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mnmertfo1
HUNTS
MERCHANTS*
MAGAZINE,
iDn^jrapev,
REPRESENTING THE
INDUSTRIAL AND
VOL. 30.
COMMERCIAL
THE
Where
tlie
OF
Course of Prices of Railroad
and Miscellaneous Stocks for
the Year 1879
Course of Prices of Railroad
Bonds for the Year 1879
Railroad Earnings in Decem¬
They 1
Hasty Condemnation of Bank
Officers
European Cotton Consumption
and Surplus Receipts
Retrospect Df'l 879
and 1878
U. S. Treasury Statement
The Debt Statement for Dec.,
1879
30
Quotations of Sterling Ex¬
change for Every Day "in the
Year 1879
Course of Prices of State Se¬
curities During the Year
1879
V.
35
millions
33
increase of bank-note circulation
and
English News
36
37
Commercial
37
Commercial and Miscellaneous
News
37
gold produced.
<S Quotations of Stocks and Bonds
<
•
investments, and State, City
S&’f
and Corporation Finances...
'
COMMERCIAL
Commercial Epitome
44 1 Breadstufts
44 I Dry Goods
Cotton....
RedempVn
of
Leqal
-
Gold.
42
Tenders.
Fractional
.*
49
49
,
Chronicle.
Financial Chronicle is issued every Satur¬
news up
to midnight of
Friday,
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The London office of the Chronicle is at No. 5 Austin
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Transient advertisements are published at 25 cents per line for each
insertion, but when definite orders aj*e given for five, or more, insertions,
a liberal discount is made.
Special Notices iA Banking and Financial
column 60 cents per line, each insertion.
WILLIAM B.
DANA, \
FLOYD, JR. >
WILLI AM B. DANA & CO. y Publishers,
79 & 81 William Street, NEW YORK.
Post Office Box 4592.
trp3 A peat file
cover is furnished at 50 cents; postage on the same is
Volumes bound for subscribers at $1 20.
I3P3 For a complete set of the Commercial and Financial Chroni¬
cle—July, 1865, to date—or Hunt s Merchants’ Magazine, 1839 to
1871. inquire at the office.
18 cents.
ADDITIONS
TO
*
For
weeks
THE
ARE
CURRENCY—WHERE
THEY?
with a commission
added, and more recently, under the new law, six per cent
with a commission, has been the experience of the needy
borrower, the pressure now how'ever being temporarily
removed by the Government disbursements.
Quite the
opposite condition of the money market is usually
looked for at this season, and with the recent large
additions which have been made to our currency by gold
imports, gold production, and bank-note expansion, it
was supposed that low sates for
money were assured for
the present mid^winter months.
It may surprise some of our readers to know the full
amount of gold and currency which has been let loose
some
seven
per cent
National
Bank
Notes.
Total.
Currency.
[
Jan.
$
$
$
1,’79. 135,382,639 59,582,505 10,000,000
Feb.
day morning, with the latest
(see Chronicle of last
kFor
41
1,’79- 133,756,906 62,463,706
1, ’79. 133.265,559 72,650,231
Apr. 1, ’79- 133,416,125 67,370,677
May 1, ’79. 134,500,140 61,998,485
June 1, ’79- 136,680,260 69,142,335
July 1, ’79. 135,236,474 66,015,969
Aug. 1, ’79. 135,517,483 63,791,465
Sept. 1, ’79. 141,546,390 70,597,606
Oct. 1, ’79. 169,606,995 48,173,254
Nov. 1, ’79. 171,517,713 37,522,567
Dec. 1, ’79. 160,443,436 29,973,454
Jan. 1, ’80. 157,790,321
[22,660,493
Mar.
and
a net
week, page 10,) of nearly 20 millions. Still another
supply has come from the Treasury. For convenience
we give the
following summary of the cash holdings of
the Treasury the first of each month (omitting
silver)
during the year.
:
TIMES.
have about
we
Another item is
BANKERS’ GAZETTE.
Money Market, U. S. Secrv
ties, Railway Stocks, Fore
Exchange, New York City
Banks, etc
THE
Monetary
In addition to that however
31
36
STATES.
country since the year 1879 began. The amount
imported is a point familiar to all ; call it net
millions.
ber, and for the Years 1879
Course of Pnces of Government
Securities for the Year 1879.
JOHN G.
UNITED
NO. 759.
80
"
....
....
THE
upon the
of gold
CHRONICLE.
Currency—
are
The Commercial
THE
SATURDAY, JANUARY 10, 1880.
CONTENTS.
Additions to
INTERESTS
*
This item
8,560,824
8,519,741
8,458,991
8,446,338
8,408,106
8,375,934
$
8,467,442 213,432,586
12,293,946 217,075,382
10,233,224 224,668,755
5,542,552 214,788,345
.7,762,195 212,727,158
14,661,786 228,892,487
8,286,701 217,915,078
7,188,444 206,497,392
5,138,555 217,282,551
4^321^301 222,101,550
3,658,167 212,698,447
3,208,277 193,625,167
3,242,707 183.693,521
drops out of tlie statement with July, an act of Congress
having directed the re-issue of this fund.
Here
difference of about
thirty millions be¬
holdings of January 1, 1879, and January 1,
1880. Bringing all the items specified
together, we have
the following changes during the year in the active cur¬
rency of the country. The reader can also add the silver
we see a
tween the
dollars and silver certificates which have been
he thinks the aggregate
is not large enough
Imports of gold, net
$80,000,000
Production of
gold
Bank-note expansion
Let loose by the Treasury
'.
Total increase in the active currency
Where has all this gone
as
issued, if
it stands*
35,000,000
20,000,000
30,000,000
$165,000,000
? We can only liken it to the
running out of water, for it cannot be ^gathered up, and
no man is wise
enough to more thanl speculate as to
where it is. The New York clearing-house banks do not
to any extent help us to account for it.
On January 1,
1879, they reported nearly 63 millions specie and legaltenders, and on the 27th of December they held less than
61 millions.
We had thought that perhaps the interior
banks would show increased holdings when the returns
were all made to the Comptroller, under his call of Dec.
12.
For the purpose of determining this point we sent
to Mr. Comptroller Knox for the figures, and he has
kindly supplied us with them, so far as they have been
received by him, and we give them below, comparing
THE CHRONICLE.
26
[Vol. XXX.
For the the basis of all commerce. We do not, of course, dis¬
States and Territories,” we are compelled to use the courage the use of every practicable precaution, but
statement of Oct. 2, 1879, as the one for Dec. 12 cannot only make the point that such precaution cannot ordi¬
narily go below the surface and acquire positive know¬
yet be prepared.
RESERVES OF THE NATIONAL BANKS JAN. 1 AND DEC. 12, 1879.
ledge. It would be physically impossible for every bank
to settle positively the question of genuineness about com¬
Total
United
States
and
Other Re¬
New York
Stales.
Territories.
Cities
City.
mercial paper in every instance ; to do so would involve
$
$
$
$
a change in the
whole method of business. We all
Specie, Dec. 12,1879... 49,493,110 14,049,276 11,474,961 75,017,347
7,654,877 17,708,554 29,628,096 54,991,527 accept, every business hour, paper instruments of ex¬
Legal tenders
735,000 11,360,000 change on faith, and if they were not so accepted they
U. S. certificates deposit 2,310,000 8,315,000
them with similar returns
of January 1, 1879.
“
*
•
serve
i
Amount reserve field.... 59,457,987 40,072,830 41,838,057 141,368,874
required. 54,881,638 27,260,200 15,419,246
97,561,084
18,161,093 11,760,521 11,578,143
Specie, Jan. 1,1879
16,351,562 21,811,373 32,374,428
Legal tenders
U. S. certificates deposit 18,695,000 {9,185,000 1,035,000
41,499,757
70,537,363
28,915,000
Am’nt reserve
could not be used at all.
Because
a
car-wheel- now-and"
of a flaw, we cannot go
along sounding the wjheels with a hammer before taking
seats in the train ; we must accept these matters on
Amount reserve held.... 53,207,655 42,756,894 44,987,571 140,952,120 trust, and expect that an occasional mishap is inevitable.
Am’nt reserve required. 46,011,118 23,496,840 13,807,826 83,315,784
How large a proportion of individual commercial ob¬
These figures are for October 2,1879, as stated above.
ligations, expressed on paper and negotiated for value,
These totals seem to show lawful money in all the is not met at
maturity would be hard to estimate, but
banks to just about the same amount in the aggregate would
any thoughtful man put it at above one-thou¬
at the two periods, though the nature of the funds has sandth of one
per cent ? The hasty conclusion, whenever
changed materially, gold in great part taking the place a loss becomes known and is such as to attract attention,
of legal tenders, and also of the certificates which that the
persons deceived must have been especially
covered legal tenders. There is, however, nothing in
careless, is as unjust as sweeping verdicts generally are
these returns which apparently offers much assistance in
solving the problem of the whereabouts of the above EUROPEAN COTTON CONSUMPTION AND
SURPLUS RECEIPTS.
mass of lawful money which has been poured into the
We are frequently receiving inquiries with regard to
channels of commerce during the year ; yet they do
suggest an inquiry which, followed up, will help us, we the apparent disappearance of the surplus in this year’s
think, to understand the real situation. But our over¬ receipts of cotton. Some writers almost every year—of
crowded columns compel us to defer to another week course only at the time when the crop is moving rapidly
—make much of this point. Their argument the present
further remarks upon this point.
season is, in substance, that Europe must be adding very
HASTY CONDEMNATION OF BANK OFFICERS.
largely to its consumption because, although our ports
The unexpected failure of the Grocers’ Bank in con¬
show say 450,000 bales increase in receipts, almost the
sequence of advances made to the Brooklyn Bridge whole of it is
gone, as is proved by the fact that the
contractor, Mr. J. L. Haigh, upon forged paper, as
visible supply gives the American in sight at only about
security, is another reminder of the common-sense wis¬
20,000 bales more than at this time last year. Such an
dom of a provision restricting a bank’s advances to any
as that, looks very plausible, in fact ;on the
one borrower to one-tenth of its paid-in capital.
The argument
outside appears quite complete and without possible
Glasgow institution, as was clearly pointed out at the
flaw, and of course catches innocent ones. The argu¬
time, was ruined by mismanagement made possible by ment is stated in a crisp kind of way in the following.
the absence of statutory restrictions'; the Grocers’ was
Mr. Editor :
-•
not amenable to such a restriction, but such a restric¬
You seem to be clever on cotton problems ; suppose you try
to figure a little on this :
tion, obeyed, would have saved it.
First premise—500,000 bales excess in receipts over last year
Yet the general condemnation visited upon the bank’s on a given day.
Second premise—Only 50,000 bales excess in visible supply on
officers, not confined to depositors-—whose bitterness is same
day.
Concluding inquiry —At such an increased rate in consumption
always more or less excusable—seems to us hasty. The
receiver is represented as having remarked that the man¬ how long will it take to absorb our whole crop be it even as
large as the largest estimate.
I should like to have your views on this point.
agement was “ all incompetence.” This is very sweep¬
B.
Yours,
ing—too much so to be just. It is easy to say—what is
It would seem hardly necessary to expose the fallacy
indisputably true—that the officers ought not to have
allowed this indebtedness to reach so large an amount, of such reasoning as the above, and yet we have received
but the circumstances are not known. Suppose that, so many inquiries on the same subject that a few words
after a moderate loan had been made, Mr. Haigh had in explanation may be useful.
In the first place the “ concluding inquiry ” assumes,
stated his present inability to meet it, but had urged
and apparently proved that a little more time and assist¬ without the least proof, that cotton which has for any
cause disappeared
has gone into consumption. One
ance would carry him through, thus presenting the case
should answer such a mere surmise as that, by asking for
as an alternative between positive loss immediately and
some additional risk in the expectation of retrieving the the evidence, since it is very easily demonstrated, so far as
it is a fact. For instance, if European spinners have manu¬
past ? Such an alternative—whether to lose a dollar
outright or to put another one at risk for the chance of factured this cotton, they must first have had it delivered
saving the first—is presented every day in trade, and is to them (the deliveries are matter of record), and second
probably more often answered by yielding further credit they must have spun it (spinning is a matter of time)—
than by refusing ~ it, so long as the case exhibits any the increase cannot be delivered to-day and spun to¬
encouragement. This man’s business certainly did, for morrow. You may be sure then that a man who uses
he owned factories, and was known to be filling heavy such an argument as the above, knows that the facts as
contracts.
His business reputation was generally good, to consumption are against 1pm, or he would present
them; for in that way he could plainly demonstrate his
and his failure was a surprise.
Nor is it a proof of carelessness when a bank is de¬ proposition, not be forced to assume it. Beware then of
ceived by forged paper. Confidence in one another is a speculation when its promoters are pushed into that
then breaks in consequence
*
.
.
January 10,
THE CHRONICLE.
ifc80 ]
27
have these and other
figures of Mr. Ellison’s cabled to u&>
each month as soon as issued, so that our readers can
ditch.
have them, and not the circulating fancies of the day, tc*
But, as we slid, there are simple facts as to European
base their opinions upon.
According to the above, we
takings and consumption which positively disprove the
have
bales,
of
lbs.
101,000
400
each, as the weekly con¬
above assumption.
And here let us stop just to add
that if the public would pass over with entire neglect sumption for the two months, but 106,000 bales of the
the whole mass ofu arguments and estimates with regard same weight as the weekly consumption of November. In
kind of
reasoning—it has much the appearance of a last
connection with the increase in November in Great
Britain*,
spinning based on the conditions of former years (so
we must not omit to notice one sentence (taken from the
many of which are in circulation to-day), there would
be far less danger of their being misled.
One must same circular) as perhaps explaining the cause of the
increase, and possibly warranting the opinion that it will
use the figures and peculiarities of this year as a basis
for drawing conclusions, none other are safe.
Messrs not be continued later on. The sentence is (in circular
Ellison & Co. brought the returns down to Dec. 1st in of December 10, under head of “Manchester Market”,)
their last circular. At that time spinners’ takings of as follows : “A large part of the business has been
exceptional, anticipatory and speculative; purchases
American cotton since Oct. 1 had been as follows:
for Germany have been
Since October 1.
temporarily increased, in
1878. y. “order toescapethe new duties which come into opera
Takings of Spinners in—
1879.
tion on the first of January, while buyers for other
.bales.
332,670
333,320*
Great Britain.
.bales
markets have given out large orders in anticipation of
158,760
157,290
Continent
a further rise in the price of cotton.”
.bales.
490,610
493,430
Total..
Now, if we add
to this the Manchester market reports since that date, as
We give this statement simply to show that there is
given in the Manchester Guardian and Liverpool Post, we
no warrant for the
conclusion that because cotton has
shall find a very discouraging state of things seemingly,
temporarily disappeared, it has gone into consumption not at all looking to or warranting any increas'T'in con¬
in Europe. On the first of December the excess of
sumption. The substance of these reports is that the
receipts was about 400,000 bales, while the American
special demand for Germany has closed; that the Japan
visible supply showed only about 100,000 bales excess,
and China markets are both at the moment surfeited
to
“
“
“
“
“
i
and yet European spinners had taken only 3,000 bales
more than for the same time in 1878; and of
course as
with
goods; that Calcutta has up to this time shown no
activity, and that Bombay is about the only"gSpd ci
This is the apparent condition in England./On
tomer.
the Continent less is publicly reported, but it will be
they had not taken the excess, they could not have
spun it.
The truth is that when cotton is moving
rapidly, much of it goes out of sight temporarily, and noticed from Mr. Ellison’s circular that he reduced
some of it cannot be accounted for until later.
Say, for
consumption there 1,000 bales per week in November,
instance, a shipment to New York from Galveston, New and even with that reduced
consumption spinners were
Orleans or Mobile—it is deducted from stock at those
left without any surplus.
If one places this fact (no
ports when shipped, but does not get into stock here
surplus stock in the hands of spinners December ]) in
until perhaps after the weekly statement is made up; the
connection with the further facts (1) that stocks of cotton
greater the shipments, of course the larger is the dis¬ in all Continental
ports are reduced to nearly nothing
crepancy. In this way, and in the increased holdings of
(being altogether only 75,000 bales last week, of which
American spinners, and in the deficient visible supply
a paltry 25,000 bales
were American,) and (2) that, not¬
October 1st (117,000 bales) which had to be made good,
withstanding these reduced stocks, the Continent has not
we can account for nearly all the excess at the ports of
hitherto bought, either here or at Liverpool, as much as
the present crop. But it would be impossible at this
they did last year,—how can we reach any other conclusion
season of any year (while cotton is in active movement)
than that they expect to use less ? This opinion, too, is
to be able to put one’s finger upon every bale of the
in keeping with the supposition—which seems to us very
receipts. This impossibility however is, as we have clearly natural—that with short crops almost universal on the
seen, no argument, or basis for an argument, that consump¬ Continent and
high prices for breadstuffs, decreased use
tion is being increased; it has rightfully nothing whatever
would be found there for cotton.
to do with that question, for there is another simple,
But waiving all these adverse conditions, let ns
obvious way of measuring that, with great exactness.
grant, for many expect it, an improved state of
While we are on this subject it will be wise to go a
affairs, which will call for say even an average of
step further and present briefly the existing status of
110,000 bales of 400 lbs. per week for the entire
European consumption. We cannot keep the actual
year. We cannot see how consumption possibly can
facts too carefully before us. According to Mr. Ellison
reach that point, except very temporarily, unless at low
the following have been the totals down to the first of
prices for cotton. And yet speculation, which extends
December. In this summary we have stated each month
to goods as well as to cotton, can for a time greatly
separately and then the totals for the two months.
stimulate spinning; so it would not surprise us to see
Pounds.
Consumption in
5 weeks.
Continent, October, 4 weeks .....
Great Britain, October,
Total October
November, 4 w’ks.
Continent, November, 4*2 weeks.
Great Britain,
Bales
Bales per
of 400 lbs.
week,
each.
400 lbs.
100,000,000
75,200,000
250,000
188,000
50,000
47,000
175,200,000
438,000
97,000
96,000,000
82,900,000
240,000
207,250
60,000
46,000
month or two.
such exceptional' movement must finally react
very disastrously, for legitimate trade in the end cannot
fail to limit production. Even, however, at 110,000
bales per week of 400 lbs. each, with the supply as given
by us (page 577) on the 6th of December (and there
that
or even a
greater rate
reported for
a
But any
seems reason
to
raise
our
statement of supply now
rather
it), there would still be left 500,000 bales
54,444 of 400 lbs. to add to stock the first of next October.
490,000
Gt. Britain, Oct. and Nov., 9 wks.
196,000,000
46,500
395,250
158,000,000
Can either the goods or cotton trade benefit by a
Continent, Oct. andNov., S^wks.
100,944
885,250
354,000,000
Total October and November
speculation which would end in that result ? Let our
We have now made arrangements by which we shall next crop begin to come in under such circumstances (a
178,900,000
Total November
.
447,250
106,000
than lower
28
THE CHRONICLE.
[Vol. XXX
planted under the stimulus of present rates), her favor of $261,000,000 for the fiscal year ending June
prices would planters realize for it ? Or let 30, 1878. But during all this period, and up to the first
summer and fall goods made on such a basis be thrown
of July, 1879, the liquidation of debts was
taking place
on the market with cotton lower and
falling, how profit¬ on such an immense scale that the favorable balances were
able would the trade prove?
Let us consider well absorbed; there was no considerable import of specie from
these questions, before we all conclude to join in and foreign countries, because bonds were sent back in
pay¬
continue the present speculation.
ment of balances; there had
bqgn no material recovery
in prices nor marked activity in commercial business
up to
that date.
About the first of July, 1879,
pig-iron was
RETROSPECT OF 1879.
crop, too,
and what
In
reviewing the
year 1873, we remarked that at its
close there was a fairer prospect for
coming prosperity
than there had been at the close of
any year since the
panic of 1873.
The
quoted at $18 50, red winter wheat at $1 18, mixed western
at 42c., pork at $10
25, cotton at 12£c., and raw sugar
at 6£c.
But following the resumption of specie pay¬
ments, which inspired confidence on all sides, and after the
corn
of business affairs during 1879 last of • the United States called bonds
matured,
opinion expressed, as above, was fully on the 21st of July, 1879, and when the out-turn of
warranted, and the history of commerce and finance pre¬ the harvest was pretty well
ascertained, the whole scene
sents few examples of a
recovery so sharp, so decided, and changed: gold began to pour into the
country, business
of such extended influence, as that which took
place in the increased with wonderful rapidity, prices of stocks, bonds
United States in the year just completed.
The leading and merchandise advanced by jumps, and the whole field
events were so important in character, and of such con¬ of
commercial and financial transactions was marked
by a,
trolling influence, that a mere enumeration of them in the great rebound from former depression, which will be
order of their occurrence forms in itself a
pointed history of remembered by the term applied in the forcible
slang of
the year.
The resumption of specie payments on January the period, as the great “boom” of the Fall of 1879. In
1; the negotiation of $540,000,000 of U. S. four per cent 1877 the
country appeared as an insolvent debtor weighed
bonds, mostly at home; an excess of exports over imports down with a great burden of
unpaid obligations; in
of $270,000,000 in the fiscal
year ending June 30; a net October, 1879, it appeared as the same
party with every
import of gold amounting to $78,000,000 in five months matured obligation paid up in full, and with abundant
from August 1; and crops estimated at
448,755,000 bush¬ capital in hand, rousing himself to engage in a new career
els wheat, 1,544,899,000 bushels corn, and
5,500,000 bales of industrial prosperity.
of cotton—these were the
The resumption of specie
great events of the year 1879,
payments was accomplished
which gave rise to those extraordinary movements in com¬ with entire
success by the United States Government on
course
,
has shown that the
mercial and financial affairs which became the
subject of
congratulation among business men
in this country and abroad.
The phases of the year to which public attention was
more particularly directed, such as the
large decrease in
mercantile failures, the great advance in
prices of stocks
and merchandise, the remarkable increase in business
activity, the improvement in railroad earnings, and the
general buoyancy in fact and in feeling, all came as natural
results from the primary causes referred to
above; they
were, in fact, logical sequences which necessarily followed
those causes with almost inevitable
certainty. The ques¬
tion has often been a§ked
why the recuperation from the
universal interest and
financial crisis of 1873 did not
and why it should have taken six
-
at an
earlier
the first of
January, 1879—the date previously fixed by
premium on gold had vanished on the 17th of
December, 1878, and from that date gold and United /
States legal tender notes were on a par.
At the date of ^
resumption there were $346,681,016 of legal tender notes
outstanding and the Treasury then held $224,865,477 in coin, against which there were $24,076,830 of gold and
silver certificates outstanding, $21,713,700 of called bonds
not presented, and $4,624,257 of other coin
liabilities,
leaving $174,450,690 as the reserve of gold and silver on
which resumption was based. • At the same date the
law.
The
national
banks
of the
United States held specie to the
amount of $41,500,314.
There was no drain of specie
date, during the year, and the large imports of foreign gold in
years for a country of the last five months, together with the domestic
pr6duction
such boundless resources to regain its
equilibrium, after a of over $70,000,000 in gold and silver by the mines,
disturbance which appeared at the time to be little increased the stock of coin
and bullion in the
country to
more
than
a
temporary re-action from the effects the amount of about $150,000,000.
of excessive railroad building
The negotiation of four per cent bonds
and
other
expen¬
by Secretary
diture in the shape of fixed capital.
The answer Sherman, for the payment of the outstanding five-twenties
to this
inquiry is found mainly in the fact that and ten-forties,.was at once the most remarkable and most
there has been an utter misapprehension as to the real successful financial
operation the country had ever wit¬
character of the crisis of 1873; it was not
nessed.
Four
merely a rail¬
per cent was a rate of interest so low as to
road panic, and the collapse of the
prominent railroad have been considered almost out of the question in the
enterprises was but a mark of the disaster, as the disap United States, and although the
popular subscriptions to
pearance of a ship’s masts is but an indication of the these bonds had been
freely made in July and August,
disaster which is happening to the sinking
ship itself. The 1878, they had afterward fallen off until after the elections.
panic of 1873 will pass into history rather as the paper- But after the resumption of
specie payments the popular
money panic than the railroad panic; and as the disease
subscriptions to the four per cent bonds swelled rapidly,
had been of nearly twelve years’
growth, from the sus¬ and, between the sales direct to the people and through
pension of specie payments in January, 1862, and the syndicates of bankers,
Secretary Sherman placed all the
issue of greenbacks afterward, so the
recovery took six bonds necessary to redeem $310,614,000 of the fiveyears for its completion from the culmination of the panic twenties of
1867, $37,465,300 of the five-twenties of 1868,
on the 18th of
September, 1873. The large crops of 1877 and $194,566,300 of the ten-forties. The last of these
furnished the real starting point for the
improvement in bonds called in matured on the 21st of July.
business interests, and this was followed
The large import of gold into the United States
by another abun¬
began
dant harvest in 1878, which made the United States a
almost immediately after the last of the called bonds
heavy exporter of domestic products, with a balance in matured. The $184,566,300 embraced in the last two calls
come
January 10,
fell
due
THE
1*80.]
4
CHRONICLE
29
BANK MOVEMENTS.
July 18 and 21, and the inflow of specie
The bank movements of the
year were such as might have
began in August, the total amount of gold and silver
been anticipated from the general course of business.
There
received at New York being $6,712,520 in August,
was an increase in national bank circulation
amounting to
$27,599,847 in September, $19,564,197 in October, $26,597,870, and as $7,039,557 of
currency was retired, the net
$17,614,909 in November, and $6,750,589 in December, increase was $19,558,313* A large increase was made in the
or a total of $78,242,062 for those five
months, and $84,- item of loans and discounts and deposits, and a great change
176,764 for the year, against an export for the year of in the relative amount of specie and legal tenders held as
on
$14,454,343.
It
will
probably never be realized to the ‘ full
the
greatly the return to prosperity and the Clearing-House banks of New York City may be seen in the
resumption of specie payments in the United States were table below. It appears that the loans and discounts increased
facilitated by the three successive
large crops of 1877, from $234,250,000 in January, 1879, to $276,706,200 in January,
1878 and 1879.
For the two years last named, the fol¬ 18S0, and the total reserve, including specie and legal tenders,*
decreased only about $2,000,000 ; but the deposits so
largely
lowing estimate of the Agricultural Department at Wash¬ increased that
the surplus reserve over 25 per cent of
deposits
ington, of. the quantity and value of leading products, was
only $483,825 at the opening of 1880, against $11,275,550 in
extent
i&Wr'v.’f-
The returns of all national banks in the United States
to the close of December, 1879, has not been
reported at the
date of writing, but the changes in the statements of
reserve.
•
how
is of much interest:
January, 1879.
1878.
Crops.
Product.
Value.
...
“
“
Buckwh’t. “
Cotton., bales
Tobacco, .lbs.
Hay.... tons.
Potatoes, bus.
326,346,424
448,755,000
441,153,405 1,544,899,000
101,945,830 364,253,000
13,592,826
23,646,500
24,483,315
40,184,200
6,454,120
13,145,650
193,854,641
5,020,387
22,137,428 384,059,659
285,543,752
35,618,000
73,059,125 181,360,000
25,842,790
42,245,630
12,246,820
5,216,603
392,546,700
39,608,296
*■
124,126,650
Total.
Froduct.
$
Wheat., bush.
420,122,400
Corn
“ 1,388,218,750
Oats
“
413,578,56
Rye
Barley
18
1,488,570,866
79*
Value.
over
$27,000,000, while legal
January,
1880.
$
499,008,000
580,259,000
120,855,000
15,505,000
23,625,300
7,860,488
231,000,000
21,545,591
325,851,280
78,971,000
Loans and
discounts.
January
...
Circulat’n.
Specie.
Legal
tenders.
18,365,000J
19,635,500 193,121,70< 31,815,800
October.... 266,364,300 20,149,100
Jan. 1, ’80. 276,706,200 18,2-2,100
23,718.600 242,087,100 12,723,500
April
July
235,836,6001
257,082,50u 19,889,600 20,542,900 236,007,300 49.544.600
21,932,400 231,920,700 38,093,500
THE MONEY
For five years,
money market
with call loans
midsummer, just as
were
quietly
(Net
deposits.
$
$
$
$
$
234,250,000 20,986,201 19,848,800 206,173,000 41.832.600
1,904.480,G59
The last of the Government bonds had been called in
and the imports of gold commenced in
MARKET.
from 1874 to 1878
showed
a course of
inclusive, our record of the
almost uninterrupted ease,
ruling for a great part of the time at 1@4 per
cent, a rate quite remarkable in this country. But with the
increase of business in 1879 came a renewal of the
activity in
money, and during the later months of the year we find stock¬
the results of the harvests at home and abroad
developing.
Specie increased
tenders decreased about $29,000,000. The
following were the
totals of the New York City Clearing-House banks about the
first of each quarter in the year 1879 and at the first of
And then it became known with greater cer¬
tainty each Week that the crops in the United States were
brokers often paying plump 7
the largest ever raised, and that the
per cent, with the addition of
crops in England and
1-32 to % per cent a day as a commission. The
on
the Continent were to be classed
great changes
among the worst incident to the bond
negotiations,
in
the
first
seven months of
on record.
This gave an impetus to the
prices of merchan¬ the year, in which enormous amounts sometimes fell due on
dise and all classes of securities, and
under the general a single day, were most skilfully managed, so that there
situation of affairs the buoyancy,
activity and wild specu¬ was not a ripple of disturbance to the money market.
The bank
reserves
lation which took place: in
declined in November and December
September and October at the to
about the legal limit of 25 per cent of the
Stock Exchange, the Produce and Cotton
deposits, but this
Exchanges, and apparent decrease in the reserves was, in
fact, merely a large
3n the markets for
imported merchandise, has never been increase in the
deposits in consequence of an extension in loans
equaled at any period when the country was on a specie and discounts. The addition of national bank
currency in the
$12,000,000, and the
The following summary
shows the condition of the imports of specie added about $75,000,000 in the same period
to our stock of coin, and yet, in the face of these additions to
New York Clearing-House
the
banks, the premium on gold,
money resources, the active demand for money caused a market
rate of foreign
exchange, and prices of leading securities in New York which was often 7
per cent and 1-32 to 1-16 per
and articles of
merchandise, on or about the first of cent a day commission.
January in each year, from 1878 to 1880, inclusive :
The following table will show the
range for call loans and for
STATISTICAL SUMMARY ON OR ABOUT JANUARY
prime
commercial
paper in each week of the year :
1. 1878 TO 1880.
basis.
last five months of the year was about
i
1880. '
1879.
“
276,706,200 234,250,000 239,256,400
48,282,100
20,986,200
25,207,500
23,748,600 19,848,800 19,787,100
242,087,100 206,173,000 201,981,500
12,723,500
41,832,600 34,612,000
483,825
11,275,550
9,324,125
Net deposits....
Legal tenders..
Money, Gold, Exchange—
Call loans
4 @7
63)6&ie4Com
7-34 p. d.
Prime paper
5*2<b6
4*2@5
55>6*2
Gold
100
100
102 7a
Silver in London, per oz
527i6 *
49*2
54
Prime sterling bills, 60 days.. 4 80%-4 81*2 4 822)4
82*2 4 822>4 82*2
United States Bonds—
6s, 1881, coupon..:
104*4 •
10630
1065s
6s, currency, 1898.
122
119*2
118*2
5s, 1881. coupon
10338
107
105*4
4*s»s, 1891, coupon
4s of 1907, coupon
1063s
New York Central & ITud. Riv.
Erie (N. Y. L. E. & W.)
Lake Shore & Mich. Southern.
129*2
43*4
100*4
114*e
90
149
73%
120*4
80*2
50%
37*8
43*4
33*2
103
Jlailroad Stocks—
Michigan Central
Chicago Rock Island & Pacific
Illinois Central
99*2
Delaware Lack. & Western
Central of New Jersey
Merchandise—
Cotton.
91
com.
com.
...
75^8
•
84
80*2
101%
99*2
103*4
101%
227e
69
Middl’g Uplands. $ lb.
129,6
»7ie
11516
Wool, American XX
442)53
$ E>.
302)36
332>47
Iron, Amer. pig, No. l..$ ton. 33 0U2>35 00 16 502)18 00 .8 002>19 0<
Wheat, No. 2 spring.. .$ bush. 146^1 48
962/98
1 30®! 33
Corn, Western mixed.. $ bush.
60 o)63
:
442>48
552)63
Pork, mess
$ bbl. 12 75 a>13 00 7 10@7 20
Prime
Call Loans.
Paper.
1878.
Jan.
ity
Loans and cfisco
Specie
Circulation
Chicago & Northwestern,
Chicago Milw. & St. Paul,
W’keud’g
Friday.
“
3.. 4
10. 2
17.. 2
“
3>6
'a> 4
4*22)5*2
2)5*2
4
2)3*2
2)5
3 *2® 4*2
4
24.. 1 *22)3
31.. 1*223
Feb.
7.. 2
23
“
“
14..
21..
28..
Melt. 7.
“
14..
“
21..
“
28..
“
“
April 4..
“
11..
“
18..
“
25..
May
“
2..
9..
16..
“
23..
“
30..
June 6..
“
13..
“
« 20..
“
27..
“
July
4..
3*22)4
3
3
3
1*227
1*224
1*224
2
2
3
5
4
4
3
3
2
2
2
2)4*2
2)4*2
2)4*2
3*22^4*2
.
2>5
4 2-5
25
4 25
27
4*2 2>6
2)7 & I30 p.d.
6
2)7
6 2)7
@7
*
6 2)7
2)5
5
2)5*2
2)5
4 2)5
2)4
4 2)5
4 2)5 2)4
2)7
4 2)5
4 2)4*2
2*22)4
2
2)7
1
@5
•
2*22)6
2
2
2
2)1
2)4
2)4
2*2 0)6
3*225
3*2 0)5
4
2)5
3*22)4*2
3*2
FOREIGN
The inevitable
of
W’k
eud’g
Friday.
July 11..
Call Loaus.
2
“
2)4
18.. 2- *223*2
“
25.. 1*2 0)3
Aug. 1.. 1*22/3
“
8..
15..
22..
29
2
3
4
Prime
Paper.
3*224
3*<> 2)4*2
3 2)4*a
3 2)4*2
2)5
4 2>5*a
2)7 & *ift p. d„ 5 26
2)7
5 2)6
“
4 2)7 & *3,> p. d. 6 2>7
5
2/G
Sept.
5..
5*22)6
“
12.. 5 2)6
5 2)6*2
“
19.. 1 2)6
5 2)6*2
“
26.. 5
2)7
5 ®6*a
Oct.
3.. 6 2)7 &
p. d. 5*22)6*2
“
10.. 1 2)7
5 2>6*a
“
17.. 5 2)7 & *4 p. d. 5 2)7
“
24.. 5
2)7 <fc *4 p. d. 5*2®6*a
“
31.. 5 2)7 <fc *4 p. d. 5*226*2
Nov. 7.. 6 27 A 38 p. d. 6 2)7
“
14.. > 2)7 & *8 p. d 6 26*3
««
21
1
2)7 & 38 p. d. 6 2>6*a
“
28.. A 2)7
5*22)6*2
Dec. 5.. 1 2)7
5*22»6*2
“
12.
1= (o7
n5*226*3
“
*
19.. A 2)7
5 *2® 6
“
26.. A 2)7 & *32 P- d. 5*22)6*2
“
31.. 5 2)7 &
p. d. 5*226*2
“
“
.
EXCHANGE.
foreign exchange in the latter part
is well shown in the remarks above as to the trade
balance and imports of specie. During the early part of the
year the rates for sterling bills were made firm by the heavy
return of bonds from abroad; and in March,
April, May and
June, demand sterling biHs were often held by brokers at 4*89^
of the year
course
30
THE
CHRONICLE.
fVoL. XXX.
@4*90, and there was apprehension that specie would be exported
The range in prices for the
year 1879 and the amount of
to a considerable amount. There was no
each
class of bonds
large export of specie,
outstanding January 1, 1880, were as foL
however, and in the latter part of July, after the last call for lows:
bonds had matured, rates of exchange fell off rapidly to
a point
which admitted of the imports of specie, and so remained
Range for year 1879.
Amount Jan. 1,1880.
throughout the
The exports of produce were immense
in the Autumn, but imports of merchandise also increased
heavily, and in the later months of the year the smaller balance in
Lowest.
year.
favor of the United States
was a
feature of the trade movement.
UNITED STATES BONDS.
*
The
changes in United States bonds played so important a
part in the financial transactions of the year that' they are
referred to at
length in the general remarks above. All
calculations as to the probable time in which the old bonds
could be retired were set at naught
by the rapidity with which
subscriptions to the 4 per cent bonds were made early in the
year. For the purpose of placing soule of the new bonds
abroad, to compensate for the called bonds returning, Secretary
Sherman made a contract with a syndicate of bankers on the
21st of January, under which
$15,000,000 of 4 per cents were
placed in London. The final transactions of the funding opera¬
tions are described in the report of
Secretary Sherman as
some
follows:
“
On the morning of April 4 the amount of
outstanding five-twenties
not covered by subscriptions to the 4
per cents was $59,565,700. Before
the close of business on that
day subscriptions were received sufficient
to refund the remaining
five-twenties, and,
accordance with
in
previous
notice, the offer of January 1 was rescinded. Additional
subscriptions
were received and
rejected,
amounting to $60,919,800.
“
The refunding of the five-twenties
having been accomplished—and
no other six per cent bonds
being redeemable—on April 16 $150,000,000
of the four per cent bonds were offered at a
premium of one-half of one
per cent, the proceeds to be applied to the
redemption of the five per
cent bonds issued under the act of March
3, 1864, known as ten-forties,
reserving the residue, $44,566,300, necessary for the redemption of the
entire loan, for the conversion of
refunding certificates offered at the
same time.
The four per cent bonds were also offered in
exchange for
any outstanding uncalled
ten-forty; bonds.
“
On the following day subscriptions
amounting to $149,389,650 were
received and accepted, and $34,755,000 received and
declined, and the
offers of the four per cent bonds were withdrawn. One
subscription for
540,000,000
and declined, the eviwas also
received
thecertificates
purposeof
law authorizing
ofthe
the issue
of these certificates being
ent
to cause, as far as practicable, a distribution of the
public debt among
the people. Exchanges were also made in the amount of
“
$2.0S9,500.
On April 21 a call was made for the remainder of
the ten-forty bonds,
and on the 23d a call was made for
$260,000 loan of 1858, thus com¬
pleting the redemption of
interest at five per cent.”
The issue of $10
all outstanding redeemable bonds bearing
.
j.
refunding certificates to the extent of $40,-
012,750, convertible into 4 per cent bonds at par, was not at all
placing these in the hands of the people as a
popular Government bond. As soon as the 4 per cents were at
& premium the certificates were
rapidly taken up by specu¬
successful in
lators in order to realize the difference.
cent
bonds were all sold there
was
for a time in their market
After
the
4
per
Highest.
6s, 1880-1..cp. 103*4 Aug. 29 107 ®8 June
5s, 1881
cp. 10178 Aug. 27 107*2 Jan.
4*28, 1891..cp. 104 Mch. 21 108 May
4s, 1907....cp. 99 Apr. 1 1044j. Dec.
6s, cur’ncy.reg. 119*2 Jan.
4 128
May
Registered.
23
15
Coupon.
$200,119,550
30
2S6,987,750
167,981,900
492,645,450
31
64,623,512
21
$72,459,700
221,452,600
82,018,100
245,845,100
RAILROAD AND MISCELLANEOUS STOCKS.
As the panic of 1873 first struck the railroads and
brought
disaster to the holders of their securities, so the
recovery -from
the great depression following that crisis was first shown in the
railroad finances.
For five years the painful
process of fore¬
settlement and reorganization, was
closure,
steadily going
greatly assisted by
the heavy tonnage arising from the
large crops, until at length,
in 1879, the idea dawned upon
investors, speculators and capi¬
talists, that the railroads were not really the worthless prop¬
erties thftt they had seemed to be. Then there was a rush
to purchase low-priced stocks and
bonds, such as had never
been seen before, and the advance in prices
was marvellous.
