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HUNT'S
MERCHANTS'
§, W
je
MAGAZINE,
paper,
It I j|
REPRESENTING THE INDUSTRIAL AND COMMERCIAL INTERESTS OF THE
UNITED STATES.
SATURDAY,^?ULT43,
VOL. 27.
CONTE NT 8
THE
CHRONICLE.
Increase of Mercantile Failures...
Beaconsfield and the British Protectorate of Asiatic Turkey
General Sherman’s Plan for Making a Democratic Government
8trong
i..
For such
.
27 I Railroad Earnings in June, and
| from January 1 to June 30
28 Latest Monetary and Commercial
I
I Commercial
291
News
30 |
.
Socialism in the United States....
31
English News
32
and
Miscellaneous
34
THE
BANKERS’ GAZETTE.
I Quotations of Stocks and Bonds... 38
Railway Stocks, Gold Market,
[ New York Local Securities
39
Foreign Exchange. N. Y. City
1 Investments, and State, City -and
Banks, Boston Banks, etc
35 |
Corporation Finances
40
THE COMMERCIAL TIMES.
Commercial Epitome
43 I Dry Goods
49
Cotton
/.
43 Imports, Receipts and
Exports.... 60
Breadstuffs..
Money Market, U. S. Securities,
..
.
48 I Prices Current
51
Slue Chrmticlc.
The Commercial
amount, which is almost without
For One Year,
(including postage
$10 20.
For Six Months
6 10.
Annual subscription in London
(including postage)
£2 6s.
Six mos,
do
do
do
1 7s.
Subscriptions will be continued until ordered stopped by a written
order, or
at the 'publication office. The Publishers
cannot be responsible for Remittances
unless made by Drafts or Post-Office
Money Orders.
London Office.
The London office of the Chronicle is at
No. 5 Austin
Old BroadStreet, where subscriptions will be taken at the prices aboveFrjars,
named.
Advertisements.
are published at 25 cents
per line for each insertion,
but when definite orders are
given for five, or more, insertions, a liberal dis¬
count is made.
No promise of continuous publication in the best
place can be
given, as all advertisers must have equal
opportunities. Special Notices in
Banking and Financial column 60 cents per line, each insertion.
JOHN G.
dana,
flotd, jr.
?
f
parallel in the
pre¬
history of the United States. The total
liabilities of the insolvent firms amount to
$130,832,766,
against $99,606,171 for the corresponding period in 1877,
and $76,844,266 in 1875. ’ The number of failures shows
a
corresponding increase, as will be seen from the sub¬
mercantile failures in the united
states,
WILLIAM B. DANA & CO.,
Publisher^,
79 & 81 William Street, NEW YORK.
Post Office Box 4592.
A neat file-cover is furnished at 50
cents; postage on the same is 18
cents. Volumes bound for subscribers at
$1 50.
For a complete set of the Commercial
and Financial
July, 1865, to date—or of Hunt’s Merchants’ Magazine, 1839 toChronicle—
1871, inquire
at the
office.
.
KIF" The Business Department of the Chronicle is
represented among
Financial Interests in New York
City by Mr. Fred. W. Jones.
1875-1878.
Amount
No. of
Failures.
First six months in 1875
3,563
4,600
First 6ix months in 1876
First six months in 1877
First six months in 1878
4,749
'
5,825
The circular from which
.....
b.
a
joined table:
TERMS OF SUBSCRIPTION-PAYABLE IN ADVANCE:
William
an
vious financial
Financial Chronicle is issued on Satur¬
the latest news up to midnight of Friday.
Transient advertisements
NO. 681.
investigation important data are supplied
by the records of financial failures, and the latest report
of Messrs. Dun, Barlow &
Co., just issued, is particu¬
larly suggestive in several points of view. It shows
that during the last six months the failures in the
United
States have received an
increase, both in number and
and
day morning, with
1878.
enumerates
of
Liabilities.
$ 6,844,266
108,415.429
99,606,171
130,832.766
Average
Liabili¬
ties.
$21,567
23,568
20,974
22,460
derive this information
causes for the increase of recent
five
we
special
failures, chief among which are the financial disturbance
incident to the agitation of
currency changes by Con¬
gress and the repeal of the bankrupt law.
The lastnamed circumstance has
given an impulse to the process
of
liquidation, and has led
a multitude of weak firms all
the country to avail themselves of the
privilege of
settlement under the present law before its
over
operation
ceases.
These
figures indicate the extent of the transition
going on throughout our industrial system.
During the paper-money period our people became so
which is
accustomed
definite
to
see
intelligible
values
augment
reason,
except
without
that it
any
was
INCREASE OF MERCANTILE FAILURES.
in some way traceable to the
material
growth
The destruction of
capital, and the laws controlling and prosperity of the
country,
has
that
it
its disappearance and
required a
reproduction, are among the most severe discipline in the stern school of
practical experi¬
interesting parts of the domain of political economy ence to enable them to discern
how much of
considered as a practical science. Since
existing
the, panic of values was real and how much was artificial
and
.
wholly
1873, this country, notwithstanding its business depres¬ fictitious. There
are many
that this lesson
indications
sion, has enjoyed several years of singular activity in the has been
effectually learnt, and that the country has
production of many of the elements of agricultural and
accepted and realized the transition to the firm basis of
material wealth. But for these
exceptional circumstan¬ solid values. But this process involves two
results:
ces we should have suffered more from
the general losses to creditors and men of
capital from insolvencies,
causes of
trouble, which have been so conspicuous in and the commencement of a healthier
and more promis¬
spreading stagnation and distress throughout the com¬
ing
state
business
founded
of
upon sounder credits and
mercial world. It is
always a popular though difficult more solvent operations. The
rapid transition which
task to trace out the method and the
extent of these the
country has lately been making is, therefore, one
two opposite
movements, the one tending to produce
important cause of the increase of failures during the
among us industrial distress; and the other counteract¬ last six
months.
ing this tendency, and giving a more positive turn to
Another cause of trouble is the transformation of
our
the production of wealth and the
prosperity of trade. industrial system, incident to the severe economy which
28
THE
has been
CHRONICLE.
65781
rigidly carried on during the last few years
in this country.
The decline of extravagance and
prodigal habits among our people has effected consider¬
able changes in the demand for certain classes of
goods.
In some directions the demand has fallen off, while in
others it has almost entirely ceased, the decline
being
compensated by an increased demand for commodities
suited to the new tastes and more frugal wants
of the
community. It is not the work of a day to change the
fabric of our industry and redistribute labor. There
is evidence that much of the
severity with which
certain classes of our industrial population have felt the
pressure of the times is due to this transformation,
which has now almost spent its force and is full of
promise and hope for the future. To illustrate the com¬
parative increase of insolvencies, the subjoined table
shows the quarterly aggregates of the, number and aver¬
age liabilities of failures throughout the United States:
so
COMPARISON OP
,
1st
Quarter
Years.
\AvJiabilities.
J
2d
ing six months of last year. In New York, Cincin¬
nati, Philadelphia, Chicago and some other cities there
has also been a considerable
increase, while in San
Francisco and St. Louis the failures this
year are very
much below those of the first half of 1877.
In Louisi¬
M
Av.lia?o. bilities.
Quarter. 4th Quarter.
Av.liuNo. bilities.
and Texas there has been a
great
of the liabilities involved in
West, as well as the Eastern and Northern
sections of the country, have alike suffered from certain
active causes which have been at work to increase mer¬
cantile failures.
We have
as
to the
aggregate liabilities involved in the
failures of the next six months it is
expected will be less.
And there is great gratification in the belief which is
Av.lia-
No. bUitles.
now
will
of
widely prevalent that in the early future the nation
enjoy an improvement both of general business and
public and private credit.
peculiar nature of the forces which
work that the increase of failures should be
of official information
during the last
1,581 $21,295 1,771 $30,676 2,405 $29,475 7,740 $25 960
24,398 2,450 19,534 2,012 17,034 9.092 21,020
2,869 19,910 1,880 23,972 1,816 23,318 2,307 21,117 8,872 21,491
3,355! 24,464 2,470 19,738
at
means
year do not seem to have reached the previous averages,
which in former years were estimated at abo it
thirtyfive per cent. The
,982'$21,784
have been
no
dividends received or expected from insolvent traders.
But front facts that we have been at some
pains to col¬
lect the average
payments to creditors
2,8061 23,038 1,794
It follows from the
addition to the volume
insolvency* showing that the
South and
For theTear
Av.liaNo. bilities.
Georgia, Ohio, Indiana, Kentucky, Pennsylvania
ana,
FAILURES, 1875-78.
Quarter.
[vol. xxvn.
.
—
Ml—
BEA CONSFIELD AND
THE BRITISH PROTEC¬
TORATE OF ASIATIC TURKEY.
quite general, and yet there is reason for a considerable
The event of the week has been the
disparity in the results in different parts of the country.
publication of the
Subjoined is a table showing the aggregates in every secret treaty between Great Britain and
Turkey. It has
State of the Union, and
comparing the failures of the given a sort of dramatic character to the closing scenes
last six months with those of the
corresponding period of the Berlin Congress. A surprise of some kind was
in 1877:
not
wholly unexpected. The British {Statesman, it was
MERCANTILE FAILURES, JANUARY TO
JULY, 1877 AND 1878.
rumored, was about to give fresh evidence of his love of
Second Quarter
Total Urst six
sudden and startling
Total first six
denouements, as well as of the bril¬
in 1878.
months of 1878- months of 1877*
liancy
of
his
conceptions. The revelation, however, has
No. Amount.
NoAmount.
No.
Amount.
even exceeded
Alabama.
expectations.
6
25
$77,094
33
$461,672
$526,031
'
Arizona
Arkansas
California
San Francisco
w
.
Colorado
Connecticut....
Dakota
Delaware
District of Columbia
Florida
’
-
Idaho
Illinois
90,500
523,000
990,000
133,769
1,355,201
11,000
92,000
113,702
41,138
'
9
8
6
39
Georgia
8b8,772
...
,
78
104
Chicago
IndianaT
Iowa
Kansas.
19^000
1
10
59
61
13
73
2
Louisiana
Maine
Maryland
Massachusetts
Boston
Michigan
Minnesota
Mississippi
Missouri
St Louis
;.
Montana
Nebraska.
105,800
81
1,446,880
43
39
31
180
61
91
21
36
15
29
986,306
144,900
589,080
4,758,422
2,061,300
1,552,554
186,834
241,176
177,212
239,70.
17
91,300
34
40
2
134,50.
634,600
2,200
3,124.725
......
Nevada
New Hampshire
New Jersey
New Mexico
New York
New York City
North Carolina
Ohio
...
207
151
36
112
60
Cincinnati
Oregon
Pennsylvania
Philadelphia
1,021,900
7
Kentucky
....
816,430
3,480,000
1,133,’ 80 •
73
85
...
.
'
Rhode Island
South Carolina.
Tennessee
Texas....
5,488,923
49
49
3
22
41
311,154
478,490
42,500
395,500
Utah
Vermont
West Virginia
Wisconsin
Wyoming
•
264,500
1,985,084
1,804,148
205
70
34
16
;
Virginia
Washington Territory.
7,910,900
•
•
•
10
49
2
1,414,122
389,322
100,138
316,144
•
•
•
•
•
•
3
26
139
116
26
150
•
11
17
12
88
42, li 7
272,600
1,343,311
1,826’747
337,373
2,795,6.0
83,000
96,500
164,202
76,6:38
1,523,562
'
2
....
232
215
254
245
20
145
90
117
63
354
175
219
55
70
47
62
4,89',131
8,753,300
3,948,549
2,140,400
424,550
4,759,253
4,080,706
803; 900
1,246,880
7,817,431
6,536,523
467,220
14,000
18,500
149,500
733.600
120,500
703,696
29,500
4,13,800
244
107
4,710 600
178
2;234,885
222
22
124
31
54
71
268
41
434,'518
571.003
1,756,502
4,190,128
2,161,200
201,300
460,329
220,162
87
1,950,828
1,873,510
77
4
43,700
62
62
1,070,600
612,044
5
49
52
4
227,736
1,398,916
24,000
36
•76
us to understand much
which would otherwise have remained dark and difficult
of explanation.
It
explains the firmness and the bold¬
sions of the
28
40
35
5,402,466
955,225
513,561
1,340,474
knowledge of this fact helps
3,943,750
3,491,2:0
11,714,554
treaty, according to which Great
Britain undertook the protectorate over Asiatic
Turkey
and the occupation
of the island of Cyprus.
The
ness
86
58
43
63
861,500
appears that as far back as the 4th of June,
and in view of certain
contingencies, Beaconsfield con¬
cluded this secret
now
1.543,400
136,250
385,963
807,160
;73S,216
571
434
65
199
56
18
300
83
54
53
56
23
99
4
'
176
65
472,200
7
107,137
57
276,800
77
1,0^3,800
2
2,200
515
8,538.844
424 23,395.412
58
499,400
290
6.831,233
106
3,215,080
429
135
67
38
123
145
176,'25
1,456,756
5,802,035
386,400
2,930.740
4;008,025
•
132,000
It
15
179
78
21
162
3
8
19
7
56
4,'913;328
1,096,515
599.689
461,842
9,845,590
16,545.064
411,965
3,130,637
1,813 890
175 904
6,052,957
2,215,873
2,183,587
924,496
602,450
1,006,620
30,000
400,883
439,734
45,800
381,926
1,143,956
which
attitude
Before
he
has
manifested
in
all
the
discus¬
Congress, and especially his unswerving
every question touching British interests.
taking his place in the Congress he had
on
made arrangements and secured conditions which
prac¬
tically
gave
him the victory in advance.
If the
worst
should arrive—if the Congress
should not only
fail to make
peace,- but precipitate war—the Turkish
alliance would be a source of
event
strength, and as British
admirably cared for, British enthu¬
siasm and support
might be counted upon with confidence.
The secret treaty, as we have
said, was entered into in
view of certain contingencies. It was foreseen that
Russia might insist on
retaining and annexing Batoum,
interests had been
so
Kars and Ardahan.
If such
a course was
sanctioned
by
Congress, the treaty was to take immediate effect.
was
not, therefore, until the Batoum question was
the
It
settled in favor of Russia
treaty was made known.
to retain these
that the existence of the
Russia might well be allowed
strongholds in northern Armenia, when
England had already secured the island of Cyprus, and
virtually added to her Indian possessions the remainder
From the
foregoing we see that in the city .of of Asiatic Turkey.
Boston the fail ares
during the last six months have
It is a singular and
noteworthy fact that the late war
been three-fold as
great as those of the correspond¬ has resulted less to the
advantage of the nations which
Total
Dominion of Canada
2,470 48,753,940 5,825 130,832,766 4,749
99.606,171
392
947 13,508,729 1,223
4,407,800
15,151,837
July
THE
13, 1878.]
CHRONICLE.
29
immediately engaged than to those which were reorganization of the army, to be presented by him to
merely attentive onlookers. Roumania has been com¬ the joint Congressional* committee on that subject,
pelled to let go her hold on a large portion of Bessa¬ which, after the fashion of committees that “ have leave
rabia and to content herself with the Dobrudscha in its to sit during the recess,” will combine pleasure with
stead. To be sure she has secured her independence; business, in proportions unknowable but at the expense
but, in view of her great expectations, the treatment she of the Treasury through some “ contingent” fund, at the
has received from the Congress must be regarded as a White Sulphur Springs, on the 22d. Naturally and
great disappointment. Servia &d Montenegro have almost necessarily, and probably with the utmost sincer¬
both had their territories enlarged, but both consider ity, he magnifies the necessity and usefulness of the
themselves poorly rewarded for the services which they army, and is probably somewhat stirred up by the evi¬
rendered and the sacrifices which they endured. Russia dent disposition in the House to enforce the contrary
herself has gained but little. The treaty of San Stefano view, by reducing the army to a peace footing.
It is so
natural
for
a
man
to
has been completely wiped out, and as the fruits of her
overrate, if not his own personal
victory she receives^ only the strip of Bessarabia above importance, the importance of the subject to which his
referred to, the port of Batoum, which is only five or time is devoted, that General Sherman’s arguments must
six miles from her present frontier, and a small strip of properly be received subject to the qualification that he
territory which includes Kars and Ardahan—Bayazid, the is both talking professionally and cannot avoid feeling
frontier fortress, she has been compelled to relinquish. personally interested.
Nor is this all. She has obtained no new privileges in
Only the merest outline of his views, and nothing of
his
the Dardanelles or on the Bosphorus, and Turkey is
argument, is given in the dispatch. But it is very
rendered more secure against her attacks than she was possible that at present, remembering the outbreak of
before the war. Austria, on the other hand, has been last July and influenced by a vague uneasiness at the
rewarded with Bosnia and the Herzegovina ; and Eng¬ Communistic talk which floats about, a good many per¬
land who, like Austria, took no part in the fight, has, by sons of the property-owning class incline to think the
the occupation of Cyprus, greatly strengthened her posi¬ general government ought to undertake the general
tion in the Mediterranean, and by the protectorate of police duty of preventing a breach of the peace any¬
Asiatic Turkey has not only made more secure her hold where. Had, they say, a suitable power only been
on India, but effectually injured Russian prestige in the
ready at the right time, several millions might have
been
saved last July. But as an economic question, we
East.
It is hardly possible to overestimate the importance might ask how much would it have cost to have it
of the diplomatic victory which Great Britain has thus ready ? Has anybody made an estimate of the numbers,
won.
The protectorate of Asiatic Turkey would have location and cost of the standing army which would be
been a rich reward after a costly and hard-fought cam¬ necessary in order to be able to strike down immedi¬
paign. It has been war, however, by the pen, not by ately any disturbance in this wide country. We may
It is difficult as yet to predict the results say 25,000 men to-day; but surely that is insufficient for
the sword.
which may flow from the revelation of the treaty. Prince such a work, and each succeeding year would show a
Gortchakoff is reported as having expressed himself well further increase necessary.
A little reflection, then,
pleased with the arrangement, regarding England’s per- proves that, as a mere matter of money, maintaining an
manent hold of India as a benefit to the world.
It is army for police duty would be paying a ruinous price
scarcely conceivable, however, that the treaty will find for insurance against disorder; during the fourteen
favor generally among the Russian people. It will not years between 1863 and 1877, such a force would have
be wonderful, indeed, if it should greatly embitter the consumed over and over the value of its indemnity.
General Sherman, says the dispatch quoted, takes the
hard feeling which has already long been existing be¬
tween Russia and Great Britain.
France can hardly be1 view “ that where the civil power is weak the reserve or
well pleased with an arrangement which trenches on military power should be strong.” The pithiness of this
remark justifies taking it as his own language, and it
some of her ancient hereditary rights on the eastern
coasts of the Mediterranean; and Italy may well feel seems curiously paradoxical: for the words
where the
civil
power is weak ” must mean where executive power
jealous in the circumstances. It is doubtful, however,
whether any of them, or any combination of them, will is placed under rigid limitations by a constitution; but
feel justified in going to war to undo what has been inasmuch as the military arm has always been the right
done. It is but little likely that Russia, in order to pre. arm of despotism, it follows that a civil power intrusted
vent the protectorate, will abandon her claim on Batoum. with a large army becomes a strong power, unless (what
All things considered, the presumption is that the treaty he could not mean) it is debarred from using it. Hence
will go into effect, that, within a brief period, Asiatic General Sherman seems to make the contradictory
Turkey will be, to all intents and purposes, under remark that in a republic, where the civil power is
British rule, and that measures will be taken to connect weak, it should be made strong;—where the hand
England and India by another great highway—the val¬ of power is light, the governmental machinery simple,
ley of the Euphrates and the Persian Gulf. The treaty and the repression exercised small, so that the govern¬
thus clearly points the way to another triumph of civil¬ ment has not strength to make itself heavily and
ization. The distance between England and India by quickly felt, in any emergency when popular support
the Euphrates Valley and the Persian Gulf will be at turns away from it—its weakness should be made good
least two thousand miles shorter than that by way of by giving it a large military reserve to call into use
Suez and the Red Sea. The opening up of such a line when needed. Now, it is of not so much consequence
were
'
prevails with Congress as it is whether
it is adopted as a principle in the country. That “ the
GEN. SHERMAN'S PLAN FOR MAKING A DEM¬ military should co-operate with the civil authority in de¬
OCRATIC GOVERNMENT STRONG.
fined statutory and constitutional limits rather than by
A Washington dispatch* says that General Sherman forms of usage or precedent,” is a generality which sounds
has prepared a paper embodying his views about the well, but the fact is that it is impossible to make those
of traffic will be
a
gain to the world.
whether this view
30
THE CHRONICLE.
limits definite
enough, or, in the next place, to make
them hold.
An army that cannot be used in
an emer¬
gency is impracticable, and somebody must be the
judge;
some discretion must be
allowed, and the “ defined stat¬
utory and constitutional limits” first become elastic and
next are
overridden.
This has been the
experience, and
according to an irresistible tendency, for you can no
more
give power to an executive or to a legislature
without giving the
temptation to find occasion for using
it than
it is
hammer in a child’s hands without
Note how carefully the constitu¬
tion has provided checks and
balances, and has
you can put a
setting him
to pound.
[Vol XXVII.
conceive to be the truth. In not a
few of them, however,
we discover fresh
evidence of what
may be called a
European characteristic—an
habitual inability
rightly to
understand American institutions and to
appreciate the
conditions of American life. In one of the
ablest and
most reliable of the London
weeklies, the Economist, of
date June 15, is an editorial on
this subject which is
open to the very objection we have
just made.
It states much that is
true, but it makes inferences
and suggests conclusions
which are altogether erro¬
neous.
After
giving
a
long
extract from
an
Ameri¬
guarded can paper—and any one can
the course of
publish a paper here who
suppressing “ insurrection” by federal has a few dollars to
lose—which
summarizes the creed
power.
The strong military reserve tends
of the
surely
to
Socialists,
and
which
is
full
of the most revolt¬
break these checks, to
suspend the habeas corpus and sub¬ ing
blasphemies, the writer says: “The danger in
stitute the tinkle of a little bell for
processes of law.
that
series of blasphemies does not lie
in the fact that
do not argue in favor of the
they are blasphemous (for their utterance in a form like
against the little bell ; for the present this
only shocks Americans, who might be attracted
purpose, it is immaterial whether an absolute
by
the
revolt
of the
imperialism
party against economics), but in the
is not the best form of
government. It would be well relation between the
to have general
blasphemies and the “modern
recognition of the fact that this govern¬ spirit,”
always
so
powerful in the Union. This “ modern
ment is only an
experiment, not yet concluded either in spirit,” which
regards religion as false and in the
respect to its form or to its usefulness ; whether it is
way
not of true
progress, “ appeals,” he tells us, “ to the whole
worth while to abandon it is
But observe that
habeas corpus or
we
always
fair question for proletariat, and threatens
institutions whose
strongest
question now. The point we defense, from the
foundation
of
the
make is that what General Sherman
republic, has been
favors is incom¬ the
religious
feeling
of
the
people.” He does not think
patible with the form of government we are now
keep¬ that Socialism, as described by its own
ing up. To have a large standing
leaders, is
army will tend to likely to attract a
majority of our people, or even a
destroy the constitutional structure, to obliterate State
minority
strong
enough to raise a rebellion against
boundaries, and to ultimately change the government
society.
He
does
see, however, “ some
into something else. The new
danger of
thing might be better, or the uprising in every
great
American
might not ; the point is, that if we are to
city of a for¬
change the midable sect, penetrated with a creed which makes its
present democracy we ought to do it
deliberately and members hostile to existing society, and
willing to
consciously, and not bring about a change in the system
appeal to insurrection wherever insurrection seems
while only intending to
to
enlarge its workings in order to afford a chance of success.” He
sees
cover a
reason, also, to
passing emergency.
fear that “ such a creed
may spread in the Southern
States, full as they are of uneducated white men who
labor under
SOCIALISM IN THE UNITED
oppressive conditions for very poor
STATES.
returns,
and of
discussion, but is
Events of
a
not the
negroes not satisfied
-with
their
position, very
compelled attention ignorant, and
to the fact that we have
very liable to be persuaded by white
among us certain organizations, teachers who
bring them utopian doctrines, which serve
known to be in affiliation with those
which
recent occurrence
have
European societies
are
composed for the most part of
workingmen,
and profess Socialistic or
Communistic principles. With
the doings of the
Pittsburg mob yet fresh in their
memories, it is not wonderful that some of our
people
should contemplate with alarm the
existence of such
associations.
Quite recently this feeling of
anxiety
found expression in an elaborate
paper read at a synod¬
ical
meeting of the Reformed Church—one of our
oldest and most influential church
organizations.
paper, which has obtained great
This
as a
substitute for
a
creed.”
According to this writer
strength of the Communisms that “ it is not
beyond their power to possess themselves
by legal
voting of some one particular State, in which event
they would, under the Constitution, hold a sort of
such is the
entrenched
position;” and in such an entrenched posi¬
led to believe they would
prove a source of
incalculable mischief to the nation at
large.
Such are the views
presented by a London journal,
tion,
we are
which is conservative in its
tendencies and represents
the sentiments of the more
solid elements of
Eng¬
lish society. It is
hardly necessary for us to say that
we must
protest against the conclusions to which it
very plainly points. We do not
publicity through the
daily press, claimed that the Socialists are numerous
and widely scattered
throughout the different States;
that they have
recognized leaders and propagandists;
that they own a number of
deny that there are
newspapers; that their Socialistic,
Communistic, or, as they are sometimes.called,
sentiments and principles
are in nothing different from
International
working-men’s societies in the midst of us.
those of the Socialists of
Europe; that they annually We do not
deny that the creed proposed by the mem¬
honor the
rising of the Paris Commune, &c. This bers of some
of these associations
is, in its tendency,
paper, we believe, states fairly
enough
the opinions, subversive of law and
aims and ends of the American
order, and destructive of society.
Communists;
but,
unless
But we do deny that such
we greatly
associations, although more
mistake, it grievously exaggerates their num¬ or less marked
ber and importance.
by the same common features, are all
It is not wonderful that when
alarm is thus
free expression
finding
here, the general subject should
united in tl*eir
purpose and their aim; and we further
deny that, even if united and acting under a common
be impulse,
they would have strength enough to accomplish
attention of the British
press.
Of most of any appreciable amount of harm in
the articles which have come
under our notice, it must
jrln truth Communism has never
be said that
o^ained any foothold
they are written in a spirit of great
in this country, nor indeed is
fairness,
and evidently with a desire to
there4ny likelihood that it
represent what the writers ever will. Its doctrines are
not in
engaging the
thcommunity,
harmony with, but
July 13,
31
THE CHRONICLE.
1878. j
road traffic in
June, and the grain-carrying roads were
still bringing forward what remained back of the crops
of 1877, although there was a sharp falling off from the
enormous traffic of previous months.
The Grand Trunk
of Canada—as a specimen of trunk lines-—lost $29,048;
few and where the affairs of the government are con¬ and Lake Shore, as we know by the recent semi-annual
ducted by a privileged class.
On the contrary, edu¬ statement, lost $250,000 in net earnings between April 1
cation is free and universal; there is no authority and June 30.
The reports for six months of the current year
different from or superior to the will of the people;
there is no law which hinders the industrious citizen having now been received, it is possible to compare
from sharing in the ownership of the soil; and to the earnings of the half year with the corresponding
every native-born American the road is open to the period in 1877, and observe the great contrast between
highest honors, as well as to the highest offices, of the the earnings of Western railroads following a year of
Such differences a3 these are of the greatest plenty and those following a year of poor crops.
As
land.
importance in estimating the chances of such a move¬ specimens of the extraordinary difference in the two
ment and are not to be offset by bands of noisy years, the earnings of the following three roads are
advocates which are found among us. Europeans are too sufficiently striking: Chicago Milwaukee & St. Paul six
months in 1878, $4,257,000; same time 1877, $2,958,152;
apt to think that loud talking and bold writing in this
country indicate force and strength. Almost anywhere Burlington Cedar Rapids & Northern, 1878, $793,531;
else such a conclusion might be safe from such premises, 1877, $428,649; Southern Minnesota, five months in 1878,
The true situation
but among us, where the tongue is always allowed to $320,359; same time 1877, $172,072.
of railroads dependent upon a single class of traffic has
swing freely, the smaller the crowd usually the braver
seldom been so remarkably shown up as during last year
the boast.
We have not yet mentioned, however, the principal and the present. The facts presented should not be
without a lesson to the roads concerned; and any
reason which makes the spread of Communistic doc¬
trines impossible among our people. We refer to the unreasonable expansion based upon the large earnings
fact that in this country, as distinguished from almost of a single year can hardly be justified.
GROSS EARNINGS IN JUNE.
every country in the world, the citizen, for the most
1877.
1878.
Inc.
Dec.
part, is a property owner. This remark does not include Atchison Topeka & Santa Fe. $251,000
$65,269
$185,731
$
69.357
101,015
31,658
the educated classes alone, but all others; for outside of Burl. Cedar Rapids & Northern
Cairo & St. Louis*
13,539
15,993
2,454
Central Pacific
24,232
1,484,232
1,460,000
our larger cities there is scarcely any efficient artisan or
358,932
349,502
9,480
Chicago & Alton
538,223
47,777
636,000
Milwaukee & St. P....
day-laborer but owns the house he lives in, and more of Chicago
Clev. Mt. Ver. & Del.*
19,969
24,027
4,058
57,502
31,933
them than one imagines hold mortgages in moderate Denver & Rio Graude
89,435
643,734
Grand Trank of Canadat
614,636
29,043
Great Western of Canada}:
sums for money loaned.
294,702
5,318
300,020
We have had occasion to come Illinois
Central (main line)....
386.905
20,034
406,939
in contact largely with these people and have been even
do
95,257
115,020
19,763
(Iowa leased lines).
84,068
85,090
1,022
Indianapolis Bl. & Western...
475
International & Gt. Northern*
50,350
49,375
surprised to find the extent to which these facts are Kansas
Pacific
253,652
30,123
223,523
true.
A property holder has, of course, a direct personal Missouri Kansas & Texas
207,514
258,123
50,609
Pad. & Elizabethtown*
1,708
16,109
14,392
interest in the Government and in the preservation of Pad & Memphis*
10,263
8,231
2,(32
St. L uis Alt. & T.H. (br’chs).
38,518
35,079
3,463
order. He is no stranger, no wayfarer, no tramp with St. Louis Iron Mt. & Smith’n
253,600
274,164
20,554
St. Louis Kansa- C. & No th..
33,877
205,733
171,856
everything to gain and nothing to lose by revolution. St. Louis & S. E —St. L. div.*
32,521
35,599
3,a/8
flo
Ken. div.*
18,128
21,571
3,443
On the contrary, to him revolution would be ruin as
do
Tenn. div*
7,731
9,424
1,633
Toledo Peoria & Warsaw
3.123
76,887
80,010
effectually as to the larger capitalist.
Wabash
353.847
31,040
322,801
For these reasons, labor organizations among us are
Total
$5,913,105 $5,847,344
$271,527
$205,765
Net increase
65,762
far from being bands of Communists.
They are largely
Three weeks only of June in each year,
made up of as true citizens as any class affords, and, by
t For the four weeks ended June 29.
% For the four weeks ended June 23.
self-interest, absolutely opposed to every species of mob
EARNINGS FROM JANUARY 1 TO JUNE 30.
law. Elections carried by what is called the labor party
1877.
Inc.
Dec.
1878.
are not in the least to be feared on any such ground.
Atchison Topeka & Santa Fe.. $1,498,383
$461,712
8
$1,036,671
793,531
423,619
354,382
And the South is fully as safe as the North in this Burlingt’n C. Rap.& Northern
119,750
Cairo & St. Louis*
21,014
98,736
Central Pacific.
7,833,363
44,658
7,3j8.705
respect, if not safer. In fact, that section of our country Chicago & Alton
2,031,742
37,801
1,993,9U
2,958,152
4,257,000
1,298,843
has passed through its trial and proved its strength. We Chicago Mil. & St. Paul
Clev. Mt. Ver. & Del. & brchs*
173,491
2,691
17.',800
306 137
130,568
436,705
do not deny that bodies of tramps might cause disturb¬ Denver & Rio Grande
Grand Trunkt
4,326,907
23,270
4,350,177
Great Western}:
206,768
2,201,600
1,994,832
ance in some country districts, or that a city riot may
Illinois Cent, (main line)
2,174,750
276,921
2,451,671
599.373
do
74«,766
149,893
(la. leased lines).
again secure a temporary ascendancy. These conditions
614,307
34,911
57^,395
Indianap. Bloom. & Western..
are possible in all countries;
& Gt. Northern*
635,707
77,419
558,298
but past experience has Internationa
Kansas Pacific
1,435,975
1,346,045
89,930
Missouri Kansas & Texas
1,255,760
1,430,933
175,173
shown, and the elements which make up our society Paducah
81X30
& Memphis*
14,401
96,331
223,263
15,228
238,491
prove, that they will be more infrequent and short-lived St. Louis Alt. & T. H. (br’chs).
St. Louis Iron Mt. & South’n
1,868X68
1,932,141
64,073
here than anywhere.
98,874
St. LouL Kansas C. & North..
1,510.096
1,411,222
antagonistic to, the interests of the American people.
They depend for their reception on conditions which do
not exist among us. There are here no social and polit¬
ical wrongs sanctioned and sustained by law, as in some
of the old monarchies, where property is vested in a
•
•
•
•
•
...
•
•
•
.
.
•
.
.
» •
t
"
•
..
*
GROSS
.
•
•
•
•
•
-
•
•
•
•
«
•
•
•
*
•
•
«
«
.
..
,
■-
RAILROAD EARNINGS
IN JUNE AND FROM
JANUARY 1 TO JUNE 30.
For the month of June it appears
that the aggregate
earnings of the railroads included in the table below
were not widely different from the total
earnings of the
same month in 1877.
A majority of the lines show an
increase in gross earnings, but several of the prominent
roads show a decrease of more or less importance.
There were no essentially new influences affecting rail¬
265,162
135,329
66,152
20 407
493,503
2,059,070
114,519
150,549
$37,778,779 $34,669,240
$3,502,938
3,109,539
St. Louis & S. E.—St. L. div.1*
do
Ken. div..*
do
Tinn.div.*
Toledo Peoria & Warsaw
Wabash
Total
Net increase;.....'
-275,200
155,736
78.421
613.042
2,209,619
* Three weeks
only of June in
t From January 1 to June 29.
each
10.038
•
••••••
•
•
.
•
•
•
12,269
$593,399'
year.
I From January 1 to June 23.
The earnings of the Springfield Division of the Illinois Central Railroad
are not included in the figures' given in the tables above.
They were $14,151
in June 1878, and $83,371 from January 1 to June 30, 1878.
Earnings of the Dabuque & Sioux City Riilroad during June, and for the
included in
and $53,743
1877; January 1 to Jane 30, $486,250 in 1878 and $364,752 in 1877.
six months ending June 30, were as follow*; these figures are
those of the Iowa leased lines given above: June. $75,373 In 1878
in
32
Tlie
THE
CHRONICLE.
[Vol. XXVII.
following companies have bat recently reported their
earnings for May.
GROSS EARNINGS IN MAT.
1878.
1877.
Atlantic Mississippi & Ohio...
Burl. & Missouri Riv. in Neb.
Cairo & St. Louis
Central of Iowa
$125,203
Chicago Burlington & Quincy.
Clev.
1,275,516
30,383
Mt. Ver. & Del. & brchs
Dakota Southern.
Gal. Har. & San Antonio
Louisville & Nashville
Mobile & Ohio
Nashville Chatt. & St. Louis..
Paducah & Elizabethtown
Paducah & Memphis
Philadelphia & Reading
Philadelphia & Erie
St. Paul & Sioux
City
Sioux City & St. Paul
Southern Minnesota
Worthington & Sioux Falls...
Total
56,430
23,333
45,355
917,447
36.327
16,317
19,039
88,254
393,000
104,231
124,837
24,970
19,336
1,286,015
Chicago Burlington & Quincy.
Clev.
Mt.Ve'\& Del.& brchs...
Dakota Southern
Gal. Har. & San Antonio...
.
Louisville & Nashville
Mobile & Ohio
Nashville Chatt. & St. Louis.
Paducah & Memphis
1878.
443,975
2,099,713
370,331
2,044,109
737,900
693,555
73,699
5,193,975
846,093
730,140
86,068
Sioux City & St. Paul
Southern Minnesota
Worthington & Sioux Falls
Net increase
149,464
65,724
86,344
1,042,628
233,379
149,810
320,359
36,757
Total
4,514,313
150 831
4,171,768
...
344,672
103,757
85,197
5,520,700
Philadelphia & Reading
Philadelphia & Erie
St. Paul <te Sioux City
1877.
$623,109
•
-
$601,802
468,172
31.
$13,607
299,819
1,006,387
20,620
73,644
55,604
109,193
1,022,207
96,531
$1,934,936
$1,137,293
797,633
EARNINGS, EXPENSES AND NET EARNINGS.
The statement below gives the
gross earnings, operating expenses and net
earnings for the month of May, and from
January 1 to May 31, of all the
roads that will furnish statements for
publication:
Atlantic
Mississippi & Ohio-
Gross earnings
Expenses
Net earnings
Burl. Cedar Rapids & North.—
Gross earnings
Operating exp’ses and taxes.
1877?
1878.
$123,614
92,715
$641,716
481,545
$628,109
471,187
$11,752
$30,899
$160,171
$156,922
$133,490
$359,292
282,925
$40,530
$12,679
$216,832
$76,367
earnings
Expenses
$145,754
46,837
$56,430
44,162
$644,491
236,024
$344,672
Net earnings
$98,917
$12,238
$408,467
$181,342
$1,275,516
635,375
$917,447
556,615
$5,520,700
3,117,938
$4,514,313
$640,141
$360,832
$2,402,762
$1,785,569
$30,388
$30,327
$150,831
121,118
$149,464
Gross
Chicago Burlington & Quincy—
Gross
earnings
Expenses....
Net
earnings
Clev.Mt. Ver.& Del.and Brchs—
Gross earnings
Operating expenses
26.998
Net earnings
Dakota Southern —
$3,390
Gross earnings....
Operating expenses
Net earnings
Denver & Rio Grande
Gross earnings
$19,039
14,401
$4,633
$9,157
$16,347
$29,713
$86,344
44,138
$
$87,006
49,559
Net earnings
Kansas Pacific.—
$37,447
Gross
earnings
Expenses
$283,832
202,557
Net earnings
Louisville & Nashville—
Gross earnings
$81,275
txpenses
Net earnings
Missouri Kansas & Texas—
Gross earnings
Oper. expenses and renewals
Net earnings
Nashville Chatt. & St. Louis—
Gross earnings
Oper. expenses, incl. taxes...
Net earnings.
Paducah & Memphis—
Gross earnings
Operating expenses
$68,053
82,322
$35,731
$246,552
151,528
$95,024
$42,206
$347,270
218,815
$128,455
$1,212,452
853,822
$358,630
$696,904
$1,048,246
895,953
———
$20,767
$81,691
$152,238
$124,837
$123,647
$730,140
92.694
81,494
471,034
$32,143
$17,153
$259,106
$19,336
13,459
$16,424
10,470
$86,063
64,655
expenses
203,674
$1,042,628
expenses
189,412
761,550
$34,350
$71,159
$281,078
$270,330
$289,687
$1,614,468
195,675
194,411
1,020,542
$74,655
$95,276
$593,926
$45,844
$44,418
$239,424
37,454
!
$442,161
$749,561
$260,591
earnings
St. L.&Southeast.- St.L.Div.—
Gross earnings
$1,092,393
650,232
$119,251
$238,024
Net
$113,504
$135,392
$21,413
Net earnings
St. Louis Iron Mt. & South.—
Gross earnings
Operate and general expenses
135,131
1,350,152
149,616
$8,390
40,947
$3,471
191,574
$47,850
.
