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HUNT'S
MERCHANTS’
&
REPRESENTING THE INDUSTRIAL
VOL. 28.
The Tenceseee
Debt—Good Time
Pay it
Free Canale
accept the
CHRONICLE.
Imports and Exports forNovem
27
her, 1678
*.
Stability in France
The Social Problem
Earnings in
and for the Yeare 1878December,
and 1877.
27
28
29
Latest
29
English News
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are
To
drag
aware, as we have
repeatedly
the condition of these
States is
quickly is,
urged hereto¬
one
which, in
to
pay, and for that purpose to submit to
or
a
taxation
not
by convenience. Paying debts is not
easy, and the people must make
up their
minds not to
go
sacrifice
on
denouncing bondholders, but
something for the
to
sake of
getting out of debt.
This is the
expedient course, because the course
through
which to get relief. It increases
courage,
self-respect,
and energy; removes what
is
prosperity by ending
an
always an obstacle to
uncertainty, and commands
respect and confidence from the world outside.
,
FREE CANALS.
THE TENNESSEE
DEBT-—GOOD TIME TO PAY
IT.
The message of the Governor
The annual
report of the State
Auditor, just sub¬
mitted, upon the subject of the canals, shows that
the
of Tennessee
reports receipts for the fiscal year
the State debt as about
ending September £0, were
20J millions, besides about 4 mil¬
$98Q,651, of which $982,243 was from tolls;
lions of unpaid
expendi¬
coupons; the balance in the
as tures were $739,749,
treasury
leaving
as
$291,000, which is $78,000 more than the amount of
surplus revenue $248,-
levied for 1878. Under these
conditions of debt and
nue
the
Governorjearnestly
tax
reve.
and wisely insists that the most
economical settlement of the debt
would be to
pay it in
full, if demanded, as the people would thus
gain far more
in improved credit than the
payment would cost them.
But the creditors have
prepared a way for honorable
settlement at a lower
a
year ago,
rate,
offered to fund
assurances that the
great
902.
As
compared with the previous year, there is a
reduction of $64,710 in
revenue, which is more than
offset by one of
$310,581 in expenditures,
of
$245,871 in
net revenue,
leaving
The decline in
a
gain
receipts is
due to reduction in
rates, and not to any loss of
business,
and if the canal
year (which does not correspond with
the fiscal year, but covers the term
of
navigation) be
large body of them having, examined, the
1878
tonnage
for
is
at 50
5,170,822, against
cents, and having given 4,955,963 in
1877; and the tolls are $993,342,
against
body of bondholders would $880,895 in
1877, thus making a plain showing in favor
a
or
in the present
on
simulating poverty or of defiant unwilling¬
Moreover, there must be an evident determination
pleasant
A neat
ESP"* For
to reach this result
most
limited merely
Post Office Box 4592.
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ness.
lin^, each insertion.
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How
very peculiar degree, calls for the exercise of
forbear¬
ance; to stick for the letter of the
bond, under the cir¬
cumstances, regardless of the facts, would be
more
strict than wise or
equitable. On the other hand, it is
of equal
importance that the States do not take the
attitude of
Advertisements.
are
some of the
This is
debts should be taken out ofcertainly self-evident; these
the
category of suspense,
put upon some basis upon which
they will be met, so that
the States need not
remain longer without
any financial
a
7s.
or
but when definite orders
count is made.
No
paralysis for the time being of
Southern States.
fore, that
a written order, or
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We
ADVANCE:
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do
Subscriptions will be continued until ordered
a
standing.
Annual
at the
and progress
is
especially becomes every State
ready to share in the development
awaiting; and yet it seems almost idle to
it that it is
should be, the
only problem.
way is the worst of evils.
and
For One Year,
(including postage)
For Six Months
ao
to see to
enlarge
39
Financial Chronicle is issued on Satur¬
day morning, with the latest news
up to midnight of Friday.
TERMS OF
the acceptance of this proposi¬
At a mo¬
promise in the industrial
aspect of the country, it
38
...
same terms ;
NO. 707.
31
and
Corporation Finances
THE COMMERCIAL
TIMES.
45 I Dry Goods
Cotton
The Commercial
35
York Local Secnriiies
Investments, and State, City
1879.
31
34
Quotations of Stocks and Bonds.
New
OF THE UNITED
STATES.
tion the Governor
therefore strongly urges.
ment when there is so
much of
32
THE BANKERS’
GAZETTE.
Money Market,
Banks,
COMMERCIAL INTERESTS
ONTENT8.
THE
Railroad
gkwiepaire*,
AND
SATURDAY, JANUARY 11,
C
to
MAGAZINE.
458778811
28
of the
THE
(’HROJMICLE.
fVOL; XXVIII
reduction in rates,
which began in May, 1877. canals, besides maintaining themselves, shall pay
this
following comparison of results during the past six interest, pay $450,000 a year to the sinking fund against
fiscal years is extremely interesting:
the principal, and also
pay $200,000 a year towards gen¬
The
eral State expenses;
but the canals do not do this, because
they cannot; on the contrary, the deficiencies actually
1,902,990
1,925,995
2,751,538
met
1876....:
1,477,331
1,487,332
by taxation exceeded 9 millions during the four years
1,659,844
1,041,690
1,053,361
1,318,142 1873-76,
and although there was a surplus of nearly a
982,243
988,651
903,347
quarter of a million in 1878, which was applied to the
Expenditures here include not only ordinary but all sinking fund, it left the interest
unprovided for. It is
that went into that very extraordinary sink, “ extraor¬
therefore evident that the utmost which can
reasonably
dinary” repairs, and, in figuring the result, no account is be deemed
possible
for
the
future
is that the canals
taken in any way of the canal debt.
The contrast shall take care of themselves and
pay the interest,
between 1878 and the years previous to 1875, when Gov.
the principal to be met by taxation.
leaving
Tilden’s war on the canal ring began, is manifest and
The last instalment of principal falls due in
1893, and
gratifying, and the causes of it are both interesting and the Auditor, a
year ago, stated the, total interest and
instructive. The present Governor, in his message
a principal to be $15,950,909.
A tax of 5f mills on the
year ago, remarked that the canal itself had not for many
present valuation, distributed over sixteen years, would,
years been in so good a condition as it was then ; and yet, he
said, pay off the whole; a single tax of 3| mills would
he added, the administration during
1877 was under the pay the principal at fifteen
per cent premium; and an
old, cumbersome and expensive system, and it was the annual tax of one-third a mill
would ma'ntain free all
opinion of many well-informed persons “ that by plac¬ the canals which the Constitution
prohibits selling.
ing the administration under one responsible head who What shall be
? With the probability in
done,
then
will adopt a new system, cutting off all abuses, the canals
view that the State must pay for the construction of the
can be
successfully managed for one half the expenses canals, advocates of free cmals
urge that the State also
incurred during the past year.” On the 1st of
February, undertake the charge of their maintenance,
upon the
1878, by a unanimous vote, after rejecting two other
ground that the indirect results of such a step will be
nominees, the State Senate confirmed the appointment
advantageous—as it is generally conceded those of the
of Mr. Clark to the new office of
Superintendent of entire experience have been—and that the canals can¬
Public Works, and the canals came, for the first
time, not compete successfully for business without
removing
under the control of “one
responsible head.” For¬ all tolls. We cannot follow out the Auditor’s
argu¬
tunately for the promise of the experiment, the man ment, for
lack of space, nor is it necessary; that the
selected had proved himself by managing the
Sing canals are well worth preserving and
developing to the
Sing prison upon business principles. It was gen¬ utmost was never
plainer than it is now, but the expe¬
erally assumed that the problem was, how to get
diency of abandoning the old
along with an expenditure of $800*000 or less, the another matter. To us it seemspolicy outright is quite
best to simply follow
reduced rates having taken effect in May,
1877; it was the line of recommendation made
by Mr. Wells’
claimed by Mr. Clark’s friends that he could do the work
commission:—first, to make all haste to amend or repeal
for even half a million or less. How far he has succeeded
the constitutional limitation of expenditures in
any year
is shown by the Auditor’s
report, in which he gives the to the gross
receipts of the previous one, because under
expenditures for ordinary repairs for the four months, this a break in business could occur
which would not
from October 1, 1877, to
February 1, 1878, under the only injure the canal itself, but strike a fatal blow at its
Canal Commissioners, as
$279,296, while the new Super¬ subsequent business; next, to cut the
cloth* expenses,
intendent expended for the same purpose
$297,807 in the according to the pattern, receipts. This last has been
first eight months of his term
ending with the fiscal already done by Mr. Clark, and the favorable
change
year. In eight months he thus spent but $18,511 more seems to us a sufficient
warrant for trussing further to it
than his predecessors spent in
four; and although a simi¬ rather than trying so radical a
change as the abolition
lar division of the year into the two
periods is not made of tolls. Now that the canals have
done, comparatively,
with reference to the total
expenditures it is reasonable so well in 1878, why not
try further what an economical
to infer that expenses other than
repairs were reduced and business-like administration can do ? In
addition,
by the new system in a somewhat corresponding degree. some
project like that of a canal railroad—sketched by
We have sought to set forth the nature and visible
us in the
Chroxicle, March 2 last, page 2ul—or some
result of this change in system with
clearness, not only other one for getting more work out of the
canals, could
for its general interest as
relating to the entire subject be tried, for it should not be forgotten that little has
of the canals, but because it seems to us to have a
very been done in canal development, while the railroad has
direct and timely bearing upon the
project—pressed been greatly improved.
earnestly in Albany last winter and urged now at great
STABILITY IN FRANCE.
length by the State Auditor—of making the canals free
of tolls.
Tolls.
$2,921,721
As
a
direct business
All
receipts.
$2,947,972
investment,
All expendituresm
$3,842,892
even sup¬
"Not since the fall of the
empire has so much interest
posing that their construction had cost nothing, the centred in any election in France as in that which has
State, during the first forty years of the Erie Canal, just taken place. As far back as the 10th of October
obtained a surplus of about 41 millions from it
by its it was seen that a substantial republican victory had
operation, but sunk that surplus, and more, upon the been gained,. Marshal MacMahon
having signed the
other canals. The State,
therefore, up to 1S66, lost decree fixing the election for the 5th of January, and
directly about 7£ millions by entering into the canal not, as the reactionists would have had it, for the 8th of
business, and, although we have not at hand the com¬ March. It was the belief of the
reactionary party that
plete figures, it is safe to say that the canals have not time would work in their
favor, inasmuch as it might
been profitable directly as a business investment.
But give the republicans an
opportunity to commit some
there is a canal debt of 9
millions, requiring $540,822 a mistake—to make some blunder. ’ It was the conviction
year for interest. The Constitution requires that the cf the
lepublicans, on the other hand, that France was
Jastuaby
then with
11,1879.]
THE CHRONICLE
them, and they resolved, therefore, that the
election should be fixed for as
early a day as
The Marshal-President for a time hesitated
course
he should take.
he may maintain his
policy of caution and seek to win
the Clergy to his
way of thinking rather than force his
opinions upon them. It will
certainly not be well for
the cause of the
republic if Church and State should
come into violent
collision. Whether such difficulties
will arise, and how
possible.
as
Finally, however, much
to the
to the
disappointment of those who were in favor of a return
to some form of
monarchy, the President proclaimed
they will be settled, time alone
himself in favor of the 5th of
January. The result of
the election has justified the most
sanguine expectations
of the republicans.
life.
Senate, it is to be borne in mind, consists
members, of whom seventy-five are named for
The normal term of the other 225
was fixed for
nine years ; but the
prescribed renewal by thirds tri-ennially, required the retirement of seventy-five at the end
of three and of another
quota of seventy-five at the end
of six years.
The senatorial districts
were
alphabetical groups, and it fell
G to P to be retired in
1879.
government, accompanied
with free
institutions; and whatever be the form of gov¬
ernment under which she is
finally to settle down—whether
a
pure republic after the American
of qualified
monarchy with
or some sort
elective head—her friends
prosperity.
lot of the
group
Of this
group 56 were
growing
THE SOCIAL PROBLEM.
We gladly make room for the
following communica¬
tion in reference to our
editorial of last week
upon thi&
Chronicle:
In your
from their opponents at
least 20 more.
has been more than realized
; so that the
have now a decided
majority
model,
in all lands must wish her
continued peace and
conservatives, so-called, and 19 were republicans. It
the hope of the
republicans that they would be able subject:
not only to retain the seats
they already held, but to To the Editor of the
the Lower Chamber.
an
arranged into
to the
was
wrest
must
be allowed to tell.
Meanwhile, France is to be congrat¬
ulated on the success which has
attended her efforts to
establish a strong and stable
The French
of 300
29
kindly and generous notice (January 4) of
This hope on
my lecture
Social Problems, at
Cooper Institute, you fall into one or two
republicans errors, doubtless owing to the
imperfect reports of the dailyin the Senate as well as in papers, which it
“
may be worth while
in the
to correct.
You say, that
large funded debts of the world Mr. Godwin finds the
principal of the many causes which have
brought labor and
This result shows that the
experience of the last eight
capital into conflict.” You then go on
years lias had the effect of
weaning the French people, how
very properly to show
of all ranks and
classes, from their attachment to either to inadequate to the effect such a cause would be. I alluded
these
national debts simply as one of the
branch of the
incidental
Bourbons, as well as from the family of causes of great
those
periodical commercial and
The republican party have hitherto shown
monetary crises—
which, in my view, have more to do in
so much moderation
producing
social inequali¬
and good sense that
they
have also ties, derangements and discontents than any other causes. These
disarmed the jealousy of the
crises or convulsions occur almost
neighboring nations. To the or
regularly at Intervals of five
wise counsels of Gambetta the
six
republicans have taken who years, and sweep all before them, e xc* pt the very rich,,
heed ; and to the
profit by the wrecks. They originate in the
fidelity with which they have adhered organization
defective
of the banking
to his
system (in the excesses of loans
teaching, much of their success is due. When the beyond a
proper met »llic reserve, which stimulate an
Chambers meet on the 14th of the
exorbitant
present month, it will and disproportionate production, i. e. a
production
not carried
be
off by an equivalent
necessary in the altered relations of the
consumption), and areun every aspect (lisasparties to
reconstruct the
ministry. A new Cabinet will be formed; trous. That such is their origin I hope to prove when I shall
have time to elaborate the
and in this new Cabinet the
subject.
republicans will be supreme.
Aga'm, you say that my solu’ion of the Social
The President will have no choice
but rule in
problem is not
Bonaparte.
with the wishes of the two
Chambers.
sary for him to submit to a
resign.
conformity
It will be
neces¬
republican Cabinet
or
to
the
religious, or moral, or political solution, but the
solution, in which you are right; but
you are wrong in
economic
supposing
that I confound this economic
solution “ with co-operative enter¬
prises of various forms.” The
theory I endeavored to express
was this : that all
social and econo mic
phenomena are as much
subject to invariable laws as natural
France is therefore about to be
placed in the hands
of the
republicans; and it remains to be seen whether more
phenomena, though greatly
complex,
and
that
social
evils
will not be removed until
they will exhibit the same wisdom, caution, moderation
science has learned the sc ere* s of those
laws. Then, and not till
and good sense while in
power as they have while in then, shall we be able to
apply the remedies, or to so adjust
opposition. It would be van to imagine that there will our social arrangement as to obviate
the ill effec s of an
imper¬
be no difficulties connected
fect or false arrangement.
with the new state of
What the ultimate solutions of
thing*.
science will be I did not
Great and even radical
pretend to predict ; for no man as
changes are necessary before it knows
yet
can be said France
; but I suggested that as all social
has setiled down under a
progress hitherto con¬
definite sisted in the more and more
form of government. The
perfect association—or co-operation
present government can only of the various social forces—so I
presumed that future progress
be regarded as a sort of
compromise. France is not yet would exhibit a still more complete and
a
co-operation
republic. She is no longer an empire, but the shadow of those forces. I have, therefore, no doubtperfect
that the scientific
of the
solution will embrace,
empire remains. In a little while, all the
among other results, the broader application
offices,
of these
greater and smaller, will be filled
by men professedly of x2ad, the elements1st, the principle of mutual assurance ;
principle of real as opposed to factitious credit; and
republican principles. It remains to be seen
3d,
whether the principle of
co-operative consumption—of course, and
these men will rest contented with
always,
things as they are, or coupled with perfect freedom of production and
whether they will insist on the
definitive establishment Organization is not opposed to liberty, but is the exchange.
grouno and
of a government more
undisguisedly republican in char¬ condition of true liberty in social action.
acter and form.
I have the honor to be
In one
your obedient servant,
direction, at least, unless a
New Yoke, January 8, 1879.
PARKE GODWIN.
policy of caution is pursued, danger is to be dreaded—
we refer to the
Church. It is well known that Gambetta
RAILROAD EARNINGS IN
is dissatisfied with the
DECEMBER, AND
present relations sustained by the
FOR THE YEARS 1878 AND
Church to the State. His views on this
1877.
subject have
The reports of railroad
earnings for the month of
frequently been expressed, and quite recently with great December
compare well, as a rule, with the same
boldness. The question now arises whether he will
month
of
attempt
1877.
Even the
to enforce his
wheat-carrying roads of the
opinions and give them practical shape. Northwest
make a much better exhibit than
It is possible
daring the
that, for the good of the republican cause, autumn
months, and St* Paul shows, an increase in
30
I HF,
earnings of $46,548
;
CHRONICLE.
Northwestern, $107,570, and
Southern Minnesota a decrease of only $11,354. The
Canada roads are still conspicuous for a decline in
traffic, and next to these St. Louis & Iron Mountain
shows the largest decrease, but this is on
comparison
with one of the heaviest months the company
ever had
—December, 1877.
The three Pacific roads, Central,
Union and Kansas, all show an increase.
For the year 1878 railroad
earnings were, upon the
whole, exceedingly satisfactory.
The 21 roads in¬
cluded in the table below, on
gross earnings of
$97,732,592 in 1877, show an increase for 1878 of
$5,216,465, equal to about 5 1-3 per cent, and this
comparison is more favorable when it is remembered
ifc’i
>!
that the traffic of the last five months of 1877 was one
of the heaviest the railroads had ever known. In review¬
ing carefully the course of railroad businc^ during the
past two years, the important point above all others to
keep in sight, is the fact that in these two years the
principal crops of the country have been of enormous
volume, and not only has the actual transportation of
the grain and other products caused
large freights, but
there has been
[Vol. XXVIII,
GROSS EARNINGS IN
$336,833
Dakota Southern
Houston & Texas Central
Mobile & Ohio
Nashville Chatt. & St. Louis..
Paducah & Elizabethtown
23.686
..
r 1' t
in the estimate of Dec. 5. The Illinois Central Railroad
statement for the year will show a
gain in net traffic of
$408,000. The net income from the railway, with col¬
lection account, is said to be upwards of
$3,000,000.
GROSS EARNINGS IN
»
Chicago & Eastern Illinois
Chicago Milwaukee & St. P....
....
Chicaeo & Northwestern &c.
Clev. Mt.Ver.& Del.& brehs*
..
Dubuque & Sioux City
Grand Trunk of Canadat
Great Western of Canadat
1877.
$323,500
$246,778
124,676
129.551
1,433,000
1,354.832
316,799
57,338
669,920
359,248
63,329
716,468
1.114,500
1,OJ6,930
21,331
2!,753
67.633
•
•.
Indianapolis Bl. & Western....
International & Gt. Northern*
Kansas Pacific
Missouri Kansas & Texas
Sfc. L'uis Alt. & T.H. (br’chs).
St Louis Iron Mt. & South’n..
St. Lonis Kansas C. & No th..
Southern Minnesota..
Toledo Peona & Warsaw
Wabash
Union Pacific
Total
Net increase
Inc.
$76,722
83,1is
373,193
93,117
143,727
253,10/
25 5,021
41,420
526,304
258,635
472,110
279,905
Atlantic Mississippi & Ohio...
Cairo & St. Louis
St. Paul <fc Sioux
Sioux City & St.
City
Paul
GROSS
7,632
2,341
13,453
2 643
854,155
795,083
15,350
59,072
$8,090,104
$7,935,027
$483,317
$323,210
*
Three weeks only of December In each year,
t For the four weeks euded December 28.
t For the four weeks ended December 27.
Chicago & Alton
Chicago Mil. & St. Paul
Chicago & Northwest, &cl
Clev. Mt.Ver.&Del.&brehs*..
Dubuque & Sioux City
4,639,820
8 451,724
14,5*28,^53
373.83)
935,414
Grand Tninkt
Great Western}:
Indianap. Bloom. & Western..
International & Gt. Northern*
Kansas Pacific
Missouri Kansas & Texas
St. Louis Alt. & T. H. (br’chs).
St. Louis Iron Mt. & South’n
St. Louis Kansas C. & North..
Southern Minnesota
Toledo Peoria & Warsaw
Wabash
Union Pacific
..
Total..
Net increase
8,C62,32T
4,376,^24
1,260,917
1,571,661
3,729,606
2,981,679
502,807
4.518,236
3,317,816
642,963
1,243,959
5,024,105
12,725,879
1,209,6)3
1,503,028
3,291,519
3,174,320
517,978
4,590,422
3,R0,4?7
689.0S5
1,106.657
4,585.913
12,493,834
$102,949,057 $97,732,592
Dec.
498,357
351,666
56,253
309,141-
42,525
$
$38,714
14,492
8,877
53,059
104,016
1,586,145
219,498
1,164,850
--Jan. 1 to Nov. 30. ~
1878.
1877.
123,295
$161,333
121,757
$1,575,216
1,1)94,205
$1,613,930
1,178,985
$39,551
$431,011
$434,945
$129,491
laxes.
83,104
$138,935
$1,402,991
88,016
993,903
$1,120,327
$41,390
450,969
$404,033
$367,377
$399,378
2:2,357
$391,616
198,029
$4,330,572
2,435,042
$4,147,544
$177,021
$193,587
$1,895,530
$1,856,757
$23,636
7,698
$24,307
$200,231
$191,357
$15,988
$
Dakota Southern
Net
752,950
2,290,787
—
Gross earnings
Operating expenses
earnings..
104 443
$95,791
$......
Houston & Texas CentralGross
earnings
Operating
& taxes.
expenses
$403,133
147,137
$310,090
189,903
$260,946
$150,182
,
$
$....*..
$
s
df
$231,001
Expenses
Net
earnings
Kansas Pacific.—
Gross earnings
92.931
$132,353
86,9,9
$1,403,363
858,235
$1,361,300
978,107
$141,070
$95,449
$545,131
$383,193
$414,453
2'0,195
$364,188
$3,469,156
1S2.993
2,02/,770
$3,036,442
1,737,742
$194,263
$181,195
$1,441,336
$1,29?,70o
$156,994
83,934
$153,731
90.180
$1,432,129
970,785
$1,586,145
$73,010
$67,951
$511,314
$635,701
$317,167
203,979
$353,446
175,754
$2,695,752
1,890,211
$2,915,250
1,892,388
$111,183
$177,692
$805,511
$1,022,862
$535,411
3-3,777
$453,075
233,985
$4,046,123
2,326,640
$3,974,118
$211,634
$224,000
$1,719,486
$1,834,322
$61,831
40,709
$55,439
41,2)3
$602,301
$568,477
$21,122
$14,140
$164,425
$143,783
$33,458
29,339
$27,369
22,272
$326,503
274,295
$299,773
250,149
$4,149
$5,097
$52,213
$49,629
=
Oper. expenses, incl. taxes...
Net earnings
Philadelphia & ErieGross earnings
Operating expenses
950,414
St. Louis Iron Mt. & South.—
Gross earnings
Operat. and general
expenses(
Gross earnings
Operating expenses
earnings
Operating
expenses.
earnings
$15,46?
2,109,796
437,846
419,694
11,944
$10,793
8,836.
$: 53,259
118,521
$3,523
$1,957
$39,733
$27,250
$57,534
$67,415
29,373
$554,615
29,336
316,701
$493,357
Net earnings....
$27,711
$33,059
$207,911
$183,085
Sioux City & St. Paul—
Gross earnings
Operating expenses
$40,017
$49,251
$351,666
$399,141
expenses.
4,426
5*4*551
53,664
192,541
15,17!
17,814
167,339
46,122
St. Paul & Sioux CityGross earnings
Operating
expenses
Net earnings
......
earnings
Expenses, &c
$871,575
T In this statement, the proprietary roads are not included for the
period
prior to Jane 1.
The following companies have but
recently reported their earnings for
Noveifiber, and from January 1 to November «j0:
...
2j,648
$1.33,936
.
111,686
,
,
Net earnings..
Union Pacific.—*.
Gross
earn
Operating
ngs
expenses
Net earnings
♦
In these
.
.
.
'
315,272
246,439
211,834
$20,123
$28,603
$105,227
$97,307
$52,036
27,30/
$85,870
$587,341
$622,108
$24,792
$45,403
Southern MinnesotaGross
433,192
232,045
19,8S9
$1,237,310
425,783
$811,527
40,467
301,539
$235,752
856,646
'
$265,462
$1,171,810 $11,871,724 $11,698,751
425,115
4,733,190
4,958,347
$748,695
$7,133,534
$6,740,404
figures, the Missouri River bridge is included only for the
July, August, September aod November.
The following Ottober figures have but recently come to hand:
months of
Wi
%
§
i
H
1
I
l
$52,593
Net earnings
M
Decrease.
'
* Three
weeks only of December i& each year,
t From January 1 to December 23.
t From January 1 to December 27.
554,615
Net earnings
Operating
435,057
$6,088,040
5.216,465
13,092,338
$175,892
1,735,051
137*292
2,915,250
11,927,483
Increase.
1,675,833
%
H
30.
Burl. Cedar Rapids & North.—
Gross earnings
Net
336 830
51,284
66,633
9,234
216,166
191,357
t. L.& South’st.—Tei
Gross earnings
701,387
2.'5,477
4,435,588
9,861
p
$1,613,930
t. L. & Southeast.—I
Gross earnings
$1,251,742
277,786
iV,i*u
^ ^
201,674
200,234
1,617,774
1,482,129
2,695,752
Expenses, incl.extraordin’y,
Net
1 TO DECEMBER 31.
17,039,676
4,464,343
8,114,894
12,793,803
378,055
921,333
9,416,878
t
'
155,077
1,219.881
36,279
545,283
$1,575,216
Atlantic Mississippi & OhioGross earnings
54,194
*11.354
$2,679,105
1,737
5,' 527
49.251
1877.
m
.
EARNINGS, EXPENSES AND NET EARNINGS.
7,313
375.897
Atchison Topeka & Santa Fe.. S3.9 lb,847
Burlinet’n C. Rap.& Northern.
1,527.88?
Central Pacific
17,752,361
68,043
54,815
158,731
32,836
353,448
1,133,111
67,445
1878.
fl
621
310,090
252,766
-November.-
85,347
24 523
In'*.
*
The statement below gives the gross earnings,
operating expenses and net
earnings for the month of November, ana from January 1 to Nov. 30, of all
the roads that will furnish statements for publication:
133,339
66,976
1877.
$40,796
14,554
2,025
1877.
Philadelphia & Erie
Philadelphia & Reading
Gross earnings
93,687
1878.
$
1878.
Dakota Southern
Mobile & Ohio
Nashville Chatt. & St. Louis.
Net earnings
422
21,223
161,338
16,267
24,307
Nashville Chatt. & St. Louis-
55,622
83,014
360,547
GROSS EARNINGS FROM JANUARY
1,678,394
57,581
4),017
Increase. Decrease.
$377,629
GROSS EARNING8 FROM JANUARY 1 TO NOVEMBER
5,991
46,548
107.570
5,994
317,167
Expenses
42,419
75,315
776.965
643,626
287, 64 S
99,111
18 V 50
260,450
242,568
43,763
4,878
27,309
.
Dec.
$
408,133
307,581
156,994
Philadelphia & Erie
Philadelphia & Reading
St. Paul & Sioux City
Sioux City & St. Paul
DECEMBER.
1878.
Atchison Top* ka & Santa'Fe.
Burl. Cedar Rapids & Northern
Central Pacific.
Chicago & Alton.
175,892
18,292
Cairo & St. Louis
by
side, and from these strike an average of what a medium
year ought to yield.
The Chicago & Northwestern
having revised its
statement for six months
ending Dec. 1, 1878, the net
profits over all charges, including 3£ per cent on pre¬
ferred stock, are made $861,126, or $44,843 more than
1877.
Atlantic & Great Western.
Atlantic Mississippi & Ohio...
indirect influence in the stimulus
Operating exp’ses and
given to all business, the return freights to the West,
Net earnings
the increased settlement of western
lands, &c. To Chicago & A lton—
obtain a fair comparison of good and bad
Gross earnings
years in rail¬
Operating expenses
road business, we should take 1876 and 1878 side
an
NOVEMBER.
1878.
January
THE CHRONICLE
11, 1879. |
October.
#
1877.
$446,528
116,078
$342,822
129,643
$270,450
$213,182
‘
Net
earnings
October.
/
Grand Trunk of CanadaGross receipts
Working expenses
,—Jan. 1 to Oct. 31.--»
1878.
1877.
*
1878.
Atchison Topeka & Santa Fe.—
Gross earnings
Operating expenses..
,
UNITED STATES TREASURY
STATEMENT.
The following statement from the office of
the Treasurer for
$3,171,347 $2,097,249
1,567,902
1,048,609 January 2 was issued this week.
It is based
upon the
$1^603,445 "$T,048.640 actual returns from Assistant Treasurers, depositaries and super¬
July 1 to Oct. 8!.—* intendents of mints and assay offices. The delay in issuing it
arises from the time taken in
1878.
1877.
getting returns from distant
1878.
1877.
£183,413
124,459
£200,746
138,168
£622,774
462,657
£685,848
f 01,781
£53,954
£62,578
£159,917
£184,067
Net profits.
-Exports.—
Imports Dom’tic
Por’n
$
Alaska, A.T.
Al’mrle, NC.
Al’xdria,Va.
An’polis, Md
Ap’chcola, F
Aroost’k,Me
Customs
Districts.
$
Imports.
$
Mobile, Ala...
147,868
Montana, &c..
offices.
LIABILITIES, JANUARY 2.
IMPORTS AND EXPORTS FOR iVW.,1878.
Statement, by Customs Districts, showing the values of mer¬
chandise imported into, and exported
from, the United States
during the.month of November, 1878:
Customs
Districts.
Coin.
Fund for redemption of certificates of
deposit,
June 8, 1872
Post-office Department account
Disbursing officers’
-Exports.—
j
1 cur”.' (. 655,382 “
f
3,469,621 66
lat.on”
587,735
10,435,034 75
Five per cent redemption fundunited States notes
National bank
Bedford, Ms
104,563
$10,253,063 67 )
notes
13,922,428 00
3,659,359 33 J
Secretary’s special deposit account
Baltimore.. 1,547,025 4,837,196 6,569 Nburyport,Ms
Bangor, Me.
108
24,107
Nw Haven, Ct
83,254
10,539
B’stable, M’s
N London, Ct
Bath, Me.
N Orleans, La
915,3M 5,716,756 31,243
Beaufort,NC
£4,526
96
Newport, R.I.
1212.874
Beaufort, SC
New York,NY 23.815,959 28,078,770
93\9*I8
Belfast, Me.
296.669
Niagara, N.Y.
2,352 7,772
Boston, Ms.. 2,333,191 4,435,467 48,630 Norfolk, Va..
7|4!8 1,653,239
Brazos, Tex 122,297
69,834 56,386 Oregon, Or...
96
212.874
Bridget’nNJ
O’gatchie,
NY
80,225
39,856
Br’l&W’n RI
Oswego, NY.. 1,441,938
145,236 20,693
Brunsw’k Ga
..
25 25
Currency and minor coin redemption
'
Buff Crk,NY
Burl’ton, NJ
504,224
C Vinc’t, Nk
Castine, Me.
Chmpl’n,NY
Charlstn, SC
Ch’stone, Va
Chicago, Ill.
Corpus Chris
Cuyahoga, O
Delaware, D
Detroit, M’h
5,472 21
Interest account, Pacific Railroads and L. & P.
33,360 75
1,140 00
62,529 34
909,566 9 7
3,115 19
17,193 67
Canal
Company
Comptrol er of the Currency, ageat for creditors...
Treasurer United States, agent for paying interest
onD. C. bonds
720 00
*
Duluth, Min
Dunkirk NY
42,309
21,92}
6,783
204^524
119,024
“49
348*,380
Philadelphia..
189^620 386 Plymouth, Ms
40,761 11,261 Portland, Me..
41,451
Po’moutu, NH
Providence.RI
124*,050 2,436 Pt. Sound, WT
1,376,894
3,635*,984
Richmond, Va
6,809
PeDsacola, F.
P. Amboy, NJ.
Saco, Me
Kennebk,Me
Key West,F
Har, NJ
LE
186
21,974
42*,353
198*527
1,468
51,850
217,986
$10,000,000 00
7,047,451 28
17,047,401 28
*29
4*,428
Treasurer’s general accountinterest due and unpaid
Cal.ed bonds and interest
Coin certificates
$4,081,903 36
22,140,642 55
24,076,830 00
Balance, including bullion fund..174,976,664 93
225,276,040 84
46,534
37,013
St.John'8, F..
101,531
82,978
Miami, Ohio
Milwauk, W
fractional currency
Balance
Saluria, Tex..
San Diego, Cal
Sandusky, O.
S. Francisco,C 3,411,639
3,144,594 295,270
Savannah, Ga
107,705 5,180,958
S. Oregon, Or
38 St.Aug’tine.F
417*,6ib 2,592^248
Machias, Me
Mar’head, M
Mic’gan, Mh
M’town, Ct.
1,559,290 93
1,720 00
Special fund for redemption of
Harbor, NY
Salem, Maes..
Erie, Pa
Huron, Mich
376,336 70
S.
Fairfield, Ct
George’n,DC
George’n,S C
Glou’ter, Me
GtEHar, NJ
*i44
Petersburg,Va
BastDi8t,Md
Edgart’n,Ms
F.Riv. Mass
Fernandina.
F. Bay, Me.
Galvest’n, T
Genesee.NY
Treasurer’s transfer checks outstanding—
Gold
$376,241 22 t
Silver
95 48 f
Currency
.1,559,290 93
Fund for redemption of na'ioual bank gold notes..
Treasurer’s general account—
...
76,499
233,745 111,000
16,13? 4,438,953
28,805 18
account
Interest account
-
Pamlico, NC..
22,669 3,158 P del Norte, T
P’quoddy, Me
P. River, Miss
15,235,242 34
cur.,
“failed,” “in liquidation,” and “reducing circu-
Domestic For’u
%
$
5,210
8
34,700,000 00
2,080,146 65
Fund for redemption of notes of national banks
Nantucket,Ms
Newark, NJ..
Currency.
$
accounts—
Treasury offices
National banks
Natchez, Miss
N
31
St.Mark’s, F..
St.Mary’s, Ga
Stonington Ct
659,892 5,320 Superior,Micb
Tap’nock, Va
74,026
Teche, La.
Vermont, Vt.
Vicksb’g Miss
Wal’boro, Me
Willamette.O.
Min’sota, M.
146,849
90*,b78
569,876
2,646 1,309,146
....
*534
•
•
•
*
...
All other diets
156,924
238,146
4,018
The
following are the totals for the month of Novembar:
Imports...$38,102,823 I Domestic exports.$63,792,392 | Foreign
exp’ts.$l,429,238
Specie value of domestic exports, $63,663,030.
Comparative statement of
Coin.
Gold coin and bullion
S'an dard silver dollars
Silver coin and bullion
Gold certificates
Silver certificates
the
imports and exports of the
ended Nov. 30,1878, and for the
United Stat.es for the month
eleven months ended the same,
compared with like data
the corresponding periods of the year
Registered and unclaimed interest paid.
Month
of
Exports—Domestic
Foreign......
Total
imports
November.
•
16,697,338 00
7,491 00
391,420 00
2,0S2,770 00
1,720 00
78,736 36
1,466,692 42
4,102,802 50
10,371,165 64
6,703 36
41,996,346 67
• •.
“
*178,896*00
722,492 S8
11,208,962 08
59.582,505 38
10,000,0 fO 00
8,467,442 12
1,611,070 82
National bank notes
Silver coin received in lieu of currency
Fractional currency and 1 and 2 year notes,
&c
Nickels and minor coins
New York and San Francisco exchange
Interest on District of Columbia bonds
Speaker’s certificates, Forty-fifth Conpress
Redeemed certif’s of deposit, June 8, 1872
Pacific Railroad interest paid
78,567 55
1,393.536 06
146,500 00
151 47
213,927 82
1,510,000 00
820,950 00
for
$226,438,529 92
$95,942,491 98
January 2, 1879,
1878.
,
Merchandise.
to
$
13,860,195 55
U. S. bonds and interest
Deficits, unavailable funds
Deposits held by national bank depositaries
United States notes
U. S. notes (special fund for redemption of
fractional currency)
immediately preceding:
specie values .—Corrected
Currency.
$135,382,639 42
paid
333,234
Wilm’ton, NC
Wiscasset, Me
York, Me
176,700
ASSETS, JANUARY 2.
National ba-'k gold notes..
Fractional currency redeemed in silver....
Quarterly interest checks and coin coupons
..
72,332
$226,438,529 92 $95,942,491 9$
11 Mos.
ended
Nov. 39.,
,
1877.
,
Month
of
November.
*
11 Mos.
ended
Nov. 30.
$68,663,030 $656,971,324 $82,966,136 $538,477,901
1,429,298
12,715,217
1,501,554
11,539,813
$70,092,328 $66^,636,541 $64,467,690 $550,017,214
38,102,823 400,127,922 36,354,189 449,712,224
The Clydesdale Bank.—A letter sent to the shareholders
of the Clydesdale Bank, of
Glasgow,
Read man,
dent
Scotland, by Mr. Geo.
General Manager, shows the conservative and pru¬
manner
follows
-
in
which that bank is
managed.
We quote
as
:
“
It is not my duty to become the
apologist of other banka, but
I do not hesitate to state my firm conviction that
every bank
remaining in Scotland is perfectly sound. Of course I can
only speak decidedly as to this bank, and I can say with abso¬
lute certainty that not only is our capital of one million and the
the rest of five hundred thousand pounds
intact, but we have
the banking profits made since 1st
January last and other items,
now
Excess of imports over exports
Gold <k Silver (coin <fe bullion).
Exports—Domestic
Foreign
'
Toted
Imports
Excess of exports over imports
Excess of imports over exports
Total Merchandise and
Specie.
Expoits—Domestic
Foreign
;
$1,497,910 $18,619,296
550,013
6,783,358
$2,047,923 $2\402,654
1,365,955
^7,169,9t0
$681,968
$
.1,767,306
$1,197,733 $35,897,115
367,121
10,502,555
$1,564,854 $16,399,670
2,266,083
2 >,100,950
$
701,229
$24,298,720
$70,160,940 $675,590,620 $64,163,869 $574,375,016
1,979,311
19,498,575
1,868,675
22,041,868
such
as
rebate on bills discdanted and various
have not been in the habit of
credit balances
our yearly
and loss account, which in the aggregate amount to a very
sum indeed.’’ The letter says further that “We have no
which
we
profit
large
large accounts—probably not
including in
one of £100,000—that no indi¬
vidual director or officer of the bank owes it one
farthing, and
that all the accounts at head offices and branches have been
gone over by the directors und are believed to be undoubtedly
grood,
and that all bad and doubtful debts have been set aside
Total
$72,140,251 $695,0?9,195 $66,032,544 $596,416,884 and fully provided for.” The letter then also denies
Imports.....
explicitly
39,468,778 427,297,882
38,620,272 471,813,174 some absurd rumors of
unreasonable advances to single firms
Excess of exports over imports
$32,671,473 $ 67,791,313 $27,412,272 $124,603,710 and of loans on worthless securities, none of which has any foun¬
Excess of imports over exports
dation.
32
THE CHRONICLE.
lytonelavy! ©nmmcvjeiuX ^ugXtsR Heurs
supply of bullion of £514,262. The demand for money at the
heavy, the total of “ other securities” having been
augmented by £1,638,097. This raises the total to nearly £26,000,000, which is an increase of £8,000,000 over last year. The
circulation of notes and of bank post bills is now as much as
£32,592,023, or £5,000,000 to £6,000,000 above the average; but
the supply of gold is
large, being £26,509,238, against £24,092,265
in 1877.
It is satisfactory to notice that the directors of the
Bank of England observe the
present state of things apparently
without alarm.
The proportion of reserve to liabilities at the
Bank has been
RITES OP GVCHANGK AT LONDON AND ON LONDON
AT LATEST DATES.
EXCHANGE AT LONDON—
DECEMBER U).
EXCHANGE ON LONDON.
LATEST
ON—
TINE.