One of the leading events of the
year was the Gould and Fiejd
combination announced in April, by which the St. Louis Kansas
City & Northern and the Wabash railways were to be consoli¬
dated as one line from Omaha to Toledo. Mr. Gould
already
had the control of Union Pacific and Kansas
Pacific, and
purchased afterward a control in the Missouri Pacific and
Denver & Rio Grande, together with a number of minor
roads,
and in these heavy investments of
capital he changed his posi¬
tion from that of a stock operator to that of a
leading railroad
capitalist and manager. In the first half of the year the great¬
est activity at the Stock
Exchange was in January, April and
May, but after the middle of July, with the prospect of very
heavy crops, there was another bound in- prices, which went on
with few interruptions until the
sharp break in prices which
culminated on November 21. In October and
early in Novem¬
ber the excitement was intense, and the transactions at the
Stock Exchange were so large that it was
quite impossible to
report all the sales. After the heavy decline just referred to, in
which many small speculators were
crippled, the market showed
no great animation
during the balance of the year,
on,
and in 1877 and 1878 the railroads
A transaction which excited
were
less interest than the St. Louis
Wabash & Pacific consolidation was the sale by Mr. William H.
no
slight decline Vanderbilt, in November, of 250,000 shares of New York Central
price, but this was of short & Hudson stock at 120 to a syndicate composed of Messrs. J. S.
duration, and in the latter part of the year the bonds were very Morgan & Co., of London, Jay Gould and others.
strong, and in demand both in London and at home. One of
The Western Union Telegraph declared a scrip dividend of 17
the first bills proposed after the
meeting of Congress was that per cent in June, and by the end of the year the new American
of Mr. Fernando Wood to issue the next
funding bonds at 3/£ Union Telegraph, under the control of Mr. Jay Gould, had made
per cent.
much progress in establishing its lines.
COURSE
OF PRICES
a
OF
GOVERNMENT SECURITIES FOR
[Compiled from sales made at the New
/
68,
1881.
January—
Opening..
Highest....
..
.
.
Lowest
.
Closing
.
—Coupon Bonds.
5-20::,
5s,
1867. 1868. 10-40s. 1881.
.
10638X10230
10G78
106*4
10230
10134
10630
102
10434
10434
10234
10330
10830
10830
10430
105
.6 s, cur. >
4*28,
4s,
1891.
1907.
107
10470
107*2
106*4
104%
106*4
10578
106*4
10630
.
....
106 34
.
Lowest
.
Closing
.
10578
106 34
102*4
102*4
102*2
105
102
102
102*2
102*8
10278
10530
104%
10434
78
x99*2 •119*2
100
121*8
9930 119*2
100
121*8
July—
Opening
Highest
Lowest
.
106*4
100
12078
10478
104*4
10434
10630
100*8
122
August—
Opening.
Highest
106
100
12078
Lowest
10630
100*8
122
Closing
5-20s.
5s,
1867.
1868. 10-40S. 1881.
v
.
6s,
4*23,
4s,
cur..
1891.
1907.
1898.'
10430
10334
104*4
10350
10470
10578
104*8
106*4
1023a
101%
102*8
xl02%
102%
10170
102*4
106*4
106*4
102
.
Closing....
1879.
Coupon Bonds.
,
/xlO450
10478
....
....
x10478
106*8x1017q
106*2
.
....
.
Lowest
.
Closing
.
April •
Opening....
Highest....
.
.
.
.
May—
Opening
10650
106^0
10534
10630
102*4
102*4
102*2X102*8
102*4
102*2
10230
10230
......
......
102
102*4
101*4
102
10450x105*4
10450 105*4
10378 104
10430 10450
100*8
100*8
99*8
99 70
10434
105*8
104*2
10450
10470
x99
106 34
10134
10478
106 34
99
122
122
12130
12130
10630
106 34
10570
1063s
......
......
......
......
102
102
101*4
101*4
10134
121*2
124*2
1*21*2
124*2
S
.
Highest....
.
Lowest
106*2
M07*2
106 *2
•Closing
-
10434
104%
104*8
.
...
.
....
.
10430
.
105
10530
102
10050
101*8
September
Opening
Highest....
_
.
....
.
Lowest
.
Closing
.
10430
.....
105
10430
102*4x10430
101*8
103
102%
103
10534
10430
105%
102%
103*2
102 a4
10338
105*4X10150
10578 10230
105*4 10150
105% 102*8
123
1063s
107*4
106*8
107*4
124*3
102*4
105
107
......
......
......
......
107*2
104
10776
103*2
107
10378
10750
1017b
103*2
10178
103*4
124*4
125*2
124*8
125*2
Opening.
Highest
.
...
....
.
Lowest.
.
Closing....
.
.
105
105*2
105
105*4
101*8
10234
dosing
.
.
.
.
107*2
10750
10730
10750
......
......
......
......
......
......
......
......
10334xl06*2
10334 106*2
10350' 105%
10334 106*4
1027gxl23*2
103
123*s
102*2 123
10278 123
323
123
123
November-
Opening....
Highest
.
....
.
Lowest
.
Closing
.
105*4
10650
X1O230
105*4
102
10230
1O570
December—
Opening....
Lowest
123*4
123*4
123*4
123*4
*
102*2
102*4
10350
102*4
10350
—
....
12258
123*8
-
October—
.
Lowest
Highest
123
124
'
-
Opening....
Highest
June
1881.
reg.
March—
Closing....
6s,
'
YEAR
ExcliaDge.]
,
1898,
FebruaryOpening....
Highest
York Stock
THE
Opening....
Highest
..
Lowest
Closing
..
.
.
.
.
125
124
124*4
*
106*4
107*8
106*4
107*8
J.
......
102*2X10530
10330 10638
102*2 10530
1033q 10630
103
xl21*4
104*4
122
103
104
121*4
122
1322907143015... 4885065**14.4.89
January 10,
/
'
THE CHRONICLE.
1880.]
QUOTATIONS OF STERLING EXCHANGE FOR EVERT DAY
of
January.
Mo 60 d. Sight.
1
Holiday.
2
"4 82 4.87*3
5
0
7
4 82*3
" "4.83
February.
60 d. Sight.
4.85*3 4.88*3
March.
4.86
4.88
4.86
4.88%
4.84
...
S.
4.89*4
25
20
4.89
4.89
...4.86
4.89
S.
...
4.88*4
4.88*|
4.88*4
4.85*4 4.88*4
4.87
4.87
4.89
4.89
4.87
4.90
4.87
4.89
4.80
.
4.90
4.87
4.90
4.89*4
4.87*4 4.90
4.87*4 4.90
S.
4.87*4 4.90
4.87 4.89*4
4.87
4.89*4
4.87
4.89
4.89*4
4.89*|
4.87
Hoftday.
4.87
.
S.
4.80
4.89
4.86
4.89
4.89*4
S.
4.80
S.
4.89
S.
4.88
4.88
4.88
August.
September.
S.
4.86*44.69
4.88
4.90
4.89*4 4.88
4.89*4 4.88
4.89*4 4.88
4.90
4.90
4.88*4 4.90
4.88*4 4.90
4.88*4 4.90
4.38*3
4.80*3 4.88*3
4.80*3 4.88*3
Holiday.
Holiday.
4.85
4.85
4.82
4.82
S.
4.83
4.83
S.
4.82
4.82
4.85
4.85
4.85
4.85
4.85
4.83
4.84
4.84
4.84
S.
4.82
4.82
4.82
4.84
4.84
S.
4.84
4.84
4.84
4.84
4.82
4.82
4.85
S.
4.84
4.84
4.84
4.84
4.84
4.84
4.80*3
4.80*3
4.80*3
4.80*3
4.80*3
S.
4.84*4 4.82 4.84
4.82
4.84'
4.82
4.84*4
S.
4.84
4.86*4 4.88*4
4.84*4 4.82 4.84
4.82
4.84
4.86*4 4.88*4
4.84*4 4.82*44.84*4 4.81*4 4.83*3
4.86*4 4.88*4
».
4.82*4 4.84*4 4.81*3 4.83*3
4.80
4.88
4.82*4 4.84*4 4.82*4 4.84*4
4.86
4.88
4.82*4 4.84*4 4.82*4 4.84*4
S.
4.82*4 4.84*4 4.82*4 4.84*4 4.81*3 4.83*3
4.85*4 4.87*4 4.82*4 4.84*4
S.
4.81*3 4.83*3
4.85
4.87
4.84*4 4.84*4 4.82 4.84
4.81*3 4.83*3
4.85
4.87
4.82*44.84*4 4.82 4.84
4.81*3 4.83*3
4.85 4.87
S.
4.82
4.84
4.81** 4.83*3
4.81
4.81
4.81*^4.83*3
4.81
4.81
4.86*4 4.88*4
4.85
4.87
4.85
4.87
S.
4.82
4.82
4.82
4.84
4.84
4.84
4.82
4.82
4.84
4.84
4.82 4.84
S.
4.82 4.84
4.83*3 4.82*3 4.85
4.83*3 4.82*3 4.85
4.83*3 4.82*3 4.85
4.83*3 4.82*34.85
4.83*3
4.81*3 4.84
4.80*^4.83*3
4.81
4.81*|4.83*3
4.90
60 d.
Sight.
4.81*3 4.84
4.81*3 4.84
4.81*3 4.83*3 4.82 4.84*4
Elec. day.
4.82
4.84*3
4.81*3 4.83*3 4.83 4.85*3
4.80*3 4.83*3 4.83 4.85*3.
S.
4.80*3 4.83*3
4.80*| 4.83*| 4.83 4.8!%
4.82*3 4.85
4.84
4.82
4.82
4.82
4.82
4.82
December.
Sight.
4.81*^4.83*3
4.84
S.
4.82
4.84
4.84
4.82*4
4.82*4
4.82*4
4.82*4
November.
60 d.
4.82*4 4.84*4
4.84
4.82
4.82
4.82
4.86*4 4.88*4
4.86*4 4.88*4 4.83 4.85
4.82
4.86*44.88*4 4.82*44.84*4 4.82
-
4.87*4 4.89*4
4.87*4 4.89*4
S.
4.83
4.83
4.80*4 4.88*4 4.83
4.86*4 4.88*4 4.83
4.86*4 4.88*4 4.83
S.
4.88
4.90
....
4.87*4 4.90
4.85*4 4.88
4.82
4.84
4.84
4.84
4.82
4.82
4.82
4.82
4.81*3 4.84*3
4.81*3 4.84*3
4.84*4
4.84*3
4.85
4.85
4.85
S.
4.82
4.82
4.82
4.81*|4.84*3
4.81*3 4.84*3
4.84*3
4.84*3
4.84*3
4.84
4.84
[Compiled from prices bid at the New York Stock Exchange
Fbbr’rt. MARCH.
4.81*^4.84
....
COURSE OF PRICES OF STATE SECURITIES DURING
JANUARY
October.
60 d. Sight.
Holiday.
4.88*4 4.90
4.87 4.89
4.82
4.f"
4.88*4 4.90
4.87 4.89
4.81*3
4.82
4.83*3
4i
Holiday.1
4.88 4.89*4 4.87 4.89
4.83*4 4.85*4 4.81*4 4.83*4
4.81*3 4.83*3 4.81*3 4.84
S.
4.88*3 4.88 4.89*4
S.4.83*4
4.85*4
4.81*4
4.83*4
4.81*3
4.82
4.87
4i
4.88*4
Holiday.
4.80*4 4.88*4 4.83*44.85*4 4.81*4 4.83*4 4.82*4 4.84*4 4.81*3 4.83*3
4.83*3
4.81*3 4.1
4.88*4 4.90
4.83*4 4.85*4
»
4.81*3 4.83*3
4.81*3 4.1
4.87 4.89*4 4.88*4 4.90
4.88*4 4.90
4.86*4 4.88*4 4.83 4.85
4.82*4 4.84*4 4.82*3 4.84*3 4.81*3 4.84*3 4.83 4.85*3
4.86*4 4.88
4.87
4.88*4 4.86*4 4.88*4 4.83*4 4.85*4 4.81*4 4.83*4 4.82 4.84
4.81*3 4.83*3 4.80*3 4.83*3 4.81*3 4.84
............
High .4.86*4 4.89*4 4.80*4 4.89*4
4.87*4 4.85*4 4.88*4
July.'
4.88*3 4.90
4.88*3 4.88*3 4.90
S.
4.88*3 4.90
4.87
4.88*4 4.88*4 4.90
4.87
4.88*4 4.88*4 4.90
4.87*44.89
4.88*4 4.90
4.87*4 4.89
S.
*
4.87*4 4.89
4.88*4 4.90
4.87*4 4.89
4.88*44.90
S.
4.88 4.90
4.88 4.89*4 4.88 4.90
4.88
4.89*4 4.88 4.90
4.88
4.89*4 4.88 4.90
4.88 4.89*3
S.
4.88 4.89*4 4.88
4.90
4.88 4.89*4 4.88 4.90
4.88*4
4.85*4 4.88
4.86
4.89
4.85*4 4.88
4.86*4 4.89*4 4.86 4.88*4
4.86*4 4.89*4 4.86 4.88*4
4.80*4 4.89
4.87
Low. .4.82
June.
80 d. Sight. 60 d. Sight. 60 d. Sight. 60 d. Sight.
S.
4.80*3
4.87
4.86*4 4.88*4
4.88*4 4.88*4
4.86*4 4*88*4
G’d Friday.
4.86*4 4.88*4
3.
4.86*4 4.88*4
4.87 4.88*4
4.87
4.88*4
4.87 4.88*3
4.87 4.88*4
4.87 4.88*4
S.
4.86*4 4.88
4.87 4.88*4
4.87
4.88*4
4.87 4.88*4
4.87 4.88*4
4.87 4.88*4
S.
4.87 4.88*3
4.89*4 4.90
4.87
4.87
4.89
4.89
4.86
4.86
4.87
4.90
4.90
S.
4.87 4.90
4.88
S.
4.89*3
4.90
4.90
4.87
4.88*4 4.89
4.86*4 4.89
13 ”."4.84*4 4.88*4 4.86*4 4.89
14
..4.84*4 4.88*4 4.86*4 4.89
4.88*4 4.86*4 4.89
4 85
10
4.88*4
S.
17;; "4.85 4.88*4 4.86*4 4.89
4.88*4 4.86*4 4.89
19
4.87
4.88*4 4.87
4.80*4 4.89
4.87
8" 4 83*4 4.88
4.86*4 4.89
r fl " "4 83*4 4.87*4
S.
10”‘4;84 4.88
4.86*4 4.89
11
12
May.
60 d. Sight.
4.87 4.88*3
4.87 4.88*3
4.86*3,4.89*3 4.80*34.89
4.88*3
4.86
April.
60 d. Sight.
60 d. Sight.
S.
4.87*3
|S.
4.83*44.88
1879.
r
""482^ 4.87*3 4.85*3 4.88*3 4.87‘
4"
IN THE YEAR
[Compiled from tlie quotations of leading bankers.]
r>ay
8
31
April.
THE
on each
YEAR
'
1879.
Friday.]
May.
JUNE.
JULY.
August. Sept’ber. October. NOV’BER. DEC’BER.
High Low. High Low. High Low. High Low. High Low.
High Low, High Low. High L0W4 High Low. High Low. High Low. High
Alabama—Class A
49
48
49
m~
49*3
49*3
47*347-48
44
4853
Class B.
40*4- 47
46
46*3 44-44
75
75
48*3 ,48-50
51*3- 53
70
75
72
75
72 ’it 77
75
75
72
74
71
72
Class C
78
80
72*3 70
80-80
80-80
56-56
52
55
52
54*356
58-58
53-54
51
52
58*4
50-55
Arkansas 6s, funded
55
20
20
18
54*3- 53
56*3 50 - 57
18
10
10
5-6
5-15
0
5
5-5
7s, L. R. & Ft. S. iss
5-15
5-10
10
10
3-4
3-4
1-2
1-1
1*47
:
1-2
1-1
7s, Memphis & L. R
4-5
3-4
3-4
3-4
1-2
1
1
4-4
1-4
1-2
1-1
:
7s, L. R. P. B. & N. 0
4-6
3-7
3-4
3-4
1-2
1-1
:
4-4
1-4
1-2
1-1
78, Miss. O. & R. River
1-6
4-6
3-4
3-4
2-3
1-2
1-1
4-4
1-4
1
7s, Arkansas Central RR..
1-4
6
4
3-4
3-4
2^2
P 1,-1
1-2
1
1
:
4-4
4
1
1-2
1-1
Connecticut 6s, 1883-1884....
4
6
5
3
105 -106
1-4*3
105 -105
105 -105
104 -104
105 -108
105 -109
105 -107
106 -108
105 -107
105 -107
106 -107
105 -107
Georgia 0s
101*3-10254 ioo -10054 100*3-101*4 101 -101 101*3-102 100 -10254 10254-102*3
99 -100
100
7s, new
99*3-100
107 -109
-100*3 100 -100 100 -100*3
109*3-110 110 -110*4 110 -111 111 -111*3 109 -111*3 110
110
7s, endorsed
-110*4
-110*3 108 -109*4 100*3-11034 109 -110 no -114 ,
107 -108*3 109 -10954 109*4-110
110 -110*3 110*3-111*3 111*4-113
110 -110*4 110 -111'.
109 -109*1 109 -109
7s, gold
107 -108*3 10954-110
109*3-1101
110 -110*3 108*3-110*3 111 -112
112 -113
111
Illinois coupon 6s, 1879
110*4-111*3
-111*3 iio -112" 110 -111*4 109 -110 no -112*3
10054-103 100 -100
101 -101
101 -101
101 -102
102 -102*4 100 -103
100
War loan, 1880
-100
100
-100
100
100 -100
100
-100
-100*3
10054-103 100 -100 100 -101 101 -101 101 -102 102
100 -103
100
DESCRIPTION.
Low.
-
-
-
-
-
-
-
-
Kentucky 0s
Michigan 6s, 1883
-101
113
or
1883
100
60*3- 67*3
101*3-105
100*3-101
0s, 1879
Missouri 6s, 1882
0s, 1886
100
-102
57
-105
-101
49
-
104
100
102
2: V ?
-102
48*3- 53*3
105
101
-105
-101
-115
101*3-103*3 105 -105" 161*3-103’’
103 -104
101
1
5
-101
-105
105
-101
101
-115
110
-102*3 103
-106
-
-106
-
-
-
i
-101
-112
-104
3*
“
-102*4
302
50*3
-
2*
V*
102
47
4854- 52*3
104
101
110
102
-
-
-
-
Louisiana 7s, consolidated..
-
-
-
-
'
-
-
-105
41*3- 47*4
106
101
112
-106*3
-102
-115
100
-100
-100
-100
100
37*4- 47*3 36*4- 37*3
103
-103
103
-103
ioo
-114
115
101
102
103
104
-115
100
100
37
103
-100
-100
39
-103
103
112
101
103
103
-114
-102
114
102
100
100
-100
-105
100
100
-103
100 -100
100 -100
40-44
103 -103
103
-103*3
-114
-104
110
102
no
103
105
-112
3834- 45
-100
-100
41-46
-111
-102
104*3-105*3 102 -103*4
-102*3
-108
10454-106*3 103 -104 103*3-104 103*3-106 10653-107 103 -104
6s, 1887
103 -104*3 105
-103*3
-104*3 103*3-104*3 103*3-104*4
-105*3
-106*3
103*4-104 103*4-104 10454-106*3 10654-107*3 103 -105
0s, 1888.....
104
-103*3
-10434
-10434 103*3-104*3 105*3-106*1
103*4-105 106 -107 103*3-104*3 10353-104*3 105*1-107 107 -108 104 -105
-105
0s, 1889 or 1890
10434-106 105 -106 104 -105 106 -107
10354-105*3 105*3-107 104 -104*3 104 -105 105*1-107 107*3-108*3
106
Asylum or University
104*3-106*4
103*3-104
-106
104 -105*3 106*3-107
103 -100
10434-106
100 -109
104 -107
107 -107
107 -110
108 -110
104 -107
105 -100
105 -100
105 -107
104 -104
Funding bonds
105 -100*3
105 -107
105 -109*3
110 -112
111 -111
106 -108*4 106 -107
Han. & St. Joseph, 1886... 102 -104
107
-107
i04 -105" 104 -105
106*3-107*3 106*3-106*3 107 -107*3
104 -100
106 -107
102
Han. & St. Joseph, 1887... 102 -104
103*3-104
104
104
-103*3
-104
-104
104
103*3-104*3
104 -105
104 -105
103*3-104*3 104 -106 100 - -107*4 103*3-104 102 -103*3 104 -104*3 104 -104*3 104 -104 104 -105*3
New York 6s, reg., 1887
110 -110
110 -110
110 -110
-100*
110 -110
110 -110
xl06 -106
106 -108
6s, coupon, 1887
107*3-10734
110 -110
10734-109
10734-108 108 -108 108 -108 i
110 -110
110 -110
110 -110
110 -110
xl06 -110
106 -108
6s, loan, 1883
106 -108
108 -108
107*3-107%
10734-109
108
-108
106 -106
100 -107
107 -109
xl07 -110
106 -106
106-106
106 -100
6s, loan, 1891
106 -106
106 -106
;. 117 -120
106 -100:
120 -120
120 -120
120 -120
120 -120
xll7 -120
117 -117
117
6s, loan, 1892
-117
117
-117
117
117
118 -120
-117
117
-117
-117
121 -121
121 -121
121 -121
121 -121
120 -121
120 -120
119 -120
xll7 -120
6s, loan, 1893
117 -117
120 -121
117‘ -117
117 -117
122 -122
122 -122
122 -122
122 -123
122 -122
121 -122
N. Carolina 6s, old, J. & J...
121 -121
xll7 -121
117 -117
117 -117
117 -117
18*3- 19*3 17*3 -19*3 20*3- 22% 22
22*3 22*3- 24*3 25
2553 24*3- 25
22
6s, old, A. & O
22*3- 24
23*4 23-25
25-25
1754- 19*3 18
25*3- 28
19*3 20*4- 2253 22
22*4 22*|- 24*3 24*4- 25*3
N. C. RR., J. & J
23-24
22
25-25
85-87
87 -100*3 100 -100
23*4 23-25
25-28
100*3-106
104-106
105 -106*3 107 -108
N. C. RR., coupons off
108
-109
106
100
-104
104 -111
65-70
-109*1 106*3-109*3
67
80-80
84-86
80*3- 85
85-80
N. C. RR., A. & O
87*3- 88
ggi2_ gg
88*3- 89*3 86-89
80-84
85-87
87 -100
90-92
100 -100
100*3-105 104 -106 105 -106*3 107 -108 108 -109 107 -109
N. C. RR., coupons off
100
65
70
-104
104
-111
67-80
106*3-109*3
80-80
84-86
80*3- 85
85
87
87*3- 88
89
Funding
88*3- 89*3 87
act, I860 7
80-84
86*3- 88
84-92
10*3- 14*6
7-8
8
8*48*3
8*39
Funding act, 1868
P 8*29-9*4
7*3- 7*3
10
14
9-9
734- 9
8
7-8
8
8 53
10*4
8-9
9
New bonds, J.&J
8*3
8*3- 9
9*4
10
7*3- 7*3
14
9-9
8-9*3 10
11** 12*3- 1354 1354- 14*4 14
15
New bonds, A. & O
15
14
15*4
13
15*4
15
10
14
13*3
15
8-10
10
11
12
13*3 1354- 14*4 14
15
Chatham RR
15
13
13
15*4
15*4
15
13*3
15
2-2
3*21-1
3*3
Special tax, class 1
1-1
3
1*3- 1*3
2-3
2
253- 3*4 2*4
i" 2
1-1% "l
2*33*3
Special tax, class 2
2*4- 2*3
2*4- 2W>
5
4
2*4- 3
4-4*3
2-2 4-4*3
1-1
:
1-1*3
2*33
2*4Special tax, class 3
2*3
2*42*3
2*12*3i 4-4*3
3*3- 4
3-4
1-2
1-1*3 ^i-i
Ohio 6s, 1881
2*3- 3
4
4
2*4- 2*3 2*4- 2*3
233- 2*3
101-104
104
3-4
-104
3*3- 4
103*3-104 103*3-104 104
xl02 -105
103 -103
103 -103
103 -103*3 104 -104
6s, 1886
106 -108
103
xlOl
-104
-103
106*3-108*3 10554-108*3 109 -109 110 -11054 xl07 -110*^ 107
Rhode Island 6s, coupon.... 110 -110
108
110
-110
-108*3
111 -112
-113*3 108 -115 no -no xl08 -109
110 -112
110
110 -116
112 -115
-
103^-104^
-
-
-
-
-
-
-
....
-
-
-
-
-
-
-
,
-
-
-
-
-
-
-
1
gf: f*
South Carolina 6s
25 10.10
10
10 10 10
J. & J
A. & O
-
Funding act, 1866
Com., J. & J
Com., A. & O
-
Land
Land
25
10
10
10
10
10
10
25
10
10
10
10
10
10
l
30
-
-
25
10
10
10
10
10
10
25 - 25
10 - 10
10 - 10
10 - 10
10-10
10
10
10
10
25
10
10
10
10
10
10
-
-
-
-
-
-
-
-
f6
-105^
-
25
10
10
10
10
10
10
25
10
10
10
10
10
10
-
-
40
10
10
10
40
40
30
50-55
10
10
10
-
-
-
15
15
10
40-40
112
55
15
15
15
40
40
15
-112
-
-
55
15
15
15
40
40
15
112 -114
55-55
10
15
11 - 15
15 - 15
40-40
40 - 40
15 - 15
112
55
15
15
15
40
40
15
1
SO
-
-113
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-.
-
-
10
5
25
-
-
....
-
-
-
-
-
8*8
-
-
-
-
-
-
.
8ltf 47*3- 4754
8off
-
25-35
50-50
50-50
5-5
2*4- 4
31-38
STOCKS.
RAILROAD.
Albany & Susquehanna.
-114
•
•••
*“*
•••«
•
•••
“*
•
‘
‘
1 *
10
3
-
10
3H
-
59
64*3
81-33
-
55*3- 58*3
30
-
30;
2*3-
3"
31*3- 32
29*3- 80
20H- 30
’
18 - 20*
18-20
*
75-75
50*3- 52%
84*3- 85
Febr’ry.
March.
of Stocks at the New York Stock
THE
Exchange.!
YEAR
1879.
•
.
April.
May.
June.
August. Sept’ber. October. NOV’BER. DEC’BER.
JULY,
Low. High Low. High Low.
High Low. High Low. High Low. High Low. High Low. High Low.
High Low. High Low. High Low. High
-
•
50-50
50-50
-
77
82*3 79*3- 87*3 80* 82
82-90
Bos. & N. Y. A. L. pref.
40-48
Burl. C. R. & Northern. 22
25
23*3- 32
29*3- 33
31*3- 35
Canada Southern
45*3- 58H 55-58
53*4- 63*3 57%- 02*3
Cedar Falls & Minn
Central of New Jersey..
33*3- 46
36*3- 47*3 S5
39*3 38*3- 45%
Chesapeake & Ohio
-
114
30
10
30
-
[Compiled from all sales
January
-
34-35
2633- 33*3 80 - 31
29 - 31
2633- 33
27-28
25 - 25
28-28
22-26
28-28
22-26
83-86
75-83
COURSE OF PRICES OF RAILROAD AND
MISCELLANEOUS STOCKS FOR
-■
-114
40-55
-
-
114
15
30
5-30
-
-
-114
56-02
15
15
15
40
40
15
-
-
112
57*3
40
40
7s, 1888
10
10
Non-fundable bonds
153- 153
1-1
1*4
1-1*3
1*3Tennessee 6s, old
254
2*3- 2%
2-2*3
1*4- 2
35
37
1*4
41
33
35
34
3953 34
33
3554 33*4- 35
6s, new bonds
34*4 30-32
80*3
28*3- 30*3 24*3- 28*4 24-29
28
80
30
33
30*36s, new series
32*4
30*332*3
25
26*3- 30
2034- 28
30*3 24
28*| 24-28 28
30
30
30*3- 33
Virginia 6s, old
32*4 30*3- 32*3 26*|- 33*3 2634- 2734
25
27
25
30
28-35
33
33*3
29
32*333*3
30*331
*28
6s, new, 1866
28-28
28
30*4
25-28
25
30
28-35
34-34
34-85
31-33
29-31
6s, new, 1867
27-29
28-28
25-28
25
80
28
35
34-34
34-85
31
33
29
31
6s, consolidated bonds
27-29
28-28
74
74
74
74*3 74
78
70*3 75
77-80
78-78
78
78
78
80
6s, ex-matured coup
80
54
82*3
54*3
5453- 57
56*3- 57
56*4- 59*3 5753- 58
0s, consol., 2d series
55*4- 5754 57*4- 5833 58*4- 5834
35-30
41*3- 44*3
39*241*2
38*36s, deferred
39*4
6*3- 753
7—8
Dist. of Columbia 3-65s, 1924
7*3- 8*4
6
-6
6*3- 7
"5*4- 6"
81
805484*4 84-88
86*3- 87*4 87*4- 88*4 86*4- 86*4 84-84
3-05s, registered
785480
8054- 83
8154 84*4- 84*4 84-88
86*3- 87*4 80*4- 87*3 86-86*3
-
-
-
r
-112*3
-
111 k
-
-
-
,
89
93
88-92
90-92
89>%- 92
95 -100
88*3- 95
40&- 43*3 41%- 42*3 35-42
40
49
41*3 42
46*3- 61
37
34*3- 40*3 30-89
54-75
55
50*3 45*3- 68
70
55
58*3- 01
58
58*3 50-01
60*3 58
70*3 68*3- 77*3
-
-
-
-
-
-
-
-
10
43
-
52
3*3- 10
50*3- 54% 50*3- 55
5-8
6%- 8*3
-
13
99
-102'’
90
-103*3
48-58
50-54
57
-
64
-
55*3- 60
04*3- 74
02*3
78*3
11
-
11
47*3- 54*3 49*3- 61% 60
80*3 69*3- 89*3 71
85*3
6*3- 7*3
6*3 -10*3
9*3~ 14*3 13*3- 23
15*3- 10%
-
-
3^
THE CHRONICLE,
ivouxxx
COURSE OFPRICES OF RAILROAD AND MISCELLANEOUS
STOCKS—Continued.
January
Febk’uy.
HTOPK Si
MARCH.
Low. High Low. High Low.
Cites. «fcObio, 1st pref..
2<1 pre!
Chicago & Alton
....
....
MAY.
x78
87
-
75
-
4%
4%-
80
75-80
108 -110
107%-110
109 -109
111%-117% 115%-122% 112%-l 15% 112%-115
34%- 48% 37%- 42% 35%- 41% 39%- 43%
74%- S5% 79%- 85% 79%- as% 79%- 83%
Chicago tfc Northwest... 49%- 65% 50%- 64% 51 %- 60% 57%- 63%
Pref.
76%- 88)4 S3%- 91% x83%- 89
87%- 92%
Chic. 11.1. & Pacific
119 -128
126 -135
123 -133
130%-132%
...
Chic. St. Louis & N. O..
Chic. St. Paul & Minn..
Cin. Sand.& Cleveland.
Cleve. Col. Cin. & Ind...
Clove. & Pitts., guar....
.Col. Chic. «fc Ind. Cent...
Del. Lack. &; Western..
Dubuque & Sioux City..
Erie & Pittsburg
**
_
-
....
-
-
-
-
_
-110
114
-114
114
-114
-
....
-
....
-
-
-
-
80
-
23
-
-
60
-
80
23%
17%- 23%
44% 40%- 45%
-100
159 -160% xl56 -159
-
48%- 55
x98%-100%
7%- 9%
53%- 62%
21%
-
-
155
-155
80
89
82
-
88%
79%- 82
_
82 %-
80%
-
....
-
....
82-85
90
25-30
20
-
97%-100%
98
-100
22%
112%-115
117%-123% 119 -134%
69
82% 68%- 76
97%-102% 97 -100%
84
94% 85%- 92%
102 -100%
101%-108
146 -149
147 -150%
21%- 34% 22%- 27
41
56
43 - 48%
-
.
-
-
-
_
__
70
85% 75-83
102%-106
104%-107
-
16
-
28
18
75
-
94
79%- 86%
60
-
00%
00
-
-
24
60
-100
2934- 33%
25-34
20%- 30
24-25
25
25%
18%- 20% 18%- 25% 24%- 37% 26%- 41% 28%- 35%
40
43% 40%- 55% 53
61% 52
70% 55-06
154%-156 156 -156 156 -165 155 -165 157 -100
-
-
-
41%
00
40%- 41%
91
85%- 88% 8G%- 90% x80
85%- 93%
85-%- 87%
-
40
-
-
1.
-
_
51
-
91
-
57
59% 40
93% 95 -100%
3'
8
-
32
..
3-3%
2%-
11%- 22%
17
-
‘
7%-
_
21
-
22%
8
23
20%- 60
7%- 14%
22%- 35
50
-
11
-
59%
13%
54
-
59
3%-
56-60
-
4U
3%-
53%- 59%
10%- 11%
25
*
a%
(J3/_ ISU
__
25
55
-
10
-
26
-
31
-
73%
14%
34%
70
41
38-58
85%
12%- 23%
-
-
74%
37
-
37
-
-
_
2-10
-
-
•
_
_
83%- 92
85
12%- 22
13%- 18
_
92%
-
41
87
90
60
-
87
21 %- 28%
10
-
24%
99
70%- 89%
98%-105%
84
89%
50-50
47-50
55
27
28% 23%- 26
80%- 93.
86%- 95% 92%-101%
52
56% 54%- 63% 62%- 76%
69%- 72% 68%- 72% 70%- 72% 72
76% x73%- 76% 72%- 80%
35
49
42% 41
47%- 59% 53%- 70% 51%- 62% 51
63%
-
35-39
8-17
37
-
67
96%-100
39
-
-111
111
9%- 13
5
46-50
-
_
-
-108
40%
-
-
-
....
....
....
-
....
....
-
....
-
....
....
-
....
-
....
-
.....
....
45-50
4-9
-
....
35
3-4%
3-5
46
37%- 48
3-6
6-0
-
2%
4
i
42
-
47
0-9
4
_
7U
43%- 64
8%- 15
«■
n
_in
_
54%- 72% 50-03
10
18%
9-12%
7%- 8
8
15%
-
9-9
_
73%- 90 % 80)4- 89%
6%
0-9
82%- 88% 78%- 86% 78%- 82%
7%- 11
9%- 17% 13%- 18%
9-11
82%- 80%
81%- 84%
84-89
87
-
92%
35%- 45%
_
159
-161% 158 -160
159%-10O
Northern Pacific
no -114% 109%-124
114%-117
122% 129%
74%- 78% 73%- 84% 78%- 86% 79%- 90
86%- 95% 89%- 98
11%- 15% 14%- 16% 13%- 17
13%- 21% 19
30% 20
35%
7%- 7%
8
12
11
25% 18%- 27%
x80%^ 93 89%- 93% 87%- 94 89%- 94% 93%-102% 96 -103%
40
A5
ROU
42% 39 - 39
5S%- 83
37%-x46
2-3
2
3%
2%- 3
2%- 4%
3%- 8%
5%- 6%
-
_
^
49%
49%- 52%
159%-160% 160
-166
19
-
Pacific of Missouri
Panama
123
Phila. ifc Reading
Pitts. Ft. W. & C., guar. 101
33
9%- 13
30
-
40
9%- 12%
28%- 37
10%- 15-%
34
39%
-
14%- 16%
37%- 40%
-136
130
-135
132
-140
139
-150
X103 -171
51%- 53
162
44
13%- 15%
35%- 39
L46
126
-139
X127 -133%
119%-136 124
32%- 43% ■82
56%- 07% 60
-136
xl20 -131
-
28%
-
53
-164
157%-163%
16
17%
47U 48V4 44%- 48
13%- 17
15%- 16%
37%- 47% 40
49%
-
-
-149% 150
-155
153
Special
x03%-100% 104%-108
_
108
-
-
-
2-12
-160
150%-170
-133
96%- 90%
-
....
100
-107%
04
iOO
-101% 99 -101% 101
-110% 110%-113%
112
-102
100
-100
100
16-24
25
20
17
-
37
-44
65%- 72
-
154%-160
J29
34%
53
59%
25%- 30%
-
-
-
54-59
-
_
-
100
78
-160
66
-113%
112
-114
111
71%
-113% 111%-113%
-103%
105
-110
110
-110
112%-114
28
24-24
-
-100
-105% x00%-105%
49
78%
160 -165
154 -161%
22%- 40% 26%- 37%
49
65
50%- 62
19
24% 21%- 33%
51
55
50%- 64%
5%- 5%
8
19%
166 -182
168%-175
60
-112% i0S%-ll0% 109
81%
-
119
120%-126
23%- 34%
45%- 60
155%-163
16%- 24%
45
51%
16
20%
47
53%
_
-107% 105 -107
68
-125
_
126
-
-120% 118%-120
...
-120
-
-
16%- 17%
7%- 11%
vl5%-127
<88%- 96%
27%- 33%
19
23%
xlOO -104%
-
Pref.
*•
-
37
_
40
42%- 40%
First pref.
St. Paul & Sioux City...
-
-
15%- 29%
_
_
—
Pref.
60
-
New Jersey Southern...
1%- 3%
2%- 3%
m- 2%
U- 2%
2%- 4
N. Y. Cen.&Hnd. R
112*6-117% 115%-120 X112-117 113%-117% 117*6-120% xl7%-121% 117%-119% 110
New York Elevated
125 -146
135 -141
140 -170
150 -198
181 -200
xl29 -196
124%- 129 117
N.Y.Lakc Erie& West.* 21%- 27% 24 - 27%
23%- 25% 24%- 27% 20%- 29% 26%- 28% 27%- 28% 23
Pref
37%- 51% 43%- 50
45 48-54
St. Louis I.Mt. & South.
St. Louis Kan. C. & No.
Pref.
St. Louis & S.Francisco
Pref.
Deo’ber.
_
?5%- 86%
Rons. & Saratoga
Rome Wat. & Ogdensb.
St. Louis Alton & T. II.
-
_
r
_
Pref.
-
-
48
53% 50
53%
96%- 97% 97 -100
6%- 7%
6%- 7%
56%- 60% 50%- 02%
55%- 57%
82%- 82%
20%- 31%
23%- 26
19%- 22% 18
21%
40%- 44% 37%- 44
21
-
-
...
16-27
-
-
-
5%-
Ohio & Mississippi
95
-
-
-
-
Nov’ber.
11%- 16%
as
97
&4%- 99%
no -110% 110 -110%
113%-115% 113%-124
64%- 71
67%- 75%
96%-101% 97
99%
75%- 84
82%- 90%
97%-102
99%-104%
138%-142% 138%-148%
15
20% 18%- 25%
51
38%- 47% 45
27%- 28
71
50%- 59% 56
9S%-104 103 -105%
7%- 14% 11%- 20
55
6S% 67*6- 90
59
60%
113%-118% 114%-116
116 -119
xl3%-119%
40%- 51% 50%- 54% 50%- 64% 61%- 70 '
90
8l%- 91
93% 90%- 96% 92%- 97%
5S%- 64% 02%- 67% 63%- 74% 72%- 80%
89%- 95% 94)4- 98)4 94%- 99% 96
99%
130%-141
138%-140% x37%-139% 138%-141%
11
12
11%- H%
21
33% 28%- 33% 32
43% 38-44
-
_
N. Y. N. Haven & II
11%- 19
7%- 12%
__
-
44
34%- 48% 39%- 46% 40
40%- 48% 44%- 55
95
90-92
31%- 94% x92
91 %- 97% x95%- 98%
5-6
5
5-9
6%
5-5%
6%- 8
43
55% 49%- 54% 44^- 50
47%- 54-% 51%- 60%
60-61
57
57
53%- 01
55
55
57% 54
*£d pref
Mobile & Ohio
Morris & Essex
Nash. Ckatt. & St. L
108
13
-
.
_
Manhattan Elevated....
Mo. Kan. & Texas
9%- 12% 11%- 13% 13
6%- 9%
8%- 9%
81 %- 84% 84
88% x80
_
_
Memphis &; Charleston.
Metropolitan Elevated.
Michigan Central
August. flEPT’BER. October.
_
-
pref....
JULY.
-
....
Frankfort «fc Kokomo..
Mar. & Cin., 1st
....
-
Hannibal & St. Joseph. 13 %- 15% 14%- 16% 14%- 16
14
Pref.
34 - 40
37%- 44% 42
45% 38
Harlem
140%-145% 147 -100 x52%-155
153
Pref.
154 -154
Houston & Tex. Cent...
Illinois Central
Ind. Bloom. & West
Ind. Cin. «fc Lafayette..
Joliet & Chicago
Kansas Pacific
Keokuk & Des Moines.
Pref.
Laf. Bloom. & Muncie...
Lake Erie & Western..
Lake Shore
Louisville & Nashville.
Lou. New Alb. & Chic...
9%- 16%
7%- 12%
77-85
105%-106
Chic. Bur. & Quincy
Chic. Mil. & St. Paul
Pref.
J UNE.
Low. High Low. High Low. High Low. High Low. High Low.
High Low. High Low. High Low. High
_
79%- 88
Pref.
-
....
High
5-5
-
_
April.
