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HUNT'S MERCHANTS' MAGAZINE,
REPRRSENTING THE COMMERCIAL AND INDUSTRIAL INTERESTS OF THE UNITED STATES
NEW
Oi. 26.
^
YORK, JANUARY
OF THE
AGEIVCi'
THB
Bank of
National Bank-Note Co.,
CUICORPOBATED KOVEMBEB,
1
No. 53 AVAI.I.
WALIi STRXXT,
NEW YORK.
United States Bonds, Notes, Correnoy
and National Bank Notes.
ENQRATTNa AND PBINTraO OP
BANK-NOTES, STATE AXD BAILSOAD BONDS,
POSTAGE AND REVEXT7E STAMPS,
CSBTIFICATES, DRAFTS, BILLS OF EJLCHANOE,
AND COMMERCIAL PAPERS,
in the highest style of the art with tpecial kiUgiiarda devised and patented, to preTent counter
ieitiog
and alteratiooe.
This Company engTaves and prints bonds, postage
•tamps and paper money for various foreign
—
<iovemments and Banking Institutions South
American, European, West India Itslands, Japan, &c.
Votnmunleationa may be aidretted
to
thU
Company in any language,
ANTWERP, Pres't.
jr. MACDONOlCiH, VIcc-Pres't.
A. D. SHEPARD, Treasurer.
J.
Aba
p. Pottke, Preet.
Sax'l Phillips, Cashier.
ROST
^VALL STREET.
No. 50
$6,000,001) Gold.
$1,900,000 bold.
Capital,
Buys and
Sells Sterling
Exchange, and makes CaDle
Trausfers of Money,
issues
Commercial Credits available everywhere.
J:^-."cfo^l'D^B'^.
Bank
Agents.
I
of Montreal.
CAPITAL,
SURPLUS,
'
Special attention
Riven
to
$13,000,000, Gold.
5,500,000, Gold.
-
-
GEORGE STEPHEN,
R. B.
O N
Surplus,
Noa. 59
&
ANGUS,
Kountze Brothers,
BANKERS
13
WALL STREET,
WALL STREET.
01
Smitokrs.
SmITOKRS.
Wai.t«e Watso.v,
V:. F.
C.
>
Arr„«f«
J-^^S*""'-
Issue Letters of Credit, available In
world:
also.
Time and Sight
BANK OF LONDON.
;
on and make collections In Chicafco and throughout
the Dominion of Canada.
Bills
all
parts of the
on the
UNION
London
Office,
Bank
OF
CANADA.
Cable Transfers made.
No. 16 Wall Street.
Transact a general banking and brokerage business
In Railway shares and bpnds, QoYernmcnt Securities
and Gola.
Interest allowed on vleposlta.
Investments carefully attended to.
Charles G. Johnsen,
niERCHAJKT ABJD BANKER,
MEW OUIiEANS,
Capital,
•
HEAD
8«,200,000, Paid Up.
-
OFFICE, MONTREAL.
OEOKOE HAGUE, General Manager.
WM. J. INUUAtl, Asst.Uencral Manager.
BAySERS llf GREAT BRITAIN:
The Clydesdale Banking Company, 82 Lombard street,
London K. C, Glasgow, Edinburgh and Branches.
NEW
TOItK— AojtacT,
C2
Wall
I.A
Striet.
National Dakk or tux KiptniLio.
McKim
Brothers
Attob.vrys and Aobmts of
neasrs. J. S.
lUORGAN &
OLD BROAD
Issue, against casli deposl
&
Str*«<, wltvr
&
Co.,
BANKERS AND COMMISSION MERCUANTS,
3 Exchange Court, Jivm York.
&
Co.,
N. Y.,
<
THEY ALSO ISSUE COMMERCIAL CREDITS
MAKE CABLE TitANSFERS OF MONEY BETWEEN THIS COUNTRY AND ENGLAND, AND
DRAW BILLS OF EXCHANGE ON GREAT
BRITAIN AND IRELAND.
'
s7g7^'~G7C. Ward,
AGKNTS ran
BARING BROTHERS
COMPANY
Sc
53 WALL STREET. NEW YORK.
38 STATK STREET, BOSTON.
Munroe
John
6c
Co.,
No. 8 W^all Street, New York,
No. 4 Post Office Square, Boston.
CHEQUE.^ AND CABLE TRANSFERS ON
MUNROE & CO., PARIS.
SPERLING CHEQUES AND BILLS AT SIXTX
DAYS' SIGHT ON
ALEXANDERS dc CO., LONDON.
Notes akd Cbsdits roa TSAViuias.
j
.
C5C
W
.
Seligman
& Co.
BANKERS.
69 EXCUANGB FLAOB,
CORNER BROAD STRKST, NEW TOUK.
[ssne Letters of Credit for Trarelers,
Payable In any part of Europe, AsU>, Af rloa, Anstrallk
and America.
Draw Bills of Exchange and make telegraphic tnB»
fers of money on Europe and CalUomla.
WALSTOK
B.
BSOWH.
Co., Walston
TorK.
CO.,
LONDON.
ST.,
d, or satisfactory guarantee of repayment, Circular Credits for Travelers, In
dollars for use In the United States and adjacent
countries, and In pounds gurlipff for use in any part
of the world.
BANl
4T Wall.
R. T. Wilson
166 GBAYIER STREET
Pari*.
Deposits received subject to Draft. Socurnles, Gold,
Interest silowed
an ueiiosits. Korelgn Kxchaniie. Commercial Credits.
Cable Transferfl.
Circular Letters for Travelers,
available In all parts of the world.
No. 9 Rlrcliln Lane.
Merchants'
& Co
Boulevard Haussmatm
Ac, bought and sold on Commission.
CiRC'CLAB
Gwynne & Day,
[Established 19S4.]
Buy and sell Sterling Exchange, Francs and Cable
Transfers; grant Comiuercial uud Travelers' Credfs.sne drafts
its, available in any part of the world
,
NEW^ YORK,
81
St.,
DOMESTIC AND FOREIGN BANKERS.
General Manager
prompt remlttanoes made on day of payment.
Boston business paper discounted. Correspondence
Drexel, llarjes
Co.,
Tmao
Plilladelptala.
President.
YOr.K OFFICE,
COLLECTIONS, and
nvlted.
&
South
The Cai'adian
Brown Brothers
B a n k o f Commerce,
No. 59 1VALL ST.,
XEW
$406,000
200,000
31
No. 22
Maverick National Bank
Capital,
No.
D. A. MacTAVISH, (.-._,.
Agents.
O. M. JIOllUIS,
'i
H. VAN
JNO. B. CI;bri£B, Secretary.
CORNER OF BROAD, NEW YORK.
Drexel
STREET.
Commercial Credits Issued for use In Europe, China,
Japan, the East and West Indies, and South America.
Demand and Time Bills of Exchange, payable In
London and elsewhere, bought and sold at current
rates; also Cable Transfers.
Demand I'rafts on Scotland and Ireland, also on
Canada, British Columbia and San Francisco. Bills
Collected and other Hanking Business transacted.
Surplus,
>
Drexel, Morgan 8c Co.,
WALL STREET,
British
North America,
1859.)
656.
Financial.
Financial.
Financial.
OFFICE, No.
NO
19, 187B.
34
H
PIUCD, A.
.
BBOWV.
Brown & Bro.
BANKERS,
Pino Street, New
York.
SPECIAL ATTENTION GIVEN TO THE NEOOTIA
TION OF
BAILBOADISECVBITIES.
:
:
THE CHRONICLE
Bank Thos.
—
26 Pine
We give special attention
sible points.
Texas.
on all acces„ „8. ,Long-
to collections
„
„
.
DinBcTOES.—Benjamin A.Botts. Pres't: C.
cope, W..J. HutJhIns.F. A. Kice, C.C.Baldwin, W.B.
BEN J. A. BOTTS, I'res't.
Botts, Koh't Brewster.
B. F. WEE-MS, Cashier.
T. W. House,
BANKER,
41
MAIN
HOUSTON, TEXAS.
ST.,
Gold, Silver and Negotiable Securities.
COLLECTIONS MADE THSOUBHOUl THE
Municipal Bonds.
&
a'lATE
Capital, $1,000,000.
HOWLAND, President; D.
HEAD
CATHERINES, PORT COLBORNE,
THOMAS. INGERSOLL, WELLAND.
ST.
Dealers In American Currency and Sterling Excbange*
&
BAN
Boston, Mass.
Board
<9iaw
Up
Capital Paid
HEAD
Western
GAULT,
C. R.
Pres't.
IN GOVEKKMENT SECU.UTIES, Gold,
Connty and Railroad Bonds.
State, City,
Parker
BANKERS,
Bnr and
78
&
Stackpole,
DEVONSHIRE STREET
BOSTON,
Western
Sell
Clt7
&
&
Wilson, Colston
and
BRAKCnES:
bsdfobo, p.
McOowan Co., S3 Wall street.
CHICAGO.— Union National Bank.
Correspondence
.
Co.,
AND EROEEKB,
and
American Eichange bought and soW.
on Deposits.
Collections made promptly and remitted for at low-
Bank
St.
$6,000,000.
1,55 0,000.
a
r>3.
Austin,
308 WALNUT PLACE (316 WALNUT
LONDON
NEW YORK
ST.),
PHIIiADEL,PHIA.
Orders In Stocks and Bonds promptly execnted at
he Philadelphia and New Ifork Boards.
Southern Bankers.
A. E. Wauuib, Caahiet.
National
First
Bank,
'WlLiniNfiSTON, N. C.
Collections
Duncan Coulsox, Cashier Hugh LKAcn, Asst. Cash
Branches at Montreal, I'etcrhoro, Cobourg, Port Hope,
Barrle, St. Catharines, Colllngwood.
;
BAN KEKS
London, England.— The City Bank.
National Bank of Commerce,
..
»T — .1'
Nxw
^ORK.
^, Y smlthers and W. Watson.
j
Collectionsmade on the best terms.
^
FlnanciaL
J.
made on all parte of the United States
Smith, Patni ft Smths.
Thk Baxk or NEW YOEK. N. B. A
The Bank of New York, X. B. A., is prepared to issue
Telegraphic Transfers, Letters of Credit and Drafts
on The Nevada Bank of San Francisco.
C. F. Penzki,,
President.
j
t
German
STATE RANK,
Incorporated
J
InlS. (
C. T.
j.
Stuart
Walkbb
Cashier.
6c
Co.,
NASSAU STRECrr.
EXCHANGE ON
dc SMITH'S,
SMITH, PAYNE
BANKERS, LONDON
;
MANCHESTER & COUNTlf BANK,
"LIMITED";
JOHN STUART &. CO., Bankers,
MANCHESTER, PAYABLE IN LONDON;
UliSTER BANKING COMPANY,
BELFAST, IKELAND;
AND ON TUB
NATIONAIi
BANK OF SCOTLAND.
ALSO,
CABLE TRANSFERS AND LETTERS OF CREDIT
J. n.
HAAR.
J.
HEKOBTLER.
O. F,
KDXnNEUtTNDT
Haar & Co.,
Savings Bank, BANKERS
AND BROKERS,
lilXTLS ROCK,
CAPITAL
&
2,500,000
President.
J. C. FLOOD, Vice-President.
C. T. CURISTEN6EN, eashter.
$1,000,000.
OFFICE, TORONTO.
BILLS OP
LOUIS MoLANE,
Restm,
$2,000,000.
HEAD
SAN FRANCISCO, CAL.
information far.
STOCK BROKER,
k. B. Bbbbcss, Pree't.
Capital,
33
CORRESPONDENTS:
J.
The Bank of Toronto,
CANADA.
FRED'K F. LOW,
( M,n«i>er«
IGSATZ STEINHART, (*'""'*"'•
L'LIENTHAL C»»liler.
Reserve,
CosBKSPONDXNTB— McElm Brothers A
Bell
est rat«8.
Co.
Capital, fulljr paid in coin, $10,000,0»0
VIKQINIA BECWKITIE3
solicited
-
St,
Interest allowed
& W. Seugman &
-
jolikttjb, p. q.
q.;
Sterling and
Bankers.
Agents, J.
Pahk Hili,, Ost.
Hajcclton, O.vt.; Atlmee, Oxt.;
OP SAN FRANCISCO,
specialty.
aished.
Jemlson.
The Nevada Bank
BALTin^ORE.
INVESTMENT
A
Transact a general Banking business. Issue Com
mcrcial Credits and Bills of Exchange, available in all
parts of the world. Collections and orders for Bonds
Stocks, ets.. executed upon the most favorable termi
P. N.
Baltimore Bankers.
BAltKEKS
.Moodv
Authorized Capital, '
Paid-up and Reserve^
and
County Bonds.
Fhila.
NEW XORK
Cashier
AGENCIES:
(LIMITED).
DEALERS
MnuUAT,
FOREIGN AGENTS:
LONDON, Head Office, 3 Angel Court.
SAN FRANCISCO Office, 422 California
STATE STREET, BOSTON.
$1,000,000.
-
LONDON.—The Alliance Bank (Limited).
NEW TORE,—The National Bank of Commerce
Co., Anglo-Californian
BANKERS,
40
Bank
OFFICE, niONTREAI..
K EBB,
VArIc Crvrresnnnde-it
hanr:.
8c
street.
Qtjkbbo, Vallkyfikld.
DAIiLAJ, TEXAS.
Commercial
Aoetlons, and Private Sale.
Chas. A. Sweet
Wall
59
Exchange
Messrs. Hllroers,
Investment Securities constantlvon
Agents
Promptest attention paid to collections payable la
any part of Canada.
Approved Canadian business paper, payable In gold
or currency, dl8v,omited on reasonable terms, and
proceeds remitted to any part of the United States by
Kold or currency draft on New Vork.
Leonard,
paper.
Orders executed on Commission at Brokers
In New York:
Bakk of Montukal,
Agents In London
BosANQUKT, Salt & Co.,
93 Lombard street.
STATES AND ETTBOPE.
Adams
D«alfln in Stocks, Bonds, Gold and
"WILKIE, Cashier
K.
OFFICE, TORONTO.
ANCHTE8:-ST.
CONGRESS STREET,
No. 36
R
Bank of Canada
imperial
M. H.
BDT8 AND SELLS EXCHANGE ON ALL THE
PRINCIPAL CITIES OF THE UNITED
Co.,
BANEEBS,
N. ^
CORRESPONDENTS.
Nbw York— Tradesmen's National Bank.
San Fbancisco Wells, Fargo & Co.'s Bank.
Especial attention given to Collections, and
nUttances promptly made.
DEALER IN
BANKERS AND DEALERS IN
Brewster, Basset
G. COLLINS, Cashier.
S.
OF CANADA.
ST.,
Boston,
ITork,
BANK. OF HOUSTON,
Capital, ¥500,000,
Houston,
185,000
Canadian Bankers.
Newr York,
Street,
THE CITY
Gkoegb H. Holt,
Member N. Y. Stock Exchange
DEVONSHIRE
Savannah, Georgia,
81.
.....
A.J.WILLIAMS, Vloe-Pree't.
EBERT, Pres't.
—
Broker and Dealer in Southern Securities. Loans
Negotiated. Advances made on Securities placed in
my hands for sale at current rates.
Rkfkbkncks.— Henry Talmadge & Co., and Eugene
Kelly & Co., New York: Southern Bank, Savannah, Ga
Geo.Wm.Balloii&Co
New
F. J.
AND
BENYON,
J. CHICK, Cashier.
12
DENVER, COI.ORADO.
T~. . . $250,000
Capital Stock, Capital Paid-in,
JAMES HUNTER,
The officers will give personal attention to all busi.
nesB entrusted to them, and no pains will be spared to
make any business relations with the Bank mutually
pleasant and profitable.
President.
A. I.
WALL STREET,
Box
P. 0.
attention given to the sale of Sterling Bills of Exchange : also to orders for purchase orsale of (iovem.
ment Bonds and Gold, and to collection of Coupons,
Dividends and Keglstcred Interest.
Interest allowed on I)eposltB, according to agree,
ment. Loans made on Merchandise, on satisfactory
8
,
James Hunter,
,
F.
.
_^^
&
Whitney.
BALLOtr.
ai^abaiva*
Exchange Bank,
;
HcllingBWorth
Je., firm of
P. Jbown. firm of Brown, Steese & Clarke.
M. B. Tower, Marine contractor.
M. P. SpBlNOKB, firm of Springer Brothers.
Edwin H/iy, Agent Connecticut Life Insurance Co.
B. M. Fowl I, firm of f'owie & Carroll.
J. H. Sanborn, Merchants' Tobacco Co.
Gko. C. K.kd, firm of Hand, Avery & Co.
J. H. WaiTAKEB, fliin of Enoch Benner & Co.
Abthur Skwaix, President Bath National Bank, Me.
A. I. BiNTON.
„
The well-known character of these gentlemen Is a
guaranty of a faithful and discreet management.
Mercantile Accounts and Accounts of Ijanks and
Bankers received on most favorable terms.
Collections made on all accessible points. Special
Wm.
Co.,
>aymeHt.
«
Bank, New
German American „
Correspondents.
fork: Loulalana National Baok, New Orleans Bank
Liverpool
Liverpool,
>f
G
Gio.
&
P. Miller
BANKERS,
Special attestlon paid to collections, with prompt
remlttanfjes at carreut rates ol ezctaange on day of
DevonsMre
DIRECTORS:
LzoNABD Whit.skt,
WILUAM9, JS0. W. MXLLBB
».
iviobile:^
This Bank, duly authorized by the Comptroller of
the Currency, la now open for business at
No. 2, EIALTO BUU.DING,
St.
Of poalte the Post Office. 131
ROOM
B
THOa. p. HILLXB.
XXV L
Western Bankers.
Southern Bankers.
Boston Bankers.
THE
Pacific National
OF BOSTOIV.
[Vol.
(Paid-in).
Surplus
Prompt attention given
ARK*
45 WALL STREET.
$75,000.
20,000.
to all business In our line.
N. Y. C0BBX8F0Ni>SfiT,j Doxiaell. Lawson
Jt
Co
^
IN SPECIE AND UN1TE11 STATES
SECUltlTIES. Buy and sell Stocks, Bonds, and Gold
for cash or on margin. Spi clal attention paid to
DKALEHS
orders for investments.
ORDERS EXeCUTED AT THE PHILADELPHIA
AND BOSTON STOCK EXCHANGES
,
January
10, 1878.
IHE CHKONICLE
|
Financial.
Financial.
CIIAIHPAIGN, ILL.,
OFF E Its KO S AI. K
ESITATR FIRST nORTCAGB
In>inoantaof tl.OOOand upwards,
TEN
ylclillnis
EIGHT
pur cent Bcinl-annual lutcrcut, and ncKutluted
NKW VORK.
ST.,
Goremment Bondt bought
U. 8.
amounts
to suit Investors
;
sold
an«t
and
alto Gold, Silver,
In
or-
Deposits received In Currency or Gold,
clffn coins.
and Interest allowed on Balancei. Special attention
paid to Investment Orders for Miscellaneous Stocks
and Bonds.
FKANK & DAT^
Lazard Freres,
On LAZARD FKEKES &
Clrcalar Notes and Letters of Credit through Messrs.
LAZARD FREUES & CO, at PARIS, payable In any
part of Europe.
PERFECTLY SAFE
!
REFEIiENCES :
NatT Bank, N.Y.
Wm. A. Wheclock.
Oilman, Son St Co.. Hankers, 41 Exchange Place, N. Y.
H. C. Fahnestock, Esq.. First National Bank, N. Y.
Henry H.Falmcr, Esq New Brunswick, N.J.
Esq., Prest. Cent.
.
Starr, Esq.. >ttimford. Ct.
W. RR. Co.
A.J. Odell. Esq., Sec'y D. L.
Aaron Healy. Esq.. 5 Ferry street, N. Y.
Edwards OdeJl, Attorneys, 52 William street, N.
Cbas.
•!.
&
A
Ten Per
Solid
OLD AND TRIED.
BANKS EVEN,
UKNTKAL U.Ll.NtMs
The old
unmoved amidst the storm.
brittle rteds.
AOKNCY
stands
ABaOI.UlELY SAFE IN
wish Investments
If
you
to Paris
and San
&
STRUET.
No. 33 WAI.I.
TRANSACT A GENERAL BANKING
B(l
Gkant.
g. St. .Tobx StnsTiKLS.
&
Hatch
BANKERS,
STREET
BUT AS1> BELL
BONOS, GOLD, STOCKS, AND
MISCELLANKOUS SECURITIES.
See quotations of City Railroads In this paper
E
23.
Dealings In
Insurance
Uon.
HENRY
F.
9PAIJLDTNG,
President.
B. SHERMAN.
Vice
FKKDEKICK H. COSSITT, f Presidents
C. K.P.BABCOCK. Secretary.
BENJ.
»
EXECUTIVE COMMITTEE:
Cash paid at once for the above Securities ; or they
win hfi sold on commlSBlon, at seller's option.
MiW
YOUK.,
\U Fearl
K. Eno,
Frederick H. Cossltt
Isaac N. Phclns.
Edmund W. Corlles.
BftDJ. B. Sherman.
Banri O. Babcock,
liartln Bates,
BOARD 09 TRUSTEES:
Benjamin B. Sherman
George W. Lane.
Jacob D, Vermliye,
Geo. MarcuUcch MlUei
KoswellSkeul
Babcock,
Bair.ael D.
Jonathan Thome,
Iiaac N. Phelps,
Joatah M.riske.
Cliarles U.
Kdmnnd
Landon,
A. A. Low
Duvld Wolfe Bishop,
W.Corlies.
Kr^aenck Il.Cossut,
William H. Apple ton,
AmoB
Schwab,
DowB,
i>av:d
H.
If
Martin Bates
WiIliRm Allen Butler,
James P. Wallace,
Henry F.
Snsiildlnff
R. A. Lancaster
&
Co.,
BANKERS AND BROKERS,
66 Broadtvajr, New York.
80UTREKN AND MISCKLLANEOUS SECHKITUCB
DouKht and Sold on Commission.
AND KAILKUAO
VIKGINIA 8TATK
A
acalnst
of
Stare of
ilie
rendered
SKCURlTIIlS
Specialty,
liOans Nescotlated.
KlilE
a"id entered at a Special Term of the
In the above-entitled action, on
Supreme Court
the seventh day of November, A.
J)., 18Ti, I, George
TIckuor Curtis, f^eferee. npnolnted tnerein to sell all
and Blugul.ir, the morttjaged premises, franchises
and property, both rcil. per!i.>nal and mixed, mentioned In the complaint In thla action and mentioned In
the said Judp'nont and di-orec, being the same mort-
Intenrfrd sd to be, to the philntlflf, the
Farmers' Loan & Tru t umpanv, by a mortgage bearing date on the fo rthdayof February, A. D., 1874, do
hereby give notice that on the twenry-flrst day of
,Janu^ry, In the year l^?**, at 12 o'clock noon, at the
Merchants' Kxchmge Salesroom, No. Ill Broadway,
In the City of New York, by Bernard Smyth, Auctioneer, 1 shall proceed to seifand (-hall sell at public
auction, to the highest bidder, for cash, the following
f'cHcribed property: .All and singular the raliwayaof
the Buld company, from unn Including Plennonton the
Hud-ton l^Iver, toaiid Including the final terminus of
the .said rallw y on Lake Krle, and the ratlwav known
astheNewburrf Branch, from Newburg to the main
line and also all that part of the railway designated
aathe llufTalo branch of the Erie Railway, extending
from Hornellfivlih! to Attica, In the State of New
York; anu also all ott'cr railways helonRlng to the
compauy In the States of New York, Pennsylvania and
NewdcrBey.orany of them, together with all the lands,
trackf, Ilne»>. rail-*, bridges, ways, buildings plera,
wharves, strucrure?', erections, fences, wall*>, fixtures,
franchises, privileges and rlghta of the said company and also all the locomotives, engines, tenders,
cars, carriages, luols. maciilner
mauufactured or
unmanufactured malerials, coai. wood and supplies
of every kind belonging or appertAlnlig to the t«ald
KaKCrt, or
;
.
company; and
all
toil-'.
Income. Issues and profit*
arising out of paid property,
or recover the same; alao
and
all
rights to receive
all the estate, riglit, title
Interes*, terms and remainder of terms, franrhf8C8, privileges andrliihts of action of wliatsoever
n^me or nature, In law or In eciuUy. conveyed or as-
and
Hlgned unto tlie New York & Krie a;lroad Coniwmy,
or unt") x\\v: Krle il.l way Company, by the Lnion
e Butlalo New York 6t Krle
l;allroad Company, by
L'aliroad Company, by the BulTalo Bradford & PUlsburg Hailrcad Company, ny the Rochester & 6ene<ee
Valley Railroad ( um '>any and by the Long Dock
Company al«o all ana sln^lar the chonea in sction
Ktoeki,
bonds, book accounts,
bills
receivable
and otiicr evidences of iDdebtedness. leasehold estatifl. contracts, and. otber property In the
said
t
;
Hickling,
63 Broadway and 41
New
St.,
N. Y.,
buy and sell stocks from the Indicator on
oent margin.
$25 MarKin, 25 Shares.
$.iO Margin, 5<) Shares.
1
(lOU
Marjjln,
mo bbarsa.
Co.,
Bank or iiambors and
London, (Liimtted.)
HOUSE IN KUKOPK,
International
BEREN BEBG, GOSSLER & CO
rnilN
HAMBUBQ.
Cr^K ECo.
RS
BA
]\
,
OP WALL STREET AND BROADWAT
New York.
COR.
RAILWAY COMPaNV
I
AT THE NEW STOCK IXCHASGE OF
[ohn
l<
&
suie Street
OOKRKtPOXDENTa OF
Ttil^ST
THK
OTIIEUS, defondants.— By virtue of and pursuant to a Judgment and decree of foreclosure and
/•Ni/
sale
said
78
GOSSLER
Transact a General Banking Baslncss, Including
STOCKS, BONDS and OOUI
purchase and sale of
for cash or
on a raargln.
Investment Securities For
P. O. BOX 2,647.
A. M. KiDDSK.
Sale.
W. TmuK
C. "V 3ILc\J.\ijLS, JB.
N. T.
1
per
Judgiiicut mentioned.
Given under my han-l at the City of
sUth day of December. A.
!>.,
York, this
1877.
GEOKGE TICKNOU
TCBNBB, LKK & McCllRE,
New
CURTI-*, Referee.
rtalntiff'H Attorneys,
20 NaiiMQ street.
New York.
Beers, Jr.,
Brooklyn
Stocks,
OAS STOCKS,
»
H
WAIT STHEKT.
OERMAJV-AIHERICAIV BAMH.
OF
;
no,
CUarles G. Francklyn,
Wllllom H. WciilJ,
J. Pierpoat Morgan,
Percy H. t'yne,
Charles Abernethy,
UOfct.HV
BUaTOS,
Street.
(
Amos
Jacob D. Vermliye,
plaintiff,
Stocks,
A SPECIALTY.
STOCKS
i^ur^rcnie
aiihtr zed to act as Executor,
AommistrMtor, Guardian, lieceiver, or 'I'lustee. Likewise, Is a legal depository for mont'y pawl Into Court,
order
or by
of any hurr(»gate. Individuals. Firms and
Boclettes secKlng income from money In abeyauce, or
at rest, will Qua safety and advauivge iu tnisinstitu
^VALL STREET.
66
BITOAD STRSET.
30
R:\ILAVA v.— FORECLOSURE
ERIK
Capital,* 1.000.000 -THK
Conrt
SALE.—
New York.
KAIlMKli^' LOW &
COMPANY,
Is
Bai ley,
S.
.
Brooklyu Securitle* Boagtat and Sold
datt-s.
YORK..
CITY RAILROAD STOCKS & BONDS
A SPECIALTY.
Allows intercBi on dcposUs, returnable on demand,
BROAD1¥AT,
NEW
Geo. H. Prentiss,
O AS
or at epe'-iKed
CO., Liverpool*
H. L. Grant,
Foote,
No. 1% UTALIi
GOVERNMENT
Room
4c
NEW YORK CORRESPONDENTS.
raesurs. AVARD, CAIflPBELL & GO.
BINES
3T0CKS BOUGHT AND SOLD ON COMMISSION
INTEREST ALLOWEDON DEPOSITS.
1li>.
do*
General London and Foreign Banking Basinets.
Company,
BANKERS AND BROKERS,
ANY
Recelre Deposit
Points.
all
BOUGHT AND SOLD.
Grant
CONTINtiKNCY', address, fur circular—*' Actuary of
KAUSAS, MlSSOL'Hl & CENTKAL ILLI NlllS LOAN
A(2£NCV.** Jacksoktii-ije.
Money by Telegra(.h
prove
l.ui.N
Collections on
PRINCIPAL CITIBS IN EUROPE.
Y.
Cent.
Bonds, Stocks, SAVINtiS
the
K. BirrDJLv
&
for use Ofaliift
Execute Orders on the London Etock Szchsiiff««
Make
No. 145
attached, and the Interest Is paid semi-annually, at
the Central National Hank, In New York, aud the
principal, when due, at the name bank. Several years
experience of the firm In loaning has shown these
loans to bo
The Interest and principal have always been paid
when due. wlthont th«- loss of a dollar. Send for full
printed particulars, or call at the New York office
and examine maps and applications for loans In suma
ran^ng from |5U0 to |5.uOO.
COMMERCIAL CREDITS
Grant
CO.,
Transfers of
Francisco.
;
Q/ cAariTf, ftTmUa)>l«
Consignments of Merchandise.
PAKIS,
Keeotla
tors of Loans, Cornlnt. Iowa
and 195 Broadway, Western Cnlon IJIdj? N.^ ..make
loans on the best Improved farms In Iowa, at 8 t» 1
per cent Interest. Always first liens and Improved
farms
never exceeds one-third the cash value
The bonds have coupons
cf the land alone.
And on
/>*<«
Id all parts of the world.
KING, RAILLIE
65 Pine Street,
ROW, BANKERS and
,
Co.,
,
and Current Accounts on favorable terms, and
P. Ct, Interest DKAW BIOUT A TIME BILLS on the UNION BANK
LONDON,
Iowa Bonds & 3I(jrlgag<'s
GKO. W.
»
45 Pall iQalU London, EoElAnd.
IssneCLUCULAR NOTES
Jtt.
All these loans are carefully made, after personal
Inspection of the security, by members of the above
firms, who, living on the ground, know the actual
Talue of lands and the character and responsibility of borrower!*, and wlM>se experience In the business for the past SI.vTKKN VKAUS has enabled them
to Klve entire satisfaction to Investors.
Unusual facilities offered for ttio prompt collection
of defaulted municipal bonds.
810
NASSAU
No. 5
&
King
S.
UA N K BR
to
Uiruugh the houses of
BURXIIAH, riiKVKTT* MATTIS, ChampaIgH,
BdRSllAM <» riLLHrX, Voxmcll lUnir», lowa.
BVItXUAM <t BurHR, (Jrlnntil, loxca.
Henry
BANKERS.
i:
COUPON BONDS,
Financial.
HATCH,
FISK &
A. C. Burnham,
(E8tat)ll>bcd 18«1.]
REAL
Hi
FORSTER
& CO.,
Anstln, Texas.
TcXAS FARM MOKTGAGES A SPECIALTY,
10-12 per cent Interest, parable In New Tork semiannually. Absolutely safe loans made on property
worth, St present lov valuations, 3 to 5 timea the
amount loaned. Titles perfect and property Tliltad
cited,
peraonally. Correspondence solicited.
CoUecllenB made and promptly remitted for.
W.
A.
JA8. CAXzaoir.
ETAKS.
W. A. Evans &
Co.,
DEALERS
IN STOCKS,
38 Broad Street and 34 New Street,
NEW
rORK.
on one per cent margin.
Commission 116 of one per cent on 10 iharei and
All active Stocks dealt In
''pv ards.
ISAAC SMITH'S UMBRELLAS.
BUPEIUOK SINGHAM
GOOD
Sll.K
I'ATKNTKl) OirAN'ACO
hX. gWAL, LEVANVINB BILK.
M
J»
10)
tl
_
8
M
;
GHEOJ^IGLR
a^HE
It
Finaacial.
Financial.
lyAXIONAl, BANK-NOTE COMPANY
New
rork, January
15,
1878.— At an election held th's
i&y,
JOHN
H.
VAN ASTWKBP,
West Chicago,
of
llie
Company
for the
Board,
re-elected.
JNO.
E.
CURRIER,
Secretary.
TTNION XKDST COMPANY OF
YORK,
NEW
Broadway, Cobske of Rector Street,
IS
Naw York, January 16, 1871— At
held on the 15th
lust.,
the annual election
:
JAMES N. PLATT,
JAMES M. MoLEAN,
AM ASA J. PAViKER,
HATS,
WILLIAM WHITEWBIGHT,
HENRY STOKES,
E. W. LEAVENWORTH,
8. T.
the
Company, and
for the purchase of the itondsof the following CompanleB, to wit:— The Eric & Niagara Kallway Company, the Canada fc'outbern Bridge Company, the Toledo Canada Soutnern & l>ctroU Itallway Company, and
the Michigan Midland &. Canada Hallway Company, Is
now perfected— particular Information In respect to
which will be given on application to this Company.
Holders of the Bonds of the above-named Companies arc requested to present the same as early as
possible, at the otflce of the Company, and receive In
exchani^e certlflcates of this Company, to be coumerslgned by tne Union Trust Company, under which
new bonds will hereafter be Issued by this Company,
as provided for in said plan.
J. TILLINGHAST, President,
Bonds
^•lANABA
RAILWAY
New York,
SOtlTHERN
Vj company, no.
13
Wmiam
etreet.
>
January
8.
fAIRCHILD,
SA.\1UEL F. B.iUGER.
1378.
f
NOTICK TO BONDHOLDERS.
INSPECTORS OF ULECTJOy.-
M. K. Jesup, Paton & Co.
OKAS. A. TOWNSEND,
WiUiam Street,
NEVr YORK.
No. 62
EDWAKIJ KING, President.
JAMES H. OGILVIE, Secretary.
NATIONAIi
BANK, Nkw
Yoi:k, January u, 1878.— At the annual election held on the 8th Inst, the following*
named gentlemen were elected Directors for the en-
sQlng yeir,
Draw Exchange on Union Bank
L.
zantlle
Firms received upon favorable terms.
and sold on Commission.
Act
fifty
expenses have each year exceeded, by more
per cent, the amount required to pay the
on
interest
its
First
Mortgage Bonds.
The sinking
fund provides for the drawing by lot of four per cent
in 1879,
the
and
five
security
per centannnally thereafter. Thus
being constantly strengthened
is
and the probability that some of the Bonds
held by each person will bo drawn and paid off
at par in gold is annually increased. The Bonds
are now offered for sale at 67)tf per cent and accrued interest, at which rate they yield eight per
cent gold interest.
WALSTON
H.
BROWN &
URO.,
34 Pine Street.
Moller
24
Co.,
Ik
NEW ¥ORK,
NASSAU STREKT,
DEALERS IN INVESTMENT SECURITIES.
We Now
Counties.
Ofiert
Cincinnati City 7 3-:0 Currency, and Gold 6pcrct. bds
Et. Louis, Mo., Gold and Currency bonds,
Cleveland, Ohio, bonds,
Jersey City Bonds,
Rabway, Elizabeth and Bayonne bonds,
Georgia State bonds,
New Haven, Conn., 5 per cent bonds,
and other desirable and safe Investment bonds of
Cities, Towns and Counties, paying from 7 to 9 per cen t
ILLINOIS CEN-
Interest
collected
and
ISO Pearl Street,
No. 7
Co.,
6c
New York,
AGENTS PCS THH
LONDON ANO H,kNSEA'riC BANK,
flylMlTunl. -LONDON.
STOCKS
stock of this Company, as registered at the close
Of the i2th day of February next, after which, and
until the 4th day of March, the transfer books will be
L. V. F. RANDOLPH, Treasurer.
closed.
BONDS
and
Ital
HE LAKE SHORE & MICHIGAN
SOUTHERN RAILWAY C IMPANY TeeasueGrand Central Depot, New York,
HE'S Office,
At Auction.
anderflgnerl
Transact a General limbing HusUiess.
STOCKS, BONDS and GoLLJ itoueut and bold OD
CommiBslon, and carried on Margiaa.
Depoalta Received nnd Intt-retit AllowHa.
lar Accounts of Country Bins* -ju Bankers received on favorablw termB.
iVAXTED;
Alabama, South Carolina Al Louisiana
State BouUs;
New Orleans Jackson ic (wt. Nortlieru.
]TIiKsisslppi Central, and ffloblle
REQULAK AtJCTIOK
hold
SALES
STOCKS
or
all
Oliio
Uailroad Bonds
;
City of New^ Orleans Bonds,
I^EVY
classes of
A1VI>
Stone,
oc
BANKERS AND BROKERS,
NEW STUSiET, NEW VORK,
&;
The
solicited.
Trask
also as Transfer Agenta.
G. Amsiiick
TRAL RAILROAD CO., SI Nassau street, New
York, January 17, 1878.— A dividend of THREE PER
CENT has been declared by this Company, payable on
the let day of March next, to the holders of the cap-
1877.—The
all
than
remitted.
a meeting of the Dlr.ct.ira held this day GEORGE
BENKY was elected President.
GEO. J. McGOURKEY, Cashier.
& BORO,
BOKDS,
36
WALL
STttfiET.
DIRECTORS
of this COMPANY have this day declared a Dividend of
upon
Its
Capital
CENT
Stock,
PER
payable on the
lit day of February next, at the Office of the Company In Grand Central Depot.
E. D. WORCESTER, Treasurer.
21,
over
Correspondence
Dividends, Coupons and
At
December
these years of business depression the net earnings
as agents for Corporations Ih paying Interest
Coupons and Dividends, and
WILLIAM H. LEE.
CHARLES ABERNETHY,
ROBERT B. MINTDRN,
ELLIOT C. COWDIN,
GEORGE I. SENEY.
OFFICE OF THE
The road has beon com-
pleted and running abotit five years; and during
Interest.
PIERSON,
SOLON HUMPHREYS,
HENRY A. HURLBUT,
AUGUSTUS C. RICHARDS,
ISAAC H. BAILEY,
I.
of London.
AceouDts and Agencies of Banks, Bankers and Mer'
Bonds, Stocks, Commercial Paper, Gold, &c.* bought
viz.
HENRY
Yankton, the capital of Dakota, a
distance of 62 miles.
Negotiate Loans for States, Cities and
EDWARD SCHELL,
WHEELER H. PECKHAM,|
HE METROPOLiITAN
OuUtanding
per mile of road.
City, Iowa, to
PLAN ofFORabove-named
THE E:XCH4IVGE
of the
nolo
The Dakota Southern Railroad rsns from Sionx
The scheme presentea for the funding of the Bonds
of the Company has bt-en accepted by a large majority of the bondholders. In order to perfect tbe same
and to deliver th-i new Bonds wiih the proposed
guaranty to ihose wh.> have already deposited their
old BouUs and to those who may desire to come In,
It Is necessary that thf Bonds now outstanding should
be presented at the otH'^e of the Company on or before the first day of February nest, so that the same
may he exchanged for tie cerilflcatesof the Company,
to be countersigned by the Union irust Company.
Itfsexiected that tlie prompt compliance by ihe
bou'iholders with this notice will enable the Conipany
to complete tiie ssue of the new BonJs on or before
the fifteenth day of March next.
J. TILLINGHAST, President.
AUBUSTUS SCHELL,
C.
L
the following-named gentlemen
were elected Trustees
I).
''PUB
Amount
$E53,C00, being at the rate of only t9,000
Canada SorrnKRN Railway Company,
No. 13 William Stbeet, New York
November 10. 1877.
JOHN 11. VAN ANTWERP, President,
JAMES MACDONOUGH, Vice-President,
AUGUSTUS D. SHEPAKD, Treasurer,
JOHN E. CURRIER, Secretary,
were unanimously
Original Issue, $600,000;
Broker, 20 TTall Street.
ensuing year.
At a subsequent meeting
Dakota Southern RR.
111.,
A LIMITED AMOUNT FOR SALE BY
I», S. GRBENEBATTIfr,
DONALD MACK AT,
OEORaE W. HAWKIKS,
this
Financial.
PARK SEVEN PER CENT BONDS, FIRST MORTGAGE 7 PER CENT
GOLD SINKING FUND BONDS.
Due 1890.
JOSEPH W. DREXEL,
AUGOBTCS D. 8HEPARD,
WILLIAM A. BOOTH,
JAMES MACDONOUGH,
were duly elected Trustees of
fVoL. XXVI.
TWO
UNITED STATES CIRCDIT COURT,
SOUTHERN DISTRICT OF NEW YORK.— Ic
EQulty-Betwcn JOHN G. STEVENS and others
Trustees, Complainants, against the NEW YORK &
OSWEGO MIDLAND KAILROAU COMPANY, and
others, Defetiilants.
Notice Is hereby given that the sale of the property
of the defendant. " the New York & Oswego MIdlanQ
Itallroad Compauy, " heretofore advertised to take
filace on Friday, the nth dav of January, A. D.
878, at >2 noon of that day, a"t the Wlckham Avenue Depot of said railroad company, In Mlddletown
In the County of Orange, and State of New York,
has been furtuer adjourned to FRIDAY, the "STH
DAY OF MA1.CH, A. D. 18.8, at the same time and
place.
New York, January 11, 1878.
KENNETH O. WHITE,
Alzxaxdsr & Green.
Dated
Master.
Complainants* Solicitors,
120 Broadway, New York.
A. H. Brown
&
Co.,
Bankers and brokers,
T TTaU St., Cor, New, New York.
INVEbTMENT
eECtTRITIES.
Special attention to l)iMineB8 of country banki.
Albert E. Hachfield,
WEDNESBAYS AND SATURDAYS.
ADRIAN H. MinLLER &
No. T
PINK STREET,
NEW
18
YORK.
NINE PER CENT
REAL ESTATE FIRST MORTeAGES
Principal and Interest Kuaranteed.
apply to
GREGORY &
SOUTHERN SErVRITIES.
So. Carolina, Louisiana, Georgia and Alabama Bonds,
Cltlea of Wilmington, Charleston and N. Orleans Bds,
Cities of Memplils, Nashv'c, Vlcktburg & Mobile Bds,
Atl. & Gulf kii. Bonds. Idemphls & Cliarl. UK. Bda,
Texas I'aclflc RR. Bonds. Ml»»l88lDpl Central Bonds,
Houston & Texas Central Railroad Bonds,
Georgia UK. Bonds, Georgia Central UK. Bands,
Loalrvlle & Nashvl Ic UK. Bonds and Stock,
MacOH & Brunswick !in<l No. Car. B'ds to No. Car.RR
Mobile & Ohio and .N Orleans Mob. & liatt. KK. Bds.
So. Oar. KR., Northeastern Ret., Ala & Chatta. Bonds,
And all other Southern Securities which arc salable.
Bought and Sold by
a. UXIiEY, 31 Pine St., N. If.
Wm,
Uailkoad Bonds and
Southern SKf^uRiTiES op
ALT. DESCRlPTrONS.
W^ AN TED.
Southern Railroad Bonds, all kinds,
Toledo Logansport & Burlington Bonrffl.
Kansas I'acIBc Railroai; iiomls.
West Wlticonsln Kailroal Bonrs.
All bonds guaranteed by Eile Harrcad.
solicited.
CH iS. GREGOItV,
M iTUKLN BALLOH.
Member New Torfc stock Exchange.
.
DEALS IN
TnTestment Securities,
CITT BONDS OF ALL KINDS.
Ffa-st-CIas8
For paitlcQlars
BALIiOV,
6 Wall Street, New Vork.
We also BUT and SELL, on COMMISSION, STOCKS
BONDS. GOVEIlNMENT SECUUITIES and GOLD.
Correspondence
STREET, NEW^ YORK,
WAI.I.
SON,
(
G. T.
Bonner &
Co.,
BANKERS AND BROKERS,
No. 20 Broad Street, Ne%v York.
TTANTED
:
Maspachnsetts State 5s. ISJil, Bounty Loan.
Michigan State 7 for Cout itoddn. due 18»,>.
I.lale Miami Kallroad First Mort^jagc Honrts.
Houstoa cSt Texas Cvnt. Kit. 8 Per Ceut Consol. B'ds.
FOR
sale::
New York City Cent. Park quarterly Ss, due In 1887.
Louisville City 6 and 7 Per Cent bonds,
.lersey CUy 7 rer Cent tlonds.
Interuatlonal Kallroad ; Per Cent 1st MOrt. Bouit,
:
j^xmtlt
HUNT'S MERCHANTS' MAGAZINE,
REPRESENTING THE INDUSTRIAL AND COMMERCIAL INTERESTS OF THE UNITED STATES.
VOL.
SATURDAY. JANUARY
26.
CONTENTS
Failures
I
51
|
53
|
and
St
66
Miscellaneous
News
5.3
58
|
THE B.\NKERS' GAZETTE.
Honey Market, V.
S.
Securities,
Railway Stocks, Gold Market,
rorciim Exchange, N. T. City
Banks, National Banks, etc
I
i
60
|
Qnotatlons of Stoclcs and Bonds.
Local Securities
Investments, and State, City and
Corporation Finances
6.3
64
65
THE COMMERCIAL TIMES.
Comnercial Epitome
BSIDrrOoods
Cotton
69
73
Brcadstufls
74
74
75
Imports and Exports
|
Prices Current
®liu €l)xonxc\t.
The Commercial and Financial Chronicle
day morning, with
the latest
news up
to
is issued on Saturmidnight of Friday.
TERMS OF SUBSCRIPTION-PAYABLE
For One Year, (including postage)
ForSixMonths
Annual subscription in London (including
Six mos.
do
do
IN
ADVANCE;
$10
20.
6 10.
£2
postage)
do
1
58.
6s.
Sabscriptions will be continued niitil ordered stopped by a wrilten order., or
at the piidlicution office. The Publishers cannot be responsible for Remittances
unless made by Drafts or Post-Oftice Money Orders.
London
The London
office of the
where subscriptions
Street,
Office.
Chronicle
will
is at No. 5 Austin Friars, Old Broad
be taken at the prices above named.
AdTertiiiements.
Transient advertisements are nublished at S5 cents pei line for each insertian,
but when definite orders are given for five, or more, insertions, a liberal discount is made. No promise of continuons publication 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.
wiixiAM B. DANA,
WILLIAM B.
& CO., Publishers,
JOHN G. PLOYD, JB. f
79 & 81 WUiiam Street,
YORK.
Post Ofpick Box 4,592,
DANA
/
NEW
A neat flle<over
is furnished at 50 cents; postage on the same is 18
Volumes bound for subscribers at $1 50.
I^F" For a compl te set of the Commercial and Financial CnnoNiCLE—
July, ISIS, to data— or of Hunt's Mekcuants' Magazine, 1839 to 1871, inquire
trV
cents.
Committee of Ways and Means the consoliwhich they will then have agreed upon. We
have been favored with a copy of the preliminary draft
of the Internal Revenue bill, so far as it had then been
completed. It is elaborate but incomplete. No new
taxes are inserted, none of the existing taxes are
given up, and none are modified except in the
methods of collection.
The Commissioner of Internal
Revenue
appeared
on
Thursday before
the Internal Revenue sub-committee, which consists of
Messrs. Tucker of Virginia, and Burchard of Illinois,
and urged them not to concede the demands of tobacco
and whiskey for an abatement of the taxes on those two
commodities. Several memorials have been presented
during the week to this sub-committee in favor of a
repeal or abatement of certain other internal revenue
dated
street Morals..
Latest Monetary and Commercial
English News
Commercial
NO. 666.
1878.
sent to the
THE CHRONICLE.
A Glimpse of Wall
Congress and the Rcgonrccs of the
Treasury
Great Britain and Prance— Their
Interests in Northern .\rrica
The Movement of Mercantile
19,
at the office.
bills
In a financial point of view the most impor-
imposts.
tant of these memorials
is
that of the
American Bankers'
Association, which was presented and placed on
file last
Tuesday by the Chairman of the Committee. This
document has attracted, iu banking circles and among
the commercial community, considerable attention.
It
was adopted by the representatives of the banks of the
Southern and Western States, who held a convention at
St. Louis a few days ago, on behalf of 6,139 banking
institutions in the United States, of which about 2,000
are national banks, and the remainder are private
bankers.
State banks, savings banks, trust companies,
and other
joined
is
institutions
doing a banking business.
Sab-
the essential part of the memorial
In comlug before your honorable body to ask a modification of
law, 80 far as it pertains to tlie taxation of banks and bankers, we are not unmindful that the necessities of the government
are iit this time such as to require it to reach every proper eource
COfiGiiESS A.NI) THE RESOURCES OF THE TREASURY.
of revenue.
But let it be remembered also that banks are a
recently called attention to the important work necessity of every commercial nation, and that bank taxes have
been found mischievous to business by enhancing the rates of
which the Committee of
and Means and its sub- interest, and by weakening the stability of our financial
and
committees on Revenue Reform are busily carrying on indastrial system in driving capital out of the banking business.
In the report of the Comptroller of the Currency for 1877, pages
in the revision of the customs and internal revenue
38-34, it is proved that the loading of taxation noon banking
laws, so as to simplify and consolidate them and to prc- capital in the United States aggregates a percentage upon the
employed greater than the average rate of interest current
mote greater economy and efficiency in those depart- capital
in the leading countriris, with which we are forced to compete in
ments of the revenue service.
the
general desire prevails
Btrusrgle for commercial life an prosperity.
the necessities of the government are so great, we only ask
among the commercial community to know when the to As
be relieved from the tax on bank deposits. No other business
sub-committees will be prepared to report, and we have bnt-that of banking pays a tax on its indebtedness.
ask that
made special inquiry at Washington on the subject. It the banks shall be relieved from this anomalous tAZ, which,
prior to the war, was never levied in this or any other country.
does not seem as yet to have transpired whether the
base our claim for a repeal of the tax on deposits upon the
Committee of
and Means will report to the House following substantial grounds:
First That it is contrary to the fundamental principles of
of Representatives an internal revenue bill separate and taxation, In that it taxej debts instead of property. Deposits are,
in their nature, a pure liability, and it is absurd to make any one
distinct from the bill revising the tariff.
are inrespectfully submit that
a tax on his indebtedness.
Say
formed, however, that both sections of the work are far
auking deposits are a debt from the bank to its depositors, and
that
advanced, and the members are of opinion that within it is a universally recognized principle in all other taxation
debts are not only themselves untaxable, but they are allowed to
a few days the sub-committeo of five will be able to pre- be deducted from taxable assets of like character. In accordance
C9~ The Bnsinesa Department of the CintoincLB is represented
Financial Interesta In New York City by Mr. Fred. W. Jones.
among
tlie
We
Ways
A
We
We
Ways
—
We
We
THE CHRONICLR
52
with this principle, it is required under State laws that the depositors in banks shall list their deposit balances and include
them for assessment under the head of "money and credits
owned by them."
