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MAGAZINE,
MERCHANTS’
HUNT'S
ft
U*w$ij)ape*#
OF THE UNITED STATES.
[Entered, according to act of Congress, in tlie year 1880, by Wm. B. Dana & Co., in the office of the Librarian of Congress, Washington, D. C.l
REPRESENTING
THE
INDUSTRIAL AND COMMERCIAL INTERESTS
gant demand for a division of freight on the Eastern asso¬
ciation, which is to come up for decision July 20th, while
CONTENTS.
THE
Value of Railroad
Property...
Will the Eastern Question Re¬
sult in War?..
Land Grants to Railroads
Cotton Consumption in Europe
Railroad Earnincs in June,
and for the First Six Months
of 1880
THE
CHRONICLE.
29 United States Treasury State¬
ment
Latest Monetary and
cial English News
30
31
Banks, etc
Commercial Epitome
Cotton
Rreadstults
35
36
News.
33
I
I
GAZETTE.
Quotations of Stocks and Bonds
New York Local
Securities
....
41
42
Investments, and State, City
38
Finances...
43
Dry Goods
Imports, Exports and Receipts
53
and Corporation
COMMERCIAL
THE
34
Commer¬
Commercial and Miscellaneous
32
BANKERS
Money Market, U. 8. Securi¬
ties, Railway Stocks, Foreign
Exchange, Now York City
47
47
TIMES.
52
51
and
day morning, with the latest news up to midnight of Friday.
[Entered at the Post Office at New York, N. Y., as second-class
matter.]
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Special Notices in Banking and Financial
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)
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79 & 81 William Street, NEW YORK.
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Bp3 A neat file cover is furnished at 50 cents; postage on the same is
Volumes bound for subscribers at $1 20.
I^3 For a complete set of the Commercial and Financial Chroni¬
cle—July, 1865, to date—or Hunt’s Merchants’ Magazine, 1839 to
1871, inquire at the office.
18cents.
VALUE OF RAILROAD PROPERTY.
The month of
July always brings with it
tainties and is therefore
an
excellent
season
many uncer¬
for the propaga¬
tion of every description of rumor.
It
which makes crops—cotton has then
is called the month
reached its second
critical stage, while wheat, in a large section, is ripening
and being harvested, and corn being matured.
Thus to a
great extent in that month, not only the purchasing power
of the farmer and the planter, but the year’s railroad
earnings are determined and fixed. One therefore can
easily imagine the satisfaction felt by a coterie of Wall
street bears over a very heavy July storm, or the necessity
they would feel for magnifying a little one if the great one
fails to favor them.
We may set it down as a fact that
crops seldom get through July without being destroyed
many times.
This year, besides the crops, we have as an element for
disturbing the values of railroad properties, rumors of
pooling contracts about to be broken and a renewal of
railroad wars.
Moreover, there is enough of truth in
these rumors to make them interesting.
On the one
hand the Grand Trunk of Canada has made
other
no more
hand
the
evils,
a
to be earned.
Here is
pack of
pandora box full enough to satisfy the mo6t
dividends
We have
Financial Chronicle is issued every Satur¬
mail
the
Chicago & Rock Island has
put in its claim on the Southwestern association for an
increased percentage and this is to be decided July 12th.
Of course, according to the gossip of the day these
demands are not to be yielded to, and if they are not in
full there is to be a general breaking up of freight arrange¬
ments, last spring’s and summer’s rates are to return, and
on
are
a
inveterate croaker.
.Cfuwuicle*
e
The Commercial
NO. 785.
SATURDAY, JULY 10, 1880.
VOL. 31.
an
extrava¬
these
no
inside information with which to
answer
may even be true
Rock Island and the Grand Trunk roads are set
that the
on doing
all the harm they can.
It is the worse feature of these
pooling arrangements that any party to them, with either
good or bad motives, can easily work a considerable dis¬
turbance; and when there is a large short interest in the mar.
ket, by inducing one road to force a war, values under some
illogical assertions.
circumstances could be
so
It
unsettled
as
to shake out many
holders
carrying stocks on small margins. Of course no
has any reason for supposing such a motive to be at
the bottom of the present threatened war; but if not, it is
one
wholly unreasonable to think the combinations will he
broken up.
In the first place, when there is business
enough for all the roads, as at present, the chances are
against cutting rates; and then again, in these cases,
arbitration is
offered, and no more than that could be
gained at the end. It is against reason, therefore, if the
motive is a good one, to suppose that the Grand Trunk is
bent on leveling its little gun against a combination of
all the Eastern trunk lines in
case
it is denied
a
lion’s
share of the
Chicago business, or that the Rock Island is
going to celebrate the occasion of paying dividends on its
enlarged stock by diminishing the chance of paying them
again.
But suppose we were to grant that these threats will
be carried out—even then
the other evils mentioned do
logically to follow. Times have changed. In
fact, before the railroad wars a year ago were closed, the
public recognized this in the prices paid for securities; and
not
seem
now even
the most careless observer knows that the old
condition of 1878, or any approach to it, cannot be brought
back by the foolishness of any single management.
The
business then
which
in
great measure confined to the traffic
passed through certain points; now, though that has
was
increased, every kind of traffic has increased also. We
give on another, page our usual monthly tables of
earnings to-day; those who have been promising
themselves the gratification of largely-decreased earn-
30
rHE
CHRONICLE.
mgs first in May, then in June,
fer their prophecies into July.
will now have to trans¬
The truth is, as we have
so often stated, the activities of
the country are once
more aroused and its industries are in motion, and
any one
who tries to bring railroad property in 1880 down to the
measure of 1878,
through railroad wars or in any other
way, wholly misconceives the situation. Three weeks since
we gave a table
of net earnings, for net earnings illus¬
trate more forcibly than the gross earnings this
change in
business activity which has taken place.
Unfortunately
expenses are not reported except by a few companies, and
some of the leading ones which do
report them, have not
yet come in for May. But the illustration will probably
be as effective by taking two prominent roads, one Eastern and one Western line,
and comparing the monthly
statements this year and last year.
NET EARNINGS.
1880.
Ja nun ry.
j Febru a ry.
>
March.
April.
May.
$
$
$
$
*
Pennsylvania
1,366,298 1,232,182 1,511,248 1,495,582 1,476.852
C'liic. Bur. & Quincy.
630,816
781,780
525,786
549,928
827,855
„
Total
1,997,114 1,757,968 2,293,028 2,045,510 2,304,707
1879.
January. February.
$
$
1,019,531 1,172,986
Pennsylvania
'Chic. Bur. & Quincy.
515,985
424,005
March.
April.
May.
$
$
$
987,223 1,031.028 1,034,092
478,710 400,748
512,383
Total
1,535,516 1,596,991 1,465,933 1,431,776 1,546,475
Increase in 1880...
827.095
461,598
160,977
613,734
758,232
Inorease per cent...
3000
10-00
56-42
49 00
42-86
In the
light of such figures as these and of our table of
gross earnings on another page, there seems to be little
basis for depreciating railroad property where it is honestly
managed. Thirty-seven per cent increase in gross earnings
for June and an average since March 1 of 49-42 per cent
increase in net earnings is certainly an
astonishingly favor¬
’
War has
["Vol. XXXI.
actually commenced to mobilize the Second Army
Corps.
While such is the attitude of the Porte we are not
per¬
mitted to think that the recommendation of the Powers
will be allowed to remain
a
dead letter.
Greece is pre¬
pared to enter and
occupy the territory awarded to her,
and it is well known that
Montenegro suspended action in
the assertion of her claim in obedience to the Powers and
pending the decision of the Conference. What adds to
the gravity of the situation is the
peculiarly unsettled con¬
dition of Eastern Roumelia.
There at the present moment
and evidence is abundant that,
thing is chaotic,
Bulgarian* propagandism under the influence and at
the instigation of Russia is rife in that
province, the Porte
is hardly able to preserve even the semblance of order or
good government. We are no longer permitted to doubt
that in order to pacify the
Bulgarians, there must be
another boundary line drawn more to the south and
east,
and a large slice of what is called Eastern Roumelia added
to the Bulgarian
Principality.
This Bulgarian difficulty, as we have said,
greatly com*
plicates the general situation, and tends much to paralyze
the hand of the Sultan. It shows quite as
effectively as the
present unsettled condition of affairs in Albania, the
inefficiency of the Berlin treaty. With the single exception
of that portion of it which it was left to Austria to
carry out,
the treaty has proved to be a signal
failure. Of course it
is not necessary that this remark should be held as
appli¬
cable to Servia and Roumania, which
by this treaty
were merely left out of
Turkey, and made absolutely inde¬
pendent. It applies strictly to all the provisions touching
every
while
delimitation
and
reconstruction.
So
far, with the excep¬
named, they have all failed.
able exhibit, and there is no wonder under such circum¬
This brings us to the root of the whole
difficulty. The
stances that the rumors we have been discussing have had
arrangement regarding Bosnia and Herzegovina was made
no
greater effect.
effectual
tion above
because its execution
WILL THE EASTERN
QUESTION RESULT IN
WAR?
Now that the
Supplementary Conference has so far at
completed its work, and that an identical note to the
Porte has been sent by the different Powers represented
least
in the
Conference, it remains to be
much
we are nearer a
seen
whether and how
settlement of the
questions at issue. that the decision arrived at in regard to the
new
boundary lines of Greece and Montenegro is substan¬
tially at one with the Berlin recommendation of two years
If carried out, Greece will have a slice of territory
ago.
off Epirus or southern Albania, which will include Janina, and
It appears
strike the coast of the A driatic
on a
line with the north of
Corfu; and Montenegro will have a slice of northern Albania
which will include Dulcigno, with an available water-front
for purposes of commerce.
Such is this recommendation
of to-day. Such, in all its main features, was the recommen¬
dation of the Berlin Conference two years ago.
The ques¬
tion is whether this later recommendation will have
any
better results than the former, or whether the Powers are
•prepared to
use
force to give effect to their repeatedly de¬
clared wishes.
As yet we have no evidence that the Porte is
make the recommended concessions, or that the
willing to
Albanians,
prepared to submit
unresistingly to a limitation of their territory. On the con¬
trary all the latest new3 from Constantinople and from
even
if the Porte should consent, are
Albania is of the most warlike character.
come
to the conclusion that
Mr. Goschen has
nothing but the employment
of armed force
by the united Powers will be of any avail
against the passive resistance of Turkey. Nay, it would
seem
as
if the Sultan and his advisers had resolved
even a more
decided
course
of
on
hand of Austria.
was
intrusted to the strong
The other
arrangements, such as those
affecting the boundaries of Greece and Montenegro, and
the
separation of Bulgaria and Eastern Roumelia, failed
because left to the action of the Porte, and because the
Porte was quite as unable as she was unwilling to perform
the duty assigned her.
Had a strong army under the
control of some foreign power been stationed in Albania
the Greek and Montenegrin questions would long since
have been settled; and the presumption is that the Porte,
relieved of duty in that direction, would have been strong
enough and would have found it convenient to establish
her authority south of the Balkans.
If this be a correct representation of the case, the lesson
is obvious; what was needed to give effect to the Berlin
treaty is needed to give effect to the recommendation, or
decision, or whatever it may be, of this Supplementary Con¬
ference.
Force must be applied. In her present mood,
it is quite clear that that force is not to be had from the
Porte,
ft is doubtful, indeed, as we have hinted already,
whether she could command the power, even if she were
willing. The requisite force must be found from without;
and it is just here where another difficulty of no mean or
inferior kind presents itself.
If it shall be found that the
presence of a foreign army will be necessary to compose
differences and to maintain order in Albania, the, question
is, which foreign army ? Austria is willing to undertake
the task; but the • further advance of Austrian arms in
the peninsula is looked upon with jealousy by England, by
Italy, and by Russia. Any further advance made by
Austria to the south, and Russia will be found active
again on the Danube. We shall not pretend to solve this
difficulty. Much depends on the course whichJTurkey her¬
conduct, for the Minister of self
may pursue.
Tf she takes advice in time, she may
July
THE CHRONJCLE,
Cl 1880.]
3.1
yet command the sympathy rather than the cupidity of the Northern Pacific even now, after its reorganization, strug¬
the Powers, and so at least prolong her lease of life.
If gling to keep its head above water ? What is the present
she proves stubborn and recalcitrant, she but hastens the condition of the Missouri Kansas & Texas, of the St. Louis
inevitable and precipitates her own destruction.
There is & San Francisco, of the Grand Rapids & Indiana, of the
still the possibility that wise counsels will prevail, and that Chicago St. Paul & Minneapolis ? Are they
returning
through the firm but judicious pressure of the Powers, war large percentages to their stockholders ? Are they not,
will be averted.
rather, satisfied just now to be able to meet their current,
obligations ? Let him who believes that land-grant rail¬
LAND GRANTS TO RAILROADS.
roads as a rule are rich, study the answers to these
ques¬
A pamphlet of much present interest has recently been
tions, and he will speedily be forced to alter his opinion.
issued under the auspices of the Association of Land Com¬
But it will be said that the promoters of
many of these
missioners of the Land-Grant Railways, prepared by Mr. roads have made
large sums out of them, and hence the
E. H. Tal-bott.
During late years it has been the stock in opposition is just. We do not see how that point has any
trade of political platforms to avow hostility to any fur¬
place in a discussion as to the wisdom of such grants.
ther grant of public lands to railroads.
“ No more squan¬ The leading of the subsidized roads, that is those to which
dering of the public lands,” “No future encouragement were voted the largest amounts of money and large'
to land monopolies,” “Our lands for our settlers,” are
quantities of land, were called into being by a need
expressions that one hears all the time, and which do not which was then felt to be pressing indeed—namely, the
fail of their intended effect upon the unthinkingjclass.
necessity of having a closer connection between our Pacifier
The present attitude of the public on this question is all coast
territory and the sections of the East. The roads
the more striking that it is in sharp contrast with our were considered essential to the welfare of the
nation, and
policy not longer than fifteen or twenty years ago. Then we were prepared to give liberally of the resources at our
we thought no price too high to pay for the precious boon
command.
Besides, we cannot get a road built in an un
of a railroad.
Aid in every form was extended.
We populated district without giving the promoters some
gave them money ; we gave them lands ; we took their inducement and making them believe they are going to
bonds ; we guaranteed their interest—in short, we did make
money by the venture.
Capital will not .embark in
everything except undertake the construction of the roads enterprises that do not offer a possibility of success com¬
ourselves.
mensurate with the risk, and certainly the construction of
Why this change in public sentiment ? Have the rail¬ a road through an unpopulated district is a very risky
roads failed to confer the good anticipated from them ?
If thing, for no matter how rapidly the country adjoining
popular opinion, as voiced in current phrases, is to be taken may be developed, some time must necessarily elapse before
as a
guide, they certainly have. Worse than that, instead the line receives even business enough to pay its expenses.
of proving an unadulterated blessing, we must pronounce To enable the
projectors to hasten this time and to afford
them the prolific source of harm.
That they have be¬ them meanwhile a source of income, land subsidies are
stowed some advantages is admitted, but in the wake of
'
given.
these has followed, it is claimed, a train of evils more than
The system, then, should be looked at, if we want to
sufficient to offset the accruing good.
Huge and gigantic judge it fairly, from the results it has produced. First,
monopolies have grown up, using the land so liberally what has been its influence upon Government sales of
donated to them to enrich grasping speculators, and actual land ?
Second, what influence has it exerted in increas¬
settlers, it would seem, have only with difficulty succeeded ing our railroad mileage and thus stimulating the devel¬
in entering their territory.
These expressions are said to opment of the country ? And third, how has it affected
represent public sentiment. We do not believe that they the lands granted ? have these fallen into the hands of spec¬
do, but even if they did, the vox populi is very far from ulators or have they been sold to actual settlers ?
As to the first of these points, it will be remembered
being a safe guide in matters of this kind. We have,
however, the utmost faith in the instinct of the masses; that the lands donated to the railroads were in alternate*,
ultimately instinct leads them to adopt sound views on sections along their lines, the remaining sections being;
every question of public policy.
But the public is impul¬ retained by the Government. The price of this Govern sive, and quick to act out its impulses^ Hence it frequently ment land was then doubled, being raised from $1 25 tohappens that it arrives at a correct conclusion only after a $2 50 per acre, the additional charge being certainly
deal of hard experience.
moderate for the advantages to be derived from
prox¬
Besides, in this case the opposition to railroads in the imity to a railroad. The Government thus not
only did
popular mind, is clearly based upon error. It has arisen not lose anything in actual cash by giving away a part of
out of exaggerated ideas of their power, influence and its
territory, but was really a gainer in so far as lands were.,
wealth.' They are powerful and influential, we admit, and sold that could not find a market at
all previously.
As
further we are very decidedly of the opinion that
they illustrating the vivifying influence of the railroads upon
should not be allowed to use either for the
public * harm. the sales of public lands; we quote from Mr. Talbott’s pam¬
But at the same time these are qualities
inseparably con¬ phlet the following remarks made by Mr. Colby of the
nected with their growth as commercial agents; as commerce Wisconsin Central Railroad.
expands they must go with it, or rather they must always
In 1852 the sale of lands by the General Government didn’t
bring money enough into the Treasury to pay the expenses of the
keep in advance, if they are not to hinder instead of pro¬ Lana
Department in Washington; and it became a serious ques¬
mote such expansion.
As to their being rich that needs to tion whether it would not be expedient for the United States to
be proven.
Are they rich ? HIow many of the land-grant concede to each State the lands within its borders. It was thought
best, however, first to try the experiment of giving land grants
railroads, even among those that are ranked as prosperous, to capitalists to induce them to build railways into the unpopu¬
pay 7 per cent or more a year now ?
How many of them lated country and in advance of civilization and business.” * *
They made a grant first to the Illinois Central. In 1853 the
pay nothing at all ?
Has either the Central Pacific or the first earth was turned in the construction of that road, and
Union Pacific paid on the average, during the last five before the year closed the General Government sold 2,800,000
acres of land, and in fifteen years retired from the State as a
years, as much as 7 per cent ?
Was not the Kansas land owner.”
*
*
“ Since the time that grant was made,
Pacific in ,the hands of receivers for default of interest, the United States Government has patented to railway com¬
panies about 41,000,000 acres of land, and as a result has been
prior to its consolidation with the Union Pacific ? Is not able to sell other lands to such an
extent that it has received
to
.
“
“
‘
THE
32
CHRONICLE.
[Vol. XXXI.
while the u horny-fisted son of toil” was left in comparative
Land Depart¬ neglect. Of course, this informant said nothing of the
gigantic undertakings carried through successfully with the
With regard to the influence of the grants in fostering
help of land which was donated, or of the millions of
the growth of railroads, it is sufficiently clear that under
dollars of added value to crops made marketable through
the stimulus of such grants a large addition has been made
the new commercial avenues thus opened; but was satisfied
to our mileage (Mr. Talbott places it at 14,628 miles in
in leaving the impression that the Government was giving
twenty-three States and Territories), and that the conse¬ away all its lands to rich corporations and that the supply
quent development of the country has been simply marvel¬ was now about exhausted. This belief has gained wide
lous.
It is hardly necessary to cite any figures in support
currency of late among the ignorant.
To show its error it
of the latter part of this statement, but we may say that
is only necessary to say that although altogether 215,203,807
Nebraska, which in 1869, when the Union Pacific Rail¬ acres have been given away to the several
States and to
road was completed, had a population of 120,000, now has
the Pacific Railroads—of which, however, not one-fourth
400,000, while the assessable value of its property has has
yet been certified—the Government still had on July
risen during the same time from $20,069,000 to $75,359,1, 1879, the comfortable little quantity of 710,668,086 acres
800, and that in Minnesota, along the line of the Northern of unoffered lands, not including Alaska.
Pacific, there is now property assessed at $9,561,792,
COTTON CONSUMPTION IN EUROPE.
where, when the road was opened, there was but $30,000
Treasury from this source alone $250,000,000, all of
into the
which, after deducting the mere expenses of the
ment, is clear profit.”
————■
■■■■—■——mm
■■
of assessable
We have received at so late an hour our cable dis¬
property.
In respect to the policy adopted by the roads in dispose patch of Mr. Ellison’s circular, issued at Liverpool,
ing of their lands, it has evidently been very satisfactory. Friday, July 9th, that we are unable to make any con¬
'*
matter on which grave
apprehensions might well
have been entertained, were it not for the peculiar rela¬
tions that exist between a railroad and the territory along
its line.
If the lands should have been sold to a body of
speculators, determined to hold them for higher prices, the
effect upon the country’s progress would have been mis¬
chievous, indeed. But in point of fact such has not been
the case, and the railroads themselves, more than all
others, were interested that it should not be. The railroad
is chiefly concerned in creating traffic.
In 'order to get
traffic, it must encourage the settling of the territory con¬
tiguous to its line, and, owning the lands, it can do so, by
offering them on liberal terms. It is not to its interest
that it should further any scheme of land monopoly.
Not
even the creation of large farms can it countenance, for
the latter, being supported by outside capital and their cul.
tivation carried on by a few hands, will give it traffic for
but one way, whereas it must seek traffic for both ways,
and return traffic grows only as the population grows.
To
a corporation wisely administered, the price secured for
the lands is nothing—traffic is everything.
As Mr. Talbott
aptly says, “ However much profit the company may
realize from the sale of land to him (the pioneer), its
profit^ from his business will greatly exceed it.”
It is clear, therefore, that the policy of donating lands
to new railroad enterprises, having had a fair trial, the
wisdom of the course is amply demonstrated in the facts
of history.
There is one other point that will bear mentioning right
here.
Politicians and demagogues, who ride the waves of
the popular current, and desire to reach their goal, a big,
fat office, as quickly as possible, often seek to give an
impetus to the current by citing figures.
Figures are
wonderful things.
They exercise a most telling effect upon
the mind, and if you can make them appear perfectly unin¬
telligible and bigger than they really are, by multiplying
them .several times—as when you have tons, and turn
them into pounds—why so much the better.
Besides, by
a certain class they are the more readily taken in when not
comprehended; then, too, you do not have to hammer them
into the heads of your auditors as you would an argument;
only cite them and make them long enough and you cannot
failto make an impression, and be sure the smaller the head
the bigger will be the impression.
We heard a gentleman,
an instructor in mathematics too,
express surprise and
appear shocked, the other day, when told by a devoted
follower of the Greenback-Labor party that 40 or 50 million acres of land had been given to a single corporation
This is
a
the figures. In the statements
below, however, we give our usual arrangement of them.
It will be seen that, contrary to general expectation,
Mr. Edison makes no change in the consumption in
Great Britain; he still continues the weekly consump¬
tion at 65,000 bales of 400 lbs. each. This is larger than
other authorities put it; and we were inclined to accept a
lower rate on account of the less satisfactory condition
of'trade in England now.
On the Continent the weekly
total is given at 52,000 bales, which is also the same as
last month. The total takings and consumption in actual
tto-les and in pounds, and in bales of 400 lbs. each, in all
Europe, to July 1, are as follows.
siderable comment upon
Takings and Cons'mpUon in Europe.
Conti¬
Great
Britain.
nent.
Britain.
24,601
89,523
Surplus Oct. 1,1879.
Deliveries
to July
1,1880
2,270,500 2,103,350
Supply to July 1..
Consumption same
..
time
Surplus July 1, 1880
Surplus June 1,18 0
Surplus May 1,1880
Surplus April 1,1830
Surplus Mar. 1, 1880
*
1,019,454,500.
Pounds.
Bales, actual.
Great
10,500,000
2,295.101 2,192,873
Continent.
37,600,000
Bales, 400 pounds.
Great
Conti¬
Britain.
nent.
94,000
27,000
*
893,923,750 2,548,636 2,234309
+
931,523,750 2.575,63612,328,809
.
2,107,4S3 1,897,411 973,200,000 806,400.000 2,433,000 2,016300
57,054,500 125,123,750
44,129,000 104,228,300
218,518 55.600,000 94,400,000
205,782 74,058,100 89,112,000
87,117,690 85,061,120
127.618
295,462
98,064
123,281
104,003
242,391
142,636
110,000
139,000
185,000
217,000
312309
260,000
838,000
222,000
212,000
11,030,254,500.
Accordingto the foregoing we give the present surplus
by the English spinners at 142,636 bales and of
Continental spinners at 312,809 bales.
Our cable, how¬
ever, if we understand it rightly, puts the English spin¬
ners’ surplus at only 66,000 bales, but states as an
explanation that the difference grows out of the 57,000
bales excess forwarded (as reported in our last visible
supply table), 19,0C0 bales of which Mr. Ellison esti¬
mates has been consumed.
We give this statement as
it appears in our dispatch, without at the moment being
able to explain it fully.
Mr. Ellison again lowers the average weight of bales
in the total actual deliveries. He now gives the average
weights up to the first of July at 449 pounds for Great
Britain against 450 pounds last month, and 425 pounds
for the Continent against 430 pounds last month. This
held
gradual decline in the average is of course the result of
the smaller proportion of American and Egyptian in the
receipts and the larger proportion of Indian and other
descriptions. Availing ourselves of the figures for previ¬
ous years given in the June circular we are able to present
the following comparison of takings and consumption
for the last three seasons up to this date, in 1,000’s of
bales of 400 pounds each.
July
33
THE CHRONICLE
10, I860.]
■"
Continent.
Great Britain.
has
-
been increased
=====
=3
:
heavily, but it is impossible in any
given month to report accurately the miles operated
on
which earnings are reported. Many of the
117
94
35
35
27
Stock let October
1,300
Deliver’s, Mar. 31,26 wks 1,752 1,470 1,575 1,424 1,292
companies will not furnish this ^information, and
1,354
1,409
the
1,513
1,616
1,779 1,505
figures for mileage published in some of the
Supply
1,234
1,274
1,340
1,400
1,576
Consumption, 26 weeks.. 1,620
newspapers are grossly incorrect.
The following roads
120
135
178
74
105
159
Stock March 31
are
well known as working a mileage considerably
637
688
550
543
539
504
Deliver’s Ap.& M’y, 9 wks
increased, viz.: Atchison Topeka & Santa Fe, Central
757
823
728
617
644
663
Supply
432
453
468
Pacific, Chicago & Alton, Chicago & Eastern Illinois,
473
493
553
Consumption, 9 weeks...
325
370
260
144
Chicago Milwaukee & St. Paul, Chicago & North¬
151
110
Stock, May 31
230
183
261
194
166
293
Deliveries, J ime, 4 weeks
western, Denver & Rio Grande, Louisville & Nashville,
555
553
521
338
317
Northern Pacific, St. Louis & San Francisco, Union
403
Supply
196
202
208
228
208
260
Consumption, 4 weeks...
Pacific, and Wabash St. Louis & Pacific. The pertinent
359
351
313
110
109
143
Stock, June 30
question in regard to all these roads is rather as to the
It will be noticed that in the above we have continued increase in bonded debt or annual obligations, than as to
the English total deliveries as in the previous statement, the mere increase in mileage, and any precise information
because that is what our cable states them to have been, on those points will not be obtained by outsiders till the
In the mean time the
but the result is 143,000 bales in the hands of English next annual reports are issued.
directors have access to the books and can form a much
spinners instead of 66,000 bales as we understand the
cable to give it. We now bring forward our usual better opinion of the value of the stocks.
GROSS EARNINGS IN JUNE.
table, which showTs the monthly record since October 1
Increase. Decrease.
1879.
1880.
’79-80. 1878-9. 1877-8.
’79-80. 1878-9.
’77-8
54
•
in detail.
Pounds.
Consumption in
Bales
Bales per
400 lbs.
week,
400 lbs.
h
4*2 weeks.
Continent, October, 4 weeks.... ..
Great Britain, October,
Total October
_
161,461
weeks
Continent, December, 4*2 weeks..
Total December
4^2 weeks.
Continent, January, 5 weeks
Great Britain, January,
Total January
Great Britain, February,
4 weeks.
106,125
248.500
229.500
62,125
51,000
478,000
113,125
283,500
234,000
63,000
52,000
207,000,000
517,500
115,000
Internat’l & Gt. North...
113,400,000
104,000,000
283,500
63,000
260,000
52,000
Kan. City F. S. & Gulf*.
Kan. City Law. & So.* ..
Lake Erie & Western
Louisville & Nashville..
112,565
842,229
217,400,000
543,500
115,000
Minneapolis & St. Louis*
47,043
104,000,000
260,000
65,000
83,200,000
208,000
52,000
Mobile & Ohio
N. Y. Cent. & Hud. Riv.
307,052
113,570
2,653,477
England*..
137,874
113,400,000
93,600,000
Continent, February, 4 weeks
187,200,000
Total Februany
Great Britain, March, 4*2 weeks...
Continent, March, 4 weeks
Total March
Great Britain, April, 5 weeks
Continent, April, 5 weeks
*
Great Britain, Oct. to
weeks
117,000
208,000
65,000
52,000
200,200,000
500,500
117,000
130,000,000
104,000,000
325,000
260,000
65,000
234,000,000
585,000
117,000
91,200,000
83,200,000
228,000
208,000
65,000
52,000
174,400,000
436,000
117,000
104,000,000
260,000
65,000
83,200,000
208,000
52,000
187,200,000
468,000
117,000
973,200,000 2,433,000
806,400,000 2,016,000
62,384
51,692
1,779,600,000 4,449,000
114,076
Coitinent, June, 4 weeks
Total June
468,000
292,500
4 weeks*
Continent, May, 4 weeks
4 weeks
•
50,125
117,000,000
83,200,000
Great Britain, May,
Total May
52,000
July, or 39
Continent, Oct. to July, or 39 weeks
Total from Oct. 1 to July 1.
...
93,234
1,038,000
1,653,000
115,253
452,500
191,200,000
Great Britain, Dec., 4*2
Great Britain, June,
447,794
211,645
609,255
181,000,000
91,800,000
Total November
Chesapeake & Ohio
Chicago & Alton
Chicago & East. Illinois.
Chic. Milw. & St. Paul..
Chicago & Northwest..
Chic. St. P. & Minneap..
1,752,000
56,000
99,400,000
April
$
310,000
252,000
200,500
weeks.
Total
$
410,000
110,179
1,443,088
148,457
100,800,000
80,200,000
Continent, November, 4*2 weeks..
Great Britain, November, 4
Central Pacific
*
Thie is really for only about 3*2
tbe Whitsuntide holidays.
weeks, allowance being made for
.
Cincinnati & Springfield.
Clev. Col. Cin. & Ind....
Clev. Mt. Vernon & Del.*
Delaware &Hud. lines..
Denver & Rio Grande...
Flint & Pere Marquette.
Grand Trunk of Canada!
Great West’ll of Canada!
Hannibal & St. Joseph..
Illinois Central (Ill. line).
Do (Iowa leased lines)
Indiana Bloom. & West.
...
Missouri Kansas & Tex..
N. Y. & New
66,315
798,658
1,393,087
96,993
62,076
67,037
334,742
23,987
311,238
204,105
264,522
23,773
232,936
91,873
73,996
583,045
291,261
107,560
460,171
.
121,376
776,761
373,185
177,861
521,277
122,230
106,954
97,418
120,407
90,821
'
86,648
42,918
53,584
26,704
48,278
41,530
Northern Pacific
261,269
Ogdenb. & L. Champl’n.
St.L. A.&T.H. main line.
Do
do (branches)
105,988
41,980
St.L. Iron Mt.&South’n.
St. Louis & S. Francisco.
Scioto Valley
Texas & Pacific
Toledo Peoria & Warsaw
Union Pacific (cons, line)
173,788
21,875
153,005
121,814
1,936,000
504,229
23,586
221,891
91,609
2,022,823
128,089
198,744
35,870
48,784
69,169
31,736
281,921
88,266
365,300
952,049
Wabash St.Louis & Pac..
18,161,772
Total-.-.
Net increase
$
$
720,000
153,378
»
Atcb.Topeka&SantaFe.
Burl. Cedar Rap. & No..
17,661
120,815
89,224
1,283,000
519,201
43,199
308.912
63,188
26,919
239,342
259.913
18,260
4*961
70,220
214
78,302
202,232
47,380
193,716
81,924
70,301
61,106
1,823
16,133
10,770
10,666
14,826
64,287
338,000
23,457
85,161
21,961
630,654
9,785
62,525
12,914
36,819
10,244
83,379
85,522
4,214
32,250
'
32,590
653,000
432,848
♦.
13,249,394 4,915,378
4,915,378
OMK&
Three weeks only of June in each year,
t For the four weeks ended June 26.
*
1 For the four
weeks ended June 25.
included
in our tables shows any decrease in gross earnings.
As
to the net earnings we have less information, but the
returns of the comparatively few roads reporting to May
31 are good, and show that the percentage of increase in
net profits is usually well kept up to, or exceeds, the
For the first half of the year
increase in gross
1880 no railroad
receipts.
and comments on earnings of
various companies, aside from the regular statements
RAILROAD DARNINGS IN JUNE, AND FOR published monthly in our tables, are the following. The
THE FIRST SIX MONTHS OF 1880.
Boston Transcript says of Union Pacific:
“The earnings of the consolidated Union Pacific Railway
The reports of gross earnings on 42 railroads for the
month of June have now been received. The state¬ Company for June are approximately $1,936,000, an increase of
$653,000 over the earnings of the separate lines —Kansas Pacific,
ments, as tabulated below, show that on a total of Union Pacific and Colorado Central—during June of last year.
The auditor estimates that $210,000 of this increase is attrib¬
$13,249,394 gross receipts in June, 1879, there was an in¬ utable to increased mileage, arising from newly-constructed
crease in June, 1880, of $4,915,378, or about 37 per cent.
branches. This leaves a net increase for June of $443,000 upon
This is the best exhibit, as to percentage of increase, the old mileage, or a gain of 34 per cent.”
The Northern Pacific, Eastern Division, earnings are re¬
that has yet been made, and it will be observed that the
ported thus:
column of “ decrease ” in the table is blank throughout^
$250,600
Earnings for June, 1880..
188,000
not a single line showing any falling off in business Earnings for June, 1879
Increase
*.
$62,600
during June of this yeait The mileage of many roads
.
*
Among the reports
THE
34
CHRONICLE.
$2,124,338
1,233,524
Earnings year ending June 30, 1880
Expenses year ending June 30, 1880
$890,814
$1,282,553
730,839
Earnings year ending June 30, 1879
Expenses year ending June 30, 1879
$551,714
-
In tlie expenses for 1880 are included the cost of steel rails
between Fargo and Bismarck and all road improvements on the
line from Duluth west.
The Central Iowa Railway earnings for the first five months
•of this year are reported to show an increase over 1879
■$86,683 gross and $84,671 net.
In the stock market Lake Shore earnings for June are re¬
|Vol. XXXI.
$
.
Operating exp. and taxes.
.
Net earnings
increase of
an
Gross
earnings
.
Operating expenses
Net
.
earnings
.
.
& No..
982.346
8.484,255
'.
Chicago & Alton
Chicago <fcrEast. Illinois.
Chicago Milw. & St.Paul
Chicago & Northwest...
Chic. St. P. & Minneap..
3,401,889
Burl. Cedar Rap.
Central Pacific
532,732
5,447,000
8,390,313
693,547
1,256,425
1879.
$
653,824
328,522
7,855,408
628.847
.
425,750
255,586
3,053,566
1.853,122
2,124,526
211,008
170,164
1,200,444
795,121
158,839
139,524
96,698
97,193
880,550
*498,888
732,840
460,143
62,141
42,331
381,662
272,697
133,700
160,233
146,446
175,439
1,796,597
1,251,109
1,519,213
1,847.736
1,469,257
378,479
Clev. Mt. Vernon <fcDel*.
Delaware & Ilud. lines..
Flint <fc Pere Marquette.
Grand Trunk of Canadat
Great West’n of Canadat
Hannibal & St. Joseph..
Indiana Bloom. & West..
Ill. Central (Ill. linej
Do
(la. leased lines).
198,123
170,774
27.349
2,308,236
743,114
4.761,304
2,287,606
1,132,826
569,704
2,800,194
754,100
1,778,699
529,537
224,905
746,083
InternatT & Gt. North..
Kan.' City F. 8. & Gulf*.
50(5,869
317,090
3,895,795
284,334
1,980,761
So.*...
..
Minneapolis & St. Louis*
Missouri Kansas <fe Tex..
Mobile & Ohio
N. Y. Cent. & Hud. Riv.
Northern Pacitic
Ogden. & L. Champlain.
St.L.A.&T. H. main line.
Do
do (branches).
St. L. Iron Mt. & South’n.
St. Louis & S. Francisco.
Scioto Valley
1,967,552
893,059
523,150
2,528.460
699,442
684,293
46,554
271,734
184.723
99,611
1,242,807
737,954
856,579
146,579
65,942
219,836
50,094
691,238
597,109
10,665
86,370
1,674,122
297,860
1,116,963
134,744
1,929,094
519,854
660,636
124.079
574,266
5,313,858
3,639,736
83,326,895
442,930
43,794
545,488
53,666
Pittsburg & Erie)—
.3,417,916 2,703.695 16,212,595 13,023,248
.1,941,064 1,674,603 9,130,433 7,778,388
.1,476,852 1,034,092
Philadelphia & Erie—
Gross earnings
.
1,443,774
905,280
1,142,539
805,478
106,213
68,384
.538,494
337,061
349,053
327,488
302,640
235,653
2,255,032
1,552,992
1,647,173
1,210,592
21,565
66,987
702,040
436,581
.
.
*
Not
The
t From January 2 to June
5,244,860
264,409
196,025
........
...