-
_
100
_
1%- 3
10%- 11
13
17%
-
7-9
25%- 38%
3)4- 3%
4
4%
9%- 11%
3%-
13%- 18
4
9-9
15
-
16%
7%-
9
35
37%
3%- 5%
4%- 6%
10
13%
-
-
3%10
-
14
-
3%
10
16%
8%
31
35%
4-7%
4%- 9%
11
19%
7%-
-
-
3-10
11%14%7%29%6%-
21
23%
15%
42%
11%
8
13%
17%- 28%
-
8%- 12%
18%- 21
20%- 30%
14%- 17%
40
45%
9%- 11%
10%- 12%
-
22
-
26
8-8
7
-
8%
18%- 18%
23
28% 24%- 28%
13%- 17% 16%- 20
38
40% 44%- 58%
7%- 10%
8%- 10%
9
11% 10%- 12%
26
19%- 23% 22
....
-
-
-
-
-
-
20
9
9%- 10
12%
15
10% 14
25%
26%- 29% 27%- 45%
19%- 22% 21%- 25%
52%- 58% 54%- 61
9%- 13% 12-22
H%- 18% 17
23%
24%- 44% 41
49%
-
-
-
16
26%
12%- 18 ~
21
15-24%
10
-
19%
25-37
30-40
40
-
45
-
42%23%58%18%21*645%31
39
27%58%- 09% 50%-
-
_
-
_
.
-
Pref.
7
Stonington
-
34-56
52
41%46
43*6- 47%
-.
71% 68
72%
30
29
27%- 53
35
33%- 60% 3S%50
54%- 78% E9%27
32
45% 35
62
56%~ 79% 69
49%
-
-
.
.
.
49
-
-
57
75%
39%
-
76
-
_
125
Terre Haute & Indian’s
Tol. Peoria & Warsaw.
-125
100
i
Union Pacific
57%- 63% 63%- 81
x68%- 74% 71 %- 70% 71%- 75% 74-79
75%- 78% 75%- 79%
United Cos. of N. J
134%-135
130%-137% 135 -135
130 -138
146 -147%
140%-144
142%-142% 143 -145
Wabasli
21 %- 23% 17%- 21%
20r‘£-25
35 - 38% 34%- 40
32%- 39% 35%- 38
17%-34%
Wab. St. Louis & Pac...
Prof.
W’arren
80-80
83-83
80-80
5
-
....
-
1Q%
77%-x85%
-100
10
16%
84%- 95
150
30%- 44%
_
_
.
■
...
-
-150
42
-
60%
73
147
40
-
92%
81%- 87
-150
-
-
....
62%
-
_
.
,
29-50
_
59
-
37%- 45%
59%- 70%
78
97%- 97%
TELEGRAPH.
American District
Atlantic & Pacific
Geld & Stock
64-64
Western Union
94%-103%
23
-
29
-
44
32% 34-48
38% 35%- 38% x35
-
-
49%
39%
48
-
00
33
-
37%
58
72% 64
09% x58%- 65
32%- 42% 35%- 4^ 35
37%
-
-
-
681^- 7834 76
80
80
82% 80-80
-106% x02%- 108 103 -108 102%-114% +91 -lie
_
98
62
-
65
64
65-74
70
-
34
-
37%
34%- 37%
35
-
39
-
80
90
-105
84
75
89%- 93%
-
-
67
80
88%- 95% x01%- 96%
43%
92%-100
74
76% 70
49% x39%- 48%
-
102%-110
x98%-109%
■
EXPRESS.
Adams
105
American
United States
-107
46%- 49%
45
Wells, Fargo & Co
x93
-
50
-:
99
105%-109% 105 -106% 105%-108% x06%;-110. 105 -107% 103%-107 100 -106% 99 -103% 102%-107’ 103%-108 104 -106%
48%- 50
48
47%- 50
49% 47-50 x46%- 49% 46%- 48
45
51
51
05
61
47% 46
55%- 65 .57
47
49% 48-49
47
49% x45
48% 40%- 48% 40%- 48% x41%- 46% 42%- 46
45%- 60% x49 -x56
46%- 50
96%-100
98%-100% 99 -100% 97 -100% 99 -100% x96%-100
97 -100
98%-100
99%-lO0 102%-104% 103 -106
-
-
-
-
-
-
-
-
COAL AND MINING.
American Coal
33%-^ 33%
Carabon Consol. Mining
Central Arizona Min.
Climax Mining
33-33
34-34
6%-
6%
0-6%
4%-
6
..
Consolidation Coal
*
4%10
-
5
10%
60
- 60%
4%- 5%
10%- 17
4%- 5%
20*6- 23%
_
.
20
-
20
21
Prior to August 22 these sold
+ Ex
50-58
_
_
-
21
.
-
-
....
23-23
20
-
22
.
-
....
22%- 20
as “ Erie, $4 assessment paid,” and “ Erie
preferred, $2 assessment paid.”
scrip dividend of 17 per cent, and cash1% per cent.
29-41
31
-
40
3%-
3%
33-33
THE
January 10, U80.|
CHRONICLE.
33
COURSE OF PRICES OF RAILROAD AND MISCELLANEOUS STOCKS—Cohcltoed.
January Febr’ry.
March.
April.
may.
June.
July.
August
Sept’ber. October.
STOCKS.
Low.
High Low. High Low. High Low. High Low. High Low. High
Cumberl’d Coal & Iron.
Pinto
Low.
High Low. High Low. High Low. High Low. High
14
21k'- 36^ 24k- 27% 27k- 35
30%- 33
36
32k- 38
37
39k
-
38k
-
38
39k
-
22
-
2k-
2k
2%-
2k
2k-
2k
1-1
H-
3
-
....
2k-
....
1-1
Prf>r
3
6k6k-
8
7k
-
10
39
Ontario Silver Mining..
39k
-
135
-135
130
12
-
15k
32
-
35
Quicksilver Mining
39
39k- 40k x39k- 40k
-136
12
134
15k
-
10
-
-137
11
-
-
Sprint Mniinfnin f’nnl..
7%
14k
38k- 39k
142
16
12k 12
33U- 3516 34k- 30
34k- 38
-
4
10
5-7%
38k- 39k
40k
-
-
8
8
-155
14
-
17k
14k- 16
36
-
46
30k- 38Vi
50
-
50
29
2k-
3
2k
3k
4k
-
-
-
-
-
-
-
-
-
-
-
x29
35
-
x25k- 31%
24
29k
-
3k-
VARIOUS.
26
29
7
-
30k
27
10k- 12
10
-
8
-
12%
10
-
14
10
-
42-50
48
-
59
58
-
70
58
-
44k- 60k
59k- 81k
59
-
89k
72
-
97
-110
31k
-
81
-
27k- 30%
7
•
‘
Boston Water Power.
11
■
^
..
24k- 30k
Cent, of N.J. lid. & Imp.
I>el. & Hudson Canal
V,
*Sr. Trust
28
29k- 30
31
32k
-
46
-
35-44
15
38
..
45k 38k- 45
-
360
Oregon li.’y A \av. Co..
40
38k- 42
46k
-
45
45k- 50k
-360
366
40
-
15
-
51%
41
-
41-42
15
46k- 50k
-
11%
63%
15
42k- 50
79%
-366
_
104
_
Pacific Mail...
12
10%- 14
10k- 45k
73k- 81
x80%-x85
m- 4k
2%- 4
Pullman Palace Car
Sutro Tunnel*
i
-
3k4k-
-
34k
-
-
5
k-
25k- 35k
-
30k 28
32k x28k- 34%
5k
4k- 4k
6k- 6k
4k5k
21
12k- 15
13k- 22
34k 20k- 35k 24-27
18
46
42k 30
31k- 36%
38k- 41% 41
41k 40k- 42
39k- 41k x39 -x40k x39k- 40%
152 -152
150 -155
150 -150k 180 -180% 179k-195
185 -185%
14
14
15k 14
14k 13 -18
20k 18
25k 19%- 28%
nsu
4Ql/_ RQLC
ttU
AQ
AO
36
40
A*l/
38
40k as
45
00
53k- 60
4-4
*
Stni14l91‘,1 (Innsnl. Infill...
WilkPShniTP (lonl it' T..
-
3-3%
29
Mariposa Land & Min..
24% 19
26%
23k- 29
24k- 26
37k- 40k 39
40k
4-5
4%- 5k
‘
38k- 42k 39k- 41
3k-
Pitt«h. Mlninsr
24
19k- 25
ilfininir
I.nni1vil1<> TVIinimr
T.sttln
High
...
Homcstake Mining
t.«
Low.
Nov’ber. Dec’ber.
14
12k- 15
13k- 15k 14k- 18k 14
15% 14k- 18
17k- 29%
81
82
85k 82-85
78k- &4
82k 88k- 91 * 87-88
87k- 97k
4
2%- 4k
4k- 4k
4k- 4k
4k- 4%
4 - 4k
4k
2k- 4%
-
-
-
-
-
.
-122
29%- 38k 26
39k 28%- 37%
97k~ 100k 100 -109% 102 -107
3
4k
3k- 6k
3%- 4%
-
-
* Sold per (share, not per cent.
COURSE OF PRICES
OF RAILROAD
BONDS FOR
THE YEAR
1879.
[Compiled from all sales at the New York Stock Exchange.]
January
Febr’ry
March.
April.
May.
June.
July.
August. Sept’ber
BONDS.
October
Nov’ber
Dec’bbr.
High. Low High. Low High. Low High. Low High. Low High. Low High. Low High. Low High. Low High. Low High. Low High. Low
Balt. & O.—1st, Par. Br.
Boat* II. & Erie—1st
Guaranteed.
Burl. C. R. & N.—1st...
—
Cbes-
_
33%- 32%
39%- 35
34%- 34%
73k- 70%
72k- 68
O.—Pur. in.,
fd.
6s, g., ser. B., int. def.
6s, cur., int. deferred.
Chicago & Alton—1st... 116
_
*
_
40%- 37
-
....
....
’13
-
13
39
-
36
39
73%- 71%
98
-
98
38
-
33%
10
-
10
Income
106
103%-101
Eon. & Mo. River—1st 107
104
-103
105
35
-
32
39
....
-
Consol, 7s
Sinking fund, 5s
.-
—
-
100
-
90
103%- 99
Tieh.& W. B.—Con
65
Convertible
Convertible, assented.
Con., assented
Income
Am. Dock & Iinpr
Assented
Chic.& East. Ill.-lst M.
Chic.M.&St. P.—1st, Ss.
2d mort., 7 3-1 Os
7s, gold
1st mort., LaC. Div—
1 st mort., I. & M. Div.
5 nt mnrf., Tt ^ D, Div.
4 st mort., H.& D. Div.
1 st mort., C. & M. Div.
Consol., sinking fund..
1st M., I. & D. Exten..
6s, S. W. Div
5s, LaC. & Dav
Chic.tfc North w.—Skg. fd
Interest......'
Consol
81
-
-
53% 73
49%- 35% 56
-
20
1*07
-106%
—
63
46
23
25
60-59
09
-
00
58
70
-
01
l
103
-103
112
-112
98
-108
--
97
—
103
109k-109k
100
-
111
-111
110
-108
99
‘
-
...
92
87%
-114%
-
116
63%- 63%
63-62
125
-123%
110 -108k
108 -104k
109%-106%
-107
-
-
-106
_
-
-108
106
-106
....
111
-110
112
121
-120
121%-121
-114
_
101%- 96
101%- 96%
-
-
-
105
-
__
35-35
-
-
65
....
60
-
-
-
-
-
....
46
62%- 47
90-90
76
-
70
80-80
75
-
08
80
-
80
-
50
-
-
91
-
90
90
-
89k
-
-
-106%
110
-109%
_
113
-111
113
-110
-111
112
-110
111
_
-110-
95
92
-
125
95
-125
93
-
127%-127
-112
113k-112 113 -113
-112% 113k-112k 114%-11S%
lllk-HO 113 -111% 114%-112k#
113
lllk-110% 110%-llOk 111
106%-106%
110
113
-
....
tl3k-lll^ 112k-110%
113%-113
105%-103%
88k- 82%
-
125%-123% 124%-123k 120 -125
111
105k-109
-
ra
....
92%
-
-117
71
54%- 50
54% 71
57% 68-07
95%- 89 101 %- 94k 108 -103% 107 -105k
96
107 -101% 106k-105
91k- 89k 101
_
-
109
58
93
118
_
-
-
-121'
107k-107k
99% 104%-102% 106 -103k
-
67
* -l
117%-115
115%-il3%
-
-
122
95%- 92% 93k- 91
115
_
103%-103k
-
-
....
....
113k-110%
98k- ©Sk
114k-114 115%-114
-
-
-
....
-112
94
101
88k- 84% 95
88k 97
9Gk 101%- 96 101%- 97 105k-101% I04k-101
105
103 -101% 103k-102% 103k-102
104 -102
108 -104
105 -102
98% 103%-101
59
70
65
80-70
72
72
85
90
60%- 54k 66
79
80
79%- 75
75
75
101
95
90
05
102 -102
110 -103
87%- 77
54-50
84
63%- 52k 70%- 63k 83k- 88
74% 83%- 76k 93%- 83
90%- 90
....
112
-
....
-
93k 100k- 90
....
-110
108
110%-110%
.
-121% 124 -123 124%-123k 127 -124k 127 -127
lOSk-106% 110 -109
HOk-llOk 112 -112
109%-107k 108k-108 llOk-107% uik-iiok 114 -111k 112%-m
110%-109
110%-109k lllk-110 11S%-112 115 -113k 113 -110
113
-104
__
-
125
108k-100 108k-106
104%-100% 108%-108k 103%-103%
103k-103k
...
_
....
_
I08k-103
104
-
__
22
-
..
104 -103%
Ill
-109
-112k lt3k-113%
121 -119
121 k-120% 119 -118k 121%-120% 121 -119
101 -101
ioik-ioik
116k-114% 116k-115k 114 -113k 115 -112% 114%-112
114 -114
114%-114% 116 -116
113k-113k 114 -113%
95
94
92
95
95
93% 97
93% 96%- 94
117 -116
118%-116% llSk-118 116 -115 115 -113%
106
82
95%
51
65
47
-
-103
113
-
_
110
110
'
-102
-
-
50%
102
-
23
-
■■
85%- 81% 87%- 84% 94k- 87% 96
85%98%55k75%53%-
20
-
-
....
_
Adjustment
Income
assented
-
-
_
72k 89
80%
96-87
100k-100k
80k- 71% 88%- 80k
96-83
99%- 94
55k- 54
66%- 52
con.,
....
-
-
_
-
....
-
-
118%-116k
6s, reg..
109k-109
112%-112% iiik-iiik
KcQk.& D.M.—1st, gu. 88%- 86% 90%- 88k 91
90%
Central of N. J.—1st M. 118 -116
116%-115 116 -114
1 st, consolidated
-
-
-
Chic. Rk. I. & P.—6s, cp. nik'-iosk 113k-112k 112k-lllk 114%-112%
1st,
...
_
-104%
iiik-iii
117k-116
34k- .83%.46-35
>
-109% llOk-110%
110%-109k 112%-lH
I17k-114% 118k-117
-
....
-
-
Mo.R.Br., IstS. F.,6s.
33-33
-
-
_
110
105%-105k ioe%-ioe%
_
36%
-
..
St. L. Jack. &: C.—1st. 108k-108
_
_
103k-103% 103%-103%
-102k
ijiid
-
54%- 45% 54k- 50k
45
45
31k- 31%
50%- 50
78
88
73% 83
77k 79%- 78% 84%- 79
82k 92
86%£90-87% 91-88% 89
87%
100 -100
102^-100% 100k-100%
103%-103%
36-35
47k- 35% 44
45
40% 45k- 43
42% 50k- 42
58%- 47% 67-56% 64%- 60
10
24
10
13
21
18
38
22k- 20% 21%- 20% 26-20
42-29
32%- 23
32%
116 -116
118%-117 118k-118% 116k-115k 118%-118 115 -115 118 -117 118k-118 118%-118%
104 -104
106k-104k 104%-104% 105 -105
...:
107 -106
100k-106 107 -106 106%-106% 106 -106
108 -107% io6%-ioe% 106%-105%
32
-113% 118%-118% 118 -115
-101% 106k-106% 106%-108%
Sinking Fund
Chic. Bur. & Q.—Ss
v
—
-110
112
-110
113
-111%
-111
-111
112 -111
112 -111% 113k-113
113 -111% 114 -113% 113 -112
115 -114
113 -112
115k-113
-102% 108k-102k 108%-lOOk 109 -108 100%-105k 107 -104
108%-105% 110 -107k 112 -109k 112 -1O0«
99% 102%-101
100k-103 10Sk-100k 105%-104k 107k-105 108 -105% 108 -108 J 100%-107 no -no
*
103 -103
103 -102%
103%- 99% 103%-102k 104
102
98
102 -100% 101
-
-
f
_
_
_
__
_
89-89
108k-10Sk
-
106
-106
110
-114%
_
119
-116
110
110
-108
107
-106% 107%-106-k
117
-116
118
-109
lllk-110% nik-uik
113 '-113
107
110
-107
-109
-
...
....
109
—
111
-
-111
-107%
112%-106k
_
_
-117
119k-117k 121k-119% 122%-122k 121k-121k 119 -118 118%-118 119 -117k 120%-119k
Extension
105%-105%
108%-108%
1st mort
lll%-109k 108%-107% 109k-108% 109%-109 iiik-iiik 112 -112 112 -112 108%-108% 108 -108 109 -107k 108%-108 Ill -109
107 -103% 108%-106k 108 -105% 112%-108k 116 -112% 115 -111
Gold, coupon
114k-113% 114%-110 114k-112k 115 -112% 116 -115 115%-112
Gold, reg
106%-103% 107k-107k 105k-105% 110%-108k 113%-113% 114k-lll% 114k-112% 113 -113 114 -113 113%-112% 115%-113%
Iowa Midland—1st
113 -113
122 -122
109%-108 113%-113k
115 -115
Gal. & Chic.—Exten... 108%-107
104k-104% 105k-105% 100 -106 107k-106% 108 -108 104 -104
104%-104% 104k-104k
_
.
_
-
_
—
__
.
_
....
Peninsula—1st
Chicago «fc Mil.—1st
115
-115
jit:
110
-110
114
115
100
106k-106k
Wiuona & St. P.—1st.. L02k-102
96
94
2d mort
C. St.Li. & N.O.—1st con.
2d, income
Chic. St. P. & M.—1st... 90%- 88
Eand grant, income.... 50 - 43
Cin. Laf; A Chic.—1st...
-
_
....
110
-110
-113% 115 -115
-105%
103k- 99 102 -100
_
106k-101
*
j.
■
_
118
-118
110
-110
109k-109
105%-100k 105k-105.
93%- 92% 96-96
45
_
_
93%- 91
94
-
92
57
52
-
50%
-
C.C. C. & I.-lst
Consol
91k- 90% 92k- 91
98%- 97
102k- 99
114%-llOk 116 -115k 115 -114
100
91k 100
98%' 98%- 95
98
-
-
100
-
93% 104k- 96
59
-
59
__
Cin.&Sp.-lst,C.C.C.«fcl 92k- 73
1st, E. S. & M. S
50
84%
-
92
118
101
83-65
-
....
100
-
....
97
_
_
117
-117
-108
110
-108%
-105% 108
96%
-100
107k-106 111 -108
99%- 99%
-
55-55
45
102%-lOlk 102k-102
85%^ 82% 92-85
103%-102
94
94
__
-
....
....
...V 108
-
87-83
.
101
_
-115
-
__
117
-
-117
—
.
-
-
...
60-55
111
-107% 113 -110
101%-101 100k-100
70
I03k-102 104 -103% 101
93
91% 92k- 91% 92
-
-
65
102
90
93
-
90-90
_.
68-68
-100
-101
-
01
93-98
90
97
88% 96%- .92
95% 99k- 97% 97%- 96% 102
97% 102 -100%
95% 95%- 95
104 -103k 104k-103% 107 -106
...'L07 -107
102k-102
117 -114%
-114
116 -115% 117%-116%
110 -115
118 -116% 118 -117
117k-115
-
93
-
96
-
-
-
-
....
105
-102
101KA- 99
105
-101k 105
-1041/ 105^-1041/
....
-
....
iiis/.in7
34
THE CHRONICLE.
COURSE OF PRICES OF RAILROAD
JANUARY
Febr’ry.
BONDS.
MARCH.
April.
* Ol. X\X.
t
BONDS—Continued.
*
May.
JUNE.
JULY.
AUGUST. Sept’ber. October,
NOV’BER.
DEC’BER.
High. Low High. L,ow High. Low High. Low High. Low High. Low High. Low High. Low High. Low
High. Low High. Low High. Low-
Del. jLack. & W.—2d— 106*6-106
107*4-10694 104*6-104
103 - 99*6 104 -104
7s, convertible
104 -104
108
-106*6
110 -110 ‘
Mort., 1907
10794-102 109*6-107*6 10694-106
Syr. Bin. & N. Y.—1st. 104*4-102*6 106 -106 106*6-106
Morris dk Essex—1st... 118 -117
121 -120
121*6-121
2d mort
110 -108
108 -107*6 108 -108
Bonds, 1900
Construction
85
85
87
87
103
-103
122
-11994
111*6-108*6
7s of 1871
105
1st, consol
D. dk H. Canal—1st, *84.
1st mort., 1891
1st, extended, 1891....
98
-
105
-105
95
93*6- 86
98*6- 93 100
9894- 92*4 100
100
-100
91
-
95
98*4
98%
-
-
100
106*6-101
-100
-
94
„
_
-
1st,
118
rear
119
-118
Denver & Rio G.—1st... 94*6- 87
E. Tenn. Ya. <fc G.—1st.. 103%-100*6
Erie dk Pitts.—Consol....
Erie—1st m., extended.... 117
2d mort., 7s
100
-117
-105
93
99-98
-
95
80*6
-
113
•.
•. •
•
110
-
....
.
-121*6 125 -122*6
111*4-111% 111*6-111*4
-
91
99
-
-
-
99
103
9994- 98
99
96%
ioi%-ioo
10194-101%
114*6-112
'106*6-102
-
105
-100
104*6-103*6 105*6-104
105 -100
104*6-104 ; 105 -104*6
108 -103
108 -107
108*6-107*6
108 -107
108*6-107
115 -113
114 -114
112*6-110*4
106*6-10594 106*6-105% 107 -105
99
102
104 -102
10294-102
_
100
-
120
-118*4 124 -124
99
-
93*4- 88*6
100
-
98
-
-104
-114
114*4-112*6
115
-115
115
-115
115
-115
122
-121*6 126
-123
112
-112
125
91
-
101
-
99
100
111
-110
112
96*6
-11194
110 -105
107 -10494
107*6-100
106*6-101*6 105 -104*4 107 -105*6
107 -103
106 -105
109 -105*6
-
110*6-107*4
-
99
t108
124
•
-103
10694-102*6 107*6-103 105*6-104 106 -100 109 -107
106*6-103 105 -104*4 106 -103 10796-106*6 110*6-109
109*6-109*6 106 -106 10894-106 109 -108*6 110*6-110
J.
108*6-108*6 109*6-108 11096-109*6
111%-111%
11394-113 113*6-113*6 115 -113*4
108*6-108*6 107 -107
107 -105
107 -107
_
105
-104
103
-103
105
-105
105*6-105*6
-125
123
98%
•
8994
104*6-102*6
9594- 90*6
103
-102
9294- 90% 93%- 90*6 97
91*6 98*4- 95%
100*4-100 100*6-100*6 100*6- 90 101
99*6
97*6- 93%
-
-
106
-
-
....
-
-
....
..;. 123
105
-
105
-12294 122
-
120
....
....
-
....
-
....
-
Income
109*6-108 105
104*6-104*6 105
111
-111
113
-no
110
-115*6 110
-104
105%-105
-104*6 102
-101
110*6-110 111 -111
11396-110*6 11394-112
-
93*6
-
....
....
_
-116
l
_
121*6-120
105 -102*6
106*6- 105*6 106*6-106*4
102
101*6 10294-102
-
111
110
-
115
115
-114*6 115
-11694 117*6- 116*6
-
122
-
-111
113*6 117
-115*4
-11394
-114*4
114
116
7796-70*6 80*6- 71% 87 -.7896 92
8094 88*6- 8294
76*6- 69
83
78*6- 71
76*6 8894- 80
83*4- 77
-
-
73
Frank. dk Kokomo—1st.
93*6- ‘93*6 »4
Gal. Houston dk Hen
83*6- 83*6
Han. dk St. Jo.—8s,conv. 107*6-101*4 11096-106*6 106*6-105*4
10796-105*6 108*6-100*6 108
Hous. dk Gt. N.—1st, ctf. 7394- 71
74 - 74
83-81
1st. Pur. Com. Bee
85 - 85
85
2d. Pur. Coin. Bee
2494- 24
Houston dk Tex. Cen.—
Main Dine, 1st mort...
—
9594- 91
107*6-103
_
-
-
102
__
-
2d mort., exten., 5s....
3d mort., 7s
110*6-10794 111*6-110*6 107*6-106*6 107*4-107 108*6-10794 10894-108 109*4-10894
4th mort., 7s
107 -105
106*6-106 106*6-106 103 -102*6 10394-103 104%-103% 100 -106
5th mort., 7s
108*6-108*6 112 -112 114 -114
115 -11394 111*6-111*6 112 -112
7s, consol., gold
106*4-103 no -104*4 113 -no 11296-110% 113 -112*6
Long Dock
113 -110%
117 -117
110*6-114 11796-110*6 114 -114
115*6-114*6
Buff. N. Y. dk Erie—1st. 112*6-111
117 -116
110 -116
116 -114
118*6-118*6 117 -115 117*6-117
N. Y. E. E. & W.New, 2d con. 6s
7496- 68*4 7894- 7296 7696- 71% 77%- 7594
2d cons., f. cp., 5s, 6s.
67
67
75
78%- 70*6 80
7594- 71*6 7094- 75*4
....
-123
-124
97
95*6 96*6- 96*6 97
105 -105
103 -100
6*6
120*6-118*6 12094-118*6 120*6-118 120 -11994 120 -119
122*6-122*6 122*6-122*6
107 -100% 103 -102*6 103 -102*6 103*6-103 - 103*6-103%
104*6-103*6 104%-10394
-
-11194 113 -112
104
114
-
91
124
9296- 88*6
c-*
104*6-103*6
100*4-104 10994-106 110*6-109*6 11194-110 no -109*6 no -109
97*6- 94*6 102 -‘97% 100
98
97% 100
9994- 98*6 99%- 98
99
97
10394-100 104*6-100 10294-102 102%-10194 101*6-100
100
97*6 10394-100 105 -100*6 103*6-101*6 104 -102 103*6-100
119
98
90
-
82
-
-
99*6- 96
99*4- 97
97*6- 97
102*4-100*6
7s, coupon, 1894
101*6- 94 102 -100
7s, reg:., 1894
98*4- 94 102 -101*6 102 -100
1st Pa. div., coupon.... 102%-lo2*6 103%-103% 10096- 99*4
1st Pa. div., rear
Alb. dk Susq.—1st m.... 111*4-109
2d mort
103 -100
103*4-103% 104 -107
97
97
1st, consol
Bens. & Sar.—1st cp... 118 -118
119 -11896 119 -119
_
•
90
_
82
-
-
....
_
-
105*6-104*6 106 -10% 106*6-106%
100 -104*6 113 -113
113 -112*6 114*6-113
11494-112 116 -115
106 -106
108 -107*6 108*6-10794
123*4-121 123*6-12294 128 -124
—
113*6-111*6 114. -112*6 115*6-115*6 111*6-111
-
....
91*6- 90
93
91
-
95*6- 91%
95
-
94
94
-
94
_
-
73
90*6- 94
_
_
95
95
90*4- 90
10594-10194 106*6-104*4 104*4-10094 106%-103% 10796-106
...
-
-106
85
-
108
85
-106
_
_
_
_
85
-
_
-
85
-
_
82*6 85
108
Western Div., 1st
,
International -1st
With certf.
1st. Pur. Coin. Bee
2d. Pur. Com. Bee
Jefferson—1st
Laf. Bl. & Muncie—1st..
Income
Lake Erie dk W.—1st—
Income
Eake Shore dk M. S.—
Mick. S. dkN. I., s. f....
Cleve. dk Toledo, s. f...
New bonds
Clev. P. & Ash., old b.
New bonds
•
_
94
91
-
98
32*6- 32*6
-
98
99
34-34
-
*
—
99
100
-100
104
33
-
92
97
-
101%-100*6 101*6-101% 103
45
-
24
97
93
-
92
90-90
-102
103
-103
105
70
69
-
67
60
-
58
62*6-
49
-103
_
71
77*4- 77*4
74*6- 71
75
-
75
78
-
-
-
....
....
-
90
-
....
30*4
-
100
-
92%
95
55
85
-
81
85
-
85
86
-
85
'
86
-
85
85*6- S3
86-85
25
-
24
25
-
24*6
25
-
25
24
23
-
42*6
77
_
....
95
-
97
-
97
98
-
95
104
-104
-
24
100*6-10-
_
94-90
23
-
24.-24
103%-103%
37*6- 25*4
93*6- 93*6
34
-
33
34
34
-
_
_
j....
....
^
94*6- 93
95*4- 92
92*6- 90*6
92*6- 91
60
70
-
56
69
-
63
71
-
63
93
-
91
93
-
92
94
-
.92
61
-
52%
66-58
62*6-
61
-
60
__
_
_
57
110%-109*4
111 -11096 131*6-11094 112*4-111 *4
110*4-109 111%-110
108*6-107*4 10996-108% 109*6-109*4 110*6-110 112 -110*6 112 -112
109*6-109*4
102
-
-101*6 103 -103
-112*6 115 -115
113
no
_
103* 6-103% 104 -102*6 103
114
-114
112
-112
114
-114
108
-108
110
-113
113
-
_
87*6- 84
100
-100
95
-
98
-
Sterling
Mem.dk Charles.—1st... 100
2d mort
-
99*6
_
87*4
98
90
-
,,,
-
90
87
-
84
.
_
-
.
-
....
-110*6 111*6-110*6 108*6-107*6 10894-108*4
111 -309*6
no -no
-
....
110
101
-101
’ 101
-101
-110
101*6-101*6 102*4-10194 102*4-102
103*6-103*6
_
_
117
-116*6 116
i
-116
117
-117
-119
117%-117% 114 -114
122*4-121 120 -120
120*6-119 119%-119
115
-115
114
-114
115
-115
114
-114
115
-112
11894-11894 11394-113
117 -117
120*6-118*6 119*6-118*6 120 -11994 117*6-117*6 122 -122
120 -119
118%-118 118 -117 118 -115 12094- -12094
no -no
112 -112
113*6-112 116 -110 116*6-114 116 -116 113 113
11194-11194 113 -112*6 116 -114 114*6-113*4 115 -111*6 114*4- 112
113 -111
112 -111
113 -112*4 113*6-112% 11094-109*6 111
-110*6 114 111
102*6-102*6
103 -102*6 104 -10294 104*4-103%
102*6-10094 102 101
100 -100
100 -100
102 -100
102%- 101
110
110
108*6-108%
92
87*6 90
88*6 94*4- 91
9496- 94
94*6- 93 103 -100 105*6-102*6
88-88
88-88
89*6- 89*6
100*6- 99% 10094-10094 10094-10094
r 98*6
_
■
•
-
-
-
f
-
__
-
-
-
5296- 49
17*4- 15
9994- 98
111
111*4-111
109*6-109*6
57
-no
-103
Metropol. Elevated—1st 99
96*6 98*6- 97*4 97
9594 10496- 9696 110*4-103
Mich. Cen.—Cons., 7s.... 115*6-113 120 -118*6 117
-11594 138*6-117 119 -116
1st, 8s, Sinking Fund.. 111*4-110*6 113*6-113 -113 112
108*6-108*6 110 -109
83*657%209699*6-
-no
-
-
-
100*6-100*6
in
110%-109
120
117
-
83
88
87*6- 83
87
50
65
62*4- 54
57
72%- 63*4
1594 28*6- 17% 32
2394 37*4- 28
99
99 100
108*6-100*6 105 -103
90*6- 90*6
88-88
-
-
-
-
.
-
90-90
108%-107*6
120 -117*6
110*4-109 *4
93*6 93
69%- 65*6
33-20
106
-105
•
106
-103
120
-119*6 120 -119 119 -118*6
-109*6 no -10994 111 -110*4
111
104%-102*6 103*4-102*6 103*4121
-
104*4-102*6 10594-104
119*6 118 -117 118*6-117%
109
-108*4 108*6-108
107*6-107% 108*6-107%
95*6- 93
7696- 69%
95%- 95*4 9894- 98*6
99
9994- 99% 99*6- 97*6
7594- 68
91
79*6- 73
77
93%- 87*6 95%- 91
3494- 2994 33%- 26*6 S4%- 28% 47
33
50
39*6 4894- 43%
110 -110
.;...
108 -108
107*6 107*6 105 -105 105*6-105*6
-
-
■
'
102
-
.
-
-
.
84*6- 84
-
-
.
.
9396- 9194
6496- 4894
-
_
-
.
__
-
.
106
....
"
103
96
•
95
-
92*4
63
-
60
-
•
•
98
....
98*6- 90
98
-
.
-
-
....
97*6
_
33-32
32*6- 28
105*6-104 105*6-103 105*6-105*6 105 -105 105*6-105*6
98*6- 97*6 105*4-102*6 105*4-104*6 103*4-102 102*6-101*6 103 -102 106*6-103 107 -106 110
-107*6
94*4- 94*4
93*4- 93*4
105
-104
108*4-107
109
-109
„
-
40*6- 39
35
_
-103
-
96-93
69*6-60
49*4- 42*6
42
-
Nash. Ch. dk St. L.—1st.. 100
Tenn.dk Pac. Branch..
McM. W. dk A. Brch... 87
91
-
-
_
Cecilian Branch
1st, pref. deben
2d, pref. deben
3d, pref. deben
4th, pref. deben
Nash.dk Decatur—1st...
-
33
24
_
-
6s
Minn, dk St. Eouis—1st..
M.K.dk T.,Cons.a.,’04-6
2d mort., income
Han. dk Cent. Mo., 1 st.
Boon. Bridge Co., 7s..
Union Pac., So. Brch..
Mobile dk O.—New m„ 6s
91
36
-
-
-103*6
45
_
-112*6 115*6-115*6
-110% 116*6-116*6 121 -11894
Cons, reg., 1st
115 -113*4 117*6-116*6 117
-116*6 118*6-116*6 119*6-119
Cons, coup., 2d
108*6-105*6 no -108 110 —109 110*6-110 113*6-111
Cons, reg., 2d
108*6-104 109*4-108 109*6-109
116 -115*6
Eouisv. dk Nash.—Cons.. 108%-107% no -106%
111*6-110 110*6-107 11194-110%
2d mort
97*6- 9194 100
99
9494 100
103*6-100 102 -101
Marietta & Cin.—1st—
93*6- 91
24
92
Buff. & Erie, new bds.
Det. M. dk T.—1st, 7s... 112 -112
111 -111
Eake Shore Div. bds... 112*4-112*4 116
-11594
Cons, coup., 1st
114*6-113*6 11794-117
Long Island—1st
88*6- 86
-105*6 107*6-10594 109 -107*4 108 -107 110 -106*6
-104
103*6-103
105 -103*6
11094-110 110*6-110 110*4-110*4 108 t-108
105
.
2d C., Main Cine
Inc. and Iud’y
Illinois Central—
Cedar Falls dk M., 1st.
Ind’lis. Bl. dk West.—1st
Iud’aBl. & W., 1st, 7s..
2d mort
Income
85
-
_
87
88
-
80
:
87*6- 87*6
93
-
93
THE
1880. J
January 10,
CHRONICLE,
35
COURSE OF PRICES OF RAILROAD BONDS —Concluded.
JANUARY Febr’ry.
April.
March.
May.
JUNE.
BONDS.
July.
August. SlJPT’BER October. Nov’ber.
Dec’ber.
High. Low High. Low High. Low High. Low High. Low High. Low High. Low High. Low High. Low High. Low
High. Low High. Low
N. J. Southern—1st, 7s.
00-35
_
6s, 1887
6s, Real Estate.
6s, Subscription.
42-40
100)6-104^ 1O0%-1O5%
.
108
-
-
_
104
.
-107
38
-105
10734-1073^
'
u
38
44-39
40
40
8934- 39%
-105% 10534-1043*i 105%-105% 105%-104% 105%-105 105%-105* ,108 -107% 10336-103
109 -109
10834 108%
109 -109
-
107
-
-
....
...
105
1O0%-1O0%
-11834 123%-121% 121%-121
-
....
-105
123%-121% 124%-123%
104
-104
120
-124%
120
-123%5125 -125
7s, Hud. R., reg., 1st. 118%-118%
Hud. R., 2d in., S. F.. 10994-109%
Can. So.,1st, int. guar
78%- 7636
Harlem, 1st, 7s, coup. 123 -121
122%-120%
1st, 7s, reg
N. Y. Elevated—1st
10034-10134
123%-123% 122%-120^ 12434-122% 120 -125 120 -120
123%-123% 124 -122% 124 -124 12334-121 124 -122% 124 -124 125%-125
10034-104% 100 -103% 115 -105% 11634-113% 110%-115% 112%-11034 11136-HO
North Missouri—1st....
110
123%-122% 122%-122>i
110%-110 111 -110
81%- 78% 80
773t,82-79
.
.
123%-123
.
.
.
109
124
113%-111
84
81
-
.
.
1st, Springfield Div...
Or. R. & Nav. Co.—1st.
-110
_
_
-
_
_
.
107%-105%
110
98%- 94%
97%- 92%
101
.
_
Union Pacific—1st
Land Grants
104
.
11236-H2
11236-1H
—
.
.
reg.
125
-125
-124%
126
-124% ,126
-126
-124
125
-125
-
111
-111
-103
.
t
__
105
__
100
92% 100
-
-
_
-105
104
_
-104
95
95
-
-
125
-
-
....
-
...
113%-109%
114
-125
-112% 115%-113%
-
110
-108% 111
-101
100
-
100%-100
102
-100
-
-109% 110%-110 111%-111
98% 100
98% 10236- 99%
-
102
-101
102
__
-101
10634-10634
103%-102% 104%-103% 101%-101% 102 -101%
105 -103% 104%-104% 105%-10334
104%-104
107
-105
_
_
107%-105% 110%-107% 109%-107% 111 -109
111%-108% 113%-111% 112%-111% 11134-109
109%-107% 11534-109% 109%-107% 114 -109%
10836-108%
10834-105% 10034-105% 105%-104% 106 -104%
105 -102
10536-104% 100 -102% 107%-104%
90%- 91
9834- 94
97%- 94%
94%- 94
_
.
112 -112
112%-112
8734- 85% 88
8531 90
87
12634-125 124%-l-24% 12536-124
102
__
IOO34- 9834 100%- 98% 104%- 98% 104%-104 103%-103% 103%-103
1O0%-1O5 1O0%-1O3% 1O0%-104% 107%-10636 10834-107% 106 -104
_
.
113 -111% 114%-11S34 114 -112
115 -114
110%-109% 111 -111 113%-112% 11334-112
110%-110 112%-110% 113 -112% 113 -112%
98% 105%- 99 112 -105% 111 -109 111 -109
40
36
66-50
79
05
61% 75
97%- 91
64%- 9234
-
_
1
2d inort
South Pac. of Mo.K.ansas Pacific-
-125
120
11336-H3
113%-113
-108% 110 -107% 111%-10934 112%-110% 11236-112
109%-109% 109%-108
98% 100%- 98
99%- 90
102%- 99 10234-10134 10134- 99% 101%-100
99%- 9734 98%- 90
100%- 97 103 -100% 103 -102 100
99
99%- 99
_
.
Sinking Fund,
125
11136-110
-
_
-109
125
-
i
109
11436-113% 114%-11434
Pacific Railroads—
State Aid
Land Grant
Western Pacific.....
So. Pac. of Cal.—1st.
124%-124
-125
-123
-
.
125
124%-124
110 -110
110 -110
110 -110
110%-110
87%- 83% 88%- 85% 87%- 84% 87%- 84%
-104%
-108% 112
11234-111
116%-113% 11734-H0
106%-104% 111%-107% 107 -100 110%-106% 112 -110% 112%-111
107%-105 111%-108% 107 -100% 110 -106% 111%-111% 112 -111%
87-75
93
90
95%- 85'
94
93
94%- 92
9434- 92
.
Consolidated.
2d consolidated..
124%-124% 12434-12434
-
.
10434-103
...
.
