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(iWX0^^
AND
VI
HUNT'S MERCHANTS' MAGAZINE.
REPRBSENTING THE COMMERCIAL AND INDUSTRIAL INTERESTS OF THE UNITED STATES
VOL
xNEW YORK,
2b*.
National Bank-Note
dHCORPORATED NOVEMBBB,
WAUL
Co.,
1869.)
No. 52 W^AI.1.
STREXTT,
Demand
Prafts on Scotland and Ireland, also on
Canada, British Columbia and San Francisco. Bills
Collected and other Bantclng Business transacted.
CInit«d States Bond*, Notos, Cnrreaoy
(Uid National Bank Not«a.
ExSKATlKa AKO PBIHTIKa Of
SANK-NOTES, STATE AND BAILBOAP BONDS.
POSTAGE AND RBVENITE STAMPS,
OKBTIPICATES, DRAITTB, BILLS OF EJCOHANaS,
AKD COHMBBCIAL PAPEBS,
D. A. MaoTAVISH,
O. M. MORRIS,
No. 50 ^VALI.
Surplus,
Bays and
Prea't.
BOSTON
Oapl«aI,
Snrplua,
.
Special attention
given to
COLLECTIONS, and
j
CAPITAL,
SURPLUS,
QEORaS STEPHEN,
R. B.
ANGUS,
Nos. 59
ic
BANESBS,
NEW YORK,
STREET,
Issue Letters of Credit, available in
also.
Time and Sight
BANK OF LONDON.
Bills
all parts
on the
Cable Transfers made.
18S4.]
No. 16
WaU
Street.
Transact a general banking and brokerage business
in Railway shares and bonds, Government Securities
and Gola.
Interest allowed on deposits.
Investments carefully attended to.
Charles G. Johnsen,
EBCHANT AND
BAHTKER,
166 GmAYIEB STREET
RBW
OBI.BANS,
61 WAIil,
STREET.
C. F. SSIITnEBS.
).„„„,.
Watso.n,;-*^*""*-
Bay and
tell Sterling Exchange and Cable Tranagrant Commercial and Travelers' Credita,
available in any part of the world ; iaane drafta on
and make collections in Chicago and throaghoat
the Dominion of Canada.
fera;
London
Deposits received subject to Draft. Securities, Gold,
ftc, bouKht and sold on Commission. Interest allowea
on 'eposlta. Foreign Exchange. Commercial Credlu.
Cable Transfers.
Circular Letters for Travelers,
available in all parts of the world.
1
ATTORVXTa AKD AOSITTa OF
fliessrs. J. 8.
tc CO.,
No. 82 OLD BROAD ST., LONDON.
inoRGAN
tee of repayment, Circular Credits for Travelers, is
doUara for use in the United SUtes and adjacent
countries, and in pouniU tttrllng tor use in any part
of the world.
THEY ALSO IBSnE COMJlKRCrAL CREDITS
MAKE CABLE TRANSFERS OF MONET BETWEEN THIS COUNTRY AND ENGLAND, AND
DRAW BILLS OF EXCHANGE ON GREAT
BRITAIN AND IRELAND.
8.
G.
&
G. C. Ward,'
BARINfe BBOTHERS tc COnPANT
62 WALL STREET, NSW YORK,
28 STATE STBEET, BOtfTON.
John Munroe & Co.,
No. 8 'Wall Street, New York,
4 Post OIBce Square, Boston.
CHEQUES AND CABLE TBAK8FER3 ON
raUNBOE & CO., PA HIS.
SrKRLINO CHEQUES AND BILLS AT SIXTY
DAYS' SIGHT ON
ALEXANDERS A CO., LONDON.
CuKJULAU Noras ako Cbsditb res Tsavkums.
J.6c
S9
OFFICE, BIONTBEAL.
GEOI'GE HAGUE, General Manager.
WM.
J.
LNUIL&M, Asst.Uenerai Manager.
BAXKERS IN OREAT BRITAIJf:
The Clydesdale Banking Company. 32 Lombard street,
London E. C, Glasgow, Edinburgh ana Branches.
NEW YORK— AoiNOT. K! Wall Stexit.
National Baxk o» rna Hxpobuc.
A. H. Brown
&
Co.,
BANKERS AND BROKERS,
St., Cor. New, New York.
WaU
INVESTMENT 8KCURITIE8.
8p««l»l a(t«nU9B to l)»liie«« ot
EXCUANG'B PLACE,
CORKER BBOAD 8TKEKT, NEW YORK.
A.
$6,200,000, Paid Up.
.
HEAD
I>
Co.,
BANKERS,
Bank
OF
C A N A
Capital,
W. Seligman &
OIBce, No. 9 Blrchln Lane.
Merchants'
t
I.A
& Co
Boulevard Haussmaaa
No.
of the
UNION
Gwynne & Day,
[EtUbllshed
General Manager
OFFICE,
Waltxk
12 UrALI.
;
Prealdent.
ySW YORK
Boston business paper discounted. Correspondence
world
$12,000,000, Gold.
5,500,000, Gold.
•
nvited.
Kountze Brothers,
31
AOXKTs roa
$409,000
300,000
prompt remittanoes made on day of payment.
Exchange, and makes Cable
Bank of Monireal*
nACDONOCGH, Vlce.Prea'U
A. D. SHEPAKD, Treaanrer.
JNO. B. OVBBKBB, Seeretarr.
J.
Maverick National Bank
Sells Sterling
Commercial Credits araliable everywhere.
Grants Drafts on the chief cities and towns of
Canada.
J. G. HARPER, ! •rratjL
Agents.
.1. H. OOADBY. i
Issues
<n anf/ langMagt,
Bt-uX Phiixips, Oaahler.
St..
STREET.
Transfers of Money.
Communleatioiu may 6« addretted t» tM*
Preet.
Drexel, Harjes
Co.,
Isaue, against cash deposit, d, or aatisfaetory guaran-
Jovornmenta and Banking Institntlona—Soutli
American, Eoropean, Weet India lelands, Japan, &c.
Aaa P. PoTTia,
&
SoDTH TBI an
PblladeJpbla.
Paris.
DOMESTIC AND FOREIGN BANKERS.
Agents.
$6,000,000 Gold.
$1,900,000 Gold.
Capital,
i
H. TAN ANTWERP,
31
Brothers & Co.,
Bank of Commerce, Brown
No. 59 WALL ST., N. Y.,
This Company engravee and prlnti bonda, postagt
•tamps and paper money for Tarioaa foreign
J.
J
No.
The Canadian
in the highest ttyla of the art with tptcial ic^t'
(ruardt deviBed and patttUed, to preTent connttr-
Oompany
Drexel
STREET.
rates; also Cable Transfers.
ESSBATEBS or TBM
altcratioua.
Financial.
Commercial Credits Igaued for use In Europe, China,
Japan, the Bast and West ladles, and South America.
Demand and Time Bills of Exchange, payable in
London and elsewhere, bought and sold at current
XEW YORK.
and
65d.
AGENCV OF THE
Drexel, Morgan & Co.,
Bank of British
WALI. STREET,
COimKR OF BROAD, NEW YORK.
North America,
TBB
tailing
No
12. 187b.
Financial.
Financial.
OFFICX:, No. 1
JANUARY
caaurr bauka.
Issne Letters of Credit for Ti-Rrelers,
Payable in any part of Europe, Aala, Afrlos, Anatralls
America.
Draw Bills of Exchange and make telegrapUe traa»
nd
money on Europe and
WALSTOH n. BBOWIf.
fers of
California.
V^KO. A. BaOWK.
Walston H. Brown & Bro.
BANKEBS,
New York.
34 Pine Street,
SPECIAL ATTENTION GIVEN TO THE NXQOTLA
TION or
BAILBOAD SBCVRITIS8.
THE CHRONICLE.
ii
THE
Bank
National
Pacific
OF BOSTON.
KIALTO BUILDING,
131 DeTonslilre St.
DIRECTORS:
^^ ^
Whitset, Je., firm of HoIUngeworth &
—
German American Bank,
'*COTro«pondent8.
fork; Louisiana national Bank, New Orleans ;
)f Liverpool, Liverpool
26 Pine
CORRESPONDENTS.
Bank.
Bank.
Especial attention given to Collections, and Re*
m^ttances promptly made.
BANK. OF HOUSTON,
Capital, $500,000,
HWe OUSTO N,
The officers will give personal attention to all business entrusted to them, and no pains will be spared to
make any business relations with the Bank mutually
Te X AS.
give special attention to collections on all acces„
„ „ ,
DiREOTOBS.—Benjamin A. Botts. Pres't: C. S. Longcope, W.J. Hut;hins.F. A. Bice, C.C.Baldwin, W.B.
BEN J. A. BOTTS, Pres't.
Botts, Rob't Brewster.
sible points.
pleaaantand profitable.
A. I. BENYON, President.
F. J. CHICK, Cashier.
WEEMS.
B. F.
Cashier.
T. W. House,
Geoege H. Holt,
Member N. T. Stock Exchange
Geo.Wm.Ballou&Co
Capital, §1,000,000.
D. R. WILKIE,
ROWLAND, President
BEAD
ST. THOSL4.S,
Agents
93
Si ATE
&
Adams
Board
iffew
I 'll
&
II
W
BANB.BR8,
78
Bn7 and
Stackpole,
DKVUNSHIBK STREET
BOSTON,
Westers
Sell
Cltr
&
Wilson, Colston
.
solicited
and
St.
$6,000,000.
1,55 0,000.
-....---
Reverve,
a
Information
LOUIS MoLANE,
COEnKepoKDKNTS— McKlm Brothers
4c
2,500,000
President.
SOS WALNUT
LONDON
NEW TORE
Austin,
BROKER,
I-LACE (316
WALNUT
ST.),
PHILADELPHIA.
Orderf In stocks and Ponds promptly executed at
he Philadelphia and New iork Boards.
Southern Bankers.
PreH't.
A. K. 'WAi.K£B,Ca8hiei.
National
First
triLraiNGTON, N.
CoUectloiiB
made on
all parte
Bank,
€.
of tbe United States
SutTH, Patsb b Smiths.
The Bakk OF New Toek, N. B. A
The Bank of New York,N. B. A., is prepared to issue
Telegraphic Transfers, Letters of Credit and Drafts
on The Nevada Bank of San Francisco.
C. F.
Penzel,
President.
B. K. BBBBU88,
American Exchange bought and sold.
on Deposits.
Collections made promptly and remitted for at low-
est rates.
The Bank of Toronto,
CANADA.
j
i
STATE BANK,
Incorporated
German
I.ITTI4B
CAPITAL (Paid-in)
19 15.
)
i
C. T.
Walkee
Cashier.
Savings Bank,
ROCK, ARK.
SCRPLUB
Prompt tt'entlon girea
HEAD
$1,000,000.
OFFICE, TORONTO.
DtnrcAN ConisoN, Cashier Hnon Lkach, Asst. Cash
Branches at Montreal, Peterboro, Cobourg, Port Hope,
Banle.St. Catharines, Colllngwood.
;
BANKERS:
LONDOK, Enolaitd.- The City Bank.
National Bank of Commerce,
vT.™ v„,^
Toek. ij y j,._ slithers and W. Watson.
Nkw
Collectlonsmade on the best terms.
Financial.
J.
&
J.
33
Stuart
SldlTH,
5c
Co.,
NASSAU STREET.
EXCHANGE ON
& SMITH'S,
PAYNE
BANKERS, LONDON;
MANCHESTER & COUNTY BANK,
" LIMITED"
JOHN STUART & CO., Bankera,
MANCHESTER, PAYABLE IN LONDON;
ULSTER BANKING COMPANY,
BELFAST, IRELAND;
AND ON TOI
NATIONAL BANK OF SCOTLAND.
ALSO,
CABLE TRANSFERS AND LETT ERS OF CREDIT
J.
B.
nAAB.
J.
HKKGSTLKK.
Haar
&
C. F.
XVXBKXJCUSDT
Co.,
BANKERS AND BROKERS,
45 WALL STREET.
$75,000.
20,000.
to all business la onr line.
K. T. CoBKX8P02n>KKT^ Donnell. Lawson
Resem,
CapiUl, $2,000,000.
i
Cashier,
CORRESPONDENTS:
Bell
J. STOCK
MURRAY, CasWST
Sterling and
BILLS OF
FLOOD, Vlce-PresWent.
C. T. CHRISTENSEN,
J. C.
fur.
^o*
C. R.
Pres't.
Interest allowed
SAN FRANCISCO, CAL.
Capital, fully paid In coin, $10,000,000
VIRGINIA BECUKITIKS
$1,000,000.
LONDON.— The Alliance Bank (Limited).
NEW TORE,—The National Bank of Commerc*
Uessrs. HlUners, MoGowan & Co., «3 Wall street.
CHICAGO.— Union National Bank.
FKKD'K F. LOW,
('ManaBers
IGNATZ STKISUART,!"'"'"*""L'LTENTHAL Cathier^
DlBtied.
H. i
GAULT,
Se!i£];man& Co.
Transact a general Banking hnsinees. Issue Com
mcrcial Credits and Bills of Excttange, available in all
parts of 6he world. Collections and orders for Bonds
Stocks, etc., executed upon the most favorable terms
Co.,
tpecialty.
Correspondence
-
-
BUhtltos, Out.; Ayuizk, Ost.; Pabk Hill, Out.
bkorobs, p. q.; jolixttx, p. q.
OF SAN FRANCISCO,
BAI.TIX.ORE.
and
& W.
-
-
BRAMCBES:
The Nevada Bank
BANKERS AND 2R0KERS,
rSVESTMENT
J.
Authorized Capital, •
Paid-up and Reeerve,
P. N.
JBaltimord Bankers.
&.
NEW YORK Agents,
and
Gountr Bonds.
Fhila.
Bank
(LIMITED),
SECD.IITIES, Gold,
Connty and liallroad Bonds.
&
TEXAS.
LONDON, Head Office, 3 Angel Conrt.
SAN FRANCISCO Office, 423 California
STATE STREET, BOSTON.
-
FOREiaN AGENTS:
Co., Anglo-Californian
DEALERS IN GOVEUXMENT
Parker
Bank
AOENCIES:
31oodT A Jemlflon.
i"^^^^——^^^^—^^—^^^^^^^g^^
estem B an kera.
BANKERS,
State, City,
street.
QVEBEO, Va1.IJETTIS1,D.
yorJcCorreaoondent
I
luTestmest Securities constautlvrtn hani:.
Chas. A. Sweet
Wall
59
OFFICE, nONTREAI..
Leonard,
DALI,A,S,
Commercial
Anetlons.and Private Sale.
40
HEAD
B A N.E EBB,
paper.
Up
Capital Paid
M. H.
BUTS AND SELLS EXCHANGE ON ALL THE
PRINCIPAL CITIES OF THE UNITED
STATES AND EUROPE.
Co.,
Orders exeented on Commission at Brokers
Agents
&
CO.,
street.
Exchange
CONGRESS STREET,
Btocka, Bonds, Gold and
In New York:
Bank of Montrkal,
London:
Lombard
Promptest attention paid to collections payable in
my part of Canada.
"
"
business paper, payable lE gold
approved Canadian
Ap;
or currency, discounted on reasonable terms, and
proceeds remitted to any part of the United States by
gold or currency draft on New York.
COLLECTIONS 31ADE TBR0V0B0J31 TEE
Boston, mass.
m
In
JBOSAKQTTKT, SALT
IN
Silver and Negotiable Securities.
GoWj
BANKERS,
Dealerg
INGERSOLL, WELLAND.
Dealers In American Currency and Sterling Exchange*
HOUSTON, TEXAS.
DEALER
Municipal Bonds.
No. 35
Cashier
OF CANADA.
ST.,
Boston,
&
;
OFFICE, TORONTO.
AK0HK8:-ST. CATHERINES, PORT COLBORNE,
BANKERS AND DEALERS IN
Brewster, Basset
Bank of Canada
Imperial
BANKEE,
41 niAIN ST.,
Co.'s
Canadian Bankers.
Broker and Dealer in Southern Secarltles. Loans
Negotiated. Advances made on Securities placed In
my hands for sale at current rates.
Ekfeeenoes.— Henry Talmadge & Co., and Eugene
Kelly & Co., New York; Southern Bank, Savannah, Qa
THE CITY
A. J. WILLIAMS, Vlce-Prest.
G. COLLINS, Cashier.
S.
San Feanoisco— Wells, Fargo &
York,
Street, Tierar
$350,000
185,000
-
EBERT, Pres't.
F. J.
AND
Collections made on all iccesslble poluts.
mttentlon given to the sale of Sterling Bills of bxchange : also to orders for purchase or sale of O.overnment Bonds and Gold, and to collection of Coupons,
Dividends and Keglstered Interest.
Interest allewed on Deposits, according to agreement. Loans made on Merchandise, on tatiof actory
yoTls.,
DENVER, COLORADO.
Capital Stock, Capital Paid-in,
Nkw Yoek— Tradesmen's National
Savannah, Georgia,
81.
Exchange Bank,
JAMES HUNTER,
The well-known character of these gentlemen la a
guaranty of a faithful and discreet management.
Mercantile Accounts and Accounts of Banks and
Bankers received on moBtfavorahle terms.
Special
New
Box
p. 0.
J. H. Sanborn, MerchantB' Tobacco Co.
G«o. C. K«KD, Arm of Kand, Avery & Co.
J. H. WnlTAKEE, firm of Enoch Benner i to.
AKTHtjKSEWALi., President Bath National Bank, Me.
DEVONSHIRE
Jf ew
Bank
James Hunter,
P. -JROWN. firm of Brown, Steese & Clarke.
JJ. B. ToWEB, Marine contractor.
M. P. Spbinseb, arm of Springer Brothera.
Edwts Ray, Agent Connecticut Life Insurance CO.
E. M. FoWLK, flrjn of I'owlc &. Carroll.
G
12
Co.,
MOBILE, ALABAin^.
No. a,
WALL STRBKT,
&
Special attention paid to collections, with prompt
reralttanf;es at current rates of exchange on day ol
Whitney.
8
JN0. W. MILLKE
BANKERS,
Orpo«lte the FoBt OfBce.
e>0. "Wm. Baxlott.
». WILiaAMS,
Thos. P. Miller
This Bank, dnly authorized bylfce Comptroller of
tbe Currency, Is now open for buElncss at
LxoirtiiD
B
THOS. P. MI-LLEE.
Vol. XXVI.
Western Bankers.
Southern Bankers.
Boston Baakers.
ROOM
I
& Co
-3
DEALERS IN SPECIE AND UNITED STATES
SECURITIES. Buy and sell Stocks, Bonds, and Gold
for cash or on marKin.
orders f<ir Invcstmenta.
S,)tclal attention
paid to
„„,, .^„.„™,.
ORDERS KXKCUTED AT THE PHILADELPHIA
_ AND BOSTON STOCK EXCHANGES
1
Januaht
CHRONICLE
iflE
12, 1878.
CHAinPAICIN, ILL.,
FOR
OFrEUS
FIRST nORTOAOS:
BKAL KSTATK
COliPON BONDS,
,t
TVt.LKYS, Counril
BVIiSllAU
it
ISKYIiH.
U. S. Oovornmont
amounts
and
In
In all parta
or-
Execute Orders on the Loudon Stock Exchange.
paid to Investment Orders for Mlacellaneous Stocks
Make CoUectloca on
General London and Foreign Banking Boalneas.
KING, BAILIilE &
65 Pine Street,
On
LAZARD FRERES &
the
Transfers of
Francisco.
H. L. Grant,
BROABITAT,
CO.,
No. 145
PRINCIPAL CITIBB IN EUROPB.
Money by Telegrapb to
NEW YORK.
CITY RAILROAD STOCKS & BONDS
Paris and Ban
BOUGHT AND BOLD.
See quotations of City Railroads In this paper
Clrcnlar Notes and Letters of Credit through Messrs.
LAZARD F^KUKES& CO., at PARIS, payable In any
part of Europe.
PEKFECTL.Y SAFE!
Grant
and principal have always been paid
when due, without thi- loss of a dollar. Send for full
Interest
printed particulars, or call at the New York office
and examine maps and applications for loans In sums
&
.No.
RBFERSNCES
Wm. A. Wheelock, Esq., Brest. Cent. NatT
:
Bank, N.Y.
Oilman, Son & Co.. BanBcrs, 41 Exchange Place, N. Y.
fl. C. Kahnestock, Esq., First National Bank, N. Y.
Henry II. Palmer, Esq New Brunswick, N. J.
Chas. .1. Starr, Esq., Stamford, Ct.
A- J. Odell, Esq, Sec'y V. L. i W. RK. Co.
Aaron Ilcaly. L.sq., 5 Ferry street N. Y.
Edwards & Odell, Attorneys, 52 William street, N. Y.
33 TVAI.!.
ISO Pearl Street,
H.
Ten Per Cent.
A Solid
OLD AND TRIED.
StrrDAW OBiLNT.
Hatch
BANKERS,
A8KNT6 roa TUX
STREET.
fLl»IT«D).-I,OND01f.
SAVINGS BANKS EVEN, prove
Brooklyn
Foote,
Hi
STRBET
McKim
III.
Brothers
&
Now
«tf»w IforK.
-T^BALE.— sunreroe Court of The State of New York.
KAIIMEKS' LOAN & TRUST CO.MPANY,
-TMK
against THE ERIE RAILWAY COMPANY
/»Nl> OTHEliS, defcudanta.— By virtue of and pursuant to a Juflgment and decree of forerloBure and
eale rendered and entered at a Special Term of the
said Supreme Court tn the above-entitled action, on
the aeventti day of Novembar, A. J>., 18T5, 1, George
Tlcknor CurtlB, Referee, appointed tncreln to eell all
and Blngul.ir, the mortjiaged premises, franchises
and property, both reil. personal and mixed, mentionod In the complaint In this action and mentioned In
the said judg^nent and docree, being the same raortfajted, or Intended so to be, to the plalntlfT. the
armcra' Loan & Tru-t Company, by a mortgage bearing date on tlie fd rih day of February, A. U., 1874, do
hereby give notice thiit on the twenty-first day of
January, tn the year is7c<, at 12 o'clock noon, at the
Merchants' Exchange Salesroom. No. Ill Broadway,
In the City of New York, by Rernard Smyth, Auctioneer, I shall proceed to sell and &hat] sell at public
auction, to the hlgheet bidder, for cash, the following
rteacrlbed property: All and singular the railways of
the said company, from iin<i Including IMermontonthe
Ilud.on hlver, toand Includlngthe final termlnusof
the said rallw y on Laku Erie, and the railway known
as the Ncwburg Branch, from Newburg to the main
line; and also all that part of the railway designated
aathe Buffalo Branch of the Erie Railway, extending
from lloruellsvllle to Attica, In the btate of New
York ana also all oH'cr railways belonplng to the
company In the State.*; of New York, I'cnn.sylvanla and
New Jer«ey,or any of them, together with all the lands,
tracks, lines, rails, bridges, ways, buildings pler^.
plaintiff,
Allows inUTe«t on dcpoalls, returnable on demand,
Or mt specitled dates, la ailhorized to act as Kxccator,
Aomlnlstrnior, Guardian, Kecelver, or Ti uatee. i.Ibevlse, Is a legal depository for money paid Into Court,
or by order of any Surrogate. ImJIvluuais. Firms and
Boctettes seeking income from money la abeyance, or
at rest, wilt find sufety and advaniage lu ttiislnstltu
Uon.
HENRY
F.
SPADLniNG.
President.
BKNJ. B. SHEUMAN.
KKEI)KKK;K H. COSSITT,
C. K.P.
BABCOCK,
Vice
\
i Presidents
Secretary-
EXECV21VE COMMIITEE:
Amos
U. Kno,
Frederick U. Cosiltt
Isaac N. Fhelna.
Jacob D. Vermliye,
BenJ. K. bherman.
Bun'l L>. Uabcock,
Martin Bates.
Edmund W.
Corlles.
BOARD OS TliUSTESa
B*»njamin B. Sherman
GeorKC W. Lane,
- Jaijiob D. Vonnllye,
Batcvel D. Babcoct,
Junatban Tborne,
Isaac N.
Pliftlps,
JoslahM.Flske.
Charles G.Landon,
KdrouDd W. Corlles,
Wolfe B:8hop,
I'redenck ll.Cosiitt,
William H. AppUtOU,
Amos
Qostav Schwab,
David i>ow8.
Charles G. Francklrn,
MarUa
J. Plerpont
Bates
William Allen Batler,
JameaP. Wallace,
Divl'd
Henry F. SoaHlriloe.
Co.,
BANKERS AND BROKERS,
66 BroadiTay, Jiew York.
BODTIIBBN ANB MISCKLLaHEOUS SKCCKITIKS
A
John
I
buy and
sell
Hickling,
St.,
20
N. T.,
st.cks from the Indicator on
Margin,
25
1
per
street,
'
;
New
OF
FOBSTEB
'
iOC.
QUAL, L£VA)fTUiK SILK
.>.
,
CO.,
dc
Anstin, Texas.
TaXAS FARM MOKTGAGES A 8PECIALTT,
10-12 per ccBt Interest, pmjrable In New Tork Mmlannually. Abaolutcly safe loans made on property
worth, at present low valuations, 3 to 5 tlmea tlie
amount loaned. Title* perttxt snd property TlslUd
personally, correspoiulencc sollcltotl.
Collections made and promptly remlttod for.
JAS.
W. A. «TA3ti.
W.
A. Evans
DEALEBS
NEW
All aetlTe Btoekt
Commlsaloi
i
upwarda.
Mt
dMlt
&
OAjaBOV.
Co.,
IN STOCKS,
S8 Broad Street and 34
Tork.
$1 00
2 SO
2 00
ft 00
BANK
OER9IA1V-AIHERICAN
UMBRELLAS
SUPERIOR GINGUAM
GOOD Sll.K...
PATENTED GUANACO
Sbires.
$.>0 Mari'iu, 5() Sh^ires.
$lUO Margin, 1>'U bfaarea.
Nassau
ISAAC SMITH'S
cent margin.
*25
WASTED:
Alabama, Soatli Carolina & Iionlalana *""'
......
State Uonds;
Neiv Orlcnim Jackson Sc Gt, NortlierBf
Mis*lKKipi>i Central, and ITIobtle
ec Ohio Kailroad Bonds
City of Nenv Orleans Bond*.
I.EVy ic BOBG,
36 WALL STRKBT.
Comnaiy and by the Long Dock
also a'l and singular the cho&eainHction,
bills
receivable
bonds, book accounts,
and other evidences of Indebtedness, leasehold estates, contracts, and. otker property la the said
judgment mentlnnt'd.
Given under my h;ui 1 at the City of Now York, this
sixth day of DrceiuluT. A. D.. 1S77^
GEOUGlb TICKNOU CURTIS, Rsferce.
TtrRNEn. Lke A McClurb,
Plaintiff's Attorneys,
AT THE NEW STOCK iXCHANGE OF
BROAB STRSET.
A SPECIALTY.
Brooklyn Secarltie* Boaeht and Sold
stocks,
Specialty.
30
23.
GAS STOCKS
Company;
LoaiiB Negotiated.
62 Broadnraj and 21 Neir
Boom
Valley Railroad
Booght and Sold on CommUalon.
VIBelNLA 8TAT£ i^NU UAILKOAU SBCCTIUTIES
solicited.
Geo. H. Prentiss,
;
William U.W«ob,
Morgan,
Percy K. Pyne,
Charles Abernethy,
&
Correspondence
wharve!), structures, erections, fences, walls, fixtures,
franchises, privileges and rights of the said company and also all the locomotives, engines, tenders,
cars, carriages, tools. macJilner>, mauufactuifd or
unmanufactured materials, coai, wood and supplies
of every kind belonging or appertaining to the said
company; and all toils. Income. Issues and profits
brlHlng out of raid property, and all rights to receive
or recover the same; also all the estate, right, tlt!e
and Inierest, terms and remainder of term.t, franchises, privileges and rights of action of whatsoever
name or nature. In law or lu ctjulty, convoyed or asBlgncd unto the New York & Eric » ailroad Company,
or unto the tirle Itnliway Company, by the Uulon
iiallroad Company, by t'ie Buffalo New'iork & Erie
Kaliroad Company, by the Buffalo Bradford A Pltt*burg liallroad Company, by the Rochester A GenC'-ee
H. hno,
R. A. Lancaster
Interest.
;
Geo. Mai:cullocli Millei
Koflwell Skeel
Co.,
Negotiate Loans for States, Cities and Countle*.
Oflfer:
W^e
Cincinnati City 7 3-'.0 Currency, and Gold 6 per ct. Ms
Louis,
Mo.,
Gold
and
Ct.
Currency bonds,
Cleveland. Ohio, bonds,
Jersey City Bonds,
Rahway, Elizabeth and Bayonne bondSt
Georgia State bonds.
New Haven, Conn., 5 per cent bonda,
and other desirable and safe Inveal^nent bonds Af
Cities, Towns and Counties, paying from 7 to 9 per o«nt
Co.,
17RIE RAILWAY.-FORECLOSURE
Capital,* 1000.000
&
24 NASSAU STREET, NEW YORK,
DEALERS IN INVESTMENT SECURITIES.
BANKKRS,
47 IVall StSMd,
Stocks,
WAl' STREET.
Moller
SKLI*
ANY GOVERNMENT BONDS, GOLD, STOCKS, AND
MISCELLANEOUS SECURITIES.
CENTRAL U.LlN01i3 LUAK
KANSAS. MISSOURI 4e
AQKNCY," jACsaoHVii-uc.
Beers, Jr.,
GAS STOCKS,
No, 12 IV^ALL
BUT AKD
The old CE.STKAL ILLINOIS LOAN
stands unmoved amidst the storm. If you
wish Investments AHiOLUlELY SAKE IN
CONTINGENCY, address, for circular—" Actuary of
brittle reeds.
N. T.
G. S^. JOHTT BHKniTLB.
&
Co.,
New Tork.
LONDON ANn DANSEATIO BANS,
TRANSACT A QKNERAL BANKING Bll SINES
STOCKS BOUOHT AND SOLD ON COMMISSION
INTEREST ALLOW ED ON DEPOSITS.
,
&
G. Amsinck
Company,
BANKERS AND BROKERS,
to t^.OOO.
CO., Liverpool*
NEW YORK CORRESPONDENTS.
IVIesBrii. W ARP, CAMPBEIili 4k 00»
PABI9,
And on
Receive Depoels
Folnta.
all
and Cnrrent Accounts on favorable termi.and 4o A
Lazard Freres,
OKO. W. rUAMK & DARROW, BANKERS andNegotla
for nse tgaliut
CoBfllgnmenti of Merchandise*
P. Ct. Interest DKAW 8IOUT * TIME BILLS on tho UNION BANK
LONDON,
Iowa Bonds k Mortgages
AGENCY
Co.,
,
of the world.
COMMERCIAL CREDITS
Grant
and IJonds.
tors of Loans, Corning, Iowa
19S Broadway, Western Union Itldg, N. \ ., make
loans OD the best Improved farms In Iowa, at g t* 1
»er cent Interest. Always first Hens and Improved
farms: never exceeds one-third the cash value
The bonds have coupons
of the land alone.
•tuched, and the Interest Is paid semi-annually, at
the Central National Bank, In New York, and the
principal, when due, at the same bank. Several years
experience of the firm In loaning has shown these
loans to be
Bonds, Stocks,
and sold
and Interest allowed on lialancos. Special attention
and
nnglng from \mi
bought
Deposits received In Currency or Qold,
of defaulted mnnlelpal bonds^
The
Bonds
to suit Investors; also Gold, Silver,
elffn c.Ins.
(Irinnell.
to irlve entire satisfaction to Investors,
Unusual facilities offered fur tlio prompt collection
810
S
45 Pall nalK London, England*
CIRCULAR NOT£B />-«€ Q^ cAarff«, ftTtllftbla
NBTT ITOBK.
III.
miiffn, Jowa.
Iowa.
All these loans are carefully made, after personal
Inspection of the sccnrlty. by menihers of the above
Brms, who, living on the ground, know the actual
value of lands and the character and responsibility of borrowers, and whose experience In tUe business for the past SIXTKK.X VKAKS has enabled thorn
£r!/;Xl/AM
ST.,
&
King
S.
nA M KER
Issue
bouses of
BUKNHAM. TUKVKTTit UATT/H, ChampalgH,
NASSAV
No. 5
amoiiBK of »l,000»nd upwards, yielding KIOIIT to
TKN PIT cent aoml-annum Interest, and negotiated
In
tlirouKli the
Henry
BANKERS.
ALK
S
HATCH,
FISK &
A. C. Burnham,
ISni.l
Finanoial.
Flnanoial.
Flnanolal.
[BaUbiithcd
di
New
Street,
rOKK.
In
on on* p«r cent ibmsIb.
of one per cent OB 10 tliarc*
ud
:
7BE GKROI^ld/R
IV
CONTINENT il. NATIONAL BANK,
N«w YoM, Jan. 9, 18T8.— At the annual election
for Directore of this bank, the following gentlemen
were elected for the ensuing year
BOMUND D. RANDOLPH,
JOHN T. AGNEW,
CHAKLES BAKD,
BANK OF NETT YORK,
December 19, ISTi.— Coupons maturing January 1,
1818, on LOUISIANA CONSOLIDATED BONDS Will
be cashed on presentation on and after 24th Decem-
TIMPSON,
T.
EDand
AONEW VlcePrestdent.
ALFltED
H.
TIMPSON, Acting
Cashier.
national
Thb: metropolitan
January
York,
11, 1878.— At the annual election held on the 8th Inst, the followingnamed gentlemen were elected Directors for ihe entiling ye
ir,
tI«.
:
HBNKY
PIERSON,
L.
IS.AAC H. BAILEY.
WILLIAM H. LEE.
CHARLES ABERNETHY,
ROBERT B. MINTDKN,
ELLIOT C. COWDIiJ,
GBUROE I. SENEY.
At
ft
COMPANY,
THE EXCHANCE
SOrTHERN RAILTTAY
xo.
13
William street.
New
January
8.
York,
>
1S78.
i
NOTICE TO BONOHOLDEKS.
funding of the Bonds
of the Company ha-t been accepted by a large majority of the bondholders. InorJerto perfect the same
and to dellvsr the new Bonds with the proposed
guaranty to hose who havj already deposited iheir
old Bonds and to those who may desire to come In,
It Is necessary that the Bonds now outstanding should
be presented at the offlf.e of the Company on or Oefore the first day of February next, so that the flame
may be exchanged fort le ier;lflcates of the Company,
to be countersigned by the Union trust Company.
It Is expected that the prompt compliance by the
bondholders with ttils notice will enable the Company
to complete t-ie ssue of the new Bonds on or before
the fifteenth day ot March next.
The scheme presented for
J.
>rs held this day GEORGE
President.
J. MoGOUHKEY, Cashier.
meeting of ihe Direct
SENEY w»» elected
>
tlie
TILLXNGHAST,
West Chic
GEO.
President.
'go, 111.,
TXUB BANK OF NEW YORK, NA- PARK SEVEN PCE CENT BONDS,
TIONAL BANKING ASSOCIATION, New
January
11,
Due
York,
1678.— At the annuai meeting of Stock,
8cti List., the following-named
gentlemen were ananlmou^ly elected
bank for the ensuing year
:
Directors
Messrs,
of
S.
S.
M. K.Jesup,Paton&Co.
No. 52 Trilllam Street,
NEW YORK.
Draw Exchange on Union Bank
meeting of the new Board held this day, Mr.
R. B. FERKIS, Cashier.
rpRADESnEN'S NATIONAL BANK,
6,
18T8.— The following gentle:
and sold on Commission.
Coupons and Dividends, and
Dividends, Coupons and
In paying Interest
also as Transfer Agents.
'
Interest
collected
and
F.
Member New York Stock Exchange.
BERRY.
ANTHONY HALSEY, Cashier.
paiCAGO nCILWAUKEE
ic
ST.
^PAUL RAILWAY COMPASY. N«w YoBK, Dec. 21
Is
hereby given that a Dividend of
Three Dollars and Fifty Cents per share has been
declared on the preferred stock of the Chicago Mil.
waukee
&
St.
»OL'THERN SECITRITIES.
So. Carolina. Loultiaua, Georgia and Alabama Bonds,
Cities of Wilml»igton, t;harleston and N. Orleans Bds,
Cities of Menjplirs, Nashv'e, Vlckeburg & Mobile Bds,
Atl. & Gulf lilt. Bonds. Memphis & Chart. RK. Bds,
Texas Pacific RR, Bonds, Mississippi Central Bonds,
Houston & Texas Central Itallroad Bonds,
Georgia KB. Bonds. Georgia Central KU. B«nds,
LouUvllle& Nashvl Ic KR. Bonds and Stock,
Macou & Brunswick and No. Car. B'ds to No. Car.RR,
Mobile & Ohio and N. Orleans Mob. & hatt. RR. Bds.
So. Car. BR., Northeastern U.l., Ala & Chatta. Bonds,
And all other Southern Securities which are salable.
Bought and Sold by
i
HTM.
tt.
Paul Railway Company, payable at the
of the company, No. 68 William Street, on the
day of January next, on account of the net earn-
ings of the current yo r and that the transfer-books
win be closed on the 10th and re-opened on the 26th
;
Of January next.
JULIUi)
WAD3W0RTH,
For particulars
GREGORY & BALLOr,
6 Wall Street, Nenr York.
We also BUY and SELL, on CO.MMISSION, STOCKS
BONDS, QOVEKNMENT SECUUITIE8 and GOLD.
Correspondence solicited.
CH \S. GREGOUV,
MiTUKIN BALLOU.
At ft subsequent meeting of the Directors, RI HARD BERRY was re-elected President.
18'i7.—Notice
NINI5 PER CENT
REAL ESTATE FIRST MORTCAGES
ftpply to
ANTHONY HALSEr,
OLIVER
Vice-President.
CTLKY,
31 Plae
St.,
&
R, T. Wilson
N. Y.
Co.,
BANKERS AND COMMISSION MERCHANTS,
2 Erchange Court, New York.
G. T.
Bonner &
Co.,
MANKESa AND BROKERS,
LAKE SHORE & MICHIGAN
THE
SOUTHERN RAILWAY C iMPANY TBKAStm.
OmCB,
OBAin> CisTEii, Depot, Niw Yoke,
M7J.— The DIRECTORS of this COMPANY have this day declared a Dividend of TWO
PER CENT upon Us Capital Stock, payable on the
Itt day of February next, at the OlHce of the Company In Grand Ocatral Depot.
D. WORCESTER, TreMorer,
is'B
December
21,
«
that have remained »n deposit f,/r the last six or
three months, payable on and after January 21,
Money deposited on or before January 10
draw interest from January 1. Sums received
from one dime to $5,003. Op.-n daily from 10 to 8,
1878.
will
and Monday evenings
5 to 7.
N«w
York, December M,
1877.
Union Dime Savings Bank;
The reorganized Board of Trustees of the Union
Dime Savings Bank have carefully examined the
secnrities and cash held by the bank on the 22d day
To
the UetX)siU>rs of fie
of December inst., in order that the newly-«lected
members of the board, in accepting their trusts,
and the depositors of the bank in continuing their
accounts, might have a further and later verification
of its condition as shown in the very satisfactory
report to the
W.
aminer,
B ink Department by
Best,
J.
the ofBclal
Esq on the SSth day
,
Ex-
of laa
month.
The Trustees
are glad to report to
result of that examination,
you now, as the
Union Dime
that the
Savings Bank is not only absolutely sound financially, but has a surplus of about four hundred thousand dollars for the further security and safety of
your deposits. The Trustees also desire to state
that, in tlieir judgment, the present and future
earning ixiwer of the Bank, its admirable location,
its largely reduced expenses, aud its present harmonious management, entitle it to your entire confidence, and place it among the best Savings Bankt
No. 20 Broad Street,
WANTED
New
York.
:
Massachusetts State Bounty Loan 5b.
West Wisconsin Kallroa 1 1 Irst Mortgage Bonds.
Little Miami Railroad Klrst Mortgage Bonds.
Bt. Panl & Pacific Railroad 7 Per Cent Bonds, 1868-98.
St.
FOR SALE:
Paul & Duluth liailroad
Preferred Ftock.
& iron (_o. 2u Mort B'ds, due 1619
New York Gaslight Company stock.
SartVD « Michigan BaUreftd First Mortgage Bond).
Cumberland Coal
M
Richard
Nichols, 57 Sooth street.
JofsBPH F. Knapf, Hajor & Knftpp Lithograpk.
.
Company,
H. K. Thcrbkr, H. K. & 7. B. Thurber & Co.
J. H. Johnston, 150 Bowery.
John Cbeighto-j, 173 Sixth avenue.
Silas B. Dotcbeb, United States Appraiser.
JoBii W. Britto.v, Brew.'tcr & Co., 1,B81 B'way
Wm.
Colk, President Produce Exchange.
a.
HiEARS, Caswell, Hazard
James Beteridgs, l,2i0 Fulton
R. N.
W.
T.
&
Co.
Brooklyn.
Brooklyn.
St.,
HiMMENWAT, 459 Bedford ave,
Clinton E. Brush,
Act as agents for Corporations
Principal and Interest guaranteed.
WILLIAM N. SEYMOUR,
DANIBL B. BROOKS,
PHILANDER HANPORD,
RICHARD BERRY,
36th
Bonds, Stocks, Commercial Paper, Gold, Ac., bought
remitted.
Iobk, January
men were thie day elected Directors
SAMUEL I. HUNT,
office
of London.
Accounts and Agencies of Banks, Bankers and Mer*
3ftntlle Firms received upon favorable terms.
CHARLES M. FRY was uiiftnlmously elected Prest.
dent, and Mr. ROBERT BLISS, Vice-President.
Nkw
GREENEBAIIM,
Broker, 20 Wall Street.
WM. A8T0R,
JAMBS M. CONSTABLE,
Bia<JAUW G. ARNOLD,
CHARLES M. FRY,
FRANKLIN EDBON,
ROBERT BLISS,
CHARLES D. LEVEBICH,
6E0BUE H. BYRB,
WM. H. BRADFORD, and
JAMES MOIR.
ft
the usual dividend at
the rate of Five per cent per annum on all eoms
of this City.
CHARLES E. BILL,
PETER V. KING,
90BN N. BRADLEY,
At
1890.
A LIMITED AMOUNT FOR SALE BY
holders held on the
ttala
THIRTY-SIXTH DIVIDEND.
The Trustees have declared
I
SOLOS HUMPHREYS,
HENRY A. UURLBUT,
AUGUSTUS C. RICHARDS,
1.
riANADA
y~l
aud Sixth Ave.
Tlilrty-second Street
)
1.
of the Bonds of the above-named Company, and
for the purchase of the Bonds of the following Companies, to wit:— The Erie A Niagara Railway ComSany, the Canada Southern Bridge Company, tbe Toleo Canada Soutliern & Detroit Railway Company, and
Canada Railway Coinpany, Is
the Michigan Midland
now perfected— particular Infoi'niatlon In respect to
which will be given on application to this Company.
Bonds
the
of the above-named ComHolders of
panies are requested lo present the same as early as
possible, at the office of the Company, and receive In
exchange certificates of this Company, to be countersigned by ttie Union Trust Company, under which
new bonds wlH hereafter be Issued by this Company,
as provided for In said plan.
J. TILLINGHAST, President.
Nbw
Bi.NK,
1
10. 1877.
lifc
snbseqttent meeting of the board, Mr.
D. KANDOLPH Tss elected President
JOHN
Ifr.
November
rpHE PLAN FOR
BAXTEK,
FREDERICK TAYLOR,
BORAGE PORTER,
WM. TURNBtJLL,
OSGOOD WELSH,
BOWIE DASH.
ft
Cashier.
Camai>a Sodtreen Railway Compawt.
No. 13 William Street, New York,
LOBEMZO BLACKSTONE,
At
BROADWAY,
FERRIS,
R. B.
THOS. W. EVANS,
MUND
NA-
ber, until further notice.
TABEB,
CHAS. H. MAKBHALL,
C. C. BALDWIN,
C. F.
UNION DIME
THE
TIONAL BANKING ASSOCIATION, Niw YoBK,
H. M.
H. H.
Financial.
Financial.
Financial
XXVI.
[Vol,.
37
Walker
street.
A. B. Darliks. Darling, Qriawold & Co.
Frederick Jacobson, Swift, Sackett & Co.
T. L. jAJcrs, Postmaster, New York.
W. G. Ross, 64 Water street.
Ed. E. Poor, Denny, Poor & Co.
Wm. 8. Foon, Wm. S. Fogg & Son.
Aaron Close, 201 Greenwich street.
Wh. H. Locke, b86 and 58j Waahingtoa street.
Dakota Southern RR.
FIRST MORTGAGE 7 PER CENT
GOLD SINKING FCND BONDS.
Origlna' Issue, $600,000; .Amount
now Oulstandmf
$I5S,C0J, being at the rate of only 19,000
per mile of road.
•She
Dakota Southern Railroad nuu from Sionz
City, Iowa,
Yankton, the capital of Dalcota, a
to
distance of 63 miles.
The road has been oom'
pleted and running about five years; and during
these years of bosiuess depression the net earnings
expenses have each year exceeded, by more
over
all
than
fifty
interest
per cent, the amount required to pay the
on
its
First
Mortgage Bonds.
The sinking
fund provides for the drawing by lot of four per cent
In 1879,
the
and
five
security
per cent annually thereafter. Thus
being constantly £treugtbened>
is
and the probability that some of tlie Bonds
held by each person will be drawn and paid off
at par in gold is annually increased. The Bonds
are now offered for sale at 87^ per cent and accrued interest, at wWcU rate
cent gold interest.
WALSTON
H.
tliey yield eight
BROWN &
34 Ptn« Street.
per
BRO.,
xmtk
m:
AND
HUNT'S MERCHANTS' MAGAZINE,
REPRESENTING THE INDUSTRIAL AND COMMERCIAL INTERESTS OF THE UNITED STATES.
VOL
SATURDAY, JANUAllY 12, 1878.
NO. 655.
CONTENTS.
ing committee and the whole tone of the meeting are
26.
a
continuance of the original movement, and are very
THK CHRONICLE.
TheKipediencjr
JCT of Sliver ...^....
.
Fiaancial Condition and
Pros-
88
pect* of New York City
Oreat Brll aln DarlDg 18TT
Railroad Eaminge
is
S7
30
I
|
api
Imports
and Exports of the United
i
States
Latest Monetary and Commercial
EnglUh News
and
|
i
positive
81
82
Couimcrclal
Miscellaneoas
News
S3
I
I
I
35
Quotations of Stocks and Bonds.
Investments, and State, City and
Corporation Finances
WIDryGoods
42
Br«adstnfls
4i)
|
47
48
49
Imports. Exports and Receipts....
Prices Current
®l)^ (JI)ronicle.
The Ck)MMKRCiAi, and Financial Chrsnicle
day morning, uith
the latest neios
up
to
i« issued on Saturmidnight of FViday.
TERMS OF SUBSCRIPTION-PAYABLE
For One Year, (Including postage)
ForSIxMonths
Annnal subscription in London (Including
IN
ADVANCE;
$10
6
£2
postage)
20.
10.
58.
Six mos.
do
do
do
I 6s.
Subscriptions will be continued until ordered stopped by a wriiUn order, or
at tAs publication office. The Publishers cannot be responsible for Remitlunces
onleM made by Drafts or Post-OfSce Money Orders.
London
Tke London
Office.
of the Chroniclk Is at No. 5 Austin Friars, Old Broad
Street, vthere subecriptious will be taken at the prices above named.
office
Advertisements.
Transient advertisements are published at 25 cents per line for each insertien,
but when definite orders are given for five, or more, insertions, a liberal discount la made. No promise of continuous publicatiun in the best place can be
given, as all advertisers must have equal opportunities. Special Notices in
Banking and Financial column 60 cents per line, each insertion.
wnxiAM B. DAUa,
WIUiIAM B.
& 00., Pobliahers,
loan e. l-LOTD, «. )
79 k 81 WilUam Street,
YORK.
Post Oitick Box 4,592.
I
I^f A neat flle-cover
cents.
Volames bound
DANA
NEW
is famished at 50 cents; postage
for subscribers at $1 58.
on the same
in
18
1Sf~ For a complite set of the Cokkbrcial akd FiNiHoiAL Chbokicle—
July, 18ia, to data— or o( Hnrn's Msbchamtb' HAeAZiKB, 1839 to 1871, inquire
at the ofRce.
Vf The
Flmucial
at
It is in no wise a threat or intended for one;
means simply that the financial interests of the East
realize the duty of self-protection, and are determined,
terpreted.
they cannot stay the movement to debase the currency of the country, to brace themselves against its
THE COMMERCIAL TIMES.
Cotton
Thus the subject stands
if
|
Conmercial ^itome
significant.
it
THE BANKERS' GAZETTE.
Mone; Market, U. 8. Secarities,
Kaiiwaj Stocks, Gold Market,
Foreign Exchange, N. Y. City
Banks, National Banks, etc
and
present, but the action of the banks should not be misin-
Business Department of the CvtmmcvM is represented
New York City by Hr. Fred. W. Joaea.
latererrts In
THE EXPBDIBNCT OP SHYER,
The banks' meeting on Wednesday
among
destructive effects.
We
notice, also, that the Boston Board of Trade has
submitted to Congress a memorial on the same general
subject, which, without indicating any line of action to
be followed in the event of the passage of the bill, is
remarkable for the terseness and clearness with which it
groups propositions represented correctly as " approved
by history, sound political economy, and the opinion of
merchants and other classes of practical business men
throughout the country." Emphatic resolutions condemnatory of the silver movement have just been passed
by the Assembly of this State by a nearly unanimous
vote, and it is also extremely gratifying to read the earnest remonstrance and protest sent Tuesday from the
Chamber of Commerce of New Orleans, and to-day from
the Cotton Exchange of .Savannah. These concurrent
and hearty expressions cannot pass unheeded.