Second That the law imposing a tax on bank deposits is not
only bad in principle, but its practical operation leads to a perversion from its true intent, in that it taxes the same deposits
several times over, and also taxes that part of the deposits which
the banks are by law compelled to hold as a reserve. We desire
to call the attention of the committee to the evidence on this
subject given by the Comptroller of the Currency as to the
national banks; those of the State and private banks are not
accessible in an authentic form, though it is presumed that the
results would be found similar if the statistics could be compiled.
The Comptroller's report shows that the national banks
—
owe
their depositors 616 millions.
If we deduct the Clearing
House checks as nllowed by law, 74 millions, the net deposits
taxable under the law will be 542 millions. Here the tax, if a
just one, should end. But the same report shows a liability due
to banks and bankers of 161 millions, upon which the tax of
one-half per cent is again imposed; but this sum of 161 millions,
however, being merely a re-deposit of banks and bankers with
each other, is a portion of the 543 millions due to depositors.
In equity, these 161 millions should be free, having once paid
the tax; but practically they are not free, the tax being again
exacted thereon.
Moreover, the banks are reported by the Comptroller to hold in
cash 141 millions, or more than one third of the net deposits of
543 millions. The cash so held is the source of no i>rofit, but on
the contrary it is the object of constant risk and care. For these
and many other reasons, we Bul)mit the proposition that deposits
•which are not the source of profit, fhould not be taxed, even
were the principle of taxing the deposits admitted to be correct.
It is, however, impossible to continue this vicious and ruinous
tax without working serious harm, both to the banks and to the
trade and industry of the nation.
Third. That the tax on bank deposits is a part of the war
excise, from which nearly every other interest has been relieved,
and which now operates in its effects upon banks to enfeeble an
interest of great importance to our industrial and commercial
system.
Fourth That the people of the United States, we bslieve, are
in favor of granline the relief we ask. This is evidenced by the
petitions to this effect signed by more than 50,000 voters, which
petitions were presented to the House of Representatives and
referred to the Committee of Ways and Means, last winter, and
now rest among the archives of the government.
In presenting these claims for relief, we beg to remind the
committee that the burden we seek to remove bears alike upon
State banks, savings banks and private bankers, as well as
national banks.
—
—
[Vol. XXVI.
required by law to be provided for that fund. In view
of this statement, which is officially made on page 8 of
the Treasury Report for 1S77, it is contended with much
force that if the banks can prove that the repeal of
the
bank tax on deposits will be a signal benefit to commerce and trade, and will confer advantages on the
many
country
remitted,
times
greater
than
the
revenue
no considerations connected with the sink-
ing fund should stand in the way of this imperative
reform.
have often demonstrated the inexpediency
We
bank taxation. The United States is the last country in the world that should attempt any such methods
of
of raising a
revenue as fetter business and cripple
In a new country where capital is
so scarce in comparison with the vast fields which invite
its remunerative employment, a tax which, like this,
monetary
activity.
movements of
disturbs the
capital
and lenders is peculiarly onerous.
we
between borrowers
The bank-deposit
tax,
almost the only tax on the United States
statute book which is not to be found in any other fiscal
system in the world.
have no doubt that this fact
will be duly considered by the Committee of Ways and
believe,
is
We
Means, in connection with the notorious evils already
produced by the bank-deposit tax, and the greater evils
with which, in the critical condition of our industry and
finance, the country is threatened hereafter.
GREAT
BRITAIN
—
AND FRANCE
THEIR
NtlBTUERN AFRICA.
INTERESTS
IN
It is not possible to predict as yet
with safety what
the effect of the present war on the different
European powers. To many of the powers the existing
may be
arrangements
are in
the
last
degree unsatisfactory.
The ambitious
aspirations of Russia, in spite of her pretensions, professions of benevolence and disinterested-
In support of this memerial, an argument is to be
week on the part of the American Bankers' ness, are well known. Germany, notwithstanding her
Association, according to appointment.
Whether the great successes in recent years, is ill-satisfied, and, while
offered next
be successful, remains to be she looks with covetous eyes on the German provinces
we think the banks of Austria, seeks to expand herself, to the detriment of
•will find opposing them are two:
the necessities of the Denmark and Holland, to the Atlantic seaboard. Austria,
Treasury and the clamor of other interests for relief fearful of the consequences which must result from the
effort to obtain relief
The
seen.
"vrill
chief objections which
—
The Secretary of the Treasury, in dismemberment of Turkey and the partition of her terfiscal burdens.
a conference with the committee on Tuesday, intimated ritory, clings tenaciously, in spite of accomplished facts,
his opinion that he cannot spare any of the revenue to the provisions of the Treaty of Paris.
Italy looks
yielded by the present tax system. His views are echoed with greedy eyes across the -lEgean Sea; and, in the
by the Commissioner of Internal Revenue. The Secre- event of the collapse of the Turkish power in Europe,
tary says that during the present fiscal year, on the she will most undoubtedly assert her claim for the posexisting basis of taxation, the Treasury will be able to session of the Albanian coast. France is not yet in a
apply to the sinking fund no more than twenty-six mil- position to court or provoke war, but, in certain confrom
lions of
dollars,
amount
called for
ing fund law.
instead of $37,196,045, which
by a
literal interpretation
is
the
of the sink-
It seems, then, that if the request of the
banks, the Chambers of Commerce, the Boards of Trade,
and the 50,000 voters who have recently petitioned for
bank-tax repeal, should be granted, and if, in conse-
quence, the Treasury should give up the six or seven
millions of revenue now derived from bank deposits, we
tingencies, she will assert her right to the possession of
any emergency, abnegate her
powwithout revealing her temper and probably her
Belgium; nor will she,
in
position as one of the chief of the Mediterranean
ers,
strength.
It is this peculiar condition
of things
conflict of interest, this chaos of sentiment, as to
should be
— which
explains
and inaction of the British
—
this
what
what seems the indecision
Government in the present
should only be able to add twenty millions to the sink- grave crisis in the affairs of Europe.
ing fund for the current year.
Within the past few days a new feature has been
But $20,000,000 for the sinking fund, it may be given to the Eastern question by the unexpected anxiety
argued, is as much as during the present critical year which, according to report, France has evinced regardthe nation ought to endeavor to pay from surplus taxes. ing England's occupation of Egj'pt. It had been the
The
Secretary of the Treasury states, in his report lately general opinion that in the event of England finding
herself isolated, by the openly avowed sympathy of
presented to Congress, that the sinking fund, by a literal interpretation of the law, ought now to have reached
the amount of $475,000,000. But during the period in
question we have paid off $096,000,000 of the public
debt, or more than $220,000,000 in excess of the amount
Germany with
Austria, and
Russia, by the compulsory inaction of
self-interested policy of Italy, she
by the
might count with confidence on the friendship and cooperation of France. The tendency of some recent cable
;
Jajtoart
THE
10, 1878.J
CHRONlCLfi.
53
common understanding as
to the relations to be sustained
immediate neighbors. It might be necessary in
from England regarding her intentions towards Egypt. the event of the collapse of Turkey in Europe, to take
The answers, it seems, were so far satisfactory. Eng- these States under their protection, or to occupy and
land had no immediate intentions regarding that coun- divide the territory. It is not at all impossible that
(lespatclics
France,
try.
has been to create a contrary impression.
told, has demanded explanations
wo have been
At
all
to their
events immediate action was not medi- these questions are already commanding attention at
we were again told, has, from her head-quarters in both countries, and that views are being
France,
tated.
London, issued circulars to all the French
consuls in Great Britain and Ireland charging them to
report exact information concerning the popular feeling
on the Eastern question and intervention. This news
comes to us through a special channel the same channel which more than a week ago brought us informstion
embassy
in
courted,
if
not yet exchanged.
We
can see nothing
the present condition of Europe, nothing in the
immediate future of Egypt, which is likely to array
in
France on the side of the enemies of England. All
present appearances indicate that a truce will soon be
agreed upon, that diplomacy will take the place of the
Confirmation of the sword, and that some of the powers, at least, will have
of the conclusion of an armistice.
news regarding the armistice has not yet reached us to remain contented with things as they are, until another
neither has there been any confirmation of the rumored war epidemic gives them their opportunity.
The presumption is
action of the French Government.
if
any, foundation in
has
little,
affair
that the whole
THE MOVEMENT OF MERCANTILE FAILURES.
why France
reason
no
good
really
is
There
fact.
—
should object to England's occupation of Egypt. That
she has interests there, we do not deny. In Alexandria
The
report of commercial disasters for the past year,
compiled by Messrs. Dun, Barlow & Co., is more
and in Cairo there is a large French population, all than usually interesting, not only from the fact that the
of which recognizes the authority and claims the
condition of business is more anxiously watched than it
protection of the Home Government. The interests of
was while everything seemed prosperous, but also
the French residents in Egypt would not suffer from tlie
because the last three months have produced a noticetransfer of the supreme authority to the British Crown.
ably large number of failures. For the four quarters of
On the contrary, the reasonable presumption is that the the year 1877, the totals were $54,538,074 $45,068,transfer would be to them a positive gain; for they
097 ; $42,346,085 ; $48,717,680. The last quarter thus
would share in the general confidence and the general
turned sharply away from the decline shown in the preIt is not denied that the question of
prosperity.
ceding quarters, and gives a very heavy increase, also^
supremacy in Egypt has, on more than one occasion,
as compared with the fourth quarter of 1876, when the
been the cause of trouble between France and England.
The quarter just
total liabilities were $34,844,986.
Napoleon recognized the importance of Egypt; and the
concluded is nearly IJ millions greater than onefailure of his expedition, and the final expulsion of his
third of the total for the previous nine months, and
troops from that country, created at the time a feeling
although during the latter period there was a decline of
From that time down to the final set.
of mortification.
495 in number, and $4,320,000 in amount, as compared
tlement of the difliculties between the Viceroy and the
with 1876, the last quarter fell only a little short of
as
:
Sultan,
by a general treaty
of
the great powers in
1840, jealousy, sometimes threatening to break out into
;
extinguishing this favorable comparisvc; yet there
ia
consolation left in the fact that the total for the year
open ho3tilities, existed between the two countries.
does show a decline as compared with 1876, although
Great changes have taken place during the last forty
small, being 220 in number, and $447,850 in amount.
years
and the necessities as well as the pecuniary
As to average liability, the following is a comparison
interests of England in Egypt, are recognized by all
for five years, tlie first line referring to the entire counnations, France not excepted.
second to this city only:
We shall not be surprised at all to learn that the cor- try, and the
respondence between the two governments if, indeed,
1876.
1875.
1874.
1877.
1873.
No. Av'ge No. Av'ue. No. Av'ge. No. AT'ge No. AT'ge.
there has been such correspondence has had relation to
;
—
their
common
—
interests in the north of Africa.
since 1830, has been in possession of Algeria
1
France,
—a country
Un'td states 8,872 $81,491 9,092 $21,020 7,740
N. York City. 8t5 38,71S 887 37,479 651
$S5.9fiO 5 880 $96,657 5,183
61,769J
M5
50,510
$44,CW
64« 143,843
It appears from the above comparison that the numMorocco on the west and Tunis on the east, covers an ber of failures was larger in 1877 than in any year of
area of over 150,000 square miles, and contains a pop- the five, except 1876, and that, on the other hand, the
ulation of nearly four millions.
It is undeniable that, average liability was the smallest during this time, with
although it has been at the cost of much suffering on the the same exception, there being a very slight increase in
part of the native population, and at a large sacrifice of that particular over 1876. The like movement appears
life and money on the part of the ruling race, the on examining the figures for this city alone, but the
French establishment in Algeria has been a powerful exception noted for last year, as compared with 1876, is
agent for good in northern Africa.
Through that too inconsiderable to affect the truth of what we have
establishment, France is destined to play a prominent repeatedly pointed out heretofore, the increase in numpart in the future development and civilization of the ber of failures and decrease in their average amount,
African continent. England in Egypt would be a great thus showing the weakening, as well as widening, effects
rival to France in Algeria; but their rivalry would find of the present disasters, just as the circles a stone makes
expression in development and expansion in and over in water move.
regions which are widely apart. Between them are the
The detailed table is given below, the totals for 1873
extensive territories of Tunis and Tripoli, both of which and 1872 (which we do not insert in detail) being thus:
are still subject to the suzerainty of the Porte.
We can —1873, 5,183 failures in number and $228,499,000 in
well imagine that in the event of Great Britain taking a amount, in the United States, and 994 and $12,334,192
decided step in the direction of Egypt, it might be for Canada; 1872, 4,069 and $121,036,000 for the United
necessary for the two European powers to come to some States, and 726 and $6,454,525 for Canada:
which, stretching inland from the Mediterranean, between
—
...
..
THE CHRONICLE
54
FAir-URES
FOR
1877, 1876, 1875. 1874.
[Von. XXVI.
belief that it is not from need of money that the country is suffering. It is a
favorite argument in certain quarters that if Congress would
create ' more
money, the failures would be less. The facts warrant no such conclusion ; on
the contrary, a decision in a precisely opposite direction is reached by an
examination of the above table. It would be equally good logic to say, that
as the currency to everj; trader in the West averaged only $281, and only one
in every eighty-five failed, so, because the currency in the Eastern States
equaled $1,450 for each trader, therefore one in every fifty-eight succumbed
in other words, that because the circulating medium is five times more plentiful for each trader in the Eastern States than in the Western, the failures
should be twenty-five per cent greater. No one thinks of urging such a preposterous proposition ; yet it is not more unreasonable than t't allege that
failures will be checked by an issue of more money. The fact is that the chief
cause of the numerous failures is that too much money was available in the
past. The startling failures in most cases are not caused by recent transactions, but by departures from legitimate business principles in the time of inflation."
'
St&tes and
Territories.
Amount.
No.
Sast'n plates.
Maine.
Haseach'setts
Boston City..
Khode Island.
Connecticut..
AmouDt. No. Amount.
No.
149 $2,037,400
70
762.728
96
738,2tJ9
480
6,659,054
130
6,469.400
114
3,599,607
314
5,821,649
N.Hampshire
Vermont
1874.
1S75.
1876.
1877.
84 $1,063,000
266,000
32
36
380,000
73
63
$1,537,500
1,076,400
772,700
772
27,494,913
416
10,600,000
106
6,-)81,696
191
2,851.926
71
151
1,250,000
2,286,000
37,657,068 1,335
40,015,161
790
15,845,000
138 $1,916,450
:59,25-.
48
73
1,410,930
462 12,994,829
il58 10,510,000
138
6,079,056
197
4,186,548
Tot. E. States 1,363 25,088,007 1,314
130
Amount.
No.
J
Middle States.
New
York.... 1,012
N. York
866
City.
New Jersey
IVJ
.
Pennsylvania.
63'<!
Phila.City....
175
15
129
44
Delaware
Maryland.
Dis.Columbia
.
15,994,846
32,490,954
3,318,9^8
15,540,796
4,946,443
198,000
.
South'n States
Va. A W. Va.
138
19
145
18
77,173,750 i,909
73,244,681 2,5 ;o
1,090,100
169
70
66
1U3
N.Carolina...
8. Carolina...
Georgia
1,312,705
433.569
1,168,501
1,181,631
149 OOO
690.000
1,079,986
893,519
1,890,696
270,775
6,994,428
1,201,110
11
Florida
41
86
Alabama
—
Mississippi.
Louisiana
Texas
Arkansas
Kentucky
.
61
13b
iU
•m
91
Tennessee....
706 11,920,822
951 49,a63,667
19,311,9.33
33,544,018
134
2.273,141
10,731,880
(683
4,281,4S5
21
£09,600
107
2,104,63;
18
87,977
3,603,6.34
Tot.M.States. 3,049
993
887
;b»
545
172
573 10,595,000
645 82,580,000
2,830,48-.
146
3,854,!.00
18,247,872
641
34,7!4,000
259,500
9,084,690
164,924
HI
110
18
678,000
1,691.000
266,000
91,771,960 2,163
84,033,000
111
l,.614,00O
ViS
66
3,296,307
928,4-29
56
131
14V
14
51
81
3,351,239
994,918
1,503.114
8,110,145
121,000
771,821
738.2)8
2,781,043
6,128,464
61
118
80
1,4M,143
68
16i
1,900,515
268 257
6.659,247
2,229,553
250
12b
89
•ib
S41
168
2i2,8l)0
14
542,000
1,531,000
1,845,000
293,000
43
66
99
142
1,655,000
4,429,000
2,201,000
31
143
136
1,118,100
913,566
2,937,654
2,495,849
391,300
3,669,753
1,121,839
22
406,0110
167
94
1,879,000
1,585,000
23,083,260 1,207
26,045,143
998
18,743,000
166
16
42
45
9ii3,o:o
With regard
bank
to the relation of
capital to failures,
they further say:
"The national banking capital in the Middle States is 180 millions, and the
number of traders employing it are 224,000. The banking capital in the Western States is only 89 millions, with 231,003 traders. The difference in the num
her of traders in the two sections is very slight, yet, notwilhstandine the fact
thai, the banking capital in the Middle States is over double that of the Western states, the failures are ten per cent greater. Misfortune has come to only
every eighty-fourth trader in the West but it has overtaken every seventythird business man in the Middle States. It will not do to account for this
difference by the aspertion that more capital is needed and absorbed in the
business of the East, and that the lock-up of funds is greater. This may be
true in some respects, but the argument is best met in the comparison of the
average liabilities in the above table, by whicli it will be seen that failures in
Western States average $20,.387, against $19,581 in Eastern Sates. The figures
for the Southern States as compared with those of the New England States are
even more suggestive. Notwithstanding the solidity and wealth of New England, its estal31ished sources of income from its long career of success, and its
enormous investments within and without its own borders, its perfect monetary facilities, and other great advantages, yet all this does not preserve its
traders from f ailin.g in numbers far greater thau in the Southern Sta les— ruined
by war, retarded by misrule, and only just recovering to a self-sustaining
;
The New England States liave a national bank capital
accommodation "of 77,000 traders and manufacturers.
The Southern States have a national bank capital of only 42 millions for the use
of their 91,000 traders. Yet the New England traders seem to have much the
power of existence.
Tot. 8. States 1,078
Wesi'n Statts.
3V3
126
352
454
206
350
Ohio
Cincin'i City.
Indiana
Illinois
Chicago City.
Mlchlt^an
Wisconsin
.
17,271,920 1,361
Iowa
.
114
81
.
Missouri
St. Louis City
141
6U
45
Kansas
Nebraska
Tot.W. States
2,7; 6
362
8,117,091
434
199
8,032.9j2
2,128,710
2,604,100
1,291,852
717.232
7,239,850
355,635
838, .'iOO
350
Minnesota
371
5,7187UC
lO.Oi 6,300
151
.
5,8K6,818
3,710,581
5,414,893
(389
3,101,349
33J
4,787,401
6,07a,710
(409
9,16;,200
283
9,736,852
245
4,307,314
183
3,9 9,' 80
14'J
1,565,634
1,2;2.7)7
|l89
2,618,55;
83
435,900
38
93,6
1)6
576
iU9
491
132
84
83
4li
37
56,187,074 3,122
64,677,277 2,290
34
169
79
46
IS
422,416
1,674,973
|237
2,202.698
7h
505,482
45
2U6,I6'l
8
6,000
7,993 282
843
8,481,C00
4,894,052
16?
2,397,000
8,218,470
S32
7,610,000
4,1-2:3.718
•286
4,4T7,O0O
2,13J,.346
101
2,.575,ro:i
1,610,305
1,803,406
144
60
2,034,000
1.029,000
3,748,793
175
3,061,000
829,400
197,400
94
42
938,000
521,000
35,459,172 1.741
3),073,003
Pac.St.dk Ter.
Or«!on
CallJornia
SanFran.City
Colorado
Nevada
Utah
29
288
163
.
3,252.852
8,4-3,4;4
6t
SSii.lOi
&•>
659,736
11
44.3011
4
4
16,303
<
46,'^^i.(
!
I
31,3a
1(
83.40(
i
7.5,C0(
New Mexico..
Wyoming
Idaho
Dakota
Montana
266,171
26
1
7,21
.
Washington..
Arizona
7
54,C0(
68
918,351
1,011.70C
240,500
....
i
3,00C
t
92,00(
9,s:<
;
Grand
Dom.
&T.
636
13,949,185
886
3se
5,555,500
7,763,914
67
969,0OJ
3,540,000
total.. 8,87.! 190,669,9311 9,092 191,117,786 7,74C 201,060,353 5,830 155,239,000
of Can. 1,892
55,523,903 1,728
25,517,991 1,968
In comparing the Pacific States with the remaining
the reverse of the above conclusion would
appear, but of course the fact that bank circulation is
so,
ouly nominal in California affords an explanation
too, if Canada is compared with the Eastern and Middle
966
23,843,907
Examining the comparison by geographical
we
with 1876, in
in total liabilities, as
which
is
made
There
is
another point which might be raised what
in making
silver agitation exerted
the
:
has
effect
the close of the year
any
other
and the
compared produced
silver
sections,
largest in the Pacific
both absolutely and relatively.
Of the cities,
Boston shows a heavy decline
New York, a trivial
increase ; Philadelphia, a greater one
St. Louis, a
heavy one; San Francisco, the heaviest of all ; Cincinnati and Chicago also show large increase.
In order to
indicate how the failures in the several geographical
divisions compare with the distribution of banking capital and circulation, the following table is presented
States,
;
could not be justified.
be or might be equivalent to abundant bank issues,
does not seem to be any guaranty against the force' of
commercial disasters, is fairly shown.
more
7,696,706
New England and the South, and an increase
in the other three sections,
point
the conclusion that abundant capital, which should
than
find a decided decline
1
sections,
States alone, the
135
T.notbef.sep.
Tot.P.S.
2,571,000
8,C0(
]
1
;
6,-281,lll
....
203,86
b
2,-,7,80(
'.
hardest times, for therein one in every 58 fails, while in the South it is only
one in every 85. Additional force is given to the point here presented by a
reference to the figures in Canada, included in the above table. Notwithstanding tlie fact that the hank capital is 71 million dollars for 56,000 traders, and
for each trader, the failures in the Dominion equal
the b.ink ;circnlation is *3
one in every thit ty, a ratio greater than elsewh' r; on this Continent, if not in
the world. This, too, in the face of light taxation, alow tariff, and a gold
and silver basis. These comparisons point clearly to tlio conclusion that it is
not an increase in the money which is needed to lessen the failures."
Still,
140,900
30,6(K
ill
219,446
of 167 millions, for the
portion
men
of
remarkable for failures
it ?
The soft-money
represent
the
failures
as
by " contraction," the prospect of resumption, and the attempt (as they call it) to oppress
the
debtors by insisting upon the single gold standard
last number of the Cincinnati Unquirer before us, for
;
example, prints a list of failures under the sensational
title of " the crack of doom," " more fruits of John
;
Sherman's policy."
dicial to reviving
But nothing could be more preju
business than the
these noisy agitators succeed in
-
uncertainty which
continuing.
How
can
trade go beyond immediate wants while nobody knows
or can predict what the dollar is to be ? The effects of
:
resumption and bring back a
cannot possibly be brought
but it is a fair
back, these men seem never to consider
question whether these effects may not to some extent
their
No. in National
STATES.
1
busi-
Bank
ng Es.
Circulat'n
Per
No.
cent
of
fail-
ures.
<
Eastern States
Middle States
Southern States
Western States
Faciflc States
& Ter
$
77,724 112,678,386
224,707 112,811,913
91,738 2,3,531,026
231,567 65,194,381
28,235
3,098,454
Total for United States. 652,006 317,314,110
Dominion of Canada
56,324
In commenting upon
&
Co. gay:
fail-
ures.
23,018,658
this
Amount
of
Liabilities.
$
1,460 1,353
517 3,049
256 1,078
281 2,756
Iin58 26,083,007
1
in 73
own
efforts to defeat
condition of affairs which
1877.
Aver.
nubil-
;
ities.
be read in the figures
we have above
presented.
$
19,281
77,173,750
118
lin85 17,271,920 16,022
linSi 56,187,074 20,387
636 lin41 13,949,lf5 21,932
4S6
8,872 tin 73 190,669,936 21,491
391
lin30 25,523,903
13,490
A GLIMPSE OF WALL STREET M0R.1LS.
In the belief, or at least in the profession, of the
majority of people who know Wall street only by heara fearful place.
say,
it
man
of the
is
To
the average soft-money
West, it is the seat of that monstrous thing,
"the
money
power," which, he says, has dictated the
table Messrs. Dun, Barlow
financial policy of the government for many years; it is
the foregoing table is that, wherever the home of the "Shylocks," the "sharks," and the
"The most significant Inference from
were is the most money in circulation in proportion to those engaged in trade
mere the faUores are most numerous. Ibis aUOs a IresU demonstraUoa is ihn
Other disagreeable auimais that produce the prejudice iu
—
Jantjabt
THE CHRONICLE.
19, 1878.J
the East in favor of the idea that
money
what is even worse
when
—with
what Mr.
interest;
1?.
is
lent
back, and
it
in
it is
F. Butler
man has
a
he has a right to expect to receive
of course, that
Wall
street,
pleased to con-
sider a conspiracy on the part of the banks, has just
been formed, the issue of said conspiracy being the
determination that if the rest of the country successfully
insists on lopping S or 10 per cent off the bonds they
hold, they will make loans thereafter on a gold basis.
It thus
sin,
appears that to lend
and
to insist
another sin;
money
at
aU
a species of
is
upon dictating the terms, of the loan
if this
—
be
so,
is
the conclusion seems to be that
the capitalist of Wall street ought to lend to any bor-
own
rower, on the latter's
terms, and never ought to
65
A
were only one sample of the role.
bank, certifying
checks for a broker on faith, is caught, the occurrence is
moralized over and is cited as evidence of the general
recklessness, wholly regardless of the important fact that
it
the defeasance is the one exception out of many thousand cases which nobody notices. A broker repudiates
his obligations, and the like moralizing follows; but the
innumerable transactions which are not repudiated are
remembered
neither noted nor
Bonner draws
Now
none.
at
attention, but the
let us
be just.
acted with definite
A
all.
Netter or a
draws
daily routine
Mercantile business
orders, drafts, bills
is
trans-
of exchange,
promissory notes, and written data, definite and legally
binding, and yet there
is
much
said
—and
now
justly
expect repayment except as an act of grace by the bor- about the dishonest evasion of obligations; brokers'
rower, who is at liberty to call the lender by any names business, on the contrary, is largely transacted npoa
which please him to
The prevalent
similarly
loose
misfortune
in a
verbal agreements, or mere signs with the head, and yet
use.
idea of the morals of " the street"
and hasty.
(in this
Wall
regard) that
blaze of publicity, every
its
having
street,
business
defalcation
is
the
default
is
very
rare,
able with difficulty.
although the obligations are prov
Concede to popular opinion, if yoa
are gamblers and thieves; at least
all done will, that these men
and every we must admit their honor among themselves.
is
incident outside the daily routine attracts an attention
Which
when they
of us holds better to his engagements,
coulcC
During the not be enforced at law and compliance costs, than these
height of the war, a well-meaning Congressman illus- men do, among whom repudiation is so rare that it is
trated his own ignorance and the popular idea on the scouted and disowned ? In their zeal for the moral,
subject by presenting a bill, which Congress unhesi- critics forget that they prove too much. In any comtatingly passed, intended to remove or to bring down munity, law-abiding must be the rule and law-breaking
the premium on gold by prohibiting gold speculation
the exception, or the community goes to pieces;
but the law had an opposite effect, as far as it had any, and if it were the common or even the not infreand was hastily repealed. Probably there were many quent practice to rehypothecate securities as was
people who then failed to see that suppressing a symp- done in the Netter and Bonner transactions, borrowing
tom is not removing a malady, and perhaps there are and lending would be impossible. If these cases were
many who now imagine that there would be no gold not very exceptional, there would be no such thing as
premium and no difficulty in floating silver or any other trust and if trust did not exist, where would be the
currency of Congressional enactment if the "specu- business of the street ? It is very plain that the worse
lators " could only be scattered and kept under bonds. and more flagrant these cases are regarded, the more
The pulpit and even the press the former probably in fully the moralist will be forced to admit their exceperror, and the latter perhaps willing to defer somewhat tional character or be borne into an absurdity.
to the popular notion rather than oppose and correct
For a further and final point, note that the Stock
it
do frequent injustice by generalizing for the sake of Exchange has expelled one of the Netters, as well as
pointing a striking moral and by treating an exceptional Mr. Bonner and his partner, under the rule providing for
case as if it were the general rule.
expulsion in cases " of obvious fraud." Thousands who
An old and notable instance of this is the Black Fri- have read the wide-spread narrative of their transactions
day conspiracy; recent ones are the cases of Netter and will fail to see the few lines announcing that the
Bonner. Of the former, which nobody has presumed Exchange has visited upon all the parlies concerned who
to defend, there is this to be said, that the operators hold its membership all the penaltj' it has power to
were outsiders, and not of the Stock Exchange. The inflict it has struck all it could reach and as hard as it
fate of one of them is well remembered; the other is could strike.
Could it, or could any body, do more?
still a power in speculation, but still an outsider.
lie The point we have aimed to set forth is that the worst
employs brokers, of course, and the moralist promptly offenders are outsiders that the published cases arc very
alleges that this fact fixes the responsibility, and that exceptional; and that when any member of the Exchange
nobody should do business with him. This sounds well, is guilty " of obvious fraud" he is swiftly expelled.
which
is
not given
other Exchanges.
to
;
;
—
—
;
;
but
let
us transfer
where
is
tailor
who
to other walks of trade, and ask,
it
the railroad which refuses to carry him as a
passenger, the hotel which will not harbor him, the
refuses to
sell
him clothes?
plea will not hold, for where
is
the
Tho New York agency of the Mercliants' Bank of Canada
has been transferred to Messrs. M. K. JeBup, Paton & Co. The
Merchants' Bank having lately charged off all doubtful assets and
reduced its capital by 25 per cent, now has a clear working capital
of over |G 000,000, gold. For the purpose of foreign business, the
Merchants' Bank of Canada has arranged to draw upon the
Clydesdale Banking Company, of Glasgow and the latter has
opened an office in London, at 32 I-ombard street. The Clydesdale Bankine Company, established in 1838, has a capital of
£1,000,000 sterlinjr, with a reserve fund of £500,000, and paid 14
per cent dividends in 1878. Its stock is quoted at present at 284
Evidently this
man who
insists
upon
trading only with the virtuous and reputable, or considers the moral character of anvbody who comes to
;
him
as a purchaser, with cash in hand ?
The Stock Exchange cannot justly be held accountable for outsiders
whom it can and dees refuse to countenance, but whom
it can neither expel from the street nor control.
The
per cent.
fact is that the Ishmaels of speculation are outsidiirs,
" curbstone " brokers, or concealed operators through
others; and as the press
and the public fail to discrimiand names attaches
are indebted to Messrs. Dunn, Smyth & Co., atockbrokere,
45 South Third ctre^i, Philadelphia, for a neat pamphlet, showing the monthly highest and lowest prijes of stocks and bondi
—We
to tlie
is
magnified and
is
treated as
if
liability of stockholders is unlimited.
authority, sends us his " Stock Fluctuations" for the year 1877.
In addition to the highe-t and lowest prices, the lapiul, dividends, &c., of corporations are given.
nate, the odor of their transactions
whole body.
Again, the exception
The
—Jos. O. Martin, Esq., stock broker, of No. 10 State street,
Boston, whose c impilations of prices and other information as
standa_rd
to securities known in the Boston market have become a
'
quoted
in that
market during 1877.
:
. ..
THE CHROmCLE.
66
JCate0t
monetary anb (Commercial
Bt.TB9 0V
Nctos
(SitgltsI)
KXCHANGK AT LONDONJANUARY 4.
OH—
BATE.
tins.
[Vol. XXVI,
wanting for many years
to
come
means
in the
to enjoy su
sive a luxury as a navy, which, to ba effective,
BVOHANOB AT LONDON AND ON LONDON
AT I.ATB8T OATBS.
EXCHANGE ON LONDON.
BATE.
LATKST
BATE.
TIME.
Jan.
4.
Short
IS. 18
Jan.
4.
short.
S5.18
80.41
85.17
must
expen-
necessarily
and it seems, when one takes a
sense view of the war, and of the limited acquisitions
surpass that of Great Britain
common
:
.
;
which Russia will gain for the very heavy sacrifices she haa
made, that the old proverb may be applied to her that la jeu n'en
vaut pas U chandelle. Before many weeks have elapsed, however, we shall know, probably, something definite of the objects
and schemes of the three Emperors but if it be true, as some
;
Amsterdam
Ameterdam
Antwerp
»hort.
.
. .
i2.avai2.3ji4:
months.
3
**
Hambarg
Paris
Paris
short.
3 months.
**
Vienna
Berlin
Frankfort
»»
Bl. Petersburg
'•
Cadiz
Lisbon
Milan
n.i^&u-i
i6.3V/ims.*-i}i
**
20.63
J5.15
©20.67
aS5.25
n.so
3i-i.3o
10.t3
J0.63
©20.67
aSO.67
23^i@23H
3 mos.
short.
4-
3 mos.
1.
SmOB.
Jan.
4.
short.
37.25
Jan.
Jan.
Dec.
3.
3 mos.
60 days.
90 days.
48.31
4.68
Dec
15.
Dec.
Jan.
Jan.
Jan.
Jan.
2.
Jan.
short.
•.
Jan.
90 days.
•?
Genoa
Naoles
Madrid
New York....
Bio de Janeiro
Pernambnco.
Bueuos Ayres..
**
3r.90
**
i7.90
@27.M
©a-. 95
U.SHd.
60 days.
CalcutU
"
Kong...
SlUEghai
i«.e)id.
3»
5«
....
@i7.9.'i
<"»<"«
**
..••
Bombay
lao.so
80.41
20.41
50.S-32
....
months. 27.90
.
Bong
"
ird-ioj^nom
md-BH nom
4.
i.
8.
"
*'
6
2.
mos.
*'
*'
1.
1.
S4H
U}i
49>.'@49«
Is.
M.
U. 9ii.d.
3«. IXHd.
is.
6Sd.
assert, that the
German Government
country at war with Russia, there will be serious disappointment
at Berlin, .as the peace party has strong and increasingly numer-
ous adherents, and
fails to
war
see that
is j ustifiable.
money during the week has been upon a very
moderate scale. The cooplaints respecting the supply of mercantile paper bave increased, and as there is no demand of
The demand
for
importance for gold for export, the rates of discount have a
downward tendency. The Bank return shows an increase of
rather more than £3,000,000 in "other securities;" but the
amount re-appears under the head of " other deposits," the
transfer being due almost entirely to the wants of the community
The supply of bullion has
been augmented by £354,724, and the total now held is £^4,incidental to the close of the year.
386,794, against £28,214,165 in 1877, £21,215,701 in 1879,
£22,085,311 in
1875.
The
reserve
total
is
and
more than
rather
£12,000,000, which, although about £3,500,000 less than at this
IFrom our own correspondent]
London, Saturday, Jan.
are desirous of seeing this
5,
IS'iS.
BaBiaesB bag, to a very serious extent, been kept in check by
tbe delicacy ol the political situation. Much anxiety has been
lelt with regard to the future, and the opening of Parliament on
Ihe 17th inst. is awaited with more than usual interest. Lord
period last year,
is
nearly £4,000,000
more than
The proportion
18"5.
£1,500,000 in excess of
in 1876,
and
reserve to
of
liabilities is 4270 per cent, sgainst 46'38 per cent last week, and
4404 per cent last year. The present return is necessarily an
exceptional one, and the next statement will also exhibit some
Carnarvon, however, has addressed a deputation of Cape mer- special changes, owing to the payment of the dividends on
chants this week, and took occasion to refer to Eastern affairs. the public funds but, in the absence of a commercial demand
He confirmed what Lord Derby has announced on several occa- for money, and of an active inquiry for gold for export, the
sions as being the policy of the Government, and although the money market is expected to assume a very easy appearance.
Prime Minister has at times shown his Turcophil pro- The following are the present quotations for money
;
clivities, the country, though anxious, feels assured that the
area of the conflict will continue to be localized. It is, perhaps,
a little remarkable that when the Earl of Derby and the Home
Secretary defined what were British interests of a vital character,
Russian acquisitions in Armenia were regarded as of secondary
It would be only when Kussia approached the
Persian Gulf that the Government would consider that our interests would be threatened, and it may be inferred, therefore, that
the somewhat mythical route to India ma the Euphrates Val-
importance.
ley has been abandoned as of any importance to this country.
Our way to India is by the Suez Canal, and to keep that
route open
But that route is not
threatened, nor is it likely to be, for it is not England alone that
is interested, but the whole of Southern Europe is more or less
is
of vast importance to us.
desirous that that highway shall be politically free to the commerce of all nations. For any power to interfere with that route
would be to raise up many enemies, and prudence, therefore,
but one course, viz., to exclude the Canal from tbe
operations of the war. As regards Turkey in Europe, Germany,
and Austria in particular, are more interested than England, and
dictates
Per cent.
Bank rate
|
4
30andeod:ty9'
3 months' bills
The
Open-market rates
4monthB'bank
\
O^en-market rates:
6
4
|
bills
8
3
®H!i
@3ji
rates of interest allowed
I
Per cent.
:
bills
months' bank bills
and 6 months' trade
3
<^Z\ti
3
bills.
@3J<
3>t®4
1
by the joint-stock banks and
count houses for deposits are subjoined
dis-
:
Per cent.
Joint-stock banks
8
Discoiiut houses at cull
8
,
Discount houses with 7 days' notice
Discount houses with 14 days' notice
3K
3^
Annexed is astatement showingthe present position of the Bank
of England, the Bank rate of discount, the price of Consols,
Middling
No. 40'b Mule twist, fair second quality,
and the Bankers' Clearing House return, compared with tbe
four previous years
the average quotation for English wheat, the price of
Upland
cotton, of
1874.
Circulation— including
bank post-bUls
Public deposits
Other deposits
£
46.4-8,323
5,372,590
21,576.208
Government secorlties. 16,495,266
Other securities
i;,923,467
Reserve of
coin
18;6.
1870.
1877.
1878.
£
£
£
£
86,915,483
26.951, ?81
87,593,707
6,48*;,544
88,488,554
8,417.413
5,S)OJ,097
20,366. J8!)
15,948,023
17,590,801
19, -168,061
6.-2O3,440
2-5,936,766
16,290.704
21,660,281
15,969.162
19,584,320
88,064,528
13.377,634
30,511,341
10.461,536
8,132,431
14,591,390
12,052,914
notes and
11,846,296
Coin and bullion in
both departments....
Bussia will scarcely dare to ask too much, while as far as the
22,945,721 82,085,311 81,216,761 23,214,165 81,386,794
free navigation of the Dardanelles is concerned the probability is Proportion of reseive
44 91 p. c. 4270 p.c.
to liabilities
that the Government of this country will have to defer to the Bank-rate
4 p. c.
2 p. c.
5 p. c.
5 p. c.
4 p. c.
94^
<iiy,
»4>f
Oonsols
91%
93;i
•wishes of the neutral powers; and if they consider that the
5lB. 9d.
50?. 6d.
44a. 2d.
453. 3d.
61a. 8d
English wheat.av. price
6 8-16d.
6 ll-16d.
Straits should be open to the ships of war of all nation?, and net Mld.Uplandcotton....
6 15-16d.
8)id.
Tii^.
No. 40s, mule twist, fair
to those of Kussia alone (assuming, of course, that Russia makes
lOKd.
Is. Od.
llVdIs. 13<d.
Jdqnality
lljid.
Buch a demand), we shall have to yield our consent. Whatever Clearing Honse'reVurr. 12 j'265^" Ul,oi2,r)06 133,903,000 113.387.000 123,5J0,00O
The weekly sale of bills on India was held at the Bank of
may be the views of the Government on this point, I think that
only
the majority of the country are indiflTerent about it, and many England on Wednesday, and out of an amount of £265,030
think that a long-standing source of irritation to Russia will £154,500 were dirsposed of at about Is. Sfd. the rupee, showing a
have been removed, and that its removal will have affected no decline of ^d. compared with the previous week. The silver
54d. per
particular interest. Turkey may for a time, perhaps, be a little market has in consequence been flat at 53}d, and
in sliver
Busceptible, but the world will think as litUe of a Russian iron- ounce. The hteamer for the East has taken only £61,400
In gold no important movements are recorded.
to Bombay.
clad passing Constantinople on some mission of protection
of
Russian commerce as it does of a German vessel passing Dover The prices of bullion are as follows
a. d.
B. d.
SOLD.
Castle on a similar errand. The removal of these barriers to Bar Gold, fine
per oz. standard. 77 9 O ....
77 lOxa ....
per oz. standard
rednable
Gold,
Bar
peace is much to be desired, and as this country is anxious
..per oz., nominsl. 75
a ....
Spanish Doubloons
peroz. 73 9 © ....
for a settlement of the existing complications and for a revival South American Doubloons
peroz. 76 6 a 76 6J<
United Sta^.ea Gold Coin
of commercial enterprise, its duty is, through its Government
peroz. 76 ax® ••••
German Gold Coin
d.
a.
SILVER.
to propound such views as shall lead not only to an immediate]
learest
ii% a ....
per oz.,
Bar Silver, fine
....
@ ...
per oz., nearest 54
but to a permanent, peace. With the exercise of common sense, Bar Silver, contavning 5 grs. gold
4}
per oz., last price 63
Mexican Dollars
there is no reason why English and Russian interests should Spanish Dollars (Caroms)
peroz.
..
»» ....
peroz.
....
®
clash, and the insane fear of Russian naval preponderance is Five Franc Pieces
Discount, 3 per cent
Quicksilver, £7 5s.
scarcely worthy of the country. Russia finds her military burThe following are the current rates of discount at the leading
dens quite sufficient for the resources of the country, and will
be cities abroad
:
,
,
J,'
:
K
"
Jakuakv
THE CHRONICLE.
19, 1878. J
Open
Back
Cent, percent.
t
\Hai
8
IX^^
iJ4
Paria
Amiterdam.
(
Berlin
aambnrir
iH
tH
Frankfort
Lelpalg
i>i
i
4
Genoa
Qeneva
Bmaaela
VlennaandTrlett«..
S
S
tS
>»
iH
iH
*H
..
S
The National Bank
Bank
Open
rate,
marktt.
market,
ratr.
y
V
ceDt. per ccnl.
Madrid, Cadiz and Dareelona
(
Llahon and Oporto ...
6
8t PeteraborK
Torln, 7loronc«
4KO&
t
and
Rome
New York
S
CalcntU
Copenhagen
S
4
6
4
of Australasia annoanoe that
nominal amoui\t
sum
Instalinent of a
they are
The bonds
Australian Parliament.
annum, and
cent per
£500,000, being the thirJ
ot
£3,188,500, authorized by the Soutli
of
are to bear interest at 4 per
amounts of £1,000, £500,
commencing from the Ist of January
mill be issued in
£200 and £100 each, interest
last.
Tenders will be received until 3 o'clock on Friday, the 11th
Principal and interest are made payable in silver.
lost.
The stock markets have, on the whole, been firm, but business
has been upon a limited scale, the political situation being too
delicate to justify large operations. There is, nevertheless, an
impression that the war will be localized, and since Lord Carnarvon addressed the deputation of Cape merchants on Wednesday, a feeling of confidence in the maintenance of peace has been
apparent. In American Qoverament and railroad securities, busi.
ness has been very quiet, the silver agitation in the United Slates
exciting still an adverse influence upon the market.
The closing prices ot Consols and the principal American securities at to-day's market, compared with those of Saturday last,
are subjoined
:
Dec
Redm.
Console
UnltedBUtea
Do
188!
1885
1887
1881
1904-
&-»
D. 8.1867,68
Do
funded, Sa....
DotO-40,9«
Do funded. 4V>, leaned at 103}i
Loolaiana Lerco, 8s
Do
1875
68
Maaaaehnaetta 5a
Do
Do
Do
Do
Do
5s
S8
5s
59
5a
Virginia stock 58
88*
Do
„
Do
1888
1894
1900
18S9
1891
18SS
,
fnndel 68
1905
S9.
94S(@ 95
©107
0104
lOSJOlOSJi
105i<ai05«
107 aiOS
106
103
103,^iai«3X
4J 'a 51
42
52
a
@105
@105
®107
©1C6
ai0«
©106
103
103
105
104
101
101
j5
33
New
51
© 85
® 85
©5b
Jan.
3.
9i;i© 9IH
nm ©107
10a
105 V.
©101
©io;x
losxaifsii
:o6x®io7x
U a
44
103
52
©52
©105
Mi ©105
103 ©105
102 ©104
102 ©104
102 ©104
i5
S3
60
© 35
aa^
© b2
& Sa'qiiehanaa cons. mort. "9, Nos.BOl
to 1,500, inclusive, Buar. by Del.*Had.Oanal. 1906
AtlauUc « Orc-at Western l»t M., $1,000, 7b. ..1902
Albany
Sd mort., $1.000,78.. 1908
8d mort., $1,000
1903
iJt
mort. TrusUes' cerllflcates
Jd
Do 8d
Atlantic Mlssisi-lppl
do
do
A Ohio, Con.
mort., 78.
. .
.1905
Commlttco of Bondholders' ctfe
Potomac (Main Line) 1st m(jrt. 6e.l911
do
CTuonel) 1st mortgage, 6e.
(gnar. by Pennsylvania ANo.CentHallway). 1911
Burl. Cedar Rapids & No. RR. of Iowa, let mort..
&
Central of New .JtTsi'y sliarcs
Central of New Jersey, cons, mort., 78
1899
Central Paclilc of Cillfornia, Ist mort.. 68
1896
Do Califor.A Oregon Div.l8tmort.gld.bd8,68.18»J
Do Land grant bonds
1890
Del.
Hud. Can. 78
Detroit
Milwaukee Ist mortgage, 7»
1875
mortgage, 88
1876
«_, ..P°
Brie $100 shares
Do reconsuuc-.ion trustees' as sefsm't, $9 paid.
&
A
M
go
do
«o
5°
do
,
S»
Do preference, 78
Do convertible gold bonds.
Do reconstruction trustees'
.
|4paid...
$3 paid...
$2 oaid...
7e
95
SJ
8
4
2-J
do
do
do
Baltimore
1904
ccrtiflcales, "8
8
4
S5
43
83
86
60
«5
101
95
91
92
80
80
93
bonds (guar, by Pennsylvania R. H. Co.), 88 ....
Cnlon Pac Ac Land Grant Ist mort., 78
1889
Union PacUlc RaUway, let mortgage, 6'e
1896
©83
©6!
S2
"o.
i°00.
."°-
D ri?'
Baltimore
4
s°
Do.
Burl. c. R.
Ohio, 68
S
Ss
©
l-i>i
*Minn.,
Ist
mortgage
65,
"A
1891
'
19uJ
Memphis
<fe Ohio Ist mort. 79
1901
Milwaukee A St. Paul. Ist mort 7s
1902
New York A Canada R'way, guar, by the Delaware A Hudson Canal, Ba
1334
N. Y. Central & llndaon River mort. bds., 6»..1903
Northern Central Kiiihvay consol. mort., 68
19C4
Paaaraa general mortgage, 79
1897
ParlsA Decatur
1898
Penneylvanla general mort. 6s
1910
Do.
consol. slnk'g fund mort. 68
1905
Perklomen con. mort. (June '73) guar, by Phil.
^Reading,
69
1918
*
Krle let mort. (guar, by PeLn.RR.)68..I881
with option to be paid in Phil., 68 ...
PhU. A Erie gen. mort(guar. by Penn. RR.)6a.l990
Phil. A Reading general consol. mort. 68
1911
Do.
Imp. mort., 68
1897
Do.
gen. mort., 1874 6'9
Da
do.
xall
Scrip for the 6 deferred >4^ cup
Do.
Pittsburgh A Connellsvllle Con. Mort. Scrip,
guar, by Baltimore A Ohio RR. Co.. 6e
South A North Alabama bonds, 69
St. Louis Tunnel 1st mort. (guar, by the Illlnoia
A St. Louis Bridge Co.) 9s
1838
Union Pacific Rnilway, Omaha Bridge, 8s
1896
United New Jersey Itail way and Canal, 68
1894
Do.
do.
do.
do.
69
1901
Phil.
Do.
alent to a discount rate of 3 per cent for six months' bills, and
188., or rather over l|d. per cent, for those of three months.
Mr. Richard Seyd has communicated to the Times the following statement of failures in 1877 and in the four precedin|)r years
the figures are very instructive, as they indicate which branches
;
;
;
1,010
1867, 1,504
1868, 2,145
1809, 2,315
1870, 1,351
1871,
1,122; 1873, 1,326; 1873, 1.745; 1874, 1,751
1875, 1,720
1876.
During the last five years, from 1873 to 1877,
2,087 1877, 2,170.
the various branches of wholesale commerce show the following
proportion of failures "
;
;
;
93
:
1673.
Agents, commission, yam, &c
177
Bankers, joiut-stock banks, foieign bankers...
5
Baots and shoes
112
Brewers
18
IS
Cigars and toDacco
Cement, asphalt
©
Corn merch ints, millers
Cotton and colonial brokers
Cotton spinners and manufacturers
Cnrrierp, tanners, leal her merchants
Discount and bill bruktTK
95
1
,
Coala
Contractors
90H©
91
«6.h1 irx
16
17
101
1C8
103
0:03
101
©105
101
103
©!M
©101
©105
©105
©
94
S8
iO
54
21
44
27
-
94
«i 39
19
i
{8
34
3i
48
»l
105
105
104
16
(
1
«
1
(108
i 1IO7
;
1106
X
n
1
40
>*
h ta
»ia
it06
ilOT
ftlO«
1874.
ua
5
tl
17
4
8
65
87
72
8
20
38
5
1875.
73
S
80
21
8
,,
97
16
68
20
SI
30
S
Engineers, founders, iron, metal,
nuuiufacturers and merchants
Financial agents
4
It
6S
27
6
179
SSS
17
68
27
ts
88
S8
B
1877.
193
«t
t
lit
2S
12
108
SI
It
6
5
147
13S
44
62
15
42
48
4
7S
75
9
5S
St
to
44
»
•
tS5
S
IS
»l»
It
<S
12
SS
5
S5
A
12
to
Hats, caps, straw hata
....
17
Hops
4
Jewelers, wholesale
t(
Mai'Ufaeturers of woolens, worsted, elastics,
silks, hosiery, staffs, Ac
180
S
t
SS
SI
1M
in
>n
,.