-104
122
t
100
112%-110% 112%-112 110 -10934 10936-10834 11034-108% 11034-109% 110%-10936 11136-HO
113%-112 113%-11334 113%-113 113%-112% 115 -113 113 -HI34 112%-112 113 -112%
115 -113% 115 -113% 115%-114
116 -113% 114 -111
114%-111% 114%-118% 115 -113%
«.
114%-114
__
113%-113%
-103% 103%-102% 10034-10334 100 -10434 106%-105
-109
107%-107
107%-103% 106%-104. 106K-106 107%-10436 111 -107%
98
99% 98
9736 98
98%- 97 101%- 99 101%-101% 103%-101%
_
108%-105% 10836-107% 108%-107%
110
-107
100
-
110
97%
100
-
105
-
-
112%-109% 11434-114 110 -118
120 -118
11736-117%
106%-101% 11334-100% 110 -112% 11836-114% 11936-118 118%-117 ~ 118 -112% 11554-114%
75
75
82
40%- 40%
75
84%- 82
8334- 8334
10334-10334 113 -113
98
81%- 73
81% 10834- 94 111%-105% 11256-110% 11634-112% 100 -100
100 -100
109 -109
115%-114% 119%-117 117 -116 U7%-117%
114
-113
118
-116%
117
114
-113
114%-114
-117
119
-119
11134-110
_
-
Coup. ctf..
-
97
9G%- 90
..
95
-
97%- 97%
-
40
-
Inc. coup., No. 11....
fnc. coup., No. 16....
-
31
-
25
10
69 %-
40% 92%- 75
93
-
87
42
29
70
-
09
-
68
31%- 15
4234- 29
97%- 80% 108%- 94
-
80%- 75
121
71%- 89%
-120
123
-121
124
110%-115
121
-121
121%-121%
-12234
114
41
72-68
71
....
-
122
-122
....
125
-124
122%-122%
-112% 110 -110
114%-ll4% 118 -117
-112% 118 -118 117 -115 118 -110 115%-114
107 -105% 110 -110
111 -110% 110%-110
109%-109%
01%- 58% 60%- 59% 05%- 60% 72
61% 80-68
25
21
39%- 18
18%i 24%- 22% 30
29%- 22
03
63
65
60
77%- 04
2d mort.
-
-
-
....
67% 65
-
121
....
65
99
-
98
103
60
-
57
79
78
-69
-100
75
77
-
75
7836- 73
77
-
73
-
_
106
-
74
-
68
-
20
-
22
-
7256- 7134
115
-114 ’
108
-108
120
-
....
10536-10536
-120
-
'■
-
-
-
_
80
-
_
70
-
'
29
-
25%
120
-120
118
-11734
111
-111
90-79
88%- 85
46
38-
50-43
7834
88%- 84%
8834- 84%
44
4136
-
-
_
80
81%- 71% 8034- 73
7536
80
75
78% 79
30-28
34%- 27
3736- 32%
ary
*
L27 -120
128 -125%
124%-122% 125%-120
80%- 70- 79%- 75%
69% 81%- 73
30
29%- 25
27% 3736- 34
29% 33
74-68
7634- 72
_
-108
80
....
10896-105% 10334-100% 10234-101
-120
....
110
-
_
-IOI34 105%-101% 10634-104
120
-
-121
101%-101
125%-125% 123%-123% 128%-128 126%-126% 128 -128
124 -124
120%-120 122 -120% 122 -122 125 -121
....
■
-
_
1st assented
1st supplement
2nd assented
71
60
_
110
4tli mort.
-
1U%-105% 112%-110% 116 -116
111%-111% 113 -109% 117%-100%
Pennsylvania RR.—
2d mort.
3d mort.
-
96%- 95%
-
89
-
88-78
-
45
35%
-
-
Income^
33-33
Pull. Pal. Car—7s, deb..
99%- 98% 100
99%
33
3434- 31
10034-10034
-
Rome Wat. & Og.—Con. 35
St. Louis & I. M.—1st... 111
2d mort
-
-110
111
-110
34-30
111
-110
_
49%- 30%
59%- 44% 08%- 53% 6934- 62%
11134-110% 116 -112% 110%-114% 11736-115 114 -111%
95-84
94
92
95-94
85%- 80
94%- 92
99
97
06%- 94
9536- 95%
99%- 95 102
99% 98%- 96% 99-97
93
92%- 92% 93
-
Arkansas Branch
Cairo & Fulton, 1st....
Cairo Ark. & T., 1st...
1st, 7s, pref. interest..
6s, interest accum’e...
St.L.K.C.&N.—R.Est’e.
30%- 30
-
-
_
-
00
99%- 90
Omaha Division—
St. Charles Br’ge. 1st.
St. L. A.&T. H.—1st— 111
2d mort., pref.
80
2d mort., income.
40
<
102%- 99%
_
-111
-
82
83
-
81
41
40
-
4434 44-44
108
59
68-59
69
-
67
50
-
50
69
-
67
-
-105
-
105
_
00-00
75
-
-
S7%- 31
44
-
-
40-34
45
-
58
-
-105
-
57
80
-
70
74
35%
38%
49
-
41
42%- 41
50
-
44
46-44
-
70
-
50
75
-
73
-
95
-
95
L00%-100%
L02
Gt.
Western—1st,
ex c.
2d mort,, ex coup
Q. & Toledo—1st,
32
-
28
93
-
93
101
-
52
74-64
106
-106
-100
105
-100% 107
107
94
100
-100
-
89
-
75
72
-
102
-101%
100
-
97
90
-
78
74
-
90-87
88-86
88-84
5834- 54
60-52
65
-
65
68-02
57
60-54
09
-
00
69-64
90-96
61%- 58%
96%- 94%
97
-
98%- 98
9934- 99
-
47
94% 97-96
108%-108% 109 -108%
101
45
-
90
_
_
_
33
50%- 4234
-106
106
-100
107
-101
r
t
•
81
90
-
86%
73%- 58
71
-
65 '
-
-115
125
-125
125
-122
-108% 110 -115
115
124
-123
121
-120
-107
107%-107
110
63-63
01%- 01%
6136- 61%
108%-107
108%-10834 109%-109
101%- 9836 104 -100 10734-103%
109
-108
109%-108% 111 -109% 109 -107 - 108 -107
104
94%- 93
9434 99%- 94% 98%- 95
95
-
92
89
-
8434
87
-
8556
92%- 80%
94
-
8834
57
-
20
40
-
25
40
41
-
41
-
-
83-80
88%- 79%
10-8
51
-
10
-
40
94
-
-
91
40
_
—
100-94
-
100
-
#
-
40
—
95
102-96
,
■
__
-
80
94-92
91
Ia.—1st, ex c.
Wabash RR.-7s, 1879.
99
-
92
95
97-94
-
91
94-90
93
-
-
-
95-94
.
73-55
L12
-112
L12
11336-11334 L12
...
-
....
L10%-110%
-
,
-
T
_
75-68
115
-110% L15%-112%
-112
_
83
85%- 74% 87%- 83% 87
95%- 86
111 -10834 107%-107% 107%-106
10736-107
93
89% 9436- 90% 99-94
9256- 80
93
.Consolidated Conv
.
-102
88-85
_
-
L12%-112
100
5534- 43%
107%-10636 108%-108%
78
73
07% 67
62% 7734- 57
7434- 72
110 -107
LO734-1O034 LOO -103% L06%-104
L08%-105% 10834-107%
80%- 79% 84%- 82
82%- 80
88%- 79% 8834- 84
8634- 85
94
77
10734-10634
_
25
106%-104% 108 -10434
88
85% 93%- 84%
-
-
-
68-60
83-75
-100
85-81
-
79
101%-100
-100
25
80
98
73
33%- 32%
100
-
-
62
111%-111% 113 -112
8736 9634- 95
97%- 95
-
104%-103
9836- 08
09
-
102%-102
103%-10234 104 -103
107 -106
10536-105% 10636-103
10334-10334 103%- 99% 102%-102
93
100
-
71
-11234
97-96
9534
10336-102
104%-103%
100
99%
8236- 79
-
39%
30%- 30%
100
91
Registered
-
103%9936803679%-
97
-
_
-101
80-85
West. Un. Tel.—Coup.... 112 -110
101
99%- 95
102%- 97
9734- 90
74%- 65
9734
99%
99%
90%
7434
62
-
_
ex c.
III. «fc So.
-
75
48-42
44-41
-101% 100%- 97
80%- 74
01
100
68-54
114
-112
44
•_
-
-
92
113
_
_
Equipment
Cons. Convertible
Do. ex coupon
-
j
-
i
100
_
—
-
-114
50-50
_
_
115
-
55
56-50
109%-109%
05
-112
-’62%
69
69,%- 63
113
65-48
99*%- 98% 102%- 98 105 -102% 104%-104 105%-104% 100 -105
102%- 96% 104 -101% 10534-104% 105%-10534 105%-10534
10356-102 % 10356-103
112 -112
114 -113% 11734-115 - 115 -115
81
81
85
82
82%- 80
8534- 83
84% 85
89%- 88%
-
Belle. & So. Ill,-1st... 105%-100
St. L. & S. F.—Class A.. 50-50
Class C
32
30
Class B
35
32
St. P. ife Sioux City—1st.
St. P. Min. & Man.—1st.
Spring Yal. W. W.-lst.
Tex. & Pacific—1st m
Consols
Inc. & L’d Grant, reg.
Third Avenue—Coupon.
Toledo Peoria & War.—
1st, Pur. Com. R.,E.D. 103
98
West. Div
102
97
1st Pref. Inc. for 2d m.
Consols
Tol. & W.—1st ext., ex.. 110J4-109
1st, St. Louis Div., ex. 93
91%
2d mort. extended
109%-105
Do. ex coup
87 - 80
-
67%- 63
-115
96-93
100
-
95%
109
-10834
99
94% 100%- 98%
99
9636- 06
97%
99-99
9936- 98
93
86% 94%- 91
-
-
-
71
L14
L14
-
71
77-73
-113% L15 -115
-114
11436-114%
L12
-111
80-77
-115
115
«
-f
•
t
THE CHRONICLE.
36
RAILROAD
EARNINGS
IN
GROSS EARNINGS, EXPENSES AND NET EARNINGS.
DECEMBER, AND
gives the gross earnings, operating expenses and
netesirnings for the month of November, and from Jan. 1 to Nov. 30,
of ail 6uch railroad companies as will furnish monthly exhibits for
publication:
The
large railroad earnings in October and November were
remarkably well in December. It will be noticed in
the table below that two roads only showed any decrease com¬
pared with December 1878, and the grain-carrying roads of the
Northwest, which were expected to show a falling off to some
extent in December, are still able to show a large increase.
The increased earnings on several roads are conspicuous—
thus $344,488 on St. Paul, $262,315 on Atchison Topeka
& Santa Fe, $231,462 on Chicago & Northwestern; but all
these roads are operating an increased mileage. The South¬
western roads make a handsome exhibit: Chicago & Alton has
an increase of $193,926, St. Louis & Iron Mountain $196,480, St.
Louis & San Francisco $110,260, Mo. Kansas & Texas, $137,460.
IVom the Wabash St. Louis & Pacific we have nothing.
The report for the year 1879 is exceedingly favorable, and
this is more important from the fact that the comparison is
made with 1878, when the gross earnings were very large. On
the roads embraced in the table below, the actual increase in
gross earnings was $ 9,249,376, or about 9 per cent.
A number of desultory reports are published in the news¬
papers, which we give for what they are worth, as follows:—
Union Pacific, net earnings in October, 1879, $1,099,842, against
$1,012,965 in 1878; for December an increase in gross earnings of
$170,000. Boston & New York Air Line for November, 1879?
$22,219; operating expenses, $8,498; net earnings, $13,721. Lake
Shore for December had gross earnings $336,000 in excess of
Atlantic Miss. A Ohio—
Gross earnings
Oper’g exp. (incl. extr’y)..
$
$
175,892
1,546,285
93,639
123,296
888,956
1,575,216
1,094,206
86,331
52,596
657,329
481,010
147,785
92,203
129,494
88,104
1,359,745
888,672
1,402,991
998,902
55,582
41,390
470,073
404,089
52,761
25,332
42,655
20,527
27,429
22,128
148,073
117,144
151,240
119,699
1,757,376
1,377,384
1,770,466
1,470,814
30,929
31,541
379,992
299,652
12,020
10,720
23,686
1,300
15,938
3,002
-1,490
3,716
1,930
37,490
16,655
34,647
18,964
1,512
1,780
20,835
15,693
429,804
158,322
408,133
2,823,453
147,137
1,606,758
2,540,517
1,584,005
271,482
260,996
1,216,695
956,512
International A Great North.—
Gross earuings
244,813
Net earnings
Burl. Cedar Rap. A North’n—
Gross
earnings
Expenses
Net
i
earnings
Gross earnings
Operating expenses
Net earnings
Chesapeake A OhioGross earnings
Operating expenses
Net earnings
Dakota SouthernGross earnings
Operating expenses
"NTp.t.
en rnings
$
Atchison A Nebraska*...
Atch.TopekaA Santa Fe.
Burl. Cedar Rap. A No..
Cairo A 8t. Louie*
Central Pacific
Chicago A Alton
Chicago A East. Illinois.
Chic. Milw. & St. Paid..
Chicago A Northwest..
Chic. St. P. A Minnesip..
Chicago A West Midi*..
.
Clev. Mt. Vernon A Del.*
Detroit Lans. A No.*
Grand Trunk of Canada t
Great West’n of Canada!
Hannibal A St. Joseph..
Illinois Central (Ill. line).
do (Iowa leased lines)
Internat’l A Gt. North..
Kan. City F. 8. A Gulf*.
Kan, City Law. A So.*..
Louisville A Nashville..
Missouri Kansas A Tex..
Mobile A Ohio
Paducah A Elizabeth fc’n*
St. L. A.AT.H. main line.
"
'•
40,903
586,500
176,204
22,010
1,311,000
534,873
80,025
1,061,000
1,312,300
120,822
38,959
14,688
7,322
1,432,918
340,947
63,329
716,512
1,080,838
96,876
29,626
21.753
58,663
749,179
48,007
626,826
402,907
197,115
478,778
128,877
213,901
62,093
30,670
630,000
380,028
317,470
27,338
108,482
287,847
62,750
8cioto Valley
.Toledo Peoria A Warsaw
664,675
212,896
48,371
102,864
30,379
111,9S1
Total
Net increase
262,315
24,667
(branches)
St. L. Iron Mt-. A South’u.
St. Louis A 8. Francisco.
St. L. A S.E.—St. L. Div.*
St.Paul A Sioux City,Ac.
324,185
124,676
Gross
earnings
Operating expenses
Net earnings
Houston A Texas CentralGross
earnings
Operating exp. and taxes.
.
.
Net earnings
-
.
10,328,680
178.567
465,234
118,327
222,872
43,056
20.732
505,843
242.568
290,586
18.733
72,962
48,606
344,488
231,462
Atchiso^T&Nebraska*..
Atch.TopekaA Santa Fe.
Burl. Cedar Rap. A No..
Cairo A St. Louis*
Central Pacitie
Chicago A Alton
Chicago A East. Illinois.
Chicago Milw. A St Paul
521,540
6,338,447
1,534.949
264.482
'17,127,149
5,745,880
890.483
10,009,000
Ohicaeo A Northwest...
Chic. St. P. A Minneap..
16,084,778
Chicago A West Mich*..
Clev. Mt. Vernon A Del*
Detroit Lans. A No.*
Grand Trunk of Canada
Great West’n of Canada.
Hannibal A St. Joseph..
HL Cent. (Ill. line)
do
(la. leased lines)
Internat’l A Gt. North..
632,025
388,601
1,091,902
9,003,164
4,486,334
1,936,528
5,513,269
1,463,434
1,771,494
863,275
476,146
5,948.542
3,343,373
2,128,331
.
Kpii. City F. 8. A Gulf*.
Kan. City Law. A So.*...
Louisville A Nashville
Missouri Kansas A Tex..
Mobile A Ohio..*,
Paducah A Elizabethan*
8LL. A It. AT. H.(brc’hs).
St. L. Iron Mt. A South’n.
St. L. A S. E.—St. L. Div.*
St. Louis A S. Francisco.
8t. Paul A Sioux City, Ac.
..
Scioto. Valley
Toledo Peoria A Warsaw
Total
Net increase
1878.
$
1,169,900
327,253
559,642
5,301,873
719,420
1,653,843
1,133,802
317,822
1,242,218
432,664
'
141,070
503,262
545^131
690,000
338,379
591,370
292,923
5,318,542
4,849,257
3,082,192
2,929,318
351,621
298,442
2,236,350
1,919,939
75,321
81,673
620,827
.
50,790
40,051
433,546
590,612
390,601
.
24,531
41,322
187,281
200,011
'
.
OAP;
156 99 4
1 615 224
102,117
83,934
i;019;336
1,482,130
972,527
72,128
73,060
595,888
509,603
.1,515,835 1,381,391 15,110,876 13,928,479
957,638
863,31010,512,91*8 9,455,965
.
Net earnings
558,197
.
518,081
Pennsylvania (all lines east of Pittsburg A Erie)
137,460
26,884
8,605
35,520
4,597,948
4,472,514
—
Gross earnings
Operating expenses
3,131,997 2,996,101 31,166,354 29,031,438
..1,785,548 1,605,851 18,440,809 16,795,632
Net earnings
Philadelphia A Erie-
.1,346,449 1,390,250 1 2,725,485 12,235,906
earuings
Operating expenses
Gross
14,144
.
273,168
162,719
317,163
205,980
2,787,752
1,942,670
2,695,753
.
110,449
111,188
815,082
805,542
.
656,832
.
311,934
535,411
323,777
4,637,198
2,781,731
4,046,126
2,326,640
344,898
211,634
1,855,467
1,719,486
71,543
41,776
52,036
27,306
583,278
587,341
301,588
Net earnings
.
1,890,211
St. Louis Iron Mt. A Sout’n-
earnings
Operat’g and extra’y exp
Gross
Net
130,889
earnings
.
Southern MinnesotaGross earnings
.
Expenses
.
287,298
Increase. Decrease*
$
83,876
295,980
285,753
29.772
24,730
October figures have hut recently como to hand.
Octo ber.
.—July 1 to Oct. 3 L»-*n
Net earnings
$
The following
.
,
«
1879.
480,302
Grand Trunk of Canada—
£
..
.
/
.
108,922
47,307
.
1879.
£
£
1878.
£
619.899
181,976
126,766
125,516
641,355
470,098
467,245
66,669
56,460
171,260
152,654
October./—Jan. 1 to Oct. 31.—>
1878.
1878.
1879.
1879.
,
$
.
18/8.
193,435
Burl. A Mo. River in Neb.—
,
$
$
1,793,702
$
574,433
1,553,677
503,642
249,212
1,219,269
1,050,035
87,655
38,663
72,211
43,587
608,827
395,588
540,470
397,137
48,992
28,624
213,239
143,333
346,433
53,809
307,581
58,369
292,624
uis Div.—
75,124
.
.
.
UNITED STATES TREASURY STATEMENT.
following statement, from the office of the Treasurer, for
January 1, was issued this week. It is based upon the actual
returns from Assistant Treasurers, depositaries and superintend¬
The
37,174
109,983,949 100,739,573 9,962,772
9,219,376
* Three weeks only of December in each year.
t For the four weeks ended December 27.
1 For the four weeks ended December 26.
127,943
.
Operating expenses
124,157
7,282
1,527,667
227,332
37,150
17,607,451
4,671,519 1,074,361
806,803
83,680
8,451,762 1,557,238
14,999,740 1,085,038
942,345 227,555
525,729
106,296
370,174
18,427
963,188
128,714
8,779,527 223,637
4,421,423
61,961
2,045,450
5,560,576
1,538,558
1,626,238
145,256
818,930
44,345
426,267
49,879
5.355.100 £93,442
2.983.100 360,273
213.358
1,909,973
313,623
13,630
506,228
53,414
4,514,321
787,552
646,107
73,313
1,208,467 445,376
1,100,889
32,913
230.348
earnings
Expenses
Net earnings
3,934,115 2,404,332
1,243,959
.
...
Gross
8,971
8,283,869 2,175,700
2,044,811
earnings
N. Y. Lake Erie A West.—
Gross earnings
19,037
9,938
10,247
23,937
858,235
1
13,544
10,550
20,132
88,044
1,403,366
1,054,331
Mobile A Montgomery-
Operating exp., incl. taxes
115,060
18,548
196,480
110,260
4,565
6,364
.
.
Net earninsrs
23,946
9,333
2,914
10,656
122,353
468,195
102,636
43,806
96,500
1,557,593
92,931
Nashv. Chatt. A St. Louis—
GROSS EARNINGS FROM JAN. 1 TO DEC. 31.
1879.
Gross earnmgs
Operating expenses
Net
121,918
r
234,001
116,870
Louisville A Nashville—
51,528
193,926
16,696
7,698
Frankfort A Kokomo-
Net earnings
1878.
Increase. Decrease.
$
$ $
27,442
13,461
$
Carolina Central-
Expenses
1879.
.
$
.—Jan. 1 to Nov. 30.—»
1879.
1878.
.
179,970
GROSS EARNINGS IN DECEMBER.
44
November.
1879.
1878.
•
up
1878.
.
The statement below
FOR THE YEARS 1879 AND 1878.
kept
[VOL. XXX.
1,741
713,396
ents of mints and assay
offices
:
1.
redemption of certificates of deposit, June 8,
LIABILITIES, JANUARY
Fund for
1872
'
$10,515,000 00
Post-office Department account..
2,039,770 50
Disbursing officers’ balances
;
22,240,726 84
Fund for redemption of notes of national banks 44 failed,”
in liquidation,” and 44 reducing circulation”
:.. 13,199,202 25
44
\
:
THE
1£80.1
January 10,
Undistributed assets of failed national
Five per
cent fund for redemption
notes
Fund for
-
$686,392 11
banks. —.......
of national bank
16,100,447 05
—:—-----— -
238,940
3,378
62,010
44,293
redemption of national bank gold notes
Currency and minor-coin redemption account
Fractional silver-coin redemption account
Interest account
Interest account, Pacific
Co
Treasurer U.
-
Railroads and L. & P. Canal
*
S., agent for paying
Refunding certificates
Balance,
deluding bullion fund
$18,278,640
14,855,517
834,066
12,337,100
8,712,910
2.355,400
143,226,206
00
99
60
00
570 00
425,418 91
interest on D. C. bonds.
Treasurer’s transfer checks outstanding
Treasurer’s general account—
Interest due and unpaid
Called bonds and interest
*
Old debt
Gold certificates
Silver certificates
2,196,790 04
97
48
61
00
00
00
97
$2,219,782,40#
207,983,903?
Total cash in Treasury
Debt, less cash in Treasury, Jan. 1,1880
$2,011,798,504
2,016,049,72^
’
Debt, less cash in Treasury, Dec. 1, 1879
$4,251,217
15.408.751
Decrease of debt since Ji
June 30,1879
Current Liabilities—
Interest due and unpaid
Debt on which interest has
Interest thereon
$2,691,718
14,691,920
997,65#
21,050,010
10,245,000
ceased
158,307,590
$207,983,903
Total
Available Assets—
200,599,842 03
1.
$207,983,903
Cash in the Treasury
BONDS ISSUED TO THE
PACIFIC RAILWAY COMPANIES,
interest payable by the united
$157,790,321 84
Gold coin .and bullion
Standard silver dollars
Fractional silver coin
Silver bullion
Gold certificates
Silver certificates
United States notes
National bank notes
National bank gold notes
Fractional currency
including
Total debt, principal and interest, to date,
interest due not presented for payment
Gold and silver certificates
U. 8. notes held for redemption of certificates of deposit.
Cash balance available January 1,1880
$268,352,782 32
ASSETS, JANUARY
37
CHRONICLE.
33,168.064 00
18,881,629
4,492,421
740,960
4,888,658
22,660,493
15
19
00
00
88
3.048,862 58
193,845 00
68,864 23
11,732,314 28
Deposits held by national bank depositories
1,376,318 35
1,351,500 00
Nickel and minor coin.
New York and San Francisco exchange
One and two-year notes, &c.
Redeemed certificates of deposit, June 8,1872...,
Quarterly interest checks aud coin coupons paid.
128 50
425,000 00
2,470,581 88
3,352,481 75
Registered and unclaimed interest paid
507 64
U. 8. bonds and interest.
Interest on District of Columbia bonds
26,824 75
690,848 30
4,587 00
987,570 00
Deficits, unavailable funds
Speaker’s certificates
Pacific Railroad interest paid
$268,352,782 32
by U.
outstanding.
Central Pacific..
Kausas Pacific
Union Pacific....
Central Br., U. P.
Western Pacific..
Sioux City & Pac.
Balance of
interest paid
Interest
repaid by
transportat’u
by U. S.
$3,552,135 $13,687,990
$25,885,120
$17,240,126
6,303,000
27,236,512
1,600,000
1,970,560
1,628,320
4,616,613
2,370,109
2,246,503[
18,421,087
1,165,808
1,195,314
1,073,500
7,421,734
10,999,353
73,142
9,367
93,983
1,185,947
$64,623,512
$43,712,450
..
Total
>aid
Interest
Amount
Character of
Issue.
states.
1,092,665
979,510
$13,520,474 $30,191,976
illy”
1862, and July 2,1864; they are registered bonds in the denominatfonsr
of $1,000, $5,000 and $10,000; bear 6 per cent interest in currency,
payable January 1 and July 1, and mature 30 years from their date.
IPkmclarij! Commercial guglish Items
English Market Reports—Per Cable.
THE DEBT STATEMENT FOR
INTEREST-BEARING
to
®
03 •>■*
Sh
izing Act.
Amoimt
a
«
mP+
33
Feb. 8,’61 1880 J.&J. a
6s, Oregon War. Mar. 2,’61 1881 J.&J. b
6s of 1881
July 17,’61 1831 J.&J. c
3,’63 1881 J.&J.
July 14,’70 1881 Q.-F.
4*28 of 1891.... July 14,’70 1891 Q.-M
4s of 1907
July 14,’70 1907 4-j.
Mar.
......
c
c
c
c
Registered.
14,730,000
$3,685,000
821,300
130*,554,500
51.970.850
54,835,050
286,987,750
16.803.850
221,452,600
82,018,100
245,845,100
167,981,900
492,645,450
d. 527i6
97**ie
Silver, per oz
Consols for money
Consols for account.... 97**16
U. S. 5s of 1881
106*2
U. S. 4*2Sof 1891
110
U. S. 4s of 1907...^
1063s
Erie, common stock
44*2
Illinois Central
103
$1,786,680,850
$5,000 and $10,000. (b) $50,
(c) Coupon, $50, $100, $500 aud $1,000; registered,
(a) Coupon. $1,000; registered, $1,000,
aud also $5,000 and $10,000.
issues of bonds there is a total of $2,691,718 of interest
over-due and not yet called for. The total current accrued iuterest to
date is $20,994,973.
same,
On the above
DEBT ON WHICH INTEREST HAS CEASED SINCE MATURITY.
tot^f^of over-clue detyt yet outstanding, which lias never
been preSmted for payment, of $14,691,925 principal and $997,658
interest. Ofehis interest, $863,865 is on the principal of called bonds,
which priucipftf is as follows: 5-20s of 1862, $399,350; do 1864,
a,
Sat,
d.
Flour (ex. State) $
..
Certificates of deposit
Fractional currency..
Gold certificates
Silver certificates
Authorizing Act.
July 17, ’61; Feb. 12, ’62
Feb. 25, ’62; July 11, ’62; Mar. 3,’63
Juno 8
^72
July 17,’62:
March 3, ’63
Mar*37*63; June 36/64
February 28, ’78
Amount.
$61,350
346,6S1,016
10,245,000
15,674,303
12,337,100
8,712,910
$393,711,679
7,597
Aggregate of debt bearing no interest.
Unclaimed Pacific Railroad iuterest
Outstanding.
Bonds at
4.per cent.
Refunding certificates
Navy pension fund
—
j
Interest.
$273,400,550
508,440,350
250,000,000
738,490,550
2,355,400
14,000,000
Total interest-bearing debt
Debt on which int.has ceas'd since maVrity
Debt bearing no interest—
Old demand and legal-tender notes—
Certificates of deposit
Fractional currency
Gold and silver certificates
$1,786,686,850
$23,686,697
14,691,925
997,658
Total debt bearing no interest....—
Unclaimed Pacific Railroad interest
$393,711,679
Total
52%
52%
97**10
97**!o
97**16
97**10
97*»1S
97*3j6
110*4
1063s
1063s
435g
44*4
44*8
103*2
103 *2
103
5234
523*
36%
37
52%
‘
9.
106*9
106*2
110*4
1063s
44%
104*2
52%
36%
110*2
106*tf
441*
104*2
52%,
36*«
Wheat,spr’g,No.2,1001b.lO 11
“
Spring, No. 3...
Winter,West.,n.
Southern, new
Av. Cal. white..
California club.
7
“
11
8
“
11 2
118
.
“
Coru,mix.,W.old$cent,l 5
do
do
“
new.
7
10
11
“
5
8
30
10
10
11
11
11
11
5
5
7
s.
30
10
10
11
11
11
11
5
d.
0
10
6
6
7
1
8.
30
8
10
10
11
11
11
11
5
7
5
r*
4
5
d.
d.
30 0
0
1010
10
10 6
6
5
11 5
11 6
6
1
11 1
11 7
7
7*2 5 7*2
Cheese, Am. choice
“
Wed.
Tues.
d.
8.
59 0
37 0
38 0
82 0
39 0
Mon.
d.
8.
59 0
37 0
38 6
82 0
39 6
68 0
Sat.
d.
.59 0
37 6
38 6
82 0
39 6
68 0
d.
59 0
36 6
37 6
82 0
39 3
68 0
8.
0
68
8.
5
6*2
Liverpool Provisions Market.—
8.
Frf.
Thurs.
Wed.
Tues.
d.
0
11
7
7
8
2
8
8
7
s.
30 6
1010
10
O
11
5
11
11
11
5
G
1
r
7
7*s
5
6*2
Thurs.
d.
8.
59 0
tf*
8.
FrJr.
<7*
59 O
s.
36
0
36
G
37
82
39
68
0
0
3
0
37
82
0
39
o
G
68
O
London Petroleum Market.—
Pet’leum, ref. $ gal.
Pet’leum, spirits “ .
Wed.
d.
Tues.
d.
Mon.
d.
Sat.
d.
G38<Z'6*2 6*43638
®
..
..
'a)
..
.
V)
..
..
FrL
Thurs.
d.
..
‘a)
d.
6®6*s
..
/a> '
..
..
Commercial aufifUisceUauraus Hems,
Week.—The imports of last
compared with those of the preceding week, show
an increase in dry goods and a decrease in general merchandise*
The total imports were $7,862,989, against $8,590,830 the pre¬
ceding week and $8,285,202 two weeks previous. The exports
for the week ended Jan. 6 amounted to $5,906,669, against
$6,745,856 last week and $8,554,865 the previous week. The
following are the imports at New York for the week ending
(for dry goods) Jan. 1 and for the week ending (for general
merchandise) Jan. 2:
FOREIGN IMPORTS AT NEW
YORK FOR THE WEEK.
1879.
1880.
Dry Goods
$1,209,883
$1,385,869
$1,276,810
$1,381,48#
Total week
Prev. reported..
$3,2o9,709
$1,977,793
$4,267,832
$7,862,939
7,597 | Total s’ce Jan. 1.
$3,259,709
$4,977,793
$4,267,832
$7,862,989
1877.
316,742,366
10,245,000
15,671,303
21,050,010
$2,195,090,455
106*2
110*4
1063s
lOGSg
106*2
110*4
Jan*
8.
week,
Amount
Bonds at 6 per cent
Bonds at 5 per cent
Bouds at 4*2 per cent
523s
FrL
Imports and Exports for the
RECAPITULATION.
Interest-bearing debt—
52716
97»i6
979l6
Mon.
bbl..30- 0
Short clear
DEBT BEARING NO INTEREST.
Old demand notes
527lts
979ie
97*16
37
s.
4,541,150;dodo 1865.
1868, $1,614,800;
10-40s
of 1864,
t71,050;
$124,150; do
new, $6,446,050;
$790,100; 3’s
do certs.,
1865,
1867,
$5,000.
Legal-tender notes..
Thurs.
Jan.
Liverpool Cottm Market.—See special report on cotton.
Liverpool Breadstuff* Market.—
denominations, of each issue of bonds are as follows:
Character of Issue.
Wed.
Jan.
7.
3.
Pennsylvania
53
Philadelphia& Reading. 37*4
$2,355,400
14,000,000
Aggregate of interest-bearing debt....
There is
Tues.
Jan.
6.
Jan.
Coupon.
‘
26,’79
4s, ref uud’g ctfs.
3s, navy pous. f’d July 23,’68
$100 aud $500.
Mon.
Jan.
5.
Sat.
Feb.
The sizes, or
Oustanding.
6
6a of 1880
6s of 1881
5s of 1881
,
f-, o
Author¬
.Character of
Issue.
DEC., 1871).
DEBT.
«-0
daily closing quotations in the markets of London and
Liverpool for the past week, as reported by cable, are shown in
the following summary:
London Money and Stock Market .—The bullion in the Banlt
of England has increased £27,000 during the week.
The
General mdse...
$2*1,691,953 I
4,049,826
1878.
3,591,924
The following is a statement of
2,991,013
6,481,501
the exports (exclusive of
/-T!
38
IHE (JHRONLOLE.
specie) from the port of New York
week ending Jan. 6:
to
foreign ports for the
EXPORTS FROM NEW YORK FOR THE
WEEK.
32—Str.
1877.
-
For the week....
Prev. reported..
$3,931,539
Total sice Jan. 1.
$3,981,539
1878.
1879.
$6,477,544
1880.
$4,429,575
$5,906,669
$6,477,544
$4,429,575
$5,906,669
The following will show the
exports of specie from the port
of New York for last week, and also a
comparison of the total
for the year 1879 with the totals for several
previous
years:
Dee.
30—Sclir. C. Bonnell
30—Str. Acapulco
Hayti
Greytown
Mex. silv. dols.
Peruv. sil. soles.
$998
.
[VOL. XXX.
Amount retired under act of Jan.
14, 1875, to May 31, ’78 ’ $35,318,984
Amount outstanding on and since
May 31, 1878
346,681,016
Amount on deposit with the U. S.
Treasurer to redeem
notes of insolvent and
liquidating banks, and banks
retiring circulation under Act of June 20,1874
13,374,757
Iucrease in deposit during the last
month
252,978
Increase in deposit since Jan. 1,1879
2,802,992
Statement of the Comptroller of the
Currency, showing by
States the amount of National Bank
circulation issued, and the
amount of Legal Tender notes
deposited in the United States
Treasury to retire National Bank circulation, from June 20,1874,
to Jan. 1,1880, and amount
remaining on deposit at latter date.
2,822
Legal-Tender Notes Deposited to
Total for tlie week ($3,820
silver, and
$
gold)...;
$3,820
Previously reported ($12,376,054 silv., and $2,074,469
gold)$14,450,523
Tot. for tlie year ’79 ($12,379,874
silv., and $2,074,469 gold).$14,454,343
Same time inSame time inSame time in—
1878
$12,400,384 1874
$62,4o8,440 1870
$58,689,171
1877.....
26,226,848 1873
49,303,185 1869
32,108,448
1876
43.646,438 1872
71.545,275 1868....: 70,341,599
1875
69,097,437 1871
63,865,547
The imports of specie at this
port for the
been as follows:
Dec.
29—Schr. Clotilde
29—Str. City of Austin..
29—Str. Niagara
29—Str. Santiago
29—Schr. Potosi
29—Str. C. of Merida
Hayti
.British
Cuba
Cuba
Mexico
Mexico
31—Str. Colon
Jan., 1880.
U. S. of
Atlas
1867.....
Am. silv. coin..
West Indies.Am. silv. coinr.
Am. gold coin..
Am. silv. coin.. !
Am. silv. coin..
For. gold coin..
Am. gold coin..
For. silv. coin..
Am. silv. coin..
Colombia...Am. silv. coin..
$1,000
868
970
417
1,500
4,962
58
387,010
1,124
446
British West Indies. Am. silv. coin..
British West Indies.For.
gold coin..
South America
Silver bullion..
Bermuda
3--Brig Anita
Total for the week ($396,075
silver, and
3,360
5,693
350
$11,633 gold)
$407,758
Of which in 1879 ($392,365
silver, and
$5,990 gold)
$398,355
Previously reported ($7,924,702 silv., and $75,853,707
gold).83,778,409
Tot.for the year ’79 ($8,317,067
silv., and $75,859,697
Same time in1878
$19,170,095
1877
15,142,553
1876
25,737,562
1875
12,879,116
*
The
Same time in1874
$6,264,464
1873
18,779,929
1872
5,547,3 LI
1871
8.613,290
following table shows
Sub-Treasury in this city,
the
f
Jail.
“
“
“
“
“
3...
'5...
6...
7...
8...
9...
Total
as
1,019,669
1,125,409
794,315
951,311
869,809
852,350
as
$
65
55
98
72
02
93
$11,581,771
1869
14,976,001
7,163,070
1868
the balances in the same,
1,941,162
1,420,446
1,893,741
1,059,058
939,203
4,369,015
16
28
32
67
76
00
*
Gold.
Currency.
$
103,343,211 93
103,341,897 65
102,255,193 69
102,112,552 81
101,966,116 52
98,404,565 50
5,644,599
5,612.866 85 11,622,627 19
U. S. Legal Tenders
and
National Bank Notes.—From the
past:
of June 20,1874
Total now on deposit,
liquidating banks
standing
National Bank Circulation—
New circulation issued
Circulation retired
Total notes Outstanding-
Dec. 31.
$9,733,300
7,907,200
367,021,000
14,692,000
14,763,000
122,400
409,500
333,420
12,907,199
13,121,779
13,374,757
35,318,984
35,318,984
35,318,984
including
Total entered under act of Jan.
14,
1875
Total amount of greenbacks out¬
14,817,000
346,681,016 346,681,016 346,681,016
3,602,050
672,872
3,109,350
224.990
2,576,580
234,022
Currency.335,754,298 338,618,658 340,961,216
Gold
Notes rec’vd for redem’n from—
New York
Boston..
L
1,447,120
1,447,120
946,000
-905,000
730,000
216,000
1,400,000
636,000
241,000
1,525,000
Philadelphia
Miscellaneous
1,426,120
'
927,000
358,000
213,000
1,424,000
Total....:
$3,348,000 $3,251,000 $2,922,000
of the Currency on Jan. 1,
1880, showing the amounts of National Bank
notes and of Legal
Tender notes outstanding at the dates of the
passage of the
Acts of June 20, 1874,
January 14, 1875, and May 31, 1878,
together with the amounts outstanding at date, and the
increase or decrease:
Statement of the
Comptroller
National Bank Notes—
Amount outstanding June 20,1874
Amount outstanding January 14, 1875
Amount outstanding May 31,1878
Amount outstanding at date* .•
Increase during the last month
Increase since Jan. 1,1879
.
Legal Tender Notes—
Amount outstanding June 20, 1874
Amount
outstanding January 14, 1875
*
$349,894,182
.•
-
351,861,450
322,555,965
340,961,216
2,342,558
18,638,362
$382,000,000
382,000,000
Circulation of national gold banks, not
included in the above,
$1,426,120.
$
1,461,180
$
317,000
505,365
72,997
Vermont
1,699,310
Massachusetts 19,542,775
Rhode Island. 1,619,020
Connecticut
2,485,460
174,097 1,069,340
234,800 6,812,500
32.350
735,385
65.350 1,645,830
2,158,878 19,294,670
241,660 1,517,280
20,242,935
1,702,665
Pennsylvania
Delaware
Maryland
....
D.ist. Columbia
Virginia
West Virginia.
N’rth Carolina
S’th Carolina
.
Georgia
Florida
Alabama
Mississippi..
$
917,000
128,797
1,243,437
7,047,300
767,735
1,711,180
21,453,548
1,758,940
232,175
1,114,510
166,600
455.500
417,664
1,64G,3S0
427,500
1.812,980
845,164
1,790,879
,
910,369
with U. S.
Treasurer
at date.
$
222,661
37,469
139,080
707,791
72,212
375,181
2,084,030
418,681
994,505
8
.
....
Michigan.....
Wisconsin....
Iowa
Minnesota....
Kansas.......
....
..
New Mexico..
Dakota
California
...
....
*Legal tenders
1,284,110
136,340
144,000
3,622,430
534,800
632,260
2,494,880
3,237,680
2,215,565
1,783,830
695,830
1,398,400
1,017,800
147,600
67.500
'468*,900
134,900
64.500
i,6*4*5
1,140,785
.953,380
39,096
280,751
118,665
196,226
35,545
725,400
94,070
139,500
139,500
40* 343
2,099,250
229,340
144,000
1,441,933
533,859
2,*7*45,6*0*6
221,408
239,340
1,365
6,052
731,060
128,200
880,510
270,000
1,012,585
287,725
437,675
953,380
1,001,060
’
.
