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SHNrMtj.
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REPRESENTING THE INDUSTRIAL AND COMMERCIAL
<
MAGAZINE.
ME EC HA NTS*
HUNT’S
INTERESTS OF THE UNITED STATES;
NO. 655*
SATURDAY, JANUARY 12, 1878.
>L 26.
ing committee and the whole tone of the meeting are a
continuance of the original movement, and are very
THE CHRONICLE.
of the United
25
positive and. significant. Thus -the subject stands &t^
The Expediency of Silver
81
Pros*
| Imports and Exports
Financial Condition and
am
present, hnt the action of the banks shonld not he misin¬
pecte of New York CRt
28 Latest Monetary and Commercial
Great Britain Daring 18T7
271 English News.
82
terpreted. It is in no wise a threat or intended for one;
Railroad Bandage....
301 Commercial and Miscellaneous
I News.
it means simply that the financial interests of the East
THE BANKERS’ GAZETTE.
realize the duty of self-protection, and are determined*
Money Market. U. 8. Securities,
I Quotations of Stocks and Bonds. 88
Railway Stocks, Gold Market,
i Investments, and State, City and
if they cannot stay the movement to debase the cur¬
Foreign Exchange, N. Y. City
Corporation Finances
89
Banks, National Banks, etc..... 35 J
rency of the country, to brace themselves against its
CONTENTS.
.
THE COMMERCIAL TIMES.
Commercial Epiton*e •
• «-• •
•
• • •
CoOkm.....
Breadstnffs
47
42 I Dry Goods
42 Imports, Exports and Receipts....
46 Prices Current
4{
41
$[>f Chronicle.
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issued on Satur¬
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‘
t ,(■
centia
BP" The Business Department of the Chronicln Is represented among
Finautial Interests to New York City by Mr. Fred. W. Joaes.
■
V:
I
'
TBB EXPEDIENCY OP SIL1BB.
!
v
meeting on Wednesday last unanimously
adopted the report of the committee appointed on
Saturday, the conclusion of which was that a committee
should be appointed to memorialize Congress against the
passage of any hill authorizing any other than a subsid¬
iary coinage of silver, unless the value were regulated by
it& bullion contents. The further duty of the committee
The banks9
the Boston Board of Trade ha$
general
subject, which, without indicating any line of action to t
be followed in the event of the passage of the hiU, is,
submitted to
Congress
a
memorial
on
the
remarkable for the tenseness and clearness
same
with which it,
as “approved,
propositions represented correctly
by history, sound political economy, and the opinion of
merchants and other classes of practical business, xx^en
throughout the country.” Emphatic resolutions con¬
demnatory of the silver movement have just beep passed
by the Assembly of this State by a nearly unanimous
vote, and it is also extremely gratifying to read the earn¬
groups
and protest sent Tuesday from the
Chamber of Commerce of New Orleans, and to-day from
est
Transient advertisements are published at 25 cents per line for each insertion,
but when definite orders are given for five, or more, insertions, a liberal dis¬
count in made. No promise of continuous publication in me best place can be
—■1
destructive effects.
We notice, also, that
remonstrance
Exchange of Savannah. These concurrent
and hearty expressions cannot pass unheeded.
Several weeks ago, in order to show to those who ap¬
parently care for no other consideration than the inexpe¬
diency of Applying to- the public debt the clip .proposed.,
by the Bland hill, we made a comparison between the
possible immediate results of such a cUp and those pos¬
sible under continued refunding, treating the subject,
for the occasion, from the single and narrow view of
the Cotton
.
expediency. This showing, which
saving of nerrly 19 millions hy refumding|^fi6m^
pared with the silver clip, is criticised by the Atlanta
(Ga.) Constitution, in a manner we sincerely regret to
see.
That journal pronounces our figures “one-sided
and fallacious,” and charges that “ they do not state the
entire saving that would follow the institution of silver
payments;” it then proceeds to give what it calls “ the
whole truth in figures, against which unsupported state¬
ments, however plausible, are altogether superfluous.”
It is, perhaps, unnecessary to say that our figures were
carefully made and are literally correct; and whether
this journal is a “Wall street organ,” or something
else, has nothing to do with its treatment of
the silver question, the only point being whether its
temporary
a
communication with all clearing houses,
inviting concurrence of all financial institutions in the
above-named memorial, and urging all business men to
place their affairs upon a gold basis as speedily as may
be; to prepare and submit to the financial institutions of
the several cities definite measures a&soon as practicable,
and to invite simultaneous meetings in those cities when¬
But let ns
ever any matter is ready for submission—-“all with a figures are correct and its reasoning sound.
as briefly as possible see how pur critic figures out an
view of attuning resumption as early as events should
error.
First, by adding about $500,000,000 to the piin?*
prove to be practicable.” This appointment of a stand¬
is to he to open
v
“
“
-
26
'?-*
"i\.
.m
.1
cipal of the debt,* he easily raises the eight-cents clip
nearly $40,000,000. We were careful to state that only one
issue of bonds has thirty years to run, most of the debt
maturing in three to ten and a half years; furthermore,
we computed the interest saving on each class separately,
according to its duration, and used the same computa¬
refunding. The
tions in respect to silver as in respect to
Constitution actually assumes thirty years as the term
for all the bonds, computes accordingly the interest sav¬
ing by the silver clip, and then compares the thus swol¬
len total with the saving we computed as possible by
refunding! That is to say, it overstates heavily the
principal sum, more than doubles the term of the bonds
(violating plain facts in order to do so), and'then com¬
pares the thus swollen silver figures with our unchanged
figures relative to refunding. Of course, it is easy by
euch manipulation to turn $225,000,000 into $408,000,000
as “ the whole truth in figures.”
We have great distaste for newspaper controversies;
yet the gravity of the subject, and the harm an in¬
fluential journal may- d6 in a section which (if we are to
judge from the votes of its representatives in Con¬
gress) is greatly in error about it, are the reasons for
,
noticing these palpable misrepresentations. But what
shall be thought of a cause which needs to be served
by such astonishingly faulty and disingenuous handling
of figures? We invite the readers of the journal in
-question to test the matter for themselves upon official
data, and judge the silver lunacy by the recklessness
of its advocates. Nor is there any point in the objec¬
tion that it is impossible to fund all the debt imme¬
diately; that is true; but it is also impossible to apply
the silver clip immediately, for several reasons, one of
them being that the Government has not the silver with
which to do so ; that if it could get the silver, it would
have to buy it with bonds tainted by this partial repu¬
diation, and that the mints could not coin it rapidly
bonds to the Government;
the interest paid—improperly treated as
clear profits made by bondholders ”—is stricken out,
the total of 3,200 millions of such “profits” is mate¬
rially reducedl To refute figuring of this sort would be
foolishness, for any conceivable results can be produced
by simply making the requisite assumptions.
Nor
does it seem as if it ought to be necessary to
u
against the idea that the Government, after
a certain
contract, is at liberty, fifteen
years afterwards, to scale that contract to what it
might perhaps have been made, but was not. At what¬
ever gold price the bonds were placed, the erroneus
fiscal policy which helped make their discount was the
choice of the Government, not of the lender, and the
circumstances were not the latter’s fault; besides, the
owners of the bonds now are not the same they were
then; they have been changing every day since. ‘ More¬
over, the Government is the people; the real owners
of the bonds held at home from which the silver clip
proposes to take 8 or 10 per cent are persons of moder¬
ate means—savings bank depositors, life insurers, pro¬
ducers and tax-payers; to ask whether “the tax-payer
sfiallbe denied the right of holding the bondholder to the
in—
of the contract” is misusing language
financial
ground.
PROSPECTS OF NEW TORE C1TT.
The condition of the finances of this city is so sugges¬
tive of imperative necessity for improvement that any
trustworthy statistics on the subject possess unusual
interest, and are likely to be examined with unusual
attention by the heavy tax-payers, to whose persistent
FINANCIAL CONDITION AND
condition is largely due. The
following comparative statement is a summary of finan¬
cial condition at the close of 1877 and 1876 :
indifference the present
,
31,1877/
Dec. 51,1871.
$121,440,133
$119,681,313
$90,360,125
$91,335,085
Dec.
Funded debt, payable
from taxation and from the
Sinking Fund
Deduct bonds in Sinking Fund
permanent debt
Net
Temporary debt,
payable wholly or in part from
assessments
.
.
$21,329,500
i.
bonds, special
307,925
1375
Revenue bonds, 1876...
Revenue bonds, 1877
490,000
5,343,500
Revenue
28,296,247
81,030,007
.
$23,371,400
560,845
540,000
5,004,500
Revenue bonds,
$27,350,925
the bonds from 55 cents to
120; and when
protest
making
-
for the ^tax¬
payer ” and .the “ bondholder ” are not distinct persons.
The strength of the silver agitation lies mainly in the per¬
sistent attempt to represent the people as one clastf and
the bondholders as another, and against this we protest,
as being false in fabt and deceiving in conclusion. ;• The
people of the United States owe the people; and what
debt is held abroad would be very dearly reduced by the
destruction of the public credit.
Even if it is true that
very little of the debt is held in Georgia, or even in the
whole South, to favor the silver clip is a most mistaken
notion of expediency for the South, waiving the moral
view entirely. Her heavy vote for the Bland bill and the
Ewing repeal bill would appear to be evidences of a
prevailing opinion hostile to resumption; and yet the
South has everything to gain, and in reality nothing to
suffer, by resumption and adherence to sound finance;
and those who seek to array her as a putative “ debtor”
against the “ creditor” and “ bondholder” class are doing
that section great harm, and, as we believe, wholly mis¬
representing it. In no narrower spirit than a desire for
the welfare of the whole country and its speedy emer¬
gence from the long period of trial into a condition of
unprecedented and real prosperity, we most earnestly
urge the pressing steadfastly forward toward solid
terms
enough. The case we made is hypothetical, but as
applicable to one side of the comparison as the other,
and is perfectly fair.
It would be unnecessary to follow the Constitution
in its remaining computations, even if they were not
discredited by the manipulations already mentioned ;
fifty-five cents • is too low an estimate of the
average original yield of the
the act of 1869 did not raise
ryoi* xxvl
THE, CHRONICLE
$28,476,245
,
$119,811,310
$117,741,060
Total.....
analysis of the debt, somewhat more detailed and.
in a different form from this, was given in The Chron¬
icle for February 10 last, page 124.
The following
statement of debt during the last ten years is given in
the Mayor’s annual message, to which we add valuation
An
and ratio of debt:
,
Debt.
Endef
\
.
Rati* of Debt
Valuation. to Valuation.
,
S’*
1875
$908,436,527
965,326,614
1,047,388,449
1,076,249,483
1,104,128,087
1,129,291,023
1.154,029,176
1,100,931,699
1876
1,111,054,343
10*80
1,101,092,093
10*69
1868
1869...
47,791,840
1870
73,378,552“
1871..
•
•• •»
• • ••
««•
83,369,386
1872.
1873.;....'.......,
1874.....
106,363,471
■
„
'
;
4*95
7*65
8-31
8*66
9*48
9 99
10*60
notable fact shown by these figures is that
the ratio of dqbt to valuation has begun to decline, and
that—what is of much more consequence—the volume
of debt itself has ceased to swell and has begun a mod¬
erate recession.
Looking at the first table presented,
we fibd decrements as follows: $2,783,760 by increase of
The most
the
sinking fund, to be set off against
$1,808,820 in
■'tfi-V
'
.-*'•
January
V
•
27
THE CHKONICLfc
12, 1878.]
salaries for
last
years, the total for
fnnded debt, leaving a net
1878 being $9,634,795, against $10,082,626 for 1872decrease of $974,940 in that class of debt; in the tem¬
But there is an omission here of salaries of the teachers,
porary debt are decrements of $1,041,900 in the assess¬ and the total
salary account is not less than $11,337,247^
ment bonds, $252,420 in' the special revenue bonds,
moreover, all the reduction proposed from the figures
$540,000 in the total extinguishment of the revenue
of 1877 is $57,772. This should not be deemed surpris¬
bonds of 1875, and $4,604,500 of those of 1876 paid off;
ing. It is not in human nature for men to reduce their
against these are to be set off $5,343,500 revenue bonds own salaries or to
resign their places, in order to lighten
of 1877 issued, making a net reduction of $2,070,260 in
the public burden; the motive must come from without,,
the total account. Or, to state it more summarily, the
and it must be sheer compulsion. If we expect the
result of the year’s financial operations is this: $1,808,820
heads of departments to do the work, we again expect
was- borrowed as permanent debt, and $5,343,500 as
human nature to turn against itself, for they have no
temporary debt in anticipation of the year’s tax receipts;
motive. As has been fully and repeatedly shown in
$2,783,760 was put into the sinking fund, and $6,438,820
these columns, the city government has been so buffeted
of revenue and assessment debt was paid off; the city
borrowed $7,152,320, and paid off $9,222,580f making a back and forth between the city and Albany, and so
net reduction of $2,070,260.
How far this reduction is tangled with irresponsible commissions and the like,
that there is no power anywhere and no accountability;
due to transient causes—such as, for instance, the mod¬
erate receipts from compounding with the Tweed ring— responsibility shifts from bureau to department, then to
a powerless Mayor, and finally* goes to Albany, where it
the Mayor does not say; but it is, perhaps, enough at
is diffused over the State and lost entirely. The best
present to note the fact of a reduction with satisfactionIt is satisfactory to note that notwithstanding the men, even if they do get into place, are deprived
The per¬
of
ambition under such a condition.
city’s credit has been abused it is still excellent.
performance of official routine, and the
All but one or two issues of its bonds are held functory
obstinate adherence to salaries, may go on as long as the
at
a
premium; the 3£ millions of permanent
bonds issued during the calendar year 1877 vrere city’s credit lasts; but it will never change until thes*
radical fault3 are changed. Nor would it be safe to
placed at from par to 102*05, and the city can still
the finances have permanently altered for
borrow on such rates, at 5 per cent, any ordinary amounts. assume that
the better. It is more just to conclude that the increase
Approximately, 5 per cent of the debt is at 5 per cent;
60 per cent at 6, and 35 per cent at 7.
Boston has about of debt has been checked, but that the tendencies to
erease
the
tions for
in the permanent
seven
with one issue at 4£; two or three renew the increase remain; they are inherent in the
small issues bear 7, and the rest 6. Baltimore pays 6, present abnormal position of affairs, and there is no per¬
manent remedy but to change that position.
The best
except on two small issues at 5. Brooklyn mostly pays
7, and has nothing below 6. Philadelphia pays 6, except instrumentality for doing so is offered in the pending
on one issue of 5s.
St. Louis pays 7 on one issue, and 6 Constitutional amendments, which were with difficulty
and 6 gold on the rest; Cincinnati pays from 5 to 7*30; saved at Albany last spring, and will very probably be
St. Paul pays as high as 12; other Northern cities pay smothered by the present Legislature unless the slow
.6 and 7, with a few exceptions as low as 4 and as high as public opinion of the State and city arouses in their
10. Boston thus seems to be the only city more favored behalf.
one-half at 5 and 5£,
than this
one as a
borrower.
GREAT BRITAIN DURING 1877.
Refunding has been and is still talked of, and the
(By onr London Correspondent.)
Mayor thinks that, after paying the current premium,
Numerous causes have interposed to prevent the year 1877 from
the debt could be consolidated in a long bond at 4£, at
being a prosperous one. On all sides there have been complaints
an interest saving of a million, and that one-fourth of
that trade was bad, and in financial circles there has been
the total issue of such a bond could be placed among
scarcely any improvement, even compared with the depressed
the industrial classes,
Undoubtedly the debt needs
period which had existed in the former year. In 1876, so great
unification and simplifying, for there are some fifty
had been the contraction of business that the Bank of England
issues, at four rates of interest, and at least twenty-five
bad accumulated, in September,a supply of bullion amounting to
kinds of bonds, but this estimate seems over-sanguine;
£35,017,529, while the reserve of notes and coin was as much as
the city has not the power to pay off more than a mod¬
£22,246,069, being 63*11 per cent of its liabilities. The year
erate portion of the debt—even were the funds in
hand—and no voluntary exchange of bonds yet far from 1877, however, has not been remarkable for each astounding and,
it haB been far
maturity will be made except on onerous terms. But certainly, unsatisfactory results, and although
from a year of prosperity, yet there has been less unemployed
there are several things which need to be done. In the
first place, the thoroughly vicious system of revenue money, and capitalists have been able to obtain semewhat better
terms from borrowers.
At the same time, although the value of
bonding—“ living ten months in advance of our income,’i
the Mayor calls it—which is still in full operation^ money thus exhibits a slight improvement this year, compared
should be abandoned. It consists of borrowing in the with 1876, the rate has been a low one and beneath the average,
while the Bank of England has held & position of much less
early part of the year, in anticipation of the year’s
taxes to be collected in the next November, and the mis¬ strength, the diminution in the extent of its resources being,
however, largely due to the want of enterprise in this country,
chief of so doing goes far beyond the direct waste of
the result of which has been that considerable supplies of capital,
over half a million annually for interest.
Of course, it principally foreign, have been withdrawn from the London mar¬
is impracticable to collect in one year the taxes of two ket for employment in more remunerative quarters. To obtain
years, but the Mayor’s suggestion that the collection be more lucrative employment has, no doubt, been a task of much
gradually brought forward in time is a good one, and difficulty, as nowhere has trade been reported good, so many
the essential thing is that some progress be made in the impediments having stood in the way of active business. In
spite, however, of the withdrawals of money for foreign empleydirection of removing this shiftless habit.
ment, large supplies have remained here, and for the year a
In the next place, expenses must be reduced—an easy higher average than 2 per cent cannot be reported. The abund¬
thing to say, but as necessary as it is hard to have car¬ ance of idle money is, of course, due to the limited trade require¬
ried out The Mayor submits a schedule of appropria¬ ments and to the absence of financial enterprise in the shape of
*
V
•
fVou XXVI.
THE CHRONICLE
28
Financially, business has been pretension to accuracy. We believe, though many entertain
a contrary opinion,, that the directors of the Bank of Eng¬
as bare in 1877 of new features at the preceding year; but some
land do not act with the promptitude which the times demand.
revival has taken place within a few days of Christmas, and the
They are too frequently slow in advancing their terms for dis¬
dose of the year would seem to prognosticate well for 1878.
Undoubtedly, the great impediment to a revival of active count, when a rise is almost inevitable, and they are dilatory
in making a reduction, even when the open market is a formid¬
business in 1877 has been the Russo-Turkish war. The war in
able rival. We live in times of rapid change, and the Bank muBt
itself, heavy as have been the sacrifices on both sides, has not
fall in with them. Perhaps, when the war shall have ceased,
restricted business, the real cause, affecting our own trade, as well
and the Eastern Question have been disposed of—if that be possi¬
as the commerce of other nations, being the uncertainty in
ble—business will assume proportions which will cause a rapid
which the fnture is involved. The Eastern question is undoubt¬
circulation of money. If the demand for gold continue, the
edly a momentous one, and one which affects the country to a
money market will demand more than usual attention, and it
very important extent. This is a political question, and does not
would not be a matter of surprise to us if, after a long period of
require to be discussed here; but, suffice it to say, that the mer¬
cantile community have throughout the year been very anxious ease, there was a prolonged period of dear money. A demand
for gold and a demand for money would give a very firm tone to
as to the terms of settlement, as an abuse of victory, should
the market; but it is evident that the present perplexities of the
Russia eventually succeed in her enterprise, might necessitate
market cannot disappear as long as no support is derived from
action on the part of England, which would not improbably bring
mercantile sources. When this will take place, ia one of the un¬
about serious complications and prolonged disturbance.
Evi¬ certainties of the
present time.
The Bank and open market
dently the commercial classes, as long as the war continues, have
rates each week during the year have been as follows :
but one course to pursue, and that is a policy of caution. It is
imperative for them te trade within their means and to shorten
Bank
Bank
Open
Open
Bank
Open
1877. *
1817.
1877.
credit, so that, should the day of trouble arrive, a heavy fall in
Market
Rate
Rate. Market
Rate. Market.
prices would have the smallest effect possible.
There is no Jan. 3. 2 1K&1X May 2. 2
3
;
2
Sept. 5.
3
12;
doubt that merchants have for a long time past been operating
3
9.
2X<gtfX
2
10.
IX
2 X®*X
3
19.
16.
3
2
17.
1X®1X
with much judgment and discretion, but there has been a feeling
8
3
26.
28.
2X^«2X
2
24.
1*@1*
Oct
8.
4
30.
3
2X
3
81.
1X@1X
that, setting aside politics, the air is free 'rom trouble, all doubtful
5
10,
3
June 6.
2
Feb. 7.
ixaix
iww loans
and public companies.
,
“
“
“
“
“
“
“
“
"
“
“
,
“
which has
& Co., in 1878.
firms having been eradicated by the severe pressure
been put upon them since the suspension of Collie
difficulty of considerable moment exists at the present
time, which cannot be regarded as of good augury for the future,
via., the tendency of minor firms, of respectable standing, to fail
from want of facility in procuring advances.
The want of confi¬
dence of the last few years has been eminently favorable to large
firms, whose position and reputation are beyond criticism or
doubt; but if business is to be drawn towards the large at the
expense of the minor firms, competition will be diminished, which
would prove eventually to be disadvantageous to the country at
large. This is one of the evil results of diminished confidence,
and the process of change is always a slow one.
During the greater part of the year, viz., for a period of nine
months, the bank rate was only 2 and 8 per cent, having been
the former quotation from January to April, and part of July
mod August, and the latter price in May, June and September.
For one week at the end of July and the beginning of August
the rate was 2$ per cent. In the autumn, however, there was a
renewed demand for gold for export, and in discount circles
much perplexity prevailed. The supply of gold rapidly de¬
clined from £24,883,148 on September 5, to £22,278,557 on No¬
vember 7, and the Bank of England was compelled to keep their
minimum rate of discount at 5 per cent for nearly two months,
In Spite of the fact that the open market rates of discount were
from 14 to 2 per cent beneath that quotation.
It was maintained
In many quarters that the Bank rate had ceased to be effectual,
but it must be borne in mind that the times are. exceptional, and
that full effects could not, under the special circumstances, be
No doubt
a
The five per cent Bank rate did, nevertheless, exert
influence. It produced caution, and it may possibly have
induced the German Government to pause in making additional
produced.
some
“
14.
“
21.
“
28
Mar. 7.
“
14.
“
21
“
28.
“
“
ix@ix
ix<aix
1X@1\
2
1X@2
1X®2
»
2
2
2
2
2
April 4
“
2
2
2
2
2
11.
18
25.
IX
1X@1X
IX
1X@1X
The following are
in 1877 :
Cir¬
1877 culation.
Jan
*•
“
“
13.
20.
27.
July
**
“
“
Aug.
**
“
“
*‘
4.
3
3
3
im
2X
2X®2X
2H
11.
18.
25.
2
2
3
1.
2
8.
15.
22.
29.
2
2
2
3
“
5
“
17.
24.
“
81.
Nov. 7.
14.
5
5
5
5
“
21.
28.
Dec.
5.
“
12.
‘*
19.
“
26.
5
“
4
4
4
4
4
“
IX
ix<aix
1X@1 X
l*®ix
1X«-1X
IX
2X
4X
8%
3
ax®*x
3H
3*
3*
the Bank of England returns for each week
Public
Other
£
£
Pro-
Govern¬
ment Se¬ Other Se¬
por¬
Reserve. Bullion. tion.
Deposits. Deposits curities. curities.
£
38.961.884
10 26,684,715
17 28,886,556
24 27,970.784
31 27,906,554
a
£
£
£
£
6.203.440 25,936,786 15,969,162 19,582,820
4,873,157 28,885,591 18,766,486 17,516,675
3.955,536 28.086,715 18^267,876 17,676.106
4,101,623 27,855,718 17.317.876 17,762,841
P.ct.
14,50! ,390 28,314,105 144*94
14,694,912 27,997,732 44;S4
14,317,794i
794(27.355,2141 44*28
14,591,076 27,230,026 45*88
4,837,165 25,146,245 16.367.876 V,7,782,917 14,057,356 26,650,941 40*39
Feb
7 88.143,461 5,618,838 23,520,174 16,001.441 17
£<787,156 13,553,47* 26,876,903 46*30
*60
14 27,889,295 6,682,603 22,890,468 16,001,44! 17,,818,128 18,996,824 26,433,269
21
28
27,457,610 6,857,721 23,152,710 16,026,176(17,510,949 14,581,064 26,758,80*
27,478,399 7,215,293 34,039,409 16,026,176 19,071,802 14,704,632] 26.921,427
Mar
7 27,649,852 8,295,675 22,235,172 15,988,176 19,049,118
14 27,322,505 8,695,941 22,289,185 15,998,532 19.108,570
21 26,961,195 8,883,936 22,304,911 16,002,035 19,844. t79
28 28,286,902 11,530,029 22,615,416 15,502,085 23,776,279
Apr
2“'*712,977 9,906,041 23,215,615 15,308,096 22,854,109
28,934,810 6.835,180 23,430,610 15,819,830 19,614,925
18 2*,415,039 6.457.402 23,190,184 15.829.901 19,4*0,216
25 28,885,890 6,473,216 22,477,887 15.329.901 19,269,702
it
May
22.480,099 1 5,340,307 20,432,845
31,682,8171 5,848,49 19,046,783
21,7* 3,571 15,364,90 19,865,162
22,167.867 15,364,904 19,347,395
30 27,955,420 6,5*3,808 22,141,497 15,364,904 19,089,723
29,415,035 6,315,550
28.546.885 6,638,594
16 28,479,010 6.577.403
23 28 858,781 6,415,539
2
9
Jnn
6
13
20
27
28.283,281
27,7*9,660
27,406,290
27,991,045
7.243,548 21,702,873 ! 5.214,859 19,879,635
7,914,651 31,183,08! 15.214.859 18,663,592
8,138,581 21,888,742 15.214.859 18.444,770
8,760,469 20,957,739 15.214.859 16,510,050
14
46*66
14.086,465 26,484,255 45*68
14,441,048 26,499,288 46*21
14,875,131 136,336,826 <45*71
13,481, " ■,464,393 8913
12,572,518
38*76
1
4200
26,194.994 42*60
12,294,390 25,679,710 42*00
10,926,636 25.004,621 37*56
11,290,85* 24,837,789 4014
11,514.653 24,993,663 (40*75
11,784,449 24,854,497 40*88
12,053,767 <5,009,157 43*00
12,139.468 25,225,001 41*35
13,031,796 25,761,456 44*44
48*98
14,209,584 26,615
13,832,353 26,826,1
purchases of gold, though of this no proof can be biought for¬
ward. At all events, Germany was not a buyer of gold during
4*x
23,774,840 5.727.634 24,894,691 14,969,821 20,479.301 18,174.000 |36,H
11 28,767,460 3,761,325 26,371,322 16.089,088 18,289,670 13,911,797 27,679,28? 45*70
the period that the Bank rate was at 5 per cent, and only pur¬
*18 28,6*8,090 5,351.334 24,632,345 15.8S9.088 18,149, b51 14,081,602 27,629,692 46*32
029,806 47*03
chased some supplies in the open market when a liberal
25 23.460.275 4,904,907 23,659,007 14,989,088 18,179,016 18,569,230
arrival from Australia took place, and when it was evident that Aug 28,758,360 5.369.634 23,079,821 15,940,605 18,445,792 12,983,171 26,741,53! 45*00
14,990,584 18,027,819 13,172,803 26,071,5381 44*63
a reduction in the Bank rate could not be long delayed.
If 5 per 8 28;898,755 5,276,390 21,640,789
*
16 28,546,860 4,604,066 22,463,408 14.990.554 18,27*,813 12,060,017 25,600,877144*00
cant had the effect of checking the demand for gold, and of pre¬
22 *28,203,210 4.295.440 23,771,898 14.990.554 18,196,144 12,119,949 25,823,159 44*24
29 27,900,545 4,303,429 23,018,944 14,910,568 13,519,555 12,128,674 25,029,219 48*88
venting the position of the Bank from being further impaired, Sep
4,815,084 22,716,854 14.734.568 19,601,321 11,721,513 24,883,149 [43*59
an object of considerable importance was attained.
The Bank 126 28,159.635
27,706,770 4,509,919 22,780,441 14.174.568 19,907,560 11.778,581 24,485,851 42*55
gained strength, more, indeed, relatively than actually, but the 19 27.535.275 4,879,243 22,324,951 14,121,091 19,684.015 11,399,<04 *4,432,679 [43^36
26
14,121,093 19,582,932 11,895,257 124,289,207 43*51
proportion of reserve to liabilities rose to 47 per cent, which, Oct 27,393,950 5,274,794 21,736,577
8 28.760,025 5,026.591 20,805,934 15,093.662 19,629,110 9,721,17 [33,431,193 37:11
considering the limited requirements of the community, has
10 28.857.190 5,039,600 20,629,685 15,718,004 19,064,149 9,481,lr 22,788,810 [35*49
long been regarded as satisfactory, a proportion of 88 per cent 17 28.804,500 5,147,500 21,801,793 15,718.601 18,575,244 9,478,439 33,782,989 86*27
27,691,175 3,938,276 21.400,826 15,143,604 18,551,766 10,002,5061 22,693.680 88*86
being looked upon as adequate. Perhaps when we bear in mind 24
81 28,112,645 4,030,473 20,596,694 15,123,604 18,638,156 9.678,797 82,791443 37*12
thht the London money market has for some time past assumed Nov
7 27,638,130 3,121,946 20,530,608 14,498,604 18,256.946 9,640,427 22,278,557 36*96
a position of supreme importance in the money markets of the
14 27,294,875 3.422,248 21,177,875 14,098,604 17,884,960 9,998,592 22,293,467 41*18
10,660,990 23,569,860 #44
26,908,860 3,662,318 19,997,678 18.178.372 17,408[
world, such a reserve is inadequate; but if we are, in a great 21
28 26,764,365 8,864,484 90,876,485 18.518.372 17,054,268 11.047,182 23,311,347 47*02
.*
measure, the bankers of the world, and the present constitution Dec
11,604,608 28,618,003 47*08
5 27,8*5,240 4,658.903 19,629,343 13,182,826
of the Bank, from the want of a better, is to remain unaltered,
12 26,447,00C 5.380,000 20,376.383 13,288,520 17,907,686 12.482,790 28,930,270 47*90
19 26.715.441 5,702,458 20,855,808 13,385,957 17,960,896 12,677.715 *24,092 265 48*10
the financial position, present and prospective, must be watched
26 26.7.5.441 5,942369 20,183,367 18,283,176 18,441,863112,234,066)94,082.070 46*28
with keen attention, and the twenty-four directors of the Bank
The returns of the Bankers’ Clearing House for each Week in
of England ought to be able, frem their own positions as
the
merchants or financial men, to forecast the future with some
past three years have been as follows :*
e
■toWi
,;;::
;:’;; ■
Jahuaby
29
THE CHRONICLE
13,1878.]!
regardJto the future of that country, as it was feared,
political
parties appealed to be so distant and bitter*
£
l
£
£
£
£
that civil war was inevitable.
The war in the East has
118,827,000 Jnly 5 112,786,000121,843,000135,78’,000
135.903,000
Jan. 5 124,012,000
j.» 101,579,000 88,856,000 96,781 iOO>
98.810,000 96,200,OKi
12 111,887,
been
very frequently described as one of surprises* and the
19 122,339,000101,661,000 115,460.000
128,128,m 10^,152,000
19}l49,196.1
26 88,523,000 81,058,000 81,946,000
domestic crisis in France appears to bavo terminated in a
26 86,486,000 90,378,000 91,069,000
114,078,000108,560,000303^95 000
2 149, 62 *, 000 125,440,000 108,186/00 Aug.2
Pell. 2
9 93,*81,000 82,667.030 85,557.KK>
fortunate surprise* as the President of the Republic has given
108,488,000
9 101,460.000 92,434,000
16 U«,1364)00; 95,908,000 J.7,909,‘00
16 144,904,000 115,093,000 95.474,000
It is remarkable that
way on most of the points at issne.
23 80,602,000 81,559.1*00 84,046.000
28 97,080,000 8 •,8S5,000 90,931,0 0
80 115,700,000 71,217,0$ 80,780,0 0
118,291,000102,235,005
throughout
crisis
the
value
of
the
French
funds has been
the
J44,789,000
Mch.1
116 894/00
8 107,696,000 92,686,000105,928,100 Sept 6 89,l84,0Cu-H 5,149,000 17,868,000
well
maintained,
bat
ibis
has
been
due
to
the
support
afforded
107,799,OT'OI 72,599,000
15 135,885,000 116,4'9,000 102,265,000
99/83,' 00
86,835,003!
89,277,000
92,428,000
98,989,000
101,076,000
by the French Government. This plan is very common to foreign
71,517,000
107,727,000 79,437,000 101,3'>7,000 iOct. 105,867,000j 73,135,000 109,400.000
78,153,000
110,545,00(^106,997,000
126,568,050
governments* and has been frequently adopted in France.
120,318,000
111,233,000 80,914,000 98,177,000
93,999,000 108,881,000 97,202,000
There has throughout the year heen a steady demand for in 115,364,000
9*.839,000[
101,240,000
112,727,000
80,300,000
140,952,OjO
84.476,100
80,813,000
78,966,000
82,012,000
81,181,000
vestments of a sound character.
Several colonial loans have
84,824,000
129,193,000! 104,494,000 103.601,00'
189,869,000 110,577,000 110,461.000
94 893,100
91,157,000
95,119.0001
95,479.000
been
introduced*
and
95,307,000
they
have
been
rapidly subscribed. There
94,052^)00
118,851,0001 99.411,000 102.877,000
119,508,000(105,272,000 108,978,000
has also been an Indian 'loan and an issue of Exchequer bills.
81,657,01
89,667,000 97,842.000
91,207,000 84,779,000 81087,000
81,812,000 81.S84.O5i0
129,724,f
114,046^000 92,709,000 79,810,000
Although yielding a very moderate rate of interest, the capital
12,820,000 109,582 000
88,280,(
92,950,000 80,820,000106,768,000
100,074.000
81,121,600
118,518,1
84,092,000
has been easily procured* as there has been an evident desire td
125,897,000 79,428,000
"MHJ0 94,218,000
98,704^
95,095,000 106,134,0^0
,770
3 72,022,000! 508.0001 68,871,000 make secure investments. The demand to invest money profit¬
78,431,000 81,800,0001
ably* and yet securely* has been great during the year* and con¬
The weekly dates In the first column apply to the year 1875, hat In rabse
sequently securities of acknowledged soundness have suffered no
ia
as
i
quasi years the day of the week given
near the same date as possible!
The following statement shows the stocks of bullion held each depression. Consols have been dealt in as high as 97f* which
is nearly equivalent to the highest point attained in 1876*
week in 1877 bj foreign banks :
New York
which was 97}. The high prices current for British railway
Associated
Vienna.
Berlin.
Paris.
Banks.
shares which prevailed in 1876 have not been realized in 1877*
Week ending—
£6,888*000 but only as regards Caledonian stock has the yield of interest to
£18,660,000
£25,561,000
£86,420,000
8»
7.994*000 the investor been in exceBS of 5 per cent. The fall in Russian
12.758,000
25,118,000
86,028,000
1&*
8,277*000
13,660,000
26,042,000
87,072,000
n.
8,194,000 stocks* compared with the highest point reached in 1876, has been
13,660,000
26,042,000
87,668,000
34m
8,036,000 about 20
18,660,003
26,659,000
88,097,000
31.....•••••
per cent; and there has* of course, been a heavy1
7,662.000
13,661,000
27,597,000
89.149,000
February
7,tS5,C00
18,661,00u
fall in Turkish descriptions. French stocks have maintained the
27,728,000
89,(95,000
14.
6,414,000
13,661,000
27,503,000
89,286,000
21.*••*.«-»>
best points reached in 1876; but Italian have been scarcely so
5,874,000
18*661,000
27,443,000
88,798,000
28V
• s»sr
5,700,000
13,661,000
27,329,000
88,673,000
T.w
Msrcb
5,508,000 good. Austrian and Hungarian bonds have fluctuated consider¬
18,661,000
27,836,000
88,474,000
14«•
4,v82,000 ably in value* owing to the delicacy of the political situation; and
13,661,000
27,368,000
89,138,000
21
4,478,000
13,661,000
*7,195,000
89,814,000
4,036,000 in the market for United States bonds* there has recently been
13,661,000
27,766,000
88,642,000
4.
4.300,000 some
18,1*61,000
27,891,000
87,986,000
11
depression* the silver agitation in America having checked,
3.952*000
18,662,000
28,229,000
87,988,000
18..........
4.050,000
further
investments.
The silver agitation has been very
13,662,000
28,552,000
88.175,000
2&.e...
4,106,000
13,662,000
28,554,000
88,3!$,0001
2..
Hay
4.622,000 prejudicial to the interests of United States finance* and although
13,662,000
27,923,000
88,460,000
2*
4,654,000 it is well understood that the Government will veto any bill
13,862,000
£7,728,000
88;972,000
16*•.«••••••
4,270,000
13,662,000
27,552,000
89,876,000
23.
3,968,000 which shall advocate the payment of the debt in silver* instead of
13,662,000
27,858,000
90,689,000
80.
3,888,000
13,662,000
27.618,000
91,225,000
8,670,000 gold* yet if there are no sellers of stock, there are not* on the
18,662,1*00
27,625,000
J,jf<
90,862,000
13.
8,242,000 other hand, buyers* and an adverse movement is easily inaugu¬
13,662,000
27,989,000
91,064,000
20..........
8,490,000
With
1877.
1876.
1675.
1877.
1875.
1875.
as
.
_
««
-
44
4‘
*‘
.8212.v
'
44
“
»•
44
44
“
_
44
«
12.
•
“
•-•••••••
«•••*•••
••
•
••••••
• • ••
•
•
•
• •
••••
••*♦>••••
».
....
•f•••
...
.
••••
*•
•«• • •..
.•••••••♦
•
•
•
•
• •
•.
•*•••*••
90,982,000
90,150,000
88,738,000
88,191,000
84,123,000
2i
4..;.......
11... •.*,**'*•••
18* ..*•••••«
^25.
• • *.# •
87,705,000
1.....
87,582,000
88,504,000
88,706,090
8..;.......
September
*
IQ
1 w»
.
Jlv,
»*
««
November
**
.....
88,S90!000
....
88,508,000
81.794,000
....
3, ,«••»,»•»
in
»•
88,497/4)0
88,604,000
«
2ft
iWi/i
44
October
44
13. •••••••••
22.......
29.;.......
5#
86,595,000
.
«»««»..«.
17.
24
85,2,000
85,851 000
7.
85,i91,000
84,975,000
84,466,009
14
8 J,258,000
21..
28. «.•«»«.«.
December 5.,», ......
'
19.
26.;
88,999,000
83.483,000
88,117.000
84,882,000
13,662,000
13,662,000
27,861,000
27.897,000
21.896,000
13,662,000
18,662,000
18,662,COO
13,662*00*
13.662,000
27,504,0(0
27^009
27,298,000
26,640,0(0
26,548,000
36,769,000
24,511,000
24,511,000
24,474,000
24,271,000
23,595.000
28,114,000
23,369,150
28.869,000
18.662*000
13,662,000
13,662,000
13,662,000
•
13,662,000
18,662,00 >
13,662.00b
23,419,000
23.816,600
23,825,000
23,579.000
13,0620 O
-
24,057,00)
24,164*030
24,175,000
24,429,060
82.615.000
.....
13,662,060
18,662,000
13,662,000
13 662,000
13,662,000
18,662*000
13,662,000
13,662,001
13,662,000
13,662,000
13,662*000
13,662,000
actual depression* the
arrested.
Indian railroad securities were
There has not, however, been any
downward movement having been speedily
4,252,000
4,252,000
8,770,000
2,996,000
2,790,000
2,828,000
rated.
2,852*0(0
the
On the
outbreak of the war*
but the wekknfeM was temporary, and of late a good deal
8.006,000
2,690,000 attention has been directed to them, more especially aa some of
8.206,000
8992,000
3982,000
8,854 000
8880,000
3,765,000
8,418,000
3,302 000
8.464,000
8,188,000
8,752,000
8,890,000
3,954,000
8 664,000
8,800,000
8,914,000
3,482,000
flatter ;
dividends in excess of the
guaranteed interest. For Canadian descriptions* however* the
market has been dull* but* although the fluctuations have not
been so wide as in 1876. the best prices obtained have been much
below those current in that year. American railroad securities have
also been less buoyant than in 1876, and a reduction is shown com¬
pared with the best points of that year; but* at the same time,
there has not been equal depression. It will be remembered
that towards the close of 1876 there was.a sort of panic in the
American market* owing to the adverse rumors which were cir¬
culated respecting the Pennsylvania Railroad Company.