7,082,162
205,257
311,470
.
M
following figures have but recently come to
•
1S79.
1880.
200,789
Operating expenses
.
...
earnings.
.
..
..
13,570
87,602
542,960
310,905
335,393
204,205
2,190,501
1,306,014
1,314,181
792,985
232,055
131,18S
884,487
521,196
..
each year.
Net earnings.
‘
$
300,113
£
£
£
£
167,810
116,477
138,342
108,540
663,816
469,505
572,677
462,168
51,333
29,802
194,311
110,509
Grand Trunk of Canada—
65,903,736 17,418,159
1879.
13,596
Chicago & Alton..
April 30.-
39,246
52,916
39,320
..
hand.
Jan. 1 to
1880.
$
250,310
162,708
$
52.816
$
—
Net
f ?
including taxes for March and April, 1880.
..
Three weeks only of June iu
1 From January 3 to June 26.
1,076,283
i>f
17,418,159
'
317,568
273,774
.
25,643
150,394
123,946
2,628,755 1,267,040
214,917
620.083
2,620,332
276,122
356,475
193,144
709,242
148,975
400,247
247,766
329,788
,
54,658
13,157,968 2,584,510
4
37,254 def. 9,156
Net earnings....
320,054
239,767
15,742,478
910,031
Toledo Peoria & Warsaw
Wabash St. Louis & Pac.
Total
Net increase,
518,209
4,015,221
1,003,158
1,329,405
Northern Central—
2,183,913 1,217,976
144,539
388,193
4,035,159 1,411,841
6,960,332 1,429,981
550,742
142,805
443.617
99,069
City Law.
$
$
812,808
306,531
Louisville Aj Nashville
627,600
416,592
.
Increase. Decrease.
405,600
Kan.
313,595
1 TO JULY 1.
Chesapeake & Ohio
Cincinnati & Springfield.
Clev. Col. Cin.
Ind
709.936
440,164
24,250
.
$
22,363
163,870
.
increase of $430,000, and Erie earnings an
1880.
1,038,876
725,281
Nashv. Chatt. & St. Louis-
$500,000.
GROSS EARNINGS FROM JAN.
143,188
1,265,504
825,340
165,551
,
$
$
$
-
188,120
Louisville & Nashville-
of
ported to show
1879.
1880.
Houston & Texas CentralGross earnings
/—Jan. 1 to May 31.—*
1880.
1879.„
May.
/
..
1
li
25.
gives the gross earnings, operating
UNITED STATES TREASURY STATEMENT.
expenses and net earnings for the month of May, and from
The following statement, from the office of the Treasurer, for
January 1 to May 31, of all such railroad companies as will
July, was issued this week. It is based upon the actual
furnish monthly exhibits for publication :
returns from Assistant Treasurers, depositaries and superintend¬
GROSS EARNINGS, EXPENSES AND NET EARNINGS.
ents
of mints and assay offices :
-—Jan. 1 to May 31.—,
May
The statement below
1880.
$
Atlantic Miss. & Ohio—
)..
1879.
$
1880.
$
1879.
364,138
57,978
54,039
404,612
241,126
149,504
94,050
116,950
75,661
828,968
529,346
543,645
359,485
liquidation,” and “reducing circulation”..,
Undistributed assets of failed national banks
Five per cent fund for redemption of national bank
55,454
41,289
299,622
184.160
notes
Fund for
23,511
20,730
23,587
25,754
191,731
125,586
179,645
113,491
2,781 def. 2,167
66,145
66,154
Post-office Department
199,443
178,344
178,824
132,471
1,044,780
827,065
664,351
596,294
21,099
46,353
217,715
68,057
6,714,248
658,920 3,398,083
5,349,271
3,017,440
3,316,165
2,331,831
418,116
258.231
•Chicago Burlington & QulncvGross earnings
.1,619,227 1,171,303
791,372
827,855
512,383
Delaware <fc Hudson Canal Company’s roads :
Albany <fe Susquehanna—
.
59,892
551,339
335,433
34,053
24,581
215,956
159,885
92,274
49,646
482,947
Operating expenses
91,372
53,757
269,818
468,223
253,799
Net
37,615
42,628
213,129
214,424
53,483
35,969
37,238
26,067
273,746
157,977
155,831
17,514
11,171
115,769
46,749
141,392
94,382
130,308
94,634
688,913
403,478
503,591
354,892
47,010
35,674
285,435
148,699
1,996,998
1,166,709
1,545,763
Net
earnings.....
Gross
earnings
earnings
New York & Canada—
Gross earnings
Operating expenses
Net earnings
Rensselaer & Saratoga—
Gross earnings
Operating expenses
Net earnings
—
Total of Delaware & Hudson Co.’s roads—
Gross earnings
395,653
344,293
Operating expenses
259,461
230,239
earnings
136,192
114,054
failed,”
18,871,426 25
“in
672,232 81
14,095,612 87
redemption of national bank gold notes
Currency and minor-coin redemption account
Fractional silver^eoin redemption account
Interest account
Interest account, Pacific
Co
Treasurer U. S., agent for
-
Railroads and L. & P. Canal
paying interest on D. C. bonds.
Treasurer’s transfer checks outstanding
Treasurer’s general account—
466,195
4,602
96,973
19,311
OO
17
20
00
25,680 00
340,868 86
2,539,041 62
....$18,768,098 11
7,613,810 36
822,088 91’
8,004,600 00
12,374,270 00
unpaid.
Called bonds and interest
Old debt
Gold certificates
Silver certificates
Refunding certificates
Balance, including bullion
1,367,000 00
141,453,114 37
fund
$190,402,981 75
109,082
ASSETS, JULY
Gold coin and bullion
Standard silver dollars
Fractional silver coin
Silver bullion
£
Gold certificates
Silver certificates
United States notes
National bank notes
National bank gold notes.
1, 1880.
$126,145,427 20
44.425,315 00
24,350,481 80
.'
5,124,536 42
40,700 00
6,584,701 00
\
33,020,559 11
6.879,659 78
- - -
210,590 00
£7’=. -Z
11*124,542 o7
Fractional currency
Deposits held by national bank
depositories
1,232,722 43
1,520,500 OO
Nickel and minor coin
New York and San Francisco exchange
One and two-year notes, &c.
Redeemed certificates of deposit, June 8,
283 50
360,000 00
1872
Quarterly interesttfcheeks and coin coupons paid
Registered and unclaimed interest paid
U. S. bonds
Interest
on
78,540 87
11,395 75
316,131 34
637 6-
and interest
District of Columbia bonds
690,848 30
Deficits, unavailable funds
976,004
Speaker’s certificates
Pacific Railroad interest paid
-
j.
#
Net
17,554,699 17
$262,185,167 06
84,473
Delaw. & Hud.—Penn. Div.
^
$14,595,000 00
2,500,542 36
account
Disbursing officers’ balances
Fund for redemption of notes of national banks “
Interest due and
109,405
75,352
Gross earnings
Operat’g expenses
8,
76.940
613,239
372,113
Net
Net earnings
1, 1880.
redemption of certificates of deposit, June
768,750
•Carolina Central-
Operating expenses
Fund for
1872
130,979
’ll—
earnings
Chesapeake & Ohio—
LIABILITIES, JULY
$
131,407
73,429
830,289
569,759
-•
$262,185,167 06
FI
July
THE
10, 1880.J
35
CHRONICLE.
this
country, and it must be said that they deserve it, as hop
growing is expensive, and successively bad crops are attended
Kent, famous for its hops and fruit, will
by heavy losses.
HATES OF EXCHANGE AT LONDON AND ON LONDON almost
certainly enter upon a period of prosperity, and has
AT LATEST DATES.
indeed done so, as fruit is now maturing with rapidity. Last
year the chairman of the South Eastern Railway Company
EXCHANGE AT LONDON—
EXCHANGE ON LONDON.
June 25.
alluded to the fact that the revenue of that undertaking had
diminished considerably in consequence of the indifferent yield
Latest
Rate.
Date.
Time.
of fruit. When the shareholders meet again, in a few weeks*
OnTime.
Bate.
time, he will probably be able to inform them of a much better
25-19
Short. 25*27*2 @25-37*2 June 24 Short.
Paris
condition of things, and of augmented receipts from the con¬
3 mos. 25-40 @25*50
Paris
June 24 Short.
1212
@12-3
Amsterdam. Short. 12-2
veyance of agricultural produce.
Our agricultural population
Amsterdam. 3 mos. 12-4
@12*4*2
June 24 Short.
25"50 @25-55
25-32*2
will be greatly benefitted, as they will now be largely employed,
Antwerp....
25*50
20-65 @20-67
June 24
Berlin
and will have more means at their command to provide for their
18-43 @18-47
Frankfort...
20-65 @20-67
Hamburg
requirements. Times have been very bad with them for a long
2514@2518
St.Petersb’rg
27-70
June 24 3 mos.
Vienna
ll"92i2@l 1*95
time past; but now that farming is yielding somewhat better
27*70
Genoa
27*97*2 @28*02*2 June 24 3 mos.
results, some increase in the country trade, may be anticipated..
47 58@47*2
Madrid
48 @477a
Cadiz
Messrs. Morton, Rose & Co, invite subscriptions for $1,500,90 days
52 38@'52 *2
Lisbon
000 first mortgage 5 per cent bonds of the Chicago Milwaukee &
Copenhagen. 3 mos. 18-42 @18-45
Alexandria..
St. Paul Railway Company (L'a Crosse & Davenport Division) of
Is. S*2d.
June 24 4 mos.
60 days
Bombay
June 24
Is. 83sd.
Calcutta
which 5 per cent is payable on application and 88/£ per cent on
3s. 10*2d.
June 24
Hong Kong..
allotment. The prospectus states that the bonds, which are of
5s. 3%d.
June 24
Shanghai....
$1,000 each, and payable to bearer, are a direct obligation of
the Chicago Milwaukee & St. Paul Railway Company, and are
[From our own correspondent.]
secured by a first mortgage on the Lacrosse & Davenport Divi¬
London, Saturday, June 26, 1S80.
The money market continues in a very easy condition, and sion, 185 miles in length.
Tenders will be received at the Bank of England on Monday,
the Bank return shows that the directors were quite justified in
reducing their rate of discount last week to 2% per cent. They July 5, for £1,480,000 in Treasury bills of the usual denomina¬
might, in fact, have lowered it to 2 per cent, as it is evident that tion, and under the usual conditions. This issue is to replace
*
the amount of business they are doing is very limited. There bills about to mature.
The demand for money has strengthened a little, perhaps
is, this week, a further decrease of £288,336 in the total of
“other securities,” the amount being £18,311,636, against £18,- during the last two days, owing to the approaching clos^of the
523,864 last year and £20,711,781 in 1878. The supply of bul¬ half-year and to the .commencement of another Stock Exchange
The dividends on the public funds will, however,
lion continues to be augmented both by a return of coin from settlement
be paid in a few days, and ^s trade requires comparatively
provincial circulation and by imports from abroad. The total
little capital to conduct it, and as mercantile paper is scarce, an
supply of gold is now £29,381,943, against £35,143,525 last year;
while the reserve of notes and coin is £18,032,483, against £21,- easy money market is expected in July. The following are the
251,650 in 1879. The proportion of reserve to liabilities has present rates for under :
Per cent. Open-market rates—
Per cent.
increased to 52*25 per cent, and a continuance of easy money is
4 months’ bauk bills
2
@ 2%
Bank rate
2*2
44
44
<<
44
a
....
...
n
n
u
44
44
.....
....
4 4
'
..
..
44
44
44
44
44
*
.
therefore looked forward to.
quiet appearance, there is
doing, for the time of year,
and hopes are still entertained that the autumn trade will be
fairly satisfactory. It is not expected to assume large propor¬
tions, but as there is still reason to believe in a good yield of
agricultural produce, while there are no present indications of
dear money, some increase in business seems to be almost
inevitable. In Mincing Lane, this week, a fair degree of activity
has been apparent, and in the metal trade, iron, tin and copper
have commanded a good deal of attention, and have fluctuated
considerably in price. From our principal manufacturing
towns the report is that a fairly legitimate trade is in progress,
and it is expected to develop as we approach the autumn.
There appears, however, to be nothing calculated to encourage
the belief that a period of activity is near, as there seems to
be a very general disposition to trade with caution, and not to
run unusual risks.
There has been a good deal of speculation
in tin and copper this week, and on Monday an important
advance took place ; tut speculators speedily realized to secure
their profits, and on Tuesday there was a marked relapse.
Since then, prices have been steadily advancing, and the metal
trade is now regarded as strong.
The weather during the month of June has been true to its
traditions, and a copious rain has fallen, which, after the very
dry spring, has been of vast benefit to the growing crops. A
month ago, although wheat was thriving, the prospect for
roots, grass and all late-sown crops was not very encouraging ;
but matters .have now very materially changed, and if we
should have a bright summer, the yield of agricultural produce
will be very considerable. Vegetable food has lately become
very abundant, and farmers have experienced difficulty in dis¬
posing of certain descriptions at any profit; but the choicer
sorts have been rather dear.
The dry spring has diminished to
some extent the sanguine hopes entertained respecting the
fruit cj*op, and of a few descriptions it is expected that the
yield will be light; but in the aggregate, if we should have
good ripening weather, the result will be a satisfactory one.
Hop growers, for once, do not complain. During the last three
weeks the plant has made wonderful progress, and the planta¬
tions are remarkably free from blight. Growers are looking
forward to one of the largest and finest crops ever produced in
Although trade presents
still
a
a very
moderate amount of business
4 & 6 months’
1%@178
134@178
3 months’ bills
The rates of interest
discount houses for
Annexed is
a
trade bills. 2*2 a-3
allowed by the joint-stock banks and
deposits
are as
under :
Joint-stock banks
-..
Discount houses at call
Do
with 7 or 14 days’notice.
Bank of
2I8@214
6 months’ bank bills
Open-market rates—
30 and 60 days’ bills
Per cent.
11fs1*2
1%
*
statement showing the present position of the
England, the Bank rate of discount, the price of Con¬
English wheat, the price of
Middling Upland cotton, and the Bankers’ Clearing House
return, compared with the three previous years :
sols, the average quotation for
1879.
1880.
1877.
1878.
,
£
£
£
£
Circulation,excluding
Bank post bills .... 26,349,460 28,891,875 27,580,375
7,946,124
7,940.265
8,933,000
Public deposits
25,325,658 28,584,374 21,953,200
Other deposits
Governm’t securities. 15.804,318 14,678,635 16,207,691
18,311,636 18,523,864 20,711.781
Other securities
Res’ve of notes & coin 18,032,483 21,251,650 10,858,129
Coin and bullion in
both departments.. 29,381,943 35,143,525 23,438,501
Proportion of assets
18,510,050
13,832,353
26,826,398
52-25
to liabilities
Bank rate
Consols
2*2 p. c.
98*2
45s. 4d.
Eng. wheat, av. price
Clearing-House ret’n. 88,562,000
80,204,000
46s. 9d.
94*364s. Od.
83,195,000
81,800,000
following are the current rates of discount
cipal foreign markets:
Bank
Paris
Amsterdam....
Brussels
Berlin
..
..
..
..
Hamburg
..
..
.
..
at the prin¬
Bank
Open
rate.
market.
Pr. ct.
Pr. ct.
2*2
3
3*2
4
4
3 p. c.
3 p. c.
2 p. c.
92x
41s. 8d.
The
Frankfort
Vienna
St. Petersburg
27,994,0458,760,469
20,957,739
15,214,859
-
218@238
2%@3
3
@3*4
3
@3*4
278@3*e
@3*4
4
3
4
6
3®8@378
4%@514
Genoa
Geneva
rate.
Pr. ct.
4
4
Madrid, Cadiz <Ss
Barcelona
Lisbon <fc Oporto.
Copenhagen
New York
Calcutta
4
6
4@4*2
....
Open
market.
Pr. ct.
4
3*2@4
4
@5
5 %@6
4
@4*^
4*2@5
5
little demand for gold for export during
and, as some moderate amounts have arrived from
Australia, a fair quantity has been sent into the Bank of Eng¬
land. Silver is firmer, the Indian exchanges being higher; and
Mexican dollars are also rather scarce. The following prices of
bullion are from the circular of Messrs. Pixley & Abell:
There has been very
the week,
GOLD.
gold, fine
per oz.
gold, containing 20 dwts. silver, per oz.
Spanish doubloons
Bar
Bar
South American doubloons
United States gold coin
German gold coin
s.
d.
s.
d.
standard. 77 9 ®
standard. 77 10;*2@ .... - per oz. 71 b @ to O
per oz. 73 .9 ® ......
per oz. /6 3*2@
per oz. <6 3*4@
THE CHRONICLE
36
Bar
d.
d.
SILVER.
standard. 52% ®
per oz. standard. 53% 'o)
per oz. 57
®
per oz., last price. 51% ®
Bar silver, fine
per oz.
silver, containing 5 grs. gold
Cake silver
Mexican dollars....
Chilian dollars
:
pcroz.
Quioksilver, £6 12s.
....
Discount, 3 per cent.
6d.
®
—,
....
—
....
(you xxxi.
following figures show the imports and exports of cereal
produce into and from the United Kingdom since harvest, viz.,
from the first of September to the close of last week, com¬
pared with the corresponding period in the three previous sea¬
*
The
sons:
IMPORTS.
1876-7.
1877-8.
1878-9.
1879-80.
of business has been transacted on Wheat
cwt.47,893,199 39,062,086 46.744,780 34,163,835
Barley
11,627,910
9,233,180 11,625,501 11,461,751
the week. Cheap money and good Oats
11,689,654
9,266,804
9,016,555
9,797,116
1,772,654
1,398,131
1,452,265
harvest prospects afford support to the markets; but the public Peas
1,115,136
Beans
2,298,116
1,381,440
2,568,509
3,379,312
are, as usual at this period of the year, making but few invest¬
indian corn
23,046,111 28,141,742 28,449,930 28,092,441
Flour
8,423,504
7,353,347
7,060,355
5,685,544
ments, and consequently speculation is rather difficult to pursue
EXPORTS.
successfully. The tone has, on the whole, been steady, and no
1878-9.
1876-7.
1879-80.
1877-8.
cwt. 1,097,715
1,411,720
1,422,896
731,435
important fluctuations in prices have taken place. United Wheat
Barley
28,034
104,145
53,835
45,245
States* Government securities have been decidedly firm, and the Oats
84,997
86,269
92,534
84,465
18,550,
88,326
15,963
22,050
funded 5 per cents have improved slightly in value. Consols Peas
Beans
18,958
26,627
48,766
13,423
are at the high price of 98% ex-div.
South American securi¬ Indian oom
499,381
410,970
213,539
423,842
147,771
117,659
74,627
39,538
ties, especially Argentine and Buenos Ayres descriptions, are Flour
much weaker, owing to the prevalence of political disturbances
English Market Reports—Per Cable*
The daily closing quotations in the markets of London and
in those republics.
Wheat gives way in price, but very slowly.
White descrip¬ Liverpool for the past week, as reported by cable, are shown in
tions, owing to large arrivals from Australia and New Zealand the following summary:
London Money and Stock Market.—The bullion in the Bank
show the chief fall, viz., of about Is. per quarter; but red
wheats are wanted for mixing purposes, and these command of England has decreased £207,000 during the week.
Fri.
Mon.
Tues.
Wed.
Tliurs.
Sat.
about previous rates. Farmers’ deliveries are upon a very lim¬
July
July
July
July
July
July
6.
8.
9.
ited scale. Since last harvest they have been only about 5,000,5.
7.
3.
-5238
523s
52%
52»i*
529l6
d. 52%
000 quarters, against 9,000,000 quarters, or a falling off of Silver, per oz
Consols for money
98718
98Tl6
98716
98U16 98iiiB 989i6
98 %
98%
98®i6
98&16
98Hi6 989i6
4,000,000 quarters. Our imports are larger, but, according to Consols for account
106
106
106
10578
U. 8. 5s of 1881
106%
10578
the usual calculations, only about 77,000,000 cwt. of wheat and U. S. 4%s of 1891
112V 1127s
1127e
11278
112%
1127e
A very moderate amount
the Stock Exchange during
....
flour have been marketed since harvest, against 84,207,000 cwt.
last year. It is, however, well known that millers have been
buying from hand to mouth for a long time, and that their stocks
were never so low as they are now.
Stocks in granary are also
small, and it is these two facts that tend chiefly to check any
important downward movement in prices. France, if the
account respecting the crops in that country is correct, will
again be a considerable importer of wheat, besides which West¬
ern Europe is bare of reserve stocks.
Wheat will undoubtedly
be cheaper, if the weather continues fine ; but England at all
events will again require a large supply, as the area of land
under wheat is small.
Erie,
common
42%
42
stock
109
109
fllinois Central
Algerian flour of this year’s
has made its appearance in the Paris market. As to the
crops in France, the Bulletin des Halles sums up the situation as
follows: In the south, which last year had a full yield, only
two-thirds are reckoned upon this year. In the southwest, in
general, a pretty good crop is expected, if the bad weather
keeps off.
The crops there, however, are ten to fifteen
days behind, compared with ordinary years.
In the
east
an
abundant
crop is not to be hoped for, on
account of the large number of fields that had to be
re-ploughed and sown afresh in the spring. In the centre and
west the crops are in general thin.
In the North, with the
exception of the department of the Nord, where a good crop is
expected, either from having been injured by the rigors of
the winter or by the insects, the wheat leaves much to be
desired, and is overrun by weeds. Thus, though on the whole
the prospect is better than last year, an excellent harvest
is not to be expected.
During the week ended June 19 the sales of home-grown
wheat in the 150 principal markets of England and Wales
amounted to only 24,278 quarters, against 49,426 quarters last
year; and it is computed that in the whole kingdom they were
97,120 quarters, against 198,000 quarters in 1879. Since harvest
the sales in the 150 principal markets have been 1,262,528 quar¬
ters, against 2,279,184 quarters; and it is computed that in the
whole kingdom they have been 5,050,120 quarters, against
9,076,520 quarters in the corresponding period of last season.
Without reckoning the supplies furnished ex-granary at the
1L078
110%
42%
41%
40%
109
54%
8
131%
109
55%
109
8%
8%
838
131%
8
131
New York Central
I1078
5538
Pennsylvania
.'
Philadelphia* Reading.
132
Liverpool Cotton Market—See special report on cotton.
Liverpool Breadstuffs Market.—
Mon.
s.
d.
Sat.
d.
s.
Flour (ex. State)$cent’l. 13
Wheat, No. I,wli.l00 lb. 9
Spring, No. 2...
“
9
Winter, West.,n.
“
9
“
9
Southern, new
Av.Cal. white..
“
California club.
“
.
7
8
1
Liverpool Provisions Market.—
s.
0
6
Pork,West.mess..$bbl.60
Bacon, long clear, cwt. .35
Short clear
pr. mess, $
“
37
0
tierce.60
0
Lard, prime West. $ cwt. 36
Cheese. Am. choice “ 53
9
Beef,
0
36
s.
13
13
9
9
9
9
9
10
10
10
9
8
9
9
4 11%
4
d.
3
8
3
0
2
2
9
11
60
36
38
60
36
0
0
0
0
9
Thurs.
d.
s.
60 0
36 0
38 6
60 0
37 0
53
0
52
Wed.
d.
s.
9
0
54
Tliurs.
d.
3
6
2
10
0
10
8
s.
Tues.
s.
d.
60 0
36 0
•37 6
60 0
Mon.
d.
s.
60 0
36 0
37 0
60 0
36 9
55 0
Sat.
d.
crop
Wed.
Tues.
s.
d.
13 3
9 6
9 2
9 10
10 0
8 10
9 8
5 0
13 3
9 5
9
2
9 7
9
8
8 10
9 8
5 1
3
5
2
8 10
9 8
Coru,mixcd,West.i^cnt’l 5
Advices from Paris state that
11078
42%
108%
11078
110%
U. S. 4s of 1907
0
Fri. '
d,
13 6
9 9
9 3
10 1
10 2
9 2
9 9
4 11
s.
Fri.
s.
60
36
38
60
37
51
d.
0
6
6
0
3
0
London Petroleum Market.—
Mon.
d.
Sat.
d.
Pet’leum, ref. $ gal... ®
Pet’leum, spirits “
..
®8%
8
@
..
-■ ,
..
Tues.
d.
Wed.
Thurs.
d.
d.
W
8%@S%
..
.
.
®
..
•
.
81
Fri.
8 ®8%
(ft
^8%
..
..
..
©ommcvctal auitf^iscellimexros Hews.
Week.—The imports of last
of the. preceding week, show
a decrease in dry goods and an increase in general merchandise.
The total imports were $9,188,199, against $9,218,221 the pre¬
ceding week and $7,805,490 two weeks previous. The exports
for the week ended July 5 amounted to $9,447,246, against
$9,163,891 last week and $9,781,293 two weeks previous. The
following are the imports at New York for the week ending
(for dry goods) July 1 and for the week ending (for general
merchandise) July 2:
Imports
and
Exports
for the
week, compared with those
FOREIGN IMPORTS AT NEW YORK FOR THE WEEK. ^
1877.
General mdse...
Prev.
Total s’ce Jan.
In
4,406,100
$5,403,653
reported.. 171,155,387
Total week
our
1878.
.
$1,002,553
Dry Goods
$710,661
4,635,066
1880.
1879.
$881,203
$1,837,968
.
7,350,231
4,085,407
$5,375,727
$4,966,610
$9,188,199
143,347,100 153,542,633 255,893,580
l.$176,594,040 $148,722,827 $158,509,243 $265,081,779
report of the dry goods trade will be
found the imports
dry goods for one week later.
The following is a statement of the exports (exclusive of
commencement of the season, it is estimated that the follow¬
specie) from the port of New York to foreign ports for the
ing quantities of wheat and flour have been placed upon the week ending July 5 :
British markets since harvest. The visible supply in the United
EXPORTS FROM NEW YORK FOR THE WEEK.
1880.
1877.
1878.
1879.
States is also given:
For the week....
$5,022,895
$5,765,521
$5,646,576
$9,447,246
Prev. reported... 133,915,535
171,397,075 158,253,368 195,597,430
1879-80.
1878-9.
1877-8.
1876-7.
Imports of wheat.cwt.47,893.199
Imports of flour
8,423,504
39,062,036
7,353,347
46,744,780
7,060,355
home-grown
produce
....21,884,000
34,163,835
5,685,544
85,332,550
30,173,600
31,942,000
85,747,983
83,978,735
71,791,375
Sales
of
'
Total
Deduct
exports
wheat and flour
78,200,703
or
Result
*
1,245,486
1,540,555
1,486,347
779,973
76,955,217
84,207,428
82,492,388
71,020,406
46s. 7d.
40s. Gd.
51s. Od.
52s. 8 d.
13,892,032
5,352,467
port
parison of the total since Jan. 1, 1880, with the
totals for several previous years:
July.
Liverpool
corresponding
Mex. silv. dola.
i$19,537 silver and $——- gold)
Previously reported ($2,639,081 silv. and $2,088,887
Total for the week
Visible supply of wheat
in the U. 8
bush. 18,000,000
l.$133,988,430 $177,162,596 $163,899,944 $205,044,676
The following will show the exports of specie from the
of New York for the week ending July 3, and also^t com¬
Total s'ce Jan.
3—Str. Celtic
Av’ge price of English
wheat for the season.
of
Tot. sinoe Jan. 1, '80
gold).
($2,658,618 silv. and $2,088,887 gold)
..
..
$19,537
$19,537
4,727,968
$4,747,595
1232———SSStttrrr...
•
The imports of
been as follows:
$48,403,898
1871
1870
1869
1868
$55,105,034
1875
1874
1873
1872
31,677,701
31,829,235
44,145,611
20,925,833
16,450,180
55,425,178
specie at this port for the same periods have
June.
gold coin..
Am. silv. coin..
Am. gold coin..
$200
320
200
1,338
44,332
4,308
For. gold coin..
2,415
..,U. S. of Colombia... Am. silv. coin..
Am. gold coin..
28—Str. Ailsa
29—Str. Acapulco
...
Am.
West Indies
July.
Am. silv. coin..
gold coin..
British West Indies. For. gold coin..
1—Str. A1 vo
C. of Vera Cruz..Cuba
Am. gold com..
Mexico
Am. silv.coin..
Porto Rico
1—Str. Etna
Am.
,
Am. gold coin..
For. silv. coin..
For. gold coin..
Andes
49,970
328
318
U. S. of Colombia ...Am. silv. coin..
Gold dust
600
gold coin..
gold coin..
300
338
Am. silv. coin..
2,771
Am.
For.
Venezuela
2—Str. Augustus
gold coin..
gold coin..
C. of New York. .Mexico
.Am. silv. coin..
Bermuda
British West Indies.For. gold coin..
3—Str. Hadji
Porto Rico
Am. silv. coin..
U. S. of Colombia... Am. gold coin..
3,700
England
$54,018 gold)
Previously reported ($2,780,555 silv. and $1,813,128 gold)
Total for the week C$135,947 silver and
1,445
1,400
4,500
4,380
c
..
$189,965
4,593,633
Tot. since Jan. 1, ’80 ($2,916,502 silv. and $1,867,146 gold) ..$4,783,648
Same time inSame time in—
Same time in1879
$3,233,600
$5,534,470 1875
$7,386,161 1871
7,281,647
1878
2,659,803 1870
13,140,646 1874
9,747,700
1877
2,758,969 1869
7,434,873 1873
4,008,253
1876
2,331,867 1872
2,733,748 1868
The following table shows the receipts and payments at the
Sub-Treasury in this city, as well as the balances in the same,
for each day of the past week:
Balances.
Receipts.
Payments.
$
$
2,095,612 73
85,423,000 53
$
July
“
944,341 24
3...
Holiday
5...
6...
7...
8...
9...
“
“
“
“
1,478,220 80
Total
Gold.
..
1,246,090 77
1,185,569 94
1,492,388 54
2,272,961
1,366,304
1,076,625
2.344,127
6,346,611 29
9,155,631 25
U. S. Legal Tenders
and
28
60
60
04
Currency.
$
6,833,998 53
'
'
*6,935*867
84,526,394 *93
84,452,337 57
84,481,975 96
83,909,372 80
65
6,889,711 18
6,969,016 29
6,689,880 95
Retire National Bank Circular
tion since June 20,1874.
To retire
Redempt’n Circulat’n
of Notes of
under Act
Liquidat - of J’ne 20,
National Bank Notes.—From the
May 31.
$3,107,600
June 30.
$2,917,300
3,396,200
3,980,300
362,715,050 361,652,050
14,727,000
14,777,000
Legal-Tender Notes.—
Deposited in Treasury under act
Legal Ten¬
ders
on
deposit
Total
Deposits.
with U. a
Treasurer
at date.
ing Banks 1874.
$
1.461.180
Maine
N.
631,865
Hampshire
Vermont...
1,798,310
Massachusetts 20,567.260
Rhode Island.
Connecticut:.
Now York...
New Jersey...
1,746,820
Georgia
....
..
Florida
Alabama
1,285,110
Arkansas
144,000
3,760,130
647,170
767,260
Tennessee
Missouri
!
Ohio
Indiana
Illinois
....
2.818.180
3,238,880
2,543,215
2.039,410
Michigan
Wisconsin
Iowa
Minnesota
Kansas
NebravSka
Nevada
Utah
Montana
166,606
1,646,380
458,060
1,812,980
880,724
1.822.879
1,050,245
1,140,785
953,380
725,400
31,6*85
422,664
915,369
731,060
128,200
735,530
1,474,900
1,017,800
147.600
67,500
....
....
907,510
319,185
1,012,585
953,380
437,675
*
139,500
2,099,250
229,340
29,800
'
629,867
370,401
998,510
1,583,754
1,232,097
1,754,934
364,500
653,860
811,669
420,095
781,721
45,000
144,000
1,504,933
533,859
3,742,390
3,077,887
6,343,483
6,447,946
2,375,995
1,013,439
1,554,955
1,676,445
190,550
233,080
106*763
259,140
144,000
2,134,800
904,260
4,740,900
4,661,641
7,575,580
8.202.880
2,740,495
1,667,299
2,366,624
2,096,540
972,271
278,080
19,705
’
‘
’
507,300
134,900
129.600
....
Wyoming
Washington
..
138,083
161,191
85,300
149*400
*2*87,483
196,800
45,000
357,991
130,300
..
1,400
392,272
179,136
783,404
987,727
2,161,819
945,803
599,797
437,150
409,423
603,280
239,551
47,015
2,008
*24,432
18,272
43,338
175.500
657,000
....
3,813,675
*Legal tenders
119,782,387
89,889,395 18,036,708 82,775,604
Totals
366
162,413
3,600
135,000
90,000
..
New Mexico.
Dakota
California
tTotal deposits,
remaining at that date.
$104,625,987.
St. Joseph &
was
*229,500
2,*7*56*606
'
....
58,735
273,446
143,820
156,819
26,485
84,810
’
’90,000
‘650,756
278,100
Kentucky
Colorado
1,512,044
287,725
.
Louisiana
Texas
6,186,705
362,364
8,065,747
*
45,000
207,000
Mississippi..
1,599,021
243,082
575,776
'
456.500
800.500
1.77,310
1,235,660
90,700
520,350
206,13$
34,607
115,778
6,784,321
1,281,426
....
Virginia
$
$
$
$
917,000
600,000
317,000
128,797
55,800
72,997
174,097 1,069,340 1,243,437
234,800 7,912,300 8,147,100
987,335
954,985
32.350
65.350 1,956,330 2,021,680
2,163,878 24,447,221 26,611,099
241,660 1,562,280 1,803,940
^Deposited prior to June 20, 1874, and
Comptroller of the Currency, Hon. John Jay Knox, we have the
following statement of the currency movements and Treasury
balances for three months past:
JJ. S. Bonds held as security Jor
National Banks.—
April 30.
Bonds for circulation deposited... $3,319,100
Bonds for circulation withdrawn.
3,971,500
Total held for circulation
363,003,650
Bonds held as security for deposits 14,742,000
1874.
West Virginia.
N’rth Carolina
S'th Carolina.
10,200
For. gold coin..
Am. silv. coin.,
States and
Territories.
500
700
Am. silv. coin..
Gold dust
Additional
Circulate
issued s’ce
June
20,
Dist. Columbia
25,205
3—Str. Donau
Legal-Tender Notes Deposited to
2,190
.Dutch West Indies. .Am. silv. coin. 1
South America
date.
1,200
400
1,701
For. silv. coin..
Am. gold ooin..
For. gold coin..
3—Brig Emma Dean
Treasury to retire National Bank circulation, from June 20,1874,
to July 1, 1880, and amount remaining on deposit at latter
2,495,360
20,768,105
1,712,665
Pennsylvania 10,870,040
Delaware
232,275
1,274,810
Maryland
13,191
Am.
Dutoh West Indies.. Am.
3—Str. C. of Para
3—Str. Crescent City
842
375
1,095
1,900
3,683
3,620
of the Currency, showing by
States the amount of National Bank circulation issued, and the
amount of Legal Tender notes deposited in the United States
„
...IL 8. of Colombia...Am. silv. coin..
30—Str; Atlios
Statement of the Comptroller
Same time in-
Same time in-
Same time in1879
$11,194,094
1878
8,734.376
1877
21.084,265
1876
31,509,012
37
CHRONICLE.
THE
1880.J
July 10,
Western.—A cash dividend of 12^ per cent
payable to the
recently declared by ,the land department
holders of land
scrip.
—In the notice, last week, in which Messrs. Levy & Borg
called attention to Memphis & Little Ro^k Railroad Company’s
first mortgage bonds, due in 1007, it should have been said that
interest was 4 per cent for two years and 8 per cent for twentyfive years.
buying
quite
rapidly
the
mortgage
of
the
Nevada
Central
first
bonds
Liquidating banks
19,126,740 19,521,723 19,782,387
Railway, and they consider these bonds cheap at the present
Total entered under aot of Jan. 14,
1875
35,318,984 35,318,984 35,318,984 figure, viz.: 97/£ and acrued interest.
Total amount of greenbacks out¬
—Dividend No. 57 has been declared for the month of June (50
standing
346,681,016 346,681,016 346,681,016
National Bank Oirculation—
cents per share) by the Ontario Silver Mining Company, paya¬
Hew circulation issued
1,316,880
626,100
463,610 ble at Wells,
Fargo & Co.’s, 65 Broadway, on the 15th.
Oiroulation retired
696,537
369,157
1,141,916
of June 20,1874
Total now on deposit,
Total notes
1,049,380
798,000
1,375,190
—Messrs. Hatch & Foote inform us that investors are
including
OutstandingCurrency. 343,579,300 343,836,243 343,157,937
Gold
1,351,350
1,347,490
1,347,490
Notes rec’vd for redem’n from—
New York
Boston
Philadelphia
,
Miscellaneous
Total
4,461,000
1,673,000
4,675,000
“ 553,000
378,000
1,948,000
$4,006,000
$7,554,000
$7,809,000
1,761,000
246,000
326,000
BANKING AND FINANCIAL.
735,000
439,000
2,174,000
FISK
BANKERS
AND
increase
or
decrease:
20,1874
Amount outstanding January 14, 1875
Amount outstanding May 31,1878
Amount outstanding at date*
Deorease during the last month
Inorease since July 1,1879..
Legal Tender Notes—
Amount outstanding Juno 20, 1874.
