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HUNT'S MERCHANTS' MAGAZINE,
REPRESENTING THE COMMERCIAL AND INDUSTRIAL INTERESTS OF THE UNITED STATES
VOL.
NEW
27.
YORK, JULY
Financial.
Finnnelal.
THE
OFFICE, No.
1
18i9
52 Wllllain Street,
AVALL STREET,
Plate Engraving and Printing
BASK NOTES, GOVEHNMEST AND
CORPOr.ATlON B0SD3,
CERTIFICATES OF STOCS. BILLS OF EXCHANGE
POSTAGE AND SEVENUE STAMPS,
PKOPRIE FART AND TRADE-MARK STAMPS,
In the
ti
prevent
with
the Art,
Style of
Iliitliest
BjfeifnarJs
OXE,
1
WO,
THREE
PtUern, Btyte or Device,
Size,
WITH STEEL PLATE
TINTS.
H. VAN ANTAVERP, Pres't.
MACDONOITGII, Vlco-Pres't.
A. ». SIIKPARD, Treasurer.
J.
J.
JXO. E.
A«A
p.
CURRIER,
PoTTis, Prest.
Secretary.
Sam'l Phillips, Cashier.
Maverick National Bank,
13
Surplas,
-•-...... $400,000
.-.«..... 200,000
_^
given to COLLECTIONS, and
prompt remittances made on day of payment.
Boston business paper discounted. Correspondence
Special attention
I
nTtted.
R. A. Lancaster & Co.,
BANKERS AND BROKERS,
60 BROADWAY, NEW YORK,
Bought and Sold on Commission.
Virginia Tax- Receivable Coupons Bought.
SOUTHERN SECURITIES A SPECIALTY.
LOANS NEGOTIATED.
A. H. Brown
&
Commercial and Travelers' Credits available
any part of the world. Draws Exchange, Foreign
and Inland, and makes Trans ers of Money by Telegraph and Cable. Gives specUl attention to Gold and
Silver Bullion and Specie, and to California Collec
tlons and Securities and arranges to pay Dividends
on such securities at due dates.
In
70 Broadway
dc 1 5
Hatch
&
No. 12
Foote,
WALL STREET,
AND
MISCELLANEOUS SECURITIES.
WALSTON
H.
BKOWK.
84
Interuatloual
Bank
HAMBURG.
I
BANKERS,
166 GRAVIER 8TREBT
NEW ORKiEANS
W^ALL STREET,
NEW YORK,
Issue Letters of Credit, available In all parts of the
world
LA
;
BANK OF
Time and Sight
on the UNION
LONDON. Cable Transfers made.
also.
Bills
&
Oilman, Son
Co.,
BANKERS,
CEDAR STREET,
sell
Government. Bonds and Investment Securities.
Gwynne &
Da^y,
No. 16
[Established 1S54.]
WaU Street.
Transact a general banking and brokerage business
In Uallway shares and bonds. Government Securities
and Gol3.
Interest allowed on deposits.
Investments carefully attended to.
J.
nSNGSTLXR.
C. 7.
KUSH2fE31UXI>T
Haar & Co.,
BANKERS AND BROKERS,
45 WALL STREET.
DEALERS IN SPECIE AND UNITED STATES
SECURITIES. Buy and sell Slocks, Bonds, and Gold
for cash or on margin.
orders for Investments.
Special attention paid to
York.
Kountze Brothers,
13
Hamburg and
JOHN BERENBERG, GOSSLER dc CO
Albert E. Hachfield,
18
^VALIi
STREET,
RAILROAD SECURITIES.
MERCHANT A\D BANKER,
of
London, (.Limited.)
HOUSE IN EUROPE,
ORDERS EXKCUTED AT THE PHILADELPHIA
AND BOSTON STOCK EXCHANGES
SPECIAL ATTENTION GIVEN TO THE NEGOTIATION OF
Charles G. Johnsen,
Co.,
ConRESPOXPEXTS OF
PBSD. A. BROWV.
BANKERS,
Pine Street, New
&
GOSSLER
J. H. IIAA.B.
BUY AND SELL
GOVERNMENT BONDS, GOLD. STOCKS
70 State Street.
Street.
63
STOCKS, BONDS and GOLD Bought and Sold on
Commission, and carried on Margins.
Deposits Hecelved and Intecst Allowed.
I9~ Accounts of Country Banks and Bankers re
ceived on favorable terms.
BANKERS,
BOSTON.
YORK,
Pearl
Transact a General Banking Business.
Co.,
Special attention to business of country banks.
NEW
In addition 10 a General Ba^'klng Business, bny and
New York
St.,
do
de
IM
WalstonH. Brown &Bro.
Bankers and brokers,
T W^all St., Cor. New, New YorM.
LNVKSTMENT SECURITIES.
do
Francis,
New
SMITH, PAYNE & SMITHS,
UNION BANK OF LONDON,
New Y'ork,TUe BANKof NE^v YORK.N.B.A.
Bankers, London,
BOSTWICK.
BANKERS AND BROKERS,
DEALS [IS IX
First-Class Investment Secnrltles.
GOVERNMENT BONDS, STATE. CITT, COUNTY,
BAILIIOAD & MISCELLASEDCS SECURITIES
&
Agents.
Issue
Petty & Bostwick,
BROAD STREET, NEW^ YORK.
Trask
J
"
;
Stock", Bonds, Gold and Government Securities
Voughr and sold for cash or on margin.
Southern and Western State, Municipal and Railroad Securities made a specialty.
Mining Stocks bought and sold at New York and
San Francisco Exchanges.
Correspondence solicited.
BOSTON.
Capital,
CHRIS TENSEN,
CHARLES W. CHURCH,
Member N.Y. Stock Exchanf^e.
or
MORE COLORS ami numbernl ConsecuUvelij.
KVMDERED LOCAL AXD COUPOH TICKETS,
Any
S. B.
3,S00,000
C. T.
Sak'l D. Datis.
Petty.
J. N.
Street.
(Invested In
U.S. Bonds)
PINE STREBT, NE1V YORK.
COMMISSION.
C. D. Wood.
PRINTING.
In
Surplus,
GOVERNMENT BONDS, MUNICIPAL AND RAILROAD SECURITIES BOUGHT AND SOLD ON
RAILWAY, COMMERCIII. AND
Wall
Capital, paid up.... $10,000,000 Gold.
BROKERS,
No. 31
Yorli Agency, C2
York.
Wood & Davis,
BANKERS AND
special
SECURITY PLATE PlilXTING.
SAFETY TINTS.
SAFETY PAPERS.
CIE.NERAI.
New
Accounts and Agency of Banks, Corporations,
and Individuals received upon favorable terms.
Dividends and Interest collected and remitted.
Act as agents for corporations in paying coupons
and dividends, also as transfer agents.
Bonds, stocks and securities bought and sold on
commission.
Sound railroad and municipal bonds negotiated.
Funds carefully Invested in Western farm mortgages, and the Interest collected.
Counterfeiting and
Alterations.
BAIL W.i Y TICKETS
OF SAN FRANCISCO.
New
firms
]VEW TORK.
Steel
The Nevada Bank
Co.,
li.VNKERS,
)
681.
Financial.
&
Paton
Jesup,
National Bank-NoteCo.
(INCORPOUATED
NO.
13, 1878.
NEW
l^ORK,
DIALS IX
Flrst-Class luvestnient Securities,
CITV BONDS OF ALL K1>*I>S,
Rau.boax> Bo.nds a]7i> Sovthxrx SxciTBrnxft OP
AI.I.
DlSCRIPTlONS.
rir ANTED.
Bouthcrn Railroad Bonds, all kinds.
Toledo Logansport & Burllngtoa BonAa.
Kansas PaclQc Railroad Bonds.
Union A L^gansport Bonds.
ludianipoUs A \ laccnnei Bonds.
,r-
r
:
:
THE CHRONICLE.
u
Foreign
Canadian Banks.
Canadian JBanks.
Exelikiig;e.
Orexel, IVforg^ij &•
[Vol. XXVII.
Cjc).,
Bank of Montreal.
Bank of Canada
Imperial
Capital,
CAPITAL,
SURPLUS,
COKKER OP BROAD, NEW YORK.
&
Drexel
No.
34
Co.,
SoCTH Third
I
St.,
Drexel, Harjes
&
GEORGE STEPHEN,
Paris.
Pblladelpbla.
DOMESTIC AND FOREIGN BANKERS.
Securlttea, Gold,
Interest allowed
Deposits. Foreign Exchange. Commercial Credits.
R, B.
Circular Letters
available in all parts of the world.
Cable Transfers.
MORGAN
OLD BROAD
Brown
LpNDON.
ST..
&
Brothers
N». 59 tTAI.!. ST.,
!V.
Co.,
Y.,
tee of repayment, Circular Credits for Travelers, In
dollars for use In the United States and adjacent
countries, and in pountis iterling for use In any part
of the world.
THEY ALSO ISSUE COMMERCTAL CREDITS
MAKE CABLE TRANSFERS OE MONET BETWEEN THIS COUNTRY AND ENGLAND, AND
DRAW BILLS OF EXCHANGE ON GREAT
BRITAIN AND IRELAND.
&
G.
G. C. Ward,'
AGSNTS FOB
BARING BROTHERS & COMPANY,
52 WALL STREET, NEW YORK.
28 STATE STREET, BOSTON.
J.
&
&
Stuart
J.
Co.,
EXCHANGE ON
Sc SMITH'S,
BILLS OF
SMITH, PAYNE
BANKERS, LONDON
;
MANCHESTER & COUNTY BANK,
"LIMITED";
JOHN STUART & CO., Bankers,
MANCHESTER, PAYABLE IN LONDON
UI.STER BANKING COMPANY,
;
BELFAST, IRELAND
AND ON THK
BANK OF
NATIONAI.