Notwithstanding the cheapness of money* and the high rates
of interest which have been allowed for deposits* compared with
the open-market rates of discount* the value of bank shares has
been steadily supported. The shares of all the Australian and New
Zealand banks exhibit a- decided advance. The shares of the
Standard Bank of British South Africa have also realized higher
quotations* but home banks, excepting National Provincial, are,
companies have been paying
*
throughout the year
had an adverse effect upon Stock Exchange business. The
heavy losses which had been previously sustained by the public
in their investments in foreign stocks and in the shares of public
companies have made them unusually timid, and fresh invest¬
ments have been upon a restricted scale.
There has been some
apprehension with regard to* the financial condition of Russia, if
anything, rather weaker.
owing to the heavy burden imposed upon the resources of the
Waterworks shares have risen considerably in value during the
country by the war. That the war is a serious expense* and that
year, owing to the proposal which is under discussion for the
the burdens are more heavily felt* owing to the circumstance
Metropolitan Board of Works to take the matter of water supply
that the finances of the Government were previously understood
to the metropolis into their own bauds.
to be in a somewhat embarrassed condition* are well known
During the earlier weeks of the year* although the political
facts ; but through the operation of a Continental syndicate the
situation was a cause for anxiety* the trade for wheat was quiet ,
stock has been maintained at a somewhat high point. Speculabut firm. The average price of home-grown produce did not
tors fortfte fall, believing; ip a collapse in. Russian finance, have
exceed ols. 2d.* but when the peace was broken a rapid upward
on several occasions during the year operated somewhat exten¬
movement to 63s. 9d. took place. That price attracted* however
sively ; but they have only done so at a heavy loss. Those losses
liberal supplies* and Russia sent large quantities via Baltic,
brought about some rather heavy failures; but since the futility
The financial necessities of Russia and the low rate of
of fighting against the syndicate has been perceived* business iu ports.
Russian securities has been rather limited. At the time of the exchange have compelled her merchants to ship as freely as pos¬
sible the produce of the soil* and the result has been that if there
fall of Kara and the surrender of Plevna* prices improved ; but
has beeh no abundance the importations have been adequate to
latterly the market has been very sensitive* the anxiety about the
our requirements.
The harvest in this country was a poor one*,
future being very great.
The unsettled state
of political affairs has
(Tim domestic crisis iu France has been an event
during the year.
of importance
At one period serious apprehensions
existed
it yielded a very satisfactory
ports large quantities of produce
but in the United States
from the Atlantic
result, and
have been
THE
30
[VOL. XXVI.
CHRONICLE
-already'received, In spite of war and of three deficient harvests,
wheat is still cheap, and the 4 lb. loaf is obtainable at a moderate
Considering that the earnings of the working classes
have been diminished to a very important extent, this is a
favorable feature. Cheap bread is, of course, calculated to im¬
prove trade, but political affairs are now the chief drawback to
our prosperity, and until the political prospect is brighter very
1875-6.
Passengers—
N.Y.C.A
L. Shore
Boat. A
Hudson.
Mich. S.
Albany.
-
3,104,853 5,583,852
167,635,062110,644,410
Number carried
9,231,490
Carried 1 mile.. 853,136,145
price.
Total.
s.ois.soo
22,981,996
794,490,828
163,074,706
*00*155
*00*191
Av.rate$mile,4.
Earnings—
Erie.
$60,390,827
$28,046,588 $14,417,020 $7,074,758 $15,852,461
22,826,160
3,621,260
4,890,720
2,291,764
11,922,416
Gross
Net
the total freight and passenger movement on
the four lines named,[and their gross and net earnings, is compre¬
This exhibit of
of improvement can be entertained. The depreciation hensive, as giving a general idea of the trunk line business for
which diminishes the purchasing powers of the silver- the year ending September 30.
ourrency countries, is also a drawback to our export trade, and
The prospect for good earnings in the first half of 1877 is very
stimulates imports; but a remedy in this respect seems remote, fair, provided freight rates are maintained, and the recent meet¬
as large supplies of demonetized silver have yet to be disposed of.
ing ot officers and agents in this city indicated that this fact is
understood, and that catting under will not be alio » ed if it can
little hope
of silver,
DEC., AND FROM JAN. 1 TO DEC. 31.
twenty-two railroads for the year
exception of the last week in December on two
RAILROAD EARNINGS IN
We have now
be
the reports of
1877, (with the
minor roads), and their gross
earnings aggregate
$77,712,196,
It
against $78,189,781 in 1876, a net decrease of only $477,585.
is hardly necessary to call attention to the fact that the gross
decrease in earnings is quite unevenly distributed, and is made
up in great part by a considerable decline in earnings on a
In December the grain receipts at
thence, and receipts at Atlantic
prevented.
kets, shipments
Western mar¬
cities for five
past, were as follows:
Receipts at St. Louis, Peoria, Chicago, Milwaukee,
Detroit, Toledo and Cleveland for the four weeks ending
years
1877.
1876.
9,732,636
10,560,163
Duluth,
Dec. 29 :
1878.
1874.
1875.
10,414,186
1,570,196
8,651,061
the same markets same time:
1874.
1875.
1873.
roads—thus it appears that four roads in the table below show a
4,781,222
4,938,806
8,637,689
2,588,104
4,614,T46
total decrease in their gross earnings of $2,374,995, which is
Receipts at Atlantic ports for the same time:
1877.
1876.
1875.
1874.
1878.
balanced on the other side of the account by an increase, of more
12,586,091
8,762,930
6,504,608
626,822
6,758,450
or less importance, on thirteen roads.
The receipts in December at the seaboard cities were divided
In taking a general glance at the transactions of the year we
as follows in the past two years:
1876.
1877.
find that the first seven months were quite unfavorable, as com¬
1877.
1876.
829,284
Shipments from
few
1876.
1877.
.
pared with the same period of 1876, and the only roads which, as
a class, showed an increase in earnings were those running west
and southwest from St. Louis, with some of their connections.
As to the
other
trunk lines in another;
was only upon
the Union Pacific that there was any increase in earnings, and on
the rest the decrease-was considerable. Although it is probable
that the Central Pacific main line had then made no loss on
earnings, the decrease of that company being attributable to its
branches, whereon a large decline has taken place during the
year, owing to the exceptional drought and failure of crops in
some
parts of
.
Boston
California.
What then were
the principal circumstances
affecting railroad
the
of
the year: First—The exceedingly low rates on the trunk lines
during the greater part of the year, and a moderate decrease in
earnings in the year 1877 ? Without particular regard to
order of naming them, the following were salient points
New Orleans...
1,745,200 Portland
2,296,400 Montreal
642,841
8,216,500
894,031
Baltimore
railroads—embracing the western grain-carrying
roads in one group; the east and west
and the Union and Central Pacific in a third—it
3.385,460
.
York..
4,599,736
Philadelphia.... 2,632,t>20
New
BARNTNOS IN
120,534
1,847,000
334,784
669,000
21,832
73,017
776,966
881,315
136,492
93,11?
243,268
496,630
317,949
256,Oil
19,482
40,920
522,100
258,685
Grand Trank of Canadat
Gt. Western of Canadat.
Hannibal A St. Joseph...
lndianap. B. A Western..
Pacific
Michigan Central
Missouri Pacific
Mo. Kansas A Texas
Paducah A Memphis
St L.A. A T.H. (br’chs)..
St L. Iron Mt A S
St L. K. C. A North....,
St. L. A San Francisco...
St. L. A S. K.—st L.div.*
do
=
108,542
38,310
24,010
Ken. div.*
Tenn. div*
145,480
18,765
_
8,762,990
.13,536,991
$204,447
90,488
1,424,817
$
$37*053
89,066
77,8i7
39,557
374,851
610,288
19,525
41,415
£8,712
1,807
81,602
168,589
92,963
608,876
238.352
......
4,375
132,117
118,656
216,927
,
Dec.
Inc.
1876.
$231,500
Cl. Mt.V.& Del. A brchs*.
Denver A Rio Grande...
Kansas
.
1,108,853
158,400
26,851
DXOBXBKB.
1877.
Atchison Top. A S. Fe ...
Burl. C. Rap. A North’n.
Central Pacific
Chicago A Alton
Chic.Mil. A St Paul.. ..
.
Total
•BOSS
.
.
26,341
22,622
474,008
324,214
296,466
•
•
•
18,880
2,498
8,752
3,999
261,178
......
2,018
•t••••
do
Second—The diminished
Tol. Peona A Warsaw...
361,734
crops of 1876 in the West and Northwest, leaving a small volume Wabash
$491,807
of freight for the railroads in the first half of 1877, which had
$6,686,184
$6,932,081
Total
245.897
to be carried at the low rates previously ruling, in consequence Net increase
of the “granger” decisions against the railroads, and the sharp
Three weeks only of December in each joax.
t For the four weeks ended December 29.
competition for business among the various lines. Third—The
t For the four weeks ended December 28.
BOSS XABMOfOB THOM JXHUABT 1 TO DXCIMUB
exceptional prosperity and increasing population in northern
Inc.31.
1876.
1877.
$177,245
Texas, Arkansas, and Missouri, which helped thejrailroads run¬
$2,486,583
At. Top. A Santa Fe
$2,663,828
121,810
1,128,071
1,249,881
ning into those sections. Fourth—The steady business on the Burl.C. Rap. A Northern.
18,124,112
Central Pacific
16,784,819
4.960,528
main line of the Pacific railroads. Fifth—The great crops of
62 290
Chicago A Alton.
4,488,558
8,064,170
Chic.
8,116,460
Mil.
A
St.
Paul....
10,802
865.399
1877, which changed the entire situation when they began to Cl. Mt. V.A Del. A brchs*
376,701
811,488
469,827
Sixth—The agreement among trunk lines, Denver A Rio, Grande.
come to market.
7614)65
144,902
94872,174
Grand Trunk
9,417.074
8,970,073
both western and southwestern, which were made in the Fall Great Western...,
3,950,584
137,172
1,877,695
Hannibal A St Joseph..
2,014,867
for the maintenance of better rates for freight.
1,462,804
Ind. Bloom. A Western..
1,207,662
27^911
8,000,799
Unfortunately, we have very little information during the year Kansas Pacific....,
8,279,710
139,730
8,714,521
3,854,251
Missouri Pacific
3,217,279
as to the volume of freight passing over the different roads, and
Missouri Kansas A Tex..
3,174,820
207,473
189,688
it if only after the annual reports come out, one by one, that it is Paducah A Memphis....
16,980
498,744
515,724
St L. A A T.H. (or’chs)..
494.178
4,002,044
4,495,217
possible to ascertain whether an increase or decrease in earnings St. L. Iron Mt A So
18,197
3.1374880
3,160,47?
is due to a variation in the tons of freight and number of passen¬ St L. Kansas City A N..
1,836,469
8t. Louis A 8. Francisco.
1,320.453
608,256
L. Div.*
607,612
828,163
gers carried, or to a change in compensation received. For 1877 St.L.AdoSo.E.—St.
Ky. Div.*
874,449
151,946
we have the reports of the New York Central & Hudson, Lake
do
Tenn. Dir.*
149,840
1,411,758
1,108,668
Peoria A Warsaw...
92,078
Shore and Michigan Southern,Boston & Albany, and Erie, all for Tol.
4,403,615
4,495,698
Whbash
the volume of business on
those lines.
9,667
90,687
,
m • •
......
•
14,336
112,294
42,309
21,997
10,152
98,071
892.068
.
6,265
40,445
2,328
17,104
54,800
507,764
-
20,589
485
...
7,884
80,284
......
$245,910
•
a
,
Dec.
1,339,798
476,970
•«•••*
..
19,489
’
30,1877, and from these are compiled
the relative amount of business
done, and the gross and net earnings made on these leading trunk
the year ending September
the following table showing
lines, in 1876-7
and 1875-6:
1876-7.
Freight—
N.Y.C.A
L. Shore
Boat. A
Hudson.
Mich. S.
Albany.
6,851,356
Tons carried...
Carried 1 mile.. 1,619,948,685
Passengers—
Number carried
Carried 1 mile..
Gross
Net.
1875-6.
Freight-
....
5,64 i,284 *,601,657
6,188,451 80,777,748
1,113,985,311 318,822,671 1,114,588,2*0 4,162,342,887
6,803,680
$2,000,728
$78,189,781
only of December in each year.
companies have but recently reported their earnings
moss
Atlantic A Great
Western
Dakota Southern.........
Mobile A Ohio
Nash. Chat A St
Louis..
4,887,238 21,884,828 New Jersey Midland
170,838,580 748,062,887 Philadelphia A Erie
$00146
........ St. Joseph A Western...
St. Paul A Sioux City....
$26,579,085 $18^14,434 $6,762,147 $14,708,889 $61,264,555 Sioux City A St. Paul....
11,682,924
8,909,875 *,167.101
8,909,050 21,618,950 Union Pacific
-
5,489.108 2,541,274
5,979,800 20,806,862
Carried 1 mile. .1,674,447,0651,061,841.419 301,6 .'4,383 1,010,481,9214,051,845,333
Tons carried...
Three weeks
Total.
8,019,488
2,784,801 5.398,851
316,847,325 157,948,856103,278,126
$00367
Av.rate$mile,#.
Barnings—
*
The following
Brie.
$77,712,196
Total..-*
Net decrease
BABivxiras w movbmbxr.
1876.
1877.
$396,313
$377,629
24,807
252,766
158,731
62,53!
358,4*6
.
69,392
67,444
49,231
1,115,609
$2,530,496
v
'
17,297
281,590
147,198
65,981
807,900
51,286
X
\
5\589
35,593
1,23b, 487
•"
$*.498,179
Total
Net inert** «••«,•«*•»*»»•»•*»• •».»•«
42,950
17,890
e «
+ m •
16,016
644
8,714
2,606
803,000
$2,476,312
477,585
for Nov.:
Increase. Decrease.
$81,316
7,010
11*583
•
e
•
e •
45,546
18,156
11,855
13,668
$189,079
82j817
*....,
81,824
8,480
121,478
$156,76$
January
THE
12, 1878.]
GROSS
EARNINGS FROM \ JANVARY
1877.
1,675,823
1,586,141
1,789,704
1,558,660
465,063
3,054,637
411,957
531,378
634,234
2,915,V50
jraey j
Philade'phia & Erie
St. Joseph A Western
St. Paul <te Sioux City
Sioux City A St. Paul
27,464
19,736
498.276
113,881
4.
53,111
••
834,820
308,895
Districts.
Decrease.
,«».t#
614,498
Imports
Customs
*s,-m
$185,116
$191,857
Mobile A Ohio
TO NOVRJCBBB
I 1876.
80.
Increase.
31
CHRONICLE.
......
129,437
Baltimore..
Bangor, Me.
B'stable, M's
Bath, Me.
348,522
•••
1,758,479 3,517,'049 4)742
•
•
•
5,317
£03
Nburvport,Ms
32$
81804
40,888
Nw Haven, Ct
N London, Ct
N Orleans, La
«
90,788
1,185
3,623
Newark, NJ..
N Bedford, Ms
8,798
28,262
795,038
Mobile, Ala...
Montana, Ac..
Nantucket,Ms
Natchez, Miss
•
•
•
Aroost’k,Me
25,925
•
*906
An’polis, Md
Ap’chcola, F
36.052
Districts.
$
•
Imports. Domestic For’n.
$
$
Customs
Dom
m’tic ]For’n
$
Alaska, A.T.
Al’mrle, NC.
ATxdrla,Va.
-Exports.-
Exports,
•
•
*
*
13,383
1,724
723,6i9 8,640,831 22,358
Newport,
R.I.
$663,817 Beaufort,NC
$106,552
$20,379,662
NewYork,NY 23,741,690 28,632,977
$19,822,397
557,265 Beaufort SC
ti77 56,403
1,185
888,801
Niagara, N.Y.
882
2,388
Net decrease
Belfast, Me.
V* Norfolk, Ya..
5,164 1,505,703
3,202,962
2,726,670
Boston,
Ms..
340,060
GR03S EARNINGS, EXPENSES AND NET EARNINGS.
1,017
nses and net
66,642 115,911 89,310 Oregon, Or...
Brazos, Tex
79,728
118,480
O’gatchie, NY
ovember 80, of Bridget’nN-J
The statement below gives the gross earnings,
177,474
Oswego, NY.. 1,432,805
Br’l&W’nRI
earnings for the month of November, and
1,831
Pamlico, NC..
31,350
Brunsw'k Ga
all the roads that will furnish statements
6,102
P del Norte, T
/-Jan.
30.-.
1
to
Nov.
497,748
Buff
5i6
-Nov.Crk,NY
120,725
53,993
1876.
’quoddy. Me
1877.
1876.
Buri’ton, NJ
1877.
35,853
Rlvqr,
Miss
16)223
i
15,95
CVinc’t.Ntf
70,389
S| 620
Pensacola, F..
?04
Atchison Topeka A Sante Fe— V
$2,282,136 Castine, Me.
567
$2,432,328
$225,793
1,600
P.Amboy,
NJ.
Gross earnings.
$335,078
1,082,846
l',200
128,561
1,188,508
100,529
Chmpl’n,NY 142,707
V»
Petersburg,
Operating expenses
139,698
16,245 3,953,948
Charlstu, SC
430
819,*91 2,819,863
$1,243,820
$1,139,790 Ch’stone, Ya 104,086 301,318 1^16 Philadelphia..
$125,264
25,971
Net earnings
$195,180
Plymouth,
Ms
Chicago, Ill.
224,708 25)i80
84,464
Portland, Me..
Not repotted
Burl. Cedar Rapids A North.—
$1,037,553 Corpus Chris
103
$1,120,327
1,442
$94,908
Po’moutb,
NH
59,114
69,676
Gross earnings
$138,935
891,770 Cuyahoga, O
752,950
72,855
11,9
Providence.RI
587
Delaware, D
88,016
Operating expenses
67,477
1,369
Pt Sound, WT
$235,813 Detroit M’h 122,650 189,532 4)265 Richmond,
249
$367,377
118,069
122,063
Ya
31
45,160 8,187
Net earnings
$50,969
..
Duluth, Min
Saco, Me... ..
Clev. Mt Vernon ADel. and Br’chs.—
$345,874 Dunkirk NY
S. Harbor, NY
$354,869
$30,029
BastDiBtMd
900
Gross earniDgs
$36,008
840
277,973
273,086
Salem, Mass..
25,482
Edgart’n,Ms
46,283 1,880
25,880
10,557
Operating expenses
Saluria,
Tex..
9,664
37,969
$67,901 Erie, Pa....
6,884
San Diego, Cal
$81,783
824
1,360
Fairfield, Ct
Net earnings
6,057
$10,178
2,242
Sandusky,
O.
F.Riv. Mass
2,087,304 41,914
2.278,560
S.
Francisco,
C
Kansas Pacific.—
/
$2,783,872
17,i66
Fernandlna.
$3,086,442
$233,691
97,974 2,872,616
Savannah, Ga
Gross earnings
$384,188
1,603,694 F. Bay, Me.
1,737,742
158,338
Expenses....
182,093
Galvest’n, T
116,803 1,638,752 5,227 S. Oregon, Or
StAngtine.F
$125,353
$1,296,700
$1,180,178 Genesee, NY 31,587 66,225
14,669
91
Net earnings
$181,195
StJohn's, F..
1,016
George’n.DC
3,435
St.Mark’s,
F..
1)698
Nashville Chatt. A St. L.—
$1,558,680 George’n,8 C
8,000
$1,586,144
$147,193
St.Mary’r, Ga
3,238
Gross earnings............. $158,731
4,481
973,978
Glou’ter,
Ms
950.443
86,155
Stonlngton
Ct
GtE
Har,
NJ
Operating expenses A taxes 90,730
3,590
Mich
$584,702 Huron, Mich 198,207 526)846 19)602 Superior,
$635,701
$61,033
Tap’nock,
Va
$67,951
Net earnings.
Eubank, Me
Teche, La. ..
49,249
Key West.F
93,236
New Jersey Midland351)918
$614,498 L
Vermont Yt.
$634,234
$65,961
E Har, NJ
Gross earnings
$62,521
Vickeb’g Miss
501,504
8,387
M&chias, Me
16)375
l)204
Operating expenses
52,796
WaTboro, Me
Mar'head, M
1,188,316
58,459
Willamette.O.
$132,730
24)300
Miami, Ohio
Net earnings
$9,725
437,205
10,835
Wilm’ton, NC
84
Mic’gan, Mh
Wiscasset,
Me
Paducah A Memphis$190,869 M’town, Ct
$170,151
$18,956
Gross earnings
$18,481
York, Me...
143,350 Milwank, W
69,000
115,310
18,003
Yorktown, Ya
11,415
Operating expenses
Min’sota, M.
11,595,872
11,547,350
..
..
•
579
•
<
«
•
8)5i9
*t«
•
operating expe
from January 1 to No
for publication:
•
4*232
•
•
•
•
*
.
• •« •
•
*»
1
« •
a •
$4,547*
•
• •
•
•
• •
•
....
«
•
•
.
•
•
•
•
•
....
•
-
• • •
•
•
•
•
•
•
•
•
•
•
•
e •
•
$953
$54,841
$47,019
$307,900
174,287
$2,915,250
1,892,388
$3,054,687
$133,663
$1,022,862
$1,016,805
$622,107
$581,133
$7,016
Net earnings.
Philadelphia A BrieGross earnings
•
$858,446
175,754
Operating expenses
$177,692
Net earnings
Southern Minnesota—
2,037.882
$86,870
$71,450
31,863
356,645
Net earnings
$45,403
"$89,584
$265,462
$458,075
$450,332
238,935
217,743
$8,974,117
2,109,795
$224,090
$232,589
$1,864,322
$1,441,842
$568,476
$566,253
St L. Iron Mt. A
40,467
Southern-
Gross earnings
Operating A gen. expenses.
Net earnings
Net earnings
$51,795
41,293
33,225
419,694
417,589
$14,146
$18,570
$148,782
$148,664
East.—Ky. Div.—
22,272
25,112
$299,779
250,150
$5,097
$4,435
$49,629
Div.—
$10,793
$14,648
8,836
Gross earnings
Net earnings
St. L. & So. East—Tenn.
Gross earnings.-
$4,734
$27,251
$2s1i
$67,444
$55,589
$498,276
$534,328
29,386
315,274
325,776
$88,058
$29,281
$183,002
$208,552
$49,251
$35,593
$308,895
$834,820
Operating expenses
$1,115,009 ' $1,233,487
earnings
Operating expenses
Gross
438,607
410,493
Ind.-
64,160
Operating expenses
$18,692
...
1877.
Groeseamings............
Operating A other expeDsea
17
Net earnings..............
Sept-'
1876.
$78,737
38,883
$40,854
.
.
Denver 4k Rio Grande.—
1876.
$108,965
' 66,407
$41,628
$107,842
Gross earnings
Net earnings....
,
4,838,436
have but recentlyjcome
1877?0Ct*
Grand Rapid* A
$11,547,350
$797,880
$6,708,914
to hand:
....$704,516
Net earnings..
The following figures
$......
227,426
$11,895,872
5,020,927
$6,874,945
t—-Jan. 1 to Oct. 81.—
1877.
1876.
$900,377
597,817
$960,648
692,147
$803,560
8268,501
/-Jan. 1 to Sept. 30—»
3877.
1876.
.
$543,722
277,330
$
......
$......
$266,372
FOR NOVEMBER, 1877.
Statement,’by Customs Districts, showing the values of5mer¬
chandise imported into, and exported from, the United States
Specie value of
the
Corrected to Dec. 31, 1877.
{SPECIE VALUES.]
1877.
November, 1877:
Month
of
—,
-1876.-'
11 Mos.
ended
Nov. 30.
Month
11,531,733
1,615,522
,
of
11 Mos.
ended'
\ Nov.
Nov. 80.
Nov.
$62,922,822 $538,514,150 $57,453,954 $504,448,544
Merchandise.
Exports—Domestic..
1,493,897
Foreign....
Total
...
Imports
exports over imports
imports over exports
Gold A Silver (coin A bullion).
Excess of
Excess of
13.218,686
$517,667,233
$64,416,219 $550,045,883 $59,104,476
29,853,592 364,766,405
86,244,501 449,569,818
$28,171,318$103,476,070 $29,250,884
Exports—Domestic
Foreign
Total
exports over imports
imports over exports
Total Merchandise and Specie.
Excess of
Excess of
$122,900,625
$1,097,733 $33,790,215
337,121 10,502,555
$1,834,851 $45,837,451
513,091
7,124,16*
$1,464,854 $46,292,770
$2,397,912 $52,961,613
6,920,314 22,613,668
2,248,147
Imports...
$783,294
22,063,937
$24,228,833
$30,347,645
$4,512,402
$550,285,995
$64,020,055 $574,S04,S65 $59,373,805
2,128,613 20,342,846
1,861,018
Foreign
'* 1
IMPORTS iNO EXPORTS
the month of
totals for the month
Exports—Domestic
$97,082
$18,353
$28,603
....
211,833
16,640
20,648
Operating expenses
Union Pacific-
$41*576
$1,657
Gross earnings
Net earnings
264,803
9,914
Net earnings
Net earnings...
Sioux City A St PaulGross earnings.
,
$141,739
112,828
St. Paul A Sioux City-
following are the
$3C6,879
$138,934
111,683
Operating expenses
•
$29,597
$27,369
Operating expenses
of November:
Imports...$36,244,901 } Domestic exports.$64,581,020 | Foreign exp’ta.$1,493,897
The
2,052,438
$55,439
.Operating expenses
St L. A So.
-
$ New York, 1,111,577.
t Not reported.
Boston, 138,216.
.
L. Div.—
St L A So. East.—8t.
Gross earnings
....
•
domestic exports, $62,923,322.
Comparative statement of the imports and exports of
385,041
United States for the month ended November 30,1877, and for
$196,092 the eleven months ended the same, compared with like data for
$3,494,380 the corresponding periods of the year immediately preceding:
earnings
Expenses....
.Gross
•
••
22,084,288
$570,628,848
$65,881,073 $596,338,653 $61,502,413
36,778,986 417,380,878
Total /.
38,498,048 471,638,750
Bxeess of exports over imports $27,388,025 $124,704,903 $24,728,482 $153,148,470
Imports
Excess of imports over
The Export
exports
..
Trade.—The American Exporter
.is greatly enlarged
perity in its special
.
.........
for January,
and improved, and gives evidence of a pros:
department. The publishers claim for it that
published. From its
should be able to
foreign countries,
of supplying them, than from any other
The present number contains an article on the
it is the only purely export newspaper
columns American manufacturers and shippers
obtain more instruction regarding the needs of
and pur own possibilities
source
whatever,
of our domestic exports, replete with valuable
Dr; Edward Young, Chief of the
trenchant article on the same sub¬
ject by the editor, together with copious articles, original and
selected, statistics, &c., pertaining to the industries and com¬
merce of the country.
' *
’
The Bailway Age of Chicago publishes a list of 64 railroads
sold under foreclosure in 1877, covering 3,875 miles and having
bonds and debt of $119,938,700.
rise and progress
statistics, from the pen of
Bureau of Statistics, and a
—
32
JCatcst
THE CHRONICLE
IHonttarg and Commercial (Snglwl) Nero*
{VOL. XXVI.
.
Percent.
Bank rate.
AT LATEST 0.4 TBS.
TOCS.
EXCHANGE ON LONDON.
LATEST
nan.
DATS.
'
Amsterdam...
short
ftmiterdim... 3 months.
Antwerp
Smooths. *0.63’‘©20.67
short
26.15 025 26
3 months. *5.82*525.87*
Hamburg.
Fbrls
Paris
Vienna
l*JB*5l*.S7H
Berlin.
Frankfort....
ft. Petersburg
20.63
20.68
Cadis
00 days.
3 months.
0*0.67
•
Dec. 28.
4i
Dec. 28.
«
abort
3 moe.
i6!38
short.
*5.17
3
46
*•
Dec. 21.
3 mos.
«<
46
Dec. 28.
short.
97.15
(t
•«
Dec. 21.
Dec. 27.
Nov. 8.
Nov. 27.
Mew York!...
Bio de Janeiro
Pernambuco...
00 days.
Bombay
Calcutta.
Is.89-!6rf.
Is. 8 9-16d.
Hong Kong...
flbanghai......
Batavia
Penang
Alexandria....
Dec.
Dec.
Dec.
Nov.
Nov.
*6.
23.
23.
'9.
17.
Dec. 26.
3
60
mos.
48.25
days.
90
days.
4.82*4
95V
u
6
is'SXd.
mos.
6a
3*. ll*<f.
5s. 5Xd.
44
14
12/. 2XC.
6*
4s.
3 mos.
In
some(
siA
3
y
1874.
£
1873.
bank
£
26,13-M03
8.852,970
post-bills.
Public deposits
Other deposits
.3*
<....3*
has been in prrgress,’and reasonable profits have been made. Tbe
present unsatisfactory state of things baa been brought about by
prominent among which is the capacity of the
country for producing large quantities of goods at brief notice.
This, it maj be said, is an advantage, and so it is ; but, at the
mime time, so large an amount of machineiy was erected during the
earlier part of the present decade that full use of it cannot be
made. This country was never so rich in resources as it is at
the present time. We are not wasting our capital in investments
la rotten foreign loans, bat we are importing largely at low
prices; and although it is not apparent that our stocks of the
raw material are large, yet it is well known that we hold large
compared with tbe
1875.
£
26,486,600 *7,779,935 28,197,408 26,715,441
7,806,967
6,996,022 8,173,488 6.942,869
Coin and bullion it
both departments.... 22,688,685
Proportion of reserve
to liabilities
Bank-rate
4*4 p. c.
Consols
92
English wheat,av. price
The
following
6 p. c.
4 p. c.
94
45s. 9d.
A
7 5-164.
8 5-16d.
20,183.387
13.8-3.176
18,441,363
15,467,179 12,294,085
63*11 p. c. 46’28 p.c.
4 p. c.
Up. c.
94U
34*
50s, 84.
31Md.
7464.
6 l!-16d.
Is. *d.
Is. Od.
94,892,000 72,022,000
Is. l*d.
are
23,876,876
15,958,653
17,518,852
21,492,793 21,703,379 23 365.434 24,032,070
61s. 8d.
8# d.
..... ...
1877.
£
1876.
£
21,061,681 18,639,294 20,459,026
Government securities. 13,301,742 12,900.078 13,696,627
Other securities
21,846,948 21,153.922 23,269,048
Reserve of notes and
coin
11,811,615 10.351.263 9,198.724
6
.I0*d.
68.371.000
3V4.
.
61.508.o0o
the current vates of discount at the leading
cities abroad:
Bank
rate,
districts
machinery has been entirely stopped, owing to the slackness of
trade; bat although there has been for some time. past, a want
of animation in mercantile circles, yet a fairly legitimate trade
many causes,
Per cent.
Circulation—including
tdquality..
This has been quite a holiday week, and a very moderate
transacted.
banks and dis¬
t
v.
Clearing House retnxv.105.550.000
London. Saturday, Dec. 29, lb??.
business has been
.
Mid. Uplandcoitoit,...
No.40s, mole twist, fair
95*
[From oar own correspondent ]
amount of
,
3£©4
Upland cotton, of No. 40’s Male twist, fair second quality »
91.19-3!
48.25
27.24
•6
.
and the Bankers’ Clearing House return,
four previous years:
120:50
*0.88
mos.
-
s£©3K
Annexed is a statement showing tbe present position of the Ban k
of England, tbe Bank rate of discount, the price of Consols,
the average quotation for English wheat, tbe price of Middling
12.12
••»
0*0.67
*3Y©23*
47X©47^
u
Genoa.
Maples
Dec. 28.
12.2*f&12.8*
l«.4tt@l*.5
3*@3*
The rates of interest allowed bj tbe joint-stock
count houses for deposits are subjoined:
Discount houses at call
Discount houses with 7 days' notice
Discount houses with 14 days' notice.
BATB.
tixb.
3*©?Y
8 months* bills
Bank
Open
market.
...
2
2
8
S
Open,
market
cent, percent.
,5
6
6
5*
rate,
F cent, percent. I
Paris
Amsterdam
I Lisbon and Oporto..
St.Petersburg....
F
>
....
Turin, Florence and,.
*M
4
Rome
4
4*
Genoa
5
\4\
Hamburg
4*
Geneva
Frankfort
3*
3*
434
New York
5@t>
Leipzig....c.t .« ...... 4*
Calcutta
:. 5
Vienna and Trieste..,. 4* 4©4*
Copenhagen
5*
8
Madrid, Cadis end Bar¬
6©8
6
celona
A few parcels of gold have been purchased for export, hut at
Brussels
Berlin........
**
*.m.
■
KZCBANCrS AT LONDON—
DECEMBER 28.
8months'bank bills......
4 and 6 mouths* trade bills.
Opea-marketrates:
io and CO days* bllla
UXBIOV nOlURSl IT liOKRON AND OK LONDON
Open-market rates:
Percent.
4months' bank bllla...... 3H©3K
4
*•••••••••«
•••••• •
present there are no indications of an active demand.
market is weaker at 54d. per ounce.
The silver
'Tenders were] received at the Bank of Eugland on Thursday
,for £300,000 in Council bills on India. The amounts allotted
were : to Calcutta, £180,000, and to Bombay, £20,000.
The aver¬
age rate obtained was only Is. 8|d. the rupee.
The amount of business in progress on the StoCk Exchange
this week has been extremely moderate. Two holidays have
supplies of manufactured goods, which places us in the position
being able to aupply every and each class of consumers. This been observed, and an accounting has been in progress; Conse¬
iibblid proof of the vast purchasing-power of Great Britain. quently, there has been very little opportunity for transacting
There is. indeed, much argument about our intrenehments upon fresh business. That there will be any. increase until Parliament
dapltal, and many talk about the mercantile decadence of the meets, or until tbe contents of the royal speech are known, is
country; but it may with safety be contended that not for many very improbable, and we must look forward, therefore, to a quiet
fuifs has such judicious use been made of our surplus capital. and anxious three weeks.
The dosing prices of Consols and the principal American secur¬
Itisquitetrue that we want more numerous buyers for our manu¬
factures, and these we shall have when political affairs shall have ities at to-day’s market, compared with those of Baturday last,
assumed a more satisfactory appearance; but so far our vast are subjoined:
of
ihjoftltiofis have been without decided influence upon the money
'market* and it may be inferred, therefore, that
ble of
paying for additional large supplies.
we are
There is
still capa-
an
old
say-
te^Bttohg pdlitical economists, to the effect that "look after your
Imports and the exports will take care of themselves.” Although
the value of our imports forms a heavy total, we have still been
foipbrting at low prices, the political disturbances bn the Conti¬
nent and the war having Induced merchants to ship to British
;pcuts, at which the greater certainty of a ready market existB.
The future, of course, is very uncertain. There may, or there
•may not, be an early peace, and as very severe weather is reported
from the Danube, in consequence of which military operations
are suspended, the Work of pacification, with a people
of the
nubile nature of tbe Turk, may progress with unpleasant slowUbs*. It is still possible that a fresh campaign in the spring will
be necessary, though, of coarse, there is a very general hope that
during the winter months the belligerents will seek the opportUidty of settling their differences.
The demand for money during rite week has been exceedingly
moderate.
There is an increasing inquiry for short loans; but
the new year promises to open with considerable case. In
fact,
there in the prospect
further diminution in the supply of
£e*canttte paper; and even were the war to cease, it is probable
that come time would elapse before the offsets of Improved trade
be felt in monetary circles. The prices of money are now
us
follows:
of
a
Redm.
Do
<=
1881
.1885
106
103
.1887
105*©105*
«...
5-20
U. 8.1867,6e
........,1881
...1904
Do funded,5s....
Do 10-40,5e.
Do funded. 4*a tuned at 103*.
Louisiana Levee, 8s
6s.
Do
Massachusetts 5s
Do
5a •'•••••*
Do
5s
Do
5b
Do
60
Do
5s....
•
**•.*•.
•
•••
*••
.
.1875
Dee. 13.
..
•
Be*..
New funded 6a.,.,.....• •
©62
© 52
107
tlOS
©106
f
••••••
Virginia stock 5s.....................-
©108
103*©108*
©105
1900
*18^
1891
-...........1895
•••••••••••••*••••••
©104
1894
*«•#•••• • • •• «••••• • •
••*•••••••••
107
©107
.1888
••••
••• ••••
••••••••••••••«
Do
Do
Dec. 19.
94^© 95
Console
United States
..........
..1905
©106
©106
©85
56
t35
txniois oOiiiB Bonn in> shuu.
ibany A
& Susquehanna
susqneaanna cons. mort. 7a ffoaom
Nos.BOX
to
1,500, inclusive, guar, by Del. AHnd.Canal. 1906
tlanuc A Great western 1st M., $LO0O,7s...l9O2
Do
2d mort, $1,000,7a.l909
DO
3d mort. $t0d0.....190t
Do 1st mort. Trustees' certificates....
do
Do 2d
do
do
do
Do Sd
Atlantic Mississippi A Ohio, Con. mort, 7s. •,.1905
do
Committee of' Bondholders! ctfs...
cl
Baltimore A PotomacfMainLine) 1st mort 6a 1911
do
<Ttumd> 1st mortgage, 6a
86 © S8
60 ©62
(guar, by Pennsylvania A No. CenLRaiiway).1911
Bar). Cedar Rapids AN0.RR. of Iowa, lit mort..
Central of New Jersey ©area........
..
Central of New Jersey.oenamort, 7s.......^.1899
Central Pacific of CaUforala, 1st mort, 6s:... .1896
DoCalifor.Ai
Do
MPttfd.bda6a.189*
Land grant
a.......................1890
Det *A Hud. Can. 7a....•*.«•. »••*••• •... >«. •
Detroit A Milwaukee let mortgage. 7«
Do
1876
Idmorttf^e,© ..........1878
W
13
©14
8*@ «
14 @
1**®
21 @
24 @
$5 paid..
$4 paid...
$3 paid...
$2 oatd...
reconstruction trustees' assessm’t,
do
do
do
preference, 78.........
convertiblegold bonds. 7s
...
reconstruction trustees’ certificates.
7s
....
...1904
23-@
.
45 ©
45 ©
19 ©
18
13*
23
83 @25
26
26 (a 28
25 ' '25 ©21
47
47 © 49
47
47 © 49
81
79 © 61
1st mortgage, 68
.1911
Illinois Central, $100 shares
72*@ 73*
Lehigh Valiev, consolidated mortgage, 6s
1923 93 © 95
.Marietta & Cincinnati Railway, 7s
.1891 ... .©
Missouri Kansas A Texas, 1st mort., guar, gold
bonds, English, 7s.... .
..1904 46 © 48
New York Central A Hudson River mortg. bonds.7 116 ©117
New York Central $100 shares
104 @106
Galveston & Harrisburg,
Oregon A
do
83 @ 88
28 @ 30
32 @ 33
1890
California, 1st mort, 7s
Dec. 15.
viz., from the 1st of September to the close of last week, com¬
»*@ 9* pared with the corresponding periods in the three previous years:
14 @ 16'
IMPORTS.
12 ,@ 14
Dec. SO.
Redm.
Erie$100shares..;.......
Do
Do
Do
Do
Do
Do
Do
Frankfort Commit’© Receipts, x coup.
,.
bonds (guar, by Pennsylvania R. R. Co.),
Union Pacific Land Grant 1st mort, 7s
Union Pacific Railway, 1st mortgage, 6’s
101 ©103
1889 1G3 “©105
1898 103 ©105
8s
-
....
Barley
5,001,011
4,116,758
772,053
Peas
certs, (a), 7s
1892
Atlantic A Gt. W. Re-organization 7s
1874
Atlantic A Gt.W., leased lines rental trnst, 7s. 1902
Do
do.
1873,78.1903
do.
Do.
do.
Western exten., 6s
1876
De.
do.
do. 7s, guar, by Erie R’y.
Baltimore A Ohio, 6s
1895
Indian Corn
Flour
2,560,357
v
Burl. C. It A Minn., 7b»...................
Cairo* Vincennes,7s
Chicago A Alton sterling consol, mort, 6s
...
Wheat
Chicago A Padncah lst mort gold bonds, 7s...1908
Cleveland, Columbus, Oin. Alfcd. con. mort...1913
Eastern Railway or Massachusetts, 6s
1906
Erie convertible bonds, 6s
1875
©105
©105
..DO. 1st cons, mort., 7s
Do. with redonstrnction
coupons.....
Do* Id consol, mort, 78
Do. reconstruction
1920
trustees’ certificates of 6
*
.tra8tee8’certificates, 7s.
1894
M.. gold, 7s. ..1900
Illinois A St Louis Bridge 1st mort, 7s ...... 1900
Gilman Clinton & Springfield 1st
2d mort, 7s
Da
Illinois Central, sinking fnnd, 5s
do.
1903
Do.
68
.1895
Do.