Several weeks ago, in order to show to those who apparently care for no other consideration than the inexpediency of applying to the public debt the clip proposed
by the Bland bill, we made a comparison between the
possible immediate results of such a clip and those possible under continued refunding, treating the subject,
for the occasion, from the single and narrow view of
temporary expediency. This showing, which made out
a saving of nearly 19 millions by refunding as compared with the silver clip, is criticised by the Atlanta
last unanimously
adopted the report of the committee appointed on
Saturday, the conclusion of which was that a committee (Ga.) Constitution, in a manner we sincerely regret to
should be appointed to memorialize Congress against the see. That journal pronounces our figures " one-sided
passage of any bill authorizing any other than a subsid- and fallacious," and charges that " they do not state th«
iary coinage of silver, unless the value were regulated by entire saving that would follow the institution of silver
its bullion contents.
The further duty of the committee payments;" it then proceeds to give what it calls "the
is to be to open communication with all clearing houses,
whole truth in figures, against which unsupported stateinviting concurrence of all financial institutions in the ments, however plausible, are altogether superfluous."
above-named memorial, and urging all business men to It is, perhaps, unnecessary to say that our figures were
place their affairs upon a gold basis as speedily as may carefully made and are literally correct; and whether
be; to prepare and submit to the financial institutions of this journal is a "Wall street organ," or something
the several cities definite measures as soon as practicable, else, has nothing to do with its treatment of
and to invite simultaneous meetings in those cities when- the silver question, the only point being whether ita
ever any matter is ready for submission "all with a figures are correct and its reasoning sound. But let ua
" view of attaining resumption as early as events should as briefly as possible see how our critic figures out an
" prove to be practicable." This appointment of a stand- error. First, by adding about $500,000,000 to the pria-
—
:
THE CHRONICLE
26
of the debt, he easily raises the eight-cents clip
were careful to state that only one
cipal
nearly $40,000,000.
We
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-
tions in respeot to silver as in respect to refunding. The
the term
Constitution actually assumes thirty years
^
the bonds, computes accordingly the interest saving by the silver clip, and then compares the thus swol-
for
all
[Vol. XXVI.
terms of the contract"
is
misusing language, for the "tax-
payer" and the "bondholder" are not distinct persons.
The strength of the silver agitation lies mainly in the persistent attempt to represent the people as one class and
the bondholders as another, and against this we protest,
as being false in fact 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
Even
destruction- of the public credit.
if it is
true that
very little of the debt is held in Georgia, or even in the
len total with the saving we computed as possible by whole South, to favor the silver clip is a most mistaken
That is to say, it overstates heavily the notion of expediency for the South, waiving the moral
refunding
principal sum, more than doubles the term of the bonds view entirely. Her heavy vote for the Bland bill and the
^violating plain facts in order to do so), and then com- Ewing repeal bill would appear to be evidences of a
!
pares the thus swollen silver figures with our unchanged prevailing opinion hostile to resumption; and yet the
Of course, it is easy by South has everything to gain, and in reality nothing to
figures relative to refunding.
such manipulation to turn $225,000,000 into $408,000,000 suffer, by resumption and adherence to sound finance;
and those who seek to array lier as a putative " debtor"
as " the whole truth in figures."
"We have great distaste for newspaper controversies; against the " creditor" and " bondholder" class are doing
yet the gravity of the subject, and the harm an influential journal may do in a section which (if we are to
judge from the votes of its representatives ia Congress) is greatly in error about it, are the reasons for
that section great harm, and, as
representing
we
In no narrower
it.
wholly misthan a desire for
believe,
spirit
the welfare of the whole country and its speedy emergence from the long period of trial into a condition of
But what unprecedented and real prosperity, we most earnestly
noticing these palpable misrepresentations
shall be thought of a cause which needs to be served urge the pressing steadfastly forward toward solid
by such astonishingly faulty and disingenuous handling financial ground.
.
of figures
?
We
invite
the readers of the journal in
question to test the matter for themselves upon
and judge the
data,
of
Nor
advocates.
its
tion
that
it
is
official
lunacy by the recklessness
there any point in the objec-
silver
is
impossible to fund all the debt imme-
FINANCIAL CONDITION AND PROSPECTS OF
The condition
NEW YORK
of the finances of this city
tive of imperative necessity for
is
CITY.
so sugges-
improvement that any
statistics on the subject possess unusual
and
are likely to be examined with unusual
the silver clip immediately, for several reasons, one of
the
heavy tax-payers, to whose persistent
attention
by
them being that the Government has not the silver with
diately; that
is
true; but
it is
also impossible to apply
trustworthy
interest,
which to do so that if it could get the silver, it would indifference the present condition is largely due. The
have to buy it with bonds tainted by this partial repu- following comparative statement is a summary of finandiation, and that the mints could not coin it rapidly cial condition at the close of 1877 and 1876
X>«;.31,1377.
BK.iUm*.
enough.
The case we made is hypothetical, but as
Funded debt, payable from taxation and from the
applicable to one side of the corriparison as the other,
Sinking Fund...
$121,440,133
$119,631,813
;
:
and
is
It
perfectly
Deduct bonds in Sinking Fund
fair.
would be unnecessary to follow the
Constittttion
Net permanent debt
Temporary debt, payable wholly or In part from
remaining computations, even if they were not
assessments
by the manipulations already mentioned ; Bevenue bonds, special
Revenue bonds. 1S75
fifty-five
cents
is
too low an
estimate of
the
Revenue bonds, 1876
average original yield of the bonds to the Government; Kevenae bonds, 1677
the act of 1869 did not raise the bonds from 55 cents to
120; and when the interest paid improperly treated as
Total
"clear profits made by bondholders" is stricken out,
in
its
discredited
—
—
the total of 3,200 millions of such "profits"
An
is
mate-
To refute figuring of this sort would be
any conceivable results can be produced
by simply making the requisite assumptions.
Nor
does it seem as if it ought to be necessary to
protest against the idea that the Government, after
making 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 whatever 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 in 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 moderate means savings bank depositors, life insurers, producers and tax-payers; to ask whether "the tax-payer
—
shall be denied the right of holding the
«8,896,»4r
t91,336,0»
$«1,32!),500
307,923
J33,371,400
560,848
400,000
5,004,500
510,000
5,343,600
,
$87,350,935
$28,476,846
$117,741,050
$ll»,6i:,310
somewhat more detailed and
form from this, was given in The CheokThe following
for February 10 last, page 124.
analysis of the debt,
in a different
rially reduced.
foolishness, for
31,030,007
190,368,135
ici.B
statement of debt during the last ten years is given in
the Mayor's annual message, to which we add valuation
and
ratio of debt
End^
Debt.
Vaiuatioti.
B(lM» of Debt
to Vaiuation.
1868
$35,983,647
$908,436,527
3M
1869
41,791,840
985,826,614
4-95
1870
73,373,532
1,047,318,449
1871
83,369,386
1,070,249,183
rOS
831
95,582,153
1,101,128,087
8-6«
1873..
106,363,471
1,129,191,023
9-48
1374
114,979,979
1.154,029,176
9 99
1875
116,773,7J4
1,100,931,009
10-60
1876
119,811,310
1,111,054,343
1877
117,741,050
1,101,092,093
lOSO
1069
1872
The most
shown by these figures is that
begun to decline, and
that what is of much more consequence the volume
of debt itself has ceased to swell and has begun a modLooking at the first table presented,
erate recession.
we find decrements as follows: $2,783,760 by increase of
notable fact
the ratio of debt to valuation has
—
bondholder to the the sinking fund, to be set
off
—
against $1,808,820 in-
—
January
12,
THE CHltONlCLh
1878.J
27
funded debt, leaving a net tions for salaries for the last seven years, the total for
1878 being $9,634,705, against $10,082,626 for 187«.
But there is an omission here of salaries of the teachers,
ment bonds, $252,420 in tho special revenue bonds, and the total salary account is not less than $11,337,247;
$540,000 in the total extinguishment of the revenue moreover, all the reduction proposed from the figures
bonds of 1875, and $4,604,500 of those of 1870 paid off; of 1877 is $57,772. This should not be deemed surpriaagainst these are to be set off $5,343,500 revenue bonds ing.
It is not in human nature for men to reduce their
oroaso in tho perraanont
docroase of $974,040 in that class of debt; in the temporary deV(t are decrements of $1,041,900 in tho assess
making a net reduction of $2,070,260 in own salaries or to resign their places, in order to lighten
Or, to state it more summarily, the the public burden; the motive must come from without,
result of the year's financial operations is this: $1,808,820 and it must be sheer compulsion.
If we expect the
was borrowed as permanent debt, and $5,343,500 as heads of departments to do the work, we again expect
of 1877 issued,
the total account.
temporary debt in anticipation of the year's tax receipts;
$2,783,760 was put into the sinking fund, and $6,438,820
of revenue and assessment debt was paid off; the city
borrowed $7,152,320, and paid off $9,222,580, making a
How
net reduction of $2,070,260.
—
far this reduction
is
due to transient causes such as, for instance, the moderate receipts from compounding with the Tweed ring
the Mayor does not say; but it is, perhaps, enough at
present to note the fact of a reduction with satisfactionIt
is
All
at
satisfactory to note
has
credit
city's
but one
a
or
that notwithstanding the
been abused
two
issues of
it
its
is
still
bonds
premium
the 3^ millions of
;
during the calendar year
excellent.
are
held
permanent
1877 ware
bonds issued
placed at from par to 102*05, and the city can still
borrow on such rates, at 5 per cent, any ordinary amounts.
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
one-half at 5 and 6^, with one issue at 4^; two or three
email issues bear 7, and the rest 6. Baltimore pnys 6,
except on tw© small issues at 5. Brooklyn mostly pays
Philadelphia pays 6, except
7, and has nothing below 6.
on one issue of 5s. St. Louis pays 7 on one issue, and 6
aad 6 gold on the rest; Cincinnati pays from 5 to 7"30;
St. Paul pays as high as 12; other Northern cities pay
6 and 7, with a few exceptions as low as 4 and as high as
10. Boston thus seems to be the only city more favored
than this one as a borrower.
Refunding has been and is still talked of, and the
Mayor thinks that, after paying the current premium,
the debt could be consolidated in a long bond at 4^, at
an interest saving of a million, and that one-fourth of
the total issue of such a bond could be placed among
the industrial classes.
Undoubtedly the debt needs
unification and simplifying, for there are some fifty
issues, at four rates of interest, and at least twenty-five
kinds of bonds, but this estimate seems over-sanguine;
the city has not the power to pay off more than a moderate portion of the debt even were the funds in
hand and no voluntary exchange of bonds yet far from
maturity will be made except on onerous terms. But
there are several things which need to be done.
In the
first place, the thoroughly vicious system of revenue
bonding " living ten months in advance of our income, 'i
the Mayor calls it
which is still in full operation
Bhould be abandoned. It consists of borrowing in the
—
—
—
—
early part of the year, in anticipation of the year's
taxes to be collected in tho next November, and the mischief of so doing goes far beyond the direct waste of
human
nature to turn against
itself,
have no
for they
As
has been fully and repeatedly shown in
these columns, the city government has been so buffeted
motive.
back and forth between the city and Albany, and so
tangled with irresponsible commissions and the like,
that there is no power anywhere and no accountability;
responsibilily shifts from bureau to department, then to
a powerless Mayor, and finally goes to Albany, where it
is diffused over the State and lost entirely.
The best
men, even if they do get into place, are deprived
of
ambition under such a condition.
The per-'
functory performance «f official routine, and the
obstinate adherence to salaries, may go on as long as the
city's credit lasts; but it will never change until these
radical faults are changed.
Nor would it be safe to
assume that the finances have permanently altered for
the better. It is more just to conclude that the increase
of debt has been checked, but that the tendencies to
renew the increase remain; they are inherent in the
present abnormal position of affairs, and there is no per.
manent remedy but to change that position. The best
instrumentality for doing so is offered in the pending
Constitutional amendments, which were with difficulty
saved at Albany last spring, and will very probably be
smothered by the present Legislature unless the slow
public opinion of the State and city arouses in their
behalf.
GREAT BRITAIN DURING
1877.
(By our London Correipond«nt.)
Numersae canses have
being a prosperouB one.
that trade
iaterposed to prevent the yeKT 1877 from
On
was bad, and
scarcely any
have been complaints
sides there
all
in
financial circles there
baa been
improvement, even compared with the depressed
period which had existed in the former year.
In 1876, so great
had been the c ntraction of business that the Bank
of
England
had nccumulated, in Septembt.r,a supply of bullion amountio); to
£85,017,529, while the resarve of notes and coin
£23,248,069, being
GSll per cent of
1877, however, has not been
certainly, unsatisfactory
its
remarkable
resalts,
for
t-^rms
capitalists
from borrowers.
and although
money thus
have been able
The year
such astounding and,
from a year of prosperity, yet there has been
money, and
was as mnch as
liabilities.
to obtain
it
has been
less
far
unemployed
samewhat
better
At the same time, although the value of
exhibits a slight
improvement
this year,
compared
with ISTG, the rate has been a low one and beneath the average,
while the Bank of England has held a position of much less
its resources being,
however, Urgely due to the want of enterpriee in tbis country,
strength, the diminution in the extent of
over half a million annually for interest. Of course, it the result of which has been that coneidera'ole supplies of capital,
pticcipaily foreign, have been withdrawn Irom the London maris impracticablo 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 tho 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
direction of
is
that
removing
some progress be made
in the
impedimenta having stood in the way of ac'.ive business. la
however, of ihe withdrawals of money for foreign employment, large lupplies have remained here, and for the year a
higher average than 3 per cent cannot l>« reported. The abundspite,
this shiftless habit.
—
In the nest place, expenses must be reduced an easy
thing to say, but as necessary as it is hard to have carance of idle money is, of course, due to the limited trade requireried out.
The Mayor sibmiti a fchedule of appropria- ments and to the absence oi financial enterprise in the shape ot
THE CHRONiCLR
28
fVoL. XXVI.
We
many
though
Financially, business baa been
loans and public jompaniea.
as bare in 1877 of new features as the preceding year but some
xeTival has taken place within a few days of Christmas, and the
close of the year would seem to prognosticate well for 1878.
pretension to accuracy.
Undoubtedly, the great impediment to a revival of active
business in 1877 has been the Russo-Turkish war. The war in
itself, heavy as have been the sacrifices on both sides, has not
restricted business, the real cause affecting our own trade, as well
almost inevitable, and they are dilatory
when the open market is a formidable rival. We live in times of rapid change, and the Bank must
fall in with them.
Perhaps, when the war shall have ceased,
and the Eastern Question have been disposed of if that be possibusiness will aEsume proportions which will ciUse a rapid
ble
new
;
commerce of other cations, being the uncertainty in
which the future is involved. The Eastern question is undoubtedly a momentous one, and one which affects the country to a
Tery important extent. This is a political question, and does not
as the
lequire to be discussed here
cantile
;
but, suffice it to say, that the mer-
community have throughout the year been very anxious
as to the terms of settlement, as an abuse of victory, should
Kassia eventually succeed in her enterprise, might necessitate
•ction on the part of England, which would not improbably bring
Evi•bout serious complications and prolonged disturbance.
dently the commercial classes, as long as the war continues, have
but one course
and that
to pursue,
is
a policy of caution.
It is
imperative for them to trade within their means and to shorten
credit, so that, should the day of trouble arrive, a heavy fall in
There is no
prices would have the smallest effect possible.
doubt that merchants have for a long time past been operating
with much judgment and discretion, but there has been a feeling
that, setting aside politics, the air is free from trouble, all doubtful
firms having been eradicatpd by the severe pressure which has
been put upon them since the suspension of Collie & Co., in 1873.
Ko doubt a difficulty of considerable moment exists at the present
time, which cannot be regarded as of good augury for the future,
iss., the tendency of minor firms, of respectable standing, to fail
from want of facility in procuring advances.
The want of confidence ot 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
a contrary opinion,
believe,
that the directors of
tho
entertain
Bank
Eng-
of
land do not act with the promptitude which the times demand.
They are too frequently slow in advancing their terms for dis-
when
making a
count,
a rise
in
reduction, even
is
—
—
circulation
of
money market
If the demand for gold continue, the
demand more than usual attention, and it
money.
will
would not be a matter of surprise to us if, after a long period of
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
the market but it is evident that the present perplexities of the
market cannot disappear as long as no support is derived from
;
mercantile sources.
When
this will take place, is one of the un-
The Bank and open market
week during the year have been as follows
certainties of the present time.
rates each
1877.
Bank
Open
Sale.
Market.
2
1«@1«
2
2
2
i
ya
mma
)«@i)i
Jan. 3.
" in.
" 17.
" 24.
" 31.
Feb. 7.
"
:
2
IX®!^
i?i@:>4
i?i®iji
i'/imy.
14.
21
2
2
" 88
Mar. 7.
2
2
2
iy.m\
i
a
17<@2
l7i@2
3
2
2
IX
lX®l7i
2
1X®1K
"
•
"
14
" SI
" 28.
April 4
" 11.
" 18
"
25.
l=!i@t?<
1X®2
l)i
1817.
Mar
"
"
"
'•
June
'•
Bank
Open
Rate.
Market.
2.
9.
16.
23.
30
6
13.
" 20.
" 87.
Jnly 4.
•'
"
"
Ang.
'•
2
2
3
3
3
3
3
2J4@2X
2X®-'«
3
3
i}i&9>i
1877.
Sept.
•'
"
"
iy.'o^X
m
2W®2«
1
"
"
•'
8
2>i@2}f
2"/,
H4®1«
Not.
2
18,
25.
2
a
Mimu.
1H®IX
1.
2
1!4
2
"
8.
15.
"
"
22.
29.
2
3
Bank
of
"
"
IJ.-
lX®l?i
i^aix
i
!
I
i«
2X
3
26
3
3
3
8
4
3>i@3j4
10.
17.
6
5
5
6
5
5
8«®3X
7.
14.
21.
28.
"
1
Market.
24.
31.
"
11.
Open
Rate
6.
12.
19.
Oct.
iX
Bank
2X
4>i
3X
5
4
Dec.
6.
"
18.
'
19.
"
26.
3)f
4
4
4
8X®3>i
3X
V*
4
8M
;
would prove eventually
disadvantageous to the country at
large.
This is one of the evil results of diminished confidence,
knd 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 3 and 3 per cent, having been
the former quotation from January to April, and part of July
•nd August, and the latter price in May, Jupe and September.
For one week at the end of July and the beginning of August
the rate was 2J per cent. Iq the autumn, however, there was a
to be
renewed demand for gold for export, and
Bnch
perplexity prevailed.
The supply
in discount
of
circles
gold rapidly de-
clined from £34,883,148 on
September 5, to £33,378,557 on Noember 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
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 ia mind that the times are exceptional, and
that full effects could not, under the special circumstances, be
H
produced.
The
five
per cent
Bank
rate did, nevertheless, exert
some influence. It produced caution, and it may possibly have
induced the German Government to pause in making additional
purchases of gold, though of this no proof can be brought forward. At all events, Germany was not a buyer of gold during
the i>eriod that the Bank rate was at 5 per cent, and only purchaied some supplies in the open market when a liberal
arrival
from Australia took
• reduction
in the
Bank
place,
and when
it
proportion of reserve to liabilities rose to 47 per cent, which,
considering the limited requirements of the community, has
long been regarded as satisfactory, a proportion of 33 per cent
being looked upon as adequate. Perhaps when we bear in mind
that the London money market has for some time past assumed
» position of supreme importance in the money markets
of the
world, such a reserve is inadequate; but if we are, in a
great
measure, the bankers of the world, and the present constitution
ol the Bank, from the want of a better, is to remain
unaltered
the financial position, present and prospective, must
be watched'
with keen attention, and the twenty-four directors
of the Bank
of England ought to be able, frem their
own positions as
financial
men, to forecast the future with some
are the
England returns
for
each week
:
Govern,
Cir1877;
Jan
£
3
10
17
24
8,951,381
26,684,7 i5
28,886,556
27,970,784
31
2i,908,5M
Feb
7
14
21
28
28.143,461
27,83!),29.i
27,45r,610
27,473,399
Mar
7
14
SI
28
Pnblic
Other
culation. Deposits. Deposits
£
£
ment
Pro-
Se- Other Se-
curities.
curities,
Reserve
Bullion.
£
£
£
£
6,20;<.440 25,936,786 15,969,168 19,5S2,.320 14,591,390 28,214,166
4,373,15: 28,3?5,591 18,766,486 17,516,675 14,694,918 27,997,738
Bpr-
tkm.
P.o!
4494
4434
3,955,536 28,036,716 18,267,876 17,676.106 14,317,704 27,365,214 44-23
4,101,6^23 •«,Sfi5,718 17,317,876 17.762,841 14,691,076 27,230,026
45 88
4,837,166 25,146,845 16,367,876 17,788,917 14,057,,356 26,650,241 46-39
5,61.3,338 23,5^20,174 16,001.441 17,787,166
6,832,603 22,890,488 16,001,44! 17,818,f23
6,857,721 23,152,710 16,026,176 17,516.949
7,215,293 24,039,409 16,026,176 19,071,302
27,6i9,aV2
8,295,675
8,695,941
26,961,195 8,883,936
28,286,903 n,53:),029
22,235,172
28,289,135
22,264,911
22,615,416
27,328,50,'
15,988,176
15,998,532
16,002,035
15,502,035
19,049,118
19,103,570
19,314 179
23,776,279
Apr
13,558,473
13,996,821
14,581,0i4
14,704,882
26,376,903
26,433,269
26,758.304
28.921,427
46-30
46-60
48-14
46-66
14.086,466 26,434,255 4568
14,441,018 26,499,238 46 21
14,.375,131 26,3:38,326
13,431, H52 26,464,-292
4571
391S
4
2- ,7 13, 977
11
28,934,310
18
25
2i',415,030
28,385,3'JO
9,906,041
6 835,130
6,457,402
6,473,316
23,215,615 16,308,096 •22,854,102 12,572,515
22,431,610 16.819,330 19,614,935 12,418,314
23,190,134 15,329,901 19,4)0,216 18,779,964
22,477,88' 15.329,901 19,269,702 1-2,294,320
29,415,035
28,516,885
28,479,010
28 353,781
27,935,420
6,315,550
6,638,694
6,577.40!
6,416,639
6,5i3,808
22,480,099
21,682,317
21,713,571
22,167,867
82,141,497
6
13
20
27
J'ly
4
28.283,281
27,7i9.660
7,243,548
7,314,651
8,1S3,68I
8,760,469
21,702,873 :5.214,859 19,379,635 18,1,39,463 25,225,0 il 41-35
21,13S,f 15,214,85' 18,663,592 13,031,798 2.5,761,456 44-44
21,888,742 15,214,869 18,414,-;70 14.-20i),.534 26,615,824 46-93
20,957,739 15,214,859 1(?,5:0,050 13,832,35,1 26,826,398
11
28,76:,460
38,5^8,090
2i,460,275
May
2
9
16
23
80
Jnn
18
25
-'7,406,290
27,991,015
2^774,340
was evident that Ang
rate could not be long delayed.
If 5 per
cant had the effect of checking the demand for gold, and of preventing the position of the Bank from being further impaired,
»n object of considerable importance was attained. The Bank
gained strength, more, indeed, relatively than actually, but the
merchants or
The following
in 1877
1
28,758,360
15,340,^;07 20,482.345 10,926,636 25,004,681 37-56
15,348,-194 19,646,7aj 11,'290,864 21,837,739 40 14
15,364,904 19.365,168 11,514.653 24,993,663 40-75
t5,.364.904 19,347,395 11,784,442 81,854,49: 40-8.3
15,364,904 19,082,723 12,053,76;
5,009,187 42-00
5,727,634 24,894,691 14,989,321
3,761,325 26,371,322 16,089,088
5,351.,334 21,6:e2,345 15,8-9,088
4,904,907 23,669,007 14,989,088
20,4'9,201 13,174,000 •26,948,340
48X
18,289,670 13,911,797 27,679,'257 45-70
""
18,';49,651 14,031,602 •27,629,
46-33
18,179,016 13,569,'230 •27,029,605 4703
28,546,860
28,203,210
27,900,545
5,869,634
6,276,390
4,604,066
4,295,440
4,302,42D
28,169,635
27,706,770
27,635,275
27,393,950
4,.315,0S4 22,716,354 14,734,568
4,,5i»,919 22,730,44! 14,174,568
4,879,248 22,224,951 14,121,091
6,274,794 2!,73ti,577 14,181,093
19.611,321 11,723,513
19,9,17,560 11.778,58
19,634,015 11,399, 04
19,588,932 II 95,25'
28.760,025
28,357,190
i8.301,5CO
27,691,175
28,112,645
6,026.591
6,039,600
5,147,500
3,938,276
4,030,473
20,805,934 15,(193,668
20,621*,63i 15,718,604
•21,801,793 15,718.tOI
21.400,826 15,143,604
20,596,(i94 15,123,604
19,6-29,110
27,6.38,130
3 121,946
80,.'-,30,fi03
8 28,898,756
IS
S2
29
23,079,821 16,243,605 18,415,792 1^2,983,171
81,640,789 14,990,534 18,027,819 12,172,503
82,462,403 14,990,554 18,271,813 18,060,017
14 99,',554 18,196,144 12,119,949
23,013,944 14,910,568 18,519,555 12,128,874
Sep
5
13
19
26
Oct
3
10
1?
24
81
Nov
7
14
21
28
27,894,875
26,908,660
26,764,365
Dec
5
27,375,240
12
19
S6,441,0U(
26,7!6,411
26
•26.715,441
.'5,984,683 38-76
85,984,669 4200
26,194,994 42-68
25,879,710 4200
14,408,604
3.422,-248 21,177,376 14,098,'04
3,602,313 19,997,67r( 13,178,372
3,864,484 20,376,485 13,518,372
10,064.149
18,576,244
18,5M,766
18,633,15b
86,741,531 45-00
26,071,538 44-63
2.5,6fl6,8r 44-PO
25,323,159 44-24
23,029,219 43-88
24,882,148
24,486,351
;4,433,679
24,289,207
9.721,113 •23,431.19
9,431,126 22,783,316
9,478,4:3' 22,732,939
10,002,506 28,693,630
9.678,797 •22,791,448
18, '56,940
9,141,427 2?,^278,557
17,834,96'
9,698,692 82,293,467
17,408,033 10,660,990 22,669,850
17.054,338 11,647,182 23,3H,34
4,656,903 19,629,343 1,3,182,886 17,476.305
5,880,000 20,376,383 13,2S.S,62il 17,907,686
5,702,458 20.856,808 13,,335,957 17,960,39h
5,942,8',9 20,183,367 1,3,383,176 18,441„363
42-59
42 '55
4S-36
43-Bl
37-n
36-49
36-87
38-S8
37-12
33-95
11-18
44 44
47-02
11,604,603 •:3,6'8,003
08
12,488,700 2:i,930,'270 47-90
12,6-;7 715 24,092 365 4810
12,'834,0S6 24,03 2,070 46-S8
The returns of the Bankers' Clearing House for each
the past three years have been ag follows ;*
week in
Januart
isrs.
1876.
£~
i.sr:.
••
tfi
Ifti
l.H>
(K)l
9
as
July 6 na.rnfl,,000 121.R4»,flCOl5», ;h .000
"
1(11. :.r»,,(K10 (•R..S,',(l,llil0' IKl,,7,v,(0'
!ii;i.HL'r.(Mo,
l»)
",'iUJ|
n
"
ih; l-'i.S'i'J,i,'lllO101,li(ll,(Hin;il5,
'.0
SI
Wi.SiM.
l,",,S
INNI
Feb. 8
"
with regard^to
1877.
£
12 Ill,SH?,0l.'O ua:!
lu I4W,I>>>.I0U ISS.l
"
1K«.
IbTS.
111:,
<i!
Hi
113,1
hi
m\
m
>
:ii(;.(H>.i
'
():ki
SI,
11I..I
1.
r,.
U)
.7.'».l)
(I
millfi H^il.cOO
:ii.i
a.i»r'
I
•
,,
13
':,..0.1,000
107,7:1!.,,0
"i .f(W,(K»)
" ao 88.83S,,ro)
" «7 105,887,,00
92,1,420,000 99 JHH, CO
73,.las.odol 71 ..'ir.,0(«i
4 110,54.\,00(1 UKl,I,'i!i7,00(l10(l ,-too.i 00
••
,i'(«,nfO
11 111,223,,0(0 8J,,914,«IOj !I3 ,i;7.(Ki'i
11 :.7','7.000
" ll< 9\B39,,000101 ,?4'I,''0J 11 .3(ll.l'<io
"
.4;s,'(io
SI, 181 ,I)M. 76,,0(16,000
fS,0i2,,000 80,,31:i,00o
11I',B77,.(XKlllin.,4M,CI00 NOT.l 12^,193, 000104 ,494,000
.COl.OO'
'•
,000 g.*).,479.000
S!)-t.' 00
8 95,119,1OOC; 91,.157.000
" l^ 118,3SI, oooj g«,,411,000
I05,27i ,000108,,9i;i.(W
.377.000
" 22 8i,6J7, COOi 89,,(567,000
84,':79,,no:
84, ( 37,000
,.').|2((>i
" 29 129,724, 000 81,,812,000 81 .384.(>ro
9«,71I9,,000! '9.,8I",0(«
80,S»),.(W 100,,7(W.O00 Dec. 6 88,230,,OC01I2,i,820,0011 101) .-.iia «'0
" 13 118,518,,000| 81 ,iai,f,oo U:() .(174.10(1
W,0fl(l
,OIjO| 84,,(
••
ao 98,7(14,1,(X)o:m5,,798,000 91 ,218.0(10
96,095,,000 lOli, I.34,0
"
,000i
81,,800,000
73,431,
72,022.''joo: 65,1,S(j8.0iiO| «91,371,000
.-.^7.01
7',i.
Ap'i
i::,i;«>'iiii
..')
i",0«l
li
78, IS.'.KIO lOcl.
I
"
M.S^I.IK
-•ij.
«
I
May
"
IS!>,«W,00
3,
!l4.(i62,0(;O
lol
•'
171 l|i..'>13,000
" «1
»1.207,nOO
" 31 iH.aui.ooo
J'ne 7
"
••
1C'.!I50,(XIO
14
14.'),.')(>7,00<)
81,
«5,r70,OOU
107.254,0)1
The weekly
•
m
colama apply
dat>!B In the Aral
quont yeara the day of the week
ia
given
a:^
to the year 1875, but In oubae
near the aame date ad possible.
The {ollowiDg sUtement shows the stocks
week in 1877 bj foreign banks
of bullion held each
:
WeL'k ending-
10.
1,
11
**
.1
February
24
31
7
n
89,195,0(10
89,236,000
88,798,000
88,873,000
21
»8
Much
7
14..
21
<•
u
e8.4*.4,000
89,138,000
89,814,000
88,642.000
87.936,000
f>7 988.000
88.175,000
88,3)9,000
88,460,000
88,972,000
89,876,000
90,639,000
91,285,000
90,86J.0CO
91,064,000
90,982,000
90,150.000
88,738,000
88,191,000
8-,12S,000
M, 705,000
87,58 ;,ooo
88,504,000
88,705.000
28
4
April
11
18
«•
25
2
9
U
16.
n
23
30.
June
6
13
20
27
4
Jnly
11
18
tt
25.
August
1
8
1*
15
*•
22
29
September 5
88,497,(
3
10.
!>6.595,000
17
24
85,9;.2,(X)0
19..
'
October
28
„
t«
80,861 OOO
85, 91,000
81,975,000
84,466,000
31
HoTembei
7
14
SI
tt
«i
81,238,001)
28
December
88,990,000
83.488,000
83,117.000
5.
12.
«»
19
26
The
00
88,;04,000
88,440.000
88,890,000
88,503,000
87.724,000
12
...
Vienna.
Berlin.
Paris.
£3ti,420.000
86,028,000
87,072,000
87,668,000
88,097,000
8S.149,«)0
3.
8J.t8.',000
Associated
Banks.
£25,561,000
fis.ieo.roo
25,118,(00
12.768,000
13,660,000
18,680,0(0
I3,66O,0OJ
£«,!'83,'00
7.994,000
8,277,(OJ
8,194,000
8,036,000
2ti,042,000
16,042,000
S6,«6'>,000
8;,5«7,000
27,728,000
S7,S03,000
27,443,000
13,1161,000
7,602 000
13,681,000
13,661,000
13,661,000
7,li5,(.00
27,.32«,000
1.3,661,000
.^,71X1,000
27,338,000
13,661,000
13,661,000
5,,W8.00O
27,!i6'(,000
•,414,(X0
6,874,000
4,- 82,1)00
the future of
that country, aa
1.3,661,000
13,661,1100
28,22;i,roo
13,(162,000
28,552,000
28,554,000
13,602,110')
61,000
1,478,000
4,0,36,000
13,664,000
4,300,000
3.962,000
4,060,000
4,106.000
27,923,i^0J
17,728,00(1
27,55;' ,000
13,'
13,);6J,0(.0
4.(122,000
13,6fi2,003
13,662,000
13,662,000
13,662,000
4,854,000
4,270.000
3,968.000
3,888,000
2r,bS5,fl0J
13,662,l'00
3,670,01
27,939,000
27,861,00)
27.397,000
27.396,000
27,504,0
13.662,000
13,662,000
3,24 (,00
3,490.0;0
4,252,0
4,252,000
3,7:6,010
2,996,000
27,853,000
27.6( 8.000
13,««a,0(10
3,862,000
13,862,000
I3,662,( 0)
13,662,00
13.663,000
13 662,000
13,662,000
li,C62,000
13,66?,0C0
13,663,000
18,662,000
13,662,000
13 662,000
13,662,000
13,662,000
] 3,662,00)
13,662,000
13,662
13,862,000
13,662,000
!
27,2 6,000
27,398,0CO
26,640,01
26,548,000
26,769,000
24,511,000
24,511,000
24,474,000
24.271,000
I
23.5»5,0(jO
23,114,000
23,359,150
<S. 369,000
23,419,000
13.816,600
S8,S2.5,0Ufl
23,679.000
24,C57,001
1.3,662,(0)
34,1,V4,0J0
13,662,000
13,662,000
24,175,000
34,429,000
I.3,66-',000
13,862,0C0
2,79(1,0,0
2,82H,000
8,OOfl,0(IO
2,690,000
2,,352,0
3,20(1,000
3 999,(100
3 98 .',000
3,8.M000
3 830,0(10
3,765,000
3,418,000
3,302 0(jO
3,404,0(0
3,188,000
war was
to
b«
so
it
distant
wm
feared,
and
The war
bitter,
East
haa
been very frequently described as one of surprises, and the
domestic crisis in France appears to bavs terminated in •
fortunate surprise, as the President of the Republic has given
way on most of the points at issue.
It Is remarkable that
throughout the crisis the value of the French funds has been
well maintained, but this has been due to the support afforded
civil
inevitable.
in
the
by the French Government. This plan Is very common to foreign
governments, and has been frequently adopted in France.
There has throughout the y»ar been a steady demand for Investments of a sound character. Several colonial loans have
been introduced, and they have been rapidly subscribed. There
has also been an Indian loan and an issue of Exchequer bills.
Although yielding a very moderate rate of interest, the capital
has been easily procured, as there has been an evident desire to
make
The demand
secure investments.
to invest
money
profit-
and yet securely, has been great daring the year, and consequently securities of acknowledged soundness have suffered no
depresiiion.
Consols have been dealt in as high as 97|, which
ably,
nearly equivalent
the highest point attained in 1876,
to
which was 97}. The high prices current for British railway
shares which prevailed in 1876 have not been realized in 1877,
but only as regards Caledonian stock has the yield of interest to
the investor been in excess of 5 per cent. The fall in Rassian
stocks, compared with the highest point reached in 1876, has been
about 20 per cent and there has, of course, been a heavy
fall in Turkish descriptions.
French stocks have maintained the
best points reached in 1878 but Italian have been scarcely so
good. Austrian and Hungarian bonds have fluctuated considerably in value, owing to the delicacy of the political situation and
in the market for United States bonds, there has recently been
;
;
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 investments have t>een upon a restricted Ecale. There has been some
appreheusio3 with regard to the fioancial condition of liussia,
owinf; to the heavy burden imposed upon the resources of the
country by the war. That the war is a serious expense, and that
owing
some depression, the
America having checked
has been very
prejudicial to the interests of United States finance, and althongh
it is well understood that the Government will veto any bill
which shall advocate the payment of the debt in silver, instead of
gold, yet if there are no sellers of stock, there are not, on the
other liand, buyers, and an adverse movement is easily inaugarated. There has not, however, been any actual depression, the
downward movement having been speedily arrested.
On the outbreak of the war, Indian railroad securities were
(latter
but the weakness was temporary, and of late a g3od deal
attention has been directed to them, more especially as some of
the companies have been paying 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 1878, 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 compared 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
Aiuerlcau market, owing to the adverse rumors which were circulated 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 advan<:e. The shares of the
Standard Bank of British South Africa have also realized higher
lurlher
silver agitation iu
investments.
The
silver
agitation
;
;
8.752,0(10
3,690,000
3,954,(00
8 6':4,0OO
8, 8i 0,000
3,914,0OJ
3,432,000
unsettled state of political affairs has throaghout the year
circumstance
that the finances of the Uovernmtnt were previously understood
to be in a somewhat embarrassed condition, are well known
(acts
but through the operatfon of a Continental syndicate the
stock has been maintained at a somewhat high point.
SpecuUfelt,
appeared
parties
;
57,7J5,000
27,766,000
27,891,000
8J.(il.\0Ofl
the burdens are more heavily
political
that
is
New York
Janaary
29
I
£
Jan. 5 iiM,or.',00O 135 WVl
••
THE CHRONICLE.
la. 1878.];
to the
quotations, but
if
home banks, excepting National
Provincial, are,
anything, rather weaker.
Waterworks shares have risen considerably in value daring th«
owing to the proposal which Is under discussion for the
year,
Metropolitan Board of
Works to
own
to the metropolis into their
take the matter of water supply
hands.
During the earlier weeks of the year, although the political
situation was a cause for anxiety, the trade for wheat was quiet
tors for the fall, believing in a collapse in Russian fioance, have but firm.
The average price of homo-grown produce did not
on several occasions during the year operated somewhat exten- exceed .^Is. 2d., but when the peace was broken a rapid upward
sively but they have only done so at a heavy loss.
Thoio losses movement to 63s. 9d. took place. That price attracted, however
brought about some rather heavy failures but since the futility liberal supplies, and Russia sent large quantities via Baltic
of fighting against the syndicate has been perceived, business iu ports.
The financial necessities of Russia and the low rate of
Russian securities has been rather limited. At the time of the exchange have compelled her merchants to ship as freely as posfall of Kara and the surrender of Plevna, prices improved
but sible the produce of the soil, and the result has been that if there
latterly the market has been very sensitive, the anxiety about the has been no abundance the importations have been adequate to
fatnre being very great.
our requirements. The harvest In this country was a poor one,
The domestic crisis in France has been an event of importance but in the United States it yielded a very satisfactory result, and
daring the year. At one period serious apprehensions existed from the Atlantic porta large quantities of produce have been
;
;
;
;
——
THE CHROMCLl
30
already received. In spile 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
price.
have been diminished to a very important extent, this is a
favorable feature. Cheap bread is, of course, calculated to improve trade, but political affairs are now the chief drawback to
our prosperity, and until the political prospect is brighter very
hope of improvement ean be entertained. The depreciation
of silver, which diminishes the purchasing powers of the silvercurrency countries, is also a, drawbick to our export trade, and
Stimulate3 imports but a remedy in this respect seems remote,
as large supplies of demonetized silver have yet to be disposed of.
little
;
RAILROAD EARNINGS U DEC, AND FROM JAN. 1 TO DEC. SI.
W^e have now the reports of twenty-two railroads for the year
1877, (with the exception of the last week in December en two
minor
roads),
and their gross earnings aggregate $77,713,196,
against |78,189,781 in 1876, a net decrease of only $477,583. It
hardly necessary to call attention to the fact that the gross
is
decrease in earnings
up
is
quite unevenly distributed, and
is
made
by a considerable decline in earnings on a few
appears that four roads in the table below show a
in great part
roads
..
..
..
— thus
it
which is
balanced on the other side of the account by an increase, of more
total decrease in their gross earnings of $2,374,995,
In taking a general glance at the transactions of the year we
find that the first seven months were quite unfavorable, as compared 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 railroads embracing the western graiu-carrying
roads in one group; the east and west trunk lines in another;
and the Union and Central Pacific in a third it 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 California.
What then were the principal circumstances affecting railroad
earnings in the year 1877 ? Without particular regard to the
order of naming them, the following were salient points of
the year: First The exceedingly low rates on the trunk lines
during the greater part of the year, and a moderate decrease in
the volume of business on those lines. Second The diminished
crops of 1876 in the West and Northwest, leavinga small volume
of freight for the railroads in the first half of 1877, which had
to be carried at the low rates previously ruling, in consequence
of the " granger" decisions against the railroads, and the sharp
—
—
—
—
—
competition for business among the various lines. Third The
exceptional prosperity and increasing population in northern
Texas, Arkansas, and Missouri, which helped the'railroads run-
Ding into those sections.
Fourth— The steady businees on the
main line of the Pacific railroads. Fifth— The great crops of
1877, which changed the entire situation when they began to
come to market. Sixth— The agreement among trunfe lines,
both western and southwestern, which were made in the Fall
(or the maintenance of better rateg for freight.
Unfortunately,
we have very
little
possible to ascertain whether an increase or decrease in earnings
is due to a variation in the tons of freight and number
of passen-
gers carried, or to a change in compensation received. For 1877
we have the reports of the New York Central & Hudson, Lake
Shore and Michigan Southern, Boston & Albany, and Erie, all for
the year ending September 30, 1877, and from these are compiled
the following table showing the relative amount of business
done, and the gross and net earnings made on these leading trunk
lines, in 1876-7 and 1875-6:
N.T.CSi
Hudson,
FreightTons carried...
Carried
1
L. Shore
Boat. &t
Mich. S.
Albany.
Carried 1 mile
Av.rate^mile,*.
8,919,433
3;«,«47,335
9,784,8111
5,203,851
157.948,856 103,278,126
$002l;7
isVilti"
4,867 2.38
170,8S8,580
21 884 8-28
748!962'887
"'''"'•°°'
*0o'l46
*!^'fi'"i'.
".632,924
»13,2I4,434 $6,76?.147
8.909.875
!,167,I0I
9,251,493
353,136,145
AT.rate^mile,^
tOU-191
Earnings
Gross
$23,046,588
Net
11,92-J.416
Best.
Mich.
Albany.
S.
Erie.
3,104,353
5,5^3,352
167,635,06:3110,644,410
5,015.810
163,0T4.706
Total.
$14,417,030 $7,074,768
4,890,720
2,391,764
$15 853,461
|0O155
3,621,360
22,981.995
794,490,823
........
$60,390,887
8i,836,160
This exhibit of the total freight and passenger ii:ovement on
the four lines named, "and their gross and net earnings, is comprehensive, as giving a general idea of the trunk line business for
the year ending September 30.
The prospect
for good earnings in the first half of 1877 is very
provided freight rates are maintained, and the recent meeting ol officers and agents in this city indicated that this fact is
understood, and that cutting under will not be alio ed if it can
be prevented. In December the grain receipts at Western marfair,
shipments thence, and receipts at Atlantic cities for five
years past, were as follows:
Receipts at St. Louis, Peoria, Chicago, Milwaukee, Duluth,
kets,
Detroit, Toledo
and Cleveland for the four weeks ending Dec. 29
1877.
1876.
9,73S,636
10,560,163
1875.
8,661,061
1874.
:
1878.
10,4 !4. tee
1,570,166
Shipments from the same markets same time:
1876.
4,938,806
1877.
4,781,222
1875.
1873.
4,614.745
1874.
2,i32,104
3,637,639
Receipts at Atlantic ports for the game time:
The
1876.
18:5.
6,584,608
8,76i,950
•
December
receipts in
1677.
4,599.736
Philadelphia.... 2,633,680
Baltimore
3,216,600
Boston
894,031
seaboard
Orleans.... 1,108.853
Portland
Montreal
Central Pacific
&
Chicago
Chic. Mil.
St. Paal.
.
.
CI. Mt.V.& Del.& brcUs*.
Denver & Rio Graude
Grand Tranis of Canadat
Gt. Western of Canada*.
.
.
& St. Joseph...
& Western.
Hannibal
Indianap. B.
Kansas Pacific
Michigan Cenlral
Missouri Pacific
Mo. Kansas & Texas
PaOucah & Memphis
&
T.H. (br'chs)..
St. L.A.
St. L. Iron Mt. <fc S
North
St. L. K. C.
San Francisco...
St. L.
L.div.*
S. E
St. L.
&
&
&
—St
Ken.div.»
Teun. div*
fio
do
Tol. Peoria
& Warsaw
m
...
Wabaah
Total
1878.
168,400
86,831
389,284
145,480
18.766
12,5:36,991
8,762,«38
dbokubek.
Inc.
$37,033
39,066
1876.
$231,500
$304,447
13!i,5j4
90,483
1,424,317
1,:M7,000
334,184
669,000
21,338
73,017
776.966
831,315
1:W,49J
93,117
Alton
&
lABimsa
1877.
Atchison Top. & S. Fe ...
Burl. C. Rap. & North'n.
were divided
1877.
New
Total
SBOSB
1873.
6,758,«0
cities
:
1876.
3.385,460
1,745,200
2,296,400
643,341
.
.
1874.
6S6,823
at the
as follows in the past two years
New York..
Dae.
77,817
S9,6J7
3i 4,851
610,988
19.585
41,415
608.376
£8,'.U
1,807
31,603
168,589
92,963
4.375
3:J8.333
132,117
113,666
216,927
80,5»
343,368
495,630
317,949
856.0 ;1
19,433
40,920
52i,100
258,683
108.542
38,310
24,010
9,667
90,687
361,784
324,214
296,466
17,104
64,300
507,761
231,173
113,894
43,309
21,997
10,153
98,071
393.068
$6,932,031
$6,686,181
26,.341
m.OOi
28,623
6,265
40,445
Vs'.isb
!4,.336
S,4M
S,1Bt
S,MB
2,013
485
7,3M
30,884
Net Increase
$491,807
243,897
$243,910
* Three weeks onlv <^f December in each year,
For the four weeks ended December 89.
For the four weeks ended December 28.
t
j
eaoss lABNiMas from jahcast
1S77.
$8.6(iS,838
1,819,681
Top. & Santa Fe
Burl.C. Rap. & Northern.
At.
Central Pacific
Chicago
16.784,319
4,483,558
8,116,480
376,TO1
Alton
iSp
&
Paul ...
CI. Mt. V.& Del.& brchs*
Denver & Rio Grande. ..
Chic. Mil.
St.
781,8ti5
Grand Trunk
Hannibal &
Ind. Bloom.
Kansas
St.
&
9,417.074
3,950,684
2,014,867
1 ,207,662
3,879,710
3,854,851
3,174,330
189,583
615,784
4,49«,217
3, 150,477
1,:«0,45S
607,618
Joseph..
Western
Pacific
.
;.
Missouri Paci«c
Missouri Kansas
3b
Tei.
& Memphis ....
A. & T.H. (br'chs)..
Iron Mt. * So
Kansas City & N
Paducah
St. L.
St. L.
St. L.
St. Louis* S.
1
to
bichbib
1876.
31.
Inr.
$2,486,583
$177,845
1,138,071
13,134,712
4,961,528
8,054.170
181,810
365,399
469,837
9,878,172
1,339,798
476,970
144,908
3,97(1,073
1,877,695
1,463,804
3,000,799
3,714,531
3,817,379
807,473
498,744
4,0;.8,014
19,48S
137,'n8
235,'i«t
273,911
1:39.730
42,969
17.890
16.980
494.173
13,197
Tenn. Div.*
Tol. Peoria &, Warsaw...
149,340
l,10j,6>)8
1,411,7,53
Wabash
4,495,6a3
4,403,615
92,078
$77, ri3,196
$78,189,731
$2,O0O,73S
3H.449
do
Total
N«t decrease
*
Dee.
62 890
10,80*
811,438
3,137,880
1,836,469
608,856
328,163
151,946
.
Francisco.
St.L.&So.E.— StL.Div.*
do
Ky. Div.»
M,Olt
6M
S,714
2,60«
303,090
$8,476,313
477,585
Three wests only of Dacember in each year.
have but recently reported their earnings for Nov.:
sBosi lABKmas in novembib.
$14,7..8,e89
3,909,050
Atlinlic
*
Great JTestern
Dakota Sonthern.
Mobile & Ohio
Nash. Chat. & St. Lomls..
New Jersey Midland
Philadelphia
"^
Barnings—
Slf
carried
Caniedl mile..
Total.
6.35l,!)58
S,64i,284
4,601,657
6,182,451
20 777 748
mile.. 1,619,948,685 1,113,985,311 313,882,671 1,11J,588,3J0 4 183 )42'887
"-, .-.^.ooi
,
carried
&
L. Shore
Tl»» following companies
Brie.
Passengers—
Number
Number
Gi«»tWestem
information during the year
as to the volume of freight passing over the different roads, and
it is only after the annual reports come out, one by one,
that it is
1876-7.
N.Y.C.&
Hudson.
1875-6.
Passengers
18:7.
18.636,091
or less importance, on thirteen roads.
[Vol. XXVI.
$61,264,5.55
Sl,618;950
Freight—
^•'''*'''8''
5,489,K8
2,!-)41,274
5,972,800
20,806,862
„
n?,'',3?r'*^--.
Carried
1 mile. .1,674,417,055 1,061,841,419 301,6.'4,383 1,010.431,921
4,05i;345;:a:i
St.
St.
&
Krle
Joseph A Westarn...
Paul & Sioux City....
6I0UX City & St. Paul.
UnlonPaciflc
ToUI
Net icoreaae
.
.
.
1877.
1876.
$377,639
84,307
$896,313
a:.2.766
884,5:K)
153,731
63,63:
353,4.6
69,392
b7,444
147,193
4\t,«51
17,397
Increase.
$«1,3'6
7.010
51,288
5\589
1,113,(09
35.593
1,836,487
$2,630,496
$2,498, :79
$
31,834
11,583
°3',4M
6'),981
.307,900
Decrease.
45,546
I8,tS»
11,855
13,653
131,471
$181,079
83,317
$16S,7ffi
——
Januaiit
mo*
to m«tiicbib
80.
iDcreate. Decrwise.
flOI.SBT
?189,ll<
1,678,828
,78l>,70«
1,558,'(80
S7,4M
tUJKM
614.498
10,736
«,91M80
8,054,6W
4«>,088
498,8i«
808,896
53,111
11,517,360
411,957
KSI,3J8
33l,8aO
11,695,8:3
$lF,SK,897
$10,879,168
$106,553
,K6,M I
1
Erie
A
Onlonr»ciflc
ToUl
l
1876.
