2,½ iif '.:i2i .. 0 1 64 - 67 August. i20· ·.:.12t_½ '99}i.:ios.. Vo9· ·.:.fo~¼ 102· ·.:.iusidooi-io1· ~~ Lehigh Vu!ley . . .. ............ l07 -!01 Lo11g Island ....... 40 - 41 ·2·9·. ·_· ·3·2· • M.ar. .&; Cin, 1st prf. 15 - 27¼ ·• " 2d " 6!,(- 6)1 Mi ch1 ~an Cent r,l.. lOo¾-112 112;f-114 l\11d 11gau tiouthcrn. 85 - 89¼ 87½- 9l¼ .Mil & Pdu C, 1- tprf. 99¼'-!Q:1 97 - 99 1 M~~ - & s~. Pa~.'.' •. :~ : ~~¼' .. " pref. 63~- 67 64 - 68 66¼- 7:; Morris & Essex . .................... . ... . ..... ... .. NcwJ rs ey. • . •. 130 -135 132 -!3'2 1.3-J -133 l\ew York Central. 117¼'-132¾ 125 -134),.! 117¼-131.% N t!W York& Harlem !12 -130 129 -Hl¼ .. ....... . " " pref. 123 -123 . .• • . ••• .•. .. • •• New York & N. Hav 133 -140 138¼-141 140½-141 Nor. & Wor ces ter . . . . .• .. . ..•....•...... 9-l - 94 Ohio & Miss . ....•• 29¼'- 34 29,¼- 33¾ 29¼'- 31J( •• " pref.... 70 - 7-l¼ 75 - 78 '16 - 77 Oil Cr ck &Alle"'h'y .. .... •.. .. . . . . . ... . . . . ..• Punam,t. • . . -~ ... 290 -310 315 -315 330 -346 Pld. & R eading .. .. 91¼- 97¼ 9t.¼(- 96 SS¼- 94,½ Pit I:<' Wayne & C. 97 -1017,. 99¼-10:3 9!1¼-103 ½ H.en. & Sar,i oga ... 80¼'- 80¾ SO¾- S:3¼ 82 - 81¼ R ome . W11t & 0 1clen. ...... . . ,17 -117 117 -1~7 St. L, A . & 1' Ha nte 50 - 54 ~ 50 - 1:1¼ 41 - 49½ .. " pref. 70 - 75¼ 72 - 74 69 - 73¼ · Second Avenue..... . . • .. . . • • 45 - 45 . J,ef!~/\\r ~\vesi: July. ·60° .:•&i" .63. ·.:·70" "55j.i.:.·72 .. ·1a··.:.·s~¾ 'so.. .:.·s3¼ "fi ...: 90¼ .88¼.:.· 97~{ '73 ...:_ '!ioYa ·rrii¾.:.·siiji 68 - 76¼ 76 - 80¼ 77,',,(- 84¼ 78¼- si~. 79¼- 83¾ 8:l¼- 91¼' ES - 98¼ 77!,(- 91¼ 75¾- SS½ 85 - 97 93¼- 98¼ 96,,-105,¼ 105 -110¼ 97¼'-112¼ 100¼-101¼ 102 -109¼ 101 -109¼' 105,½-118 90¼- 92 88¼- 90¼ s1 - ss I 79½- s2 75 - 80 101¼··100½ 75 - 78 74¼- 77 ·sa)!-·sr· ia2i.:i17·· 1 116 -120 127,¼-~:.!8 l ~S -129,¼ 149 -150 ........... ........... ··········· 'rii¼.:.·78,¾ ~t, 15 - 15¼ 15~- 15~ 85 - 85 119¼-126 H9 -138 130 -136 151 -!M ··•-•····· · r,5 - 37¾ ........... ........... 114,¼-118¼ 120 -123¼ 125 -129 150 -150 ........... ··········· ~l~~~ ~1~~~a-~~:::: 11:IT June. . •• .. . • .. ••••.••. 45 - 45 o¼ ..... ... ... . ................ · ·.. 2 - ................................. . . • • • .. • . . . • ....... .. t~~~ -~i<:~~::·;;··~-~~-· 2il¾.:.·a5 · :i;::::ii:. :~/::~i:: :i~::::a~~ 145½-150 147 -152½ 155,¼-160 156¼-163 133 -163½ 130 -141 129,¼-131 1:27 -131 1'J8 -130½ 127 -18!3½ 180 -13! 180 -loO .•.• • .".... . . . • • • • • . . . . • • .... . ......... t l0 -210 200 - 200 210 -220 220 -2.20 .••.••••.•• . • • .. •• • • .. . • • • •• • . ... .. . • • . • . . . . • • • .... • .. . • .. • ... • • • . ... .. • • • • • • ............. •••.... 40 - 40 . ........... ••• ...... . 140 -HO 140 -140 ....... . .. 144 -144 4-Mining Sh List. 6¼ 4¼- 5¼ P¼ 6 3¾- 5¼ 5 4 6 a 5 4 6¾ 5 8½ 6 6¼ 6 Mariposa gold .... .. BJ.(- 8¼ 7 7 8 - 12¼ 13¼'- 21¾ 18¼- 2:l¼ 19 - 21}& 9 - 12,¼" 9¼- 11 ¼ 6¾- 8¼ 8¼- 9¼ 7 " •• pr~f. 13½- 15¾ 10 - 14¼' 10 - 11 20¼- 23¼ 20 20¼23,¼ 25 20 21¼'27¾ 19,%24 22¼ 20¾ ·23 27¼32¼ 22¼29¼ 23 23 Quicksilver ••••••••• 21 - 27¼ - 2~¾ - 25 - - - - - - - - - IS-Land~ Imp. Sh 15;,{-17.¼'. 15 -15½ 15¼- 18¾ 14¼- 15¼ 13¾-14¼ 1G - 17 Boston W &ter rowt:r 19 - 23¾ 20 - 21,¼ 19¼- 2fl¼ 19 - 21J,£ 20¼'- 21¼ 17¼- 23 8¾-10¼ 8½- 8½ 'l¼- 7½ 9 -12¼ l! - 12 9 4 lirunsw,ick Land . ... '45" ·: .64¼ . ',ig 46 - 49¾ 47 - 51~ 43¼- cl¼ 47½- 50¼ 45½- 4.:l 45" 49 - 51¼ 4!'\ - 49 Canton Improvem't. ·4s¼.:.·6o1 ·s6¼.:.·e4M :o - 11,½ 10%- ll>a 8¼- 8,¼ CMy " .••. ·.::49¼ ........... ···•"·•···· 6-'IelegrapliSha's Western Union ••.. 3674- 89,¼ 33¼- 37 33¼- 36¼ 34X- 7-St" mship Shares 76 7:i 36 74¼ 4~¼- 8'1¼ 77.½ 31)!,4' 1? 1J¼ 49¼ 71¾{.\ti 30 7.!. 40 - 77 73½ 3ti½ 76¼' 45 70 67 3~¾69¼35 - 76¼ 70¼ 35Ya 73¼ 41 52 49 25 45¾2t> - - . ········ · 88¾ 3'.i¼- 38¼ 33,¼- 33¼ 33¾- 35½ 33 - 35 85.¾- 9!l¼ 28 - F-7½ 95¼- 99 Atlan tic Mali . .• . • 9'i¾-115 · P -cillc Mid ......... 106¾-115.¾ 108 -114¼ 102½-lll¼ 86 -104 18¼- 26½ 20½- 30 · Lnion Navigc1.t ' on .. 8- Ei:pre ·a Shares . Adams ..••••••..•.• . .American . . . . ..... , . J\1crchaats Union .• . Uoi1ed tates ....... Wells, Fargo & Co . ·.:.·52' 7fi,½ 69¼ 35 7'.¾ 3:>,¼ 34 - 84½ 34 - 88 31¼- 35 W½-97 ~o - 26 28 - 29¾ 15 - Hl¼ 20 - 2t 30 - 30 95 -103¾ 97,½-10 1¾ 98¾-104,½ 101¼-113.½ 23¾- 26¼ 26¾- 2~¼ 27 - 27½ 56¾53 28 55¼- 51¼42½:24 45 2 3¼- 63 61 31¼ 61½ :.!2 - 27 21 - 21 iio· ·.:.iso.~ 1i2¼.:.i24¼ 111,¼-12G¾ ..... ······ ........... ···· ·· ····· .. ········ 58 54,½ 29 56 23 51¾44¼2:3 4:,,¾'24¼- 54 48½ 23 49¼ 27¼ 46 40 i8¼41 24¼- 5'l 45 16 24¾ 4ti¼ 27.% 46 - 5() 42 - 46 21¼ - 25¼' 21 - 2~¾ 18¾- 21¾ 14¼ - 18,14' 45 - 46¼ 44¼- 50 4! - 51 47 - 50 2 ;,¼'- 31¼ 28¼- 81½ 25 - 29¼ 25 - 2G¼ ~8 - 52¼ 49.¼(- 52,¾ 46 - 50 45,xi- 4\) 41 - 49 4 1¼- 51 9- Trust &c. Sh'B. U, ion Trust .. ............. . New York Guan o, . 3¼- 12 8aukers & Brok '8 l..s .. .. . .•.•.• f rrev"tous to the moutb_or October thi!! ro!ld was known as the Clevelanl1 1 Paim vill<l and Ashtabula Railroad C.<7-2:!~y. - ..•.. https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis 33¼'- &7¼ 33 - 3'i¾' RAILROAD AND MISCELLANEOUS STOCKS. 1869. Stocks generally reached hig:h prices during the first half of the year, the prospect of stock dividends influencing several of the most prominent. Uhicago Rock Island & Pacific stock advanced (April) to 139, on rumor of extra dividend to represent government land grant. In May the Pacific Railroa_ds were opened for business. Erie struck off from the regular stock list on account of breaking rules in not registering, and no quotations were made at the Boa.rd from March to August. Coal stocks generally dull. Express shares low. Mt1.riposa gold(June) falls from 24-½ to 7, and preferred from 50! to 14. Pittsburgh Fort Wayne &Chicago RR. was leased to Pennsylvania RR. Company, at 12 per cent on stock, and the stock afterwards increased, and converted thus into a 7 per cent stock. In October the consolidation of the N ew York Central and the Hudson River Railroads was made, and a new distribution of stock aertificates issued-27 per cent on New York Central and 85 per cent on Hudson River. The most important event of the year was the panic of "Black Friday," on the 24th of September. This was caused by a Slrel\l corner in gold, engineered chiefly by Fisk and Goulci, and which culminated on Black Friday in a. rise of gold to 162½, and an immediate fall to 133 on an announcement th::i.t the governm6nt would si,ll $1,000,000. The clearings of the Gold Exchange Bank became hopelessly involved, the bank suspended, and there was a dead-lock for several days. Stocks fell off immensely, and the prominent fir~ of Lockwood & Co. suspended, besides a number of smaller houses. It was the most severe panic, from purely local and speculative causes, that had ever been known in New York. The flucr,uations of some of the leading stocks in that month were as f'ollows: Chicago & Northwestern, 86!-63; do. preferred, 95-79; Chicago & Rock Island, 115¼-102; Erie, 42-27; do. preferred, 71-57-½ ·, Hudson River, 186¾-134; Lake Shore & Michigan S Juth., 106t.-76¼; Milwaukee & St. Paul, 80!-61; do. preferred, 89¼-75; New York Central, 206¼-153; Ohio & Mississippi, 32¼-24; Western Union Telegraph, 37-!-35; Pacific Mail, 80¾-59½. https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis Aognat 41¾- 39 38 - 35 68½- 65¼ 66 - 65 ........... 25¾- 25¾ 161 -152 160 -153 190 -187 39¾- 36 40 - 38 67½- 65~ 72¼(- 63 159 -1Hl½ 162 -149 156¼-154 lfil¼-150 174,½-17:l 175 -17'l 40 - 38 63 - 6\J . . . . .. . . .•. 161 -156 162 -15'2¼ 161 -15\l,½' 160 -15!l 199 -180 199 -190 .... ....• • 60¼- 99!1 . . .. . • . . ... 166 -158 166 -15~ 191 -188 36 - 83 511 - 58 . ..... . ••. 168 -153 162~-155 200 -193¼ Septembe,I Octobe,. INovembe< Decemb"'. . . . •. • . •• . 82 60 . . .. . . .. . 18 15H.(-135 146 156 -185 147 170 -160 165 5!) - 54 - 80 - 56 - 11 -185¼ -136½ -159)Q 29 - 25 26¾- 25 58 - 58 57 - 67 11 - O½ 10 - 7Jfr 152 -145 146¼-141 149'-(-146¼ !45¼-140 155 -147 161 -1473' RAILROAD ANIJ .MISCELLANEOUS STOOKS 1870. Stock~ were ~enerally more quiet in the early months of this year, outsiders having been frightened away by the September (1869) _pa.me: Chicago & Alton stock quoted ex-dividend February 10, the capital stock being increased one-third, on terms which made it eqmvalent to about 3? _1-3 cash to _stockholders. Panama stock dividends reduced from 6 per cent quarterly to 6 per cent pe~ annum, owing to competition of Pacific railroads and the taking off steamships on the Pacific Ocean lines. Union Pacific Rai_lroad stock (December) fell off to 9, in conseqllfmce of the stoppage of Oakes Ames and other temporary embarrassment:5. United States Express stock (December) 'luoted as low as 32, consequent on quarrel with Erie Company. - - - - -- -;--- ----,--- - - - - - - January. STOOKS. February. March. April. May. July. June. August. Septemb'r. October. November December - - - - - - - - -1- - - - -1-- - - - 1·- - - -1- - - - -1- - - - -1- - - ---i- - - - - 1 - - - -1- - - - -1- - - - -1-----1---l-Rail1·oaa Share8. Alton & Terre Haute. 26 - 22¼ 34%- 25¼ 38 - 8'1 h .. pref ... 57~">,- 56 64 - 58¾ 66 - 63 31 - 30¼ 25 - 25 • .• . • ••• . . . • • . .. 27 - 22¼ . ... .... 58¼- 56 ...• ••.• 55 - 50¾ 56 - 51 8 ·9_~i.:. .. ilx ·+;;..:.··s¾ ·sx.:··a¼ ·il;;..:.··4 ·ilx.:.··a¾ .4 .. _::· a¾ ·a¼.:.··a¾ ~ ·5¼.:. .. 4 ·-i>i.:··a ,x= Chicago & Alton ...... HG -143 149 -109¼ 115 -110 115¼'-111 117 -1.1 3¼ 119 -117 118 -114;/, 118¼'-112 113 -111¾ 115¾-112¼ 117 -114}.! 116¼ 114 " " pr<>f. 146 -144 150 -110¾ 115 -109 114¾-113 116 -113½ 118¾-118¼ 119 -114),( 118 -118 115 -112¼ 116,¼-114 119 - 117 118,½'-117¾' " " scrip . . . . . .. . . . . . . . . . 109 -105 107 -106¼ 110!,g-107 114 -111¼ 114 -108 113 -112¼ 112),(-112),( 114 -113¾ • • • . • • • • • ••••. Chicago, Bur.&Quincy l ?;J -150 159¼-154 150 -147 147 -145¼ 158 -154¼ 160 -156 162 -156 150 -150 153 -150 151¼-151 152,1\(-151 153 -150 Chicago & Norwestern T5!,(- 67 74¼- 6!l 74 - 69¼ 80¾- 70¾ 837;{- 79 85¾- 81¾ 84 - 79¼ 82¼- 80 83¼- 81 82¼- 79¼ 82 - 78 81¼- 68 " " pre!. 91.¼(- 82¼ 90¼- 86 88¾- 81),( 92 - ~¼ 92¼- 88¼ 92¼- 88 89¾- 83.½ 87,¼'- 83¼ 89¾- 85¼ 90.%- 87¼ 91¼- 88¼ 90½- 80 Chir-•wo & R. Island . . 1t17¾-101¾ 123),(-118¼ 120¼-118 123,¼-115¼ 126 -116¼ 122¾-115_¼ lls;,-109½ 114¾-112¼" 117¼-112.¾ 117¾ - 109 114¼'- 110¼ 111¼-102}' Clevefand & PitL:1burg. 9:?¼- 83¾ 103 - 91¼ 100¼- 97 107¾- 98¼ 109¼-105¼ 110¾-109}6 110 ,-104¾ 110 -103¼ 107¾-104 107¾- 104 108},,a'- 105 106 -10-l~ Clev., Coi., Ciu. & Ina. 78 - 74 75¼- 73¼ 74¼- 74 79¼- 74 79¾- 79 82 - 79¾ 83¼- 78¼ 80 - 78¼ 80 - 79 SU(- 79.¼ 81 - 89 82 - 80¾ Col., Chic. & Inrl. Cen. 20Ji- 15¼ 20.' 4'- 18¾ 20¼- 17 20 - 17¼' 20 - 17¾ 22¼- 19¾ 22 - 16¼ 18¾- 17 18¼- 17 19¼- 17 19¾- 17¼ 19 - 16¼ Del. Lack.. & West .. .. 10, -102¼ 106 -104 104¼'-102 111 -102¼ 112,¼-110 111¾-lll 106;:(-104¾ 106¼'-105 105 -100¼ 109¼-104¾ 111¾-109 110¼'-101¼ Dubuque.~ 8ioux:Cit,y lO!l}f-105 lJ0¼-108¼ 110¼-105¼ 108,¼-106.½ 108 -104 107,¼-106¼ 107 -102 101).(-100 100 -100 101 -100 100 - 95 95¾- 90 Erie ... ......... . .•.... 25 - 22¼ 28),(- 24.¾ 26¼- 24¾ 25¾- 23¼ 24¾- 23¼ 25¾- 21¼ 23¼- 20¼ 24¾- 21¼ 23¾- 22 23¾- 22 25¾- 22 24¾- 22¼ " pror. •• . . . . . 43_! (- 87 45¼- 40 52 - 42 50 - 47¼ 50 - 46 46 - 45 44¼- 44¼ 47 - 45 48¼- 44 49¼- 45 MM- 47¾ 48 - 47 llarlem ....... . .... .. i<iO -130 150 -138 146 -141),{ 149),(-141 148 -138 145¾-137¼ 142 -129 185 -130¼ 134 -180,½ 136 -133 135 -131 134 -129 1 133 1 ll~~tforcrr&\fn~;·a·~: ~~~~~~ ~ .•::~ 175 .. .'..i75 :::::::: 173¼.'..iio :::::::: :::::::: ¼-l3a¾ •.•••••• 165··.:ii;s 165 .. .'..iiii, s;, ·sx.:. .. 111 1 t!,~t~t:.,f~{~~le ~ ~~ H~~- & St. J~r.epl~~~:~ 1io .. .'..io5 " " pref. 116 -104 ~It~~~~·c';~it.i::::::: 1iiJi.'..iao Joilet & Chien.go.... . . . . . .• . . t~~H~i~~d&.iiicti: M;:h.Oen::i..2.~:.r_e_f_- tis.. .'..frt s". so>i.:·&l M!\rletta &Cin.lstpr~f. . . . . . . • . 88 - 85¾ 87 - 84.)( 119 -115]~ 101¾- 92 95¼- 86 92.¾- 81 138 -13-1,½' 135 -135 ... . . .. 26),(- 23½ 70 - 70 " " pref .. (Tu.ion Pacilic.... . . .. 7;{ - '1'2 l70 -157 80.½- 86,½' 96 - 93¾ . ..• .:. . • • 109 108 40¼- 39¾ 55j_~·50 . . . . .•• • . ... .... 8iu i¼'= 110 -105 109¼'-105 {~¼={&g½ rn~J,=1~ 107¾.'..io5¼ 1if •.'..io6,J,( 1i9ji.'..iio¼ 12iji.'..ii1y. 1i.9° ".'..ios 108½_:_iOO¾ 1i4··.:_iii ti4½.'..ioo,¼: 107}.(-106¼ 112,!4'-106 118 -108 122 -117;' 120¾-115. 113,¼-108¼ 117 -112¼ 117;i- 114 120 -114J-,~ 114 -106~ 1-is>i.'..is6¼ 1~~¼=1ii; . . . •. .. . ...•...• 1-ir·.:ia9 . . .• . . . . 1.i2.. .'..ii~ l,ail .. .:iai 1as··.:iasx 1as .. .:ias . ..•..• _, 90¼'- 90¼ 90 - 90 . . .. . . . . 89¼.:.·84¾ 88¾~.-85~ 99 ....:..86¼ 100¼.:·95 20 - 20 19 - 18¼ 20 - rn 19 - 18¼ 20 - 19 95¼.:.·ss:v. oa¼.:.·oi¼ 19 - 19 . . •• . •.• . . .. .. .. 12-~¼=11~~ 121¼'=11~ 74¾--=er-r~M iii.&St. Pa~~~~:. -75-=-7~ . " pref.. . l\forris & Essex... . . . New Jersey . . . . ...... . " C1rn tral. ... N. Y. C. & llud. Riv . . •• " scrip. N. Y. & N. Haven . . . .. '! " scrip . North Missouri. . .... . Ohio & ~fosisi!lppi. . .. prer. . " " Norwicb & Worcc1.1 ter. P anama . . .....•.... ... Pitts. Ft. W .& Chic .. Reading.............. . }{ensdear & Saratogu. . Rome, W. & U. ... ... . St. Louie & Irou:Mt . . . Si:tth Avenue... .. . . .. S ton ington.. .. .. ... .. Toledo, Wab. &West. 40 - 85¼ 38 - 85¼ 35 - 85 66 - 63½ 65 - 60 ..... .. . 1.i2.. .:ias •. . • . . .• 1<ia.. .:.ias 91 - 91 1i~¼= ~~¼ 1or·-·ss¾ 20¼'- 20 125 .. .'..it9J~ 125ji.'..i2a}.( 12~¼=1J¼ 120¾.'..iis 58 .68}.(:.. 63¼1' is;--= 65 65¼: 89¼'- 75 77 - 71¾ 80 - 72¾ 87 - 86),( 91,!,(- 86% 95 - 89J{ 118,¼-116 118 -116 122 -117 104 - 97,½ 104¾- 101¾ 108,½-101¾ 98¼- 94 ¾ 98 - 91¼' 98¼- 91.J<{ 96.¼- 92¼' 95¾- 88¼ 94¼- 88¼ 143 -136¼ 146 - 140 149 -143 140 -13:i 143 -ms 188 -134 • ..... • ... aix.'..·25¾ 30¼- 28.J,[ 35,¾.:_ 28¾ 70 - 68¼ 71 - 'i0¼ 7·1 - 70¼ . . . . . . . . 108 -108 106 -106 175 -169¼ 1fi2 -136 153 -137 92¼- 88 95¼'- 92 04¾- 92¼ !;8¾- 95¼ 97½- !!6½ 104¼- 96½ . . .. . . .• . ... .... 113 -11!'! 4i·.:_·40,¼' 43)-.(- 42¼ 44.½- 4~;-, 83 - 77¾ 83.¾- 80 94 - 92 95 - 88,½ l21 -120 121t,_119 ll0),(-108 110¼-107% l01¾- 963-.( 102 - 96¼ 98 - 93¼. 96}~- 92¼ 155 -151 159 - 155 140 -139 152,¼- 150 . ... .... . .. 40¼- 35¼ 42··_·35¼ 76 - 72 75),{- 75 154 -140 144,½-110 95½- 93¼ 9"l¾- 94;( 107,¼- 100¼ 109_¼-lOti . ... . .. . 120 - 120 46:i- 44¾ 40 - 46¾ ms ........ sf ·.:.·s1 90 - 90 G1,½'- 43,~ ,iciji.'.."43,½· 54¼- 45 5~~~.:_ -5i¼ 61 ½- 5fi¾ 73 - 72 74 - 73 76 - 73¼ 73 - 72 75 - 74,½ Sfi½'.:.·si}J-, - 128 1a1.. :ia<i¼ 100--.:.i~ .... ... . . ..... . . g~f ii¼' iit gi{ 20 - 19 1if".'..ii7)..( ,120¾'.:_ii8~{ 12~¼=1J 9aj,i.:.·90~ 19 - 19 12~ ::12gy. ,1foi.'..iis 64¾- ~6i¾-58¼ 5!¾ Mi=-59¼ 60¼ 5'ii(~¾ 60¼77¾- 75¼ 82 - '76 82¾- '79¾ 82 - 79¼ 82¾- 74)( 89 %- 88¼ 89¼- 88¼ 93 - 89¼ 92 - 91¼ lr.2 - 85¼ 114_½-114¼ 115 -115 115,¼-114¼' 114¾-114¼ 117 -117 10-2¾-100¼ 107,¼'-101¼' 110 - 106¾ 109¼- 108 109,J,(-103¼ 96%- 90¾ 97 - 91¼ 94¼'- 91¾ 93¾- 91¾ 92¾- 89¼ 92~,- 85¾ 92¾- 87 8974- 86¼ 88¾ - 86 88¼- 83¼ 150 -144 151 -149 157 l-149 i55 -154 150 -150 143 -140 140 -139 143 ... -140 145 -143,¾ 144 -148 .. .. . . 21 - 20 . . . . •. . . . ... .. .. . ... .. . . 34¾- 32}' 333,- s23, 84¼- 31¼ 833{- s1,, 31¾- 26¾ 73¼- 73 74 - 73 75 - 74½ 71,¾- 70 ....... . . . . . 103 -103 104¾-104 105 -105 106 - 80 85¼- 80 87. - 76 85.½- 72 78 - 70.½ 78 - 72 96¼- 92¼ 95 - 92¾ 9f>¼- 93 93¾ - 92]~ 94_¾- 9:3¾ 94¼- 92¼ 108 - 93¼' 97.%- 94¾ 97¼- 95¼ 101.¼- 97¾ 102¾-100¾ 104¼'- 96¾( . . .. •••• . .. . ••. . . ..• . .. . 92 - 92 . ... . .... ... .... 120 -120 125 -125 130 -1241' 48¼- 45 48 ·_ 41 4.6,¼- 45 47¾- 47 125 .. ·-i25 gf ·.:.·sil¼ H2 - 92 59··.:_· 413.½ 52¾ 47¼ 5~}.(.:_·50¾ 55¼- 51}-4 53j~:_·50½ 52--:_·47J, 78¼- 78¼ 75 - 74 78 - 73 26,¼-:."24 27¼.:_·24 24;(- 17 18¼ - 9 67¼::58" 82¾- 74¾ 90¼- 88 120 -1J5 109¾'- 99 LOO% - 90¼' 96}4- 85¼ 155 -145 146 -140 ....... 36¾- 33 74¼ - 74 2--Coat Sl, are Lb!. American. . . . . . . . . . . . 35 - 35 40 - 37 Cillllbei;tan~ ........ ... 36.}f- 24,½ 3:i;f- 32,½ 3iM.:.