5s
.....1905
Illinois Missouri A Texas 1st mortgage....... 1891
Lehigh Valley consol, mort, 6s,
Louisville A Nashville, 6s
“A
.
...19u2
...@
—
86 © 88
.\a 48
46
46
55
92
53
95
107
© 48
@ 66
© 94
@ 56
@ 96
@109
93 © 95
©
97 a© 99
92 © 94
Memphis A Ohio 1st mort 7s
1901 102 @104
MUw&okee A St Pant 1st mort 7s
.1902 100 @102
New York A Canada R’way, guar, by the Dela¬
1904 87 @ 89
ware A Hudson Canal, 6s
N. Y. Central A Hudson River mort bds., 6s..1908 113 @114
Northern Central Railway consol, mort, 6s
1904 83 @.55
Panama general mortgage, 7s
1897 106 @108
"
^
t
Do.
Do.
Da
Do.
imp.mort.,6s..
gen.
1897
mort, 1874, 6*s
' x all
Scrip for the 6 deferred X coup
94*A&*
....*X© ....
28 © 32
10SH@109*4
© ....
.....
Pittsburgh A Connellsville Con. Mort Scrip,
gqar. by Baltimore A Ohio RR. Co.. 6s
Sonth A North Alabama bonds, 6s...,.*
St Louiei Tunnel 1st mort (guar, by the Illinois
A St. Louis Bridge Co.) »s..
1888
Union Pacific Railway, Omaha Bridge. 8s.. '.1896
United New Jersey Railway and Canal, 6s
1894
Do.
do.
do.
do.
6s
1901
-
90 @ 92
.
©
104 @tC6
107 @109
107 @109
124,806
189,273
3.421
918
32,862
27.507
39,367
7,146
11,376
6,809
179,034
15,123 1
Reports—Per Cable.
pool for the past week have been reported by cable, as
shown in
95 5-16
95 5-16
94 11-16 95 1-16
94 11-16 95*
107*
106
104
s.
d
0
6
80
10
11
12
0
6
Flour (extra State)..... fibbl 30
Wheat (R. W. spring), fl ctl 10
"
<Red winter)...'.. “11
© 50
@50
@65
© 94
@ 56
;@ 96
©l"9
93
95
© ....
2
44
29
6
11
10
11
12
12
6
3
8
Liverpool Provisions Market.—
s.
85 0
rteef (prime mess) $1 tc.
Pork (W’t. mesa)....tt bbl 56 0
Bacon (l’g cl. in.)
p cwt 32 6
Lird (American).... “
41 0
Cbeese (Am. fine).... “
- 64 9
97 @ 99
92 © 94
102 @101
100 @102
Liverpool Produce Market.—
88 @901.2*@113*
83 @ 85
Sat.
"*■.
.
.
s.
Rorin(common)... p cwt., 5
44
(fine)
44
10
Petroleuin(reflned)....p za!
95 @ 96
(spirits).....
•
n
Tallow (prime City).. M cwt.
...
d.
7*
.
d.
-
7*
40 0
25 0
s.
d.
5
3
0
10
44 25 0 .
Spirits tnrphntine
London Produce and Oil Markete.—
-
.
Sat.
£ s. d.
-
Uns’dc’ke(obl). V tt. 9 10 0
Uasoed (Cal.) p quar. 51 6
8ngar(No.l2D’chstd)
on
9 10 0 9
51 6
_
10 0
51 6
whale oil...
44 .36
Linseed oil.... V ton .27
..
22 6
22 6
0 0 86 0 0 36 0 0
00 27 002700
3
0
107 @109
Very little business has been transacted in cereal produce dur¬
ing the week. Nearly all the markets have presented a holiday
Imports and
Frt.
d.
85 0
56 0
81 0
40 3
64 0
.
a
0
9
a.
d.
10
51
0
6
21
76
88
27
0
0
0
40 9
23 4
0
0
Wed.
£
0
Thor.
£ «. d.
9 10 0
51 6
22
0
36 0
*7 5
76
0
10*
'7*
10*
7*
7*
40
25
d.
10
10*
0
0
Fri.
5
10
Commercial anb miscellaneous
107 @109
3
0
28
37
s.
....
103 @105
7
s.
d.
5
10
^
22 6
Minn..76 0 0 76 0 0 76 0 0
spot, Newt
Sperm oil
90 @ 92
Mon.
Taee.
£. s. d. £ s. d.
3
12
12 10
>,
Tam*.
d.
5 6
Wed.
s.
10*
7*
40
25
It
0
Thur.
h. d.
85 U
56 0
31 '0
40 6
64
6
5
.
Taes.
3 5 3
0 10 0
10*
10*
40 0
•
~
37/0
Wed.
s. d.
d.
*85 0
85 0
56 0
56 0
81 e
82 0
40 9
41-064 0
64 0
Mon.
29
10
6
6
3
8
29
d
s.
12 11
29 0
37 .0
s.
.
V.
s.
29
19
11
12
Tnes.
Mon.
d.
85 0
58 0
32-6
41 0
64 9
-Sat.
d.
s.
Fri.
Thar.
d.
a.
A2 11
0
37
37 0
W6*
104*
of cotton.
Wed.
s. Vd.
3
8
u :i
29 0
2
106
104
Taes.
s. d.
29 6
10 6
8
12 11
28 9
(Av. Cal. white).. 44 12 8
(C. White club)... 44 12 11
Corn (new W. mix.) P qnar. 23 9
Peas (Canadian) 9 Quarter. 37 0
“
95 5-16
106*
107*
106*
10«*
103*
Mon.
d.
95*
106
105*
101*
106*
107*
106
104
105*
Frt.
Thur.
95 5 -16
96 5-16
Wed.
Tnes.
Mon.
.
sat.
43
43
55
92
53
95
107
@
77,544
8,616
88,966
5,648
and Li ver¬
s.
87 © 89
99 ©101
76 @ 58
do.
54,417
10,090
18,888
Liverpool Breadstuff Market.—
© . ..
90 © 92
90 © 92
98 @100
99 @101
99 #*101
88 j@ 89
99 @101
84 @ 86
-...»©
2,081,539
Liverpool Cotton Market.—Bee special report
89 ©91
79 @81
©
6,680.561
The daily dosing quotationsin the markets of London
Gonaols for msney.. 94 7*16
44
account.. 94 9-16
U.8.6s (5-20s) 1867.... 105 *
107*
0. 8.10-408
5s Of 1881
105*
New 4*8
103*
105 @107
104 ©106
@ .. .
99 ©101
99 ©101
88 @ 89
99 ©101
87 @89
@ ...
5s*@ 59*
79 @81
.
10.075
49,762
1,800
9,949
41,288
17,629
Sat.
30 © 35
.
691,986
833,118
8.786.010
2,951,151
1,237.503
minimum rate of discount at 3 per cent.
106 @103
20 © 30
..1910 1O6)£@107* ln6J<@107H
Pennsylvania general mort. 6s
Do.
consol, sink’g fund mort 6s
1905
Perkiomen can. mort (June ’73) gu&r. by Phil
©Heading, 6s
1913
Phil. A Erie 1st mort (guar, by Penn.RR.) 6s.. 1881
Do.
.vwith option to be paid in Phil., 6s ...
Phil. A Brie gen. mort(guar. by Penn. RR.)6e. 1920
Phil. A Reading general consol, mort 6a.. ...1911
3,736,798
3,499,226
466,625
Market,—The bullion in the Bank
of England has increased £121,000 during 4he week. 9 The
directors of the Bank, at their meeting on Thursday, fixed the
20 © 30
.1892
Paris A Decatur.
13,578,820
5,565,843
3,233,620
the following summary:
.
London Monty and Stock
103*@106* n$ @107
89 @ 91
89 © 91
458.139
23,990
English market
....© ....
@ ....
28 © 40
16 @49
30 @85
89 © 91
728,544
Oats
Peas
Beans
@17
©103
....© ....
....@,
37 © 39
16 ©19
28 © 32
..©....
cwt.
Barley
Floor
93 © 95
1902
.....
1909 28 @ 32
1903 10= *@1094
1874;
1875.
21.331,144
1876.
12,495,886
4,819.269
8,949,616
678,468
1,591,860
12,992.864
2,019,252
EXPORTS.
Indian Corn
92 © 94
..1902 105 ; ©167
..1910 104 ;@106
6s
6s.
..
1,491.593
8,918,611
103 @105
91 @92
28 @ 32
'
,
21,159,732
Oats
AMERICAN STERLING BONDS.
Allegheny Valley, guar, by Penn. R’y Co
1910
Atlantic A Gt. Western consol, mort., Bischoff.
cwt.
Beans
33 @38
28 @ 80
31 @32
16
101
104
104
1377.
•
••
•
Wheat.....
72 ©73
93 © 95
.*©....
50 © 52
117 ©118
106 @106
Pennsylvania, $50 shares
Db.
1st mort., 6s
J880 102 @103
Do.
consol, sinx’g fund mort. 8s
1905 el @ 92
Philadelphia A Reading $50 shares
16 © 17
Pittsburg Fort Wayne A Chicago equipment
Do
Do.
S3
CHRONICLE.
1878]
January 12,
<
40
25
0
6
Fri.
s. d.
£
9 10
0
5i m
22
76
6
0-n
86 o n
27 5 "0
Netps.
Exports for the Wanx.—The imnorts last
increase In dry goods and a decrease in general
The total imports -were $4,977,793, agaidst
week shewed an
merchandise.
has taken place in prices. A $4,451,733 the preceding week and $4,977,636 two weeks pre¬
The exports fof the week ended Jan. 8 amounted to
vious.
According to the official returns, the sales of English wheat $6,477,544, against $5,317,093 last week and $6,467,136 the prein the ISO principal markets of England and Wales amounted, vious week. The exports of cotton for the week ending Jan.9
were 11,766 bales, against 7,613 bales the week before. The fol¬
during the week ended December 33d, to 42,753 quarters, against lowing are the imports at New York tor week ending (for dry
41,545 quarters last year ; and it is estimated that they were in goods) Jan. 3 and for the week ending (for general mer¬
the whole kingdom 171,000 quarters, against 166,200 quarters in chandise) Jan. 4:
FOREIGN IMPORTS AT NEW YORK MB THE WEEK.
1876; Since harvest, the sales in the 150 principal markets have
1177.
1875.
1878.
1878
;b&ir 791,635 quarters, against 880,463 quarters, while it is com-' Drygoods
$1,499,254
$1,341,659
$1,*09,833
6.136.930
4.049,824
3 591,924
4,304,610
puted that they have been in the whole kingdom 8,166,540 General merchandise...
$4,977,193
$7,528,537
$5,«5»,7W
Total few the week.
$5,803,864
quarters, against 3,532,000 quarters in the corresponding period
appearance, and no material change
firm tone has, however, prevailed.
.
r
.
Without reckoning the
of last season.
granary, it is estimated that the
and flour have been placed upon
supplies furnished
ex-:
following quantities of wheat
the British markets since har¬
'
.
$5,803»S64
$7,523,539
of the dry goods trade will
Since Jan. I....:..,
In our report
\ ^
dest:
1877.
1876.
1875.
*874.
i
CWt.
cwt.
CWt.
CWt.
!
...21,159,781 12,495.888 2),341,144 13,578,820
IttlpOrta Of flour
2.560,8>7 2.014,252 2,081,539 2.651,151
Bate* of home-grown produce
13,722,000 15,265,600 13,983,790 19,390,000
Imports of wheat...
......
.
36.700,966
Aver, price of Eng. wheat for season
v
85,6^,971
*152,313
29,306,876 37,312,082 83,467,658
54s. Id.' 47s. 86. s
47s. Od.
44s. 84.
$5,259,709 ,$4,917/193
be found the imports
of dry goods for one week later.
The following is a statement of the exports
from the port of New York to foreign ports
Jan. 8:
.
For the week
(exclusive of specie)
for the week ending
„
.
EXPORTS FROM MEW
....
......37,442,139 29,780.138 87,896,383
Exports of wheat and Soar....
473,262
741,173
84.35t
•••••*••
Previously reported—
YORK FOR THE
1875.
1878.
$4,849,239
$4,012,81$
Previously reported....
WEEK.
.... »«•
~ $4,249,239
$8,981,539
$4,012,323
The foliowiug will show the exports of specie from
New York for the week ending Jan. 1/ 1878, and
Since Jin. 1
The following statement shows the imports and exports Of parison of the total since . Jan. 1, 1878* with
produce into and from the United Kingdom since harvest, totals for several previous years;
tereal
1877.
$8,981,539
1J£8.
$MtTj5*4
-»»»
$6,477,544
the pert of
cm-
the corresponding
78 81
THE CHRONICLE.
34
Jam. 4—Brig Ransom
Jan. 6—Str. Repnblic
Appinwall
Amer. gold coin..
Liverpool........Foreign til. coin..
Amer. silver bans.
Puerto Cabello...Amer. gold coin..
Liverpool........ A mer. gold bars..
Jan. 5—Str. Donau
London
Dee. 31—-Str. Colon
Jen. 2—Str. Abyssinia
*
781
.
4,050
Amer. silver bars.
320,000
35,570
5,110
Mex. silver bars..
$457,620
Total for the week
Total since Jan. 1, 1878
$268,634
I
Same time in1871
678.043 J1870
1876
1875
1874
.....
187*
The imports of
been as follows:
$456,120
..
.
j
„
2,216.12111869
658.453! 1368
3.527,152 11867
572,8271 1866
$977,370
716,593
745.62S
5,537,400
1,662.340
1,192,534
-
gold
Foreign gold
Amer.
Havana....
....Amer. silver
Nassau
Amer.
gold
Foreign gold
Tfctal since Jan. J, 1878.
Same time in—
1875
33.602
1874
26,312
Same time in—
/
1872
1871...
1870
1869
15,590
1868
1877
.
iSfe!.!**.*".’!'!’”*.!!!
$509,831
51.215
.
The transactions for the week at the Sub-Treasury
as follows:
Payments.
Currency.
Gold.
Customs.
Gold.
Currency.
5
Jan.
$590,747 82 $1,482,479 99 $337,773 57
$638,719 36
$312,000
*
f
401.000
•••**•
218,000
159,000
298,000
298,000
8.
9
10
II
N
593,828 83
720,626 04
894.88 i 80
820,181 00
1,313.543 25 ‘
591,824
232,822
686,127
528,848
52
38
98
08
898,234
840,993
1,736,438
793,091
85
47
25
41
TOttL
$1,686,000 $4,901,582 38 $4,522,794 16 $6,512,355 24
Balance, Jap. 4
102,133,784 59 83,982.333 88
Balance. Jan. 11
100,523,011 63 53,836,704 02
$4,668,423 27
• •
••
1,227,256
$439,743
Surplus for 1875
$1,327,200
payment of public debt during 1878
The constitution provides that the annual
Available for
public debt shall net be less than two
dollars.
reduction of the
hundred and fifty thousand
Values of Foreign Coins.—The following circular was
concerned by Secretary Sherman :
!
sent
to the officers
)
Treasury Department,
•
©s
522.489 41
1,945,718 02
ll*i
..
$1,661,000
537,501 14
5)0,234 11
824,707 02
1761,117*27
'
....
$1,225,000
2,256
Washington, D. C., Jan. 1, 1878.)
The first section of the Act of March 3,1873, Statutes at Large,
$3,800 volume 17, page 602, reproduced in Section 3,564 of the Revised
701
Statutes, provides “ That the value of foreign coin, as expressed
299
3,000 in the money of account of the United States, shall be that of
1.416 the pure metal of
such coin of standard value,1’and that “the
500
values of the standard coins in circulation, of the various nations
8,700
of the world, shall be estimated annually by the Director o! the
$13,416 Mint, and be proclaimed on the first day of January by the Sec¬
$45,702 retary of the Treasury.”
The estimate of values contained in the following table has
79,945
263.782 been made by the Director of the Mint, and is hereby proclaimed,
58.970
in compliance with the above-stated provisions of law:
*0,908
have been
CCS.
Foreign gold
Amer. silver.
Havana
Liverpool
Jan. 4—Str. Saratoga
Jan. 4—Str. Carondelet
H
Coupon account of 1877.
300,000
specie -at this port during the same periods hare
Jan. 2—Sir. C yde
Jan. 8-Str. Parthia
44
460,000
$1,500 Commutation of tonnage tax
3.000 Allegheny Valley Railroad Company
15,100
Total receipts, 1878
90,000 Interest
on public debt
8,390
Amer. silver bare.
Soutbampton....Mex. gold coin...
Same time in—
(Yol. XXVI.
Pennsylvania State Finances.—The Governor’s message has
the State finances:
the following on
TOTAL
KBOXIPTS
AND
DISBUR8KXSNT8
DURING
NOVEMBER
30, 1877.
TBS FISCAL
TSAR
BNDING
Beceipti.
$981,997
Balance in Treasury, Nov. 29. 1876
General fand
Sinking fund,
Sinking fund,
Sinking fund,
Sinking fund,
*
pjP.Oip.fl> pjfl> pu Pi© p.p-0 p.p.p.p.p,P>® p.p.n>
4,324.905
§; p..
g: n ?: g?: gj*i
: :
; p.;p.: ;
2,0«3.5'3
8,000,000
261.922
ordinary receipts
new loan, 5 per cent..
premtam on new loan
ini
interest on sale of new loan
•
os
oo -
.
:
-
9,161
::
◄
.
¥
ss:
<.
c<
9
«
pjpjp.pjp.ro
§:
g: f| : ?:
p.: p.*
•
gg
p*p.*
: :
e=::
&;
2$:
©:
$15,644,500
egg
DisbunerMnts.
$4,010,381
Ordinary expenses
Loans redeemed
Interest on loans
Premium on gold
8,035,196
1,414.691
13,726
..
6,000
2,497
Compensation, Farmers* and Mechanics* Nat. Bank
Coupon interest, paid at Treasury
.
13,482,458
PUBLIC DEBT.
Total funded debt. Dec. 1, 1877
$4,686,413
3,200,000
1,705,014
Pennsylvania Railroad bonda
Allegheny Valley Railroad bonds
Balance in sinking fund, November 30, 1877
S
$22,943,814
o
$18,352,386
Indebtedness unprovided for
NEW FIVE PER CENT LOAN
The new five per cent eight million loan, for the redemption of
the maturing loans of the commonwealth, authorized by act of
March 20, 1877, was duly advertised, and the bids therefor were
*2
ISs
P'0'
g«S
o
SaS
iSf
<D
*
£psP<
Os
J»*
8
-no®®
■8
©>
ED M)
6°
Sggg,
s.
S'®
®
si
2*5
.*
® -*
o o
!§•
“
GO
i
5|
g
g
P*
©
-
B »
OP.|
8
c
pi
•gg p
o
•
p,
© o
i-a
o-
ra
°p.
©
;? S 1 ? is.!5
p.S“5
s
W ©
O
.•|bb*
-
p.B
P'
s
I
Pi©><
g
■—*
§
§S
OOjt ©,© §22
!
(O P P. so
ii
8s"
g
xs
p
-
P'S o
gg m
3§g. 20*3
3 Is
§5.«
g
o*
9,591,427
og
so
l
o»o«coco
525
$2,162,046
Balance in Treasury, November SO, 1877
COO6-5O0COW CO ^.00 00*000 0*
00000*00
00 03 00® CO OD CO
I
%
©
O
pi
o*
IS5
The above rates will be taken in estimating the values of all
foreign merchandise, mode out in any of said currencies, imported
on or after January 1,1878.
I am, very respectfully,
John Sherman, Secretary of the Treasury.
—The Western Division of Chicago has three parks—Hum¬
boldt, Central and Douglas—containing in alj (boulevards and
parks) 765 acres of land.. These lands were purchased in 1870,
at an aggregate cost of about $1,250,000, one-half of which wag
paid for by special assessment upon the lands benefitted and the
other halt by the town of West Chicago by the issue of a series
the first day of May, 1877. The bids above par
over $17,000,000, and the premium realized was
$361,922. Of the eight millions of bonds redeemed with the pro¬
ceeds of tbis loan, over five millions were six per cent currency
interest-bearing bonds, and the remainder were five per cent gold
interest-bearing bonds. This redaction of the rate of interest
will save the State more than fifty thousand dollars annually.
In the general fund it is estimated there will be a deficit, Nov.
of seven per cent bonds payable in 1890. These bonds constitute
30,1878, of $938,925.
The depressed condition of the industrial interests forbids the the whole indebtedness of the town of West Chicago. Of the
attempt to meet this deficit by increased taxation. I therefore original issue ot $667,000 of the bonds issued in 1870, $27,000
recommend that one-third of the revenue derived from the cor¬ have already been purchased and canceled by the Town Board.
poration tax be diverted from the sinking fund and paid into the The assessed property value in 1876 was $57,489,869. Mr.
general fund for the present year. There will still be ampleffunds, David S. Greenebaum, of 20 Wall street, offers a limited amount
after tbe paying of interest, to more than comply with the con¬ of these bonds for sale, as appears by his card in to-day’s issue
'
7y
stitutional provisions for the redemption of the debt. The one- of the Chronicle.
third so diverted will, in part, pay the extraordinary expenses of
—Attention is directed to the notice published by the Canada
the July riots, which are estimated to be about five hundred Southern that the scheme presented for the funding of the bonds
thousand dollars. The balance of tbe deficit can only be avoided of the company has been accepted by a large majority of the bond¬
hj the closest scrutiny of all appropriation bills, and the strictest holders. In order to perfect the same and to deliver the new
bonds with the proposed guarantee to those who have already
economy in all departments of tbe government.
BINRING FUND.
deposited their old bonds and to those who play desire to oome
.'Available for payment of pablie debt, Nov. 30,1377
$885,200 in, it is necessary that the bonds now outstanding should be pres¬
opened
on
•mounted to
*
$4,754
2,497
Coupon accou nt. 1876
Coupon account paid, 1877.....
...
Estimated receipts and payments of sink, fund for
Corporation tax
.
fiscal year 1878.
$1,800,000
Less one-third heretofore recommended for diversion for
general purposes
*
<; * -
-438,000
$867,000
before the 1st day of
exchanged for the certif¬
icates of tbe company, to be countersigned by the Union Trust
Company. It is expected that the prompt compliance by the
ented at the office of the company on or
2,256
February next,{so that the same nc ay be
enable the company to com¬
plete the issue of the new bonds on or before the 15th day of
bondholders with this notice, will
March next
35
THEjCHTtONICLK
January 12, 1878.]
LIABILITIES.
NATIONAL BANKS
Sept. 22. ’77. Dec. 15, T7. Comparisons.
®ajette..
Cankers’
Circulation
Due banks
ORGANIZED.
Comptroller of the Currency famishes the
following statement of National Banks organized the past week:
2.378—Exchange National Bank of Olean, New York. Authorized capital,
$100,LUO. Paid-in capital, $luU,000. Claudius Y. B. Barse, President;
The
Mills W. Barse,
Cashier. Authorized to commence
business January
Nark op Company.
Railroads.
Branch
Illinois Central
ffnnnfAr
Panama
Terre
fau&r.)............ '
.
......
Haute & Indiana
Insurance.
American Exchange Fire
Atlantic
rstiKcns’
i
2*
5
Globe Fire
1*
Anarriian Fire.
Hope
Howard
5
.
5
5
10
5 '
Importers’ & Traders’
Irving
Kings County
(Brooklyn)
Knickerbocker Fire
5
Tjtmar
On
On
On
On
Lorillard
Manhattan Fire
New York Equitable
Pacific Fire
Peter Cooper
...
...
Fire
Ttahef Fire
...
.
Tradesmen’s Fire
5
5
5
10
10
10
5
5
FRIDAY) JANUARY
Money
market and
accounts
On
-
never
Thursday, Messrs.
Closing prices at
Muller & Son sold at auction $100,000
105f, and $100,000 6s of 1881, coupons,
the Board have been as
Jan..
Jan.
Int.
period.
follows:
Jan.
Jan.
Jan.
Jan.
8.
«.
10.
11.
106*
106*
104*
7.
5.
reg..Jan. A July.*106* 106* 106* 106* 106* 106*
6s, 1881.... A
coup..-Ian. A July. 106* 106*
106*
106*’ *103
106* 107*
*101
108*
103
103J
6s, 5-20s, 1865, n. i...reg. .Jan. A July. 102* 102* 103
103
103* 108
6s, 5-208,1865, n. i. .coup. .Jan. A July. 102* 105* *105* 105* 105**106*
6s, 5-20s, 1867
reg..Jan. A July.*105* 105* 105* 105* 106* 105*
6s, 5-20s, 1867......coup...fan. A July. 106* 106* *107* 107* *101 *103
...reg..Jan. A July.*106* 107* 107* *107* 108* 108*
6s, 5-208, 1868.
63,5-30s, 1868
coup..Jan. A July.*l(«6* 106* *106* *1C6* 107* *107*
5s, 10-40s
reg.. Mar. A Sept. 106* 107* *107* *107* 107* *107*
5s, 10-408
coup. .Mar. A Sept.*107
*106
106*
oar.—Feb.*105* *105* 105* 106
6s, 1881
5s, funded,
1881
reg
.—Feb. 105* 105* 105* 105*
uar.—Mar. 108* 103* 103* 103*
uar.—Mar. 108* 101* 103* *103*
.— Jan.
101* 101* 101* 101*
102
102* 102*
oar.— Jan.*102
coupon, 1907
an. A July
Currency lS95..reg..
Currency, 1896..reg.. Jan. A July.
Currency, 1897..reg., Jan. & July
*118* ....
Currency, 1898..reg.* ian. & July
5s, funded, 1881... coup..
reg..
4*9, 1891
4*8, 1891
coup..
4s, registered, 1907.......
4s,
6s
principal events bearing on financial matters this week were the
re-assembling of Congress after the recess, and the meetings of
the bank clearing house associations in this and other cities,
including New Orleans, to take measures of self protection
against the Bland silver bill. A committee was appointed at the
meeting in this city to memorialize Congress against the passage
of the present bill; also, to consider the subject of tbe banks
voluntarily joining together to place all dealings with their cus¬
tomers and each other on a gold basis.
The movement is im¬
portant, and, having the sympathy of bankers, not only in the four
Atlantic cities, but in so important a Southern centre as New
Orleans, it may result in decided measures, provided silver should
be made a legal tender, and such measures of self-protection
should
of bonds, which partly
for the firmer prices.
1061.
at
Financial Situation. — The
discussion one most prominent
be lost sight of, namely, that our best and
$1,029,400
investment demand, and prices for the
issues. The foreign
5-20s of 1367, coupons, at
11, 1878-5 P. in.
become necessary.
In tbe whole silver
200
week show an advance on nearly all the
bankers have been only moderate sellers
■
•
.
securities have been
Bonds.—Government
tolerably active on an
•>
Lenox Fire
The
1. Jan. 22 to Feb. 1.
31.
852,800
430.700
22,100
133.700
419,100
371,900
Inc.
$53,295,900 $52,268,500 Dec.
Total
dem.
dem.
dem.
j.
dem
On dem.
On dem.
On dem.
On dem.
Jan.
15
On dem.
On dem.
On dem.
Jan.
15.
On dem.
On dem.
On dem.
On dem.
Jan.
10.
Jan.
9.
Jan.
16. Jan. 14 to Jan. 16.
On dem.
J Jan. 10.
Feb.
Jan.
9,500
Halted States
$816,100
Dec.
Dec.
Inc.
Inc.
Inc
6,015,200 Dec.
9,300 Dec.
2,022,800
6,387,100
Overdrafts
15.
5
10
10
Commercial Fire
Farragut Fire
(Days inclusive.)
Jan.
29,015,600 Dec. 2,144,400
65,600
63,100 Dec.
81,160,000
128,700
$35,829,600 $35,019,500
8,792,100
4,641,900
8,2.8 500
2,792,800
1,629,200
1,598,100
144,800
11.100
2,441 900
Spec! e
Legal tenders
Books Closed.
3
3
3
6
5
.....
When
Payable.
100
»
i,fes,eoo
$53,295,900 $52,366,500 Dec.$1,029,400
Loans and discounts
Other stocks and bonds and mortgages
Due from banks
Real estate
Cash items and bank notes
announced:
Per
Cent.
25,300
4,8:9 700
$100,000
46,900
Dec.
Inc.
Dec.
Inc.
BXSOUBCES.
DIVIDENDS.
dividends have recently been
ie
Total...
2, 1878.
The following
»
4,737,600
25,400
3,605,900
.
.
depositors
Unpaid dividends
D
United States
$13,5-5,200
$13,685,200
4,690.700
Capital
Net profits
6s,
6s,
6s,
6s, Currency, 1899..reg.. Jan. A July
* This is the price bid; uo sou was made at
The^range in prices
class of bonds
coup.
5-208,1865, new..coup.
5-20s, 1867
coup.
5-20s, 1868..
coup.
10-40s
coup.
funded, 1881.... coup.
point
most
104*
101*
102*
101*
108*
Ilf
....
the Board.
since Jan. 1, 1878, and the amount of
/—Range since Jan. 1,1878
Lowest.
Highest.
107* Jan.
106* Jan.
108* Jan.
102* Jan.
6s,
106* Jan.
6s,
106* Jan.
6s,
107* Jan.
59,
105* Jan.
5a,
4*s, 1891....*
coup. 108* Jan.
coup. 102* Jan.
4s, 1907
6s, Currency, 1899....reg. 118* Jan.
Closing prices of
104
119* 119* lit
118* 119* .... *119*
outstanding Jan. 1,1878, were as
6§, 1881
104*
106
Jan.
Jan.
iollows:
Amount Jan. 1.—*
Registered.
$194,024,500
88.711,850
69.856,400
98,587,400
212,029,800
21.714.800
52,013,550
287,202.060
81.525.800
13,855,600
61,044,400
Jan.
Jan.
102* Jan.
119* Jan.
64,621,512
Jan
securities in Loudon have Deen as
Dec.
28.
Jan.
4.
Jan.
11.
105*
105*
106*
107*
105*
103*
107*
105*
103*
108
-
U. S. 6s, 6-20s, 1867.......
U. 8. 5s. 10-408
5s of 1881
Coupon.
47.046,950
15,753,500
142,552,750
221,238,800
118,474.200
10S*
107*
106*
104*
each
Range since
follows:
Jan.
1, 1878.-%
Highest.
Lowest.
105* Jan. 2 106* Jan.
107* Jan. 2 108 Jan.
105* Jan. 2 106* Jan.
H<3* Jan. 2 104* Jan.
11
11
11
unprejudiced financiers, who regard the interests of the South j
11
and Wpst as much as those of the East, utterly deny that the J New4* percents
State ana Railroad Bonds.—The dealings in State bonds
present bill, if passed, would accomplish what its
have been exceedingly dull, and little business can be expected
for it.
The anticipated relief to business would never come.
in the Southern State bonds until the unsettled questions pend¬
The proposed remedy is a delusion.
ing in several of the States are adjusted. Louisiana consols sold
The flurry in our local money market has apparently passed here to-day at 80i ; Tennessee?, old, at 35f. The reports of
Northern State finances, as they come in the several Governors*
over, and rates on call loans, after ranging up to 12 per cent on
messages, are quite satisfactory, and the progress toward paying
Monday, soon fell off, and have been quoted since then at 6@7 off State debts, though not as rapid as a few years ago, is still
per cent. There is a fair business doing in commercial paper at very satisfactory.
Railroad bonds show only a moderate business as yet, though
5@7 per cent for prime grades. The assignment of Mr. E. Jm
prices
are quite firmly held. •
Dunning, Jr., a note broker, who was accustomed to make call
There have been large sales of hypothecated securities at auc¬
loans on commercial paper deposited as collaterals, caused some
tion, but nearly all were of stocks and bonds commonly sold at
excitement early in the week. But undue prominence appears the Board. Of other local and miscellaneous securities Messrs.
to have been given to his transactions in the newspapers, as A. H. Muller & Son sold the following:
SHARES.
SHARES.
there was no fraud of any sort, and such loans have for a long
100 Murray Hill Bank (bypoth.).. 69
50 Phenix Nat Bank
98^ 800 Bankers’ A Brokers’ Asco., 50
time been made by the banks, and seem to be regarded by some,
18 Bank of America
138
per cent paid (hypo.), $100
80Merchants’ Ex. Nat. Bank... 83
each....
for $83
if not all of them, as legitimate business. '
4 r 158
Merchants* Nat. Bank
.116*
BONDS.
Tbe Bank of England on Thursday showed an increase in bul¬ 420 N. Y. Boston A Prov. RR.
$1,000 Wabash RR. funded debt
(Stonington)
120*@116
lion for the week of £121,000, and tbe reserve stood at 39£ per
bond, due 1907...
-.8*
90
Mutual Gaslight Co
cent of liabilities, against 42 11-16 tbe previous week.
The 50
25,000 Anderson Lebanon A 8t.
50 Manhattan G’light Co.205*@206*
Louis RR. 1st mort. 7s,
minimum discount rate was reduced to 8 per cent.
50 Nat. Broadway Bank
..19t*
gold, due 1905; coupons on
N.
Y.
Ins........
182
10
Fire
The last statement of the' New York: City Clearing-House
from May 1, 1876. ..$14 per bond
9Third At. RB......f
12d
banks, issued January 5, showed an increase of $1,829,175 in
Other auction sales embraced the following:
excess above their 25 per cent legal reserve, the whole of such
SHAR §.
SHARES.
excess being $9,824,125, against $7,994,950 the previous week.
15 Mercantile Fire Ins
91*
31 Grocers’ Bank..
75* 28 Peter Cooper Fire Ins :.....188*
The following table shows tbe changes from the previons
2 Nassau Bask...
90
17 Hamilton Fire Ins.^..;
150
week and a comparison with the two preceding years;
15 Importers A Traders’ Nat.
20 Resolute Firedns.
;... 60
205
Bank
1877.
1877.
1878.
1878.
55 Firemen’s Fund
59*
Dec. 29.
Jan. 5.
Differences.
Jan. 6.
Jan. 8.
10 North River Bank
45
20 Importers’ A TradersMns.... 103*
Fifth
*
.109*
2
Nat
Bank
Loans and dls. $239,173,900 $239,256,400 Inc..
$32,500 $254,800,100 $268,044,000
80 Globe Fire Ins
125*
70
5 Produce Bank
Specie........ 22,122.400 25,207,500 Inc.. 8,085,100 88,370,800 24.149,600
10 Atlantic Ins
140
6 Metropolitan Nat. Bank...... 131
CSxcolatlon...
19.667,800, 19,787,100 Ioc..
129,800 15.503,400 18.596,800
5 German-American Ins
.117
222
Net deposits.. 197.711,800 201,981,500 Inc.. 4,269,700 220.783.600 210,820.200 1. 5 Fifth Av. Bank
10Guaranty Fire Ins,...
70
75
85,300,500 84,612.000 Dec. 688,500 85,288,200 89,828,600 «10 Republic Fire Ins ..-.
Legal tenders.
8N. Y. A Boston Ins.a........ 8R
106*
104*
friends’predict
.....
.....
—.
.....
‘
.....
...
.
...
Mr. William A., Camp, manager of the Clearing-House, fur¬
nishes the following quarterly statement of the State banks
the city
&3I
of New York on the
15th cay of December, 1877 :
of
100 Lorillard Ins..
i 25 Commerce Fire Ins..
*
100
61*
Hope Fire Ins..;
77
10 New York City Fire In*...... 66
53
5
12
Homeopathic Mnt. Life Ins.
Novelty Rubber
.
Co. pf New
Brunswick, N. J...
$1
19$
36
THE CHRONICLE
[701. XXVI.
Closing prices of leading State and Bailroad Bonds for three
-Latest earnings
Jan. 1 to latest d^e.
,
Statxs.
consols
*89 or *90
Dec.
Jan.
98.
4.
*81# *80
*107# •x4 *104# 104# Jan. 7 104* Jan. 8
*15
*16
*15
86
88#
3o# 33# Jan." *4 35* JarnTl
*68# •67
I
North Carolina 6<s, old
Tennessee 6s, old
Vtrginiafie, consol
do
do 2d series...
District of Columbia, 3-65s 1994
*39
76
76#
Central of N. J. 1st consol.
*65
65#
X104#
•40
Baxlmam.
...
Central Pacific 1st. 6s, gold.
108
ChiC. Bari. A Quincy consol. 7e *112#
Chic. A Northwesrn, cp., gold
92
Chic. M. & SL P. cons. s. fd, 7sj 94#
CMC. R. I. A Pac. 6a, 1917
108#
Erie 1st, 7s, extended
Ill#
Lake 8b. A Mich.8o. 1st cons.cp 112
MScfafgan Central, consol. 7s... 1C5#
Meats A Essex, 1st mort
*115
N. Y. Gen. A Hud. 1st, coup.
Ohio A Miss., cons. sink, fund *99
Ptttsb* Ft. Wayns A Chic. 1st. *120
8i Louis A Iron Mt.. 1st mart. *108#
Union Pacific 1st, 6s, gold
107#
do
sinking fund.,.. 94
Railroad
Jan. /—Range sinct Jan.1,1878.—
11.
Lowest.
Highest.
80# 80# Jan. 8 81 Jan. 7
...
76#
W#
104#
*109#
92#
92#
92
jaii. '
76#
65# Jan.
104# Jan.
109
92
91# Jan.
106
•111# 110
*109# 109
•Ul
*x08
7 66# Jan. 11
7 104* Jan. 3
2 109# Jan. 5
7 92# Jan. 8
5 92 Jan. 8
5 106# Jan. 9
Jan.
Jan.
x06# 106*
Jan.
Jan.
7 110
.Fan. 7
Jan. 10 109# Jan. 10
105# *105# 105# Jan.
*115# 115# Jan.
*115
xll8
119
118
Jam"?
5 76#
5 105# Jan.
Jan.
*98#
*117#
*103# *104 104“ Jam
104# 108* Jan.
*98# 95# 98# Jan.
8
5
5 115# Jan.
7 119
*
x!04
Jan. 11
*
7 105
Jam
io
7 104# Jan. 8
7 95# Jan. 10
Stocks*—The
week has
been somewhat unsettled in the stock market, owing to
the flurry
and
miscellaneous
in money
at the opening of the year, and the large sales of
hypothecated securities following on the Netter and Bonner
failures. There have been important discussions going on as to
the-two principal subjects now affecting the actual value of stocks
—the trunk line rates and anthracite coal combinations—and it is
understood that as to both the prospects are favorable for the
companies. Rates are likely to be maintained, and, according to
the latest reports, a coal combination will probably be effected.
The outlook for railroad earnings during the next six months is
referred to on another page, where the earnings for December
and the year 1877 are given in full, and the influences
affecting
railroad traffic are briefly summed up. Reducing
possibilities
the
single question, perhaps the
in
.regard to the trunk lines to a
inquiry—Can Michigan Central earn a dividend in the next six
months?—would cover nearly the whole situation.
This road is
a type of those which have been
suffering for some years under
the low freight rates, heavy interest and rental
charges and a
floating debt, and if tne times shall change sufficiently to enable
it fairly to earn a dividend again, with the
great economies which
have been practiced, the change would be material indeed.
The
usual semi-annual statement of this company to December 1 has
been issued.
The daily highest and lowest prices have been as follows:
eatoroay. Mondai
Tuesday Wednes’y, Thursday, Friday.
not
Central of NJ
Cble.Borl.aQ
C. Mil. A St. F.
do
pref.
Jan. 5.
14# 15#
MS
l(tt#
96
Jaa. 7.
15* 16
102# 102#
S7
73
889$
100
100#
73#
35# 96#
<2# 63#
ChlmANorth.
c.&*¥£
Del.a H. Canal
DeLL. a Weat
41# 49
Erie....
Han. a St. Joe
do
pref.
.Central...
Shore...
..
...
Jaa. 10.
9..
Jan. 11.
■
14# 14# .15# .15#
a*
16
•102
S9#
73V
37#
64#
iog#
43
16#
litt# *102# 102*
87# SSQ
87
72*
85#
62# 68*
W# 99#
48
49#
<5
74
14#
62# 63#
62
73
jkEeaex
106# 106*
8# 8#
•
•
•
•
•
117
17
61
a
83
*15
?«* n*
30
•Thiele
80
and
74
asked:
‘SO#
“
**•
67,444
55,589
85,593
71,450
93,071 1,108,668
10....
11....
45,100
7,450
*5355
12,700 44,050
12,300 39,142
5j450 25,900
2,000
1,600
2,300
12,300
.
8....
9..„
••••••••
£*
88
no sols was made at the Board,
Whole
•
Jan. 8 99
Jan. 11 50
Jan. 11 48
Jan.
r*
Jan.
Jan.
5
1
87#
16
30
Jan. 11
Jam 2
Jam 9
Jan. 2.
Jan. 5
•
•
•.