..
and eirthenware
Gunpowder
Merchants
SH
Provisions
88
16
28
ito
It
s
IS
44
10
>r
26
t»
27
Timber
Warehousemen, importers of foreign goods,Ac. IK
n
IS
t!
n
n
117
110
iss
f7
IS
Itl
IM
Stationer*, wholesale, and paper macafactarrrs
Sugar reflaers
Tea, coffee, groceries
Woolatapler*
Woolea and cotton wast**
20
U
1
10«
IS
W
«
8
It
8
to
tIB
BO
ts
8
«
7
n
n
ISl
11
....
sa
It
teo
tl«
58
tOR
87
IB
89
Wines, spiriU
90
98
to
18
hardware
17
Gla»s, lead,
1878.
and manafactunDe cbem-
Rope, rails
Shlpbrokera and owner*
Sbtpbnilders
1
;
;
©47
~ —
a
;
;
©97
(3i
:
Drysalters, oil, color
Dyers, bleachers, finishers
Electio-plaiors
106
104
90
£2
lata
87
16
»8
88
79
Tenders were received yesterday for £3,429,000 Government
Treasury bills, and the total applications amounted to £9,797,000,
of which £f ,505,000 were for three mouths' bills, and £3,293,000
for bills at six months.
Tenders for bills at six months at £98
lOs. and above will receive in full, and for those at three months
at £99 5s. 6d. about 24 per cent, and above in full.
This is equlT-
;
07
©105
18^ 105X5
.";:":;::::;:;:i9o»
lain
78..;",.I"..;;''...'."".;;;i5m
Texas
Nashville, 6s
;
Ig9t
„
&
;
7s.. .'... ....'1874
leased lines rental trust, 7s.i»o»
^o1873,78.1908
western exten., Ss
1876
<lo. 78, guar, by Erie R'y.
Lsulsvllle
Dm>Kii!ts, wholesale,
AKKRIOAN 8TXBUNQ BOHD8.
Allegheny Vatlev. gnar. by Penn. R'y Co
1910
9}
Atuntic A Gi. Western consol. more, Bischoff.
A Gt.W.,
afc
Lehigh Valley consol. mort.,
;
@ 91
© 40
© 40
8>4© 9
11 @ 16
14 © 16
li^t© 13«
12;<@ u%
44 © S6
u a 46
23 © iS
23 © 25
jl © jj
11 © 23
45
Illinois Missouri
M
;
A
W. Rc-organizatlon
Do, reconstruction trustees' certlAcates, 7«
1st M., gold, 78... 1900
* St. Louis Bridge Ist mort., 78
1900
Do.
do.
2d mort., 7s
Illlnola Central, sinking fund, Sa
1908
Do.
68
1895
Da
69
1906
:
A
Adantic
>.
Illinois
;
.
cert8.(a),7s
Atlantic A Ot.
Jan.
and since the crisis of 1873
" The number of failures daring 1877 in the United Kingdom
has been 11,022, of which 2,173 are in the financial, wholesale
and manufacturing branches of trade, and 8,850 in retail trades,
professional pursuits, builders (see also contractors in other list),
publicans, among the working classes, &c. Of those who failed
in ihe wholesale trade, there were
In London, 450
Liverpool,
Manchester, 134
Lancashire, 144
81
Yorkshire (excluding
Middlesbrough and Hull), 324 Birmingham and Midland Iron
District, 189
JMewcastle, Middlesbrough, Hull, and district, 129 ;
Bristol, Cardiff, Newport and Swansea, 80
Provinces, 457
Scotland, 139
Ireland, 33.
The total failures in 1866 were
© 97
© 81
@ 10
© 5
©84
© 10
© 5
® JO
© 28
@ 85
1J>4@
""
Galveston A (larrlsbnrg, let mortgage, 68.... 19il
LUnols Central, $100 shares
. 7.
.7.
Lehiijh Valley, consolidated mortgage, 6a. .. ...1923
Marietta
Cinctnnat I Railway, 79
1891
maaonrl Kansas
Tezaa, let mort., guar, gold
bonda, Kngllsb, 78
1904
New York Central A Hudson River mortg. bonds 7
Mew York Central $100 shares
„
OKgon California, 1st mort., 78
11890
do
Frankfort <'ommlt'e Receipts, z coup.
Pennsylvania, $50 shares
.„.
;
Do.
1st mort., 8»
[
JSSO
foj'ol.'InK'K
fund
mort.
68
1905
i>v.ii5°-i V.
Philadelphia
A Reading |5(l shares.
'"
Pittsburg Fort Wayne A Chicago equipment
A
Redm.
A VIncennes, 78
igog
Chicago A Alton sterling conaol. moru. da
1908
Chicago A Padncah 1st mort. gold bonds, 78.. .1901
CleveUod, Columbus, Clo. A Ind. con. mort... 1911
Raatem Railway of Massachusetts, 68
1906
Brie convertible bonds, Oa
181S
Oo. 1st cons, mort., 7s
logo
Do. with reconstruction tmiteea' ceriiflcalea of 6
coupons
Do. >d consol. mort, 78
1894
Cairo
of business have suffered in
AXERlCAil DOLLAB B0KD8 ADD BHABBS.
Do
Do
Do
Do
57
ailmau Clinton AHprlngaeld
authorized to receive tenders for South Australian Qovcrnmeut
securities to tlio
;;
U
IS
M
M
11
1
17
ST
Ito
m
4
ai
—
In retail trades, &c., tliere were
Farm
makers
Brush and basketmakers
&c
dealers,
Furuituro
brokers
Gardeners, market
gardeners
General dealers, curi-
17
and earthenware dealers
22
Grocers
perHairdresser^
fumers
Hatters
Ironmongers, japan-
livery-
etable keepers
Cabinet-makers, up-
61
157
147
4!
and straw
dealers.
Cow-keepers, dairy-
42
492
7
21
10
dealers
Shipwrights
Shoe and boot mak3^3
ers and dealers..
.
34
Stockbrokers,
job-
&c
Surgeons,
23
Mariners
62
318
...
20
68
2S
ers
Masons
Tradesmen's
Mattress makers
Millers
and corn
ants
Travelers
dealers,
Milliners,
36
&c
florists,
Miners, colliers.
...
Wheat
cwt.
9,C81
4.3,068
17,7Ua
15
Miscellaneous
Private persons
175
311
The Crown agents for the Colonies invite applications for
£100,000 in Ceylon Government 4^ per cent debentures, b?ing
the second instalment of tha loan of £400,000 authorized in
£103 per £100 bond, the prin"
cipal being redeemable by a cumulative sinking fund of
1
per
cent.
The following is a list of dividends declared by some of th^
principal joint stock banks and discount houses for the past half,
year, compared with those for the corresponding period of 187C
;
will be seen
notwithstanding the perplexities of the
money market, the comparison ia a fJvorable one
it
that,
:
1877.
Per cent
per an-
num.
.„.
Alliance
Colonial
-City
]8;6.
Per cent
per annum.
g
;...; lo
;
London and Westminster
Union of London
London Joint Stock
'',....'..'."
'
.'.'."'
*
Imperial
Consilidited
........"..!!...!!
North and South Wales
Bank of Soith Australia
8
14
15
is
14
!•«
17
6
10
g
10
nv
10
10
7
.10
'7
was firm in the early part
during the last few days have been
trade
During the week ended December 39, the sales of English
wheat in the 150 principal markets of England and Wales
amounted to 35,959 quarters, against 39,313 quartern in the corresponding week of 1876. It is computed that there were in the
whole kingdom nearly 156,000 quarters, against 157,350 quarters
Since harvest, the deliveries in the 150 principal markets have
been 830,504 quarters, against 919,774 quarters, while it is
estimated that there have been in the whole kingdom 3,332,400
quarters, against 3,779,400 quarters in the same period of last
Beason.
Without reckoning the supplies furnished ex-granary.
It is estimated that the following quantities of wheat
and
hare been placed upon the British markets since harvest:
1877.
1876.
1875.
cwt.
>..2l,7'>i),728
flour
1874.
cwt.
2i,<>21,5;-2
14i."i9T.00O
13,100.858
2,02 ),&;«
15,941,000
.33,M1,21!)
3!,073.18l
3M)8,99I
87,099,514
.
774.ti9)
500,4:5
87,80S
155,191
38.157,55;
5li. Jd.
3).57,!,219
Aver, price of En£. wheat for season
39.:i51,;85
46a. lid.
36,944,321
45s. Id.
Sales of
2. 775, .^i
home-grown pr»duce
Total
Exports of wheat and
_
floor.
I
2,23l,.'i62
ll,.'58i,6J0
the following
The following statement shows
•ereal produce into
478.3d.
12S,906
121,762
40,108
8,877
80,638
8,831
91,447
6,057
3,537
11,376
7,171
9'8
32,698
Sg,2SS
summary
—
London Money and Stock Market. The bullion
of England has increased £75,000 during the week.
Oonsols for money..
95
**
account.. 95
0.8.66(5-206) I867....IO61.4
Men.
Tne«.
Wed.
95 3-16
95 ?-16
I06Ji
95 .3-16
93 3-16
95 5-i6
95 5-16
1067i
0.8 10-408
58 Of 1881
lOSJ-i
lOSK
106Ji
10b><;
New4Xs
104y
lOlX
lOhS
lOSX
*bbl
2j
10
Wheat(R. W. spring). Vctl
"
(Red winter)...
"
(Av. Cal. white).. "
"
(C.White club)... "
6
5
12 7
12 10
3
W.
29
10
11
.
d.
8.
..
Beef (prime mess)
Pork (W't. mess).... 'P bbl
Bacon (I'g cl. m.)... ^cwl
Lard (American) ... "
Cheese (Am. fine).... "
84
66
30
10
64
6
cwt..
"
(fine)
25
d.
onspot.^cwt
22
»
tun. .75 10
" .5
oil
Linseed
oil. ...>»
ton
.27
6
fl
6
Wed.
'-Ol'i
Thnr.
81
56
30
40
61
6
29
6
5
11
3
3
12
12
7
10
11
12
9
12
s.
d.
84
66
30
40
64
U
Kr!.
SI
66
3)
40
64
3
Tnnr.
6.
10
10«
lOX
d.
8
6
Prl
8.
d.
«
5
10
lOX
10/.
?«
7K
lii
40
25
d
».
Wed.
5
10
1
40
25
6
6
6
9
3
6
23
36
s. d.
56
7J<
6
6
29
10
36
d.
d
s.
Wed.
8.
d.
40
25
9
I'n.
A
8.
56
6
T^nl
d.
29 6
10 5
11 3
12 7
12 10
23 3
36 6
Tnes.
8.
7K
40
25
6
40
25
6
6
6
Market)
£.
8.
Tues.
£
d.
9
50
22
75 :o
C
o
81
56
30
40
64
10
9 10
6
d.
8.
lOJi
Mon.
Bat.
s.
TueB.
10
6
Oil
ljIn8'dc'ke(obl).iptt. 9 10
Unseed (Cal.) # quar. TO
Sngar(No. 12 D'ch Btd)
Whale
C
in8!<
W'5;i
cotton
s.
12 7
12 ;0
28 3
36 6
d.
8.
7«
'^
London Produce and
Spermoil
84
SS
30
40
61
10«
Ta!low(prime City).. » cwt
'•
Spirits turpentine
£
d.
10
Potroleum(reflned)....t?za;
•spirits)
3
5656
8.
"
11
Mon.
Sat.
9
3
d.
8.
Liverpool Produce Market. —
BOBin( common)...
5
d.
6
5
B.
Men.
Sat.
1P6X
104H
104;i
29
10
—
Liverpool Proviaions Market.
T( tc.
lOSX
Tnes.
6
12 7
12 10
23 3
37
mix.) fl quar. 23
_ quarter. 37
Pese (Canadian) V
Pri.
9i'{
95^
—
Men.
8. d
."113
Corn (new
Thnr.
95>i
lOSJi
lOSJJ
lOiJi
X106
lOSJi
104ji
Bank
in the
Wii
— See special report of
lAverpool Ootton Market.
27
6
6
8.
d.
10
60
22 6
75 10
35
26 16
Thnr.
Wed.
£ 8. d. £ 8. d.
9
60
2!
75 10
35
26 15
Frl.
£
22
6
75 10
as
26 15
8.
d.
9 10
50
9 10
50
10
6
75 10
35
26 15
(Sliommercial a\\^ MisctllantovLB Neu)0.
11,263,4.11
2.7»8,''8!
—
Imports akd Exports for thb Wbbk. The imnorts last
week showed an increase In both dry goods and general
The total imports were $6,343,767, against
merchandise.
f4,97'i,793 the preceding week and 14,451,733 two weeks preThe exports for the week ended Jan. 15 amounted to
vious.
$5,098,167, against t6,477,544 last week and ^5,317,093 the previous week. The exports of cotton for the week ending Jan, 16
were 8,573 bales, against 11,760 bales the week before. The following are the imports at New York lor week ending (lot dry
goods) Jan. 10 and lor the week ending (for general merohandisel Jan. 11:
FoaEieN lapoRTS at nbw tobk fob thk wsbk.
Dry goods....
General merchandise,
. .
Total for the week.
Previously reported,, ..
Since Jan,
1
1878.
$2,61 :,178
6.271,522
1877.
$1,662,145
$1,852,110
5,3M,177
4.390,857
|-;.201,873
$8,839,030
$6,985,322
t6.24J,767
5,81)3,861
7.523,539
5,259,709
1.977,793
fl3,008,539
$16,117,53)
$12,215,031
$11,230,560
Jan. 15:
EX70BTS FROH NKW YORK FOR TDK WBBK.
20,C4r,lCO
the imports and exports of
and from the United Kingdom since harvest.
1878.
1675.
$2,943,235
4,261,417
In our report of the dry goods trade will be found the imports
of dry goods for one week later.
The following is a statement of the exports (exclusive of specie)
from the port of New Itork to foreign ports lor the week ending
Forlheweck
Previously reported....
Since Jan.
Result.
7,159.200
2,234,882
Gaallah narKet Reports— Per Cable.
of the week, but
the arrivals
considerable, and
the markets close with a dull appearance at drooping prices.
The weather, which had a wintry appearance at Christmas, is
now very mild, but the young wheat plant is reported to be look
ing promising.
Imports of wheat
Imuorts of flour
l,32(i,270
nx
10
National Discouut
United Disccuut
The wheat
6
13
.14
.....
7i9,b75
874,461
4,0i3,822
2,788,983
647,079
Thedailycloaingquotationsinthe markets of London and Liverpool for the past week have been reported by cable, as shown in
Flour (extra State)
Wheelwrights
Yeast dealers
6,8')9,933
3,510.6'.6
3,651,98.)
54,417
10,628
13,938
200,477
15,954
9,7.30
Beans
Indian Corn
flour
.
fixed at
10502
sat.
s. d.
8,8)0
is
484.531
24,287
49,940
Liverpool Breadstu;ffa Market.
Total
The minimum
7=6,9.^6
Barley
Oate
Peas
Turners
67
34
anJ
Music-seilers
publishers
assist-
L'ndertakers
artificial
5,7-.5,521
Sat,
physi-
cians, dentists
sawyers
Tobacconists
Toy and fancy deal-
Marine stores dealrs
lu
machine
Timber dealers and
frames
ers, picture
51
67
57
Schoolmasters
bers,
Floor
1874,
14,263,431
1875.
22,021,512
3,882,260
819
Tailors
ers
Looking-glass mak16
74
10
3
l.'Jl
Solicitors
65
5
16
6
IndianOom
5,231,175
4,264,637
792,171
1,6£0.787
7,459,094
harness-
Sewing
2
143
makeis
43
1876,
13,100,858
5,131,228
4,016,705
612,883
l,6i9,633
13,417.658
2,0aa,9i6
21 ,795,728
SI'S.
dealers,
cheesemongers
Publicans
Saddlers,
124
Lathrenders
Leather dealers
Lime burners
Lodginghouse-keep-
68
76
119
36
63
Cork-cntters
Cornchandlers, hay
officers
120
1,034
tinmen
155
watch-
.Journalists
L'\borcrs, bricklayers, slaters
15
Coopers
Dyers and cleaners.
Engineers in Navy
ners,
makers
Potters.
Printers, stationers,
engravers, &c ...
Provision
Jewelers,
57
23
Carvers,gilders
Cattle and horsedealers
Chemists, druggists
Clerks
Clerks in holy orders
Coal-dea'ers
Coffee aud eatinghouse keepers....
Confectioners
Drapers, hosiers,&c.
45
15
15
231
17
5
gas-fitters
1877.
cwt.
Barley
Oats
Peas
Beans
Photographers
Plumbers, painters,
Potato salesmen
Greengrocers, fruit-
&c
florists
Opticians
Organists, professors of music
30
Glass
erers
™^
wheat
tors
Nurserymen,
Oilmen
Pawnbrokers
84
131
osities
Cab, omnibus pro-
men
106
terers
618
3i6
holsterers, furnitare, Ac, makers.
Carpenters, joiners.
Carriage builders. ..
Carriers. cart-owners
15
:
makers and dealers
Newspaper proprie-
8
477
Fishmongers, poul-
Cab-drivers, carters,
prietors,
game,
ers
Bnilders, architects,
Butchers,
bailiffs,
Fishing-smack own-
32
So
.
28
retired).
keepers
21
.
Musical Instrnment
Farmers
183
Bakers
bi
Blacksmiths
Boat build, rs. mast-
Brewers, .commou
Brick-makers
&
(active
Actoi 8. artiste, &c..
Aerated waters, gin8
ger beer, &c
Auctioneers, bouse
agents, enrveyore. 112
fVou XXVI.
viz., from the 1st of September to the close of last week, compared with the corresponding periods in the three previous years
:
Army aud Navy
40
16
Accountants
1876.
:
THE CHRONICLE
58
aud
:
1
1875.
f4,224,416
4,249.23)
1873.
$5,169,396
4,012,32»
1877.
$5,49:.867
8,961,639
le.s.
$5,093,167
6,477,641
$8,473,655
$9,181,724
$10,1T9,46;
$11,575,711
ot specie from the port of
13. 1878. and also a comNew York for
parison of tke total since Jan. 1, 1878, with the corre.sponding
totals for several previous years
show the exports
the week ending Jan.
The following
will
:
.
.
jAiJUAKY
-
.
:
THE CHROSWGTiE
19, 1878.]
Jan. 10— Sir. PommeranU
Jan. li—bir. Necksr
London
London
Jan. 13 -Str. Britannic
Amer.'tllTer ban.
Amer.
Amer.
Am.
Liverpool
(188,'no
7^,000
allvcr bira.
allver coin.
Uui-lington Cedar Rapids & Northern,— The followlDK ara
the t^arnings and expenses of the Burlington Cedar Kapids &
Northern road lor December, and for the six montba ending
40. (xx)
c'n (rrac>.
silver bars.
allver dola.
4.001)
ail.
Amer.
Hex
69
December
SH.OOO
3«,0(H
81
:
Ean.lngs
1817.
1876.
$1«9,SM 08
$90,467 73
68.074 46
32,418 27
K.Tpen8e8
Netearulnita
Toul since Jan.
Same time In—
Same time In—
1877
187«
1875
1374
1873
137»
JtSO.lOl
4,!.14.i60
l,3.M.9.1i
3.t5-i,503
m.m
of specie at
been as follows
5.9I0,9.il
18W
1,829042
1,I5!,:KS
1366
1.378.431
:
7—Str.
Alps
Atpinwall
Jan.
7—Str.
Amer. silver
Amer. gold
Golddu?t
Clarlbel
Kingston
Amer.
Jacmel
Jan. 7— Scbr. Wardwell
Jan. 9-Bfig Tula
Belize
.
Jan. II— Str. Colnmbus
.,
7no
Foreign gold
1,480
Amer.
Amer.
silver
silver
Foreign ^llTer
269
7,619
260
Amer.gold
1,456
Havana
4,6.33
Silverbars
5,.30i)
603
76,000
4,650
Amer.
ToUi
for the
.
Bilver
$4,967,600
155,185
debts
City dubts
Borough debts
9,443,331
7,064.468
488,844
.
Total
$3>,118,927
The counties and municipalities have paid
as interest to carry
their part of this indebtedness $1,089,078, and the State has paid
on its part |380,046, making a total of |1,370,034.
J9
Amer.gold
Foreign gold...
Foreign silver
„
Jan. IS— Brig Manael Ferrer.... Campeche
State debt
176,580
1,3S6
Amer. gold
826,328 50
NashYille Cliattanooga & St. Louis.— The earnings and
expenses of the Nashville Chattanooga & St. Louis Railway Company for the month of December, 1877, as compared with same
month of 1876, are subjoined:
1,966
week
1876.
$1.39,337 05
Gross earnings
Kipense?, including taxes
$306,949
Previonelv roDOited
1,
1878.
t)Sj,3(5
Same time in—
1871
1870
91.954
89.935
88,312
53,609
61.540
,
1874.,
1873.,
1872.
The
week
transactions for the
as follows:
|15!,,4I6
2:o.3-.7
1868.
»5.0i9
:23,He6
181.7.,
Cnstoms.
14...
IS..
18....
17....
18....
s';
interest
on bonded debt.
. .
$54,909 63
ii6,610 00
$66,f86 44
36,510 00
$18,399 53
$30,376 44
$11,976 91
8:30,9;i3
2,321,274
813,074
1,094,019
l,aS0.883
9,000
181,000
399,000
311,000
Surplus
We
are also furnished with a statement of earnings and
expenses for the six months ending December 31, which is as
f jUowb
:
Gross earnings
Expenses, Including taxes
Not earnings
Payments.
Gold.
$8M,0:4 94
$18^.000
293 000
13.
One mouth's
1876.
Sub -Treasury have been
at the
-Receipts.
Jan.
$16*,064 33
93,177 89
Same time i
S696.5S3
1876.
1875
Tncrease.
$83,837 28
11,830 37
1877.
81,327 62
18,416
Netearnings
Total since Jan.
$383,8(8 78
66,588 9t
216,663 44
Towu
SiO
1 6, 1
88
429,370 83
109,465 06
County debts,
2,8a;J
Foreign uold
Amer. silver
Foreign silver
Foreign gold
10— Str. City of New York .Vera Crnz
Jan.
12,400
2,240
f liver
IncreaM
1876.
$53^8»
4:)),904 It
Connecticut State and Municipal Indebtedness.- The Comptroller has made a report to the Legislature on the indebtedness of the counties and municipalities of the State. Adding the
indebtedness of the State government, the total indebtedness is
133,118,027. The iteois that make up this sum axe aa fo Hows
same periods have
Jan.
$821, i83 61
Kxpeuscs
Net earnings
1.81ii,6al
port darint; the
tliia
Kaminga
$1,184.73)
1870
1869
19«8
Increase.
$39.0«« 38
15,«Ti «T
8S,4M 8«
:
1377.
1871
95l.oa
The imports
For six months ending December 81
»846,130
187B
I.
H8,«4t 93
45,907 13
...
Six months' interest on bonded debt..
89
10
83
09
30
.
Surplus
Ohio
$831,28178
1877.
$9.38,316 25
512,262 13
548,354 64
$309,019 63
219,06J 00
$389,661 41
219,060 00
$89,939 6!
$170,60141
Increase.
$116,93149
38,392 71
$80,041 78
&
Mississippi.- The report for December, 1877, of Mr.
John King, Jr., as Receiver, shows the following
:
RECEIPTS.
Total
$1,750,000
$7,127,350 15
g4,?,62,0O7 16
Balance, Jan. II
100,333,011 63
3^,836,704 03
Balance. Jan. 18
102,137,310 93
33.639,064 45
$5 513,030 90 |4,769,630 53
From
we have
the Comptroller ot the Currency, Hon. John Jay Knox,
the following statement of the currency movements and
Treasury balances for two months past
U.S. Bonds held tu security from Ifat. B'ks.—
Oct.
Nov.
Dec.
Bonds for circnlation deposited
$
$4,768,500
$2,3 ll.dOO
"'
Bonds for circulation withdrawn
1,--:S4,'00
2,686,850
'
Total held f,>r circulation.
Bonds held as security for depo-its
Legal Tender Notes.—
Deposited in Treasury under act of June SO,
now on
346,:8I,350
13,988,000
171,600
198,000
deposit. Including Uquidatiug
banks
Retired under act of January 14, 1873
Total retired nrder that act to cnte
Total amotuit of greenbacks outstanding.
National Bank (Circulation.—
Now circulation issued
!
11.987,301
3,150,604
...
80,66'i.712
331,340,2:8
Circulation retired
.'
Total circulatiou outstanding— Currency.
..
Gjld
Notes received for redemption from—
New York
Boston
'.'.....
Philadelphia
Cincinnati
Cliicigo
."
MlsceUaneoKs
,\
.;;
]
\
"
Total
Treasury .Vouements
—
Balance in Trejsnry- Coin
Curre-ncy
Currency held for redemption of fractional currency.
Coin
S4i,130,550
14,373,090
oertlflcates
ontstandlng
.
.
.
..
....
ll,T80,.17il
4,'2-^6
27,730
784
Tottl.
$113,607
niSBDRSEXENTS.
November, 1876
November, 1876
Vouchers subsequent to November 17, 1876
Vouchers prior
Arrearages
to
i>rior
$3,379
86
to
198,776
114,£60
Pay-rolls subsequent to November 17, 1876
Arrearages subsequent to November 17, 1876
Cash on hand January
1,
448
1878
97,665
319,943,776
3,938,255
1,385,767
1.745,640
691,83i
319. 219,-59)
1,413, 130
3:0,340,3'<5
4,911.000
7.887,000
973,000
72,000
141,000
3,403,0o0
8,341.000
9,235,000
1,018,100
$17,310,000
$17,223,000
133,970,214
8,816,898
139,5!8,4fti
9,806,003
3«,39i,400
$413,607
United States Treasury Circular— Four Per Cent Bonds.—
The following was issued this week
:
1..396,513
33,0511,234
1,4-32,130
1,'>7,0
3,523,iX;0
5,49S,841
10,0,-0,000
33,434,900
Bank Taxation.— The followinjr is a decision of the United
StateK Supreme Conrt
No. 64C.— Farrington vs. State of Tennessee and Sh"lby county. Error to the Supreme Court of Tennessee.— The plaintiff in error in this case represents the Union
ami Planters' Bink of Tennessee, who.-e charter declares, " ihit
it shall pay to the Steta an annual tax of one-half
of 1 per cent
on each share of the capital stock subscribed, which shall be in
lieu of all other taxes.''
In 1873, under subsequent legislation,
the stock of tlie company was taxed for State and county purposfs at the par value of its stock at the rate fixed by the later
statute. The Court hold that the bank was exempt from
any
different rate of taxation thau that fixed in its charter by the
compact llieiein contained between the State and the corporation,
and that tlie fubsequeut legislation was void as impairinf; the
obligation o! the cjntract. R-iveraed. Mr. Justice Swayne delivtred the opinicn. Dissenting— Justices Strong,
Clifford and
i-ield, who held that the exemption of the
contract does not extend to shares of the bark taxed aa property against individuals
holding them. Four other cases are disposed of by this decision
:
$3S,4S8
342.437
1
From station agents
From conductors
From individuals, railroad companies, &c
From express companies
Tntil
1874
Total
'
Cash on hand DeCLmber
Tbeasdby Department, January
16,
1878.
The Secretary
of the Treasury hereby gives notice that from the 36ih lust.,
and untn further notice, he will receive subscriptions for the 4 percent funded
loan of the United States, in denominations as stated below. Ht par and accrued intctest in coin. The bonds are redeemable after thirty years Irom
Juiy 1, 1877, and bear interest payable quirtorly on the first day of January,
April. July aad October of each year, and are exempt from the payment of
taxes or du:ies to the United States as well as frum taxation in any
form by, or under, State, municipal or local authority. The subscription
may be made for coupon bonds of $50, $100. $500, and Jl.OrO ; and for n gistered bonds if {50, $100, $300, $1,00 1, $5,0(0 and tld.OOO.
percent
of the purchase money must accompany the subscription ; the remainder may
be paid at llie pliasnre of the purcbastr, cither at the time of enbscription or
within thir:y days thereafter, with interest on the nmo iLt of the subscription
at the rate of 4 percent per annum to date of payment. Upon the rectipt of
full payment, the bonds will be trausmilted, fiee of charge, to the subscribers,
and a commission < f onc-fourih of 1 per cent will be allowed upon the amount
of subscriptions, but no commission will be paid upon any stn^'le subscription
less than $1,000. Forms of application will be furnished by the Treasurer at
Washington, the A*si6taiit Treasurers at Baltimore, Boston, Chicago. Cincin-
Two
nati. New Orleans. New York, Philadelphia. St. Louis anl San Francisco, and
by the national banks and bankers generally. The applications must specify
the amount and denominations rtquired, aud for registered bond* the fall
nam-* and pnst-t flice address of the per^on to whom the bonds shall be made
tjayable. The interest on the registered bonds will be paid by check issued
by the Treajurer of the Un' ted Slates to the erder of the holder and mailed
to his address. Th*! check Is payable on presentation, properlv indorsed, at
the offices of the Treasurer and Assistant Treasurers of the United States.
he payments miy be made In coin to the Treasurer uf the United States at
Washington, or Assistant Treasurers at Diltimore. Boston, Cbi'*aso, Clncinnati. New Orleans, New York, Phlladclpbia. St. Lnnis and San Francisco. To
nromote the conveu'ence of subscribers, the department will airo receive In
lien of coifi, calti'd bonds of the United States, c* upon-« past due or mataring
within thirty days, or gold crrtiflcites issued under the act of March 3. 1863,
and national banks wi I he designated as depositories, under the provisions
ol section 5,1,^8 of the Revised Statutes of the United Sutcs. to receive dep: sita on account of this loan, under regulations to be hereafter pr-t»cribcd
I
SuEBMAN, Secretary of the Treasury.
issued their circular under date of
January 13, giving interesting computations of the rates of
interest paid by dlffertat securities at their current price*. Aa to
Qovernm-nt bonds, they say At current quotations, the 4 per
cents yield 3 lo-lG per c^nt per annum on the investment; the
per cents yield 4 3-16 per cent the new 5j. 1881, 3i per cent
the currency 6», 4^ per cent the
tlie 6s, 18S1, 3 15-16 per cent
longest a little more and the shortest a little leas.
— Messrs.
Jo.iM
Owynne & Day
:
H
;
;
—
;
:
.
. ...
THE CHRONICLE
60
SauJicca*
€t)t
[Vol. XKVI.
Closing prices of securities in London have been as follows:
©alette.
Jan.
Jan.
4.
No
recently been annonnced
n. S. 68, 5-20S. 1867
tr. S. 58. 10-408
5s of 1881
New 414 per cents
Name op Compant.
:
When
Per
Books Closed.
Cent. Payable (Days
inclusive.)
do
pref
&
Mill Creek
Jan.
Jan.
Jan.
Jan.
Jan.
Feb.
2
3
& ER
MinehiU Nav.
6
Schnylkill Valley Nav. &
St. Lbui8 Alton & T. H. pref
ER
|,.
On
On
On
On
On
18.
18.
18.
Jan. 25 to Feb.
1.
10
8
7
5
10
Merchants'
1.
Williamsburgh City Fire (Brooklyn)
Tlie
dem.
dem.
dem.
dem
dem.
Feb.
1.
On dem.
FRIDAY, JANUARY 18, 18T8-5 P. M.
Money Market and Financial Situation. The
week has been unusually free from disturbing influences,
and business men have exchanged congratulations over the nondevelopment of new frauds or instances of corporate mismanagement. It seems to be assumed with some confidence that tbe
silver bill will not be passed, and gold has fallen off to the
lowest figures yet reached, touching 101^ on Wednesday and
to-day.
Secretary Sherman throws open the four per cent loan
past
Loans and dis.
Specie
Circolatlon, ..
Net deposits..
Legal tenders.
$339,356,400
25,207,500
19,787,100
201,<)81,.5C0
34,612,000
United States Bonds.
Int. period.
ta,lSSl
S«.*S81
reg.. Jan.
coup. ..Tan.
68, 5-20S, 1865, n.t... reg.. Jan.
6a, 5-20s.l8G5,n.i.. coup. .Jan.
6», S-208, 1867
reg.. Jan.
14
12.
AJnly.
107
Jan.
Jan.
15.
16.
17.
18.
106?i
107)i
103>i
106'^
106 Ji
103H!
107
107
103 V
1065i
106X
103Ji
103
I03H
*105)tf
.
ma
103X
106
elags
Jan. 16
107
ns^
Jan.
105>i Jan. 16
2
has been some im-
. .
Shoe
&
Leather
(jlrocers'
30 < ity Kiie Ins
137
8 Qermania Life Ins
125 >^
15 Lamar Fire Ins
101
3! Mechanics
Tradera'Nat,Bk.l03
125 Producers' Cun. L.
Pet'm
Co
40
&
Bank
Dry Dock E. B'dway & B.
RR .ist m. 7s, 1015i@liilV4 & int.
B'dway & 7th Av. RR. 1st
m. 78, 101Ji@101>i and interest.
20,000 B'dway & 7th Av. RR. Ist
$15,000
100)i
90><
94
llOJi
11,000
mort. 7s, lOlJi and interest.
2,000 City of Cin. 7 3-10s,dueMay
!, 1905, 105 and interest.
3,000 .3d Av. RR, Co.7s, reg. due
1890, lOlJi and int.
5,0C0 2d Av. RR. con. mort. 78,
107
Bank
&
BONDS.
115X
75
75
98-95
70
275
Grocers' Bank
Long Island Bank
145
165
lOP^irkFire Ins
115Jtf
80 Mechanics' & Traders' Bank.. 105
110
237
163
.
50
170
I
due
I
6,000
May
B'way
mort.
1
90^
1, 18'^8
&
7th Av.
Ts, lOlJa
and
RR.
Ist
int.
.
4.
MlBsouri 68, '69 or '90
North Carolina 6s, old
Virginia 6s, consol
.
,
13.
80 !4
S3X 80'<Jan.
8
•104 wr 104;^ Jan.
•16
•35>i 33)^ Jan.
4
•15
35K
•67
District of
Columbia, 3-65s 1924
.
Central Pacific 1st. 6s, gold . .
Chic. Burl. & Qiiincy consol. 7s
Chic. & Northwest'n, cp., gold
Chic. M. &St.P. C0D8.8, fd, 7s|
Pac. (is, W17
Chic. K. I.
Erie 1st, 7s, extended
&
76H
ma Jan.
6HV •«5-«
104
1114
103's
•109^4 •I09« 109
.3« 91?i
93,«
92^
!ll=<
91)»'
92
....
xOO^ 106 i; •lC16i[ 106
•111
110
•lllM
*x03 •109>i •IO9U1IO9
V
•119
118
Ilud. 1st, coup.
xll8
119
Miss,, cons. sink, fund
Ohio
•9SH •USX 99Jf
•117« •118 118K
Chic. 1st
Httsb. Ft. Wayne
•105%1104
Iron Mt., 1st mort. *103,S,' •104
St. Louis
Union Pacific Ist, 6s, gold
xl04
lOlV 103!i!l03JJ
sinking fund.... •93'/^
do
a5H 95Ji 93>i
* This 18 the price bid; no sale was made at the Board.
&
18
7 104J£ Jan.
3
1
'bli Jan.
76X
65 W
x;04>i
.
&
Highest.
82X Jan.
36
Jan. i?
•40
LakeSh. AMich.So.lstcons.cp
Michigan Central, consol. 78.
105« •105!,' •106« 105X
•115
Morris & Essex, 1st mort
115X
11.5V •117
N. T. Cen.
1
•t.7
•40
Railroads.
Ontral of N. J. Ist consol.
Lowest.
11.
*m%
16
S3«
,
&
5
76>i Jan.
7
U
Jan.
13 lOlJi Jan. 3
3 109x Jan. 5
14 92K Jan.
8
Jan. 8
5 92
Jan. 17
5,107
7,110
.Ian.
7
7|
67
Jan.
Jau.
Jan.
Jan.
Jan.
Jan.
Jan. 10|109>« .Jan. 10
Jan. S'tWii Jan. 16
Jan. 5 115"4 Jan. 6
Jan. 7 119
Jan. 11
Jan. I61 99K Jan. 15
Jan. 15|118« Jan. 15
Jan. 7tl06>i Jan. 15
Jan.
7il04Ji Jan. 8
Jan. 71 V5% Jan. 10
—
103;.'
m%
ma
.
The range
2
cated) 10.) shares for g86,
100 do. $65, 100 do. J65.
10 Commerce Fire Ins
3b Gerniania Fire Ins
25 Hamilton Fire Ins
20 Gtrmania Fire Ins. Co
1(9
301
136>^
IDoi^
States.
m'4
my.
120Ji
Jan.
lOSti
107X Jan. 2 109 Jan. 17
105X Jan. 2 106% Jan. 15
Closing prices of leading State and Kailroad Bonds for three
weeks past, and the range since Jan. 1, 1878, have been as follows;
Jan.
Jan. ^Range eince Jan. 1,1878
Jan.
mv.
A July.
Currency, 1S98.. reg. .Jan. <fc July
Currency, 189T.. reg.. Jan. & July.
..
Currency, 1898. .reg. ..Jan. & Jnly.»119!4 *n9>i *m}i
Currency, :899.,rej;.. Jan. & July, 'lig,^ »119i5
•This Is the price bid; no saie was made at the Board.
ee.
68,
69,
6s,
.
Eist River National Bank
20 Greenwich Fire Ins
lOBTs;
laiii
108)i
lOiy,
*107)i
108
—
104%
20 Park Fire Ins
51
Resolute Fire Ins
N. Y. Life Ins. & Trust.. 354aS63X
Municipal Gas Light Co
95
4
128
19
20
40
30
140
40
105Ji
lOSJi 105V
105'i
'108
108
103
lOHV
108)i *108X
*.0H*1
6s, 10-40S
107'^
107J4 •ia7Ji
'""
5e,10408..,
lOj
lOTJi
108
6s, funded, 1881
rcg..Qnar.— Peb.*106 »105J< xli>4% 105>i 1C5
105V
6f, funded, 1881. ..coup.. Quar.— Feb. lO.iJ^
10575 105 Ji
106 >i 106
l(Ki'4
4HS, 1891
reg..Quar.— Mar. 103^ 10334 'lOSM
*104
104
coup. .Quar.— Mar. 1D3X lOiV lOiji 104
4M|8, 1891
1U4
•103;;
4e, registered, 1907
Quar.— Jan. 101 '; 101), 101 s< 101?i WIH 101 ',<
4b, coupon,
1907
Quar.— Jan
102Ji
lOiii loax '102
102>i
6s, Currency, lS95..reg..Jan.
66,5-208,1867
8e, 5-20S, 1868
6s, 5-208, 1868
104Ji
136
100
Y
N.
&
Jan.
'loa;^
102Ji
lOOJi
108 Ji
105 J4
Drovers'
Stuyvesant Safe Deposit Co.
20 Knickerbocker Fire Ins
:
Jan.
&,July, 'loex 106^ »106X
& July. »103
& July. 103
& July. lOSJi
coup.. fan. & July, 10.5W
reg.. Jan. & July. »107X
coup. .Jan. & July. 109
reg.. Mar. & Sept. 107^
conp.. Mar. & Sept. *107Ji
&
2')
business, cliiefly on an investment demand from moderate purchasers.
The foreign bankers have not been large sellers of
imported bonds, although their supply has gone far to meet
the current demand of the market, as there is iess dispisition
among holders here to sell their bonds. There have been a lew
purchases by savings banks, and they have apparently not found
BO large a demand on them from their depositors since the opening of the year as they had anticipated. An important event of
the week is the circular by Secretary Sherman, terminating his
contract with the 4 per cent syndicate, and inviting popular
Bubscriptions to the loan.
Jan.
Bank
125 Nal'nal Butchers'
ter,
— Governments have shown a very fair
Jan.
330 National Ciiizens'
Broadway Fire Ins. Co
10 Clinton Fire Ins. Co
50 Peter Cooper Fire Ins. Co
40 Firemen's Ins, Co
.314 Pacific Firein,?. Co
20 People's Fire Ins. Co
264 Westchester Fire Ins. Co
20 Brooklyn Life Ins
IJ.
Closing prices at the Board have been as follows
I
90
1877.
1876.
Differences.
Jan. 13.
Jan. 15
$23J,93a.3O0 Inc.
?679.!)00 8254,173 400 8261, 653,11
27,098,200 Inc. 1,385,700
39,737,400
23 3u«,lC0
lO.tei.BflO Inc..
74,500
15 517,300
18,515 800
293,666,000 Inc.. 1,6S4,500 223,8ii8,3 X) 216 058 500
34,8M,010 Inc..
192,000
37,C43,900
44,55ii530
Jan.
1035i
106K
Bank
85
5 Market NationaipSank
103^
15 National Bank of Commerce,. 120
523 East River National Bank,.6j>i-69
104Firrt Nat'l Bank of Portches-
,
1878.
5.
I
108
I
Bank
126 Pacific
New
Jan.
iOm
106,^'
1
:
for popular subscriptions, but the opinion of bankers (influenced
possibly by their own interests) inclines to the vie v that any
loan, however good, is less likely to succeed withoat a good
agent or combination of agents to push it.
Our local money market has become more settled, and, with
some exceptional transactions at 7 per cent, call loans are generally quoted now at 5(36 per cent.
Prime paper is selling fairly
at 5(a6i per cent.
The Bank of England statement on Thursday showed a gain of
£75,000 in specie for the week, and the reserves at 40§ per cent of
liabilities, against 39f per cent the previous week.
The discount
rate remains at 3 per cent, while money in the open market is
quoted at 2 per cent. The Bank of France lost 16,800,000 francs
in specie.
The last statement of the
York City Clearing-House
banks, issued January 12, showed an increase of |1, 656,575 in the
excess above their 25 per cent legal reserve, the whole of such
excess being $10,080,700, against $9,324,125 the previous week.
The following table shows the changes from the previous
week and a comparison with the two preceding years
.
1
I
in Southern State bonds, and j-rices of several issues
Louisiana consols have been active lately
are decidedly firmer.
on a demand from New Orleans, and about $70,000 changed
hands at 83, 83J, 82^, and the latter price bid at the close. Alabama consols, class A, sold at 41^(843, and are wanted at this in
South Carolina consols are quoted at 60(^70 for those
the State.
exchanged for old bonds. Virginia consols close at 55 bid.
Tennessees are neglected at 35(g36.
Railroad bonds hold their own well on a moderate business.
There has not yet been a very active investment demand this
year, but with the standard of interest on government bonds
pitched at 4 per cent per annum, oi the best State and city bonds
at 5 to 5^ per cent, and on real estate mortgages at
per cent,
there is little doubt that railroad bonds carrying 6 and 7 per cent
mortgage
security
with good
will meet with an active demand
from investors.
Messrs. A. H. MuUer & Son sold the following at auction
SHARES.
SHARES.
3'0 Bankers' & Brokers' Associa81 Peoria & Bureau Valley RR.
Co
tion (50 D. c. paid, hypothe106K
31.
81.
Insurance.
Continental
107%
provement
Jan. 19 to Jan.
Jan. 19 to Jan.
31.
31.
105H
and Railroad Bonds—There
State
Railroads.
Central Ohio
18.
I
.1
DIVIDENDS.
The foUowin£ dividends have
.—Range since Jan, 1, 1878.-^
Lowest.
Highest.
Jan.
1
11.
Natioaal Banks organized duriag the past week.
'119Ji •120
'120X 'lao^^
Kailroad and ITIlscellaneoua Stocks. Tbe stock market
has been somewhat irregular and tbe movement of prices has
indicated speculative influence.
Early in the week prices fell off
and there was a decidedly bearish look to the market, but subsequently on the covering of short sales there was an upward turn,
and to-day the closing figures are not much different from those
At one time the attack on leading speculative
of last Friday.
stocks, accompanied by the usual bear rumors, had the appearance of a movement to depri'ss prices for the purpose of buying
in, and it was conjectured that it would probably be followed in
due time by a new bull campaign. Ij&ke Sliore has been by far
the most active stock, and reports Lad it that some of the memThe notable
bers of the pool of last fall were large sellers.
event of the week was the conclusion of the agreement among
the coal-carrying roads for a combination to limit the production
of anthracite coal and maintain the price
it is reported, however, that no agreement has been signed, in order to avoid any
liability under the New York statute against combinations.
Total sales of the week in leadinir stocks were as follows
;
in prices since Jan. 1, 1878,
and ihe amount of each
of bonds outMtandins Jan. 1,1878. were as follows:
:
Range
68,
68,
68,
68,
Be,
88,
coup.
1881
5-SOs, 1865,
5-20S, 1867
5-209, 1868
new. .coup.
10-408
coup,
coup.
coup,
funded, 1881
coup
4Hb. 1891
48, 1907
68. CnrrencY. 1899
since Jan. 1, 1878^
Amount Jan. 1.
Highest.
Registered.
Coupon
5!107« Jan.
8194.024.500
88.71 1,8.')C
47.046,950
Sl)03ii Jan.
69,856,400
Lowest,
106^4 Jan.
102Ji Jan.
106>i Jan.
106^ Jan.
107K Jan.
106)i Jan.
.
North-
.
4(106
Jan.
Jan.
2,109
7il08
Jan
10B1< Jan.
98,587,400
15,750,500
142.551.75,0
coup, 103^4 .Ian.
coup. 10! 3i I'an.
104K Jan.
102% Jan.
221,238.300
118,474.200
61,044,400
ree. llHij .!an.
I19;< .Tan.
64.62:1.512
212,029,800
21,714,800
52,013,550
287,202 (150
81.523.800
13,855,600
Lake West'n
west. Shore. Union.
Jan.
12
14
15
IB
17
18
Total..
Whole stock
.
4,200
4,950
.5,400
30,800
73,115
50,900
15,850
.^6,018
.3,300
31.000
20,050
6,100
11,195
4,300
11,500
6.600
1,920
4,!i50
St.
Paul.
14,100
6,900
6.300
9,:oo
10,500
10,470
Mich. Del. L.
Cent,
144
300
1,900
800
200
& W.
20,251
36,?24
16,120
15.300
8,800
B,40J
Del.
Erie.
3,000
&
Hud.
8,71)0
1,800
3.519
4,197
3,720
1,470
12,415
838
900
2.614
5,800
15.5.34
3,.344 103,594 32.449
S9,600 273,833 40.403 B6,9"0
151,031 494,665 337,874 153,992 187,382 534,000 780,000 S00,C0O
,
January
The
the
numlier of shares of stock oatstandlag is given in
purpose of comparison.
daily iiiirhest and lowest orices have bepn as follows:
V.MU.&Ri.f.
do
Baturaay, Monday, Tuesday, Wednes'y, Thursday, Friday,
Jan. Vi.
Jan. 11.
Jan. 15.
Jan, 16.
Jan. i;.
Jan. IS,
n I8H 16V la
ir
IS
16
t7X
I7X 17X
16X UK
....
lOiiX lOiX •lOJ
I02X IWX IIMX IWX lOiX U'2X •102
..
.
pref.
Chic. 4 North.
do
li. I.
4
38
08 H
SSV)
36
Pac.
We«
8$
Krlc
Central...
...
8X
8K
8X
8X
Il>4
•IIX
J4X
''*
li^ "73X 14 X
eox Six
61 X «2X
«UX 6Ux 60
6UH
>*
^*>i
75X 16
g*
ra
12
24 X
IIX
1b3
lOllX
8H
81?
Mix esv
'^x
West. Un.Tol.
106 X
IWk
'X
8X
8X
?iX
68X
21X 22
16X
14X
I''^X
68 X
«
«8X
:6X 17
it
'....
«x
M
<7X
X
HX
75X
98
99X
48X 4SX
99
«X
S3X
69X
85X
«2X
SiJ
SOX SIX
51X SIX
§15^
»X
•11
9X
MX
8X
>X
ThU Is
•
...
•7.<lf
74
60X
•fi*
•15
f^''
I6X
•
'•ii>4
....
•28X
lU
I2'<
26;J
"TSV
74X
12 X
61
X
60X
•60X liOV
X
I06X
106X
7X
106
7X
47
83
75X 73X
imx
7V
22X I3X
•....la
15X I5X
67X 67X
76X 76X
99X 99X
48X 49
67X 6JV
75X ;6X
99
9»X
47X 4SX
01
60X
75X 75X
6t)X
S2i^ 23M
124
123
15
15X
"....
...
9X
25X
nx
2IV 25
2IX 24 X
73\ 74X
60
«1X
(0
«ov
74
75X
7
63«
ii!<
....
SSX S9X
C9X m
86
36y
62X 63X
99X C9X
50X 51*
50X .'ilX
38X
6«X
86X
>;>
105« 106X
122
.
3TX 3SX
69
69X
35X 8«X
«1X 62?
9SX tax
...
47X •UK
47X
SSX 83 X 8SX 83X
83
83X 83X
•15
...
16
I6V •15
16
15X •15
....
•2SX 80
sax
30
•28X
•28X
the price bid and asked : no sale was made at the Board.
Quicksilver....
do
pref.
*
'21
•
ISX
5»X 60X
51
59X
!5
71$
106X
8
82
mS**.^
la
I6H 16X
Adams Exp,., if
98V
American Ex
•«x
United States.
Wells, Fargo „
85X
«2X
»»X
49K «2X
SOX MX
93 X
52
•ll>i
•23
Ohlo4MlM...
Panama./
Wabaeh, stock
Union Pacific.
.«
X 6»X
WX
MX
RJX K-K
sax MX
»
HX
83Ji
Michigan Cent
Morris 4E88ex
N.Y.Cen.4H.li
FaclflcMatl...
68
SIX 5iX
Han. &8t. Joi
do
pref.
Lake Shore
38X
37
mt
63H (B«
MX l»K
<9X 51
pref.
Dvl.4 H. Canal
Dol.L.4
SIH
•
7X
23X
7X
a^
lax
122X
15
67:^
I5X
SIX
»i)i 100
49
49
'.... 41X
&1
"...
16
;
Shares
.Tersey
£
Chicago Burl. & Qiiincy
Chicago Mil. & St. Paul
Jan,
18X Jan,
Jan,
Jan.
do
do
pref. .
18,605 68?4 Jan.
Chicago iS: Northwestern
Jan.
89,800 34
do
do
pref... )S,3
61 H Jan.
Chicaeo Rock Island & Pacific.
12,.V)0 98?i Jan.
Delaware Jb Hudson Canal
15,5.M 45
Jan.
Delaware Lack. & Western
li 3,594
46K Jan.
Krie
32,449
7% Jan.
Baanlbal
&
380 102
58,970 36
St. .Joseph
do
do
pref
I
Lake Shore
Michigan Central....
& Essex
....
N. Y. Central & Hudson River..
1,800 23 X Jan.
Jan.
1,703 73
873 883 59Ji Jan.
.1,844 S8K Jan,
Morris
OUo &
5,103 71
8,580 105 Ji
8,450
7
13,740 21^
im 112
Mississippi
PaciflcMaii
Panama
Wabash
'.
...
ftock
1998 14X
Union Pacific
Western Union Telegraph
6,615
40,465
705
Adams Express
American Express
240
United States Express
Weils, Fargo & Co
Quicksilver
do
pref
The
3914
7SJ£
33
6!Jf
100 X
f2J^
!>2S
10
10'< Jan.
400
Illinois Central
102X
64X
7oVi
98
47!4
46X
P3
!
82!4
!!,*!'! [i
...'..'..'
16
.'.'.'.]
