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HUNT’S
REPRESENTING THE
MERCHANTS’
INDUSTRIAL AND COMMERCIAL INTEREST!
VOL. 20.
if
THE CHRONICLE.
Prospects of Business and the
New Finance Bill
The New Fives and the Reduc¬
tion in the Bank of England..
“Banditti”
Governor Tilden and our Canal
System
Every Day of
u
Kxchan^o for
the Year 1874...
35
Course of- Prices of Railroad
Bonds for the Year 1874
Course of Prices of Railroad and
Miscellaneous Stocks for the
Year 1871
The Debt Statement for January,
1875
Latest Monetary and Commercial
26
27
29
30
33
35
37
38
38
English News
31
Commercial and
News
Miscellaneous
.....
THE BANKERS’
Money Market, U. S. Securities,
.
38
a.
GAZETTE.
Banko,
Railway Stocks, Gold Market,
Foreign Exchange, New York
City Banks, Boston Banks,
Philadelphia Banks, National
47
47
Dry Goods
Financial Chronicle is issued on Satur¬
news up to midnight of Fridap,
day morning, with the latest
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THE PROSPECTS OP BUSINESS AND THE NEW FINANCE BILL.
There are two points towards which, alternately, not
a
few of
our
late, with
business.
the
a
thoughtful business men have turned of
view to forecast the future movements of
One class look to the
price of gold.
When
premium falls, they are in excellent spirits, and think
we are
approaching the goal of specie payments ; but
when, on the contrary, the premium rises, these men lose
their cheerfulness, and declare that all is
going wrong,
and that the one
thing needful to give energy to the re¬
cuperative forces of the country is resumption. The
Other class of prophets look to the
currency.
They tell
Jis
abundance of
would take to enrich the country
paper money.
As
is to issue plenty of
irredeemable paper money.
How shall we reconcile these two opposite parties ?
Each is in possession of a half-truth, and neither is will¬
ing to give way to the other. The problem of concilia¬
tion is attempted in the Finance Bill, which was passed
by the Senate 2‘2d December, and by the House 7th Jan¬
new
law
are
well known.
•
of inflation.
Secondly, the same section attempts to satisfy, or at
quiet the opposite party, who are in favor of
hard money.
It fixes January 1, 1879, as the day
on
and after which the Secretary of the Treasury
shall pay the greenbacks at par in coin.
To facilitate
this payment, the Secretary is authorized to use any sur¬
plus balance in the Treasury, and to sell at par in coin
least to
4^ or 5 per cent bonds “ to the extent necessary to carry
this act into effect for the purposes aforesaid.”
As there
is
surplus in the Treasury, and as the state of the
country does not admit of special taxation for the pur¬
pose, the Secretary in carrying out the law must expect
to accumulate the needful gold reserve by means of a
loan.
That is, he must borrow gold at 4 to 5 per cent a
year, and lie must accumulate during the next four years
a sufficient amount to
justify him in offering to pay on
demand at par the three hundred millions of greenbacks
whose payment in gold the bill promises for that date.
The minor provisions of the bill we need not recapitu¬
late.
Enough has been said to recall the general drift
of this new statute, which stands alone in the financial
legislation of this country as an expedient which popular
opinion lias neither demanded nor accepted as final.
Waiving other questions, however, we may briefly ex¬
amine the bill as a measure affecting the industrial
activity of the country. And, first of all, that a great
advantage will be gained if the assurance can be given
that Congress will not disturb the currency by any
further legislation.
Thus one of the most potent
causes of depression will bo in
abeyance. For months
no
that all the evils ^hich afflict business will terminate
past
an
First, it sanctions issues of irredeemable currency ; and
secondly, it promises specie payments. As to the new
issues of paper money, they are provided for in the third
section, which authorizes five millions of National bank
notes to be issued for every four millions of
greenbacks
retired. This provision is intended to work an increase
of paper currency so as to gratify the desires of the party
<£t)c <&f)tontcU.
and
only get
any individual citizen is richer the more money he holds,
so is it,
they suppose with a nation ; and the way they
uary.
The chief features of this
TIMES.
43 1 Breaastufis..
I
can
42
Corporation Finances
43
we
NO. 498.
39
41
etc
Quotations of Stocks and Bonds
Investment and State, City and
THE COMMERCIAL
Epitome
c5
York for 1874
Table of Sterling
25
28
;
New York City Expenditures...
Financial Retrospect of 1874....
Government Securities for the
Year 1874
Course of Prices of State Securi¬
ties for the Year 1874
Yearly Table of Gold at New
The Commercial
I)F THE UNITED STATES.
SATURDAY, JANUARY 9, 1875.
CONTENT 8.
Commercial
Cotton
MAGAZINE,
the calculations and projects of
onr
merchants have
26
THE
[January 9, 1875.
CHRONICLE.
reduction of the Bank of England minimum on Thursday
perturbed by an uncertainty as to what Congress to 5
per cent. There has not been much gain of bullion
would do about the currency. These disquieting fears
during the period that has elapsed since the Bank began
will be at an end. We shall know precisely what the
to raise its rate last October, nor has the gain been pro¬
National Legislature intends to do during the present
duced solely or chiefly by the change in the rate of in¬
session.
terest.
This is proved by two facts; first, the open mar¬
Otherwise, the first effect of the bill will doubtlest be
ket has refused to follow, except slowly and reluctantly,
to produce distrust, and to cause the ,better class of
the successive upward steps of the Bank-rate; and second¬
bankers and capitalists to assume a very conservative
attitude. The moral influence of this will be to hold in ly, the cessation of the drain of bullion from the Bank is
a direct consequence of the changed situation of finan¬
check the mischievous forces of expansion which the bill is
cial affairs in Germany and France; while over this
otherwise adapted to generate and to let loose in the finan¬
cial system. Thus a long period will elapse, in all prob¬ change the Bank of England is not pretended to have
exerted any force by its enhanced rates of discount. To
ability, before the full power of the paper money infla¬
illustrate this, we give below the latest returns of the
tion can be expected to be reached. Some of our most
weekly aggregates:
experienced men conjecture that a year or two, at least,
Circula¬
Securities
may be necessary for the accomplishment of this object.
tion,
Rate of
and
excluding
Discount.
Reserve.
Of course it is premature to attempt to pronounce
Banking
Bullion.
Deposits.
Hank Post
Dale.
been
Coin
in
Departm't
positively upon questions of so conjectural and
Per cent.
£
£
£
£
£ \
complex data. What is certain appears to be that a few Sept. 9
23,244,107 23,628,077 30,562,222 11,745,772
26,498,335
16
26.243,065 23,364,615 23,948,452 30,514,410 12,121,550
of the difficulties and uncertainties of the financial situa¬
12,291.969
23
26,023,995 23,315,964 24,106.601 30,540,725 10,813,305
30
27,276,995 23,090,300 24,838,641 32.721.109
tion have been relieved, while others have been immeas¬ Oct. 7
27,603,350 22,639,472 26,631,444 34,627,026 10,036,222
4
14
27,66",430 22,066,256 25,905,036 34,546,423 9,405,826
9,425.229
urably enhanced by the passage of the new Finance bill.
25,481,480 34,126,327
21...... 27,031,365 21,456,594
26,745,765 21,341.381 24,706,540 33,156,288 9,595,616
Finally, we may be permitted to suggest that if this Nov. as
8,829,621
4
27.268,920 21,098,541 23,-322,328 32,570,194
9.037,697
11...... 26,786,600 20,824,297 22,712,947 31,727,651
bill is destined to disappoint the hopes of both the par¬
5
18
26,383.955 20,201,674 21,873.761 31,078,213 8,817,719
9,291,009
22.302,355 30,990,813
25
25,833,105 20,124,114
ties whom it seeks to unite and propitiate, it will at least
6
8,639,905
26.311,440 19,951,345 22,471,337 31,792,817
Dec.
2
29,711,084 .9,629,937
9
25,6S6.325 20,316,262 21,369,321
be very slow in developing the worst evils with which it
16
25,457.735 20,837,155 22,526,200 30,091,261 10,379,420!
threatens the banking machiney of the country.
Else¬
These figures would be of less practical interest to us if
where we allude to France and to its monetary changes
they did not seem to indicate an improvement in our
as
having had something to do with the decline own
monetary movements in the early future. Of the
in the rate of the Bank of England.
The change we
financial forces conducing to a revival of business, some
referred to is the partial resumption of specie payments
of the more conspicuous arise out of the fact that capital
in France by the withdrawal of the twenty-franc notes
is accumulating which must soon give an impulse
and the putting into circulation of gold coin to the
to the wheels of industry.
Now there are but two
amount of over $60,000,000. The facts offer a very sug¬
sources from which this capital can come to us.
One
gestive commentary on the bill before us. They are well is our own national savings and productive labor, the
set forth in the subjoined letter from Paris to a London
other is the labor and the savings of older countries in
journal:
The last of these two sources of capital is ex¬
The withdrawal of the twenty franc notes of the Bank of France Europe.
from circulation in exchange for gold appears to be a measure of tremely important to us just now.
For this reason, among
more importance than at first supposed.
The amount of these a multitude of others, the foreign exchanges have been
notes in circulation had already been gradually diminished for
watched of late with unusual solicitude. Thus our panic
some time past, but perhaps for the reason that the measure had
been carried out quietly and almost secretly, it had failed to pro¬ of 1873 has left results somewhat resembling those of
duce the effects which appear to have been counted on. The
Bank had paid out a considerable sum of gold, but which, never¬ panic of 1837, when as Governor Tilden reminded us in
theless, very rarely appeared in circulation, business transactions his recent admirable Message, “ it was commonly said
continuing to be mainly carried on in small notes and silver
coin.
The Bank is now about to adopt a more radical that the barometer of the money market of America
measure, will cease to issue the twenty-franc notes paid in,
hung up in the parlor of the Bank of England.”
replacing them by gold, and the Government offices, railway
In this point of view the reduction just made in the
companies, &c., will assist it in withdrawing them from circula¬
tion immediately. The object of the Bank, in thus putting in cir¬ Bank rate will be the more
gratifying because it is likely
culation a sum of over 300 millions of gold, is to create an abun¬
If this expectation
dance of that metal; as there will be no difficulty in obtaining to be followed by a further decline.
it, the public, it is expected, will cease to hoard it, and will open should be realized, it cannot but exert a favorable in¬
the hoards they have already made.
This measure will be not fluence
on the movements of British capital this way.
only a step towards a future resumption of specie payments, but
experiment as to the possibility of their being resumed with¬ It will both improve the prospects of our new Five per¬
out inconvenience.
If the public continue to hoard the gold,this
will be a proof that the forced circulation could not be terminated cents in the money markets of Europe, and it will also
without a danger of a drain of the reserve gold. But if the
'multiply the chances of certain sound American enter¬
public manifests an indifference for the gold, and after taking it
But there 1
returns it to the Bank, this will be evidence that the resumption prises which are seeking funds in England.
of specie payments might be attempted without danger at no
are other aspects of this prompt action on the part of
If the expectations of the Bank are realized, the
distant date.
the Bank of England.
A controversy is just now re¬
calling in of the twenty-franc notes vrill not cause any diminution
in its reserve of gold, or only a temporary diminution, in conse¬ viving as to the duty of that institution to keep a mass
quence of the setting free of the mass of gold now in the hands of
reserves, so as to protect not only its own deposits, but
of the public and withheld from circulation.
The forced circu¬
lation is practically at an end, as gold is not refused at the Bank the deposits of all the other banks of London.
These
for a reasonable amount to its customers, and the right of with¬
rival banks have liabilities to the aggregate sum of 179
holding it would only be exercised when the Bank had reason to
millions sterling, as stated by Mr. Pal grave, on page 79 of
suppose that it was demanded for purposes of speculation.
his “ Notes on Banking.” It is well known that against
THE NEW FIVES AND THE REDUCTION IN THE BANK OF ENG- these 179 millions of liabilities, the London joint stoek
LAND RATE.
banks keep no cash reserve of their own; but instead of
Advices from Germany are to the effect that the ap¬ this they keep deposits of about 8 millions sterling in
prehensions of monetary trouble there are abating. To the Bank of England. How this loose and unsafe
this assurance, in part, is no doubt due the more arrangement first originated we explained last week.
cheerful aspect of our securities abroad, and the prompt It is now obviously moribund and unfit to be retained,
Bills.
very
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January 9,1875.]
THE CHRONICLE
sharply criticised, and the proposition has longingly looking into the future to a new election when
been made that the Clearing House banks shall hold a they shall obtain legal redress, entitles them f to the
cash reserve in their own possession independent of any appellation of “ Banditti.”
But further; as the time for that anticipated election
It has been
*
deposits in the Bank of England. The only wonder
seems to be that a plan which has such practical merits
has not been long ago put in force. It has been objected
to on various grounds, few of which will bear examina¬
tion, if the principle be admitted that “ eveiy bank which
receives deposits from the public is bound not only to
keep an adequate reserve of cash, but to publish a
weekly statement to assure the public at all times that
this reserve is actually in hand.” The light of publicity
will soon correct most of the defects of detail which the
objectors to the “ System of Associated Reserves” have
as yet brought against it.
There is but one of these
objections which will not yield to publicity—namely,
that “if the joint-stock banks keep more reserve they
will make less profits.” This must be admitted.
But the
stockholders must concede this patriotic sacrifice to the
public good. For some years past the dividends of the
large joint-stock banks
have averaged from 20 to 24 per cent, a year.
If these
dividends have been swelled by the profits of bad
banking, what is so just as that the evil should be
redressed ? And to keep an insufficient reserves is cer¬
tainly bad banking.
Westminster Bank and of other
discovered that the
existing government had passed a law, monstrous in its
provisions, giving to this so-called Governor and. his
appointees the entire control of the election, and that
the whole army of the United States was ready to
enforce these pretensions. We can well imagine the
irritation and desperation a knowledge of these facts
approached, it was unexpectedly
held, and ws
think anyone who has examined the evidence will say
the opposition elected a majority of the Assembly. But
next came, through two months, the workings of a kind
of grinding board, controlled by this same Kellogg. Of
course, if simple, honest dealing was intended by that
board, the canvassers of the vote would have been non¬
partisan; that is, equally divided between the contesting
parties. Imagine Tweed and his ring having the
must have
caused.
Still the election was
counting of the votes at any election held to displace
them, and the army of the United States determined to
uphold them in that position ! After two months labor
this board very
naturally gave the
Assembly to their own
friends.
majority in the
repetition.
At a time when there was no insurrection, no domestic
violence, not even a disturbance of the peace, into their
Legislative Hall marched a body of United States sol¬
diers, fully armed—the old officer in command being
The rest is of too recent occurrence
to need
of the dispute, which has
probably had something to do with hastening the re¬
duction of the Bank rate. We need not dwell longer
upon its details, which may be well summed up in the
words of Mr. W. Fowler, in his sketch of the British removed and a new one of rougher mold being appointed
crisis of 1866. He said : “We are being taught the im¬ —and forcibly ejected some of the members and other¬
wise interfered with the proceedings. There was no
portance of a sufficient reserve in an available shape ;
and the anxieties of the present year will not, I think? authority in the constitution of the United States for
have been incurred in vain, if the attention of the public this military interference ; any lawyer admits that it was
Yet they met with
is drawn to the need that exists of larger and more nu¬ entirely without legal justification.
no resistance ; the opposition members, after protesting
merous reserves, and to the danger of a general reliance
against the act, quietly went out, addressed the people,
being placed on one establishment.”
urging them not to disturb the peace, but to suffer on
and wait for relief through an excited public opinion in
“BANDITTI.”
the North. And these men, thus suffering and submit¬
We have learned something new this week.
Not that ting, are “ Banditti,” to be tried (what for ?) by a “ mili¬
new suggestions are of infrequent occurrence; but when
tary commission;” and further, the communication
we do become the happy possessor of a new thought we
which contains this closes with the following recom¬
mendation :
like to mark it and lay it away for future use.
“ It is possible that if the PresiDown on the Gulf of Mexico there is a State, formerly
dent would issue a proclamation declaring them
one of the United States, called Louisiana.
Over this
Banditti, that no further action need be taken
State a man, Kellogg ^by name, rules under the title of “except that which would devolve upon me.—P. H. SheriGovernor. He does not sit easily nor firmly upon his
dan, Lieut.-General, United States Army.” We have
no hesitancy in saying that a more brutal official docu.
seat, because, according to the foolish republican notions
under which that people were brought up, he has no ment was never written. The number of these citizens
title to his position ; he was never elected to the thus marked may be imagined from the following state¬
office, and has no constituency; at least, every white ment of the Hon. Wm. Walter Phelps, one of the Con¬
man down there and about one-third the
freedmen, gressional Committee in New Orleans, as appears by a
together with a Committee of the United States Senate, telegram in the Tribune of January 5th :
which spent much time and money last winter in investi¬
Mr. Phelps thought the evidence, as far as taken showed, that
there were left in the State no white men who supported the
gating the subject, all unite in saying so. Under this
relatives
Government, of which Kellogg is the head, the State Kellogg Government, unless they were office-holders or but they
of office-holders. There^were many white republicans,
debt has been growing constantly and rapidly, until now had failed at the last election to support the Kellogg Government
and had either stayed from the polls or voted the conservative
it amounts to about $30,000,000, while at the same time
ticket.”'
taxation has become extremely burdensome.
Last
To sum up then, the Banditti of our day are a com¬
-winter a few specimens of the way in which that people’s
munity of people who have suffered great indignities,
money, was thus wrung from them and transferred to
been deprived of their rights as citizens of a republican
Congressmen’s pockets for “ lawyer's fees” were pub¬
lished by the daily press in the shape of memorandum government, been ruled and robbed by imported rogues,
stubs from the Chief’s check book. This must have been and yet have born it all with patience and moderation.
We think our readers will conclude that under such
very interesting reading for those who had thus been
robbed. Now the new thing we have learned is that for circumstances the shame is not in bearing the; title but
in uttering it.
people to be patient under such accumulated wrongs,
Such is the
present condition
“
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0
[January 9, 1375,
THE CHRONICLE
28
GOVERNOR TILDEN AND OUR CANAL SYSTEM.
We should be very glad were we able to make room for the
whole of Governor Tilden’s message. It is a document of unusual
interest, not only for the facts it presents, but for the clearness
and soundness of the views expressed upon the great leading
questions of interest to the State. We shall be compelled,
ever, at the present time to confine our analysis to that portion of
the message which relates to our canals.
And on this subject it is surprising how many ill-formed ideas
how¬
usually well informed. In such
not including within one’s field of view all, or
of the Erie
lies in
in 1862. It
amounted to
averaging 167 tons. The lockage both
ways, and including rafts which pass only one way—at Alex¬
ander’s, .which is the throat of the canal, three .miles west of
Schenectady—was 34,977.
In 1873 the deliveries were 2,585,355
tons, in cargoes averaging 213 tons, and the lockages were
24,960. The theoretical capacity of the canal will therefore be
three or four times the largest tonnage it has ever reached.
There is no doubt it can conveniently and easily do double the
business which has ever existed, even though .the locks be not
2,917,094 tons, in cargoes
find currency even among men
cases error
Canal at tide-water was
manned and worked
We
conclusion simply
are
with the highest efficiency.
inquire how we can improve
thus led to
the canal so
nearly all, the facts; and of frequently drawing a
as to quicken the movement of the boat, as increased "speed
from one fact, perhaps, ignorant of the leaning of all the others. lessen every element in the cost of carriage.
And here it is
The argument not unusually is something like this
are evident that the economy in the transit must be made not in the
in the West surplus products; New York city wants them at locks, but in the water-way. The seventy-two locks in the 345
the current price; any saving in transportation is very desir¬ miles between Buffalo and West Troy, if each takes five minutes,
able as it is a direct gain to the producer ; hence the conclusion would occupy exactly six hours. In October, 1873, seventy-six
that all the locks of the Erie Canal should be made to pass lake boats were timed, and their average passage down, with average
boats freely.* ThiB may sound, stated in this form, a little
cargoes of 227 tons, was ten days, two hours, and
but really no more so than much that is said and written on
minutes, or nearly 243 hours. If we double the time taken
rjtna.1 question.
in the locks, the time occupied on the levels between them
The people of this State desire to do any
would still be over ninety five per cent, of the whole time of the
they can wisely and prudently do to effect any
will
:—there
32781
to
the
producer;
absurd,
the
thing
possible saving
but they do not wish to be led into extravagant
they are finished will leave no result except
an increased debt.
The Erie Canal, as Governor Tilden very pro¬
perly remaks, is not a property out of which the State
to
make a profit, but is " a trust for the million,” and the large and
schemes which after
seeks
the State is in accordance with this idea.
simple trustee requires us to protect this
great work, not only from a spoliation of its revenues and from
inal-administration, but from empirical changes, proposed in the
seductive form of specious improvements destroying its useful¬
ness while charging it with new incumbrance; and also to pre¬
vent improvident tampering with its incomes that would dissipate
liberal policy adopted by
But this very position of
effecting .real improvements.
With these ideas before us a wise canal policy readily suggests
itself. It does not consist in acting as if the 925 miles of lake
navigation from Chicago to Buffalo, and the 495 miles of
and river navigation from Buffalo to New York, and the 3,000
miles of ocean navigation from New York to the Old World, were
its means of
canal
forty-six
therefore, that the saving of time must be
cent., and not in the 5 per cent. The engi¬
neers, in 1835, planned the Erie Canal'and the boat with such
relations to each other as to give the greatest economy of power
and facility of transit. The boat has inclined to grow rather
voyage.
It is clear,
made in the 95 per
large and too square, and the water-way, which was never exca¬
vated in every part to its proper dimensions, has through time,
the action of the elements, and neglect of administration, been in a
measure filled up by deposits, until now the boats drag along over
a little skim of water, whereas the canal ought to have a body of
water larger and deeper even than was intended in the original
project. Bring it up to seven feet—honest seven
on
the levels, wherever you can, bottom it out ; throw the excava¬
feet—and
all
the banks ; increase that seven feet toward eight feet,
you can do so, progressively and economically.
Such a policy, if properly executed, will give a better aud more
economical transit to the boats, if they continue to be towed by
horses.
It will also facilitate the use of steam canal boats, and
the full realization of the advantages they may be expected to
tion upon
as
homogeneous or even assimilated; each is subject to physical
conditions which are unchangeable, and to which the vehicle of
give as to economy of transportation. The obstacle to their use
transportation must be adapted. As Governor Tilden states it, in 1867 was that the machinery, in its then state, displaced too
the rough and stormy lakes require a strong vessel, made sea¬ much cargo to be economical, and was in other respects imperfect.
worthy by its deep keel, fully manned, and of a form intended The progress of invention since seems to promise more beneficial
for speed in an unlimited expanse of water. The canal admits results. If the movement of the boat can be expedited from
of a light keel, and of such a shape and construction that the 1 1-42 miles to three miles per hour, including the time consumed
lake craft of the average size carries less cargo in proportion to in the lockages, the improvement will be of great importance and
the vessel than the canal boat, and costs twice and a half, or three value. The estimate of the able engineer of the Commission on
If the Steam Canal Navigation is, that the cost of carriage of a bushel
times as much as the canal boat per ton of capacity.
canal were made large enough to pass the lake craft, the trans¬ of wheat from Buffalo to New York will be reduced from 8 cents
porter could not afford to use the lake craft on the canal. It to 4 cents. It is rot to be supposed that the inventive genius
carries too little cargo—it is too costly—it would have to reduce applied to this interesting subject is exhausted, and
results shall in any degree fail to be realized by the present
its rate of motion from about eight miles per hour on the lake to
experiments, we may, nevertheless, anticipate more complete
less than three miles per hour, which is the highest aim of the success in the future. With this conclusion of Governor Tilden
the large body of the people of the State will be found to be in
canal boats, now making only 1 42-100 miles per hour. Hence
trans-shipment at Buffalo, with modern machinery, would cost full accord. The financial results of the fiscal years ending Sep¬
tember 30, 1874,1873 and 1872 for the Erie Canal and for the
little compared with the loss incident to uBing an unfit and illy
Champlain, the Oswego, and the Cayuga and Seneca, are as fol¬
adapted instrument. Besides all this, to enlarge the Erie Canal lows :
ERIK.
to dimensions adapted to the movement of such a vessel at the
Year ending
Ordinary
Extraordinary Total expert•
late of less than three miles per hour, would be so inconvenient Sept. 30.
Income.
repairs.
repairs.
diture.
1872
$2,760,147 50
$1,025,079 09
$6Hl,942 02 $1,687,021 11
to the trafic that it would be easier and cheaper to construct an
1873.
2,710.601 49
749,977 03
967,175 39
1,717,152 42
2,672,787 22
701,340 81
973,548 96
1,674,889 77
independent work. That would probably cost a principal sum 1874
which would be greater than the entire
amount now received by the carrier for his services, and by the
State for its tolls on all the existing business. A shorter route
would be likely to be preferred. The Hudson River, from Troy
to deep water, would need a similar reconstruction.
Thus much being^established, the capacity of the canal, as it
now is, becomes the important inquiry.
Boats can be multiplied
indefinitely. The limit to their uses is in the number to which
the locks can give transit. The time occupied in a lockage is the
test. But it is unnecessary to apply that, for the actual results
of experience set at rest every doubt. Of the seventy-two locks
which intervene between the waters of Lake Erie and the waters
of the Hudson, all but a few have been doubled for many years.
In 1867, when the subject was discussed in the Constitutional
Convention, thirteen remained single. For the first time, on the
opening of navigation next Spring, double locks will be brought
into use throughout the entire canal. That will nearly double
the capacity of the canal,to make lockages. The largest delivery
the annual interest on
if these
$5,0*9,063 30
3,064,472 91
Total
$8,143.536 21
Income in excess of disbursements
Average for each year
1872
1873...
1874
1,021,490 97
CHAMPLAIN.
$150,644 28
153,417 86
123,703 5 4
$236,211 47
234,677 37
203,137 90
$251,871 61
562,782 95
242,216 43
$1,730,897 73
$427,765 68
expenditure over income
Average for each year
v.
OSWEGO.
Total
1.303,132 05
434,377 35
Excess of
1374
$90,796 67
88,428 13
70,119 59
$171,794 82
93,938 80
107,938 21
$141,673 94
76,680 58
75,561 21
1374
172,819 39
183,499 50
420,443 36
CAYUGA AND
140,164 45
SENECA.
$38,267 23
' 27,143 43
$59,675 16
expenditure over income
Average for each year.
Total
Excess of
$313,468 76
$669,787 65
$245,344 29
expenditure over income
Average for each year
Total
Excess of
$17,832 58
22,481 11
19,311 47
$488.083 08
797,460 32
445,354 33 .
28,934 08
$26,319 00
6,921 06
28,517 04
$64,586 23
34,064 54
57,451 12
$156,10189
96,426 73
82,142 49
THE CHRONICLE.
January 9, 1875.]
29
Election expenses
NEW YORK CITY EXPENDITURES.
College of the city of New York
We are all deeply interested in knowing what are the sources Contingencies of Departments
Construction, repairs, supplies, and cleaning public offices
of the revenue of the city, and what are the charges against that Printing, stationary, and blank books
revenue.
Only through such knowledge can we be prepared to Repairing and maintaining Croton Aqueduct
School moneys to corporate schools
effect the needed reforms in our unsatisfactory financial con¬
Quite a clear idea of some of the more important of these
facts can be obtained from Mayor Wickam’s admirable message,
dition.
published this week.
It is well known that this
city is raising and paying out in
Repaving ana
J udgments
160,000
150,000
147,750
142.500
187,500
120,000
103,000
100,000
100,000
80,000
75,000
75,000
50.000
repairs to stone pavements
Repairing and renewal of pipes, Ac
Rents
Repairing and cleaning
sewers
Assessments and taxes.on Corporation property
Repairing and keeping in order wooden and concrete pavements.
...
50,000
suggests one inquiry, and tha*
about $35,000,000 per annum. The appropriations
we pay.
The laws under which
1875, as finally determined by the Board of Estimate
this city is required to contribute so largely are so manifestly
and Apportionment, amount to $36,956,472.23, against the total
appropriations last year of $34,822,391.91. The Board of Super¬ unjust that a revision of them should be persistently insisted
upon by the city authorities.
Of the entire State tax, amounting
visors have the right to add an amount not exceeding 3 per cent
to $15,727,482 08 for 1874, this city has to pay $8,012,386, or more
of the tax levy to meet dificiencies in the collection; in 1874 they
added about 1£ per cent. Our revenues for the ordinary pur¬ than one-half of the whole amount, and the law requires that this
sum be paid five months before the city can collect or impose a
poses of the government of the city are from two sources : First,
We have to pay the entire tax, whether it is ever
taxation ; and second, what is known as the general fund—the cent of it.
received by the city or not. That it never is all received by us
latter being a fund made up of all other moneys received by the
city not set apart by law to increase the sinking fund. The largest is shown, for instance, by the annual loss which the city sustains
in the $1,000,000 of personal taxes which cannot be collected.
amount received from the general fund in any one year has been
$3,000,000. Hence it follows that after deducting the $3,000,000 The city is required to raise by tax this year for tlie support of
the common schools of the State $1,381,445 86, and for asylums
to be received from the general fund, and adding to the result the
II per cent for deficiencies, we shall have about $34,500,000 to and reformatories $414,443 76. We support our own normal and
raise by taxation ; and if the valuation remains the same as last public schools at an annual cost of $3,533,000, and although we
never send our children or pupils to other parts of the State, we
year ($1,151,029,176) the tax must be fully up to 3 percent. This
have to pay for the public and normal schools of the State about
certainly is not a comforting assurance to taxpayers. Increase of
taxation at a time when we are all of necessity striving to one third of the entire State tax levied for their support. We
decrease expenses is certainly unsatisfactory.
But there seems maintain our own asylums and reformatories at our own cost,
and at the same time are compelled to contribute one-half of the
to be little hope of rel ief, except in the establishment of a dif¬
ferent system—different in the plan of laying the tax, and dif¬ expenses of all the asylums and reformatories supported by the
State.
How far relief in this matter of State taxation is to be
ferent also in the charges put upon the city.
For the purpose of understanding this latter point, it is neces¬ obtained through the proceedings of the committee appointed at
the last session of the Legislature to investigate and report upon
sary to remember that, of the above final estimate of expenditures
($36,956,472 23), the sum of $21,181,821 83 the city authorities the subject, may be determined when the report of that committee
is presented. But, clearly, some relief should be sought and
have no control over.
These items are as follows :
This exhibit very naturally
relates to the State tax which
divers ways
for the year
$6,630,940 14
1,381,445 86
State taxes
Common school for the State
Interest on the city debt.
Payment of stocks and bonds falling due, &c
Fourth avenue improvement....
Taxable charities
9,3.0,000 CO
1,454,763 S3
l,o98,767 50
825,905 00
obtained here.
Whether any
the
are
of the appropriations made for the government of
Legislature or by contract
susceptible of reduction, must remain a question for future
city, and not fixed by act of the
We have no doubt our new Mayor will give the subject,
promises, his early attention. In the meantime the Legis¬
We thus see that this leaves only a balance of $15,764,650 40.
lature should heed his suggestions, and place the entire legislative
As to the sum of $21,191,821 83, the acts of the Legislature
powers of the city government in the representatives of the people,
under which the appropriations are required to be made are man.
the Common Council, to be exercised subject to the approval of
datory, and the Board of Estimate and Apportionment was a mere the
Mayor. This is a necessary step towards improving the gov¬
ministerial agent in carrying those laws into effect.
Besides this^ ernment of the city. We can govern ourselves, And ought to be
of the $15,764,650 40 remaining, a very considerable portion is for
at liberty to do so.
Errors or wrongs committed can be more
salaries fixed by the Legislature, as follows :
easily detected and remedied here than at Albany. All matters
Police, including Commis^ion-rs and force
$3,147,400 00
Fire, including Commissioners and force
897,600 00 relating to the city government should be fully and freely disclosed^
Mayor, Aldermen, Chamberlain, and heads of departments (ex¬
in order that the influence of the public judgment upon them
cepting Commissioners of Police, Fire and Docks)
229,500 00
Judiciary
897,345 CO may be directly felt. Without this no efficient control in the
Total
$5,171,845 00 Government can exist. To secure this control the powers of the
Common Council should be so enlarged as to make it the real
Another item is made up of salaries fixed by the beads of the
source of all legislation with regard to our local affairs.
departments within the limit of the amounts appropriated to them^
respectively, for that purpose by the Board of Estimate and Ap¬
Columbus Chicago & Indiana Central.—The stock and
propriation, as follows:
Finance Department
$235,000 bondholders held a meeting, January 4, in this city, and reports
Law Department
75,850 were received from the Stock and Bondholders’ Committee,
Department of Public Works
.
140,000 appointed a short time Bince. According to the report of the
Department of Public Parks, estimated
300,000
Department of Buildings
86,500 bondholders, the debt of all sorts amounts to $24,859,724. The
Department of Charities and Correction.
290.500 Bondholders’ Committee stated that, under the amended lease,
Department of Health
137,036 the Pennsylvania
liable
the interest on
Department of Taxes and Assessments
112,300 those bonds for Railroad Company is claims for be liable. The
which the company
to
Mayoralty
1
35,000
Common Council
20,000 Stockholders’ Committee presented a report which contained the
$21,191,821 83
Total
solution.
as
Board of Education
Police Department—Superintendent,
Fire Department—Clerks, &c
2,686,500
56,000
188,400
30,000
Clerks, &c
Miscellaneous, about
$4,393,086
Total
he
following:
“
The “lease and contract” dated .January 22, 1869,and also the so-called
amended lease and contract,” purporting to be dated February 1, 1870, bu
having the acknowledgments to the signatures dated in December following
have been examined with great care, and we are of opinion that theorigina
lease and contract ” was a good and equitable
lease and contract,” fairly
deduct the amounts thus appropriated for State protecting and subserving the rights of all the parties thereto. The so-called
and pretended “amended lease and contract,” we are of the opinion was con¬
taxes, interest, payment of debt, Fourth avenue improvements, ceived in bad faith, was consummated in fraud and ignorance, or under
taxable charities, and for salaries, from the entire appropriations the pressure of threats of legal complications and exposures of questionable
transactions.
of the year, there remains a balance of only $6,199,719 40, which
The report was strongly opposed and, after much discussion, it
is the amount available as a fund for the ordinary purposes of the
was laid
upon the table.
The meeting then adjourned, and,
City Government, among which the following items of special according to the recommendation of the bondholders’ report, a
meeting of the first mortgage bondholders was reorganized, and
appropriations are comprised:
the following resolution was adopted :
Supplies for Department of Charities and Correction, including
$90,000 for outdoor poor
$841,000
Resolved, That the present committee of the bondholders he authorized to
Cleaning streets
.......
800,000
“
If, therefore,
we
793,500
750,000
ries) about
284,000
New apparatus, horses, supplies, buildings, Ac , for Fire Department. 230,000
183,925
Supplies, rents, repairs, construction, Ac.. Police Department.
162,000
Sheriffs, coroners, jurors, and witnesses’ fees
Supplies, repairs, Ac., for public schools.
Lamps and gas
Maintenance and government of parks and places (exclusive of sala¬
consolidated mortgage bondholders and other
$15,821,000 bonds, and that they are hereby
empowered to employ counsel to draft an agreement to be submitted to said
bondholders for approval and execution.
committee for the first
bondholders included in the
act as a
The second-mortgage bondholders
the same committee to act for them.
then met and authorized,
THE
30
RETROSPECT OP 1874.
In taking a general view of the course of business affairs
during the year 1874, we observe as characteristic features, that
FINANCIAL
practiced by all consumers
of merchandise, leading to small profits for merchants and
manufacturers; that good crops of cotton and cereals were made,
but
material decline took place in the prices of three important
a
'
economy
severe
in expenditures was
a
and iron; that liquidations
and adjustments were large, and failures, under the circumstances,
not excessive; that new financial enterprises were practically
dead, and stock speculation was of moderate volume; that the
money market, relieved from pressing demands either for legiti¬
mate
speculative purposes, was remarkably easy throughout.
Reverting to the financial situation at the opening of the year,
find that the country having just passed through the extra¬
articles of
production—cotton, wheat,
or
we
rebound from the
renewed buoyancy in
of
wonderful
without signifi¬
standard by
and
of 1873, there was a general
previous depression, and an expectation of
business affairs which was not really warranted by the facts
the case.
This general anticipation of a rapid and
recuperation from the effects of the panic is not
cance, as it has formed, to a great extent, the
which the actual results of the year have been measured,
accounts, in part, for the disappointment so widely felt among
ordinary crisis
business men.
Court (except on the
test case was carried to
there pending at the
companies, and by the United States Circuit
question of inter-State commerce), and a
the United States Supreme Court, and was
close of the year.
previously been
suspected. The inflation bill, so called, was vetoed by President
Grant; and the second bill, which became a law, established the
amount of United States legal-tender notes at $382,000,000, thus
legitimizing the $26,000,000 of legal-tenders previously issued
by Secretary Richardson ; abolished the reserves required to be
held by National banks against circulation ; provided for redemp¬
tion of bank-notes at Washington; and for the withdrawal and
redistribution of $55,000,000 of National bank-notes already out¬
standing.
consequence of the smaller demand for money, both fo r
legitimate business purposes and for speculation, call loans
during a large part of the year were easily obtainable at 2@3
per cent, and commercial paper of unquestioned character sold
had
1874 and 1875:
FOREIGN
No. 1
Upland cotton
spring wheat.
against
$595,861,248,
against $663,617,147 in 1872-3, showing that in 1873-4 there was
of $57,171,246 in the exports over imports, and in the
previous year an excess of $56,528,651 in the imports over ex¬
ports. This is without taking into consideration the goods in ware¬
house, which amounted to $59,705,753 on the 30tli of June, 1874,
and $77,583,978 in 1873.
The figures below, taken from the
report of the Bureau of Statistics, furnish a complete summary
the trade movement in each month from July, 1872, to June,
an
1874.
light trade
regarded
and only the profits of an exceptionally
wherewith to meet it, the disasters of the year cannot be
as very numerous or of extraordinary volume.
largest failures among shipping houses were
continued depression in petroleum, which sold at 5£c\ on
of January, 1875, against ll£c. two years before.
Several kof the
caused by the
the 1st
In October we prepared a statement of all the railroads then in
default
their bonded interest, and found tho total amount of
bonds thus neglected to be $497,000,000.
This included the
bonds of
large number of companies which had a settlement of
their affairs well in progress and a good portion of their coupons
already funded. Could the precise facts be known, we believe
the maximum amount of railroad interest overdue and
reached in July or August, 1874, and possibly
unsettled
earlier, and the adjustments in progress since that time have
steadily reduced the amount, while the new defaults have been
on
a
Merchan¬ Gold and
Silver.
dise.
Total.