Amsterdam.
Amsterdam
..
...
short.
3 mos.
Antwerp
44
Hamburg
4 4
Paris
Paris
Vienna
Berlin
RATE.
short.
3 mos.
as
44
.Frankfort
44
St. Petersburg.
Cadiz
I/sbon
*»
44
..
Milan
90
3
days.
mos.
Genoa
«(
Naples
41
12.2* @12.334
12.534 @12.6X4
28.30
days.
•
Hong Kong...
Shanghai
•
•
.Alexandria
•
•
•
•
•
20.
19.
19.
18.
l>ec. 18.
Dec. 18.
•
—
our own
RATE.
12.05
....
0
short.
3
.
0
.
25.35
20.48
25.34
mos.
short.
3 mos.
short.
Bank has declined from 31*34
per cent to 28*63 per cent; but the
Bank rate remains at 5 per cent. A
117.00
20.48
20.48
«•
3 mos.
•
Dec.
Dec.
Dec.
Dec.
•
LFrom
•
20.
20.
20.
18.
Dec. 20.
Dec. 20..
Dec. 20.
Is. b %d.
Is. 6%d.
il
short.
Dec.
Dec.
Dec.
Dec.
....
60
Dec. 20.
Dec. 20.
Dec. 20.
Dec. 20.
@28.35
@46*
46
TIME.
....
25.60 @25.65
20.74 @20.79
25 31 yt
*25.42*
25.55 @25.60
12.15 @12.10
20.74 @20.79
20.74 @20.79
2 *@22 ys
46 @46*
51 *@51%
28.30 @28.35
28.30 @28.35
44
Madrid
New York
Bom Day
Calcutta
DATE.
certain to
27.45
44
60
6
days.
»•
Bank rate
4.83J4
Open-market rates:
30 and GOdays’ bills
is.
4i
3 mos.
7\d.
The
a
few
days, the present
9o*
will have terminated, and
we
feeling in their intensity the effects of our indifferent
^commerce during the
year, and of the recent bank and other
failures.
Trade is still bad
throughout the manufacturing
districts, and there are no indications of improvement. The
accounts from
Lancashire, Yorkshire, and other mining and
manufacturing centres, are of an extremely distressing character.
Wages are reduced to very narrow limits; the weather is severe;
and the necessity of a broad system of
relief is becoming daily
more apparent.
Without doubt, through the winter months the
families of the operative classes will have to be
freely assisted,
no reason
of
a
that
on
Thursday,
vious
carried out in all its
Treaty of Berlin is being
strictness, and with very precise punctuality;
the Russian government have announced their intention ot
with¬
drawing their mission to Cabul, and hopes are entertained that
before the spring arrives, and the
for a renewal
period
of active
operations returns, the Ameer will see the necessity of
comiDg
to terms with the British and Indian
governments.
ment of this country have made it
The govern¬
Dank post
bills
Public deposits.*
Other deposits
1877.
£
£
32,592,023
Reserve of
5,128,410
coin
9,186,873
...
;
I
There has been
no
desire both upon the part of the government and
the
people of this country that the missions of Russia and of England
in these semi-barbarous countries should
enjoy mutual
recogni¬
should not be impeded by
mutual recriminations.
is easy, and the p-dicy
excellent; and there are well grounded hopes that the year
1879
will witness a
satisfactory solution of a difficulty which has long
been regarded as serious. The
large majorities which the
tion, and that the
work
of
progress
The process
government have secured in the recent debates have
exerted a powerful influence; and
no
doubt
it is quite clear that the
British people are unwilling to see the
dignity of the Empire
in any way impaired.
At the same time, the English nation is
fully convinced of the saving that “ peace hath its victories not
less renowned than war;” and the distress which
prevails not
only in England, but also in most foreign countries, is alone
sufficient to inspire the hope that the consolidation
of an endur¬
ing peace will be the paramount desire of statesmen.
The Bank return published this week shows that
there is still
-a
great want of confidence in commercial and financial
circles.
-The note circulation has been
augmented by about one million
sterling, which is due to the fact that the English provincial
banks have been making provision
has been
against contingencies.
some
demand for coin for the provinces;
scarcely amounted
to
£250,000, there being
an
There
but it has
increase in the
15,934,203
17,033,627
13,652,5.9
12,677,715* 16,315,533
10,511,490
10,210,250
24,092,265
28,776,533
22,627,i 55
21,024,025
48*10
51*40
2 p. c.
3 p. c.
6 D. c.
92
45s. Id.
7 5-16d.
4 p. c.
94/,
51s. 7d.
6 7-t6d.
lOUd.
6,3 8,768
18,777,688
11, ,70,012
94
50s. 4d.
93*
46s. Id.
6 11—lHd.
ll^d.
6*d.
Is
our importations has been sent into the
Bank.
market has been very dull, and in the absence of
for India, the price of fine bars has declined to
The silver
an
49|d.
lowing
pi ices
circular:
of bullion
from Messrs. Pixley &
are
gold.
Bar
Bar
G^ld, fine
t
e.
per oz. standard;
per oz. standard.
Gold, reflnable
Spanish Doubloons
per oz.
per oz.
per oz.
peroz.
d.
8.
76
Quicksilver, £6 10s. Od. to £6 12s.
6d.
d.
...
....
....
....
....
3^@
d.
per oz. standard.
per«>z. standard.
peroz, lastp'ice.
peroz, none here.
Chilian Dollars
The fol¬
Abell's
77 9 @
77 10*@
73 9 @
73 9 @
76 3*@
silver.
5 grs. <Jold
inquiry
per ounce.
unsalable except at lower prices.
are
there is
a
27.427,109
Od.
U*d.
94,218,100 105.793,l00 93,764,000 102,714,4)00
demand for gold for export, and the whole
Bar Silver, fine
Bar Silver, containing
Mexican Dol ars
they desire is a rectification of the northwestern frontier
of India, so as to be able to guard
against surprises and to protect
the* frontier with a largely diminished force.
At the same time,
£
27,782,57?
of
Mexican dollars
1874.
£
7,785,933
23,6 <4,9^4
17,960.396
Coin and bullion in
both departments
26,509,238
Proper Ton of reserve
to liabilities.
28*63
Bank-rate
5 p. c.
Consols
English wheat,av.price 40s. lOd.
Mia. Upland cotton...
5d.
No. 40 mule twist.....
9*d.
Clearing House return. 97,535,UOO
1875.
£
26,122,235
6,587,949
11,224,116
12,879,615
17,665.874
20,3^5,803
13, 335 937
and.
notes
1876.
26,715,441
5.702,458
26,690,595
Government securities. 14,667,91)7
Oiher securiiies
25.934,951
utmost
that the
4*
4*'
1S78.
South American Doubloons.
United States Gold Coin
German gold coin
plain to all the world
Per cent.
4
4
years.
Circulation, including
very handsome casket, the
the situation, as
regards ;
The
under:
a statement
showing the present position of the
England, the Bank rate of discount, the price of Consols,
the average quotation for
English wheat, the price of middling
upland cotton, of No. 40 mule twist, fair second quality, and the
Bankers* Clearing House return, compared with the four
pre"
on
political affairs, was much more satisfactory, and that the whole
tendency was towards the consolidation of an enduring peace in
the whole of the Old World.
@6
!
Bank of
that, under such circumstances,
British benevolence will fail.
Fortunately, owing to the liberal
importations of food from the United States, living in the manu¬
facturing districts has become cheap, and this is obviously a
source of relief.
It is also a promising sign, if Lord Beaconsfield
be correct, that there is a better
political future before us. In
his address to the British residents in California
@5*
Annexed is
to believe
the occasion of the presentation
noble Lord said in substance
5
Joint-stock banks
Discount houses at call
Discount houses with 7 days’ notice
Discount houses with 14 days’ notice
are now
and there is
Per cent.
@5#
@5#
|
joint-stock banks and discount houses have raised their
deposits to the extent of
per cent.
They
are now as
correspondent-!
year
] Open-market rates:
rates of interest for
London, Saturday, December 21, 1878.
In
must necessarily be
time to come.
some
4 months’ bank bills
5
l
6 months’bank bills
5
@5* 1 -A and 6 months’ trade bills. 5
5
3 months’bills
3s. 7yad.
5s. 0\d.
44
Per cent.
5
27.45
Is 7 l.-lGd.
mos
stringent money market is
during the few remaining days of the
feature
a
The rates for money are now as follows:
27.45
6 4
be
year ; but the existing want of confidence
prejudicial to our mercantile interests for
23%
*•
short.
fvo*.. xxvm.
d.
49*@
49%@
49*@
...,@
....
....
....
....
D scount, 3 per cent.
There has
again been no allotment of bills on India. £300,000
week, but tenders are not bring entertained
for arrears undisposed of.
The following are the current rates
of discount at the leading cities abroad :
will be offered next
Piris
Brussels
Amsterdam..**.
Rerlin
Hamburg
Bank
Open
rate,
mark’t.
p. c.
3
4
4
4l/£
4*
Frankfort
4*
Leipzig
4*
Genoa....
Geneva
The
4
4
p. c.
I
Bank
|
rate,
|
p. c.
2%@2% 1 St. Petersburg
3yt
I Vienna and Trieste...
4
| Madrid.Cadiz and
3*@3K I
3*
|
New York
3*@3% I Calcutta
Copenhagen
4
4
1
bank failures which have
depressing effect
Bar-
celona
Lisbon and Oporto....
Open
mark’t.
p. c-
6
5
4# 4*@!2£
6
5
6
@7
@8
4*@6
-
5
5
4@4* 4
....
@4#
occurred of late have had
a
the stock markets, and prices, especially as
regards British railway and bank shares, are decidedly weaker.
The call which the liquidators of the
City of Glasgow Bank have
made upon the proprietary has obviously necessitated some
sales
of stock of various descriptions, and it is
fully to those operations
that the reduction in prices must be attributed.
The down¬
ward movement is also assisted by the action of the banks in
calling in their loans. The foreign market, except as regards
Turkish and Egyptian stocks, has been
comparatively steady.
upon
January 11,'2873
J
THE CHRONICLE
United States funded five per cents,
owing to the favorable finan¬
cial news received, have been firm
; but the market for rail¬
road bonds has
Annexed
are
The public sales of colonial wool
were brought
to a close on
Tuesday.
The quantity catalogued comprised:
Sydney and
Queensland, 35,305 bales; Victoria, 39,207; South
participated in the general quietness.
the closiug prices of Consols and
the principal
10,609
American securities:
Consols
United States 6*
Do
5-20s
Do
1857, 8s
Do
funded, 58
Do
10-408,58
Do
funded, 4%s
Do
4s
Louisiana Levee, 8s
Do
6s
Cape
Redm.
94
138!
103
1885
101
1887
*......1881
1904
104
;
Do
58
5s
5s
1888
1894
1900
1889
1891
1885
5s
Virginia stock
Do
Do
5a.....
5s
6s
New funded fis.*..
1905
.
@ 94%
@109
@103
@103
55
large, there being more from France than usual at this
of the year;
biddings, however, were made with extreme
caution, especially by the home trade, and
prices of Australian
merino qualities,
compared to last October closing rates, declined
Id. to
season
l^d.
Do
Do
Atlantic
to
1906
..1902
1902
1902
clothing and crossbreds, the home trade, affected not
in monetary
circles, but also by frequent
failures in
manufacturing districts, continuing their cautious
policy, when, with an increased attendance and
chiefly on accountof the spirited
foreign competition, a firmer and more regular
@ 57
1st mort. Trustees’ certificates
2d
3d
do
do
95
23
8
4
24
9
4
31
3t
8r
do
do
Mississippi & Ohio, Con. mort., 7s
1905
Committee of Bondholders’ ctfs
Potomac (Main Line) 1st mort, 6s
1911
do
(Tunnel) 1st mortgage, 0s. (guar,
by
Pennsylvania & No. Cent. Railways)
1911
Burl. Cedar Rap. & No. RR. of
Iowa, 1st mort
do
Baltimore
&
...
90
74
Cannda Southern 1st mort. new
issue, guaranteed for 20 years
.from 1878 l y N. Y. Central
1903
Central of New
Jersey shares
Do
Do
cons. mort.. 7s
inc
bonds
California, 1st mort., 6s
Do Califor.& Oregon Oiv.lst
mort.gld.bds,6s
Do Land grant bonds, 6s
Chicago Burl.& Quincy sinking fund bonds, 5s
Del. & Hud. Can. mo^
tgage bonds, 7s
Detroit & Milwaukee 1st
mortgage, 7s
Do
2d
me
Brie $100 shares
Do reconstruction
trustees’ assessin’t,
Do
do
do
Do preference, 7s
Do reconstruction trustees’
assessm’t,
-Do
ro
Do convertible gold
bonds, 7s
Do reconstruction trustees’
1896
1892
..1890
1875
1875
..
.
40
@ 50
40
@ 50
1904
64
89
79
1911
101
93
...
AMERICAN STERLING- BONDS.,
96
15
20
20
106
106
105
87
30
1C 6
R’y
Cairo &
6s
6s
1895
1902
.!
1910
1927
1909
1903
1902
1913
1906
1875
1920
5s, 1377
Vincennes,
7s
Chicago & Alton sterling consol,
mort., 6s
Chicago & Paducah 1st mort.
gold bonds, 7s
Cleveland, Columbus, Cin. & Ind. con.
mort
Eastern Railway of
Massachusetts, 6a
Erie convertible bonds,
6s
Do. 1st cons, mort., 7s
Do. ex recons, trustees’
certificates of 6 coups
Do. with reconstruction
trustees’ certificates of 6
coupons,
funded....
Do. 2d consol, mort. 7s
1894
Do. reconstruction trustees’
certificates
Illinois & St. Louis
Bridge 1st mort., 7s
1900
Do.
do.
2d mort., 7s
Illinois Central, sinking
fund, 5s
...1903
,
•
»
...»
Do.
68
5s
Missouri & Texas 1st
.w.
Do.
Illinois
.1895
1905
91
77
106
95
....
Perkiomen
•
Do.
con. mort. (June
^ 3 years fund
’73) guar, by Phil. & Read., 6s..1913
coupons (1st Dec. 1877 to Jan.
1880, both inclusive)
Ecr
P i88Ued for funded coup, ’77 to ’80
Fail. & Ene 1st mort.
(guar, by
Do.
with option to be Penn.RR.) 6s
paid in Phil., 6s.
Da
De.
1905
@117
@ 40
@ 31
@ 33
@105
@101
@ U
@!T0
@ 69
@109
@ 93
@
@ 42
@ 18
@ 30
@ 30
@108
@103
@107
@ 89
@ 35
@108
@ 94
@ 82
@ S7
@101
@104
@109
@ 88
@116
@ S6
@108
@ 2J
@111
98% @ 99 *4
...,@
.
.
™
mort.(gmir, by Penn. RR.)6s
..@ ...„
100 @101
.
1881
1920
as
ately good prices.
firm
The series closed with
1(0
@102
69
@ 91
proportion¬
full attendance and a
It is estimated that from
85,000 to
tone at current rates.
a
90,000 bales were taken for export, and 34,000 bales
including 18,000 bales withdrawn from catalogues.
for the first series of sales for the
new year are
Business in the wheat trade has been
held over,
are
The arrivals
18,278 bales.
greatly interrupted dur¬
ing the week, not only in London but also in the
country, by
prevailing dense fogs. It has been found to be difficult to dis¬
tinguish the quality of the produce; and the tone has remained
dull..
There has been
scarcely any variation in prices. Our importa¬
tions of wheat have been
only moderate; but the liberal supply
of produce afloat—about
1,500,000 quarters, and the large visible
supply in the United States, induce* millers to
buy chiefly from
hand to mouth. It is
said, however, that millers hold
good
stocks, the temptation to maintain them at a
satisfactory point
having been great during the last three months.
The sales of English wheat in the
150 principal markets of
England and Wales during the week ended Dec.
14, amounted
to 61,963
quarters, against 43,670 quarters last
year; and it is
estimated’ that
in
the
whole
Kingdom they
248,000
were
quarters, against 175,000 quarters in 1877. Since
harvest, the
sales in the 150
principal markets have been 899,591 quarters,
against 748,877 quarters; and it is computed that in the
whole
Kingdom they have been 3,598,400 quarters,
against 2,995,580
quarters in the corresponding period of last
Without
season.
reckoning the supplies furnished ex-granary, it is
estimated that
the following quantities of wheat and
flour have been placed:
upon the British markets since harvest:
Imports of wheat....
19,908 47*
2,3t3,274
11,899,831
1,919,34S
15,593,000
Exports of wheat and flour........
The
cwfc
2,235,121
~
Result
Aver, price of Eng. wheat for
1877.
cwt
16,170.574
Imports of flour
8ales of home-growu wheat
Total
1878.
CW’t#
1876.
12,980,000
33,998,697
33,202,253
712,838
712,236
33,2a5,809
34.490,0t7
4ls. 5d.
season
following figures show
54s. 7d.
1875.
20,640,332
1,993,151
14,541,250
/
13,132,100
23,360,429
415,763
35,765,583
82,927
27.944,666
35,682,656
47s. lid.
47s. 6 d.
the
imports and exports of cereal
produce into and from the United Kingdom since
harvest, viz.,
from the first of September to the
close of last week,
compared
with the
corresponding period in the three previous years:
IMPORTS.
1878.
'Yheat
1877.
Barley
Oats
Peas
Beans
Indian Corn
Flour
2,235,123
1876.
1875.
19,909,479
11,899,831
4,492,402
3 817,4-1
71090
8.412.011
4,556,599
3,777,559
557,810
1.519,177
12,721.339
2,313,274
1,919,348
1,993,151
401,286
7,431
44,482
76,319
1,424,344
....
20,640,832
3,580,422
3,399,300
455,607
1.162,361
6,580,382
EXPORTS.
\Yheat
Barley
...
gen.
nearly
during July-August, 1876, attributable to the enormous
stock and low
range of prices of home-grown wools.
Some
Adelaide and Port
Puillip flocks of the new clip, which we note
are of
deeper and sounder staple than the last, sold at
low
@103
f6 @ 67
74 @ 77
33 @ 38
99 @101
107 @109
97 @ 99
mortgage, 7s
1891
consol, mort., 6s, “A”
99
Louisville & Nashville, 6s
19o2
Memphis & Ohio 1st mort. 7s
1901 102
Milwaukee & St. Paul. 1st mort. 7s
New York & Canada
1902 107
R’way,
guar,
the
by
Delaware
&
Hud¬
son Canal, 6s
N. Y. Central & Hudson
..1904
85
River mort. bds., 6s
1903 114
Northern Central
Railway
consol,
mort., 6s.;...
19G4
Panama general
84
aria & Decatur mortgage, 7s
1897 106
1892
10
ennsylvania eeneral mort. 6s
1910 109
Do.
consol,
mort. 6s
@
@ 53
@ 1 *0
86% @ 87%
Lehigh Valley
sink’g fund
@ 65
@ 91
@ 81
@103
@101
..
38
.
Do.
Do.
Do.
@ 32
...
51
119
115
.
guar, by Penn. R’y Co....
1910
Atlantic & Gt. Western consol,
mort., Bischoff. certs, (a), 7S.1892
Atlantic & Gt. W. Re-organization
7s
1874
Do.
do.
leased lines rental trust, 7s...
1902
Dc.
do. do.
1873, 7s
1903
Do.
do.
Western exten., 6s
..1876
Do.
do.
do. 7s, guar, by Erie
....
@ 33
......
...
1st mort., 7s
Baltimore & Ohio, 6s
.
@
31
30
1890
35
Frankfort1 ommit’e Receipts, x
coup
29
Pennsylvania, $50 shares
32
Do.
1st mort., 0s.
J880 103
Do,
consol. eina’gfund mort. 0s
1905
99
Philadelphia & Reading $50 shares
12
Pittsburg Fort Wayne & Chicago
equipment bonds (guar, by
Pennsylvania R. R. Co.), 8a
108
Union Pacific, $100 shares
67
Union Pacific Railway, 1st
mortgage, 6’s
1898 107
Allegheny Valley,
@ 92
@ 76
18%@ 19%
$3 paid
$2 paid
1898
Lehigh Valley, consolidated mortgage, 6s gf
1923
Marietta & Cin. Railway, 1st
mort.,
guar., 7s
1891
Missouri Kansas & Texas, l*t
mort.,
New York Central & Hud. Riv. mort.guar, goldbds, Eng.,7s. 1904
b’ds, 7s
New York Central $100 shares
do
demand somewhat
improved, they never recovered the ultimate
decline of l|d. to 2d. per lb. for washed and
scoured respectively,
and Id. to l£d.
per lb. for greasy.
Quotations for these are
@
20% @ 21%
„
Galveston & Harrisburg, 1st certificates, 7s
Illinois Central, $100 shares mortgage, 6s
Do
Bonds. 6s, 1st M Chic. & Spr
Oregon & California,
evinced, and the best Australian
merino, scoured and
fleece, improved ^d. per lb., medium and
faulty Id. per lb., and
■ aow white
Capes -£i. to Id. per lb. Crossbreds, however, were
difficult to sell, and
although towards the close of the series the
89
...
$5 paid
$4 paid
tone was
6
26
11
6
33
33
as
1908
mortgage, 8s
97
25
10
74 @ 76
32 @ 34
72 @ 75
80 @ 85
48 @ 52
107 J4 @103%
96 @ 98
96 @ 93
91 @ 96
97 @ 99
1899
1903
.
adjustment bonds
Do
Central Pacific of
@
@
@
@
@
@
@
@
@
@
lb. for scoured, Id. per lb. for washed,
and £d.
only by the disasters
1,500, in¬
.
per
to
Id. per lb. for
greasy. Washed and scoured crossbreds were Id.
and greasy £d.
per lb. lower.
Snow white Capes also declined Id.,
per lb., and fleece and greasy -$d.
per lb.
For about a fortnight
the market remained
depressed and in buyers* favor, especially
for faulty
AMERICAN DOLLAR BONDS AND SHARES.
Albany & Susquehanna cons. mort. 7s, Nos. 501
clusive, guar, by Del. & Hud. Canal
Atlantic & Great Western l8t
M., $1,000, 7s
Do
2d mort., $1,000,7s
Do
3d mort., $1,000
Do
Islands, 1,503; total,
opening night the attendance of buyers
On the
was
10 i @103
42 @52
42 @ 52
103 @105
104 @106
107 @109
105 @107
101 @106
1C6 @108
25 @ 35
80 @35
1875
Australia,
Swan River, 414; Tasmania, 1,629
; New Zealand, 36,127;,
of Good Hope, 34,080; Falkland
;
164,874 bales.
lu8%@108%
109V4@110%
106%@l()fi%
1801
,1907
'Massachusetts 5s
Do
Do
Do
Do
Dec. 21.
'
38
Oats
Peas
Beans
Indian Corn
Flour
*
655,458
23,171
4',093
6,716
2,563
-
94,064
28,935
7.250
8,787
*
40,344
10,718
8,526
88,108
8,665
13,187
173,312
5,401
3,421
.
1LS83
14,477
6,608
9
34
THE
CHRONICLE
English market Reports—Per Cable.
[Vol. XXVIII.
Dec. 3D—Str. Grai Bismarck
The daily
closing quotations in the markets of London and
Liverpool for the past week, as reported by cable, are shown in
St. Thomas
Amer.
Amer.
.Amer.
Amer.
Dec. 30—Str. Acapulco... ..... Aspinwall
Jan. 2—Str. City of New York. ..Vera Cruz
the following summary:
Money and Stock Market.—The bullion in the Bank
England has increased £560,000 during the week.
Sat.
Jan. 4.
Mon.
Jan 6.
Silver, per oz
d. 49*
Console for money.. 95 5-16
“
account.. 95 7-16
110*
109*
107*
Pennsylvania....
Phila. &
49*
49*
95 5-16
95 9-16
95 11-16
104*
104
110*
109*
111
109*
107*
Reading
Thnr.
107*
23*
107*
22*
83
83
83
23
84
38*
.
Mon.
d
23 0
7 11
7 5
8 9
9 0
9 1
9 5*
22 6
21 9
sat.
Fl3ur(extraState).,..tfbbl.
d.
23 0
10) lb
7 11
s.
Wheat, spring,No.2
do
do
do
No. 3
“
winter W. new “
7
8
5
9
do
do
do
Southern,
“
9
0
Av. Cal. white.. “
Cal. clnb
“
9
9
1
new.
s.
5>
6
Com, mixed soft, old, # qr. 22
do prime, new
“
21
9
Tues.
s.
23
7
7
8
9
9
9
22
22
s.
23
7
7
8
9
9
9
22
5*
9
0
22
Thur.
d.
23 0
7 11
7 5
8 9
9 0
9 1
9 5*
22 9
22 0
9
0
Fri.
d.
8.
23 0
7 11
7 5
8 9
9 0
9 1
9 5«4
22 9
22 0
Liverpool Provisions Market.
Sat.
Mon.
d.
s.
s.
Pork, Western mesa..^ bbl. 40 0
Bacon, longcl’r, new.$ cwt. 23 0
Bacon, short cl’r,
“
24
0
Beef, prime mess, new.$ tc. 75
Lard, prime West... $ cwt. 30
Cheese, Amer. choice.
“
45
0
0
new
40
23
24
73
30
45
0
Tues.
d.
0
0
0
0
6
0
s.
40
23
24
73
30
45
Wed.
d.
0
s.
40
23
0
0
Q
24
73
6
0
45
30
Thur.
a. d.
40 0
d.
0
0
0
0
6
0
23
24
72
30
45
0
0
0
9
0
Fri.
d.
0
6
0
0
9
45 0
a.
40
23
24
72
30
London Petroleum Market.—
Sat.
d.
PetroPm, ref. $ gal. 9*- 9*
PetroPm, spirits “
Mon.
d.
Tues.
d.
Wed.
d.
d.
9*- 9*
9*-10
10
10*
-
-....
Thur.
11*-13
Fri.
Exports
and
the
amounted
Dry Goods
General merchandise...
Total for the week..
Previously reported.
In
our
$1,341,639
$1,209,833
6,186,933
4,019,826
$1,385,869
3,591,924
$7,528,539
$5,259,709
$4,977,793
$7,523,539
.
.
1872....
33,602
26,312
$5,259,709
$1,977,793
report of the dry goods trade will be found the
1876.
Previously reported
1877.
$3,981,539
$4,012,328
$3,931,539
1878.
Exchange, has prepared and issued in excellent
form a very complete set of tables,
showing what would be the
parity at any given price of wheat, &c., in the various markets of
the world.
Taking, for instance, the price of produce in New
York, he has computed the price in various currencies (sterling,
reichmarks, francs, florins, &c ,) laid down in the different foreign
markets (and vice versa), the usages and terms of such markets
being taken into the account in making the compilation. His
results, also, are so arranged that at a single glance the merchant
can
correctly translate foreign limits, or tell which is the best
a
sale of his produce in, or in other cases where
presume
he has the book
sale.
on
and
National Bank Notes.—From
Comptroller of the Currency, Hon. John Jay Kqox, we have
following statement of the currency movements and Treasury
U.S. Bonds held
as
'
security from Nat. B'ks.— Oct. 31.
$2,5*9,700
LegcU- Tender Notes —
Deposited in Treasury under act of June 20,
2,701,450
349,408,900
13,808,400
Miscellaneous
Currency held for
Total since Jan. 1..
$6,477,544
$4,429,575
following will show the exports of specie from the port of
New York for the week
ending Jan. 4, 1879, and also a com¬
parison of the total since Jan. 1, 1879, with the corresponding
totals for several
previous years:
J)ec. 31—Str. Acap llco
S.J.deGaatemala.Amer. gold coin..
Amer. silver coin.
Aspinwall
.
Jan. 4—S*.r. Od ?r
London
Southampton
Liverpool
_
,
n
Jan. 4—Str.
.
.
City of Berlin
Amer. gold coin..
Amer. silver bars.
Mex. silver dols..
Amer. s’lver bars
(cont’g $200 g’d)
V
Amer. silver bars.
For ail. (5 francs).
Total for the week ($131,941
3,527,152
572,827
$3,600
27
8,000
30,009
51,116
19,903
30,500
600
"Jl4yn3
”$132^16
silver, and $11,800. gold)
Total since Jan. 1, 1879 ($131,916 silver, and
$200 gold)
Same time In—
Same time in1878
$456,120 1871
1877
268.634 1870.
1876
678,043 1869
1875
2,216.121 1868
1874
853,453 1867
1873
1872
10.57L765
9,933,493
35,318,984
35,318,984
346»6S1,016 346,681,016
1,2.9,720
189,219
321,832,236
1,458,820
801,830
270,632
322,322,854
1,468,820
1,292,000
1,693,000
4,374,000
2,082,000
307,000
2,057,000
$8,341,000
$8,929,000
$8,431,000
227,666,227
223,564,756
1,711,246
4,669,826
224,865,477
4,515,550
.
10,000,000
35,516,350
10,000,000
36,236,420
10,000,000
24,076,830
The following is the statement of the Comptroller,
showing
the issue and retirement of national bank notes and
legal-tender
notes, under the Acts of June 20, 1874, and January 14, 1875, to
January 1, 1879:
National bank notes
passed
outstanding when Act of June 20, 1374,
14.1875
National bank notes redeemed and retired between
same dates
14, 1875, to date
...
same
1,192,534
National bank notes
dates.
same
7
outstanding at date..
...
Total
1,967,263
$351,861,450
$71,738,534
10,419,632
29,538,596
.
-
Greenbacks on deposit in the Treasury June 20, 1874, to retire
notes of insolvent and liquilating ba tks
Greenbacks deposited fc'om June 20,1874, to date, to retire na¬
tional bank notes
....
deposits
Circulation redeemed by Treasurer between same dates without
re-issue
Greenbacks
$
2,767,232
$S2.238,216
57,6)9,620
dates
$322,312,854
$3,813,375
81,313,997
$35,127,582
74,555,817
7,4
1,5
$4,734,500
National bank notes outstanding Jan. 14, 1875
National bank notes redeemed and retired from Jan.
Decrease from Jan. U, 1875, to date
11 L Q
$349,894,182
National bank notes increase from June 20, 1374, to Jan. 14, 1875.
1.662,310
$3,0 06
...
was
National bank notes issued from June 20, 1874, to Jan.
5.537,400
Dec. 30—Schr. Anita
gold
tional currency...
Coin and silver certificates outstanding....
Total redeemed and sarrendered
745,628 \ National bank notes issued between
j 1866
Amer.
693,050
331,009
$977,370
716,593
reported last week, in order to com¬
plete the total for that year. This makes a total of $12,400,834
for the year, of which $6,561,850 were
silver, and $5,839,034 gold.
The imports of specie at this
port have been as follows :
Dec. 30r- Str. Canima
Dec. 80—Str. Andes....
430,100
re¬
National bank notes surrendered between
The exports for Dec. 31,
given above, should be added to the
totai for the year 1873, as
Foreign gold
Amer. gold
349,795,000
13,883,400
demption of frac¬
The
T
Currency
Dec. 31.
$4,539,150
jb,266,150
349,068,000
13,937,300
2,100,000
,..
$4,429,575
Nov 30.
$3,225,000
2,838,900
5,172,000
383,000
Philadelphia......!
Treasury Movements.—
Balance in Treasnry-Coin
1879.
$6,477,544
Weber, of the New
Produce
Total
EXPORTS FROM NEW YORK FOR THE WEEK.
$4,012,323
20,908
15,590
Jan. 7;
w
58,970
1868
1874
442,790
Total now on deposit, including liquidating
1879.
banks
9,628,198
$1,276,819 1 Total and retired under act of Jan. 14,1875. 35,318,984
2,991,013 < Total amount of greenbacks outstanding.. 345,631,016
National Bank Circulation.—
$4,267,832 New circulation issued
1,037,810
Circulation retired
1,062,090
Total circulation outstanding—Currency... 320,991,795
$1,267,832
Gold
1,468,920
Notes
imports New York received for redemption from—
984,000
Boston
4,876,000
dry goods for one week later.
The following is a statement of the
exports (exclusive of specie)
from the port of New York to foreign
ports for the week ending
For the week
79,945
263.782
\
.
$45,702
1871
1870
1869
51,215
Bonds for circulation deposited
Bouds for circulation withdrawn
Total held for circulation
Bonds held as security for deposits.
1
1878.
...
Total since Jan. 1..
of
1877.
$188,847
balances for three months past:
$4,429,575, against
$5,782,673 last week and $7,269,771 the previous week. The
following are the imports at New York for week ending (for
dry goods) Jan. 2 and for the week ending (for general
merchandise) Jan. 3:
1876.
$220,713
Same time in—
U. S. Legal Tenders
to
FOREIGN IMPORTS AT NEW YORK FOR THE
WEEK.
466
6,146
$72,849 gold)
New York Export Tables.—Mr. Bernard
Y ork
the
the
imports were $4,267,832, against $5,564,356 the pre¬
ceding week and $4,393,395 two weeks previous. The exports
7
....
To the imports for the year 1878, as
reported last week, there
must be added the imports on December 39,
given above. We
thus find the total imports for the year to have been
$19,170,095,
of which $11,871,631 were silver, and $7,298,464
gold.
we
The total
for the week ended Jan.
397
purchase. We should suppose that this book would
be found to be very convenient and useful. Mr. Weber’s office is
with Messrs. Knoblauch & Lichenstein, 29 William street, where
11*-13*
Week.—The imports of
last week, compared with those of the
preceding week, show
an increase in
dry goods and a decrease in general merchandise.
for
28,255
10,250
it is best to
©jcrmmercial andl^tisoenaneotts Hews.
Imports
Foreign gold
Amer. silver
Amer. gold
$18,416
509,831
market to make
d.
4,029
($139,428 silver, and $49,419 gold)
1873.
s.
128,141
842
...
Foreign gold
Foreign gold
.Belize
.
..
d.
0
11
5
9
0
1
Cienfuegos
-2—Brig Tula
1878.
84
Wed.
d.
0
11
5
9
0
1
.
1877.,
1876
1875.,
1874
cotton.
on
Jan.
de Cuba ..Havana
Total since Tan. 1, 1879
Same time in—
12*
Liverpool Cotton Market.—See special report
Liverpool Breadstuff8 Market.—
Jan. 2—Str. Santiago
Jan. 2 -Gratitua
Total for the week ($147,884 silver, and
110*
109*
107*
22*
1,230
10,821
Gold bars
95*
!03%,
103*
110*
109*
107*
2,500
Amer. gold
4y*
95 11-16
95 11-16
95 11-16
95#
104*
110*
22*
Jan. 10.
49*
93 7-16
83
Fri.
Jan. 9.
49*
22*
33*4
...
Wed.
Jan. 8.
Jan. 7.
95 7-16
U.8.6s(5-20b) 1867....104*
0. 8.10-408
U. S. 5s of 1881
TJ. 8. 4*8 of 1891
Erie com stock
Hlinois Central
Toes.
$1,500
gold
silver
silver
Foreign silver
*
London
of
silver
on
deposit at date
Greenbacks retired under act of
Greenbacks outstanding at date
$10,571,765
January 14,1875
$35,318,984
$346,631,016
January 11,
1879.]
THE CHRONICLE.
3£Iue IkutkciV (Saartte.
No National Banks
SEVENTY-NINTH CALL FOR
$10,000,000, DUE APRIL 8, 1879.
Coupon Bonds.—$50, Nos. 18,001 to
24,000; $500, Nos. 16,001 to 22,000; 23,000; $100, Nos. 18,001 to
$1,000, Nos. 25,001 to 27,000.
Total, $6,000,000. q
Registered Bonds.—$50, Nos. 551 to
800; $100, Nos. 4,401 to 5,900;
$500, Nos. 2,851 to 3,900; $1,000, Nos.
11,001 to 13,500; $5,000,
Nos. 3,551 to 4,300;
$ 10,000, Nos. 2,801 to 3,500.
Total, $4,000,000.
Closing prices at the N. Y. Board have been as follows:
organized during the past week.
DIVIDENDS.
The following dividends have recently been
announced
Name
of
Per
Company.
:
When
Payable
Cent.
Books Closed.
3
2s.
Insurance.
Amftrfwn Fire
American Exchange Fire
:
.
10
6
5
5
5
3*
Howard
;
Knickerbocker Fire
Lamar
5
Lorillard
5
Mechanics’ & Traders’ Fire
N. Y. Equitable
Pacific ^ire
Peter Cooper Fire
10
10
,,
10
10
5
5
6
Relief Fire
Tradesmen’s Fire
The
'
5
5
5
5
Importers’ & Traders’
United S
Jan. 10.
On dem.
On dem.
On dem.
On dem.
On dem.
Jan. 16. Jan. 10 to Jan. 15
On dem.
On dem.
On dem.
On dem.
On dem.
Jan. 15. Jan. 11 to Jan. 14
On dem.
On dem.
On dem.
Jan. 11.
Jan. 10.
Jan. 13.
On dem.
Jan. 10.
On dem.
5
10
.
Citizens’
Commercial Fire
Clinton Fire
Firemen’s
Great Western
Globe Fire
Guardian Fire
Irving
On dem.
On dem.
Jan. 16. Jan. 7 to Jan. 16
Feb. 25. Feb. 3 to Feb. 9
3#
3#
ates Fire
Money Market
••••
FRIDAYi JAN. 10, 18T9-5
P. Ul.
and Financial
Situation—The finan¬
cial markets this
week, since the first breeze of novelty attend¬
ing specie payments has passed by, show decided
and
even
buoyancy, but only a moderate volume of strength
speculative
business. There is a tone of
greater confidence among business
men
generally, and a feeling that the present low prices of mer¬
chandise-many articles being lower than in 1860—form a good
basis
on
uncertainty
in
specie.
The last statement of the New York
City
issued January 4, showed an
increase of
above their 25
per cent
the
legal reserve, the whole of such
being $11,275,550, against $10,478,775 the
previous week.
The
following table shows
the
changes from the previous
comparison with the two preceding years.
1879.
Jan. 4.
Loans and dis.
Specie
Differ’nces fr’m
previous week.
1878.
Jan. 5.
excess
no
The range in
class of bonds
19.848,800 Inc.
.
Legal tenders.
272,100
206,173,000 Inc. 2,963,300
41,832,600 Inc. 1,065,500
United States
Bonds.—The rapid progress in the sales of 4
bonds by the
Treasury is the first conspicuous and
legitimate fruit of the resumption of
specie payments.
The
lesson is very brief—the
Government fulfils its promise to redeem
its notes in gold, and within
the first week
$40,000,000 of its 4 per cent bonds to its ownafterward sells
people. This
striking movement has changed the views of bankers
in regard
to the time within which all
the five-twenties
may be called in,
it is evident to all
parties that continued sales of 4 per cents
at
anything approaching the present rate will speedily redeem all
of the five-twenties.
The next bonds to be called would
be the
ten-forties, and a law for the purpose will
probably be passed. The
have run prin¬
1881 have too
SEVENTY-SEVENTH
Ooupon
CALL FOR
$10,000,000,jDUE
6s, 1881
cp.
6s, 5-20s,’65.cp.
6s, 5~20s,’67.cp.
6s, 5-20s,’68.cp.
58, 10-408... cp.
106% Jan.
102
104
SEVENTY-EIGHTH CALL FOR
$10,000,000, DUE APRIL 6, 1879.
Coupon Bonds— $50, Nos. 11,001 to 18,000; $100,
Nos. 11,001 to
18,000: $500, Nos. 11,001 to
16,000; $1,000, Nos. 13,001 to
Total,
$20,000.
$6,000,000.
Registered Bonds.—$5 0, Nos. 401 to
$100, Nos. 2,801 to 4,400
$500, Nos. 2.001 to 2,850; $1,000, 550;
Nos. 7,401 to 11,000;
Nos. 2,601 to 3,550‘;
$5,000
$ 10,000, No*. 2,001 to 2,800.
Total, $4,000,000
119% *11930
99%
99%
*99% "99%
119% 120%
106% Jan.
of each
Amount Jan. 1,1879.
Highest.
7
6
Jan.
6 102% Jan.
2
Jan.
9 104% Jan.
4
107% Jan. 10 108% Jan. 4
5s,fund.,’81.cp. 106% Jan. 3 107% Jan. 9
4%s, 1891 ..cp. 104% .Tan. 2 105% Jan. 9
4s, 1907
cp. 99% Jan.
3 99% Jan.
2
68, cur’ncy.reg.l 119% Jan. 4 120% Jan. 10
Registered.
Coupon.
$200,001,750
$82,734,600
18,205,650
117,622,550
7,879,900
192,991,450
16,209,500
21,255,800
144,280,800
50,285,500
253,175,500 255,264,850
164,715,750
136,369,700
85,284,250
62,330,300
64,623,512
securities in London for three weeks
past and
o oCiQO *- tfoSW
Jan.