56^
91
m
43# 60#
86
59#
81
18
90
84
45
pref
5
Jan. 9i 19*
The latest railroad earnings, and the totals from Jan. 1 to latest
dated, are given below. The statement includes the gross earn¬
ings of all railroads from which returns can be obtained.2 The
columna under the heading M Jan. 1 to latest date” furnish the
gross earnings from Jan. 1, to, and including, the period mentioned
1,411,738
were as
follows
990
50,880
1,700
39,668
16,720
9,140
27,910
400
305
614
800
9,200
9,000
Del, A
Erie.
28,130
Hud.
2,960
1,600
8,114
700
400
775
3,300
1/85
4,915
2,050
8,180
3,350
day at 102f. The meeting of bankers, looking to the establish¬
of a gold basis if necessary, and the belief that the Silver '
bill has less prospect of passing over the President's veto, havehad some influence, as also the lower rates of exchange from the /
ment
referred to below.
r-The Evening Poet money article says: "On gold loans the
rates have been 7@5 per cent for carrying.
There is some dis¬
position to sell gold * short/ on the calculation' that the Silver*/
bill cannot become a law, and that within thirty days the bill:
will* have been defeated and within sixty days the sale of 4 per,
cent bonds will have been resumed in sufficient volume to make
causes
Thursday,
Friday,
16#
•
in the second column..
384.890/
581,138/
the last line, for the purpose of comparison.
The Gold Market.—Gold has
gone still lower, and close* to-
Jan.
“
Tuesday,
“
Wednesday, “
1, 1878, to date.year 1877.
Lowest.
Low. High
Highest.
Central of New Jersey
13# Jan. 2 16* Jan. 11
6
87#
Mg
430 102
Jan. 2 102* Jan. 3 94
Chicago Bari. A Quincy
118#
Chicago MIL A St. Paul.
62,350 36 Jan. 2 39* Jan. 9 11
42#
do
do
pref.*. 17,569 *69# Jan. 11 74# Jan. 9 40# 78#
84
4
Jan.
Jan.
68,775
33
8 15
Chicago A Northwestern
43*
do
do
pref... 24,691 61* Jan. 5 t>4# Jan. 9 37# 69*
Chicago Rock Island A Pacific..
99
Jan. 5 100* Jan. 8 82# 105#
7,608
Delaware A Hudson Canal
22,744 45 Jan. 5 52* Jan. 2 25# 74#
Delaware Lack. A Western
171,^48 46# Jan. 5 52# Jan. 2 60# 77
Eric.
9,785
7# Jan. 5 b* Jan. 11
4* 13
Hannibal A 8L Joseph.
1,200 10# Jan. 11 14# Jan. 8
7
15*
de r ■ ’
do
1. 8,550 22* Jan. 11 25# Jan. 9 17
pref
38*
Illinois Central
3,130 73# Jam 4 74* Jan. ll 40# 79
Lake Shore.... 228,549 60* Jan. 4 63# Jan. 7 45
78#
Michigan Central
4,309 58# Jan. 3 63... Jan. V 35* 74#
Morris A R-sex.
6,401 71 «ian. 5 75* Jan. 2 51* 92#
N. Y. Central A Hudson River.. 16,834 103 Jan. 8 108* Jan. 9
85# 109#
Ohio A Mississippi
5,710 8 Jan. 7 8# .»nn. 7 2# H*
Pacific Mail
*,406 21# Jan. 5 23 Jan. 3 12# 26#
Panama.
453 112
Jan. 5125 Jan. 8 80
130
Wabash stock
8,876 16 Jan. 7 17* Jan. 8
■/.:.
Union Pacific.
7,480 64# Jan. 4 69 Jan. 10 59* 73
Western Union Telegraph
2!,0l9 76* Jan. 5 78* Jam 2
84*
‘do
3,187,280
1.336,469
608,4"
828,1(
151,4
534,8*8;
-
Saturday,
Monday,
Shares
Express
498.744
4,002,044
4.495.693
Mich. Del. L.
Cent. A W.
3,200
12,900
10,950
17,100
clearings and balances
■Quotiitions
of w’k. »—Jan.
Welle,.Fargo A Co.
Qjdeksilvet.
207,473
Total..
63,775 228,549 21.019 62,350
4,309 171,948
9,785 22,744
Wholestock.. ....151,031 494,665 837,874 153,992 187.382 524,000 780,000 200,000 1
The total numtar of shares of stock outstanding is given in"
C^T Low.
5.... 102* 102*
7.... 102* 102*
8.... 102# 102#
9
102# 102#
10.... 102* 102#
11.... 102# 102*
...
“
“
Current week..
Previous week.
Jan. 1 to date
The
following
Sovereigns
Napoleons
XX Reichmarks....
X Guilders
were as
Gold
a too
Cloa.
follows
:
Bala ncea,—„•
Gold.
Currency.
Clearings.
102* 102* $14,029,000 $1,768,325 $1,548,243
102# 102*
12,354,000 1,378 850 1,413,394
102* 102*
102* 102*
102* 102*
102* 102#
12,098,000
1,397,416
13,424,000 1,813,186
13,381.000 1,761,500
17,628,000 -1,700,851
102* 102* 102* 102* $82,914,000
102* 102* 102* 104* 114,984,000
102* 108* 102* 102*
.
United States
969
1.558.680
614,498
......
Lake West’n
St.
west. Shore. Union. Paul.
7..
3,217,279
1,789,704
-
North¬
6,700
8,714.521
4.403.615 ;
1,236.487 11,547,330 11 89537*
1877.
1878.
1877.
<
$85,131
Total sales of the week in leading stocks
17#
316 98 ■
322 48
257 46#
255 82#
100 16
700 80
892.06V
1878.
120
sales i
...
51.286
Month of Nov..
48,502
1,153.293
3,000,799
54,30 J
515,724
507,764 4,496,21?
261,178 3,150,477
112,294 1,8*0,453
324,449
149,340
498,276
308,995
622,107
5....
1,462.804
3/154,687
465,068
411,957
607,612
Chic. Mil. A St. Paul. 1st week of Jan. $116,000
Jan.
185,116
4S9,837
9,272,172
3,970,073
1,877,695
4,994,790
189.588
8,260
4,225
City
4,960,528
8,»*5U70
2,915,250
15,692
Sioux City&St.Paul. .Month of Nov..
49; 251
Southern Minnesota .Month of Nov.,
85,870
i'ol.Peoria & Warsaw.. Month of Dec...
90,687
Wabash
.....Month of Dec...
361.784
Union Pacific....*
Month of Nov.. 1,115,009
254,736
18,124,11ft
.
Total
week, and the range in prices since Jan. 1,
1877. were as fellows:
American
17,104
307,900
14,381
7,741
3,161
St Paul A S.
1,128.071
'•
(Ken.div.)..3d week of Dec..
(Tenmdiv.)..8d week of Dec..
The range of gold and
68#
77# 77#
98
96#
48# 48*
....
8t.L.<fcS.E’n(9tL.dlT.)8d week of Dec..
$2,436382,
resumption sure by the close of the year. Whether this is
hopeful view for tne street to take, remains to be seen.”
Silver in London is quoted to-day at 54d. per oz.
; ’
63
106# 101#
8# 8#
22# 22#
PhclfleXail...
si# et#
Panama.
112 114
Wabash, etock
Union Pacific. *64#
Weak Dm Tel.
76# 71#
Adams Exp...
96# M#
American Ex.
United States.
Wells, Parjro «
-
Jaa.
14# 16
|* J#
raa Cent
Quicksilver....
do
pret.
8.
102# 102# «10B
38#
“
37#
72#
36#
68# 61
«3#
100# 100#
w*
41# 49# 47#
48# 50#
«5
‘
.CemAH.R
lo a Miss...
Jan.
Ateh. Top. * 8. Fa...Month of Dec... <231,500
Atlantic A Gt. Weat..Month of Nov..
377,629
Bor. C. Rap. A North.Month of Dec...
129,554
Cairo A Si. Louis
2d week of Dec..
3,846
Central Pacific
Month of Dec.^. 1,347,000
Chicago A Alton.
Month of Dec... 344.784
ChiOUL&St. Paul...Month of Dec.. 669,000
Clev. Mt. Y. A D.,4ko..8d week of Dec..
6,860
Dakota Southern ....Month of Nov..
24,307
Denv. a Rio Grande.. .Month of Dec...
73,017
Grand Think.
W’kend. Dec.29.
167,019
Great Western
W’kend. Dec.28.
84,700
Hannibal A St. Jo... Month of Dec...
146,492
Illinois Cen. (Iil.line)..Month of Nov..
452,048
Indianan. Bl. A W...Month of Dec...
93,117
Int. & Gt. Northern...3d week of Nov.
41,089
Kansas Pacific
Month of Dec...
243,268
Michigan Central... Month of Dec... 49»,6S0
Missouri Pacific
Month of Dec...
317,949
Mo. Kansas A Texas..Month of Dec...
256.021
Mobile A Ohio ......Month of Nov..
252,786
Nashv.Chatt. A StL..Month of Nov..
368,781
New Jersey Midland..Month of Nov..
62,521
Pad. A Elizabethan. ..3d week of Dec..
8,2S2
Fad. A Memphis......Month of Dec...
19.432
Month of Nov..
Phila. A Erie
353,416
St Joseph & Western Month of Nov..
69,392
SlL. A.<fcT.H.(brchsj.Monthof Dec...
40,920
St. L. L Mt. A South.Month of Dec...
522.100
St L. K. C.A North’n. Month of Dec...
258,685
St. L. A 8. Francisco .Month of Dec...
108.542
imT
1877/
$204,447 $2,663328
298,813
90,488 1,249.831
4,282
223,364
1,424,317 16,784,3(9
374,351 4,483,558
610,288 8,116,460
6,570
876,201
191,867
17,297
41,415
781,265
140,008 9,417,074
59,388 3,95;i,584
132,117 2,014.867
429,614 4,661,535
113,656 1,207,662
50,537 1,293,804
216,927 8,279,710
474,008
321,214 3,854,251
296,466 8,174,320
284,590 1,675,623
147,193 1,586,144
65,981
634,234
1878.
*l,8iS923
*•#•••
1^60.888 ‘
1.800.928 4
8 87
4 74
3 90
Spanish Doubloons. 15 80
Dimes A half dimes.
—
Large silver, #s &#s
—
$/..... '
1,351.315 r
•••
90
_
<®
—
96- ® —
Five francs..*..^... — 90 ®—
Mexican dollars.
—92 <® —
English silver....
4 75 $ 4
...
Mexican Doubloons 15 50
Fine silver bars
116#®
117
Fine gold bars
par®#prem.
Prussian silv. thalers
Trade dollars.
97
97
98
94#
85
&: — 70
—
65
—
96#®
—
97#
RxcMmoge.—Foreign exchange has shown a drooping ten¬
dency, as bond importers have purchased but moderately, and the
supply of commercial bills from cotton, breadstoffa and, pro¬
visions is abundant.
This afternoon some leading drawers
reduced their rates to 4 814 for 60 days’sterling and 4*84£ for
demand, and on the street rates were, about 4 point lower.
In domestic bills the following were rates of exchange on
New York to-day at the undermentioned cities: Savannah, buyng 4 off, selling 4 oft; Cincinnati,.good demand, 50 discount,
selling 50 premium ; Charleston, stiff, 3-16@4 par ; New Orleans,
commercial 7-16, bank 5-16; St, Louis, 50 premium ; Chicago,
par, and Milwaukee, par. Foreign exchange quotations are :
Prime bankers’ sterling bills on London....
Good bankers’ and prime commercial......
Good commercial.
Documentary commercial
4.80#
4.79#
4.79
5.21 #
Paris (Danes)
Antwerp (francs)....
Swiss (francs).
Amsterdam (guilders)...,.................
Hamburg (reichmarks)
Frankfort (reichmarks)
5.42#
5.22#
89*
94#i
94#
94#
Bremen(retchipkarka)......
Berlin (reichmarks)........,
60 da;
4.81
..
..
*
94#®
•
1,745,016
are quotations in gold for various coins :
$4 84
.
1,483,864 :
-Jam 11.8 days. "
4.84 ®4.84#
4.88#®4.84
-i'i
"ir
Jahuut 12,
Vi' ■‘•y •/
THE CHRONICLE
187a]
Hew T«rk City Haiti.—The
following statement shows the
BOSTON,
condltlonof the Associated Banks of New York City for the week
endiag at the commencement of business on Jam 5,1878:
I-
Bakes
Capital.
Specie.
Disjoints.
NewYork
3,000,000
Ma.hattan Co... 2,080,0j0
Le;gal
den
Tenders.
1,5^,600
8,361.200
6.308.200
Net
826,200
689.100
690.400
Bid. Aik.
uouimis.
STATS AND CITY BONDS.
39,000
7,500
124,400
163,500
A*
Bid. Ask.
Pennsylvania 6s, coop-1910,.
Schuylkill Nav. 1st m. to, vi
do
PHILADELPHIA.
tion.
S
$
7.300.200
5.229.200
6.752.100
4.531.900
755,600
896.800
Circula¬
Deposits.
PHILADELPHIA,
sboubiteu.
JLVXBAGB 4.MCKJKT OF-
Loans and
3f
Penna. 5s, g’d, int.,reg. or
cp 101
do
5s, car,,reg
do
5s, new. reg., 1892-1902
106* 100*
do
«s, 10-15, reg., lvn-V2 1(2
105
do to, 15-25, reg., 1882-*92
110
111*
Philadelphia toroid, reg
105
107
do<s, new, reg.... 113
114
Allegheny County 5s, coup,. PI
93
do
ad
m.
m.
do
to,
Is, *95....f
58
* *60
Is. 1902
Imp., ’80.
8,000,000 8.818.700 1,452,400
do
Is, boat A ear, 1913
2,000,000 6.181.500
do
493,900
7», boat A car. If l5f
Susquehanna Is, coup.. 19i8 .*
1,200,000 4,295^00
596.800
355.100 2,994,000
165,000
America
8,000,000 7.793.100 1,391,200 1,012,400 6,147,600
1,100
Phoenix
BALTIMORE.
1,000,000 2,522,000
576,000
232,000 2,438,000
263,600
Maryland Is, defense, J.A J: loo
City
1,000,000 5.189.700 1,265,500
867,000 4.140.400
do
Is, exempt, 1687
Tradesmen’s
1,000,000 3,127,000
240.800
4s,coup., 1918....:
240,500 1.789.400
785,700 Pittsburg
I?, 1890, quarterly. ios
do
Pulton.
5s, reg. A cp., 1918
600,000 1.706.800
229,300
81
345.100 1.341.700
5s, quarterly.
do
Chemical
Is,gold.reg...
300,000 10.113.400
Baltimore Is, t$81. quarterly
895,900 2,696,000 10,8:8,660
do
ICO
7s,wVrln^rg.AcD
105
Merchants’ Exch. 1,000,000 8.153.100
do
106
Is, .881, liiwj.
249.600
485.900 2.462.200
<io 7s, str. imp., reg., *83-36
622,500
Gallatin National 1 ,{*>0,000 3.859.700
336.900
N.
ffi
344,000 1.929.200
Jersey
to,
exempt, rg.Acp
45,000
utchersds Drov.
Butchers’A
800,000 1,326,000
Camden County ts, coup
m
91,000
243,000 1,043,000
110
260,000 Camden
Me
techanics’,
600,000 1,550,000
6s, coupon
City
24,000
213,000
110
908,000
188,000
us
Greeni
reenWich..
do
200.000
7s, reg. A coup U2* 113*
770,700
201,300
783,900
2.700
Leather Mannftn.
11*H 113
600,000 2.446.200
Delaware6s,coupon.. .....
855.700
421,700 2.199.200
1902, J. A J...v
285,800
Harrisburg
City 6s, coupon.
Seventh Ward..,.
Norfolk water, 8s
800,000
969,100
102,100
185.200
914.800
86,500
BAILBOAD
STOCKS.
State of N. York.
BAILBOAD STOCKS. PlT,
600,000 1.893.700
852.500
175.600 1,755,000
45.000 Camden A Atlantic
Balt. A
American Kxch'e. 5,000,000 12,035,000 1,538,000 1,031,000
Ohlq^...
100 91
do
do
7,796,000
do
243,006
pref
Wash. Branch. 100
Commerce
5,000,000 13.977.900 1.422.700 1,199,000 ‘ 6.900.800 2.140.600 Catawisaa
do
Parkersb’g Br..50
Broadway...
do
1,000,000 3.510.700
98.300
pref
Northern Central
659.200 3.510.700
893.600
so
Mercantile
do
new pref
1,000,000 8.235.400
Western
244.600
466.400
S3*
2.989.100
Maryland..
50
122,509 Delaware A Bound Brook...
422,700 1.969.700
Central
63.300
Ohlo,pfd.
438,803 1.886.700
SO
East Pennsylvania
38
Pittsburg A Connellsvllle.. 90
1,800,000 3,300,000
526.600
142.400 1.972.100
Elmira A Williamsport.
450.666
BAILBOAD
BONDS.
450,000 2.950.900
415.200
302.600 2.794.400
do
do
Balt. A Ohio to,
398,000
pref..
40
1880, J.AJ....
People’s......... 412,800 1.307.500
9.200
140.900
1,08&00
6*400 Bar. P. Ml. Joy A Lancaster.
do
North America... 1,000,000 2.219.900
la,
1885,
A^kO.
N. W. Va.8d
188.600
Huntingdon A Broad Top:.,
859,000 1.904.900
m..guar.,’85rJAJ
Hanover
do
1,000,000 4.303.800
do
Pittab.A
310,280
pref.
508.200 3,573.000
447,400 L6btgh Vfcll6T
Cohnelmv.ls.VS^AJ
Irving....
600,000 1,986,(KX)
Northern Central to. vs, JAJ
23,200
618.600 2,109,000
72.900 Little Schuylkill....
do
42
Metropolitan
3,000,000 18,409,000 1,401.000 1,872,000 10,210,000
to.imA.AO.
2,250,000 lilnehlll
48
49
Citinens'..........
doto.gld, 1900, J.A
600,000 1.690.800
87.900
420.100 1.913.200 178.200 Nesquehoning Valley.
Cen. Ohio to. lstm^VOM.A J.]
Naesan
47*
8.
1,000.000 1.933.900
38.500
271.100 1,864,300
W. Md. Is. 1st m.,gr.,’90,J.AJ.
97
3.900 Norristown....
99
Market.
1,000,000 2.590.300
Northern Pacific, pref.
198,300
do
233,-900
12
1st
1.645.500
297.200 North
m.,1890, J.AJ...
St. Nicholas...... 1,000,000 2,015,700
113,400
do 2dm.,gnar.,J.A J...^
Pennsylvania
88
210,800
919,600
497;300
Shoe and Leather. 1,000,000
Pennsylvania
do
3.558.500
2d
314,800
535.400 2.918.500
m.,
pref
G9
321.100
Cora Exchange... 1,000,000
lelphla A Erie.
do 2dm.4tr.by W.Co.JAJ
2.986.800
884,600
440,000 l.Oil.SOO
4.700 Pnllsdeiphla A Reading
Continental
do
Is.
8dm.. guar., J.A J.
16*
1,250,000 2.978.300
59,800
462,000 1,901,000
778,900 Philadelphia A Trenton
Mar. A Cin. 7s, *92, F. k A
120
Oriental
800,000 1.232.500
25.400
225.000
1,063,000
Phlla.WUmlng.
A
do
Baltimore.
2d,M.AN
Marine...
400.000 2,011,000
133,000
Titusv. A Buff
338,000 1,926,000
do
273.666 Pittsburg
8s, 8d, J.AJ
Importers’ATrad. 1,500,000 14,906,500 1.195.700 3,287,700 16,063.500
United N. J. Companies
Union RR. 1st, guar., J. A J..
Parte...,
2,000,000 11,178,300 1,082,600 2,509,800 18.272.700 1.109.600 West Chester consol, pref....
do
Canion endorsed. 100*
540,OCO West Jersey
iosi
Mech. Bkg. Ass’n.
500,000
677,800
KISOXLLANXOUS.
12.700
150.200
556,700
302.200
Grocers’
CANAL
STOCKS.
Baltimore
Oas
800,000
.845,000
certificates...
2,100
172.100
788,200
North River
Chesapeake A Delaware
People’s Oas
16
401),000
935,000
17
18,000
133,000
621.800
Delaware Division
East River.
350,000
7,600
718,400
152.400
587,000
Lehigh
Navigation.
96,900
Manners’ & Mer.
18*
WASHINGTON.
100,000
484,200
4.700
Morns
124.600
District (\f Columbia.
497.500
Fourth National.. 3,750,000 13.575.400 1.328.800 1,499,600
do pref
Perm. Imp. Is, g.. J.AJ., 1891.
122* i&
11,050,100 1,048,666
Central National.. 2,000,000 7,034,000
do
Pennsylvania
164,000
7s, 1891.
1,270,000 5,785,000 1,473,000
Second National..
Market Stock bonds, 7s* 1892.
300,000 1,848,000
Schuylkill Navigation....
474,000 1,871,000
269,000
Ninth National... 1,500,000
do
Water
Stock
pref...
4.632.800
bonds, 7s, I90i..
318.200
987.600 8,962,000
713,000 Susquehanna
First National....
do
do:
500,000 6,281,200 1.206.800
7s, 1903..
587.100
6.555.700
BAILBOAD
450,000
Third National... 1,000,000
BONDS.
Washington.
5.936.400
978,100
960.200
6.181.800
774,000 Allegheny Val., 7 3-lOs, 1896...
Ten-year bonds, to, *78
N. Y. Nat. Exch..
107
800,000 1,065,600
14.500
Fund, loan (Cong.) to,
198,300
do
78, E. ext.,1910
717.500
Merchants’
Mechanics’
Union..
....
_
.....
_
„
..
....
.
.
.
--
.
...
u
•wren*!?
„
...
..
.
_
...
...
„
_
,
VT
•»••«*•••••
.
40*
•
...
„
.......
H*
..
S2*
&
...
,
JS*
...
.
268,400
Tenth National
Bowery National.
New York County
1,103',800
250,000
200,0u0
German American 1,000,000
*2,400
1,043,200
•
2,385,600
• «.f
•
238,000
TWSAOO
1,104,000
803.900
270,500
•
843,000
2,815,800
Total
224, i00
80,000
180,000
....
——.
....67,435,200 289,256,400 25,237,500 34,612,000 201,981,800
19,787,100
The deviations from returns of previous week
are as follows:
Loans.
Inc.
$82,?00 | Net Deposits
Inc.. $4,269,700
Specie.
Inc. 8,015,100 Circulation
’
....Inc..
129,300
Legal Tenders
Dec.
688,500 |
The following are the totals for a series
of weeks past:
Loans.
SpedA L. Tenders. Deposits. Circulation.
Agg. Clear.
S
$
$
$
$
$
July 7. 258,323,903 2«,259,300 53,447,000 231.223.600
July 14. 252,452,700 18.887.800 53,809,200 329,088,800 15.558.100 345,922.956
15.668.400
894,344.937
Aug. 4. 219.767.800 11.135.800 54.262.100 219.166.600
Aug. 11. 245.317.200 15,080,700 53,094.800 215.431.600 15.585.800 890,467,627
840,062,240
Aug. 18. 243.896.300 13.449.700 52,696,090 213.414.600 15.639.500
Aog.21. 244.899.600 14,250,000 50,788,000 218,026,800 15.545.900 844,757,974
15.516.500 420,915,000
Sept. 1.. 241,778,703 16,030,100 48,130,600
209,450,700 15.383.800 400,793,928
Sept. 8.. 243.920.800 19.961.600 45.303.900 210.574.100
Sept. 15. 243,795,000 19,913,000 44,045,900 208.582.400 15.568.400 397,270,385
8ept.22. 248,978,403 19.274.700 42.454.400 206.724.100 15.577.100 879,235,693
Sept. 29. 241,347,803 18,653,390 41,975,500 200,771,200 16,506, tOO 405,082,278
15.724.400 419,366; 185
Oct. 6... 238.470.900
16,551,;00
Oct. 13.. 218.229.600 17,0)0,*10 41,402,000 197.853.400 15.990.200 423,818,637
40.316.800 197.171.600 16,081,000
Oct 20,. 238.183.800 16,519,909
38,949,300 195.561.500 16,230,300 485,782,249
Oct 27.. 236.287.400 17.322.400
478,165,840
39.235.100 19 i,§43,700
Nov. 3
437,387,453
236.216.600 15,935,900 39.531.900 192.364.900 16,726,000
17.158.800 458.026,653
Nev. 10. 233.063,800 18.764.500 38.503.400
19.1,557,800 17.720.200 358,006,167
Nov. 17. 938.309.300 19.455.800
89.382.900 196.501.500 17.844.900 401,980,936
Nov. 24. 235.329.800 19.707.800
39,949. "00 196.284.900 18.10.500
Bee. 1.. 239.429.600
18,824,000 40.579.800 186.961.500 18,W0,300 417,104,418
Dec. 8.. 238.578.200 18,995,000
88,478,700 196.912.800 18.208,300 869,512,934
488,942,229
Dec. 15. 237,504,000 19.566.800
37.562.900
Dec. 22. 235,764^05 19.674.600 35,067,500 195.896,400 18,676,700 426,935,792
194.642.500
10,293,903
Dec. 29. 239.173.900 22.122.400
412,404,646
35,300,50)
Jan,5... 239.256.400 25.207.500 84,612,000 197.711.800 19,657,800 824,336,660
201.961.500 19,787,100 412,729,867
,
-
-
-
w
—
—
*
-
w
—
W
-
—
—
—»—-
—
'
.
—
* —
W
rn
—-
—
1
~
A
-
-
W
•
•
•
-WWW
m
m
w
do
Inc. 7b, end.. *94.
Belvldere Dele. 2d m. Is. *85..
do
3dm. Is, *87..
Camden AAmboy Is,coop,’83
do
to,couD.,*89
• do
mort.ls,’89.
Cam. A Atl. 1st m. 7s, g.,1933
do
2d m., 7s, cur., *80
Cam. A Burlington Co. to,*97.
CaUwissa lsi,7s,
cony., *82..
do ' chat. m« 10s, *88 ..
do
new 7s, 1900.
m
...
3%
94* *96
104
101
g., V2.
do
>902.
Certif s.of stek (1828) j
to pi.
do
(1843) to, at pi.
Ches.A O. st’k (’47) to, at pi...
Georgetown.
IMi
107
97
101
99
106
Connecting Is, 1900-1904......
106
General stock,8s, i88l....
do
to, at pleasure
Bounty stjock, Is
do
Market shock. Is
de
Board of Public Works—
Certifs. gen. imp. to, *77-78.
do
Series
Certifs.sewer, to, *74-77....
Dan. H.AWilks..lst,7s, ’37*.
Delaware
CINCINNATI.
Del. A Bound Br., 1st, 7a, 1905 97
Cincinnati6s
+
99
East Penn. 1st mort.7s, *88
102
E1.A W’msport, 1st m.,7i, *80. 102*
do
1*30s
..4
1st m.,5s,perp.
do
do
South. RR. raos.4
do
do
Harrisburg 1st mort. Is,m.. 103
to, gold.
H. A B. T. 1st m. 7s, gold, *90. 105
Hamilton
110
Co., O., to. long., .t
2d m. 7s, gold, *95. 101*
do
7s,lto5yrs..+
8dm. cons. 7s, *95*. 80
do
do
7 A 7*30s, long .|
IthacaA Athens 1st g
106
Cln. A Cov. Bridge sfk, pref.
junction 1st mort. ffi, to,,,...
Cln. Ham. A D. 1st m. 7s, *80.
2d mort.Is,HW0...
'do
do*
2dm. 7a,*85..
106
Cm.
106
Ham. A Ind.,7s, guar....
Lehigh Valley, Is, coup., 1898.
109*
cm. A Indiana tat m.7s...
do
Is, reg., 1891...
do
do
2d m.7s,*77...
7s, reg., 1910...
Colnm. A Xenia, lat m. 7s. *90
do con. m.,6i^rg.J928 95
Little Schuylkill, 1st m.
Dayton A Mich. 1st m. 7s, VI.
7^*2 . j..
do
North. Penn, lit m. 8s, cp.,TB. 106,
2d m. 7s, *84.
do
2d m. 7s,cp.. *96. U2* 118*
do
3d m. 7s, *88.
do gen. m. 7s, cp., 1903.
106
Dayton A West. lstmM *81...t
do gen. m. 7a, reg,, 1903 104* 105
do
1st m., 1906
do
Oil Creek lat m. 7a, coup.,’84.
88
lat m. fa, 1905
Ind.
Cm.
rlttsb. Tltuav. A B.,7s1cp..’96 55* 56
A Laf. tst m. 7a
do
a.A N.Y.C. A RR.
111* 112
(I.AC.) 1st m. 7s, *88
Little Miami to, *83
ennsylvanla, lat m., cp.,*80.. lOif
Cm. Ham. A Dayton stock...
do
gen. m. Is, cp., 1910. 106 107
do
Columbus A Xenia stock.....
gen. m. 6s, rg., 1910.
Ido
cons, m. 6i, rg., 1905. 92
Dayton A Michigan stock....
do
do
cons. m. Is, cp., 1905. V2
8. p.c. st’k, guar
Little Miami stock
Peririomen 1st m. to, coup..V? 73*
Phlla. A Erie 1st m. to, cpJ8i. 103
do
2d m 7s, cp., 98. 83* 99
LOUISVILLE.
Phlla. A Reading to, ’SO,
103*
Louisville 7s
...........t 100
...^.
' " ’ - 7s,
do
do
to,*82 to *87...
4
coup.,3g 1W*
do
deben., cp., 93
do
to, *97 to *98
£
do cons. m. is, cp.,l»li. 102” 102*
do
water to,*87 to V9
do cons. m. 7s, rjg.,1911.
102
de
SBOUBITIBB.
water stock Is,*97.
Bid. Ask.
;
8SOUBITIBS.
Bid. Ask.
57
do conv.78,1893-.....*
do
wharf Is
•40
00
PUlla.A Read. C. A L deb.7st92
do
speo’l taxis of *89.
BOSTON.
Vermont A Mam. 1st m., 6s,’SS
Phlla.
Balt.
Wllm.
A
>•••>'
Jeff.
MAListm. (1AM) 7b,'81
Maine Is..............
r
to/O*, —
stocks.
•-* *
65
Pitts. Cln. A St. Louis 7s,1900
do
New Hampshire It...
2dm.,7s.........
Boston A Alban]
ShsmokinV.A Potttv. 7s,1901
124*
do
1st ra..^7s, 1906.. .jt
Vermont Is....
Boston A Lowell «••••••••••
Steubenv. A Ind. 1st, to, 1884. 90*
Lonlsv.C.ALex. 1st m. 7s,*97.
Massachusetts 9s, gold
Boston A Maine:
ex past-due coupons
Boston to, currency
Steny Creek 1st in.is, iWT-.. 97
t 100
Boston A Providence
Louls.A Fr’k.,Louisv.m,6t,V>
Sunbory A Erie 1st m. 7s, *97..
.do 5s, gold.
Burlington A Mo. In Neb
UnitedN.
J.
cons.m.
Loulsv.
Aswasnvuie—
to,*94..
Nashville—
86*
Chicago sewerage 7a
Cheshire preferred
79
Warren A F. 1st m. 7s, *95
Leb.Br•.to, VI.....
t
Cm. Banduaky A Clev
107% 108
West Chester cons. TS, Vu.... 118
1st m.Leb
*b. Br. Ex.,7s,’80-S5.t
Concord.*
•••«••• »***o*«••••
West Jersey to, deb,, coup.,*88
72
Lou. In.
Atch. A Tcpeka 1st m.7a
do v: to, *93.. .t
Connecticut River
do
1st m. Is, cp., vi.
Consol. lstm.7s> *98
do
land grant 7s
Conn. A Passumpslc
100
do i
Jefferson Mad. A rad.1
1stm.7s.*»T.....
do
2d la,...
Eastern (Mass.'
Western
Penn.
HR.
Louisville
A Nashville.
1893...
do
to,
land Inc. 13a.
Eastern (New 1
80
do to P. B..V6.
Louisville Water to, Co. 19071
Bostonw Albany 7«
U5* Fitchburg
Wllm. A Read.
117*
1stm.7«ji900*
Manchester A Lawrence....
do
3dm., 1902*...
$
ST. LOUIS.
Lowell
7s...
Nashua A Lowell
•
CANAL BONDS.
Boston.* Mrtnem
St. Louis to, loug
lid HO* New York A New England...
102*
Chesan. A Dela 6s, reg., ’81.. 73
Bark A Mo., land grant 7a...
do
watorto;gold
106Northern of New Hampshire
Delaware Division Is, cp.,*i8.
do
do,.
do new.'
Norwich A Worcester i;.;.. X123 1
do1
Lehigh Navhfation Is, reg.,*84 104
bridge appr.,g. Is
10*
Ogdenso. AL.Champlain ... 38
•
•v do
do
RR^ rg^*9J' 102*
renewal, gold, to.
OS
do
do
102
pref..
105
do
'
uo4
deb.,rg.,
77
sewer, g. to, *9;-2-8.'
Old Colony..
96
de
St. Lonls Co. sew parkvg.ls.tr
Ogdensburg ALake Ch.8i.. 11*
conv.,rg.
*82
Portland Saco A Portsmouth
uo
do
c*r.7e
eonv.,g.,rg.,’W
xtaciand, common........
do
St. LA San 7. RR.bds, ser’s A 50
gold, V7...
A do
preferred
do co«s.m.7$,rg.,l9l
do
do
do B
Verment A Canada
do
do
Merris, boat loan, reg., i885.
do C
Vermont A MassacbaseMs
■•moat a Canada, new 8s
Worcester A Nashua
•
In default of Interest.
t And Interest.
mort^, 6a, various..
..
djjs.,’90
m
...
.
I
is, *9ffl906
-
10£*
..
i re
POTATIONS IN Bil8T0N, ?HlLiDELP0[i AND OTHRK CITIES.
$
!gV*
• • •
!
a
•
ipsiiirej”!
furtonA
_
J2
•
•
,
•
•'
•
fitftHfe::: S»
*.»
• •
•
*
• • «
.
BBWtffleasi.-:
RiSs1d^?rrport7t**
‘
...
1#3*
QUOTATIONS OF STOCKS AND
BaUroad Stocks are quoted on a previous page.
XT. 8. active Bonds and
Bid. Ask.
uonsmiB.
Jhlcago A Alton 1st
State Bonds.
Alabama 5«, 1883. .....
do
5a, 1886
8a. 1806...—
do
do
8a, 1888.
39
....
39*
39*
.ee-
•
eee
•
5
20
26
do
do
«•••
.
...
.
...
5
5
5
5
,
•
•
• e e
....
do
do
.
• •
•
•
111*
consol, m. 7s 109* 110
5s sink’g f’d. A.AO. 90
do
do
.
.
70
do
do
do Ex A
ex coupon
do
.
s
2d mort., ’j
.
Nor.,’U,con
.
'
>*
76
68
t
....
i
99*
79*1
67*
i.
bds., 8s, 4th series
do
...
:
• e
•
•
old......
7s, go
M.
g.end.
fa,
20
56
53
con.
1st consol
con. cony.....
K3* 84*
.
.
convert,
do Ex. Nov.,’18,A prei
Great Western, 1st in., 188!
m.gld. 7 3-10-
91
77
r.
do
do
ao
—
• e
•
....
7a, Ark. Cent. RR...
105
Connecticut 6a...;...
i()4k
North. Pac. 1st
.102
68
76
iol. A Wabash, ex coupon
do
do
do
*<t raort
do Ex A Nov.,’77, c
Bid. Al«.
sxorraiTiBs.
Bid. Ask.
SBOUBITIKS.
..
Chic., Rk. Isl. A Pac. 108k
do
8. F. Inc. 6s, ’95
do
6s, 1917, coupon, 106* 106*
do
6s. 1917, reglst’d
Central of N. J., 1st mM new...
26*
Js.L.R.TP.B.&N.O
7a. Miaa. O. A R. R-
Ask.
Ill** 111k
mort
Income. ....
Joliet A Chicago, 1st m
La. A Mo., 1st m., guar
St.L.Jack.A Chic.,1st m
Chic. Bur. A Q.8 p. c„ 1st m...
do
....
W4
do
Ss.M.AE.RR,.
do
8s. Ala. A Ch. R.
do
8a of 1892 ..
do
8a of 1893...
Arkansas 6a, funded.....
•do 7s. L. K. & Ft. 8. las
■do 7a Memphis A L.R.
Bid.
sxorarriss.
BONDS IN NEW YORK.
Prices represent the per cent value, whatever the par may be,
—
’
do
do
do
[VOL. XXVI.
THE j CHRONICLE
38
"75
..
85
F., 2d m., class A.
class B.
do
do
class C.
South Pacific Railroad,1st m
t. L. A So’eastern 1st 7s, gold,
t.LouisVandallaAT. H. 1st.
do
2d, guar
t. L. A San
do
do
coupon.
Lehigh A Wilkes B.con.guar
a
Am. Dock A Improve, bonds
101*
a
Georgians............
106
Ch. MU. A St. P. ist m. 8s, P.D.
1(5
107
do1 7a, new bonda....
2d m. 7 3-10, do 102
105*
104*
do
103*
7a, endorsed. .
do
do
reg...
1st 7s, gd., K.D
do
sink. fund...
do
7a, gold bonds.
1st 7s £
do
101*
RUscellaneoas List.
103
Illinois 6a, coupon, 1879.
1st m., La C. D. 104
Quotations.)
(Brokers'
do
war loan
98*
lstm., I.A M.D. 96
CITIES.
do
7s, 1st.
Kentucky 6a
lBtm.,1. A D.. 91*
112
105
55
1st •* A’ 6s, g..
Albany, N. Y., 6s, long
Louisiana 6s
1st m., H. A D. 91*
114
55
j 7s, g,
t no
Buffalo Water, long.
do
6s, new
1st m., C. A M.. 10lS io2
103
55
Union
A
Logansport7s. ......
f
101
Chicago
6s,
long
dates
1
•do
6a, floating d"
92
consol, sink, fd
19
55
Union Pacific, 8o. branch, 6s,g
do
... f 107
7s, sewerage
7s, Penitent!
do
94
2d m
55
t 107* 108
West Wisconsin 7s, gold
do
7s, water
do
6a,levee ....
i*ia
110k
Chic.
N.
Western
sink.
fund.
A
65
Wisconsin Coat., 1st, 7a
do
7s, river improvem’t t 107
do
8a, do
107
+
dD
do
int.
bonds,
55
Cleveland 7?, long
107*
do
8s, do 1873 .
108*
do
do
consol,
bds
22*
112*
t
110
Detroit
Water
Works
7s
do
8s, of 1910..
Southern Securities.
do
do
ext’n bds..
90
t
Elizabeth City, 1880-95
Istmort... 108* 109
90
do
do
79
(Brokers' Quotations.)
do
1885-98
t
0
7a, small
98*
do
do
cp.gld.bds. 92*
107
STATES.
100
ioi*
104
Hartford 6s, various...
92
Michigan 6s, 1873-79
40
do
do
*
reg. do
no
105
llabama
new consols, Class A
105
6a, 1883
ioo
*k>
Indianapolis
7-SOs
95
Iowa Midland, 1st mort. 8s... ...
do
do
Class £ 68
Long Island City
do
7a, 1890.^. ..
Galena A Chicago Extended. 107*
111
do
do
Class l 46
ioo 101
Newark City 7s long. ... .... 109
Missouri 6a, due 1878-.
97
116
Peninsula lat mort..conv... JOB
do
Water
112*
102*
is,
long...
188201
do
do
55
105
Chic. A Milwaukee, 1st mort 105* 107*
104
Oswego 7s
87
100
111
Winona A St. Peters, 1st m...
109
104* 104*
80
Poughkeepsie Water
2d mort.
do
do 7s, gold, 1892-1910. J.AJ. 110*
104* 104*
111* ns*
Rochester C. Water bds., 1
ioV*
111*
C. C. C. A Ind’s 1st m. 7s, S. F..
109
do 7s, gold. 1904 ...J.AJ ..t
no?*
104*
Toledo 8s.
do
consol, m. bonds
do 10s, pension, 1894.. J.AJ. 104*
102
Toledo 1-30s
ioe
Asylum or Un.,due 1892 106* iio
109
Del. Lack. A Western, 2d m...
107
i
Yonkers Water, due 1933..
80
Funding, due 1894-6...
do
do
7s, conv.
CITIES.
RAILROADS.
HanTS 8t. Jos., due 1886 ii* 104*
iis'k
Morris A Essex, lat. m
Atlanta. Ga., 48.................
do 1837 104
do
106
'do
2d mort
40
8s...
; '&*
do
Mow York Statedo
bonda, 1900.... 75
n 100* 102
do
waterworks
da, Canal Loan, 1878
do
construction, 73
59*
6 58*
Augusta, Ga., Ts, bonds
95
«S, gold, reg....1887
do
7s, of 1871...