$
$
3,235.677
2,679,579
2,817,034
1,721,745
1,548,936
1,557,225
$
49,325,02! 1,212,504 50.537.533
899,737 52,702,589
August.... 51,802,85-.
2,215,016 49,941,788
September 47,726,77: 10,832,293 57,339,112
46,5 16,81!
October..
39,085,743
November. 34,637,19' 4,448,547
35,653,848
December. 33,433,24'. 2,220,601
627,791 44,503,195
43,875,404
1874—January...
49,954,727
February... 48,548,774 1,405,953
577,109 57.926.534
57,319,425
March
56.565,454 1,095,146 57,660,600
April
49,326,622 1,926,623 51,253.245
May
903,586 49,302,334
48,318,748
June
in new
commonly
and reduce
profound
excitement among capitalists and railroad men. The laws of
Wisconsin were sustained by the State courts in suits against the
the Chicago & Northwestern and Milwaukee & St. Paul railroad
Total, 1873-4 567.406,342
VALUE OF
Mouths.
Av.tra e gold
of
$
$
2.134,628 3,408,916
613,859 1,983,764
1,369,995
296,518 1,500,737
1,204,209
1,389,955 2,273.857 3,663,852
June...:
1179
1165
270,42 i 1,857,481
448,006 1.723.703
616,793 1,8s2,444
1,587,058
1,275,697
1,215.651
1,022,068
1,392,10)
1,687,221
787,935
374,505
870,8.0
656,116
2,238,701
1,789,573 1,359,528
612,387
330,045
1,411.502
321,273
1,166,907
790,865
1,076,451
263,891
1,911,349
324,631
1,400,890
517,513
1,382,810
1,075,198 1,327.889
271,450
1,262,834
248,947
1,658,385
1,605,310 1,512,930
408,898
1,551,028
1,346,955
,
1,810,003
1,766,009
2,558,084
2,894,817
3,149,101
1,959,342
1,741.547
1,488,180
1,867,316
2.175.240
1,725,521
1,900,323
2,403,087
1,534,284
1,907,3 *2
3.118.240
1,959.926
23.780,3.38
28,454,9''6l595,861,24 i 16,849,619 6,930,719
EXPORTS OF
DOMESTIC PRODUCTS.
Specie and
Bullion.
Atlantic
Pacific
ports.
ports.
Merchandise.
Pacific
Atlantic
ports.
ports.
3,512,380
2,721,630
5,%9,091
599,131
183,135
334,647
47,102,257
43,284,530
38,667,706
Total
exports of
domestic.
$1,483,905 $46,834,681
86.657,772
j
May
Total.
1,27*4,288
1143 $15,203,086 $3,471,850 $26,665 840
1872—July
25,005,449
5,531,636
3,640 286
August.. 1-144
26,947.865
569,203
1,887,704
Septem’r 1 135
39,635,425
996,820
2.985,220
October.. 1132
45,940,979
1,156,851
4,729,923
Novem’r. 1-130
45,689,276
448,862
4,227,643
Decemb’r 1-123
49,632 355
611,645
7,254,332
1873—January. 1-126
48,428,187
348,052
3.445,581
1146
February
42,027,136
227,704
3,844,133
March... T154
April.... 1-178
FOREIGN.
10,703,028 28,149,511
31,480,937 663,617,147 17,446,483
Total, 1872-3 642,136,211
and it
found impossible
degree of success in our
amount were sold
without excep¬
undoubted responsibility.
market, where
transactions were on a smaller scale and speculative combinations
important than in previous years.
passed by several of the Western States,
known as the Granger laws, attempting to regulate
the rates of fares and freights on railroads, caused a
RE-EXPORTS OF
Merchan¬ Gold and
Silver
dise.
J line
enterprises was altogether broken,
was
to negotiate new railroad bonds with any
home markets, while loans of very considerable
in London at good prices ; but these had to be,
tion, the obligations of companies of
A similar result of the panic was seen in our stock
far less
in gold :
IMPORTS.
59,497,855
56,262,178
66,880,806
August.... 64,201,227
57,423,517
51,606,483
September
54,424,970
52,703,225
October..
42,428,079
November. 40,879,14:,
43,225,046
December. 41,667,821
826,252 55,411,252
54,585,00:
1873—January....
985,043 .55,118,562
54,133,519
February.
62,736,77» 1,902,269 64,630,045
March
56,332,085 1,286,748 57,618,833
April
56,411,045 j,117,34 i 57,528,391
May
47,617,70*- 1,803,0%? 49,420,791
was
The laws
All the values are
Month.
that
were
excess
of
are
financial crisis, confidence
of the whole
foreign commerce
30,1874, the total exports were $653,032,494,
$607,088,496 in 1872-3 ; and the total imports were
can
comparatively few.
As a natural result of the
UNITED STATES.
ending June
per bush.
per ton.
load to carry
COMMERCE OF TIIE
United States, it
appears that the fiscal year was remarkable in showing an excess
of $57,171,246 in the exports over imports, thus making the
For the fiscal year
‘'balance of trade” so much in our favor.
As to the
peril). $0 16^
$01 14^
1 60
American pig iron, No. 1
,
36 CO
25 22
00
The complete table of mercantile failures during 1874, as com¬
pared with former years, prepared by one of the Mercantile
Agencies, is not yet ready for publication, but the total amount
hardly be considered excessive when all the circumstances
considered. Many houses entered upon the year with large
amounts of paper outstanding on extensions which had been
granted by creditors during the preceding autumn, and with this
Middling
a
moderate rates.
at
1875.
1874.
11887723——JJuulyly
As
on
1st of January,
important part
strength in the party
financial discussions in Congress played an
in the history of the year, and developed a
favoring inflation of the currency which
not
The
alike by all, from the
humblest individual, arose partly
diminished profits of
business or losses on investments, and partly also from a timidity
engendered by the crisis of 1873, which enforced a general lesson
of caution and made all parties resolve to trim in their sails more
closely and be better prepared for any similar storm in the future.
The effect of this economical movement was noticed not only in
small purchases, but also in a demand for cheap grades of goods,
which profits were small. The effect of good crops in the
principal articles of agricultural produce was undoubtedly bene¬
ficial, but even this was partially neutralized, as to wheat and
cotton, by a considerable decline in prices. The following com¬
parison will show the prices of wheat, cotton, and pig iron, on or
rigid economy which was practiced
largest corporations down to the
from a real lack of means occasioned by
The
about the
[January 9,187$.
Cfl&ONICLE.
2,420,401
2,049,983
2,538,477
2,718,873
,
2.288,806
31,454,705
46,155,912
54,546,626
52,654,587
3,513,612
61,011,944
2,608,876
2,411,466
48,510,439
51.830,696
3,596,193
52,809,961
1,243,609
46,215,053
1,072,283
'
47.266,579
$25,946,434 $578,938,985
$59,421,009 $14,484,537 $479,087,005
$45,960,724
$512,343 $34,223,466 $1 162.844
1-156 $10,062,071
39,843,792
1873—July
2,006,064
34,139,786
1,481,6.58
2,216,284
39,997,588
August.. 1-154
2,386,999
34,575,903
442,593
Septem’r 1-127 2,592,093
3,152,214 51,770,698
45,542,356
371,181
2,704,947
October.. 1-089
55,731,894
3,746,407
47.816,820
1,258,665
2,910,002
Novem’r. 1-086
8,372,668 62,417,163
56.389,298
290.679
2,364,518
Decemb’r 1-101
65,115,913
3,672,746
548.736
58,265,245
2,629,186
1874—January. 1-114
2,708,648 51,810.520
46,425,567
534,581
2,141,724
54,961,058
February 1-123
1,293,212
50.907,160
349,302
2,411,384
March... 1121
61,794,714
1,370.710
47,070,275
943,252
2,410,477
57,597.983
April.... 1134
1,941,273
43,315,220
1,699,096
1 124
10,642,391
May
42,979,546 1,088,043 52,250,109
612,319
7,570,201
1-113
Total, 1872-3.
.
...
June
Total, 1873-4.
$27,901,828 $629,252,156
$50,655,281 $9,044,405 $541,650,642
January 9, l8?5.)
THE GflEONlCM
The
proportion of imports, consisting of dutiable and free
goods respectively, and the amounts brought in foreign and
American vessels, were as follows:
•
*
,
1874.
1873.
Total dutiable
Total free of duty
$415,924,580
Total Imports
Entered for immediate consumption
Entered for warehouse
Entered for immediate transportation
Brought in cars and other land vehicles
Brought in American vessels
$595,861,248
$411,629,504
177,494,432
6,737,312
$14,513,335
179,936,668
...
The details
of
$663,617,147
$433,514,716
220,460,1x5
9,642,896
$17,070,548
174,739,8:34
471,806,765
77,583,978
176,027,778
405,320,135
:..
Brought in foreign vessels
Remaining in warehouse June 30
values
$497,320,326
166,296,821
59,705,753
...
the
shipping movement were as follows, the
given being mixed—currency for merchandise and gold for
specie:
—Domestic
1873.
1874.
1873.
$
$
$
Shipped in cars & other land vehicles 5,645,265
7,785,075 2,863,940 3,014,355
Shipped in American vessels..
166,107,880 163,110,634 8,425,336 8,456,124
Shipped in foreign vessels
521,394,909 478,236,854 12,491,062 16,679,032
sold
693,148,054 649,132,563 23,780,338 28,149,511
5
>
BANK MOVEMENTS.
The condition of the banks of the country, and
particularly of
those in the principal cities, was not watched with the
deep
interest of the previous year, as the easy condition of
monetary
affairs enabled them without difficulty to maintain the reserves
required by law. On the 20tli of June, 1874, the law went into
effect which released the banks from the
obligation to keep any
legal tender reserve against their circulation; providing for the
redemption of national bank notes by the Treasury at Washing¬
ton, and requiring the banks to keep a deposit there equal to five
per cent of their circulation, which deposit might be counted as a
part of the reserve required against deposits. Of the practical
working of this provision, the Comptroller of the Currency spoke
as follows in his annual
report: “The Treasurer, on June 25tli
last, issued a circular to the national banks, requesting them to
deposit 5 per cent on their circulation with him, as provided in
section 3 of the act of June 20; and on the 1st
day of August
nearly the whole amount ($16,524,583) had been received, since
which time the banks have, witli but few exceptions,
promptly
responded to tbe requisitions of the Treasurer. Some delay
occurred in the office of the Treasurer at the outset, on account
of a lack of force and the difficulty of
assorting; but tbe work
of purifying the currency is now in successful
operation, and
since the passage of the act $19,773,320 of mutilated notes have
been delivered by the Treasurer to the Comptroller for destruc¬
tion.
The redemption, or, more properly, the
exchange of
408,916
983,764
500,737
663,852
857,481
723.703
8S2.444
810,003
mutilated national bank notes for
new
large amounts until the national bank
766,009
558,084
issues will continue in
notes
shall have been
rendered fit for
circulation, when the demand for such exchange
depend almost entirely upon the demand for legal tender
notes by tbe national banks as a reserve, which demand, as lias
been seen, lias been largely reduced by the provisions of tlie new
act.” The law also provided for the deposit by any national bank
of lawful money witli the Treasurer and the withdrawal of the
bonds on deposit as security for its circulating notes, but not to
reduce the amount of bonds below $50,000.
It further provided
for the withdrawal of $55,000,000 from national banks in States
894,817
,149,101
will
,149,511
,959,342
,741.547
,488,180
,867,316
1.175.240
,725,521
,900,023
[,403,087
1,534,284
[,907,302
1.118.240
which
had received
more
than
their
proportion, and its
re¬
distribution to national banks in States which had received less
than their proportion, upon an apportionment made on the basis
1,959.9*26
4780,338
of
population and of wealth, as shown by the census of 1870.
On this the Comptroller remarks: “The total circulation out¬
standing on Nov. 1, 1874, including the amount ($3,136,094) due
to banks for mutilated notes destroyed,
was $351,927,246, leaving
$2,072,754 yet to he issued of $354,000,000 authorized. Since
the passage of the act of June 20, 1874, forty-six national banks
have been organized, with a capital of $4,019,000, to which
circulation has been issued amCttnting to $1,842,650.
The
Total
>orts of
unestlc.
[6^824,681
16.657,772
[1,454,705
16,155,942
>4,546,626
>2,654,587
amount of
51,011,944
54.830,696
48.510,439
52,809,961
47.266,579
46,215,053
78,938,985
f
to
come.
As
”
showing the condition of the New York City Clearing House
banks at, or about the commencement of each
quarter, and at the
end of the year, the following
summary is furnished of their
statements nearest to the dates named, in four
years past:
1874.
January 1.
1873.
Loans and discounts.... $258,094 500
Specie
Circulation
Net deposits
.
Legal tenders
1872.
$274,572,400
23,514,300
27,156,100
195,152,100
44,664,000
17,241,300
27,573,000
198,529,600
41,119,600
270,767,400
16,179,100
26,726,400
21,384,700
Legal tenders
239,730,900
60,585,100
27,635,700
193,508,700
38,729,800
28,019,400
203,058.800
41,649,700
Loans and discounts....
281,791,500
July 1.
Specie
Circulation
Net deposits
Legal tenders
...
19.714,300
26,511,300
232.929,200
62,923,200
281,506,000
27,661,500
27,311,400
224,040,800
49,119,000
SEPTEMBER
Loans and discounts....
Specie
Circulation
Net deposits
Legal tenders
Loans and discounts
Specie
Legal tenders
27,414,200
23,514,300
27,156,100
195,152,100
44,664,000
274,572,400
17,241,300
27,573,000
198,529,600
41,119,600
279,534,000
25,049,500
highlyjinteresting comparison of the condition
1802 and in 1874, is furnished below
now at
the
disposal of the Comp¬
placed at his disposal, for distribution
from these different sources, is as follows:
or
hereafter to be
The portion of the $354,000,000
authorized, remaining unissued
Notes of banks which have deposited lawful money for withdrawal
of circulation
Notes in circulation of banks in liquidation
Total
$2,072,754
.
-
7,714,550
6,492,285
$16,279,589
9,572,100
30,301,200
237,127,400
58,428,300
28.542.800
200,400,800
40.282.800
of banka in
:
Comjmrative table, ecchibitvig by Stales the bank circulation, the amour t per
capita arul the ratio of circulation to wealth and to capital, previous to the
organization of the National banking system and in 1874.*
Bank Circulation.
Maine
New Hampshire....
Vermont
Massachusetts
Rhode Island
Connecticut
Total East. States.
Circulation
per capita.
Ratio of Ratio of
cir’n to
clrc’n to
wealth.
capital.
1862.
States
and
Territories.
1862.
1862 1874 1862. 1874.
$6,488,478
4,192,034
5,621,851
•28,957,630
6,413,404
13,842,758
1874.
4,707,365
6,898,440
59,051,019
13,269,820
17,831,798
12 8G
17 84
23 52
36 73
30 08
$65,516,155 $109,705,018 $20 90 $31 45 3.5 2.7 51.7 67.4
8,172,398
27,689,504
'678.340
6,649.030
Maryland
Total Mid. States
$1,462,291
w3j615j282
12 41
2,385,430
North Carolina
South Carolina....
12
11
10
11
24
95
2S
88
2.1
1.7
0.9
1.1
1.5
1.8
36.0
99.8
1 l 106 8
1.3 176.2
1.4 54.9
84.4
67.3
2.0
1 0
53.1
64.2
2I
1 1
0 9
is6!2
1 9
54.7
79.8
78 1
w
19,817,146
Virginia
West Virginia
11, i 92,810 12 16
42,092,711 i 9 53
1,285,975 J6 04
9,282,327 i 9 6s
$82,372,091 $123,052,872 $9*97 $12 66
Distr’t- of Columbia.
5,218,598
Florida
Georgia
6,089,036
8,311,728
116,250
Alabama
5,055,222
1,824,545
2,167,420
2,259,575
27,000
1,380,003
4,876
8,402,475
5 26
8 65
7 86
83
5 24
$11 13
2
5
1
3
1
96
39
70
07
90
14
70
1 2
1.4
1.1
1.3
0.1
1.0
0.7
1 0
0.8
0.1
0
91.9
111
’66;3
40.7
50.2
27. S
0 6 101.5
82.9
69.1
79.7
33.7
84.9
6 o
1 38
01
4 70
09
f0
6 31
2 43
3 4-
0.9
0.8
1.0 51.1 76>
0 5
70 8
0 1
118 9
1.3 65.5 83.2
0.7 127.4 86.0
0.4 35.9 64.3
$71,098,408 $36,895,704 $6 17 $2 81
1.1
0.7
66.3
79.5
0.7
1.3
0.1
0.0
1.0 159.6
1.1 150 9
0.8 31.4
1.0
0.4 53.8
0.7 156.5
1.6 62.4
0.8
5.3
1.3
80.8
8U8
72.0
84.7
89.4
76.3
85.1
87.4
09 125.4
80.8
18
2 47
0.4
o o
90.0
54,000
267,900
15 26
4 60
5 90
12 95
5 92
2 91
3.0
2.4
1.3
1.7
0.7
0.8
71
88
88
76
48
45,000
3 17
0.7
90
$1,962,708
2 00
0.1
79.3
Mississippi
Louisiana
8,876,519
Texas
12 54
817,700
243395
Arkansas
Kentucky
9,035,724
8,335,601
7 82
Tennessee
4,540,906
Missouri
4,087,277
3,061,232
5,908,379
4 09
3 42
Total South’n and
Southw'n States
..
$9,057,837
6,782,890
619,286
131,087
Michigan
Wisconsin
Iowa
Minnesota
Kansas
Nebraska
1,643,200
1,249,000
198,494
2,770
Total West. States
California
Colorado
Utah.
Idaho
Montana
23,605,633
14,905,266
16,635,201
7,389,878
3,231,986
5,602,869
3,393,501
1,514,621
895,900
3 87
5 02
36
17
2 12
1 85
1 15
as
0 6
0.5
06
Grand total of States
and Territories
$238,671,210 $348,791,152
...
4 69
$19,684,564 $77,174,850 $2 49 $6 86
266.795
Total Pacific States
and Territories..
86
09
55
24
06
i.3
0.4
0.0
399,659
88,300
New Mexico
Arizona
Dakota
8
8
6
6
3
6.6
1.5
7 71
4 16
7 28
608,190
Wyoming
*
p.c. p.c. p. c. p. c.
3.4 2.2 81.3 80.8
2.6 1.0 85 3 87.7
4 6 2 9 143 7 82 5
3.5 2.0 42.8 63.5
61 05 4.7 4.4 30.7 64.7
33 18 3.1 2.3 63.5 70.0
14 79
20 87
40 52
$39,182,819 $59,299,049 $10 10 $13 53
New York
New Jersey
Ppnnsvl van ia
Delaware
Ohio
Indiana
Illinois
1874.
$7,946,576 $10 33 $12 67
7,864
The amount of circulation
16,526,451
30,494,457
248,308,698
71,848,826
309,164,700
225,000
of national bank notes.
54,951,400
296,237,959
280,845,300
12,399,500
27,668,100
201,127,800
44,467,000
2436,840,800
198.040,100
64,804,800
34,307,900
December 31
284,209,800
258,094.500
49,643.600
221,469,200
24,622,600
289,002,800
22,795,500
27,416,100
232,387,900
20.
278,421,700
18,844,600
17,974,000
Circulation
Net deposits
A
280,569,200
19,952,100
25,638,600
Oregon
troller
291.082,927
17,975,692
31,575,789
222,138,095
53,270,543
274,348,700
Circulation
Net deposits
Nevada
“
$263,417,418
20.828,846
32,153,514
188,223,995
45,245,358
Specie
previously organized is $3,707,000. Applications have been made
for the organization of sixty-four other national
banks, with a
capital of $5,110,000, and a circulation amounting to $4,509,000
has been assigned to these proposed organizations.
Under
section 4 of the act of June 20, 1874, $7,714,550 of
legal tender
notes have been deposited for tbe purpose of
withdrawing from
same amount
1871.
$270,534,000
25,049,500
28,542,800
200,400,*-00
40,282,800
286,177,500
25.439,300
circulation still due to these banks and to other banks
circulation the
629,252,156
probable that of the notes of banks whose circulation is
being retired, a sufficient amount will be returned and destroyed
to supply all applications for new
organizations for some months
Loans and discounts....
$
Grand totals
It is
April 1.
Foreign
1874.
“
31
$7 5°
$9 01
1.5
1 1
81 fi
5
8
3
2
2
89.3
58 9
6
69.9
The circulation of the State banks in the year 1862 has been obtained from
of the report of the Secretary of the Treasury on the condition of the
banks at the commencement of the year 1863. The returns from Delaware,
Maryland, Louisiana, Tennnessee and Kentucky were not complete. The
aggregate amount of State bank circulation reported at that time was much
greater than at any previous period.
page 210
[January 9, 1875
THE CHRONICLE
32
these several influences money accumulated in New York, and
the Comptroller of the Currency supplies the
early in February call loans dropped to 3@5 per cent, and then
following valuable table exhibiting the amount of liabilities and in
May to 2@4 per cent, and so continued, with but slight varia¬
reserve held by the National Banks in New York city, at three
tions throughout the year.
Commercial paper was proportion¬
periods of each year, from 1870 to 1874:
ately low, and during the last eight months there was a demand
NEW YORK CITYat 5<a)6 per cent for more paper of strictly prime quality than
The
report of
Cfc
74 81
|
'd
Liabilities.
X
6
o'
deposit
Circulaton. j
V.
O
Sm
«
X>
a
*
34-2
33 5
54
54
54
June 9, 1(~70
Octobers, 1870.
329
81*8
54
April 29, 1871...
31-0
30’6
June 10, 1871...
October 2, 1871
54
54
April 19. 1872...
June 10, 1872...
Octobers, 1872.
51
51
50
April 25, 1873...
49
49
48
1873...
June 13.
Sept. 12, 1873...
May 1, 1874
....
1674...
June 26,
October 2.1674.
0)
>
$
&
Resrv.
agents.
Speci . Otlier money.
law¬
|
1
>
i
1
offered in the market.
The
hReesldrv.e Roatifo fDuerom
'
Total.
was
48
48
48
28-6
283
281
28-0
277
282
272
262
253
220 3
223 4
192 7
1661
189 9
159-8
226 9
24.2 0
2219
195-1
2110
191-3
200 6
225 2
1861
172 0
196 9
1580
191-6
2142
200 2
163" 6
1S6 5
172-0
234 8
232-6
229 9
207-6
206-4
204 6
551
55 9
48 2
567
60-5
55*5
723
328
72-4
324
28-5
549
657
766
592
290
31-7
267
...
.
•
•
%
18-8
91
11-9
11*4
8-7
ful
Friday.
Jan'y 2
9
16
23
30
53" 6
45 8
538
65-2
50-5
50T
563
465
47-9
536
500
58-7
58-1
575
534
65-6
454
47 3
644
469
713
71-8
683
11 9
24 7
30 1
23 "4
30 4
30 9
29-7
....
.....
41-5
15-2
64
26 6
29-1
24-4
50 4
131
23-6
14 6
25-0
15 5
144
39-0
April
342
40 8
323
May
56-Q
539
This was
shown in
sold at a premium, in January, 1802.
free from manipulation for specula¬
tive purposes, and the volume of transactions at the Gold
Exchange much below 1873 or 1872 The export movement of
the year was considerable, the total from New Yo"k comparing
1870
imports of specie at New
follows with previous years :
The
.
.
6
July
1869
1868
1667
1865
e
York for the year
3
.
3
5
3.
3
3
4
3
3
3
3
3
3
2
2
2
2
2
2
2
.
.
.
.
.
.
.
1
12
19
26
.
.
.
.
.
.
.
.
.
Paper.
8 ,@9
7 @9
7 ©8
6
6
compared as
17
24
ll
m
Aug.
514 @6
5}4@6
mYi
554@6
6
©7
6
@7
fe5
@5
@5
@4 >a'
@5
@7
@5
@4
@4
@4
@4
@3
@3
@3
@3
Sept.
Oct.
5>*©7
@7
@7
@7
@6
©6
45*@6
4l/,@6
5
@6
5 @6
5 @6
6 @7
6
2*/,©5
4
11
18
25
Call
Loans.
2 @3
2 @3
2 @3
3 @3
2 @3
2
2
2
2
2
2
Nov.
Dec.
@3
@3
@3
©3
@3
m
©254
2»/t(5 5
2 54 @3
254(54
2^@4
2 ©3
2 @3
2 54 @4
3 @4
2 @354
3 @5
2 @4
3 @5
2
2
9
16
23
30
5‘4@7
6
6
5
5
7
14
21
28
m
5!4i6X
for
6
13
20
27
4
11
18
24
31
2
3
©4
@7
Prime
Paper.
...©5
...©5
...@5
5 @6
5 @6
5 ©6
5 ©6
4?/,© 6
6U©734
654@754
554©654
5 @5*4
5
@7
554©7
5 54 ©7
5 @554
5 ©6
5 ©6
5 @6
5 ©654
5 @654
5 54 ©6 54
5?4@6
6 ©6*
5 54@6
6 @654
STATES SECURITIES.
United States bonds
had no support during
purchases by the Treasury
Department, which in
former years had be^n
influences that went to
$32,108,443
70,841,599
51,001.948
62,553,700
Friday.
July 10
61,(5'8
UNITED
1874 from
Week end’g
5
@5
@4
The market for
previous years :
$(’>2,458,440
49,303,185
71,545,215
63,865,547
58,689,171
.
8
15
22,..,
29
46 "3
any year since gold first
The market was unusually
1874
1873
1872
.
10
17
24
only 5f per cent
the 28tli of July and following days.
the smallest variation in price which has yet been
follows with
.
20
27
June
lowest 109 on
as
.
13
throughout the
year, the liigliestjprice being 114f on the 15th of April, and the
premium on gold varied
.
13
20
27
Mch.
6 @1-32
5 @7
5 @7
5 @6
3 @6
3 @6
3 @5
3 @5
3 @5
.
Feb’y 6
Prime
Loans.
.
the rate for call loans and
commercial paper in each week of the year :
Call
Week end’"
GOLD.
The
following table'will show
prime sliort-date
MU's Mil's Mil's.
Mil's. Mil's. MVU'ns Mil's. MU's. p. c.
47-8
24-5
.
March 24, 1670..
Z
Net
a
of
reserve.
"5
5
Dates.
Classification
jB
■
important an element among the
establish prices. The superiority of
so
however, had been more forcibly demon¬
panic of 1873 than ever before, and the home
demand from savings banks, insurance companies and other
financial institutions, during the year 1874, was of very large
amount, and gave strong support to the market.
The import of
a moderate amount of bonds from Europe in the latter part of
Government bonds,
strated in the
the year was a new
and interesting feature.
'The amount so
brought back was roughly estimated by some of -the leading
dealers in governments at $8,000,000, and the fact that the
bonds were not only absorbed by the home demand, but that
$6,264,464 I 1870
$11,581,771 prices also advanced in the face of the new supply, did some¬
18,779,929|1869
14,318.725 thing to modify the notion, which had been a sort of
5,547,311 ! 1866
7,163,071
8,618,290|
bugbear, that disaster would necessarily attend the first “ return of
In the table above given, showing the total foreign commerce
our bonds from abroad.”
Shortly after Secretary Bristow assumed
of the United States, for the fiscal year ending June 30, will be
charge of the Treasury Department, he issued a circular
found the exports and imports of specie and bullion for the whole
1874,) inviting proposals for all the U. S. 5 per cent funding loan
country—the Atlantic and Pacific ports being separately
then remaining unsold, amounting to $178,548,300; in response to
financial
1673
1872
1671
(July 2,
stated.
FOREIGN
EXCHANGE.
undisturbed by any violent shocks,
causes,.and rates in New York
for sterling bills tvere unusually steady, and during a large part
of the year, very firm.
Under the present method of quoting,
the specie shipping point is about 4.904 for demand bills; and, as
appears by our table of quotations for the year, the rates reached
this point for a considerable length of time in June and July, and
again in November and December, leading to considerable ship¬
The
foreign exchanges were
either from
political or financial
received for $75,933,550, including one for
$55,000,000 from Messrs. Rothschild & Sons of London, and
Seligman & Co. of New York. Of the home bids, $10,133,550
were accepted, and subsequently, after some negotiation,
the
Secretary of the Treasury made a contract with the firms just
mentioned, on the 28tli of July, to take positively $45,000,000 of
the bonds, with an option on the whole balance till Jan. 31, 1875.
The Secretary gives the following as substantially, the terms of
the agreement: “ The contracting parties to have the option of
which, bids were
31,1875;
the
of
the before-mentioned amount—$45,000,005—on the 1st day of
$57,171,246, thus placing
August, 1874, and to subscribe for the remaining amount—
in favor of this country.
London footed up no inconsiderable amount, and on the other $30,000,000—at their pleasure, in amounts of not less than five
millions each, prior to the 31st day of January, 1875.
The
side of the account there was a return movement late in the
contract aiso allows the parties the exclusive right to subscribe
year of United States Government bonds to this country, which
estimated by some of the most competent judges here to for the remainder or any portion of the five per cent bonds
authorized by the acts of Congress aforesaid, by giving notice
amount to about $8,000,000.
thereof to the Secretary of the Treasury prior to Jan. 31, 1875,
MONEY MARKET.
The agreement, on the part of the Secretary of tin1; Treasury,
The course of the money market during the year was one of with the
parties before mentioned, is to issue calls of even dates
remarkable ease. New financial enterprises had been paralyzed with their subscriptions for the redemption of an equivalent
by the panic, and stock speculation was greatly diminished, amount of six per cent five-twenty bonds, as provided by the act
while the demand for money for mercantile purposes was also of
July 14, 1870. The subscribers agree to pay for said five per
materially curtailed. The legal-tender circulation had been cent bonds, par and interest accrued to the date of maturity of
increased from the previous year by $26,000,000, which, as a each call, in gold coin, United States coin coupons, or any of the
in the National banks, formed the basis of over four six
per cent five-twenty bonds called for redemption; they also
times that amount of liabilities in deposits and circulation; and
agree/to defray all expenses ineurre 1 in sending bonds to London,
the 20tli of June the law went into effect which abolished
upon their request, and in transmitting bonds, coin, United
altogether the reserve required to be held against circulation, States coupons, or gold coin, to the Treasury Department at
thus releasing an additional $20,000,000 of greenbacks to be
Washington, D. C. On account of the subscriptions of Messrs.
available for reserves against deposits or for circulation. Under
the
will be
of
the “ balance of trade” to that extent
The American railroad loans placed in
From the statement of the commerce of
United States for the fiscal year 1873-4, given above, it
seen that there was an excess in the exports over imports
ments of
coin.
was
THE
reserve
on
of the loan, viz: $122,688,550, until January
to be allowed one quarter of one per cent commission upon
amount taken, they agreeing to subscribe for fifteen millions
the balance
January 9, 1875J
unknown to the
Rothschild and Seligman, and their associates, and those of home
subscribers, calls for six per cent five-twenty bonds of the loan of
Feb. 25, 1862, have been made as follows:
^
August 1, 1874.........
September 1,1874
...
In the New York market it
new
15,000 000
our
in prices for the whole year 1874, and the amount
outstanding at the close of the year, were
Coup on.
Registered.
$193,257,650
Highest.
120% May 27
July
122% Dec. 28
July
7,794,700
6s,5-20s. 1862
Nov.
118% April 29
6s, 5-20s, 1864
Nov.
25,998,750
120% April 29
6s, 5-20e, 1865
Nov.
33,762,900
121% April 15
57,125,250
6s,5-20s, 1865, new, coup.114% Jan.
121% Dec. 28
88,052,450
6s, 5-20*, 1867
coup. 114% Jan.
122% Dec. 80
5 20s, 1868
6s,
14,004,000
coup. 114
Jan.
121% June 22
5s, 10 40s
reg. 109% Aug.
115% May 22
141,272,350
10-40s
5s,
coup.111% Sept. 25,116% Feb. 28
5s, funded, 1881....coup.Ill
Jan. 2ill7 April 28
195,454,800
6s, Currency
64,623,512
reg.114 Jan. 6|119 Nov. 23
The range of securities in London was as follows
6s, 1881
6s, 1881
reg. 115%
coup. 116%
coup. 110%
coup. 113
coup. 114%
old
105%
106%
103%
102%
Oct.
Dec.
Feb.
Jan.
Lowest.
16
15
32,994,050
118,771,450
145,537,850
222,570,300
State
53,294.950
166,243,100
Financial Chronicle of Nov.
14,
Feb.
19
110% June 18
106% Aug. 1
105
May 20
article
The range
compared
of
few active bonds for the
a
year
1874,
was
Lowest.
-
*
.
..
*52
*50
18%
16
37
50
8%
7
Sept. 21
Sept. 17
Ang. 21
Jan. 6
Nov. 11
Feb. 17
Sept. 22
April 28
90% Jan. 2
Range after June 27, 1874.
RAILROAD BONDS.
as
in prices of the most active stocks sold in New
follows in the years 1874 and 1873 :
Wabish
Northwest
18%
34%
>
rref
Rock Island
St. Paul
51
Highest.
63
June 27
63% June 27
31% Nov. 12
21% M’ch 21
Jan.
30
58% Dec.
8
42
13
81
99
Nov. 10
Dec. 31
Dec.
7
do
92%
31%
pref
48
Atlantic & Pacific pref. 10%
Ohio & Mississippi .... 22%
Central of New -Jersey. 98
Del., Lack. & Western. 99
Hannibal & St. Jo
22%
Union Pacific
23
Col. Chic. & I. C
8
Panama
101
68
Western Union Tel
York,
.ir-^-Whole year_1878.
Highest.
Lowest.
11 77% Nov.
Sept.
18 90
15 35% Nov.
16j 57% Nov.
Dec. 29 55% Jan. 16 32% Oct.
July 15 62% Jan. 9 31% Oct.
Nov.
Sept. 10 18% Feb. 9 53
June 19'109% Feb. 9 80% Oct.
May 18 49% Jan 10 21% Nov.
May 5 74% Feb 9 43% Nov.
Sept. 3 22 Feb 16; 10 Nov.
N. Y. Cell. & Hud. R... 95% May 19 105%
Harlem
118% Jan. 7 134%
F.iie
26
Dec. 10 51%
Lake Shore
67% June 19 84%
do
-1874.
6s Tennessee, old, ex coupon
6s Tennessee, new, ex coupon
6s North Carolina, old
6s North Carolina, new
•6b Virginia, old
6s Virginia, consolidated
6b Virginia, deferred
6a South Carolina, Jan. and July
68 Missouri, long bonds
less agitated by
was
r-—Whole year 1874.
Lowest.
Highest
and the total bonds in default were
$164,732,000, of which $54,174,000 was estimated to be held
as
Dec. 1
109% Dec. 10
the close of the year.
waH
estimated to be held abroad ;
The range
follows :
112
violent fluctuations, and
by speculative combinations than for many pre¬
vious years.
The course of prices was thus left to be governed
more by natural causes, and by the actual values of the several
stocks as indicated by the financial condition of their respective
The prices of dividend-paying stocks were well
companies.
maintained, particularly in the last half of the year, and a con¬
tinued confidence thus evinced in the old and well managed rail¬
road properties of the country.
Railroad earnings showed in
most cases a material falling off as compared with previous years,
so far as their gross
receipts were concerned, but a great
economy in working expenses, which made the net earnings of a
number of the prominent lines equal to, or greater than, those of
the preceding year.
The Granger agitation at the West was
among the principal influences calculated to depress the values of
railroad securities, and at one time the prices of those stocks
which were calculated to he directly affected by the laws passed
in Wisconsin and other States, were materially depressed ; the
test suit in the United States Supreme Court was still pending at
published at length upon the subject of State finances and de¬
faults, and it appeared from the tables there given that the total
State debts ^mounted to $382,970,517, of which $92,924,000 was
abroad.
July 22
Jan. 6
less influenced
110
an
Apr. 7
Dec. 1
RAILROAD AND MISCELLANEOUS STOCKS.
finances the
and
105
The stock market
principal event of the year was the
resumption of full interest on her bonded debt by the State of
Tennessee, in accordance with the funding law passed in 1873.
In South Carolina and Louisiana funding of the old debt under
the new “ scaling ” laws in those States progressed slowly. In
North Carolina the suit against the State Treasurer to compel
him to apply certain funds to the payment of interest on the
special tax bonds, was decided in the United States Circuit Court
against the bondholders. In Alabama nothing was done in regard
to the State debt beyond the appointment of commissioners, just
at the close of the year, to confer with State creditors, examine
into the legality of the several issues of debt, and adjust and set¬
tle matters, subject to revision by the Legislature.
In the Com¬
mercial
110
Pittsburgh Fort Wayne & Chicago 1st mort. 7s..103
Chicago Rock Island & Pacific 1st mort. 7s
101
23,470,000
STATE BONDS.
In
Highest.
97 Dec. 31
94% Dec. 31
90% Dec. 30
95 Dec. 31
87% July 27
81 July 15
do
Land grant 7s
75 May 21
do
Income 10s (due September, 1874) 73% Jan. 9
Erie 1st mortgage 7s
101 Jan. 5
Central of New Jersey 1st mortgage 7s
102% Feb. 3
Highest.
16
17
a renewed demand for this class of
home purchasers. The range of prices for
bonds during the year, was as follows:
indications of
Central Pacific 1st mortgage 6s, gold
Union Pacific 1st mortgage 6s, gold
$89,478,700
103,322,050
Lowest.
United States 6s, 5-20s, 1865.
United States 6s, 5-20s, 1867
United States 5s, 10-40s
New funded 5s
In the latter part of the year the prices of the
railroad bonds advanced materially in New York,
investments among
a few of the leading
-Amount Jan. 1. 1875.—,
1874.
impossible to place any
considerable amount of
a very
reproach.
and gave
follows:
Lowest.
had resumed payment
was placed, but these were almost invariably the bonds of
soundest railroad corporations whose financial standing was
best class of
of each class of bonds
as
almost
was
bonds; in London, however,
above
$55,000,000
Total
one company
bonds
10,000,000
5,000,000
November 2, 1874
public; and
regular interest.
of its
$25,000,000
October 1, 1874
The range
33
THE CHRONICLE.
Mch.
Feb.
Jan.
Jan.
~
5 106% Feb. 4
19 140 Apr. 1
7 69% Feb. 4
1 97% Feb. 15
15 75% Jan. %
14 85 Feb. 4
8
Feb.
91
June 17 36 Jan 10
Jan. 3 109% Feb 10 85 Nov. 10; 106% June
June
Jan. 2 112% Feb 10 79% Nov. 1!106
52% Feb.
Sept 7 34 ‘i Jan 12 15 Nov.
39% Jan.
June 17 38% Mch. 30 14% Nov.
43% Feb.
Sept. 3 3*J% Mch. 30 16% Nov.
Jan.
130
Apr. 2 118 Jan. 9 77% Nov.
94% Feb.