SCOTI.ANI>.
London Office, No. 9 BIrcbin Lane.
AtiEJVCr OF THE
Bank of British
North America,
BANKERS,
S9 EXCHANGES PLACE,
CORNER BROAD STREET, NEW TORK.
Issue Letters of Credit for Trarelers,
Payable In any part of Europe, Asia, Africa, Australia
(Dd America.
Draw Bills of Exchange and make telegraphic transfera of money on Europe and California.
&
John Munroe
Co.,
No. 8 Wall Street, New York,
No. 4 Post Office Square, Boston.
CHEQUES AND CABLE TRANSFERS ON
PARIS.
CO.,
BTERLENQ CHEQUES AND BILLS AT SIXTY
DATS' SIGHT ON
ALEXANDERS &. CO., LONDON.
AHD CBBDITS FOB TBATBLasS.
ClBOtTLAB NOTES
Knoblauch
&
BANKERS,
%9 'WllUam
St., cor.
NEW
Exchange Place,
all
Demand Drafts on Scotland and Ireland, also on
Canada, British Columbia and San Francisco. Bills
Collected and other Banking Business transacted.
D. A. MacTAVISH, ( . ^p.,.
Agents.
WM. L.iWSON,
}
SPECLAL PARTNER,
DEUTSCHE BANK. Berlin.
G. Amsinck
160 Pearl
&
Street, Ne-w
THI
Co.,
fork,
ASBITTS FOB
liONDON
Capilal,
$2,000,000.
BEAD
AND HANSEATIO BANK,
(LnoTiD).—liONDOB.
r
Reserve,
$1,000,000.
OFFICE, 10R0NT0.
DiTNOAN CotJLSoN, Cashier Hugh Leach, Asst. Cash
Branches at Montreal, Peterboro, Cobourg, Port Hope
Barrie, St. Catharines, Collingwood.
;
BANKERS:
LONDON, England.— The City Bank.
National Bank of Commerce,
nhw
N Bw vnRTT
i oek. i
j J, p smitiiers and W. Watson.
Collectionsmade on the best terms.
Foreign Banker!^.
Banque
Centrale
Anversoise,
Antwe rp
Paid-Up Capital,
No. 50
Capital,
$6,000,000 Gold.
$1,900,000 Gold.
Surplus,
Buys and
Sells Sterling
9,000,000 Francs.
-
BOARD OF DIRECTORS:
of Commerce,
WALL STREET.
Bank
.
Exchange, and makes Cable
Transfers of Money,
Felix Geisae, President.
Alfred Maquinay (Graff & Maquinay), VIce-Pres,
J. B. VoNTEE Becke (B. Von der Becke).
Otto Gunther (Corneille-David).
Emile de Gottal.
Ad. Frank (Frank, Model & Cle.)
Aro. NoTTEBOHM (Nottcbohm Freres).
Fb. Dhanis (Michlels-LoQS).
JoH. Dan. Fdhbmann, Jr. (Joh. Dan. Fahrmann).
Locis Webbe (Ed. Weber & Cie.)
JtiLBS Ractenbteacoh (C. SchuUd & Cle.)
issues Commercial Credits available everywhere.
J.
J.
G.
H.
HARPER,
GOADBY,
(
A^..,,
Agents.
S
Merchants' Bank
CANADA.
Capital,
-
-
-
BANKERS
AND
COMMISSION MERCHANTS*
OFFICE, MONTREAL.
GEORGE HAGUE,
WM.
J.
General Manager.
Asst. General Manager.
INGRAM,
BANKERS.
LONDON, ENG -The Clydesdale Banking Co.
NEW YORK—The Bank of New York, N. B. A,
AMSTERDAM, HOLLAND
N. T. Correspondents.-Messrs. BLABLE BROS.
Henry
New York Agency, No.
with Messrs. JTESUP,
58 W^IIllam St.,
PATON & CO.
Exchange Bank
HEAD
Up
-
-
C.
$1,000,600.
K.IMURRAY,
Hakiltoh, Omt.j Atlmbe, Ont.j Pabk Hill, Oht.;
BZDFOBD, p. Q.
Co.>
,
in all parts of
Grant
the world.
COMMERCIAL CREDITS
for
use against-
Consignments of Merchandise.
Execute Orders on the London Stock Exchange.
Make
Collections on all Points.
Receive Depoe t
KING, BAILLIE
&.
CO., Liverpool.
NEW TORK C0RRKSP0NDBNT8,
Messrs.
WARD, CAMPBELL
te.
CO.
Boston Bankers.
Chas. A. Sweet
&
Co.,
STATE STREET, BOSTON.
Halifax.
Sterling and American Exchange bought and sold.
Interest allowed on Deposits.
::CollectIonB made promptly and remitted tor at low.
»«
45 Pall Mall, Lontton, Enslaud.
CIRCULAR NOTES />•« oj charge, avallabl»
40
CHICAGO.— Union National Bank.
BUFFALO.-Bank of BuIIalo.
3B
E K
BANEMiS:
(CITT).— Owen Murphy.
LONDON.—The Alliance Bank (Limited).
NEW TORK.—The National Bank of Commerce.
Messrs. Hllmers, McQowau & Co.
eat rates.;
K
Issue
Cashier-
BBAlfCBES:
NOVA SCOTIA.—Merchants' Bank of
FOBElOJf AOESTS
N
General London and Foreign Banking Business.
OFFICE, MONTREAL.
Pres't.
B A
& CO-
and Current Accounts on favorable terms, and do
OF CANADA.
Capital Paid
&
King
S.
Bank of the Republic.
The New YorK Agency buys and sells Sterling ExNational
change, Cable Transfers and Gold, issues Credits
available In all parts of the world, makes collections
In Canada find elsewhere, and issues Drafts payable
at any of the offices of the bank in Canada
iJemand
drafts Issued payable in Scotland and Ireland, and
every description «f foreign banking business undertaken.
A
RUSINESS.
Adolph Boissevain & Co,
$5,461,790, Paid Up.
President, the Hon. JOHN HAMILTON.
Vice President, JOHN MoLENNAN, Esq.
HEAD
TRANSACTS
GENERAL RANKING
AOBNTS:
Credit
Agents In New York
Bank of Montreal,
59 Wall street.
street.
The Bank of Toronto,
CANADA.
The Canadian
QUEBEC
principal cities of Europe.
Cashle:
rates; also Cable Transfers.
TORK.
Make Telegraphic Money Transfers.
Draw Bills of Exchange and Issue Letters oi
WILKIE,
Promptest attention paid to collections payable la
any par^ of Canada.
Approved Canadian business paper, payable In gold
or currency, discounted on reasonable terms, and
proceeds remitted to any part of the United States hi
gold or currency draft on New York.
«
Commercial Credits issued for use In Europe, China,
Japan, the East and West Indies, and South America.
Demand and Time Bills of Exchange, payable In
London and elsewhere, bought and sold at current
M. H. 6AT7LT,
Lichtenstein,
Lombard
93
TTALL STREET.
No. 52
OF
& W. Seligman & Co.,
Sc
Agents.
;
CABLE TRANSFERS AND LETTERS OF CREDIT
MUNROE
\
sell Sterling
ALSO,
J.
Agents In London
BosANQUKT, Salt & Co.,
OFFICE,
WALL STREET.
61
D. &.
Dealers In American Currency and Sterling Exchange-
General Manager
Exchange, Francs and Cable
grant Commercial and Travelers' Credits, available in any part of the world ; issue drafts
on and make collections in Chicago and thronghout
the Dominion of Canada.
Bay and
NASSAU STREET.
33
&:
;
OFFICE, TORONTO.
ANGUS,
C. F. Smitheks,
Transfers
Issue, against cash depoBl ltd, or satisfactory guaran.
"S.
HEAD
$1,000,000.
President
Beahohes :—ST. CATHERINES, PORT COLBOENE,
ST. THOMAS, INGEBSOLL, WELLAND.
Waltee Watson,
Attorsbys and Agents of
lOesars. J. S.
Sc CO.,
No. 28
No8. 59
Travelers,
for
HOWLAND,
S.
President.
NEW YORK
DepOBlts received subject to Draft.
Ac, bought and sold on Commission.
on
H.
C<i
Boulevard Haassmani}
31
$12,000,000, Gold.
5,500,000, Gold.
DEALERS IN GOVERNMENT
State, city,
SECU.^ITLES, Bold,
County and Railroad Bonds.
Parker
BANKERS,
Bay and
78
&
Stackpole,
DBVONSHIRB STRBE'f
BOSTON,
Sell
Ooamty Bonds.
\restern
City
and
:
Jvvi
:
:
..
THE CHRONICLE.
1878]
13,
.
—^
.
California Bank*.
Bo*ton Banker*.
OcoKei H. Holt,
Membor N. Y. Stock Bxctaange.
eio. Wx. Bkuav.
Bank
Tlie
Oqftonclal.
of California, San Francisco.
Capital, Paid up in 0»ld. $5.(XW,000.
Oeo.Win.Balloii&Co
8
WALL STREET.
New
13
DEVONSHIRE
WM. ALVOKD, President. THOMAS BROWK, Cosb'r.
B. MURRAY, Jb., Asst. Cashier
ST.,
BANKERS,
BANKERS AND DEALERS IN
AGENTS FOR THE B.\NK OF CALIFORNIA,
No. 12 Pine St., New York.
Municipal Bonds.
Receive deposits and transact a general banking
business execute orders at the K. Y. Stock Exchange
for Stocks, Government, State, Municipal and Balk
road Bonds and Gold.