Amount outstanding January 14, 1875
Amount retired under act of Jan. 14, 1875, to May 31, '78
Amount outstanding on and since May 31, 1878
Amount on deposit with the U. S. Treasurer to redeem
notes of insolvent and liquidating banks, and banks
retiring circulation under Act of June 20, 1874
Inorease in
Inorease in
*
deposit during the last month
deposit since July 1,1879.
Circulation
$1,347,490.
of national
$349,894,182
351,861,450
322,555,965
343,157,937
678,306
14,933,740
$382,000,000
382,000,000
35,318,984
346,681,016
260,664
7,646,689
gold banks, not inoluded in the above,
IN GOVERNMENT
BONDS,
estment Seourities,
Buy and sell all issues of Government Bonds,
York.
in large or small amounts,
prices, and will be pleased to furnish information in
reference to all matters connected with investments in Government
at current market
Bonds.
prepared to give information in regard to
first-class Railway
Securities and to execute orders for the same.
Buy and sell all marketable Stocks and Bonds on commission, at the
Exchange or in the open market.
Receive accounts of Banks, Bankers, Merchants and others, and allow
Stock
daily balances; and for those keeping accounts with us we
and registered interest, and other coupons, divi¬
dends, &c., and credit without charge.
We give special attention to orders from Banks, Bankers, Institu¬
tions and investors out of the city, by mail or Telegraph* to buy or
interest
on
collect U. S. coupons
sell Government
19,782,387
HATCH,
No. 5 Nassau Street, New
We are
National Bank Notes—
Amount outstanding June
DEALERS
And other desirable In*
Statement of the
Comptroller of the Currency on July 1,
1880, showing the amounts of National Bank notes and of Legal
Tender notes outstanding at the dates of the passage of the
Acte of June 20, 1874, .January 14, 1875, and May 31, 1878,
together with the amounts outstanding at date, and the
Sc
Bonds* State and Railroad
Bonds* Baak
Stocks, Railroad Stocks* and other securities.
We have issued the Seventh Edition of “Memoranda Concerning
Government Bonds," oopies of whioh can he had on application.
FISK & HATCH,
THE CHRONICLE.
38
United States Ronds.—The
onty feature of special interest
in the Government bond market this week was tlie discontinu¬
ance of purchases by the Treasury, on account of the lack of
%\it £kwkersr OkiAcltc.
NATIONAL
BANKS
surplus revenues applicable to such purchases. It is believed,
however, that the policy of Secretary Sherman will be to
resume the purchase of bonds again in the Fall, when the money
market will be more active—and then, too, there is the first
Tuesday in November, which should not be forgotten this year.
The four per cents of 1907 close at 108% bid.
The closing prices at the New York Board have been as fol¬
ORGANIZED.
2,486—Tlie Milmo National Bank of Laredo, Texas. Authorized capital,
$100,000; paid-in capital, $100,000. Eugeue Kelly, President;
Daniel Milmo, Cashier.
Authorized to commence business
July 1, 1880.
DIVIDENDS.
The following dividends have recently been
announced:
lows
Name of
Per
Cent.
Company.
[VOL. XXXI.
When
Books Closed.
Payable.
(Days inclusive.)
:
Railroads.
$2
Atcli. Topeka & Saute Fe (quar. ..
Camden <fc Burlington County..)..
Central Pacific
Dayton & Midi., guar, (quar.)
Denver South Park & Pacific.'.
Little Schuylkill Nav
Louisville & Nashville
Mine Hill & Schuylkill Haven
Panama HR. (quar.)
Terre Haute «fe Indianapolis
Winchester & Potomac
J
American
3
3
2
4
3*2
5
3*2
4
4
3
Aug. 16 July 25 to Aug., 2.
Aug. 15
1
Ou dem. July
to
July 9.
Aug. 15
July 12
Aug. 2 July 21 to Aug. 5.
July 16 July 7 to July 16.
Aug. 2 July 21 to Aug. 2,
On
5
10
5
Citizens’
CHutou Fire,
Continental
German-American
3*2
5
4
Great Western
Firemen’s
,
Globe Fire .:
312
5
5
4
4
5
10
5
5
Importers’ & Traders’
Irving
Lorillard
New York Equitable ...
Pacific Fire
Tradesmen’s Fire
United States Fire...
dem.
reg.
.
On dem.
Ou dem.
On dem.
Ou dem.
On dem.
*
July 19 Julj' 9 to July 18.
Ou dem.
Ou dem.
On deni.
On dem.
On dem.
5.
&
<fc
&
&
*101%
*101%
*104
*104
*103*21
*10978
This is the price bid: no
sale
was
Lowest.
1880-5 P. M.
Market and Financial Situation.—The mar¬
kets have been rather quiet, as usual in Fourth of July week.
There have been some reports of damage to the wheat crop in
the Northwest, which have been made the grounds of an attack
on the stocks of the two railroads most directly affected, with
the result of forcing a decline of two or three per cent. There
is not much confidence, however, in the reports of damage to
The Money
.
6s, 1880
cp.
6s, 1881
cp.
5s, 1881. .-..cp.
4%s, 1891..cp.
4s, 1907
cp.
6s,cur’ncy.reg.
July
July
/
8.
9.
.
*101 34 *101%
*101%
*104*8
*104*8
*10230
*101*8
*101% *101*8
*104
*104
*1037s
1037b
*102% *102*8
103*8 *103% *10338
110
*10978 *10978 *109 78
*1097g 10978 *1097e *10978
10838 *108% 1083e 108%
108% 108% 108% 108*e
*124
*123
*125*2 *124
*123
*125
126
*124*2
cj
^
O
K
....
....
*127
*125% *123
*126
*123
*125
*123
*126
*127
*125*2
made at the Board.
since January 1, 1880, and the amount
outstanding July 1, 1880, were as fol¬
Highest.
102 % Jan. 13 10478 May
103 7s July
9 107ie May
20
26
5 1041s Apr. 2S
2 110*8 May 29
Jan.
2 109 78 June 7
Apr. 21 1261? Feb. 17
102% May
10638 Jan.
103
125
July
6.
*103*8
Range since Jan. 1, 1880.
*
July
*1.01%
*101%
*104*8
*104*8
10238
Q.-Feb. *102%
The range in prices
of each class of bonds
lows :
July 12
J.
J.
J.
J.
Q.-Feb.
reg. Q.-Mar.
Q.-Mar.
reg. Q.-Jaii.
coup. Q.-Jan.
1895..reg. J. & J.
1896..reg. J. & J.
On dem.
On dem.
On dem.
FRIDAY, JULY 9,
July
3.
*10978
4*28, 1891
1083b
4s, 1907..
*108%
4s, 1907..
*124%
6s, cur’cy,
*125%
6s, cur’cy,
6s, cur’cy, 1897..reg. J. & J. *125%
6s, cur’cy, 1898..reg. J. & J. *126
6s, cur’cy, 1899.. reg. J. & J. *126
ii mi ra nee.
Exchange Fire
July
reg. J.
J.
reg. J.
J.
6s, 1880..
6a, 1880..
6s, 1881..
6s, 1881..
5s, 1881..
5s, 1881..
4*28, 1891
On (1cm.
Interest
Periods.
Amount July 1, 1880.
Registered.
Coupon.
$12,669,000
$2,909,000
165,023,050
294,586,500
171,107,350
527,707,950
54,436,900
190,278,400
78,892,650
210,272,850
64,623,512
Closing prices of securities in London for three weeks past
since January 1, 1880,were as follows:
and
the range
Range since Jan. 1, 1880.
The great pressure of
June July July
Lowest.
2.
9.
25.
Highest.
grain coming forward from the West, even at the much lower
range of prices lately ruling, has been accepted as good evi¬
105% 1061s 1057s 10412 Apr. 15 10678 Jan. 12
6. 5s of 1881
dence that holders there thought it best to sell; and their judg¬ U.
July 1
112i4 112 78 H278 1097b Jail. 2 113
U. S. 4%s of 1891
ment as to what the present crop is likely to turn out is sup¬ U. 8. 4s of 1907
11038 11078 1107s 106% Jan. 2 Hiss May 31
posed to be better than that of parties in New York or London.
State and Railroad Ronds.—State bonds have
not been
The business on the Erie Canal this year and last, and the Lake
all
at
active.
The
meetings
of
readjusters
the
in Virginia,
and Canal rates in June for a series of years (the railroad rates
being proportionately higher in 1880), are given as follows. under the leadership of General Malione, is an unfavorable
The business of the canal at Buffalo from the opening to J une point in that direction.* The North Carolina new 4 per cents,
30 was as follows :
lately admitted to the New York Stock Exchange list, are
Ino.
1879.
1880.
quoted to-day at 73% bid.
Number of boats cleared
1,723
1,695
3,418
Bailroad bonds are moderately active on investment pur¬
Tolls received
$137,916
$104,607
..$242,523
chases, but the speculative bonds have been lower, in sympathy
The Buffalo Commercial Advertiser gives the average freight- with the stock market.
rates per bushel from Chicago to New York, by lake and canal,
Messrs. A. H. Muller & Son sold the following at auction:
on wheat and corn for the month of June, in the years named,
Bonds.
Shares.
the
grain crops about this time of year.
•
follows:
as
Lake.—*
Wheat. Corn.
Cts.
Cts.
1871
5-7
5*3
1872
8-3
73
1873
6 5
5-8
3-9
1874.. 42
1875
3 0
26
,
..
..
,
..
..
Canal.
Wheat. Corn.
Cts.
Cts.
10-1
9-1
121
11-1
106
9 5
11-3
10-3
69
6-3
/
s
Lake.—,
Wheat. Corn.
Cts.
Cts.
23
1876
2-5
1-9
1877.. 2*4
1-8
1878
2'1
1-8
1879.. 2*1
6-6
1880.. 7-1
,
..
..
62
5 0
4-7
41
69
5*4
4-3
41
3*6
6-4
20 Hamilton Fire Ins
100 Second Av. RR
Bonds.
135%
65
$16,000 Union Coal Co. 7s. ..107
$1,000 Mt. Carbon Coal RR.
1st mort.bond, coupons at¬
tached from May 1, 1872,
for
$34
Railroad and Miscellaneous Stocks.—The
week has been
business
to some extent by the national holiday, and
has been reduced in consequence.
The stock market has shown
rather a weak tone the past few days, which may be attributed
broken up
decidedly important,
line managers, in part to the absence of many operators from the city. It is
is reported that probable, too, that this half-holiday week has been taken as a
the trunk line arbitrators will offer to allow the following good time to attack the granger stocks on the strength of bad
apportionment of East-bound business: Michigan Central, 26 crop reports telegraphed from the West. Certainly, the general
percent; Lake Shore, 25; Fort Wayne, 24; Pittsburg Cincin¬ situation appears rather strong, and the reports of railroad
nati & St. Louis, 10; Baltimore & Ohio, 8; and Chicago & earnings for June, and for the first half of this year, reported
Grand Trunk, 7. The Grand Trunk refused 7 per cent before, at length on another page, make an exhibit of increase
and it is more than likely that a compromise may be made by over the preceding year which has not heretofore been
matched. The report of Reading affairs received from London
allowing that road 10 to 15 per cent.
The money market has been extremely easy, and the current (and it seems absurd that Philadelphia should wait to get a
quotations for call loans is 2@3 per cent, according to the Reading-report from London) is quite unsatisfactory in one
collaterals. Prime commercial paper is quoted at 4@5 per cent. particular, namely, that the floating debt should have increased
The Bank of England weekly statement on Thursday showed $3,604,000 between Dec. 1 and April 1. This can but make the
holders of stock and bonds more anxious to have a full state¬
a decrease of £207,000 in specie, but the percentage of reserve
to liabilities was up to 50 3-16 per cent, against 44% per cent ment from the receivers. In matters bearing upon the prifees
of particular stocks the week has been rather bare of develop¬
last week. The discount rate remains at 2% per cent.
The last statement of the New York City Clearing House ments, and the record of daily prices below furnishes nearly
banks, issued July 3, showed a decrease of $1,399,575 in the everything of interest. The directors of the Cleveland Colum¬
legal reserve, the total surplus being $16,083,625, against bus Cincinnati & Indianapolis railroad have voted to pay no
dividend in August. The following is the comparative state¬
$17,483,200 the previous week.
The following table shows the changes from the previous week ment of the earnings, including the leased line—the Cincinnati
& Springfield Road:
and a comparison with the two preceding years.
Gross earnings for the first six months of 1880
$2,315*000
1880.
Differ’nces fr’m
1879.
1878.
Expenses, taxes and interest
2,226,271
previous week.
July 3.
July 5.
July 6.
Net surplus June 30, 1880
$88,729
Loans and dis. $291,784,300 Inc .$5,879,200 $257,082,500 $236,516,000
$1,809,919
66,168.600 Inc.
Specie
958,500
19.889.600
20,420,000 Gross earnings for the first six months of 1879
1,969,440
Circulation
19,572.000 Dec.
48,000
20,542,900
19,823,900 Expenses, taxes and interest.
Net deposits
283,078.300 lac. 5,307,500 236,007,300 213,816,700
Deficit June 30,1879
.!
$159,521
Legal tenders.
20,684,600 Dec. 1,031,200
49.544.600
53,606,300
Showing net gain in operating for the first six months of
Legal reserve. $70,769,575 Inc .$1,326,875 $59,001,825 $53,454,175
1880 over 1879 of......
$248,250
Reserve held.
86,853,200 Dec.
69,434,200
72,700
74,026,300
The New York Central & Hudson detailed statement of
Surplus
$16,OS3,625 Dec.$l,399.575 $10,432,375 $20,572,125 earnings during the month of June is as follows :
These
figures have
an
indirect, but
a
on the meeting of the Eastern trunk
which is to be held at Saratoga July 20. It
bearing
.
Canal.
Wheat. Corn.
Cts.
Cts.
-
*
..
.
THE CHRONICLE.
July 10, 1880. J
Passengers
Freight
Miscellaneous.
Monday,
July 5.
71
41% 41%
59
59%
66* 67*
74% 74%
110
pref.
....
29
1
IS
67%i
16% |
....
77%;
|
66
Do
93*
18
34* 35*
105% 05*
Do
Do
pref.
1st prf.
St.P.&SiouxC.
16%
45% 46%
St.L.A S.Fran. *33
»
1
60%
*10%
*21
20% *17%
52
28
45"
49% 51
15%
15%
15% 15%
40
46%
45% 45%
34
....
45% 45%
78
-
41
71
18
25
21%
110
110
110* 110*
120
1230% 120% 120
74
!'4% 77% 73
74%
102 '104
102% 103
...
45
....
128* 127% 121%
40% 38% 40%
66
651 67
27% 2G* 27%
25* 25% 25%
48
4C 46*
10%
*1%
31*
32
31
71
71
72
39%
89%
128% 128% 129% 127%
40% 41% 89
42
08% 60% 67% 65%
28* 27% 28* 20%
26% 25
26* 20
48% 48* 46*
49
19%
18% 19
33% 32% 33% 31%
73
73% 72% 72% 71%
39% 40% 39% 40
38*
39% 39%
15%
18
25
«
128%
41%
07%
28%
26*
48*
18%
32%
pref.
Panama
Phil. ARead’g
St.L. A. A; T.H
Do
pref.
St.L.I.M. & So.
-
05
71
....
61
Nash.Ch.&StL 61
NewCent.Coal
N.Y.C.&H.K 127* 128%
N.Y.L.E.4W. 40% 41%
Do
67%
pref. 66
N.Y.Ont. * W
28% 28*
27
Northern Pac. -26%
Do
pref. *48% 48*
Ohio Central.. 19% 19%
Ohio* Miss... 32% 32%
Pacific Mail...
40%
05%
65% 67% 03% 65% 04
16
16% 15% 15* 15% 15*
74* 73* 74%
75% 70
75% 75* 74
77
77% 76
77% 78% 77% 77%, 76
33
32
33
31% 31*
33% 33%
93%
71
72
71%
78% 71
f72% 73% *72
60
05%
05
105
104% 05%
105% 106
26% 26%
28% 27% 28
28* 28* 2s
xl04 104% 103% 104% 101*103% 101
102*
123
123
123
124% 123 124
32% 32ii 31% 32% 80% 31% 30* 3L
8
8
8%
8*
5** *5
4%
5
80% 80%
x88% 89% 88% 89% 87% 88
18
18%
18% 18% *17% 19% 17% 18
35%
35% 34
35* 36% 35% 35* 34
105
106% 106% 105% 105% 105* 105* 105
59
01
01
*58
61
60%
Lake Shore.... *107 108*
Louisv.&Naah *122 125
Manhattan
32* 33%
Mar.&C.lst pf.
Do
2d prf.
Mobile* Ohio.
Mo.Kans.&T.
Mor.* Essex..
57
13
52"
53* 54
65
66%
16* 16*
Illinois Cent.. 106
106
Lake Erie&W. 28% 28%
Mich.Central, T92%
57
28
33
72* 73
Hous.&Tex.C.
40%
*10
16* 16*
24% 24%
18
+110
40%
65% 00*
72% 72%
66% 67%
210
8.
121% 121% 120% 120%
78
79
77% 78
104% 104*
9i% 87% 91% 87% 88%
»lfci 02% oi"
108* 109 *108% 109 108 108% 107% 107%
xl05% 05% L05* 105* 103% 105% 108% 103%
09
Chlc.&N. W.. 01
Do
pref 108* 108*
C.R.I.&P.new +106% 06%
Cb.St.L.&N.O ”'28
Chic.St.P.&M.
Clev.C.C.&I. 65%
16
Col.Chic.&I.C
Del.&H.Canal *74%
Del.Lack.&W
76*
Han.&St. Jo.. 32*
59" 59'
18%
27%
Chic.M.&St.P. 77* 78*
Do
pref. 104* 104*
r
Ala.Gt. Southern.May
Albany A Susq ..May
Atch.Ton.&S.Fe.Jime
Atl. & Char.Air-L. April
Atl. A Gt. West.... May
Atl. Miss. & Ohio.May
45% 45%
73
45%
^38% 180%
1*5"
15% 14%
151
35
45%
*70
87$
37
65%
*
j
These are the prices bid and asked; no »ale was made at
+ A sale was made ex-div. at 105%.
t Sales were also made e*-dlv. at 103^
T A sale was also made ex-div. at
the Board.
leading stocks for the week ending Thursday,
in prices for the year 1879 and from Jan. 1, 1880,
and the range
to date, were as follows:
Raime for
! Yearl879
Range since Jan. 1, 1880.
Week,
Canada Southern....
Central of N. J..
2,130
54,835
Chicago & Alton...
Chic. Burl. & Quincy
473
..
Chic. Mil. & St.P....
Do
do pref.
Chic. & Nortliw
Do
do
pref
*Chic. Rock T: & Pac¬
ed. Chic.& Ind.Cent.
Del. A Hudson Cana!
Del. Lack. A Western
Hannibal A St. Jo...
Do
do pref.
Illinois Central
Lake Erie 4k Western
Lake Shore
Louisville A Nasliv..
Manhattan
Michigan Central....
Missouri Kan. & Tex.
Morris & Essex
.■>.
Nashv. Chatt. A St. L.
N.Y. Cent.&Hud.Riv
N.Y. Lake E. A West.
Do
do pref.
Northern Pacific
....
Do
pref.
Ohio A Mississippi..
Pacific Mall
Panama
Phila. A Reading
St.L.Iron Mt. ASouth.
St. L.A 8an Francisco
Do
pref.
Do
1st pref.
Onion Pacific
Wab. St. L. & Pacific
do pref.
Do
Western Union Tel..
..
Lowest.
40
45
1,939
141,540
1,200
28,636
859
104
*
June
543
1,800
55,720
600
18,800
4,422
19,950
575
900
2,663
1,950
12,635
16,650
Feb.
100
500
115
7,586
6,030
16,*/10
37,750
10
11
11
25
25
25
25
99% Jan.
2
20% May 11
95
June
86% Jan.
24
75
May
May
28% May
100
May
47% Juiie
2
8
18
17
25
24
1
74% Jan. 14 1 45% 78%
90% Mar. 8 ! 33% 89%
116
Mar. 29 ! 75
100%
152
Jan. 26 111% 134%
85% Mar. 27 34% 82%
107% Mar. 29 74% 102%
97
Mar. 31 49% 94%
110% Mar. 23 76% 108
204
June 8 119
150%
5
28
25% Jan. 26
89%
86% Mar. 30 38
94
94% Mar. 22 43
42% Feb. 24 13% 41%
76
Feb. 24 34
70%
110
Mar. 31 79% 100%
28%
38% Mar. 4. 116
108
111% Mar. 4j 67
89%
164% Apr.
2.1 35
72%
57% Mar. 16,‘ 35
96% Juno 28 73% 98
5% 35%
49% Jan. 27
110% Feb. 28 75% 104%
128
Mar.
35% 83
5
May 11 137
1
48%
47
May 25 73%
20
May 11 36
39% May 24 60
23
May 25 44%
27% May 17 62
168
14,600
9,125
2
66% May 25
May 10
87% July 9
9,140 122
30
203,918
8,450
2
99
3,175 100% June
9% May
3.800
60
3,000
May
68% May
58,470
2,475
22% May
63% May
1.800
June
Jan.
! Low. High
Highest.
May 1/
May 25
99% Jan.
113
52,916
349,010
52,816
317,143
131,407
130,979
48,427
7,121
30,874
4,179
23,511
23,587
DubuqueAS.City.4th wk J’ne
Eastern
May
Flint A Pere Mar.4th wk J’ne
Gal. Har. A San A. April
GrandTrunk.Wk.end.J’ne26
Gr’t Western. Wk. end. J’ne 25
Hannibal & St. Jo. 4tli wk J’ne
Houst. & Texas C.May
IllinoisCen. (Ill.).June
Do
(Iowa). June
Indiana Bl. & W..4tliwkJ’ne
Ind. Dec. & Spi\.June
Int. & Gt. North.. 4t.h wk J’ne
K. C. Ft. S.& Gulf. 3d wkjune
36,244
13,056
197,048
2 190
13% July 2
34% May 25
25% May 11
72%
66
48
33
60
May
May
80
May
26% May
51% May
Mar. 31 112
Feb.
Feb.
2
21%
37%
139
49
2
78%
Jan. 14 116
40%
Jan. 13 ; 44% 65
7% 33%
Mar. 6
Mar.
8 10% 39%
182
Apr. 13 123
Jan. 3
Feb. 17
Feb.
2
Mar. 8
Mar. 9
Jan. 19
Jan. 27
Jan. 27
11 60%
11 83%
11 97%
25 48
25 72%
86% June 2 116% Feb. 24
The latest railroad earnings and the totals from
latest dates are given below. The statement includes
earnings of all railroads from which returns
can
161.346
191.731
3,184,255
1,256,425
3,401,889
6,714,248
201,225
60 days bills
at 4 86^.
the
gross
151,349
8,390,313
28,208
693,547
550,742
10,582
351,488
270,639
532.732
5.447,000
91,372
71,543
223,903
20,738
15,847
203,840
18,819
20,536
16,555
227,415
35,933
306,531
405,600
1,847,736
198,123
482,947
1,124,148
940,789
505,518
442,083
1,091,321
743.114
16,681
77,094
7,975
92,274
23,137
44,354
21,249
1,469,257
170,774
468,223
180,309
428,H91
418,862
901,391
518,209
85,412
95,264
204,481
96,942
54,163
460.171
120,407
4,761,304
2,287,606
1,132,826
1,265,504
2,800,194
754,100
18,444
569,704
150,822
76,464
29,626
165*551
188,120
521,277
122,230
25,694
36,720
26,827
15,717
7,737
48,278
14,690
73,664
7,958
67,162
25,541
139,524
37,238
33,662
17,403
35,870
5,113
3,146
699,442
523,150
68 i] 293
356,475
317,090
193,144
170,218
106,441
3,895,795
284,334
2,628.755
1,980,761
1,242,807
856,579
732,840
155,831
13,157,968
5,034,099
2,022,823 15,742,478
1,372,755 5,836,708
48,784
893,059
1,038,876
2,528,460
709,936
880,550
273,746
198,744
1,967,552
506.869
1,003,158
128,089
317,568
4,615,221
184,723
1,796,597
1,519,213
910,031
709,242
148,975
118,622
67,892
16,212,595 13,023,248
167,412.
1,443,774 1,142,539
3,836,720 2,876,222
167,593
214,917
161,882
88,015
688,913
620,083
297,860
2,620,332
1,116,963
206,147
503,591
400.247
247,766
1,929,094
519,854
151,529
1,316,859
603,709
134,744
450,613
660,636
574,266
124.079
5,313,8*58 3,6*39,736
Cable transfers are done
and 4 86% for demand.
'
exchange the following were rates on New York
to-day : Savannah, buying
selling % premium; Charleston, buying Ys premium, selling %
premium; New Orleans commercial, 100 premium, bank
250 premium; St. Louis, par;
Chicago, 25 discount, and
In domestic
at the undermentioned cities
Boston par.
Quotations for foreign exchange are as
follows
Prime bankers’ sterling bills on Loudon.
Good bankers’ and prime commercial...
Good commercial
Documentary commercial
Antwerp (francs)
Swiss (francs)
Amsterdam (guilders)
4
4
4
4
5
5
5
Berlin
93%®
Sovereigns
are
$4 83
3 83
®$4 88
® 3 87
® 4 78
3 96
® 4 00
Span’hDoubloons.15 60
®15 80
Mex. Doubloons.. 15
Fine silver bars .. 1
Fine gold bars
Dimes A % dimes.
—
94% ®
94%®
94 %®
94% ®
94%
94%
94%
94%
95
95
95
95
quotations in gold for various coins:
4 74
Guilders
®
4 84 ® 4 85
5 21%® 5 20%
5 21%®5 20%
5 21%@5 20%
40
®
40%
®4 82%
®5 22%
®5 22%
®5 22%
39%® 39%
82
25
25
25
Bremen
(reichmarks)
(reichmarks)
®4 87%
85%®4 86
4 86
4
82%®4 83
93 %®
93 %®
following
Demand.
84 ®4 85
83%®4 84
93%®
Hamburg (reichmarks)
Frankfort (reichmarks)
The
:
Sixty Days.
July 9.
^
be obtained
812.808
2,183,913
5,349,271
Exchange.—The trade movement has so changed in the past
month that if exports are kept up an importation of gold may
rather be expected in the autumn than any considerable ship¬
Our market for foreign exchange is dull and weak.
ments.
The actual rates for prime bankers’ sterling are about 4 84 for
X Reichmarks.
Jan. 1 to
250,310
1,583,137
613,239
653,824
100,793
179,645
7,855,408
300.113
2,036,869
768,750
982.346
388,193
4,035,159
6,960,332
6,882
Memphis. .2d wk June
3,594
Pennsylvania
May
3,417,916 2,708,695
Peoria Dec. A Ev. May
40,800
Philadel. A Erie..May
311,470 ,264,409
Phila. A Reading.March
1,457,322 1,041,142
Pitts. Titusv. A B.April
41,704
55,700
Ports.GtF.ACon. May
10,416
14,476
Rensselaer A Sar. May
141,392 130,308
St.L.Alt.AT.H.
4th wk J’ne
24,332
36,592
Do
7,390
(brehs). 4th wk J’ne
9,540
St.L. IrouMt.A S. June
365.300 281,921
25,413
St.L. A San Fran.4th wkJ’no
48,432
St.Paul A Duluth.May
50,002
57,715
St.P.Minn. A Man .2d wk June
60,015
22.20*4
8t. Paul A S.City..2d wkjune
22,656
5,045
Scioto Valley
4th wk J’ne
6,736
120,815
Texas A Pacific ..June
153,065
17,016
Tol.Peoria A War.4th wk J’ne
26,548
Union Pacific
June
1,936,000 1,283,000
Wab. St. L. A Pac.4tli wk J’ne 216,412
125,046
Napoleons
price here is for new stock, sold for first time June 11.
Range from Sept. 25. f Range from July 30.
1879.
$164,089
418,116
170,140
106,356
8,406
Kans.C.Law. A So.3d wk June
16,810
Lake ErieA West.June
112,565
Little Rk. A Ft. S. May
21,471
Louisv. A Nashv.4th wk J’ne 196,400
Minn. A St. Louis. 3d wkjune
19,708
Mo. Kan.ATexa8.4th wk J’ne
99,670
Mobile A Ohio.... 4th wk J’ne
35,330
Nashv. Ch.ASt.L.May
158,839
N. Y. A Canada ..May
53,4*3
N.Y. Cent. A Hud. June
2,653,477
N.Y. L. Erie A W. April
1,643,151
N.Y. AN. Engl’d.J’ne lto23 137,874
Northern Central. May
329,788
Northern Pacific .June...
261,269
1880.
$243,946
551,389
1,752,000 1,443,088
211,645
148,457
Chic.St.P.&Min. 4thwkJ’ne
Chic. & W. Mich..2d wkjune
Cin. Ham. & D...April
Cin. A Springf. .. 4th wk J’ne
Clev. Col. Cin. & 1.4th wk J’ne
Clev.Mt.V.& Del. 3d wkJune
Del. A H.Can.. Pa. Div.. May.
Denver A Rio Gr 1st wkjuly
Denv.S.P’kA Pac.May
Det. Lans. & No..2d wkjune
Lowest
410,000
Chicago & Alton .4th wk J’ne 157,359
97,206
Chic. Burl. & Q...May
1,619,227 1,171,303
Cliic.Cl.Dub.& M.4th wk Apr
16,883
8,175
Chic. & East. Ill..4th wk J’ne
21,877
16,219
Ohio. Mil. A St. P. 4th wk J’ne 290,000
234,918
Chic. A Northw..June
1,653,000 1,393,087
““
*
720,000
-Jan. 1 to latest date.-s
..
Total sales of
Shares.
$30,438
84,473
Pad. A
87% 88%
30% 37%
65% 00%
104% 105% 104% 105
Sales of
Carolina Central.May
Central Pacific...June
Ches. AOhio
June.
/■
$44,145
109,405
Pad.AElizabetht.2d wk June
2
2
37%
60%
Cairo & St. Louis.2d wk June
Ogd. A L. Champ. June
40" 40%
39% 40
Do
pref.
Sutro Tunnel.
87
Union Pacific. 86
Wab.St.L.&P. 30% 36%
Do
pref. 04% 65%
West. Un.Tel. 103% 104%
Bur,C.Rap.&No..4th wk J’ne
Friday,
July 0.
09
69
1st prf.
18
2d prf..
Chic. & Alton. 410% 11%
Chic Bur.& Q. 1.21% 121%
July
July 7.
July 6.
73
~*2\
18
Do
Do
;
24,289,115
630,654
3,555,359
Wednesd. Thursday,
Tuesday,
691*
41* 41*
57
57%
65* 66%
Chea.&Ohio.. *17%
Do
-—Latest earnings reported.—.
Week or Mo.
1880.
3879.
$2,653,477
$2,022,823
20,733,755
69
Atl.&Pac.Tel
Canada South
Cent, of N. J..
Cent. Pacific
-•4
340,255
!
The columns under the heading “ Jan. 1 to latest date” furnish
the gross earnings from Jan. 1 to, and including, the period
mentioned in the second column.
daily highest and lowest prices have been as follows:
Am. Dist. Tel
r.
371,321
5
Saturday.
July 3.
s:
1880
$538,662
1,774,559
.
Total...'.
Total from October 1
Gain for June
Gain for nine months
TLe
1879.
$464,497
1,187,004
39
55 ® 15 65
14%® 1 14%
par® % prern.
99 %® par.
Silver %s and %S.
Five francs
Mexican dollars..
Do uncomraercl.
English silver
....
Prus. 8ilv. thalers.
Trade dollars
New silver dollars
—
—
—
—
99 %®
92 ®
89%®
87 ®
4 75
—
—
—
68
99
par.
—
—
—
95
90%
88
® 4 82
®
®
99% ®
—
—
69
99%
par.
CHRONICLE.
THE
40
Banks.—The following
statement
Banks.
Capital. Loans and
Specie.
discounts.
$
2,000,000
2,060,000
2,000,000
2,000,000
1,200,000
3,000,000
Phoenix
1,000,000
1,000,000
City....?
Tradesmen’s
1,000,000
Fulton
600,000
Chemical
300,000
Meroh’nts’ Exch. 1,000,000
Gallatin Nation’l 1,000,000
Butchers’&Drov.
300,000
Mechanics’ & Tr.
200,000
New York
Manhattan Co...
Merchants
Mechanics’
Union
America
Greenwich
Leather Man’f’rs
Seventh Ward...
State of N. York.
American Exch..
Oommeroe
Broadway
Mercantile
Pacific
Bepublic
Chatham
People’s
North America..
Hanover
Irvin*?
Metropolitan
Citizens’
....
Net dept’s
Legal
other
Tenders. than U. S.
10,168,000
6,842,000
$
8,242.000
1.287.700
$
383,000
8.023.000
6,604.000
2,091.200
1,891,000
$
10,566,000
5.793.400
7,617,300
5,595.000
3,852,000
495,000
6.422.700
2,706,000
9.950.500
2.140.900
1,154,100
1,100
400
557,300
44,500
632,000
8.190.300
2,063.100
531.800
3,096,000
8.411.600
430.000
117,000
3.167.500
3.365.400
421.600
143,000
121,000
1,717,000
11,915,700
4,241.000
91.800
182.100
3,210,300
657.300
500.400
276.700
27y,S00
41,300
151,000
199.400
289.900
92.200
126,000
12,149.300
3,593 800
13,071,000
11,253,500
450.000
1.337,900
4.261.400
3.325.700
2.054.300
3.239.600
3.554.800
1.358.700
9O0.000
327.600
302.500
101,000
18,400
228.500
928.100
2.839.900
900.900
3.368.500
127.400
489.700
14,889,600
10,762.300
4,122.000
720.000
7.820.700
l,4bl.500
5.448.800
582.100
452,000
377.400
565,000
497.900
330.900
3.623.700
2.116.900
5.694,000
1.341.100
757.100
112.100
2,420,400
7.388.300
406,000
845,900
3.280.100
188.800
231.000
129.900
147,100
124,000
755.700
357.700
Continental......
Oriental
Marine
Importers’ & Tr..
Park
Mech. Bkg. Ass’n
North River
East River
Fourth National.
Central Nat.
Second Nation’l.
Ninth National..
First National..
Third National..
N. Y. Nat. Exch..
.
Bowery National
N. York County..
Germ’n Americ’n
Chase National..
Fifth Avenue....
PHILADELPHIA.
STATE AND CITY BONDS.
Penna. 5s, g’d, tnt.,reg. or cp.
do
5s, cur.,reer ...
do
....
do
5s, nfcw, reg.,
6s. 10-15, reg., 1*77- 82.
do
252.800
180,000
2,700
476.600
1,124,400
45,000
5,400
2.468.600
0,939,500
2,663,200
13,741,000
1.873.400
2.135.700
Inc. $5,879,200 | Net deposits
...Inc.
958,500 I Circulation
Dec. 1,031,200 i
Specie
Legal tenders
The following are
Loans.
$
1879
Nov. 22....276,194,400
••
29....273.439,900
Dec.
0....273,101,100
13....275,750,100
'•
20....278,098,100
*•
27... .277,5S4,200
“
1880.
Jan.
3....276,706.200
“
“
“
“
Feb.
“
“
21....290,091,200
28....293,545.600
Mar. 0....297,135,500
“
18....297,250,900
“
20
294,4( 7,400
“
27....290,866,700
“
April
“
Inc. $5,307,500
48,000
Dec.
242.0S7,100 23,748,600 604,107,943
246,995,000 23,812,900 657,695,260
253,731,900 21,635,900 787,728,198
257,483.700 21,662,900 743,125,031
18,586,000 259,075,900 21,529,900 772.270,895
3 ...290,639,500 53,669.300
10,437,900 284,404,200 21,083,200
10,680.000 207,128,100 21,599,600
15,505,500 271,601,000 21,282,200
14,168,000 271,012,800 21,174,000
12,130,400 271,483,400 21,002,100
11,652,400 270,381,000 20,967,100
11,555,100 264,538,200 20,975,800
11,272,500 260,340,500 20,995,200
720,978,130
683.453,357
795,314.114
725,419,855
895,014,025
827,801,84 >
748.481,804
644,453.907
771,010,670
10,847,500 259,306,800 20,9S1,600
11,935,900 256,207,800 20,987,900 810,774,898
"
17....284,250,800 50,050.800 13,866,000 253,519,800 20,843,000 £49,817.403
“
24....278,880,200 48,983,000 15,432,100 248,890,700 20,612,800 720,947,84s
May
1....280,436.300 49.406,500 17,0L4,000 252.572,200 20,310,200 697,435.051
8....281,137,700 53,391.500 17,257,100 258,323,000 20,572,900 790.388.569
**
15.,..278,574,200
56,278.000 19,229.300 261,075,900 20,498.400 867,632,049
“
22....272,250,800 50.831.900 21,009.500 258,325,700 20,304,000 759,515.331
“
29....273,216,400 59,271.700 22,547.400 262,702,600 20,238,100 795,990,67s
June 5....276,056,000 61,109.000 21,934,800 266,839,000 20,059,900 639,330,13i
“
12 ...279,265,700 03,192,700 22,221.300 271,628.500 19,682,500 737,534,53s
"
19....286.075,100 64,450,000 22,064,300 278,146,700 19,694.900 616,148,24i
'•
26....285.905,100 65,210,100 21,715,800 277,770,800 19,020,000 607,558,98i
July 3....291,784,300 66.168,600 20,084,600 283,078.300 19,572,000 711,472,517
Note.—With December 27 the Grocers’ Bank disappeared from the list.