Apr. 24 83% Dec. 10 43% Nov.
22% Apr. 28 36% Nov. 24 18 Sept. 30 46% Jan.
Quicksilver
29
do
pref
Pacific Mail
3
14 117% Mch. 11
1 62% Apr. 21
7 79% Jan. 24
15 38% Jan. 29
21% Oct. 14 49% Jan. 24
June 29
33% Dec. 21
48
Nov. 27
Feb.
Nov. 6 57
Oct. 15 76% Feb.
Nov. 3 100% Jan.
76
8
Nov. 1 70% Jan.
41
Jan. 6
44% Oct. 15 82
Jan. 29
56
Sept. 30 86
25
51% Sept. 30 25
120
Nov. 13
7
7
4
11
6
6
2
1
7
29
92% Jan. 18
Express
department of financial affairs were transactions attended American Express
58% Jan. 2 65% Dec. 1
United States Express. 60
Sept.28 73 Feb. 9
with greater interest than in the matter of railroad adjustments.
Wells, Fargo & Co
69% Jan. 5 84 Nov. 30
In January, 1874, the total amount of railroad bonds on which
interest had been passed footed up the large sum of $386,403,668,
GOVERNMENT SECURITIES FOR THE YEAR 1874.
including a considerable amount of bonds which were in default
(Compiled from all sales made at the New York Board).
prior to the panic of 1873. In October, 1874, our statement in
5s ’81
Coupon Bonds.
the Chronicle made the total amount $497,807,660, or about
fund 6s '81 6s'81 5-20s 5-2Cs 5-20s 5-20s 5-20* 5-20s 13-40s 10-40s 6s
coup. reg. coup. 1862. 1864. 1865. 1865n. 1867. 1868. reg. coup. cur.
$111,000,000 larger than in January, a large part of this increase
January—
having accrued from the default of a few roads for large amounts, Open’g 111 H6% 11*% 113% 115 115 116 J15 116% 111% 113% 114%
118 113 114% 115%
such as the Atlantic & Great Western for $23,000,000, the High’st 113% 117% 118% 114% 116% 117% 116% 118
115% 117
114% 115
111% 113
114
Lowest 111
112% 114
115
116
Indianapolis Bloomington & Western for $12,000,000, the Colum¬ Closing 113% 117 118% 114% 116% 117% 116% 117% 117% 112% 114% 115%
February—
bus Chicago & Indiana Central for $5,000,000, and several other
O en'g 111% 117% 118% 115% 116% 116% 116% 117% 117% 110% 114
115%
roads for considerable amounts.
But it should be clearly under¬ High'st 114% 120% 121
118% 120% 121% 119% 120% 120% 113% 116% 116%
Lowest 111% 117% 118% 115% 116% 116% 116 i 117% 117% 110% 114
115%
stood that the compilation in October was made without any Closing 114% 119% 120% 117% 119% 121% 119% 119% 119% 113% 116% 116%
March—
regard to settlements with bondholders which were then pending,
Open’g 114% 119% 119% 117% 118
120% 118% 119% 118% 112% 112% 116%
and which had progressed so far with many companies that a High'st 115% 119% 121
118% 120 12 % 119% 120% 12.1% 115% 115% 117
Lowest 114% 118% 119% 116% 118
119% 118
118% 118% 112%
115%
good part of their coupons had already been funded. As to the Closing 115% 119% 121 117% 119% 120% 119% 120% 119% 114% 112% 117
115%
actual amount of interest overdue and unpaid at anyone time, the
April—
117%
maximum was probably reached in July or August, 1874, and the Open’g 115% 119% 121% 118 119% 120% 119% 120% 119% 115 115
High’st 117
120% 122
118% 120% 121% 120% 120% 120% 115 115% 117%
amount has since been steadily diminished by the progress of Lowest 115% 119% 120% 117% 119% 120% 119
119% 119% 114% 114% 116%
120% 122
118X 120% 121% 120% 120% 120% 114% 115% 116%
Closing 117
funding arrangements, while defaults since then have been com¬
May—
paratively insignificant. Of all the roads which were in our lists Open’g 115% 119% 121% 115% 117% 118% 119% 120% 120% 114% 115% 11.6%
High’st II514 120% 122
115% 117% 118% 120% 120% 12»>4 115% 115% 117%
,of defaulted companies in January or October, 1874, we find that Lowest 115
115
117
119% 12J
111% 119% 120% 119% 114% 114% 116^
at the close of the year seventeen had been foreclosed; thirty Closing 115% 120% 121% 115% 117% 118% 120% 120% 120% 115% 115% 117%
June—
were then in litigation; thirty-four had funding propositions,
Open’g 115% 116% 121% 115% 117% 118% 119% 120% 120% 114% 114% 114%
In
no
Adams
,
.
wholly or partly accepted; thirty-seven were in a condition High’st
Lowest
.of “.masterly inactivity,” or the condition of their affairs was Closing
.either
115% 117*4 123
115% 117% 118% 120% *21% 121% 114% 114% 115%
113
T16% 121% 118% 116% 117*4 1194 119% 120
113% 113% 114%
114
117
133
114% 117
113
120% 131
131
113% 114
116%
-Coupon Bonds.fund 6s ’81 6s ’81 5-20S 5-20s 5-20s 5.20s 5-20s.
5s ’81
6s.
reg, coup. 1862. 1864. 1865. 1865n. 1867. 1868. reg. coup. cur.
coup.
July—
117% 114
116% 117% 116% 117% 117% H3% H4 115%
Open’g 113V4 116
114
116% 117% 116% 117% 113% 113% 114
117%
High’st 113* 117% 119
112% 112% 115%
Lowest 112% 115% 116% 111 % H5% 116% 115% 116% 116
116% 117% 118% 112% 112% 117%
Closing 118% 117% 118% 111*4 H5% 117
August—
Open’g 112% 117% 118% 111% 115% 116% 116% 117% 118% 110% 113% 111%
fligh’st 112% 117% 118% 112% 116 117% 116% 117% 118% 110% 114% 117%
117% 117% 109% 113% 117%
117% 118% 111% 115% 116% 116
Lowest 112
117% 116% 117% 117% 110% 114*/, 117%
Closing 112% 117*4 118% 112% 116
September111% 117%
Open’g 112% ~117K 118*/, 112*/, 115% 116% 116% 117% 117% 111
111% 117%
High’st 112% 117% 118% 112% 115% 116% 116% 117% 117% 111
116% 117% 112% 115% 115% 115% 116% 116% 110% 111% 117%
Lowest 112
115% 117 117% 111 111% 117*/,
Closing 112% 117% 118% 112% 115% 116
January
SECURITIES.
118%
119% 119%
Lowest 111% 118
December—
117% 112
112% 118%
117% 111
111% 117%
117% 111% 112% 117%
117%
119%
117%
119%
112
113%
111%
113%
112%
114%
111%
114%
117%
119
119%
120%
119%
120%
113% 114%
115% 115%
112% 113%
115% 115%
116%
120
122
119%
122
119
121
112% 114% 116% 118%
114% 116
118% 120%
112% 114% 116%
114% 116
118%
116% 119%
Open’g 113
High’st 113% 118% 122%*
Lowest 112% 115% 119*/,
122
Closing 113% 118
at the New York Stock Exchange on
117%
119
118
116%
118
each Friday.)
Deckmbf.b
Septemb’r October. November
August.
July.
June.
May.
April.
March.
IFebruary
.
Open’g 111% 118 118%
119% 119%
High’st 113
111% 117%
117% 111
116% 115% 117
117% 116% 117%
116% 115% 117
SECURITIES DURING THE YEAR 1871.
OF STATE
(Compiled from prices bid
1864. 1865. 1865n. 1867.
117% 116% 117%
110% 113
114% 116% 117%
112% 114% 116% 119 120
110% 113
114% 116% 117%
112% 114% 116% 119 120
-
Closing 113
5-20s 10-408 10-40s 6s
reg. coup. cur.
5-203 5-20s 5-20s 5-20s 1868.
Open’g 112% 117% 118% 112% 115%
High’st 112% 118 118% 113% 116%
112% 115%
Lowest 112% 117% 118
Closing 112% 117% 118/, 113% 116%
November
Bonds.-
-Coupon
5s’81
fund 6s ’81 6s ’81 5-20s
coup. reg. coup. 1862.
October—
5-20s 10-40s. 10-40s.
COURSE OF PRICES
[January 9, 18'5
CHRONICLE.
THE
34
Low. High. Low. High. Low. High.
Low. High. Low. High. Low. High. Low. High.
Low. High. Low. High. Low. High.
39
38
30-38
30
30
30
30
30-30
39
38
30 - 38
30
30
30
30
30 - 30
50
50
47 - 48
45
45
46
46
45 - 45
45
45
40 - 40
40 - 40
40 - 45
45 - 45
45
45
40 - 40
40 - 40
22
40 - 40
20 - 2i " 20
15
13
13
8
10 - 15
10 - 15
25 - 25
12
8
9-9
12
30 - 35
32% - 32% 25 - 30
9
11
8
5-6
12
8
13 - 14
16 - 16
12 - 12
16. - 16
12
9
11
8
6-6
8
8
12
13 - 14
8
-8-8
16 - 16
16 - 16
12
12
11
8
6-6
8
8
12
13 - 14
8
8-8
16 - 16
12
16 - 16
12
11
8
6-6
8
8
10 - 10
12
13 - 14
8
8-8
15 - 15
16 - 16
12
12
11
8
6-6
8
8
10 - 10
-114
13 - 14
112
15 - 15
16 - 16
-112, 112 -114
111
110 -110% 110%-m
-112
110
112 - -112%
113 -113% U2%-113
-112
Low.High. Low.High.
-
-
-
do
do
do
7s,L.R.P.B.&NO
7s, M. O. & R...
7s, A.Cent. RR.
California 7s
do 7s, large
Connecticut 6s
-
25-25
_
_
-
-
-
-
-
15
15
15
15
110
7s, new
20
-
Michigan 6s, 1878-79..
do
do
68.1883....
7s, 1890
Missouri 6s, due 1874.
.
-
-
-
■
16
16
-
-
-
-
-
-
-
-
-
-
-
-
-
11.2
-
-101%
ioi*
-
75
75
87%
87 %-
-112
-112
111
112
100
75
-
87
77
60
96
96
96
100
100
26
95
95
-
-
-
-
-
26
94
94
-
-
-
77
7:s, endorsed
50- 50
7:s. g«ld. ...
Illinois 6s, cou., 1877. 95 - 95
do
6s, cou., 1879. 95 - 95
do
6s, war loan.. 95 - 95
100 -100
Indiana 5s
98 - 98
Kentucky 6s
Louisiana 6s
do
6s, new....
do 6s, new flo. dbt
do
7, peniten..
do
6s, Levee.,
do
8s, Levee.,
do 8s, Lev. of '75
8s of 1910..
do
-
-
-
65
84
-
-
-
-101
97
65
82
77
34
20
33
32
23
17
21
20
16
-111
30
15
Georgia 6s.
do
do
do
-
-
-
97
97
96
-
96
-
-96
-101
-100
92
-
89
79
-
-
ioi
-101
-100
100
-
79
-100
-100
100
101
ICO
-100
-
-101
-100
-
i100 94%; 94 %-
-101
103
97
do
do
do
do
6s,
6s,
6s,
6s,
Os,
do
-
-102%
-101
- -101
20
20
20
20
20
20
20
20
-
ioi’ -ioi'
-
-
97%- -100
20
20
-
-
-
-
-100%
-100%
-100%
-101
-100
22
22
20
20
-
IOO
100
100
100
100
-
...
....
80
75
-
90
91%
92%
89
91
90%: 90
-
-
91
-
91%- 92%
90
-
91
90
91
-
94
94
due ’86
due ’87
do
New York B’ty In, reg 103%-105% 105
do
B’ty In, cou 103%-105% 105
110
do
6s, Can, ’74 105 -111
100
do
Hs, Can, ’75 105 -109
100
do
6s, Can, ’7? 105 -109
100
do
6s, Can, ’78 105 -109
do 6s, gold, rg, ’87
110
do 6s, gold, cp, ’87 110 -111
100
-
20
20
22
22
-
-
-
.
22
22
.
22
22
„
23
-
22
22
-
-
-
-
-
-
-
-
-
-
-
100% 101
100% -101
101
101
101
-
-112
111
110
-113
no
no
-no
-no
-no
-113% 112
-112
-no
-no
-no
l'n, ’83
100
-100
IGO’ -163" i03* -163"
23 - 29
25 - 27%
35-35
28'
20
31
90%- 97
95
95%
-104
-
28
27
38
35
-
-
-
28
29
-
28%- 28%
35
42
42
-
110
110
110
110
112
112
112
112
103
103
24
28
35
35
110
110
110
- 110
111)
110
112
- 113%
113% 112
112
- 112
112
- •112
105
- •103
111
110
-
-
-
-103
-
28%
29%
•
•
-
46
-
105
20
20
40
-110
-110
-110
-110
-112
yo
98
95
-
105
lio"
-112
-112
110
110
-110
-110
-112
-110
-110
110
-110
103
103
18
IS
-106
-106
20
20
35
35
-
-
35
35
-
-
-
-109
-109
106
108
108
108
1(8
105
-
-
-
105
18
18
35
35
-
-
-
-
-
98
96%
96%
95%
-
94% - 95%
93%- 94
95
94
92%
__
93
-109
-109
-108
-108
-108
-108
-105
-105
19
19
40
40
-
-
-
106
106
106
106
no
110
108
108
105
105
18
18
40
94
94
-
92%
'
-
-
-
98
97
96
95
95
-
-
■
-
-
-
93
-
94%
-
94%93
i('i'
■
■
-
98
-
97%- 98%
97
98%
97
98%
96% 96%
97
98%
95
-95%
-
-
-
•
-
-
93
-
96
■
-
93
-
99
99
99
96
96
96
93
96
•
93
-
-
98
97
■
-
95
94%
-
-103
101
103
-
-
-
.
98
96
92
98
77
91
91
-
-
-
-
■101
98
93%- 94
93%- 94
98
96
-
19
19%
40
40-40
40
40
-
108
108
108
108
110'
110
no
113
107
107
19%- 20%
19%- 20
-
28
25
-
25
-
28
25
-
25
25
15
14
10
-108
-110
-no
-110
-114
-114
101
99
95
95
105
-
20%
-102’*
30
30
30
17
17
14
12%
-
no
no
115
30
12%
30
-
30
16
16
13
10
-
-
-
-
30
■
-
-
-
•
-
-
108
1C8
110
110
-
-no
-110
--106
- -116
--110
--115
--108
--108
24
23
50
50
-
-
110
112
106
106
30% 20
30% 20
50
52
50
52
42
42
22%
-
-
-
-
-110
--110
--111
--111
- -111
--115
- -109
-109
-
23
23
41
41
22%
-
-
-
-
-
no
no
no
-108% 108
-108% 108
20
41
41
-
iio’ -lio" 108' -lio"
-114
-116
30
-
25
-
-
42
42
-
-
-
-110
-110
-110
-no
-110
-no
-112
-112
-106
-106
108
108
108
108
108
108
108
109
104
104
-
-
107%-107%
-110
-110
-110
-no
-no
-110
-no
-no
-106
-106
-
-
-
-
100%- 101% 101%- 102%
ioox- -101 101%- 102
99%
97%
95%
-
■103% 103* -104 "
103% 103 -104
-
99%
95
92%
96 *
92
93%
-108%'
107% -108% 10S%--108%
107%-107%
-109
107%-108% 108%- -108% 108%-
-106% 100%-107
106
106
106
6s,N.C.R, J&J
35-44
44
35
35
do 6s,N.C.R,A&0 33%- 34
do 6s, N.C. R., cp.
25
25-28
27
28
25
32
25
31
25
25
25
off, J.&J. 25
do 6s, N.C. R., cp.
25
25-28
27-28
25
32
30
25
25
25
25
off, A.&O. 24
26%- 26% 26%- 26%
23
24
18 - 22
do 6s, fdg act, ’66
24%- 24% 26%- 26% 25%- 25%
do 6s, fdg act, ’68 17%- 22
12%- 12% 11
21%
20
21% 21
16
19
18
do 6s, new, J. &J. 14
11
20
21%
21% 21
19
16
do 6s, new, A.&O.
6
6
9
9
8%- 8%
“8
ii% o%- n% 8%- 9
do 6s, sp. tax, cl. 1
6
6
9
9
8%- 9
8-11
10%- 11%
do 6s, sp. tax,c .2
6
6
9
9
8%- 9
10%- 11%
8%- 11%
do 6s, sp. tax, cl. 3
98
97
-101
100 -100
100
100
100 -100
-If 8
100
Ohio 6s, 1875
98
ioo’ -loo" 102 103 100 -103 100 104 102-102%
do
95
92
92
-
103
101
-104
98
-
98
97
91
91
97 - 97
96 - 96
91
91
91 %- 92
-
-110
-110
-110
-110
21
21
44
io3*
99
-
97
95
“
91%
94%- 95% 91%
106
106
106% -106% 106%-lO7
106
106
106
110
-
-
-
■
-101
99% -101
—
-
10«'
-
-
-
103
100
—
97
97
-
-
-
■
-102%' 102%-103
99% -99%
92%
92%- 93
94
90
92%
-
95
97
97
-
-
-
-102% 102%-103
101
101
102
-
-
-
—
-
106%-106% 106%- 106% 107%-110
106%-107% 100%- 107% Q7%-110
-
-
101
-101
IOO 93 - 99% 99%- 99%
98%- 98%
98% 93 - 98
98
96 - 97% 97 - 98
97
94 - 96% 95 - 97
95 - 95
94 - 94
97
97
93)/ 93%
-
25
25
21
22
25
25
25
-
-
-
22
-101
98%- 99
-
77
-102
-102
-102
-101
-102
-
■
-
100
-
-
-
-
-
-
20
22
23
_
80
92
87
-
-
21
21
-
79
-
-
101
101
-102
-101
-100
22
20
_
97
94%'- 95
-107
-107
-
x72
-100% 101
-100% 101
-
-
92 %-
due ’75
due ’76
l’n, ’91
-
-
_
-
5s, Can, ’75.
5s, Can, ’76.
N. Carolina 6s, O, J&J
do
6s, O, A&O
100
100
100
101
100
20
20
20
15
15
20
20
20
80
75
100
100
101
101
100
20
20
80-80
80
80
- -100
- -100
-
-
-
-
fdg bds, due ’94
do long.due '81—’91
8!)
do Asylum, due ’92 87
Han. & St. Jo., due’74 88% - 92
do
do
-
80
80
8i
100
- -102%
100
--102%
’80
-
-
-
-
-106‘’
104% 105
-
79
90% 91
85
85
75
72% 73%- 75
102
-101% 102 - 102
102
-101% 102 - 102
102
-101% 102 - ■102
101
101 - 101
-101
102
100 - ■102
-101
24
22 - 27
22
24
22 - 25
22
21
21
21
21
21 - 22
20
25
27% 27 - 28
25
25 - 27
25
25
27 - 28
-
-
97
97
97
do
do 6s, gold
do 6s, gold
-
97
due 1876.
due 1877.
due 1878.
due 1879.
due 1880.
do
do
do
90
-
104
75
89
82
-104
76
89
82
103
-102% 102%-102% 102%-103%
76
75
75
75
77%- 77% 73
89
89% 89%- 89% 88
88%- 89
82
ioi’
75
91
-
98
6s, due 1875.
do
75
-
101% 101%--102% 100
101% 101%--102% 100
-
-100%! 100
94
79
71
100
100
100% 100
-
103%--103%
76
89%
-
77
-100
-100
-98
-101
-98
97
97
99
97
97
95'
94
95%
-
-
-
75
.69
75
-
97
97
98
101
98
97
97
-
_
95
90%- 93%
-
65
-
95
....
-
-102%'102 -103
101
75
75
87% 89
79
78
-
"
-101
,
Alabama 5s. 1833
do
5s, 1886
do
8s, 18-<6
do
8s, 1888
do 8s, M.&E.RR.
Arkansas 6s, funded.,
do 7s, L.R. & Ft.S.
do 7s, M. & L. R..
-
-
-
-
35
37
35
37
21
20
35-35
-
-
-
-
-
-
-
-
-
11
11
-
-
-
-
-
-
•
-
-
-
-
•
-
•
-
do 6s, 1881
do 6s, 1886
Rhode Island 6s
S.
Carolina 6s
do
J. & J.
do
A. & O.
do
fdg act, ’66
do Ld C.,’89, J.&J.
do do ’89.A&0
do
7s of’88..
do
nonfundable
-
-103
101
97
23
-101
25
100%- 101
6%-
ii’
-
do
do
do
Texas
do
do
do
do
do
do
bs,
12
14
9%
20
15
-
-
36
40
-
-
81
63
81
63
63
83
42
45
89%
69%
81%- 89%
81 %63 -
63
-
63%85
36
42
-
-
-
70
70
85
39
90 %- 91%
69 - 71
89 - 91%
69%- 71
68% - 71
35
-
35
47
consol... 49% - £2% 51%- 52%
6s, ex m. con
do 2d s.
6s. deferred.
25
8-9
17 - 19
15 - 16
16 - 16
25
101
20
104 -106% 102% -106% 102 102 -102% 102%. -102% 100%25 25
25
20-25
25
13
18% 17 7-8
7%
17 19
19
16-20
20 18
15
'15 - 18
16
16 - 16
18% 18%
18% 18%
16 - 16
18 - 18
18% 18%
5 6
5
72%79% 80
88% 82 - 83
52 68
62%- 64% 60%. 62
70 80 ■ 80
82-83
50 68" 62%- 64% 61 - 63
62% 54 67% 62%- 64% 61
92 90 ■ 91
86
86-89
28 30
28
30-32
106
102
-
-
-
•
-
•
-
15
-
-
17
20
102
102
100
25
15
15
50-51
83
-
67
-
-
5
-
-
'68*
64
86
30-35
50-50
34-85
32
50%- 51
50%- 52%
S6
10
-
11%
11%'- 11%
11
-
11
10%- 10%
10% - 11%
-
-
32
87
30
50
85
11%-11%...
100
103
-105% 113
-101% 101%-103% 103
-
25
20
-
18%
16
16
17
17
17
17
-
-
-
-
-
74
5C
75
-
5%
-
-1G4
-
51%
-
-
-
-
-
-
-
84-34
85
9
t
-
-
-
-
-
....
32
30
30
88
9
95%
32
32
-
•
106
-
-
-
-
82
27
17
17
6
-
-
-
-101
■ -104
■ -106
■ -104
30
■
-
21%
-
21
■ -.26
17
•
17
•
17
■
7
•
75
■
-
■
54
95%
95
25
35
35
53
-
-
-
-
51%
55%
35
35
35
53
12%
12%
7%
-
■
■
15
15
10
10
8
8
-
■
56
40% -4i%
9%
9%
-
14
-
■
20%
20
16
17
15%
-
74
-
85
f
28
28
28
-
70
55
70
74
56
-
-
-
.
50
6%
-
51%- 52% ’52%
30
22
17
17
17
17
17
17
-
51%- 51%
93
10
5
5
5
-103% 104
67
50%- 55
-
■
12%-
101
-103% 103
52%
54%
59%
-
16
16
-101
55
7
76%
-
-
76%
-
-
5%
5%
-
56
-
74
50
20
15
-
15
15
17
17
17
6
67
51
-17
17
17
5%-
5%
77
56%- 57%
-
25
17
17
20
-
-
82"
-
32%- S2%
10
5
5
5
-
-
-
-
-
14
-
-
-
-
5
-101
-103
5
-
55 %- 57%
56 - 57%
90-90
28 - 28
28-30
28 - SO
-
-
....
100
-101
-102% 102
103
-105
5%75
5
-
-
18
20-20
75
-
....
—
6
81
60
81
-
....
-
-
-
6s, new, ’66..
6s, new, ’67..
i4’
25
-
8%-
102
-
99
102
104
101
25
18
100
5%
5%
5%
-
-
-
79%old
6s, ex cou.. 61
6s, new.... 79%do ex cou 60% 6s, new ser’s 60% 83 10s of ’76
Virginia 6s, old..
9%
25
-
-
■
10
10
-
Tennesse 6s,
do
102% 103 -105
100%-101
100
-
5%5%5%-
-
-
-
10
10
-
-
■
•
-
■
•
•
-
105
30
-
21%- 81
21
22
18
18
18
-
-
6%75
-
30
29
29
29
29
7
78
-
-
-
-
56%- 59%
75
57
57
97
-
■
106
1G6
-
75
-
■
101%
-
57%
-
-
■
98
103
103
104
30
56
57
39
39
39
56
36
-
78
-
59%
59%
-
38"
-
39
38
58
57%38
-
37
-
.
50%- -52% 54%- 64%
41
10
•
•
-
-
45
11
41
11
-
42
-
11%
EYERI BAY IN THE YEAR 1874.
TABLE OF GOLD AT NEW YORK FOR
(Compiled from sales at the New York Gold
Day of
January.
Holiday.
110%-110%
110%-111%
month.
1..
2....
3....
4....
.
S.
111%-111%
112%-112%
111%-111%
112%-112%
111%—112%
111%-112%
111%-111%
111%-111%
111%-111%
-111%
-111%
110%-111%
111%-111%
111%-111%
111%-111%
Ill
111
...
7....
112%-113
113%-113%
118%-113%
Holiday.
113%-113%
S.
113%-113%
113%-113%
113%-118%
111%-111%
9....
111%-112%
112 -112%
111%-111%
113%-113%
111%—112
;
10....
li..:.
12....
111%-111%
111%-112
ltl%-112%
111%-112%
111%-112
113%-113%
113%-11S%
-112%
112
8.
H2%-112%
112%-112%
112%-112%
17....
111%-112%
111%-111%
111%-111%
111%-111%
111%-111%
111% 111%
18....
S.
111%-112%
11134-112
111%-112
111%-112
111%-112
13....
14,...
15,...
16....
S.
S.
112(4-118
112%-112%
Ul%-112%
19
20....
Ill
-111%
111%-111%
112%-U2%
112%-111%
112%-111%
21....
111%-111%
112%-1!2%
22
271....
111%-111%
S.
S.
111%-111%
111%-!11%
Holiday.
112%-113
112%-112%
111%-111%
...
...
24....
25
s.
...
111%-111%
111%-111%
26....
27....
111%-111%
28....
29....
39
81
111%-111%
111%-111%
111%-111%
.
.
...
Month 110%-112%
112 -112%
111%-112%
112%-112%
113 -113%
112%-113%
112%-112%
112%-112%
112%-112%
S.
....
-
....
-
112%-113%
113%-113%
....
...
111%-113%
111%-113
S.
113%-113%
113%-114%
113%-U4%
113%-113%
113%-113%
113%-118%
S.
113%-114%
113%-114
113%-118%
112%-113%
111%-112%
112%-112%
S.
112%-118%
-112%
112
November.
8.
109%-109%
io9%-iio
110%-ll0%
110 -110%
110%-110%
109%-109%
103%-1(!9%
s.
110%-110%
111%-112%
HO
111%-111%
8.
109%-110%
110 -11Q%
109%-109%
109%-109%
109% -109%
109%-109%
109%-109%
109%-109%
110
110
-110%
109%-110%
109%-109%
-110%
110%-110%
110 -110%
H'%-110%
-110%
109%-lii9%
109%-109%
109%-110
-110%
111%-111%
s.
-110%. iin%-no%
-110% 110%-110%
8.
110%-110%
110%-111%
110%-111%
110
110%-111%
110%-111%
110%-111%
110%-111%
-112%
112%-112%
112 -112%
S.
112%-112%
-112%
112%-112*
112%-112%
112%-112%
112%-112%
S.
112%-112%
112%-112%
112%-112%
3
s.
1C9%-109%
111%-111%
111%-111%
8.
119%-109%
109%-109%
109
109
-111%
110
-110%
109%-tl0
109%-110
109%-109%
109%-1093i
109%-lo9%
109%-109%
109%-109%
112%-112%
111%-114%
109
S.
3
60
3
davs.
60
‘3
111%-111%
s.
111%-111%
111%-111%
111%-111%
111%-111%
Holiday.
111%-112%
s.
1U%-111%
111%-111%
111%-111%
-110%
ino*
110
110
110
111%-111%
lll%-lll%
111%-111%
-110
-110
Holiday.
S.
111%-111%
111%-112%
'110%
111%-112
111%-111%
111%-111%
S.
110%—110%
110%—111)%
110%-110%
ii‘2%-ii2%
111%-112%
YEAR 1871.
leading Bankers).
60
December.
November.
3
60
davs.
3
60
3
60
3
60
3
60
3
October.
September.
August.
July.
3
60
111%-111%
110%-111%
110%-111%
109%-110% 109%-110% 110 -112% 110%-112%
FOR EVERY DAY IN THE
June.
May.
April.
111%-111%
110
109%-109%
-109%
110%-111%
110
i09%-iio
109%-110%
110 -110%
S.
111%-111%
111%-111%
-110
110%-110%
110%-110%
8.
111%-113% 110%-112% 109 -110% 109%-110%
Ill
111
Holiday.
8.
s.
-110%
s.
109%-109%
109%-109%
109%-109%
109%-109%
109%-109%
109%-109%
8.
112%-113%
112%-113%
111%-111%
io9%-iio
s.
i09%-iio
-K9%
-109%
s.
-111
110%-110%
-110
109% 110
lf2%-112%
111%-111%
-110
110
109%-109%
110%-111%
111%-111%
110%-J10%
110%-110%
i09%-110%
1011%—110
110
110
110
109%-109%
109%-109%
110
110
1C9%-109%
109%-109%
S.
Holiday.
109%-109*
109%-109%
109%-110%
i09%-iio
109%-109%
109%-109%
ill%-112%
lll%-112%
112%-112%
109%-HO
8.
109%-1C9%
-113%
113
March.
60
109%-110
109%-109%
109%-110
(Compiled from the quotations of
January.
3
60
8.
8.
s.
TABLE OF STERLING EXCHANGE
Felbruary.
109%-109%
109%-109%
109%-109%
110%-110% 109%-109%
110%-111% 109%-109%
111 -111%
io9%-iio
111 -111% no -110%
s.
111 -111%
111%-111% 110%-110%
110 -110%
s.
111%-112
109%-110%
109%-110
111%-112
111%-111% 109%-109%
111%-111% 109%-110
111%-112%
September.
S.
109%-110
109%-110
110%-110%
S.
112
October.
-110%
S.
110%-110%
112%-112%
112 -112%
112
110
110%-110%
110%-110%
Holiday.
S.
112%-112%
112%-112%
112%-112%
December.
1C9%-109%
August.
109%-109%
110%-110%
-112%
-112%
111%-112
111%-111%
111%-111%
110%-111%
S.
s.
.
112
1!2%-112%
112%-112%
s.
..8
112
Exchange.)
July.
June.
May.
112%-113%
April.
March.
S.
February.
S.
5
6....
85
THE CHRONICLE
January 9* 1875.]
days.
days. days. days. days.
days. days. daya. days. days. days. days. days. days. days. 4.85 4.88
4.a5% 4.90*
dayis. days. days. days. days.
4.83
4.90% 4.87 4.89%
4.83% 4.91% 4.88% 4.91
S'+
4.a>% 4.88% 4.83 4.91
4.a5% 4.90%
1....
Holiday.
4.87
4.39% 4.85% 4.88% 4.84% 4.83
S
4.91
4.88% 4.91% 4.88% 4.91
4.85% 4.88% 4.88
4.84
4.87% 4.84% 4.88
4.87
4.85% 4.9;)%
2.... 4.8:3
4.90% 4.87 4.89% 4.85% 4.88% Holiday
4.90% 4.88
9}
4.88% 4.91%
Holiday.
4.84% 4.88
4.85% 4.90%
3.... 4.82% 4.86% 4.84% 4.83
S
4.64% 4.68
4.88
4.90% 4.86% 4.89
4.88% 4.91% Holiday.
4.87% 4.85% 4.88% 4.88 4.91
4.85
4.88% 4.84
S
4.88% 4.85% 4.90%
4...
4.85% 4.88% 4.85
8
4.88
4.90% 4.86% 4.89
4.91
8
4.88
4.83% 4.91%
4.84% 4.88
S.
4.85
4.88%
4.87
4.85
4.88%
5... 4.83
4.86
4.89
8
4.91
4.91
4.90% 4.88
4.88% 4.91% 4.88
4.85% 4.88% 4.88
4.84%. 4.88
4.85% 4.90%
6..
4.82% 4.86% 4.84% 4.88
4.89
4.85% 4.89
4.86
4.88% 4.86
4.68
S
4.91
4.90% 4.87% 4.91
4.85% 4.88% 4.88
4.84% 4.88
S
4.86
4.a5% 4.90*
4.84% 4.88
7.,,. 4.82
4.85% 4.88%
4.85% 4.38
4.87% 4.91
,8;
4,85% 4.83% 4.as% 4.91% 4.88% 4.9i% 4.87% 4.90
4.85% 4.90%
8.... 4.82% 4.86
4. *5
4.87% 4.85% 4.83% 4.65* 4.89
...S
4.91
4.87% 4.90
4.85% 4.88% 4.88% 4.91% 4.88
4.84% 4.88
4.84
4.87%
4.85% 4.90%
9.... 4.83% 4.87
4.85
4.87% 4.85% 4.88% 4.85% 4.89
4.91
4.87% 4.91
4.83
s
4.87% 4.90
4.35% 4.88%
4.84% 4.88
4.85% 4.90%
4.84% 4.88
S
10.... 4.83% 4.87
4.85% 4.c9
4.84
4.86%
4.87% 4.91
4.87% 4.90
4.85% 4.88% 4.88% 4.91% 4.88% 4.91
4.84% 4.88
4.85
4.88%
,S
4.86
4.89% 4.85% 4.90%
11....
4.88
4.84
4.86% 4A5
..S
4.88
4.91
4.87% 4.91
4.91
S
4.88
4.84% 4.88
4.95
4.88%
12,... 4.83% 4.87
S
4.84% 4.87% 4.86% 4.90
4.87% 4.91
4.87% 4.90
4.91
4.88
4.88
4.88% 4.91
4.85
4.84% 4.88
4.85% 4.90%
4.85% 4.89
4.83% 4.87
13
4.84
4.86% 4.84% 4.87% 4.86% 4.90
8i
4.87% 4.91
4.87% 4.90
4.85
4.88% 4.85% 4.88% 4.88 4.91
,S
4.65% 4.90%
14.... 4.83
4.86% 4.85% 4.89
4.84
4.86% 4.84% 4.88
4.89% 4.87% 4.91
4.85% 4.88% 4.88% 4.91% 4.88% 4.91 •■4.87
4.91
4.85% 4.90%
4.83
4.86%
15
4.85
4.88% 4.87
..S..
4.84% 4.87
4.91% 4.87 4.89%
4.85
4.85% 4.88% 4.88% 4.91% 4.89
4.88%
4.84
16
4.87% 4.85 4.88%
4.85
4.83% 4.86% 4.90% 4.85* 4.90%
4.84% 4.87
4.89
4.87% 4.91
;
4.91% 4.87% 4.9C
4.85
4.89% 4.85% 4.88%
4.90
4.85% 4.90(4
4.86
8
4.87% 4.85 4.88%
17.... 4.84
4.84% 4.87
4.91
4.67% 4.91
4.87% 4.90
4.85
4.88% 4.85 4.88% 4.85% 4.83% 4.88% 4.91% 4.88%
,S
18....
4.85
4.88% 4.85% 4.89% 4.85% 4.90%
4.84% 4.87
S
4.87% 4.91
81
4.88
4.88% 4.91% 4.88% 4.91
4.85
S
4.86
4.90%
4.87% 4.85 4.88%
19.... 4.84
8
4.85* 4.89
4.87% 4.91
4.87% 4.90
4.86
4.89
4.83% 4.91% 4.88% 4.91
4.86
4.90% 4.P5* 4.90%
20.... 4.83
4.86% 4.85 4.88% 4.85 4.88
4.85% 4.89
4.84% 4.87
S
4.87% 4.91
4.87% 4.90
4.89
4.86
4.88
4.88% 4.91%
4.85
4.85% 4.90%
.S
21.... 4.83
4.86% 4.85 4.88%
4.a5% 4.89
4.84% 4.87
4.81% 4.91
4.87% 4.90
4.89
4.86
.81
4.88% 4.91% 4.88% 4.91
4.88
4.86
4.90% 4.a5% 4.90%
22.... 4.84
4.85% 4.89
S
4.84% 4.87
4.87% 4.90
4.89
4.86
4.88
4.85
4.88% 4.91% 4.83%- ‘4.91
Holiday.
4.86 4.90% 4.86 4.90%
23.... 4.84% 4.88
4.84
4.86% 4.85% 4.89
4.88
4.90% 4.87% 4.91
4.88% 4.91
4.86% 4.89% ...C.S
4.85
4.88% 4.85 4.88
Holiday.
8
4>6
4.90%
4.84% 4.88
24
4.88
4.90% 4.87% 4.90% 4.84 4.86%
4.88% 4.91% 4.88% 4.91
4.85% 4.88% 4.86% 4.89%
4.86
4.90%
.8
4.84% 4.88
25....
Holiday.
4.85% 4.89
S
4.87% 4.90% 4.84% 4.87
4.38% 4.91% 4.88% 4.91
S
4.84
4.87% 4.85% 4.88%
26.... 4.83% 4.87
4.85
4.88% 4.86 4.90%
.8
4.88
4.00% 4.67% 4.90%
4.91
4.88
4.88% 4.91% 4.68% 4.91
4.87% 4.85% 4.88%
4.87% 4.84
27... 4.84
4.85
4.88% 4.86 4.90% 4.86 4.90%
4.83
8;
4.90* 4.87% 4.90% 4.84% 4.87
4.86
4 90%
4.37% 4.85% 4.88% 4.87% 4.90% 4.38% 4.91%
4.84
.8...
2s.:.. 4.84% 4.88
4.84
4.87%
4.88
4.90% 4.87% 4.90% 4.84% 4.87
4.98% 4.88% 4.91% 4.88% 4.91
.81.
4.87%
4.90%
29.... 4.84% 4.88
4.85% 4.90% 4.86
S
4.85
4.87% 4.84% 4.88
4.88
4.90%
4.88% 4.91
4.88
Holiday.
4.N5
4.87% 4.90%
4.86
4.90%
4.84
4.87%
30.
4.34% 4.88
4.88
4.90% 4.87% 4.90
S
4.88
4.85
60
Day of
Monthi. clays, clays.
»
-
■
•
*
....
.
.
....
..
...
•
...
•
«
..
.
...
l
...
....
....
,
,
,
..
4.87%
31.... 4.84
.
.
t
.
l#,
>• •
•
•at
..
•
•
..
•
RAILROAD BONDS DURING THE YEAR 1871.
(Compiled from prices bid at the New York Stock Exchange on each Friday).