Bt. .I08CL1I1 .S Wcttern
Sldux City
Bt. Psiil
8I0UX flty
St. r«ul
*
jamvakt
1877.
DUota Sonthorn
Mobile A Ohio
NaibT. Ohatt. A 8t. L.
New Jencv HldlaoA
*
$S,'241
3«'.6b2
95,025
818,521
t663,N17
557,205
Btatcmonts for publication:
{iiruliih
>-Jan. 1 to Not. SO.
-Not.-
& Sante Fe—
$5,432,328
130,893
1,188,508
$2,282.1.^6
1,082,848
$195, 180
$125,264
$1,243,820
$1,199,790
$94,908
7i,835
$1,120,327
752,a50
$1,037,6?S
$235,813
Operating expenses
Net earnlnga
Burl. Cedar liaplds
$138,935
88,016
Ifet earnings
t:j,053
$367,3n
$^6,008
35,830
$30,029
25,483
$3S4.889
273,086
$10,178
$4,547
$81,783
$50,969
Mt Vomoa A Del. and Br'chs.—
Oross e&rnlDgs
Operating expenses
Netearninp
Kansas Paciftc—
arcs* earnings
Bxpenses
$233,691
158,338
$3^4,188
182,!»!I8
Heteamingt
Nashville Chatt. A St.
Gross earnings
Operating expenses
$181,195
$125,853
$158,781
taxes
90,7dO
$147,193
S»,I55
81)1,770
$61,033
$67,951
$s7,901
$2.783,87i
$3,1136,442
1.737,712
1,603,694
$l,23?.70O
$1,180,178
$l,58f!,ll4
$1,658,680
973,978
950.443
$684,702
$635,701
Operating expenses
62,TM
$634,234
601,504
Neteaminirs
Padncab A MemphisGross earnings
Operating expenses
$9,725
$132,730
$tS,931
$62,521
$614,493
$110,151
115,310
$190,S«9
Neteamings.
FbOadelphla A Erie-
$7,014
$958
$54,811
$47,019
Gross earnings
Operating expenses
$353,446
175,751
$307,900
$2,915,2.50
1,S92,388
$3,054,687
174,237
Neteamings
$177,692
(133,663
$1,023,862
$1,016,805
Sonthern Minnesota
OrosB earnings
$81,870
$71,450
31.86}
$623,107
S5$,6I5
$681,133
40,467
$15,403
$39,534
$265,462
$196,092
A
143,3iO
$158,075
Gross earning?
2:i8,9S5
Operating A gen. expenses.
NH
NY
Saco,
Krie, Pa....
Fairfield, Ct
F. Eiv.
S.
37,9t;9
9,664
Mass
17,100
S.
T
116,803 1,638.752
31,537
66,22;
1,016
5,227 S.
Genesee. NY
C
Glon^Icr, Ms
GtEHar.NJ
3;5,0I1
217,743
$3,974,117
2,109,795
$3,491,580
2,052,4)8
$232,589
$l,£6i,322
$1,441,642
83,225
$533,476
419,694
$666,253
417,689
$l?,670
$148,781
$14S,e<4
$460,.332
Huron, Mich
Key West, F
L E liar, NJ
Mb
Mic'gun,
M'town. Ct.
Milwauk,
W
Min'sota,
M.
St.Mary'8,
3,238
A So.
$51,795
$14,146
198,207;
6J,'97b,
$99,597
25,113
$299,779
250,150
$.306,379
22,271
$5,037
$4,4S«
$49,629
$41,576
$14,618
9.914
$13a.93<
$141,719
8,83)
111,683
ni!,8iS
$1,957
$4,784
$57,251
$2S,^ai
$67,414
$55,589
26,308
$198,27«
815,574
$534,338
325,778
$38,058
$29,281
$183,002
$208,552
$49,251
20,618
$.36,598
$)03,S95
211,833
$334,820
227,4i6
$27,^60
St. L.
A
So.
$10,793
Neteamings
Paul A Smnx City—
Groeseamtn^^s
Operati ng expenses
8t.
Neteamings
Sloax aty A St. Paul
Gross earnings
Operating expenses.
2.),.386
Neteamings
Union Pacific^
Grosseamings
Operating expenses
16.640
$23,603
$1,115,009
410,493
$18,353
$1,233,487
483,607
$97,063
$107,394
$11,647,350
4,83d,43S
$11,895,873
5,020,927
Neteamings
$797,9-0
$704,516
$6,708,914
The following figures haTe but recently^come to band:
.
Grand Rap'ds A Ind.Grosseamings
_
Neteamings
1876.
24!36o
64,150
$41,(18
$302,660
(218,501
.
187«.
^-Jan.
1
692,147
to Sept. 80
—
187*.
1877.
Rio Grande.—
Groaa earnings
$73,737
Operating A other expenses
31,883
Neteamings
$40,354
$
$.643,7^8
$.
277,3m
$266,372
IMPORTS AND EXPORTS FOR NOYEMBER,
4r,9ii
"9i
14.669
Boston, 133,216.
t
T
1877.
Statement, by Custotne Districts, sUowing the valaes of merohandise imported into, and exported (rom, the United States
daring the month of November, 1877:
...
8,485
e,ouo
3,690
....
33l',9i8
93,236
1,204
5«,1S9
10,835
1.183,31»
Ga
16,375
437,205
York, Me...
YorktowD, Va
Not reported.
tl(^ totala for
f
the
month
Imports. ..436,244,901 Domestic exports. $64,581,020
Specie value of domestic exports, $62,922,322.
|
I
New York,
1,121,577.
of November:
Foreign exp't«.$l,-i93,80T
Comparative statement of the imports and exports of the
United States for the month ended November 30, 1877, and for
the eleven months ended the same, compared with like data for
the corresponding periods of the year immediately preceding:
to Dec. 31, 1817.
[SPECIE VALUE?.]
1877.--
Month
of
Not.
Merchandise.
..
Foreign
Imports
1876.
1 Mos.
ended
Nov. 30.
1
$£2,932,322 $518,314,150
1,493,S97
11,531,7^3
$()4,416,2I9 $550,04.5,883
35,241,601
449,569,813
Month
of
Nov.
.
Mos.
ended
Nov. 30.
11
$57,488,954 $501,448,544
1,615,522
13,218,688
$69,104,476 $617,667,280
29,853,592 394.766,406
Excess of exports over imports t28,ni,318$103,476,070 $39,259,884 $122,900,885
•
Excess of imports over exports
Qold tt Silver (.coin <t builion).
$1,834,851 $45,837,451
Exports— Domestic
$1,037,733 $35,790,215
3-17,121
613,091
7,121,163
10,502,555
Foreign
Total
Imports
$l,4f4,854
2,248,147
$46,292,77.1
22,063,S37
Excess of exports over imports
$34,323,833
$4,5t2,402
Excess of imports over exports
$783,291
Total Mtrchandise and Specie.
$64,0 W,055 $574,304,365 $59.373,? 05 $650,2«5,9fl5
Exporto— Domestic
3,128,013
20,342,348
22,034,888
Foreign
1,861,018
Total
Imports
$65,881,073 $596,38'>,653
38,493,04? 471,6t8,750
$61,.'02,4!9 $570,628,f48
36,773,936
4n,.!30,87a
Excess of exports over importo $37,388,025 $124,704,903 $34,728,483 $158,248,410
Bxcesa of imports over exports
v<«>
The Export Trade. — The American
1879.
$18,693
Sept
1,880
6.057
2,087.304
2,872,616
Wil.m'ton, NC
Wiscasser, Me
60,000
7,683
1,112
The following are
81.—
$S6\«48
ir77.
A
to.Oct.
1
1877.
$9C0,377
697,817
,
Denver
$6,874,945
$108,OS6
6«,407
$107,843
Operating expenses
V
-Jan.
0«t.
1877.
46,283
264,803
East.— Tenn. DIv.—
Qroas earnings
Operating expenses
9.X»
10,557
6,384
2,242
2,378,660
97,974
Vermont. Vt.
Total
Net earnings
430
35480
810
Vickeb'g Miss
Wal'boro, Me
Wiliametle.O.
8i387
364
2,135
34
Exports— Domestic
Kd«t.-Ey. Dir.—
Gross earnings
Operating expenses
6i6
to
.
Stonlngton Ct
526^646 19,t02 Saperior,Mich
Tap'nock, Va
Teche, La. ..
49',SS4°9
CtrrKted
t)B4,090
A So. East.-St. L. Dir.—
Gross carninga
$55,419
Operating expenses
41,293
Neteamings
4,33*
NY
St.Ang'tine.F
St.John e, F..
St.Mark'8. F..
Gcorge'n.S
4,481
- .
Francl8C0,C
Savannah, Ga
Oregon, Or
Fernandina.
F. Bay, Me.
Galvest'n,
.
San Diego, Cal
Sandusky, O.
e24
l,.3tK)
Me
Harbor,
Salera, Mass..
Saluria, Tex..
Bt L
St. L.
u.m
8,640,831
R.I.
O
2.037,8!!2
Sonthern—
Net earnings
8tt
NY
•
Neteamings
8.804
1.784
723,«<9
Orleans, I<a
Newport,
90^788
1,185
£03
40,888
NC,
Miami, Ohio
$18,956
18,003
$18,431
Kxpcuses
.V
8,618
B,il7
New York.NY ^3,741,^9(. 28,632,971
66,103
l',i77
8S2
2,3t<B
Niagara, N.Y.
838,801
1.135
Uelfaxt, He.
NorYolk, Va..
llostnn, Ms.. 2,756,670 3,502,962
5,164 1,5'5,701
1,017
810.060
Brazor, Tex
6^,641
115.911 89,310 Oregon. Or...
O'gatcble,
119,480
79,728
Brldget'nNJ
Oswego, NY. 1,432.809
177,474
Br'lAW'nKI
Brunsw^kOa
Pamlico,
1,831
....
81,350
6,102
del Norte, T
Buff Crk,NY 497,743
P'nnoddy,
120,735
Hurlton, NJ
53,993
P. River, Miss
86.853
,r.
CVlnc't.NV
15^96!
16,223
V04
Peneacola, F..
70,389
Ciistine, Me.
5«7
8,620
....
1,600
L,'limprn,NY
121,561 1,200 P.Amboy, NJ.
1)2.70
Petersburg, V*
Charl.'tn, SC
16,2<5 3,953,943
81(>,«91 2,819,863
Philadelphia..
Cli'stone, Va
25,971
Chicago, lil.
801,318 1,210 Plymoutn. Ms
Portland, Me..
84,461
224,706
Not reported
Corpus ChrlB
Po'montn,
103
1,443
...
Cuyahoga,
59,114
69,676
Providence. RI
11.936
Deltware, D
5S7
67,477
Pt.
Sonnd,WT
1,.369
DitroK, M'h
4,265
129,6;.0
189.532
249
118,069
Dulnth.MIn
31
45,160 8,187 Richmond, Va
MachiaH, Me
.Mar" head, M
$
11,415
L. Iron Mt.
8,519
Knbnnk, Me
Qrosseamings
8t
679
BastDist.Md
Bdgart'n,M8
New Jersey Midland—
,
Natcbez, Ml9S
Newark. NJ..
8,7'
Araost'k,Me
N Bedford, Mf
Biiltimoro.. 1,758,179 9,517,049 4,742 Nbtiryport,M8
Nw Haven, Ct
Hangor, Me.
23,2ii2
B'Hiahle, M's
N London, Ct
Gcorge'n.DC
Neteamings.
$
796.038
Nvitacket,Ms
'ooe
Hath, Mo.
llfauforI,NC
Btaufort, SC
Domestic For'n.
i
F
Ap'chcola,
Expor
.
t
Mobile, Ala...
Montana, Ac.
Al'mrle, NC.
Dunkirk
L.—
A
Imports.
m,m
A North.—
Gross oamings
Operating expenses
Cnstonu
Districts.
Me
$225,798
100,529
$335,078
CIro8s('arnin:;8
Clov.
1876.
187?.
1876.
1877.
Atchiion Topeka
Imports >— Exports.
Dom'tic For'D
S
$
Cnstonsa
Dlsulcts.
AlxdrlB.Va.
An'poHs, Md
l'o9,«7
0RO38 BAnHIS-OS, XXPI!:<SXS AKD HBT BAHNtNOa.
The lUtement below given till! eross carntnifs, operating eipensei and net
earnlnga for the month of November, ana from Jaunary 1 to November 80, of
the roads that will
.
31
Alaaka, A.T.
119,881
Met deereue
all
.
THE CHaomCLBL
13, 1878.1
asoM muumiai
PhlUdc iihU
—
.
Exporter for January
greatly enlarged and improved, and gives evidence of a prosperity in its special department. Ttie publishers claim for it that,
it is
the only purely export newspaper published. From ita
colutnns American mnnufacturers and shippers should be able toobtain more iustruction regarding the needs of foreign countries,
and our otvn possibilities of supplying them, than from any other
source whatever.
The present number contains an article on the
rise and progress of our domestic erports, replete w!th valuable
statistics", from the pen of Dr.
Edward Young, Chief of th»
Bureau of Statistics, and a trenchant article on the *ame sab-i
ject by tlie editor, together with copious articles, original and
selected, statistic;, &c., peitaining to the industries and commerce of the country.
is
— The Railway Age of
Chicago publishes a list of 64 railroads
under foreclosure in 1877, covering 3,875 miles and having
bonds and debt of $119,938,700.
sold
:.. .
:
THE CHRONICLE.
32
JCateat
iHonetarg
anii
Nem*
dcimmerctal Siiglial)
BATES OF BXOHANGB AT I.O?<OOI« AND ON I.OM*ON
AT LATENT 0\TB8.
[Vol. XXVI.
Per cent
Bank
rate
The
.
I
4
Open-market rates:
SOand 60 diys' bills
Smonths'blUs
I
|
iX&^H
3«a3X
Open-market rates
Percent
4 months' bank bills
3i4a3x
6 months' bank bills
SiiasS
4 and 6 months' trade biUs. 8)i®l
!
by the joint-stock banks and
rates of interest allowed
count houses for deposits are subjoined
KXCHANOR iT LONDON—
DBCEMBER 28.
OH—
EXCHANQK ON LONDON.
LATEST
BATB.
nii3.
BATS.
TIME.
Ameterdam
Amsterdam
Antwerp
months.
12.JVai8.3V
li.i%®U-i
3
..
3 months. 20.6.3 ©20.67
short.
35.15 ©2525
3 months. •J5.32>fa2S.STX
@
Hambarg
F»tls
Paris
short.
.
. .
i<
Vleana
Frankfort
**
8t. Petersburg
Cadiz
Lisbon
Genoa
KewYork....
•
Bio de Janeiro
Pemambuco.
Bombay
....
CalcntU
9-lM.
U.B9-16d.
i».
..
Smos.
Smos.
"
Dec. 28.
short.
Dec.
Dec.
21.
27.
Smog.
and the Bankers' Clearint; House return, compared with the
four previous years
21.16-32
48 25
37.24
Nov.
Not.
8.
.
27.
Penang
Nov.
Not.
17.
Alexandria
Dec.
26.
LFrom oar own
i.H%
?5«
24%®^
6mo?.
"
"
"
3 mos.
9.
correHi>ODd-)nT
5«.
Dec. 39, lSi7.
present unsatisfactory state of things has been brought about by
prominent among which is the capacity of the
eonntry for producing large quantities of goods at brief notice.
This, it may be said, is an advantage, and so it is but. at the
ame time, so large an amount of machinery was erected during the
causes,
;
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
in rotten foreign loans, but we are importing largely at low
prices
and although it is not apparent that our stocks of the
;
law
material are large, yet it is well known that we hold large
supplies of manufactured goods, which places us in the position
of being able to supply every and each class of consumers. Tliis
proof of the vast purchasing-power of Great Britain.
There is, indeed, much argument about our intrenchmenta upon
ia solid
and many talk about the mercantile decadence of the
but it may with safety be contended that not for many
years has such judicious use been made of our surplus capital.
country
;
It is quite true that
we want more numerous buyers for our manuwe shall have when political affairs shall have
and these
SMumed a more satisfactory appearance but so far our vast
importations have been without decided influence npon the money
market, and it may be inferred, therefore, that we are still capa
factures,
;
Ue of paying for additional large supplies. There is an old saying among political 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
importing at low prices, the political disturbances on the Continent and the war having Induced merchants to ship to British
which the greater certainty of a ready market exists.
future, of course, is very uncertain.
There may, or there
may not, be an early peace, and as very severe weather is reported
porta, at
The
from the Danube, in consequence of which military operations
U« suspended, tho work of pacification, with a people ol the
irabtle nature of the Turk, may progress with unpleasant slowness.
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 opportuiity of settling their differences.
The demand
for
money during
week has been
eiceedinifly
There is an increasing inquiry for short loans
the new year promises to open with considerable ease. In
moderate.
there
;
but
fact
the prospect of a further diminution in the supply of
mercantile paper; and even were the war to cease, it is probable
that some time wou'd elapse before the effects of improved trade
is
-would be felt in monetary circles.
as follows
The
prices of
money
are
now
6 p.
91?i
4V4 p. c.
92
8d
61s.
£
13,896.027
22,269,018
1.5,958,653
17,518,852
26,716.441
5,942,889
20,ie3.3S7
13.3-8,176
18,441,365
9,178.7!4
15,467,17!)
12,234,085
21,703,379
23.365.434
20,J5'4,026
21,032,070
46-28 p.c.
4 p. c.
retnra. 105.550,000
c
V
4 p. c.
94
c.
2 p.
94
50?. SA.
94X
44s. 6d.
7 5-16a.
6 5-16d.
6 ll-lt;d.
Is. Jid.
94,892,000
Is. Od.
72,022,000
81,5W.i«lil
8>td.
Is. IJ^d.
Hoase
9d.
45ri
51.-. 4d.
6 7-16J.
8Vd.
lOlid.
63,371,000
Tlie following are the current rates of di8C3unt at the leading
abroad:
cities
Bank
rate,
9
Paris
Open
3
Brussels
Berlin
3^
4)4
Hamburg
4X
2J^
4
4
Frankfort
Leipzig
4>i
i^iU.
4)^
i}i
*&iX
Vlennaand Trieste..,.
Uadrid, Cadlzand Barcelona
A
Bank
market.
Lisbon and Oporto
St. Petersbure
Turin, Florence and
.
.
cent. percent.
6
5
6
5X
Rome
5
Qenoa
GeneTa
New York
4
6
Open.
marktt
rate.
$
cent, percent.
2
2
Amsterdam
6^
4
5
SX
3X
Calcutta
5
Copenhagen
6)i
few parcels of gold have been purchased for export, but at
present there are no indications of an active demand.
The
silver
market is weaker at 54d. per ounce.
Tenders were] received at the Bank of England on Thursday
The amounts allotted
for £300,000 in Council bills on India.
were to Calcutta, £180,000, and to Bombay, £30,000. The average rate obtained was only Is. Sfi. the rupee.
The amount of business in progress on the Stock Exchange
Two holidays have
this week has been extremely moderate.
been observed, and an accounting has been in progress conse:
;
quently, there has been very
That there
fresh business.
little
will be
opportunity for transacting
any increase until Parliament
mpets, or until the contents of the royal speech are known,
very improbable, and
wa must look forward,
is
therefore, to a quiet
and anxious three weeks.
The
closing prices of Consols and the principal American secur-
ities at
market, compared with those of Saturday last,
to-day's
are subjoined
:
Rcdm.
Consols
United States
Do
5--20
a. 8.1867,68
Do
funded, 63
Do
10-40,58
Bo funded, 4>tfs, issued at 10i)i
Louisiana Levee, 86
Do
5s
58
5s
58
5a
Virginia stock 58
107
1875
42
42
1888
1894
1900
1889
18»1
103
103
105
fundei 68
1905
51
AKEBIOAN DOIXAR BONDS AHD
8
Su^^qnchanna cons. mort. 7s. Nos.Sfll
to 1,800, Inclusive, guar, by Del. Allud.Canal. 1906
Jb Great Western let M., (1,000, 7s... 1902
Do
3d mort, il.OOO, 78.. 1902
Do
1903
3d mort., $1,000
AUantlc
Do
Do
Do
101
101
101
25
as
68*
*
1st
2d
3d
mort. Trustees' certificates
do
do
A Ohio, Con.
QWi
mort., 78
@
15.
95>,'
l(Mi>4@I07X
103
(%104
iaii8
95
it
S
4
1906
do
Central of New Jersey shares
Central of New Jersey, cons, mort., 78
1899
Central Pacidc of California, Ist mort.. 6b
1896
Do Callfor.ct Oregon Div.lst mort.gld.bds,«s.l892
Do Land grant bonds
1890
Del. & Hud. Can. 78
Detroit & Milwaukee 1st mortgage, '7s
1875
Do
ad mortgage, 8s
.1875
@
®
52
52
(9105
@105
@107
Slice
©108
©106
@ 35
& 88
© So
1061O106X
:03 @iog
104V@104X
4i
42
103
103
105
1C4
® 52
® 52
10-i
@106
@10S
©107
®lOb
@I07
105
39
33
56
& 35
®
® la
(ai07
3.5
aiRBS.
52
8
do
do
Committee of Bondholders' ctfs
Baltimore A Potomac (Main Line) Ist mort, 6s. 1911
do
(Tunnel) Ist mortgage, 6s,
(guar, by Pennsylvania & No. Cent.Raiiway).1911
linrl. Cedar Rapids & No. RR. .jf Iowa, 1st mort.
x95
105>i»10«
181)5
New
Dec.
29.
U'SMaiOSSi
68
Do
Do
Do
Do
Do
Albany
106
103
1033<ai03«
Massacbn setts 5s
Do
Do
Dec.
94J<@ 95
@107
188!
...1885
1887
1881
1904
Atlantic Missls.«lppl
the
1877.
£
26,197,4r8
8,IVS,468
22,875,676
63-11 P.O.
Idquality
Olearin?
1876.
£
27,779,935
6,996,022
reserve
^nsols
BngUsh wheat. aT. price
Hid. Upland cotton
N0.4OS, mule twist, fair
95«
that full use of
1875.
£
2R,486,60U
7,eOB,967
18.639,294
12,900,078
21,153.922
21,061,681
1S,S01,742
Bank-rate
SJid.
12/. 2XC.
4».
;
earlier part of the present decade
18:4.
£
26,13.%103
8.8,^2,970
of
to liabilities
]
London. Saturday,
capital,
post-bills
Proportion
!«. 8ii(/.
3'. llJirf.
This has been quite a holiday week, and a very moderate
amount of business has been transacted.
In some districts
machinery has been entirely stopped, owing to the slackness of
trade but although there has been for some time past a want
of animation in mercantile circles, yet a fairly legitimate trade
Ins been in prrgress,[and reasonable profits have been made. The
many
bank
Other securities
St,'846,948
ReserTe of notes and
coin
11,811,615 10.351.263
Coin and bullion ic
both departments.... 22,68^,685 21,492,793
48.25
'*
Dec. 26.
Dec. 93.
Dec. 23.
....
1873.
Circulation— including
Public deposits
Other deposits
57.15
eO days.
90 dxys.
3
35^
1.11.11.1"! 1111111.3V
",
the average quotation for English wheat, the price of Middling
Upland cotton, of No. 40's Mule twist, fair second quality.
120.50
20.38
•'
3
.'..'.!.*.',""!!!!!!].'!
'".*.".*.'.". 11'!".'.
!!"'.*
Annexed is a statement showing the present position of the Ban k
Bank rate of discount, the price of Consols,
8
Kong...
Shacsrhal
Batavin
20 38
25.17
as.
.
Qovernment securities
>•
*'
Smos.
short.
Percent.
r
.
.
V
Joint'StocK
banks
of England, the
....
«7.98>f@i7.97X
t7&i7>i
60 days.
28.
"
27.9-2\i'ati-..<l7X
Kadrid
Dec.
Dec. 91.
*3V@23%
**
SfaDles
12.12
'*
months. «-.92K@37.y7Jf
**
3
short
Dec.
90 days.
KUan
38.
**
n.aa-oii.ari^
J0.(3 ©20.67
J0.f;3
S20.67
"
"
Berlin
Dec.
dis-
:
Discount houses at call
Discount houses with 7 days' notice
Dlscouut houses with 14 days' notice
DATK.
Hong
:
.
la 97
24
&
@ 10
@ 24
(% 10
© 5
(3 SO
95
21
II
5
21
11
5
35
25
28
83
& 28
3S
(% 85
83
86
60
® 83
& 61
8«
60
12K@
65
104
95
91
92
30
SO
UH
@ 6?
a 97
@ 93
@ 94
@ 40
© 40
al05
13
66
104
93
91
91
30
30
@ 9;
42 3o
® 12
© 6
© 26
@ 1»
© 6
® 30
O 38
® S5
a S8
@ 62
@ 14
&m
©105
a 97
@ 93
& 93
© 40
©
41)
b
7
Jamuauy
:
THE CHRONICLE
18. 1878J
viz.,
•
«o
do
fSpaid...
(3 paid...
profnrenCB, 7«
convertible gold bonds. 7«
1877.
1804
1911
Jb ll.irrlsbnri;. Ut mortgage, 8s
lUinoiB Central, $100 nhart-s
1988
Lehlfh Vallov, connolidHti'd mortgage, 68
1891
Msrlctln * Clncimmti l{allw«y. 7»
Texas, Ut mort., gnar. gold
Missouri Kansai
19C4
bonds, Kngllsh. 7b
New York Central Hudson Uiver mortg. bonds.
New York Central $100 shares
1890
Oregon & Cnllfotnla, Ist mort, 7s
Frankfort > ommlt'e Hecelpts, X coup.
do
shares
Pennsjlvania, $.50
1880
Do.
1st mort., 69
1901
conao). slnK^fiitid mort. 6s
Do.
Philadelphia & Readin<; $50 shares
Pittsbnrg Fort Wayne & Chicago equipment
bonds (guar, by Pennsylvania R. R. Co.), 8s
1889
Onion Pacific Land Grant Ist mort., 7a
1898
Onion Pacific Railway, 1 st mortgage, 6'8
GalvoKlon
the following
a
92
33
98
106
104
....&
89
..
89
89
28
3-J
lO-'^aiOfl!/,
aioa
35
12
53
<I5
....&
....
® 91
& SI—
a 91
85
@
'« 48
48
O 65
@
& ii
@ 56
® 96
89
90
8T
43
4'i
.55
92
51
94
@109
1117
93
(3 95
93
&
@ 99
©94
@I04
1^102
@
&
&
89
87
113 @I14
83
ii
106 .@108
20
HO
....
a 91
a
a 92
a 92
a 89
50
a 50
a 65
®
a 91
a 56
a 9H9
at
a 95•.
a 99
a 94
a
.
!-0
lO;
97
9J
lOi
100
....
a 32
10S>-iai09H
ia>
86
4S
46
....
97
92
102
100
8s
..
aioi
all"
a 90
a 85
ai08
a
a 96
1.2J4ail3X
63
106
20
106X^107>i
9»X 5 95X
95
a
M @l(il
99 tttlCl
83 (a M
99 ^101
81 d 86
& ...
f6 (a 58
79 a 81
98
90
.
6101
aioi
C;2
»bbl
W. spring). «Ctl
?10ttr (extra State)
Wheat (R.
"
"
.Red winter)...
"
(Av. Ual. white),. "
"
(C.White club)... "
«
.
3!
99
aioi
90
92
a
@tr6
(^109
1^199
103
107
107
ai05
@iri9
@109
6
2
(prime laess) » tc. ..
Pork (W't mess).... «bbl
UaconCI'gcl. m.).... Vcwl
Lud (American).... "
tfecf
101?i
UMIX
29
37
29
37
37
5S
32
41
64
6
41
6
"
(fine)
10
s d.
9 10
quar.
61 6
Uneeed
(Cal.)
^
Oil
22
lOX
lOX
7«
«
25
103<
75
7V(
2
6
Thar.
Wed.
£ 8. d. £ s. d.
Tues.
8. d.
10
61
6
61
6
51
6
„
"
„
6
„,
2!
„
22
9
22
6
810
39
27
27
87
d.
56
10
9
86
27
ton
iTrl.
t.
10
£
Vl^ha^oil.
nil. ...-9
d.
56
Mon.
76
Linseed
Tdm.
a.
53
3
2
«
12
6
Market:—
76
.36
40
64
6
Wed.
40
25
76
.
31
40
64
£. B. d.
9 19
51 6
6
frl.
d.
8.
rt.
31
«
9
-rii
Snermoll ....« tun..76
••
37
a. d.
lOX
4agar(Ne.l2D'ch8td)
OU8pot,«cwt
3
B.
10
40
25
28
3
56
d.
7ii
40
25
7
18
56
63
lOX
T3<
5
12
12
U
56
40
61
10
10
3
8
S50
31
B.
6
11
85U
Tues.
d.
3
10
lOX
'^
(spiritB).....
8.
296
850
64
—
Mon.
535
6
Thnr.
d.
8.
41
Sat.
d.
d.
8.
85
56
32
b.
29
10
12
Wed.
Tues.
d.
85
85
56
32
8.
FrL
d
d.
12 11
49
—
s.
Thar.
10 «
8
12 8
12 !I
U
Mob.
d.
64
CaeeaeCAm. due).... "
Livtrpooi Produce Market.
» 10
10
8
u
76
36
27
5
6
Frl.
£
s.
^ 1?
51
d.
"
8
„,
,
. *i
S
16
36
97
5
(Sloinmcrcial aiib iilt0CcUaueou0 Neu)0.
—
Imports and Expokts ?or thb Wbbk. The imoorts last
week shovred an increase in dry goods and a decrease In general
The total imports were $4,»7;,793, against
merohandipe.
14,451,733 the preceding week and ^4,977 ,636 two weeks preI'he Biports for the week ended Jan. 8 amounted to
vious.
$6,477,544, against f5,317,093 last week and $6,467,126 the previous week. The exports of cotton for the week ending Jan. 9
were 11,766 bales, against 7,612 bales the week before. The following are the imports at New York tor week endinir (loi dry
goods) Jan. 3 and for the week ending (for general merchandise) Jan.
4:
roOIIOM IMF0BT8 XT tiSW TOBK F»H
Since Jan.
1879
$I,38.5,S«8
. .
1877.
$1,209,881
4.ai9,6«i
week.
$5,803,661
$7,513,531
$5,269,708
$4,9TJ,-:93
$5,»}3,S6I
"$7,533,539
$5,259,709
$1.»T7,79J
General merchandise.
for the
WBKK.
1876.
$1,341,619
6.196.930
Drygeods
ToUl
m
1875.
$1,499,254
4,304,610
of dry
1
3591,921
In our report of the dry goods trade will be found the import*
one week later.
is a statement of the exports (exclusive of specie)
from the port of New lork to foreign porU for the week ending
goods
for
The following
1877.
1876.
18T5.
cwt
cwt
21,1}9,;81
12,4'>J,'8»>
£),«Jl,'.4t
2510.ail
3,0H,25i
13,722.000
15,265,000
2.081,569
13,983,790
13,578.s;0
2 651,151
19,310,000
»
473,i62
8:,396.S81
84 351
1874.
SS, 619, 971
Jan. 8:
XFOBTS FBOV NBW TOBK
For the week
Previously reported
2\1C6,878
4iS. 8d.
37,312,032
478. Od.
1875.
$4,219,239
VOVL
TBI WBIK.
1873.
$4,012,323
»«^„
33,467,668
44s. 8d.
~$4,2«"«.231
$1,012,32)
$6,477,544
$8,981,539
$6,477,544
^^j
1,
_^
ot specie from the port of
1878, and also a oom1.
1878, wUh the oorraspondiog
The following will show the exports
New York for the week endinjt Jan.
The following statement shows the imports and exports of parisoB of tke total since Jan.
produce into and from the United Kingdom sines harvest. totals for several previous years
„'.?;*;.
$3,981,5J»
.......
152,318
Since Jan.!
•ereal
108
104
d.
29 6
10 6
11
3
12 8
i: 11
S
37
Sat.
8.
vest:
it,
Result
36,700,968
Aver, price of Eng. wheat for season Sis. 7d.
10
11
12
ProvUions Market.
fAverpool
Previously reported
..
95J4
95 5-16
106V
&..
107
29.7*0,1
Bank
107*
106X
8.
296
12 11
23 9
y
Sat.
B9X
95 5 16
96 5-16
106
Wed.
d.
a.
0300
12 11
quar. 23 9
-orn (new W. mix.)
quarter. 37
Peas (Canadian)
Without reckoning the supplies furnished exgranary,
is estimated that the following quantities of wheat
and flour have been placed upon the British markets since har-
floor.
Cable.
Tues.
d
8.
U
.
£
of last season.
wheat and
918
—
Mon.
sat.
d.
30
10 6
2
12 8
8.
Uu8-dc'ke(obl).»tt.
quarters, against 3,533,000 quartern in the corresponding period
ICzports of
32.668
27,607
6,809
m%
Liverpool Breadilujft Market.
89
;
37,441,139
.
711,171
ll,:f76
Liverpool Oottan Afarkit.—Hee special report of ootton.
London Produce and
89
...
@ 92
tOSJi
aioi
a
a
5axa
79 a
aiOO
104
107
99
99
88
99
87
New4Xe
•
returns, the Mies ot English wheat
markets ot England and Wales amounted,
during the week ended December 23d, to 42, 753 quarters, against
41,545 quarters last year
and it is estimated that they were in
the whole kingd )m 171,000 quarters, against 166,200 quarters in
Since harve-.t, the sales in the 150 principal markets have
i876.
been 791,633 quarters, against 880,463 quarters, while it is computed that they have been in the whole kingdom 3,166,540
Total
184,80$
l«9,t?8
39,381
7,146
mi%
Petroloaji(roflned)....»ga!
official
home-grown pradnee
77,»4»
8,618
e8,96«
5,648
3.421
94 11-16 93 1-16 95.5-16
95 5-16
94 11-16 93X
10iJ<
lOSJi
101>f
101>i
116
106
104
101
lOiV
107X
T«llow(prlmeCity)..Wcwt. 40
" 25
Spirits turpentine
in the 150 principal
Sales of
2,I»I,1$I
Stock Jfartst.— The bullion in the
ConBOlsforrasBey.. 94 7-16
"
account. 94 9-16
0.8.68(5-208) 1867.... n5V4
O.8.10-40B
107>i
580fie81
105H
"
.30
firm tane has, however, prevailed.
Imports of wheat
Imports of dour
2,0e'.,53I
883,718
The
England has increased £121,000 during the week.
directors of the Bick, at their meeting on Thursday, fixed the
mlaimuiu rate of discount at 3 per cent.
Thnr.
Wed.
Frl.
Tnes.
Moo.
Sat.
BoalD(eammon)... Wcwt.,
Very little basineashas been transacted in cereal produce during tbe week. Nearly all tbe markets havj presented a holiday
appearance, and nt material change has taken place in prices. A
According to the
3,788,M»
of
8.
.
gen. mort, 1874, 6'a
.1896
.1891
1901
104
•so
....@
Do.
do.
xall
Bcrp for the 6 deferred Ji c up
Do.
Pitlsbnrgh 4 Connellsville Con. Mort. Scrip,
guar, by Baltimori' 4 Oliio RR. Co.. 6s
South 4 North Alabama bonds, 68
St Louis Tunnel 1st mort. (guar, by the Illinois
4 St. Louis Bridge Co.) 9«
1838
68
aioa
d
3i
4
4
4
do.
IWl,tM
1.237J03
8.6!0 587
summary
Lmdtn Money and
Sim
loixaioeji
certificates, 7s
do.
a 95
a ....
....® ....
c8 a 40
16 a 19
a 35
30 a 35
1>6 at07
105 a 107
& S9
& 19
& 3i
@ 3i
37
16
4
do.
93
94
...
4
Do.
Com
BazlUb market Reports— Per
1891
Union PaciflcR-iilway, Omaha Bridge, 89..
UnitedNew,Ter8ey Railway and Canal, 6s...
6,565.8U
3,23!. (to
«l^•»
Thadaily closing quotations in the markets of London and LI ver>
pool for the past week have been reported by cable, aa shown la
QilmanClinton4Springaeldl8tM..
Do.
1874.
13,578,620
1876.
2!,331.144
3,736,768
8,4RI>,2M
458.139
10.075
54,417
!0,r90
13,868
179,081
15,128
49,782
7.800
9,949
41,288
17,629
ffloar
.
4
7««,S«
«,»90
Uoana
Indian
*
4
CWU
vVheat
&
4
8.*i8,611
J,6«0,»S7
Biirioy*
AUIRIOAH STXBUNa BONSS.
4
4
4
4
772,053
1,»1,698
Oats
Peas
Allegheny Valler. guar, by Penn.
gold, 7S...1MX)
1900
Illinois
8t Lonis Bridge Ist mort., 7s
id mort, 78
do.
Do.
1903
DllnolB Central, sinking fand, 5s
18'.l.i
Do.
6a
1905
Do.
5s
1891
Illinois Missonri
Texas Ist mortgage
Lehigh Valley consol. mort, 6s, "A^'
19ua
Nashville, 6s
IcalJTiile
0hiol8t mart7B
1901
Memidiis
Milwaukee
St. Paul. Ist mort 78
1902
New York Canada R'way, guar, by the Delaware
Hudson Canal, 6s
1901
audson River mort bds., 68. .1903
N. T. Central
19C4
Northern Central Railway consol. mort, 6b
Paaama general mortgage, 7s
1897
Paris
Decatur
1892
1910
PanjisyivaDia general mort 68
1905
Do.
consol. sink'g fund mort 68
Perklomen con. mort. (June '73) guar, by Phil.
4Reading, 6s
1913
Phil.
Brie Istmort (guar, by Penn.RR.)68.. 1881
Do.
with option to be paid in Phil. ,68 ...
Phil.
Krie gen. morL(gaur. by Penu. RR.)68.19a0
Phil.
Reading general consol. mort 6s
1911
Do.
imp. mort, 6s
189T
1876.
12,495,886
4,819.»ft
8,949.616
678.468
I,;9i,««0
12,991.864
2,019,242
ZPOBTS.
—
coapons
Do. Sd consol. mort, 7s
Do. reconstraction trustees'
5,001,011
4,116,768
Flour
.
A
cwt. 31,159,782
IndUnCom
&
&
R'yCo
I91D
Qt. Western consol. mort., Bischoff.
1892
certs, (a), 78
1874
Atlantic* Ot. W. Rc-or;,'anlzation 78
Atlantic
OtW., leased linos rental trust, 78.1902
1873,78.1903
do.
do.
Do
1876
WoBtorn exten., Ss
Do.
do.
do. 7s, guar, by Erie R'y.
D».
do.
1896
Ohio, 68
Baltimore
190«
Do
68
1910
Do.
6s
190J
Burl. C. R, 4 Minn., 78
1909
Cairo 4 Vincennes, 7s
Chicago 4 Alton sterling consol. mort, «8. ...1903
Chicago 4 Padncah 1st mort. gold bonds, 78. .1908
Cleveland, Columhas, Cin. 4 Ind. con. mort. ..1913
190«
Kastern Railway or Massachusetts, 6«
ISIS
Krie convertible bonds, 68
1930
Do. 1st cons, mort., 7s
Do. with reconstruction trustees' cerilllcates of B
Wheat
Barle;
Oats
Pe»»
Ueani
rccoiiHiruclloD tru«tce«' ccrtiflcitcs. T»
Atlantic
as
from the ist of September to tke cloae of iMt weak, compared with the corresponding periods in the three previouj yean
Redm.
•••
Biie $100 tbtret
Do rocoiinruc'lon lru«tee«' aescMm't, $? paid..
do
|4 paid...
Do
Du
Do
Do
Do
Do
:
.
:
31— Str. Colon
2— Str.
4— Brig Ransom
B—Str. Kepublic
Jan.
5—Str. Donan
Amer. gold coin..
Foreign til. coin..
$1,500
Amer. i^ilver bare.
.Puerto Cabello... Amer. gold coin..
Amer. gold bare..
Liverpool
Amer. silver bars.
London
Amer. silver bars.
Southampton. ...Mex. gold coin...
IS.fOfl
AFpinwall
Liverpool
Abyesiala
Jan.
Jan,
Hex
tilver bars
.
3,000
90,000
3,890
4,060
3"0,000
35,570
5, 110
.
TotaUor the week
Total since Jan.
1.
1878
Same time in—
f -268.631
1871
I
1870
1869.
1888
3.537,15211867
572,Si7| 1866
The imports
been as follows
-Tan. 1,
5,637,400
1.663 340
1,19J,6S4
I
Foreign gold
$.3,800
701
Nassau
$18,416
Same time in—
6U15
26,312
15,590
1872
1871...
1870
1869
1868.
at tlie
$45,702
79,945
263.783
58,970
20,908
"
Cnstoms.
Gold.
$312,000
$638,719 86
.^93,338 83
7;0,H2G 04
894.58 i 80
8i0,l81 00
1.213.&13 25
401000
9
11
218,000
159,000
298,000
298,000
$1,327,200
Values of Foreign Coins.— The following circular was gent
Sherman
to the olflcera concerned by Sacretary
:
Treasury Department,
Washington, D. C, Jan. 1, 1878.
)
f
section of the Act of March 3, 1873, Statutes at Large,
page 603, reproduced in Section 3,564 of the Revised
Statutes, provides " That the value of foreign coin, as expressed
in the money of account of the United States, shall ba that of
the pure metal of such coin of standard value," and that "the
first
volume
17,
values of the standard coins in circulation, of the various nations
of the world, shall be estimated annually by the Director of the
Mint, and be proclaimed on the first day of January by the Secretary of the Treasury."
The estimate of values contained in the following table has
been made by the Director of the Mint, and is hereby proclaimed,
in compliance with the above-stated provisions of law
:
Sab-Treasury have been
Receipts.
a.'.'.".
599
3,000
1,416
500
8,7C0
1878
33.60-3
W....
dollars.
Amer. silver
Amer. gold
Foreign gold
Amer. silv.er
Amer. gold
Foreign gold
transactions lor the -week
as follows:
••
$977,370
Havana
The
"
$439,743
The constitution provides that the annual reduction of the
public debt shall net be less than two hundred and fifty thousand
745,6-33
Havana
*
"
1,227,256
|166,120
Liverpool
$109,831
5.....
$1,66;,000
$l,22.i,000
2.356
Surplus for 1873
I
8ame time in~
Job.
Total re-eipts, 1878
nn pnnlic debt
Coupon account of 1877
Interest
The
1S77
1876
187S
1874
1878
460,000
300,000
Company
Available for payment of public debt during 1878
:
Saratoga
Carondclet
Total since
Allegheny Valley Railroad
of specie at this port during the saioe periods ti»ve
Jan. J— Sir. C.ydo
Jan. 3-Str. Farthia
4— Str.
4— Str.
Commutation of tonnage tax
-.18.593
6-8.043
S,ailj.l21
853.4iS3
[Vol. xrvi.
t457,6M
same time in—
i
1877
1876
1875
1874
1873
1878
Jan.
Jan.
•
THE CHRONICLE.
34
Dec.
Jan.
s
.
,
,
,
Payments
,
Currency,
£»<: .-SB:
Currency.
Gold.
$590,717 63 $l,482,47i) 99
691,831 52
898,234 85
238,332 .38
840,993 47
688,127 98 1,786,438 25
5-38,648 08
793,091 41
1,392,923 43
761,1.7127
o;
$337,773 57
537,601 14
5U0,234 11
824,707 02
:
:
g-i°°5,
.&;
g
»< 2..0
1
f:
»•.«:::
B: E:
a
;
.
:
'
•
.
g:
a*;
^: >' >:
b.
b: «
»
a; 2.:
:
B?
5
:
.
522,489 41
1,945,718 02
Total
$1,683,000 $4,901,582 33 $4,622,794 16 $6,512,355 21 $4,668,423 27
Balance. Jan. 4
102,133,784 59 33,98 !,333 33
Balance. Jan. 11
100,623,011 63 13,836,704 02
Fenngylrania State Finances.— The Qovernor's meBsajje has
the following on the State finances:
TOTAI, RBOErPTS AND DISBDRSBMBNTS DCRISO THE riSCAL TEAR ENDING
NUVEMBZB 30, 1877.
Jieceipts.
Balance in Treasury, Nov.
39, 1876.
$981957
Oeneralfund ...
Binking fund, ordinary receipts
Sinking fund, new loan, B per cent
Slnkingfund, premium on new loan
Sinking fond, interest on sale of new loan
'.;;;;;
4,334;905
2 OfS 513
8 OOO 000
261 923
V.
.."...!..'..
!.........!
9^161
$15,614,500
IHsbunenuntt.
Ordinary expenses
$4.0!0
Loans redeemed
Interest on loans
Premium on pold
go-e.
3'il
00 00 00
8,036,'l96
l',414,651
'.!!*!!!!,!!!
Compensation, Farmers' and Mechanics' Nat. Bank.!!!.'
Coupon interest, paid at Treasury
*
-.D
ODorvtoo
CC 0? CO
13^726
6,000
3
ts
13
JO, 1877
$t,«S6,413
3,200,000
3
's
1,705,014
Indebtedness unprovided for
si
.-
s
$13,352,336
CI,
The new five per cent eight million loan, for the redemption of
the maturintf loans of the commonwealth, authorized by act of
March 20, 1877, was duly advertised, and the bids therefor were
opened on the first day of May, 1877. The bids above par
amounted to over $17,000,000, and the premium realized was
1261,922. Of the eight millions of bonds redeemed with the proceeds of this loan, over five millions were six per cent currency
interest-bearing bonds, and the remainder were five per cent gold
interest. bearing bonds.
This reductien 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
— The Western
..>.
SiH-^S
$885 SOO
i4'7M
2197
"^
2,256
BsUmated
receipts and payments of sink, fund for fiscal year 1878.
Corporation tax
$1300 000
Less one-third heretofore recommended for diversion for
'
general purposes
..^
438,000
I
$687,000
5
P'a,
Wo
a•3
'
£.:a
nor?^
S**
§2.
Division of Chicago has three parks
—
— Hum-
—
strictest
...
p.-
^,,- p B O-p
and Douglas containing in all (boulevards and
parks) 765 acres of land. These lauds were purchased in 1870,
at an aggregate cost of about $1,350,000, one-half of which was
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
of seven per cent bonds payable in 1890. These bonds constitute
the whole indebtedness of the town of West Chicago. Of the
original issue of $667,000 of the bonds issued in 1870, $27,000
have already been purchased and canceled by the Town Board.
Mr.
Ihe assessed property value in 1876 was $57,489,869.
David S. Qreenebaum, of 30 Wall street, oB'ers a limited amount
of these bonds for sale, as appears by his card in to-day's issue
of the Chronicle.
Attention is directed to the notice published by the Canada
Southern that the scheme presented for the funding of the bonds
of the company has been accepted by a large majority of the bondIn order to perfect the same and to deliver the new
holders.
bonds with the proposed guarantee to those who have already
deposited their old bonds and to those who may desire to come
in, it is necessary that the bonds now outstanding should be presented at the office of the company on or before the Ist day of
February next,Jso that the same n: ay be exchanged for the certificates of the company, to be countersigned by the Union Trust
Company. It ia expected that the prompt compliance by the
bondholders with this notice will enable the company to complete the issue of the new bonds on or before the l'5th day of
March next.
boldt, Central
The depressed condition of the industrial interests forbids the
attempt to meet this deficit by increased taxation. I therefore
recommend that one-third of the revenue derived from the corporation tax be diverted from the sinking fund and paid into the
general fund for the present year. There will still be ampl«lfunds,
after the paying of interest, to more than comply with the constitutional provisions for the redemption of the debt.
The onethird so diverted will, in part, pay the extraordinary expenses
of
the July riots, which are estimated to be about five hundred
thousand dollars. The balance of the deficit can only be avoided
'
tB
The above rates will be taken in estimating the valuea of all
foreign merchandise, made out in any of said currencies, imported
on or after January 1, 1878. I am, very respectfully,
John Sherman, Secretary of the Treasury.
30, 1878, of $938,925.
by the closest scrutiny of all appropriation bills, and the
economy in tU departments of the government.
-
I lilts
3p.p
FIVE PER CENT LOAN
smKIKO »t;ND.
Available for oayment of public debt, Nov. 30. 1377
Coupon account, 1816
'..',
Coupon account paid, 1877
BOlg
U
o o
"t :;
$23,943,611
!!!
30, 1877. .
."«»."'a.=»."'D30
c
9,591,427
NEW
2.=
$3,163,016
PCBLIC DEBT.
Total funded debt, Dec. 1, 1877..
Pennsylvania Railroad bonds
Allegheny Valley Railroad bonds
Balance iu sinking fund, November
,"
mcncoco
^g?
15,432, 1:3
Balance in Treasury, November
;5>T)
CO a» -4 QD CO oi CO 4^ 00 00 ts 00 en
>
:
.
Jantabt
fiaulierg'
LIABIUnU.
Sept. M.
Capital
:
Claudius V. b. Barse, Piealdoni;
Authorized to commence buaineia January
Caslilar.
2, 1878.
DIVIDKND8.
The rol'.owiaz divldonda have
recently been annoanced
When Books Closed.
Peb
Ckst. Patabli. (Days inclusive.)
Kakb op Coxpant.
Panama
(qiiir.)
Jan.
15.
3
Peb.
Jan.
1.
4,737.tl(i0
Circulation
88,400
8,605,400
31,160,000
128,700
Dnebanks....
D
'6
S
In Durance.
^«
On
On
On
Ou
On
Ou
On
On
5
S
Citizens'
10
10
.,
Qlobe'rire
Hope
Howard
Importers' ^Traders'.
Irving
King^ County (brooklyn)
.
Knlclcerbocker Fire
Unpaid dividends
Total
New
Yorlj Equitable
Pacific Fire
,
.
...
Tradeimen'8 Fire
dem
dem.
dem.
dem.
dem.
5
Jan.
On dem.
On dem.
10
On dem.
5
Jan.
5
On
On
On
On
10
10
Relief Fire
1.
15
Keal estate
Cash items and bank notes
Specie
Leiral tenders
Jan.