$26,135
$5,692
$93,302
$31,867
$33,215
$18,108
$149,810
106,958
$92,078
82,486
19,144
$9,011
def $1,036
$42,852
$9,592
$81,769
$36,239
$320,359
$172,072
37,678
def
134 818
133,527
$185,541
$393,191
318,482
$357,489
275,410
$1,*86,818
1,393,128
$1,705,223
1,369,643
$74,709
$82,079
$4:8,690
$335,575
$38,515
but recently come to hand:
1877.
$335,999
202,739
r-Jan. 1 to
1878.
$339,335
197,722
$1,294,556
770,812
$1,361,494
853,091
$133,260
$141,633
$523,744
$508,403
$103,922
$97,238
7.,333
$365,975
$337,399
,
£145,272
109,643
£152,053
April 30.
1877.
273,711
'*
244,873
$92,264
$92,523
109,131
£503,340
477,651
£582,7G6
472,567
£35,624
£42,922
£130,659
£110,199
$305,900
$334,000
263,300
265,300
$37,600
$68,700
$79,492
$79,862
_
Expenses
73.5)2
Net earnings
oa
$
$
$
.425,772
$130,399
bridge and for steel
ptmuetaru! ©nmmctxiaX
$503,822
295,833
$5,643
accouut of
$
$427,232
74,219
$5,9)0
t Estimated.
$6,461
$167,298
135,431
$25,905
«
Extra expense was incurred
51,960
$18,837
$37,827
$33,5:2
.
.
Net earnings
Gt. Northern
Gross earnings
$78,050
rails,
nrjlisTt Witxos
tUTE9OF EXCHANGE AT
LONDON AND ON LONDON
AT LATEST DATES.'
ifiXCHANGE AT LONDON—
JUNE 28.
TIMS.
Paris
Paris
Berlin
EXCHANGE ON LONDON.
short.
II
25.10
20.56
20.56
20.56
25.35
(l
t*
....
Antwerp
41
-
Amsterdam..
Amsterdam.
Vienna
Genoa.
.
..
short.
3 months.
it
44
Petersburg.
44
44
90 days.
....
Pernambuco...
Valparaiso...
.
Bom Day
Calcutta
Hong Kong...
Alexandria....
•
$25.20
©25.35
©20.60
©20.60
©20.60
©25.40
12.01*@12.02*
12.03%@l2.0l*
11.90
44
.
Madrid
Cadiz
Lisbon
New York
RATE.
3 months. 25.80
Hamburg
Frankfort
St.
$248,635
$2,044,109
1.317,205
$5,954
Net earnings
$
$2,099,713
$5,377
Operating
$65,724
$384,942
265,691
$231,307
expenses
Rio de Janeiio.
Net earnings
Philadelphia & Erie—
Gross earnings
Operating
$29,675
+$393,000
257,608
$206,757
185,990
—
ON—
119,789
$1,230
73,340
.
49,979
$218,379
145,077
2,728,744
—
Expenses
Operating
27,170
163,339
expenses
Net earnings
Great Western of Canada—
Gross earnings
*
$71,605
93,910
.
International
$125,238
*113,456
$692,516
475,684
Net earnings
g
1877.
$58,421
April.
expenses
Expenses
Operating
$63,816
11,465
1878.
Net earnings
Grand Trunk of Canada—
Gross earnings
May 31.—*
58,926
Burl.& Mo. Riv. in Nebraska-
*
,—Jan. 1 to
1878.
$12,695
,
Net earnings
Grand Rapids & Indiana—
Gross earnings
Operating
$17,890
$1,339
following April figures have
Operating
12,369
$9,909
$51,985
Chicago & Alton—
Gross earnings
36,585
$22,052
29,784
Net earnings
The
$97
24,204
earnings
Expenses
1,367
$17,294,969 $16,497,331
expenses
•-ross
....
$3,300
31,996
Expenses
18,560
.....
$117,200
107,291
32,135
expenses
Gross earnings
$
112,049
$58,131
Net earnings
Wabash—
Increase. Decrease.
$134,101
$7,755
Gross earnings.
$133,630
$22,697
22,600
10,135
Net earnings
Southern Minnesota—
8,495
71,081
expenses
Net earnings
Sioux City & St. Paul—
Operating
45.480
57,732
148,287
29,641
May.
Operating
*
25,672
....
Net earnings
St. Paul & Sioux
Ciiy—
Gross earnings
101,314
22,567
20,304
15,107
172,072
7,116
GROSS
Operating
3,910
768
1,134,159
167,298
92,018
5,939
•
2,912
18,108
$641,716
644,491
•
8,830
GROSS EARNINGS FRO*
JANUARY 1 TO MAY
Atlantic Misslssirpi & Ohio...
Burl. & Missouri Riv. in Neb,
Cairo & St. Louis
»
2,692
21,776
8,058
36,289
1,524
$3,676,615
•
•
260,591
37.327
10,019
.....
t—Jan. 1 toMav 31.-x
1878.
1877.
■>
1877.
$28,972
expenses
Net earnings
St. L.& Sonth’st.—Tenn.Div.—
Gross earnings
17,437
1,337,329
238,021
58,131
33,215
81,769
Gross earnings
358,069
May.—
1878.
Southeast.—Ky.Div.—
Operating
936
66,478
334,942
95,401
128,647
24,202
16,424
$4,144,787
Net increase
Increase. Decrease.
$1,594
$
89,324
$123,614
145,754
24,239
62,812
St. L. &
@11.95
27.52* @27.57*
24*©24 5-16
47* @47*
47* @48
51*@52
•
•
•
•
•
•
•
•
...»
60 days.
44
•
•
•
«
•
•
•
•
TIMS.
June 28.
short.
25.12
June
June
June
June
June
short.
3 mos.
short.
20.35
20.35
20.35
•
•
•
28.
28.
28.
28.
23.
44
•
June
June
June
June
•
28.
28.
24.
17.
•
•
•
•
•
•
•
«
•
12.10
•
•
3 mos.
short.
3 mos.
»«
•
Is. 8 3—16c?.
Is. 8 *3—16c?.
LFrom
our own
May
June
June
June
June
•
44
<<
•
•
•
27.20
24*
•
6 mos.
41
•
116.20
48.30
u
1.
27.
27.
26.
26.
RATE.
25.17*
44
June 28. 60 days.
May 24. 90 days.
44
May 18.
•
-
LATEST
DATE.
4.66
23.
22*.
40*
Is. 8 9-16d.
Is. 8
8s. 10*
97*
correspondent.]
London, Saturday, June 29. 1878.
On Thursday, the directors of the Bank of
$1,173,310
England, without
760,084
much hesitation, advanced their
published rate for money from
$412,726
to 3 per cent.
The movement was by no means
unexpected,
as
it
had
loBt
$693,555
during the week nearly one million sterling in gold;
420,105 but the
directors would probably have
delayed making an
$273,450
alteration, had they not recently decided upon discounting the
$73,699 bills of those customers who keep their account
solely with them
56,638 under
their recognized quotation, if the bills are
approved and
$17,061
the state of the discount market
justifies euch a course. The
just taken place in the Bank rate is due, not
■813,703 to
any improvement in trade, but to a demand ior gold,
arising
$320,456 out of the recent active
speculation in foreign stocks on tbe
$1,657,977 London Stock Exchange and the Paris Bourse.
During tbe
965,745 period embraced in the last
Bank return, the Bank lost, on
$692,232 account of the export demand, a
sum of £924,000; but on the
other
hand,
a
large
amount
in
$232,641
sovereigns was received from the
181.894
provinces, Scotland and Ireland, so that the decrease in the
$50,747 supply of bullion, according to the weekly statement, is not more
$1,139,159
advance which has
July 13,
THE
1878.1
probably
market is not likely at
to derive any permanent support from an improved trade,
than £479,731.
The demand for gold
be only temporary, and as the money
present
there
are some
for export will
the new rate being
maintained.
for thinking that the
commercial
who disbelieve in
There are, however, reasons
33
CHRONICLE,
position will improve. The peace of Europe seems assured
Money is cheap, the harvests of Europe promise to be bountiful,
and our manufactures are obtainable at low prices. All these
facts are conducive to renewed prosperity, and the commercial
interests live in the hope that from henceforth our mercantile posi¬
tion will improve. The weather in England is remarkably
brilliant, and from Paris, Berlin and the leading capitals of
Europe the report is that the heat is great and that the crops
are making rapid progress toward maturity.
The saving to this
country, in connection with our purchases of cereal food, will be
considerable, compared with last year, for although we shall
require a large supply, the difference of price will be an impor¬
tant relief to the country and to the money market.
The
purchasing power of Europe will certainly be very largely aug¬
mented, and as the price of goods is low, a stimulus should be
given to the sale of manufactured goods.
The trade den: and for money during the week has been only
mo lerate, but owing to the approaching close of the half-year,
money has been temporarily in request.
There has not, however,
been any extraordinary activity in this respect, and the open
market has in consequence been working, during the last two
days, under the “ declared” rate of the Bank of England. The
actual value of the best three months’ bills is about 2f per cent,
from which point there is a tendency to decline.
The late rise
has been caused entirely by the demand for gold for export to
Paris to psy fcr foreign stocks, and should that demand cease, a
return of ease in the money market is almost certain to follow.
In making this remark, however, it is necessary to add that only
the immediate future is referred to, as events change quickly,
and the probability is that when the Treaty of Berlin has been
Bigned, and has been found to meet the requirements of the time,
there will be considerable activity in financial circles, and especi¬
ally in the department for foreign loans. I need scarcely say that
Russia must come for financial assistance at a very early date,
and it is reported that foreign loans will soon be numerous.
To
what extent they will be successful it is impossible at present to
say, and thereforej the future of the money market must be
involved in some uncertainty.
But any demand in connection
with foreign loans will be counterbalanced by a large saving in
connection with our payments for grain, so that the future is
somewhat difficult to define.
Again, it does not necessarily
follow that improved trade will raise the value of money. On
the contrary, an opposite effect may be produced, as there are
large supplies of manufactured goods to dispose of, and the pro¬
cess of converting them into cash would relieve our manufacturers
probably of some heavy obligations to their bankers. There is,
nevertheless, reason to believe that the supply of mercantile
paper is not so small as it was, and the fact is worthy of record,
very
gold market has already been referred to. As
regards silver, the market has been very dull, and prices have
further declined.
The Government of India have announced that
their future weekly sale of bills will not, until farther notice^
exceed £300,000; but the market for silver has recently been
somewhat firmer. The demand for the means of remittance to
the East has, however, been very limited, and only Is. 8 3-16d.
the rupee was obtained at Wednesday’s sale of Council bills.
The steamer for the East has taken out £100,000 in silver and a
similar amount in dollars, but the West Indian steamer has just
arrived with a considerable supply, and all tendency to firmness
seems to-day to have been lost.
The following prices of bullion
are from the circular of Messrs. Pixley & Abell:
The stafe of the
German
d.
8.
GOLD.
(1.
8.
standard. 77 9*4© ....
standard. 78 0 © ....
per oz., nominal. 74 6 ©74 9
per oz. 73 9 © ....
per oz. 76 4%© ....
per oz. 76 3%© ....
per oz.
per oz.
Gold, fine
-.
Bar Gold, reflnable
Spanish Doubloons
South American Doubloons
United States Gold Coin
Bar
gold coin
d.
d.
silver.
52% © ....
53% © . -..
5 grs. Gold
per oz. 52%
© ....
Five Franc Pieces
peroz.
...
© ....
Quicksilver. £6 18s. 9d ©£7 0s. Od. Discount. 3 per cent.
Annexed are the current rates of discount at the principal
per oz. standard, nearest.
per oz. standard, nearest.
Bar Silver, fine
Bar Silver, con’ng
Mexican Dollars
foreign markets
Bank
Open
|
1
-
’
mark’t.
•
p. c.
11
p. c.
| Vienna and Trieste...
2
..2
1 Madrid,Cadiz and Bar3% 3%
rate,
Pans
Amsterdam
.
..
Berlin
.
Hamburg
..
Frankfort
..
Leipzig
..
4
4
4
4
..5
..3
Genoa
Geneva
| celona
3%
3%©3% 1 Lisbon and Oporto....
3%@3% | St. Petersburg
3%
4%
3
New York..
| Calcutta
Copenhagen
Bank Open
rate, mark’t.
p. c.
p. c.
4% 4%'©4%
6
6
6
....
6©7
6©7
4 Vi ©5
3%©4%
4
....
4%©5 4%@5
Brussels
The
following are the stocks of
bullion held at the present time
by the leading banks abroad: Bank of France, £85,884,000; Im¬
perial Bank of Germany, £20,162,000; Austrian National
£13,745,000; Netherlands. Bank, £9,569,000; National Bank of
Belgium, £3,460,000; and New York Associated Banks, £3,014,000. The securities held by these establishments are: Bank of
France, £26,129,000; Imperial Bank of Germany, £18,957,000;
Austrian National Bank, £11,077,000; Netherlands Bank, £8,972,000 ; National Bank of Belgium, £10,875,000.
The imports of gold into the United Kingdom in 28 days of
June were, according to the Gazette returns, £1,273,522, and the
Bank,
exports £1,185,627. The latter amount does not include the whole
of the supply sent away during the current week. The imports
of silver were £528,735 and the exports £840,578.
Annexed is a list of new loans and new companies introduced
June. London Meat Importation and Stor¬
age, limited, capital £100,000; Swedish 4 per cent loan, for
£1,000,000, price of issue 88 ; Southampton Tramways, capital
£50,000; Dutch 4 per cent loan for £3,500,000, price of issue 98$;
Kilburn House Land Investment Company, capital £50,000;
Queensland Investment and Land Mortgage Company, £1,000,000;
Alabama Great Southern Railroad Company, issue of £163,000 in
6 per cent bonds, at 90; Natal Government 4$ per cent bonds for
as it is an innovation to be desired.
The present quotations for £400,000; Porto Rico 6 per cent Treasury bonds for £1,000,000;
Furness Railway, issue of £350,000 in 4$ per cent preference
money are as follows:
Per cent. ] Open-market rates:
Percent. shares; Great Northern Railway 4 per cent preference stock for
2%©-2% £1,400,000 ; West Lancashire Railway, issue of £150,000 in 5 per
Bank rate
3 | 4 months’bank bills
cent preference shares; India Co-operative Agency, £20,000;
Open-market rates:
| 6 months’ bank bills
2%®3
30 and COdays’ bills
2%©2% j 4 and 6 months’ trade bills. 3 @3% Medium for Sales and Exchange, £15,000; William Slack & Son,
8 months’bills
2%©2% j
£60,000; and Fiunve Tramway Company, capital £30,000.
The rates of interest allowed by the joint-stock banks and
The Clearing-House returns for four weeks in June give a
total
of £391,447.000, against £378,794,000 last year, showing an
discount houses for deposits are subjoined :
per ct,
2
Joint-stocK banks
Discount houses at call
Discount houses with 7 days’ notice
Discount houses with 14 days’ notice
Annexed is
a
2
2%
*.
statement showing
2%
the present position of the
England, the Bank rate of discount, the price of Consols,
quotation for English wheat, the price of Middling
Upland cotton, of No. 40’s Mule twist, fair second quality, and
the Bankers’ Clearing House return, compared with the four
previous years:
1877.
1878.
Bank of
the average
1S74.
Circulation, excluding
£
bank post bills
27,081,910
Public deposits
9,705,890
Other deposits
20,158,029
Government securities. 13,601,093
Other securities
22,548,779
Reserve of notes and
coin
11,839,686
Coin and bullion in
both departments ... 23,929,601
Proportion cf reserve
to liabilities
Bank-rate
2% p. c.
Consols
x92%
60s. 4d.
English wheat,av. price
Mia. Upland cotton...
8%d.
No. 40’s mule twist,fair
Is. 0%d.
2d quality
1875.
£
1876.
£
27,936,215
9,720,890
25,262,940
13,749,629
25,463,537
27,661,255
13,762,901
17,298,157
26,696,116
29,959,412
3% p. c.
x94%
2 p. c.
x94
48s. 4d.
6 3-lt‘d.
42s. lid.
7%d.
9,069,793
22,072,398
14,611,952
17,122,865
ll%d.
lid.
Clearing House return. 134,436,000 107,254,000
73,431,000
during the month of
increase of £12,653,000.
A sign of the times is
that new companies are becoming more
several having been introduced to public notice this
week.
The probability is that some may be brought forward in
haste, as promoters may think that those to come first will be first
numerous,
served.
If I
am
not very
much mistaken, I think the public
will
cautious wiih regard both to new foreign loans and to
new public companies.
On the Stock Exchange, business has been decidedly quieter,
Fine weather and
but, on the whole, the tone has been good.
cheap money, together with the favorable political news from
Berlin, cannot fail to afford support to the markets; but the late
£
£
27.994,045 27,833,348 rise in prices has been so important, and so considerable, that
8,760,469
7,940,265 speculators have been diffident about following the movement.
20,957,739 21,953,200 For American Government and railway securities there has been
15,214,859 16,207,691
a fair demand, and the tendency has been favorable.
18,510,050 20,711,781
The St. Petersburg Wedomosti says that the harvest prospects
13,832,353 10,858,129 in Russia have much deteriorated.
A failure of the crops is
feared in the eastern, south-eastern, and part of the central prov¬
26,826,398 23,438,504
inces, should the deficiency of rain hitherto experienced con¬
36-01
tinue a few days longer.
On the other hand, reports from the
3 p. c.
3 p. c.
Moscow district say that an unusually rich yield is promised by
94%
-95*
the meadows, orchards, cornfields, and woods in the whole of that
46s. 9d.
64s. Od.
be very
‘
6%d.
6 3-16d.
10%d.
81,800,000
9*d.
quarter
The Echo du Nord says that the revival of
with the mills of Roubaix and Tourcoing
trade in connection
is becoming more
34
THE
marked.
combers
CHRONICLE.
Everything
are
promises a favorable season.
The wool
working
day
and night on the raw
at the sales at
material obtained
Antwerp, Havre, and London. The wool
mills are not able to
spinning
keep pace with the
large supplies are being drawn from demand for yarns, and
Russia.
Verviers, Germany, and
The dyers are also
very busy. Meanwhile, cotton
ners cannot
spin¬
get remunerative prices,
Sperm oil.
Cambresis reports
Linseed
withstanding the
recent
Clary.
firmness
at
Lins'dc’keCobl).^
Linseed
good
position. Clover and
hay are in the
cutting. In the Seine valley
hay is already in stacks.
an
astonishing supply of feed of all kinds.
If the fine
There is
weather prevails,
crops will be excellent.”
The
following figures show the imports and
exports of cereal
produce into and from the United
Kingdom since harvest, viz.,
from the 1st of
September to the close of last
with the
compared
corresponding period in each of the week,
three
jears:
..cwt.
Barley
46,744,780
:....
Oats
Peas
1876-7.
1,452,265
Beans
Indian Corn
Flour.
....
Wheat
2,568,509
28,449.930
7,060,355
.CWl.
Barley
Oats
Peas
Beans
3,209,674
13,413 816
797,258
192,714
138,196
45,245
84,465
18,550
Flour
314,518
34, 52
26,627
season.
Without
supplies furnished
reckoning the
ex-granary at the commencement
of each
season, it is estimated that
the
following quantities of
flour have been
placed upon the British markets since wheat and
harvest
18T6-7.
Cwt.
Imports
of wheat
Imports of flour
Sales of home-grown
30,173,603
-
.
.83,918,735
1,486,347
71,791.379
779,973
Result
Aver, price of Eng. wheat for
..
.
52s. 8d.
cwt.
32,602,568
5,560,182
43,343,000
821,050
'243,566
80.956,353
81,262,184
45s. lOd.
London
sat.
Mon.
96 3-16
Consols for money.. 96 1-16
“
account.. 96 3-16
D.8.6S (5-208) 1867.
...107%
U. 8.10-40s
no*
5s of 1881
108%
New 4%s
106%
Tues.
Wed.
96 %
96 7-16
96 5-16
107%
110%
107%
107%
110%
109
106%
Liverpool Cotton Market.—See
107%
110%
109%
106%
109%
Fri.
96 3-16
96 3-16
96 3-16
96 3-16
98%
107%
110%
110%
109%
106%
109
106%
special report of cotton.
106%
Flour (extra Siate)
$bbl
Wheat (R. W.
44
spring).# ctl
(Red
winter)....
“
44
(Av. Cal. white).. 44
44
(C. White club)... 44
Corn (new W.
mix.) $ quar.
Peas (Canadian) $
Quarter.
Sat.
.
Mon.
d.
8.
8.
24 0
8 8
9 3
9 11
10 3
22 6
34 0
24
8
9
9
10
22
34
d
0
8
3
11
3
Tues.
6
0
Sat.
s. d.
Beef (prime mess)
# tc.
72
Pork (W’t.
mess)
$ bbl 48
Bacon (I’g cl. m.)
# cwt 27
0
6
6
3
0
...
Lard (American)
"
Cheese (Am. flne) ne\f&1
Mon.
35
46
_
(fine)
44
Petrolemn(reflned)....gal
(spirits)
R
Tallow(primeCity)..«p cwt.
SDirlts
turpentine
“
72
48
0
6
6
6
0
35
46
Sat.
d.
Mon.
s. d.
5
5
e.
10
'
Cloverseed (Amer. red)
d.
27
Liverpool Produce Market.—
Rosin (common)...
# cwt..
"
s.
37
23
40
0
0
10
9%
6%
6
6
0
37
28
40
0
0
Tues.
8. d.
72
48
27
35
45
Tues.
s.
5
10
9%
6#
6
6
0
0
6
6
6
0
37
23
40
d.
0
0
24
8
0
Thur.
Wed.
24 0
8 8
9 4
9 11
10 3
22 6
34 0
d.
8.
72
49
27
35
0
0
6
9
0
72
49
27
36
Wed.
8.
d.
5
0
0
10
37
23
40
5
10
9%
6%
6
6
0
37
23
40
0
6
9
6
0
4
0
9
Fr
3
0
d.
0
24
8
10
23
34
Tnar.
8.
d.
9
d.
0
0
6
45
s.
10
Thur.
8.
45
Fri.
d.
s.
9
9 11
10 3
22 6
34 0
9%
6%
6
6
d.
0
8
4
s.
24 0
8 8
9
4
9 11
10 3
22 6
34 0
Liverpool Provisions Market.—
'
Wed.
d.
8.
69
35
28
0
23
0 0
s.
8.
1.
72
49
27
36
45
0
0
6
3
0
Fri
d.
5
10
9%
6%
.
0
0
9%
6%
6
6
23
0
40
87
6
6
0
0 0
0 0
0 0
s.
Thur.
d.
10'0
49
0
23
69 0
6
35
0
28 10
0
0
0
FrL
£ s. d.
8 10 0
69
49
0
23
0
6
0
0
0
35
0
5
28
£ s. d.
8 10 0
49 0
69
23
0
35
23
6
0
0
0
0
5
Imports and Exports for
the Week.—The
imports last
showed an increase in
both dry goods and
merchandise.
The total
general
imports were $5,375,727,
13,977,512 the preceding week and
against
$5,892,128 two
vious.
weeks pre¬
The exports for the
week ended
July
9
amounted
to
$5,765,521, against $7,107,529 last week and
vious week. The
$5,851,520 the pre¬
following are the imports at New
week
1875.
York tor
for the week
*
1876.
8956,813
3,385,688
1,942,328
#4,342.501
Previously reported....' 183,115,525
$2,538,262
156,985,495
ending
1877.
$595,934
1878.
$1,002,553
4,406,100
$740,661
4,635,066
$5,408,653
171,185,387
$5,375,727
143.347,100
1..$187,458,026 $159,523,757
$176,594,040 $148,722,827
report of the dry goods trade will be
fouud the
of dry goods for one week
imports
later.
our
The following is a
statement of the
exports (exclusive of specie)
from the port of New York
to
foreign
ports for the week
July 9:
ending
'
EXPORTS FROM NEW YORK
FOR THE WEEK.
;
1875.
For the week
1873.
$6,190,155
Previously reported....
1877.
•
$3,984,025
126,965,103
121,751,996
$127,942,151 $130,949,128
will show the exports of
The following
New York for the week
133,945,535
$5,765,521
171,397,075
$133,963,430
$177,162,596
specie from the port of
6, 1878, and also a com¬
ending July
parison of the total’since Jan.
1, 1878, with the
totals for several
previous
July 4—Str. Gellert
Mex. silver dais..
Hamburg
Liverpool...,
Liverpool
Southampton
July 5—Str. City of Montreal
July 6—Str. Britannic
July 6—Str. Main
Total for the week
($132,020
8ame time In—
($3,654,466 silver,
silver# dols.
Amer. gold coin..
....Amer. silver bars.
Mex. silver dols..
Mex. silver dols..
and
I
'%
1876
1875
1874
1873
1872
10,000
1,000
12,000
81,679
13,341
$133,020
8,601,356
$5,079,910 gold)... $8,734,376
Same time in#21,084,265 | 1871
31,509,012 11870
55,105.034 I 1869.
31,677,701 | 1868
-
$15,000
Am.
silver, and $1,000 gold)
Previously reported ($3,522,416 silver,
and $5,073,910 gold)
1877....
corresponding
years:
London
.
Total since Jan. 1, 1878
1878.
$5,022,895
Since Jan. 1.......*
$49,403,898
20,925,833
16,450,180
55,425,178
31,213,658
31,829.235 11867
44,145.611 | 1866
49,363,138
The imports of
specie at this port during the same
periods have
been as follows :
July 1—Str. Hadji
r
$36,905
Foreign silver....
319
Amer. gold..
July 2—Str. Carondelet
July 5—Str. Crescent City..
23,583
11 597
Foreign silver....
Amer. gold
Foreign gold
...Amer. silver
.
Foreign giiver....
102,345
1,253
2,452
4,527
1,400
7,252
.
Silver bars
Gold dust
July 6—Str. Alps
7.000
2,973
Foreign silver....
Amer. gold........
Gold dust
Total for the week
($167,518
Previously reported ($8,462,828
silver, and $45,691 gold)
silver, and $4,461,609 gold)
Total since Jan. 1, 1878
Same time in1877
1876
1875
1874
1873
1872
•
Liverpool Breadstujfs Market.—
«
0 0
n n
in the Bank of
Thur.
96 3-16
0
23 6
43s. 7d.
Basllsh Market
Reports—Per Cable.
The daily
closing quotations in the markets of London
and Liver¬
pool for the past week have been
reported by cable, as showD in
the following
summary:
Money and Stock Market.—The bullion
England has increased ,£91,000
during the week.
ton .28
69
49
£
8
week
In
81,777,403 81.505,750
82,492,383 71,020,405
season
51s. Od.
:
1874-5.
cwt.
34,163,825 43,743,116
5,685,514
5,243,787
31,942,000 32,790,500
produce
Total
f
Exports of wheat and floor.
1875-6.
cwt.
46,744,780
7,060,355
o
0
0
Since Jan.
2,447
47,527
46.011
39,538
24,577
50,852
The weather has been
but also on the Continent.very brilliant, not only in this country,
The trade for
wheat, and in fact for
all kinds of
grain, has been very dull, and
prices have had a
strong downward tendency. In
France, it is estimated that the
crop will amount to 34,500,000
quarters.
During the week ended June 22, the sales of
in the 150
home-grown wheat
principal markets of
26,546 quarters, against 24,738 England and Wales amounted to
quarters last year; and it is
mated teat in the whole
esti¬
Kingdom
they were 106,500 quarters,
against 99,500 quarters. Since harvest
the deliveries in the
150
principal markets have been 1,740,768
quarters,
against 1,842,827
quarters, while in the whole
Kingdom it is computed that
have been 6,963,100
quarters, against 7,371,200 quarters inthey
the
corresponding period of last
1877-8.
oil’.*.!.*#
Drygoods
70,025
18,103
8,237
423,842
n
9*;
General merchandise...
5,560,182
22,868
22,050
18,958
213,539
Indian Corn
*»
d.
FOREIGN IMPORTS AT NEW
YORK FOR THE
WEEK.
32,602,563
11,647,316
7,796,409
1,535,626
2,420,246
21,587,732
5,243,787
731,435
23 6
0
6
0
Wed.
s.
8 10
ending (lor
1874-5.
43,743.116
7,435,996
9,292,597
1,247,998
EXPORTS.
1,411,720
23
Total for the week.
1875-6.
34,163,835
11,461,751
9,016,555
1.115,136
3,879,312
28.092,441
5,685,544
11,4325,501
0
Tues.
£
©tfmwjcrciat atxd |fc%isceXI*wc0tts
IMPORTS.
1877-8.
49
8 10 0
49 0
# tun. .69
whftiAnil
Mon.
£. s. d.
dry goods) July 4 and
(for general
merchandise) July 5:
previous
Wheat
Sat.
£ s. d.
tt. 8 10 0
(Cal.) $ quar.
Sugar (No.12 D’ch std)
on spot,
$ cwt
Solesmes, Caudry, and
The Par is Bourse
(a lately-established financial
in English) states
paper printed
that “ The fine
weather which has set in
week has
this
completely changed the position of the
French crops.
Apprehensions as to the
done by the continued rain have
subsided. From all partsdamage
of the country we
receive
news.
Corn stands
promising
well, and promises full
better than for years. In
grain. Colza looks
some
parts, cutting has
The hay harvest is in a
already begun.
course of
London Produce and Oil
Markets.—
yarns still being
weak, not¬
of the cotton
market. The
similar revival also
a
[Vol. XXVII.
.........
($8,630,346 silver,
$7,434,873
2,331,867
7,388.161
2,659,803
2,158,969
2,733.748
and
200
640
10,763
$213,209
12,927,437
$1,510,300 gold)...$13,140,646
Same time
1871
1870
1869
1868
1867
in—
$3,233,600
7,281,647
9.747,700
4.008,253
1,606,975
..s,'
—The Kansas
City Water-Works Loan was brought out this
week by Messrs.
Lawson & Co., Bankers, 92
Donnell,
It bears 7 per cent
Broadway.
interest in gold, has
twenty years to run, and
is represented as a
first-class investment. Messrs. D.
L. & Co.
offer the bonds at
par and accrued interest, and under the
present
high prices of all
good city bonds, they anticipate
a
rapid sale.
—On
Wednesday, July %4, an important auction sale of securi¬
ties will be held at the
order of Jas. D. Fish Exchange Salesroom, 111 Broadway, by
Esq , Receiver of the Teutonia
Bank. A description of the
Savings
bonds to be sold, with
Nos, dates,
&c., will be found in our
advertising columns.
—Messrs. Barbour, Swords &
Co., Bankers, 52 Wall street,
have sent us the
July number of their “Monthly Financial
Circular”, which gives particulars of the
securities called at
New York Stock
Exchange and prices of the same for June. the
—The Ontario
Mining Shares are gradually
advancing. The
company have just announced their
also
an
payable
extra
dividend—making
on the 15 th inst.
regular dividend for July, and
one per cent for the month—
„
July 13,
THE CHRONICLE.
1878,]
Coupon bonds dated July 1, 1865, namely: $50, Nos. 62,001 to 65,000,
both inclusive; $100, Nos. 106,001 to 110,000, both inclusive; $500, Nos.
74,001 to 76,200, both inclusive; $1,000, Nos. 135,001 to 140,000, both
inclusive. Total coupon bonds, $2,500,000.
Registered bonds, redeemable at the pleasure of the Uuited States
*£\xt |pankers' (Samite,
NATioNAiTBANKS
The United States
35
ORGANIZED.
Comptroller of the Currency furnishes the
following statement of National Banks organized the past week
:
2,393—Greene County National Bank, Carrolton, Illinois.
Authorized capi¬
tal, $100,000; paid-in capital, $ 100,030. J. G. Thomas, President; Robt.
Pierson, Cashier. Authorized to commence business, July 1, 1878.
after July 1, 1870, as follows: $50, Nos. 2,201 to 2,250, both
inclusive;
$100, Nes.17,601 to 17,850, both inclusive; $500,’Nos. 10,201 to 10,450,
both inclusive; $1,000, Nos. 33,701 to 34,400, both inclusive;
$5,000,
Nos. 9,101 to 9,250, both inclusive;
inclusive. Total registered bonds,
DIVIDENDS.
The following dividends have recently been
Railroads.
Central Ohio, com
Central Ohio, pref
Naugatuck
Pc naina (quar.)
Portsmouth & Dover
Insurance.
gEtna, of Hartford
American Fire
American Exchange
Atlantic
Continental
7.
Firemen’s
Guardian Fire
2
3
5
3
3
*
Lamar
Lenox
Manhattan Fire
Merchants’
N. Y. Equit ibie
Peter Cooper Fi e
Phenix (Brooklyn)
Relief Fire
Standard Fire
Tradesmen’s Fire
Miscellaneous.
July 29. July 15 to July 29
July 29. July 15 to July '*9
July 15.
Auer. l. July 14 to Aug. 1.
On dem.
5
7
5
5
July 12
3#
.
Books Closed.
(Days inclusive.)
On dem.
5
Hope Fire.
Importers’ & Traders’
When
Payable.
Cent.
314
Farragut
Interest
Period
announced:
Per
Name op Company.
5
5
5
•5
5
8
10
10
5
5
On
On
On
On
On
On
On
On
On
On
On
On
dem
dem.
dem.
dem.
dem.
July 10.
3 y,
On dem.
FRIDAY, JULY 12, 1878-5 P. III.
Money Market and Financial Situation.—The prin¬
cipal topic discussed on Wall street and in the city newspapers
usual, there have been exaggerated and erroneous reports as to
his conferences with bankers here, and that the result of his visit
will be little more than an increase in disbursements of silver
from the Treasury after
August 1, and possibly the disbursement
of some gold.
There is little reason to anticipate any further
sales of 4\ per cent bonds, although undoubtedly the
Syndicate
would be more than willing to negotiate
them. The five-twenty
bonds called and yet outstanding amount to $30,000,000, and
come due as follows :
a
Amount.
5,000,000
5,000,000
5,000,000
5,000,000
5,000,000
J uly
9.
July
10.
July
July
11.
12.
107*8
107
107*4 107*4 *107*4 *107*4
107*4 107*4 107*4 107*4
102*2 102*2 102*2 *10238 102*2
1023s *10238 "1023s *10238 102*2
*10558 *10534 *10578 *10578 1057s
10534 105 7s 105 7s 10578 106
107*2 *10758 *1075s *107% 10778
107% 10759 *10758 108
*108
*108 7s 109*8 109
*109*8 *109
109
109*8 109*8 109*8 109*8
x05% 10578 105%
10678 107
*107
102*2
102*2
105%
105%
'107*2
*107*2
109
109
107
107
1067s 1067s 107
*1067s I067e
10438 104*4 104*2 104*2 *10438 1043s
1043g 104*4 1043s 10438 10438 104*4
100*4 100*8 "100*4 *100*4 *100*4 100*4
100*4 100*4 10038 *100*4 10038 *100*4
120%, *1205s[ 12058 *12058 120*2 120*2
coup.
*
reg.
6s, 1881
cp.
6s, 5-20s,’65.cp.
6s, 5-20s,’67.cp.
6s, 5-20s,’68.cp.
os, 10-40s... cp.
5s, fund.,’81.cp.
4*28,1891 ..cp.
4s, 1907 ....cp.
6s, cur’ncy.reg.
Due.
July 30.
Aug. 6
Aug. 22'
Sept. 5'
Sept. 20'
Amount
Highest.
105*8 Feb. 25 110 s4
1023s July 1 105*8
105
Feb.
6 10858
106% Jan.
2 111*4
1037s Mch. 1 109*4
102% Feb. 25 107*4
10178 Mch. 1 10478
100*4 July 1 102%
117*4 Apr. 5 122*8
Jan.
9
May 25
J une July
5.
28.
U. S. 6s, 5-20s, 1867.
U. S. 5s, 10-40s
5s of 1881
New 4*2 per cents:..
Coupon.
June 27 $194,938,950
June 6
51.447,350
June 27 106,037,800
June 28
15,955,000
July 3
July 5
May 24
10738 10734
110
110%
10858 109
10578 106*4
.
each
July 1.
Registered.
$87,797,400
55,408,700
204,578,500
21,510,300
50,285,500
274,405,100
144,280,800
234,035,250
150,772,150 ^ 89,227,850
69,749.550'
29,100,450
64,623,542
Closing prices of securities in London have been
this week was t£ie visit of Secretary Sherman to New York and
the possible results thereof.
We are inclined to think that, as
$5,000,000
107
Lowest.
Tlie
Call.
56tli
57th
58tll;
59 th
60th
61st
8.
Range since Jan. 1,1878.
July 12.
July 12.
July 15.
5
July
48, 1907
coup.
6s, cur’cy, ’95-99.reg.
*
This is the price bid; no sale was made at the Board.
The range in prices since Jan. 1, 1878, and the amount of
class of bonds outstanding July 1, 1878, were as follows:
dem*
3%
6s, 1881
reg. J. &
6s, 1881
coup. J. &
6s, 5-20s, 1865...reg.
6s, 5-20s, 1865 .coup.
6s, 5-20s, 1867...reg.
6s, 5-20s, 1867 .coup.
6s, 5-20s, 1868...reg.
6s, 5-20s, 1868 .coup.
5s, 10-40s
reg.
5s, 10-40s
coup.
5s, fund., 1881...reg.
5s, fund., 1881..coup.
4*2S, 1891
reg.
4*28, 1891
4s, 1907
dem.
dem.
dem.
dem.
dem.
dem.
On dem.
On dem.
$10,000, Nos. 17,101 to 17,730, both
$2,500,000. Aggregate, $5,000,000.
Closing prices at the N. Y. Board have been as follows:
as
follows:
Range since Jan, 1, 1878.
July
12.
Lowest.
Highest.
1075s 105*4 Jan. 2 10958 June 8
110% 104*2 Feb. 25 110% July 5
109
1033s Mch. 1 109*8 July 9
106*4 102*8 Feb. 25 1063s July 10
State and Railroad Bonds.—Louisiana
bonds have been
rather less active this week and sold to-day at 77£.
Virginia
bonds are rather weak in consequence of the return of bonds
from London.
Alabama Class “A” have sold at 44 ex-interest.
Railroad bonds continue very strong, and the inquiry for
good
bonds has been stimulated by the re-investment demand since the
disbursements of July interest and dividends.
Central of New
Jersey securities have been conspicuous for a further* large
advance.
Nearly all the first mortgage bonds sold at the Stock
That Mr. Sherman will undertake to pay silver for
now firmly held at par to 120, and many of the
Exchange
are
any part of
second mortgages and consolidated issues are also selling above
these bonds we do not believe,
letter
of
although the
the law
par.
There are still some first mortgage bonds which ought to
might permit him to do so.
be quite safe, selling at 85 to 100, but most of these are bonds
In our local market money has been more abundant, if
possible,
than at any previous time this season, and to Government bond not known on any of the public exchanges, or about which there
dealers money in large blocks has been offered freely on call is some delay or doubt as to payment of interest.
Messrs. A. H. Muller & Son sold the following at auction :
at 1 per cent.
The range for call loans on miscellaneous stock
Shares.
Shares.
collaterals has been
to 3/per cent.
10 Hudson Co. Nat. Bank... 15
10 Merchants’ Bank
110%
The Bank of England statement on Thursday showed a
10 Second Nat. Bank of Jer¬
6 Bank of the State of N.Y.
gain
for the week of £91,000 in specie, and a reserve of
sey City
Ill
(new)
.104*2
33| per cent
7 First Nat. Bank of Jersey
3,000 International Silv. Min¬
*
of liabilities, against 30 15-16
The discount
per cent last week.
City
143
ing Co. of Ontario, $100
rate remains
11 People’s Gaslight Co. of
unchanged at 3£ per cent. The Bank of Fiance
each, $525 for lot.
lost 11,200,000 francs in specie. r
Bonds.
Jersey City
106
40 Morrisania Steamboat Co. 10
$5,000 Jersey City 7s, imp.,
The last statement of the New York City Clearing House banks,
9 St. Nicholas Ins
due 1905...;
80*2
109
issued July 6, showed an increase of $1,755,325 in the excess
10 Park Fire Ins
110*2
50,000 N. Y. Prov. & Boston
above their 25 per cent legal reserve, the whole of such excess
4 North River Bank
RR. 1st rnort. 7s, due Jan.