30
Jan. 18
Jan. 9
40Jii
Jan.
15
Jan.
Jan.
Jan.
Jan.
Jan. 18
18
74 Ji Jan.
1
63
75 ;j
<ian,
»1
12XJan.
S6X Jan.
6.3;ii
Jan.
108.'^
Jan.
8X
Jan.
2i%
Jan. 512)
Jan. 15 17>i
Jan. 4 69
Jan. 15 78X
Jan. 8 100
Jan. 14 50
Jan.
48
Jan.
8r"<
Jan.
16
Jan,
30
6
14
Jan. 3
8
«
8
8
14
Jan.
Jan.
Jan.
Jan.
8
7
m%
n
42X
73ii
43J4
37% mit
82X 105X
25X f4X
soy,
*y,
7
17
Friday,
"
73 J4
74K
9
7
Jan. 16
85)4ll09U
Jan.
Jan.
Jan.
Jan.
Jan.
Jan,
Jan.
SO
92 V4
J-.in.
26^
130
59?i
66
91
73
84X
115
43!4
36
Ian.
60;<
59X
81
90
13
24
19J4I 45
Jan,
Jan,
and
latest railroad earnings,
tlie totals from Jan. 1 to latest
dates, are given below.
The statement includes the gross earn
Ings of all railroads from which returns can be obtained.
The
columns under the heading " Jan. 1 to latest date" furnish the
gross earninnfs from Jan. 1, to, and including, the period mentioned
in the second column.
•
Latest earnings reported
1877.
Atlantic & Gt. West.. Month of Nov., $377,(129
Cairo
St. Louis
2d week of Dec.
3, "46
Central Pacific
Month of Dec... 1,317,000
Chicago
Alton
Month of Dec. .. 3)4.781
Dakota South ru ...Month of Nov..
24,37
Gaiv. Har. & .San A. ..Month of Nov..
101,701
Illinois Con. (I il.line).. Month of Nov..
452,048
Int. & Gt. Northern. ..Monih of Dec...
201,2:8
Missouri Pacific
Mouth of Dec... 317,^49
Mobile & Ohio
Month of Nov.
252.766
Nashv, Chatt. & St.L..Monih of V'.o....
163,064
New Jersey Midland.. Month of Nov..
62,5il
Pad. & Elizabetht'n ..Month of Dec.
.30.4.37
Fad. & Memphis
Month of Dec...
19,43i
Phila.
Erie
Month of Nov.
353,416
St Joseph & Western Month of Nov..
6i,392
8t,L.*S.E'n(StL.div.;3d week of Dec,
11,381
&
&
.
(Keu.div.)...3d
weekof Dec.
" (Tcnn.div.)..8i weekof Doc.
St. Paul & S. City
Month of Nov.
Bionx City&Sl.Paul. .Month of Nov..
Southern Minnesota .Month of Nov.
Union Pacific
Month of Nov..
»,
Ateh. Top. * S. Fe . let week of Jan.
Bur. C. Kap. & N<irih.2d week of Jan..
.
Chic
Mil.
.
* St. Panl...8d week of Jan..
& D.,&c.. Ist wiek of Jan.
Clev. Mt. V.
& Rio Grande. .1st week <.f Jan.
Grand Trunk
W'kend. Jan. 5.
Great Western
W'kend. Jan. 4.
Deny.
& St. Jo....l8t w.-ekof
Indlanap. Bl. A W....l8t week of
tot. & (;t Northern.
week of
Hanniba)
.
l.'t
Jan.
Jan.
Jan
Kansas Paciflc
1st week of Jan.
Michigan Cenlral... Sd week of Jan..
Mo. Kansas & Texag..IsI week of Jan.
SuL. A.&T.U.(brch8).l»t week of Jan.
&
St. L. I. Mt.
South. l9t
Bt L. K, C.
North'n. 1st
St. L. It, S. Francisco .Ist
week of Jan.
week of Jan,
week of Jan.
Tol. Peoria &, Warsaw.. 1st
w
A
1676.
$596,313
Jan.
1
to latest date.
1877.
{
1876.
$
4,.-82
i-a.sei
25I,7:!6
1,421,317 16,':84,319 18,124,112
374,351 4,483,.i53 4,9fiO,S28
17,897
191,357
185,116
120,878
4-W,614 4,6«!,525 4,994,790
213,9-8 1,558,S78 1,441,805
324,214 3,^51,251 3,711, .'21
284,590 1,B75.S23 l,78fl,:fll
139,237 1,749,218 l.lior.fll?
65,981
634,234
611,(98
.
&
.. w
,
ek of Jan.
7,741
3,1C1
67,441
49,251
85,870
1,115,009
1878.
$.35,ii25
42,462
144,000
6,343
11,531
150,191
89,0S)O
88,00
22,S26
27.298
55.294
118,695
4.'.153
7,681
8l,'i00
46,116
2 1,'33
20 380
63,227
17,104
307,900
51,236
15,692
8,260
4,225
55,589
35,593
71,4-0
189,533
2,915,250
46.5,068
607,612
321,149
149,:i40
498,271
303,Si)5
6i2.107
207,473
3,054,637
411,957
6i!8,256
328,163
151,916
531 318
331.820
S-iUlSS
),236,4,S7 11,547,330 ll,89.5,87i
1877.
{25,411
154^6
79.052
5,687
9.4:9
101,1.93
85,614
27,410
24,386
80,738
47,140
107,731
51,501
9,384
92.4 6
4K,920
2.!,
16
ao,«76
74,32J
1878.
$35,825
66,155
2-0,000
6,313
11,551
150,191
8S,(9J
28,000
22,8;6
27,298
55,894
42,453
7,631
81,6
46.116
20.733
20,320
63.227
1877.
125,411
35,416
It)
1.183
5,627
9.479
101.693
15,614
87.410
81.336
:i0,736
54,501
9,8S4
92,476
48.9;0
21,116
20,876
74,320
figures made since 1863— 101|— and so closes.
It is said that
<5onfidence that the silver bill will not pass has contributed to
this decline.
On gold loans the carrying rates were 7, 6, CJ,
As
5i,
3i per cent.
Silver
is
quoted in London to-day at
London silver market in 1877, the following account,
from Pixley Abells Circular, is of interest ^
to the
15,OiI8,(.(iO
1,331,8.37
n,ft74,ooc
16,629,000
13,624,000
1,810,647
1,401,347
1,151,350
1,871,581
2,100,361
1,437.405
1,174,669
i02ji 101 r-s vav, 101
108J^ 1035i ;08!4
102>i
102^1 101 J4 I02;i ion;
193,416,000
82,914,003
1,700,351
1,715,018
10%
Current week.
Previous week.
to d'lte
The following
Sovereigns
Napoleons
are quotations in gold for various coins
$4 84
$4 89
Dimes & half dimes — 96
3 87
3 92
Large silver, )is&)f 8 — 96
Guilders
®
@
@
@
4 74
3 90
:
® — 97
® — 97
® — 93
® — 94
a —4 85
© 70
© — 97X
!
Five francs
4 80
4 10
16
(^ 15 65
116^4
Mexican
S
dollars.
.
.
English silver
Prussian silv. thalers
klexican Doabioons 15 50
Pine silver barf
116
Fine gold bars
paraj^prom.
@
TradodoUars
— 90
— 93
4 75
— 65
— 96
—
Excbftnse. Foreign exchange has shown but a light business during the week, and bond importers were moderate purLeading drawers advanced their asking rates to day to
4.84^ for sixty days' sterling and 4.83 for demand, but it was not
plain on what this was based.
Bills in second hands sold about
4.81 and 4 84, and after the advance little business was done.
In domestic bills the following were rates on New York at the
undermentioned cities to-day: Savannah, buying par, selling i
premium; Cincinnati, quiet, 50 discount, 50 premium; Charleston, easy, 3-16@l 5 discount, ^@par; St. Louis, par; New Orleans,
commercial, 1-16, bank, \ premium; Cliicago, 75 discount, and
cliasers.
Milwaukee
par.
Quotations for foreign exchange are as follows
:
Jan, 18.
60 days.
.81
Good comnierciai
.79!/.^4 80>tf
Documentary commercial
SlX!a4.82
.79
4
Swiss
.2ax@5.19«
(fra-ics)
39V@
94H®
(guilders)
(reichmarks)
Frankfort (reichmarks)
Bremen (reichmarks)
Berlin (reichmarks)
Boston
b nks for a series of
weeks
1877.
X
123,78 ',900
128,819,900
123.147,100
127.402,700
2,375,000
2,407,000
VJ-i.SD-^S'X)
2,2111,610
126,497,500
Nov. 5,
Nov. 12.
Nov. 19.
Nov. 26.
137,:iS3.10)
2,459,600
2,601,400
Dec
3..
Uer. 10.
1-28,034.700
Dec
17.
l-27,o!'9,703
Dec. 21.
12<,>30,4OO
127,723,900
Dec
v..
1878.
Jan. 7..
-Jan. U.
l-2!l.Q-36,800
l:Jl,OI5,0OJ
94
H
40 J<
95><
95V
95X
95 k
past:
Specie. L. Tenders, Deposits. Circulation. Agg. Clear.
Sept. 24.
Oct. 1...
Oct. 8...
Oct. 15..
Oct. 22..
Oct. 89.
127,951,900
91V4
following are the totals of the Boston
%
129.127.710
129,'03.30U
1-89,44.5, ICO
40
95
95
95
95
40
94X
94JO 94«
94X@
1^4.83
4.81>j@4.82X
®!,.\1X
5.-.0 @5.nj<
"^ 1T>4
5.20
5.20
94J<®
MaukK—The
Loans.
4.82
@4.80
.23X(a5.19Ji
.22V4@5.19}i
Hamburg
83\'@4.84V
4.83!i®4.83K
(^ 81X
Paris (francs)
/Vntwerp (francs)
Amsterdam
.
3 days.
Prime bankers' sterling bills on London
Good bankers' and prime commercial
2,-267,800
$
6,80:.),300
49,446,700
2.1,421,400
6,430,3liO
48,83O,:j00
«
6,811 900
5,427,100
5,505,000
5,947,800
6,226.800
6,180,600
6,074.80)
23,341,000
83.808,0.0
23,987.700
i
•5,75.5,401
49,458,400
48.339,800
48,427,800
4S,7TO,800
51.011,800
51,70-3,40
50,902,500
51,877,300
50.673,600
50,1*8,800
49,748,500
50,211,700
3,847,90!)
6,043,?J0
60,615,'.OD
a4,336,4iX)
4,293,400
5.100,700
5,621,800
5,014,400
52,767,000
51,483,400
84,766,800
2,\19,00J
2,927,-300
2.868,500
a,815,-W0
2,8ll.r03
3,0)4,200
2,940,8)0
2 9r-,aoo
6,61)8.200
5.601,500
5,647,500
5,5-10,500
Phlladelpbia Bank»^-The
84,037,<100
23,949,800
84,157,000
24,286.80)
24,431,500
24.319,700
24,410.200
24 637.200
24,561,400
2I,.55'1,00I
24,3:10,900
41,080,580
40,827,565
53,175,098
47,046,262
50,592,119
44.510,414
49,711,719
51,259,798
50,037,149
47,123,540
42,Sffi.'8<
47,9)7.363
45.50*,579
48,873,410
89,552.906
5S.110,10S
51,433,371
totals of the Phlladelohia
banks
are as follows:
Lo.ins.
47,140
Wabash
l»t week uf Jan.
Ttae Uolft Market.. Gold has this week gone to the loivest
6, i\, 3, 2, and
63Jd. per oz.
102
102
102
lOlJi
m%
7'.)
13;i
14....
.Hi
15.... 102
in J4 102Ji
IB... lOlJi
102X
17.... 102
10
108X
18.... 102
102
XXReichmarks....
40^
35X
2 51V
.
Spanish Doubloons. 15 70
45
13,596,910
-Quotations,
4>notations.
(4oM
Rftlanfj.g
Gold
Balances.Op'n Low, High CIOB. Clearings.
Gold.
Currency,
102fi I02X $16,752,000 $l,805,50l|$l,654,74T
KB^ Wiy, 102 102X ;3,459,000 1,118.500 1,145,529
"
"
"
"
X
£
21,147,000
19,460,000
Jan. 1!.... 102 Ji
Monday,
Tuesday,
Wednesday,
Thursday,
1
1877.
£
13,278,-380
I
Saturday,
Jan.
1876.
£
9,508,567
8,650,122
of gold and clearings and balances were as follows:
77
15
7
8
11,797,994
12,355,438
li>,->55,500
The range
1875.
£
...12,302,220
,
Low Hlah
Highest.
Lowest.
13^
0,778
1674.
1873.
Imports
SiportB
,
New
61
The variation between the highest and lowest prices of silver has not been
so ureal during the past year as It was In 1876, when the difference waa llKd.
per 07..; still, the changes have been yrry numeroas. In January iha market
opened at 5«Jid., and improved to 58X'd. per oz., the highest point toocbed; It
slowly bat steadily decliued until March, when sales were made at 33xd., the
lowest rate. From that time until September about Bid. was obtained; but In
October large Indian orders cansed a steady use to B6Sd.
The market
bccamo weaker, and prices fell to 64d., the quotation at
the
close
of
the
year
being
68Xd. per oz.
The traDSsc'lons
of 1877 have been of great magnitude,
the exports to India having been considerably increased by the requirements for famine purposes,
and by the cessation for three months (aoth September to 12th December) of
the Council drifts on India, the total sent thither having amonnted to 00 less
than £12,618.000; in addition to this aliout £1,500,000 has been sent from
China to Calcutta. The orders for Spain have also been important. The
shipments of silvei, Ac,
during
the
past year from
San Francisco to
China and Japin a-nonnt to £3,333,000.
The supplies
have come principally from
Germany, whence we have received
about £13,300,000 during the twelve months
America has also sent
us £8,500,00il in the same lime. We learn from California that the production
of silver in the United States during 1877 wa» estimated at about £9,500,000.
The highest price of the year was68^d. ; the lowest. !>md.; the average being 51 13-16d. per oz. The imports and exports of silver during the past five
years have been
H
Total sales this week, and the range In prices since Jan. 1,
1877. were as follows:
ijales
Whole
of w'k.
Jan. 1, 1878, to dateyear 1877,
Central of
K
:
,.
THE CHkONICLK
1878. J
19,
X
1
total
Central of N.J
Dhlc. Burl.AQ
111.
X
X
.
.
last line, for tb.u
The
C.
«
.
Specie. L. Tenders. Deposits. Clrcalatlon. Agg. Clear.
1877.
%
«
S
t
S
Sept. 24.
61,15-i,5''9
l.34e,.3«0
Ocu
61,088,110
1,376. .571
61,21S,-:5J
14.223,868
13,92 >,867
13.461.572
10,558.898
10,5:9,168
10,576,'00
10,605,836
10,'9-,16»
10,6^8,601
33.937,479
13,274,513
10.68.1,796
>A.»44,8M
10.657,>78
10,6:6.788
10,713.565
10,70»,40J
I0.771,71t
10.779, l»S
10.848,315
10,886,106
Sl,61~.<e)8
10.981.856
10^»ia.63>
37,389,846
a8,SI0,«7»
5.
«0,-«l,».3'i
1.120.515
1,294,076
1.287,578
1,357,001
1,488,897
1-2,
59,943.506
1.48i,4!)2
1.3.577,990
49,S75,(«0
49,072,910
49,298,947
47,768,873
47,>S0.675
48.047,866
47,635.097
47,901,443
19.
59,6i9.ft38
59,1.50 81!)
.59,096,735
59.4l:',288
1.472,538
1.410,124
1.3,6-29,674
4,3.267,785
13.t«:,ie9
1,«5 (Ml
1-3,833,287
47,813,9 T
47.858,8 <7
47.633.S39
46,746,887
46,402.878
46,168,(lt
4r,197,(l64
1...
Oct. 8...
Oct. 15..
Oct. 22.
Oct. 29..
Nov.
Nov.
Nov.
Nov,
28.
Dec. 3..
Dec. 10.
61,013,149
60,812,807
60,731.184
12.9.57,296
12.971,540
13,14.3,712
17.
59,I>70,4'.U
1,348.3-16
1,311.8.59
81.
Dec. 31.
59,468.806
53,566 9-26
l,3l4,8-«
1,517,311
13,498.630
13,187,539
18,9.38,Sn
13,339,831
1873.
.Jan. 7..
Jan. 14.
59.409.507
5}.5iB,451
1.769,238
1,890,177
la-S-iLSSS
13,880,651
Dec
Dec
47JMT.«44
84,831,338
82,856.411
40.60S.826
87,829,614
88.1.24,456
34.f41,aa«
!i3,«r4,<)IO
28,274.583
37,540,789
3a.69l,S«S
85,138,847
28,464,198
1
—
.
.
—
fleiv Ifork City Banka.
The followiner statement shows the
condition of the Associated Banks of New York City for the week
ending at the commencement of business on Jan. 12, 1878;
—
ArERAOE AMOUNT OP
CirculaNet
Legal
Loans and
Banks
S
3,0110,000
2,000.000
1,200,000
3,000.000
1,000,000
1,000,000
.... 1,000,000
600,000
Phoenix
City
Tradesmen's
Fnlton
Cbemical...
Merchants' Exch.
$
fi
S,000,000
'ihattan Co... 2,050,0
Union
America
Spec'e. Tenders.
Disconate.
Capital.
NewTork
Merchants'
Mechanics'
l,73!i,500
6,412,2iX)
673,800
4,im,700
6-Jl,3(X)
807,400
1,61.5.700
7.691.600 1,4!2,8IH1
7.i9,000
2.40«,000
5,163,700 1,418.300
2ii4,t;00
3,113,600
1,673.4''0
2:9,900
10,118.800 l,090,-t)0
300,000
1,000.000
3,203,.500
42*^,300
g,29S,300
1,327,000
1,542,000
543,200
96,000
l.SfOO
&
American Kxch'e.
96l',3(i0
l,7t5,00O
ll,89o,0O0 l,7-l2,roo
13,979,100 1,251,501
4,739,300
322,200
3,4in,100
27:3,600
2,010,800
69,700
3,240,300
333,600
3.i:».700
380,eoO
8.S0O
1,271,700
2,056.000
120,800
4, 114 900
3!4,30O
2,092,0
22,600
13,631,000 1,171,000
1,720,800
96,700
1,987.300
67,600
184,400
2,.535,0OO
1.961,300
106,900
328,-'00
3.067,100
8.012.200
212,100
2.775 000
88,100
1,2:8,.500
2'.400
2.011,000
133,000
I4,8a5,700 1,201,900
ll,i47.300 1,154,000
6^2,700
.30,000
862,700
3,100
913,100
20,000
731,300
7,000
478,700
31,000
13,6''4.40a 1,610,100
6,9:14,000
169,000
1,892,000
5,000,000
5,000,000
1,000,000
l.'OO.OOO
Commerce
Mercantile
422,700
Pacific
Republic
1500,000
Chatham
4.50,000
412,.500
1,000,IX)3
People's
North America...
Hanover
Market...
St. Nicholas
1,000,000
500,000
3.000,000
600,000
1,000.000
1,000,000
1.000,000
Shoe and Leather.
l.OOO.CKX)
Irving
Metropolitan
Citizens'
Nassau
Com Exchange..
1.000,000
1,250,000
Oriental
300,000
Marine*
40J,000
Importers'&Trad. 1, '00,000
Park
2,000,000
Mech. Bkg. Aes'n. 500.000
Grocers'
300,000
40i,n00
North Uiver
Continental
EastKver
.350,000
&
Mer.
liO,o:0
Fourth National..
3,7.50.000
Mannf'rs'
Central National.. 2,000,000
Second Nationiil.
Ninth Nation-il...
300,000
1..500,000
First National....
500,010
Third National... 1,100,000
.
N.Y.Nat. Exch..
Bowery National
New York County
German Amcricau
.3IX).000
2.50,000
.
Total
200,0
1,000,000
4,'.(2,400
2-27,SOO
6,314,100
5,903,000
1.065.905
1.086.3 lO
1,071,700
2,164,600
1,644,700
922,200
36,900
2,400
s
7,458,300
5,19S,M00
6,9)4,500
6.'5.600
556,3f!0
4,791,!K)0
3?,0'^0
7,S00
12(,40O
171,ftX)
13.),00l
3,005,600
6,109,100
2,5S7.0OO
3,890,700
1,801,900
1,369,F00
1,097,600
229,000
Bi2,000
221,700
412,600
1,100
263,100
S,44I,noo
467.400
10.43".,6i:fl
2'>6,2fl0
l,9,-<5,600
•.,1-80,000
947,000
814,000
2,300,900
933,200
1.765,500
8,672,100
';86,000
997,100
577,900
567.600
3.316.400
3,214,600
2,006,700
1,^57,900
5'-8,701
32o.7(!0
450,000
461,700
190,600
193,300
3,0S6,:«)0
398,r,00
1,119,100
1,644,700
6,400
552,:;00
3,4''5,600
2,20.5,000
448.0(0
10,831,000
2 218,000
1,976,.500
1.891,.300
ISO.OrO
3.900
1.593,600
841,^00
2,922.300
1,916.600
1,641,000
l,13i,000
1,926,000
309,4O(.
600,200
1,740,000
515,900
270,100
199,600
193,200
414,700
518,000
383,000
230.00:1
338,000
3,457,800
2,635,900
131.800
150,900
71,Wj
497,810
334 000
4.700
;80,30Ci
873.000
16,4690C0 1,110,400
540,000
305,400
13,5-,3,400
570,000
781,800
1.58.400
69.5,000
178.200
77,600
1,288,600
627,000
96,000
515,-;00
11,3-8,700
1,034,300
1,473,000
270,000
716,000
5,68'i,ooo
1,267,0IX)
54i.,000
1,976,000
3,653,000
7.i88,i00
5,710,200
756,300
839.700
1,212,800
2,201,300
S:!4,600
9i)0,500
667,400
521,810
219,000
319,000
2S6,300
36.8,.500
2,167,2:10
SO-J.SOn
125,2iXI
6,32.!,100
4.50,000
731,000
269,8ilO
224.200
leO.OOO
|
Inc.
luc
14,
Aug. 11.
Aug. 18.
51,809,230
64.262,101
53,014,800
62,693,018
50,789.000
2H,77.'<,10)
18,887,800
14,135,800
15,030,70)
13,449,100
11,250,003
16,010.103
213,920,800
19,':6I,600
4.),3):i,900
211,795,1100
19,913,000
19.274,700
18,ii52,3lX)
4l,04.5,HO0
42,4.54,400
4;,97.5,'00
16.551,;0i3
41,402,000
24:1,890,300
Ang.2-..
Sept. 1,.
Sept. 8..
Sept. 15.
Sept. 22.
Sept. 29.
Oct. 6...
Oct. 13..
Oct. 2;)..
Oct. 27.
241,890,603
Nov. 3.
Nov. 10.
Nov. 17.
Nov. 24.
236,2l!l.ti0,l
Dec.
De3.
Dec.
Dec.
Dec.
Jan.
8..
15.
22.
48,M0,610
weeks
pa^t:
219.166,600
213,411,601
15,585,301
15,639,500
340 012 240
21:3.414.601
15.51.5,900
34175-974
213,ll26,:,03
15,5-5,5I0
4-»,915,0(V)
15,S83..30O
40(j
3t<0
467.621
33,503,403
1 t.3,55!,:309
235,333,.iOO
19,431,800
39,.332,90O
131),5(.1,5I10
16,726,003
17,151,800
17.720,210
17,81l,tm0
2:3.5,329,811
19,7.,:,810
31,g,l9.-.03
191,234,003
233,429.600
238,578,231
237,5)4,003
18,10V>00
18,824,033
40.!?73,8')0
19-i,96l,.500
18.110,300
18,9;).5,0.W
138,478,703
1S.-208,-.00
793 '123
897'2r0 3-5
379 233' 693
4n5li:3-2 V78
419 Siio'lSS
42'1 8 8 6:37
435 8-'2l9
478 105 S40
417,:iS7 433
458 025 653
358 005 167
401 9-o'9:36
417 104 418
369!512'911
488 91' -229
18,67rt,700
421 935'79>>
10.293 90!
19.657;f00
19.787,100
19,861,603
41240l'i;4!i
324::336;660
243,976,401
241,317,800
238,470,900
21S,2;9,601
17.0»ll,:300
40,16,810
23S,13:3,303
16,511,903
3:.,9t'',30C
19.5,661..50)
16,230,:3OO
236.287,400
17,.322.40J
39,-235,100
;3»,531,90J
191,648,700
19!.361,903
15,935,900
18,7<i4,.5O0
19,566,800
.37,5>J2,901
116,9:2 3
193.896,400
19,'i'li^OO
35,067,510
I94,842,.5-I0
22,122,4
:15,:300,.50
29.
2:39.764,20;
2:30,173,913
5
2.3i,2.-)6,100
2.).-;07,500
12.
2:39,!I36,303
27,091,200
Jan
74,.500
Deposits. Circulation. Ass. Clear.
•*
«
S
229,038,303 15,668,400 391,341937
209,450,700
210,514,100
208,582,410
206,724.100
200,711,200
197,853,400
197,171,6-0
2:3.).»6<,3O0
I..
«
*
Inc..
|
L. Tenders.
Spoclo.
252,432,701
219,767,800
245,3i7,20P
Auc;. 4.
192,000
are the totals for a series of
Loans.
«
July
Circulation
1,8^.5,703
.
lO
34,612.000
34,304,000
15,563,403
15,577,1110
15,;.96,100
15,724,100
15,991,400
lo,081,000
197,711,803
211,981,-503
203,668,003
United N.
do
do
do
do
do
58, g'd, lnt.,reg. or cp.
58, cur., re?
5s, new, rcg., 1892-1902 109
68, 10-15, reg.,l'77-'82. 104
6s, 15 25. reg., 18S2-'92. 111
6i, In. Plane, rcg.,1379 104
PhlUdelpnla, Ssreg
-,
,
412,720 8>h
4 0i:M2:6:3
4s, coup., 1913
59, reg.
en.,
«
do
do
do
do
Ist m. 6s, cp., '96. ibim 101
do
1st m.7a, '97
98
100
Western Penn. UR. 6«. :893... 80
82
do
6s P. B.,'96. 75
80
112
Wllm.* Kead.!ftm.7-, 1900'
105
do
2dm, 1902*..
CANAL BONUS.
105)^
114
114
exempt,
m
do
A
27Hi
Maryland 68, defense, J.& J.
do
69, exempt, 1^87 ..
6-, .'890, quarterly.
do
..
do
58. quarterly
Baltimore 69. iSSl, quarterly
55
do 68, ;8S6, J.* J
'0
do 63, ,891, quarterly..
do 6b, park, 1890, li—M.
4154
do 68, 1893,M.* S
44>4 45 't
do 63,exempt,'.^&..M.&S.
*^H 4U
do
1900,J.*,1
47
4714
do
1302, .).& J
9814
SO
21
39
53
pref.
Little Sch'.iyiKlll
Jilnehlll
Nesquehoning Valley
12
37
Pennsylvania
* Erie...
4 Head ng
Philalelphla & Trenton
Winning.
& BaltlTiorc
PhOa.
Phllanelplila
Pnllartelphla
FUtsOurg TUUBV. & Buff
United N. J. Compmles
West ChC'ter consol. pref
WestJerscy
CANAL STOCKS.
Chesapeake* Delaware
Delaware Division
Lehigh Navigation
IN
l(Kvn)N/lMiTuuKLpri[A ANU l)TnER
BKOUBITtKS.
Bid.
BOSTON.
m
.
.
..
.
'83 ..
105
lot)
W,lk8.,lst.,78,'37'.
63, various..
Br., IBt, 78.1905
D<1
Eaat Penn. Ist mort. 78, '88
ttt m.,7s, 'bO.
E1.&
iBt m., 58, perp.
do
Harilsburg let mort. 69, 'St...
B. T. 1st in. 18, g )ld, '90.
H.
2d m. 78, gold, '95.
do
3d m. cona. 78, '95".
do
Ithaca* Athens 1st g d, 78.,'90
Jnnctlun lit mort. 6<, '82
Delaware mort.,
& Bound
.
Wmsport,
*
*
i02
100
102
103
Massachusetts 58, gold
Boston 68, currency
do 58, gold
Chicago sewerage 78
108H Cln Sandusky
Concord
& Tcpeka 1st in.7«...
do
land grant 78
do
2d78
do
lano Inc. 1*28.
Boston « Alhany 7s
do
(8
Boston & Lowell 7b
Boston A Maine 78
Bnrl.& Mo., landersntTs....
Atch.
do
Keb.88,lS9l
do
Neb.88,1883 ....
Eastern, Mass., Sl< 8, new. ...
Hartford & Erie 78, new
.
Ogdensburg* Lake Ch.88...
Old Colony & Newport 76 "
Rutland S.-i.Istmoit.
Verm't C. let m., cons. 7b, 'jb'.
Vermont A Canada, new e»
Vermont^
Mass. itR.,68
78
110
12l>S
MX
106
102
iVd
30
40
100
108
Oil Creek iBt m. 78, coup. ,'8!.
rltlBD. Tltusv. & B.,7fl, cp.,'96
scrip
do
2d m.
do
w'm
'
81
m
Sj:.
li'5'.t
10
llOji
UOJj
110
no
In
S4M
11J4
Ulev
3,J,
21s
128
60
(Mass.).
Ham. *
Eastern (New Hampshire)...
Fltchburp
Manchester & Lawrence
Nash'Ja & Lowell
New York & New England...
Northern of New Hampshire
T2H
Norwich & Worcester
125
12.5«
OgdensD. & L. Champlatn ..'. 8B5< :37
do
do
pref.. 104
100
Old Colony
115
Portland Saco & Portsmouth!
do
do
105
Dayton
108«l ioB>i
2-1
3
*
uaciaud, common
do preferred
!
.
Vermont & Canada
Vermont & Massachusetts.
Worcester
A Nashua
|
IBS*
j
llOH
.
I
»X
ii5
96
95
96
106
lOdSi 1081^
Ind. Cln.
do
&
104M
I'rtiH
103
106
15
14X1
100
no
112
101
85
100
106
112
100
101
100
40
93
73
100
100
9-)
95
.
do
Little
88
57
8.
p.c.
st'k.guar
Miami stock
LOUISVILLE.
C*
.
—
100
103 H
98
98
18
98
98
98
98)4
98)4
98)4
98 »
98>4
»8>4
'80
79>t
102
101
100
100
100)4
100)4
99
99
98
100
100
100
98)4
'37
S3
98
98
101
Loris
Wllm. * B.lt. 6s, '84
Cln.* St. Louis 7b, 1900
Bhamokin V.* Pottsv 7b, 1901
do
.
Pitts.
let, 6b, 188I.
iBt in. Is, -W7...
S4ki
8t.
9SX
St.
Sunbary A Erie Ist m. 78. '97
Union * TltuBv. .St m. 7b, '90.
.
In default of lntcre«t.
'87'«
I.;in.
—
•
15«
'83
(I. *C.) istm. 7s, '88
63, 'rS
101
86
58
mi
33
LUtle Miami
Ham. * Dayton stock.
* Xenla stock.
lUh, ColumbuB Michigan
stock.,
Dayton &
llSJi
60
10«
114
'Si...t
Ist m., 1905
Istm. 6s, .905
Laf. !Et m.78
I
Stnubenv. &
Stony Creek
16>«
m. 78, '84
in. 78, '8-1
.
Ind.
113
109
83
32
West. Istm.,
do
do
"^
1
-1-
Phlla.
101
112
:
Louisville 78
t
RR.78. '96 1906. iVi
ii2
69,'B2to'87
do
Pennsylvania, 1st m., cp.,'80.. !05!ii 108
68,'9;to'9i
+
do
gen. m. 6b, cp.. 19:0. 10^ 111?
do
'89
69,
t
water
'87 to
do
gen. m. 68, ig., 19:0. 107>, imi
do
water stock 69,'97.t
03
ig., 1905
do
cons.
6
do
93>4
t
whai-f 68
do
cons. m. 69. cp.. 1916. 1-2
do
92)4
0f
spec'l
ta!t69
di
'.<9.t
Navy Yard 6). reg..
do
JelT. M.&I.lBtm. CISM) 7s,'8l1
Ferklomen Isi in.6<,coui).,'J7 '75 77
2dm. ,7s
do
Phlla. SiEiie Ist m.69, cp.,'8i 103
98
l8tm.,78,19:?6
...t
79,cp..'8S
do
2d
do
Lex. IBt m. 7s, '97.
LoulBV.
Cs, '43- '44. lU2>i
Phlla. * Bead, lat
1
'48.49.
ex pi'.l-duc c npios
d>
do
Louis.* Fr'k.,Lolil8V.ln,63,'S
2d m., 7s, p. ,'93
do
Loulsv. & Nashville—
deben., cp., '9;1''
do
Leh. Br. 68. '86
t
do
cp. off..
do
84
l8t m. Leb. Br. Ex.,79,'30-!:5.t
scrip, tSS2.
do
64)4
69. 'j3...t
do
Lou. In.
In. m.7s, cp,I896 64 H
do
ConBol. Istm. 78, ''iS
do cons. m. Ts, cp..l9i .. lOlH 102^
Jefferson Mad. & Ind
do cons. m. 7b, rg..l9:i.. 101
103
Louisville* Nashville
do CO .B.in.fis.g. 1.1911
56
Loul.vllle Water 69. Co. 1907
do conv.78,rg.&cp.!893"
aV
7s, coup, off, '93 SO
do
:i5
44
ST.
do scrip, I8b2
44>i
I.deb.7s,!2 •41
t
Phlla.* Read.
St. Louis 6b. lo g
so
wateres, gold
t
do deb. 76. coup, off
do
do new.t
do
do scrip, 1^^2
do
brldgeaopr.. g.69 t
do m.78. r('g.&cp..'s2-8
da
C*
112
97
.
&
;
E3
53«
108
108
ro
78, 'o5.
.
Connecticut River
Conn. &Pii88utnpsIc
4!^ 48K Eastern
100
&
115
115'4 118
iia
113<»
Ind., 78, guar.
Indiana St m. 79
2d m. 78, ',7.
do
Colum. * Xenla. 1st m. 7s, '90
Dayton & Mich. Ist m. 7s. '81
Cln.
Cln.
I
.\Il8S.,
m
m
lU
118
do
7 & 7-809, long.t
Cln. 4 Cov. Bridge sfk, pref
Cln. Ham.* D. Ist in. 78, 'SO
,'
I
(JheHhIre preferred
Municipals
PorttAudftB
.
Bid. Ask,
112«
118k
do
7s
7-808
do
t
South. RR. 7-SUs.t
do
105
6s, gold t
do
do
Hamilton Co., o., 69. long., .t
105
78, 110 5 v.-8..t
do
lOO^I
'63
23 mort.
69. 19
...
181 in., 7--, g.*
Lehigh Valley, 6s, co'ip.. IS'JS.
189t...
68.
reg.,
do
78, reg., 1910...
do
do con. m., 69,rg..l913
63,(p.,19.S
do
do
Little Schuylkill, Ist m. 73 '.-2
North. Penu. ist in. 68, cp.,'85.
2dm. 78, cp.. '96.
do
do gen. m. 78, cp., 1''03.
d'>, gen. m. 7a, reg, 190?
(to
noa
112><
Cincinnati 68
'»2...
new 7b, 1900
do
Connecting 69, 1900^1901
L. Sui>.
noii
109«
.
.
H.t
112
105
.
.
Dan.
98
ICOVs
.
H
W. Md. 6s. ist m.,gr..'90.J.*J.
do 1st m., 890, J. & J
pref.. '"•JH "7>,
do
do 2d m.. guar.. J. & J
Busquehimna
do 2d m., pref
KAII.ROAD BONDS.
do 2d m.,gr. by W.Co.J&J
Allegheny Vai..7 3-10a, lj9i .. loeji
do 69. Ijd in., guar., J;* J
7s. E.ext.,1910 80
Jo
.Mar.
& Cln. 79, '!12, K. & A. ..
Inc. 7b, end.. '94.
38
do
do
2d, M.*N
Belvldere Dela. 1st ra.,68,con. 1034
do
89, 3J, J. ft J
'6',.
102
Ho
2d m.6s.
Union KR. IBt, guar., J. * J.
31m. 63, '37.
W41i H5>s
do
do
Can on endoraed.
Camden AAmboy 63,coup,'3S 101 105
MtSOKLLANKOX'S.
6s, coup., '89 101
do
Baltimore Gas certllicates.
IiJtl
mort. 69, '89.
do
People's Gas
Cam. & .\tl. Ist m 78, g., 1933 107
21 in., 78, cur., '80 97
do
CINCINNATI.
Cam. & Burllngtun Co. 68,'97. 101
Catawl8Sal8t,Ts, conv.,
chat, m., 10.9,
do
109
W
38
32
SchuylKllI Navigation
m
SKOQBITrKB.
STOCKS
Atchl on & Topeka
112« Bo^ton & Albany
lioeton & Lo woU
Koston & MafQc. ....
HoBton & Troviaenca
BiirUngton & Mo. In Neb
Maine 6b
New Hampshire 68
Vermontes
do
Ask
crriirs,
.
1091ii
llOSii ILSSi
I
MorriB
-.
.
inSH
113
113^
.Norfolk water, 88
112
113
RAILROAD STOCKS. Par.
Ball.* Ohio
3254
«9J< 90
Wash.
Branch.
do
luo
9
MX
do
Parkersb'g Br..50
163t
Northern Central
tO 18
1-22
1««
50
Western Marylan 1
1
5
Ohio,
St
pf
26K SO
"en OH Central
121.SI 121>i Pittsburg * Connell3vllle..50
RAILRi>AD nONDS.
Bait. & Ohio 6s, 1880, J.4 J.
10114 102«
do
69, 1865. A.*0.
lOJH 106
S. W. Vs. 3d m..suar..'8o,,lt.l (15
100
Pltlsb.* Connellsv.',s.'98,J*.I «SW 94
Northern Central 69. 'S5. .I*J •02 103
18Ji
6s, 19(10, A.*0. 101
do
102
60
do 6s,gld,l9<10..1.*J. 90
g2H
121K 123>4
Cen. Ohio 68, Ist m.,'90.M.& S. 99
IIOJS
NorrlBtown...
Northern Faclflc, pref
North Pennpylvaula
do pref
Peansylvanla
BAL,TTin:ORS).
!'2
Lancaster.
Broad Top...
do
.
,
IS
&
do
Lehigh Valley
acr'.p. 1832...
do
'80
69, Imp
do
do
63, boat* car, \i\3
do
7s, boat & car, '.9 5
'usquehanna 69, coup.. :9.S
.
pref
do
new pref
do
Delaware & Bound Brook....
East Pennsylvania
Elmlradt wllUamBport
pref.
do
do
Huntingdon*
ma mi
101
coup 110
Delaware 6b, coupon...
Harrlsburg City 69. coupon
RAILUOAU STOCKS.
C^raden & Atlantic
pref
do
do
CalawlBBa
Har. P. Mt. Joy
Morris, boat loan, reg., i88.->. 1105
5Ut<
Pennaylvanla 6s, coup.. '.910.
SchuylKlU Nav. isi m. 68, '97.
do
2d m.69. 190
67
do
m.68, '95. ..'
do
do cp off
& coup.
rg.
7s, reg.
llela 63, reg., '86.
Delaware Division 69, cp.,'18.
Lehigh Navigation Us, reg., '84 lom,
KR., rg.,'9. 108«
do
do
deb., rg., 71
80
do
conv.,rg. '8;
uo
ccnv.,g., rg.,'i^i
95
do
gold, '!*7
83W
do cons, m.78, rg, 19.11 70
79, w't'r ln,rg.&c:>. 105>4
80
tio 79, 9tr.linp.. reg., '83-36"
N.Jersey 68, reg. and coup...
do
&
Chesa-i.
es.gnid. reg
Camden Cjunty 6B, coup
Camden City 69, coupon
.
110
80
19U.
.1.
Pa.&N.V.C*
ponTTo^is
Ask
cons. m. 6s. '94
lOlN
Warren *F. Istm.ls, '9i
West Chester cons. 7b, '9i. .. lIS*^
West .lersey 6s, deb.. coup. ,'83
STATE AND CITY BOKDS.
Peuna.
PlttsDurg
:
The following
Bid.
SECTjniTrES.
PHIIiADELPHIA.
4.1,000
;
Specie
Legal Tenders
SKCCKITIES.
62!,6O0
253,000
130.000
2,700
535,800
36,600
45,000
241,000
same as last we-^k.
The deviations from returns of previous week are as foUows
Loans
Inc.
$679,900 Net Deposits
Inc.. $1,684,500
report
BOSTOiV, PHII.ADEL.PHIA, Etc.— Continued.
1K5
6s, old, reg ...
do
do 6s,n.,rg.,prlorto'95 118
do 6-<,n.,rg., 1893* over 113
AUeglienv County 54, coup... 1*1
Allegheny City 7s, rair
67,435,200 239,938,300 27,0!)3,2u0 34,804,O(?O 203,66i,000 19,861,600
No
[Vot. XXVI.
782,900
2,4S5,10:)
278,000
2i6,000
226,400
369.200
190,200
201,400
425.900
68,800
438 400
2,800
s
507,800
1,036,200
729,100
8iil,9."0
2.5'
tion.
Deposits.
$
8,716,600
B.2jl,900
8,177,1C0
Gallatin National 1,5:0,000
500.000
Batcher8'& Drov.
Tr.
600,000
Mechanics'
Greenwich
2 0.000
600.000
Leatlier Manuftrs.
300,000
Seventh Ward.,..
800,000
State of N. York.
Broadway
.
,
.
*
. ...
THE CHRONICLl
62
Ma
1
......
t
ren*;wal, gold. 6s. t|
lat
lOfiK
1(15« 100.>4
105)<[ 10«S<
IL-'H 105«
sewer, g. 69, '9 -2-3.t 105
00
Louis Co. new part, g.69.t
cur. 78
do
t
L.* San F. UU. bds, scr's A
do
do B
do
do C
do
do
And Interest.
55
20
20
—
—
Jasuart
10,
tasi.
Ha, ISie
81,
M.&K.
Ala.
lit.
dt
KR..
U
Ch.
Saof 18«
880f 1898
4
L. n.
Ub
:.<
.Memnhia
Kentucky
do
do
do
Central of N.
do
do
H
8
108
lUl
11
5
liW
100
lot
lUU
lUl
101
do
do
do
do
do
do
do
(a
Loolslana 68
new
do
do
do
do
do
do
do
do
do
68,
fa, lloatinK debt
7b, Penitentiary
6a, levee
38, do
ba, do
88, of 1910
61M 8«K
7fl.8mall
7tf
68, 1883
7a, 1830
68. doe 1878..
111
..
do
do
ii
do
do
1882 or '83
1386 \oi\
lOS
18<7 104
1838 104^ 106H
1S89 or '9 104>J
AsTlum or Dn., due 189^. KW!IW 107
1071
FnndlQg, due ISM-B. .
Han.
&
do
C. C. C.
N.C.KB
I8M
J.* J.... 7U
Del. Lack.
If"
40
do
Special tax. Class
do
Rhode
...
1
•iH
....
101
100
1U5
10
4J
4 U....
3J
30
85
40
40
..
Island 6a
89ath Carolina SB...,
Jan. 4 July
Apm4 Oct
Funding act, ISM
LandC,
Land C,
1339, J.
1889, A.
7b of 1888
^B,
old
new
68,
bonds, IS66
do
68,
1867
68, consol. bonds
68, ez matured coup.
fs, consol., 2d series
68, deferred bonds
District of
small..
registered
Railroad Stock*,
2
85><
35
85
30
30
30
7^
7(J>,
70
76H
.
Krlepref
4
140
Long
Island
A
03
142
Laf
4H 75h
1S4
12
Ul
4
Ml<"?l88'pnl, pref
Pitta, ft. \V.4Ch., guar..
do
do
Rensselaer
155
IK)
.
. .
M
i
SOU
4
Pa-. Tel
Telegraph...
Canton Co., Baltimore
80)4
Alii. District
Cent. N
Land
American Coal
. .1 .
4
Railroad Uoud*.
KM:han'ie /Vice-*.)
4 Krie, Ut m.
iiji
Ohio
do
.
4
4Lh mort
Ind. C, 1st mort
do
.
Belleville
Tol. Peoria
5BS4
24
m.
tx coup
6t, ist
coup.
2d mort
Rome Watert'n 4 Og.,con. Ut
St. L. 4 Iron Mountain. Ut m.
do
do
2d m..
St. L. Alton 4 T. H.—
Alton 4 T. H.. Ut mort ..
do
2d mort., pref..
siix
do
2dmort. tnc'me
tiitock
4
7s,
Pitta., consol.. s.f.
do
sb'x
do
guar. ..
Bur. C.U.!t North., iBt 5s..
4
bO
Sliver .M;nlng....
Cbesa
Deb. certs
5'1
Central Paclftc. 7b, gold, conv'
Central of Iowa Ut in. 7s, gold.
105K 106J4 Chesapeake & 0. 2d m., gold 78
Keokuk 4 St. Paul 88...
IW
-ioi'K Carthage 4 Bur. 88
Dlxun P«;orla& Han. 88.
O. O. 4 Kox K. Valley 8s
50
I.
do
do
do
do
Tol.
4
4
S. Ill.li.
ut m.
4 Warsaw,
E. D.
8e
.
W. D..
do
do Bur. DlT.
do 2d mort..
do consol. 7s
Wabasb. :!.t m. extend.
H3M
ue«
1^
Qulncy
[109
106«
rioIB
4 Warsaw Ss
Grand Trunk.!
.
.
;
3
„
16
Chlc
Chlc. 4 S'thwestern 78, guar .
Cln. Lafayette & Chlc, l«t
Col. 4 Hock V. Ut 7s, 39 years,
do
Ut 78, 10 years.
do
2d 78, 20 years..
I
m
104
93
70
10OJ<i
85
40
40
C
end.,
22
Petersburg 68
92
08
SO
ao
40
50
90
es
37
42
37
B7
96
98
22
3
do
103
88
Richmond 68
.00
Savennah 7s, old.
40
do
39
78, new
WUm'ton, N.C., 6s, gold ) conn 70
do
80
8s, gold j on.
103
SO
SU
80
90
MoblteSs (coups, on)
I
104
do
New
6s,
6s,
old
',.'.',
new
Orleans prera.Ss
do
do
consol. 6s..'
rullroad, 6a..
'*''*'^ Inipts, 7-30
'.
«r„.3°,i,
Norfolk .
110
,
do 88 (couns. on)
do
68, funded
.Montgomery 8s
lU
6s
20
g. 78
70
IOC
bonds A 4 B ..
M. 4 C. RK
do
do
t lOOJi
4 v.. I. dlv., Istm. g. 7s.
Danv. 4 VIncen's Vs, gld
4 Mich, L. Sh. 1st Ss, ^89.
8s
waterworks
.Memphis bonds
lOOH
Ch. D.
Chlc.
92
75
61
60
«0
Nashville
20
.
RAILROADS.
107
^
4 Chatt. Istm. Ss, end....
Ala. 4 Chait. Kec'ver's Cert's
Atlantic 4 Gulf consol
lAla.
75
102
,
9J
90
55
24
20
48
47
do
do
do
end.Savan'h.
stock
do guar...
Carolina Central Ut m.gs, g...
Central Georgia conaol. m. 7b. 9»
198>« Denver Pac, Ut m.7s, ld.gr.,g.
do
40
Btock
109}« 109«i Denver 4 Rio Grande 78, gold.
Charlotte CoL 4 A. Ut M.7s.. 70
Des Moines 4 Ft. Dodge l8t7s. ...I
ll «J« 109>t
do
do
Btock..
Detroit* Bay City 88, end... "t 70
9r>s 9j
Cheraw 4 Darlington 8s
100
Dutchess 4 Colwnbla 7s
20
97 |....
15
80
East Tenn. 4 Georgia 6s
Erie 4 Pittsburgh let 78
97 lOOH East Tenn. 4 Va. 6b end. Tenn 87
85
do
con. m., 78..
E. Tenn Va. 4 Ga. Ut m.7B... 94
78
do
79, equip...
do
do
35
stock..
103
Evansvllle 4 Crawfordsv., 7a. 100
ICO
Georgia RR. 7s
SO
Kvansvllle Hen. 4 Nashv. 78... 40
do
stock
70
86
Evansvllle, T. H. 4 Chlc. 78. g. •60
Greenville 4 Col. 78, ut mort.
f5
Kllnt4 Pore M. Ss.Land grant. •to
:04ii i05
is
do
78. guar.
Fort W., Jackson 4 Sag. 8s, '89 47
53
jMacon 4 Augusta boads
105j<i|
97
Grand 1!.4 Ind. Ut 78, l.g., gu, 92
!(»>.
do
2d endorsed. 94
84
do
1I2H 103
Ist U, I. g., not gu
82
do
atock
50
do
ut ex I. g. u. 40
120
Memphis 4 dtarleston Ist 7b.. "mi
Grand Blver Valley 8», isl m.. tS2Xi 87
:20
do
70
2d 7a.
6J
Houston 4 Gt. North. Ut 78, g.
do
6
stock
85
Hou8.4TexaaC. let 78, gold.. '88
120
Memphis 4 Little Rock Ist m 30
65
do
consol. bds.. 63
MlaafsslppI Central Ist
94
;s
69
'IndlanapoH 4 St. Loulsjist 7s 60
osw
do
83
2d m.ea
75
few? e<x Indlanap. 4 Vlncen. Ut 7b, gr.. 70
Mont. 4 Enf aula Ist Ss, g.. end
TO
International (Texas) Ist g
66
Mobile 4 Ohio sterling to. ...
Int.
H.* G.N. conv. 8s...;.,
«t '(«
do
52W
do ex cert. 6s
Connecticut Valley 79
Connecticut Western Ist 7s ..
Dan. Urb. Bl. 4 P. Ut m. 7s, g.
102
7s,gold.l90» ..J.4J ..t 112 Ills
IDs, pension, 1891. J.4J. :04S4 lOSX
112
Charleston. 8. C, 7s, F. L. bds.
112
Columbia, S.C, 68
112
Columbus, Ga., 78, bonds..
112
Lynch burg 68
«8Vi .vfacoii bonds, 78
«
\mM
,
do
do
Augusta, Ga., 78, bonds
Charleston stock 68
091t 110
Chic. Dub. 4 Minn. 88
Peoria 4 Hannibal R. ..
Chicago 4 Iowa K. SsSs.
American Central 8s
Chicago Clinton 4 Dub.
Chlc. 4 Can. South st m.
86>i
41
40
97
55
CITIES.
iol'f«
101
100>^ 10 iw
103
llu
56^
66
48
30
Georgia 68, 1878-'86
South Carolina new consol. 68.
Texas's, 1892
M.4S too
do 78, gold, 189'J-I910. J.4J.
do
do
32
•-'9
88..
ut
Atlanta,Oa., 7s
lOlM
lOO
«0
80
40
70
97
90
35
STATES.