10....288.470.900
52.023.000
“
ID6TAT10XS IN BOSTON. PHILADELPHIA AND OTHER CITIES.
Bid. Ask.
8BOTJRITIK8.
Old Colony,
Old Colony,
BOSTON.
Atch. & Tcpeka 1st m.7s
m* 118
do
land grant 7s
do
2d 7s
117H 119
do
land Inc. 8s..
121
Boston & Maine 7s
.boston as Albany 7s
do
6s
Boston & Lowell 7s
do
6s
Boston & Providence 7s
115
Burl. & Mo., land grant 7s
Nebr. 6s
do
Ex 1099a 110
do
Nebr. 6s
102*
Conn. & Passumpslc, 7s, 1891. no*
Eastern,Mass.,4*s,new.
Fitchburg KR., 6s
...
7s
do
Fort Scott & Gulf 7s
do
*94%
....
in'*
92
Vermont & Canada, new 8s..
Vermont* Mass. RR.,6s
....
...
STOCKS.
Atchh on & Topeka
117
x 116
Atjhhoi & Nebraska
Boston & Albany.
145
Boston & Lowelf.
92
127
Boston* Maine
Boston & Providence
133
49
Cheshire preferred
Chic. Clinton Dub. & Min
78
Cln. Sandusky & Clev
12* 12%
Concord
144
Connecticut River
Conn. & Passumpslc
Eastern (Mass.)
3*% 35
80
81
Eastern (New Hampshire)...
121
Fitchburg
Fort Scott* Gulf, preferred
do
common.
.
41%
116*
7s, Inc..
90
City Lawrence & So. 4s... 89
Kan. City. 8t. Jo.&C. B. >s.
111% 112
.
Little Rot & Ft, Smith, 7s,1st 99* 100
New York & New Eng. 7b.... 11094 Ul
Ogdensburg & Lake Ch.8s...
....
t
■
•
•
„
K.C. Law. & Southern.Ex.R
Little Rock & Fort Smith
Manchester & Lawrence
...
..
•
41%
.
,
•••«
42
....
29*
79
113
reg.,18<9
12 2
6s,n.,rg.,1395* over
106
4s, various
Allegheny County 5s, coup...
Allegheny City 7s,reg..
Pittsburg 4s, coup., 1913.....
do
5s, reg. & cp.,19U.
do
6s,gold,reg... ...
7s, w’t’r In.rg- &Ct>.
do
7s, str.imp.,ree.,
N. Jersey 6s, reg. and
do
exempt, rg.
33-86.
123
106*
coup...
& coup.
125
Atlantic.. • • •
Catawlssa—.
.-••
38
pref......
Delaware & Bound Brook....
East Pennsylvania—
new
95
33
50
Williamsport.......
do
Pref”
Elmira *
do
Har. P.
Mt. Joy & Lancaster.
Huntingdon* Broad Top...
do
do pref.
"6*
9*
49*
Lehigh Valley
Little
44
Schuylkill
Minehlll
Nesquehonlng Valley
Norristown
North Pennsylvania
102
49
- •
53*
Pennsylvania
12*
Philadelphia* Erie....
7*
Pniladelphia & Read ng
160*
Philadelphia & Trenton
69
Phlla.Wilming. & Baltimore. im
St. Paul
&
do
Pref.
10
40
United N. J.
CANAL STOCKS.
35
oO
4*
pref...
4%
BONDS.
VaJ.,7 3-10s, 1396... 115*
7s, E. ext., 1910 105
Inc. 7s, end., ’94
Belvldere Dela. 1st m.,6s,LU2. 1—
Allegheny
e
do
do
36
.
2d m. 6s. ’3.).. 107
3d m. 6s, ’37.. 104
6s,coup,*83 105
cnat. m.,
do
do
new
Connecting 6s,
10s,’88
..
105*
114
Ill
7s i960
1900-1904
106*
c
5s,perp
114*
Harrisburg lstmor*
jrlttsb. Tltusv.*
do
87
:.
6b, ’83.
*105
T. 1st m. 7s, gold, 90.
lstm. 7s, fi. g.’b9
2d m. 7s, gold,’95.
2d m.f '.scrip g.^e
3d m. cons. 7b,’ll;)*.
Ithaca* Athens 1st g d, 7s.,’SO
Junction 1st mort. 6s ’82
do' 2d mort. 6s, 1900 ...
Lehigh Valley, lst,6s, cp., 1898
do
do reg., 1893...
....
...
..
B.,7s,cp.,’96
Scrip
ioe
?9*
00
81
120
110
3|*
.50
do 6s, gld, 1900, J.&J.
Cen. Ohio 6s, 1st m.,’90,M.& S.
W. Md. 6s, 1st m.,gr.,’90,J.&J.
do
1st m., .890, J. & J...
do
2d in.,guar., J.&J....
do
2d in.,pref
do 2d m.,gr. Dy W.Oo.J&J
do 6s, 3d m., guar., J.& J
Mar. & Cln. 7s,’92, F. & A ...
do
2d, M. & N
do
8s, 3d, J. & J......
Dnion RR. 1st, guar., J. & J..
do
Can.on endorsed.
+
1
7s
7*30s
t
‘ South. RR. 7*30s.t
do
6s, gold.t
ao
6s. long.. .+
7s, 1 to 5 yr8..+
7 & 7*30s, long.t
Ctn.& Cov. Bridge st’k,
Cin.Ham. & D. coas.6s,
pref.
19 5 +
7s, 1905 +
do
do
2d m. 7s, ’651
Cln. Ham. & Ind., 7s, guar. .1
Cln. & Indiana 1st m. 7s
+
2dm.7s,
do
00
Colurn. & Xenia, 1st m. 7s. ’90
Dayton & Mich. 1st m. 7s, *8H
do
105*
2dm. 78,’84 4
do
3d m. 7s, ’881
iis
Dayton & West. lstm.,’8i...1
do
1st m., 1905.1
118*
do
1st m.6s, 1905
115
'
50
106*
40
111
106
Pltt8b.& Connellsv.7s,’98,J&J 114% 116
110
Northern Central 6s, ’85, J&J 106
do
116
6s, 1900, A.&O. 112
do
....
H. & B.
do
do
do
do
83
90
106
110
105
103
Parkersb’g Br..50
50
Maryland
Hamilton Co., O.,
W’mBport, 1st m.,7s, aO. 109
’do
103
114
1st pr« f
2d prtf
Wash. Branch. 100
do
do
do
do
..
Charters Val., 1st m.7s,C.,1901
Delaware mort., 6s, various..
Del. & Bound Br., 1st,7s. 1900
East Penn. 1st mort. 7s,’88
E1.&
93
66
86
cons.m.6b,*94..
6s,coup.,’39 ... 109*
mort. 6s, ’89
112*
Cam. * Atl.lBtm 7s.g.,l;93
do
24 m. cur. 7s, 't7n.. 110*
CINCINNATI.
Cain. & Burlington Co. 68,’97. LO0
Cincinnati 6s, lung
Catawlssa 1st,7s, conv., V2
do
do
02
55
80
railroad bonds.
Halt. & Ohio 6s, 1885,A.&O. .. 108
N. W. Va. ad m.,guar.,’85,J&J 102
Pennsylvania
Camden *Amboy
105
i05M
Central Ohio
50
Pittsburg & Connellsvllle..50
20*
Schuylkill Navigation......
do
do
84
117
102
do
do
do
do
••
RAILROAD
82
Northern Central
33*
Lehigh Navigation
do
102%
Pennsylvania 6s,coup., ’.910..
Schuylk. Nav.lBt rn.6s.rg.,’97.
Western
Chesapeake * Delaware
Delaware Division. .
Susquehanna
115% 116
107
Lehigh Navlga. m.,6a, reg.,’84
do
mort. RR., rg .’9*.
do
consol, pref.... *32%
Morns
do
pref
108
118
Chesap. & Dela. 1st 6s, rg.,’86
Delaware Division 6s, cp.,^8.
co
101
Companies
West Chester
West Jersey
54*
Texas & tac. 1st m ,6s, g., 1905
do
cons. m.,6s,g.,1905
do
inc.&l. gr ,7s 1915
Union & Tltusv. 1st m. 7s. ’90
do
pref.
do
tfeb.78.92 54*
*70
2d m. 6s, reg., 1901 61
6s, boar&car,rg.,191S
65
7s, boat&car,rg.,l9.5
Susquehanna 6s. coup.. ‘.9i8 .* 101*
BALTIMORE.
108
Maryland 6s, defense, J .& J..
109
do
6s, exempt, 1887.....
7
108
do
6«, 1890, quarterly
y*
103
do
5s, quarterly
49^4
108
Baltimore 6s, iS94.quart.. .
1U
do
6s, ;886, J.&J
*49
116*
do
6s, 189U, quarterly...
54*
110
do
6s, park, 1890, Q.—M.
10224
119
do
6s, 1893, M. & S
do
6s,exempt,’9&,M.&S.
53%
190
do
13
0s, 1900, Q —J
120
do
6s.1902, J.& J
7*
115
do
162
5s, la.6, new
121
Norfolk water, 8s
RAILROAD STOCKS. Par.
12%
156
Balt.& Ohio
100
33
DuluthR.R. Com
-
Phll.&R.Coal&lron
do m. conv. g., i> g-,'94
do mort. gold, ’97.
do cons. m.7s, rg.,191! 102*
Morris, boat loan, reg., 1885.. 140
24
pref
pref.....
do
do
25
i 13
do
1st m. 7s, ’99 .
do
cons. 6s, 1909
Western Penn. RR. 6s,op.’.899 104*
do
6s P.B.,’96 101
CANAL BONDS.
119
STOCKS.t
do
54
ofc..
Warren & F. 1st m.7s, ’96....,
West Chester cons. 7s, ’91
6s, coupon
101
Harrisburg City 6s, coupon..
do
44
cp.,’93’
cps.
do
scrip, 1832. ....
do
In. m.7s, cp,1896 65
do cons. m. 7s, cp..!9llM 107
do cons. m. 7s, rg.,19!l.. 10do con8.m.6s.g.U911, . KM*
46
ro t en. m. 6s, 1903
.
..
do Imp. m. 6-* g., 1897...
111
ao conv. 7s, !8y3*
do
7s, coup, oft,’93 10
United N.J.
Delaware
Camden &
do
West Jersey 6s, deb,,coup.,’83 08
do
1st m. 6s, cp.,’96. 112
Camden County 6s, coup
Camden City 6s, coupon ....
do
7s, reg.* coup
RAILROAD
do
105* Sunbury & Erie lstm.7s, ’97..
-yra.Gen.& Lorn’*,l6t,T6,l9i>5
100
do
6s,ola,reg...;’95 110
do 6s,n.,rg., prior to
do
do
51
Bid. Ask.
8EOUBITIB8.
Phi).& Read, dcben.,
do
deb. 7s. cps.ofl
do mort., 7s, 1892-3
Phila. Wllm. & Balt. 6s, ’84....
Pltts.Cin.&St. L. 7s, cou., 1900
do
do
7s,reg.,19N
Shamokln V.& Pottsv.ls, 1901
Steubenv. & Ind. 1st, 6s, 1884.
Stony Creek lBt m. 7s 1907...
Sunb. Haz. & W.,lst m.^s,*23.
do 2d m. 7s, reg., 1910.. 128
do
con. m.,6s,rg.,1923 i:a
do
do
6s,* p.,19.3 112
Little Schuylkill, 1st rn.7s.V2 :05
North. Penn. 1st m. 6s, cp.,’85. 106
2d m. 7s,cp., ’96. 113
do
do gen. m. 7s, cp., 1903. 112
do gen. m. 7s, reg., 190*3 115
Oil Creek 1st m. 7s, coup.,’8l.
....
.
K.
7b
0s
Omaha & S3. Western, 8s,...:
Pueblo * Ark. Valley, 7s
Rutland 6s,1st mort
....
City Top. & WM 7s, 1st
do
94%
108%
4194
Hartford & Erie 7s
Aan.
Bid. Ask.
8KCUBITIK8.
reg..
do
a series of weeks past:
Specie. L. Tenders. Deposits. Circulation. Agg. Clear.
$
$ *
$
$
$
50,006,700 18,985,200 250,297,300 22,550.400 942.922,708
52,310,700 16,771,700 247,195,500 23,024,800 779,955,847
54,771,000 14,673,200 217,030,100 23,255,100 850,846,848
54,069,400 13,403,900 247,559,200 23,403,800 722,603,3.*>9
50,842,900 12,543,400 246,118,600 23,651,900 666,418,518
48,638,200 12,089,700 242,062,200 23,732,900 586,014,073
54,746,500
59,*87,200
57,413.300
58,055,000
57,927,900
55,440,100
54,773.800
28%
PittsburgTituBV.& Bun.....
the totals for
50.312.800
52,994,600
Philadelphia, 5s
do
800.000
48,282,100 12,723,500
10....276,116,100 51,473,500 14,097,800
17... .276,990,900 53,558,600 15,914,200
24....280,068,600 51,832,200 17.143.500
31....283.194.500
7....290,381,600
14....290,445,200
68, In. Plane,
do
36,600
179.800
135
5s,reg.,K82-1892.
la9£-190'<
6s| 15-2o! reg., 1882-’92.
do
585.000
The deviations from returns of previous week are as follows :
Loans and discounts
131
50*
788,700
60,475,200 291,784,300 66,168,600 20,684,600 283,078,300 19,572.000
Total
96
Old Colony
• •
Portland Saco & Portsmouth 111
114
114*
Pulltn a ■ Palace Car
25*
Rutlan d, preferred
119
Vermont & Massachusetts..
207,000
063.000
697,200
2.452.900
1.245.700
866,000
992,000
2,067.400
825,400
2.603.700
39
38*
Worcester* Nashua
415.501.'
431.500
2.797.700
45.U00
11,733.000 3.985.000 1,322.000
268.900
217.900
1.896.700
260,800
3.900
130.200
172.100
1,000,0001 2.335.100
2 002.400
445.500
75.900
596.700
2.454.600
500,000
447.900
78.200
2.177.500
2.291.100
525.700
500,000
450,000
200.000
3.254,000
622.000
3,0.8.000
500,000
3.111.400
4,600
76.000
515.600
4.452.200
1,000,000
296,000
780.300
5.926.400
5.404.900 1,659,200
1,000,000
1,885.000
29.900
240.200
1.508,000
300,000
3.701,000
180,000
146.000
997.000
3.123,000
400,000
751.800
4.509.400
20,330,900
1,075,000
1,500,000 18,6:48.000
535.300
2,000,000 15.701.100 2.749.500 2,054.800 18.451.80C
003,100
279.600
51,000
863.000
150.800
600,000
932.300
97.900
28.300
866.800
240,000
224.400
727,000
115.300
105.500
948,400
250,000
940.500 15.312.400
810,000
3,200,000 16.453.900 2.812.400
889.000
1,486,000
8,4*0,000
7,944,000 2,163,000
2,000,000
410.000
300,000
45,000
2,833,000
2,579.000
300,000
484.000
90,000
5.138.800
4.608.100 1,002,500
750,000
450,000
616.200 13.495,000
500,000 12.968.000 2.4094)00
800.000
394.500 10,018.100
9.410.700 2.147.700
1,000,000
268.900
95,400
150.100
1.870.800
1,017.400
300,000
24.000
298,000
1,185.000
225,000
1.393.100
250,000
361.400
1.411.900
180,000
1.243.600
15,700
200,000
385.800
2,073,200
117.700
2.213.200
750,000
660,200
270.200
3,532,000
154,800
3.236.100
300,000
22.200
1.547.600
235.700
1,619,000
100,000
Nassau
Market
8t. Nicholas
Shoe & Leather..
Corn Exchange..
England...
Hampshire
Dgdensb.& L.Champlain ...
do
pref..
4.499.600
875,000
600,000
300,000
800,000
6,000,000
5,000,000
1,000,000
1,000,000
422,700
1,500,000
450,000
412,500
700,000
1,000,000
500,000
3,000.000
600,000
t
US
Norwich & Worcester
tion.
876.700
273,000
522.400
4.212.600
1.419.300
200,000
467.900
Circula¬
Bid. Ask-
8BCUBITIB8.
Nashua & Lowell
New York & New
Northern of New
Average amount of
etc.-Continued.
PHIIilOaiiPHlI,
BOSTON,
shows
the condition of the Associated Banks of New York City for th e
week ending at the commencement of business on July 3, 1880.
New York €lty
[VOL. XXXI.
110
ioi
80
1*1
Ind. Cln. & Laf. 1st m.7s....t
do
(I.&C.) 1st m.7s,’88+
Little Miami 6s, ’83
t
Cln. Ham. & Dayton stock...
Columbus & Xenia stock
Dayton & Michigan
do
8. p.c.
Little Miami stock
stock....'
st’k,guar
100
HO*
113
107*
110
114
iio
1.3
97*
107
113
103
70
100
71
84*
35*
1<)8
108
109
115
1L7%
125
111
107
105
115
130
lu4
110
104
101
.105
102
126
112
'
104%
105*
+ 107
101* 102
105
103
+102
101
105
10 i*
84
125
53
120
121*
LOUISVILLE.
t 106%
120* Louisville 78
Pa.&N.Y.C.& RR.78,'896 ....
do
123
6s,’82 to’87
+ 105
do
1906
do
6s, ’97 to ’98
1 105
Pennsylv., 1st m., 6s, cp., ’80.. 100*
do
water 6s,’87 to ’89 1 105
do
gen. m. 6s, cp., 1910. 117
water stock 6s,’97.1 105
do
do
gen. m. 68, i g., 1910. 117
wharf 6s
1 105
do
do
cons. m. 6J, rg., 1905. 112*
do
spec’l tax 6s of ’89.1 105
112*
do
cons.m. 6s. cp., 1905.
6a, Ce. 1907 + 107%
105* Loulivtlle
do
Navy Yard 6s, rg.’ril
Jeff. M.&l.lstm. (l&M) 7b,’8l1'lOO
Penn. Co ,6s. reg
XC.U.W
105*
do
If 107% 108*
2dm.,7s
Perklomen 1st m. 6s,coup.,’9 i
90
do
1st m. ,7s, 1906. ...Ti 114
114*
Phila. & Erie 1st m. 6s, cp.,’8'. 102
109
Loulsv.
C.&
Lex.
1st
m.7s,’97t
114% 115
do
2d sn 7s,cp.,’98
Louis.& Fr’k.,Louisv.ln,6B,’8!
Phi’a. Ncwt’n & N .Y.. 1st m.
Loulsv. & Nashville—
pnila*. & Read. 1st m. 6s’, ’43-’44 102*
Leb. Br. 6s, ’86
...+ 105*
do
do
’48-.49 102*
1st m. Leh. Br. Ex. 7s,’80-85.+ 105*
114
do
2d m., 7s, cp.,9*. 112
Lou.In.
do
6s, ’33...+ 105*
Jefferson Mad. & Ind stock, 103
In default, t Per share.
t And tntere t.
§ Cou. to Jan.. ’77. funded.
....
^Vater
•
,
U. 8.
41
CHRONICLE.
THE
1880.]
July 10,
QUOTATIONS OF STOCKS AND BONDS IN NEW YORK.
Bonds and active Railroad Stocks are quoted on a previous page. Prices represent the per cent value, whatever the par may be.
STATE
Ask.
Bid.
SECURITIES.
Alabamar-Class A, 2 to 5 ..
Glass A, 2 to 5, small
Class B, 5s
Class C, 2 to 5
Arkansas—6s, funded
7s, L. Rock & Ft. Scott iss
7b, Memp. & Li. Rock RR ,
7s, L. R P. B. & N. O. RR
7b, Miss. O. & R. R. RR..
7s, Arkansas Central RR.
59%
72"
10
3
3
3
3
3
108%
7s, new
7b, endorsed
7s, gold
.
W..
Illinois—6s,coupon, 1879...
War loan
K entucky—0s
RAILROAD
AND
Railroad Stocks.
LAetite
do
do
Consol. 4s,
pref.
do
do
.Long Island
LiOuTsv. N. Alb. & Chicago..
Memphis & Charleston
MISCELLANEOUS
'
■
*
*
’
*
•
■
•
•
.
•
1910.
do
pref
Silver Cliff Alining
*
Standard Cons. Gold Mining
Pnces.
Balt. & O.—1st 6s,Prk.b.l919
Boat. H. & Erie—1st m
1st mort., guar
Bur. Ced.R.A North.—1st,5s
Mlnn.& St. L., 1st, 7s, guar
•
•
•
—
.
.
.
.
•
•
•
•
...
.
.
.
.
.
.
•
•
•
...
’2d mort...
bonds, 1900
do
*
*
*
*
*
*
do
do
do
do
113%
59
47%
106%
48%
106"
Cnrondelet Br...
St.L. & S.F.,2d Gs.class A.
1st ra.,
'
109
4
•
•
•
•
....
....
•
...
•.
•
•
....
•
,
4.
t* t
....
•
•
.
§50
.
•
...
•
....
...
§2%
•
•
.
.
t
• •••
•
•
§17
§35%
.
.
....
.
§6%
t
....
•
#
.
#
#
J
l
•
•
•
•
•
•
•
•
•
•
.
.
....
.
....
*
....
.
....
....
•
•
....
....
•
•
4.
3l"
....
200
§114
10%
....
....
....
....
....
§57
....
....
....
§26
109
4i%
90%
90%
....
& West’n,lst 7s *107"
Central Iowa, 1st m.7s, 1899 x01% 102%
Chesap.& O.—Pur. m’y fund
64"
6s, gold, series B, int. def.
87% 37%
6s, currency, int. deferred
Chicago & Alton—1st mort. *120
....
....
Income......
....
112’'
cons, reg., 1st..
cons. coup.. 2d.
cons, reg., 2d .
do
do
do
105"
....
•
Louisv.& Nash.—Cons. m. ,7s
2d mort., 7s, gold
P.pr>ilin.n
Branch, 7s
120
122
116% 117
115%, 116
114
115%
103%
108%
Nashv. & Decatur, 1st, 7s. 108
Miss.Riv.Bridge,lst,8.f,6s
Chic. Bur. & Q.—8 p.c., 1st m 107% 108%. L. Erie & West.—1st 6s, 1919
100
Laf. Bl.&Mun.—1st 6s. 1919
120% 121
Consol, mort., 7s
*.... 120
Manhattan Beach Co. 7s, ’99 *90
5s, sinking fund
*103
N.Y. & Man. Beach 1st 7s,’97
Chic. Rk. I.& P.—6s, cp.,1917 119
*119
Marietta & Cin.—1st mort..
As, 1917, registered
1st mort., sterling
97%
98%
Keok.& Des M., 1st, g., 5s.
99% 99%
Metropolit’n Elev—1st,1908
Central of N. J.—1st m., ’90.
Mich. Cent.—Cons., 7s, 1902 120
lit consolidated
1st mort., 8s, 1882, s. f
do
assented. 102% 103
‘88
....
St.L. K.C & N.R. E.& It.,7s
Omaha Div.. 1st mort., 7s
Clarinda b., 6s, 1919
St.Chas.B’dge.lst, 7s, 1908
North Missouri. 1st m., 7s
West. Un. Tel.—1900, coup.
1900, registered
Spring.V’yVV. Works—1st 6s
Oregon R. & Nav.—1st, 6s..
....
...
....
....
....
....
Convertible
.
assented
Adjustment, 1908
Lehigh & W. B.,con.,g’d..
assent’d
Impr. bonds,
,
,
102% 103
1U6%
6s, 1909
95
94%
109%
assented 109%
Chic.Mil.& St.P.—lst.8s,P.D *132%
2d mort., 7 3-10, P.D.,1898 ±116
121
1st m.. 7s. * g’ld,R.D.,1902 *115
....
-
T
r
....
#
,
t
Mo.K.& T.—Cons.ass..1904-6
2d mortgage, inc., 1911 —
H. & Cfent. Mo., 1st., 1890.
Mobile & Ohio—New ra., 6s.
Nash. Chat. & St. L.—1st 7s.
N. Y. Central-68, 1883
6s, 1887
6s. real estate
t And accrued interest.
....
....
«...
....
104% 104%
64% 04%
4*
t.
.
.
•
100%
109
105%
*108
±7 031.*
112
101
111
106
....
* No price to-dar; these are
m.
106% ids'
116% 118
‘
115% ""
115
97
97%,
77
1907
MobileA O.^-lst pref. deben
2d pref. debentures
3d
do
4th
do
-
N.Y.LakeE.&W.Inc. 6s,1977
niu’o
T—Itipm 1 GOA
“B”
N.Y.&Greenw. L.—1st,7s, n.
do
2d
N.Y. & Oswego Mid.—Stock
Convertible bunds
New Jersey So.—1st, 6s, new
do
St.
Joseph & Pacific—1st m.
2d mortgage
37%
SI.L.& S.E.—Cons., 7s, g.,’94
St.L. VandaliaA T.H.—1st m
2d mortgage, guar
South Side (L. 1.)—1st mort
Union & Logansport—7s
U. Pac.—South Branch —
65
*43
latest quotations made this wtek.
45
•
•
•
•
•
....
72%
89
10
5
14
42%
16
87
70
25
7%
47%
20
1
1
87
75
35
18
20
10
116
104
98
100
90
....
102
105
100
STATES.
So.Carolina—Con., 6s (good)
98
New imp’t cons
+
105
Texas—6s, 1892
M.&S. + 103
112*
7s, gold, 1892-1910 . .J.& J. 111%
118*
7s, gold, 1904
J.& J. H12%
43
41
Virginia—New 10-40s
Past-due Coupons.—
Tennesssee State coupons.
South Carolina consol
Virginia coupons
do
consol, coupons...
10
40
10
84
20
50
102
108
85
100
95
90
90
105
65
116
106
99
100
100
100
100
106
111
90
105
100
95
,
,
20
93
RAILROADS.
Aln.&Chat.—Rec’rs ctfs.var
Gulf—Consol.
Cent. Georgia—Cons, m., 7s
Atlantic &
Stock
Charl’te Col.& A.—Cons., 7s
2rl mortgage, 7s
Georgia—6s..
Va.—6s,end.Tenn
Tenn. Va. & Ga.—1st, 7s.
Cast Tenn. &
E.
Stock
Georgia lilt.—7s
6s
Stock
Aug.—2d, endors.
Memphis& Cha’ston—1st,7s
2d. 7s
Stock
.••••
..................
Mississippi Cent
2d mort., 8s
—
1st m.,7b
Miss. & Tenn.—1st m., 8s, A
1st mortgage, 8s, B
N. O. & Jacks.—1st m., 8s...
Certificate, 2d mort., 8s...
Norfolk & Petersb.—1st, 8s.
1st mortgage, 7s
2d mortgage, 8s
Northeast., S. C.—1st m., 8s.
2d mortgage, 8s
,
7s, 1902, non-enjoined —
Non-mortg. bonds
West Ala.—1st mort., 8s....
2d mort.. 8s, guar.
*30
*30
•
(Brokers' Quotations.)
Stock
I?*
•
Southern Securities.
Ricli.& Dan.—1st consol 6s
Southw. Ga.—Conv., 7s, ’86.
Stock
S. Carolina RR. J»t ra., 7s.
65
109
16
St. Jo. & Western stock
Macon &
Col.Chic.&Ind.C.,inc.7s,1890
Cent. Iowa coup, debt certs.
Ind’s Bl. & W’n-Inc., 1919..
ind’s Dec. & Sp’d, 2d Inc...
Int. & Gt. Northern—2d Inc
Leh. & Wilkes B.Coal-1888
Lake Erie & W’n—Inc.7s,’99
Laf. B1.& Mun.-Inc. 7.1899
Income,“A ”
llU%il!0%
Central of N. J.—1908
Chic.St.L.&N.O.—2d
Midland of N. J.—1st, 7s, g.
•
28
20
100%
INCOME BONDS.
...
....
....
Greenville & Col.—7s, 1st m.
7s, guar
...
....
113%
•
•
....
....
....
Sinking fund
Joliet & Chicago, 1st m...
Louis’a & Mo., 1st m., guar
do
2d 7s, 1900.
St. L. Jack. & Chic., 1st m.
....
•
....
97" Long Island—1st mortgage.
construct’n
74
3-6s, class C.
do
7s of 1871. 112
76
no
do
3-6s. class B.
lstcon.,g’d.. *109
Del.& Hud.Canal—1st m.,’84 103%
99% 100%
*.... 108
do Equipm’t 7s, ’95
1st mortgage, 1891
—
±.
110
South Pac. cf Mo.—1st m. 102%
do
extended.
*108
Texas
&
Pac.—
1st, 6s, 1905..
do
Coup., 7s, ’94
92"
Consol. 6s. 1905
do
Reg. 7s,’94. *108
56%
Income
and
land
gr’t. reg.
115%
117%
1st Pa. div., coup., 7s, 1917
90
1st Construction^, 1930.
do
reg., 7s. 1917
no"
Pennsylvania RR—
Albany & Susqueh., 1st m.
150
Pitts.Ft.W.& Chic., 1st m. 133
do
2d mort.. 108%
do
do
2dm.. 124
112%
do
1st con., guar 112
128
do
do
3d m..i 120
Rens.& Saratoga, 1st,coup
Cleve.A Pitts., consol., s.f.
1st, reg.
do
do
4th mort... 103%
Denv.& R. Grande—1 st,1900 103% 104%
90
87%
91
Col. Chic. & I. C., 1st con..
do
1st cons. 7s, 1910
do
2d con...
Erie—1st mort., extended.. ^122
sT
107
do 1st Tr’t Co.ctfs.ass.
2d mortg., ext’n 5s. 1919.
do
do 2d
ass.
3d mortgage, 7s, 1883
84" 88%
do 1st
do
suppl.
103%
4th mortgage, 7s, 18S0 ....
St.L. Va.&T.H., 1st g.7s,’97 *113
108% no
5th mortgage, 7s. 1888 —
121
122
2d 7s, 1898
do
1st cons, gold7s, 1920
114
do
2dgtd.7s,’98
64%
120
Rome Wat. & Og.—Con. 1st.
Buff. N.Y.& E, 1st m., 1916
118%
St. L.&Iron Mount’n—1st m
N.Y.L.E.&W.,n.2d,con.,6s *68%
101
100%
2d mortgage
do 1st, con., f, cp.,7‘$84”
102% 104%
Arkansas Br., 1st mort...
do 2d,con.,f.cp.,5s,0s
109
110
Cairo & Fulton, 1st mort.
109%
1C9%
Han. & St. Jos.—8s, conv...
!02
104
Cairo Ark. & 3'., 1st mort.
Hous.& Tex. C.—1st, m. l.,7s 106%
Ill
104%
St. L. Alton & T. H—1st m.
1st mort., West. Div., 7s..
:105
10?"
103
2d mortgage, pref
1st mort., Waco & N., 7s;90
income
do
112%
2d C., Main line, 8s
Belleville & So. Ill., 1st m.
2d Waco & N., 8s
St. P.& Sioux C.—1st 6s. 1919 101%
Inc. and ind’y, 7s
107%
St. P. M. & Manit’a—1st, 7s. *107
Ill.Cent — Dub.&Sioux C.lst 100 "
*96
105
2d mort., 6s, 1909
Dub. & Sioux C., 2d div...
105%
Tol.Peo.&W.—
Cedar F.& Minn., 1st m..
132
Pur. Com. rec’pts, lst,E.D *131
Ind. Bl’m & W.—1st, pref. 7s *112%
±130
131
75
1st mortgage, W. D
1st mort., 7s, 1900
60
62
Burlington Div
2d mort., 1909
70
*65"
1st pref. inc. for 2d mort.
Ind’s Decatur & Sp’d 1st 7s 101
100
lstpref. inc, fur consol... *65
Int. & Gt. Nortb. 1st 6s,gld.
96
Wab. RIl.-Mortg. 7s of ’79.
Lake Shore—
113
T.&Wab., 1st ext.7s
109%
Mich S. & N. Ind., s. f., 7s. 109
106
108%
1st St. L. div.7s,ex mat.cp.
Cleve. & Tol., sink. fund..
2d mortgage ext., ex coup 102% 103
107%
do
new bonds.
40
115 - 117%
Equipment bonds, 7s, 1883
Cleve. P’ville & Ash., 7s
*100 jlOl
119
Consol, conv., 7s
Buffalo & Erie, new bds...
no
in
Gt. Western, 1st m., ex op
Buffalo & State Line, 7s..
102
102%
do 2d m.,7s,’93,ex cp
Kal’zoo & W. Pigeon. 1st.
107 |
Det.Mon.A T., 1st, 7s.G906 ;ii9%
Q. & Tol., 1st, 7s, ’90,ex cp.
104J4
111.& So. Ia., 1st m.7s,ex cp
119%
Lake Shore Div. bonds...
.t
119
Hannibal & Naples, 1st 7s
121%
do
cons, coup., 1st
....
....
2d mort
*94%
..
....
Iowa City
117%
....
•
Railroad Bonds.
Pfi«e» nominal,
99
.
*
R.Ten&
(Brokers' Quotations.)
110%
*95"
....
Co. §116%
Quicksilver
Am. Dock &
do
7s, reg....
100% N. Y. Elevated—1st, 7s, 1906
92% N. Wisconsin—1st, 6s
100% 100% Nevada Central—1st m. 6s.
Ohio & Miss.—Consol, s. f’d
107%
•
Miscellaneous List.
127
....
Pullman Palace Car
do
J27
126
76*
RAILROADS.
105
100
Atch.&P.P’k—7s,gld
106
Bost. & N.. Y Air-L—1st m
*115%
Consolidated
45
85
Chic.&Can.So.—1st m.,g.,7s
112
2d consolidated
Int.. bonds
*105%
100
96
Chic. & E. Ill—S. F.c’y 1907
81
83%
123
1st
m.,
Springfield
div
90
Consol, bonds
80
Income bonds
88%
Ohio Cent., 1st m., 6s, 1920.
Extension bonds
Chic. St.P.& M’polls—lst,6s 101
98" 100
310% Peoria Dec. & E’ville, 1st Gs
1st mortgage
100%
Land grant Income, 6s.
117
117% Pacific Railroads—
104%
Coupon gold bonds
Central Pacific—Gold bds. H2% 112% Chic.& Southwest.—7s, guar
Registered gold bonds....
Cin. Lafayette & Ch.—1st m
106
107
San
Branch....
Joaquin
107" !09~
Sinking fund
Cin
104
1C3
Cal. & Oregon, 1st
do
100
registered..
Is
105
State Aid bonds
Iowa Midland, 1st m., 8s..
80
Denver
Land grant bonds
102
Galena & Chicago, exten. 105%
+100
92%
lie'
Western Pacific bonds.. 106" 107" Erie & Pittsburg—1st m., 7s
105
Peninsula, Istm.,conv...
Con. mortgage, 7s..
97
03%
South.
Pac.
Cal.—1st
m.
of
03
Chic. & Mil., 1st
85
112
7s, equipment
Union
mort..
Pacific—1st
109%
103
Winona & St. P., 1st m. ..
113
113% Evansv. & Crawfordsv. -7s. 100
Land grants, 7s
no
do
2dm.... 113
Flint & Pere M.—8s, I’d gr’t
118
119
119”
Sinking fund
84
79
C. C. C. & Ind’s—1st, 7s, s. f. 117
Consolidated 8s
108
116%
Registered, 8s
114%
19
Ppnsnl mortgage
IS
Stock
104
105
Collateral
Trust,
6s
90
C.St.L,:& N. 6.- Ten. lien 7s 106 lio
Galv. Hous.& H.—7s, gld,’71
Kansas
Pac.~
1st con. 7s
Gr’nd R.&lnd.—lst,7s,l.g.gu 108% 116^
1st m., 6s, ’95, with cp.ctfs 119%
105
C. 8t. P. Minn.& 0’aCons.6s,
100
116
lst,*7s. Id. gr., not guar..
116%
1st m.. 6s, ’96,
102%
do
90
80
Del. Lack. & W.— 2d mort.
1st,
1.
ex.
gr.,7s
106%
106%
Den. Div. 6s ass. cp.otf...
*102%
90
80
7s ennvert.ihle
Indianapolis & St.L.—1st, 7s
94
118
do
1st consol. 6s
55
50
Mortgage 7s, 1907
2d mortgage
110
114
Pacific RR. of Mo.—1st m.
107
Syr. Bii gh. & N. Y., 1st, 7s 129
[ndianap.A Vine.—1st,7s, gr 105
*106
2d
mortgage
66
60
Morris A Essex, 1st m
Kansas & Nebraska—1st m.
*.... 115
Incomers.
....
Pennsylvania Coal
do
1st m.,
do
02%
,02%
South., 1st, int. g.
Harlem, 1st m., 7s, coup..
*....
•
*
•
Stock Exchange
Canada
‘
109
....
«
•
113
57
Ontario Silver Mining
Oregon Railway & Nav.
1919.
112
.
•
•
Istm.. H. &D.,7s, 1910..
Chic. & Northw.—Sink. f’d.
Mif
iscellaneous St’ks.
Montank Gas Coni
.,1908
.
.
•
....
N.Y.&StraitsvilleCoal&Iron
lio"
..
....
Maryland Coal
.
.
60
Peoria Dec & K’vii’e—Incs
St.L.I.M.&S.—1st 7s,prf .int
*103%
68, subscription.
128
2d int., 6s, accum’lative ..
N. Y. C. & Hud., 1st m., cp.
do
Istm., reg. 126% 127%
Huds. R., 7s, 2d m., s.f.,’85
N. Y. Central—Continued.
m* 115
108
99
104
104
AND BONDS.