60
16 Plienix Bank.
77
1, 1899
117 5-16
being $20,572,125, against $18,816,800 the previous week.,
The following table shows the
prices
leading
and
Railroad
Bonds
Closing
for
State
for
two
changes from the previous week weeks
and a comparison with the two nreceding years :
past, and the range since Jan. 1,1878, have been as follows:
-
‘
Oct. 11'
-
....
1878.
July 6.
Loans and dis.
Specie
Circulation
Net deposits
..
.
Legal tenders.
$236,516,000
20,420,000
19,823,900
213,816,700
53,606,300
United States
Differ’ncos fr’m
previous week.
Inc .$3,795,800
Inc. 4,108,100
Dec.
110,300
Inc.. 7,851,100
Dec.
390,000
1877.
1876.
July 7.
July 8.
21,259,300
15,558,100
231,228,600
58,447,000
23,650,600
-15,563.600
223,704,100
53,381,200
Bonds.—In Government securities there has
depositors have in
some
withdrawn their deposits since the payment of July interest
and made investments in governments.
It is also noticed that
some of the large city banks,
unable to get more than 1 per cent
for their money loaned on call, have
finally concluded to purchase
Government bonds.
There has been quite a little movement of
bonds from London this week, and some parties estimate that at
least $2,000,000 have been sold here for London account,
entirely
outside of any transactions in called five-twenties.
Secretary
Sherman refuses to sell more
per cents, and any request to
that effect by the Syndicate was
respectfully declined.
The sixty-first call for the redemption of 5-20 bonds has been
issued by the Treasury.
The call is for $5,000,000, on which
interest will cease October 11.
The following is a description of
the bonds:
*
5.
$253,323,800 $255,653,300
been a large business and the
leading dealers have been crowded
with orders.
The inquiry from moderate purchasers
throughout
the country indicates that savings bank
oeases
July
States.
Range since Jan. 1,1878.
July
12.
Lowest.
Highest.
69 34 June
’89
or
’90.
8 ‘85
x76*s
77*2
x04*4 *104% 104*4 July 5 108
Mch. 29 18
*15*2 *1534 15
*35
4 395s
*35
33*2 Jail.
*70
do
do
2d series..
*25
*28*2
Dist. of Columbia, 3-65s.
84*8
837s 74 Apr. 12
Railroads.
Central of N. J. 1st consol
x86
90
64*4 Mch. 4
Central Pacific 1st, 6s, gold.. x06*s 105.7s 1035s Jau. 15
Chic. Burl. & Q. consols 7s...
112
109
2
Jan.
Chic. <fc Northwest, cp., gold.. 101*2 101*4 9178 Jan. 14
Chic. M.& St. P. cons. s. f. 7s.. x00*4 100%, 91*8 Jan.
5
Chic. R. I. & Pac. 6s, 1917... *x07% 1077s 106
Jan.
5
*114
110
7
Erie 1st, 7s, extended
*116
Jan.
Lake S. & M. S. 1st cons., cp.. Xll*2 *110
109- Jau. 10
5
105*8 Jan.
Michigan Central consol. 7s.. *110*2 *110
Morris & Essex 1st mort..... *11758 119
115*2 Jan. 5
N. Y. Cent. & Hud. 1st, cp
118
Jan.
7
X1838 *118
Ohio & Miss. cons. sink. fd..
x98*2 *98*4 957e Feb. 20
Pitts. Ft. Wayne & Chic. 1st.. xxll8 *118
118
Feb.
8
St. Louis & Iron Mt. 1st m
108% *108*2 103
Apr. 5
Union Pacific 1st, 6s, gold— x06*s| 106
10358 Jan. 7
do
104*21 104% 9238 Mcb. 6
sinking fund
,
_
*
85
Feb. 11
June22
May 25
May 14
June 10
90
July 11
1085s June 28
11312 June 15
103*4 May 31
102 34 May 25
110*2 June 28
116*4 July 8
11214 May 27
112
July 3
120
Apr. 29
122
June 26
102*8 June 27
121*2 June 13
1093s May 24
10858 June 28
105*4 July 9
This is the price bid; no sale was made at the Board.
Railroad and
has been
Miscellaneous Stocks*—The stock market
for most of the week
tolerably active, with prices
decidedly firm, although to-day there was a pretty geqeral reac-
36
tion
THE CHRONICLE
[VOL. XXVII.
throughout the
list. The important event of the week was
/—Latest earnings reported.
Mr. Vanderbilt’s conference at
Jan. 1 to latest date.
Week or Mo. 1878.
Saratoga,
which
was apparently in
1877.
the nature of a
1878.
Gr-’t
1877.
Western
family affair, and resulted
.Wk.end.July 5 $81,819 $81,225 $2,283,419
bination among his three Western lines—thepractically in a com¬ Ill. Cent. (Ill.line).June
$2,076,057
406,939
Lake Shore, Michi¬
386,905 2,451,671 2,174,750
do
Iowa lines. June
115,020
gan Central, and Canada Southern—for mutual
95,257
do Springf. div.June
748,766
599,373
arrangements
to
14,151
avoid strife in
getting business, to abolish commissions, &c. It Iudianap. Bl. &W.June
84,068
85,090
is also reported that a
lilt. &
614’,307
579*396
North..3d wk J’no
18,743
proposition was made to the Great Western KansasGt.
17,792
558,288
Pacific.. .June
635,707
of Canada to divide business with
223,523 253,652 1,435,975
the Canada Southern on terms Louisv.
1,346,045
»
...
Cin.&Lex.April
to be decided
by Mr. Thomas A. Scott as arbitrator. An advance
in East-bound
freight rates at the present time was considered
Louisville & Nash.May
Mo. Kans. & Tex .June .".
Missouri Pacific. .April
Mobile & Ohio-..
.May
Nashv. Ch.& St.L.May
Pad.&Elizabetlit.3d wk J’ue
Pad. & Memphis.. 3d wk J’ne
Phila. & Erie
May
Phila. & Reading.May
inexpedient. The general effect of these
arrangements and the
disposition shown by Mr. Vanderbilt towards
the other lines can¬
not
so
far be
regarded
other than favorable.
Western Union
Telegraph continues to be among the strongest stocks, in conse
quence of reported large
earnings—the receipts for the quarter
as
64,761
393,000
207,514
334,535
104,231
124,837
72,997
274,445
384,942
258,123
2,099,713
332,169
95,401
1,272,662
846,093
730,140
1,255.760
128,647
5,050
3,881
4,612
2.797
238,024
260,591
1,286,015 1,387,329
306,570
2,044,109
1,430,933
1,193,541
737,900
693,555
96,331
1.042,628
4471,768
81,930
1,139,159
showing, as stated, an increase of $170,000 above the estimate St.L.A.<$T.H. (brs)June
5,193,975
38,548
35,079
223,263
238,491
given in the recent quarterly report. From this time till the St. L. Iron Mt. & S. June
253,600 274,164 1,868,068
St. L. K. C. & No.. 1st wk
1,932,141
middle of August the Western railroad* stocks
July
46,433
41,232
1,556,529
must
St. L. & S. Fran.. .2d wk
1,4 »2,455
17,966
22,840
great extent, upon the crop reports, and if another hang, to a St, L. & S.E.(St,L.)3d wk J’ne
491,919
556,876
J’ne
large
12,316
grain
11,739
275,200
do
crop is secured, their friends will have confidence in
265,162
(Keu.).3dwk
J’ue
6,768
6,756 *
present or
155,736
do
135,329
(Tenn.).3dwk J’ne
higher figures, based on the certainty of
2,705
2,677
78,421
heavy freights during St. Paul & S. City.May
66,152
1878-9.
It is to be
58,131
37,827
238,379
remarked, however, that the prices for grain Scioto Valley
167,298
June
27,576
this fall may not
117,714
Sioux City &St.
support as high rates for
P.May
33,215
as dur¬
18,108
149,810
Southern Minn...May
92,078
ing the past year, although these rates havetransportation
81,769
been relatively low. Tol. Peoria
36,289
320.359
320,359
& War. June
172,072
In Kansas, wheat lias
76,887
80,010
613,042
already been gathered in, and reports say Wabash
498,503
June
322,801
that at 50 cents
353,847 2,209,619 2,059,070
per bushel farmers are inclined to stack rather Worth’gt’n& S. F.May.
10,019;
1,524
than thresh and market their
36,757
7,116
Tlie Gold
grain.
Market.—Gold has sold at 100£ for most of
The daily highest and lowest
the
week and sd closes.
prices have been as follows:
Silver is lower in London than when
the
Silver hill passed, and is now
Saturday, Monday, Tuesday, Wedn’sd’y
quoted at
Friday,
July 6.
July 8.
per oz., mak¬
July 9.
July 10.
ing our new silver dollar 'worth about 89 52|@52|d.
July 12.
cents in gold.
Central of N..J. 38
In view
39
of Secretary
Sherman’s reported purpose of paying out more silver
Chic. Burl.& Q. 108%
109^
and perhaps
C. MU. & St. F. 53*3 549*
gold in the government disbursements after
do
pref. 83*3 84*6
August
1, the price of silver in London has a little
Chic. & North. 51$6 52*6
more of practical
interest for ns than heretofore. On
do
pref. 76*6 78*6
C. R. I. & Pac.. 114*6
gold loans to-day the rates
115*6
were flat to
\ per cent for borrowing, and 1 per cent for
Del.& H. Canal 57
58
Del. Lack. «fc W
The range of gold and
carrying.
59*6 60%
clearings and balances were as follows :
Erie
16*4
,..
...
16%
...
Han. <fe St. Jo..
do
pref.
11
Illinois Cent...
Lake Shore
85W
Michigan Cent
*4 68*6
64*|
a
64*g
88*6 89*6
This week
104
47*6
91*6
The
35
....
the prices bid and asked;
sale
made at the Board.
'Total sales this week and the
range in prices since Jan. 1, 1877,
follows:
no
Sales of
Week.
Shares.
Central of N. J
Chic. Burl.& Quincy.
Chic. Mil. &St.P
do
do pref.
Chicago & Northw...
34,723
8,596
54,120
19,500
60,910
do
do pref.
56,352
Chic. Rock Isl. & Pac.
6,284
Del. & Hudson Canal
15,475
Del. Lack. & Western
128.170
Erie
53,000
Hannibal & St. Jo.
500
do
do pref.
850
..
Illinois Central
3,205
Lake Shore.A
247,159
Michigan Central....
11,600
Morris &
Essex
N.Y. Cent, & Hud. R.
Ohio <fc Mississippi...
Pacific Mail
Panama
Vabash
tJuion Pacific
Western Union Tel...
Adams Express
American Express..
United States Exp...
Wells, Fargo & Co...
Quicksilver
do
pref
11,402
4,001
4,060
5,270
-
50
3,118
4,345
24,882
42
23 3
13 )'
1<>6
500
Whole year
1877.
Jan. 1,1878, to date.
Lowest.
Highest.
Low.
13*2 Jan. 2 45*4 July 11
99*4 Feb. 28 113
July 12
36
Jan.
2
5478 July 8
68*6 Jan. 30 84% July 9
33*8 Feb. 11 55% Apr. 17
59% Feb. 9 79*2 July 11
9838 Jan. 15 119*2 June 7
45
Jan.
5 5978 July 10
4630 Mch. 5 617s July 10
7^8 Jan. 5 1750 June 5
10
Feb. 28 13% Apr. 16
2150 Feb. 28 3134 Apr. 16
7230 Feb. 14 87
July 11
5570 June 29 69*4 Apr. 15
58*2 Jan. 3 725g Apr. 18
6730 Feb. 28 89
Juue10
10334 Feb. 11 112
June 11
6 34 June 29
11*4 Apr. 15
1 1
June 21 2370Jan. 16
1
■
1
Jan.
5 131
Feb. 25
*8 June 26 2030 Apr. 5
25r July 11 73
Mcb. 20
f *4 Feb. 13 90
July 10
f'8 Jau.
8 104*2 July 10
47
Juuel4 52*2 May 8
46
Jan. 22 5134 Feb. 25
o2k:Jan. 7 95
Juue 5
13
July 2 19% Feb. 25
2934 Feb. 5 37
June 15
,
6
94
11
37%
4070
15
High.
11878
42*s
73*4
4378
37% 69*2
82*2 105*2
25*2 74*2
3O70 77
450 15
7
1578
17
337a
40*2
79
45
733a
355g 74*4
51% 92*2
85*4 109*4
2 *2
1130
1270
26*4
80
130
59%
73
56
845a
91
43*4
36
81
13
105
60*4
59%
90
24
45
1970
The latest railroad
earnings and the totals from Jan. 1 to latest
dates are given below.
The
statement includes the
gross earn¬
from which returns can be
obtained. The
columns under the
heading ‘‘Jan. 1 to latest date” furnish the
gross earnings from Jan. 1
to, and including, the period men¬
tioned in the second column.
ings of all railroads
March
1,147,208 1,170,714
Gal. H. &S.
Ant..May
88,254
66,478
Grand Trunk .Wk.end. J’ne 29
165,794
181,461
3,572,637- 3,262,726
443,975
370,331
4,350,177: 4,326,907
Clearings.
Gold.
Currency.
$15,347,000 $1,775,815 $1,790,885
14,591,000
13,523,000
14,107,000
7,001,000
7,644,000
1,420,100
1,478,805
2,188,136
861,066
1,480,000
1,429,864
1,488,716
2,208,198
865,425
1,488,356
$72,213,000
58,7441000 $1,331,717 $1,340,591
'
quotations in gold for various
3 92
4 75
..
@$4 92
@
@
@
4 00
4 81
4 10
—
—
—
@15 80
@15 70
@
coins:
Dimes & *2 dimes. — 98 @ —
Silver *4S and *28. — 98*4@ — 9858
9834
Five francs
93
@
94*3
Mexican dollars..
90*2@ — 91*4
English silver
4 75 @485
Prus. silv. thalers.
68 @
70
Trade dollars
98*2® — 98%
New silver dollars
99 %@ — par.
....
115*2
par.@*4prem.
—
Exchange.—Foreign exchange has
was
been dull, and
there
scarcely anything doing for to-morrow’s steamer. to-day
On actual
transactions the rates are about 4.84 for 60
days sterling and 4.86f
@4.87 for demand hills and
some
cable transfers.
sales of bonds here
There have been
against purchases in London, and these
bonds coming in may
cause a temporary renewal of the demand
for exchange from bond
importers.
In domestic bills the
following were rates
undermentioned cities to-day:
on
New York at the
Savannah,
|, selling \ pre¬
mium; Charleston, firm, 3-16@£ premium buying
; St. Louis, 90
prem.;,
New Orleans,
commercial, 3-16, bank£; Chicago, 60
premium;
and Boston, par to
12| premium.
Quotations for foreign
exchange are as follows:
July 12.
60
Prime bankers’
sterling bills on London.
Good bankers’ and prime
commercial..'.
Good commercial.
Documentary commercial
Paris (francs)
Antwerp (francs)
Swiss (francs)
Amsterdam (guilders)
Bremen
as
397a@
9434^
9434@
i...
follows:
Customs.
$252,000
9...
10..
11...
12..
475.000
215,000
265,000
398,000
254,000
@4.83
94%@
94%@
Receipts.Currency.
$522,149 32 $l,loi,012 55
722,973 56
1,336,322 76
89
11
93
26
4.86%@4.87*2
4.86*4@4.86%
40
@4.86
4.84*2 @4.85 *2
5.167b@5.1438
5.1678@5.1438
5.1678@5.143s
40*6@>
953b@
953b2>
953a@
953s@
95
95
95
95
Sub-Treasury have
Coin.
314,213
586,932
757,961
801,579
days.
4.85
4.81*2@4.82*2
5.1938@5.1558
5.1938@5.1558
5.1938@5.1558
(reichmarks)
6...
8...
3
4.S3*4®4.83%
4.82
The transactions for the week
at the
July
days.
4.83 34 @4.84 *2
Hamburg (reichmarks)
Frankfort (reichmarks)
$1,036,671
West...April
are
$4 89
3 90
Span’h Doubloons. 15 65
Mex. Doubloons.. 15 50
Fine silver bars
115
Fine gold bars
„
276,372 303,142 1,108,863
Atlantic Miss. «fe O.May
1,103,574
125,208
123,614
—
Bur. C. Rap. & N. 1st wk
641,716
628,109
July
20,313
15,966
Burl.& Mo.R.inN.May..
813,844
444,614
145,754
56,430
Cairo & St. Louis.3d wk
644,491
344,672
J’ne
4,069
5,802
Central of
98,736
119,750
Iowa..May
62,842
45,355
Central Pacific...June
1,460,000
1,484,232 7,883*363 7,838,705
Chicago & Alton.. 1st wk July
73,622
71,505 2,067.563
Chic. Burl. &
Q...May
1,275,516 917,447 5,520,700 2,103,247
Chic. Mil. <fc St. P. 1st wk
4,514,313
122,659 4,408,000
Clev. Mt. V. & D..3dwk July 151,000
3,080,810
J’ne
6,098
7,738
Dakota Southern.May
170,800
173,491
19,039
16,347
Denv. & Rio G...Juue
86,344
65,724
89,435
57,502
Detroit & Milw... April
436,705
306,137
77,364
76,636
Dubuque &S.City. June
75,373
58,743
Erie
486,250
364,752
following
X X Reichmarks.
X Guilders
.
1005^10030
Napoleons
'—Latest earnings reported.—, ,-Jan.lto latest
EARNINGS.
date.-v
Week or Mo.
1878.
1877.
1878.
Atch. Top. & S. F.June
1877.
$251,000
$185,731 $1,498,383
Atl. & Gt.
_
100*2 10050 100*2
100301100*2 100*2
100*21100*2 100*2
100*2'l00l2 100*2
100*2'100*2 100*2
100*2 100*2 100*2
Sovereigns
was
were as
-
10050
100*2
100*2
100*2
100*2
100*2
Balances.
Gold
Clos.
10050 100*2
Prev. w’k 100% 10050 10034
10050
S’ce Jan. 1 1O270 100*8
1O270 100*2
48*6
12*6 15
pref.
are
ii
a
127*6 127*6
Quicksilver....
6..
8..
9..
10..
11..
12..
«<
a
.
These
July
17*| 17*6
....
do
Open' Low. High
85u 80*4
109
110
Adams Exp.... 104
American Ex..
United States
47*6
Wells, Fargo.. *xS3
*
Quotations.
83
59*6 61*6
..
Morris* EssC"
N.Y.C. & H. i
Ohio & Miss...
Pacific Mail....
Panama
Wabash
Union Pacific..
West. Un. Tel
11
/
27%' 27*6
1,873,594 43
443,969 79
1,042.632 97
1,245,614 09
40*4
95^8
95%
953s
955e
been
-Payments.
Coin.
$913,043 61
813.558 45
619,922 09
1,321,605 84
490,881 37
558,581 08
Currency.
$933,351 32
938,330 05
7o5,531 82
703,806 16
641,384 18
546,274 00
Total
$1,859,0J0 $3,205,810 07 $7,018,146 59
44 $4,528,677 53
5....... 119,189,806 17 41,466,431 71 $4,717,592
Balance. July 12....... 117,678,018 30
43,986,0c0 87
Boston Banks.—The
following
are the totals of the Boston
banks for a series of weeks
past:
Loans.
Specie. L. Tenders. Deposits. Circulation.
Agg. Clear.
1878
$
S
$
$
$
$
July *1. 128,621,700 2,633,800 6,875,100 52,775
300 25,043,400
42.626,701
July 8. 129,849,000
2,451,900
5,917,800
53,252,000 25,361,400
51,573.489
Philadelphia Banks.—The totals of the
Philadelphia banks
Balance, July
follows:
are as
1878
July
.July
i.
8
.
Loans.
*
$
56,906,372
57,417,531
•
Specie. L. Tenders. Deposits. Circulation.
Agg. Clear
$
S
$
$
'
S
1,898,257 13,726,831
45,647,430 11,001,126
29,062,252
2,165,605 13,647,763
45,931,792 11,055,863
38,320,691
THE CHRONICLE.
July 13, 1878. J
New York
York City for the week
ending at the commencement of business on July 6, 1878 :
-A VIS RAGE
Loans and
Banks.
New York....... 8,000,000
Manhattan Co.... 2,( 50,000
Merchants’
3,000,000
Mechanics’
2,000.000
Union
America
Phoenix
1,200,000
3,000,000
1,000,000
City.......
1,000.000
1,000,000
Tradesmen’s
Fulton
Chemical..
Merchants’Exch.
Gallatin National
Butchers’&Drov.
Mechanics’ & Tr,
Greenwich
Leather Mannf’rs
Seventh Ward..
State of N. York.
American Exch..
frX),000
300.000
..
Commerce..
Broadway
Mercantile
Pacific....
Republic
1,000,000
1,500,000
500,000
600,000
200,000
600,000
300,000
800,000
5,000,000
5,000,000
1,000,000
1,000,000
422,700
1,500,000
450,000
People’s
412,500
North America..
700,000
Hamover
1/00,000
Irving
500,000
Metropolitan.
3,000,000
Citizens’.........
600,000
Nassau
1,030,000
....
Chatham
..
.
Market
St. Nicholas
Shoe and Leather
Corn Exchange..
Continemal
Oriental
Marine
1,000,000
1,000,000
1,000,000
1,000,000
1,250,000
300,000
400,000
Importers’&Trad 1,500,000
Park
2,000,000
Mech. Bkg. Ass’n
500,000
Grocers’
300,000
...
North River.....
240,000
East River
350,000
Manuf’rs’ & Mer.
100,000
Fourth National 3,5< 0,000
Central National. 2,000,000
Second National*
300,COO
Ninth National..
750,000
First National...
500,000
Third National.. 1,000,000
N. Y. Nat. Exch.
300,000
.
...
.
Bowery National:
New York County
250,000
200,000
750,000
German A meric’n
Circula¬
tion.
Net
Deposits.
Ten< lers.
9,947,200 2,717,400 1,507,200
5,289,900 1,010,100 2.642.100
7.193.500 1,038,200 2,38^,700
920.700
259,6C0
6,OS9,000
340,000
970,000
3.691.400
944.900 1.953.100
8,Oil ,600
300,000
339,000
2,251,000
4.968.700 1,030,400 3,920,000
193.400
306.700
3,067,403
71,300
616.400
1.505.500
773,300 2,206,600
9.686.400
199.900
517.200
3.571.800
448,300
371.900
3.965.100
162,000
92,000
1,333,000
236,000
27,000
1,413,000
171,100
819,000
9,300
291.700
364.900
2.358.600
225.900
63,000
861,500
620.700
309,000
1.739.300
11,840,0(0 1,169,000 2,021,000
16,057,800 1,801,400 3,387,400
31,100
876.200
4.756.800
325.600
192,600
3.292.600
21.900
587.600
1.864.700
3*29,800
289,500
3.221.500
67.700
665.600
2.667.100
31,200
245.400
1.224.700
373,000
61,000
1.611.400
177,900
982,500
4.920.600
522.600
29,600
1.861.700
539,000 2,653,000
11,736,000
71,600
452,900
1.791.300
42,400
255,000
1.978.700
430,700
40.100
2.485.700
98.900
233,700
1,879,000
318,000
296,500
3,317,000
111,400
348.000
3,421,000
57.100
734,200
3.741.500
16.900
180,001
1.256.400
133.600
354,001
2,047,900
15.450,600 1.062,300 3,499,500
623,500 2,880,800
10,992,400
22.600
614,000
44,800
8,800
158.300
542,200
132,300
24,000
743,400
67,4 0
116,000
714,100
361.800
4,700
100,000
12,751,800 1,300,000 1,923,400
6,995,000
430,000 1,295,000
3,066,000.
490,000
144,600 1,063,200
3,276,000
7,003,600
324,900 2,655,200
4,988,400
642,100 1,614,500
1,129,700
39,300
158,600
1,025,300
10.000
245,000
1,095,500
319,800
1,978,900 . 258,200
254,900
,
$
9,933,000
40,000
6,14*2,700
7.374.400
4.400.300
3.196.100
6.763.600
2,033,000
6.860.400
1.756.500
1.259.500
9.675.900
2.830.900
2,290,000
7,500
100,700
173,000
135,000
1,100
235,500
776,800
599,900
414,000
310,000
195,000
2,700
254,400
33,100
924,000
1,043,000
845,500
2,010,500
866,800
45.000
1.959.900
192,000
9,330,000
12,162,000 1,848,600
3.295.900
894,700
2.727.400
180,COO
1.897.800
450,000
1.877.900
397,000
2,536,700
1.194.100
5,400
*
'
$
1,517.50)
4.524.900
447,000
82,200
1.893.900
9,735,000 2/ 26,000
1.914.200
244,800
1.731.100
3,900
1.652.300
288,000
753,700
495,100
2.407.600
555,300
4,700
1.991.400
2.911.100
755,700
1.108.400
1.961.200
328,200
16,490,000 1,110.300
12,734,300
540, 00
453,000
306,800
508,400
736,600
588,300
95,600
410,200
10,826,500 1,042,100
6,117,000 1,355,000
2,021,000
270,0i.4)
3.407.200
568,200
450,0C0
8,003,000
794,500
5.580.600
267.100
732,800
850,000
222,000
1.145.801
180,000
1.921.900
65,525,230 23^516,000 20,420,000 53,606,300 213,816,700 19,823,900
The deviations from returns of previous week are as follows :
Specie
Legal tenders
*
$3,795,800 Net deposits
Inc. 4,108,100 Circulation
Dec.
390,000
as last week.
Inc.. $7,851,100
Inc.
No report; same
Dec.
110,3Qp
$
$
238,404,300
241.275.500
243,057,300
242.859.900
243.659.100
246.456.200
246,320,800
242.978.900
241,566,700
241.590.900
Apr. 6
240.649.100
Apr. 13. 236,018,400
Apr. 20. 232.113.400
Apr. 27. 230.801.500
May 4. 229.936.400
May 11. 232,030,700
May 18. 233,122,600
May 25. 233.997.200
June 1. 234,049,400
Jane 8. 236.132.900
Jan. 15. 234.639.100
Jan. 22.
Jun. 29.
July
6.
30.193.600
31,230,000
32.146.900
33,011,600
32.379.400
33.326.400
37.116.900
39.545.900
39.687.500
38.767.600
36,620,700
35.486.900
35.935.900
$
37.231.200
37.362.200
34,877,000
34,845,600
33,978,000
33.137.900
30.655.900
30.326.200
29,805,700
29.425.400
26,637,000
28,666,100
32,186,000
32.585.100 34,933,800
30,051,900 36.435.300
27.469.500 38,612,000
23,030,200 41,020.100
19.827.100 44,023,900
17,001,200 47,248,000
16,801,200 47.816.400
17,105,200 49.502.900
234,7)3,700 15,069,700 52.466.900
232.720.200 16.311.900 53.996.300
236.516,000 20,420,000 53.606.300
$
I
19.806.900
19,838,500
19.885.100
19,910,700
19.906.300
19.912.300
19.944.600
378,019,773
340,214,147
344,105,462
343,070,324
289,487,491
400,609,680
377,110,111
401,592,977
373,731,072
359,353,328
441,442,055
19.959.200 381,415,325
19,982,400
426,180,360
419,201,399
439,525,545
361,572,687
382,688,884
198,985.300 20.005,800 351,364,165
199.867.900 19,941,000 339,022,452
202,271,800 19.979.600 374,239,182
20,021,800
19.998.300
20,033,100
199.686.100 20,012,800
205.785.200
205.384.100
205.965.600
19.984.900
390,933,811
19.909.900 361,644,610
19.934.200 349,403.759
19.823.900 353,550.231
213.816.700
POTATIONS IN BOSTON. PHILADELPHIA AND OTHER CITIES.
Bid. Ask.
8ECUBITIB8.
BOSTON.
Maine 6s
Vermont
os
Massachusetts 5s, gold
Boston 6a, currency
do
5s, gold
Chicago sewerage 7s
do
Municipal 7s
Portland 6s
T..
Atch. & Topeka 1st m.7s.....
10454 105
do
land grant 7s 104% 104%
do
2d 7s
80* 80%
....
do
Boston &
k
land Inc. Ss..
Albany 7s
do
6s.....
ii's
Boston & Lowell 7s
ill
Boston & Maine 7s
BoSi0n& Lom ell 6s
102%
Poston & Providence 7s
Burl. & Mo., land erant 7s..
do
Neb. 8s, 1891...';.
do
Neb. 8s, i883
Conn. & Passumpslc, 7s, 189.'.
107*|
...
do
do
••••
7s, Inc..
Eastern, Mass., 3%s, new.
Rutland 88.1st lnort
Verin’tC. lstm., 7s
Vermont & Canada, new 8s..
Vermont & Mass. RR.,6s
78
10
Boston® Albany
Boston & Lowell.
Boston & Maine
Boston & Providence
Sandusky & Clev
107*4 Manchester & Lawrence
7154
...
*
99*6
79
STOCKS.
Atchison & Topeka
Cin.
Nashua & Lowell
New York & New
Ex rights.
...
HH
9*4
Rutland, preferred
99*4
82
30
10
PHILADELPHIA.
STATE AND CITY BONDS.
Penna. 5s, g’d, lnt.,reg. or cp
do
5s, cur., reg
do
5s, new, reg., 1892-1902
do
68,10-15, reg.,li77-’82;
do
6s, 15-35, reg., 1882-’92.
do
6s, In. Plane, reg.,1879
Philadelphia, 5s reg. ...
do
6s, ola, reg.
do 6s, n., rg., prior to’95
do 6s, n.,rg.,1895* over
111
104
111
111*
104*
113
C mden & Atlantic
do
do
pref
Calawlssa
do
pref
do
new pref
Delaware * Bound Brook....
East Pennsylvania
Elmira * Williamsport
do
do
pref..
Har. P. Mt. Joy & Lancaster.
Huntingdon* Broad Top...
do
do pref.
Lehigh Valley
Little Schuylkill....
Mlnehlll
Pennsylvania
Philadelphia* Erie
Pnlladelphla * Reading
Schuylk. Nav.lst ra.6s.rg ,’97.
Pittsburg Titusv. & Buff
United N. J. Companies
West Chester consol, pref....
West Jersey
Susquehanna 6s,
44%
England...
45
124%
x74% 74*
103*6
102*|
99*4
5*6
34
5*4
’12*6
i02
49
coup..
6s, exempt, 1887
6s, 1890, quarterly,
do
5s, quarterly...
Baltimore 6s, iS31, quarterly.
do
6s, .886, J.wJ
do
6s, 1890, quarterly...
do
6s, park, 1890, Q.—*M
do
6s, 1893, M.&S
do
6s,exempt,’98,M.®S.
do
1900, J.&J.
do
1902, J.&J.
Norfolk water, 8s
..
do
.
9
34%
30
31
39%
40
Par.
100
BAILROAD STOCKS.
Balt.® Ohio
42%
41
44
49
979i
98*4
10
40
32
8"
is*6
18%
4*
32%
129
4*6
128*
20* 2054
50
125
127
Wash. Branch.100
do
do
Parkersb’g Br.. 50
50
Northern Central.
Western Maryland
50
Central Ohio
50
Pittsburg & Connellsvtlle..5G
BAlLBf'AD
BONDS.
Balt. ® Ohio 6s, 1880, J.&J.... 100*4
do
104
6s, 1885, A.&O.
N. W. Va. 3d m.,guar.,’85,J&J 95
Plttsb.® ConnelFsv.78,’98,J&J 90*
Northern Central 6s. ’85. J&J 103
do
6s, 1900. A.&O. 100
do 6s, gla, 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
2dm.,guar., J.® J
do
2d m., pref
do 2dm.,gr. by W.C0.J4J
do 6s, 3dm.. guar., J.® J.
.
Mar. & Cin. 7s, ’92, F. & A
do
2d, M. & N
...
do
8s, 3d, J. & J
Union RR. 1st, guar., J. & J..
do
Can.on endorsed. 100*6 105
pref...
.
MISCELLANEOUS.
Baltimore Gas certificates... 100
108
Allegheny Vai.,7 S-10s, 1896...
People’s Gas
do
7s, E. ext., 1910 80% 87*4
inc. 78, end., ’94.
do
25
CINCINNATI.
Belvldere Dela. 1st m., 6s,1902. 104
Cincinnati 6s
2dm. 6s.’85..
do
3dm. 6s, *37..
do
Camden *Amboy 6s,coup,’83
do
6s, coup,, ’89
do
mort. 68, ’89
Cam. * Atl. 1st m. 7s, g., 1903
2d in., 7s, cur., ’80
do
Cam. * Burlington Co. 6s,’97.
Catawlssa 1st, 7s, conv., ’82...
do
chat, m., 10s,’88
do
new 78 1890
Connecting 6s, 1900-1904
Dan. H. & Wilks., 1st., 7s, ’37.*
Delaware mort., 6s, various..
Del. * Bound Br., 1st, 7s. 1905
East Penn. 1st mort. 7s, ’88
El.* W’msport, 1st m., 7s, ’80.
do
5s,perp ... ....
101
95
103
101
95%
103
100*6 10954
105
101
:oi!
107
104*6 105*6
97*4
98*6
..
Harrisburg 1st mort. 6s, ’83..
H. & B. T. 1st m. 7s, gold, ’$0.
do
2d m. 7s, gold, *95.
do
3d m. cons. 7s, ’95*.
Ithaca* Athens 1st g d, 7s.,’90
Junction 1st mort. 6s, ’82.
2d mort. 6s, 1900
do
L. Sup. * Miss., 1st m., 7s, i
Lehigh Valley, 1st,6s, cp., 1
do
do reg., 1893...
do 2 I m.,7s, reg., 1910..
do
con. m., 6s,rg.,1923
do
do
6b,'P.,19;8
Little Schuylkill, 1st m.78,’32
North. Penn. 1st m. 6s, cp.,‘85.
do
2d m. 7s, cp., ’96.
do gen. m. 7s, cp., 1903.
do gen. m. 7s, reg., 1903
Oil Creek 1st m. 7s, coup.,’82.
rlttsb. Titusv. * B., 78, cp.,’96
10454 105
10854 109*4
scrip
Pa.* N.Y.C. & RR. 7s, ’9<M906.
Pennsylv., 1st m., 6s, cp„ ’80..
do
gen. m. 6s, cp., 1910.
do
gen. m. 6s, rg., 1910.
cons. m. 6s, rg., 1905.
do
cons. m. 6s. cp., 1905.
do
do
Navy Yard 6s, rg,’81
Perklomen 1st m. 8s, coup.,’97
Phlla. * Erie 1st m.6s, cp.,’8t.
do
2d m. 7s,cp.,’88.
Phlla. * Read. 1st m. 6s, ’4S-’44.
do
do
’J8-.49.
do
2d m., 7s, ' P.,’93
do
deben., cp., ’93*
do
do
cps. off.
do
scrip, 183*2.
In. in. 78, cp,1896
do
do cons. m. Ts, cp.,t9i!..
108*6 110
409
114*6 110
97
104*4 104*
104*6
3954
cons. m.
do
cons.ni.«s,g.i.l9U....
85
40
112*6 113*6
103*6
i08*6
94
94
99*6
84
95
100
104
Dayton® West.lstm.,’81...t
do
lstm., 1905..
do
1st m. 6s, 1905
Dayton & Michigan stock...
do
8. p.c. st’k, guar
Little Miami stock
.
LOUISVILLE.
Louisville 7s
do
6s,’82 to’87
do
6s/97 to ’98
t
t
f
6s,*87 to ’89 t
water stock 6s,’97.t
water
do
wharf 6s......
..+
do
do
8pec’l tax 6s of ’89.t
Water
Louisville
6s, Co. 1907 +
Jeff. M.® 1.1st m. (I&M) 7b,’8lt
2dm., 7s
do
84%
do
lstm., 7s, 1906
t 105
Loulsv. C.& Lex. 1st m. 7s,’97.
ex past-due coupons
t 103
109*6
Louls.& Fr’k.,Loulsv. In,6s,’8! ....
Loulsv. & Nashville—
f
100
104
iii*6
45
25
02
ios
105
’93 30
01
db scrip, 1382.... ...
Phlla.* Read. C.& I. deb. 78/2 *48
’62
103*6
100
90*6
lstm.Leb. Br. Ex.,7s,’80-85.f 90*6
Lou.In.
do
68, ’93...t 90%
Consol. 1st m. 7s, ’98
104%
Jefferson Mad. & Ind stock
Louisville® Nashville stock. 30*4
05
In default of Interest.
100
...
Leb.Br.6s/86
01*6
93
103
104
107
ob
*
t
7s
do
f
do
+
7*30s
do
South. RR. 7‘S0s.t
do
do
6s, gold t
Hamilton Co., O., 6s. long., .+
do
7s, 1 to 5 yrs..t
do
7 & 7’30s, long.t
Cin.® Cov. Bridge st’k, pref.
Cin. Ham. & D. 1st m. 7s, ’80
2dm. 78/85..
do
Cin. Ham. & Ind., 7s, guar
Cin. & Indiana 1st m.7s...
do
2d m.7s,’<7...
Colum. & Xenia, 1st m. 7s, ’90
Dayton & Mich. 1st m. 7s, ’81.
do
2dm. 7a, ’84.
do
3d m. 7s, ’88.
do
112
103
7s, rg.,1911.. 103
do
98
100*6
80
13
Ind. Cin. & Laf. 1st m. 7s...
do
(I.&C.) l8tm.7s,’f
Little Miami 6s, ’83
Cin. Ham. & Daytdn stock.
Columbus & Xenia stock....
30
.
do conv. 7s, !S93’*
do
7s, coup, off,
5854
;9.8 .*
do
28
40
£0
Maryland 6s, defense, J.® J.
Chesapeake * Delaware
Morns
do
pref
101*6
BALTIMORE.
CANAL STOCKS.
Delaware Division
Lehigh Navigation
100
do
*2d m. 6s, reg., 1907
do 6s, boat®car,rg.,19!3
do 7s, boat&car.rg.,19 5
8
Philadelphia * Trenton......
Phlla.Wllmtng. * Baltimore.
81
CANAL BONDS.
Pennsylvania 6s, coup., ’.910..
20
48
46
Norristown
Northern Pacific, pref
North Pennsylvania
50
do m. coi.v. g., r» g.,’94
do mort. gold,’97..
do cons. m.7s, rg.,1911
Morris, boat loan, reg., 1885..
,
Nesquehoning Valley.
Union® Titusv. 1st m. 7s, ’90.
United N. J. cops. m. 6s, ’94..
Warren & F. 1st m. 7s,’96
West Chester cons. 7s, ’91
115
West Jersey 6s, deb., coup.,’83 ...
’.st m. 6s, cp.,’96. 100
do
do
lstm. 7s, ’99
100
Western Penn. RR. 6s,cp.’.899
do
6s P. B.,’96.
89*<
*
RAILROAD STOCKS.
do
8854
Chesap. & Dela. 1st 6s, rg..’86
Delaware Division 6s, cp.,*78.
104
108
113
113*6 Lehigh Navlga. m., 6s, reg.,’84 104 104*4
do
mort. RR., rg.,’97 104*6
11354 114
Allegheny County 59, coup
Allegheny City 7s, reg
Pittsburg 4s, coup., 1913
do
5s, reg. & cp., 1913
do
6s, gold, reg
do
7s, w’t’rln,rg.&crv 102
do 7s, utr.lmp., reg.,’88-86*
N. Jersey 6s, reg. and coup
do
exempt, rg. &,coup.
Camden County 6s, coup
Camden City 6s, coupon
do
7s, reg. & coup.
Delaware 6s, coupon
Harrisburg City 6s. coupon.. 100
Pennsylvania
Schuylkill Navigation
deb. 7s, cps.off
do scrip, 1382
do mort., 7s, 1892-3..