109
'.
70
(BrokerH^ Ouotationn.y
111
111«
78.
ICO
85X
guar.
Alabama new consols, Claas A
do
do
Class B
do
dp
Claaa t
„
iie
105
103
109
.
.
do
landm.
I
I
40
101
60
78
9U
91
96
42
104
78
98
40
-
m
>
Iowa Falls 4 Sioux C. Ut 7s
Jackson Lans. 4 Sag. Sa.lst
l^^
,
Kal. Allegan.
104
°^
& G.U.
m
8s, gr...
11. 8b, gr..
Kalamazoo 4 South
85
Kansas City 4 Cameron IPs...
83
84
do Cal. 4 Oregon Ist
Kansas Pac. 78,g..ext. M4N,'99
103^1
do Stnte Aid bonds.
do 7s, g., I'd gr..J4J,'80
do Land Grant bonds.
do 7b, g., do M4S,'86
loox
Western Pacific bonds. ...
do «a,gold, J.4D., IDS*
Union Pacific, Ist mort. b'ds
103K
do
e«, do F.4 A., :89S.
lland granta, _
do
do 7b, Leaven, br., '96..
962
Sinking fund...
do
do Incomes, No. 11...
lOlS
Pacific R. of Mo., Ist mort.. lOlj
do
do
No. 16...,
do
2d mort
do
Stock
do
Income, 78.
KeokDk * Ues Moines let 7s.
do
iBtCarou'tB
do
funded Int. 8s
Penn. RULaka Sop. 4 Mlaa. let ;s, gold
lie
PlttB. Ft. W. 4 Chic, iBt m
Leav.Law. 4 Gal. Ist m., lOa..
do
do
2dm..
Logans. Craw. 4 S. W. 8s. gld.
do
do
3d m. io3
Col. Chic.
Maryland Coal
Penusylvanla Coal
l&g
Spring Mountain Coal
uarlposa L. 4 .M. Co
do
do
pref.
Boston H.
mort.
Pacinc Railroads—
Central Pacific gold bonds
do San Joaquin branch
Cleve.
Im. Co.
Oooaollilat'n Coal of Md.
Ouiiibcriiind Coal 4 Iron.
OnUrlo
Ist
do
7s. reg ...
do
North Mlpsourl, 1st mort
Ohio 4 Miss., consol. sink. fd.
consolidated
do
2d do
do
Ist Spring, dlv..
do
Rlv.,
78,
110
112X
82
88
74
85
70
n:
Sonttaem Secnrltlea.
KM
WO
e2t,
W)
V*i
M
11
s«
88
8
?*^
Long
Mitntclair
L.Ist 7s
1
2d m. Vs
K.4 Tex. Ut 7e, g., 19OI-'0»
do
3'l m. rncnrae.,.
N.J.Midland Ut 78. gold
do
2d 7b
.Mo.
I.T. Elevated i:ti.,lst m ...
N. y. 4 Osw. Mid. Ut
do
2d 7b. 1893
do rccelv's ctfs.(labor>
do
do
(other
t
And accrued
*
Prloe nominal
IS
73
97
40
10
9
8
B6
60
18
2S
6
93
ts
"ia
do
lojKioex
....
4G.
60
23
.
do
2am.. 7s. g..
Michigan Air Line 3s, 1390.. .t
32H 83M
100
'12
90
Island RR., Ut mort.
LouIbt. 4 Nasbv. cons. m. 78. 100
110
55
40
45
40
'24
8
72
6
do
do
94
88
«6
49
.
niacel'on* Stock*.
Atlaiill
Harlem,
4 Mo.
4
So. Pac. of Cal., Ist "A" »8, g.
Xol. Can.So. 4 Det Ist 7s, g.
Union 4 Logaiisport Ts79union Pacinc, So. branch, 6B,g
West Wisconsin 7s, gold.
Wisconsin Ceat., Ut, 7b
95
7s...t 109J<
8dS., do83...t 109
4thS.,do8s...t 109
5thS..do39...t 109
6ttiS.,doS8 ..t 109
Cairo 4 Fulton, Ist 7s, gold
67
California Pac. UR., 78, gold
)-7
do
6s, 2a m. g.
72
Canada Southern, Ist m. c )up. 59>i
do
do reg....
69
941
l'J9
consol. 78
1903..
class B
claaa c.
do
do
Sontb Pacific Rallroad,lBt
90
90
107
UI
t IJ9
100
'.'.'.
!07
.
BellevIi;e4 8o. Ill.,pref.
St. L. 1.
4 South'jru....
8t. L. K. C. 4 North'n.pref
Warren
do
M
do
do
do
do
1)5!
p.c.
6s, 1883
Long Inland City
MewarkClty7s long
do
Water 7b, long...
09WMf0 78,.
t
Poughkeepsle Water
+
Itocheater C. Water bds., 1303t
Uur.
new bonds....
Cleve. P'vllle 4 Ash., old bds 1C3X
do
new bds ISO)*
do
Buffalo 4 Brie, new bonds.. max
Buffalo 4 State Line 78
Kalamazoo 4 W. Pigeon, iBt
do
68, 1887
do
68, real estate..
do
68, subscription,
do 4 Hudson, Ist m., coup
do
Istm., Beg..
do
Hudson R. 78, 2d m., s.f., 1885
83
104
t 11-5
t 90
+
I
Saratoga
Some Warertown 4 Og.
81. Louis AJ ton 4 T. U
do
do
pref.
Terre Haute 4 Ind'polla.
United K.J. R. 4 C
95
83
96
Tol. sinking fund
Dct. Mon. 4 ToL.lst 78, 1906.
Lake Shore Dlv. bonds
Cons. coup.. Ist.
do
Cons, reg., Ut..
do
Cons, coup., 2d.,
do
Cons, reg., 2d....
do
Marietta 4 Cln. Ist mort
iios ;i2
1
BO
F., 2d m., cla^s a.
Soath. Cent, of N. Y.
.
do
.
special.
4
4
t
+
various
RAILROADS.
....
do
endorsed
do
do 8d mort., 78, 1879
..
do Sd do 78, 1833
do 4th do 7s, I8?0
do 5th do 78,1838
do 78, cons., mort.. g*d bds
do Long Dock bonds
do
Chicago
Kew Tork Elevated Rl!..
New Haven & Hart.
Ohio
MX
68,
San
do
SandoskT Hans. 4 Newark 7s.
Sioux Clty4 Pacific fs
South Side, L. 1., Ist in. bonds,
do
sink. fund...
Atchison 4 Nebraaka, 3 p. c.
Atchison 4 P. Peak, 6-, gold.. SO
40
Boston 4 N. Y. Air Line. 1st m lOOMi 102
Hnr. C. K. 4 N., Ul •e.ncv ,1906 59
80
bonds..
do
.^d
N. Y. Central
Lonl8vllle4 NasbTlllo....
Missouri KauBas ft Texas.
New Jersey Southern
N. Y.
Ist
Mlch.Cent., consol. 7s, 1902 ..
l8tm.8s, 882, s.f.
do
equipment bonds.
do
New Jersey Soutnern 1st m. 78
78
lUO
do
pref
35
Clcve. Col. Cln. & 1
Clere. & Pittsburg, guar., 74^
8
Co;. CUlc. 4 I Cent
60
Oobuqne 4 Sioux City.
Joltet
do
do
Cleve.
38
ChlcagoA Alton
Indfanap. Cln.
Albanv4Su8q.
Lake ShoreMich S. 4 N.Ind.,S.F.,7
Central Paclllc
.,-
',.'.'.
Central—
Dubuque 4 Sioux CIt7,lBt m.
do
do
2d dir. 103
Cedar V. 4 Minn., Ist mort.. 83^
13
Indlanap. Bl. & W., Ut mort..
2d mart.
do
do
(Actitepjf ('MsYy 'juol'd.)
Albany & SilsquL-haniia...
Burl. C. i:ap. a Kortbern.
HarUm
m
1885-93
Toledo 88. 1877- -SS
Toledo 7.309. ..
Youkers Water.dne
do
78, conv.
do
117
Morris 4 Essex, Ist. m
man
do
2d mort
do
bondB, 1900.... 73
construction. 74
do
Buff. N. Y. 4 K, 1st. m., 1916...
4 St. Jo., 88, conv. mort.
40
Columbia 3.658.
do
do
a
I03VI...
Illinois
6!
!4>4
.
107>4
'
consol. m. bonds
ioe
Western, 2d
do
Hartford
IiKlLananolIs 7-308
87
...
Han.
i'i
Non-fundable bonds ...
Tennessee 68, old
do
68, new
do
68. new Berles.
Virginia
1
a
Claas2
ClaasS
do
Ohio 68,1881
do f8,;88«
4
Detroit Water Works 78
Kllzabeth City, 1880-95
vnH
4
So'eastern Ut 7b, Kold. 26
St. Lonla VtndalU * T. U? lat. 'M5
do
2d, guar 80
.
1('9
la
75
St.L.
Water, long
tUlo 114
Chicago 6s, long dates
102
t 101
do
78, sewerage.
PJTV
..
... 107
do
7s, water
t 107W 108
do
78, river Improveiu't t 107
|....
Cleveland 7>', long
+ 107.x'....
01 J«
«6
SO
as
Bt. L.
St. L.
do
I
112
Il05
17
14
...
1. 78, gold
18
L. .M.7s,g. end.' 18
Southern Minn. Ut mort.
CITIES.
Mbany, N. Y., 68, long
lou
mort
J. Ist
"lii
I
BiilTalo
•In
bonds, J. 4 J
A.
Kew
ff'stj
{BrokerH' Qurtcattont.)
Ui
(to
3d
1stcon«. suaRens. 4 Saratoga. 1st coup.. 11^
do
istrejlst'd. ll»
Brie, iBt mort., extended
10
SO
00
.. ..A.40...
do
do coup, off, J. 4 J.
do do off, A. 4 O
Fondlng act, '866
00
1868
2d mort
do
7s, of 1871 ...
iBt con. guar.
do
Del. 4 Hudson Canal, Istm. ,*8^
do
do
1891
do
do coup. 78, '.S9i
reg. 7, 1894
do
do
.
:i
16
St. Peters, ist m..
4 Ind's iBt m. 78, S. F.
do
..
.
North Carolina
fa.old.J.ttJ
A.&U
do
ma
105
4
it.
Bid.. A<.<.
Rome W'town 4 Oz.iBt in con.
4 I. Mt. (Ark. Ur.) 7s, %.
'93.
.'n.cou.).
par may
Pullman Palace Car Cu. stock.l 76
do
bds., 8a, 4lh Berles 90
I
Ist in., 1888..
2d mort.,
4
Peorl*4 Rock
Port Huron
ex coupon.. lOOX
Ki* Nov
tfie
Omaha 4 HonthweAern HU. 3i «8
Oswego 4 Home 78, guar
Peoria PekIn
I
do
Wew York sute—
1897
M,K0!a,reg
fa,
do coup.. !887. ...
fa,
do loan. ..1883
lie
1891
6fl
do do
lit)
1892
do do
(8,
«a,
189S.... 118
do do
I
do
Ist m.. La c. U-I'"'}^
do
latm., I.4M.D
letm., 1. 4D.. 111
do
Istm., H. 4 D. 01
do
iBtm., C. 4 .M.. loax
do
consol. sink, fd
do
do
2dm
N. WeBtern sink. fund. if,""
do
Int. bonds
consol. bds
do
do
ext'n bds..
1st mort... iboH
do
cp.gld.bda.
do
do
reg. do
Winona 4
i!iS7.
••,Canal Loan, 1878..
do
do
do
107
lOOg 107
63
North. P«o. :stm.«14.7 8-10..
lOUHi
I
Peninsula ist mort.,conv...
Chic. 4 Milwaukee, Ist mort
SI. Job., due 1886.
do
Great Weatern,
S. F. Inc. 6a. '99
6s, 19:7, coupon,
69, 1917, reglst'd
J., Ist m., new...
di
do
do
do
do
do
Iowa Midland, Ist mort.
Galena 4 Chicago Kxtended.
25
7s,C0n8olldated
kllcblgan6a, ISTS-n
do
do
MUeourl
do
do
do
do
do
,
tmoaamm*.
Bid. Aak.
coupon.
'.stm.St.L. div.
do
do
ex-matnrod coup.
J<i mort
do
do Ex*Niv.,"n.conr.
do
aonliri ttondx.
do
con. convert...
S3
do Bx. Nor.,'n),4 prev'a
A.4U
do
do
4
Chic.
1^
4 Wabaah.ex
USX liulncy 4 Toledo. Ist m.. '90.. 75
Ist consol. ....
do ex mat. 4 Nov.,'i7,cou. 70
BJ
Illinois 4 80. Iowa, Ist mort
con.conv. ..
Lehigh 4 Wilkes H.con.gnar X4M 33
do
ex coupon. ...
45
Han. 4 Cent. Missouri, 1st m
Am. Dock 4 Improve, bonds 4a
ISO
Ch. Mil. 4 St. F. lat m. 8b, P.D.
Pekin LInc'ln 4 Dec't'r.lst m
do
do
2dm.73.10,do in2K li'.SM Western Union Tel., 19ao.coup I06W ....
98
do
do
lst78, gd . II.
do
do
reg
10«.vJ'..;.
do
ist 78 i
do
do
.„
iniaeellaaeon* Ij|*t.
8
UU...
Connecticut 68
Georgia 68
78, now bonda
do
7b, enilorsed. ...
do
Ts.gold bonds...
do
Illlnol8 6i, coupon, 1879...
ftarloan
do
...
Chic, Rk.lBl.4 Pac.
5
6
9
A L.K.
*N.O
* K. K
78, L. t.P. B.
78, .MI8S. O.
79. Ark. Cent.
rol.
u.
Ha SInk'K f'd.
28X
...
Ft. 8.
:••.
do
do
SBOUKITIBS.
ll»
104«
104H
i:i«
8 p. c, Ist m.
do consol. m. 7f 100 S, 110
4
Bur.
Ctalc.
81
ArkKP^aa 6s. funded.
do
do
do
do
do
40
40
40
40
"5
.
..
Prices represent the per eent value, whatever
Bid,
8aOl7RlTl>8.
4 Alton iBt mort
do
Income.
Jollet 4 Chicago, Ist m
La. 4Mo., Istm., guar
8t.L.Jack.4 Chlc.lst m
hlcago
g«,isM
to.lSK
1
.
.
. ,
I
(JimONldJ^L
QUOTATIONS OF STOCKS AND BONUS IN NEW YORK.
Bid. Ask,
nsavni-nn.
do
do
do
do
do
do
.
THE
1878.J
State Bonds.
Alio.'una 31,
U
. ..... .
B<md» and Railroad Stocks are quoted on a previous page.
S. activt
If.
-
....
101
86
96
46
7
45
4
7s, 19CB
do
7b, non mort..
do
Btock
do
savannah 4 Char. Ut M.;s....
Charleston
4
Savan'h
to,
end
88
80
80
West Alabama3d in.lM, guar.. 100
100
ae»
1st lu.sa
do
10
s
76
7
I
34
88
88
38
4S
46
38
10
2d mort. 8s ...
Jacks. Ist m.8i 108,4 106
100
Certificate, 2d mortg. 8s....
87
Caahvllle Chat. 4 St. L. 78.
86
Nashville 4 Decatur, ut7s.... »»H 86
«8
Norfolk 4 Petersburg ut m.Ss »i
85
do
do 7a 88
81
do
2dm. to ?»
northeastern, S. C, 1st m. to., 108
"»S
do
2d m. to.. 90
93
Orange 4 Alexandria, lata, to. 90
77
do
74
2ds,is..
48
do
3dB,to... 43
£0
do
<thB,8s..
IS
RIchm'd 4 Petersb'g 1st m. 7s. 101
IM
100
Rich. Fre'kBb'g 4 Poto. to
do
do mort. 7s IM 108
78
Rich. 4 Danv. 1st consol. to... 70
Southwest RR.. Ga ,conT.7s,'8e 96 180
.48
S. Carolina RR. ut m. 7s
84
N. Orleans
I
8s, Interest ....
8
kV
PAST DOE oonrows.
Tennessee SUIe coupons
Snath Carolina coBSOl
Virginia coupona
88
)
80
conaol. coan
do
MemohiB CltT CoopoBl
87
iQtl ttt.
•
PrV'
I*!' .*i«^»
....
>l*H
88
8S
iS
l«ft
80
.
.
.
..
—
6
5
6
3
4
8
,,
THE
64
Stock
[Vol. XXVI. ji
SEOUKITIES.
iBsnrance Stock
I.lat.
^Quotations hy K.
Dividends.
GOMPANIBB.
America'
0.
Amonnt
Brewers*
&
Central
Jan.
Nov
Jan.
<Jhase
.<Gtna
Jan
Amity
Sept.I
Arctic
Atlantic
Jan.
'is
450,000
Chemical
100
25
100
lOO
300,00(1
i.i9:,."jo
600,000
1,000,000
1T9,-;01
571, IfO
Citizens'
City
Commerce
.
Commercial*
mn
2, "TS.a^,
lOti
Corn Kxchanire*..
100
»
100
200,000
150,00f
flast liiver
Kleventh Ward'..
Fifth
Fifth Aveuue*
Elrst
100
Fonrth
Fulton
Gallatin
Qer. American*..
Cter. hxchanKC*...
&e.*maQia*
Bl-ni'ly
Jan.
Citizens',
'20
(J-F
I.* J.
Nov.
City
Clinton
70
Grocers*
1
00
1
Island City*
.
Leather ."rfanaf
Manhattan*
Mannl. & Merch
Marine
Market
lOO.OCti
12,-
WMO
50
6u
9 050 .Oui'
400,001
00
,70l.S00
!2i.l00
1S,20C
500,001
10.1
,0;6,'00
6,60C
Jan.
Hanover
50
Hoffman
5(1
F.&A
233.;00
37.600
S99,ie
6' 10.00(1
1.4 J.
1.4 J.
I
&
.
J
1.4 J.
(.4 J.
«
Nov.!,
8
7V.
10
July2,'77...3
Jan. 3, '76. 3H
Jan. 7, "73. ,.5
/^.4 O.
8
a
10
J,500,DIX'
37,90.1
60,5011
J.4J!
1,000,000
40O,OCC
19.600
800,0(Xi
422.701
1
.2.500
215,:
00
100
2,000,000
47J.f00
25
20
412,5011
Inl.'lOO
4J
1,4 J.
4J
1
.
201, !00
765,300
88,900
.3 J
Irving
Jefferson
Kings Co. (B'klyn)
13 i
9 V'
SO
lOii
Knickerbocker
111
Lafayette (B'klyn)
Lamar..
so
Jan.
Jan.
T7
1.
'2,
..8
93
Aug.lS,7;2S
so"
2, '17.. .3
Faclllc
Jan.
2, '73.
2, '78.
Park
lis"
luyi,-n...1
NovlO.';7
Jan.
4 J.
M.4N.
J. 4 J.
Builders'.
'.29'
3j<
59
5«
city...,
50
25
'2!
100
Peter Cooper.
People's
Pheiiix (B'klynl
.
Produce Exchange
2.'78.. 3
Ja'i.2,'7S...4
Uellef
Nov
1,
July
2,
Kepubllc
Resolute
'71 ..4
'7"
Kldgewood
Rutgers*
Satcguard
Gas and City Railroad Stocks and Bonds.
[Gas tJuotatioDS by Cieorgc H. Prentiss. Broker, 30 Broad strrct.
Gas Goupanies.
Date.
Brooklyn Gas Light Co
2,000,000
1.200,0C0
Citizens 'Gas Co (Bklyn)
do
«erttllcatee
320.0C8
Harlem
Jersey City 4 Hoboken
Manhattan
Metropolitan
clo
1,850,000
,
386,000
4,000,000
,
2,1:00,000
,
certiOcates
1.000,000
do
bon,ifl
Mutual, N. Y
do
bonds
Nassau. Brooklyn
do
scrip
500,000
5,000,100
1.000,000
1,000.000
7(19,000
,
Now York
1(0
People's (Brooklyn)
do
do
Central of
do
do
bond*
certlllcates..
New York
Williamsburg
do
scrip
Metropolitan, Brooklyn.
Manlclpal
var
lie
;.ol
.
[Cinotetlone
byH.
Bltecter St.A Jr'utUinJ''err,/—aii,
iBt
mortgage
groadwav
d Seventh Avt—tik.
mortgage
Brootlyn CKy— stock
1st mortgL
..
Broadway (Brooklyn)—tionk..
Brooklyn ct Hunter's rt— stock
tst mortgage bon ds
Ist
L.
100
lOOO
100
1000
:o
1000
100
Central Cross 'Joton- stock.
..
mortgage
Bouiton, West nt.ikPavJ'y—tlk
iBt mortgage
Second .4 l?enu(i— stock
V.
iBt
3d mortgatre
Cons. Convertlalc
Bxtenalon
\
Aseih Aven\ie- stock
1st
mortgage
VUrd
Ist
\
Avf.nue—itoc\i
mortgage
Vvimtu-third Street~-%\AycK. ,'.".'
Istmortgage
'
Hl« column
4 J.
4 J.
M.48
M.4g
J. 4 J.
160
Novl,
99
170
205
2:0
131
1S3X
1(111
103
103
91
M.4N,
Jul e.
No'
Nov
'77.
1110
90
100
PO
l,'i7.
9,1
I, '77,
i;o
20
90
75
75
Jan.,
76
Jan.,
'77,
Aug.l, '77.
July, -77.
Jan., ';«.
Nov^C,'J7
M.4N.
117
t9
(5
90
i,5io,0'o
145
*
4
July,
Q-F.
400,000
louo
31X1,1)00
A. 4 0,
J. 4 J.
IOl'
Nov.,
Nov.. 'M
ii'li'
Jan.,
165
,
Oct
1, -200,000
4J
J.&D,
Q-F.
900.000
1,000,000
203,000
J.4D
J 4
J. 4 J.
.1
.
748,00(1
M.4N.
236,000
600,000
200,000
MiifeN'
A. 40.
2)4
Jn
Ju
96X
84
85
12s
102
7a
,500,000
I,1W,500
'(10
150,000
1,05C,'«J
Jnly.issi
Q.-K.
A.40.
Jan.. ",S
April, \i
.M.4N
'^3
4
May,
Oct..
'83
4
.May. '77
July,l/i90
200,000 A.
(>.
750,000 M.4N.
415,000 J.
J.
2'O0O,O0O
Q-F.
2 000,000 J.
J.
600,000 J
J.
290,000 M,4N.
4
4
ttocka,
but tbe
Nov.,
,
|May,
15
10
10
Jan
Jan
10
182,03
66,715
191,0:2
125.41;
•i«,5IS
I.'8, 169
341,235
2 0.344
10
17
20
20
10
20
20
100
ISO
105
'78, .5
'73, .5
'78,
,
,
'73.10
'7i..3
95
Jan., '7i.,9
Jan., '78
Jan.. '7?. 10
Jan., '75,.
168
Jan
190
,
Aug
lie
'73.10
130
,'77.,
none
22.630
500,391
132,714
16'
Ju!y!'"77!!3
10
41l',076
•M
Jaa.,
Oct.,
Jan.,
12
139.085
2;9.3!0
r22,2 15
^i 316
63,387
100
100
100
25
100
300,0(10
200,000
200,000
200,000
200,000
200,000
200,000
200,000
200,000
200,000
150,000
no
"77..
113
'73.'20
'240
>0
.Jan..'7« .6
20
Jai., '73. in
Jan., 7-1. .6
Jan., 78,11
116
190
18
10
15
'W
16'
10
10
11
8,270
3).9S1
219.133
10
10
10
10
11
SO
iO
1:30,63'1
10
51,560
11
,0
1«J,23'J
15
11
151.S36
77.4.7 10
158,263 13
191,769 10
251,337 ,14
201.451 10
406,550 10
10
9M
70.1l;6
t
'65"
'7S..f,
Jau..'nS)J
I3,'i91
10
Jan.,
July,
o7
93
75
50
1C«
178
S
'78.
'71..
July, 78 .5
.Jan., '78. .5
Jan., 78.10
Jan., '78
"w"
Aair.,"7J..5
July,'77,«-23
6
"va"
Jau.,"7-.7)»
Aug
10
93
,'77,
1"
.
,
1
11 55,
City Securities.
i'ork:
Feb.,
1841-63.
Water stock
11J54-57.
do
Croton waterstock. .1845-51.
..1S52-60.
do
do
do
do
New Consolidated
We»tche8ter County...
40
„
„
Wall
„.
.
,
Street.]
Bid.
871,
Jirooklyn -Local Impr'eni'l—
City bonds
do
P .rk bonds
Water loan bonds
BrI'Jrre bonds
water loan
«0
City Doncis
Kings Co. bonds
do
do
Park bonds
m
.,
,..
Brldg-
N.
do
do
do
do
May 4 November,
t"cb.,May Aug.4 Nov,
do
do
(*o
do
May 4 November.
Kub., May, Aug.4 Nov,
May 4 Novo'n'ier.
do
do
do
do
do
January
do
....
i>y
May Aug. 4 Nov
do
do
do
do
var.
var.
var.
LQUOlatloiis
C.
tv
.KKH.
.)r..
.'onuary
do
do
do
do
ao
do
do
do
do
do
do
'77
'83
'
VHy—
Watei loan, long
do
1869-71
1866-69.
Sewerage bonds
Assessment bonds. ..1870-71.
Improvement bonds
tR«»-mi.
Bdrgen bonds
1878-79
1890
1883-90
1881-1911
1884-1900
1907-11
187S-98
1877-95
1901
18.8-58
1873
1891-97
1889
1879-90
1901
4 July,
do
1891
rtroKPr.
4
CH ^ *H
do
do
do
do
d.^
H3I-95
1*0-83
do
May 4 November,
H
ito
to
January a July,
do
do
C-33
I924
so--ieio
St.,
January 4 July.
January 4 Juiy.
do
do
Jan., May, July A Wov.
J. 4 J. and J 4 D.
.InW.
and
.lanimrv
100
100
1(2
:d3
114
lu
106
Uil
100
lis
107
100
117
104
10-2
lt3
102H
1(2
lis
106
Askd
101
102
lOS
105
IN
US
107
103
107
119
108
101
lis
103
118
10)
l(B
105
1C9
10!
Bt.l
1878-30
1381-95
1915-24
1903
1915
1902-1903
July,
LQuotatlona by C. Zabri^kie 47 Montgomery
Jersey
lB'.8-80
1888
1879-82
1896
'Alt BruoKtyu bonds Hat,
of Oomia.
isii"
'73. Ic
"7'. .5
Jan., '73. .5
Jan., "73..
July, '77. 1(
Jan., '78.10
10
200,000
ConsolLlated bonds
Street imp. stock'
'17
i»U of maturity
Jau,
10
lit' ,3 17
..1833-66.
1870.
Ii75.
1860.
Floating debt stock
1865-68.
Market stock
1869
ImprDvementstock
i;o
....1869.
do
July.llrSO
Aug
Jaa,,
Jaa.,
Jan.,
60
do
Dock bonds
do
\l
4 J.
J.
;0
pipes and mains...
repervolr bonds
io
Central paik bonds.. 1853-57.
.5(1
Nov.,UOI
Jan., '78,.'
do
lis
105
2.TO,cno
Jan..
10
C'roton .^qued'ctstock.ises.
1011
April,
20
20
200,(100
Continental, U"43; Standard,
N<w
30
155
.
Sept.,"77..6
183.46.
293.633
313.907
110
85
jB'i., '-,%..
Months Payable.
iou"
e,
Jan
Jan .
Sov,
t
92 >«
'77
Jan., "78. .S
7
(8
12i
y,
Dec,,lt02
Nov.,
July,
Jan., '79..
Jan., '78. .5
10
WO
Ei(',(O0
1,300,000 J.
1,200.000
10
10
10
'77..
Bondsdue.
76
90
1838
'an., '78..
6i ,1199
^3.173
tl37,'il6
14S
125
95
Jan., '78
10
t 117,568
2H,836
US
9)
70
Jan
Juue,H84
'78
'77.,
•J8..10
iN-rKCKar.
I
IDlfl
Jan
13
63,393
159,503
132,772
163
125
800
Jai. .'78, 3k
Mqrak, Hroker,
t Quotations by Dawiei. A.
Bro<dway.1
soo.ouo
694,000 J.
J.
2,100,000 Q-J.
1,500,000 J. 41).
2,000,000
300,000 M.4N.
Q-J.
on
J'ln.,
June.
4l,-293
i^SiHee
109,415
.
SO
1(0
5
5
M.4N
4
K.4A
1,I10(,,(U(
D,c.2l '7
130
Jan. iS/Ts 73
Oct. 1,
9(
Aug.l,
91
JS':., "78.10
Jan..
1,002.784
55
112
75
20
Jan , '7S
IIS
Stuyvesant
Jan., '75. 5
20
25
10
Tradesmen's
110
.Ian '78
,16
2.3
14
|16
United States
2''>O,0O0
114
Jail,, '.8..
110
18
10
llO
WfBtchester...
800,000
300
Jan.. '78.11
20
20
12
Williamsburg city. 50 250,0a»
surplus,
flhi
and
scrip,
capital
Over all llabllllles, IncVadlng re-lnsarancc,
"e^reaonied by scrip is deductei. and ihe ilgurcs stand as actual net aurplug.
5
4,000,000
1,000,000 J.
J,
325,000
300,000 J. -4 J,
466,000 F.4 A,
1,000,000
Quar.
1 000,000 J.& J.
'200,000
staows iMt dividend
3S.
3k
Quar, 2H Jan.l
F.4 A. 3Hs Aug., 'o2
"
Var
Jan.l5,'7S
-.00
1000
100
1000
100
1000
100
soo
100
lOCO
1000
soo 4c
100
1000
100
1000
100
10.0
5
3
f.4A. 3M
J.
J.
Gramt, Broker,
Btuhwiclt Av. («*;!/»!)— stock
100
Umtral Pi, y. <t M. mrer-ttK
lUO
Consolldnted mortgage bun s
luoo
Itrt/ Dock, is. B. <t Battery— sik
100
iBt mortgage, cons'd
SCO 4c
StffMh Avenue— Block
100
Istmortsage
HdSt. <t arand St >errj/ -stock
1st mortgage
Var.
Var.
A.4U
Jan.,*7o.i5
Jan,. '78..
59
io'
50
50
100
100
25
25
Star
Sterling
'76..
.Jan.. 'IS.,?,
20
10
509,394
106 .6'6
135
lit)
Aug.,
;o
10
15
10
100
'26
Standard
Ian.. '77 .3
'77. 5
H2,;97
20
50
60 1,000,000
St. Nicholas
I
'78. .6
Aug,
none
200,000
210,000
200,000
200,000
200,000
500.000
350,000
200,000
200,000
160,000
150,000
'
218
210
ISO
140
lie
«S
Jan.,'78.7X
Jan.,'7S..5
July, -77..
Jan., '78. .6
651,837
691,S00
135,012
317,639
11,184
67,663
'200,000
70
67
.5
Oct., 'TJ.lli
Jai., '78 .6
6,1'78
200,000
IW
U5
46
'7-1.
,
UJ
luly, '71. .6
111,00s
•200,000
50
50
:i7K
33
100
100
Niagara
North Elver
Jan.
Jan.
4,).
4
New York
July.lS'74.3>«
Aui{.6,'77,..3
J.
;
LorlTlard
'73...
'78.. .3
'2,
l»
20
10
50
100
25
50
25
100
100
25
50
Lenox
71..
I,
101
LongIsland(Bkly.l
Mech.&Trad'rs'....
Meclianlcs'(Bklyll)
Mercantile
Merchants'
Montauk (B'klyn),
Nassau (B'klyn)..
National
N. Y. B<)nitable...,
New York Fire ..
N. y. & Boston ..
Ja".2, '77.. 3
July 5, '77 ..3
Julyl,'74.SM
Jan. 3. '73.. .5
.M.4.N.
196.900 J.
SSO.-rOO
lmporters'4 Trad..
1,'77...4
Aug.
Soy
1,000,00"
1,200,1)00
200,00(,
150,000
600,000
200,000
200,000
200,010
150,000
230,000
150,000
200,000
150,000
200,000
300,000
200.000
250,000
200,000
150,000
200,000
Jan.
•Jan. 2,'7S...3
1, (100,001'
3,('00,000
25
50
50
Manhattan
Q-F.
SOO.OCd
300,000
100
Hope
.Manuf
1.4
1.4
'200.000
1.000,000
300,000
1.000,000
Home
.Jat). 2, '76.3 >,
4
J.
J.
J.
15
Howard
"3
'75. .4
I,
K«
100
Nov.lU,'77..3
7X
1 .
4
25(',00O
l,500,00t'
114
.
171.100 J.
12,500
2,8 600 F.4A.
ISS.'OO F.4 A.
4j,900 1.4 J.
63 300 .1.4 J.
259 fOO .1.4 J.
40.400 J.& J
l,000.00t
"77 3>i
"'lOT. 1, '77. .3
Jan.2. '78 3 >
net
9(1
•111
10
8
8
M.4N.
J.
J.
3, '76...
;ac. f, •78.3X
Jan. 2.'7J...4
May 1,'77.SS
10
5,CI'0
1.4
1.4
AU(r.lO,'77..4 ltd
Julyl,'75..3>4
Jan.
9
17,100
698,600
93.00
77.700
3'J0,00(
'7'i...i
2. ';8...3
2. '75...
Jan.
1,000,00c
3.000,000
200,000
SnO.OCO
IOC
.Mch.l,'75..1
10
I.& J.
1,000,00(.
!00,00C'
Onion
West Side*
200,000
1,000,000
500,000
200,000
200,000
200,000
200,000
150,000
500,000
200,000
50
50
25
,Ian.2, "IS...!
M.&N.
M.4N.
M &N.
40
50
100
100
Gebhard
German- American
Germaula
Jan.2,
2.000,00(1
500,00(1
3.IXIO,00('
Sixth
State oIN.r
Third
Tradesmen's
1.5'46
II
7
50
00
.
20(.(!C0
10
:o
100
100
100
too
100
100
100
lOO
Becond
Shoe and Leather.
lt<l
M.*3.
J.& J.
J.& J.
25
50
25
100
100
100
100
100
100
100
100
Firemen's Trust...
Kranklin
16,133
96,000
Globe
Greenwich
Guaranty
Guardian
Hamilton
1, 000,00c
,100
Feb.l,'7l...3
150,000
150,000
Jan.2, '7S.3X
.1.4 J.
B'i'f.'OO
Benublic
Nicholas
Seventh Ward...
•204,000
10
10
.'ra'n;'/,''77V.'.3
69,:00 .1.4 J.
1, 000,001'
Bt.
17
Ktremeu'sFund
4
100
Peoples*
Firemen's
Jan
1(10
Jau.,'77..5
Jan., '7S.10
Jan., 79.6-65
160.:l;'6
Oct.l0,'77.3ii
"to"
Ian..
172.151
12,i07
18,376
Novl,'77...o
10
4
'.9-',!6U
133,14,3
135,1.36
10ii,161
Ask<
Jan., '7^.iC
Jan.. "78.10
Aug'77.7-;4
229,2:il
30
BO
2, '78.. .3
J.
I.*
28,806
see ,910
Kxctiange
Farragut
2)4
May 11, '77..
May 2, '77...
May 1, '77. .1
451,100 JV&'.i.
9,000,0a'
Phenlx
Produce"
iV&J.
•.!98,tiC0
Park
100
:51,l00
«00,00('
Paclac*
Emporium
000,001
sn
100
Oriental*
Kmplre City
soo.ooc
500,001
30
25
50
Oct.
5(1
Continental...
Last Paid.
July, '77..
Jan., '7H .5
Jan.. "78. .7
Jan., '18. .5
Jan., '77..
Jan., *7i..5
Dee., '77,10
Feb., "77..
sng., '77.10
4,1,1451)
300,000
200,000
200,000
200,010
200,000
M.&N.
50
N. Y.Nat. Exch...
Ninth
North America*...
North Kivet*
100
40
10(1
00
700
50,500
II,
51.','.(5
100
F-agle
1, '77.
Oct.'lV'fl.V.'s
May.
May.
t7S5,2SC
.10
Fire
Commercial
M.&N.
A.& O.
F.& A.
!00
Hill*
ii-J.
1,000,000
;oo
Commerce
5,!45
10,451
108,363
t3:i9,Oil9
17
Aug, 1,T7. ..5
July 2, '77...
Ju'y 1,'76 ..3
4«7,J00
661, :00
23.100
41.fOC
53,700
.Merchants
New York
New rork County
J.
Jan.
Mercantile
Murray
7,'73.,.4
6..>76...3
,!.& J.
kS.,900
91,100
Sa .00
198,300
Nassau*
Jan.
Jan.
8 9,S0C
.VI
Mechanics
Mech. Hkg Asso.
Mechanics & Trad.
Merchants' Kx
Metropolis*
Metropolitan
J.&
ii9.6;ii
73li.700
1C0,00(I
IC
100
100
1
F.&A.
'77. .5
I.
23
Columbia
67,(Oj .!.& J.
200,001
20(1,000
10(1
Irvlnt?
V9:.4IJC
61,1,011
'2r«,()0(
25
25
Hanover
Harlem*
Import.* Traders
& J.
.!.& J.
2. '78..,
50,1(6
t26U,:i28
77.195
200,000
300,000
200,000
200,000
153,000
800,000
210,000
250,000
300,000
200,000
200,000
100
3X
40,3.50
20(1.000
•23
.J.& J.
i6tf,>i0ll
Si',' 0.)
20
50
Bowery
8,00(1 •;.
100,10.
500.00'
-, ;50.oo(i
600,00('
1 500,001
I'OOO.OOl
100
100
30
r*
too
;oc
Greenwich'
Grand Central'...
l,6ill,70l
l(10,(HXf
,250,000
l.iViOOOO
350,00c
1
100
100
Brewers' 4 M'lst'rs
Broa'lway
..,
Brooklyn
.j.'&j!
5,000.00(1
IW
O'lntlneEital
too
50
'an.'y,'78.. .3
Nov, I, "77.15
3J0,00(i
Chatham
200.000
200,000
400.000
200,000
200,000
25
American
American Exch'e..
2, ""3..
'75. .5
.July 2, '77...
&
10
28
lOU
:u5
1373 1871 1875 1876
1877.*
Adriatic
2, '78..!
1,'77.. 2
2. '77
Ijlst.
Batlwy, broker, 65 Wall street,)
Net bUK
Dividends.
8.
PLUS,
Par Amount. Jan. 1
Bid. Ask,
Last Paid
1875. 1876.
&
'.i5
Ball's Head*
Batchers ADroy..
Period
08
.
—
Broadway
CO
3,000.000 :.6f5.iK)0 J ft .1
5.000,000
.M.&N
250 000
2 12, con .J.& J
150.010
900
1,000,000 MSj.ICO •I
J.
208,000
M.
S.
1 9,tOO
500,000
162,700 I.&J.
2.000,00C
4.8,400 J.& J.
100
100
100
Gro'i'"* 100
American ExcU
Bowery
PBI(3«.
COXPANiSB.
Marked thus (•
Are not National.
I
CHilONl^'LE
NEW YORK LOCAL
Bank
6
4
5
57
t
6
5
1
101
I1'4
116H
1I6K
116H
1U6X
101
"06
ICi
1:0
118
:i$
113
lOj
1C8
UO
1112
11'6
Hi
109
10 <
108
Jeitiy CUy.l
1895
101
102
110
I89'i-I902
1377-19
101
1891
ISOS
109
lann
105
U9
MB
X
—
Jasuaht
)
:
THE CKaOWCLR
19, 1878.1
AND
STATE, CITY AND CORPORATION FINANCES.
is published on the last Skturday
month, anrl furniaUed to all rettular Bubscribers o( the
Chkoniclb. No sinKle copies of the Supplement are sold at tb«
office, as only a sufficient number ia printed to supply regular
" Investors' Supplement"
Total scrip to
be lasned
&
Reading; Rillrosd Co. general mnrtsage
loin, lt)71-li)0j, $19,fl8ti,' 00 at 6 p.c.X=9 p.c. for 8 jears. $1,771,740
Diitenlure loan, 18t;»-18i):), $1,138,800 at « p. c.=30 p.c. for
Philadelphia
of each
Syoars
341,490
Convertible loan, 18:3-!o93, $10,499,£00 at S p.c.=:30p. c.
for 5 years
Cjnvenlblo lojn. 1870-1891', $28,000 at 7 p. c.=&5 p. c. for
3,674,985
iyears
labscribers.
riiiindelphia & Reading.
{For the year ending November 30, 1877.)
The annual report, just submitted, contains the following:
The following tabular statement in detail for each branch of
traffic shows the comparative results of the year's buBiness:
Decrease
equal
1
6,674,889, equal
$5,797,995
Debenture
forSyeara
Iron Co.
c.
Porkiumcii Railroad Co. Consol. mort. loan, 1873-1913,
$1,12.1,(00 at 6 p. c. </,=9p. c. for 3 years
.Schuylkill Navi?atiou Co.
Loan of 1895, $1,200,000 at 6
p. 1-. fni 5 ytars
Dividends $101,651 lor 5 years
$605,850
101,250
36O,0CO
eoe,KO
868,j:o
Susquehanna Canal Co.
Loan of
1885, S1,COO,0<10 at 6 p. c.
for 5 years
Lnan of l!tl8, $f, 121,000 at 6 p. c. for 5 years
Loan of 1902, iS5C,000 at 7 p. c. for 5 years
$.W0,000
a98, 00
b7,600
783,800
1
$2,433,685-j lo 799,088 Ihro' V $1,610,030 D.t3J3,633
to l,131,9t» Ihro' V
9,949,601 *;687.648'8-S0 tone.
6,708,B88 b.9L'6,194 7-20 tons.
Mdse.S,.19)l,3TK IC-iO tcna.
S.!)1S,538
S5.91.3
81,159
$12,227,511
8,510,350
$11,112,910 D. $81,601
';,751,6'j3 D. 758,6i7
M,4«
Hall
Ulacelianeous
$8,157,166
Total amount of scr'p to be iesaed
D.
7,506,4071.. 7i6,.'.S5
41,687 D.
12,897
74,473 D.
8,681
Coal.. 4,62-2,9!6 ton*.
Gross receipts
Grose expenses
or Incr*8e.
-1877.-
18-6
^10,!^3•^.157,
9,800
A
Pliiladelphia and Readinz Coal
loan, 1872 1892, $l,781,00OBt 7p.
ANNUAL REPORTS.
Travel
65
the Perklomeu Railroad Companv, ia each of the two following
years it will amount to $1,881,105.
DEsoaimoH or loars.
JnuestmcvitB
The
.
Year erdins
Year ending
Year ending
Year ending
Year ending
Year ending
Nov.
Nov.
Nov.
Nov.
Nov.
Nov.
30, 1877
ac, 1878
30, 1879
30, ISSO
$928,707
1,B81,1«6
1,881,165
1,585,875
1,^56,835
658,417
30, 1381
30, 188*
$8,157,105
Net
$4,391,217
$.3,-17,161
profits
I.. $674,056
Gross expensec, including renewal fund, rents of lateral roads,
taxes, &c., in the year 1876. were 09 t 10 per cent of gross
receipts year 1877, were 63 8-10 per cent of gross receipts. The
receipts and expense^.per passexger and per ton, including renewal
fund, rents of lateral's, taxes, &c., and based upon entire coal
tonnage of the company on main line, branches and laterals, were
;
as follows:
^e^r..
Per passcneer.... Cost. $016
Mdse., per ton... Cost.
do
Coa),
Cost.
5-10
79 4-10
85
1876.
1877.
$016
6-10
&J8-;o
66 6-10
1877.
Received. $0 52 3-10
Received. 118:1-10
Received. 119 9-10
$0 211-10
102 7-10
103 4-10
all expenditures of the company, except interest on the funded debt, and include rents of
leased railways, renewal fund, taxes and premium on gold and
exchange.
As condensed from the transportation and income account,
the result of the year's business may be stated as follows
The above statements embrace
:
Receipts over cost of working the road
Profit
on steam
State tax
r.
81,391,217
840,':31
colliers
(onded, profit on coal barges, &e., less depreciation
anddrawbacks
95,16^
$4,727,115
From which deduct—
$218,656
Loss npon business of Sclinvlkiil Canal
Less profit upon business of Canal Trinsporta74,901- $17).75«
tioBLir.0
180,3.39—
Loss upon the buiiuess of Snsquvhanna Canal
£51,094
$4,373,021
Prom which deduct
Interest on bonilcd debt
Interest on buuds and mortgages
Debit balance of interest account
$4,185,221
112,664
838,536— 4,636,478
$163,450
Debit balance for year charged toprofltand loss
The President, Mr. Qowen, remarks: " It will be seen that the
result ot the year's business of the railroad company, after payment of all rentals of leased lines, and charging off the lasses
upon the canals, has been, exclusive of sinking fund charges,
$163,450 less than the amount of the fixed charges for interest
account ; but, as in the kbove statements, the full amount of
interest and rentals is charged as if paid in cash, and as by the
operations of the funding scheme, hereafter to be referred to,
(863,123 of the said amounts were payable in scrip, it follows
that the net result of the year's business of the railroad company shows a profit of $690,674, more than sufficient to meet all
fixed charges, which, by the terms of the funding scheme, were
"Of the above amount there had been actually issued in scrip
prior to the close of the fisoal year $6,097,398, of which amount
$1,803,000 had been converted into income mortgage bonds,
leaving outstanding $4,294,396 of scrip, which several amounts
will correspond with those in the balance sheet
while up to
January 10, 1878, the entire amount of scrip issued was $6,379,433,
of which amount $1,843,000 had been converted into income
mortgage bonds. Apart from the protest of a few coupons by
a bank holding them for collection, no attempt has been made by
any bondholder to enforce the payment of his coupons, and tiie
managers have rigidly and in good faith adhered to the pledge
made on their behalf at the London meeting, to treat all bond;
holders exactly alike.
INCOME AND FLOATING DEBT.
"As compared with the floating debt of $8,372,359, reported
at
the last annual meeting, the floating debt of both companies, at
the close of business on the 13th of January, 1878, was $6,674,980,
of which sum $17.5,335 is represented by bills receivable, with
good security, discounted for the company, but included in the
floating debt out of abundant caution in anticipation of the
debtors requiring additional time on the maturity of the obligations, and a further amount of $519,803 represents loans made
upon coal and iron now on hand, and of greater market value
than the debt secured by the pledge. The managers have therefore fulfilled their promise to reduce the floating debt by at
least the amount of relief obtained from the funding scheme, and
in view of the larger amount of such relief to be obtained during
the coming year, it is confidently expected that before its expiration the floating debt will be further reduced to the extent of
very nearly $3,000,000, no matter what may be the prices obtained
for coal or the rates received for transportation.
Referring to
the income statements and the general balance sheet, it w!li be
seen that the amount charged to profit and loss, viz., $1,519,1.59,
representing the loss of $1,355,708 for 1876, and $163,450 for
1877, can at any time be overbalanced by the credit on the other
side of the ledger of $1,.571,800 representing the amount of the
funded debt of the company actually paid and canceled by the
operations of the sinking funds and charged to income account In
previous years and in lieu of reserving this credit as the basiB
of a distribution of stock, as has been done heretofore, the managers recommend that it be used to wipe out the amount standing'
to the debit of profit and loss as the result of the business of the
;
last
two years.
new work done by the
railroad company has been
renewal fund, which, computed at the rate of five
cents per 100 tons of cargo carried one mile, was amply sufficient
" All
payable in cash.
charged
FUNDING SCHEME.
"A proposition was made to the holders of the general mortgage
bonds and of the guarantees of the Perkiomen Railroad Company's
for the purtjose.
sterling bonds to accept for their coupons for the next three years
one half in cash as they matured, and the other half in five-year
interest-bearing scrip, and to the holders of the convertible bonds,
the debenture bonds of both the railroad and coal and iron company, and to certain of the bondholders of the Schuylkill Navi-
gation Company and the Susquehanna Ctnal Company, as well
as the stockholders of the former, to take interest-bearing scrip at
five years for their interest and dividends accruing within that
period, it being understood that all who bad claims for interest
might at their option accept at once the ecrip for the entire
amount, and tliat all the scrip issued should, at the option of the
holder, be convertible into income mortgage bonds it being
further proposed that the driwings for tiie sinking funds of the
improvement mortgage, the general mortgage and the Perkio
men sterling mortgage should be suspended until 1881. On the
6th day of June last a general meeting of the sterling bondholders affected by the proposition was held at the Cannon Street
Hotel, London, at which tlie sclieme was unanimously approved
and accepted.
" Exclusive of sinking funds, the following table will show
the amount of relief afforded by the scheme and the periods
within which it will be obtained, and it will be seen that whereas
for the past year such relief has amounted to but $933,707,
iaclading that appertaining to the Coal
Iron Company and
;
&
to
"Apart from the issue of the scrip and income mortgage bonds,
the only clianses made in the funded debt of the company dnrine the year have been the extension for five years, or until
1883, of the $134,400 bonds which matured July 1, 1377, the
cancellation of $3,100 of debenture bonds received according to
the conditions thereof for freight, and the cancellation of $1,000
of the consolidated mortgage lo&n for the sinkicg fund.
VOLUME OF TBAFFIC.
"The
following table will show the volume of traffic for the
last four years, the great increase of passengers in 1876 having
been due to the Centennial Etposition held in Philadelphia in
that year. The coal traffic for 1877 has been larger than eTM
before carried, while the aggregate tonnage of all kinds, 11333,826, has only been once exceeded in the previous history of the
company, and excluding from the comparison ot that year the
excess of company's materials then carried, the paying tonnage
of the past year has been the largest ever known:
6,««4,839
6,348.812
1876.
187S.
6,988,129 10.936,157
5,605,455 5,585,207
3,098,881
t,t»ajK6
493,591
681,984
1.874.
Number of passengers carried
Number of tots of coal, 2.210 lbs
Number of tons of merchandise, 2,600
lbs
''ztyLniy":°'"r':'. '""':.
»^ „«.8S7,Mg
o.., <..
«,4»3,m
« ,«,
m.«>
m,m
.1,388.841 10.C»9,M0 10.888.826 11,888,81
''i."c\udin"g*';lTSriv'il"ge';;-'
and company's materials
„
1877.