Kentucky
Totals..
Deposits.
7,304,297
207,000
Louisiana
Texas
Arkansas
Tennessee
Missouri
Ohio
Indiana
Illinois
Total
6,142,071
740.500
63,370
1,217,660
77,200
470,850
45,000
on
deposit
1,162,226
9,478,690
....
55,800
.
..
New York
New Jersey...
$
600,000
ders
645,750
10,000
.
629,867
280,901
998,510
1,538,754
1,224,197
1,734,934
364,500
626,860
811,669
420,095
781,721
45,000
135,083
161,191
82,300
135,000
45,000
108,000
301.500
3,607,410
2,949,787
5,848,483
6,400,246
2,114,995
878,439
1,554,955
144,000
2,071,800
814,760
4,605,920
4,488,541
7,072,680
8,135,180
2,479,495
366
387,168
110,421
742,234
1,018,832
2,045,988
1,053,473
427,645
324,992
188,080
1,505,299
2,366,624
1,736,540
972,271
233,080
149,40*6
284,483
278,508
259,411
9,205
2,108
26,937
357,991
20,002
127,300
51,000
1,316,445
190,550
196,800
45,000
450,294
r
3,813,675
84,031,990 17,592,30873,529,378
94,935,361!13,374,757
*
Comptroller of the Currency, Hon. John Jay Knox, we have the
following statement of the currency movements and
Treasury
balances for three months
Legal-Tender Notes.—
Deposited in Treasury under act
Hampshire
Washington
81
36
98
37
92
87
*
TJ. S. Bonds held as
security for
National Banks.—
Oct. 31.
Nov. 30.
Bonds for circulation deposited...
$7,286,350
$5,600,400
for
Bonds
circulation withdrawn.
2,514,450
4,207,900
Total held for circulation
Bonds held as security for deposits 363,802,400 365,194,900
N.
....
$
5,794,220
5,500,499
5,487,777
5,522,671
5,599,712
Maine
Legal Ten¬
9
issued s’ce
To retire
June 20, Redempt’n
of Notes of Circulat’n
1874.
Act
Liquidat - under
of J’ne 20,
ing Banks 1874.
Territories.
Nebraska
Nevada....—
Colorado
Utah
Montana
Balances.
Payments.
$
Same time in-
receipts and payments at the
well
for each day of the past week:
Receipts.
g’d).$84,176,764
1870
States and
51,001,948
periods have
same
Retire National Bank Circula¬
tion since June 20,1874.
Additional
Circulat’n
Deposited prior to June 20,1874, and remaining at that date.
—The Deadwood Mining Company announces a dividend
cents
of 25
share for December, payable at Wells, Fargo &
the 20th.
per
Co.’s on
of the Deadwood
Transfers close
on
the 15th.
The managers
Mining Company report that it has a cash
surplus of over $200,000. The average monthly yield for the,
last eight months was $37,817 ;
average monthly expenses,
$10,236; leaving a balance of $27,581. An additional mill of 60
stamps will soon be put up. The mine is situated in the Black
Hills, and is on the same vein
same management.
as
the Homestake and under the
—The New York New England & Western Investment
Company, Nos. 31 and 33 Pine street, New York, have just
opened an office in Boston at 19 Congress street with Mr. Lucian
L. Hubbard, Assistant Vice-President, in
charge. This company
has
now been in successful
operation for about two years and
has apparently met with so much favor in New York that
it
has found it desirable to open an office in Boston.
—The Ontario Silver Mining
Company lias declared its 51st
dividend, for December, payable at Wells, Fargo & Co.’s on the
15th. The product of the mine for December was
$165,038 87,
assay value, being the largest for any month since the fire—
about fifteen months ago.
The shares continue in steady in¬
vestment demand.
—The National Railway Publication
Company, proprietors
and publishers of the “ Travelers’ Official
Railway Guide,” have
removed from Philadelphia to New York, and have offices
at
46 Bond street.
The “ Official Guide” has a new
general rail¬
way map which is inserted for the first time in the
January
edition.
—Messrs. Amerman & Burwell have for sale at 90 a balance of
$400,000 first mortgage 7 per cent bonds of the St. Louis Han¬
nibal & Keokuk Railway. This road will be soon
completed to a
connection with the Wabash system, and the
price may soon
be advanced.
—Mr. L. H. Taylor, Jr., stock commission
broker, 138 South
Third street, Philadelphia, has associated with him Mr.
Lindley
Haines as a general partner, and the business will be continued
under the firm name of L. H. Taylor & Co.
—Messrs. Winslow, Lanier & Co.
are offering a list of
invest-;
worthy of the consideration of
Their card will be found in our
advertising columns.
ment securities which is well
Investors.
2.4 6—National
January 10,
39
THE CHRONICLE.
1*80. |
hjersr (I&sjettje.
NATIONAL BANKS ORGANIZED.
The United States Comptroller of the Currency
furnishes the
rates, and call loans are now made at 5@6 per cent on stocks, and
4 per cent on Government bonds. There was some stringency
early in the week, when 6 per cent was paid and 1-32 per day.
Prime commercial paper is quoted at 5@6 per cent, and it is ex¬
pected that there will be a larger supply of good paper offering
this year than for some time previously.
The Bank of England statement on Thursday showed a loss of
following statement of National Banks organized the past week:
Bank of Ogdensburg, N. Y. Authorized capital, $100,000; paid-in capital, $50,000. James R. Bell, President; E. N. £27,000 in specie, and the reserve is 39 per cent of liabilities,
Merriain, Cashier. Authorized to commence business January against 39£ per cent last week ; the discount rate remains at 3
-
2
1880.
2.447— Mechanics’ National Bank of Concord, N. H. Authorized capital,
$100,000; paid-in capital, $50,000. Josiah Minot, President;
James Minot, Cashier.
Authorized to commence business
January 3,1880.
The following dividends have recently been announced:
Name of
06.5278194.
Company.
statement of the New York City Clearing-House
banks, issued January 3, showed an increase of $271,475 in
the excess above 25 per cent of their deposits, the whole of
such excess being $483,825, against
week.
The following table shows the changes
DIVIDENDS.
Per
Cent.
per cent.
The last
When
Books Closed.
Payable.
(Days inclusive.)
and
a
1880.
Jan. 3.
Feb.
1.
Feb.
1.
1.
2*2 Feb.
2
Jan.
6.
3*2 On dem.
Dayton & Mich. pref. (quar.)
TiittlA Rp.Tmvlkill *Nn,vioption
Do
(extra)
Louisville & Nashville
Mine Hill & Schuylkill Haven....
Mobile & Montgomery
Rock Island & Peoria”.
Rome & Clinton
Terre Haute & Indianapolis.
Winchester & Potomac”.
Insurance.
Citizens’
Clinton Fire
Firp.rnp.n’ft
Differ'nces fr’m
-
3
$3
*2 On
Jan.
3
10
5
5
5
5
4
5
Emporium Fire
?
Importers’ & Traders’
Lonllard
Mercantile Fire
New York Equitable.
Pacific Fire..”.
Relief Fire
5
10
5
Safeguard Fire
8
Tradesmen’s Fire
5
5
StarP'ire
Circulation
Net deposits.
..
2. Jan. 18 to Feb. 5.
Feb.
3
3*2 Jan. 15.
2. Jan. 26 to Feb. 4.
2*2 Feb.
2*2
3*2 On dem.
Feb.
2.
4
3*2
J.
Franklin &
Globe Fire
Loans and dis.
Specie
dem.
.
1.
dem.
dem.
dem.
dem.
dem.
8.
dem.
from the previous week
Legal tenders.
Legal reserve.
$276,706,200
1879.
Jan. 4.
previous week.
1878.
Jan. 5.
$878,000 $234,250,000 $239,256,400
DCc.
48,282,100 Dec.
23,748,600 Inc.
242,087,100 Inc.
356,100
15,700
24,900
20,986,200
19.848.800
206,173,000
12,723,500 Inc.
633,800
41,832,600
$60,521,775
Reserve held.
61,005,600
Inc.
Inc.
$483,825
Inc.
Surplus
25.207.500
19,787,100
201,981,500
34,612,000
$6,225 $51,543,250 $50,495,375
277,700
62.818.800
59.819.500
$271,475
$11,275,550
$9,324,125
United States
Bonds.—Government securities, under a good
demand from investors, have been very firm. The low rate of in¬
terest on governments does not appear to prejudice their standing
with conservative investors, and with savings banks and insurance
companies in this State there is more reason to take governments
since the rate on mortgages has been reduced to six per cent.
The Sub-Treasury received offers of $7,268,000 of bonds in re¬
sponse to Secretary Sherman’s circular calling for $5,000,000. The
offers accepted were:—For 6s of 1881, $2,800,000 at 104*23 ;
$55,000 at 104-20 ; $200,000 at 104*20. Total, $3,055,000. Of the
5s of 1881 $1,945,000 were accepted at 103*35.
Closing prices at the N. Y. Board have been as follows:
On
5.
Jan.
Jan. 12.
On dem.
On dem.
On dem.
•n dem.
,
previous
comparison with the two preceding years.
Railroads.
Atchison Topeka & Santa Fe
Central Pacific
Cleveland Col. Cin. & Ind
$212,350 the
10.
dem.
Interest
Periods.
FRIDAY, JAN. 9, 1880—5 P. M.
The Money Market and Financial Situation.
—
The first
business week of the year closes with considerable animation at
the Stock Exchange, and decidedly strong prices. Since the year
1879 closed, the statistics showing the actual increase in certain
branches of business over previous years are coming to hand,
and they show a truly remarkable exhibit as to the growth in
the volume of products passing through the channels of trade.
The production of pig iron in 1879 was 2,800,000 tons, against
6s, 1880
reg.
coup.
....reg.
coup.
reg.
coup.
reg.
6s, 1880
6s, 1881
68,1881
5s, 1881
5s, 1881
4*28,1891
4*28,1891
4s, 1907
4s, 1907
68, cur’cy,
6s, cur’cy,
6s, cur’cy,
6s, cur’cy,
6s, cur’cy,
Jan.
6.
Jan.
5.
Jan.
3.
Jan.
7.
Jan.
8.
Jan.
9.
J. & J. 1023Q 10230 10230 *10230 *102*4 *10230
J. & J. *x02% *10230 *10230 ”10230 *102% *102*2
J. & J. 104*8 *104*4 *104*8 *104*8 104*4 1043s
J. & J. *104*8 *104*8 *104*8 104*8 104*4 10430
Q.-Feb.
Q.-Feb.
Q.-Mar.
102*4
10330
*106*4
*106*4
103*8
103*8
coup. 'Q.-Mar.
reg. Q.-Jan.
coup. Q.-Jan.
1895..reg. J. & J. *120
*102*8
10330
*10630
106*2
103*8
103
*120
& J. *120*4 *120
& J. *120*2 *120
*102*8 *102*8 102% 102*2
1033s 10330 10330 103*2
10630 106*2 *106*2 107
*10630 *106*4 106% 107
*103*8 103k *103*4 103%
*103
103*4 103% 103%
*120
*120
*120
*121
*120
*120
*120
*121%
1896..reg. J.
2,301,215 in 1878. The production of anthracite coal was 27,*121
J.
*120*2 *120
*121%
1897..reg.
795,000 tons, against 18,600,000 tons in 1878, and 22,880,981 in
1898..reg. J. & J. *121 *120 *120 *120 *121 *122
1873, which was the largest year on record prior to 1879. The
1899..reg. J. & J.l *122 *120 *120 *120 ”121 *122*2
report of railroad earnings on another page shows that thirty*
This is the price bid; no sale was made at the Board.
two roads earned, in round figures, $110,000,000 in 1879, against
The range in prices since Jan. 1,1880, and the amount of each
$101,000,000 in 1878, although the latter was a year of large
traffic.
The extent of the crops of grain and cotton are too well class of bonds outstanding Jan. 1, 1880, were as follows:
known to need mention, and in looking back upon the transac¬
Amount Jan. 1, 1880.
Range since Jan. 1, 1880.
tions of last year, and using them as a basis for future calcula¬
Lowest.
Registered.
Coupon.
Highest.
tion^ it is well to remember that almost everything was at a
maximum.
6s, 1880
Notwithstanding the great activity in gold and silver mining
operations, and the opening of mines in new districts, particu¬
larly in Colorado, there was a decrease in the production of the
precious metals, and we quote from the annual statement of
Wells, Fargo & Co., giving the usual estimates of their Mr.
Valentine, which makes the production of gold in. 1879 in the
States and Territories west of the Missouri River, including Brit¬
ish Columbia, $32,589,920 ; silver, $38,623,812, and lead $4,185,-
6s, 1881
cp.
58,1881
cp.
4*28, 1891.. cp.
4s, 1907
cp.
769.
The circular remarks:
California shows a decrease in gold of $140,342, and in silver of $589,a net decrease, of $729,488. Nevada shows a total falling off of $13,184,235, the yield from the Comstock being only $8,830,562, as against
$21,295,043 for 1878—a decrease of $12,464,481 from that locality.
The product of the Eureka district is $5,859,261, as against $6,981,406
for 1878—a decrease of $1,122,145.
Utah shows a falling off of $595,734. Colorado shows an increase of over $8,000,000, chiefly from Leadville district.
It has been exceedingly difficult to arrive at the ac¬
tual production of Leadville, the two reliable reports varying more than
Dakota shows
an
increase of $993,183.
The bullion from
the Comstock Lode contains 41 20-100 per cent gold and 58 80-100 per
cent silver. Of the so-called base bullion from Nevada 27 per cent is
Agold, and of the whole product of the State 27 50-100 per cent was gold.
The gross yield for 1879, shown above, segregated, is, approximately, as
follows:
Gold
43 20-100 per cent
$32,539,920
51 25-100 per cent
Silver
38,623,812
5 55-100 per cent
Lead,
4,185,769
The outlook for 1880 does not indicate
$75,349,501
a greater product than for 1879.
The net
product of the States and Territories west of the Mis¬
River, exclusive of British Columbia and west coast of
Mexico, divided, has been as follows :
souri
Year.
1873
1878
In the money
Lead.
Silver.
Gold.
$1,080,000
$17,320,000
19,286,000
$33,750,000
34,398,000
38,177,395
39,206,558
38,466,488
39,968,194
42,826,935
44,880,223
37,576,030
31,470,262
2,100,000
2,250,000
3,450,000
3.800,000
5,100,000
5,040,000
5,085,250
3,452,000
4,185,769
market
104*8 Jan.
103% Jan.
106% Jan.
103
Jan.
*" 7
104% Jan.
9
3 103*2 Jan.
Jan.
2 107
2 103% Jan.
8
9
9
6s,cur’ncy.reg.
$14,730,000
$3,685,000
185,389,550
286,987,750
167,981,900
492,645,450
64,623,512
68,774,700
221,452,600
82,018,100
245,845,100
Closing prices of securities in London for three weeks past and
Dec.
24.
*
Jan.
9.
Jan.
2.
Range since Jan. 1,1880.
Lowest.
Highest.
,
146,
$3,000,000.
cp.
19,924,429
27,483,302
29,699,122
31,635,239
39,292,924
45,846,109
37,248,137
37,032,857
there has been a gradual
relaxation in
106*8 106% 106*2 10638 Jan.
109*8 109% 110% 10978 Jan.
106*8 106*4 106*2 106*4 Jan.
U. S. 5s of 1881
U. S. 4*28 of 1891
U. S. 4s of 1907
10658 Jan.
6
110% Jan.
106*2 Jan.
9
9
Bonds.—The best classes of Southern
in demand at home, and the Alabama and
State and Railroad
State ‘bonds
are
Georgia bonds have been sold for Southern account at full prices.
Railroad bonds are active and higher all around, and in good
demand for the re-investment of interest and
bonds in a year’s time have advanced enough
dividends.
Many
to make them pay
now only 6 per cent, when before they paid 7 per cent.
The following stocks and bonds were sold at auction:
Shares.
30 Union Trust Co
150*2
68 Metropolitan
National
Bank
141%-139
5 Bank of New York Nat.
Banking Association.. 140*2
National Park Bank—. 113*4
Leather Mfrs. Nat Bank 142
Bank of America—141-139
Mechanics’ Nat. Bank... 140
Fulton National Bank.. 140*2
7 Nat. Bank of Republic.. 117
40 St. Nicholas Nat. Bank.. 104
50 Nat. Bank of Commerce. 139 *2
10 Merchants’ Ins. Co
129
24 Merchants’ Ex. Nat. Bk.
67
10
36
150
240
106
Railroad and
20
B’dwayA Seventh av.RR
137 International & Great
Northern Railway
49 International & Great
Northern Railway
15 Metropolitan Gas-Light.
16 New York Gas-Light Co.
;
8 Hannibal Bridge Co
170*2
76*2
25
24%
112*8
75*2
85*2
Bonos.
$300 Village of Edgewater,
Richmond County, N. Y.,
cent bonds
IOO
$20,000 N. J. & N. Y. RR. 1st
mort. 7 per cent bonds..
9*
Miscellaneous Stocks.—The stock market
shows more animation,
with
the close.
The New York
closed their option and agreed
7 per
prices decidedly strong at
Central & Hudson syndicate
to take of Mr. Vanderbilt the
shares, completing the 250,000 purchase.
gentlemen belong to a set who are accustomed to take
remaining 100,000
As these
40 Rutgers Fire Ins. Co
THE CHRONICLE.
40
long views, and look both into the past and the future, and who
do not pay as much for a security as they think it will sell for,
the influence of their action is favorable to the bull side of the
ma
rket.
/—Latest
Week
earnings reported.—. —Jan. 1 to latest date -
or
Mo.
IllinoisCen.(Ill.)..December.
another page,
do
(Iowa).. December.
Indiana Bl. &W..3d wk Nov.
Int. &Gt. North..4tliwk Dec
K. C.Ft.S.&Gulf.3d wk Dec.
on
that the
earnings for the full year 1879, as
isva very strong exhibit, and it will be seen
heavy traffic of October and November was well kept
up in December—that is, in full* proportion for a winter month.
The Erie earnings for November are out, and the first two months
of the fiscal year show an increase over the same months in 1878
of $374,608 in gross earnings and $13 0,350 in net earnings,wdiicli
is not a very good result, considering that those months in 1879
were two of the best ever known
trunk-line rates were higher than in
for railroad traffic and that
1878. The coal stocks were
among the strongest to-day, on the report that the managers had
determined to maintain schedule prices. The Gould stocks, notably
Kansas Pacific, have been strong this week, and also Chic. Bur.
& Quincy, Mo. Kansas & 'Texas, 8t. Louis & San Francisco, St.
Louis & Iron Mountain, and Chicago & Alton, and the rise in
prices in several of these has been very marked. The year thus
leads off with the southwestern “ fancies” again in the advance,
though such stocks as Alton and Burlington & Quincy have
long ranked among the best dividend stocks on the list. The
Northwest and St. Paul stocks have been strong on their handsome
statement of earnings in 1879 and the good prospects of activity
in the section of country which they drain.
Among the least
Active stocks wrere Lake Sim re and Michigan Central.
'J he daily highest and lowest prices have been as follows:
Monday.
Saturday.
Jan.
Am. Dist. Tel.
Atl.& Pac. Tel.
Canada South.
Cent, of N. J..
Ches. & Ohio..
do 1st prf.
do 2d prf.
Chic. & Alton.
Chic. Bur. & 6.
Chic.M.* St.P.
do
pref.
Chic. &N. W..
do
pref.
Chic. R. I. & P.
Chic. St.P.&M.
Clev.C. C. &I.
Col.Chic.& I.C.
3.
Kansas Pacific
Lake Erie* W.
Lake Shore....
Louisv.& Nash
Manhattan....
24
25%
08% 99%
86% 87%
50
Mar.& C.lst pf.
do
2d prf.
13%
Mich. CentralMobile &Ohio.
Mo. Kans. & T.
Mor. & Essex..
Nash.Ch.«fcSt 1
New Cent.Coal
N.Y.C.& H. It 129%
N.Y.L.E.& W. 42%
Ohio & Miss..
Pacific Mail....
Panama
Phil. * ltead’g
St.L.A.&T.IL
do
pref
gt.L.I.M.&So.
St.L. & S.Fran.
do
do
pref.
1st prf.
gt.P.&Sioux C
do
pref.
Sutro Tunnel.
Union Pacific..
55
7.
Jan.
39% 40%
60%
81%
19
10%
30
30%
69
81%
10%
30
23
103%
....
76%
101%
91%
106%
149%
47%
Friday
8.
Jan.
41
69%
Sl%
19% 20
81
31
31
142%
77%
102%
91%
107%
152%
46%
13%
70%
81
34
84%
36%
160
*168
180
71%
b
26
98% 00%
86% 86%
50% o2%
12
13
27
09% 100
96% 86%
50
13
10
71%
10
43
10%
40
50
50%
80
80%
Sis
33% 33%'
130
131
131
42% 42%
60% 68
32% 32
57% 56%
20% 28%
37% 36%
71%
51%
41
44
53
40%
50
69
are the prices
26
51
15%
42%
08%
32%
57
29%
37%
170 170
58
101-
5%
91
03% 92%
26% 28% 27%
09% 100% 99%
80% 86% 80%
51%
49% 52
15
15% 15
11% 11% 11%
80% 90% 80%
24
24% 24%
30%
36% 38
102% 103 103%
83
81% 84
30
32
28%
132
135
133%
42%
42%
70
32%
57%
29% 29%
37% 38%
S*
*165
71% 71%
20
20%
44% 45
51% 52%
41% 42%
50% 51Y4
60
69%
38% 30%
76% 7/
4%
4%
3%
&i% 85% 84%
42% 434a 42%
65% 66% 6.j%
100% 101% 90%
Did aud aslted;
81
33%
131%
42% 43%
143
77%
102%
91%
101%
152%
69%
32%
58
101%
8
97%
29%
101
86%
52
17
11%
90%
24%
57
105
8*
30%
134%
43%
*170
71
21
Atchison & Neb..3d wkDoc.
114,959
14,450
at*
Ateb.Top. & S.F..December.
586,500
SS*
men-
432,664
3,934,115
Atl.&Char. Air-L.November.
84,871
Atl. &Gt. \Yrest...November. 403,380
Atlantic Miss.&G.November. 179,970
1,575,216
Bur. C. Rap. &N..4thwk Dec
59,111
1,527.667
JBurl.&Mo.R.inN.October... 346,432
1,553,677
Cairo & St.Louis..3d wk Dec.
8,157
227,332
Carolina Central.November.
52.761
Central Pacific...December. 1,311^000 1,432,918
17,127,i49 17,607,451
Ches. & Ohio... .November. 148,073
151,240 1,757,376 1,770,466
Chicago & Alton. 4th wk Dec 120,523^
77,211 5,745,830 4,671,519
Chic. Burl.&Q...October ...1,709,931 1,308,348
12,013,868 11,746,396
Chic. & East. Ill..4th wk Dec
17,316
13,278 * 890,483
806,803
Chic. Mil. * St. P.4tli wk Dec 350,000
174,043 10,009,000 8,451,7G2
Chic.&Northw. ..December. 1,312,300 1,080,838 16,084,778
14,999,740
Chic. St. P. & Mm.4th wk Dec
29,975
27,182 1,169,900
942,345
Chic. &W. Mich..3d wk Dec.
11,362
10,217
632,025
525,729
Clev. Mt. V. & 1). .3d wk Dec.
7,595
6.784
388,601
370,174
Dakota Southern.November.
12,020
23,686
....
Peh&fH.Cau.Pa.Div.Oct
Denv.S.P’lc* Pac.November.
Det. Lans. & No.3d wk Dec.
J>ubuque*8.City.3d wk Dec.
JFlint& PereMar.November.
Frank.&Kokomo. November.
Gal.Har. & S. An.October
...
Grand Trimk.Wk.end.Dcc.27
105,449
139,077
19,248
17,943
113,898
3,002
*102,758
140,627
140.662
169,341
124,212
16,105
18,675
97,724
3,716
'
..
766,682
1,091,902
.
...
Wab. St.L. & Pac.3d wk Dec.
196,500
Wisconsin Valley.3d wk Dec.
4,832
160.800
2,368
Exchange.—Sterling bills remain tolerably firm in conse¬
of the scarcity* of commercial bills, but there is not much
.animation in the market, although an advance of £ point was
made by leading drawers to-day.
The actual rates were 4 81|@
4 82± for 60 days, and 4 84(5)4 84£ for demand, and cable transfers
4 84(34
841.
Quotations for foreign exchange are as folloYvs
January 9.
60
Prime bankers’ sterling bills on London.
Good bankers’ and
Good commercial
prime commercial...
Documentary commercial
Paris (francs)
Antwerp (francs)
Swiss (francs)...
Amsterdam (guilders)
Hamburg (reiclimarks)
Frankfort (reiclimarks)
Bremen (reiclimarks)
Berlin (reiclimarks)
:
Demand.
days.
4.81 @4.82*2
4.81
'@4.82
4.80 @4.81
4.79%@4.81
4.84
941s@
94*2®
94%@
94*2®
..
.1
@4.85
4.83*g@4.84
4.82h:@4.8312
4.82h}@4.83
5.23%@5.2178
5.24%@5.217e
5.2318@5.2178
39 %@
-
5.21%@5.19%
5.2114@5.19%
5.2114@5.1938
40 @ 40%
95%® 95%
95%® 95%
95%® 95%
40
94%
94%
94%
94%
95%®
95%
City Banks,—The following statement shows the
mdition of the Associated Banks of New York City for the week
eading at the commencement of business on Jan. 3, 18S0:
c
Banks.
Capital.
2,000,000
2,050,000
2,000,000
2,000,000
1,200,000
City
1,000,000
Tradesmen’s
Fulton
Chemical
Merch’nts’ Exch.
Gallatin Nation’l
Butchers’&Drov.
Mechanics’ & Tr.
Greenwich*
Leather Man’f’rs
Seventh Ward...
State of N. York.
American Exch..
Commerce
Broadway
Pacific
Republic
Chatham
People’s
North America..
Hanover
Irving
Metropolitan
....
Citizens’
Nassau
Market
St. Nicholas......
Shoe & Leather..
Corn Exchange..
Continental
Oriental
Marine
Importers’ & Tr..
Park
Mech. Bkg. Ass’n
North River
East River
Manuf’rs* Mer..
Fourth National.
Central Nat
Second Nation’l.
Ninth National..
First National..
Third National..
N. Y. Nat. Exch..
Bowery National
835,565
963,188
911,647
37.490
34.647
9,003,164
8,779,527
Loans and
discounts.
N. York County..
Germ’n Americ’n
Chase National..
Total
*
3,000,000
1,000,000
1,800.000
7.254.100
6,640,000
4,519.200
8.591.000
3,159,000
1,358,000
1,000,000
600,000
300,000
1,000,000
1,000,000
12,288,400
3.746.800
4,034.300
1.235.100
300,000
797,000
902.300
200,000
200,000
600,00G
300,000
2.608.700
998,800
2.848.300
800,000
5,000,000
5,000,000
1,000,000
1,000,000
422,700
1,500,000
13,081,000
15,325,100
5,087,400
3,371,600
2.159.700
5.285.100
3.400.900
450,000
412,500
700,000
1.350.900
'
228,700
1,134.000
955.400
992.200
359,000
1,818,000
422.100
227.500
3.330.800
644.500
549.800
273.400
627.500
102.100
220,000
2,091,000
0,619,100 1,118,500
279.900
2.676.00U
3,518,000 2,514.000
1.814.700
300.700
1,000,000
500,000
3,000,000
600,000
1,000,000
500,000
500,000
500,000
1,000,000
1,000,000
2.186.500
2.562.300
117.200
463.200
2,020,100
10,200
760,000
3.411.000
3.541.800
4.542.900
1.477.300
307.700
1,097,400
3.045,000
29.300
603.000
1,500,000
2,000,000
17,274,700
14,122,900
4,390,900
8,199,200
500,000
760,200
240,000
250,000
100,000
3,200,000
2,000,000
813,500
134.900
33,000
300,000
400,000
935.300
204.600
15.449.000
8.660,000
2,265,000
300,000
750,000
500,000
1,000,000
300,000
250,000
200,000
4.715.900
10.500.00O
7.123.800
1.231.100
1,309,000
1.046,800
58*806
63.400
348,000
188,000
179.100
68,800
189.000
214.200
106.200
59.100
130.800
265,000
808.700
259.900
400
567.500
44,500
133.500
1,100
2,886,000
6.551.500
1.976.100
1.108.100
12.667.400
557,000
3,063 500
2.561.800
1.050.300
867,00!'
839,300
1.886.100
991.200
074,100
575.700
257,600
197.000
2,054.000
9.236,000
630.000
259,300
329.600
201,200
190.100
8.485.100
3.691.100
3.047.400
2,055.100
3,068.800
3.403.300
85.100
1.330.500
80,000
367.100
252.700
170,000
185.100
70.100
6.110.400
2,327,009
10,250.000
1.801.400
2,017,300
94,000
1.993.200
408.800
1.615.400
162.000
99.000
3.591.000
2.318.100
4.499.100
127.700
300,000
3.104 009
18.942,9C0
266.800
40.700
76.300
16.257.500
10,691.000
380.800
60.475,200 270,706,200
48^282400
800.000
438.900
2,229,000
268,000
3.900
448.000
450,000
450,000
4.600
763,000
4.623.200
7,225,000
.
356.000
I.O97.0CO
535,000
355,000
254.800
154.800
384.100
230.800
77.700
153.600
179.700
1,124,400
400,800
5,400
224,800
7.504.000
2,400.000
89.500
285,000
899.500
664.200
667.600
650.000
245,000
36.000
37,000
449,000
1,400,500
585,000
272.200
125.400
2,700
473.800
1.406.300
105.000
729.900
14.587,800
1,053,400
795,000
1.968.700
56.400
2.127.400
1,473,000
%
495,000
5,286,000
888,400
305.000
tion.
5.942.700
3.700.200
5.793.800
*
Circula¬
3.931.500
2.794.400
1,227,000
2,6U2^)00
No report; same as last week.
235,000
110,100
55,000
2.220.300
-
f
8,923.000
87.000
4,000
31,100
395,100
750,000
300,000
$
242,000
507.600
110.500
315,000
106,000
98,000'
10,400
420.900
208.300
483.300
2,130,000
2.398.800
725.400
441,000
167.700
600.100
Net dept’s
other
Tenders. than U. S.
$
9,712,000
6,084,800
6.742.300
3,059,900
1,063,800
Legal
Specie.
S
%
New York
Manhattan Co...
Merchants
Mechanics’
Union
America
Phoenix
Mercantile
100,651
8,644
521,540
324,185 6,338,447
74,673
342,433
175,892 1,546,2*85
32,559 1,534.949
307,581 1,793,702
5,294
264,482
42,655
103.741
..
ti*
-—Latest earnings reported.^ ,-Jan. 1 to latest date.-v
Week or Mo.
1879.
1878.
1879.
1878.
Ala. Gt. Southern. November. $49,600
$37,001
$
$
...
.
6,119
327,253
313,623
5,227
150,868
4,830
172,988
Pennsylvania
.November.3,131,997 2,996,101 31,166,354 29,031,438
Pliila. * Erie
November.
273,1C8
317,168 2,787,752 2,695,753
Pliila.* Reading.October... 1,542,911 1,408,674 12,377,393 10,249,092
Pitts. Ciu. & St. L.Octobcr... 424,982
302,446 2,874,698 2,604,804
Rensselaer & Sar. October
203,919
184,661
St.L.A.&T.II
4th wk Dec
34,699
28,325
do
(brs).4th wkDcc
17,570
14,486
559,642 . 506,223
St.L. Iron Mt.&S.December. 664,675
468,195 5,301,873 4,514,321
St. L.&San Fran. 4th wk Dec
47,921
21,160 1,653,843 1,208,467
St.L.&S.E.—St.L..3d wk Dec.
18,439
17,570
719,420
646,107
St. Paul & S.City. 4th wk Dec
29,009
25,734 1,133,802 1,100,889
Scioto Valley
December.
30,379
20,132
317,822
280,348
Southern Minn...November.
71,548
52,036
583,278
587,341
Tol.Peoria&War .4th wk Dec
28,089
23,596 1,242,218 1,243,959
Union Pacific
November.1,241,989 1,084,324
30%
76% 76% 76%
3%
3%
3%
3%
3%
86
80*
85% 85% 85%
43% 43% 43% 43% 44% 43%
07
66% 66
66% 67% 66*
VTH
100
101
100% 100% 101% 100% 101 %
no sale was made at the JBoardT
earnings from Jan. 1 to, and including, the period
Albany * Susq...October
1,771,494 1,626,238
14,940
803,275
818.930
6,903
476.146
426,267
23,405 1,G39.570 1,445,371
38,613
95,760
505,843 5,948,512 5,355,100
6,438
81,373
620,827
590,612
61,205 3,343,373 2,983,100
290,586 2,128,331 1,909,973
156,994 1,615,224 1,482,130
41,176
1.381,391 15,110,87G 13,928,479
Average amount of
The latest railroad earnings and the totals from Jan. 1 to latest
dates are given beW. The statement includes the gross
earn¬
ings of all railroads from which returns can be obtained. The
eolumns under the heading “Jan. 1 to latest date” furnish the
ross
2,540,517
5,560,576
1.538,558
Pad. & Memphis.. 1st wk Dec
,
38%
ioned in the second column.
2,045,450
0
WA
76
...
1,936,528
2,823,452
5.513,269
1,463,434
New Yorh
84
57
20%
37%
'
4%
...
32% 33
5tT
29
3'
*107
71
89
76
53,827
11,886
-
38*
71% 71%
71%
20% 21% +
45
45% 45"
45% 46%
52% 52% 52% 52J6 52% 53%
41% 43% 48%
42% 43%
54
52% 55
53% 54%
70
74
73
75
73^ 73%
39
24,154
53,779
21,959
Louisv.Cin.*Lex.October
Louisv. & Nashv..December.
Minn.& St. Louis.3d wk Dec.
13,956
Mobile* Montg..November.
75,321
Mo. Kans.&Tcx..4tli wk Dec 104,000
Mobile*Ohio
December. 317,470
Nashv.Cli.&St. L.November.
174,245
N. Y. & Canada...October
’50,910
N.Y.L. Erie* W. .November. 1,515,835
Northern Pacific.November.
202,465
Fad.&Eli-abetlit.Sd wk Dec.
9,257
47
81%
20% 21%
74% 78
84% 87%
35% 30%
65% 67
100% 101%
4%
4%
5
11%
88% 89% 89% 80%
23
24% 24
24% 24
24%
34% 35% 34% 35% 35
36%
102
102
101% 102
102% 102%
130
w*
8<
25
Little Rk. & F. S. December.
54,247
408,133
465,234
118,327
24,244
35,353
63,531
106,727
630,000
-s
1878.
.
$64,840 $4,486,384 $4,421-,423
62,617
429,803
478,778
128,877
Kans.C,Law.&So.3d wk Dec.'
K. C. St. J. & C.B.2d wkDcc.
1879.
80
58
101
4%
88% 88%
1878.
quence
107
107% 108
144% 143% 143%
76% 77% 77% 78%
101% 102% 102% 102%
01% 01% 91% 91%
106% 106% 106% 107%
152
140% 152
152%
47% 48% 47% 48
55
100
9.
71% 71%
40
60
*20
105
143
88% 80%
120%
41%
68%
32%
57%
28%
36%
60%
32%
57%
20%
Wab.St. L.& P. 43
do
pref. 65%
West. Un. Tel. 101
These,
71%
41%
60
65%
100
100
99% 100
4%
4%
4%
Jnd. Cin.& Laf.
pref.
YVednes.. Thursd’y,
Jan.
*M* 8“
55
Hons.& Tex.C.
Illinois Cent...
do
6.
80
79% 70
21% 20% 20% 20% 21%
76
74%
74% 75% 74% 75%
93% 85% 84
84% 84% 85%
34% 34% 34
34% 34% 35%
*63
64
64%
65%
pref.
pref.
Jan.
*76
21
Pan. & St. Jo..
northern Pac.
Tuesday,
71% 71%
71%
40
42% 40% 42
60
03% 70%
70% 68%
80
82% 80% 81% 80%
i m 20
20
20
*19
31
30
31% 31*4 30
23
23
*21
23% *20
00% 100% 101% 101% 102%
140
143
*140
148% 140
75% 77
75% 76% 75%
101
102% 101% 101% 101
00% 01 % 00% 01% 90%
100% 106% 106
106% 105%
149
150
149% 149% 140
40
48% 48% *40
47%
Del.Lack.* W.
do
5.
42
pel. & H.Canal
do
Jan.
1879.
$105,231
Gr’t Western. Wk.end. Doc.26
Hannibal & St.Jo.4tli wk Dec
Houst. & Tex.C...November.
The statement of railroad
given
*
[Vol. XXX.
858.800
1.090,600
1.171.400
2.208.200
2,424,000
810,066
1,493,000
269,000
597,200
450,000
799,300
269,500
225,000
180,000
270,000
12,723.500 242,087.100 23.748.000
41
THE CHRONICLE.
10, 1880.]
January
NEW YORK.
S. Bonds and active Railroad Stocks are quoted on a previous page. Prices represent the per cent value, whatever the par may be.
QUOTATIONS OF STOCKS AND BONDS IN
V.
BONDS.
STATE
Alabama—Class A, 2 to 5
Class A, 2 to 5, small
Class B,
Class C,
...
5s
2 to 5.
Kentucky—6s
Louisiana—7s, consolidated
7s, small
100
7s, 1890
Missouri—8s, due 1882 or ’83
6s, due 1380
'.
63, due 1887
6s, due 1888
6s, due 1889 or ’90
Asylum or Univ., due ’92.
Central IiR.j
Connecticut—Os
Georgia—6s
Funding, 189A-95
Hannibal & St. Jo., 1886..
do
do
1887..
7s, new
7s, endorsed.
7s, gold
Bid.
Michigan—6s, 1883
Arkansas—Os, fundedV
7s, L. Rock & Ft. Scott iss.
7s, Arkansas
SECURITIES.
Ask.
Bid.
SECURITIES.
...
York—6s, gold, reg.,’87
6s, gold, coup., 1887
6s, loan, 1883
New
Illinois—Os.coupon, 1879...
War loan
6s.
1891
do
RAILROAD
(Active previously quoted.)
Albany & Susquehanna ....
Boston & N. Y. Air L., pref.
Burl. Cedar Rapids & No...
Cedar Falls & Minnesota...
Chicago & Alton, prof
Ohio. St. Louis & N. O
Clev. & Pittsburg, guar—
Dubuque & Sioux City..
Frankfort & Kokomo
Harlem
— ••
Ind. Bloom. & Western
Keokuk & Des Moines.” ”
do
do
pref
Long Island
Metropolitan Elevated
N.Y. Elevated
;
N. Y. New Haven & Hartf.
Ohio & Mississippi pref
Fitts. Ft. W. & Chic., guar.
do
spec’l.
do
Rensselaer & Saratoga
Rome Watertown & Ogd...
Stoningt.on
Terre Haute &
105
102
§55
56
1
....
29)4
...
Adams Express
American Express.
United States Express
157)4
109
113
§58%
112$ 114'
...
20'
§...
151
155
107
107)4
Excelsior Mining
Gold & Stock Telegraph....
Homestake Mining
LaPlatta Mining
Leadville Mining
...
Mariposa L’d & Mining Co..
do
do
pref.
Maryland Coal
Ontario Silver Mining
Pennsylvania Coal
Pullman Palace Car
do
57%
..
101
33
§41
§25)4
..
130
20%
39
215
20 %
Spring Mountain Coal......
Standard Cons. Gold Mining
21
§29
Railroad Ronds.
Stock Exchange Prices.
Balt. & O.—1st 6s, Prk.b.1919
105
$98
100
106% 107)4
d6
55
108
(110
104
105
108%
115%’l 10
gold 7s, 1920
2d,con.,f.cp.,Ss,0s
C., Main line, 8s.......
1110
83
108
105
108
7s
Ind. Bl’m. AW.—1st, pref. 7s
1st mort., 7s, 1900
2d mort., 1909
Lake Shore—
Mich S. & N. Ind., s. f., 7s.
$109
$76
$53
108%
107
105
105
109
105
114%
Cleve. & Tol., sink. fund.. 100%)
108 (112
do
new bonds.
119
Cleve. P’ville & Ash., 7s.. 116
117
118%
Buffalo & Erie, new bds...
$117
Buffalo & State Line, 7s..