COURSE OF PRICES OF
June.
July.
BONDS.
Low.IIigh.
Albany & Susq., 1st..
99
-101
Low. High.
Low.IIigh. Low.High.
Low. High.
Low.IIigh.
Low. High.
101
98
-102
102%-102*!l02%-103%
102
- 99%
do
* ’ 2d... 95%- 98
3d...
do
99 -100
Alton & T. H., let m. 96-98
do
2d pref. 87 - 88% 84 - 85%
74 - 77
77%- 78
do
2d inc
93 - 94%
Am. D. & Imp. b’nds. 90-94
93 - 94
BellVle & S. til. 1st 8s 87 - 92
30%- 31%
B., Hart. & E. 1st in.. 2S%- 30
do
?7%- 37% 43 - 45
guar.
94 - 96%
Buffalo & Erie, new.. 90 - 94
Buff. N. Y. & E. 1st’77 87 - 88
do
99
|
99%
-
April.
97
97
-
-100
-«87
76 - 18
98-99
90-92
-100% 100
85%- 85%' 87
99
_
95
94
96
96
-
29%- 29%
42
100
87
73
98
89
-
—
99
25%- 28%
92%- 97
22
25%
94
-
96%
%
88
-
89
-
do
cons.
S.
-
80
99^
22% - 23%
-
20
95% - 95%
86-86
do
55
-
24%
—
97
86
97
86
-
-
97
85
98
85
-
-
88
74
97%
-
,
-
97
56
98
55-63
95
-
22
32
-
22%
-
35
-105
102%-102% 100
-
—
....
..
—
92%- 95
i03 -105*
98 *-100
109%-110
m
-100
-106
ioo
-ioo
_.
-106% i07
94%- 94% 95
-m% 108%-108% 107
104
-
..
iio
50
40
100
107
97
-
52
-
40
-100
98%- 98%
48
45
52
45
-
-
47
42
99
-
48%
-
42
-
96
-110
-
—
97
108
97
-110
-
98
110
-101
91 - 92% »3%- 95
Chic. & Mil. 1st m
98 -101
Chic. & N. W., S. F.. 100 -101
97 - 98
do
interest. 92 - 96
91*- 93
do
consol. 88-92
80 - 90
86% - 89
do
exten.
100 -101
do
1st m. 98 -102
do
coup, g. 84%- 86% 85%- 87%
87 - 87
do
reg, g.
103%-104%
Chic. R. I.& Pacific.. ioo -103
Cin. L if. & Oh. 1st m. 100 -100 ioo -102%
100 -100 T
c- C. C.& 1.1st 7s, s.f.
—
98%-100
.
.
93%- 94
93%- 94
101%-102% !C2%-103
97
91
89
100
-
99
92
91
-102
87%- 88
....
-
99-99
90-91
89 - 91
100%-101%
85
-
88%
94 %- 94%
101%-103
...
85
89
101
....
-
85%
-
89
105 -105% 105
-105
82%- 82%
103 -103
102%-!03% 99
105
-
....
-106
-
94
-103%
-
96
86%- 87
95%- 97 '
85%- 86%
91
100
-
99
99%-100
97
91%
• -100
96-98
82%- 84
-102% 99 -100% 97
78
80
80% 76
18
17
80%
106 -106% 102%-103% 104
-
-
-
....
....
98
-110
-
106
92
110
_
.
-
-
—
\
-110%
-
98%
-111
91
99
98
-
....
-
....
—
-100
-
98
83%- 84%
91% - 92
100
95
-101
-
97%
85-85
-
97%
19%
19
96
77
....
-
-
96
78
103
-104%
95%- 96*|
8o%- 83%
81-85
103 -106
47 - 51
40
100
108
-
40
-100
-109
91%- 94%
100
94
-102
- 95
83%- 89
105 —1()5
92 - 95
100 -103
97-99
88%- 89%
....
98%- 99%
81 %- 81%
78 - 78^ 81%- 81%
-106% 106%-lOb** 108 -108%
83%- 85
ios -104% 104 -104
-105
102 -103%
ioo -ms
-101
- 90
80-81
96
....
-104% 104%-106% 105
_
—
99% 99
-101% 101
-
22
98%-100% lOO%-lno%
112 -112
112%-114
—
91%
....
_
—
__
98
-
94%- 95
__
-101% 102
76
82% - 86
....
....
-
94
103
96
91
-104
-
102
.
_
91
103
78%
-
....
—
—
—
-
23%
—*
....
101 -101* 102 -106
49%- 51
48%- 48% 49-50
40 - 40
40 - 40
40-40
100
-101%
100%-100%
100%-103* 103%-104 104%-106
-107
-107
97% 95
97
-110% 110%-110% 108
-
_
7e.
C'eve. P. & Ash., old. 95% - 97
100
102
-103% 100%-102
50-50
30 - 30
-107
91
101%-103%
__
..
95
-
102%-102%
102%-104
92%- 92% 92 - 95%
—
—
.
-
-102%
99%
-
....
..
__
103
92
22
98
104
81
73
102
-108
24
30-31
99 -101
98%- 99
96%- 98
91%-100
95 - 86
89 - 90
85 - 85% 80-88
85 - 86%
—
88-88
85 - 83
102 -102% 100 -100
98 -100
98 -100
45 - 45
50 - 52.
6o%- 67% 55-59
80 - 82% 84-86
79 - 80
103 -107% 108 -108% 108 -109%
104%-106
.
-
-
97%-100%
91-92
_
1st in. 100-104
income.
97
-108
98
-104
88-89
71 %- 73
97
100
.
_
60
coup.
cons. m.
-
-
87
72
_
Q.8s, 1st m. 108%-109
Chic. B. &
-
—
—
96%
88%- 88%
70
98
95
-
....
Chicago & Alton, e.f..
do
99*
-
70
98
94
21
105
-
86-87
72 - 72
98 - 98%
95 - 96
23-24
97 - 97%
95 - 98
95 - 95
53 52 - 55
50 - 55
50-69
61 - 64
76 - 77% 79%- 81% 80 - 82
75 - 16
73%- 74
71 %- 73
103%-104
108 -108% 102 -107
105 -106% 105 -107% 105 -106
1C5%-106 104 -105%
99-99
100 -102
102 -102% 100%-102
ioi -ioi% 101 %-102% 102%-103 100 -100% 101 *-101% 101%-102
conv.
92%- 93% 88 - 89% 89% - 90% 90%- 92%
94 - 94% 89 - 94
93 - 96% | 95%- 96% 93%- 94%
58
Joaq.Br.
ex
70
-
20
-
95
do Cal.&O.Br.
do State Aid..
Chcs. & O. 6s, 1st m..
do
-
Low. High. Low. High. Low. High.
107
-102% 103%-1C3% 1C3%-105% 105%-106% 102
100 -101
100%-101%
-100% 99%-101
-102% 102 -103%
86-86
- 89%
95
Central Pacific, gold..
do
Low.IIigh. Low. High.
-102% 101
-100% 100
99%
95
large bds
Buff. & State Line 7e.
Bur. C.K. &M. 1et7eg
Ced. Falls & M. lstnu
Cent, of N. J. 1st, new
do 1st cons....
do
-100
100
100
ioo%-ioo% 101
-101
86
88-88
89
70
73 - 74
- 7S
98
-101
- 99% 100
42
-
96%- 98
89
-103%
97%- 99
Septemb’r October. November December
August.
Mat.
March.
January. February
•
99%
-101%
-
100
99%-100
97%- 99% 98
-101% 102 -103% if)4
100
99
98%-100
-
95%- 97
80%- 83%
(January 9, 1875
THE CHRONICLE
'
36
YEAR 1874—Continued.
RAILROAD BONDS DURING THE
COURSE OF PRICES OF
1
February
January
High.
Low.
92
92
97
86
Ash.., new
Cleve. Sc P. con. s.
f.
3d m.
4th in.
do
do
Tol.,
Cleve. Sc
93
98
88
-
-
92
new.
98-99
88-89
98
100
98
-
-109%
88% - 89%
-100%
101
94
98
100
Low.High.
-
95
99
-102%
893*- 90
do
„
-
-
-
Low. High. Low. High. Low. High. Low. High.
97-100
100-100
97
95
-
1003*-100% 100%-101
88
91%
89% 90
-
-
-
...
....
....
....
-
....
....
....
-
....
-
....
-
-
....
103
-104
103
97
-103
84%- 86%
673*
2d m... 60
Del.& Hud. C.lst m'!)l 100,3*-101% 1U1%-103%
101
-102%
do
do 18S 4
|
do
do 1887
102 -104% 99%-103
102 -1C3
Del. L. & W. 1st in... ioi -102
100 -104
101 -104
2d m. 1C0%-101?* 102%-1C4%
do
103%-104% 103%-104
do
7s, conv. 97 -10.)% I 10-‘%-104
3(9
96
98% 97%- 97% 98
Dct. Mon. & Toledo.. 97%-:00
94-94
99
93
90
90
D. & Sioux City 1st ra
90
96
89
89
80 !
do
2d div. SO
103 -104
102%-104
101
-102% 102 -103
Erie, 1st m., exten...
96
96
do
1st m., end
100 -100%
99%-100
do 7s, 2d m., 1879.. 100 -100% 100 -101
98
98% 98
97%- 99% 100 -101% 98
do 7s, 3d in., 1883..
97
97%
97 - 98% 98%-100
do 7s, 4th m., 18,80.. 95% - 97
95% 95 - 96
do 7s, 5thm., 1888.. 90
do 7s, eons. m. g...
101 -101
102 -102
loo -loo
101 -105
Gal. & Chic, exten
99
C. C. & I. C. 1st in....
-
97
-
97
95
98
95
-101
97
97-97
95
97 - 97
99% 100 -100% 100
94%- 96%
95
93
-
High.
-'I...
913*- 913*
893*- 92
100 -101
100 -100
-1033* 103 -104
97% 96 - 97% 97-97
97% 97%- 97% 97
97%~ 98
81%- 82% 803*- 82% 80% - 81
81%- 83
90%- 91
58-60
59
59%
65
65
64%- 66
100 -ms
102%-102%
104 -1043* 104 -104
105%-106
100 -102
102%-1023*
10i?*-106
102%-1033* 104 -104
101
94%- 97%
80%- 90
64 - 67
95
-
963*- 97
94-99
94-95
94
-
Low. High. Low.
High. Low. High. Low. High.
Low.
97%-101
f
s.
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do
Low. High.
—
BONDS.
Cleve. P. &
August.
...
—
*
-102
-100
- 73
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101
99
.
•
-
-
-
_
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-
-
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-
-
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-
....
-
....
....
9S
94
95
S7%- 92
-
•
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....
-
•••••
-104
103
-
90-90
101 -102%
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103
....
101%-104>*
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103%-1043* 104 -106%
100 90%- 973* 97 - 97%
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9.)
90
-
2d
do
95
91
78
m...
Gt. West. 1st in., '88.
do
2d m., ’93
Han. & Cent.Md. 1st m
Ilan. & Naples 1st m.
H. & St. Jo. Ld. G...
do 8s, conv. ra.
Harlem 1st m. 7s, con
do
do
-
-
80
-
78
-
-
100 -100
100 -100
99 -100
91 %- 95% 95%- 97% 96-98
91 %- 94% 95 - 96% 96 - 96%
90 - 92
93%- 93% 91 - 91
83%- 85%
.,
-100
100
1st
cons, cou.,
-
.
Long Dock
Long Island 1st ra ...
Louis. & Mo. 1st guar
Mar. Sc Cin. 1st ra
923*
-
-100
-
82%
-
70
75
75
-
98
98
90
-102
90
102
-
93
76
75
-
-
75
-
.
.
90-91
- 103 -103
.
103
102
105%-107
i05
-106
102%-103
100
100
-100% 100
....
-100%
100
85
81
65
85
81
65
-
—
.
.
—
•
•
•
.
-
-
-
-
....
-
77
100%-102
-
85
-
70%
50
....
..
75
-103%
-103
-101
-100%
90?*- 973*
91%- 95%
87
-
68
71
08-70
62
-K3
55
103
.
77%- 78
108%-1093*
-1063* 108%-109%
99
-
68
-
00
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20-20
50-50
48 - 48
....
-
r
....
50
40
-
....
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40
-
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48
26
-
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.
....
-
..
46
-
81
105
803*
-
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87
85
-
-
....
95
40
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- 87
105
85
—
i
■
r
i
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.
-A"'
-
26
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85
85
—
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89%
82% 86
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-
-
ioi
-103
75-80
t
55
-105
-
-
...
108
—
t
100
79
107
107
-106% 106 -106% 107 -1083*11()5
no
99%-100
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100
100 —1003* 100 -101
-100
—
,
75
-106
75%
-
105
65
-106
- 75
85
104
75
—
-
94?*
-
96
94
-
96% 963* - 97
-
94
96%
-
-
...
94
97
96%- 97
96% 96%- 97
-
90
-
90
-
89%- 89%
96
90
98%
92%
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-
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,
.
.
.
82
-105
98%
96
-
93
92%- 92%
-
98
-101
....
87
100
98
87
-100
_
-
90-90
-
....
-
....
....
86
-
79%- 79%
80
80
105
98
80
81
-
-
78
78
-
-
8i
80%- 80%
80 % - 81
75
106
-107
100
- 99%
-105% 106
98
- 99%
81
77
-
77
81
-
81
80%- 80%
....
75
77
-
76
-
-106
-102
i04
103
-106
-104
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91%
-
....
--
80
100
100
99
_
-109
84
83
-
89
-
-102% 103%-163%
99%- 99?* 100%-101%
-1023*
108
-112
-100
—
82-84
-100
-100
109
-111
80
75-84
-111
111
-
...
72%- 72%
75
65-65
-
84 90 80 71 75 81 %-
80-83
77%- 77%
79
-
-
75
_
104
-1063* iae%-io4
-100% 1003*-1023* 102
943*
99%-100% 103%-103% 99%-100%
90-90
903*- 90%
86% 89
92
-100
-
71
75
65
71
75
65
-
83
88%
-
71
71-72
70
-
75-80
85?*
90%
81
75
75
83
75%- 70?*
105% 107% 108 -1083*
71
74
-
105%-105J* 106%-107% 1073* 109
101 -102# 102 -102% 10-2%-lC2%
KX)%-101
91
_
—
-
94
103
100
-
94
94
-104
-100
__
.,
...
92
91%- 92
—
-
91
-
92
-
92%- 92%
94
-
92-92
_
90-90
93 - 94%
25 - 35
35-35
-
40
92
90
91
90
91%- 91%
-
75
- 73
79-79
73
77
-
94
99
91
99%-100%
93
90
-
81%- 84
....
....
99%
-
91
90
100%-102% 99 - 99% 100 -101%
104 -105% 102?*-1W% 104%-105
102%-104
104 -104% 104 -106% 106%-107% 107 -108
91 - 91% 92?*- 9-3%
89 - 90% 90-90
....
86
98
.
-
...
-ion
-1(3
98
97%- 98% 99
-100% 102 -102% 101
100
-
97%- 98%
111
99
-
,,
,
-
82%- 84
100
-
_
-
92
99
i
96% - 98
97-98
98-98
89 - 89
86 - 86
88-89
....
983*
893*- 90
97
—
_
-
—
35
.
_
_
-
99
97-99
97
89%- 89%
-
-
101%-
-
-
90-91
....
95% - 96%
96%- 97%
953*- 97%
S5%- 96
95
95%
95
95%
89%- 89%
-
-
-
....
82-83
873*- 89
99 -100
101%-lv)2% 102 -102%
100 -101
-100
100
96
973* 98 - 98%
- 98%
94%- 95% 94% - 96
963*- 983* 98 - 98%
110 -111% 110 -111
109 -110
107 -108
1U7%-107%|106 -109 106%-109
99 -.99%
99
99 -100% 99
97% - 99% 100 -101% 101%-1C3% 99 -100
101
-105
104%-105% 101 -102% 102%-103% 102%-103% 102%-103
103%-104
103 -104
10?%-107% 105 -105 105 -106 106 -107
105%-105% 100%-107
92
91%- 91%
91%- 91% 9 2
95
94
- 94%
95% 94-94
80-80
88-88
86%- 83%
80-81
76-80
91%- 91% 90%- 91% 87%- 88% 87 - 883* 87%- 87%
76
76
79%- 79% 77%- 77%
79 - 80
81 %- 82% 81 - 81
80% - 83
79%- 79%
79% - 80
70
103
96
-
98
91
_
-
-
75
-
_
_
923*- 95
94%
97%
-
75
72%- 72%
95
95%
97 - 98%
96%- 96%
71%- 75
94%- 96
96 - 97%
95%- 95% 96%- 96%
90 - 923* 87%- 92
87%- 90
70
73
963*
96
-
70
-
73
95
-
.
95
96%
-
88-89
88-90
96%- 96%
88-88
96 - 96%
96
-.98%
90-90
-
94%
94
-
90
95
97%
97% - 83%
94
-
99%-100
25
_
30%
-
‘
_
_
90 - 9 2
do
6s,’87.... 88-90
do
fs, R. E.. 85 - 88
do
6s, sub... 85 - 83
do
7s, ’76 .. 100 -102
do
7s.cou.’76 102 -102
do
7s, ’65-’76.
do & Hud. 1st cou
do
do reg.
N. Y. & N. H 6s, 1st. 98 -100
80 - 84
North Mo 1st m
Ohio & Miss. cons.s.f 86 - 91
..
....
.
consol..
2d cons.
Pac. R.7s,guar, by Mo.
Pac. R. of Mo. 1st M.
1st Carond't Br.
do
do
2d m
923*- 95
903*- 94
90-93
83 - 93
100
-101
101
-101
91
91
101
93%
%- 93%
-102%
-
-
90
90
100
100
i 04%-107
105
-106
-101
105
-106% 105
-1063* 105
101
-101
104
100
853*
93
93%
90%- 91%
853*- 87% 85
92
-
98
-
-
93
73
-
79
95
78
-
97
92%
79% - 81
96%- 98
-
82
79
-
70
-
70
72
-
863*- 91
91
-
79
....
80
98
-
81
-
98%
92
91
73
98
78%- 79
78
70
7i
-
71%
-
-
-
m.
97
ra.
9)
101
-
98
-
94%
-101
equip.
Quincy & Tol. 1st, ’90 85%- 87
Rome W.& Og.con 1st
1033*-105% 105
99%-100% 101
95-97
102 -102
94
88-89
88
95 - 96%
93 - 95
91 %- 92
- 94%
92%- 93%
94
95
-
993*
76% - 85
....
-
....
95
98
-
97
99%-100
95
-
95
...
....
97?*- 98
97
97
“94
100
_
-
72
-
72%- 72%
72%
1053*-105%
-1063* 106 -107
rl01% 101 -1013* 190%-102%
94 - 94%
97% 93% - 94
-
-
72% - 75
60-60
85-85
106 -106% 101 -103% 104
100
101 -102% 99 -100
94 - 95% 95 - 97% 96
109
-104% 104?*-107% 107%-109
103 -1043* 104
102 -102
-102
95
92% - 93
96
92% - 95
-111% iio
-101% 102
95
-
-iio%
-105
98-99
-
_
_
_
_
-
83%
89-89
80
-
80
82%
-
83%
80-80
75
67
-75
-
67
70-70
65-65
_
_
_
__
95% 93% - 95%
K3
83!*- 84% 83
92% - 94% 95%- 96%
94
-100
97
97
-
_
St. L. Sc I. M. 1st m..
2d m..
do
St. L. Jac. & Chic. 1st
Smitht’n & Pt. Jef.lst
South Side (L. I.) 1st.
do
S. F.
Tol. P. & W., 1st, E. T)
do
lst,W. 1).
do
Bur. div.
do
do 2d ra.
do
consol. 7s
Tol. & Wab. 1st ext..
do 1st m.St.L.div.
do 2d ra
do equipment....
do cons, conv
Union Pacitic 1st m...
do
L.G. 7s...
do Income 10s.
do Sink. Fund.
Western Pacific
Western Union
Winona & St. P. 1st..
do
2d m.
96%- 98%
-
_
_
C. 1st 103%-104
943*- 95
92%- 923*
89
90
89
89
96
92% - 94%
90 - 91
88 - 89
88
92%- 94%
88-91
913*- 92
88-88
88
-102%
101%-102% 100 -100% 100%-100% 102%-102 102%-102%
-101% 101%-101%
101%-101%
-101% 100 -100
-101
100 -101% 101
101%-101%
106 -108% 1()4%-105
104%-104% 105?*-10S% 109%-110?* 1103*-U2% 112 -115?*
-105% 105?*-107
110
-111% 111%-115
108 -108
1043*-104% 104%-104% 10o3*-108 109%-109%
-105% 105%-106%
100 -101
101%-101% 102 -102% 993*-100% 1003*-100% 100 -JO 1%
96 -106
100%-101
- 98
80 - 80?*
80 - 81
80%- 84
82-82
84-84
81%- 81% 81 - 82
82%- 85
97%- 99%
90 - 91% 92 - 94% 94?*- 97
89 - 90% 92 - 93
- 92%
91%- 92
90%- 91
90 - 91% 87% - 883* 89 - 90% 90 - 90% 91%- 92% 92?*- 943* 95?*- 99
86 - 89
91
74 - 77% 74 - 75% 75 - 793* 79 - 80
74 - 77
70 - 74
73 - 74
65 - 73
73
100 -100% 100?*-100?* 99 -101%
100 -100
97%-100 100 -100
99 -100
97%- 98
- 98
90-91
80% 86
76 - 78% 78-80
79J*- 80
78 - 79% 79 - 79% 80 - 81
- 78
70
70 - 70
60-73
60-60
80-82
69 - 78
66-69
67 - 67
7i,3* 69 - 72 72 - 72 67 - 72
91% 36
92
86
100
-100
101
100
-
78-78
Pekin Lin. & Dec. 1st
Peninsula 1st m. conv
8s.
92% 94%- 95
93%- 94% 9i
93
92%- 96
93% 93%- 94
95
96
94 %- 95
_
....
....
....
99
-
-104% 103%-104
99% 101 -101%
80% - 88% 81%- 88?*
1053*-108
45-50
75
-
-
....
-105
105
-108
70
—
-
99
102
103
100
99
-
*25
106
-100
100
73
-105?* 105
-1013* 102
-102% 100
102
_
i07
4
-
-101% 101
80-80
35 - 45
30 - 30
-
—
.
104
-101
00-60
77
-
-104
t
4
78
-105
-105
78
105
105
783*
-
102
100
...
....
,
,,
-105
-105.
75
105
105
-100%
100
-101
..
-100
-
....
96%- 973*
96%- 98%
-101%
101
80
993*-101
83
63
99
-100%
99%-101
101% 102% i04
-100% 100%-101
100 -100
98
923* b7%- 87%
76 - 76%
75
-
-100%
98-99
93 - 96%
93 - 95%
97%
-
993*-100
91%- 95
99%
•
•
97
-100
98
98
100
-
-101?*
-in?
—
-102
101
853*- 85% 80-80
104 -108
105 -107
70
- 70
-104
101
105
105
—
—
98%-100
100%-102
-103% 100
101
98
91
75
-100
76
-107
100
75
105
-100
-107
-
100
79
76
-
99%
-
793*- 79%
-103%
-103% 104%-107
-106%
..
-ioi%
_
M.&St.P. 1st m.8s,PD lO43*-109
do 1st in. 7 3-10, PD 933*- 94%
do 7s, gold, R. D... 84%- 86
- 91%
do 1st in., La C. D. 91
do 1st m., I.& M.D. 80 - 82
do 1st ni., I. »fc D...
do 1st in., II. & D ..
do 1st m., C. Sc M..
do 2d in
Morris & Essex lstm.
do
2d in.
do
bonds 1900
conv.
do
construe.
do
do
7s of 1871
N. J. South. 1st in. 7s.
do
cons. 7s.
N. Y. Cent. 6s.’83.
—
93%
-102
100
99
93
75
-
83%- 86%
_
90
95%
do 1st m. 8s,'82, SF 107 -108
Mich. So. 7s, 2d in
943*- 97%
R)1
-103
M. S. Sc N. I. s. f. 7s
•
96
i06
-
...
2d
3d
-101
-105
-102
-103
...»
Mieh. C. cons. 7s, 1902
do
do
do
100
104
102
102
....
-
93
-
...
2d
Pitts., Ft. W
-100
81
-105
—
loo
105 -106% 106 -106
106%-108 109 -110
97 - 98% 99 - 99
98 -100
95 - 98
96 - 97
95 - 97
103 -104% 1013*-102%
_
90
79
105
-
2d
reg.,
-102
-103
883*
-
,,
cons, reg.,
-104%
103
-100% 102
102
-102
-101
100
99
99
-
-
104
do
7s,3d m..s.f.75
10*2
Ill. Central 7s, 75
Til. & So. Iowa 1st ra.. 88
Ind. Bl. & W. 1st m..
2dm...
do
Iowa Mid. 1st in., 8s.. 83
Joliet & Chic 1st in.. 100
Kalamazoo «fe W. P.lst
La Cr. & Mil. 8s, 1st m.
Laf. Bl. & Miss. 1st m
92
Take Shore, div
94
do
cons, con., 1st
do
do
-
97
98
70
77
-
100%-102
92
81
70
833*- 84
70
77
80%
-
-
con. m.<fc s.f. (is
Hud.R.7s.2dni.s.f.'85.
cons,
93%
84%
-
-
reg.
do
do
do
97
-
80
80
95
86
-
90
97
93
83
97
96
83
-
- 95
104 -106
-106
96-99
98% -100
67 - 69% 67 - 09%
20 - 20% 25 - 30
-102% 103
—
-100%
98 - 99
92 %- 92%
-
....
102%-103
-102%
-101%
90%- 97
_
_
..
92
91
-
12
101
92
91%
-
102%-103% 1033*-104% 100%-101
100
-100
- 96
-
-102
100
....
101%-102% 103
99
-
D3
94
_
-
105
104%-105
-
-104%
-105%
104
-105
-102
-
—
_
101%-104
96
98%-100%
99 -1003*
98%
-101%
98%-10)
98%
-
97
101
101
90
102
96
98
68-71
20-30
106%-!07
102%-104% 104 -106% 106%-107
104 -104% 106 -1063*! 100%-10()%
103 -1(>3
100 — !<*0
102 -102
69
22
..
101
cfTiiKK
November Dec
Septemb’r October.
July.
June.
May.
April.
March.
-
-
96-96
70 - 70
90-90
93
90-90
-
93
-
-
.,
93
91%- 93
-
97
89-94
82%- 85
57
59
95
96%
82%- 87%
•60-64
45-59
96 - 96%
94%- 96
-
85 - 87
61-64
92%- 95
-
85%- 90
61%- 70
96-97
—
72
-
72
91%- 91%
90% - 93
70%- 72
97
• * • *
-
97
*
—
_
96
__
96
-
80-80
77-77
78
__
-
78
80-80
—
_
70
68
-
si
85
-
-
80
81
-
88%
82%
75-80
....
80-80
76
-
78%
79
74
-
74
78
-
-
76
70
-
79
-
72%
79%- 81
70
72%
-
71
-
72
.
80-80
,72
-
72
80%- 81
71%- 74%
75-80
82%- 82%
70
-
80%- 803*
71
69
40
40
40
40-40
-
71
_
—
__
583*- 583*
_
_
_
59
67
60-67
50 - 65
50-60
97 - 98
86 - 893*
65
86%- 87%
93
86
863*- 91
90-90
89
72 - 72
75 - 81
81 %- a5%
76 - 813*
73%- 80
_
85%- 87%
93%- 96
95
95%
-
_
-
59
-
51
59
-
56
-
95%
86
89
93
80
88
-
943*
83%
—
88 '*
-
93% - 953*
91-95
76-80
82 - 83%
77%- 80
86%
85 - 86
81 %- 84%
72
75%- 88%
_
87% 87
97
96%- 97
-
-
87%
98%
70
85
-
78
-
863*
81%
81
-
81
56-56
84%- 86%
71
-
71
87%)
84?*- 87%
753*- 80
75%- 85%
70
-
71V*
82 - 82
98%- 99% 963*- 97
87
-
963*
91
-
-
78%
77
-
- 79
64-64
*
86 %- 87%
77 - 86
78 - 80
66 - 63
85 - 85%
96%- 97
73-75
86-86
70 -72
71 - 73%
56-59
87%- 88%
88% 85-86
903* 89-90
75% 733*'- 75
883*
-
....
-
-
-
-
-
-
,
65
_
-
93%
77
84?*82%- 84% 833*- &4
79
813* 82%- 843* 84 76
86% 88 85% 82
66 %68-71
64
63
82
82% 82%97
98% 98 - 99^ 99%-
_
l-
78%- 79%
-
-
-
65v (....
50-50
84
99%
-
50-50
45-50
85-85
70 - 72
65-75
65-67
95
77
78
66-66
—
40
^,
_
72%- 763*
81%- 82
81%- 83%
87 %-
59
_
.
—
85
-
__
83
100
t
t
# -
....
86
70
-
90%
74%
68%- 72%
82
-
-
66
-
56-58
47
-
89%- 91%
86% - 88%
89 - 90%
74%- 76?*
- 84%
84%- 85%
-102% 98%- 99%
—
-
....
-
70 -70
65-65
92%
743*
643*- 73%
49
92%- 94%
83?*- 89%
90
-
95
77?*- 8l
85-87
99%- 993*
75
-
75
60-65
January 9, loi5 J
THE CHRONICLE.
37
COURSE OF PRICES OF RAILROAD AND MISCELLANEOUS STOCKS IN THE YEAR 1874.
(Compiled from all sales of stocks at the New York Stock Exchange).
January. Febru’ry
May.
April.
March.
June.
July.
Septem’r
August.
Jnovembee
October.
STOCKS.
December
High. Low High. Low High.Low’ High.Low High Low High.Low High.Low High.Low High.Low High.Low High.Low High.Low.
K. R. Stock*.
92
'
96 - 93* 94*- 94
94*- 94
94*- 94*
22
17* 18*- 15* 16*- 12* 16 - 13*
Bost’n Hartf’d & Erie
3*-' 1*
2-1*
1%- 1*
3*- 2*
1%- 1*
107 -105
Cent, of New Jersey 104-98
109*-103* 107*-104
108*-104
73 - 72
72 - 71* 72
72
Central Pacific
71*- 71
115 -106* 106 -103
105 -102* 103 -101
110 -103
Chicago & Alton
95
do
scrip.
97*- 97* 95
do
115 -109* 107*-107
pref.. 112 -110
107*-107 107 -106
112 -105
106
97
103 -102
Chicago Bar. & Q
104*-103* 104*-101
Chicago Mil. & St. P. 49*- 41* 48*- 43* 46 - 39* 44*- 34* 37%- 31*
do
7*2 - 7*2
scrip
80*- 77* 78 - 77
do
pref. 73
55* 55-48
66* 74%- 69* 70*- 63* 64
47
Chic. & Northwest..
39*
50* 56*- 43
62*- 57* 61*- 56* 58
do
69* 78*- 72
66*- 57
74*- 69* 72*- 63
pref. 75
Chic. & Rock Island.. 106 -100* 109*-!04* 108 -103* 107*- 96* 99*- 94*
Cleve. Col. Cin. &Ind 80-76
81
75
67-64
75*- 65
89*- 78
Cleve & Pitts., guar.. 89*- 85* 90-87
89
89*- 87
90*- 86
87*
Col. Chic. & Ind. Cen. 32*- 27* 32*- 30* 32*T 28* 32*- 20
21*- 18*
Del. Lack. & West.. 105*- 99
112*-105* 111*-107
108*-104* 1109*-106*
Alb’y & Susquehanm
Atlan. & Pacific pref
-
91*
19*- 12*
....
...
- 93*'94-94
16*- 13* 16*- 13*
1 x- 1
1**
-105
i04*-
93
65-65
56-55
104
_
-
98
—
85-85
83*- 80* 82
-
—
_
Louisville & Nashv
Mar. & Cin. 1st pref..
do
2d pref..
53-53
Michigan Central
95*- 78
97-97
—
92-91
59
-
76*
80*- 73* 77*- 73*
65-65
58*- 54
Maryland Coal
Pennsylvania Coal..
Spring Mt. Coal
Brunswick C. L
Canton
Cent. N. J. L. I. Co.
“
92*- 90
-
1
10
77*- 75
-
122 -117
9-6
92
94
81*- 73*
76*- 70* 74*- 72
16
-
16
-
-
75
-
69*
75
_
78*- 78
86-66
66-63
45 - 39*
65*- 60
40
29*
-
118 -110
93-90
116*-115
94*- 92
85*- 85*
85
-
-
72* 78
-
-
73%
-
10
11
—
-
....
~
97*- 96*
94%
....
93*- 98*
-128
129*-129
3-2*
128
72 - 72
20-12
39 -31
-
-
-
73
75
14
.33
12*- 12
11
6i *-
53
-109
-
80
-
11
33 - 33
54-28
80
10
30
80
_
38 - 22
27-20
28*- 24* 25*- 24
155
-
-155
_
-
80
10
27
80
-
.....
80
80-79
....
14
-
15
-
22
-
-
_
__
44
62
40
65
51
23
-
-
-
-
41*
-
50
49*- 41*
62
57*
17*- 16
-
78
72
82*-
73
63
44
j
20*
24*- 22*
1 285 -272* 285
-250
15
21*- 20*
-
72*
70
!
| 49*- 45*
-
53
50*- 40 I 65
3*- 8*! 3*- 3*
79
73* 82*- 72*
-
-
45
-
-
....
-
7i*
66
-
66
48
-
47
34*- 25*
|
48%- 37* i 45*- 40%
5*2
48
59*- 54
-
17
75
80
66
-
16
75
68
65
19
....
280
72
-
-
|
38*- 33*
37 %- 83*
26
.,
-
15*
-
...J
39
19-15
-
-280
58
29*- 23
28%- 25
*_
-
85
48
17
-
45
-
15*
-
42
76
] 69
8%
-
6*
6
-
1
5
j
5-3
-
22*!
-
16
69
-
14*
75*- 70
60-60
44 - 41*
-
-285
67
35
!
-
55
45
-
-
32*- 18*
38-30
-
35
36% - 34
85
37*- 33*
90-90
-
i5*|
51*- 44* 45*- 43%
40*- 39
20
17*
41-40
19 - 14
-
80*- 76*
-
..
•
-
19
48*- 43
47*- 45
19*- 17*
.
-240
66
245
67
-
58
-
56
6*-
3
..
£45
-
-
-245
75*- 70
—
59
_
83%- 78*
.
68-66
-
_
81*- 78
-
47*- 46*
20
19*- 18
_
81 %- 78*
60-60
47-43
20 - 18
240 -240
45*- 33%
4!*- 40
48 - 43*
20-19
250 -243
70-68
—
_
59
64-56
61
-
59
40-40
3
2*3*-
-
_
24
...
-
-
23
....
2*
3*
30*- 25
34
-
30
.
•
•
•
~
.
.
•
•
6-4*
—
__
34*- 30%
40*- 33*
34
-
29
39*- 34
36*- 30
48
-
37
5-3
3*- 8*
35*- 32*
45*- 44
—
_
_
_
98
108 -105
109*- 99
62*| 63*- 61* 64
60*
69
67
66* 67*- 67
77-77
76
75
79*- 79
19 -116
17 -116
19 -116* :
-
21
32*- 29
_
77*- 73*
_
5-3
25-25
29-29
35 !*- 30
2*!
i7
15*- 14
71*- 70
-
4*-
26*- 23
-
32*- 29* 28
35
33*- 35
2*3*- 3*
98* 99*- 96
65
62* 63*72
71* 71*-
-
-
108
-107* 109*-107
60* 60% - 60% 62
67
68*- 67* 67
77
80*- 73
74* 79
115
19*-114
: 14*-113
08
61
70
-108
-115* 116 -113*
64
65*- 62
63* 65-60
-
-
60*
-
-
60
60*
66*- 64*
-
79
80-80
120
65
65
84
79*
81
-
.114*
16*-115
116*-115%
17
-115*
-
-107
116
62
_
__
__
55
45
55
-
_
-
_
-
385
73
-
j 73*- 70
_
-
41
_
48*- 44*| 51*- 47*
48
_
77
24*
26
26*
35*- 28*
29*- 27* 37*- 28* 37*- 33*
__
77
-
*
45*- 39*
43-40
19 - 17
-
!
-
-
30
_
_
; 75*- 69
...
20
27
40-40
_
__
j
46*- 43*! 43
-
-285
58-58
39*- 29
—
Wells Fargo Express. 70
75* 78 - 76
69* 78
Del. & Hud. Canal... 121 -113
:i9*-ii5
118*-116*
Harlem Gas
Manhattan Gas
215 -215
New York Gas
135*-135*
Bankers & Bro. Ass'n 80-80
90-90
90-87
Boston Water Power. 20
18*
Union Trust Co.
1 25 -125
Farmers’ L’n & Trust
-
2*
35*- 31*
_
38% - 30
45
Mariposa L. & M. Co. 11*- 8 '
9*- 8*
do
pref.
Quicksilver
*
35*- 30
30*- 28
do
35-33
pref
40*- 35*
Union M’g Co.of Tenn
4
3*- 3
3*
Adams Express
95*- 92* i 99-94
American Express... 63
58*| 65-64
United States Express 71
68* 73-70
-
.
26*- 26
26*- 16*
_
41*- 34*
_
_
-
24
-
77*- 77*
_
—
_
19*- 16*
16*- 15*
46*- 38
-
_
80
-
18
2*-
55*- 49* 54*- 49* 49*- 43*
71
71
T71*- 71*
38*- 31*
S35*- 30* 35*- 34
-
25
10
-
-
_
4-4
44*- 38*
__
18
125*-125
-125
_
27*- 25
14
12
21
-
112 -112
72 - 7 2
11-7
-
_
__
25-25
28-25
-185
33*- 29*
__
109 *-109
109*-109
-
_
28*- 24
_
-
-108
108
-
139
-
_
110%-106*
-
—
102*-100"
—
_
50*
-
__
iio -lio
99*- 95*
130 -128*
61
61
53
62*
55*- 54
48 - 36* 47*- 46*
39*- 38* 38i4- 36
116 -111* 114X-110* 116 -114* 11HX-114
93*- 90* 92*- 90* 96*- 91* 93% - 93*
-
-108
73
-
_
-
_
109
49* 71*- 63
29* 34*- 30
_
55
-
_
i09
-
_
-
—
%
_
50-45
46-40
48-45
48* 47*- 40
35
42-40
40
42
39
37*
37* 41
42*- 37* 41
117 -111
115*-101
108*-103* 111*-106* 112 -101* 112*-111*
92
95*- 93* 95*- 92* 94*- 93* 95*- 93* 94
93*- 92
-104*
106
75
16
35
85
t
_
98*- 97
8
3*-
8
-
83*- 77
_
_
97
13
ie
16
-
55
_
104*-103
270
77
_
_
97*
_
_
-
-
-
_
17*- 17*
68*
-
18
_
ios*-
-
13
105*-104*
96* (l00%- 97* i6s*-i66
99* 101*- 96* 98*- 95* 101
104*-100% 102X-100* 102*-101*
131 -129
133 -131
-122
133 -127* 129*-128
130*-129* 133*-129* 134*-138
139*-134*
133*-130* 133*-132
32
29* 31*- 24* 26*- 22* 26*- 21* 26*- 23* 25*- 21* 29*- 23* 29*- 26* 83*- 27*
30* 34*- 31*
104*- 99* 105*-103
50
—
is
-
_
101
S
-
__
24*
33*
-127*
-
98*- 98* 98*- 98*
82*- 79* 81*- 78*
83%- 78*
_
is
_
-
48
_
__
92* 95
93* 97
94* 97* 98
95*- 93
122 -120* 123*-123* 121 *-121
124*-122* 124*-124* 125 -125
4
7-4
4
3%- 3*
6*- 6
-
99*- 94
92*- 90
8
77*- 72
18
-
-
130
_
-
8
—
-
-
j....