;
&
Brewster, Basset
Co.,
Partlt-nlar adeiitf on Klven lo tlic pnrand male of mining stockH in San
Franrlsco, for ivlilch we liavc the best
BANKERS,
cha.<ic
rONCHKSS KTRKI-T,
No. 3S
Tlaii«
ttOMtoii,
and
Ufiilen ic f.nclct. Bun<l«. <ioid
CammercUJ
ADCTlODc.Bud
on Comini«»ion
Kraum
«i
&
Phlla.
&
Wilson, Colston
LEGAL DEPOSITORY FOR MONEY.
Interest allowed on Deposits, which may be made
and withdrawn at any time.
X.B.— Checks on this Instltntfon pass through the
CorrespoDdence
nished.
N. \
suticHed
Add
fnforMatlOQ
CoRRE8POND«NTB— MnKlm
,
Bro»hAr«
*
LILIES THAL
McKim
SiocKb and Bonds promptly executed at
New Iforlc Boards.
In
XI
he Philadelnhla and
It
^. WIII.IAXS.
C1IA8. B. MILLER.
BANK,
Co.,
ALABAinA.
.TIOBILE,
Special attention paid to coltectlone, with prompt
remUtan^es at current rates of excbaage on day of
^jmeHt.
CoireRiwn dents. — German American Bank, New
fork; LonUlana National Bank, New Orleans Bank
;
M Liverpool, Llvf^rpool
K. B. B^RBUBB,
A. K. Wai.£br, Cashier.
Preft't.
National Bank,
First
WILiniNUTON,
mane on
CoIlectloDS
all
N. C.
parts of the United States)
THE CITY BANK OF HOUSTON,
Capital, $500,000,
Houston,
Texas.
We
g\ve special attention to collections on all accessible points.
DiRKcTOBS.— Benjamin A. Botts. Pres't: C. S. Lone*
«ope, W.J. HutJtllns.F. A. Klce, C.C.Baldwin, W.B.
BEN J. A. BOTTS. Pres't.
Botts, Bob't Brewster.
B. F. WEKMS. Cashier.
V.-F. PlMZEL,
President.
"
(
STATE BANK,
I
i
Incorporated
d W^5.
{
C. T. Walkbb
' '
Cashier.
-
I.ITTI.E
•CAPITAL
:
StTBPLUS
the Metronolltan National Bank.
G. G. Williams,
CHAJTIPAION, ILL.,
OFFERS FOR SALE
BEAIi ESTATE FIRST MORTGAGE
COUPON BONDS,
In amounts of $1,000 and upwards, yielding EIGHT to
TEN per cent seml-annual interest, and negotiated
throogh the houses of
BURNlIAif. TliKVBTTd: tTATTlS, Champatgn,
BDHyUAM
BnRXBAM
it
d:
TULLEYS. Council Btujrs.loiia.
BKYKR, Grinnetl, Iowa.
HI.
BURynAM, (jRMSBY A
CO., Emmetsburg, Iowa.
All these loans are carefully made, after personal
inspection of the security, by members of the above
firms, who, ll\ing on the ground, know the actual
value of lands and the character and responsibility of borrowers, and whose experience In the busi-
ness for the past SIXTEEN YKAlfe has enabled tbem
to give entire eatlef action to lavestora.
H. OGILVIE, Secretary.
The Brooklyn Trust Co.
at
ft
act as agent In the sale or management of real
estate, coUecllnte'-est or dividends, receive reglatry
int* transfer books, or make purchase and sale of fiov.
arnfv tut aid other securltiee.
Heligious and charitable tnstltuttoas, and persons
anaccustomed to tne transaction of business, will And
Company a
this
noney.
safe and convenient depository for
RIPLKY KOPES, President.
CHAS, B aMARYIN.
Sdsab M. Ctjllbn. Counsel.
338,481 18
a6,171 78
Alex. McCue,
Rockwell,
Benry Sanger,
Chas. R. Marvin, A. A. Low.
Thomas SalUvan, A'-m. B. Baylls, Henry K .Sheldon
U.E. Pierrepont, Dan'lChauncey, John T. Martin,
Alex. M. Whltp,
Joslah O. Low. Kipley P.opea.
Jrthn P. Rolfe,
Austin Corh»n,
Wm.
2,172,096 07
00
45 03
147,44'J
1,018,000 00
525,000 00
the
New
&
ft^.rretary
Co.,
METROPOL TAN NATIONAL BANK,
York. In the SUte of
Beaourcea.
Overdrafts ...
U. S. bonds to secure circulation
Other stocks, bonds and mortgages
Due f r jm other national banks
profits
Circulating notes received from ComptroUer, less amount on hand and with
Comptroller for burning
State bank circulation outstanding
Due from
State hanki
Aecks
Due to other national banks
Due to State banks and bankers
|18,877i647 45
Count]/ of Ifno York,
Cashier of The American
CUv and
EDMOND WILLSON,
Exchange National B nk in New York, do solemnly
swear that the above statement la true to the Dest of
my knowledge and belief.
E.
WILLSON,
W.
C.
LANOLEY.
....
Rent account
Checks and other cash Itema
Exchanges for Clearing House
Bills of other banks
Fractional currency (Including nickels)
Specie (Indudlnar gold Treasury certifi-
Legal tender note 4
U. 3. certificates of
e95,881 00
831,938 00
deposit for leg
I
1,780,000 00
Redemption fund with U.
8.
Treasurer
112,500 00
per cent of circulation)
181118,953 36
Liabililiea.
»3.0OO,OOO 00
00
00
00
00
153.0U 28
6,261.954 8S
87.741 35
1.584,048 34
323.464 98
4,806,685 03
1,901,711 60
800,000
75,000
2,167,200
19.076
Surplusfund
Reserved for taxes
National bank notes ontsundlng
State bank notes outstanding
Dividends unpall
Individual deposits subject to check.
Demand certificates of deposit
.
1
Cashier's checks outstanding
Due to other national banks
Due
to State
banks and bankers
'»ai,118,988 86
Total
State nf
GEORGE
York, County of Wsie Tort, «-• I,
J. McOOURKEY, Cashier of the above-
Sea
named Bank, do solemnly swear that tHo above statement Is true to the best of my knowledge and belief.
•GEORGE
J.
MoGODRKET, Caabler.
me this »th dayot
Subscribed and sworn to before
BOBEBT Owbn, Notary Public,
July, 1878.
Cashier.
and snbcrlbed before me this ninth day of
Witness my hand and notarial seal.
A. B .SoDaBBa, Nctary Public.
Correct.—Attest
and bankers
Real es'ate, furniture and fixtures
Certified checks
00
00
00
06
92
79
2,553,383 00
1,305,711 56
194,183
8,299
11.699
7,052,104
180,183
960,343
Individual deposits subject to check. .
Demand certificates of deposit
Tori,
. .
,
Capital stock paid In
{5,000,000 00
1,160,147 01
151,593 11
In
$8219,037 18
6,940 03
2,500,000 00
994.'&70 41
t.141.171 57
114,367 29
710.874 30
3.500 00
9J.184 49
338,978 70
3437.964 34
89 542 00
4,138 07
Total
104,300 00
at
York, at tie close of
29, 1S78.
22,500 00
Cap tal stock paid
enrplnsfund
New
Loans and discounts
(5
U. S. Treisurer (other than 5
July, 1878.
Coriles.
RHNKKR.
tenderi
tion
to
B.
cates)
1,175,100 78
Legal tender notes
C. S. certificates of depos t fer legal
tender notes
Redemption fund with U. 8. Treasurer
(not more than 5 per cent on circula-
Sworn
Edmund W.
Premiums paid
202,037 23
baaks
...
Fractional currency (including nickels)
Specie, viz.; Gold coin, sliver coin, and
gold Treasury certificates
Ntw
t.
J. S.
business June
05
57
00
04
92
73.516 83
ing gold checks
State of
Vice-Pres
TRUSTKK8:
R. T. Wilson
AMERICAN EXCHiNGE NATIONAL
New York, In the State of New York, at
Bills of other
Ccrtlfle'i
Brooklyn, N. Y.
2 Exchange Court, Nenr York.
State banks and banker^)
Banking house and other real estate. ..
Current expenses and taxes paid
Checks and other cash Items, Including
stamps
Exchanges for Clearing Souse, Includ-
Undivided
sts.,
BANKERS AND COMMISSION MERCHANTS,
Due from
Due from
Clinton
la
tratijf.
i; can
Co.,
the close of business on the 29th ay of .June, lo'.li
Resources.
Loans and discounts
tlO,961,lSt
Overdrafts
938
r. S. Bonds ro secure circulation (par
va.ue)
500.000
Other stocks, bonds and mortg ges ...
410.1T0
Ducfromotbernatlonalbanks
»41,793
»8.: I,
Compauy
authorized by special charter to set
receiver, trnstee, giiardlan, execu or or admtnli-
York.
Dividends unpaid
A. C. Burnham,
1861.]
&
Brothers
LtaWitiea.
$75,000.
25,000.
Prompt attention given to all business In our line.
K. Y. CoBBKSPONDBNTs, Donnell. Lawson A Co. and
[EsUblisbed
Cashier.
»18,677,tH7"45
ROCK, ARK.
(Paid-in)
$6,000,000.
1,550,000.
per cent redemption fund)
German Bank,
Saxubl Willets,
Wm. WiirTEWBiouT.
Geo. CaSot Wakd,
Theodoez Roosevelt.
OF THE CONDITION OF "DEPORT OF THE CONDITION OF
REPORT
the
BANKERS.
Preaidtnt.