Charleston
stock
6a
t 109*
da, do coup.. 1887
do
1st con. guar.
112
109
Charleston. S.C., 7s, F.L. bds.
do loan...1883
96
97
112
Del. A Hudson Canal, lat m.,’84
109
do
1891
4th 8.
Columbia, S. C., 6s
da
do
do
1891 «5* 96*
ao
do
1892
Columbus, Ga.,7s,bonds..
f|109 112
ia, do
93*
do
do
1891
coup.
7s,
112
do
.1898
t 109
LvnchburgSs
94
68
do
do
reg. i, 1894
Macon bonds, 7s
66*
108
Worth Carolina—
92
15
Albany A Suaq. 1st bonda...
18*
b7
Memphis bonda C
4a, old. J. * J;.
93*
do
2d
do
75
18*
do
bonds A A B
do
f. 72
do ;
A. A Ov.........
do
Sd
do
61
70
do
60
end., M. A C. RR ...
!&nada Southern,
W.C. RR
?
do lat eons. »ua«*
o***‘ 70
60
do reg...
Mobile!* (coups, on).....,
59*
do
do
..A.& O....
HO
Rena. A Saratoga, lat coup,
50
>
8a
58
Deb. certs
do coup, off, J. A J..
(coups, on)
do
1st replac’d. 111*
50
>
r. 100
6a, funded
do
do off, A. A O
HI*
Si
12
10
Erie, 1st mort., extended
l. 38
Montgomery 8s
Funding act, 1866.......
do
do
endowed****#*#
9
H*
8
6
ihville 6s, old
1868.......
do
106
do
2d mort., 7a, 1879
10
7
+101
do
6a,new..........
Hew bonds, J. & J.....
107
Keokuk A St. Paul 8a
do
3d
do
7a,
1883
9
7
101*
Orleans prem. 5a....
New
do
A. A O....
t 100*
105
Carthage
A
Bur.
8s
....
do
104
4th do
7s, 1880.
2
do
consol. 6s..v
■f
103
Dixon
Peoria
A
Han.
8s.
103
Special tax, Class 1
do
5th do
7s, 1888
111
2
do
■ railroad, 6s..
do
Class 2
t no
O. O. A Fox R. Valley 8s
do
no
g’d
bds..
7s,
cons.,
mort.,
2
do
wharf lmp’ta, 7-30
*2*
do
Class 8
Jt 109*
do Long Dock bonds
104
Norfolk «a
109* 110
Unofs Grand Trunk....
...
N. Y. A E, 1st. m., 1916... 106* 1
22
Buff.
20
Petersburg
6s
do 6a. 1886.
Chic. Dub. A Minn. 8s
t>7
Han. A St. Jo., 8s, conv. mort.
do
8s
100*
Peoria A Hannibal R.
Rhode Island6s..
Ullnol8 Central—
Richmond 6s.
T
South Carolina—
Chicago A Iowa R. 8s8a.
Dubuque
A
Sioux
City,1st
m.
Savennah 7s, old.
Is
1100*
American Central 8s.....
do
do
2d div. 103
do
20
7s, new
Jan. A July.
Chicago Clinton A Dub. 8s..
Cedar F. A Minn., 1st mort..
22
B.
16
Wllm’ton, N.C., 6s, gold \ coup
Chic. A Can. South 1st m. g.
April A Oct
3
Indianap. Bl. A W„ 1st mort...
35
do
1*
8s, gold) on.
Funding act, 1866
Ch. D. A V., I. dlv., lstm. g. s.
do
do
2d mort...
40
Land C., 1389, J. A J....
Chic. Danv. A Vincen’s 7s, i d 45
Lake
Shore40
RAILROADS.
Land C., 1889, A. A O...
111
Chic A Mich. L. Sh. 1st 8s,1 K ’-175
Mich S. A N.Ind., 8.F., 7 p.c.
32
93
...
Ala. A Chatt. 1st ra. 8s, end....
76Of 1888
..
109* Chic. A 8’thwestern 7s, gm
Cleve. A Tol. sinking fund..
75
2
70
Non-fundable bonds ..
chatt.
Cln. Lafayette A Chic., 1st i
Ala. A
Kec’ver’s Cert’s.
do ■
new bonds....
103
35 W 35*
1. 100
Tennessee 6a, old
Atlantic A Gulf, consol
Cleve. P’ville A Ash., old bdB
34*
i.
99
do
end. Savan’h.
do
6a, new
109*
do
do
new bds
34*
90
do
do
stock.........
6a, new series.
Buffalo A Erie, new bonda... 198*1
57
do
do
55
guar...
100
Buffalo A State Line 7a
25
30
«4
Carolina Central 1st m. 6s, g...
88
Kalamazoo A W. Pigeon, 1st
23
30
r. 20
Central
Georgia consol, m. 7s.
Det. Mon. A Tol..1st 7a, 1906.
55
30
43
r.
do
stock
109
Denver Pac., 1st m.7s, Id
108
6a,
do
1867..
Lake Shore Dlv. bonds
51
Denver A Rio Grande 7s, goicl *47
Charlotte Col. A A. 1st M. 7s..
da,consol, bonds....
109*
109*
do *
Cons. coup.. 1st.
£6
Be
do
do
stock.....
Des Moines A Ft. Dodge 1st 7i
6a, ex matured coup.
do
Cons, reg., 1st.. 109
'40
’t 70
Cheraw A Darlington 8s
Detroit A Bar City 8a, end... *t
4a, consol., 3d series..
Cons, coup., 2d.. 9 :* 93
do
20
15
Dutchess
Columbia
7s.
A
A
EastTenn.
Georgia
6s.......
6a, deferred bonds.. .
do
Cons, reg., 2d....
J£*
76
»7 i00* East Tenn. A Ya. 6a end. Tenn
Erie A Pittsburgh 1st 7a. ...
*85
90
Marietta A Cln. 1st mort
86
do
80
con. m.,1
E. Tenn. Ya. A Ga. lat m. 7a...
106
Mich. Cent., consol. 7s, 1902....
78
UU
n^iobcici
75*
do
do
do
7s, ©quit
stock
do
lstm.8a. i882,s.f.
103
!.
ioo
Evansville A Crawfordsv.,
Railroad Stocks.
Georgia RR. 7s
do
equipment bonda.
50
40
stock.
do
tw Jersey Souttarn lat m. 7s
66
t. *60
Greenville A Col. 7a, 1st mort.
do
consol. 7a
do
82
38*
:. *80
do
7s. guar
16
ioe*
N.
Y.
Central
6e,
1883
53
J9 47
85
Macon A Augusta boids
104
do
68, 1887
97
93
1.
92.
endorsed.
do
2d
Chicago A Alton
,77^ 78*
do
6a, real estate... 108*
80
82
3.
do
stock
do
100*
pref
do
6a, subscription, Itg*
50
40
1.
88* 37*
ISO
Memphis A Charleston 1st 7s..
do A Hudson, lat m.t coup 118
do
i
2d 7s...
76
t88* 87
Cleve. A Pittsburg, guar..
U8*
do
*
do
lstm.,rer
68
do
stock..
f. ee • •
110
3*
3*
Col. Chic. A I- Cent.
iio*
Hudson R. 7a, 2d m.\ s.i., l—
w
83
Memphis A Little Bock 1st m.
Hons. A Texas C. 1st 7s. go!
•#■*'
Dubuque A Sioux City.
Harlem, lat mort. 7a,coup... 119*
65
21
63
23
116
do
?
consol.'bd
Brie pref.......... ... ■ •<
Mississippi Central 1st m 7s...
do
do
7s. reg
69
do
2d m. 5s
10«* Indlanapoll A 8L Louis ilsl Is 60
North Missouri, lat mort
70 J 75
Mont. A Eufauls 1st 8s, g., end
7s,
Indlanap.
Vlnoen.
|
A
1st
Ohio A Mias., consol, sink. fd.
70
66
Mobile A Ohio sterling At. ...
International iTaxa*} Ist g!
do
consolidated....
25
do ex cert. <s
do
Int. H. A G. N. cony. 8s.....
do
2d do
88
t«o
do
8s, Interest.....
Iowa Falls A Sioux C. 1st 7i
t**
do
lat Spring, dlv..
Jackson Lans. A Sag. 8s,1st n t92* 94
i* Pacific Railroads—
do - _2dmort.8s
60
92* 08
N. Orleans A Jacks. 1st m.8s.
Hal. Allegan. A G. B. 8s, gr
104* 105
Central
Pacifio
gold
bonda
66
t50
153
184 '
A
H.
8s,
85
Kalamazoo
South
Certificate,
2d mortg. 8a.....
gr.
85*
do San Joaquin branch
100
192
Nashville Chat. A St.L.7s....
84
do Cal. A Oregon lat
S3
I9 £0
91
Nashville A Decatur, 1st 7s....
do State Aid bonds
60
» 56
de
Norfolk A Petersburg 1st m.8s
special
do Land Grant bonds..
15
« 11
do 7s
do
Beaaaelaer A Saratoga. .
Western Pacific bonds. ...
\
72
do
2d m. 8s
Rome Watertown A Og.
Union Pacific, 1st mort. b’d*
i. 94
Northeastern, S. Cm 1st m. 8s..
Bt.LOuls Alton A T. H...
do
Land grants, 7a.
40
do
2d m. 8s..
16
28
prel
do
do
do
Slaking fund...
10
8
do Incomes, No. li •*
BellerllleA So. ni.,prel
Orsnge
A Alexandria, lsts, 8s
Pacific R. of Mom 1st mort.
^ do
2ds,6s..
8*
’do
do
No.16..
do
2d mort....,
r1....
do
do
8tock
Bds,8s...
do
Income, 7s..
40
Haute A
do
4ths,8s..
Keokuk A Des Moines ist 7i
lstCarontB
do
60
ts
45
d». J.R
Rlchm’d
A
Petersb’g
121
do
1st in. 7a.
funded Int.
122* Penn. RRr—
18
*12
Rich.
80
Fre’ksb’g
A
Poto.
8s,....
Lake Sup. A Miss. 1st 7s, go
Pitts. Ft. W. A Chic., lstm:. 117*
25
do
do mort. 7s
23
Lear. Law. A Gal. 1st m., 10
do
do
2dm.. 109
Bleh. A Danv. 1st consol. 6e...
Logans. Craw. A 8. W. 8s, g U
do
do
Sd m.. 102
*93
90
Southwest RR., Ga ,eonv.7s,'88
15
25
Long Island RRm 1st mort.
Cleve. A Pitta., consol., »j.. 110
101
1.
100
8. Carolina BR. 1st m. 7s
10
100
106
Loulav. A Nashv. cons. m.
do
4th mort
85
fe3
do
7s, 1902
do
2d
m..
7s.
]
American* Coal.
Col. Chic. A Ind. C., 1st mort
95
7s, non mort..
/ do
25
28
Michigan Air Line 8s, 1890.. t ....
do
do
2d mort
45
80
do
stock
Montclair A G. L.lat 7s. ee • a • •
3
Rome Watert’n A Og., con. 1st
7
4
Savannah A Char. 1st M. 7s....
do
do 2d m. is
3
do
110
St. L. A Iron Mountain, 1st m.
45
6
44
Charleston
Savan’h
A
8s, end
vwnrwra vwu 0 uuh.
do
2d ™do
s
West Alabama 2d m.8s, guar.,
do
3d m. income.
Maryland Coal....
St-L. Alton AT. H.do
m.
24
1st
8s..*.....
26*
Midi
feansytvanla Coal........ 150 153
Alton A T. H- 1st mort...
9
!■#•••••
do
SpnagMountain Coal.,..
do
2d mort.,pref..
75
72
PAST DUE COUPONS.
Ontario Sllrer Mining... xso ’»)*
70
do
2d mort. lnc’me
7
6
N.Y.AOsw. Mid. 1st....
Tennessee State coupons...*,.
Belleville
A
8.11LR.
m.
1st
8s
f
Railroad Bonds.
.do *
V r ■* M 7s, 1893.
South Carolina consol
Tol. Peoria A Warsaw, E. D...
(Stock KxcJtanue Prices.
84
) *27
Virginia coupons.......
" do
W. D..
do
11* 12*
Boston H. A Erie, 1st m.
26
) 22
do
do 'oonsoi.coap,.......,.
do
do
do Bor. Dir.
1 do
-w: guar. ..
fc4*
Memphis City Coupons ...
do
do 2d mort..
Nw.C. BA North., 1st 5s., 66*
t And accrued fntsreatr
do consol. 78
25
do
26*
Ohm. A Ohio 6s, 1st m..
"
•
Price uTfc'Jau
Price nominal; *
ex
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•
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12,1878.]
;
>■;;
January
39
Payments for interest
Adjustment of balances...
Jnuestmewts
AND
only
as
a
subscribers.
Supplement” is published on the last Saturday
sufficient number is printed to supply regular
ANNUAL
REPORTS.
1877:
Net
$433,410
820,612
;
on
hand....
earnings above operating
expenses.
expenses 49 03 per cent of gross
Gross earnings previous year were
Operating
Opening expenses previous
$212,763
earnings.
*
year were....
....
...
....
Net gamings
*
Operating expenses 48*43 per cent of gross earnings.
$469,272
227,478
$241,798
The above figures show a decrease in gross earnings of $35,831
and a decrease in net receipts of $29,030, while our expenses com¬
pared with previous year were less by $6,801.
While our through passenger receipts have increased $1,487
over: previous year, our local passenger travel has fallen off
$16,934, and our freight receipts $19,963. This great falling off
in local freight and passage can only be accounted for by the
exceedingly small cotton crop along our line last year.
^
Our funded debt last year was
Oar landed debt now is
$6,178,074
2,151,714
Decrease
Onr floating
Oar floating
$18,860
t.
debt last year was
debt this year is
Year.
Receipts,
1870... ....$1,097,019
1371
1,2(5,631
1873
1873
1374
1373
1,293,969
1876.
1877
1,115,007
1,126,361
1,420,314
1,295,917
1,182,913
76,198
$25,922
which is still further decreased
other assets, $70,875.
At
by cash
on
hand, $15,991, and
meeting of onr stockholders held on the 30th of July last,
satisfactory plan was adopted, by which we propose to
consolidate our entire fnnded debt by the issue; of new bonds
having twenty-five years to run. Onr first mortgage bonds
matured April 1,1876, and hence it was necessary that some fair
and equitable plan should be adopted to retire them. To that
end the plan above stated was adopted, and is so
clearly bene¬
ficial to the holders of our obligations and the company that it
has been accepted readily by all parties, and will be no doubt
a
most
$1W,8€T
.
INCOME AND EXPENSE ACCOUNT PBOM
1870
TO
Operat’g ex- AccumulaRate
pens., rental
tion of
Net per ct.
and interest, sink.fund profits, net
.
$887,569
’ 992,749
$21,800
1,10^,389
1,200,912
87,557
44,627
1,107,575
1,317,266
8,923
11,801
1,011,168
1,028,961
12,883
11,407
$231,250
237,712
518,137
264,029
198,265
24.731
86,722
' 108,807
BALANCE SHEET—SEPTEMBER
8
8
8
8
7
..
..
1877.
Surplus Deflc’cr
of the
of the-
ye*r.
year.
‘
$54,0:0
59,692
89,417
54,109
0,78*
....
122>4N
86,722
108,807
....
30, 1877.
$4,562.98&
417,6699
Leased equipment of Salem A Lowell and Lowell A Lawrence Rail¬
roads...
;
Real estate in E&8t Cambridge
Mystic River wharf..
51,96*
110.549-
380,181
107,i2<y»
129,857“
Material account
Boston A Lowell and Nashua A LoweU Railroads
Trustees Lowell A Lawrence and 8alem A Lowell Railroad stock...
Nashua A Lowell Railroad
Cash
.
Sinking fund
845,674
2$.855-
711756.
184,804
6,450
......
Insurance fund
Trustee of sinking lund for redemption of Ogdenshnrg A Lake
Champlain Railroad and Northern Transportation Company bonds
--
7,884,
Or.
$6,389,8t4
Capital stock
$3,250,000
Bonds of 1831...,
Bonds of 1872...
Bonds of 1875
Bonds of 18*6
Notes payable....
Lowell A Lawrence Railroad
Salem A Lowell Railroad
Unpaid coupons
Coupons due October 1,1877
Profit and loss
200,000
999,500
£00,0(0
425,000
407,000
19,5(0
63,027
*.
?
7,457"
40,932:
491,775
$101,120
Decrease
a
«4,9flr
.$1,088,968
Mississippi & Tennessee Railroad.
(For the year ending September 30, 1877.)
TREASURER’S
The annual report to the stockholders shows the following Dr.
Construction
operations of the road for the fiscal year ending September 30, Equipment
The gross earnings from all sources were
Operating expenses less excess of material
1 «,«
• • « t
Net income for the year
of each month, and furnished to all regular subscribers of the
Chronicle. No single copies of the Supplement are sold at the
office,
• • • •
Total expenses
STATE, CITY AND CORPORATION FINANCES.
The “ Investors'
1 • •
.
$6,399,224
The report says of the financial condition of the
company
“The condition of your property, as well as the financial exhibit of the corporation, presents a gratifying
result; and the directorsare able to announce
resumption by the payment of a small divtdend
($10 per share) on the .first of/January, 1878.
The great depreciation which is constantly
taking
wear and decay, though the items charged for
repairs
“
place, by
may seen*
sufficiently large to make good, proves conclusively that rail¬
are not unlike other
large corporate organizations, of which
the experience of the past has developed the unmistakable fact
that to declare dividends from a previously-earned'
surplus, or
even to divide the whole of-what is termed net
earnings for tho
time being, does not exhibit a healthy financial condition.
consummated in the next few months. This will reduce our
With a conservative view of closing all/* Repair and
Equip¬
funded debt to $2,100,000, and place it in a much more satisfac¬ ment Accounts,” and
yet maintaining the property in the best
tory' shape than at present, and will also furnish us with the operative condition, your directors believe it will he wise to limit
means to connect onr line with the other roads
terminating in the division of earnings for a short period, when it is hoped, with
•the city, and also with the riter.
a more
prosperous revival of business, they can be increased Uy
those of former years.”
BALANCE SHEET FOB 1876-7, B1PT. 30, 1877.
„
roads
“
Da.
Constmction
$2,011,196
.
Equipment
Reconstruction and equipment.
,
759,624
on
Salaries.......
5,958
220,672
1,438
1,184
Road expenses
Expenses
Funding expenses
Attorney's fees...;
Mississippi State
8,605
6,585
...<
tax
Insurance
869
.
ASSETS.
•
Bills receivable............
Material on hand
.......................
$8,267
....
29,706
Cash.
Bank account
15,991
16,015
..$1,887
Ledger balances.
*£--<
PROMT AND LOSS.
Profit and loss
$59,179
Total
;;;
Cb.
\
Capital stock«................
Funded debt
«.^.■.•
capital.
............................... •.,.....
..............«......................,.......
Float!ng debt.,4.........................«.........
RECEIPTS.
...
Total........
r
.
"
Tennessee bonds, Ac., hot
on
city on the 31st December, 1877,.
$43,854,444. Add to this the loans authorized during the
408,126
year, bat not yet negotiated, amounting to $4,494,000, and we
have a total of liabilities amounting to $47,848,444. The amount
of debt paid during the year 1877 was $2,355,707, and the amount
funded was $652,000. The sinking funds and bonds pledged fer
the payment of the debt amount to $16,498,979.
The net debt
86,867 of the city, therefore, at the beginning of the present year
amounted to $26,855,464. If we compare the funded debt at tkw
50,179 end of 1876 with the funded debt at the end of 1877, there
appears to be a decrease during the year of $1,703,707; but if wo
$3,504,828 add the loans authorized by the last City Council, and not
yet
negotiated, there is an actual increase of $2,790,292. The act of
$825,400 the
Legislature to regulate and limit municipal indebtedness,
2,154,714
/ >75,a98
passed in 1875, provided that cities and towns should not become
* *
....................
6,610
2,888
438,440
16,075
..
,
16,075
$3,504,828
/ Boston & Lowrell Railroad.
{Far the year ending September 80, 1877.)
v; vtfhe report for 1876-7 has the following:
thw
The total funded debt of the
810,281
■
message contains
was
$.648
.«*•.'.«
privileges....
City Finances.—The Mayor's
following:
indebted to
Fropaexpress freight
^5 •
Boston
$110,671
From mails..*.
From discount
January term of the Court.
■>
From freight..
From
*.......
Chattanooga.—Baron Erlanger, of Frankfort,,
representing the purchasers of this road at the last sale, haw
asked for an extension of time for the payment of the balance of
the bid, $190,000. An extension has been granted until the
981
18.497
Tennessee bonds
V" ;
as
$142,888
NEWS.
Alabama &
INTEREST AND EXPENSES.
Coupon interest
Interest
Interest
GENERAL INVESTMENT
185,832
.
Theigrofs revenue from operating the road and Us connections was $1,126,861
Accumulation of sinkingandinsorancefunds
11,407
an
amount—exclusive of loans for water
supply-—
exceeding in the aggregate three per centum on the valuation of
the taxable property therein, to ,be ascertained by the last pre¬
ceding valuation for the assessment of taxes.! But the set also
provided that, when it took effect, any City or town indebted to
an amount not lest than two per centum on its val nation
might
its indebtedness to the extent of an additional one per
its valuation. " It appears that this city was indebted
more than two per centum on its valuation.
May 1,1875, and that
lit was authorized to increase its indebtedness one per centum on
that amount.
The amount which the city may increase Ra
indebtedness under this danse is, at this date, $2,233,618.
dcrease
centum
on
.-.*2
■
V- VV-
V '
'
The
extent
to
which
property has depreciated during /this
Total receipts../......i........... ti
...$1,137,769 financi 1 crisis cannot, of
Tbe expenses of
course, be accurately measured^ hot
working, including taxes end hitnrance, were.«... $789,762
Payments for rents...
28,803 some idea" of it may be gained from the statement, that in ihw
•
TAXATION*
.
^
SHE CHRONICLE.
,40
.
[Vql, XXVI.
Jnion Trust Company, trustee?, having been adjusted on a basis
past three years the valuation of real and personal property in
satisfactory
to the respective companies, all suits are dismissed
this city, for the purposes of taxation, has been reduced nearly
and every obstacle removed which has stood in the way of the
one hundred and twelve millions of dollars, although in the
meantime many new buildings have been erected.
Whether most cordial business relations between the two railway
there is to be a still further redaction depends somewhat on the companies.
Joliet & Northern Indiana.—The Joliet & Northern Indiana
permanency of the improvement now visible in business circles.
lailroad Company proposes to issue in place of its past due 8 per
No class of property has been more unfavorably affected daring
the past year than real estate, especially unimproved vacant cent bonds a new 7 per cent mortgage, guaranteed, principal and
land. Experience has shown that this class of property is the
ntereBt, by the Michigan Central Railroad, and invites holders to
last to be affected by a fall in prices, and that it recovers more make the exchange. The interest due on the 10th inst. will be
slowly than any other as prices advance. It appears that more >aid by the Michigan Central o**ly on such bonds as are offered
'or exchange; the holders of others will await the issue of the
than three-fourths of the entire reduction in the Assessors’ valua¬
tion since 1873 falls on real estate daring the past two years. suit in the Supreme Court of the United States.
This cannot be taken, however, as a true indication of the fall in
Lehigh & Wilkesbarre Coal.—An adjourned meeting of the
prices, as the Assessors held to their old valuations of real prop¬ jondholders of the Lehigh & Wilkesbarre Coal Company was
erty after those valuations bad ceased to represent the market leld this week. Mr. Samuel Willets presided, and about eighty
price. In the city of New York the valuation of real estate was bondholders were present. The meeting was called to receive the
r 00 low in the beginning of the crisis that the returns of the Comreport of the committee appointed by these bondholders a few
?; missioners of Taxes and Assessments show no falling off
in the weeks ago to devise a plan for reorganizing the company. The
total amount; on the contrary, there has been a small- increase, scheme proposed is briefly as follows :
sufficient probably to represent the value of the additions made
First—The bonds held by outsiders to the amount of $4,760,000 shall be
by the erection of new buildings.
But while the New preferred. [The balance of about $6,000,000 is under the control of the Cen¬
York valuations have increased, the rate of taxation has tral Railroad of New Jersey.]
Second—The coupons of the amount to be “preferred” shall be fnaded for
remained nearly the same, being $98 on a thousand in 1874, three
years into a ten-year income bond bearing 7 per cent interest, payable
and $36 50 in 1877.
In this city, while the valuations have semi-annually.
Third—A sinking fund of 10 cents per ton on the amonnt of coal mined
been reduced, as I have said, nearly one hundred and twelve
;
millions of dollars, the rate of taxation has been reduced from each year shall be set aside for the following purposes: 1st. Payment of any
prior mortgage for which purchase-money has been nsed. 2<t. Retirement of
$15 60on a thousand, in 1874, to $13 10 in. 1877. It appears sterling mortgage bonds, of which $i,68ti,030 are held in England. <fd. Retire¬
from the returns to the Tax Commissioners of this common¬ ment of the income bonds specified above; and, lastly, for the retirement of
wealth that, with the exception of the years 1874 and 1877, the the $4,700,060 of bonds held outside of Jersey Central.
Fonrth—The earnings of the coal company to be applied, first, to the pay¬
rate' of taxation in Boston during the last thirteen years ment of interest on prior
mortgage bonds and sterling bonds; second, to the
'has fallen below the average of all the rest of the State.
But interest on the $4,700,000 of bonds held by the public; third, to the interest
this is more than offset, undoubtedly, by the higher valuation on the income bonds; and, lastly, to the interest on bonds held by the Central
Railroad of New Jersey.
"
i
established by our Assessors.
Fifth—If the earnings in any one year are not sufficient to pay the interest
on the Income bonds and en bends controlled by the Central Railroad of New
CITY DEBT STATEMEITT.
Jersey, the interest shall not accumulate, and the Central Railroad of New
The following is an exhibit of the total debt of the city, De
Jetsey shall cut off and cancel such coupons.
©ember 31.1877, compared with the debt of the city at the close
Finally, all public or outside bondholders who shall give their assent to this
'
.
1876:
of the year
,
Dec. 31,1877.
l
Dec. 31.1876.
$45,05V51
$48,3*4.444
Amount of debt
the year 1877, $1,703,707.
amount of $48,354,444 represents
"Decrease daring
^The
,
above
the total
funded debt, December 31, 1877; to this should be added the
following loans and parts of loans authorized by the City Council
6f 1877, not y#negotiated, but to be negotiated as soon as the
necessity of the case requires, viz.:
Order, Mar 25,1817, English high and Latin school-house balance..
August 9,1877, Improved sewerage balance
December St, 1877, Stony brook sewer
December 31, 1877, widening Commercial street
'Vended debt
Loans authorised but not negotiated
183 000
500,000
$4,494,000
$43,854,444,
4,494,000
-
Total debt liabilities
4.
$310,000
3,551,000
.
$47,848,414
pebt paid during the year 1877, and certificates canceled,
Debt funded during the year 1877, $653,000.
•The means on hand December 31, 1877, for the payment of the
*$3,855,707.
funded debt of $43,354,444, compared with those of 1876,
CM fellows
scheme within three months shall share its
the outside bondholders agree to release the
fiom Its endorsement
benefits. In view of the above
Central Railroad of New Jersey
This report was unanimously accepted, and the committee was
authorized to continue with power to perfect this scheme with
the Central Railroad of New Jersey
Massachusetts State Finances.—From Governor Bice’s meer
following on the State finances: The State has
now no temporary loans to provide for; nor has it any funded
liabilities for whose liquidation sinking funds have not been
established. These funds, with their accumulations from invest¬
ment and from resources set apart for their endowment, have
been deemed ample for the retirement of the present debt at
maturity, no important instalment of which falls due prior to
1883, and none between that year and the year 1888.
The total debt of the State, for which its bonds or certificates
of indebtedness are outstanding, is shown by the following
sage we extract the
exhibit:
~
-
$17,788,996
Railroad loans....
10^56,188
4,913,880
War loans
Ordinary loans
.
were
:
$830,000
expenditures of
sioners....
...$15,921,376
$15,782,996 the Stat9 furnishes gratifying evidence of increasing economy in
Public land, and other bonds pledged for the pay¬
The ordinary ex¬
ment of the debt
577,612
898,79i legislative and departmental administration.
penses of the government for the year 1877, as far as ascertained
$16,498,979
$16,681,789 from actual payment find careful estimate, indicate a decrease of
Decrease of means during the municipal year 1877, $182,810.
$100,000 from 1876, and an aggregate reduction of $200,000
The funded debt^ December 31, 1877, was
$13,854,444 since 1875. The exceptional expenditures exhibit a very much
The means on hand for the payment of the same, Dec. 31, 1877,
larger reduction during the two years referred to, while the
were
16,498,979 aggregate decrease in both classifications will he nearly
Debt, less means for pa} ing, Dec. 31, 1877.
$16,655,464 $1,000,000.
The estimated expenses for 1878 show a still further reduc¬
: 'The debt of ;the city, December 31,1876, was, less
the means tion.
U
for payiog the same, $28,876,363 ; which, compared with that of Payments from revenue, ordinary and exceptional
$4,548,009
Dec. 31,1877.
Dec. 31,1876.
Funds in the hands of the Sinking Fund Commis¬
Showing a reduction in 1877 of
The continued and substantial reduction in the
...
.....
;
December 31,1877, as above, shows a decrease of debt, less means
for paying the same, during the year 1877, amounting to $1,520,897
Central of New
<
’
Jereey.—A meeting of some of the leading
held at the receiver’s office lately to consider a
plan of re-organization, in many respects different from that
Ordinary revenue of the year, including revenue caBh on hand...... 4,120,695
As these estimates are necessarily predicated upon the receipts
and expenditures accruing and authorized under existing laws,
they will, of course, be changed by any new or special legisla¬
But in order to meet the probable deficit as thereby indi¬
proposed some time ago by the bondholders’ committee. The cated, and supply the wants of the treasury in anticipation of the
Ttteetiag was private, but it was stated that the plan propose* revenues of 1879, a State tax of $1,000,000 will be required. The
Will not conflict with that prepared by the committee of Lehigh amount here stated will be a redaction of $500,000 from the tax
6 Wilkesbarre bondholders. The scheme was. adopted, and a of 1877, and an aggregate reduction of $1,009,000 since the year
committee of five was appointed to confer with the Lehigh & 1875. '•
•
VALUATION.
Wilkesbarre bondholders end the New Jersey Central consol!
idated mortgage bondholders.
The decline which began at the close of the year 1875, and
Cincinnati WftbashA Michigan.—The trustees under the which amounted to nearly $71,000,000 in 1876, has. contrary to
mortgage have taken formal possession of thirf road, and will expectation, continued to increase, and for the year 1877 amounts
to no less than $101,082,773 ; making atotal redaction in these
operate it for the benefit of the bondholders. The road is about1 two
years of $172,245,919.
1x4 miles long, and has a funded debt of about $1,800,000.
The following table exhibits the results since 1872:
Connecticut Talley Railroad,—A press dispatch from H rt
atid personal property, rain.
$199.9)1,711
ford, Conn., January 9, says: "A majority of the first mortgage 187)—Real
1878—Real and personal property, gain.
o6.830.021
.’.
bondholders of the Connecticut Valley Railroad have petitioned 1*74—Kesl And personal property, gain.. i..
68,171,175
9,181,541
.the State Treasurer to take the necessary steps, at the end of the 1875—Real and personal property, gain
required limit of one year, to foreclose tbelr mortgage according
$314,054,448
Gain
>■«»£•*
to the bonds on which interest is in default for more than six 1878— 4 al a Ld personal property, foes. jV# • • • • a • • ,* ».%,• • • $70,948,146
months. The bonds amount tp $1,000,000. In care of fore¬ 1877—Rnal and personal property, loss
v>...... . 101,682,774
.v
;
Y
$172,095,919
closure, the seoond mortgage of $1,200,000, which has been paid
hy the Charter Oaa Life Insurance Company;becomea worthless.’*
Present valuation above that of 1871.^ . v.V‘
.$172,023,589
Of the deduction of last year; !$7u,643.098 was upon Teal estate
Houston & Texas Central*—A dispatch of January 2 stated
that tite indebtedness of the Texas & Houston Central Railway aud $30,439,675 on personal; and of the total decline $88,291,557
"Company Wthe Missouri Kansas A Texas Railway Company, the was in the cities, upwards of $60,000,000 being in Boston.
stockholders
was
tion.
,
.
..a...-,..**««.
.......
*
„
.
M.l
January 12,
THE CHRONICLE.
1878.]
TAXATION*
The total redaction of the
utable to the careful and economical
management of our city
finances.
The new issues of bonds made
daring the year just closed were
only such as were made compulsory by existing laws passed
.
levy within the whole State in
$2,939,957; and in 1877, $861,963; about $300,000 of
the latter being attributable to the redaction of the State tax
from the previons year, namely, from $1,800,000 to
$1,500,000.
1876
tax
was
January 1, 1877, excepting .a small amount ($3,999) passed in
1877, and were for the following purposes:
Barnstable, Bristol, Hampshire, Nantucket and Plymouth.
,6.3781
government:
_
*
.
Departments and
The Common Council
Allowed
purposes.
Interest
city debt
Redemption of city debt
on
Armories and
Armories and drill-rooms—rents
ics
armorers....
*00,000.
(leases in force)
73.150
State tax of 1874, due by towns annexed from West¬
chester County............
...............
Law Department
.................
Department, of Public Works
Department of Public Parks
Department of Buildings
„
Department of Public Charities and Correction
,
1,288,670
114,600
3,558.000
150,000
Advertising, printing, stationery and blank books..
;
Judiciary.
148,850
80,000
75,000
96,300
............................
,
Total....
t
.
.*1
..
revenues of
*
i
967,694
$30,984,269
general fund
2,500,000
-
-
r-
Amount of final estimates
I
108,960
3,400,000
185,000
188,000
163.500
1,187,825
}Ci?celtaneous
Asylums, reformatories and charitable institutions.
Deduct estimated
M6O.CO0
190,000
3,9*9,895
1,220,870
204,872
4,030,175
The
r
316.800
70,000
1,190,000
....
.....
143.000
.1,611,100
75,600
Fire Department
Department of Taxes and Assessments
Board of Education
College of the City of New York
Election expenses
Sheriff's tees
Coroner sfeee....
158,000
i<^wv
1,682,000
357,000
olice Department
?health
Department
-
,
$28,434,269
ing to the city
to
that
-
CONDITION OF THE PUBLIC DEBT.
The amount of the
public indebtedness is always a matter cf
of the Controller shows that the debt
follows :
1
The last report
of the city
is
as
Comparative Statement of the City Debt, Dec. 31, 1876, and Dec. 81, 1877.
_
_
Funded debt, payable from taxation and the sink-
Dec. 81,1876.
Dec. 81.1877.
Deduct bonds already purchased and now .........$119,631,313
held
$121,440,183
28,296,247
31,080,007
$91,335,065
$90,860,125
v-
y--;
Commissioners of the Sinking Fond
byj
..
Net permanent debt..,
Temporary debt, payable wholly
assessments
Revenue
Revenue
Revenue
Retenue
bonds,
bonds,
bonds.
bonds,
special
or
in part from
;
1875.
22,871,400
560 844
540,000
5,004,500
1876
1877
those that in the meantime mature, and thus the debt be main¬
tained in its present condition, before tbe
expiration of that
period the Binking fund will reach
city debt.
entire
$119,811,310
$117,741,050
Hie past year (1877) will be memorable, I
hope, as the begin¬
ning of a new epoch in the financial history of our city govern¬
ment.
For twenty years previous our city debt had been
inertoaslng. From an indebtedness of about $18,000,000 steadily
on De¬
cember 31, 1857, at the expiration of ten years,
namely, December
81,1867, the amount had increased to $32,9l4,42fR6. This cov.
ered the period of the war,
during two years of which, 1863 and
than $12,000,000 was added to the debt.‘
'From 1867-8 may be dated the accession of the
corrupt admin¬
istration known as "the
Bing" to fall control. This dynasty
continued ip power for nearly five
years, until 1872. Daring
which period the aggregate debt of the
city increased as folmore
&#•:
December 31,1868....
December 81,18*9
December 81, 1870
$35,988,647 I December 81,1871
47,791,8401 December 81,1872
78,378,5521
larger than the
an amount
A WBONG SYSTEM OF TAXATION.
For many years past
I think our system of taxation and ex¬
penditures has been radically wrong. In January we find it
necessary to borrow money for the current expenses of the
city,
and to continue the practice until tbe month of
November,
when
the yearly taxes are payable. That is, we live ten
months in
It has been suggested by able
financiers that if power could be
After paying tbe current premium on the bonds of the
city now
outstanding, having higher rates of interest, it is estimated that
very nearly or quite $1,000,000 per annum could thereby be
saved in our annual interest.
In addition to this, I think a market for at least
one-fourth of
our entire
city debt in bonds of small denominations, at 4£ per
cent
annual interest, might be found
among the industrial
classes of the city, whose distrust oi
savings institutions would
lead them to seek such an investment. The taxation for the
year
just passed was based upon general valuations, not
greatly dif¬
fering from those of the year or two preceding ; consequently,
in
instances, these assessments have been on valuations much
greater than the present market value of the
property. This, if
continued, would work a double wrong : First, it Is an improper
and onerous exaction from the owner of the
property ; and, sec¬
many
ondly, it gives a fictitious aggregate to the value of city property,
upon which our proportion of State tax is, to some extent, based.
21,329,500 I think if the same rule of valuation should be applied to this
307,924 city as to other parts
of the State, our contribution for State
400,000 purposes would be diminished one-quarter, and would reduce
5,843,500
Total
1864,
THE SINKING- FUND.
If further issues of bonds for public
lodged in proper hands to make the necessary transfers, the city
debt !r debt might be consolidated in a long bond at 4}
per cent interest.
ernment.
interest.
28,780
This is exclusive of reissues, and of
temporary revenue bonds,
issued in anticipation of taxes. The last issue of
city bonds we?e
5 per cent bonds, made
payable iu from thirty to fifty years, and
were awarded at from
par to 2*05 premium.
belong¬
evidence of a gradual diminution
of expenditure, I think economy can be
pushed much further in
that direction, without
impairing the efficacy of the city gov¬
•
Miscellaneous..........
-
Notwithstanding the above
^
24.000
277,600
185,000
30,000
70,000
69,600
948,840
permanent
/
;...
.
now in the staking fund, and which will be added
fund and applied to the payment of the
the'city,-
256,500
361,801
advance of our income. This seems to me to be a vicious
sys¬
tem, and ought to be remedied. Of course it cannot be done
snddenly, or in a single year. It would not be practicable to levy
a new
year's taxes this month for the year 1878, when the taxes
of 1877 are still in a
large measure uncollected ; but each year
we might collect our annual
levy one or two months earlier, and
$30,079,077 so in a few
years get back to the only proper system of
2,500,000
collecting
our
moneys before expending them. This would result in a.sav¬
$21,679,077. ing in interest ofj$540,000
per year on revenue bonds issued, in
for interest anticipation of tax
receipts.
1,188,025
Of the $9,000,000 included in the above estimate
the city debt, about $1,900,000 are for interest on bonds
on
.......
Museum of Art and Natural Hi-tory
Judgment and c aims for armories and schools
Third avenue (Morrisania)
improvement;
New County Court House....
718,600
63,000
51,000
,
88,606
•«...«««
...
City parks improvem. i1
improvements could be
stopped, the accumulations in the sinking fund would soon re¬
lieve us of the burthen of debt.
Many of the objects for which
8,»lt,32b new bonds are
directed to be issued are near completion, and the
9,164,388
1,155,297 Controller and myself are of the opinion that the Legislature
17,520 should not authorize
any additional permanent bonds unless for
69,0$7 some
very extraordinary purpose. If no new bonds are issued
800,000
70,175 during the next eighteen or twenty years, except to renew all
1,545.467
15,380
51,750
..
drill-rooms—wage* of
Third District Court House
928,635
466,800
.46,000
285.000
235,000
4,162,888
9.178,501
L
..........
Brooklyn Bridge
$*07,500
49,600
*
$4344167
..............
for 1878.
$114,500
The Department of Finance
For the State...
Public works—street openings and improvements
Public works—Croton Water Works.
Docks and slips...........
Allowed
for 1877.
The Mayoralty
prior
to
All the counties in the State shown decrease of
taxes, except
Missouri Pacific.—A. compromise has been agreed
the Carondelet Branch bonds, upon which default wasupon as to
made last
October. The bondholders agree to surrender their bonds and
receive fifty per cent of their face in new
bonds, on which inter
est is to be paid.
The amount of these bonds is $500,000.