3.
as
follows:
Range since Jan. 1,1879.
Jan.
10.
Lowest.
104% 103% 103% Jan.
110% 110% 110% Jan.
109% 109% 109% Jan.
107% 107% 107% Jan.
Highest.
9 104% Jan.
2 111
Jan.
2 109% Jan.
2
7
4
2 107% Jan. 10
strong and advancing.
Many bonds are
high ex-coupon for January as they did
just
was
as
Metropolitan (Elevated) Railway, just
the Board list, which started off at
97f, and closed at 98^.
Southern railroad bonds are also
very
The following securities were sold atstrong.
auction by Messrs. A. H.
on
*
Shares.
t>23 Cliatbam Nat. Bk.105
-g>106%
10 B’klyn Academy of
485 Fulton Nat. Bank.146%® 147%
Music,
with admission ticket... 65
284 Mechanics’ N. Bk.130 ®
127% 156 Pennsylvania Coal
46 Importers’ & Trad. N.
Co..-.140%
Bk.200%
Bonds.
330 Nat. Citizens’Bank.100%® 100
$12,600 Manchester A Keene
711 Nat. Mechanics’
Banking
RR. 1st mort. 6s;
$10,600
Association
58® 60%
of these bonds have cou¬
502 Tradesmens’N.
Bk.l01®103%
pons of July, ’76,
attached,
60 Mercantile Nat. Bank— 86
and $2,000 coups, of
5 Nat. Bank of Commeroe 117
Jan.,
’77,
attached
162 Bank of New York
13%
120%
5,000
St.
L.
Iron
Mt.& South.
97 Nat. Butchers’ & Dr. Bk.100
RR. (Ark. Br.) 1st
30 N. Y. Life Ins. & Tr. Co. .355
mortg.
7s, due 1895; int. June A
26 Relief Fire Insurance Co. 90
Dec.; with scrip certified
10 Commerce Fire Ins. Co... 72
of $105 attached to eaoh
39 Adriatic Fire Ins. Co
64%
bond, and % paid coups.;
50 Third Avenue RR.126%®
127%
Dec. 1, ’76, to Deo. 1,
20 Allentown Railroad ..for
*78,
$14
inclusive; $1,000 eaoh
90 Bank of Manhattan Com¬
81%
52,000 Paris A Danv. RR.
pany
130® 130%
1st mort. bonds, due
70 Long Island Fire Ins. Co. 153 "
1903;
Jan., 1875, coupons on
5
15 Park Fire Ins. Co
110%
20,000 Third Avenue RR. 7s,
500 Brooklyn City RR. Co... 150
registered, due ’90, $5,000
100 Manhattan Gaslight Co
155%
each
100%® 101%
50 Second Avenue RR
35
Pew No. 113 in
Calvary P. E.
25 Seoond Avenue RR....
31
Church, in the City of
2 Clinton Hall Assoc’n.
.41®40%
N. Y., subject to an an¬
25 Kings Co. Gaslight Co.
82
nual rental of $130 ..for
$100
...
...
..
..
Closing prices of leading State bonds
the range since Jan. 1, 1879, have been
Jan.
3.
4, 1879.
Bonds.—$50, Nos. 5,001 to
11,000; $5»o, Nos. 6,001 to 11,000; 11,000; $100, Nos. 5,001 to
$1,000, Nos. 6,001 to 13,000.
Total, $6,000,000.
Registered Bonds.—$50, Nos. 183 to
400; $100, Nos. 1,501 to 2,800;
$500, Nos. 1,051 to 2,000; $1,000, Nos.
3,701 to 7,400; $5,000, Nos.
1,151 to 2,600; $10,000, Nos.
1,001 to 2,000. Total,
$4,000,000.
99%
*9930
sale was made at the
Board.
Lowest.
SfATES.
APRIL
*99%
99%
.
five-twenty bonds (1867), January 6 the seventyeighth call, and January 8th the
seventy-ninth. The denomina- 1
tions and
numbers, inclusive, of each class of bonds are as
follows:
Jan.
10.
Shares.
per cent
short a time to run to be much in
favor.
The Treasury
Department issued January 4 the seventy-seventh
call for
1191-2 *119%
Range since Jan. 1,1879.
Muller & Sons:
25,207,500
38,370,500
19,787,100
15,503,400
201,981,500 220,783,600
34,612,000
35,283,200
heavy purchases caused by the calling in of bonds
cipally on the 4s, 4£ and 5 per cents. Sixes of
99%
99%
prices since Jan. 1, 1879, and the amount
outstanding Jan. 1, 1879, were as follows:
put
week
1877.
Jan. 6.
Jan.
9.
before interest
paid—or in other words have advanced 3 to
3£ per cent in ten days. Large sales
to-day were made of the
first mortgage bonds of the
excess
$234,250,000 Dec.$l,574,400 $239,256,400
$254,800,100
20,986,200 Inc.
472,100
..
Net deposits
& J.
,
This is the price bid;
already selling
Clearing-House banks,
$796,775 in
Jan.
8.
7.
Bonds.—Louisiana consols have been
among the most active State bonds, and sold down
to-day to 62f,
on a less
hopeful feeling as to the payment of interest. North
Carolinas have been
unusually active on reports that the State
authorities were going
to take hold of the debt question The
good tone of the Governor’s message in Tennessee has been
favor¬
able to the bonds here.
In railroad bo^ds there has been a
large and, well distributed
business at prices
The rate of discount remains at 5
per cent., although money in
the open market was 4
per cent.
The Bank of France lost
19,750,000 francs
Jan.
State and Railroad
weekly statement on
showed
gain of £560,000 in specie for the week, but itsThursday
reserve was
28£
per cent of liabilities, against 28 7-16
per cent the previous week.
Circulation
6s,cur’cy, ’95-99.reg.
*
99%
9930
.-Jan.
coup.
U. S. 6s, 5-20s, 1867
U. S. 5s, 10-40S
5s of 1381
4%s of 1891
a
a
48, 1907
Dec.
27.
as to
Jan.
6.
6s, 1881
reg. J. & J. *10630 10630 10630
106% *106% *106%
6s, 1881
coup. J. & J. *10630 10630
106% 10630 106% *106%
6s, 5-20s, 1867...reg. J. A J. *10218 *102
102
*101% *101% *102
68, 5-20s, 1867 .coup. J. & J. 10218 102
102
102
102
*102
6s, 5-208,1868...reg. J. & J. *1041$
6s, 5-20s, 1868 .coup. J. A J. 104% *104% *104% *104% *104 *104
104% 104% *104% 104
*104
58,10-40s
reg. M. & S. *10830 *10830 10830
*108% *108
5s, 10-40s
107%
coup. M. A 8. 1033a *1083@ 10830
108% *108
5s, fund., 1881...reg. Q.-Feb. 106
107%
*105% 106
106
*105% 106
5s, fund., 1881..coup. Q.-Feb.
*10710 107% 107% *107% 107%
4%s, 1891
*107%
reg. Q.-Mar. *105
105% *105% 105% *105% *105%
4%s,1891
coup. Q.-Mar. 105
*105
105%
105% 105% *105%
4s, 1907
.-Jan.
reg.
which
currency.
Jan.
4.
the range since Jan. 1,
1879, were
The money market has
worked very easily, and on call loans
the rates have been 2 to 4
per cent according to the collaterals.
The supply of prime commercial
paper offering for sale is quite
limited and prices are
quoted at 4@5| per cent according to the
time, from 60 days to four months.
The Bank of
England
and
Period,
Closing prices of
to build up a
healthy and prosperous trade in the
country, under the encouragement furnished
the resumption of
specie payments and the consequent removal by
of
the
Interest
(Days inclusive.)
Railroads.
Caniiftn A Burlington Co
Little Schuylkill Nav., RR. & Coal Co.
Mine Hill <fe Schulkill Haven
North Pennsylvania
35
Louisiana consols
Missouri 6s, ’89 or ’90.
North Carolina 6s, old
Tennessee 6s, old
Virginia 6s, consol
do
Dist. of
do
.•
2d series..
Columbia, 3-65s
Jan.
10.
68%
63
*x03% *104
*18% *19%
*36%
*74
*35
*37
for two weeks past, and
as
follows:
Range since Jan. 1,1879.
Lowest.
Highest.
62% Jan. 10
69
19
37
37
Jan.
Jan.
4
6
*74%
6
20% Jan.
Jan.
8
6
80% Jan.
9
*36
79%
80% 79% Jan. 3
This is the price bid; no sale was made at
the Board.
Railroad and Miscellaneous
*
Jan.
stock*.—The stock market
has had a
decidedly-strong
tone on a limited speculative business.
There is a general
feeling of confidence on all sides which sup¬
ports the market without any special clique
movements, and even
36
THE CHRONICLE.
the coal stocks, which ordinarily would be
depressed by the bad
outlook for the anthracite coal trade, have shared to some extent
in the general firmness, and have re acted
considerably from the
low prices made when the combination broke
Pacific Mail
up.
has declined on the unfavorable report made by the President as
to the finances of the
company, past and present; but no figures
furnished
as to
earnings, expenses or present details of
History repeats itself in the stock market by the renewal
of active speculation in Erie, and it seems more than
likely that
a large
quantity of the stock is destined to come back from Lon¬
don. Mr. Jewett has just issued a full
pamphlet report, which
confirms the figures published by us December 21, ult.
For the
four months, June 1 to September 30, the
report shows a surplus of
$828,546 over all charges for interest, rentals, &c.' The amount
were
assets.
received from assessments
Jewett estimates that,
the stock
$3,416,578, and Mr.
including this amount, the total sum
applicable to improvements will be about $6,000,000. Railroad
earnings for December and the year 1878 are given at length on
another page,
'ihe Milwaukee and St. Paul earnings for the
first week in January were $108,000,
against $115,548 in 1878.
The daily highest and lowest
prices have been as follows:
Monday
Saturday,
Jan. 4
Jan.
Canada South
Oniral of N..J.
Chic. & Alton.
pref.
7* 7A
C. R. I. & Pac..
Cler.C. O. & ».
Clev.& P.,guar
Col. Ch. <fe I.C.
Del.& H. Canal
Del. Lack. & w
Erie
do
34%
79^.
111% 111%
34% 35%
75
75%
50 % 51%
Chic. & North.
.
77^
119% 119%
»■« 35%
85% 86%
5%
5%
43*
13%
1314
3414
341*
SOM
81%
80
prices bid
07
75
75%
0%
70
80
51
23
81
81%
68
*9
67
7- %
13k
13%
13%
34%
34
34
82
10-r
8’% 81%
*9
0~%
77%
*123%
101% 101% 1^1%
102% 10>'d
*02% 103
do
do
pref.
Cliioago & North w...
do
do pref.
Chic. Rock Isl. & Pac.
Clev. Col. Cin. & Ind
Clev. & Pittsb., guar.
-
Illinois Central
Kansas Pacific
Lake Shore
Paoittc Mail
Panama
Pitts. Ft. W. & Chic..
St. L. I. Mt. & South
St. L. K. C. & North,
21
I
21
94% 91%
asked;
no
95
sale
was
Lowest.
45*4 Jan.
33% Jan.
79% Jan.
do
1,575
1,360
pref.
Sutro Tunnel
,Union Pacific
Wabash
Western Union Tel...
12.175
7,320
2,140
2,000
5,350
27,795
Total sales of the week in
-
Jan.
4
6....
—
“
1....
8....
“
“
.10....
St.
Paul.
St. Paul
pref.
17,575
8,200
11,370
10,250
4.550
9,550
6;02o
15,820
2,270
4,135
10,475
10,920
Jan.
Jan.
34
80
Jan.
Jan.
20%
21
95
95%
Range for
1878.
Low.
47*4 Jan.
8
35
3
9
9
2
2
Jan.
80*4 Jan.
112% Jan.
37% Jan.
77% Jan.
51% Jan.
4
0«%
in prices for 1878 and
Highest.
3
2
2
2
4
06%
made at the Board.
Range since Jan. 1, 1879.
2,605 Ill
Jan.
3438 Jan.
70,590
40,550
74% Jan.
84,000
4958 Jan.
85,125
767a Jan.
Jan.
3,092 119
4,937
34% Jan.
14,383
84% Jan.
5
o,3HO
Jan.
7,446
3
9
3
79
Jan.
9
8 120*4 Jan.
2
2
36% Jan.
4
2
89*4 Jan. 10
4
6
Jail.
2
2
40% Jan. 2
2 45*4 Jan.
3
4 .23
Jan.
2
2
38 .Jan.
2
4
13% Jan. 2
10
34% Jan. 2
2 82*2 Jan.
9
38
13*2
66%
High.
45*2
45*4
85
99*4 114%
27*2 5478
64
32*2
84%
55*4
79*2
59%
98% 122
23
38*4
63*2 85 "
2*8
6%
34% 5978
41
61 %
7% 22*2
21*2 38
10
1678
21% 41%
72% 87
1 O A,
4
67
Jan.
6
69*8 Jan. 2 55 7e 71%
73% Jan.
2
77% Jan. 9 58*2 75 ~
5% Jan.
4
6%i Jan.
6
2
7*8
75% Jan.
3
7634 Jail. 10 67% 89
112% Jan. 7 114*8 Jan. 0 103% 115
7% Jan. 4
8*4 Jan.
2
6% 11*4
11*4 Jan. 10 1378 Jan.
2
12*2 23 7e
123
Jan.
2 125
Jan.
9 112
131
101
Jan.
4 102*2 Jan.
8
85
102
13
Jan.
2
17*8 Jau. 7 , 5
15%
7
Jan.
2
7% Jan. •9
3*2
7%
25% Jan.
2
29*4 Jan. 10 19
2 6*2
2% Jan. 10
4 % Jan.
3
5
3*2
65
Jan.
9
67*8 Jan.
3
61*4 73
20% Jan. 8 22*8 Jan. 2 12*8 23
78
94% Jan.
7
96*2 Jan. 2 75*4 102 “
leading stocks
were as
follows:
North¬ N’rtliw. Del. L.
west.
& West.
pref.
Erie.
21,100
15,150
11.400
23,415
28,500
27,480
17.400
13,550
5,400
7,000
6,825
23,840
9,250
24,010
14,200
35,410
29,980
30,000
15,920
15,089
37,499
Lake
Shore.
16,750
13,760
12,800
18,775
5,710
7,580
14,225
16,000
9,250
..
—
last line for the purpose
vutomnumg is given in me
of comparison.
The latest railroad
earnings and the totals from Jan. 1 to latest
dates are given below.
The statement
includes the gross earn¬
ings of all railroads from which returns ca,n be obtained. The
columns under the heading “ Jan. 1 to latest date”
furnish the
@
..
Fine gold bars—
669,920 8,451,724 8,114.894
1,006,930 14,528,653 12,793,602
6,859
24,307
80,083
75,315
167,019
96,446
373,630
200,234
1,033,048
935,444
378,056
191,357
700,239
921,333
8,862,327
9,416,87&
4,435,588
4,376,924
Dimes & *2 dimes.
Silver *43 and *23Five francs
Mexican dollars..
—
—
97%@
98*2®
—
98*2
—
99
92 @ — 94
84 @ — 85
English silver
4 75 @ 4 80
Prus. silv. thalers. — 68 @ — 70
Trade dollars
—
98 @—99
New silver dollars — 9934@ — par.
—
—
....
108*2
par.@*8prem.
Exchange.—Foreign exchange has been rather firmer,
as
there is some demand from the importers of United States bonds.
The smaller receipts of cotton and impediments to an active
movement in consequence of the severe weather, also tend to de¬
crease the supply of commercial bills.
Leading drawers ad¬
vanced their asking prices to-day to 4.84 for sixty days’
sterling
and 4.88 for demand, and actual transactions were made about
^ point lower.
...
In domestic bills the following were rates
York at the undermentioned cities to-day:
of exchange on New
Savannah, buying,
£ offered, selling, par@£ premium; Charleston, buying 3-16@£
discount, selling £@par; New Orleans, commercial, £@5-16
bank, £; St. Louis, 50c. premium; Chicago, firm, buying, 1-10
discount, selling 1-10 premium ; and Boston, 2s. premium.
Quotations for foreign exchange are as follows:
Jan. 10.
60
Prime bankers’ sterling bids on London.
Good bankers’ and prime commercial...
Good commercial
Documentary commercial
Paris (francs)
Antwerp (francs)
Swiss (francs)
Amsterdam
4.81
Bostou
*
(guilders)
94*4®
94%®
94*4®
94% @
days.
4.8734@4.88
4.86% @4.87*4
4.85*2^4.86*3
@4.82
39 78®
4.85
5.20
5.20
5.20
@4.86
@5.18*«
@5.18*8
@5.18*6
40*8® 40*4
95 @ 95*4
95 @ 95*4
95 @ 95*4
95 @ 95*4
40
94*2
94*2
94%
94*2
Hank*.—The
following are the totals of the Boston
series of weeks past:
Loans.
Specie. L. Tenders. Deposits. Circulation. Agg. Clear
a
1878.
Oct. 21.
Oct. 28.
Nov. 4.
Nov. 11.
Nov. 18.
Nov. 25.
Dec. 2.
Dec.
9.
Dec. 16.
Dec. 23.
Dec. 30.
1879.
126,876,100
126,'.25,200
126,512,400
127,202,900
12H,472,600
126,b98,-00
127,370,300
127.483,800
128,689,700
2.659.900
7,296,300
130,098,300
2,851,300
Jan.
133,220,GOO
3,851,900
6.
3
5.23*8@5.20%
5.23*8®5.20%
5.2318@5.2058
Berlin (reichmarks)
banks for
days.
4.83*4^4.84
4.82%@4.83*4
4.81 *2@4.82*2
Hamburg (reichmarks)
Frankfort (reichmarks)
Bremen (reichmarks)
•
Total.
70,590 40,550 84,000 85,125
Whole stock. 154.042 122.794 149.888 215,256 163,898 119,725 74,520
524,000 7.62,000 494,665
—
@ 4 00
...
21%
95%
905
20
3 90
....
2n
6,429
179
4 80
’f5%
ana
3/200
9,410
@
05
95%
7,025
10,285
1,575
4 74
0,% 05%
21%
33,721
X X Reichmarks.
X Guilders
@16 00
74.520
Missouri Kan. & lex
Morris & Essex
N.Y. Cent. & Hud. R.
Ohio & Mississippi...
3 88
@15 65
8,130
Michigan Central
@
Mex. Doubloons.. 15 50
Fine silver bars
108
21% Jan.
37% Jan.
13*4 Jan.
pref.
3 83
Span’ll Doubloons. 15 70
600
do
@$4 88
Napoleons
7%
28% 29%
2%
2%
119,725
do
$4 83
Sovereigns...
15%
3
4,464.343
,
7%
2S*
3
4,689,820
340,090
474,012 4,934,305 4,814,922
144,880 1,350,764 1,378,440
Indianap. Bl.&W.December.
93,117 1,260,947 1,209,663
Int. & Gt. North.. 3d wk Dec.
50,489 1,571,617 1.505,028
Kansas Pacific.. .December.
258,107 3,729,606 3.294,549
Mo. Kans. & Tex .December.
256,021 2,981.679 3,174,320
Mobile & Ohio.. November.
307,581
252,766 1,617,774 1,675,833
Nashv. Ch.& St.L.November.
156,994 158,731 1,482,129 1,586,145
Pad.&Elizabetht.2d wk Dec.
5,905
7,778
Pad. & Memphis..2d wk Nov.
4,647
4,094
158,120
159,897
Pliila. & Erie
November. 317,167
353,446 2,695,752 2,915,250
Phila. & Reading.November. 1,678,394 1,133,111 11,927,488 13,092,338
St.L.A.&T.H. (brs)December.
48,763
502,807
41,420
517,978
St. L. Iron Mt. & S.December.
526,304 4,518,236 4,500,422
472,110
St. L. K. C. & No. .December.
279.905
258,685 3,317,816 3,150,477
St. L. & S.E.(St.L.)2d wk Dec.
12,921
9,272
628,537
592,406
do
(Ken.).2dwk Dec.
7,169
7,288
341,429
316,047
do
3,523
(Tcnn.).2d wk Dec.
2,983
165,503
145,442
St. Paul & S. City.November.
57,584
67,445
554.615
498,357
Scioto Valley
November.
27,509
13,855
260,216
v.
Sioux City <fc St. P.November.
49.251
40,017
351,666
309,141
Southern Minn...December.
55,622
66,976
642,963
689,085
Tol. Peoria <fc War.December.
90,687 1,243,959 1,106,667
88,044
Union Pacific
December.
854,155
795,083 12,725,879 12,493,834
Wabash
December.
360,547
375,897 5,024,105 4.585,913
*
The figures in the last two columns do not embrace the
Proprietary
Roads for the period prior to June 1.
The following are quotations in gold for various coins:
15%
00
316,799
57,336
67,633
128,412
64,839
408,133
483,948
125,365
99,111
49,397
260,450
242,568
1.5%
17%
Erie
..
Dubuque &S.City.December.
Grand Trunk.Wk.end.Dec. 28
Gr’t Western. Wk.end.Dec. 27
Houst. & Tex. C. .November.
ID. Cent. (Ill.line).November.
Iowa lines.November.
do
27
'*%
38
43
Hannibal&St. Jo.
359,248
Chic. & East. Ill..December.
63,329
Chic. Mil. & St. P.December. 716,468
*Chic.&Northw.&c.Decern ...1,114,500
Clev. Mt. V. & D.. 3d wk Dec.
6,784
Dakota Southern.November.
23,686
Denv. & Rio G...November.
117,363
26% 26%
15,615
pref
Chicago & Alton..December.
7%
26%
m
2,070
Del. Lack. & Western 163,898
do
Week or Mo.
1878.
1877.
1878.
1877.
Atch. Ton. & S. F.December. $323,500 $246,778 $3,930,847 $2,679,105
Atl & Gt. West...November.
336,833 - 377,629
Atlantic Miss.&O.November. 175,892
161,333 1,575,216 1,613,930
Bur. C. Rap. & N.December.
124,676
129,554 1,527,667 1,249,881
Cairo & St. Louis.1st wk Dec
4,419
3,853
206,093
220,019
Central Pacific...December. 1,438,000 1,354,882 17,752,363 17,050,976
16
Shares.
..
gross earnings from Jan. 1 to,- and including, the period men¬
tioned in the second column.
-—Latest earnings reported.—^Jan.l to latest date.—s
16%
We,p,kt
Chic. Mil. & St. P..
5%
39%
44%
22%
4*
llI«
18* 125 *1*4 1?%
8%
13% 13%
Sales of
Chicago & Alton
Chic. Burl.& Quincy.
79
119%
M5%
8 •%
07% 6*%
70% 77%
0%
6%
76
75%
70%
113% 113% 113%
8*
*;%
13% n%
Total sales this week, and the
range
•since Jan. 1, 1879, were as follows:
Canada Southern....
Central of N. J
5i
78%
119%
31%
80
87% 37%
5
5
5%
38% 39
38%
43% 4;%
2 % 22% 22%
75%
0% 6%
75% 70
113% 112% 113
8
46% 40%
3‘% 3l%
80%
112% 1-2%
34% 35%
75% 76;T
-
80%
80%
.
40% 47%
34* 3l
80
80%
112% 112%
35% 35%
70% .70%
51% 51%
7^% 79
1!9% 119%
35% 30
31%
*2%
Frida
day.
Jan
10.
Jan. 9
5%
5%
3s% 38%
43% 41%
6S
o
tlie
Jan. 8
47
84
8J%
.
are
Wedn’sd’y Thursday,
7.
13% 13i4 13% 13%
31% 34% 34% 34%
.
These
was
79% 79%
111% 111%
34% 35%
75% "5%
5f%- 51%
77% 78%
119% 119%
35% 35%
44%
22%
21%
pref
«7
07%
Michigan Cent 74% 74% 74%
0
Mo.Kan.& Tex
5%
6
Morris <fc East x '5% 70% 75%
N.Y. C. & H. i
113% IP % 'r.'%
Ohio & Miss...
m
s
Pacific Mail.... 13% 13%
Panama
*12 :iH
1 1
Pltts.Ft.W
101% o»l%
St L. I.M.& -o. J4
14 %
14%
7
St.L.K.C.& No
7%
7%
do
’ p ef
25% 25% 20%
Futro Tunnel.
3%
3%
3%
Union Pacific.. 66% 6 % 00
Wabash
21
21% 21%
West. Un. Te
91% » % 94%
*
46
34
*38%
Han. & St. Jo..
do
pref.
Illinois Cent
Ka ns Paeifle
Lake Shore
.
Jan.
47
*7*
Chic. Burl.«fc Q.
C. Mil. & St. P.
do
pref.
Tuesday,
6
46
34
.
do
on
[VOL. XXVIII.
S
8
$
$
127,418,COO
*
2,563,800
2,557,000
2,588.000
2,9r 0,800
3,135,000
2,933,000
2,862,400
2.779.900
2,630,500
I
6.127.800
6.524.800
7.234,600
7.787.500
8,060,800
52,264,600
52,240,2; 0'
53,263,400
54,956,500
25,473,100
25.888,000
25,429,4(0
45,547,518
41,489,955
44,823,641
45,810,772
8,228/00
8.655.500
8,112,900
'
56,258,400
55,244,900
55,713,000
25.460.700
25.488.700
c
25.450,900
47,970,092
44,426.281
36,257;60J
25.311.400
6,416,400
56,01",9(0 25,400,000
55,932,300 25,937,200
5^,433,300 25,424 700
56,217,600 25.359.400
32,: 63,732
6,126,830
59,525,100
52,163,732
7.483.500
46,164,108
25,816,400
Philadelphia Banks.—The totals of the Philadelphia banks
are as
follows:
Loans.
1870.
Oct.. 21.
Oct.
Nov.
Nov.
Nov.
Nov.
Dec.
Dec:
Dec.
Dec.
Dec.
28.
4.
11.
18.
25.
2.
9.
16.
23.
30.
$
50,801,498
58,522,350
58,411.244
58/270,111
57,656,695
57,344,124
57,461,311
5,714,763
57,353 628
57.107,459
56,949,772
•
Specie.
$
1,605,812
1,646.613
1,693,177
1,874,226
1,379,359
1,92.867
1,946,959
L. Tenders. Deposits. Circulation. Agg. Clear.
S
*
$
%
12,085,596
11,958,394
12,575,827
12,334,845
12,500,345
12,618.399
18,022,453
1,996,059
12,740,471
2,056,397 12,640 356
2,168,142 13,220,3 G
2,461,523 13,127,507
1879.
A
67,272,231
*
15,873,233
44,786,291 11,353,450
44,252.796 11,394,811
4 *,671/294 11,3%,121
44,100,434 11,430,793
44,436,416 11,3 3,116
44,il2,830 11,393,361
45,144,517 11,395,817
44,816,112 11,386,822
44,240,055 11,384/^75
44,650,121 11,-79,546
41.903,227 11,371,466
45,693,721
11,364,651
33,720,738
29,0*9,&90
29.104,649
29.370,440
27,805,472
31,023,406
21.195.262
37.596,551
23,809,8311
-
32,208,916
26,410,362
32,976,353
January 11,
1879.]
THE CHRONICLE.
37
New York:
City Banks.—The
following statement shows the
condition of the Associated Banks of New York
City for the week
ending at the commencement of business on Jan. 4, 1879 :
Loans and
Banks.
Capital. Discounts.
$
$
2,000,000
7,951,400
New York
Manhattan Co.... 2,('50,000
Mechanics’
2,0u0,000
Merchants’
2,000.000
Union
1,200,000
America
3,000,000
Phoenix
1,0)0,000
5,414.203
6,2 8,000
Legal
Specie. Tenders.
*
$
735.400
944.400
699.300 1.328.500
721.800
890.200
603.300
925,000
388.500
399.200
;.. 1,000 003
Tradesmen’s
1,000,000
Fulton
6.0,000
Chemical
300.000
Merchants’Exch. 1,000,000
Gallatin National 1,000,030
Butchers’ ADrov.
300.000
Mechanics’&Tr.
600,000
1,142.000
41,090
187.000
Greenwich
2) \000
8il,100
9.500
162,100
Leather Mauf’rs.
600,000
2,070,200
362.900
328.100
Seventh Ward..
300,000
909,900
41,200.
226.300
State of N. York.
800,000
1,508,700
208,2)0
393.500
American Exhn’e 5,000,000 11,900,000
1,672,000 1,1. 2,000
Commerce
Broadway
5.000,000
1,000,000
1,000,000
422,700
1,500,000
450,000
412,500
....v..
Mercantile.
..
..
Pacific
Republic
Chatham
People’s
North America..
700,000
Hanover
1,(00,000
Irving
500,000
Metropolitan.
..
Nassau
.
3,000,000
.
Citizens’
600,000
1,0 M‘,no0
......
Market
50-3,000
St. Nicholas
1,000,0 0
Shoe and Leather 1,"00. 0)
Com Exchange . 1,000,000
Continental..:.., 1,250,000
Oriental.
309,000
Marine
403.000
Importers’ATrad 1,500,000
Park
2,000,0'0
Mech. Bkg. Ass’n
500.009
Grocers’
300,000
North River
240.000
East River...
250,000
Manuf’ra’A Mer.
luO.OOO
Fourth National. 8.5 0,000
Central National. 2,000,060
Second National.
300,( 00
Ninth National..
75 >,000
First National...
500,000
Third National..
932,700
N. Y. Nat. Exch.
300,n00
Bowery National
250,003
New York County
German A meric’n
Chase National..
Net
Deposits.
7.176.400
4,710,100
5.427.300
4,38-',900
Circula¬
tion.
$
44,000
7,500
S6.500
44,5 0
2.743.400
6.712.900
135,00)
1,760,000
6.583.200
246,000
1.737.500
1,196,000
9.777.600
2.300.500
755,800
1,892 500
848 200
903,000
810,300
1.762.900
899.600
1.455.900
8.926,000
1,100
2 0,003
750.000
300,000
Loans.
1878.
Aug. 24.
Aug. 31.
Sept.
Sept.
Sept.
Sept.
7.
244, <115,100
245,3:7,400
246.322.500
21.
23.
5.
Oct. 12.
Oct. 19.
Oct. 26.
Nov. 2.
Nov. 9.
Nov. 16.
Nov. 23.
Nov. 30.
Dec. 7.
Dec. 14.
Dec. 21.
Dec. 28.
1879.
Jan.
236,994,300
239,431.703
243.432.900
14.
Oct.
4.
.
S
247.881.900
2*8,634.300
246.593.100
245,108, *00
244,511,800
240,224,200
237.695.500
231.917,700
236,43^,400
239.815.500
236,n 7,200
235.974.100
2^5,824,400
Northern of New Hampshire
Norwich & Worcester
Ggdensh. & L. Champlain
do
pref..
85
SECURITIES.
Old
Colony
Phil,*R.C.*I deb. 7s. cps.off
do mort.,
7s, 1892-3
mi Phila. Wllm. * B-lt.
6s, ’84
Rutland, preferred
6
Vermont & Massachusetts..
Worcester & Nashua
112*6
do
reg
.
no
105
109
00
80
5s, reg. & cp., 1913.
6s, gold, reg
87
78,w’t’rln,rg.&ca. 105 >2
no 7s, str.imp., reg.,’83-86*
90
103
N. Jersey 6s, reg. and coup...
do
exempt, rg. & coup.
Camden County 6s, coup
Camden City 6s, coupon
do
7s, reg. & coup
Delaware 6s, coupon
Harrisburg City 6s, coupon.. 101
....
RAILROAD
25
33* I
32*
28*
East Pennsylvania
Eimlra & Williamsport
do
do
pref..
Har. P. Mt. Joy & Lancaster.
31
23
40*
Huntingdon & Broad Top...
do
do pref.
Lehigh Valley
7..
Little SohuylKill
••••
Norristown
3*
31*
Pennsylva-tla
Philadelphia & Erie
Poilndeiphla & Read ng
117A
131
Philadelphia & Trenton
Ph la.Wllming. & Baltimore.
Pittsburg Titusv.* Buff.— ‘4 H
3^6
CANAL STOCKS.
Chesapeake & Delaware
Delaware Division
Lenlgh Navigation
Moms....
do
pref
Pennsylvania
Schuylkill Navigation
pref...
J.& J.. 107
6s, exempt, 1887
110
6.-,'890. quarterly., 106
58, quarterly.
99
33* Baltimore 6s, 88L quarterly. 108
do
29*
6s, ;886, J.&J
1+8
do
6.3,189.', quarterly... 110*
33
do
6s, park, 1890, Q.—M. 110
do
6s, 1893, M.& S
1 !2
42
do
6s,exempt,’93,M.&S 112^
do
1900, J.&J
111
do
1909, J.&J
112
4
Norfolk water, 8s.
112
...
..
.
Par.
....100 88*
Wash. Branch. 100 12o
do
Parkersb’g Br..50 1
Northern Ceuiral
50 12*
Western Marylan 1
50
Central Ohio,
50 23
100*
North Pennsylvania
United N. J. Companies
West Chester consol, pref....
West Jersey
do
do
do
4
24
37*
Pittsburg * Connellsvllle..50
3^
7*
111*
112
115
116
113
114
railroad
89
5
13*
5
28
5
bonds.
12
Balt. & Ohio 6s, 1880, J.&J....
do
6s, 1885, A.&O.
N. W. Va. 3d in.,guar.,’85.J&J
5
Pittsb.* Connell8V.7s,’98,J
fej
(31
131* Northern Central 6s, ’85, «‘&J
do
6s, 1900, A.&O
20
30
do 6s, gld, 1900, J.&J.
Cen. Ohio 6s, 1st ui.,’90,M.& S.
W. Md. 6s, 1st m.,
gr.,’90,J.&J.
do
1st m., 890, J.&J...
14 H
do
2d
14*
m.,guar., J.&J
52*
do
2d m., pref
do 2d m.,gr. by W.Co.J&J
do 6s. 3d m., guar., J.&J.
Mar. & Cin. 7s, ’92, F. & A
do
2d, M. & N
.
...
do
100
103
105* 106
10')
105
97*
97*
104* 107
102*
105
100^
101
109
105
109
70
106
110
94
106
100
106
68
101
107
»3*
29*
94*
30
the totals for a series of weeks
12
RAILROAD BOND8.
past:
Specie. L. Tenders. Deposits. Circulation.
Allegheny Val., 7 3-lOs, 1896
108* 109
iob*
Agg. Clear
do
7s, E. ext., 1910 88
$
i
I
MISCELLANEOUS.
*
do
24
Inc. 7s, end..’94
Baltimore Gas certificates... 95
18.662.500 55,059,800 216,088,500 1^,305,600
100
Belvidere Dela. 1st m.,6s,1902. 103*
People’s
17.000,300 51.948.500 216.164.100 19.433.700 330,517,433
Gas
do
2dm. 6s. ’85.. 100
12* 12*
285,761,611
16,95 3,100 50,9-83,500 216.711.200
do
31 m. 6s,’37.. | 96*
CINCINNATI.
19,062,300 348,022.456
18.554.700 48.891.200 218,264,000
Camden &Amboy 6s,coup,’33
Cincinnati 6s
t 97
98
do
do
18,3-02,800 48.538.400 217,304,000 19.478.300 330,877,791
6s, coup.,’89
7s-....
107
t 105
do
mort. 6s, ’89....
do
7*30s.
18,199.600 45.680.700 216,332,000 19.616.300 333,606,566
f 106
108
mm
do
South. RR. 7-30s.t 108
17.599.700 43.362.200 214.103.400 19,617,800 370,111,767 Cam. & Atl. 1st in. 7s, g., 1903 112 114
108*
do
21 m., 7s, cur., ’St* 100
19,577,500 453,<*71,364
do
do
gold
6s,
t
97* 98
13.991.100 42,*50,800 210,041.200
Cam. & Burlington Co. 6s,’97.
Hamilton Co., O., 6s. long...f 95
15,547,800 40,729,100 208.144.600 19,593,100 424,149.9! 0 Catawlssa
ao
1st, 7s, conv., ’32.. 105
7s, 1 to 5 yrs..ti 100
107
19,601,200
i02
482,291,920
19.860.500 39.962.500 211,098,700
do
chat, m., 10s, ’88
do
7 & 7-30s, long.t 104
108
105
24,144,1*0 40,219,000 215.413.400 19.889.700 392,878.293
do
new 7s 1900
CIn.&
Cov.
iff
Bridge st’k, pref. 75
19.904.300 488,571,553
105
Cin. Ham. & D. 1st m. 7s, ’80
2d,373,200 39.155.400 210.737.600
Connecting 6s, 1900-1904
101
ioi*
19.905.400 408,9+3,425 Delaware mort., 6s, various..
do
2 ,403,400 39.938.200
2dm. 7s,’85.. 97
98
209.752.100
Del. & Bound Br., 1st, 7s, 1906 iff
Cin. Ham. & Ind., 7s, guar.... 40
106
2-3,414,400 40.588.200 207,131,800 19.909.400 460,572,73 : East
45
Penn. 1st mort. 7s,’88
Cin. & Indiana -st in. 7s
19,961,900
404,037.742
93
8-2,9 *7,400 41.275.700 206.797.200
E1.& W’msport, 1st m., 7s, ’SO. 105
do
2d m. 7s, \7... 72
106
20,16 V 00 39,961,000 201,058,600 20,007,000 368,2 8,659
do
Colum. & Xenia, 1st m. 7s,’90 104
5s,perp
20,+53,200 436,695,221
106
20,832,900 45,478,500 206.134,400
Harrisburg 1st mort. 6s, 83.
Dayton & Mich. 1st m. 7s, '81. 101 101*
20.9,1,5 )0 39,600,000 203,625,600 220,141,600 3^0,741,510 H. & B. T. 1st m. 78, gold, ’90 107*
do
2dm. 7s,’87. 98
100
*,077,000 42 ,244,812
do
2d m. 7s, gold,’95
do
3d m. 7s, ’83.
20.514.100 40,7o7,100 203,209,700 19,576,700
93
95
do
325,696,134
Dayton & West, lstm., ’81...+ 100
8dm.con8.7s, ’95* 25
Ithaca* Athens 1st g d, 7s.,’9,
do
i st m., 1905
87
90
20,9S6;200 41,*32,600 206,173,000
Junction 1st mort. 6*, ’82
do
1st m. 6s, 1905 toO
19,848,800
are
8a, 3d, J.&J
11
Union RR. 1st, guar., J. & J. 105
do
Can on endorsed.
102*
..
,
.
...
....
• •
.
Note.—The figures of the Chase National
Bank
above totals
prior to October 26.
411,598,790
do
2d mort. 6s, 19J0
Sup. & Miss., 1st in., 7s g.*
Lehigh Valley, lst,6s, cp., 1898 111
...
are not
included in the
QUOTATIONS IN BOSTON. PHILADELPHIA AND
OTHER CITIES.
L.
do
do reg., 1893... 111
do 21 m.,7s, reg., 1910.. 115*
do
con. m., 6s,rg.,1923
do
do
6s,' p.,19.3 93*
112
112*
116*
99
99
Little Schuylkill, 1st rn.7s.V2
North. Penu. 1st m. 6s, cp.,‘85. 107
108
SECURITIES.
Bid. Ask.
do
2d m. 7s, cp., ’96. 114* 116
SECURITIES.
Bid. Ask.
do gen. m. 7s, cp., 1903 1*j7
BOSTON.
do gen. m.7s, reg., 190"J 107
Rartford & Erie 7s, new
Maine 6s
32%
.'
75
Oil Creek 1st m. 7s, coup.,’8;.
80
f)gdensburg & Lake Ch.Ss...
New Hampshire 6s
rittsb. Titusv.* B.,7s,cp.,’96 33
Old Colony,7s.
33*
....
Vermont 6s
do
do
08
scrip....
Pa.& N.Y.O. & RR. 7s, ’96-1906 113* ii'4
Massachusetts5s,
gold...
lio 110* Omaha & S. Western, 8s
Boston 63, currency
Pennsylv.,
1st m., 6s, cp., ’80. IO4* 102*
1*6* Pueblo & Ark. Valley, 7s
do
104*
5s, gold
do
gen. m. 68, cp., 1910 107* 108*
Rutland 8s,1st mort
1
Chicago sewerage 7s..
do
een. m. 6s, rg., 1910.
Vermont & Canada, new 8s..
do
ioi
do
cons.m. 6s rg., 1905
Municipal 7s
108
Vermont*Mass. RR.,6s
Portland 6s
do
cqns.m. 68, cp., 1905. 100% 101*
stocks.
Atch. & Topeka 1st m.7a.
do
Navy Tard 6s, rg.Vl
1C9% AtchBon & Topeka
do
83
land grar
S3* Perklomen 1st m. 63,coup.,’07
110
72
Boston* Albany.
lie*
do
129
2d 7s.....