EXECUTIVE COMMITTEE.
Financial.
JNO. W. MILLXV,
&
Thos. P. Miller
•
BANKERS,
Wall Street, New
Sonttaem Bankers.
Taos. p. MILLKR.
-
Transact a general Bai^klng bu-'lness. Issue Com
mercial Credits and Bills of Exchange, available In all
parts of the worM, corections and orders for Bondp.
Stocks, etc.. executed upon the tnost favorable term..
P. N^
ST.),
1'(c«
M. McLban,
Augustus Scoell,
E. B. Wesley.
«
St.
FHEn-K F. LOW,
iinanaaera
UiNATZ STKISHAKT.j"*"**""'
J.
STOCK BROKER,
SOS WALNUT PL.\CB (316 WALNUT
PHILAOELPHI.l.
orders
fur-
''o
M
J.
This
& W. Seligman&Co.
Antborized Capital,
Paid-up and Reserve,
Austin,
Bell
Agents, J.
•
a
Pretideat.
\ ice- President.
\Ht
Wm. Wuitkwbiobi,
Cor- of Montague
LONDON, Head Office, H Angel Court.
SAN FRANCIKCO Office, 4«2 California
4?eclalty.
EDWARD KMO,
Clenrlng-House.
.1. M. MoLkan,
J.
Co., NEW YORK
B&NKKUS AND BKOKEEiS.
BAL.Tlir.OKE.
LNVKSTMENT and VIKOINIA SKCUKITIBS
$1,000,000.
•
•
Authorized by law to act as Executor, AdministraGuardian, Receiver, or Trustee, aad Is a
(LIMITED),
Balllniore Bankers.
-^21
T H K
Anglo-Californian Bank
-tn h-,nr,.
-
tor,
facilities; also all other California Sccnrlties,
Issue Bills of Exchange. Letters of Credit ani Telegraphic Transfers on London, Yokohama, Shanghai,
Hong Kong, Honolulu, Virginia City and San Fran-
Board
rrlTftte i^aie.
lnTe«tment Secuntle* ronp'mittv
-
St.
HAS SPECIAL FACILITIES FOR ACTING AS
Traniifer Agent and
Rcgifttrar of Stock*.
cisco^
OT'l«r» executed
CO.
No. T3 Broadway, Cor. Rector
CAPITAL,
Laidlaw & Co.,
Boston,
Vork,
UNION fRUST
OF NE^ YORK,
New
Yorlc.
Correct—Attest
WILLIAM
B. LEB,
1
HENRT L. PLEB30N, Directors.
OEOBGK I. SBNKY, J
I
:
THE CHRONICLE.
IV
Auctioneer, No. 5 Pine
St.,
SE1,I. AT PUBI/IC AUCTION,
Wllil,WEDNKSD.\Y,
July 84, 1S7S, at iai30
on
o'clock P. M., at the Exchange Sales-room. No. lU
Broadway, by order of James D. Fish, Esq Hcceiver of ihe Tentonia Savings Baul^:
64 bonds of the town of Hamlin for $1,000 each,
Nos. 4 to 53, inclusive ; 23 bonds of the town of
Hamlin $5'J0 etch, Noe. 65 to t<4 and 9.3 to 98, ail inclusive; 6 bonds of the town of Kendall for 81,000
each, Nos. -i, 2S, 29, 31, 3i and 33, interest at 7 per
cent, payable April and October; 50 Brooklyn City
7 per ctnt Sewerage bonds for $1,003 each, due
,
July 1, 1880. Nos. 20 to 45, 71 to 100, all inclusive,
interest payable January and July. A'ao, bonds of
the City of New York, with interest at 7 per cent,
payable May and November, as follows New York
Assessment Fund bond for $18,303, duo Nov. 1,
1873, No. 88; New York Tax Relief bond for $3,000,
No. 175, due July 1, 1879 ; Street-opening and Improvement bond for $1,000, No. 17, due Nov. 1. 18 2;
New York Accnmulated Debt bond for J15,000
No. 35, due November 1, 1884; New York Accumulated Debt bond for $10,000, No. E4, due
November 1, 1885; New York Accnmulated Debt
bond for $J,800, No. 34, due November 1. 1886;
New York City Improvement Stock for $30,000, No.
573, due Nov. 1, 1889; two shares of New York City
Improvement Stock for $1,000 each, Nos. 698 and
693, due Nov. 1, 18S9 Also the following 6 per cent
County Court House Stock, interest p yable May
and Ncveraber: No. 45, for $5,000, due Nov. 1, 1885;
No. 83, for $5,C00, due Nov. 1, 1688; No 96, for
$2,000, due Nov. 1,<]839. Also, 13 bonds of the City
of Brooklyn, Third' street Improvement Loan, for
$1,COO each, due July 1, 1881, interest at 7 per cent,
payable January and July, Nos. 56 to 68. Also, the
following bonds of the Town of West Farms for
$500 each, interest at 7 per cent, payable semiannually; Nos. 17 and 18, due May 1, lS7a; Nos. 19
;
due May 1, 1880; Nos. 81 to 24, due May
Nos. S5 to 28, due May 1, 1888; Nos. 39
and 40, due May I, 1885; No. 41, due May 1,1886;
Nos. 17310 178, due March 1, 1886; Nos. 199 to 200,
due March 1, 1887; Nos. 201 to 820, due March 1,
1883; Nos. 821 to 8:M, due March 1, 1889. Also, 11
bonds of the Town of Westchester for $1,C00 each,
and
I,
20,
1881;
interest at 7 per cent, payable May and November,
Nos. 5'jto6I, due May 1,1884; Nos. 64 to 6, due May
1, 138J; Nos. 86 to 90, due May 1, 183H. Also, the following bonds of the Town of East Chester, for *50J
each, interest at 7 per cent, payable semi-annua.ly; Nos. 1 to 9, due April 1, 1888; Nos.
283
172 to
due August
1833; Nos.
174,
1,
to 591, due August 1, leSb; Nos. 3B6, 357 and 3';9,
due Augu?t 1, 1889; No. 391, due Aug. 1, 1890. Also,
four bonds of the Town of Rye. for $500 each, interest at 7 per cent, payable May and November
Nos. 206, 207. 209 and 210. Also, 34 bonds of the
1
:
Town
of Morrisatiia, for $500 each, interest at 7 per
cent, payable March and September; Nos. 105 to
120, due
rch 1, 18^3; Nos. 121 to j37, due March
Also, bonds of
1, 1884; No, 2S3, due March 1, 1892.
the Town of Kendall, interest at 7 per cent, payable
April and October; No. 4, due April 1, 1879; Nos. 5
and 6, duo April 1, 1850; Nos. 7 and 8, due April 1,
1881; Nos. 9 and 10, due April 1, 1882; Nos. 81 and
28, due April 1. 1883; Nos. 83 and 24. dne April 1,
1889; Nos. 25 and 26, due April 1, ISilO; No. 27,
dne April 1, 1391; No. ;50, due April 1, 1892, all
for $1,000 each; and the following of $500 each;
Nos. 43 and 4', due April 1. 1(<;9; Nos. 45 and
46, flue April 1. 1330; Nos. 47 and 48, due April 1,
1881; Nos. 49 and 60. due April 1, 18«; Nos. 51 and
58, due April 1, 1683; Nos. 63 and 54, due April 1,
1884; Nos. 55 and 56. due April 1. 1885; Nos. 57 and
5S, due April ], 1886; Nos. 69 and 6->, dne April 1,
1887; Nos. 61 and 62, due April 1, 1333; Nos, 63 and
64, due April I, 1339; Nos 65 and 66, dua April 1,
1890; Nos, 67 and 68, duo April 1, 1391; Nos. 69 and
70, due April 1, 1812; Nos. 71 and 72, due April 1,
1893; No. 13, due April 1, 1894.
M
WINGATE &
First Mortgage
Valley Railway
OF OHIO,
Seven Per Cent Bonds
op THE
SEVEX PER CENT
ROCHESTER *. STATE EI3iE
RAIE^VAY COMPANY.
First Mortgage Sinking
Scioto
PRICE
MINING COMPANT,
31
Broad
etreet,
New York,
8, 1878.
DIVIDEND N\29.
through one of the most
The net earnings
TTNION TRUST COMPANY OF NEIV
5,
corner of Rector street,
1878.— At a meeting of the
Trustees of the Union Trust
Company
held this day, a Dividend of
HALF
(3X)
PER CENT, upon
of
New
Board of
New York,
THREE AND ONEthe capital stock
declared from the net earnings of
t!ie last
was
six months,
payable on demand.
JAMES
H.
H. OGILVIE, Secretary.
Grant,
No. 146 BROADTTAIT,
L.
the State.
of the present time are nearly
twice the fixed interest charges, and are steadily
increasing.
For
particulars apply to
WINSEOW,
liASIIER
CO.
&,
20- YEAR
SEVEN PER CENT GOLD BONDS.
PRINCIPAL DUB 1894, INTEREST APRIL AND
OCTOBER, COUPON BONDS $1,C00 EACH.
CAN BE REGISTERED IF DESIRED.
&
Trust Co.,
New
of one hundred thousand tons of coal per annum
will pass over this road to the city of Rochester
alone. The local business is very large, as the road
passes throush thirty towns between Rochester
and Salaman(a, in which there are eleven flouring
mills besides various other manufactories.
The
net earnings of the road are more than double the
interest on the bonds. The bonds are a first mortgage lien, at the rate of J20,000 per mile, UDon the
road aTid its equipment.
We have sold over
$330,000 of these bonds during the past month. We
offer for sale a limited amount of these Bouds at 90
per cent and accrued interest.