New York City Finances.—Mayor Ely's
Message contains
the following : Below is a comparative statement of
appropria
tions made by the Board of Estimate and
Apportionment for the
City Departments and offices for 1877 and 1878, which will show
a considerable diminution of the total
expenditures of the city
41
..$58,869 386
95,582,158
Then followed an almost entire
change of administration, and
ifiany sincere efforts to economize expenditarSs and diminish the
increase of the pnblic debt. But such efforts were
our
burdens
to the extent of another million of
I submit
dollars
annually.
table of assessed valuation of real and
personal
estate, the rate of tax, and the amount of taxes levied in each
year,
a
from 1873 to 1877 inclusive, furnished by the Commie
sioners of Taxes:
Assess'd valu- Assess'd valu¬
ationsof
ation* of per¬
'
Year.
1872
..
..
1674.
1875
Rate
Total
-v
real estate.
sonal estate.
$797,125,115
666.691,980
valuations.
$406,949,422
$1.1<14,074,687
292,447,643
881,547,996
683,648,545
392,428,165
_
272,481,181
217.800,154
218,628,178
1,159,189,6*3
1,154,029,176
1,100,943.699
1,101,(54,343
of
Amount
tax.
2*90
2*56
2*80
2*94
2 80
2*65
of taxes.
$32,035,430
28.230.996
88.366,884
32,868.800
31,105,588
a
895,063,933
206,028,163
1,101,092,093
*9,178,940
For 1878 the estimate of the amount to be raised
tax is
$27,579,077 12, to which must be added, for deficienciesby
in prod¬
uct of tax, an amount not
exceeding 3 per cent., as provided by
law. With this addition the rate will not exceed 2*55
per cent.,
if based on the valuations of 1877.
Petersburg Railroad.—The holders of the first mortgage
Petersburg Railroad Company in Baltimore hhve
bonds of tbe
appointed a committee to represent their interest in the suit now
in the United States Circuit Court for the Eastern Diidegree successful, as the following table of its increase pending
trict of Virginia. It is understood that the bondholders are
in
1878 to 1876, will show :
favor of an early sale of the road.
‘52
H' 1874........v
I Portland & Ogdensburg.—In the United States Circuit Court
ibergl, tSJ*
U4.9TO.fl891J 52*252
December !}•
31. ltfftt....
119.M1.S10 |
Burlington, Vt., Jaowury 5. * biU of foreclosure wee flled
Puriog the year 1877 the bonded debt pf the city, as noted against
Vermont Division of the Portland & Ogdei
Abqve, was reduced to, and now is, $ (17,741,050. This reduction Railroad the
in behalf of certain bondholders. J Charles
jof more than $2,000,000 from the debt of 1876, is mainly attrib- of New
York, appeared for the latter.
only to
a
THE CHRONICLE
42
[Vox.. XXVI.
COTTON.
3H)e Commercial Cimeo.
Friday, P. M., January
The Movement of the Crop, as indicated
from the South to-night, is given below. For
COMMER^AlTEPITOjiK
Night, Jan. 11.1878.
Friday
received of an armistice between Russia and Tur¬
key had an important influence upon values of leading staples,
causing a decline in breadstuffs and provisions, but an advance in
cotton.
General trade has hardly opened for the new year. The
constant recurrence of notable irregularities and defalcations in
monetary and commercial circles keeps up a feeling of disquiet
and uncertainty, which is most unfavorable to business. Many
new firms are hardly in working order as yet.
Still, the fact
that values are so low, and the cost of conducting mercantile
operations has been so largely reduced, affords much encourage¬
The reports
by
11, 1878.
our
telegrams
the week ending
this evening (J&n. 11), the total receipts have reached 142.099
bales, against 165,755 bales last week, 224,634 bales the previous
week, and 231.594 bales three weeks since, making the total re¬
ceipts since the 1st of September, 1877, 2,640,769 bales, against
2,778,363 bales for the same period of 1876-7, showing a decrease
since Sept. 1, 1877, of 137,594 bales. The details of the receipts
for this week (as per telegraph) and for the corresponding weeks
of five previous years are as follows :
*
ment for the future.
There has been renewed depression in hog products, and the
lowest prices in many years have been made in the past week.
New mess pork closed at $12 10@12 50 on the spot, with sellers
for March and April at $12 50, and only $12 bid. Lard declined
Receipts this week at—
1878.
New Orleans
Mobile
»•••*••*
•«•••••*•*
Charleston
Port
Royal, Ac....
Savannah. &c
Galveston
1877.
1876.
1874.
1875.
53,132
12,487
13,506
44.641
49,549
13,237
9,114
2,681
13,660
10,972
22,838
10,200
6,980
65,267
13,685
10,(61
402
611
15,472
22,992
15,763
19,408
10,708
7,C35
185
40S
567
131
14,511
1,689
2,248
20,715
8,588
7,509
17,442
791
208
Total
Same
Conti¬
this
week
nent.
week.
1877.
Indlanoia, Ac.
Tennessee, Ac
Florida
1878.
6,418
6,813
48,694
12,858
f
'
803
13,088
} 13,145
6,085
21,202
23,887
1,351
9,008
6S0
634
451
21,270
8,888
to-day to $7 70 for prime Western on the spot and for this and North Carolina
2,239
2,516
2,467
1,218
2,883
next month, $7 8.0 for March, and $7 90 for April. Bacon at 6£@
6,926
18,097
15,835
10,230
Norfolk
15,566
6|c. for Western long and short clear, has been moderately ac¬
391
763
369
427
tive.
Cut meats at the late decline have been in demand and City Point, Ac
dose steady.
Beef and beef hams are quite nominal. Butter
95,242 155,635 136,235
Total this week
142,099 101,132 161,515
and cheese have been doing rather better, but close quiet. Tal¬
Total since Sept L... 2,640,769 2,778,363 2,640,375 [2,810,029
low has been quiet at 7 9-16c@7fc. for prime. Stearine has been
active at $7 90@7 95 per 100 lbs for prime Western.
The exports for the week ending this evening reach a total of
Winter hog-packing in the West, November 1 to January 2,
126,317 bales, of which 85,243 were to Great Britain, 20,598 to
has been as follows:
1876-77.
France, and 20,476 to rest of the Continent, while the stocks as
Nov. Ido
made up this evening are now 888,112 bales.
Below are tho
March!.
1876-’77.
1877-*78.
stocks and exports for the week, and also for the corresponding
.No. 2,190,000
3,291,065
2,895.000
At six
principal points
Estimated all other
Grand total
....
1,240,498
1,317,602
1,610,243
3.430,498
3,712.602
5,101,808
3,368,819
Previous week
The following is a comparative summary
from October 27 to January 5, inclusive:
Pork, lbs
Lard, lbs
Bacon, lbs
187?-’78.
1876-’77.
10,219,800
60,958,699
14,381,200
58,75i,l89
102,831,567
116,001,081
Decrease.
4,131,400
2,197,2£0
13,621,616
Lugs, 3@5c., and leaf, 6@llc:
Bead leaf also shows an improved business; many of the cigar
manufacturers have yielded to the strikers and are at work again;
and the sales of the week are 740 cases, including 100 cases sun¬
dries; 4 to 18c.; 300 cases, 1876 crop. New England, 10,12, 20 to
25c.; 200 cases, 1875 crop, New Eogland. p. t., and 140 cases,
1876 crop, Pennsylvania, 9|, 10, 17 to 21c. The movement in
Spanish tobacco has been moderate, and sales are 450 bales at
80c.@$l 10.
Coflees have been rather quiet, but no quotable changes have
taken place ; Rio was quoted at 15±@18£c. for ordinary to prime
cargoes, with a stock of 85,687 bags here in first hands on the
9th inst. Late sales of mild grades include 2,600 bags Maracaibo,
295 bags Mexican; and 9,540 bags St. Domingo are in transit for
Europe. Rice in fair jobbing demand and steady. Molasses is
quiet and somewhat irregular, especially New Orleans, which is
now quoted at 23@48c., the latter for fancy.
Refined sugars have
latterly been quiet, but are quoted steady ; standard crushed
quoted at 9|c. Raw sugars also close rather dull, but steady ;
fair to good refining Cuba 7f@7fc.
Receipts since January 1, 1878
Sales since January 1, 1878
Stock January 9. 1b76
Stock January 10, 1877
Naval stores have been
Great
Britain.
New Orleans*....
Mobile
31,361
3,780
Charleston/
6,039
5,377
Savannah, Ac....
easier, and the close is quiet.
Stock January 1, 1878.
ending
Jan. 11.
of aggregate exports
Increase.
season:
Exported to
Week
....
Total, lbs.
178,686,066
189,140,722
The market for Kentucky tobacco has been much more active,
the sales for the week amounting to 1,000 hhds., of which 850
for export and 150 for consumption. Prices are, however, rather
.
week of last
Bags.
Bhds.
Boxes.
23,745
7,247
112.601
4,739
3,036
25,448
6,603
4,613
2,522
9,838
16,571
186,164
108,493
140,267
45,382
Galvestont
New York
Norfolk.
Other portst
1,220
10,684
16,745
10,037
Total this week..
85,243
Total since Sept. 1
•
• •
•
•
*
•
*
•
•
•
•
•
•
•
•
»
1,220
11,766
16,745
11,357
••*
290
792
•••
1,320
128,317
20,476
20,598
1877*
49,257 337,277 203.048
11,761 63,126 65,033
14,627 80,488 73,829
12,587 91,187 74,771
19,640 104,957 120,549
•
7,688 123,567 236,678
25,510 24,509
3,948 57,000 88,000
«
.
•
.
119,506 888,112 924,923
864,093 255,288 1246,438 1,365,817 1,529,601
—
....
JNew Or leans.—Our telegram to-night from New Orleans snows that (besides
above exports) the amount of cotton on shipboard and engaged for shipment at
that port is as follows: For Liverpool, 52,230 halea; for Havre, 41,250 bales: for
the Continent, 25.750 bales; for coastwise ports,3,500 bales; which, If deducted from
the stock, would leave 214,50) bales, representing the quantity at the landing and In
presses unsold or awaiting orders.
t Galveston.—Out Galveston telegram shows (besides above exports) on ship¬
board at that port, not cleared: For Liverpool, 28,160 bales; for other foreign,
7,120 bales; for coastwise ports,6,482 bales; which. If deducted ftom the stock,
would leave remaining 63,245 bales.
t The exports this week under the head of "other ports” Include
€89 bales to Liverpool; from Boston, 5 274 bales to Liverpool;
more,
delphia, 1,145 bales to Liverpool,and 1,229 bales to Channel; from
1,70b bales to Liverpool, and 1,820 bales to the Continent.
From the
from Balti¬
from Phila¬
Wilmington,
foregoing statement it will be seen that, compared
last season, there is an increan
with the corresponding week of
In the exports this week of 6,811
bales, while the stocks to-night
36,810 bales less than they were at this time a year ago.
The following is our usual table showing the movement of cottom
at all the ports from Sept. 1 to Jan. 4, the latest mail dates:
are
EXPORTED BINGS 8SPT,
rscsitts
18
592
‘592
13
'
•
51,396
11,207
12,209
10,417
9,000
1,656
3,170
5,040
11,085
5,771
3,000
1878.
•
Melado.
■
France
Stock.
PORTS.
BIHCX BBPT.
generally dull, except spirits turpen¬
tine, which has sold fairly at a decline to 32@32£c., closing at the
inside price ; common to good- strained rosin quoted at $1 70(g)
41 75. Petroleum has continued to decline, but little or nothing,
comparatively speaking, has been done ; crude, in balk, is quoted
at 6S<®6|c.; refined, in bbls., for prompt delivery, 12c.
Ingot
copper steady, with 100,000 lbs. sold at 17fc., cash. Grass seeds
firm. Clover, 8i@8fc. per lb., and timothy, $1 40 per bush.
In ocean freight room a very fair business has been done;
rates for berth room have remained steady, and, in one or two
instances, a slight advance has taken place; charters, however,
have shown irregularity, and are quoted somewhat lawer. * Late
N. Orleans.
731,144
Mobile
240,814
Charleston*
Savannah..
Galveston*.
New York..
819,366
403,161
300,865
39:692
6,886
102,825
801,020
Other ports v 58,897
Florida.....
N. Carolina
Norfolk*..
Britain
692,700 237,222 136,688
40,829 8,533
332,376 57,773 42,978
364,698 68,721 26,799
872,667 70,903 14,507
2,330
58,258 127,174
•13,936
1,780
90,900 19,955
1,075
386,708 76,431
63,298 64,837
i
TO—
■
•
•
•
• *
•
•
Other
Coast-
forei’n
Total.
Stock
wise
Ports.
90,110 464,020 98,635 842,162
66,584
4,596 53,958 122,741
86,126
34,627 135,883 89,167
94,008
161,323
45,439 155,959
3,651 89,061 119,300 98,779
125,459
21,330 150,834
6,386
'•>•*
15,767 37,492 45,979 18,250
,1.800 79,806 205,450 41,772
33,508
8,650 73,487
.
•
•
••
c
* •
•
-
*
♦•••
,
778,850 234,690 225,960 1289,500 848,931 907,660
Tot this yr. 2,498,670
Tot last vr.
France
251,690
.
1
-
Great
1876.
1877.
2,788
1.
2,617,231 1010, t%!228,817 173,062 1410,095 860,821 970,200
engagements and charters include: Grain to Liverpool, by steam,
Under the head of Charleston It included Port Royal, &c.: under the head of
lOd.; cotton, id.; provisions, 10@45s.^ flmr, by sail, 2s. 9d.; d o. gaiveton Is included Indlanoia,*04 wider the heed of Norfolk is Included City
Point 6c.
i
•••.
i
=
to taadon, by steam,
; cheese, 45s.; grain to Bristol, by sa 1,
These
mail
returns
do
not,
correspond
precisely
with
the
total of
5s.9d. perqr.; flour, 3*.; flour to Glasgow, by sail, 3s.; grain to
Cork for orders, 6s. 3d.; do. to a direct port in the United King¬ the telegraphic figures, because in preparing them it is always
t
dom, 6a 3d.; do. to Oporto, in bags, 7*. 3d.; do. to Lisbon, 16c., necessary to incorporate eyenr correction made at the ports.
spot
Quotations
for
cotton
on
the
were
reduced
l-16c.
on
Mon¬
petroleum
Continent,
4s.
3d.;
Const&ngold; refined
to the
do. to
tinople, 6a., and cases, 30c., gold; cases to Constantinople, 314c., day, to lljc. for middling uplands, but the movement was quite
gold. To-day, business was moderate; charters were again limited, and chiefly for home consumption. Deliveries on con¬
lower, but berth rates abont steady. ‘ Grain to Liverpool, by sail, tracts have been liberal, and sales for prompt delivery this
8d.; cotton, by steam, id.; barley to Bristol, by sail, 81.; grain to month—“ short notices/* as they are termed—were at figures ma¬
Lisbon, 16c., gold, per bushel; refUed petroleum to Bremen, terially below ’ nominal quotations. Naturally, therefore, Jhe
Yes¬
8s. fid.; do. to do. or Antwerp, 4s. l|d.; naphtha to Bordeaux, sales of cotton from store or wharf have' not been large.
4s. 3d/
terday there wag a more active market for spots, with sales of
*
-
..
,
.
.
January
1$, 1878. J
THE CHRONICLE.
43
2,000 bales for export, acd prices were advanced |c.; mid¬ balea.
eta
bales.'
eta.
bales.
eta.
hales.
eta.
800
dling uplands life., but the low grades closed weak, and the
..11*66
1,000......
li*7a
200
U*W
500..
12-05
700.
..11*67
800.
market to-day was quiet and easier. This afternoon
..It 79
1,100
U*92
quotations
700,
u*ao
200
11*5.8
8,200 total June.
were revised, low
500
grades being reduced &c. and the high grades 115,600 total March.
.....11*81
100.
.11*94
For July.
200
11*32
being advanced l-16c. For future delivery the week opened on
For April
100
11*81
10.800 total May.
ino
11*51
VJO
^Saturday last with a sharp decline in values. Advices from Liv¬
11*9®
24,909 total April.
f00
.li*52
loo
till
erpool had been very disappointing to parties who had been buy¬ 1,100..
.11*58
100
For May.
..11*95
For Jane.
600
.11*54
ing throughout the week in anticipation of more active markets
5
500
0....:
11*96
11*83
800.... .......11*78
1.000
.11*56
109. .........11*97
500....
15-6S
mo....
li-SO
abroad, and the 0
taking advantage
of the dull accounts
1,200
.11*57
VO0-...
12*01
...bears,
0
6
11*67
100....
11*81
and the consequent pause in the demand,
700
11*5-1
800..
12*02
200....
...11*89
sold the market down
400.... .......11*82
700
.11*9
50).;.
13*06
400....
1119
4JO....
11*83
very
600
.11*80
100
8liay>ly.
An effort on Monday to repeat the experiment
12-07
200....
11*70
400..
11*84
.11 61
bit slightly
800
proved.
13*10
..
0
0
5
11*71
successful, and during
306....
11*85
Tuesday and Wed¬
-•oo
.11*63
SIj
102
...12*11
11*72
100
11*91
nesday prices showed an upward tendency, owing to advices by
600..
1164
600.... .......11*74
11*92
1,700
cable indicating the
200
.11*63
2,590 total July.
200....
11*77
200....
11*91
adoption of measures looking to a restora¬ 1.100
.11*87
3C...
11*78
tion of an early
610....
1194
For Augustpeace between Russia and Turkey, or at least
too...:
.11*64
900..
11*79
100
11*95
200
11*93
that new complications
1.7(0
.11*62
ll*Sl
S0J,...
200....
11*96
growing out of their affairs would be 1.300
100...
11*96
.11*71
1,300....
11-98
200....
11*97
avoided. Yesterday there was a further advance on rumors of
100
...12*02
l.*»
.11*72
I, 00
..11*84
800.... ......,11*93
9 0
12*06
an
100
.11*78
4j0....
11*84
armistice, but to-day the advance was not fully supported.
210....
11 99
100
1307
400
.11*74
100.... .......11*87
12*0»
The rumors of an armistice not
1.8C0....
12*14
ItO......
.11*75
being confirmed, there was some 2,900
200
11*88
800....
1J*01
100
12*16
300
.11*76
10)....
11 99
2 0....
selling to realize.
....12*03
3.200
.11*77
400....
11*90
ice... ,,....12*01
The tot&l sales for forward
1,60) total Aug.
delivery for the week are 277,900
The following exchanges
bales, including — free on board. For immediate delivery the total
have been made during the wsek.
sales foot up this week 6,014 bales,
•01 pd to-exch. 9)0 Jan. re«. for no I
including 2,120 for export,
*01 pdto exch.ltO Jaa. s.n. 10th, for re*,
notice to-day.
3,841 for consumption, 53 for speculation, and
in transit.
Of the above, 550 bales were to arrive. The
The following will show the
following tables
closing prices bid for future de¬
'■how the official quotations and sales for each
day of the past livery, and the tone of the market, at three o’clock P. M. on the
week:
over
..
...
.
...
.
..
...
...
.
...
...
.00528..25431860.
UPLANDS.
New Cotton.
ALABAMA.
Sat. Mon.
Sat.
N. ORLEANS.
Mon.
Sat.
Mon.
...
..
several dates named:
-a
Jan. 5. Jan. i. Jan. 5. Jai. 7. Jan. 5. Jan. 7. Jan. 5
Ordinary
V tt.
Strict Ordinary
Hood Ordinary..... 10 5-16
-Strict Good Ord’ry.
Low Middling
Strict Low Middl’g
9 9-16
10*1-16
10*
10 9-16
10 15-16
11 1-16
??*
ii*i-i6
Middling
Good Middling
Strict
10
GoodMIddl’g
v
9*
10*
U 7-16
11 11-16
ll 15-16
11*
88
10 7-16
9 U-16
to*
10*
Good Ordinary
Strict Good Ord’ry.
Low Middling.... .
Strict Low Middl’g
Middling
9 9-16
10
UK
..
Fair
M8
8*
Gold
12 15-16
June
11 8-18
August
U M6
12 15-1*
li^is
10*
Ml-,.
10*
10*
10*
10 11-16 10 11-1*
11 1-16 111-M
11 8-16 11 8-16
ll*
88
11*
9 11-18 9 11-16
88
11*
8L.
Frl.
Til.
Frl.
Th.
Frl.
Th.
Jan.10. Jaa.ll. Jan.10. Jan. ll. Jan.10. Jan.11. Jan. 10
9 11-16
V a.
Strict Ordinary
Good Ordinary
Strict Good Ord’ry.
[10*
ko*
9 U-16
10 11-16
GoodMiddling
fib
Middling Fair
a**
12
Strict Good Mlddl’g
10*
10*
10 11-16 to*
10*
Ml-!.
12 15-16
IP.
10*
A
88
11*
10 13-16
11 8-16 11 U-16
11 5-16 U 5-16
11*
11*
M*
11*
M3
12*
11*
ll*
U*
11*
10*
Frl.
12
12 9-16
13 1-16
13*
12*
12*
13*
Good Ordinary
9
10
10
!C
Low Middling
Middling...^.......
....
.....
...
7-16
1-16
«*
&
5-16
10*
10*
11-16
10
,S*
10*
10*
10*
Th.
J*
88
10*
10*
10*
MARKET AND SALES.
1
8pot Market
Closed.
Ex¬
port.
Saturday.. Dull...
Quiet, steady .low.
5
ioo
274
885
669
986
2.020
1,063
•
Quiet,unch’g quo
Wednesday Form,unch’g
Thursday.. Steady
Friday!:...
quo.
Kwjr
• •
•
2,120
8,841
’
• • •
.
•
•
•
•
U • • •-
"is
r:
85
454
,
[ Total ;...
FUTUBR8.
ConSpec¬ Tran¬
Total.
sit.
sump. ulate
• •• •
53
./
2U
885
669
Deliv¬
eries.
Sales.
46.600
(44,600
500
500
48.000
1,200
1,100
60,400
1,104
8,118
•••#
464
56,200
52,100
••<
6.014
277,900
•
700
600
4,600
For forward delivery, the sales (including
free on board)
hate reached during the week 277,900 bales (all
middling
or on
the basis of middling), and the
following is a statement of the
■ales and prices:
ftr January,
tala*.
ct«.
#00s.n. 8th..11*13
100 a.n. 9th.. 11*14
100 a.n. 7th..II*.5
MO
11*15
900 s.n. Stb..11*18
1AOO... .......11*14
703 no notice to-
bales.
cts.
300. mnotice to-
day (6th)....11*28
1,800
..
1,000.
.
800, no
notice to*
day (9th)....11*21
300
U*24
lP0.no notice today (9th).... 11*23
4U0
11*20
1.200.....
11*27
200 s.n.
11*27
700...
11*28
U0 s.n.
11*29
103 s.n. mh.11‘29
100 sm. 14th. 11*29
400
*11*30
100 s.n. 14th. 11*3)
800
11*31
9 JO
u*a
»
100 S.D.
11*82
100 s n. 12th.1132
5C0s.n. 14th. 11*32
v
.
juM>n.n.tiimhlli8
L«0...........11*18
.
too no notice till
out
mo
8U0, no not'eat)
v
•
•
day ( tb).11*19
•
100 a.n. 12th, 11*19
000...
1110
800a.ii.?tn ..11*20
100i.n. 8th .11*29
100 s.n. liih.ll*20
AC00
.....11*80
100 t.n. 7th.. 11*21
,
'
:
OOOa.n. loih.ll-22
8001.h. 7th .11*33
5,200.
11*41
11*42
11*43
• 700
11*44
11*45
11*4 i
S.oOO.
35
3,500 ..........1**84
8 500.
11*37
7,4*0
8,500.
1,000.
11*88
3.500...........U*80
8.9)0.
11*40
4,890
2.600
4 .SCO
8^X0. ;
1.500.
1.500.
11*42
11*43
U’4l
11*45
11*48
11*47
11*43
11*49
83.10Q total Feb.
.....
11*83
11*40
11*84
28.480 total Jan.
11*34
1.200
f-300
11*29
11*30
4,810.
11*81
1,100
6.000. ..........11*82
5.600
11*38
2.300...., ......11*35
11*88
il.500.'i...
r
400
li*3i
11*83
....
For March,
bales.
cm
800.
1,900.
5,800.
1,900.
5,500.
2.000.
1,200.
1.400
1.20.1.....
-WOP...........11*21
MO, n«> notice ts-
For Fehrnary.
bates.
eta.
400.
11*27
•V
11*50
•
•
a • •
ft! 1*31
.11*52
]^0J
5800
..11*47
......
11*48
...li-49
.11*51
•1.000...
4,9<iO
11*52
....11*58
11*34
.
11*55
*.. c;w.11'SI
9.100
8,880
2.708
4JM0
3,000
7 000.
Easy.
PW
102 %
4*80
Exchange
11*31
11*58
11*59
11*80
....11*61
11*62
11*61
-I*'
8,000.......... .11*63
Wed.
ie*X
n-28
11*44
11-53
11*72
11*84
11*97
12*03
1203
Firm.
102 K
Frl.
1183
11*47
n-6i
11*66
11*45
11-59
11*73
11*74
7l*85
11*96
11*87
11*99
12*03
12*04
12*11
11*85
11*80
1-2*10
11*40
Steady.
Easy.
i'WX
4 79 V
102*
4-793?
4.80
Thurs.
Higher. Variable.Irregul *r.
11*77
llv-8
11-95
12*01
11*25
Barely Quiet and
Steady. Steady.
4*
Firm.
102H
4*7fV
79V
The Visible Supply
op Cotton, as made
up by cable and
telegraph, is as follows. The continental stocks are' the figures
of last Saturday, but the totals for Great Britain and the
afloat
for the Continent are this week’s
returns, and consequently
brought down to Thursday evening; hence, to make the totals the
complete figures for to-night (Jan. 11). we add the item of exports
from the (Tinted States, including in it the
exports of Friday
only:
1878.
1876.
1875.
StocJK at Liverpool
Stock at London
885,000
15,000
603,000
47,250
636,000
779,000
63,730
122,25(5
Total Great Britain stock
Stock at Havre
Stock at Marseilles
Stuck at Barcelona
400,000
655,250
140,000
4,000
160,250
1877.
3,000
40.000
39.250
10,500
7.250
6,000
9,750
698,750
219,000
8,750
54,000
16,300
31,500
38,750
10,750
13,000
7,750
Total continental porta
266,500
327,500
395,0CC
312,350
Total European stocks
1,093,750
183,000
623,000
1,318,500
•
••#•«•••••••••
Frt.
9*
8ALBS OV SPOT AND TRANSIT.
Closed-
Stock at Antwerp
Stock at other continental
Jan. 5. Jan. 7. Jan. 6. Jan. 9. Jan.10. Jan.lt.
Strict Good Ordinary
11*3)
Tues
Higher.
11*23
11*37
11*51
11*64
11*81
11*38
11*95
11*20
Stock at Amsterdam
Stock at Rotterdam
STAINED.
Sat. Mon. Tnes Wed.
12*ou
12-P7
Stock at Hamburg
8tock &t Bremen.«•
88
12
12 9-16
18 1-16
Joiy..
11*13
11*81
11-44
11*54
11*69
Jan.11.
10 18-16 10*
ll 1-16
11 5-16
10 15-16 11 8-16
11 8-16 11 5-16
•
9 13-16
A
10*
10*
10 15-16 11 1-16
U 8-16 11 8-16
!i*
15-16
•»»
9 1S-16
9*
to
10*
10*
* 10*
Low Middling
11 1-16
Sterlet Low Middl’g 11 3-16
Middling
11*
11*
t>*
12 5-16
12 5-16
12 7-16
12 <-l8
12 13-16 12 18-16 12 18-16 12 i3-16 12 15-16 12 15-16 12 15-16 12
15—lg
Th.
New Cotton.
11*
It*
88
May
Transf. orders.
9 9-18
10
U*
It*
11*
iiv
11*56
11*88
11-81
ll*93
April
10 U-16
11 1-16
Mou.
Dull.
-.1*20
11*33
11*45
11*57
11*70
11*82
11*88
11*98
11*25
U*42
March
,
Sat.
il*23
It*
11 li-:6 U*
ll 15-16 *‘l*
ffU
«* 11-16 9 11-18
9 9-16
10
10*
10*
10*
10*
10*
10*
10*
10*
10 9-16 10 *-16 10 9-16 10 9-16 to 11-1C 10 11-16
10 15-16 10 15-16 10 15-16 10 15—16 11 1-16 n i-i6
11 1-16 11 1-16 U 1-16 11 1-16 11 8-16 11 3-16
Hood Middling
Strict Good Middl’g
Middling Fair......
9 9-16
10
January.
February
YrU
Stronger. Lower.
11*
Jan. 8. Jan. 9* Jan. 8. Jan. 9. Jan. 8. Jan. 9. Jan. 8. Jan.
9.
Ordinary
V n.
Strict Ordinary
Market—
10 11-16
It 1-16
11 8-16
MU,.
12 5-16 12*
12 18-16 13
3*
2*
lo\-l6
10*
i!2
11 1-16
1 9-16
11 13-16
9 11-16
10 8-16
10 7-16
Mon.
Jan. 7.
Tues Wed. Tues Wed. Tues Wed. Tues Wed.
New Cotton.
mm?
10*
10 9-16 to*
10 15-16
12 5-16
12 13—1(
12*
Ordinary
10 5-16
!ti«
11 13-16
Fairer....
9 9-16
10
10*
11*
11 9-16 11*
Middling Fair...... 12*
I0*f-14
MIDDLING UPLANDS—-A.XnBIOA.lf OLA.MIPIOA.TTON.
TEXAS.
Sat.
ports..
40,000
7,000
35,000
21,500
10,000
3,000
45,000
12.500
636,500
932,750
India cotton afloat for Europe....
American cotton afloat for Europe
47,000
628,000
73,000
510,000
Egypt, Brazil, Ac.,afloat for E’rope
28,000
65,000
Stock in United States ports......
Stock in U. S. interior ports
688,112
145,490
21,000
924,932
181,576
18,000
Total visible supply.... .baies£,419,103
2,708,3 i3
United States exports to-day
Of the above, the totals of American and other
American—
Liverpool stock318,000
365,000
205,000
633,0)0
S88,112
245,490
21,000
231,000
bales.?,100,602
American afloat to
Europe
United States stock.......
United States interior stocks
United 8tatee exports to-day
....
Total American
East Indian, Brasil. Ac.—
Liverpool stock.
London stock.............
Continental stocks
India afloat for Europe
.
•
;
*•
-
*
Total visible
52,50^
16,250
5,060
15,000
128.000
439,000
58,000
12,000
650,583
115,631
14,000
2,879,576
3,833,65^
are se
follows:
881,831
12o,995
850,533
145,621
i 8,000
13,000
14,000
2,176,498
2,078,826
1,938,154
167,000
241,000
47.250
6:,VH)
103,500
73,000*
65,000
335,000
62,750
210,000
133,000
395,000
15,0(0
60,000
58,000
1
510,000
924,932
122.250
197.250
128,000
■*
supply.... bales. 3,419,102
Liverpool...
40,500
134,576
Total East India, Ac.
318,500
Total American...................3,100,602
Price Mid. Uplands.
11,500
t
381,000
115,000
429,000
28,000
"
/ 4T.250
301,000
185,000
622,000'
47,000
Egypt, Brazil, Ac.,afloat.
60,000
631,831
126,995
description!
Continental stocks
901,259
114,000
9,250
*
6>id.
531,750
800,750
900,500
2,173,498
2,078,826
1,938,154
2,708^48
3.879,576
6*d.
2,838,054
These figures indicate a decrease in the cotton in sight to-night
bales as compared with the same date of 1877, a
decrease of 460,474 bales as compared with the -corresponding
date of 1876, and a decrease of 419,552 bales w compared
with 1875.
of 289,146
At the Interior Ports the movement—that is the receipts
and shipments for the week, and stock to-night, and for the
corresponding week of 1877—is set out in detail in the following
statement:
rv«uxx*£
Week ending Jan. 11,1878.
Receipts.
Augusta, Ga
Columbus, Ga
Macon, Ga.
;
Montgomery, Ala..
i
9.888
7,033
Nashville, Tenn...
1,854
Total, old ports.
90,969
.
1,734
1,104
9,860
18,869
10,829
60,779
4,543
4,355
12,627
1,794
23,357 145,490
18,708
1,4*6
1,880
3,829
3,965
13,844
1,648
Memphis, Tenn....
Selma. Ala
MOO
4,46 >
*,465
903
450
229
950
3,443
8,141
1,091
1,938
7,711
175
194
776
274
1,785
5,836
808
887
1,223
1.068
Cincinnati, O.......
6,966
8,479
8,735
4,783
Total, new ports
26,619
86,177
Total, an
47,588
Dallas, Texas
Jefferson, Tex.(e*Q.
Shreveport, La....
Vicksburg, Miss....
Columbus, Miss....
Bofanla, Ala.
Griffin, Ga
23,540
16.893
10,529
Shtpaenta Stpck
3,906
9,202
4,146
9,406
1,833
Weekending Jnn. 12, M77-
Stock.
8,859
;
,
771
638
8,167
2,800
9,483
6.463
4,146
6,524
2,016
11,444
4.463
1.790
34,126
19,030
10,568
8,360
10,629
9,881
2,550
1,825
5,914
80*88
5,266
thermometer h*» averaged 30, the
544
712
1,836
1,710
1,292
3,406
185
IS
822
870
800
924
the week has reached
one
inch and six hundredths.
Augusta, Georgia.—The weather here has been cold, cloudy
days; but as the week doses,
in the weather. Planters are
8,405*
8,371 sending their crop to market freely, and about three-quarters of
5,186 the crop in this section has been marketed. Average thermom¬
6.878 eter
36; highest 59 and lowest 24. We have had a rainfall of
8,900
899
and wet, with heavy rain on three
there has been a favorable change
The above totals show that the old interior stocks
degreased during the week 7,388 bales, and are to-night
bales more than at the same
last
The
10,914
Mo..
same towns
4,331
6,106
4,088
90,803
19,424
64,634 236,998
33,132
period
have been 7,261 bales
year.
more
than the
Charleston, South Carolina.—We have had rain on three days
week, the rainfall reaching three inches and fifty-five
795
8,688 86,701 hundredths. The thermometer has averaged 43, the highest be¬
4,015 10,898 ing 63 and the lowest 30.
The following statement wo have also received by telegraph,
28,014 88*5
showing the height of the livers at the points named at 3 o’clock
We give last year’s figures (Jan. 11, 1877) for oomM
51,010 *23,007 Jan. 10.
parison:
• ’ ■'
1,867
have
receipts at the
same
week last
year.
Weather Retorts
by
■
a rainfall of one inch and fifty hundredths.
The thermom¬
hasaveraged 40. • .<
' Savannah, Georgia—We have had rain on three days of the
week, and the balance has been cloudy. The thermometer has
averaged 44, the extremes being 26 and 92. The rainfall during
of this
St. Louis,
--
1
with
1,169
Charlotte,N.C.....
»
eter
510
825
506
850
■
Spow fell here this week.
",
Columbus, Georgia.—Itjh&er&ined severely one day of the week,
two inches and twelve hundredths.
Rome, Ga
■
28,016 134,576
496
839
2,280
■
highest being 46 and the low¬
est 18.
1,097
4,707
Qi
i
i
.■■.nil.
Telegraph. —The weather the past
Wan. 10. T8.-» i-Jan. 11, ’77.—*
„
_.
_
Feet.
.
New Orleans.. Below high-water mark
Memphis
6
19
Above low-water mark
Nashville
Above low-water mark.
95
Vicksburg....Abovelow-water mark........
at
week has been very cold, with
Considerable rain has fallen at
Feet.
Inch.
4
9
0
10
3
9
5
il
8
6
$
6
Shreveport. ..Abovelow-water mark
New Orleans
Inch.
4
*
15
3
reported below high-water mark of 1871 until
ice and snow at many points. Sept. 9,1874, when the sero of gauge was changed to high-water
mark of April 15 and 19,1874, which is 6-lOths of a foot above
some points, and the roads in
1871, or 16 feet above low-water mark at that point.
portions of the Southwest are said to be impassable.
Galveston, Texas.—It has rained continuously four days this
Comparative Port Receipts and Daily Crop Movement.—
week, but as the week closes there has been a favorable change
A
comparison of the port movement by weeks is not accurate
in the weather.
The roads are bad. Average thermometer, 45;
as
the weeks in different years do not end on the same day of die
highest 56 and lowest 34. The rainfall has been two inches and
eight hundredths.
month.
We have consequently added to our other standing
lndianeta, Texas.—There has been rain here on four days, tables a
daily and monthly statement, that the reader may con¬
stopping all work. Surface flooded everywhere. Average ther¬
stantly
have
before him the data for seeing the exact relative
mometer 43; highest 53 and lowest 33.
We have had a rainfall
movement
for
the years named. First, we give the eeceipta at
during the week of two inches.
Corsieana, Texas.—We have had showers on two days and kill¬ each
port each day of the week ending to-night.
ing frosts, with ice in this vicinity two nights. The weather has
POBT RECEIPTS PRO* SATURDAY, JAN. St, ’78, TO TRIDAY, JAN. 11, ’78.
been very cold, the thermometer ranging from 17 to 59, and aver¬
aging 38. The rainfall has been fifty hundredths of an inch.
New
Gal¬
Wil¬
J&cUZas, Texas.—There have been showers here on two days
Nor¬ ming¬
AIL
Total.
Or¬
Char¬ Savan- ves¬
Days of
this* week. The weather has been very cold. Three hundred
week.
leans
is leston nab. ton. folk. ton. others
thousand immigrants have reached Texas the past year. Average
thermometer during the week 89, highest 60 and lowest 17.
76
1,681 20,065
Saturday..... 8,580 1,685 1,886 2,764 1,280 2,653
-Rainfall, forty-six hundredths.
843
1*887; 31,788
12,849 8,069 1,750 2,997 8,576 5,277
Brehham, Texas.—It has rained on three days of the week, not Monday.
874
hard, but almost continuously, and roads are nearly impractica¬ Tuesday
858
2,952 ! 34,818
9,831 2,566 1,803 2,669
4,067
ble. Work in suspended. Average thermometer 49, highest 60
255
9,458 17,404
Wednesday.. 4,727 2,878 1,904 1,662 1342 2,878
and lowest 80., The rainfall is one inch.
921
821
1.458
19,821
Orleans, Louisiana.—We have had rain on two days, the Thursday.... 8,480 1,150 1,658 1,640
8,747
rainfall reaching sixty hundredths of an inch. The thermometer
969 13,509 99,289
Friday.
5,182 1,919 1,819 2,022 9,479 9,683
has averaged 41.
Total
49,549 13,387 9,114 18,660 10,972 20,705 1,622 28,240 142,009
Shreveport, Louisiana.—The weather during the week has
been favorable. The thermometer has averaged 42, the ex¬
tremes being 25 and 59, and the rainfall has been four hun¬
The movement each month since September 1 has been as
*3
-
i
....
■
dredths of
an
inch.
follows:
Vicksburg, Mississippi.—The thermometer has ranged from 24
to 57 during the week, averaging 40. It has rained on one day,
the rainfall reaching one hundredth of an inch.
Columbus, Mississippi.—We have had a rainfall here daring
the week of three hundredths of an inch.
Little Rock, Arkansas.—The weather daring the week
n
Tear beginning September 1.
Monthly
Receipts.
1877.
1876.
1875.
98,491
28S.869
578,538
822,498
169,077
675,960
931,392
has
been disagreeably coJd'untilgTnesday, when it moderated, and it
has been thawing since. It is now clear and pleasant. Cotton
receipts are very small and the roads are almost impassable.
October
November
December
610,316
1874.
1873.
184 878 i*
115,955
855,323
678,108 ;
586,988
878,295
1872.
184,744
444,003
680,158
524,075
900,119
Average thermometer 38, highest 79 and lowest 3.
759,088
811.689
787,769
821,177
Basnvitte, Tennessee.—Telegram not received.
‘
Memphis, Tennessee.—There has been rain here on one day, the Tota>, Dec. 81.. 2,3*9,636 2,601,289 2,840,688 2,106,615 1,858,349 1,683,875
rainfall reaching ten hundredths of an inch. The thermometer Percentage « i total port
48*11
60*24
48*65
receipts Dec. 81
6442
55-85
has ranged from 14 to 48, averaging 30.
Mobile, Alabama.—It has been showery two days the earlier
This statement shows that up to January 1 the receipts at the
part of the week, and two days have been cloudy, but the latter porta this year were 202,653 bales less than in 1876 and 58,9*j
portion has .been clear and pleasant. The thermometer has bales -more than at the same time in 1875. By adding to the
averaged 40, the highest being 52 and the lowest 28. There has above totals to January 1 the daily receipts since that time,
been a rainfall of fourteen hundredths of an inch.
we shall be able to reach an exact comparison of the movement
Montgomery, Alabama.—During the earlier part of the week for the different years.
we had rain on two days, but the latter
portion has been clear
and pleasant. Contracts for the coming' year are now bring
1873-74
1872-78.