Phlla. Wilm. & Balt. 6s, ’84
Pitts. Cin. & St. Louis 7s, 1900
Shamokin V.® Pottsv. 7s, 1901
Steubenv. & Ind. 1st, 6s, 1884.
Stony Creek 1st m. 7s )907
*
m*6 Sunbury & Erie 1st m. 7s, ’97.. 109
Vermont & Massachusetts..
Worcester & Nashua
do
Fitchburg
x 114*4
Kan. City Top. & Western... 48%
....
7s
do
20% 27
....
Conn. & Passumpslc
Eastern (Mass.)
Eastern (New Hampshire)...
...
City Top. & W., 7s, 1st
Western, 8s
Pueblo & Ark. Valley, 7s
Concord
.Connecticut River
.
Ran.
Omaha & S.
Burlington & Mo. In Neb.f...
....
Fitchburg RR., 6s
Bid.
SECURITIES.
Hartford & Erie 7s, new
')gdensburg & Lake Ch. 8s...
Old Colony, 7s
do
0s
New Hampshire 6s
Bid. Ask.
SECURITIES.
87% Phil.&R.C.&I
28
RAILROAD BONDS.
207.171.200 19.798.100
210.301.700 19.761.300
211,713,000 19.687.100
212,132,000 19.781.200
210.894.600
213.933.400
215.155.900
215,085,100
211,938,500
210.378.400
204.663.200
201.926.600
202,053,400
200,875,000
199,074,000
201,038,000
Ogdensb. & L. Champlain
do
pref.. 98
Old Colony
x 101*6
Portland Saco & Portsmouth
28
Pueblo * Ark-rasas
Susquehanna
The following are the totals for a series of weeks past:
Loans.
Specie. L. Tenders. Deposits. Circulation. Agg. Clear.
1878.
Jan. 26.
Feb. 2.
Feb. 9.
Feb. 16.
Feb. 23.
Mar. 2.
Mar. 9.
Mar. 16.
Mar. 23.
Mar. 30.
Northern of New Hampshire 87*4
126
Norwich & Worcester
'
Total
Loans
Bid. Ask.
SECURITIES •
AMOUNT OP
Le* ;al
Specie.
Capital. Discounts.
PHILADELPHIA, Etc.-Continued.
BOSTON,
City Bank!.—The following statement shows the
condition of the Associated Banks of New
37
37
ST. LOUIS.
St.Louis 6s, lot g
t
water 6s, gold,
do
do
do
new.f'104*
ao
do
bridge appr., g. 6s tl 10 J
i
do
renewal, rold, 68.t
ao
sewer, g 5s, ’9:-2-3.f
St. Louis Co. new park,g.6s.t
do
cur. 7s
t
St.L.® SanF.RR.bds, ser’sA
do
do
do B
do C
do
do
,
t And interest.
104*4
38
THE CHRONICLE.
QUOTATIONS OF
tj.
S. Bands and active Railroad
Stocks
8HOUBITU1.
Bid.
Alabama 5s, 1883
do
5a, 1SS6
do
8s, 1886
do
8s, 1883
do
8s,M. &E.RR..
do
8a, Ala. & Ch. K.
do
8a of 1892
Jo
8s of 1893
Arkansas 6a, funded
do 7s, L. R. & Ft. S. Ise
do 73 Memphis & L.R.
do 7sj L. R. P. B. & N.O
do 7s, Miss. O. & R. R.
do 78, Ark. Cent. KR...
Connecticut 6a
Ask.
43
43
43
43
..
f
.
.
-
•
.
35
.
-
-
*
«
.
-
•
•
„
®
g *
„
a
%
#
-
4
4
4
-
-
-
r
-
+
-
+
107
Georgia 6a.....
107
100
...
T
do
do
do
do
do
T
-
Kentucky 6s
101
200
..
.
do
do
1886
do
1887.....
do
1838.
do
lS89or ?9J....
or Un.,due 1892
...
RAILROAD
do
82
29
Central Pacific
Chicago & Alton
do
pref
Cleve. Col. Cln. & I
Cleve. & Pittsburg, guar..
Col. Chic. to I. Cent.
Dubuque to Sioux City.
Erie pref
Harlem
Joliet & Chicago
83
30
do
do
82
do
do
do
76%
75
100
101
100
101
101
103% 10436
104
304
i 104
103
103}4il04
AND
mort., extended
do
7s, 1879....
do
7s, 1883
do
7s, 1830
do
7s, 1888
7s, cons., mort., g’d bds..
Bid.
YORK.
110
I.
101%
-..
...
10734! 108%
104%!....
*107% 109%
Ask.
SBOTJBIT1BS.
Bid.
Ohio 6S, 1886
Rhode Island 6s, cp., ’93-4
South Carolina os
113
113
do
do ..1891
6a, do
do '. 1892
6s, do
do ..1893
North Carolina—
6s, old. J. to J..,
do
A. & O
N. C. RR
J. & J
do
..A.&O
do conp. off, J. & J...
do
do
off. A. & O..
*
44
30
30
30
40
40
7s of 1888
18
30
Non-fundable
bonds
6s,
2
35
34
...
Tennessee 6s, old
do
6s, new
do
new series..
Virginia 6s, old
6s,
Funding act, 1866
new
68,
1868
New bonds, J. & J
do
A. & O
Special tax, Class 1
do
Class i
do
Class 3
Ohio 6s, 1881
do
do
do
104
Detroit Water Works 7s
Elizabeth City, 1880-1903
do
1885-93
Hartford 6s, various.
IndIaminoll6 7-30s
Long Island CItv
Newark City 7s ‘long. .*
do
Water 7s, long....
Oswego 78
1866
1867.
20
20
70
....
68, consol, bonds
6s, ex matured coup
68, consol., 2d series
6s, deferred bonds
D. of Columbia
3-65s, 1924.
8%
AND
bonds,
*28%
83%
small
57
"V%
84.
'
registered
83%
BONDS.
T110
172
174
104
70
78
107
Tol. Can.S. to Det 1st
7s,g.
Union to Logansport 7s...
Un. Pacific, So.
Br.,6s, g..
West Wisconsin
60
56%
7s,g.,new
Soutti’u Securities.
75
fl05
107%
Long Dock bonds
t....
90%
io9%irb%.
(Brokers' Quotations.)
Huff. N. Y. to E, 1st.m., 1916...
*100
110
101% 108%
Han. & St. Jo., 8s, conv. mort.
STATES.
1112
115
90
94%
Alabama new consols, A..
Illinois Central—
1-99
101
42% 45
04
Poughkeepsie Water
B,
5s
Dubuque & Sioux City,1st m.i *101
tuo
70
72
111%
Rochester C. Water bds., 1303.
do
do
2d dlv. *104
45
47
1 5
tiu%
138
Toledo 8s. 1889-’94
Cedar F. & Minn., 1st mort..
Georgia 6s,’ i 87 iP 89
140%
*104
107
*
99
1
r.
100
Toledo 7-30e
100
S. Carolina con. 6s
98
Indianap.
Bl.
&
100
1st
mort...
21
82
W.,
85
(good;.
30
Long Island
Yonkers Water, due 19C3
do
Rejected (best sort)...
do
2d mort.
109
05
75
Missouri Kansas & Texas
••••'
Texas 6s, 1892
Lake Shore—
M.&S. flOl
103
New York Elevated RR..
90
Mich
S. to N.Ind..
78,
gold,
+
.1892-1910,. J.&J tno% 113%
S.F., 7 p.c. 109% 110%
N. Y. New Haven & Hart.
RAILROADS.
T50
Cleve. to Tol. sinking fund..
7s, gold. 1904
150%
Atchison & P. Peak, 6s.
J.toJ. til 2% 113%
Ohio* Mississippi,pref
107%
40
gold..
do
10s,
new bonds...
pension,
1894.. J.&J. tioi
Boston
&
Pitte. Ft. W. to Cn., guar..
N.
Y. Air Line. 1st m
102%
95
102
*90*
Cleve.
P’ville & Ash., old bds ioi% 108
Bur. & Mo. Rlv., land m.
do
do
CITIES.
special.
7s....
do
do
110
new bds
do
Rensselaer & Saratoga
convert.
Atlanta,
8s. var. ser.
*97 ioo*
Ga., 7s
Buffalo to Erie, new bonds...
90
Cairo & Fulton, 1st
100
Rome Watertown & Og.
8s
illfc 112
7s, gold...
73
Buffalo & State Line 7s
102
105
Bt. Louis Alton to T. H..
102
California Pac. RR.,
Waterworks
"2
92
7s,
gold
3%
Kalamazoo & W. Pigeon, 1st +
100
102
do
do
do
Augusta,
pre
Ga.,
8
2am.
77
7s,
6s,
bonds...
3%
Det. Mon. & Tol.,1st 7s, 1906
g.
97
109
100
Canada Southern, 1st m.
Charleston stock 6s
uar.
Lake Shore Dlv. bonds
-no
76%
50
St. L. I. Mt to Southern.
Central Pacific, 7s, conv g
58
S. C., 7s, F. L.
Charleston,
102
~4%
do
Cons.
no
79
St.L. K. C. &
Central of Iowa lstm.
coup.. 1st.
!Columbus,
34
Ga.,
7s,gold
38
7s,
bondp.
North’n.pref
do
Cons,
'02
reg., 1st.,
Terre Haute & Ind’polis..
Keokuk to St. Paul 8s
07
+iii
Lynchburg 6s
do
Cons, coup.,2d.. -100 - 101
tioo% 101% Macon
98
United N. J. R. to C..
«•••
Carthage & Bur. 8s
i*25*
bonds, 7s
do
Cons, reg., 2d
tioo% 101% Memphis
100
05
Dixon Peoria & Han. 8s..
101
bonds C
1-102
Marietta to Cln. 1st mort
.r
O. O. to Fox R.
*79
Atlantic & Pac. Tel..
Bonds A and B
Valley 8s.
tuo
iii
Mich. Cent., consol. 7s, 1902...
„
110
112
Am. District
Quincy
&
Warsaw
8s
Endorsed, M. to C. RR,.
tuo
Telegraph...
do
1st m. 88. .882, s. f.
110% Mobile
111
Illinois Grand Trunk...,
112
Canton Co., Baltimore...
5s (coups, on)
110
T? "39 %
do
110%
equipment bonds.
8s (coupons
American Coal
Chicago & Iowa R. 8s..
02
New Jersey Southern lstm.
on).
<..
7s
Chic.
&
Can.
Consolidate Coal of Md.
South 1st m. gT7s.
6s, funded
10
25
N. Y. Central 6s, 18&3
190
Chic. & East. 111. 1st
33%
104%
Cumberland Coal to Iron
59
Montgomery,
new
5s.
do
mort.,
6s
*....
105
6s, 1887
do
New 3s
.2d m. Inc. 7s.
Maryland Coal
io
15
■11
do
104
6s,
real estate.,
Chic to Mien. L. Sh. 1st
105
Nashville 6s, old
Pennsylvania Coal
152
8s, ’89.
170
155
do
6s, subscription, 104
Chic, to S’tliwestern
105
6s new ••••••••••
Spring Mountain Coal...
90
7s, guar..
do to Hudson, 1st
118
Cln.
m.,
coup
118%
Lafayette & Chic., let m..
New Orleans prem. 5s,..!:<
Mariposa L. & M. Co
05
do
do
lstm.,
Col.
&
reg.
Hock
do
V. 1st 78, 39 years, 102
do
Consolidated 6e
pref
Hudson R. 7s, 2d in., s.f., 1885
do
Ontario Silver Mining....
1st 78,10 years,
Railroad, 6s
S3
98
Cinada South., 1st guar..
38%
36
do.
2d 7s, 20 years..
W'A
Wharf
Railroad Bonds.
90
iinrrovem’ts, 7-3(
Harlem, 1st mort. 7s, coup... 120
Connecticut
Norfolk
(Stock Ezchanae Prices.)
6s....
Valley
7s
42
do
do
7s, reg...
98
120%
Connecticut Western 1st7s....
Boston H. & Erie, 1st m..
19
Petersburg 6s
North Missouri, 1st mort
Dan. Urb. Bl. & P. 1st m.
98
104%
26% 28
8s
do
27
Ohio
to
guar.
7s,
g.
22
Mies., consol, sink. fd.
24
9834 99
IOtt
Denver Pac., 1st m.7s, ld.gr.,g.
Bur. C. R & North., 1 st
Richmond 6s
41
do
5s..
73
consolidated....
109% 104
9S34 08%; Denver to Rio Grande 7s.
Minn.& St L.,1st 7s gua.
Savennah 7s, old....,
do
gold.
2d do
63%
60
Des Moines to Ft.
05
59
Chesa. & Ohio 6s, 1st m...
78, new
do
1st Spring, dlv..
70
80
Detroit to Bay CityDodge 1st 7s
27%
do
ex cour
8s, end....,
Pacific Railroads—
Wllm’tou,N.C.,6s,g.
Erie to Pittsburgh let 7s
8s, gold
Chicago & Alton 1st mort. 113%
Central Pacific gold bonds
J o,
58
106
*05
do
a
do
con. m.,7s..
85
RAILROADS.
income.
do San Joaquin brar.ch f 1
do
92%
Joliet & Chicago,let m.
-7s,
Ala. & Chatt.lst m. 8s,end.
78
do
Cal.
&
equip...
106%
Oregon 1st
LA. to Mo., 1st in., guar.
9i%; 91% Evansville & Crawfordsv., 7s..
105
Receiver’s Cert’s (var’s)
do State Aid bonds
m% 100
103%'....
Evansville Hen. to Nashv. 7s...
St.L. Jack.* Chic., 1st m
do Land Grant bonds..
Atlantic to Gulf, consol..
97
106%
Chic. Bur.<fe Q. 3 p.c.,Istm
}....
Evansville,
T. H. to Chic. 7s. g.
Western
112
Pacific bonds
102
Consol., end.by Savan’h
113
Flint to Pere M.
do
8s,Land grant.
consol, m. 7s
Carolina Cent. 1st m. 6s,g.
Southern Pac. of Cal., 1st m.
ii
Fort W., Jackson to
do
VM 112%
5s sink, fun i
Sag.
Cent.
Union
8s,
89
Georgia consol.m. 7s
93
Pacific,
1st
mort. b’de joo
90
100% Grand R.& Ind. 1st 7s, l.g., gu.
Stock
do
Ch.Rk.I&P..B.f.lnc.63,’95
Land grants, 7s. *108%
do
108%
1st
6s, 1917, coupon
78,1.
g., not ga.
do
Charlotte Col. to A. 1st 7s.
107% ib*7%
Sinking fund
do
1st ex 1. g. 7s.
6b, 1917, regist’d
Cheraw to Darlington ds..
Pacific R. of Mo., 1st mort... 10i%il05% Grand
*107^4
River Valley ?u, 1st m*.
1O034;1OH%
East Tenn. & Georgia 6s..
do
2d mort
115
Houston to Gt. North. 1st
88
99%
E. Tenn.&Va. 6s.eud.TenD
7s, g.
do
90%
Income,
7s.
Hous.
to
90
Texas
C.
1st
do
7s,
E. Tenn. Va. & Ga. 1st. 7s.
gold..
assented,
do
IstCaron’tB
76% 76%
do
West, div
do conv...
301%
South Pac. of Mo., 1st m.
Stock..
87
83
90
85
do
50
Waco
do
assented.
Georgia RR. 7s
74
RR—
do
74% Pennsylvania
consol, bds..
6S
Pitts. Ft. W. to Chic., lstm..
118
70%
119
70%
Indianapolis* St. Louis 1st 7s
do
do
stock
do
assented.
do
112
2d m.
08
54%
Indianap. & Vlncen. 1st 7s, gr..
do
Greenville to Col. 7s, 1st m.
do
00
3d in.
70
International
iio%
do
do
i ssented
<.Texas)
65
7s.
Cleve. & Pitts., consol., s.f.
istg...
guar.
112
65
Int. H. to G. N. conv. 8s
J
19
Macon & Augusta bonds..
do
Ch.Mll.&St.P.lstm.8s,P.D
122
100
4lhmort....
Iowa Falls & Sioux C. 1st
122%
do
2dm. 7 8-10, do
91
7s...
2d endorsed
Col. Chic, to Ind. C., 1st mort
96
41%
Jackson
Lans. & Sag. Ss.lstm.
98
do
' 1st
105
do
Stock
7s, $g.,K.D
do
2d mort
13
Kal. Allegan, to G. K.
103%
do
8s,
Jome
gr...
lstm., LaC.D.
Watert’n
&
100%
Memphis
to
Cha’sion
1st 7s
35
10S |
Og.. con. 1st
Kalamazoo
& South H.
do
8s, gr..
2d 7s
lstm.,i.& M... 102%, 102%! >t. L. to Iron Mountain, 1st m. 108%
Kansas City* Cameron
do
1st m., 1. & D.
10s...
do
block..
do
101
2d m..
Kansas Pae. 7s,g.,ext.
00%
do
5t.
M&N.’99
L.
Alton to T. H.,lst mort
lstm.,H. &D. 101
Memph. to Little Rock ist
104
no
do 7s, g., I’d
do
lstm.. C. &M. *
do
gr.,J&J,’80
2d mort.,pref..
55
Mississippi Cent. 1st m. 7s
do 7s, g.,
do
do M&S,’86
do
2d mort. os
consol.slnk.fd 100%;1105%
2d mort. inc’me
15
:
do 6s, gold,
ioo%
do
2d m
J.&D., 1896
2d mort., ex coupons....
Belleville to S. Ill.R. 1st in. 8s *80
100
do
do
Chic. & N. West. sink, fd.
6s,
F.&
h
Tol. Peoria to
A.,
1895.
Miss.
&
Tenn.
1st
in.
Warsaw, 1st E.D
8s, A.
110%l
100
do 7s, Leaven,
do
int. bonds, loo ;io7
do
br., ’96..
1st mott., 8s, B
do
W. ,D.
do Incomes, No. li
do
consol, bds
do
Mobile & Ohio sterling 8s
do Bur. Dlv.
111%
do
112%
do
do
No. 16
ext’n bds..
do
do 2d mort.
Sterling ex cert. 6s
do
Stock
do
1st mort..
do
88, interest
do consol.7e *20
110
26
Keokuk & Des Moines 1st 7s.
do
2d mort. 8s
cp.gld.bds. 101% 101% ?oL to Wabash, l6t m. extend.
do
do
funded
int.
8s
N. O. to Jacks. 1st m. 8s.
do
ex coupon..
reg. do
102
-03% Long Island RR., let mort.
Iowa Midland, 1st in. 8s. *101
do
lstm.St.L. dlv.
Certificate, 2d mort. 8s.
87%:
Loulsv. to Nashv. cons. m. 7s.
Galena to Chicago Ext
do
Nashville Chat, to St. L. 7s
ex-matured coup.
••
70 ;
do
Peninsula 1st m.,conv.
2dm.. 7s, g..
do
2d
to Decatur 1st 7s
Nashville
mort
i'15
Michigan Air Line 8s, 1890
Chic, to Milw., 1st mort.
do
Norfolk to Petersb.lst m Jjs
Ex to Nov.,’77, coup.
Montclair & G. L.Iet
100Winona to St. P., 1st m.. 107%
do
7s,•
lstmort. 7s
99
equlp’t bonds
100
do, 2dm. Vs (oil m., (new;.
do
2d mort.
do
2d mort. 8s
lsts;...
eon. convert...
89
Mo.
K.& Tex. 1st 7s, g., l904-’0b
*95.
C.C.C.&lnd’s 1st m.7s,SF.
do Ex. Aug.,’78,&
Northeast., 8.C., 1st m. 8s.
108% 108%
prev’s
do
2d m. Income...
do
consol, m. bds
Great Western, 1st m., 1888.
2d mort. 8s
N. J. Midland 1st
84%
Del. Lack, to
7s, gold
do
West., 2d m. 100%
Orange &Alex’drla, lsts,6s
ex coupon
102
N. Y. Elevated RR.,lBt m
do
do
78, conv. 101
2d mort.. ’93
ids,6s
N. Y. & Osw. Mid. 1st.
do
mcrt.. 7s, 1907
do Ex to
3ds,8s
J05%
Nov.,’77,coup
do receiv’s
Syr. Bingh.& N.Y.
4
th s, 8s
ctfs.(labor)
itt,7s
Quincy to Toledo, 1st m.. ’90..
do
do
Morris to Essex, 1st. m.. 102%
do
(other)
ex
Rlchm’d
to Petersb.lstTs..
mat. to Nov.,’77,cou.
118
120
Omaha
&
do
Southwestern RR. 8s
2d mort..
Rich. Fred, to Potomac 6s.
Illinois to So. Iowa, 1st mort
107
Oswego
Rome
&
do
7s, guar
do
mort. 7s
bonds,1900.
ex coupon
Peoria Pekin & J. 1st mort
do
Han. to Cent.
Rich.* Danv. 1st consoles
construct’n
'9*0*
90
Missouri, 1st m
Pullman Palace Car Co. stock.
do
Pekin
7s, of 1871
Llnc’ln to Dec’t’r.lst m
Southwest.,Ga ,conv.7s,’S6
101
do
do
1st con. guar.
bds., 88,4th series
Vestern Union Tel., 1900,
108
Southwestern, Ga., stock.
*92% 94
St. L. & I. Mt. (Ark.
cp...
Br.)
S.
do
7s,
1st in.,’84
Dal.&Hnd.Canal,
g.
Carolina RR. 1st m. 7s..
do
reg
*108
98% 100
St. L. to San F., 2d
do
m., class A.
do I89i
7s, 1902
100
Miscellaneous
99%
List,
do
do
do
1st extended
class B.
100
7s, non mort
(Brokers' Quotations.)
102
do
do
do
class C.
coup. 7s;* 1894 101%
Savannah to Char.lBt m. 7s
5
10
St.L.&So’east cons.7s,gold,’94
do
CITIES.
reg. 7s, 1894 301%
Cha’ston to Sav. 6s, end.
80
St. Louis V&ndalla to T. H.
40
Albany to Susq. ist bds.
1st.
West
Ala.
2d m. 8s, guar..
108
102
304
]
106
106%
do
do
<d do
2d, guar
lstmort. 8s
tl09
104
1C0
303% (
Sandusky Mans, to Newark 7s.
do
Sd d o
PAST DDE COUPONS
t 98
*90
'
South Side, L. I., 1st m.
do 1st cons. tru«
7s, sewerage
bonds.
100
Tennessee
tl03%
State
104%
do
15
coupons..
Bens, to Saratoga,
25
sink. fund...
7s, water
t-100
South Carolina consol.
lstcp *115
107% South. Gent, of N. Y. 7s,
40
do
7s, river improvein’t
1st re*.
guar.
115% 117% (
tl03% 104% Southern Minn. 1st mort.
Virginia
coupons?
15
8s...
t!05
*
1(7
Consol, conn
do
78
7s. 1st:
80
Price nominal
t And accrued interest.
Memphis City coupons..
30
40
tNo price to-day; these a.e latest
quotations made this week.
102
20
102%
20%
82% S‘2%
3%
.
.
.
.
....
.
+
..
..
.
...
“5%
.....
...
...
..
...
.... •..
..
...
....
*
....
....
| coup
..
.
.
1105
•
...
—
.....
• •
•
.
t
.
.
•
•.
•
.
...
,
^*90
.
• • • •
...
.
.
•
*
•
-
-
*
-
.
•
•
•
•
.....
....
.
....
...
....
*
*
*
.
t
t
..
f
.
.
.
.
.
...
....
a
a
.
...
.
i
ABk.
100
Jan. & July
April & Oct
Funding act, 1866
Land C., 1339, J. & J
Land C.. 1889, A. & O....
..
MISCELLANEOUS STOCKS
2d
3d
4th
5th
NEW
8B0TJBITIB8.
ao
104
do 1887
IN
New York State68, Canal Loan, 1878
68, gold, reg.... 1887....
6s, do coup.. 2887
6s, do loan...1883
104%
Erie, 1st
Albany & Susquehanna..
Burl. C. Rap. to Northern
Ask.
104% 1053-2
Asylum
Funding, due 1834-5
Han. to St. Jos., due 1886
do
fttailroad Stocks.
(Active previ'usly quot'd.]
1882 or’83
BONDS
Prices represent the per cent
value, whatever the par may he,
STATE BONDS.
Bid.
6s, new float’g debt.
do
7s, Penitentiary
do
6s, levee
do
38, do
do
8s, do 1875
do
8s, of 1910
do
7s, consolidated
do
7s, small
Michigan 6s, 1873-79
do
6s, 1883
do
7s, 1890
Missouri 6s, due 1873
AND
previous page.
do
306% 108%
100
100
...
on a
8KCUBITIH8.
302%
do
78, new bonds....
do
78, endorsed.
do
7s, gold bonds...
Illinois 6a, coupon, 1879....
do
War loan..
quoted
Louisiana 6s....,
ao
6s, new
7
20
20
20
4
4
-
are
STOCKS
[Vol. XXVII.
•
July
THE CHRONICLE.
13, 1878.]
SECURITIES.
LOCAL
NEW YORK
89
Insurance Stock List.
Stock List.
Bank
[Quotations by K. 8. Bailey, broker, 7 Pine street.]
Capital.
Companies.
lates
dates. §
Net
Price.
I'lVIDENDS.
Surplus
Capital.
at
Ph
.
America*.,
Am.Excha
5.
Bowery...
•
*
Brewers’*
IOC
IOC
IOC
Broadway.
10
25
.
r.
Central
Chase
Chatham......
Chemical
Citizens’
100
25
•
.
City
Commerce
Continental...
Amount
3,000,0(K 1,525.70C ) J.&J
5,000,00( 1,231,U0C M.&N
207,20C J. & J
250.00C
loO.OOC
(?)
1.000.00C 1,212,5CC
(?)
200.00C
43,IOC
500,00C
362,700
2,000.00C
12,40(
300.00C
162,80C
450.00C
300,000 3,080,20C
154,300
600,000
1,000,000 1,522,300
2,630,000
5,000,000
1,250,000 293,600
1,000,000 76 >,200
46,400
350,000
I3,0C0
100,000
.
IOC
100
Corn Exch’ge5 *. 100
East River....
25
11th Ward
25
Fifth
150,000
Fifth Aven
100
100,000
First
100
500,000
Fourth
100 3.500,000
Fulton
30
600,000
Gallatin...
50 1,500,000
100
750,000
*
100
200,000
100
Germania*..,
200,000
Greenwich*.
25
200,000
Grand Centrt
25
97,600
40
Grocers*....
300,000
Hanover
100 1,000,000
Imp.* Trade: 100 1,500,000
50
500,000
Irving
Island City*... £0
100,000
Leather Manuf. 100
600,000
...
.
.
.
.
....
.
....
.
Manhattan*
50
60
100
100
25
50
25
M rcantlle
100
Merchants’.
50
Merchants’ Ex. 50
Metropolis'.
100
Metropolitan
100
Murray Hill*.. 100
Manuf. & Me
-Marine
Market
Mechanics’..
....
..
.,
Nassau*
New Yors
N.
8
Ju y» ’78.
*9*
July,
May,
•
....
410,600
.
936,500
77,200
122,800
191,800
815,409
224,000
45,900
859,000
90,900
55,200
692,300
87,700
73,500
20,100
29,500
86,000
165,800
E 00,000
3,000,000
100,000
1,000,000
200,000
300,000
750,000
700,000
240,000
70
50
Oriental*
25
300,000
Pacific*
50
422,700
Park
!.... 100 2,000,000
Peoples’*
25
412,500
Phenlx
20 1.000.000
Produce*.
1001 200,000
Republic
i no i 5oo nnrt
St. Nicholas... loo i!6o6,c6o
Seventh ward. 100 300,000
Second
1001 300.000
Shoe * Leather 100 1.000.000
Sixth
100
200,000
State of N. Y.. 100
800,000
Third
100 ,000,000
Tradesmen’s.*.’. 40 1,000,000
Union
50 .,200,000
M est Side*
100
200,000
219,500
510,000
155,000
161,100
1,600
297,500
135,300
57,100
67,400
241,100
50,700
170,100
nil.
..
*
Vo*
12
•PL,
va July,
7A
10
10
May,
7
Apr
TA
Feb.,
*0 ‘**0* May,
6
7
May,
7. May,
s
,
3
7
14
8
....
•
5
’78. 8
10
3
9
8
8
8
3+<>
;
*6*54
•
•
336,300
664,80ft
87,000
J. & J.
6
12
11
8
.
.
.
.
8
10
9
8
1
1
Bowery.
T
O
f
*
*
City
Clinton
..
25
20
Brooklyn Gas Light Co
do
„
1,C00
certificates5.
Harlem
50
20
50
100
V r.
Jersey City & Hoboken
Manhattan
Metropolitan
do
certificates
do
bond3
sm
3
5
0
•
-
t
-
•
•
•
,
.
90
do
1,000,000
Va
100
10
scrip
.
People’s (Brooklyn)
do
do
bonds...
do
do
certificates.
Central of New York
Williamsburg
scrip
Metropolitan, Brooklyn
Municipal.
M. & N.
J. & J.
F.& A.
J. & J.
F.& A.
#
.
•
•
.
.
.
5
•
•
.
*
•
Quar.
Broadway A Seventh Ave—Btk..
1st mortgage
.'.
Brooklyn City—stock
1st mortgage
100
.
60
,
,
,
.
,
....
120
.
....
Broadioay {Brooklyn)—stock...
100
Brooklyn dk Hunter's Ft—stock.
1st mortgage bonds
a, ooo
100
Bushwick~Av. {Hklyn)—stock..
100
Ventral Pk.% y.dk E. Jiivei—stk.
Consolidated mortgage bones 1,000
100
Dry Dock, E. B. dkBattery— stk.
500&C
1st mortgage, cons’d
100
Eighth Avenue—stock
1st mortgage
1,000
100
4 Id St. dk Grand St Berry—stock
1,000
100
Central Cross 'lown~ stock.
1st mortgage
1,000
100
Houston, West st.APav.F'y—stls..
500
lBt mortgage
"
...
100
Second Avenue—stock
3d mortgage
Cons. Convertible
Extension
1*t
.
.
.
1,000
on
•
3
7
2
7
6
7
5
1,800,000 J. & J.
1,200,000 J.&D.
1,200,000 Q-F.
900,000 J.&D
1,000,000 •J. & .1.
203,000 J. & J.
748,000 M.&N.
4
tf
....
WA
91
75
77
I
...
...
...
„
.
...
...
140
; 45
••
........
Q.-F.
A.&O.
M.&N.
A.& O.
•
7
2
7
7
7
5
7
10
7
4
7
•
’78 75
’78 95
’77 60
14,484
146.366 20
168:584 20
.
120
120
130
100
190
’78. 7
Ja>.., ’78. 5
Jan., ’78.10
NtW York:
1841-63.
Water stock
do
1854-57.
Croton waterstock. .1S45-51.
do
do
..1852-00.
Croton Aq ued’ct stock. 1S65.
do
pipes and mains...
do
reservoir bonds
82
100
67
I 98
1
Central patk bonds.. 1853-57.
uo
..1853-65.
1870.
1875.
1860.
Floating debt stock
8
90
Market stock
1865-68.
Impi pvement stock.... 1869
do
....I860.
(.o
Consolidated bonds
var.
Street imp. stock
var.
....
do
do
New Consolidated
Westchester County
var.
Months
90
175
90
150
112
95
do
140
108
eo
134
195
150
120
120
240
130
70
75
100-
200
+ The surplus
Price.
5
0
5
0
6
7
(5
5
6
7
0
6
7
6
7
v g.
0
7
6 g.
7
Payable.
do
Park bonds
Water loan bonds
.
Bridge bonds.......
7
7
7
7
7
-
do
do
do
do
91
13
•
do
do
Park bonds
Bridge
Brooklyn bonds flat.
.
6
7
0
6
0 ‘
do
do
do
do
do
do
‘
do
do
May & November.
Feb.,May, Aug.& Nov.
’
Mav & November.
do
do
do
do
do
do
do
do
do
do
January & July.
do
do
do
Sewerage bonds
1869-71
1866-69.
Assessment bonds... 1870-71.
.
Improvement bonds
Bergen bonds
1868-69.
101
102
1890
101A
1883-1890 103
1884-1911 104
1884-1900 109
1907-1911 107
1878-1898 101
1877-1895 100
116
1901
106
1898
100
1878
1894-1897 117
105
1889
1879-1890 192
1901
108
1888
102+4
1879-1882 102
1C 8
1896
106
1894
106
108
117
108
108
107
117
108
101
118
1C6
114
109
105
105
109
107
1878-1880 101
January & J uly,
do
do
do
do
do
1881-1895
1915-1924
1903
1915
1902-1905
1881-1895
1880-1883
do
do
do
do
do
do
Mav & November.
do
do
January & July.
do
do
January & July.
January & Juiy.
1Q2K
Wail st.l
[Quotations by C. Z\briskie, 47 Montgomery St.,
Jersey City—
Water loan, long
1878-1879 100
.
•All
....
Bid. A sk
due.
May & November.
Feb., May Aug.& Nov.
90
Water loan
City Donas
Kings Co. bonds
Bonds
Feb., May Aug.& Nov. 1878-1880 100
[Quotations by N. T. Brers. Jr.. H^ker.
Brooklyn—Local impr’em’t—
City bonds
83
.
,
.
do
.
Jan
July, ’78. 5
Julyy ’78. 6
25
250,000
Dock bonds
July, ’94
Apr., ’78
Apr., ’35 95
May, ’88
Oct., ’83
May. ’77
July, ’90 105
May, *78 108
July, ’90 100
Feb., *78 90
Vfsv, *93 100
1-6
160.044
128,752112*6
52,1£4 10
'
Interest.
do
...
‘
11(5,943
Rate.
80
85
.
lio
City Securities.
76
97
96
30
250,000 M .A-'N
stocks, but the date of maturity of bonds.
.
200,000
200,000
102
.
70
[Quotations by Daniel A. Moran, Broker, 40 Wall stre°tJ
......
......
300,000
200.000
*
Over all liabilities, including re-iusurauce, capital and scrip.
represented by scrip is deducted. — shows deficiencies.
103
76
’78
’78
Nov.1904
•
200.000
.
’93 ioi
’78
’84 100
’78 115
Apr.,’93 105
7
•
200,000
200,000
200,000
200,000
200,000
200,000
150,000
250,000
300J00
July, ’77. 5
July, ’78. 5 lio
110
Apr., ’78. 5
July. ’78.10 210
105
.July, ’78. 6
180
July, ’78.10
110
July, ’78. 6
115
Ju y, ’73. 5
Jitn., ’77. 3^ 50
July, ’78. 5
■July, ’77. 5
.July, ’78. 5
Jan., ’78.10
July, ’78 8
60
Feb., ’78 4
July, ’78.6-23
July, ’78. 5 iod
Feb., ’78. 5
206,026
108,888
789,612
3,256
55,755
+8,324
(50,747
203,785
1,000,000
25
Standard
50
Star
100
!00
Sterling
25
Stuyvesant
Tradesmen’s.... 25
United States.. 25
Westchester... 10
50
Williamsb'g C
40
200.000 M.&N.
500,000
350,000
200,000
200,000
150,000
150,000
St.Nicholas....
Bid. As k
-8,314
448,830
124,141
424,883
102,561
200,000
Safeguard
95
140
104
135
Oct., ’76 76
100
1888
75
x50
Jan.. ’7o
95
i902
M ay,’78
...
135
ioo-
50
200,000
Y. & Boston 100
100
t
50
I
25
i
25
1
ICO
1
20
I
50
50
F
100
r
I
50
100
I
mblic
100
gewood
25
Rutgers’
100
87
5
4
TO
’
...
3
4
•June,
Jan.,
Jar.,
May,
7
236,000 A.&O.
600,000
250*000
500,000 J. & J.
.
HO
50
llO
55
60
120
160
125
270
.
80
J My,1900
3
7
••*•••••
M.&N.
415,000 J. & J.
1,000
100 2,000,000 Q—F.
1,000 2,000,000 J. & J.
100
600,000 J & J.
*This column shows last dividend
A. & 0.
300,000 J. & J.
500,000
1,199,500
150,000
1.000 1,050,000
500&C.
200,000
J00
750,000
Sixth Avenue- stock
1st mortgage
Third Avenue—stock
1st mortgage
1 wenty-third Street—stock
400!000
13ft
165
.
85
_
3+4
m July, ’78
7
Juue, ’84
3* May, ’78
7
Nov., ’80
3
Ju'y, ’78
2,100,000 Q-J.
1,000 1,500,000 J.&D.
1» 2,000,000 Q-F.
1,000
300,000 M.&N.
100
200,000 Q-JICO
55
.
....
ann nnn
7
'
.
,
80
95
694,000 J. & J.
5
.
*
1,000
loo
50
100
.
....
[Quotations by H. L. Grant. Broker. 145 Broadway.]
Bleecker St.dk FultonJberry—stk.
1st mortgage
18
180
130
130
55
.
.
3>4
.
•
96^
J. & J.
M. &N.
170
120
120
1 eb., 78. 5
Juiy. ’7«. 6
July, ’77. 5
Jan., ’77. 5
July, 78. S
.
142
354
’78. 5
Jan.,
Feb.,
Ju.y,
Ju.y,
Nov.,
25
190
175
Feb., ’78. 10
Jan., ’78. 10
July, 78. 10
.
,
‘
July, ’78
Feb.,’78
July, ’78
May, ’78
May, ’78
July, ’78
700,000 M.&N.
4,000,000
1,000,000
1,000
325,000
Var.
300,000
50
466,000
.50 1,000,000
Var. 1,000,000
100 1,000,000
100 1,500,000
June, 7« 10
Feb., '77. 5
.,
100
197
,
500,000
5,000,000 Quar.
1,000 1,000,000 F.& A.
25 1,000,000
Var
......
do
38',000
4,000,000
2,500,000
100
bonds
Nassau, Brooklyn
New York
1,850.000
ioo
185
...
....
,
F.&A.
J.& J.
J.& J.
M.& S
M. & S
J.& J.
300.000
654
100 I
140
105
65
70
dan., 77. 5
Jan.. ’78. 5
.
1
Apr ’78
July, ’78
100
Apr., ’78 95
82
Feb., ’78 75
Jan
165
’78 155
190
June, ’78 185
135
Feb., ’78 130
Feb., ’78 100x102
Var.
Yar.
250,000
July, 78. 7
July, 78, 5
Jan., 77. 4
132
Jan., 78. 5
[Ask.
.
Jan., 78. 3
320,000 A. & O.
1,000
Mutual, N. Y
do
2,000,000
1,200,000
179,468
138,119 20
—17,87 !0
2,008 10
55
.
_♦*
Citizens’Gas Co (Bklyn)
-300,*42
204,883
t320,87O
July, 77. 5
.
85
3A
Date;
392.121
No fig’s
10
15
15
10
4
5
10
20
5
20
20
20
17 A
..
300
3
3
5
Jau., ’77. 3
July, 78. 4
Amount. Period.
109,572
10
25
15
10
8
10
10
20
10
20
20
20
20
20
10
10
25
Bid.
Last raid.
..
22*5*
City Railroad Stocks and Bonds.
Quotations by George H. Prentiss, Broker, 30 Broad Street.]
Par.
72,177
—9,613
No fig’s
91 n | nrwi
\J (J \J
100
..
10
14
15
10
8
10
10
30
5
20
30
20
20
1876. 1877,
5
200,000
25
Commercial
164,803 20
200,000
9*80
11-45
1250
Continental,
Ju’y, 78.6 75 158
1,000,000 1899,436
190
A pi., ’78. LO
20
30
40
300 OOO
496,731 30
Eagle
105
74
14
100
.la*i., 78. 5
96,572 14
Empire City
200,000
3
10
Jan., ’77. 3
200,000 —19,724 10
Emporium..... 100
15
20
Feb., 78. 5
30
111,728 15
Exchange
200,000
15
154.58S 12 A 15
50
July, 78. 7 A
Farragut
200,000
19
15
12
Firemen’s
July,
78 5
97,(588
204,000
10
10
d
10
iuiy. 77. 5
Firemen’s Fund
150,000 —13,406 10
12
12
10'
80,783 12
Firemen’s Tr
July, ’78. 5
150,000
100
Franklin
4,978
200,000
IcT
10
Gebhard.