·2s 1 2..5 - 215 2ao -225 m -217 , vil k esbarre .. ....... . llforJl11n,l. ......•..... Svri::lg 1fo11n tni11 ..... . 37 - 85 ao··.:·21 b~~~~ri.1J:~t.:::::::: : 24··.:·24 8-Gas Slwre .Litt. 162 -Hi0 Cit!ze n11. . .•. .•••. ... . . I l'll:u1hatlan............ ~Jflnl11y Shar, List. . . •• .... l\farfporui. ............. 9¾- SX 10).(- 9¾ 7¼- 6½ 8 - 6}f 9¼'- 7½ 7 - 7 17,;!{- 15 16½- 12 18;{- 14 •• prof ......... 1914- 15 . 2:~;.~- 1'J,\,i 20)-I- 10 48,¼l 41 - 40 l\lar!poea !0scert!L.. 51 52¼- 45 1 ~t pre. ..... .. . . . . . 4!l¾- 4~1½ Quictu,ilrnr .. .. .. ..... 16,1,f- 13,14 l5J<1- 12¼ 12;;~- 8¼ •• 8}2- 7½ '7:-(- 5¼ 5.~~16 - 10 i 10¼- 4½ 5~.(- 4-~ 4J{- 4¼: 7~l- 4¾ 6 12 - 8 11¾- i 11¼- 8¼ 11 7 n -m 4.4,½- 39 ·7½'.:.··4¼ ·sx.:··-1½ ·5,½.:.··-1¼ -M oo -oo ·sji.:... 5 ·5¼:··5 ·s··:··s 9 - 9 12¼- 9 }Jl'~f . .••• IM 6 9,. 5-I,ma lmprov. Co. f\<ist.on Water Power.. 18¼'- 14¼ 18¼- 15¼ 17.¾- 17¾ 17¼- 161, 18¼- 17 t::~i:7\'.J~.?.i::.~~-~~: sil>i.:.·5i¼ l 5g~= J¼' iif·.:.·58¼ ii·.:.·()4),$ 84 34¼- 31 33¾- 30)111 3-3¾- 31¾ ssji.:.·ao¼ Z1 29¾- 25 11:3¾- 35¼: 41¼- 35)-.( 7i¼: 16½- 16¼ 15¼'- 15¼ 6~x 69··.: ·61 10··.::&i 15 - 15 62 - 60 64½.:.·i;2 ii&Ji.:. ·66 . .. ..... 25 -2.5 l!JJ,. (- 17¼ 20 - 19 8¾'- 7 7 - 7 70 - 68 GS - 64>, &-Tele(Jraph. Western Union . ..••.. 86 - 81¼ 37:✓,- 7-St. Ship S!Lar~. it111r.tic ?.foil.. ....••. 27 - 23 25 - 25 l'11cHlcMall ..•••••.••. 44¼-38.¼ •14,!4'-38.%' ~J '3¼- 37¼140¼- '1¼ 8 -Exp1•ets Shares. Ameri can ·M er. Union . 38¾- 32½ Adnm s ..... ... . •.•.•• . 64¼- GO¼ :Merchants Union . ... . lfoiled Stutes ........ . so··.::-19,½ Well;;. ll'argo ... ...•• .. 21 - 19¼ " scrip ..... 47 - 43 ]( 41i_½'42?i- 40¼' 44¼- 42 38¼- 36¼' 38.¾- 37.½ 39 - 37¾ 44),(- 38½ 47;{- 43 45¼'- 42¾ 44 - 40 65 - 62 63 - 60¼ 63¼- 60¼ 68 - 63 69 - 63¼ 69 - 64,½ fi9 - 6-i¾ 67¼- 65¼'1 67¼- 66¼ 68 - 64¼' 65;,,157.,(- 15.J,( 53~.:.·49.½ I 52 .. .:. ·-16¼' 47¼- 41;, 49¼- 43¼ -iii--.:.·45 ,i11,i.i.:. ·-isYs1 44¼'.:. ·-io 42¼ - 33¼ 37¼·'.." 3-'I 37 - 3:l¼ 34 40¼'- 37 22 - l9¼ 21¼- 20 21 - 19¾ 18 - 14 17 - 15½ 16¼ - :i.3¼': 14% - 12~( 42.¼:'- 13 2¼- 2¼ 2¼3%- 2¾ 3%- 2¾ 2½- 2¾1 2J(- 3¾ 3 - 2¾ 3 - 3 soji.:. ·s~½ s5~i.: ·a2 9-.Jtisceltaneous. i)el. & Hnd. Canal.. .. 125 -120 122 -119¾ 120 -115.½ 124,¼-116¼ 124¼-122½ \125 -123 Ra.nkers&,Brokersas.110 -101 :ug¾1l:~ .. ~:~~ 1::~~:::¼-,l:~~~~~: :::::::: BlJuuilltdeidn" .irnl\111.:'~.-n() ·. ·. ·. ·. ·. ·. ·. ·. _::..:.~ 170 -110 ., - ~ .R-._~tA '.;' __e:eTr ::-____ __-: __. _______ ... ..... 1. ···· ···· · · · · ···· https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis 45~{ 63.¼ ug 1 30.¼ 2 RAILROAD ANJJ MISOELLANEOUS STOOKS. llii71. The stock of the Erie Rail way was heavily incrAased in the four years ending September 30. 1871, by the Fi~k & Gould management, so that it !3tood at $86,536,910, against $25,111,210 in 1867. The price fell in March to 18¼, the lo~est pomt touched since 1861. The Chicago fire (Oct. 9) caused a panic in stocks and general bu~iness. The column for October lll the tabl~ below shows the extent of fluctuations on some of the leading stocks, as follows : New York ~e~tral & Hudson, 9Hi-84¼; ~h1cago & Northwest, 70¼-5l-½; do. pref., 91-83; Rock Island, 110½-94; Erie, 32¼-26i ; La.ke Shore & M1ch1gan Soatltern, 107t-90¼;. M1~wau~ee & St. Paul, t>3-51; do. pref., 81t--7Z; Ohio & Mississippi, 43i-34¼; Union Pacific, 28-20¼. It is seldom that a local calamity ma c!tY distant from our market has had eo remarkable an effect upon stocks. W. D. Torrance, son-in-law of Commodore Vanderbilt, elected preRident of Ohio & Mississippi Ra.ilroad (February), which caused a rise in that company's stock from 27 (Ja.nuary) to 55-f (April); but price r etrograded (October) to 34¼. Panama (July) began to a scend, reaching- 75 in September; paid 5 per cent, and afterward 3 per cent quarterly. The Cleveland & Pittsburgh Railroad was leased to Pennsylvania Railroad Co!fipany at 10 per cent on capital afterwards converted by increase into a ';'percent 2uaranteed stock. Express stocks rose largely m market value. Canton (March) reaches 86. Delaware & Hudson Canal (June), 125. Pennsylvania Coal (Ft bruary), 22-4. 'l'he "Woodward Corne~" in Chicagu & Rock Island, which forced the priet'l up to 130¼ in June, was a failure, and resulted disastronsly to thos.e engaged 111 the manreuvre. Lake Shore & Michigan Southern Compar.y (July 27) tmthorized a new issue equal to 40 per cent of it~ stock theta outstanding, and allotted the same to shareholders on the payment of one-third of the par vahie of the new stock m cash; the payments being made in instalments r11nning up to August, 1872. ~. ·--------:---- -:-----.------ -------.------ ,-- -----;,------:.------ :-----------,:-- --.Tanu.ary. Febmary. ll'l'OCKS. March. April. .Tune. May. July• August. September October. November December 1-Rriilroad Sha'MJ. 27 - 27 .... - . . . . !1.8 - 18 26 - 25 29 - 29 ..•• - • . . . 25 - 25 33 - 29¼ 33¼- 30¾ 30¼- 28 Alton & Terre Haute. 33¼'- 27¼ 30¼- 25 - . . . . 60 - 57¼ 61 - 61 . . . . - . . . . 54 - 54 . . . . - ..•• 56 - 56 60 - 55¾ 62 - 59 56 - 54 54 - 54 •• pref, . . 58 - &6 ·• 93¼- 93¼ 93¼- 88¼ 91¼- 91¼ 93¼- 91 93 - 93 95 - 93¼ 93 - 93 94¼- 90 90 - 87 87¼- 87 88 - 87 Albany & Susqueh'na. 89 - 87 • 35 - 35 .... - ... . .. . - . . . . .. -· •....... 37 - 36 Atlantic & Pac . , pref . .... - ........ - .... .... - •... 36¾- 36¼ 37.~- 36 3.J,(- ·f · ··3¼'2.¾- 2 3 - 2¼ S¼- 2 3¼- 2¾ 3¼- 2 Boston, Hart. & Erie. 2,l(- 1¼ 2¾- 1¾ 2.J,(- 1¼ 2¼- 1¼ 4 - 2 -llo 118 -113¾ 117 119_½'-112 -118¾ 120 -120 125 -120 123 -119¾ Chicago & Alton ...... 1t6 -114 118),-112¾ 119~-·113 120¼-118 119¼-118¾ 120 . ... 120,¾-120¼ " pt'ef. 119 -115 U1 -115¼ 121 -116 121 -120 121 -119¼ 123_½'-123¼ 125 -124 125 -125 122¼-122 114}.(-114¼ . .. . " Chicago, Bur.&Quincy 153 -152 155 -150 160 -151 158 -158 158¼-158 153 -150 153 -152 146 -138 140 -134 133 -125 129¼-1253' 129¾-127¼ 74 - 68¼ 72 - 67¾ 74¼- 67¾ 70¼-. :51¼ 63 - 59¼ 69¼- 60¼ 89 - 77¾ 92¼- 80¾ 87¼'- 83½ 86¼- 72 Chicago &Northwest. 76¼- 69¾ 78¼- 74 91¾'- 88,l( 92¾- 86¼ " pref. 86¼- 81,l( 88¾- 843,( 97¼'- 86_½' 100_½'- 94¼ 99¾- 96_½' 99 - 86¾ 92¼..: 87¾ S2¼- 91¼ 94¼- 89½ 91 - 83 " !l9¼ 108,1.(-102¼ Chicago&Roekis!/md 108¼-104 109¼- 106 115¾-109 115¾-ti0¾ 122¼-112% 130¼-107¾ 108¾-106 112 -107¾ 113 -107_½' 110¾- 94 104¼-122¾ 129 -1253,( 129 126_½'-112 -118 125 12~¼-117¼' 121¾-116¾ 122¼-115 -120¾ Cleveland & Pitts.. .. lOH_½-104¼ 109¼-10:l,l( 118,¾-107¼' 123 -113¾ 132 85¾- 82½ 90 - 86 88¼- 83¼ 91¾- 86¼ 90 - 89¾ 89¼- 88 90¾- 86 . 91 - 86¼ 94¾- 88 89¼- 81 86¾- 82 Cleve., Col., Cin.&Ind 88 - 82 20¼- 19½ 22;i- 19.¾ 20¾- 15¾ 19¼- 17¾ 19¼- 18¼ 24¾- 22¾ 23¼- 19¼ 20¼'- 18 Col., Chic. & I. Cent.. 18.¾- 17¾ 18¼- 17¼ 24¼'- 18¼' 24¾- 22 Del., Lack & West ... 104¼-103¾ 105¼-102 107¼-104_½' 110¼-107¼ 1103,(-108¾ 110 -104¾ 109¼-105½ 109¼-108¼ 111¼-108¼ llll¾-105¾ 110 -105¼ 109¾-1083( . . . . 75 - 72 88 - 87 .... - . . . . . . . . ~7 - 87 90¾ 90¾89 92 85 88 85 - 78 90¼'- 86,¼ 89 - 84 Dubuque & SiollX C.. 90¾- 89 29_½'- 27¼' 31¼- 23¼ 35 - 29.¾ 32¼- 26¾ 31¾- 28¼ 83¾- 80¼ 31¼- 20¼ 31¼- 26 Erie R. W .. .. ... ... • . 23¼- 21¾ 23~- 21¼ 22¼- 18¼ 22¼'- 20 69¼- 64 61 70 60 66 60 65 58 60 57 58 55 57 47¾ 57 46 - 45 46 - 44 1 pref ..•...•. 47¼- 46½ 46 - 44 " Harlem . .....••..••... 133 -130¾ 131¼-122½ 135 -126¾ 135 -127 135 -129 134,1.(-125 123¼-125_½' 131),-128 132¼-128 131),-119 124].(-118 122 -117¼ . .. . ... . ... . . .. . · .... .... -135 135 .... .. . . . . . . ... •... .. .. 129,¼-129½ .. . " /ref .. . .. ........• - . .. .. ... - .......• - .... . .. . - . . ... 170¼'-170¼' .... - . . . . . . . - . ....... - .... 160 -1'60- 161 -161 Hartfor &.N. Haven . .... - ......•• - ........ - .... 169 -168 .. . . - . . . . . . . . 49¼ 55 50 69 51¼ 64 60_½' 78 68¼' 75¾67¾ 84 79 100¼97 105½ 87½ 89 - 82¾ 96¼- 87 106 Hannibal & St. Joseph 95 - 77 88 - 71¾ 76 - 65½ 76¾- 74¼ 67 - 58¼ " pref. 106¾- 88½ 99¼- 95 104¾- 95 '107¼- 95¾ 105¼- 98 100 - 84¾ 88 - 77¼ 88 - 81 " DlinoiR. Central. ... ... 139),-133¼' 135 -133 135 -134 '136¼-134_½' 137 -135 138 -136 139 -132• 134),-132½ 137½-134 135¾-132 137 -133 133½-133¼ ·2¼ ·9i' = 9i .. :::: = :::: :::: = :::: ig =ig J~i·e?&·cttc!i~~~~~~ 57 - 57 60 - 60 Long Island ..... . ........ - . . .. 60 - 60 L. Shore & Mich. So.. 94¼- 88¼ 97¼- 93¼ 103¼'- 96¾ . ... .... - ........ - . ... " scrip. . . . . " 30 - 26 30¼- 25 Marietta & Cin., 1st .. 26 - 20 " 2 d ...... - . .. . . . - .... 9 - 9 " Michigan Central. .... llq.J,.(-115¼ 118.),(- 117¾ 122¼'-117½ Milwaukee & St. Paul 54¾- 48¾ 54¼- 52¼ 62½- 53.J,.( pref. 75 - 71¼ 75¼- 73.¾ 80¾- 74¾ " " Morris & Essex:. ...... 89 - 87 89¼- 88.¼ 91 - 89¼ ·92¼= 92¾ :::: = :::. : ::: = ::::' . ........ - ... . 60 - 60 . . .. 116.),(-106¼ 110¾ 107¼' 115,¾-107½ 99¼ 112¼.... - ........ - . . . . 30 - 26 .... - ........ - ........ - . . •. 9-9 .. .. - .. .. 9 - 9 . . .. - .. . 123¼'-121¼ 125 -123 126 -120½ 121 -12'1 64¼- 59% 63 - 61_½' 62¼- 58¼ 61½- 57¼ 81 - 78~ 81¼- 76 84 - 78¼ 82¼- 81 95.J,(- 91¼ 93¼'- 9-2)i 94¼'- 93 93 - 91 =:::: :::: = :::: :: :: - ::: : :::: = .... :::: . .. . ...... - . . . . . .. - ........ - . . . . . . . . 112_¾- 108¾ 106¼-105¼' 107¼'- 90¼' 104¼- 85¼' . ... - ........ - ........ - . . . . 82¼- 'i7 24 , 24 .. .. - ........ - . . . . ... . - ...... .. - ........ - ........ - ... 121 -120 120¾ ·119 !20 -114 122 -116 58 - 53 63¾- 60¼ 64:V.- 61¼ 63 - 51 79¾- 77¼' 84 - 80¾ 81¼- 72 82,l(- 80 94¼'- 92¼, 95¼- 93}.( 94¼- 90¾ 96.1,(- 94¾ ... = :::: 61 - 61 93¼- 88¼ Sn¼'- 81¼ 22 - 22 .. .. - ...• 120 -118 55¼- 50¼ 80¾- 76¼ 96¼- 92¼ iso· =126¾ i29· -128 .. ::: : = :::: i25· =12s·· i25¼=125,¼ i24¾=120 .. iac> -130. 132}.(-132¼' :!:·j!:~·tJ'.e.~~~: i2a° =1i9 .. iii}' =tis .. 1ri¾=1r~ l~i¾=l~g New J ersey Central... 105¼-100 107.!,(-103¼' 107¾-105¾ 109¼-105¾ 114¼-107¾ 112 -109¼' 112;(-105¾ 108),-105¼ 115 -108 114.),.(-100 113 -105½ 112 -110¼ . ... - ........ - .......• - ........ - ........ - .... 104, -104 71 - 71 .... - .... 71 - 71 81 - 81 NewJersetLand~crip 80 - 80 .95¾= 90¾ ·97· : 93¼ 99¼= 94¾ iror.= 94¼ ioi· : 97¾ .99¾= 96 ... 97¼- 95" ·99~,= 96¾ iO;¾= 9i¾ .93¼= 84¼ :J~rc%. 88 - 84½ 90¾- 86¼ 93¼- 91.J,( 93 - 90¼ 95¼- 92¼ 96¼- 87¾ 88¼- 80 95¼'- 93 " scrip. 91 - 86¼ 98¼- 88½ 96¾- 91¾ 97¾- 91 " -155 153 -153 .... - .... 155 -145 145 -145 145 -145 :N. Y. & New Haven .. 144_¾-H4¼ 148 142¼ 148 -147 147 -140¼' 150 -148 160 -157 155 -140 -137 138 .... .... .... ... . -140 140 140 -150 150 -139 141 -135 137 -140 140 -137½ 139 -132 " scrip. 136 " 43¾- 34¼' 43¼- 37 ·46¾- 4f' 46¾- 42_½' 47¼- 42¾ 46¼- 44¼ 47¼- 41 Ohio & Mississippi... 36¼- 27¼ 41¾- 34¾ 4:J¼- 41¼ 55;i'- 45¾ 52¾- 47 - 73¼ 75 75 77 72 78 78 79¼78 79 77.½' 78¼77 78 79_½' 83¼7:w · 80 73¼ 77 71¾ 73¼70 " pref,. 72.½'" 71 - ·56 60 - 55 63¾- 55 75 - 60 74 - 53 52 - 50 54 - 49¼ 53 - 4\J 71¼- 51 75 - 'i0 72,¼- 68 Panama ..•.• . .•• . .... 73,(- 68 - 95¼ 98 95.J,( 97¼9o 100¾99¼ 102 99 100.J,(99 100¾98¼ 100½99 9~¼97¼ 100 95½ 98 94¾ 96 92¼ 94¼. Chic & Pitt8., Ft. W. 99¾- 97_¾ 103¾- 99¾ 111¼-103.J,.( 119.),.(-109½ 118¼-108.¾ 113.J,4'-110¾ 115,¼ -113 116J(-112¾ 114¼-100 114¼-107¼ 115_¾-110¼ Reading ... .... .. ...... 100¼- 97 ..• . ... . ... -101 102 102¼-101¼ .... .. .. •.•• .. . . .... 93 93 .... .... 92 92 .... Saratoi1 & Rell!!s. Rome, W. & Ogaensb. 125 -12-3 ., •• - ........ - . ... 126 -1~5 126 -!26 . ... - .... 116 -116 115 -115 . . .. - ..... 110 -110 110 -110 .... - ... . l'i9'9 60¾61 61 59 59 59 59Ji58 59 5!J 60¾60 61 fiO 62¼54¼ 62 48¾ 54){.... .... 47;, 48 .. Mt Irou & S~. Louis · ·• . ·.·. ·. -- ... • · •. •. -• • · = • · •. = .. • · : •. ·. ·. ·. .· .. • · : •.·.·. . •. •. .. · _ •. •. .• · · .· = ·..· .. ........ .. .. -- .. .... .. 62. . -- 62 Sixth . . . . . .·•· .· = .· .· ·. ._ . .. - . . . . .... -- .... . . . . 125½-125 . ..• -- .... 65 65 .........•• Avenne..•....• SecondA.venue. mt= ii¼ ~~¾= ii¼ l~~tit !11~~~:.!:~:;~~i::: :~~= ~~:: :~~= ~i~ :~~~= ~:: : ~ ::¼ :i~~= ~i:· :~i: =~~~·it~= t~~ :ii:: ~i~ ·ig~~ 18~ ·~i~: ~i:: ·~~· =~~~ ·~~· =~~~. pref. " •· Union Pacific ......•.. 2--Stet1,rri1JltirJ Share-:. Atlantic Mail. . • . . . . . . Pacific Mail. .......... ·. 3-Tdegraph. Western Union ...•• :. 4-0o rr.l ShaT¥J List. American . . . . .• .• . . . . Cumberland . .......... Consolidated .• . . . . . . Pennsylvania......... Wilkci-barre.. .. . . . . . Maryland . . . . . . . . . . . Spring Mountaiu ..... 5-GIZR Share List. Manhattan ...... .. . ... 6-1lJi ,, i ,,g S,1cre •Li8t, .llariposu . . . . . . . . . . . . 76}.(- 76¼' .... - . . . . 80 - 78 24 - 11½ 27¾- 17¼ 32¼- 24 82 • 82 !- l - 79¼ 82 - 82 8l - 80 35¼- 25¾ 37¼- 32¾ 34 - 28J{ 31¼- 26 . ....... - ...... .. - . . . . 20 - 20 .... 43¼- 39¼ 46¼- 42¾ 46.¼·. 42¼' 49¾- 42¾ 4.8¾47¼- 44 40 - 30 24 .. . . .. - - 44¾ ·•fr¾- 40,¾ 46¼'- 42¾ . .. - . ... ... . - . . . . 84 - 83 .... - . . . . ... - .. . ·34 .- 2G¼ 34:V.- 26¼ 28¼- 20¾ 23¼'- 23¾ 29¼- 26"'1 .. - . . . . .. - . . . . ... - . . . . 58¼- 4G¼ .52¾- 40¼ .4S¼- 44¾ .53¼- 46 ·s,J('. .-- 46¼' 52¼- 45¾ 59¼- 51¼ 61¼- 57¾ 60¼- 57¼ 61 - 55¼ 59 - 55½ 62!4'- 57.J,( 69½- 62¼ 67 - 52¼' 69¾- 60¼ 71¾- 663( . . . 40 30 30 23½ 24 ... . 224 ........ .... 40 ...... 47 - 2G¾ - 35 36 - 34 - 29 39¼- 24 - 2i -221 221 -220 - .......• - .... - .... - ... - .... ·4:1· - 43 52¼- 40 35 - 83 311¼- 3!i 223 -221 . ... - . . . . 3:: i½- 30 ..•• - •••• .. .. - ......•• - .... . ..• - . . . . . . .. 5),(- 5 GYa- 5 8 ~¼ ¼ 3100¼ri:rce~·iir:::: 10 :: - 2a Quicksilver. ... . . ..... llJ.(- 5 14X- 10 pref ...... 15 - 7¼ 20 - 14_½' " 7-EXP''t!SS Share Lut. Adams Express .. ..... G7¾- ·'64¾ 71 - 65½ American . . . ... . Am.M:crchants'Un ... ·,isj[-42 .. 4'J -43 .. United States Exprcs~ 42¾- 33¼ 54 - 41¼ 42½- 39 ·Wells, Furgo Expre~s . 40¼- 35 •• scrip. 2¼- 2}b 2 - 1¾ • = 7 1 1¾22· 15 21 - 65 35 48¼. ... 68 37¼60 - 51 32 38 . ... 58 30 55 . ... 255 -255 7½- 6¾' 6 9¼' 12%- 9¼ 2·2 30 - 25 10½ a - 11¾ 20 - 18 lli R¾- 11¾ · ... . 13¾21 - 67 50 54 221 66 41 85 - 50 - 34 - 36 -221 - !i5 - 30 - G3 - ao· · 33 -- 30 ·si~= 2iji ·2ii· -- 20,i,i ·so}f6::l - 66 86 - 74¼ 88 - GO 74 - 71 .. .. - ... . 5 5 7¼ 8¼. . . . 23 11½ 13¼21.¾16 . ... - . • . ax .... - .... . ... - •....... - .... 218 -~8 3¼4¼4 7 - 5;:( 6½: 5¾ 7 Ii 4 2 25 - 23 23 12¼'- 12 . i :-i~.- ii.Ya 18 11 21 - 19¾ 25,¾19½ 20¼'- 19 74J{- 6n~.,.- sa - 73¾ 82¾- 80¼ 82¼'- 80¼' si - 80 3'= = ~5 - stJf 88 - 84½ 87¼- so .s.q~i s1 .. ....... .8¼ . . .. ... : 81¼. . . . . •. ........ 9 ... 75 78 . . . . . .. fl-land Tmp'm' I. Ccs. Bo,iton Water PowP.r.. 24 - 19_% 26 7¼Hrnn '"' \vick City I,and. 7 - 7 75 Canton Co ............ 72 - G8 Uary Improvem't Co .. .. .• - ........ - .... . 2~.¼ 3G - 28¾ . . . . 77,( 8¾- 7½ 0)'.S'- 9?' .. 8¾7l J, 86 - 74¼ 85¼'- 82.),,( 85 14¼'. ... .. .• - • . . . 14 - 13 ... s;; 82,½ 13¼ . ... - ....... . .. ·sJ,. 9,\(- 9 79),- 78 ...... 83!i- 7!) •• .... - ........ - 65 - 65 248 -248 1~- 1 1¾- 1 1 1¾ 1½= 2.J,.( 2J': l _½' 2 . 24 13¼' . i!l¾- iii .. .27¼'- 17~, . 2iii,c2l¾ 26¾- 2H}(' 3'1 - 24.¾ 30¼- ·s1}{= 5i .. ·Go,½: -~!)~= 4i = 4iJ{. ·59¾= 47¼ sn¼: 5i .. ·57½~ 53· · ·5i· = 59¾- 55_½' 59¼'- 48 56_½'- 51_¼ 54.J,.(- 53½ 57 - 53 59,¾- •lti½ 60 - 55 53 - 45 52%- 49 51 57½4(j 53 41¾ 5·• 45 49 44.½ 4H 44 - 42 43¼ 40 2)(- 2}.( 2¾- 2¾ 2;.(- 2}' 2 - ! 2¾- 2¾ 2¾- 2 2 - 1¼ 2 - 2 .;i;~ 21· -- 22· 1>( .. 23¼ !8¾ S7¼'- 84¾ 91¼- 86½ ·60· = 159 57¾.... - 5o3i ·6i,½= 57½ 56¾ 66 - 57 52¾ 58¾- &6¼ ........ - .. .... - .. - .. . - 6¼ 6 - 6 72 - 7:J ·! 2¼- 09 - G'i' - ........ - . . . . . .. - ..• 8 al.. .~.·.·... ~;-1~ -121 125 -12! 1 122_¼-117 D et:t:.~rc°a.~ _ .. .... lJ.0 -110 _ .... 124¾ . ... -1(16_¼ - 99 117 -1 5 120 100 -115 99¼ 1!7 ker~• ~.Brokers' .. 19\JJ{.B:rn . •.• - •... . ..• - .... U .•9 tutes'I1us tCo .... , l!J8 - .... . . .• - ........ ·• ... . https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis ;:~::·. -_1:·8·¾·· l.