WALSTON
SECURED BY A SINKING FUND AND BY A
AND ONLY MORTGAGE OPON THE
WATER WORKS ERECTED AT KANSAS CITY.
We recommend these bonds as a perfectly safe and
FIRST
DONKEEI., EAWSOIV
Delaware and Hudson
Canal Company
FIRST MORTGAGE, 4C.YEAR, 7
FER CENT BONDS.
PRINCIPAL DUE 1917 INTEREST, MARCH
;
REGISTERED
$1,000 EATJH
BONDS OF $5,000 EACH.
ARE SECURED BY A FIRST AND ONLY
MORTGAGE ON ALL THE PROPERTY OF THE
COMPANY IN THE STATE OP PENNSYLOF
&
CO.,
Broadway, Neiv Xork.
Texas Bonds.
STATE, RAIIiROAD, COUNTY AND
MVNICIPAIi BONDS
BOUGHT AND SOLD.
;
VANIA.
FOR SAiE AT 101 AND INTEREST.
We recommend these bonds to investors desiring
a gecurity of undoubted character.
TEXAS LANDS AND LAND SCRIP FOR SALE.
DREXEL, MORGAN
Correspondence Solicited.
CHEW,
AVINSIiOW,
29 Broadway.
&.
CO.,
BANKERS AND BROKERS,
ST. I,OUIS.
References,—Messrs. Clark, Dodge & Co., Speyer
New York E. W. Clark & Co., PhUadelphla.
Co.,
CO.,
LANIER &
CO.,
Corner Nassau and Cedar
Special attention given to Compromising. Funding,
Buying or Selling Missouri County, Township and
Municipal Defaulted Bonds.
Holders and dealers would consult their Interests by
conferring with us. Reliable Information cheerfully
KELEHER
&,
Corner Wall and Broad Sts.
Defaulted Bonds.
P. F.
BRO.,
AND SEPTEMBER; COUPON BONDS
desirable investment.
J. C.
BROWN &
H.
34 Fine Street.
York,
TRUSTEE.
PRICE PAR AND ACCRUED INTEREST
No. 92
upward of 65 cars < f oil per day pass over the
road. The company is under the same control as
the New York Central, and Is already earning a
surplus over the interest on its bonded debt. The
City of Rochester invested a large amount in the
Company at par, in order to
secure a shorter line for a coal supply, and upward
street.
KANSAS CITY
Waterworks Loan,
Farmers' Loan
from the Southwestern States. A pipe line for
transporting petroleum oil has been constructed
from the Bradford Oil Regions to Salamanca, and
Capital Stock of the
26 Nassau
furnished.
The ReRular Monthly Dividend of FIFTY CENTS
per share has been declared for June, payable at
the office of the tr.nnsfcr agents, Wei s, Fargo & Co.,
65 Broadway, on the 15th instant.
Also, an
EXTRA DIVIDEND (No. 30),
Of same amount has been declared, p.iyable at the
same time and place.
Transfer books close on the 15th Inst.
H. a. PAltSONS, Assistant Secretary.
Tort, July
fertile valleys of
the rich valleys of the Genesee and
Wyoming, a-d forms the connecting link between
the New York Central and the Atlantic & Great
Western, making it the shortest and most direct
route for all the "isew England business coming
throufih
without floating debt, and running
completed
C
Turk, 73 Broadway,
AND INTEREST.
90
Issue of $12,500 per mile on 100 miles of road,
CULLESr,
FFICE OF THE ONTARIO SILVER
The Rochester <£ State Line Railway runs from the
City of Rochester to Salamanca, in the State of New
York, a diitance of about 109 miles. It passes
Fund Bonds.
Attorneys for Receiver, No. 206 Broadway.
July
Financial.
Financial.
Financial.
Beksakd Smyth,
[Vol. XXVII.
&
Sts.
CHICAGO & ALTON RAILROAD
six Per Ct. Gold linking Fnnd Bonds,
UNITED STATES TRUST CO., Trustej:.
Ft'ee of all Tazen, imposed or to be imposed.
1903,
Interest payable May 1 and Nov. 1.
These bouds arc a direct obligation of the Cnlcago
& Alton Rli., and have a first lien over the Cnlcago
Kansas City & St. Louis KK.— 163 miles— lu Missouri.
They are recommended as a safe aud desirable Investment.
For sale at par and Interest.
Bonds due
JESUP, PATON & CO.,
62 WILLIAM STR EET, NEW YORK.
AVANTED.
;
No.
N. T.
Beers, Jr.,
Brooklyn
Stocks,
GAS STOCKS,
WALL STREET.
Geo. H. Prenti ss.
i
Room
a
SO
23.
Northern Pacific RR, Preferred stock and Bonds.
Oregon Steam Navigation Co. Stock.
Claims on -Jay Cooke & Co.
Texas Pacific RR. Land Grant Coupon Bonfls.
Jefferson. Madison & Ind. KK. 1st and 2d Mort. Bonds
Sandusky Mansfield & Newark KK. Bouds.
City, County and Town Bonds of Ohio, Iowa & Wis.
LouIkvIUe & Nashvlile KK. Stock.
Fort Wayne Jack. & Saginaw KK. Bonds.
Q
Interest-paying Bonds of Southern Itallroads.
Cairo & Fulton RK. Bonds, all Issues.
Kansas Pacific Railroad Bonds, all Issues.
FOR SALE.
BROAD STREET.
.
Jersey City and New Brunswick
*t. CJTLEV, 31
WM.
CAS STOCKS
A SPECLALTT.
Brooklyn Securities Boaelit and Sold
"
WANTED
Alabama, Soutli Carolina tc I<onIsIana
State Bonds;
NeiiV Orleans Jackson Sc Gt. Northern,
NE'W YORK.
mUsslsslppt Central, and ITIoblle
Sc Ohio Railroad Bonds
CITY RAILROAD STOCKS & BONDS
City of New^ Orleans Bonds.
BOUGHT AND SOLD.
Sc BORG,
Bee quotations of City Railroads In this paper
36 WALL STREET.
G. T.
per
ct.
Pine
bonds, 1897.
St., N. Y.
Bonner &
Co.
BANKERS AND BROKERS,
No. 20 Broad Street, New Ifork.
WANTED
Atchison
&
:
Pike's Peak Rl!. Ist Mortgage Bonds.
Keokuk & Des Moines RK. Bonds.
Danville Urbana B, & Pckin RK. Bonds.
Mobile & Ohio Railroad Stock.
FOR
;
LEW
7
SAIiE:
Mobile & Ohio Railroad Sterling Bonds,
Toledo & Wabash Kqulpnient Bonds.
Flint ft Pere Marquette KK. Cousol Bonds.
Little
M.aml Railroad Stock.
/
.
ktmtk
HUNT'S MERCHANTS' MAGAZINB,
REPRESENTING THE INDUSTRIAL AND COMMERCIAL INTERESTS OF THE UNITED STATES.
YOL.
SATURDAY, JULY
27.
CONTENTS.
THB CHRONICLE.
Inerean of Mercantile Failures.
BeaconsSeld and the British Fro-
37
tectorato of Asiatic Turljey
General shermm's Plan for Malc-
23
.
Railroad EariilngK in Jane, and
from January I'to June 30
Latest Monetary and Ooiimicrcial
I
English
Commercial
iog a Democratic Government
Strong
31
32
and
Miscellaneous
News
29
Socialism in the United States....
News
34
.39
THE BANKERS' GAZETTE.
Moner Market,
U. S. Securities,
Railway Stocks, Gold Market,
Foreign Exchange. N. Y. City
Banks, Boston Banks, etc
I
35
Corporation Finances
I
43
43
48
Breadstnffs
l
I
Dry Goods
Imports, Receipts and Exports.
Prices Current
...
is
almost without a parallel in the pre-
S8
89
vious financial history of the United States.
40
liabilities of
49
against $99,606,171 for the corresponding period in 1877,
THE COMMERCIAL TIMES.
Commercial Epitome
Cotton
681.
For such an investigation important data are supplied
by the records of financial failures, and the latest report
of Messrs. Dun, Barlow & Co., just issued, is particularly 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
amount, which
Qiiotatlons of Stoclcs and Bonds...
New York Local Secnrities
Investments, and State, City and
I
I
NO.
13, 1878.
EO
5t
the insolvent firms
and $76,844,266
in 1875.
amount
The number
The
total
to $130,832,766,
of failures
shows
a corresponding increase, as will be seen from the subjoined table:
MERCANTILE FAILURES IN Tmt tINITED STATES,
Thk Commbrcial and
Fistancial CmioNiCLE is issued on Saturday inoming, with the latest news up to midnight of Friday.
IN
ADVANCE:
For One Year, (including postage
For Six Months
Annual subscription In London (including postage)
Six mos.
do
do
do
.$10 20.
G 10.
£2
68.
1 7s.
Sub?cnntions will be continued until ordered stopped btj a written order, or
at the publication office. The Publishers cannot be responsible for Remittances
unless made by Drafts or Post-Offlce Money Orders.
The London
Street,
liondon
office
Office,
is at No. 5 Austin Friars, Old Broad
be taken at the prices above named.
of the Chronicle
where subscriptions
will
Advertisements.
Transient advertisements are published at -ih cents per line for cac h insertion,
but when definite orders are given for five, or more, insertions, a liberal discount is made. No promise of continuous publication in tlie best place can be
given, as all advertisers must have equal opportunities. Special Notices in
Banking and Financial column GO cents per lina, each insertion.
wnxiAH B. DAHA,
WILLIAM B. DANA & CO., Publishers,
JOHN o. FLOTD, JR. f
79 & 81 William Street,
YORK.
Post Ofpicb Box 4592.