200 000 —28,235
Aug.. 7(j. 5 '
io
10
•. 100
German-Amer.
July, ’78. 5
i,ooo!ooo 686,951 10
50
30
30
10
653,039
Juiy, 78. 7
Germania.
500,000
108
50
20
18
20
116,152
Globe...
July. 78- 5
200,000
25
40
40
301,674 55
Ju.y, 78. 79.
Greenwich..,
200.000
‘50
5
Jan.. 77. 5
100
200,000 So fig’s,
Guaranty....
60
10
Guardian....
200,000
25,019 10”
10/ iu y. ’7s. 3+c 130
20
Hamilton,...
15
20
July, 78. 7A
150.000
129,148 20
130
d uly. 78. 5
10
10
Hanover
500,000
553,898 10
90
Hoffman
50
10
10
July, 78 5
200.000
98,478 10
109
Jan., 78. 5
10
10
100
3,000,000 L, 016,703 10
10
10
July, 78. 5
1 * 0,000
20,481 10
12
12
50
July, 78 5
500,000
134,066 12
105
12
•Julv, 78. 5
12
12
.mporters’* T.. 50
200,000
104,159
80
10
13
100
39.470 13
•'uly, 78. 5
Irving....
200,000
Mar., C8 5
30
200,000
+96,818 10
-July. ’78.10
) 20
150,000
195,000 20
Jau
r
*7o. 5
40
49,640 20
280,000
145
July, ’78. 8
150.000
) 50
151,093
105
July, ’78. 5
100
126,919
200,000
90
Juy, ’78. 5
150,000
25
57,935
150
50
-July, ’78. 8
200,000 [134,946
80
25
•July, ’78. 5
80,494
300,000
125
-JU y, ’78. 6
192,806
100
200,000
100
•July, ’78. 5
100
250,000 208,004
160
200.000
July, ’78.10
25
2(58,204
160
.Jan
’78.10
50
177,028
150,009
80
1
•July, ’78. 5
50
200,000
49,942
•July, ’78. 8 i
J
200,000
191,016
Vo
July, ’78. 5
50
200,000 114,916
\ jlaivii)
200,000 211,737
July, ’78.10
(Bklyn) 50
102
103.519
Jan., ’78. 5
200,000
210.000
323,996
35
July, ’78.10 175
130
1
Feb., ’78. 7
100
200,000 17S,79.
Gas and
Gab Companies.
70
..
Columbia
$ The figures in this column are of date May 1st for the National hanks, and of
date June 22d for the State banks.
[Gas
100
Citizens’
.
101
120
4
’77. 2Q 50
May, ’78.
Jan., ’78.
Jan., 78.
May, ’78.
Jan., 78.
*
•
..
..
0
lu y,
..
•e
(:ommerce Fire
Nov., 77. 3k
0
75
May, 78. 3
110
7A Ju y, 78. 3
VA July, 77. 3
Jan., 70. 354
Vo* July, 78. 5 118
duly, 78. 3
3
10
10
7
7
3
9
8
8
T
50
25
..
Broadway....
Brooklyn
120
78
118
75
....
F.&A.
F.&A.
J. & J.
J. & J.
J. & J.
J. & J.
M.&.N.
J. & J.
J. & J.
M.&N.
Atlantic......
-> ■
-
May, 78. 254
7A July, 78. 3+4
8
fan., 78. 4
8
Feb., ’78. 4
3+4
0
3
Jan., 77. 3
7
0
July, 77. 3
July, 74.
12
11
July, 78. 5
12
12
May, 78. 254
10
0
>uly, ’78. 3
10
10
July, 78. 4
7
6
July, 78. 3
July, 74. 354
Feb.,
78. 3
"dA
8
VA Aug. 77. 254
Q-F.
-,50
Arctic
Brewers’ & M
78. 3
75.
70.
78.
78.
••
1875
18,356
22,314
1211,702
200,000
200,000
400,000
200,000
200,000
200,000
200,000
300,000
200,000
200,000
153,000
300,000
Amity
*
...
10
4
I. & J.
J. & J.
J. & J.
American
80
94
3H
’78.
'78
’78.
’78.
’74.
’78.
’77.
25
..
Price.
Dividends.
Jan. 1
1878.
Amount
..,
•
^
.
10
•
•
’75. 5
’77. 4
.'Uly, ’78. 7
78. 4
78. 3
78. 5
78. 4
'JA
8
.
Adriatic..
A£tna.
•
.
:b loo
American Excb
Jar., >77. 3
July, 78. 3+4
July,
v% Jan.,
12
July,
8
Feb.,
July,
Jan.,
July,
9
July,
2A May,
12
9
F. & A
& J.
I. & J.
J. & J
1. & J.
M.&N.
M.&N.
M &N.
J. & J.
J. & J.
J. & J.
I & J.
A.& O.
M.&N.
•J. & J.
J. & J.
F. & A.
J. & J.
J. & J.
J. & J.
r. & J.
•
VA July, ’78. 3+4
July, ’76. 3 “
’Vo' Oct.,7; 2A
12
,}.
•
104
102^j
>78. 3
>78.15
‘Ulj. ’78. 3
May, Q8. 5
July, ’78. 4
Jan., ’76. 3
Feb., ’78. 5
VA
8
3
14
10
•
•
Par
*
10
6
G
10
J. & J.
I. & J
J. &
Ju!3f>
Sept.
-luly>
100
7
3
10
f. & J
J. & J.
F.&A.
J. & J.
T. & J.
10,500 J.
7 5,i 00
284,600
*
•
J. & J. 10
Bi-m’ly 100
8
J. & J.
M.&N. 20
8,500 J. & J.
1.000,000
2,000,000
500,000
600,000
1,000,000
1,000,000
1,000,000
Ninth
No. America*..
North River*.
8
nil.
100,000
400,000
100
N. Y.-N. Exch. 100
‘**8*
25,000 J. & J.
167,! 00 I. & J.
100 3,000,000
Y.County!.
68
651,300 A.& O.
40,700 F.&A.
43.S00 May.
39,800 May.
15,600 M.&N.
1,876,900
124,400
12
‘Vo*
435,900 M.&N.
2,050,000 1,103,000
.
tV& j.
M. &S
J. & J.
J. & J.
12
July ’78. 4
May, >78. 3
July, >78. 5
"id
47.4' 0 Q-J.
145,000
1,065,100 Q-J.
901,700 I. & J.
.
....
8
9
7
Bid. Ask.
Last Paid.
Period 1876 1877
.
&
Surplus
Companies.
0
7
7
7
7
do
do
Jan., May, .Tnly & Nov.
J* & J« And J & D*
7
January and July.
1
|
105
104
113
116H 119&
116Y 1195*
11 m 1195?
108
109+4
107
104
108
103
106
1880-1885 102
1924
106+4 108
108
1907-1910 107
Jersey City.]
101
1895
1899 1902 108
1877-1879 106
107
1891
11*05
1V7A
1900
105
108
106
102
109
101
40
THE
CHRONICLE.
Investments
Commissioners, and $1,000,000 for temporary loans redeemed.
The
unexpended balance is
STATE, CITY AND CORPORATION FINANCES.
The Investors’Supplement Is
published on the last
of each month, and furnished to all
the
sold at the
No
ol
as
only
1,011,996
10,886,368
$125,623
587,017
125,628
...
single copies of the Supplement are
sufficient number is printed to supply regular
subscribers. One number of the
Supplement, however, is bound
up with The Financial Review (Annual), and can be purchased
in that
office,
follows:
Excess of actual incrme and taxes
Fxce?s of appropriations over actual
payments, including excess
of liquor license revenue,
$182,630
Excess of actual income and
taxes, as given above
Saturday
regular subscribers
as
Actual income and taxes
Estimated income and taxes.
AND
Chronicle.
[■vcl xxvii.
Total amount remaining in the
financial years of 1878-9
a
'
Treasury to reduce
$712,646
The report condemns the
system of
terity to pay :
“We cannot better illustrate the
borrowing
.
shape.
taxation for the
money for pos¬
fallacy of posterity paying
expend than by plating the fact that we are now
paying loans which the taxpayers were better able to
GENERAL INVESTMENT NEWS.
pay by
direct taxation at the time
they were incurred than we are to-day.
The appropriations and tax levies should
Alabama Central.—Work has
annually cover all
begun on the extension of the expenditures based upon a
Alabama Central from York, Ala., westward to
proper economy, and all public works
Lauderdale, Mss., should be prosecuted only as fast as the
about 15 miles.
The company has concluded a contract
money can be judiciously
by which raised to meet the amount required
it secures for a term of years the
annually
therefor. The city
right to use 18 miles of the of Boston, with its present means and
Mobile & Ohio track, between Lauderdale and
accumulations, will pay as
Meridian. Its it becomes due all its
present indebtedness; and, in the
trains now use the Alabama &
coming
Chattanooga track between York five years, will pay and cancel,
at maturity, $8,230,000 of this
and Meridian.
debt. The loans authorized, of all
kinds, if negotiated, will add
to it $5,023,000.”
Arkansas State llonds.—The Supreme Court of the State
of
Arkansas has declared the " levee bonds ”
unconstitutional and
Central Pacific.—A circular
void. The State Constitution of 1868
prepared by a firm of bankers
provides that on the final having foreign connections
gives the following:
passage of every act a vote of the members shall be taken
by Land grant mortgage
yeas and nays. In respect to the act
$10,000,000
authorizing the issue of the Bonds canceled
“
levee bonds,” the vote was not so
1,136,000
taken, and on this legal and
technical point, andjnot on the
Outstanding bonds
equities of the bondholders, is this
$8,864,000
decision made.
Many of the same men who framed the Constitu¬ Cash on hand May 13, 1878
$1,109,242
for
what
we
—
Notes
tion of 1868 were members of the
Legislature which passed, or
tried to pass, the act
authorizing the issue of these bonds.
In reference to this decision the Little
Rock Gazette says : “ The
decision is a correct one, and will be sustained
by the approval
of every unprejudiced
legal mind in the State. We congratulate
the people of Arkansas
upon this decision, which lifts a burden
respectable
men
a
1873.....
1B75.I4
Construction
ana
extraordinary renewals
.'
.%..
300,448
•
•
i ....
;
,
$25,055,873
..
Total.
$645,582
4,981,484
7,463,500
16,717,395
16,657,649
13,174,019
$29,674,531
3,512,857
$52,789,129
6,507,132
$33,187,388
$59,211,261
77,167
,
....
product has been
The loss in
verting silver into gold has been nearly $3,500,000.
con¬
California, tfie sister mine of Consolidated Virginia, produced
its first bullion in 1876, and declared its first
dividend of $2 per
share on a capital stock of $540,000 shares on
May 8, 1876. The
record of production is as follows :
.
„
1876
1877.5
Silver.
$6,488,641
9,386,745
3,t80,107
1878, five months
Ore sales, 1876-7, and samples
.Total
Balance
.
Gold.
1,041,733
$699,104
249,849
7,035,207
7,378,145
....
Totals
Net earnings
Silver.
$331,293
2,918,046
9,682,188
9,279,504
The proportion of gold and silver in this
about 44 per cent gold and 56
per cent silver.
1S76-77.
$1,740,838
•
.
Total to date
London, England, June 19, the committee presented a state¬
showing the earnings for the year ending June 30
(May
and June partly
estimated), as follows :
1,059,020
•••••
Samples to 1878
meeting of bondholders
...$1,768,031
Gold.
Total, five years
1578, five months
ment
earnings
Expenses
••••••«.••••.•*•
1876
1877
stock.
1877-78
acres, at
May 1, 1878
1874
capital stock
Southern Pacific Railroad
Company,
and
$1,000 in the first-mortgage bonds of the
company, each holder of
twenty-nine shares of the Atchison Topeka & Santa Fe Railroad
Company’s stock being entitled to subscribe for 9 shares of said
Gross
May 1, 1878, 124,126
purchased by the bondholders. The stockholders and
a re-sale, and
Judge Harlan has
ordering a re sale.
Consolidated Virginia & California Mines.—The San Fran¬
cisco Post gives an
interesting summary of the product of these
great mines.
The yield of the Consolidated
Virginia from the beginning
after the big strike to the end of the last
fiscal month, June 10,
1878, has been as follows :
of the New Mexico &
in
to
was
{perfectly good law) to get rid of honest debts, would not be
tolerated in a business
community for a single year.
Atchison Topeka & Santa Fe.—This
company now offers to
subscribers, for $900 in cash, nine $100 shares of the
a
May 1, 1877,
$2,806,184
11,722,400
11,143,545
officers immediately asked for
rendered his decision,
Arkansas; and yet a refusal to meet
a *• slap in the face,” to all
invest money or take
up their resi¬
Mississippi & Ohio.—At
land unsold
acres of
Acres.
$12 65 per acre.
Chicago & Iowa.—A few months ago the Chicago & Iowa Rail¬
road was sold for
$900,000, on foreclosure of a mortgage, and
dence within her borders. A man who limits
all his payments to
what he is compelled
by law to meet, who fights in court every
obligation, who always avails himself of the statute of limitations
Atlantic
I,b96,949
average of
an
direct rebuff,
who would
May 13, It78
Land sold from
nearly $3,000,000 Irom their shoulders.”
It is fruitless to discuss a
question like this, for as n matter
of technical law it is too well
understood that a “sov
reign”
State may utterly refuse to
pay its debts, and her creditors are
remediless. Mississippi, Minnesota and Tennessee
all have the
U. S. Constitution on their side in
to pay their bonds.
The great questions to ask in ell refusing
these cases are these—Is it
honorable? Is it policy for us to
repudiate these moral obliga¬
tions? Few States at this time want
capital and new settlers for
their development more than
obligations is
hand
Land grant..
Estimated number of
of
State
on
.$19,756,493
‘
Total.
$6,912,201
,
<
9,538,105
3,671,349
$13,400,812
18,924.850
.
$20,321,655
7,751,456
$40,077,148
473,698
...
$40,550,846
$449,255
The two mines have produced
The committee has
up to the close of the last fiscal
kept steadily in view the importance of a month bullion
union of interests with the East
as follows:
Tennessee Virginia &
Georgia, Consolidated Virginia
when the company is
reorganized.
$59,320,328
California
The bondholders approved the
40,550,846
report of the committee, and
authorized its members to make
Total
changes of detail in the
$99,871,174
reorganization, not to affect its general character and plan of
The proportions of gold and
purpose.
silver, exclusive of the ore sales
They also resolved to authorize the purchasing committee
to fix and samples, have been as follows :
a limit of time after
which no bonds will be
Geld.
Silver.
received,
to
and
Total.
Consolidated Virginia
negotiate with parties willing to advance such cash as
$26,055,900
$33,187,400
$59,320,328
be
may
California
required to complete the purchase of the road. The
19,755,500
20,311,700
40,677,200
meeting
Also approved the
appointment as purchasing committee of Sir
Totals
$45,811,400
$55,509,100
$99,82C,5C0'
...
„
,
Henry W. Tyler, John Collinson, F. A.
Hankey and R. F.
Keane.
Mr. Ovens, as representative of the
Dutch bondholders,
opposed
the plan of the committee, because
the rate of interest on the new
bonds was fixed too high, and too much
arbitrary power given to
the purchasing committee.
Detroit & Milwaukee.—On July 6 the bondholders’
trustee
appeal from the decree of foreclosure as granted
by the Circuit Court, which, it is said, will postpone the sale
until the appeal can be heard at the October
term of the Supreme
gave notice of an
Court in
Erie
Michigan.
Railway.—The report of Receiver Jewett for the month
April shows that the receipts for the month were
$1,947,369,
April 30, at of which $204,856 were borrowed money, the real receipts
$42,457,022, against $43,590,497, April 30,1877,
being
showing a reduc¬ $1,702,512. The expenditures were $2,094,905, of which $375,681
tion of $1,133,474,
The total redemption means,
were
used
in
April 30,1878,
payment of Receiver’s certificates, leaving the
were
expen¬
$16,297,245. The debt of the city, less this
amount, is ditures on account of the road $1,719,223.
Of this amount,
$26,159,776. Taxes outstanding, April 30,
$783,154, being 8*741 $15,153 were paid on account of coal, lands, and $168,945 on
per cent of the levy of 1877.
account of coupon interest.
In Receiver’s certificates there was a
The receipts of the city and of the
county of Suffolk, from all reduction of $129,824, and the balance on hand was reduced
sources, were $16,922 804.
The total payments were
'
$18,140,713, from $225,598 to $78,063.
♦of which $1,859,474 were for debt redeemed
by the Sinking Fund
Gulf Colorado & Santa Fe.—The loan made
by this comBoston Debt.—The City Auditor has made
his annual report
It gives the funded debt of the
city,
for 1877-8.
1.
of
tfULY
pany
THE
13, 1378.]
is said to be
$2,700,000, or $12,000 per mile on
road from Galveston to
Belton.
41
CHRONICLE
Elevated Railway Company. Judge Sedgwick grants the motion*
holding that the plaintiff’s petition is too indefinite under
15, and rather seeks to ascertain whether there is any evidence
available to the plaintiff than to elicit evidence in existence.
225 miles of
rule-
Kansas Paciflc.^-A holder of the Denver Extension Bonds
complains of the action of the ** Committee of Nine,”
soliciting the deposit of bonds with the United States
Company preparatory to beginning foreclosure proceedings.
which is
Trust
He
examination, to
A. Stewart, Mr.
of the Bank Of Commerce, and Mr. Brayton Ives,
in
Missouri County Bonds.—The Supreme Court of Missouri,
the Greene County case, has decided the bonds invalid on
purely technical points, one
of these being that there was
“ no
acceptance” of the subscription. The height of impudence
in repudiation seems to be reached when the court, in denying
the claims of bondholders, actually makes a tirade against them
Henry F. Vail
President of the Stock Exchange.
in these words, “ who, reaching out with insatiate arms to grasp
in all the shore, has ‘ taken the chances,’ and, taking them, has
Indianapolis Bloomington & Western.—The bondholders made speculations without profit and ventures without gain.”
of the first mortgage on the I. B. & W. Railway have formed a
The St. Louis Republican says : “ The importance of this
pool for the purpose of purchasing the road at the sale under the decision cannot be overestimated. It not only virtually reverses
decrees of foreclosure now pending.
The object is to work in the decision of the same court in the precisely similar Greene
unison with the holders of the first mortgage bonds of the Dan¬
County case made in 1874, but it seems to unsettle the famoua
ville Urbana Bloomington & Pekin Railroad, and to consolidate
Macon County case which has for ten years been the rule gov¬
the two road under the name of the Indianapolis Bloomington &
Western Railroad Company.
The new organization has filed erning these bond questions in the State. It establishes a new
rule for theffgovernment of these cases, and that new rule, to
articles of association, the persons selected as the first board of
describe it in the fewest words, is as strongly in favor of thedirectors being John W. Kirk, Josiah C. Reiff, Thomas Ritchand
debtor counties as the Macon County decision was in favor of the
William W. Heaton, of this city, William J. Eiger, of Brooklyn,
asks that the bondholders appoint a committee of
consist of such eminent gentlemen as ‘Mr. John
84781
B.
Augustus Jillson, of Poughkeepsie, Levi H. Alden and John
Pudney, of Passaic, N. J., James Kirkham, of Springfield, Mass.,
Solomon Mead and Francis Shepard, of Greenwich, Conn., John
C. Short of Danville, Ill., and Richard P. Morgan, Jr., of Bloom¬
ington.
Scott and H.B. Hurlburt,
railroad, have filed a
Indianapolis,asking a foreclosure
of H. B. Hurlbur , the
H.
C.
Quincy,
Newark,
O , as receivers.
present president, and
of
They state that diminution of business on the road has caused a
floating debt of $200,000, and that they are also unable to meet
the July interest on said bonds. Judge Gresham refused to
appoint two receivers, and the parties being unable to agree upon
fine the application was held over for further consideration.
The application for a receivership follows the refusal to pay the
notes given to make up the deficit on the St. Louis Alton & Terre
Haute rental.
The stock of the I. & St. L. Company is $600,000,
and is owned equally by the Cleveland Columbus & Indianapolis
and the Pittsburg Fort Wayne & Chicago.
The breaking of the
Vandalia pool last y9ar was disastrous, and the result has proved
that the Vandalia route CDuld command more, and the revenues of
the Indianapolis & St. Louis have fallen off in consequence.
It
is stated that the Pennsylvania Company has no desire to break
or modify the original lease, and they stand ready now, as in the
past, to pay the two-thirds for which the contract calls. This, it
is said, the St. Louis & Alton refuses to accept, claiming that
Indianapolis & St. Lonis.—Thomas A.
trustees of the third mortgage bonds of this
bill in the United States Court at
of the mortgage and the appointment
•
they must go on as they have, assuming the default of the Cin
cinnati & Lafayette; but the Pennsylvania Company says that the
contract is so clear in its provisions that the guarantee is not
joint one, but each for itself to the extent of one-third, that it
has no doubt the offer of the two-thirds will finally be accepted
written
bondholders.”
The debt of Boone
County is
$340,000, the rate of interest being
submit to the people at the Novem¬
refund the debt at 6 per cent
given last year to a similar
proposition, but the number of votes cast was so small that tho
C -unty Court declined to accept the result as sufficient instruc¬
tion.
The United States Circuit Court on the 1st granted a peremp¬
tory writ of mandamus against the Buchanan County Court to
8 per cent. It is proposed to
ber election a proposition to
interest.
An affirmative vote was
bonds,,
compel payment of four judgments on coupons of county
complete the St. Louis and St. Joe Railroad, amount¬
ing to $16,693, the County Court having refused to draw warrants
on
the Treasurer to pay the same.
The County Court has
determined to refuse obedience.
issued to
Court of
the
judgments in the Pacific Railroad Company mandamus against
Governor Nichols and others, and the Louisiana Levee Company
New
Orleans Pacific Railroad.—The Supreme
a unanimous decision, July 10, affirming
Louisiana rendered
Jumel.
New York City.—The annual report of the Commissioners of
Taxes and Assessments to Mayor Ely contains the following :
“The business of the Department of Taxes and Assessments, so far as it
relates to the assessments upon property for the entire year, is brought to a
close at the end of the current quarter, to wit, the 30th day of June.
mandamus
against Auditor
“
“The assessed value
REAL ESTATE.
of real estate was
for
$895,063,933
900,855,700
.
“The iacrease is $5,791,767.
“The value of the new buildings
$16,574,539.
“The following table
each year since 1873:
and
..
..
improvements during the year was
.
shows the value of new buildings and improvements in
„
New work.
Alterations.
Total.
$22,276,645
$25,773,640
$3,496,995
16,798,997
3.616,112
20,415,109
18,072,850
1875.
3,076,473
21,149,223
15,898,240
3,635,478
19,533,718
1877
13,349,414
16,571,539
3,215,125
“It will be eeen that the increase in assessed value is less than the value of
the list of the New York Stock Exchange some years ago. The
trustees were authorized to sell the entire issue of bonds in new buildings for the year. This is owing to the reduction in the assess¬
upon unimproved property in certain districts, and upon improved
advance of building the road, and the bonds were so sold.
In ments
property in sections where the decline in values has been in excess of the
December, 1874, dealings were restricted by the governing com average.
,
.
“While the value of the new buildings in 1877 is less than in previous years,,
mittee to No. 1,616, being $16,000 per mile on 101 miles of roac
the number of buildings is greater; for, owing to the low prices for materials
actually built and in operation. On completion of the road the and labor, more work can be done for less money. There were 1,191 new
Chicago & Alton Railroad Company agreed to lease the line, anc buildings begun in 1876, and 1,316 in 1877. In 1876 the number of buildings
alteration was 1,177, and in 1977, 1,308. The Nineteenth Warn, as for
pay a rental sufficient to meet the interest on the bonds and pay under
years past, had within its bounds more new buildings than any other
the taxes.
Under a provision in the mortgage the bonds can be some
ward.
•
*
converted into guaranteed preferred stock, and $271,000 have
“The real estate market has been stagnant and depressed, and large parcels
of unimproved property, when forced upon the market at public sale, have '
been so converted ; $435,000 have been redeemed and canceled
the expectations, or at least the.hopes, of owners. Yet the
$1,854,000 are now outstanding. The lessees recently asked disappointed
owners of real estate which is not overloaded by mortgage felicitate them¬
that the bonds now outstanding numbered 2,560 or below should selves when they compare their position with that of other investors. The
be admitted, as good delivery, and that the guaranteed preferred investor in speculative stocks has found himself bankrupt; mostruilroadsare
a similar condition ; many manufacturing stocks have ceased t'» pay divi¬
stock (registered by United States Trust Company) should be in
dends ; merchandise has depreciated from 40 to 70 per cent; trade debts have
placed on the list of the Stock Exchange, which was granted at to a large extent proved worthless, and amid all these wrecks improved real
estate stands—not unharmed or impaired in value—but still, as compared
a late meeting of the governing committee.
River.—The Louisiana^ & Missouri
Company’s first mortgage bonds, dated August
1,1870, due August 1,1900, interest 7 per cent, payable February
and August, numbered 1 to 2,560, each $1,000, were placed upon
Louisiana & Missouri
River Railroad
meeting was held of
the directors of the Metropolitan Elevated Railway at the office
of the company, corner of Broadway and Rector street, and the
following officers were elected: President, William R. Garrison;
first vice-president, John Baird ; second vice-president, William
Foster, Jr.; treasurer, John E. Body; secretary, Charles H.
Metropolitan (N. Y. City) Railway.—A
Clayton.
The directors of the
New York Loan and Improvement Com¬
.
.
with other interests, sounder,
stronger, more
hopeful than almost any.
“personal property.
property against residents and
follows:
of 1876. They arc as 1877.
The assessments for personal
vary
but little from those
,
Residents
Non-residents
Shareholders of ban1-8
....
$118,832,577
13,581,309
73,614,174
non-residents
1878.
65,179,320
$206,028,160
Total
‘While there is but little variation in the
upon
non-residents in theaggregate, the changes in detail are very
$197,532,075
assessments
residents and
numerous. Many
pany have re-elected the following officers: President, George M.
-Pullman; vice-president, Jose F. de Navarro; fecretary, Louis who were assessed iu 1877 have failed or removed, while many new names
inserted and the amounts assessed to others increased.
M. Brown; executive committee—Horace Porter, John Baird,
are
Garrison.
At a meeting of the Board of Directors of the Metropolitan
Railway on July 5, it was resolved to issue first mortgage bonds
to the amount of $600,00#, or £120,000, for each mile of road
belonging to the company. An instrument mortgaging the road
to the Central Trust Company, to secure the payment of the
bonds of $1,000, in American gold coin, payable in 1908, with
interest at the rate of 6 per cent, has been recorded in the
Register’s office. The instrument is dated July 10, 1878.
The suit of the New England Iron Company against the Gil¬
bert Elevated Railway Company and the New York Loan and
Improvement Company, for $4,500,000, was before Judge Sedg
and William R.
C,
‘
The assessments upon
follows:
r
the shareholders
of banks since
1873 have been as
aok^-iia
.
74,897,570 1877
73,390,989 | 1878
65
Ihe sum assessed for 1678 isjess than in any year since the present
assessment w;is adopted under the act of 1866. This decrease of $8,434,954
1874
18? 5
179,320
method
of
for 1878 is caused ch’efly by the reduction of the capital of nine banks to the
extent of $7,410,000, and the abandonment of bueiness by two banks with
! >300,000 capital.
One hew bank, with a capital of $300,000, has commenced
business, and one bank has increased its capital $50,000. Several of the banks
have met with considerable losses, reducing the value of their shares. It will
be
that the bank capital assessed in 1875 was $73,003,000, in 1876 $85,000,0C0, and in 1878 $65,000,U00. The increase in 1876 was effected under a con¬
of the law of 1866 which
enforced—a conseen
struction
had not previously
been
42
.THE CHRONICLE.
Ohio &
Court is
out
Mississippi.—Receiver King’s May
statement to the
follows, rendered in the usual summary form, with¬
separating the earnings and expenses by items :
as
Balance, May 1
Receipts
$37,706
296,574
....'
Total
...$334,580
Disbursements
262,55S
Balance June-1
The receipts exceeded the
disbursements
month.
9437681
Omaha &
$71,721
by $34,015 for the
Northwestern.—Official
of this road,
by Watson
decree of United States
Omaha.
notice is given that the sale
B. Smith, Master in
Chancery, under
Court, will take place, September 3d, at
Ottawa City (Ill.) Bonds.—In the suit of
Hackett against the
city of Ottawa, Ill., heard before Judge
Blodgett,
of the United
States Circuit Court, at
Chicago, the validity of bonds issued by
the city in 18G9^to aid in
increasing the manufacturing facilities of
Fox River, was
brought in question. The Court decided that the
issue of $60,000 worth of bonds for
what appeared to he a
private
enterprise was illegal, as the city charter did not
gr£nt
such
power.
He therefore
decided that the entire issue was void.
The
Supreme Court of the United States.
will be taken to the
case
Pennsylvania.—A statement of the business of all lines ooerated by the
Pennsylvania Railroad east of Pittsburg and Erie
for
May, 1878, as compared with
following:
the
A decrease in gross
earnings
A decrease in expenses of
of
the
month in
same
1877, shows
.
$60,005
61,032
A
decrease in net earnings of.
The five months of
1878, as compared with the
1877, show:
An increase in gross
earnings
A decrease in expenses of
An increase in net
of
$15,973
same
;
period in
$131,518
363,976
earnings of
$545,494
All lines west of
Pittsburg and Erie, for the five months of
deficiency in meeting all liabilities of $250,441,
over the same
1878, show
being a gain
a
period in 1876 of $216,525.
and Lake Freights.—In Chicago,
July 3, the
following freight rates, per 100 lbs., were agreed
upon, to take
effect at once :
Railroad, Canal
Chicago to—
New York.....
Baltimore
Philadelphia
Boston
■
Fourth class
and provisions.
18 cents
16 cents
18 cents
Flour,
Grain.
16
14
14
21
i3 cents
per barrel.
32 cents
28 cents
28 cents
42 cents
cents
cents
cents
cents
The last tariff adopted was on
May 17, when the rates to New
York were made 25 cents for
fourth-class and 20 cents for
grain.
Lake and Canal rates are now
If cents per bushel for wheat,
and If for corn from
Chicago to Buffalo, and 4£ cents for wheat
and
3| for
corn from Bufialo to New York—the
lowest rates ever
At Chicago a
through rate lor corn by lake and canal to
New York is reported at
5f cents.
The Buffalo Commercial
known.
showing the
by lake and
the
seasons
oanal in the
named :
month of
June,
LAKE
Year.
1870
1871
1872
Advertiser gives
average rates per bushel from
'
1875
1S76
1877
1878./.
.
Wheal.
Cts.
6-6
6-2
5*7
8 3
6 5
4-2
3-0
2 5
2-4
2*1
on
,
Corn.
Cts.
6-5
5-5
5-3
7-8
5-8
3 9
2-6
2*3
1*9
1-8
a
comparative exhibit
to New York
wheat and corn, for
Chicago
CANAL.
,
Wheal.
,
Corn.
Cts.
13 7
10-8
101
12’1
10'6
Cts.
11 7
9*6
91
11 0
9 b
11*3
10*3
6-9
6 2
5-0
6’3
5'4
4 3
4’1
4-7
|VOL. XXVII.
will be done in the course of a
very few months. Mr. Farley has
made contracts for the iron with
the Cambria Iron
Company, of
Johnstown, Pa. There is every reason to believe that
the Pem¬
bina Branch of the Canadian
Pacific will be completed as soon as
the St. Vincent branch of the St.
Paul & Pacific, in which case
the cars will be
running between St. Paul and Winnepeg by the
first day of the
coming October.
*
*
*
*
The news about the Alexandria
Branch is not less
satisfactory.
The road from Melrose to Sauk
Centre will be completed
by the
1st of August, and to Alexandria
by the 1st of October. The
iron and ties for this
portion of the line are also provided for, and
St. Paul and Alexandria will therefore
be united by the indissol¬
uble bonds of railroad iron ia less than
a
hundred days.
South Carolina
Railroad.—Attorneys for bondholders have
obtained an order from the Circuit
Court of the United States
for the District of South
Carolina, returnable in September,
requiring the South Carolina Railroad
Company and the Green¬
ville & Columbia Railroad
Company to show cause why they
should not be placed in the hands of
a receiver.
•
Tennessee
Debt.—Governor
Porter, of Tennessee, has ad¬
dressed to a citizen of that State an
open letter, reviewing the
growth of the public debt, and
stating
that its amount on the 1st
of January last was
$23,212,606. He says in conclusion :
“
I
am
clear in the belief that
our financial
condition is the
great barrier to
It has destroyed State and
vidual credit abroad, and has broken muncipal and seriously affected indi¬
down all confidence at home. The
banks and individuals who hold
money lock their vaults and refuse all ac¬
commodations to the borrower, under the
belief that, when public
are disregarded, a scheme will
obligations
be devised
by which individual contracts will
be ignored and avoided with the
same facility.
This
want
of confidence lias
locked up millions of
currency, which, if it could be placed in
would go very far toward the relief of
the people of Tennessee. circulation,
The holder
of even idle and
unemployed money esteems it now as more valuable
than
any species of property, and he cannot be
expected to change his opinion so
long as the.tenure of property is made doubtful
by a disregard of obligations.
Public opinion is fixed upon one
point—not to exceed an additional
levy of 30
cents, making the State tax 40 cents. This has
been the pledge of the De¬
mocracy lor the past four years. The special
report of the
prosperity.
in December, 1877. shows
Controller, made
that, according to the present
assessment, the tax on
property and merchants, at 30 cents, will yield a net
revenue of
to this the cash income of
$70,500 derived from the lease of the $714,046; add
with the revenue from
have
Penitentiary,
railroad, telegrapu
ample margin, inside of
acceptably to all concerned. Of
payer, but we owe the debt, and
conveniently. It is well enough
an
and sleeping-car
companies, we
which a settlement can be made
easily and
course, this wri’l be burdensome to the tax¬
debts are always troublesome and
never
paid
for the people to understand that whatever
settlement is made, money win be
required to meet the undertaking, and this
money will have to come from the pockets of the
tax-payer of the State.”
Texas & Pacific.—Texas
papers state that in the suit of
ScevenBon, Smith and others against
this company, Judge Duval,
acting as United States Circuit Judge of the western
district of
Texas, has rendered a final decree,
the
dismissing
complainants’
bills and holding that the
pretended-bonds of the Southern Paci¬
fic Railroad Company,
of which the complainants claimed to be
holders, had their origin in fraud. The amount
claimed was
about $500,000
Union Pacific.—The N. Y.
Sun, in analyzing the probable
recent legislation on the"
finances Si this
company,
gives the following : The new law defines “net
earnings” as the
amount left after
deducting from gross earnings the necessary
expenses actually paid during the year in
opera; ing the railroad
and keeping it in a state of
repair, and also the interest paid
during the year upon the first mortgage bonds.
The important section is aa
follows :
effects of
The company shall, on said
day in each year, pay into the Treasury, to the
credit of said sinking fund, the sum of
$850,000, or so much thereof as shall
be necessary to make the five
per centum of the net earnings,
* * * and
the whole sum earned by
it as compensation for services rendered for the
United States, together with the sum
by this section required to be paid,
amount in the aggregate to
twenty-five per centum of the whole net earnings
of said railroad
company. : * O *
i
Now, applying this rule to the Union
Pacific, it will work
follows, taking the year 1877 as a basis:
The gross earnings were
The operating expenses,
as
$12,473,203 86
including taxes
Railroad Stock Taxed.—The
5,273,421 69
Chicago & Alton Railroad Com¬
pany has commenced a suit in the Circuit Court
Surplus earnings
against the col
$7,199,782 17
Interest on first mortgage bonds
lectors of various counties in
Illinois to restrain them from
1,633,690 00
collecting taxes for the year 1874, assessed on the
Net earnings
capital stock of
the
$5,565,892 17
company, and from seizing or levying upon any of the
Now, the Government claims five per cent of the net
prop¬
erty of the corporation. The bill shows that the State
earnings,
Board of and will withhold all of the compensations due for its
Equalization in August, 1874, in addition to
transporta¬
tion
over the line of the road.
assessing the com¬
It will also exact as much of
pany for its track, right of way and other
tangible property, $850,000 as is necessary to bring the other amounts
proceeded to assess it on the capital stock of the
up to 25 per
separate corpo¬ centum of the net earnings.
rations of which the
Chicago & Alton was made up. The amount Five per cent of net
illegally assessed is claimed to be $34,343.
In the United States
Supreme Court the following case has just
been decided, viz.: No. 896—The
Indianapolis & St. Louis Rail¬
road
so
Company vs. James L. Vance, Collector of Edgar
County,
et al.—Appeal trom the Circuit
Court for the Southern District
of Illinois.
In this suit was involved the
question of the right to
tax the capital stock of the
complainant in the years 1873, 1874
and 1875.
The Court decides that the
assessment and intended
levy were legal.
St. Paul & Pacific.—The St. Paul
Pioneer Press of a recent
date said that manager J. P.
Farley reported all obstacles to the
Advancement of its lines removed, and that work
would be at once
pushed forward ou both the St. Vincent and Alexandria
lines,
and that both would be
completed by the first day of October
next.
Regarding the St. Vincent extension, the men are now in
the field, and the work of
preparing the road-bed for the
super¬
structure is rapidly
going forward. For 28 miles north of Crookston the road lias been ironed
since 1872 and extensive
repairs on
this portion of the line are
demanded. The grading from the end
•of the track to St.. Vincent will
also be proceeded with; and it
earnings is
$278,294 60
Government passenger transnortation
Government freight transportation
United States mail.
293,251 25
362,208 20
596,775 00
Total
Twenty five
$1,530,529 05
per cent of net
earnings
1,391,473 04
Consequently, there will be none of the $850,000 to be paid
over by the
company.
Not only this, but as the spirit of the
law is that 25 per cent of the net
earnings is the maximum de¬
manded, the Union Pacific will undoubtedly ask the
Secretary of
the Treasury to hand over the difference
of $139,056 02.
Supposing'that the
company gets off with 25 per cent of net
earnings, it is interesting to note how the stockholders
out
lor
dividends.
After paying 25 p°r cent, the net
earnings will be reduced to
Out of ttiis must come the interest on the
land grant and sinking
...
fund bonds; these two items
Amount left for dividends
The
amount to
will
come
*
$4,174,419 13
.,1,651,220 00
i
$2,523,199 00
capital stock is $36,762,300, and a dividend ..of 7 per cent
upon it would require a trifle more than the sum left after satis¬
fying the Government claims and paying interest
upon the
various issues of
bonds.
THE CHRONICLE.
July 13. 1878.1
COTTON.
glue Commercial ^imos.
Friday, P. M., July 12, 1878.
COMMERCIAL EPITOME.
Night, July 12, 1878.
Friday
just closed has witnessed a rapid progress in prepar¬
ations for the autumn trade, and generally results are as favorable
as could be expected.
Prices are now so low that dealers proceed
with more confidence.
Of course, dry goods is the first branch of
trade to exhibit life; hut in others indications are not wanting of
a fairly satisfactory
business for the coming autumn. Crop
accounts from the Northwest have not been so favorable the
The week
The Movement of TnE Crop, as indicated by our telegrams
from the South to-night, is given below.
For the week ending
this evening (July 12), the total receipts have reached 5,287
bales, against 5,949 bales last week, 6,879 hales the previous
week, and 10,721 bales three weeks since, making the total
receipts since the 1st of September, 1877, 4,248,551 bales, against
3,949,162 bales for the same period of 1876-7, showing an increase
since Sept. 1, 1877, of 299,389 bales.
The details of the receipts
for this week (as per telegraph) and for the corresponding weeks
of five previous years are as follows:
believed
New Orleans
1877-78.