~.4~. " -11:8:·· 1·24··· -=11.8: : ~2·5· -1~1 -=1~20~¼.,..l~:23:::= - 74 RAILROAD ANJJ J,IJSCELLA NEO US STO CK S. . The money market worked very closely during most of the year. except from May to September, and at times reached very h1gh figures, interfering seriously with stock 01,erations. James Fisk, Jr., was shot in January. The month of March witnessed the Eri~ "revolution," with the overthrow of the old boa.rd of directors and the resignation of Jay Gould as president of the company. DP.alings in the stock were subsequently to that time of enormous extent. and the price advanced from 30 (Feb.) to 'i5J (May). ~hiladelphia & Reading stock was , truck from the Stock E xchang e list in March, the company refusing compliance with the r equirement of registrv in New York City. In June the sales of P acific Mail stock were very large. The law passed for !eduction of the capital stock .from $20,000,000 to $10,000,000, and the increase by Congress of th e company's subsidy to $1,000,000, m consideration of doubling the service between Cbtna and San Francisco, were important influences causing this ac:tivity, and also the annual election of the company, in r eg ard to which there was some contest, al though the form er directors were elected by a large majority. l n September, Erie stock had previous to the 17th been m ade very scarce, and was loaning at high rates from day to day, in consequence of the heavy purchases of a leading speculator, who had t hus "corner ed,.,. a clique which had sold the s~ock short to a very large amount. For th e ptHp()se of compelling th e party who was carrying Erie to sell out, and at the same time to harass the gold party, the clique then locked up money, and succeeded in making extravagant rates o-f interest, while borrowers o-f gold also had to pay i per cent a day for its uRe. That day {the 17th ot :September), when money commanded t per cent a day, gold { per cent a day, and Erie stoc-k as high as 2¾ per cent, was remembc,red as the day of the "three cor_ner~." The Boston fire (Nov. 11) caused considerable excitem ent and depression in stod u1, but not to the same ex tent as the Chicago fire, th e losses being lighter and falling on m en th at could stand them. The corner in Chicago & Northwestern in Novem~ ber carried the stock from 7'if to 230. 'fhis a ppears to liave been the most successful corn~r since the Harlem game in 1864. In Decembn. Jay Go uld compromised a suit with the E rie Railway, by the restitution of property estimated to be worth about $9,001),000. _ ·fhe general tone of the market was firm and improved at cl ose of year. STOCKS. B. R. Stoeks- Alton &Terre Haute. do do pref. Alb'y&Suequehanna Bost'n Hartf'd & Erie Chic. & Alton ..• . ••.. do pref .. . Chic., Bnrl. & Quincy Ohic. & Northwest ... do pref .. JANUARY. FEBRUARY MARCH. 25 - 22 ...•.... 57 - 55 57 - 56 93 - 02 94¾- 93 4¼- 3¼ 4.¼- 3.½ 123 -118 123 -117 122 -12~ 125 -119¾ 141¼-128¾ 143 -136 75¼- 66¾ 77¼- 73¾ 94¼- 90¾ 92¾ - 90 2b - 25 66 - 60 96 - 96 !-l¼- 3½ 117Ji- 117 . . • . .. .. 137 -1~4 84 - 76.½ 96 - 90¼ JULY. MAY. APRIL. AUGUST. SEPTEM'R. OCTOBER. NOVEMBER DECEMBER l----•l-----l-----1 -----1----1-----1-----1-------------1----·I--- High.Low. High.Low. High.Low. High.Low. High.Low. High.Low. High.Low. High.Low. High.Low. Higo.Low. H igh.Low. High.Low. - 25 - 25 . ••. - • . •. 55 - 55 . . - ... 94¾- !14,¾ 94,¾'- 93,¾' 10¼ - B¾ 11 ½- 7 120¼'- 117 117¼-116.½ 123 -121 121 -121 134 -132 133 -131 85,¼'- 78.¾ 80.¾- 72 97¼- 92,¼ 94¼ - 92¼ gi~~.tt~:. :oi!A~ii. 1:~~-1~~~ 1w~=1~~ 1:~~=1::~ 1:~~=1:~~ 1:~~-1~~~ 22 . - 22 •••• - •.. . 48 - 45 .... - . . . . 96 - 94½ 92,¼'- 92 8½- 6½ 8¼'- 7¾ 117 -115 ,118 -116 . .. - . . .. 128¼-120 130,J,t-129¾ 131.¾i -131¾ 75¾ - 70½ 76.¼- 12¼ 94¾- 90¾ 91 ½- 90½ 1::~-1~!~ ·\. ..• . - ..•. > •••• - ••••••• - •••••••• - •••• 45··_ 44·· ...•- ........ - ...... 93 - !)3 q4 - 92 94 - 94 95 ·_ 94° 7¼- 6¾ 7¾- 6¾ 9¾- 7 8.¼- 5¾ 9¾7¾8 8 118 -113 113 -110 113 -109 11/l -108 113 -110 20 -11 8 115 -114¾ 115 -114 113 -113 113 -113 132¾-127¾ 135 -130 138,½-133¼ 135 -130 138¾ - 137 75.¾- 72¼' 74%- 70 83¾- 68¾ 230 - 77¼ 00 - 81¼ 91¾- 89¼ 90_¾ - 84 90 - 84 J{ 102 - 83.¼ 9i;{- 85¼ 0 : ::·- :::: 1:2~=1:~~ 1:~~=1~~~ 1::~ =1~~ 1:~~-1~~~ 1~-: ~~-10: .. 1:~~- 1~~- -· 23¼- 19¼ 23¼- 21 26.½- 22.¼( 41¾- 26¼ 42¼- 35 38¼- 32.½ 37.¼- 34¾ 36¾- 33¾ 37.¼- 34¼ 87¼- 33¼' 36¾- 26 37¾- 33,¾ 129¾- 89¾ 92¼'- 90 92.½- 90 93¾- 91.½ 93 - 91 91,¾- 90¼ 92 - 90¼ 92.½- 90 90¾- 87¼ 90 - 87 ~O - Sti½ 89¾'- 87¼ 90¾- 88½ 88¾- 88 90,¾- 88 93 - 89¼ 93 - 91 95 - 92¾ 95¾- 91 91 :,,(- 89 90¼- 89 91¼- 88 91¾- 88 93 - 90 . .•• - . . . . 70 - 70 74 - ';4 70 - 70 .. . . - . . . . . . .. . . . . 60,½- 60¾ 70 - 70 ... . - . . . . . . . . . . . . 64 - 62 •• . - •.•• 106 -103¼ 104 -102¼ 11:2¼-105 109¼-108 108¼-105 108¾ -107 105-,¼-104½ 104¼'-103 103 - 96¾ 99¾- 93¾ 99 - 94 96 - 91 38¾- 30 33¼- 30 67.½- 32¼ 72 - 60,¾ 7n_¼- 62½ 66¾ - 50½ 59¾- 50¼ 52¾ - 44¼ 54 - 47¼ 55 - 47¾ 1'>7¾- 4£ 62¾- 51¼ ti7 - 6' 62 - 62 83,¾- 60 84¾- 79 87 - 82 84.½- 78¼ 80 - 73 74.¼- 68.½ 71¼- 69 74¾- 70¼ 74 - 71 79 - 73 118¼-lU 117 -107½ 115 -108 130 -112 129 ~119 122 -lH~¼ 121 -114¼ 118 -114¼ 116 -109¾ 115¼-110 116¼-111 119 -lla . 135 185 ... .. . 130 130 59¼- 47,½' 50¼'- 37,½' 4,j,°·_ 36¾ 47¾- 39¼ 45° 39¾ 41¼- 38 41,¾'- 38¼ 3~¼'- a-i"" 38 - 30¼ 35¼- 2a·· 49½- 34. 71½- 64¼ 67¾- 59.½ 66¼- 55 67¼- 62 64¼- 60½ 60 - 60 61 - 57¼ 57½- 56 54.¾~ 44 56 - 50 52½- 48 70¼- 51½ . ... - . ... 166¼-166¼ .. ·· •••• - ···· gf ·: gf" 1:i¼:1:¼ 135 .. 1: 1ar · :1a-1·· 1a1· ·:1ss" · 140··:1a1· · 13.9··:13.3· · :1: 13.3· ·-121· · 129··:122 .. 128 -119 i29· -125·· Long Island.... . ..... 66 - 62 . . .. . . . . 74 .,. 74 72 - 72 . .. - . . . . . . . . . . . . . . . . - . . . . . . . . .. . . . . . . . . . . .. .. - . . . . .. . . .• Lake Shore & M. S... 95½- 89¾ 92½- 89¼ 98¼- 91½ PS¼'- 94¼ 97¾ - 94 96%- 95 97½ - 92¾ 9'2½- S8 90 - 86¼ 93¼- 86¾ ~ - 83,¼ 96¼ - 93¼' do do 11crip. 89¼ - 83¼ 88¼- 86.½ 94 - 88,¾ 94¼- 91 93,¾- 91.½ 93%- 91J~ 94½ - 9l¼ . . . . . . . • •.. - ••.. Macon & Westeru. .. . ... - ... . 105 -105 . ... •. . . . ... - .•. .... . . . ... - . • Louisv. & Nashville.. • •••. - •.•. 80½- 80 . 81 - 80¾ 80 - 80 .. 7iJ° ._ 79' llarietta & Cin., 1st ..•••• - .•.. 22··_ 22· · 22° ·_ 22· · 30 - ~ 30 - 27 28° - 27¼ 26½- 25¼ 27 - 25 27 - 26 28¾- 27 do do 2d . . 11 - 11 14¼- 11½ 16 - 14¼ .. . - ... . .. •. - .•. is°"- 12.. 14¼- 14¼ .... . ••• Memphis & Cha'ston. . .•. - . . . . .. 35 - 34 ... - . . . . .. . . - . .. . .. . .. . ... - . . . . . ••. - •..• Michigan Central.. . • 118 -115 119_½-117 118¾-113 117 -115 119 - 115¾ 120 -119¼ 11/i_½-115 117.¼-116¾ 115 -115 117 -115 115½-113_¾ 117 -114¼ Milwaukee & St. P . . 5()_¼.. 53¼ 5~½- 55 64 - 56.¾ 64.¾- 59¼" 61¾- 57 58 - 52 57¼ - 53 56¾- 53¾ 1'>6 - 53.½ 58¾.- 53¾ 57 - M 55¼- 53, do pref. 83 - 74¼ 78.%- 74¼ 82¼- 7i½ 82¼- 79¾ 81 - 78 78¼- 77¼ 79½- 78 60¼- 74¼ 76.¾- 74 77¼ - 74 76¾ - 72¾ 77¾- 76 Ho. Kan. & Texas.... . ... - . . . . . ... - . . . . ... - . . . . . . .. - . . . . . . .. - . . . . 44¾- 35 43 - 41¾ 42¾- 41 41¼- 40¾ 43¼'- 41½ 42¼- 40 12,½- 41 Morris & Essex.. .... 93 - 92 93 - 92.½ 96 - 92¾ 95¾- 94 95 - 94¼ 96 - 92¼ 93 - 92,¾ 93 - 91¼ 92 - 91 92½- 90 92¼- 91½ 94 - 89¼' New Jersey .......... 127 -127 126,¼-125 126 -126 126¼ -126¾ 126 -125.¾ ... . - . . .. 126]~ -126,¼ 1~6½-121,,¼ 127 -127 124 -124 do Central.. 113¼-l OS¾ 112 -110 113,¼-111 lll¾-109¼' 110,¼'-108 110¼-108.½ 108¾-107 108 -106¾ 106¼- 100 104 - 98 1or·- 99,¾ ioiJ" -1(0° do Ld. Imp. Co. 71¾- 7!J½ 75 - 72 75 - 75 76 - 76 76 - 75 76 - 75 ... . . 'l7 - 76 ..• - • . . . 7t - 74 ..•• - . . . . 'lO - 70 dQ scrJp.... . ... 107 -102 106 -106 10$¼-105 106¾-106¾ 107 -106½ 1015¼-1 04 ¼ 1()(5 -10~¼ !OqJ,.(- 1()3 . •.. - ~ .. , ... - •. . . 98 - 98 100¼-100¾ New J ersey l::!outbern ... .- . . . . . ... - . • . . 27.½- 18 25" - ~3¼" 32 - 25 28¼- 2:l 25 - 25 24 - 24 21 - 18 27¼- 20 28 - 25 27 - 25¼ . N. Y. C. & H. R. stock 98¾- 94¾ 98¼- 96.¾ 101%- 94¾ 101½- 96.¾ 99¼- 96¼ 98 •i - 96¾ 98¾- 97¾ 99¼- 95¾ 100¼- 92¼ 96¾- 91¾ 9tl¼- &I •. 100¼- 95¼ do scrip 94¼- 90¾ 94 - ~2¾ lJ5 - 89.½ 94¼- 91 94¾- 91 98¾- 94 98¼- 9'.¾ ,_ .• - . . . . . ... - . . . . . .•• - •. . . • . • . . ..• N. Y. & New Haven .. 143,½-142 142¼-14-0 143 -143 146 -145 14/i,¼-145 147 -147 145 -144 146 -146 .••• - . • . . • ••• - •• •. • ••. - •••• do Acrip 135 -135 136 -136 139½-13'3 138 -138 140 -140 .... - .. . . . •• . - . . . . . .•. - . . . . . .•. •.•• - • . . . • ••• - •. •. • .•. ~orth Missouri ...... - .. •. . •.. - ... . 7 - 7 .... - •••. . . . . ..•. - . . ...... - ... . .... - ... . •.. - . .. . 14·2···:14·1··· 14·1· ··=13·0·· N.Y.,N.II.& Hartford .... . ... . ... - .. . . . ... - .. . . . . . .... . . .. - .. . . 168 -168 164 -164 ... . - ... U7 -145 144.½-142 o Ohio & Mississippi.. 49¼- 41¾ 47;{- 43½ 51¼- 43¼ 51¼- 46¼ 50¾- 45¼' 47¼- 4:3¼ 46_¼- 45¼ 45¾- 42 44¾- 41.!,( 48½- 42¼ 48%- 40 49 - 46¼ do pref. 76 - 74 75 - 73 78 - 74 711 - 77 79 - 78 75 - 74.¾ 75 - 74.½ 75¼- 74¾ 75¼- 74 75¾- 74,i.. 77¾- 76 74¼- 74 Col., Chic. & Ind. C.,. Cleve. & Pittsburg . . . Cleve., Col. Cin. &Ind Dnbuqne & Sioux C. Del., Lack & West. .. Erie ................. dq pr:eferred..... liarlem ............... do pref.... • •• . • • llannibal & St. Jo .•. do do pref. IIartford & N. Hav.. a~··_ aii 0 - f,Yl~~\fc~!i;:e::::: :1ao.. :1:~ 1~ 0 ~:~~fi~;_r_~~~~~~~~:: : so·· _ 72·· is··_ 7a· · Pitts., F.W. & C. gnar 97¼- 95¼ 99¼- 97 do special ... - . . . . . ... - . . . . 1 1 :~~~nl"w~t~rto~vn:: ~¾= iM~:n~¼ R enss. & Saratoga ... 100 -100 103 -102¾ St. L. & Iron Moun . . 64¼- 59 77 - 65¾ :!c~;;li~~n~t.~r~~ 65 --: 65 .. 85 .. _ Sixth Avenue........ . . .. . .. Union Pacific . ... . ... 39¾- 28½ 39¼- 3i_¼ Tol., Wab. & West... 76¼ - 70_¼ 76¼- 75 · do pref. 87¼- 36 W'l'alrrpen .. :·•·& ···w···· .. 88 - 88 o ., eor1a ar ....•. - ••.....• - •••. M~ so·· 1Uiscel'8 ~tocks. ()on solidated Coal... . 42¼- 39 Cumb' ndCoal &lr-,n. 46 - 46 American Coal.. . .... 46 - 42 l\[aryland Coa l.. . . ... 26 - 23 Spring Mountain Coal tl7¼- 62 N ew Central Coal... . .. .. - . . . . P ennsylvania Coal. .. 214 ·-212¼ Wilkesbarre Coal..... . .. . - . . . . Pacific Ma il ..•.•••••. 5!1,¾- 53% Atlantic Mail........ .. . . ... Canton............ . . 81¼- 76 Mariposa............. do pref .••.••••. i,¼' do Trust.10~,ctfs do Laud & M. Co. .• •. •• . . 1o do pref. Quicks ilver......••... 29¼'- 25½ do pref . .... 31¼ - 30 Western Uniun Tel. . 74,¼- 68¼ N. Y., N e,vf. & L. 'r el .. Adams E xpr ess ..... . 92¾- 90 Ameri can ll'L U ni on . . •.31 J'{ - 59 United Statee . ....... 66¾ - 60¾ W ells, Farg o & Co . . . u3 - 56,½ Del. & Rud. Canal. .. .124 -11!:?;{ Brun ;,wick City L and 6 - 6 l\Ianhattan Gas ....... 223 -223 "s"'- 0 39¾- 35½ 52 - 52 45 - 43 22 - 20 67 - 65 . ... - . . . . 215 -215 .. .. - . . . . 60,¾- 56¾ . ... 84¾- 79 2 ¼ 3 ¼ 1ia··: ilo 123,½-1wi 1is· ·:1i4i 12si=1ia" · 1a4· :12i·· 1.iii"·:125·· 1~g¼:1~~~ 1: =1~g 1gg :1~ 99 - _98.% 9S - 95 98¾- !Jti¾ 98¼- 98 98 - 96¾ 97 - 96 96¼- 93 96- - 92¼ 94¼- 92 94¼- 9'l . .. . . . . . ••. - . . • . ... - . . . . . ... - . . . . 94.' -- 94 • . • . • .•. - •.•. gs··_ gs·· 100 - sa·· 99 - 99 95 .. 95··: 105 -103.½ .... - .... 107 -107 92 - 74.½ 100 - 90 103 -100 7i¼- 77.½ . ... . .. .. 4i¼'- foi.' 42. - 37° 41¾- 37¾ 80 - 75¾ 80¼- 77 78 - 75 :~::: :::: 0 . ..• - ..... 42 75 42¼23,½62 - 34,¾ 65 37_¾ 17¼ 62 220 -220 .. 64¾- 60¾ . .. . .. . 96¼- 83½ 1.½- ½ 4 - ¾ . . .. .• . . 45 75 21 24¾60 - 42 75 2! 22 50 219 - 219 47.½- 47.¾ 76¼- 61 ¼ 33¾- 25,¾ 96 - 92 2¼- !.¾ 4¾- 2¼ 36%'3!-l¼'72¼. ... 9-1 - 29½ 44¾- 3!,¼ 144,¼- :163,( 3•i¼' 54 - 37 56 - 48.¾ 68¼ 74 - 69 77 - 'il¾ .... 90¾ 99¾- 9~! '>3¼- 96j1( 69¼- 61?-( 74½- 6!J i5.½- 72 6'i¾- 63 75,¼'- 65J, 79 - 71¾ 74¾- Iii!¼ 78¼·- 'l'?. o5¼-· 77 120¾-119 120 ··119 t20;<S-11!; . .•. - . . .. 6 - 6 9¼- 6½ 210 -210 211 -210 ...• - .... :~~t~~~t~rop!;~1 ::::: ~::: :~ •• https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis 100··: so·· =:~. .:::: :::: .... .. . .. . . •.• . . ... - ·•·· 102,¾-101 ::~= :7~ . ... - . . . . 40¼- 36_¾ 77 - 75 .••. . . •• 94··: 04· · . . .. .... 10!} -100 74 - 71¼ . .. . - . . . . 38¼'- 37¾ 76¼- 74¼ .. .. •. .. •••. • . •..••• - •·· 46¾- 41.½ 75 - 73 48 - 47 2:3¾- 21 55 - 52¼ .. . . . . . . 217,¼-217 50 - 49¾ 87¼- 72 38¼- 26 94 - 91.½ 2.½- 2.U 3¾ - 2_¾ os··: !is.. oi··_ 94·· ::·::: . ... 87¼76¼- :::: ... . 33¼ 73 .,_;.··- 24···· ,.,,. - ····: . .•. _- • ... : :::-_ 95 95 93 69¼130 -130 .. .. 40 - 35¼ 40¼74¼- 68 .. 4¼. ... - .•• . 90 ...• - •••. n5···_ ,., i~ : ig ••·· '.~:: 9-s 69 ... . 37½ 68 88¼ 2·5··· ····: ···· .... - •••• 10'f"-_10·6° . . . . -_ -;,·· 9,. 90 97 90 00 ~~ •• : .. .. 39½'T3¼- ~~- ... 30Ji 64 3·0-···: a·o··· .•.• - ••• , 65 .... 38,¾76 - 65 . .. • 36¼ 00 45¾- 4'l¾ 44¾- 43¼ 43¼- 41¾ 42¼, 40 46 - 41 49 - 43 48¼- 47 73 - 70 70 - 70 80 - 72 80 - 80 .... ... . 75 - 75 42 - 42 43 - 43 64,½'- 55. · 60 - M 2i°"- if" .... - ... . is··_ if " 19 - 15 22°·- ig"' 21: - 21 22 - 21 50 - 50 55 - 55 60 - 60 60 - 6Q . . . . . . . . . .•. - . .• 48¾- 46,¾ 48¾- 41 215 -215 •..• - . .• . . . •.. . ••• - • ••. • ... - ... . 210 -210 . ... - . . . . .... ... ,. .. - . . . . .. .. - ..•• 76¾- 67¾ 78,¾- 73½ 76¼- 72¾ ';6¼- 67.½ 103¼'- 73½ 95¾ - 81 89½- 71¼ . . . . .... ... 2-l¼- 15 30 - 25 , ... - .... . 17¼- 10 14¼- 12¼ 94,,.,, 91 102 - 93¼ 100 - 97 95 - 89¼ 107 - 93 10G¼- 99¼ 107 -101 .... - . . . . 11/.- 1¾ . •. .. . .- .. .. 2¾- 1¼ 2¼-.,·1½ 1¾- 1¼ 3 - 2 2¼- 2 2¾- 2 2¼- 2¼ 4½- 2 4¼- 2 3 - 2¾ . ... - 15 17 - 17 .... - .. . . .. . .- .... . . - .. . . . .•• - • ••. 17¼- 17 18¼- 1~ 441/.: 41 49 - 42,,'t 48 . - ~ -! . 30 - go 43¼- 26.½ 42 - 34.½ 43¾- 41 ½ 43¼- 40¼ ,--~ ~ .,74 - ~· • 54¾ - 39 52¾- 43¼ 53¼ - 51 %: 53¼"- /'JO 55¾- 51¼ 59 - M 57.½- 52 !iG½ - ~ 2¼ 6~.½ 72_¾ - 6'1½ 81¾- 69¼' Sli}-4'- 72 77¼- 73.½ 76_¼- 73¼ 75¼- 74¼ '"15¾' .. .. . ... . .. . 82,½- 82,½ 83 - 8~¼ . .. .. .. - - - . 9fl¼ - 96¼ !l8 - 96¼ 98 - 97¼ 97¾- 95¾' 95¼'- 88¼ 95 - 91¼ 95 - m 94 - 92¼ 80¾- 7~¼ 79¼- 73¼' 75 - 78¼ 74.½- 70 71 - 65.½ 71¼'- 67 71?'/a- 62½ 72 - Gli;i Sli,¼- ,6 87%- 83 83¼- S3 83¾- 81½ 82.J,-.(- 74½ 81¾- 75 79¼- 72 82 - 79 95 - 85 93 - 87;,f. 89 - 88 88;\f- 67 80¼- 79 88¼- 85 BS - 80 8!1 - 85,1:( 12ll¼-119¼ 121,J.!- 119¾ 12~ -117 120 -118¼ 119 -11 li¼ 118 -115 117_¾-115¼' 120 -116¼ 7 - 6.½ •.•• - . .•. • ••• - •••• • • • • .. • • • · .. -• • • 5½- 5¾ .. •··· • · · · · -- · ··· 211 -210 . . . .• . . . . • ••• - • , •• 210 -210 21~ -210 210 -205 ~01 -,201 203¼- 200 .u: l~r=i~¼ ::::: :::: 52¼- 52¼ 4!i'-•~ 49 .. 0 48° - 47¼ 55··= 55 .. ::::: :::; RAILROAD ANJJ MISCELLANEOUS STOOKS. ::;===============:=;::::::========================= 1813. The money market continued very stringent during the early part of the year, and about the 1st of April almost a panic ensued in consequence, B'S rates for carrying stocks were then quoted BS high as 1- to 1 per cent per diem. The Summer was noted for a decline of prices and the failure of a number of houses in Wall street. On the 20th of September the Stock Exchange was closed by order of the Executive Committee, in the height of the panic, and was not opened again till the 30th of that month. The extreme lowest prices in stocks, however, were generally reached early in November, and from that time there was a gradual recovery up to the close of .t he year. The Erie Railway (February) paid l¾, and (August) 1 per cent; but the stock was not benefited thereby, and continued to decline to the end of the year, the sale price (Feb ruary) having risen to 69¾, and (November) fallen so low as 35¼. In March, Harlem was leased to the New York Central & Hudson River Company at 8 per cent on stock. More advantageouf terms had been expected, and speculation carried the price (April) to 140; bui; on the real facts being disclosed, that "'(JUOtation rapidly fell off, and December found it at 115. 'rhe Union Pacific was under a. cloud, in consequence of the Credit Mobilier investigation by Congress. Pacific Mail suffered greatly from the mismanagement of speculative p arties who controlled the company. 'fhe extreme range of stocks in the year being a matter of unusual interest, the following table is given, showing the date of highest and lowest prices: Lowest. New York Central & Hudson River ........ 'l7¼ Nov. 5 1 ~ do preferred . ... . ......................... 