Kal’zoo A W. Pigeon, 1st.
Dot.Mon.&T., 1st, 7s.’19O0
Lake Shore Div. bonds...
$11*0*' 117*
118%
-
_
assented
Adjustment, 1903
Lehigh & W. B.,con.,g’d..
•
105
105
109
105
Chic.Mil.A St.P.—lst,8s,P.D
2d mort., 7 3-10, P. D
113
m.,
m.,
m.,
m.,
m.,
7s, $ gold, R. D....
La C. Div
I. & M...
I. & D
H. & D
m.. C. & M
Con. sinking fund
2d mortgage
1st m., 7s, I. & D. Ext
8.-west div., 1st 6s, 1909..
„
1st 5s, LaC. & Dav., 1910.
Chic. & Northw.—Sink, f’d.f
Int. bonds
Consol, bonds
Extension bonds
1st mortgage
-
Coupon gold bonds.
Registered gold bonds
Sinking fund
Iowa Midland, 1st m., 8s..
Galena & Chicago, exten.
Peninsula, 1st m., conv...
*
Prices nominal.
*' +
105%
127%
112
H]%
111%I112
111
108
108
112
114
107%
107% 107%
100
89
110
100
120
104
110
115
114%
106%
104
>4%j
6s, real estate
6s, subscription
N. Y. C. & Hud., 1st m., cp.
do
1st m., reg.
Huds. R., 7s, 2d m., s.f.,’85
93%
assent’d
do
Am. Dock & Impr. bonds,
do
assented
1st
1st
1st
1st
1st
1st
106
112
107%
121
Canada South., 1st, int. g.
Harlem, 1st m., 7s, coup..
do
1st m., 7s, reg—
N. Y. Elevated—1st, 7s, 1906
Ohio & Miss.—Consol, s. f'd
grants, 7s
Sinking fund
Registered, 8s
Pacific RR. of Mo.—1st m.
2d mortgage
Kansas Pac.—
1st m., 6s, ’95, with cp.ctfs
1st ru., 6s, ’96,
do
1st m..7s.Leuv.br. do
1st m.7s,R.AL.G.D’d, do
1st m.,7s,land gr’t,’80.do
2d mort., ’86
do
Inc. coup. No. 11 on 1916..
Inc. coup. No. 16 on 1916..
Den. Div. 6s ass. cp.ctf...
Texas & Pac.—1st, 6s, 1905..
Carondelet Br...
South Pac. cf Mo.—1st m.
And accrued interest.
.
t
••v
....
52%
Small
87)4
Registered
...J
$ No price to-day;
111% 112
100
$98
108
73
103
103
124
124
110
89%
125
125
110
no
do
do
m.
2d
m..
3d
m..
do
do
7s. 1908...
Inc. mort., coup., 7s, 1896.
Deb. mort., coup., 6s, 1893
Deb. mort., conv., 7s, 1893
Rome Wat. A Og.—Con. 1st.
St. L.& Iron Mount’n—1st m
2d mortgage
Arkansas Br., 1st mort
Cairo & Fulton, 1st mort.
Cairo Ark. & T„ 1st mort.
St. L. Alton & T. H—1st m.
2d mortgage, pref....
do
income
Belleville & So. Ill., 1st m.
St. P.& Sioux C.—1st 6s.1919
St. P. M. & Manit’a—1st, 7s.
2d. mort., 6s, 1909
Tol. Peo. A W.—1st m.,
1st mortgage, W. D
E.D.
113
115%
113
10d%
107
100
$119
1st, W. D.
Bur. Div.
1st pref. inc. for 2d mort.
1st inc, for consol
Wabash RR.—Mtg.7s of ’79.
T.AWab., 1st ext.7s
1st St. L. div.7s,ex mat.cp.
2d mortgage ext., ex coup
.
.
.
89
74
123
121
120
86%
....
84%
$.,.\ 46**
*
*
*
*
....
90**
•
.
125%
125
122
$60'
04%
105% 107
100
H3%
103*
101*
New 3s
Petersburg—6s
..
8s
Richmond—6s
$115
Savannnah—Cons., new, 5s
90%
RAILROADS.
Ala.&Chat.—Rec’rs ctfs.var
Atlantic & Gulf—Consol.
84%
$60
Consol., end. by Savan’h..
Georgia—Cons, m., 7s
34
Cent.
53
Stock..
Charl’te Col.& A.—Cons., 7s
2d mortgage, 7s
East Tenn. & Georgia—6s..
65
69
48
38
35
$64
E.Tenn.& Va.—6s,eiid.Tenn
E. Tenn. Ya. & Ga.—1st, 7s.
Stock
Georgia RR.—7s
6s
84%
Stock
Greenville & Col.—7s, 1st m.
7p, guar
Macon & Aug.—2d, endors.
70
Mem phis A
7s, equipment
Evansv. & Crawfordsv.—7s.
Flint & Pere M.—8s, I’d gr’t
Consolidated 8s
Stock
Galv. Hous. A H.—7s, gld,’71
Gr’nd R.&lnd.—lst,7s,l.g.gu
1st, 7s, Id. gr., not guar...
these are latest quotations made this
Compromise
Mobile—5s, coupons on..,
8s, coupons on
6s, funded
Montgomery—New 5s....
112
..
106%
‘DADS.
RAILRC
115)1!
96%
t
.
97
05
105
.
t
70
101
100
Cha’ston—1st,7s
2d, 7s
Mississippi Cent —1st m., 7s
2d mort., 8s
46% Miss. & Tenn.—1st m., 8s, A
1st mortgage, 8s, B
8
N. O. A Jacks.—1st m., 8s...
60
Certificate, 2d mort., 8s...
94%
Norfolk A Petersb.—1st, 8s.
69
*72
1st mortgage, 7s
101
102
2d mortgagees
90% 93
Northeast., S. C.—1st m., 8s.
110
107
2d mortgage, 8s
90
93
Rich. A Dan.—1st consol., 6s
101
102
Southw.
Ga.—Conv., 7s, ’86.
108
105
110
107
,
84*
100
85*
102
98
57%
17
85
Stock
S. Carolina RR.—1st m., 7s.
7s, 1902, non-enjoined
West Ala.—1st mort., 8s..,.
2d mort., 8s, guar
95
109
108
05
105
105
60
18
90
week.
103
111
+ 112
+09
36
1
102
105
112
113
101
38
106
112
102
108
08
48
18
18
25
40
30
85
85
28
31
27
28
95
65
29
34
30
100* ‘ 103*
104
106
72
50
104
50
110
85
99
85
95
100
106
55
110
103
87
90
63
95
98
91
102
107
115
93
no
107
108
106
109
115
102
97
107
90
103
57
no
no
108
110
75
100
107
90
102
90
100
105
108
00
112
w
90
07
102
100
93
105
112
117
100
112
110
112
....
100
no
114
114
PAST-DUE COUPONS.
Tennesssee State coupons.
South Carolina consol.
Virginia coupons
108% 110%
96
+
+
7s, F. L
Columbus, Ga.—7s, bonds.
Macon—Bonds, 7s
Memphis—Bonds, C
Bonds, A and B
106%'108
100
100
(Brokers' Qi
Quotations.)
112%
98
106
100
95
—
Nashville—6s, old
6s, new
New Orleans—Prem., 5s..
Consolidated, 6s
Railroad, 6s
Norfolk—3s
Miscellaneous List.
2d
109%
Endorsed M. & C. RR...
95
109
INCOME BONDS.
111
«...
07
90
94%
Water works
115
89% Atch.&P.P’k—6s,gld, ex cp
127
Bost. & N. Y. Air-L—1st m.
Cent, of la.—1st m., 7s, gold
90
+90
Augusta, Ga.—7s, bonds...
Charleston, S. C.—Stock,0s
J01%il03
Central of N. J.—1908..
Cliic.3t.L.AN.O.-2d m. 1907
Col.Chic. AInd.C.,inc.7s,1890
Ind’s Bl. & W’n-Inc., 1919..
Leh. A Wilkes B.Coal-1888
109% Lake Erie & W’n—Inc.7s,’99
Laf.
B1.& Mun.—Inc. 7,1899
95%
55% Mobile& O.—1st pref. deben
108
2d pref. debentures
3d
do
4th
do
108%
N.Y.LakeE.&W.Inc. 63,1977
St.L.I.M. AS.—1st 7s,prf .int.
2d int., 6e. accum’lative ..
70
72
22
85
33
80
90
50
32
66%
2d mortgage, guar
South Side (L. 1.)—1st mort
South Minn.—1st m., 7s, ’88
1st mortgage, 7s (pink)....
Extension
Tol. Can. S.A Det.—1st, 7s, g
Union & Logansport—7s—
U. Pac:—South Branch
8s...
St.Chas.B’dge.lst, 7s, 1908
Oregon R. & Nav.—1st, 6s..
110
63
80
*107
m
(Brokers' Quotations.)
61%
115% 115%
STATES.
97% 68
N. Carolina.—New 4s
98%
So.Carolina—Con., 6s (good)
101%
Rejected (best sort)
98
Texas—6s, 1892
M.&S.
109"
7s,
gold, 1892-1910 ..J.A J.
102”
101
7s, gold, 1904..
J.AJ.
90%
10s, pension, 1894... J.A J.
160"
Virginia—New 10-40s
97% 97%
106% 107
CITIES.
94
Atlanta, Ga.—7s
North Missouri. 1st m., 7s
West. Un. Tel.—1900, coup
j Spring. V’y W. Works—1st 6s
St.L.VandaliaA T.H.—1st
80
50
Southern Securities.
25
100
Consol, conv., 7s
Gt. Western, 1st m., ex cp $109%| 110%
100
1100%
do 2d m.,7s,’93,ex cp
1900, registered
2d mort
New Jersey So.—1st, 7s, new
N. Y. A Osw. Midl’d—1st m.
Rec. certif’s assented
St. Joseph A Pacific—1st m.
2d mortgage
St. Jo. A Western stock
St.L. A San F.—2d m.,class A
2d mortgage, class B
do
class C
St.L. A S.E.—Cons., 7s, g.,’94
106
•
Equipment bonds, 7s, 1883
Omaha Div., 1st mort.. 7s
(Int.H. & Gt. No.—Conv., 8s.
(Kansas A Nebraska— 1st m.
80
95
90
61
Burlington Div..
$65
2d mortgage, 1886
Consol., 7s, 1910
Pur. Com. rec’pts, lst.E.Dt
do
do
.
•
$124% 125
»
Registered 6s. 1911
Coupon 7s, 1911
Registered 7s, 1911
Improvem’t, coup., 6s, ’99 $90"
69
General, coup., 6s, 1908
114%
no
101
Cleve.& Pitts., consol., s.f. $118
do
4th mort... 100%
84%
CoL Chic. A I. C., 1st con..
do
2d con... $46
do 1st Tr’t Co.ctfs.ass.
84%
do
do
suppl.
do 2d
do
ass.
Phil.A Read.—Cons. coup.Os
•
75% Long Island—1st mortgage.
102% Montclair A G.L.—1st, 7s, n.
!n. J. Midland—1st, 7s, gold.
74%
102
87%
do
do
•
123**
73%
Ill. A
Ia., 1st m.7s,ex cp
St.L. K.C & N.R. E.A R.,?s
114
....
Income and land gr’t, reg.
Pennsylvania RR—
Pitts.Ft.W.A Chic., 1st
72
92
'80
104
02
32
76
46
105
60
70
18
75
31
70
85
57
30
87
1st, ex land grant, 7s...
;Hous.A Gt.N.—Ist,7s,g.l900
Indianapolis & St.L.—1st, 7s
Indianap.A Vine.—1st,7s, gr
International (Tex.)—1st, 7s
1
117
Consol. 6s, 1905
Q. A Tol.,
1st, 7s, *90,ex cp.
So.
Income, 7s
1st m.,
.
) * "
6s, new
6s, new series
Virgina—6s. old
6s, new, 1866
6s, new, 1867
0s, consol, bonds
63, ex matured coupon....
6s, consol., 2d series
6s, deferred
D. of Columbia—3’65s, 1924.
J
10
10
103
114
Tennessee—6s, old
«
...
Stock
Chic. A Can. So.—1st m.,g..7s
no%
Consolidated
109
109% Chic. & E. Ill— S.F.c’y.1907.
2d consolidated
Income bonds.
68% 71
1st m., Springfield div
Chic. St.P.& M’polis—1st,6s
Pacific Railroads—
Landgrant Income, 6s....
Central Pacific—Gold bds. 109
101
102% Chic. A Southwest.—7s, guar
San Joaquin Branch...
Cin. Lafayette & Ch.—1st m
100
Cal. & Oregon, 1st
Cin. A Spr.-lst, C.C.C.AI.,7s
$104
State Aid bonds
1st m.,g’d L. S. & M. S., 7s.
104%
Land grant bonds
104
Denver Pac.—1st,7s,Id. gr.,g
Western Pacific bonds.
Erie & Pittsburg—1st m., 7s
South. Pac. of Cal.—1st m.
Con. mortgage, 7s
109%
Union Pacific—1st mort.. 109
Land
122
-
x...
4
4
115
.
do
Non-fundablo
t
.
9
0s, Act Mar. 23, 1869.)
(*«
•
112%
*92%
92%
9%
9%
16%
16%
class 2
class 3
Ohio—6s, 1881
6s, 1886
...*
01
109
Bost.tH. & Erie—1st m
118
50
do
cons, coup., 1st
1st mort., guar
118
88 % 88%
do
cons, reg., 1st.,
Bur. Ced.R.A North.—1st,5s
114
115
do
cons, coup., 2d.
Minn.& St. L., 1st, 7s, guar $107
114
do
cons. reg.. 2d ..
Ohesap.A O.—Pur. m’y tund 100)4
63% 63% Louisv.& Nash.—Cons.m.,7s
6s, gold, series B, int. def.
103*
88
2d mort., 7s, gold...
38%
6s, currency, int. deferred
103
Cecilian Branch, 7s
Chicago & Alton—1st mort, 115%
103
Nashv. & Decatur, 1st, 7s. 105
Income
94)
$... 107% L. Erie A West.-lst 0s, 1919
Sinking fund
m
Laf. B1.& Mun- 1st 6s. 1919
Joliet & Chicago, 1st m...
100
Marietta & Cin.—1st mort..
Louis’a & Mo., 1st m., guar *106*
$100
1st mort., sterling
do
2d 7s, 1900. $99
St. L. Jack. & Chic., 1st m. 111
Metropolitan Elev—lst,1908 100%
Mich.
Cent.—Cons., 7s, 1902 118
Miss.Riv.Bridge,lst,s. f ,6s
108%
1st mort., 8s, 1882, s. f,
Chic. Bur. & Q.—8 p.c., 1st m $107* 109%
118)4’119
Consol, mort., 7s
Equipment bonds.....
$109%
99 %
6s, 1909
5s, sinking fund
94%
Mo.K. A T.—Cons.ass..1904-6
Ohio. Rk. I.&P.-63, cp.,1917 114%
5d%
$112
2d
mortgage, inc., 1911 —
0s, 1917, registered
93
H. & Cent. Mo., 1st., 1890.
Keok.& Des M., 1st, g., 5s.
97%
Mobile & Ohio—New m., 6s.
Central of N. J.—1st m., ’90.
Nash. Chat. & St. L.—1st 7s. 107%
1st consolidated
104
do
assented. 105% 105% N. Y. Central—6s, 1883
$106
Convertible
0s, 1887
-
do
do
112%
Ill.Cent.—Dub.ASioux C.lst $103
Dub. & Sioux C., 2d div.
Cedar F. & Minn., 1st m.. $ioi‘
§62
pref
1st con., guar
Inc. and ind’y,
2
§108
114
2d Waco & N., 8s
§29%
2
105
$106
$104
2d mort.
3d mort.
Han. & St. Jos.—8s, conv.
Hous.& Tex. C.—1st, m. l.,7s
1st mort., West. Div., 7s..
1st mort., Waco & N., 7s.
2d
§38
§5 %
106
Rens.& Saratoga, 1st,coup 120
do
lst,reg $122
Denv.& R. Grande—1st,190h
97%, 97
.
I20%)121_
Erie—1st mort., extended.
103
(104%
2d mortg., ext’n 53,1919.
106%! 107
3d mortgage, 7s, 1883... .
102%!103
4th mortgage, 7s, 1880 ...
111
113
5th mortgage, 7s, 1888 ...
do
36
....
Rhode Island—8s,coup.’93South Carolina— *
_T
T
28
28
112%
Special tax, class 1
•
....
^
26%
20%
‘
N.Y.Li.E.&W.,n.2d,con.,6s
do 1st, con., f, cp.,7s
§5
•
104
$114
Long Dock bonds
Buff. N.Y.& E, 1st m., 1916
§21)4
§3%
•
....
111%
Albany & Susqueh., 1st m
1st cons,
§9;
§11;
•
off, J. & J.
off, A.&Q.
116
116
Chatixam RR
....
105% 100
1st mortgage, 1891
$106
do
extended
$108
do
Coup., 7s,’94
do
Reg. 7s, ’94. $108
1st Pa. div., coup., 7s, 1917 no%im
$110%llll%
do
reg., 7s, 1917
do
do
do
...
....
103
103
106
106
105
110
coup,
coup,
Funding act, 1866
do
1808
New bonds, J. & J
do
A.&O
1
113%
lstcon.,g’d.
Del.& Hud.Canal—1st m.,’84
124
....
no
no
124
bonds, 1900
constructs
7s of 1871
do
do
do
do
48)4
Wells, Fargo & Co
American Coal
Boston Land Company
Boston Water Power
Canton Co., Baltimore
Caribou Consol. Mining
Central Arizona Mining—
Climax Mining
Consolidation Coal of Md..
Cumberland Coal & Iron....
*m..
2d mort
Miscellaneous St’ks.
Quicksilver
West.—2d
7s, convertible
do
do
11
1
102
• •••
123
156
...j
6st old, A .A O
No. Car. RR., J. & J .......
A.& O
do
108
108
....
...
North Carolina—6s, old.JAJ
104%
105
1892
0s, loan, 1893
...J
100
X
pafi
§162
119
no
161
103
104
New York—0s, loan,
Ask.
Bid.
Securities.
Ask.
MISCELLANEOUS STOCKS AND BONDS.
109
108)4
103*’
Bid.
securities.
1
113
Del. Lack. &
§120 *
1
45
44%
Winona & St. P., 1st in. ..
do
2dm.... $io8*
C. C. C. & Ind’s—1st, 7s, s. f. $117
107)4 108
Consol, mortgage
C. St.L.A N. O.- Ten. lien 7s 105
Indianapolis
Toledo Peoria & Warsaw..
United N. J. RR. & Canal..
Little Pittsburg Mining
AND
Chic. & Mil., 1st
Railroad Stocks.
.
>.
Ask.j
|
do
consol, coupons...
10
40
20
75
25
•
•••
80
§ No quotation to-day; latest sale this week.
.
i
42
THE
CHRONICLE.
[Vol. XXX-
steel rail and forty-one thousand ties have been laid. The
entire double track in the main line between Boston and Lowell
is now laid with steel rails and frogs, with improved
safety
switches.” * * *
wn&nafl
Iimcstmeuts
AND
STATE, CITY AND CORPORATION FINANCES.
“
By mutual agreement between the directors of the Boston
& Lowell and the Nashua & Lowell railroads, the business and
The Investors’ Supplement is published on the last Saturday
of each month, and furnished to all regular subscribers of the
Chronicle.
No single copies of the Supplement are sold at the
office,
as
only
a
subscribers.
sufficient number is printed to supply regular
management was continued in joint account from October 1st
to December
llMUl 1st,
lOtj 1878,
JLvJ |
Olilvv
l/i 1JULC
tilv
uctuo
WJUILjUL
lid V
since which
time
the
roads
have
been
Mvvli
operated1 separately.
s(
business
The
of the year, being a gain
in gross receipts of $118,896, is reasonably Satisfactory, and the
accounts show conclusivelyThat, while in joint operation with
the Nashua & Lowell Railroad, receiving but sixty-nine
A
u
cent of the joint receipts, this road’s earnings were
seventy-six per cent of the whole. The ex¬
penditures for enlargement of terminal facilities, steel
rails,
iron
bridges, and additions, to rolling stock,
though liberally made heretofore, have required still
farther outlays, which have been
made at a favorable
Line, and, as now appears, none too soon, for, with the activity
per
ANNUAL
about
REPORTS.
Fitchburg Railroad Company.
(For the year ending September 30, 1879.)
The annual report supplies the following: “The road-bed
and track continue to increase in value, both by repairs (more
than covering depreciation) and by large and constant additions,
which will keep them in a condition to carry on the continuallyincreasing traffic.
Last year we stated that the Hoosac-Tunnel business had
obliged us to make great additions to oar tracks and equipment,
and had changed our traffic from a local to a through business.
This business cannot be limited, and we must either give it
up
almost entirely or expand with it. We have, therefore, kept
our facilities equal to the requirements of the business;
and, in
order to continue this policy, quite large additions, both to our
equipment and terminal facilities, must be made during the
next year. Our improvements in this respect may, however, be
restricted until the State’s policy respecting the use of the
Troy & Greenfield Railroad and Hoosac Tunnel is definitely
“
settled.”
The gross
earnings from passengers, freight,' mails,
expresses, and rent of property, &c., have increased $161,316;
and the operating expenses, exclusive of rents of roads and
interest, have increased $103,893.
There has been
an increase in interest paid of
$5,607; in
paid of $6,564; a decrease of income received
of roads of $7,964; a decrease of premiums
11,312, but an increase in the net earnings of $25,-
rents of road
from rents
received of
973.
The passengers carried over the Troy & Greenfield Railroad
have increased from 79,001 ia 1878 to 83,152 in 1879; and the
tolls paid the Commonwealth for the same have decreased
from $45,518 in 1878 to $37,184 in 1879.
The freight has increased from 443,701 tons in 1878 to
624,083
1879; and the tolls paid therefor have decreased from
$106,408 in 1878 to $100,448 in 1879.
1
tons in
.
$663,289
Freight
Express
1,205,953
30,400
23,561
57,196
Mails
Rent of property, &c
Mileage passengers cars
99,500
Total
$2,079,973
65,000
1,800,23.3
$279,740
*
The interest paid on the funded debt of the Vermont & Massachusetts
"Railroad and the amount paid into the sinking fund for the payment of
included
as
rent in the expenses.
BALANCE, SEPTEMBER 30, 1879.
Dr.
Construction accounts
Cr.
..$5,381,027
Cash and cash funds....
Real estate
Stock materials/
...
293,618
305,835
364,178
Improvements Vermont
& Massachusetts RR..
Sinking fund
i
155,025
11,269
Debit balances
i
699,496
«
Capital stock
Funded debt
Notes payable
Unclaimed dividends..
Interest unpaid
Vouchers and accounts.
Profit and loss
$7,210,450
'
ti
$4,500,000
1,*00,000
810,000
9,049
32,850
365,075
493,475
$7,210,450
Boston & Lowell Railroad.
*
i
(For the
year
ending September 30, 1879.
The gross revenue from operating the road and its connec¬
tions was
Accumulation of sinking and insurance funds
The
$1,293,969
1,420,314
1.296.917
1.182.918
1,115,007
1,126,361
1,071,411
1,190,307
‘
‘
.
exhibits the income and
Receipts,
r.JNI RAL
34,462
earnings
if necessary.
Operating
Dividend
ex-
penses,rental
expense account
Net profits.
$1,103,389
$218,137
1,200,912
1,107,575
1,317,266
1,041,168
1,028,961
972,606
264,029
198,265
1,035,871
per
cent.
8
8
7
•
86,722
108,807
108,460
154,536
Surplus
or
deficit.
$39,417
54,109
*9,734
*122,545
86,722
108,807
43,460
98,091
Deficit.
238,506
3,750
Total expenses
are
1872
1873
1874
1875
1876
1877
1878
1879
$1,459,515
Interest, other
use,
presentation with funds drawn from our sinking fund in the
Massachusetts Hospital Life Office. The floating debt has been
decreased $130,000 and increased by assuming the floating debt
of the Lowell & Lawrence Railroad $36,000, making a net re¬
duction of $94,000.” * ** *
Under authority obtained during the last session of the
Legislature, the Lowell & Lawrence and Salem & Lowell
railroads have been consolidated with this corporation on the
basis adopted by the stockholders at a special meeting held on
the 18th day of June last. The purchase of these two roads and
Phillips’ Wharf in Salem secures the entire control of the roads
and their business, with a permanent right of way on the Boston
& Lawrence Division, and will admit of an annual saving
amounting to the difference between the rental now paid and
the interest upon the cost and liabilities assumed in their pur-
and interest.
$1,980,473
Total operating expenses
Rent or road, V. & M. RR.*
Rent of road, Conn. R. RR
Interest on bonds
*
corporation and is available for future
bonds of this corporation issued in 1864, amounting to $200,000,
became due on the 1st day of October, and have been paid on
-
For—
M
chase of the Lowell & Lawrence and Salem & Lowell rail¬
roads, and of Phillips’ Wharf, and in addition to the above the
bonded debt has been increased by assuming the bonded debt
of the Lowell & Lawrence Railroad ($200,000) and of the
Salem & Lowell Railroad ($226,900)—$426,900. Of the bonded
debt of the Salem & Lowell Railroad, $178,500 is held by this
Year.
71
.•
Rent of roads.
said debt
by you at a special meeting held on the 18th day
last, bonds of the corporation amounting to $620,000,
bearing five per cent interest, having twenty years to run, have
been issued, the proceeds of which have been used in the pur¬
•
*
Passengers
Net
authorized
of June
chase.
The following table
for eight years past
RECEIPTS AND EXPENSES.
From—
-
in business and the demands now being made upon us, our ex¬
tensive terminal facilities seem almost inadequate, while the
volume of business we may do is likely to be measured by our
facilities for handling and transporting merchandise.
As
$1,190,307
INVESTMENT
NB v?S.
Atchison Topeka & Santa Fe—Denver & Rio Grande.—The
Denver Tribune reports Judge Beckwith, of the Atchison
Topeka
& Santa Fe side, as saying:
“In the first place, the alleged abandonment by the Denver & Rio
Grande Company of its prior right of location is not established.
Secondly, the line from Canyon City to the mouth of the South Arkansas.
River, a distance of fifty-seven miles, is held to be an entirety, and the
decision of the United States. Supreme Court relative to that
part of
the line between Canyon City and the twenty-mile post is exclusive
as to the residue of the line held to be an
entirety.
The Court
has
also decided, thirdly, that the
Pueblo & Arkansas Valley
Railroad Company, the lessee, having all the rights of the
lessor,
has acquired a prior right of location from the mouth of the South
Arkansas River to Leadville, a distance of sixty-one miles.
Fourthly,
that the Denver & Rio Grande Company, under its prior right of loca¬
-
tion,
as established by the Supreme Court, may take the road
already
constructed, or partly constructed, between Canyon City and the mouth
of the South Arkansas as an entirety, upon the payment of the cost of
the same; and, lastly, that the Pueblo & Arkansas Valley Railroad Com¬
pany may construct a road of narrow or standard gauge alongside of the
one already constructed, or
partly constructed, and on the same right of
way, the new road to be constructed under the direction of Engineer
Rogers in such manner as to give both parties a track equally useful so
far
as practicable.”
—At Washington,
,
D. C., Jan. 5, in the U. S. Supreme Court,
the
Rio
Grande
Company
succeeded in getting an early day ap¬
Total receipts
$1,198,962
pointed for hearing their application for a mandamus to com¬
The expense of working the road and its connections, includ¬
ing taxes and insurance, was
$806,382 pel Judge Hallett to execute the decree of the Supreme Court
Payments for rents
67,598 of last April, without condition of payment for the work done
Payments for interest
161,890 by the defeated company, or any other condition whatever.
—It is reported in Boston that the directors of the Atchis¬
Total expenses
$1,035,871 on
Topeka & Santa Fe have voted to consolidate with the
Net income for the year
163,091 Pueblo & Arkansas Valley road on the basis of two shares of
Atchison for three shares of Pueblo. J
The report states that “ during the year
large expenditures
and improvements of a permanent nature have been made to
Atlantic tfc Great Western.—At Akron, Ohio, Jan. 6, the
the property of the corporation, and will afford increased ac¬ Atlantic &
Great Western Railroad was sold by Gen. J. H. Devcommodations to its business. About one thousand tons of ereux of
Cleveland, the Special Master Commissioner, under
.
8,654
"I
January
THE CHRONICLE.
10, U80.J
N. Y. Central & Hudson.—The syndicate
having the option
of 100,000 shares of New York Central Railroad stock
by the
contract of November last with Mr. William H.
Vanderbilt, have
closed their option and taken these shares, making the full
the foreclosure proceedings. The road was bid in by R. G.
Rolston and S. A. Strang of New York, the Purchasing Com¬
mittee for the English bondholders, under the reorganization
scheme, for $6,000,000—its minimum appraisement. Under its
reorganization the road will be reduced to the standard gauge,
250,000 at 120.
-
t
and the company’s name
will be changed to the “ New York
Pennsylvania & Ohio Railroad Company.”
Cairo & Yincennes.—This railroad
sale by the Master in Chancery of the
43
•
New Haven and Northampton.—At the annual
meeting it
voted to build an extension from Northampton to Turners
Falls, with branch to State road at either Shelburne Falls or
North Adams. The estimated cost is $650,000, and it is to be
was
sold at public
United States Court,
at Springfield, Ill., on Jan. 5.
The road was purchased in operation in a year.
by Joseph Drexel and Charles E. Tracey, trustees of the Eng¬
lish bondholders, for the sum of $2,000,000, the purchasers as¬
New York Lake Erie & Western.—The managers of this
suming the liabilities for the receiver’s certificates, amounting company have adopted the reasonable plan of issuing their
to about $80,000, and claims upon intervening petitions for earnings at home, as soon as they send the report to London.
labor, material and supplies furnished the roaa, amounting to The following statement is for November and the two months
was
about $10,000, prior to its passing
into the hands of a receiver.
There were $3,500,000 of bonds issued originally, and the de¬
cree of the Court was for $5,698,388.
The road extends from
to November 30
Cairo, Ill., to Vincennes, Ind.
Gross earnings
Working expenses
.—Month of November
1878.
1879.
Central Georgia.—A lease has been made
to the
with
a
:
leasing this road
Nashville Chattanooga & St. Louis for twenty years,
guarantee of 7 per cent per annum on the stock.
Net
Chicago Burlington & Quincy.—A proposition is pending for
consolidating the Chicago Burlington & Quincy with the Bur¬
lington & Missouri Railroad in Nebraska. The plan is to make
the capital of the consolidated company $50,000,000, giving an
increase of about 21 and 25 per cent respectively to the stock of
each of the present companies. There is some opposition to the
plan.
Climax Mining Company.—The committee of the New
York Stock Exchange admitted the stock of the Climax Mining
Company to the list. The capital stock is $2,000,000, par value
$10 per share. The stock is unassessable, and the whole amount
was paid for the mine and developments thereon.
The com¬
pany was incorporated on Sept. 23, 1879, under the laws of the
State of New York; the property is located on Fryer Hill, Lake
County, Colorado. There have been expended on surface
improvements $25,000 and on underground improvements $20,000. One dividend of 1 per cent was paid on Oct. 15, 1879. The
officers of the company are as follows: President, Hon. David
A. Wells; Vice-President, Mr. Samuel A. Strang; Treasurer,
Mr. William Bond; Secretary, Mr. W. B. Allen. Following are
the trustees: Messrs. David A. Wells, William Bond, William
H. Hays, Theodore Bedell, Samuel A. Strang, Nathaniel Witherell and George A. Thorne.
Fort Wayne & Jackson.—This company
has been organized
by the bondholders who bought the Fort Wayne Jackson &
Saginaw road at foreclosure sale. The new company will issue
8 per cent preferred stock to the amount of the old first mort¬
gage bonds and unpaid interest, and common stock for the old
second mortgage bonds and unpaid interest.
the matter:—
“Tlie bonded debt of tlie road—a road
$1,500,000. In addition there was a large
of
ftfty miles in length—is
floating debt. The principal
held banker,
by N. A. and
fart
the bonds
was
Cowdrey,
one ofdebt
the trustees,
by
'. P. of
James,
Wall
Street
the floating
was also and
princi¬
a
pally due to them. Cowdrey and James acted in concert in the foreclosure
of the origii al mortgages on the road—selling it and buying it in—and the
road in 1871 was sold by them and encumbered by them with the
forego¬
ing debt. It lias ever since staggered under this heavy indebtedness.
But, in addition to this, its gauge has been changed, it has been partially
relaid with iron, and the Bay bridge destroj'ed by the storm lias been re¬
built. These betterments were advised by both Cowdrey and James, who,
knowing that the road could not regularly pay its interest and the floating
and additional indebtedness, have agreed, siuce 1877 to carry
part of the
semi-annual interest coupons, for which they have obtained, until recently,
increased interest. The company has been regularly advertised as paying
its iterest, when, in fact, part of tlie interest has been carried by Cowdrey
and James at increased rates. Without learning the precise present status
of the road, it is inferred that almost its entire floating debt is
extinguished
and it is able to meet its present semi-annual interest coupons in full,
and is gradually paying off Cowdrey and J ames for their advances in carry¬
ing part of past due coupons. Meantime, however, the remittances of the
company have been to the banking house of F. P. James & Co., New York,
and differences have taken place between Cowdrey and James themselves
"with reference to the application of payments made by the
company,
Cowdrey being dissatisfled with his share of the receipts. The manage¬
ment of the company is satisfactory to James. Cowdrey, who, besides
being a large bondholder, is a trustee, brings the suit, claiming the right
to the possession and management of the road.”
Net
41
December, 1879
December, 1878
Gain
:
Land sales in December
Gross
Operating
earnings.
$63,531
expenses.
Net.
$17,500
$46,031
38,613
18,115
20,498
$24,918
$615
$26,533
were
13,000 acres, for $50,650.
957,637
49,327
$518,081
$558,197
$40,115
1879.
$2,854,923
$1,137,568
earnings
Increase.
$3,229,532
1,717,355
*
1,955,612
$374,608
238,257
$1,273,919
$136,351
Oswego Midland.—Mr. Kenneth G. White, as Master
a deed of this road to Conrad N.
Jordan, cashier of Third National Bank, who represents the
bondholders of the old corporation and the holders of the re¬
ceiver’s certificates. The consideration expressed in the deed is
$4,600,000—$4,500,000 of which is in bonds, receiver’s cer¬
tificates and past-due coupons, and $100,000 in cash. The pur¬
chasers will form a new company under the name of the New
York Ontario & Western Railroad Company, with a capital of
$10,000,000 stock, to be exchanged for outstanding bonds and
receiver’s certificates.
The $10,000,000 of stock is to be
divided into $2,000,000 preferred stock for the holders of re¬
Chancery, has delivered
ceiver’s certificates and $8,000,000 common stock for the bond¬
There will be $200,000 bonds sold for cash.
holders.
Ogdensburg & Lake Champlain.—The gross earnings for
eight months to December 1, 1879, are stated at $369,520; net
earnings, $108,665, against $97,107 for eight months to Decem¬
ber 1,1878.
as
Ohio & Mississippi.—Receiver
follows:
Cash, Nov. 1....
Receipts from all
King’s November statement is
$227rt2r"~^
sources
Total
-■
$753,761
,
Vouchers, pay-rolls, etc
Balance
The
on
414,143
hand, Dec. 1
receipts
were
526,340
r
$339,618
greater by $112,197 than the disburse¬
ments.
St. Louis & Southeastern.—In the case of Philo C. Calhoun
and George Opdyke, vs. the St. Louis & Southeastern Railroad
consolidated, et al.,
on
petition of complainant,
a
decree
was
entered in the United States Circuit Court at Springfield, Ill.,
Dec. 29, authorizing James H. Wilson, the Receiver, to execute
to the Nashville Chattanooga & St. Louis Railroad a lease of
mortgaged premises in the cause from Jan. 1, 1880, till the sale
the road so mortgaged, at an annual
and conveyance of
rental of $300,000.
South Carolina Railroad.—A plan of reorganization to save
foreclosure has been made, which embraces the following
points:—
The
April, 1880, and all preceding
coupons on
the second
mortgage bonds, the accrued interest to April 1, 1880,
on
all
floating debt, the principal of all unsecured floating debt, and
the principal and interest to April, 1880, of the non-mortgage
bonds, are all to be funded into third mortgage non-cumulative
seven per cent income bonds.
The interest on the second mortgage bonds is to be reduced to
three per cent for the year beginning April, 1880, four per cent
for 1881, five per cent for 1882, six per cent for 1883, and there¬
after seven per cent; but if the railroad earns enough to pay
more than this on the second mortgage bonds, it shall pay it up
to
seven
per
cent.
principal of the secured floating debt is to be first reduced
by the sale of all the hypothecated first mortgage bonds at par
and interest to the holders thereof, and the remainder is to be
canceled by the sale to the holders of said debt of a sufficient
number of second mortgage bonds (interest reduced as above) at
eighty per cent of their par value ; the second mortgage bonds
remaining to be canceled.
An adjudication to be obtained declaring all second mortgage
_
Louisiana State Bonds.—At New Orleans, Jan. 3, Judge Bil¬ bonds valid. The stock to remain in the hands of trustees until
lings of the United States Circuit Court refused the injunction seven per cent shall have been paid on the income bonds, its
asked for by bondholders to restrain the State Treasurer from voting power subject to instructions from second mortgage
diverting funds collected to pay the January coupons. The bondholders.
bondholders by this suit sought to perpetuate the old Refund¬
Texas & Pacific.—A Philadelphia report gives the following
ing Act and Constitutional Amendment of 1874, and to have the
for
the seven months ending December 31.
debt ordinance of the new Constitution declared void.
1878.
Marietta & Cinn.—The Receiver reports his receipts for Sep¬
tember and October this year as $450,281, against receipts of
$283,762 for
same
time in 1878; increase j $166,529.
.
Nov., inclusive—,
N. Y. &
in
The
Little Rock & Fort Smith.—
863,309
$134,443
1878.
Galveston Houston & Henderson.—There has been much sur¬
prise in this city at the report of a foreclosure suit begun by
Cowdrey and Donaldson, trustees, on the mortgage deed of this
qompany. The Galveston News gives the following account of
$1,515,834
Oct. to
earnings
Working expenses
Increase.
$1,381,391
earnings
Gross
>
Gross earnings
Expenses
Net earnings.
1879.
$1,394,540 $1,622,171
732,590
Inc...
Deo..
$227,631
841,259
$553,231
$889,581
Inc...
$336,300
108,669
*
44
LHE CHRONICLE.
She (Comnxcvcial jinxes.
CO M MERC I A L
Friday, P. M.,
January 9. 1880.
It is “ between seasons ” as regards trade matters, and
gener¬
al business is affected accordingly. The weather is
very mild,
causing bad roads in northern latitudes, which have
orable effect upon local traffic.
an
unfav¬
The rivers in the Southwest
have now risen to a higher stage, some of them
doing damage
by overflowing their banks. The stringency in the money
market has been relieved by purchases of bonds by the Federal
Treasury, and by the payment during the week of interest on
securities.
The following is a statement of the stocks of
of domestic ana foreign merchandise at dates
leading articles
given:
Tork
bbls.
Beef
JLard
tcs. aud bbls.
tcs.
7,427
109,068
bales. 25,246
Tobacco, foreign..
Tobacco, domestic
Tobacco, seed leaf
.-
Coffee, Rio
Coffee, Java, Ac
Sugar
Sugar
Sugar
16,690
223,049
52,400
37,900
33,481
10,673
bhds.
lihds.
bbls.
Hides
Cotton
Rosin
No.
bales.
bbls.
bbls.
bbls.
Spirits turpentine
Tar
i:
cases.
bags, Ac. 660^00
Molasses, foreign
Molasses, domestic
[
41.934
mats.
hhds.
boxes.
Melado
t
hbds.
bags.
bags.
Coffee, other
S '
Rice, E. I
Rice, domestic
1880.
Jan. 2.
74.274
bags.
bbls. and tcs.
linseed
bags.
Saltpetre
bags.
Jute
Jute butts
Manila hemp
bales.
bales.
bales.
103
3,991*
7,000
41,800
149,857
56,642
6,619
978
3,475
1,176
None.
8,500
.1,656
23,503
20,346
1879.
Dec. 1.
1879.
Jun. 2.
45,176
4,206
108,272
22,050
44,880
50,258
4,934
53,924
20,276
177,943
17,600
27,343
13,437
104,083
14,800
28,317
29,815
10.765
395,000
1,140
2,097
4,500
15,700
47,674
46,253
6,239
1,682
4,400
1,350
N>ne.