16
95*- 89* 89*- 85* 85-73
10
14* 10
16*- 15* 15
92*- 89* 93
45
27*- 24* 27
35%- 29* 35
-127* 131 -129* 181
28*- 23*
33
28*
_
.
-
29*- 26
_
96*- 93*
_
10
125
do
pref.
Union Pacific
Warren
JTIiscel’s Stock*.
Atlantic Mail
Pacific Mail
Am. District Tel
Atlantic & Pac. Tel..
N. Y.Gold & Stock Tel
Western Union Tel..
American Coal
Consolidation Coal...
_
77%- 67*
—
—
16
12
29*- 26%
96-96
_
59
_
36-27
56-56
__
...
Tol. Peoria & War...
Tol. Wab. & Western
105*-100% 109 -103*
39*- 32* 40*- 35*
_
__
84*- 77*
-
..
-
_
_
-
-
-109
-
34*- 31* ! 38*- 33*
48*- 47* ! 55 - 50
26*- 24* 28*- 22*
33 - 29*
32*- 30
126 -123* 131 -125
-
Stonington
109
-
_
—
_
70
32
-101*
-
-
130
36
105
34*
-
-
.
New Jersey
New Jersey Southern
N. London Northern.
N. Y. Cent. & H. R..
N. Y. N. H. & H
Ohio & Mississippi...
do
scrip..
do
pref...
Pacific of Missouri...
Panama
Pitrs. F.W. & C. guar.
do
special.
Renss. «fe Saratoga...
Rome & Watertown..
St. Louis Alt. & T. H.
do
pref.
St. L. I. M. & South..
St. L. K. C.&N. pref.
Sixth Avenue
98*
...
51*
-
-
-
-
i02%-
98*- 97*
30*- 90*
54*- 52* 1 54 39*- 36* 41*58 - 54* i 57*53
95* 103*- 98* 104*-
51* 58
35
43%53
60*62* 101*-
50*- 46* 47
37* 40*- 34
36*- 34*
26* 33*- 30
do
75
56
61 - 61
75
55-55
pref
74*- 72* 70
64* 65
47*- 47*
Hannibal & St. Joseph 34*- 27* 31*- 30* 32% - 29
31-25
33*- 26
28*- 23* 27*- 25
do
39* 41 -37* 39*- 31* 33*- 30* 82*- 29* 32*- 31
43*- 37* 42
pref.
Harlem
126*-118* 134*-124* 133 -129 129 -125* 129 -127* 129 -125* 125*-123*
do
129 -129
118 -117
pref
Illinois Central
103 ^100
99
108*-102* 105*-103% 104*-101
101*- 98
99*- 94
96*
15
98
-
-106
-
60-60
—
—
51*- 46*
Mo. Kansas & Texas.
Mobile & Ohio...
Morris & Essex..
-
108
_
-
-
.
i07*-106
ie*- i5*
59
51* 53-50
50* 58*- 56
35* 41* 36* 46*- 36* 48-43
57
52
1 62*- 52* 62*- 58
51
99* 104*- 96* j 101*- 96* 103* 100
78-65
75
71
71-64
66
64
66-62
68-67
69*- 59
87*- 87
88*- 87* 89*- 86* 87*- 87* 87*- 87 ! 89 - 67* 88*- 87*
14
20*- 14* 19*- 15* 16*- 11* 15-8
8* j 11*- 9* 1<%- 8*
110%-106* 107%-105 109 -107 i 110*-108 108*-106* 109*-108* 109*-107*
60*44*62*102*-
-
-
Long Island
ioo
99
93
108
-
-
__
-93
,.
-
do
scrip
Ind. Cin. & Laf
Joliet & Chicago
Lake Shore. 7
1
103 106*-103*
106*-105% 106*-
-102*
104
93
.
.
96*
18*- 12
105 -102
107*-106
-101* 102*-loi
105*-100* 107*-103* 108*-102* 103 -101* 103 -100
41*- 31* 89*- 32* 36*- 33% 35*- 32
35*- 32
-
-
Erie
1*-
99
95*- 95
12*- 11*
IX%
_
-
Dubuque & Sioux C.
-
....
94*'95-95
14*- 10*
-
14*- 14
1*- 1*
_
-100
104
...
-
_
95
_
-
-
...
108*-106* 108
—
-
....
97
-
...
-
-
....
25
-
-
-122
82
—
-
...
__
_
__
i
....
_
........
1 40
...
-
...
....
1 40
37
-138
•
....
...
-
....
...
-
...
-
...Jl 85
-185
_
_
-
-136
__
_
....
...
—
36
-137
...
_
...
_
_
-
-140
•
....
..
-
-
...
::::i
...
-
—The Secretary of the Interior has decided that no lands shall 1st instan', and the business will hereafter be conducted by th e
be patented to the Union Pacific or Central Pacific Railroads un¬ date partners Messrs. Alexander Maitland and L. F. S. Maclehose
der the Congressional grant, until they pay the cost of the surveys find the newly-admitted member. The old firm style, so long and
of lands heretofore patented to them.
favorably known in the cotton and tobicco trades will be re¬
tained.
—The Chicago Burlington & Quincy Railroad gives notice,
—The Germania Fire Insurance Company has declared its
through John N. Denison, Esq Chairman of the Board in Boston,
,
twenty-eigfith dividend of 5 per cent, from the business of the
past six months, which, in the case of this Company, has been
that proposals will be received till Jan. 28, at noon, for the sale
to the company of four hundred of the sinking fund 8 per cent,
The dividend is payable on demand at the office
175 Broadway.
—The old-established firm of Edmund D. Randolph & Co. have
opened a branch of their house in Philadelphia. The name of the
firm in both cities is now changed to Randolph, Bickley & Co.
Mr. Wm. J. Black has also been admitted to an interest in the house.
very profitable.
of the Company,
mortgage bonds.
—The JEtna Insurance Company, of Hartford, has issued its an¬
nual statement.
The capital of this highly prosperous Company
is $3,000,000. The cash assets, at market value, on the 1st in¬
stant, amounted to $6,497,275 94, and their liabilities are about
$245,000.
surance
Mr. James A. Alexander, whose reputation as an in¬
and as a gentleman are of the highest character,
charge of the Hew York Agency.
man
continues in
—Mr. Robert L. Maitland, son of the former senior of the firm of
B. L. Maitland & Co., was admitted as a partner in the house on the
j
'
—The Hanover Fire Insurance Company has declared its usual
semi-annual dividend of five per cent., this being the forty-fifth
dividend declared by £h.e Company, payable on demand at ths
office, 120 Broadway,
68.5-20,18657
STATEMENT FOR JANUARY, 1875.
following is the official statement of the
debt,
at
during the week.
public
from the books and Treasurer’s returns
of business on the last day of December,
Debt bearing: Interest
Wben
Authorlz-
In Coin.
Interest
Overdue.
$1,000.
iag Act.
...
June 14,’53.... 1874
Debt Bearing:
Lawful Money.
Principal.
Interest in
107%
104%
103%
104%
103%
Debt Bearing: no
(Western)
#
Wheat (Red W’n. spr)..$i ctl 8
9
(Red Winter)
10
(Cal. White club)
39
Corn (W.m’d) n’w $ quarter 39
Peas (Canadian)..
Quarter 43
43
Interest in
Total debt bearing
Debt bearing
Interest In coin
Interest in Lawful
percent
Certificates at 4
Navy pension
Money—
Total debt bearing
Interest In lawful money...
since Maturity.
Debt on which Int. has ceased
Debt bearing no Interest—
gold deposited
interest
Total debt bearing no
Unclaimed Interest
Total
principal and interest, to date,
presented for payment
Total debt,
Amount in the
fined
for redemption
provided by law
Total
Debt, less amount In the
Debt, less amount in the
Treasury, Jan. !,
of certificates of deposit as
1875
Treasury, December l, 1874
Increase of debt during the past month
Decrease of debt since June 30. 1874
Bonds Issued to the Pacific Railroad
Character of Issue.
Rosin (common)...
$25.8«5.120
6,303,000
Union Pacific Co
27,236.512
Cen. Br’h Un. Pacific..
1,600,000
Western Pacific
1,970,560
Sioux City and Pacific...
1,628,320
Central Pacific
Kan. Pac., late
U.P.E.D.
$7.6,553
189.0 *0
817, 95
48,000
59.-.16
bear six
30 years
“
(spirits;
Pallowf American)...$
37
26
on spot, $ cwt
Sperm oil
$ tuniOS
“
Whale oil
30
Linseed oil... $ cwt.
English Market
pool for the past
Imports and
week show an
26
37
9
0
0
37
26
s.
Tues.
£ s. d.
d.
2G
0
10
25
26 6
0 0 105
10 0 30
25 3
6
0
0
6
d.
5
r,
9
0
9%
9
9
9
0
0
42
9
0
0
37
26
42
87
9
0
26
0
oil has advanced
Wed.
Thur. Frl.
£ 8. d. £ s. d. £ s. cl.
11 15 0 11 15 0
58 6
Frl.
8.
9%
9
42
Fri.
d.
77 6
82 0
47 9
6o 0
69 0
s.
11 15 0 11 15 0
58 6
58
58 6 58 6
26 6
26 6 26 6 26
105 0 0 106 0 0 105 0 0 105 0
30 10 0 30 10 0 30 10 0 30 10
25 9 26 0 26
25 6
6
6
0
0
0
MISCELLANEOUS NEWS.
Exports for the Week.—The
increase in both dry goods and
Tntprpat.
22,124
$82,587,449
13.952,931
41,200,000
*137,740,381
2.142,598,302
2,138.938,334
1873.
1874.
$1,499,643
4,787,261
$778,816
1,997,633
$1,260,997
3,710,140
$4,912,151
$6,286,904
$2,776,449
$4,971,137
3,814,872
Total for the week..
426,226,198 384,194.013 380,355,233
Since Jan. 1
$376,513,727 $432,513,102 $386,970,462 $385,326,870
In our report of the dry goods trade will be found the importsof
dry goods for one week later.
The following is a statement of the exports (exclusive of specie)
from the port of New York to foreign ports, for the week ending
371,601,576
Previously reported....
United transp’tion by Unitec
States, of mails, &c. States.
$9,174,590 $1,164,814 $8,309,775
2,725.713 1.327,722 1,397,990
10,250,133 3,;>60,155 7,189.978
685,808
31,924
653,S83
604,146
9,367
594,779
585,C04
(Sngtisl) Ntws
Reports—Per Cable.
London and Liver
Jan. 5:
EXPORTS FROM NEW
YORK FOR THE
1872.
For the
$3,199,209
week
Previously reported....
1873.
WEEK.
1874.
$4,908,685
$3,513,906
1875.
$4,249,239
$3,199,209' $3 513,906
$4,908,685 $4,249,239
The following will Bhow the exports of specie from the port of
New York for the week ending Jan. 2, 1875, and since the
beginning of the year, with a comparison for the
Since Jan.
1
previous years:
29—Str. Lessing
date in
Dec.
Dec.
30—Str. Java
31—Str.
Dec.
Westphalia
corresponding
* $100,000
American gold
Paris
Liverpool. ..American gold
Silver bars
Silver bars
Hamburg
Paris
Silver bars
850,000
50.321
6,100
53,000
5,000
Domestic silver
Gold coin
Gold bars
430,000
37,500
300,000
Plymouth ....Gold coin
Gold coin
London
31—Str. Crescent
Dec.
City
Havana
American gold coin...
American silver coin..
Spanish gold
Jan.
Jan.
Liverpool ....American gold
London
American gold
2—Str. Baltic..*
2—Str. Neckar
Total for the
week have been reported by submarine telegraph
and
THE WEEK.
1872.
$1,097,279
Dry goods
General merchandise...
Companies, Interest
in the markets of
NEW YORK FOR
1871.
following summary:
London Money and Stock Market.—Compared with the open¬
ing prices of the week. 65’s are £ higher ; 67’s, 10-40’s,
new
fives close at the opening prices. The bank rate of discount has
been reduced during the week from six to five per cent.
shown in the
0
9
0
0
42
COMMERCIAL AND
$3,659,967
$489,939
anir dammercial
The daily closing quotations
9
0
42
37
26
Thar.
b.
d.
5 9
17 0
9%
9%
6
from their date.
Catest filanetctrg
9
0
9
0 11 15 0
Lins’dc’ke(obi).$ tn 11 15
58
Linseed (Calcutta)....
Sugar(No. 12 D’ch std)
0
5
17
9
£
d.
s
17
Mon.
Sat.
£
9
9%
43
o
9
7
2
6
6
3d. lower ; re¬
d.
Oil Markets.—Linseed
Saturday.
9d. since last
8.
9
cwt. 42
Cloverseed (Ain. red).,
Spirits turpentine
London Produce and
17
d.
5
9
0
5
39
Thur.
s. d.
77 6
52 0
48 0
65 0
69 0
Wed.
s.
d.
77 6
82 0
43 0
65 0
69 0
s.
d.
9%
Petroleum(reflnod).... $ <»a!
577,150
7,853
$64,623,512 $1,938,705 $24,325.3% $5,601,838 $18,723,558
Total issued
The Pacific Railroad bonds are all issued under the acts of July 1, 1862. and July
2,1864-.they are registered bonds, in denominations of $1,000, $5,000 & $10,000 ;
ner cent interest in currency, payable January 1 and July 1, and mature
48,^49
$ cwt..
fine
Payable In Interest
Lawful Money. Interest Balance of
Interest
accrued
Amount
paid by repaid by int. paid
outstanding, and not
yet paid.
d.
6 0
17 0
s.
s.
$2,2S0,333,683
Treasury—
Special deposit held
s.
d.
22
8
9
10
lost Is. 3d. during
Sat.
$2,240,614,203 $39,724,477
Including Interest due not
Coin
uurrencv
8 11
9 7
10 4
39 9
43 6
Market.—Common rosin is
petroleum gained ^d. at the close.
Wed.
Tues.
Mon.
FOREIGN IMPORTS AT
$332,072,317
41,200,000
46,390,5^8
23,540,600
$493,203,515
Certificates of deposit
Fractional currency
Certificates of
0
imports this
general mer¬
xntere3C chandise. The total imports amount to $4,971,137 this week,
against $2,965,573 last week, and $6,711,774 the previous week.
$1,157,085.100
556,525,200
The exports are $4,249,239 this week, against $5,256,477 last week,
$1,713,510,300 $39,291,052 and $5,80S,850 the previous week. The exports of cotton the
past week were 5,718 bales, against 3,812 bales last week. The
$678,000
following are the imports at New York for week ending (for
14,000,000
drygoods) Dec. 31, and for the week ending (for general mer¬
$14,678,000 219.040 chandise) Jan. 1:
19,122,390 192,260
tender notes
Demand and legal
*
Fri.
s.
s.
Liverpool Produce
313
256
391
$192,260
Amount
fund, at 3 per cent
0
69
d.
77 6
82 0
48 0
64 0
69 0
d.
77 6
82 0
43
0
64 0
69 0
8.
6
77 6
82
82 0
0
49 0
49 0
64 0
“
‘
Lard (American)
Cheese(Amer’n fine)
Tues.
Mon.
d.
77
Beef (mess) new $ tee
Pork (mess) new 38bbl...
Bacon Xiong cl. mid.)$} cwt
22
d.
gained 2s.
Sat.
$193,203,515
Coin—Bonds at 6 p. cent
Bonds at 5 p. cent
0
Market.—Bacon has
rd has
b.
s,
8.
8 11
9 7
10 4
39 6
43 6
4
6
6
6
•
d.
22 0
8 11
9 7
10 4
39 6
43 6
d.
22
11
7
4
“■
16,451
Outstanding.
Debt bearing
s.
bbl11 22 11
22 0
0
8
Flour
Character of issue. Amt. outstaud.
$72,317
Demand notes
382,000,000
8. ’63..U. S. legal-tender notes
Certificates of deposit.
41,.00,COO
Fractional Currency
) Qa-QQ
March 3,1863, and June 30,1864
Fractional currency
( 4o,s«.i,d»b
March 3, 1863(iu $-20,50,100,500,1,000 5,000) .Certlfs. for gold deposited
23,540,600
bearing no interest
Recapitulation •
d.
s.
Thur.
d.
22 0
8 10
9
7
10 3
89 6
43 6
Mon.
Sat.
Interest.
Interest.
breadstuff's
Liverpool Breadstups Market.—The market for
quiet, with lower prices on wheat.
Wed.
Tues.
closes
Authorizing acts.
July 17,1861, and Feb. 12, 1862
Feb. 25 and July 11. ’62. and March
Jane 8. 1872
July 17,1862
Aggregate of debt
United States 6s (1862) at Frankfort were.'
...
98%
....
98%
Market.—See special report of cotton.
...
Liverpool Cotton
6 s,
92%
107%
107%
104%
103%
quotations for
The
4 to
108
104%
103%
a.S. 6s(5.20s) 1862
210.000
14,000,000
678,000
9,040
Aggregate ol debt bearing interest in lawluLmonev
$14,678,000 $219,040
Debt on Which Interest Has Ceased Since Maturity.
Principal Interest
$64,174
6s, Bonds
Matur’d at varl’s dates prior to Jan. 1,’37.
$57,665
5e, Mex. indem
Matured at various dates in’51 and’52.7.
1,104
85
Bonds
Matured Dec. 31, 1867
1,250
22
223
6s, Bounty L.scp... .Matured July l, 1849
3,)00
5’s, Texas lndera....Matured Dec.31, 1864
9,300
172,000
5s’of 1858
2d,000
Matured after Jan. 1, 1874
5s, Bonds
Matured Jan. 1,1871
10,000
625
6s. 5-20s. (called) ....Matured Dec. ;.’71. and Mch. 7 & 20, T2..
18,003,550
10,615
1-I0@6sTr. noteB....Matured at various dates from ’38-’44
82,575
2,670
I-10®6sTr. notes. ...Matured at various dates in ’47 and ’48...
6,000
206
6s, Tr’y notes
Matured at various dates in’48 and ’49.;.
950
57
8®6’s, Tr’y n’s
Matured at various dates in’58 and’59...
2,000
108
March 1,1863
878
6’s, Tr’y notes
Matured
3,150
7 3-10’s, 3 years
Matured Aug. 19 and Oct. 1,1864
19,200
1,423
..Matured at various dates in 1865
63,535
5s, one year..
3.491
5’s, 2 years
Matured at various dates in 1866
50,600
3,247
6’s, Com. Int. n’s....Matured June 10, ’67, and May
’68
890,250
78,216
as
108
New 5s
3*s,NavyDen8lon..A.ct Tuly23,’6S..Int. only appl’dto pens’ns.
4s, Certlfs of indebtedness.. Act July 8,’70..Due in 1875
15,
7 3-10’s, 3 years
Matured Aug. 15,1867, and June 15 and
July 15,1868
214.050
6’s, Certif. of ind....Matured at various dates In 1866
5,000
Matured Oct. 15,1866
3,060
4,5 & 6’s, Tem. 1
3s, Certlrs. (called).Matured monthly since Dec. 31,1870
5,000
$19,122,300
Agg. ot debt on which int. has ceased since mat’y
92%
104%
103%
1867...... 107%
“
“
Pay’ble Registered Coupon.
$
(e)f25U,000 I4,63 >,000
19,929 (a) 552,450
Feb. 8, ’61.... 1880 (f) 13,783,000 (a) 945,000
4,412
(a) 28,350
204.146 fa)5,619,640
6s, Oregon War
Mar. 2, *61.... 1881
....
63.491,100
68 Of 1881, July 17and Aug. 5,’61 ...1881
fl25.831.250 103,322,050 537,309 (5)1,111,167
ee.5-20’8, of 1862
7,791,706
Feb. 25,’62.... 1882
32,352 (a)2.250.000
6s of 1881
Mar. 3, ’63 ...1881
53,643,100 21,358,tO'J 213,219 (c)3^42,783
53,294,350
2,479
(6)9,466
58, 10-408
Mar. 3, 64 ...1901 141,272,350
68,5-208, of 1864
Mar. 3, ’64... .1884
946,600 32,994.050 143,163 (6)580,462
of 1864
Jane 30,’64.... 1884/t 25,052.150 118,771,450 1,257,147 ( 6)1,525,813
Mar. 3, ’65.... 1885
33,762,900 145,537,850 696.146 (a) 6,079,893
1865, new....Mar. 3, ’65....1885
57,125,250 222,570,800 1,023,909 (a)9.313,632
83,052,450
129.879 (a) 1,124,220
Mar, 8, ’65.... 1837
14,005,000 23,470,000
478,543 (d)3.014,149
Mar. 3. ’65....t838 (195 454,800 166,243,100
68,5-208,1868
58, Funded Loan, 1881 .July 14, ’70.... 1881
Aggregate of debt bearing inter’t In coin. 756,982 850 936,627.450 4.767,939 84.523,112
(a) Interest payable Jan.& July. (6) May & Nov. (c) March & Sept., except
coupons $50 & $100 paid annually la March, (d) Feb., May, Aug. & Nov. (e) Reg.
$5,000; coupon $1,000. (/) Keg. 1,000, $5,000, $10,000; coupon $1,000. (a) $50, $100
& $500. (A) Reg. $50, $lli0, $500, $1,000, $o,000 & $10,000; coupons, $50, $100, $500 Si
Character of Issue,
5S Of 1858
ft Of 1881
92%
92%
107%
107%
104%
103%
(5-20s,)1865,oid'.!l07%
C. 8. 6s
Accru’d
Interest.
fa)$6,500
Fri.
92%
92%
107%
107%
(7. S. KMOs
1874:
Thur.
92%
107%
92
QO
Qp/»nnitt
as appears
the close
91%
Consols for money
^
Wed.
Tues.
92
Mon.
92
sat
£593,000
England has increased
the Bank of
The bullion in
THE DEBT
The
[January 9, 1376
GHH0NI6LK
THE
38
week
Previously reported
“
Total for the year
in—
Same time
1873
1872
1871
1870
1874
-
Same time in$49,303,185 1869
71,545 275 1868
63,865,547 1867
58,689,171 1866
coin...
coin...
350,000
15.000
16,000
2,560
300,000
300,000
$2,815,481
60,242,959
$62,458,440
$32,108,448
70,841,599
51,001,948
69,558,700
of specie at this port during the
The imports
been
DeC.
follows:
80—Str. Acapulco
Friday, January 8. 1875—6 P. M.
past week have
Tlie money market
as
$2,528 cipal event of the week
8,213
Silver
Gold
Aspinwall
2,000
Gold dust
$12,739
Total for the week
6,251,725
Previously reported
Total since Jan.
I Same time in$18,779,929 11870
5,547,311 I 1869
1373.
1872
1871
$6,264,464
1,1874
8ametimein—
$11,581,771
14,976,001
7,163,070
8,618,290|1868
,
39
THE CHRONICLE
January 9, 1875.]
and Financial Situation.—The prin¬
was
the
passage
by the House of Repre¬
sentatives of the Senate Finance Bill without even
debating it.
confidently supposed that the President will approve the
bill, and it is, therefore, assumed that this law will form the sub¬
stance of financial legislation in the present Congress. We have
previously commented on the main features of the bill, and now
quote the text of it, as originally introduced by Mr. Sherman in
the Senate, not being aware that any changes were subsequently
It is
made in it:
BANKING AND FINANCIAL.
A BILL TO PROVIDE FOR THE
RESUMPTION OF SPECIE PAYMENTS.
the Secretary of the Treasury is hereby
authorized and required, as rapidly as practicable, to cause to be
coined at the mints of the United States, silver coins of denomi¬
nations of ten, twentv-five, and fifty cents, of standard value, and
to issue them in redemption of an equal number and amount of
fractional currency of similar denominations, or, at his discretion,
he may issue such silver coins through the mints, sub-treasuries,
public depositaries, and post-offices of tlie United States, and
upon such issue he is hereby authorized and required to redeem
an
equal amount of such fractional currency until the whole
amount of such fractional currency outstanding
shall be re¬
Be it enacted, etc., That
RAILROAD BONDS.—Whether you wish to BUY or SELL, write to
HASSLER & CO., No. 7 Wall street. N.
Y.
ADVANCES
•
Made on Cotton in store.
R. M. WATERS & CO.
STOCK
deemed.
Sec. 2. That so much of Section 3,524 of the Revised Statutes
of the United States as provides for a charge of one-sixth of one
PRIVILEGES.
As a matter of gain and safety, “Puts,” “Calls” or “Double
’egelivirP
in stock speculations by the largest operators,
large sums are often realized from moderate investments.
contracts are used
and
TO $300.
at the best rates in the
THEY COST FROM $50
Contracts negotiated through us are obtained
and on responsible parties.
very
for converting standard gold bullion into coin is
hereby repealed, and hereafter no charge shall be made for that
per centum
market
explaining the various modes of operating, also showing how large profits
realized from moderate risks. All persons having any interest in making
money should send f»r a copy.
Any information relating to stocks cheerfully
furnished, and how the fluctuations of the market may be best taken advan¬
tage of. Address, for particulars,
TUMBRLDGE & CO., Bankers and Brokers
2 Wall street, corner Broadway, N. Y.
are
J. HICKLING & CO., BANKERS AND BROKERS, 72 Broadway, New
York, have for sale 30-day Puts, 1 per cent, below market price, Calls 1%
above Spreads 1 per cent, each way. Send for copy of the “ Wall street Review,"
and 48 page
pamphlet on speculation.
Free by mail.
©alette.
Bankers’
c
NATIONAL BANKS
DIVIDENDS.
Dividends have recently been announced :
Railroads.
Boston Clinton & Fitchburg,
When 1 Books Closed.
P’able
j(Days inclusive.)
Jar.
Jan.
4
Jan.
3X IJan.
3
pref
4X
Cayuga & Susquehanna
Chicago Iowa & Nebraska
Concord & Portsmouth rquar.)
New York Providence & Boston (quar.)...
Norwich & Worcester
Paterson & Hudson
.
Paterson & Ramapo
Pittsburg Fort Wayne & Chicago (guar.)
do
do
special (guar.)
Pittsfield & North Adams
2^
Jan.
5
4
4
Portland Saco & Portsmouth
Terre Haute & Indianapolis
Banks.
6
Jan.
Jan.
Jan.
Jan.
Jan.
Jan.
Jan.
Jan.
...
IX
IX
3
5
1 Dec. 28.
3
1
$3
First National.
.
Long Island
La. National (New Orleans)
Jan.
5
5
Jan.
Jan.
Jan.
6
5
6
10
10
7
8
Empire City./
Firemen’s
Firemens’ Trust
^
5
Hoffman
Importers’ & Traders’
Irving
(special
Knickerbocker
Mechanics’ & Traders’
Mercantile
Mechanics’ Fire (Brooklyn)
National Fire
New York Equitable
Niagara Fire
Pacific Fire
Relief Fire
Star Fire
Sun Mutual (int. div.)
Tradesmens’ Fire
United States Fire
,
miscellaneous.
Maryland Coal Co
Union Trust Co
1
5
6
5
3
5
5
5
5
6
10
5
10
5
5
7
10
8
$1
5
Jan.
Jan.
Jan.
Jan.
bank
newly
organized as aforesaid, it shall be the duty of the Secretary of
the Treasury to redeem the legal-tender United States notes in
excess only of $300,000,000 to the amount of 80 per centum of
ciation,
sum
of National bank notes so
as
of law
repealed.”
market has shown a decided tendency towards
both in call loans and commercial paper, the
The money
....
renewed ease,
4
5
2
1
1
20
former
being quoted at 2@5 per cent, as an extreme range on
on government or stock collaterals.
Commercial
loans made
paper was
moderate
2
10
2
6
7
2
7
7
increasing its capital or circulating notes, or so
so
dull early in the week, but more active latterly, at
being in demand at 5^ to 6
rates, strictly prime paper
per cent.
Cable advices from London on
—
of
Thursday reported that the Bank
England gained during the week £593,000 in bullion, and
cent, from 6, the previous
reduced its discount rate to 5 per
--
figure.
The
last
weekly statement of the New York city
Clearing House Banks, issued Jan. 2, showed an increase of
$5,162,200 in the excess above their 25 per cent legal reserve, the
whole of such excess being $12,250,300 against $7,088,100 the
Jan.
Jan.
Jan.
Jan.
Jan.
Jan.
Jan.
Jan.
Jan.
Jan.
Jan.
Jan.
Jan.
Jan-.
Jan.
Jan.
2
12
2
9
Circulation....
Net deposits..
Lepal tenders.
Jan.
Jan.
6
5
5
& 3 ex
(Brooklyn)
German-American
Germania Fire
Globe Fire..
Hanover
“
*
and re-distribution of National bank currency among the several
States and Territories are hereby repealed, and whenever and so
often as circulating notes shall be issued to any such
asso¬
4
Insurance.
Atlantic
iEtna (of Hartford)
Citizens’
Clinton Fire
aggregate
thereof for the purposes aforesaid.
And all provisions
inconsistent with the provisions of this act, are hereby
1
11 Jan. 5 to Jan. 12
11
*
Broadway
in accordance with the
issued to any such banking as¬
aforesaid, and to continue such redemption as such
circulating notes are issued until there shall be outstanding the
sum of $300,000,000 of suefy legal-tender United States notes, and
no more. And on and after the 1st day of January, A. D. 1879, the
Secretary of the Treasury shall redeem in coin, the United States
legal-tender notes then oustanding, on their presentation for re¬
demption at the office of tne Assistant Treasurer of the United
States in the City of New York in sums of not less than $50. And
to enable the Secretary of the Treasury to prepare and provide for
the redemption in this act, authorized as required, he is authorized
to use any surplus revenues from time to time in the Treasury, not
otherwise appropriated, and to issue, sell, and dispose of, at not
less than par in coin ; either of the descriptions of bonds of the
United States described in the act of Congress approved July 14,
1870, entitled “ An act to authorize the refunding of the National
Debt,” with like qualities, privileges, and exemptions, to the ex¬
tent necessary to carry this act into effect, and to use the proceeds
ORGANIZED.
Per
Cent.
banking associations may be organised
existing law, without respect to said
limit and the provisions of the law for the withdrawal
aggregate limit, and new
sociation,
30, 1874. a
Company.
the circulating notes of
National banking associations, be and is hereby repealed, and
each existing banking association may increase its circulating
notes in accordance with the existing law, without respect to said
the
The United States Comptroller of the Currency furnishes the
following statement of National Banks organized the past week :
2,214—First National Bank, Mount Clemens, Mich.
Authorized capital,
Jas. B. Eldredge, President;
$50,000; paid in capital, $20,001.
Daniel C. Tilden, Cashier. Authorized to commence business Dec.
The following
the Revised Statutes of the United
States, limiting the aggregate amount of
FREE,
WE ISSUE A PAMPHLET
service.
Sec. 3. That Section 5,777 of
9
2
6
ernment
Jan.
Jan.
Jan.
Jan.
Jan.
Jan.
5o'.Feb.
IJan.
5
7J
7l
previous week.
The following table shows the changes from
and a comparison with 1874 and 1873:
61
2!
'
7
5
1875.
fi
Dec. 26.
6
Loans anadis.
7
6
4
Specie
$283,665,300 $284,209,800 Inc.
13,397.100 17,974 000 Inc.
24,622.600 Inc.
24,610,100
213,889,600 221,469,200 Inc.
47,163,400
49,643,600 Inc.
1874.
1873.
Jan. 3.
Jan. 4.
$544,500 $261,135,400 $277,720,900
4,576,900 28,305,600 19,478,100
12,500 27,186.300 27.618.800
7,579,600 205,399,500 203,808,100
2,480,200 46,458,100 41,165,400
Bonds.—There has been some activity in Gov¬
securities, but the transactions have generally been of
smaller amounts than last week, indicating a demaud for re-in¬
21
Prices have yielded very slightly as is
immediately after the payment of coupons,
firm prices in Governments' seems to be re¬
vestment of coupons.
4
5
5
1
,
Differences.
United States
6,
7
Jan. 2.
the previous week
sometimes the case
but the prospect for
Jan. 20 to Feb. 4
1 markably good.
\
Closing prices daily have been as
follows:
[January 9, 1875
THE CHRONICLE
68.5-20*’8e,165S
40
4726. 12.
Tlie Gold Market,—Gold has been pretty steady for the
Jan.
8.
*118* 118* 118
118**118**118* past two days at 112£ to 112f, closing to-day at the
reg.. Jan. & July. *118* 118* 118* *118* *118* 113* named. On Monday it opentd at 113 and fell off to 112 on Tues¬
6s, 1881
6s, 1881
coup.. Jan. & July. 114* *114* *114
114* *114* *114* day, these prices showing the extremes of the week. The
6s, 5-20’s, 1862
reg..May & Nov.
6s, 5-20’s, 1862
coup..May & Nov. 114* 114* *114* *114* *114* *114* ments of specie keep up to a considerable amount, and the total
♦116
for this week, including to-morrow’s steamers, will possibly
*116
6s, 5-20’s, 1862,Called Bds..May & Nov. *116
*116
*116
*116
6s, 5-20’s, 1864
reg. .May & Nov. *116 *116* *116* 116* *116* *116*
reach $2,000,000. DuriDg this month there will be no sales of
6s, 5-20’s, 1864
coup..May & Nov. *118
117*
117* 117* *118*
On gold loans the rates to-day were
6s, 5-20’s, 1865
reg..May & Nov. *118
118* 118* gold by the Treasury.
118* *118* 118*
117*
carrying 3, 4, 5, 3£, 4£, and 3 per cent. Customs receipts
68, 5-20*8,1865
coup..May & Nov. 117* *117* 117* 117* *117
6s, 5-20’s, 1865, n. i., reg..Jan. & July. x!17* 117* *117* 117* 117* 117*
week were $1,460,000.
n. i.,coup.,Jan. & July. *118
*118* *118* 118* 118* 118*
The following table will show the course of gold and
1867
reg..Jan. & July. 118* 118* 118* 118* 118* 118*
operations of the Gold Exchange Bank each day of
coup.. Jan. & July. *118 *118* 118* *118
6s, 5-20*8, 186?
week:
reg. Jan. & July. *118* *118* *118* *118* 118*
-Quotations.
„
»
6s, 5-20’s, 1868
coup . Jan. & July. *114*
*114* *114* *114* 115
*115
115*
Open- Low- High- ClosTotal ,
Balances.——«
5s, 10 40's
reg. Mar. & Sept. *115
115* *115
115
eet. ing. Clearings.
ing.
est.
Gold. Currency.
5b, 10-40*8
coup. .Mar. & Sept, 113* 113* ♦113* 114 *113* 114
112* 112* 112* $72,174,000 $2,793,448 $3,167,810
114
114
5s, funded, 1831
r£g .. Quarterly, 113* 113* 113* 114
Saturday, Jan.
113
112*
62,132,000 2,188,115 2,479.475
112* 113
5b, funded, 1881, ..coup
Quarterly 117* 117* 117* 117* *117* *117* Monday,
«'*
5
112* 112*
48,899,000 2,037,273 2,302,396
112* 112
63,Currencv
reg. .Jan. <fc July
Tuesday,
“
112* 112* 112* 112*
49,466.000 2,791.640 3,121,601
Wednesday, “
This is the price bid ; no saU was made at the Board.
112* *12* 112* 112*
'53,333,000 1,660,240 1,860,626
Thursday,
“
50,956,000 1,408,629 1,646,948
State and Railroad Bonds.—Transactions in State
Friday,
“ 8 ...112* 112* 112* 112*
bave been chiefly in Tennessees and Missouris which have been
112*112 113 112* $336,960,000 $
Currentweek
$
dealt in freely at prices which, ex-interest, are nearly the same as Previous week
Ill* 111* 112* 112* 197.824,000 2,626,777 2,958,008
last week.
There is nothing particularly new in Southern State Jan. 1,1875, to date... 112* 112 113 112*
finances, except the political troubles in Louisiana which are
Foreign Exchange.—There has been considerable acti vity in
course unfavorable for that State.
From North Carolina the fol¬
the foreign exchange market, and several transactions of large
lowing notice is pubhslied:
Notice to North
Carolina Creditors.—According to resolution of amount were made by some of the leading drawers. There was
the General Assembly of North Carolina, ratified the 18tndayof December,
a reluctance, however, to give definite information,
and the pre¬
A.D. 1874, the Joint Standing Committee on State Debt and Liabilities will
cise character of the operations was not ascertained.
We are
meet in the Senate Chamber, in the City of Raleigh, on ihe 14th, 15th and 16th
days of January, 1875, for the purpose of conferring with the creditors of the informed that the Pennsylvania Railroad has just- negotiated
State concerning the settlement of the State R. P. WAKING, Chairman,
Debt.
$3,000,000 more of bonds in London, and it is possible that some
bills were drawn against that loan. The payment of coupons
Joint Committee State Debt and Liabilities.
In railroad bonds there has been a good business and prices are also gives rise to a demand for exchange to make remittances, as
a
less proportion than usual will probably be re-invested in
well kept up.
An active demand for investment bonds
American securities. To day, there was a reduction of i in the
commences in the first week of the year, but there seems to be
asking rates of leading bankers, and a decline also in the rates
every prospect for au increased demand hereafter for first
for actual business which were about 4.85L and 4.89| for long
Jan.
Jan.
4.
Jan.
Jan.
Jan.
2.
5.
period.
Int.
7.
6.
price first
ship¬
for
of the
the past
rr
....
..
*
bonds
of
seldom
class
railroad bonds.
The list of Mr. Jos. G. Martin, of No.
furnishes the following statement of the
January interest and dividends in that
and short sterling, respectively. •
The transactions for the week
Treasury have been as follows:
10 State street, Boston,
total disbursements for
city compared with previ-
ous
years:
Interest on
$933,956
6,654,585
668,600
1,691,268
“.