Jan.
Jan.
lu.
9.
16.
5
On dem
5
Jan.
Jan. 14 to Jan.
10.
Tile
11,
money market and Financial
1878-5 P. n.
Situation.
principal events bearing on financial matters this
— The
week were
the
le-assembling of Congress after tlie recess, and the meetings of
the bank clearing house associa'ions in this and other cides,
New
measures of self protection
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 the banks
Toluntarily joining together to place all dealings with their customers and each other on a gold basis. The movement is important, and, havingthesyaipathy 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
including
Orleans,
against the Bland silver
to
bill.
7.
5.
Int. period.
reg. Jan. & July. 'lOeii 106 5V
conp.. Ian. AJuly. 10«X 108 if
10:iK
5-209, 1865, n. i...reg..Jan. * Jaly. 102Ji
5--20s.l8fi5,n.i..conp..Jan. & July. 102^ 102'^
reg.. Jan. AJuly. 'lOSif lOJH
5-203. 1867
conp.. .'an. &.July. lOSSi' 105X
89,8-208,1887
...reg..Jan. & July.»106JS 108 Ji
69, V203, 1«68.
coup,. Jan. * Jnly.*'.03^ I07;i
6), .VaOs, 1888
reg. Mar. & Sept. lOHJi 106V
59, 10-408.
conp. .Mar. & Sept.*107
107?<
59, 10408
reg..Quar.— Peb.»10.iJ< *105><
'105X
59, funded, 1881
105 Ji
lO.iJi
Si-, funded, 1881... coup.. Quar.— Feb.
.
1881
reg..Quar.— Mar. !(»%
103 JJ
mt.
coup.. Qnar.— Mar. 103X
1891
Qnar.— Jan. lOlJ^
registered, 1907
lOiX
4s,
101 if
become necessary.
In the whole silver discussion one most prominent point
should never be lost sight of, namely, that our best and most
unprejudiced financiers,
and West
present
as
much
bill, if
who
regard the interests of the South
as those of the East, utterly
passed, would accomplish what
its
deny that the
friends predict
it.
The anticipated relief to business would never come.
The proposed remedy is a delusion.
The flurry in our local money market has apparently passed
for
s.
8.
6
11.
10.
K
lOSX
106>f 106
106 Ji loeji
•101
•103
103
103
103
10.1 »V
•105 Ji 105 3i 1055i
106«
107X
106 Si
insK
*107«
m^
in7!<
105*f
105>i
Wi'^
m\
wm
lOliC
10. !i
•106
lOS
108^
103'.^
104
•103 ij
104
105 Ji
•lOS
108 «
10/!4
io?x- 'imy.
105'-V
lOSii
103
•106X
105^
•lO-i
nmy.
•108« *M'i
107*i
Quar.— Jan.*l02
103
coupen, 1907
Currency 1S!)5. .reg.. Jan. * July
68, Currency, ISOi .reg.. Jan. * July
6s, Currency, 1897.. reg.. Jim. & July
118!*
6s, Currency, 1898. .reg.. lan. AJuly
68, Currency, 1899.. reg. Jan. A July
118X
*Thla is the price bid; no gate was m.>idfl at the Board.
4s,
!i
my.
101
lOiJi
mA
119Vf
ma
108«
'WIS
•I07«
106«
106X
104«
lOIX
101
lOSJK
1,
'
take
A
Dec. $1,029,400
$52,263,500
securities have been
tolerably active on an investment demand, and prices for the
week show an advance on nearly all the issues. The foreign
bankers have been only moderate sellers of bonds, which parti/
accounts for the firmer prices.
On Thursday, Mf^ssrs. Muller & Son sold at auction $100,000
5-308 of l5C7, coupons, at 105J, and $100,000 Os of 1831, coupons,
at 106J.
Closing prices at the Board have been as follows :
jAn.
Jan.
Jan.
Jan.
Jan. Jan.
4V4S, 1891
FKIDAY, JANCABir
.
— Government
.
IG.
65,000
Dec. $816,100
Dec.
652,800
Inc
480,700
l,62!i.200 lie.
22,100
14'>.800 Inc
18!,700
2,441900 Inc
419,100
6,015,200 Dec.
371,900
9,301 Dec.
900
$53,295,900
.
S, 144.400
Dec.$l,0}>,4M
$3%0I9,.V>.)
3,702, '00
3,2j3 .WO
1,598,100
II.IOO
2,022,800
6,387,100
8,500
Orerdrafu
88,
6i,
65,
6i,
15.
68,100
BISOUBOXS.
Loans and disconnts
(86,829.600
4,K4<,*iO0
Otlierstoclis and bonds and mortgages
2,7!>2,8'I0
Due from banks
6i, 1881
dem.
dem.
dem.
dtm.
Dec
Dec
ZS.OI.'i.an)
$53,295,900 $5.>,:e6,S00
Totol
1.
dem.
dem.
dem.
5
5
5
5
5
10
Lorillard
3
depositors
United Slates Bonds.
Jan. 23 10 Feb.
IS, '77.
$I3.5-S,2'J0
4,0m.7M
Railroads.
8
3
Comparlaoai.
Dec. $100,000
Inc
46,900
»5,800 Dec
100
4,8.9700 Inc. l,tSS,800
Dec.
'77.
»ll>,6ffi.«()0
prollts
Net
Paid-in choltal, $luu,0ii0.
MilN W. Barae,
X
..
35
(^a^ettt.
NATION.lIi B.ViyK!« OROANIiBBD.
The United Statas Comptroller of the Currency furnUheg the
foUowiuK statement of Natioaal Banks orp;«nizod the paat week
8.J?8— Eichange National Bnnk of Olian, Now York. Authorized capital,
«100,i(0.
H
:
THE OHRONICI.R
12, 1878.]
€(ie
..
The range
elass of
in prices since Jan. 1, 1878,
1, 1878,
bonds outstanding Jan.
Amoimt Jan. 1.—-,
1, 1878Coupon.
Highe9t.
Registered.
88.711,890
107>iJan. 11 $1S1.024,.WC
47.046,<15(i
10314 Jan. 11
69.856,400
106
Jan. 11
93,587,400 212,029,800
Lowest.
Jan.
Jan.
Jan.
4^48. 1891
106)4
1()2H
iC5>i
lOeii
107"i
ireji
coup. 10314
48, ll'Or
coup,
6s,
10! Ji .lau.
Closing prices of securities in
a. 8. 6s, 5-208, 1867
U.S. 58. 10-408
59 of 1881
New 4(4 per cents
.
105H
.
107)4
105X
103>i
.
142.552.76f>
10
221,2:58..?0n
104i( Jan.
11
1
]
I
Jan.
Jan.
18.474. 20fi
81,014.400
i>
21,714,800
52,013,550
287,202.060
81.525,800
13,855,800
9
6».62?,61:i
IWa
London have Deen as follows:
Jan.
11.
4.
I
lr.,75r),.5O0
11"
o'an.
Jan.
i
11
lOrji .iau
:WH
li)2Ji
Currency, 1899.... reg. 118S4 Jan.
28.
,
lOiX Jan.
JanJau.
Jan.
Jan.
Dec.
lii"
119
•119V4
and the amount of each
were as follows:
.^Range since Jan.
conp
new.. coup
coup
63, 5-209,1887
coup
»% 5-i09, 1868
coup
53, 10-408
coup
6s, funded, 1381
6?, 1881
6s, 5-209, 1885,
119.!*
106^4
lOlJi
!
106!t
108
— Kange
105H Jan. 2
Jan.
Jan.
Jan.
livrx
i
105X
I
10$y,
i
108X
104>i
since .)an. 1, 1878.-%
Uigliest.
Lowest.
k
:05
l(3>i
2
2
106i« Jan. 11
Jan. 11
108
106)4 Jan. 11
104?i Jan.
U
—
State and Railroad Bonds. The dealings in State bonds
have been exceedingly dull, and little business can be expected
in the Southern State bonds until the unsettled questions pending in several of the States are adjusted. Louisiana consols sold
The reports of
Tenne,ssee.«. old, at 35f.
here to-day at 80i
Northern State finances, as they come in the several Governors'
messages, are quite satisfactory, and the progress toward paying
off State debts, though not as rapid as a few years ago, is still
very satisfactory.
Railroad bonds show only a moderate business as yet, thongh
;
over, and
ranging up to 12 per cent on
Monday, soon fell off, and have been quoted since then at 6@7
per cent. There is a fair business doing in commercial paper at
5@7 per cent for prime grades. The assignment of Mr. E. J_
Dunning, Jr., a note broker, who was accustomed to make call
loans on commercial paper deposited as collaterals, caused some
excitement early in the week. But undue prominence appears
to have been given to his transactions in the newspapers, as
there was no fraud of any sort, and such loans have for a long
time been made by the banks, and seem to be regarded by some,
if not all of them, as legitimUe business.
Tlie Bank of England on Thursday showed an increase in bullion for the week of £121,000, and the reserve stood at SOi per
cent of liabilities, against 43 11-16 the previous week. The
minimum discount rate was reduced to 3 per cent.
The last statement of the New York City Clearing. House
banks, issued January 5, showed an increase of $1,829,175 in
excess above their 25 per cent legal reserve, the whole of such
excess being |9, 324, 125, against $7,994,950 the previous week.
The following table shows the changes from the previous
week and a comparison with the two preceding years
ra*.e8
on
call loans, after
:
l«n.
1878.
1877.
1878.
Dec. 29.
Jan. 5.
Differences.
Jan. 6
Jan. S.
$231,173,900 $a39,«0,40(! Inc.
$,S2.M)0 »251,8no.inf) 82fl3,(M4,ilC0
2J.2V7,5*) Inc . 8,08.5,100
Specie
22.123.400
.?8,«0.800
24 14«.600
CArcnlation ..
19.7S7.100 Inc..
19.657,S00
129,300
15 503,400
18.1595,800
Het deposits.. 197.711,800 201,»81,5C0 Inc.. 4,2n9.700 220.783,600 21O,8J020O
Lecal tenders.
35,3)0.500
3I,»12.000 Dec.
Ii8%500
39,3i8,S00
S6,'283,200
Loans and die.
Mr. William A. Camp, manager of the Clearinfi;-Hou.se, furnlBhcB the following quarterly statement of the State banks of
the ciiy of New York on the 15'.h cay of December, 1877
;
prices are quite firmly held.
There have been large sales of hypothecated securities at auction, but nearly all were of stocks and bonds commonly sold at
the Board. Of other local and miscellaneous secaiities Messrs.
A. H. Muller & Son sold the following
SHARES.
SHARES.
98)4
100 Murray Hill Banli (hypoth.). 60
SOPhenii Nat. Bank
300 Bankers' A Brokers' Asso.. 80
133
13 Bank of America
per cent paid (hypo.), $100
80 .Merchants' Kx. Nat. Bank... 8)
f or $3S
each
153 Merchauts' Nat. Bank
116)4
B0ND3.
420 N. Y. Boston A I'rov. RE.
funded
debt
Wabash
RR.
(Stonington)
$1,000
120X®116
8S
bond, line 1!I17.
91
5) Mutual Gaslight Co
25,000 Anderson Lebanon A St.
5'l Maiihattin G'light Co.205K®^06>i
Louis KR. let mort. 78,
19 !)4
50 Nat. Broadway Bank
gold, due 1905 coupons on
132
10 N. Y. Fire Ine
from May 1, 1876.. .»!4 per bond
9Third At. RR
12d
.
;
her auction sales embraced the following
Bank
2Naa8auBank
31 Grocers'
A
15X
90
Traders'
15
Importers
10
North River Bank
Bank
2FifihNat Bank
5 Produce Bank
8 Metropolitan Nat. Bank
6 Fifth Av. Bank
10 Republic Fire Ins
100 Lorillard Ins
25 Commerce Fire Ins
63 Hope Fire Ins
10 New York Cllj Fire Ins
:
SHAB
SnARKS.
Nat.
205
45
10354
70
1)1
iH
7S
100
61)(
77
66
a.
15 Mercantile Fire Ins
28 Peter Cooper Fire Ins...
17 Hamilton Fire Ins
SO Resolute Fire Ins
iiX
188>4
HO
.. 60
SOW
BS Firemen's Fund In9
SO Importers' A Traders' I1U....IO8H
Ins
Olole
Fire
30
140
10 Atlantic Ins
117
5 Qernmn-Amercaa Ins
70
10 Guaranty Fire Ins
90
g N. Y. A Boston Ins
5 Homeopathic Mat. Life Ins. . St
12 Novelty Rubber Co. Of Nsv
IM
Bruoswick, N. J..V
1«X
"
, .
.. .
..
..
'
,
'
..
,.
.
THE CHRONICLK
36
Closing prices of leading State and Rai Iroad Bonds for three
weeks past, and the range since Jan. 1,1878. have been as follows:
Statib.
Louisiana consols
Jan.
Jan.
28.
4.
11.
^Kange since Jan. I,18T8.—.
Highest.
Jan. 7
Lowest.
I
•39
76
do
2d series...
District of Colombia, 3-658 1924
Hailboads.
Central of N. J. Ist consol.
lOJX J»h-
7
3oX 33X Jan.
S3X
•6aw •67
6s, old
Virginia 6s, consol
81
8,
3
•15
•16
•IS
36
Tenueeeee
do
Dec.
•815^ •80V
80« 80Ji Jan.
•107X •x4¥ •104 H 104.;< Jan.
MlMouri 68 '8a or "90
North (Jarolina 6s, old
35^ Jan.
4'
•40
11
'
TOX
76H
ii'ii jaii.'
5'
'
76X Jani
7
7! 66X Jan. 11
Jan.
7 lOtK Jan.
3
Central Pacific let. 68, gold
108
x;U4!< 104 Ji 104J( Jan.
•1091/, 109
Jan. 2 109>j Jan. 5
Chic. Burl. & Qnincy consol. 7e •11S!«
92
92
Jan. 7, 92K Jan. 8
»iy.
Chic. & Northwest 'n, cp., tjold
92,(4
Jan. 8
92
Chic M. & St. P. cons. s. fd, 78 94 J4
91)i Jan. 5 92
Jan. 5 106X Jan. 9
Chic. R.I. & Paces, 1917..
lUSJi xwii 106^ 106
Jan. 7
Jan. 7 110
110
Erie 1st, 78, extended
iHM •111
LakeSh. & Mich.So.lstcons.cp 112 •xOS. •109M 109 Jan. 10 109)i Jan. 10
5 106>f Jan.
Michigan Central, consol. 78.
8
105)^ 105 X •105« lOTiii Jan.
•115
•115
Morris & Essex, Ist mort
115X 115>i Jan. 5 115'^ Jan. 5
Hud. 1st, coop.
xll8
119
Jan. 11
J^. Y. Cen.
118
Jan. 7 119
•98^
Ohio & Miss., cons. sink, fond •99
Pitlsb. Ft. Wayne & Chic. Ist •180
St. Louis & Iron Mt.. 1st mort. •103 Ji •103 >i •104
Jan. 7 105
104
Jan. 10
Dnlon Pacific let, 6s, gold
lOTH xl04
lOlX 103}i Jan. 7 104K Jan. 8
*9iJi/.
einkingfnnd....
do
94
Jan.
7
«5H 93X
35 Ji Jan. 10
* This 18 the price Did: no tcUe was made at the Board.
•65
.
.
65X
«6X
55'yi
.
•ma
.
&
.
n7x
RaUroad and miscellaneoua
Stock*.
—The
week
has
been somewhat unsettled in the stock market, owing to the flurry
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 discussiooB 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
understooil 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 probubly be effected.
The outlook for railroad earnings during the next six months is
referred to on another page, where the earniogs for December
and the year 1877 are given iu full, and ihe influences affecting
in
—
—
railroad traffic are briefly summed up. Rsducing the possibilities
in regard to the trunk lines to a single question, perhaps the
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 tue 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
nsnal semi-annual statement of this company to December 1 has
not been issued.
The daily highest and lowest nrices have been as follows:
Batnroay. Monaar, Tnesday, Wednes'y, Thursday, Friday
-Latest earnings reported
Jan.
Jaa.
5.
Pac.
Oel.& U. Canal
Del. L. ft West
I. ft
99
45
Han. *8t. Jo«
do
pref.
III.
7X
Lake Shore
Michigan Cent
Morris ftKssex
SiX;°rw,t.'2;«
Ohio
ft Miss.
Pacific Mall
(0^
61
71
73
21H
Panama
•36S 87H
..
This
Is
120
16
m
98S
:
do
do
'.
pref.
.
pref..
ChicaKO Eock Island * Pacific.
Delaware <fc Hudson Canal
Delaware Lack. <fc Western
.
Erie
Hannibal
&
Joseph ...'.'."..'.
do
pref
St.
do
ninols Central
Lake Shore
;...
Michigan Central
.
...'..'.
Morris <fc E-S(!X
N. Y. Central & Hudson River.
Ohio
&
Mississippi
Pacific Mail....'..
..'.'.
Panama
Wabash ftock
Union
.....
Pacific
'.,[
Wcetem Union
Adams ExprcBS
Telegraph.
.,
American Express
United Statea Express
Wells, Fargo
Co
<inJck8ilvcr
4
do
16V
o^s
'SIH
no
.?.
8
12«
2l
74
T<%
62% 63 S
74
'S2X 23
121>j 121X
nS
II
67X 68^
r,Q 77s
9SS »fS
48
88
•..,,
30
48
83
15V
30
an
lOV
UX
24X
22>i
il'A
74!^
74X 74X
61X 63
l'2K
68X
CU« 61X
74
74H
'n„'m
6K
-,.
22X :;»
liO
IjK 16X
6S
69
77« 77V
98 S K}i
48^ 48>i
47S 47S
83
83S
15
I
—
Jan.
1,
Lowest.
163<
•29S
1878, to date.
SX
8X
•UM 12X
was made at the Board.
the range in prices since
aale
16>^
88>i
—
61
61J<
%
mmn
1
74X
22>« 22H
123
127
"
'
.'
"
.
. . .
pref
.'
',
'..
6,4(» 13!4
""
430 102
62,350 36
17,569 x69;4
63,775 34
Jan.
'
Jan.
Jan.
Jan.
Jan.
34,691 61 ^K Jan.
7,608 99
Jan.
22,744 45
Jan.
171,!'48 48)4 Jan.
9,7!i5
7H Jan.
1,200
Jan,
3,550 22 Kf Jan.
3,130 73>i Jan.
KS,549 60'^ Jan.
4,!i09 58^ Jan.
6,401 71
Jan.
16.834 lOi
Jan.
5,710
8 Jan.
2,400 !tl'/i Jan.
453 112
Jan.
MX
48
46 S
S3S
"15
16.><
•29),'
Jan
1
'
Whole
3,876
7,480
2l,0l9
16
.Ian.
Ua Jan.
76«4 Jan.
1
KXJan.
11
11
liX Jan.
li
25x Jan.
8
9
4;
4!
74-^ Jan. 11
40%
68^ Jan.
7
63
Jan.
75 < Jan.
3il08,*i Jan.
t\
SH Jan.
S 21
Jan.
5 12^
Jan.
7
45
38 Ji
31
5i
7!
17XJan,
4
69
5 78X
9)
50
316 93
Jan. 8
322 48
Jan. 11
207 46KJan. 11
255 82J4 Jan. 7
100 16
Jan. 5
TOO 30
Jan. 5
''»
30
15
155<
T,l
73H
74)4
i2%
85Ji!lO«!4
2Vi llJt
12;i 26)i
'
80
130
73'"
Jan.
Jan.
Jan.
Jan.
Jan.
Jan.
Jan.
7
17
5U
69,'i
56
91
4314
36
81
13
8r,!< Ian.
16
4X
a;
84H
3)4.784
t69,O0O
6,860
24,307
73.017
167,019
81,700
H6,492
Cen. (Iil.line). .Month of Nov..
Indianap. Bl.
W... Month of Dec...
Int. & Gt. Northern. ..3d week of Nov.
452,048
93,117
&
41,(i89
31.3,868
Month of Dec,
Month of Dec.
Missouri Pacific
Mouth of Dec.
Mo. Kansas & Texas. .Month of Dec,
Mobile & Ohio
Month of Nov..
Kansas Pacific
Michigan Central,..
49l630
474,008
321,214
317,S49
256.021
252,766
168,731
62,521
8,2S2
19.432
333,418
61,302
4J,9ao
522,100
258,685
ir8.542
11,381
,
Nashv.Chatt. & St.L..Month of Nov..
New Jersey Midland.. Month of Nov.,
& Elizabetht'n, ..3d week of Dec.
& Memphis
Month of Dec,
Phila. & Erie
Month of Nov.
Pad.
Pad.
Joseph* Western Month
.
65,981
17,104
Mil.
& St.
week
Paul, let
of Jan.
189.5S3
2,915,250
465,068
515,724
4,496,217
3,150,477
307,900
51, S.36
54,301
507,:64
261,178
ll>,29t
15,693
8,260
4,225
1,3^\453
3,7l'4',?2i
3,217,279
1,789,701
1,558,680
614,498
207,473
3,054,687
411,957
498,744
4,002,044
3,137,280
1,336,469
607,612
321,149
149,340
498,276
55,.5S9
?5,',93
608,256
328,163
151,916
534,328
334,820
681,138
308,S'>5
71,4:0
98,071
622,107
1,105,688 1,411,758
.3<)2.06S
4,49i.693 4,403.615
1,236.487 11,547,350 11 895,871
1877.
1878.
1877.
1873.
Chic
1878.
3,851,251
3,174,320
1,675,628
1,5?«,144
634,234
2Uii,466
2j4,590
147,193
of Nov..
SuL. A.&T.H.(brch8j.Monthof Dec...
St. L. L Mt. & Sooth. Month of Dec.
St.L.K.C.& North'nMonthof Dec...
St. L. & S. Francisco .Month of Dec.
8t.L.&8.E'n(StL.div.;3d week of Dec.
(Ken.diT.)..3d week of Dec.
7,741
" (Tenn.diT.)..3d weekof Dec.
.3,1B1
9t.Paul& S, City
Month of Nov..
67,444
Sionx City&St.Paul, .Month of Nov..
49.251
Soothem Minnesota .Month of Nov..
85,870
l'ol.Peoria& Warsaw.. Mouth of Dec...
>iO,687
Wabash
Month of Dec. 381.784
Union Pacific
Month of Nov.. 1.115.009
St
to latest date.
2'«,361
4, ,'82
S54,736
1,421,317 16.-84,319 18,124,112
374,,351
4,483,.i58 4,960,^28
610,238 8,116,460 8,i 51.170
6,570
376,201
365,399
17,297
191,357
185, ll&
41.415
781,265
4S9,827
140,008 9,417,074 9,272,172
59,388 3,95 ,584 3,970,073
l:J2,117
2,011,867 1,817.695
42',),614
4,66 ',,525 4,994,790
113,li56 1,207,662
1,462,804
50..53T
1,293.304 1,163,293
216,927 3,279,710 3,0C0,799
1,317,01)0
Illinois
I
1877.
$204,447 $2,663,823 t2,43C,5S3
29(i 313
91),'4S8
l,2i9!8« 1.128!67i
.
Month of Dec...
Chicago & Alton
Month of Dec.
Chlc.Mil.& St. Paul... Month of Dec.
Clev. Mt, V. & D.,&c..3d week of Dec.
Dakota South.-ru
Month of Nov..
Denv. &, PJo Grande... Month of Dec...
Grand Trunk
W'k end. Dec. 39.
Great Western
W'kend. Dec.28.
Hannibal & St. Jo... Month of Dec...
8116,000
tfi5,131
week
Total sales of the
in leadin&r stocks were as (oIIowh
North- Lake Weat'n
St.
Mich. Del. L,
Del. Jt
west. Shore. Union. Paul.
Cent. & W.
Erie.
Hud.
Jan,
5
7
8
9
10
1,950
12,300
19,075
12,70J
12,3J0
6,450
11
?00
7,450
2,000
],B00
3,300
969
2.5,900
3,-;oo
960
12,900
10,930
17,100
9,210
9,000
1,700
59,380
39,688
16,720
9,140
27,910
28,130
400
305
614
800
2,960
1,600
7oa
400
775
8,114
4,915
3,300
1,'85
2,050
3,180
3,3.50
63,775 223,541 21.019 62,350
4,309 171,918
9,785 28.744
181,031 4W,6«5 337,874 153,992 187,882 524.030 780,090 200,000
Total...
Whole stock
The
45,502
45,100
25,865
44,050
33,112
number
of shares of stock outstanding is given io
purpose of comparison.
1'he UoM Market. Gold has gone still loTver, and clc^e? today at 102f. The meeting of bankers, looking to the establish,
ment of a gold basis if necessary, and the belief that tlie Silver
bill has less prospect of glassing over the President's veto, have
had some influence, as also the lower rates of exchange from the
causes referred to below.
The Evening Post money article says: "On gold loans the
rates have been 7@5 per cent for carrying.
There is some Jis(osiiion to sell gold short,' on the calculation that the Silver
bill cannot become a law, and that within thirty days ttie 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
resumption sure by the close of the year. Whether t'.iis is a too
hopeful view for the street to take, remains to be seen."
Silver in London is quottd today at 54d. per oz.
The range of gold and clearings and balances were as follows
total
the last line, for
tb,e
—
'
r
—Quotations.Saturday,
mu
Jan,
"
Monday,
"
Tuesday,
Wednesday, *'
Balances.
,
Gold. [Currency.
,
mu 102
102«
li>2
Friday,
4
102 1«
l,39;,416i
1,813.1.36
102X
103^ 102% I02X 102 Ji
1,781,500
1,700.351
W2% 102X
10,..
11...,
Jl.768,325 11,548,243
1,378 850 1,418,694
'i
102 J«
102J< 102>i 102 Ji
Thursday,
Current week.
Previous week,
Jan. 1 to date .
102 Ji
102X 102 ,S
W2%
10-J>t
102*1;
£
Guilders
1,43:<,864
1,880,888
1,809,938
I,T45.01G
m\
102H 182,914,000
102^ 102^ 102 Ji lOiJi 114,981,000 1,318,923
108H
The following are quotations in gold for various coins
~
Sovereigns
Dimes*
half dimes.
$4 84 ©$4 89
96
Napoleons
3 87
8 92
Large silver, Xs &Ms
96
XXBeichmarks.... 4 74
—90
4 80
Five francs
10254 102Ji
,
1,351,315
102!<'l09?il 102T<
.
3 90
Spanish Doubloons. 15 80
a
&
© 4 10
S 18 20
©
15 60
Jlexican Doubloons 15 50
Fine silver bars
117
Fine eold bars
par©J^prem.
USHa
Mexican
dollars.
.
English silver
Prussian silv. thaicrs
I
:
—
©—
—
—
©—
©—
— 92 ©
4 75 © 4
— 65 ©
—
— 96Ji© —
II
Trade dollars
97
97
1.3
94Jf
85
70
97>tf
—
Bxclianse. Foreign exchange has shown a drooping tendency, as bond importers have purchased but moderately, and the
supply of commercial bills from cotton, breadatuffs ani provisions is abundant.
This afteruoon sime leading drawers
reduced their rates to 4 81^ for 60 days' sterling and 4-84J for
demand, and on the street rates were about i point lover.
In domestic bills the following were rates of exchinge on
New York to-day at the undermentioned cities Savannah, buyug i off, selling | oli Cincinnati, good demand, 50 discount,
selling 50 premium Charleston, stiff, 3-16@J par New Orleans,
commercial 7-10, bank 5-16 St. Louis, 50 premium Chicago,
par, and Milwaukee, par.
Foreign exchange quotations arc
:
;
;
;
;
;
:
11:6
Jan.
60 days.
4.31 ©4.81,!^
60«
59«
Prime bankers' sterling
90
84
Good bankers' and prime commercial
Good commercial
4.80X©!
Documentary commercial
4.79
Paris (francs)
(francs)
5,21«©S.18X
3 days.
4.84 ©4.S4X
4.83!4©4.84
4.82S«©4.^3
4.82 ©4.83
5.19>i@5.16 •<
5.2«>4©5.'.83i
5HJ<@5.16;4
Swiss
6.22H©5.1SX
5.19.>i'a5.167i
49
4CX
19« 45
The latest railroad earnings, and the totals from Jan. 1 to laiesi
dates, are given below.
The statement includes the gross earnings of all railroads from which returns can be obtained
The
columns under the heading " Jan. 1 to latest date" furnish
the
poBs earnings from Jan. 1, to, and including, the period mentioned
in the second column.
1876.
.
Op'n Lbw. High Clos.
%
1
99
48
47
^S'^
year 1877.
Highest.
Low.'Hlsh
"
2 I614 Jan. 11
37X
2 10>^ Jan. 3 94
118Ji
5 a'iH Jan. 9
42>i
11 71 Ji Jan.
9 40Ji 7314
Jan. 8 15
4 3j
43H
5: t4),' Jan.
9 37Ji m}i
6 lOOjv Jan.
8 82X 105,!i
5 ii% Jan. 2 25X
5' t2!i Jan.
2 30y, li'^
5l
.
Jan.
.
1877.
8.
«
m%
VA
9J
I
Northwestern
do
i'iX
8S
11.
wi>;
-'^
liH 3IC9X ;ox
X sia
62V 63H em 63X
ii>4 99«
99H MX
48
49y 49X El
iva 50X
49J< 61
25X
683
^•^%
Shares
Chicago Burl. & Qolncy
Chicago MU. i St. Paol.
&
17«
98
and
New .Jersey
121)
77s
83
17
30
• ...
30
16
SO
mi
47X
83*
Jan.
'ma
"-<^
""
38H
37H
Wi>i
72>,
35
78 v<
74
98M
uaies
of w'k.
do
-•
"-•
S;V
-Hi
74
-.sa
47X 47X
Total saJes this week,
1877. were as follows:
Chicago
43
49<^
63
117
17
6(
I7X
30
the price bid and asked
Central of
64X
'
'UH
U^
22s
120
:;x
'iS\
^H
48H
16
3?i<
lOOH
ax
25
62
73
65X 66j
Wells. Fartro
Qulcksllve,-....
do
pref.
, ._.
-
49
62X 6S«
S2«
22
.6x 77X
•46
""
891i
T3V
'lOi
9H '"SX'"!**
8X 8X 'J§'^«««
•MX
98S
25
74
63
74
73X
Adams Kxp...
American Ex
nmted states.
8X
:2« 12X
62
tiii
111
112
Wabash, «tock
Union Pacific.
West. Un. Tel.
8
'.
"'^^'^
"5!^''1ti
8>i
8H
..
47X 49H
48% 50!<
7SH U
62« 63X
7SK
6VA
SS
63k 61
100«
'U
24
61
...
4Sti
UK MIW
•ll)i
34
S!
lu.
16
..
37X
72«
36X
63X
99X
47X
lOOi,-
50
8
7X
Central.,
37S 33jl
73¥ 73X
lOOJj
49
4;x
Jan.
16
mHMiH'm'
37''
SSX 36K
62« 63H
100
99)^
43
ii'A
46K
Erie.
Jan.
Uii
iriw 16
loaj< Iffix
37
sax
S8X
73
73H
Ohlc.Bnri.iQ KBX loiX
C.MIl.&Bt.F. 36X 36X
do
pref.
Ti
nx
Chlo.& North. tH)i 34 W
do
pref.
61V MS
&
Central Pacific
—
Central of N.J
[Vol. XXVI.
Pe. .Month of D(C,
J231,500
Atlantic* Gt. West.. Month of Nov.,
377,629
Bar. C. Rap. &, North, Month of Dec.
129,654
Cairo & St. Louis
2d week of Dec.
3,S46
Atch. Top.
—
C. K.
.
Antwerp
(fra'ics)
Amsterdam (guilders)
Hamburg (reichmarks)
Frankfort (reichmarks)
Bremen (reichmarks)
Berlin (reichmarks).
bills
on London.
.
81
4,79>4@4 80
@4,79}<
89V©
94K®
40
91^4
94!<© 94X
94y©
MH
95
95
95
95
©
@
©
@
96Ji
95;»
95K
.
.
.
.
.
Jakuaiit
Bank*. —The
followioff stktemeDt abows the
condltioa of the Anaociated Baaks of New York City for the week
ending; at the comuieDCeiueDt of bueloess on Jan. 5, 1878:
Oltjr
Bank*
Capital,
Loan* and
-ATlaASB AMOUNT Or
Legal
Net
Dlflcoanta.
Spec'e. Teni
endors.
$
NcwY.>rk
$
Clrcala-
Deposits,
l,5i8,600
755,000
7,S00,2K)
»98,S0O
1,451,400
8^,200
5,1149,200
4<I3.900
689.100
690.400
Union.
696,300
.SI»,1G0
l,39i,2^
1,012,400
6,752,100
4,511,900
2,994,000
B,147,6J0
1,000,1100
4.al^,500
7.79.1100
2,522,000
5,;89,"00
1,000,000
Pulton
tiOO.OOO
Cnemlcal
8X).0n0
McrehaiUn' Kxch. 1,000.000
Gallatin National l,5ij0,000
Butcher»& Drov. 500,000
Mechanics' Jfe Tr.
600,000
...
Tradesmeu'6
Greenwich
8.:118.7C0
6.18l,S(X)
28J,0flO
2,4>i3,000
817,000
S. 1-17,000
1,706,800
2^9,300
345,100
I0,I13,'«0O
8u5,9IX)
2,6!m,(l00
3,1M,100
249.600
S36,!«0
91,000
2 MOO
485,900
4,140,100
1,769,400
1,841.700
10.8:3,600
2,452,200
822,500
8H,C0J
l,929,-.i00
45,0l.'0
943,000
'.,04.3,000
260,000
21.3,000
908.000
763,900
2,199,200
914,300
l,7y),000
188,0(iO
S,35»,70O
l,3Jti,000
i,sso,ooa
770,700
2.441,i00
1,000,000
Mercantile
l,i>00.000
240,.',00
785,700
201,900
2,700
421.700
285,800
135,S00
36,600
175.600
45.000
1,031,000
7,796,(;00
243.000
1,199.000
6.900,800 2,140.600
659,20)
3.510.700
893.600
2,93;t,l00
466.400
122,500
433,30J
1.366,700
142,400
1,972,100
45b',666
302,600
2,794,400
398,000
140,900
1.080,500
5,400
859,000
1,904.600
503,500
3,.WJ.OOO
447!4o6
618,600
3,109,000
72,900
1,872,000 10,210,000 2 2'-D'om
480,100
1,918.200
178.200
271,100
1.861.300
3,900
»33,90O
1,M5,500
297,200
2I0,«W
919.500
497. .ICO
5.35,400
2,916.500
321 100
1.9.)';. 600
410,000
4,700
462,000
1,901,000
778,900
3.55.700
102,100
352.800
.
Broadway
l,518,i'00
1,421.700
3,510.700
»8,.V10
3,-J35,400
314.600
422,700
1 ,96 1,700
fr^WO
Republic
1,500,000
8,800,000
526,600
Chatham
450,000
1.950,900
415,800
People's
412,500
1.307,500
9.200
North America... 1,000,003 8,219,900
13? ,600
Hanover
1,000,000
4,303.800
310,200
Irving
601,000
1,986,0.0
*i,200
Metropolitan
3.000,000 18,409,000 1,401,000
Citizens'
600,000
1,090,800
87,900
Na»»n
1,000.000
1.933,900
38,500
Market
1,000,000
2,59.1,300
198,300
St. Nicholaa
1,000,000
2.015.700
113,400
Shoe and Leather. I. OOO.fKX) 3..V.8,500
214,800
CornK.tchanue.. 1,000.000 2,93ii.S0O
384,600
Continental
2,!t78.300
1,250,000
t9,8j0
Onental
300,003
1,2W,600
25.400
22.3.0OJ
1,08.3,000
Marine
400.000
2.011,000
133,000
338,000
1,928,000
273.660
Importerg'&Trad. I,f00,n00 14,908.500 1,198,700 3.287,700 16,063.,500 1,109,800
Park
2,000,000 11.173,300 1,033,600 2,.'SO9,SO0 13,2:2,700
540,000
Mecb. Bkf;. Ass'n. 500,000
177.300
12,700
150 2!X)
556,700
302,200
Grocers'
300,000
845,000
2,100
!7-2,100
788,'200
North Kiver
40 i.OOO
»»,000
18,000
133,000
634,600
Kaet Kver
330,000
718,400
7,600
152,400
587,000
96,900
Mannf'ra'
Mer.
100,0 >0
434,200
4,700
124.600
497,500
Fourth National.. 3,750.000 13,575.400- 1.328,800 1,499,600 11,050,100 1,048,900
„
,
Central National.. 2,000,000
7,0,34.000
164,000 1,370,000
5,785,1100 1 473 000
Second National..
300.000
1,841.000
'269*000
474,000
1,871,000
Ninth Nationil
1.500,000
4,632,830
318,200
987,600
3,952,000
ri3,000
First National ...
6.-281.200 1,206,800
500,OX)
587,100
6,565,700
450,000
Third National
l.ilOJ.OOO
5,9^.400
960, -200
978,100
6,191,800
774,000
N. r.Nat. Kxch.
300,000
l,0j5,60a
14,500
198,300
717,500
268,400
Pacific
A
,
Total
ib6',666
1,103,800
1,041,200
200.0.0
1,000,003
2)8,000
803,900
270,500
2,400
34V,666
2,.38.),600
793;806
1,104.000
2,315,800
Inc.
Inc.
$82, '00
I
Net Deposits
3,0tf, 103
|
Circulation
Dec.
Tha following
688,500
Specie.
L. Tenders.
«
July
July
Aug
7.
14.
4.
Aug.ll.
Aug
18.
Aug. 2).
Sept. 1..
Sept. 8
Sept. 15.
Sept
Sept.
23.
29.
OcL6...
2->.3,323,«03
2.')3,452,700
"
"'
219,787,800
245,3;7,2ft)
21.3,8»6,:M0
15,030,JX>1
13,449, 00
341,893,603
24!,77«,701
213,920,800
2tl,795,M0O
2*i,976.40)
24I,SI7,801
238.470,900
2IS,2;9,80J
•il-^, 183,800
1 1,3-10,000
•
129.300
'
pa»t:
Deposits. Circulation. Ajjg. Clear.
2.31,-22-<,600
15,558,100 345,922,956
229,033,300
1.5,868,400
89l,.344.937
"
il9.1iie,600
15,585,303
390,467,637
21.5,41 1, «03
15,639,.500
840,0ii3.'240
53,69r>,0,ie
213.414.603
50.789,000
48,li0,80O
213,0-26,S00
509.4.53,700
15,515,900
15,515,500
4'),3).3,900
210,574,100
344,757,974
420,915,000
400,791,928
397,370,385
19,913.lKX)
44,045,tOO
208,583,4')O
19.274,700
H.tisa.iTO
42,4.'S4,400
a0<i,7-24.10O
16,010.100
19,161,600
16..5.'jl,;fl0
4 1, 97.5, '00
41,402,000
200,T11,200
197,853,400
I7.0)0,:100
40,:i'6,8i)0
16,515.900
3S,9l't,300
197,171,61)0
19.5,581.503
15,38:5..300
15,568,403
15,577,100
15,696,100
379.2:i5,«93
405,033, -278
15,7-24,400
419,366.185
485,18;,249
478,165,840
417,387,453
39,23.5,100
191,848,700
39,531,903
19!.364,'J00
17,15(1,800
458.0-25,8.53
2r>.J6-i,.300
19.451,800
19.7'.7.8X)
18,.334,0)3
18,9-Jo,030
19,V>(i,800
39,.503,)03
•39,832,900
39,919. 03
4),579,8:)0
1«,.557.300
198,501,500
19i,28t,900
191,961,500
n,?-!^-!,*
23i,3-3S,iOO
2«,329,8)J
358,005,16:
401,930 9:16
417,104,418
1%,9123)0
10.
17.
24.
S)cc. 1.
•23-1,429.600
De.\ 8..
Dec. I.-).
Dec. 22.
3«,5?a-*>l
Dec
5<,447,000
5S,809,330
54'262,10)
53,0:«.800
weeks
-29.
3:)'t,173,(l13
23,123.4)0
58,478,703
37,562,90)
35,067,5)0
35,300.50)
5...
23,),2.')6,(0O
3i,207,5()0
34,6I'>,000
4!7,!>>4,003
•236.784,30)
qHOTATIONS
IH
!9,ii54,'K)0
.
,
saoDBiTtas,
Bid.
369,51-2,9>4
488,942,-229
194,S42,.500
18,67ti,7110
l!i.-293,903
436,913 792
412,404,646
197,711,800
211,981,500
19,657.800
19,787,100
324.8:16,660
193.896,400
Ask.
AND OTHER
SIOUBITIIS.
Vermont * Mass.
Maine <a
New HampBhlre 6«
Vermontia
Massachusetts Ss, gold
Boston 6», currency
do 5a,gold
Chicago sewersge 7b
do
MinlLlDal7s
ios
Portland «s ..........:::::::: 107K
Atch.&Tcpekalstm.7a
'bo«
do
land grant7B
do
Jd7»
do
land Inc. 12s.
Boston a. Alhany 7s
lis
do
«•
Boston* Loweina
18,101,530
18,110,300
421,8:8,6:37
18.-208,.'IOfl
BIISTOS. PfllLADBlPniA
BOSTON.
17,811,9110
Boston
Boston
Boston
Boston
&
412,729,88r
CITIES.
Bid. Ask.
do
Sd
.-n.,
7b,
1»1
vcnuuni * Caaada. new
as
1»
58, reK.
*
6fl,
gold, reg
78,
Wt'r
98
lllS
m3
Cheshire preferred
Cln Bandusky t Clev
'56>4
7!«
'Kastern (Mass.)
4Jli
Eastern (New Mampahlre)...
FItchburK
iiVx
T
.
Vermant ACaaada
WorcMMr* MaAaa
HO
no
coup
coupon
60,
.
C-mden &
Atlantic
do
do
pref
Catawlssa
17
10
26
27
8
^H
,
do
new pref.
do
Delaware & Bound Brook...,
32H
East PenoBylvanltt
30
pref
Eimlra
do
,
,
& WlUiamsport
do
pref.
Mt. Joy A Lancaster.
Huntingdon & Broad Top...
do pref,
do
Tlar. P.
Lehigh Valley
Little Schuylkill
Balt.ftOhlo
86
Neaquehonlng Valley
NorrlBtown
Northern Faclflc, pref
North Pennsylyanla
Pennsy Iva'jla
>
„ ._do
W. Va. Sd m..guar.,'85.J4J
Central
40X Northern
do
6s, -SS, JftJ
6a, 1900, A.ftO
*8S
83
38
102
do
Ches.*
I7H
110
'92,
F.
*A
WTH
.
.
8s, .881
6s, at pleaanre
do
Series
Certlfs. sewer, 8a, "74-77
CINCINNATI.
Cincinnati 6s
97
I
t
do
7s
t
do
TSOs
t
do
South. RR. TSOS.t
do
do 6s, gold.
Hamilton Co., O., 68. long., .t
7s, 1 to5yrs..t
do
do
7 4 7'80s.long.t
iCln.& Cov. Bridge st'k, pref.
ICln.
Ham. * D.
IOS
109H
Cln.
Ham. 4
1st
m.
2d m.
do
'
78, '80
7s, 'dS.
Ind., 7s, guar.
.
Indiana ist m.7s
do
Sd in.7s, '.7..
Colum. 4 Xi^nla, 1st m. 7b, '90
Dayton 4 Mich. Ist m. 7b, ^1
21 m. 78, '8(
do
3d m. 78, 'gj
do
IISK
Dayton * West, ist m., '81 .t
10«
do
1st m., 1905
105
1st m. 68, 1903
do
88
,Cln. ft
I
. .
56
TItusv. ft B..7s,c[>..'96
Pa.ftN.Y.C.ft KU.7a, '96 1906 UIH 112
Pennsylvania, Ist m., cp.,'80.. lOIH
gen. m. 6s, cp., 19,0. 106H 107
do
gen. m. 6s, ig., 1910. 10..>i
do
6', rg.,19G5. 92
cons,
do
cons. in. 6s, cp., 1905. Vi
do
m
'
(1843) 68, at pi.
st'k ('47) 6s, at pi .
Certlfs. gen. imp. Sj, TT-TS.
i-lttsb.
Phlla.&KHel8tui.68, cp.,'8i
2d m 78,cp.,'S8.
do
Phlla. A Reading 6s, '60
7s, coup. ,'93
do
dehen., cp.,'93
do
do cons. m. Is, cp..l91!
do cons. m. 7s, rg.,19'.l
do conv. 78, 1893
g., '92.
do
Bonnty stock. 6s
do
Market stock, 6s
d«
Hoard of Public Works—
102
,
Perl-.lomen i8t m.6*,cou|i.,'in
I),
Oeneral stock,
105
-
7S'.<
Ind. Cln.
do
* Laf.
Ist m.
(I.ftC.) lstm.7s,'sa
6s, '83
LUtle Miami
Ham. ft Dayton stock.
Columbus ft Xenla stock
Cln.
Dayton ft Michigan stock..
do
8. P.O. st'k, goar
.
Uttle Miami stock
103
liOiriSVILLE.
IOS*?
u0ulBvllle7s
lUH
do
do
do
d»
do
do
102
102S4
lOIJi 102
Sd
I.deb.7B,»2 •40
ft
67
60
.
82 to '8!
6e,'9Ito'»i
+
t
water 6s,'87 to "St t
water stock 6s,'97.t
wharf 6a
t
spec'l tax6sof '89.t
W
M
m
Jeff.M.ftl.istm. (lftM)7>,'8it
2d m.,7B
do
Snnburyft Erie 1st m. 7s, "97..
UnlledN. J. cons.m.««, TH ibiH lot
79
83
Warren ft F. 1st m. 7s, '»<,..,
Loats.ft Fr'k.,Loulsv.ln,<e,'8:
B..lt. 6b, '84
ft St.
Louis
7b, 1900
1901
1st, 6s, IDM.
etouhenv. ft Ind.
Stony Creek Isl m.lB,
.Wl...,
West Chester cons. 7s, '»l.
West Jersey 6s, deb,, coup. ,'83
1st m.6B, cp., '96.
do
1st m.7B, '9(
do
Western Penn.
do
Kit. 6«, '.893...
6s P. B.,'»6.
BOH
97
113
114
do
1st l>l.,7s,1906 ...t
Lonlsv.C.ft Lex. 1st m. 7s,t7.
ex past-doe coupons
Lontiv. * Nashville—
Leb. Br. 6b, '86
f
lit m. Leb. Br. Ex.,7B,'80-«.t
6«. '«3...t
Lon. In.
do
Consol. 1st m. 7a, '98
Jefferson Uad. * Ind
Nashville
Loolarllle *
UmlsvlUe Water 6s, Cs. 1907
70
70
Read.'ftra.7.,lhl0«
2dm.,IS0«<..
do
ft
6<, reg., 'S6.
Division 6a, cp.,'78.
M
.
110)2
• la
defanlt of Interwt.
V)H.
St.
Dcla
m
SOW
ST. I.OVI8.
Louis Is.loig
t
'
waterM,g*ld
do
do new.
do
do
Delaware
bridge aDpr.,s. 6s
da
Lehigh Navigation 6^, reg.,'S< 104 104m
renewal, gold, Cs.t
do
BK.,rg.,'»: 102H 108)»,
do
sewer, g. is, •».*«.t
ao
deb..rg., T7
do
St. Lenls Co. newpark.g.b.t
conv., rg. "82
d©
cur. 7s
t
da
no
C'>nv.,e., rg.,1H 91
San F. Kit. bds, ser's A
St.L.ft
do
gold. 'vT. ..
S.'W
do B
da
do
do COBS,
70
78, rg Vl'l
d«
do C
do
M*iTli, boat loan, reg, lOBS.
CANAL BONDS.
Chesap.
1<I2
Georgetown.
105
78, '88 .
ist m., 78, '60.
C
85« 94X
looS 101!d
do
(Leg.) 6«, g., igOi.
Certlfs.of stVk (182Si 53, at pi.
39H
W4H
W'msport,
ist m.,58,perp.
do
Harrisburg Ist mort. 63,^81.. io3
H. ft B. T. ist m. 7s, gold. '90. 1II6
2d m. 78, gold, '95. lOlJi
do
Sdm.cons. 7e. "yj*. liO
do
Ithacaft Athens 1st g d, 78. ,'90 105
Junction lat mort. 6 1, '8a. ...
do
2d mort. 63. 19J0 ...
Lehigh Valley, 6^, coup.. 1898.1 106
tis.reg.,189i... 109H
do
7s, reg., 1910... 1I4J4
do
do con. m.,8i.rg.,l9^, 95
-O.fLittle Schuylkill, Ut m. 7s/^2
North. Penn. Ist m. 6s, cp.,'8S. lOU
2dm.7s,cp.,'96 lUH
do
7b,
cp., 1903.
do gen. m.
do gen. m.7s, reg., lUd i04>4
Oil Creek 1st m. 7s, coup. ,'8;.
Wllm. 4
Cln. 7s,
Wa9hington.
Ten-year bonds, 6s, "TS
Fund. loan (Cong.) 68,
.
mort.
El.ft
102
10«
Dtstrtcl of Culumbia.
Perm. lmp.6s, g., J.4J., 1891.
do
7s, 1891
Market Stock bonds. 78, I8«.
Water Stock bonds, 7s, 190i.
do
do
7s, 1903..
106
1900
Br., 181.78. 1906
ist
89
lOIJ
IOS)
TTASITINGTOIV.
18«
I22X
Connectlng^es, 1900-1904
Dan. H.& Wilk8.,lat.,78, '37',
Delaware mort., 6s, various.
Bound
(
.
2dm.,7s- cnr.,'80 97
Burlington Co. 6a.'97. 101
Catawlssa l8t,78, conv., Vi.
ft
91
do . 2d, M. &N
do
83, 3d, J. ft J
14S
Union KB. Ist, guar., J. ft J.
do
Can:on endorsed iobj4
UISCRLLAKEOUS.
Baltimore Gas certldcates.
People's Gaa
ft
East Penn.
4
Mar.
do
Del.
.
PIttsb.ft ConneirBV.",s,'98,J«.J
6s.coup,'83 104
lOci,
6s, 1880, J.*J.
6s, 1885, A.*0.
N.
6s, coup., '89 101
mort. 63, *89. ... tOS}^
ft Atl. iBt m. 76, g., 19)3 107
new 7b.