56¼ Nov. 7 Lake Shore .... ........................ .. 57,i Nov. 1 Wabash ......................... .. ...... 82¼ Oct. 15 Northwest .... . ... ........................ 31¼ Oct. 14 do preferred......................... 53 Nov. 8 .Hock Island .............................. 80 ½ Oct. 14 'St. Paul ................... ................ 21½ Nov. 1 do ' r referred .. . ... ........... . .... . .. 4-'H-4 Nov. 7 Atlantic & Pacific preferred ..... .. . ....... 10 Nov. 15 Ohio & Mi;,sissippi._........... . ............ 2H( Oct. 14 Central of New Jersey ..................... 85 Nov. 19 Boston Hartford & Erie . .. . . • . • . .. .. .. .. .. 1 Nov. 10 D<llaware Lackawauna & W estern ......... 79¼ Nov. 1 Highest. 4 Hannibal & St. ,Toseph. ... . .. . .. ......... do do prefe1Ted ............ 140 Aoril 1 69)4 Feb. 4 Union Pacific .............................. 8~. Feb. 4 Col. Chic. & I. 0 .. ...... . ................. 97¾ F eb. 15 Panama .. . . . . . . .. .. .. ................. 75¼ Jan. 2 Western Union Telegraph .................. 85 Feb. 4 Quicksilver .. . ........................ . ... do prererred ..................... 94 Feb. 3 ll';"¾ Mch. 11 Pacific Mail . .. .. .. .. .. • . .. . . .. . .. ...... . .. 62~ April 21 Adams Express ............................ 79½ Jan. 2i American Ex:press .. . ..................... 3,½ Ja.n. 29 United States hxpress ..................... 49¾ J!)n. 24 Wells, Fargo & Co ................. ... .... 1C6½ ,June 7 Canton . .. .. .. .. .. .. • .. .. .. .. . . • .. ... 10_!,.( Feb. 3 Consolidated Coal.... • . • . .. . ... . . .. .. .. . . • 106 June 7 Mllryland Coal. ........................... 106½ Feb. I:'i~~~::: :. :::: ·.:: ·: ·.:~·:::::::::::.:: :::::: ~g¾tet/· Lowest. 15 J\ov. 21 Nov. 14¾ Nov. 16¾ Nov. 77½ Nov. 43),( Nov. 18· 8ept. 25 Nov. 25 Oct. 76 Nov. 41 N ov. 44¾ Oct. 56 Sept. f:5 Oct. 88 Oct. 13 Nov. Highest. 52¼ Feb. 7 71¾ Jan. 3 3!l½ Jan. 4 43½ Feb. 11 1:10 Jan. 6 94½ Feb. 6 46¼ Jan. 2 t,7 Feb. 1 ~6½ Feb. 7 100.!i( Jan. 29 70!4 Jan. S 82 Jan. 6 86 ,Jan. 29 110 May 8 58½ April 26 28 M'ch 1'7 7 7 1 5 6 1 30 6 15 3 1 15 30 28 31 3 -------·---------.,------------------.------------------=--------JANUARY. FEBRUARY STOCKS. 1t!A1101I. MA.Y. APR[L. JUNE. JULY. AUGUST. SEPTEll'R. OCTOBER. NOVEMB1m DEOE~BEQ lligh.Low. High.Low. iLgh.Low. High.Low. High.Low. High.Low . iligh.Low. H!,:;a.Low. High.Low. High.Low. High.Low. High.Low. ic. K. Sto c ks- ---· --- ::~= :~.. :~·-: os.. ~~= ~~ ~~~= ~~. tf~~~ i ~J:~~1~W!~~~ :~: = ~? :~. ::~.. ::~: ::~ ~~. =~: : =;:. ~~~= ~~~ 95 .. - :~. ::::: ::: : 30¾- 23 27¼- 2.3 26"- 22 .. 25¼= i9½ 27,¼(-18 ao"- 25¾ 26¼-16 16¼- 12,½ 16 - 10 15,½- 10 9¼- 2¾ 4,¾- 2¼ 3¾- 2¾ 3 - 2 3 - 2;, 2¼- 2¼ 2¼- 171 2 - 1¼ I!,- 1 3¾- 1¼ 113 -108;,i 111,.(-110 111,¼-110),( 110 -108 109¼-108½ 110 -104¼' 10414 -100 94 - 85 95 - 85 102¼- 99 97 - 97 97 - 97 98 - 98 98 - !:18 99 - 09 ... - .. . . ... - .. .. • ... . .. •= . ... - ..·.= .... 114¼-112 113,½-112 .... - ... 112¼-112 .... - .. .. 111,½-111¾ .... - ........ - .... 96 90 104 104 112.¾-111 111 -109 109¼-107 105)9'-103¾ L05 - 98),( 106 - 98¼ 98¼- 90 93¼- 84½ 94 - 78 96 - 94¼ 82½'- 80 82}.(- 76 81 - 77¼ 74 - 70,.½ 71¼- 68¾ 69¼'- 64 64¼- 40 45½- 31¼ 50 - 31% 57¾- 47 89¼- 87¼ 88 - 83 87¼- 84.¾ 85 - 81 • 84 - 80¾ 83.½- 82 81 74 - 64 71 - 54 7il - 53 73½- 67¼ 117¾-112 114,¼-104,½ 111.J,£-107 110¼-107¾ lll¼-109 110¼-108¾ 108½- 86 96¾- 80.½ 94¼- tl3 1.c.:}_¼- 92 42-lt- 36 40¼- 35/~ 37¾- 29 31¼- 26% 33¼ · 28 32¾- 30 31¼- 19 24¾- 16.½ 24 - t6¾ 28 - 23 90¼'- BS 89,;g- 88 89¾- 87 88 - 87¼ 89¼'- 87¼ 89¼- 86½ 87 - 79,½ 83¼- 73 80¼'- 67 86 - 79;!( 90 - 87 87 - 82 90 ~ 8ti½ 88 - 84,½ 89 - 85 86 - 84 85 - 'i8 78 - 67¼ 69¼- 65 75 - 71,¾ 101_¼-100 101¾- 95 105 -100 106 - 96 102¼'- 97¾ 102 -100,¾ 100,¾- 86 93¼- 80 95¾- 7!l,¾ 104,¾- 94.!i( 63 - 63 .... - .. .. .. .. .. .. . ... - • . . 58 - 54 62 .. 60 .. .. - .. .. 55 - 55 50 - 50 .... - .... 66¼- 62.!i( 66¼- 68¼ 65¼- 59¼' 64½- 61¾ 65,¾- 58 62 - 58¾ 59½- 50¾ 53¾- 44½ 47 - 3ii¾ 47J~- 42'4 79¾- 74 75½- 73 74 - 72 74¼'- 73¼ 73,½'- 72 73¼- 72 73¼- 66 70¼- 64¼ 6i¾- 56¾ 71 - 71 139¼-127 140 -120 131 -122¾ 132¼-124 134 -125 133½-130¾ 130¼'- 90 117,¾-100 115,¾- 99½ 122,¾-115 1 1 1 1 1 1 1 52¼= 42¼ ~¼= : 45,¼(= 37'" 42'": 35" 37¾= s2·· 1!:.!i(: 39¼= 86· · 137¾: ig·· 26··: iti" ~ : ~Jt' 71 - 65 66 - 60 •••. - ........ - •••• 54¼- 54 60 - 64¼ 54¾- 52 50 - 33 35¼- 24 35¼- 21 37¾- 34 1-1 - dll½ l ~ -lll½ 118 -lH llti -Uo;~ 114 -105 110;1)-106 - l u!/ -lOti llJ5,½'-103.½ 100 - 92 !I\J - 9'.l 100½- !l8 .. .. - .. .. . ... - .. .. . . - .. . . . ... - . . . . .. .. - .. . . 102 -100¼ 100 -IOU 98¼- 98¾ 90 - 85 .... - ... . .. .. - .... . .•. - ........ - .... 94'"_ 94 ..... - .... .. .. - ........ - .... .... ... . .. .. - ... : 85 ,. 85 .... - ... . - .... 97¾- 90 .. 96¼ - 91¼ 93¾- 88,½ 93'"_ 89¾ 94,½- 90¾ 96¼- !ii¾ 95,¼'- 92¾ 73" 79": 57,½ 73¼= 57,¼' 77¼- 70½ 75 - .75 - . . ... - . • .. .. .. - • • .. .. .. - .. .. .. .. - .. . .. .. - .. .. ..- • .. . .. .. .. • . .. .. - .. . ... . - . 7g' ·_ 79" .... - .... .. ... - .... .... - .... , ••• - .... 53"_ ii," 26 -26 .. 24 -24 ........ 22 -22 22 -22'" 22 -22 ...... - .... 2~"-2f" .... - .... . - ........ - •••• .... - . .. . 12 -12 ... - .. .. 11 -11 11 -11 11 -11 111 -lGU~ 108J(-105 105 -103¾ 105;,£-103¾ 102¾- 96 95¼- 90,½" 95,½- 9i .. 90¾- 80 79 .. _ 65 55" 77,½"- 12·· 54½- 51_% 60½- 52 62.!{- 53 58½- 5o.½ 55¾- 4!l¾ G3¾ - 50¾ 5374- 50% 51 - 30 35¼- 22¼' 36¼- 21¼ 42¼- 34~ 79½- 73½ 76,½- 73 75.½- !i8¼ 74 - 71,½ 73¼- 7U¼ 74:!-,.::- 72¾ 74 - 70 70½- 56 60 - 44 60 - 43¼ 66¼'- 58,!e 40,½'- 38 38 - 35 36 - 35 .... - . . . 30 - 30 ... . - .. .. . ... - .. .. .... - . . .. 4 - 4 91¾- 91 91,¼- 90¼' !l2 - 00 94 - 92 95 - 90,¼ 92.½- 91 92¾- 91¼' 9i½- !ii" 88 - 84 91"93 - 88 121)9-121¼ - .... 120 -120 ... - . . ... - .. . 121¼- 121 123)i-123¾ ... . . . . . 115 -114 115 -115 106 -102 104¼-103 102~- 96 106),(-102 · 106¼-105¾ 105¾- 102 103¼-102,½ 102 - 91¼' 95 - 86 95 - 85 102"- gf" 27.½- 26½ 30 - 26 38 - 27 35½- 30 30 - 27 28 - 26 28 - 27 23 - 2:l¼ 17¾- 15 6 _ 6 9 - 6 lUG,½'-101¾ l0fi;(-100 Hr2¾- 97.½ 102¼'- 99¾ 102¼'-100¼ 105¼- 101J4' 105¾-103½ 105¼'- 89 95¾- 80¾ 92¾- 77½ 99¾- 9G¼ 142,½'-141 141 -139¼' 139 -135¼ 140 -137½ 140¾(-132,½ 138 -134 138 -136 136.½ 135¾ 130 -116½ 125 -112¼' 127 -121 ~tlan~~Pac&.~~~: t 38¼= 29 .. 38. - 20· ~ost'n,Ho.rtf'd &;Erie 9½- 6% 10;(- 8 Vhicago & Alton.... 115 -112¼ 116 -110 do s crip. 97 - 97 100 -100 <10 p ref .. 116 -116 119 -112,½ Chic., Burl.& Quincy. 138,½'-114 120 -117,½ ~hie. & Northwest... 8-l - 80¼ 85 - 80 do do pief. 9:.! - 87¾ 94 - 89 Chic. & Rc~k Island. 114,¼-10\J½ 114¼-111¼ 'Col.,Chic. &Ind. Cen. 41¼'- 36¼ 43½- 38 Cleve. &Pitts., guar.. 90_¼- 89 92 - 88¾ Cleve.,Col.,Cin.&Ind. 93J.{- BG¾ 9-1.½- 90 Ve!., L ack. & West ... 101¼- 93 103 -100 Dubuque & Sioux-C.. . ... - .. .. 63 - 63 Erie .................. 66;,4 - 58¼ 69.¼'- 63 do p1·ef..... .. ••. . . SO¼- 7'i' 82 - 78 Harlem .. ............ 122¼-114¾ 180½-118¾ atimbf{l!si:joseph 50),i= 45" nref. 71~- 7.0 il l 111uld Cc11Lral. .... . l~u)11-1;;J <.lo do scrip. .. .. - .. Joliet & Chicago..... K ansas Pacific ....... 2f ·- 24 Lr.ke Shore ...- ...... 97 - 91½ Lon~ I sland.......... .. .. .. .. Louisville & Nai,hv .. . - . ... l'ilar.&Cin.,lst, p ref. 28 -27½ do 2d,pref . . . . . - ... :Michi~an Centrnl. ... 110 -104 Mil. & St. Puul. ..... 54½- 51¼ do do pref.. 79¼- 76¼ Mo., Kan . ~'<!; Texas.. 40 - 40 Morrie. & Esse~ ...... 92 - 89¾ NewJerscy ·•• 1•· ·· ... . .. .. do C1entral. .• 105¼- 99.½ do Southern. 26 - 24.½ N. Y. C. & H. River• . 106¾- 99½ N Y., N. H. & H .... 141 -13\J ilo 010 Od~o & Mis~~siflrli>·. do . do pref. . 'Pacifico! :Missouri. . . .P~nanrn......... ... . . l'1tts.,F.W.& C.,gn_ar. do do special. Rcnss. & Saratoga... Rome & Wutcrtown. St. L. & Iron Monn . . C &N.,pi-cf. rn :¾: i:¾ or·= si": sa" ~~~- :~~ ~~~= ~~~-~ ~~·¼l'· 41½_.:, 38¼ 70 70 47¾- 35 117Ja-110 93¼- 933,i 90 ... . - .. • . . .•. - .... . ... - . . . . . .. . .. .. 90 - 90 . ... - ... 10!:J -104,½' 106 -102 103 -103 80 .. 80 87 - 83 91.½ 91 - HO 90;,8- 85 .. 89 - 85 86° - 70 70 - 70 66 65 - 58 55 - 55 .... 40 - 40 42 - 42 74½ 49 95 92,½ ~~~=·::~, 45½- 40½ 74¼- 73 75¾- 73½ 54 - 51¾ 50¾- 49 127,½-106;.{ 112,½-HrJ½ \JS - !J3 92¼- 91½ 44~= ~~~ 42 .. _= 3- 6.'¾ 71 75¼- 71 69 47 - 4: t 50 - 42 lli¾-109 112¼-108 !ill;.(- 92;2 !J5 - 93¼ ~~~= ~ .. ~~~= so" .... - ~~i:~!:. ~.~~~:· ::= :::: :::: ::: :::: :::: ::::: :::: 1,1i '4 C t>I ' ·"' Stocki!!. 0 .. ~~~ Consolidatel Coal. .. 4SJ,I- 43 Uumb'ndCoal &Iron. 70 - 70 t-m,;ricanCoal. ..... 62 -54 ,,laryland Coal. . . . ... 24;~- 20 Suri11_g ?.fonnt. Coal.. fi0 - 60 New Central Coat.... 47½Pennbylvo.nio. CQal... .. .. - .... Atl~ntic ~o.il .. ..... 13,l,{- 5 Pacific Mail .......... 75¼'- 69¼' Canton ..••......•.. ~. 102>,-100¼ Cen. N. J. L. Im. Co. 72 - 72 ¾ '\1arlposo. . ......... ~. 1 do pref .. ..... . 2¼- 2 do L. & M. Co . 25 - 16½ 43,¼l do do pref. 32 - 27¼ 46¼- 43,½ Quicksilver......... do nref.. ... Western Union 'l'el.. /"dam_sE,xp res~ ..... Amenc n Express... ,United States Ex .. . . Wells.Fargo& Co.Ex. i 56¼85.½LOO¼'70¼82 86 - 53 78½ 9-1¼ 68½ 7fi½ 85 ¼- Xi 2 - 1 22¾- 15¾ ao - 80 46¼'- 43¾ 57 - 65 94¾- 83¼ 99!,,(- 94¾ 68½- 66 78¾- 70 85½- 85.½ - - 16¼- 14¾ 45· -- 40 .. 54 - 50 90¼- 83 95,½- 94 69¼'- 66 76 - 72¼ 85¼- 80¼ 14.½- 13 - ·i¼'- ·i·· ·i¼'- ·ii( 40¼'- as· 50½87¼95¼69 76 81 - 50 Ti¾ 92¾ 65},cS 71¼ '78 0 fr ~~~1:~~ ~~t~~.~c' - 70 - 70 45 - 45 117¾- 84 94¾- 93¾ .. .. - . . 104 -100 /'J - .... - .... - •·· · • ··· 1 - 1 1 - ¼ - .. .. ½15 - 12¼' ll;!s- 10 ioji- 10.¾ .... 31 - 27 . ... • • .. •· •· ·· · · . .•• _ 39 41 - 36 41.½- 38 39,¾- 37 50 - 47 50¼- 40,\,( 48 - 48 88¼- 8-t 86¼- 81½ 93¾- 84¼ 93¼96 - 93 94¾- 94 95 - 94¼ 95 69 - 67 6& %- 63¼ 64¾- 61¼ 63,½7-U(- 70 71¾- 71 72¼ 65¾ 68 80¼- 80 82 - 80 77 - 73 74,¾- 63. 32 100 90 - 50 80 80 81 1~¼ ::::= :> ~~::= ~~:: 83:: s.r· 84,½'- 84~ 83 ..=sa" 53¼'- 48 57_½'- 51¼' 58¼- 53¾ 57¼- 54¾ 54%- 49,½ 55¾- 54¼ 55 - 54 87 - 75 98 - 90 98 - 96 ... . .. 6-1¾-57 )62,½-5.5 62¼-60 6i -64 62 -fl0 66 -62.¾ 68 -65 .. 24..¾- 23 2H - 23 25~ - 2.3 25½- 23 24½'- 23 24¼- 22 24,½'- 24 ... I H2 - 50 60½'- 60,½ !'iS - !'i2 .. .. - ....... - .... . ... ... 45 - 42.).{l 46,¾- 44¼'[ .... - .. .. 55 - 42 30 - 25 •. •. •. .•-- •. •. •.·. 250 ... •:2,,.;• · \ 230 -215 230 -225 228 -225 230 -225 240 -230¼ "" 73{- 5 4,½- 3¼ 3 - 3 1 - 1 1 - 1 1¼- 1 1 - 1 76¼ - 55¾ 62 - 49 61.J,(- 53 57¾- 39.¾ 41¼- 35¾ 40 - 34½ 45¼- 86JI 10~ -100 102¼'- 93,¾ 92,½- 90 110 - 9:J½ 101 - 99 104 - 99½ 102 - 98 .... - • . .. . ... - .. .. 58 - 58 58 - 58 70 - 60 .... - . .. . 66 - 60 Del. Hudst~6~~ti · Li9,½-li5 .. 12't .. :li8½ 123%=117¾ 1isx=112 .... - .. . .. .• - .... 110 -140 Now York Gas....... . ... 1 . .. ... 72 - 72 48¾- 46 116,J.; -113 9-H.(- 93,½ . . .. . .. 104 -104 88 - 87½' 70 - 6!l. 47 - 42.½ 26¼ 30%= ~~~ ~'. .: ~'.~ 61 _ 50 35 - 27¾ 89 _ 77¾ 89¼- 79¼ _ 103'"_ 94" 99 -1>5 _ 70 .. : 70" 65 = 60 58 _ 50" 44 - 44 21 - 21 3l - 21 1 1 1 U L~~!/~~c~~~:::::::: 39,½- 34·· 36¼= 3f" 35¼: 333s 34¾= 25 .. 32¾- 233:{ 2s31= 22• · 29.¾= 24½ 29"_ 2sji 27,½- iii'. 2i¾= isx ~~.½= l'ul., Wab. & West. . . 75¼- 71.½ 74¼- 71¼ 74,½'- 71.½ 72¼ 67 70%- 67¼ 69},,;- ti4;{ 73¼- GS 73 - 67¼ 70¾- 38¼ 49,¼- 32¼ 49¼- 3.3¼ do do . pref. .. .. - -~--- . .. . - .. . .. . - . . . . .. . . . .. 85 - 85 ... - .. . .. .. - .. . 55 55 75 - 73 , 75 Ml¾130 -125 126 \:13)6- 92 94 ... - .... 90 . . .. - .... so"= 97}f- '9f. 92,¼70 - 66 67¼60½- 54 54¼'- 40 79 - 79 66 -66 ·u: . ... 99 76 49 29 S2¼= 24¾ 55 - 45¾ 71¾ 71¼ . . •• i/'• ..- .... 18½- n½ 47 - 38 .... - .. 50J"- 46.!,( .. .. - .... = •... 8 • ·•• 18 30 54¼' 84½ 57¾ 51 56 1i7¼=1i4,i,i 119 =118 .. 120 .. =li4¾ 114,¼=1i2,½" li4 :1ii" ... - .. .. .. .. - ... . 148 -147 .... - .. . . • . , .- ,. .. 7,¾••·• 23¼27 ?'3¼85¼60 59 68 - 20 9¼• ••• 28 28 68¼85 57 44¼ 60 57 65 - 5 ••• · 20 27 45 78 52 .... 20 4 . ••• - .. .. .... - •··· 10 - 7¼ • ·;_;.: 20·· 29,.-J 20 25 34¾- 33 43¼' 75 - 66¼ 76 92 - !S5 41 60,¾- 57¼ 45 70 - 60,¼t 62 73 - 64 lOf :100" 1io'"= gg' 116. =109¾ .. .. - .. .. • ... 1~~- 130 =2ii" ::::: :::: .~ ..: .~...~..: .~.. !iox=2ici" :::·: :::: ::::= :::: .~ .. = .~ .. 2ii>"=2i9" 2is"=2is 210 -201" ::::: .... 21i ~ n.v~ers'f Brho.GAss1 ... - ... . . . . . _ ... . = .... . ... : ... .. .. = ........ = .... 80 - 75 80 • 80 .... = ........ - .. , · 1 1 1tams urg as ...... - . . . . . . . . . . . . . . . . . . . . . . . .. . . . . . . . . . . . . . . . . _..,, . . ,,, . . , .. ... , .... - .. https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis _ 103 76 573{35,¾- 87 90 - 88¼ ::::- :::. :.·.··.: . . . . ·::·.·=.::.·.· 47 - 38 .. ·· .... - ·••· .... - . ... ¾ .... •. . 8 • ... 35,,.,, 88 45 87½ 92.%92¼' 92 62 62 67 68¼"l2¼ 72 - ~" 56 2S 15 - ia· . 191(- if" .... 40¾= 40 .. - .... 40 - 39¾ •••• ••.· ""-" _: · · · · _ · .. ·: · .. 240 246 24 0 250 250 .. ! ¼'- ~ 31 37¼"- 25. 33¼'- 25.. 42 - 31¼ 70 80 - 5!> 60 - 55 70 - 57 63 • • .. .. .. ...- .. 60 - 60 24½- 15 . ... •. •.·. ·.-1 44½99 65 - gp,= 58¼3!¼1a - ::::: :::· 120 .. :12()•• RAILROAD ANJJ MISCELLANEOUS STOOKS. U!174. ~ring the year 18~4 th~ ~ew York stock market was less ~xcited and less subject to wide :fluctuations than for many years previously, Thd financial cr1s1s of 1873 had br?ken up to a_ consi_d erable ~xtent the strong speculative cliques or .combinations which had lormerly controlled .t he market, an0.i: had _also given the outside public a strong distaste for further ventures in stock speculaJion. The so-~alled Gra?g~r laws_ of Wisco~sm an? other Western States, regulating and reducing th~ ra tes for passen~ers and f!~1ghts on the. railroads w1thm their respective bor ·ers, caused much excitement among capital 1sts and holders of railway secnn~ies. The sn1ts brought under the Jaw: were decided against the railroads in the State courts, but were finally appealed to the U. S. Supreme Court, a1;1d had not been d~cided a_t the ~lose of the yea r. Chicago & Northwestern _and Chica~o Milwaukee & St. P_a~l were t~e stocks chiefly ~ffected by this quf'~t1~n. the New York Central & Hudson River began the payment of quarterly d1v1dends with J~nuary, 1870. La~e Sbore & Miclngan ~outhern was he~V:ilY encuml.Jered with floating debt at the beginning, but, was able to negot1a~e bonds to pay it. off; and, after pass10g. the August dividend, declared 3¼ per cent in December, payable Feb. 1, 1875. Western Umon Telegraph paid 2 per cent quarterly rn July and ctober, and announcea the determinat.ion of the manacrers to pay regularly thereafter. Erie Railway affairs we:e much involved, and an investigation of its accour:r.t s was made by En.g iish accountants sent over :for the purpose, whose conclus10_ns wer~ not regarded as sa~isfactory. Mr. Watson resigned t.he presidency and Mr. Hug.h J. _Jewett was elected to the office. Pacific Mail was depressed by disasters to the company'~ steamers, by dissension among the d~r~ctors, and. by the development that $7fi0,000 had been spent for passing through Congress in 1872 the bill :for the $500,000 additional s:1bs1dy.. The Toledo Wabash~ Wester~ road lost heavily on its earnings, and the price ran down under thE> prospect of a defaultm the mterest due Feb. 1, 187;). The highest and lowest prices of the year of some of the most active stocks were as foliows: New .York Central & Hudson River 95¾ May 19, 105l March 1; Erie, 26 Dec. 10, 54:l- Jan. 15; Lake Shore, 67¼ June 19, 84i Jan. 16; Wabash, 18-i Dec.. 29, 55~ J~n._ 16.; Northwestern, 8-l¾ July 15, .62¼ Jan. 9; Rock Toland. 9~½ June 19, 109! Feb. D; St. Paul, 31-! May 18, 49! Jan. 10; Oh10 & M1ss1Ss•ppr, 22¾ June 17 36 Jan 10· Umon Pacific 2d June 17 38! March 30 • Western Union Telegraph, 68 April 24, 83¼ Dec. 10; Pacific Mail, 33¾ Dec. 21: 51½ Sept. 30. ' ' ' JANUARY. FEBRU'UY. S'l'OCKS. MARCIL APRIL. MAY. JUNB. JULY. AU!}UST. SEl'TEM'R. OCTOBER, NOVEMBER DECEMBEB High .Low. High.Low. High.Low. High.Low. High Low. High .Low. High.Low. High .Low. High.Low. High.Low. High.Low. High.Low. R.H. Stock~. Alb'y & Susq_uehanna 00 - gt¼ 94)t'- 94 AtlAn. & Pa.c1tic pref. 19¼- 12½ 2-l - 17¼ Bost'n Hartt'd& Ei-ie 3.)t- 2¾ :i¾- 1¼ Cent. of New Jersey. 