Bacon and
1876-77.
hams, lbs.
Lard, lbs
Total, lbs...
Increase.
455,053,633
259,174,252
44,437,810
345,324,472
165,398,042
4,200,200
100,727,161
93,276,210
762,835,885
555,632,314
207,203,571
43,633,000
Pork, lbs
Kentucky tobacco has continued quiet, and sales for the week
only 550 hhds., of which 400 for export, and 150 for home con¬
sumption. Prices are about steady ; lugs, quoted at 2£@4£c., and
leaf 5£@14c. Seed leaf less active, but prices without important
1875.
1874.
1,175
1,243
2,364
825
313
109
205
82
347
267
355
421
966
no
194
*
1,409
98
353
95
903
689
384
235
676
546
389
324
338
281
3
8
1,021
1,011
....
14
...
1876.
1877.
1878.
Receipts this w’k at
serious damage has been done.
Mobile
Pork has been slow of sale, and closes unsettled and nominal; Charleston
Port Royal, &c
mess offered at $10 30 for this and the next two months, and
Savannah
$10 50 for October. Lard has improved, and prime Western Galveston
closed at $7 22£, spot ond August; $7 30 for September, and
Indianola, &c
$7 37| for October. Bacon and cut meats, though rather tending Tennessee, &c
upward, have been inactive. Beef and beef hams unchanged. Florida
Cheese and butter moderately active, and prices about steady. North Carolina
Norfolk
Tallow more active, but closed at 6 15-16c. for prime. Stearine
City Point, &c
has been active at 8£@9c., the latter price for choice city.
Total this week
The following is a comparative summary of aggregate exports
Total since Sept.
from November 1 to July 6, inclusive :
past week, but it is
43
«•-
•
1
36
848
2,032
....
1,319
•
7
5
439
173
108
139
247
611
399
564
439
3,079
68
IS
29
38
112
5,287
4,401
6,005
3,468
9,190
....
•
-
•
•
1. 4,248,551 3,949,162 4,070,775 3,467,933 3,782,677
exports for the week ending this evening reach a total of
5,163 bales, of which 3,663 were to Great Britain, none to
France, and 1,500 to rest of the Continent, while the stocks as
The
made up
stocks and
this evening are now 146,466 bales. Below are the
exports for the week, and also for the corresponding
week of last
.are
EXPORTED TO—
Weqk
ending
July 12.
season:
Great
Britain.
France.
variation; sales for the week are 1,494
Total
this
Week.
Conti¬
nent.
STOCK.
Same
Week
1877.
1878.
1877.
cases, as follows: 100 N. Orl’n8
3,343
10,460 21,038 48,327
1,300
2,043
1,253
7,473
1876 crop, New England, 10 to 20c.; 900 cases, 1877 crop, Mobile..
346
Charl’t’n
3,593
Ohio, 7 to 8$c.; 180 cases, 1876 crop, Ohio, 10c.; 250 cases, 1877
Sa van’ll.
\«1,202
2,138
crop, Pennsylvania, private terms ; 64 cases, 1876 crop, Pennsyl¬
*2,938 10,067
Galv’t’nvania, 14c.; and 100 cases sundries, 5 to 15c. There is nothing N. York.
200
13
213
4,949 102,206 115,888
new
in Spanish tobacco; 550 bales Havana were sold
at Norfolk1,483
4,237
210 16,000 30,000
Other*..
1,607
1,607
80c.@$l 05. •
There has been a better business in Rio coffee, and price haves Tot. this
been advanced, with offerings at the close quite limited; fair to
week..
1,500
15,619 146,466 221,723
5,163
3,663
prime cargoes quoted at 16@17c., gold,—stock here in first hands Tot.since
on the 10th inst.,
94,924 bags ; mild grades are also firm and
Sept. 1. 2118,402 497,301 679,044 3294,747 2987,009
The exports this week under the head of ‘otner pjrts” include, from Baltl
more actively called for.
Rice has been in demand and firm. more,
513 bales to Liverpool; from Boston, 925 baleB to Liverpool; from Phlla'
Molasses is still generally dull, but steady in the absence of delphia, 169 bales to Liverpool.
In addition to above exports, our telegrams to-night also give
superfluous supplies. Refined sugars have continued in demand us the following amounts of cotton on shipboard, not cleared, at
and firm at 9fc. for standard crushed.
Riw grades have the ports named. We add also similar figures for New York,
advanced under some speculative movement; fair to good refining which are prepared for our special use by Messrs. Carey, Yale &
Lambert, 60 Beaver street:
'
Cuba, 7£@7fc.
....
cases,
....
.
..
....
.
.
....
-
-
-
....
....
....
....
....
....
....
....
—
....
....
....
....
....
....
....
•
....
•
Stock
July 1, 1878
Hhds.
Boxes.
Bags.
75,224
11,225
911
141
11,935
21,637
138,205
41,678
41,184
138,699
247,878
Receipts since July 1, 1878
16.602
Sales since
Stock July
14,301
77,525
July 1, 1878
10, 1878
Stock
July 11, 1877
There have been
117,631
sales
Melado.
689
1,265
On
July 12, at—
Liver¬
pool.
657
1,297
2,224
Shipboard, not cleared—for
France.
*1-O
0
1
New Orleans
Mobile
0-
Is*
Coast¬
wise.
Leaving
Total.
2,750
None.
100
None.
2,850
None.
None.
None.
None.
None.
Stock.
18,250
1,253
during the past week of fully 8,000
200
200
None.
None.
None.
1,002
Savannah
hhds., mostly centrifugal grades.
None.
None.
None.
None.
None.
2,938
Galveston
In naval stores very little of importance has been done ; rosins
None.
800
None.
New York
99,506
*2,700
1,600
have been irregular at $1 42|'^1 47£ for common to good
200
None.
Total
5,750 122,949
3,550
1,700
strained ; spirits turpentine at 29c. Petroleum has latterly shown
* Included in this amount there are 300 bales at Presses for
foreign
more steadiness, owing to more limited offerings on the
part of ports, the destination of which we cannot learn.
From the foregoing statement it will be seen that, compared
refiners and improved Creek advices; crude, in hulk, quoted at
with the corresponding week of last season, there is a decrease
6^c., and refined, in bbls., 10|@llc. for July deliveries. Ingot in the
exports this week of 10,456 bales, while the stocks to-night
copper was lower and dull at 16@16£c. for Lake.
Lead has are 75,257 bales less than they were at this time a year ago. The
advanced to 3£c. for common domestic, after sales of 400 tons at following is our usual table showing the movement of cotton at
all the ports from Sept. 1 to July 5, the-latest mail dates:
3£c. Hides have remained firm, though trade has latterly fallen
EXPOR TED SINCE SEPT. 1 TO—
RECEIPTS SINCE
off somewhat.
Whiskey dull and nominal at $1 07@1 07|.
SEPT. 1.
Stock.
1 Other
Great
There has been a very good movement in ocean freight room ; Ports.
Total.
France.
Britain.
1877.
Foreign
| 1876.
rates have shown irregularity and weakness [owing to super¬
fluous offerings of tonnage, but at the close more steadiness was N.Orlns 1366,457 1175,778 809,056 325,406 303,280 1437,742 24,706
1,492
noticeable. Late engagements and charters include : Grain to Mobile. 411,930 356,786 106,331 26,146 31,566 164,093
487
Char’n* 457,556 468,962 131,935 70,355 103,584 305,874
Liverpool, by steam, 6£d. per 60 lb.; cheese, 45s. per ton ; bacon,
Sav’li..
2,027
595,050 474,760 176,247 36,351 138,748 351,346
30s.@32s. 61.; butter, in refrigerators, 1253.; grain, by sail, 6£d.;
Galv.*.
4,405
445,210 499,971 186,172 26,971 11,291 224,434
do. to London, by steam, 7£@7-fd.; flour, 2s. 6d.; do. by sail,
N.
York
376,431
47,108
106,673
143,001
120,680
9,217
320,106
2s. 3d.; grain to Avonmouth, by steam, 6£d.; do. to Glasgow, 7d.;
20,379
14,270
do. to Hull, 8d.; do. to Antwerp, 9^d.; do. to Rotterdam, 10@ Florida
43
N.
56,677
Car.
1,780 19,890
128,557
35,007
142,690
10^d., all by steam ; do. to Bremen, by sail, 7£d.; do. to Cork, for
2,929
Norf’k*
1,075
160,691
2,000
506,098 550,579 156,687
orders. 63. per qr.; do. to Havre, 5s. 6d.; do. to Antwerp, 5s. 6d.;
19,148 212,296 16,500
refined petroleum to Rotterdam, 4s. 31. per bbl.; do. to London, Other.. 161,002 148,306 193,148
4s.; do. to the Baltic, 5s.@5s. 3d.; do. in cases to Alexandria, 30c.* This
yr. 4243,264
12114,7391497,3011677,544 3289,584 158,333
gold ; do. to Salonica, 32c. To-day, business was rather moder¬
1
3944,758 2095,055'448,331!428,004‘2971,390*245,001
ate, but rates remained about steady.
Grain to Liverpool, by Lastyr..
Unaer the head of (Jharteuton Is included Fort Royal, &c.: under the head of
steam, 6f@7d.; do. to London, by steam, 7£d.; do. to Bristol, by
Galveston Is include! Indlanola, &c.; under the head of Noi'folk Is included City
steam, 7d.; do. to Bremen, by sail, 7|d.; do. to Cork, 'or orders
Point, <fcc.
os. 9d.@6?. 3d. per qr.; do. to Bristol channel, 5s. - 9d.; refine!
These mail returns do not correspond precisely with the total
petroleum to the Baltic, 5s. 3d.@53. 4£d.; do. in ci
o Con¬ of the telegraphic figures, because in preparing them it is alwaya
stantinople, 30|c., gold.
/
necessary to incorporate every correction made at the ports.
......
*
-
......
......
......
44
THE
The market re-opened on
strength.
CHRONICLE.
Monday last, exhibiting considerable
There
Ba’es
3,000
with some
in
of
the small stocks, enabled holders to maintain
prices on the basis of
11 7-16c. for middling uplands.
On
feeling
900
200
2,900
1.300.
Wednesday, however, the
scarcely so strong. To day, quotations were revised;
high grades were marked 1-16c. lower, and some of
the medium and low grades l-16c.
higher, middling and the
extreme low grades
remaining nominally unchanged. The specu¬
lation for future delivery opened
buoyantly. There was some
was
business done
the street while the Cotton
on
Exchange
unsettled feeling.
The total sales for forward
delivery for the week
11-12
800
300
11*13
11 14
11 15
118,900
bales, including — free on board. For immediate delivery the
total sales foot up this week
4,')47 bales, including 622 for
export, 3,381 for consumption and 544 for speculation. Of
the above,
bales were to arrive. The following tables show
the official quotations and sales for each
day of the past week:
Saturday, July 6,
to Friday, July 12.
UPLANDS.
ALABAMA. N. ORLE’NS
Sat.
Sat.
Mon
Ordinary
$ ft.
Strict Ordinary...
Good Ordinary.
9916
91016
10716
10*316
11*16
..
Strict Good Ord...
Low Middling
Strict Low Mid....
c2
Middling
Good
a
s
Middling
0
te
1176
Strict Good Mid...
Middling Fair
Fair
121*16
1.
139i6
..
11%
Strict Good Mid...
1178
12316 12316 123i6
123j6
Middling Fair
lliiio iijJe
121*16 121*16 121*16 121*16
137i6 137i6 13716 137] 6 13»i« 139i6 13»is
Fair
Tb.
Ordinary
12916 IF*
11%
Frl.
$ ft.
91^6
Strict Ordinary...
Good Ordinary.... 10716
Strict Good Ord... 1013i6
Low Middling
H116 11%
Strict Low Mid.... 11%
11516
Tb.
Frl.
9**i6
10716
1013ie
H116
12
12%
1338
12516
1213x6 12%
139i6 1312
12%
Sat.
Tb.
125i6
day.
J Con-
Til.
97J6
Frl.
97i6
91»ia 9*5i6
107i6 107i6 107J6
10%
H*16 11*16 11*16 11*16 11
Holi
689
381
807
806
....
600
22
.
Fri.
....
Dull, easy,rev.quo
.
Spec- Tran¬
port, sump ul’t’n
.
Total
sit.
91^6 9*^16
FUTURES.
Total.
Deliv¬
eries.
Sales.
150
394
•
•
•
•
....
....
622 3,381
544
....
25 500
400
1,223
15)800
32,700
15,900
29,000
1,000
4,547 118,900
2,400
806
698
300
700
delivery, the sales have reached during the week
118,900 bales (all middling or on the basis of
middling), and the
following is a statement of the Biles and prices:
Bales.
Ct8
100
10-42
100 s.n.Eth.10 46
200
10-46
600
10-47
700
10-48
400 8.U.13th 10 49
400
10*49
300 e.n.',5th 10-50
2,u00
10-50
,
'
2,700
.
10-51
900
1,000.
.
600
100
Ct<.
10,200
10-52
4.600
10-55
8,200
CtP.
..10-60
600
August.
....10-51
3,100
1,700.....
4,700
3,*00
Bales.
3,900
2,200
4,300
2,300
....
—
For
1.100
....
....
11-04
11-06
..
900
For May.
200
11-34
100
11-36
'
For March.
500
11-09
400
11-12
-06
•05
•OH
•09
•03
made
300
during the week:
pd. to exch. 300 July for Aug.
pd. to exch. 1,000 July for Aug.
pd. to exch. 200 July for Aug,
pd. to exch. 200 July for Aug.
pd. to exch. 700 July for Aug.
The
.
MIDDLING UPLANDS—AMERICAN CLASSIFICATION.
Fri.
Sat.
Mon.
Tues.
Wed.
Thurs.
*
Market—
*
J
;
August
September
October
November
December
11-50
11-55
11-25
1107
10-94
10-93
10-97
1103
•
•
•
J
:
•
>>
oS
c3
January
.
February
£3
O
0
M
March
w
April
1111
11-21
11-31
11-55
J
May
•
•
Transfer orders
Closed—
;
100%
4*81%
•
Exchange
11-52
11-56
11-26.
11 09
1096
10-95
1099
1105
1112
11-22
11-32
11-55
11-47
11-56
11-26
11-10
10-97
10-95
11-00
11-05
11-13
11-23
11-33
11-50
Dull.
Steady. Strong.
;
Gold
Fri.
Var’ble.Var’ble. Unset’d.Firmer.Var’ble.
1
July
;
100%
4-82
100%
4-82
11-51
11-56
11-27
11-46
11-51
11-24
11-12
1111
10-98
10-96
10-95
10-94
10-98
1104
11-02
11-06
11*12
11-24
11-34
11-55
Dull.
11-12
11-21
11-31
11-50
100%
100%
4-82%
4-82%
Easy.
Tiie Visible Supply of
Cotton, as made up by cable and
telegraph, is as follows. The Continental stocks are the figuresof 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 12), we add the item of
exports from the United States, including in it the exports of
Friday only: «
1878.
782,000
12,250
Total Great Britain stock
.
Stock at Havre
Stock at Marseilles
Stock at Barcelona
Stock at
Hamburg.
1877.
1875.
1876..
981,000 1 ,021,000 1,047,000
40,000
48,250
107,750
794,250 :L,021,000 1 ,069,250 lL,154,750
214,000
211,750
159,250
170,500
6,000
8,000
8,000
9,500
38,000
72,000
81,500
75,000
7,000
16,500
13,250
14,250
47,250
53,750
72,250
45,500
51,750
48,500
61,250
38,250
'
-A
Stock at Bremen
Stock at Amsterdam
'
Stock at Rotterdam
Stock at Antwerp
Stock at other conti’ntal
10,500
11,500
15,250
10,000
6,500
7,750
25,000
15,750
18,250
23,000
16,000
406,000
464,000
433,500
383,750
ports.
Total continental ports.,
4,750
Total European stocks.. .1,200,250
1,485,000 1,502,750 1,538,500
India cotton afloat for Europe. 201,000
347,000
403,000
601,000
Amer’n cotton afloat for
Eur’pe
83,000
145,000
Egypt,Brazil,&c.,aflt for E’r’pe
9,000
20,000
Stock in United States ports
Stock in U. 8. interior ports..
United States exports to-day..
146,466
10,347
221,723
16,078
300
1,000
..
.
Total visible
121,000
27,000
232,570
31,952
124,000
29,000
150,627
13,503
2,000
....
supply.bales.1,650,363 2,235,801 2,318,272 2,458,630
Of the above, the totals of American and other
descriptions are as
follows:
....10-55
40,500
For September.
1.000
2,000
.11*21 Ji
2.200
Bales.
Ct<>.
3,100
2,200
2,200
3,900
2,500
5,300
4,600.
11-24
....11-25
11-26
11-27
11-28
11-29
11-30
11-31
700
4,400
36,600
11-32
.
2,500
Liverpool stock
.
Continental stocks
American afloat to Europe..
United States stock
United States interior stocks..
.
For October.
500
11-04
615,000
328,000
83,000
146,466
10,347
United States exports to-day..
Total American
.bi
.
London stock
Continental stocks
India afloat for Europe
.
Egypt, Brazil, &c., afloat..
Total East India, &c.
Price Mid.
Upl., Liverpool..
300
635,000
385,000
145,000
221,723
16,078
1,000
596,000
313,000
121,000
232,570
31,952
611,000
193,000
124,000
150,627
13,503
2,000
....
.1,183,113 1,403,801 1,294,522 1,099,130
East Indian, Brazil, dic.-
Liverpool stock
839
981
For forward
For July
Bales.
11-09
100
600
following exchanges have been
.
day..
698
....
For April.
900
11-24
11-00
Frl.
1234
A
139i6 13*2
SALES OF SPOT AND TRANSIT.
Sat. J
Mon
Dull
Tues. Dull, easy
Wed
Dull, easy
Thurs Dull, easy
February.
300
named:
139lS°
MARKET AND SALES.
Ex-
3,000
1,100
»
....ll-lS
11-30
31-31
11-32
11-33
American—
Holi-
SPOT MARKET
CLOSED.
6,100
100
Cts.
100
500
500
500
500
following will show the closing prices bid for future
delivery, and the tone of the market at three o’clock P. M., on
the several dates
•
-
121%6
ll\
123a
Mon Tnes Wed
...$ ft.
Middling
like
123s
111**16
.
Good Ordinary
Strict Good Ordinary
Low Middling
Frl.
12
9Hl6 9Hi6 91*16 91*16
916i6 lOlje 10*16 10*16 10*16
1°716 10916 109i6 10916 10916
1078
101^16
10*oi6 11
11%
U316 11*4 H**16 11*4
11616 113s 11716 1138 11736
11716 11916
113X6
Middling
STAINED.
10-99
11-00
11-01
For
Bales.
.
9916
11%
11716 11716
HJie
Good Middling.... il7e i
111**16 1178
Strict Good Mid.
12316 ,1214 123j6
Middling Fair
12Hi6 '125Q
12Hic
Fair
13716 133s 137i6
Tb.
300
600
10-96
1102
ID03
11-05
1,700
*00 pd. to exch. 100 July for Aueust.
-29 pd. to exch. 200 Sept, for
Ju'y.
vl pd. to exch. 300 Sept, tor
Aug.
•05 pd. to exch. 1<0 July for Aug.
*27 pd. to exch. 100 Sept, for
July.
12**16
Ordinary
$ ft. 99i6
99ie 9916 99J6 911x6 91%6 91*16 91*16
Strict Ordinary
91*16 9iBi6 91*16 9**16
10*16 10*16 10*16 10*16
Good Ordinary.... 10716 10716
10716 107i6 109i6 10916
109i6
Strict Good Ord... 1013i6 10*316
101*16 101*16 101&16 101*16 10?16
101&16 1015i6
Low Middling
11*16 11*16 11*16 11*16 113i6
11316 11316
Strict Low Mid.... 11%
11%
11%
11%
113e
u46 1138 1138
Middling
11716 11716 11716 H716
11916
Good
1178
.
10-^8
200...
.30-95
10 98
The
200
800.
600
100
125i6
Toes Wed Tnes Wed Tnes Wed Tnes
Wed
Middling..
10-93
10-94
600
IF*
a
12&16
12*3x6
139ie
•
137x6
For December.
700
10-90
800
10-91
10-92
1,100
400
10i’3
100
10-94
200
10-05
600
10-96
500
10-97
For November.
500
.-...10-91
200
Tales.
Cts.
For January.
2,900
15,600
400
200
500
Cts.
10-99
11-00
800
800
113s
0
ip*
W
Mon.
9ilie
10*16
10916
1015i6
H316
2
1138
0
1178
123j6
123i6
12**16
137ie
Sat.
91%6
10*16
10916
IOIBjg
11316
c5
117*6
TEXAS.
Mon
2
11%
r—1
11716
Sat.
9916
9*%6
10716
1013i6
11*16
2
11*4
O
Mon
1,000
was
are
Bales.
11-11
.
2,900
most of the
closed, and as high as 11 ‘67c. paid for August; and the opening
prices on Monday were ll*59c. for July, 1162c. for August, ll*31c.
for September, and 11/lOc. for
October; but the close was several
points lower than these figures, and yet higher than the close on
the previous Wednesday.
There was a weak opening on Tues¬
day, under the disquieting political advices from Berlin, but there
was a
recovery later in the day, and the final close showed a
slight further advance. The reports of most of the Southern
cotton exchanges were
published on Wednesday, and were at
first construed
unfavorably, causing sales at ll*62c. for August,
11 ’32c. for September, llToc. for October and 11c. for
November
and December; but a closer
study of the reports showed that
they were fully as favorable to the crop prospects as could have
been expected; and when under an
attempt to realize, prices gave
way, transferable orders and July closing five points lower than
on
Tuesday, and only a slight and partial advance being main¬
tained for the later months.
Yesterday, the market was rather
stronger, transferable orders and July contracts recovering the
exceptional decline of Wednesday. To-day, there was a firmer
opening, but a decline of a few points toward the close and an
Ct*.
11-05
11-00
11-07
11-08
11 10
1,800
was a very fair demand for home consumption,
business for export and speculation, which,
view
[Vol. XXV11.
167,000
12,250
78,000
201,000
9,000
346,000
347,000
425,000
48,250
120,500
403,000
20,000
27,000
40,000
79,000
436,000
107,750
185,750
601,000
29,000
467,250
832,000 :L,023,750 1,359,500
.1,183,113 1,403,801 :L,294,522 l,099;i30
.
.1,650,363 2,235,801 i2,318,272 2,458,630
6%d.
7d
65ied.
578d.
These
figures indicate a decrease in the cotton in sight to-night
585,438 bales as compared with the same date of 1877, a
decrease of 667,909 bales as compared with the
corresponding date
of 1876, and a decrease of 808,267 bales as
compared with 1875.
of
At the Interior Ports the movement—that is the
and shipments for the week, and stocks
corresponding week of 1877—is
statement:
receipts
to-night, and for the
set out in detail in the
‘
-
following
sai B
July 13,
Week ending July
12, ’78.
Week ending July 13,
.’77.
•
Receipts Shipm’ts
Stock.
Receipts Shipm’ts Stock.
166
31
2,291
489
217
Memphis, Tenn..
Nashville, Tenn..
275
126
29
82
26
843
166
Total, old ports.
1,547
2,763
10,347
693
Dallas, Texas....
Jefferson, Tex.
Shreveport, La
15
38
10
24
10
305
7
Augusta, Ga
Columbus, Ga...'.
Macon, Ga
Montgomery, Ala
Selma, Ala
196
1,166
1,992
678
832
251
609
1,479
1,423
8,688
349
616
189
12
1,613
2,226
16,078
31
123
36
301
534
40
276
77
.
•
38
130
71
96
194
102
859
85
5
2
211
65
134
328
2,024
4,381
i.85
Vicksburg, Miss.
Columbus, Miss..
Eufaula, Ala
Griffin, Ga
Atlanta, Ga
Rome, Ga
Charlotte, N. C...
St. Louis, Mo
Cincinnati, O
96
322
106
192
75
27
25
85
'
6
566
718
16
21
10
260
..
..
7
64
2
276
409
166
....
....
.
.
.
....
.
1
....
180
211
1,551
3
289
260
3,380
i'20
196
169
458
358
2,330
163
79
70
438
805
1,233
3,302
558
1,118
6,052
Total, new p’rts
1,675
2,361
7,686
1,251
2,798
12,919
Total, all
3,222
5,124
18,033
1,944
5,024
28,997
....
The above totals show that the old interior stocks have
decreased daring the week 1,216 bales, and are to-night
bales less than at the same period last year.
The receipts at the
same towns have been 854 bales moi'e than the same week last
5,731
year.
Plantations.—Referring to our remarks
previous issue for an explanation of this table, we now bring
figures down one week later, closing to-night:
Receipt from the
in
a
the
RECEIPTS
Week
ending—
May
“
3.
10.
“
17.
“
24.
“
31.
Jhme 7.
“
14
“
21.
“
23.
July 5.
“
12.
Total.
Receipts at the Ports.
1876.
1877.
16,560
26,441 17,309
19,995 16,288
16,330 12,147
13,810
9,669
10,456 9,390
8,526
8,444
10,493 8,526
6,519
8,559
6,102
8,661
4,404
6,005
26,002
.
155,196 115,440
1878.
PROM
PLANTATIONS.
Stock at Inter’r Ports
1876/ 1877.
31,196 115,076 107,534
24,252 106,301 97,696
20,797 99,966 86,376
19,732 92,916 79,009
18,220 87,711 67,786
12,380 82,569 57,509
11,231
10,721
6,879
5,949
5,237
76.054
1878.
75,550
65,770
56,433
46,305
39,025
34,154
52,154 29,315
45,769 23,287
61,078 35,811 21,240
57,865 32,077 19,675
53,736 23,997 18,033
67,712
166,644
9,230
8,605
5,314
1,929
2,151
1,925
5,446
1,876
4,7c0
9.604
10,940
.
.
•
•
3,171
2,141
..
w
2,368
1,324
7,509
6,392
4,693
4,832
4,384
3,645
83,106 33,243 94,835
although the receipts at the ports
5,287 bales, the actual from plantations
were only 3,645 bales, the balance being drawn from stocks at
the interior ports.
Last year the receipts from the plantations
for the same week were 1,324 bales, and for 1876 they were 1,876
past week were
bales.
Telegraph.—There appears to be no
change in the nature of the weather over a very considerable
portion of the Southwest. In Texas—more especially in the coast
counties, but to a less extent almost the whole State—showers
have continued very frequent and the anxiety has decidedly
increased.
In Arkansas, also, and in parts of Tennessee, Louisiana
and Mississippi the rain is greatly complained of, and much harm
must result unless there is a speedy change.
In the Atlantic
States and in the most of Alabama, much of Mississippi and a
part of Louisiana, the crop has made good progress during the
Weather Reports by
week.
Galveston, Texas.—It has rained hard on
Cf
five days of the week,
preventing work and endangering the crop from caterpillars.
The prospect is getting gloomy.
Average thermometer 83, high¬
est 93 and lowest 73.
The rainfall has reached two inches and
hundredths. There is a great demand for poisons.
Indianola, Texas.—We have had showers on three days, and
the rest of the week has been cloudy. Caterpillars have appeared,
and although the injury done is as yet limited, much damage is
feared unless we can have sunshine.
The thermometer has
averaged 81, with an extreme range of 91 and 72, and the rainfall
has reached sixty-three hundredths of an inch,
Coi'sicana, Texas.—There has been hard rain on two days this
week, the rainfall reaching ninety-nine hundredths of an inch.
The crop is mainly doing well; but grass is growing rapidly,
making work and dry weather necessary. Average thermometer
80, highest 99 and lowest 69.
Dallas, Texas.—It has rained hard on two days this week, with
a rainfall of ninety-five hundredths of an inch.
Weeds are grow¬
ing so fast they are becoming very troublesome. Some land has
been already thrown out, and more will follow unless we have dry
weather. Much damage has been done. Average thermometer
80, highest 97 and lowest 68.
Brenham, Texas.—We have had hard rain on five days, the
rainfall being two inches and thirty hundredths. Planters are
getting discouraged. No serious damage has yet been done, but
the grass is getting troublesome, and worms have appeared.
Active preparations to poison them have been made, but the use
seventy-two
poisons is prevented by the constant showers, and unless
dry weather sets in within a week there is apt to be disaster. The
of the
thermometer has
lowest 77.
averaged 83, the highest being 94 and the
New Orleans, Louisiana.—It has been
week, the rainfall reaching thirty-eight
The thermometer has averaged 82.
Shreveport, Louisiana.—There has
showery three days this
hundredths of an inch.
been a slight improvement
in the cotton crop of this section over last week, although too
much rain has fallen.
Creek bottoms in uplands and low black
lands in river bottoms have suffered greatly in consequence of the
The corn crop is very fine. Rains are generally
excessive rain.
of a local character, but numerous. The thermometer has ranged
from 94 to 72, averaging 84, and the rainfall has reached two
sixty-four hundredths.
Vicksburg, Mississippi.—The thermometer has averaged 80 dur¬
ing the week, the extreme range having been 71 and 97. It has
rained on two days, the rainfall reaching twenty hundredths of
inches and
an
inch.
has ranged from 77
rained on two days,
the rainfall reaching one inch and twenty-seven hundredths.
Grass is doing considerable damage to cotton in all low lands.
Little Rock, Arkansas.—There has been rain on four days this
week, causing much discouragement among planters. Complaints
are growing
more general than at any previous date. The weather
is clear now, but there are indications of more rain during the
day. Average thermometer 88, highest 91 and lowest 71. We
Columbus, Mississippi.—The thermometer
to 94 during the week, averaging 86.
It has
a rainfall of three inches and thirty-eight hundredths.
Nashville, Tennessee.—We have had rain on four days of the
week, with a rainfall of three inches and forty-one hundredths.
The thermometer has averaged 82, the extreme range having
have had
been 73 and 90.
Memphis, Tennessee.—It has rained on six days this week end¬
ing Wednesday, but it is now clear and hot. The rainfall has
Rec’pts from Plant’ns been one inch and twenty-six hundredths.
The thermometer has
averaged
being
and
82,
the
highest
93
the
lowest
73.
1877.
1878.
1876.
Mobile, Alabama.—It has rained on five days, the balance of
20,252 7,020 17,604 the week having been fair.
We are having too much rain for
17,666 7,471 14,472 cotton, and caterpillars have appeared.
The thermometer has
13,660 4,968 10,760 averaged 83, with a range of 96 and 75. The rainfall has been
This statement shows us that
the
45
THE CHRONICLE.
1878. |
seventy-two hundredths of an inch.
Montgomery, Alabama.—Rain has fallen on one day this week,
the rainfall reaching sixty-two hundredths of an inch, and the
balance of the week has been cloudy and hot.
Crop accounts
from the interior are conflicting.
From the prairies comes a com¬
plaint that the plant is fruiting poorly, but sandy lands are
promising. We hear rumors of the appearance of caterpillars,
but think them of very little importance.
The thermometer has
ranged from 74 to 94, averaging 84.
Selma, Alabama.—The weather has been warm and dry all the
week, the thermometer averaging 83. The crop is developing
promisingly.
Madison, Florida.—We have had rain this week on six days,
the rainfall reaching two inches and fifty hundredths. The ther¬
mometer has averaged 73, the highest point touched having
been 76 and the lowest 70.
Crops are doing well, but we are
having too much rain.
Macon, Georgia.—There has been no rainfall during the week.
All accounts of the crop in this section are most flattering, and
we will certainly have
a splendid crop.
Planters would like a
good rain, but can do well without it. The thermometer has
averaged 81, the highest being 99 and the lowest 67.
Columbus, Georgia.—Caterpillars have certainly appeared in
this vicinity, though the injury done is as yet limited. There has
been no rainfall during the week, but the weather is now threat¬
ening. The thermometer has averaged 84.
Savannah, Geargia.—It has rained here on three days, the
rainfall reaching two inches and thirteen hundredths, but the
rest of the week has been pleasant.
The thermometer has aver¬
aged 80, the highest being 90, and the lowest 73.
Augusta, Georgia.—The weather during the week has been
hot.
It has been showery three days, the rainfall reaching eigh¬
teen hundredths of an inch.
The crop is developing promisingly
and accounts are good.
Average thermometer 85, highest 101,
and lowest 72.
Charleston, South Carolina.—The weather has been warm
dry all the week. Average thermometer 83, highest 92
lowest 76.
The following
and
and
statement we have also received by telegraph,
showing the height of the rivers at the points named at 3 o’clock
July 11, 1878.
We give last year’s figures (July 12, 1877) for
comparison:
New Orleans
Memphis
Nashville
Shreveport
Vicksburg
July 11, ’78. July 12, ’77.
Feet. Inch.
Feet. Inch.
Below high-water mark
. .
5
Above low-water mark. .J 20
Above low-water mark...
3
Above low-water mark... 22
Above low-water mark... 33
0
2
6
5
6
4
21
2
17
38
5
3
9
5
2
New Orleans reported below high-water mark of 1871 until
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.
Comparative Port Receipts and Daily Crop Movement.—
A comparison of the port movement by weeks is not accurate,
as 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¬
stantly have before him the data for seeing the exact relative
movement for the years named.
First we give the receipts at
each port each day
of the week ending to-nighf.
46
THE
TORT RECEIPTS FROM
New
of
Or¬
we’k leans.
D’ye
Sat..
Mon
,
Mo¬
bile.
SATURDAY, JULY 6, ’78, TO FRIDAY, JULY 12, ’78,
Char¬ Savan¬ Galleston. nah. vest’n.
Nor¬
folk.
187
23
20
37
71
68
179
89
15
154
79
100
Wil¬
All
ming¬ others.
ton.
296
....
320
40
135
105
160
Wed
137
22
G
295
215
103
Tliur
174
13
100
108
50
80
5
Fri..
178
1G6
13
174
2G
100
Tot’l
1,175
313
194
903
546
611
•
•
•
15
Year
1877.
Sept’mb’r
98,491
578,533
822^493
October..
Novemb’r
Decemb’r
900,119
689,610
472,054
340,525
197,965
96,3Li
42,142
January
February.
.
March.
April
May
..
1876.
..
..
June
138
840
930
238
1,013
18
796
144
674
3
374
1,034
319
1,226
5,287
236,^68
169,077
675,260
901,392
787,769
500,680
449,686
182,937
100,194
610,316
740,116
821,177
637,067
479,801
300,128
163,593
92,600
42,234
1874.
1873.
1872.
134,376
536,968
676,295
759,036
444,052
383,324
251,433
133,598
81,780
56,010
115,255
355,323
576,103
811,668
702,168
482,688
184,744
444,003
530,153
524,975
569,430
462,552
309,307
332,703
173,986
127,346
218,879
173,693
72,602
59,501
9G-7S
98-85
This statement shows that up to
ports this year were 293,491 bales
bales more than at the
above totals to July 1 the
be able to reach
an
exact
1877-78.
95-59
July 1 the receipts at the
than in 1876 and 182,137
more
time in 1875.
same
98*22
By adding to the
daily receipts since that time,
we
shall
comparison for the different years.
1876-77.
1875-76.
1874-75.
1873-74.
‘
“
3....
“
4....
“
5....
“
6....
“
7....
“
1,176
.
1,864
2,518
1,009
2,067
761
818
1,163
367
840
914
961
780
849
1,184
656
452
3,045
S.
8....
930
“
9....
1,013
“
10....
796
798
“
1,128
11....
674
634
694
12...'.
1,034
479
1,485
“
Total..
650
S.
.
815
S.
668
S.
679
872
S.
465
1,315
726
S.
3,201
1,289
1,505
1,006
3,782
1,323
S.
3,851
3,572
3,890
2,272
S.
4,539
4,248
2,931
3,183
3,074
2,665
4,248,551 3,948,864 4,068,680 3,465,716 3,751,150 3,528,247
Percentage of total
97-79
97-08
99-10
98-61
96-63
This statement shows that the
receipts since Sept. 1 up to
to-night are now 299,687 bales more than they were to the same
day of the month in 1877, and 179,871 bales more than they
were to the same
day of the month in 1876. We add to the last
table the percentages of total
port receipts which had been
received July 12 in each of the years named.
Bale
of
New Cotton.—We. should have added last
that the bale of
new
York from Cameron
June 30.
cotton mentioned
very
week
having arrived in New
County, Texas, passed through New Orleans
as
The first arrival of Texas cotton at New Orleans last
year was July 10.
Bombay ys. Manchester.—The
some
Floating
.
Total
Liverpool Post has published
interesting articles of late, suggested by the strike of
the cotton mill hands
against the 10 per cent reduction in wages.
an
analysis and comparison of the cost
In its issue of June 21 is
of manufacture in India and Manchester.
was written with the
object of
Of
course
the article
would be
as
follows
At the close of 1874 there were about
37,500,000 spindles at
work in Great Britain.
In 1877 there were about
39,500,000.
The average for the three years
was about 3S,500,000.
The num¬
ber of looms at the end of 1874 was
463,000; in 1877 there were
about 470,000—making an average
of 466,000 for the three'years.
The average cost of building a
spinning mill, including machinery,
is about £1 6s. per spindle.
The average cost of building a
weaving shed, including machinery, is about £26 per loom. The
floating capital employed by spinners and manufacturers is gener¬
ally estimated at about £30,000,000. The total capital, fixed and
named would, therefore, be
Spindles, 38,500,000. at 26s. each
Looms, 466,000. at £<26 each
Floating capital
Total
:
;
as
£*0.050,000
12 116,000
30,000,000
£92
166,000
The average weight of cotton
spun per annum in the three
years was about 1,259,000,000 lbs., and the average loss in
,
spin¬
ning 149,000,000 lbs. The weight of yarn produced, therefore
was 1,110,000,000 lbs.
Of this quantity, about 223,000,000 lbs’
*‘25‘5
.
“
7,500,0.0 “ 25*0
“iTI
;
£8,411,718
2.692,708
2,3 5,729
,
*.
832,000
1,110,000
Total
ing to the Board of Trade returns, £15,617,000.
It is generally stated that it costs about twice as much to
put
up a mill in India as it does to erect one in Lancashire.
The
amount of floating capital would
probably be about the same in
both places.
On this basis the capital employed would compare
as
follows:
•
•
,
England.
£11,611,060
Spindles
Looms
India.
£23, *22, COO
3,089,000
7,500,000
Floating
.
$22,200,000
The
wear
6,178,000
7,500,000
£36,900,000
and tear of
machinery is mostly estimated at ten per
This on £29,400,000 would be £2,940,000.- The
cent per annum.
interest on capital would be taken at 8
per cent, or a total of
£2,952,000. The average price of Dhollerah during the three
years was 1G8£ rupees per candy.
The average rate of exchange
was Is. 9 7-l6d.
The average price per pound was,
therefore,
4$d. The local expenses would be l-16d. per lb., bringing the
cost up to 4 ll-16d.-~ The loss in
working is probably not less
than 18 per cent.
To produce 258,000,000 lbs. of yarn and piece
goods would, therefore, require 314,000,000 lbs. of cotton/which,
at 4 ll-16d. per lb., would cost
£6,132,812.
The amount paid in wages, on the
English basis of l£d per lb.,
on 314,000,000 lbs. of cotton
spun, and 226,000,000 lbs. of yam
woven ('i.e., the equivalent of the
imports from England), would
be £2,812,500.
At Bombay about 30 per cent of the people
engaged in the mills receive about double the rate of wages paid
in England; but the
remaining 70 per cent only about one-fourth
of the English rate.
On this computation the amount paid for
wages would be only £2,179,687, against £2,812,500. The sundry
expenses on the English basis of l£d. per 314,000,000 lbs. of cot¬
ton spun, andj226,000,00® lbs. of
yarn woven would be £2,413,541.
The cost in Bombay would probably be about 15
per cent more
than this; say a total of £2,775,571.