STOCKS
«...
* * #
*
Gold & Stock Telegraph....
Homestake Mining
LaPIata Mining
Leadville Mining
Little Pittsburg Mining ....
Mariposa L’d & Mining Co..
do
do
pref.
99%
Registered
Funding 5s, 1899
do
registered
....
6s, 1886
•
*** *
Excelsior Mining
D.of Columbia—S'GSs, 1024.
1010
...
mi
N. Y. Elevated
N. Y. New Haven & Hartf.
N. Y. Ontario & West.,pref.
Peoria Decatur & Evansv..
Pitts. Ft. W. & Chic., guar, 120
do
do
spec’l.
Rensselaer & Saratoga
Rome Watertown & Ogd...
Bt. Paul & Duluth
do
do
pref.
fttonington
Terre Haute & Indianapolis
Texas & Pacific
do
do trust certif.
Toledo Peoria & Warsaw..
United N. J. RR. & Canal..
Wai
Yarren
Wells, Fargo & Co
American Coal
Boston Land Company
Boston Water Power
Canton Co., Baltimore
Caribou Consol. Mining
Central Arizona Mining....
Central N. J.Land Imp
Climax Mining
Colorado Coal & Iron
Consolidation Coal of Md..
Cumberland Coal & Iron....
Deadwood Mining
36
....
....
Metropolitan Elevated
Adams Express
American Express
United States Express
Tennessee—6s, old
6s, new...
6s, new series
Virgina—6s, old
6s, new, 1866
6s, new, 1867
6s, consol, bonds
6s, ex matured coupon....
68, consol., 2d series
6s, deferred
Ohio—6s, 1881
I. & M\ 1897
1st 5s, LaC. & Dav.,
1st So. Minn. div. 6s.
2*4
class 2
class 3
Small
S.-west div., 1st 6s, 1909
....
do
1868.
New bonds, J. & J
do
A.&O
Chatham RR
Special tax, class 1.
La C. Div., 1893....
2d mortgage, 1884
1st m., 7s, I.& D,Ext
6s, Act Mar. 28, 1869.)
Non-fundablo
)' "
Funding act, 1866
110
Ask.
Rhode Island—6s,coup.’93~9
South Carol! nar-
No. Car. RR., J. & J
A.&O
do
do
coup, off, J. &J.
do
coup, off, A.& O.
105
106
Bid.
SECURITIES.
North Carolina—6s, old.J&J
108
istm., I. & D., 1899
1st m., C. & M.i 1903
*113%
Con. sinking fund, 1905...
previously quoted.
Albany L Susquehanna... §106
Boston & N. Y. Air L., pref.
Burl. Cedar Rapids & No... §61%
Cedar Falls & Minnesota...
Chicago & Alton, pref
Clev. & Pittsburg, guar....
§61%
Denver & Rio Grande
Dubuque & Sioux City
Frankfort & Kokomo
§180%
Harlem
§26%
Jnd Bloom. & Western
Intern’1 &Gt. Northern....
Keokuk & Des Moines...... §10
Ask.
Bid.
SECURITIES.
6s, old, A.& O
Ch.Mil.& St.P.—Continued.
1st m.,
ist m.,
Ask
46%
Louisiana—7s, consolidated
Michigan—6s, 1883
.
7s, 1800.... .
Missouri—6s, due 1882 or ’83
6s, due 1886
6s, due 1887
6s, due 1888
6s, due 1889 or ’90
Asylum or Univ., due ’92.
Funding, 1894-95
Hannibal & St. Jo., 1886..
do
do
1887..
New York—68, gold, reg.,’87
6s, gold, coup., 1887
6s, loan, 1883
68, do 1891
6s, do 1892
6s, do 1893
....
Connecticut—6s
Georgia—6s
Bid.
SECURITIES.
BONOS,
if/**•*-* V
trao*
-1'
95
106
75
119
102
105
105
110
103
100
+98
27
30
100
103
108
106
129
125
102
+97
108% 112
112
108
100
100
106
127
117
102% 103
no
105
100
95
103
10
9
70
75
33
30
110
112
110
112
-
-
»
...
♦ -
*
*
*
•
*
•H
I No quotation to-day; latest sale this week*
42
THE
CHRONICLE.
NEW YORK
Bank
Companies.
Capital.
LOCAL
SECURITIES.
Stock List.
Surplus
latest
dates, §
Insurance Stock List.
Dividends.
Price.
[Quotations by K. 8. Bailey, Broker,7 Pine
Street.]
at
Mark’d thus (*)
are not Nat”.
U
32
*•».
Amount
fVoL. XXXI.
Period
1878. 1879.
Bid. Ask
Last Paid.
Net
Capital.
America4
100 3,000,000 1,649,300 J.& J.
Am. Exchange. 100 5,000,000 1\44 5,000 M.&N.
100
Bowery
250,000
202,000 i. & J.
25 1,000,000 1,272,500 J.&J.
Broadway
Butchers1* Dr. 25
300,000
92.700 J. & J.
100 2,000,000
Central..
484,800 •J. & J.
Chase
100
300,000
74,100
Chatham
25
450,000
189,800 J.& J.
100
Chemical
300,000 3,381 100 Hl-m’ly
Citizens’
25
000.000
170.400 J. & J.
100 1,000,000 1,483,000 M.&N.
City
100 5,000,000 2,904.100 I. & J.
Commerce
Continental.... 100 1,000.000 202.400 J. & J.
Corn Exch’ge*. 100 1,000,000
922,500 F.&A.
East River
25
250,000
70,300 I. & J.
11th Ward*
25
100,000
10,100 r. & j
Fifth
150,000
43,800 J & J
Fifth Avenue*. 100
ioo;ooo “220.100
First
100
500,000 2.184.700 Q-J.
Fourth
100 3,200,000 1.081 30G J & J.
Fulton
30
600,000
379.800 M.&N.
50 1,000,000
Gallatin....
754,000 A.& O.
German Am.*
7.)
750.000
81 300 F.& A.
•German Exch.* 100
200,000
60,805
May.
100
Germania*
0 7,200
200,000
25
Greenwich*.
200,000
lT.iOj M.&N.
Hanover
100 1,000,000
2S9,0';(j I. & J.
Imp.&Traders’ 100 1,500,00/ 2,009,200 J. & J.
50
Irving
500,000 15-<.8)0 I. & J.
Island City*... £0
100,000
7,500 J. & J.
Leather Manuf. 100
000.000 441.800 J & J
Manhattan*...
50 2,050,000 1,105.800 F.& A
Marine
100
400,000
127.800 J. & J.
Market
100
500,000
295.000 J. & J.
Mechanics’
25 2,000,000 1,032,100 J. & J.
Mech. Assoc’n. 50
500,000
76.40U M.&N.
Mech’ics * Tr. 25
200,000
41,800
Mercantile
100 1,000,000
188,100 M.&N.
Merchants’.
50 2,000,000
740,500 J & a
Merchants’ Ex. 50,1,000,000 178.100 J. & J
Metropolis*.
100
300,000
41,900 J. & J.
Metropolitan*.. 100 3,000,000 1,251,200 J. & J.
Murray Hill*.. 100 100,000
77.8 ;o J. & J.
Nassau*
100 1,000,000
00,700 M.&N
New York
100 2,000,000
802,100 J & J
N. Y. Countv.. 100
200,000
47,300 I. & J
N. Y. N. Exeli. 100
88 500 F.& A.
300,000
Ninth
100
750,000
149.7U0 J. & J
No. America*.. 70
700,000
106.900 I.& J.
North River*.
30
240,000
0*0000 J. & J.
Oriental*
25
300,000
183,100 .1. & J.
Pacific*...
50
422,700 223,500 Q-F.
Park
100 2,000.000
534.300 •J. & J.
People’s*
25
130.4O0 J. & J.
412,500
Phenix
20:1.000.000
218,000 J. & J.
produce*
50
ii^hoo
Republic
100 1.500.000
714,900 F.&A.
8t. Nicholas... 100
135 600
£00,000
Seventh Ward. 100i
58,800 J. & j.
300,000
Second
100! 300,000
123 500 J.& J.
Shoe & Leather 100
500,000 173.200! J. & J.
Sxih
100
40.300! J & J
200,000
State of N. Y.. 100
BOOiOOO 273,500 M.&.N.
Third
100 1,000.000
192,000 J.& J.
Tradesmen’s.;. 40 1,000,000 279 100 J. & J.
Union
50 1,200,000
Tll.iOO M &N
West Side*
100
200,000 120,0.0 J. & J.
8
0
11
10
io
120
0
7
0
7
14
8
3
11
04
7
9
12
5
8
8
.
.
10
12
5
7
.
8
8
.
.
„
_
10
10
0
8
0
•
•
•.
•
•
•
•
*
*
Gas and
*
*
*
137
82
2J4
5
3
3
34
*
•
•
••
*
"
*
"
•
*
•
•
*
•
*
•
*
•
•
*
*
051}
*
*
*
*
* *
*
**
*
5
•
•••
*
•
.
a
„
*
142
75
100
95
140
80
132
....
....
****
.
’80. 4
.
*
*
’
*
•
.
....
* *
*
*
•
•
• •
*
*
* *
"**
105
95
109
101
*****
*
*
*
74
8
'80.
July,' ’80.
July,' ’80.
M>iy ’«o
7
8
12
'*
’
',4*
•
”
•
•
128
•
.
•
3t*
34
34
1
5
Jan., ’80. 0
130
ib
....
11, 1880, for the National banks
s
City Railroad Stocks
400,000
200,000
300,000
200,000
153,000
300,000
210,000
250,000
300,000
200,000
1,000,000
Kings Co.(Bkn)
Knickerbocker
300^000
200,000
200^010
200,000
204’000
150,000
200,000
1,000,000
1 000,000
200,000
200.000
200,000
i
500,000
200,000
150.000
500,000
20o’6oo
100
200,000
200,010
150,000
280,000
150,000
200,000
150,000
200,000
300,000
200,000
250,000
200,000
150,000
200,000
200,000
200,000
200,000
200,000
210,000
200,000
200,000
300,000
500,000
350,000
200,000
30
20
40
50
Lamar..
100
25
LengIsl.(Bkn)t 50
Lorlllard
25
Manuf.& Build. 100
Manhattan
100
Lenox
Mech.&Trad’rs'
Mech’ics’(Bkn)
25
50
50
50
50
50
Mercantile..
Merchants’
Montauk (Bkn)
Nassau (Bklyn)
National
37*4
N. Y. Equitable 35
New York Fire 100
N. Y. & Boston 100
New York City 100
and Bonds.
50
North River.... 25
Pacific
25
Park
100
Peter Cooper..; 20
50
People’s
Phenix
50
Relief
50
Republic
t 100
Rutgers’
25
St.Nicholas
25
Standard
50
Star
100
100
Sterling
25
Stnyvesant
Tradesmen’s.... 25
United State*.. 25
Westchester... 10
50
Wllllamsh’g C
200 000
150,000
200,000
1,000,000
200,000
300,000
200,000
200,000
200,000
500,000
200,000
200,000
300,000
250,000
300,000
250,000
.
Gab
Companies.
Par.
Rate,
Amount. Period.
*
Date.
Bid. Ask.
*
^n'rwv\
s.ooo'ooo
Niagara
3
Mav,'
7
10
’80
Jefferson
.
’80. 4 *
Ja<)
.
Lalayette(Bkn)
^
0
American
+ '50
American Excb 100
Bowery
25
Broadway
25
Brooklyn
17
Citizens’
1 20
City....
70
Clinton
100
Columbia
30
Commercial
50
Continental., -f 100
40
Eagle
Empire City.... 100
30
Exchange
50
Farragut
Firemen’s
17
Firemen’s Tr..
10
Franklin&Emp 100
German-Amer. 100
Germania
50
Globe
50
Greenwich
25
Guardian
100
Hamilton
15
Hanover
50
Hoffman
50
Home
100
Hope
25
Howard
50
Importers’* T.. 50
Irving
’80. 3
’80. 3
’80. 4
May, ’80. 2)4
July, ’80. 4
July, ’80. 3*4
3
July, ’80. 3
July, ’74. 3*4
64 Feb., *80. 4
3
.luj, ’80. 34
Jan.. ’80. 3 "
8
July, ’80. 5
8
July, ’80. 4
*
....
7
4
3-
34
’64
'80. 4
’80. 4
’80. 24
’79. 24
’79. 3
’80 3*4
’80. 3
Juy
*
Jan. 1,
1880.*
Amount
...
*
'** *
July, ’80. 34
July,
May.
July,
Jail.
*
7
3
9
10
0
7
3
5 The figures in this
column are of date June
and of date June
IS?, 1880, for the State banks.
*
*
***
Juiv, ’80. 5
8
10
0
6
•
4
74 Feb.. ’80. 34
Julv, ’B0. 3*
July, ’80. 3
7
July, ’80. 34
....
,...
*
*
115U
5
^
.
•
7*4 July,
8
July.
4
May,
2* Juiy,
3
May,
7
Tuly,
54 Julv,
0
.
'80.
’80.
*80.
'80.
’80.
.Ju y, ’80.
July, ’80.
July, ’80.
Ju.y ’80.
July, ’80.
Feb., ’80.
u:y, ’80.
8
7
3
7
8
2
.
•
*
July, '80. 34
May, 80. 34
7
14
8
8
...
•
*
* *
giVn
Apr., ’80. 5
7’4 A pf.,
2*4 Feb.,
5
May,
3
May,
6
May,
5
.
•
*
*
*
"
12
0
10
7
.
-
*
,
0
..
....
....
r
$
34
....
.
’80. 3*4
’80. 3*^ 1143*
’80. 5
’8). 8
Ju y, ’80. 34
July, :80. 4
Mar., ’80. 3
’32
Ju y, ’80. 3
July, ’80.15
July, ’80. 34
M*y, 80.10 205*
July, ’80. 4
145
138
3*4 Ju y. ’80. 34
10
Feb
’80. 5
July, ’80. 34
July ’70. 3
0
.Tan,, ’80. 3
0
100
0
10
8
..
.
7*4 July,
May,
July,
July,
0
10
10
6
7
3
6
100
0
10
8
7
....
Par.
Over all liabilities,
includes scrip.
Dividends.
Surplus,
Companies.
1877. 1878. 1879.
475,871 15
14
10
20
20
20
20
20
20
20
20
174 10-72
18
12
5
N’ne
25
18
12-50 i 13-40
20
20
14
10
15
10
15
15
12
10
12
11
Prtcr.
Last Paid.
104
Jan., ’80. 6
10
20
18
20
20
10
11
July, 'so. 5
Dec., ’79.10
Feb., ’80. 8
Bid. ASk,
125
93
380,940
185
300,404
195
190,447
190
July, ’80.10
480,579
190
July, ’80.10
117
163,429
Feb., “80. 5
130,251
Jan.. ’80. 5
130
2,725
55
July, ’77. 5
105
112,401
10
Jan., ’80. 6
1 108,151
13-05 July. ’80.6-85 180
544,412
15
Apr., ’80. 74 190
73,858
10
July, ’80. 34 95
105
99,155
10
Feb., ’80. 5
138.833
15
Jan., 80. 74 120
08,930
34 July, ’80. 34 90
105
70,147
11
Jan., -80. 5
*.
130,442
7
July. ’80. 0
875,000 io
10
140
10
July,*.’Fo. 5
752,754 30
22
137
14
July, ’80. 5
10
118,251 20
110
10
July. ’80. 5
343,749 40
30
30
Jan., ’80. 74 250
22,908 10
7
jau.. ’80. 34 00
7
120 800 on
130
174 124 July. »80 5
20'
685,945
July, *80! 5
10
54,536 10
10
lan., ’go. 5
80
10
1,320.785 10
10
Jan., >80. 5 130
10
4,089 10
34 Jan., *79. 3^ 55
10
110,815 12
5
Julv, ’80. 5 100
10
78,922 12
90
10
July, ’80. 5
6,488 13
10
60
34 July, ’80. 4
290,776 10
10
10
Mar., ’80 5
135
193,014 20
20
20
Jan., *80.10 170
4,938 10
5
Jau., ’80. 5
55
5
134,907 20
14
1
Jan., ’80. 5 110
97,680 10
10
Jan., ’80. 5 100
10
31,104 10
10
10
85
Jau*, ’80. 5
10
13
253,533 20
July, ’80. 5
130
34,202 10
10
5
July, ’80. 4
12
12
Jan., ’so. 0
182,909 12
135
140,928 20
Jan., ’80. 5
10
10
20
20
Jan., ’80. 0
238,160 30
150
20
163,590 20
20
Jan., go. 7 150
10
10
38,832 10
July, ’80. 5
75
159,762 20
10
13
120
Jan., ’go. 5
12
10
Jan.,
115
109,954 18
’go. 5
20
20
Jan., 80, 7
155
147,011 20
101.513 14
10
10
Jan., -go. 5
100
20
15
155
316,395 20
^uly,
’80 5
Fe
14
L2
130,185 17
, -go.
110
5
N’ne
20.008
60
N’ne
5
July.
10
1,005
’80. 34
Ju y. ’80. 7
11
12
140
517,458 12
10 '
8
110
108,148 11
’80. 4
30
20
July. ’80.10 205
399,052 20
12
12
Juiy, *80. 0 108
89,737 20
Jan., ’vo.10
20
20
190,043 20
180
12
12
103,739 18
JQl). ’80. 5 105
15
10
407,0-0 20
Jan., ’80. 5 120
10
10
43,577 10
75
Jan., ’80. 5
5
20,725 10
34 Jan., ’80. 34 70
20
20
20
175,334
1 OU
Jan., ’80.10
9
10,841 10
55
10
Feb , ’80. 3
169.090 1235 0-23
9--;3 Ian., ’80.0-23 125
121,591 174 124 12
102
July, ’80. 5
10
28,519 10
8*4 Feb., ’80. 3*^ 70
14
137,084 10
10
115
Jan., ’80 5
10
102,389 20
100
10
July, ’80. 5
12
215,455 10
11
120
July, ’80. 5
10
121,502 10
10
Jan , ’80. 5
20
443,095 20
20
203
Jan , ’80.10
02,545 10
•
To
•
200
2-0
...
123
140
115
100
110
.
•
.
.
•
•
.
.
•
...
115
70
135
170
90
133
including re-insurance, capital and scrip,
t
«•••
....
100
70
141
120
105
90
130
83
140
105
160
•
...
•
....
.
......
•
130
•
10*
•
•
.
100
% •
*
•
130
....
160
109
103
120
70
65
.
...
.
...
...
115
....
112
130
85
■J5
100
70
130
105
80
120
105
1?5
110
....
Surplus
J
Brooklyn Gas Light Co
Citizen*’ Gas Co (Bkl.vn)
do
bonds
25
20
1,C00
„
Harlem
50
20
50
100
Jersey City & Hoboken..
Manhattan
Metropolitan
ao
certificates
V *r.
100
Mutual, N. Y
do
If issau,
bonds
1,000
Brooklyn
do
25
Ya
100
10
scrip
New York
.
People's
(Brooklyn)
ao
do
bonds
1,000
Var.
do
do
certificates.
Central of New York
Williamsburg
do
50
!
bonds
50
1,000
Metropolitan, Brooklyn
100
100
Municipal
do
Fulton
bonis
100
1st
mortgage.!
100
5,000,000 Quar.
1,000,000 F.& A.
1,000,000 Var
700,000
4,000,000
1,000,000
300,000
300,000
400,000
M.&N.
M.&N.
J. & J.
M.&N.
J. & J.
F.& A.
1,000,000 Quar.
1,000,000 A.& O.
1,000,000; M. & N.
1,500,000
l,50J,000f
1,000
900,000^J. &
100
ay.—St’k
..
.
..
\\\
mortgage
Consol, convertible
Extension
Sixth Avenue—Stock
1st mortgage.
Third Avenue—Stock
1st mortgage
Twenty-third Street—Stock.
1st mortgage
1,000
.
1.000
-00&C.
J00
1,000
100
1,000
..
100
1.000
This column shows last dividend
:
i
on
150,000 A.&O.
1,050,000 M.&N.
200,000 M.&
~4
8
5
S.
750,000 M.&N.
500,000 J. & J.
2,000,000 Q-F.
2,000,000 J. & J.
600,000 F. &A.
250.000 M.& N.
City Securities.
110
00
1898
100
Feb. ’78 70
July, ’80 150
June, >0 190
June. ’80 145
[Quotations by Daniel A. Moran, Broker, 2T Pine Street.]
1882
York:
Water stock
1841-63.
Croton water stock. .1845-51.
de
do
..1352-60.
Croton Aqued’ct8t0ck.l865.
do
pipes and mains...
do
reservoir bonds
1897
98
75
50
14 Jam. ’80 70
0
1900
100
2H Jan., ’80 50
5
Jan., ’80 170
0
188S
105
70
do
7
3
2
7
j
80
IS
98
024
July, ’84 103
May, ’80 1«0
7
'July,
do
tip
Consolidated bonds
....1869.
var.
100
105
104
101
107
102
415
122
107
106
109
120
125
120
109
110
125
116
120
108
116
118
108
105
110
123
109
102
103
100
112
118
108
115
122
115
118
107
115
115
’80 140
Apr., ’80
95
1888
102*4
May, ’80
June, ’93
July ’80
Ian.,
’84
May, ’80
Apr., ’93
.
t
NOV.1904
7
Julv, r94
24 July, ’80
7
7
7
5
7
5
7
4
7
Improvement stock.... 1869
do
Nov., ’80 102
Dee. J 902
24 Feb.. ’80
7
1*90
....
1870.
1375.
1865-68.
Street imp. stock
var.
do
do
var.
New Consolidated
Westchester County... ....
Consolidate i
Asse3 meat
Ju y. '80
7
7
1880
1890
do
1883-1890
1884-1911
do
1884-1900
May & November.
Feb.,May, Aug.& Nov. 1907-1911
do
1898
do
1895
do
do
1901
May & November.
1898
1894-1897
May & November,
do
1889
do
do
1890
do
1901
do
do
do
1888.
do
do
1882
do
1890
&
January
July,
do
1894
do
1920
Quarterly.
1884
Miy & November.
do
do
do
..1853-65.
Market stock
*
24 Ju'y, ’80
2
July, ’80
3
7
3
7
0
no
do
H Jan., ’00
J’ly,1900
34
Feb., May Aug.&Nov,
Central Paik bonds. .1853-57.
Dock bonds
Broadway.]
7
2
7
Bid. A Sri,
New
34 Jao., ’80
3
Aug., ’79
!
Bonds
due.
Rate.
100
24 Feb., '80 50
34 Nor, ’79 90
4
June, ’80 xlOl
34 Jan.. ’76 39
7
Price.
Interest.
34 June. ’801101
14 Ju'y. ’79 75
J.
094,000 J. & J.
2,100,000 Q-J.
1st mortgage
1,000 1,500,000 J.&D.
Brooklyn City—Stock
10 2,000,000 Q-F.
1st mortgage
1,000
300,000 M.&N.
Broadway (Brooklyn;—Stock
100
200,000 Q-J.
Brooklyn & Hunter's Pt.—St'k
100
A. & O.
400,000
1st mortgage bonds
1,000
300.000 J. & J.
Bushwick Av. (B’klyn)—Stock.
100
500,000 J & J.
Central Pk.N. & E. oiv«—Stock1
100 1,800,000 Q-J.
Consolidated rcort. bo#ds....j 1,000
1,200,000 J & j/.
Christopher & Tenth St.—Stock
100
0*0,01 0 F.& A.
! 1,000
Bonds
250,000 J. & J.
Ufy Dock E.B.& Batt'ry—Stock
100 1,200,000 Q-F
Astmortgage, consolidated
500&C
900,000 .J. & D.
Ufghth Avenue—Stock
'
100 1,000,000 Q-J.
1st mortgage
1,000
203,000 J. & J.
42d St. & Grand St. Ferry—St’k
100
748,000 M.&N.
1st mortgage
1,000
230,000 A.&O.
Central Cross Town—Stock
100
000,000
1st mortgage
1,000
200,000 M.&N.
Houst.Wcst St,& Pav.F'y—St'k
100
250,000
1st mortgage
500
500,000 J. & J.
Second Avenue—Stock
100 1,199,500 J. & J.
3d
Broadway & Seventh
7
3
1,850.000 F.&A.
750,000 J.& J.
4,000,000 T. & J.
2,500,000 M.&S.
1,000,000 M. & S.
[Quotations by H. L. Grant, Broker. 145
Bleecker St. & Fult. Ferry—St’k
5
May, '80
24 Feb;, ’80
315,000 A. & O.
750 0001M. &N.
....
Municipal
Var.
Var.
2,000,000
1,200,000
Apr
90
[Questions by N. T. Berks, Jr., Broker, 1 New St.]
'
hruok.lyn— Local iu,
Clty bonds
05
108*4
65
V-5
119
110
100
100
170
110
25
100
20
98
00
100
waver loan.
City Donas
Kings Co. bonds
...
do
do
Park bonds
:
Bridge
•All Brooklyn bonds flat.
*
.
Ja iu&ry & J uly,
do
do
do
do
Jo
do
do
do
do
do
do
Mav & November.
1880-1883 102*4 !C8
18c3-1891 107
118
1915-1924 130
132
1900-1924! 128
1904-1912| 129
£IG
1880-1902 104
do
1881-1890'103
1880-18831100
1880-18851114
January
do
do
&
July.
do
1924
119
1907-1910 118
130
131
110
112
111
110
121
120
101
05
[Quotations by C. Zabbiskie, 47 Montgomery St., Jersey City.]
July, ’90:uo
May, ’80,160
July, ’90 103*4
Feb.,’80 115
115
120
Mav.
Improvement bonds
H2
Bergen bonds
'93 10R
7
7
7
7
7
6
6
7
6
3
6
Bridge bonds
’85
102*
Max. ’88 074 100
Sept..’83 074 100
May, ’77 125
,
r'tm’i-
do
Park bonds
Water loan bonds
Jersey City—
Water loan .long..
do
stocks, but the date of maturity of bonds '.
1869-71
1868-69.
•
7
7
7
January & July.
a
Januarv & Juiy.
J• & J. find J & O.
January and July.
1895
1890-1002
189’-04
1900
101
108
106
100
102
too
1U0
101
July 10,
43
THE CHRONICLE.
1S80.J
Sinking fund, 1st mortgage
iuucstmcuts
“
“
$378,859
Union Railrorid Co
2d
Canton Co. sterling
226,839
29,298— $634,997
bonds.
AND
CORPORATION FINANCES.
The Investors’ Supplement contains a complete exhibit of the
Funded Debt of States and Cities, and of the Stocks and Bonds
of Railroads and other companies. It is published on the last
Saturday of every other month—viz., February, April, June,
August,* October and December, and furnished without extra
charge to all regular subscribers of the Chronicle. Single
STATE, FIT? AND
copies
are
Still outstanding
Six per cent gold bonds,
Less canceled
Still outstanding
$000,000
27,000
amount issued.$1,111,000
38,000
$573,000
$1,073,000
1
sold at $2 per copy.
INDEX SINCE JUNE SUPPLEMENT.
The following is an index to all reports and items
.
$2,528,205
Liabilities—
Canton Co. sterling bonds
Less canceled
GENERAL INVESTMENT
heretofore
published in the Investment Department of the Chronicle
since the last issue of the Investor’s Supplement j annual
reports are indexed in black-faced type :
Anthracite Coal Fields. [V. 30] 674 | Michigan Central
20
20
20
Anl hraeite Coal Trade
Atlantic Mias. & Ohio
Boston Hoosac Tunnel & Alb..
Brooklyn & Montauk... [V. 30]
20
674
Nashv. Chat. & St. L...(V. 30]
N. Y. Boston & Albany
N. Y. Lake E. & W
N. Y. West Shore & Chic.[V.30]
Ohio & Mississippi..[V.
Owensboro & Nash
20
Central Iowa
Chesap. &Deia. Canal..fV.30] 674
Chicago &Noithwest...fV. 30] 674
Chic. St. P.M.& O...[V. 30] 675, 20
Chic. R.I. & Pac
[V. 30] 673
Ciu. Ham. & Dayton.. ..[V. 30] 667
Color a. Coal & Iron Co.[V. 30] 675
St. P. Minneap.
& Man
Texas & Pacific
20
[V. 30] 675
Michigan So.... 20
Hannibal <fe St. Joseph
Houston & Texas Cent.
21
21
[V. 30] 675
Wab. St.L.& Pac
Western Union Telegraph
21
21
NEWS.
Atchison Topeka & Sante Fe.—This railroad company has
issued circulars offering to exchange its owm stock for stocks of
the Florence El Dorado & Walnut Valley, and Pleasant Hill
& De Soto branches, on the basis of one share of its stock for
ten shares of the Florence El Dorado & Walnut Valley, and one
share of Atchison for two ot the*Pleasant Hill & De Soto. The
stock of the Pleasant Hill & De Soto Railroad Company
amounts to $450,000, and of the Florence El Dorado & Walnut
Valley to $450,000.
of Atchison stock.
Atlantic
It may be necessary to issue
$170,000 more
Mississippi & Ohio.—The English Bondholders’
Committee has issued a circular, which gives
statement of bonds and coupons deposited :
Bonds deposited with English Committee
Matured coupons deposited with English Committee
Unmatured coupons deposited w ith English Committee
$3,105,000
1,141,227
4,673,025
$8,919,252
:
Total
the following
The total amount of consolidated bonds issued is $5,470,000,
whereof $3,105,000 have been deposited with the
Committee and $2,182,000 with the Amsterdam Committee,
English
[V. 30] 675
ANNUA!*
30] 675, 20
[V. 30] 675
Quincy Missouri & Pacific.....
[V. 30] 675
Flint & Pere Marquette. [V. 30] 675
Iiake Shore &
20
675
Pennsylvania RR. .[V. 30] 675, 20
Philadelphia & Read
21
Pitts. Ft. W. & Chic.. .[V. 30] 674
Portland & Ogdensburg
21
Detroit & Butler
Louisv. N. Alb. & Chic...
675
20
$1,646,000
REPORTS.
leaving only $183,000 not deposited.
The committee then gives a brief history of the legal pro¬
of Baltimore.
ceedings, from which the following is condensed: “ Many efforts
(For the year ending May 31, 1880.)
have been made on behalf of the holders of various unsecured
The annual report of W. B. Brooks, Esq., President, says: claims, amounting to over $267,000, to have their claims recog¬
President Harrison in his Union Railroad report of 1879 nized by the Court ; but they have all been successfully
asserted, ‘that as terminal facilities have been provided at resisted. May 9, 1879, the decree for the sale of the railroad
Canton, a steady increase in the revenue of the railroad has was entered. This decree ordered the property to be sold as
been the result.’ In this connection it may be interesting to an entirety, subject to the divisional liens, and provided
review what has been done in these specialties since January, that the State and railroad company should have until the
1878.
second Tuesday in January, 1880, during which time they
“The Northern Central Railway Company, at their wharf might redeem the property.
near the foot of Sixth Avenue, have erected a bulkhead along
After January 13, 1880, no tender of the amount due being
their water front; from this bulkhead a steamship pier 500 made by either party, the decree was modified by an order to
feet in length by 70 feet in width covered with an iron shed, make the bonds as well as the overdue coupons receivable in
the pier extending to the Port Warden’s line. This pier is payment for the property. The State of Virginia appealed
located 150 feet south of the elevator pier, and has all the against the decree, but the counsel of the Trustees advise that
requisite tracks and appurtenances for doing a steamship such appeal cannot stay the sale. Mr. Pleasants, the Clerk of
business.
the United States District Court, has been appointed the Master
The freight sheds, formerly located on the elevator pier, to sell the property, and the advertisement ©f the sale can be
have been removed to the vicinity of the tracks and are used published as soon as prepared, and the sale can take place
for the delivery of local freight.
ninety days after its publication.” The payment of coupons is
based
on the following statement of revenue.
Between the bulkhead and Clinton Street they have erected
Net
Gross
Working
a one-stdry tobacco warehouse, 274 feet in length by 64 feet in
revenue
revenue.
expenses.
width, built in the most substantial manner upon stone founda¬
$699,104
$1,740,838 $1,041,733
tions, covered with corrugated iron, and has a capacity of
706,964
1,074,745
1,781,710
789,158
882,973
2,500 hogsheads. They have also built stock yards east of
1,672,131
Clinton Street, with ample capacity for 400 head of cattle. And
$5,194,680 $2,999,452 $2,195,228
Total for th
are now engaged in building another steamship pier 500 feet
946,406
725,064
1,671,471
July 1, 1879, t<i
long by 120 feet wide. These improvements have demanded a May 1. 1880, to June 30, 1880
94,809
138,415
233,225
large amount of additional tracks, which, with the required
offices and appurtenances, give them improved facilities for
$563,480 $1,041,215
$1,904,696
2,195,228
transacting their daily-increasing business.
2,999,452
Add results for previous three years. 5,194,650
The storage capacity of the three existing elevators at
Canton have several times within the past year proved totally
Total for four years
$7,099,377 $3,862,932 $3,236,443
inadequate to accommodate the demand upon them. When
Expenditures for extraordinary renewals and new construction
they are full, grain on the road, destined for Canton, has to be lave been $752,841 from July 1, 1876, to June 30, 1879, and
sent elsewhere.
Thus the legitimate business is interrupted, $140,378 for the current year (June estimated), a total since
to be resumed only when shippers are well assured that there
July 1, 1876, of $893,220. The annual interest on the divisional,
is again storage room, and it is patent to the most casual ob¬ or prior, securities, as recognized by the decree, is $375,498; but
server that if the elevators were increased to double the extent
:hese securities could probably be funded, after the purchase of
of the present combined storage capacity they would still be
)he property, at 6 per cent interest, and the annual interest
insufficient to accommodate the grain seeking the natural ad¬
charge would be, in that case, $314,140. Deducting this latter
vantages of Canton as a shipping point.
charge from the average annual net revenue for the four com¬
The grading proposed in our last report along the line of
pleted years of the receivership, there wcmld remain a balance of
Eastern Avenue has been but partially accomplished, the
[5494,970. Deducting the same from the present year’s net rev¬
demand from other portions of Canton property for immediate enue, there would remain $727,075. For the purpose, however,
occupation making such improvements imperative. But the of accurately estimating the net amount which may be distrib¬
work oh Eastern Avenue will be prosecuted as opportunity uted
among the consolidated bondholders, deductions should
presents.
pe made] for necessary improvements until the property is
“ There is a present demand for several new piers and exten¬ placed in first-class condition. Deducting for such improve¬
sion of old ones, to accommodate the increasing busines of ments the annual sum of $230,000 up to April 1,1884, there
parties occupying portions of Canton water fronts. The outlay would remain on the basis of the average of the four receivers
tor these improvements commend themselves to your directors,
years a net amount for distribution per annum of $264,970—
and they will be entertained upon the theory that parties about 4*85 per cent; or, calculating on the basis of the receipts
desiring them shall, in each case, contribute in additional rent, of the present year, there would remain $497,075—about 9 per
some sum adequate to meet the contingencies of interest and
cent.
maintenance.”
When the receivers took possession, the liabilities, includ¬
balance sheet, may 31, 1880.
ing back wages, division interest, back taxes, and all other
Assets—
Stock in Union Railroad Company
$594,000 secured debts (exclusive of overdue interest on consolidated
Due by Union Railroad Co. for land purchased
$200,000
bonds), amounted to $1,156,211. This sum has. been since in¬
loans
388,836— 588,836
creased by the maturity of Atlantic Mississippi & Ohio notea
Personal accounts collectable
11,729
Canton Company
“
“
“
“
’
.
.
“
“
#
.
“
“
“
“
Stock in Chemical Company
Annuities, value @ 6 per cent
Balance in bank
fiven prior to the receivership for
back divisiosecurities
nal interest,.of
12,500
648,940
134,584 ; total, $1,290,795. This debt has been now practically
37,202 liquidated or funded. The overdue divisional
$1,893,208 various classes have been nearly all—with the consent of their
«
THE
44
CHRONICLE.
[vct„ xxxu
extended for ten years, with the option to the owners, matter, to take steps to open books for the transfer of the
off at any stock, and otherwise to act as in their judgment was for the
have been best interests of the stockholders, and to report the action
so extended, leaving only $43,030 unextended.
The other lia¬ taken at a public meeting to be held on Monday next, July 12,
bilities have all been extinguished either out of the earnings at noon. The resolution was adopted, and the President ap¬
of the railroad or by the sale, on favorable terms, of the divi¬ pointed as such committee William Cooper, John O’Brien (of
sional securities which were held as collaterals. Since then, W. & J. O’Brien), W. S. Nichols of Wall Street, Henry Earle,
however, the following divisional securities have matured : Vir¬ Samuel Schaffer, George E. Harrington and Delorme Knowlton.
ginia & Tennessee 8 per cent registered certificates, due Jan. 1,
Brooklyn Elevated Railroad.—Meyer Feuchtwanger has
1880, $84,190, and on July 1, 1880, the following additional commenced an injunction suit against the Brooklyn Ele¬
divisional securities will mature : Virginia & Tennessee interest vated Railroad Company and the Farmers’ Loan & Trust Com¬
funding bonds, 8 per cent, $260,900.
pany, and obtained from Judge Donahue, in the Supreme
“The negotiations for arrangements with western connec¬ Court, an
injunction order restraining the company from
tions for protecting the through traffic, in view of adverse issuing, procuring to be certified, or delivering any bond or
combinations and competitive lines, were diligently prosecuted, bonds for money procured or contracts made for the sale of
and would probably before this time have resulted in a formal bonds since the making of a contract with plaintiff on January
agreement to be submitted to the bondholders but for two 1,1880. In his complaint he alleges that he was induced to pur¬
causes. There was temporary dissension in this country, now en¬
chase ten $1,000 bonds cf the railway company for $.1,000, for
tirely obviated, and there were prolonged negotiations, now hap¬ which lie' received a certificate for the bonds which were to be
pily consummated, for a fusion of the English and Amsterdam issued on September 1, 1879, and which were to be delivered
Committees.