I
NEW
t#~ A
cents.
neat file-cover 1« furnished at 50 cents; postage on the same is 18
Volumes bound for subscribers at $1 60.
For a complete set of the Commercial and FiNAJjaAi, CitRomcLE—
18«5. to date—or of Hunt's Merchants' Maqazine, 183910 1671, inquire
^"
July,
at the office.
B^
The Business Department of the Chronicle is represented
Financial Interests In New York City by Sr. Fred. W. Jones.
LiamZiabilUUs.
f irst six
First six
First six
months
months
months
The
circular
enumerates
The
destruction of capital, and the laws controlling
disappearance and reproduction, are among the most
domain of
considered as a practical science.
political
....
.
among which
$21,567
S3,568
20,974
22,460
9.),603,:71
i:0,83J.766
from which we derive
five special causes for
failures, chief
6,844.265
108,415.429
this
information
the increase of recent
are the financial disturbance
incident to the agitation of currency changes
gress and the repeal of the bankrupt law.
named circumstance has given an impulse
by Con-
The
last-
to the process
and has led a multitude of weak drms all
over the country to avail themselves of the privilege of
settlement under the present law before its operation
of liquidation,
ceases.
definite
interesting parts of tlie
in ISTrt
in 1877
in 1S78
ties.
$
8,561
4,600
4,749
S,8!5
These figures indicate the extent of the transition
which is going on throughout our industrial system.
During the paper-money period our people became so
among accustomed to
see
values augment without any
INCREASE OF MERCANTILE FAILURES.
its
Average
No. of
Failures.
TERMS OF SUBSCRIPTION-PAYABLE
1875-1878.
Ammnt
economy
in
some
intelligible
way
reason,
traceable
to
except
the
and prosperity of the country, that
that
material
it
was
growth
it
has required a
severe discipline in the stern school of practical experience to enable them to discern how much of existing
how much was artificial and wholly
There are many indications that this lesson
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 frons insolvencies,
causea of trouble, which have been so conspicuous in and the commencement of a healthier and more promisspreading stagnation and distress throughout the com- ing state of business founded upon sounder credits and
mercial world. It is always a popular though difficult more solvent operations. The rapid transition whioh
task to trace out the method and the extent of these the country has lately been making is, therefore, one
two opposite movement.«, the one tending to produce important cause of the increase of failures daring 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
18Y3, this country, notwithstanding
'
Since the panic of
its
business depres-
values was real and
fictitious.
^^!^^
THE CHRONICLE.
28
has been so rigidly carried on during the
last
few years ing
six
[Vol.
months of
New
In
last year.
XXVn,
York, Cincin-
The decline of extravagance and nati, Philadelphia, Chicago and some other cities there
prociigal habits among our people has effected consider- has also been a considerable increase, while in San
able changes in the demand for certain classes of goods. Francisco and St. Louis the failures this year are very
In some directions the demand has fallen off, while in much below those of the first half of 1SY7. In Louisiin
country.
this
others
has almost entirely ceased, the decline being
it
ana, Georgia, Ohio, Indiana, Kentucky, Pennsylvania
and Texas there has been a great addition to the volume
of the liabilities involved in insolvency, showing that the
South and 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-
compensated by an increased demand for commodities
snited 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
evidence that much of the severity with which
is
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-
But from
parative increase of insolvencies,
lect the
cantile failures.
We
have no means of official information as to the
dividends received or expected from insolvent traders.
facts that we have been at some pains to colaverage payments to creditors during the last
shows the quarterly aggregates of the number and aver- year do not seem to have reached the previous averages,
which in former years were estimated at abo t thirtyage liabilities of failures throughout the United States:
OOMPARISOK OP PAILCIIES, 1875-78.
five per cent.
The aggregate liabilities involved in the
Quarter
JKt
Tears.
No
18T5.
1876.
1877.
1878.,
id Quarter.
lAv.'iabUititt.
,98-2
$21,784
2,80!ii
28.0.18
8.869,
8,355l
24,454
19,'il0
table
3d Quarter. Ath Quarter. FortheTear
\Av.lia^•o.
the subjoined
m.
fiUlUa.
1,581 $S1,295
1,791 24,398
1,880 23,973
2,470 19,738
Av.lh-
Av.tia-
yo.
bUUiee,
fjUities.
Av.lia-
No.
bllitles.
7,740 $25 960
17,0>4 9. 002 21,020
21,117 8,874 21,491
1,771 $30,676 2,405 $29,175
i,450
1,816
19,534 AC 12
23,318 2,307
now
next six months it is expected will be less.
great gratification in the belief which is
widely prevalent that in the early future the nation
will
enjoy an improvement both of general business and
failures of the
And
there
is
of public and private credit.
It follows from the peculiar nature of the forces which
have been at work that the increase of failures should be
quite general, and yet there is reason for a considerable
BEACONSFIELD AND THE BRITISH PROTECTORATE OF ASIATIC TURKEY.
disparity in the results in different parts of the country.
The event
a table showing the aggregates in every
secret treaty
Subjoined
is
State of the Union, and comparing the failures of the
last sis
not wholly unexpected.
MIBCANTILS PAILUBBS, JAHUART TO JULY,
Second Quarter
and
Total
1877
first
months of
in 1878.
Territoiia.
AND
six
1878,
1878.
Total first six
months of 1677
Am i« nl.
No-
Amount.
No.
Alabama
$77,094
25
$461,672
Arizona
Arkaneas
33
$526,031
19,000
90,500
533,000
990,000
is
176
i76i'25
1.456,766
No.
California
San Francieco
Colorado
Connecticut
.
,
IlUnoiB
78
104
73
85
Chicago
Indiana
21
162
41,1%
76,6.38
808,778
1,5)3,562
7
56
2
244
Iowa
Kansas
Kentucky
7
81
Louisiana
43
39
Maine
Maryland
31
Ha&sachneettB
Boston
Michigan
Minnesota
180
61
'siei^o
1,133,80'
1,021,900
282
215
254
245
ICi.SOO
1,4(6,830
988,306
144,900
589,080
20
145
90
117
63
4,758,4-22
3.54
175
3,48iJ,a0u
Mississippi
S6
iUssoari
St. Louis
15
2,061,800
1,552,554
186,834
541,176
177,812
29
239,70,
91
21
Montana
Nebraska
34
40
New Jersey
New Mexico
New York
New York City
9
207
151
86
North Carolina
Ohio
112
60
Cincinnati
Oregon
Pennsylvania
Philadelphia
205
"io
'i'32',660
\\\
49
2
407,210
14,000
Vermont
Virginia
Waehinston Territory...
Total.
Dominion
From
2,470
of
Canad a
the
2,2C0
8,124,725
7,910,900
264,500
1,985,081
1,804,148
'
49
49
Wyoming
i
S
32
41
70
34
16
Bhode Island
West Virginia
134,50
634,>i00
5,488i9s3
1,414,122
389,322
100.138
311,154
478.490
4«,500
395,500
316,144
South Carolina
Tennessee
Texas
Utah
Wisconsin
"
|
J92
foregoing
8,763, .300
3,948,549
2,140,400
424,550
4,759, i5S
4,080,706
803,900
1,246,880
7,817.431
B,5.%,523
4,008,025
385,963
807,160
;;38,216
861,500
219
55
7U
47
62
91,300
Nevada
New Hampshire
4,89 ,131
"65
7
57
77
2
515
424
58
290
472^200
107,137
276,800
l,O;3,80O
2,200
8,538 844
23.395.412
499,40(1
6831,233
106
3,216,080
'429
11,714.554
6,402,466
955,225
513,661
1,340.474
1,873,510
43,700
1,070,600
612,044
135
67
38
123
146
4
A surprise of
19
107
178
22.'
22
134
31
54
268
41
176
86
58
43
CS
'88
56
88
63
56
77
5
49
52
86
76
see
that
Boston the failures during the last
been three-fold as great as those
of
ana
view of certain contingencies, Beaconsfield conthis secret treaty, according to which Great
Britain undertook the protectorate over Asiatic Turkey
and the occupation of the island of Cyprus.
The
knowledge of this fact helps us to understand much
which would otherwise have remained dark and difficult
in
of explanation.
ness
which
explains the firmness and the bold-
It
he
has
manifested
in
all
the
discus-
attitude on every question touching British interests.
4,9 13,3i>8
1,096,516
made arrangements and secured
599.689
461,842
3,491,2.0
'
2b'l',366
99.606,171
15,151,837
in the city of
SIX
liancy of his conceptions.
The revelation, however, has
even exceeded expectations.
It now appears that as far back as the 4th of June,
571.00)
1,756,502
4,190,128
2,161,800
9,845,596
16,545.064
411,965
3,130,637
1,813,890
175,904
6,052,957
2,215,873
2,183,587
984,496
602,4SO
1,006.620
30,000
400,863
439,734
45,800
881,926
1,143,«5«
18
300
rumored, was about to give fresh evidence of his love of
sudden and startling denouements, as well as of the bril-
sions of the Congress,
671
65
199
some kind was
it was
British Statesman,
3,943,7.M)
4.34,518
460,329
220,162
1,950,828
48,763,940 5,825 '18(>,832,766 4,749
947I
4,407,800
13,608,729i 1,223
we
•'
18,500
149,500
733.600
120,500
703,696
29,500
4,1 3,800
4,710 600
2,234,885
1,643,400
136,250
40
35
67
434
The
'm,m eluded
'
4
527,736
1,398,916
24,000
Avwuiit.
78
33r,873
2,795,6 .0
83,0(0
96,500
164,202
92,f«)
118,702
•
.
ir
1,343,311
1,826,74:
1,355,201
11,100
District of Columbia...