The cost of producing the
yarns and goods exported to India, if
made in Bombay, would,
according to the foregoing computations,,
Amount
years
23 2 per cent.
or
£15,102,155
This estimate cannot be far
astray, as the average value of the
yarns and goods exported to India in the three years was, accord¬
Paid in sundry expenses
readers.
floating, employed in the
3,089.000
:—
Cost of ccr ton consumed
Amount paid iu wages
Paid-in sundry expenses
Wear and tear of machinery
Interest of capital
to
follows:
£22,200,000
<
production of the 258,000,000 lbs. of yarns and goods
exported to India would require 291,000,000 lbs. of cotton, the
loss in weight being about 111
per cent.' The average price of
the cotton spun in 1874-76 was 6 15-16d.
The cost of 291,000,000
lbs. would, therefore,
b^”'£8,111,718. The amount paid in wages
would be l£d per lb. for
spinning 291,000,000 lbs. of cotton, and
l^d. per lb. for weaving 226,000,000 lbs. of yarn, or a total of
£2,692,708. Sundry expenses, coal, gas, oil, rates, &c\, would be
l£d. per lb. on the cotton spun, and Id. per lb. on the yam
woven, or a total of £2,305,729.
The wear and tear of machin¬
ery we estimate at 6 per cent on £14,700,000, or £^82,000 ; and
the interest on capital at 5 per
cent on £22,200,000—or £1,110,000.
On the basis of the
foregoing calculations, the cost of producing
the yarns and goods exported to
India, on average, in 1874-76,.
illustrating the necessity for lower
in Great Britain, if the Manchester spinner would continue
to compete with the Bombay
spinner for the India trade. The
figures, however, have a wider application, and will be of interest
wages
our
£92,166,000
sent to India.
The
..
port receipts
£11,611,000
1872-73.
Tot.Je.30. 4,238,246 3,939,755 4,056,109
3,456,872 3,736,741 3,490,338
948
July 1....
S.
486
1,073
3,684
1,456
2....
970
S.
1,541
543
806
“
Employed in makirg goods
employed.
‘£50,050,000
12,116,000
30,000,000
=
Looms
Perc’tage of tot. port
97"56
Total capiral
Spindles
Tot. Je.30 4,238,246 3,939,755 4,056jl09
3,456,872 3,736,741 3,490,338
receipts June 30..
exported in yarn, leaving 887,000,000 lbs. for conversion
goods. The export to British India, exclusive of Ceylon and
the Straits Settlements, consisted of
32,000,000 lbs. of yarn and
1,133,000,000 yards of piece goods. The latter averaged about five
yards to the pound, and weighed altogether about 226,000,000 lbs.,
or, with the yarn, 258,000,000 lbs.
The shipments to India conse¬
quently represented 23*2 per cent of the total quantity of yam
spun, and 25*5 per cent of the piece goods manufactured.
Assum¬
ing that tlje capital employed in producing the yarns and fabrics'
exported to India represented 23*2 per cent of the total sum
invested in spindles, and 25 *5 per cent invested in
looms, and 25
per cent of that floating, we get at the following result:
were
follows:
as
Begimiin g September 1.
1875.
68,939
36,030
•
Total
,
314
....
The movement each month since Sept. 1 has been
Monthly
Receipts.
[VOL. XXVII.
into
Tues
•
CHRONICLE.
be
as
follows:
Cost of cotton consumed
paid in
£6,132,812
wages
Wear and tear of
Interest of capital
2,179,68T
2,775,571
2,940,000
-
machinery
\
;
2,952,000>
Total
..
This
we
£16,980,070
computation is based
have received.
upon the highest estimated of cost
We believe that at the most
recently erected
mills the expenses of
building and working are much less than
the estimates upon which the above calculations are
based.
To the total cost in England we must add 15
per cent for freight
and shipping expenses to India, and about
duties;
we
Bombay:
£700,000 for import
then get the following total, compared with the cost in
Cost in England, as above
Add 15 per cent for freight,
Add import duties
Total cost in India
Cost of production in
Balance in favor of
£15,402,155
&c
.
.
Bombay,
as
above
*
2,302,823
700,000
£18,404,978
16,930,070
Bombay
£1,424,908
Even the total abolition of the import duties would still leave a
balance of £724,908 in favor of Bombay, and this on the basis of
the highest estimates of cost of production.
*4
July
THE
13, 1878.]
CHRONICLE.
Detailed Cotton Exchange Acreage Reports for July
1.—We give below, in full, the Cotton Exchange Acreage Reports
for J uly 1.
Norfolk Department.
TheNorfolk Cotton Exchange (EL S. Reynolds, Chairman; W. D. Rountree,
And R. P. Barry, Committee on Information and Statistics) issues the following
report, covering the State of Virginia and the following Counties in North
Carolina: Rutherford, Lincoln, Catawba, Rowan, Davidson, Iredell, Burke,
Wilkes. Caldwell, Alexander, Davie, Forsythe, Yadkin, Stokes, Surrey,
Rockingham, Caswell, Person, Granville, Warren, Franklin, Nash, Wake,
Hyde, Pitt, Green, Cartaret, Craven, Beaufort, Tyrrel, Washington, Martin,
Bertie, Chowan, Pasquotank, Camden, Currituck, Gates, Hertford, Northamp¬
ton and Halifax.
North Carolina and Virginia.—38 replies from 23 counties.
Five report the weather in June as cool and thirty-three cold and less favor¬
able than last year. Three report that the rains slightly interfered with cultiva¬
tion and thirty-five report no interruption. Seventeen report a decrease in
lands planted, owing to its having been plowed up and put in corn because of
the poor stand.
Six report the stands fair, but few forms, and thirty-two
report the stands poor and very few forms. Sixteen report the present condi¬
tion good, but the plant very small; twenty-two report the condition bad and
the plant small. All say that the condition is not so.favorable and from ten
to fifteen days later than last year. The weather for the first three weeks was
cold and unfavorable, but the,last few days it has been more, favorable and the
condition has somewhat improved.
Charleston Department
the State of South Carolina, and is
Charleston Cotton Exchange,
their
covers
through
prepared and issued by the
Committee
on
Information and
well.
47
Many complain that the cotton is growing too much to weed, with
some rust.
favorable
as
Heavy rains have injured the crop, and the prospect is not
at this date last year.
Mississippi.—120 reports from 32 counties.
One hundred and eight complain of very heavy rains during the
greater part
of the month; eighty-nine report the weather less favor ible than
during the
same time last year; thiiteen the same, and
eighteen more favorable ; eightyone report that rains have prevented
cultivation of the crop, causing serious
damage and loss; forty-nine report 2 to 15 per cent of their crops abandoned.
No increase of acreage is reported ; sixty six report stands not gojd and not
fruiting well, in consequence of too much rain and, in some cases, bad seed;
thirty-four report stands fair and good; ninety answer that the present condi¬
tion is not good, much of the crop being in grass and
growing too much to
weed; seventy-seven report the condition worse than last year, many com¬
plaining of rust and blight, causing the cotton to stop growing; twenty-nine
report tUe condition the same as, and 14 better, than last year.
Arkansas.—38 replies from 19 counties.
Th’rty-five complain of too much rain; thiity-two state that the weather
has been less favorable than last year; three the same, and three more favora¬
ble. Thirty report that rains have prevented cultivation of the crop, twentyseven state that from 2 to 15 per cent of the crop has been abandoned in con¬
sequence of incessant rains drowning out the crop on the low lands.
Fourteen report the stands notgood and not blooming or forming well; ten
report the stands fair, and thirteen good Twenty-four report tne present
conditon of the crop not good, being grassy and much of it affected with rust;
thirteen state the crop is in from fair to good condition; \twenty-three report
the condition worse than last year; eleven the same, and'four better than In
June, 1877. There is a slight decrease in acreage In this State as compared
wi;h last year, owing to abandonment of portions of the crop.
,
Statistics, composed of Robert D. Mure, Chairman, L. J. Walker, and A. W.
Galveston Department
Taft.
South Carolina.—Condensed from 75 replies from 23 counties.
The early part o£, June is generally reported too cool and in several counties
too wet. The latter part of the month was all that could be desired. Fiftyeight replies report the weather for the month favorable and seventeen less
favorable than last year.
No material damage has occurred from r-ins,
though a severe hail-storm prevailed in several counties on the 9th of June.
No change is reported in the extent of acreage planted. The stands, except in
a very few instances, are reported from good to very good, and
forming and
blooming well, except in some of the upper counties, where the plant has not
yet commenced to bloom. The condition of the crop is reported by sixty-four
better than last year, and about ten days earlier; by seven about the eame,
and by four not as good. Seven report the cotton on sandy lands dying from
a disease called sore-shin, and four
report damage from cut-worms and lice.
The reports upon the whole are very favorab e for a good crop.
Savannah Department.
This report covers
the State of Georgia and the State of Florida. The report
is prepared and issued by the Savannah Cotton Exchange, through their
Committee on Information^ and Statistics, composed of J. H. Johnston,
Clavius Phillips, J. J. Wilder, L. G. Young and K. M Oppenheimer.
Georgia.—116 replies from 58 counties.
The weather in some sections has been the past month all that could be
desired. In portions, however, there are complaints of too much rain. On
the whole, the season has been more favorable than last year
No damage
has yet resulted from the rains, only
the grass and the plant grow off rather too
There has been no increase or decrease in the lands p’anted in
report. The stands are good-and the plants blooming and
fruiting well. The condition of the cr >p is good and more promising than at
this date last year.
The plant is more forward, the cultivation better and the
prospect of a gcod yield more cheering than last year.
covers
the State of Texas, and was prepared and issued by the Galveston Cotton
Exchange, through their Committee on Information and Statistics, composed
of John Focke, Chairman, J. M. King, H. I. Anderson, Charles Vidor and
H. Dreier.
Texas.—104 replies from 66 counties.
The character of the weather since June 1 has been favorable in twenty-six
counties and unfavorable in forty; it has been more favorable in forty-three
and less favorable in twenty-three counties, as compared with that of the
period last year. Continued rains have prevented cultivation in many
counties, one county reporting 50 per cent Jess, five counties 33 1-3 per cent,
same
two counties 25 per cent,
Florida.—27 replies from 12 counties.
The weather has been seasonable, with, perhaps too much rain in certain
localities. No damage has resulted therefrom, however, beyond
making the
work harder to clear the fields of grass. The area of land planted in cotton
remains about the same as in the last report. The stands are reported
good
and the plant blooming and fruiting well. The crop is in fine condition and
looks better than at this pe iod last year—more forward and better cultivated.
In the Sea Island district the condition of the plant is better than at this time
last year, though not so forward.
Mobile Department
covers the
being caused by rains; forty-six counties report stands good, blooming and
fruiting well, and twenty counties report cotton doing badly. The present
condition of the crop is reported good in forty-five counties and poor in
twenty-one counties. As compared with last year the condition is better in
thirty-seven counties, the same in ten and not so good in nineteen. Abun¬
dant rains have fallen in coast and western counties. Crops, however, are
doirg well, being earlier thau last year. Worms have appeared in small
numbers in four counties, but planters are well supplied with poisons. In
eastern and
northern Texas excessive rains have been very injurious to
crops. Fields are in grass and cotton has run to w>>ed.
Complaints of
shedding and rust come from several counties. Dry weather is very much
needed to mature crops and develop those which are now backward.
•
of Alabama as far north as the summit of the Sand
Mountains, and the following counties in Mississippi: Wayne, Clarke, Jasper,
Lauderdale, Newton, Kemper, Nesholso, Noxubee, Winston, Lowndes,
Oktibiba, Colfax, Monroe. Chicasaw, Itawamba, Lee, Pontotoc, Prentiss,
Alcorn and Tishamingo. The report is prepared and issued
by the Mobile
Cotton Exchange, through their Committee on Information and Statis¬
tics, composed of T. K. Irwin, chairman, Julius Buttner, A. M. Willmarth. J.
C. Bush and S. Haas.
Alabama.—97 replies from 45 counties.
The character of the weather since Jane 1 is reported
by twenty-t vo coun¬
ties good to very favorable ; twenty-three'connties report too much rain. As
compared with last year, seven counties report the weather favorable, twentyseven more favorable and eleven less favorable, the latter
being black land
counties. Thirty-two counties report no change in
acreage, and thirteen a
slight decrease since June Lowing to excessive rain?. Stands are reported
and
good,
blooming and forming well in twenty-eight countie*; tolerable to
fair in seventeen counties. The present condition of the
crop is reported
good in thirty-six counties, in five fair, andjnot good in four counties. Com¬
pared with last year, twenty-seven counties icport the condition of the crops
better, ten counties the same and eight counties not so good,
Mississippi.—44 replies from 19
The weather
■eighteen count
during June is reported
counties.
as
follows:
One county favorable
•
es too much rain.
As compared with the same period last
year, three counties report the weather more favorable and sixteen lees so.
There has been no acreage planted since June 1 in
any of the nineteen coun¬
ties, but thirteen counties report an average of 10 per cent of lands abandoned
by reason of excessive rains, one county reporting as much as 33 per cent and
three as low as 3 per cent. Cotton stands are r
ported from six counties as
good aud blooming and forming well; one county stands good, no blooms,
but
forming well; five counties stands fair, blooming and forming better on
uplands than low lands ; seven counties stands imperfect to poor, not bloom¬
ing or forming well. The present condition of the crop is reported by eleven
counties not good, and grassy; and by
eight counties from fair to good. As
compared with last y.ar, seven counties report the condition the same, three
better and nine not so good.
New Orleans Department
covers that
s>
part of the State of Mississippi not apuorlioned to the Memphis
and Mobile Cotton Exchanges; the entire State
of Louisiana and the State
0 f Arkansas, south of the Arkansas River.
The report is prepared and
i ssued by the New Orleans Cotton
Exchange, through their Committee on
Information and Statistics, composed of VYm. A.
Gwyn, Chairman, L. F.
Berje, Jesse S. Flower, JohnM. Witherspoon, Cyrus Bussey, Jules Mazerat
Otto Heyn, J. M. Frankenhnsh, R. L. Moore.
’
Louisiana.—90
*4
replies from 36 parishes.
Fifty-two report-the weather less favorable; twenty-eight more favorable
and ten the same as last year; two
report an increase in acreage since last
report of two and 5 per cent respectively; twenty-six report a decrease of 2 to
20 per cent, caused by abandonment of
crops in low lands, which were
drowned out by excessive rains, and sixty-two
report the acreage the same as
in last report; forty report the condition of
the crop worse; thirty-four
better, and sixteen the same as last year. Stands are
reported net. good by
twenty-one. A 1 o.hers report fair to good stands, blooming and forming
J
Nasliville Department
the Tennessee River, and the following
Alabama:—Lauderdale, Franklin, Colbert, Lawrence, Morgan,
Limestone, Madison, Marshall, Jackson, DeKalb and Cherokee. The report is
prepared and issued by the Nashville Cotton Exchange, through their Commit¬
covers
Middle
Tennessee east of
Counties of
tee on Statistics and
Information.
Middle Tennessee.—23 replies.
Ten say too much rain and cool weather; reven say too much rain first half
of the month. Since favorable ; six say weather very favorable. Thirteen
say
weather less favorable; five say weather more favorable; five say about same as
last year. Eighteen say rains have not prevented cul'ivation; five say little, if
any, prevention. Eleven eay a*out fame area planted a9 la t year; six say
about 50 per cent decrease—more wheat and corn planted ; six say 25 per cent
decrease—more wheat and corn planted. Thirteen eav stand good, blooming
and forming well; ten say stands not very good. Thirteen say condition very
good; ten
State
five counties 20 per cent and nine counties 10 per
cent; one county reports an increase of 15 per cent and two counties a
decrease of 25 per cent in lands planted since the last report, the decrease
luxuriantly.
cotton since last
as
•
say not very
year; eeven say
about
good.
same as
Six
last
say co dition more favorable than last
year; ten say not so good as last year.
North Alabama.—29 replies from 11 counties.
rain, with cool nights, to the 15th of June; since
then, warm and dry; 12 say very favorable.^ Fourteen eay weather more favor¬
able; eleven say less favorable; four say about same a* last year. TwentySeventeen say too much
three say rains havo not prevented
of one-third ihe cr p; four say one
cultivation; two say prevented cultivation
fifth the crop. Twenry-six say about samearea planted as last jrear; three say 2 • per cent less iu cotton; more wheat
and corn. Twenty say stand good, plant blooming and forming well; nine
say stand not good. Twenty say cotton very clean and looking well; three
say cotton looking bettor than for years past; six say not very good, small for
the season. Fifteen say condition much better than last year; seven eay
about same as last year; seven eay not so good as last year.
Memphis Department
the State of Tennessee, west of
the Tennessee River, aDd the fol¬
lowing counties in Mississippi: Coahoma, Panola, Lafayette, Marshall,
De Soto, Tunica, Benton and Tippah, and the State of Arkansas north of the
Arkansas River. The report is prepared and issued by the Memphis Cotton
Exchange, through their Committee on Information and Statistics, composed
of Sam. M. Gates, Chairman; L. Hanauer, J. N. Falls, A. M. Agelasto, Jas.
S. Day, R. F. Phillips, W. F. Taylor.
We have not received as yet a copy of the Memphis report by
mail.
The following is a summary received by telegraph:
covers
This report has been compiled from one hundred and thirty-seven letter?,
of the average date of July 1; forty of which are from West Tennessee, thirtynine from North Mississippi, forty-eight from Arkansas north cf the Arkansas
River, and ten from North A'abama.
Since the close of June it has rained every day In this region.
The weather
has been warm or sultry.
Such weather seriously increases complaints in
regard to excessive growth and consequent shedding of forms; also of rust,
and growth of grass and weeds in crops lacking cultivation.
Clear, warm
weather
prevails to-day, which, if continued a week, will place all crops in
favorable condition.
a
Oar region of country may be congratulated on the promise of an abundant
harvest in all crops except wheat, which has been seriously cut off by rust.
The morale of labor, as shown by our teport, is of the most gratifying
Dature.
Out of an aggregate of one hundred and twenty-seven responses sixty-two
report the weather for June very favorable, thirty-three moderately favorable,
thirty-two unfavorable, thirty cool nights, and one ton much rain.
Eighty-six report that the weather up to July 1 was much mere favorable
same period in 1877, fifteen abont the same, thirty-one less favor¬
able, seventy-three warmer, eighty lees rain, and thirty-cno more rain. Fifteen
report from 1 to 10 per cent of cotton acreage abandoned on accdfrpt-of exces-.
sive rains, grass and weeds, one hund ed and twelve ni ne making the average
% per cent of the crop. All report no cotton planted in June.
Thirteen report stands never better, eighty-our very good, twenty-seven
moderately good, ten not good, eighty-eight forming and blooming very well,
thirty moderatelv well, eighty-one not well. Th>ny-three report the condi¬
tion of the cotton crop never bett-r, fifty-one very good* twenty-nine moder¬
ately good, fourteen poor and badly cultivated. • Eighty-two report the
condition of the crops much better than in 1817, twenty-five about the same*
and twenty not so good.
thau for the
i
THE CHRONICLE.
4S
Shipments.—According to our cable despatch received
day, there have been 9,000 bales shipped from Bombay to
Great Britain the past week and 13,000 bales to the Continent;
while the receipts at Bombay during this week, have been 5,000
bales.
The movement since the 1st of January is as follows.
These are the figures of W. Nicol & Co., of Bombay, and are
brought down to Thursday, July 11:
Bombay
to
Great
Brit’n.
1878
1877
1876
9,000
4,000
4,000
c
Conti¬
Great
Total. Britain.
Conti¬
nent.
Receipts.
Shipments since Jan. 1.
Shipments this week
Total.
nent.
631,000
753,000
866,000
9,000 269,000 362,000
6,000 358,000 395,000
9,000 13,000 529,000 337,000
2,6*00
Below we give all news received to date of disasters to vessels
carrying cotton from United States port3, etc.:
Redowa, brig, from New Orleans, which arrived at Fall River June 25th, had
not discharged the cotton to be delivered there, July 2nd.
It was
reported that the consignees there made a claim against the vessel for
deviation and detention of the voyage to that port, and the owners of
the brig admitted their liability and would pay for the cotton jettisoned,
but would concede to no further claim of detention or damage.
Cotton freights the past week have been as follows:
Liverpool.
Since
This
Week.
828,000
978,000
974,000
«—Hamburg—*
,—Havre.—> ,—Bremen.—»
,
Sail.
d.
Steam.
d.
Jan. 1.
5,000
3,000
4,000
[VOL. XXVII.
Steam.
Sail.
c.
c.
Saturday
Steam.
Sail.
Steam.
c.
c.
c.
Holiday
Monday.. —15-64
Tuesday. — (&X
15-64
15-64
Wed’day. —(&X
X
X
X
X
comp.
comp.
comp.
15-64 comp.
15-64 comp.
Thursday
cp.
cp.
cp.
cp.
cp.
•
11-16 comp.
—
Sail,
c.
—11-16
X comp.
X comp.
X
X
X
(&X 11-16 comp.
—(&X 11-16 comp.
—
—
—
X comp. —
X comp.,—
X comp. —
comp.
foregoing it would appear that, compared with last Friday...,
—
X
11-16 comp X
year, there has been an increase of 3,000 bales in the week’s ship¬
Liverpool, July 12—5 P. M.—By Cable from Liver¬
ments from Bombay to Europe, and that the total movement
pool.—Estimated sales of the day were 12,000 hales, of which
since January 1 shows a decrease in shipments of 122,000 bales,
2,000 bales were for export and speculation. Of to-day’s sales
compared with the corresponding period of 1877.
8,400 bales were American. The weekly movement is given as
Gunny Bags, Bagging, Etc.—Bagging has continued to rule
•follows:
*
quiet in a large way, and we have no transactions of moment to
report. The demand for small parcels is still good, and the
June 21. June 28.
July 5. July 12.
inquiry is becoming more active. There is every indication of a
firmer market ere long, and holders are not disposed to accept Sales of the Tveek
bales.
48,000
36,000
51,000
70,000
Forwarded
4,000
3,000
6,000
4,000
anything under quoted figures, which are 10-£@10£c. for 2 lb. and Sales
American
29,000
35,000
42,000
53,000
lli@ll|c. for
lb., with very little to be obtained at the lower
Of which exporters took
2,000
2,000
4,000
2,000
figure. Butts are ruling quiet, with no improvement in the
Of which speculators took..
3,000
10,000
7,000
8,000
demand.
The only trade doing is for 50 @ 100 bale parcels, for Total stock
800,000
782,000
837,000 818,000
Of which American
649,000
668,000
627,000
615,000
which 2 l l-16@2|c., cash and time, is paid. A round parcel might
Total import
29,000
30,000
21,000
48,000
the week......
From the
*
*
be had
a
of
shade less.
The Exports
op
Cotton from New York
this week show
a
decrease, as compared with last week, the total reaching 6,213
bales, against 6,081 bales last week.
Exports of Cotton(bales) from New York since Sept. 1, 1877
Total
June
19.
June
26.
July
Ju)y
3.
10
2,947
484
2,081
Other British Ports.
The following
week:
to
year.
Mid. Upl’ds
Mid. Orl’ns.
5,682
331,573
35,434
Futures.
These sales are
otherwise stated.
320,119
367,007
3,069
38,000
4,000
168,000
44,000
3,00Q
203,000
78,000
•
date.
314.437
16,000
table will show the daily closing prices of cotton for the
period
prev’uf-
13
14,000
6,000
212,000
84,000
23,000
7,000
217,000
86,000
Saturd’y. Monday. Tuesday. Wedn’sdy Thursd’y Friday.
Spot.
Same
WEEK ENDING
BXFORTED TO
Liverpool
Of which American
Actual export.
Amount afloat
Of which American
..
..
on
'SG^iq
...@6516 ...@G516
,'S>6510
.'2>612
..
..
,'® 638
...'5>612
.'@612
the basis of Uplands, Low
...■@638
..
.'5>69i6
Middling clause, unless
Saturday.
Total to Gt. Britain
2,947
Havre
167
....
13
2,081
3,553
9,102
3,300
•
Other French ports.
•
•
9,033
115
•
Delivery.
July
July-Aug
Aug.-Sept
Delivery.
d.
6516
Sept.-Oct
65l6
..6II332
Nov.-Dee.
Oct.-Nov
•
d.
6i332
6°i6
638
'
Total French.
....
Bremen and Hanover.
900
Hamburg
Other ports
6,207
Total to N. Europe.
7,107
1 others
Sain.OportoA
Gibraltar&c
Total
The
following
are
3,300
300
700
9,217
....
200
2^667
200
700
2,967
•
•
•
•
....
....
10,054
•
•
•
•
•
19,206
6,171
44,910.
24,078
2,878
750
2,398
3,640
376,644
403,763
the receipts of cotton at New York, Boston,
Philadelphia and Baltimore for the past week, and since Sept. 1/77:
NEW YORK.
rece’ts
BOSTON.
PHIL ADKLP11A
BALTIMORK
prom
This
week.
New Orleans..
Texas
Savannah
Mobile
Florida
S’th Carolina.
N*th Carolina.
Virginia
Northern Ports
Tennessee, Ac
2,218
1,293
654
This
This
Since
Since
197,337
84,001
144,388
19,148
8,310
30,389
276
*177
5,690
2,792
106,531
914
318
25
17
400
54,914
162,055
13,987
143,401
5,006
1,908 103,791
343 109,317
5,102
919,310
2,701 337,709
63q
Oct.-Nov..
Nov.-Dee
*557
*1*74 59*.802
16
19,123
693
43,724
178
42*476
9*,730
856
71,410
1,366 148,103
1,196 62,332
1,093 120,330
Oct.-Nov., n. crop,
638
July
Aug.-Sept
Sept.-Oct
Delivery.
65}6
Oct.-Nov
638
Nov.-Dec
6.U32 Sept.-Oct
Delivery.
Shipment.
61332
6516 June, sail
909,157
5,231 338,698
Shipping News.—The exports of cotton from the United
States the past week, as per latest mail returns, have reached
9,482 bales.
So far as the Southern ports are 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
Bight of this week.
Total bales.
New York—To Liverpool, per steamers Britannic, 13
To Bremen, per steamers Straesbnrg, 100
Main 100
New Orleans—To Liverpool, per steamer Jamaican, 1,006.... per ship
Adorns, 5,721
To Havre, per bark Vauban, 785
To Yera Crnz, per steamer City of New York, 463
Baltimore—To Liverpool, per steamer Nova Scotian, 710... •
Boston—To Liverpool, per steamers Allas, 71
Iberian, 284....Pem¬
broke, 60
Philadelphia—To Liverpool, per steamer Lord Clive, 169
...
13
200
6,727
785
463
710
415
169
6H32
671(5
Wednesday.
Delivery.
July
July-Aug
Aug.-Sept..
Delivery.
6H32 Aug.-Sept
6U32 Sept.-Oct
638 •' Nov.-Dee
Sept. Oct
6716
July-Aug.,
638
Feb.-Mar
Delivery.
6i332
6H32
61332
6^32
638
July
Shipment.
Oct.-Nov.,
n. crop,
sail
6%2
Thursday.
Delivery.
July-Aug
Aug.-Sept
Delivery.
638
638
Delivery.
Aug.-Sept
Sept.-Oct
61332
1332
Friday., '
Delivery.
Sept.-Oct. ...6i532©716
Oct.-Nov
6716
Delivery.
Nov.-Dee
Gi333
6710
Oct.-Nov
Dec.-Jan.,
61332
65ig
Delivery.
d.
Mar.-Apr.,
6516
July
...63s
638
BRE AD STUFFS.
Friday, P. M
5,930
6516
sail
Tuesday.
Delivery.
July-Aug
55,727
*1*66 19^799
"ie
Shipment.
6516
61310
6H32
....651Q
July
July-Aug
4^660
*678 24,253
Delivery.
July
Sept.-Oct
Aug.-Sept
Sinct
This
'
Total last year.
Delivery.
July-Aug...
65^
Aug.-Sept.. ..6i132®58
Sept. 1. week. Sept.l. week. Sept.l. week. Sept.l
3,246
Foreign
Total this year
Since
sail
624
Nov.-Dee., n. crop,
sail
6t4
Monday.
2,690
2*398
•
213
6,081
9,038
15,029
....
....
6,687
•
c
20,718
4,986
....
•
Spain, Ac.
Grand Total...
167
d.
Shipments,
Oct.-Nov., n.crop,
The market for flour has been active
,
July 12, 1878.
throughout the past week,
prices slightly improved. There was a scarcity of lines of
extras, and shippers have been obliged to fill their
orders as best they could with small and broken lots of 100 to
500 bbls. each at $4@$4 25.
A feature of the trade of the week,
was the large sales of choice extras by our city mills, for the
West Indies and South America, at $5(3)5 20.
The local trade,
were nearly out of stock, and bought freely of reliable grades.
Rye flour declined, and there was irregularity in values of corn
meal, a large line of fair Western being closed out at $2 10.
To-day, the market was fairly active for export, and very firm,
and
common
but not
quotably higher.
The wheat market
“corner”
on
was
stronger.
There
winter wheats for immediate
something of a
and July delivery,
was
Wednesday in sales of No. 2 at f 1 09 for
July,{$l
03
for
August,
and $1 01^ for September. No. 2 spring
The particulars of these shipments, arranged in our usual form,
in
was
are as follows:
good demand at $1 03(3)1 04 on the spot and for July, but
Havre.
Bremen. Vera Cruz, Total. it sold at 94@95c. for
Liverpool.
September. The advance does not seem to
New York.
200
213
have
been
463
785
caused, however, so much by change in the position as
7,975
710
by
the
determination of holders to refuse to accept the low prices
415
169
of the previous fortnight; but more recently an impulse was
Total.
230
463
785
9,482 given to speculation by bad weather in the Northwest, and yes
’
Total
•
•
•
• • •
•
•
•
•
•
•
•
•
4
• • •
•
• • •
•
««••
•
•
•
•
•
«•••
9,482
which
was
seen on
49
CHRONICLE
THE
1878.]
July 13,
EXPORTS FROM
UNITED
terday No. 2 spring for September sold at 96£@97c., and No. 2
MONTREAL FOR
red winter for August at $1 06. To-day, the market was firmer,
Flour,
From—
bbis.
but dull; No. 2 red winter sold for July at $1 12£; No. 1 spring
New York
43,910
Boston
■on the spot, $1 12.
6,160
Portland
Indian corn has been active and advancing. The improvement Montreal..
600
Philadelphia
1,560
seems to have been caused wholly by the urgency of buyers*
Baltimore
14,932
Yesterday, in the business for future .delivery, the sales embraced
To al for week..
67,162
steamer mixed at 46£c. for July and47|c. for September, and No* Previous week
79,729
weeks ago
56,390
2 at 48£c. for August and 49@49£c. for September.
To-day, the Two
Three weeks
....
STATES SEABOARD PORTS AND
WEEK ENDED JULY 6, 1878.
Rye,
Oats,
Wheat,
Corn,
bush.
bush.
bush.
bush.
636,300
90,337
104,726
62,300
541,232
111,006
..
....
31,607
215,919
20,034
65,695
189,445
256,576
....
Peas,
bush.
20,181
*
57,747
....
....
5,650
500
214,542
FROM
1,513,679
125,310
67,950
77,928
1,960,566
155,662
95,244
61,431
1,076,278 1,960,635
56,870 109,170
15,430
ago....
69,527 1,186.920 2,223,293
220,505 126,359 146,636
From New Orleans—3,621 bbis. flour; 3,600 bush, wheat; 26,693 bush, flour.
The Visible Supply of Grain, comprising the stocks in
940,036
1,254,557
slightly depressed.
There has been a large business- in rye at 60^61c. for No. 2
Western, spot and July, and 56£c. for August, closing strong, granary at the principal points of accumulation at lake and
seaboard ports, and in transit by lake, canal and rail, July 0,
with Canada, in bond, held at 67c. This afternoon 24,000 bushels
1878, was as follows :
Barley,
Rye,
No. 2 Western sold for August at 59c.
Oats,
Corn,
Wheat,
market
was
and buoyant. Yesterday, No. 2 Chicago
and Milwaukee sold at 35c.—a recent advance of 4c. per bushel.
Oats have been active
To-day, the market was irregular, with
34£c. for mixed and 35£c. for white.
The following are closing quotations :
No. 2 graded quoted at
Grain.
Flour.
$ bbl. $2 40® 3 10
No. 2
Superfine State & West¬
ern
Extra Stite, &c..
Western Spring'
extras
Wheat
...
doXXand XXX/.....
do winter X and XX.
do Minnesota patents..
City shipping extras
City trade and
family
brands
Southern bakers’ and fa¬
mily brands.
shipp’g extras.
Eye flour, superfine
Southern
Wheat— No.3 spring.bueh $
No. 2 spring
No. 1 spring
Red Winter
White
3 40ft 3 85
4 05® 4 25
4 00® 4 30
4 40ft 6 00
4 15® 6 00
5 50 ft
4 10®
do steamer
Southern
05®
1 15®
42®
46%®
.
grade.
48®
yellow,
53®
59®
Southern white
Rye—Western
63®
State
5 85
5 25®
Corn—West’n mixed..
95®
1 05® 1
1 10®
32®
34®
77®
58®
68®
40®
Oats—Mixed
White
Barley—Cauada West....
State, 2-rowed.
8tate, 4-rowed.
Western feeding....
4 85®
4 40ft
2 80®
meal—Western,&c. 2 00ft
Peas—Canada bond&free
75®
meal—Br’wine, &c. 2 75®
been
The movement in breadstuff's at this market has
follows:
Corn
Corn
-EXPORTS PROM NEW
r-RECEIPTS AT NEW YORK.—\
Since
Jan. 1.
For the
week.
51,800
3,361
Flour, bbis.
C.meal,
if
Wheat,bus.
if
Cora.
14
Rye,
Barley,
Oats,
*
if
4ft
Same
16178.
,
5’.0,834
934,341
26,048
*10,246
489,387
2,051,193
104,281
24,020,673
17,868,657
1,852,331
*2.452,465
5,915,835
time
1877.
1,350,329
131,830
2,578,445
12,346,283
333,712
*1,834,393
4,824,951
t—
IS 78.
For the
v
.
Since
Jan. 1.
v
16 77.
Since
For the
Jan. 1.
week.
1,298,242
22,451
3,035
113,013
3,708
228,591
525,269
23,734
36,100
5,011
61,324
....
60,929
2,220.585
1,506,225
1,201*315
as
YORK.
week.
42 167
632,480 2?,977,117
700,542 14,321,767
98
07
12
15
24
48
47
50
55
62
66
36
40
87
65
75
42
90
590,903
125,044
4,417,002
11,057,175
717,505
543,080
88,530
Including malt.
POKT3 FOR THE WEEK ENDING
6, 1878, FROM DECEMBER 31 TO JULY 6,
AND FROM AUGUST 1 TO JULY 6.
Oats, Barley,
Flour,
Wheat,
Corn,
Rye,
RECEIPTS AT LAKE AND RIVER
JULY
bbis.
(196 lbs.)
AT—
22,327
Chicago
Cleveland
St. Louis
Peoria
Duluth
128,630 1,322.665
13,356
120,333
4,306
2,182
16,505
625
...
....
....
798,002
1,621,809
82,406
Total
Previous week
bu>»h.
(5b lbs.)
279,622
26,293
131,552
3,500
228,000
400
36,461
Milwaukee
Toledo
Detroit
bush.
(60 lbs.)
..
19,350
55,055
91,150
bush.
34b,8S5
41,444
7,827
3,393
5,580
71,772
41,750
—
518.651
548,737
2,181,156
303,011 1,132,103
457,566
Corresp’ng week,’76 .
840,620 1,278,079
562,273
Tot.Dec.31to July 0,.2,915,221 29,763,779 46,526,293 12,786,214
Same time 1877
2,050,363 8,306,333 35,937,610 9.714,436
Same time 1876
..2,693,9 5 23,679,590 37,997,198 12,535,709
Same time 1875
2,361,260 24,203,030 23,253,174 9,882,378
Tot.Aug.ltoJuly 6,. 5,687,615 73,249,020 81,615,909 25,197,771
Same time 1877
4,709,055 37,699,313 74,836,521 20,760,223
Same tim» 1876
5,099,876 63,522,296 53,495,870 27,218,341
Same time 1875..... .5,030,518 59,612,489 42,482,873 21,313,135
88,202
1,041,772
70,187
70,867
Corresp’ng week,’77 .
bush.
buch.
(32 lbs.) (48 lbs.) (56 lbs.)
..
4,125
10,0*9
1,800
7,000
2,121
6,900
15,291
9,150
....
37,866
38,109
9,105
2,483
—
30,638
33,747
30,352 11,089
26,324 30,321
2,855,948 1,927,103
2,651,339 906,563
2,982,723 917,215
1,531,984 1,463,691
9,334,808 3,901,920
8,124,239 2,764,572
7,619,321 2,137,065
5,459,227 1,180,311
bush.
In Stork at—
New York
.-
1,591,132
..
800
Albany
78.048
Buffalo
239,836
Chicago
33 \298
20,191
68,510
93,836
Milwaukee
Duluth
Toledo
Detroit
80,000
Oswego*
60,511
37,592
180,503
163,592
St. Louis
Boston
Toronto
Montreal
16,670
919
5,601
48,080
Philadelphia
Peoria
Indi .napolis
Kansas City
Baltimore
Rail shipments, week
Lake shipments, week
On canal (6th)
154,204
222,150
572,110
643,000
Total
4,612,433
June 29, 1878
June 22, 1878
4,943,132
5,352,467
June 15, 1878
June 8, 1878
June 1, 1878
6,254,490
6,345,973
.
...
May 25, 1878...
May 18, 1878
July 7, 1877
*
6.975,914
7,507,564
7,549,665
2,331,860
busb.
bush.
720,784
18,000
334,979
531,979
8,245
663,075
10,000
25,378
402^ 95 i
66,927
29,169
2,000
61,134
61,718
20,134
33,569
174,000
42,500
61,892
23,000
254.360
22,079
374,814
*
*
2,502
35,003
212,996
246,317
400
176,641
809,338
72,223
49,666
120,377
549,202
331,847
1,524,929
1,226,000
bush.'
bash.
*
2,820
'328
7,031
49,000
7,354
935
835
72,000
56,586
25,574
....
•
•
900
5,937
10,452
••
565
32,361
3,295
749
931
....
1,321
...
138,352
39,200
23,065
9,517
2,822
....
,
261,172
131,480
131,000
.
4,483
1,180
....
1,617,704 1,037,466
1,778,324 1,051,933
8,151,399 1,386,833 1,044,832
8,707,025 2,003,698 1,041,766
10,357,648 2,SOS,207 1,103.514
10,398,388 2,487,356 1,203,958
8,902,244 2,801,84ft 1,580,042
8,225,712 2,157,643 1,308,559
9,189,163 2,334,897
450,906
7,374,431
8,983,806
6*,649
*
8,500
32,000
339,086
348,677
404,100
416,942
521,217
526,0 3
507,728
573,48ft
321,463
Estimated.
THE DRY G03DS
TRADE.
Friday, P. M., July 12, 1878.
light the past week with commission houses
the usual mid-summer dulness pervaded the
jobbing trade. The event of the week was a great peremptory trade
sale of flannels, &c., which was held on the 10th and 11th inst.,
by Messrs. Wilmerding, Hoguet & Co., per order of Messrs. Faulk¬
ner, Page & Co. The sale attracted a great many buyers from all
parts of the country and the competition was quite brisk. The
offering embraced about 10,000 packages of wool flannels, 500
cases blankets, and 200 cases Whittenton cheviots, all of which
were disposed of, together with numerous duplicates not repre¬
sented on the catalague, at fair average prices. The sale amounted
to near!y two millions of dollars.
There was some improvement
in the demand for heavy skirts and drawers and fancy knit
woolens at private hands, but most other descriptions of autumn
goods remained quiet, owing partly to the prevailing warm
Business has been
and importers, and
weather.
Domestic Cotton
Goods.—The export demand for cotton
goods continues satisfactory. Shipments of 2,378 packages were
made to foreign markets from this port during the week ending
July 9, and 3,285 packages were shipped from Boston during the
same timp.