Phila.
&
Erie
1st m.6s, cp.,’8i 1039* 104
129*
104& 104^ Boston ALowel)
do
58
land Inc. 3s..
do
2d
m.
102
*
103
7s,cp.,’S8..
101*
Boston
& Maine
Boston & Albany 7s
108* 108%
Phila. & Read. 1st in.6s,
102
H8* 118* Boston & Providence
do
103
103 4
6s
do
do
*48-.49.
108*
Burlington
&
Mo.
In
UoBton & Lowell 7s
Neb..., no* 111
do
2d
in., 78,' p., 83. 112
Cheshire preferred
Boston & Lowell 6s
24
*6
do
deben., cp.,WJ
Chic. Clinton Dub. & Min....
Boston & Maine 7s
50
48*
do
do
116
25
117
cps. ofc. 20
Cm. Sandusky & Clev.......
Boston & Providence 7*
4
3%
do
48
scrip, 1882.
Concord
Burl. & Mo., land erant 7s....
70
do
In. m. 7s, cp,l896
114
Connecticut River
do
138
140
Neb. 68
do cons. m. 7s, cp.,l9i».. 100% 101*
10* * It 6
Conn. & Passumpsle
do
46
50
do
cons.
Neb.8s,
1883
m. 7s, rg.,19Il.. 100% 102
Conn. & Passumpsle, 7s, 189 i. 113
12
do con9.m.6s,g.i.l9ll....
12*
i Eastern (New
83
Eastern, Mass., 8^8, new.
Hampshire)... 57*
do conv. 7s, 1893*
46
71*. 71* 1 Fitchburg
x 116*
Fitchburg RR., 6s
do
7s,
103
30
coup,
off,
’93
Kan.
28&
City Top. & Western... 89
do
76
®9* Phila.* Read. C.& I. deb. 7s,92
20
Manchester & Lawrence....
Kan. City Top. &
W.,
7s,
1st
Nashua
& Lowell
do
*
do
7b. tnc.. 102*
In
default.
New Vork A New
X Par share.
England...
107*
111
109
102
110
110
STOCKS.
• •
234,250,000
107
CANAL BOND8.
....
23
pref
do
93
80
Chesap. & Dela 1st 6s, rg.,’86
Delaware Division 6s, cp.,’78.
Lehigh Navlga.m.,63, reg.,’84 103
do
mort. RR., rg.,’9- 105
do m. co;.v. g., r*g.,’94
do mort. gold,’97—
'90*
do cons. in.7s,
rg.,\9l! 57
Morris, boat loan, reg., t885..
Pennsylvania 6s, coup., 1910..
Schuylk. Nav.lst rn.6s.rg ,’97. 82* 70“
83*
do
2d m. 6s, reg., 1901 50
51
do 6s, hoar*car,rg.,19lS
35*
do 7s,
boat*car.rg.,’.9 5
Susquehanna 6s, coup., .9.8 .* 25* 60
Maryland bs, d fense,
28
43*
100
Northern Pacific
Susquehanna
92*
60
do
1st m. 7s, ’99
105
Western Penn. KR.
6stcp.’.89i- 94
do
6s P. B.,’96
82
31* 33%
RAILROAD
40>s
47
Balt.* Ohio
47*
48
do
Nesquehonlng Valley
d<>
101
102
BALTIMORE.
STOCKS.t
Camden & Atlantic
do
do
pref
Catawlssa
do
pref
do
new pref—
Delaware & Bound Brook.,..
Mlnehlll
m..6sg.,1903
90
99
lnc.&l. gr ,7s 19,5 22
Union & Titusv. 1st m.
7s, ’9C. 34
39*
United N. J. cons. m. 6s,’94
Warren & F. lBt m.7s, *91
'81
82*
West Chester cons.
7s, ’91— 113* 114
West Jersey 6s, deb,,
85
coup.,*8:
do
1st m. 6s, cp., ’96
104
.
new, reg.,
Plttsourg 4s, coup., 1913
do
do
do
cons
do
STATE AND CITY BONDS,
Penna. 5s, g’d, int.,reg. or cp
5s, cur.,
‘
30
7s, cou.,!90C m* 103
Sunbury & Erie ist m. 7s, ’97
Texas & Fac. 1st m ,6s, g.,190!
2 2*
PHILADELPHIA.
5s,
L.
Shamokin V.& Pottsv 7s, 1901
Stoubenv. * Ind.
6s, )884.
mi Stony Creek 1st in.1st,
7s >9J7...
Suub. Haz. * W.,1st
m..53,*21
'60
15
...
Pitts.Cin.&St.
90*
Portland Saco & Portsmouth
Pueulo & Ark msas
Bid. Aik.
88
125
8“
...
do
6s, old, reg.
do 6s, n., rg., prior to’95 114
114*
do 6s, n., rgM 895 * over IMS 116
Allegheny County 5s, coup...
Allegheny City 7s, reg
45,000
187.000
15,700,100 1,189,300 2,4 2,500
10,348,200 1,7(0,305
4,771,000
56.300
992.400
3.464.300
896,*00
3,211.800
336.5C0
465.400 3,039,000
179,800
1,9:4,800
40.700
679.300
2,095.500
3,231,000
130,800
573.300 2,018,700
450,000
2,738,300
96.9 >0
647.500 2.664.900
402,000
1,345,303
32 300
84,000
1,085,800
5,400
1,715,300
90,000
£90,001 1.761.200
5,094,000
341,000
681.500 4.514.200
438.900
f 5,200
1,911,500
485,000 1.842.400
173,500
12,! 15.000
435,000 2,018.000 9,348.000 2,229 00*.
1,578,500
117.100
373.600
1.864.600
246,800
1,928,500
29.400
215.700 1,774.000
3,900
2,308,700
58,900
351.400 1,596 000
311 80i
1,901,700
74,303
167.200
6". 0,800
634.600
3,559,0JJ
266.300
354.300 2,845,000
447.600
3 286,400
176 900
217,009
1.944.500
4.700
3,425 600
43,590
614,1(0
2.577.500
763.900
1,253,0.)0
37,000
180,000 1,100,800
2,3 8.000
342,000
158,00) 2.249,000
358,090
14.789.01*0 1,124,500 3.546.500
15,766,100 1,093,600
9,63 i, 100
640,700 2,783,700 11,813,900
536.409
551.600
58.200
76.200
411.700
294,909
436,000
ICO.900
2,600
372,800
776,500
48.700
115.700
591.900
679,200
68,600
75,800
537,500
126,000
304 603
15.300
135.600
381.600
13,612.800 1,412.100 2,101,100
12,062,800 1,049,200
7,369.000
369,000 1,453,000 6,751,000 1,405,000
l,853.0u0
4S5.000
1,855,000
270,0)0
3.404,300
116,800
987.400
3,321,700
593,700
6.744.503 2,036,600 1.544.500
9.046,400
45,’*00
5,707,600
316,500 1,429,000 5,8*8,200
799.300
1,103.903
41,200
224,800
791.600
269,301)
1,191,700
20,000
210,000
846.700
22 ),0 iU
1,165,000
6,4C0
239.700
1,157,000
180,000
1,989.900
189,600
419.600 2,032,9)0
1,824,400
125,700
331.100
1.732.600
251,600
Total
following
Bid. Ask.
1892-1902 109
6s, 10-15, reg.,lV77-’82. 104
6s, 15-25. reg., 18S2-’92. 108
6s, In. Plane, reg.,1879
Philadelphia, 5s reg
29,100
62,707,990 234,250,000 20,986,290 41,832,600
203,173,000 19,848,800
The deviations from returns of
previous week are as follows :
Loans
Dec. $1,574,400 Net
deposits
Inc.. $2,963,300
Specie
Inc..
*472,100 Circulation
Inc..
Legal tenders
272,ICO
Inc.. 1,065,500
The
securities.
do
do
do
do
do
590,900
444,300
259,500
193,000
2,700
271,400
'
...
PHILADELPHIA, Etc.—Continued*
-AVERAGE AMOUNT OP
5,564,100
3,790,000
8,472.100 1.300.700
863.700
1,807,000
237,000
381,000
6,482,100 1,153 500 1,506,000
2,932,800
291,0 K)
211.400
1,308,700
193.100
563.700
9,598,900 1.395.700 2,005,700
2,204,800
217.900
382.700
3,398,100
93.800
525,900
1,093,000
142.900
116,100
City
BOSTON,
Ind. Cin. & Laf. ’.st m. 7s
do
(l.&C.) 1st in.7s,’88 '95
Little Miami 6s, ’83
100
Jin. Haul. & Dayton stock...
15
Columbus & Xenia stock
102
Dayton & Michigan stock.... 18
—
do
LOUISVILLE.
do
do
...
..
....
* '
..
•
r
t
t
•
•
•
in‘2*
iod*
’43-’44.]’»°l*
.
.
.
«
...
...
#
B
.
0
wharf 6s
t
39^
t
101*
97*
97*
97*
97*
97*
speoT tax 6s of ’89.t 97*
Loul-vllle Water 6s, Co. 190? +
102*
Jeff. M.&l.lst m. (i&M) 7b,’811
do
2d in., 7s..
92
92*
do
1st in.,7s, 1906. ..+
106* 107
Loulsv. C.& Lex. 1st m.7s,’97t 104
104*
Louis.* Fr’k.,Louisv.ln,6s,’8;
100
Loulsv. & Nashville—
Leb. Br. 6s, ’86
+ 98*
1st m. Leb. Br. Ex.,7s,’80-85.1
98*
Lou. In.
do
6s, ’a3...f 98*
Consol. 1st m. 7s, ”98
104*
Jefferson Mad. & Ind stock.
1U3*
Louisville* Nashvl le stock. 30
-
ST.
LOUIS.
St. Louis 6s, lo. g
do
do
do
water 6s.
do
gold
tf 103*
+ 105*
do
new.f 105
bridge appr., g. 6s t 104*
do
renewal, gold, 6s.t 104*
ao
sewer, g. 6s, ’9.-2-3.f 104*
St. Louis Co. iiew purk,g.6s.f 104*
do
’ cur. 7s
t 104*
t
....
+
6s,’82 to’87........+
6s,’97 to’9.4
t
water 6s,’87 to ’89 t
water Btock 6s,’97.+
do
do
do
do
....
*
st’k,guar
Louisville 7s
i07*
~32M
8. p.c.
-
Little Miami 6tock.,
t And interest.
’
38
THE
CHRONICLE.
[VOL. XXVIII,
QUOTATIONS OF STOCKS AND BONDS
U. S.Bond8 and active Railroad Stocks are quote i on a previous
STATE
8XOUBITTB8.
Bid.
Alabama 5b, 1883.
do
5s, 1866.
do
8s. 1886
do
8s, 1888
do
8S.M.&E.RR..
do
8a, Ala. & Ch.R.
'"43J4
do
do
8a of 1852
8a of 1893
Arkansas
6s, funded
76, L. R. A Ft. S. 186
do
do
do
Memphis A L.R.
7S.L.R.P. B. AN.O
do 7s, Miss. O. & R. R
do 7b, Ark. Cent. KR...
»s
Connecticut 6s
Georgia 6s
do
7s, new bonds....
do
7s, endorsed.
do
7s,gold bonds...
Illinois 6s, coupon, 1879...
...
War loan
do
Aik.
*5
5
5
5
5
5
do
do
do
do
104
1073-4
Asylum
100%
1833.
Kentucky 6a
do coup.. 3887..
do loan... 1883
5s
do
do
do
Railroad Stocks.
Active previ'usly quot’d.
1
Albany & Susquehanna...
Burl. C. Rap. A Northern.
Chicago* Alton, pref ..
Dubuque A Sioux City.
Harlem
Joliet & Chicago.
25
*4%
"57
‘(fd
140
141
Long Island....,
Nashv. Char. & St. Louis
New York Elevatea Kit..
.
140
N. Y. New Haven & Harj,.
Ohio & Mississippi, pref
Pitts. Ft. W. A Ch
spec..
Rensselaer & Saratoga
Rome Watertown & Og.
15j%
St. Louis Alton & T. H....
do
do
pref.
Belleville* So. Ill.,pref.
Terre Haute & Ind’polis
United N. J. R. & C
2%
9%
,
Miscel’ous Stocks.
Adams Express
American Express
United "tates Express
Well?, Fargo & Co
Quickbilver
pref.
do
Atlantic & Pac. Tel
Am. District Telegraph...
Canton Co., Baltimore....
American Coal
Consolidate Coal of Md..
Cumberland Coal A Iron.
Maryland Coal
Pennsylvania Coal
Bering Mountain Coal...
Mtflposa L. & M. Co
do
do
pref.
Bailroad Bonds.
Stocy Exchange Price*.)
Boston H. * Erie, 1st m..
guar.
...
Bu *. C. R & North., 1st 5s..
Mlnn^fe St.L.,1st 7s gua
Chesft. & Ohio so. 1st in.
do
ex four cc up
Chicago A Alton 1st mort.
do
income,
di
sink’gfund
Joliet & Chicago, 1st no.
La. A Mo., l&t m., guar..
Bt.L.Jack.A Chic.,1st m.
Chic. Bur.* Q. S p.c.jlstm
do
con8ol.m.7e
do
5s sink, fun 1
Ch.Bk.1
&P..s.f.lnc.6s,’95.
»*, 1917, coupon
*a,1917.
Central of JN. J., 1st m., ’90
do
1st consol.
do
tssented
conv
do
assented
do
do
Lake Shore—
Mich S. & N.
Cleve. A Tol.
do
106
47 %
44%
95
32
81
25
’34
31%
26
25
24%
‘
*18
108
22
105%
103%
111
110
••
p.c.
.
sinking fund.,
new
bonds....
Cleve. P’ville & Ash., old bds
do
new bds
do
adj’mt b., 1S03.
Lehigh * W. B. con.guar
88%
90
75%
do
do
assented.
Am. Dock & Imp. bonds
do
do
issented.
Ch .Mll.A Bt P.lstm.Ss.P.D
do
2dm. 7 3-10, do
do
lst7e, fg ,K.D
do
lstm., LaC.D.
do
lstm.,l.*M...
do
lstm., 1. & D.
do
lstm.,H. & D.
do
lstm.. C. *M.
do
consol.8lnk.fd
74%
60
41
111
100% i'10
101% 102
411% 112
*llu
tlu2
710U
90
42
58
55
123% 123%
10a
104%
107% 107%
104%
105
102
100
103%
108
*
•
18%
17
97
20
97%
a
.
.
,
t
c
•
-
-
:i3
119
100% no
'.8%
78%
120
121
120
105
120X
105%
105% 105%
105
105
76
76%
107
06
96%
06%
95%
■05%
ic'3%
103%
*94%
05
106% 106%
100% 100%
107%
108
*76
*92.
106% 116%
103%
.
.
-
-f
do
2d mort
do
Income, 7s.
do
lstCaron’tB
South Pa?, of Mo., 1st m
Kansas Pac., 1st m.. 6s, 1895..
do
with coup. c fs.
do 1st m., 6s, 1896
do
with coup. ctfs.
..
-
„
....
Land grants, 7s.
1st, 7s, Leaven.br.,’So
with coup, ctfs
1st, 7?,R.AL.G.D’d.’99
93
...
iod.
iod%
4
**
♦
•
...
....
••
50
'75
"75
*85
....
• •
.
.
price nominal.
...
Albany, N. Y., 6s, long
Buffalo Water, long
Chicago Hs, long dates
do
7s, sewerage
do
7s, water
do
7s, river lmprovem’t
Cleveland 7s, long
no
...
96%
.
T
-
*
Water »e, long.... 1112
t-101
*
no
107
107%
102
111
115
102
tno% 111%
Rochester C. Water bds.. 1903. fl 12
Toledo 8s. wate-, 189l-’94
105
Toledo 7-308.
+09
Yonkers Water.due 1903..
no
....
114
109
101
....
...
RAILROADS.
Fulton, 1st 7s, gold...
91
97
83
40
30
60
18
00
42
91
72
..
do
68,2dm. g.
Central of Iowa lstm. 7s,gold.
Chic. A Can.South lstm. g. 7s.
Chic. A East. 111. 1st mort., 6s
do
2d m. Inc. 7s.
Jh.St.P. & MInneap., 6s,g.,new
do
do
1. gr., Ge, g
Chic. & S’thwestern 7s, guar..
Cln. Lafayette A Chic., 1st m..
Col. & Hock V. 1st 78, 80 years,
do
1st 7s, 10 years,
do
2d 7s, 20 years..
Dan. Urb. Bl. A P. 1st m. 7s, g.
do
75
161%
7s, equip...
Evansville & Crawfordsv., 7s..
Evansville Hen. A Nashv. 7s...
Evansville, T. H. & Chic. 7s. g.
Flint A Pere M. 8s,Land grant.
Fort W., Jackson & Sag. 8s,’ 89
Grand R.& Ind. 1st 7s, l.g., gu.
do
ist7s, 1. g., notgu.
do
1st ex 1. g. 7s.
Grand River Valley 8b, 1st m..
Houe. & Gt. N. 1st <s, g., certs.
Hous. A Texas C. 1st 7s. gold..
do
West, dlv
do
Waco
do
consol, bds..
Ini. Bloom. A West., 1st
Indianapolis A St. Louis 1st 7s
Indlanap. & Vlncen. Ist78.gr..
International vTexas) 1st 7s...
Int. H. A G. N. conv. 8s
40
....
86
47
105
'25
‘so
23
103
103
30
104
104
"25
'30
25
133
35
t And accrued interest.
...
do recelv’s ctfs.(lahor)
do
do
(other)
Omaha A Southwestern RR. ds
Oswego A1 Rome 7s, guar
.....
Peoria Pekin A J. 1st mort...
Pullman Palace Car Co. stock.
do
ods., 8s, 4th scries
St. L. A I. Mt. (Ark. Br.) 7s, g.
St. L. A San F.f 2d m., class A.
do
do
class B.
do
do
class C.
St.L.ASo’easl. cons.7s,gold,’94
St. Louis Vandalla A T. H. 1st.
.
do
2d, guar
Sandusky Mans. A Newark 7s.
South Side, L. I., 1st m. bonds.
ao
sink. fund..
South. Minn. 1st mort.
7s. 1st,
do
7s, ’S3.,
*No.price 10-day; these
are
101%
(good).
■40
*
60
105
113
115
101
1-103
*112
tH3
flOO
Ronds A and B
83
•
•
•
•
03
100
88
45
36
-
f
Endorsed, M. A C. RR.
Compromise
Mobile 5s (coups, on;
8s (coupons on)
6s, funded
Montgomery, new 5s......
New 3s
..
...
Nashville 6s, old
6s, new
,,•«••••««
.......
New Orb
ans prem. 5s
Consolidated 6s
Railroad, 6s..
Norfolk 6s
Petersburg 6s
,...
8s
Richmond 6s
Savannah 78, old....
7b, new
Wilm’ton,N.C.,6s,g.) coup
8s, gold
) on.
97
103
97
97
48
100
109
96
100
52
72
68
'eo
09
55
20
60
80
30
20
28
45
40
52
26
28
*25
35
85
85
75
80
31
29
25
05
95
104
103
64
64
75
S3
32
"30
ioo
110
104
67
67
85
RAILROADS.
Ala.AChat.,Rec’s ctfs ,var
20
67% Atlantic A Gulf, consol..
20
Consol., end.by Savan’h
Carolina Cent. 1st m. 6s,g.
Cent. Georgia consol.m.7s
60
97
20
80
100
38
-
-
t
,
.
f
104
...
-
45
76
51
103
43%
Stock
69
Charl’te Col.&A., cons. 7s.
76
88
do
2d
7s.
do
58
tI03% 104%
Cheraw A Darlington os
101
-103
t09
East Tenn. A Georgia 6s
91
90
*90
E. Tenn.AVa. 6s.end.Tenn
30
40
98
E.
Tenn.
Va.
&
Ga.
1st.
7s.
35
41
101
Stock
100
35
fc9
Georgia RR. 7s
106
6s
78
98
fctock
102
106
70
Col.
Greenville
A
41
7s, 1st m.
7s, guar
48
53
'
*35
Macon A Aug .21 endorsed
*85
90
92
30
40
Memphis * Cha’ston 1st 7t
99
2d 7s
78
97% 09
fctock
*
85
5%
50
Memph. A Little Rock 1st
Jo
90
Mississippi Cent. 1st m. 7e 102
2d mort., ex coupons....
70
72
94
Miss. A Tenn. 1st m. 8s, A
97
100
111
1st mort., 8s, B
91
92
84
Mobile A Ohio sterling 8s
67
01% 93
83
fc5
Sterling ex cert. 6s
67
50
8s, Interest'.
30%
2d mort. 8s
58
64
15
85
New 1st mort
88
75
Now debentures
70
71
26
N. o. A Jacks. 1st m. 8s..
15
20
107
tl02
Certificate, 2d mort. 8a.
101
Nashville Chat. A St. L. 7t
99
101
69
88
1st, 6s, Tenn. A Pac. Br..
87
-
80
69
67
CITIES.
1109
08
f 108
Denver Pac., 1st m.7s, ld.gr.,g.
Erie A Pittsburgh 1st 7s
do
con. m., 78..
6s
Rejected (beet sort)
1892
M.AS.
7s, gold, 1892-1910..J.AJ.
7s, gold. 1904
J.AJ.
10s, pension, 1894.. J.AJ.
...
fl05
California Pac. RR., 7s, gold
con.
..
....
#
35
106
72
91
63
103
104
45
110
102
75
90
38
97
100
80
8
40
105
96
113
86
72
72
55
20
...
109
87
100
104%
91
100
....
#4%
C
-
Texas 6s,
*
51
76
73
40
Augusta,Ga.,7s. bonds...
103
106
Charleston stock 6s
110
312
Charleston, S. C., 7s, F. L.
noi
302
Columbus, Ga., 7s, bonds.
tio«% 107% Lynchburg 6s
no
tlO0
Macon bonds, 7s
tl06%
Memphis bonds C
....
lib
B, 5s
S. Carolina
300
90
112
...
111%
STATES.
Alabama new consols, A..
84% Georgia 6s, 1879-’89
84%
7L
104
Atchison & P. Peak, 6s. gold..
Boston A N. Y. Air Line, 1st m
80%
(Brokers' Quotations.)
0
63%
105
long
Oswego 7s
Poughkeepsie Water
Cairo A
registered
.....
Indianapolis 7-30s
7%
80%
'
Tol. Can. S. ADet. 1st 7s, g
Union A Logansport 7e...
Un. Pacific, So. Br., 6s. g..
108% 308%
Hartford 6s, various.
do
small
36
So ntli’11 Securities.
.
9
131
...
no
80
108
54%
74%
...
69%
.
IB
35
6s, ex matured coup
6s, consol., 2d series
6s, deferred bonds
D. of Columbia 3-65s, 1974.
Detroit Water Works 7s....,.. +110% 112%
Elizabeth City, short
75
85
do
30%
27
28
28
Waterworks
.
32
32
...
8s
,
A*
37^ 40
...
Atlanta, Ga., 7s
...
25
10
10
10
10
.10
10
6s, new series.
do
do
Miscellaneous List.
(Brokers' Quotations.)
CITIES.
Ho-
Virginia 6s, old
6e, new bonds, 1866
1867
8s,
do
6s, consol, bonds
3%
do
ex coupon^..
96
Pekin Linc’ln A Dec’t’r.lst m
Western Union Tel., 1900,cp... *308%
do
do
*110
reg
...
.
do
80
....
.
•
*5
coup?u
17%
.
•
•
S4%
coupon
A Toledo, 1st m., ’90..
•
,
t
•
%
Jack.L. A S. 8s,lstm.,"white”
Kal. Allegan. A G. R. 8s, gr...
Kalamazoo A South H. 8s, gr..
14%
10
Kansas City A Cameron 10*... +106
Keokuk A D.M., 1st 53,gr. R.I.
72%
86%
50
100
Long Island RR., 1st mort.
Loufsv. A Nashv. cons. m. 7s. 104%
120
do
2dm., 7s, g..
115%
Michigan Air Line 8s, 1890
1105%
112%
Montclair A G. L.ist 7s, (new;.
113
N. J. Midland 1st 7s, gold
112%
25
106% N. Y. Elevated RR., 1st m
104
0
50% 59% N. Y. A Osw. Mid. 1st
•
....
"
•
-
105
ex cour..
Long Island City
98% Newark
City 7s long
106%
100
with coup. ctfs...
100%
do
2d m
100
1st m., 7s, I’d gr., ’80.
do 1st m.,78,1.&D.Ex
93% 99
with coup, ctfs
Chic. & N. West.sink, fd
111
2d mort.,7s. 1886.
do
lnt. bonds,
107
with coupon ctfi..
do
consol, bde 115%
Inc. cp.No. lion 1916
do
ext’n bde..
106
Inc. cp. No. 16 on 1916
do
istmort..
110
111%
Den.DIv.Trust Re •..
do
cp.gld.bds. 10
1(3%
Detached coup. do.
do
reg. do
*103% 103% Pennsylvania RR—
Iowa Midland, let m. 8s. 108
109
Pitts. Ft. W. A Chic., lstm..
Galena * Chicago Ext
107
do
do
107%
2dm..
Peninsula. 1st m., conv.
115
do
do
3d m..
Chic. * Mllw.,lst mort. 109
110
Cleve. & Pitts., consol., s.f.
Winona * St. P.. 1st m..
102
tio
4th mort....
do
2d mort. *95%
Col. Chic. & Ind. C., 1st mort
C.C.C.&lnd’s 1st m.7e,SF. 110% 112
do
do
2d mort
do
consol, m.bdi
96% 97
Rome Watert’n A Og., con. 1st
Del. Lack. * West., 2d m. 106
St. L. & Iron Mountain, 1st m.
do
•
7e, conv. 101
do
do
2d m..
do
mort.. 7s, 1907 103
104
St. L. Alton A T. H.,lst mort.
Bvr. Bingb. & N.Y. itt,7e 104
do
2d mort., pref..
Morris * Essex, 1st. m..
120
do
2d mort. inc’me
do
2d mort..
109
Belleville A S. Ill.R. 1st in. 8tdo
bonds, 1900.
Tol. Peoria A Warsaw, 1st E.U
do
constructs
do
1st w. d
do
94
7s, of 1871
100
do
Burlingt’n i>8v
do
1st con. guar.
89
90
do
2d inori. 1*86
Del.AHud.Canal, 1st m.,’84
93% 94%
do
consol.7®, 1910
do
do 1891
do P.Com.i:cpts,ist.E.D
93% 93%
do
1st extended
100
do
do
isr.w.D
do
COUp. (8. 1894
*94
do
do
Bur. D
retr. *8,1894
do
do 1st pref. inc for 24 M
1st P D.p c.*s
do
do
do
<
102%
fo.- cons’d
do
reg
TOl. A Wabash. l«t.
PT<-«n *
'
f
104%
104%
10^%
103%
11#% 118%
Sinking fund...
Pacific R. of Mo., 1st mort...
do
do
do
do
do
do
do
do
do
do
do
*
#
"51% '51%
.
do
,
113%
do San Joaquin branch
do Cal. A Oregon 1st
do State Aid bonds
do Land Grant bonds..
Western Pacific bonds
Southern Pac. of Cal., 1st m.
Union Pacific, 1st mort. b’de
do
,
11'% 112
Central Pacific gold bonds.
do
r
9=%
..
116
HW
11054
Buffalo & Erie, new bonds...
Buffalo & State Line 7s......
Kalamazoo A W. Pigeon, 1st
112
Det. Mon. A Tol.,1st 7s, 1906
111
Lake Shore Dlv. bonds
do
Cons. coup.. 1st. *115
do
Cons, reg., 1st., *114% 115
do
Cons, coup.,2d., ;105
do
Cons, reg.,2d,...
104% li 5%
31
Marietta A Cln. 1st mort
fc4%
s*
as*
90%
do
33
April A Oct
Funding act, 1866
Land C., 1889, J. & J
Land C., 1889, A. & 0....
15
4
110
ox
ex
’93-4
Ask.
BONOS.
equlp’t bonds.,.I...
o
•
15%
309%
Illinois & So. Iowa, 1st mort
108
Mich. Cent., consol. 7s, 1902...
do
1st m. 8s. i882, s.f.
do
equipment bonds.
3
Mo.K&T.,c ns ass., 1S04-5-S.
3%
do
2d m. Inc., 1911
39
39%
H. A Cem. Mo., 1st, 1890....
New Jersey Southern 1st m. 7e
N. Y. Central 6s, 1883
do
6b, 1887
32%
do
6s, real estate.,
32
33
do
6s, subscription,
71
70%
do A Hudson, 1st m., coup
90
do
do
lstm., reg.
Hudson K. 7s, 2d m., s.f., 188P
Canada South., 1st guar..
Harlem, 1st mort. 7s, coup...
do
do
7e. reg...
101% 101% North Missouri, 1st mort
N. Y. Elevated KR.,let m., 1903
103% 104
Ohio A Miss., consol, sink. fd.
107%
do
consolidated....
109% 109%
do
2d do
116
115%
1st Spring, dlv..
do
9j
Pacific Railroads—
87%
*32%
Extended,
Quincy
111
'89
AND
coupon
St.L. dlv
ex-matured coup....
2d mort
do
111%
103% 103%
Metropolitan Elev., l6t, 1908.
109
109
•
Rhode Island 6b, cp.,
South Carolina «a...
Jan. A July
14%
3
101
103
STOCKS
let m.
*
3%
cpn. convert
do
ex coupe n
Great Western, let m., 1888..
do
ex coupon
do
2d mort.,’93
105%
2d mort.
Ind., S.F., 7
Class 2
Class 3
Wabash,?x
do
115%
.
Indlanap. Bl. & W., 1st mort...
10%
129
108
Keok.ADM’s,1st 1 g.,5?
do
90%
118
118
9J
....
A
do
do
do
do
do
....
*86
Han. & St. Jo., 8s, conv. mort.
111. Cen.—Dub.ASloux C..lstm
do
do
2d dlv.
Cedar F. & Minn., 1st mort..
19
*8*
92
Bull. N.Y. & E. lst.m.,1916...
108% 109
regfst’d
..
Erie, let mort., extended
do
2d
do
78, 1879
do
Sd
do
7s, 1S83
do
4th do
78,1830........
do
5th do
7s, 1888
do Long Dock bonds
Tol.
100% 100%
<lo
do
3d bonds....
d •
1st cona. iriin
Kens. & Saratoga, 1st coup ..
do
1st re'...
Denv.A Rio Grande 1st m.,1900
125
Ontari*. Sliver Mining....
do
150
108
nds
14
14
14
3
1836
MISCELLANEOUS
AND
ausq. 1st
80
d
J..JIIUV ».v
,
19%
Non-fundable bonds
19% Tmnessee 6e,old
do
6s, new
19%
Ohio 6s, 1831
do
.
-
7s of 1888
A. AO
-
,
t,
19%
14%
do
,
«
Bid.
8KOUBITIKB.
....
tfunding act, 1866
Speelal tax, Class 1
103%
-
-
85
85
65
65
103
106
do 1837
.
do
A. AO..
N.C. RR
J. A J
do
..A.A O
do coup, off, J. A J
do
do’ off, A. A O
do
1863
New bonds, J.AJ
103%
.
.
117
118
120
..
103% 101k
103%
101
105%
Jos., due 1836
RAILROAD
do
1891..
58, do
1892
do
6s, do
do
.1893
North Carolina—
103
103 V* 100
...
YORK.
Ask.
110
110
..
do
1889 or’93....
or Un.,due 1392
Han. & St.
do
20
64
'63
Funding, due 1854-5
100%
6s,
6s,
.
50
1886
1887
do
do
do
Bid.
8KOUBTTIK8.
New York State—
tis, gold, reg. ...1887
50
50
50
50
50
68, new
6s, new float’g debt.
7s, Penitentiary
do
68, levee
do
8s, do
do
8s, do 1875
do
8a, of 1910
do
7s, consolidated,....
do
7s, small
Michigan 6s, 1873-79
do
6a, 1883
do
7s, 1890
Missouri 68, due 1832 or ’83
ao
do
do
NEW
BONOS.
Ask.
~5<r
Louisiana 6s
43)4
43%
43%
20
20
20
3
3
3
3
3
105
102
107
107
Bid.
aacuBiTiES
IN
Prices represent the per cent value, whatever the par may he.
paqe.
25
20
“27
105
7
30
25
133% 114%
10
‘20
74
05
86
....
33
30
40
*09
60
91
75
20
98
84
93
40
75
97%
90
00
32
.
104
70
95
85
1st, 6s,McM.M.W.AAl.Br
Nashville A Decatur 1st 7s
Norfolk A Petersb.lst in .86
lstmort.Ts
2d mort. 8s
:.
Northeast., S.C., 1st m. 8s.
2d mort. 8s
Orange AAlex’dris, lets, 6t
<is,6s
*
3ds,8s
4tlis,8s
*
Rich. Fred. A Potomac 6s.
mort. 7e
90
85
72
30
12
05
100
80
Southwe8t.,Ga.(conv.78,’86
Southwestern. Ga., stock.
105
00
S. Carolina RR. 1st
m.
7s..
7s, 1902, low Nos
7s, non mort...Savannah A Char.lst m. 7s
Cha’ston A Sav. 6s, end.
West Ala., 1st mort. 8s....
2d ra.8s. guar
PAST DDE COUPONS.
Tennessee State coupons..
South Carolina consol
coupons
Consol, ronn.
Cltv coupons...
latest quotations made this week.
1
• •
•
88%
...1-
95
108
Rich.A Danv. lstconsol.6f
80% Virginia
87%
ioo
103
100
93
71*
30
108
102
102
93%
35
5
30
106
106
15
40
20
-76
‘25
95
78
40
20
85
110
100
37
32
10
40
108
108
25
77
35
.
January
THE
11,1879.]
CHRONICLE.
NEW YORK
LOCAL
Bank Stock Lilt.
Companies.
Capital.
Dividends.
Surplus
s
*)
Nat’
Amount
pH
.
Prior.
3,000,0CK) 1,413,70C)
5,000,00C 1,157,60C
..
Broadway.
Butchers'^
2c
10c
10c
r.
Central..
Chase
Chatham...
Chemlca'..,
Citizens’...
.
..
..
10c
.
Commerce
Continental.
.
IOC
*. 100
25
25
10c
*. too
.
East River...
11th
Ward*..
.
Fifth...
First....
.
Fourth.,
.
Fulton
.
Gallatin.
J. & J
M.&N
1 J. & J
183,60C
250,00C
1,000,00c 1,195,4'JC U.& J
.96,OOC J. & J.
300.00C
354,800 J.&J
2,000,00C
10(
IOC 1
e.
Period 1876
1877
.
Bid. Ask,
Last Paid.
.
9
7
12
68
10
8
8
Jan.,
% Nov.,
12
Jan.,
16
Jan.,
8
Jan.,
8
July,
15.80C
300,00C
159,000 J. & J.
450,00C
3,191,20C
Rl-m’ly
300,00C
155,400 J.& J.
600,000
1,000,000 1,413.50C M.&N.
'
'79.
’78.
’79.
’79.
’79.
’78.
4
3
5
8
3
Adriatic..
25
AStna. ..,
loo
American
American Exch
Cb loo
125
lCOLi.1013$
Amity..
100
Bowery...
Broadway
Brooklyn.
10
9
Jan., ’79. 3
100
ICO
Jan., ’79.25
8
63$ Jan., ’79. 3
110
20
10
Nov., ’78. 5
7
6
5,000,000 2,664,900 J. & J.
’79. 4
11634
3
1,250,000
297.10C J. & J.
Jan., ’76. 3
75
10
10
1,000,000 745,000 F.&A
Aug.. ’78. 5
122
00,800 J. & J.
250,00C
03* Jan., ’79. 33$
73$
7,500 I. & J.
6
100,000
July, ’76. 3
J 50 00C
44,50 o_ .7
10
10
O
i Of O
LUJ )
Citizens’.
City.......
Jan.,’
12
Oct., ’78. 3
636 Jan.,
10
Nov.,
7
Oct,
Feb.,
6
May,
6
May,
7
Nov.,
736
10
734
’78.
’74.
’78.
’77.
'78.
..
..
..
Joo
..
..
178.940 20
9?iA AAA
145,720
2,022
20
10
10
200,000
172,204 20
200,000
1,000,00' +1006519 9
300,000 517,688 30
200,000 102,433 14
200,000 -11,973 10
110,105 15
200,000
...
Emporium
91n Ann
snn aaa
Continental.,.. loo
Eagle
100
Empire City..
Exchange
Farragut..
33* 125
loo
..
400
931o
*79 3
’78. 5
..
Columbia.
30
Commerce Fire
re l00
Commercial
250
qqs;
70
..
Clinton...
....
12
.
Atlantic..
110
100
100,000 150,700
100
500,000 1,387,700 Q-J.
100 3,500,000
868,000 r. & j.
30
407,900 M.&N.
600,000
50 1,000,000
649,900 A.& O.
100
32,700 F.& A.
750,000
100
50,*00 May.
200,000
100
49.700
200,000
May.
14,200 M.&N.
25
200,000
25
700
100,000
40
16,700 J. & J.
300,000
100 1,000,000
139,400 I. & J.
100 1,500,000 1,874,500 J. & J.
50
500,000 116,0d0 T. & J.
6,500 J. & J.
f0
100,000
100
387,700 J. & J
600,000
200,000
400,000 1560,904 15
73,779 10
200,000
517 8
200,000
78,642 10
200,000
300,000 415,561 30
200,000 807,980 20
153,000 209,786 30
300,000 +493,435 20
..
33$
28,316 10
13,981 14
200,000
..
30
50
17
10
10
154.588
t>nn non
Firemen’s
Firemen’s Fund
id
Firemen’s Tr
Franklin.
100
German-Amerr. 100
Germania.
50
Globe
50
Greenwich
25
Guardian...*... 100
Hamilton
Hanover....
50
50
Hoffman....
Home
100
.
.
....
'
*
.
.
’
.
.
.
..
....
..
204,000
150,000
.
'
•
.
*
*
—
*
..
.
.
,
.
*
..
..
..
...
.
.
.
,
....
.
....
....
.
..
.
..
.
.
....
....
^Bklyn)
....
,
.
.
.
..
...
Tradesmen’s....
United Btates..
Brooklyn Gas Light Co
Citizens’Gas
Co
do
Harlem
25
..
(Bklyn)
20
sertificates
1,C00
Manhattan
Metropolitan
do
100
V -*r.
100
certificates
Mutual, N. Y
do
bonds
1,000
Nassau, Brooklyn
do
New York
scrip
do
Va
.
100
10
bonds
do
do
certificates.
Central of New York
Williamsburg
do
scrip
Metropolitan, Brooklyn
5
3
,
Jan.,
JaD.,
P
8* luly,
1,000
Var.
50
50
Var.
100
100
Municipal.
’79
’79
’78
’78
’79
’78
’78
*ug.,
*ug., ’78
Jan.,
Jan.,
Oct.,
Feb.,
Jan.,
June,
§*
V*
2,500,000 M.& S. 5
1,000,000 M. & S 9H
5,000,000 Quar.
1,000,000 F.& A.
1,000,000 Var
700,000 M.&N.
4,000,000 M.&N.
1,000,000 J. A ,7.
.825,000 M.&N.
300,000 J. & J.
466,000 F.& A.
2
1,000,000 Quar,
1,000,000 J.& J. 33$
1,000,000 M.&N. 2H
Bid. Ask.
1,500,000
100
-
-
-
-
Broadway dk Seventh Ave—stk..
1st mortgage
Brooklyn City—stock
1st mortgage
Broadway (Brooklyn)—stock.
900,000 J. * J.
694,000 J. & J.
1,000
100
Q—F.
M.&N.
Q—J.
A.&O.
..
•
•'
.
•This column shows last dividend
.
on
•
•
f
’78
do
do
’78. 5
5
5
5
Jan., ’79.
6
923$
65
25
100
70
101
155
110
150
90
l40
98
90
f
90
Ju y, ’78
JaD., ’84 100
July, ’94
Apr., ’78
Apr ’85
May, ’88
Sept..’83
40
96
20
90
40
95
80
923$
10
85
f
r
t
.
t
.
,
80
May, ’77 623$ 75
July, ’90 105
115
V., ’78, 110
July, ’901 97
Aue.,’78 95
M j v. ’93 100
Improvement stock.... 1869
do
ao
....1869.
Consolidated bonds
var.
Street imp. stock
var.
do
do
var.
New Consolidated....
Westchester County.......
73$
110.
60
107
45
105
50
125
155
115
245
67
Jan., ’To. 7
Jan.. ’79. 5
Jan., ’79. 73$
Ian.. ’79. 33*
75
130
Jan., ’79. 73$
125
July, ’78.