Florida
42,
272.800
1.33,769
Dakota
Delaware
Georgia ...
Idaho
given a sort of dramatic character to tbe closing scenes
months with those of the corresponding period of the Berlin Congress.
in 1877:
Slatet
week has been the publication of the
between Great Britain and Turkey. It has
of the
months have
the correspond-
Before
taking
his
and especially
place
in
the
his
unswerving
Congress
he had
conditions which prac-
tically gave him the victory in advance.
If the worst
event should arrive if the Congress should not only
fail to make peace, but precipitate war
the Turkish
—
—
would be a source of strength, and as British
interests had been so admirably cared for, British enthusiasm 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,
Kars and Ardahan. If such a course was sanctioned by
the Congress, the treaty was to take immediate effect.
It was not, therefore, until the Batoum
question was
alliance
settled in
favor of Russia that the existence of the
Russia might well be allowed
to retain these strongholds in northern Armenia,
when
England had already secured the island of Cyprus, and
treaty
was made known.
virtually
added to her Indian possessions the remainder
of Asiatic Turkey.
It is a singular
has resulted
and notewort,hy fact that the late war
the advantage of the nations which
less to
JutT
13, 1878.J
THE CHRONICLE.
were immediately engaged than to those which were
merely attentive onlookers. Tloumania has been compelled to let go her hold on a large portion of Bessarabia and to content herself with the Dobrudscha in its
To be sure she has secured her independence
stead.
but, in view of her great expectations, the treatment she
has received from the Congress must be regarded as a
great disappointment. Servia and Montenegro have
both had their territories enlarged, but both consider
themselves poorly rewarded for the services which they
rendered and the sacrifices which they endured. Russia
The treaty of San Stefano
herself has gained but little.
has been completely wiped out, and as the fruits of her
victory she receives only the strip of Bessarabia above
referred to, the port of Batoum, which is only five or
;
from her present frontier, and a small strip of
which includes Kars and Ardahan Bayazid, the
frontier fortress, she has been compelled to relinquish.
Nor is this all. She has obtained no new privileges in
the Dardanelles or on the Bosphorus, and Turkey is
rendered more secure against her attacks than she was
before the war. Austria, on the other hand, has been
rewarded with Bosnia and the Herzegovina and England who, like Austria, took no part in the fight, has, by
the occupation of Cyprus, greatly strengthened her position in the Mediterranean, and by the protectorate of
six miles
territory
—
;
29
reorganization of the army, to be presented by him to
the joint Congressional committee on that subject,
which, after the fashion of committees that " have leave
to sit during the recess," will combine pleasure with
unknowable but at the expense
some "contingent" fund, at the
White Sulphur Springs, on the 22d. Naturally and
almost necessarily, and probably with the utmost sincerity, he magnifies the necessity and usefulness of the
army, and is probably somewhat stirred up by the evident disposition in the House to enforce tlio contrary
view, by reducing the army to a peace footing. It is so
business, in proportions
of the Treasury through
man to overrate, if not his own personal
importance, the importance of the subject to which his
time is devoted, that General Sherman's arguments must
natural for a
properly be received subject to the qualification that he
is both talking professionally and cannot avoid feeling
personally interested.
Only the merest outline of
his
argument,
is
his views,
given in the dispatch.
and nothing of
But it is very
remembering the outbreak of
Ju'y and influenced by a vague uneasiness at the
Communistic talk which floats about, a good many persons of the property-owning class incline to think the
possible that at presenf,
last
general government ought to undertake the general
police duty of preventing a breach of the peace any-
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
ave 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 immedipaign. It has been war, however, by the pen, not by ately any disturbance in this wide country.
We may
the sword. It is difficult as yet to predict the results say 25,000 men to-day; but surely that is insufficient for
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.
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 thould greatly embitter the consumed over and over the value of its indemnity.
hard feeling which has already long been existing beGeneral Sherman, says the dispatch quoted, takes the
tween Russia and Great Britain. France can hardly be view " that where the civil power is weak the reserve or
wel' pleased with an arrangement which trenches on military power should be strong."
The pithiness of this
some of her ancient hereditary rights on the eastern remark justifies taking it as his own language, and it
coasls of the Mediterranean; and Italy may well feel seems curiously paradoxical: for the words " where the
jealous in the circumstances.
It is doubtful, however, civil power is weak " must mean where executive power
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 governthus 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
of traffic will be a gain to the world.
whether this view prevails with Congress as it is whether
That " the
it is adopted as a principle in the country.
Asiatic
1
A
—
—
—
GEN. SHERMAN'S
PLAN FOB MAKING A DEM-
OCRATIC GOVERNMENT STRONG.
A
military should co-operate with the civil authority in defined statutory and constitutional limits rather than by
Washington dispatch says that General Sherman forms of usage or precedent,"
has prepared a paper embodying his views about the well, but the fact is that it
is
is
a generality which sounds
impossible to make those
THE CHRONICLE.
30
definite
limits
them
enough,
An army
hold.
or, in
the next place, to
f70L XXVII.
make conceive to be the truth. In not a few of them, however,
we discover fresh evidence of what may be called a
that csnnot be used in an emer-
gency is impracticable, and somebody must be the judge;
some discretion must be allowed, and the " defined statutory and constitutional limits" first become elastic and
next are overridden. This has been the experience, and
it is according to an irresistible tendency, for you can no
more give power to an executive, or to a legislature
—
European characteristic an habitual inability rightly to
understand American institutions and to appreciate the
In one of the ablest and
conditions of American life.
most
reliable of the
date June 15,
open
the
to
London
weeklies, the Economist, of
an editorial on this subject which is
very objection we have just made.
is
much
that is true, but it makes inferences
without
are altogether erroit than you can put a hammer in a child's hands without and suggests conclusions which
setting him to pound. Note how carefully the constitu- neous. After giving a long extract from an Ameriand any one can publish a paper here who
tion has provided checks and balances, and has guarded can paper
the course of suppressing " insurrection" by federal has a few dollars to lose which summarizes the creed
The strong military reserve tends surely to of the Socialists, and which is full of the most revoltpower.
giving the temptation to find occasion for using
It
states
—
break these checks, to suspend the habeas corpus and substitute the tinkle of
But observe
a
little bell
—
ing blasphemies,
the
"The danger
writer says:
that series of blasphemies does not
in
the fact that
they are blasphemous (for their utterance in a form like
for processes of law.
we do
lie in
not argue in favor of the
little bell ; for the present this only shocks Americans, who might be attracted by
purpose, it is immaterial whether an absolute imperialism the revolt of the party against economics), but in the
It would be well relation between the blasphemies and the "modern
is not the best form of government.
that
habeas corpus or against the
always so powerful in the Union. This "modern
which regards religion as false and in the way
not of true progress, " appeals," he tells us, " to the whole
to have general recognition of the fact that this govern-
spirit,"
ment
spirit,"
is
only an experiment, not yet concluded either in
whether it is
;
always a fair question for
The point we
discussion, but is not the question now.
make is that what General Sherman favors is incompatible with the form of government we are now keeping up. To have a large standing army will tend to
its form or to
worth while to abandon
respect to
its
usefulness
it
is
and threatens institutions whose strongest
from the foundation of the republic, has been
proletariat,
defense,
likely
destroy the constitutional structure, to obliterate State
minority strong
society.
The new thing might be
better, or
as
described
by
its
to attract a majority of our
boundaries, and to ultimately change the government
into something else.
He
the religious feeling of the people."
that Socialism,
He
enough
does not think
own
leaders,
is
people, or even a
to raise a
rebellion against
" some
danger of
every great American city of a forpenetrated with a creed which makes its
does
however,
see,
the uprising in
might not the point is, that if we are to change the midable sect,
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 to
while only intending to enlarge its workings in order to afford a chance of success." He sees reason, also, to
;
fear that " such a creed
cover a passing emergency.
may
spread in the Southern
uneducated white men who
labor under oppressive conditions for very poor returns,
and of negroes not satisfied with their position, very
ignorant, and very liable to be persuaded by white
teachers who bring them Utopian doctrines, which serve
as a substitute for a creed."
According to this writer
such is the strength of the Communis's that " it is not
States, full as they are of
SOCIALISM IN THE UNITED STATES.
Events of recent occurrence have compelled attention
to the fact that we have among us certain organizations,
known to be in afliliation with those European societies
which are composed for the most part of workingmen,
and profess Socialistic or Communistic principles. "With beyond their power to possess themselves by legal
the doings of the Pittsburg mob yet fresh in their voting of some one particular State, in which event
memories, it is not wonderful that some of our people they would, under the Constitution, hold a sort of
should contemplate with alarm the existence of such entrenihed position;" and in such an entrenched posiassociations.
Quite recently this feeling of anxiety tion, we are led to believe they would prove a source of
found expression in an elaborate paper read at a synod- incalculable mischief to the nation at large.
ical meeting of the Reformed Church
one of our
Such are the views presented by a London journal,
oldest and most influential church organizations.
This which is conservative in its tendencies and represents
paper, which has obtained great publicity through the the sentiments of the more solid elements of Engdaily press, claimed that the Socialists are numerous lish society.
It is hardly necessary for us to say that
and widely scattered throughout the different States; we must protest against the conclusions to which it
that they have recognized leaders and propagandists; very plainly points. "We
do not deny that there are
that they own a number of newspapers; that their Socialistic, Communistic, or,
as they are sometimes called,
—
sentiments and principles are in nothing different from
those of the Socialists of Europe; that they annually
honor the rising of the Paris Commune, &c.
This
paper, we believe, states fairly enough the opinions,
aims and ends of the American Communists; but, unless
we greatly mistake, it grievously exaggerates their number and importance.