Prices ruled steady on nearly all the best makes of
cotton goods, and there was not much pressure on the part of
agents to force sales at current quotations. Brown and bleached
goods, cotton flannels and grain bags, were taken in considerable
lots by the larger interior jobbers, for shipment by canal, but
the
general demand ruled light.
Ducks, denims, ticks and
stripes wt-re quiet and steady in price, but cheviots and cottonRECEIPTS OF FLOUR AND GRAIN AT SEABOARD PORTS FOR THE
ades remained weak and unsettled. Print cloths were in
WEEK ENDED JULY 6, 1878, AND FROM DEC. 31 TO JULY 6.
moderate demand and a shade higher on the basis of 8$c., cash, of¬
Corn,
Oats,
Barley, Rye, fered, to 3 9-16c., cash, asked, for 64x64s, and 3£c., cash, for 56x60s.
Flour,
Wheat,
At—
bbis.
bush.
bush.
bush.
bush. bush. Prints were in light request, aside -from medium fancies, for
New York
62,829
641,664 1,086,534
467,818
59,470 which there was a moderate inquiry, and ginghams and cotton
. ..
Boston
23,200
145,600
5,800
20,453
35,350
dress goods ruled quiet.
2,185
5,500
....
—
Portland..
....
16,844
213,483
Montreal
108,123
2,418
2,076
Domest c Woolen Goods.—The woolen goods market lacked
10,350
135,000
62,300
....
2,000 animation and new business was strictly moderate; but there was
Philadelphia
278,600
Baltimore
6,032
164,400
124,400
27,000
New Orleans
10,365
11,132
40,293
9,044
....
11,000 a fair movement in fancy cassimeres, worsted coatings, &c., in
....
orders. All-wool and cotton-warp beavers
sluggish, but fancy overcoatings were in moderate request.
184,618 1,383,642
Corresp’ng week,’77
69,313
453,799 31,427
6,998 RepeJMAtB remained quiet, and black cloths and doeskins moved
slowly. Kentucky jeans were In fair demand at low prices, but
Tot. Dec.31 to July 6.4,225,187 35,696,948 60,946,101 10,125,254 2,391,042 2,433,825
Same time 1877
3,303,568 5,031,116 41,933,706 8,657,288 1,831,347 611,372 satinets continued inactive. Linseys received a little more atten¬
Same time 1876
4,697,173 22,296,263 45,038,937 11,642,030 1,950,219
731,819 tion toward the close of the week, and some fair sales were
Same time 1875
4,659,681 19,280,655 26,710,924 8,748,784 306,261 138,896
reported^ Feltings were a little more active, owing to an increased
SHIPMENTS OF FLOUR AND GRAIN FROM WESTERN LAKE AND demand by the skirt trade. Flannels and blankets were depressed,
RIVER PORTS FROM DEC. 31 TO JULY 6.
owing to the great auction sale referred to above, and it is prob¬
Tot.Dec. 31 to July 6 2,954,800 22,080,243 39,946,831 8,135,104 1,544,939 1,583,342 able that some price concessions will be found necessary in order
Same time 1877
2,070,706 8,798,930 29,266,615 7,131,615 1,996,477 762,802 to stimulate their movement from private hands.
Same time 1876
2,862,612 22,235,015 34,559,902 10,447,901.1,212,357 840,275
Foreign Goods.—There has been very little doing in any
Same time 1875
2,496,730 20,884,384 16,881,288 6,978,297 867,944 276,665
particular class of foreign goods, but there was a limited handRAIL SHIPMENTS OF FLOUR AND GRAIN FROM WESTERN LAKE
to-mouth demand for seasonable fabrics—required for immediate
AND RIVER PORTS.
Bales—by personal selection and through the medium of orders.
Week
Wheat,
Com,
Oats, Barley,
Rye, Silks, staple dress fabrics and linen goods are generally steady
Flour,
ending—
bbis. - bush.
bush.
bush.
bush.
bush.
794,260 1,856,776
July 6, 1878
65,396
392.652
4,483
6,649 at unchanged quotations; but fancy dress goods are offered at
July 7, 1877
59,084
94,702
222,533
216,107
6,303 17,749 very low figures, in order to reduce stocks to the lowest possible
July 8, 1876
53.288
186,807
659,907
335,629
2,408 20,483
July 10, 1875
37,715
448,519
4,580
5,105 point before the season closes,
814,069
119,636
129,108
134,051
Total
Previous week
.
<
1,083,524 1,394,415
1,135,910 2,118,184
604,430
436,554
7,876
8,700
72,470
89,758
execution of former
were
50
-
THE CHRONICLE.
Importations of Dry (iootls.
The
have been
follows
as
shows
JULY 11, 1873.
1
-1877
,——1878
Pkgs.
Value.
Pkgs. Vainer
585
$237,066
446
$178,550
702
685
193,602
209,263
4:5
406
242,721
211,228
262
cotton..
620
silk
291
* flax. .;. 2,651
do
do
do
,
$113,322
155,515
191,OSS
....
138,394
Miscellaneous dry goods. 1,623
Total
593
42,862
5,450
131,474
49,230
426
$641,181
2,721
61 4
118,149
36,974
232
$855,153
2,383
$774,164
WITHDRAWN FROM WAREHOUSE AND THROWN
INTO THE MARKET DURING TEE
Manufactures of wool
do
do
do
cotton..
silk.
flax....
..
Miscellaneous dry goods.
Total
143
$68,270
67,717
48,811
36,923
10,719
150
42
163
£67
870
127
121
301
7
610
641,181
Total thrown upon mark’t 6,320
$53,830
51
$227,470
Addent’d for consumpt’n 5,450
2,721
$868,651
3,231
57,203
41.629
134
108
56
♦53,191
51,S87
47,896
4,635
208
356
41,912
11,168
$205,190
832
856 153
2,383
$1,061,343
do
of wool....
cotton.
do
silk....
198
do
$87,158
31,285
89,467
172
83
197
.
flax
Miscellaneous dry goods.
51,762
476
205
73
482
7,677
1,992
991
Total
1,641
Add ent’d for consumpt’n
5,450
$270,349
3,228
2,721
Total entered at the port. 7,(91
1 *
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19.414
v
^
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w.
w*
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$199,856
67,406
211
189
47,351
83,868
41,502
30
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26,010
35,453
19,911
524
nj
T-<i2':*e'*aoco©ooo©eo©<i-tcocit—c&
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5,949 $1,296,134
3,464
1,081
to to
$185,941
774,164
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$911,730
t
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$439,981
856,153
641,181
94
774,164
3,215
ENTERED FOR WAREHOUSING DURING
SAME PERIOD.
Manufactures
^ r*i
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...
table.
.<rs
■
Manufactures of wool
from New York.
totals for the last
week, and also the totals since Jan. 1,1878
and 1877.
The last two lines show total
values, including the
value of all other articles besides
those mentioned in the
ENTERED FOR CONSUMPTION FOR THE WEEK
ENDING
187H
Leading Articles
following table, compiled from Custom House returnp,
the exports of
leading articles from the port of New York
the principal
foreign countries since Jan. 1, 1878, the
to all
:
Pkgs. Value.
Exports
The
importations of dry broods at this port for the week ending
July 11, 1878, and for the corresponding weeks of 1877 and 1876,
fVoL. XXVIL
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Imports of Leading Articles.
The
following table, compiled from Custom
shows the foreign imports of
leading articles at
January 1, 1878 and for the same period in 1877:
[The quantity is given in packages
JO 05
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House returns,
this port since
•
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Earthenware..
.
Glass
"
Glassware
Glass plate
Cocoa bags
Indigo
Madder&Ext.of
Oil, Olive
Opium
:.
10,520
10,988
3,059
4,411
4,618
46,489
20,189
Since
1,118
5,976
1,799
4,271
1,693
13,501
.
2,572
Bristles
Hides, dressed..
India rubber......
111,399
809
798
2,403
3,316
32,358
24,256
Ivory
3,071
3,899
1,443
86,364
2,261
Hemp, bales
Hides, &c—
755
459
Jewelry, &c.—
„
Jewelry
Watches
Linseed
Molasses
4,230
717,765
22,900
532,097
Steel
Tin
1,244
1,503
280
241
207,808
50,299
221,731
63,332
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332,168
1,134,694
514,915
30,933
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24,772
Oranges.
743,777
..
Nuts
451,508
352,361
RaiBins...
124,206
Cassia
,
Ginger........
Pepper
WoodsCork
100,038
Fustic
441
43,236
71,778
20,331
657,227
.
39,139
472,524
486,615
566,069
149,918
119,043
299.526
400,872
36.913
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Ashes
Breadstulfs—
Flour
Wheat
Corn
pkgs.
2,444
Same
Dime
229.998
18,319
274,477
21,692
4,290
bbls.
hush.
Pitch
Oil cake
1878, and
bbls.
1,098
pkgs.
251,031
2,051,198 1,350,329 Oil, lard
bbls.
9,094
24,020,673 2,578,445 Peanuts
44,722
“
17,868,657 12,346,286 Provisions— bags.
Oats...
“
5,945,835 4,824,951
Butter
560,801
pkgs.
Rye
“
1,852,331
333,712
Cheqse
“
1,120,997
Barley & malt “
2,452,465 1,884,393
Cutmeats.. “
718,961
Grass seed...bags
121.077
74,653
Eggs
“
315,460
Beans.. ....bbls.
40,770
Pork
“
44,607
162,151
Peas
bush.
415,061
Beef
“
170,112
32.481
Cbm meal..bbl8.
104,28.
131,880
Lard
“
474,325
Cotton.:
bales.
472,841
349,585
Lard
kegs.
23,450
Hemp
“
2,104
2,976 Rice
16,475
pkgs.
Hides
No.
98,623
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bales.
bales.
Leather
sides.
Molasses
hhds.
Molasses
bbls.
Naval Stores—
Crude tnrp..bbls.
Spirits turp “ '
Roein..... **
Tar.
115,537 Starch
74,343
79,586 Stearine
48,500
33,54Y Sugar
2,185,889 2,182,330 Sugar
i
18
363 Tallow
67,093 Tobacco
bbls.
.hhds.
Tobacco
hhds.
Whiskey
67,088
bbls.
bales.
105,000
45,383
19,807
“
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10^785
1,736
55,625
184,97>
12,011
1,443
36,679 Wool
171.816 Dressed
14.531
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155,948
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22.398
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31,869
49,213
70,792
183,132
249.466
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.
+3 to CO
363,350
1,726,753
6,171,268 6,726,833
Rice.
co
©»oo
■
o co *o © 'o
•
-*
26,241
522,314
1,282,204 1,098,002
.
.flOOW'f O
•S^S©c^co
•o5*WTjfci*~
•
oo"oT"O’
*®CBcOr-t
Joo
481,405
$
382,661
174,526
Lemons
463
63,009
4
774,531
(NO
t
05 OO
1,872
*
47,079
79,C65
18,423
■
«-7 co"
•
Si-©
Receipts of Domestic Produce.
The receipts of domestic
produce since January 1,
for the same period of
1877, have been as follows:
Since
©oo
now
© go
6,034,752 5,427,858
70,624
97,675
19,9^9
1,867
588
Hair
291
626
3,282
Gunny cloth
2,083
Hardware
Lead, pigs
Spelter, lbs
25,902
Wines
2,365 Wool, bales
3,708
2,823
value—
24.105
36,324
29,401
,
.-©
j©
Same
time 1877
S
Champagne,bkts.
29,861
33,940
J
co
o> o
® irj
5,299
16,226 Waste
1,173 Wines, &c—
13,775
435
Sodaash
Flax
Furs
Metals, &c.—
Cutlery
1,930
18,363
23,124
Soda, bi-carb...
Soda, sal
3,312
2,668
Blea. powders.. j
Cochineal
Cream Tartar...
Gambier
Gum, Arabic....
6.240
19,213
158,099
-
•
^
M OM
specified.]
Jan.1,’78
Tin, boxes
slabs,lbs....
Paper Stock
12,147
12,736 Sugar, hhds, tcs. &
845,884 1,086,581
bbls
Buttons
Coal, tons
Coffee, bags
Cotton, bales.....'
Drugs, &c—
Bark, Peruvian.
5,967
19,627
120,383
•
O
04
03 ^3 "O’ 05
Earthenware—
rH
^r-i
• l-
to
M
-
G*mo*
”
China
.50
n-
Since
Same
Jan. 1,’7S time 1877
China, Glass and
03
CQqtj
•
wnen not otherwise
©
▼—•
_
oj
•
k
•
S*
•
#
.*
»
■Sss&ssssi-i!s§s5s
go£««ooo, sl^o S §•&«
a
ooooQHK
!g 's|3i
I ^6-
July 13,
THE
1878.]
GENERAL
FEIOES CUEKENT
ASHES—
Hot, first scrtc
# ft.
BRKADSTUFFS—Seespecial
4*3
BUILDING MATERIALS—
Bricks—Common nard,afloat..V M
2 CO
7 00
23 00
# bbl.
90
Croton
Cement— Rosendale
Lime—State,
common....
®
©
©
©
©
&
©
©
©
©
*...#bbl.
Sta'e, finishing
;
Lumber—Pine, g’d to> ex
s#.
do taiiy boards, com.to g’d,each.
90
40 00
16 90
25
35 00
33 00
75 00
22
15
•
•
5
6
Paris white. E::*., gold....# 100 ft.
BUTTER—(Wholesale Prices;—
Tabs,good to choice State....... #ft.
West’n creamery g’d to ch
Welsh, State, g’d to choice;
Western dairy, fair to pr........
44
“
“
•
•
©
©
1 70
14
17
13
17
13
16
8
©
11
Matamoras.
gas cannel
«
V.
Anthkacitk—The following will show priceB at
or present Echedule rates:
Penn.
D.L.&W.
D.&H. P.&R, L. & W.
Sched.
Auction.
Sched.
Sched.
June 26.
burg.*
Hobokeu.
N. Y.
Port
Harbor.
St’mb.. $3 15
Grate... 3 45
$3 47*
$3 60
3 47* @3 50
3 60
3 57*@3 60
3 75
Egg .... 3.60
Stove... 4 05
3 87*®3 90
4 20
Ch’nut.. 3 50
3 25
360
*50 cents per ton additional for
....
....
13**
16
17
23
15
15
13
14
13
13
11
16
17
&
13*
17
17
®
....©
28
26
23
16* a
16*
27
©
®
io*®
Aloes, Barbadoes
44 '
Arsenic, powdered
44
Bicarb.soda,Newcastle.# 100a 44
i
Bichro. potash.
#ft cur.
Bleaching powder
IP ICO ft. “
1
Brimstone, 2nds & 3rds.per ton.gold.24
Brimstone, Am. roll
Vft..cur.
Camphor refined
4*
Castor oil,E.I. inbond. # gal. .gold.
Caustic soda
3
..# 100ft
20
18
23
2
©
i*-a
15
20
50
&
.0
11*
Q
® 26 50
_2*'®
23*®
90
65
13 CO
60
52
24
®
® 4 66"
ft 18 50
65
©
©
29"
28*®
cur.
**
8
9
®
5* a
4 co
85
0
a
a
a
a
a
a
Ginseng
-cur.
Glycerine, American pure
44
17
Jalap
44
21
Licorice paste, Calabria
26
“
Licorice paste,Sicily
25
“
Licorice paste,Spanish, solid.. .gold
26
Madder,Dutch
44
**©
5 a
MaddertFrench, E.X.F.F
44
22 a
Nutgallstblue Aleppo
cur.
Oil vitriol (66 Brimstone)—... “
i*a
3
Opium, Turkey ....(in bond), gold.
62*®
Prusslate potash,yellow, Am..cur.
22 ®
Quicksilver
gold.
47*a
Quinine
cur.
3 50 a
Rhubarb, China,good to pr.... 44
50 a
Balsoda, Newcastle..#luO lb, gold
....a
Shell Lac, 2d & 1st English..# ft .cur.
is @
Soda ash
;
# 100 ft. gold 157*«
Sugar of lead, white, prime,# ft cur.
s/.a
Vitriol, blue.common
44
7 a
5*
4 25
l 15
18
2?"
23
23
7*
5*
43
.
1
20
25
60
19
•
FISH—
Gr’dBk.ft George’s (new) cod.# qtl. 2 75
Mackerel,No.1,M. Bhore
pr.bbl. 14 00
Mackerel, No. 1, •Bay...
Mackerel,No.2 Mass.shore
Mackerel. No. 2, Bay
9 ou
12 50
FRUIT—
-
©
©
©
©
©
66"
7*
4
22
20
li
15
25
00
00
00
0U
Ralsias,Seedless
per 501b. frail
...* 3 60
do
1 67*® 1 70
Layers,new.....
do
Loose
1 92*® 2 10
do
Valencia,
Currants,
new
....©
new
4*®
Citron
.,
Prunes, Turkish fnew)
do
French..
Dates
Domestic Driedr-
Apples, Southern, sliced
do
do
do
do
case.
# lb
quarters
State, sliced,
do
quarters,
Peaches, pared, Ga., good to choice
do
15
8
13
17
unpared, halves and qrs...
Blackberries
©
©
©
©
12*@
4
2
4
©
©
©
3*3
4
3
®
©
9*a
...
Raspberries.....
Cherries, dry mixed (crop 1873)....
Plums, State...:
Whortleberries
10
6 50
©
18*®
I**©
# lb
.
.
5*
14*®
4
Figs, layer
CantonGlnger.wh.4; hf.pots.#
Sardines, #.half box
Sardines, ^quarter box
Macaroni, Italian.
8
24
14
11
10
©
©
©
©
8*
4*
13
8 00
19
12*
14
6
3
6
4*
9
4
10
25
15
13
12
Forelgn
44
44
44
..
19
19
19
®
®
19
®
®
9
8
9
44
44
13
©
10
8
®
©
Yearlings...
11
@
©
@
8
49
35
34
33
....<2
44
36
34
34
@
@
@
....©
Plg,American, No. 1
# ton. 16 50
Pig, American, No.2
Pig, American, Forge
Pig, SCOtCD..
American
American
American
American
American
@ 16 00
© 24 00
i$%OY*6
Bar, Swedes,ordinary sizes..# ton. 130 00 ©132
Scroll
....# lb. 2 5-10®
Hoop, *x.No.22tol&l*xl3&!4 “
5 @ 2
Russia
Sheet,
gold.#ft
10*@
Sheet, single,double & treble, com.
8*®
Ralls, American
y ton, cur. 32 00 © 36
3 28
4 00
60
@
3 90
1
3 50
14*®
6*@
9
LEATHER—
8-10
11
4
California, h.,
common
44
m.
20
20
& 1
iiide.h., m.&1....
®
®
rough
Slaughter crop
20
25
16
....®
10
9
German spring
.
common
refining.... #
ft.
Hard, powdered
do
do
Oak, rough
24
Texas,crop
25
....®
7 ®
Cuba, clayed
# gal
Cuba, Mna.,refln.gr4ds,50t est.
“
do
do
grocery grades.
“
Barbadoes
Demerara
Porto Rico
N. O., com. to prime
NAVAL STORES-
44
32
25
66
©
©
8
1 90
I 90
2 00
29
S6
<4
MS':
low No. 2 to good ITo 21
low pale to extra pile..
window glass
2
2
2
©
a
©
©
.©
1 75 ®
,# ft. 6
64
44
1
41
«!
TEA—
Hyson,
gold.#ft
• •
do
44
Almonds, Jordan shelled
# lb.
4 00
30
Filberts, Sicily
Walnuts, Naples...
Pecan
OAKUM—Navy,U.S. Navy & best #ft.
5
Olive, in casks V gall...
Linseed, casks and bbls
Menhaden, crude Sound,....
Neatsloot, No. 1 to extra
Whale,bleached winter
Whale, crude Northern
Sperm, crude
Sperm, bleached winter
Lard oil. Nos. 1 and 2
# gal.
44
*•
44
44
44
44
44
“
33
©
10
56
80
60
55
®
®
a
10*
Ex fine to finest
Choicest....
do
do
do
® 29 00
Sup’rto fine
-
26
85
45
2G
28
38
24
SO
@
©
©
@
©
.42
®
©
60
21
30
Souc.& Cong.,Com. to fair
52*
a 31 00
....
Ex.flnetofinest
Superior to fine
do
do
do
©
©
®
25
33
55
90
80
43
60
95
27
40
65
18
20
Nominal.
Oolong, Common to tair9#««
,
OIL CAKE—
City, thin oblong,bags, gold, # ton.
Western, thin oblong (Dom.)cur 44
22
30
45
17
19
Extraflnetoflnest
do
5 50
6 00
©
©
©
@
©
©
©
©
©
©
©
©
©
80
pyeon Skin.& Twan..com. to fair.
do
do
Sup.to fine
do
do
Ex.flneto finest
Uncolored Japan,Com.to lair
co
Sup’rtofine
86
1 15
57
81
90
58
45
9J
1 05
®
....®
86 ®
1 02 @
45 ®
Ex. fine to finest
Choicest
SuD.to fine
do
do
©
Nominal.
20
28
45
75
21
33
50
Imperial,Com.to fair
il"
©
.®
•
21
23
33
Super.to fine
do
OILS—
seed, crude...
•
15
Ex. fine to finest
Choicest
do
9*
8*®
**
Hunpowder, Com to fair
do
Sup.to fine
35
©
43i@
9*©
12 ©
4*@
•
Common to fair.....cur .#ft
do
do
do
17*
14*
14*
14*®
do
Choicest
Young Hyson,Com.to fair
®
NUTSBrazil
to
...
44
Superior to fine
Extra fine to finest
do
50"
•
1 52*®
2 50 ©
S 75 ©
15-16®
30
12*
12*
12*
7*
7*
7
Plates.char.terne.
Tar, Washington
Tar, Wilmington
Pitch, city....
Spirits turpentine..
Rosin,
strained to good strd,#
44
low No. 1 to good No. 1
44
'8*
®
7*®
7* A
_
English .refined...,
45
'P
8* a
3*®
Straits
50
7*
....©
TIN—
Banca..,
Nominal.
Nominal.
“
cut loaf
TALLOW—
Prime city.
35
j»
V*
9&®
9*®
9*2
Other Yellow
Molasses sugars
...,<a
16
:
off A
do
White extra C
%
34®
7*
7*
7*@
7*®
5*a
63(®
7^®
6V®
Coffee, A, standard
MOLASSES—
5-16
7-’.6
...
granulated...
Extra C
11
qi>
7
3-1 ft
...®
a
Batavia. Nos l'J@12
Brazil, Nos. 9@ll
Refuted—Hard, crushed
21
21
23
27
23
26
®
@
@
®
©
©
25
85
EO
27
88
50
75
26
40
Hr. fine to finest
45
to
55
Choicest
60
@
75
©
©
TOBACCO-
PETROLEUM—
Crude, in bulk
# gal,
4T
Cases
Refined
14
44
Naphtha,City, bbls
PROVISIONS—
Pork, mesB.spot
Pork,extra prime
Pork,prime mess, West
Beef, plain mess
Beef, extra mess
Beef hams,Western
Bacon, West, long clear
Hams,smoked
Lard. City steam
RICE—
.,
Carolina,fairto prime....
Louisiana, fair to prime.
Rangoon, in bond
Patna, duty paid
SALT—
Turk’s Island
St. Martin
®
44
*4
44
.#
V ft
«i
"
a 11 CO
....
<®
....
....
&
....
<® 11 50
@ 12 00
....® 22 00
6
©
• •
6*‘®
16
44
©
7
•
s
7*®
7*<®
Clover, New York State
# bush. 1 80
Canary, Dutch
Hemp, foreigu
Flaxseed, American, rough..
Linseed, Calcutta
# 56 ft. gold.
Linseed Bombay...,..# 51 ft gold.
©
©
©
26
28
©
7*
8
1 40
’170 @ 177*
....
1 85
...
© 2 5-j
© 1 75
©155
© 150
© 1 90
© ....
#ft
Inferior
....
25
27
2 50
bright work
Fair
‘
# bush.
12 &
Burry
South Am. Merino,
unwashed
Cape Good Hope, unwashed
Texas, fine. Eastern
Texas, medium, Eastern
ToLivbbpool:
.■**•
# bbl.
Heavy good#. . # ton.
Cotton
Flour
Corn,b*lk& bgs. # bn.
Wheat, bulk & bags..
Beel
V tee.
Bee!
,#obl.
Fork.
..
—STEAM.—.
S. d. 8. 4.
*
©....
©50 0
7
6*®
2 0
25 6
7
6 0
4 6
©
82*
©
20
24
45
16
©
32
28
©
37
SO
18
©
©
®
®
26
21
15
12
26
25
23
28
©
©
©
©
©
16
gold.
Smyrna.unwashed,
FREIGHTS—
ut
12
S5
7
10
©
Superior, unwashed
....©
46
•
Manufac’d.ln44bond, black work
4*
Extra,Pulled....
No.l, Palled... ...
California, SpringClip-
• •
7*
1*
©
65
WOOL—
American XX
American. Nos. 1 & 2
American, Combing
iik
10X®
7*15
Kentucky lugs, heavv
#ft
44
leaf,
44
com. to fine.
Seed leaf—New Eng.wrapperB’76-’77
“
’
do
fillers, ’76-’77.
Pa. assorted lot*, ’76-’77
Yara, I and II cuts, assorted
Havana, com.to fine
44
10 00
11 75
„
-
*6*
....®
# bbl. 10 40
“
44
6*
14*
lu*®
44
Liverpool, Ashton’s fine.... .# sack.
SEEDS—
Clover,Western
# ft.
Timothy
Canary,Smyrna....,
Canary, Sicily
a
...
•
....©
....©
Melado
21
19*®
14
10*
>■*
Centrifugal, Nos. 7@13
f
Hemlock.Buen,A’res,h.,m.&l.#ft.
16
6*
®
9*@
10*&
spring
machinery
Good refining
Prime
Porto Rico, refln., fair to prime
Boxes, clayed, Nos. 10@12
5
r> 40
3 75
5
6
@
07*
Store Prices.
Manila, sup. and ex. sup
44
@
to
©
cast
Inferior to
Fair
56
LEAD—
Ordinary foreign
# 100 lbs, gold 6 37*®
cur. 3 5U
Domestic, common
®
Bar (discount, 10 p. c.)
# ft
©
©
44
;...cur.
.
@
STTGAR-
00
@ 44 00
43 00
blister
cast, Tool
00
60
44
English blister, 2d & 1 at quality.. 4*
English machinery
44
English German,2d & 1st quality 44
® 18 00
© 17 00
15 50
14 50
22 75
..# gall.
English,cast,2d&lstquallty #ttgold
English,spring,2d & 1st quality.. 44
35
© 17 00
8 00
© 4 0b
2 04
STEEL—
IROJN--
Cotton
8
s
3
3
*4
Brandy (Cal.) deliv. in N. Y....
50
4 00
44
Irish
Alcohol
Whiskev
....
©
gold.
,
3 75
44
“
38
14
©
...
# gall.
80
14*
36
Whiskey, Scotch
....©
@
©
...
Gin....
@
6
5%
80
stems
do
20
....@
Rum—Jam.,4th proof
St. Croix, 3d proof
3?*@
Honduras, sheet
Mexican, sheet
44
....
20
20
....©
IS ©
....©
Brandy, foreign brands
8
....
....©
Batavia
do
32*@
strip.....
Carthagena, Dressed
Nicaragua, sheet
Nicaragua, 6crap
6 00
5 25
•••©
•
Domestic liquors—
Panama
44
# ft,gold
Nutmegs, Batavia and Penang
Pimento, Jamaica
ut
Para, fine
Para, coarse
Esmeralda, prebsed, strip..,
Guayaquil, pressed,strip...
44
white...
Cloves
INDIA RUBBER-
44
Singapore
do
do
Calcutta
Mace
*8*
to
@
®
@
@
5 97*®
4 75 @
cur.
SPIRITS—
Old
Sheet
do
do
10
14
8
5 00
4 75
5 00
4 75
Ginger, African
9*
@
©
Uassla, China Lignea
17*
s*®
cur.
common
Pepper, Batavia
is*
©
Q
®
3 50
8PICKS-
19*
19*
16*®
44
100 ft.gold.
Domestic,
21
21
20*®
’
©
6 37*®
44
SPELTKR-
5*
®
7
100 lb.gold
44
Re-reeled Tsatlees, best
Re-reeled Congouu, No. 1....
5
20
#ft
per
Tsatlees, No. 2
Tavsaams, No. 1
*
,
6*®
HOPS—
New Yorks, com. to med..)ir
do
good to prime
Eastern
Wisconsin
16
....©
COTTON—See special report.
DRUGS & DYESAlum, lump. Am
# 100 ft cur
Aloes, Cape
$ a. gold.
gold.
per ICO lbs.
“
16*
«.
©
©
©
...
••
23
18
©
13*
Sheathing, new (over 12 oz;
Braziers’(over 16 oz.)
American Ingot, Lake....
potash
44
Cochineal,Honduras, silver...
Cochineal, Mexican
Cream tartar, powdered
Cubebs, East India
16*
16*
17*
®
®
@
@
;
SILK—
<§,275 00
4*®
Steel rails, American....
®
16*©
# ft.
Chlorate
GO
75
20
60
delivery at New
Rio, ord. car. 60and9Gday8.gld.#ft
’do fair,
do
gold. “
do good,
gold. 44
do
do prime,
do
gold. 44
Java, mats
gold. 44
Native Ceylon
gold. 44
Mexican....
gold. 44
Jamaica.
44
gold.
Maracaibo
gold. 44
Laguayra...,
gold
44
St. Domingo..
gold. 44
Savanilla
gold. 44
Costa Rica
gold.
*
Catch
Gambler
8
3
4
3
....
....
York,
COFFEE—
COPPER—
Bolts
Johnbt’n.
$3 10
....
’
"
44
44
do....
do....
Texas,
last auction
New-
44
E. I.stock—Cal. kip8,slaught. gold
Calcutta kips, dead green...
“
44
Calcutta, buffalo
8 50
12 00a 13 00
Liverpool house cannel
.
California,
CDAL—
Liverpool
do....
do....
do...:
do....
do....
do
Wet Salted—Buen. Ay, selected
Para,
do....
8
a
©
7
270 00
“
Grande,
Orinoco,
California,
CHEESE—
7
©193 00
@
....
“
44
.
Rio
1 75
©
©
©
State factory,prime to choice....V ft
Western factory, g’d to choice..
“
„..#a>
Corrientes,
8
6
9
®
Refined,pure
Crude
Nitrate soda
55
©
gold.2C0 00
Montevideo,
8*®
7^«
8ALTPETRE—
....
Russia,clean
Italian
Manila
Sisal
Jute
Dry—Buenos Ayres,selected.#lbgold
©
17
©
© 35 00
© 2 40
© 5 25
© 4 85
© 2 85
.
GUNNIES.—See report under Cotton.
HAYNortb River shfnp^nsr
# 100 lb
45
HEMP AND JU l’E—
American dressed
# ton. 17C 00
American undressed
51
HIDES—
27
*
ft
27 00
@125 00
4 25
Cutspikes.allsizes
Taints—Ld., wh.Am.pare. in oil V
Lead,wn., Araer.,pure dry
Zinc, wh.,Amer. dry. No. 1
5 25
9 00
61 00
21 00
83
40 00
© 36 00
Spruce boards & planks,.each
Hemlock boards. each
Maple
V M. ft. 30 00
Sails—10@6Ud.ccm,fen.& sh.# keg
3dflne...
4*
report.
CHRONICLE.
©
©
©
©
20
80
24
18
21
28
80
27
27
18
SAIL.——s
9.
d.
s. 4.
15-64 comp.
2 3©
21 3 ©
....©
a....
....©
ft....
....©
>•••8
©....
38
38
44
S3
....
27 6
....
....
....
....
THE CHRONICLE
52
Bankers
Cards.
Commercial
Russell & Co.,
MERCHANTS
COMMISSION
AND SHIP AGENTS.
Hong Kong, Canton, Amoy, Foochow,
Shanghai and Hankow, China.
Boston Agency,
) Represented by
J. MURRAY FORBES,}
S. W. POMEROY Jr.,
«
30 Cbntral Street.
105 Water St., N. Y
i
Hong Kong & Shanghai
Brokers.
and
BANKERS AND
MERCHANTS,
New York.
Cambria
Iron
AND
All business
WEDNESDAYS
ADRIAN
No. 7
PENN
Co.,
No.
Kong Kong, Shanghai, Foochow and
Canton, China.
STOCKS
Company,
AND
St., New York.
A GENERAL
BOUGHT
BANKING
AND SOLD ON
Old
Ware,
63
AND
GOLD,
C&Co.
New
Transact
a
United
States
Including the
O.
BOX
OLD
AND
TO
LOAN
10
prove
to
SECURITY
12 Per Cent Guaranteed.
Address, for full particulars,
D. H. TALBOT,
FOR
E.
S.
7
•
Saratoga Victory Mfg Co.,
Drawers
From Various Mills.
NEW YORK,
BOSTON,
& 45 White Street.
15 Chaunoby St,
,
r
PHILADELPHIA,
J, W. DAYTON, 230 CHK8TNUT STREET.
STREET.
Insurance
A
--
MANUFACTURERS
SPECIALTY.
Cash paid at once for the above Securities; or they
Will he sold on commission, at seller’s option.
Locomotives
OF
and
Fire
Amoskeag
Engines,
BLOOD,
Superintendent,
Manchester, N. fl.
Steam
W. G. MEANS,
Treasurer,
BANKER
No.
MANCHESTER, N. H.
ARESTAS
John B. Manning,
Works,
40_Water street, Boston
14
Wall
AND
BROKER,
Street, New York City.
SOUTHERN
A
JERSEY
21 Brown’s
purchase
Co.,
Buildings,
on
consignments, and all Information
afforded by our friends, Messrs. D. WATTS &
Co., 51
Stone street, New York, and Messrs. D. A. GIVEN A
SON, 64 Baronne Street, New Orleans.
J. C. Johnson St Co.,
BUYERS
FOR
MANUFACTURERS
MEMPHIS, TENN.
—
■■■■■■■■
—
——r*
State, Municipal and Railway Bonds and Coupons
bought and sold at best market rates. Investors or
dealers wishing to buy or sell are Invited to communl*
Wheless,
COTTON
COMMISSION
MERCHANTS
NASHVILLE, TENNESSEE*
Special attention glyen to Spinners’orders.
epondence solicited.
Corre
Rbfbbbnobs.—Third and Fourth National Bank {
and Proorietors of Thb Chbontolb
D. W; Lamkin &
Cotton
SECURITIES
Member of the New York Stock Exchange,
CO.
sale of future shipments or delivers s.
or
Advances made
SPECIALTY.
cate with us.
YORK.
&
W. C. Watts &
Stocks
MANCHESTER
Locomotive
NEW
Liverpool,
McAlister &
Dealings In
AND
Shirts and
Manchester and
Bailey,
PINE
PLACE,
HOUSES in
COTTON
Ellerton New Mills,
Atlantic Cotton Mills,
Hosiery.
Broker,
Sioux City, Iowa.
Reference.—First National Bank, Sioux City, Iowa.
Washington Mills, Chicopee Mfg Co.,
Burlington Woolen Co.,
MERCHANTS,
Solicit consignments of COTTON and orders for tl e
IN
FOP SALE.
A Choice lot of Lands in different parts of the
West. Also, Western Securities.
A Choice Invest
ment.
Co.,
LIVERPOOL,
Money
ON APPROVED
General Land, Scrip and Warrant
AGENTS
on con*
EXCHANGE
D E
TRIED.
IOWA, NEBRASKA AND DAKOTA.
E. R. Mudge, Sawyer& Co
52
W. Trask
brittle reeds. The old CENTRAL ILLINOIS LOAN
AGENCY stands unmoved amidst the storm. If you
wish Investments ABSOLU I'ELY SAFE IN ANY
CONTINGENCY, address, for circular—“ Actuary of
KANSAS. MISSOURI & CENTRAL ILLINOIS LOAN
AGENCY,*’ Jacksonville. III.
Wanted
AJli>
Liberal advances made
COMMISSION
2,647.
C. W.McLellan. Jb.
Bonds, Stocks, SAVINGS BANKS EVEN,
MILWARD’S. HELIX NEEDLES.
400 BROADWAY, NEW YORK.
future
«*
A Solid Ten Per Cent.
Street.
George A. Clark & Bro.,
orders
for
contracts
Knoop, Hanemann & Co
Investment Securities For Sale.
P.
Company.
of
54 BROAD ST., NEW YORK.
ADVANCES ma^e on warehouse receipts and
consignments of cotton.
BUY AND SELL cctton contracts and flr^tclass investment securit es.
STOCKS, BONDS and GOLD
margin.
A. M. Kidder.
Banting
Dnane
or on a
’
A tall supply nil Widths and Colors always In stock
No. 109
for cash
BROADWAY,
York.
General Banking Business,
purchase and sale of
SEAMLESS. BAGS.
Also, Agents
he execution of
sale
R. M. Waters &
A.nd all kind* of
•
or
aignment8.
COTTON SAIL DUCK
LNG, BAGGING. RAVENS DUCK, SAIL TWINES*
purchase
delivery of cotton.
COR. OF WALL STREET AND
COTTON CANVAS, FELTING DUCK, CAR CO' EB
YORK.
Special attention paid to
BANKERS,
AWNJNG STRIPES.’
NEW
for the
Manufacturers and Dealers In
*
COTTON EXCHANGE BUILDING,
or Con
merclal bills.
Co.,
“ ONTARIO ’
GENERAL COMMISSION MERCHANTS
Street, New York.
Special attention paid to the negotiation
Brinckerhoff, Turner
•
AND
IN
EXCHANGE
Wall
Murphy & Co.,
Cotton. Factors
Hilmers, McGowan & Co
FOREION
IN
Colton.
G. St. John Shef’ eld.
New York.
The Jobbing Trade ONLY Supplied.
&C
DEALER
BUSINESS.
Mip,
&
SON,
MMISSION.
SODA.
II
A
AND ALL CLASSES OF
(P. O. BOX 2,347.)"
OF
MULLER
INVESTMENT & MISCELLANEOUS SECURITIES
Refers by permission to W. 8. Nichols & Co.. Bankers
INTEREST ALLOWED ON DEPOSITS.
MANUFACTURERS OF
SUPER-CAUBOMTE
SATURDAYS.
ST. LOUIS CITY & COUNTY BONDS
STREET,
BROKERS
John Dwight & Co.,
AND
PINE STREET. NEW YORK.
•
BROKERS,
WALL
P. Sfyd\m Gbant.
BY
CO., of China,
104 Wall
33
TRANSACT
MERCHANTS,
&
II.
BONDS,
*
33 Wall
Gx-ant &
BOSTON.
REPRESENTED
AUCTION
J. Adden
Gaylord,
St., New York,
MERCHANT,
Olyphant &
AND
ON
relating to the Construction and Equip¬
BANKERS
No.
STOCttS
Company,
THE
REGULAR
hold
SALES of all classes of
ment of Railroads undertaken.
Post Office Box 2,634.
*
undersigned
Edgar Thompson Steel Co. (Limited),
Parker,
'14 Exchange Place,
OLYPHANT
The
Buy and sell Railroad Investment Securities. Col*
ect Coupons and Dividends. Negotiate Loans and
draw Bills of Exchange on London.
Agents for the sale of STEEL RAILS made by the
PI T1 SB UR OH,
COMMISSION
At Auction.
JOHNSTOWN, PENN,
Represented by
S. W. POMEROY Jbm 105 Water St.. N. Y.
COMMISSION
STOCKS and BONDS
41 CEDAR, COR. WILLIAM ST.,
Head
Charles E.
Financial.
j
J. S. Kennedy & Co.,
Banking
Corporation,
Office, Hong Kong.
„
rvoL. xxvii.
Co.,
Factors,
VICKSBURG, MISS.
Orders to Purchase Cotton In our market solicited.
Refer to Messrs. THOMAS J. SLAUGHTER, New
York,
@FedFRASER