122
90'
125
ios
iio
J-°n., ’79. 5
Jan., ’79.
J'-ly,
Jan.,
Jan.,
Jan.,
Sept.
July.
Jan
,
Juiy,
Jan.,
Ju y,
Jan.,
Jan.,
Jan.,
July,
Jan.,
July,
Jan.,
’78.
’79.
’79.
’79.
’78
’78.10
’7a. 5
’78 8
’79. 5
’78. 5
’79. 8
’79. 5
’79. 6
’78. 5
’79.10
’7-UO
’79. 5
’78. 8
130
85
105
_
170
82
140
100
80
150
80
135
105
165
165
86
135
105
July,
Jan., ’79. 5
150
90
i40
90
112
Jan., ’79.10
Jan.. ’79.10
Aug..’78. 7
Jan.,
Jan.,
Oct.,
Jan.,
Jan.,
iio
105
195
130
60
July, ’78. 5
200
150
65
’79. 5
’79. 6
’78. 5
’79.10
’79. 6
118
115;
108
230
110
187
115
120
65
Jan.. ’79.10
Jan., ’79. 6
July, ’78. f>
Inn., ’77. 33$
Jan., ’79. 5
10
July, ’78. 5 "70
12
9S
Jan., ’79. 5
20
July, ’78.10 170
1536 16
Jan., ’79 8 1 120
10
10
Aug., ’73 5 1 60
11-55 1235 July, ’78.6-23 120
15
1736 Jan., ’79. 6 110
10
10
85
Aug.,’78. 5
20
16
July, ’78. 7 120
25
20
135
Jan., ’79, 5
16
16
Jan., ’79. 6 130
10
10
Aug., ’78. 5 100
20
20
July, ’78.10 195
13
25
11T
125
128
80
180
125
:
stocks, but the dace of maturity of bonds
Price.
B^nds
d ***.
Months Payable.
Bid.
do
do
do
do
do
do
do
do
1878-1879
1890
1883-1S90
1884-1911
1884-1900
May & November.
1907-1911
Feb.,May Ang.&Nov.
do
do
1878-1898
do
do
1877-1895
1901
May & November.
1898
1894-1897
May & November.
100
102
103
104
109
107
101
100
116
107
117
1889
105
1879-1890 102
1901
111
-
do
do
do
do
do
g.
6
7
6 g.
do
do
do
do
do
1888
1023$
1879-1882 102
January & July.
7
do
do
1896
111
1894
106
jAsk
102
102
103
106
108
117
109
103
107
117
109
118
106
114
112
105
105.
112
107
[Quotations by N. T. Beers, Jr., Broker, 23$ Wall st.]
Brooklyn—Local iinpr’em’i
City bonds
—
do
Park bonds
Water loan bonds
City bonds
Kings Co. bonds
•
do
do
Park bonds
7
7
7
7
7
6
6
7
0
Water loan
*
Nov.1904
pipes and mains...
Bridge bonds
Nov., ’78 120
Apr., ’93 105
•
if* if*
10
180
105
50
115
126
100
Feb., May Aug.& Nov. 1878-1880 100
5
6
5
6
6
7
6
5
6
7
6
7
6
7
reservoir bonds
Central Paik bonds. .1858-57.
do
no
..1853-65.
Dock bonds
1870.
do
D75.
Market stock
1865-68.
85
, ’78
June, *93 101
•
20
4
1841-63.
do
1854-57.
Croton water stock.. 1815-51.
do
do
..1352-60.
Croton Aqued’ctstock. 1865.
Nov
•
250,000
Ntw York:
Water stock
’76
Nov., ’Jb
.
Wllliamsb’g C.
Rate.
.1 an., ’79
.
,
Interest.
Aug., ’7bi
Oct., ’78
.
Westchester...
20
16
10
’79
100
140
104
135
Oct., ’76 85
100
1888
80
3
1st mortgage bonds.
J. & J. 7
Bushwick Av. (Bklyn)—stock..
Ventral Pk„ V.cfc E. River—stk.
100 1,800,000 J. & J. 3
Consolidated mortgage bon
1,000 1,200,000 J.&D. 7
Dry Dock, E. B. dk Battery—s
100 1,200.000 Q-F.
2
1st mortgage, cons’d
500&c
7
900,000 J.&D
Eighth Avenue—stock
100 1,000,000 J. & A. 6
1st mortgage
1,000
203,000 J. & J. 7
2d St. dk Grand St Berry—stock
100
748,000 M.&N. 6
1st mortgage
1,000
236,000 A.&O. 7
Central Cross 'lown- stock.
100
600,000
1st mortgage...
1,000
200,000 M.&N. 7
Houston. West st.dkPav.F’y- stk
100
250,000
1st mortgage
500
500,000 J. & J. 7
Second Avenue—stock
100 1,199,500 Q.-F.
2
3d mortgage...
1,000
150,000 A.&O. 7
Cons. Convertiulc
1.000 1,050,000 M.&N.
7
Extension
*
500&C.
200,000 A.& O. 7
Sixth Avenue- stock..
100
750,000 M.&N. 5
1st mortgage
1,000
415,000 J. & J. 7
Third Avenue—stock
100 2,000,000 Q-F.
8
1st
mortgage
1,000
,000,000 J. & J. 7
2imnlit-thira Street—stock...
100
4
600,000 J & J
1st mortgage
1,000
250.000
7
Aug
/....
200
Oct., 78.10
.Tan., ’To. 5
Jan., ’77. 3
July, ’78.
Jan.,1 ’7y.
July. ’77.
Jai., *79.
13&.
City Securities.
J36 July, ’78
J’ly,1900
23$ Oct., ’78
7
June, ’84
33$ Nov., ’78
7
Nov., ’80
3
Ju’y, ’78
J. & D.
78.10
,
[Quotations by Daniel A. Moran, Broker, 40 Wall Street.]
7
2,100,000 Q—J.
1,000 1,500,000
10 2,000,000
1,000
300,000
100
200,000
100
400,000
1,000
800,000
100
500,000
195
Over all liabilUies, including re-lnsurance, capital and
tcrlp. + Inclusive of
Figure* viUi a minus sign before them show that the-< omDany ia
impaired to that extent.
*
-
’78.10
*
[Quotations by H. L. Gbant, Broker, 145 Broadway.]
1st mortgage
Dec.,
Aug
Jan..
Jan.,
65
100
scrip.
V Jin., ’79
’78
f* Nov.,
Nov., ’78
25
People’s (Brooklyn)
do
Var.
Var.
320,000 A.&O
50 1,850 000 F.&A.
20
750,000 J.& J.
50 4,000,000 J.& J.
Jersey City & Hoboken
.
2,000,000
1,200,000
Date.
*
150,000
250,000
300,000
25
25
10
50
08'»
85 «.
,
...
....
A
60
July, 78. 5
July. 78. 33$
ISO
Jan
’79. 7
95
Jan., ’79. 5
55
Jan., ’77. 4
90
July, |78. 5
190
20
20
.....
Amount. Period
10
30
20
40
10
20
10
10
10
10
12
12
13
10
20
.
Par.
10
30
20
40
10
20
10
10
10
10
12
12
10
10
20
10
20
10
10
20
10
11
14
30
20
10
20
20
25
16
20
10
12
11
20
20
20
18
.
Companies.
20
14
3
15
15
12
10
12
10
10
12
30
20
20
20
.
.
.
30
14
10
20
15
15
10
12
20
.
.
.
10
15
15
10
4
10
20
20
20
20
10
20
10
10
20
10
12
20
30
20
10
20
18
20
14
20
17
.
•
10
25
15
10
8
10
20
20
20
20
20
20
10
10
25
..
....
*
Gas
Bid. I Ask*.
’79.10
’79.10 i70
1736 Aug..’78.5-72 125
120
Jan.. ’79. 6
18
50
5
July, ’77. 5
65
5
Jan., ’77. 5
25
Jan., ’79.:0 130
80 11-45 1250 July, ’78.6 75 170
if*
90,569
3
13,386 10
6
5
87,581 12
150,000
Germania*...
7
6
200,000 -12,658
Greenwich*..
8
3
1,000,000 720,101 10
Grand Centra
500,000 679,890 10
Grocers**...,
8
3
Jan., ’77. 3
200,000 129,778 18
Hanover.....
3
7
Jan
*79. 33$
200.000
321,187 55
14
14
Jan., ’79. 7 193
33,298 10
200,000
10
Irving
8
’79.
4
Jan.,’
115
islanc City'
150,000 137,207 20
63$ Jan., ’78. 3
500,000 599,219 10
12
12
Jan., '79. 4
95,223 10
200,000
Manhattan"
50 2,050,000 1,026,800 F.&A
8
9.
Aug ’78. 4
10
3,000,000
20
2,600 J. & J.
100,000
80
July, ’75. 33$
Hope
150.000
19,135 10
Marine....
5
73,800 J. & J.
400,000
Howard
•Tan., ’76. 5
50
500 OO0
144,783 12
Market
100
8
500,000 277,200 J. & J
732 Jan., ’79. 33$
Importers’* T. 50
260,’odd 108.807 12
Mechanics’
25 2,000,000
9*7.900 J. & J. 10
9
Jan.,
’79.
4
100
Irving....
1953$
41,215 13
200,000
50
65,000 M.&N.
3
500,000
236 Nov., ’78. 2
52
30
200,000 +298,081 10
25
9
59,300 M.&N.
600,000
73s Nov., 377. 3H
Kings
20
20
Co.(Bkn)
)
199,060
150,000
Mercantile.
100 1,000,000
8
6
179,000 M &N.
98
85
Knickerbocker1
40
Nov., ’78. 3
21,508 20
280,000
Merchants’
50 2,000,000
695,000 J. & J.
8
734 Jan.,’79. 33$! 120
121
) 50
150,000 162,772 20
Merchants’ Ex
50 1,000,000
8
205,900 J. & J.
036 Jan., ’79. 2
100
126,421 10
200,000
Metropolis*.
100
01,700 J. & J.
300,000
336
Jan.,
’76.
336
25
51.864 10
150,000
Metropolitan
100 3,000,000
809,600 I. & J
10
id Jan., ’79. 4 115 116
50
Isl.(Bkn.)
)
j-294,756
16
200,000
100
82,700
100,000
1
July,
’78.
3
25
81,5671
10
300,000
100 1,000,000
34,600 M.&N.
6
*63+>
84
Nov., ’78. 23$ 80
100
New Yors.
200,000 201,431 10
100:2,000,000 634,100 J.&J. 10
734 Jan. ’79. 4 117
118
100
250,000 227,280 14
100
<5,8uo r. & J.
200,000
4
8
i’
July ’78. 4
25
200,000 272,201 30
1001 300,000
69,200 F.&A.
8
314
\ug.
’78.
4
183,521 10
) 50
150,000
Ninth
100
41,500 J. & J.
750,000
6
3
Jan., ’77. 3
50
54,368 10
200,000
No. America*.
70
43,800 J.& J.
700,000
7
6
July,
’77.
3
50
20
170.808
200,000
North River*.
50
88,560 J. & J.
240,000
100
Jan., ’79. S3*
114,891 20
200,000
) 50
Oriental*
25
160,400 •I. & J. 12
300,000
11
Jan., ’79. 4*
) 50
200,000 184,751 20
Pacific*
50
214,40c Q-F.
422,700
12
12
Nov.j ’78. 2% ISO
Park
373$ 200,000 115.836 12
100 2,000,000
260,100 I.&J. 10
6
91
]
Jan.,
’79.
3
85
e
210,000 332,142 20
Peoples’*
25
412,500
10
143,600 J.&J. 10
:
Jan., ’79. 33$
e 100
200,000 170,985 20
Phenlx
20 1,000,000
7
J.
& J.
6
147,400
Jan
’79.
90
M
i 100
19,550
200,000
Produce*.
100
198.300
nil.
Inlv. ’7*1 flL.
7 100
50.864 10
300,000
Republic
100 1,500,000
288.800
F.&A.
636 Aug.,’78. 3
i
82
50
St. Nicholas....
500,000 432,403 10
100
8
36,000 F.&A.
636 Aug. ’77. 23$ 70
25
80
I
350,000 125,671 12
Seventh Ward 100 1,000,000
6
300,000
& J.
46,500
J.
3
1
July,
’78.
3
25
200,000 418,974 30
Second
100
300,000
64,700 J. & J. 12
10
Jan., ’79. 4
l
200 000
103,590 20
Shoe & Leather
11
100.1,000,000
&
178,000
J.
J.
10
E
97
20
lan., ’79. 4
150,000 207,114 20
Sixth
100! 200,000
J. & J
8
42,500
7
E
July,’78. 3
112,290 20
50
150,000
State of N. Y.. 100
800,000
193,900 M.& N.
7
E
50
ffov., ’78. 33* 100
1.000,000 656,319 15
Third
..w.... 100
nil.
8
982,700
J.& J.
3
E
100
Jan.,
’78. 3
11,261 5
200,000
Tradesmen’s... 40 1,000,000 326,300 r. & j. 10
9
E
50
Jan., ’79. 33$
61,535 10
200,000
Union
50: ,200,000
677,900 M.&N.
9
8
100
Sov., ’78. 0*
1L50
F epublic..
300,000 +33,061 10
West Side*...
100
8
200,000
8
86,800 J. & J.
100
Jb idgewood
July,’78. 4
73,072 11
200,000
Ei utgers’
25
200,000 209,231 20
100
119,037 123$
200.000
5 The figures in this column are of date December 6 for
ifeguard
the National hanks, and
of date Dec. 14 for
St.Nicholas.... 25
200,000
19,411 10
the State banks.
Standard
50
200,000 169,443 11-6
Star
Gas and City Railroad Stocks and
100
300,000
162,< 22 123$
Bonds.
100
200,000
Sterling
54,227 10
[Gas Quotations by George H. Prentiss, Broker, 30 Broad
Stuyvesant
25
200,000
20
Street. J
*
Price.
.
America"
Bowery...
dates. §
SECURITIES.
Insurance Stock List.
[Quotations hv K. 8. Bailey, broker,7 Pine street.]
Net
Capital.
Dividends.
Surplus,
Companies.
July 1,
Par Amount
1878.*
1875.11876. 1877. Last Paid.
HI
are not
39^
January & July,
do
do
do
do
do
do
May & November.
'In
January
..
Bridge
•Alt Brooklyn bonds flat.
1879-1880; 101
+0
io
do
do
do
do
do
.
do
& July.
do
!
1881-1895 102
1915-1924 T19
1903
119
1915
119
1902-1905 1093$
1881-1895 104
1880-1883 lo3
1880-1885 102
110
1924
1907-1910 108
1
[Quotations by C. Zabriskik, 47 Montgomery St., jersey City.]
jei sty City—
Watei loan, long..
do
Sewerage bonds....
Assessment bonds.
.1870-71.
Improvement bonds
8pr«»n bonds.
1
..
a
6
7
7
7
7
i
January & July.
Jauuary & Juiy.
1895
1899 1902
do
do
1878-1879
Jan.,May, July & ^ov. 1878-1879
J. & J. and J & D.
1891-94
1
(| n
—
>n'1
*”■’
1900
101
107
100
100
106
102
108
101
101
107
•05
loe
.
>
40
|THE CHRONICLE.
TC
[VPL. XXVIII.
Accounts and balances.
Boston Clinton & Fnchburg stock not
exchanged
Total
Construction
AND
STATE, CITY AND CORPORATION FINANCES.
Materials,
ca
312.792
528,000
60,517
Profit and loss
95,676— 7,352,023
The
REPORTS.
1876-77.
$391,869
596,807
29,186
557.660
Net
Net
“
pa«sengers.
$2,241,171
1,209,778
lreigbt
“
mails and express....
Interest
Deducting
taxes
“
...
$226.S36
130,000—
$242,241
on
on
$-<86,631
fanded debt
unfunded debt
$28,276
175,029
94,213— 297,519
.'
$10,887
84,790
•
$95,678
The report says: “ The deficit on this
year’s business arises
from the payment of interest on the ol i notes of the
company,
which have since been converted into
guaranteed stock. As
1,941,656
interest, H. R. & P. C. R.R
$.86,631
:
Total debit balance
$3,852,982
Balance
$1,046,254
804 012
Deficit for the year
Balance from the previous year
26b,831
35,701
Total income
Total operating expenses
follows
was as
683,91#
earnings
Rentals
Intereet
Interest
income—1878.
Transportation of
earnings
The income account
:
28,391
$970,548
Expenses
were as
1877-78.
26,294
29,302
Total
New York New Haven & Hartford R.R. Co.
earnings
$357,291
Mail and exp ess
The annual
8« 4,553
....
Rents, &c
(For the year ending Sept. 30,1878.)
report just submitted furnishes the following
$',990,481
Bonds not sold
single copies of the Supplement are sold at the
The annual interest charge is $206,960.
office, as only a sufficient number is printed to supply regular follows
;
subscribers. One number of the Supplement,
however, is bound
up with The Financial Review (Annual), and can be purchased Passengers
in that shape.
Freight
ANNUAL
..
h and balances
Notes, stock and advances, leased roads
Sinking fund
No
$7,352,023
.......
..
The Investors’ Supplement Is published on the last
Saturday
of each month, and furnished to all regular subscribers of the
Chronicle.
$244,899
41,175
$',911,326.
explained in
our last report, the note holders finally determined
stock,
provided 4;hat the holders of not less than
Balance net income.
$1,554,489 $700,000 of the Boston Clinton &
Fitchburg 8 per cent bonds and
The capital expenditure accounts have been increased
during Mansfield & Framingham 8 per cent notes would reduce their
past year $39,953 for new tug and cars. There has been no rate of interest to 6
per cent, thereby relieving the company of
change in the contingent account during the past year.
$17,400 annual interest. This arrangement was consummated
Transportation statistics for the year are as follows :
Feb. 14, 1878, by the surrender of $848,000 out of
$870,000 8 per
Total number of passengers...
cent
notes, and the stock was issued on that date. The net
3,525,468
No. of passengers moved one mile
105,458.051 earnings of last year would leave a
Tons of freight moved
surplus of $45,000 after pay¬
898,799
Tons of freight moved one mile
45,5:t4,t54 ing the present entire interest account, both bonded and floating.”
President Bishop remarks : “ The income of the road for the
New Haven & Northampton Railroad.
year ending September 30th, 1878, was $3,852,982, and the net
(For the fiscal year ending September 30, 1878.)
earnings, after payment of operating expenses, taxes, interest,
The annual report gives the
following information :
&c., $1,554,489. It will be seen that, compared with the preced¬
The
of the company have been as follows—
ing year, there has been a falling off of about $101,000 in gross Freight receipts
train earnings
.[$377,961
receipts and about $47,000 in net earnings. The gross receipts Passenger tiain
earnings
151,656
of the Shore Line Railroad for the
year were $317,978 ; the Rents, &c
18,581
expenses, including rent and all other charges incidental to
oper¬
Tctal
$548,199
ating, were $316,439, leaving a net profit of $1,539. Your road
—being
a reduction of $16,167 from the receipts of the
and equipment have been
previous
kept in their usual excellent condition.
year. There has also been a reduction in the expenses of $10,243,
The tracks of the main line from Harlem Railroad Junction
to
which, with the reduction of $2,695 in interest and taxes, makesi
Springfield, of the Shore Line from New Haven to New London, the
result about the same as the
and of the Harlem River Branch, are now
previous year.
completed with steel
Duriog the year trains have run 383,213 miles without serious
rails, except about eight miles, which are laid with steel-capped
accident or damage,
rails.”
.transporting in the cars 268,243 passengers^
and 273,437 tons of merchandise, or
5,455.832 passengers and
CONDENSED BALANCE SHEET OF THE N. T. NEW
HAVEN & HARTFORD R. R. 00.,
11,889,310 tons of merchandise one mile, at prices averaging 245
OCTOBER 1, 1678.
cents per mile for each
Dr.
passenger, and 3 31 cents for each ton of
Cr.
coupon
556,816
to take the
.
.
.
.
.
Coat of railroad
Equipment, engines,
tug and barges
$12,689,584
cars,
Capital stock, 155,000 sh’rs $15,500,000
Coupons unpaid (H. R. &
freight.
•
Tue directors contracted with the
Keystone Bridge Company
replace the four bridges at Southampton, Westfield and south
of Collinsville Station with
wrought iron bridges of the pin and
link truss system.
These bridges will all be completed before
414,428
necting roads
302,644 January, 1879, at a cost, with the
changes in masonry, of $45,000,
Contingent account
16^,261
which will be charged to repairs of bridges.
73,110 Profit and loss
1,949,376
197,271
Negotiations with the Holyoke & Westfield Railroad Company
resulted in a supplemental contract, dated
May 5, 1878, by which
the New Haven & Northampton
connecting roans
1,507,029
company a jreed to guarantee
sixty bonds of the Holyoke & Westfield Railroad Company, of
Total
Total
$17,924,841
$17,324,841 $1,000 each, bearing interest at the rate of 6 per cent, and payable
SHORE LINE DIVISION
twenty years from date. The lease was modified so as to provide
The receipts on this division for the
for the payment of the cost of operating the branches when con¬
year ending September 30,
1878, have been :
structed, and the interest of the bonds to be issued. A contract
was also made with the
Holyoke & Westfield Riilroad Company,
Transportation of passengers
$225 423
by which this company agreed to construct the three proposed
freight
b3ll66
.mail*....
branch tracks—about four miles in
11,967
length—with suitable turnouts
express, &c.
17,421
at the various mills, and to receive in
payment therefor sixty
Total income
bonds of $1,000 each.
The branch tracks, when completed,
$317,978
2,154.454
560,274
128,688
Real esta:e
Docks and wharves
Materials and supplies on
hand
Materials and supplies on
hand S L. division
Debit balance S. L. divis’n
Cash, cash assets, loans,
and due from agents and
P. C. R.R.)
Bills payable
Accounts payable.Sept.pay
roll and Balances due con¬
560
to
3,000
*
“
‘
...
“
The expenses have been
Ordinary repairs
:
$143,3^6
53,13*2
110,000—316,439
Steel rails
Rent
Gain for the year
$1,539
Boston Clinton &
(For the
year
Fitchburg.
ending September 30, 1878.)
of this railroad to the Old
Colony,
since the close of the fiscal
year, the
which has been made
lessee, is to assume the guarantee of 6
per cent interest on the
bonded debt of the lessor. The
earnings are to be pooled, and 36
per cent will be set aside as representing the consolidated busi¬
ness.
Of this percentage, the Old
Colony will receive two-thirds
and the Boston Clinton &
Fitchburg
an
one-third, which is
equiv¬
alent to the latter road of 10 2 3
per cent of the gross earnings.
From the last annual report of the B. C. & F.
Company, the
:
The balance sheet shows—
Common stock
Preferred stuck
379 <3^
i’?50,
* Total
stock
;...
Bonds
Bills payable, eecurod by pledge of
not
$528,000 bonds
sold... I.
.
.A
Holyoke, and cahnot fail to add largely to the business of the
road,
Nothing has been added daring tlie year to the cost of the
or equipment, all
improvements having been charged to the
current expenses for operating and
maintaining the roai.
road
CONDENSED BALANCE
By the terms of the lease
following is oh ained
will enable this company to receive in and deliver from its
freight at nearly every mill or mill-site in the city of
cars
00
$3,047,700
8,169, 00
846,14i
SHEET, SEPT. 30, 1878.
Dr.
Co«t of road
Cost of tqu pment
$4,005,281
796,515
Holyoke & Westfield railroad stock
Materials, etc., ou hand..,.
Ta?h and balances due
Real estate account
.
20/00
57,753
:.
61,270
4,875
—
Total
$4,915,695
Cr.
Capital stocK:
$2,460,000
1,29K,C00
First m rtga^e 7 per cent bonds, 1879....
Convertible 6 per cent bonds, 1360
C nvertioie 6 per cent bonds, 1882
eills payable
Coupon-, $19 000. maturing Oct. 1
Unclaimed dividends.
Balances due < ther roads and persons
Income and expenditures account
Total..
.
400,000
485,000
210,900
.;
21.375
/
1,907
2,811
67,70
..$4,945,695
•
-v
THE CHRONICLE.
January 11,1879. j
Portland & Rochester Railroad.
and anxiety to those who are at present intrusted with the
administration of our municipal affairs, I am far from saying
there is anything exceptional in our situation as compared with
that of other cities.
(From Septanber 1, 1877, to September 30, 1878.)
The fiscal year formerly closed August 31st, but, in conformity
with the Maine law providing for uniform returns, it now ends
on the 30th day of September.
The receiver’s report has the
“
I invite your attention to the following recapitulation of the
city debt and the changes which have occurred in the various
items within the eleven months commencing on the 1st of January
EXPENSES.
The earn*ngs were as follows for 13
against 12 months in 1876—’77.
months this
last and
year
ending
on
Net earnings
Per cent of expenses
18:7-78.
1876-77.
$148,151
118,816
$163,696
109,500
80*20
$16,897,000
Temporary debt
10,293.0A
ll,216,5rO
Totals
Less sinking
2,500,000 '
i
$666,011
-
A”
70 ,000
ortland <fc Roche-ter 7 per c*nt bonds
350.C00
ity of Portland bonds “ B”
450,000
Bills payab’e, ii eluding notes given by receiver, and due sundry per¬
sons and accounts, a part
being .estimated, less cash and due from
agents, and material on haud....59,155
lty of Portland bonds
Total
$2,135,466
Cleveland & Pittsburg Railroad.
{For the year ending November 30, 1878.)
President McCullough’s annual report furnishes the following*
The receipts and expenditures pertaining to the period previous
to the lease are :
Total
The
$7,221
receipts
on account of
bursements of the same, are as
$650
431
39
Miscellaneous
Total
Leaving
a
$1,120
$6,100
surplus of.
guaranteed income, and the dis¬
follows:
Qn account of rental provision for interest, sinking fund, &c
The disbursements are as follows—
Mortgage iuterest
$343,275
;
Dividends
Consolidated mortgages
..
$!,207,657
786,869
60,M5
...
.'
Construction and equ pment bonds
16.575
$40,9C6,5C0
4,6t'6,747
Grand Totals
Increase within the year
$36,239,753
December
1878.
1,
$18,185,000
11,216.500
9,756,000
3,100,000
$42,257,000
4,781,978
$37,475,318
$1,235,666-
THE EAST RIVER BRIDGE.
He says: “ There can be no two opinions as to the urgent necessity of a
speedy completion of the East River Bridge. Whatever may have been
originally the true ground as to the wisdom of building this expensive struc¬
ture, or as to the manner of its construction, both cities, and especially
Brooklyn., have now too much money invested in the enterprise to tolerate a
snggesiion that the work should be either abandoned or suspended,
Brooklyn has already outstanding bonds to the amount of $7,400,000, and New
York has also outstandiag bonds to the amount of $3,000,000, the proceeds of
whic h have already g» n 3 to the erection of the bridge. It is quite clear that
a further expenditure of less than $4,000,000 will complete the work.
From
the foregoing views you will anticipate that I favor a resort to the Legislature
for such an act as will terminate a fruitless litigation and enforce a speedy
compieiion of the bridge, pursuant to the understanding which has from the
first acc< mpanied its construction.”
Hrt invites attention to the report of the Department of Assessments, which
states the assessed valuation of the new buildings erected within the year to
be $3,0i-'7,300, which shows that “builders retain all their old confidence in
the future of the city.” The rate ot taxation for the current year is $2 70, a
reduction of about one-fourth Within four years.
Chesapeake & Ohio.—The aunual meeting of the stockholdersheld at Richmond January 7.
President Huntington, in his
EXPENDITURES.
Right of way
T e*;al department
....
fund
lowing is a correct statement of the indebtedness of the company,
September 30,1878, not including overdue coupons, viz :
INDEBTEDNESS.
1878.
Permanent debt
Water loan
Tax certificates
I
Since February 1, 1877, this property has been in the hands of
a receiver.
The maturing coupons of the funded debt have not
been paid, nor entered upon the books as a liability, hut the fol¬
RECVIFTS.
January 1,
.
$2
$29,335
Interest on cat-h balmces
$1,805
Dividend on Massillon & Cleve¬
land Railroad stock
3,125
Interest on boncsln trust
1.400
Miscellaneous sources
890
the 1st of December, 1878:
->
Gross earnings
Expenses
Capital stock
THE CITY DEBT.
“
following:
RECEIPTS AND
41
was
report, said: “ While the business of the road is steadily in¬
creasing, your President and Board of Directors are more fully
than ev^ before impressed with the fact that connection with the
Western system of railroads and an eastern extension to deep
be had before the success of the road can be fully
A small percentage on the securities you now have in
water must
assured.
the Chesapeake & Ohio Railway Company invested in the secu¬
rities of a line to connect with the Western system of roads
would enhance the value cf present holdings more than the
amount called for by the new investment
necessary to make this
important connection.”
Second Vice-President Wickham’s report
shows that the total
$1,935,360, and the total operat¬
Total
$1,206,501 ing expenses, $1,594,739, leaving a balance of earnings over
Balance
1,156
operating expenses of $341,621. The increase in the gross earn¬
The total expenditure has been $48,095, of which $33,095 wag ings over those of the fiscal year 1876-77 is $233,827.
on account of the purchasa of bonds and $15,000 on account of
The following directors were elected for the year: C. P. Hunt¬
the purchase of equipment bonds.
ington, A. A. Low, A. S. JEIatch, Elias S. Higgins, David Stewart,
Income has been received during the year from the Government Pliny Fisk, William Whitewright, Jr.f John Castro, Jonas G,
securities in sinking fund amounting to $2,047.
Clark, John Echols, and William C. Wickham.
Two thousand tonsjof steel rails and 130,000 cross-ties have
Chicago Pekin & Southwestern.—The United States Circuit
been put into the track.
Court in Chicago, January 2, made an order directing Receiver
All the cars destroyed in the Pittsburg riots in July, 1877, have
Hinckley to file within ei± days a report showing all money
been restored to the service.
received and paid out by him since the date of his last report.
The main line between Cleveland and the Ohio River is now
Maintenance of organization
9,; 66
all laid with steel rails, except
work-house north through the
Alliance and Bayard.
five miles from the Cleveland
city, and twelve miles between
The financial condition of the company
is shown
as
follows:
Construction.
.
Machinery and tools
...
Personal property
$12 937.r66
3,375.7*4
In?,f24
5‘‘,1 2
23,270
Telegraph line
Total
$16,488,718
The total assets
$929,692
are..
CREDITOR,
The total capital is...
..$11,244.036
The total funded debt is
5,059,3 i3
The report closes as follows:
**
The income of your property has
able degree through the depression
been sustained in a remark¬
following the revulsion of
1873, never falling below a clear net revenue of five per cent to
the lessee, and averaging six and four-tenths tier cent for the
five years, after payment of all obligations, sinking fund con¬
tributions included, while stockholders have regularly received
the Beven per cent income guaranteed by the lessees. Few, if
any, railroad properties exhibit so good a record for the same
period.”
GENERAL
INVESTMENT
NEW’S.
Allegheny (’ity. Pa,—A recent statement from the comptroller
shows that
the
year were
Connecticut Talley.—This railroad, it is reported, will pass
under the control of the first
mortgage bondholders, who will
stock company with $1,000,000 capital. The Valley
road was opened to travel on the 1st of July, 1871, from Hart¬
ford to Saybrook Point, a distance of about fifty miles.
In
January, 1869, the State Treasurer took possession of the road As
trustee for the first mortgage bondholders, the others holding a
secondary interest in the property,having a year within which to
redeem it or make some satisfactory arrangement.
This time
expired on the 9th of January, and at that time the State Treas¬
urer was to bring to the Superior Court a petition for foreclosure.
organize
DEBTOR.
Equipment
earnings for the fiscal
a
Cumberland & Ohio.—The Spencer Courier says of the con¬
tract recently entered into between this road and the Louisville
Cincinnati & Lexington R.R. Co. for the completion of the C. &
O. R.R., that the L. C. & L. R.R. agrees to
build the road from
Eminence to
Bloomfield, the whole of which road is to be mort¬
gaged, and to issue mortgage bonds to the amount of $350,000.
These bonds are to be taken by the L. C. & L. Co., and sold at not
less than 85 cents
the
dollar, and the proceeds of the bondatcr
applied to the building of the road from Eminence to Bloom¬
field. The net earnings of the road will be applied ro the pay¬
ment of the interest on the bonds.
Should there be any balance
of earnings, the L. C. & L. Co. retain one-tenth and pay over to
lessor the remaining nine-tenths.
The contract is yet to be rati¬
fied by the stockholders of the C. & O. Company.
on
be
Delaware Division Canal.—The Philadelphia Ledger says of
new terms agreed upon for the lease of this company to the
Lehigh Coal & Navigation Company. ‘‘The present rental yields
the
beginning of the year the bonded debt wap a dividend of 8 per cent upon the capital plock of the Delaware'
$1,794,000; during the year $42,000 renewal bonds have been Division Canal Company, in addition to the interest on their
issued at 4£ per cent and $114,000 of bonds redeemed, makiog a
bonds. This dividend is now reduced one-half, viz., 4 per cent
net reduction of debt of $72,000.
The levy for water reds was instead of 8 per cent. For
time half-yearly dividend periods,
$138,119, and for city and business tax $201,631, on the following commencing in February next, tbe lessors agree to accept 5 years’
valuation: Real property, $38,637,506; personal property, $719,interest-bearing scrip, and for the two periods succeeding, one-half
170; occupttions, $6 983,820; total, $46,340,496. The valuation in scrip and one-half in cash, the interest on the bonds to be paid
for the next year will be about the Bame.
in cash as heretofore, and they are to have the privilege of
Brooklyn City Debt.—Mayor. Howell says in his message: converting their stock into the stock of the Lehigh Coal & Navi¬
While our financial situation iB such as to occasion great concern gation Company. This settlement which is to be submitted ta
“
at
f
i)
42
THE CHRONICLE.
“•r.
;
.
*
‘•
[Vol. xxviir.
the stockholders of both companies for
confirmation, will effect a debt); from Baltimore & Ohio Railroad
saving of nearly $70,000 annually to the Lehigh Coal & Naviga- adjustment act of
Company, by terms of
1878, $100,911. The productive capital of the
tion Company, besides the immediate financial relief
afforded by State on September
30, 1878, amounted to
the scrip payments.”
and the un¬
productive to $23,763,430 ; the total funded $6,031,721,
debt on which interest
had to be provided was
Fast-Bound Freight Pools.—An important
$10,772,912, as an offset to which the
meeting of the
'-oint committee of the trunk lines and the. Western
railroads was
held in New York on
Thursday. It was the first session in this
city of the joint executive committees—the consolidation having
been recently effected. The Tribune
State held stocks and bonds to the
amount of
$4,735,824, leaving
balance of $6,037,088,
against which the State holds her unpro¬
ductive stock, $23,762,430, and
$1,430,000 due from accounting
officers and incorporated institutions.
During fiscal year the
debt was reduced bv
redemption and
a
reports of the meeting that
Commissioner Fink presided, and N.
Guilford, of Chicago, acted
as secretary.
The object of the conference, as announced, was
to .'arrange the details
for Western pools on
East-bound
exchange $479,777.
Metropolitan Elevated Railway.—The American Exchange
a syndicate has been formed
reports that
freight. It was stated that at the meeting of the committees in
December, at Chicago, after a session of several days, it was
to
of the
ment
negotiate the bonds
An arrange¬
Metropolitan Elevated Railway Company.
was made last week
with the New York Loan &
agreed to form an East-bound pool, the representatives of ment
Improve¬
Company by which the syndicate took $1,000,000
other places claiming that it would be
of the
impossible to maintain Metropolitan Company’s bonds,
paying
cash for them, with
pools until Chicago, which was regarded as the
key to the situa¬ options to take $2,000,000 bonds at
tion, should take the lead. It was agreed that the new
any time after Jan. 1, 1879,
pool and an additional $2,000,000 bonds at the end of the
•should go into effect on December
year.
It is
19, the managers of the vari¬ stated that
nearly all these bonds have readily been placed by
ous roads in the meantime to
agree upon division of traffic. Thus the
syndicate at prices ranging from 93£ to 98.
far, it was said, no arbitrator had been agreed
—The first
upon, each road
mortgage bonds have just been placed on the
•demanding that its nominee be accepted. The statement was
regular ” list of the New York Stock Exchange, and the official
Also made that the
pool was in effect and would be continued. statement has the
After an animated discussion it was
following :
agreed to submit the selec¬
Amennt of first mortgage bonds authorized to
tion of an arbitrator to Presidents
be issued, $600,Vanderbilt, Jewett, Scott and
'Garrett, of the trunk lines, the appointment to be made on next 000, or £120,000 per mile; amount of bonds actually issued,
$3,000,000, or £600,000, in 3,000 coupon bonds of
Tuesday.
$1,000, or
£200 each, numbered from 1 to
The report from St. Louis roads was
3,000, dated July 1st, 1878, and
that the pool was
satisfactory, and it was decided that the existing traffic divisions maturing July 1st, 1908, bearing interest at the rate of 6 percent,
pavable semi-annually on the 1st of January and 1st of
should be renewed for another
year.
July,
Reports from the Cincin¬ principal and interest
nati and Indianapolis roads were
payable in gold coin. These bonds are
favorable to the pooling of Eastengraved. Trustee, Central Trust Company.
bound freight, allotments to be left
Length of road
to arbitration.
The projected, 20 miles double track
-committee yesterday decided that the
; length of road actually built,
selection of arbitrators 6| miles double
track. - Equipment, 35 locomotives and
should be left to the roads
100 pas¬
directly interested. The Peoria senger cars.
roads were reported to be favorable to a
pool, but as they failed
ASSETS.
to agree upon a division the
joint committee selected three
ft rbitrators to visit Peoria and
Construction, equipment, stations and real estate....
*.
adjust the allotments. The pools Patents, «fec
$10,000,000
i
the other Western roads were
Cash deposited with the New York Loan
655,000
as having been
reported
and Improvement Co....
;
Cash on hand
321,959
ranged.
37,067
The export business was next
Supplies
considered, the object being to Agents (balances)
14,859
so equalize the
772
through freight from the West to Boston, Phila¬ Operating and general expenses, damages and
maintenance.
274,857
delphia, Baltimore and New York as to establish uniform
freight
Total
-charges. Without reaching any conclusion, the joint committee
$11,293,815
"
i
adjourned until 10 A. M. Friday.
LIABILITIES.
Kansas City & Santa Fe.—This road is to be sold
Capital stock in the hands of the New York Loan and
in Topeka,
Improve¬
ment Company
Kan., February 4, under a decree of foreclosure. The road
$3,155,000
is First mortgage six per cent gold bonds New York Loan
leased to the Leavenworth, Lawrence &
and Improvement Company
Galveston, forming that Second
•company’s Kansas City Branch.
mortgage seven per cent Inc. bonds New York Loan and 8,000,000
Improvement Company
Louisiana state lvebt.—Governor Nicholls
4,500,000
devotes much Passenger traffic
638,759
apace to the finances, in his
Rents,
&c
;
message, and the press^despatches
55
report the following:
.
?
---
“The collection of revenue from
5% mills tax not having been
the pajment of the interest
adequate to
coupons due on the 1st of
January, 1879, they have
.remained unpaid. Deeply
ajB I deplore this result, I was powerless either to
avert or remedy it.
The fact that the money is not in the
Treasury to pay
promptly all of the January coupons of
^^imposes upon you the necessity
-of adopting immediate
legislation for an equitable distribution of the
funds
now on hand and to accumulate
hereafter, and the occurrence of a deficiency
points to the necessity and impo-es the
obligation of
such steps as will
-secure the full and
just enforcement of the provisionstaking
of the fuuding act, and
'for providing means for the
payment of the consolidated debt. I have
stated that, in my
opinion, tne failure to promptly pay the interestsalready
on out
-consols resulted this year from the
ill-considered provisions of the epidemic, and in some respects from the
funding act itself. I believe also that it is
Attributable greatly to the
insufficiency of the lawr egarding the assessment
of property and the collection
of taxes.”
Maine State Finances.—The
report of the State Treasurer
*«hows the receipts during the
year to have been
$1,200,100; cash
•in the
dur’ng the year 1873
Treasury December 31, 1878
Total
The present amount of the
sinking fund is
The estimated expenditures for 1879
are
Total resources of the
1879,
are
State, including cash in the Treasury,?Jan. 1.
'Total liabilities
$638,759
889,670
Net income
.
$349,089
—
Officers—President, Wm. R. Garrison ; Vice-President, John
Baird ; Second
Vice-President, Wm. Foster, Jr.; Secretary and
Treasurer, John E. Body. Directors—Wm. R.
Garrison, John
Baird, Wm. Foster, Jr., Geo. M. Pullman, Jose
F. Navarro,
Horace Porter, Fausto Mora, John P.