104 - ~ 109¼-103¾ Central Pacific.. ... 71¼- 71 73 - 72 Clucago & Alton ..... 110 -103 , 115 -106,¼ do scrip ...... - . .. . .•. - . .. do pref••• 112 -110 115 -109¼ Chicago Bur. & Q... . 106 - 97 112 -105 Chicago Mil. & St. P. 49¼- 41½ 48½- 43¼ i~ · :~f: ·1a· : 66¼ Chic. & Northwest.. 6-l¼- 57)9 74¾: 69¼ 95 - 931,6 94½- 94 18¾- 15½ 16¾- 12¾ 2 - 1¼ 1¼- 1¼ 107,1,(-104 108¼-104 72 - 71¼ 72 - 7'2 106 -103 105 -10'2½ 97¼- 97¼ 95 - !J5 107,l,(-107 1073(-107 104¼-103¾ 104,¼-101 46 - 39¼' 44,¾- 34¼ ~8~: U~ i~ : ~¾ 50~ 5ti¾- 94¼- 94¼ 97 - !I'd¼ 16 - 13,¾ 16¼- 13½ 1Ya- 1¾ 1¾- ¼ 107 -105 108,¾-106¼ ..• ...... - .... 103 -101 104 -100 . ... - . . . . . . . . . .. . 107 -106 107¼'-100 10-3 -102 105,¾-100¼' 37¾- 31¾ 41½- 3.1¼ : : ~ ·oo¼= 51¾ 61¾- 51i¼ 58 4·i 47 - 39¼ 44¼- a5 do pref. 75 - 69¼ 78,¾- 72 74¼- 6!l],.( 72¼- 63 66¼- 57 ti2¼- 53 Chic. & Rbcklsland . . 106 -100¼ 10!1¾-!04,)s. 108 -103¾ 107¼- 96¼ 99~,- 114,¾ 102:V.- 112½ Cleve. Col. Cin. & Ind 80 - 76 89¼- 78 81 - 75 75,¾- 65 67 - 64 78 - 65 Cleve & Pitts., guar .. 89¼- 85,½' 90 - 87 89¼- 87 90),:(- 86 89 - 87¾ 87¼- 87 Col. Chic. & Ind. Cen. 32~- 27¾ 32¾- 30¼ 32Ya- 28½ 32¼- 20 21¾- 18¼ 20¼- 1.4¼ Del. Lack. & West.. 105¼- 99 rny.-105,½i 111¼-107 108,¾- 104¼ 109¼-106¼ 110.¾-100,¾ Dubuque & Sioux C. 56 - 55 65 - 65 60 - 60 . .•• - .. .. Erie . . ........ ..• . .. 51¼- 46¼ 50¼- 46¼ ·4,r - 37¼ ·40¼- 3,f 36¼- 34~ 34¾- 2 ¼ 'do · pref ...... ...... 75 - 75 74¼'- 7~¾ 70 - 64¼ 65 - 56 61 - 61 55 - 55 Hanmbal&St.Joseoh 34}.(- 27¾ 3'i}.(- 30¼ 32¼- 2!l 33¼- 26 31 - 25 28¼- 23¼ do pref. 43¼- 37,¾ 42 - 39,½ 41 - 37½ 39¼- 31½ 33¼- 30¾ 32,¼- 2 ¼ Harlem ...... ........ 126¼-118¼ 134¼-124¼ 133 -129 129 -125.¾ 12<, -127¼ 12<.I -125¾ do pref . ........ 118 -117 .. •. - .. . 129 -1:!9 .. . . ... . ... - . .. . .. . . . .. Illinois Central. . .. ... 103 -100 108,¼-10'2¾ 105),.(-103½ 104¼-101 101}t- 98 99,½- 94 do scrip . . . - .. . . 104 - 98 . . .. - . . . . .. _. - . . • . 97 - 97 92 - 91 [nd. Ciri. & Laf... . .. . .. .. - .. . .. .• - ... . .... - . . • . . . .. - .. . . - . . . . .. .. - . • .. Joliet & Chicago ..... 85 - 85 . .. . .. . ... - . .. . .. - . _...... - ........ - . . .. Lake Shore . . . • .. . . 84¼- 77¾ 83¾- 80¼ 82 - 76.¾ 80¾- 73¼ 7';¾- 73¼ 77¾- 67¼ Lon~ lsla.11d .. . • . . • . .. . • - . . . .. .. .. . . . . . - . . . . .. • - .. . 65 - 65 Lonisvi1le & Nashv . . 53 - 53 59 - 59 58¼- 54 - ........ : ...... · ··•• - · · ·Mar. & Cin. lat pref...... - . • . . . ••. - • . . .. •• - . . 16 - 16 .... - . _.. do 2d pref.. 10 - 10 8 - 8 MlchiganCentral ..... 95,¼- .78 ·95~-89,½ .89)9-85,½.85 -'ta'' 77¾-75 'i7¼-~ Mob!a~aOh~Texas. 15 -12 16¼= 15¼ 15 -14,¾ 10 -10 :::.: : ··:. ·;r 18 :~rr,: & Es~x:: .:·· .92¼= 89¾ ·93' - 92 .. '94° = 92¾ ·95· = 93¾ · 97 - 94¼ 97¼ 93 New Jereey ... ·-· ·· .. 122 -117 122 -120,½' 123,¼-l~¼ 121½-121 124,¾-122,¾ !24,¼'-124¼ New J ersey Southern 9 - 6 6¼- 6 ::il(- 8¼ ..•• - . . • . 7 - 4 4 - 4 N. London Northern . . .. - ....... . - ....... . - ....... - .... .. .. . . .... - . . .. N. Y. Cent. & H. R .. !04¾- 99¾ 105,½-103 105¾- 99¼ 101¼- 9n.¾ H8½- 95¼ 101 - 96¼ N. Y. N. H. & H . . ... 130 -122 131 -129 133,¾'-130,½' 13.3½-la2 133 -131 13S -127¼ Ohio & Mississippi... 36 - 30¼ 34¼- 31¼ 32 - 29¼' 31¼- 24¼ 26¾- 22~ 26¼- 21¼ = 94 - 94 95 - 94~ 95 - 95 95¾- 95 99 - 96-½ .... - ..•. 16¾- 13¾ 14,¾- 14 14).(- 10¾ 12¾- 11¾ 18¼- 12 16¼- 15¼ 1¼- 1 1¼- 1¾ U~- 1 l,¾- ¾ ... . - ........ - ...• 108 -105 106¾-105¼ 106,J,(- 103 106¼-103¾ 107½-106 108 -106 .... - . . • .. .. - ........ - . . ...... - .... . . - . ....... _ .••• 104 -10'2½ 104¾- 99 100 - 98 98¼- 97¼ 102¾- 98½ 10:i -101¼ 93 - 93 93 - 33 • . .. .. • • ~0.¼- 90¼ - . . • . • • • - .. .. .. .. . ... 108 -101¼ 102¼-101 105 -102 109 -109 ·--· - ... . 107¾-103,¾ 108!,(-102¾ 103 -101¼ 103 -100 105.!,(-100¾ 109 -lO~Ji 39¼- 32¼ 36¼- 33¾ 35¼- 32 32 39Y.-- 32½ 40¼- 35¼ 35,.- .58. : ·so : 52_;;. .M. : ·tii.~ ·ss· : ·ss¾.: w.. ii, .. 60½ 41¾- &>¾ 41¼ ::16¼' 46X- ::!ti;,.;' 4~ - 4/S 60¼- 53 58 - 54½ 57;1(- 51 57 - 52 62¼- 52½ Ii!!½- 58 101¾- ~5¼ 103¼- 9li.¾ 104¾- 9!l¼' 104¼- 96¾ !01¼- 96¼ 103¼ 100 75 - 7'1 06 - (12 71 - 64 ti8 - 67 66 - 64 li9¾- 59 88¼- 87¼ 89,¾- 86¾ 87¼- 8'7¼' 87¼- 87• · 89 - 87}.( 88¼- 87¼ 19¼- 15¼ 16¾- 11}.( 15 - 8 14 - 8¼ 11¼- 9¾ 1(1Y,- 8¼ 107,%-105 109 -107 110¾-108 10&,¼-106¼ 109½-108½ lO!}X-107½ .. .• .. ...... - ........ - • .. - • ••• . . - .. .. - ••• 3W- 30 34½- 31,¾ 36}1- 33,¼ ·3&· - ';!7 ~¼- 26_¾ 29¼- 26 47¼'- 47¾ 48,¾- 47,¼ ~ - 50 56 - 56 ... 45 - 43 27,¾- 25 26½- 24,¾ 28!,(- 22,½ 28¼- 23¼ 27.¾(- 24½ !!7 ~ 24¼ 3274- 31 32,¼- 30 33 - 29¾ 33 - 28¾ 3;;½- ~¼ 35 - 33¾ 125¼-12:3¼ 126 -123¼ 131 -125 130 -127,¾ 131 -129¼ 131 -127½ .. . . . . . . . .. - ........ - ........ - . . • . ... - ........ - ... . W - 96¼ 9tl,¼- 93¼ 92¼- 90 9'l.\(- 90 93½- 94 101 - 97¼ si¼ .54¼= ,:;J¾- 34lf& 3 \:f¼ • 3liy8 • • - .. . . . • . • - .. .. . ..• - • • • • .. .. - .. .. .. . - • • • • .. .. - •.•• . . . - .. ..... . - ...... ... - ........ - .. . . . ... - .. . . 13 - 13 .. .. - ........ - ........ - .... 96 - !l6 9$½- 92½ 98¼- 98½ 76¼- 70,¼ 74¼- 72 81¼- 73¼ 83¾- 78¾ 82¾- 79.¼ 811/r 78¼ . . • • - . . .. . • . . - .. • . • ... - .. • . .. .. - • • • . . • • . - . . ., •• . • - •.•• - -· .. · · · · : is··· .... :···· ·i ·v: i ·;_~ '· ·.,·: · ·• · .... - .. .. 18 7,,,. 1u 16 .... • 16 - 16 . .. . . . .. 7/lj •• . .... - .. .. .. - . . . - .. . .. - • . .. 8 - 8 "75· -69.¾ 75 -68.¾ 78)9-73 · 77 -72¼ 78 -73¼ 83½-77 .... : ........ : ........ _ ....... : .... 11 = 10 .... = ..•• .92¼- 9g'· ·gj" - 94¾ .97¼- 96½ ~8¾- 97" .98¼- 98¼; 99½- 95¼ 125 -125 .... - ........ - .... :28 -128 129¼-129 130 -1281/a .... - ........ - •• . . 3½- 3 . .. - . •. . 3 - 2¼ .... - ...•. 11 .. .. .. ...... - .... 105¼-104¼ . ... - . ....... .... · -~ •• 100¾- 97¼ 103¼-100 104¼-100¼ !l!2¼-100½ 10'2,¼-101¾ IO'J¼-100 1'29,¾-128 130),,!-12<l¼ 133,¼-12fl,½ l34¾-133 139½-134~ l:i9 -13~ 26;,i- 23,¾ 25,¾- 21¼ 29¾- 23¼ 29¼'- 26¾ 33¼'- 2i¼ 33¾- 29¼ 0 ~~ ·65¼= ~~ 4S¾ ·41x: ·45· - ®.. ·ii, = ·55· = ·ss¼= iii' = s.1· · Pacific of Missouri... 40 - 29¼ 45 - 39¼ 42¾- 3.'t½ 41 - 37,¾ 41 - 35 42 - 40 42 - 39 40 - 37¾ 39r"- 38½ 38½- 36 48 - 36¾ 47½- 46¼ Panama .. .... ....... . 118 -110 116¼-115 117 -111 115½-101 108¾-103,¾ 111¾-106,½ 112 -107¼ 112},-111¾ 116 -111 ¾ 114¼-110¼ 116- -1141/~ 115¼-1 U Pitts. F.W. & C. guar. 93 - 00 94¼- 92 95¼- 93¼ 95¼- 92¼ 94¾- 93,J.d: 95¼- 93¼ 94 - 9-J 93¼- 92 93¾- 90½ !J2¾- 90¼ !i6½- 91¼ 9jY.- 93¼ do special. 85¼- 85¼ .... - . .. • .. .• . ....... - ....... - ... . . ... . ....... - .. .. .. .. •· •· .. •· - .. · • ... - ........ - .... ·· .. - ·· .. Renss. & Saratoga ... 104¼-103 106 -104¼ 109 -108 109 -109 110 -110 110,¾-lOti¼ .... - .... 108 -108 109,¼-109 109,1'-109 t12 -112 .... - . .. Rome & Watertown.. 72 - 72 75 - 73 75 - 73 ..• - . . • . 80 - 80 80 - 00 80 - 80 ..• • - . . . . 80 - 79 .. .• - • • • 72 - 72 77½- 77½ St. Louis Alt. & '1'. H. 20 - 12 16 - 14 12¼- 12 11 - 11 .•.• - .. . . JO - 1 11 - 7 .. iln pref. 39 - 31 35 - l33 . ••• - •••• 83 - 33 ·-·· - .. . 30 - Z1 ·25· - 25·· ·i4. ·27¾- 25.. ·25· - 24·· 26¼- 26 ·21· - 26.!4: ~t. L. I. M. & South.. 70 - 49¼ 71¼- 63 6H{- ~8 54 - 28 38 - 22 28,¾- 24 28 - 25 15 - 12 1s--- 10 18 - 15 26>{- 161/s so- - 24].& St. L. K. c. &N. pref. 82 - 29¾ 34¼- 30 28,¾- 24¼ 25¾- 24 Z7 - 20 .... - ......• • - .. 22 - 21 21,¾- 20¼ .... - .••• 2o - 20 26 - 21 Sixth Avenue ............ - ... .... 155 -155 - . ... . .. - ........ - ........ - ........ - .•...• ··- "" ........ - . ••. ..•• . •.. __ .. - ... . 1 1 ~~. - ··4·: ·4·· ·::: . . ::::: :::: :~::: :::: ::::: :::: ··2jg: ·2½ :: .. : :::: ::::: :::: :::: Tol. Wab. & Western 55.J,{- 49¾ 54¼- 49¼ 49¼- 43¾ 46¼- b8 41¾- 34J,4 39½- 29 33,¾- 33¼ 37¾- 33¾ 35¼ - 313-i 35¾- 28¾ 32¼- 29 3·2¾- 18¼ do pref. '71¼- 71¾ ... . - .... 71 - 71 . ... - .••• . .. - . .. . . .•• - .. . ..... - ........ - .. .. • .. - .... 40 - 40 41 - 35 38 - 31) Union Pacific .••••••• 30¾ 35¼- 34 38¼- 31¼ 38.¾- 30 34¼- 25¼ 29¼- 23 28¾- 25 29¼- 27½ 37¼- 28¼ 37¾- 33½ 36,¾- 34 37.¼(- 33¼ 85 - 85 1• . . . . - . . . . . . . - . . . . 9o - oo ~~~F.:: oci .. : : ~: .~. : .. ·sr - -io .. ·4s· - 45 .. 45 .. 50½ 54 ·s4· : s2ji i,. = :·:· :::·: .... ~~~~= ~ f~~t~ro~i~ &'war:::~~. : =:::: 135¾:~~~;·1·;s·~,ocli·.. : .... - .. .... ... .... - ........ - ....... - ........ - .. .. .... - .. .. .... .... 1 t!~1~~ if:i1~ ::::::::· ·44¼= 38½ M. = 4i¾ ·49,½'= 4i¼ ·48½: si~ ·45¼: -io" 45~= 39~ ·45· - 42·· ·48¼'- 44¼ ·5i¼: 47¾ ·si¼'= 44½ ·45¼: 43¾ ·.isy.: aa~ Am. District Tel. .... SO - 40 62 - 50 62 - 57¼ 5\1¼- 54 52 - 48 48 - 48 .... - ........ - ........ - .... 41 - 4-o 40,¼- 39 41¼- 40 1 Atlantic & Pac. Tel.. 16¼- 15¼ 19¼- 16¼ 17¾- 16 ~~t~~~dU~~~c~J~~ ·so·: 7f . = 78 '72¼ 72 - 70 49½- 45,¼ 24¼- 22,½ 285 -272¼ 65 - 53 33(- 3.Jt 82~- 72¼ 45 - 45 9,¼- 8¼ - American Coal. .. . ... M - 63 C.:onsolidation Coal... 51 - 44 Maryland Coal.. ..... 28 - 20¼ Pennsylvania Coal.. 270 -250 Spring Mt. Coal..... 50.J,{- 40 Brunswick C. L..... 3¾- 3¾ Canton ......... ,..... 79 - 73,½' Cent. N. J. L. I. Co.. . . - . . .. Ma\'iposa L. & M. CCI. 11¾- 8 do pref Quicksilver ......... : .30¼- 28 .. 35,¼do pref...... 35 - 33 40½- 3!':¼ UnionM'gCo.ofTenn 3¾- 3 4 - 3¾ Adams Express .. .... 95¼- 92,¾ !l9 - 94 American Express . . . 63 - 5'l.¾ 65 - 64 United States Exµres~ 71 - 68¼ 73 - 70 Wells Fargo Express. '70 - 69,½ 78 - 75½ Del. & Hud. Canal. •. 121 -113 119,½-115 Harlem Gas ............. - .... . . .. - . . . . Manhattan Gas....... . .. . . ... 215 New York Gas ....... 135,½-135,½ .... -215 - . .. Bankers & Bro. Ass'n 80 - 80 90 - 87 B01:1ton Water Power . 20 - 18,½ . . . - . . . . Union Trust Co .... . ... . . - ........ - .... Farmers' L'n & Trust - .... https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis oo· · 17 - 16 =ig 19 - 15¾ 17 - 153,( 16 - 14¼ 15,½- 14 17 - 15¼ 19 - 14 20 - 17¾ 19¾- 18 .82j{= 7i¼ ~ .75¼= 69 .. 75¾: 70 ... 73¼ 76¼ ·si¾= 78¼ 'fo,= 78 ... 83¼= 66 - 66 66 - 65 .• •. - ........ - .... 60 _- 60 v . . .. -_ ._... 60 - 60 · .. · - · · · · ... · - ··• · ·••• - .. ·· 43 44 48 - 47 46¼- 43¼ 43 - 39 43 - 40 4 1,,,, 47 47¼- 46¼ 47½- 45 48½- 45 48 - 43" . ... - .......• - : ... 19 - 15 19 - 17 ...• - •.•. 20 - 18 20 - 19 19¼- 17½ . -•• - . . •. 20 - 19 285 -285 280 -2&> • • .. • ••. 285 -285 . . . . 240 -240 .... - .... 245 -240 ~5 -215 250 -243 58 - 58 72 - 58 73¼- 70 73 - 67 71¼- 70 ...• - • . • . 68 - 66 67 - 66 75½- 70 'iO - fi8 .... - ......•. - •••• - ....... - ........ - ........ - • ..... . .... - ........ - ... . • ... - .. •· 77 - 77 .... - . . . 69 - 55 55 - 55 .... - ••.•... . - .. . . 59 - 59 58 - 56 64 - 56 61 - 59 .... - ........ - ........ 45 - 45 ..•• - • • •• 40 - 40 .... - .•••...• .•.• - . . . . . . - ..•• 8.!,(- 6¼ ti - 5 5 - 3 4¾- 3 ..•• - •• •• 2¼- 2¾ - • . •• 61/s- 8 6 - 4½ 5 - ~ - .. .. .... - . . .. 5 - 3 3¾- 3,½ .... - . . . . . ... - ........ - • • .. 3¼- ,3½ .32}.('- 29_¾ ·2a· - 22¼ 26¼- ~ 25 - 25 ·24° - 23·· 30¾- 25 34¾- 30¼ 34 - 29 36¾- 30 35¼- 3~¼ 33¾- 35 15 - 85 35)(- 30 29 - 29 .... - . . •. 34 - 30 40¼'- 3J¼ 39¼- 34 48 - 37 45¼- 44 3¾- 3¾ 2¼- 2¼ .... - .... . ... - ........ - ........ - .. •• .••• - ....... - .... •· .• - .. •· 99¼- 96 98¼- 98 109¼- 99 108 -105 108 -107¼ 109¼-~07 108 -107 116 -108 120 -115½ 116 -113" 65 - 62¾ 63¼- 62,½' 63¾- 61¼ 64 - 60¼ 61 - tiO½ 60¾- 60¾ 62 • 60¼ 62 - 60¼ 65 - 64 ti5½- 62 72 - 71¼ 71¾- 66¼ 67¼- 67 69 - 67 70 - 67 68¾- 67¼ 67 - 60 66¾- 64,1' 65 - 63¼' 65 - 60 78 - 'i6 77 - 77 76 - 75 79¼- 79 80¾- 73 77 - 74¼ 79 - 79 80 - 80 84 - 79½ 81 - 82 118¼-116¼ 119 -116 117 -116 119 -116¼ 119¼-114 114¼-113 115 .114¾ 116½-115 116½-115¼ 117 -115½ . .. - ........ - .•...•.• - ........ - ..••.•.• - ........ - ........ - ........ - •••. 125 -122 ...• - .. .. ...••• -_ .•..... ._•.•••. -_ .... .• · · •.. • : .• · • •• •. ·. ·. •• •. . · · · 1·4•o· • : 1~ . 1•4•o· • : 140 _8· · • ·. •. •• ·. . . . . . ... - .•• . 137 -137 136 -136' . . . • - • • • • 90 - 90 .••• - . . . . . ••• - • . . • . . . • - . . . . . . . . - . . . . . .•• - • . . . . . • • - • •.. . • • • - • • • • • • • • - • - • • .•.• - . . . . . .•• - • • . . . . • • - • • • • • • • • - • • • • • • · • - • • · · · · · - · • • · · • · · - - · • · • • • · :::: - .... 125. -125 .... - .•....• - •••..... - ........ - ···· ···· - .... ·. :::: :::: :::·.: :::: jg=s : _ .. 185 . •.• - .. . . _ - ... - .... - ........ - ........ - .. • ..... - .. • • • • - • • • • ·1r: 69 ... =·. ·. ·. •. 7'1¾: ·so¼-= =·.. · ··· - .. · ···· - .. .. .. .' 78¼ RAILROAD ANIJ MISCELLANEOUS STOOKS. 1s,:;. The course of prices in 1875 was marked by extreme depression in many of the prominent speculative stocks which bad long been favorites at the Stuck Exchange. The most important influence be11.ring upon the values of railroad stocks in general, was the decline in earnings during the first nine montha of the year, arising from the depression in commercial affairs, and more particularly from the low rates on b oth freight and passengers, which were caused by the sharp competition :for busines!!I &mon~ the different roadtt, The latter difficulty was greatly ag~ravated on the principal trunk lines between the West and the Atlantic seaboard by tha disagreement b etween the Baltimore & Ohio and the Pennsylvania railroads, which led t,.. th& so-called" freight war," in which rates were reduced below the actual cos~ of transportation. 'fwo prominP-nt roads forming parts of WesteJn trunk lines defaulted on their interest and went into the hands of receivers-Erie on the 26th of May, and Toledo Wabash & Western February 22-and on several other roads belonging to the Rame gt>neral group the net earnings were ou 1y sufficient to pay bonded interest, and the prices Of such l ending stocks as Lake S bore & Michig-an Southern and _Michigan Central d eclined to lower flgures than in the panic of 1873. The Pacific railroads-Central Pacific and 1Tnion P c1ciflc-formed a com~picuous exception to most oth ers, in showing a highly prosperous business and a large increase in gross and net earnings. Both companies during the year paid dividends on their stocks, and declared the policy of paying eight per cPnt per annum in fu ture. The3e companies were abo greatly strengthened by the U. S. Supreme Court decision, given November 20, declaring that they are n ot bound to pay interest on the bonds issued to them by the United States Government until the maturity of such bonds. A new line of steamships between China and Japan, the "Occidental and Oriental," was established under the auspices of parties interes ted ia the Central Pacific Railroad. \Vestern Union Telegraph paid eight p er cent on its stock, and showed a small surplus in earnings. 'l'he grand speculative ~ove of the year was the advance in Union Pacific stock from 35 in January to 79~ in July, and 82! in November, under the ma.n&~ement of Mr. Jay Gould and other parties, mostly in Bo3ton. Second to the advance in Union P11.cifi~ the mof!t extraordinary fluctuation in any stock wa~ that in Pacific of Mis3ouri, whicl1 sold at 1J5 in April and 47i in September, and went to 7¼ in October. This extraordinary b..reak in the stock of a road leased at fixed annual c.ividends (to the Atlantic & Pacific), was demoralizing in its effects and tended to increase the la.ck of confidence in values ; it was caused hy a large decrease in earnings and by the development of the fact that a heavy increa~e in bonded debt had been m,ide since the lease. Towarde the close of the year there was an improvement in the general tone and a more confident feeling, based in pa.rt upon an improvement in railroad tarnings. JANUARY. FEBRUARY STOCKS. --------R. R. Stocks- MAY, MARCH. JUNE, JULY. AUGUST. SEPTEM'R. OCTOBER. NOVEllBERIDECEllfBER - - - - - ______ ,_____ , --- - - - 1 - - - - - 1-----1---~- - - - - ---·---1-----1 - - - - - - , - - -- High.Low. High.Low. High.Low. High.Low. High .Low. High.Low. High.Low. High.Low. High.Low. High.Low. High.Low. High.Low ---- Alb'y & Susquehanna .... - .. . . 