Ohio
4
Morns
chat, m.,
*
«
Weal Jersey
CANAL STOCKS.
Chesapeake ft Delaware
Delawnre Division
Lehigh Navigation
do
do
1»K ti3
IIS
lis
RAILROAD BONDS.
Bait.
Phllafielphia * Erie.
Pnlladelphla ft Kead ng
Philadelphia ft Trenton
120
125
PhMa.Wllmlng. * Baltimore.
PUt8t)ureTitU8v.& Buff
en 7
12-2
United N. J. Compnnies
122J<
West Chester coqboI. pref.... 57
58
Cam.
118
119
do 68,gld,19(», J.&J. 91h,
Cen. Ohio 6s, 1st m.,'90,M.4 8. 99K
47W
W. Md. «8, Ist m.. gr.,'90,J.4 J. 108
97
9S
do
1st m., ISSO, J.4 J...
12
93
100
do 2dm.,guar., J.4 J
38
do 2J m., pref
33
i'i
33H
do
2d
m.,gr.
by
10
W.Co.JftJ
9^
do 6s. 3dm., guar., J.* J.
1814 18«
Svinehin
Cam.
112
Central Ohio, pf J
so
Pittsburg * ConnellsrllIo..SO
21
89
63
42
48
100
do
Wash. Branch. 100
do
Parkersb'g Br. .SO
Iforthem Central
SO
Western Hai7land
SO
Wllm.*
& Lawrence
IISJ
do •s.ISW, quarterly..,
do •a. park,I890,U.—
do <•, 18«S, M.*r
Camden City 68,
do 6a,e<empt,'as,M.*8.
7b, reg. ft coup. ll«H iisw
do
do
1900, .J.*J
Delaware 6b, coupon
do
^.
19(»,J.*J
„
Harrlaburg City os. coupon
Norfolk water, 8s
RAILKOAD BTOCKS.
RAILKOAD STOCKS. Par.
CamdttQ County
WH
60
6a, exempt, lli87 ..
6», 1890. quarterly.
5s, quarterly
Baltimore ts, iS8l, qus '
do ««, :8M, J.*J
In.rg. &cr». 106
.
Concord
.Manchester
lis
Aik.
defense, J.* J.
do
do
do
'81
74, itr. Imp., retr., '83-96
X. Jersey 69, exempt, rg.dscp.
Pitts. Cln.
x75|
led.
BALTinORE.
„
Maryland Is,
es
cp., 1913.
Bhamokln V.& Pottir. 7s,
n«
HI m.. cons. 7b, •»«.
do
do
do
no
STOCKS.
Nash-ja A Lowell
Boston & .Maine 7s
lib
ii'o« NewYorlc* New Kngland...
Barl.* Mo.,landErant7s.... llOM
Northern of New Hampshire
do
Neb. 8«, 1591
iVi)
Norwich^ Worcester
xil28
do
Neb. Ss, 1881 »... -.03
egdensu. *L.Chainplaln ... 38 •1!
Kastern, Mass., 8SB. new. ... ss
do
do
pref
105
1U2
Hartford & KrleTa, new
Old Colony
90
Ogdensburg 4 Lake Ch.Ss...
rortlaud Saco A Portsmouth
Old Colony ,t Newport 7s. ..
liuilaua, common
Kutland, new 7b
'804
';?<
do preferred
TeriB -t 0.
...
•wnrmmBs.
107
114
n
rittsDurg 49, coup., lUt3
Albany
& Lowell
& Maine
4 Prevldence
Barllnifton & Mo. in Neb
103
110
IMi(l»delphla6s, old. reff.
115
do
0B. nciv, reg
118
Allegheny County 5i. coup...
Phlla.
ei
49
5«, cur., re^
Ss, new. reg. , 189*^1902
68, 10-15. reg., lV77-'B:j.
6s, 1535, reg., 1882- '93.
Phlla.* Uead.
1st m., 6s,1d
X12S
ii's'w
do
do
do
do
269,'700
17..3-22,403
Nov.
Nov.
Nov.
Jan
$4
15,ft35,900
18,7')4,500
2:16.287,400
2)6,21f>.600
.
do
3dm. 6a, 190,
do
m.6B,'«6....'
do
»s, lmp.,'8D.
do
6b, boat* car, 1918
do
7b, boat * car. 19^5
109X Susquehanna
6s, coup.. '.9 8 *
106
lilH
101
do
do
15,993,200
1«,031,000
16,230,300
16,726,000
Oct. 13..
Oct. 20..
Oct. 27
Nov. 3
.
«
2',359,300
;8,837,8X)
14,135,800
Inc..
Inc.,
8TATB AND OITT BONDS.
M, K*<1, tDt., reg. or cp.
Pfluna.
Camden ftAmboy
|
are the totals for a series of
Loans.
.
PennsTlrtnla6s,conp., ;9I0..
SchuyUllI Hav. Ist m. 6b, '97.
PHILADELPHIA.
180,000
Thederiatisna from returna of previouB week are as follows
Specie
Legal Tenders
Ask.
a2'4;i66
67,435,200 239,356,400 33,2 17,500 .34,613,000 201,931,500 19J87 jioo
Jo"*"
M
1.
.
37
do pref
Peanaylvanla ..
Schuylkill Navigation
do
pref..
Susquehanna
RAILROAD BONOS.
Allegheny Val.,7 3-lOs,139'J...
do
78. E. ext.,1910
do
inc. 7h, end., '91.
Bclvldere Dela. 2d m. 6s. ^8;..
do
31m. 68,':i7..
-
.
Tenth National..
Bowery National
New York County
German American
.
SKOTTKITias.
l6S„'n)0
16.\00)
1,100
363,600
576,000
Seventh Ward ..
300,000
969, tro
SUtoof N. York. 800,000 1,693.700
American Kxch'e. 5,000,(100 12,085,000
Comm«TCO ..... 5,000,000 13,977.900
.
8P,0CO
7,800
121,400
1,265.500
240,800
200.000
600.000
Leather Manuftra.
.
BOSTON, PHILADELPHIA, Bte.-Oo
»
8,.'>Di.aoo
6.8 «.aoo
1,300,000
3,000.000
1,000,000
tlon.
t
3,000,000
bHtlan Co... 3,0SU,O
Merehilnt*'
8,0qp,000
Moch»nlc«'
2,IXXM»0
Ma
Americ.i
Phoenix
City
.
THE CHRONICLE
12, 1878.]
Now Vork
.
t
And mtaren.
107
—
....)
..
..
.
K
..
.. .
..
...
..
.
..
.
..
.
.
THE CHRONICLE
38
[Vol. XXVI.
QUOTATIONS OV STOCKS AND BOUDS IN NEW"
and Railroad
U. 8. active Bonds
.Alab.'vma 5a, 1883.
58,1886
do
88,1883
do
do
do
do
88,
BS,
.
M.&E.KU..
Ala. &Cb.U.
8a of 18K
8a of 1893
ArWeniiaa 6b, funded
do
do
do
do
do
&
K.
7s. L.
Ft. 8. 188
Memphis & L-R.
73
18,1,. K.P.
7b, Miaa. O.
B.&N.O
& K. R.
78, Ark. Cent. RR...
-Oonnectlcut 6a
Georgia Aa
78, new bonaa
do
do
78, endorsed. ...
7b, gold bonds...
do
ininola
coupon,
6j,
187».
.
LoulBlana 68
68.nev
do
68, floating debt
do
78, Penitentiary
do
6b, leree
do
88, do
do
88, do 1875
do
8b, of 1910
do
7a,conaolldated
do
78. amall
do
Michigan 68, 1873-79.,
6b, 1883
do
78, I89U...
do
.
due
1878
1382 or '83
1886
18fl
1883
1389 or '9.
do
do
da
do
do
do
do
do
do
do
A
1st 78 £
do
do
iBt m.. La C. D.
do
Istm., I.&M.D
do
D..
lBtm.,I.
&
do
Istm., H. &D.
do
Istm., C. & M..
do
consol. sink, fd
do
2dm.
do
N. Western alnk. fund.
Int. bonds,
do
consol. bds
do
ext'Q bds..
do
iBt mort.
do
cp.gld.bds.
do
do
reg. do
looM 101«
66
65
C5
55
55
66
66
Chic.
22«
'V"
lOlH
100
105
&
dD
do
do
do
do
do
.
101
IDO
1C2J^ ....
lOi 1105
104S4ll049<
1045<!la4J)
104;
due 1886. 104
do 1837. 1U4
do
Hew York state—
68 Canal Loan, 1878 ...
Winona &
do
C. C. C.
lS>li
J.& J.... 70
70
.. ..A.&O....
do
50
do conp. off, J. & J
do do oS, A. & O. 50
10
Funding act, 186«
U
1868
do
do
OM06l,1881
do ts.l886
Bhode iBland
12
11«
10
9
2
J
2
2
101
106
lOS
Jan.
&
78 of
4J
& O....
1888
Non.fundable bonds ...
Tenneaaec 6b, old
do
68, new
do
68, new aeries.
VliglBla-
30
35
40
40
32
2
(a. new bonda, 1866
1867
do
<•,
M.conaol. bonds
66, ex matured coup.
OiH
small..
reglBtered
Railroad Stoclin.
Albany & Susquehanna.
{Active previously guot'd
.
Cleve. Col. Cln. ftl..
Gleve. & Pittsburg, guar..
Col. Chic. * I. Cent ...
Indlanap. Cin.
&
City.
Laf....
laland
Louisville A NaBhTllle
Ulsaouri Kansas & Texas.
Hew .lersey Southern
Hew York Elevated RK..
New Haven & Hart.
Ohio & Ml»?iaaippi, pref
F1U«. Ft. W. * Ch., guar.,
do
do
apeciat.
Benfielaer & Saratoga.
Kome Watertown & Oi;.
N. Y.
.
.
Louia Alton
do
&T. U...
do
DellevlUe& So.
I.
M &
prefIll.,pret.
Southern...
Bt.L. K. C. & North'n.pret
Terre Haute & Ind'polia.
United K. J. R.&C.
Warren
niscel'omi Stocks
Ajn. Dlatrict Telegraph.
Canton Co.. Baltimore
Cent. N. J Land & Im. Co.
Ainerlcan Coal
OoDBOIldat'n Coal of Md.
Mariposa L. & M. Co
.
do
do
Cnmberland Coal
Maryland Coal
&
pref.
Iron.
FennaylTanla Coal
Spring Mountain Coal....
OnUrlo
Silver Mining....
Railroad Bouds^
(Stock Kxcha7i'ie
Pt-ices.)
Boaton H. & Erie. Ist m
do
guar.
Bur.C.R&North.,i8153
Chwa. & Ohio 6>, lat m.
do
ex coup
.
.
Long Dock bonds
Cleve.
&
do
&
do
iiOH
alnk. fund...
HI
& Warsaw 8a
102
107
109
Uhlo
111
new bds 109^
& Erie, new bonds..
& State Line 78
Kalamazoo & W. Pigeon, Ist
Det. Mon. & ToI.,1at 78, 1906.
1U8>;
!00
Lake Shore Div. bonda
108
109
109>4 io9;«
109 1....
[."f
1
Mii
67
(18
92
76
61
60
m
loix
31
iblM>'
101>i
104
111
;09W 110
109)1 no
20
.
22
100>i 101)4
.
ft
Mich. L. 8h.
S'thwestern
&
W.
Ist Sa.
7a, guar..
m
UK
I
100
60
88
7«
91
80
90
.10
40
40
70
97
90
35
57
^h
40
30
5U
8(1
....
42
A»
46
»6
iBrokera' Quotations.}
STATES.
do
do
Class C
;Georgla 68, 187»-'8«
South Carolina new consol. 6b.
I
Texas
do
do
do
«8, 189'i
M.AS.
7s, gold, 189^-I9i0. J.&J.
79, gold. 1904 ..-I.&J ..t
IOs, pension, 1891. . J.&J
.
40
68
40
97
53
100
llOdi
lllK
104),
bonds, 78
.\iacon
Memphis bonds C
A^ B
bonds
.do
do
end., M. & C.
Mobilefts (coups, on)
do 88 (coups, on)
do
RU
...
80
30
80
70
funded
6s,
Montgomery's
NashvlUe
do
New
68,
68,
old
new
Orleans prem.
do
do
do
5b..
32X
.
conaol. 6s..,
....
r:illroad, 63.. ...
wharf imp'ts, 7-30
39
33
i«
Norfolk »s
Petersburg 6s
do
Ss
95
102
100
40
RAILROADS.
93
& Chatt. lat m. 88, end
Ala.& chatt. Uec'ver's Cert's.
Ala.
9r« 9S
9711;
I
!
Denver Pac, Ist m.7s, ld.gr..g.
Denver ft Rio Grande 7s, gold 47
Des Moinea ft Ft. Dodge ist 7a,
Detroit ft Bay City 8a, end. "t '70
Dutchess ft Columbia 7a
15
.
Erie
ft
Pittsburgh
Ist 78
do
do
con. m.,
Gulf, consol
end. Savuu'h.
Btock
do guar...
Carolina Central Ist m.6s. g...
Central Georgia consol. m. "js.
do
do
do
do
Charlotte Col.
.
78..
97
80
7a, equip...
Eranavllle ft Crawf ordsv., 78. ibo
Uvansville Hen. ft Naahv. 7s... 40
Evansvllle, T. 11. ft Chic 7s. g.
,051^ 'Flint ft Pere M. 8s, Land grant. •SO
Fort W., Jackson ft Sag. 88, "89 47
Grand U.ft Ind. Ist la, Lg., gu. 92
do IBt 78, 1, g., not gu. 82
&
Atlantic
55
24
20
48
20
78
103
&
stock
A. Ist M.Ts..
do
do
stock
Cheraw & Darlington 8a
East Tenn.
lOOH East Tcnn.
60
60 65
do
IB
12
N. y. Central 68, 1883
S5
101
63
do
6a, 1887
77M 78 J4
102 V,
97
do
6a, real estate..
100 14
86
6a, subscription, ll.2>4
do
36>i
50
do & HudBon, lat m., coup 118
do
lat ex 1. g. ,8. 40
do
do
lat m., reg.
Grand River Valley Pa, lat m. t82« 87
"SM
61
Hudson R. 7b, 2d m., s.f., 188 110 IWU Houston ft Gt. North, lat 78, g.
85
Harlem, lat mort. 7b, coup.
Hous.ft Texas C. 1st 7s, gold., 83
85
do
do
7a. reg
do
consol. bds
63
69
North Mlsaourl, lat mort
102M Indlanapoli ft St. Louisjlat ',_ 60
73
Ohio ft Misa., conaol. sink. fd. 'SIS
Indlanap. ft Vincen. Ist 7s, gr.. 70
70
do
consolidated.
International cTcxaa) Istg,..
66
do
2d do
Int. H. ft G.N. cony. 8a
25
do
lat Spring, div.
Iowa Falla ft Sioux C. 1st 78. t80 '88
1« -Ik
Pacific Railroada—
Jackson Lans. ft Sag. 88,1st m t92i4 94
Central Pacific gold bonda,. 104Ji 103
Sal. Allegan, ft G. R. 88, gr.
02 Ji 9li
65
do Bau Joaquin branch 85K 85H Kalamazoo ft South H. 6b, gr, t50
do Cal. & Oregon lat
83)4 84
lOJ
lianaas City ft Cameron iOs... t92
do Stite Aid bonda..
:3
ICausas Pac.78,g.,ext. M&N,'99 to
103)ii
do Laud Grant bonds.
60
do 78, g., i'dgr.,jftj,'80 56
Western Pacific bonds. .. 160 looH
15
do 7a, g., do MftS,'86 II
Union Pacific, Ist mort. b'ds I04>; 104JS
do 6B,gold,J.ftI)., 18% 72
78)4
do
Land grants, 78. 103)t 103^
do 68, do F.& A., ,895 94
96
do
Sinking fund... 95J6 95>4
40
do 7b, Leaven, hr., '96. 28
Pacific R. of Mo., lat mort.. 101
10
do Incomes, Ko. u
8
do
2d mort
do
do
No. 16....
89>4
do
Income, 7a.
do
Stock
do
iBtCaron'tB
Dea
Iveokok
ft
Moines
ist
40
78.
55
122« Pcnn. KR—
do
funded Int. 8b 45
60
80
PlttB. Ft. W. * Chic, lat m. 117>.
Lake Sup. ft Miss, lat 7s, gold. "12
18
do
do
2d m. 1U9
Leav. Law. ft Gal. lat m., IOs.
23
2d
do
do
3d m. 102
Logans. Craw, ft S. W. 8s, gld
'93
Cleve. A Pitta., oonaol., 8.f
110
Long iBland RU., let mort. .. iw
106
tio
4Ui mort
Loulsr. ft Nashv. cons. m. 78. 100
lot
Col. Cblc ft Ind. C, 1st mort
do
2dm.. 78. g., bS
86
do
do
2d mort
Michigan Air Line 88, 1890.
if6
"30
Rome Watert'n ft Og., con. Ist
Montclair ft O. L.lst 78. ...
45
St. L. ft Iron Mountain, Istm.
do 2d m. 'ta
4
7
do
do
2d m..
Mo. K.ft Tex. lat 78, f., 1904-'06 44
45
St. L. Alton ft T. H.—
do
2d m. Income...
»
150
153
Alton ft T. H., iBt mort ..
106
N.J. Midland lat 7a, gold
24
do
2d mort., pref
do
2d 7a
8:H
3
x'sd
30X
do
2d mort. Inc'me 07
70
!f. T. Elevated i:R.,lBtm
72
75
BelleTllle ft S. lli.li. ist m. 8a 90
N. Y. ftOaw.Mld. Ist....
6
7
Tol. Peoria ft Warsaw, E. D.
89
do
2d 7s, 1393..
1
12^
do
do
W. D. b8
do rocelv'8 ctfB.(labor)
34
...
14
do
do Bur. Div.
do
do
(other;
do
do 2d mort.
la
do
do conaol. Is
+ And accrued Int4-e*t.
Tol. ft Wabaata, Ist m. extend
• Price nominal.
.
68,g
Alabama new consols, Class A
do
do
Class B
•t75
.
Connecticut Valley 78
,,
Connecticut Western lat 7s
Dan. Urb. Bl. ft P. I8t m. 78, g.
8ii
Istm. 8s. j882, s.f. llIK,
equipment bonda.
lat m. 7b
do
conBol. 7b
.
88..
ffl
Atlanta, Ga., 78
40
80
do
8s
100 ij 103
do
waterworks
593^
Augusta, Ga., 78, bonds
58hi
Charleston stock 68
109Ji
112
109
Charleston. S. C, 7s, F. L. bds.
112
109
Columbia, S. C.,63
112
109
Columbus, Ga., 7b, bonda
112
109
Lynchburg 68
Cln. Lafayette
Chic, let
70
Col. ft Hock V. 1st 78, 38 years, 100
1st 7a, 10 years. 99
do
do
2d 7a, 20 years.. 90
Ash., old bds
.
guar.
78. 1st
74
95
75
:«
!M
75
36
CITIES.
59^6
.
...
Grand Trunk
Dub. ft Minn. 88
Peoria ft Hannibal R.
ill
110,„
2am. g. 73
m, c jup. 60
Illinois
I00>i: (^lilc. ft
.
7s,
mort.
Ist
6(1
50
Soatbern Secaritle««
I
95
lOi)
-
it6
Buffalo
Buffalo
do
do
t
68,
.
50
50
Chicago ft Iowa R. 388a
Richmond 68
American Centra] 8a
Savsnnah 7s, old
jy t looii 101)^'
2i
Chicago Clinton ft Dub. 88
20
89
do
78, new
22
Chic, ft Can. South IBtm. g. 78. 16
WIlm*ton, N.C., 6b, gold > coup 70
Ch. D. ft V..l.div.,Iatm.g.78.
1« 3
do
Ss.goldJ on. 80
Chic. Danv. ft Vlncen's 78, gld 45
85
Marietta & Cln. Ist mort
90
Mich. Cent., consol. 7s, 1902... IV5H 106
75)4
109
is.
So. Pac. of Cal., Ist "A" 69, g.
Tol. Can. So. & Oct 1st 7s, g.
110
103
Chic.
Cons. coup.. let
Cona. reg., Ist..
Cons, coup., 2d..
Cons, reg., 2d
90
107
IIIX IISH
1903
81
Central Pacific, 78, gold, conv. 100
Central of Iowa Istm. 78, gold. 28
Chesapeake & 0. 2d m., gold 78
B
Keokuk ft St. Paul 8a
101
Carthage & Bur. __
100>i
Dixon IVorlaft Han. 88. r*«t 103
O. O. ft Fox li. Valley 88 ifnt 110
109^ Qulncy
S.F., 7 p.c,
109
Deb. certs
lOSii I08»i
new bonds
112
114
102
116
ma
103
long...-
is,
Canada Southern, lat
do
do reg.
.
Tol. sinking fund.
do
& Newark
do
Southern Minn.
do
90
78
do
105
103
&
&
.
Lon^
Bt. L.
do
do 78,1888
7a, cons., mort., g*d bds
Water
.
ii5\ 106
106M 107
6th
guar
2d,
Sioux CI ty& Pacific 6a.
South Side, L. 1., Ist m. liond:>.
&
A
K. Tenn. Va.
Georgia 6b
Vs. 68 end. Tenn
& Ga. Ist
do
do
Georgia KR. 7s
do
Macon
m.
78.
.
stock
stock
Greenville
ft
Col. 78, 1st mort.
do
7b. guar.
Augusta bOijds
ft
38)4
do
do
Memphis
ad endorsed.
stock
ft Charleston Ist 7a.
do
2d 78,.
do
Block.
I
Jollet& Chicago
Bt.
do
& So'eastern lat 78, gold.
LoulB Vandalla & T. H. lat.
do
Sandusky Mans.
90
Bur. C. U. ft N., 1st 5s,new,1906
Bur. ft Mo. RlT., Iandm.7s...t
do
3d S., do8a...t
do
4thS.,do8.».,.t
do
5l.h8.,do3s...1
do
6thS.,doSs...1
Cairo ft Fulton, lat 7a, gold...
California Pac. UK., 78, gold
:iiM
endorsed
2d mort., 78, 1879
8d do
78, 1883
4th do
78,1850
79, g.
F., 2d m., class a.
St. L.
RAILROADS.
Atchison & Nebraska, 3 p. c...
Atchison ft P. Peak, 6s. gold.
Boston ft N. Y. Air Line. 1st m
iii«
New Jeraey Southern
Burl. C. Rap. & Norlhern.
Central Pacific
Dnbaque & Sioux
78
.
Chicago & Alton. ..
do
pref.
Brlepref
80
I
istre^isl'd. lllStl
do
do
do
do
do
do
do
do
do
do
40
Columbia 3.65s.
I
Mt. (Ark. Br.)
I.
& San
do
do
class B
do
do
class C.
South Pacific Rallroad.lBt m
,St.
104
105
Poughkeepaie Water
Rochester C. Water bds.,
Toledo 8s. 187;-'89
Toledo 1-308.
Yonkers Water, due 19?3
ib'e
m
1st eons, ttuft"
Saratoga. 1st coup.
Cleve. P'vllle
,.
ta, consol., 2d aerlea
68, deferred bonds
do
do
&
Lake ShoreMich S. & N. Ind.,
8Ji
35J4
•a.old
District of
Oswego
«7
80
....
Central—
Dubuque & Sionx Clty,latm.
do
2d diy.
do
Cedar F. & Minn., Ist mort.
Indianap. Bl. & W., ist mort..
do
do
2d mort. ..
3'J
1866
13S9, J.
1889, A.
LandC,
do
116«|
106
2d mort
bonds, 1900.... 75
construction. 73
7a, of 1S71 ...
93)i'
1st con. guar. HOM
97
Canal, Ist m..'8^ 96
ist.
Buff. N. y.
E, lat. m., 1916..
St. Jo., 8s, conv. mort
40
July
68
6s, varioua
Indlananolis 7-308
Long Island City
tfewark City 7s long
Illinois
April* Oct
Funding act,
lAnd C,
.
Erie, 1st mort., extended
Han.
Bonth Carolina—
<a
Western, 2d m.
do
7s, conv.
do
7
1
ClasaS
6fl
j
t
t
18i5-9J
Hartford
ibo
& Hudson
1891
95«| 96;.i
do
do
do
do conp. 78, IS94
reg. 7, 1894 94
do
do
ib'ti
Albany & Susq. l8tl»onds...
2d
do
do
am
do
3d
do
1I0
7
&0
A.
do
Special tax. Class
Class
do
&
Del. Lack.
Bens.
.
do
92)i
92
2d mort.
Del.
18«
Elizabeth City, 1880-95
108K 109
92!j
&
St. L.
79>s St. L.
67)i
Union & Logansport (8
do
78, sewerage
197^ Union Paclnc, So. branch,
do
78, water
t lOTK 108
West Wisconsin 7b, gold
do
78, river improvem't t 107
Wisconsin Ceat., ist, 7s
Cleveland"^, long
+ 107X
Detroit Water Works 7a
112)4
t 110
iio-yi 112
107 I....
108)^ ....
17
»*'
I
99 J4
105
t 110
t 101
t 107
Chicago
I....
St. Petera, lat m...
do
do
do
do
do
do coup .1887..
do loan.
do do
IS!
«, do do
ee,
„. do do .1893....
Horth Carolina—
6«,old.J.*J
A.&O
do
94
Ist
MorrlsA Essex,
6*
J
56
South. Cent, of N. Y.
Albany, N. Y., 6s, long
Buffalo Water, long
6s, long datea
lOlH 102
3(1
AlC
:PeorIa&Kock I. Ts, gold
25
18
'Port Huron & L. M. 78, g. end,
1«
13
iPuUman Palace Car Uo. stock 75 > 76
do
bdB.. 8s, -ith series 90
91
Rome W'town & Og.ist m.coa. 40
fW
1
CITIES.
«1«
Bin
Ind'a iBt m. 7b, 8. F.. lOsJii
consol. m. bonds
do
<.
M.
&
St
do
,
J.
53
91
ht-
,
20
Ijist.
^Brokers" Quotations.)
90
Galena &
....
Penlnaula Ist mort., couv... 10(1
Chic. & Milwaukee, Ist mort lOJH' I07«
««,go!3,reg....l887
NewbondB,
nm
iniscellaneoas
103
101
mort. 8s,..
Chicago Extended. 107>i
Iowa Midland,
St. Jos.,
N.C.RR
70
;08wego & Kome "is, guar ....
Peoria Pekln & J. let, mort ...
— 10S«
,
Aaflora or On., due 1892. 105k
110
Funding, due 18J4-5. ..
Han.
13
91
77
I
.
68,
Bid.
108
88
76
. .
Warloan
do
Kentucky 8b
Illuonrl
flKonaiTiKs.
North. Pac. Ist m. gld. 7 3-10 ..
lOraaha & Southwefitern RH. cs
I
& Alton lat mort.... UlM 111J4
do
do
do
may
BEOtJRITIKS.
lul.ft Wabash, ex coupon.
do
stm. St.L. diT.
Income. ..
39
ex-matured coup.
do
Joliet & Chicago, lat m
«««
do
2d mort,
La. & Mo., lat m., guar
39>.
St.L.Jaok.A Chlclst m
104K
do Ex ft Nov.,'r7, coup.
equlp'l bona,^.
Chic. Bur. & Q. 8 p. c, let m.
con. convert...
do
do consol. m. 7s 109>, 110
"s
do
-- Ex. NoT.,'(8,ft prev's
Ssaink'gf'd.A.&O.
do
20
Great Weaieru, 1st m.. isss..
Chic, Rk. iBl. & Pac. 20
'95
lO&H
ex coupon ..
do
do
S. F. Inc. 6b,
26>i
d-3
2d mort., '93.
do
6s, 1917, coupon, !08M 10fl>,
do Ex A Nov..'r7,coUi)
do
6s, 1917, reglat'd lOBii
5
112-^
Qnlncy
1st m '90.
lat
m.,
new...
&
Toledo.
Central of N. J.,
5
6614
lat consol....
do ex mat. ft Nov.,'n,eou.
do
do
6
61«
Illinois ft So. Iowa, 1st mort
do
con. conv
do
Lelilgh & Wilkes B. con.guar :«>» sin
do
ex coupon. ...
105
Han. & Cent. Missouri, istm
Am. Dock & Improve, bonds 42
Wlii
lien
106
Pekln LIuc'lu ft Dcc't'r.lst m
11 5
Ch. Mil. & St. P. ist m. 83, P.D
Western Union Tel.. 1900, coup
do
2d m. 7 810, do
lOJM 105><
II.D
do
lBt7B, gd
do
do
reg
106»
blcajo
Y'Oliiv.
Prices represent the per cent value, whatever the par
Stocks are quoted on a previous page.
BBCITRITrES.
State Bonds.
..
.
.
Memphis
ft
Little
Rock
§^«
^
m
1st
Mississippi Central 1st
^s .
do
2d m. 3s .
Mont, ft Kufaula Ist 8b, g., end
Mobile
m
Ohio sterling's. ...
do
do ex cert. 68
ft
do
do
8b, Interest
10
2d mort. 88
104
Jacks. Ist m.8s 102
Certificate, 2d raortg. 88
95 100
85
Naslivllle Chat, ft St.L. 79..., 84
Nashville ft Decatur, lat 7s.... !2.'4
Norfolk ft Petersbm-g Ist m.Sa 94
do
do 7s 83
do
2d m. 8s 76
Northeastern, S. C, Ut m. 8s. 108
do
90
2d m. 8s.
Orange ft Alexandria, Ists, 68 90
do
2d8,6s..
74
N. Orleans
ft
do
do
Rlchm'd A Pctersb'g
Rich. Fre'ksb'g
3d8,8s...
4th3,88..
"
1st ra
ft Poto. 8*
43
15
101
100
do
do mort. 7b 98
Rich, ft Danv. Ist consol. 68... 70
Southwest RR., Ga ,conv.7B,'86 96
3. Carolina KR. lat m. 73
84
do
7b, 1902
do
78, non mort.
do
stock....
Savannah ft Char. 1st M. 7b...
Charleston
ft
Savan'h
63,
end
West Alabama 2d ra.us, guar.
do
Ist m. 8s
MemDhis Cttr CoupoiL)
'
Pfkl
I! -.1...'fill
...
20
100
100
»0
t)
30
7i
.
lOB
75
100
35
PAST DUE OOUrONS.
Tennessee State coupong
South Carolina consol
Virginia coupons
do
eonsoi. colli*
104
105
lue
—
:
Jandaiiy
THE
12, 1878.]
(.TlKuNlCI^,.
Payments for Interest
Adjustment of balances
JiiDcatmcttta
AND
" lovetitora' Supplement"
1)1
publiHbed on tbe last Saturday
of each month, aad furniahed to all rei;ular aubHcriberg ot the
Chhoniclb. No single copies of the Supplement are gold at the
ot&ce, as only a gutUcieat number !g printed to supply regular
•abflcrib»ra.
ANNUAI. REPORTS.
Mississippi & Tennessee Railroad.
(for the year ending S ptember 30, 1877.)
The annual report to the gtockholdera aliowi) the following
operationa of the road for the fiscal year ending September iiO,
t'33,410
(tO,(>i 3
Net evinss abo'e operatlnf; expenses
Operating expoii'^c? 4903 i>er cent of (rross earnings.
Orotj fearnings previous year were
Opcratlnj; expenses prerioas yetr were
t213,76j
Met eamingi
$241,798
f4t9.2TJ
327,473
Opersliuj; expenses 48' IS par cent of gross esrnin^s,'
The above figures show a decrease in gross enrninf^a of $35,831
anda decrease in net receipts of |39,030, while oar expenses com-
$108 801
INOOMB AND KXPKSSB AOCOUKT PBOM 1870 TO 1877.
Oporst'g ex Accnmula
Rate Surplus Deflc'cy
Year.
Becelpts. pens., rental
tlon of
Net per ct of tbe
of tbe
aud Inter'st. sluk.fund proflts. net. yoir.
year.
1870...
..$1,097,019
$887,66!)
$21,8no
$131,250
8
$54,00
1.H7I....
I. a b.mi
992,749
24.731
237,713
H
59,592
.
187«
1878
1877:
TbegroBs eamlrgs from all sources were
OpentinK expenses lea excess of mtt-jrial on hand
..$1,098 981
Net Income for tbe year
la
1371....
1375
1876
1877
,
.
1, 29.3,963
l,10;<,i89
1,420,314
1,S9S,917
1,182.913
1,116,007
1,126,301
1,300,912
1,107,675
1,317,260
1,011,168
1,028,961
27,557
44,627
8,923
11,801
12,883
11,407
SIS, 187
8
Kifilt
8
7
198,265
86,722
108,807
TBBUtJREB'g BALAKOI SHKET— SZPTEMBEB
Dr.
Conptmctlon
Kqiiipmcnt
Leased equipment of Salem
89,417
64,109
9,184
:22,515
66,713
108,807
80, 187T.
*4 ,562,986
&
Lowell and Lowell
$*,178.074
S,15),714
Decrease
$18,360
Onr floatlrgdcbt last year was
Onr floating debt thibynarii
roads
Real estate in East Cambridge
Mystic River wharf
Material account
Y(,198
$25,9«
which is still further decreased by cash on hand, $15,991, and
other aeaeta, $70,875.
At a meeting of our stockholders held on the 30th of July last,
a most satisfactory plan was adopted, by which we propose to
consolidate our entire funded debt by the issue of new bonds
having twenty- five years to run. Our first mortgage bonds
matured April 1, 187K, 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 beneficial to the holders of our obligations and the company that it
has been accepted readily by all parties, and will be no doubt
consummated in the next few months. This will reduce our
funded debt to $3,100,000, and place it in a much more satisfactory shape than at present, and will also furnish na with the
means to connect our line with the other roads terminating in
the city, and also with the river.
BALASCZ SHBKT roB
1876-7, SIPT. SO, 1877.
Db.
Construction
Coupon
interest
Interest
Interest oB Tennessee
Salaries...
Cash
Sinking fund
losurance fund
bonds
,
Expenaca
*
."...*.*..
^
Ct.
Salem & Lowell Railroad
Unpaid coupons
Coupons due October 1, 1877
Profit and loss
Mls^lB8lppl State tax
Insarauce
'.
$3,250,000
200,100
999,600
100,000
425,000
407,000
19,500
58,087
7 4*7
40,982
,
491778
$3,207
$9,708
Oa.h
16,991
18,015
£1,887
INVESTMENT NEWS.
& Chattanooga.— 0aron
Erlanger, of
Frankfort,
The
86,807
PKonx AMD
LOSS.
Profitandloss
O-ENERAI.
total funded debt of the city on the 31sl December, 1877,
$43,354,444. Add to this the loans authorized during the
year, but 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 amoant
funded was $653,000. The sinking funds and bonds pledged for
The net debt
the payment of the debt amount to $16,493,979.
of the city, therefore, at the beginning of the present year
amounted to $26,855,464. If we compare the funded debt at the
end of 1876 with the funded debt at the end of 1877, there
appears to be a decrease during the year of $1,708,707 bat if we
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
the Legislature to regulate and limit municipal indebtedness,
passed in 1875, provided that cities and towns should not become
indebted to 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 preceding valuation for the assessment of taxes. But the act also
provided that, when it took effect, any city or town indebted to
an amount not less than two per centum on its valuation might
increase its indebtedness to the extent of an additional one per
centum on its valuation. It appears that this city was indebted
more than two per centum on its valuation, May 1, 1875, and that
it was authorized to increase its Indebtedness one per centum on
that amount.
The amoant which the city may increaae ita
indebtedness under this clause is, at this date, $2,283,618.
was
ASSBTS.
Ledger balances
report says of the financial condition of the company
condition of your property, as well as the financial exhibit"
of the corporation, presents a gratifying result; and the directorB
are able to announce resumption by the payment of a small dividend ($10 per share) on the first of January, 1878.
"The great depreciation which is constantly taking place, by
wear and decay, though the items charged for repairs may seem
sufficiently large to make good, proves conclusively that railroads 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 the
time being, does not exhibit a healthy financial condition.
" With a conservative view of closing all " Kepair and Equip,
ment Accounts," and yet maintaining the property in the best
operative condition, your directors believe it will be wise to limit
the division of earnings for a short period, when it is hoped, with
a more prosperous revival of business, they can be iiicreaael to
those of former vears."
—
402,120
Bank account
The
"The
following:
0,685
869
Bills receivable
Material on hand
7,884
$6,899,224
January term of the Court.
Boston City Finances. The Mayor's message contains the
S20,l)73
1,134
8,i05
Attorney's fees
6,450
$6,399,211
.ilabama
J,4.32
Funding expenses
.
as repreeenting the purchasers of this r3ad at the last sule, has
asked for an extension of time for the payment of the balance of
the bid, $190,090.
An extensioa has been granted until the
18,497
B,958
,
:
380,181
107. ISO
l«9,85r
345,674
iS.855
71,756
184,304
Trustee of sinkine; lund for redemption of Ogdensbnrg ti Lake
Champlain Railroad and Northern Transportation Company bonds
759,6M
$143,388
981
Roadexpens.s
110542
,"
"''
Boston & Lowell and Nashua & Lowe'l Railroads.
Trustees Lowill & Lawrence and Salem & Lowell Railroad stock.
Nashua £ Lowell Railroad
$».011,196
185,832
Equipment
KvcouslrucUou aud equipment
.IKTBBXST ADO BXFENSBS.
61,984
.'.'.'
$101,1-20
Decrease
417,689
& Lawrence Rail-
pared with previous year were less by f6,801.
While our through passenger receipts have increased $1,487 Capital stock
Bondsof
over previous year, our local passenger travel has fallen off Bondsof 1851
1812
$10,984, and our freight receipts $19,963.
This great falling ofl Bondsof 1815
in local freight and passage can only b« accounted for by the Bondsof 1816
Notes payable
exceedingly small cotton crop along oar line last year.
Lowell & Lawrence Railroad
Our fnnded debt last year was
Our funded debt now is
nil
Min
!!„.".."!.'."!!!
Total expenses
STATE. CITY AND CORPORATION FINANCES.
The
39
$59,179
59,179
;
Total
Cb.
Capital stock
Funded debt
Floating debt
From
*««)
From
From
From
From
$3,504,828
;
capital.
$825,400
2,15>,714
75,i98
BEOnFTS.
p»fs;.ee
freight
$110,871
310,231
3,543
8,610
express freight
msila
privileges
:),383
433,440
discoant on Tennessee bonds,
Ac, bot
18,075
Tot»l
16,016
$3,601,838
Boston & LoTrell Railroad.
{For the pear ending September 30, 1877.)
The report for 1876-7 has the followingr
The gro'B rcrenac from operating the ro«d snd iU CODHecUoDS was
AccuRinlation of sinking and Insurance funds
ToUl reccipto
The expenjes of working, including taxes and UiSnrance, were
Payments for rents
.,
.,
$1,12(1,381
11,407
—
TAXATION.
which property has depreciated daring this
hut
financi
crisis cannot, of coarse, be accurately measured
some idea of it may be gained from the statement, that in the
The extent
..
$1,117,769
$189,761
83.303
1
to
;
:
:
:
1BE CHRONICLE.
40
m
[Vol. XXVI.
tiustee?, having been adjusted on a basis
satisfactory to the respective companies, all suits are dismissed
and every obstacle removed which has stood in the way of the
most cordial business relations between the two railway
companies'.
and personal property
past three years the valuation of real
has been reduced nearly
this city, for the purposes of taxation,
although in the
oae hundred and twelve millions of dollars,
Whether
meantime many new buildings have been erected
depends somewhat on tbe
there is to be a still futther reduction
circles.
of the improvement now visible in business
Union Trust Company,
No
Railroad
has been more unfavorably affected during
unimproved vacant
the past year than real estate, especially
the
Experience has shown that this class of property is
class of property
land
last to
cent
by the Michigan Central Railroad, and invites holders to
The interest due on tbe 10th inst. will be
the exchange.
paid by the Michigan Central 0"ly on such bonds as are offered
for exchange; the holders of others will await the issue of the
suit in the Supreme Court of the United States.
interest,
more
b» afiected by a fall in prices, and that it recovers
more
than any other as prices advance. It appears that
slowly
Assessors valuathan three-'oarths of the entire reduction in the
past two year^.
tion since 1873 falls on real estate during the
the fall
This cannot be taken, however, as a true indication of
valuations of real propprices as tlie Assessors held to their old
represent the market
erty after those valuations had ceased to
was
In the city of New York the valuation of real estate
price.
returns ei the ComBO low in the beginning of the crisis that the
in the
missioners of Taxes and Assessments show no falling ofE
email increase,
total amount on the sontrary, there has been a
made
gufficient probably to represent the value of tbe additions
But while the New
by the erection of new buildings.
York valuations have increased, the rate of taxation has
remained nearly the same, being |38 on a thousand in 1874,
and $36 50 in 1877. In this city, while the valuations have
been reduced, as I have said, nearly one hundred and twelve
millions of dollars, the rate of taxation has been reduced from
|15 60 on a thousand, in 1874, to $13 IJ in 1877. It appears
from the returns to the Tax Commissioners of this commonwealth that, with the exception of the years 1874 and 1877, the
rate of taxation in Boston during the last thirteen years
But
has fallen below the average of all the rest of the Stite.
this is more than offset, undoubtedly, by the higher valuation
eetablished by our Assessors.
CITY DEBT STATEMENT.
The following is an exhibit of the total debt of the city, December 31, 1877. compared with tlie debt of the city at the close
of the year 1S76
m
make
;
Lehigh & Williesbarre Coal.— An adjourned meeting of the
bon Uiolders of the Lehigh & Wilkesbarre Coal Company was
held this week. Mr. Samuel Willets presided, and about eighty
bondholders were present. The meeting was called to receive the
report of the committee appointed by these bondholders a few
weeks ago to devise a plan for reorganizing the company. The
scheme proposed is briefly as follows
First— The bonds held by outsiders to the amount of $1,70'',050 shall be
Dec 31. 1876.
Dec. 31, IBIT.
$13,3-4.444
$S5,05M51
Amount of debt
Decrease during the year 1877, $1,703,707,
The above amount of $43,354,444 represents the total
funded debt. December 31, 1877 to this should be added the
following loans and parts of loans authorized by the City Council
of 1877. not yet negotiated, but to be negotiated as soon as the
:
preferred. [The balance of about $6,000,000 is under the control of the Central Railroad of New JerS'^y.]
Second— The coupons of the amount to be "prererred" shall be funded for
three years into a ten-year income bond bearing 7 per cent Interest, payable
semi-amiually.
Third— A sinking fund of 10 cents per ton on the amount of coal mined
each year shall be set aside for the following pniposcs Ist. Payment of any
prior mortgage for which purchase-money has been used. 2-1. RtitiremenI of
sterling mcirtgage bonds, of which $I,68',0J0 are held in Kngland. fid. Retirement oT the income bonds specified above ; anrt, lastly, for the retirement of
the $1,700,1)00 of bonds held outside of Jersey Central.
Fourth— The earnings of the coal company to be applied, first, to the payment of interest on prior mortgage bonds and stfriine bonds second, to the
inteteet on the $4,700,000 of bonds held by the public third, to the interest
on the income bonds ; and, lastly, to the Interest on bonds held by the Central
Railroad of New Jersey,
Fifth— If the earnings in any one year are not sufficient to pay the interest
on the income bonds and oh bonds controlled by the Central Railroad of New
Jersey, the int rest shall not accumulate, and the Central Railroad of New
Jersey shall cut olT and cancel such conpous.
Finally, all public or outside bondholders who shall give their assent to this
scheme within three months shall share its benefits. In view of the above
the cutside bondholders agree to release the Central Itailroad of New Jersey
ftom its endorsement.
;
necessity of the case requires, vie.
Order, May 25, 18.7, English high and latin school-house balance.
,
August 9, 1877, improved sewerage balance
December 2i. 1S77, Stonybrook sewer
December 31, 11577, widening Commercial street
;
;
;
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.-Prom Governor Bice's message we extract the following on the State finances: J'he 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 investment 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
;
.
$310,000
3,5')1,000
133 000
500,000
S4 494 000
Funded debt
$43i:i54'444
Ijoaas authorlEed but not negotiated
Total debt
—
& Northern Indiana. The Joliet & Northern Indiana
Company proposes to issue in place of its past due 8 per
bonds a new 7 per cent mortgage, guaranteed, principal and
JoUet
permanency
4,494,000
$47,848,414
liabilities
Debt paid during the year 1877. and certificates canceled, exhibit losns
Railroad
Debt funded during the year 1877, t652,000.
$3,855,707.
Warloans
The means on hand December 31. 1877. for the payment of the Ordinary loan.
compared
with
those
of
debt
of
were
funded
$43,354,444,
1876,
as follows
.
Funds
in the
Dec. 31, 1377.
Dec.
Bloners
$15,921,376
Public land, and other bonds pledged for the payment oJ the debt
31, 1878.
$15,792,!)96
577,6(2
698,792
$16,498,979
$I6,681,';89
Decrease of means during the municipal year 1877, $183,810.
The funded debt, December 31, 1877, was
$13,-354,444
The means on hand for the payment of the B&me, Dec. 31, 1877,
were
.
Debt, less means for paj ing,
The debt
to: payii g
Dec 31, 18^7
December 31,
18,498,979
$i6,B55,i8J
of the citv,
1876, was, less the means
the same, $28,376,363 which, compared with that of
December 31, 1877, as above, shows a decrease of debt, less means
for paying the same, during theyear 1877. amounting to $1,530,897.
;
New
—
Jersey. A meeting of some of the leading
itockhdlders was held at the receiver's office lately to consider a
plan of reorganization, in many respects different from that
proposed some time ago by the bondholders' committee. The
meeting was private, but it was stated that the plan proposed
will not conflict with that prepared by the committee of Lehigh
& Wilkesharre bondholders. The scheme was adopted, and a
committee of five was appointed to confer with the Lehigh &
Wllktsbarre bondholders tnd the New Jersey Central consoliidated mortgage bondholders.
Central of
Jl^J!:^^^^^
Showing a reduction
:
hands of the Sinking Fund Commis-
$17,738,996
10,683,188
Cincinnati M'nbash & Michigan.— The trustees under the
mortgage have taken formal possession of this road, and will
operate it for the benefit of the bondholders. The road is about
114 miles long, an! has a funded debt of about 1 1,800,000.
Connecticut Valley Railroad.— A press dispatch from H rtford. Conn., January 9, fays: "A majority of the first raortgoge
bondholders of the Connecticut Valley Railroad have petitioned
the State Treasurer to take the necessary steps, at the end of the
required limit of one year, to foreclose their mortgage according
to the bonds on which interest is in dffaalt for more than six
months. The bonds amount to $1,000,000.
In cafe of foreclosure, the second mortgage of $1,300,000, which has been paid
by the Charter OsK Life Insurance Company ,_becomes worthless."
Hongton & Texas Central.— A dispatch of Januaiy 3 stated
that the indebtedness of the Texas & Houston Central Railway
Company to the V Isaouri Kansas St Texas Railway Company, the
$330,000
in 1877 of
substantial reduction in the expenditures of
the Stats furnishes gratifying evidence of increasing economy in
The ordinary exlegislative and departmental administration.
penses of the government for the year 1877, as far as ascertained
from actual payment and careful estimate, indicate a decrease of
$100,000 from 1876, aad an aggregate reduction of $300,000
The exceptional expenditures exhibit a very much
since 1875.
larger reduction during the two years referred to, while the
aggregate decrease in both classifications will be nearly
The continued and
$1,000,000.
The estimated expenses
tion.
for 1878
show a
still
further reduc-
-
Rtymenta from revenue, ordinary and exceptional
$4,54:5,000
4,1 J0,695
Ordinary revenue of the year, including revenue cash on hand
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 legislaBut in order to meet the probable deficit as thereby indition.
cated, and supply the wants of the treasury in anticipation of the
revenues of 1879, a State tax of $1,000,000 will be required. The
amount here stated will be a reduction of $500,000 from the tax
of 1877, and an aggregate reduction of $1,093,000 since the year
1875.
VALUATION.
decline which began at the close of the year 1875. and
which amounted to nearly $71,800,000 in 1876, has, contrary to
expectation, continued to increase, and for tbe year 1877 amounts
to no less than $101,083,773; making a total reduction in these
The
two years of $172,245,919.
The following
1872—Real and
18T3- Real and
Ifc74-Ke il and
1875— Real and
table exhibits the results since 1872
personal
personal
personal
personal
property, sain.
property, gain
property, gHin
property, gain
Gain
1578— -,ai at.d personal property, loss
187!— R al and ptrsonal property, loss
Present valuation above that of 1871
:
—
**'?'22i'll!
S2'?2?'?;i
S"h}'n?
.-51,541
9,
$314,054,448
$70,948,146
101,08.',;71
^^^ 535919
$172.02.3.589
Of the reduction of last year. $70,643,098 was upon real estate
and $30,439,675 ou personal and of the total decline $88,391,557
was in the cities, upwards of $60,000,000 being in Boston.
;
:
:
Januart
THE
13, 1878.]
CHllONlCLli
ntable to tbe careful and economical
TAXATION.
total rofUiotlon
JlisMuri
I'acillc.
oitj
The new
bonds made during the year jnat closed were
made compulsory by existing laws paaaed prior
1877, excepting a small amount ($3,999) pMMd In
issues of
only such as were
to
January
1,
1877, and were for the following purposes:
Public
Public
— A corapromiso has been ajrreed upon as
works— street openings and improvements
works— Croton Water Works
Docks and
to
last
4M,M0
:
City Finances.— Mayor Ely's Message contains
Below is a comparative statement of appropriations made by the Board of Eaiimato and Apportionment for the
City DapartmoalB and offices for 1877 and 1878, which will show
a considerable diminution of the total expenditures of the city
New York
$424,947
»28.«35
rlips
lirooklvfi Bridge
Third Distiict Cnnrt Ilnase
City parks imprvAx-iii
Musenm of Art and Natural Ilii-tory
Judgment and c aims fur armories and schools
Third avenue (Marri'anla) impn>vemenl*
New County Court House
the Carondrlot Branch bonds, upon whicli defoull was made
October.