1874-73.
1877-78.
1878-7?. ,1875-76.
made with the freedmen at about last year’s rates. The thermotneter has averaged 37 daring the week, the highest being 58 Total to Dec. 81
2*839,686 2,601,289 2,840,686 2,106,675 1,698,849. 1,688,875
and the lowest 25. The rainfall has been one and forty-one hun¬
i 20,878
17,298
16,871
18,523
Receipts Jan. 1
18,351
'
.
-
-
*
dredths indies.
8elma, Alabama.—The weather has been very cold, with rain
on one day and killing frosts on five
nights. Ice formed in this
vicinity two nights. There has been a favorable change in the
weather as the week closes.
Madison, Morida.—Rain has fallen on two days this week, the
rainfall reaching one inch and forty hundredths. It has been
too cold.
As the week closes there has been a favorable change
:
in the weather.
*
Macon, Georgia.—There has been rain here on two days. The
thermometer has averaged 38, the highest being 60 and the
lowest 20.
Atlanta. Georgia.—It has rained steadily two days this week,
the rainfall reaching two inches and fifty-three hand redths. The
2
8
4
6
6
80,935
16,245
S.
18,957
15,834.
89,193
s.
31.491
12,671
12,892
18,218
25,942
Receipts Jan. 7
31,768
24,819
24,891
10,043
9,784
7,588
13,845
18.840
Receipts Jan.
Receipts Jan.
Receipts Jan.
Receipts Jan.
Receipts Jan.
Receipts Jan. 8
Receipts Jan. 9
Receipts Jan. 10
Receipts Jan. ll
20,055
S.
17,404
27.877
29.282
Total Jan. 11. 9,840,769
9,762,713
Perct of total p<>rt receipts
16,790
24,787
21,84 i
8. ;
14,785
14,174
15,708
10,821
28,840
68*42
».'•**>
5
:
14,<8,;
S.
86,92ft,
82,478
20,184
2,571)853
2,246,998
61-86
6425
15*99
*1.681
18,760
*1.940
S.
S.
40,990
29*702
19,911
11,478
22.417
13,304
s.
91,188
98,116
;
22.961
18,026
28,877
14,495
2,065,302
1.878,696
.54*29
51*45
January 13, 1873. J
15
This statement shows that the
receipts to-night are 18,536
bales more than
they were on the same day of the month In
1877, and 3,246 bales less than they were on the same
day Of
the month in 1876.
We add to the last table the
The above tAble shows that the
highest point of the market
was on. the 11th January, when
Middling Bowetda
were quoted 7d.
per lb. and Fair Dhollerah 5|d. per lb., and! the
dnring the year
1876.
lowest point the 17th
May, when they were quoted at 5 18-164.
percentages of and 4fd.
respectively. The average value of Middling Bo weds
total port receipts which had been received
January 11 in each has been 6 5*16d. and Fair Dhollerah 5 3-16d.
per lb.
of the years named.
Great Britain Cotton Movement fob 1877.—Below
we
give the imports, exports and stocks of cotton for Great Britain,
as published
by the Liverpool Cotton Brokers* Association in
their ahnnal circular. The
figures for previous years will be
found in the Chronicle,
January 30, 1877, page 67:
Sea Island
Description.
pool.
2,000,680
American
Brasil
Ac.
Wand
Total,
6,060
2,006,740
316,050
4,220
17,990
52,240
292,000
1,150
59,880
400,940
63,720
436
165
595
880
170
395
800
56,610
57.610
300
.3.054,660 143,430
3,198,090
408
816,060
287,780
1,150
Egyptian
Turkey, Ac
West India, Ac
.
ejsio
53,570
Surat
382,950
11,480
Bengal and Rangoon
1,000
Madras
Bahia and Maceioi.WV.W
Maranham...
Pounds.
52,148,250
,
331,590
.1,981,020
[>tian
cey, Ac...
4,680
.
350,550
.
.-
1,985,700
486
300,550
165
595
380
170
391
410
■
Bengal and Rangoon
276,640
1,090
3,440
43,280
306,620
40
30,180
230,080
1,990
43,320
336,800
2,959,200
38,340
2,997,540
.
.
.
57,840,750
804,680
1,610
51,450
496,220
131,688,800
1,229,720,950 3,095,070
EXPORT FROM GREAT BRITAIN.
104,450
12,230
22,380
.
.
Egyptian.
Turkey, Ac
.
30
West India, Ac.....
East India, Ac
8,420
**
r
,
^
®
■
116,450
12,220
22,380
486
165
595
50,772,200
2,017,950
30
380
170
378
11,400
2,272,900
15.120
103,178,880
378,180
109,560
10,900
9,610
13,316,100
220
'297,530
139,890
392
171,569,430
523,590
*0TH DBCBMBER BACH TEAR.
436
213,500
93,086,000
27?,910
165
81,360
5.174,400
73,090
595
94,640
56,810,800
105,100
110
880
41,800
80
170
17,no
3,010,700
14,520
213,500
31,360
94,646
110
.
West India, Ac
Snrat....-
1
V
Madras
Bengal and Rangoon)
*
Total.
16,010
31,930
13.S80
45,810
382
17,499.420
121,300
387,550
15,580
403,130
434
175,123,120
588,000
ESTIMATED STOCK HELD
American
Brazil
1,700
1877.
1876.
1875.
80,000
15,000
1874.
1878.
115,000
20,000
65,000
13,000
68,000
16,000
80,000
29,000
20,000
34,000
17,000
25,000
3,000
3,000
3,000
4,000
5,000
Madras....
V 15,000
Bengal and Rangoon)
27.000
20,000
20.000
20,000
Total............ 138,000
185,000
135,000
125,000
150,000
West India, Ac
Surat..
The
year:
1
weekly sales And prices have been as follows through the
“
8.
“
4*,420
15. 62,810
22. 44,460
Mar. 1., 69.08*
“
8. 56,5iO
$<
“
«*■
“
,15. 38,070
22. 54,040
29. 45,400
April 5. 80,500
12. 42,500
“
“
“
19. 53,150
26. 67,820
10.
17.
“
24.
“ 81.
Jane 7.
“
14.
21.
“
28.
“
-
“
“
12. 52,310
t». 57,430
26. 49,250
Aug. 2. 85,690
“
“
"
2. 31,460
16. 51,880
23. 87,220
80,890
0
3 793
4,943
4,482
6.360
62,930
44,540
H4,3G0
51,180
89,100
6.470
10 3*0
5,780
8,600
8,380
6,650
6,660
*
80. 66,630
7,370
6G.080
6,550 ‘62,970
6,030
55,380
4,680
40,870
4,870
35,830
8,190
6,C60
60,070
43,280
5,860
56.750
27. 78;940
Oct 4. 66,000
“
11. 69,640
"18.
45,870
*
25. 72,630
Nov. l. 40,750
2 A. 49,540
2 15* 80,510
•
:
«9.85o
29.
60,790
®6C. 6. 73,520
t
2 18. 58,880
f
20. 41,620
^ 87. 81,190
18.860
15.680
13,280
20.860
5,830
9,800
58,860
85,040
85,490
89,620
,
78.230
90,500
51,700
82,430
48,040
7.290
7,230
10.680
12,800
11,600
18,320
8,190
4,570
2,580
10-,585
P8,*5»
52,121
109,6U7
4.413
3.791
102,46*
176.074
2,781
3,701
5,484
5,656
5,848
6,156
8,415
4,844
54,405
53,991
109.195
50,880
59,800
78,930
63,060
47,870 10,605
61.460
8,142
48,140
9,889
61,830 15.083
74,870
7,548
84,100
5,189
53,950
5,774
58,970
4,165
50,890
5,801
5.740
86,770
71,190
-
2,860
3,400
8,624
4.138
3,489
4,224
4,438
8,936
5,109
5,434
6.414
7,083
5.897
6,379
6,874
7,089
5,074
5,955
7,605
5,894
82,150
72,090 6,649
86,840 5,518
66,520
6.898
46,190 13,059
23,720 2,804
115,182
138,455
106.1*63
151.59*
114 637
4,114
3,3*4
72,670
Sept
6. 54,890
4.470
*
18. 72,680 12,410
*
3,657
4,737
56,4-0
39,820 8,050
52,080 9.880
48,720 5,420
53,840 7,990
62,700 12,170
68,990 15,110
45,410 8,540
49,910
9,060
July 5. 44,650
6.9U
8,060
6,9*0 51.440
8,93*. 68,0»0
Import,
port.
10,330
May 8. 50,690 12,340
“
Prices.
Esti- Fair
Fair
mated Egyp- DholMid.
btock. turn. lerah. Bow’d8.
5 7-16
6 13-16
570.910
7
607,650
5*
649.100
613-16
5*
5 11-16
615-16
723,580
5 11-16 6 13-16
780,920
5 9-16
829,520
6X
,
ex-
15,926
57,870
26,298
47,466
41,685
77,916
54,615
30,207
59,006
86,619
78.604
5*
5*
848,980
893.280
937,440
1,073,490
1,070,190
l,073,3lu
1,096,850
1,123,980
1,091,310
112,796 1,144,630
84,967 1,124,400
69,075 1,143,060
86,067 1,168,900
73,879 1,190,1*0
33,126 1,154,890
24,522 1,109,160
29,106 1,064,140
*0,380 1,029,610
83,197 1,008,740
47,038 1,005,820
81.256
931,410
37,657
958,250
,89,117
944,500
82,079
936.860
16,271
918,180
14,939
877,080
11,47*
847,060
14,055
806.860
60.604
807,490
10,868
740,290
22,850
690,150
23,781
598,160
8,817
535.100
24,723
.
845,560
75,971
25,500
.
1.380
13,320
J. 31,930
80.510
1$
9,210
1,140
9,950
14,270
210,680
f
171,070
534,010
4,210
616,770
Shipm'ts this weak—, .—Shipments since Jan. l.->
Cen-
Great
Great
Britain, tinent. Total.
4,000
8,000
7,000
12,000
12,000
9,000 14,000 23,000
684,710
,—Receipts.—,
Con-
Britain, tinent
4,000
3,060
15,000
....
From the
This
since
week.r Jaa. 1.
Total.
7.000
15,000
....
24,000
55,000
28,000
19,000
17,000
483,830
447,530
425.280
405,800
897,780
371,850
378,610
360,970
312,190
806,000
837,940
887.550
foregoing
extent since
quoting 10f@10$c.
Butts
«X
6
5 5-16
5 5-16
5 8-16
9-16
6X
6*
1
>
The Exports
51-16
6*
6*
6*
5*
5
415-16
same
6
W
5%
513-16
513-16
4H-16
413-16
6*
5*
3-16
8-16
3-16
3-16
8-16
5*
6*
6 3-16
6 5-16
6 5-16
'
6X
65-16
6*
51-16
6
61-16
515-16
515-16
51-16
5*
5*
6 5-16
6*
53-16
5 3-16
5*
5
5
5
5
5-16
7-16
7-16
5-16
me
Dec.
19.
urrerpooi. • ••
Other British Ports
6,658
Total to Gt, Britain
6,658
•»••«••• ••••••
• r
• •
,
Dec.
Jan,
Jan.
.
26.
2.
9.
10,685
6,277
'
•
10,685
•
•
Bremen and Hanover
•
Hamburg
to N. Bar ope.
■paimOportoAGibraltarAc
136,*18
10,684
137,851
180,459
792
3,007
•
....
6X
7-16
6 7-16
650
•
•
•
• -•
•
•
.
••#“
•
79*
3,122
290
11.148
2,219
8,353
•.see
1,335
290
#.•••
as
•
6.658
•
•
*1,6*0
sees
• ess
•
•
MM
11,66*
4,973
116
• •
••
see*
903
m
e •
•
1,385
203
50
• V
see#.
Grand Total....
■
4,973
*
1,586
11,965
,
..:
■
see
8,848
2,631
*
a.'.
-
800
see
*00
• see
7,61*
11,766
162,600
187,597
The
following are the receipts of cotton at New York, Boston,
Philadelphia and Baltimore for the past week, and since Sept.
1, *77:
►
NEW YORK.
BOSTON.
RECE’Tfl FROM
This
week.
New Orleans..
Texas
6*
6
•
•
Spain, Ace..
Mobile..
Florida
6 9-16
6 7-16
6 5-16
•
see*
Other porta
Savannah
-
•
year.
178,816
7,143
....
74
.
1,585
•
6,277
e * •
to
date.
10,684
•
•
74
...
Total Franck
Total
Same
period
PW*!*
Total
SXFORTBP TO
6 7-16
5*
5 3-16
4
6
5
5 3-16
5 5-16
New York since Nst.!«
1877
WEEK BHDIMe
;‘ Total
5 1*16
51-16
51-16
Bzporto of Cotton(bales) Arons
Idlothers.
5
5
5
5
5
5
neriod of the previous year:
,
515-16
4 il-16
4 11-16
■
..
Cotton from New York this week show in
increase, as compared with last week, the total
11,766
bales, against 7,612 bales last week. Below we reaching
give our usual
table showing the exports of ootton from
New York, and their
direction, for each of the last four weeks; also the total exports
and direction since Sept. 1, 1877; and in the last
column the total
of
Havre
Other French ports
5*
ruling steady in price, with
are
a&ir
demand to be noted for spot
parcels, and there have been sales
here and in Boston of 1,500 bales at
2Kg2Jc., cash and to Ar¬
rive; about 600 bales have been taken at 2$c.,
currency, time, the
market closing steady at 2 13-16@2Jc.
for the
Specula- Total Actual
tion and tale* A
1877
Trade, export, forw’d.
Jan. 4 7',3.0 28 439
99,760
“
II. 98,150 4V70 14^,540
“
18. 60,-40 10,530
71,420
“
2i. 7 ,270 15.880
91,1^0
Feb. 1. 54,440 11.220
65,660
16,010
887,550
and forwarded.
To
the
84,860
80
15,480
..
Reported weekly sales
Date.
105,100
Gunny Bars, Bagging,
Ac.—Bagging has not moved to any
our last
report, the market still continuing to rule
very quiet.
There have been no large transactions, and
only
small lots are being taken; for
standard quality, holders are
272,960
STOCK IN PORTS OF GREAT BRITAIN
Egyptian
Turkey, Ac.
94,640
487,420
122,940
American
Brazil
64,030
10,610
101,940
63,960
17,180
9,000 15,000
*4,000
*6^00
it would appear that, compared with last
year, there has been a decrease of 5,000 bales in the week’s
ship*
ments from
Bombay to Europe, and that the total movement
since January 1 shows a decrease in
shipments of 8,000 bales,
compared witn the corresponding period of 1877.
4,950
13,370
150,020
.
Total
12,000
73,090
152,130
toslay, there have been 4,000 bales shipped from
Britain the past week, and 3,000 bales to ths Bombay to Great
Continent; while
the receipts at
Bombay dnring this week have been 24,000 balsa.
The movement since the 1st of
January is as follows. Theas are
the figures of W. Nicol A
Co., of Bombay, and are brought
down to Thursday, Jan. 10:
815^90
414,200
7,364,400
285,720
Bombay Shipments.—According to our cable
despatch received
1,926,870
166*647,600
1874.
81,380
8i,5
Total
1,306,213,790 3,583,480
865,765,200
1875.
251,910
110
Madras
69,790
589,030
167,410
19,2*0
17,283,000
j.
y
Peruvian
Surat
331,150
770
19,116,000
!!!*.!!’
Smyrna and Greek
West India, Ac
874,938,640 2,074,520
173,740,000
487,000
10,179,600
158,371,300
r[ 213,500 .*
Egyptian..
1876.
CONSUMPTION OF GREAT BRITAIN
American
.....V....;..
Pernam, Ac..
Average
weight.
1876.
10,110
Mobile
New Orleans.
-1877.-
London,
1877.
...
Algerine Island
IMPORTS INTO GREAT BRITAIN.
Liver-
»
STOCK IN LIVERPOOL AT CLOSE
OF PAST THREE TEARS.
.....
Since
Sept 1.
•
•
•
•
Virginia
Tennessee, Ac
4,445
Nonh'm Ports
Foreign..
«...
This Since
week. Septl.
This
8ince
week.
Septl.
‘
BALTIMORE.
This Since
week.
Septl
.i
4,105
2,826
9,565
1,837
4,130
1,853
4,758
S*th Carolina
CCth Carolina.
PHILADELP’lA
407
•
•
•
*
83,828
37,986
99,527
•
•
•
8,420
77,152
29,791
113,098
9,320
44,137
2,493
1
-
see*
•
% »
•
4,io2
•
* •
•
•
• •
•
•
19.065
•e as •'
•
•
•
•
•••
• ••*
•
eso
•
•
•
•
•
•
4,461 86,227
4,013 47,165
8,268 51,288
\Jc
•
•
•
•
•
•
•
•
• •
•
•
•
•
•
• • • •
•
»
• •
•
*
•
•
•
•
.
• ••-*
•
••
37,817
*•••
•
•
•••
k...
9.685
590
11,679
1,384 26.326
•
1,798 12,725
•
'ywen
S*
•
;i87
•
•
see*
-
j
*
• • • •
629
see •
•
14,235
see*
....
••*
M*»
•••
• • • •
robs
....
3J500
•
ss»
IU
6
Tetal this year
33,241
501,247
16,742 158,426
*,448 86,960
2,061 90,037
ex
Total last year.
22,035
595,163
18,632 144,823
1,086 30,233
1,225 77,024
7-18
.
CHRONItlLE
46
»i.
News.—The export* of cotton from the
States the past week, as per latent mail returns, hare
United
Shipping
reached
Bo 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
Bight of this week.
Total bales.
128,408 bales.
the same
are
NSW York—To Liverpool, per steamers City of New York. 1.288
...
Monday.
Jan. delivery, 5*d.
Jan.-^eb. delivery, 6Yd.
Feo.-Mar. delivery, 6 9-32@*d.
Eng¬
City of Montreal, 2,098—Republic, 670.. .Montana,
land, 1,368
816
Parthia, 2.6P8
Memnou, 1,651.
'10,684
To Havre, per steamer Amerique, 192
792
..
To Bremen, per steamer
290
Donau, 290
NSW Orleans—To Liverpool, per steamer Tiara, 2,668
To Havre, per ships Walter D. Wallet.,5,132..,.Lennie
2,668
Burrill, 5,044
—.
14,772
barks Livingstone, 1.618
Vauban, 2,978
To Dunkirk, France, per steamer Ben Nevis, 551
„ 551
To Bremen, per ship Annie Goudey, 4,349.... per bark Bonito, 161..
4,5! 0
To Genoa, per bartc Pentida. 2.883
2,388
...
[Vol. XXVI.
r.-May. delivery, 6 6-lfld.
June-July delivery, 6 *d.
ec. shipments, new crop,sail, 6 9-82d.
Mar.-Apr. delivery, 6*d.
5,639....Importer,
10,704
2,000
1,600
6,045
To Bremen, per
bark Crescent, 2,0 0
Charleston—To Cork for orders, per bark Tonni, 1,600 Upland
lo Havre, per barks Geo. Peabody, 2,610 Upland and 86 Sea
Telemacb, 2.170 Upland....
Island
4,906
bark Heleingor, 2,040 Upland
2,040
Savannah—To Liverpool, per ships Ardmore, 4,019 Upland....Alfred,
4,817 Upland
per barks Graham’s Polly, 2,219 Upland and 100
Sea Island..., James Ken way, 1,945 Upland
....
12,600
To Havre, per bark Arcadia, 2.958 Upland
2.459
To Amsterdam, per bark Lara, 3,506 Upland
8,508
To a port in Spain, per barks G. J. Babe, 250 Upland....Maria, 80
Upland
330
Gottenburg,
per
.
TlXAS—To Liverpool per
ships S. Vaughan, 3,200... Edith Troop, 3,996
per barks Minnie Carroll, 1,646 and 8 sacks Sea Island.... Col¬
bert, 2,856
11,901
To Havre, per bark 8arah Douglass. 1,714
1,734
Wilmington—To Liverpool, per barks Vouvarts, 1,206
North
Carolina, 1,917
r.
8,125
To Cork, Falmouth or Plymouth for orders, per bark Providentia,
800
800
To Queenstown or Falmouth for orders per brig Freidig, 280
580
To Amcterdam, per bark Friedrich, 1,893....
1,393
To Antwerp, per bark Star of Hope. 688
; ...
888
Nobtolk—To Liverpool per steamers Redenater, 3,162 — Autocrat,
delivery, 6*d.
Feb.-Mar. delivery, 6*d.
Mar.-Apr. delivery, 6 9-32d.
Apr.-May delivery, 6 5-16d.
May-June delivery, 6 ll-32d.
6 9 32d.
40)
1,800
Boston—To Liverpool, per steamers Illyrian, 2,196
Minnesota, 2,264 4,460
Philadelphia—To Liverpool, per steamer Pennsylvania, 184
184
....123,403
Total...
these shipments, arranged in oar usual form,
The particulars of
ire as
follows:
Cork,
Liverpool.
June-July delivery, 6*d.
Wednesday.
I Jan.
New York...10,*84
N.Orlean*... 2.668
Mobile
10,704
Charleston
»
9
•
•
•
11.901
•
•
•
•
•
•
•
•
•
•
•
•
2,458
•
.
•
•
•
•
1,734
•
184
•
•
•
«
•
•
*
....
2,010
3,503
•
•
•
•
•
•
•
•
....
•
1,300
•
....
13,685
6,786'
•
•
*
•
•
•
•
•
.
....
19,847
1,700
4,460
184
——-■
—
—
5.789
8,100
9,980 25,213
Total...76,573
iC,GfiU
....
....
....
8,546
....
,,,,
« •• •
•
11,766
24>F4
12,704
....
OOVJ
2,28*1
....
....
•
*
4,9(6
1,8£0
Norfolk
19,847
Baltimore...
400
Boston
4,460
•
....
2,383
4,510
2,000
15,823
1,600
Wilmingt’n. 3,125
Philadelp’a.
•
-
Savannah...12,600
Texas
•
■'*
830
2,040
2,383 123,408
Below we give all news received to date of disasters to ves¬
sels carrying cotton from United States ports, dec.:
Avjrj. gtr.
(Br.), Ellis. at Liverpool Jan. 6th frem New Orleans, lost some of
her rigging and was slightly damaged by a collision with another
vessel*
.
Thursday.
Apr.-May delivery, 6*d.
June-July delivery. 615-S2d.
Jan.-Feb. shipment, new crop, sail,
6*d.
Feb.-Mar. delivery, 6 l!-32d.
LIVERPOOL, January 11—4:00 P.M.—-By Gable from Liver
POOL.—Estimated sales of the day were 10,000 bales, of which
were' for export
were American.
and speculation. Of to-day's sales
The weekly movement is given as
follows:
Dec. 21.
Dec. 28.
37,000
9.000
24,000
20,000
4.000
13,000
4,0C0
l.OX)
888,009
2,000
400
3,000
1 0QC
386,U00
174,000
214.000
411.000
837,000
74,000
80,000
55,000
57,000
bales.
Sales of the week
Forwarded
Selea American
of which exporters took
speculators took
Total stock
of which American
Total import of the week
of which American
Actual export
Amount afloat
of Which American
87,000
.....
67,000
13,000
257,000
240,000
-
3,000
877,000
'257,000
^
Jan. 4.
* Jan. !l.
44,000
' 60,000
9,000
8.000
30,000
41,0(0
6,000
1.000
385,000
*
218,000
87,000
28,000
6,000
318,000
333,000
5.000
2S7.000
*260.000
Ikefollowing table will show the daily closing prlcee of cotton for the week
JBbcL
Satur.
Mon.
Tuea.
Wednea.
Thnrs.
Fn.
Mid. UpTds... ..@6*
..@8*
..@6*
..@6*
..@8*
..@6*
©5 9-16 ..@6 9-16 ..@5 8-13 ..@6 9-16 ..@6 9-16..@6 9-16
JWursr.
These sales are on the basis of
Wise stated.
Jan .-Feb.
delivery, 6 9-82d.
Mar.-Apr. deliv’ry, 6 5-ltkl.
Apr.-May delivery, 6 U-Md.
6tfd.
Dec.-shipment, new crop, sail, 6*d.
Friday.
Jan.
Jan.-Feb.
delivery, 6 11-324.
Uplands, Low Middling
*’
new crop,
sail..
Mar.-Apr. delivery, 6*d.
Apr.-May delivery, 6 13-82d.
May-June delivery, 6 7-16d.
July-Aug. delivery. 6Yd.
Dec. shipment, new crop, sail, 6*d.
Cotton
shipment,
6 13-*2d.*
Mar.-April delivery. 6 ll-32d.
Api.-May delivery, 6*d.
freights the past week have been as follows i
•—•
Sail.
d.
Hamburg
«—Havre.-—* ,—Bremen.—*
Sail.
Steam. SaiL Steam.
-Liverpool.—
Steam.
d.
c.
Vt(%X
*®*
*@*
*@*
*@tf
*@*
24
24
X
X
X
Steam.
c.
c.
c.
Saturday. — ®* —®*cp. -@11-16 cp.
Monday.. —
—aX cp. —@tl-!8 cp.
Tuesday. —®* —@* cp. -@11-16 cp.
—@* cp. 11-1*@Y cp.
Wed’day. —
TbuPdy.. —@* —@Y cp. 11-16®* cp.
X comp 11 16 cp.
Friday... —®*
Sail,
c.
c.
cp.
—cp.
—@* cp.
cp.
—cp.
cp
—@Y cp.
cp.
cp.
cp.
X cp.
X comp.
correspondent in London, writing under the date of Dec..
29, 1877, states:
clause, unless
■
Saturday.
I Jan. delivery, 6 9-32d.
Feb.-Mar. delivery, 6 9-S2d.
other
prices of
Liverpool. Dec. 27.—The following are the current
American cotton compared with those of last year:
Fr.AG.Fr.—* ■—G. A Fine—* Mid.
/—Ord.A Mid—*
Sea Island ..16
Florida uo.. 13
Ord.
Upland....
Mobile.
.ft*
Texas.... 6
Orleans... .6
..
*
17*
14*
G.O.
6 l-!6
6*
6 8-16
19 '
20
22
16*
17*
18*
..
Mid.F.
Fair. Good.
18
19*
16
17
19
G.M.
M.F.
6 13-16 7
6 13-16 7
Mid.
L.M.
Mid.
G.M.
6*
ex
6*
6
fa-16
6 7-16
6*
7-16
6 9-16
6 H-16 6 13-16 644
’ 6 15-16 6 11- ■18 6*
6*
6 13-16 7*
6 18-16 7
6
6*
.26
6*
6*
6%
38
♦
7*
7 1-16
Since the commencement of
the year the transactions on
speculation and for export have been :
/-Actual exp. from
.—Taken
Philadelphia.
MhLOri’ns
Mar.-Apr. delivery, 6*d.
Apr.-May delivery. 6 l8-32d.
May-June delivery, 6 18-32®7*16d.
June-July delivery, 6*d.
Dec. shipment, new crop, sail, 6 ll-32di
Jan.-Feb. shipment, new crop, sail,
Jan. delivery, 6 11-32® 5-16d.
Feb.-Mar. delivery, 6 5-16d.
Mar.-Apr. deli very,. 6 ll-62d.
_
Huntsville. Schr. Reindeer, Howard, at Providence from Virginia, reports
that about 6 A. M. of Dec. 20, some 25 mile-*S.W. of Baruegat, fell in
with the burning and abandoned steamer Huntsville, which sank about
noon of that day, as previously published.
Captain Howard secured *26
bales of the steamer’s cotton, and brought 24 bales to port, having lost
two bales on the passage.
Sunda, ship (Dutch), from Norfolk for Liverpool, before reported, was seen
Dec 4th, lat. 38*48, loDg. 56*48, one mass of flame.
Several vessels were
in sight at the time.
Piter Borland, bark.(584 tons, of Barth), Prohn, frem Savannah November
85, with 1,950 bales cotten for Bremen, was driven ashore on the island
of Terschelling January 1 and broke op. Crew saved.
I he cargo was
floating along the shore. It was valned at $146,736. Part of the cargo
was being saved January 7.
Elizabeth Edwards., schr., from New Orleans for Providence, ashore on Flat
Beach, L. I., broke up dur ng the last gale.
Teams are at work pick¬
ing up the cotton and carting to the bay side for shipment.
of which
I Mar.-Apr. delivery, « 5-16d.
May-June delivery. 6*d.
June-July delivery, 6 15-324.
Mar.-Apr. delivery, 6 9-82d.
Apr.-May delivery. 6 5-lbd.
Dec. shipm’te.new crop, sail, 6 9-32d.
Equator, str., from Charleston Dec. 31 for Philadelphia, was towed back 4th
instant to the former port, with shaft broken, by steamer Virginia, from
1,000 bales
6,750 bales
delivery. 6 9-32d.
I Feb.-Mar. delivery, 6 9-82d.
| Jan. delivery, « 516d.
our
Got-
Ac. Brera’n,
2)0
792
Ac.
sail,
crop,
new
6 5-16d.
European Cotton Markets.—In reference to these markets
Amster¬
dam and
Havre,
shipm’t,
Jan-Feb.
Jan. deMvery, 6*d.
Feb. delivery, 6 9-32<L\
Jan.-Feb. delivery, 6*d.
19,847
Baltimore—To Liverpool, per steamer Caspian 400
To Bremen, per steamers Hannover, 1,300
-
Dec. shipments, new crop,sail, 6 9-83d»
Dec.-Jan. shipment, new crop, sail,.
Jan.-F»*b.
....
8;125..._j)er ships Baring Brothers. 7,820—Florence, 5,800
•
Tuesday.
....
To
ll-82d.
6
Mar.-Apr. shipm’t, sail, 6*d.
May-June delivery, 6 5-164.
Jan. delivery. 6*d.
per
Mobil*—To Liverpool, per ships City of Brooklyn,
Apr.-May delivery, 9-31d.
May-June delivery, 6 l!-32d.
Feb.-Mar. shipment, new crop, •a.
on
spec, to
Actual
LivM Hull A other exp’tfrom
U.K.in
outports to date—*
this date-*
1877.
bales.
1876.
bales.
1875.
bales.
1877.
bales.
1876.
bales.
American..... 152,410
Brazilian
?6,ni0
195,160
83,140
20*,300
104,447
5.730
12,2°3
96.971
10,902
Egyptian, Ac. 33,890
W. India, Ac. 1,800
B. India, Ac. 63,180
35,000
19,140
MM)
1.980
22.409
8.4’9
9,882
9,084
133,690
105,950
150,022
205,277
109,560'
10,900’
9,830
15,130
378,180
287,290
3S9,270
840.1CO
297,530
332,065
528,590*
Total.
*
.
1878.
bales.
BRE ADSTUPPS.
Friday. P. M.. Jan. 11, 1878.
nearly uniform depression in the market for
throughout the past week, under reports of an
armistice between Russia and Turkey.
1
*
The demand for flour has been limited; except on Monday,
when there was a good business in the better grades of shipping
extras, from $5 50 to $6 00, the latter for straight Minnesota
brands taken for London; bat general trade was quiet, and in
the past few days, under rumors of approaching peace between
Russia and Turkey, prices have had a downward tendency.
Production is comparatively large for the season. To-day, there
was at the decline a fairly active market, closing steadier.
The wheat market has been giving way from day to day in
prices for lots on the spot as well as for future delivery.. Th®
depression has been caused by tn absence of export demand
and some weakening of the confidence of holders, in view of the
early termination of the war in Eastern Europe. Besides this,
some very extravagant estimates of the surplus which may be
spared to Europe by the United States have been put forth by
the Agricultural Bureau at Washington which have had their
effect upon specnlation. Receipts at the Western markets-are
There has been
bread stuffs
.
\
January
•
)$, 1878.
small, though somewhat in excess of last year. To-day, the mar¬
ket was steadier, with a fair demand.
^
.
.
^
Indian
shows
com
material decline in
a
primo old
This Visible
corn,
while
ether qualities have brought about
nearly full prices, although
in but moderate demand
No. 2 mixed sold on
[V
•
Steamer mixed
noon.
on
The
*
.
.
following
are
closing quotations:
PLOUB.
Ho.
I
VMbbL $3 00® 4 09
Saperflne State & Western
Extra State, Ac....
Western Spring Wheat
extras..
do XX and XXX
do winter X and XX..
do Minnesota patents..
City shipping extras.....
City trade and family
4 50® 5 CO
5 25® 5 40
5 20® 5 50
5 75 a 6 85
5 25® 6 85
6 50® 0 00
5
25® 6 25
brands
6 40® 6 65
Southern bakers' and fa¬
mily orands
6 00® 7 25
shipp’g extras.. 5
Southernshipp’gextras..
8
Rye flour, superfine
Oornmeal—Western, Ac. 2
“
9
'
Coen meal—Br’wine. Ac.
QBilN.
| Wheat—No.3spring,bush
40® 5 85
No. 3 spring
No. 1 spring
Bed Winter
Amber do..
White
l
Corn—West’nmixed ...',
Yellow Western, old...
Southern, yellow, new..
Rye.....
Oats—Mixed
White
Barley—Canada West...
State, 2-rowed
State. 4-rowed
50® 4 10 Barley Malt—State
85® 8 00
Canadian....
8 20® 8 25 i Peas-CanadaubondAfree
.
The movement in breads tuffs
lows :
r—BBGXEPTS AT NSW YORK.
at
...
48® 1 52
58®
63
84
63®
57®
59
76
72®
8734a 8934
S8J4®
42
85® 1 00
68®
73
78®
83
65®
85
1 00® 1 10
85® 1 00
this market has been
fol¬
as
-BXPORTB FROM JTBW TOBX.10.
1
*
bush.
’ 3.400
703,592
1,644,149
530,900
25,177
523,700
-
176,514
775.uOO
144,000
60,930
220,824
'
Total
Dec.
Dec.
Dec.
Dec.
Jan.
Oats,
-
29.1877,.
bush.
14,700
871,234
791,412
bush.
230,970
5,600
11,000
...
15, 1877
8, 1877
7, 1876
-
Ry«v
bush.
913,898
266,632
443.600
55,303
287,518
85,634
637,844
93,1a
355.600 71,500
107,600
50,870
....
189,900
10,074
151,700
255,000
38,000
257,937
138,150
516,633
203.791
1,790
121,421
177,000 1,271,000
11,833
14,254
24,219
61,200
181,433
87,099
579,471 1,047,114
703,582
157,857
250,000
150,000
14,200
17,509
480.000
31,060
31,079
198,3*5
45,713
45,198
8,050
369,311
9,388
•
6;400
‘480
17,000
12,932
4,2*1
7,220
1.394
••«
6,339
37,*68
6,649
8,196
...
69,489
-
80,007
925,000
1,121
4,467,962
703,870
650,000
9,691.790
6,129,232 8,686,085
6,009,796 3,351,452
.....10,540.117 6,952,763 8,535.366
10.272,269 5,888,651 3,705,473
10,397,158 5,424.171 8,578,267
17,489,599 3,859,950 8,211,275
10,191,121
22, 1877
Barley,
2,586,715 1,059,009 1,637.985
In store at Philadelphia*
In store at Peoria
•
In store at Indianapolis.
In store at Kansas City.......
In store at Baltimore
Rail shipments, week
Eat, afloat in New York ......
$1 23® 1 23
1 80$'1 83
1 38® l 38
1 85® 1 42
1 40® 1 44
Corn, ~
bush.
In store at New York
In store at Albany
In store at Buffalo.
In store at Chicago
In store at Milwaukee
In store at Duluth
In store at Toledo
In .store at Detroit
Instore at Oswego*
In store at St. Louis
In store at Boston
In store at Toronto.
In store at Montreal
(new) at 55@55£c., on the spot. Yesterday, there was a further
decline to 56£c. for steamer mixed,
January, and 53@53ic. for
No. 8. To-day, there was a recovery of $c. for No. 8 and steamer
white.
Grain, comprising the stocks in
.
the spot sold at 58c., and No. 3 do.
mixed, but No. 2 mixed was nominal.
Bye and barley have been dull, drooping and unsettled.
Oats were dull, prices giving
way slightly, the market closing
firm, with No. 2 graded quoted at 38ic. for mixed and 39*0. for
of.
Wheat,
Wednesday at
January, but dropped to 60|c. for February in the after¬
83c. for
Supply
granary at the principal points of accumulation at lake and
seaboard ports, and in transit on the Lakes, the New York canals
and by rail, Jan. 5, 1878, was as follows:
1
i.r,
»o. zl
4.548,000 678,867
4.556,689 660,889
4.665,710 630,649
4,701,757 688,072
2,863,533
640,091
Estimated.
THE DRY GOODS TRADE.
Friday, P. M., Jan. 11,1878.
.
There has been
a
continued slow movement in both
foreign
and domestic
dry goods during the past week; transactions were
light with package houses and jobbers alike. Accounts from
some
of the Western States
are
still
unsatisfactory, and indicate
that the
muddy condition of the roads has caused a serious inter¬
ruption to basin ess and collections. California and Texas buyers
101,114 ’ 101,114
48,113
47,039
47,039 12,531
12,531
C. meal, **
8,733
2.671
8,783
8:729
3.729
1.335
1,335 have been operating a little more freely in some descriptions of
Wheat, bui 885,050
885,050
82,750
704.757
704.757 243.846
243,646
213,026
213,026
Corn, **
215.592
320,123
320.123 42,295
42.295 spring goods, bat very few Western and Southern buyers have as
Bye,
**
8,848
8,648
12,107
27,587
27,587
7,984
7,984 yet reached the market.
Values of the most staple fabrics are
122,871
122,871
60.589
Barley. **
54,250
54,250
Oats....**
58,531
58,581
without
material
129,273
1,298
300
300
1,298
change, and the market, though very quiet, has
The following tables show the Grain In sight and the move¬ presented a steady undertone, with a tendency toward
higher
ment of Breadstuff's to the latest mail dates:
figures on a few makes of colored cottons that are in compara¬
RECEIPTS AT LAKE AND RIVER FORTS FOB THE WEEK ENDING
tively small supply.
JAN. 5, 1878, FROM DBCBMBBR 31 TO JAN.
5, AND FROM
; Domestic Cotton Goods.—The exports of domestics from
AUG. 1 TO JAN. 5.
this port for the week ending January 8 were 601 packages, 17S
Flour, Wheat,
bbls.
bush.
bush!
bush! ^JoshT’ buah! of which were sent to Great Britain, 152 to United States of
At—
(196 lbs.) (60 lbs.)
Chicago...
84,936
416,121
60,280
81,020 *4m407
50,407 (568R9ftl
8,890 Colombia, 100 to Venezuela, 71 to Brazil£34 to Africa, and the
Milwaukee.
38,218
149,165
14.7G4
12,275
remainder in unimportant lots to other markets. Brown sheet¬
20,460
5,986
Toledo
34*
112,613
92,937
10,065
Detroit.
5,922
117,079
3,063
7,069
ings and drills were in moderate demand, and leading four-yard
7,733
Cleveland..
800
*1,378
17.500
850
4,200
400
makes and fine browns are closely sold up to production.
St. Louis
8,992
36,896
24,643
104,150
11,710
11,339
Peoria..
1,030
4,000
4a, 250
11,000
6,300
2,650 Bleached shirtings ruled quiet, and wide sheetings were in light
Duluth.
demand. Denims, dyed ducks and tickings were in moderate
Total.
90,818
836,794
338.902
150,277
97,460
29,265
Previous week
request by jobbers and converters, and some makes were ad¬
109,932
771.747
430,388
147,152 153,707
25,054
Corresp’n? week.’77. 100,938
635,569 1.231.199
263,593 109,442
50.639 vanced from £c. to |c. per yard.
Corset jeans remained quiet
.**
*76..
86,744
687,304
649,425
235,088 1*0,849
20,296
but firm, and there was only a limited inquiry for cheviots and
Tot Dec. 81 to Jsn.6. 90,818
836,704
833.902
150,277
97,460
29,265
For the
week.
Since
Jan. 1.
time
1877.
For the
week.
\
Since
Jan. 1.
For the
week.
Since
Jan. 1.
r
J
-
*'
p
Same time 1877
Same time 1878
535,569
637,304
1.281.199
260,596 109,442
50,889
649,429
235.088
120,849
20,296
1875
920,072
773,375
260,790 120,358
27,936
to Jan. 5.2,964,507 44,821,995 35.428,518 12,661,834 6,586*320 2.056, 102
1877.