Manufacturing dividends
Railroad dividends
1, 1872
gage
bonds.
Daily closing prices of a few leading bonds,
since Jan. 1, have been as follows: Jan. Jan.
Jan.
Vlrg.,
Ba
do
*28
•12
*56
consolid
....
....
*25*
27
16
*16
*54
•56
....
•16
1st7s xll'2*
«
•
•
112
•
*
* *
;•
C.Pac.,gold 6s...
Un Eac., 1st 6s...
do
L’dGr’l7s
do
S.F. 8s..
Erie 1st M. 7s
N. J. Cen. 1st 7s..
Ft Wayne 1st 7a.
Rock Tsld 1st 7a...
C. & N.W. gold 7e
*Thl6lathenricobid. no sale was madeatthe
Railroad and Mlscellaneotis
has been moderately active and prices,
””
7,185,207 04 5,912,470 89 9,921,445 87 6,222,503 70
48,522,042 09 44.794,412 65
45.785,803 26 44,484,379 84
New York City Banks.—The following statement shows
the condition of the Associated Banks of New York City for the
4
Jan.
5 112* Jan.
Jan.
6 94
H
91* Jan.
5 90* Jan.
5 81
Jau.
New York
Manhattan
.
.
•
Union
America
Phoenix
2
City
Tradesmen’s
2
2
8
Fulton
•
5
Jan.
7 105* Jan.
5 105V Jan.
5 82* Jan.
5 108*
7
6
0
Board.
The
300,000
1,000,000
1,500,000
800,000
Butchers’&Drovers’
Mechanlcs&Traders
600,000
Greenwich
200,000
600,000
Leather Manuf
Seventh Ward
300,000
State of N. York..
2,000,000
American Exch’ge.
5,000,000
Commerce
10,000,000
Broadway
1,000,000
Mercantile
1,000,000
Pacific
422,700
Merchants’Exch’ge.
Gallatin, National..
daily highest and lowest
Jan. 2.
Mondav,
Jan.
“
People’s
North America
Erie
Lake Shore....
Wabash
28 *
29-o
79*
8”*
Northwest
47* 43*
21*
20
29*
79*
20*
47*
28*
3n*
43*
62*
103*
39*
53*
16
62
62*
do
pref. 62
103* 102*
Rock Island ... 103
St. Paul
38* 39* 39*
59*
53* 58*
do
pref...
15*
At.& Pac.,pref.
32* 32*
32* 82*
Ohio & Miss...
105*
Central o: N.J. *X104* 105 *105
* 1
Del., L. & West 106* 106* xl(>6* 107
*25
*25* ....
Han. & St. Joa.
36* 37 *
36 * 37*
Union Pacific..
....
Col.Cldc.&l.C.
Panama
*anama
West, Un.
^eat,
Tel.
Quicksilver....
pref.
Pacific Mail....
Adams Exp ...
American Ex..
9*
9*
9*
1U*
114* 114* *114*
74*
79*
73* 74*
77*
*33* 34
_
do
33* 36*
United States..
Fells, Fargo..
»84*
99
62*
58*
79*
20* 20 \*
47* 47*
61* 62*
103
1<'3*
38* 33*
58 4
53 V
16
,
28*
78* 79*
58* 58*
31* 82*
31* 32*
*25
35*
36*
_
79
34
34*
‘20
46* 47*
61* 62
102* 103*
38* 88*
16
31* 32*
105* 10)*
106 X' 106*
106* 106*
25 * 25*
36* 36*
8
8*
35
48
33* 84*
*99
99*
33*
*X97* 99
62
*6‘2* 62*
58
58* 58
5S*
80
*X78
•93
84
18*
16
106
16
106
106* 1U7*
26
26
36*
8*
37*
=*
114* *114* 115
76* 77*
n*
77* 78
*33
*41
78 k
79*
18*
46* 47*
61* 61*
102* 103*
37* 38*
58 * 58*
19
9*
8* 9
116 *114* 115* 114*
...
X9a
*62
57
29*
79*
if
J!*
3i
45*
83* 84*
*99
•62
59
*
59
SO
35
44
of
as
103
38*
79*
18*
47*
61*
103*
39*
59
16
58*
15*
32* 32*
106
106*
107
107*
•25* 25*
86* 37*
9
9*
rn
85
44
100
•7W 81
Nassau
1,000,0(0
Market
1,000,000
1,000,000
1,000,000
1,500,000
300,000
St. Nicholas
Shoe and Leather..
Corn Exchange
Continental
Oriental
3.535.900
3.996.500
2.453.800
1.392.300
1.071,000
77*
1,063,500
4.943.500
11.424.500
20,178,000
5.953.700
8.463.700
1.999.500
4.961.200
2.315.800
1.452.400
2.567.300
3,679.100
2,50!,0C0
12,473,‘‘00
1.613.300
2.344.700
2.848.900
30.600
368.500
12',300
642,. 00
•2,633,900
4,193.310
2,850,60*.'
3.183.800
1,500,000
2,000,000
Park*..
Mech. Bank’gAsso.
Grocers’
NortlLRiver
East River
Manufact’rs’* Mer.
Fourth National....
Central National...
Second National....
Ninth National. ...
FirBt National
Third National
»
500,000
300,000
400,000
350,000
300.000
5,000,000
2,000,000
•
1.540.900
2.546.600
15.271.600
14.812.900
1.102.400
774,100
1,097,700
961,700
715,50C
20.826.500
6,843,000
1,000,000
500,000
1,801,000
6.633.600
6,735,000
4.371.400
1.412.600
1,000,000
2,031.500
300,000
1,500,CGC
50C,(00
N.Y.National Exch.
Tenth National
Bowery National...
New York Co. Nat.
German American.
250,000
200,000
2,000,000
1,000,000
Dry Goods
1,169,000
1,139,000
4.946.400
2,230,000
$31.4353200 $2S4.209,800
Total
35
43
33* 84*
•99* 99*
•62* 62*
60*
m
8*
*
tion.
$460,000
9,700
749.600
503.600
270,000
1,200
411,800
730,200
No
311.600
3.180.600
2.193.300
451.800
490.400
373,400
365.800
1.624.400
1,23-.300
1 £6,200
958,700
229.700
157.900
424,066
400,000
Marine*
42,790
480,700
35.700
15,200
2.939.800
112
43
62* 62*
60
60*
Citizens
•
112
500,000
1,000,COO
60C,0('0
1,U00,P00
Importers’* Trad’rs
77*
*31*
33* 84*
*99
79*
16*
46*
61*
1.000,000
1,000,0(KJ
Irving
Metropolitan
4.
79*
20*
412,500
;
Hanover
prices have been as follows:
*'
450,000
Chatham*
Tuesday. WedneBday, Thursday, Jau. 8.
Friday,
Jan. 7.
Jan. 5.
Jan. 6.
101
101* 101* 101*
101* 101 ^ 101* 101* 101* 101* 128
N.Y.Cen.&H.R. 101* 10*
128
123
128
127* 128* •127* ....*127* 128*
Harlem
23* 29*
‘28
28*
28*
Saturday,
2,000,000
Republic
to
Circula¬
Net
ers. Deposits
Tender
Capital. Discounts- Specie.
$8,892,200 $2,866,000 $1,012,400 $8,612,600
‘3,000,000
4.289.500
508.100
475,400
6,029, :oo
2,05U,00C 10.696.200 1,563,100 1,435,900
9,454,000
3,000,000
4.628.300
1.155.300
213,600
6,604,70j
2,000,000
3,036,500
70',600
234.500
4,618.3(H)
1,500,000
6.397.800
1.041,500
e,934,600 1,111.600
3,000,000
3,0*65,600
305,000
466,900
4.434.800
1,800,000
5.512.500
1,126,000
1,323,600
6.543.200
1,009,000 3.394.300
1,-84,200
428.900
59,900
1,000.000
1.111.500
263.100
1.691.800
170,100
600,000
6,9'3,500
1.910.300
372.500
7.959.200
„
Chemical
of surplus earnings in new construction.
lines of railroad—the Central & Hudson,
reported.
Co
Merchants’
Jan. 2, 1875:
of
Legal
Loans and
Banks.
2
Pennsylvania and Baltimore & Ohio—have thus been able
show a profitable business in the year succeeding the^crhsis
1873. Railroad earnings for December are given below, so far
yet
the commencement of business on
AVERAGE amount
Stock*.—The stock market
on the whole week, general¬
ly show a slight decline. Wabash has again been conspicuous for
weakness, and fell oft to-day to 16£, rallying to 17 at the close,
hut exerting a depressing effect on the balance of the list. The
report of the New York Central & Hudson road, which we present
quite fully ou another page, shows that the road held its own
well on business during the fiscal year ending September 30 li,
and invested $2,460,554
Three of the main trunk
$1,460,000
week ending at
7
95* Jau.
Jan.
Jan.
93*
X43*
Jan.
90*
x91*
Jan.
90*
90*
Jan.
SO*
80*
*103
*103
*10*2* *103
*102*
*108
108* *108V *108* *108* 10S* Jan.
•106
106* *106* 106* Jan.
•x U'*6 *106
-Jail.
105* 105
105* *10)5
X105* X105* 105
32
Jau.
82*
82*
82*
82*
82*
82*
93*
90*
•89*
80*
8
Total
and the range
•
•3('Y *31“
95
95
95*
95*
112
•111* •111* 112
92*
93
93*
93*
90
90*
90*
90*
90
90
9c* *90*
81
80*
80*
HO*
95
x95*
294,000
374,000
213,000
150.000
278,000
Gold.’
Currency.
$2,040,752 15 $1,065,281 97
1,662,306 09 1.256,963 01
679,854 02
1,684,085 10
2,121,935 36 * 904,513 55
1,189,365 53
454,505 57
1,222,371 64 1,861,385 58
Balance. Dec. 31
Balance, Jan. 8
•55*
*55*
86 $1,067,674 06
41
926,816 22
31
1,010,416 19
87
516,486 35
908,527 59
493,327 28
995,023 00 1,897,750 29
$694,357
1,497,992
2,382,378
706,922
$151,000
2..
4
5
6
7
Mechanics’
•sT* *S0~ »30~
•so*
0s S. C., J. & J....
6a Mo. long bonds *X94
“
“
Sim*e Jan.I
Highest.
Lowest.
5
55* Jan. 2 55* Jan.
27
Jau. 7
7
27
Jan.
7
7 16
Jan.
Jan.
16
•
2d series.
N.Y. C.&H.
•55*
“21*
55*
•24*
•13*
55*
6sTenn., news... x55*
‘21*
6s N. Car.,old....
6s N. Car.,new... *12*
8.
7.
6.
5.
4.
2.
-
Jan.
Jan.
Jau.
“
intere*75fi‘fir,fi
firsthand
mort-
only heard of one new default on railroad
made by the West Wisconsin Railroad on its
We have
that was
“
9,9
9,1
9,
675
12 Vqn 093
13 0*3 034
Total Jan. 1, 1875
Total July 1, 1874
Total Jan. 1, 1874
Total July 1, 1973
Total Jan. 1, 1873
Total July
“
Currency.
Gold.
Receipts.
Jan.
-Payments.-
-Receiptf.
House
bonds
House and Sub
-Sub-Treasury.-
Custom
recapitulation.
Miscellaneous
at the Custom
73.100
13! ,200
9,600
1,222,500
181.300
5.900
73.800
116.500
14.000
136,000
20.800
32,500
63.600
106,0(0
77.700
44,000
69.100
6,100
“141,100
456.300
473.100
95,300
2,400
18.900
27.600
8,500
l.fOS.lOU
101,000
1,039.600
412.100
220,000
519.600
2.220,600
2.513.600
2,700
252.400
92r,000
2,995,000
477.800
3,076,600
8.209.300
3.669.300
2.857.100
2,0 7,900
9-.'3.7()0
679.800
716.500
556,000
598.200
95.900
226,000
695.500
732,000
2,767,000
455.900
281.100
407,000
257,000
650.800
383,000
436,000
3.547.900
2.911.800
1,140,000
2,001,200
3.101.700
2,542,000
8.270,000
1.392.300
2,199,200
1.749.800
1.316.900
2.895.100
1.472.900
1.917.900
496,000
3,512,400
3.123,C00
122,700
1,175,000
2.503.700
15,868,900
15,815,000
869.800
115,600
839,500
2,750,700
875,100
458.700
815.700
127.600
5.5C0
296,500
183,800
1,185,000
132,400
3.900
225,0100
710,900.
787.100
4.900
530.700
4,000
637.800
182,000
175.800
682.300
204.800
625,100
325.100
473,900
877.100
30)0,300
192,000
104.200
598.800
3 581,500
16.345.800
2,895 200
5,577.000
1,415,000
6,565,400
26S.000
590 700
1,339.000
395,000
221 500
1,850,900
464,000
626,700
26,0(0
121,000
3,200
150,000
2(H),600
1,091,000
1,902,609
199,290
126.800
249,000
124,C(0
33.400
7.527.400
165.600
5,667.000
5.830.500
906,500
941,400
875,000
636.500
1.008,000
3,870,900)
500.900
1,428.(00
297,000
49.400
269,6vl)
8S2.800
210,000
172,000
6.971.500
#17.974,000 $49,643,600 $221,569,200 $24,(32,600
report—same as last week.
The deviations from the returns of previous
follows:
Loans
...Inc. $544,500 Net Deposits
Specie
Legal Tenders....
,
Inc. 4,576,900
Inc. 2,480^J0
Circulation.,,,
week are
a8
Inc. $7,579 6o^
Inc.
13*9
United States
QUOTATIONS OF STOCKS AND BONDS IN NEW YORK.
Bonds ana active Railroad Stocks are quoted on a previous page and not repeated here. Prices represent the per
“ N. T. Local Securities ” are quoted in a separate list,
whatever the par may be.
cent value,
Bid. Ask.
SECURITIES.
Bid. Ask.
SECURITIES.
40
40
8s, 1888
8s, Mont. & Euf ’la R.
do
88, Ala. & Chat. R.,..
8s
of 1892..
do
Arkansas 6s, funded.
do
7s,L. R. & Ft. S. Iss.
53
do
do
....
....
•
9
9
9
9
do
8s,
1875.
of 1910..
Michigan 6s, 1878-79
do
6s, 1888....
do
7s,1890....
Missouri 6s, due In 1874
..
....
Univers., due 1892.
Han. & St. Joseph, due 1875.
do 1876.
do
do 1886.
do
do
do 1887
do
do
New York Bounty Loan, reg.
do
do
coup.
do
do
do
6s,
do
do
6s,
do
6s, i
do
6s, do
loan ..1883
do
6s, do
do ..1891
do
6s, do
do ..1875
do
58, do
do
do
5s, do
North Carolina 6s, old, .T. «fe J.
A. &O
do
N. C. RR....J.& J.
do
do
A. & O.
do
do coup off.J. & J.
do
do do off.A.&O.
do
do
Fudding act, 1866..
do
1868..
do
do
N
do
do
do
S]
do
do
Class 3
do
do
Ohio 6s, 1875
do 6s,1881
do 63.1886
Rhode Island 6s.
South Carolina 6s
Jan. & July...;—
do
do
April & Oct,
do
do
do
do
do
do
Land C, 1889, J. & J
Laud C, 1889, A. &0,
7s
of 1888.
do
do
do
do
do ex coupon
do new bonds
do
do
excouj
do new serief
do
nonfundable bonds
Tennessee 6s, old
Texas, 10s, of 1876
Virginia 6s, old
do
do
do
do
do
do
do
new
100*
24*
•
•
•
....
*
/
bonds, 1866..
do
1867..
do consol, bonds
do ex inatu d coup,
do
do 2d serle
do deferred bonds..
*
*
*
2i"
21
26
24
24
do
do
7s, gold, R. D.
do
do
lstm.,LaC.D.
1st m.I.&M.D.
do
do
1st m. I. & D..
do
do
1st m. H. & D.
do
do
1st m. C. & M.
do
do
do '..
2d m.
do
do
Chic. & N. Western sink. fund.
int. bonds
do
do
do
con80l.bds
do
ext’n bds.
do
do
1st mort...
do
do
do
do
cp.gld.bds
do
do
reg. do
Iowa Midland, 1st mort. 8s
Galena & Chicago Extended...
do
do
2d mort
Peninsula, 1st mort,, conv
Chic. & Milwaukee, 1st mort..
Winona & St, Peters, 1st mort.
do
do
2d mort..
....
*
*
*
ioi"
101
104
1875
do
do
1876.
do
do
1877
do
do
1878
do
do
1879
do
do
1880
do
do
Funding bonds due in 1894...
Long bus. due ’81 to ’91 incl..
or
....
•
Louisiana 6s
do
do new bonds.
do
do
78, Penitentiary—
do
6s, levee bonds
do
8s,
do
Ss
85
99"
Kentucky 6s
do
....
88*
do
7s, new bonds
do
7s, endorsed
do
7s, gold bonds
Indiana 5s
Illinois 6s, coupon, 1877
do
do
1879
do
War loan
Asylum
...
80
Georgia 6s
•
22*
7s, Memphis & L. R.
7s, L. R..P.B.&N. O.
7s, Miss. O. & R. Riv .9
7s, Ark. Cent. R. ...
California 7s
do
7s, large bonds
103"
Connecticut 6s
do
do
do
do
•
•
....
98* 101
97* 100
....
95*
93*
100
99
97* 100
94
99
105*
108* 105*
do
do
Morris &
do
do
do
do
lis" lie"
do
do
25
53
do
53
36*
36*
20
17
16
13
f
do
do
do
r
40
24
20
....
....
99*
i03
103
102
32
T
t
....
....
55
77*
55
54;Y
34
35
•
•
55*
53*
....
11*
Central Pacific
95
40
11*
....
10i* 106
Chicago & Alton
do
do pref..
Chic., Bur & Quincy.
1., Cin. & Ii
111
109* 109\
67
88*
Dubuque & Sioux City.
Erie pref
33*
69
88*
3437
100* 101
Illinois Central
Indianap. Cin. & Lafayette..
Joliet & Chicago
ii
95
.
.
97*
Long Island
Marietta & Cin., 1st pref
do
2d pref
..
‘8"
Michigan Central
Morris <fc Essex.
Missouri, Kansas & Texas.
New Jersey Southern
81*
33(
133*
65
Ohio <fe Mississippi, pref.
Pasiflc of Missouri
-
.
8*37
96
7
134"
69
93"
do special.
do
Rensselaer & Saratoga
Rome, Watertown & Ogdens.
do
oc.
do
do
juuuis, iron oiuuuu os out
Toledo, Peoria & Warsaw
,
Delaware & Hudson Canal...,
Atlantic & Pacific Telegraph.
American Coal
27"
ii" 27"
.
American District Telegraph.
Boston WaterPower
Ji'mton Co Baltimore
do
do
do
do
3i"
59
20
35
117* 117*
20
103
100
90
21
59
102
100
82*
82*
105
101*
71
2d mort.,
3d do
4th do
5th do
7s, cons.
108”
construction
l66"
101
103
101*
.
104
.
ioi*
Buffalo & State Line 7s
Kalamazoo & W. Pigeon, 1st.
Lake Shore Dlv. bonds
do
Cons, coup., 1st,..
Cons, reg., 1st
do
do
Cons, coup., 2d....
do
Cons, reg., 2d
Marietta & Cin., 1st mort
Mich. Cent., consol. 7s, 1902 ...
do
1st mort. 88, 1802..
New Jersey Southern, 1st m. 6s
do
do
consol. 7s
New York & New Haven 6s....
N. Y. Central 6s, 1883
do
6s, 1887
do
6s, real estate...
do
68, subscription
97
95*
ioi*
99
50'
25
91
iOO'
ioi*
92
106
101* 102*
111
112*
30
100
98*
97*
91*
102'
do
7s, 1876
do
7s, conv., 1876...
do7s, 1865-76
do & Hudson, 1st m., coup, HI*
do
1st mort., reg...
Hudson R. 7s, 2d m. s. fd.l&85.. 106*
uo
7s, 3d mort., 1875.. 101
109*
Harlem, 1st mort. 7s, coup
104
82
100
101*
100*
109
do
do
reg
83*
North Missouri, 1st mort
Ohio & Miss., consol, sink. fd. 97*
97
do
do
consolidated
81
do
do
2d
do
93*
Central Pacific gold bonds....
do San Joaquin br’nch 83
do Cal. & Oregon 1st., 81*
do
State aid bonds 104
84
Western Pacific bonds
Union Pacific, 1st mors, bonds 90*
do
Land grants, 7s. 90
Income past due 95
do
80*
do
Sinking fund..
91*
Pacific R. of Mo., 1st mort.
do
do
1st Caron’t B.
79
do
do
2d mort
Pacific R. 7s, guarant’d by Mo. 99
40
99
97*
.
Creston Branch
Charlton Branch
Bur.,C. R. & M. (M. dlv.), g. 7s.
Bur. & M. (In Neb.), 1st conv..
Cairo & Fulton, 1st 7s,gold ...
California Pac. RR. 7s, gold...
6s, 2dm., g
Canada & Southern 1st 7s, gold
Central Pacific 7s, gold, conv..
do
Land grant 6s,g
Central of Iowa 1st m. 7s, gold
do
2d m. 7s, gold
do
Keokuk & St. Paul 8s...
Carthage & Bur. 8s
Dixon. Peoria & Han. 8s.
O. O. & Fox R. Valley 8s.
Q\
Illinois Grand Trunk
Chic., Dub. & Minn. 8s...
Peoria & Hannibal R. 8s..
Chicago & Iowa R. 8s
“J
.cfc
American Central 8s
do
do
do
do
27*
95
IOO*
84
95
85
80
90*
90*
80*
91*
Sandusky, Mans. & Newark 7s.
St. Louis, Vandalia & T. H. 1st.
104*
90*
100*
32*
95
95
90
45
102
52*
53
IOO’
72
45
55
85’
70
Leav., Atch. & N. W. 7s, guar..
Leav.. Law. & Gal, 1st m., 10s..
Louisiana & Mo. Riv. Ht m. 7s.
Logans., Craw. & S. W. 8s,gld.
8i” Michigan Air Line 8s
Monticello & P. Jervis
Montclair 1st 7s, gold
Mo., Kansas & Texas
Mo. Ii., Ft. S. & Gultl
7s, gold
70
65
56'
63
58
62*
60'
6T>"
25
15
7*
100
100
95
100
50
55
60
40'
45
is
25
90
85
25'
gold..
m. 10s.
do
do 2dm. 108.
do
N. J. Midland 1st 7s, gold
do
2d 7s
N. Y. & Osw. Mid. 1st 7s; gold,
do
do
2d 7s, conv.
do
West. Extension 7s.
N. Haven, Middlet’n & W. 7s..
North. Pac. 1st m. gold 7 3-10s..
85"
63*
85
25
90
35
100
55
35
50
50
50
45
20
26
8
5
25
25
00
Land warrants.... 28
Omaha & Southwestern RR. 8a
Walk'ill Valley 1st 7s, gold..,
West Wisconsin 7s, gold....
Wisconsin Valley 8s
26
36
90
*
*
95
92
100
75
45
35
iotT
100
20
....
95
40
60
62
40
....
25
95
80
...
•••*
65
68
55
is"
85
85
100
82*
60
85"
70
60
70
50
65
70
Securities.
Southern
CITIES.
Atlanta, Ga., 7s
...
.
8s
do
Augusta, Ga., 7s, bonds
Charleston stock 6s
Charleston. S. C., 7s,
F. L. bds.
Columbia, S. C., 6s
Columbus, Ga., 7s, bonds
Lynchburg 6s
Macon 7s, Donds
Memphis old bonds, 6s
do
new bonds, 6s
do
end., M. & C. RR.
...
Mobile 5s
do
8s
Montgomery 8s.
..
Nashville 6s, old
do
6s, new
New Orleans 5s
do
consol. 6s
do
bonds, 7s
do
gold 7s, quarterly
do
10s
to railrouds, 6s..
do
Norfolk 6s
45
87
48
40
47
70’
Petersburg 6s
Richmond 6s
Savannah 7s, old
do
7s, new
Wilmington, N. C., 6s, gold....
do
do
8b, gold....
82
85
55
70
62
70
74
75
50
43
55
45
55
65
80
70
40
52
37
40
60
42
68
70
85
85
85
65
80
RAILROADS.
Ala. & Chatt. lstm. 8s., end....
Ala. & Tenn. R. lBt mort. 7s...
do
do
2d mort. 7s
Atlantic & Gulf, consol
do
do end. Savan’h.
do
do stock
do
do
do
guar.
Gentral Georgia 1st mort. 7s...
do
consol, m. 7s.
do
stock
Charlotte Col. & A. 1st M. 7s...
do
do
stock..
Charleston & Savannah 6s, end
1st m.7s....
Savannah & Char.
Clieraw & Darlington 7s....
East Tenn. & Georgia6s....
East Tenn. & Va. 6s, end. Tenn
E. Tenn. Va. & Ga. 1st m. 7s...
do
do
stock
do
stock
Greenville & Col. 7s, guar
do
do 7s, eertif....
Macon & Brunswick end. 7s...
Macon & Western stock
Macon & Augusta bonds
do
do
endorsed....
do
do
stock
Memphis & Charleston 1st 7s..
do
do
2d7s...
do
do
stock
20
56
65
100
85
58
67
83*
35
62
70
90
65
82
50
85
70
50
69
2dm. 8s....
m. 7s..
do
do
75
88
3ds, 8s..
4tlis, 8s..
Riclim’d & Petersb’g 1st m. 7s.
Rich., Fre’ksb’g & Poto.6s
do conv.7s
do 3
Rich. & Danv. 1st consol. 6s...
Southside, Va., 1st in. 8s
do
2d m., guar. 6s.
3d m. 6s
do
do
ithm.88
Southwest RR. Gu , lstm.
do
stock
Carolina RR. 1st in. 7s, new.
do
6s
7s
do
do
stock
West Alabama 8s, guar
65
85
50
55
10
65
PAST DUE COUPONS.
[Tennessee State coupons
•Virginia
coupons
Memphis City coupons
Ido consol, coup
60
90
80
53
50
78
81
88
90
15
85
65
12
65
85
80
75
Orange & Alexandria, lsts, 6s..
do
do
2ds, 6s..
do
do
T2
72
85
aV
consol. 8s.
Montgomery & West P. 1st 8s.
do
do 1st end
do
do income
Mont. & Eufaula 1st 8s, g. end.
Mobile & Mont. 8s, gold, end..
Mobile & Ohio sterling
do
do
ex certil
do
do
do 8s. interest
do
do 2d mort. 8s....
do
do stock
N. Orleans & Jacks. 2d in. 8s..
do certif’s 8s..
do
N. Orleans & Opelous. 1st m. 8i
Nashville & Chattanooga 6s...
Norfolk & Petersburg 1st 111.8f
do
do
It
do
do
2dm. 81
Northeastern, S. C., 1st m. 8s...
do
2dm. 8s...
••
95"
53
62
Mississippi & Tenn. 1st
do
*
10
30
.
do
80
52
42
58
1
Memphis & Little Rock lstm..
Mississippi Central 1st m. 7s...
do
100
90
60
C., St. Jo. & C. B. 8s of ’85
do 8s of ’98
do
do
Keokuk & Des MoineB 1st 7s...
L. Out. Shore RR. 1st m. gld 7s.
Lake Sup. & Miss. 1st 7s, gold.
85
80
84
65
100
90
60
90
85
95
do
do
2d, guar.
St. L. & So’eastern 1st 7s, gold.
St. L. & St. Joseph 1st 6s. gold.
Southern Central of N. Y. 7s...
Union & Logansport 7s
Union Pacific, So. branch, 6s, g
Georgia RR. 7s
85
90
85
Indianapolis & St. Louis 7s...
85
60
30
60
65
100
Iowa Falls & Sioux C. 1st 7s..
Kan.
82*
do
Evansville, Hen. & Nasliv. 7s..
Elizabethtown & Padu. 8s, con
Evansville, T. II. & Chic. 7s, g.
Flint & Pere M. 7s, Land grant.
Fort W., Jackson & Sag. 8s
Grand Ii. & Ind. 7s, gold, guar.
do
do 7s, plain
Grand River Valley 8s....
IIous. & Texas C. 1st 7s, gold..
Indianap. & Vlncen. 1st 7s, guar
Rome & Watertown 7s
Rondout & Oswego 7s, gold...
Sioux City & Pacific 6s
South Pacific 6s, gold
Southern Minn, construe. 8s...
do
7s
St. Jo. & C. Bl. lBt mort. 10s...
8 p. c.
do
do
St. Jo. & Den. C. 8s, gld, W. D.
do
do
8s, gld, E. D..
45
2d 111.8s
Dutchess & Columbia 7s
Denver Pacific 7s, gold
Denver & Rio Grande 7s, gold.
Evansville & Crawfordsv.,7s..
Erie & Pittsburg 1st 7s
do
2d 78
do
do
do
7s, epuip. ..
*
44
49
75
103
95
48
25
48’
90
Oswego & Rome 7s, guar
Peoria, Pekin & J. 1st mort— 70
Peoria & Rock 1.7s, gold
Port Huron & L. M. 7s, gld. end 25
do
do
7s, gold...
Pullman Palace Car Co. stock.
do
bds, 8s, 1st series 92*
Rockf’d, R. I. & St. L. 1st 7s, gld 10
Rome, W. & Ogdensburg 7s...
l66”
101
Bid. Ask.
SECURITIES.
62
103
103
103
103
103
44
Chic., Danv. & Vincen’s 7s, gld 48
Cleve., Mt. V. & Del. 7s, gold..
90’
Connecticut Valley 7s.
Connecticut Western 1st 7s.... 65
Chicago & Mich. Lake Shore..
Dan.Turb., Bl. & P. 1st m. 7s,g 50
Des Moines & Ft. Dodge 1st 7s.
Detroit, Hinsdale «fe In. RR. 8s.
Detroit & Bay City 8s
60
Detroit, Eel River & Ill. 8s
Dct.. Lans. & Lake M. 1st m. 8s
do
66
100
100
100
100
100
39
100
1st 7s, 10 years
2d 7s, 20 years
Chicago, C. & Dub. 8s
Chicago, Bur. & Quincy 7s
53
43
48
90
IOO” 103’
Chesapeake & 0.1st m. gold 6s 45”
do
2dm. gold 78
Col. & Hock. V. 1st 7s, 30 years 85"
Jackson, Lansing & Sag. 8s....
Jack., N. W. & S. E. 1st m. g. 7s
Kansas Pac. 7s, extension, gold
do
78, land grant, gld
do
112
do new,kid
7s,
112
do
6s, gld, June & Dec
do
6s, do Feb. <fe Aug
do *
7s, 1876, land grant
110
do
7s, Leaven, br’nch
110
do
Incomes, No. 11...
No. 16...
84
do
do
100
do
Stock
98
Kalamazoo & South H. 8s, guar
81* Kal., Alleghan. & G. R. 8s,guar
93* Kal. & White Pigeon 7s
83* Kansas City & Cameron 10s.
Pitts,, Ft. W. & Chic., 1st mort. 106* 106*
do
do
2d mort. 102
do
do
3d mort. 100
Cleve. & Pitts, consol, s. fund. 102* 103*
101
do
do
3d mort
94
95”
do
do
4th mort
71
Col., Chic, & Ind. C. 1st mort.. 68
28
do
do
2d mort..
93* 94
Rome, Watert’n & Og.cou. 1st
95
St. L. & Iron Mountain, lstm.. 93
do
do
2dm.. 72*
103*
Alton & T. H.,
95*
do
2d mort. pref... 92
do
^st mort
3dS.,do 8s....
4th S., do 8s...
5thS., do 8s...
6th S., do 8s.
Clilc. & Can. South. 1st 111. g.7s
Ch. D.& V., I. dlv., 1st 111. g. 78.
89*
100* 102
104* 105
102
100
102*
100
Land m. 7s....
2d S., do 78
75
97
30
41
62* 66
45
104* 106
101
103
100
100
101
101
101
98
100
98
100
45
48
100
101
69
75
80
60
70
65" 70
90
95
85
Chic. & Southwestern RR. 7s..
ioi‘
7s, 1879
100
7s, 1883
96*
7s, 1880
7s, 1888..
mort. gold bds.
do
do
do
do
do
do
do
do
do
do
do
do
do
do
do
do
Q.ulncy & Warsaw 8s
99
7s of 1871
Atchison, Top. & S. Fe, 7s, gld.
Atchison & Nebraska, 8 p. c...
do
9i*
101*
2d mort
bonds
...
7
25
86’
*6*
Cleve.,P’ville & Ash., old bds
100
do
do
new bds 100
Detroit, Monroe & Tol. bonds. 101*
102
Buffalo & Erie, new bonds
7*
54
80*
77
108
Essex, 1st mort
do
do
2d mort...
Mich. So. 7 p. c„2d mort
Mich. S. & N. Ind., S. F., 7 p. c.
Cleve. & Tol. sinking fund...:
do
do new bonds
31
78
54
77
2dm... 107
7s, conv. 107*
.
31*
84’
si*
Long Dock bonds
Buff., N. Y. & Erie, 1st m., 1877. 86*
do
do
do
large bds
104
Han. & St. Jo. land grants...
8
do
do
88, conv. mort... 89*
Illinois Central, 7 p. c., 1875.... 101
6*
Dubuque & Sioux City, 1st in..
do
do
2ddlv.
Cedar Falls & Minn., 1st mort.
45
Indianap., Bl. & W., 1st mort..
Kail road Mocks.
(Active previously quoted.)
Albany & Susquehanna
do
do
’ Erie, 1st mort., extended.
do
endorsed...
28
81*
43
C.,C.,C.& Ind’8.1stm.7s, S. F. 104* 105*
Del., Lack. & Western, 1st m.. 101
110
110
110
113
113
25*
Bid. Ask.
SECURITIES.
Alton & T. H., 2d mort. income 75
Belleville & S. Ill. R. 1st m. 8s. 96
'3* '4 ' Tol.. Peoria & Warsaw, E. D... 80*
do
do
W. D..
do pref
5*
do
do
18Jk 20
do Bur. Dlv.
245
do
do 2d mort..
68
do consoles
do
Tol. & Wabash, 1st m. extend,
Kttilroad Bond*.
do
105
106
do
lstm. St.L. dlv
do
do
2d mort
102
103
do
do
2d
do
98
do
do
equipm’t bds.
do
3d
do
do
do
con. convert..
do
Boston, Hartf. & Erie, 1st mort 23* 23*
44
Hannibal & Naples, 1st mort...
do
do
guar,...
48* Great Western, 1st mort., 1888.
Bur., C. Rapids & Minn. 1st 7s, g 45
do
2d mort., 1893..
44
52
Chesapeake & Ohio 6s, 1st m... 36
do
do
ex coup
Qulncv & Toledo, 1st mort. 1890
Illinois & So. Iowa, 1st mort...
Chicago & Alton sinking fund.
105' 106
Lafayette, Bl’n & Miss.. 1st m.
do
do
1st mort
Han. & Central Missouri, 1st m.
100*
do
Income
do
Pekin.Lincoln & Decatur, lstm
Joliet & Chicago, 1st mort
9i
Cin., Lafayette & Chic., lst m. 83k
Louisiana & Mo., 1st m„ guar.
97* Del. & Hudson Canal, 1st in., ’91 104*
St. Louis, Jack. & Chic., 1st m. 96
do
do
1884 103*
Chic., Bur. & Q. 8 p. c. 1st m... 109*
do
1887
do
do consol, m. 7s 101\ 102
do
105
106
Long Island RR., 1st mort
Chicago, Rk. Island & Pacific.
108* 109* Nashville & Decatur, 1st m. 7s. 86
Central of N. J., 1st m., new...
do
do
1st consol.... 102* 103* South Side, L. I., 1st m. bonds.
105
105* Western Union Tel., 1st m. 7s. IOO*
do
do
con.conv
100
miseellaneous Li«t.
Am. Dock & Improve, bonds..
Atchison & P. Peak, 6s, gold...
Mil. & St. Paul 1st m. 8s, P. D.. 108* 112
Atlantic & Pacific L.G. 6s, gld. 36
do
do
7 3-10 do. 93
do
42*
State Bonds.
Alabama 5s, 1883
do
8s, 1886
do
do
41
THE CHRONICLE
January 9, 1875 J
56
80
82
60
60 "
25
80
74
70
65
62
18
91
85
85
80
93
88
82
92
&5
90
82
91
75
90
80
80
68
Wm. Whiteright,
H. C. Parsons, of
West Virginia ; John Echols and Wm. C. Wickham, of Virginia,
be and are hereby elected directors of this company for the ensu¬
D. Stewart, James G. Clark, W. B. Hatch and
Jr., New York; Pliny Fisk, of New Jersey;
3 nuestments
3781
[January 9,1875.
THE CHRONICLE
42
AND
STATE, CITY AND
CORPORATION FINANCES.
STOCK AND BOND TABLES.
the “ Bank*
ers’ Gazette,” previously.
Full quotations of all other securities will be
found on preceding pages.
2. Government Securities, with full information in regard to each
ssue, the periods of interest payment, size or denomination of bonds, and
&T EXPLANATION OF
1. Prices of the moat
Active Stocks and Bonds are given in
other details, are given in the U. S. Debt statement
The Chronicle on the first of each month.
3. City Bonds, and Bank, Insurance,
Gas Stocks, with quotations, will usually be
weeks of each month, on the page immediately preceding this.
4« The Complete Tables of State Securities,
numerous
published in
ing year.”
Chicago Danville and Vincennes.—It appears that the state¬
ment concerning this company last week, originating with some
of the Western papers, was calculated to give an erroneous im¬
pression. The officers in this city report that the facts were
garbled; and that no suit of the kind referred to is pending
against their company.
New York Central & Hudson River.—
{Official Returns for the Fiscal Tear ended September 30, 1874.)
We have just obtained the official figures from the report of
the New York Central & Hudson River Railroad for the year end¬
City Railroad and
published the first three
City Securi¬
ties, and Railroad and miscellaneous Stocks and Bonds
will be regularly published on the last Saturday in each month. The publi¬
ing September 30, 1874. The most important difference in the
cation of these tables, occupying fourteen pages, requires the issue of a
report from former years is in the fact that the earnings and ex
3llenient, which is neatly The Chronicle. the usual
regular subscribers of stitched in with
penses of operating the Harlem road are included in the returns.
Central Pacific.—Messrs. Fisk & Hatch have issued their In 1869 it reported gross earnings of $22,071,074, and net earnings
usual first of January circular in regard to the business of this
$7 ,904,512. For subsequent years the figures have been as fol¬
road, which contains the following detailed statement of the lows :
earnings and operating expenses for the year 1874, as compared
1869-70.
1870-71.
1871-72.
1872-73.