These negotiations with western connections, within three months thereafter, on the surrender of the certifi¬
thus unavoidably retarded, comprised:
cate.
He paid the money, as he claims, but has never received
“
1. A guarantee by the united Atlantic Mississippi & Ohio the bonds, and
alleges that the company have borrowed
and East Tennessee Virginia & Georgia Railroad companies of on^the bonds they agreed to issue, and have contracted money
to soli
the interest on the reorganization bonds representing the prin¬
nearly $200,000 more of bonds to other persons, and he believes
cipal of the consolidated bonds.
that if hot restrained they will disable themselves from pro¬
2. A united management, with a considerable saving in ex¬
curing from the Farmers’ Loan & Trust Company the certificate
penses.
necessary to make the bonds good.
3. A grant to the East Tennessee Virginia & Georgia Rail¬
Chicago & Iowa.—The rival claimants for the possession of
road Company, by way of an equivalent for their guarantee, of
this road have its affairs now in a somewhat complicated con¬
an amount of income bonds and stock equal to those proposed
dition.
As already noted the United States Circuit Court
to be issued to the consolidated bondholders.
owners,
for the time being, of the railroad of paying them
time. They amount to $605,584 ; of which .$562,554
“
“
“
ordered the Receiver to turn
The
over
the road to the Aurora board.
negotiations thus arrested may now, in the opinion of The
Hinckley party, however, begun to sue out a quo irarranto
the committee, be resumed with greater efficiency and more
against
the Aurora party, and the Illinois Circuit Court ap¬
probability of a successful result by the action of the Pur¬
pointed
the receiver just discharged by the Federal Court to
chasing Committee, which will, with the sanction of the meet¬ take charge
of the road pending a decision in the new suit.
ing on the 18th instant, jointly represent the English and Dutch
Later, the Aurora party applied to the United States Court for
bondholders.
an order to attach the receiver for contempt, and the motion
Since the organization of an independent committee of
was to be argued this week.—R. R. Gazette.
bondholders in Holland, this committee has at all times been
Chicago Milwaukee & St. Paul—Mineral Point.—At
anxious to bring about a fusion of interests, knowing that such
fusion,, if effected, would at the same time save expense and Galena, Ill., July 6, it was reported that the Chicago Milwaukee
expedite the foreclosure proceedings; and the committee is glad & St. Paul Railroad Company had purchased the Mineral Point
to be able at length to inform the bondholders that an agree¬ Railway and its rolling stock, and that the transfer had been
ment has been entered into with the Amsterdam Committee, perfected.
The sale was not to include the Calamine & Plattesubject to the approval of the bondholders of both committees, ville Branch of the Mineral Point. It was also announced that
the Chicago Milwaukee & St. Paul would at once extend their
on the following basis:
1. That the amended reorganization scheme is the joint new road to Dodgeville.
?
scheme of both committees.
Delaware & Hudson Canal Company.—The following is a
2. That a joint Purchasing Committee is agreed upon.
comparative statement of business of the railroads owned and
3. That the original English and Amsterdam committees, leased by the Delaware & Hudson Canal Company during the
who have received the securities on deposit, will retain control month of May, 1880 :
1879.
1879.
over them until they have obtained and re-distributed to their
Earnings.
Expenses.
Net,
certificate-holders, respectively, the new securities intended to
Pennsylvania Division
$92,274
$49,646
$42,627
“
“
“
“
be issued.
“
Under the amended scheme of reorganization the following
new securities will be issued
to the bond and coupon holders,
subject to deductions for
each $1,000 bond, with
any
dividends paid meanwhile: For
bonds.”
•
'
Atlantic & North Carolina.—This
company owns a line
from Morehead City, N. C., to Goldsboro, 95 miles.
A control¬
ling interest is held by the State of North Carolina. The
fol.owing statement for the year ending May 31 was made at
,
Gross earnings
meeting:
84,473
130,308
59,891
94,634
24,581
35,673
37,238
26,066
11,171
New York & Canada
Totals
$344,293
all coupons from October 1, 1875, in¬
clusive, $1,000 reorganization mortgage bond, $897 reorganiza¬
tion income mortgage bond, $100 stock. For all detached over¬
due coupons an equal amount at par of income mortgage
the recent annual
Albany & Susquehanna
Rensselaer & Saratoga
Pennsylvania Division
Albany & Susquehanna
Rensselaer & Saratoga
1880.
Eamiings.
$91,372
109,405
Expenses.
Net.
$53,757
$37,614
34,053
141,391
53,482
New York & Canada
Totals
*
$114,054
$230,239.
1880.
$395,652
Net
*
35,969
47,610
17,513
Increase.
*$5,012
9,472
11,036
6,342
$259,460
$136,191
$22,137
75,352
94,381
Decrease.
Denver & Rio Grande.—The
following additional details
given in this company^ statement, submitted to the New
$94,114 York Stock Exchange when the committee placed on the regu¬
62,022 lar list the $16,000,000 stock and the $8,475,000 first consolidated
$32,091 mortgage bonds of the company. The length of completed
road in operation is as follows :
$5,250
Miles.
were
-
Expenses
r
Net
earnings
Judgments, debt, due United States, &c
Coupons
11,320
.
Taxes, &c
Rebuilding wharf destroyed by storm at Morehead City.
—
Balance
From Denver to Elmoro and Alamosa
Branch to Elmoro Colliery.
'.
From Pueblo to Canyon City aud collieries (Arkansas Valley
3,289
3,999
23,859
$8,232
Boston &
Albany—Springfield & Northeastern.—A special
meeting of the stockholders of the Boston & Albany Railroad
held to see if the stockholders would approve of the pur¬
chase of the Springfield & Northeastern Railroad, and approve
of a lease of the Spencer Railroad.
Mr. Rumrill gave a
was
description of the Springfield & Northeastern road, its financial
status, yearly earnings, etc. The earnings for the present
year are estimated at $100,000, and perhaps more. The road is
out of debt.
The amount proposed to be paid for the
property
is $450,000, with interest at six per cent from
July 1,1879, after
deducting all sums paid since that time as dividends and
interest.
The purchase and the lease were both
approved.
Boston Hartford & Erie.—The New York Time*
report says
•
that about forty persons, claiming to be interested as stock¬
holders in the old Boston Hartford & Erie Railroad Co., met.
201
3
40
Division)
Total in operation
In course of construction, of which 100 miles arc
and in operation, commencing May 15, 1880
First consolidated mortgage bonds authorized
337
completed
565
i
$30,000,000
Capital stock, in shares of $100 each, amount authorized... 30.000,000
8,500,000
7,500,000
Stock issued ou account of completed road
Stock issued on road under construction
....$16,000,000
Total stock issued
First mortgage 7 per cent bouds, covering (by a
291 miles from Denver to Elmoro and Alamosa
first lien)
6,382,500
First
mortgage seven per cent bonds, “Arkansas Valley
Division,’’covering (by a first lien) the Arkansas Valley
Division of 43 miles between Pueblo and Canyon City
Total
1,040,000
$7,422,500
First consolidated mortgage
bonds to be issued to lift the
outstanding bonds as above
And in aid of tho construction of the future extensions of
the road; of not less than 1,450 miles
7,422,500
22,577,500
Total
.$30,000,000
July 8, in the office of Mr. John Rooney, No. 3 Pine Street. Mr'
The amount to be issued on all new road is limited by the
Rooney claims to be the President of the company. In calling
the meeting to order, he told the gentlemen present that
* *
they mortgage to $15,000 per mile.
and others who, though not present, were co-operating with Application is now made to list these bonds to the amount of. $3,475,000
$1,000 each, numbered 1 to 8,075; $500 each, numbered 1 to 800.
them, had been deprived of their property in the railroad by OfInthis
auiou nt there have been issued and are now outstaudr
fraud and collusion such
had never been known in this or
any other country, or in the affairs of any other railroad corpo¬
ration. Mr. William Cooper offered a resolution
appointment of
a
as
calling for the
committee to act with the President in this
$3,500,000
ing
The
remaining bonds
to be issued at a rate not exceeding
$850,000 per month from and after June 1
Total
are
4,975,000
$3,475,000
July
THE
10, 1880.]
45
CHRONICLE.
expenses in 1879 were 59 9-10 per cent.
except current construc¬
Interest on bonds is at the rate of 4^ per cent to September,
certificates appertaining
1882; thereafter 6 per cent. After September, 1882, the inter¬
to the bonds of the Arkansas Valley Division, which it is
est will be increased 1% per cent on $13,394,000, amounting to
designed to pay off this summer. The receivership, which $200,910.
arose out of tne controversy with the Atchison Topeka & Santa
The road will therefore earn, the current year, more than 6
Fe Railroad Company, has been terminated by decree at Wash¬
per cent interest on the debt.
ington, March 27, 1880, signed by Justice Miller, who likewise
Evansville & Terre Haute.—A despatch from Evansville,
decreed the Grand Canyon of the Arkansas and the entire dis¬
puted line to Leadville to belong to the Denver & Rio Grande Ind., July 6, says: The Evansville & Terre Haute Railroad to¬
Railway Company, which is now in possession of the same. All day filed their first mortgage bond to the amount of $1,500,000
litigation and controversies are now settled between the two in the County Recorder’s office. The Farmers’ Loan & Trust
companies.
Company, of New York, and J. M. Shackleford, of this city,
Denver South Park & Pacific.—The following is from an mortgagee in trust, will negotiate for the new bonds.
The
The company has no floating debt
tion accounts and $109,200 in coupon
official statement of the affairs of this company: It was
chartered June 14,1874, under the laws of the then Territory
of Colorado, authorized to construct and operate a narrow-
the South Park and
Colorado and the
gauge railroad from the City of Denver by
She Valley of the Arkansas to Southwestern
Pacific Ocean, with various branches. The following is now in
operation: Main line, Denver to Buena Vista, 185*1 miles; Gun¬
nison Extension to Hortense, 6 miles; 141*1 miles. Branches—
Bear Creek Junction to Morrison, 8*8 miles ; Como to upper coal
mine (toward Breckenridge), 1 mile ; Como, south to lower coal
mine, 3 miles; total, 12*8 miles; total owned and operated,
153*9 miles. Side track, 13*03 miles. Gauge, 3 feet. The
extension of the main line to
Gunnison City, a distance of 58
miles beyond the end of track at Hortense, is now mostly
under contract for completion in November next, or as soon
thereafter as practicable. Trackage has been leased to the
Denver & Rio Grande Railway Company over this extension at
a rental equal to 8 per cent per annum upon one-half its cost,
in addition to one half of its maintenance. Under the same
contract the Denver & Rio Grande Railway Company has
extended its line to Leadville from its intersection with the
Denver South Park & Pacific Railroad at Chalk Creek, and
leased to it upon the same terms, equal rights in perpetuity.
The same agreement between these two companies provides
for the pooling of all the receipts derived by them from the
business of their roads on the joint trackage from Denver anc
Pueblo.
The road has been constructed by the parties who own it,
Galveston Houston &
1
on
paid
Henderson.—Default
was
made July
which usually
interest through Messrs. F. P. James & Co., No. 40 Wall
the first
mortgage bonds of this company,
Street. The bonds on which default was made are the $1,500,000 first mortgage 7 per cent gold bonds issued December, 1871,
and due in 1902. The default appears to be a very disgrace¬
ful one, as the road report net earnings about double the
amount necessary to pay its interest. Bondholders will proba¬
bly do well to take steps without
protect their interests.
and
delay to employ able counsel
This road
Grayville & Mattoon.
decree of the United States Court to
cago, for $600,000, of which
in receiver’s certificates, and
was
sold, July 2, under
Cummins, of Chi-
$10,000 was paid in cash, $180,000
the rest in
a
mortgage of the road.
operations of the Louisville &
for its fiscal year ending June 30
Louisville & Nashville.—The
Nashville Railroad Company
are
given below:
earnings
Operating expenses
Gross
$7,299,000
4,132,000
$3,167,000
. —
Net earnings
.
Interest on bonded debt
2,076,000
Leaving
*
.
$1,091,000
$11,000 more than 12 per cent on the capital stock for the
year. From this was paid in February last a dividend of 3 per
cent, and the board has this day declared a dividend of 5 per
cent, payable August 2, leaving 4 per cent to credit of sinking
or
nearly all citizens of Denver, and is reported to be one of the fund and surplus accounts.
most substantially built and best equipped in the country.
The following is a comparative statement for the years end¬
On the construction and equipment of the 150 miles now oper
ing
June 80, 1879 and 1880, of the Louisville & Nashville Rail¬
ated the stockholders have expended in cash $2,550,000. Thu
road and branches—Nashville & Decatur and South & North
150 miles is bonded for only $1,800,000.
Alabama Railroads—and Evansville Henderson & Nashville
The railroad company owns 87^ per cent of the stock of the
Division, from August 1,1879, to June 30, 1880:
South Park Coal Company, which has 2,000 acres of coal land
Net
Gross
Operating
at or near Como, in the £k>uth Park, about half way between
Interest.
earnings.
expenses.
earnings.
Denver and Leadville, on which are two well-opened mines.
Year ending June
$1,886,000
$2,231,800
$3,155,800
The capital stock authorized is $5,000,000, on which there
30, 1879
$5,387,600
has been issued on 150 miles of completed road, $3,500,000. Year ending June
1,881,000
2,833,000
3,416,000
6,249,000
1880
All further issues of stock are to be limited to the rate of
mile of completed extension and branches. The
bonds to be issued are $2,500,000, of which there
have been issued, at the limited rate of $12,000 per mile of com¬
pleted road in actual operation, $1,800,000. Bonds dated
August 1, 1876, principal and interest payable in United States
gold coin of or equal to the present standard and free from
United States taxes. Principal payable in the city of New York,
May 1, 1905. Interest payable May 1 and November 1, at the
rate of 7 per cent per annum, at the agency of the company in
New York, London or Frankfort-on-Main, at the option of the
holder. Bonds $1,000 each, numbered from 1 to 2,500, inclu¬
sive, with provision for their registration, and secured by a first
mortgage upon its line of road from Denver to the extent of
208 1-3 miles, its equipment, depots, shops, franchise and
other property. A sinking fund of 1/6 per cent per annum on
the amount of bonds outstanding is applicable, after August 1,
1886, to the amount of bonds by annual drawings for their
redemption at par and accrued interest. Farmer’s Loan &
Trust CJompany of New York, trustees. The company has no
other bonded debt, and is substantially free from floating debt.
Earnings for the year ending June 1, 1880, were $1,659,764 ;
expenses, $560,934 ; net earnings, $1,098,829.
Officers—President, John Evans; First Vice-President, W. S.
Cheeseman; Second Vice-President, C. W. Fisher; Secretary,
George W. Kassler; Secretary pro tern., L. H. EicholtzJ; Treasurer, C. B. Kountze ; Auditor, Charles Wheeler.
Trustees—John Evans, W. S. Cheeeeman, C. W. Fisher, J.
Sidney Brown, D. H. Moffatt, Jr., C. B. Kountze and H. W,
Smith, of Denver, Col.; Jay Gould and Russell Sage, of New
$20 ,000
per
first mortgage
30,
year ending
June 30.1880..
E. H. & N. for 11
months
Inc.
$861,400
$260,200
$601,200
Deo. $5,000
648,000
429,000
219,000
120,000
Increase includ’g
E. H.&N. Div.$1,509,400
$689,200
$820,200
$115,000
Metropolitan Elevated.—At the annual meeting the former
exception, were re-elected, Mortimer Ward
being chosen to take the place of F. Mera. The board is con¬
stituted as follows : William R. Garrison, John Baird, Jose F.
de Navarro, William Foster, Jr., George M. Pullman, Horace
Porter, John P. Kennedy, William Adams, Jr., George J. For¬
rest, Charles H. Clayton and Mortimer Ward.
New York City.—By the assessors returns the increase in
the valuation of real estate for this year is $24,437,310. This
increase is mainly due to the fact that that the value of prop¬
erty on the upper end of Manhattan Island has nearly doubled.
The increase in the First Ward has been $966,800; in the
Twelfth Ward, $6,936,185; in the Eighteenth Ward, $1,267,650;
in the Nineteenth Ward, $9,263,220; in the Twenty-second
Ward, $1,678,620. The increase in valuation of personal estate
property has been $25,259,082, and this is said to be mainly due
to the efforts of the Commissioners of Taxes and assessments, to
compel corporations and individuals to pay the proper tax.
North Carolina State Bonds.—The new consolidated 4 per
cent bonds have been admitted to the New York Stock Ex¬
change. The following statement was made : “ The State of
forth Carolina is now issuing its bonds, having upon their faoe
The Consolidated Debt of the State,’ in pursuance of an act
York.
entitled an act to compromise, commute and settle the Stat-e
Eastern, Mass.—The following favorable report and esti¬
debt, ratified March 4,1879. They are in sums of $1,000, $500,
mates are made by parties interested in this company :
$50, each denomination numbered from 1 upwards;
Gross earnings Sept. 30,1979, to April 30, 1880 (7 months). $1,547,197 $100 and
dated
July
1,1880, payable July 1,1910, bearing interest from
Gross earnings Sept. 30,1878, to April 30, 1879
1,302,566
directors, with one
payable Janu¬
the Treasurer; receivable at and
taxes. The act provides
the principal of certain out¬
standing bonds of the State, with all the unpaid coupons at¬
tached, some at 40 per cent, some at 25 per cent and some at 15
per cent of the principal, viz.:
their date at four per
Burnings for the year ending Bept. 30, 1879
Add for 1880, 19 per cent increase
$244,631
$2,485,977
472,335
And the gross receipts will be
1^88 expenses estimated to be 60 per cent
$2,958,313
1.774,987
Increase in
Net
seven
months (about 19 per oent)
$1,183,325
earnings, 1880
293,996
Less rent of leased roads
Balance a
Interest in 18 )0
on
>le to interest
funded debt, &o
Balance equal to about
3^
per
oent on $6,000,000 stook*
*’$5,000,000 Eastern stook and $1,000,000 Portsmouth
4rOonway, which carries same dividend as Eastern.
$889,329
6t>6,261
$223,068
Great Falls
cent per annum; coupons
ary and July, at the office of
after maturity for any and all State
that they shall be exchanged for
$5,577,400 at 40 per cent.
3,217,045 at 25 percent
3,888.600 at 15 per cent
-
-
804,261
583,290
$12,683,045 total bonds to be exchanged.
(k()0.0Kt1
Total four per cent bonds authorized
..$3,618,511
WA letter from the Treasurer,June 17,1880,states that $6,461,445 of these old issues have been surrendered and new four
THE
46
CHRONICLE.
[VOL. XXXI.
cents issued in exchange for the same, viz.: No. 1 to 1,590, $417,043; the payments for wages, interest, &c., $406,194, and?
$1,000 ; No. 1 to 417, $500 ; No. 1 to 8S7, $100 ; No. 1 to 238, the balance on hand, $10,843.
—From London we have the first report of the English bond¬
$50, numbers will be furnished from time to time as further
holders’ committee, dated June 18. This committee is in the
issues are made.
Other bonds of the State, amounting to about $13,000,000, interest of the Messrs. McCalmont, the English bankers, who*
have managed the Reading
are excluded from the compromise, and no provision is made
Company in London. The com¬
mittee is composed as follows: The Right Hon. Earl Cairns,
for them.”
The Raleigh O’server recently made the following comments chairman; W. J. Cookson, W. Fowler, M.^P., Coleridge J. Ken©n the subject of the State’s debt:
nard, Hugh McCalmont, Henry H. McNeile, R. C. Naylor,.
The Treasurer, Dr. Worth, has made satisfactory progress Richard Potter, T. W. Powell.
The following are extracts from the report and appendix
in his funding operations, and merits congratulations for his
success.
There were outstanding and subject to be funded which contains statistics additional to what has been published
$5,577,400 of old bonds belonging to the 40 per cent class. Of in this country:
A comparison of the net earnings of the companies during
these the Treasurer has funded $3,003,500, being more than onehalf. Of the second class there were outstanding $4,700,045 the five months ending 30th April in 1879 and 1880, and also
bonds; of these there have been funded, at 25 per cent of their during the months of April in 1879 and 1880. The committee
face value, $1,814,045, being more than one-third. Of the third have further ascertained, in answer to inquiries sent by them
class, for which only 15 cents on the dollar is offered, there by telegraph to the receivers, that the general or floating debt
of the company had been increased between the 1st of Decem¬
was outstanding $3,888,600, and there has been funded of this
class $1,643,900, being more than one-third. The entire debt to ber, 1879, and the 30th of April, 1880 (the latest date supplied
be funded amounted to $14,166,045, and of this Dr. Worth has to them), by about $3,604,000, a considerable portion of which,,
been able to retire $6,461,445, issuing in substitution thereof 4 however, is stated to be represented by the items of valueper cent bonds to the amount of $1,901,495. Thus far, there¬ mentioned in the appendix under this head.”
The following figures are taken from the appendix :
fore, we have gained by the funding operation $4,559,949.
Were all the bonds issued still in existence and capable of
PHILADELPHIA A READING RAILROAD COMPANY.
BALANCE SHEET NOVEMBER 30, 1879.
being presented, there would yet remain $7,704,600 to be
funded ; but it is probable that a considerable number of these
Tn funded Debt.
$7,550,079
bonds will not come to light and will never be presented at the Floating debt
Note.—For part of this there are pledged as col¬
Treasurer’s office. We may safely estimate, therefore, that
lateral security, $5,000,000 geueral’mortgage
per
“
“
4897881
one-half of the actual debt intended to be funded has been pre¬
sented and has been retired, and that, when the funding opera¬
4 per cent debt will amount
annual interest of $160,000.
This showing, we say, is highly satisfactory, and Dr. Worth
deserves, and will receive, the thanks of the State for the skill
and acumen with which he has conducted this great and im¬
portant service. By the way, the bill under which the Treasury
Department is now operating is not materially different from
the bill which we matured when in the Legislature in 1871-72,
and which passed the House of Representatives at that time.
The following is a resume of the Treasurer’s transactions to
date: Bonds surrendered—40 per cent class, $3,003,500 ; 25
per cent class, $1,814,045 ; 15 per cent class, $1,643,900 ; total
surrendered, $6,461,445. Four per cent bonds issued—For the
40 percent class, $1,201,400 ; for the 25 percent class, $453,511 ;
for the 15 per cent class, $246,585 ; total new bonds issued,
$1,901,496. This includes all certificates for small balances
tions are practically ended, the new
to more than $4,000,000, bearing an
due.”
“
bonds.
Debts
*
for current
wages,
business, including rentals,
materials, drawbacks and
thy incuts
to
2,443,576
connecting lines
98,165
State taxes
$10,091,821’
PHILADELPHIA A READING COAL AND IRON COMPANY.
BALANCE SHEET NOVEMBER
30, 1879.
Liabilities.
Purchase money mortgages oil various estates...$12,605,000 '
Other bonds and mortgages on real estate
742,898
Locustdale Coal Company’s extended loan
156,000
$13,593,898
$1,731,000
27,880
Debentures
Unpaid interest
$15,352,778
Average interest about 7 per cent.
Note.—The mortgage and other debts to the railroad
company are stated lower down.
Floating debt
$1,507,830Current business debts
247,474
Wages aud materials
476,033
State taxes
143,902
-..
Ohio &
Mississippi.—Mr. John King, Jr., receiver of the Ohio
& Mississippi Railroad, filed his report in the United States Courtin Cincinnati for the month of
May,
as
follows
:
Receipts.
hand May 1
from station agents
from conductors
from individuals and railroad companies
Cash from Adam’s and American Express Companies
Cash.
Cash
Cash
Cash
on
Total
$23,572
378,511
5,126
68,006
729
$475,946
Disbursements.
Touchers prior to November 18, 1876
Vouchers subsequent to November 17, 1876
$5,917
292,902
Pay i-olls
137,739
Averages
Cash on hand June 1
Total
*'
Note.- The amount of open
debt given in the
published balance sheet of the railroad com¬
pany is $5,177,919.
Capital stock (all held by railroad company)
the Union Pacific & Kansas Pacific railroads.
Philadelphia & Reading.—George M. Dallas and Joseph A.
Clay, masters under the receivership of the Reading Railroad
and the Reading Coal & Iron Company, have filed a report in
the United States Circuit Court favoring the proposed exten¬
sion of a loan of $70,000 made to the Reading by the Massa¬
chusetts Loan & Trust Company of Boston, to secure which
a large quantity of coal was
pledged. The masters state that
the receivers are unable to take up the loan and that the Trust
Company is willing to extend it. Judge McKennan has affirmed
the report authorizing the extension of the loan.
In the suit of foreclosure the receivers already appointed
have been made receivers.
The [masters appointed by the
United States Circuit Cou rt in the case of the Philadelphia &
Reading Railroad and Coal & Iron Companies filed their first
report July 2. They say that the receiver’s accounts as to the
railroad company from May 25 to June 12, inclusive, have been
examined and found to be nearly correct. The account as to
the Coal & Iron Company from 5lay 25 to June 23 was examined
and found correct. The account of the railroad company shows
that the receipts were $2,719,014 and the balances on hand
$151,803. The payments for wages, salaries and contingent
expenses were $862,602, and for interests, &c., $1,856,412.
The
account of the Coal & Iron Company shows the receipts were
44.991,914
8,000,000
$70,719,934
-
The materials for the following statement of the earnings*:of the Rail¬
road Company and loss of the Coal and Iron Company are gathered,
from the company’s reports.
The former include the results of working
the steam colliers and barges, aud the two leased canals; but the figures
areouly given as approximate:
„
Loss of Coal and
Earnings of
Railroad
1876.
*
Iron'Company.
Company.
about $5,145,000
about 5,300,000
about 4,305,000
about 3,504,000
about 4,277,000
about 4,174,000
about 4,000,000
$475,946
in which he claims that
services should be with¬
held, and not the one-half thereof. He holds that the act of
May 7,1878, applies not only to the roads of the Union Pacific
and of the Kansas Pacific Railroad companies, but to all lines
leased or operated by those companies or consolidated with
them ; consequently he directs that payment be withheld for
Government transportation over the Denver Pacific, the Sioux
City & Pacific, and the Central Branch Union Pacific, as well as
29,737,965
10,000,000
5,253,948
;....
38,985
ices performed for the Government,
the whole of the earnings for such
Mortgage of 1874
Mortgage of 1876
Open debt
380
Pacific Railroads.—The Attorney-General of the United
States has tendered an opinion in regard to withholding pay¬
ments from Pacific Railroad companies for transportation serv¬
over
$2,375,241
Debt to railroad company—
C Not given in
!
<
(
the reports for
these years.
*$203,642
755,478752,049
699,450
«
Eleven months.
COMPARISON OF REVENUE BETWEEN THE FIVE
30 IN 1879 AND 1880.
MONTHS
ENDING APRIL
Xct loss
$272,463.
$1,173,196
175,835
1,513,530
:
of
Coal Co.
Railroad.
Aggregate gain for five months, $436,962; for April alone,
$144,087
INCREASE OF FLOATING DEBT.
The receivers have forwarded a statement showing, that there is am
increase in the amount owing by the two companies for floating debt*
materials, Ac., on April 30, 1880, as compared with November 30, 1879,
of about $3,604,000.
Among the items given to explain this increaedthe following appear to be represented by value:
Coal and Iron Company.
Railroad Company.
Furnaces and iron work. .$482,000Worked on leased rail¬
,
160,000roads about
$144,000 Collieries
Increase in materials
97,000
Increase in stocks and
bonds held by the com¬
$739,000
pany
707,000
Increase of materials on
hand
437,000
New engines and cars..
509,000
New trucks and sidings.
100,000
New bridges
' 294.000
$2,191,000
Railroad Company
Coal and Iron Company
.
$2,191,000.v:
739,000
$2,930,000’
Less decrease in cash and other assets.
300,000
$2,630,000
Pittsburg Titusville & Buffalo.—The consolidation of this
with the Buffalo & Southwestern had been accepted as
an accomplished fact, and was voted unanimously by the stock*
holders of this company. But the Buffalo & Southwestern
stockholders failed to give a majority in favor of it.
company
July 10,
%
e
O O T T O N
Cunxnxeraal jinxes.
Friday Night,
The Movement of the Crop, as indicated by our telegrams
from tbe South to-night, is given below.
For the week ending
this evening (July 9), the total receipts have reached 14,070
July 9, 1880.
bales, against 17,057 bales last week, 23,511 bales the previous
and 19,870 bales three weeks since, making the total
receipts since the 1st of September, 1879, 4,856,204 bales, against
4,427,572 bales for the same period of 1878—9, showing an increase
closed early in the week and
business nearly ceased.
Latterly there has been an active
movement in breadstuffs, but generally trade has hardly re¬
covered from the holiday quietude.
There is, however, a
cheerful feeling pervading mercantile circles, notwithstanding
rumors of injury to the crops.
Money continues very cheap,
although Secretary Sherman has ceased, for the present, to
purchase United States bonds for the sinking fund.
Until within a day or so the provision market has been
-extremely firm, in sympathy with the heavy speculative move¬
commercial exchanges were
week
September 1, 1879, of 428,632 bales. The details of the
receipts for each day of this week (as per telegraph) are as follows:
since
steady.
on
the
r
215
895
45
94
Charleston
234
63
Port
....
New Orleans
...
Mobile
Royal, &c.
284
218
Ill
Brunswick, &e.
Indianola, &c...
Tennessee, &c..
....
711
Florida
....
Moreh’d
Gity,&c
m
Norfolk
,
94
mmm
....
City Point, «&c..
....
Totals this week
1,521
466
2,365
2
563
740
147
97
72
707
•
••
.
168
....
429
973
....
....
....
....
368
202
....
34
5
5
2,297
6,300
....
748
217
110
....
....
....
55
11
433
1,590
....
624
624
2,063
4,563
14,070
•
•
•
82
1,764
....
....
11
•
....
....
1,129
....
....
....
1,530
62
....
....
544
....
1,417
....
....
30
88
473
21
....
....
14
30
....
2,624
^
for comparison, we
146
36
....
....
....
....
....
616
....
....
Galveston
Wilmington
27
Total.
Fri.
Tliurs.
Wed.
Tues.
....
98
Savannah
Chicago.
Lard also was lower to-day, with prime Western sold
spot at 7*25c., closing at 7*20c., and for July 7‘20@7T5c,;
Mon.
Sat.
Receipts at—
To-day, however, there was a slight break,
and new mess pork was sold on the spot at $13@$13 20, and for
August at $12 90; September and October quoted $12 55@$13.
Bacon sold in a small way at 7M@7%c. for long clear and 7*95c.
for short clear. Cut meats have been fairly active and about
ment at
9, 1880.
Friday, P. M., July
COMMERCIAL EPITOME.
The
47
THE CHRONICLE,
1880.]
_
this
showing
A _ _
continue our usual table
7'30@7.‘27%c., October 7’30c.r; week’s total receipts and the totals for the corresponding weeks
7*12%@7T5c.; refined to the Continent sold at 7‘67%c. I of tlie four Previous years :
August 7*22%@7*20c., September
seller year
the finer grades,
Port
July 3:
1 to
1878-79.
1879-80.
Pork
lbs. 51,268,800
Bacon
lbs. 579,925,809
Lard
Total
52,160,400
Increase.
575,814,891
4,1 i6,918
..lbs.230,950,533
247,302,580
33,147,958
lbs.912,145,147
875,777,871
37,258,876
The market for
Decrease.
891,600
week
are
656
1,175
1,243
2,364
740
149
313
109
205
707
66
194
267
355
93
353
continued very quiet,
only 300 hhds., of which 200 for
350
903
6S9
384
1,129
727
546
389
324
5
2
3
ft
6,300
550
1,021
1,011
.
.
_
.
1,319
7
14
66
39
439
173
108
1,590
436
611
399
564
63
18
29
Florida
....
North Carolina
Norfolk
....
...
544
Savannah
Tennessee, &c
891,600
.
....
Indianola, &c
Kentucky tobacco has
-and the sales for the
2,365
Royal, &c
Galveston
1876.
1877.
1878.
1879.
1880.
which are scarce. | Receipts this w’k at
Orleans
Cheese has been quieter and slightly easy. The following is a New
Mobile
comparative summary of aggregate exports, from November Charleston
Butter ruled firm for
624
City Point, &c
....
....
4,404
6,005
5,287
3,032
14,070
Total this week
export, and 100 for home consumption. Prices are quoted at
Total since Sept. 1. 4,856,204 4,427,572 4,248,551 3,949,162] 4,070,775
4@5%c. for lugs, and 6@12c. for leaf. Seed leaf has met with
a fair demand, the sales for the week aggregating 1,250 hhds.,
The exports for the week ending this evening reach a total of
as follows: 450 cases 1879 crop, New England 2ds, 10%@lle.;
30,905 bales, of which 17,206 were to Great Britain, 8,503 to
350 cases 1879 crop, New England, 16%c.; 300 cases 1879 crop, France and 5,196 to rest of the Continent, while the stocks as
made un this evening are now 237,220 bales.
Below are the
Pennsylvania, 18@22c.; and 150 cases sundries, 9@22c. There
exports
for
the
week
and
to-night,
a
with
stocks
and
comparison
has been a limited inquiry for Spanish tobacco, and sales are the
corresponding period of last season.*
only 450 bales Havana at 88c.@$l 10.
...
groceries a good trade has been daily reported, and all
prices have been firmly sustained. To-day Rio coffee was
♦quieter and perhaps not as firm as of late ; fair cargoes quoted
*-at 15c.; jobbing lots, 13%@16%c. Mild grades ruled firm and
in demand at 23@25c. for Java and 14@lSc. for Maracaibo.
Rice was quiet at 6%@7%c. for Carolina and 5%@6c. for Ran¬
goon. Molasses steady at 36c. for 50 test Cuba refining.
Raw
refining
sugars ruled steady at 7%@7*81c. for fair to good
Cuba
In
Mobile..
freight
room
London, by steam, 7%d.; provisions, 30@>40s.; grain to Glasgow,
by steam, 8d.; do. to Hull, by steam, 8%d.; do. to Leith, by
steam, 8d.; do. to Cork, for orders, 5s., free elevating, and 5s.
6d.
5s.
regular; do. to Stockholm, 6s.
3d.; do. to Dunkirk, 5s. 3d.;
crude
l%d.; do. to Copenhagen,
naphtha to Havre, 4s. 6d.;
petroleum to Alicante, 4s. 6d.;
refined petroleum to the
Baltic, 4s. 6d.(a4s. 7%d.; do. to Antwerp, 4s.; cases to Gibraltar,
Tor orders, 22c.; do. to the Levant, 22c.; do. to Java, 25c.
In naval stores little of importance has occurred, and values
have been somewhat unsettled; spirits turpentine closed at
127M@27%c. ; strained to good strained rosins,t $142%@
$1 47%. Petroleum has had a free movement for export, and
refined closed strong here at 10^4c. bid; crude certificates have
....
Savan’h.
Galv’t’n-
....
....
....
....
....
17,206
64,775 17,549
6,503
2,382
117
2,083 \
1,635
5,146
....
....
«...
431
1879.
80
4,671
2,259
5,526
122,817
119,715
3,660
1,787
14,472
1,334 19,000 19,000
5,196
30,905
9,554 237,220 167,590
12,477
....
....
8,503
1880.
4,129
....
....
3,064
—
1879.
STOCK.
....
....
Tot.aince
Sept. 1.. 2497,547 370,073 846,062 3713,682 3355,756
......
......
Bal¬
Liverpool.*
♦The exports this week under the head of “ other ports” include, from
timore, 1,050 bales to Liverpool; from ■ Boston, 1,482 bales to
and 80 to other foreign ports; fromiPhiladelphia,[2,050 bales to Liverpool,
it will be seen that, compared
last season, there is an incream
From the foregoing statement
with the corresponding week of
in the exports this week of 21,351
bales, while the stocks to-night
69,624 bales more than they were at this time a year ago.
In addition to above exports, our telegrams to-night also give
us the following amounts of cotton on shipboard, not cleared, at
are
the ports
which are
named. We add also similar figures for New York,
prepared for our special use by Messrs. Carey, Yale &
Lambert, 60 Beaver street:
On
July 9, at—
Great
Britain.
France.
480
2,000
None.
None.
None.
None.
j
Shipboard, not cleared—for
None.
None.
None.
None.
None.
3,795
New Orleans
Mobile
1 unarleston
latterly been irregular, and closed dull at $1 11% bid and
$1 12% asked. American and Scotch pig irons ruled dull, and
( Savannah
the: latter shows much weakness. Ingot copper has also been Galveston
New York
somewhat easier at 19c. for lake. Wool is firmer, and sales for Other ports
the week include X and XX Ohio fleece, 47@48%c.; East India,
Total
40c.; spring Texas, 26%@31c., and Oregon unwashed, 35@39c.
....
....
Week.
....
....
336
Same
Week
13,757
2,052
....
....
4,591
week..
nent.
....
....
Other*..
Conti¬
8.167
this
Total
....