18,041
500
23,724
36.920
21,908
6,848
341,000
194,100
103,273
2-,071
4,544
13.300
6,000
2,480
21,805
5.500
2,400
14,000
confidence.
To-day there was a sharp re-action and prices showed a general
decline, being in full sympathy with the Chicago market;
Mess pork on the spot was quoted at $12 80@$13
25; January
new, $13 80@/$14 ;
February, $13 85@$14 ; March, $13 90@
*14 10.
r
January 9, 1880.
Tiik Movement op tiie Crop, as indicated
by our telegrams
from the South
to-night, is given below. For the week ending
this evening iJan. 9;, the total
receipts have reached 149,486
bales, against 154,306 bales last week, 207,601 bales the previous
week, and 218,907 bales three weeks since,
making the total
receipts since the 1st'of September, 1879, 3,316,341 bales,
against
2,840,382 bales for the same period of 1878—9, showing an increase
since September 1, 1879, of 475,959 bales.
The details of the
receipts for tliis week (as per telegraph) and for the
corresponding
weeks of four previous years are as follows:
Receipts this w'k at
New Orleans
Mobile
Lard declined to 8c. for prime new Western and 7*90c.
for old ; for future delivery, old for
January was sold at
8@8*02%c.; new for February, 8T2%@8*05c.; old, 8*02%c.;
March new, 8*25@8*15c.; April 8*30(58*25c.; refined to the Conti¬
nent quoted at 8*40c. Bacon is well maintained at
7%c. for long
clear. Cut meats ruled rather easier at
7%c. for bellies, 10 lbs.
average. Beef hams were more active at $16 25@$16 50.
Rio coffee has advanced to 15%@16e. for fair
cargoes, owing
to a falling off in the receipts at Rio Janeiro. The
feature of
the trade m mild grades has been a large business in
Maracaibo,
the sales approximating 15,000 bags, within the
range of 14@>19e.,
iicluding good Cucata at 16%c. New Orleans molasses, owing
to some advance at the South and a
good demand here, has risen
to 40@50c. for common to choice.
Foreign molasses has con¬
tinued dull and nominal. Rice has re-acted somewhat from the
recent de-P1ression, though the trade has been no more
than fairly
active. Hiaw sugar has been strong, and closes at
7%@8c. for
fair to good refining and 8%@8%e. for
Centrifugal, after a very
fair trade for the week. Refined has been
fairly active, and
higher for the more inferior grades ; standard white “A” is now
9$c.; crashed and powdered, 10 %c.; granulated, 9%@9J-
*
1879.
51,031
8,724
35,422
13,431
10,223
801
78
15,016
20,694
6,758
252
33,426
13,342
Port Royal, Ac
Savannah
Galveston
Indlanola, Ac
Tennessee, Ac.......
Florida
North Carolina
1.368
Total this week
...
1877.
1876.
49,549
22,838
10,200
6,980
12,173
13,237
9,114
2,681
J 3,660
10,972
22,992
279
185
408
567
8,366
2,989
11,511
7,509
17,442
'
3,897
13,171
11,563
2,898
1,976
149,486
121,091
City Point, Ac
;
1878.
2,699
,
Norfolk
1,639
2,248
20,715
65,267
13,685
10,061
402
641
15,472
15,763
19,408
791
208
2,883
2,516
10,230
*
3,588
427
15,566
391
142,099
101,132
161,515
,
Total since Sept. 1. 3,316,341 2,840,382 2,640,769
2,778,363 2,640,375
The exports for the week
ending this evening reach a total of
57,559 bales, of which 36,811 were to Great Britain, 1,204 to
France, aud 19,544 to rest of the Continent, while the stocks as
made up this evening are now 907,791 bales.
Below are the
stocks and exports for the week, and also for the
corresponding
week of last
season.
Week
ending
Jan.
9.
EXPORTED TO—
Great
Britain.
N. Orl'ns
2.369
Mobile..
Galv’t’n-
4,548
5,629
12,179
4,520
N. York.
876
CharPt’n
Savan’h.
Norfolk-
....
Other*..
6,690
France.
9
•
•
•
.
.
.
.
•
-
.
.
1,000
....
204
....
....
Conti¬
nent.
10,412
....
Total
tbis
Week.
12,781
1879.
6,690
57,559
105,288 907,791 859,822
6,895
19,684
5,520
361
1,441
....
1880.
41,780 324,287 363,386
3,700 71,818 61,945
19,802 64,192 57,886
7,095 71,163 90,092
13,330 t75,428 105,432
3,639 193,361 116,115
7,860 49,542 27,966
8,082 58,000 35,COO
4,548
1,266
6,505
1,000
....
STOCK.
Same
Week
1879.
.
.
.
.
.
Tot. this
week..
36,811
1,201
19,544
Tot.since
Sept. 1. 1194,224 (166,891 418,021 1779,136|1552,157
......
......
The exports this week under the head of “ other ports”
include, from Balti¬
more, 1,8W bales to Liverpool; from Boston, 722 bales to
Liverpool; from
Philadelphia, 1,352 bales to Liverpool; and from Wilmington, 2,720 bales to
*
Liverpool.
+ Actual count.
From the foregoing statement it will he seen
that, compared
with the corresponding week of last
season, there is a decrease
in the exports this week of 47,729 bales, while the stocks
to-night
47,969 bales more than they were at this time a year
ago.
In addition to above exports, our
telegrams to-night also give
us the
following amounts of cotton on shipboard, not cleared, at
the ports named.
We add also similar figures for New York,
which are prepared for our special use
by Messrs. Carey, Yale &
Lambert. 60 Beaver street:
are
loaf., 10%c.
On
The market for Kentucky tobacco has
relapsed into quietude,
and sales for the week are only 500 hhds., of which 300
port and 200 for home consumption. Prices, however,
firm, with lugs quoted at 3%@>5c. and leaf 6@12c. The
ment in seed leaf has also been limited, the sales for tb
aggregating only 704 cases. The business in Spanish 1
has been good, aggregating 900 bales Havana at
82c.@$110.
Ocean freight room has been held at
higher rates during
past week, and, on the whole, a better business has beer
ported. A number of “outside” steamers have cleared, 1
ing the regular traders the field. Charter room in some in¬
stances continues to be quoted
irregularly, but no further
1880.
Charleston
2,631
3,447
10,000
16,281
25,984
In provisions a good business has of late been
reported,
and,
in sympathy with Western advices, values have been
advanced
and at present are maintained with considerable
i-
V 01-. XXA.
COTTON.
E PI I O ME.
Friday Night,
f
Jan. 9, at—
Liver¬
Charleston
8avannah
Galveston
New York
Other ports
Total
Other
Leaving
Total.
Stock.
Foreign
Coast¬
wise.
19,826
3,000
1,050
17,300
5,414
8,000
6,400
108,029
26,950
15,72 4
350
5,000
1,663
2,500
300
None.
10,000
1,000
None.
None.
None.
18,874
14,200
17,724
‘1,300
1,500
5,000
16,500
216,258
44,868
45.318
56,963
57,704
192,061
91,042
107,998
24.876
49,487
21,216
203,577
704,214
pool.
New Orleans
Shipboard, not cleared—for
65,489
9,550
1,750
5,700
14,509
1,000
France.
1,552
•Included In this amount theie are — bales at
presses for foreign ports.
the destination of which we cannot learn.
The
following is our usual table showing the movement of
ports from Sept. 1 to Jan. 2, the latest mail dates:
Spirits turpentine has been buoyant in sympathy with the
Southern advices, but to-day a re-action took
RECEIPTS SINCE
EXPORTED SINCE SEPT. 1 TO—
place and figures
SEPT. 1.
declined to 46@46/^c. for Southern
PORTS.
packages. Rosins were still
Great
Stock.
! Other
firm though quiet at $1 60@$1 65 for strained to
1879. } 1878.
TotaL
Britain. France. Foreign
good strained.
Petroleum has gradually declined under a
very limited export N.Orlns 837,012 603,267
109,0 47 96,907 557,49* 315,992
trade until refined, in bbls., here is
quoted at 8c., and in Phila¬ Mobile. 247,329 211,415 350,936!
23,425
3,316
26,741 71,223
delphia sales have been made at 7%c. United certificates have Char’n*
364,804 383,262
shown a slight improvement of
9,456 92.719 196,333 65,755
94,155
late, and quite a good Say'll.. 550,916 512,083
123,930
7,6041137,286 268,820 84,896
speculation has been developed; the market closes firm
Galv.*. 345,390 284,128 113,656
** $1 13% bid, and $1 14% asked. American
19,764 19,340 152,760 79,502
pig iron shows 51. York 78,424 70,165 185,133
much strength, and it is reported
15,900 31,703 232,736 157,010
that $38 has been Florida
obtained
for No. 1.
9,963
34,693
Scotch pig, though
less active, N. Car. 83.033 94,850
remains firm at $28 50@$29 for
19,195
and $32 for Norfk*
Eglinton
5,839j 25,034 10,512
Coltness.
Rails are excited and
502,691 345,736 135,031
advanced;
20,000 tons Other..
2.460j
137,491 56,074
steel were sold part at $77 at
147,293
76,692 111,949
tidewater, quoted at $75 at the
12,223j 124,172 40,500
mills; iron at $53@>$60 for English and American ; 40,000 tons rhisyr.
3166,855
1157,413 165,687.398,477 1721,577 831,464
old iron rails have been sold at $38@$40 ; some holders demand
—1
1
!
1—
Last
$42. Ingot copper was steady and quiet at 21 %c*. for Lake.
year.
2719,291 850,580 173,974 422,315 1446,869 863,538
Clover seed has sold at
8%c.@I0%c., aa to quality. Whiskey
Under the head of Charlc*lon is included Port
Royal, Ac.; under the head of
js lower at $1 13@$1 15.
Galveston is included Indlanola, Ac.;
udder the head of hvrfQli. is included
declines
can
be
reported.
cotton at all the
t
_
_
s
•
Point/Ac.
City
10, 1*80 |
THE CHRONICLE.
The
speculation in futures opened with much
buoyancy on
Monday morning, owi,ng to the improvement that had taken
place at Liverpool while our market was closed.
The
Buies.
2,000
004.18
statistics of the visible
supply,
Cts.
....18-52
....18-53
400
published in the Chronicle,
also gave encouragement to
operators for the rise, and
during
the early hours of
Tuesday an important advance had been
reached, amounting to 45@50 hundredths over the
closing bids
of the previous
But on Wednesday of this week
Wednesday.
the decline was
very decided, due mainly to the
larger increase
than anticipated, both at the
ports and the interior towns, and to
the
higher rivers in the Southwest, leading to a more general
belief in well-sustained
receipts at the ports, during January at
least. The market continued
depressed on Thursday. To-day
the opening was lower, but
recovered and made some
advance.
Cotton on the spot has been more
active, with a general demand.
Home spinners have
purchased most freely. Quotations were
advanced 3-16c. on
Monday
and £c. on Tuesday, but were reduced
l-16c. on Thursday.
To-day there was no change, middling
uplands closing at 12 13-16c.
The total sales for forward
delivery for the week
bales, including — free on board. For immediate are 662,200
total sales foot
delivery the
up this week 4,912 bales,
including
1,080
for export,
3;146 for consumption, 686 for
speculation, and
in transit. Of
the above, 1,146 bales were
to arrive.
The following tables show
the official quotations and sales
for each day of the
past week:
1 /lOO
400
Bales.
*00
000.
...13 50
.
..
2,600
8,300
0,000
5,100
.13 62
..
1,600
400
400
800
600
.
000
13-01
..
1,000
1/00
1,000
3,400
800
1
2
8
9
3
5
7
00..21003858759.679426,«.-’341.25.08294105
0 7.43
Jan. 3 to
Jan. 9.
UPLANDS.
Sat.
Ordin’y.ftlb
Strict Ord..
Good Ord..
Str. G’d Ord
Low MiddV
lX13lft lllftlQ
1238
©
M
..
MJdd’g Fair
Fair..
13
eO
•
•
14 %
Ordln’y.$t> 11^8
Th.
!2
W
•
•
«
Wed
11*10 11*4
11ti6
Good Ord.. Hl5i0 1178
Str. G’d Ord 12310 12%
Low Midd’g 12%
14
14%
&
11%
11%
uji»
lT“
11%
Nom. at -'1 jo
adv.
Tues. Irreg. at % adv..
Dull and nominal
Thurs Easy at %9 dec..
Fri. Steady
.
509
614
453
960
610
....
....
250
830
uf’t'n
14%
iil,“
137,0
1315x0
14H,0
Frl.
}1|> 111610
12%
12%
2,600
4,000
1.500
3.500
2,100
............
....
delivery the sales have reached
662,206 bales (all middling or on the basis of during the week
and the
following is a statement of the sales and pricesmiddling),
:
Bales.
January.
Cta.
12'70
12*74
12'75
SOOs.o.t t*. 12-70
100 S.n.Stb. 12-77
600
12'77
300s.a..
12-78
100 s.o.6th. 12*78
00.
12*78
300 s.n. 8th. 12-79
500
12-72
400 «. n
12*80
100 f .n.9th 12-80
900
12*80
300 sa».Th 12-81
100 ».n.9»h. 12-81
100
100
100
Bales.
1,400
1,000
12-97
1298
700
2 99
100 s.n.!0thl3'00
700
13 00
.
100
»
5,000
100i.n.l(.tbl3-0i
500
,..1301
*100
100
1,000
*100.....
1,660
800
500
».n.l0thl2*81
12-81
200 S.n. 12th 12-82
12'82
100 s.o.6ib. 12 83
12-83
12-84
500
12-85
100
12*>-8
*100
12*87
100 *.a.7th. 12-87
400
12-87
200 s.n.2th.12-88
000 .........12*88
lOOs.a. 3 b 12*80
1,000
12*89
700
300
500..
1,900
100 «.0.12U«12-90
12*90
900
12*91
1,400
12-98
800 e.u.tth.12*94
100
.12*94 »
800
12*95
100 s.a 7th. 1298
100 s.D.»th. 12-96 I
*
100
1302
13*02
18 03
1804
1804
13 05
13-08
13 07
1308
1309
1310
36,500
For
900
3.000
2/00
3,900
2300
2,800
•,*00
3.100
No notice this week.
Cts.
500 s.n. 12th 12-90
600
12-96
100 s.n. 13 bl2"97
Bales.
1315
13*16
1317
1,000
1318
1,600
1319
18*0
.13-21
13*22
13*23
3,800.
13-24
13-91
13-26
13-27
13-28
2/400....
13-29
1,000
13-80
600
.....18-32
18 33
2,100
13-34
8,100.
13-35
3,700
13'3tt
IS00
February.
Cts.
.....13 14
13-37
138SQQ
12*96
’2*97
Tor March.
12*98
2,300
13*21
12 99
13-22
13-00
13*23
13*01
7,703
1324
..1302 12,000.
13*25
..,1303
13-21
13*04
13*27
1305 14,900
13*28
!30« 14,800
13-29
.1307
13*30
..13 08
3.200
13*81
13-09
2.000
13*33
1810
13-33
1311
13-12
13-J 3
3,000
lOftOO.
7,109
Bales.
5.600
4/00
12, «00
rta.
...13*37
13-38
13-39
13*40
15400
6/WO....13*41
13*42
13*43
13*44
13-45
13*46
13'47
13-48
13-49
4/WO
5.000
7.801
8/WO.
5.600
1,900
2,200
13 50
13 51
18|>2
13-58
13*54
4,100
13*55
-.13-50
13-57
2,000
3,500
2/W0
5300
13*58
13-59
13*60
]3'01
...13-62
....13*68
13*04
251,200
For April.
POO
13-41
200
03-42
2,000
13*43
....18*44
10,100.........,13*45
4,100
.18-46
13*34
18*35
ns00
0J0OO
Wfy
3*800.....
.....18*49
18-50
..
.18-51
1.200
...
(800
600.
000
1,100
400
13-00
IV 07
13-08
18-09
13-70
,13-71
20«
2,400
1,100
600
1/00
13-94
13-96
.....13 97
J2-99
200
1409
14-JO
March.
'53 pd. to exch. 400 Jan. for
March. *
I
14-16
14-17
14*13
14*19
,.14*20
14*21
14*23
...
14-8L
14-82
14-34
14-36
14-34
luoo’
1401
For
14*04
200
14-07
14 08
100.
September
Ift’ftft
For October.
12*50
12*63
12-54
200
12* W
10o.,
,12'67
200
12*60
6f‘0
12*61
800
100
200.
14-25
14-26
14 27
200
100
200
100
100
urw
.12-06
12*70
12*72
.12*70
~2,900
during the
week
:
*24 pdrto oxch. 100 Feb. for
March.
|
Futures
Saturday.
Monday.
Tuesday.
Market.
Holiday.
Buoyant.
Variable.
Day.
_
-
—
-
Feb’ry.
—
—
-—
-
_
—
—
June...
-
—
_
_
—
—
-
_
-
—
—
—
—
—
—
—
-
...
October
Tr. ord.
Closed.
—
.
.
July...
August.
Bcpt'br.
Bid. Ask
—
.
March
April...
May
Closing.
Lo*jo.
_
—
—
—
—
—
—
—
—
—
—
—
—
—
—
—
—
_
—
—
*
—
For Day.
Closing.
High.
For
Low. Bid. Ask
12 99-12-75 12-99 *
13*24*13'04 13-23 24
13-50-13-34 1319 50
13-70*13-54 13*63 69
13-86-13*73 13-88 89
Day.
High.
Low.
Bid. Ask
13*10-12*97 12*96 97
13*37-13*20 13 23 24
13-64-13*45 13*48
—
13*83-13*65 13*67 —
11*02-13-36 13*86 83
-13*50
—-
—
—
—
-
1300
Strong.
—
.
—
12-75-12 70
—
—
—
—
1300
Wednesday.
Thursday.
Barely steady.
Friday.
Easier.
Easier.
Unsettled!
Market.
For
Day.
Low.
Closing.
For
Bid. Ask
High.
—
Jan'ry. 13*00-12*89
Peb’ry. 13-27-13*12 13 12 13
March
13*53-13*37 13 37 58
April... 13*72-13*57
13-91-13-77 13*77 79
May
12-87
Day.
Closing.
Low.
For
Day.
Closing
Bid. Ask
Hlph. Low. \BU1. Ask
12 70 12*86 87 12*98-12*88 12*89
90
13 08 12-96
13*03 04
13-32 13*21 13*29 13-52 13-41 13*49 ...
13-71- 13 60 13-67 68
June.,. 1400-13*95 13*93 95 13-80 13 77 13-8 4 86
14 15-1408 14 04 06 13-97- 13-90 13*94 96
July
August. 14*27-1,4*16 1413 15 1407- 14*00 14 03 05
-13-60
Bept...
October 12-60-12-55
-12-541 Tr. ord.
12- 90
12*90
Closed.
Eaf»ySteady.
.
...
—
13-1212-981 13*04
13-37*13*25
13-57-13*47
13*76*13-67
13*91-13-85
—
1327 28
13 48
—
13*67 69
13*84 85
M*0I *13-99 13*95 97
14-13-14*04 14*03 04
12 02*12-60
.
_
12-9<r
Easy.
*
13 cents.
Short nonces
a
Closing.
1403-13 90 14 04 06 1415-1403 14*02
04
1417-1401 1415 17 14*27-14-14 14*13 15
14-21-1413 14*24 26 14*33-14-31 14*23
25
12-53-12-50
for January:
Monday, 12*70® 12*88; Tuesday, 13*00
Wednesday, 12-90# 12*94: Thursday, 12 78^12*81?.
P*Wnf,
89# 12*97.
12-96;
12
The Visible Supply
Cotton, as made up by cabin tad
telegraph, is as follows. The Continental stocks. a?« the
figured
of last Saturday, but the totals for Great Britain
ar4 the afloat
for the Continent are this week’s
returns, and coz^eqwntly
brought down to Thursday evening; hence, to make
the totals
the complete figures for to-night (Jan.
9), we add the. item of
exports from the United States, including in it the
exports of
Friday only.
op
i8g0.
Stock at Liverpool
Stock at London
524.000
51.284
Total Great Britain stock.
Stock at Havre
Stock at Marseilles
Stock at Barcelona
*
Stock
Stock
Stock
Stock
Stock
at Hamburg
at Bremen
at Amsterdam
at Rotterdam
575,284
55,720
1,324
14,448.
2.000
11.401
32,232
1,006
1879,
407,000
49*250
1878.
385,000
15.000
1877.
608.000
47,250
450.250
89.750
2,500
6,000
400,000
655.250
3,000
34,500
24.750
8.750
140.000
4,000
40.000
7.000
35.000
21J500
160.250
3,000
45,000
12.500
40.000
39,250
10.500
7,250
at Antwerp
Stock at other contl’ntal porta
2.000
2)772
10.000
3.000
4.750
0,000
Total continental porta....
”l2O/903
176,000
266,500
327,500
Total European stocks.. ..
India cotton afloat for
Amer’n cotton afloat forEurope.
Bur pe
Egypt,Brazil,Ac.,aftt for BVpe
Stock in United States pons
Stock in U. S. Interior ports...
United Str tes exports today..
696,187
632.250
62.000
009.000
606,500
982,750
73,000
510.000
65,000
92 A,922
Tot&} rijlble
..
55/186
476,515
28,408
907,791
203,980
5,000
22,000
859.822
158,505
21,000
*
J8-50
300
14-24
made
14*23
14-24
14*27
100
200
400
For 5 ugu»t.
100
14-00
following
have been
*28 pd. to exeb. 500 exchanges
Feb. for
11*14
14*16
BOO..
400
800
7,300
The
M'ia
100
100
300
100
200
200
400.
300
100
1414
.14 15
14*17
14-18
14-23
100
13'86
13-87
13*88
13-90
13'91
500
100
600
100
100
400
700
*J00
300
500
200
600.
200
200
13 84
13 85
14*07
:io6
13*01
13*0 f
400
700
13-82
13-83
14*06
400
ia-fc
200
100
13-77
13-78
13-79
13-80
13-81
14*04
14-05
1.000
July.
700
'
200
600
800
200
100
400
100
..1*00
1401
..14-02
roo
500
13-65
High.
509 150,800
For
200
For June.
"
I860
13-02
18-08
13-64
J.700
1,000
1,600
Deliv¬
eries.
1,117 149.500
453 119,400
1,210 154.500
1,623 88,000
23,700
61,900
For May.
Holid ay...
i*83
1
500
Jan’ry
12%
10%
11%
Sales.
5,600
2,200
13 38
..
600
200
100
;oo
400
200
-100
13-99
200
.:
1,500
Ot*.
1401
1402
14*03
600
14-00
14-01
14 03
14 04
14 00
14 06
Moo
li*»l
1412
1413
14-15
100
1,400
.
High.
12®i0 12®i0
PUTURB8.
TotaL
40*1
.-...13*80
BOO
1893
.-..13 94
13-95
13-96
18-97
13-98
1,900.
For
12l6l0
&“{• 133x0
503
.13-77
.
..
12%
For forward
For
1,400
1,300
1,500
5 400
3,S00
1,000
1,500
1,400...
.500
200
18-00
13-91
800
500
500
200
700
1,000
Frl.
1,080 3,146
686
4,912 662,200! 13,700
The daily deliveries given above
are
actually
delivered
vious to that on which
the day pre¬
they are reported.
......
2,600
12
Th.
*500
...13 73
100
1,700
13-88
1.8-89
Balos.
13-92
1395
13*96
13317 1
13 98
18-9?
..
The following will show the
range of prices paid for futures,
and the closing bid and
asked,
at 3 o’clock P. M., on each
day in
the past week.
4
14
12%
12546
12®i0
sit.
1,600
1,000
113x0 ll*i«
11®10
12ii0
12%
Spec- Tran¬
sump.
13%
14%
Th.
SALES OF SPOT AND
TRANSIT.
Con-
13%
13%
Wed
12&X0 127x0 127,0
Sat..
Total
Frl.
MARKET AND SALES.
•POT MARKET
CLOSED.
.
Th.
14
13
13%
13%
1013x0 1015x0 1015x0 10%
li®l0
11%
Holi¬
day.
13%
14%
121316
127a
91 on Tues Wed
ft lb.
Middling
Wed
H
SS?
8Iru
Sat.
Good Ordinary
Strict Good Ordinary
Low Middling
.
13%
13%
14%
...13-71
4,200
1,300
12%
12%
1213, 12%
1215x0
133l6 13%
137,0 13%
131519 14
X4H„ 14Hi0 14% Ullj,
.
13%
13%
STAINED.
Mon
13%
13%.
121310 12%
13
12%
n
%
11%*
11%
III610 12lx0
123x0 125,0
i
12%
13
I2ii0
12B10 12%
12710 12710 12% 12® i0
Str.L’wMla 12H16 1230 12%
Middling... 1278
12l3l6 121316
Good Mid.. 13ie
ISljG 13li0
Str. G’d Mid 1338
13516 136i0
Kidd’g Fair 13% 13l3i0 1313x0
Fair
14%
14®ift 14*16
11%
11%
«
500
Cts.
.
3,200
13-87
1,800
1,000
....13 70
2,700
1,200
Hon. Toes
4
127a
11*10
11%
1170
12%
11%
11%
1211x0 1213i0
o
Frl.
!»
Ills*
12%
i—<
13%
13%
1370
14%
13%
13%
■
Wed
Strict Ord.
12iu
3,400
0,000
2,! 00
4,200
Ui%0 12ii0
123x0 128i0
•
12®i0 I2lii0
12%
127h
73
Good Mid
Str. G’d Mid
11%
11%
•
....13-0<
132,000
TEXAS.
Mon Toes Sat.
12*10 123l6
&
Str.L’wMid
1118
lUo
1130
*e
Middling...
Mon Toes Sat.
11
•
NEW ORLEANS.
4/00
400
100....
13*75
13-76
13 77
13 78
13-79
13*80
13-81
13-83
..13-83
18'84
13-85
13*86
3,000
3,300
4,400
3,-00
...13*01
6/WO
18*18
..
000
0,100
Bales.
.18-74
1/00
....1»'57
Cts.
.13-73
....
..
600
fcOO
3,500
as
45
!
J ANUARY
47.000
623,000
28,000
888,112
145,490
21,000
(apply.... ,.•■8)978,907 2,364,637 ZAlD.lOi
9,750
134,570
18,000
i.JOiAU^
i
THE CHRONICLE.
46
Of the above, the totals
foHows:
J
Liverpool stock
.
Continental stocks
:...
American afloat for Europe...
United States stock
United States interior stocks.
United States exports to-day.
.
.
.
.
1877.
365,000
1880.
1879.
1878.
387,000
60,000
476,545
907,791
203,980
285,000
129,000
218,000
205,000
623,000
888,112
145,490
224,000
510,000
924,922
21,000
18,000
609,000
859,822
158,565
21,000
5,000
134.576
.2,040,316 2,062,387 2,100,602 2 ,176,498
Total American
East Indian, Brazil, dec.—
Liverpool stock
.
London stock
.
Continental stocks
India afloat for Europe
.
137,000
122,000
167,000
243,000
51,284
60,903
49,250
15,000
61,500
47.250
47,000
62,000
22,000
55,486
23,408
.
Egypt, Brazil, &c., afloat
RECEIPTS FROM PLANTATIONS.
of American and other descriptions are as
Amcricanr—
.
47,000
29,000
103,500
73,000
65,000
318,500
302,250
333,081
.2,040,316 2,062,387 2,100,602 2 ,176,498
Total East India, &c
Total American
.
Total visible supply
Price Mid. Upl., Liverpool
—
.2,373,397 2,364,637 2.419,102 2 ,708,248
7d.
7i ied.
63sd.
5&ied.
Receipts at the Ports. Stock at Inter’r Ports Rec’ptsfrom Plant’ns
Week
ending—
3
Oct.
II
il
17
14
24
• 4
31
7
Nov.
44
14.."...
41
21
44
28
5
Dec.
12
44
19
44
28j
Jan.
2
44
9
1879-80
1877-78 1878-79 1879-80 1877-78 1878-79 1879-80
1877-78; 1878-79
29,720 47,208 52,207
169,408 41,891 59,823 68,913
181,714 58.745 79,597 81,227
214,461 80,374 97,887 95,993
245,613 105,814 115,034 115,735
225,087 126,620 149,498 133,905
220,216 132,403 174,583 187,126
218,408 136,941 188,491 218,993
849,152 157,082 205,912 264,183
216,167 169,073 236,280 287,109
234,876 185,665 259,129 317,468
218,907 226,559 280,957 343,503
207,601 231,876 294.281 364,926
154,306 253,239 281,634 355,943
142.099 121.091 149,486 i$36,293i253.647 349.859
79,250
121,435
151,908
179,238
202,776
219,582
200,354
205,518
192,357
186,356
219,397
272,488
259,951
157,118
140,326 173,736
160,773 186,114
180.007 194,028
180,528 229,227
174,427 205,355
217,338 243,257
201,089 273,437
195,284 250,280
202,046 294,337
251,116 239,093
243,140 2(55,235
220,710 244,942
213,305 229,024
130,508 145,323
125,153
93.104 143.402
130,990
148,158
160,233
162,236
177,336 157,280
198,776 182,874
194,571 176,004
200.980 181,376
172,216 184,625
174.365 220,748
202,805 220,291
231,594 204,882
224,634 199,981
165,755 143,155
70,040
109,264
135,054
157,609
10
44
531,750
[VOL. XXX,
162.303
figures indicate an increase in the cotton in sight to¬
The above statement shows—
1. That the total receipts from the plantations since Sept 1 in
night of 8,760 bales as compared with the same date of 1879,
a decrease of 45,705 bales as compared with the corresponding
1879-80 were 3,638,899 bales; in 1878-79 were 3,088,377 bales; in
date of 1878,
decrease of 334,851 bales as compared with 1877. 1877-78 were 2,860,580 bales.
2. That although the receipts at the out ports the past week
In the preceding visible supply table we have heretofore only
were 149,486 bales the actual movement from plantations was
included the interior stocks at the 7 original interior towns.
only 143,402 bales, the balance being drawn from stocks at the
As we did not have the record of the new interior towns for the
interior ports.
Last year the receipts from the plantations for the
four years, we could not make a comparison in any other way. same week were 93,104 bales, and for 1878 they were 125,153 bales.
That difficulty no longer exists, and we therefore make the fol¬
Weather Reports by Telegraph.—The weather the past
lowing comparison, which includes the stocks at the 19 towns week has been unseasonably warm in the greater portion of the
given weekly in our table of interior stocks instead of only the Southern States. In some sections considerable rain has fallen ;
old 7 towns.
We shall continue this double statement for a in the Atlantic States very little. The rivers are all higher, but
time, but finally shall simply substitute the 19 towns for the 7 our report of the Red River at Shreveport shows that more water
is still needed for the free navigation of the upper tributaries.
towns in the preceding table.
Latest advices, however, indicate that the water is still rising.
1877.
1878.
Galveston, Texas.—We have had drizzles on three days the past
American—
1880.
1879.
^Liverpool stock
387,000 285,000 218,000 365,000 week, the rainfall reaching thirty seven hundredths of an inch.
205,000
224,000
Conti nlental stocks
60,000
129,000
623,000
510,000 The weather has been unseasonably warm, the thermometer
American afloat to Europe.... 476,545
609,000
924,922 averaging 68, and ranging from 61 to 74. The total rainfall at
Untted States stock
907,791
859,822
888,112
236,293
223,007
253,647
United States ioteriorstocks..
349,859
Galveston each of the last eight years has been as follows :
21,000
18,000
United States
The above
*
v
'
exports to-day..
5,000
21,000
2,186,195 2,157,469 2,191,405 2,264,929
Total American
East Indian, Brazil, dec.—
India afloat for Europe
51,284
60,903
55,486
Egypt, Brazil, &c., afloat
28,408
22,000
167,000
15,000
61,500
47,000
28,000
333,081
302,250
318,500
London stock
Continental stocks
Total East India,
Total American
&c
49,250
47,000
62,000
243,000
47,250
103,500
73,000
65,000
the week,
531,750
2,186,195 2,157,469 2,191,405 2,264,929
2,519,276 2,459,719 2,509,905 2,796,679
Total visible supply
These
122,000
137,000
Liverpool stock
figures indicate an. increase in the cotton in sight to-night
59,557 bales as compared with the same date of 1879, an
increase of 9,371 bales as compared with the correspond ing date
of 1878, and a decreme of 277,403 bales as compared with 1877.
of
At the Interior Ports the
movement—that is the receipts
shipments for the week, and stocks to-night, and for the
corresponding week of 1879—is set out in detail in the following
and
statement:
Week
Receipts Shipm’te 8tock.
Augusta, 6a
Columbus, Ga....
Macon, Ga
Montgomery, Ala
4,046
3,022
2,909
3,040
ending Jan 10, ’79
Receipts Shipm’te Stock.
17,661
20,728
7,453
1,000
15,574
4,528
15,975
2,829
7,745 112,045
3,911
1,941
1,114
2,121
6,021
5,470
4,886
25,288
80.748
14,544
1,316
995
9,491
25,779 203,980
19,753
Memphis, Tenn..
Nashville, Tenn..
10,^34
1,517
Total, old ports.
23,391
Dallas,Texas..
Jefferson, Tex.*..
Shreveport, La
Vicksburg, Miss.
Columbus, Miss..
Eufaula, Ala
314
500
271
500
3,034
2,585
3,720
1,408
1,550
17,483
7,425
4,964
2,170
3,595
1,530
..
Griffin, Ga
Atlanta, Ga.l
2,609
4.601
1,690
1,066
936
560
276
1,596
2,480
1,600
1,783
479
800
3,612
11,900
6,245
1,888
71,384
13,899
5,553
796
479
654
3,261
9,024
9,126
10,203
40,652
6,611
25,392
35,519
95,082
14,383
23,504
Total, new p’rtf
48,297
51,993 145,879
Total, all.
45,145
77,772 349,859
71,688
t This year’s figures estimated.
old
1,000
2,563
3,895
1,561
1,900
1,022
2,151
713
14,860
19,579
that the
1,626
755
622
76
The above totals show
858
1,217
1,204
3,576
452
Estimated.
37,613 158,565
3,300
9,151
6,128
6,561
3,482
2,152
9,212
450
Rome, Ga
Charlotte, N. C..
St. Louis, Mo....
Cincinnati, O....
*
22,869
13,649
6,264
12,425
13,119
729
2,272
..
6,855
3,005
3,7 L4
873
2.246
Selma, Ala
Week
ending Jan. 9, ’80.
73.132 253.647
interior stocks have
decreased during the week 2,388 bales, and are to-night 45,415
bales more than at the same period last year. The receipts at the
tame towns have been 3,638 bales more than the same week last
year.
•
Receipts from the Plantations.—The
Rainfall.
58-48
Rainfall.
L879
L878
1877
1876
following table is
:
26-90
60-90
66-87
50-92
,
1875
1874
1873
1872
49-58
58-91
43-69
Indianola, Texas.—It has rained tremendously on four days of
but has proven very beneficial. The thermometer has
averaged 68, with an extreme range of 59 to 78, and the rainfall
bas reached four inches and thirty-six hundredths.
Corsicana, Texas.—There have been sprinkles at this point on
two days, the rainfall reaching nine hundredths of an inch, and
we are needing more.
Average thermometer 66, highest 79, and
Lowest 55.
,
'
.
,
,
Dallas, Texas.— The weather during the week has been warm
and dry, and we are needing rain badly.
The thermometer has
ranged from 55 to 79, averaging 66.
Brenham, Texas.—We have had delightful showers on two
days this week, apparently extending over a wide surface, and
they have been very beneficial. Average thermometer 67, high¬
est 75, and lowest 60.
The rainfall for the week is two inches
and fifty hundredths.
New Orleans, Louisiana.—Rain has fallen during the week on
two days, to a depth of sixteen hundredths of an inch.
The
thermometer has averaged 68.
Shreveport, Louisiana.—The weather during the week has been
cloudy and rainy, the rainfall aggregating one inch and seventytwo hundredths.
Roads are in poor condition, and cotton is
coming in slowly. 1 he thermometer has ranged from 2o to 68,
averaging 66.
Vicksburg, Mississippi.—It has rained during the week on one
day. About three quarters of the crop in this section has been
marketed to date.
Columbus, Mississippi.—There has been no rainfall
past week, the weather having been warm and dry.
during the
Thethermom-
76 and the lowest 60.
past week,
and ninety hundredths. Average thermometer 62, highest 75, and
has averaged 63, the highest being
Little Rock, Arkansas.—It has been cloudy all the
with rain on four days, the rainfall reaching one inch
eter
eight
lowest 51. Roads are in
from the country is almost
such a condition that transportation
impossible.
Tennessee.—We have had rain on fonr days, to a
depth of one inch and twenty-eight hundredths. The thermome¬
ter has ranged from 43 to 72, averaging 61.
Memphis, Tennessee. —Telegram not received.
Mobile, Alabama.—The weather has been warm and dry all
the week, no rain having fallen. The thermometer has averaged
64, the highest being 74 and the lowest 57.
Nashville,
Montgomery, Alabama.—We have had warm, sultry weather
luring the past week, but no rainfall. The thermometer has
ranged from 53 to 75, averaging 66.
Selma,
week
on
Alabama.—It rained during the earlier part of
one day, but the latter portion has been clear
pleasant.
Madison,
Florida.—There has been no
last
and
rainfall at Madison
prepared for the purpose of indicating the actual movement each
week from the plantations. Receipts at the out ports are some¬
times misleading, as they are made up more largely one year
than another, at the expense of the interior stocks.
We reach,
therefore, a safer conclusion through a comparative statement
during the week. The thermometer has averaged 53, the high¬
est being 82 and the lowest 25.
About ninety per cent of our
like the following:
Lowest 55.
crop
has now been
marketed.
Macon, Georgia.—Telegram not received.
Columbus, Georgia.—There has been no rainfall
during the week.
Average thermometer
at this point
70, highest 78, and
THE CHRONICLE.
January 10, 188 >.j
Savannah, Georgia.—There has been no rainfall during the
past week, the weather having been pleasant but warm. Aver¬
age thermometer 63, highest 75, and lowest 52.
Augusta, Georgia.—The earlier part of the past week was
clear and pleasant, but during the latter portion we had light
rains on two days, the rainfall reaching sixty-eight hundredths
of an inch. Average thermometer 61, highest 75, and lowest 45.
Planters
are
January 1 show
Below high-watermark..
Above low-water mark...
Above low-water mark...
Above low-water mark...
Above low-water mark...
Memphis
Nashville
Shreveport
Vicksburg
6
Shipments this week.
Year.
3
35
5
7
17
7
11
10
Mo¬
bile.
Sat. 15,389
Mon 6,054
2,354
3,577
1,544
Tues
7,481
1,400
3,284
6,998
Frl.. 11,825
2,766
577
1,069
1,625
1,779
1,831
3,145
2,548
2,001
2,428
2,668
973
3,063
Wed
Thur
Tot. 51.031 13.342
Char¬ Savan¬ Galnah. vest'n.
Nor¬
leston.
1,734
8.724 15.016
folk.
1,082
1,444
952
1,121
925
1,234
All
ming¬ others.
2,726
2,650
2,166
2,29o
307
123
76
1,785
1,549
6,758 13,171
5,543
4,827
7,167
6,761
2,963
96
91 13,359
Year
Receipts.
Bfept’mb’r
October..
Novemb’r
Decemb’r
1879.
1878.
333,643
888,492
942,272
956,464
288,848
689,264
779,237
893,664
Beginning September
1877.
98,491
578,533
822,493
900,119
1876.
236,868
675,260
901,392
787,769
as
Bombay
Total
1877-78.
1876-77.
/
15,776
9,614
“
2....
3b,208
22,227
“
3....
30,790
36,437
S.
14,949
23,548
22,906
S.
*
“
“
4....
5....
6....
“
7....
“
8....
“
19,929
17,551
34,762
9....
33,248
14,528
14,994
20,046
..
18,351
30,235
18,957
31,491
20,055
8.
31,768
21,319
17,404
18,523
16,245
15,384
12,671
12,891
13,218
8.
27,877
14,735
16,371
8.
32,192
25,942
23,840
we
follows:
Total
8.
59-71
6,000
6,000
22,000
12,000
12,000
14,000
14,000
28,000
28,000
for the week
ending Jan. 8, and for the three
date, at all India ports.
and
Shipments.—Through
have made with Messrs.
arrange¬
Davies, Benachi & Co., of
1880.
1879.
1878.
140,000
2,575,000
70,000
80,000
1,145,000
2,099,000
This
Since
This
week.
Since
Sept. 1.
This
week.
Sept. 1.
week.
5,000 166,000
5,000
4,000
Since
Sept. 1.