1873-74.
with the two previous years, the amounts for November and Gross
earnings
$22,363,320 $21,972,105 $25,580,676 $29,126,651 $31,650,386
December, 1874, being partly estimated :
Operating expenses 14,068,079 13,711,283 16,446,436 17,641,987 18,388,297
Gross Earn’gs. Oper. Exp’ns’s. Net Earn’gs*
Net earnings... $8,295,241
$8,260,817 $9,134,240 $11,484,864 $13,262,089
$12,734,729
$5,527,445
$7,207,234
18,872,632
5,657,724
8,214,908
A note to the earnings shows that the Central & Hudson proper
1874
14,234,714
5,767,527
8,467,186
earned $29,149,072 and the Harlem $2,501,314. It appears that
Increase of net earnings for 1874 over 1872, $1,259,902 ; 1874
the actual results of the year’s traffic showed net earnings of
over 1873, $252,278.
Messrs. Fisk & Hatch remark: ‘‘The steady increase in the $13,262,089, out of which taking interest, lease, rent, and 8 per
business of the Central Pacific Railroad, from year to year, is due cent dividends, there was a balance of $2,576,469 as surplus,
in part to the natural increase in the trans-continental intercourse
and of this amount $2,460,554 was spent in new construction.
between the Atlantic and Pacific States, both in travel and freights ;
in part to the increase of population along the main line and Last year the amount similarly spent in new construction was
branches, and the rapid development of the immense agricultural $2,364,747, in 1871-72 $712,237, and in 1870-71 $109,584, making
resources of the two great valleys penetrated by the San Joaquin
a total sum of $5,647,122 which has been expended in construc¬
and California and Oregon branches ; and in part to the progress
tion during the past four years from means not derived from the
and extension southward from San Francisco of the Southern
Pacific Railroad of California, of which 315 miles are now|con- sale of stock or bonds. The bonded debt increased during the
structed and in operation, and which is developing a very large year $10,759,209 and the construction account $14,491,549. The
traffic from the rich and fertile regions of the interior.”
receipts and payments the past two years have been as follows:
Receipts.
1872-73.
1873-74.
Chesapeake & Ohio Railroad.—The Presidents’ report for the
$6,999,456
$7,497,356
year ending September 30, 1874, lias the following : “The proposi¬ Passenger earnings
tion of the company, referred to in its last annual report, for Freight earnings
19,616,018
20,348,725
From other sources
2,511,377
3,804,304
funding its indebtedness and a portion of the interest on its mort¬
gage debt into income bonds, have been assented to by a large
$31,650,386
Total receipts
$29,126,851
majority in amount of each class of creditors ; but your president
Payments.
and board of directors regret to say that a number of creditors of
3.775,526
4,233,489
each class sufficient in amount to involve the failure of the plan Maintaining road, real estate, &c....
3,812.806
3,353,376
Repairs of machinery
have thus far withheld their assent.
10,799,964
10,055,122
Your president and board of directors deem it proper to say in Operating road
this connection that the future of this great enterprise, which has
Total transportation expenses... $17,641,937
$18,388,297
cost so much labor and so much money, and in which so vast in¬
terests are involved, depends now upon the final decision of those
2,460,554
Roadway, grading, bridging, &c.....
-2,364,747
bondholders and other creditors who have not yet assented to the Interest..
1,984,363
1,218,422
7,136,884
7,136,790
proposed terms of settlement. They also deem it proper to say Dividends
that they have carefully considered every suggestion that has Rent of leased lines
1,564,370
743,384
been made to them by the parties in interest having a different Leaving cash on hand
115,915
21,521
plan of settlemet in view, and that while they would willingly
and gladly adopt any other plan which they were convinced was
Total
.29,126,651
$31,650,386
feasible, equitable, and better for for all interests than the one
Comment has been made in some of the newspapers on the
they have proposed, and which has been found acceptable to a large amount of receipts from “ other sources,” and the sugges¬
large majority in interest, yet they are constrained to say, being tion made that this included the premium from bonds sold ; but
themselves more largely interested than any other equal number
the full returns which we have, show the following specific items
of persons, that if the plans proposed by them are rejected they
of receipts from “other’sources,” viz.: Car service. $1,292,655; rents,
perceive no other alternative than the waste of a large and very $679,386; mail service, 350,961; telegraph, $7,395; interest,
valuable property in the cost of litigation, and the final acquisi¬
$230,551 ; use of road, $274,904; miscellaneous, $968,450.
tion of what remains perhaps by parties who have contributed
COMPARATIVE STATEMENT FOR FOUR YEARS.
nothing toward its construction, and who have not shared in the
edition and furnished
“
labors and trials connected therewith.
The experience of the past year has
demonstrated more conclu¬
sively than before the absolute necessity of connection, by rail,
Itoad and
1870-1.
“
from the western terminus of our
lished and in operation.
“
follows:
EARNINGS.
$453,376 60
950,312 33
15,038 60
Passenger fare
Freight
Express freight
United States mail
33,990 85
2,471 55
Miscellaneous
$1,460,189 93
Total
EXPENSES.
Train expenses
Depot expenses
Miscellaneous
Loss and damages
Maintenance or way
Repairs of machinery
General expenses
Salaries
$351,175 45
130,665 67
40.251 48
“
earnings
Increase of
penses over
$9,339 52.
12,482
367,093
225,944
26,86-8
21
“
96
<4017
260*03
814-63
1,552 * GO
424
8
333
115
'844*63
l,62r47
447
8
321
70
858 34
3,716 37
511
8
351
70
1,000*20
2,359*39
564
8
436
76
Baggage, mail and ex.
Freight (8-wh.) cars..
129
8,P49
10,983
Operations and Fiscal Results.
4,311 884
3,645,690
4,076,800
7,911,257
9,666,344
6,986,107
4,433,221
9,9-51,040
Dummy engines
Train mileage, pass..
Train mileage, freight
88
53
$245,849 45
earnings over 1872-73 was $249,681; increase of
ex¬
1872-73. $344,039 99 ; less decrease, loss and damages.
Total, $334,640 47. Expenses, 83 16-100 per cent of
:
16,446,436
-1,030,372
1,218 422
146,799
743,383
8,260,817
7,258,742
Sinking fund
Roadway, brid’g. &c.
(new construction).
Cash balance
319,150,860
1,020,908,885
$25,580,676
9,134,240
7,244,832
11,484,864
217
14,786
9,878,352
350,781,541
6,114,678
1,391,560
$31,650,386
18,388,297
13,262,089
1,984,363
7,136,790
7,136,«84
2,364,747
2,460,554
1,564,370
111,183
109,584
.....
712,237
14,803
21,120
115,915
Financial Condition at Close of Each Year.
Capital stock
Stock certificates....
Funded debt
Total
Cost of
$45,000,000
44,428,330
15,231,719
$84,699,300
4,729,000
16,496,020
$84,699,300
$88,935,200
27,725,533
493,100
38,484,742
4,729,000
1,167
road
equipment
1,167
1,167
1,167
$104,661,216
Floating debt
was
13.711,288
60,000
:
Dividends paid
Lease and rents
59,863 30
177
13,745
7,630,741
339,122,621
5,522,724
1,246,650,063
$29,126,851
17,641,987
288,678,896
Freight (tons) carried.
Freight mileage
888,327,365
Gross earnings
$21,972,105
earnings
158
721,808
Passengers carried...
Passenger mileage...
Interestpaid
Rwlwd, That C. P. Huntington, A. A. Law, W. H. Aopinwall,
183-4.
740-17
118• IT
Net
earnings.”
At a meeting of the stockholders the following resolution
adopted
1872-3.
740 17
104*46
Miles road owned
Miles road leased
Miles road operated..
Miles single track
Locomotive engines..
Operating expenses..
$1,214,*340 48
Net
1871-2.
740M 7
10446
1st class pass. cars...
2d class pass. cars...
road with roads already estab¬
operations of the road for the y^ar ending September 30
The
were as
Equipment.
$105,925,487
$117,155,000
$127,914,209
$90,413,657
$63,299,925
and
$78,014,954'
$92,506,503
January 9,1876.]
(THE CHRONICLE.
43
COTTON.
<£lje Commercial Cimes.
Friday, P. M., January 8, 1875.
By special telegrams'rbccived to night from the Southern ports
we are in
possession of the returns showing the receipts, exports,
COMMERCIAL EPITOME.
&c., of cotton for the week ending this evening, Jan. 8.
It
Friday Night, Jan. 8, 1875.'
appears that the total receipts for the seven days have reached
The new year opens with an effort oa the part of business 82,178 bales against 146,593 bales last week, 164,760 bales the
previous week, and 188,434 bales three weeks since, making
men to take a cheerful view of the situation. Prices are regardec
the total receipts since the 1st of September, 1874, 2,214,397
as generally low, not
only for the leading staples of domestic bales,
against 2,060,596 bales for the same period of 1873-74,
produce, but for manufacturers; and .but for some distrust which showing an increase since
September 1, 1874, of 153,801 bales.
is felt in the new financial measures of the administration, an
The details of the receipts for this week (as per
telegraph) and
early return of mercantile prosperity might be anticipated. for the
corresponding weeks of the five previous years are as
With a large class there seems a determination to make no per¬
follows:
manent investment in the nature of a business enterprise, until
our currency shall be restored to a specie basis.
They keep their
1875.
1874.
1373.
1872.
1871.
1870.
funds under easy control, and await events. With a direct in¬ Received this week at—
flation of the currency to the amount of twenty million dollars,
bales.
48.872
23,733
49,199
49,264
45,847
and eiglity-two millions more that may be thrown upon the New Orleans
40,000
Mobile
8,449
15,765
11,120
12,384
15,850
13,835
country whenever a plausible pretext may present itself, the Charleston
6,818
14,753
8.390
10,435
5,716
Port Royal, &c
961
8
J 13,716
future of the National finances is regarded as very uncertain, so
Savannah
10,803
17,667
21,38)
15,095
27,819
15,()56
much so that prudence and not enterprise becomes the highest Galveston.
6,0-26
2.,(.63
6,231
8,000
11,603
166
441
Indiauola, &c
\ 12,579
business virtue.
Tennessee, «&c
8,213
7,771
3,834
6,323
11,047
8,146
The following is a statement of the stocks of leading articles ol: Florida
681
719
483
413
400
174
North Carolina
1,522
1,366
1,169
1,106
domestic and foreign merchandise, at dates given :
3,731
2,466
Norfolk
8,342
18,0)1
13,337
10,875
5,897
»—» OO -I L
321
360
1875.
City Point, &c....
770
542
J 12,399
Jan. 1.
Dec. 1.
Jan. 1.
Total this week
82,178
142,705
133,235
Beef
110,618 1
28 819
139,631
98,790
19,867
18,307
i
Pork
lihds.
Coffee, Rio
Coffee, other
1
53,469
19,606
11,884
Tobacco, foreign...
Tobacco, domestic.
1
,
16,637
8,175
50,067
43,620
8,421
46.445
33,961
Coffee, Java, &e...
Cocoa
Sugar
Sugar
Su^ar
Melado
Molasses
Molasses
Hides.
Cotton
Rosin
20.6(5
5,044
12,155
1,855
4,264
34,451
22,83-4
299,792
1,314
25,591
2,948
hhds.
1.879
13,459
,
.
•
54,544
54,505
38,977
2.922
33,077
43,432
26,940
258
2,675
2,025
3,098
6,382
232.000
Tar
bbls.
5,973
76,150
73,522
71,449
5,023
3,222
Rice, E. I
Rice, domestic
Gunny cloth (Cal.).
Gunny bags
bags.
8,430
110,442
74,354
7,904
2,761
13,300
3,150
400
700
15,200
6,360
9,900
2,431
10,500
14.000
8,200
8,200
15,274
25,800
No.
Spirits turpentine..
Linseed
Saltpetre
Jute
Jute butts
Manilla hemp.....
Ashes
28,550
67,000
49,420
571
1 T3.700
144.000
92.077
9,512
2,618
10,700
2,400
2,000
14,100
21,700
27,200
103,650
1,092
2,214,397
2,060,596
1,868,286
1,486,412
1,765,026
1,440,225
The exports for the week ending this evening reach a total
of 70462 bales, of which 45,877 were to Great Britain, 7,519 to
France, and 1G,766 to rest of the Continent, while the stocks as
this evening, are now 817,533 bales. Below are the
exports and stocks for tho week and also for the corresponding
made up
week of last
season :
Exported to—
Week ending
G. Brit.
•Jan. 8.
NewOrleans.
Mobile
Charleston...
Savannah
Galveston
New tork..
Other ports*
....
Total
Since Sept. 1
...
16,553
5,20 >
1.726
9,112
5.V20
5,03i
2,123
45 877
819,956
44.950
111,900
1.350
Totalslnce Sept.l...
Stock.
Totalthis 8amew’k
France
Contln’t
week.
4,195
1,760
6/41
2. ;05
1.HO
5,138
27,392
16 114
999
680
6,819
5.718
....
1,564
....
•
•
•
....
7,519
127,862
1874.
2,123
55,144
1,269
11, 25
12,770
10,712
10,057
2,666
70,162
1,136,082
101.013
1,018,425
9 170
2,826
....
1
’,766
158,26 4
1875.
1874.
267,627
254,757
72,211
18 823
72.710
42,453
94,771
87,611
154,603
63,000
97.3;i7
110,040
87,208
817,533
720,118
60,000
*
The exports this week under the head of “other ports” include from Bal’ltimore 150uales to Liverpool; from Boston 1,368 bales to Liverpool; trom Wil¬
mington 605 bales to Liverpool.
Freights have been firm, with rates showing a slight upward
[BSP* Our telegram from New Orleans to-night shows that
tendency. The extent of room seeking employment has become
quite moderate.
Late engagements have embraced grain by besides the above exports the amount of cotton on shipboard, and
steam to Liverpool, ll(g)ll$d., and by sail, 10@10£d.;
by steam to engaged for shipment at that port, is as follows: For Liverpool,
London, 12@12^d.; refined petroleum to Bremen, 4s. 10^d@5s. per 40,009 bales; for Havre, 23,000 bales ; for Continent, 52,500 bales ;
bbl.; to London, 5s. Gd., and to a Danish port, 5s. 9d.; crude petro¬ for coastwise ports, 3,000 bales ; total, 118,500 bales ; which, if de¬
leum to Marseilles, 5s.; naphtha to Liverpool, 6s ; grain from ducted from the stock, would leave 149,000 bales representing the
Baltimore to the east coast of Ireland at 8s. per quarter. To-day, quantity at the landing and in presses unsold or awaiting
orders.]
From the foregoing statement, it will be shhu that,
there were shipments of corn to Liverpool at ll|d. by steam, and
compared
lOd. by sail, and vessols with grain to Cork for orders quoted at with the corresponding week of last season, there is a decrease
id
the exports this week of 33,881 hales, while the stocks to¬
78. 9d.@8s.
Provisions have been moderately active at firm prices, but night are 97,415 bale* more than they were at this time a year
without decided advance or much activity except in lard, which ago. The following is < ur usual table showing the movement
yesterday sold freely at l^. ^r prime Western on the spot and of cotton at all the ports from Sept. 1 to Jan. I, the latest mail
for early delivery, and 14£c. for March.
There was a good export dates:
demand. As regards supplies of hog products, there is really no
new feature.
The number of; swine slaughtered is pretty large,
BBOBIPTS
BXPOBTBD 81 NOB 8KPT. 1 TO—
Coast8INOB 8KPT.1.
but they are deficient in weight.
PORTS.
To-day, pork soli at $20 25@
wise
Stock.
Great
O ther
Ports.
1374.
1878. Britain. France. For’gn
$20 50 for new mess, and $19 for Western prime mess; also new
Total.
mess for March delivery at $20 25.
Bacon sold at 10£@10£c. for New Orleans... 511,610 564,6.7 214,714 72.035 45,126 331,955 76,290 258,890
Western and city long clear. Lard was higher, and closed at Mobile
209.327
162.689
25,909
4,884
8,182
97,291
38,9,5
76,640
303,646
247,213
17,974
110,157
6,612
131,743
107,8.0
73,373
14 l-16@14|c. for January and February, and 14c. for March, with Charleston*
Savannah
414,125
411,671
20,68)
148,914
87,4.0
207,012
119,50)
102,7(5
22 5,06 3
14c. paid, seller six months. Cutmeats very firm. Beef quiet. Galveston
1.512
176,765
80,057
6,571
88,150
57JX0
90,799
New York
56,261
61,601
154,677
3,24 0
23,437
181,854
161,877
Tallow has ruled easier at 81@8 15 lGc. for prime. Stearine sold Florida
7.813
7.016
7^13
at 14$c. for arrival.
10,6*13
Butter unchanged. Cheese in belter export No. Carolina,.. 59,'83 24,992
1,0 (i
44,913
11,093
3/09
Norfolk*
254,492
213,413
...
.....
demand and steady at 12@16c.
Other ports....
Coffee, with a greatly reduced stock, has ruled very quiet, and
very firm.
Quotations, however, in the present posture of
affairs must be regarded as quite nominal. Rice is dull, and
prices a little weak, the demaud not taking off stock with suffi¬
yet
cient freedom.
Molasses has been dull.
There is as.yet no new
of foreign on the market, but of domestic there is a large
accumulation, at weakening prices. Sugars have been quoted
firmer, but close dull and unsettled, with a downward tendency ;
tbe importation has been limited, but the presence of Louisiana
is a depressing influence.
Refined petroleum here continues to advance, and the primary
markers have been very strong; at the close 12£c for January
was the asking
price; crude in bulk is also notably firm
at 6f(aG4c. for
this month’s delivery.
In rosins there has
been a continued quietness, and quotations have gradually weak¬
ened, until at the close strained was freely offered at $2 10.'
Spirits turpentine has been maintained in a very steady position
by the Wilmington advices, and quoted here at 36c.
Kentucky tobacco has been very dull, and prices are easier, at
10^@13c. for lugs, and 14@25c. for leaf. The sales for the week
were only 100 hkds., of which 50 were for
export, and 50 for con¬
sumption. Seed leaf has also been very quiet ; the sales embrace :
Crop of 1873, 13cases Pennsylvania, at 11c. ; 35 cases Connecticut,
150 cases New York, and 135 hlids. repacked Ohio, on private
terms ; also 100 cases sundry kinds at 10@50c. Spanish tobacco
has been dull; the sale* were 250 bales Havaoa, at $85@115.
crop
31,861
Total this year. 2132,219
Total last year.
.
17,924
....
1917.891
27,013
32,550
801,079
-
-
.
,
1,403
28,421
44,207
204,378
| 1065,920
j 715,005
1
■
11,657
120,34)
141,498
635,237 ' 143,158
31 So,987
914,382
618,373
23,986
48,000
j
i
834,679
830,743
*
Under the head of Charleston Is Included Port Royal, &c.; under the head of
Galveston Is included Indiauola, &c.; under the head of Norfolk is
included City
Point. *c.
The market for cotton on the spot lias been
buoyant, and at the
close of yesterday’s business quotations had been advanced |c. over
the previous Thursday (the 3ist ult).
There lias been more doing
for export and consumption, with a considerable business for
ulator but not much activity has been apparent;
therefore, has been to some extent a nominal one,
small receipts, the upward course of early futures,
in Liverpool, and the firmness of holders here.
market was dull and weak, with the loss of 4C-
spec¬
the advance,
based on the
the advance
To-day, the
°f the above
advance.
For future delivery, the improvement has been much
greater than in cotton on the spot, and the early months, have
advanced more than the later months, as will be seen
by
reference to our table of prices. Great activity Ins
prevailed,
with frequent fluctuations.
About the highest figures of
the week were reached in the course of
regular business
yesterday, when prices were from 1 l-16c. to 1 3-16c. above
the opening on Thursday, the 31st
December; but before
the close last evening there was a decided break, and this
morning a further decline under a quieter report from Liverpool.
Reports on the street were that the roads in the South were
[January 9, 187 S.
THE CHRONICLE
44
month nine inches and
vicinity are very bad.
quagmire by prolonged rains, and in addition to this
it began to be suspected that the reduced receipts at the ports
were to some
extent the result of manipulation. Later there
was rather more steadiness, but at the close of regular hours the
decline in twenty-four hours was
f@£c. per lb. After
’Change there were sales at 14 31-32015c. for February, 15£
@15 7-16c.. for March, 15 13-16c. for April 16, 16 l-32@
16 l-16c. for May, 16 21-32c. for July, and 16ic. for Au¬
gust, showing a recovery of l-16@fcc. from the lowest
The total sales for
forward delivery for the week are
247,700 bales, including
free on board. For immediate
delivery the total sales foot up this week 9,315 bales, including
reduced to
0.30012.,754751..43135221.630;
0 .472
sixty-six hundredths,
The roads In this
The thermometer has averaged 83, the
point being 16 and the highest 49.
New Orleans.—There have been five rainy days during the
week, the rainfall reaching three inches and twenty-one hun¬
dredths.
The roads are slushy. Average thermometer 50.
Vicksburg.—The weather the past week has been cloudy, rain
falling on four days to the extent of sixty-eight hundredths of an
inch. Average thermometer 39. Our correspondent states that
a
lowest
point.
“
the crop in
this vicinity is about
two-thirds marketed.”
rest of the week being
Nashville.—Rain fell on two days, the
cloudy. Rainfall, one inch and sixty-two
thermometer, 31.
hundredths. Average
2,263 for export, 2,868 for consumption, 2,779 for speculation and
Memphis.—There have been three rainy days the past week,
1,405 in transit. Of the above, 500 bales were to arrive. The the rainfall reaching two and eighty-hundredth inches.
The
following are the closing quotations :
crop is being marked freely.
Average thermometer, 31.
Mobile.—Cold, cloudy weather has prevailed, rain falling on six
Uplands.
Classification.
days of the week.
The rainfall has reached one and fiixty-three
12%®...
12%®....
12%®....
12%®-.
hundredths inches ; for the month of December, four inches and
Ordinary
per ft.
'3%®....
0357.1 750.
New
Orleans.
Alabama.
New
Good Ordinary
Low Middling
Middling
Good Middling
Middling Fair
15
®...
15%®....
16%®...
16%®....
Fair
jtfeiow we »rive
the sales ol spot
Uplands at this market
14
16. @,...
16%®....
week
each day of the past
Exp’t.
Saturday
Monday.
Tuesday
sump.
PBIOKh.
100
214
‘600
305
2,779
1,405
9,SI 5
1,329
125
Thursday
Friday
Total
965
461
1,317
2,263
ii*
12%
687
12%
ii%
13%
13%
12
14%
14%
14%
hundredths. Average thermome¬
this point on every day the past week
adding one and ten hundredths inches.
Average
thermometer, 42; highest, 56 ; lowest 29.
Macon.—A drizzling rain has prevailed on six days of the week.
Rainfall for the month of December, four inches and nine hun¬
Selma.—It has rained at
14%
14%
15%
14%
fourteen
ter, 44.
the rainfall
Mid
Low
13%
13%
13%
13%
12%
171
1,500
month five inches and
Ord’ry Ord’ry. Midl’g. dllnsj
8,041
2,419
2,478
1,206
220
hundredths. Average thermometer, 47.
Montgomery.—There has been rain on six days of the past week,
the rainfall aggregating one inch and four hundredths ; for the
seventeen
15%®...
15%®...
16%®...
I6%to...
Good
closed.
‘in
'bii
WedneBday
uia’n
Total.
500
Spec-
Tran¬
sit.
Excb.
Con-
New
®...
14%®...
and transit cotton and price of
SALKS.
Classification.
t4
®....
14%*....
15%®....
15*®....
16%®....
16%®....
14%®....
15%®....
15%®....
11%®....
Texas.
15
dredths.
the crop
ter, 48.
Our correspondent telegraphs that about four-fifths of
has been marked in this vicinity. Average thermome¬
past week have been rainy, and
for the week, ninety-six hundredths
free on board
December, two inches and seventyFor forward delivery the sales (including
h re reached during the week 247,700 bales (all low middling or one hundredths. .Average thermometer, 36.
Columbus.—There have been five rainy days the past week, the
oa the basis of low middling),and thefollowing is a statement of
the sales
and prices :
For January,
ct«.
ba lea.
S0J
2.868
14 3-16
14 7-32
14 1-52
7th... 14k
14 9-32
500
100
600 B.n
100
200 s. n.
400
1,400
300
3 000
500
14 5-16
14 11-32
14 9 16
400
14 19-32
60.700 total Feb.
14 9 16
1,800.
...
14%
14 23-32
300
BOG
300
....14%
It 29-32
14 31-32
500
100
15 1-16
.15 3-32
000
15 3-16
1,100
1,000
15 7-32
14*
14 13-16
15
15%
15%
13,500 total
For
200
100
Jan.
2,10J
BOO
5,800
14 21-32
14 11-16
.14 23-32 1
14\'
14%
3,900
16 8-82
100
lfi%
16 5-32
16 3-16
16 7-32
16%
16 9-32
16 5-16
16 11-32
2,800
290
15%
15 5-16
1,600
15 11-32
tOO.
2.500
15%
1,000... ....15 13-32
3,800
15 7-16
100
67,500 total April.
For May.
100
15 27 32
500
15%
100
t5 29-32
2,600.;
15 31-32
15 15 32
15 k
15 17-32
3,100
7,500.
4,009
15 9-16
15 19-32
500
500
100
500
300
It 15-32
16 1-16
15 9-32
600
February.
14 7-16
16 1-82
1,300
15 3-16
15 7-32
1,SU0
4,000.
1,000
16
3,200
14 31-32
15%
15 5-32
500
500
1 300
15 15-16
15 31-32
10,500
For March.
109
700
200
15 29-32
bOO
15%
3,000
16
1,900
15 11-16
15 23-32
16 1-32
15%
2,900
15 25-32
60J
16 1-16
16 3-32
400
300
200;
200
16%
16 5-32
...16 3-16
16 7-32
15 13 16
15 27-32 1 1/00
15%
500
100
15 29-32 I
3, 00
6.300
16 17-32
16 9-16
20,960 total May.
15 27-32
15%
..
c?8.
bales.
400
300
15 25-3:
15 18-16
3.700
15 13 32
15 7-16
15 15-S2
900
15*
l.'.OO
15%
1,200
400
200 8.U
eta.
15 21-32
15 11-16
15 23-32
100
15 9-32
<5 5-16
15 11-32
300
days pleasant. Rainfall
of an inch ; for the month of
two
bales.
15%
4,500
Atlanta.—Five days of the
....
....
....
....
15 7-32
400
n....IS 31-32
s
cts.
bales.
1
For June.
16
100
16%
800
600
401...
400
600
16 5-82
16 3-16
16%
.16 9-32
16 3-16
1,4l()
1.500
300
300
10C
500
..
.
1.400
3,100
16 11-32
..:...16%
16 13 32
.-.16 7-16
16%
16 17-32
averaging 42.
16%
400
K)0
16 21-32
16 11-17
190
500
16%
16 25-32
400
500
13-16
18,400 total June.
For July.
700
16%
UK)
16 9-16
16 21-32
400
1,300
1,100
ie*
16 13-16
...
(old classification) for the
Thurs.
Frl. & Sat.
14%
.
14
14 15-32
14 15-16
February
March
...
15 516
15 11-16
16
April
May
,
June
1«%
July
August
16%
Goicl
112%
4 84
849
18,950
several
14%
14%
15 1-16
14*
14*
15%
15
15 3-16
15 7-16
14%
15 7-32
<5 21-32
16 31-32
16 5-16
15 9-16
16
16 11-32
15%
16%
15%
16 7-32
16%
15%
15%
16 15-16
17 1-16
D%
14%
14%
•
On spot
January
*
*
I
00
CS
'w
o
16 25-32
112%
*
•
4.84
171
40.300
„
16%
112%
4.84
16%
16%
16 13-16
17
112%
4.84
2 419
48.5'J0
.—Jan.
Feet.
high water mark...
Above low-water mark
Above low-water mark
Above low-water mark
Above low-water mark
16 13-16
17 1-32
17 5-32
112%
4.84
14*.
14 15-16
15 11-16
15 29-32
16 5-32
16%
16*
112%
4.84
8, 1875.—> r—Jan. 9, 1874.
Inch.
6
11
0
1
11
Below
New Orleans
•
600....5...16 19-32
1,600
15%
cloudy and cool, with five
days. Total rainfall, two inches and thirty-six hundredths.
Average thermometer, 44.
The following statement we have also received by telegraph,
showing the height of the rivers at the points named at 3 o’clock
this afternoon (Friday, Jan. 8).
We give last year’s figures
(Friday, Jan. 9, 1874) for comparison :
16%
16
'-4 29-32
100
16 27-32
16%
500
’6%
14 15-16 I
16 9-32
109
16 29 32
14 31-32 53,600 total March,
...155-16
300
16 15 16
... 15
1,900
16 11-32
for April.
17 1-16
900
15 1-32
1 200
16%
15 11-32
100
600
17 3 32
15 1 16
:0)
16 13-3
1,000
15 17-32
400
17%
15 3-32
3,000
300
16 7-16
15 9-16
1,800
3.600
15%
....16 15-32
300..
GOO.
15 19-32
409
15 5-32
9,100 total July.
2,100
16%
5,0>0
15%
15 3-i6
500
The following will show the closing prices each day on the
basis of low middling uplands
deliveries named :
Fri.
Thurs.
Wed.
Tues.
Mon.
bOO
1,400
1,300.
8.200
7,500.
Charleston.—The weather has been
thermometer
rainv
16 27-32
2/00
been cold, the
The weather has
hundredths.
i6 9-16
1,200
the
telegraphed us
ther¬
Augusta.—There have been heavy rains on every day of the
past week, the rainfall reaching two inches and eighty-seven
16 19-32
700
the
ther¬
reaching one and thirty hundredths inches ; for
month, five inches and thirty-seven hundredths. Average
mometer, 45.
Savannah.—Rain has fallen on four days, the remainder of
week being cloudy.
The rainfall for the week is
as
being four inches and seven hundredths.
Average
mometer, 63.
rainfall
Shreveport.,
.
....
....
17
23
17
.
....
19
Inch.
Feet.
6
7
'
29
1
b
b
Missing.
24
1
reported below high-water mark of 1871 until
the zero of gauge was changed to high-water
mark of April 15 and 16, 1874, which is 6-10ths of a foot above
1871, or 16 feet above low-water mark at that point.
The Receipts and the Crop.—Amid the many contradic¬
New Orleans
Sept. 9, 1874, when
tory reports now
current with
regard to the present and future
impossible, to-day, to reach on all points exact con¬
clusions. We give below a report from our friends at Nashville,
in order that the smaller crop views may be fully stated
Our
receipts, it is
estimate of the total yield was made from an
tion of the whole field, thoroughly believing
extended examina¬
in the result we in¬
dicated.
We expected a check in the movement early in Decem¬
ber ; it came later than we anticipated, but much more decided. Iu
our report of December 26 (page 676), will be found a statement of
the influences we then thought would tend to delay the market¬
ing of the balance of the crop. But in addition to those there
are two others now operating in the same direction
which were
then not
expected.
First.—There have been very excessive rains in many
of the South, making the shipment of cotton more than
Our telegram from Galveston last Friday
difficult.
portions
usually
(which,
Weather Reports by Telegraph.—Our weather reports through an oversight, was omitted from the details of our
to-night show excessive rains and cold during the past week weather report), stated that the movement there was thus being
almost everywhere in the South. This is of course of little im¬ interfered with, and to-night from Galveston and other points in
Texas we have similar reports.
We also have now the Galveston
portance now except as it interferes with the movement of the
News of January 1, which is thus explicit and decided on the
crop.
Galveston.—It lias rained here on six days this week, a drizzling same point.
kind of rain, and ice formed and snow fell in the northern part of
Advices from the interior represent the roads in most deplorable plight, and
the State.
The cause of the small receipts is the impracticable the country movement of cotton must be materially retarded. Receipts are
condition of the roads resulting from the wretched weather we light this week, ani are apt to continue so until a change of weather brings
improvement. Wagoning through the black lands and bottoms has become
have had.
The thermometer has averaged 45, the highest being very difficult on account of mud and high water, and in many sections is
62 and the lowest 34. The raiufall this week lias been one inch reported pretty much suspended.
®
and two hundredths, and for the month six inches and ninety-two
We understand also that the river banks in the Southwest are
hundredths.
so muddy as to interfere with shipments by river.
In this con¬
Indianola.—We have had rain on two days, the rainfall reach¬ nection we should remember also that wet weather must soon
ing thirty-two hundredths of an inch, the rainfall for the month improve the boating, and thus remove the difficulty of low water
being three inches and eighty-six hundredths. The tliremometer hitherto in the way of the movement of the crop in that section.
has averaged 43, the highest point reached being 54 and the lowest With regard to the Atlantic States we have nothing definite, ex27.
Corsicana, Texas.—It bas rained on three days this week the I cept that a very considerable amount of
Kxehanire
Sales spot
Sales future...
.
.
,
•
3,041
62,300
2,478
_56,510
1,206
40,100
an
rainfall reaching
fifty-nine hundredths of an
inch, and for the sections.
rain has fallen in mo<it
January 9, 1875.)
THE CHRONICLE.
Second.—The other circumstance tending as we suppose, to
check the movement is the political disturbance during the week
at New Orleans, which we think may have deterred some from
shipping, fearing the present trouble would result in a much
worse state of things.
These facts added to the influences stated in our report of Dec.
26, referred to above, may account for the very sudden decrease
in the receipts this week
45
day. We have, therefore, from mail returns, made up the fol¬
lowing statement for the full week ending Friday night, Jan, 1 :
Received this week at—
1874.
1873.
1872.
1871.
1870.
1869.
61.410
72,667
14,892
16,553
24,336
17,025
49,805
17,750
53,862
13,075
41,632
14,941
Crop Estimate of the Nashville Cotton Exchange.—
We have received the following from the Nashville Cotton Ex¬
New Orleans
Mobile
Charleston
Port Royal, &c
Savannah
Galveston
Indianola, &c
change :
Tennessee, &c
Nashville Tenn
bales.
11,303
13.678
1,301
16,555
13,667
8,420
17,851
1,460
l5,544
581
j-
13,538
13,057
10,17*.
9,419
23,889
19,138
21,422
11,594
9,977
7,130
3,417
5,486
569
7,893
1,119
21,101
7,819
8,092
276
671
669
’
255
Florida
North Carolina
J&n 2*^ 18T5
27,879
j-
President and Board of Managers of the Nashville Cotton Exchange : ’
4,088
1,522
1,621
3,469
2,718
1,586
Gentlemen—Your Committee on Information and Statistics being im¬ Norfolk
14.678
17,971
7,928
6,706
6,696
662
662
236
427
pressed with a belief that estimates based upon the receipts at the ports and City Point, &c
1,207
8,799
interior markets would approximate more closely to a correct solution of the
Total this week
146,593 177,675 104,703 126,929 124,450 114.090
crop problem, than those deduced from following the crop through its various
stages and conditions, respectfully submit the following:
The receipts of the crop of 1870-71 at the ports to 31st of December were
Banditti.”—Any of our readers interested in becoming
40k Per cent of the total; 1871-72 the percentage was 51#, and for 1872-73, acquainted with the new definition of this old word
may receive
46# per cent, while for 1873-74 it was 50 per cent.
some assistance in our editorial columns
In attempting the solutipn by this method there is but one important un
to-day.
known quantity to ascertain, to wit: the force of the influences which have
Bombay Shipments—According to our cable
retarded or pushed forward the crop. There are, of course, serious diffi¬
despatch received
culties to be met in determining this question, yet, to our minds, it is a more
to-day, there have been 16,000 bales shipped from Bombay to Great
simple plan than any other. In a comparison of a series of years, we now Britain the past week, and 16,000 bales to the
Continent,while the
and then find one that is an extraordinary exception to those which have
preceded or followed it. Such, for illustration, is the crop of 1870-71; receipts at Bombay, during the same time have been 25,000
although the trade was well aware of the determined effort on the part of bales. The movement since the first of January is as follows.
merchants and planters to hold back the crop, led thereto by the
existing These are the figures of W. Nicol & Co., af Bombay, and are
war in Europe, yet no one that we know of
comprehended even remotely the
brought down to Thursday, Jan. 7 :
to which this influence^ was checking the movement. * * * The
extent
crop of 1871-72 was marketed without any influence or material importance.
^Shipments this week-*
Shipments since Jan. 1,—Receipts.--^
In 1872-73 the movement was retarded by unfavorable weather. October was
Great
ConGreat
Con¬
This
Sinoe
Britain, tlnent. Total.
unusually cold. November gave Us as cold, if not the coldest spell, ever
Britain. tinent.
Total.
w^ek.
Jan. 1.
1875
known for that month, the intensity of which increased as the winter ad¬
16,000
16,000
32,000
16,000
32.000
16,000
25,(00
25,000
vanced, and further serious interruption was met with in the horse disease, 1874
14,000
1,C00
15,000
14,000
1,000
15,000
25,000
25,,000
1873
which reached the cotton belt late in November and spread
10,000
1,000
10.000
11,000
1,000
11,000
19,000
19,00 0
rapidly over the
South.
From the foregoing it would appear that
The panic of September, 1873, is fresh in the memory of all, and
compared with last
though its
effect in retarding the crop movement was very great, yet we find that 50
year there is an increase of 17,000 bales this year in the week's
per
cent, of it was into the ports by 31st December.
We have next in order the
shipments from Bombay to Europe, and that the total move¬
present crop, the progress of which from one extreme to the other and back
again, are without precedent, and has wrought great confusion in the minds ment since January 1 shows an increase in shipments of 17,000
To the
[
“
-
bales compared with the corresponding period of 1874.
to assert that the combination
The following are the figures for last week, which failed to
of influences, which have been forcing it to market, are more difficult of com¬
reach us in time for publication :
prehension than its vicissitudes of weather. It is impossible to compare the
movement of this crop with
any that has preceded it, but it may justly be con/-Shipments this week—* /—Shipments since Jan. 1-*
trasted with that of 1870-71, and in doing this we feel safe in
Receiptsasserting it has
Great
ConGreat
ConThis
Since
Sine
gone much farther on the other extreme. In considering its movement to
Britain, tineat. Total.
Britain, tinent. Total.
week. Jan. 1.
present date, we find a most remarkable combination of circumstances favor¬ 1874
5,C00
20,000
!5,000
853,000 406,000 1,259,000
16.000 1,321,000
able to an unusually rapid movement. Forced to an
early and uniform open¬ 1873
5,000
12,000
17,000
737,000 275,000
962,000
8,000 1,033,000
ing by a severe drouth, it was easily and quickly gathered, then impelled by 1872
2.000
1,000
3,000
258,000
664,000
922,000
9,000
970,000
the urgent necessities of the planters, it has been forced'forward without en¬
countering the slightest check or even impediment, and with a rapidity which
Gunny Bags, Bagging. Etc.—There has been more inquiry
the planters themselves have failed to realize.