6,M«.«»
7,;55,8»
)
.
m
;
THE CHRONICLR
[Vol. XXTI.
an ailotment which gave to the interests shipping over the ReadLINES.
ing Railroad 28f per cent of the entire tonnage.
to the several branch lines and the auxiliary
"Although this amcunt is less than that ever received in any
aa combusiuess of the railroad company, it may be said that,
a gain period of fair and open competition, it baa been thought advisable
pared with last year, the Catawissa Railroad lease shows
Norristowu branch, while to accept it in the belief that the increased price of coal to be
of 112 80-1; that the Germantown &
realized as the result of the agreement would much more than
it, has not
earning a profit over and above the rental paid for
stagna- compel sate for the loss of tonnage, and it is certain that if the
done so well as in previous years, principally due to the
Norristown line that proposed arrangement is carried out in good faith, of which there
tion of manufacturits; industrv along the
increase ; and is now no reason to doubt, the result will be very greatly to the
the business of the Perkiomen Railroad shows an
Qaarryville interestn of the compiny in the immediate future, and should
that after payment of the rental of the Lancaster &
Rail- enable it to get rid of all of its floating debt within two years;
Railroad, of which it is the lessee, the Reading & Columbia
and, with the incubus of this debt once removed, it is not likely
road has dine better than in any other year.
to de" The express business has resulted in a net profit of |5o,lol that any serious obstacle can ever permanently interfere
managers are prive the company of that measure of success to which its large
aa against $63,229 for the preceding year, and the
years of estates fo justly entitle it."
gratifisd in being able to report that after so many
In regard to the chargea of Mr. Charles E. Smith, President
to
active competition the Adams Express Company has agreed
replies to them in categorical answers, and the questions
withdraw from the express business in the local territory and Gowen
between them apoear to be mainly on points of bookkeeping.
along the lines of the company, and to maintain rates with the
At the annual meeting in Philadelphia, January 14, resolucompany at all competitive points reached by other lines of railtions were adopted accepting and adopting the annual report, and
transporter.
it
is
a
which
over
road
On motion of Mr. Charles E.
ratifying the 6 per cent scrip issue.
" The line of steam colliers has yielded a net profit of $240,7.jl
for Smith, it was resolved that a committee of three stockholders be
for the year, after charging to expense account $73,800
appointed by the meeting to investigate the condition of its
insurance fund, which is now in credit $276,014.
accounts and affairs, especially as to the truth or untruth of the
COAL & IRON COMPANY.
" The total tonnage of the estates of the Coal & Iron Com- statements made by Mr. Charles E. Smith, with power to send for
appointed cont-ists of D. B.
pany for the year was 5,183,637 tons, of which there were mined persons and papers. The committee
Cummings, E. S. Whelen and Joshua Lippincott.
by the company 3,794,538 tons, and by tenants, 1,389,108 tons.
" The following general income account shows the result of the
BRANCH AND LEASED
" With reference
;
—
GENERAL INVESTMENT NEWS.
buainess of the year
" Here follows statemint showing
:
Gross expenses
Lees gross receipts
*ln^n-'noI
lO.UO'.Uiii
$577,615
" This loss of $577,815 ii further increased to $755,478 by tlie
following items, principal'y of deureciation of stock and materials and equipment as p> r inveuioiy of November 80, 1877
:
Loss 38 per statement of goDe
Add
al
for depreciaiion in value
ii:com3
$577,815
of—
$231,173
Stock of oal on hai.d
Stock at furu'ices
Portsmouh property
Colliery equipments
Iron ore eqnlMnents
'
Of
SO,
1817—
$58,496
10,159
4,670
7i,'298
8,231
20,310
1,648
8,089
irou ore stock
New York
City.
—
Ashbnruliaiu. At Fitchburg, Mass., January 10, this road was
sold under foreclosure of mortgage to W. H. Morse, trustee for
the bondholders, for $11,500. The property was afterward
transferred to George C. Winchester, who had previously bought
the equipment and some other property at sheriff's sale, and who
was one of the principal owners.
Atlantic & Great Western.— Messrs. H. W. Blake and C. E.
Lewis, the trustees of the leased lines rental trust bonds of 1873,
announce in London a division for the half year of £4 per £200
bond, thus clearing off the partly-paid coupon of January 1, 1876.
10.140
49,863
2,887
l,iii
$iC",119
Deduct for increased values as per inventory, Nov.
Of dead work at collieries
Of supplies at 0)1. ieries. ..
Of iron ore mine implements
Of dead work at iron ore mines
Of eupplie* al iron ore miaes
Of Pottsville machinery depot
Of stock at furn> cea ...-.
company hare executed a mortgage to the Farmers'
Loan & Trust Company of New York, to secure $1,750,000, bonds
of the denomination of $1,000, payable thirty years from date,
bearing 6 per cent interest, payable semi annually, in United
road, the
States gold coin, in
,*'^^
Pottsville corral
Alabama & Chattanooga. — The purchasing bondholders of
& Chattanooga Railroad Company have organized a
new company under the name of the "Alabama Great Southern
Railroad Company." To secure money to repair and equip the
the Alaljama
—
Buchanan Connty, Mo. — Of
nj,893
the suit of the holders of the
bonds issued to the St. Louis]& St. Joseph Railroad Company, in
4r,406
Add for bad debts of current year
progress in the United States Court at Jefferson City, Mo., the
Add lor expensed of leases to Crock«r Bros., for stor" The case will be submitted on brief.
St. Joseph Herald states
2,118
ing irou
The points made by the counsel for the county are that the bonds
and, second,
$760,591
are invalid because they were issued fraudulently
From which deduct^
that 5 per cent of the capital stock of the St. Louis & St. Joseph
..
$3,151
Proflt of rolling mill
Railroad Company had not been paid in according to law wlien
1,953
Amount received ih 1317 for business of 1376.
6,113
the bonds were issued to it and, third, that the bonds should
have been issued and sold by the county, and the proceeds paid
Total loss for the year, inclnding depreciation.
$755,473
company, instead of being issued directly to the company.
" The interest account of the Coal & Iron Company for the to the
The bondholders claim that the whole matter is res adjudicata,
year was $1,020,378, including therein the amount paid in the
the United Stated Circuit Court having already rendered a
scrip of the ra Iroad company.
decision on coupons of the same series and involving the same
" The actual cost of mining, preparing and delivering coal into
points."
the railroad cars for the year was $1 03 9-10 per ton, but aa this
Central of New Jersey— Lehigh & Wilkesbarre Coal.—
sum includes the cost of all new work and improvements done
aud erected in the year, all of which hag been cliarged to work- A meeting of different committeea was held at the office of the
ing expenses, the actual cost of mining was less than $1 per ton. New Jersey Central Company in this city. These committeea
" Notwithstanding, however, the bad result of the busineps of were as follows
133, 2vO
:
;
;
. .
:
the Coal & Iron Company, when it is considered that that company paid to the Railroad Company for coal freights alone over
$5,000,000 in cash, and that the general merchandise and passenger receipts of the latter company were greatly increased by the
business reaulting from the large product of coal, it is evident
that the profits of the Railroad Company from the business of
the Coal & Iron Company so greatly exceed the losses of the
latter, that, taking into consideration the low prices and depressed condition of business, the joint result of the operations
of the two companies must be considered as favorable as cou'd
have been expected."
THE COAL COMDINATION.
Of the combination among the anthracite coal companies, Mr.
Oowen
says: "An agreement, well protected in all iis essential
parts, has been practically approved by all those interested,
though for some weeks the vexed question of a proper division
of tofinajf J was mt satisfactorily solved. The proportion of the
entire tonnage to wljich those shipping over the line of the ReidIng Railrond wou'd be entitled may best bd estimated by the
fact that it was, for a period of five years preceding what was
known as the late combination, 30'55 per cent; for the four years
of the combination, 26'21 per cent; for the year 1877, 33-82 per
cent; for five years ending December 31, 1877, 37-84 per cent
for ten years ending December 31, 1877, 29 03 per cent.
" The position of those shipping over the lines of the company
Committee of Consolidated Bondholders, New Jersey Central —Robert L.
Kennedy, John S. Kennedy, John E Igar Johnson, Kdwiu M. Lewis and
Theodore Dreier.
C'.>ramittee on Demand Loans of the New Jersey Central — George S. Coe,
Thomas Cochrane, John S. Kennedy and E. C. Knight.
Committee of Bondholders, Lehigh & Wi'kosbarre- John S. Barnes, F. A.
Potts and George A. Haven.
Committee of Stockholder?, New Jersey Central— George Manley, Warren
Ackerma", Kufus Story, the Hon. Jacob V^inatta and Thomas Cochrauc.
After a brief discu.-sion it was decided to appoint a sub-committee of eight persons, composed of representatives from each
of the original committeea, to consider the various schemes that
have been proposed for the re-organizaiiou of the two companies,
from whicli a plan shall be prepared, to be submitted to a future
meeting of the joint committee to be called by the chairman,
Mr. F. A. Potts.
The chairman appointed as the sub-committee the following
:
J.
S.
Kennedy,
of J.
S.
Kennedy &
Cn.,
New York
;
J.
Edgar
Johnson, of Brown Brothers & Co., New York; E. M. Lewis,
President of the Farmers' & Mechanics' Bank of Philadelphia
George S. Coe, President of the American Exchange Bink of
New York; Thomas Cochrane, of Philalelphia George G.
Haven, No. 17 Wall street. New York Jacob Vauatta, No. 21
(Jortlandt street. New York; and Georg» Manley, of Mauley & Co.,
No. 62 Broadway.
At a meeting of stockholders held January 8, 1878, a scheme
;
;
;
—
re-organizition, different in many respects from that prewas that they would not be bound by the percentage obtained iu viously proposed by the bondholders' committee, was unanithe lost five years, for the reason that they embraced the entire mously adopted.
period of the late combination, as it was called, during which
This scheme seta forth that of the $11,1500.000 bonds of the
they received so much less than they were entitled to; but after Lehigh & Wilkesbarre Coal Company, $6,116,000 are owned
an offer to take the percentage of the last ten years, and again by the New Jersey Central and $5,384,000 by various inoffering to accept as a compromise 38i per cent, the matter^vas dividuals, the bonds being guaranteed by ihe New Jersey Cenverbally adjusted iate on Saturday afternoon, the lath inst., by tral. It is proposed that the individual holders shall cancel this
of
:
Jabuabt
:
THE CHttuNICI^
10, 1878.)
67
if the Co«l
The President remarks in his report that this is the first year
will give its bondii bearinir 7 per cent intereat, and in which any deficit has been showo since the lease. The catise*
payablo in ten years from March 15, 1878, to bo known as income are well understood as growing out of the gooeral basioeas debonda. In lieu of the noupona cancelled and for an equal amount, pression, and do not require to be entered' itito at length. Regathe intereat to be paid only in caae the income of the Coal Com- lar dividends have not been affected thereby, and an examination
pany in each year is HutllRlent for that purpose after payment of of the expenses as above set forth, with referencs to the mainthe intfnst on prior mortgage liens. Both the New Jersey Cen- teuance of the property, will show that the lessee had not failed
tral and the Coal Company shall treat the |6, 116,000 Lehigh &
iu duty in this respect.
Dividends are secured to the stockholdWilkeabarre bonds owned by the New Jersey Central aa second- ers beyond any reasonable peradventure, the payments of which
ary in every respect to the original |5,334,000 Lehigh & Wilkea- may be looked for with the same assurance In the future as In
barre bonds, and to the new income bonds. The individual hold- the past. The good fi-ith of the lessee is attested not only in the
ers ahall also have the full benefit of the sinking fund provided maintenance of the property above noted, but also in rtrserving
in the mortgage which, except for the agreement, would accrue its own dividends under the extraordinary emergencies of
the
to the $0,116,000.
past season. The ability of the lessee, never successfully quesThe holders of the American Dock & Improvement bonds tioned, is thus amply fortified.
to receive in payment of interest to July 1, 1883, similar bonds
Coal Combination. The proposed allotments of tonnage for
belonging to the railway company at par, f700,000 of these to be
have been formally agreed to as follows Philadelphia and
deposited with the trustees by March 15, 1878 the holders of 1878
Heading, 28625 Lehigh Valley, 19 750 Central of New Jersey,
the convertible and consolidated bonds to exchange two and a
half years' coupons for new 7 per cent 20-year bond.«, of which 12-905; Delaware Lackawanna & Western, 12750 Pennsylvania
Kailfoad, 7625 Delaware & Hudson, 12480; Pennsylvania Coal
$5,530,000 to be issued and to be secured by morta'ajjes on the
Communipaw and Port Johnston property of the railway com- Company, 5'8C5. The Board of Control was organized by the
pany the Knox and Keau bonds for $3,300,000, issued under a election of Mr. Dickinson as president, Mr. Gowen as secretary
mortgage for $5,000,000, to be canceled when tlie debt for which and treasurer, and Mr. J. H. Jones as expert accountant. Meetthey are pledged is paid holders of convertible and consolidated ings of the board will be held monthly alternately in New York
bonds to have one-third representation in the Board of Directors and Philadelphia. The new Delaware & Hudson schedule of
price for coal compares as follows with the supplementary
until the railway company pays a dividend on its capital stock
schedule of the Pennsylvania Coal Company, issued December 81
foroneyfar; the stockholders to exchange one-tenth of
guaranty and the coupoafi for the next throe years,
Company
—
:
;
;
;
;
;
;
—
;
their
stock for 7 per cent 2j-year income bonds, interest payable only
after paying all prior claims, and to pay $100, in instalments of
$20 every lliree months, for *a similar bond if by this means
$2,035,800 are not raised in three months, the Receiver to have the
privilege of selling a sufficient number of the last described
bonds to m«ke up the diiierence the agreen:ent to be binding at
the pleasure of the Receiver by March 1, 1878; the Receiver to bind
himself top:iy from the proceeds the secured liabilities amounting
to $4,500,000, the creditors in that case agreeing to give an extension to Nov. 1, 18S0. provided the interest and onetwelfth the
principal are paid every three months the Receiver to compromise, if possible, with the holders of unsecured claims, amounting
to $700,000
the scheme to be binding if $1,030,000 shall have
been paid in or reasonably expected by March 1, 1878; only those
subscribing by that date, and surrendering their coupons by
March 15, 1878, to be entitled to its benefits. Provision is made,
however, for the Receiver to extend the time for the completion
of the plan.
The Xew Tork Commercial Advertiser recently gave the following Messrs. John S. Barnes, Q. G. Haven and Frederick A.
Potts, the committee appointed to prepare a report for the Lehigh
& Wilkesbarre consolidated mortgage bondholders, have presented the result of their labors, of which the following is the
substance
;
Last prices.
Furnaco
••gir
Stove
Chestnut
;
New
prices.
Advance.
1
Steamer}Grate
)
$J 63
S3 15
60
8 85
3 25
2 to
3 35
3 75
3 50
50
£0
60
Indianapolis Bloomington & Western.— Receiver Wright
mouths ending November 30
reports as lollows for the five
:
Ualance. July 1
Receipts from np-^rating accounts
Ecceiver's ccrlilicatcs
$9,120
603,039
817,915
;
;
Total
vouchers, &c
Receiver's certificates paid
:
having been repressnied that the release of the guarantee of the Central
Kailroad Company is a neceitsar}- condition to a re-orsanization of the afTalrs
of said ratlr.-ad company, it in proposed that the hcHdera of the Lehigh &
WilKesbarreCoal Company's consolidated bonds consict to such release, upon
the following te-m« and conditions:
That the bonds held by them to ths amount of $5,38i.000. or thereabouts be
made preferred consolidated l)ond« of the Lehieh & Wilkesbarre Coal Company said preference to be secured in such manner thai the balance of the
issue of said consolidated mort(;age bonds owned by said railroad and tald
ceal companies, but now hypothecated to secure certain debrs of said companies, also all of said bonds in the possession of the receivers of said com;
panies.
That the net earnings of said coal company,
tlie Hens prior to said consolidated mortgage,
after paying the interest
cpon
shall be appropriated
and «drr r
f
as follows
^ irst— To the payment of the Interest upon said income bonds.
Second— To the payment of the interest upon the said amount of $5,384,O:0
of Dreforr.'d consolidated mortgage bonds.
Third— To the payments into the linking fund as hereinafter provided.
Four h— lo the payment of the interett upon the said $6,116,000 of consolidated mortgage bonds.
That the said Lehigh & Wilkesbarre Coal Company shall, on the 1st day of
January, 188i, and quarterly thereafter, pay to trustees appointed for that
piirpose. a sum eqaal lo ten (iO) cents per ton for «ach and every
ton of coal
pliejl
mined by said company.
Fir-t— To the cxtingui-hment of the mortgage Hens upon said coal company s lands, prior t» ttie l;cn of the con.-olidated mortgag-.
""*' ""fchase itt the said coal company's sterling
bon^s.
S?^°?
m^""
I hird— To the purchase of said Income bonds.
1 ourth—To the purchase of said pref rred consolidated mortgage bonds.
AH such purchases to be made at the lowest prices obtainable, at or under
par.
That the said Central Railroad Company of New Jersey sh^ll, by a proper
agreement In writing, bind itself to transport the coal of the fald coal company, at rates to he from time to time agreed upon, which rates
shall be as
""^^ '" ""^ """"' '*"??"• l''<;'«<l'Dg lateral rates and termr**? har* ^
"
Clereland
& Pittsburg.— During the year ending November
from the lessee: Account rental, coupons, sinking fund, etc., as per terms of lease,
$1,206,406 and
the disburspinents were: For dividends,
$786,801; for coupon
interest, $346,880; for sinking funds,
$62,599; for maintenance
of organization, $8,926— leaving a balance of
$1,140.
The income, other than that derived from tlie lease, and the expenditures on account of unsettled business previous to the
leaae were
»8 follows: Receipts, $6,303; expenditures, $38,855; excess of
expenditures over receipts, which represents reduction in assets
left in tife co^mpany's hands at the
transfer of the property to tlile
lessee, $33,451.
This balance is charged against the old ni
net
earnings account.
80, 1877, the receipts were,
;
The earnings and expenses
December
ments of
of the road for the year ending
by the lessees under the requireArticle 8 of the lease, were as follows: Earnings
31, 1870, as reported
*'°'''°g
$58 25l'°'*'
fund investment during the year reached
141,699
157,602
Ba'ance, December
1
$72,523
The receipts were $63,403 46 in excess of the disbursements,
but the current receipts were $12,813 23 less than the current
disbursemenis, $76,316 68 having been received on certificates in
excess of the amount paid on the same.
—
:
It
$830,125
$615,902
Prty-rills,
Lehigh Yalley. Brief extracts from the forthcoming annual
report state that the tonnage of the past year exceeded that of
The income from all sources amounted to
1876 by 404,363 tons.
$7,100,218 ; operating expenses, $3,163,823
interest on bond?,
including premium on gold, $1,536,057; general expenses, interest on floating debt, Pennsylvania and New Jersey State taxes,
$847,093, leaving $61,389 to be credited to profit and loss account.
During the year, the investment in coal lands by purchasing
interests in properties on the line of the road amounted to $292,50O.
The net earnings of the New Jersey Division were
$948,760.
;
Macoupin County, 111.- The county voted on the 5th
to
fund
indebtedness at 75 cents on the dollar, rejecting all coupons
six per cent bonds.
The vote was very close,
theie being a majority of only 135 in favor of the scheme, and it
is claimed that in some of the towns there was an iniormallty in
the vote.
its
and issuing new
—
Montclair. Mr. Chas. W. Hasslerwas heard on an application
an order authorizing him to examine all books and records of
the Montclair and Greenwood Lake Railway Company now in
possession of the Receiver, Mr. G. A. Hobart. Mr. Hassler alleges
for
in his affidavit that the company was authorized lo issue $700,000 of construction bonds to complete the railroad to Greenwood
Lake and Caldwell, equip it, pay the right of way, and extend it
also to the line of the State of New York but that, while nearly
all the bonds have been issued, the Caldwell branch has not been
built, the line has not been extended to the New York boundary,
and amounts due for the right of way have not been paid. Mr.
Cirtlandi Parker, counsel for the Receiver, opposed the application.
He said it was not alleged there was anything wrong, but
it was desired to explore in the hope of finding something.
The
Chancellor reserved decision.
;
—
New Yorli & New England. The Committee of the Massachusetts Legislature has made a report reviewing at length the
propositions made by this company for State aid. They find that
the railroad company is indebted to the State for
loan of
$3.50 000 now ovcrdue,made toaid the company in obtaining (possession of the franchise and property of the Hartford & Erie Railroad
Company. The present interest of the Stale in the New York &
New England Railroad Company is, therefore, represented by
stock of the compacy to the amount of $3,600,000, and the note
of the company iQr $350,00.1. The committee say in conclusion
" Upon a review of the whole case, the committee are not prepared to make any recommendation which, in their judgment,
can lead to any present improvement in the investment by the
State in this road.
recommend that the loan of $250,000 be
collected, and that the entire interest ot the Stae in this property
be placed ia the hands of the Governor and Council, with full
powers to sell and dispose of the same in any manner to other
stock or bondholders, or any other parties, in order that the State
may, as soon as practicable, be withdrawn from all connection
with work BO foreign to the legitimate purposes of government."
:
We
New York
State Canal«.
— At
a meeting of the Canal Board
4
it was resolved that the Canal Board recommend to
the Legislature the adoption of the toll sheet of 1877 for the year
1878, with the exception of st^am pleasure yachts and passenger
boats, which shall pay a toll of not less than 10 cents per mile,
and their speed be regulated by the Canal Board.
The report of the Canal Auditor for the year endinpr Sept. 30,
1877, pave tha following earnings and expenses of the New York
State Canals
in Albany,
:
Tolls
Rents ^nd miBCcUaneons
Total rec:ipts
Expense 8 of repairs
Expenses of cullectioD and management
1876-77.
$1,011,690
1!,679
1875-76.
Sl,487,3:n
$1,058,361
028,701
l'H,627
$1,497,332
i(iiO,l 23
$1,050,339
$1,149,194
$3,031
$348,138
Total expenses
Surplus
10.001
159,171
Separating the accounts of what are known as the Constitutional Canals (not salable) and the Literal Canals (which may
be sold) the rerenues for the year 1876-77 were as lollows
Eevennes.
Expenses.
Net Kesalts.
:
C'onstitatlonal Canals
$1,012,830
40,630
Lateral Canals
Total of
all
Canals
$l,C53,3i)l
The Erie Canal earned |932,563
revenue $330,090
$76,054 75.
19, leaving net
deficit of
Surplus, $116,3?4
$898,545
153,783
Deficit,
113,253
$l,050,3i9
Deficit,
$3,»31
81 and cost in repairs |G93,472
03.
The Champlain Canal made
Railroad Building in tlie United States in 1877.— To
those who may have been under the impression that railroad
building in this country had come to a stand-still, the statement
below will be a surprise. It appears from the record of the year,
published by the Railroad Gazette, that no less than 2,199 miles
were
built in 1877.
table below includes " all new road on which track was
laid during the year, and it is mileage of road, and not mileage of
track, that is counted. No account is taken of second tracks and
sidings, whether on new or old roads, but the new road on which
track is laid is counted as soon as the track is laid, and a con-
The
siderable mileage chronicled below is not yet open for business."
In commenting on the figures, the Qazette says : " Our annual
record of the construction of railroads in the United States, published this week, shows that 3,199 miles were comoleted in 1877,
against 2,4C0 in 1876, 1,561 in 1875, 2,025 in 1874", 8,883 in 1873,
and 7,340 in 1873. The decrease as compsred with 1876 is nearly
11 per cent, but the total is above the average since tl;e panic of
1873, that average for the four years having been 2,061 miles."
* * * "
have noticed that the construction since 1873 has
been chiefly of short lines of local interest." » * * "Indeed,
there were very few lines constructed in 1877 which can be called
long. The longest single line was the 120 miles of the Southern
Pacific extension ; then follow the Minneapolis & St. Louis, 91
miles, the Colorado Central, 70 miles, the Rochester & State Line,
68 miles, the Maple River, 59 miles, the Syracuse Geneva &
Corn-inp, 56 miles, and the Philadelphia & Atlantic City, 54
miles.
No other line as much as 50 miles long was constructed
during the year.
The distribution of the new construction among the several
States and territories for each of the past six years, with the
total in each at the end of 1877, is given in the following table
We
:
3m.EAGE CP NEW liAlLROAD CONSTRUCTED IN EACH STATE AN» TEKRITOliY
FOB EIX TEAKS.
1872.
A'abama
Alaska
Arizona
Arkansas
California
Colorado
Connecticut
Dakota
Delaware
1873.
134
2
156
195
105
25
2.0
247"/,
2«iJ<
Florida
lOX
Georgia
46
85
121
1874.
18
140>/,
23
29
sas
21«
182
Illinois
686>f
l;3
142
45*
445
143
3
6jjf
194
Indiana....
Indian Territory
Iowa
Kansas
Kentucky
Louisiana
Maine
Maryland
Massachusetts
Michigan
37
Minnesota
Mississippi
Missouri
Kevada
Ilampshirc
1,740
49
788
239
111'/,
164>i
115
sx
5
5
4
41
200
109>i
58
83
16
2
93
81
65 1i
48
»i%
Bl
SU^
13
27«
10
17
36
30
20
15
5
46
84
10
48
(
27
814
236X
31
27
212
41
18
60
5!
40
22
e4
72!i
84
48
86
290
285
489
7,318
4,019
279
96ȣ
76
13J
150X
8B«
23V
%
37X
S4
2,158
1,072
921
S,306
72X
\\L^
196
43
New Mexico
New York
North Caro:ina
Ohio
Orfgon
Penneyivania,
435
60
it42i<
16
Hl^
68
456^
172
17i^
13
16
81
251
203
!91><
136X
88
15
891
57
Vermont
31
Virginia
49>tf
Washington Tir...
Virginia
Wisconsin
KH
40X
17V
E6
210
109^4
4,093
2.344
1.503
5(1
1,000
1,107
l.t.M
3,451
16
2,230
l,'4t
8,162
69
1,219
40
76
459.X
2(6
14
18
8IX
695i
43
275
151X
27
236
iS
114
385X
85
53
36
50
8^«
32UH
3,883
9(JH
9
9?i
IS
17
40X
i\\
7«
78
£9
11«K
U
Ziii
337X
27
32
70 V
6
102
2-3
2,' 25
1,56 J
Territory
.7,840
9«
•
2St
South Carolina
Tennessee
Texas
Utah
45
39
103
Island.
q-otfi.
231
2.9>tf
IX
314«
21
19
18
5
rotal at
end of
of lb77.
185
57t
18
NewJeriey
Wyoming
^H
1877.
IVOL. XXVI.
Eockford Rocli Island & St* Lonis.— The Frankfort (Germany) committee of bondholders has declared a dividend of 13
per cent from the proceeds of the sale of the road.
&
St. Louis Kansas City
Nortliern.— The following circular from the President wag addressed to the stockholders under
date of December 27, 1877
:
To the Stockholders of this Company :
In view of the erroneous )mprce8ions which exist, respecting a possible
Injury which this company might sustain in the event of the construction,
by the Chicago & Alton Railcoad Company, of another road to Kansas City
from Mexico, where we now interchange traffic with that company, I deem ft
my
duty
10 {rive to the
interest to them.
Since 1872 this
stockholders of this
179
20
n
10
16«
m«
h2}i
23
.M
5
2,4^
2,199
company such
facts as
may be
ol
the Chicago & Alton Company have operated
aline from Kansas City and Chicaeo, 167 miles overour road and :i25 miles over
their road, on a pro rata busts, giving to the Culcago & .Mton Road facilities
believed to be, in every respect, equal, if not pupenor, to an independent line,
without the ccst of peparate maintenance. With aU the advantages resulting
from the harmonious working of the two roads, our portion of the gross
earnirgs from the through traffic, in 1876, amounted to only $30'i,000, ana, including (he local traffic, to $173,000. This $163,000 local busiuess while retained by us will be, of course. I09' to the Chicago tfc Alton Railroad; thougb
It may be in part cimpensated for, though not exceeded, by the local business
derived from tlielr proposed new line, as said new line for its entire length
is in close competition with other lines— the Missouri River and Missouri
Pacific Kail roads—not a single mi!e of it being over fit teen miles removed from
some one of these competitors.
hhould this connection be severed, lines now existing would aflford onr
company equal facilities and a shorter route for its Chicago traffic, and, we believe, without any diminution of its present earnings.
The proposed new line is stated to be 16! milei long, and runs for upwards
of 100 miles south of the .Missouri River; our road being on the north side,
its interference, therefore, with our traffic would be iusigi ificaut.
It is claimed that by the proposed new line another line from Kansas City
to St. Louis can be created, via Mexico, through Illinois, over the Chicago
Alton lines to St. Louis. By onr road the distance is 275 miles by the proposed new line it would be at least 323 miles, crossing the Missouri River
once and Mississippi twice, involving heavy tftlls.
Onr friends need have little apprehension from competition by any sach
circuitous and expensive route.
To conclude, should the Chicago & Alton determine to build the road In
question, we see no reason to fear any serious injury to our property.
company and
&
;
South Carolina Consolidated Coupons.— Charleston,
S. C,
in the Circuit Court, to-day granted an
injunction against the sale of property for unpaid taxes in cases
January
10.
—Judge Reed,
where coupons of the consolidated bonds had been tendered in
payment. These coupons are on their face receivable for taxes, but
pending tbe action of the Legislature on the public debt have
not been so received.
Tennessee State Debt.— A meeting of holders of bonds of
the State of Tennessee was held this week at tbe office of Mr.
John B. Manning, No. 14 Wall street. About thirty-five gentlemen were present, representing, as it was stated, from $8,000,000
to $10,000,000 of the bonds.
The total issue of the State bonds
with accrued interest aggregates in round figures $23,000,000.
Mr. Eugene Kelly was made Chairman, and the following resolutions
were adopted
Besolved, Thit the eft'orts of any person who purported to represent the
bondholders of Tennessee were entirely unauthorized, and the declaration
alleged to have been made at Nashville that a settlement could be efi'ected
with the bondholders upon a lower basis than that proposed by the Committee
of Arbiters has uo foundation in ftct, so far as it rilates to the great tody of
bondholders.
/?e«otec(. That while we deplore the attitude assumed by the Legislature,
during its special session, toward tbe bondholders, we believe it resulted from
the influence and unwarrai-tiblt interference of other parlies than real bond-
holders or their representatives.
That we have an abiding belief that the great State of Tennessee
by the rejection of honest claims, which it is abundantly able to
a stigma long to rest upon It, the efl'ect of which will be to paralj'ze the prosperity of the State, subvert its best Interests and engender that
demoralization which must ultimately result in loss to its citizens even far
Resolved,
will not.
pay,
enft'er
greater than to it« creditors.
Resolved, That the people of Tennessee be urged to adopt anc'i legislation
as will uphold the honor of the State and evince proper regard for 'the high
integrity which has hitherto characterized its citizens.
A committee of five was appointed to take such action as its
judgment may dictate. Messrs. Eugene Kelly, Peter Qeddes,
John T. Terry, Rev. Robert D. Moran of North Carolina, and Mr.
Dure, of James G. King's Sons, were appointed such a committee.
Toledo Peoria
has
filed his
& Warsaw. — Mr.
report for the
months
of
A. L. Hopkins, receiver,
October, November and
December
RKCKirrs.
Cash on hand October 2
Receipts from all sources for October
Receipts from all sources fi>r November
Reccitts from all sources for December
Total receipts
$23,301
147,912
116,260
120,260
$107,734
EXPENDITURES.
Disbursements for October
Disbui semen t^ for
Disbursements
for
$141,405
November
December
110,514
131,137
Total
$.3a3.057
Balance on Land
Ntbra^<ka
West
8414
1876.
SOT
22
Montana
Rhode
274>tf
1875.
18
Idaho
New
:
THE CHRONICLE
68
a
:
2(,677
—
Messrs. Thomas Branch & Co.
Virginia State Bonds.
6S0
S.'>8
bankers, in Richmond, Va., referring in their circular to the ex1,1 Hi
traordinary disturbances of value of the consol bonds of that
" Consols sold at 74 ia June last, the highest price
State, pay
r,(;77
they had reached since their first issue. The agitation of repu4,92'i
diation and opposition to the funding bill had subsided, and the
211
bonds had become a favorite investment at home. A larger pro6,12,'-,
M8 portion of the debt was held in the State than ever before."
1,591
They then refer to the political agitation on the debt question^
l,(ili7
which sent the price of bonds to 57, and say that the present
2,2'
Governor can be relied on to veto any law hostile to the constitu635
:
RSI
1,66S
162
607
2,7(il
464
79,669
tion or dishonorable to the State.
Wilmington Columbia & Augusta.— This company, lessee of
the Wilraiogton & Weldou Railroad, has announced its inability
to pay the semi-annual dividend of 3| per cent on the capital
stock of the latter company, now diie. The default is caused by
loss in earnings.
Januabt
:
.
,
THE CHRONICLE.
19, 1878.
69
COTTON.
Friday.
Thb Movrmbnt of thb Crop,
Friday Nianx. Jan.
18. 1878
Ueports favorable
state of trade does not improve much.
an early restoration of peace between Uusvia and Turkey
seem to have received more credence abroad than with us, and
the principal influence which they have hal upon prices ia
through tlieir efiect upon foreign markets. There is as the
week closes a general confidence in the stability of values, and
that any change must be for the better, though the condition of
The
to
The proposed reprivate credits continues very unsatisfactory.
ision of the tariff on imports is also having a disturbing influregular
spring trade wijl
ence. It is probable, therefore, that the
open quite late.
The pork mark^it has been less depressed, with the last few
days showing some improvement, and closing strong. Yesterday
some 3,000 bbls. mess sold (or April, opening at $13 25 and adyancing to $13 40, and today, after a weak opening, there was a
sale for April at |13 50, with «13 50 asked for March and $12 35
for February. Lard ruled dull and heavy till Thursday, when an
active export demand caused an advance in prime Western to
$7 90 on the spot and for January and February delivery, $8 02^
but the close to-day was 5@7ic.
for Mirch, and $8 10 for April
per 100 lbs. under those figures. Bacon has been active at 6@0ic.
for Western and city long clear on the spot, and fije. for Western long and short clear together for prompt arrival. Cut meats
at the recent decline have been fairly active. Beef and beef
hams remain quiet. Butter is steady, and choice grades have advanced to 37(<«4oc. Cheese has slighUy tended upward. Stearine
Tallow closes quieter at 7J@7 11 IGc.
is dull at 8c. for prime.
for prime.
Winter hoR-packing in the West, November 1 to January 9,
1.877-8, hag been as follows:
;
1877-';8.
18T6-'TT.
Nov.
Nov.
Jan.
At
Xo.
six principal points
Bstlmated
Grand
all
1
to
2,55;i,000
l,40a,8'!5
oiber
... a.SoS.SI.':
total.
Vrevloas week
The following
from October 37
3,130,498
is
to
Pork, lbs
Bacon, lbs
Lard, lbs
a comparative
January
13, inclusive:
1877-'78.
18r6-':7.
15,416,600
131,178,278
62,661,1)9
1I,6M,100
117,412,021
67,611,043
Total, lbs..
summary
196,5)-9,465
9.
1
to
March
1.
8,1)30.000
1,4 16,981
3,891,085
1,810,413
4.076.881
3,712.602
5,101,308
of aggregate exports
Decrease.
Increase.
3,00.3,200
14,236,856
4,972,104
week at—
Receipts this
1878.
Wcw
Orleans
Mobile
Charleston
Port Royal, *c...
Savannah. &c
Galvef ton
1877.
63,620
1675.
187«.
25,725
5j,«55
19,487
13,849
9,444
11,097
8,629
31
16,931
1874.
47,020
15,655
9,751
16,819
10,621
13,386
14,991
959
1,175
17,618
13,311
13,516
36.1(4
10,845
15,137
13,285
9,718
18,910
135
S75
154
167
Ac
10,*78
12,314
13,563
5,788
North Carolina
Norfolk
2,481
3.95
11,7)9
13,427
2,449
153,72;
Ac
Indlanola,
Tennesese,
Florida
136
893
City Point,
4c
Total thlBweck
Total since Sept.
1..
55,400
U,38S
I
12,9et
19,I3S
11,37>
645 \
8.:"a
5,730
902
4S4
579
&4S
2,976
2,9:9
2,136
1,281
29
9,668
23,C82
15,036
422
628
2,879
561
115,015
142.071
14,1
785
159,419
101,6931
'
135,49S
2,794,496 2,89!,363 2,782,716 2,411,'>50,?,875,585 2,i;8,808
The exports
far the week ending this evening reacU a total of
137,732 bales, of which 97,649 were to Great Britain, 12,008 to
France, and 18,065 to rest of the Continent, while the stocks as
made up this eveuing are now 855,281 bales.
Below are the
stocks and exports for the week, and also for the corresponding
week of last season
Exported to
Jan.
falling
Great
ContiFrance
Britain,
nent.
13.
New Orleans'..
Mobile
Charleston
Sarannab, &c..
26,013
33,704
10,232
2,603
2,8.51
this
Same
week
week.
1877.
Total
Week ending
'
Stock.
1878.
ir.7
4,603
31,352
57,414
3.107
13,3 9
7,450
66,613
4,681
10,140
16,599
67,084
866.677
18,024
1,9»
1,200
21,149
5,737
tt2.820
Qalvestont
9,970
3,588
2,582
16,02J
12,836
112.902
New York
7,943
2)9,933
Norfolk.
9,482
.
630
13.408
.
Total this week..
97,649
1,320
12,008
18,065
.
8,572
11,337
:9,42>
4,530
22,272
14,728
11,914
38,000
127,897 855,281 896,375
127,722
the demand for export being compensated for by an
increased busiaesj for home consumption, so that sales for the Total since Sept. 1 952,359 265,785 361,775 1,479,919 ,663,216
week of 800 hhdg. are equally divided between these two
* Aeio Orleani.— Oar telegram lo-nlght from
New Orleans snows mat (Resides
spoveexponsj the amount of cotton on shipboard and engaged for shipment at
branches of trade. Prices are steady at 3@5c. for lugs and 6@12c. that
port Is as follows: For Liverpool, 59,01X1 l)ales for Havre, S0.750 bales; for
for leaf.
Seed leaf shows a greatly increased movement, tlie the CoullnoMt, 30,000 bales; for coastwise porta, 3, 7W bales; which, Ifdedncted from
stock, would leave 215,7c0 bales, representing the quantity at the landing and la
sales for the week reaching the very fair aggregate of 1,138 the
presses unsold or awaiting orders.
cases, as follows: 400 cases, 1876 crop. New England, 8, 9, 10, 12,
t Oaloeiiion.— Oar Galveston telegram shows (besides above exports) on ihlp.
board ai that port, not cleared: for Liverpool, a6,a;0 hales; for other forel«n,
14, 10, 18, 20, 25j.
100 cases, 1875 crop. New England, private 4,ui4 bale?;
for coastwise ports, 5,&2 bales; which, II deducted from the stock,
terms 350 cases, 1876 crop, Pennsylvania, 7 to 350. 63 cases, would leave remaining .'jj.555 bales.
} The eipons this week under the head of "other ports" Include from Balti1876 crop, Ohio, private terms; 25 cases, 1870 crop, Wisconsin, more,
351 hales to Liverpool
from Boston, 2 403 bales to Liverpool
f pom
rhlladclphla, WS bales to Liverpool; from Wllmlnglou, 3.09 hales 10 Liverpool.
9o.; and 100 cases sundries, 4 to 10c. Spanish tobacco lias remained
»3. bales to the Channel, and 1,320 bales to Amsicrdiim
Irom Port Royal, 4,0C0
quiet, and the sales are only 400 bales Havana, at 80c.(a|l 10.
bales to Liverpool.
In Brazil coffees little of importance has been done, but a
From the foregoing statement it will be seen that, compared
steady range of values has been maintained
fair to prime
with the corresponding week of last season, there is a deereoM
cargoes Rio, 17i@18ic. gold. Stock here on the 10th inst., 85,364 in
the exports this week of 175 bales, while the stocks to-night
bags. Mild grades, however, have been more active, though at
are 41,031 bales less than they were at this time a year ago.
several declines. Late sales embrace 11,502 mats Java and 7,400
The following is our usual table showing the movement of cotton
bags various, in lots for consumption, within our range. Rice has
stall the ports from Sept. 1 to Jan. 11. the latest mail dates:
in
;
;
;
;
1
;
;
;
;
shown
coosi'lcrable steadiness, with fair sales of domestic reMolasses has continued quiet for foreign, but domestic
has been fairly active, within the rang^ of 25@18c., the latter for
fancy. Refined sugar has been steady and in lair sale; standard
crushed quoted at OJc. Raw grades have been rather quiet, but
are quoted firmly fair to good refining Cuba, 7i@71c.
ported.
nbds.
M,745
Boxes.
2:i,863
7,8i7
7,;82
6.115
8,914
5,736
2,.?S3
10.559
10,441
512,382
109,351
837,277
11,304
6,252
65,165
12S.2;9
63,126
63,817
45,978
37,797
147,592
91,710
60,488
87,153
26,799
50,136
164,088
168,265
91,187
396,087
72,123
14,507
3,651
90.231
123,038
104,967
65,113
137,853
3,13;
51'2
Savannah ..
GWve«ton».
416,831
350,170
312,0J2
New York..
41,137
8,025
14,727
N. Carolina
101,573
93,78)
23,592
1,730
Norfolk* ..
Other ports
325,823
397,385
87,8:9
1,075
1,801
90,551
63,963
66,912
68,936
....
8,650
77,336
;
,
Naval stores have shown weakness and irregularity, owing to
a very quiet market spirits turpentine, SI^c. at the close, and
-common to good strained rosin, fl 65(31 70. Petroleum has
been moderately active at the low prices crude, in bulk, closes
at 6i(a<i5c., and refined, in bbls., 12c.
Ingot copper hag continued
quiet at 17J@17|c. cash, currency. Iron has been very quiet. Id
rails there was a sale early in the week of 22,500 tons steel,
delivered at Erie track, at $41 75.
Hides have been dull and
close easy. Domestic wools are firm, in moderate stock, and
last yr.
.
21,6M 162,609
188.65T
8,025
....
3W
18,191
209,73*
26,943
854,710 253,777;24S,710| 1352,197
881,7189
888,238
2,778..35) in93,1.^4'21 1,237 '193,943 r.85,319
641,2-.0
954,896
rot. this yr. 2,610,769
Tot
Stock
Ports.
269.913| 148,2 u| 98,727
339,758
to Pasages, 6^. per bbl.; do. in cases to Cadiz or Seville,
gold do. to Constantinople,
gold do. to Shanghai,
I
F . 28ic.
fa
6
43i@45c. gold.
sold freely at $1 00(31 06J.
wise
331,161
Blorlda
Coast-
ToUI.
(Jharlest'n*
;
WhiEte/
TO—
592
leum
rather quiet.
forel'n
1
44,603
li
S,943
;
France
Other
712,533
95,081
3!,795
;
Britain
8I»01i SSPT.
261,891
1,3
;
;
1876.
Qreat
780,693
Helado.
;
24c.
1877.
KZrOBTED
1.
251,051
Bat;8.
112,601
r.S.SSI
190,K0!
Ocean freights have been moderately active rates, however,
have shown some irregularity and easiness, though at the close
there was a partial recovery. Today, a fair business was
done at somewhat steadier rates.
Grain to Liverpool, by
steam, 9J(g9id.; cotton, 4d.; grain to London, by steam, 9@9id.;
hops, 9-16d.
grain to Hull, by steam, lOd.; do. to Glasgow, by steam, 9d. do. to Cork for orders, 6.t. do. to Copenhagen, 63. 9d.; barley to Cork for orders, 63. 3d.; refined petro;
BBOEIPTB
8IKC» 8KPT.
N. Orleans.
Mobile
;
8t0i:k January 1, 1878
Receipls since January 1, 1878
Sales since January 1, 1878
Stock January 16, 187S
StockJanuary 17, 1877
PORTS.
»
19a.
32,767
iJther ports t
209.75«.217
Kentucky tobacco has been without important changs, a
oS
from the South to-night, ia given below. For the week ending
this evening (Jan. 18,, the total receipU have reached l.'>3,737
bales, against 143,099 bales last week, 165,755 bales the previou*
week, and 321,634 bales three weeks since, making the total receipts since the Ist of September, 1877, 2,794,49(1 bales, against
3,893,368 bales for the same period of 1870-7, showing a decrease
since Sept. 1, 1877, of 93,872 bales. The details of the Jreceipts
for this week (as per telegraph) and for the corresponding weeks
of five previous years are as follows :
18K-'77.
Nov.
1 to
Jan.
9.
P. M., January 18, 1878
an indicated by our telegrann
17,077
^1,419
46,
37,506
Included Port Koyal, tc: under the beaa of
9aJcMiflnlslacladedladlanoia,ac.; undar the head of Xorfalt is Ineludad blty
Point &c.
These mail returns do not correspond precisely with the total of
•Under the head of CftorlMton
Is
the telegraphic figures, because in preparing them it is alwayi
BPcesB&ry to incorporate Bvery correction m«d»» at the port».
The market has ruled quiet for cotton on the spot throaghout
the week. On Monday quotationsjwere reduced ii-., to llic. for
middling uplands, but the only transactions of any mom^jnt were
700 bales for export Saturday and 700 bales yesterday for export
the otlier business of the week being limited parcels for home
consumption. The stock at this point continues to be little more
than half as large as one year ago. Export clearances from Galveston, New Orleans «i\4 Savannah wero unusuUly large oi)
X
X
: .
.,
.
X
:
.,
:
.
.
X
1
:
THE CHRONICLiL
70
[Vol.
XXVI.
CIS.
For iJane.
Ct8.
bales.
bale's.
c!b.
Wednesday and Thursday. To-day, at the weekly revision of Id.lOO
11-60
cts.
12-01
bales.
2CC...
11-4!
3,000.
11-71
!1-61
800
11-45
quotations, ordinary and strict ordinary wMte.and good ordinary
700
8,603
11-73
600
1,700 total July.
H-62
2,000.,
8.100
U-41
and strict ordinary stained were each reduced ^c. the other 13.(J0J
11-76
11-63
1,100...
11-47
700.
11-77
For AuffQst.
300
!l-'4
11-48
1.100
grades were unchanged. For future delivery, the course of spec- ll.SW
11-65
11-S6
11 79
100,
200
1.-49
1,400
On Satur- U.fOO
ulation has been much like that of the preceding week.
11-80
r,-87
COO
100
r.-6j
700
10.81)0
H-=0
11-68
11-81
600
SCO
1170
Ilfl
day, the non-confirmation of the report of an armistice between
i'.-5i
e.soo
10'
ii-iai
:f39
60O
'.i-is
11-5!
100
4.030
Kussia and Turkey caused » decline of 8 to tl points. On Monday
11-90
11-83
1.9*1
;oo
l'.-53
1,7110
11-99
4I,H)
K-t4
l.seo
11-34
2tJ,60: total April.
and Tuesday an early decline was nearly recovered at the close.
1,600
11-8=,
12-OJ
1,100,,..
20
11-S5
l,5n0
Tuesday
by
the
off
in
excited
on
falling
There was some interest
12-01
ll--'6
200
3.1100
For May.
ll-5i
100
11-8"
12-0-2
•200
.11-6;
20O
11-31
too.
the receipts at the ports, the total being only 16.553 bales, against
;90
".2-03
11-bS
..11-6!
100
l.BOO
11-58
400. ..,
3,000
Tuesday,
and
bales
corprevious
23,305
on
the
on
the
bales
24,319
11-61
11 3S
400
3M
Il-.i9
at'O
11-93
100
3,300 total Anjr.
..U-6,-,
11-SO
iOO...
responding date last year. On these fierures, the speculators for a 2.800
..11-67
11-9J
100
m>
rise came forward with the theory that the South already showed 135.9W total March.
Kor September.
..11-6S
410
11-55
..11-69
200
13.200 total Jane.
'.,700,...
signs of exhaustion, causing many contracts to be covered at a
..11-70
JOO
For April.
temporary advance and the highest prices of the week were paid
..11-71
200 total Sept.
.11-19
800.,..
600.
..11-72
For July.
310 ..,
January, ll'31c.
.11-30
February,
for the active months, namely
2,300.
For October.
11-82
..11-71
500
300,...
6.'0.
.. U-M
11-4,'i
40O
Wednesday was dull
ll'88c. March, ll-olc; and April, ll'65c.
u-s.i
..11100
...l'.-.5l
1.200.,
lOO.
ll"15
5.10
11-90
2(0
l'.-76
1,3(0
...ll-,i:i
11-19
and weak; Thursday opened slightly better, in sympathy with 4,^00.
200
11-93
11-7!
100
...11-56
1,4*
1,200.
11-50
900
an improvement at Liverpool, and the reported pacific character 1,600.
11-96
11-78
.11-5-!
100
400
,,..11-64
lOt'
11-97
SO-J
...11-5S
600.
of the Queen's speech on the re assembling of the British Par1193
2,100 total Oct.
210
9,600 total May.
...ll-i9
800.
liament; but the close was at 5@7 points under the highest figures
Liverpool having closed easier, and the receipts at
of the day.
The following exchanges have been made during the wsek":
Stxi Feb. for M*rch,
-14 pd to cxch,
the ports and at Memphis being comparatively large. To-day, the
100 Jan. ree. for 100 8. n. 16th, even,
-15 pd to exch, 500 Feb. for March,
-aipdtoexch, 2 OJaa, 8,n. for March,
market was easier, but quite irregular. The first sales for the
The following will show the closing prices bid for future dent-xt crop were reported, namely: September, ll-65c. October at
11 '640. yesterday; opening at 11 50c. and dropping to ll'45c. to- livery, and the tone of the market, at three o'clock P. M. on the
several dates named
day.
MIDDLINe tTPLAJTOS— AUBBIOAIT OLASSIFIOATION.
The total sales for forward delivery for the week are 278,300
Frl.
Thnrs.
Wed,
Tnes
Mon.
Sat.
Frl.
freeon board. For Immediate delivery the total
bales, including
Market- Irregular. Lower. Variable. Variable. Lower. Variable. Depressed
11-23
u-ao
11-21
11-28
11-23
sales foot up this week 3,986 bales, including 2,028 for export, Jannary
UU'SS
11-28
ii-n
11-35
11-Sl
ll-3i
U-31
U-45
for speculation, and
in transit. February
1,953 for consumption,
11-38
11-41
11-45
11-49
11-49
11-59
n-is
March
11 -52
11-53
11-6".
11-59
11-63
11-62
Of the above, 700 bales were to arrive. The following tables April
U-72
11-66
11-63
11-75
11-75
U-72
i:-73
U-85
May
show the official quotations and sales lor each day of the past Jnne
11-79
11-31
11-81
11-87
irs»
11 87
U-98
11-81
11-57
I
1
.
;
I
I
I
.
I
,
',
;
;
:
;
.
'
1
I
I
;
—
week:
tnPLANDS.
1
Sat. inon.
ALABAMA.
|
Mon,
Sat.
Sat. mCon.
Sat.
.0
0«
Good Ord'ry. "X
Strict
Low
9K
9M
OX
9X
tt.
MiddllnK
Low Muldl'g
Strict
9X
9IW
.o«
OX
OX
0%
.0^
iO
13-16
.0
l»-lf
,0
15-16
,0
11
3-16
11
1-H
11
3-16
11
11«
9X
UX
OX
18-16
1-16
IIX
Good MTddllng
Strict Good Mlddl'g
IIIW
IIH
11
•'IX
12
V.-H
12
IIX
Middling Fair
12«
»%
OX
OX
l-:«
5-16
,1
11
15-16
3-16
1
1
UX
IIX
12X
12X
12X
Won.