The boudliolders agree to surrender their bonds and
receive fifty per cent cf their face in new bonds, on which interThe amount of these bonds is $000,006.
est is to be paid.
the followinif
management of oar
finances.
of the tax levy within the whole State in
1876 was $3,989,957; and in 1877, $301.96:}; about $300,000 of
the latter being attributable to the reduciion of the State tax
from the previous year, namely, from $1,800,000 to $1,500,000.
All the counties in tlif State show a decrease of taxe», except
Barnstable, Bristol, Hampshire, Nantucket and Plymouth.
The
41
718,«0O
68,000
5I|000
256,600
381,801
24,000
177,600
28,710
,
Miscellaneous
:
This is exclusive of reissues, and of temporary revenue bonds,
issued in anticipation of taxes. The last issue of city bonds were
5 per cent bonds, made payable in from thirty to-fifty years, and
were awarded at from par to 2'05 premium.
government
Deparlmcnts and purposes.
The Common Couacil
The MayoraltT
The Department of Finance
Allowed
for 1877.
for 1878.
$107.MXi
46,0i0
$114,900
49,000
2S5,OCO
.
ForthoSt»te
9,164,383
1,155,297
15,380
51,750
SO0,0CO
73,150
69.037
300,000
70,176
n,SJ0
83,606
US.UIX)
158.0D0
1,68S,OOD
357,000
76,000
1,190,000
204,87*
4,030,175
Departmcn- of l-uhllc Works
Department of Piihllc Parks
Department of Buildings
Department "f Public Charities and Correction
Health Uep.artment
Police Depirtmint
Fire Department
Oepi'tment of Taxes and Assessments
Boa d of K incati in
1,611, '00
316.900
70,000
l.lHO.fOO
190,000
I,a8.670
College uf the City of New York
Adrertising, printing, aiationery and blank books..
10S.9W
l,ia3,0»
30,000
75,000
96,500
967.694
30,000
70,000
69,600
948,840
.$30,934,«69
.
3,600,000
t30,O79,0-;7
8,500,000
Coroter's fees
HI>>cellaneon?
Asy.ams, reformatoiiea and charitable iastltatlons.
Total
Dednct estimated revenues of general fund.
l.S«0,870
1.187,885
148,860
Sheriff's (ee»
I3!(.nno
Amount of Anal estimates
$28,431,269
tai,6-9,07;
Of the $9,000,003 included in the above estimate for interest
oa the city debt, about $1,900,003 are for interest on bonds belonging to the city now in the sinking fund, and whicli will be added
to that fund and applie d to the p ayinant of the permanent debt
of the city.
WHlSlt -^
Notwithstanding the above 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 government.
CONDITION OF THE PUBLIC DKBT.
The amount of the public indebtednesa is always a matter of
interest.
The last report of the Controller sbows that the debt
o( the city is as follows
Gja%par(Uiv4 aiaCmunC
ctf
:
tht
OUv DM,
Dec. 31, 1876,
and
A WRONG SYSTEM OF
3,400,000
136,000
138 000
16'!.500
TheJndiclary
Election expenses
Dec. 81, 1877.
improvements could be
TA.YATION.
For many years past I think our system of taxation and expenditures has been radically wrong. In January we find it
necessary to borrow money for the current expenses of the city,
and tQ continue the practice until the month of November, when
the yearly taxes are payable. That is, we live ten months in
advance of our income. This seems to me to be a vicious system, and ought to be remedied. Of course it cannot be done
suddenly, or in a single year. It would not be practicable to levy
.3,9!l9,S95
114,606
3,553.000
150,000
issues of bonds for public
B'opped, the accumulations in the sinking fund would soon reMany of the objects for which
lieve us of the burthen of debt.
new bonds are directed to be issued are near completion, and the
C.ontroller and myself are of the opinion that the Legislature
should not authorize any additional permanent bonds unless for
some very extraordinary purpose. If no new bonds are issued
during the next eighteen or twenty years, except to renew all
those that in tbe meaniime mature, end tbus the debt be maintained in its present condition, before tbe expiration of that
period the sinking fund will reach an amount larger than tbe
entire city debt.
8,911,341)
1,M5,16T
chaster t'ouuty
Law Department
If further
4-25.005
4,16S,3f»
K.176,501
on city debt
Rcdeniptiou nt city debt
Armories and drill-rooms— wages of armorers
Armories and drill-rooms— rents
Jaagmeni.8
Ueni3 (leases in force)
State tax of 1874, due by towns annexed from WestInterest
THE SINKING FUND.
Allowed
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
so in a few years get back to the only proper system of collecting
our moneys before expending tbem. This would result in a saving in interest of|$540,000 per year on revenue bonds issued in
anticipation of tax receipts.
It has been suggested by able financiers that if power could be
lodged in proper hands to make tbe necessary transfers, the city
debt might be consolidated in a long bond at 4} per cent interest.
After paying the 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 annnm could thereby be
a
;
saved in our annual interest.
In addition to this, I think a market for at least one-fourth of
oar entire city debt in bonds of small denominations, at 4^ per
cent annual interest, might be found among the industrial
classes of tbe city, whose distrust of savings institutions would
lead tbem to seek such an investment. The taxation for the year
just passed was based upon general valuations, not greatly differing from those of the year or two preceding consequently. In
many instances, these assessments have been on valaations 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 tbe owner of tbe property and, secondly, it gives a fictitious aggregate to the value of city property,
upon which our proportion of State tax is, to some extent, baaed.
I think if the same rule of valuation should be applied to this
city as to other parts of the State, our contribution for State
purposes would be diminished one quarter, and woald reduce
our burdens to the extent of another million of dollars annually.
I submit a table of assessed valuation of real and personal
estate, the rate of tax, and the amount of taxes levied in each
year, from 1872 to 1877 inclusive, furnished by the Commis'
;
Doc.
Funded
debt, payable from taxation
31, 1876.
and the sick-
_
ing fund
$119,631,313
Deduct bonds already purchased and now held by;
Commissioners of the Sinning Fund
28,»6,447
Net permanent debt
Temporiry debt, payable wholly or
assessments
bonds,
bonds,
bonds.
bonds,
In part
81, 1877
$121,440,133
:
31,080,007
$91,335,065
$90,360,125
32,371,400
»l,i29,500
307,921
from
,
Keren le
Revenue
Revenue
Revenue
Dec.
special
1875
1876
1877
"!)60
344
540 000
Total
5,00»,'500
400,000
$119,811,310
$117,741,040
The
past year (1877) will he memorable, I hope, as the beginning of a new epoch in the financial history o( our city government. For twenty year.t previous our city debt had been steadily
increasing. From an indebtedness of about $18,000,000 on December 3!, 1857, at the expiration of ten years, namely, December
31, 1887, the amount had increased to $32,914,421 26.
This cov.
ered the period of tbe war, during two years of which, 1803 and
1864, more than $12,000,000 was a ided to the debt.
From 1867-8 may be dated the accession of tbe corrupt administration known as "the King" to full control.
This dynasty
continued in power for nearly fiv« years, until 1872. During
which period the aggregate debt of the city increased as follows:
December 31, 1868
$35,961,MJ December 31, 1S71
$s8,869 386
December 31, 18h9
47,791,8« December 31, 1SJ2
95,5'i2,:53
December 31, 1870
73,373,551
;
Taxes
sioners of
raluAssess'd yalurain- Asiess'd Tsluations of perations of
real e>tite.
sonal estate.
Year.
1878
1873
1874
1375
1876
1877.
.
t'»7.125,115
$i0ti,94!i.42»
29J,447,64«
272,481,131
..
6.i«.691,!<80
..
88l,5l7,lt;'.'5
..
t'8i,6W.545
..
,S»1, 128.11)3
217 .'i00,154
218,»2H,n8
..
89i,063,»33
206,028,160
Rate
Total
valuations.
of
Amount
Ux.
of lazes.
$32,035,430
28.230.996
$1.1114,074,537
2W
1,1-.9.1.3I»,613
2 50
1,151,029,176
1,100,943.699
1,101,(51,343
1,101,092,093
2-94
2 80
2-«5
2-80
32.316,334
32,368,800
31.105,533
i»,17li,940
For 1878 the estimate of the amount to be raised by tax is
$27,579,077 12, to which must be added, for deficiencies in product of tax, an amount not exceeding 3 per cent., as provided by
With this addition the rate will not exceed
besed on the valuations of 1877.
law.
if
3'.55
per cent.,
—
fetersbiirg Railroad. The holdeis of the first mortgage
Then followed an almost entire change of administration, and lionds of tbe Petersburg Railroad Company in Baltimore have
many sincere rflforts to economize expenditures and diminish the appointed a committee to represent their interest In the suit now
Increase of the public debt. But such efTorts were only to a
limiied degree lucCBSsful, as the following table of its increase
from 1873 to 1876, will show
:
December 81. 1873
OecemborSl, 1674
$106,363,471
December
pending
in the United States Circuit Court for the Kaatern DisIl is understood that the bondholders are in
of Virginia.
favor of an early sale of the road.
trict
$116,773,734
Portland & (H;densburg.— In the United States Circuit Court
luisiliaiO
at Burlington. Vt.,Januaiy 5. a bill of foreclosure was filed
During the year 1877 the bonded debt of the city, as noted against tbe Vermont Division of the Portland & Ogdensburg
above, was reduced to, and now is, $117,741,0.50.
This reduction Railroad in behalf of certain bondholders. Charles W. Hassler,
of more than $2,000,000 from the debt of 1876, U mainly attrlb- of New York, appeared for the latter.
114,97»,9tl«
I
|
Deccmlier
31, 18T5
31, l!(76
.
THE CHRONICLE
42
"~
Fkiday. p. M., January 11. ISIS.
Crop, as indicated by our telegram b
from the South to-night, is given below. For the week ending
this evening (Jan. 11), the total receipts have reached 142,099
laiDAY Night, Jan.
11, 1878.
week, 234,634 bales the previous
week, and 331,594 bales three weeks since, making the total receipts since the Ist of September, 1877, 3,640,769 bales, against
3,778,363 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
bales, against 165,755 bales last
reports received of an armistice between Ruaaia and Turkey had an important ioflueuce upon values of leading staples,
causing a decline in breadstuifs and provisions, but an advance in
The
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
:
Receipts this
most unfavorable to business. Many
new firms are hardly in workinK order as yet. Still, the fact
that values are so low, and the cost of conducting mercantile
operations has been so largely reduced, aflorda much encourage-
and uncertainty, which
New
Bix principal points
all
other
total
Previous week
The
1,240, i<j8
]8*6-'r:.
S,896,C00
1,317,602
3.430,493
3,Oi8,787
3.712.602
3,363,819
following
is
a comparative
from October 27
to
January
5,
Total, lbs
1873.
summary
...
1.
3,591,065
1,810,243
8,418
12,48
9,114;
6,980
10,(61
6,613
13,606
48,694
18,858
611
803
13,660
15,47;
15,763
10,-; 03
81,202
10,972
83,99:
19,408
7,C35
83, .387
4C2
13,083
21,870
\
18,145
408
567
131
1,351
7,509
17,442
6,085
9,0l3
Florida
1,639
791
208
6S0
631
461
North Carolina..
Norfolk
City Point, &o..
8,248
2,467
1,819
16,C97
15,935
week
2,516
2,88:
2.:
8,838
20,715
10,239
15,566
3,583
487
391
7631
369
633
142,099
101,131
161,515
95,2421
155,635
"136,225
6,
r.«,.l
,
2,640,769
8,778,30! 2,6iO,375J2,310,02^|2,216,166 '.8,003,586
1..
Exported to
.5,101,308
Week
Qreat
ContiFrance
nent.
Britain.
11.
New
Decrease.
Orleans*..
Mobile
Charleston
Savannah, &c..
Galvestont
13,621,616
this
Same
week
week.
isn.
Total
ending
Jan.
189,140,722
173,5S5,0()6
44.611
13,685
The exports for the week ending this evening reacb a total of
126,317 bales, of which 85,243 were to Great Britain, 20,598 t«
France, and 20,476 to rest of the Continent, while the stocks ai
Below are the
made up this evening are now 883,113 bales.
stocks and exports for the week, and also for the corresponding
week of last season:
2,197,810
llf,,00),C8i
63,267
10,300
8,681
Total since Sept.
4,131,400
...
23,838
13,237|
185
of aggregate exports
Increase.
63,133
49,549
'(
inclusive:
1876-'T7.
14,881,200
B8,75i,1£9
1877-'78.
10,249,800
60,953,699
103,381,567
Pork, lbs
Lard, lbs
Bacon, lbs
1874.
1875.
1876.
14,511
Total this
1876-'77.
1 to
March
...
[ndianola, &c...
Nov.
1877- "18.
No. 2,190,000
Orleans
Tennessee, &c.
has been as follows:
Grand
1817.
1871
Mobile
Charleston
Port Royal, &c.
Savannah. &c...
Galveston
for the future.
Betimated
week at—
is
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 $13 50, and only $12 bid. Lard declined
today to $7 70 for prime Western on the spot and for this and
next month, $7 80 for March, and $7 90 for April. Bacon at 6i@
6ic. for Western long and short clear, has been moderately acCut meats at the late decline have been in demand and
tive.
Beef and beef hams are quite nominal. Butter
close steady.
and cheete have been doing rather better, but close quiet. Tallow has been quiet at 7 9-16c@7|e. for prime. Stearine has been
active at $7 90@7 95 per 100 lbs for prime Western.
Winter hog-packing in the West, November 1 to January 2,
At
XXVI.
The Movement of the
c(SSMiifcrAirEPiTO
cotton.
[Vol,
O O T T O N.
Commercial ®imc0.
i:be
ment
.
Stock.
1878.
ir,7.
31,.361
11,035
9,000
51,898
49,857 337,217 ^92.043
3,780
5,771
1,656
11,207
11,761
63,126
65,0«
6,039
3,000
3,170
18,209
14,627
80,488
73,329
6,010
10,417
18,587
91,137
74,776
5,377
1,220
1,23Q
19,640 104,957 180.549
The market for Kentucky tobacco has bee» much mora active, New York
10,981
290
11,766
7,686 123,567 236,678
792
the sales for the week amounting to 1,000 hhds., of which 850 Norfolk.
23,510
24,509
16,745
16,745
Prices are, however, rather other portst
lor export and 150 for consumption.
3,918
57,000 38,000
10,087
1,320
11,357
Lugs, 3@5c., and leaf, 6@llc.
easier, and the close is quiet.
119,506 888,112 924,923
85,343
20,598 20,476
126,317
Seed leaf also shows an improved business many of the cigar Total this week.
manufacturers have yielded to the strikers and are at work again
Total since Sept. II 861,093 255,288 1246,43111,365,817 1,529,601
and the sales of the week are 740 cases, including 100 cases sun* ^eio Orieanfi.—OviT telegram to-night from New Orleans snows tnat (besides
dries, 4 to ISc; 300 cases, 1876 crop, New England, 10, 12, 20 to above exports) the amount of cotton on shipboard and engaged for shlpmeot at
for
that
port is asfollows: For Liverpool, 52,"450 hales for Havre, 41,250 bales
New
England,
t.,
and
140
cases,
25c 200 cases, 1875 crop,
p.
the Continent. 25,150 bales; for coastwise ports ,3,',00 bales; which, if deducted from
1876 crop, Pennsylvania, 9^, 10, 17 to 21c. The movement in the stocif would leave 214,eOJ bales, representing the quautlty at the landlue and 1b
Spanish tobacco has been moderate, and sales are 450 bales at presses unsold or awaiting orders.
t Gatoeston..— Oar Galveston telegram allows (besid^'s above exports) on ship80c.@$l 10.
board at that port, not cleared: Fflr Liverpool, ^8,160 liales; for other foreign*
Coffees have been rather quiet, but no quotable changes have 7,120 bules for coastwise ports, 6,432 bales which. If deducted from the stock,
would leave remaining 63.245 bales.
taken place Kio was quoted at 15J@lSJc. for ordinary to prime
t The exports this weelc under the bead of "other po**t3" include from Balticargoes, with a stock of 85.087 bags here in first hands on the more, 689 bales to Liverpool from Boston, 5 274 bales to Liverpool f om Philadelphia, 1,145 bales to Lherpool. and 1,229 bales to Channel; from 'WilmlDgton,
9th inst. Late sales of mild grades include 2,600 bags Maracaibo, l,70u bales to Liverpool, and 1,820 bales to the Continent.
295 bags Mexican; and 9,510 bags St. Domingo are in transit for
From the foregoing statement it will be seen that, compared
Europe. Kice in fair jobbing demand and steady. Molasses is with the corresponding week of last season, there is an increast
quiet and somewhat irregular, especially New Orleans, which is In the exports this week
of 6,811 bales, while the stocks to-night
now quoted at 35@48e., the latter for fancy. Refined sugars have are 36,810 bales less than they were at this time a year ago.
latterly been quiet, but are quoted steady
standard crufhed The following is our usual table showing the movement of cotton
quoted at OJs. Raw sugars also close rather dull, but steady
at all the ports from Sept. 1 to Jan. 4, the latest mail dates:
fair to good refining Cuba 7t@7|e.
BEOErPTB
EXPORTED aiNCB SEPT. 1 TOEtozes.
Hhds.
Bags.
Melado.
.
.
;
;
:
:
;
,
;
;
;
;
;
;
;
Stcck Jannary
1,
1878
23,745
Receipts siuce January 1, 1878
Bales since January 1, 1878
Stock January 9, 187?
etockjanuary 10,1877
4,7.39
7,2i7
4,613
3,0:16
2, 52 J
2.'),418
9,838
16,571
6,603
112,601
136,164
108,49?
140,267
4S,3e2
13
592
692
13
5,168
SmcB
PORTS.
1875.
N. Orleans.
Naval stores have been generally dull, except spirits turpen- Mobile
tine, which has sold fairly at a decline to i52@32ie., closing at the Charlest'n*
inside price
common to good strained rosin quoted at $1 70@ Savannah
$1 75. Petroleum has continued to decline, but little or nothing, Galveston*.
comparatively speaking, has been done crude, in bulk, is quoted Now York.
at 6|@6fe.
refined, in bbls., for prompt delivery, 13c.
Ingot Florida
;
..
;
:
lOd.; cotton, id.; provisions, 40@t5s.; fl -ur, by sail, 3s. 9d.; d o.
to London, by steam, 3-; cheese, 458 grain to Bristol, by sa 1,
6s. 9d. per qr.; floir, 3-(.; flour to Glasgow, by sail, 3s.; grain to
Cork for orders, 63. 3d.; do. to a direct port in the United Kingdom, 6>.8d.; do. to Oporto, in bags, Ts. 3d.; do. to Lisbon, 16s.,
gold ; refined petroleum to the Continent, 4?. 3d.; do. to Constantinople, Os., and caEOS, 30j. gold ; cases to Constantinople, 31ic.,
gold. Today, business was moderate ; charters were again
lower, but berth rates about steady. Grain to Liverpool, by sail,
8d.; cotton, by ateam, Jd.; barley to Bris-tol, by eail, 8 I.; grain to
Lisbon, 16c., gold, per bushel ; refi ed petroleum to Bremen,
8s. 9d.; do. to do. or Antwerp, 4s. IJd.; naphtha to Bordeaux,
4t,3d.
;
,
1.
18-,6.
731,144
692,700
240,814
251,693
319,366
331,3T6
Qreat
Britain
France
237,822 138,688
40,829
8,533J
Other
wise
Total.
90,110
464,030
98,635
348,162
4,596
63,938
128,741
66,584
66,126
94,006
43,978
34,627
135,383
89,167
63,721
26,799
45,439
155,959
161,833
119,300
67,778
Stock
Porte.
forei'n
4)3,161
364,698
330,865
358,667
70,903
14,607
3,651
89,061
39,693
58,258
127,174
2,330
21,310
150,334
;
copper steady, with 100,000 lbs. sold at 17|c., cash. Grass seeds
Clover, 8i@8ic. per lb., and timothy, $1 40 per bush.
firm.
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 iiregularity, and are quoted somewhat lawer. Late
engagements and charters include Grain to Liverpool, by steam,
Coast-
BBPT.
98,779
125,459
6,386
13,936
S. Carolina
102,325
90,900
19,955
1,780
15,757
37,408
43,979
Norfolk*
Other ports
301,020
386,703
76,431
1,075
1,800
79,306
805,460
53,897
63,898
64,817
8,650
73,4S7
78,860 834,690 225,960 1239,300
Tot. this yr. 2,498,670
!2,677,231 I"10,196'286,817;i73,068!l410,095
Tot. last vr.
CAarlesJffn Is Included Port Koyal, ic; under the head of
City
ffalreston is Included lndlanoia,&c.: under the head of Ncr/alk Is Included
•Under the head of
Point &c.
These mail returns do not correspond precisely with the total of
the telegraphic figures, because in preparing them it is always
secessarv 'o ncorporate everv correction made at the ports.
Quotations for cotton on the spot were reduced l-16c. on Monwas quite
day, to lljc. for middling uplands, but the movement
limited, and chiefly for home consumption. Deliveries on contracts have been libera], and sales for prompt delivery this
month—" short notices," as they are termed— were at figures maNaturally, therefore, the
terially bL'low nominal quotations.
Yessales of cotton from store or wharf have not been large.
i
terday there
was a more
active market for spots, with sales of
:
Jaruabt
THE CHkONICLE
13, 1878.J
over 2,000 bales for export, acd prices were advanced ^c. midupIandH ll|c., but the low p;rades closed weak, and the
market to-day waa quiet and easier. This aftorDoon quotations
wore revised, low prades being r«ducfd Jc. and the high grades
being advauced l-lCo. For future delivery the week opened on
Saturday last with a sharp decline in values. Advices from Liverpool had been very disappointing to parties who had been buying throughout the week in anticipation of more active markets
•broid, and the bears, taking advantage of the dull accounts
and the consequent pause in the demand, sold the market down
very sharply. An effort on Monday to repeat the experiment
proved but slightly successful, and during Tuesday and Wed
nesday prices showed an upwaid tendency, owing to advices by
cable indicating the adoption of measures looking to a restoration of an early peace between Russia and Turkey, or at least
that new complications growing out of their affairs would bo
avoided.
Yesterday there was a further advance on rumors of
an armistice, but to-day the advance waa not fully supported.
The rumors of an armistice not being confirmed, there was some
;
dlinsr
Oaiea.
BOO
700
bilii.
Jan.
Jan.
5,
Jan.
7.
Jat.
5.
7. J.iQ. 5.
Ordinary
? a.
9 9-H
9 9-16
9H
9!f
Strict Ordinary
to1-l« 10
10 1-16 10
;0 3-16
tK>od Ordinary
10 S-lt
111 5-lS
lOy
10 7-16
10!<
Strict Good Ord'ry. lox
10 9-16 :0H
10 9-16
toy
Low Middling
n
10 15-lt 1
10 15-18 llK
Strict Low UlddrK
11 1-H
11 1-16
IX
Middling
iil-u 11«
5-16 1IV<
ill- 16
Good Mlddllnit
U 9-H
1 9-5
11 11-16
Strict Good MlddlV 11 13-16 115
1 l3-:6 i!^
It 15-16
Middling Fair
12 5-16
i\
Vi 5-16
1
Fair
r; 13-1
i2;<
Rew
Cotton.
Ordinary
V
Strict Ordinary
Good Ordinary
lb.
Taes Wed. Toes
ired.
Jan.
Jan. 9 Jan.
« 9- 16
10
a 9-16
10
10
Wi
lOV
Low Mlddrg U
.
9 »-16
Jan. 5
7.
10 S-t6
10 7-16
ID 11-16
lUV
U
Ian.
9V
9 11-16
lOX
lOK
(00
.1151
500 ....
,11'56
,11-57
.11-54
S<10
ll-.ll
700
*I0
.11*1
.1161
-•00
.11-43
6l«
1161
11 7-16
11 ll-:«
II 15-16
Mi
n\
IJ 7-16 12H
12 1V16 IJ
8 0...
900..
I,7i«
.l;-6(
.11-7'
1,91111
.11-72
1,00
100
400
.-.1-73
9 9-16
« 11-16
lOX
lOH
9 11-16
9 11 16
lox
1-16
11
Good Mldd Ing
Strict Good Mfildrg liV
11
UK
IIX
IIX
:i\
li 5-16
12 »-;6
US
Middling Kalr...... ;j5-'6
1-15
IIX
1-16
11
S-16
11
S-16
11
IIX
IlK
\\%
1
12 5-16
Vi 7-16
12 7-16
tlH
mr
X
11
lOX
3-16
11
3-16
llH
jlX
I'H
12 1-16
12 13-18 1! 1»-16 li 13-lS' 12 13-16 12 15-16 12 15-lS li 15-16 12
New
Th.
Cotton.
Ordinary
V
Strict Ordinary
Good Ordinary
tt.
9 11-16
lOX
1?''
lOX
10«
loS
Good
Strict
U
Low Mlddrg n
Ord'ry.
Low Middling
Middling
Good Middling
10 11-16
IIH
llH
lOX
lOH
Frl.
Jan. 10
.Jan. 11
9 13-16
10j<
10 s
10 lS-16
10
lOX
!0X
9K
ll'X
lOX
lOV
10 13-16 10 V
3-16 11 1-16
11 5-16
1 5-16
IIH
ItX
IIX
IIX
12 ;-i6
Fair
12 li-16 vs
12X
11**
121-16
12
12 9-16
Via
12 15-16
13 1-16
13t<
U
Its
IIX
IIX
\^
9X
MH
1-16
5-16
12
12 9-16
13 1-16
12X
l'.!X
t.3X
8TAINBD.
Sat. IHon.
Jan.
Oood Ordinary
Strict Good Ordinary..
Low
Middling
Jan.
5.
9 7-16
.
Middling....'...,
7.
Tnes Wed. Tb.
Jan.
5.
Jan.
9X
10 1-16
9.
9X
10
iS"
10
Via
lOX
IO>a-
lOk,
10
U-IS
tox
lOX
lOX
MABKET AND
Cloaed.
Export.
Qal it.nnch'gqao
h irm.unch'rf quo.
Steady
Easy
Total
105
1,1»(
1,063
3,1 <8
WH
;ox
lOY
3:t
383
los;
DellT-
461
46.600
|44.6aj
ao.ujo
48.0»J
56.200
52,100
6,011
277.900
669
464
a.iao
60)
500
1,2(W
I.IW
TW
(00
4,600
For forward delivery, the sales fincluding
free on board)
have reached during the w-jok 377,933 bales C»ll middling or on
the basis of middling), and the following is a statement of the
ales and prices
For Jaanary.
bales.
cu.
4008. n.Slh. .11-12
l(IO«.n.ath..i:-14
lOOs.n. 7lb..U-.5
100
1115
aOOs.n. 9tli..U-lii
'll«
'&
101 no
day
notice toiSth)... 11-17
I.M)...
UU
ICO n.n.t. 11911111 13
1.403
11-18
200
»tli
no notice
till
bales.
3<jO
n
For Fabrnary.
UU.
cts.
o-
not!ce
t
halei.
40O
•iHy (6tt!)....il-23
1300
30J,
11-23
no ne:ice
to-
day
70(1...
.
liOB.n.
11-29
S.iOO..
11-31
11-32
11-S3
11-34
3.<i00..
U-33
5 COO
11-J6
11-27
11
.11-28
11-29
8.500
.
.
.
.
3VJ«.,
3,500..
1119
10:)i.n. 12Hi.l;-29
1,<'00.
aw, no not ci ti
day ( tn).ui9
»]B.n. rah.M-19
lOOi.u. lllh.'.|-29
400
U-Jiy
IWJs.n. llin.usi
300
U-31
3.9M..
1119
tWi.n.Ttn ..Witt
lOOi.n. eth .11' 20
lOOs.n liita.lfjO
«00
iMOa
11-20
I00s.n.-I)i..!l-<1
ixr
11-21
210, n't not'ce to.
day (7tli)....li-23
SOS.
11-22
9J0
leos.D
l»lBn.
1.4t«
tllOl
ISO
lOO
2.6UI
4.3.0
.
.
..
.
S.JlV..
1.500.,
..
..
l;-81
11-37
11-34
11-39
11-4S
11-41
.11-13
11-41
U4l
tl-i5
11-46
11-47
ll-4<
3.300....
l.OJO
4, .in
1.900.
>,6J0.
1,901.
U-19
iMO
5,500.,
11-53
s.imi
•2.0CO.,
11-31
7000.
ll-iJi
S20U
I
B5,'.00
total Feb.
,
2,1'I0
.
I1-<S
...1,-19
.
...1-51
U-SO
u-;5
....11-5)
11-31
11-5S
U-j9
u-ui
2.700
...
..,
a-noo....
3S.4C0 total Jan.
H-4i
.1147
... .11-31
....
4.100...
9.100
6,830
1
...
11-5!
1.-5)
-2.r0»
4.»«
11-42
11-43
11-41
11-15
.,
....
....
....
3.51)0 ...,
U-JI I
U-SOI
1,300,
U-il
'•Ml
l.fO
55U0
I1-3J
11-36
11-37
ct"
i:-3)
11-40
,
l.SOO..
1.600..
3.(«
1.6)0
6701)
8,; 03..
3.200
1.M0..
aooi.n. IOita.lr22
2(»i.n.7tll .11-23
For March,
ba'es.
I 200
>
S'Ot.n. Illh. 11-33
2.3!)0
1,8110
I
U-i2
i.-sj
Utii.ll 31
li-.IO
,
1..00
6.000
(9-,n)..,.ii-2-.
aoot.n
600.
MM..
d»T(9tli).. ..11-21
300
U-24
IW. no notice tolUO
1.S00
1,000..
U-27
U-2(
.
11-9
2'TO....
U-SI
11-3
U-91
11 !I6
20J....
800....
.11-97
100...
100....
.ii-m
to..
11-81
210
.II 99
100,...
2,3
ll-J:
U-90
la'...
.12-.1i
no
.i;-9i
.12-C 1
.12-01
100....
,.11-n
,.ll-N
,13-03
>.l3-0t
,13 cn
. 12-14
.13-1*
1.6J) total
Ang,
|
-01
pd to ezcb.
1'.0
^
Jta. s.n. toth, f or rec.
|
show the closing
will
named
I t
Maf
11-56
11-68
11-81
Juno
l'.-?8
Joiy
12-00
S:cbansa
11-41
tl-?6
11-69
ll-St
11 '-15
l'.-96
11-9)
11-iO
12-01
11-23
11-25
11-51
11-64
..
4-oU
Steidy.
lOJX
4'8U
, I
I
ll-6i
11-59
U-74
r.-«
1171
11-77
11-8
U-91
11-92
U-9)
11 9i
li-Jl
12-04
l!-.l)
IMI
12-04
U-JO
11-J3
11-W
Stesly.
Easy.
Firm.
M2X
10;^
4-;9X
4
steady.
Firm.
U2X
lOJX
4-7JX
4.80
I
11-53
11-72
ll-Sl
Barely Quiet and
102
..
11-43
11-57
11-70
11-82
ll-SS
4
7»V
11-85
12-11)
U-IH
1»H
The Visible Sdfplt of Cotton,
as made up bv cable and
telegraph, is as follows. The continental stocks are' the figure*
of last Saturday, but the totals for Great Britain and the afloat
for the Continent are this week's returns, and conseqaentlj
brought down to Thurwday evening; hence, to make the totals the
complete figures for to night (Jan. 11) we add the item of exports
from the United States, including in it the exports of Friday
""ly1878.
1877.
t8:«.
1875.
StocK at Liverpool
Stock at London
385,000
80',00O
631,000
779,000
15,000
47,250
68,750
12-2,85o
Total Qreat Britain stock
Stock at Havre
Stock at Marseilles
Stock at Barcelona
Stock at Hambori!
Stock at Bremen
Stock at Amsterdam
Stock at Rotterdam
Stock at Antirerp
Stock at other continental ports.
40),000
635.250
698,750
901,259
149,000
160,?50
219,000
114,000
4,000
3,000
8,759
9,350
40,090
45,000
64,000
47,250
7,000
12.500
16,500
11,509
35,000
40,030
81,500
40,500
21,500
39,-250
33,750
53,50*
10,000
10,500
10,759
16,25C
3.000
7,350
13,000
5.009
6,0.''0
9,750
7,750
16,009
366,500
337,500
895,0CC
312,230
Total European stocks
India cotton afluat for Europe....
6 >S,S00
93-2,750
1,093,750
1,213,500
47,000
73.000
133,000
138,000
American cotton aSoat for Europe
6-23,000
.•510,000
623,900
429,000
Egypt, Brazil, &c.,afloat for E'rope 33,000
Stock In United States ports
6£8,11-}
Stock In U. S. Interior ports
145.490
United States exports to-day
31,00J
65,000
60,030
53.000
92l,9;!2
831,SU
850,533
13l,^78
126,99>
145,621
IS.COO
12,000
14,000
3,7a3,2iS
2.879,&7S
3,833,<S*
9X
a.,„
•ijrto
1191
100
803....
2'0
...tt'M
...U-lt
10
SALES.
274
33)
669
9S6
60
l.StO....
8 0....
...fi-OI
U toUl Jalf.
For angoat.
200
11-78
11'79
11-8'
ll-»8
11 9J
...U-M
10-'...
11-4
for no
re«c.
Total continental ports
~9j<
Con- Spec- Tran•ump. ulat'n alt.
DnII
Quiet, steady.low.
1. -1-4
Jan.lO. Jan.u.
SALKSOr SPOT AND TRANSIT.
Spot Market
II-SJ
11-il
11-9!
...13-01
...12'OJ
S«l...
100 ..
800...
Frt.
lOS'
10
KO...
Jan. 19 Jan.u.
lOX
IIH
13
15-11
Frl.
WH
11
11
Middling Fair......
Tb.
9 13-16
1"X
10 11-16
15-16 11 1-16 10 IS 16 11 S-16
11 3-16 It S-16 11 3-16 11 5-16
UX
Good MfUdrg IIX
11.
9X
9 11-16
0
1-16
s-16
Th.
Frl.
Jan. 10. Jan.Il. Jan. 10, Jan.
Strict
Strict
Tb,
Frl.
•Ml...
11-83
JcrDDLIKO trPLASDJ— AHaKIOAir OLASSirtOATTOK.
Frl.
Bat.
Mon.
Tnes
Wed.
Thnrs.
Frl.
Mariet-- Stronger. Lower.
Dull.
HIgber. Higher. Variable. Ir.-egul r.
...
January
"M
.u9
11-13
u-29
11 "20
11-^3
11-28
I1-S3
11-14
11-42
February
11-31
11 3!
11-31
11-44
11-47
I1-4S
Easy.
••OH
"X
IIX
nx
U 7-16
and
Bold..
9.
11-81
ll-«
prices bid for future dethe tone of the market, at three o'clock P. M. on the
ll :-I6
U
1-16
The following
U'SJ
9 11-16
lOX
lOX
lOH
pi to cxch. »X) Jan.
notice to-day.
12-17
Jan.
8.
ll«
l.'TOO
..ll-M
...It'N
..lf»7
.
4'J9
too
...l-M
The following exchanges have been made daring the wjek.
-01
Cloaed—
'.S-l
.
..
4;0
100
200 ...
10)
400
.11-71
.11-75
.11-76
.11-77
3.-.00
101.
30) ....
\,au
JOJ
so...
U-SO
....
.l;-ii
2,900
11-78
>lfl
.11-6-,
1,210
For JuB*.
11-71
.1-61
<!00
too...
too..
too...
fOO
11-72
I1-71
.ii-n
...irts
100
VV
U'lO
701
Jobs.
For JnlT.
8,200 total
11-66
11-67
.. ...lt'61
tl'6«
...
1.100
August
hi
Jan.
9.
iJD
81)
.1201
ll-M
««'
410
VOO.
Tranaf. orders.
Tue* Wed. Taes Wed.
Jan.
in
IIH
IIX
ilX
11
ItH
600
4')!....
eta.
500..
10.«0 total May.
AprU.
For May.
600
2J0
Aoril
11-16
l-;6
3-16
34,90) total
9
.11-
1.3W
OK
iOX
too,,..
1,0)0
1,210
700
Marcb
U
1-16
S-16
11
7.
M»....
11-33
.l;-52
.11-53
9 11-16
10 9-16 10 n-16 10 9-16 10 9-18
10 il-ic 10 11-16 10 11-16 10 11-16
10 15-16 IJ lo-;6 IC 15-16
15-16 11 1-16
1-16 11 1-16 11 1-1«
"X
Fair
8.
lOK
Good
Ord'ry.
Jan.
9.
10 )<
Strict
Low Middling....
Jan.
3.
10
Strict
Middling
;: 13-16
Jan.
ll-w
11-81
tno
rOO
1,100
livery,
Cotton.
SO
JOO
bales.
eta.
...Ii-Jl
...I1-J3
...I -i3
.11'>1
.
201)...,
l.im.,..
.
several dates
I
SOI
TOO
1
ForAprl
we«k:
UPLANDS.
ALA KAMA. N. OBLEA?rs.| TKXAS.
Sat. raon. Sat. inoa. Sat. mCon. Sat. .Uon.
ttaiM.
o'a.
ll-7n
11 79
.'IIO
US.WOtoUl March.
how
—
43
.11-66
.11'6;
Belling lo realiza.
The total sales for forward delivery for the week are 277,900
bales, including
freeon board. For immediate deliverv the total
Bales foot up this week 6.0U bales, including 2,130 for export,
3,811 for conaumption, 53 for speculation, and
in transit.
Of the above, 550 bales were to arrive. The following tables
the otfloial quotations and sales for each day of ihe past
New
.
:
.
,
11-61
ll-6i
11-61
!..'!;r.-M
Total visible sapply.. ..baies.2,4<.9,102
Of the above, the
totals of
American and other descriptions are as foUowc:
Amtriean—
Ureroool stock
318,000
385,000
Continental stocks
205.000
121,000
185,000
115,000
American afloat to Europe
United SUtcs stock
United States Interior stocks
United States expottsto-day
623.0)0
510.000
622,000
4*9,000
S8S,1I2
145,490
21,000
924,03-2
831,831
13o,995
850,532
145,621
14,000
Total American
bales.2,100,603
Xatt Indian, Bratil, <te.—
Liverpool stock
.
167,000
London stock
.
16,0
Oontinental stocks
f.v<a
India afloat for Europe
.
47,000
28,000
Egypt, Brazil, Ac, .afloat .. .
.
Ac
13t.5;6
18,000
301,000
U.OOJ
2,176,498
2,078,328
1,0M,154
24i,000
47,250
ll«,900
73,000
05,000
335,000
82,750
£95,000
210,0'^^0
tiO.OOO
197,J6«
133.000
58,001
1, ,9)8,164
183.00)
318,500
681,750
..2,100.60-.'
2,17a498
800,759
2,078,838
.bales. 2,419.101
Total visible supply..
ppty.....bales.
Price Mid. Uplands. Liverpool...
6;id.
2,Tft),243
2.879,578
Total Bast India,
Total American
.
3S 1,000
7a.
6Xd.
122,-250
900.300
2.838,654
7X(37K<1-
These figures indicate a decrease in the cotton In eight to-nigh,*
of 289,1^6 bales as compared with the same date of 1877, a
deorecue of 400,474 bales as compared with the corresfonding
date of 1876, and a deereate of 410,353 bales aa compared
with 1875.
At THE Interior Ports
the
movement—ihat U
and shipments for the week, and
oorresponding week of
Itatement:
1877— ia
8to<sk
set Qi^t
Iti
the reaeipts
ta-night, a«d for tbe
d,etaU in the followlnj|
..
:
—
.
.
THE CHROmCLE.
44
Week
ending Jan.
Week ending Jan.
11, 1878.
12, 1877-
Receipts. Shipments. Stock. Receipts. Shipments. Stock
Qi
CktmmbDB, Os
MteoQ, Qa
636
3,600
3,380
2,860
2,550
1,325
12,627
1,794
12,030
10,6«S
10,629
9,881
6,914
80,288
5,286
13,708
28,016
131,676
496
81H
644
712
399
1,710
185
1,292
3,406
13
23,640
16,898
10,529
18.369
10,829
60,779
4,548
2,906
2,202
1,734
1,101
771
Nashville, Tenn...
1,333
8,465
2,283
7.033
1,354
4,46
1,4S6
1,880
2,829
2,265
18,844
1,643
Total, old porta
«),969
23,357
145,490
3,167
2,800
9,433
6,463
4,S46
6,521
2,019
11,444
4,463
1,790
34,126
4,331
4,1415
Aoeaiita,
->
8,41)6
Montgomery, Ala
.
Beliaa, Ala.
Hemphie, 1'enn
4,.'i55
(TOL. XXVI.
thermometer has averaged
Snow
est 18.
fell
being 46 and the low-
30, the highest
here this week.
—
Cdurnbus, Georgia. It,has'rained severely one day of the week,
with a rainfall of one inch and fifty hundredths. The thermometer has averaged 40.
Savannah, Georgia We have had rain on three days of the
week, and the balance ha.s been cloudy. The thermometer has
averaged 44, the extremes being 26 and 63. The rainfall during
the week has reached one inch and six hundredths.
Augusta, Georgia. The weather here has been cold, cloudy
and wet, with heavy rain on three days but as the week closes,
there baa been a favorable change in the weather. Planters are
sending their crop to market freely, and about three quarters of
the crop in this section has been marketed. Average thermomWe have had a rainfall of
eter 30; highest 56 and lowest 24.
two inches and twelve hundredths.
Carolina.
We
have
had rain on three days
Charleston, South
of this week, the rainfall reaching three inches and fifty- five
hundredths. The thermometer has averaged 43, the highest being 63 and the lowest 30.
The following statement we have also received by telegraph,
showini; the height of the rivers at the points named at 3 o'clock
Jan. 10.
We give last year's figures (Jan. 11, 1377) for com-
—
—
;
203
450
DaUss, Texaa...
Jefferson, Tei.(«»<).
Shreveport, La.. ..
2,443
8,141
1.09)
175
Vlck8burg,Ml8B
Colombas, Hiia...
Bntaala, Ala
Qa
Atlanta, Qa
Rome, Ga
6,836
1,223
1,0«8
8,785
4,783
eod
. .
Ho
O
6,966
8,472
Cincinnati,
n«w
776
274
1,786
Charlotte, N.C.
Total,
7,711
8,359
194
Qrlffln,
Bt. liOoia,
S50
1,928
porta
Total, aU....
800
224
822
370
2,280
6,108
4,088
1,867
510
825
8,638
4,015
23,014
608
850
26,619
86,177
90,803
19,424
47,588
64,534
2:16, 293
33,132
8.4('5
8,371
5,186
6,873
3,900
1,097
4,70?
1,169
725
36,701
10,898
88,431
283,007
—
parison:
show that the old interior stocks have
Heereated during the week 7,388 bales, and are to-night 10,914
Orleans.. Below high-water mark
The receipts at the New
bales more than at the same period last year.
Memphis
Above low-water mark
The above
Mme
totals
towns have been 7,361 bales Tnore than the same week
last
year.
—
Wkathbr Rbports bt Telegraph. The weather the past
week has been very cold, with ice and snow at many points.
Considerable rain has fallen at some points, and the roada in
portions of the Southwest are said to be impassable.
It has rained continuously four days this
Galveeton, Texas.
week but as the week closes there has been a favorable change
The roads are bad. Average thermometer, 45;
in the weather.
highest 56 and lowest 34. The rainfall has been two inches and
eight hundredths.
Indianola, Texat. There has been rain here on four days,
stopping all work. Surface flooded everywhere. Average thermometer 43; highest 53 and lowest 33.
have had a rainfall
during the week of two inches.
have had showers on two days and killOorsieana, Texas.
—
,
—
We
— We
ing frosts, with ice in this vicinity two nij^bts. The weather has
been very cold, the thermometer ranging from 17 to 59, and averaging 38. The rainfall has been fifty hundredths of an inch.
There have been showers here on two days
Dailas, Texas.
this week.
Tlio weather has been very cold.
Three hundred
thousand immigrants have reached Texas the past year. Average
thermometer during the week 39, highest 60 and lowest 17.
Rainfall, forty-six hundredths.
Brenham, Texas. It has rained on three days of the week, not
hard, but almost continuously, and roads are nearly impracticaWork is suBpended. Average thermometer 40, highest 60
ble.
and lowest 30. The rainfall is one inch.
Wew Orltans, Louisiana. We have had rain on two days, the
rainfall reaching sixty hundredths of an inch. The thermometer
has averaged 41.
tihreveport, Louisiana.
The wea'her during the week ha.^
been favorable. The thermometer has averaged 43, the extremes being 35 and 59, and Ihe rainfall has been four hundredths of an inch.
Vicksburg, Missisnippi. The thermometer has ranged from 24
to 57 during the week, averaging 40. It has rained on one day,
the rainfall reaching «ne hundredili of an inch.
Oolumbus, Mississippi. We have had a rainfall here daring
the week of three hundredtlis of an inch.
LitUe Rock, Arkansas. The weatlier during tlie week has
been disagreeably cold until.Tuesday, when it moderated, and it
has been thawing since. It is now clear and pleasant. Cotton
jeceipts are very small and the roads are almost impa9s.^bie.
Average thermometer 38, highest 79 and lowest 3.
HashvUle, Tennessee. Telegram not received.
Memphis, 2'ennessee. Tliere has been rain heru on one day, the
rainfall reaching ten hundredths of an inch.
The thermometer
has ranged from 14 to 48, averaging 30.
Mobile, Alabama.
It has been showery two days t'je earlier
part of the week, and two days have been cloudy, but the Utter
portion has been clear and pleasant.
Tlie tlierraometer has
averaged 40, the highest being 53 and the lowest 28. There has
been a rainfall of fourteen hundredths of an inch.
Montgomery, Alabama. During the earlier part of the week
we had rain on two davsi, but the latter portion has been clear
and pleasant. Contracts for the coming year are now bring
made with the freedmen at about last year's rates. The thermometer has averaged 37 during the week, the highest being 58
and the lowest 25. The rainlall hag been one and fony-one hundredths inches.
Belma, Alabama. The weather has been very cold, with rain
on one dny and killing frosts on five nights. Ice formed in this
vicinity two nights.
There has been a favorable change in the
weather as tlie netk clo.ses.
Madison, Morida. Kain has fallen on two days this week, the
rainfall reaching one inch and forty hundredtlis.
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 CO and the
lowest 20.
Atlanta, Georgia. It has rained steadily two days this week,
the rainfall reaching two inches and fifty-three hundredths. The
—
>Jan.
Feet.
6
19
8
85
Nashville
Above low-water
Shreveport. ...Above low-water
,-Jan. 11
Feet,
10. '78.-,
Inch.
8
4
9
T!
Inch,
.
4
15
3
3
»
3
mark
il
mark
5
VlcksbnrK
!>3
6
Above low-water mark
S
10
New Orleans reported below high-water mark of 18V1 until
Sept. 9, 1874, when the zero of gauge was changed to high-water
mark of April 15 and 16, 1874, which is 6-10th8 of a foot above
1871. or 16 f«et above low-water mark at that point.
A
COMPARATIVB PORT RECEIPTS AND DAILY CROP MOVEMENT.
comparison of the port movement by weeks is not accurate
weeks in different years do not end on the same day of the
month.
We have consequently added to our other standing
tables a daily and monthly statement, that the reader may constantly have before him the data for seeing the exact relative
movement for the years named. First, we give the receipts at
each port each day of tlie week ending to-night.
as the
POBT RKCBIPTS FBOM SATUBDAT, JAN.
New
Days of
Saturday
TO FRIDAY, JAN.
bile.
Char- Savanleston nah.
11, '78.
ves-
Nor-
Wilming-
All
ton.
folk.
ton.
others
Gal-
Mo-
Orleans
week.
'78,
5,
Total.
8,580
1,686
1,386
2,764
1,280
2,65i
70
1,681
20,065-
Monday
18,849
3,089
1,760
2,997
3,676
5,277
313
1,887
31,768
Tuesday
9,631
2,566
1,802
2,669
874
4,067
353
8,252
94,3I«
Wednesday..
4,727
3,878
1,204
1,662
1,842
3.378
253
2,458
17,401
Thnreday....
8,<31
1,160
1,658
1,646
92!
8,747
321
1,453
19,321
Friday
5,132
1,919
1,319
8,022
2,479
8,683
S69
13,609
2S,23J
49,549
13,i87
9,114
18,660
10,972
20,705
1,622
23,240
142,099
Total
The movement each month
September
1
Tear beginning Septtmber
1.
since
has b«en a*
follows
UontKly
RecHptt.
1877.
1876.
1873.
1872.
93,491
•i3',863
115,255
184,744
578,538
6.6,260
355,323
444,00S
8;2,49.i
931,392
676,103
680,169
900,119
787,769
811,669
524.975
Tots', Dec. 31.. 2,3 9,686 8,6)1,289
Percoutage ' 1 total port
receipts Dec. 31
()4'42
1,858,349
1,683,875
4886
4611
September
October
—
November
Decembe
.
.
the
Thi.-i statement shows that up to January 1 the receipts at
ports this year were 202,653 bales less than in 1876 and 58,9aJ
bales more than at the same time in 1875. By adding to the
above totals to January 1 the daily receipts since that time,
we shall be able to reach an exact comparison of the movement
for the different vears.
18^3-74
--•-
187S-73.
2,3^9,6-36
2,601,289
2,340,886
2,106,6-5
1.853,349
l,6f 8,675
15,2iS
1877^76.
1876-77.
^__
ToUl
to Dec. 31
^___
1875-76.
—-
1874-75.
.
Receipts Jan.
1
18,361
18,523
16,371
36,517
80,878
Receipts Jan.
Receipts Jan.
Receipts Jan.
Receipts Jan.
Receipts Jan.
Receipts Jan.
Receipts Jan.
Receipts Jan.
Receipts Jan.
liecoirts Jan.
!
30,235
16,34^
S.
14,889
31,840
15,689
3
18,957
15,384
82,198
S.
25,033
21,6-31
4
31.4)1
1},671
26,942
24,391
s.
18,760
6
90,055
12.891
23,840
10,041
40,990
13,218
16,790
9,764
19,702
84,787
7,668
19,911
83,116
21,84:
18,845
11,478
22.961
18,640
22,417
;e,os6
15,804
26,1: rr
6
S.
7
31,768
8
24,319
27.877
S.
S.