5,096
Europe
96,189
10,096 262,189
00Wto Vo 8§
CO
6,000 157,000
7,000 89,800
9,000 115,500 13,000 246,800
10,096 bales.
Manchester Market.—Our report received from
Manchester
to-day (Jan. 9) states that prices of shirtings and twists have
advanced to the prices given below and that the market
is quiet
but firm.
We leave previous weeks'
prices for comparison.
1879.
32s Cop.
Twist.
d.
Nov.
7
u
9^
u
9
103g®10%
1878.
8*4 lbs.
Shirtings.
d. s.
@&3i 6
14 94 @97§
a
21 9H @97s
n
28
Dec.
5 10 @10 Lj
44
12 10»«@1088
u
19 10 @1078
44
26 10 @IO70
Jany. 2 10 @107e
9,764
63-68
Since
Jan. 1.
ending
shipments to all Europe
24,391
10,043
/
This
week.
This statement shows that the
receipts for the week
Jan. 8 were 140,000 cantars, and the
8.
3,316,341 2,816,456 2,592,216 2,732,833
2,502,450 2,226,832
Percentage of total
p'rt rec'Dts Jan. 9..
63-32
59 65
67-68
Since
Jan. 1.
22,000
To Liverpool
To Continent
26,517
14,389
Total
This
week.
1878.
Exports (bales)—
1874-75.
7,568
13,845
13,640
12,000
6,000
This week....
Since Sept. 1
-
16,790
24,787
21,812
22,000
Receipts (cantars*)—
Tot.Dc.31 3,120,871 2,651,013 3,399,636
2,601,289 2,340,686 2,106,675
Jan. 1....
13,000
8,000
1.
1875-76.
6,000
8,000
6,000
8,000
Jan. 8.
This statement shows that
up to Dec. 31 the receipts at the
ports this year were 469,858 bales more than in 1878 and
721,235
bales more than at the same time in 1877.
By
adding
to the
above totals to Dec. 31 the
daily receipts since that time, we
shall be able to reach an exact
comparison of the movement for
the different years.
1878-79.
3,000
4,000
6,000
Alexandria, Egypt,
Total year3,120,871 2,651,013 2,399,636
2,601,289 2,340,688 2,106,675
Pero'tage of tot. port
59 60
receipts Dec. 31...
55*21
64-43
55*85
60-24
1879-80.
Total.
Liverpool and Alexandria, we shall hereafter receive a
weekly
cable of the movements of cotton at
Alexandria, Egypt. The
following are the receipts and shipments the past week and fer
the corresponding weeks of the
previous two years.
22,906
19,929
17,551
34,762
134,37e
536,968
676,295
759,036
3,000
4,000
9,000
12,000
1879.
Since
Jan. 1.
Alexandria Receipts
ments
23,548
169,077
610,316
740,116
821,177
nent.
6,000
total movement
30,790
1874.
Conti¬
6,000
6,000
All other ports.
Totbl.
1875.
Great
Britain.
6,000
8,000
22,000
12,000
13,000
This
week.
from—
824 40,620 149,486
The movement each month since Sept. 1 has been
Total,
nent.
1880.
Shipments
Europe
ton.
i31
3,000
4,000
to all
years up to
Wil¬
3,000
4,000
9,000
12,000
Shipments since January 1.
EXPORTS TO EUROPE FROM ALL INDIA.
8ATURDAT, JAN. 3, '80. TO FRIDAY. JAN. 9. ’80.
New
of
Or¬
wc’k leans.
Conti¬
follows.
as
Missing.
and Daily Crop Movement.—
A comparison of the port movement by weeks is not
accurate,
as the weeks in different
years do not end on the same day of the
month.. We have consequently added to our other
standing
tables a daily and monthly statement, that the reader
may con¬
stantly have before him the data for seeing the exact relative
movement for the years named.
First we give the receipts at
each port each day of the week ending to-night.
D'ys
The movement at
same week and
The above totals for this week show that the
movement from
the ports other than
Bombay is 2,000 bales less than same week
of last year.
For the whole of India, therefore, the total
shipments this week and since January 1, 1830, and for the
corresponding weeks and periods of the two previous years, are
Comparative Pout Receipts
PORT RECEIPTS FROM
Great
Britain.
1880
1879
1878.
1877
Jan. 9, '79.
Feet. Inch.
10
1
0
11
4
7
11
28
15
bales.
CALCUTTA, MADRA8, TUTICORIN, CARWAR, RANGOON AND
KURRACHBE.
Charleston, South Carolina.—We have had a shower on one
day, the rainfall reaching nine hundredths of an inch. The
thermometer has ranged from 53 to to 74, averaging 61.
The following statement we have also received
by telegraph,
showing
owing the height of the rivers at the points named at
3 o’clock
i
Jan. 8, 1880, and Jan. 9, 1879.
New Orleans
decrease of
a
Calcutta, Madras, Tuticorin, Car war, &c., for the
years has been as follows.
sending their cotton market freely.
Jan. 8, '80.
Feet. Inch.
47
6
6
6
8
6
6
6
6
7
d.
s.
Cott'n
Mid. 32s Cop.
Uplds
d.
8i4lbs.
Twist.
d.
d.
d.
Shirtings.
Cott'n
Mid.
Uplds
4**@7
7*s
6*
6
9
•778@8s8 5
678
770@8\ 5
d.
s.
6 @7
6 @7
77s@8\ 5
6
@7
8
8
6
@7
6
3
3
3
6
6
@7
@7
4**
41*
@7
5*
478
41*
4i*
51i«
5*16
@7
41u@7
7i*
6
9
0
9
@7
@3
101a@8
9
9
9
0
@8
@8
@8
@8
European Consumption
67s
61516
s.
@8* 5
@8* 5
7%@81* 5
1»*
7
0
0
0
3
67a
70a@8i4 5
61316
7Ts@8ag 5
7%@8** 5
6131a 788@8,4
5
@7
@7
@7
d.
<L
41*
4i*
4>*
41*
5H
0
6
5*4
5i*
5*i«
5H
5»16
Surplus Receipts.—In our edit¬
to-day will be found some remarks on this sub¬
ject which may be of interest to onr readers.
Overland Movement.—The
following is the overland move¬
ment as made up at New Orleans and received
and
orial columns
by telegraph
This statement shows that the
yesterday. It will be seen that the total direct to the mills
receipts since Sept. 1
to
to-night are now 499,885 bales more than they were to the up
agrees
with our statement published in Chronicle of December
same
day of the month in 1879, and 724,125 bales more than
27—this
total is 324,923 bales and ours was
they
were to the same
325,000 bales.
day of the month in 1878. We add to the last
table the
•
•
percentages of total port receipts which had been
1879-80.
received to Jan. 9 in each of the
years named.
Net receipts at U. S. ports from
India Cotton Movement from
Sept. 1 to Jan. 1
3,135,092 2.637,495
all Ports.—The
Stock at United States ports
figures Total
878,271
which are now collected for
866,634
overland
direct
from
us, and forwarded by cable each
producers
581,337
358,959
Friday, of the shipments from Calcutta, Madras, Tuticorin, Car- Shipments direct to mills
324,923
162,225
In transit to delivery ports
war, &c., enable us, in connection with our
10,929
37,955
Foreign export and Canada
previously-received
1,689,70? 1.419,500
report from Bombay, to furnish our readers with a full and In transit between delivery ports
51,666
23,170
Taken by Northern spinners from ports
complete India movement for each week. We first
590,181 379,498
the Total taken
givo
by
spinners from ports and overland
Bombay statement for the week and year, bringing the
direct
figures
down to January 8.
915,104
541,723
'
.
-
According to the foregoing onr spinners have now token
373,000
bales more than at this time last year, so that
Shipments since Jan. 1.
they must
Receipts.
be pretty well stocked up.
Year Great Conti¬
Great
Conti¬
This
Since
Brit’n. nent. TotaL Britain.
Total.
Receipts and Crop.—There seems to be still
nent.
Week.
Jan. 1.
very great di¬
1880 5,000 1,000
versity
of
opinion
6,000
with
5.000
regard
to
the
1,000
present
6,000 11,000
crop. In the
1879 4,000 2,000 6,000
11,000
4.000
2,000
6,000 13.000
1878 3,000 3,000 6,000
13,000 light of current receipts we cannot understand the basis for
3,000
3,000
6.000 11.000
1877 3,000
11,000 such wide
3,000
3,000
differences, the extremes being almost a million bales
3,000 9,000
9,000
apart. On the 27th of December we showed what had at that
appeals w BJJ.U W a UCDTeuHe
compared with last year in the week's
receipts of 2,000 bales and a date already come in sight. That statement appeared to
decrease in shipments of —
prove
bales, and the shipments since that
receipts must either fall off very soon and very decidedly,
Shipments this week
—
o
~
[Vol. ns,
THE CHRONICLE
48
for Europe was even larger than our esti¬
it. Let us again analyze this question of
receipts a little ; not that we wish to give any new opinion as
to final results, but simply to keep before our readers th e
wonderful extent of the movement as it progresses. We leave
it for each reader to draw his own conclusions. * The total
number of bales which had come from the plantations on the
first of January this year and last year was as follows :
Receipts
3,120,871
355,000
325,000
290,000
174,000
planations since Sept. 1..Kales.
3,800,871
3,115,013
Total from
This shows
week,
4,908
6,930
6,722 146,384
1,555
23,964
Baltimore.
This
Sinee
week. Sept. 1.
2,575
359 11,226
3,627
29,910
65
375
399
6,793
7,011
57,013
454
4,653
89,047
2,001! 32,215
Virginia.. 13,610 148,096
450
5,462
North; pts
Term., &c. 19,564 97,988
300
1,613
Foreign..
This year.
I Philadelphia
This
Since
Since
Tliis
week. Sept. 1. week. Sept.l,
80,435
63,086
.
8,923
3,385
2,187 32,535
8,2141 83.599
88,788
2,986 33,405
10,000
62,161608,079 25,635 235,818
47,271
7,786 110,732
5,594 146,875
38.496
4,329
Lastjrear. 28.068 492,317
8.771
35,927
News.—The exports of cotton from the United
week, as per latest mail returns, have reached
79,917 bales. So far as the Southern ports are concerned,
are the
ssme exports reported by telegraph, and published in
the Chronicle last Friday.
With regard to New York, we
include the manifests of all vessels cleared up to Wednesday
Shipping
States the past
actual increased movement to January 1 of
an
| Since
j Sept. 1
7,735
2,402
N. Orl’ans
Texas....
Savannah
Mobile...
Florida.
S.Car’lina
N Car’lina
2,G51,013
Receipts at ports to January 1
bales.
Stock at interior towns less stock Sept. 1 “
Overland to mills direct to January 1.... “
This
from—
1878-79.
1879-80.
Boston.
New York.
else the surplus
mate of Dec. 6 put
or
=
these
Now our small-crop friends tell us—and
this time positively—that receipts from the plantations are go¬
ing to fall off very materially from this date on. Well, suppose
night of this week.
Total bales.
they do—suppose the movement averages 30,000 bales less per
New
Liverpool,
per
York—To
steamers
The
Queen,
656—
week the next five weeks and 15,000 bales the succeeding eight
Algeria, 370
Germanic, 950
City of Richmond, 682
weeks—even then we have more than a 5^ million crop left. But
3,540
Baltic, 795
Wyoming, 44....Scythia, 37..
To Havre, etc., per steamers Cimbria, 517
France, 204...
721
we did not intend to speak of the future.
We have on former
To Bremen, per steamers Neckar, 200—Main, 254
454
To Rotterdam, per steamer P. (Inland, 107
107
occasions stated enough to enable any reader to draw an intel¬
New Orleans—To Liverpool, per steamers Plantain, 5,000....
ligent conclusion, if he desires to do so. The following, prepared
Gracia, 2,812....Explorer, 4,100
11,912
To Havre, per steamer Blythwood 630, (additional)
per
by the New Orleans Cotton Exchange, exhibits at a glance the
5,747
ship Aurora I. 2,179
per bark Wave of Life, 2,938
To Rouen, per steamer Llandough, 58
movement at that port this season compared with last season :—
58
nearly 700,000 bales!
To Malaga, per bark Lnssignano, 800
To Genoa, per ship Sandusky, 1,683... .per
'
SOURCES OF RECEIPTS AT NEW
Arkansas River.
Ouachita River.
Red River.
'
ORLEANS TO DEC. 31.
'
December
Previously
1878.
1879.
10,551
13,361
25,200
16,404
9,950
24,149;
26,354
33,139
86,802.
23,912
To date
Balance season.
i
9,339j
34,539,'
110,580|
Chic. St. Louis &
N. Orleans RR.
December
....
8,720(
j Mississippi
River
and all other.
4,764
8,738
4,764
12,293
1879.
1879.
1878.
75,223
91,662; 169,661
17.057
Total all
161,903
70,6351 357,408
176,799! 545,935
To date
237,126 162,297; 527,069
346,090* *823,199
Total season..
1878.
315,836
265,493
277,264 277,264
Previously
Balance season.
source?.
1879.
1878.
113,221:
271,169
580,829
594,085
275,518.
617,259
1,174,894
This shows that the river sections have
hitherto been shat up
by the low water. Higher water is reported now, but not yet
enough (we have not received our river telegrams as we write)
to. open np
the large bay on region in the Red River district.
Gunny Bags, Bagging, &c.—Bagging is looking a little better,
and the market is ruling steady, with an increase in the demand.
We do not hear of any large transactions, but there is more in¬
quiry, andpricesarenow9fc.forlf lbs., 10^c. for21bs. andll^c. for
standard, Batts are also more active, and we bear of sales to the
extent of 3,000 bales paper grades and 5,000 bales bagging qual¬
ities at private figures, but said to be a shade under quotations.
The market is in good shape, and a brisk trade is looked for, and
at the close the feeling amoDg dealers is steady at 3<S«3£c. as to
quality.
The Exports of Cotton from New York
this week show
a
compared with last week, the total reaching 1,441
decrease,
bales against 3,723 bales last week.
Below we give our usual
table showing the exports of cotton from New York, and their
direct on, for each of the last four weeks; also the toUl exports
and direcco i since Sept. 1, 1879, ani in the last column the total
for the same period of the previous year.
as
Exports of •otton (bales) from New
Week
York since Bept. 1,1879.
Same
ending—
Total to
•
Exported to—
Dec.
17.
Other British ports
Total to Great Britain
8,422
Dec. j
4.295
3 36
3,006;
158!
Other French ports
31.
date.
Jan.
S76j 182,327 139,189
j
J
517
year.
4,252
6.346
876 188,673 143,441
204
16,621
9,579
100
......
j
Total French
...
....
Hamburg
Other ports
Total to North. Europe
1.624
599-
2,223
158
517
204
16,621
9,679
694
200
254
9.893
107
16,888
10,046
2,124
361
29,05
1,201
1,695
200
Spain, Op’rto, Gibralt’r,&c
11,730
O CCA
3,206:
Total Spain, Ac
....
10,6451
6,484
......
3,723'
1.441
3,206,
3,G60
237,558jlC8,510
The Following are the Receipts of Cotton at New
York,
Boston, Philadelphia ap<J Baltimore for the past week, and since
September J, 1879;
,
Canopus, 2 (additional)
Philadelphia—To Liverpool, per steamer
721
Pennsylvania, 100...
800
2,883
3,002
1,550
3,395
9,808
12,640
5,060
4,825
1,061
3,446
2,500
2
4,750
2,596
900
100
79,917
Total
usual
in our
particulars of these shipments, arrangd
form, are as follows:
The
Malaga
Liver- Havre Brem’n,
aud Am’dam Sebas- Chris- Barce- and
Coik.Rouen. & Ii’dain topoL tiana. Iona. Genoa. Total.
4,822
New York... 3,540
721
561
3,683 21.400
N. Orleans ..11,912 5,805
pool &
■.
Mobile....... 3,062
Charleston.. 1,550
Savannah
9,808
3,395
...
....
....
17,700
1,061
4,825'
....
1,446
....
Wilmington. 2,500
....
Texas
Norfolk
Baltimore
Boston
..
4,750
2,596
900
-
....
....
100
Philadelphia
3,062
4,945
33,394
1,446
2,502
4,750
2,596
900
100
9,921 18,261 4,825 •
2 1,061 3,683 79,917
give all news received to date of disasters to vessels
carrying cotton from United States ports, etc.:
Amazonense, steamer (Br.), Holgate, at Liverpool December 30th from
Norfolk, lost boats, bulwarks, and chart house.
Canopus, steamer (Br.), at Liverpool December 29th from Boston, lost a
Total...
Below
42,164
we
boat, sails and mir-Am boom. <
IIansa, steamer (Ger.). Dannemann, from New York, with cotton
Bremen, went ashore-ou Terschilling January 4th, an island in the
North sea. She hat! a broken screw. Bhe made so much water
that the crew were obliged to leave her on the 5th.
Part of the
for
5th.
cargo was saved. Tugs were alongside P. M. of the
Secondo Barker as, steamer (Span.), Santos, from Charleston Novem¬
ber 28th for Barcelona, has put into St. Michaels prior to December
31 st w ith her machinery damaged.
Wiieatfield, steamer (Br.), from New Orleans for Antwerp, after being
lightened at Flushing, went up toward Antwerp, but w as obliged
to return to the latter place December 13th, after remaining two
days in the ice at Wa’soonden.
Adorna, ship, Hawkins, at Liverpool December 31st from Now Orleans,
lost mainmast head and all attached December 22d.
Orient, ship, Allen, which arrived at Livenxxd from Now Orleans on
December 28th, lost bowsprit and had cutwater aud stem damaged
in a collision.
Brilliant, bark (Nor.),
,
Paulsen, from Galveston for Amsterdam, which
put into Newr Orleans December 6th in distress, cleared for destina¬
tion January 5th.
Cotton Freights are
•
a
unchanged from last week’s figures.
Liverpool.—By cable from Liverpool we have the following
statement of the week’s Biles, stocks, &c.f at that port:
Dec. 19 to
Dec. 12.
635
8j
1,444 Upland
ship Viola, 2,376 Upland and 1,019 Sea Island
Savannah—To Liverpool, per ships Princeton, 4,718 Upland ami
80 Sea Island
Cyprus, 5,010 Upland
;
To Bremen, per steamer Coronilla, 4,100 Upland—per ship
Criterion, 4,940 Upland—per bark Themis, 3,600 Upland
To Amsterdam, per ship Adolphus, 5,060 Upland
To Sebastopol, per steamer Knight Templar, 4,825 Upland..
To Barcelona, per brigs I/da, 621 Upland
San Antonio,
440 Upland
*
Texas—To Cork, for orders, per bark Glarus, 1,446
—
Wilmington—To Liverpool, per brig Enrique, 2,500
To Christiana, Norway, per brig Norneu, 2
Norfolk—To Liverpool, per ship Servia, 4,750
Baltimore—To Liverpool, per steamers riarmatian, 982 aud 348
bags Sea Island
Indus, 846—Prussian, 420
Boston—To Liverpool, per steamers Olympus, 177—Bulgarian,
1,202
*
All other
Grand Total
perbKl
previ’us
7.
4,431j 3,006
Havre
Bremen and Hanover
Dec.
24.
Mobile—To Liverpool, per bark Alabama, 3,062
Charleston—To Liverpool, per bark Kate Howe,
and 106 Sea Island
To Havre, per
5,425
3,313
119,9411
145.119!
Total season.
1878.
1879.
1878.
1879.
bark Marco, 1,200
Bales of the week
bales.
Forwarded
Sales American
Of which exporters took ....
Of which speculators took..
Total stock—Est imated
Of which American—Kstim’d
Total import of the week—
Of which American
Actual export..
Amount afloat
J
Of which American
62,000
15,000
44,000
5,000
7,000
332,000
223,000
Dec. 19.
52,000
14,000
45,000
6,000
2,000
366,000
250,000
101,000
83,000
r
6,000
•78,000
342,000
9,000
384,000
344,000
Dec. 31.
65.000
19,000;
53,000
7,000
3,000
483,000
338,000
292,000
156,000
10,000
333,000
299,000
Jan. 9.
76,000
28,000
56,000
6,000
4,000
524,000
387,000
143,000
130,000
7,000
270,000
245,000
January 10,
THE CHRONICLE.
1680.]
The tone of the Liverpool market for spots and futures each day of the
week ending Jan. 9, and the daily closing prices of spot cotton, have
been as follows:
Saturday Monday. Tuesday. Wodnes. Thursday
Spot.
?
Market,
Active
Firmer A
and
fr’ctlon’ly
]
lirmer.
Mid. Upl’ds
Mid. Orl'iis.
61B18
7*16
12:30
p.m.
Market.
?
5 P. M.
J
and
firmer.
7
71iq
'•he
7%
Easier.
7hi
Dull.
7*10
7*4
No. 2
Hu per tine
7*10
7ais
7*ho
Western
)
12,000
2,000
Firm.
V
10,000
2,000
15,000
2,000
10,000
1,000
8,000
1,000
offerings
Steady.
free.
Steady.
Friday (Jan. 2.)
d.
..
May-June
I
7^
Minnesota patents...
City shipping extras.
Southern, bakers’ and
Delivery.
June-July
d.
7:*je
0^32
Jan.-Feb
Delivery.
d.
71j«
Apr.-May
7:h*
Delivery.
Mar.-Apr
Delivery.
Delivery,
.7
Apr.-May
Mar.-Apr
7°32
7
..63Vj®7
May-J uue ..7 i4®9;i2® J4 Feb.-Mar
®03132 luue-July
V&10
Mar.-Apr
.7310
7
7'w Jan.-Feb
Apr.-May
77a2
Feb.-Mar
7Js
7332
May-June
7932
Monday.
-Delivery.
Jan
Jan.-Feb
Feb.-Mar
Western, &c
Brandywine, (fee
Buckwheat flour,
Mar.-Apr
Apr.-May
..
May-June
.7&*2
..77a2®316
79a2
Delivery.
Jan.-Feb
Feb.-Mar..
7
Jan
Jan.-Feb
Feb.-Mar
Mar.-Apr
Apr.-May
Jan
7^32 ®*e
77*2®:b6
7032® *4
Mar.-Apr
April-May
Mar.-Apr
77a2
7932
Delivery.
Jan.-Feb...:
Feb.-Mar
Delivery.
June-July
Apr-. May
-*71i«
7032® *6
Mar.-Apr
A pril-May
73»2®®16 Jan.-Feb
7 m®932 Mar.-Apr
75jo
Apr.-May
May-June
7J4
May-June
73s
71 :,a2
77aa
.7®*2
71132
Delivery.
7/%
Feb.-Mar
7*4
7i32
,7&s2
7^32
Mar.-Apr
May-June
June-July
7114
7 hi
7*4
7&ia
7332
Feb.-Mar..
Thursday.
Delivery.
Jan
Jan.-Feb
Feb.-Mar
Delivery.
7
May-June
7
Jan.-Feb
7ije®i32 Mar.-Apr
Mar.-Apr
7%®332
Apr-May.... .7«he®632
Apr.-May
May-June
Delivery.
...77*2
June-July
03ia2 Feb.-Mar
7ii$
Mar.-Apr
Feb.-Mar
7*q
7 he
7*4
7
73a2 ®Iin
7>32
Friday.
Delivery.
Jan
Jam-Feb
Feb.-Mar
Mar.-Apr..
Apr.-May
Delivery.
..63i'io
63I32
7J*2
..
Delivery.
7732
Feb -Mar
7J4
Feb.-Mar
7
Mar.-Apr...*
Apr.-May,..
7^32®^ j
Peas—Cau’d^.b <fef.
State, 2-rowed...
72
®
82
®
2 30
80
biiHh.
Chicago
38,281
31,354
125
4,792
1,174
16,563
Cleveland.
Peoria....:....
Duluth
6,010
Com,
bush.
(56 lbs.)
<60 lbs.)
580,952 1,312,630
277,870
22,140
160,465
249,000
153,323
1,923
9,950
104,850
126,881
461,600
3,200
168,060
Oats,
®
05
95
49
50
05
85
77
95
river ports
Barley.
Rye,
bush.
bush.
bush.
(32 lbs.) (48 lbs.) (56 lbs )
195,451 56,733 21,011
29,597
15,572
4,778
11,200
66,539
67,200
41,181
12,445
350
696
5,093
4,500
22
16,263
11,164
21,000
18,450
Total
101.299 1,312,611 2,320,203
Same time ’79.. 107,708 1,280,544 1,289,393
390,337 145.120
412,415 109,517
63,788
03,584
The past week has developed very little change in the
general
condition of the dry goods market. Business opened quiet, but
improved somewhat toward the close of the week, when there
was a considerable influx of
package buyers from the South and
Southwest, who have already commenced operations for the
Spring trade. Values of both cotton and woolen goods were
firmly maintained by manufacturers* agents, and, despite the
late lull in the demand, stocks are exceptionally well in hand
and much smaller: than at the corresponding time in former
ye^rs. The jobbing branches of the trade have been quiet as a
rule, and transactions were mainly restricted to Ailing orders
from interior retailers, who seem to be doing a very
satisfactory
business.
Domestic Cotton Goods.—The exports of cotton
goods from
port daring the week ending January 6 were 2,196 pack¬
ages, distributed as follows : Great Britain, 1,205 ; Africa, 450;
Hayti,
136 ; Brazil, 107 ; Cisplatine Republic, 83 ; United States
4
of Colombia, 77 ; Argentine Repnblic, 59;
Hamburg, 38, &c.
There was a steady movement in nearly all kinds of cotton
goods in execution of former orders, but current transactions
were chiefly of a hand-to-month character, and
only moderate
in the aggregate. Brown and bleached goods are
closely sold
up to production, and prices are very firm. Colored cottons are
also in light supply, and many makes of white goods,
piques
and quilts are largely sold ahead. Print cloths were less active
than of late, but prices remained firm at 4%c, for 64x64s, and
4 7-16#4/£c. for 56x60s. Shirting prints were in active demand)
and there was some inquiry for medium fancy prints, but other
makes of calicoes ruled quiet, and ginghams were in
light request
this
May-June
June-July
j May-June
2 00®
State, 4-rowed...
60
Friday, P. M., January 9, 1880,
7*>\q
Wednesday.
,
®1
Wheat,
Delivery.
7332
7-ha
7&32
90
bbl«.
(190 lbs.)
Milwaukee
®
®
Barley—Canada W.
per
At-
Toledo
Detroit
®
45
54
54
52
THE DRY GOODS TRADE.
Anr.-May
May-June
June-July
Mar.-Apr
Apr.-May
7Js
Jan.-Feb
Feb.-Mar
May-June -.-7i*32®6i8
Feb.-Mar
7*32
79a2
Oats—Mixed
93
47
48
38
7332
Mar.-Apr...
Apr.-May
May-June
Delivery.
71 ie
7 he
—
2 80® 3 00
3 23® 3 30
Flour,
Tuesday.
Delivery.
Rye
Receipts of flour and grain at Western lake md
for the week ending Jan. 3, 1880 :
Bt. Louis
Delivery.
June-July
86ie
July-Aug
7'*s
May-June— —7*4
Jan.-Feb
6;n;{2
Mar.-Apr
7 hi
May-June —v...7^32
...7
7
73 32®1 ie
WheatNo. 3 spring, $ bu.$l 37 ® l
No. 2 spring
143 ®1
Amber winter...
140 ®1
lted winter, No. 2 1 53hi® 1
White
1 44 ®I
No. 1 white
15lfe*®
Corn—West, mixed
57
®
Western No. 2,old
59 V®
Western Yellow
®
Western White...
02 ®
White
Saturday.
Feb.-Mar
0 85® 7 75
0 25® 0 05
5 30® 5 00
Corn meal—
100 lbs
Mar.-Apr
7 50
7 00® 8 25
0 00® 0 00
itye flour, superflue..
unless otherwise stated.
Delivery.
0 50®
South'n ship’g extras.
Dull.
5 50
0 00
7 50
0 10® 0 40
do XX and XXX...
family brands
Steady;
8trong.
The actual sales of futures at Liveri>ool for the same week are given
below. These sales are on the basis of Uplands, I-ow Middling clause,
Jan
Jan.-Feb..
5 20®
5 70®
0 25®
Spring wheat extras..
Futures.
Feb.-Mar
GItAIN.
V bid. $4 23® 4 75
State and
Wintershipp'gextras.
10,000
2,000
8pec.<fc exp.
5 P. M.
closing quotations:
flour.
do XX and XXX...
Bales
Market,
but there was recovery yesterday ; and to-day the
was dull, with No. 2 graded
quoted at 49c. for mixed
and 50c. for white. *
The following are
Friday.
Active
Firm.
dearer.
rcuvy,
market
49
7316
Mar.-Apr
71.32
7
7632
...,7»je
BRE ADSTUFFS.
Friday, P. M., January 9, 1880.
The flour market has been
dull, and early in the week, sym¬
pathizing with the course of the wheat market, declined 10#
25c. per bbl., esjiecially for the low and medium grades. The
decline somewhat stimulated the demand, and on Thursday
prices were steadier, with a tendency toward some recovery in
values. Stocks are moderate and production much reduced.
Rye flour and corn meal have been dull and drooping, while the
mild weather operates to reduce the demand for buckwheat
flour. To-day the market was dull.
The wheat market was dull in the regular trade; but, at de¬
clining prices, the speculation in “futures” has been active, the
“bears” pressing sales in large lines. On Wednesday the
effort to enforce the cental system as the basis of transactions
was abandoned, and on
Thursday there was a decided recovery
in values, especially in futures. No. 2 red winter sold
up to
$1 58 for Feb. and $1 59 for March; No. I white $1 55% for
Feb., but receded a fraction at the close. To-day the market
again weakened, and the close was unsettled. After ’Change
the market closed firmer; No. 2 red Winter, $1 55%#$1 56 for
February and $1 57#$1 57^ for March; and No. 1 white,
$1
54 for February; No. 3 Milwaukee taken for export
but firm.
»
Domestic Woolen Goods.—1There has been
only a moderate
demand for light-weight clothing woolens, but agents continued
to make considerable deliveries of
fancy cassimeres, suitings,
cheviots, worsted coatings, &c., on account of back orders, and
prices ruled very firm. Heavy cassimeres, &e., were sought for
by clothiers, and some liberal orders were placed (for future
delivery ) but as few agents are as yet prepared to show sampled
of new goods transactions in this connection were
by no means
general. Indications point to an unusually early demand for
fall woolens, and the outlook in this branch of the trade is con¬
sidered very encouraging. Kentucky jeans have been devoid
of animation, and satinets, cloakings and repellents were
com¬
paratively
quiet. Flannels were in steady request and firm, bat
at $1 37.
blankets moved slowly, owing in a measure to the mildness of
Indian corn has steadily declined for both spots and futures, the
weather, which lias somewhat checked consumption.
under increased offerings and weakened speculative confidence.
Worsted dress goods were quiet but Arm, and the
Arlington
No. 2 mixed sold yesterday at 59c. for January and
February Mills black alpacas were slightly advanced by the agents.
and 58Me. for May ; “steamer” No. 2 on the
spot, 58#58lie.
Foreign Dky Goods.—There has been a
slightly improved
To-day there was no decided change.
demand for linen goods, Hamburg embroideries and laces at
Rye was dull and depressed throughout the week. Barley first
hands, but nearly all other imported fabrics rale qaiet.
has met with a fair demand, but prices are not
strong. Oats Linen goods are firmly held at the lately-advanced prices, anddeclined l#2c. per bush., and No. 2 mixed sold at 50c. for Fefcstaple goods of all kinds are steady at current quotations.
•
THE CHRONICLE.
Financial.
Financial.
BANKERS
NEW
BANKERS,
Dividends and interest collected and remitted.
agents for corporations in paying coupons
and dividends, also as transfer agents.
Bonds, stocks and securities bought and sold on
as
AND
BALTIMORE.
J. H. Latham & Co.,
ommlssion.
BROKERS IN
FOREIGN EXCHANGE,
United States, Chicago, Cincinnati, St.
Sound railroad and municipal bonds negotiated.
on
Union Bank of London.
AND
52
'
STREET.
Maitland,
BANKERS AND BROKERS,
covery of
the famous Comstock Lode, and also
pioneers in the celebrated Bodie district in which
are located the “ Standard,” 44 Bulwer,” *4 Bodie,”
and other well-known mines. Letters and telegrams
from these districts received daily. Orders exe¬
cuted direct at the San Francisco Stoek Excnange.
No.
Buy and sell
58
BROADWAY,
on commission all securities dealt in at
J. N. Ewell,
Alex. Maitland.
Member of N. Y. Stock Exchange.
Kimball, Howell & Co.,
CJH. Kimball, J.IP/Howell,
Co.,
Members N. Y. Stock
membership in N.
■Buy and
Sell
on
Y. Stock
Buy, Sell and Carry
Commission. for Cash,
or on
*
Buttrick 6c
BANKERS
Coleman Benedict & Co.
02
AND
BOND
BROKERS,
BROADWAY, NEW YORK.
Stocks, Railroad Bonds, Governments, and all Se¬
H. W.
51
Wm. F. Owens,
Geo. A. Mercer.
Member. N. Y. Stock Exchange.
Mercer,
BANKERS
AND COMMISSION STOCK BROKERS,
7 Exchange Court and 52 Broadway.
Interest allowed on deposits, to be drawn at will.
Also, Contracts made and carried in New York
Cotton and Produce Exchanges. We issue a Dally
Letter which will be sent on application.
BROKERS,
street, New York.
Rosenbaum,
Exchange Place,
BUYS AND SELLS
.
ALL CLASSES OF INVESTMENT AND MIS¬
DEALT
IN AT THE
NOT
ACTIVELY
NEW YORK STOCK
EX¬
CHANGE A SPECIALTY.
Correspondence solicited and information cheer¬
fully furnished.
Dodge, Potter & Co.,
COTTON
COMMISSION
34
PINE
MERCHANTS,
STREET,
Now York.
Hong Koi g 8c Shanghai
Banking
Corporation,
Office, Hong Kong.
Hong Kong, Canton, Amoy Foochow
Shanghai and Hankow, China.
Boston Agency.
)
J. MURRAY FOKBE8, V
30 Central Stbzzt. N
BANKERS,
New York Agency,
S. W. POMEROY Jz..
59 Wall St.. N.Y
MANCHESTER
Locomotive
New York.
General Banking Business, including
the purchase and sale of STOCKS and BONDS for
Locomotives
P. O. BOX 2,647.
H. J. morse.
Blakeslee,
STOCK
BROKER,
Amoskeag Steam
Engines,
MANCHESTER, N. H.
ARETAS
Wayland Trask.
AND
and
Fire
Buy and Sell Investment Securities.
Works,
MANUFACTURERS OF
a
Cash or on margin.
BOND
BLOOD,
Superintendent,
Vane heater.
N
u
W. G. MEANS,
T-«<wurer.
40 W>«.r street, Heaton
A. L. Pierce 6c
Co.,
Civil Engineers Ac Real Estate
Agents,
333 MAIN STREET (Hells Block).
YICKSBUBG, MISS.
HARTFORD, CONN.
Purchase, sale, entry and redemption of lands and
payment of taxes for non-residents attended to.
Information as to value and local advantage of
Special attention paid to Investment orders
f or
jgisceUaneoua Stocks and Bonds.
De¬
$4,009,309 47
on
Total amount of Marine Premiums No policies hs.ve been issued
upon.
Life Risks ; iior upon Fire, discon¬
„
1,848,697 36
$^858,006 83
nected with Marine, Risks
Premiums marked off from 1st Janu¬
ary, 1878,to 81st December, 1878....
Losses paid during ihe
same
period...;
4,186,024 93
$2,012,784 45
Returns of Premiums and
The
58
Company has the following assets, viz.:
United States and State of New York
Stock, City, Bank and other stocks. $10,066,758 00
Loans secured by Stocks, and other¬
wise
701,200 00
Real estate and claims due the Com¬
pany, estimated at
Premium Notes and Bills Receivable-'
Cash in Bank
619,03150
1,529,259 74
881,210 92
Total amount of
Assets$13,320,468 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
The
Outstanding Certificates of the issue
of 1875 will be redeemed and
thereof,
or
their
paid to the holders
legal representatives, on and after
Tuesday, the 4th of February next, from which date
all interest thereon will cease. The
certificates to
be produced at the time of
payment and cancelled.
A Dividend of
on
Thirty per cent, is de¬
the net earned premiums of the
Company,
ending 31st December, 1878, for which
on and after Tuesday, the
certificates will be issued
6th of May next
^
x
*By order of the Board,
y-
«
J. H.
Co.,
OF WALL STREET AND BROADWAY
B. F.
Risks,
CHAPMAN, Secretary#
▲GZKT,
S. W POMEROY Jz«. 59 Wall St.. N. Y
dG Co.
A M. Kidder.
Marine
Head
conanssioN
merchants
AND SHIP AGENT
Transact
on
January, 1873, to 31st
policies not marked off
1st January, 1878
for the year
Miscellaneous
Russell 6c
OOR.
Premiums
clared
BANKERS
AND
Premiums received
Tuesday, the 4th of February next, f
RAILROAD BONDS AND STOCKS.
CELLANEOUS SECURITIES
York, J^k ’lry 23, 1879.
Trustees, in conformity to the Charter of the
Company, submit the following Statement of its
affairs on the 31st
December, 1878:
The
Expenses...$859,960
Exchange
C. A. Buttrick, Member of the N.Y. 8tock Exch’ge,
Wm. Elliman, Member of the N. Y. MiningExch’ge.
Coleman Benedict,
Jas. McGovern, JKMember N. Y. Stock and Mining Exchanges.
Owens &
on Margins
BONDS, STOCKS and INVESTMENT SECURITIES
BOUGHT AN» -SOLD ON COMMISSION.
curities dealt in at the New York Stock Exchange f
bought and sold for investment or carried oh mar¬
gin, strictly on commission.
.
AND
No. 2 Nassau
ST.,
Elliman,
Securities, in lots to suit•
STOCK
Exchange,
A11 Securities dealt In at the
Exchange,
Margin, Stocks, Bonds, ana all Investment
N. P. Henderson,
68 BROADWAY AND 17 NEW
BROKERS
Exchange CoArt, New York.
4
Insurance Co.
cember, 1878.
the New York Stock Exchange or in this market
also Mining shares.
k. Dickinson,
Howard C. Dickinson
Members N: Y. Stock Exchange and N Y. Mining
Stock Exchange.
r
Mutual
from 1st
pt. att
IS years
ATL AN TIC
New
F. W. Perry.
Ewell &
Have been connected with mining since the dis¬
and
THE
SECURITIES,
WILLIAM
J. H. Latham.
Stocks, Railroad Bonds, Governments, and*all Se¬
curities dealt in at the N. Y. Stock Exchange, bought
and sold, either for investment or on margin.
BANKERS
OF
OTHER
INVESTMENT
BANKERS,
4S Exchange Place, New York.
R. <T. Kimball &
OFFICE
Louis, District of Columbia Bonds,
Dickinson Bro’s.,
N"o.
Co.,
BROKERS,
NEW YORK HOUSE:
BALTIMORE HOUSE:
43 New Street.
21 South Street.
H. H. Hollister,
H. H. Hollister,
Robert B. Holmes,
S. H. Dunan,
Members of New York Stock Exchange.
Accounts and Agency of Banks, Corporations,
firms and individuals received upon favorable terms.
Drafts
YORK
AND
Stocks, Governments and Miscellaneous Securities
bought and sold on commission.
52 William Street, New York,
Sterling exchange bought and sold.
Insurance.
H. H. Hollister &
Jesup, Paton & Co.,
Act
[VOL. XXX,
lands furnished.
Our field of operation embraces
the States of Louisiana and
Mississippi.
TRUSTEES!
J. D. Jones,
W. H. H. Moore,
Charles H. Russell,
Charles Dennis,
Lewis Curtis,
David Lane,
Francis Skiddy,
Gordon W. Burnham,
Wm. Sturgis,
Adolph Lemoyne,
William K Dodge,
Thomas F. Youngs,
John D. Hewlett
Charles P. Burdett,
Edmund W. Corlies,
Alexander V. Blake,
Charles H. Marshall,
Robert T. Stuart,
Frederick Chauncey,
William Bryce,
Peter V. King,
Horace K.
Thurber,
James
'
Low,
Joeiah O. Low,
Royal Phelps,
C. A. Hand,
William H. Webb,
Horace Gray,
John Elliott
Robert B. Mintura,
George W. Lane,
James G.
DeForest,
Charles D. Leverich,
William H. Fogg,
Thomas B. Coddlngton,
A. A Raven,
William Degroot,
Benjamin H. Field.
J D. JONES, President
CHARLES DENNIS, Vice-President,1
W. H. H. MOORE, 2d Vice-President
Jl A, RAVEN, 3d Yice-Prceidcnt.
^
@FedFRASER