9X
9X
OX
OX
0*
11
lOiix
4-19X
4-79X
UX
12X
12X
12 i<
12
Tnes WeA. Tnes Wed. Tnes Wed. Tae« Wed.
Jan.l5. Jan, 10, Jan, 13, Jan, 16, Jan. 15. Jan,
Ordinary
*
Strict Ordinary
Good Ordinary
Good
Strict
Low
9X
9«
9K
9X
wa
10
Low Mlddrg
Good Mtddrg
Middling Fair
Fair
X
UM
UH
u«
n%
Til.
Th.
Frl.
1
UX
Ordinary
»
Strict Ordinary
Good Ordinary
Low
an
9X
9K
ft.
9«
Middling
Strict
Low
Mlddl's
10 13-11
11 1-16
Middling
Good
Middling,,,.
Strict Good Mlddl't
Middling Fair
Fair
9«
ICK
lOX
lOJi
Good Ord'ry lOS
10 13-11
U
Frl.
Til.
1-16
10 13-11
11 1-16
10 13-16 10 15-16
1-16 11 3-16
u«
u%
1U<
UK
lOX
lOX
yi)i
12K
Sat.
Frl.
0
9X
9X
10
lOX
lOX
W%
lOX
lOX
13-11
lOX
10 15-16
3-16
',0
:5-l(
'.1
3-16
V.'A
IIX
n\
IIX
\2%
Vi%
U 3-16 U
UX
HX
UX
UX
12
12
12
12X
12X
12X
12
13
13
13
IS
U
UX
UX
UX
mon, Tnes Wed. Th.
9X
9«
9X
914
9X
lOX
lOX
lOX
10 K
lOK
lOH
lOX
lOx
lOX
IPX
9X
,
9!^
10
Low .Middling
Middling
MARKET AND
Dull.
I('2X
Steady.
Dull.
Dnll.
102
10 i
4-79
4 79
101
4-79
4-7JX
4.79X
1876.
1875.
393,000
649,000
683,000
750,000
19,OeO
11,250
52,000
120,750
4H,0'J0
690,250
745,000
876,750
Ub.MX)
180,750
820,000
121,000
4,000
3,000
3,750
9,500
48,000
48,000
55,000
60,5CO
1877.
1878.
Stock at London
Total Great Britain stock
Stock at Havre
Stock St Marseilles
Stock at Barcelona
7,003
13.000
17,000
11,750
33,500
44,030
3-3,030
41,850
21,500
39,-250
89,OD0
51,000
9,850
10,600
10,750
15,5C0
3,600
4,00a
13,000
5,500
6,150
8,750
7,750
16,000
275,500
331,250
3S8,35C
328,000
636,600
Total European stocks
54,000
India cotton afloat for Europe ....
American cotton afloat for Europe '26,000
BgyPt. Brazil, *c.,afloatforK'rope 28,000
1,0-21,500
1,143,250
1,193,750
61,,500
134,000
150.000
630,000
618,000
417,000
77,000
60,000
53.000
f 55,381
896,315
858,180
860,6£5
144,963
28,517
129,009
147,341
23,000
21,000
12,000
13,000
Stock at HambnrK
Stock at Bremen
;
Amsterdam
Stock at Rotterdam
Stock at Ant-werp
Stock at other continental ports.
Total continental porta
12
JaE.12. Jan, 14. Jan.l'). Jan.l6. Jan. 17
Clood Ordinary
Strict Good Ordinary.
Firm.
only
Stock at
9X
10
10><
\\%
12H
Tb.
Jan. 17, Jan. 18.
"917
9X
lOX
y.%
tViK
,ran.l8.
OX
lis
IIM
12X
UX
WX
lOH
11
nx
9X
9X
9<A
X
X
Frl.
11-91
11-63
11-43
11-20
WX
UX
UK
Steady.
StocKat LtTerpool
10
1014
lOX
lOX
10
lOX
lOX
',0X
lOX
10 i<
lOX
lOX
lOX
lOX
10 18-16 ID 13-16 IC 13-16 10 13-16 11 15-16 11 15-16 11 15-16 11 15-16
3-16 11 3-16 111 3-16
11 1-16 11 1-16 11 1-16 11 1-16
11 3-16 11
114,:
llji
IIX
IIH
11
li;^
liX
.IX
iiV
12
llX
12
12
IIK
UJ,
12
•:i%
1!«
t2H
12
12 X
12X
12X
•.2«
1!%
13
12«
13
13
IS
Jan,n. Jan. 18, Jan, 17 Jan, 18, Jan. 17,
Strict
i%
9X
10
10
11-91
as made up by cable and
telegraph, is as follows. Tlie continental stocks are the figures
of last Saturday, but the totals for Great Britain and the afloat
for the Continent are this week's returns, and consequently
broughtdown to Thursday evening; hence, to make the totals the
complete figures for to-night (Jan, 18). we add -he item of exports
from the Onited States, including in it the exports of Friday
Jan. 15. Jan. 16.
16,
9X
'H
Ord'ry. lOX
Middling
Good Middling
Strict
9X
9X
9X
Middling
Strict
9«
ft.
r,-9i
11-91
The Visible Supply of Cotton,
UX
UX
11
12
102 X
Btxcbange
15-16
3-16
11
11-91
12-10
11-33
Firm.
OX
11
11-40
11-95
12'tl
11-94
12-ia
ClosedGold
.OK
1-16
5-16
.1
•'IX
n%
2X
9M
W
1210
Jan.l2. Jan. 14.
Jan.l2. Jau,14. Jan,12, Jai.l4. J»n.I2. Ian,14,
Ordinary
f>
Strict Ordinary
&ood Ordinary
1
12-04
August
Sept mber
October
Tranaf. orders.
TEXAS.
ORLEANS.]
N.
jBly
S
Frl.
Jan.le.
9X~
9X
lOX
ICH
Stock In United Slates ports
Stock in U. S. Interior ports
Qnited States exports to-day
2,951,439
2,839,7£6
2,8-26,362
Total visible supply.. ..baleB.2,517,749
totals ot American and other descriptions are ae followf
SALES.
Of the above, the
SALES OF SPOT A?fD TBANSIT.
Spot Market
Closed.
Saturday
Monday
.
.
Wesk.unch'gQuo.
Con;
sump.
7C0
,
Dull, easier
Total
Spec- Tranulat'n
sit.
212
3l0
939
212
S!0
6'J8
Jll
8)4
630
2,028
1.953
'766
-•••
For forward delivery, the sales (Including
have reached during the week 278,300 bales
the basis of middliag), and the following
is
American—
rcrrrRKs.
Total.
•236
Steady, lower...
.
Tuesday .. t>ulet,unc;h'^ quo.
Wednesday Qulot.unch'gtiuo.
Thursday
Dull, nnch'g QUO.
Friday
Export.
Sales.
DcllTeriei.
63.200
400
aoo
47,5110
211
1.039
1,233
81.500
42.900
30.600
56,600
1,000
700
3,981
178.300
3.700
900
40C
free on board)
middling or on
a statement of the
(all
ales and prices
For Jannary.
ba'es.
100
bales.
1117
day (12ih) ,,11-29
800 s,n. n>h. 11-29
a3d
U-iO
1.100
1(10....
11-20
11-21
t!-21
SOD
U-22
1,700
11-23
2.410
1.400
H-S(
110, 11"
11-25
n >ilce
t<
-
day (Uih).., 11-21
11-26
11-27
100s,n, t5lta.ll-29
1,500
If28
1,100
1,200
t©.
1(0,
800
II-IH
11-20
110 S.B
200 no notice Ull
lOOs.r
cts
no notice
ci*.
iOO
llOa.n,
503
bales.
3,100
3,000
2,500
11-29
letli, 11-31
61<J
200
etc.
11-2
bales.
CH.
7011
.
11-41
ll-'!2
110
.
11-43
11-S3
11-25
11-, 6
1.9 0..
2.600.
100,,
8,600
1,1(00
11-2-1
8,500
11-29
11-31
9,201)
i;-,30
..,U-i'2
7,900
U-31
400
no notic ; tc1«y(12tt.).. 11-83
11-33
70O
2,W0
11-3!
4,300,.
2.300
1,700
5,000
8.50O
2.400
11-,<S
61-10
11-31
11-35
l;-3i
11-37
li-SB
11-89
11-40
3,2110
70,1
100
11-14
11-35
20,400 total Jan.
For February.
500
U-M
S.iiOO
2,200
500
1 1
-iA
U-27
ll-3'l
201 no notice to*
mor'w ,16tli),irJi
1,800
2,730
301.
11-4I
6),30O total
Feb.
For March.
600
100
11-34
11-35
;i-S6
11-3;
u-.w
.
100..
3,700,
9,500..
10.300..
,...
11-39
U-ll
11-42
11-43
21,000
375,000
121,000
417.C00
860,695
147,341
13,000
2,300,802
8,147,189
1,037,036
2,-4,000
41,-250
311,000
62,000
210,250
134,000
€0,000
881,000
395,000
832,000
bales,8,l 97,219
1
Ui.ited States stock
United States Interior stocks
United SUteseiporteto-day
ToUl American
342,000
183,000
618,000
858,180
129,009
12,000
283,000
215,000
72S,0
855,281
144,9«8
23,000
Uverpool stock
OontinenUl stocks
American afloat to Europe
Batl Indian, Braill, dbc—
Liverpool stock
Londbn stock
Continental stocks
India afloat for Europe
Kgypt, Braall, Acafloat
Total Bast India, *c
Total American,.
1.59,000
19,00
60.5(10
54,000
88,000
,380,500
2,197.249
Totalvlsiblesupply,.. .bales. 2,6;7,749
6%d.
PricoMid. Uplands, Liverpool...
6-30,000
890,315
1-26,647
99,550
54,500
77.000
12a760
.
198,000
150,000
53,009
2^J^
807,230
902,750
2^7^
1,937,0 16
8.836,tKi2
2.951,439
6>id.
2,839,780
626,iX)5
6 13-16d.
7Xd.
These figures indicate a decrease in the cotton in sight to-night
date of 1877, a
of 309,113 bales as compared with the same
correspondin)detrease of 435,690 bales as compared with the
compared
of 1870, and a decrease of 323.037 bales as
date
with 1875.
At THE Interior Pouts
the
movement
—that
is
the reneipts
the
and shipments for the week, and stock to-night, and for
corresponding week of 1877— is get out in detail in the following
•tatement:
1
.
Jaxuart
THE CHKONICLE
10, 1878.]
Week
en dine J»n.
18, 1878.
|
Week ending Jan.
19, 1BT7'
Rw»lpU. Shlpmenta. Stock. RscelpU. Shlpmenta. Stock
Annata, Qa
6,140
4,96^
Colnmbaa, Qa
Macon, Oa
MontKomery, Ala
B«lma, Ala
Memphia, 1'enn
NaahvUle, Tenn...
i.-m
2,0.11
17.638
1,688
S,2i7
2,980
11.788
2,017
3,104
8,118
2,901
111,113
Total, old porta.
38,643
,
Dallaa.
Texas
Jeflforfon,
3,422
7,842
i.e4<
Qa
591
2,202
1,64?
1,389
8,690
5,183
Griffln,
Rome, Qa
Charlotte, N.C
St. Louta, Ho
Olncinnati, O
Total,
new
29,165
144,968
13,734
24,138
1J0,547
443
3,074
300
3,730
6,699
9,217
574
2,<i50
porta
all
859
977
2,155
3,656
1,214
1,«69
1.266
8,29a
5.221
9,125
7,606
6,639
6,600
2.039
12,43)
4,212
1,893
31,517
4,295
31-,(M3
32,4'J3
59,086
61,597
650
AtlanU. Qa
Total,
1,066
12,827
831
74,40il
1,237
17,4:8
10,908
50,758
5,358
12,8.19
663
368
725
233
4,528
2,146
12,0^9
4,557
2,217
1,332
1,092
1,144
6,989
1,433
352
450
Tcx.(«0.
Shreveport, La
Vicli9borg,Ml88....
Colnmbu:, Mlas.. ..
Bufanla, Ala. {etc )..
23,716
1,631
l.US
935
10,6:19
10,8.V)
7,229
5,9Ma
5,878
32!
516
8.8f>li
1,482
4,133
1,551
9,U!M
773
3,8.V)
4,7ili)
5.li77
2,S2S
136
1,588
79S
606
1,160
5,413
^939
1,194
8,461
3,8£0
5,14;
1,353
691
33,658
12,917
92,412
24,492
25,213
87,510
M7,330
43,026
49,351
214,057
1.19.-)
The above totals show that the old interior etocbs have
iesreaied during the week i>2i bales, and are to-night 18,421
The receipts at the
bales mora than at the same period last year.
same towns have been 9,909 bales more than the same week last
year.
Weather Reports by Telegraph. — The
weather the past
week has been quite pleasant for this time o( the year. There
has been some rain in most places, but generally not very much.
In Texas, however, enough rain falls each week to keep the
roads in wretched condition.
GiUveston, Texas. We have had showers on two days this
week. The country roads continue bad. Average thermometer
The rainfall during the week has
53, highest C4 and lowest 41.
been fifty four hundredths of an inch.
It has rained on one day and the rest of the
Indianola, Texat.
week has been mainly cloudy. Average thermometer 54, highWe have had a rainfall of sixty hunest 6) and lowest 43.
dredths of an inch.
It has rained hard one day and we have had
Corsieana, Texas.
killing (rosts on four nights. The thermometer has ranged from
28 to 64, averaging 46. The rainfall is one inch.
There has been hard rain here on one day of
Dallas, Texas.
this week.
Roads are bad and work and Uie movement reSmall grains promising. The thermometer has averstricted.
aged 45, the highest being 61 and the lowest 30. The rainfall
has been one inch.
Brenham, Texas. We have had a drizzling rain on two days,
and the balance of the week has been mostly cloudy. Roads are
wretched. Average thermometer 51, highest 64 and lowest 39.
The rainfall has reached bixty-five huudredths of an inch.
Neu) Orleans, Louisiana. There has been no rainfall here this
week. The thermometer has averaged 43.
The earlier part of the week has been
Shreveport, Louisiana.
cloudy, and it rained hard oa Saturday, but the latter part has
been clear and pleasant. The thermometer has ranged from 34
The rainfall i» one inch and fifteen hunto 62, averaging 48.
—
—
—
—
—
—
—
—
—
Madison, Florida. Telegram not received.
M'leon, C/eor^ia— Telegram not received.
Atlanta, Georgia. It has rained steadily one day this week,
the rainfall reaching sixty-nine hundredths of an inch. The
thermometer has averaged 43, the extremes touching 30 and 50.
Oolumlms, Georgia. There has been rain on on« day, the rainfall reaching thirty hundredths of an Inch.
The thermometer
has averaged 42.
Savannah, Georgia. We have had rain on one day, but the
balance of the week has been pleasant.
Average thermometer
The rainfall has been nine hun51, hi$;hest 68 and lowest 35.
dredths of an inch.
Atlanta, Georgia. During the earlier part of the week we had
a light rain on one day, but the latter portion has been clear and
pleasant.
At some points in this section picking still continues,
and planters are sending their crop to market freely. Average
—
—
—
thermometer 46, highest 64 and lowest
thirty-one hundredths of an inch.
Charleston, South Carolina.
—
-The
81.
rainfall
ii
has been showery one day, the
It
The thermometer
rainfall reaching five hundredths of an inch.
has ranged from 39 to 64, averaging 50.
The following statement we have
also received by telegraph,
of the rivers at the points named at 8 o'clock
give last year's figures (Jaa. 18, 1877) for com-
showing the height
We
Jan. 17.
parison:
.-Jan.
Feet.
6
New Orleans.. Below hlf;h- water mark
Memphia
Abovelow-water mark........
^Jan.
17. '78.-,
10
4
4
13
:8,
Feet.
IS
7
36
Inch.
77
,
Ini-h.
3
II
mark
14
7
mark
25
9
8
Vicksburg
89
8
Above low-water mark
6
8
New Orleans reported below high-water mark of 18'/1 until
Sept. 9, 1874, when the zero of gauge was changed to high-water
Nashville
Above low- wator
Shreveport. ...Abovelow-water
of April 15 and 16, 1874, which is 6-lOtLs of a foot
1871, or 16 foet above low- water mark at that point.
mark
Book on Cotton. — We would
OxjR
call
above
the attention of our
readers to an advertisement of this Ijook, which will be found
on the
last
page of to-day's Ciirosicle.
—
Comparative Pout Receipts and Daily Crop Movement.
A comparison of the port movement by weeks is not accurate,
do not end on the same day of the
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 the week ending to-night.
as the
weeks
in different years
We
month.
POBT BBCIIPT9 TROX lATDBDAY, JAN. U,
New
Days of
week.
Orleans
'18,
TO FBIDAY, JAU.
Wll-
Gal-
Mo-
Char- Savan-
bile.
leston
nah.
18, '78.
ves-
Nor-
mmg-
All
ton.
folk.
ton.
others
Total.
Saturday
13,866
3,110
1,341
2,2-23
870
3,737
1C8
1,846
27,093
Monday
13,77J
2,499
1,788
2,943
2,502
2,185
49S
2,492
33,738
3,358
4,698
9o;
2,360
782
1,709
3t8
3,456
16,553
10,532
1,743
3,16i
3,367
3,036
3,265
833
1,922
26,386
Thursday..
8,932
3,13-i
1,662
2,635
2,316
2,014
244
996
31,971
Friday
8,130
4,-54!
1,576
3,439
729
1,829
4ft3
7,6(3
27,9S6
63,620
19,42;
9,414
16,984
10,213
14,739
1,E83
17,385
163,727
Tuesday
...
Wednesday..
Total...
The movement since Sept, 1 in each of the years named
shown in thn subjoined tabulation
is
:
dredths.
— The thermometer
has ranged from 62
had raiu on one day, with a rainToUl to Dec. 31
fall of fifty-nine hundredths of an inch.
Receipts Jan. 1
Columbus, Mississippi The rainfall during the week has been UoceiptsJau. 2
eighty-one hundredths of an iach.
Receipts Jan. 3
The weather during the week ha^ KeceiptaJau. 4
Little Rock, Arkansas
been fair and cool until to-day. . It is now getting warmer and Receipts Jan. 5
Receipts Jan. 6
threatens rain. Average thermometer 43, highest 74 and lowest Receipts Jan. 7
Roads are still very bad.
18.
Receipts Jan. £
We have had rain on three days, the Receipts Jan. S
I/athville, Tennessee.
rainfall reaching twenty-nine hundredths of an inch.
The ther- Receipts Jan. 10
Receipts Jan. 11
averaged
has
the
highest
mometer
34,
being 44 and the lowest Receipts Jan. 12
week
closes,
there
has
As
the
been_a
24.
favorable change in the Receipts
Jan. 13
Vieksburg, Mississippi.
We have
to 35, averaging 47.
—
—
—
weather.
Umphis,
71
Tennessee.
— We
have had rain on two days during
1877-78.
1876-77.
1873-76.
1874-75.
WIS -74
1,833,349
2,339,636
3,601,289
3,340,686
2,106,675
18,351
18,528
16,371
86,517
20,878
30,-235
18,245
S.
14,389
31,240
1872-73.
1
I
,633,878
li,«28
15,929
I
31,631
18,957
15,884
32,192
S.
35,033
31,^91
12,671
3S,»42
84,391
8.
20,055
12,891
33,840
10,043
40,990
S.
S.
13,318
16,-; 90
9,:u
19,703
21,188
31,768
S.
24,787
7,568
19,911
33,11<
24,319
87.877
31,84:
13,845
11,478
33,961
17,404
14,733
8.
13.640
23,417
18,0:<
19,321
14,174
36,925
S.
15,304
26,877
29,232
15,706
82,478
20,161
8.
14,495
27.098
19,317
31,893
15,122
39,225
8.
8.
19,037
23,515
10,044
25,946
27,874
I
18,760
'
Receipts Jan. 14
33,738
S.
23,147
17,361
36,007
32,732
Receipts Jan. IS
16,553
34.043
19,512
18,978
2S,314
31,518
the week, the rainfall reaching one inch and twenty-two hun32,0.>1
21,977
8.906
.S.
Receipts Jan. 16
26,:j86
23,366
dredths, but the rest of the week has been pleasant. About two85,171
S.
M,n8
Receipts Jan. 1'
81,971
14,;05
82,468
thirds of the crop in this section has been marketed. Average
18.328
S.
18,178
32,523
13,599
Receipts Jan. 18
37,986
thermometer 41, highest 54 and lowest 29.
Mobile, Alabama.
It has rained severely on one day the earlier
Total Jan. IS. 3,791,196 2,876,780 3,714,611 2.333,585 3,234,633 2,013,294
part of the week, but the remaining six days have been pleasant.
"»'iT"
66-79
64-77
71-24
The thermometer has ranged from 35 to 60, averaging 47. The Peret. of total port receipts
rainfall is eighty Imndredths of an inch.
This statement shows that the receipts since Sept. 1 up to
Montgomery, Alabama. It has rained here on two days of the
week, the rainfall reaching thirteun hundredths of an inch. The tonight are still 82,284 bales less than they were to the same
rest of the week has been pleasant but cold, with ice.
Average day of the month in 1877, and 70,885 bales more than they
thermometer 45, highest 58 and lowest 30.
add to the last
In 1876.
Selma, Alabama. Rain has fallen on one day this week, and were to the same day of the month
Tve have had killing frosts on five nights.
The weather ia now table the percentages of total port receipt* which had been
fine.
MceiTed January 18 ia eacU oX the years named.
—
—
—
We
.
:
,
:
:
THE CHRONIOLR
72
[VtoL.
XXVI.
BouBAY Shipments. — According to ourcable
To Bremen, per brig Heinrich, 664
degpatch received
To Amsterdam, per brig Guertina, 792
have been 2,000 bales shipped from Bombay to Great Charleston —To Liverpool per thip Eliza
A. Kenny, 3^91 Upland and
Britain the past week, and 10,000 bales to the Continent whilt
298 Sea Island.... per bark Abram Young, 2,319 IJpland and 111
Sea Island
the receipts at Bombay during this week have been 19,000 bales.
To Havre, per bark Neilie T. Guest, .3.000 Upland
The movement since the Ist of January is as follows. These are
To Bremen, per bark Borghild, 2,450 Upland
To Barcelona, per bark Joven Enrique. 720 Upland
the figures of W. Kicol & Co., of Bombay, and are brought
Savannah— To Liverpool, per bark Lady Duffurin, 3,438 Upland
down to Thursday, Jan. 17:
To Bremen, per phip Savantah. 4,6H7 Upland
Tbxas — To Liverpool per steamer North Tyne (post-cleararce), 8.... per
"Receipts.
/—Shipments since Jan. 1.—,
^Shipm'ts thia week-
864
79a
Vo-day, there
;
—
—
.
Great
Total.
Bi'italn. tinent.
1678...
1877...
1878...
,
8,000
,
7.000
Great
Con-
Britain.
6,000
15,000
19,000
tinent.
Coulo.oao
7,000
3,000
12,000
7,000
10,000
This
week,
Total.
H.COO
1!),000
7,000
17,000
22,000
36,000
barks All, 1,013
bincd
Jan. 1.
937
937
1,380
ship Alex-
ander Gibson, 7,816
11,248
Baltimore— To Liverpool, per steamer Circassian, 689
Boston— To Liverpjol, per steamer Bulgarian, 3,010
Philadelphia—To Liverpool, per steamer Ohio, 4C0
689
3,010
400
Total
—
.....103,536
The particulars of these shipments, arranged
Gunny Bags, Bagging, Etc. Bagging has continued to rule
very quiet, and no sales of any amount are reported. The demand still continues of a small jobbing character and a fair
amount of goods is being worked off in this way. Prices are
ruling about steady, with holders quoting 10i<gl0fc. for standard
quality.
Butts have been in fair demand, and sales of 1,800
bales are reported at 2i(32Jc., cash and time. The market is
ruling steady with a firm feeling, and the above quotations are
generally asked. There has been no demand lor parcels to
arrive that we hear of. At the close a fair demand is to be
noted for jobbing parcels.
in our naual form,
are as follows
Liver-
Cork.
pool.
New York.... 7,948
New Orleano. 32,764
'.'.'.'.
3,780
Charleston... 6,039
Savannah.... 3,433
Texas
Wilmingtm..
Norfolk
Boston
Baltimore...
decrease, as compared with last week,
Below we give our usual
bales, against 11,760 bales last week.
table showing the exports of cotton from New York, and their
last
each
of
the
four
weeks;
also the total exports
direction, for
and direction since Sept. 1, 1877; and in the last column the total
for the same period of the prfevious year:
Amster- Barcedam.
lona.
Total.
696
8,888
5.7?1
3,000
8,572
46,895
11,807
868
5,755
864
798
2,450
4,897
....
720
13,209
8,139
1,W0
1,823
1,700
11.218
937
1,380
3,957
11.248
3,010
....
.3,010
6S9
Philadolp'a..
this week show a
the total reaching 8,572
Havre. Roaen. Bremen
630
Mobile
New York
from
1,280
1,700
brig Magdala,
T« Amsterdam, per bark August Teitge, 1,320
NoBPOLK— To Liverpool per steamer Aurora, 3,402. ...per
From the foregoing it would appear that, compared with last
year, there has been an increase of 5,000 bales in tbe week's shipments from Bombay to Europe, and that the total movement
rince January 1 shows a decrease in shipments of 3,000 bales,
oompared witn the corresponding period of 1877.
The Exports of Cotton
.Minnie Carvill (post-ciearance), 175
Wilmington — To Liverpool, per bark Louise Poll, 1,7C0
To Cork, Queenstown or Falmonth, for orders, per
57,000
53,000
4S,000
26.000
25,0f0
16,000
6,039
8,008
2,450
780
3,4SJ
4,697
689
400
40O
Total .... -rj.aU
937
17,599
696
14,396
2.1 13
1
,582
109.53(J
ship Alexander Gibson, from Norfolk for Liverpool*
^^ The cirgo of thebeing
49,034
more than cargo
ship Baring
weighed
3,712,8'i3 lbs.,
of
Bros..
cleared last week. Our correspondent states that this is the largest amount
of cotton ever cleared in one vessel from the United States. She was loaded
by Col. James L. Harway, President of the Virginia Compress Company.
Below we give
xports of Gottan( bale*) from Neiv YorH since Sent. 1. I87T
lbs.
newa received to date of disasters
from United States ports, &c.
all
8elB carry iQ^ cotton
to ves-
etr. (Br.), Gray, from New Orleans via. Norfolk for Liverpool, with
1.536 bales cotton, 52,817 bushels and H08 sacks grain, put into Bermuda,
Jan. 8, with cargo shifted* coal damaged by saltwater through the
bunkers. hatche« carried away and vesijel badly listed. She was at the.
dockyard on the 9ih, where aae would discbarge a portion of her cotton
and restow cargo.
Rio Grande, atr., from Galveston, Jan. 5, for New York, arrived below New
Orleans P. M. of 11th. in distress, having experienced heavy weather, in
which ske lost three blades of her propoiler. Three new blades have
bf-en forwarded from New York, to replace those lo^t,
Drumadoon bark (Br.), Stewart, at Liverpool, Dec. 30th, from Savannah,
grounded on Askew Spit night of Dec. 29, but wat got off without any
apparent damage. She afterward struck the :>ier head on the evening
of the 30th while docklug, and sustained considerable damage.
John Geddie, bark (Br.), for Havre which put back to Savannah, leaky, has
discharged, and about 10 bales of her cargo of cotton were found damaged by water. The sound poriion of her cargo it was expected would
have to be recompresscd for stowacre. The J. G. has been badly
strained and will have to be repaired with additional keelson and water
ways. She is to go on the Dry Dock Jan. 17.
AzBA. brig (Nor.). Uauger, "at Liverpool, Dec 28, from'Wilmington, N. C, was
in collision in the river Mersey on the 2tiih with the steamer Wicliffe,
for Bavana (at a chor), and both sustained some damaee.
C. C CoLsoN, brig. Packara. from Mobile, Dec. 7, for Amsterdam, put into St.
Thomas prior to Jan. U, leaky.
Florida, schr., from i unta Rosa for Key West, with cotton and hogs, has
been wrecked on the Florida coast
WiLaiNGTON. N C. Jan, 11.— A flat loaded with 200 bbls. turpentine and 24
bales of cotton wa;* swamped in* the midole of the river during the
Eevere storm of wind and rain abont 6 o'clock yesterday raornlnff. The
ateamer William Nyce went down yesterday and picked up the cotton
and the bulk of the turpentine, the most of which had drifted ashore on
the beach. The cotton was apparently noinjured, having remained but
a short time in the water, and the turpentme suffered very lit'le damage, if any.
No date, in iat 3S 40 N., Ion. .50 13 W., about 100 bales of cotton and wrecked
timber were passed which looked as if they hid been on fire.
FiTZROY,
WSSS ZHDIHS
Same
Dec.
Jan.
Jan.
Jan.
S6.
2.
9.
16.
Total
to
period
prev'Cf
date.
year.
UTCrpool
Other British Ports
19,6SJ
6,877
10,681
7,943
141.215
1,585
1^4 f03
Total to Gt. Britain
10,685
6,J77
10,684
7,943
145.800
lJl,U6
3,ro115
4,9;3
7S2
74
Other French porta
798
74
Bremen and Hanover
1,335
Other ports
650
203
50
Total to N. Europe.
903
1,335
£90
630
638
290
7,1
8,122
4,97)
11,7;8
2,219
8.253
9,048
82,250
18,665
8,031
l,68l)
pain,OportoAQibraltar&c
AUothers
"s66
Total Spain, &c
soo
....
Grand Total
i;j
ll.MJ
7.618
11,7f6
171.172
8.572
208,984
The following are the receipts of cotton at New York, Boston,
Philadelohiaand Baltimore for the past week, and since Sept. 1,'77:
PBII.ADBIf'U
BALTUOBS.
This Since This Since
week. Scptl. week. Sept.1.
This Since
week. Sept.:
BICI TS TROX
Since
Thia
week.
New
Orleans..
Texas
,
Savannah ....
Sept.
89,912
39,546
108,114
6,119
l,6f.0
.
1.
3,487
HobUe
Florida
B'th Carolina
(Tth Carolina
Virginia
North'm Ports
Tennessee, Ac
Foreign..
1,5-14
4,108
1,222
2Ji37
2I.:0i
709
1,888
14,944
2,405
40,252
383
10.018
13.630
27,743
79.769
82.711
116,897
9,S59
60,239
2,493
U9
6,1(K
629
2,511
83,738
51,453
53,905
4,888
8,667
9il
1,416
1,909
14.631
3,600
26.264
62:, Ml
13,127
8,640
30,800
Total last year.
25,2f.O
630,4s5
14,622
2.1'89
33,S8i
5,ll'5
4581
95,142
74^
—
Britannic, 1,376
Romndal, 2,105
To Bremen,
per
Jackson.
strs.
.
.
export
Amount
\
;.of
afloat
The following
table will
Satnr.
SifCt.
@6«
Hid. Upl'ds
Mid. Orl'nB
ai
a-I6
696
Nurnherg, 2,250
."...'
To Barcelona, per brig Maria. 868
Mobil*— To Liverpool, per ship Friga,3,78Q
To Havre, per ship Missou i, ?,9d«....per
r....
:
bai
k Columbia,
2,809
1,000
1.000
85,000
411.000
237.000
80,000
57,000
.1,000
5.000
385,000
21»,000
37.000
28,000
6,000
277,000
257,000
257,000
260.000
83.1,000
74,000
62,000
8,000
415,000
386,000
3-,8,000
33J,000
..©'i »-18 ..©(> !»-16
the
week
:.
Frt.
..mn
..©6 0-16. .©6 0-18
Futum.
sales are
on the basis of nplands.
Low Middling
claase, nnlese other
-
Satijbdat.
Jan. delivery, 6
754
8\;
16d.
Ft'b.-Mar. delivery. 6 5-lfid.
Mar.-.\pril delivery, fi l!-33d.
Apr.-May dtlivery, 6?(d.
.5
'
Jan. delivery, 6 9-3M.
Peb.-Mar. delivery, 6 ft-fSd.
5,75.,
Apr.-May. delivery, 6 O-lld.
P 780
5i7?l
I
I
Dec. shipment, newcrop,sail, 6 Il-3Jd.
Jan. -Feb. shipment, new crop, sail.
6>,-d.
I
HOKDAT.
^<)6
gf,.j
|.
62,000
7,000
42,000
3,0CO
2.O0O
392,000
6,000
3.1100
400
.»8 9-16
Jan. 13.
41,flC0
show the dally closing prices of cotton for
Wednea. Thnrs.
Mon.
Ta«8.
..asji
.M^%
..my,
@8ji
79(.j
'630
per ship Marmreta.
.
!1.
60,000
8,000
386,000
214.000
,,,
which American
Jan.
4.
44,000
9,000
80,000
74,0»
g go j
3,3:)5
To Bonen, per bark Elio',
To itreraen, per steamer
S,-05
w&^
.
wiee stated.
.
Wm.
of which American
Total import ofrthe
of which American
These
per steamers China, 1,562 ...Nevada. 1,670
per ships Charles E. Marshall, 1,229. ..
America. 297 . Neckar, :M3
Liverpo**!, per steamers Memphis, 5,K51... Gnlllermo, 4,1 50. . . Abdif 1, 1,400 ... Jamaican. .%500 . .City of Bristol,
5,763 ...Fire Queen, :J.401 .. Juana, 2,!30
South Tyne, 1,360
per ship Baden, 4,796
To Havre, per ships Lcre!ey, 8,000
Scioto, 3,6.33.... per bark
New Oblsans—To
stock
Jan.
28.
iO.OOO
4.000
11,000
2,000
bales.
Forwarded
Sales American
of which exporters took
of which speculators took
Actn^il
8HIPPINQ News. The exports of cotton from the United
States the past week, as per latest mail returns, have reached
So far as the Southern ports are concerned, these
109,530 bales.
are the same exports reported by telegraph, and published in
The Chronicle last Friday. With regard to New York, we
Include the manifests of all vessels cleared up to Wednesday
night of this week.
Total bales.
...
Dec.
Saiesof the week....
Tot;il
Total this yeai
Miw YonK—To Liverpool,
—
follows
S',521
8.637
2,920
3,799
—
Liverpool, January 18—5:00 P.M. Bv Cablb vaeM LtybhEstimated sales of the day were 10,000 bales, of which
1.000 bales were for export and speculation.
Of to-day's sale»
The weekly movement is given ai
7,750 bales were American.
POOL.
1,524
CO. Bhipm.'nt.newerop.pail, 6 5-16d.
Feb.-Mar.ehipm't, newcrop, sail, 6'gd.
I
May-June
delivery, 6 l!-3'2d.
Jnne-Jnly
Tuly-Aug.
Mar.-Apr.
Mar.-Apr.
delivery, 6 13-.32d.
delivery, 6 7-16d.
delivery. 6 9-12d.
shipment, new crop,
flail,
6 7-18d.
Dec. sbipm'ts.ncw crop,
sail, 6 D-SSd.
—
:
:
THE CHRONICLR
jANTJAnT 19.187a]
Mar.-
delivery. 6 9-S2d.
!>-16(%tl-a2d.
May-,Inne delivery, 8 ll-31d.
Dec.-,)an. Bhipmeuts. new crop, euil,
6 51i>d.
Apr.-May Jdhlpraent, now crop, eall,
M»r.-A|)r. delivery, Slfd.
delivery, 6 9 /Hd.
May-'lune delivery, 6 5-ltid.
shipment,
Dec.
new crop, sail, 6 9-33d.
Jan. de'lvery, 6 »-«d.
delivery,
Feb.-Mar.
8Kd.
6
7-16(1.
WZDMKSDAT.
Decampment, new crop, saL', 6 9-31!d.
Jan. delivery. 6J<09-S'dFeb.-Mar. delivery, li)0'.t-3Jd.
Mar.-Apr. delivery, 6 9-')2d.
Apr.-May delivery, 8 5-lBd.
Jnno-July
* pr.
Apr.-May delivery, «
Apr.-May
The movement
(
Feb.-Mar. shipment, ne«r crop,
iows
Ball,
(1
For the
8.'),506
Flonr, bbls.
8,110
C. meal, •' .
Wheat, bus. 893,680
delivery, 6J<d.
delivery, 6 .VlBd,
Jnly-Au2. delivery, 6 T-16d.
May-June
Feb.-Mar. shipment,
Corn,
Rye,
Apr-May
delivery, 6 13-.VJd.
Jan. delivery, 6 5-lti@9-3ad.
Apr.'May delivery, B 11-3'id.
new
crop,
eaU,
d ll-32d.
Dec.-ehipmentB, new crop, eall, 6 5-16d.
Jan. delivery, 8 9-3J@!4d.
Jan.-Feb. delivery, 8 Sl-3ad.
Feb.-Mar. delivery, 6 9-32d.
Mnr.-Apr. delivery. 6 9-3ad.
I
I
I
I
I
Apr.-May delivery, 6 ll-32(a5-16d.
May-June delivery, 6 ll-32d.
Jane-.Iuly delivery, 8Jid.
Jan -Feb. eblpm't, new
—
d.
—&H
Monday. — aj<
Tuesday. —<&ii
Wed'day. —@J<
Batnrday.
.
Thur'dy.. —Ht'i
Friday...
<a!<
—
d.
c.
V comp
11-13 cp.
11-16 cp.
11-18 cp.
14
ji
—
comp
comp
a comp
a comp
i comp
eall,
H
)i&H H
H&fi a
Vtt^H
xax X
xax H
11-lScp.
11-18 cp.
11-18 cp.
>»aK
"
ICO.^IS
6,191
201,267
77,139
.
"
.
Barley. "
.
Oats..."
.
State, 2-rowed
State, 4-rowed
Barley
I
78;
Malt—SUta
X
Steam.
mw TOBK
,
cp.
cp.
cp.
cp.
cp
cp.
- ji%
— %
-
Milwaukee
time
1877.
97,137
5.661
1878.
,
For the
week.
47,151
4.h77
S73.5H
.371,213
15,04")
S'f.ue
103.519
S26,597
149,058
8,1?8
25,768
334.138
116,010
J<
J4
Ji
bbls.
(196 lbs.;
33,215
40,811
910
4,691
1,987
16,863
2,110
Cioveland
St.LouiB
Peoria
—
—
—
—
—
—
comp.
comp.
comp.
comp.
comp.
comp.
Duluth
6,(,2I
Total
IKS.
18,
316,378
803,857
8H,119
13.1,183
3,400
65,392
5,600
bnsta.
(56 lbs.)
2.J2,H3
23.6C0
181,635
6,491
27,800
.
,
1877.
For the
Since
Jan. 1.
week.
33,U2
91,19.)
8,406
a,037
1,451,02* 271,590
469,179 3(7,965
86.019
80,116
8,031
7,912
3,159
fol-
.
?lnce
Jan. 1.
45,713
3,87J
516,136
410,260
7,ti84
8,061
8, 159
and the move-
87,51?
14,9X)
40,991
11,574
9,800
bash.
bnsh.
(48 lbs.) (S81bB.>
48.553
17.814
34,569
5,000
130
6,065
500
357
450
16,800
....
7,650
5,600
239,143
110,277
237,037
138,416
115,980
97,480
148,812
116,644
44,771
89,865
7S.767
18.0;6
3?9,420
£05,683
645,717
817,554
21.3,440
2,510.473
2,817,670
258,854
373,574
385,311
74,038
129,456
66,856
74.802
].031,163
1.679,478
363,746
379,559
147.061
161 690
709,520
4:j2,759
140,lii7
57,.'.61
865,517
338,902
1,436,931
•76..
722.441
838,701
463.451
6t7,937
Pot Dec. 31 to Jan.12
Same time 1877
Same time 1876
Same time 1875
191,443
183,315
350,873
338,7 63
1,559,148
1.025,0
2.191,603
3,357,865
1,204,419
Same time
Sametlme
Same time
174.311
289,0:U
319,116
305.133
665,019
617,836
W
bnsh.
(31 lbs.)
319 493
171,700
100,625
30,818
62,177
86,431
Corre8p'ngweet[,'77.
Fbidat. p. M.. Jan.
bush.
(60 lbs.)
....
Previonsweek
BRE ADSTUPFS.
85:
BZPOBTS rBOK BBW TOBK.^—
Same
7i6m
Detroit
c.
c.
1
market has been as
131,900
Toledo
Sail,
f
...
.
Canadian
Peaa-Canada.bond&free
BEORIPT8 AT LAKK AND RIVBR PORTS FOR THE WBRK SNDIXa
JAN. 13, 1878, FROM DECEMBER 31 TO JAN. 12, AND FROM
AUG. 1 TO JAN. 12.
Flour,
Wheat,
Com,
Oats,
Bariey,
Rye.
At—
c.
c.
c.
7 25
5 85
* 10
i 90
3 30
169,620
7,043
1,778,730
Chicago... _-„..—
:
,— HambBrg-,
.
.
Sail.
crop,
6 5-16d.
Bremen.
Havre.-—>
Sail.
Steam. Sail. Steara.
Liverpool.
Steam.
6 85
003
403
502
'AH
153
tables show the Qrain In sight
ment of Breadatuffs to the latest mail dates
CottoD (reighta the past week hare been as follows
,
403
6
B
3
i
3
The following
FbidjlT.
Mar.-Apr. delivery. 6 5-16d.
6
Since
Jan. 1.
week.
Feb.-Mar. delivery, 8 9-3-ld.
Mar.-Apr. delivery, 6 9-S2d.
t 15
1878.
,
delivery, 6Jid.
Feb.-Mar. delivery, 6 5-16®' asd.
Thubsdat.
May-Jnne
Rye
Uats— Mixed
White
Barley—Canada West...
353
in breadstDBs at this
BSOStPTS AT
,
Smd.
May-Juno
Feb.-Mar. delivery, fi 5-lRd.
Mar.-Apr. delivery, 6 5-l(i(ail-SM.
Apr.-M«y delivery, 6 ll-Sa@>id.
Dec-Jan. ahipments, new crop, sail.
6 U-tSd.
Graih.
I
5
:
6 ll-.vJd.
Mar.-Apr. dellv'ry,
delivery, K ll-3-]d.
delivery, 6J<d.
73
FLoun.
OltyahipplDK exlraa
Olty trade and family
brands
Southern bakers' and family brands
Soathern ahi pp'k extras.
tiye Boar, nherflne
Oornmeal— Western, ^c.
Oorsmoal— Br'winc. Ac.
TU««DAT.
J»n. delivery, CJ^d.
Fe'>.-Mar. delivery, SVA'-Ald.
May-June
,
:
.
769,8b3
l,fi63,110
The flour market hag been dull throughout the week, except
3,065,133 45,044.437 36.191,035 13,900.97J 6,7(i»,3.i0 3,100,873
on a single day, and the tendency of prices hag been steadily Tot.&ng. 1 to Jan,I8..1,836,397
Sametlme 1877. ..
30,110,033 41,3',8,03; 11,550,473 6,726,114 1.9iJ6.940
dowBward, some inferior extras having been sold below $5 per Same time 1876
3,.3?4,R11 40 391.601 21,835,6113 11,919,957 4,907,059 1.327,1.39
Sametlme 1875
2,798,813 36,888,ti01 20,877,384 12,535,634 4,520,014
751,514
bbl. Latterly, the medium and better grades have shown the
SHIPMENTS OF FLOUR AND GRAIN FROM WESTERN LAKE AND
most depression, as stocks of these begin to exhibit an uncomBIYBR PORTS FOR THE WEEK ENDED JAN. 13,
The best supported have been good
fortable accumulation.
AND FROM DEC. 31 TO JAN. 13.
West India brands. The depression in other grades is caused by
Flonr,
Wheat,
Corn
Oats,
Barley,
Eye
bble.
bnsh.
bnsh.
bush.
bush.
bnsh.
the slow demand, and the weakening of cnnQdence among hold- Jan, 12, 1878
101.560
..
739,187
276,287
71,876
53,700
55,935
69,147
703.581
157,8.)7
69,489
bO,O07
1,121
ers, produced by the general expectation that the spring will Jan. 5, 1S78
Cor. week '77
79,011
159.449
543.153
134,996
66,958
13,132
witness the restoration of peace in Eastern Earope, and the open- Cot. week '70
92,443
179,614
650.050
114,547
45,7.W
I6.68S
Cor. week '75
6.3,171
110.3(>3
183,513
139,350
48,860
20,505
ing up o£ supplie.s from Southern Russia to Western Europe. Cor.
week '74
113,170
751,515
261.091
205,183
105,537
9,071
the
market
was
mora
steady,
with
30
bid
To-day,
$S
for lines of Tot. Dec. 31 to Jan.12 191,707 1,431,569
429,114
147,365
130,707
57,056
common extra State.
The wheat market
has been equally depressed with that of
flonr, until yesterday No. 2 Milwaukee sold at $1 29, No. 1,
spring at |1 31, No. 1 white at $1 41 and extra white at 'f.l 46
;
and the business
for future delivery
included No. 2 spring,
New
Tork
grade, at $1 2j for February and $1 20 for March, and Nored winter at :^1 34 for March. Supplies at the west continue
quite moderate, but^it
is
expected that they will increase materi-
when country roads improve.
Ocean freights have ruled
comparatively high, and rates of exchange are lower. To-day,
the market was more steady, without, however, any decided
advance or much activity.
There has been an important decline in Indian corn, owing to
a very limited demand, until yesterday No. 3 new mixed sold at 51@
,620., and steamer mixed at 54i@55c., with prime old No. 2 quoted
at 60@61c. in store and afloat, and considerable sales were made
of steamer mixed tor future delivery at 54i@55o. for January and
55@55ic. for February, and No. 8 do. at 51@51ic. for the first
week in February. Supplies are not large anywhere, but the
demand is extremely limited, and the confidence of holders quite
impaired. To day, there was some recovery, with large sales of
steamer mixed on the spot and for early delivery at 54i®55c.
Rye has met with rather more demand at 73c. for No. 2 Western and TCc. for No. 1 State. There is also some revival of
business in barley for export, but at lower and somewhat irregular prices prime six-rowed Slate going at 80c.
Oats have quite broken down under vhe continued dulness of
the demand. Prices are 2(33c. lower from last week. To-day,
the market closed with No. 2 graded quoted at 36ic. for mixed
and 36i@3ejc. for white No. 3 Chicago afloat, 37c.
The following are closing quotaUons
ally
;
;
FU>UB.
So. J
« bbl. |2 75a
<.„„„«„.«....
*^....
Snper&ne
State &
West
ern
4 S03
SztiaSUte, Ac
5 203
Western Spring Wheat
extras
doXXandXXX
5
OBAIM.
I
3 75
4 ao
5 40
10^5
No.aaprlnK....::
No. 1 y,ring
Red Winter
Amber do
50
5 75<l 6 85
do winter X and XX.. 5 si® 6
do Minnesota patents., 6 50(3 9
Wheat— Na3 eprlng.bash
85
00
1
1
...
White
Corn— WcBfn mixed
Jl
1
1
Ma
r.i
83a
sjj
34J
Yellow Western, sld
Boothern, yellow, new.
,
At—
New York
Boston
Portland
Kjntreal
...
PhiiadelphU
Baltimore
New Orleans
7,037
ToUl
Prevlonsweek
(X>r.
week
'77
Dec. 30to Jan. 13...
Same time
Same time
Sametlme
bbls.
88,321
21,037
3.000
8,380
17.130
16,292
1877
1876
1875
25
30
1
3.->
1
=7
i
41
1
613
®
61
...
5iJ3
58
both.
bnsh.
bnsh.
: 91,0 19
17.3.143
70,870
58,000
96.050
2.500
4B,3J3
19,316
1,500
118,750
4,968
28,090
353; ioo
20",.306
14,006
3,000
203,000
4)7,767
3,000
15,781
1,056,.»60
1,365,565
1,448.334
108,232
148,391
i37,139
166,321
11;, 128
80,150
7,188
-,ss«
28,318
8M,676
277,448
lr9,430
171.S22
51.791
4C0
21,100
114,400
31,137
1.115,018
150.025
1,050,5115
341,019
183,0 10
8,171,576
397,783
390,474
504.809
631,511
2,711.839
8,099,525
«,3!5,997
1,833,017
.302,330
bnsh.
bnsh.
4,183
6C0
161,137
179,712
107,123
401,8.31
547,534
515,754
14,771
4\348
30,560
5,828
The Visible Supply of (jIrain, comprising the stocks in
granary at the principal points of accumulation at lake and
seaboard ports, and in transit by rail, Jan. 13, 1878, was as
follows
Wheat,
bnsh.
[n store at
New York
2,169,552
8.S0O
651,030
In store at Albany.
tn store at BttlTalo
[n store at Chicago
Afloat at Chicago
1(1
%...
storeat Milwaukee
In store at Onlath
In store at Toledo
In store at Detroit
bi'store at Oswego*
lustorcatSt. Louis
(n store at Boston
In store at Toronto
In store at Montreal
In store at Philadelphia
In store at Peoria
In store at Indianapolis.
In store at Kansas City
Insloreat Uuitlraoro
Total
Jan. 5, 1878....
Dec, 39, 1877...
Dec. 31, 1877...
Dec. 15, 1377...
Jan. 18, 1877...
* Kstlmated.
512,1.55
256.741
415,821
35,100
484,501
815,503
?80,u00
276.233
74,131
270.313
S%9,8'1
151.052
326,897
6,818
168,415
444,928
739,387
275,060
,
,
Cora,
bush.
1,043,859
13,110
3' 6,153
1,44 >,!8t
6,(51
19,9 19
week
New York
1
46,819
89,445
41,196
BBC8IFTB OF FLOUR AND GRAIN AT SEABOARD PORTS FOR TUB
WEEK ENDED JAN. 13, 1878, AND FROM DEC. 30 TO JAN. 12.
Flonr,
Wnea%
Com,
Oats,
Barley,
Hye,
Rail shipments,
Est. afloat In
1883 147
...
1377
1876
1875
2l3,'4'7d
9,693
850.000
891,956
217,710
3,736
181,431
609,051
28,904
76.081
101,707
1,015,59)
271,«r
103,000
9.2S0,5S9 5,t6.3.730
9,691.793 6,139.182
10,191,111 6,109,796
10.510.117 5,'.>.V2.763
.10.372.369 6,888,>«l
...12,438,077 11,350,989
Oat^
bufh.
1,600.1.32
107,500
86,599
148,119
61,987
91,<S)
Barley,
bush.
bush.