9
17,404
14,735
1(1
19,321
14,174
86,925
11
29.232
15,700
82,478
20,164
2,571,853
2.i:4«,996
Total Jan. 11. 9,610,769
Perct. of total port receipts
2,762,713
68-42
61 38
S.
64-25
8.
2,065,308
5»S9
8.
!!1,188
14,495
1,878,696
51-46
)
Januabt
.
GHRONieiA
THLE
13, 187d.J
^
.
15
The above table shows that the highttt point of the market
This statement shows that the receipts to night are 18,536
more than the^ were on the same day of the month In during the year was on the lltbJanuary, wh«n Middling Boweds
were quoted 7d. per lb. and Fair Dbollerah 5Jd. per lb,, and the
1377, and 3,346 bales less than they were on the same day of
lovett point the 17th May, when they were quoted at ,1 13-16d.
We add to the last table the percentages of and 4Jd. respectively. The average
the montli in 1876.
value of Middling Bowedi
total port receipts which had been received January 11 la each has been 6 516d. and Fair DhoUerah 5 3 16d. per lb.
of the years named.
STOCK IN UriBPOOL AT CI.OS1 OF PAST TDSIE TIAU.
bales
Orkat Britain Cotton Movement fou
1877.
— Below
we
give the imports, exports and stocks of cotton for Great Britain,
as publislied by tlie Liverpool Cotton Brokers' Association in
their annual circular. The figures for previous years will he
found in the Chuoniclk, January 30. 1877, page 67:
IMPORTS INTO ORKAT BRITAIN.
-i8';7.-
American
Braill
Keyptian
Turkey, *c
Wsat
India,
Ae
.
&c.
8,060
Total, weight.
436
2,00«,74)
165
316,090
143,430
Braail
Eeyptinn
Turkey, Ac
Wcft
Inilla,
Ac
East India
Total....
l,9SI,oaO
350,550
276,640
1,090
43,280
306,630
2,969,200
8t,S60
1,140
16,010
:3,320
9,950
S1,«S0
80.510
171,070
887,650
534,010
616,770
1,306,213,790
3,533,480
1,926,870
865,765,200
57,840,750
166,647,600
414,200
7,364.400
30,180
131,688, SCO
1,610
61,450
495,220
38,340
2,997,540
410
1,229,720,950
3,095,070
109,560
10,90)
9,610
378,180
523,590
"'46
80
408
438
165
595
3?0
170
391
3,440
110
67.610
1,985,700
350,550
250,080
1,090
43,320
336,800
4,680
M,OM
105,100
3,193,090
CONSUMPTION OP ORKAT BRITAIN.
American
78,t'W
91,640
Peruvian
Sural
l,Ot)0
8(M,6.30
315,290
116,4.50
436
Braiil
12,9.50
Egyptian
Turker, Ac
22,380
12,220
22,380
595
30
30
.380
170
378
50,772,200
2,017,950
13,816,100
11,400
2,275,900
103,178,880
393
171,669,4.30
If4,450
West
India, Ac
Rast India, Ac
Total
12,000
8,420
150,020
1^,940
13.370
272,960
297,530
139,690
437,420
4,950
165
220
1.5,120
STOCK IN P«RT8 OP ORSAT BRITAIN 2ST1I DBCKMBER EACH TEAR.
American
436
2r',9io
si,3,!;oo
93,086,000
213,600
Brazil
West
170
5.174,400
56,310,800
41,800
3,010,700
1,700
13,S80
45.810
382
17,499,420
15,680
403,l:M
434
H6M
India,
110
Ac
16,010
Sural
165
31.360
94.640
110
17,710
81,360
Egyptian
Turkey, Ac
595
3^H)
73,000
\ 31,930
Ac
Bencal and Rangoon
Total.
BoMBATSHirMBlTTS.
r2,«i60
1,000
9,210
14,270
210,580
4,210
15,480
684,710
— According to ouroable despatch reoeived
(o-day, there have been 4,000 bales shipped from Bombay to Qreat
Britain the past week, and 3,000 bales to the Continent ; while
the receipts at Bombay dnring: this week have been 34,000 bales.
The movement since the let of January is as follows. These are
the GgHres of W. Nicol
Co., of Bombay, and are brought
down to Thursday, Jan. 10:
&
-Shipm'ts this weak
Great
ConBritain
1878.... 4,000
1877.... 12,000
1876.... 9,000
-Shipments since Jan.
Great
Con-
tinent.
3,000
ToUI.
14,000
2,3,000
7,000
12,000
Britain.
4,000
16,000
9,000
tinent.
S.OOO
—
Heeeipta.-—
Thla
Blue*
week. Jan. 1.
1.—,
Total.
7,000
15,000
24,000
,
21,000
19,0C0
17,000
55,000
28,e«e
26,000
From
the foregoing it would appear that, compared with laat
year, there has been a deerease of 5,000 bales in the week's ahipments from Bombay to Europe, and that the total movement
since January 1 shows a deereai» in shipments of 8,000 bales,
compared witn the corresponding period of 1877.
105, ICO
80
14,520
1
Madras
Bengal and Rangoon
India,
1..380
Madras
EXPORT PROU GKSAT BRITAIN.
American..
15^130
10.610
101,240
68,960
17,180
Sl.SSO
West
11,480
28S,720
I'ernam, .Ic
331,150
770
3;i,tl0
Maranbam....
figypHan
Smyrna and Greek.,
.331,590
69,790
589,030
167,410
19,2vO
1974.
Uahia and Maceio,...
58,148.450
173,740,000
437,000
10,179,600
158,371,300
19,116,000
17,888,000
6:),710
3,054,660
318,SC0
595
380
170
395
300
300
iMJ.Oa.)
1,150
59,880
400,910
Bengal and Rangoon
1876.
187S.
lO.lCO
Upland
2,074.620
I.ISO
&3.5T0
Madras
Pounds.
187S.
Mohllo
New Orleans
8';4,938,640
382,9.'iO
.
Surat
ToUI
Average
Londou,
Liverpool.
2,000,680
816,050
»87,18)
l>«ectiption.
1877.
Sea Island
Algcrlne Island
121,300
)
QnNNT Baos, Bagoing, &c.—Bagging has not moved to any
extent since 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
quoting 104(ai0}c. Butts are ruling steady in price, with a fair
demand to be noted for spot parcels, and there have been sales
here and in Boston of 1,500 bales at 3f@2ic., cash and to arrive; about 600 bales liave been taken at 2Jc. currency, time, the
market closing steady at 3 13-16@3Jc.
;
ToUl
387,650
17.%123,120
588,C0J
VE.^R.
1874.
1873.
80,0110
68,000
16,000
2O,0CO
ESTIMATED STOCK RKI.D BT SPINNERS AT THE CLOSE OP BACH
1877.
American
80,000
15,000
Brazil
lfS?er*c;.v. v.- :}«»««'
West India, Ac
8 000
1875.
1876.
115,000
20,000
65.000
13,000
20,000
34,000
25,000
17,000
3,000
3,ooe
4,0M
5,000
Sural
1
Madras
MB,000
27,000
20,000
2O.CO0
20,000
183,000
18.5,000
135,0C0
125,000
150,000
Bengal and Raagoon
sales
and prices have been as follows through the
year:
Reported weekly sales
and forwarded.
Date.
••
"
Mar,
"
•*
Specula-
"
"
May
"
"
10,530
71,421
91,1 .0
54,410
1..220
S.O*)
10.3i0
6,9SO
8,93)
O.'Wj
0.47 J
10 3zO
5,780
8,600
tj.'),660
3,.),-.4
131.59J
114 6j7
56,4
3 79!
10,585
72,670
51.44)
68,010
4,943
f3,v5'(
4,4.32
52,121
109,607
1U2,46)
848,980
t9-,280
937,440
6>j
5«
6V4
6*4
5 5-16
176..«74
1,07-1,490
«H
54,405
53,991
109,195
75,971
1,0T0,19U
i!i
6>i
8
4^4J0
15. 62.311
22, 44,4'iO
I,
59 081
8. iB..'*;0
15. 33.071)
29. 45,40D
12. 4!,500
19. .'3,150
2«, 67,-320
3, 5').690
10, 39,8i0
17. 52,080
14.
"
21.
"
38.
"
"
Aug.
•
"
S.
12.
19.
26,
68,990
45,410
49,910
44.650
52,sio
57,430
"
"
„"
Nov.
"
"
"
4,680
4,370
8,190
6,(60
16. 51,880
23. 87,220
27.
4,
11,
18.
24.
1.
8.
15.
22.
''
•'
"
13.
20.
27.
99,760
14<,5
6^.9,3J
41,540
M,3G0
51,180
89,100
60,880
59,800
73,9-iO
63,030
47,8-10
61,460
48,140
61,;mo
74,870
84,100
53,9-,0
5S,»r0
50,390
60 080
62,970
55,280
40,370
05,830
60,070
4.3,230
4,470
lj;4i6
18,860
15,680
66.750
58,860
83,040
85,490
89,620
66,(100
11,280
7s-,230
69,640
45,870
72,630
40,750
49,510
60,610
69.850
60,790
78,520
58,330
41,62)
21,100
20,860
5,830
9,800
7,290
90,500
61,700
82,430
48,040
66,770
71,190
83,150
72,090
86,840
66,520
46,190
23,720
13. 72,630
" 29,
Dec. 6.
b
5,5'.0
6,0.30
" 20, 66,630
"
S.SiO
6,600
12.340
8,050
9,380
5,420
7,930
12,170
15,110
8,540
9,060
5,740
7,270
49,SM
Sept. 6. 54,39)
Oct,
8,.380
2. 35.690
9. 81,460
"
" 80. 50,890
.
43')
73,940
6.e(io
7,liiO
lO.tSO
13,3uO
11,300
13,!S0
8,190
4,870
2,680
4.413
3.791
2,781
3.701
.\484
6,656
.5,848
6,l.Vi
8,415
4;844
10,606
8,142
9,889
15,083
7,548
5,189
5,774
4,165
6,301
2.860
3,400
3,624
4,138
3,489
4,224
4,438
3,9,36
6,109
5,431
6,414
7,'183
6,397
6,379
6,874
7,029
5,074
5,955
7,605
5,894
6.649
5,518
6,898
13,069
2,804
6 7-16
ll.-j,132
5711,910
6X
188, 156
8(n'.650
106. ..63
649,100
723,680
5X
6% 5X
25,50il
112,796
84,967
69,075
86,067
73,87J
33,128
24.522
29,106
20,380
8:1,197
47,038
31.256
37,657
39,117
32,079
16,271
14,9.39
11,472
14,055
00.604
10,863
22,850
83,781
8,3 ;7
24,723
15,926
57,370
26,298
47,468
41,686
77,616
64,615
80,207
5'),006
8S,619
78,6(14
Bxporteof Cottonlbaleelfrona Nevr Vork IneeseDt.I, ISTT
mattd Egyp- Dhol- Midlock. Uau. lerab. 3ow'ds-
K,880
28
,
Fair
2>. 7 ,2ro
"
"
Kair
4,'7U
" 24. 42,720
" 81. 53,340
Jane 7. 62,700
Jnly
Kali-
11. 9^.1.V)
18. «0,^4()
II
April 5, 80.500
^'
Actual
Imp'Jrt.
export.
6.911
3,637
4,737
4,114
7 ,3
" 22, 540(0
"
Total
the liun and eale^ &
Trade, export. forw"d.
4
Feb.
"
—Prices.-
^
To
1877
Thb Exports of Cottoh from New York this week show an
increase, as compared with last week, the total reaching 11,766
bales, against 7,613 bales last week.
Below we give our nsoal
table showing the exports of cotton from
York, and their
direction, for each of the last four weeks; also the total exports
and direction since Sept. 1, 1877; and in>the laat column the total
for the same oeriod of the previous year:
New
Total
The weekly
Jan.
,
;8'i,!f20
t
«-*
6Ji
8%510 6H
845,660 6«
1,073,311)
1,C9«,3.W
1,1S3,930
1,091,310
1,144,630
1,124,400
1,14:1,060
i^y.
b«
5 5-16
5 3-16
5;.'
5 1-16
5
4 15-16
6 9-16
6X
6
iii
6
5X
6H
6 1-16
6
6
5 1-16
6
6 1-16
5 15-16
t>%
S;<
6
BK
HX
6Ji
6X
6X
6%
W
6 3-16
6 5-l«
51i
897,780
371,350
373,610
6>i
83<
5 3-16
5 3-16
6X
6 3-l»
3li0,970
6J<
6i(
6^ 5W
6X
*)(
6H
5 .V16
6 7-16
5 7-16
5 5-16
««-i«
6,6.38
19,685
8,277
10,681
138,t;3
1,535
IW.SH
Total to Ot. Brltaiu
6,658
10,685
6,277
10,684
I37,S5S
180,459
792
3.cor
4,9i3
Havre
Jan.
date.
9.
74
yea».
5 15-16
fA
5Ji
5 13-16
5 13-16
f/i
74
6X
6 5-16
Other ports
792
a.!»2
4,373
6S0
20S
50
1,335
ISO
11,148
2,219
8,253
8.348
2,031
1,68<
908
1,335
390
>i,6ta
11,961
....
....
....
6.658
11,661
7.612
::::
Total to N. Bnrope.
8paln,OportoAOtbralurAc
Ulothers
Total Spain,
«>i
6 9-16
6 7-16
6S
6 5-16
6 7-16
6 7-16
6H
200
...
11,766
16«.6f0
1»7,5»7
The following are the receipts of cotton at New York, Boston,
Philadelphia and Baltimore for the past week, and since Sept. 1,'77:
pan.tT>aT.p'u
BALTmOBB.
Bio'TS raox
This
week.
515-16
6X
joo
4co
Qrand Total
6
6>i
6 5-16
6S'
6 7-16
7,143
lis
6
6!i
6 3-16
6 5-16
iii
6 5-16
6%
Liverpool
Other British Ports
Etremen and Hanover
5.V
6)i
6 3-16
5 8-18
5 8-16
6 3-16
5 3-16
S 1-16
5 1-16
6
5 1-16
5>i
2.
fotal Prencli
5
6J<
6JV
Jan.
26.
b)V
m
63i
tit
6\
6X
Dec.
Other French ports
4 11-16
4 13-18
prey'os
19.
m
bX
6%
* 1I-I6
4 11-16
to
Dec.
6J<
6>i
Hi
6)i
6<^
812,193
306,000
337.940
887,SS0
6«
6X
8.'<
938,250
944,600
40.-i,800
6 13-16
5^.
6X
6X
Same
Total
6 15-16
m
6K
918,180
877,030
817,060
806,360
807,490
740,290
690,150
698,160
5J5.I0J
488,830
447,330
425,280
5X
6X 5X
1,168,900
l,190,i;0
1,154,890
1,109,160
1,(61,140
1,029,610
1,008,740
1,016,620
931,410
9311,860
& 1116
6 11-16
5 9-16
WEEK NDIIIS
6 13- U>
7
6 13-16
Haw
Orleans.
Texas
Savannah
,
.
Mobile..
...
Florida
S'th Carolina
iTth Carolina.
rirglnia
Ronh'm Forts
Tennessee, Ac
Foreign..
Since
Sept
1
4,106
2,826
8,565
83,823
37,386
l',837
8',4S0
4,130
l,6iS
4,753
77,162
This Since Thla Since This Since
week, Sept-l. week. Septl. week. 8ept.l
4,102
19,065
99,(2;
C5)
U,i86
;.ib:
87,817
•I'f
407
4,445
.
29,791
113,098
9,830
44,187
2,493
ran
690 12.679
4,461
4,013
6,268
38.IS7
47,166
51,288
1,798
13,785
1,384
18,S3«
30,037
6 9-16
6 7-16
Tatal this year
33,241
601,247
16,742 168,42»>
2,448
28.960
3,061
6^
ToUI last year.l
22,035
895.163
13,632 141,8-23
1,1
30,2.13
i,tn n,o}4
:
—
:
:
.
THE
46
CETilONltjLE
Parihia,
81B
Memnou.
2,t)f8 ..
UOKDAT.
Apr.-May delivery, 9
Fen.-Mar. delivery, 6 9-35ia!<d.
Apr.-May. delivery, 6 6-lfid.
Feb.-Mar. ibipment, new crop, »»U,
Jnne-,Tuly delivery, 6 %<!.
lee. shipments, new crop, sail, 6 9-32d
Mar.-Apr. shipm't,
.
10,634
1,661
To Havre, per Ptcamer Amerique, 192
To Bremen, per steamer Donau. 290
Smf Orlkans— To Liverpool, per stpamer Tiara, 2,6'i8
To Havre, per ships Walter D. Wallet, B.132....Lennle
"j^
t?2
2,668
;
i
Bcrrill, 5,014
Vanban 2,978
per barlis Livingstone, 1,618
France, pe-etenmer Ben Nevis, 551
To Dunliirli,
May-June
I
Bonito, 161..
TmtBDAT.
per bark Crescent, 2,0
for ordern, per bark Tonni, 1,600 Upland
'io Havre, per barks Geo. Peabody, 2, 610 Upland and 86 Sea Island
....Te!emach,2.n0Upland
Upland
per harks Graham's Polly,
8eaIsland....Jarae8Kenway, 1,915 Upland
To Havre, per bark Arcadia, a,4.'8 Upland
To Amsterdam, per birk Lara, .1,608 Upland
To
Apr.-May delivery, 6
Uay-Junc delivery, 6
Jan. delivery, 6}fd.
2,833
Feb. delivery,
4,506
2,C40
Apr.-May delivery, h 13-S2d.
May-June delivery, 6 13-32(^7-16d.
Apr.-May delivery, fi?id.
June-July delivery. 6 15-32d.
June-July delivery,
6'Ai.
Apr.-May
To Queanstown or Falmouth for orders per brig
To Amsterdam, per bark friedrich, 1,393
To Antwerp, per bark Star of Hope, 888
KoBroLK — To Liverpool per steamers Redenatcr,
630
1,398
Freldig, E80
Bteam.
Saturday.
Monday.
T'lesday.
Texaa
....
....
ll.'Ml
Wllmingt'a. 3,123
19.8(7
Norfolk
Boston
Philadelp'a.
830
3,503
4,460
184
25,213
2,980
Below we give
8,100
5.789
3,0i0
330
cp.
11 16 cp.
Ord.
Opland
i-'A
Mobile. ...b%
S,383 123,403
6
6
Orleans
news received to date of disasters to vessels carrying cotton from United States ports, He.
Aucm, itr. (Br.), Ellis, at Livcrp~o! Jan. 6th from New Orleios, lost some of
cp.
—®Ti
— iaj<
-®'i
—S7i
— @j<
e.
J4
cp.
cp.
cp.
cp.
cp.
comp.
—
—
—
—
—
—
17«
U>i
19
^Same date
— Q.AFiae—.Mid.
Good.
Q.O.
6 1-:6
6)i
6 3-18
ev
Fair.
20
16)tf
nx
21
L.M.
Mid.
18X
O.M.
fi)4
6«
6 6-16
6Ji
6 7-16
6 7-!«
('H
6 9-l«
26
.
18
16
MId.F. Mid.
6>i
6 !^-16
6X
S3
19
19>^
17
«X
G.M. M.F.
8 IS-M 7
6 13-16 64<
6 lS-16
6 15-16 6 11-16 "
6Ji
« 13-16
6 13-16 7K
6X
T
IH
all
• 7 1-16
Since the
her rigging and was slightly damaged by a collision with another
commencement
tbe year the transaetioni on
ol
have been
spuculatiou and for export
vessel.
str.,
Liv., Hull
/-Taken on spec, to
Philiidelphia.
HUKTSTILLB. Schr. Reindeer, Howard, at Provi lence from Virginia, reports
.
that abo,it (i A. M. of Dec. 20, ^orae ^5 mile* S.W. of Bariiegat. fell in
with the burninj: and ai->andoned ste«mer Hnntsville. which saak about
noon of that day, as previously pnblished. Captain Howard secured 2b
bales of the tteamer^s cott jn, and brought 24 batea to port, having lost
two bales on the patisagc.
SuNPA, ship (Dutch), from Norfolk for Liverpool, before reported, was eccn
Dec 4th, lat. b8'48, lor;g. &6'48, one muss of fiame. Several vessels were
In eight at the time.
Fbtir Rohland, bark (554 tons, of Birth), Prohn, frsm Savannah November
25, with 1,950 bales cotton for Bremen, wae driven ashort; on the island
of TeischcUing Jr.nuary 1 ai.d broke up. Crew saved.
J he cargo was
floatins alcng the thvre. It was valued at $146,796. Part of the cargo
was being sav ed January 7.
EuzABSTE Edwakds., Fchr.. from New Orleans for Providence, ashore on Flat
Beach, L. 1., broke up dur ng the last gale.
Teams are at work picking up the cotton and carting to the bay side for shipment.
H— 4;03
:
.— Actntl ezp.from
from Charleston Dec. 31 for Philadelphia, was towed back 4th
Instant to the former port, with shaft broken, by steamer Virginia, from
BqiiATOK,
cp
—
—
—
—
—
—
1876.->
,-Ord.*Mid-^^Fr.&G.Fr.-^
3ealslai:d..l6
Florida no.. 13
Texas
Total. ..76.673
X
Sail.
c.
—
6,786
19,8<7
1,7C0
4,<60
181
1,300
ii-io(a5icp.
cp.
cp.
cp.
cp.
Steam.
Liverpool, Dec. 27. The followinj? are the current prices of
American cotton compared with those of last ynar
is.tiss
S,28i
H
H&y, «
xaK «
>43J< X
)i<a,>»
ccmp
e.
c.
:
r-Hambar^-^
29, 1877, states:
24.SE4
12,704
6.516
18,898
3,010
c.
-@Xcp. ii-imn
11,7611
2,383
l,3fcO
400
Baltimore...
-Oii -OXcp.
-lax -axcp.
-&ii
—
.
EoROPKAN COTTOS Markbts. In reference to these markets
our correspondent in London, writing under the date of Dec.
AmsterHavre,
dam and Got&c. Brem'n.Antw'p tenb'rg.Spaln.Genoa.TataI.
4,510
8,000
,
—@11-18 cp. >,4®«
—©11-16 cp. X@*4 3i
H
—<ail-I6 cp.
'rt!4cp.
-®V
as follows
— —
Bremen. ,
Havre.
Sail.
Steam. Sail. Steau.
.
—
Are B8 follows
792
week have been
,
e.
-®iicp.
-&ii —
Thnr'dy..
Friday...
these shipments, arranged in our usual form,
d.
—am
crop, sail,
6 13-37d.
delivery, 6 7-16d.
May-June
— —
Sail.
d.
oew
Apr.-May delivery,
crop, sail, 6)^d.
Liverpool.-
,
Wed'day.
4,9f8
8,45"
1,731
6Xd.
6 13-;-2d.
Cotton freights the past
123,403
Total
1,600
new
188
—
10,704
crop, sail,
M.'ir.-Apr. delivery, 6>id.
d' livery,
Dec. shipment,
3.164 ...Antocra^,
19,817
3,li5... per shipsBaiing Brothers. 7.8*1. ...Florence, 6,800
40)
Baltikore To Liverpool, per steamer Caspian 400
1,^00
To Brenaen, per steamers Hannover, 1..300
Minnesota, 2,264 4,460
BosTOV— To Liverp3ol, per steamers lilyrian, 2,196
181
Philadklfhia— To Liverpool, per steamer Pennsylvania, 184
Mobile
new
-Feb. shipment,
-Jan
I
6Xd.
July-Aug. delivery, b^d.
800
Charleston
Savannah.. .19,600
Dec. -shipment,
Jan. delivery, 6 11 32i.
Mar.-April delivery. 6 l!-32d.
Cork, Falmouth or Plymouth for orders,. per bark Providentia,
15,823
6)tfd.
Dec. shipment, new crop, sail, 611-SSd
Jan.-Feb. shipment, new crop, sail,
sail,
6}.'d.
North
1,206
Carolina, l,<!n,
....
crop,
Feb.-Mar. delivery, 6 i;-32d.
11,901
1,134
800
N.Orlean.... 2.6S8
pew
Jan.-Feb. shipment,
8,155
Cork,
Liverpool. &c.
....
ll«wTork...I0,»84
Mar.-Apr. delivery, 6Xd.
Fbidat.
-
The particulars of
delivery. 6^d.
June-July delivery, 6 15-3}d.
.
To Havre, per bark Sarab Douglass, 1,7!4
WiLMiKOTON— To Liverpool, per barks Vourarts,
To
May-June
I
Feb.-Mar. delivery, 6 5-16d.
Mar.-Apr. delivery, 6 ll-62d.
330
bert, 2,856
1
t 3-32d.
sail,
Tkitrsdat.
Edith Troop, 3.9^6
Llverp ol per ships S. Vanghan, 3,aC0.
per b'lrks Mlunle Carroll, 1,8J6 and 3 sacks Sea Island .... Col.
tall,
Jan. delivery. 6 9-32d.
Feb.-Mar. delivery, 6 9-32d.
Jan. delivery, 6 5 16d.
Mar.-Apr. delivery, 6 5-16d.
I
I
Jan. delivery, 6 ll-32@B-16d,
12,600
2.45S
8,508
Upland
TaxAB—To
crop,
June-July delivery, 6J<d.
I
Dec. Bhipm'ts, new crop,
UplandandlOO
J,819
.52d.
6 6-I6d.
6 S-3ad.
Jan.-Feb. (delivery, 6.Vd.
Mar.- * pr. delivery, 6 9-?^2d.
Apr.-May delivery, 6 5-16d.
Babe, 250 Upland.. ..Maria, 80
a port in Spain, per barks O. J.
6 9
Jan -Feb. ehipm't, new
5-16d.
ll-32d.
Wednbsdat.
4..'i!0
1,600
To Gottenbtirg, per bark Helsingor, 2,040 Upland
SiTANMAH—To Liverpool, per ships Ardmore, 4,019 Upland.... Alfred,
4,.3n
Dec. shipments, new erop,s«iI, 6 9-32d.
Dec-Jan. shipment, new crop, Ball,
Jan. delivery. 6J^d.
Jan.-Feb. delivery, OJfd.
Feb.-Mar. delivery, 6Vd.
Mar.-Apr. delivery, 6 9-.12d,
10,':n4
2,0tI0
5,015
To Bremen,
sail. 65^d,
delivery, 6 5-16d.
May-June
Mar.-Apr. delivery, 6}id.
Importer,
Chablb^ton -To Cork
.VJd.
delivery, 6 l!-3?d.
6 ll-32d.
14,772
051
:,
To Bremen, per ship Annie Goudoy, 4,349. ...per bark
To Genoa, per barK Pontida, 2.883
MoBiLi— To Liverpool, per ships City of Brooklyn, 5,6S9
XXVI.
Jan. delivery, SJ^d.
Jan.-Keh. dslivery, 6Vd.
. .
.
<
[Vol.
—
8HIPPINQ News. The exDorts of cotton from the United
States the past week, a8 per lateH mail returns, have reached
So far as the Southern ports are concerned, these
123,493 bales.
•re the same exports reported by telegraph, and published in
Thk Chroniclb last Friday. With regard to New York, we
Include the manifests of all vessels cleared up to Wednesday
Total balee.
l^ght of this week.
EngMiw TonK—To Liverpool, per Bteamere City of New Yorlc. 1,883Montana,
Republic, b70.
land, 1,S63 .... City of Montreal. »,(j98.
. .
:
.
& other
,
1877.
1876.
1875.
1876.
bales.
bales,
bales.
bales.
152,410
136,lf0
S0*,!00
Brazilian
fO.oiO
Biryptian, Ac. S8,890
W. India, Ac. I.8f0
E. India, &c. 63.180
83,1 !0
5.7.50
36.0C0
96.971
10,90 J
9.83J
9.C81
13),690
18,140
1.980
105,950
889,270
840,1C0
American
ToUl
287,890
2,K0
Actual
«zp'tfrom
outportstodate—
date—
this
206,277
S97,5S0
928,990
331,066
BRE ADSTUPFS.
Fbibat, P, M.. Jan.
II, 1378.
P.M. By Cablb from LivbbPOOL. Estimated sales of the day were 10,000 bales, of which
1,000 bales were for export and speculation. Of to-day's sales
6,750 bales were American. The weekly movement is given as
LIVBRPOOL, January
—
There has been nearly uniform depression in the market for
bre.".dstufla throughout the past week, under reports of an
armistice betwsen Russia and Turkey.
The demand for flour has been limited, except on Monday,
Jan. 11.
there was a good business in the better grades of shipping
eOOOO when
8000 extras", from $5 50 to $6 00, the latter for straight Minnesota
4lio(0
tMi6 brands taken for London but general trade was quiet, and in
1000
the past few days, under rumors of approachinjr peace between
.185000
£11000 Russia and Turkey, price* have had a downward tendency.
follows
.
Sales of the
week
Dec. SI.
Dec. 23.
37,000
9.000
aO.OOO
41.0!;o
4.il00
24,0(XI
11,000
2,000
9.000
20,000
3.000
40O
1000
bales.
Forwarded
Bales American
of which exporters took
of which speculators took
4,0C0
1.000
838,000
174,000
87,000
67,000
13,000
257,000
240,000
Total stock
of which American
Total import of the week
of which American
Actualexport
Amonntafloat
of which American
The following
SiiCt.
,
table will
Satur.
«id.upi'de
Mld.Orl'ns
mn
©i 9-16
show the
Mon.
388.000
214.000
74.000
55,000
3,000
277,000
217,000
4.
;
411.000
287,000
80 000
S7!000
5.000
257,000
260,000
87' 000
Sg'ooo
s'ooo
3-8 000
33.j',000
dally closing prices of cotton for the
Tnes.
.m^h
Wednes.
..mn
<a6ji
..»6 9-16 ..©'i 9-lJ ..®t> 9-18
.
Jan.
..m^i
:
Fn
Thurs.
..@6
week
..m'A
.©6 9-16
9-16.
To-day, there
is comparatively large for tbe seacon.
the decline a fairly active market, closing steadier.
wheat market has been giving way from day to day in
Production
was
at
Tbe
depression has been caused by an absence of
These
salea are
on the basis of Uplands,
Low Middling
clame, nnlesa other
EATtJBDAT.
Jan.-Fab. delivery, S 9-320.
Har.-Apr. dellv'ry, 6 liirl.
Apr.-May delivery, g }l-8M,
fi
|
Jan. delivery, 6 9-3M.
Peb.-Mjir. delivery, 6 9-SSa.
export
of holders, in view of the
Eastern Europe. Besides this,
gome very extravagant estimates of the surplus which may be
spared to Europe by the United States have been put forth by
and some weakening of the confidence
early termination of the
vriie stated.
Th^
demand
prices for lots on the spot as well as for future delivery.
war
in
the Agricultural Bureau at Washington which have had their
Receipts at the Western markets are
effect upon speculation.
:
JANrABT
:
.
:
.
THE
la, 1878.
CflllONICLB.
Thii VisiBLB SorpLT OF (iRAlH, Comprising the stockg tB
at the principal points of accumulation at lake and
seaboard ports, and in transit on the Lakes, the New York canala
and by rail, Jan. 0, 1878, was as follows
though Bomewbat in ezeeia of lagt year. To-day, the market was steadier, with a {air demand.
Indiao cora shows a material decline In prime old corn, while
other qualities have brouprht about nearly full prices, although
small,
gnaary
Wheat,
demand
in but moderate
No. 2 mixed sold on Wednesday at
63c. for January, but dropped to COJc. for February in the afternoon. Steamer mixed on the spot sold at 58c., and No. 3 do.
{new) at SS^WJc, on the spot. Yesterday, there was a further
decline to 56ic. for steamer mixed, January, and 53@5Zia. for
No. 3. To-day, there was a recovery of ^c. for No. 3 and steamer
.
In
In
In
In
So. »
SaperSne Slate
&
em
are closing quotations
«
OsaiR
bbl. IS
OOa
Wheat— No.8 eprlng.bush
4 05
West-
Sztra State, ifec.
Western Spring Wheat
extras
do Minuettota patents.
8*5
6 50
5 '54
8 25®
6 50.t2
t liQ,
6 85
6 85
6
doXXandXlLX
do winter X and XX..
.
Oitystiipping extras.. ..
CIt; trade and famllj
No. Sspring
No. 1 spring
Red Winter
Amber do
4 50a S CO
5 35<3 6 40
Jl
1
1
1
l
White
Corn
I
— West'n mixed
...
Ye'.Iow Western, old...
Southern, yellow, new.
9 0<)
6 iS
55a
SOa
36a
85a
403
483
B3a
63®
1
23
83
38
4J
i4
1
5.'
1
1
1
I
Dec,
2.'.
1877
Dec.l5, ISn
Dec.
Jan.
1877
1876
8,
7,
Rye
Taa If,
Oats— Mixed
87itfa. 39X
White
*i
S8>4a
Barley—Canada West...
84® 1 00
State, a-rowed
63© 71
State, 4-rowed
78® 63
Rjefloor.saperflne.. ... 8 50^4 10 Barley Malt—State
653 85
...
Oornmeal— Western, *c. 9 ^5^ 3 00
Canadian
1 00® 1 10
Oorn meal— Br'wlne. &c. S 303 3 25 Peas-Canada.bond&free
85a 1 OO
The movement in breadstuBs at this market has been as follows
-MWBtPTS AT H«W TOBK.IXPOBTS nOU HSW TORK.
,:
Same
1878.
1877.
For the
Since
time
Fer the
Since For the
Since
week.
Jan.
101.114
161,114
8,733
.
Barley. "
OaU ..."
.
.
.
43,113
3.671
865,050
213.036
8.843
1S3.871
58,531
.
"
Hye,
8,st8
1»1,871
ie,5Sl
week.
1877.
1.
47,039
3.7J9
SJ.'.'SO
70(757
215692
12,107
60.58s
220,123
27,587
54,250
1»,273
1,2<I8
Jan.
13,531
3,720
1,8)5
704,757 243,816
320.123
43,295
27.587
7,!)81
51.250
1,398
300
tables show the Qrain in sight
of Breadstuffs to the latest mail dates
bush.
bbls.
At-
096
„
Ohlcago...
lbs.)
31,936
£8,318
3)3
5,923
*1,878
Milwaukee
Toledo
Detroit
Cleveland
Louis
Peoria
Doluth
8,9U
Bt.
1,030
(60 lbs.)
416,131
149,165
112,
HH
117,u79
bOO
S6,896
4,000
Jan.
213,6l(i
«.i95
7,!j84
"360
Osts,
bush.
(66 lhs.>
60,330
14.703
93,917
3,081
17.500
(83 lbs.)
8i,o:o
13,275
10,065
7,069
4.200
24.643
11,000
Barley,
bush.
6,936
7,733
850
li.710
6,300
11,3ft
2,650
'.'.'.'.
400
'76..
..
.
1876
1675
AND FROM
Flonr,
.
Jan. 5, 1878
Dec. 39, 1577
Cor. week '77
Cor. week '76
Cor. week 75
week
'74...^
Tot. Dec. 31 to Jan.(;
Bame time 1377. ...
Bame time
Bame time
14,'«»
17,909
b'.MO
480 000
81,060
17 000
12,932
4,211
7,»J0
81,079
198,316
45,713
8,991
16,718
4,003
1.3M
6,339
37,3(8
e,<4t
8,1(8
..
....
1,121
....
63,489
630,000
480
80,007
935,000
9,691,790
6,129,382
8,586,085
4,467,962
703,870
10,191,131
10,6)0.117
10.372.389
10.397,158
17,439,599
6,009,796
6,952,763
5,888,661
5,434.171
8,859,990
3,351,453
8,535,368
8.705,473
3,578,367
8,311,279
4,518,000
4,556.689
4.665,710
4,701,767
2,368,533
678,387
680,881
630,642
6«3,07S
640,031
11, 1878.
;
transactions
with package honsea and jobbers alike.
some
of the
Western States are
muddy
still
were
Accounts from
nnsatisfactory,
and indlcato
condition of the roads has caused a serious inter-
—
Domestic Cotton Goods. The exports of domestics from
week ending January 8 were 601 packages, 173
whi«h were sent to Great Britain, 153 to United States of
Colombia, 100 to Venezuela, 71 to Brazil,^34 to Africa, and th«
remainder in unimportant lots to other markets. Brown sheet-
of
I
ings and drills were in moderate demand, and leading four-yard
makes and fine browns are closely sold up to production.
Bleached shirtings ruled quiet, and wide sheetings were in light
demand. Denims, dyed ducks and tickings were in moderate
request by jobbers and converters, and some makes were advanced from ic to ^c. per yar"". Corset jeans remained qqiat
but 6rm, and there was only a limited inquiry for cheviots and
Print cloths were quiet and a fraction lower, extrm
cottonades.
64x64:3 being quoted at 3}c., cash, to 3|c., thirty days
standards
Prints and ginghams
at 8|c., cash, and SCxCOj at S^c, cash.
were in light demand, but cotton hosiery was delivered oa
account of orders to a fair aggregate amount.
Domestic Woolen Goods. Men's-wear woolens were only
Special styles of light weiffht fancy cassiin moderate demand.
meres were distributed in fair quantities to the clothing trade,
—
• Estimated.
8BIFM2NTa OF FLOUR AND GRAIN FROM WE8TKRN LAKB AND
BIVER PORTS FOR THE WE-iK ENDED JAN. 5,
Cor.
356.600
151.700
45.198
38,000
257,937
138,150
8,060
9,388
i\«n
89681
;
to Jan. 5.
1377.
9S.1IS
71.600
this port for the
Rye.
20,460
637341
tively small supply.
basb.
(48 1h8.V (56 lbs.)
50,401
8,890
Tot Dec. 31 to Jan.5.
Bame time 1877
Same time 1876
Bame time 187!......
Tot.Ang. 1
Same time
Bame time
Same time
10,074
255,0CO
816,833
203.791
1,7*1
121,421
1,2;|,C00
14,284
61,300
87,099
1,047,114
157,857
150,000
ILOOO
tUKt
rnption to business and collections. California and Texas buyers
have been operating a little more freely in some descriptions of
spring goods, but very few Western and Southern buyers have aa
yet reached the market. Values of the most staple fabrics are
without material change, and the market, though very quiet, has
presented a steady undertone, with a tendency toward higher
figures on a few makes of colored cottons that are in compara-
1.
12,531
1,335
Total
Previous week
Corresp'ne week."i7.
"
189,900
light
that the
and the move-
Cora,
bush.
104,150
43,250
107,600
60,870
230,970
and domestic dry geods during the past week
ment
EBCBIFTS AT LAKE AND RIVBB FORTS FOR THK WBEE BNDING
JAN. 5, 1878, FROM DECBMBER 31 TO JAN. 5, AND FROM
AUQ. 1 TO JAN. 5.
Wheat,
14,7i)0
811,384
791,412
6,600
Barley,
Hje,
bosh.
bnah.
91S,8iM
448,£0O
287 818
Fbidat. P. M.. Jan.
.
week.
1.
47,0.39
The following
Flonr,
l,M7.t8S
1
,
Flanr, bbls.
Oats.
»>'"'>.
1,059.009
There has been a continued slow movement in both foreiga
.
i
O. meal, "
3,733
Wheat, bns. 885.0iO
"
Corn,
313,026
i;8,6M
T75,uOa
144,000
60.930
220.834
369,311
177.000
11,893
24,3(9
181,433
679,471
70t,5S2
250,000
Cora,
'"'»''•
,
THE DRY QOODS TRADE.
.
—
2,6S6,7!S
8.400
703,592
1,644,!4»
630,900
25,177
623,700
Estimated,
brands
6 408 6 56
Soathern bakers* and family brands
6 003 7 25
Sonthemshlpp'gextras.. B 404 B 85
:
.''S;''-
New
Total
Dec.29. 1877
63
64
5)
B7>8
.^
. »,
^
York
at
at Albany
at Buffilo
at Chicago
InstoroatMtlwaukee........
white.
Vloub.
.
store
store
store
store
In store at Dnluth
In store at Toledo
In.etore at Detroit
Instore at Oswego*
In store at St. Louis
In store at Boston
In store at Toronto
In store at Montreal
In store at Philadelphia*
In store at PeorU
In store at Indianapolis
In store at Kansas City
In store at Baltimore
Rail shipments, wefk
Est. afloat in New York
mixed, but No. 3 mixed was nominal.
Bye and barley have been dull, drooping and unsettled.
Oats were dull, prices giving way slightly, the market "losing
firm, with No. 3 graded quoted at SSjc. for mixed and 39^u. for
The fallowing
47
1876.....
1875
bbls.
89,147
116.303
9J,349
96.876
69,573
96,272
89,117
95.319
96,876
69,573
DEC. 31 TO JAN. 5.
Wheat,
Corn
Oats,
bush.
708.533
655,054
145.63.4
bush.
bnsh.
1.57,917
69,489
69.2i6
1?8.750
i:7:),643
285.C6I
113,749
333,8
M
550.015
611.465
210,679
310.453
703.5? 3
1)5,683
285,061
143,749
157,857
6-O,015
6r.,465
210,519
1.36,999
193.236
101,273
69,489
138,7.50
136,909
192,.'36
Barley,
bnsh.
80,037
125,8 .7
80,109
64,404
45,436
45,803
8C,f0T
81,109
64,404
45,436
Rye
bnsh.
1.121
5,544
33,687
11 517
16,091
7,600
1,121
S3,68T
11,
M7
16,091
but the general movement was slow. Worsted coatings wera
and cotton warp worsteds remained dull and unsettled.
There was some inquiry for heavy cassimeres, but few
transactions occurred because of the extremely low prices
less active,
ofiFered
by intending buyers.
Overcoatings, cloths, doeskins, and
cloakiogs were severally in light request, and eales of Kentucky
jeans and satinets were not so large as anticipated. For flannels
and blankets there was a mere hand-to-month demand.
Shawls
AND ORAIM AT 8BABOARD PORTS FOR THB and skirts remained quiet, and worsted dress goods were dull,
aside from black alpacas, in which there was a very fair moveWEEK ENDED J.t^N. 5, 1878, AND FROM DEC. 39 TO JAN. 5
Flonr. Wneat,
Corn,
Oats,
Baney, Rye, ment — revised prices having been mads by some of tha laading^
BBCBIPTS OF FLODR
AtNewYork
bbls,
93,400
38fi7i
6.000
6,54J
16.405
9,933
10,763
,
Boston
Portland
Kantreal
Philadelphia
Baltimore
Mew Orleans
Total
Frevlottsweek
Cor.
week
'71
Dec. J9toJan. 5
Bame time 1877
S»me tfme 1876
bamellmel875
...
bnth.
':71.450
15,370
19.596
1,800
29,300
161,000
25,750
i:9,712
916.3^3
80,ai7
1,056,560
864.537
152,355
179.912
80,917
1,059,600
153,355
287,938
3,7,371
2ti0.475
151,1.1)
bnsh.
bash.
169,048
16i,0;0
1,500
60..542
6.5.rg3
6,664
33.353
29,531
400
bush.
bnsh.
950
:,446..32(
3,265,9»3
1,049,030
1.446.:i24
1,049,020
l,28i,770
959.5J7
24,500
3,000
13,500
1,500
2.',l'53
143,39<
190,183
164.7( 9
143.394
164,759
S83.I64
251,619
ll:,m
217,(197
29,380
111,132
29,2«0
83.71 '6
6.I.0J
7,5S1
23,7s4
17,024
7,534
17.0J4
ll.f90
8.3; 8
quiet.
goodn
about
ruled
—
There was a very light demand for
hands, and the jobbing trade continued
Hamburg embroideries and a few special styles of white
were taken in moderate parcels by manufacturers who are
making preparations for the spring trade but linen goods
quiet, and dress goods, silks, hosiery, &c., were devoid of
Foreign Drt Goods.
foreign goods at
3,0fl6
605,509
4'n,C0»
193,367
agents.
first
;
animation, in which condition they will probably remain until
importers are prepared to open their new goods for the coming
season.
.
—
:
.
..
THE CHRONICLE
48
ImportatlOBa of Dry Uooda.
dry grooda At this port lor the week ending
The
Jftn. 10, 1878, and for the eorreBpondlng weeki of 1877 and
U76, have been aa follows
HTIBID roB OOlianKPTIOH VOB TBI ITBBK BKniBS JAK. 10, 18*8.
ImportationB ot
1876
,
,
Total
Pkgi.
.
1,8«5
113,71)8
1.868
83,497
.
Pkea. Valae.
Export* ^r I<eadlBK Artleles from New York.
following table, compiled trom Caatom House retams,
shows the exports of leading articles from the port of New York
The
to all the principal foreign countries since Jan. 1, 1878, the
totals for the last week, and also the totals since Jan. 1,1878
and 1877, The last two lines show total valuet, including the
value of all other articles besides those mentioned in the table.
i» — — eo^
9 0»0 r
»0*0'?»wO«-*»
T-i
-
$J59,0ai
418,815
3ia,688
645
1,354
601
1,000
671
3M,307
391
469
1878
.
Value.
$520,743
405,503
487
-f
9
rf. .
rxi
too
vo
.-.m-13
SIS, 171
124,491
4,171 $1,334,089
4,473 $1,148,313
4,973 $1,721,678
...
1877
.
Fkga. Valne.
Manafaetoreaof wool.... 636
{308,2*9
cotton.. 2, 198
do
678,910
silk
4ig.0'<2
933
do
966
193,711
flax
do
n6,92l>
Klscellaneoue dry goode 647
fVoi» XXVI.
OS* 000 A
WITBSBAWH raOK WABBHOaSK AND TBHOWH IHTO TB* BABKBT ODBmS THB
SAUB PBBIOD.
Maantactaree Of wool
do
do
do
cotton
$168,209
153,597
136,312
131.293
32,268
224
348
106
477
517
5631,679
1.672
4.473
375
408
.
eUk
Ill
469
llaz
MltccllaBeone dry goods.
TOUI
745
2,128
4,973
Addent'dforconeBmpt'n
1,721,878
Total thrown nponm'k't. 7.101 $2,343,557
BTKBBD FOB
30!
$123,973
164.291
121,200
99,282
23,566
312
133,049
112,471
91.381
15,492
127
471
105
$503,417
_ ji oo*«oCBSi® 'S<P*^SSS^fi*^*^"**S!^
1,.33),089
538
894
168
617
212
lo
Bilk
do
flax
do
HlKellaneonsdr; gooda.
cotton..
8,447
&.dd ent'd tor consnmpt'G 4,973
243,418
180,056
161,931
303
596
88
506
60, .153
135
$895,600
1.628
4,473
1,731,878
$116,856
883
474
125
602
170,491
86,878
108,971
30,137
M03
Zo
:i
:«=: s
:
$513,832
6,992
$618,351
4,171
l,S3t,(»9
OUna, QlasB and
s •ss; :S: i::i;:;3i:i:S:S
36!-
888
81
427
46
51,961
..
Ongs, AcBark, Pernviac.
Blea. powders...
Cochineal
19t
172
Cream Tartar...
Gambler
l,t3»
Gum, Arabic...
17
Indigo
Itadder A Extof
410
S9
Oil. Olive
608
67
loe
Ganny
cloth
410
31
Bristles
Hides, dressed..
47
India robber
Ivory
Jewelry,
Jewelry ....
Ac-
Watches
30)
Oranges
Nnta
1£6
940
718
142
2
37
13
39
Spices.
380
$
$
22,745
3,072
12,273
2,095
6,951
51.086
199,021
8,268
Ac-
2,261
6.500
«S,166
1,168
1,8;3
87,765
8,001
51.100
,
vVoods—
Cork
8
,
Pnstlc
.
V,9»l
. .
receipts of domestic produce since Januarj
for the same period of 1877, have been as follows:
Ashea
1,
'78
pkgs.
Breadatoffs—
Floor
bbls.
Wheat
bneh.
Corn.
Oats
Bye
104,114
985,050
214,026
58,581
8,848
BarleyAmalt
US,b7i
Grass seed. ..bags
Beans
Peas
bbls.
bosh.
Com meal., bbls.
Cotton
bales.
Hemp
"
No.
Hides
Heps
bales.
Leather
Bides.
Molasses
hhds.
HoJafses
bbls.
Naval Stores—
Cmda tQrp..bbIs.
Spirits torp
BoBln
Tar
"
"
"
3.0S'
2,787
7,64£
3,7*3
50,264
Same
77
Pitch
bbls.
Oil cake
pkgs.
43,113 Oil, lard... .."bfle.
81,7tO Peanjts
bags.
245,592 Provisions
128,273
Batter
pkgs.
«,<41J
2.484"
634
7,016
2,671
30,440
91
126,513
4,095
86,834
63,662
IS^CTO
103
1,240
11,202
716
89,15.^
1,007
6i«86
1,
1878,
Cheese
Catmeats
Eggs
Pork ....
Beef
Lard
Lard
Rice
Starch
*•
..
"
7,637
95
S,S90
8,415
18.300
20,714
32,261
4,»3b
15,322
2,725
31,485
3,797,
1,382
15,118
.kegs,
pk^
640
898
6,835
Stearine
475
Sogar
.bbls.
Sugar..
hhds.
TaUow
illo
.pkys.
"40
2,011
Tobacco
Tobacco
hhds
986
Whiskey
Wool
bbla,
bale*.
3,441
1,419
313 DreeBedhoga..No,
1.673
1,188
8,759
and
Since
Same
Jan. 1,'78 Slme 1877
tune 1877
12,10;!
69,5861
Si
'
Ii
i
V
:
:S
:
Mi! i:
543
. .
The
Since
it
iir
6,6ii
Keeetpt* of Domeatle Prodaee.
Jan.
:SS
:f:
399
Logwood
Mahogany
736
:
30i,3'*5
613
Ginger
Pepper
I1
1,097
10.766
16,673
52,223
37,964
Cassia
3,000
Holaeitee
1,057
62,31.3
Saltpetre
L'nseed
4,468
4,340
29,560
.
Raisins
Hides, andreesed
Hice
2,300
10
93
—
1,073
1,731
18,9'(l
Ac—
;gS32 .S22
:S
30
33,009
Lemons
Hair
Ac-
68,712
34,960
Oorka
....
Hemp, bales
Sides,
1,
11.7
:
1,17S
63,107
Tobacco
Waste
570 Prnits,
IS
3,117
2,791
Fish
Sodaaeb
Fiai
Pore
8? :S'»;s
559
12,613
383,774
i,o,a
23,.S56
456,883
1,997
Tea
..
ft'"*'
0.
751
Fancy goods..