9,077
N. York.
Tot. this
Ocean
France.
3,538
Charl't’n
has latterly been more active, and steadier
rates have taken place. The engagements and charters to-day
included: Grain to Liverpool, by steam, 5%@6%d., latter for
standard bushel; cotton, %d.; provisions, 30@40s.; grain to
S/£@8%c. for Centrifugal. Refined active and firm at
for standard “A” and 10%@10%e. for hard grades.
Great
Britain.
N. Orl’ns
9%@
10c.
;
ending
July 9.
Norfolk-
and
EXPORTED TO—
Week
6.275
•
Other
Coast¬
Foreign
wise.
None.
None.
None.
None.
50
None.
300
None.
227
None.
Not rec eived..
None.
None.
577
Leaving
Total.
3,?9o
Stock.
707
60,980
6,503
2,033
4,846
4,819
2,000
31,472
6.852
110.653
None.
50
300
IHE CHRONICLE
48
The
following is
cotton at all the
usual table showing the movement of
our
ports from Sept. 1 to July 2. the latest mail dates:
EXPORTED SINCE SEPT. 1 TO—
Great
Britain.
1878.
1879.
CO
03
2.
France.
S
Stock
Other
Total.
Foreign
CO
H
Bav’h..
724,998
Galv.*.
469,107
210,577
20,141
N. York
Florida
N. Car.
147,540
56,428
134,961
558,706
213,187
102.976
Norf’k*
725,540
286,773
Other..
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a
a
•
a
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a
a
a
a
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ir
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23,863
240,794
252,008
1,177
10,447
35,487
251,185
277,326
8,912
1,479
25,318
....
1,087
14,793
29,000
©
a
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2480,341 361,570 840,866 3682,777 266,162
last year...
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876,173 253,057 251,05^ 1380.283 76,599
84,189 10,143 17,355 111,687
6,676
154,040 20,625 170,109 344,774
2,371
185,152 18,950 219,990 424,092
6,393
220,291 23,831 49,679 293,801
4,833
443,831 32,308 88,003 564,142 124,410
704,778
562,029
® o
o
-
N.Orlns 1472,022 1171,191
Mobile. 351,370 361,488
Char’n* 478,630 514,232
QSgf
3.E.®
^52?-
»—>
B
RECEIPTS SINCE
SEPT. 1.
Forts.
00
P>
[Vol. XXXI,
V}
e?
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to
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$
pi
V5
4424,540 2019,7911410,6871915,724 3346,202 180.469
Q
MM
*
Under the head of Charleston is included Port Royal* Ac.: under the head of
Galveston is included Indianola. &c.; under the head of Norfolk, is included City
oint. Ac.
The market
The
MM
MM
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CC
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closed from
was
reopening
MM
Saturday to Tuesday, inclusive
Wednesday was at some improvement, in
on
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from abroad, but there
response to stronger accounts
much demand to sustain the
concession from the
however,
an
market, and the close
was
was
MM
not
Oi CP
1^*00
prices of the previous Friday.
easier opening was followed by
Yesterday,
advance, which
an
fully maintained at the close, with July—the object of some
special effort—making the most decided improvement. But the
steady, the opening
close
hut
not
slight further advance, and the
Cotton on the spot was dull on Wednesday,
fairly active for export
quotably higher.
on
To-day there
The total sales for forward
hales, including
export,
are
free
on
MM
mmm
©6
00
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mm§
a
was
advance of l-16c., to
an
fair export.
delivery for the week
board.
are
83.800
For immediate delivery the
I
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bales
UPLANDS.
were to
The
arrive.
following
Middling...
Good Mid
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to to
Strict Ord..
Good Ord..
Btr. G’d Ord
Low Midd’g
c+
1 ®:
MOO
quotations and sales for each day of the past
Sat.
*a
©M
i
week:
July 3 to
July 9.
o
®
o©
-qc
M
|®S
this week 2,963 bales,
Of the above,
the official
MM
MM
05X0.1
including 1,700 for
1,093 for consumption, 167 for speculation, and
in
transit.
<|M
MM
M
Thursday, with prices firmer, but
ll|c. for middling uplands, with
sales foot up
©CO
MM
c ©
was at a
quite buoyant.
total
HHg
M 1—*
1
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►7^0
too
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To-day, with Liverpool quite
cc
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was
demand continued very small.
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at some
*1
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i ©
98
i i
w
-4
Midd’g Fair
CO
Fair
Wed
Tb.
Frl.
She
87j6 8%
Strict Ord.
81516 81°16 9
Good Ord.. 9i6ie 915x6 10
Btr. G’d Ord 10716 10716 10%
Low Midd’g 11316 H®1« 11*4
Btr.L’w Mid 11916 119i6 11%
Ordin’y.^lb
Th.
She
87x6
Fri.
9116
91l6
10116 lOLe
1091g 10916
Middling... ll%6 lt1316 ll7s
Good Mid.. 125]6
Btr. G’d Mid 12916
12516 |12%
129x6 *12%
Midd’g Fair 131x6 131x6 ‘13%
Fair
1311x6 13ll1613%
STAINED.
Good Ordinary
Strict Good Ordinary
Low Middling
Wed
$ S>.
11 u16
115x6
1U116
111016
127x6
1211x6
133,6
1313x6
111 * 16
3%
9%
10%
10%
11%
11%
1115X6 12
12716 12%
1211x6 12 34
133x6 13%
1313x6 13%
Wed
Tb.
87x6
9116
lOhe
109x6
11&16
111116
1115x6
127.6
1211x6
133x6
1313.6
87x6
91,6
101J6
109,6
11&16
1111,6
Sat.
Mon Tues Wed
Iloli-
Holi-
Holi-
day.
day.
day.
8%r,
»1516
9*16
10%
Middling
MARKET AND
Bet
Mon
Tues.
Wed Steady
Thurs Finn
Finn, at %6
Fri.
Total
j Con-
j
sump.
I
j
.
.
Ex-
port,
adv.
....|
498
S87j
254
813;
344
1,700
1,096
127.6 112%
00
1211x6112%
133.6 13%
no
Tb.
Fri.
8%«
8i5i«
9
9%6
9%
10%
8%
1011x6
8pec- Tran¬
ul’t’n
sit.
Holi day.
Holi day.
Holi day.
167
Total.
FUTURES.
bales.
665
24,000
1,141
1,157
18,100
41,700
Deliv¬
eries.
200
200
200
CO
©
©
©©
©o
©c
© 00
c
1
cco
| @M
....
2,963
83,800
gH
©©
O' c
©c
1 4)
to
M MM
M
MMOO
MMM
7“<i
*7 *7 m
*7 *7©
-4 X©
© o©
©.©©
CO©©
c©©
-4M©
Transferable
11*80.
The
’
o:t
a so
7§©
CD |p
following exchanges have been made during the week:
*08 pd. to exch. 200 Nov. for
Jan.
The Visible Supply op
f 100 July for Aug.
Cotton,
as
even.
made up by cable and
telegraph, is as follows. The Continental stocks are the figures
of last Saturday, but the totals for Great Britain and the afloat
for the Continent are this week’s returns, and consequently
brought down to Thursday evening; hence, to make the totals
the complete figures for to-night (July 9), we add the item of
exports from the United States, including in it the exports of
Friday only.
bales
600
daily deliveries given above are actually delivered the day pre¬
vious to that on which they are reported.
The Sales and Prices op Futures are shown by the follow¬
SO GO
orders—Wednesday, 11*60; Thursday, 11*65; Friday.
8toehat Liverpool
167
©
tr
11%
1115x6'12
13i3i6!l378
B
€)
$
8%
9%
10%
10%
11%
SALES.
SALKS OF SPOT AND TRANSIT.
SPOT MARKET
CLOSED.
Fri.
1880.
1879.
1878.
1877.
755,000
589,000
55,100
42,000
782,000
12,250
981,000
40,000
810,100
82,500
5,300
48,800
631,000
794,250 j 1,021,000
103,250
211,750
72,259
The
ing comprehensive table. In this statement will be found the
daily market, the prices of sales for each month each day, and
the closing bids, in addition to the daily and total sales :
Total Great Britain stock
Stock at Marseilles.
Stock at Hamburg.
3,000
3,000
214,000
6,000
38,000
7,000
31,000
27,250
47,250
2,250
37,000
8,000
72.000
16,500
July
THE
10, 1880.]
1880.
bales.
Stock at Amsterdam.
Total continental ports
2,950
1,320
22,800
214,370
Total European stocks.. ..1,024,470
India cotton afloat for Europe. 237,000
Amer’n cotton afloat for Eur’pe
Egypt,Brazil,&c.,aflt for E'r*pe
Stock in United States ports ..
Stock in U. S. interior ports...
United States exports to-day..
Total visible supply
1878.
38,500
Stock at Rotterdam....
Stock at Antwerp
Stock at other oontt’ntal ports.
1879.
16.700
CHRONICLE
1877-
1,250
51,750
10,500
6,500
48,500
11,500
7,750
6,500
25,000
15,750
219,000
406,000
464,000
850,000 1,200,250 1,485,000
338,000
201.000
347,000
67,000
83,000
145,000
15,000
9,000
20,000
167,596
146,466
221,723
12,487
10,347
16,078
224,000
19,000
237,220
38,217
6,000
300
3,000
Receipts prom the Plantations.—The following table is
prepared for the purpose of indicating the actual movement each
week from the plantations.
Receipts at the outports are some¬
times misleading, as they are made up more
largely one year
than another, at the expense of the interior stocks.
We reach,
therefore, a safer conclusion through a comparative statement
like the following.
In reply to frequent inquiries we will add
that these figures, of course, do not include overland receipts or
Southern consumption; they are simply a statement of the
weekly movement from the plantations, of that part of the crop
which finally reaches the market through the out-ports.
RECEIPTS FROM PLANTATIONS.
1,000
Week
ending—
1,785,907 1,453,083 1,650,363 2.235,801
Of the above, the totals of American and other descriptions are as folio ws:
American—
Apr. 23
Liverpool stock
501,000
451,000
615,000
Continental stocks
American afloat for Europe
United States stock
United States interior stooks..
United States exports to-day..
140,000
177,000
328,000
83,000
146,466
10,347
300
May
l
224,000
67,000
237,220
33,217
167,596
12,487
6,000
3,000
__________
Total American
East Indian, Brazil, dkc
1,146,437
___
_____
_____
873,083 1,183,113 1,403,801
—
Liverpool stock
254,000
138,000
55,100
42,000
74,370
42,000
237,000 ' 338,000
London stock
Continental stocks
India afloat for
635,000
385,000
145,000
221,723
16,078
1,000
Europe
Egypt, Brazil, &c., afloat
167,000
346,000
40,000
12,250
78,000
201,000
79,000
347,000
19,000
15,000
9,000
20,000
639,470
575,000
467,250
832,000
Total East India, &c
Total American
1,146,437
Total visible supply
Prioe Mid. Upl., Liverpool
1,785,907 1,453.083 1,650,363 2,235,801
6i31Qd.
67ed.
6%d.
6&16d
878,083 1,183,113 1,403,801
The above figures indicate an increase in the cotton in sight to¬
night of 332,824 bales as compared with the same date of 1879,
an increase of 135,544 bales as compared with the
corresponding
date of 1878, and a decrease of 449,894 bales as
compared with 1877.
In the preceding visible supply table we have heretofore only
included the interior stocks at the 7 original interior towns.
As we did not have the record of the new interior towns for the
four years, we
could not make a comparison in any other way.
difficulty no longer exists, and we therefore make the fol¬
lowing comparison, which includes the stocks at the 19 towns
given weekly in our table of interior stocks instead of only the
That
old 7 towns.
We shall continue this double statement for a
time but finally shall simply substitute the 19 towns for the 7
towns in the preceding table.
American—
Liverpool stook
bales
Continental stocks
American afloat to Europe
United States stock
United States interior stocks..
United States exports to-day..
Total American
East Indian, Brazil, etc.—
Liverpool stock
1880.
501,000
140.000
224,000
237,220
71,950
6,000
1,180,170
254,000
55,100
London stock
1.
Continental stooks
India afloat for Europe
74,370
237,000
19,000
Egypt, Brazil, <fcc., afloat
Total East India, &c
Total American
039,470
1,180,170
Total visible supply
1879.
1878.
451,000
177,000
67,000
167,596
20,691
615,000
328,000
83,000
146,466
18,033
3,000
300
1977
635,000
395,000
145,000
221,723
28,997
1,000
886,287 1,190,799 1,416,720
139,000
42,000
42,000
338,000
15,000
78,000
201,000
9,000
347,000
20,000
575,000
467,250
832,000
167,000
12,250
,
346,000
40,000
‘79,000
896,287 1,190,799 1,416,720
1,819,640 1*481,287 1,658,049 2,248,720
These
figures indicate an increase in the cotton in sight to-night
358,353 bales as compared with the same date of 1879, an
increase of 161,591 bales as compared with the corresponding date
of 1878, and a decrease of 429,080 bales as compared with 1877.
At the Interior Ports the movement—that is the
receipts
and shipments for the week, and stocks to-night, and for the
corresponding week of 1879—is set out in detail in the following
of
statement:
Week
ending July 9,’80.
Week
ending July 11, ’79.
49
il
30
7
41
14
li
21
II
28
June
4
4*
11
II
18
Ift
25
July
2
44
9
'
Receipts at the Ports. Stock at Inter’r Ports Rec’ptafrom Plant *ns
1873.
1879.
1880.
1878.
1879.
38.183
38,714
30,858
89,142
75,550
65,770
87,294 220,936
78,962 204,154
71,546 186.65S
59,249 176,157
51,129 •61,455
42 198 143,241
37,570 130,635
32,429 115,038
29,306 96,190
38,856
31,196 22,283
24,252 19,031
20,097 19397
19,732 18.6*3
18,220 17,113
12,380 11,089
11,231
6,612
10,721
7,188
6,879
6,293
5,949
3,637
5,287
3.0 ?2i
25,661
24,636 56,433
26,514 46,305
23,764 39,025
23,674 34,154
18,580 29,315
19,870 23,287
23,511 21,240
17,057 19,675
14,070 18,033
The above statement shows—
1. That the total receipts from
1880.
25,223
81.172
22,38S
75,103
20,691
71,950
1878.
1879.
32,019 31,511
17,604 13,951
14,472 11,615
10,760
7,600
9,604
8,853
10,940
7,882
7,509
6,461
6,392
1,471
4,693
4,065
4,832
2,210
802
4,384
3,645
1,335
1880.
19,094
14,076
8,105
14,135
11,812
5,550
11,068
2,963
1,028
8,493
10,968
10,91
the plantations since Sept. 1 in
1879-80 were 4,920,853 bales; in 1878-79 were 4,442,611 bales; in
1877-78 were 4,250,102 bales.
2. That, although the receipts at the out ports the past week
were
14,070 bales, the actual movement from plantations was
only 10,917 bales, the balance being drawn from stocks at the
interior ports.
Last year the receipts from the plantations for
same week were 1,335 bales, and for 1878 they were 3,645 bales.
the
Weather Reports by Telegraph. —More rain than is desir¬
able is falling in some sections of the Southwest, and dry
weather would be a blessing just now.
No special harm, how¬
ever, is reported as yet.
In the Atlantic States, where ram was
needed, they have had it this week.
Galveston, Texas.—We have had a shower on one day the past
week, the rainfall reaching four hundredths of an inch.
Throughout the State the corn crop is safe, and will be abund¬
ant
while the cotton* crop is one of the most promising ever
known.
Some sections of the coast district and a small portion
of north-east Texas complain of too much rain, and occasion¬
ally we hear rumors of caterpillars; but otherwise the prospect
is as good as possible.
Average thermometer for the week 84,
highest 91 and lowest 78.
Indianola, Texas.—The weather during the week has been
warm and dry, the thermometer
averaging 85, and ranging from
77 to 94.
All crops go d without exception.
Corsicana, Texas.—We have had warm, dry weather through¬
out the past week.
The thermometer has averaged 86, the
highest being 98 and the lowest 70. Crop accounts are more
,
favorable and very
promising.
Dallas, Texas.—There has been no rainfall at this point during
the week.
The crop is developing promisingly.
The cotton
plant looks strong and healthy and the fields are clear of weeds.
Some portions of the Red River counties have had too much
rain, and there are rumors of the appearance of caterpillars, but
we think them of little importance.
The prospect here is mar¬
velously good. The thermometer has ranged from 70 to 98,
averaging 86.
Brenham, Texas.—We have had no rainfall during the past
week. The thermometer has averaged 85, with an extreme range
of from 75 to 90.
Crop accounts are more favorable. The fields
are clear of weeds, and the cotton plant
looks strong and healthy.
The condition is about as favorable as ever known.
We hear
rumors of the appearance of caterpillars, but do not attach
any
importance to them. Dry weather is wanted for a while.
New Orleans, Louisiana.—We have had rain during the week
three days, the rainfall reaching three inches and two hun¬
dredths.
The thermometer has averaged 83.
on
Receipts Shipm’ts
Augusta, Ga.....
Columbus, Ga
234
105
9
20
Macon, Ga
Montgomery. Ala
Selma, Ala
Memphis, Term..
Nashville, Tenn..
40
709
37
.^.
196,
95
39
6
190
734
921
Stock.
5,928
3,572
1,280
2,918
682
18,648
5,189
Receipts Shipm’ts Stock
.
49
20
3
47
17
228
1
127
53
8
345
57
.
2,548
915
285
1,577
117
42
5,906
57
1,139
Shreveport, Louisiana.—The weather during the past week
has been fair and dry, with a high range of temperature.
We
had a thunder squall on the seventh inst. with a rainfall of fortyfive hundredths of an inch. The thermometer has ranged from.
73 to 94, averaging 88.
Vicksburg, Mississippi.—Rain has fallen during the past week
two days.
Caterpillars have appeared in this section but
1,154
365
2,181
689
38,217
12,487 have done no greut harm yet.
8
Dallas, Texas *
28
50
Columbus, Mississippi.—During the earlier part of the past
8
15
1
5
Jefterson, Tex*..
15
58
12
20
167 week we had a rarnfall of ninety-four hundredths of an inch,
225
Shreveport, La
264
41
348
1,008
94 but the latter
portion has been clear and pleasant. Average
142
Vicksburg, Miss..
170
54
170
65
317
thermometer 87, highest 92 and lowest 82.
Columbus. Mias..
6
160
4
44
10
Eufaula, Ala
73
55
20
Little Rock, Arkansas.—Friday, Saturday, Tuesday, Wednes¬
1,221
4.3
75
7
Griffin, Ga
283
595
2
3
25
day
and Thursday of the past week were clear, but Sunday and
Atlanta, Ga
39
163
13
7,276
594
Rome, Ga
48
Monday were clou iy, with rain, and there was also a light
92
12
19
1,811
164
Charlotte, N. C.
132
318
107
32
sprinkle oa Wednesday evening, the rainfall for the week
322
St. Louis, Mo....
823
1,972
198
17,346
4,781 aggregating one inch and one hundredth. Average thermometer
1,375
Cincinnati, O....
3,767
287
125
4,029
4,047
1,654
79, highest 91 and lowest 68. Crop prospects were never better,
but there must be a little more dry weather than for the past
Total, new p’rts
5,269
702
7,395
33,733
2,154
8,204
three weeks or we will have both rust and blight in cotton.
Total, all
6,423
9,576
71,950
1,067
2,843 20,691
Nashville, Tennessee.—Rain has fallen during the week on five
This year’s figures estimated.
days,
to a depth of four and six hundredths inches. The ther¬
The above totals show that the old interior stocks have de¬ mometer has
ranged from 66 to 90, averaging 77. We are hav¬
creased during the week 1,027 bales, and are
to-night
25,730
bales
too muoh rain.
ing
more than at the same
period last year, .The receipts at the same
Memphis, Tennessee.—We have had rain on five days, the rain¬
towns have beon 789 bales more than the same week last
fall reaching thirty hundredths of an inch. The thermometer
year.
on
Total, old ports.
'
..
..
....
.
CHRONICLE
THE
50
*
This statement shows that up to June 30 the receipts at theports this year were 415,579 bales more than in 1878-79 and
599,082 bales more than at the same time in 1877-78.
By adding
to the totals to June 30 the daily receipts since - that time
we shall be able to reach an exact comparison of the
move¬
averaged 79, tlie highest being 89 and the lowest 77. Crop
accounts are less favorable.
Excessive sap, much shedding, and
has
grass troublesome.
The past two
week’s continuance will cure ills.
[Vol. XXXI,
days have been clear and a
of the past week was clear ment for the different
years.
pleasant. The last three days have been showery, the rain¬
reaching forty hundredths of an inch. The crop is develop¬
1877-78.
1879-80. 1878-79.
ing finely. Caterpillars have appeared in central Alabama,
though with limited injury as yet. Average thermometer 82, Tot. Jn.30 4,837,328 4,421,749 4,238,246
highest 98 and lowest 72.
918
343
1,904
July 1....
Mobile, Alabama.—The earlier part
and
fall
*
the
but
has
ranged from 73 to 100, averaging 84. Caterpillars have certainly
appeartd, though the injury done is as yet limited.
Montgomery, Alabama.—It has been showery four days of
week, the rainfall reaching fifty-one hundredths of an inch,
not enough rain fell to do much good.
The thermometer
Selma, Alabama.—Rain lias fallen on two days, but the balance
of the week has been warm and dry.
There have been good
rains in adjacent sections.
The crop is developing finely
the plant looks strong and healthy.
Caterpillars
No damage has yet been done, but they are creating
un¬
easiness.
and
have appeared.
much
Madison, Florida.—We have had rain
2....
2,902
-271
970
1,541
“
3....
1,521
1,548
1,176
1,864
2.518
“
4....
629
761
848
“
5....
2,624
414
1,163
367
1,009
2,067
“
6....
840
914
961
1,112
849
1,184
656
452
3,045
“
7....
“
8....
2.068
334
930
“
9....
4,563
563
1,013
Bhreveport...
Vicksburg...
..
..
11
13
1
4
20
'
that the
shows
429,241 bales
more
receipts since Sept. 1 up tothan they were to the same-
BOMBAY RECEIPTS AND SHIPMENTS FOR FOUR YEARS.
Year Great
Brit’n.
1880
1879
1878
1877
5,000
Conti¬
nent
Great
lotah Britain.
,000 12,000
4,000
9,000
2,000 6,000
•
4,000
9,000
4.000
Receipts.
Shipments since Jan. 1.
340,000
233.000
269.000
358,000
Conti¬
This
Week.
Total.
nent.
-
Since
Jan. 1.
781,000 10,000 1,016,000
847,000
534,000 7.000
828.000
631,000 5,000
978,000753,000 3,00o
441,000
301,000
362,000
395,000
According to the foregoing, Bombay appears to show an increasecompared with last year in the week’s receipts of 3,000 bales and
an increase in shipments of 8,000 bales, and the shipments fine©January 1 show an increase of 247,000 bales. The movement at
Calcutta, Madras, Tuticorin, Car war, &c., for the same week and
years has been as follows.
O
CALCUTTA, MADRAS, TUTICORIN, CARWAR, RANGOON AND KURRACHEE.
w
8
0
Shipments since January 1.
Shipments this week.
5
r-
Year.
4
Sept. 9, 1874, when 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.
Cotton Consumption in Europe.—We give to-day in our edi¬
our
679
8.
815
Friday, of the shipments from Calcutta, Madras, Tuticorin. Carwar, &c., enable us, in connection with our previously-received
report from Bombay, to furnish our readers with a full and
complete India movement for each week. We first give the*
Bombay statement for the week and year, bringing the figuresdown to July 8.
reported below high-water mark of 1871 until
New Orleans
torial columns
are new
Shipments this week
Feet. Inch.
8.
668
780
India Cotton Movement from all Ports.-—The figureswhich are now collected for us, and forwarded by cable each
Augusta, Georgia.—The weather during the week has been
warm, with heavy and general rain on four days, the rainfall
reaching one inch and sixteen hundredths. We are having
plenty of rain, and the crop is clear and looking fine. The ther¬
mometer has ranged from 72 to 95, averaging 83.
Charleston, South Carolina.—It has been showery three days
ofj the week, the rainfall reaching one inch and sixty-six hun¬
dredths. Average thermometer 83, highest 97 and lowest 72.
The following statement we have also received by telegraph,
showing the height of the rivers at the points named at 3 o’clock
July 8, 1880, and July 10, 1879.
..
8.
650
8.
day of the month in 1879 and 6 L0,157 bales more than they
were to the same day of the month in 1878.
We add to the lasttable the percentages of total port receipts which had been
received to J uly 9 in each of the years named.
and lowest 73.
Nashville....
8.
1,530
1,764
This statement
the week on two days,
forty-seven hundredths. The
to 96, averaging 82. We have
secured a good stand of cotton.
The cotton plant looks strong
and healthy, and altogether crop accounts are, at present, more
favorable than for years in this section.
Recent rains hare done
much good.
The rainfall for the month of June was one inch
and forty-one hundredths.
Columbus, Georgia.—Rain has fallen on two days the past week,
the rainfall reaching one inch and forty-three hundredths.
The
thermometer has averaged 88, ranging from 79 to 98.
Savannah, Georgia.—It has rained on three days, the rainfall
Teaching one inch and four hundredths, but the balance of the
week has been pleasant.
Average thermometer 84, highest 97
Memphis....,
8.
to-night
Macon, Georgia.—It has rained during
Hew Orleans
543
8.
“
.
with a rainfall of one inch and
thermometer has ranged from 72
July 10. ’79.
3,939,755 4,056,109 3,456,872'
8.
486
1,073
4,856,204 4,426,933 4,246,047 3,946,953 4,065,373 3,464,379"
Percentage of total
9906
99-54
97-70
97-74
p’rt rec’pts July 9..
97 00
during the past week on
Feet. Inch.
7
.Below high-water mark ..
7
7
...Abovelow-water mark... - 24
2
..Abovelow-water mark... 24
1
Above low-water mark...
12
2
Above low-water mark... 28
1874-75.
1875-76.
Total
three days.
The thermometer has remained at 78 throughout
the week.
The cotton plant looks strong and healthy and the
fields are clear of weeds.
July 8, ’80.
1876-77.
Conti¬
Great
Britain.
nent.
1880
3,000
1879
8.000
5,000
1878
1877
10,OIK)
6,000
1,000
.
2,000
Total.
■-
5,000
13,000
11,000
6,000
Great
Conti¬
Britain.
nent.
186,000
159,000
71,000
79,000
74,000
98,000
51,000
56,000
Total.
260,009
257,009
122,009
135,009
The above totals for this week show that the movement from
the ports other than Bombay is 8,000 bales less than same week
of last year. ; For the whole of India, therefore, the total
cable report of Mr. Ellison’s circular issued
shipments this .week and since January 1, 1880, and for theLiverpool this afternoon.
corresponding
weeks and periods of the two previous years, are¬
Gunny Bags, Bagging, &c.—Bagging has not been in de¬
as follows.
mand, and the market is quiet. There is no inquiry except in
EXPORTS TO EUROPE FROM ALL INDIA.
a small way, and prices are rather weak with holders quoting
1878.
1879.
10c. for 1% lbs., 10%c. for 2 lbs. and ll%c. for standard quali¬
Shipments
1880,
ties. Butts have been doing better, and holders are firm in
to all Europe i This
This
Since
This
Since
j Since
from
| week.
their ideas as to price. Paper qualities are now held at 3c.,
week, j Jan. 1.
Jan. 1.
Jan. 1.
week.
while spinning grades are firm at 3^c. The sales for the week
682,009
6,000
534,000
4,000
Bombay
! 12,000 731;000
agregate 3,500 bales, both kinds, at these figures.
All other p’rts.!
5,000 260,000 13,000 257,000 11.000 122,009
in
Movement.—
is not accurate,
Comparative Port Receipts and Daily Crop
A comparison of the port movement by weeks
M the weeks in different years do not end on the same day of the
month.
We have consequently added to our other standing
tables a daily and monthly statement, that the reader may con¬
Monthly
Receipts.
1879.
Novemb’r
333,643
888,492
942,272
Decemb’r
956,464
Bept’mbT
October..
January
February.
.
March...
April..
May
June
..
647,140
447,918
264,913
158,025
110,006
88,455
1878.
years up
283,848
689,264
779,237
893,664
618,727
566,824
303,955
167,459
84,299
29,472
96,491
578,533
822,493
900,119
689,610
472,054
340,525
197,965
96,314
42,142
1876.
236,868
675,260
901,392
787,769
500,680
449,686
182,937
100,194
68,939
36,030
we
134,376
536,968
Alexandria, Egypt,
July 8.
676,295
Receipts (eantars*)—
1879.
1880.
1,000
11.663,000
This week....
759,036
Since
444,052
383,324
251,433
"
The following
for the corre¬
sponding weeks of the previous two years.
1874.
Sept. 1
3,204,000
This
week.
133,598
81,780
56,010
Exports (bales)—
To Liverpool
To Continent
1 This
Since
week.
Sept. 1.
Since
Sept. 1.
1,000 169,000
239,780
703 173,662:
78,500j
1,000
247,5001
i
703 463,442
2,000
Total Europe
A cautar is 93 lbs.
+ We have added to these statements for 1879
which were made those years.
1878.
3.009
12,766,000
This
week.
Since
Sept. 1.
234,000
1,000 163,00 0
1,000 402,000
*
Perc’tage of tot. port
to date, at all India ports.
the movements of cotton at Alexandria, Egypt.
the receipts and shipments the past week and
169,077
610,316
740,116
821,177
637,067
479,801
300,128
163,593
92,600
804.000
17,000
Shipments.—Through arrange¬
have made with Messrs. Davies, Benaclii & Co., of
Liverpool and Alexandria, we now receive a weekly cable of
Tot Jn. 30 4,837,328 4,421,749 4,233,246 3,939,755 4,056,109 3,456,872
reoeipts June 30..
791,000
are
1875.
42,234
17.000
Alexandria Receipts and
ments
Beginning September 1.
1877.
17,000 1,041.000
This last statement affords a very interesting comparison of the
total movement for the week ending July 8, and for the three
stantly have before him the data for seeing the exact relative
movement for the years named.
The movement each month
since Sept. 1 has been as follows:
Year
'
1
Total
_
99 42
97'52
97-56
96-73
98-85
1
and 1878 corrections
July
THE
10, 1880.]
CHRONICLE.
51
This statement shows that the
-July
8
receipts for the week ending
and the shipments to all Europe
cantars
were
received from Manchester
•July 9 states that the market is higher and very steady, with
a fair business doing.
We give the prices of to-day below, and
leave previous weeks’ prices for comparison.
1879-80.
32s
Cop.
•
i
<<
21
<<
28!
4
June
11
ii
18
ii
25
2
July
«<
8
Shirtings.
d.
d. 8.
9 3*10
6
9 *2 ® 10^4 6
9*2® 10*4 6
9*2® 10*4 6
9*2® 10*4 6
9*2®10*4 6
9*2® 10*4 6
9 ® 9% 6
® 9%|6
9
9*4®10 >6
The Exports
decrease,
Cott’11
Mid.
op
Uplds
d.
d.
d.
s.
9
®7
7 *2® 7
9 ®7
9
d.
d.
9
7*2
7*2
7*2
7*2
6
6
7*2
Mid.
Shirtings. * Uplds
d.
s.
Cotton from New York this
d.
s.
d.
10*2
1*2
10*2
10*2
67b
7*16
7»16
6*3ia
10*2
7
7
9
678
678
6
6
6
week
snow
a
Cotton (bales) from New York since 8kpt. 1.1879.
ending—
June
16.
June
23.
June
30.
ld verpool
Other British ports.
6,302
6,867
9,158; 9.077 424,408 238,232
Total
5,702
6,867
9,158
Havre
Other French ports.
1,424
3,392
2,890
Total French.
1,424
3,392
2,890
336
32,644
13,995
915
115
80
1,453
36,230
19,055
25,698
14,273
2,202
2,835
to
400
Great Britain
Same
July
7.
Total to period
date.
previ’us
year.
28,500
7,823
9,077 452,908 246,055
32,644
13,895
100
Bremen and Hanover
464
508
Hamburg
Other ports
4,541
"iii
Total to North. Europe
5,005
915
649
1,648
80,983
19,310
Spain, Op'rto, Gibralt’r,&c
1,416
6,678
3,406
5,010
Total Spain, Ac
1,416
10,084
5,010
,
All other
12.13i'l0,908 12,963 12,477 576,61w 284,970
Grand Total
The Following
are the keoeipts of
Cotton at New
York,
Boston, Philadelphia and Baltimore for the past week, and sinee
■September 1, 1879.
New York.
Receipts
This
week.
from—
Boston.
| Since
| Sept. 1,
806
336
3,011 '
X. Orl’ans
1,401 196.760
Texas....
Savannah
859 110,435
Mobile
-
395
Sinee
week.
Sept. 1.
This
week.
Baltimore.
Sinoe
This
Sinee
Sept.l.
week.
Sept. 1.
S.Car’lina
N.Car’lina
Virginia..
North, pte
Tenn., Ac.
Foreign..
283
180,687
5,660
572 111,696
19! 41.911
424 203,198
| 6,059
1,156 211,733
170) 5,336
23,545
2,969
37,928
5,279
Do
103 15,882
1,128
07,100
31
65
51
53,955
1,3411151,682
3,075 151,366
492
12,959
38
10,592
79,463
1,234
770
392
62,546
15,000
4,750 422,766
495
86,347
.c.
sail
Do
4,770 889,926! 1,263 338,076
106 88,980
480 161,328
*
1,073,475.
Shipping News.—The exports of cotton from the United
States the past week, as per latest mail returns, have reached
the Southern ports
concerned, these
are the same exports reported by
telegraph, and published in
the Chronicle last Friday.
With regard to New York, we
include the manifests of all vessels cleared
up to Wednesday
might of this week.
as
are
Total bales.
Hxw York—To Liverpool, per
^550
Wyoming, 1.669
1,640
steamers Aleppo. 300
Bothnia,
City of Brussels, 667
Egypt,
City of Chester, 963
per 'ship
Celtic, 539
Simla, 2,749
c.
Amst’d’m, steam.c.
sail...e.
Baltic, steam
d.
sail
r"X
c
M
To Bremen, per steamer Mosel. 115
To Hamburg, per steamer Westphalia, 80
To Rotterdam, per steamer Rotterdam, 53
To Antwerp, per steamer Plantyu, 100
To Reval, per bark Stoijoham, 1,300
To Barcelona, per bark Rosalia, 1,216
To Oporto, per bark Claudina, 200
New Orleans—To Liverpool, per steamers
■
The
c
w
•
•
•
;
j
J
1
•
33,557
vessels
316® *4
*2
*32® **8
932
we have the
stocks, &c., at that port:
Sales of the week
bales.
Sales American
Of which exporters took
Of which speculators took..
Actual export
Forwarded
Total stock—Estimated
Of which American—Estim’d
Total import of the week
Of which American
Amount afloat.
Of which American
June 25.
53.000
36.500
39,000
3,S0tf
4,100
10.500
13,000
26.500
4,000
**
**32® ^8 1132® ^8
*32
932
Liverpool.—By cable from Liverpool,
June 18.
3I6®14
532®31«
91S
7lg® *fl
*2®91S
716®*53*
*2®91«
716 ® *2 7lft®*«
916
91«
*2
•
Fri.
532®316
916
716® *3
*2®916
716®*532
*2®9ic
»
*
•
statement of the week’s sales,
following
July 2.
July 9.
43,000
47.500
32,500
35.500
3,900
4,700
2,300
1,770
1,470
10,000
7,900
6,100
7,000
13,000
19.500
764.00C
784,000 768,000 755,000
501,000
532,000
514,000 501,000
35,50C
68,000
99,000
53,000
20.500
62,000
79,000
32.500
355,000 336,000
282,000
262,000
201.000
176.000
132,000
116.0(0
The tone of the Liverpool market for spots and futures each
day of the
week ending July 9, and the daily closing prices of spot cotton, have
b»en
as
1
-
follows:
Saturday Monday. Tuesday. Wednes. Thursd’y
Mpot.
Market,
12:30 p.m.
j
J
Moderate,
Fair
inquiry.
demand.
Mid. Upl’ds
Mid. Orl’ns.
Market.
p.m.
Easier.
6*
6\
67a
678
6\
678
5,000
1,000
7,000
7,000
1,000
1,000
Firmer.
Good
demand.
Friday.
Steady.
6*3ie
6**i«
6**16
10,000
2,000
10,000
1,000
8,000
Weaker.
Weaker.
6**16
6*»i«
6**i«
1
J
Sales
Spec.A exp.
5 P. M.
$
Dull
and
easier.
Terr
d.
Delivery.
July
T...ft2s3a
J nly-Aug
6**ie
Delivery.
July.
July-Aug
Delivery.
Aog.-Sept
Oct.-Nov
J
is i
63iM
1,00O
steady.
d.
62is>
6*4
week are given
Middling elauM
Delivery.
Aug.-Sept
6^i
Sept.-Oot
61*33
d.
Monday.
Delivery.
Delivery.
Aug.-Sept....
Sept.-Oot
67i*
Delivery.
Aug.-Sept
021-3
i
Tuesday.
Delivery.
July
Aug.-Sept
8ept.-Oct
I
Delivery.
0*s32 I Oct.-Nov
658
Nov.-Dee
6*4
63,6
6“is
6**32 I July-Aug
Sept.-Oot
Oot.-Nov
6*a
6*32
Wednesday.
Delivery.