.2,744,120 29,980,572 89,381,100 11,318,866 6,077,29* 1,833.173
1876
2.298,187 39,623.644 20,875,745 14,741,531 4,790,415 1,809,163
1875
2,720,843 86,300,819 20,257,185 12,303,207 4,419,780 731,005
Berne time
TotAug. 1
Same time
Same time
Same time
•
100,983
86,744
83,818
..
Estimated.
RIVER
PORTS
LAKE
FOR THB WEEK ENDED JAN.
AND FROM DEC. 81 TO JAN. 5.
Flour,
bbls.
Jan. 5, 1878
89,147
Dec. 29, 1S77
116.302
Cor. week ’77
95,819
Cor. week ’76...
96.876
Cor. week *75..
69,57*
Cor. week*74........
98,272
Tot Dec. 31 to Jan.5.
89,147
Same time 1877
95,319
Same time 1876.
96.876
flame time 1875
69,572
OF
Wheat,
Corn
5,
bush.
bosh.
bnsh.
Oats,
Parley,
703,582
655,054
145,683
157,857
273,643
550,015
611,465
210.578
310.453
69,489
60,007
235,061
113.749
333,824
708,55*
145,683
285,061
143.749
bush.
69.236
128,750
136.909
192.236
101,278
125,817
80,109
'
611,465
69,489
1*8,750
138.909
210.579
64,404
45,436
45,802
80,007
80,109
64,404
192,236
45,436
157,857
550,015
11,M7
16,091
FLOUR AND GRAIN AT SEABOARD PORTS FOR
THB
5, 1878, AND FROM DEC. 29 TO JAN. 5.
Flour,
.
wASr
New York
bbls.
92,400
38,6*3
6,000
Boeton
gwtland............
?£®?i^®al •»,•••••••5,543
JWJadelphia
16.405’
Baltimore..
9,983
New Orleans
Previous week
10,753
....
Oar.week’77........
Dec. 29to Jan.5....
Same time 1877......
Same time 1876......
Same time 1875......
quiet and a fraction lower, extra
being quoted at 8fc., cash, to 3fc., thirty days ; standards
at 3fc., cash, and 56x60s at 3£c., cash.
Prints and ginghams
were in light demand, but cotton hosiery was
delivered on
Wheat,
bush.
771,450
Corn,
49,590
bush.
169,048
161,0C0
1,500
1,200
29,200
503,509
15,370
161,000
25,750
410,009
193,267
179,712 2,058,560 2.446.324
916,298
864,587 2,265,998
80.817
152,355 1,049,020
179.912 1,056,560 1.446.324
80,917
152,355 1,049,020
200,475
287,983 1,262,770
151,119
317,371
959,557
Oats,
-
bash.
60,542
32,350
950
24,500
3,000
22,05*
Bariey,
bnsh.
were
64x64s
account of orders to
fair aggregate amount.
Woolen Goods.—Men’s-Wtear woolens
a
only
Special styles of light weight fancy cassi*
meres were distributed in fair quantities to the
clothing trade,
but the general movement was slow. Worsted coatings were
Rye
bnsh. less active, and cotton warp worsteds remained dull and unset1.121
tied. There was some inquiry for heavy cassimeres, but few
5,544
38.687 transactions occurred because of the extremely low prices
11.517;]
16,091 offered by intending buyers. Overcoatings, cloths, doeskins, and
7,600
cloakings were severally in light request, and sales of Kentucky
l,12t
83.687 jeans and satinets were not so large as anticipated. For flannels
AND
WEEK ENDED JAN.
Total.......
Print cloths
Domestic
SHIPMENTS OF FLOUR AND GRAIN FROM WESTERN
RBOSIFTS
cottonades.
Bye,
65,083
bosh.
-5,664
29,534
400
3,000
13,500
1,500
148.394
190,483
164,709
143.394
164,759
283,164
111,122
217,097
29,280
111,122
*9,280
17,024
7,584
17,024
82,708
11,890
257,619
6,000
8,278
7.5S4
23,784
were
in moderate demand.
and blankets there
was a mere
and skirts remained
hand-to-mouth demand.- Shawls
quiet, and worsted dress goods
were
dull,
aside from black
ment—revised
agents.
alpacas, in which there was a very fair move¬
prices having been made by some of the leading
*
Foreign Dry Goods.—There
light demand for
foreign goods at first hands, and the jobbing trade continued
quiet. Hamburg embroideries and a few special styles of white
goods were taken in moderate parcels by manufacturers who are
about making preparations for the spring trade; but linen goods
ruled quiet, and dress goods, silks, hosiery, &c., were devoid of
animation, in which condition they will probably remain until
importers are prepared to open their new goods for the coming
season.
was
a
very
'^1
difcxm
THE CHRONICLE
48
toMtt tflMilatUlclM lr*a R*»|nt. f
The following table, compiled from Custom House returns.
the week
.howe the experts of le^ln**rtlelee feom the eortofKew Ter?
Jan. 10, 1878, and for Ilia corresponding week* of 1877 and | to all the
principal foreign countries since Jan. 1; 1878, Hie
totals for the last week, and also the totals since Jan. 1,1878
1870, have been as follows:
and 1877. The last two lines show total valves, including the
nmnpram'oasstmrrxas son n wnx mn« jan. 10, 1878.
1878
.——1877
| Talas of all other articles besides those mentioned in the table.
'
__
,
I
I
UM*iMtMH»rBrr«M4i.
.
The importations of dry goods at thii part tot
4.
..
.
ml
,
Pkgs.
Pkgs. Value.
Manufactures ofwool.... 636
$306,279
do
678,910
-cotton..2,192
Fkss. Value.
Valne.
645
$220,748
487
1,255
405,503
1,854
894
469
325.857
501
966
419,052
193,711
116,926
1.868
118,796
83,497
1,000
Miscellaneous dry goods. 047
’
'
silk
liax
do
do
Total..
538
:
419,815
812,588!
213,171
124,494
|
4,171 $1,334,069
4,478 $1,148,318
4,978 $1,721,678
-
671
$259,021
Vffmuwx nOM WABIHOOBI AMD thbowx imto tu maakut bubdio ths
SAMS riKIOB.
Manufactures of wool..
*'*'*
do
i
cottpn
*
..
..
.;
..
B.
875
408
$168,209
153,597
Ill
489
745
186,812
224
848
106
477
517
-
181.298
82,268
$621,679
Total...
2,128
Add ant’d for oonsumpt’n 4,973
1,721,878
Total thrown upon m’k’t. 7,101 $2,848^57
SOI
319
127
471
$123,873
188,049 1
112,471 1
23,566
105
15,492
$508,417
1.672
4.478
1 H
$90,063
164.291
121,300
99,382
1,818
4,171
1.148,818
6.145 $1,653,240
91.381
•
2 mM
5*1'
J £2*
$476,269
•
•
1,884,089]
•
•
*
<5
"T
•
•
O
•
.lQ*-
^
T*
«»0®
5,487 $1,810,853
nmiB von wanuHousixe nomine • am* fihoo.
Manefaeturesof wool....
526
do
cotton.. 894
do '
Silk..... 168
do
flax
617
Miscellaneous dry goods. 342
$259,742
2,447
$895,600
add ent’dforconsusipt*n 4,978
1,721,878
$140,689
$116,855
170,491
86,878
248,416
160,066
161,981
118.879
85,298
112,877!
108,971
88,187
50,458
61,083
jgi i : :
1.698
$518,832
4,473
6,992
4,171
1,148.818
:2 i
: :
.:5 .:«2
‘
:
|5" *
>S
:■
.
.
q
»
.f.
.
•
•
’
•
•
•
•
•
.....
.
•
....
$518,821
1,881,069
3
:
:»3 :S-gS§asS“* |f
• *
«f*8S
: :
o
•U<
Total...
Ka
:«3S^
s
«w
op
«w®
C6
'.
.©>
**••«...
.&
.Jo
•
CD*
•
~
...
>ia *4 •
O -r • •
M ...
...
•
......
•
■*
•
•
>«9
$2,617,478 6.101 $1,662,145
Imports of Leasing Articles.
.
•:
•
.
B :
:
g*
«
Total entered at the port 7,420
9
S'
11,163 $1,852,410
e
•
•
•
following table, compiled from Custom House returns,
foreign imports of leading articles at this port since
January 1, 1878 and for the same period in 1877:
[The quantity is given in packages when not otherwise specified.]
Ths
shews the
*
Same
Jan.l,*7E time 1877
Since
Same
Jan.l ,’78 time 1877
Since
Metals, Ac.—
Cutlery
d
mm
China........
Earthenware.
■*v
869
.
Glass..,. «•»•*..
Glassware
Glass plate.....
8,256
88€
219
"
.
Bnttons
Coal,tons..
MSI
_
• •
•
Ooeoa bags..
.
!
•
•
•
•
•
•
Madder A Ext<
Oil. Olive
128
•
• ♦ • •
•
•
....
•
•
•
•
•
•
Bristles.........
Hides, dressed..
India rubber
Ivory.
Jewelry, Ac.—
•
•
•
•
• •
4
.
t
$
38,009
12,9*0
I
1
29,560
1
Lemons
6,951
87,964
53,813
51,086
199,021
.
Oranges.
Nuts.
Raisins...
2,800 E
8.268
10 £
98
748
87
13
30
8
6,500
1,73*1
$
22,745
3,072
12,278
2,095
Ua*
3*gl*
1,097
] 4 j
•
21.100
Logwood
7,841
Com.
Oats
.*•
...
Rye........
BarleyA malt*
Grass seed...bi
152,671
3,0S7
2,767
7,648
8,784
50,264
•
•
•
108
Bosin
"
ffep
1^40
11,202
U
716
“
18,200
30,714
82,261
4,936
1,262
80,440
Lard
15,148
Spirits tuip “
•
^
818
918
3,190
**
83,662 £
15,670
“
"
6,415
95
M
85,884
....
£
5,686 1
....
••••••
3,797
540
898
kegs.
e
•
♦
•
' •
•
•
•
•
••*•*•
•
•SsJB
*8 •••••••••
:«Si
if::
•:
:
: :
i£ MS
:
: :
•
•
•
•
••
.
:
M i
:
MS
*
e
•
e
«
:® : : :
S,: •
y:
:8S :s f j I if : : : :* .* :
9* • -tfrf '*
.5
. .
t
:8gg :«9 :SSS :®S®
: "g :"2 -ii* SSs
! *«!'!
* :SIiI :fi|o
' s'#!
* **■’*
?
3
•
•
: :
‘o? • * *«f * * • *
•
•
•
•
:*7©
*
* • V
**o
....
1,664
8,561
1,604
15,285
691
1,517
6,125
475
737
ewe'
l’,086
nr
hhds.
40
low
pkgs.
2,011
1.599
2,290
2.666
...bales.
3,441
1,419
1,6731
4,178
7
sotrs
*•* V ' * gTo
15,322
2,725
81,485
5,835
•
204
1,188 \
8.759 1
818 I
e
e
6,614
7,637
Beef
Leather
sides.
Molasses.
hhds.
Molasses
bbls.
Naval Stores—
Crude turp..bbl*.
eooe
pk
Lard.......
125,512
4,096
Hides.........No.
Hope....... bales.
534
e
:S : : : :8
60,556
6,741
3,484
7,016
3.671
91 :
89,15» £
1,067 £
“
Hemp
*
1
*
..bbla
Cheese
Cntmeats..
* w*A
•
399
Since
Same
Jan. 1,^78 time 1877
12.10;
e
e
548
48,113 Oil, lard... ..bt
82,760 Peanits
bags.
245,592 Provisions—
Butter
129,278
pkgs.
104,114
985,050
313,036
58,581
8,8*8
e
e
•
8,001
Pitch
_41 cake
e
&
produce since January 1, 1878, and
hare been as follows:
7?
e
•
ii
16,678
52,329
305,895
2,261
Cork...........
Fustic...........
Since
Same
Jan. 1,’78 time 1877
68
e
f
Receipt* of Homeetle Produce*
Ashes..
i
Bread stuffs—
:*
•
:»
10.766
25,165
Mahogany
The receipts of domestic
for the same period of 1877,
:g£
4*
1,057
1,168
1,828
27,785
.
786
S%
-8*5
613
•#••••e•
Ginger
Pepper
1
3,000
...
ESC
68.712
84,960
1,678
880
•
2
Watches....
L'nseed....
Motaaeee
WinesVT...!.
4
142
Jewelry....
4,468
4.340
\ rool. bales
570
107
301
410
31
47
1S6
940
Hemp, bales
Hides, Ac—
>
•
...
• ••••
*•••
•
•
13,618
883,774
1,053
3,117
Champagne,bkts.
#• ••
•
608
67
106
Sodaaeh.
22,856
456,883
1,776
53,107
2,791
2,248
520 i Irtidsg reported by
value—
121
99 C
25
v.
559
80
•
2,721
soda, sal
•
•
17
410
69
1,189
Flax '* •••
Fare. .^....
Gunny cloth.
•
1,639
• •
Hair
bbla.
23
569
58
•
:§
/
S3
751
1,997
• • •
•
•
•
•
Soda, bi-carb..
e •
Tin, boxes
slabs, lbs....
Tin
39,775
199
Gum,i
Indigo
Opium..
Steel
176
172
•
• ••■•
Spelter,Tbs
«...
•
I
1,500
55,118
r
Drugs, $eBark, Peruvian.
Blee. powders..
Qambt
•
•
i*
•
117
85
65
61,961
•
ct
4
head, pigs
■♦••A.
84
427
«
IO
*
66
*
Hardware
654
488
121
.
•
301
£
'i
A
.1 t1"1
"
T '*.*• V
.
:"SV'.
Xutoast 1»i 1878.1
THE” CHRONICLE.
UBNKR1L
GUNNIKS^-See report under Cotton.
hat- A"""
North River entering
HBXtP AND JUTE—
t*KlCKS OUfttCBNT
it scrL.
4.V,
BREADSTUFFO—Bee special report.
BUILDING MATERlALSBrick*-Common hard, afloat..* H
Philadelphia.,
2 SO
• 00
Rockland, finishing.
V 00
27 00
1 10
t 00
80
bbL
ex. dry.* M it. 48 oo
Fine, shioplog box.. **•*«•••*
18 00
do tally boards, com .to gM.each.
25
•a
m
35 00
90 00
23
K
.B M. ft. SO 00
Maple
Aalto—lOafOd.erm.fen,* eh.* keg
Clinch,Txt* 8in.*longer
3d fine...
i.
•
BM.it. ttoo
4 25
......................
Cutapikes.allsises........
/<M»l*-^La.,wh.Am,pUre.ln oil
n
—
ChtnuL.
-
I™*#*?*
dp prime,
do
java, mats
Native Ceylon...
gold.
“
••
**
...gold
Bavanllla
Costa Rica
22 *
Is**
sas^sstssss..
*•••
Sheathing, new (oyer 12 os>
17x
a-
II
«
<a
*
cnr.
...
20
28
*
4
tprtar, prime Am
24
112
44
•a
hicoricepaste.Spanish,solid., .gold
Msdder. Patch..4
•
NUTS—
Quinine,..
G ;
s
3 70
24
51
.gold.
■
..cur.
pr.... 44
Mackerel, No, i,'Bey».
4 25
18 00
....
Mackerel,No.2 Haas.shore (new). 22
Mackerel, No. 2, Bay...
13
..
.
-
-
-
*•
FRUIT—
Raisins .Baocueea.
per 50 lb. frail
&6Wsestss
16. new. •
••••••
-era
••••#e#e#^
?•#» **•**••••
,
4 20
1
m
m
■•
...
mute***-***'*
<»»«./«
* hhlfben.*.*.*
P quaiiei
|9t>.....•
*»-
HO
.
l6l.M4sses»ss»esss«s« ••••##*
my mixed and new wet...
|«s*s^s*Me*ssse.*sit
/
v>:'
l 70
one**
87|
%
13;
..i
n
is
20
dV;^
oo
85'
r.
5k
i4 20j|
isk
14?
!
«w
5v
6X*
l.
DAYTON.
And all kinds of
.
7 %
4 a
) 9 *
25 i
12 85 '
15 *
11 ^
8
7
iou
5g
io^
27
1<X
18
13
Also, Agents
United
4 full
40
88
90
40
2
87X
States
**
44
e
••
*•
•a
• •
•
44
•
*
and colors
Duane
always instock.
Street,
George A. Clark & Bro.
400
5 00
90 *
loift
iflflLWARD’S
8j
400
MIX
<’
'
Melado
....
•
i
...
Defined—Hard,crushed..........
Hard,pondered
granulated.
• **•••»*•••••»
cut loaf
....
Coffee, A, standard...*
do
off A...................,
White extra C..
Extra C no..,..,
Yellow C •neeet*•»*•#•••••*•*•*•
Other Yellow.......
.
MolasBC8 6Vgirf„„i,„,
44
44
44
44
44
H.v
44
44
44
**
44
**
44
41
.
n
...
..-i.
a
is m
M t
it a
6
6o m
i os m
i v> m
?2 m
tiki
....a
6km
COMMISSION
1 20
«4
43
Hong
NEEDLES,
■■■■—■..
i
by
GLVPHANT A Co., of China,
104 Wall St., New York,
see
John Dwight 8c Co.,
12
7
MANUFACTURERS OF
‘
8UPEIM!ARBOMT£
or
S O D A
10X
.
No, 11 Old Slip, New Torlt,
V7lk
The jooDing Trade ONLY Supplied
l*
y-.«
...*
Co.,
MERCHANTS,
Rxp&bsbktxd
1 P6
1 38
a 12 50
'.."y
Canton, .China.
15*
•
M,i.
Kong, Shanghai, Fooelsow *'
»
44
......
HELIX
'
47
i io
'2Hg
Manils, sup. and ex. sup........
l Batavia. Nos. 1"®12
Brazil, Nos. 9*11
>
BROADWAY, NEW YORK.
Olyphant 8c
82 90
•
Centrifugal, Nos. 7*13
do
do
>
Banting Company,
supply all Widths
No, 109
....
•
la
CANVAk., FELTING DUCK, CAR COVER
IN6, BAGGING. RAVENS DUCK, SAIL TWINES
/
AC. 44 ONTARIO** SEAMLESS BAGS;
4 AWNING STRIPES."
....
♦ •
Co.,
OITON
a
....*
...*
85 *
iS * 80' *-v
25 *
PROVISIONSI
Pork, mess, spat •«»•••.«•«»•»•»
..* bbl. 12 25
Pork,extra primes.......
44
....
Pork.nrlmemess,West
44
Beel, family mess
*••**•**••*
44
16 00
Beef,extra meat,new
44
18 00
Beef hems,Western ...... ..... 44.
16 50
Bacon, City long clear
* *
Hams,smoked
44
Lard. City steam,...
44
8UGABInferior to common refining... .* *.
i F>iir ..i........................... 44
1
Good refining
44
Prime. »
*V'e t1^* • • va *4 *-•*•• a •'«
Porto Rico, refiu., fair to prime 44
Boxes, clayed. No*. 10@B2
44
*
280 Chkbtnut Stxxst.
COTTONS AIL DUCK
’
4 25
•
*
aa
-
«
*
-
aa
at
Naphtha,City, bbls............
is
4
«•
..
• ••.I
17
7
r*1-
at
•
Cases
Refined, standard white
* IS W
•
*a.
Crude, In bulg................. *
*jpL
jyal.
21H*
sx*
5
quarters, s«w
l.^a gMtoch'ce new)
unparei, naive-aid qrs...
rie*, boga aad bbls. (new).
c-
Lard oil. Nos. l and A
PETROLEUM—
* 15 00
Hyg
mi 12X®
State, sliced, new
W.
15 Chatooxt 8*.
Manufacturers and Dealers
■
•
«•**•»
* 6 00
* 28 00
g 30 00
BOSTON,
PHILADELPHIA,
_
• •
*m
ufbern/sltced....
....* *
de»«
4«*i4»ri,
';Xr
From Various Mills.
8c
5
a*
14k*
•••«*•......m.
•♦*•
Brinckerhoff, Turner
llX#
.*••*••
Whale(blesched winter,..,..
Whale, crude Northern...,..
Sperm, crude.«...
Sperm, bleached winter
«7XQ.
10
* lb.
............
• •
m
%
m
-•
,
j
....................
e
»*••••»
French,
44
s «
l
Turkish (new)
44
e*
e
Valencia, new.;.. *•••#«•«4••«
is, new ^e;:Aes)e*.Oi*#n»»Aew,eo
new-..L.....«.
so
50
44
OILS—
Cotton seed, crude...
* gal
Olive, in casks * gall
*•
•a
Linseed, casks and bbls
A
Menhaden, crude Sound
•6
Neatsioot r N ©. lto extra......
_
Grid Bk.* George4* (new) eod.*qtl.
*•••
F O H
* 45 Whits 8temt.
J
28
*
*
*
*
City, tbln oblong,bags, gold, * ton. 85 00
Western, thin oblong (Dom.) cor 44 32 oO
i\«
•
.
Mack*rel,No.l,l4.*hor*......pr.bbl.
26
29
.
oil cake—
Rhubarb, China,good to
flalsoda, Newcastle.. * MW -B, gold 125 1
Shell Lac, 2d * 1st English..* n.cur.
19 *
Soda ash
*lU0».gold 115 *
Sugar of land, white* prime,* hour.
....*
Vitriol, blue.common..
44
?X9
FISH—
.
24
23
28
si
81
si
28
Filberts, Welly
Walnuts, Naples
19
25
26
i9
•a
......
*
*
37
..«.«•»«..*^«....
OAKUM-Navy,U.8. Navy * best
a
ho •
.
22
21X©
22
bide,h.;m.’*l....
Almonds, Jordan shelled
Brazil
ex*
Madder,French, EJLF.F......
Nutgal1s,blne Aleppo...........cur.
...cur.
Oil vitriol (88 Brimstone).....
44
Opium,Turkey ....(In bond),gold.
.gold.
Pmelate potash,yellow. Am..cnr.
..cur.
Quicksilver.•
*
low No. 1 to good No. 1 44
low No. 2 to good No. 3 44
low pale to extra pate... 44
window glass
44
Pecsn....
m
m
27
>*•
•
,
^
8
«
rough.........................
44
22Xh
as
•
common
44
C
•1^
•
-.«•
YORK.,
f 40
4 50
Tar, Washington
* bbl. 2 25 *
Tar, Wilmington
2S7XX
Pitch* city e • o#;u-ao M MMISSfMM fse V
Spirit* turpentine
*gal.
strained to goodstrd.* bbl. 1 To
Rosin,
44
u\
*
4
8X«
3X#-
-
Gambler
•
NEW
* u 00
* 26 50
* n
NAVAL STORES—
24)
»
Licorice paste,Calabria....
Licorice paste,Blelly
....#
’•>.3
Saratoga Victory mfjg Co.#
un>
Hosiery, Shirts and Drawers
88
* 100 lbs, gold 6 87X*
cur. 4 37X*
Demerara..
Porto Rtoo^
N. 0..com. to prime...
•
Glycerine, American pare
SiS4..™
e....
•....
Borllugton Wool**
Atore Price*.
00 *183 50
5-1P#
5
5 * 2 M0
U>X*
H
8X*
4
00 * 36 00
CO * 47 00
-
.
cur.
90*6
Cw.,
Ellerton New mills.
Atlantic Cotton mills,
Bar, Swedes .ordinary sixes..* ton. 180
Cuba, clayed
..* gal
Cuba, Mus.,refln^rr’dsJWteat. 44
do
do grocery grade*.1 44
Barbadoes
;.
44
* 27 50
8rimatone, Am. roll
*n..cnr.
3
Camphor refined..M
**
28 *
Castor oll,BJ. In bond. *gsl..gold.
90 *
Caustic soda
44
* 100 »
4 lax*
Chlorate potash
44
44
19 50 g
Cochineal .Honduras, silver...
44
-a
Cochineal. Mexican •lastsssss•«
54 m
41
•
A G KNTS
87
16 00
28 SO
rexae.crop
••
•••*•••*•“••
—
Oak. rough.
00*B
Bleaching powder.....* lcO ».
i^l
Brimstone, 2a<*s *8rde,per ton.gold.2l 00
«S»
...
dm
M,
Washlngtou millet Chicopee Nfk Oe,.
* ton. 19 P0 * 19 P0
17 oo * 18 00
Slaughter orop.,
•
Cttbebs; Seat India..
....cnr.
Caleb.,. •..' #...................«.gold.
•gold.
i 0
5 0
....
H.
25* t
*4) o
IX*-...
* tee.
»hh»
MOLASSES-
Argols.crnde.
...golo.
Argote,refined. 44
44
Arsenic,powdered.........«...
B1 earb. soda,Newcastle.* 100 * 44
Blehro. potash..,.
8» cnr.
• SSS*4»
Pig,American, No. 1..
Pig, American, Lo.2
Pig,American, Forge
Pig, BCOtCb
44
•••*•••
•
••••
'
* St
9X*
d.
,.
E.R.Mudge,Sawyer&Co
45
&
IROA--
44
16
it
COTTON—Bee special report.
DRUGS * i> f K8—
Alnm, lamp. Am...,.
* 5
Ginseng
87
Mexican, snoet
44
44
Braziers* (over 16 oz.) •»•#•••••••••••
American Ingot, Lake
Cream
87
Honduras, sheet
Hemlock.Bnen, A*res,h.,m.*l.*n.
California. h.,xu*l.......
V ».
ItSSMt
S8X*
40
LEATHER-*
.
COPPER—
Bolts
Peek
J8
t?
3)
Bar (discount. 10 p. c.)
Sheet
44
“
I ?X9
44
**
44
44
gold.
...............gold.
Beed-......
*
Commercial Cards.
86
Domestic, (tcmmoD
gold. ••
,
40»»
Wheat, balk* bags..
10X
Carthagena, pressed
Nicantgns, nneet
Nicaragua, scrap
Ordinary foreikn
“
Jamaica*..
gold.
Maracaibo
gold.
Lagnayra,
goid
fit. xXomingo............... gold.
.
a
••
Mexican.... ..............gold.
...
Corn,b*lk*bgs.*bu.
*lb. 2
Hoop, X*.NoJi2tol*lXx.l3*!4 44
Sheet, Russia
..gold *it
Sheet, single^double * tretile, com.
Rails, Amur., at Works..* ton, cur. 88
Steel rails, American
45
LEAD—
—•
.
...*bbi.
Heavy voods. .* ton.
12X
<5
*
«—snax.—>
Flour
15
Caloutta kips, dead green..
44
Calcutta, buffalo.
HOPSCrop of 1877,*. .*....••••••«..«•* Ik.
Crop.of 18<S,,
§[rOWittA sees••*•*•••
INDIA RUBBERPara, coarse to fine
Esmaralda, pressed, strip
Guayaquil, pressed, strip
Panama strip
Scroll
gold.
......gold.
do
dh»«ood,
gold
44
.
.
Rib; otd. car. eomd 90 days .gld.*
do
kips.slanght.
82
12
26
96
16
••*••#•**
CJFFR.K—
dSral*;
M
cnr.
IS'
28e*w
24
24
IS
I.
nx
8X
10X
lix
27
14
29;;*
...gold.
FREIGHT^-
m
«
*
•
Sched.
Port
Johutt’n.
2 62XD2 15
3 00 §4 10
2 67XD* 8o
Smyrna, unwashed
cnr.
do....'
18
10
-
Auction.
..
44
.
4"“
^lUorala,
Texas,
E. /. stock—Cal.
* a
Dec. 38. ‘
Hoboken
*2 4)X
do
r5f«Swd-Bne». Ay,
25
75
15
Welsh tubs. State, com. to p’rne “
CHEE8&—
State factory, fair to choice
V»
10 *
Western factory,good to prime.. 44
10H*
COAL—
Liverpool gar cannel
10 00* 11 00
Liverpool house can net
12 50* *3 oo
Ahtbbacitx—The following will show the prices
realized at the kt»t auction sale of Del. Lack. * Wtst:
Penn. P.L.AW.
JD.AH.
P. &R. L.s w
~
do....
24
Hutjy
....................
South Am. Marine,
unwashed......
Cape Good Hope, unwashed;
Texas, fine. Eastern...,..,
Texas, medium. Eastern....
44
40
2fr:
44
■2B-J*tn 81
_
Dry Saitsd—Mara’bo a* they run44
Matamoras
40
S
'-Ss S3
47 6
K
87
•••M444M
H
Interior...................
**
...
* *V *
superior, unwashed;.......
28
44
44
44
1%
20-*;-
**
••
do...,
do
7 t-MG
■
do.i..
do....
dou..
Matamoras.
I^^Sl
V
*.
California:
■
Lead,wn„ Amor., cure dry
Zinc, wh., Amer. dry, Ho. 1......
Elne,wh.. Amor.,No. 1, In oil
Paris white. S3*., gold....* 100 B.
BUTTER—Jftto—(Wholesale Price*)—
Dairies, pailAX*** to choice 8tate V a.
West'n lact*y, tube, g’d to ch’je “
R*t flrk.,tubs,&tste, f *r te prime 44
jb... -82
t£ericI3.Mo*ri**‘i'“*
Americmi.Comblnff.
*
......
Rio Grande,
liu
85 00
2
5
4
2
.
Orinoco,
r,
• ••*
,4
Corrlentes,
40 0U
88 00
MX) 00
) 28
I
.^.
Montevideo,
22 00
Ask.goo l............................
Blachwalnut.....
Awruce boarda* plank*, each
Hemlock boards, each
oo
Dry—Buenos Ay res .selected. * n gel d
TQuo;
•
oak
Eton. 175 90 *215
•*••••»••** vep • * ,eeo*o
#*••••
RIDES—
1 00
,...
Lumber -Ptoejffl to
SSSf:
rote
a.
-
WOOL—
.190 03 *185 00
gold.Vft 90 *210 00
•• % 37v 00 £375 00
Manila, ••••««#•••«•••••••*n
44
....*
7
4..,*
515
»
...
•
28 00
...V bbl.
Ifcnei-RoQkland, common....*
American dreaaed,...
American undressed.
Rusal e, clean
TALLOW—
cityh.»«
Out-of-town
so
JWllfa-nn
Croton.
Cement— Roaendaie
4k
* log *
9k
■;jj|
*11
*S
IS
S.
W.
EXPORT
ROSENFELS,
COMMISSION
MERCHANT
nr
Produce, Provisions and Naval Stores,
99 BROAD
P.O.Box 2482.
ISAAC
STREET,
NEW YORK.
SMITH’S UMBRELLAS.
SUPERIOR GINQH AM................fl W
GOOD SILK....
2 50
patented guanaoo........• 2no
EJL qUAl* LEVANTINE SILK
5 00
• aesseeeeeseeeeeee
50
,;T: ^1 *• L
—
Commercial Cards.
Financial.
TUB
UNION TRUST CO.
.
No. T3
HAS SPECIAL FACILITIES FOB ACTING
REPRESENTED
W.
8.
■
JR.,
Street, New York.
Clearing-House.
J.
B.
E.
G.
At Auction.
,
REGULAR AUCTION
undersigned hold
The
SALES of all classes of
4TOCK8
AMD
B O S T O
■
■■■■— *0
~
K,
BAST.
?
Trip Missed in 7 Consecntlve Years.
a
P. HI.
North Hirer,foe
LIKE.
Providence*
Worcester. Nashua and
all Points North*
Samuel Willmtb,
Wm. Whitewrioht,
Geo. Cadot Ward, Theodore Rombvmlt.
Steamers leave.
4:00 P. ML Daily from Bier 29 North Hirer Cfoo
*
*
*
of Warren street.)
r.
Freight taken via either line at lowest rates.
D. S. BABCOCK, President.
L. W. F ILK INS, General Passenger Agent.
J. H. OGIIiYIE, Secretary.
Brooklyn Trust Co.
ONLl
Cor. of Montague A Clinton sts.; Brooklyn, N. Y. ?
BONDS,
■■
FREIGHT ONLY FOR
COMMITTEE.
M. McLean,
H. Hutton,
B. Wesley,
G. Williams,
x!T7.--~!
■I..I
BELIABLS
PROVIDENCE
EDWARD KING, President.
EXECUTIVE
■
Hereafter the STEAMBOAT EXPRESS TRAIN WILL
LEAVE STONINGTON AT 4:30 A. M.
State-rooms and tickets secured at 368 Broadway and
at all offices of Westcott Express Company in New
York City snd Brooklyn. Also tickets for sale at all
hotel ticket-offices.
J. M. McLean, 1st Vice-President.
Wm. Whitewright, 2d Vice President.
STOCKS and BONDS
't
I
THE ELEGANT STEAMERS
Interest alloyed on Deposits, which may be made
and withdrawn at any time.
N. B.—•Checks on this institution pass through the
Financial.
I
STONINGTON and RHODES ISLAND.
LEGAL DEPOSITORY FOR MONEY.
>06MWH———M————————————warn
The
AJ)
Authorized by law to act as Executor, Administra¬
tor, Guardian, Receiver, or Trustee, and Is a
POHEROY,
105 Water
Not
Registrar of Stocks. 4:30
BY
I
AND ALL POENT8
Transfer Agent and
BEAD OFFICE, HOSG KONG.
OLD
r O R
Hankow, China.
Hongkong & Shanghai Banking Corporation
|
Stonington Line
of; new yore,
Broadway, Cor. Rector St.
Hong Rons, Canton, Amoy, Foochow,
capital, - - rzy,. $1,000,000.
shanghai and
MERCHANTS
•AND SHIP AGENTS,
. IW ■■
—
Steamships-
Js 'I
Russell & Co.,
'COMMISSION
.Illl-l
Direct Line
CAPITAL, $506,060.
O*
France.
to
This Company is authorized by special charter to ac (
receiver, trustee, guardian, executor or adminis¬
trator.
It can act as agent in tbe sale or management of real
The General Trans-Atlantic Company’s
Mail Steamships,
ernment aid ether securities._
HAVRE*
Calling at Plymouth for the landing of Passengers.
The splendid vessels on this favorite route, for the
Continent—cabins provided with electric bells—will
as
WEDNESDAYS AND SATURDAYS.
ADRIAN H.
No. T
MULLER
estate, collect interest
or dividends, receive registry
anf transfer books, or make purchase and sale of Gov¬
SOM,
Hachfield,
MAB'flN,
STREET, NEW YORK,
WALL
duals
J.S. Rockwell,
John P. Rolfe,
Thomas Sullivan,
H.E. Fierrepont,
John Halsey,
Alex. M. White,
nr
First-Class Investment
Securities,
CITY BONDS OF ALL KINDS,
■Batt.eoad Bohbs and Southern S SOU KITIBS or
ALL DESCRIPTIONS.
Mississippi Central Bonds.
New Orleans Jackson A Great Northern Bonds.
OFFICE,
ew
Northers Pacific Bonds and Stock.
Stone,
BANKERS AND
YORK,
Policies op
Transact a General Banking Bnsineas.
^STOCKS, BONDS and BOLD Bought and Sold os
iCommlssion, and carried on Mgigtea.
Deposits Received and Interest Allowed.
OT Accounts of Country Banka wad Bankers redrived on favorable terms.
\
V
IN
,
*
BI-MONTHLY SERVICE TO JAMAICA, HATTI
COLOMBIA and A8P1NWALL. and to PANAMA and
SOUTH PACIFIC PORTS (via Aspinwall.)
Fit st-class, full-powered. Iron screw steamers, from
Nort.n Rlv*r.
For Kingston, Colombia, Isthmus of Panama and
South Pacific Ports .via Aspinwab),
ALPS
January 10
For Cape Hayti, Gonalves, St. Marc A Port an Prince.
CLAKlEEu...
...January 12
For Anx Cayes and JacmeL
ETNA..
January It
STYLE,
...
Treas.
Superior first-class passenger accommodation.
P1M, FOBWOOD * CO.. Agents,
xo-BSWall treet.
WALL
STREET.
Miscellaneous.
•
*•
A
Stocks, English Cannel,
SPECIALTY.
V
Liverpool Orrell,
.
Cash paid at once for the above Securities; or they
will be sold on commission, at seller*! eptiop.
Berlin.
American
Now bunding and in yard,
Co.,
ANTHRACITE COALS.
The Trade
EUROPE,
BANKERS,
HAMBURG.
New
Yard—687 West 22d Street.
York*
Transact a General Banking Business, fncftadlng
BROKERS IN
purchase and sale of STOCKS, BONDS and GOLD
for cash or on a margin.
GOLD,
Street, New York.
Investment Securities For Sale.
fP. O. BOX 2,847.)
P. O. BOX 2,647.
Special attention paid to the negotiation of Com
A. M. Kidder.
C. W-MgLbllan, Je.
W. Trass
JOSEPH GILLOTT’S
aaerclal hula.
J. Alden
Gaylord,
St., New York,
33 WaU
DBALXK nr
iS?yi8TMENT
A Mi^EffiS®0% SECURITIES
BMers by permission to W.S. Nichols *
Co^ Baakers
.
STEEL PENS.
Adolph Boissevain & Co.
•
SotAfyaOdealers throughout the World,
BAN.KBRS
^ ... AND ■ COM Ml 8 SI ON
TT. LOUIS CITY 4c COUNTY BONDS
i
PIRHELE)
Supine street.
COR. OF WALL STREET AND BROADWAY
(Hilmers, McGowan & Co
63 Wall
supplied.
ALFRED
fOHIV BSRRNBBRG, GOSSIiRR A CO
WORE1GN EXCHANGE AND
Also, all kinds of
the best
London, (Limited.)
IN
Orrell,
for sale at lowest market
prices In lots to suit purchasers..
or
ehnternatlonal Bank or Hamburg and
HOUSE
...
.
BOSTON,
oobbxsfondsnts
BEBIAN,
Atlas Mail Line.
Testa ve Street
Gossler &
DE
PRINTS
Bailey,
Insurance
PARTNER,. ‘
NEW YORK,
'EM Pearl. Street.
LOUIS
Dealings in
Draw Billa of Exchange and Issue Letters of Credit
'ten all principal cities of Europe.
RANK,
do not carry steerage passengers.
For passage and freight apply to
Insurance, and all
S.
65
,
DEUTSCHE
avaOpbl
through
England and France, steamers marked thu
*
•
E.
Stake Telegraphic Money Transfers.
SPECIAL
second cabin, $66; third cabin, $85, steer
age, $27, Including everything as above.
Return tickets at very reduced rates,
ALBERT G. GOODALL, President,
C. L. Van Zandt, Vice-Pres. A Manager.
BANKERS,
#
modation ;
Theo. H. Freeland, Sec. Gxo. H. Staynkb,
Lichtenstein,
$26—lnckidIng wine, beading and
London or any railway station In
England—First cabin, $90 to $100, according to accom¬
m A BUILDUPa PROOF AQA1M8T FIRE.
NlS William St., ear. Exchange Place,
NEW YORK. {
;
?
ntenalls.
To Plymouth,
AMD
Knoblauch
&.
cabin. $86 ; steerage,
Agent) 55 Broadway*
Kinds op Securities,
MOST ARTISTIC
THE
Wed., Jan. 23,9 A.M.
..Wed.. Feb. 8, 8 A.M.
Wed., Feb. 20,8 A. M.
PRICE OF PASSAGE IN GOLD (Including wine):
TO Havre—First cabin, $100: second cabin, $*5; third
Bank-Notes, Bonds fob Governments and Cob
donations, Bills or Exchange, Cbrctpioatxs
or Stock, Postage and Bn venue Stamps
BROKERS,
..
FRANCE, Trudelle
AMBRIQ E, Delord ...
York.
AND
foot of Morton at,
follows:
143 BROADWAY,
ENGRAVES
,
AND
LABRADOR, Sangiier
Alex. MoCue,
Chaa. R. Marvin, A. A. Low,
Abm. B. Baylis, 8. B. Chittenden,
Dan’l Chauncey, John T. Martin,
Josi&h O. Low, Ripley Ropes.
Austin Corbin. Edmund W.Corlis t.
Wm. R. BUNKER, Secretary
New
Mo. T NEW STREET, NEW
as
BANK-NOTE CO..
Sew York
JerseyAMidland
Oswego Bonds.
Midland Bonds.
6c
sanger!
YORK
•all from Pier No. SO North River,
American
WANTED.
Trask
Henry
'
BETWEEN
NEW
Religions and charitable institutions, and persons
unaccustomed to tne transaction of business, will find
this Company a safe and convenient depository for
money.
RIPJLEY ROPES. President.
CHAS. R.
Vice-Pros t.
Edgar M. Cullen, Counsel.
TRUSTEES •
PINE STREET, NEW YORK.
Albert E.
A8
Ac
M EROH
ANTS,
AMSTERDAM, HOLLAND,
N. Y. Correspondents.r-Mesanu BLASTS BROS. 4b CO.
.
;
}
ISAACS' SMITH’S UMBRELLAS.
SUPERIOR GINGHAM.... •...$100
GOOD SILK.
PATENTED GITANA(^K.«^«t*
* EX. QUAL. LEVANTINE SILK
-
2 00
8W
@FedFRASER