Early and uniform maturity, for
bagging the past vteek, and sales in Boston have footed up to
pressing demands of planters, splendid weather, fine condition of roads, and
increased railroad facilities, have all conspired in favor of a
steady and rapid a very considerable total, the market closing higher, buyers
movement: and while we have good reason to believe that the
incomparable offering 11c, which sellers refuse.
The sales are 850 rolls at 10fc.
weather alluded to has added quite 200,000 bales 1e
the'crop, yet, allowing and 1,500 rolls at 11c. In New York the price is held at ll£c.
fully for the influences at work, we are forced to the conclusion that a much
larger per centage of this crop had reached the pm-ts by the 31st ult. than has India bales are quoted at 9c. Bags are still held at 12c. with
been attained by any previously. If this is not a fair and
legitimate conclu¬ small sales, buyers offer ll|c. Jute Butts are steady in price
sion. then all estimates as to the extent of the crop are built
upon sand, and
with a moderate demand. Sales are reported of 1,250 baios at 2|c.,
must be changed just as each day or week’s
receipts are above or below the
those who have endeavored to follow it, and base estimates of the result
or
upon
its varied conditions, and
we
feel inclined
,
general expectation.
Notwithstanding the numerous, and in some instances disinterested and
confident large crop estimates, we could not resist the conclusion that
fully 60
per cent, of the present commercial crop had reached the ports by the 31st ult.
Finding that this would only make a total of 3,470,000 bales, (a figure astonish¬
ingly less than current opinion, especially with our Eastern friends,) we dis¬
patched to the ports and some dozen interior markets requesting an average
estimate from ten of the most reliable and best posted merchants as to the
pro*
portion of their crop received to December 31?t.
Dallas, Texas, Shreveport, New Orleans, Vicksburg, failed to respond, but
from the other points we received the following replies: Galveston 61
per cent..
Mobile 60 per cent., Savannah 62 per cent,, Charleston 63 per cent.,
Augusta 73
percent., Macon 75 per cent., Columbus78 per cent., Montgomery 75 per cent.,
belma 75 per cent.. Jefferson, Texas, 66 per cent.,
Memphis 62 per cent., St.
Louis 47 per cent. These reports not only confirm our estimate, but show the
astonishing result of 66 instead of 60 per cent., a result that will, no doubt, be
a surprise to those who have
kindly responded to our request for information,
for had we asked estimates from each, as to their
opinion of the movement of
the entire crop, we are sure no such figures would have been
attained, for being
impressed with the large estimates so confidently and persistenly put forth in
certain quarters, they would have considered their
locality an exception to
what we now see has been the rule in respect to early and
rapid marketing, but
by taking their views separately, and only of their own markets, and averaging
them, we get a result certainly as reliable as any that can be obtained other¬
wise. A notable feature of the interior markets, (from which the
ports must
get the balance of their receipts) is that they report a much larger per
centage
thau the ports, and eveu allowing for the smaller estimates of some of the
larger interior points, and generally larger stocks at all than last year, the esti¬
mate will exceed 50 per cent.; can even allow that New Orleans has
only
received 50 per cent.y without bringing it below 60 per cent, of commercial
crop.
ions
tally
licli,
our
►eitig
ts
in
2ston
o
the
it, and
>ts are
wrings
gcome
one
is
lu making this report we are not actuated by
any desire to raise an issne
with those possessed of different views, but merely to give the result of what
we conceive to be a reasonable interpretation
of the influences that have con¬
trolled the movement of the crop to this time
In conclusion, we desire to add that we believe the information furnished
under the auspices of the National Cotton Exchange,
up to October 20th, was
as correct as
any that can ever be obtained in regard to a growing crop, which
may be largely increased or decreased by subsequent weather; and as our
estimate falls so far below'that of some who are entitled to consideration
upon the score of disinterestedness as well as facilities for investigating the
subject, we think it appropriate to mention' that our views are fully sustained
by the course of the bagging market during the season. Late in the Summer,
those who were well posted as to stocks and production, werejpositive
that
with a four million bale crop of cotton bagging would rule
materially higher,
s con-
t soon
water
ction.
e, ex-
most
Visible Supply
graph.—Below
of
Cotton
as
ment has been
unusually free.
Respectfully,
820,000
12.500
17,250
23,500
63,750
22,000
11,750
13,000
34,000
21,000
40,000
288,500
..
..
206,000
16.000
Stock at Barcelona.
1873.
446,000
220,000
5,000
Stock at Marseilles.
1874.
887,750
106,250
7,750
43,750
271,500
478,000
26,000
53,500
Stock at Rotterdam.
17,750
Stock at Antwerp.
Stock at other continental ports...
Geo. J. Goodkich,
T. B. Sample,
Committee on Information and Statistics.
Last Week’s Receipts.—Our
telegrams gave our receipts last
*eek one day short, as Friday (New Year's
Day) was a close holi¬
86,500
9,000
666,000
209,000
13,000
16,750
36,000
27,000
34,000
72.000
European stocks.
1,144,000
1,176,250
...
....
!....
....
....
1,091,500
123.000
Total
in
136.000
81,000
449.000
475.000
397,000,
97,000
497,825
83,116
28,000
58,000"
70,000
817.533
720.00U
151,351
12,000
131,853
27,003
2,792,134
2,651,353
and other
r
2,327,941
descriptions are as follows;
American—
370,000
174,000
95,000
12.000
80,000
475,000
720,000
131,853
27,000
des.
bales. 1,894,834
1,607,853
...
Continental stocks.
....
John F. Wheless,
Telb~
614.000
cannot
receipts during the coming month.
P. 8.—Reply by mail just received from
Shreveport places their receipts at
50 per
cent., and states that owing to increased railroad facilities the move¬
and
118,750
....
undertake to say that the conclusions reached are
absolutely correct, but they are certainly supported at the Dresent time by
8uch a combination of indications as
must, we think, prove irresistible to
Cable
1875.
but were brought to a suaden
by the light and irregular demand, which has not been sufficient at any
we
up by
769,000
Stock at
time to check the decline.
Of course
Made
give our table of visible supply, as made up
by cable and telegraph to-night. The continental stocks are the
figures of last Saturday, but the totals for Great Britain and the
afloat for the Continent are this week’s returns, and consequently
brought down to Thursday evening; hence to make the totals the
complete figures for to night (Jan. 8). we add the item of exporte
from the United States, including in it the exports of Friday
only.
we
jjnd under this belief prices did advance sharply,
halt
every unprejudiced mind, unless entirely dispelled by the continued heavy
ti are
ninety days.
United States stock
United States interior stooks,
817,533
...
...
Total American
449,000
151,351
91,000
101,000
397,000
497,825
88,116
28,000
1,197,941
East Indian, Brazil, dbc.—
Liverpool stock
Total bales.
1873.
1874.
1875.
York—To Liverpool, per steamers Italy, 1,158....Baltic, 896....
Cuba, 187
Wisconsin, 294
City of Montreal, 651
per ships
New
399,000
440,000
355,000
London stock
118,750
206,000
220,000
Continental stocks
India afloat for Europe
193,500
128,000
58,000
191,500
70,000
377,000
81,000
97,000
897,250
1,894,834
1,043,500
1,607,853
1,130,000
1,197,941
2,651,353
8#d.
10#@10#d.
Egypt, Brazil, Ac., afloat
Total East India, Ac
Total American
Total visible
Price Middling
136,000
..bales. 2,792,134
supply
1
7%d.
indicate an increase in the cotton
Uplands, Liverpool
These figures
3,270
vance,
2,075
1,078
1,733
2,463
637
913
635
920
Augusta
Columbus
Macon*
Montgomery
golma.
1,893
929
1,564 Upland
10,951
2,270
25.601
16.617
2,741
31,9ii5
Boston—To Liverpool, per
131,853
5,788
5,617
1,800
31,970
770
1,879
11,159
4,707
14,791
13,089
13,505
12,370
Total, all
24,977
30,603
Theparticalarsof those
-
pool. Cork.
New York
New Orleans
.
Mobile
Charleston
Savannah
163,855
.
than the running
to-night at Macon shows 964 bales less
1,587 bales, and are to-night 19,498 bales more
period last year. The receipts have been 10,890
than the same week last year. -
1,840
Below
we
2,314
.
3,650
•
#
600
„
*
....
950
.
220
403
80
4,470
1,810 17,244
give all news received to
‘
.
.
27,5)8
640
9.144
.
.
1,263
.
•
....
,
-•
,
,
...
....
13,233
14,362
950
,
1,671
.
403
....
...
....
....
....
....
^
....
•
....
...
•
•
•
•
1,102
....
.43,892
during the week
•
6,213
•
....
3,133
....
1,451
..
stocks have decreased
show that the old interior
The above totals
6)0
64C
2,102
.14,362
..
Boston..
men.
8,077
4,390
.
Wilmington.
Havre.-
5,038
.15,196
.
nam- Barceburg. Iona. Genoa. Total.
5.718
80
Bre-
Liver-
..
* Count of stock
count.
shipments,arranged in our usual form
follows:
are as
32,002
53,736
49,9S1
208,004
6,541
21,771
24,380
steamer Samaria, 403..
73,629
6.673
1,000
4,503
56.653
14,362
950
1,4M
220
803
Total
1.853
13,117
6,213
3,650
1,268
upland
Upland
Crimea. 1,538
Lothair, 2.335
Liverpool, per brig Marla Lamb 950
Baltimore—To Liverpool, per ship Ben Sewall, 1,451
To Bremen, per steamer Leipzig, 220
8,039
10,266
Upland....Albert Neumann, Berlin,
2,274
2,179
4,512
Total, new,.-..
4.390
1,840
2,314
600
2,102
Wilmington.- To
5,322
Cincinnati
■
4,637.. . San Marcos,
1,765—Matilda, 750; Athlete,
2,733
Atlanta
St. Louis
barks Candeur, 1,364
per
1,689
1.553
653
Shreveport
1.102
640
.
To Bremen, per ship Goschen, 3,650
To Genoa, per bark Preden, 1,268
Texas—To Liverpool, per steamer Chancellor,
1,063
per barks Cremona,
17,486
14,711
Total, old
15,196
.Leif Erickson, 1,869 —
3.077
bark Aranco, 1,097.... 3,133
..
in sight to¬
68,219
16,283
151,351
9,134
644
8,171
952
Memphis
Nashville
Princeton, 4,100
1,599
Charleston--To Liverpool, per ship .lames Duncan, 2,222 Upland and
9i sea Island....per barks Alfred, 1.275 Upland and 51 Sea Island
.Concepcion, 636 Upland and 103 Sea Island
To Cork for orders, per bark Scotland, 1,840 Upland
To Havre, per bark J. B. Duffus, 2,212 Upland and 102 Sea Island...
To Barcelona, per brig Eva, 600 Upland
Savannah—To Liverpool, per bark James Peake, 2,102 Upland
To Havre, per ship Mayflower, 3 059 Upland and 226 Sea Island....
2,327,941
Receipts. Shipments. Stock.
22,741
5,401
5,798
15,674
1,9.7
818
13,302
1,729
2,019
6,745
929
1.746
6,418
2,094
2,516
60,432
24,079
13,516
13,764
7,922
7,568
600
80
80
G. C. Trufant, 4,680... .Record,
per barks Orvar Odd, 1,547—Ad¬
To Havre, per barks Kate Cann, 3,011...
Galatbea, 1,441... .Lucy, 1.756
To Barcelona, per ship Valadora, 2,036... .per
To Genoa, per schooner Henry C. Winship, 1,102
Mobile- -To Havre, per brig Barletta, 640
r-Week ending Jan. 9, ’74—*
ending Jan. 8, ’75Receipts. Shipments. Stock.
5,038
Royal A'ice, 892.... Artist, 960
To Bremen, per steamer Neckar. 600.
To Hamburgjjer steimer Westphalia,
New Orleans—To Liverpool, per snips
night, of 140,781 bales as compared with the same date of 1874,
and
increase of 4e4,193 bales as compared with the correspond¬
ing date of 1873.
Movements op Cotton at the Interior Ports.—Below we
give the movements of cotton at the interior ports—receipts and
shipments for the week, and stock to-night,1} and for the corres¬
ponding week of 1874:
r-Week
[January 9, 1875.
GftJtONIOLE.
THE
46
2,370
3,733
73,629
date of disasters, &c., to
from United States ports :
bales less
Louisiana (str.), sunk in Chesapeake Bay, has had her stern raised nine feet,
The exports of cotton this week from New York show an
chains passed under her and attached to buoys.
increase, as compared with last week, the total reaching 5,718 San Marcos (str, new, 2250 tons'. Burrows, from Galveston Dec. 22, of and
for Liverpool, to touch at Norfolk, with 1,063 bales of cotton, ran ashore
bales, against 3,812 bales last week. Below wo give our usual
False Cape, 25 miles south of Cape Henry, at high water, January 1.
table showing the exports of cotton from New York, and their
She remained ashore on the 4th, with her rudder, stern post and pro¬
direction for each of the last four weeks; also the total ex¬
peller gone. Cargo all in good condition, 90 bales cotton and 500 boxes
beef having been got ashore, as well as 100 bales jettisoned. Vessel
ports and direction since Sept. 1,1874; and in the last column
making but little water. She is under perfect control of the wrecking
the total for the same period of the previous year.
party, and nothing but a heavy gale would seriously affect her safety.
The arrival of three steamers from Norfolk at the scene of the disaster
Exports ot Cotton (bales) from New York since Sept.l* 1874
has been prevented by heavy weather, but Captain Crelin, underwriters’
agent, states that their assistance would be valueless until the weather
Same
WEEK ENDING
moderates. The wind during the night of the 3d was brisk from South¬
Total
period
east to Northeast, preventing the arrival of steamers.
Vessel laying
EXPORTED TO
Jan.
Dec.
Dec.
Dec.
easy, heading due West.
No communication, except by signals, was
date.
year.
6.
had between the steamer and shore during the 4th.
30.
16.
23.
South Carolina (str.), from Charleston for New York, before reported
ashore at Barnegat, has been got afloat after discharging cargo. Of
159,715 211,782
2.976
10.036
5,038
9,045
Liverpool
her cargo some 240 bales cotton were thrown overboard, part of which
Other British Ports
was picked up, and some 1,300 bales have been discharged and shipped
than at the same
vessels carrying cotton
on
lO
as
....
9,045
Britain
Total to Gt.
10,036
2,973
Other French ports
149
Hamburg
Other ports
500
447
1,203
Total to N. Europe.
1,553
150
9,910
293
21,157
14,379
All others
....
•
Total Spain, Ac
•
•
•
•
....
10,983
3.812
1*983
•
10
1,983
187,082
5.713
loss of anchors.
BALTIMORE.
freights the past week have been as follows :
This
week.
j
Since
Sept. 1.
This
week.
This
Since
i
Since
week. Sept.l.
Sept.l.
'
2,225
390
Texas
Savannah
Mobile
Florida
3,473
B’th Carolina
3,256
*371
1,137
4.876
Virginia.
63,545
24,001'
78,156
1,270
372
9.995
5,635
61,396
282
879
22,017
457,611
Foreign.
r
•
♦
#
•
.
•
481
382
19,7071
481
1
3,352 14,537
3,479
«...
1,191 36,513;
3,467 | 39.914
1,300 15,765
190
500
2,501
5,953
11,072
41,251
*184
2*740
■
1,129
62
....
10,243
8,511
....
15,421
1,567 30,580*
9
Wednesday9-S2@5-16
Thursday. ,9-32@5-16
#@9-32
Friday
d.
MX
MX
•
•
■
MX
•
MX
.
31.206
450,183
13,080
!104,098'
were
3,375 71,259
17,3591
3 139
57.613"
News.—The exports of cotton from the United States
latest mail returns, have readied 73,629
bales. So far as the Southern ports are concerned, these are the
sameexnorts reported by telegraph,and published in The Chron¬
icle last Friday, except Galveston, and the figures for that port
are the exports for two weeks back.
With regard to New York,
we include the manifests of all vessels cleared up to Wednesday
night of this week.
the past
week,
as per
c.
c.
% corap. ..©)«
%comp. .MX
%eomp. .MX
*6 comp.
MX
%comp. T.MX
y*
%
y,
%
■
S'
15,000 bales, of which 3,(K>0 bales were for export
Of to-day’s sales 8,000 bales were American.
weekly movement is given as follows :
Dec. 18.
!.
Sales of the week
bales. 66,000
7,000
of which exporters took
of which speculators took
3,00)
3,00 J
Actual
Total stock, est
531,000
Actual
of which American, est
150,000
Total import of the week
72,000
of which American
45,000
.
Shipping
..@1
Sail.
Steam.
c.
8.—3.30 P. M.—By Cable from LiverLiverpool, Jan.
POOL.—The market has ruled quiet to-day.
Sales of the day
•
ll )
..©1
..©1
..©1
..©1
X
X
X
X
X
X
X
X
X
X
.MX
c.
c.
c.
—Hamburg.^
speculation.
....
9,791 133,676 i
Sail.
Steam,
d.
Monday.... P-32@5-16
Tuesday... 9-32©5-16
2,338
831
786
•
3.773
78,916
23,873
106,304
56
5,851
«
This Since
week. Sept.1,
Bremen.—
Steam. Sail.
-Havre.
Steam. Sail.
•Liverpool.
bboe’ts prom-
from
charged and landed at Key West, and the vessel got off, leaking, and
taken into Key West Dec. 31.
Sibal.—Of the cargo of the brig Sibal (Nor.) from Wilmington, N. C\,
wrecked half a mile east of Point Lynns, Dec. 9, 21 bales of cotton had
been taken into Amlwcn.
A number of bales of cotton were seen to
drift past the latter harbor.
Cotton
PHILADKLP’lA
BOSTON.
(Ger.), Lunge, which arrived at Liverpool, Dec. 23,
Charleston, during a heavy gale, Dec. 11, lost boats, stove bulwarks,
and had deckload damaged.
Mississippi, brig (It), Figaria, from New Orleans, with 1,316 bales cotton for
Havre, ran ashore on Grecian Shoal, Fla. Part of her cargo was dis¬
The following are the receipts of cotton at New York, Boston.
Philadelphia and Baltimore for the last week, and since Sept. 1/74:
NEW YORK.
Lizard, Dec.
arrived at Liverpool, January 3, with
New Orleans for Bremen, was off the
31, with loss of maintopmast.
Vooruit. bark (Dutch), from Savannah,
234,431
....
....
10,747
•
stanchions stove.
Laurita, bark (Ger.), from
Hermann, brig
10
....
•
Ala,
2,793
750
at Liverpool Dec. 12, lost upper foretop¬
in heavy weather. A large gun breakin g
from the lashings, went through the port amidships.
bark (Nor.), Asl'aksen, from Charleston, arrived at Falmouth, Dec. 25th,
par ially dismasted, having experienced heavy weather on the voyage,
and carried away fore and mamtopmast, and had bulwarks and part of
sail, and had lower yard sprung
11,293
13.497
680
783
947
6,287
....
....
....
3,200
600
80
to New York by lighters.
Canada, ship (Br.), from New York,
833
....
....
450
333
Bpain.OportoAGibraltar.fee
Grand Total
5,454
...
53
....
200
Bremen and Hanover
211,782
3,200
...
....
...
total French
159,715
5,038
53
149
Havre
....
....
....
••
....
.
.
•
•
•
•
.
.
.
.
.
Dec. 31.
Jan. 8.
50,000
52,000
118,000
•5,000
4.000
2.030
5,000
9,000
15,000
685.000
541,003
5,000
476,000
364.000
596.000
7
69*,000
275,CC0
•
.
Actual export,
Amount afloat
of which American
Dec. 24.
(5 days.)
and
The
162,000
58,000
38,000
221,000
101,000
90,000
370,000
184,000
147,000
5.000
504,000
6,000
464,000
371,000
40 .000
348,000
251,000
7,000
January 9,1875.]
The
THE CHRONICLE.
following table will show the daily closing prices of cotton for the week:
47
from
jobbers in other remote sections for the more staple lines of
goods. The local jobbers are laying in their supplies of staples,
Mid’g Uplands nnlMo„ vxmx
7tf®7*
...®7*
..®7X
do Orleans. Holiday
7 %<&%
and there is a considerable demand from this source, as there are
tmvA
...<&%
some new houses
opening, and their requirements form an openBREADSTUPPS.
ning for large amounts of goods. The feeling generally in the
trade is better than had been anticipated during last month, and
Friday, P. M„ January 8. 1874.
Tlie flour market has been dull, and prices bare had a down¬ there seems to be nothing in the way of a healthy movement dur¬
ward tendency, yet very little decline can be quoted. Good lines ing the coming season. Prices are down to a hard pan basis on
of shipping grades from spring wheat have not been plenty, but all dry goods,, and are relatively below the level of most other
low extras from winter wheat have been reduced 10@15c. in lines of merchandize. The position of the dry goods merchants
order to move them readily from the wharf. The local trade has throughout the country seems to be a safe one, financially, and
been held in partial check by transportation difficulties, growing there are no fears of any general or serious troubles on account
out of the accumulation of ice in the streets.
Rye flour shows of a scarcity of funds. The distribution through retail channels
has been fair during the fall, but not so heavy as to indicate a
some further decline, but corn meal, with a fair demand, has
ruled steady at the lower prices quoted in our last. Receipts of reduction of purchases during the coming season.
Domestic Cotton Goods.—The market has been moderately
flour at this and the Western markets continne much smaller
than last year. To day, the market was weak, with sales of com¬ active on staple lines during the week, and the opening is suf¬
mon extras from winter wheat at $5 40 for export.
ficiently bright to encourage dealers to look for a more active
trade than has been experienced for some months past. The first
The wheat market has ruled firm and fairly active till within
indications of a Spring demand have been the signal for a general
a day or two, when the demand fell off or bids were reduced.
Holders, however, have refused to make concessions, and the revision of values on all of the goods that have not been in active
result has been that businesss has been small. The bulk of late movement during the Fall. Colored cottons are the principal
transactions have been in No. 2 spring, in store, at $1 12 for Chic, articles in this list, and they have been reduced about lc. on
denims and ticks. Brown and bleached goods have undergone
ago and $1 15 for Milwaukee, with amber winter selling at $1 28
@$1 30, and some No. 1 spring at $1 22@1 244-. Receipts at the very few alterations, and the market is about steady on these
West have been quite small, and some further progress has been fabrics, with a fair call for the best known marks. Prints have
made in reducing the visible supply. To-day, the market was not moved with much freedom, as very few of the corporations
dull and weak, with sales of No. 2 Milwaukee at $1 13^®1 15£, have shown their Spring work as yet. The opening price is
likely to be Sic. for standard goods. Other cotton fabrics are
in store and afloat.
Indian corn has declined, supplies of new have been more quiet and without essential change.
Domestic Woolen Goods.—This is emphatically a " between
liberal, tlie speculation in old has subsided, and the export de
mand has latterly been checked by a decline in gold and an ad¬ season” period in the woolen goods market, and business is slack
in all quarters. The retailers are buying very sparingly, and the
vance
in ocean freights.
New Western mixed and yellow
declined yesterday to 84@86c., as to condition, and 95c. was the clothiers, at the moment, seem to be indifferent about operating
best bid for prime old mixed in store. Receipts at the West are beyond their requirements. There are a few who are in want of
liberal, and considerable quantities come from the South, a sec. light-weight fancy cassimeres, and are operating to a fair extent
tion that was a buyer one year ago. To-day, the market was in these goods. Worsted suitings have also been in request at
firmer at 85£@87c. for fair to prime new mixed and yellow, and good prices, but the demand has not, as yet, become general.
Worsted dress goods have been in moderate demand, and are
87c. for fair Southern white.
without notable change. Hosiery and underwear are wholly un¬
Rye has been quiet, but steady. Canada peas have remained
changed, and rule quiet. There is very little demand for flannels
dull and are nominally unchanged.
and blankets, and the market for these goods is irregular.
Oats have been dull and weak.
The current receipts have de¬
Foreign Goods.—The market is steady without change in the
clined fully one cent, per bushel, but prime boat loads are firmly
held. No. 2 Chicago sold early in the week at 71c., and held yes
general features. A few lines are wanted and meet fairly, active
terday at that figure, but with sales of mixed and white State in sale at steady prices but as a rule values are not established and
car lots at 67@69c. on the track.
To-day, the market was quiet very few goods are selling. The following table presents a com¬
parison of the imports during the past three years of each class Of
and unchanged.
Barley has been more active, set eral large parcels being taken foreign goods and the totals. It will be seen that there has been
for malting at $1 60 per Canada West, $1 57-J- per prime Califor¬ a steady falling off in our imports of all classes of goods, though
a trifling excess last year over
nia, $1 44@1 45 for [four-rowed State, and $1 33@1 35 for two- the manufactures of silk showed
Mon.
Satur.
Wednes.
Tues.
PH.
Thurs.
1873.
rowed State.
The
To-day, the market was dull.
following are the closing quotations :
Flour.
« bbl.
No. 2
SuperflneStateandWestern
Extra
IMPORTS OP EACH CLASS OF GOODS.
$3 60® 4 10 ! Wheat—No.3 spring,bush.$1 05® 1 09
l io® 1 16
{ No. 2 spring
4 20® 4 50
No. 1 spring
1 20® 1 24
J
J
“
Red Western
1 20® 1 25
Amber do
1 27® 1 so
White
1 26® l 88
5 25
8 00 1 Corn-W estern mixed,....
85®
98
White Western
87® 93
Yellow Western
8 00 |
86® 97
5 70 I Southern,yellow, new..
86®
88
96
I Rye
—
93®
7 50 I Oats—Black
67
C5®
I Mixed
69
67®
8 00 |
White_.
68® 70
6 75 | Barley—Western... ... 1 35® 1 45
5 25
Canada West
1 57® 1 62
State, &c.
5 00® 5 20
Spring Wheat
Western
extras
4
do XX and XXX.....-...
do winter wheat Xand
XX
90®
5
40®
City shipping extras.
trade and family
...
5
25®
5 10®
City
brands
Southern bakers’and fa-
mily orands
Southern shipp’g extras..
Rye flour, snperflne.. .
Corn me al—W
Western, &c.
Corn meal -Br’wine. Ac.
6 00®
7 00®
5 50®
4 85c®
4
_
25® 4 65
4 75® 4 85
State
1 82® 1 45
1 15® 1 40
Peas—Canada
The movement in breadstuffs at this market has been
lows:
-RECEIPTS AT NEW YORK.-
Plour, bbls.
C. meal, “
.
1, 1974.
92,974
441,493
516,360
50,470
331
14.709
3,800
33,250
79,095
114,700
Wheat, bus. 92,974
441,493
Corn, 4‘
328
Rye,
14,709
♦Barley “
Oats ...“
79,095
.
.
.
♦
In
Since
18' ?5.
<
For the
Since
week.
Jan. 1.
77,228
77,223
2,644
2,644
t
Jan.
71,634
4,362
as
fol¬
EXPORTS FROM NEW YORK.——>
,
187 '5.
Since
For the
week. Jan. 1.
29 812
29,812
4,164
4,184
378,448
204,196
....
1872.
$87,999,043
$43,374,140
22,139,754
20,358,833
25,142,586
26,231,571
I5.085.S26
16,194,131
8,676.981
378,448
204,196
•
•
•
187 4.
For the
Since
week.
Jan. 1,
,
83,559
2,370
33,559
750,629
750,529
104.526
104.526
20,179
Manufactures of wool
Manufactures of cotton
Manufactures of silk
Manufactures of flax.
Miscellaneous dry goods
Total
The
8,691,307
importations of dry goods at this port for the week ending
Jan. 7, 1875, and the
have been as follows :
4,163
2,420
2,420
corresponding weeks of 1874 and 1873
ENTERED FOR CONSUMPTION FOR THE WEEK ENDING JANUARY
1873
*
Pkgs. Value.
Manufactures of wool.... 895
$179,709
do
cotton.. 1,136
325,687
368
do
silk
237,849
806
do
flax
175,956
Miscellaneous dry goods 609
129,453
.
3,814 $1,048,654
Total
Pkgs,
519
993
764
595
381
108,239
2,605
4,712 $1,004,471
7, 1875.
-1875
1 874
*
Value.
Pkgs.
370
$216,655
952
325,781
252
238.595
533
115,201
,
Value.
$253,675
812,071
362.879
106,200
66,627
3,202 $1,101,452
WITHDRAWN FROM WAREHOUSE AND THROWN INTO THE MARKET DURING THE
SAME PERIOD.
Manufactures of wool
20,179
•
2 370
23 626.864
85,476,175
19,253,442
11.846,724
$406,520,405 $114,261,638 $133,577,445
do
do
do
.
cotton.,
.
silk
flax
.
.
408
$201,394
466
82
465
143,542
98.575
71.616
5,984
211
$106,853
138.140
218
240
83
385
1,235
27,552
1,377
54,447
$722,190
1,004,471
S.253
8.202
$889,583
1,101,453
593
428
135
540
$267,611
1,632
$521,111
2,931
Add ent’d for consampt’n 3,314
1,048,654
4,712
...
4,103
1873.
$34,278,962
1874.
Grain.
i
“Receipts at New York” Includes also malt.
4,946 $1,569,765
144.779
144,108
7,643 $1,726,661
5,454
98,880
88,778
95.580
f
t WAREHOUSING DURING SAME PERIOD
THU DRY G-OODS TRADE.
A
Friday, P. M., Jan. 8, 1875.
of trade thus far this year shows some encourage
ng features, and dealers are hopeful of a good business in the
principal lines during the spring season. The year opens with a
fair inquiry fropa tfee California trade, and there is also a demand
Manufactures of wool.... 862
cotton.. 434
do
.
do
silk
do
flax
76
418
1,055
The progress
.
Total
2,345
8,314
Total entered at the port. 5,659
$160,662
145,606
82,029
411
467
$236,735
132,899
450
445
21
270
$185,515
126,113
81
64.501
108,025
435
105,937
17,502
2,467
49,141
855
10,014
$589,813
2,041
8,202
$897,802
1,101,452
$513,824
1,048,654
8,861
4,712
$1,56*478" 8,UTS
1,004,471
15,243
60,917
$:,59i;8iBI' 5,213 $1,499,354
[January 9,1875.
THE CHRONICLE
48
Commercial Cards.
Commercial Cards.
Ever
Co.,
&
ett
60 State Street, Boston,
HEARD
Sc
Ellerton New
City
INCORPORATED BY ROYAL CHARTER, A.D. 1855
Mills,
BOSTON.
15 Chauncey St.
HEAD OFFICE
{; No. 34 OldShS*1 ^
<^le Bond Street
DPAwnti
PHILADELPHIA,
J. W. DAYTON, 230 CHESTNUT STREET.
I
BKANOn
lotto,
SUPER-CARBONATE
SODA
of
AND
NEW YORK.
No. 11 Old Slip, New
York.
Olyphant
&
BOSTON
:
24f Chestnut street
PHILADELPHIA.
Pepperell Mfg. Co.,
MERCHANTS,
Hons Rons, Shanghai, Foochow Se
Canton, China.
Rkpresented by
Androscoggin Mills,
Laconia Co.,
Continental Mills,
Franklin Co.,
Otis Company,
Mfg. Co.,
Warren Cotton
Otis
Company Hosiery,
Troy Manufacturing Co.,
ORIENTAL
PRINT
WORKS.
USE,
&
ORDER.
MANAGER—Alfred George Kennedy.
SECRETARY-C. J. Worth.
o
Commercial City.
Travelers’ Credits
u
encashed when issued by Clients, and every description
of general Banking Business transacted. The Officers
and Clerks of the Bank are pledged not to disclose the
transactions of any of its customers.
Dickinson &
1NG, BAGGING, RAVENS DUCK, SAIL TWINES
AC. “ ONTARIO” SEAMLESS BAGS,
25
A full
No. 109
Chauncey,
Duane
Street.
Government
Wm Pickhardt&Kuttroft
IMPORTERS
AND
COMMISSION
AGENTS FOR
CO.,
PREVOST
Sc
CO.,
No. 23 Cedar
Branch Offices In
CATER, SONS Sc CO.,
LONDON, ENGLAND,
R, T. Wilson &
BANKERS
Ac, Ac,, &c.
LIMA AND IQUIQUE, PERU
Messrs. JNO. W.
MERCHANTS
r
General Partners
BAD1BCHE AN1LIN A SODA FABRIK
Oovernment
Bought and Sold
CO.,
H.
Special attention to everything connected with th
purchase and shipment of
PURE
STEEL
Soda.
MANUFACTURERS’
JOSEPH
COMPANY.
&
LARD
PACKED
PROVISION DEALERS AND MANUFACTURER
OF LARD OIL AND STEARINE.
ESTABLISHED 1841.
NEW YORK.
Smith, Baker & Co.,
COMMISSION
Yokoham
and
MERCHANTS
Hlogo, Japan.
Sc
06#
W
.
CORLIES,
Pine Street, New York,
on
balat vt
66 BROADWAY & 19 NEW STREET
WAREHOUSE,
New York.
SONS
H. J. Morse,
A. B. Lounsbeby.Member N. Y. Stock Exch. Late Cash. Devoe Mfg Co
New York.
HENRY HOE, Sole Agbnt
CHARLES
47 EXCHANGE
OTIS,
PLACE,
Corlies, Macy & Co., City Railroad
and Gas
LITHOGRAPHERS,
Manufacture Check Books, Letter and Note Head¬
Stocks,
Specialty lor 19 Years.
See
quotations of “ Local Securities” in this paper
ings, Bill Heads, Notes and Drafts, &c., and keep
constantly in stock Lithographed Check Books
all the
City Banks.
on
JALDFN GAYLORD, Miscellaneous Se-
curlt es, No. 31 Wall st., New York. (P.O.Box
1,272). Special attention given to St. Louis City and
•
County Bonds; Missouri County, City. Town and
REPRESENTED BY
E.
Commission, and
RANKERS,—
CLIMATES.
ALL
on
J. Morse & Co.,
PENS.
GILLOT1
91 John street,
FOR
Bonds
LOANS NEGOTIATED.
Consignments of approved mer
shandlse to the above houses.
Messrs. Prevost A Co., Iqniquo, are prepared to giv
JEWELL,HARRISON
consignment of
also to our Jrienn
Accounts received and Interest allowed
which may be checked for at sight.
Advances made on
of
STREET.
Securities, Gold, Stocks
and
LIVERPOOL, ENGLAND
Nitrate
BROAD
Co.,
MERCHANT
In Liverpool and London.
Special Partner
Messrs. JNO. W. CATER Sc
COMMISSION
Liberal cash advances made on
Cotton and Tobacco to our address;
Philadelphia and Boston.
WM. PICKHARDT,
ADOLF KUTTROFF,
AND
44
Street, New York.
Balances,
B. Dickinson.
Platt K. Dickinson.
Member N. Y. Stock A,Gold Exch’ge
Howard C. Dickinson,
Member N. Y. Stock Exchange
CHEMICALS, COLORS, DYESTUFFS,
VALPARAISO, CHILL
Messrs.
Bonds
which may be checked for at sight.
IN
Sc
Securities, Gold, Stocks and
bought and sold strictly on Commission.
-
KENDALL
YORK.
Accounts received and Interest allowed on
MERCHANTS,
Street, New York,
Cor. Exchange Place,
Company.
supply all Widths and Colors always In stock.
Circular
Messrs.
Broad St.,
NEW
States Bunting
Co.,
BANKERS,
“AWNING STRIPES.”
United
REET. NEW YORK.
48 South
and Exchange honored against
or simultaneous Remittances. *
previous
Also, Agents
CORY
COMMISSION
-
jonn Jones, Esq., Chairman
Henry Vlgurs East, Esq., Joaquin De Mancha, Esq.,
William Simpson, Esq.,
Andrew Lawrie, Esq.,
Jonathan Thorp, Esq.,
Robert Lloyd.4Ssq.,
Wm.McArthur. EsqyM.P., James E. Vanner, Esq.,
Wm. McNaughtan, Esq.,
George Young, Esq.
COTTON CANVAS, FELTING DUCK, CAR COVER.
AT WHOLESALE.
Fabbri &
600,000
170,000
-
-
DIRECTORS:
And all kinds of
ALSO,
vtr Send for
-
'
AND VENTILATORS
210 WATE
-
Credits ODened against First-class Securities negotiable
Mercantile and Marginal Credits are
in* London.
issued, as also Letters of Credit upon any leading
COTTONS AIL DUCK
Gas-Tight Furnaces,
UZAf,
Reserved Fund
approved
Co.,
Manufacturers and Dealers
NEW YORK.
Excelsior
REGISTERS
Paid-up Capital
ber in each year.
Demand Cheques
Brinckerhoff, Turner
CORDAGE,
STREET
£1,200,000
-
Accounts opened with approved American and other
Foreign Firms or Banks, at such moderate rates of
Commission as shall be considered consistent with
sound mutual advantage.
The Interest upon such
accounts is calculated at current rates on daily bal¬
ances, and is made up ou the 30th June and 31st Decem¬
Lowell Hosiery Co.,
MANILA, SISAL, JUTE Sc TARRED
192 FRONT
-
-
Terrace,Knigths*
(60,000 Shares of £20 each).
Boston Duck Co.
Rockport S. Mills,
Henry Lawrence & Sons,
manufacturers of
Mfg. Co.,
Cordis Mills,
Mills, Thorndike Co.,
Mfg. Co.,
Palmer Mills,
Columbian
Renfrew
China,
Wall St., New York,
OLYPHANT Sc Co., of
GANGS OF RIGGING MADE TO
Subscribed Capital
Rates Mfg. Co.,
Putnam
Co.,
FOR EXPORT AND DOMESTIC
jios.6&7Lowndes
AGENTS FOR
The joDomg Trade ONLY Supplied
104
[■
100 Summer street
*ALERATUS,
COMMISSION
71 & 73 Thomas street,)
and
117 & 119 Duane street,)
Nos. 159 & 160 Tottenham Court Road,
219 & 221 Edgeware Road.
(. brldgeshire.
John Dwight & Co., Wright, Bliss & Fabyan,
MANUFACTURERS OF
Bank,
LONDON, ENGLAND.
Saratoga Victory Mfg Co.
NEW YORK.
48 A 45 Whitb Stbkrt.
approved mer
The
AGENTS
CO,,
OF CHINA AND JAPAN.
Advances made on consignments of
chandlze.
E.R.Mudge,Sawyer&Co
FOB/
Washington Mills,
Burlington Woolen Co.,
Chicopee Mfg Co.,
AGENTS FOh
AUGUSTINE
Financial.
School Bonds.
3 9
194SSAU
STREET,
NEW YOKE.
Also, to the Bonds and Stocks of the
following Railroads: Atlantic A Pacific. Missouri
Pacific, South Pacific, Kansas Pacific, Denver Pacific,
North Mlssjurl, St. Louis Kansas City A Northern.
Refers, by permission, to Messrs. W. S, Nichols A Co..
New York, *
@FedFRASER