:
IgSSnS
^
1,500
65,118
Cigars
1,139
35
Oplnm
Lead, pigs
Wines, Ac—
Champagne.bkti-.
Wines..:.
126 Wool, bales
630 Articlet rtport*d by
121
valut—
Soda, bl-carb....
Soda, aal
88
4
Tin, boxes
TInslabe.lbs...
Paper Stock
'i7& Sngar, hhds, tea. A
bbls
39,775
Sagar, bzs A bags.
22
56U
58
no
o
66
Spelter, lbs
Steel
ii
time 1877
Ac—
Hardwaie
85
65
219
Oocoa bags...
Coffee, bags
Cotton, bales.
,'78
«|-
'OHvo^
r;
a
t:
Same
Since
Catlery
654
438
fS
*5
•
Jan.l
Hetals,
126
:
11, 163. $1,853,410
compiled from Custom House returns,
The
shows the foreign imports of leading articles at this port since
January 1, 1878 and for the same period in 1877:
[The quantity is given la packages when not otherwise apeclfled.]
Same
Since
Jan. l,'7e time 1877
:as :S-l--SS5T.?!
61,033
1,148,813
$1,6(2,145
6,101
$140,689
118,879
8^,293
112,377
following table,
.
'
:R£
•*-i-C^
:3
Import* ot IieadloK Article*.
Barthenware.
Glass
Glassware .
Glass plate...
Buttons
Coal, tons
* i- cd o t- co t- i- eo »- -c «p
5,487 $1,810,353
6,145 $1,653,340
;e.59,r43
Total entered at the port. 7,420 $2,617,478
Barthenware—
China
•
<oe6
$47*6,269
1,316
4,171
1.148,813
^
g5f5"SSS-|"
WABBBOUBltie DOBIBa aAKB PBBIOS.
Manafactaresot wool....
ToUl...
»90,083
2,899
iji
15,335
691
1,527
6,125
737
L936
1,599
3,290
304
2,6«6
301
4.178
:
:
i|:
•«''"
1;
;::§;
ii§ii
:
;
;l
:
i
:
.A,ao
55
«
a
-eei
j
s
•
:S
3!8
913
1.684
8.S61
1,604
ool~
•
;|
:S5
.<ni
'?g
^3.
s
•=§
•
•
>
*
*
'
.goo
a
ViP
ac>
:
:^&
iS-c'*
il
;
" as
S " R
"
«»
M ««
,
;
1
Jawuakt
UBNBKAI.
OUMRIBS.—See
HAV-
v
Poi.eiitwit
HBMP AND JUl'R-
4V«
B.
««
•
UO •
fbllHJolplila
iSW •
«l bbl.
Ccmrnl— l(oscna»le
«
Ufn« -Itockland, common. ...V bbl.
60 •
artctn—Uoninion bird, afloat..*
Croton
11
3 sO
;
M tt.
Doarda.com.to
V
M
V>
M.tl.
3->
00
00
90 DO
it
Aata.goot
A
3'
Black walnut
Sornca boardaA plankf,«acb
Hemlock board*, eaob...
Uaple
V M. ft.
«a<I<— '.Oa<Od.crm.ren.« ib.* ke(
CUncb.Tx
•98 01)
« n-}
30 00
....
31n.«lon(er
to
«
A
/afltt*— Ld,,wh.An..piire.
moll V >
t 7^
< 71
19
Dalriea.i>alla.«'c< 10
cbolce State
V>.
«
2«
IS
WMt'Dfacfy.tuba.ii'dloch'je "
HI firk.,tubs,8tate,('r t« prime "
Welab tuba. Stale, com. to p'me "
3;
H
•
M •
1>
2:
''3
«t
CaBESKVft
Btate factory, fair tocholce
Weatern faetory.Kood to prime.. "
•
10
X'.n
lOHi
l^
OOAb-
LWerpoolgac eannel
009
sua
1(1
LilTernool boniiPRannf^l
AirrnRACiTX— Tbe following will
12
show tbe
Dec.
Bfmb...
D.*U.
13
n4i
pricea
L.*w.
K.
Sched.
Port
28.
Rebuken
t> 93 4JK
Jobci.-t'n.
-t2
erate...
-
.
-
3 37)t«2 47)^
2«X«i 75
Btove... — 3 00 «I10
Oli'nut.. -- 2 «S«2 BJ
CjfFKE—
ta.
4
P.
00
& West:
realized ai tlie la.t miction sale of Jjel. Luck.
Penn. I).L*W.
Auction.
11
..
HatlTeUeylon
Mexican
Jamaica
Uaracaibo
l^guayra
St. iJomingo
MTanllla
CoaURlca
icold.
KOld.
KOld.
sold
"
ijv<
...g
..
-.^u
n"
IS
tt
18\
18H3
"
"
22
•
"
IsxS
21
gold.
gold,
gold.
1?HS
20
17>t ^
17 <»
\in
ii;^
goid
••
aoH
gold.
gold.
(Old.
13X
"
"
"
9
a
17
I7H3
20
a
21
9
a
9
28
26
ii
17
Brailera'<0Ter leoi.)
American Ingot, Lake
2:
,
16
**
VB
BoUs
tbeatbing.new (overl2 oij
IT^a
V B
17y
a
refined
3
00
4
ti
4
..
79
odaasb
2d*
let
em.
1
Tltrlol.
FISH-
My
do
do
do
do
Layer, new
do
4)ia
.7.
5
19
IS
1
new
Currants, new
Citron, new
Prnnes, Turkish rnew)
do
fa-oe
French
Ktge. layer
Canton Gtngc.wh A hf.pote.V case.
S»rcllne', » b"lf box
Sardine-. » quarter box
Ma-aroni. Itilian
fl »
Domextie Drttd—
Apple-, SuU. hern, slice)
V a
quartf^ra
do
tio
State, al Iced, new
do
do QuirK-rs, r«w
do
Peaches,pared,'*a g'Jioch'ci' new)
do
unpare*. ualre nidqrs...
Blackberrl-ia, bags and bbl9. (new).
Raaphe'ries
Cherrlen, dry mixed and Hew wet...
I'laicii.B'ate
•Wbftnieberriea..
Texaa,
a
a
a
a
t;ropof
10
13
i:
11
IS
VJ
a
S
a
13
B.
29^
1»7S...
i
INDIA RUBBBR-
ton.
....
* iigs. V
js"
I*
19
18 00
16 00
17 On
Plg,8cotcn
...23 50
2« 50
at'fre Prices.
Bar, Swedes, ordlnaryslzeB..f> ton. 130 00 ttl32 50
Scroll
lb.
2 J-loa
5
Hoop, Xx-No.22tol&'.Xx.l34;4
5
2 ?-lU
Sheet, KuJBia
.. ..gold.filt
lI'XiS
II
Sheet. single, double* tretJIe, com.
4
Ralls, Atnor.. at ^orks..|) ton, car. 33 00
36 I'O
Steel rallr, imer.ian
46 wi
47 00
a
«
Bml
W
.
is
a
^
a
5H
a
a
S
a
a
!i »)
12 50
*
^
a
4 30
a
1
1
'7sa
a
a
a
Sj^a
U\a
10 a
i%
e
:i)ta
SHa
a
a
II
6 50
a
\S\a
^CS
SO
s
4
7
a
A
a
6Xa
a
4 a
9 a
J6 S
12 a
IS a
U «
7
Ordinary foreUn
Uomesllc, crmmoD
Bar (discount. 10 p.
"
•'
Sheet
20
tU
52
3 00
1 50
i'i"
1
80
100 Iba,
gold 6 37X<»
cur. 4 ;i7X^
450
«s
7
a
Q
SlH-s
26 a
29 a
24
VB
c.)
Hemlock,Buen, A'res,h.,m.*l.(iB.
"
Caliroritla, h.,
"
comraoD
rough
tilde,
m.
It,,
*
1
Slanghtercrop
Oak. rough
fexaa.crop
27
29
v gal
23X
23
^8
31
31
a
Tar, Washington
Tar, Wilmington
7V
"'
&
13 CO
4 35
7U
1
87^
t3
6
15
"
17
SX
13
BOO
joit
isS
14
tu
5k
8
1
lou
6k
10
27
liu
a
bbl. 3 26
A
"
"
V
"
U
AWNING
BAGS',
STltlPKS."
V
2
2
...
3'x
....
^
George A.
col-jrs
.
SO
a
4 00
5 00
30
4
@
SS
lOVft
11
I'X®
13
CAKE-
'
e
12X
MX
City, thin oblong, bags, iiolit, t ton. So 0]
Weatern, thin oblong (Dam.) cur " 32 vO
«
«
S2
.^^6'
OILS—
1
'
1
a
47
!u
63
44
a
a
(5
O
<7
CO
03
15
^^
PETROLEUM-
Clark.
Refined, standard wblte
Napbtha,Clty, bbia
loferlor to common reSiiliig_..fi B.
••
F-lr
**
Good refining
••
PortoHlco. refit., fair to prim*
•
Boxes, clayed, Noa. 101912
"
Ce trifugal, Noa. T<»I3
••
Melade
••
Manlln.sup. and ex.tup
Batafla. yos.icau
"
'
Brazil, voa «ail
.fi-Ztjied-UardTcrnabed
••
Hard, pow dercd
do gtannlated
do cutloat
Colfeo, A, clandard
"
**
"
"
off A
do
White cxtraC
"
FxtraC-o
Yellow C
"
•
"
"
&
Bro.
Olyphant &
13)
44
Kong;
4')
SbaiiKlial, Fooeboiv
Canton, Cliina.
KoDK,
\0
06
OLVPHANT *
....
/t"
....a
13
,,,,
16 00
13
00
16 SO
a
a
a
a
a
%
1414
Wall
St.,
John Dwight
....
10X
IKa
7Ha
6K
.5
7Xa
-,Q^
7xa
3 »
|ua
7xa
luS
...5
....a
9Xa
7H
72
iS
-S
i%
sx
7)4
ex
t
a
•
Co.,
SH
»X
lS
75
7
York.
The jooolne Trade ONLY Snpplled
S.
W. ROSENFELS,
EXPORT COMMISSIO.N MERCHANT
IX
Prodncey Prorislons and Naval Stores,
7)!
jj
9£
9X
....a
7
No. 11 Old Slip,
..?.
9!ka
lya
cSa
7Xa
7H«
&
SODA.
Now
13 50
7-77X
....a
ew York.
SVPER-C A RBOK ATE
....
....
a
..
71
MANtrFACTDREHS OF
13 SO
7)Ka
t
dk
RxpnEsximo bt
Co., of China,
IS
I
1 28
isxS
13 33
Co.,
COMMISSION MERCHANTS,
....
«
a
a
a
a
a
.niLWARO'S HKLIX NEEDLBS.
400 BROADWAY, NEW YORK.
,»pl.
SUOAR-
In stock.
4U
8X3
s
Pork, mess, spot
Vbbl.
"
Pork, extra prime
Pork, nritne mesp. West...,. ... "
**
Btiel, family mess
**
Beef. extra meaci^ew
**
Beef ha;ns, Weatern
Bacon. City long clear
"
Hams. smutted
"
Lard, City steam
always
ONT
37X
62XA
I'ccan
UolaUMngUf
Widths and
175
2
4
OAK CM- NaTy,U.8. Navy * best » ».
Prime
all
^u
a
a
a
2
Walnuts, Naples
bulk
supply
12sa 22V
83
171)
Ih.
Cotton aeed. crude
.•gal.
UllTe, 10 casks « gall
Linseed, caaka and bbls
Menhaden, crude Sound....
Neatsloot, No. 1 to extra..,..
Whale, bleached winter
Whale, crude Northern
Sperm, crude
Sperm, bleached winter
Lard oil, Nos. i and 2
• foil
No. 109 Dnane Street.
38
SU
40
337Xit
Brazil
FIl"ert«, Sicily
OtherTellow
Co.,
ONTARIO" SEAMLESS
•
40°
a
a
a
35
28
!0
2]
"
VB
1
Kf^ Ca.a
And all kinds of
OITO/S CANVAi.. FELTING DUCK, CAR COYKR
IKG, BAGGING, RAVENS DUCK, SAIL TWINES
PROVISIOIIS—
6 00
23 00
20 00
ga v)
K
F
dnlted Ntaten RantinK Companr.
.,ia
••
•
low So. 2 to good No. 2 '
low pale to extra pale.. ••
**
wlndowglass
in
*
BrinckerhofF, Turner
AC. "
-j^
"
Pitch, city..
Spirits turpentine
V gal
Rosin, strained to good strd. VI bnl.
*'
low No. 1 to good No. I ••
Crude,
....
....
....
....a
Atlantic Coiton mils,
Saratosa Victory Mfg; Co,.
AND
Hoilerf. Shirts and Dranrera
From Various Mills.
_
NEW YORK,
BOSTON,
A 45 WHlTk STBIkT.
15 CHADXllXT ST.
PHILADKLPHIA,
J W. DAYTON, 280 Cbrstnut 8tb««t.
M
a
...
8X
COTTONS AILDUCK
<a
"
NAVAi. STORKS—
NCTS-
5
* io6
«x*
M....
a....
-<
•. <l,
axcomp
« ,..,
Also, Agents
.
Cuba, Mus.,refln.gr'df,50teat.
do
do grocery gradea.
Barbadoea
Demerara
Porto RIno
N. O., com. to prime
'*
25(
..
•Xt....
<
Mumfaclnrerft and Dealers
8
22
22
m.ai....
9X»
tea.
AGENTS
4)
6
a
LBATHER-
()ases
19
16
1^
]<
d.
2 9
It
»ht>i
a
a
LKAD-
•.
...
hu.
II
lAIL.—
iturlinstoii Wooleu Co.,
Ellerton New milla,
<>
a
a
a
Corn.b'lk
.
d.
s.
.-.•.Is'j
40
a4t
Wheat, bulk A hags.
Pork
d.
t>
n
n
»
<k
IS
Waalilnstoii .tiUIn, Olileopee
37'
^^
ro
13
baayy
f.
II
•
&
.
V B.
bbl.
goods. .V ton.
*
a
«
U •
24
— vniAif.—
ft
»
n
n
E.R.MudgCjSawyer&Co
49
«
&
a
c
^
iJuo
Cotton
Flour
a
\l
:o
29
28
.gold.
.
ft
Us
Commercial Cards.
33Kd
37
Bmyrna.unwaahed
FKEIGHTS—
To LiTHPOOL
5
3
to
;8
37
36
3*
37
ft
8h
u
lux
12X
lOX
Olds, all growthe
Para, coarae to flue
Bsmaralda, preued, strip
OuaydQuii, p-eeaed, strip
PimHnia8tr:p
CarthaKena, pressed
Nicaragua, tiheet
Nicara^tts, scrap
Mexican, ah'-et...,
Honduras, sheet
IROft-Plg, American, No. 1
Pig, American, t.o. 2
Pig, American, Forge
1<H
a
a
a
a
a
8
lU
H0P8|l
..7.
a
a
11
«((><-Jt— Oal.
CropoflSTI
21W
IFX
...a
klpe.slaught. gold
*'
Calcutta kips, dead green..
•
Calcutta, buffalo
£. /.
OIL
19
30
28
as
7i4
7>ia
^"
old
Loose, new
Valencia,
California,
do.... car.
do.... g(,ld
Ay, selected "
•'
do....
"
do....
do.,., cur.
.Minond', Jordan shelled
Uit
5xa
FRUIT—
per lOlb.lraU
(lo
62
55
a
<8 a
22X»
77 a
"
Mackerel, No. 1, Hay
Mackerel, No. 2 Haaa. abore (new).
Mackerel, No. 2,
19
I2
Gr'd B)c.* Oeorge's (new) cod.V qtl. t 23
Mackerel, No. 1,M. shore
pr.bbl. 1100
Ralal3S,8eeaieaa
Savanllift,
irxAaUeil—Uuen.
Para,
••
25"
1
sua
••
English. »i». cnr.
blnceomBon
Matau)t)ra8
2i"
inn
aiH
a
V.
21
Id
*'
Matamoras.
"
do ..
,9aU«d— Mara*bo.a)« theyroo**
"
8v
jj
25
It
cor.
VluOB.gold
Sugar of lead, white, prime. VBcur
50*
27
8!<3
•'
Oil Tltnol(«« Brimstone)
iva
Opinra. Turkey ....(In bond), gold. 3 70 «
Prusaiate potaab, yellow. Am. .cur.
24 a
gold.
QolcksilTer
5! a
Quinine
cnr.
.a
"
Rhubarb, China, gooi) to pr
SO a
Balioda, Newcastle. V KiJ B, gold 125 a
•hell Lac,
\iZ
125
t
e
"
Glycerine, American pore
•
Jalap
"
Licorice paate, Calabria
"
Lteorlce paate, Sicily
Ucorlce paate, Spanish, aolid.. .gold
"
Madiier, natch
Madder, French. K.X.F.F
Sutgalla, bine Aleppo
20
California,
9
M a
12«ia
M
a
59 a
54 a
21
gold.
Citcb
Sambler
2m
^S
ifta
~
Caatoroil.B.I.lnbond. V^aL.gold,
» 100 » ••
Oanstic soda
•'
"
Cblorate potash
"
COCblneal,Hondor.«,etlTer...
"
Cocblneal. Mexican
"
prime
Am.
Cream tartar,
cur.
Cubeba, Beat India
26"
^6Ha
23
12X9
VliOB. ••
1 &>
Bleaching powder
o
Brimstone, 2ul8 A3rda,per ton,pold.21 OJ &
Brimstone, Am. roll
VB..cnr.
3 a
Qlnaeng
"
"
Cuba, clayed
2KB
cur.
gold.
Argola, crude
•
Argola, refined
Araanle, powdered
Bicarb. aoda.Newtaitle.V 100 B "
Blcbro. potaab
VBcnr.
Camphor
2OW4
'..'.'.'.'.'.'.'.
UULA8SEE—
COTTON— See ipecial report.
DUUOS 4 OVBB-
Am
•'
Burry
South Am. Mertnc, nnwaabed,..*.*.'
Cape Good Hope, nnwaahed
Texaa, fine. Eastern
Texas, medium. Eastern..
3Xd
**
COPPBK-
Alum, lump.
do,,,.
do....
do..,.
do....
'
.
....
do
do
Corrlontea.
.;
30
«s
IB
40
M •
•
Interior.
II
a
»
....
Ulo, ord. car.euand»;day>.Kld.i)B
do
uold. ••
do fair,
djfood,
doprlme,
Java.mata
22
32
Orinoco,
tH»
8
Lead, WQ. , &mer., pure dry
7H{
5 o
6
Elnc, wh.,\mor. dry. No. 1
9
Zlnc,wb.,Amer.,No.1,lnoll
Parlawhlte. B:;a..koId... • 100 ». 170 a 175
BOTTKK-JVei»— <Wholeiaic Price*)—
"
/>rtf
9 ia
Its
SdBna...
Cat>plkeB,al1aliei
"
Superior, unwashed
.Fair
a
do
rt
U a
n a
37 a
'
No. 1, Pulled
45i«
Ma
ifi%
California. Spring Clip-
1%
....a
:,.
i%
tx
sxa
7*-Wa
^
%
7
....a
"
Montevideo,
HloQrande,
28
18
Extra, Pulled
Zmf-Buenoa Ayres,seiected,VB«eld
0100 UO
U o
a
oi)
UIUBS-
...
3^ uu
00
00
0(1
.,.
».
••
a215
ai89
ITS 30
190 00
..,f» "
"
„
•lete
-K)
90
c;Vi.*«ach.
U>k
Manila
simJ
• IW
« uu
tZlOO
^ f3
• 40 0U
4S 00
Pinp, ihlopluK Uux
lie
(10
1
KocklHTici. Qul-hlac
l.umbir-Vine.gW to ex.dry.V
s 75
V OU
)7 UO
y
Out-of-town
WOOL-
gold. 306 00 a2IO
• J7V00 ans
VtoB.
ItoBsla.cIean
Frlmeelty
w
,...«
Amerlcan XX
American. Noa. 1 a
American, (bombing
AtnerloaL undraniad
lukiuut
8U1LU1NU MATKUIAI-S-
TAU.OW-
W MU a
Nortb RlTer ehloi«ue
KKA.Usrur'rS— Snoinoolklraport.
49
report uider Cotton.
Amerlcan dreaaed
tally
<
THE CHRONICLE
19, 1878.
t'KlOWS OUIiitKNT
do
.
:
%9
BBOAO STBEET,
P.O.BOX34S2.
KKWTOMC.
ISAAC SMITH'S CKBRELLAS.
BirPKRIOR
QUOU tlILK
PATENTED
GlNOnAM
»l
Kx qUAL. LKTANTINB SILK
«
iS
Ijp
ODANACO........
>.
•«
:
m
THE CHRONICLE
&
Russell
Ste&msMps.
Financial.
Commercial Cards.
UNION TRUST
•
Co.,
COMMISSION MERCHANTS
:AND ship A&ENTS,
NEW
OF
HOSG KONG.
OFFICE,
No. 73 Broadway, Cor. Bector
J.
M. McLean,
J.
M. McLean,
STOCKS AND BONDS,
OK
No. 7
&.
SON,
18
STBEET, NETT YOBK,
TTAtl.
First-CIass Investment Seenrltlea,
CITY BONDS OF ALL KINDS,
BATLBOAD BONBS and SOTrTHKRN SBOUKITIKS O*
New Orleans JscKson & Great Northern
New Jersey Midland Bonds.
New York & Oswego Midland Bonds.
anf transfer books, or make purchase and sale oi Governs tnt aid other securities.
Religious and charitable Instltntlons, and persona
unaccustomed to tne transaction of business, will find
this Company a safe and convenient depository fbr
RIPLEY ROPES, President.
CHA8. R. MAB TIN, Vlce-Pres
SO0AB M. CT7LLBN. Counsel.
Bonds.
Transact a General Banking Business.
Bought and Sold os
Commission, and carried on Margins.
Deposits Received and Interest Allowed.
nr* Accounts of Countrr Banks and Bankers
Celyed on fayorable terms.
Alex. M. White,
IN
re*
IN
Lichtenstein,
THE MOST ABTISTIO STYLE,
BUILDINQ PROOF AOAIITST FIBE.
ALBERT G. GOODALL, PresHent.
A.
E.
NEW
Make Telegraphic Money Transfers.
Draw Bills of Exchange and Issue Letters oi
oaall principal
cities of
y,
Insurance Stocks,
.A SPECIALTY.
&
Agent, 55 Broad«ray.
Atlas Mail Line.
BI-MONTHLY 8ERV1CK TO JAMAICA. HAYTI
COLOMBlAand ASPINWALL. and to PANAMA and
SOUTH PACIFIC PORTS (via Aspinwall.)
steamers, from
Flist-class, full-powered. Iron
Co.,
south Pacific Ports
For Cape Hayti,
••
-
English Cancel,
Liverpool Orrell,
American
Orrell,
for sale at lowest market
Also,
all liinds
of
C^ Co.
RANKERS,
The Trade
ALFRED P.%RMELE,
32;Plne street.
WALL STREBT AND BR0ADWA5
New
supplied.
Yard—887 West !2d Street.
York.
Transact a General Banking Business, inolndlng
BROKERS IK
2,847.)
Special attention paid to the negeHatlon of
Com
tnerclal bills.
Alden Gaylord,
York,
DBALBB IN
«T. LOUIS CITY
Marc & Fort au Prince.
.....Januarys
For A"ux Cayes and Jacmel.
January II
ETNA
bmierior firsi-cUsfe passenger accornmodalH n.
PIM, IfORWOOD t CO., Agents,
NO. 58 Wall tj-eet.
CLililBE^
ANTHRACITE COALS.
COR. OP
VOBEIGN EXCHANGE AND GOLD,
63 W^aU Street, New York.
New
.January 10
Go'nalves, St.
the best
Hilmerg,McGowan&Co
St.,
.via Aspinwal'l,
ALPS
prices In lots to suit purchasers.
HAMBURG.
33 W^all
screw
PiPT No. 11. North lilvor.
For Kingston, Colombia, Isthmus of Panama ana
Now landing and In yard,
HOUSE IN EUROPE,
VOIIN BEBBNBERG, G08SI.EB dc C«
& COUNTY BONDS
AND ALL CLASSES OK
grVKSTMENT & MISCELLANEOUS SECUP.ITIES
Kefers by permission to W. s. Nichols & Co., Bankers
^^^^^
through England and France, steamers marke* thu
do not carry steerage passengers.
For passage and freight apply to
•
;
International Bank of Itambnrg and
Ijondou, (LlnUted.)
BOX
,„
;
Cash paid at once for the above Securities or tnei
on commission, at seller's option.
oobbespondrnts or
(P. O.
and
i,
or any railway station in
England— First cabin, $90 to |100, accor'llng to accom-
will he sold
78 Sta»e Street
GOSSLER
.
.,
To Plymouth, London
BOSTON,
Pearl Street.
J.
;
utensils.
Miscellaneous.
Credit
SPECIAL PARTNER,
Berlin.
NEW YORK,
cabin, $100; second cabin, t 6;
steerage, »26— Including wine, bedding
To Havre— First
cabin, »35
Dealings in
Europe.
DEUTSCHE BANK,
U4
Sangller
Trudelle
FUaNCK,
W^ALL STREET.
Excliange Place,
YORK.
Baile
S.
65
Wed., Jan. 28,9 A.M.
Wed.. Feb. 6. 8 A.M.
ifABRADdR.
Wed.. Feb. 20,8A.M.
AMKRIQ E. Delord
PKICEOF PASSAGE IN GOLD (Including wine):
third
LOUIS DEBEBIAN,
0. L. Van Zandt, Vice-Pres. & Msnaser.
Thko. H. Fbeeland, Sec. Geo. H. STArKBR, Treas.
St., cor.
CatUng at Plymouth for the landing of Passengers.
The splendid vessels on this favorite route, for the
Continent— cabins provided with electric bells—will
sail from Pier No. 50 North River, foot of Morton St.,
BROADWAY,
143
YORK AND HAVRE.
second cabin, t'A; third cabin, $35, steer
age, $27, including everything as above.
Return tickets at very reduced rates, avallabi
Bank-Notbs, Bonds fob Gotebnmbxtb aho Cob
pobations, Bills of Exchanqb, Cbbtifioates
OF STOCK, Postage akd Bbtbhub Stamps
Policies of Instjbanob, ajo all
Kinds of Sbcdbities,
BANKERS,
X9 'William
BETWEEN
KE^y
modation
AND
Knoblauch
&
Mail Steamslilps,
ENGRAVES AND PRINTS
Stone,
GOLD
The General Trans-Atlantic Company's
New^ York.
STREET, NEYV YOBK,
and
Alex. MoCne,
Chas. R. Marvin, A. A. Low,
Abm. B. Baylls, S. B. Cbltteaden,
Dan'lChauncey, John T. Martin.
Joslah O. Low, Ripley Ropes.
Austin Corbin. Edmund W.Corlle i.
Wm. R. BUNKKK, Secreury
Henry Sanger,
Rockwell,
OFFICE,
BANKERS AND BROKERS,
eTOCES, BONDS
t.
TRUSTEES
Northern Pacific Bonds and Stock.
NEW
1
BA-JVIi-IVOTE CO.
Mississippi Central Bonds.
no. 7
charter to ac
guardian, execuior or aOminiS'
estate, collect Interest or dividends, receive registry
John P. Rolfe,
Thomas Sullivan,
U.E. Pierrepont,
JohnHalsey,
Biver (too
ONE\
Direct Line to France.
American
WANTED.
29 North
street.)
can act as agent In the sale or management of real
ALT. DbSCBIPTIONS.
6c
H. OGIIiVIE, Secretary.
Company is authorized by special
from Her
P
^" Hf
"'• Dally
of Warren
line at lowest rates.
Freight
" taken via either
D. s. BABCOCK, President.
L. W. FILKmS, General Passenger Agent.
& Clinton sts., Brooklyn, N. T.
CAPITAL, 1506,060.
J. 8.
DIALS nr
Trask
Theodoee Roobbtblt.
money.
Albert E. Hachfield,
LINE.
Steamers leave.
/l.nn
*•""
trator.
NEW TORE.
PINE STREET,
Samoei. Wiliets,
Wm. Whttkwright,
Geo. Cabot Ward,
Cor. of Montague
It
PROVIDENCE
FREIGHT ONLY FOR
Providence, Worcester, Nashua and
all Points North.
The Brooklyn Trust Co.
This
MULLER
e.
hotel ticketroffices.
Prtsi/Xent.
EXECUTIVE COMMITTEE.
as receiver, trustee,
WEDNESBATS AND SAT0RBAY8.
•
State-rooms and tickets secured at 363 Broadway and
at all ofllces of Westcott Express Company In New
York City and Brooklyn. Alao tickets for sale at all
through the
KING,
M
'
STEAMBOAT EXPRESS TRAIN WILL
LEAVE STONIKGTON AT 4:30 a. M.
Hereafter the
\st
G. G. Williams,
AnCTION
EAST.
7 Consecutive Yeari.
THE ELEGANT STEAMERS
Vice-Preaident.
TTm. Weitewright, 2d Vice President.
J.
nnderslgned hold REGULAR
SA1J5S of all classes of
ADRIAN
KDWAKD
B. H. Button,
K. B. "Wesley,
At Auction.
The
this Institution pass
Clearlng-House.
BONDS
in
STONINGTON and BHODE ISLAND.
Trausfer Agent and
Daily from Pier 33, North River, foe
Registrar of Stocks. 4' 30 P
of Jav street.
and
N. B.— Checks on
Financial.
and
Not a Trip Missed
JK.,
LEGAIi DEPOSITOBY FOB MONEY.
allowed on Deposits, which mar be made
New Yorh.. Interest
withdrawn at any time.
105 TTater Street,
STOCKS
AND ALL POINTS
$1,000,000.
Authorized by law to act as Executor, Admlttlstraf or. Guardian, Receiver, or Trustee, asd is a
POMEBOY,
\r.
Stonington Line
FOR BOSTON,
St.
*
REPRESEXTED BY
S.
CO.
HAS SPECIAL FACILITIES FOR ACTINa AS
HongKong & Shanghai Banking Corporation
HEAD
THE OLD BELIABLE
YOKK,
Bong Kong, Canton, Amoy, Fooclioir, CAPITAL,
Sbanghal and Hankotv, China.
XXVI.
[VOI-.
purchase and sale of
STOCSLS,
BONDS
and
GOLD
for cash or on a margin.
Inrestment Seenrltles For Sale.
P. O. BOX Ifitt.
A. M. KiDSXB.
C.
W.MoLbllan, Jb.
W. Tbasb
Adolph Bcissevain & Co.
BANKERS
JOSEPH GILLOTT'S
STEEL PENS.
SoUhy aU dealers tkroughout tht
World.
AND
COMMISSION MERCHANTS,
AMSTERDAM, HOLLAND.
N. T. Correspondents.—Messrs.
BLAKE BROS. & CO.
ISAAC SMITH'S UMBRELLAS.
SUPERIOR GINGHAM
GOOU SI1.K
PATKNTKl) GXIANACO,,,....,.
EX. QU.vL.LlfVANX::^„:jU.I>.
f 1 00
S™;
S 00
5 00
Jamuart
Insurance.
Insuranoe.
OmCE
(JHKOMOLft
fflE
13, I818.J
North
Cotton.
OF
ATLANTIC
L,OKDO.\
Insurance
Co.
Cor. IMne, New York.
EaTARLlBnSD DECEMBSn, 1800.
54 TVllllnm
St.,
CallH
Vtw
Tors, Jaaury U,
In and paid np CnpHal....
Kii>ervc for all other liabilltlce,lncltidini: re-tnsurance
Net Fire Surplae and Reserve....
1I7T.
The Trntt«M,
In eonfonnlt; to tbe Chart«x of tb*
rabmlt the following SutUmuit at U»
0«mpto7,
ifliln on the
D«o«mb«r, 187S:
fnaUanM rscetrcd on Marina Blika
tram Ut Janoarj, 1876, to 8Ut OeSlit
wmbet, J879
|4.S»,igT «6
Premlami on PoUeiM not nuutkad off
lit
JausATT, 1871
1.173,160 OT
Total amooBtof Uariae PremiuBa.. S7401,<n
n
Ko Folldea have bean Imad apon Ufa
$1,.%3,C3« 36
2,5l7,fiS8 04
4,U1H,6M 70
InveFted and Cash FiroAKfets.$8, 500,1 85
Subscribed Capital, for which the
Stocliholders are persoDally liable, not yet called in
$9,545,054
ReserTO for
total
10
64
$780,618 04
SS6,78j 49
Fire AsBPts held In the U. 8. ..$l,7«7,a70 S3
The above docs not Inehide the Life and Annuity
Funds, which, by act of I'arltament, are In a distinct
and separate tlepartiaeiit, fur which the surplus and
roeerve of the h Ire Insurance Department, named
above, arc not liable.
E.
WHITE,
Blakt, nor npon File dlicoimeGtad
arj, 1878. to Slit
lat
of
OROANIZED
Jam*
Decambar, 1878,... tei,M,g|»
taiaa period....
Batama
H^teSiUe
Premloma and
N
1,T7»,8<» M
#lae
aal KataU and Bonda ai KortgacM
867,000 80
and (nodry Notea and Clalmi
Oompaoy, eatlaaUd at
PMolBia Itotaa and BlUa BacalTtbl*. .
40(,8S0 19
SAM.
P.
tiia
13U.sa« 31
0Mb Is Bank
a8».01«
Total amoQnl of Aaaata
tha ontstandlng
tHUflcaCaa of proSta will be paid to theboldera
ttanat, ot tbeU legal repraaantatlvaa, an and after
ttmitj, tha 6tb of Fabruarj next.
A
M^^K.
1ftn&»ni of Vorty per Cent,
':ashassetsmr$80.ooo.ooo.
&.c.
PHELPS,DODGE&C^
&
Tin
Nenr York.
Roofing
Plates,
SIIKET IKO:v.
Spelter, Solder, Antliuonf,
&
Co.,
COTTON BROKERS,
Street,
New
Tork.
R. M. Waters & Co.,
56 BROAD ST., NEW TORK.
investment Securities bought and sold. Orders exe
cated at the Cotton Exchanges In New York and Liver
pool. AU Uuslness transacted Stkictlt on Comhis
sioN, SO that no Ini crest of our own can poaalbly
conflict with that of our patrons.
Hcpkins, Dwight&Co.,
COTTON FACTORS & COMMISSION MERCHANTS
No. 134 Pearl Street,
LEAD; SHE r^T ZINC, COPPER,
lie.
C. Johnson
J.
••eretMrr.
New
Tork.
&
Co.,
wiehphis. xvnn.
COPPER, RRASS ANO WiKR.
Kennedy
S.
&
41 CEDAR. COR. WILLLA.M
New
t, O. Jtttt,
Cbailaa ISibtiM,
Moan,
Chirlea 3. Roaaell,
CATid ttam,
Daniel 8. U'JIar,
Low,
LewlaCnitla,
7ao>aaLow,
Sordon V, Bt^&llB,
Band.
WiUlam H. WeSbj
John D. Hewlett^
C. A.
•
I^nda Sklddf,
Adolph Lcmoyaei
a VaMpUl,
Charlea P. Bnrdet^'
Alexaader V. Blakab
Bobert B. lUntva.
Oeolfe W. Lane.
Robert L. gtoAR,
Jamcaa. DeForei^
Frederick Obasniiar,
Oharlea D. Lerarld^
Adam T. Sackett;
EMmand W. Corllea,
Horace Onj,
WUllMBBrree,
Patat
John
Xlllott.
Wuilamarogg,
T.Bofr
B. fOHXS, rrealdaot.
OHARLES DBNinS,
TIce-PreiM«ai
MOOHB, Id Tiae.Pre^<Ufl4,
KAyBK,84 yit««/Ma«A
B.
53
BEATER STREET,
136
PEARL STMKRT.
TORK
Geo. Copeland,
ST.,
Tork.
Railroad Investment Secarltles. Col*
lect Coupons an4 Dividends. Negotiate Loans and
draw Bills of Exchange on London.
Agenu for the sale of STEEL RAILS made by the
Caniliria
Iron Compauf,
and F*-^P"
&
Co.,
to purchase Cotton la our market sellclted
Refer to Mes«». NORTON, SLAUGHTER * CO.
^uera
New
^heless,
MERCHANT
_^^_^
Torn.
H.
Cotton.
COmMI88»OI*
TORK.
tTICKSBURG, miss.
PITISBVRQB, PENlf.
&
COTTON BROKER,^
-^"^
,.>tton Factors,
Edgar Thompson Steel Co. (Limited),
McA^lister
VTE\r
D. W. La^^^in
JOnSSTOWtf, I'EAN.,
AND TBB
All basiness relating to the Construction
irent of railroads undertaken.
& Krohn
COTTON BROKERS,
sell
WQilam Storgla,
Wlillam K. Dodge,
rhomAsF. Tonnga,
Soyal Fhelpa,
Buy ani
Walter
Co.,
BANKERS AND IdERCHANTS,
A. A.
Maitland&Cc,
Dennis Perkins
IfANDFACTL'RERS OK
OU OHAFMAIfi
W. B.
Robt. L.
COTTON FACTORS & COMMISSION MERCHANTS,
cotton butebs fob maniifactuskess
VBVSTBaSi
/.
142 Pearl Street, Neiv Tork.
CHARCOAt. AND COMMOK SUKBT IRON
J.
Obarlea
AID
SENKRAL COMMISSION MERCHANTS
BANKERS * COTTON COMMISSION MERCHABTB
UP ALL EIZES AND KINDS.
TIN, RUSSIA
B7 9f!tm et Ow Board,
jTotlab 0.
COTTON FACTORS
117 Pearl
LMPORTBRB AND DEALERS IN
U of AprU sazb
H.
liA.:
BLOSS & INCHES,
CLIFF STRKET,
•artUcatei wlU-ba Uaoed on and after Toeadsy, tbe
9.
ORLEANS,
No. 43 Broad Street, New^ Tork.
Railroad Material
la d»-
tiared en tba net earned premloma of tha Company
tor tbe year ending Slat Decembe*. U78, tor whlsb
WILLIAM STREET, ^EW TORK.
L. F. Bcrje,
j nf
"ES EVERY APPI^OVED DESCRIPTION "
LIFE XnB ENDOWMENT POUCIES
I*1G
W. B.
22
Future Contracts for Cotton boTlgbt and sold OB
In New York and Liverpool.
Commission
ISs|,^F.S.WlNSTON,PRESIDENT
eertUIcatea of tbe laaae of 1878
g«i^
KAOAULAT.
&
COTTON BCTTER AND COMMISSION MERCHANT
APniLIZT*' 1842
tJetween John and Falton,
V81 ba redeemed and paid to tbe holdera thereof, or
thalf legal repretantatlTea, on and after Toeaday,
ttw 8tb of February next, from whleb data all later
8tt thereon wUl caaae.
Tba certifloatea to be proSaced at tbe time of parmeot, and canceled. TJpoa
CMt'iilcatea which were laened for gold premlnms,
the paymtBt ot iBtaieat and redemption will be la
Co.,
Co.,
coninissiON iheroiiants,
N E TT
tUi68i867 81
C.
&
A. J.
Macaulay
U
Six par cent. Interest oa
Tha oatrtandlng
MAOAU'..AT.
J. L.
BLADOEN,
CIIT£RMS AS FAVORABLE ASTHOSE orANY OTHERCO,
tatara^t
PARIS.
COTTON FACTORS A COMMISSION MERCUAIIT
4T nrond Street. Ne-w Tork.
«
tke Companr baa the ftfllowliic Aaa«t«, ria.i
Dhltcd Sutea and StaU of Naw T«rlc
Stock, City, Bank and olbar Bto<)k|.tll,068,rM
boana aaooiad b; Btoek* and otbar-
CO.,
Sawyer, Wallace
U
Bxpenaca.. 11,038,410 8S
tea
HOTTINGUKR &
dulng tbe
pall
liaaMi
oK from
Adrancea made on Consignmeata. Speda attentlOB
paid to parehasea or sales of " Cotton Futorea. ' Billi
or Exchange on the CITY BANE, LOKOON, aid
Mamaosi:s.
inUiUarlaaRlska.
flamlutDB marked
York.
Liabilities, in-
cludinc reinsurance, in the U.S.
in the United States.
Net surpiUs
CHAP.
New
1809.
IK
UNITED STATES BBANOIl:
STREET'
No. 58 WAIjI,
AKD EDINBURGH.
iNCOnrORATED
Peet,
BANKERa AND COMMISSION MEBCHANT8
cantile Ins. Co.,
Mutual
Robb &
and Mer-
British
OF THE
Baker
J.
ai5 PEARIi STREET,
&
Bro.,
NEW TORK
IMPORTERS AND MANUFACTURERS Of
Prime aaallty Cbemlcal Maiiare
or
Chemicals for the VUle foiTnalas. f
all
Cropa
KliUVXLLE, TENNESSEE.
orders.
Srncla''*"*""''"*'™'' '" Bplnnen'
"15?""o°"-Thlrd
Corre
and Konrtn KaUonal Bank
•^ Proprlatora of Thb CESomoLS
%"Sj'd'Ii^riI.t?i'e"clfcXr'.
S^i free.
TJe m.»«l.
l,"si.SS!a"«UU»ersforp»rUcalarcropa-8
_J
S
,
THE
:)HiiONlCLR
Cotton.
Cotton
Woodward &
Still man,
W.
SKAMEN'S BANK ItTILDINO.
&
Non. 74
31
&
Brown's
Co.,
YORK.
COTTON BROKERS,
No. 146 Pearl Street, near IVall, N.
BulIAin^^n,
COTTON
tollclicousignmeiii.8 of
SECCRITir.
and ord
m&de on cousignments, and
afforded by our frieDda, Meears. D,
made on Consignments.
New
St^nestreei,
Special attention paid to the execution of orders for
8 JN, 84
Baronne
rs f or
thts
WATTS &
&
E. S. [emison
(Successors to
MOODY A
Co.,
JEMI80N),
BANKERS, COTTON FACTORS
MANCHKSTKK
GENERAL COMMISSION MERCHANTS,
No. 123 Pearl Street, Newr York.
Advances made on Consignments. Future Conbought and sold 9n Commission, In
tracts for Cotton
New YorB and
Liverpool.
Co,,
COTTON
COniniSSION mERCHANTS,
125 PBARL STKEET,
NEW
YORK,
AND
44 Broad
Street,
&
Bennet
Co.
St
JAIdRS FINLAY
laesars.
ARBTAS
LIVKHPOOL, LONDON
ASD GLASQDW.
Also execute orders for Merchandise throu:;h
FINLAY, inVIR
ic
CO.,
CALCBTTA AND BOMBAY,
FUTURB CONTRACTa FOB COTTON bonght
sold on (;ommiBslon In
New York
&
Spejiat attention given to tho rjxccutlcn of orders
for the ourchase or sale of contracts for
Future
Co.,
&
H.
Farley,
he execMlon of
orders
contracts for future
made on
Liberal advances
coo-
Blgnments.
(Successor to A, L,
New York.
3,909.
comnission merchants.
Special oersonal attention to the purchaae and Bale
Of ^'CONTIt^VCTS FOU FUTUKE DELIVEKY " OF
,
GOLD
COIN, STERLING
Si EX'^HANGB PLACE,
KINDS, boupht and sold on commission. Accounts of
Mercantile t irms, Banks, Bankers, and Oorporatione,
recelTed; and Advances made to our customers when
deilred, on approved securities, Includlne commercial
time paper received for collection, to such extent, and
In such manner, aa may be In accordance with the
Batnre of their accounts.
CORRESPONDENCE SOLICITED, to wtich prompt
ttentlon is always given.
Forwood&
Co.,
T0HK.1'
BnslHnd, Cblna, India and
n. T. ABMOliO.
Chase & Co.
&
Foreign Marine Insurance
I.lverp»ol.
(Successors to
INCORPORATED
&
Tainter,
N0UR8E 4 BROOKS),
Wire Rope.
AND
STEEL
IRON of
&
Co.,
COTTON BUYERS & COMMISSION MERCHANTS
60 Stone Street, New York.
Onleni In Fatores execn ted
1,
C'aplUl
Re-ineurancefnnd.
Unpaid
losses
claims. . .
&
...
IN 1819.
$T,115>»»1
ISrT
superior quality
U N. Y. Cstton Exchanca
ISAAC SMITH'S UMBRELLAS.
Dows-TowK Bbakohu:
104 Droadwar, Near TTall St.
7T FBl|»n St., Kent ««ld.
MINING AND
«
t3,(X)0,OOQ 00
1,741,278 42
other
429,114
82—
5,170,888 24
NET bURPLUS, Jan. 1877.. $1,945,336 18
BRANCH OFFICE:
No. 173 Broadway, New York.
1,
J AS. A. ALEXANDER, Agent.
Liverpool
CHARCOAL
suitable for
H. Tileston
Insurance Company
'°
for the
Company or
»»,143,274 77
OF HARTFORD.
COTTON BUYERS
Waldron
21)
9,928 36
iETNA
CO.
^k
IBVINE K. CHASX.
Future orders promptly executed.
i^H^
UNDERWRITERS IN NEW OBLB^?""*'
Brltlah
6,538
CHAS. J. MARTIN, President.
J. H. WASHBURN, Secretary.
COTTON mCERCHANTS
FOHWOOD, GENERAL
97 PEARL STREET, NEW YORK,
Merc
ASSETS,
Issued at this office
Rlanchester and IilTerpool,
DE JERSEY
New
JLIVEBPOot.
$6,143,^4 77
SUMMARY OF
|417,984 S3
Cash In Banks
Bonds and Mortgages, being first lien on
1,«32,8H 00
real estate (worth fl,64l,IW»
2,1S1,QM 00
United SMtcs stocks (marltet value)
268,697 50
liank Stocks (market value)
186,4M 00
State and City Bonds (market value)
Loans on Stocks, payable on demand
427,831 35
(market value of EecurlUcs, »5»,;11 »)
njaS 'it
Interestdue on ist of July, l:iTI
Balance in hands of AgenU
»2i052 79
Hoirsw or
COMMISSION MERCHANTS, GENERAL C0MM8SI0N MERCHANTS,
^- "• ^°^ ^**'*'
NASHVILI,E, TENNESSEE.
New 0^°^ ®'"'
Also, execute orders for
367,780 92
1,041,490 76
Premiums due and uncollected on Policies
NEW
•KJifERAL
LEECB, HARRISO.
Statement,
Condition of the Company on the first
day of July, 1877.
CASH CAPITAL
$3,000,000 OO
Reserve for Re-Insurance
1,834,003 10
Total Assets, January
York.
Execute ord^ft'"-*'
nd Liverpool, and Future Contracts In New York
ther produce conslgneif advances «n Cotton and
BROADWAY,
136
Total
AND OTHER FOREIGN
exchange:, GOVERNMENT AND CORPOKATION BONDS, STOCKS AND SECUKITIES OF ALL
Pirn,
OFFICE, No.
Real estate
Adyances made on ConslgHments.
COTTON.
OF NE1V YORK.
TOTAL ASSETS
RICHARDS)
Knoop, Hanemann & Co
Street,
Company
Insurance
NetSarplus
AND
O Box
GANGS OF RlGGINa U.^UB TO ORDER.
192 FRONT STREET, NEW YORK.
Reserve for Unpaid Losses and
Dividends
Shipping and Conunlmlon merchant,
No, 39 BROAD STREET, NEW YORK.
132 Pearl
CORDAGE,
BQOWIHO TH«
J.
COTXON FACTORS,
COMMISSION MERCHANTS,
FINAIVCIAL AGEIVTS,
JUTE & TARRKD
Forty-Eighth Semi-Annnal
NEW YORK.
E. O. Richards,
Delivery.
K. W.
%NII.A, SISAL,
HOME
GENERAL C0MMISSION MERCHANTfc
delivery of cotton.
Biiect. itostow
FOR EXPORT AND DOMESTIC USE
AND
Special attention paid to
WntPr
MANUFACTURERS OF
n
Cotton Factors
for the purchase or, sale of
Treasurrr,
40
Henry Lawrence & Sons,
ana
and Liverpool,
Ware, Murphy
Superintendent
MHuchester, N. H.
CO.,
dc
and Tools,
MANCHKSTKR, N. H,
BLOOD, W. O. Itl.BANS,
glnes,
York.
Advances made on Conslgnn^fnts to
.nii:KCiiAATs,
lai Pearl siree<, Ne»T York.
P.
New
,
MANUFACTURERS OF
LocomotlTes, Statlouarr 8tea>m H
COTTON EXCHANGE BUILUING,
GBMKiiAL
conijnis.siON
1T6 Pearl
Beaton.
Liberal advances made on consignments. Prompt
personal attention paid to the execution of orders for
the purchase or sale of contracts for future delivery,
L.
&
Works,
Locomotive
Co.,
COnmSSIOiV MERCHA>XS,
Ulessrs.
&
R. Smith
B.
D.
&
GENERAL
174
York.
Miscellaneous.
GIVKN A
New Orleana.
Henry Hentz
New
97 Pearl Street,
Co„53
the purchase or sale of contracts for future dellTory
of cotton,
Y
1341,
COMMISSION AND COTTON MERCHANTS,
lnf«nnatto.
all
Bnlldlng)
Edward H.Skinker& Co.
d«llrerl<»..
Tork, and Messrs. D. A.
Street.
TonUne
Established (In
purchasu or aale of future BhIjMnents or
&,dvanceB
F.Wenman & Co
Tames
LIVEKPOOK^,
GENERAL COMMISSION MERCHANTS
LOANS MADE ON ACCEPTABLE
Liberal advances
Cotton.
C. Watts
T6 "Wall Street,
NEW
Vol XXVI.
&
London 6" Globe
HOISTING PUIiPOSES,
inclined Planes, Transmlsaton
of Power, &c.
Also QiU-
Insurance Company,
anUed Charcoal and BBfor
hips' UlRglni?, Suspension
triages. Derrick Guys,Fcrry
i'ipes,
&c.
^tjltfjntly
A
large stocK
on hand
from
\S William
St
arc cufihj desired length
IRON iSr^y STEEL AND
Assets
purposes m&. 1°^, Mining
order.
MASON &
'factured to
Ct,
Broadwar, New Xo.^
In the U.
S.,
$3,000^0
@FedFRASER