Kennedy,
J. For¬
George
rest, Chas. H. Clayton, Wm. Adams, Jr.
Missouri
River, Fort Scott & Gulf.—This road will be sold
Topeka, Kan., February 4, under decrees of foreclosure of
the
mortgages of 1869 and 1870, granted by the United States Circuit
..$1,273,376 Court. The
plan of reorganization proposes to give the first157,253
mortgage bondholders $4,000,000 new bonds, and the balance of
$1,430,632 their claims in preferred stock, the
second-mortgage bondholders
1,032,995 to have common stock for
*
Treasury January 1, 1878, $230,582; total, $1,480,632.
Expenditures
Cash in the
Earnings—From June 5 to date
Expenses—(Operating and j general), discounts, damages
$11,293,815
...
.
in
their bonds and overdue
coupons.
1,191,811
1,489,9-4
8,370,557
New York
&
Oswego Midland.—Some
been made in the
reorganization plan, which
of recognizing the stockholders and
amendments have
in
the direction
day of January, 1878, the funded debt of the State
holders of second
mortgage
$5,873,900. Since that date $25,000 have been
bonds, equipment bonds, consolidated bonds, and
floating debt.
deducting which, and the sinking fund of $1,033,995, leavespaid,
The agreement had not been
the
positively signed by both commit¬
present debt at $4,815,905. The State tax
tees, and there was a slight difference of
is\830,007. Deficiency was
opinion as to whether it
of revenue to meet the
or was not to
ordinary expenses of the State, as shown
Rtop the proceedings pending in the United
•by the above statement, is $223,276. Estimated
States Supreme Court
As amended, the
receipts for 1879
are $1,126,319;
reorganization scheme
and if the expenses aggregate about the
covers the
following
points
:
same
as
n 1878, there will be a
1. Issue of $200,000 first
deficiency of about $150,000 to be provided
mortgage bonds by the successor
for in addition to a
of which are to be taken
company, $130,000
temporary loan of $150,000.
by the receiver’s certificate holders,
equal to a cash
assessment of 8 per cent, and the
remainder,
$
Maryland State Finances.—The report of Thomas J.
0,000, are to be taken by the
first mortgage bondholders,
equal
to
cash
a
assessment
of
1 per cent.
comptroller of the treasury of Maryland, for the fiscal Keating
2. Issue of $2,000,000
preferred stocs. for the principal and interest
year end
of the
present receiver’s certificates to January
ing September 30, 1878, shows that the total
1,1879, the stock to be entitled to a 6
receipts
of tin
per cent dividend, af *er the new first
treasury were $2,295,263, and the total disbursements
mortgage bonds, principal and interest,
are paid off, and a
$2,489,079 latter
working capital of $50,000 has been accumulated.
an excess of
The
expenditures over receipts of $ 93,815. The
in relation to the capital to be
clause,
bal»nc<
accumulated before the new
in the
stock
On the 1st
amounted to
are
*
treasury
proper at the close of the fiscal
year 1877 wai
at the close of the last fisc 1
year $204,165, which
with special balances of
$2,457 to the credit of the free echoo
fund, and $8,215 to the credit of the
sinking fund, made th(
total credits on
September 30 $214,839. The receipts from the
^ordinary sources of revenue were $1,747,498, a
falling off frou
1877 of $91 017. The
.“$397,981, and
receipts from
other than
ordinary
$547,765. realized from the following sources:
From
the sale of $250,000
treasury relief bonds, with six per cent
nterest coupons
attached, authorized by act of the Legislature ol
.878 making, with premium on the
same
to $12,500
<five per cent net above par), $262,500; fromamounting
sale of Maryland State
loan stock, $183 580
applied o payment of the over due
amounted to
sources
sterling
receives a dividend, is an addition to the
old plan.
3. Issue of $1-1,00 *,000 common stock
for the principal and
first
mortgage bonds to January 1, 1879.
interest of the
4. Creditors of the
company—under which head are embraced the
of second
holders
mortgage, equipment, and consolidation bonds and
have the option of
receiving common stock in the successor floating debtcompany for the
par value of their securities, on the condition of
paying a cash assessment of
20 per cent.
5. The present stockholders of the
company may receive new common
stock for the par value of iheir
securities by paying a cash
assessment of 20
per cent.
6. The moneys received from the
junior security creditors and stockholders
assessments to be used to
extinguish the new mortgage of
$200,000 The three foregoing provisions were
noi features of the old
plan.
7. In the election of the directors of
the successor
company, the preferred
stockholders to select eight and the common
stockholders five, until a divi¬
dend has been earned and paid on the
common stock, after which
time both
das-es of holders are to be on an
equality in regard to choice of officers.
inpaymeutof
January
THE CHRONICLE.
11, 1879.]
New York State Finances*—From the annual report of Comp¬
troller Olcott
we
have the
been made
General fand
Canal
It is stated that " it has been
that was in arrears last
was
debt
Bounty (not presented for payment)
business,” which is the excuse for a meagre financial
The following is a
copy of the report submitted:
statement.
COMPARATIVE STATEMENT—ASSETS AND
LIABILITIES.
11,000
Total
impossible to write up the work
May, and at the same time enter up the
current
$122,696
9,020 360
*
very much more
advantageous to this company. This
a prosperous future for
your company is
the modification of the contract with the
Panama Railroad, hut efforts to that
end have not as yet been successful.”
DEBT OP THE STATE.
September, 1877. the total funded debt
$10,957,054. On the 30th September, 1878, the total funded
was $9,154,054, classified as follows :
Liabilities, April 30, 1876
Assets, April 39, 1876
$9,154,054
$2,157 158
990^065
*
The
general fund Slate debt is all paid, and the item of
Liabilities over assets
$122,694, included above, represents the amount required to yield Liabilities, April SO. 1878.
at the rate of sit per cent, the sum
necessary to pay the Indian Assets, Aprii 3}, 1878
A balance of $1,012,328 in the canal
annuities.
sinking fund
Liabilities over assets
leaves the amount of that debt
unprovided for, September 30, Liabilities, December 1, 1378
1878, at $8,008,031.
Assets, December 1, 1873
$1,167,092
.>
The State debt, on the 3Cth September, 1877, after
deducting the
unapplied balances of the sinking fund, amounted to
$8,707,663
On the 30th September, 1878 (including $122,691),
to
Showing
net contributions to the sinking fund of
The actual reduction of the debt
duriDg the same period by cancel¬
lation
Liabilities
Liabilities
Liabilities
8,130,726
being
The gross
The gross
'
valuation of taxable property in 1S63
$1,766,089,140
2,738,378,6C0
was
was
Increase in ten years.
—
Decrease of valuation of 1878 compared with 1877
$972,289,460
present valuation will
says: “ It has subsequently proved that
these sums covered amounts as assets that can never be
realized,
and also amounts that were not real liabilities
; and after elimin¬
find that at that date the liabilities were
$2,157,158; cash assets, $990,065; liabilities over assets, $1,167,
092. These figures are believed to fairly represent the condition
of the company at that time”
(April 30,1876). In reference to
the administration of President
Clyde, until May 31, 1878, he
we
says that no statement of liabilities and assets taken from the
books was given to the stockholders. At the end of the first
year
apparent decrease in
a large
part
following sources, viz.: Sale of
$206,000; sales of three old steamers,
an
liabilities of $1,185,058, but it is omitted to state that
of this sum was derived from the
Hong Kong,
$49,000; reduction of the coals
and stores at agencies of $187,139,
receipt from the United States Government of $375,000 sub¬
sidy, amounting to $817,139. After mention of the transactions
with the Panama Transit Steamship Co. the circular continues :
and
“On February 1, 1878, the famous purchase of the Panama Transit
made by this company, and while it is difficult to characterize this ships
trans¬
action as it deserves, it is sufficient to tay that the sum
agreed to be paid was
fifteen to twenty dollars per ton more (on the increased
tonnage above alluded
to) than the best modern ships of equal tonnage could have been built for at
that time.
was
“
$9:15,*46
$2,122,839
!
1,873,911
$238,428
$945,246
1,350,000
$404,753
$2,039RH
Railroad.—Judge
Harlan authorizea the statement that there is
no truth in the
report that he had decided the case of the Columbus
Chicago &
Indiana Central Railroad
Company against the Pennsylvania
Railroad Company in favor of the former. He
says he has not
yet made up his decision, nor has he even intimated to
any one
his views on the question at issue between the two
companies.
It will be some time before his decision will be
rendered.
Steamship Company.—President Bab sock, of
only $719,057, the circular
t
*
2,112',339
...
Pennsylvania Railroad—C. 0. & I. C*
the Pacific Mail Steamship
Company,‘has issued a circular, rather
than a report, addressed to the stockholders of the
company. It
is unaccompanied by any statement of
earnings and expenses,
and only by the briefest
summary of assets and liabilities. He
refers to former reports as
misleading, and after referring to the
report of President Dillon for the year ended April 30, 1876, that
the liabilities of the
company exceeded its available cash assets
real estate at
$1,878,911
$1,167,092
Total
*
(April 30, 1877), the annual report shows
($78
..
Total 2 17-50 mills.
ating such amounts,
assets, Decembei^l,
assets, April 30, 1876
assets, April 30, 1878
owing to the Panama RR. Co.,
payable $20,000 monthly, commencing Feb. 28, 1881
$1,400,000
$15,000 monthly, commencing this date
215,090
Also, notes maturing monthly to May, 1879
154,411
To the Panama Transit S. 8. Co.,
payable in monthly instalments,
commencing July, 1879, and ending January, 1881
270,000
following rate of
taxation, viz: For the general fund, 1 127-1000 mills; for
schools, 913-1000 mill ;^for deficiency in canal debt sinking fund,
Pacific Mail
830J85
Actual decrease in two years
Of the above indebtedness, there is
$17,361,718
For the ensuing fiscal year, I recommend the
300 1000 mill.
over
$2,112,339
$2,704 896
Decrease in liabilities from April 30,
1878, to Nov. 30,1878
Increase of liabilities over assets for two years
ending April 30, 1878
Panama Transit S. S. Co. ships purchased
The State tax for the current fiscal
year is 2 9-10 mills for the
following purposes: For schools, 1 69-1000 mills, per chapter
289, Laws of 1878 ; for general purposes, 1 531-1000, per chapter
289, Laws of 1878 ; for canals, 3-10 mill, per chapter 140, Laws
of 1878.
Total, 2 9-10 mills.
The above tax of 2 9-10 mills on the
yield $7,941,297 94.
over
cash
Increase...
Liabilities over assets, April 30, 1878
Liabilities over^assets, December 1, 1878
1,803,000
valuation in 1878
over
$2,962,352
850,013
.
$576,937
TAXATION AS8E8SMKNT8.
Pennsylvania State Finances.—The
annual
icport of the
State Treasurer shows that the
public debt on December
1,1878,
$21,586,200, having been redneed during the fiscal year
$1,068,193. The assets of the sinking fund amount to $8,504,899.
The receipts of the Treasury for the
year have fallen $189,882
was
below the estimates of former treasurers, and the
expenditures
have exceeded the estimate $281,933.
For the
appropriation
June 1, 1878, to May 31, 1879, the Legislature had
appro¬
priated $6,595,841. Undetermined appropriations to be met
within that time will swell the amount to
$7,502,472. About
$430,000 of this sum will go over to future years, leaving
$7,072,472. Of this sum $3,025,466 has been paid, and $644,000
more is provided for
by the revenues of the sinking fund leaving
to be paid out of the general fund before June
1, $3,403,006. To
meet this there was in the general
fund, December 1, $50,486.
It is estimated that the general fund
receipts will amount to
,600,000 by the end of the appropriation year, which will leave
a deficit of
$1,752,519 on May 31,1879. The Treasurer es'imates
that the expenditure for the general fund for the
fiscal year
ending November 30, 1879, will exceed the revenues $697,000.
There was paid during the present year, on account of the riots
of July, 1877, $584,811.
year,
“
Pittsburg City Bonds.—The Philadelphia Ledger says: “The
conference of the special committee of the finance committee of
councils with capitalists of the city of
Pittsburg, with regard to
placing
of the proposed temporary loan bonds in that city,
The conference was private, but it has
transpired that the following Resolutions were unanimously
was
some
held
on
Friday.
At the same time (February 1, 1878), and in consideration to the
Panama
Railroad Company for the loan of its bonds in
payment for these vessels to
adopted :
the amount of $1,000,000, a bill of sale was made to that
company of the five
Transit Company’s ships, and of all other ships of the
Resolved, That the finance committee of councils be
company (eight in
to include In
number) engaged in ihe trade between here and San Francisco; and as further the tax levy for 1879 a sufficient amount to cover requested
the interest accruing,
security, a mortgage for $250,000 each on the steamships City of Sidney and and the temporaly loan maturing, this year on the Penn avenue
bonds,
City of New York. And this was not all. In the eame instrument,
not exceeding $700,000.
covering
the above transaction, and a part of
it, it was agteed that the Pacific Mail
Resolved, That the representative? of the Clearing Honse and of ths Cham¬
Steamship Company should pay to the Panama Railroad Company, as its ber of Commerce here present pledge themselves that in case councils provide
share of the business between New York and all
ports north of Panama an as suggested in the first resoluiion, to endeavor to place one-third of tke
arbitrary sum of $70,000 per month, besides 33 per ceU of the South American temporary loan contemplated of $1,100,000 or $1,209,000 among the banks and
business, and 50 per cent of the business to Panama, amounting, itcluding capitalists of this city. the lighterage, to about $100,000 per month.
“Itis claimed that the equivalent to this
The amount of defaulted interest and overdue
company in this arrangement
temporary loa®
was the cancelling by the Panama Railroad
Company of its contract with the bonds payable now is about $1,100,000. The total of interest
Panama Transit Company, and its transfer to the Pacific
Mail, and that the and
temporary loan becoming due this year is about $700,000*
sum of $70,000 per month was only the fair proportion which would accrue to
the Panama Railroad, if four ships per month were run between New
The bankers insist that the whole amount
York
coming due this year
and San Francisco, whereas the Pacific Mail Companv,
being subsidized by be included in the tax levy, otherwise none of the temporary
the overland railroads, could
only run two. To this it may be said that run¬ loan can be placed there, as there must be some
ning four ships monthly involved the loss of all subsidies and the cutting of
disposition
shown by the city to pay her debts. If this levy is made
rates to a point which under no circumstances could
yield to the railroad com¬
they
pany a revenue of much, if any, more than one-half of the sum,agreed to
be think that possibly the entire amount of the loan can be placed
paid.
“
It may thus be seen that ou the accession of the
present management the
affairs of your company were in a deplorable condition. The indebtedness to
the Panama Railroad Company had
largely increased during the four months
the contract had been in
force, and at anv moment that company might
attempt
to take possession of the property which had been mortgaged to it.
“
As a matter of fact, its demands for a settlement of
outstanding accounts
were imperative, and as soon as the amount could be
ascertained it was satis¬
factorily settled, partly in cash and partly in notes, which have since been
taken up ; the whole amount paid that
company in cash daring the five
months ended October 31 being $575,576.
“
In the belief that, the subsidy received from the overlaud
railroads (which
had been twice reduced during the administration of Mr.
Clyde) was entirely
inadequate to compensate this company for what it relinquished, notice was
formally gWen them that the contract wourd be terminated, and we are new
Abe to state that after a long and tedious negotiation a new contract has
-
being done, the next step to insure
following;
On the 30th
on terms
43
in
Pittsburg.
to
an
such
Messrs. Herron, Black and Bighara were opposed
they were finally convinced that
plan was advisable, and all agreed to further it in coun¬
increaso of taxes now, but
a
cils.
St. Louis Iron Mountain & Southern.—From the committee's
supplementary report, the following summary is given of the
scheme now proposed to tbe stock an! bondholders.
The list of
directors proposed to be elected stands as follows, viz.:
Thomas
Allen, Samuel G. Ward, H. G. Marquand, Henry E. Pellew,
Joseph S. Lowry, N. M. Beckwith, Henry Whelen, C. H. Mar¬
shall, R. B. Min turn, G. 8. Morison, Lucias Tuckerman, R. J.
Lackland, and Ethan A. Hi*chcock.
The circular says:
44
“
The
follows:
.
“
THE CHRONICLE.
points of material interest in
The af ieement is dated November
the agreement for
funding, <fec.,
arc aa i
97th, 1918. and subscribed by five sets of
Parties,Kennedy.
viz—the Siholders
bonds^the
holders
inuel of
G. mort^a?e
Ward, Thomas
Allen, Nelson
erox
of stock
;
Robert
M. Beckwith and
Charles H. Marshall, the tmstees of the Stock
Trust; the Farmers’ Loan &
Trust Co.; and the St. Lonis Hon Mountain &
Southein Railway Co.
“,It is recited that the company intends to
pay in full^the coupots maturing
on and after
July ltt 1819, on the several classes of defaul ed divisional
mortgage bonds, viz.the St. L< uis & Iron Mountain R R. second
mortgage
bofids. the Aikansas branch bonds, the Cairo Arkansas &
Texas R. R. bi nds,
and the Cairo & Fulton R. R. first
mortgage
bonds;
but
that
only one-balf of
the interest on these bonds
maturing on and prior to June 1st, 1879, will be
paid in cash.
“
The
[vol. xxvm.
Jan. 6, a resolution was
adopted authorizing the Governor
to>;
rt-quest the presiding officer of the council of foreign
bondholders*
of
London, Messrs. Baring Bros. & Co., S G. & G. C.
Ward,
Messrs. De! Rothschild,
August Belmont, Brown Bros. & Co.,.
Richard Irvin & Co., Charles M.
Fry and Hugh McCulloch, or
their authorized
representatives, and all such creditors or their
authorized representatives as wish to
participate, to meet the Gen¬
eral Assembly, Jan. 22, for conference
about a plan of settlement
of the State debt.
A similar resolution was
presented in the
house, but no action was taken thereon, except to make the matter
a special and continuous
order, beginning Wednesday.
—The annual report of W. F.
Taylor, auditor of public
accounts of Virginia, furnishes the
following
figures pertaining
to the finances:
subscribing bondholders agree to deposit with the Union Trust Co.
Ihe funded interest certificates and
unpaid coupons belonging to their mort¬
gage bonds, and to receive in
exchange
first preferred income bonds,
bearing seven per cent interest, payable therefor
annually on Marth 1st. out of the net
surplus income of the preceding calendar year, and maturing at the
same date
as the bonds for the arrears in
interest on which they are issued. The
“The gross receipts from all sources for
interest on these fi st preferred income bonds
the
is to be payable after the
interest on ihe several divi~i<>nal
$3,090,139. from which deduct temporary loans, year ending Oct. 1, 1878. were
mortgage
bonds,
and
to
be
the interest certificates and
accumulative; and there is a balance of $2,631,672. Of these&cM amounting to $388,467*
coupons for which they are issued are not to be
receipts, $1,215,678 was in
coupons. Ihe disbursements, Including the interest
but
canceled,
held as security f#r the execution of the
represented by the
agreement
as specially
coupons,
were
$2,608,599
provided.
(exclusive of the temporary loans,
“
&j.,) leaving a
balance in the treasury of $23,072, betides
The subeciibing bondholders who hold
$7,258 in the treasury at the begin¬
censolida+ed mortgage bonds agree
to deposit th1 m with the Union Trust
ning of the fiscal year, or a total balance of $30,3(0. The
Co., and to receive in exchange therefor real and
assessed value of
second preferred income
personal property in 1377 was $
bonds, bearing six per cent interest,
s26.027,346; in 1818 it was
annually $316,086,872; decrease, $9,340,474. In
out of the net
surplus iHCome remaining after the payment ofpayable
estimating the revenue for the year
all interest due
on the first
preferred income bonds, and accumulative. The consolidated 1879 the auditor takes the real estate assessment for 1877. which is $1,688,690
greater than that of 1878, and estimates the assessed value of
mortgage bonds are not to be canceled, but kept as
personal property
security for the execution at $2,194,039 more than it is returned for
Of the agreement as
specially provided.
167^; and yet, without
“
intercet on the literary fund, he figures a
including
The subscribing stockholders
deficit of $(70,601.
agree to transfer their stock to tie trustees,
Including the
interest on the literary fund, the deficit will be
who shall have the absoluie risht to
vote upon the same until one
$354,952
for
1879.
“The annual intere-t on the
year after
the period subsequent to Match
principal debt (including the literary fund),
1st, 1880, when the company shall have
the full interest due and
piid which is put at $29,350,826. amounts to $1,742,865.
of which $1,215,678 was met
accumulated on said first and second
preferred for 1878 by the receipt of the coupons for taxes
income bonds, provided also that the
company shall pay punctually the full
leaving
a .balance of $527,187
amount of interest accrued
unpaid. This does not include, of coun-e, the
during that yt ar on such bonds.
“
unpaid interest of the literary
*
*
*
fm.d. There is $75,376 due and
The instrument will not he
the
unpaid
to
Weste n Lunatic Asylum ;;
binding upon the subscribers thereto unless, $74,314 to the Eastern
before January 10th, 1-79, it shall have been
; $21,293 to ihe Central; #2 i,0C0 to the
subscribed by the holders of at Blind
Deaf. Dumo and
least 80 per cent of the
Asylum,
aud
the
$6,250
to
University of Virginia ; total, $t97,23-».”
outstanding
first preferred income bonds are to be coupons and certificates for which
issued by the holders of at least 90
per
cent of the consolidated
The auditor recommends that there shall
mu^gage bonds, and by the holders of at least 60
either be an increase
per cent of the capital stock, nor unless such
of twenty-five cents in the rate of taxation
amounts cf interest cert
or
ficates,
that the capitation
coupons, bonds and stock certificates are
actually deposited with the trust tax be raised to $2, the Moffett
companies before January 25th. Provision is
liquor
law
amended
so as to exact
made, however, that the trus¬ a
tees may extend the t me to a date
specific license lax as well as the register tax
not later than March"
1st,
1819,
and
per
drink,
without
may reduce the nibscr ptions requi ed to an
rebate, except fotthe cost of the
amount not less than 75
cent of the
per
register, an oyster tax and a
outstanding coupons and certificates, 90 per cent of the consolida¬
ted mortgage bonds. 75
stamp tax.
per cent of thestrek, with like effect as if such reduced
The Funding Association of the
amounts and extended time had been
those originally proyided
United States ot America
When by
the execution of the conditio* s of ihe
(limited),
agreement it shall have become binding
of which ex-Secretary McCulloch is
upon the subscribers thereto in the
president, has
required amounts, the pending suit to matured a plan which is
foreclose the consolidated
designed to harmonize the difficulties in
mortgage will be discontinued.”
the way of a
satisfactory adjustment. This plan'provides that
the State shall honor all of its
Salem & Lowell.—At the annual
obligations to the full extent of
meeting, held Jan. 7, it was
voted to petition the
legislature for leave to consolidate with the its ability, upon uniform terms; that is, in new 4 per cent bonds,
.
•
Boston & Lowell and Lowell &
Lawrence roads. The lease for
twenty years, from October 1,1878, to the Boston & Lowell road
was ratified on the same terms as
the lormer
case, viz.: Payment
by the latter to the former of $17,500
and void if the two
mortgage
were
reads consolidate.
annually, to become null
The existing bonds and
also extended for twenty
years at the rate of six
per cent per annum.
Syracuse Chenango &
New York*—Judgments recovered
unpaid coupons have been returned unsatis¬
Mr. James J. Belden has been
appointed receiver.
against this road
fied.
on
Tennessee’s State
Finances.—Governor Porter, of Tennessee,
in his message submitted to the
General
makes the
following
reference to the public debt of theAssembly,
State:
"
The State has issued
49,393 bonds, amounting to $49,173,316
66. The number canceled is
28,385, amounting ;o $28,163 016 66.
The number now
outstanding as a liability against the State i*
20,219, amounting to $20,221,300. In ten
years the State has paid
three installments of interest.
Seven are past due,
amounting,
after deducting $149,050
paid to educational and charitable insti¬
tutions, to $4,052,717, making the debt,
and interest.
$24,274,017. The settlement of this debtprincipal
is paramount to all
questions of legislation that can
General Assembly. It involves the engage the attention of the
honor and good name of the
State and the credit and honor of
every one of its citizens. It is a
liability that was voluntarily contracted, ard whether it was
wisely created or not cannot now be questioned. In
December,
1877, certain creditors of the State
to
proposed
adjust
that
part of
the debt held by themselves
upon a basis of fifty cents for the
principal and past due interest, and offered assurances that the
great body of the creditors would
accept the same terms. This
proposition was fubmitted to an extra session of the
Fortieth
General Assembly, and its
acceptance instantly recommended. I
am satisfied that the
creditors making this
proposition would still
make the adjustment.
Settled at 50 cents the debt would
amount
to $12,137,000.
The annual interest upon
this
sum at 6 per cent,
would amount to
$728,220. I do not hesitate to
again urge
acceptance of this proposition. I cannot be mistaken
in my
opinion that the people of this State are anxious to be
delivered
from further discussion of this
question and from longer post¬
ponement of its settlement.”
The message reports
an actual balance in the State
of
$291,103, and the current expenses of the government treasury
for the past
two years at $1,044,414.
The tax levied for 1878 was
$223,212.
The unpaid tax list of former
years $493,000.
The total value of
property assessed for taxation for 1878 shows a decrease
from
1879 of
$13,696,695.
1
Union Pacific*—In the Credit Mobilier
suit, Justice Miller
delivered the opinion of the
Supreme Court, affirming the
decision of the Court
below, dismissing the Credit Mobilier suits.
The decision affirms the
constitutionality of the act of Congress
of 1874.
Justices Swayne and Harlan concur in the
decision as
t o the
constitutionality of the law, but dissent to the dismissal of
t he
suits.
Yirginia State Finances.—In
the State Senate at
Richmond,
with tax-receivable
coupons, both
free from taxation, with
provision
principal aud interest to bo
a sufficient
sinking fund.
These bonds are to be issued in
exchange
lor the two classes of
bonds now out, whenever the latter are
presented for funding in
the existing proportions of
say two tax-receivables and one
“peeler.”
The total amount of new bonds received is to be
apportioned by the creditors themselves upon the basis of the
relative value of their
original holding*, which may, and very
likely will, vary from time to time. It is said that this
proposi¬
tion has been
strongly commended in London, and has the
approval of many influential members of the Virginia
Legisla¬
ture.
The bill embodying these
points provides that certificates
shall be issued for the amount of
accrued and unpaid interest on
all classes of bonds
up to July 1, 1879 ; provided that in calculat¬
ing overdue interest on bonds not lunded under the acts of March
30, 1871, and March 7, 1872, only two-thirds of the interest
shall
for
be included.
These certificates are to bear interest at the
rate of
2 per cent, to be
paid January and July 1, at the State Treasury,,
the same as the new “ fours.” The
certificates are to be dated
July 1,1879, and
Assembly.
are
redeemable
at
the pleasure of the General
To
provide for the interest upon the new “fours” and the new
sum required for the
sinking fund, the
Treasurer will be authorized to
issue, annually, tax-receivable
scrip, and he is to be authorized to sell the same, after
publica¬
tion, at market rates.
The proceeds of the sale will be held as
a
special fund to pay interest lor the year on the new “lours”
and
new certificates
issued, and the remainder will be paid over to
the commissioners of the
sinking fund, to be invested in the new
“fours” (to be purchased
upon tenders), or, in due time, to be
applied to their redemption,
certificates, and for the
Western Union
Telegraph.—Judge
Blatchford in the United
States Circuit Court has
given his decision
in the suit
brought
by Clinton G. Colgate against the Western Union
Telegraph
Company for an injunction restraining it from using the
gutta¬
percha insulator. Judge Blatchford says:
It
fufficient’y appears th»t at least before the time when a final
decree
shail be enu red at.tr the
coming in of the master’s report.it would not be
proper to award, absolutely and
peremptorily, a perpetual injunction against
the further use of the
gutta-percha covered wires, and
any such perpetual
injunction to be granted before such final decree ouvhtthat
to be granted condi¬
tional y and on terms as to
substituting some hing ehe for guttt-percha cov¬
ered wires or as to
taking a license for the future use - f gutti-percha covered
wiles. The affidavits and
papers now before the Court do not enable it
to.
determine satisfactorily what such terms
should be, and it is
testimony to be taken on the reference as to profits and da i proper that the
ages should be
before the Court before the
question of a perpetual injunction is
passed
upon. But the plaintiff is entitled to a
perpetu d injunction against the sale
by the defendant to others of any of tne
gutt«»-percha covered wires or cables,
and against the manufacture or use
by the defendant of any gutta-percha cov¬
ered wire or cables other than
those which it now has.
No
security from the
defendant isreqaired, as the abundant
pecuniary ability oi the defendant was
admitted by the plaintiff on the
hearing.
Wilmington & Weldon.—At the annual meeting of stock¬
Wilmington, N. C., the report presented showed total
holders in
receipts for the past year of $487,815 and expenditures
of, $312,169,
Laving a balance in net receipts of $175,645, a net increase
over
the previous year of
$18,738. Hon. R. R. Bridgers was re¬
elected President of the
company, and Mr. B. F. Newcomer of
Baltimore, Vice-President.
January
%\iz ©onxwcrtml jinxes.
COMMERCIAL EPITOME.
Friday Night,
January 10.
favorable tojgeneral trade. The
resumption of specie payments is regarded as thoreuglily estab¬
The
past week has been more
financial disorders of a serious nature are appre
hended from any quarter. Failures since New Year’s are not
more numerous or serious than there hadJbeen reason to appre¬
hend. The weather has become moderate,Jand the snow block"
lished, and no
principal railways have been removed, but
obstructions by ice to inland navigation in middle latitudes still
continue.
Western staples show some improvement in values,—
an important circumstance, believed to be a necessary prelude to a
good spring business.
The remarks regarding pork, lard, &c., of last week will bear
ades
►
45
THE CHRONICLE
11,1879.1
upon our
additional emphasis. The
lighter receipts of swine have involved a considerable “short”
interest, particularly in lard, and at times sharp advances have
taken place.
To-day, pork was higher, with sales of old mess on
the spot at $7 50@7 75; new mess held at $8 75@9 00. Bacon
repetition,’ with perhaps a slight
G O T T O N.
Friday, P. M., January 10, 1879.
The Movement op the Crop, as indicated by our telegrams
from the South to-night, is given below.
For the week ending
this evening (Jan. 10), the total receipts have reached 121,091
bales, against 143,155 bales last week, 199.981 bales the previous
week, and 204,882 bales three weeks since; making the total
receipts since the 1st of September, 1878, 2,840,383 bales, against
2,640,769 bales for the same period of 1877-8, showing an increase
since September 1, 1878, of 199,613 bales.
The details of the
receipts for this week (as per telegraph) and for the corresponding
weeks of four previous years are as follows:
Receipts this w’k at
New Orleans
35,422
13,431
10,223
Mobile
Charleston
Port
78
Royal, &c
1877.
1878.
1879.
Savannah
20,694
Galveston
12,173
49,549
13,237
9,114
2,681
13,660
10,972
65,267
13,685
10,061
402
641
803
15,472
22,992
15,763
19,408
10,708
7,035
567
17,442
6,08o
279
185
408
14,511
7,509
Florida
North Carolina
3,897
1,639
2,248
11,563
1,976
121,091
Norfolk
West Point, &c
Total this week
...
Total since Sept. 1.
1875.
22,838
10,200
6,980
8,366
2,989
Indianola, &c
Tennessee, &c
1876.
;
44,641
8,418
6,813
131
;791
208
680
20,715
2,883
10,230
2,516
15,566
2,239
6,926
3,588
427
391
763
142,099
101,132
161,515
95,242
2,840,382 2,640,769 2,778,363 2,640,375 2,310,029
for the week ending this evening reach a total of
speculative movement; 105,288 bales, of which 49,002 were to Great Britain, 20,779 to
France, and 35,507 to rest of the Continent, while the stocks as
long and short clear sold at Chicago at 4T0c.; quoted here at made
up this evening are now 859 822 bales.
Below are the
4J@4fc. Lard was materially higher and quite excited, and stocks and exports for the week, and also for the corresponding
closed with sales on the spot at $6 05@S 12£, $6 05@6 10 for week of last season.
January, and $6 02|@6 174 for February.
At the close the Week
STOCK.
EXPORTED TO—
Total
Same
this
Week
advance was partially lost.
Beef in small sale and unchanged. ending Great
Conti¬
Week.
1878.
1870.
France.
1878.
nent.
Tallow is fairly active at 6fc. for prime city. Butter and cheese Jan. 10. Britain.
are quoted firmly, though quiet.
The following is a comparative N. Orl’ns 22,896 11,529 7,355 41,780 51,396 365,386 337,277
11,207 61,945 63,126
3,700
Mobile..
3,700
summary of exports from Nov. 1 to Jan. 4 :
**
ZZZ
has also shared in
The exports
the advance, under the
,
....
1S78-9.
Pork lbs
Bacon and ham?,
lbs
Lard, lbs......
Total, lbs...
There has been an
15,^7o,0fi0
156,659,392
73,833,925
18T7-8.
Increase.
Charl’t’n
10,249,800
102,381.567
5,72K,200
54,277.823
Savan’h.
60,953,599
12,877,226
173,585,066
72,881,251
advance in raw sugar to 6f@8|e. for fair to
245,466,317
Galv’t’nN. York.
Norfolk-
Other*..
....
....
7,809
2,353
7,860
8,082
6,259
2,095
13,543
5,000
....
5,521
896
388
....
....
—
19,802
7,093
13,330
3,639
7,860
8,032
►
12,209 57,886 80,483
10,417 90,092 91,187
1,220 105,432 104,957
11,766 116.115 128,567
16,745 27,966 25,510
11,357 35,000 57,000
Tot. this
good refining, attended with a very good business, until within the
week..
49,002 20,779 35,507 105,288 126,317 859,822 888,112
last few days, when trade slackened.
Refined sugars have sold
more freely at firmer prices.
Rio coffee has become dull, and Tot.since
Sept. 1. 899,582 194,753 457,822 1552,157 1365,817
more or less depressed, as the jobbing distribution has been slow,
The exports this we3k under the head of “ other po-ts” include, from Balti¬
'Owing to the snow blockade on many of the western railroads ; more, 4,849 balps to Liverpool from Boston, 1,267 bales ta Liverpool; from
mild grades, however, have, owing to a small supply, remained Philadelphia, 1,960 bales to Liverpool.
In addition to above exports, our telegrams to-night also give
firm, with a fair demand. Rice has sold fairly at steady prices. us the
following amounts of cotton on shipboard, not cleared, a
Molasses has been quiet and unchanged.
the ports named.
We add also similar figures for New York,
Kentucky tobacco has been less active, the sales of the week which are prepared for our special use by Messrs. Carey, Yale &
Lambert, 60 Beaver street:
~~
aggregating only 700 hhds.,of which 600 were for exDort and ICO
On Shipboard, not cleared—for
for home consumption, and prices are easier at 2£@4c. forjlugs
Leaving
Jan.
Coast¬
10,
at—
Other
and 5@124c. for leaf.
Liver¬
Stock.
The movement in seed leaf has also been
Total.
France.
wise.
Foreign
pool.
comparatively small, the sales of the week being limited to the
reeeiv ed
Telegra m not
following parcels: 369 cases, 1877crop, Pennsylvania, 8@32c.; 125 New Orlp.ans
None.
21,700
40,245
6,400
Mobile
6,000
9,300
16,150
do. 1877 crop*, New England, part at 12@20c., and 100 do. 1877 Charleston
41,736
7,850 None.
4,925
3,375
45,292
44,8<>0
2,500
14,000
5,300 23,000
crop, Wisconsin, private terms.
Spanish tobacco also quiet, and Savannah
727
62,400
43,032
8,028, 10,776
Galveston
23,501
None.
250
95
*9,345 106,770
the sales are only 450 bales Havana at 85c.@$ 1 10.
2,000
New York
The business in oc^an freight tonnage has latterly been some¬
3,227 135,027 296,443
Total
52,176 24,348 48,276
what checked by the light arrivals of merchandise, owing to the
Included in tliis amount there are 7,000 bales at Presses for foreign
snow blockade at the West and in this State; rates are rather
ports, the destination of which we cannot learn.
From the foregoing statement it will be seen that, compared
Irregular and without firmness. Late engagements and char¬
with the corresponding week of last season, there is a deefeass
ters include : Grain to Liverpool, by steam, 5£d., 58 lb3., and 6d.,
in the exports this week of 21,029 bales, while the stocks to-night
60 lbs.; bacon, 25@30i.; cheese, 39s.; cotton, 15-64d. ; grain to are
28,290 bales less than they were at this time a year ago. The
London, by steam, 64h, 60 lbs.; do., by sail, 4s. 9d. per qr., and following is our usual table showing the movement of cotton at
flour, Is. 91.@ls. 104d.; grain to Hull, by steam, 6£d., 60 lbs. ; all the ports from Sept. 1 to Jam 3, the latest mail dates:
do. to Glasgow, by steam, 6fl.; do. to Cork for orders, 5s. 6d.
EXPORTED SINCE SEPT. 1 TO—
RECEIPTS SINCE
SEPT. 1.
Stook.
pei;qr.; do. to Southampton, 4s. 104d. ; do.‘ to French ports, Ports.
Great
j Other
Total.
France.
Britain.
Foreign
1877.
1878.
5s. 3d.<95s. 74d. ; do. to the Bristol Channel, 4?. 9i.; crude pe¬
troleum to Bremen, 3s. 91.
N.Orlns 603,267 731,144 132,211 67,430 121,044 320,685 367,076
39,761 62,073
14,904 12,932 11,925
There has been very little of interest transpiring in naval stores Mobile. 214,415 240,814
222,518
85,447
69,993
34,343
here, but at Wilmington a good export trade has been noted ; Char’n* 383,262 319,366 102,728
280,721
132,777
81,446
Sav’h.. 512,083 403,161 131,541 16,403
spirits turpentine quoted at 274@38c., and common to good Galv.*. 384,128 300,865 96,860 32,033 28,257 157,150 110,223
strained rosins at $1 85@l 374.
Petroleum at one time was N. York 70,165 39,692 141,086 8,783 15,002 164,871 107,003
6,300
6,300
6,386
34,693
materially higUer and active, under efforts of a “short” interest Florida
53,658
6,223
17,439
2,050
34,169
102,325
N.
Car.
94,850
to cover contracts; at the close, however, the feeling was easy and
850 101,224 30,500
Norf’k*
345,736 301,020 100,374
prices lower, at 8£c; for refined, in bbls. Steal rails continue to Other..
99.981 28,000
9,574
53,897
90,407
76,692
have a good movement, the sales latterly aggregating 40,000 tons
850,580 173,974422,315 1446,369 863.538
This yr. 2719,291
on the basis of $44 50a)43 at tide-water ; other metals are quiet.
2498,670 778,850 234.690 225,960 1239,500 907,660
Ingot copper remains steady, with sales of 150,000 lbs Lake at, Lastyr..
Unaer the head of Charleston Is included Port Royal, Ac.; under he head o*f
16c.
Cloverseed ha3 been active at 64@3|c. for fair to prim e
Galveston Is included Indlauola, Ac.; under the head of Norfolk, is Included 0'»y
Western. Whiskey declined to $1 09£, but closed at $1 104.
""" Loint, Ac.
•••»
•
*
.
'
••••••
......
1
i
—
*
—■
•->.
0
0
5
.
2
4
001.3
2
46
THE CHRONICLE.
These mail returns do not correspond precisely with the total
of the telegraphic figures, because in preparing them it is
always
necessary to incorporate every correction made at the ports.
The market opened the week quite firm for cotton on the
spot,
with a better demand for home consumption.
The snow block¬
ades on the railroads of this State kept back
supplies destined for
Eastern manufacturers, and they were obliged to
purchase in
this market, while shippers were compelled to fill tlieir
Sat.
Ordin’y.$ib
Strict Ord..
Good Ord..
Str. G’d Ord
Low Midd’g
Str.L’wMid
Middling...
Good Mid
Str. G’d Mid
..
Mon Toes
79x6
791fl
•7916
8
8h
8
8*2
8
8*2
81316
She
8i316
91X6
81316
9116
914
Sat.
9*4
Mon TD6§
7nl6 71116
9*4
8*8
8%
8*8
85s
8i516
93X6
81516
2,900...
1,400
1,500.
1,200
93x6^
938
9?8
800
800
800
800
500
2,000
2,100
1,600
1,700
The
938
8^8
85s
815ig
9316
815x6
9316
81516
93l6
938
938
! j 1
Ordin’y.#®
Strict Ord.
Good Ord..
Str. G’d Ord
Low Midd’g
Str.L’wMid
Middling...
Th.
Frl.
Wed
Th.
Fri.