98 - 98 99 - 99 Atlantic & Pac. ,'pref. 17¾- 14¼ 15¾- 12¼ 15¼- 13 Central of N. Jersey . . 107¼-105¼ 1v8½-10i½ 118 -109 105 -!05 104 -103¼ 103 -103 101 -!01 . . . . .. .. 101 -104 103 -101 104 -103 - .... 18 - 13½ 17¼- 14½ l!i - 14¼ 15¼- 1~¾ 14 - 11 13 - 9¼' 9¼'- 4 5¼- 4¼ 4¼'- 3¼ 120 -110 114 -108½ 113¼-107 111¼-109 111½-109 lll;,(-110 108 - 99½ 10ti -104 106).(-104 1 io5¼=1(i4¾ io1¼=102x ioa}{=1oo!i ios' =100 .. i01· =10s·· iro· =1oiM 105 =1ci2Ys ioi¼~100.. 100 = 97,½ :~ = ~ !is·= 95 ·9-r¼= 91·· do scrip . ... - .... 98¼- 98 102 -100 105 -105 Hll.1 -100 . ... . ... - . . ... - . . . . ... - . . . . . .. - . . . - .... do pref .... - ... . 112,¼-110 106 -104½ 112 -107¼ 111 -110 103 -106 109 -107 109 -103 105¼-103½ 104 -103 105 -105 106 -105 Chic., Bur. & Qumcy 110½-109 109 -103~ 113¾-105½ 119 -112½ 113 -112¼' 115 112¼ 115 -112 118½ -111½ 112¾-111½ 112 -110¾ 113 -111½ 115 - 113 Chic, Mil. & St. P ... 89½- 36 38½- 32_½ 88¾- 32½ 40¼- 36½ 38 - 32 35½- 28¾ 3'7¼- 3.3½ 39 - 35~4 a7.½;- 33¼ 35¼- 29% 37½- 34 ::J6¾- 33¾ do pref 59¼ - 57 58¼- 51,¾ 57 - 51 59½- 56.~ 59 - 54½ 56½- 51½ 61 ¾- 55 65¾- 58¼ 64½- fil¼ 63¼- f>S¼ 6;¼- 62½ 1:7.¾(- 64.½ Chicago & Northwest 48½- 13¾ 47¼- 39¼ 46¼- 38¾ 45½- 41½ 42¼- 37½ 41¼- 35¼ 42¼- 36½ 4::l¼- 3il½ 40¼- 37½ 40 - 3-'3¾ 39½- 36.½ 40};(- 3':'¼ do pref ti2¾- 5ti¼ 60¼- 51.½ 59¼- 61,¾ 58.½- 51 55¼- 52'¼ 5=> - 47½ 56!,- 49 59¾- 543:( 55¼- 52¼ 54¼'- 46 M - 51 , 6¼- 53¼ Chic. & Rock Island . 1113¼-102¼ 105¼'-102¾ 106¼-102¼ 100¾-102¾ 105¼-100½ 104J,(-100¼ 105¼-103½ 109½-105¼ 108¾ -lOti½ 108¼' 101¼ 106 -103¼ 105_½- 103¾ Cleve., Col., Vin. & I. 71 - 63¼ 65½- 63½ 65 - 60 62½- 60 62 - 46 53 - 59 45 - 4.2 55 - 45 53 - 50 52½- 47.lt; (i0 - 53½ 59¼- 57 Cleve. & Pitts.. guar. 93 - 88½ 92¾- 90¾ 92½- 90¾ 94½- 91¼ 94½- 88½ 9U,- 87¼ 92 - 91¼ \12 - B9¼ 91.J,(- 69¾ 91¾- 88 -.. 90¼- 88¾ 90½- 89¼' Col., Chic. & Ind. C.. 9¾- 8 8¼- 4¾ 6¾- 5 7 - 5¼ 6).(- 4¾ 5 - 3 5½- 13½ 5 - 4 4¼;'- 3½ 5}.(- 3½ 5¾- 4¾ 43{- 3½ D el., Lack. & West .. 108½-106½ 110¼-108% 112¾;-110½ 123 -110½ 120,¼;'-116.½ 121\(-117 121¼-118¼ 121¾-119¼ 122 -11!1¼ 12<) -111:i. 120 -117½ 120½-11 '13✓. Dubuque & SiouxC . .... - .... 46 - 46 55 - 54 56 - 5fi 61 - 61 6t - 61 ... . - .... !i6 - 60 66,¼- 64 6:3¼- 82 66 - i4 70 - 70 Erie .......... . •... 30}.(- 28 29¼- 26¼ 35½- 26½ 3·1¼· 23¼ 30½- 16¼ 18½- 12¼ 15¼- 13¾ 16¼- 14¼ 20¼- 15½ 18¼ - 14¼ 18¼- 14¼ 17½- 15 do pref .... . . . . .. 53 - 51 .. . . . . .. 50 .. 42 4:t - 42¾• 41 - 25 24½- 20 . . .. . .. . 28 - 28 40 - 3t:¾ 36 - 35 .... - . . . . 32 - 30¼ Hanrul>al & St. Jo ... 26 - 18¼ 22¼- 19¼ 30~- 'W¼ 29 - 24¼ 25¼'- 20¼ 24¼- 20¼ ~6 - 23 25¼- 21¼ :!3,½'- 17¾ 21¾- 15¼ 24~- 19¼ 22½- 20 do pref 34¼- 23 30¼- 27½ 37¾- 2·,.¾ 35¼'- 30 31¾- 28 30 - 30 3l - 30 31 ...: ~9 26 - 22 24 - 20¼ 32½- 22 ~ -~ - 25¼ Harlem. . . . . .. .. • . . 128 -12,¼ 129 -12i¼ i31 -128~ 138 -130,½' 137 -133 135 -130,½' 135 -131 134~~-134 134¾-129 Ia2 -129½ 133 -132½ 134½ - 12'!¼ 1 1 1 1 Illi~~is io2 : 97" i02,½-100 · ioa =100·· i05¼=100¾ =100¼ iuax= gf' = ~5·· 98}.(= ii¼= 95¼= 90½ ~~~= Ind., Cin. & Lat . . . • . .. . .. ..• .. . . 11,. - 11 .... - . . . . . . ... . - . . . . . ... - .. . . .. . - ........ - . . . . .. .. - ........ - ........ - •••• Joliet & Chicago..... 9i! - 96,½' 98 - 98 .••• - ... . . .. . - . . .. 98 - 93 ... . - .. . . ... - .... .... - . . .. - ... - ... . ... - .. . . Kan ~as Pacific ........... - ... . 3 - 2¾ .... - .... 27 - 7 25 - 21½ 20¼'- 15 .... - ... 13,½"- 10 12 - 11 .½' 11 - 10¼ l!l~- 10 is¾- if" Lake Shore ....... ... EO¾- 72½ 75.¾- ':2 74 75¾- 72½ 75¼- 70.¾ 72½- 57¼ 65 - 57 62½- 57¾ 62 - 59 59¼- 51¼ 62¼- 5 :¼ 62¼- 59¼ 6i.¾(- 58 00 ~ 1 ii'" .... - ... "40· =40" 50 - 50 36¼-36 ...... - ... .... . = . . . . . = .... .... - . . . . . . = ... .. ... = .... . ... = .. - ..•. 13 1 M°a~~ lsi;;ei. :::: = ::: : . .. - .. . ... = .... . .. = --~ ::::: ::: : ·io" - io· :::: - :::: :::: - :::· :::: - :::: "io' - 9¾ ·:: - ::: . ::: = .::· do 2d pref 8 - 8 ll - •8· · .. . . 8 - 8 .... - . ... - . . Michigan Central. ... 82)..{- 78 °73,½- 70¾ 78½- 74 'if - 7a" . 72¼'- 6f ·10· - 63 69 - 63¾ 66½- 62 °6.~· - 53. · 63 - 53¾ 67¾- 57 · 62¾- 57i,i' Mo., Kansas & Texas 3 - 3 ... - .. . . - . . .. . . . - . . . . 9½- 7 ... . - ........ - .... . ... . . .. - . .. 6 - 6 8½- 6 9 - 7 Morris & Essex ...... 96 - !15 97½- 95½ 100 - 97½ 103¾-100 !02)!,,.-101 Hl3J~- 9~¼ 102¼-100¾ 1/14 - 1112 103¼-102 104 -102½ 103¼-103¼ !05 -100¾ New Jersey ... . ...... 129 -12'1 132 -131¼ . . . . . ... 1311 -128¼ 130¾-130 13l¾-130 !30 -129¼ I30¾-12rl¾ 131¾-130¾ 13i ½-131¾ 13J -132½ 135 -132.½ NewJersey Southern 4 - 2 3 - 3 l fl J,;(- 3¾ 8¾- 5 6¼- 4¼ 4'V.- 3 4¾- 2¾ 3 - 2¼' 2¼- 2.l{ 2¼- 2 2 - 1 1¾- ¼ N. Y. Cent. & H. R .. t r2½- !01 102½-101 103 - 100¼ 105)4-100¼ 107½-100 104¾-10'1¾ 104¾-102 1r5 -103¾ 105¼-101¼ 105 -1 01¾ 106½- 104 106 -103.J, N. Y., N. H. & H . . lf:¥7 -1?::\ l~~ ,; -VF½ 1!'19 - 13R l,( 140 -ld!l 141 -14~ 34' W, -142 144 -141 14"> -144 114 -H21-( 146 - l~ h t4o¾'-14l 147 -14136' Ohio & Mississippi... 32¼- 26¼ 29¼- 24 29¼- 24¼ 29¼- 28¾ 27¼- 21 24\(- 21¼f 24.¾- lS¼r 20 - 18¼ 19_¾- 14¾ 17½- 15 HI¼- 16¼ 17 ½- 15¼ do pref. 69 - 65 66¼- 59 .... 58),(- 57 58 - 46 .... - . . . . . .. - . . . . 44 - 44 40 - 35 32 - a1 40 - 3 · ¾ 35½- 35 Pacific of Missouri... 51½- 46 48¼- 43¼ 49¼- 44¼ 55 - 47¼ 55 - 49 51½- 4S 51.J,(- 48 4/1 - 43¼ 47¾- 39½ 38¼- 7¾ 15½- 9¾ 13¼- 11½ Panama . ......... 114½-110¼ 113.J,-111½ 121½ -112 17'2 -119 165 -122 135 -130 133 -12! 142 -130 Ht -134 136 -'30 136 -125 127 -125 Pitts.,Ft.W.&C .. gnar 98¾- 93¾ 98¼'- 97).( 99 - 96¾ 98 - 96 99¼- 97¾ 100 - 96½ !JS¼- 97¼ 101½- 98 101 - 97¼ 99 - 97¼ 9S½- 96¼ 99¼- 97¾ 8~fJi~~~~fon::::: ~~~t~ac:.: t ~1rn1N.. ·w· iro· }~½=m¼ ~t\g M~ ob.; 0 &ck., 0 0 l ·::::::::iii" :::iii"' .... - Rens.t Sarato1;.~i~~ Rome & Watertown . Tl St.Louis,Alt.&T.H. do do pref. 21· St. L ., I. M. & South. 27 St. L., K. 0. & N ........ do pref. 21¼Second Avenue..... . . .. Terre Haute & Ind .. . ... '.I'hird Avenue . .. . .. .. . •. 'l'oledo,Peo.&War.. Toi., Wab. &Wcst'n. 2iy.do pref. 32 Union Pacific ...... 3 ¼~~1::~i,ii"siocii.;i. 92½- 77 73¼8 25. · 26 25 23 . . •.. 24¼ 24¼... ... .. .... .... ....... j.jy. 17¼20 20 36 41¼87 96¼0 .... 1~~¼=1~ .::: 73¼ 73¾- 69 6 7 - 7 "g' - .f 'g' 26 26½'- 26 27 - 2.; 25½20 20½- 20 23¼- 17 ~2 ,,, .. . . . . . - . ..... .. 9¼24¼ .25¼- 22¼ 45 - 28. 44 ........ - . . . 70 - 70 . ..• .... 180 -130 130 . -1::lO . ... .... .. .. - ........ - ........ - iff =1i4' :::: - ........ 7 ·:::- ... . .. . 21¼ .... - . . . . 18 20 20 - 18¼ 18 7 9¾- 6½ .... 36 40 - 38 38 ........ - ... . ... . ........ - •••.•• . ...... - ........ .... jo"' 'is" - ii~i 16½- i,i~ i.iy.- 8¼ 14 20 - 18 20½- 20 38½ 68¼'- 40½ 78¼- 63 93¾ 93 - 96¼ w - 95 0 10 - = - ::: . ::: : = .. 55 8¼18 23 18 18 - - .. •• - 6.¾(- 36 32 ........ ..... ... .... •. 4¼ .. 7¼- 4¼ - 6¼- :::: :::: = 50 52½6¼ 7 22 25 18 17 5 6 26 3 ,½.. . ..... .... .... ........ - .5½ 7¼- :··· 1E" =1i5" 52¼ M - 50 7 5 - 5 25 22 - ~O½ 15 17 - 1:3 6 5¾- 5 30¼ 30 - 24¼ .. . .. .. ....... - .... .. .. . . - .. . 2½- 2,½' 0 5¼ 6¾ - li4½=1i4¾ .. 5¾- 5 24 - 21 18 - 14 6¼- 5 27 - 26 i24¼-124¾ . .. - ... . ... - .... 5 !<; o¼'- 5¾ 117 =1i7" 5 21 - 20¾ 16½- 14¼ 6 - 4 25 - 19_¼ ···· - :::: 140 -140 _ s· "'s_i{- 2½ 18 - 15 .... - .. .. 6 --;i - 5½ 7¾- 7 . 6:¼- G¾ ... • • .. 5 - 5 73¾- 71½ 79½- 69 76¼'- 68 75¼- 71¼ 74¼'- 69¼ 69,¼- 61_½' f 2¼- 62¾ 81¼'- 72 100 - 99 10:, -100 101½-101½ 101 -100¼ 102½-102¼ ... . - .... 100 -100 .... _ . . Pacific Mail .. .. . .. . . . il6½- 33½ 37¼- ~O¼ 45.J,(- 34¾ 45¼- 41,½' 45¾- 3i¾ 42 - 31¾ 41½- 34 40¾- 36¾ 3~¾- 33¾ 42 - 34½ 43¾- 37½ 42 - 3:3¼ American Dist. Tel.. ·30 - 30 28 - 28 33 - 28 28 - 28 .. .. . . - . . .. 25 - 25 - . . . . 20 - 20 - .. .. Atlantic & Pac. Tel.. ~9½- 19 25 - 21 26 - 22 28½- 2 13' 26}{- 22 26 - 22.½ 23}4'- if. ·22i.(- is" 22 - 19 20 - 17½ W¼- 18_¼ 21 - 18 Western Union Tel. 79¼- 7tl¼ 75¾'- 70¼ 78¾- 7 <¾ 80½- 76 76 80¾- 71.% 79¼- 71¼ 81½- 73 84¼- 78¼ SI¼- 75¼ 78 - 7=i¼ 77 - 75 77¼- 71¾ American Coal...... . . .. 58 - 58 . .. . - ........ - .......• - ....... - .. • . 50 - 45 r.o - 50 47 - 47 48 - 47½ . . - .. . Consolidat;on Coal ... 43¼- 4r· '43· - 42 49¼- 42 50 - 45¼ 49¼- 46¼ 47 - 44¼ 49 - 45 48 - 46 49½- 44¾ 47 - 45 48 - 47 47 - 45 Maryhind Coal. ..... 19¼- 17 17¾- 17 18¼- 17)(' 19 - 18 .... - . . . ..• - .... . . .. - ........ - . . . . ;S - 17 16¼'- lti¾ 18 - 16¼ 1~ - 18 Pennsylvania Coal. .. 245 -245 250 -2~7¾ . . - .• • . . - ....... ...• 275 -275 .. . .. .. 277¾-277½ 277¾-277½ SpringMountainCoal tl8 - 64 64 - 64 70 - 64 ·10 - 69¾ 70 - 69¾ 6:1 - 64 .. .66 ° - 05 .. 63 - 63 61 - 61 .... 66 - 64 62½- 60 Boston Water Power. .. .. - .......• - .... 15¼- 15¾ 17¼- 17½ . ... - • .. . .... - . _ Canton .............. 64 - 58,½' 64¼- 62 68 - 62¼ 72 - 62 6~½- 65 65¼- 62 60° - 5f" '54° - 50 .. 50¼- 47 .. 46½- 36 .. ·40· - 36 .. ·40· - 39.. Cent. N. J. L . I. Co.. • .. - . ... .. .. .. ...... - . ... 37 - 35 .. .. - ...... - ... .. ... - ..•....• - ... ... .. - .... . ... - ..... ... - ... .. ... - ...• Maripot1a L. & M. Co. 7},(- 3¾ 7½- 5¼ 6¾- 3¼ 6¼- 3 5¼- 5¼ ... do assess. pd .... - .... .... .... 8 - 7 7¾- 6 12¼'- 5 13.i.(- 9½ i2¼- io .. 'io¼- 'g' 10½- .8.¼ .. g' - .f. ·io,¾ - ·7~ do pref. . ........ 8 - 7)4 9 - 9 .... - .... 6¼- 4¼ 6¼'- 6¾ ... . - . ... . . - .. .. . . . - ........ - .. . . .. - . • ••• - . do do assess.pd ..... - ........ - . .. . .. - .... 9 - 7¾ 7½- 7~ 12¼- 8 13½- 9¼ 12 - 10¼ 12 - 9)..{ ·11 - 9½ 7½- ·7.¼ 10,¼- ·s¼ Quicksilver .... ..... 35 - 33 35 - 32 3:J¼- 25 26 - 18¾ 19½- 13 18 - 15½ 15½- 13½ 16¾- 14½ l6 - 14¼ 19 - 15¼ 18 - 17 18¼- 17 do pref ..... . 41 - 40 40½- 36 40 - 40 33 - 27¼ 26 - 21~ 2:3 ¾- 21 22 - 20 21¾- 20 21 - 2U 24\(- 20 23¼- 22¼ 24¾- 23 Adams Express . ... .. lCO - 93 102 - 99 104¼-103¼ 104 -10 103,¼-100½ 101 - 99¾ 100¾- 99,¼ 103 -100¼ 102 -101 101½- !J9¼ 103 -101 103;<-101¾ n--1 - 5fi'1 tH - 57 6'11,(- 5-1 5-1¾- 5ci1{ fit - fi7¼ fi/\3{(- 5G.½ Anleriran Expre!'9 ... 65 - 62¼ 64 - 6~½' 64 - 6-'3½ fi1¾- 6:-l½' (i4~- fi:-l¾ f\4¾- sn Untted State.-Ex..... 65 - 57 60 - 56¾ 61 - 57¼ 64 - 51 56 - 5Q 51 . - 42 46 - 42 44¾- 41¾ 45¾- 43 45 - 4.'3¼ 55 - 441. 62¼- 53 Wells, Fargo Ex ..••. 82 - 79½ 87}.(- 84 86¾- Sa 92,~ - 87¼ 92¼- 87 86 - 75 83 - 78¾ 81 - 71 80 - 77¾ 79¾- 78,!... 82 - 78¼ 86¼- 83 Del. & Hud . Caual. . . 118¼-111 114 -110¼' 114¼'-113 121¼-114 121¼-119 122 -119,J.! 124 -119¼' 120¼-119¾ 120}.(-119¼ 120¾-119½ 124 -120½ 124 -122,½ Manh11,ttan G1s . ...... ... - ........ - ........ - .. . . .•• - •.•. 300 -295 ...• - .... 2 7¾ - 297¼ .... - ........ - ........ - .. . New York Gas .: .... .. . . - .... . . - ... ... .. - ... . . . .. . ..• .. .. 150 -150 . ... - .... . .. - .......• - .... 148 -148 .... - ... .. .. - ... Prod.con.L'd&P et.Co . .. - .... . ... - .... . ... - .... .... - .... 75·· = 55·· · 1·oo··u= -,·1··· 1·0·1·u=100···· 1·o·v.-u=10·1·u .· ·.·.·.: ·.··.. !J4¼: OO½_,_ 19034,_-"=1 94 0:1. Reno Real Est., 2d pf. .. . . - . .. .. . . .... - .. • . .. . . - . .. . . . . - .. . . ~ ,,,.~ .-'II, ,,.~ ,,.~ " Union Trust Co . .. . .. . .. . .... 130 -130 . . - . • • .. . . .. .. 125 -125 ..• • • .. - . • P-nitedStatesTr.Co .... - .... . . :: - :::: 290 .. ago .••• - ... . 300 -300 .:.: - ... : :::: - ... '. 310 -310 .. - . ... 811:i -800. :.iii;' -3i5. : .. : - ·:, https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis 0 RAILROAD ?AND MISCELLANEOUS STOOKS. 1§16. The year 1876 wil~ be me.morable in ~he annals of the New York stock market as one of great depression in values. ~ Tha events of the year wh1.ch fu~mshed the ch1.ef caus~s for the d~cline in stocks were also of different origin and applied to different classes of stocks, carrymg with them the d1scouragmg suggestion that no stock can be so strong as not to be liable to a blow from some quarter. In the first two or three months there was considerable activity and, at tiines, buoyancy, in the market, and it was frequently remarked that a Il?,Ore healthy tone bad set in. The first serious check to this improved condition of affairs came in the shape of the railroad freight war, which commenced in the latter part of April. It was uot known at fir st who was the resoonsible party for breaking up the then existing arrangements among the trunk lines to the West, but it afterward appeared that -it was a deli1? erate move <;>n ~he part of C~mmodore Vand erbilt, as p~esident of th e N ew.York .Central and LakP, ~hore Companies, to secure the im~ortant prmciple ~f one umform rate for through freights from competitive pornts at the West over any of the four leading trunk ho es to the Atlantic seaboard. The managers of tLe P enn sylvania and Baltimore & Ohio Railro ads r esist ed this and sto:Jd out for rates based on mileage, which would g ive.them the advantag e of lower prices to Phil adelphia and Baltimore tha.n to New York. rhe opening ~f host.ilities was followed by the sharp Pst competition for freight, and while regular schedule rates on fourthclass frmght from Chwtgo to N e w York were reduced to 20 cents pet· 100 lbs., the actual rates made privately with shippers were even much lower. The war was k apt up with unequalled severity throughout the Summer and F1:11l, and was not settled till Dec. 16, when an agreement. ~as made that prod.uce ::ihi~ped by rai_l to the ~eaboard, int~nded for e:irport, should be charged at one rate to any of the three cities, New York, Philadelphia, or B alnmore, while that shipped for home consump tion should have the ?enefit of a lo~er rate to th~ tw? cities last named, Second to the de pressing influence arising from the railroad war, the break-up !n the anthracite coal combrnat1on, ~lld the consequent decline in the stocks of the coal-carrying roads, was the chief event of importance. As usual under such mrcumstances, the b ears in stocks made the moat of these discouraging features to hammer the market to their utmost, and thus added to the gloomy feeling prevalent. N ew Yo rk Central & Hudson River held its own well until the last ot the year, when ~he critical illness of Mr. Vand erbilt, tog et h er w ith the issue of the company's report for the year ending Sept. 30, affticted the stock unfavorably. Erie changed but little, and the bondholders' committee in London were still engaged at the end of the year in trndeavoring to carry out the proposed plan of settlement. Ohio & .Mississippi went into the hands of Messrs. Torrance & King, as r eceivera, on Nov. 17. Illinoia Central stock declined heavily from decreased earnings on the mad, and the company declared only 2 per cent divid end payable F ebruary 1, 1877. Lake Shore, through an enormous ecrmomy of expenditures, declared 2 per cent in July and 1¼ for the last six months of the year. Pacific of Missouri was foreclo 10ed under the third mortgage. The fluctuations of the stocks of the coal-carrying roads, D elaware Lackawanna & W estern and Central of New Jersey, and of the Delaware & Hudson Canal, are shown in the table below. Rai1ro1:1d earnings in the first half of the year made a remarks.bly good exhibit, and out of thirty-two roads whose r eports of gross earnings for the six: mon'ths endin()' June 30 1876, were published in the CHRONICLE, all but five showed an increase as compared with the same time 1875. I; the latte; half of the year gross earnings fell off materially, and in con ; equence of the low rates for freight established by the railroad war the net profits from operations were reduced proportionately more than the gross receipts. ' in JANU.A.RY. FEBRUARY STOCKS. MARCH. APRIL. MAY. JUNE. JULY. AUGUST. Low.High. Low.High. Low.High. Low.High. Low.Iligh. Low.High . Low.High. Low.lligh. Low.High. Low.High. Low.High. Low.High. ----------,Railroad Stocks Alb'y & :Smquehanna 1;01 -101 Atlautic & Pac., r.ref. 4 - 7 101 -105 ~¼- 7 103 -105¼ 105¼-106 4 - 5 3 - 4 Chicago & Alton.... do pref. Chic. Bur. & Q.uincy.. Uhic . .Mil. & Sl. Paul. do do pf. Chic. & Northwe~t'n. do do •pf. Chic. & R nck Is:and. Cin. Ham. & Day1on Clev. C'ol. Cin. & Ind. Clev. & Pittsb ., guar. Col. Chic. & Ind. 0.. Del. L!lck. & West'n Dubuque& Sioux City Erie ... - ............. do I?ret..... . ....... Hanmbal & St. Jo .... do . pref. Hnrlem . ..,. . ....... . Illinois Central.. ... . Kansag Pacific....... Lake Shore . ......... 