935,081
417.700
243,431
630,158
2£6.654
61,103
381,515
75,114
31,7U
167,587
115,621
45.595
14,331
12,648
5,3«2
35,Cfl0
475,000
70.174
1S,OUO
5,»49
3,313
21,707
113,115
12,688
96,638
I84,«85
488
4S,U3
1.394
3.2i3
14,516
*,:55
4,4'r9
37;'f«
77,876
640,000
50,700
9O3,OC0
8,096,317
8,58«,083
3,351.152
3,5.35.866
8,705,473
8,566,661
(.,619
S,4T7
4,433,876 7,«,897
4,467,968 703.870
4,518,000 678.361
4,556.689 160.389
4.865,710 C30.U9
4,981,4381,047,48}
.
,
:
THE CHRONICLE.
74
Exports •>f liCadlng Articles from Neiv fork.
The toUowing table, compiled from Custom House returns,
shows the exports of leading articles from the port of New York
THE DRY G-OOD3 TRADE.
Fridat. p. M., Jan.
18, 1118.
to all the principal foreign countries since Jan.
1878, the
1,
week witnessed a considerable influx of package buy- totals for the last week, and also the totals since Jan. 1,1878
from some of the principal distributing points in the West, and 1877. The last two lines show total values, including the
Tho
ers
[Vol. XXVI.
past
South and Southwest, but business remained quiet in most departPrints were opened by several agents at the low price of
job6c., and fair sales of spring styles were made to Southern
bers but these goods were not apparently in much demand by
buyers from oih$r sections of the country. Cotton goods ruled
steady aside from bleached shirtings, some makes of which,
including " Fruit of the Loom," were reduced to very low prices
without materially increasing their distribution. Woolen goods
for men's wear moved less freely than was anticipated, and foreign
value of
all
other articles besides those mentioned in the table.
ments.
«lg:J„-»..-
-
—
-
.,!,_-,
•^ to
-
-
X
ao<o
t- iO
tDCt i-
-
.50
^00
;
goods were lightly dealt in.
Domestic Cotton Goods. The exports of cotton goads from
this port for the week ending January 15, reached 586 packages,
of which 180 were sent to Brazil, 161 to Hayti, 57 to Great
Britain, 52 to United States of Colombia, 43 to British West
Since the above date a shipment of
Indies, 35 to Venezuela, &c.
2,530 bales of domestics was made to Shanghai. Brown sheetings and drills were in moderate request and steady, but bleached
cottons were dull and irregular, reduced prices having been
made for such makes as "Fruit of the Loom," Davol, MasonDenims, dyed ducks, tickings, and corset
ville. King Philip, &c.
jeans were severally in steady demand for small selections, and
prices ruled firm, owing to the light stocks in first hands. Cotton,
ades were less active than was expected, and cheviots continued
Print cloths were very quiet and prices bad
in light demand.
a drooping tendency. Sales of extra 64x64 cloths were made at
3jc. cash, standards at 3|^c., less 1 per cent cash, and 56x60s at 3f c.
Light prints were placed on the market at Cc. by agents of the
Pacific, American, Dunnell,Hartel,Southbridg6 and other works;
and leading makes of shirting prints are held at Sic; fancy cotton
hosiery was in good demand and sales, combined with deliveries
on account of previous orders, footed up a liberal aggregate.
Domestic Woolen Goods. The clothing trade have not yet
reappeared in the markei as buyers, and transactions in men'swear woolens were consequently light, though fair deliveries of
spring cassimeres and worsted coatings were made by agents in
execution of former orders. Heavy cassimeres at job prices were
inquired for by clothiers and jobbers, but intending buyers were
BO exacting in their demands for concessions from asking quotations that holders were unwilling to meet their views, and few
sales were effected.
Kentueisy jeans were in limited request and
steady in price. Satinets were taken in small lots, but wer.e by
no means active. Flannels met with a fair distribution for the
time of year by means of numerous small sales and orders from
the interior, but blankets ruled very quiet. Tapestry Brussels
and ingrain carpets some makes of which are lower than last
year were in rather better demand by local and interior jobbers.
Worsted dress goods continued dull, and shawls and skirts were
almost neglected.
Foreign Duy Goods.— There was a light hand-to-mouth
demand for a few staple fabrics, but business generally was very
quiet with importers, as is generally the case between seasons.
Hamburg embroideries were, however, in continued demand, and
considerable sales of these goods were made to manufacturers
and the trade. Silks, dress goods and woolens were respectively
in limited request, but prices of staple makes were generally
T* o o o o> ^oajO>r-3"<j"^co«M ^ — g? -S.O a; co 1^ •aa^'n-v c» ?; toeoidr
^Oiiiwoo-w
"*m"
c
30 !-•
(C«0
J3
7— -^ -«
00 i-
-.o
3:
.tctococ-o^
~ -^ >* <-• t- o
^eoTT
°5
•
o
•«
•o«
to
.
.
—*
'^»
•
rfi
CJOO
*n
••
S3
^c^
S^
at'
:8S8
r;
B^
:5?l
:
:
.gS
:
-
no
•
^
•
a> -T
O
00 01
e. 5?
oa -^ '^ cos
•
•
•
&
^
:
.J*
'(Oto'c*
33
o
—
—
CO ec »*"* -r
i^ ^ «
—
—
Sin
'-'
S
:SS
s r
:
•00>-"
:
5
•-«
:g
C:o
S's
•CO
8
S
1.111
=
»o
•
:
:
00 00
•
•
.
.
§11
9r-.W
g
a
•
.S
•
5a
oca
S5:
steady.
Importatloiio or Dry Roodx.
The importations of dry goods at this port (or the week ending
Jan. 17, 1878, and for the corresponding weeks of 1877
and
1876, have been as follows
BfTIBCD »0B OOHSnifPTION FOR IH»
187ti
.
PkSB. Valae.
„ .
HknaractnreB
of wool
,
„.
do
do
do
689
cotton.. l,in
silk
flax
465
1,H6
lllacellansoDi dry goods.
Total.
._
WirmiaAWK
669
i-aoii
WMK
INDI1I6 JAN.
1871
.
PkKB.
f 349 09;
483
316,'(i3J
1,4 ',4
357,993
828,338
158,492
1,S68
4,066 Jl,425,150
6J7
4ti9
,
Value.
t225,718
402,574
40J,339
.
.
silk
Bar
MlBcellaneons dry goods.
Addent'dforconsampt'n
374
664
lOj
$160,283
1,S05
1,841
1!)8.393
l'i.'i,197
111,546
47,9J8
4,079
4,0:6
J653,34n
1,425,45*
Total tlirownnponm'k't. 8,135 $2,108,796
2f0
229
»114,7S4
s
:
154
407
318
161,251
1.388
4.211
258
348
79
sia
881
77,01)4
14.319
>49;,868
l.S: 3,055
5,599 $1,8;0.923
cotton
.
Bilk
flax
Kiac«llaneone dry goods.
447
663
101
630
671
$195,337
150.5S5
104,643
144,483
35,877
193
£95
121
414
678
Total....
2,412
iLddent'dfoTconsninpt'ii 4,05S
Total entered »t the port.
6,468 $2,066,275
l!4«,0fi5
6,f30
1,582
2,948
$1,825,140
f_
.H f5
»«1,131
883,833
liS.rta
73,555
.
;£;
o t^
-co-* 00
•
—W
CO PO CO
•
1-,
5"
:
SlO6,602
to
10^,068
429
*4 11,055
1,016,097
$111,712
118.0T5
7.% 91
S65
121,883
89,196
S*3
Js
:
»155.7r,2
1,016,097
B,87J 11,472,819
* O^^O
I
O O CO
t7»
WO
•CO'"'
„-
23 B 5 o g
•
'^
S oS"<^ 00 o"
pa
a
•
OS'S •g,«J=J=jag
-..OS
•
iiii
I
2,4St
2,948
.-2s
6l),3;8
10i,76R
30,295
124
1,043
•
a
_S
4,530 $1,427,152
t78,7!)6
1,373,0.55
•
oi
$178,714
FBBIOD.
99,7)4
147,282
92,035
31,288
§
•
2,943 $1,016,097
12ft.730
NTBBBD FOB WABBHOnSIKG DCBINa 8AHS
Manufactures of wool
„.
437
657
343
i§
:
:
>
I
Total
do
do
do
1878
451
1,060
:
ISIS.
Pkes, Value.
101, la?
4,811 >1, 373,055
17,
.
»
g2
waekhoosb asd throvto ihto thr nABKRi UOKINa
TUB
SAMR FCBIOD.
Mannfactttres of wool
do
cotton
do
do
,
J5
it!
•a
ij
*'
•
n
OS
do
'.r;
«
(
'66
-
.
-
„ » „
It'
V
Is
;?
»
7371
e|S|
o o
-I
Januahv
IHE (JHRONICLK
10, 1878.1
I'BTKOLEtTM-
URNBItAt,
Crude.
Cases
OUK^tKNT
l»iili;KS
poi.em Kit
»
«v»
».
„.,u
4X
MtodiolceSuta VB.
9
Wf
:
H'l
W(.'i-
31
"
"
e'd toch'jo
iio.Cr to prime
lU', com. to p*jie
'><.
33
"
•
10
i;v
10H»
10
LlTf)ri>nol honsPcann«it
t'2
adctionor
tcbcduie
D.hMW.
Weehaw-
D-c. W.
Hobokcu
Soiled.
Belied.
Port
ken,
8t'mb..$3
OrUe... S 25
Bgg
.
2 liSiit '•>
3 mi
3 (7S<i»3 eo
S 35
.
@no
Johnst'n.
t3 ri
3 25
3 85
S35
835
3 75
3 SO
3 75
3 90
OJFFKK—
do
do fair,
do
dojrood,
do prima, do
Javit, mat>
NatlvoUeylon
Mexican
KOltt.
••
xold.
Kold.
"
"
•'
JamaKa
gold.
gold,
Uaracaioo
baguayra
gold.
gold
"
"
"
Uomingo
COPPKK-
n>c
a
iB^
it
25
l^xs
1?M3
20
n
u
IDH
"
"
"
17H3
16
»
a
17
20
n a
:;i
a
&
a
17S3
Gr'd Bk.ft tteorge'e (new) cod.V qtl.
pr.bbl.
Mackerel, No. t,M. shore
Mackerel, No. 1, nay
Slackerel,Ko.2 Mats. shore (new).
Mackerel, No. 2, Uay
Fitl'lTperSOlb. frail
iUlilxa,i9aea!ess
do Layer, new
do
1
a
e
«
9
9
a
old.
I
17V
H'l
^
a
10
6 5U
case.
V hilt t)ox
* quaner Dox
a
20
)l
D
13V®
12H®
f) ft
59
do
liasjibe rlea
Utierrle". ury
Pinmi,
37K
.,
mixed and ntw
6H
6
3-iite
^^noi-tleberrlea
V t on
RoBsla, clean
175 30
130 OO
.
2PH
13K
14
6v
'
5
g
6W
(0>4
Italian
Manila
Vib
"
Jnte
"
5X
I6u
i^
is
6.275 00
q
.,,
S)<o
4!ii
Cropof
l-ii5
0!ds,
growths
all
V
».
a
^
®
«
s
3
j
I«0^--
rig, American, No. 1
Pig, American, {,0.3
Pig, American, Porge
Pig, Scotch
V
ton.
<S ro
•
«
1)00
1« UO
23 50
a
3
19 CO
18
(jo
17 OH
SO
','»
SPire lateen
Bar,Sweaes,ordlnaryelzeB..Vton.lso uo
*
Scroll
lb.
Hoop, «x.No.22t'>l*:Hx.l3&:4
Shoet, Itu.'sla
Sheet, single. doable
ItallK. Ainerlran
Stool
rail*',
:uner:ta'i
MULASSKE—
&
2
•'
ai3'> ib
5-108
®
5
5
2
Gnba, Mn8.,retln.grM«,50te8t.
do grocery grades.
do
Barbadoes
Demerara
Porto Uleo
N.U..cani, to|>rlme
V
a
3
/."&
sal
"
"
••
'•
**"
...
""
J5
43
28
so
23
"
"
,.,
»>i
i-x
Washington
f
bbl. 2 25
_
3
"
2 37U2
"
: Ijuj
Pilch, city..
Spirits turpentine
Vgat.
81)4^
KosId, strtilned to good strd.V ODl. 1 65 ^
•'
low No. 1 to good No, 1 "
,.
a
" low No. 2 to good No. 2 "
1 80
4t
' low pale to extra pale.. "
2 62Wa
Tar, Wilminitton
••
Wludowglass..
•*
4
50
NUTS—
Alinouds, /'irdan ahelled
v
,...
gold.
»
*
tt.
®
a.
35
&
20
4»
16
IS
29
«$
28
25
22
Q
9
«
80
23
IS
e
15
a
4
®M
»
.,,
29
ij
^40
«.
a
17 6
OAKUM-NaTT,U.S.SfaTy*best»l»".
5
®
,,
.9
OILS—
Cotton seed, erode
Olive, in casks* gall
Linseed, casks and bbis
Menhaden, crude Sound.....
Neatsloot, No, 1 toextra
Whale, hteaahed winter
Whale, crude Northern
Bperm crude
Sperm, bleached winter
Lard Oil, Nos. 1 and 4
,
V
gal.
v.
63
44
•
"
IS
•'
....
••
"
"
lis
48B
1
20
64
45
90
1 1'6
1 23
1 28
1
»
29
O.
Box
...
.'i
Locomotive
AiCKT.tS
AG
K N
r
-^
Kl)
.liills,
Mew
iTIIIU,
J.
Atlantic Co ton imiU,
Saratoga Victory lUI'sf'u.,
83"
«4
CS.
m.KANS,
Treasnrer,
ID
II.
Water
Bostot
stieet.
From Various Mills.
NKW YORK.
BCSTON,
A 45 White Strekt.
15 CHAfXuisT
PHILADKLPHIA,
J W. DAYTON, 230 CilKsTsnT 8TBEEV.
Bny ana
st
Brinckerhoif, Turner
Kennedy
S.
BANKERS AND
&
sell
Co.,
IflERCHANTS,
4 1 CEDAR, CflR. WILLIAM
Nenr York.
AND
Hoalerj. Slilrta and Drawer*
&
nLWOD, W.
Siiperlnlen'tent
MKiietieBter. S.
II
riiicopee ^IfgCo,,
Kiirlliistoii Wooleu Co.,
I^llerton
Works,
Lueotnoilves, Stationary Steam FnKlne», and Toola,
MANCHESTER, N. H.
St S 3
R.Mudge,Sawycr&Co
(VaaliliiKtou
NKW YORK.
MANCHESTKR
MANUrACTURERS OF
Commercial Cards.
E.
BROAD STREET,
2432.
6 6
ST.,
Railroad Investnient Beenrltles.
Col-
Coupons and Dividends. Negotiate Loans and
draw Bills of Exchange on London,
Agents for the sale of STEEL RAILS made by tbe
lect
Cambria Tron Company,
JOHNSTOWN, PENN.,
Co.,
AKD Tim
Edgar Thompson Steel Co. (Limited),
COTTOaNS.AILDUCK
And all kluds of
OITO,i) CANVAl., FELTINO DUCK, CAI! COVKK
IKS, BAO«ING,UAVKNS DUCK, SAIL TWINKS
»C. "ONTARUi" Si:.VMLKSS BAUP,
AWNING STUIPKS,"
PlTiaBUROH, PENN.
All business relating to the Construction
n:ent of railroads nndertalten.
Also, Agents
rnlted Statea UiiiiiIuk Coiupanr.
A (nil BOpply
all
Wtdtha and Colors always
No. 100
Dunne
In stock.
Street.
George A. Clark
&
Bro.
and EqtUp.
Wire Rope.
AND
CHARCOAL
STEEL
IRON of
'
t
JOHN W.
superior qnaltty
suitable for MINING
HOISTING PDRPOSES. Inclined Planes, Transmlauon
of Power, Ac. Also Oalvan'.zed Charcoal and BBfor
AND
^hlps* Rtffging. Suspension
Bridges, Derrick Guy8,FerrT
Kopes, Ac. A large stock
constantly
on hand
which any desired
are cut, rt, AT
IRON ROPES
from
lengtli:
STEEL AND
for Mining
purposes manufactured to
in A SON
43 Broadway,
&.
CO.,
New
York.
Henry Lawrence & Sons,
9U
6)
60
OS
"
IN
Prodnce, ProTii>ions and Naval Stores,
comp
niLtVARD>8 HEblX NEEDLES.
400 BROADWAY, NKW YOiaC.
43
1 10
**
W. ROSENFELS,
S.
..
31 6
Vorfc.
ONLY Supplied
EXPORT COMMISSION MERCHANT
SAIL
t.d.
40U
11
*.'.
ooomi; Trade
5 OC
toya
.,,..",*.*.'.*.*
J
16
172S
-57X
i.«
FlUierts, Sli;lly
Pecan
Ibe
as
21
2 21
12
1
SODA.
New
11 Old Nllp,
17
62
IS
SKs. ...
9«-....
tee.
»hhi
.
..
21 6
<s
18
,
a.
».
46
40
51
42
25
1"
a X
•
bbl.
Heavy (roods. ,Vton.
Corn.b'lk&Ugs. V Im.
Wheat, bulk « bags..
V
d.
a
®
&
3:h
lb
Brar.ll
Walnuts, Naples
a
2
OF
7X
NAVAl, STOKKBT.ir,
SITPER-CARBOXATK
7V
?"
9
37
as
48
86
Interior.
?-li)
11
gold-fllb
II'^Q
trehle. com.
SHd
4
V ton, cur. 83 OO ^36 00
45 10 ® 47 00
Cnba, clayed
VB
2
Superior, unw:,shed.
Fair
6H
14
5
MANITFACTUKKKS OP
''to.
7
nOPS-
OopotlS77
eH
ftau TO
00
270 00
•*
SlBSl
7
& C <^
John Dwight
'is
»-i!a
....a
"
«.
OtBce, Hone; Konic.
8. W. PO.SJEROY Jr.
WATEK tTKEET, NKW YORK.
91<
<$
~i
6
Jb.,
Represented by
105
\Hi
» »,
10
26
Head
««
i\»
"
— PTBAH.
W, I'OMKHOY
Kf ng & Shar.ghia
Banking Corporation,
a
10
••
Amerlcan X.\
American, Nos. 1 *
American, Combing
13
8 00
®1SS 00
^210 00
go Id. as
••
i»
S.
WATEU STHEET, NEW YOHK.
Hong
9X9
"
"
Out-of-town
5k
nnder Cotton.
American dressed
AmerlcsL undressed
»
'*
WOOL-
Its
8X
ij'
a
^
o
9
®
12
G0S NIKS.— See raoorl
HKUF AND J U IE—
7
...
"
city
Kcprennted by
....«
'
WhlteextraC
FxtraC'io
.
....
>H9
«X«
7va
"
"
"
"
"
„
AND snip AOKNTS.
Canton, Amoy, Fooeliow,
Shanghai and Hankow, 4'lilna.
icy
i\
Co.,
Hone Kong,
7''5
^K
^H
&
Russell
COnims.mON nERCHANTS
8
"
Yellow C.
Other Yellow
MolHSses sugars
Pork
SO
7HS
"
"
"
Coffee, A, standard
do
otr A
Beet
15
©
@
9
25
12
;6
wet...
,
IS
»
7Ka
•'
Klelado
Manila, sup, an I ex. Bup
Batavls. Nos. l'®12
Brazil, Nos. 9®U
J?^/t««t— HardTcrushed
Cotton
Floor
IJ
I
17 CO
..
prime "
fair to
.
To LITIEPOOI.:
1
a
7
4
retti
lioics, clayed, Nob. lOcsu
Cetrlfugal, Nos. 7®13
KKEIGHTS-
425
^
7
6
qa^r^^rg.
Peacuee.pared, la g'JiochVH ne»)
unpare;. nalTrt, a d qr*...
do
Blao^berrloi, bags aid bl)l8. (new).
Porto Klco,
Prime
•K«
axt
a
7
"
....
CO
4k@
new
row
Stale, sliced,
•
"
Prime
15
5i<»
i>om«*(iC i>r(«t~
Apple S^u hern, slice I
Qua-tnrs
do
do
d'»
13 00
l« 90
....
common '.eAnlfg....V •'A.
Smyrna. unwashed
:ika
,
16 00
"
it,)
Q
10
AMpots*
**
**
"
13
SVft
Ma''iironl. itilian
do
snoAR-
a
m
®
•
,...
....
"
ft
6 00
23 CO
20 00
«Xd
mew)
CantonlJInge .wn
•*
,-.•
Burry
South Am. Merlnc, unwashed
Cape Good Hop<>, unwashed
Texas, fine. Eastern
Texas, mediam, Kasteru
U\«
French
c«
Figs, layer
gardlie-,
®
< 20
1 es
ra
bar.ilne',
a
18 00
Loose, new
do Valtin, la,ncv
(Mrrants. new
do
e
'i5
12 SI
12 50
•
Citron, new
Prones, Turkish
bbl.
Kxtra.Pulle'l
So. 1, Pulled
Calltornla. Spring Clip-
28
26
25
iriSH—
do
7
TALH.'W —
19^
19s
JUH
17>i 'V
17 la
VD
iSuUa
Slieatliini!,a«w (overll oi;
tfrailors'toTcr 16 011.)
American Inzot, Lake
C >TTON— See special report.
n
ji
..
"
gold.
gold.
gold.
SavacUla
CoataRlcs
11
12
6X9
••
Bard.powdered
do granulatei
do cutloat
I!\v
...a
its
"
ftold.
Kold
St.
^
ord. car,(OandllCd*y>.Cld.VB
itlo,
* W.
L.
Wcehaw-
.'5
Store... 3 75
Cb'nat.. 3 U)
V
Pork, me»s,ipot
Pork, extra prime
Pork, orlme mesF, West
3nel, family mess
Beef.extra mesp,new
Beef hams. Western
Bacon, City long clear
Inferlor to
rut-s;
UftH. P.*R.
Auction.
knD.
...,*
Oood reHnlag
11 00
'S 00
prices at
win Bhow
followlnfc
pr-'^-eri
FattD.
Sc'ied.
OOS
Sua
a
IS
"
"
PliOVlBloHS-
F.lr
UverpoolKM eannel
Oommerclal Cards.
g.il.
"
Lard, city steam
COAL-
ASTHRAciTE— The
V
bulk
Hams. smoked
Dtata factory, fair to choice
V*
ITeitora tactgry.guoa to prime.. "
la^t
In
Keflned. standard white
Naphtha, city, bbls
Bl!KADSrOFK»-SBi)«D«cl»lri)Dort.
BiJTTKI{-.V<u>— (Wholp«Hle ITfcei)—
l)gi,i...
76
Olyphant &
Co.,
COMMISSION MERCHANTS,
HonK Kong,
Slianshal, Foocliow
Caaton, China.
SXFBZSEKTZD BT
&
manufaotdsees of
manila, sisal, jvtb * tarred
CORDAGE,
FOR EXPORT AND DOMESTIC VSB
eANQS OF RieOINe MADE TO ORDKB.
IM FRONT 8THKET, NKW TORK.
ISAAC SMITH'S UMBBELLAS.
GINGHAM
GOOD blLK.
»I.YPHANT tc Co., of China,
PATKNTKD Ol'ANACO
104 WaU St., New Tqrlr, KX. dUAU UCTANTINB SILK
StTPERIOU
fl OO
f
»
a 00
•««
:
:
:
THE
76
THE
Knoblauch
Lichtensteirij
BANKERS,
NEW
Exchange Place,
Not a Trip Missed
Credit
STONINGTON and
of Europe.
York City and Brooklyn.
hotel ticket-offices.
Com
UNION TRUST
NEW
OF
CO.
Steamers leave.
V
'^' HI
•""•
YORK,
No. 73 Broadtvay, Cor. Rector
LINE.
ONE*
St.
Direct Line to France.
HAS SPECIAL FACILITIES FOR ACTING AS
The GencTal Trans-Atlantic Company',-
-
-[^
-
.
BETWEEN
Regi§trar of Stoeks.
NKW^
DEPOSITORlf FOR mONEY.
Interest allowed on Deposits, which may be made
and withdrawn at any time.
N. B.— Checks on this Institution pass through the
EDWARD
M. McLean, Ut
J.
KING,
PresUtatt.
Vice- President.
Wm. "Whitbwbight,
3d Vice PreaiJent.
EXECDTIVE COMMITTEE.
SaMUKL WILLBT8,
Wm. WuiTEWRIGHT,
Geo. Cabot Ward,
Theodore Roosevelt.
M. MpLBAN,
B. H. HUTTON,
J.
K. B. Wesley.
G. G. Williams,
J.
|i.5; third cabin, $35, steer
age, t27, InclndlnK everything as above.
Return tickets at very reduced rates, avallabl
through England and France, steamers marked thu
• do not carry steerage passengers.
For passage and freight apply to
Company la authorized by speolal
cbarter to ac
trastee, guardian, executor or admlDiH-
KIFLKY hopes. President.
CHAS. K. MAUVlN.Vice-Freal.
AoQAR M. CULLEN. Counsel.
TRUSTEES
Henry Sanger,
^.S. Rockwell,
Alex.McCue,
40hBP. Rolfe,
Chas. H. Marvin, A. A. Low,
Thomas Sullivan, Abm. B. Baylls, 8. B. Chittenden,
H. K. Pierrepont, Dan'l Chauncey, John T. Martin,
John Hftlsey,
Joslah O. Low, Uijiley Kones
Alex. M.White,
Austin Corb'n, Kdmun<i W.Corllei.
Wm.
_
R.
BUNKBK.
BI-MONTHLT 8ERVICK TO JAMAICA, UAVTI
COLOMBIAand ASPINWALL. and to PANAMA and
SOUTH PACIFIC PORTS (via Asplnwall.)
Flist-class, lull-powered. Iron screw ateamers, from
Pier No. SI. North River.
For Kingston. Colombia, Istlimus of Panama and
South Pacific Porta
ALPS
For Cape Haytl,
CL kKlBE ,
142
JX A BUILDmO PSOOr AOAlirST FIRE.
GOODALL,
C. L. Van Zanct, Vice-Pres. & Manager.
Thbo. H. Fbeeland, Sec. Geo. n. Statner, Treas.
T.
Alden Gaylord,
St.,
New
&.
COUNTY BONDS
AND ALL GLASSES OF
^YEBTMEN-;- i; iUSCKLJ^ANEOUS SECLT.ITIK8
Sefers stt peituission to W. a. KlcLols & <:o., Baniiers
wUl be paid
eertlSeates of the lame of I87B
be redeemed and paid to the holders thereof, or
(kelr legal repreeentatlrea, on and after Taeaday,
the etb of Febmary next, from vhloh data all Inter*
The certUoatea to be proatt thereon wUl caaae.
daeed at the time of payment, and canceled. Upo>
OirtUlcatea which were leaned for gold premludb,
the pa jmaat of Intereat and redemption wUl ba la
C^lTldend of Portj per Cent. la doen tha net earned premlnma of tha Company
December. 1876, for whUk
wUl ba laaoad on and after Tneaday, tha
6d ef At>rU aezt.
By erAai of Ilia Board,
American
Now landing and
In yard,
s.
prices In lots to suit purchasers.
H. oHATHAir, i««r4tMra
Orrell,
for sale at lowest market
Also,
all
SBVSTBBMl
kinds of
the best
/.
ANTHRACITE COALS.
The Trade
supplied.
Chirlaa H, Boaaall,
ALFRED PARniELE,
JToalah 0.
Street.
Low,
Boyal E'helpa,
C. A.
Hand,
William H. Webb,
Francla Sklddy,
Adolpb Lemoyna,
SoUiyalldeatert throughout (ht World.
Robert L. Btuait,
Frederick Chaoncegr,
Oiarles D. LaTerloli,
a
;.
M
JamaQ.
DeForeM,
Adam T. Sackett,
Sdmund W. Corllea,
Horace Qray,
William Bryee,
WUUam a. Fogg,
^ohn
Elliott,
Peter T.Blng.
JONES, Prealdent.
CHARLES DENNIS, VIce-Pre«ia<nl
ISAAC SMITH'S UMBRELLAS.
GOOD SILK
PATENTED GHANACO
EX. QUAL. LEVANTINE SILK
BardetC
Uaraball,
'B.
gr.
SUPERIOR GINGHAM
Charlea P.
Alexander V. Blaka,
Robert B.
In torn.
George W. Lane.
eharles
STEEL PENS.
Lawla Cortlf,
lameiLoir,
Oordon W. dtlftfillB.
WmiamStorgia,
VnilUm B. Oodga^
Thomas F. Tonngi^
John D. Hewlett;
Darld Lane,
Daniel S. lUBer.
32.PIne street.
Tard—537 West 22d
OhUUoOAfili;
S. /«Mi,
W, B. H, IfoON,
York,
DEALER IN
LOUIS CITY
666.018 74
C16,6tl,667 It
for the year ending Slat
JOSEPH GILLOTT'S
CO.
6at,860 IS
1,811,601 at
The ontstandlng
aartlflcataa
«omnissioN iherchants,
AMSTERDAM, HOLLAND.
167,000 00
Vlll
A
BANKERS
AND
33 VTall
Total amoont of Aeaett
1,710,800 00
gold.
Adolph Boissevain 6c Co.
J.
and gnndry Notea and Clalnu
doe the Company, eitlmsted at
Pramlom Hotaa and BUli BecelTabla..
Oaihln Bank
Englisli Canrel,
President,
H. T.'CorrespondeiiUi.-Mcssrs. BLAKE BROS. &
wlae
Real Eatate and Bonda and Kortgagea
Liverpool Orrell,
AND
«
alared
BROADWAY,
niOST ARTISTIC STTI.E,
G.
j,
Port au Prince.
Miscellaneous
BuTK-NoTEs, Bonds fob Governments and Cor
POBA.T10N8, Bills op Ezchanob, CKaTipiCATEs
OP Stock, Postage and Revknub Stamps
FOLioiBs of Insurance, and vll
Kinds op Securities,
ALBERT
&
For Aux Cayes and Jacmel.
Nenr Ifork.
THE
Aspiuwai
buperlor ilrBl-clH8t«j»isseuger accoinmodatu n.
PIM, FOKWOCD 4 <:<>. Agents,
NO. 58 Wall trect.
ENGRAVES AND PRINTS
IN
.via
Gonalves, St. Marc
ETNA....
American
OFFICE,
U
the ontatandiii(
to tbeboldeta
thereof, or their legal repreaentatWea, ra and after
Cneaday, the 6th of Vebruary next.
aepretary
b^a.jvk:-ivote go..
tUfifijm
.
Ezpenaei.. 11,088,410 86
eartlllcatea of proftta
Atlas Mail Line.
^
Jam-
Six per cent. IntereM on
Agent, 66 Broadway.
can act as agent in the sale or management of real
estate, collect Intel est or dividends, receive registryt'
»Ji^ transfer books, or Tiinke purchase and sale of Gov*
eruK tut and other aecurltiee.
lictt^oua and charitable institutions, and persons
nnaccuBtomed to the transaction of business, will find
this Company a safe and convenient depository for
iBt
arj, lS-6. to Slat Daeaidber, 1876 ...
t.
LOUIS DEBEBIAN,
trator.
iDoney.
upon File dlaoonnected
with Marina Risk*.
Intaraat
....
.,
& Cliaton aU., BrooklTO, N. T.
CAPITAL, |50D,000.
U
Poltclei bava bean tuned npon Life
BL«ks, nor
utensils.
mudatlou; second cabin,
H. OGII4VIE, Secretary .
t.in,S60 OT
Total amoont of Uarlse Premlom*.. $T,101|4M f>
The Company bai tha foUowlac Aaaeta, fU.!
Onlted Sutea and State of Niw Tork
Stock. City, Bank and other atoeka. $11,066,700 tO
Loana aecored by Stocka and otber-
Cor. of Montagxte
This
f4.9I*,lfr 66
Calling at Plymouth for the lauding of Passengers.
The splendid vessels on this favorite route, for the
Contlneat—caiilns provided with electric bells— will
sail from Pier No. 5U North River, foot of Morion st,,
as follows
Wed., Jan. 23,9 A.M.
L.\BRADOR. Sangller
Wed., Feb. 6. 8 A.M.
FR>N(:K, Trulclle
Wed., Feb. 20, 8 A. M.
AMERIQ E, Delord
PRICK OF PASS.\GE IN GOLD (Including wlnc):
To HavTC— First cabin, I'.OO: second cabin. $5; tnird
cabin, $35 ; steerage, *a«—Inchidlng wine, bedding and
To Plymouth, London or any railway station In
England— First cabin, »90 to »100, accor'ilng to accoin-
The Brooklyn Trust Co,
u receiver,
YORK AND HAVRE.
ttt
off
Leues pall doting the
lame period
11,866,198
Batuma of Premlomi and
Mail Steaiusbi|)g,
Authorized by law to act as Executor, Administrator, duardlan. Receiver, or Trustee, aad Is a
Clearlng.Housc.
cemb«r, 1876
Premlomi on Policial not marked
UtJantUry, 1876
Ptamlams marked oS from
Transfer Agent and
I.EGAL1
In eonfonnltf to tb* Charter of tk(
Oempany, ribmlt ths following Stataount at
tSalrs on the 8Iit Daoember, 1876:
Pramloma recelred on Marlns Bldn
from Ut January, 1676, to 8Ut Da-
No
$1,000,000.
CAPITAL,
Co.
Insurance
Kirr ToBX, tt^'ouj M, U77.
Tha TnutMs,
Dally from Pier 29 North River (foo
of WHrren street.)
Freight taken via either line at lowest rates.
D. 8. BABCOCK, President.
L. W. FILKINS, General Passenger Agent.
A>On
*•""
tenia.
Mutual
all
FREIGHT ONLY FOR
Providence, AVercester, Nashua and
all Points North.
2,S47.)
Special attention paid to the negstlatlon ef
merclal
ISLAND.
Al&o tickets for sale at
PROVIDENCE
VORBIGN EXCHANGE AND GOI.D,
63 Wall Street, New Yorfc.
BOX
RHOBE
IW Dally from Pier 33, North l!lvcr, loo
Hereafter the STEAMBOAT EXPRESS TRAIN WILL
LEAVE SIONINGTON AT 4:30 A. M.
State-rooms and tickets secured at3(i3 Broadway and
at all offices of Westcott Express Company in New
BROKEP.S rs
(P. O.
ATLANTIC
EAST.
7 Consecutive Years.
d.ftO t*
McGowan & Co
J
in
THE ELEGANT STEAMERS
SPECIAL PARTNEK,
PKPTSCHE BANK., Berlin.
Hilmers
OFFICE OF THE
AND ALL POINTS
YORK.
MaKe Telegraphic Money Transfers.
Oraw Bills of Exchange and Issue Letters oi
all principal cities
OliD REl.IABIiE
Stonington Line
FOR BOSTON,
&
St., cor.
Insar4.iice.
Steams'^ips.
Financial.
99 WiUIam
[Vol. XXVI.
CHRONICI.F^
$1
2
2
5
OO
50
00
00
D.
W. H. B. MOOaE, W Tiee-Pro^diBt
SA7XN. Id VUe-PraaiV-IK.
A. A.
Jandarv
10,
:
.
1
USE CHRONICLfi
1W8.
Cotton.
Inftnranoe.
North
LOXDO^ A\D EDINBURGH.
1
174
809.
St.,
In and imld np Capital....
Seocrve fur all other liabilities, Includlna re-lnmriuce
Net Fire Surplus and Reserve.
.
iricsnra.
^.OIP.BM 70
Invested and Cni-h Fire .^fi-cts.SS, 500,185
Subscribed Capital, for which the
Stockholders arc personally liable, not yet ciMeii in
$0,545,054
Reserve for total Llabiliiles, Inclading re-lnonrancc. in the U.S.
Net Borplns iu the United States.
FINLAY, mCIR
s)ld on commission in
64
New York and
it,
CO.,
CO.,
and
Co.,
paid to purchases or sales of " Cotton Futures.
90TTINGUER
3. L.
MACAU'^T.
22
he execnllou of ordert
for the purchase or sale of
contracts for futurt
Liberal advances
made on
con-
RICHARDS)
Shtpplne and Commission Idercliant,
No. 39 BROAD STREET, NEW YORK.
:ASHSSSETSQyER$80.000.000.
NEW ORLEANS, LA.;
BLOSS & INCHES,
COTTON BROKERS,
No. 146 Pearl Street, near IVall, N.
Gstabllsbed (In
TonUne BnlMlng)
coraniissioN itierchants,
No. 43 Broad Street, Nenr York.
D.
L.
IMl.
DE JERSEY &; CO.
K. W. & J. H. Farlt7,
COTTON FACTORS,
MERCHANTS,
Nenr Tork.
COMMISSION
&
Bennet
Co.,
P.
New York.
3,909.
Co.T" New Orleans,
YORK,
LEECH, HARRISON
AND
Sc
Liberal advances made on consignments. Prompt
Eersonal nttcntlon paid to the execution of orders for
\% purchase or sale of contracts for future delivery.
England, China, India and Singapore.
UNDERWRITERS IN NEW ORLEANS
for the
Co.,
British
COTTON BUTEKS ft CO.MMISSION MSKCHANTS
60 Stone Street, New York.
I)r,<pr.
lr»
&
(Eucccssora to
solicited.
K»rEB«xc«s.— Ttilrd and Konrtn National
and Prop rietors nt Trk f^FwovirrT,"
Co.,
SIOODY * JEMISON),
Advances made on Consignments
Fumre ConCotton bouffht and t»uld «a CominlHfilon, In
tracts for
Corre
New Yors and
Liverpool.
Waldron
(Successors to
Tainter,
NOUliSE k BROOKS),
GENERAL COTTON niERCHANTS
BllAxcnEs:
104 Broadway, Near AVall St.
77 Fulton St., Near Gold.
&
07 PEARL STREET, NEW YORK.
I
Future orders promptly executed.
York.
&
Co.,
&
T^NN.
Krohn
COTTON BROKERS,
BEAYER STREET, NEW YORK
63
Geo. Copeland,
COTTON BROKER,
136
PEA RL STREET, NEW^ YORK.
D. W. Lamkin
&
Co.,
Cotton Factors,
TICKSBCRG,
iaiSS.
Orders to purchase Cotton In our market solicited
Refer to Messrs. NORTON, 8LAU0HTEB ft CO.
New York.
H.
215
J.
Baker
&
Bro.,
PEARL STREET, NE\r YORK
IMPORTERS AND MANUFACTCnKRS
Prime
Bank
ISAAC SMITH'S UMBRELLAS.
Down Town
Walter
AND
NASHVILLE, TENNESSEE.
Brnclal attention given lo Bplnners' orders.
&
GENERAL COMMISSION MERCHANTS,
No. 123 Pearl Street, New York.
nERCHANT
apondenee
11IE.VPBIS.
LIverp«ol.
BANKERS, COTTON FACTORS
l'^''.<ieless,
COTTON
COMKIISSION
Foreign marine Insurance
E. S. Jemison
Futures executed at N. Y. Cotton Kxchauffe
McAlister
Si,
Company of
C. Johnson
J.
New
COTTON BUYERS FOB MANUFACTURKKSf
FORWOOD,
Also, execute orders for Merchandise In
&
No. 134 Pearl Street,
LIVEPJOOL.
44 Broad Street, Boston.
H. Tileston
COTTON FACTORS ft COMMISSION MERCBAMTB
New York.
La.
Execute orders for Future Contracts In New York
nd Liverpool, and make advances on Cotton and
tber produce consigned to
coninissioN mekcii ants.
NEW
York.
BANKERS A COTTON COMMISSION MERCHANTS
(»ENERAL COMMISSION MERCHANTS,
P. O. BOX 4964,
P. 0. BOX 613,
Delivery.
125 PEARL STREET,
O Box
Pim, Forwood& Co.,
(or the Durchase or sal* of Contracts for Future
&
New
Investment Securities bought and sold. Orders exe
cat«d at the Cotton KxclianKcs In New York and Liver
pool. All Business transacted Btrictly on Commi»
8IOK, so that no Inierest of our own can possibly
conflict with that of our patrons.
Advances made on Conslgsments.
Special attention given to the execution of orders
COTTON
Street,
R. M. Waters & Co.,
56 BROAD ST., NEW ITORK.*
Special personal attention to the purchase and sale
01 "• CONTRACTS FOR FUTURE DELIVERY " OF
New York.
R. Smith
Co.,
FINANCIAL, ACENTS, Hcpkins, Dwight&Co.,
132 Pearl Street,
ooninissioN mEacHANTS,
131 Pearl Street,
&
Dennis Perkins
117 Pearl
Jdancbeater and LlTerpool.
OENEKaX
B.
KXOHANGE PLACE, NEW YORK.
HocsKs nr
Y
COMMISSION AND COTTON MEBCHANT8.
Street,
Robt. L. Maitland & Co.,
COTTON BROKERS,
Edward H.Skinker& Co.
B7 Fearl
Ajn>
GENERAL COMMISSION MERCHANTS
142 Pearl Street, New York.
COTTON FACTORS ft COMMISSION MERCHANTS,
Sa
F.Wenman & Co
Liverpool.
Knoop, Hanemann & Co
Cotton.
Tames
New York and
Richards,
(Successor to A. L.
MTfflMS AS FAVORABLE ASTHOSE OFANY OTHERCO.
In
COTTON FACTORS
E. O.
ENDOWMENT POLICIES
MACACIUT.
L. F. Berje,
Btgnments.
IIFE XfTB
A. J.
COTTON B0YER AND COMMISSION MERCHANT
NEW YORK.
<Ssi,.F.S.WiNSTON, PRESIDENT .of
"ES EVERY APP'^OV'EDDESCRIPTlOt*"
Co.,
WILLIAM STREET. NEW YORK.
Commission
COTTON EXCHANGE BUILDING,
delivery of cotton.
&
COTTON FACTORS ft COMMISSION MEBCUAITX
47 Broad Street. Nenr York.
Future Contracts for Cotton bought and sold on
GENEKAL C0AIMISSION MERCHANTS
Special attention paid to
PARIS.
,
AND
1842
CO.,
Sawyer, Wallace
BLADOKN,
ORGANIZED APRILI2T?
ft
Bill
'
BANK, LONDON, sod
Macaulay & Co
COMiniSSION MERCHANTS,
Cotton Factors
Funds, which, by act of I'arllanKfiil. arc In a distinct
and separate department, for which the surplus and
reserve of the rlrc lusurance Department, named
above, are not liable.
Advances made on Consignmeuts. Specta altentloo
ot Exchange on the CITY
Liverpool.
&
Ware, Murphy
$780.SI8 04
9!;6,T5S 49
P.
dc
CALCBTTA AND BOMBAY.
rUTUKE CONTRACTS FOK COTTON bought
10
FlreAfsetsheldinthe U.S. ..$1,767,276 53
The above does not Include the Life and Annuity
CHAS. E. WUITE, SAM.
Managers.
Nenr York.
Also execute orders for Merchandise throngb
S,517,!l28 04
WALL STREET
No. 58
York.
LIVKKPOOL, LONDON AND GLASGOW.
tl,.363,636 36
.
New
,
JAinKS FIN LAY
meaara.
Cor. Pine, New York.
Ueoeuber, 1866.
CalW
176 Pearl St
ic
Peet,
BANKERS AND COMMISSION MEBCIlANTB
Advances made on Conslgnnvnts to
UNITED STATES liRANCU
ESTABLISIIBI)
Robb &
Co.,
OOniniSSION inBROIIANTS,
OP
IN
&
GENERAL
cantile Ins. Co.,
IhXOKrORATBn
Cotton.
Henry Hentz
and Mer-
British
64 William
«
.
(tnallty
C
Chemleal nanar*
Chemicals tor the Vlllc formulas, for all Oropl
Cbciiilcals for the Stockbrldue formulas.
Dlksolved Bone—Sulphate Ammonia, .Nllrat* Potasb
Nllnite Soda, Sulphate of Potash, Muriate of Potaab
Supor-phos^hate
40 per cent actual Potash.
Also, strictly pure ground Uoae.
Our descriptive drcuhirs mailed free. The instCX14
(«r special f erlUUeri for partlcuUr cropi.
Uma
——
THK
DHiiOiVlOLU
COTTON
SEED TO LOOM.
Vol XXVI.
Cotton.
Woodward &
8
1
-r
8
.
Stillman,
SEAMEN'S BANK BUILDmO.
FROM
&
Non. 74
WaU
76
NEW
Street,
YORK.
UEXERAL COMMISSION MERCHANTS
LOANS mCADE ON ACCEPTABLE
SECUBITV.
We
Book on
shall issue the
Cotton, which
we pvomised
last
month,
made on ConBlgnmenta.
Liberal advances
Special attention paid to the execution of oruera for
On
the 11th of February^ 1878,
Its contents will
be as follows:
»he purchase or sale of contracts for future delivery
of cotton.
W.
&
C. Watts
Co.,
31 Brotvn'D iSuIIdiues,
We
have prepared a large .Map of India, showing, among other lliiDgs, all of the
The map is made up from original eourcea and will,
cotton districts of that couniry.
we tliink, be found very useful.
C
HAPTER
I.
II
Advances made on cuualf;nmeata. and
.
Cotton in the United States from the date of its earliest production,
tracing the progress from year to year, with the inventions whicli gave the
impulse to that progress; also a table of receipts and exporig at each out-port ol
the United States from the earliest records down to 1877, &o., &c.
Stjne street.
—
—
CHAPTER
IV.
—
—
CHAPTER
V.
—
—
—
—
—
VI.
—
Fail Growth Formation of the Bud, its Shape, &c.
The Blossom, how it
changes its Color and Shuts and Falls Formation of Boil— Habits of Blossom and
Plant in Relation to Sun Definition of Bottom Crop, Middle Crop and Top Crop
Cotton Enemies in Summer, Lice, Rust, Sheddng, Boll- Worms, Caterpillars. &c.
Number Bolls to Make a Pound, &'-. Rainfall, Thermometer, Chronicle Weather
Reports and Agricultural Bureau Reports, from July to December, for 1870 to 1877
Important deductions from this Review and Analysis of Weather for past
Summer and
—
—
New Yon.
tuf*nnatlou
at]
WATTS ^
and Messrs. D. A.
Co., 5J
OIVKN «
Baronne Street. New Orleans.
Miscellaneous.
H O
E
i\l
Insurance C o n) p a n y
OF NEW VeUK,
OFFICE, No.
l;-.5
BROADWAY.
SHOWING THE
—
Planting— Cultivation from January ti June How Land Prepared and Seed Planted
Old Lands being Reclaimed Early Growth of Plant Chopping Out— Securing
a Stand— Cotton Plant very tender in Early Life and tough afttrwards— Its Early
Eiremies and Diseases Crab Grass Wet May and June Rainfall, Thermometer,
CuRONiciiE Weather Reports and Agricultural Bureau Reports, from January to
June, for 1870 to 1877— Very important deductions f/om the weather data, &c., &c.
CHAPTER
rs for itt
Forty-Ninth Seiiii-Annnal Statement,
Acreag;e in 'ha United States Yi^ld and Acreage by States since ll'OO Possibilities of
Grips w'vh .\creage given Growth in Acreage illustrated and proved Percentage
of Productio-.i and Acreage in Each Stale, &c., &c.
—
64
—
India production of Cotlon Goods from Earliest Dates Interesting Review of the India
Export Trade in Goods from before the Cliristian Era to The Present 'lime, &c.
Tlie Monsoons and t! eir- effect upon and relation to the Cotton Crop Also, the
pist Productio.i of Cotton in ludia and the present su(p!.T, with a detailed
description of each Co ton District from "liicli tiie present supply comes Several
wood-cuts and fu 1 Statist cs of the Trade, &c., &c.
—
S JN,
III.
—
and ord
afforded by our frtcaua, Meesn, D.
History of
CHAPTER
COTTON
pareUuse or sale of (utuie Btipuicai« or deUrerto.
Introductory -Showing the Object and Scope of the Book.
CHAPTER
LIVERPOOL.,
(oUcltconslgnQien,^ of
—
Coudttlon of the Company on the flrat
day ol' January, 1878.
CASH CAPITAL
$3,000,000 00
Reserve for Re-lnfcurauce
1,836,432 31
Reserve lor Uupaid Lot-ses ana
Dividends
256 391 42
1,016.71)3 02
NetSurplus
TOTAL ASSETS
$6,109,526 75
SUMMARY OP
Cash
Banks
Bonds and Mortgages,
ASSETS.
In
$161,727 58
belnf; first lien
on
(worth »J,295,200)
Iinlted States stocks (inar]$e< value)
Bank Stocks (market value)
State and City Bonds (market value)
Loans on Stocks, payable on demand
(market value of s-ecurltles, H2f.098)...
Interest due on '.st of January, lb^8
Balance In hands of Agents
Keal estate
Premiums due and uncoltected on Policies
real estate
8,016,tOS 00
3,0l6,S75 00
251,11-0
314,215 47
6.^,2 2 89
185,'^01 13
12,500 CO
Issued at this oUlce
7,871 20
Total
16,103,523 75
CIIAS. J.
—
00
j24,S23 00
J.
MARTIN,
President.
H. %VAS<IBI;KN, Secretary.
Seasons, &c., &c.
CHAPTER
receipts
and percentages of past receipts
—
—
—
for a series of years, &c., &c.
CHAPTER
Till.
CHAPTER
York and Liverpool,
IX.
Consumption ol Cotton in Europe and the United States— Some Thoughts on this
Subject which may be Suggestive— Also, full Tables and Statistics Showing Past
Consumption, &c., &c.
This is a very brief and imperfect summary of the contents of this
book. It is a large octavo volume of several hundred pages, containing
everything the trade needs for reference, and drawing conclusions from the
experience of the past, which ought to make crop estimates in the future
and uncertain.
PRICE,
ro &
Insurance Company
of h,\rtfori>.
INCORPO RATED IN 1819.
Total Asset?, Jauuary
FOUR DOLLARS.
William B. Dana & Co.,
81 TV^UUaiu street, JSeyy York.
I
.
1877
$3,000,000 08
1,741,873 43
1,
Capital
Re-insurance fund. ...
Unpaid losses & other
claims.
Prices ol Spots and Futures, for a Long Series of Years, at New
with a History of the Influences Affecting Same, &c., &c.
less difficult
^TNA
VII.
—
—
Gathering and Marketing of Crop The Influences affecting Market When and why
a Crop will be Marketed Early An Analysis of the Movement to the Ports of Each
Crop from 1870 to 18T7, and tLe Reasons lor Delays and for Haste Tables Showing
at Several Points in Each State the Date of Frost, Eud of Picking Season, Receipts
of First Bales, Receipts New Cotton to September 1, &c., &c.
Also, Height of
Rivers for a Series of Years. All these facts are so arraBged as to enable the
reader to form a correct opinion of the future. This chapter closes with the daily
$7,H5,6J1 42
•
429,114
.
82—
5,170,388 S4
NET bUR°LUS, Jan. 1877.. $1,945, 336 IS
BRANCH OFFICE:
No. 173 BroadAvay, Xcw York.
J AS. A. ALEXANDER, Agent.
1,
Livei^pool
London
&
& Globe
Lisurance Company^
45 William
St
Assets
In the U. S., $3,000,000
@FedFRASER