7*s
77X6
738
7^8
7*2
71&16
8716
77r
838
7l31fi
8°16
79x6
81l6
8
8*2
7%
9
9*8
81316
91x6
8%
93x6
8%
87e
9*16
§^16
8916
9
811X6
815le
71516
8716
878
918
9&16
9*4
9*4
9716
93x6
9516
■
8%
930
Good Mid.. 9%
Str. G’d Mid 10*8
9*8
9 516
9*2
911x6 95g
Midd’g Fair
93s
9131g 9%
10316 10*8
978
10
10!i6
89x6
87e
Wed
10*4
10%
STAINED.
Sat.
Good Ordinary
Strict Good Ordinary
Low Middling
Middling
$ 5).
on
Sat.
Mon
Tuea.
Wed
Thurs
Fri.
.
.
.
Quiet
Quiet
Steady
Quiet, lower....
Dull,easier,low.
Quiet, lower....
7916
712
8ic
71516
87X6
8
Mon Toes Wed
Til.
424
982
93
Total
176
260
637
80
490
260
621
55
gss
Market—
Bid.
609i
3,362
936
FUTURES.
Sales.
Deliv¬
eries.
71.900
68.900
2,000
73.900
85,100
76,400
85,300
1,9U0
1,200
1,100
2,400
700
4,907 461,500
9,300
delivery, the sales have reached during the week
461,500 bales (all middling or on the basis of middling), and the
following is a statement of the sales and prices:
Bales.
100 s.n.6th.
300
lOOs.n.llth
100
900
100 s.n.
100
400 s.n
100
300
800
100.
9*12
916
016
9-17
9-18
918
9-20
0-20
9-21
*
9-22
9-22
9*24
2.900
9-25
2,300
400
0*26
200 s.n
0-27
900 s.n.10th 9*28
100 s.n. 9th. 9-29
000
029
100 s.n
9-30
400.
9* 0
400
9-31
100
932
400
9-33
700
9-34
100
9-36
100
9-37
-..
400
938
100 s.0.6th. 9 40
200
100 s.n.6th. 9-45
100
100 s.n. 6th. 9-46
1,000.
9-46
300 g.n.tfth. 9-47
100 s.u.8th. 9-47
1,800
947
2.900
948
200E.n.9th. 9-49
...
.
.
100 a.n.Uth 9 40
100
9-41
t 100
9 42
J,?00
9 42
400
9-43
No notice
.
.
....
...
2,300
t
100.
9-50
100 s.n.Kh. 9 50
200 s.u.fth. 9-50
....
5,500
5,200
3,700
1,200
....
....
....
.800
....
951
9'52
9-54
39,800
....
8,?00
to-day, 10th.
1,600
2,500
4,300
4,200
.
..
..
..
.
..
...
..
.
....
9-87
9-38
9-39
940
9 41
9 42
9 43
944
9-45
9-46
Ct«.
0-47
.
...
Cts.
0-56
0-57
fl-58
9-50
800
9*59
6,200.
3,700
...
600
400.
.
..
8,100
1,000
200
500
300
Pale*.
1,800
..
...
....
...
..
..
..
2,800
2,300
1,400
1,400
...
...
...
9*52
9*54
0-55
9-56
9-57
9-58
9-59
9-60
9 01
900
8,600.
4,300
2,800...
...
...
..
2.500
...
...
3,100.
5,400
1,400
900...
12,900
12,200
2.400
2,900
1.800
5,700
For February.
100
9-36
3,300.
2,300
1,100
3,«00
2,700
3,500
2,700
Bales.
6,300
r
.
100s.n.Sth. 9 40
rt*.
9 41
...
...
.
...
1,900
1,100
906
9"07
9-08
9-09
9-70
9-71
9-73
9-74
9 75
9 76
600
6,600
3,000
8,000
3.800.-.
700
114,700
For March.
2,700
t No notice, Jan. 6th.
i 9 55
Bid.
A*k.
10-30
4,100
For August.
200
1015
100
10-22
400
100
100
100
200.
100
200.
400
.10-23
10*26
10-28
...10-2©
10*31
...
10-32
10-37*
10-45
1,900
For October.
100
9-98
13,300
For July.
200
10-03
IOO
•53 pd to exch. 1.800 Jan. for
Apr.
.**'0 pd. to t xch. 300 Ju e for
Aug.
•10 pd. to exch. 200
May for June.
Lower.
Bid
Ask.
January..
February
9*49®50
969®70
March.
9‘85®86
April.... io-oo@ —
10*12®13
May
June
10*20®22
10*29®31
July
Wed.
Thnrs.
Friday.
Irregular
Lower.
Firmer.
Bid.
Ask.
Bid.
Ask.
Bid.
Ask.
9*49®50 9*34®35 9*29®30 9*17®18 9*20®22
9*69®70 9*52®53 9-49®50 9-37®38 9*43® —
9*86®87 9*68®69 9"68®69 9*56®57 9*63® —
1000®01 9*83-2) — 9*82®83 9*70®71
9-77®78
10*13®14 9*95® — 9*95®96 9*84®
9-93®93
10*242)25 10*06®07 10*07® 08 9*95®97 1003®04
10*33®34 10*15®17 10*17®18 1004®05 1011®13
August... 10*36®37 10'41®43 10‘24®25 10*25®27 10*15®18 10-21®23
Tr. orders
9*50
9*50
9*35
9*30
9*20
9*25
Closed—
Firm.
Dull.
—
Steady.
.
Quiet.
Steady.
Steady.
Stock at Hamburg
Stock at Bremen
Stock at Amsterdam
Stock at Rotterdam
Stock at
900
...
9-60
9-61
9 62
9*63
9-64
«-65
9-66
0-07
9 68
9 09
9*70
9*71
9-72
9'73
9 74
9-75
9 76
9 77
9 78
9-79
9 80
981
9-82
9*83
9-84
9-85
9 86
9 87
9-88
9 89
9 90
No notice, Jan. 6th.
1879.
1878.
1877.
407,000
1876.
608,000
636,000
49,250
385,000
15,000
47,250
62,750
456,250
400,000
89,750
140.00C
4,000
40,000
7,000
55,250
7 2ZO
39,250
10,500
7,250
9,750
698,750
219,000
3,750
54,000
16,500
31,500
38,750
10,750
13,000
7,750
395,000
2,500
6,000
3,000
34,500
24,750
8,750
Antwerp
Total continental ports...
Total European stocks..
India cotton afloat for Europe.
Amer’n cotton afloat for Eur’pe
Egypt,Brazil,&c.,aflt for E’r’pe
Stock in United States ports
Stock in U. S. interior ports...
United States exports to-day..
..
45,000
12,500
4,7EK)
35,000
21,500
10,000
3,000
6,000
176,000
266,500
327,500
632,250
62,000
666,500
47,000
623,000
26,000
982,750 1,093,750
73,000
133,000
510,000
622,000
65,000
60,000
924,922
831,831
134,576
126,995
18,000
12,000
2,000
Stock at other conti’ntal ports.
..
For forward
For January.
Bales.
Cts.
Ask
Variable.
Stock at Marseilles
Stock at Barcelona
868
581
570
321
Firmer.
Total Great Britain stock
Stock at Havre
16
1,696
800
100
500
100.
300
10-20
10-26
10-27
10-20
10 38
100
200
100
200
following will show the closing prices bid and asked foi;
delivery and the tone of the market, at 3 o’clock P. M.,
each day in the past week.
Frl.
Si?.
508
684
000
1,100
10-19
.
following exchanges have been made during the week:
.
IV™ 7v™ 7Jl16
83j6 8316 8316
8;i16
8Jix6 9!i6
2,16
9*16
9116
508
1,200
..
.
10%
Ex¬
ConSpec- Tran¬
port. sump. ul’t’n sit. Total.
1006
...10-07
10 08
10 09
10 10
10-14
10-15
10-16
10-17
10-18
10-20
10-26
10-27
10-28
100.
200
TRe Visible Supply of
Cotton, as made up by cable and
telegraph, is as follows. The Continental stocks are the figures
81316 8 »4
of last Saturday, but the totals for Great Britain
and the afloat
9
9116
for the Continent are this week’s
914
returns, and consequently
9*16
938
9Le
‘brought down to Thursday ev.ening; hence, to make the totals
913ie 9%
the complete figures for
to-night (Jan. 10), we add the item of
10316 10*8
1078
101316 J exports from the United States, including in it the exports of
Friday only:
1111X6 1158
SALES OF 8POT AND TRANSIT.
CLOSED.
io-65
400.
800
100
100
600
100
300
Sat’day. Mond’y T’sday.
Frl.
MARKET AND SALES.
SPOT MARKET
ioo
10*12
1013
500.. ..*....10-14
300
10-16
200
10 17
s
9*2
978
1011x6 1015x6 1078 10l316 101516
11»1C 11*2
11%
1111X6 1158
Fair....
700
1,200
10-10-
future
93s
Til.
10*0610*07
100
eoo
For June.
400
9-95
200.
0-96
100
9-97
100
9 98
1,200
10 00
1,300
1001
400
,.10-02
1,400
10 03
1,500 ....
10 04
9 82
9-83
9 84
9-85
9-88
9-89
9-90
i;600
2,400...-.
9-91
4,300
0-92
300
9 93
2,600
9-94
3,800
9-95
1,200
996
500
9 97
100
9-98
2,100
9-99
800
10-00
100
1002
3D0
1003
1,000
10 05
1,600
.....10 06
10-07
4,300.
2,100
10-08
500
10 09
2,100
10-10
300
10-13
rts.
10*04'
The
11
Midd’g Fair 1078 1078 1078 11
11
11
11
11
Fair
11U16 1111X6 1111x6 1113x6 1113J6 111316 1113x6 1113x6 1113x6
ill!
600
200
300
40,500
May.
600
-
Bales.
800
•20 pi. to exch. 2C0
May for July.
•27 pd. to exch. 200 Mar. for
May.
•27 pd. to exch. 200 Mar. ior
May.
97x6
97ig
99X6
9916
99x6
99l6
99J6 9»16
913i6 91310 91316 916x6 915x6 915x6 9pi0 91&16 91516
103i6 103x6 10316 105i6 10516 10516 10°16 1051C 10516
Wed
1,400
1,400
1,900
Cts.
10 16
10 17
10 18
.
For
9-98
9-99
600
Bales.
500
600
200
8L100
9 94
9 95
9 96
9 97
3,100
2,500...
Ct*.
..1000
10*01
10 02
10 03
10 04
10 05
10 06
MIDDLING UPLANDS—AMERICAN CLASSIFICATION.
818
8*8
9716
1,800
1,900
1,300
9-74
0-75
9 76
9-77
9-78
9-79
9-80
9-81
9-82
9-83
9 84
0-87
9-88
9-89
9-90
0-91
9 92
9-93
.
800
300
900
9-85
9 86
1.100
7Hi6
7^16
8*8
8is
81516
9316
9-72
9-73
jfion. Toes
71116
8*8
80s
200
200
TEXAS.
Sat.
711x6
3.600
9-69
9-70
9-71
4,800.
7,000
5,100.
1,800
3,362 for consumption, 936 for speculation and — in transit. Of
the above, 230 bales were to arrive.
The following tables show
the official quotations and sales for each
day of the past week:
NEW ORLEANS.
Ba’es.
700
For April.
t5,200
probably found in the growing conviction that the late advance
was premature.
Many of the “ Bulls” not only sold out, but put
out large contracts for a decline.
The total sales for forward delivery for the week are
461,500
bales, including — free on board. For immediate delivery the
total sales foot up this week 4,907 bales,
including 609 for export,
UPLANDS.
9-92
9*91
5,700....
1,300
and at the interior towns of the South have continued
compara¬
tively small, and some of the cotton mills in this State have been
put on short time; still, the cause of the depression is most
Jan. 4 to
Jan. TO.
Cta.
2,000
166,000
freight
engagements from lots in store. Under these circumstances,
prices somewhat above current quotations were obtained; but on
Wednesday this demand subsided, and, sympathizing with the
depression in futures, quotations were reduced l-16c.f followed
yesterday by a further decline of l-16c., and to-day prices were
again l-16c. lower, middling uplands closing at 9£c. For future
delivery there was also a firmer opening, pricfes slightly advancing
in the course of Saturday afternoon and
Monday morning; but
a decline began on
Tuesday morning, which continued, with
slight fluctuations, to the close of Thursday’s business, when
values had given w ay 26@32 hundredths, the
early months yield¬
ing most. To-day, there was some recovery, Liverpool being
reported firmer, in the face of our decline. Receipts at the ports
001.7314657298..812536947251
I i
Bales.
800
[Vol. XXVIII.
609,000
22,000
859,822
158,565
21,000
888,112
145,490
21,000
40,000
.
Total visible supply.bales, 2,364,637
2,419,102 2,708,248 2,879.576
Of tbe above, the totals of American-and other
descriptions are as
follows: '
American—
Liverpool stock
Continental stocks
American afloat to Europe
United States stock
United States interior stocks..
United States exports to-day..
285,000
129,000
609,000
859,822
158,565
21,000
Total American
bales.2,062,387
Hast Indian, Brasil, <tc.—
Liverpool stock
London stock
Continental stocks
India afloat for
Europe
Egypt, Brazil, &c., afloat
Total East India, &c
Total American
122,000
49,250
47,000
62,000
22,000
218,000
205,000
623,000
888,112
145,490
21,000
365,000
224,000
510,000
924,922
134,576
18,000
301,000
185,000
622,000
831,831
126,995
12,000
2,100,602 2,176,498 2,078,826
167,000
15,000
61,500
47,000
243,000
47,250
103,500
73,000
28,000
210,000
133,000
65,000
60,000
335,000
62,750
302,250
318,500
531,750
800,750
2,062,387 2,100,602 2,176,498 2,078,826
Total visible supply.... ...2,364,637
2,419,102 2,708,248 2,879,576
Price Mid. Upl., Liverpool
55ied.
O^d.
7d.
6%d.
These figures indicate a decrease in the
cqtton in sight to-nig
of 54,465 bales as
compared with the same date of 1878, a
decrease of 343,611 bales as
.compared with the corresponding date
of 1877, and a decrease of 514,939 bales as
compared with 1876.
January 11,
THE CHRONICLE.
1879.]
At the Interior Ports the movement—that is the
,and shipments for the week, and stocks to-night, and
formed two inches thick.
receipts
inches.
gtatem ent:
Week
ending Jan. 11, '78.
S'
Receipts Shipm’ts
Augusta, Ga
3,911
Columbus, Ga....
M»eon, Ga
6,021
1,316
995
729
Montgomery, Ala
•Selma, Ala
Memphis, Tenn..
Nashville, Tenn..
6,855
3,005
1,114
5,470
4,886
15,288
1,941
3,714
2,121
«
Stock.
4,146
13,649
2,405
1,333
6,264
12,425
13,119
80,748
9,491
2,465
2,233
7,033
1,354
Total, old ports.
19,753
Dallas, Texas....
Jefferson, Tex.*..
Shreveport, La
Vicksburg, Miss
■Columbus, Miss..
Eufaula, Ala
Griffin, Ga
Atlanta, Ga
Rome, Ga
Charlotte, N. C...
-St. Louis, Mo
Cincinnati, O
479
800
796
479
654
806
887
3,261
9,024
9,126
10,209
40,652
6,611
6,966
3,472
Total, new p’rts
25,392
35,519
95,082
26,619
Total, all
45,145
73,132 253,647
47,588
37,613 158,565
858
1,530
1,000
2,563
3,895
1,561
1,900
713
1,022
1,217
1,204
755
2,170
3,576
..
.
622
2,151
,
4,465
1,426
1,880
2,829
2,265
13,844
1,648
20,969
1,626
3,300
9.151
6,128
6,561
3,482
2.152
9,212
5,553
Brenham, Texas.—We have had drizzling rain, with sleet and
two days, followed by hard frosts.
Work has been»
The severity of the weather is killing thousands of
cattle on the prairies. The thermometer
has ranged from 22 to
52, averaging 34.
The rainfall has reached twenty hundredths
23,540
16,896
ice, on
stopped.
10,529
18,369
10,829
60,779
4,548
of
,28,357 145,490
208
450
229
250
2,443
8,141
1,092
1,928
3,167
2,800
9,433
7,711
6.463
175
194
3,359
776
274
4,246
6,524
2,016
11,444
4.463
1,785
5,836
1,223
1
It has been
inch.
Receipts Shipm’ts Stock.
22,869
Snow has fallen to
a depth of five
impossible to either work or travel. Wheat
planting has been larger than was expected, and the heavy snows
will greatly benefit it.
The thermometer has averaged 27, the
highest being 41 and the lowest 4. The rainfall has been one
for the
■corresponding week of 1878—is set out in detail in the following
Week ending Jan. 10, ’79.
fL
1,068
1,790
8,735
4,788
34,126
4,331
36,177
90,803
-64,534 236,293
an
inch.
New Orleans,
Louisiana.—Telegram
Shreveport, Louisiana.—The
not received.
weather
during the week has been
unfavorable, and the roads are in bad
Averge thermometer 24, highest 43 and lowest 6.
cold and otherwise
condition.
The rainfall for the week is two inches and fourteen
and for December six inches and
hundredths,
sixty-nine hundredths.
Vicksburg, Mississippi.—Snow fell on Saturday last. The
weather has been unusually cold.
Columbus, Mississippi.—Telegram not received.
Little Rock, Arkansas.—The weather the
past week has not
been
cold
have had it here, but its continued
severity is
We have had snow and sleet on three days, and it
The above totals show that the old interior stocks have
still continues cold, with
appearances of more snow.
deereased during the week 17,8 <10
The ther¬
bales, and are to-night 13,075 mometer
has averaged 15, the highest
sales more than at the same
being 31, and the lowest
period last year. The receipts at the
same towns have been 1,216 bales lea than the
3, and the rainfall has been fifty hundredths of an inch.
same week last
fear.
Nashville, Tennessee.—We have had rain on three days, and
snow on one
Receipts from: the
day. The snow storm was of wide extent. The
Plantations.—Referring to our remarks
in a previous issue for an
explanation of this table, we now bring thermometer has ranged from 3 below zero to 42 above, averag¬
the figures down one week later,
ing 17. The rainfall for the week is one inch and
closing to-night:
eighty-one
hundredths.
RECEIPTS PROM PLANTATIONS.
*
as
Estimated.
as we
unexampled.
*
Receipts at the Ports.
Week
•
end L’S-
1876-7.
1877-3.
Stock at Inter
1878-9.
Sept 6.
19,733
5.835
26,750
13.
41,457
12,109
47,431
74,353
98,863
ii
20.
27.
Oct
.
4.
&<
11.
44
1*.
<4
62,998 22,343
95,845 43,129
222,199 70,040
136,074 109,264
152,820 135,054
25.
174,617 157,609
Nov.l.
201,904 177,336
211,810 198,776
44
8.
k
15.
205,60oJ 191,571
44
22.
211,623 200,980
29
204,879
187,733
196,436
171,596
162,633
115,266
101,132
€4
iDec. 6.
44
44
44
13.
20.
27.
•Jan .3.
44
10.
172 2:6
174,365
2(2,605
231,594
2.’4,634
130,990
118,153
160.233
162,236
157,280
182,674
176,004
181,376
184,625
220,748
220,291
204,882
199,981
r
Ports Rec’pts from Plant’ns.
1876-7. 1877-3. 1878-9.
20,7«il 16,449 9,979
23,431 16,272 18,911
23,904 15,104 26,377
38,-37 20,510 37,872
57,048 29,720 47,203
72,277 41,891 59,823
84,871 58,745 79,597
103,774 60,374 97, >87
123,652 105,814 115,034
1.8,111 126,620 149,498
157,361 132,403 174,583
180,519 35,941 168,491
197,131 157,082 205,912
213,722 169,073 236,280
224,121 185,665 259.129
245,615 226,559 280,957
255,397 261,876 294,281
249.905 :53,239 281,634
165,755
143,155
112,099
121,091 223,007 23 3,293 253,647
This statement shows
1876-7.
I877-S. 1878-9.
18.866
5,885
41.457
11.932
62,998
95,845
122,199
136,074
152,820
174,617
201,904
211,810
205,6%
211,823
for the
same
week
were
74,231 bales.
21,177
74,355
15.
43.128
98,663
70,040 130,990
157,009 162.236
177,336 157,280
198,776 182,874
194,571 176,004
200,930 181,376
204,679 172,216 181,625
167,733 174,365 220,718
193,433 202,80: 220,291
171,5% 231,594 204,832
162,633 224,634 199,981
108,776 157,118 130,508
74,234 125,153 93,104
were
an
materially with the
Galveston, Texas.—We have had a drizzling rain on three
days
past week, and sleet, ice, and -heavy frost on four. As a
result of the severe weather and bad
roads, work and movement
are about
suspended throughout the State. Average thermom¬
eter 37, h;gliest 60, and lowest 23.
The rainfall has reached
sixty-tliree hundredths of an inch.
Indianola, Texas.—It I113 rainel (drizzling) on four days dur¬
ing the week, and ice has formed on four nights half an inch
thick.
Roads are impracticable.
Average thermometer 37,
highest 52, and lowest 22. We have had a rainfall this week of
eighteen hundredths of an inch.
Corsicana, Texas.—Rain has fallen during the week on three
days. We have had killing frosts on three nights, and snow has
fallen to a depth of four inches. Work has been
prevented. The
thermometer has averaged 27, the extreme
range having been 4
to 41.
The rainfall during the week has amounted to
one inch
of the
.
and two hundredths.
this point on three
too cold, ice
having
cold, unfavor¬
inch.
Montgomery, Alabama.—Rain has fallen three days and snow
day, and we have had killing frosts on six nights. The
on one
weather has been too cold.
the extreme range
The thermometer has
thirty-two hundredths
inch.
having been 14
of
an
averaged 32,
to 62. The rainfall has reached
Selma, Alabama.—It has rained on two days the earlier
part of
the week, the latter portion
having been clear and pleasant, though
cool.
Snow fell during the week-to a
depth of two inches.
Madison, Florida.—Rain has fallen on one day this week, to a
depth of ten hundredths of an inch.
The thermometer has
average 1 45 during the week.
Ice formed in this vicinity on
Saturday, Sunday, Monday, Tuesday, and Friday, and we had a
of sleet on Saturday and
Sunday. It was unusually cold
on
Monday, the thermometer falling to 28. It is now cold.
Macon, Georgia.—We have had rain on three days of the
past
s orin
*
week.
The thermometer has
having been 14
to 59.
About
section has been marktted.
Weather Reports by Telegraph.—This has been another
cold week in the South ; ice and snow are
reported in very'many
sections, and at some p unts it is stated to have been the coldest
for many years.
The weather has interfered
There
too
Average thermometer 33, highest 59, and lowest
has been a rainfall
during the week of thirty-four
hundredths of
109,264 148,158
135,054 160,233
125,153 bales, and for 1877 they
Dallas, Texas.—There has been rain at
days tne past week. - The weather-has been
receipts this week is the
able weather.
that
movement of the
crop.
has been cold and
showery on two days,
have had rain, with snow and
sleet, on one day, but as the
week closes there has been a favorable
change in the weather.
The cause of the small
we
26,750
47,431
although the receipts at the ports
the past week were 121,091
bales, the actual from plantations
were only 93,104
bales, the balance being drawn from stocks- at
•the interior ports.
Last year the receipts from the plantations
us
Mobile, Alabama.—It
and
averaged 42, the extreme range
crop in this
three-quarters of the
Columbus, Georgia.—It has rained slightly on [one day the
past week, the rainfall reaching twenty-five hundredths of an
inch.
The thermometer has
averaged 35.
Savannah, Georgia.— Excepting one day, on which it rained,'
during the week has been cold and dry, the ther¬
mometer averaging 40, and
ranging from 24 to 66. The rainfall
for the week is four hundredths of an inch. We had
light snow
on the 5th inst., but not
enough to measure.
>
Augusta, Georgia.—During the earlier part of' the past week
three days were showery, the rainfall
reaching eleven hundredths
of an inch, but the la* ter
portion has been clear and pleasant.
Planters are sending their crop to market
freely. Average ther¬
mometer 46, highest 63, and lowest 17.
Atlanta, Georgia.—The weather the past week has been ex¬
tremely cold, the coldest since 1835, and there has been much
suffering. Ice formed several inches thick.
Charleston, South Carolina.—It has rained on one day of the
past week, the rainfall reaching ten hundredths of an inch. The
thermometer has ranged from 23 to 61,
averaging 38U
GfciNNY Bags, Bagging,
&q.—Bagging has not moved in any¬
way during the past week, and there is
nothing new to report.
There are no orders in hand, and but little
disposition is shown
to operate.
There is no change in prices, the feeling
being still
weak, and holders are quoting 9@10c., according tq
grade and
quantity. Butts are dull, and the only business doing is for
small parcels.
No large transactions are reported. Prices are
ruling nominal in tone, and dealer are quotipg 2£@2fc., but lesa
would obtain a parcel.
the weather
-
THE CHRONICLE
48
Comparative Port Receipts
'
and
New
D’ys
of
we’k leans.
Bat..
Mon
Tues
Wed
Thur
Frt..
5,287
13,522
1,146
4,242
5,294
5,931
4, ’79, TO FRIDAY, JAN. 10, ’79.
Char¬ Savan¬ Galleston. nah. vest’n.
Mo¬
bile.
Or¬
1,277
3,584
3,608
1,320
2,098
1,709
530
1,504
1,219
3,213
2,077
1,516
3,138
3,600
3,373
2,810
4,033
3,740
1,131
4,610
1,331
1,312
1,657
2,132
Cj
©
05
§
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.
a
PORT REOEIPT8 FROM SATURDAY, JAN.
x#
CO
o
•
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 Crop Movement.—
Nor¬
folk.
All
ming¬ others.
ton.
267
1,510
2,642
1,362
3,058
1,837
1,154
Tot.. 35,422 13,431 10,223 20,694 12,173 11,563
373
1,019
2,882
1,626
149
789
310
378
132
3,552
6,108
Total,
Year
1878.
Bept’mb’r
1877.
October..
Novemb’r
288,848
689,264
779,237i
98,491
578,533
822,493
Decemb’r
893,664
900,119
Tot. year. 2,651,013
1876.
236,868
675,260
901,392
787,769
1875.
169,077
610,316
740,116
821,177
1874.
134,376
536,968
676,295
759,036
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2,399,636 2,601,289 2,340,686 2,106,675 1,858,349
Perc’tage of tot. por
receipts Dec. 31..
50
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14,528
14,394
20,001
23,926
115,255
355,323
576,103
811,668
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Beginning September 1.
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Monthly
Receipts.
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The movement each month since Sept. 1 has been as follows:
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1,609 15,976 121.091
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[Vol] XXVIII.
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This statement shows that up to
Dec. 31 the receipts at the
ports this year were 351,377 bales more than in 1877 and 49,724
bales more than at the same time in 1876.
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
.
H
Ph
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M
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O
g
1877-78.
1876-77.
1875-76.
1874-75.
1873-74.
36,437
14,949
18,957
31,491
20,055
44
5....
S.
44
6....
44
7....
44
8....
33,248
14,528
14,394
20,046
23,926
9....
10....
Total
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15,384
12,671
12,891
13,218
S.
31,768
S.
24,319
17,404
19,321
27,877
14,735
14,174
.32,192
25,942
23,840
16,790
24,787
21,842
•l
S.
S.
36,925
S.
19,702
19,911
11,478
22,417
15,304
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00
50
of
00
rH
05
05
o
4
<t>
§
CO
rH
©
©
CO
00
GO
CO
50
of
50
H
:
00
t>*
*•
00
•
oc
X!
00
■
05
©
rH
©
<-
•
tx
rH
tx
;
CO
t>
00
0
£
S.
40.990
©
©
00
25,033
24,391
10,043
9,764
7,568
13,845
13,640
05
50
05
00
.
44
05
©
fc
2,651,013 2,399,636 2,601,289 2,340,686 2,106,675 1,858,349
Jan 1....
9,614
18,351
18,523
26,517
20,878
16,371
u
2....
8.
22,227
16,245
30,235
14,389
31,240
44
rH
rH
w
T*1 Dec.31
4....
rH
u
1878-79.
44
05
x*
p
O
3....
©
05
05
t>
i>
x*
©
CO
00
S
w
different years.
44
t>l©
<V
rH
%
+3
w
O
H
b
H
Bombay Shipments.—According to our cable despatch received5
to-day, there have been 4,000 bales shipped from Bombay to
Great Britain the past week and 2,000 bales to the Continent ;
while the receipts at Bombay during this week have been 13,000:
bales. The movement since the 1st of January is as-follows.
These figures are brought down to Thursday, Jan. 9.
2,840,382 2,611,537 2,747,007 2,530,375 2,226,832 2,065,302
Shipments this week
Percentage of total
port receipts
6009
6803
60*59
63-68
54-29
Great Conti¬
Great
Brit’n. nent. Total. Britain.
This statement shows that the receipts since
Sept. 1 up to
to-night are now 238,345 bales more than they were to the same
day of the month in 1878, and 93,375 bales more than they
were to the same
day of the month in 1877. We add to the last
table the percentages of total port recefpts which had been
received Jan. 10 in each of the years named.
Cotton Railroad Map.—Mr. Charles Hyllested,
Shipments since Jan. 1.
1879
1878
1877
4,000
3,000
3,000
From the
2,000
3,000
Conti¬
Total.
nent.
4,000
3,000
3,000
6,000
6,000
3,000
Receipts.
This51
Week.
2,000
3,000
Since
Jan. 1.
6,000 13,000
6,000 11,000
3,000 9,000
13,000
11,000
9,000
foregoing it would
appear that, compared with last
bales in the week’s ship¬
decrease of
ments from Bombay to Europe, and that the total movement
since January 1 shows a decrease in shipments of
bales,
compared with the corresponding period of 1878.
year,
there has been
a
Jr has just
useful map of the cottonTh* Exports of Cotton from New York this week show a
growing region compiled originally in 1875. This new issue
decrease,
as oompared with last week, the total reaching 8,639*
gives, in addition to the former one, all railroads since completed
bales,
against
6,573 bales last week. Below we give onr usual
in that section, so that with it one has before him
every cotton table
showing the exports of cotton from New York, and their
route, not only to the Southern ports but overland to the North direction, for each of the last four weeks; also the total
exports
and East. Copies are for sale by C. Hyllested, Jr, stationer and and direction since Sept. 1, 1878, and in the last column the total
printer of the Cotton Exchange, in the Cotton Exchange Building, for the same period of the previous year.
at the reduced price of five dollars.
Ixporti of Cotton(balee) from If ew York since sect.1, 1878*
issued
a
,
revised edit'on of his very
Receipts
fob
December
and
January.—That
our
readers
have before them last year’s figures of port receipts to com¬
pare with the present season’s movement, we carry forward to¬
day, one month further (so as to include February, 1878), our
table of weekly receipts at each
port in 1877-78. The full state¬
ment for January and
February is as follows. For the purpose
of keeping the monthly totals
separate, it will be seen that we
continue, as heretofore, to divide the week where part of it
is in one month and part in the
following month. As for instance,
men ramus
may
Liverpool
Dec.
Dec.
Jan.
18.
25.
1.
8.
3,824
4,746
6,2*3
2,355
600
Other British Ports
....
4,424
4,746
Havre
Other French ports
1,-49
100
the last week of December ended with
Total French
1,749
103
....
January
Bremen and Hanover
100
930
212
....
week
are
January 4 ; hence, under
give those four days and the other three days of the
under
December; and
the two must be added.
to obtain the total for that week
So, also,, the last week of January is
incomplete (being only for 6 days), the week closing on the first
day of February; the remaining one day is, of course, given in
the statement for
February; then again, for the tame reason, the
last week of February is also one day
short, the remaining day
appearing in March:
Hamburg
•
Other ports
Total to N.
Total
«
•
Europe.
Grand Total
•
•
....
100
1,142
1,004
1,710
•
«••••••*•»•••••••
Spain, See
•
•
14 ••
Spain.OportoAGlbralt&rAc
Ul OtuOflt
....
6,223
•
•
•
•
•
•
•
•
1,770
7,2*7
7,753
to
date.
148,441
137,858
791
9,579
1U0
100
3,007
115
816
9,679
3,122
388
9,893
1,202
635
11,146
2,2:0
8,253
11,730
21,620
•
•
•
•
333
3,660
•« •
•v*
•
•
•
6.573
r
year.
2.355
350
•
prey’i
136,27£
....
•
period
189,189
4,*52
...
350
•••
1,004
Jan.
....
Total to Gt« Britain
we
Same
Total
■ZrORTBD TO
•
• • •
3.639
•
•
•
l,58fr
•
•
3,660
163,510
•
•
•
»
•
•
•
•• •
162,600
January
-
The
THE
11, 1879. [
CHRONICLE.
following arethe receipts of cotton at New York, Boston
Cotton
freights the past week have been
f’hiladelDhiaand Baltimore for the nast week* and since Sept. 1, *78
-Liverpool.
Steam.
NEW
bbcb’ts
YORK.
BOSTON.
PHILADELPHIA
This Since
week. Septl.
This Since
week. Septl.
BALTIMORE.
Since
Sept. 1.
New Orleans..
Texas
f
,c07
34,575
1.576
89.274
Savannah
5,434
93,197
Mobile..
73
1,996
18, £90
’480
This Since
week. Septl
1>5
Florida
10,221
61,424
3,.'59
1,175
3,9:9
Virginia
North Tn Porte
Tennessee, &c
•
22,75?
99,5t2
5,331
74, <^88
4,823
Foreign
.*
•
•
1*339 28* 252
2,981
704
58,138
40,192
1,036
7
Total this year
28,068
492,317
5,59) 146,875
'Total last year.
33.241
501,217'
16,7<2it:8.4«
1,549
col
454
R884
9,139
1,6(3
34,237
S3,8ii
—<&*
—
*@9-32
*@9-31
—
c.
25,927
Sales of the week
Forwarded
2,443
2,061
90,037
Sales American
So far as the Southern ports are concerned, these
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
night of this week.
Total
New York—To Liverpool, per steamer3 Republic, 79(i.,..Spain, 32? and
?6 Sea I-land ...City of Berlin, 532... Abys-inia, 624
To Havre, per steamer Labrador. 786 aud 10 Sea Island.,
To Marseilles, per bark V. L. Stafford, 100
To Bremen, per steamer Oder, 338
New Orleans—To Liverpool, per steamers Fire Queen, 2,872...
.Elpis,
...
ba’es.
2,355
796
Total stock
*
* comp,
*
* comp.
X comp.
* comp.
* comp.
X
X comp.
X comp,
—
—
—
—
X
X
X
Y% comp.
-r
—
—
—
% comp. —
% comp. —
FROM
Liver-
3,000
Jan. 3.
38,000
6,000
28,000
3,000
4,000
415,000
283,000
134,000
118,000
27,000
4,000
9,000
1,000
1,000
325,000
200,000
35,000
33,000
10,000
326,000
279,000
202,000
71,000
60,000
15,000
316,000
271,000
Jan. 10.,
64,000
11,000
42,000
5,000
4,000
407,000
285,000
70,000
59,000
13,000
270,000
10,000
270,000
227,000
227,000
The tone of the Liverpool market for spots and futures, each'
day of
tlie past week, and the daily closing prices of spot
cotton, have been as
follows:
f
Market,
12:30 P.M.
Saturd’y. Monday. Tuesday. Wedn’sdy Thursd’y
)
j
Ealer but
Easier but
>iot quota- Hardening not quota- Dull, aud
easie*.
bly lower.
Mid. Upl’ds
Mid. OiTns.
2,200
35,000
6,000
42,000
333,000
Amount afloat
Of which American
Market,
Missou-i. 2,200
I
Dec. 27.
51,000
‘
Of which American
Total import of the week
Of which American
Actual export
Spot.
Constantia, 4,056
bales.
Of which exporters took
Of which speculators took..
....
To Havre, per bark Cittor, 1,574..
per ship Martha Cobb, 4,406....
To Bremen, ptr s e mer Btauaschweig, 3,050....per barks Kath-
inka, 4,122
Auguste, 2.H12
per ship
To Barcelona, per steamer Puerto Rico, 239
To San Sebastian, per bark Curmencita, ICO
c.
* comp.
X comp.
follows:
4,329
26,960
Sail,
c.
Liverpool, Jan. 10—3:30 P. M.—By Cable
sales of the day were 8,000 bales, of which
1,000 bales were for export and speculation.
Of to-day's sales
5,500 bales were American. The weekly movement is given as
2,117 28,496
same
To Bircelona. per ship
M@9-32
cp.
cp.
cp.
cp.
cp.
—@V4
Dec. 20.
89,583 bales.
the
Wed’day..
11-16
11-16
11-16
11-16
11-16
—
c.
<—Hambmrg-*
Steam.
lO’.OOO
Shipping News.—The exports of cotton from the United
States the past week, as per latest mail returns, have reached
are
11—16* cp.
c*
pool.—Estimated
....
,-S’th Carolina
N’th Carolina.
M@9-32
&&9-S2
Friday....
1*46i 29^677
c.
32
Thursday.
73
*495 X4*,6il
Saturday.
Monday..
Taesday..
follows:
as
#—Havre.—, <—Bremen.-—*
Steam. Sail, Steam.
Sail.'
*
Sail.
d.
d.
from
This
week.
49
5
P. M.
5*8
51*16
Heavy.
bly lower.
5*6
51*6
57X6
51*6
5%
530
5^8
5s8
Friday.
Vfod’te in¬
quiry free¬
ly supplied
KX :
?
$
Futures.
Market, ?
5 P. M.
To Bremen, per baric Maiden Queen, 2,650 Uoland.'
To Amsterdam, per barks War Spirit, 4,55'J Upland
Upland
To Barcelona,
per
Algeria, 2,100
barks Harmonia, 615 Upland.... Gna, 1,200 Upland
Truen, 1,200
Texas—To Liverpool, per steamer Lizzie, 3,300....per barks A. E.
Bottsford, 1,400 ...Twee Zusters, 662....Augar, 1,007
To
To
Havre, per bark Dux, 1,325
Oporto, per bark Auna, 1,070
Norfolk—To Liverpool, per shio Edward O’Brien, 6,644
To Bremerhaveo, per bark Flora, 850.
Baltimore—To Liverpool, per steamers Sardinian. 1,196 and 109 Sea
Is'and ...Circassian, 1.667....par ship Kendrick Fish, 200
To Bremen, per steamer Leipzig, 826
Boston—To Liverpool, per s.earners Istrian, 1,909 ...Speke Hall, 646
....Bohemian, 1,297....Canopus, 2,347
Philaeelphia—To Liverpoo’, per steamers Illinois, 455
.
6,650
3,015
6,369
1,325
1,070
6,644
650
8,172
826
6,199
455
Total..
The particulars
follows:
of these shipments, arranged in
Havre Bremen,
Amsand
and
L’ver- Mar- Bremer- ter-
our
usual form,
San
Barce- Sebaa-
pool. eeilles. haven, dam. Reval. Iona.
New York... 2,355
836
New Orleans. 10,785 5,9<2
Mobile
3,50a
^Charleston
Savannah
1,2 M)
Texas
6,359 2,325
6,644
3,172
6,199
Philadelphia.. 455
...
3S8
Op- Natian. ^orto. pies. Total.
3,639
14,U0
2*9
700
2,200
2,650
....
....
1.700
5,032
6,650
...
3,015
1,158
31,876
6,864
....
6,732
13.565
8,764
....
1,070
850
828
3,998
455
8,350
5,032
6,184
700
1,070 1,153
89,586
Below we give all news received to date of disasters to vessels
‘eirryiog cotton from United States ports, etc.:
Illinois, steamer, from Philadelphia for Liverpool, was detained at Dan,
Baker's Shoal in consequence of law water in the Delaware, on Jan. 3.
She passed out io sea at 12:30 P. M. of the 5ih.
Imbus, si earner iBr), Cooper, at Liverpool January 6th from Boston, lost two
boats and had bridge damaged in a gale.
Leipzig, eteamc (Ger ), from Baltimore for Bremen, grounded at the mouth of
the Pa a. sco River on Jan. 3d, on accoun> of low tide. She got off after¬
noon of the 5th and proceeded down the bay.
Macgregor, str., (Br.), Newell from Boston at Liverpool Jan. 3d, reports:
Expeiienced a very heavy eale Dec. 27th, in lat. 51, Ion. 31. The wind
blew with terrific force, causing a tremendous sea. Four life boats
■were washed away. the wheelhouse skylight was stove In
by the waves,
and the sails were blown from the masts in ribbons.. One hundred and
ninety-one head «f cattle and five hundred sheep were lost overboard
during the gale.
Nova Scotian, steamer (Br.), from Baltimore, which arrived at Liverpool Jan.