100¼-105 106 -110 116 -121¾ 4J ½- 46¼ 74¼- 80,a 40¾- 45¼ ti1)9- 67½ 108 -111,-1 . . . , - .. . 53¼- 57½ 93 - 95½ 5 - 5¼ 116 -120 72¾- 74 16½- 18¾ 101 -106½ 110.!,('-111 l lli¼'-119¼ 40-)i- 46 65¼ - 84¾ 41¾- 44,¼' 61¼- 66¼ lOJ -lll½ . ... - .... 51¼'- 60½ 93,¾- 9~ 3½- 5 117.%-120 75 - 77½ 17½- 23.1/, ::;5 - 39 15¼- 19 25½- 29M 139 -143.½ 98 -10 1¼ 12 - 13.!i 59}:- 66 ·- 2 : 's" · ~:~r;~:l~r' ~~j!!~~~: 1ro· :101¾ 1~¼=1~¼ 100~=107½ ·95¼:1os .. ·iro¼- iisi4 CentralPacifl.c....... . . . . - ... 101 -101 . . . . - ... 98¾-105¼ 106½-lOl 114 -117!,( 35¼'- 42½ fi6¼- 77 38½- 43 !56},;'- 64!.( 104¼-109]~ . .. . - ... 57 - 61½ 89¼- 9.', 3¾- 6.!,(' 111½-120¾ 70 - 72 15½- 18 30 - 35½ . ... - . . . . 18¼- 22¾ 18 - 22),( 2'i - 33¼ 28 - 32½ l&l¾-13,i¼ 136¾-14'1 97½-10.J¾ 97¼-102 12¼- 16¼ 13 - 15 tiO¾'- 68".;;; 59½- 67¼ !J7 -H»¼ 103½-107½ 117 -120 37¾- 41¼ fi2¼- 67¼ 38 - 42¾ !56½- 62½ 103.l<;-1f6 ½ 57 - 57 5() - 56 93 - 116¾ 4¾- 5 104½-119¼ 65 - 70 13,¾- 20¾ .... - . . 13½- 17½ 2t - 25 76 136¼-13'.l¼ 96 - 99 9½- 12,½ 52-¾- Br· 1.¼- 2¾ 104 14. -105 117 -1 i8¼ 35¼- 39¼ 61 - 67,½ 39'1(- 41 . 55¼- 60 103X:-106 ·45· - 50 9t½- 9i¼ 4 - 4¾ 10-J¼'-111 64 - 66 13 - 15¼ . .. . .. . . 13 - 15¾ ~O½- 24½ 137 -139 95 - 97 9¾- .9¾ 51>1"- !56 98 - 98 107 -110 14¼£-116¾ 38 - 4 !¾ 67¾- 72;{ 3:_l¾ - 4·1½ 59 - 67)4 05,\!-109¾ - 100 -102¼ 108 -1 08½ 114¾-ll:¾ 35¾- 42 fi7M- 72½ 38¼- 43¼ 62¾- 67½ 107¼-109.% 40 - 45 93¼- 96¼ 3¼- 4.½ 94 -105¼ - 100 -100 97¾-102 ¾ 107 -103 114½-120!.( 29 - 37½ 6t - 71½ 36 - 39½ 58¼- 64 ¼ 101,¾-108 - .. .. 37 - 42 9~ ¼' - 93¼ 92 - 95½ 4 - 4¾ 3¼- 3½ 04¾-109 77 - 91i¼ 65¼- 66 i3¾-15 .. i4.¼ 8 1{- 14¾ 20 - 20 21 - 21 20 - 23 12¼- 14!,( 10;(- 14¼ 10¼- 12,~ 21 ¼- 24 19½- 25 18¾:- 21 3 1%;- 140 137½-140 137 -13i3.¼-( 96 - 118 92 - 93 t6 - 91.¼ • . - . . . . ... - ... . 52¾- 57¼ 52½- 59¾ 52.Ys- M½ 42. - 48~! ·is;,_ ~~i~;~~e !eJf::r:: 57·;. 53}i .59¼= 61¾ .59¼= £5½ 48¾: 6i½ 43" : 50¾ .4fi¾: 51¾ .4i¾: 52¾ 38¾: 44" ftr!!'f&l~.~. ~~~~!n:ii~~~·&·iud.'.. '.!'ol. Wab. & West . . . do do pref · · .. ~l~r~i.~.c.i~~::: :::: ~~~~:~~f':~e~~•.~~ ~:~·li~iti~~'.1'.fei:: 'Vestern Union Tel.. Adams Express .. _... A'llerican .Express... Unitecl States Ex..... 'Wells-Fargo Express. ~"'\, & Hud. Canal. .. 7¼- 13½ 12 - 14½ 10¼- 13¾ 7¼- 11 102Jr(-lf 5¼ 105 -100 101%-100 lOi ¾ -104¼ 138 -143 1:08 -142½ 136 -138¾ 134,½-135% l.¾- 2 1 - 1¼ I!-(- 1¾ 1 - 1¾ 111 -117¼ 112%-116.¼ 112 -113¼ 108 -112¼ 150 -151¼ 155 -159 154 -15~½ 154 -156 21 ·- 24¼ 19½- 22¼ 15 - 19,¾ 15¼- 17¼ 49 - 50½' 40 - 42 33 - 41¼ . .. . . ... 11½- 14.¾ 1~¼- 16 13¼- 16 12¼- 14 13'. l -133 1~ -138 127 -130 123 -140 l C0½-103 10231-105 101¼-103½ 102 -104 90 - 91 ½ . . • • - • • • . ...• - ... . ... - ........ - ........ - .... 119 -119 5 5 : ·1y. ·5¾ 51J¼ g¼: ~½ ::::: ::: 20 - 24 22 - 22½ 19.Jg- 21 li> ·· 15 15 - 21¼ 19½- 25½ 22 - 26½ 19¼- 22 i7½- iii" 4 ti 51' 7¼ 6¼ 7 5¼ 6¾ 5¼ 5~ 22¼: 81¼{ 33 29¼: 32½ 2S 31 2:3 1,1. 29½ 135 :l3q .... : .. ····: ::~: 120 =12 o' ·:::: ::: : ·3· - .6¾ "aj..(- .6¾ 3 - 41( 2¼- 3¾ 2 - 8 5 6 · .. · - ........ - • .. · · .. · .. .. .. .. .. · 1R~½=1~½ tg~¼:1~ 1f ~ ~~~ .1&k~=1g~ ·-s;t: 5g = a: 2e¼= :1bg -~~: 89 - 90 · 86 - 90 2½- 2¾ .... - .... . ... - . . 96 - 99 103,½'-108½ i12½-116 28 - 3'-l¾ 58 - 67¾ 31¼- 37½ 57)4- 63½ 100 -1U6½ 32 - 37 80¼- 92 3½- 8~. 66.Ys- 84¼' 9 - iO.¾ .... - . . .. .. 6•• : ··1·½·· :. :.:.:. "ii¾- ·fo,= 42¼ .4i¾= 52.. !rn= si~ .42¾- 48¼ 28 ~ 1674- 19 5¼- 7 29½ ~9½- 31 .... : ...... : .... ·¼- ·2¾ 2 - "3" 7¼- 7¾ 90 - !l4¼ 136½-137¼ 1 - 1¼ 100¼-103!4 151¾-156 5 - 11 SU- 15 3 - 5 122 -127 101 -102¾ ···• - ···· . ... - .... 8 - 8 90½- 94 .... - •. . . ½- ¼ 100¼-107¼' 150 -155¼ 5¼- 6¼ '9½- 11¾ 3¾- 4 126 -123 100¾-102?4 ···• - ···• 112 -113 ·;g3': ~i¼ ·i<: ~~½ .. ½: · ¼ =:_...: ·.· :1:3:: =1:3::: 17 - 18 5¾- 6 37¼ .. . - . ....... - .. .. 97½ 100 93.?r(- 99¼£ 108½-108½ 1~ -110 1123.i-115¾ 112¾-116¼ 181/s- 25¼ 18¼- 21?:!( 49¼- 56¼ 50¼- 51¼ 32½'- 38¼ 34½- 38 57.J(- ·61¼ 55¾- 6 l78 98¾-102 98¾-102¼ 35 - 39¾ "3f - .ii" 88¼- !JO¼ 88¼- 90½' 3 - 4 2 1, - 3¼ 67¼- 75 69¼- 7:i~ - . • 62 - 62 i2~ .. 9¼- li)li· 7¼- 10¼' 20 - 20 16 - 16 16 - 17½ .10¼- 13¼ 13 - 16¾ 12¼'- 15 12½- H 19½- 23 23 - 31 23¼- 27.Jg 251/s- 27 131 · -137.½ 133 -138 13ti -138 136"-141 80½- 89¼ 79 - 67 67½- ti2½ bO:¼- 71½ 5 - 7¾ 4 - 436 2 - 2 2 1/..- 2!.6 48¾- 54'3,,..' 53½- 63' - 54¾- 60.~ 55 - uu~ 7¾- f.W 7,½- 8 7½- g½ 90 -10! 84 - 97 89¼- 9,j!,( 13~ -139½ le5 -138 134 -137 ¼- 1.~ ¾- ¼ 1 - 1¾ 1C4¼-107½ 96 -10ti¼ 97¾-105¾ 151¼-154 148 -152¼ 148~-151¾ 10 - 13¾ : O¼'- 13¾ 1(,) - 12 19½- 24 2J - 27,½ 18¾- 20½ 3¼- 7 1¾- 4 3¼- 4¼ 130 -130 126 -128 125 -128 101 - 103¼ IOJ - !02¼ 99¼-102½ ...• . •• - • . • . 92 - 92 · · - · · - • 9f.- - 95 119 -120 .... - ....... - .... 115 -115¼ 110 -112 8 - 9 8 - 8 !"' !01 -104}001½-102 361(-138 .... ... 1 - 1 .... - - .. . 05 -110¾ 105,!,i-109 52 -157 153¼-154¼ 15%- 17½ 10¾:- 17Ji 32½- 38,½' 19 - 80½ 5¼- 12¾ 6%- 8 36 -1 :- 9 .. . . .. .. 00½-103½ 101¼-103¼' 33 : .... - .. . 96½- 101½ 109 !,(-10'.l¼ 113¼-1 15½ 24!4- 31 54¼- 61¼ 3:1 ¾- 42¼ 59 - 64¾ 98)!(-1U2% .... - . 35¼- 44 . . 85½- 91 3¾- 4¼ 64½- 81¼ - 4 4 :. :::.: :_ :.•. ·. .... 16 - 18¾ 15¾- 18 12¾- 17¾ 10 - 13 11 - 15 fl - 6¾ 5 - 6 5¼- 5½ 5!>{- 5.¾ 5 - 51( 29.Jg- 31 28 - 29¾ •27½- 29¼' 27 - 28 26 - 27½ ::1:~/ =:2:>:2:~= :4:~; ::4:;r.: :7;~/ / 8 : /,< Al /8 .,., / 8 ::5:~= :8::: /4 8 983·~,= 978 ~✓• 74. 78 .. - .. . . 4¼- 4¼ . . . - .. . 5 - 5 7¾- 10½ 7 - B¼ 3¼- 71,{ 59 - 63½ 59 - 64 5~ - fi4¼ 60¾- 65 61 - 63½ 57¼- ni 57¼- 60¼ .... - ........ - ... 95 -102 . ... - .... 90 - 90¼ • ... - ........ - .... 36¾- 39½ 29¼- 38¼' 18¾- 29¼ 16¼'- 21¼ 19.¾- ~B¾ 21¼- 27¾ 22¾- 27 21¾- 24¼ 19¼- 24¼ '22 - 25¾ 23¾- 25½ 23¼- 25¼ ·is~= 2i¼ ·19· : 22·· 11· 73½- 80½ 101¾-104¼ 57 - 59½ 58 - 62½ 80¾- 85!4 119,¾-125 70¾- 79¾ 106 -11t 58¾- 67 61 - 76½ 85 - 91 119¼-122½ ii~= ;t¾ ·i1½: 20.. ·i4¼= is~ ·is· =ia3i ·is· : is~4 =fo~ ·is· =i1¼ ·i5¾: fr· ·is· =i57i i~~= f~¼ 66¼'63¼- ~ 63¾66¼- 71!4 69½- 72¼ 63¼- 72.¼' 138¼- ':'3¼ 70 - 74.¾ 70¼- 73¾ 70¼- 73½ 70¼ 105}4'-108¾ 60½- 64 70 - 74¼ 86 - 87¼ 119¼-121 67¾ 107 60 67 85 108 -108¾' - 63 - 74 - 87.½ -119¼' ~C:irti~ g~a~~n1::: !~ : gg ~¼: ~i ~½: ~½ ·40·:: 1 .aaryland Coal. ...... 17¾- 18 17¾- 18¼ Pe11 nsylvania Coal... . . ··· - .. . . 275 -2~5 Sorin~Moun.Coal. . . ~ -65 64 -65 ltarip1>sa :c. & :rn. Co. 8 - 9½ 8¼'- 10¼ do do pref. · 8 - 10¼ 9 - 11 Qu.icksnver....... ... 17½- 18½ 17 - 20.!,( do pr,,f .... .. 23¼- 24¾ 23½- 24¾ Union ~Hn'gof Tenn ..... - .... - . .. ~nton . ... . ......... 39¾- 46 44 - 46 k!i h ttan Gas N!! fo rk Gas ".'.'.'~:: 149¼-153 1:,0 -153 Prod..Con.Ld.& P. Co. - .... . ... - .. . . Reno Real Est.,211.pf.103¾-105¼ 105½-105½ Farmers' L'n & T~t .... - .... 250 -250 UnionTrnstCo . .....; . .... - ....... - .... United Stateia Trnst. . - .... https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis = -....J lOi¼-102½ 103 -10.3 80 - 87 80 • 89 2 - 2¾ 1¼- 2½ 1 - 2¼' 1¼ · 2 71½: 85½ ·6i¼: fo~ ·37¾: 64 .. ff' : 4i¼£ 26½= 40½ ·3i¼: 37¼ 97¾- 98¼ 98¼-103 11fii~sr,uri Kan. &'l'ex. 7X- 8¼ Morris & Esoex .. . ... 101¼-102¼ New Jersey ......... 137 -13~ NewJerseySouthern. 1 - 2¾ N. Y. Cen. & Hud.R . 104¼ W!½ N. Y. N. H. & Hartt 146 -151 Ohio & llississiprii.. 16¼- 24¼ do pref .. il4 - 51 Pncifl.c of Mis~ouri . .. 11 - 15¼ Panama............. 127 -136 Pitts. F.W. & C. gna,·. 97¼'-101.3{ do special. . . • . - . . . . Rene!:'. & Saratoga ...... . - • . do pref. St. L. I. M. & South.. S L K C &N h t. · cio · or~r~i S EPTEM'R. OCTOBER. NOVEJ!IBER DE0EJ\lBKB 1----1-----1-----1-----,-----1·- ---- - - - - - - - - -----,----·-- ----·---,----- 107 -111 61¼- 63¼ 69½- 71¾'. 86 - 90 1-04J(- 114¼' . ... .... . . . . . ... - . .. . 102¾-105% 105 -11t¾ 111 -11 7¾ 105½-106½ 30 ~1 5,% .... - ... . .. .. 3:i 1 -MO _ _,__ ·ag~: 110 -114 59¾- 62 62 - 67¼ 83¾ 86¼ 75¼-101 as¼: 107 -109½ 58 - 60¼ 59!,(- 64¼' 79 - 85½ 62,\!- 86 105 -110¼' ~?>(- 62½ 59!4- 62¼ 83 - BU¼ 61¼' · Bl~ 105 -109 ·w· : ·oo : ·a4· : 3r 100 -106 60 - 61¼ :55 f6¼- 61 49½85 - 87 - 87¼61¾- 74 69 - 4i=-· 40M 39¾ 33 36 - .... . ... - . .. 12 - 13½ 10 - 10 9,J.5- 10 10¼- 10¼ 9 240 -240 238 -238 220 -220 220 -220 220 -220 230 58¼-55 55 -t5 - .... ···· .... - .... ·· - .. ...... o -- 9¼ 8 - 8¼ 6 - 8 3 - 5 4¼'- 7 4 - 5 4 6 - 10½ 8 - 8 6¾- B½ 3 - 7 5¼- 7 5 - 5 4 14¼'- 15½ 13¼- 13½ 12 - 1:3 13 - 13 13 - 14 10½- 15¼ 13 .... - .. . - .. - . ... 17 - 19 18.1/a- le 1!J - 19 17 : 23 18 1¾- 1~.! .. ¼ · · _ .. 25 28 30 30 _ 81 ··•• - . - · · .. ... .... 32 - 34 249 -235 -285 • • •· - • • • • · • · · - • ··· •· • - · · ·· · ·· · - ·· · · · · · 135 -135 ... - .. .. •· - . . ..... - •· · · .... - ·• • 135 -135 ·- .. 111¼- 119¾ 112~-119.½ 112¼-115¼ 115.¼-115¾ .... - ....... • - · .. · · · · · .... - ........ - ....... : ... .. . .. _ . . . . . . _ ........ : ... . .... . ... - ........ - • • • . .. • . .. • • .. . • .. .. .. .. • • .. • • • • .. • • .. .. - •· · · .... - .... · · - ... . .... - ........ - ........ - .... 135 . .. • - ........ - •• • • .. • • .. • • • · · · - · · · · · .. · ·.. 45¾ 39¼: 43 .. ·40· : 4i½ 16¾- 18)~ 15 - 15 12¼- 12½ 270 -270 . ... - . . . 6 1 ¾-6l~ . ... - .... 60 -60 r ·- 9¾ .. _. - • .. 5¼- 7 7!.(- 10 7 - 7½ 6½- 7¼ 17¾- 19 16 - 18 14¾- 16 223,4"- 2-3 2'2¾- 23 21 - 21 ¼- 17• 1¾- lJ~ U(- 1¾ 43 - 44 36 - 40 35 - 36 270 -270 . 108½ -110¾ 110!,(-111 5S - 63¼ 58 - 60 71 - 75 72 - 76~ 89 - 90%: 84 .- 89¾ U5 -110 100 -108¾ 60 -2110 ~:¼: til 56,\( 00 71¾ af· : - :1 -230 - •·· - 9 - 8¼ - 14¼ : 21 _ .... · ·· ;. - 24"' - .. - ... . : ... . .. .. - 135 - · .. • RAILROAD AND MIS CELLANEOUS STOOKS. 18?'7. The first half of the year 1877 was a p eriod of extreme depression in the N e w York stock market. There was no panic and no violent or extraordinary events to suddenly break down the market, but values shrunk away ste~dily under the unfavorable circumstances affecting stocas, assisted by the most p ersiRtent and vigorous hammerin g- by a strong combination of bear operators. Railroad and t el egraph stocks, as well as tho se of the c0a.l- carrier 1:1 , all came in for their fl hare of misfortunes. Commodorf' Vanderbilt died early in J anuary, and in March the trunk-li ne ag reement of December 16, 1876,-" one rate _to the s eaboard"for which he had contended so vigo rously, w a s ab andoned, and the unt1ettled eondition of affa.i rs among 1itle truuk lines, after the ruinous strife between them for th e pre vious twelve m onths; w as e xceedingly d iscouraging . Only second to the trunk-Hoe d ifficulty, and still more remedil ess, was the trouble among the coal-carrying and mining companies, arising from the low price of coal. The Cen tral R ailroad of New J ersey w ent into th e hands of a receive r in F ebruary. The Philadelphia-& R eading company was obliged to obtain conces sions from its creditors, and thA two prominent New York companies-the Delaware L ackawanna & W estern Ra.ilroa.d and the D elaware ~ Hudson Canal Company-saddled with burden some l eases, r esorted to new mo rtgage lnans to maet t heir current oblig ations. S imulta neously, the t elegraph war was pushed to the u tmost by the Atlantic & Pacific Company, which was controlled by p [l,rties in the bear interest. R ailroad earnings g enerally showed a l a rge deorease compared with 1876. •raking advantag e of the situ a tion, the bears pushed stocks to the lowest fig ures which th ey thoug ht the market would endure, and from the prices for April given in the tabl e below, it may be seen at o. glance how disastrous was the campaign to all parties ex.cept those few sp eculators who had sold stocks short. In June th e tru nk-lin~ companies m :i.de a new ag reement for freight rates, based on mileage; the two leading coal-carrying companies had nego tiated lo~ns w h ich placed them b eyond the dang er of present embarrass ment ; the r eports of a very abundant harvest began to come in after the middle of July; the teleg rapu consolidation was under negotiation, and finally completed in Au<Yust; and there was now formei (in July) a very strong speculative combination to put up stocks. The same p arties who had r ec:ntly b ee n b e.1.rs wtin most h eavily intere:1t ed in this movement, and with them nearly tll e whol e market, which had already b een suffe ring long and impatiently und er tile r ecent d e pressio n. The upward movement was del ayed t em porarily by the serious labor strikes ; but as soon as these ended, in the early part of Aug u s t, the adva nce begl\n in earnest. Under this purely speculative movement, based, it is true, on elements of real improvemeut in the situation, stocks were earried up largely in August and September , and some of the l eading operators loaded the:rru elves up with large b locks, whkh they still h eld, in whole or in part, at the end of the y ear. R1.ilroad earnin g s b ~g an to increase in August, and during the autum n months the principal grain·carrying roads showed a large improvement over their earnin gs for the s ·u ne tim !l in 1870. The principal circumstances affecting railroad earning s in the year 1877 wer e as follows : Fi rst- The exceed ing ly lo\V rate:1 on tb.e trunk line ~ durin g the grea ter put of the year, and a moder ate decrease in the volume of business on those !i n~~. S econd-:-The diminished crops of 1876 in the West and North. west, leaving a small volume of frei g ht for the railroads in the first h alf of 187 7, which had to b e carried at low rates, in conseq u~nce uf the "granger" decisions against t he r ailroads, and the sharp competition for busineAs. Third-Tha e xceptional prospe rity and increaein g- population in northern 'I'exas, Arkll nsas and M issouri, which help .3d the r ailroad ~ running into those sections. FourthTb.e steady bu3iness on th e m :tin line of the P acific railro ads. Fifth-The g re at crops of 1877, w·hich cha ng-ed the entire situation when they b e<Ya n to come to market. Sixth-rhe ai:rreem ent among trunk lines, both \iVes tern and Southwestern, which were made in the F~ll for the m ainte nance of b etter rates for fre ight. Upon the whole, the year was one of the most eventfal ever known in the stock m a rket, and the extreme depression of the first half of the y ear, with the ext raordinary rise which took place afterward-both carried on by s peculative manipulation-we re calculated more than e ver to show up the great uncertainty of stock operations and the .enormous advantage wllich a clique of spec ulators p oAsesses over t he ou tside p urchase r. J.ANtrAJiY. FBBBUABT MABCH. Jmra. Al'BIL. JULY. AUGUST. 8:BPTB:M'B . OCTOBBB. NOVBllBBR DECEJIBEB STOCKS. _ _ _ _ _ _ _ Low.High. Low.High. Low.High. Low.High. Low.High. Low.High. Low.High. Low.High. Low.High. Low.High. Low.High, L ow..:_~igh. Rallw:·oads. ~~rn. i.s&s~~~~~~~ Ce~1tral ofN. Jersey. Chicago & A!ton . .. .. Preferred .••. . ..... Chic. Bur. & Quincy. Chic. Mil. & St. Paul. Preferred .. ,...•... . Chic & Northwest'n . ~referred . . ... . . Chic. & Rock I sland. Clev. Col Cin. & Ind, Olev. & Pitt.sb., guar. Col. Chic. & Ind. C . Del. L ack. & v. est'n. Dubuque & Sioux C. Erie . ... . . . . . .•. ••• Preferred...... .. . Ha nnibal & St. Jo ••. Pref erred.... . ... .. llarl"m . . . .. . ..•••.. rl~~f=~~:~;;ai.:::: :: .~21~~. =~~87¼. -~10~. =~~·-~~. ::~.. -~'..::~~ .:~. :7~-- .~. =~~~ .~~. =·~. 64 :75 - 28¼ 7½- 10¾ 7½- 9½ 6¾- 9¼ 6 - 7¼ 7¼- 12 ·io~- 2i,¼ 99,¾-102 109 -110¾ 116¾'-118½ 17¾- 21 46¾- 54¼ 34,¾- 87¼ 55,¼- 58¾ 99~-102¼ 33½- 39 89¼- 93 2~- 3½ 6i ¼- 77 52 - fi5 O¼- 10¼ 16 - 16 12¾- 15~ 26 - 80 13~ -141 0 50¼: 65¼ Kamas P acific....... 2~- 2¼ Lake ~horc .... .. . . .. 53¼- 57¼ I.oui1mlle & Na~hv .... .. - .... Mjchiga!l Central . ... 