July
July-Aug
Aug.-Sept....
Delivery.
...63*
Sept.-Oct
0333n® 3*
6**i<,
Oct.-Nov
Dec.-Jan
—
336
115
80
53
100
July
July-Aug
6i732
65 j
Q
Delivery.
July-Aug
62333
Oct.-Nov
6**32®*l«
6,270
2,816
Delivery.
63*
Aug.-Sept
633
Sept.-Oct
Delivery.
6*l1Q
Sept.-Oot
01T—
6*2
Nov.-Dee
6*32
65lft
Delivery.
July-Aug
Ang.-Sept
6233£
Friday.
Delivery.
July
July-Aug
Aug.-Sept
200
-
Barely
Steady.
dull.
The actual sales of futures at Liverpool for the same
below. These sales are on the basis of Uplands, Low
unless otherwise stated.
Saturday.
Delivery.
62532
62332
6ui6
Sept.-Oct....
Oct.-Nov
BREADSTUPPS,
Pedro, 2,042
particulars of these shipments, arranged in our
follows:
are as
to
Thursday.
1,300
1,216
Statesman, 2,800... Mayaquez, 1,428
To Bremen, per bark Diamaut, 2,816
To Genoa, per ship Aurora I., 447
Mobile—To Liverpool, per steamer Mobile, 3,186
per bark
Cato, 1,136
^Charleston—To Barcelona, per brigs Clara, 868 Upland
Osvaldo, 450 Upland
Almirante, 500 Upland
Baltimore—To Liverpool, per steamers Carolina, 1,001
Nova Scotian, 2,328
Boston—To Liverpool, per steamers Brazilian, 44
Bulgarian,
502
Marathon, 260
Philadelphia—To Liverpool, per steamer British Crown,
1,272
form,
•
j-j
*
c.
Delivery.
9,077
To Havre, per steamer St. Laurent. 336
Total
j
•
*
s?
sail...rf.
Do
•
\
Hamburg, steam, d.
2.89S 185,884
Last year.
So far
447
Thurs.
3163>14
532®31A
910
716® *2
*2®916
718®1632
*2®916
716® *2
91C
•
*.
e.
Bremen, steam,
Wednes.
\
f
c.
sail
Do
Tues.
:
*
Havre, steam
Do
Mon.
•
sail...c?.
Market, )
2.575
1,290
4,995j
33,557 bales.
3,234
Union, ship, from Norfolk for Liverpool, before reported, wra« towed
ashore by tug Great Britain, at 7 A. M., on
Rhoscolyn Rock; towed
off again at 11 A. M. June 24, making water.
*
This year.
1,300
news
Future*.
...
Florida..
153
received to date of disasters
carrying cotton from United States ports, etc.:
5
{Philadelphia.
This
i,8ia
1,272
....
336
447
3,329
give all
we
Total.
12,477
9,533
4,322
1,818
Total.... 25.076
Below
Do
Week
Exported to¬
Genoa.
2,816
....
Liverpool, steam d.
6**16
678
compared with last week, the total reaching 12,477
hales, against 12,968 bales last week. Below we give our usual
table showing the exports of cotton from New York, and their
direction, for each of the last four weeks; also the total exports
and direction since Sept. 1, 1879, and in the last column the total
£or the same period of the previous year.
of
Op¬
werp. Reval. orto.
153
1,300 1,416
195
Satur.
as
■Exports
burg.
...
Cott’n
8*4 lbs.
9 ®938 5 10*s®7
678
61*16 939® 10 6 1 *2® 8
«1316 9^8® 10 5 10*2®7
6**16 9*8®94* 5 10*2®7
®8
6*8
9*4 ®93* 6
6*:J16 9 *4® 93* 5 10*2®7
6!310 9*8®9% 5 9 ®7
63*.
87b®958 5 7*2®7
63*
878®95s 5 7*2®7
6*316 8 34® 9 38 5 6 ®7
719
7*2®7
7 *2® 7
7*2®7
7 *2®7
4*2®7
4*2®7
7*2®7
328 Cop.
Twist.
New York... 9,077
N. Orleans... 6,270
Mobile
4,322
Charleston
Baltimore
3,329
Boston
806
Barce¬
lona A
Philadelphia 1,272
1878-79.
8*4 lbs.
Twist.
7
14
Havre.
336
pool.
Manchester Market.—Our report
-May
Liver-
703 bales.
were
Bremen Rotterand
dam A
HamAnt¬
6^
\
Friday, P. M., July 9, 1880.
The flour market has been
quite active since the re-opening
Tuesday. Sales have exceeded 20,000 bbls. per
4,322
day. The demand has been largely for common and medium
1,818 grades for export, and these have improved mast.
Fancy
3,329 brands for the home trade have continued neglected.
The
products
of
spring
wheat
were
in
especial
favor,
were
and
806
1,272 found to be quite scarce.
To-day the market was firm and
Rye flour has declined, in sympathy
33,557 active, but less buoyant.
with the grain, but corn meal has continued Arm and in de«*
usual
447
of business
on
THE CHRONICLE.
52
|Vor. XXXI.
.
‘
~
-
—
—
—
-
unusual activity and buoyancy.
Reports of injury to the growing crop in the West and North¬
west have been current, and there is no doubt that some dam¬
1880.
1879.
1878.
Week
Week
1877.
Week
bbls.
Week)
July 3.
93,004
July 5.
81,475
July 6.
65,310
July 7.
59,084
bush.
291,4$5
285.227
650.388
222,150
331,847
94,702
222,533
279,275
11,137
19,624
261,172
216,107
1,236,651
The wheat market has shown
has been done by recent storms and floods. At the same time
export demand has been urgent for immediate shipment.
Receipts at the West were comparatively small, and the visible
supply rapidly diminished. There was, consequently, a revival
of speculative confidence. The advance has been most decided
-for spring wheat, which sold yesterday at $1 11@$1 12 for No.
2.
The business in No. 2 red winter yesterday was at $1 21@
$1 22 on the spot, $1 16@$1 16% for July, $1 10@$1 11 for
August and $1 09@$1 09% for September; and No. 1 white
sold at $116%@$1 17 on the spot, $114% for July and $1 08%
for August. To-day the market was excited, No. 2 Western
winter selling at $1 29 on the spot. $1 19 for July and $1 12@
age
the
Flour
Wheat
Corn
988,569
357,897
26,587
44,703
Ortts
Barley
Rye
‘
1,709,241
Total
Corn,
bush.
1,210,195 4,140.576
138,021
1,833,194 4,171,005
2,756,547 4,290,584
2,102,990 4,036,760
59,815
June 26
June 19
June 12
121,784
104,397
7,907,926
Total, 4 w’ks.424,017
826,301
557,394
Rye,
Barley,
bush.
bush.
26,587 44,703
13,414 34,700
20,818 28,171
28,732 44,867
443,329
778,474
,
89,551 152,441
2,431,191
*
t
4,895,982
4 weeks’79..480.927
*
17,749
Cats,
bush.
603.621
605,767
Wheat,
bush.
Flour,
bbls.
Week
6,308
6,649
shipments from same ports for last four weeks :
Rail and lake
ending—
July 3
4,483
76,380 229,966
2,172,912
t 10,226,596
16,638,925.
Receipts of flour and grain at seaboard ports for the week
ended July 3:
has been active, but at barely steady prices for
Corn,
Flour,
Wheat,
Oats, Barley, Rye,
$1 14 for August.
Indian
corn
parcels afloat. For future delivery, however, there was some
improvement, No. 2 mixed closing last evening at 49%@49%c.
for July and 49%c. for August; No. 2 white sold yesterday at
53%c. To-day there was a decline of %@%c. from yesterday’s
figures.
Rye has continued dull and prices are again lower; shippers
say they can pay only 80c.
Oats have further improved, checking, however, the regular
trade. Yesterday there was’a brisk speculation in No. 2 mixed,
at 35%@36c. for July and 33%@33%c. for August. To-day
the market was dull, and No. 2 graded was quoted at 36c. for
mixed and 39c. for white. <
The following are closing
quotations:
bbl. $2 65® 3 25
3 75® 4 00
3 50® 3 80
4 10® 4 40
Spring superfine
Bpring wheat extras..
4 50® 6 25
do XX and XXX...
Winter sliipp’g extras.
do XX and XXX...
4 25® 4 85
5 00® 6 50
5 50® 7 50
4 60® 5 00
Patents
Western‘"rye mix”...
...
4 40® 5 50
family brands
Bouth’n ship’g extras.
Bye flour, superfine..
5 25® 6 50 Rye
4 60® 5 00 Oats—Mixed
White
4 40® 4 80
2 60® 2 90
® 3 15
Western, <fec
Brandywine, <ftc—
(196 lbs.)
Chicago
43,532
Milwaukee
Toledo
Detroit
Cleveland
Bt. Louis
46,727
330
4,681
2,895
19,954
5,745
2,150
®
State, 2-rowed...
—
®
Peas—Can’da,b.&f.
82
®
Peoria
Duluth
Total
Corn,
bush.
bush.
491,816
2,150
14,390
38,800
295,723
6,421
106,650
437,415
232,600
81,163
07
14
25
29
18
17*2
49 Mi
49*2
51
53
85
37
43
95
(32 lbs.) (48 lbs.) (56 lbs.
236,093 16,464 13.427
28,950 12,106
14,857 r
5,872
18,500
126,010
5,740
94,100
4,000
4,900
470,467 24,2i4 52,775
ports from Jan. 1 to July 3, inclusive
1878.
1879.
1877.
Flour
hbls.
2,892,535
3,275,531
2,915,221
2,050,363
Wheat
busli.
24,300,237
77,999,029
15,665,578
31,062,064
14.438,782
29,763,779
46,526,293
12,786,214
8,306,338
3^,937,610
9,714,436
1,599,631
1,925,103
906,563
2,523,236
Barley
Rye
1,125,536
Total grain....
Total
fco July
121,603,616
47,628,227
2,351,159
97,079,863
receipts (crop movement) at the
3, inclusive, for four years:
1879-80.
Flour
..hbls.
5,239,350
35,696,918
00,946,101
10,125,254
2,391,042
2,433,825
5,031,116
41,933,706
8,657,288
1,831,347
611,372
L9,896,983
111.593,170
58,064,829
Wheat... ..bush.
Cora
OatB....!.
41,923,276
75,541,619
12,409,688
1,584,267
802,960
132,261,810
grain
1
'
Exports from United States seaboard ports and from
July 3:
.bush.
86,684,687
122.490,659
2,855,948
93,857,337
same
2,651,389
57,521,733
ports from Aug. 1
1879-79.
1877-78.
1876-77
6,010.087
5,637,615
4,709,055
30,079,012
10,390,115
4,077,524
Barley....
Rye
87,160,830
87,698,622
30,398,594
9,492,905
4,555,974
Montreal
fer week ending
From—
Flour,
Wheat,
Corn,
bhls.
bush.
hush.
56.559
19,303
New York
Boston
1,779,416
90,476
Portland
Montreal*
7,253
310,633
Philadelphia-.
1,813
Baltimore
5,290
407,769
90.218
89,701
Barley, 2,108 hush.
The visible supply of
at the principal points
Peas,
bush.
hush.
2,103,610 154,744
277,215 10,571
35,825
2,848
310,333 191,467
1,195
712,981
.
1,000
313,360
373,360
2,961,654
1,352,978
Rye,
Oats,
hush.
2,848
86,350
4,017,499 358,977
3,033,940
3,200
35.825
43,603
*
grain, comprising the stocks in granary
Wheat,
bush.
In Store at—
1,520,213
360,000
New York
Do. afloat (est.).
Alhany
Buftalo
Chicago
Toledo
Detroit
St. Louis
Boston
'TYvrnrito
Cora,
Oats,
bush.
440.977
bosh.
623,115
348.000
26,000
430,000
82,000
Barley,
25,425
516,805
1,095,339
7,176
3,571,468
3,390,410
460.580
88,614
479,400
59,000
134,484
212,672
26,100
9,100
82,700
136,000
316,463
8,941
29,581
30,378
3,667
50.000
289,082
130,255
543
651
30,000
296,019
290,344
102,787
117,654
414,004
73,249.020
81,615,909
25,197,771
9,334,808
37,699,323
74,886,521
20,760,223
8,424,239
3,901,920
2,764,572
a.
bush.
'
83
.
73,367
10,000
30,000
4,600
16,300
13,900
1,019
5,023
392
248,392
61,081
16.725
1,451
116,621
133,062
1,987
1,511
127,053
34,500
45,259
4,064
5,705
357,897
216,000
26,587
’80. 12.264,920 16,733,218 2,823,762
13.913,310 18,097,790 3,030,549
June 19, ’80
15,550,196 17,564,027 2,802,798
June 12, ’80
17,933,556 18,315,647 3,203,848
June 5. ’80
19,580,257 16,407,750 2,945,805
July 5, ’79
12,184,153 11,517,230 1,581,995
235,772
280,180
293,426
Montreal
'
Peoria
Indianapolis
Kansas City
RalHmnrft
On rail
On lake(est.)
On canal (est.) —
14,700
74,843
336,042
291,485
1,322,000
702,986
167,234
102,800
76,037
532,267
988,569
4,800,000
2,121,000 2,871,000
Total July 3,
June 26, ’80
THE DRY GOODS
800
14
Business
44,703
4,000
211,334
237,986
234,065
376.260
250.135
436,558
366,334
301,486
428,074
TRADE.
Friday. P. M.,
Wheat
Corn
Oats
1877.
42,698,543
62,955,731
10,755,742
1,431,477
2,005,490
5,064,760
Total
28,402
47,400
3,303,568
4,532,023
..
6,380
1878.
4,225,187
1879.
Fiour... ....hbls.
.
3,500
July 3, inclusive, for four years:
1880.
OnwA?n
968,692 2,263,528
Corn..:
Oats
And from Jan. 1 to
Diilnt.h
1,604
3,525
92,606
1880.
1.000
.
454,150 20,600
150,735 27,980
739,500
20,128
Total week..... 153,287 3,596,959 4,108.237 458,449
Cor. week ’79.... 145,347 1,174,219 1,863,772 365,466
Milwaukee
574,382 38,310 23,456
at same
New Orleans
23,902
994,600 52,000
259,000
follows:
Rye,
bush.
999,319 3,482,303
Total receipts
for four years:
10,412
5,130
bush.
of accumulation at lake and seaboarcl
lake and river ports ports, and in transit by lake, rail and canal, July 3, was as
126,014
game time’79.
13,560
Baltimore
Total for w’k
Same time ’79.
Weekly.”)
Oats, Barley,
bush.
bush.
(56 lbs.)
126,109 2,283,531
128,099
110,838
116,047
9,900
®
®
,®
Wheat,
(60 lbs.)
33
36
—
Receipts of flour and grain at Western
for the week ending July 3,1880:
Flour,
bhls.
®
—
State, 4-rowed...
(From the “ New York Produce Exchange
At—
80
Barley—Canada W.
Corn meal—
Philadelphia
Rye
WheatNo. 3 spring, # bu.$l 05
®1
No. 2 spring
112 ®1
Amber winter
115 ®1
Red winter, No. 2 1 28 ® 1
White
;c
1 12 ®1
No. 1 white
1 17 ®1
Corn—West, mixed
46 ®
West’n No. 2, new
49a4®
West, yellow, new
49 ®
West, white, new
50 ®
City shipping extras.
Southern, bakers’ and
bbls.
bush.
husli.
bush.
bush.
74,230 2,098,281 1,885,428 265,750
38,518
293,570 407,465 73,050
2,850
5,500
1,500
8,587
186,480 210,359 17,569
At—
Barley
GRAIN.
FLOOR.
No. 2
$
Winter superfine
New York
Boston
Portland
Montreal
opened quiet the past week because of
July 9, 1880.
the interven¬
holidays, but the market has exhibited a little more
animation the last few days, owing to the arrival of a good
tion of
Southern and Southwestern buyers. Operations in fall
goods have been comparatively light, but there was a moder¬
Comparative shipments of flour and grain from
ports from Jau. 1 to July 3, inclusive, for four years:
ately-increased demand for staple cotton goods for early distrib¬
1878.
1879.
1877.
1880.
3,142.674
2,954,800
2,070,606 ution, and, though purchases were individually small, a fair
..bbls.
2,702,415
Flour
aggregate distribution was effected by the package houses. In
22,080,243
27.771,852
8,798.930
Wheat.... bush. 27,087,485
39,946,331
29,266,615 woolen goods there was no movement of importance, clothing
41,620,066
62,256,235
Corn
12,093,989
8,135,104
7,181,615 woolens having been quiet and flannels and blankets inactive.
10,887,693
Oats..,....
1,998,406
1,541,939
1,996,477
1,612,704
Barley....
1,583,342
762,802 Prices are nominally unchanged, but it is highly probable that
1,002,864
1,435,057
Bye
lower quotations will be made on various makes of both cotton
83,713,074
73,289,969
48,006,439
Total grain
104,053,277
and woolen goods as soon as buyers manifest a disposition to
Rail shipments from Western lake and river ports for the
weeks ended:
Ja* comn^nce operations for the fall trade.
253,721,997 219,306,925
Total grain
193,299,428
144,534,818
the
■
....
,
same
many
July 10,
THE CHRONICLE.
I860.]
-
~~
■
-
—
-
-
-
-
53
■
—-
-
Domestic Cotton Goods.—The exports of domestics from
this
port daring the week ending July 6 were 2,704 packages, dis¬
tributed as follows: Great Britain, 1,607; Brazil, 390; Vene¬
zuela, 209 ; Mexico, 208; British Honduras, 109 ; U. S. of Colom¬
bia, 71; British West Indies, 62, and some smaller lots to other
markets. Brown cottons were only in moderate demand, but
bleached goods were a trifle more active, and there was a
steady hand-to mouth demand for colored cottons, in which
tickings, denims, ducks, cheviots, &c., participated. Prices
of plain and colored cottons were somewhat unsettled, and
Amoskeag tickings were reduced %c. per yard; but other
goods (though favoring the buyer) were nominally unchanged.
Print cloths ruled quiet and steady at 4c. and 3/£c. for 64x64s
and 56x60s respectively. Light prints were almost neglected,
but there was a moderate inquiry for medium'and dark prints,
accompanied by some business.
Domestic Woolen Goods.—There was a strictly moderate
demand for clothing woolens, but prices were fairly steady on
the most desirable fabrics. Fine cassimeres and suitings were
taken in small lots at regular prices, and low and medium
grades were moved in moderate parcels by means of slight con¬
cessions. Worsted coatings remained inactive and overcoatings
were slow of sale.
Cloakings were opened by some of the lead¬
ing agents, but business was only moderate.
Kentucky jeans
were a little more active, but buyers are operating cautiously
as yet.
For flannels and blankets the demand continued light,
and there was a limited inquiry for carpets.
Worsted dress
goods were more sought for by large buyers, and fair orders
were placed for special makes now in process of manufacture.
Forbion Dry Goods.—There has been no improvement in the
demand for imported goods at first hands, and it is probable
that business will remain quiet in this branch of the trade until
importers are prepared to show new autumn goods. Staple
fabrics are generally steady in price, and stocks of fancy goods
are now well in hand as a rule, price concessions having enabled
holders to close out their accumulations.
Importations of Dry Goods.
The
importations of dry goods at this port for the week ending
July 8, 1880, and for the corresponding weeks of 1879 ana
1878, have been
follows:
as
ENTERED FOR CONSU3IPTION FOR TIIE WEEK ENDING JULY
1878.
Pkgs.
Manufactures of—
Wool
446
685
406
614
232
.
Cotton
Bilk
Flax
Miscellaneous
Total
2,383
1879.
Value.
•
$
1,144
231.228
614
118,149
36,974
774,164
3,696 1,101,356
706
172,125
303,826
1,055
1,355
342,913
237,590
1,179
158
44,902
210
WITHDRAWN FROM WAREHOUSE AND THROWN INTO
ING THE SAME PERIOD.
673
..
284,971
302,741
414,178
186,111
78,910
MARKET
DUR¬
134
101
110
69
177
696
58,191
51,887
19,414
41,942
11,168
42,590
211
257
62
115
463
95,485
106,899
1,108
305.619
Cotton
Bilk
Flax
Miscellaneous
108
26
208
356
Total
Ent’d for consumpt.
832
182,602
2,383
774,164
173,912
1,153
3,696 1,101,356
3,823 1,266,911
Total
3,215
956,766
4,849 1,275,268
4,931 1,572,530
market...
53.916
43,265
28,212
5,929
ENTERED FOR WAREHOUSE DURING
Manufactures of—
Wool....
Total
Ent’d for consumpt.
Total at the port...
following
SAME
-58,669
26,748
17,818
PERIOD.
211
189
30
127
524
61,478
43,089
26,010
35,453
19,911
316
330
54
244
33
1,081
2,383
185,941
774,164
977
3,464
960,105
82,594
45,680
27,630
44,781
2,795
629
377
120
341
668
246,021
123,935
76,201
85,792
19,807
203,480
3,696 1,101,356
2,135
551,756
bbls.
Liverpool....
Glasgow
Bristol
W, Hartlepool
British ports.
Havre
Marseilles....
Hamburg....
Bremen
4,673 1,304,836
Lard,
bbls.
lbs.
700
85,600
1,681
1,400
451
63
144
1,860,450
264
71,480
43,250
.../
720
50
23
....
Denmark....
Btet in
Beef,
463
....
Antwerp
f-
....
152,000
....
100
....
....
208
98
Cuba
330
Hayti
944
British Col...
Other count’s
Total week..
Prev’s week
.
....
307.
1,590
1,243
837
.
....
153
105
15
339
78
184
9,054
3,948
6.589
4.753
.
.
.
1,676,250
418,100
831,400
398,080
297
5
10
200
Medit’n ports
Brazil
Cent. Amer..
Mexico
8. & C. A
West Indies..
Com meal
Wheat
32
459
...bbls.
70,140
Since Jan.
1880.
665
..bush.
2,259,470
.bush.
.bush.
.bush.
10,250
1,616,600
240,1*0
75,032
Rye
Corn
Oats
.
.
Barley and malt..
.
-
552
Peas
Cotton
Cotton seed oil
Flax seed
Grass seed
Hides
Hides
6,979
...bbls.
Leather
Lead
Molasses
Molasses
Naval Stores—
No.
2,471
..bales.
..bales.
592
348
3,791
39,840
2,145,158
62,625
22,572,902
526,731
2,583,938
87,691
21,512,058
1,140.723
26,276,199
6,980,470
2,233,706
301,307
463,422
20,620,332
..hhos.
...bbls.
4,941
33,547
160,292
13,471
1,241
247,032
112
Pitch
Oil cake
...bbls.
470
82
.pkgs.
9,625
2,161
44,307
185,552
11,378
1,328
365,619
Oil, lard
Oil, whale
...bbls.
100
3,365
.
-
435,936
75,397
3,137
10,486
Rosin
Tar
3,311
94,850
107,007
84,682
34,653
2,191,155
41,814
bbls.
...bbls.
..
424,362
13,838
545
Turpentine, crude. ...bbls.
Turpentine, spirits.
5,142,924
1,965,334
226,545
2,111,345
101,827
2,346
944
■
181
..pkgs.
..pkgs.
..pkgs.
..pkgs.
-
-Pkgs.
...bbls.
tcs. & bbls.
Hogs, dressed
Rice
53,143
62,562
2,637
90,037
20,059
928,516
656,444
163,151
433
24,111
28,890
70,257
7,036*
11,943
2,834
831,666
366,985
364,513
90,675
40,674
No.
.
Steariue
.
.pkgs.
1,207
37,813
27,363
.pkgs.
354
11,146
...bbls.
Sugar
•
•
.
91
-
70
Tallow.
Tobacco
Tobacco
..pkgs.
..hhds.
...bbls.
Whiskey
8,028
61,579
84,069
37,443
178,083
39,370
2,606
2,115
boxes & cases.
s
2,451
4,512
3,664
Wool
11,458
852
Peanuts
Provisions—
Pork
Beef
Cutmeats
Butter
Cheese
EgtfS
Lard
Lard.
8ame time
last year.
2,273
29,835
11,566
64,912
83,361
30,639
10,197
77,012
.pigs.
..
1,
27,390
48
200
428
..bags.
Hops
22,697
968,413
703,580
862,766
291,401
472,848
29,971
49,869
21,412
61,595
17,927
1,106
29,347
57,051
81,236
37,998
159,284
66,642
Kxports of Leading Articles of Domestic Produce.
The
following table, based upon Custom House returns, shows
from New York of all leading articles of domestic
produce for the week ending with Tuesday last; also the export*
from the 1st of January, 1880, to the same day, and for the cor¬
responding period in 1879:
Week
ending Since Jan. 1,
1880.
July 6.
....bbls.
bbls.
lbs.
Ashes, pots
Ashes, pearls
227,050
•
160,900
732,700
20,800
61,683
93,313
5,488
1,000
283,851
24,550
173,807
450
Flour, wheat
Flour, rye
102,288
bbls.
../.bbls.
Cora meal
Wheat
6
3,117
1,972,255
Barley
5,958 1,818.667
Peas
Cora
Bacon,
Cheese,
lbs.
lbs.
1,283,965
890,820
8,435,493 3,913,994
1,203,900 1,146,060
194,850
191,950
45,625
938,050
.
Tallow,
lbs.
394,642
218,500
480.000
138,240
311,280
12,000
915,800
67,000
234,375
13,740
17,000
258,400
760,300
77,000
44,800
570,000
35,625
137,500
1,000
583
208
2,000
28,322
4,825
50,907
Oats
7,270
342
7,312
3,183
13,852
1,128
4,296
3,592
20,000
335
4,920
3,431
20,800
3,496
21,417
2,000
7,3U0,iy8 14,225,895 6,946,444 1.982,293
9.203.043 16 355.468 5 RQ7 403 4 364.802
104,045
...bush.
4,184
2,462,555
Candles
Coal
Cotton
Domestics
...pkgs.
...pkgs.
Hay
...bales.
Hops
Naval Stores—
Crude turpentine.
Spirits turpentine.
Rosin
•far
Pitch
Oil cake
Oils—
Whale
bbls.
bbls.
....bbls.
....bbls.
661
2,151
10,397
2,704
4,533
1,041
54,878
28,238
1,930,093
2,289
88,120
28,283,353
943,655
282,232
262,636
200,516
22,468,581
32,133
26,470
341,736
1,529,017
3,789
86,923
23,203,452
2,213,865
338,620
v
192,670
17,821,007
33,365
42,804
140,210
70,281
1,460
12,395
100
5,393
6,585
131,584
58
10
103,211
4,075
3,374
2,704 024
4,112
32,361
13,502
3.013
917,349
m
;
....gals.
....gals.
....gals.
—gals.
—gals.
Lard
Linseed
Petroleum
Provisions—
Pork
Beef
Beef
Cutmeats
Butter
Cheese
Lard
Rice
Tallow
....bbls.
....bbls.
.tierces.
lbs.
30,827
69)907
38,6*51
206,008
410,351
850
51,433
5,113,337
138,249
93*645
673,402
6,017
1.17,286,888
105,116,024
5,418
1,280
130,420
127,789
27,361
432
9,153,394
215,051
2,926,173
6,300,484
33,451
34,060
305,551,610
2,155,016
...hbds.
bales and cases.
13,012,296
46,013,136
153,238,021
10,214
45,352,367
958
432
32,989
21,952
Tobacco,manufactured, lbs.
57,903
3,418,477
52,855
....bbls.
Tobacco, leal
Whalebone
101,770
3
41,384
Sperm
Tobacco
80
51,953
64,353
1,900
...
...
Same time
last year.
627
131
Breadstuff's—
3,823 1,266,911
Exports of Provisions.
are the exports of provisions
Tork,
London
Flour, wheat
...bbls.
...bbls.
Rye
from New York,
Boston, Baltimore, Philadelphia, Montreal, Portland and New
Orleans, for week ending July 3, 1880, and their distribution :
To—
Ashes
Beans
Breadstuff's--
Beeswax
Cotton
Bilk
Flax
Miscellaneous
.
£7
July
the exports
Wool
The
Week ending
3,823 1,266,911
THE
Manufactures of—
on
following table, based upon daily reports made to the
Exchange,, shows the receipts of leading
articles of domestic produce in New York for the week ending
with Tuesday last (corresponding with the week for exports),
also the receipts from January 1, 1880, to that day, and for the
corresponding period in 1879:
New York Produce
Sugar
$
171,550
209,263
425
Value.
Pkgs.
Domestic Produce.
The
Spelter
1880.
Value.
Pkgs.
8, 1880.
Receipts of Leadin'? Articles of
-
lbs.
248
......
31,078
333,428,615
16,875,284
57,044,757
141,805,162
8,978
38,784,719
25,772
13,845
3,695,068
31,916
CHRONICLE.
THE
54
SECURITIES.
INVESTMENT
Special attention to business of country banks.
Kimball, HowellSc Co.,
Exchange,
68 BROADWAY AND 17 NEW
STREET,
Investment
Buy, Sell and Carry on Margins
A
WANTED:
All Securities dealt in at tlie Exchange
kinds of MISSOURI and
FAULTED COUNTY BONDS.
Jas. L. Anthony. Member N. Y. Stock Exchange.
Henry W. Poor.
Jas. H. Oliphant, Member N. Y. Mining Exch’ge
price paid for them.
address,
L. A. CODUARD,
BANKER AND BROKER,
124 N. Third street, St. Louis, Mo.
ANTHONY, POOR & OLIPHANT,
BANKERS AND BROKERS,
And
Street, New York,
Devonshire Street, Boston.
83
Buy and Sell on Commission all Securities
Current at the New York Stock Exchange.
Allow Interest on Deposits. Make Advances
on Approved Collateral.
N. T.
Gas
SPECIALTY.
J
buy or sell are
Municipal and
Coupons
Railway Bends and
bought and sold at best
No.
6
Market Rates.
145
No.
Wall
BONDS
BOUGHT AND
SOLD.
See quotations of City Railroad* in
STOCKS and BONDS
At Auction.
Undersigned hold REGULAR AUCTION
SALES of all cUtfees of
BROAD
AND
ST.,
Swan &
BANKERS
nished by the
Company.
FRAUD.
The Company will, upon application, send Circu¬
Co.,
larsgiving full particulars.
Office of Middle Department, Boreel Building
No. 117 Broadway, N. Y., Henry W. Baldwin, Sup’fc.
KENTUCKY.
COMMERCIAL
Barrett,
AND
Mutual Insurance Co.,
BROKERS
Noe. 57 and 59 William Street.
&
SON,
YORK.
INSURES AGAINST
Government* State, County, City and Rail¬
MARINE, FIRE AND INLAND
road Bonds, Bank Stocks, *e.
Desirable Investment Securities constantly on band
Steel
1, 18SO
$810,804 75
All Risks Whitten at Reasonable Rates.
YORK,
NEW
NAVIGATION
RISKS.
ASSETS Jan.
Pens.
BROKER,
W. IRVING
a
COMES, President.
WAINWRIGHT HARD1E, Vice-Pres’t
HENRY D. KING, Treasurer
Securities.
Investment
in
The new form of Endowment Policy provides
That if the ENTIRE RESERVE is a greater sum
than the single premium required to carry the full
amount of insurance to the end of the endowment
term, the excess shall be used as a single premium
to purchase a pure endowment, payable at the end
of the term, thus guaranteeing to tne policy-holder
in every event the full value of his Reserve.
NO SURRENDER of the Policy is required; only
a notice from the
policy-holder, on blanks fur¬
AFTER THREE YEARS, ALL RESTRICTIONS
and CONDITIONS in regard to travel, .residence.
200 middle Street,
(Drexel Building)
Denier
suring elsewhere.
After the premiums for three or more years hav
been paid, upon receiving the required notice from
the assured the Company will continue the Policy
in force without further payments, for its FULL
FACE, for such a period as the ENTIRE RESERVE
MARINE AND FIRE INSURANCE.
John F. Zebley, Jr.,
&
President.
LIBERAL AND IMPORTANT CONCESSIONS IN
LIFE INSURANCE CONTRACTS.
SATURDAYS.
No. 7 TINE STREET, NEW
BANKER
J AMES BUELI
PORTLAND, MAINE,
AND
RHJLLER
H.
SECURITIES
SPECIALTY
LOUISVILLE,
Dealers in
ADRIAN
-
Broadway, N. Y.
$4,983.226 81
872,484 t>6
CASH CAPITAL *200,000.,
ON
WEDNESDAYS
York City
G. W. Norton. &
BONDS
AND
STOCKS
BROKER,
BANKING HOUSE OF
this paper.
-
-
default.
8tate, Municipal and Railway Fonds and Coupons
bought and sold at best market rates. Investors or
dealers wishing to buy or sell are Invited to communi¬
YORK.
Assets,
Surplus,
being made for foreborne or unpaid
premiums, excepting in the event of the deatt
occurring within three years after the origin*
cate with us.
Member of the New York *• tock Exchange.
Grant,
CITY RAILROAD STOCKS &
AND
261—264
deduction
Street, New
A
BROADWAY,
NEW
The
BANKER
SOUTHERN
Investors or Dealers wishing to
invited to communicate.
State,
H. L.
YORK.
John B. Manning,,
SECURITIES
The United States
Life Insurance Comp’y,
will carry it.
Should the d slh of the insured take place during
the continued term of insurance as provided for
above, the full laue of the Policy will be paid—no
STREET,
BROKER,
(An intimate knowledge of all for the past 10 Years.
A
Stocks, Ac.,
NEW
1
SPECIALTY.
Cash paid at once for the above Securities; or
they will be sold on commission, at seller’s option.
Examine the new form of Policy issued by
United States Life Insurance Company before
Beers, Jr.,
NEW
No. 52 EXCHANGE PLACE, NEW YORK.
RAILROAD
DE¬
SECURITIES, CITY BONDS,
Smith,
AND
BANKER
BROOKLYN
No.
Fred. H.
ILLINOIS
Highest market
Give full description, ard
No. 19 Broad
Stocks
Miscellaneous
and
All
,
STREET.
Insurance
Securities not actively dealt in at the New
York Stock Exchange.
ST.,
AI L E Y
Dealing
ALSO,
of
classes
B
•
PINE
SELLS
AND
Railroad Stocks and Ronds.
All
S.
7
Gaslight Stocks.
Trust Companies9 Stocks,
Telegraph Stocks,
Telephone Stocks,
N. P. Henderson,
H. Kimball, J. P. Howell,
Members N. Y. Stock
BUYS
New York.
E.
NOYES,
NASSAU
21
BROKERS,
AND
C.
WM.
Co.,
A. H. Brown &
BANKERS
Insurance.
Financial.
Financial.
f Wall St., Cor. New,
[Vol. XXXI
Orders executed at the Stock and Mining Exchanges.
Iowa and Nebraska.
Correspondence
ven on
full information
solicited and
all classes of bonds and stc cks.
cAxcJlL.'i’Cwikfet.
d6 Co.
GOLD
18
WALL
New
Insurance
MEDAL, PARIS, 1878.
OF
HU Celebrated Humbert,
showing the
New York.
CONDITION OF THE COMPANY ON THE FIRST
DAY OF JANUARY, 1880.
Insurance.
T II E
York.
of STOCKS and BONDS for
P. O. BOX 2,647.
Wayland Trask.
H. J. Morse
OF NEW YORK,
I F.S.WINSTON, PRESIDEN
J. D. Probst & Co.,
STOCK
AND
BOND
BROKERS,
SSUES
EVERY APPROVED DESCRIPTION
.IFE AND ENDOWMENT POUCH
)NTERMS AS FAVORABLE AS THOSE 0
ANY
No. 52
EXCHANGE PLACE, NEW YORK.
Stocks, Railroad Bonds, Governments, and
.Miscellaneous Securities, Bought and Sold
$3,000,000 00
Cash Assets
$6,410,988 11
1,841,438 00
248,764 81
1,320,785 30
SO HUH ARY OF ASSETS
Buy and Sell Investment Securities.
A. M. Kidder.
CASH CAPITAL
Reserve for Re-insurance
Reserve for Unpaid Losses
Net Surplus
STREET,
Transact a General Banking Business, including
he purchase and sale
ash or on margin.
Company
YORK,
Fifty-Third Semi-annual Statement,
throughout the world*
Joseph Gillott & Sons,
NEW
OFFICE, 119 BROADWAY.
303-404-170-361-332,
and his other styles may be had of all dealer*
BANKERS,
NO.
HOME
m.
Special attention given to Defaulted Railroad and
Municipal Securities of Illinois, Kansas, Missouri,
OTHER
COMPANY.
-ORGANIZED APRIL 12™ 1842.
Held in the United States, available for the PAY¬
MENT of LOSSES by FIRE and for the protec¬
tion of Policy-Holders of FIRE INSURANCE:
Cash in Banks
*233,299 29
Bonds and mortgages, being first lien on
c
real estate (worth $4.171,400)
1.860,663 00
United States stocks (market value)— 3,184.125 00
Bank stocks (market value)
;..
200,702 50
State and municipal b’ds (market value)
237,859 50
Loans on stocks, payable, on demand
(market value of securities $543,592).
418,070 00
Intelest due on 1st Jauuary, 18t0
54,870 66
Balance in hands of agents
154,114 87
Real estate
54,125 91
Premiums due and uncollected on poli¬
cies issued at this office
6,507 38
...$6,410,988 11
Total
MASSES OVERS 80,000,00?
i
CD AS. J.
J. H,
MARTIN, President.
WASHBURN, Secretary.
@FedFRASER