—,
lost her surgeon’s and purser's rooms, and had six of her crew
injured in gales, tme of whom died.
Tunis, (Br.) The agents for the underwriters held
a survey at Norfolk, J^n.
the steamer Tunis (Br.), from Galveston for Liverpool, and
directed that she re-load her cargo of cotton and \ raceed to her port of
destination.
City of Montreal. The damaged cotton cargo of ship City of Montreal,
before reported, will be sold at aucion at Savannah on January 8th.
Prince Rupert, ship (Br.), Wade, from Savannah at Liverpool, before
on
reported, had bowsprit and figurehead carried away, sustained other
damaye to stern, and lost anchor anl chain.
King Arthur, bark (iron, l,2ll tons, of Liverpool)/'Nelson, from Charleston
with 4.150 hates and 77 bags cotton for Liverpool, was ashore on the
rocks at Barrow, Ireland,-Dec. 31st, and making water. Crew saved.
Seven hundred bales had been saved dry January 6th and the prospects
were favorable.
Roy&l Diadem, b irk (Br.), at Charleston for Amsterdam, before reported,
had discharged her cargo, comprising 1,375 bales wet cotton and 150
hales burned, and damaged.by water. In addition there were some 17
crates
and
of loose cotton.
was
Quieter.
sold
cn
Jan. 2d.
fceady
Dufl, but
Flat.
Tlie baled cotton averaged from 785 to8c0 lbs.,
*t
to-day’s
steady.
lowest p’cs
The actual sales of futures at Liverpool, for the same
week, are given
below. These sales are on the basis of
Uplands* Low Middling clause,
unless otherwise stated.
Saturday.
Delivery.
Jan
Jan.-Feb
d.
Delivery.
d.
Delivery.
5i632®7i6 April-May
'538®ii32 Apr.-May
5H32
Mar.-April...5716^i333
May-June
5*
June-July ...59i6®1932
d.
5i53f
Shipment.
Dec.-Jan.,n.cp.sl., 5 ^5
Monday.
Delivery.
Delivery.
Jan..........5*ig®i®32 May-June.
J an.-Feb. 5133«—1*
Feb.-Mar.
59i«
'2>2i32
June-July
...57jg®i3g2
5 *@1*2 June-July
1738® Hi
Mar.-Apr
Apr.-May. 5
'2)
Shipments.
Dec.,
new
sail
Dec.-Jan.,n.
sail.
.
crop,
5714
crop,
5*$
Tuesday.
Delivery.
Jan
Jan.-Feb
Feb.-Mar
5%
53s ®n32
o*
Mar.-Apr... .5716®i33a
April-May.. .5i°32®7i6
Delivery.
May-June
Mar.-Apr..
Delivery.
5*
5*
Apr.-May
May-June
Jan...............5H32 June-July.
Jan.-Feb
Feb.-Mar
'.....
55jq
May-June.
5it32
51**
51*32
5*e
5**
Wednesday.
Delivery.
Delivery.
I.
Delivery.
Jan
5*2"®* Mar.-April...5H32/®5i6 I Mar.-Apr....
Jan.-Feb
5*2® * May-June
51*2 I
Shipment.
Feb.-Mar
5*8® *2 June-July..... 5*®i&32 Deo.*- new orop,
5 * @ 1132 Feb.-Mar
Apr.-May
5516®*2 I sail
5*®
.
.
Thursday.
,7,494
;
6,199
Total.....35,979 12,959 18,854
2nd
Quiet.
69,586
•are as
Norfolk
Baltimore.
Boston
t
—
Delivery.
Delivery.
Delivery.
Jan.
.593a©* Mar.-Apr
*5» 1 q 7t>*2 June-July
J an.-Feb
5*o ® * Apr. May
Jan.-Feb.
5383>n32
Feb.-Mar
5*o^ * May-June
51*2®* June-July
51*2
5732
5718
Friday.
Delivery.
Jan
Jan.-Feb
Feb.-Mar
Mar.-Apr
Delivery.
54
5*
..5*
5*0
J
Delivery.
April-May*:. ..51I32®* | Apr.-May
51*2
June-July
5i*2 i
Shipment.
Feb.-Mar
5*2 I Dec., new crop,
sail...
5»i8
•
BRE ADSTUFFS.
Friday. P. M., January 10, 1879.
The flour market
active
early in the week, with prices
advancing for the medium and better grades, supplies of which
lad been somewhat reduced by the snow blockade
upon the
railroads. The upward course of wheat has also been an ele¬
ment of strength.
The demand from the trade subsided some¬
what yesterday, and prices of low extras were barely supported.
Production continues on a comparatively moderate scale. To¬
day the market was active and firmer, largo lines of common
shipping extras selling at $3 75@$3 90.
was
The wheat market has been rather
tone and somewhat
more
active, but variable in
irregular in prices. No. 2 red winter declined
on Tuesday to $1 09£@$1 10 on the
spot and for January, and
$1 10£ for February, at which price the demand was quite brisk,
and yesterday there was a slight recovery. Other leading transac¬
tions were at 90c. for No. 3 spring, 93£c. for No. 2 do., $1 05@
$1 06 for No. 2 amber winter, and $1 10@$1 10£.-for Ncq 1
white.
Receipts have been quite small at this point, but con*1
siderable quantities are overdue. To-day, the market was rather
50
THE CHRONICLE.
firm, with considerable sales of No. 2 red winter, spot
January, at $1 Kty.
Indian
and
has been
corn
sparingly offered, and prices have ruled
quite firm, especially for old crop, No. 2 mixed going at
47$@47fc. White at 49c. and yellow 49£c., and new crop has
ruled about steady at 44|c. for No. 3 mixed,
45@45£c. for
steamer No. 2, 45i@48c., for sail No. 2, and 46c. for Southern
yellow on the wharf. Receipts are large at Chicago, and
increased supplies are expected at this market. No. 2 mixed has
sold pretty freely at 45f@45£c. for
February, with some busi¬
ness for May at 46c.
To-day, there was no essential change.
P Rye at some decline was more active, the sales
including
20,000 bush. No. 1 State at 58c.
Barley has been very dull.
Z Oats were active early in the week, and a material
though
somewhat irregular advance was established.
To-day, the market
was firmer, No. 2 graded
closing at 31£c. for mixed and 34£c. for
white.
The
following
No. 2
closing quotations
are
# bbl. $2 3C® 2 91
:
Wheafc-No.3 spring,bush, f0 89®
No. 2 spring
97®
Rejected spring
77®
Red and amber winter 1 03® 1
Red winter No. 2
1 10# ®1 10#
White
1 05® 1 12
Corn—West’n mixed
44 ®
48
3 102b 3 50
3 70® 3 85
ern..
Extra State, &c
Western spring
wheat
3
4
extras
do XX and XXX
do winter shipping ex¬
65® 3 90
25® 5 75
do
tras
do
XX and XXX..
3 85® 4 30
4 50® 5 75
Minnesota patents
Southern bakers1 and fa¬
Rye flour, superfine
white
yellow Southern
White
4 10® 4 60
2 70® 3 00
Barley—Canada West....
State, 4-rowed
2 20® 2 50
2 75® 2 80
1879, and from Dec. 31
State, 2 rowed
Peas-Canada bond&free
Flour,
Wheat,
bbls.
Toledo
Detroit
Cleveland
St. Louis
Peoria
Duluth
Corn,
bush.
86,015
4,777
193,503
2,C63
8,800
15.530
198,556
8,390
....
Oats,
bush.
(56 lbs.)
726,838
(60 lbs.)
489,380
295,900
1U
5,825
week
ending Jan. 4
4, and from Aug. 1 to Jan. 4.
to Jan
(196 lbs.)
37,939
41,564
Chicago
Milwaukee..,
new.
State and Canada
Receipts at lake and river ports for the
At—
46®
49
46®
47
55®
57
56®
59
30® 82#
33®
37
98® 1 25
93® 1 00
78®
83
77®
90
Rye—Western
4 75® 6 00
Corn meal—western,Ac.
Com meal—Br wine. &c.
45#® 47#
Oats—Mixed
mily brands
Sou them shipp’g extras.
No.2,new&old
do
5 50® 8 25
8 75® 4 75
City shipping extras
bush.
15,200
•
•
•
54,450
143,040
193,150
....
....
Total
Previous week
....
*
0
107,703
Corresp’ng week,’78.
111,252
90,818
Corresp’ng week,’77. 100,938
Tot. Dec.31to Jan.4.
Same time 1873
Same time 1877
Same lime 1876
107,708
90,818
100,933
86,744
1,280.544
1,282,474
836,704
1,289,393
798,866
'338,902
bush.
£
535,569
1,231,199
1,280,541
1,289,393
338,902
1,231,199
649,429
836,704
535,569
687,304
Tot Aug. 1 to Jan. 4.. 2,932,034 57,369,403
Same time 1878
2,964,507 44,321,995
Same time 1877
2,744,120 29 930,572
Same time 1376
2,269,187 39,6*8,644
Shipments of flour and grain
ports from Dec. 31 to JaD. 4.
*
Flour,
Wheat,
bbls.
TotDec.31
8ame time
Same time
Same time
to Jan. 4.
1873...
..
1877
109,547
118,610
97,460
412,445
150,277
109,547
97,460
109,412
120,849
268,596
235,088
63,584
46,857
29,265
50,639
109,412
63,584
29,' 265
5/,684
20,296
41,356,788 17,272,425 7,151,323 1,020,927
35,428,518 1 2,661,834 6,586,320 2,056,102
39,881,100 11,313,386 6,077.292 1,83'I,173
20,875,745 14,741,531 4,790.415 1,309,063
from Western lake and river
Corn,
115,'29
455,414
bash.
411,033
89,147
703,582
145,6'3
235,061
157,857
',015
611,465
95,319
96,816
1876
bash.
.
412,445
301,938
150,277
268,596
Oat»,
55
bush.
212,349
69,489
128,750
186,969
Barley,
Rye.
bush.
tush
86,221
18,131
1,121
80,607
80,109
33,687
64,404
11,517
shipments of flour and grain from Western lake
and river
ports.
Week
Flour,
ending—
4, lh79
5, 1678
6, 1877
bbls.
....
89,147
7, 1876
Wheat,
Corn,
Oats,
bush.
bush.
bush.
455,414
703,582
145,663
411,033
550,015
235,061
611.465
212,349
69,439
128,760
136,969
157,857
Barley,
Eye,
bush.
86.221
bush.
18,131
80,007
1,121
33,637
80,109
64,401
11,517
Receipts of flour and grain at seaboard ports for the week
ing Jan. 4, 1879, and from Dec. 31 to Jan. 4.
Flour,
At—
bbls.
New York
84,478
19,044
Boston
Portland
Montreal
4,000
7,425
11,170
Philadelphia
Baltimore
New Orleans
Total
Previous week
Corresp’ng week,’78.
.
142,914
22,400
•
«
Oats,
bueh.
buBh.
Barley,
bush.
32,450
15,112
12,232
800
2,000
14,000
70.078
600
.
305,400
54,000
472.000
21,000
10,037
220
99,333
28,316
148,755
795,320
183,505
179,712
1,253,250
1,091,775
977,056
1,466,324
1,091,775
1,446,324
177,805
59,232
231,242
143,394
177,805
143,394
1,019.0:0
87,874
111,122
59,282
111,122
161,709
1,252,710
283,164
29,280
82,796
Same time 1877
80,917
200,475
1,056,560
795,320
ljC56,5c0
152,355
287,933
Rye,
bush.
56,189
15,600
2,100
20«,3 0
151,300
148,755
179,712
....
Corn,
bush.
361.350
52,750
12,551
Tot.Dec.31 to Jan.4.
Same time 1878
Same time 1876
Wheat,
end¬
7,000
750
....
23,662
20^724
7,534
23,662
7^84
17; 02 4
u;s90
Exports from United States seaboard ports and from Montreal
ending Jan. 4, 1879.
for week
From—
New York
Boston
Portland
Montreal
Philadelphia
Baltimore
f o al for week,.
Flour,
bbls.
60,644
7,401
3,238
Whea%
bash.
953,866
87,075
22,4:0
•
•
•
Corr,
Oats,
328,3*9
bush.
609
79,815
28,168
bush.
•
•
•
•
•
bush.
183,534
Peas,
bush.
2,827
21,200
•
•
•
Rye,
•
250
77,901
79.127
7,035
410,999
335,629
78,568
1,612,241
820,900
....
:
29,377
....
183,534
24,027
Corn,
bush.
Oats,
bueh.
Rye,
bush.
bush.
Peas,
bush.
104,702 1,143,719
639,989
890
19,944
52,066
111,894 2,316,442 1,145,557
47,915
10,623
48.497
88,724
892,803 - 1,183,610
2,682
23,036
8,685
From New Orleans 37,362 bbls. flour, 5,250 bueh. corn, and 20,COO Irtish.
rye.
The visible supply of grain,
comprising the stocks in granary
at the principal points of accumulation at
lake-and
„
seaboard
ports, and in transit by rail and afloat in New York, Jan. 4,
1879, was as follows:
Wheat,
.
In Stork
New York
at—
Corn,
bush.
3,592,017
Albany
Buffalo
Chicago
Milwaukee
Duluth
Toledo
Detroit
2,871.434
504,4t5
510,877
Oswego
501,000
387,805
26,052
144,140
85,270
St. Louis
Boston
Toronto
Montreal.
Philadelphia
26,033
81,‘ 853
486,587
5,590
705,000
43,396
113,156
212,891
16,851
12,630
144.349
23,141
84,801
*869
75] 367
3^2*2
74,065
9,357
3,462
118,853
260,950
51,888
75,420
178,600
549,209
411,033
539
15,687
Kansas City
Baltimore
Rail shipments, week......
Afloat in New York
Total.
Dec. 28, 1878
Dec. 21, 1878....
Dec. 14, 1878
Dec.
7, 1878
Nov. 30. 1878
Nov. 23, 1878
Nov. 16. 1878
Jan. 5, 1878
272,304
439,150
455,414
690,000
18,010,663
18,233,701
...18,917.270
18,842.018
17,045,020
16,208,015
16,497,635
16,565,793
9,691,790
Eye-
bush.
53.250
108,451
479,900
bush.
599,580
1,725
372,000
150,000
\
1,003.842
13,400
171,880
163,552
5.000
737,754
2,147,496
35,910
2,713,376
Barley,
bueh.
933,107
443,709
406,734
1,160,400
559,867
800
1,152,352
5,389,925
Oats,
bueb.
....
-
439,730
11,021
10,729
212,349
320,000
86,2*1
418,000
512,478
22,000
61,364
247,788.
104,330
M53
35,000
36,131
401
900
is’iai
291,000
9,011,795 2,693,476 5,254,294 1,454,029
8,525,819 2,700,310 5.248,452 1,722,965
9.058,672 2.968.674 5,600,192 1,565,184
8.855,364 3,034,889 5,701,568 1,608,215
8,124,150 2,423,417 5,205.152 1,209,820
7,350,653 2,455,966 5,483.938 1,191,963
8,787,375 2,693,774 5,336,644 1,289,6 9
9,236,949 2,818.983 4,966.134 1,186,357
6,129,282 3,586,035 4,467,952
703,370
THE DRY GOODS TRADE.
Friday, P. M., January 10, 1879.
continued
light movement in most descriptions
dry goods the past week, owing partly to the difficulties
imposed upon transportation and travel by the late stormy
weather.
Local jobbers and large „• Western
buyers were,
however, freer purchasers of staple cotton goods, and in this
a
of
Rye,
bush.
Wheat,
Previous week
Two weeks ago
Same time in 1878...
There has been
(32 lbs.) (48 lbs.) (66 lbs.)
i'39,999
50,371
25,963
38,f 50
29,017
13,420
7,331
24
5,800
6,496
1,096
16,800
1,810
48,365
14,363
14,526
55,200
7,500
8,550
156,715
«
Barley,
'
„
bbls.
Indianapolis
Grain.
Superfine State & West¬
Jan.
Jan.
Jan.
Jan.
Flour,
Peoria
Flour.
Rail
[Vol. XXVIII.
connection
liberal sales of fine bleached
shirtings, wide
colored
sheetings,
cottons, &c., were reported by manufacturers*
agents. There was a sluggish demand for men’s-wear woolens,
but duplicate orders for
light-weight fancy cassimeres, worsted
coatings and cheviot suitings were received from early buyers to
a moderate
aggregate amount. Foreign goods remained quiet,
and will probably continue so until
importers are ready to show
new styles of
spring and summer fabrics.
Domestic Cqtton Goods.—The exports of cotton
goods from
this port to foreign markets during the week
endiDg January
7 were 997 packages, since which time an
important shipment of
7,490 packages was made to Shanghai direct (via Suez
Canal) per
steamer “City of
Santiago.” There was an irregular demand for
cotton goods by package
buyers, and transactions were mostly
restricted to leading makes of fine bleached
cottons, wide sheet¬
ings and colored cottons, which were taken with some freedom by
large local and Western jobbers at a slight concession from nom¬
inal holding prices. Fine bleached
shirtings such as Wamsutta
and New York mills were reduced £c.,
per yard by agents, but
cotton goods
generally remained fairly steady at current quota¬
tions.
some
Print cloths
were in moderate demand and firm at
3£c.
cash, for 64x64s, and 2$c., cash, for 56x60s. Shirting- prints
were in moderate
request, but fancy and “patch-work” prints
were in very .light demand.
Domestic Woolen Goods.—Men’s-wear woolens
opened very
quiet, but showed a slight improvement toward the end of the
week
on
the arrival of
some
buyers from the interior.
cassimeres and cheviots met with
continued to make fair deliveries
from
the
clothing trade.
Fancy
moderate sales, and agents
on account of former orders
Worsted
coatings
in steady
ar? in som9
cases sold to arrive.
Keutucky jeans ruled quiet, hut the best
doeskin makes are rather more
firmly held. Satinets remained
quiet, and there was^only a limited demand for tweeds. Dress
goods were in very light request for immediate sales, but fair
orders for spring worsted fabric?,
buntings, &c., were placed with
agents. Shawls ruled quiet, but the late cold weather has stimu¬
lated an increased demand lor small
parcels of fancy-knit woolens
were
request (for moderate selections), and leading makes
and underwear.
Foreign
Dry
Goods.—There
light band-to-mouth
stap’e fabric? at first hands, and jobbers
received a good many orders for small re-assortments of
staple
and fancy goods; but business was
strictly moderate in the aggre¬
gate amount. Silks are fteadily held at current quotations, and
demand for the
was
a
most
the best make3 of black cashmeres
are
firm.
ms m
January 11,
THE CHRONICLE.
1879.]
Importations of Dry Hoods.
The
importations of dry goods at this port for the week ending
Jan. 9, 1879, and for the corresponding
weeks of 1878 and 1877,
have been
follows
as
:
ENTERED FOR CONSUMPTION FOR THE WEEK
ENDING JAN.
1877.
Manufactures of wool.,
1878.
Value.
Pkgs.
1879
Value.
Pkgs
Pkgs.
487
do
$220,748
645
cotton
$259,021
do
do
1,255
silk
flax...
1,354
419,815
394
469
501
Miscell’neous dry goods
405,503
325,357
113,798
1,868
1,000
83,497
671
312,538
218,171
124,494
4,473
$1,148,813
4,171
.
..
'
Total
WITHDRAWN
FR?M
WAREHOUSE
9, 1679.
AND
THROWN
Value.
254
536
174
261
280
$1G7,782
145,729
11,334,039. 1,505
$431,056
INTO
THE
Manufactures of wool.,
do
de
do
224
348
,
cotton
silk.,
flax...
$90,038
164,291
106
477
517
Miscell’neous dry goods
121,200
99,282
f
28,566
©
33,051
Tot. thr’wn upon mark’t
$123,873
133,049
112,471
t—•'">
91,384
15,492
133
252
44
272
$64,711
202
20,971
304,135
431,056
1,672
1503,427
1,316
4,473
908
1,148,813
$476,269
4,171
1,334,089
1,505
6,145
$1,652,240
ao
cotton
do
do
silk
flax
..
.
Misceirneons dry goodt
5,487
$1,810,358
2,413
$116,655
288
596
8S
66
170,191
86,878
$140,689
50i
185
1C8,971
474
125
502
118,679
65,293
118.377
61,083
274
85
173
17
r,628
Total
Add ent’d for cons’mp’n
4,473
Tot’l entered at the port
6,10f
$513,332
6,992
*518,321
615
),l4S,bl8
4,171
1,384,089
1,505
$1,662,145 11,163
$1,852,410
2,120
imports of
The
5,608
House
shows the
66,119
67,549
36,013
10,713
$211^822
431,056
$642,878
returns,
foreign imports of leading articles at this port since
January 1, 1879, and for the same period in 1878:
I The quannr.v is giv^n in nackages when not
otherwise
Since
Jan. 1,
18;9.
Same
1878.
China, Class and
Earthenware-
China
Barthenware..
142
503
.
Class
Glassware
Glass plate....
Buttons
C>al, tons
Cjcoa bags....
Coffee, bags
Cotton, bides
Drugs, Ac—
3,238
....
153
19C
172
193
•
•
•
•
582
Gum, Arabic,...
195
142
indigo
Madder AExt.of
194
Oil, Olive
Opium
:
Soda, bi-carb...
Soda, sal.
124
105
.
46
51,961
•
Hard waie
39
Tin, boxes
Tin slab8,lbs...
Sugar, bxs A bags.
.
58
67
1C 6
8
22
410
34
Gunny cloth
Hemp, bales
Hides, Ac—
Tobacco
16
66
Hides, dressed..
India rubber
47
136
940
142
959
Ivory...
Jewelry, Ac.—
Jewelry
1
*
Watches
Linseed
Molasses..........
37
13
1,776
2,100
1,243
45
Wines, Ac—
Champagne.bkt-.
2.778
..
Fish
Fruits, Ac.—
Lemons
2,09S
929
Nuts
Raisins
Hides, undressed..
83,009
29,560
1,947
121,012
2,107
Spices. Ac.—
Woods—
109
•
•
■ •
37,964
52,313
51,086
199,021
8,258
6,600
1,649
1,023
25,165
399
Logwood
1,115
Mahogany
7,841
20
Exports of Provisions.
The
following are the exports of provisions from New York,
Boston, Baltimore, Philadelphia, Montreal, Portland and New
Orleans, for the week ended Jan. 4, 1879, and their distribution:
To—
Liverpool
London
3,905
1,018
315
133
342
Hull
Bristol
West Hartlepool
75
40
2
Antwerp
Hamburg
*7C
7C
Bremen
•
Rotterdam
Havre
•4
SO
20
218
62
150
50
Marseilles
Continental Ports
West Indies
South and Cent. America.
Other countries.
Brit,
ana
N. A. Colonies..
Total week
Previous we^k
•
285
232
15
10,041
7,152
265
St
297
2,19.C
3,26!
lbs.
fiOR
r
./6,353
•>!C Kftfl
80^000
397.57
40,i00
136,9
1,131,540 2,313,00.
467.800
267,625
749,098 1,844,701
896.800
18,800
1/65,087 1 373 950
92,625
950,475
285,SB
514,50i
504,24(
403.801
18,771
36,300
8 297
500
9,633,414
5.604,164
Tallow,
1,407,925
40*,COO
*
?d 9ftn
*
%
997 140
176,310
*
inr.
91 140
•
8.820
*
*
*
*
19,270
3,271
6t0
597,45‘
2,450
114,670
48,050
34,305
4,400
2.450
8,848'
114,670
213,026.
58,581
122,871
7,648
50,264.
48,050
34,306
4,400
23,301
1,154
23,309
1,154
*
bags.
5
bags.
1.725
5
1,725
4,707
4,707
844
3,087
4,087
844
4,857
1,315
60,604
2,369
4.095
85,884
..bbls.
8,171
8.17*1
15,670
bbls.
180
180
108
bbls.
455
455
1,240
1,795
11,202
715.
Tar
bbls.
bbls.
Pitch
Oil cake
1,795 '
pkgs.
Oil, lard
Oil, whale
146
55
146
55
4,964
4,964
105
1C5
bbls.
galls.
Peanuts
Provisions—
Pork
Beef
Cutmeats
Batter
Cheese
bush.
.1,873
pkgs.
pkgs.
pkgs.
pkgs.
pkgs
5,358
obis.
tcs. & bbls.
.No.
95
1,873
2,290
5,358
581
3,797
581
21,509
17,109
14,120
2,727
15,254
21,509
1,262;
32,261
18,200
kegs
..
7,537
*
17,109
14,120
20,714
2,727
15,254
.
4,98615,14a
621
621
540
3,9 6
3,916
1,573
pkgs.
788
Spelter
788
slabs.
Stearine
1,725
pkgs.
1,7<5
418
418
bbls.
hhds
1,775
*1,775
40
1,834
1,776
1,884
2,011
2,890
Sugar
Sugar
Tallow
Tobacco.
Tobacco..
bxs. and
pkgs.
cases.
hhds.
Whiskey
bbls.
bales.
Wool
898
.
475
1,776
542
542
985
5,246
5.246
*1,207
1,207
3,441
1,419
Exports of Leading Articles of Domestic Produce.
The
following table, based
the exports
Week ending Sirce Jau. 1,
Jan. 7.
lb79.
-
Ashes, pots
Ashes, pearls
bbls.
bbls.
3>s.
Beeswax
Breadstuff's—
Flour, wheat
Flour, rye
bbls.
bbls.
bbls.
Com meal.....
Wheat
•
•
•
220*,COO
Hid
«,rn
Same time
lastyeai
•
36,926
bush.
•
•
36,926
199
199
3,400
723,555
132,4( 9
3,7
704,.
27,58
488
54,250
3,796
320,12$
■>
......pkgs.
1,419
tons.
1,000
4,438
1,027
4,438
1,02?
589
414
414
1,512*
pkgs.
Pitch
Oil cake
Oils—
Whale
Sperm
2,877
170,119
1,419
1,000
25a
1,309
9,481
bales.
bales.
1,300
bbls.
bbls.
"ii»
113
239
5,091
5,091
135
51
6,173
135
61
25
100
30,413
30,413
41,793
bbls.
bbls.
bbls.
cwts.
;
1,300
/
3,280
gals.
8,029
gals.
36,77?
gals.
....gals.
gals.
Petroleum
Provisions—
Pork....
Beef
*
5,877
176,119
bales.
Lard
Linseed
•
...hush.
Naval Stores—
Crude turpentine
bbls.
bbls.
tier:es.
•i'S.
...
15,752
15,752
462
462
2,178,531
2,178,531
2,851,iOQ
2,620
2,6W
4,879
581
422
581
422
1.407
14,066,246-
919
11,117,593
11,117,693
lbs
365,214
lbs.
973.734
365,214
973/37
lbs.
5,976,240
5,976,240
580
580
£8
735,683
735,688
1,067,321
cases.
776
858
776
858
Tobacco, manufactured
lbs.
123,562
123,562
Whalebone...
lbs.
Tallow
*9,017. 1.406.462 1.910,787
•
488
Hay
Hops
5,952
1,833,504 -1,872,956
•
bush.
Domestics
3*439
•
•
5
bush.
Peas
Corn
Candles
Coal
Cotton
Cheese.
Lard
Rice
•
•
...bush.
bush.
Barley
Beef
Cutmeats...
Butter
65
8,400
723,555
182,409
Rye
Tobacco, leaf
Tobacco
19
15
885,050
bbls.
Spiiits turpentine
lbs.
196 920
•
175.640
1,880
Cheese,
lbs.
3,955,411 10,434,537
•
Glasgow
Bacon,
lbs.
3,783
244,200
Rosin
Tar
Lard,
244,200
1,315
60,604
2,869
Turpentine, crude
Turpentine, spirits.
Rosin
Beef,
Pork. bbls.
bbls & tcs.
104,114.
2,812
hhas.
Oats
8,001
Fustic
70,423
6,951
559
Cork
70,423
2,8)2
12,916
Cassia....
Ginger
Pepper
bbls.
bbls.
upon Custom House returns, showa
from New Vork of all leading articles of domestic
,4,468 produce for the week ending with
Tuesday last; also the exports
4,340
283
lrom the 1st of January, 1879, to the same
day, and for the
corresponding period in 1878:
$
30
1,671
15,441
13,045
4,688
21,155
23,564
Oranges
2,791
$
28,10:
Saltpetre
31
7
3
3,310
63,107
Rice
Bristles
914
8,613
23,407
Waste
-
55,118
751
22,356
456,883
1,997
602
8u^ar, hhds, tcs. A
Fancy goods..
•
4
16,019
Paper Stock
25 Corks
618
l.j
m
2,7b*
pigs
Hogs, dressed
66
670
1,139 Cigars
.
1878.
1,500
Steel
value
Leather
Lead
Molasses
Molasses
Naval Stores—
Lard
Lard
time
65
1,080
No.
bales.
bales.
sides
Eggs
Same
59
Lead, pigs
Spelter, Tbs
Wines
17 Wool, bales
410 Articles
reported by
843
61
Hair
•
1,639
’m
Flax
Furs
•
Peas
Cotton
Cotton «eed oil
Flax 8eed...:
Grass seed.
Rice..
Metals, Ac.—
Cutlery
Tea
Gambler
Sodaash
845
2:9
84
427
-
....
Bark, Peruvian.
Blea. powders.;
Cochineal
Cream Tartar..
126
369
220
/
74
89
291
439
53.148
specified.]
Since
Jao. 1,
1879.
time
Barley and malt
Hides
$30,823
65
1,080
bush.
bush.
bush.
bush.
bales.
bbls.
Oats
Hides....
$735,191
Leading Articles.
following table, compiled from Custom
Corn
Same me
last year.
bbls.
bbls.
bush.
hush.
Hops.
303
30,137
Ashes
Beans
Breadstuff's—
Rye
45,824
57,054
upon
Week ending Since Jan. 1,
Jan. 7.
1879.
Corn meal
115,575
ENTERED FOR WAREHOUSING DURING SAME PERIOD.
Manufactures of wool.,
daily reports made to the
Exchange, shows the receipts of leading
articles of domestic produce in New York for the week
ending
with Tuesday last
(corresponding with the week for exports)* also*
the receipts from January 1,
1879, to that day, and for the corres¬
ponding period in 1878:
<;
Flour, wheat
MARKET DURING
I
Total
Add ent’d for cons’mp’D
following table, based
of Domestic Produce.
New York Produce
Wheat
cs
1-H
C*
Receipts of Leading Articles
The
96,529
47,965
THE 8AME PERIOD.
.
51
.
<•
bbls.
bales and
hhds.
!••••
•
• * ••
65,645
1,946.963
7, J23,078
.
2,039
3,276
180,060
.
5?
THE CHRONICLE
Financial.
Trask
&
BANKERS
70
Francis,
AND
BROKERS.
Commercial Cards.
Commercial
George A. Clark & Bro.,
Russell &
on
Deposits Received and Interest Allowed.
Country Banks and Bankers
on
BANKERS
In-additlon to
General
a
AGENTS
STREET,
Barking Business, buy and
sell Government Bonds and Investment Securities.
Washington Mills* Cliicopee Mfg Co,,
Burlington Woolen Co.,
Eller ton New Mills,
Atlantic Cotton Mills,
Saratoga Victory Mfg Co,,
Hosiery.
Peck, Gilbert & Co.,
AND
STOCK
Shirts and
BOSTON,
j. *■ w. t>a vton. 230
Hatch & Foote,
BONDS,
GOLD,
MISCELLANEOUS
STOCKS
AN
McKim Brothers &
Co.,
A full
THE
It is
BANKERS,
York.
General Banking Business, Including the
purchase and sale of STOCKS, BONDS and GOLD
for cash
or on a
margin.
Investment Securities For Sale*.
P.
Ar. M. Kfddub.
C.
O. BOX 2,647.
W,MoLxllan.-Jk.
W. XBASE.
miscellaneous.
John Dwight & Co.,
MANUFACTURERS OF
SITPE R-C ARSON ATE
OF
SODA.
No.
The
11
Old
Slip,
New York.
Jobbing Trade ONLY Supplied.
John F. Wheless & Co.,
COTTON
MERCHANTS,
NASHVILLE, TENNESSEE.
Special attent'on given to Spinners’ orders. Corre¬
spondence solicited.
References.-Third and Fourth National Banks
and Proprietors of The Chronicle.
a
MANCHESTER, N. H.
ARESTAS
tm.
Numbers,
303-404-1 70-351 -332,
and his other
styles may be had of all dealers
throughout the world.
Joseph Gillott & Sons,
BLOOD,
Superintendent,
Street.
Manchester, N. H
MERCANTILE
W. G. MEANS,
Treasurer,
40 Water street, Boston
AGENCY.
tle carelessness in economy, would surely
bring the
balance on the wrong side at the end of the
year.
It is a great mistake to suppose that
large profits
adaptation^ to altered business necessities, upon are made at pres nt prices. We repeat
that it is
the same plan as it was originally commenced with. with the
utmost difficulty the business is done at all
Many efforts have b^en made, not only to imitate without increasing them.
it closely, but also to improve upon its plans;
We are not a stock company, wiih
bnt,
nom¬
notwithstanding all the sp cial features held forth inal assets in stock certificates. Wemerely
are a firm—
to allnre patronage, they ha'e all ended in disaster the
co-partners
are publicly known or can be ascer¬
and ruin. Some of the concerns which have thus tained at
any time by inquiry at any of our offices.
attempted improvements and in consequence fallen There is no secret whatever abont it. We make no
into difficulty, have, by revolving themselves into boast of our
resources, but it can easily be ascer¬
stock companies, and extinguishing existing lia¬ tained
that, aside from the large capital employed
bilities by distributing certificates of stock to cred¬ in the
business; all the
itors whom they could not otherwise pay, have of well-known value partners have investments
outside, quite sufficient to
contrived to
prolong existence; but the end comes
at last, and it is always ihe same. The success
-which_has Attended our own career is largely due to
the fact that our business is m the hands of men
give assurance of security and safety to those who
intrust us with their interests; and, above and be¬
yond all this,
of
New York.
we have, as above observed, a record
honestly-fulfilled obi Rations extending over
who have spent their whole lives in
it; who may, in nearly forty yea s. In view of the disasters and
fact, be said to have maue it the sole business of discredit which the year now
closing has witnessed
their lives; while the various
competing offices in c llapsed agencies (no less than five having
ha\e been started and conducted
by men who, as a faled in New York alone), it is simple
to
general thug, have taken up the business late in ourselves ihat we should put these facts iDjustice
emphatic
life without previous training,
knowledge or exper terms before the commercial public, *nd thus shake
ience. In fact, it seems as though men who could from our skirts the
disgrace and contumely which
succeed at nothing else thought they had some such
pretenders at the agency business have
special aptitude for agency work, when in reality brought upon its very .name,
and to ask, further¬
they had
none
whatever, and had
not
even
the
rudimentary knowledge of its eperations. Is it,
then, any wonder that we should look upon such
competition with contempt? Two of our present
partners have spent thiriy four years in the busi¬
ness, and all of them have been in it over a
quarter of a century. Many t f the managers of
our
branch
offices
have been connected with
us
twenty years and upward. If all thi9 counts for
nothing, then experience and business training are
or no value.
It is time that these
ered by those whose
things
were properly consid¬
support and patronage for
agency purposes is sought. A vast deal of money
has been literally th own away by
uhdiscriminating
support of various visionary projects, which money,
rightly app'ied, would have produced great and
beneficial eff cts to the community
'Hie fact is
that there is really money enough subscribed
by
business men to do the work, efficiently, if
it were
properly applied, bnt it is so divided up among the
different charlatans engaged in the business as to
destroy the very object sought after. We have a
list now before us of no less than
forty-one Mer¬
Commercial
cantile,
and
Collecting Agencies
which have all ended in
bankruptcy within a few
years and in loss to those who patronize them.
Probably some millions of dollars have been lost in
this way in unfulfilled subscription contracts and
more, ihat a fair discrimination between us and
those who are unworthy of beii.g ca led
competit¬
ors should be made.
We are quite willing to be
judged upon our own merits and our own conduct;
but we protest against being classed
among ihe
host of quacks who have neither capital nor facili¬
ties for th<? business they are conducting.
Our Reference Bo< k, containing capital and
credit ratings, is now issued as usual. The material
for it has been collected with unusual care,
and we
feel confident that we may safely say in advance
that we have neY<r issued a book upon which more
labor and thoroughness have been
expended. A
careful Abstract of the Assignment and
Insolvency
Laws of the various States has been
prepared,
which, with the usual synopses of Collection Laws,
dates of the
sittings of all the Courts, &c., will ap¬
pear in our Appendix.
Bar nearly perfect as will be the Reference
Book,
it will be but a mere index to the vast store of de¬
tailed infoimotion wbicn our records
contain, re¬
gards g the Antecedents, Character, Capacity, and
Credit of all Business Men. These reports are
pe¬
riod cally revised, and are freshened with the
record of each-day’s occurrences.
T^e merchant and banker wbo neglects to avail
himself of the valuable information gleaned and
confirmed by our
v
EIGHTY BRANCH
collections made and unaccounted for.
IIi8 Celebrated
Amoskeag Steam
Engines,
now
for
COMMISSION
and
Fire
cantile
COR. OP WALL STREET AND BROADWAY
a
'
very nearly forty years since The Mer¬
Aoency was established, and it is still con¬
ducted upon the same principles, and with
slight
cG Co.
Transact
Works,
MANUFACTURERS OF
Banting Company.
Dnane
CO., of China,
Locomotive
Locomotives
supply all Widths and Colors always in stock.
No. 109
BY
MANCHESTER
AWNJNG STRIPES.’
States
&
104 Wall St., New York.
Also, Agents
United
Street, New York.
New
REPRESENTED
OLYPHANT
COTTON canvas, FELTING DUCK, CAR Cu Ell
ING, BAGGING. RAVENS DUCK, SAIL TWINE&
&C. « ONTARIO ’ SEAMLESS BAGS,
BANKERS,
7 Wall
Canton, China.
COTTON SAILDUCK
“
MERCHANTS,
Hong Kong, Shanghai, Foochow and
And all kinds of
SECURITIES.
Co.,
Street.
COMMISSION
SELL
BOSTON.
Olyphant &
PHILADELPHIA.
BROKERS.
MERCHANT,
Exchange Place,
15 Chaunosy St.
Manufacturers and Dealers lc
GOVERNMENT
14
Parker,
Post Office Box 2.634.
Brinckerhoff, Turner
& Co.,
AND
COMMISSION
Drawers
Stocks bought and sold on the NEW YORK STOCK
EXCHANGE on a margin of 8 percent, If desired
Equal attention given to small and large Investments.
Any Information given personally or by mail. Firstclass references.
BUT
Charles E.
From Various Mills.
NEW YORK,
45 White Street.
Wall),
BANKERS, No. 12 WALL STREET
AGENT,
s. W POMEROY Jr.. 59 Wall St.. N. Y.
FOR
AND
BANKERS
Head
E.R.Mudge,Sawyer&Co
,
No. 16 Broad St. (near
Hong Kong & Shanghai
Banking
Corporation,
Office, Hong Kong.
iHilward’s helix needles.
400 BROADWAY, NEW YORK.
Gilman, Son & Co.,
CEDAR
Boston Agency.
) New York Agency,
J. MURRAY FORBES, > S. W. POMEROY
Jr..
80 Central Street. )
59 Wall St., N. Y.
‘HP
re
favorable terms.
62
Hong Kong, Canton, Amoy, Foochow,
Shanghai and Hankow, China.
Margins.
8F* Accounts of
celved
Co.,
MERCHANTS
AND SHIP AGENTS.
V/thadex*
General Banking Business.
STOCKS, BONDS and GOLD Bought and Sold on
a
•Commission, and carried
Cards.
C OM MISSION
Broadway & 15 New St., New York
Transact
VOL. XXVIII
The truth is, that at our present
prices it is diffi¬
cult to make any profit, and any attempt to
cut un¬
der th‘ m must, of necess ty result either in unful¬
filled undertakings or in ultimate ruin to those who
assume them.
Our organization is so complete
that we can make any given amount of
money go
further than others can, a d although our total rev¬
is probably three times as great as all others
in the business combined, yet, while
exercising the
greatest care and economy, it is difficu t f. r us to
accomplish the purpose sought and make any profit
to ourselves. A little relaxation of vigilance,
a lit¬
enue
OFFICES,
each with a thoroughly well
equipped staff, and the
results of the careful observation of an
army of
correspondents, places himself at
a
serious disad¬
vantage.
We are at all times pleased to
trate our methods of business to
its aid, and, soliciting an
ties,
we are,
exp’ain and illus¬
parties
investigation of
Respectfully,
requiring
our
facili¬
DUN, BARLOW & CO.
314 & 316
BROADWAY, Jan. 7, 1679.
@FedFRASER