45¼- 50J;( Missouri Ka n. & T ex. . . . . .. Morris & E ssex ...... 90 - 92.lf New Jersey .. . ... .... 137½-140 ~ew Jersey Southern ¼- ¾ N. Y. Cen. & Hud. R. !00¼-104¾ N. Y . N. H. & Hartf .. 151 -152¼ uh iO & Mississippi.. 5½- 7¾ Preferred ....... . .. 10¼- 13 Paciflc of Missouri. . 1¼- 3¼ Panama .. . . . . •••..... 128 -128 Pitts. J!. W. & C. gua. 100~-101¾ 95 -103 89"- 95;!! l05!i:-112 101 -106 10!) -117¼ 94 -t09½ 16¼- 19½ 17¼- 19¾ 46¼'- 49% 45¼- 47¼ 80¼- 35 31,¼- 34'li! 48¼- 56¼ 50 - 54¾ 97~- 102¼' 99,l,(-102¾ 21 - 33 2 t¾- 27¾ 87¾- 93 89 - 90½ 2].;!- 2X 11,(- 2¼ 60¾- 70~ 56J.(- 66¼ 4ti - 46 46 - 46 7 - 9~ 5 - 8 17 - 18.!4 15 - 18 9 - 18 10¼- 12 20 - 26¼ 20 - 23 135 -140¼ 136 -140 1 1 i1 : g~¾ 2 - 2· 4i~= M. 84 105 96 11 - 91¼ -105 -104 - 19¼ 40,¼- 49)( l[> - 82 · 37~- 5C¼ 82¼- 98 19¼- Z'I 79¼'- 89¾ 2>.- 2¼ 42¼- 60½ 3\l ½- 45 4¾- 7¼ 14,¼- 17 7 - 11 17 - 22¼ 185 -139 1 1 : :~½: •••• - .. .. .. . 77 - 91¼ 75¾- 82J,( 82 - 90 HJ6 -106 99 -101 101 -110 99 -10~ ~ 95,¼'-101 97 -100 17¾- 20¾ 18 - 21 ¾ 10¾- 24½ 46¼- 51¾ 47¾- 51¼ 51 - 61¼ 19¾- 24¾ 18¼- 21¼ 19 - 23 43¾- 50½ 43¼- 4-',Jf 45¼- 52¾ 90¼- 95¼ 90).(- 93¾ 90.!,i- 96¾ 25 - 83 22 - 24 23¼ - 27 83½- 88¼ 72.1!- 84¼ 75¼- 8:l¼ 1¾- 2 ¼- 1½ l¼- , 3½ 88 '6- 53¼ 3G~r 40½ 36 - 4fi 42¼- 42¼ ..•. - . . . . 42¼- 43½ 6~- 7~ 5¼- 6¼ 6!,(- 9¼ •••• - .. ....•. - . . . . 16¼'- 18 10¾- !4 11X- 15 11 - 15½ 21¾- 26 22¼- 28 ¾ 28 - 33¼ UI" -144 136)9-141½ 137½-140 85 - 90 .. .. - . . . 98½-104¼ 24 - 81¼ 59¾- ti7¾ 21¾- 85½ 50~- 63¼ 94 -102 24¾- 35 78 - 82 2 - 5 40¼- 51 ¾ 46 - 49 8~- 12¾ 18 - 23,¼ 9 - 12¼ 23 - 29¼ 189 -142½ '.~. =7~~ .'.~.::~ .. 'ff :15 14¼- 19¼ 15 - 183,i 11 - 15;-' 74 - 80,it 99½-108 S9¼-10~ ~ lOlJ,(-105 lOi_¼-108¾ 80¾ - 36¼ 8 t¼- 42¼ 82,l,(- 87¾ 66¼- 72¾ 66¼- 7~¼ 66 ¼- 72 82.¼(- 88¼ 33¾- 43¼ 83¼- 87¾ 61¾- !i4¼ 61¾·· 69¼ 68 - 67¼ 99¼-102½ lOOJ.(-105¼ 99 -101 ¼ 31¼- 41¾ 87¾- 49.¾ 85 - 42¾ 82 - 83 74 - 8t¾ 76 - '19½ 8¼- 5¼ 3¾- 5¾ 3½- 4¼ 44.14::.. 59,¾ 45 - 53!,;! 4.'i¼- 51,¾ 51 - 52 55 - 60 60 - 6G 10 - 13¼ lll(- 15 8¼- 12¼ 20 - 21 24 - i7 18¼- 'i5½ 11½- 14¼ 9¼- 18¼ 12!,!'- 13¼ 26¼ - 81¼ 20 - 80,i! 27¼ - 31 141 -142¼ 142 -144 14-3 -147 8t!a('- 87 77 - S6 102 -103¼ 103 -105 141½-147 "501(: 59¼ -~ · : 55~ ·5ai.(: 62.. "r.oi.-: ~5¼ 65¼: 72¼ .7i¼: 79" roi.{: 'lOi£ 'ii~= '14¾ 0 - .. . · 12 -_ ~ .. .. - . . : J¼- ·2 2 - - ;! 2 -- 4¼ o¼- 5¼ 47½- 54 ¾ 46 - 48½ 45,l,I- 52¼ 49¼- 55½ 61¼- 1!6¾ 63¼- 73¾ 47¼'- 55¼ 45,¾- 52¼ 45 - 51¾ .... - . . . 26 - 26 :l9 - :.!ll ¼ 40,¼- 47¼ 35½- 4i ,¾ 35½- 42¾ . . . . - . ...... . - . ....... - . . . . 79 - 90¾ SO).(- 86¾ 57¾- 81~ 134 -137¼ 134¼ -;,37¾ !20 -134 ¼- ¼ ¼- 1½ ¾- 1 91¼-10i ¼ 89¾- 98 85!4- 94¼ lM -1~3 151,¾-152¼ 146 -152 5~- 7 4 - 6¾ 8 - 4~ 8 - 9¼ 8 - 11 ½ 7¾'- 8 2¾- 3¼ 2¼- 2;!! . . . - . . . . !22 -126 118 -130 80 -120 9'.l -101½ 97½-100.¼{ 85 - 99 ~).=r:~ U - 14~ 76¼'- 78.xl 100)9-102 101 -102¼ 83¼- 87)4 68¼- 73)4 83 - 86¼ 61~- 66¼ 9~¼-101¼ 81¼- 8~ 76 - 78~ 8 - 4 47¼- 61¼ .. 7¼- ioi( 22½- 23 11¼- 12~ 24!4,- 28¼ 30 - 30 38¼- 46¼ 4¼- 5 66 - 78¾ 12J -133 ~¾ 88}8- !16¼ 147 - 152,½ 4¾- 6¼ !2 - 12 2 - 2 89 - 98¼ 94 - 97 .... - . . ... . . . .. . 37¾- 41¼ 40¼ - 41½ 5¼- 5Jt 4¾- 4¾ 51 _',(- 69¼ 6! - 72.1' 127'6:- l'l7¼ 129 -132 ).(¼' ¾- ¾ 88 - 08 83¾'- 95~ 149 -153 149 -150¼ 2¾- •l¼ 2¼- 3¾ 5¾ - 7 4 - 6 .... - . .. . .. - . . .. !14¼- 97 98 -100 81,¼- 93½ 8 1¼- 90½ 2~¼- 28¼ 43 - 5:J¼ 4¾- 5),{ 68¾- ~7¼ 127 -127 ¾- ~, 92¾-103)4 151~-15::l 3 - 7¾ 8 - 11~ 2 - 2 m -113 86¼- 921/, 29¼- 29),\j 56¾- 61 ½ 4½- ti ¼ 70)i- 83 129 -129 ¾- ¾ 99¼- 104¾ 152¼-lM ti - 7¼ 10 - 14 2 - 2½ 111 -113 !JO - 92~ .. . . . . 58¾- 74¼ 6½ - 7¼ 70¼- 77 110 '-124 ¾- 2½ 101¼-109¼' 153 -154~ 7 - 11¾ 14¼- 20 2 - 2¼ 115!,(-130 87 - 94 a~ - 11;..; 7 - s· 58 - 64¼ 6:t¼- 69 ¾ . ... ... 57¾· 65J{ 4¾- I>¼ 73 - 7'6½ 115¾-120 1 - 1¾ 1f5¼-107~ 154 -157 8,¾14¾- 17 1½- 2 120 - 125 88 - 92¼" 40.lt- 41 54¼- ti5 8 - 5 73 - 78),( .... - ... . 1¾- S l f14~-107¾ 15.3 -158~ 7¼- 10~ 16 - 17¼ 1~- 1~ 124 -125 91 - 93~ ti ¼- 7X 41/,- 5 ¾ 7¾- 8 4¾- 5~ 9¾1 R~;;.~·s~ritoga.: .io9· :1ii.. ~~ :1i~½ ~g =~~¾.Bi-°:oo· · 9s·:100.. ·oo·:oa·· 93·:oa· 96 :96.. 99 -100¼ .... :::::::::::::: 951 :gs·· :tE~u%'~-'~ ,ff. lt ·T: ·a·· ··2½: ·a·· 3 : ·a·· ::::: :::: ::::: ::~: ::::: :::: sx: 4½ ··a¼: ·s¼ ·a¼: ·a¾ -4~: 5½ · · · · : •••· !!,(: 11½ Preferred .... . . . . . . ]4 - 16 15 - 15 13 - 15 . ... . 12 - 15 15 - 18 15 - 18 17 - 17 15 - i; · · 14),(- 15 1 St.L. J.M. &Sou th .. St. L. K. C. & North . Preferr ed .. .. . . . . St. Lou is & San Fran . Union P ,1cific .. .. . .. . Waba ~h receipts.... . Warren , ... . . . ...... 1UJsceIJaneous. 0 ··4:"- 0 11 - 11!4 10 -11 l'I - 8 . 5¼ ··5· 5 4½- 4;, 4 - 4.l( 3¾ - 31/, 4 - 5¼, 8',(25 . ... - .•• . 23 - 25 20¾- ~4~i 25 - 28¼ 20¼.... - .. 65¼ 114 - 68 ·66¼- 73" ·63½- 69 · 135 - 69 ·63½fl - , ¼ 6!,{- 8¾ 8,i- 5½ 3 - 6 2Ji- 5 ¾94 -94 67_¼ - ·90 52 -82 81 -81 ..•• - .. .. .... - lH.(4¼24 ... . 59¾- i:3 6 5¾-10 7 - 8¼ 5"- 1 6J.(- 8¼ 5½; 3!{- 4 1,; 3¼- -1½ 4 - 6.' { 4J" - 6¼ 22 2U~- 2J½ 21¼- 24¼ 23 - 27¼ 24½- 27,¼ . . 3J.(- 5½ 69i! ·63¼- 66½ ·1F!. - 7i¾ ·66¼- 70½ 6fi - 68 2.xi 1 - 5 4¼- 15 !l¾- 14¾ l~¾- 20¾ ..... .. . - ... ... .. •. 7'6~-76¼1, 2i¼- 25½ 2:!¼- 24 3¼- 3¾ o¼- 4 66¾- 67~ 6 t ¾- 67'( 14½- 17 133'- 15½ . ... - . •••••• - •••• P adfic Mail. .... . ... 23,¾- 25¾ 24,¾- ~6¼ 18¼'- 25¼ 12¼'- 2-Z½ 19¼- Z3¾ 18¾- 20¼ 19 - 22¼ 20¼- 2fl !a{ 2 !¼- 25¼ 22J,.(- 24¼' 21 - 24¼ 20¼- .43¼ Amer. District Tel... . . - . .. . - . .. . .... - . .. . 20 - 2lJ 181/,- 23½ 25 - 25 :14 - 25 24),(- 2H( 2a - 24 Atlantic & Pac. 'l'el.. 15¾- 17¼ 15½- 2 1,¾ 19 - 25 23½ 19¼- 21¼' 19 - 20!,! 20 - 20¼ 17 - 24¼ 19 - 22 ¼ 19 - 20¼ 20° - ~3¾ 2-i~ W est ern U uion Tel.. 71 - 7'8 62¼'- 77 57¾- 66¾ 56 - 64¼ 60¼- ti6 56¾'- 63¼ 57¾- 71 ¾ 70¼- 83 ~ 76),!- 84¾ 76¼- 84¾ 77¼- 81 !,j 75~- 79¼ Adams ExI,J_rcss . .. •. l'00~-105 102 -104¼ 100 -103 91 -100¾: 95¾ -100¼ 9~¼ - !lli 95 - 9!l¼ 9:l - 100 92 -100 95,½-100 95¾- 9H" 96¼- 98.1( American .Express... 56¾- 58 57!4- 60¼ ,1 - 59 50 - 54¾ 45¼- 54¼ 43¾'.- 47¾ 43~- 41i¼ 44 - 46,!.( 45?,(- 55:l& 5~~- 55¼ 49 - 56 4~ - 51¼ United States Expm,s 49 - ~ 9~ 48 - 52,lg 43 - 50 36 - 45 10 - 4.!¼ 39¼- 4 7 40 - 42 41 - 45 44)4- 50 44½ - W 44¾"- 48 46¼- 48¼ Wells Fargo Express . 84 - 8!1 82¼- 84¼ 83 - 84¾ 82 - 84 83 - 8'1 8-l - 90 81 - 82,!.( 82 - 84¾ 82 - 85 83¼- 87 86¼- ti7;( 86¼- 87~ Del.~ Bud. Canal... 56¾- 74¼ 45 - 62½ (6¼- 53¾ 36 - 50¾ 85¼- 50,1" 25¼- 37¼ a3¼- 47 38¼- tO¼ 39¼'- 57,!.( 39¼- 45¼ 43 - 48¾ 45 - 5~¼ American Coal ... . ......• - .. ...... - . . . . - .... 40 - 4u 40 - 40 .... - . . .. . . - •••. - . . • - •••• . .• - . .. •• Consolidat io n Coal .. 34 - 33 31 - 83 80 27 2t - 24 22 - 25 :. : . - .••. "ii. - 2i " : . . : - .. . . : •. - .: •. 25 - 25 .... - •••• :Maryland Coal.. .. ... 9¼- 11~ lll¼- 10¼ 8 - 10}4 8 - 10 10 - :o 9¼- 10 . .•• - .. .. !I - !I ... - . .••.••• - •••• 10 - 10 ••. - . . .• Pennsylvanla Coal ... 220 -221 200 -215 1118 -200 .... - .... ..•• - .... 125 -1 25 . ... - . . . 155 -1155 1~5 - 157 . ... - . . . . 145 -150 Mariposa L. & M. Co. '5¼- 8!i( 4¼- 6¼ 5¼- 6¾ 3 - 4¼ 2¼- 5 1 - 1 ~ - & .••• - • .• I¼'- 2 ¼- 1¼ 1~- 3X 2 - 3~ l?reterred. ... . . .. .. 5¼ - B;i 4~- 7 6 - 9 8¾- 5 2¼ - 4Y. 1 7/a- 2 ¼' 2 - 2:U . . - .... 2 - 2 !{ - 1¾ l½- 5 2¾- fl Ontario Silver Mln'g . . ..• - •••....• - ••• . . . .. - ....... - • .• . ao3"- 20¾'120,Z- 21Ji 20¼- 21½ 21¼- 22 21¾- ~2¼ 22- - ~3¾ 2:3 - 2511! 25¼- oU!( Qulcksllver ••• . .•. •. 14 - 16 14 - 16 14 - 1T¼ 18 - 15 14¼- 15¼ 14 - 15 13 - 14¾ 13;,i- 2Ll 18½- 2, 39 t:'I - 24 Iii½- 18 16 - 17¼ Preferred . ......... 21 - 22 ~O¼- 23 21¼- 25¼ 19¼- 21~ 22 - 23" 21¼- 22 22¼- 25 2i - 85 3 1¾- 36¼ 33 - 45 32~- 36 ~8 - 3d;~ Canton....... .. ... . .. 28 - 23 ..•• - • . .. 26 - 26 20 - 20 20 - 20 .. .. - . . .. 17¼- 20 14¼- 14½ 18 - 23 22 - 22½ 21 - :22 20 - 2ll M anhattan Gas••••••• . .•• - .....••• - . .. . 2~2 -222 217 -220 . ••• - •.•...•• - . . . . . . - . . . . . ... - . .. .. . .. - . .. . .. .. - • .. .. ... - • • .. •. • - • •·· N i-w York Gas . . ..•..••. - •... . . ., - . .. • •• - •••..••• - •••..••• - •• . · 1 ··• - ... . 128 -lid . ..• - .... 129 - H 9 124 -1 ~4 . .. - ...• Union 'l'rust Co ......... - •••. 13~ -132 · . ••• - .. .... .. - ••...••• - .... .•. - ••• .. .. . - . .. . 120 -120 \···· - •••. . ..• - •••. UO -1:20 120 - 120 United States Tnist ..•••• - ••• . ..•. - . . . . •.• - . . . . •.• - •••..••. - ..• . ...• - •••. . .•• - . . .. . ... - .... . ... - • . • .. . •. - ........ - .... 350 ~ PullMan Pala ce Car . . • .• - . . .... .. - . . ...... - ... ..... - . . .. . .. - . . . ... .. - •.• ; ..•. - . .. . . .. . - . .• . . . . . - . . . . .. - ........ - .... 75 - ,5 https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis is~- ·2r - 83~125 - 4 1···· - .... - •••• RAILROAD AND .MISCELLANEOUS STOOKS. IS?'S. In the market for railroad and miscellaneous stocks and bonds the record of the year 1878 presented a strik-ing contrast to that of its predecessor, 1877. 'l'he second quarter of 1877, from April to June, inclush·e, witnessed the culmination of the Jo ng depres,,,ion in railroad securities which set in after the crisis of 1873 . . The comparativelr small crops of 1870 furnished a light bu~in Pss to the railroads in the first six months of 1877, and a decrease in earnings from this cause, as well as the' decline in passenger traffic, as compared with the centennial year 1876, made tnem show a large fallrng- off in earnings. But whh July, 1877, a recovery in railroad securities set in, which was maintained, with only temporary interruptions, during the balancd of tha~ year and throughout 1878. Iu the early months of 1878 there was much dulness in stocks, and prices were comparatively low. During the second quarter there was much more animation, and prices made a consid~rable advance up to and including the month ot July, when high figures wue reached. Both the prominent railroad companies of the North west-the Chicago & Nor th western and the Uhicago Milwaukee & St. Paul-paid dividends on their preferred and common stocks, and all the prmcipal grain-carry ing roads showed earnings far in excess of the first six months of 1877. In July and August it became apparent that there had been serious damage to the wheat crop in some of the northwestern states, and the stocks of the compaaies just named fell off very sharply to the lowest prices of the year. In regard to the trunk line railroads b etween the seaboard and the W et!t, th A important move· ment of the year was in the election of Mr. William H. Vanderbilt as president of the Michigan Central Railroad, which, with his control of the Lake Shore and the Canada. South ern, placed under his management every line from Chicago eastward, north of the Pennsylvania Railroad's leaeed lines, and left the Canada roads without western connections. An important conference of railroad officials wai:1 held at Saratoga in Augul!lt, at iwhich Mr. Vanderbilt was underst ood as clearly favoring a policy of harmonious working among the l!leveral lines in their adj ,1 stment of freight and passenger rates. The combination among the anthracite coal mining and carrying corporations was maintained through the year, and served to keep up the prices of their stocks; b~t coal business was unsatisfactory, and the combination was not renewed for 1879, owing to the objectione of the Lehigh Valley operators, and prices of stocks fell off sharply in December. The business in railroad bonds in the last quarter of the year was large b eyond precedent, and much of it on speculative account. The Central Railroad uf New Jersey re-orga.niza.tion scheme was carried out by the re-adjustment of its securities. The Erie Railway was sold under foreclosure of the sec')nd consolidated mortgage, April 24, and b ,mgllt in by trustees representing rhe Eug-lish re-organization commi Ltee. The Canada Southern bonds were guaranteed as to interest by tht-i New York Central & Hudsou River R c1,ilroad Company and tile stock, which had been practically valueless, sold in Decemb er at 45½. JANUARY. FEBRUARY STOCKS. Railroads. Albany & Susqueh·a. Hurl. C. Rip. & No . . Canada Southern .... Ci:ntral of N . Jersey Chic:i go & Al1on ..... do -,rer.. Chic. Burl. &Quincy. Chic. Mil. & St. Paul do pref . . Chic. & Nort.hw,,st .. . do pref .. Chicago & Rock Isl'd Clev. Col. c iu. & Ind Clev. & P1ttsh., gttar. Col. Ch c . & Ind. c.. D el. Laci{. & Western Duhuque & Siem"<: C. . Erie ... .. ... ... . ... gg : e~ 88 ~~~d::: 73¾- 75 13:,(- 17½ - .. . . 18¼ 75,¾- 79¾ :oo -101 )I! 02 -103>, 3/i - 39;-11 liS¼- 73¼ 34 - 38 61½- 64¼ !18¾-lU0,¾ 34 - 38!4 70¼- 78 2½- ::l\ ; 46½- 52¾ - i~¼- 7-t - 'i'5 73¼- 80 17¼- 24}1 22¾'.- 34 j5" - isi,.( i3¼- 17½ fi7¼:- 7812 66¼- 711 97,¼'-10~ 97¼-100 99!,('-105¾ 99¾-101¾ 36.¾- &8¼ 3i'.¾- 43¼ r,8"- 70¼ 611" - 7:3¾ 33¼- 35¼ 35 - 45¾ 59¾- 62¼ 62¼- 71¾ !JS¾- 99½ 99 -103¾ 27X- 34 27 - 30½ 63½'- 72 ½ 66 - 77¾ 2¼- a 2¼- 4¼ 4t;½- 50.¼ 46¾- tifi¾ 63 - 63 ..9. - ·9¾ 9¼- 11,½ 7¾- lfJ. '2f : 2l ·22··: 2~ 2i¼= 24¼ do $2 assess. pnid ... . ... - . . . . . . - . . . Hauuib al & St. Jo . . .. :O¾- 12,½ 10 - 11¼ ·io· - ti¼ do pref . . 2~¼- 27 . 21¼- 25,½ 21¾- 26¼ Harlem .• . .•.... . 141 -142 141 -:!.42>, 141~-149 <lo pref..... ...... liliu'lis Ceu r al.. .•.. . ·73" - 75¾ ·72 3{- 77 .. ·73¼- 75¾ KausasP,1cific..•••.. 6,.(- 7¾ 5X- 8 6}--a- !I¼" Lake Shore .. ....••. 59¾- 63¾ 60X- 6~¾ 61 - 65¾ Louisville & Nashv . . . .. ¥:ichi~an Central. ... 58¼- 63 59 - 60¼ 511¾- 65¾ Mo. Kansas & Texas. 3¼- 4 3¼- 8¾ 2¾- 3¼ Morri,i & Rsl'!ex: .....• i1 - 75¼ 67¾- 75 67¾- 'i'9¾ Nashv. Chatt.& St. L. ... . . - .. .. . .•• - . . . New Jersey.. .. . . .. l20 -122,!,( 1~0 -120 . •• - .... N ewJ,,reey Southern l¼- 1¼ 1¼- 1¼ 1 - 1¾ N. Y. Cent.. & Hud.R. 104 71 -10~% 103:!t:-106 103½-107½ New York Blev~ted . . 75 -IOU ..• . - . . • • N. Y. N. H. & Hartf.. 153],(-1115½ 15fi - 159¾ 158 - 159 !,( Ohio & Mis ~issippi... 'I' - 8,½ 1¼- 8¼ 7 - !:J}'a" p do pret. 11 - 15 12 - 14~ -~~-:"= 13½ ~~~... MAY. MARCH. JCTNE. p~~~~~f 78 77 - Sa 32¼ Z7 - 32¼ . . •. - .. 18 i6Ya- 2fi¾ 75½ 70 - 79 !l!l);(-100 99 -101 101.J,.(-106 100 -105½ 43_½- 51¼ 49 - 54¾ 71¼- 71'>;,.; 72¾- 81 45 - 55¼' 49¼- 54½ 69}1- 76 70¾- 78¼ 101;,6-107¾ 104¼-l 12½ ~5~- q2¾ 25,½- ~9J.4 74¼- 77¼ 74·¼ - 81,% 3 - 4¾ 3¾- 5 50¼- 58 51¾- 56¾ 60 - 60 60 - 61¾' 10,'("- 11!¾ 11¾- 15¾ 80 - 85 29½- 33¼ . ... - . . . 25¼- 35¼ 77¼- 81¼ 102 -105 10l - 10 48¼- 54¾ 77 - 82 44¼- 54¼ 69¼- 7i¾ 112 -11 9¼ 24Jq- !i,_3 77¼- 81¾ 3¾- 4¼ 55¼- 59~a 68 - 64½ 14!,- 17.% .26½= 32·· 30 = .. . i1 - fa¾ 26¼- Q8¾ ma - 148¾ ... - . ... 1l2¾- 85¾ 6 ¼ 55¼- ti5~ 35½- 36¼ 63)(- 71¼ 2½- 3¾ 82 - 89 - .. •• 122 -122½ 1¾- l½ 107 -112 75¼2!l .. . 15¼7t - 23¼: 27¼ 11¼- i3¾ 25¼- 31¾ 14S -119 .... - . . 74½- 'i6Ji 6¾- 9 61¼- 6!JJ,( 65¼'- 7~¾ 2¾- 4½ 76 - 80¾ . .. - . . . 119,¼-1~0 Renus~ & Saratt:ac_i~: St. L. Altun & '1'. H.. do pref. St. L. J.M. & 3 ,.uth St.L.KansC.&No . do pref. St. L. & S. Franci sco do prer . do 1st pref . AUGUST. 1iY.- 12¼ 2fi ½- 29¼ 147 -148½ . 76 - 84¾ 7 - 8½ 61¼- 63,¾ - .... .63¼- 71¼ 2¼- 3 77¾'- 85 ... - .... 120½-120.½ 1 - 1 1 - 1¾ 105¾-109¼ 105¾-110½ .••• : ·· - .... : ... . ~½ 4¼- .4¾ .. 3¼- ! 6¼I 4 20¼2¼. •• - 17¼ 12¼- 13 71,{ 5 4~ 4¼23¼ 20,lt.3¾ 3 . . •. - tti~\~lfl1ctii~:::::::· o 4¾ 24 ·3~ ~~: 82½- 84 24.):(- 30½ .. . 34 - 45¼ 76¼'- 85 102 -103½ 10~¼-114½ 34¾- 54¾ 70¾- St¾ 33 - 52¾ 66 - 79½ x11¼;•117 ra 25 - ~7 79 - b3¾ 3¾- 4¾ fi5¼- 61½ 65 - 119 15¼- 18¾ 3 80 - 85 101 -104 xS¼-l!'l½ .l8 - 3o 65 - 72,i.; 32½- 36~.£ 62 3( - 69 111 -117¾ 23 - 28¼1 7!:J - 81 ¾ 311- 4¾ 50¾- 58 !( - "i4¾- iSYs .29¼= 34¼ .... .... 11 - 14¼ 21¼- 36 138 -139 . .. - . . . . x79 - 81¾ 4 - 5½ 5it,¾- 67 ·59" - 70i.i 2 - 2¼ 80¼- 81.¼ . .. - . . . . 127 -127 1 - I¾ 1 - 1¼ 108¼-110 107.),,.(-112 SEPT'MB'R OCTOBER. 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Ft. W.& C., gu11 87 - 9t 85 - 8:J ¾ SS - 92 90 - 92¼ 90 - 97¾ 93 - 98 0 JULY. Low.High. Low.High. Low.High. Low.High. Low.High._Low.High. Low.High. Low.High. Low.High. Low.High. 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