It is not wonderful that when alarm is thus finding
expression here, the general subject should be
engaging the attention of the British press. Of most of
the articles which have come under our notice, it must
be said that they are written in a spirit of great fairness,
free
and evidently with a
desire to represent
what the writers
International working-men's societies in the midst of us.
We
do not deny that the creed proposed by the
mem-
some of these associations is, in its tendency,
subversive of law and order, and destructive of society.
But we do deny that such associations, although more
or less marked by the same common features, are all
united in tlieir purpose and their aim; and we further
deny that, even if united and acting under a common
impulse, they would have strength enough to accomplish
any appreciable amount of harm in the community.
In truth Communism has never obtained any foothold
in this country, nor indeed is there any likelihood that it
ever will. Its doctrines are not in harmony with, but
bers of
.,
.....
JCLT
THE CHRONK^LE.
18, 1878.J
31
American people. road traffic in June, and the grain-carrying roads were
They depend for their reception on conditions whjch do still bringing forward what remained back of the crops
not exist among us. There are hero no social and polit- of 1877, although there was a sharp falling off from the
The Grand Trunk
ical wrongs sanctioned and sustained by law, as in some enormous traffic of previops months.
antagonistic to, the interests of the
—
lost l!29,048;
old monarchies, where property is vested in a of Canada--as a specimen of trunk lines
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 8250,000 in net earnings between April 1
cation is free and universal; there is no authority and June 30.
of the
The reports for six months of the current year
from or superior to the will of the people;
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 as 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
different
there
is
ment and are not to be
by bands of noisy
offset
advocates which are found among us. Europeans are too
apt to think that loud talking and bold writing in this
country indicate force and strength. Almost anywhere
else such a conclusion might be safe from such premises,
but among us, ^yhere the tongue is always allowed to
swing freely, the smaller the crowd usually the braver
the boast.
We have
not yet mentioned, however, the principal
reason which makes the spread of Communistic doctrines impossible among our people.
refer to the
We
from almost
every country in the world, the citizen, for the most
part, is a property owner. This remark does not include
fact that in this country, as distinguished
the educated classes alone, but
our larger
cities
there
is
<ill
others; for outside of
scarcely any efficient artisan or
day-laborer but owns the house he lives in, and more of
them than one imagines hold mortgages in moderate
sums for money loaned. We have had occasion to come
in contact largely
with these people and have been even
surprised to find the extent to which these facts are
true.
A
property holder has, of course, a direct personal
interest in the
Government and
in
the preservation of
order. He is no stranger, no wayfarer, no tramp with
everything to gain and nothing to lose by revolution.
On the contrary, to him revolution would be ruin as
effectually as to the larger capitalist.
For these
if
among us are
They are largely
not safer.
In fact, that section of our country
has passed through its trial and proved its strength. We
do not deny that bodies of tramps might cause disturbance in some country districts, or that a city riot may
again secure a temporary ascendancy. These conditions
are possible
but past experience has
shown, and the elements which make up our society
prove, that they will be more infrequent and short-lived
here than anywhere.
in all countries;
RAILROAD EARNINGS IN JUNE AND FROM
JANUARY
For the month of June
1
TO JUNE
of a single year can hardly be justified.
SROSS KABKINQS DT JDNE.
in 1877.
$3.51,003
101,015
Chicago & Alton
Chicago Milwanlice
&
Clev. Mt. Ver.
l,4fiO,00O
34I),50J
& St.
P...
1)36,000
Del.*
Denver & Kio Grande
Grand Trunk of Canadat
Great Western of Canada^
19,969
S9,4:»
6!4,63li
300,020
40S,939
...
Illinoia Central (mainline)....
do
(Iowa leased lines)
Indianapolis Bl.
Western...
International
Kansas
11
&
&
Missouri Kansas & Texas
Pad. & Elizabethtown*
& Memphis*
L uis Alt. & T.H.
Pad
St.
St.
St.
St.
(br'chs).
L'.uisIronMt. ifcSauth'n..
Louis Kiinsa- C. & No'lh.
Jit L. div.*
Louis & S. B
(!o
Ken. div.*
do
Tenn. div*
Toledo Peoria S, Warsaw
—
Total
^OW
84,058
60,350
233,533
807,514
19,10J
10.263
38,518
253,600
205, rai
35,593
81,571
9,424
76,887
323, SOI
Qt. Northern*
Pacific
Inc.
$65,269
•
2,454
44,252
9,480
. .
47,777
4,C5S
57,1503
643.7.J4
31,933
294,703
sse.eos
95,257
5,318
80,034
19,763
39,043
ft5,090
1,023
49,375
253,652
258,183
14,398
•
8,S31
35,079
274,134
171,856
415
.30,129
50,609
1,798
2,(32
3,463
20,5S4
•33,877
33.531
18,128
7,731
3,0/8
3,44.3
1,633
80,010
3.123
31,046
3->.3,847
$5,847,M4
15,913,103
Net increase
•
Dec
$
31,658
15,993
1,484,332
358,9*8
338,213
24,027
13,E-39
Central Faciftc
18T7.
$115,731
69,357
1878.
.
itchison Toi>< ka A Santa Fe
Cedar l{apid»& Northern
Cairo & St. Louis*
Burl.
S371„527
65.762
$206,765
Three weeks only of Jane In each year.
t For the four weeks ended June 29.
X For the four weeks ended June 2?.
BABNmaS VROM JANUARY
6B0SB
1878.
Atchison Topeka
&
Santa Fe,
Rap & Northern
Barlinu't'n C.
Cairo & St. Louib*
Central Pacific
..
Chicago & Alton
Chicago Mil. & 8t. Paul
Clev.
Mt.Vor.A
Del.
&
Denver & Rio Grande
Grand Trunkt
Great "Westemt.
Illinois Cent,
do
(main
\\a..
brchs*
Paducah
line)
leased lines)
«fc
& Texa?
Memphis*
Louis AH. & T. H. (br'chs)
Louis Iron Mt. & South'n
Loni' Kansas C. & North.
Louis & S. E.— St. L. div.*
do
Ken. div..*
Ttnn.div.*
do
Tol edo Peoria & Warsaw
St.
St.
St.
St.
Wabash
1,993,911
4,257,000
17i\800
436,705
4,350,177
3.201,600
Indiinap. Bloom. & Western..
Internationtl & Gt. Northern*
Kansas Pacific
Missouri Kansas
$1,498,383
793.531
98,738
7.883.863
2,4Sl,6';l
:4'',166
614,807
5S?,238
1,135,375
1,255,760
96,831
S23.3B3
1
TO JU^TB
1877.
$l,03ii,6Tl
428,619
119,750
7,3l8,705
2.031,748
2,958,152
173,491
306,137
4,326,907
1,9)4,832
2.174,750
699.373
57^',89:i
30.
21,014
....
2,691
130,563
3! ,270
306,768
2? 6,931
149,893
34,911
•
•
•
.•
.
>
77,419
89,930
175,173
14.401
li,2J8
64,073
3.38,491
a75,2lW
166.736
78.421
613,043
2,209,619
1,932,141
1,411,222
265,162
135,839
66.152
498.f03
2,059,070
12,369
114,519
150,549
!37,T78,T79
$34,669,240
$8,502,9.18
l',e68.C68
1,510,091!
.
37,801
1,298,848
1,4:30,98^1
81.130
$
44,658
635,707
1,»46,045
Dec.
Inc.
$461,712
364,383
98.874
10.C33
20 407
•.>••
,
30.
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 1878, $4,257,000;
Wabash
from being bands of Communists.
made up of as true citizens as any class affords, and, by
self-interest, absolutely opposed to every species of mob
law. Elections carried by what is called the labor party
are not in the least to be feared on any such ground.
And the South is fully as safe as the North in this
respect,
Chicago Milwaukee & St. Paul six
same time 1877, 12,958,152;
Burlington Cedar Rapids & Northern, 1878, $793,531;
1877, $428,649; Southern Minnesota, five months in 1878,
$320,359; same time 1877, $172,072. The true situitipn
of railroads dependent upon a single class of traffic has
seldom been so remarkably shown up as during last year
and the present. The facts presented should not be
without a lesson to the roads concerned; and any
unreasonable expansion based upon the large earnings
months
reasons, labor organizations
far
the earnings of the following tliree roads are
years,
sufficiently striking:
it
Net increase
• Three weeks only of June In each rear,
From January 1 to June 29.
t
( From January 1 to June 28.
The earning of the Sprln'jflcld
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-
$39S,S9»
8,109,539
DlTlsion of th« Illinois Central Railroad
In the tables above. They were $14,151
fl .'ures given
June IST-t. and $8S,371 from .lanuary 1 to June .SO, 1878.
Eaminpi of the Dubiuiue & Sioux City Riilroad during June, and for the
six months ending June .30, were aa follows; these flioires are laclaled la
those of the Iowa leased lines i;iven abov<): Jnnc. $75,37) In 18TS and $SS,74&
in 18T7; January 1 to Jane SO, $4S6,2Si} la 1878 and $364,752 in 1877.
are not inclndiid In the
In
-
—
.... ..
THE CHRONICLE.
32
Tlie fo:iowin2
1878.
&
Atlantic Mississippi
Ohio
Burl.
Missouri RiT. In Neb.
Cairo & St. Louis
Central of Iowa
Chicago Burlington & Quincy
Clev. Mt.Ver.& Oel.& brcha.
&
$125,203
. .
.
.
Louisville
&
&
Nashville
Ohio
&
Nashville Chart.
Paducah
Pidncah
&
Loms..
St.
Elizabethtown
A Memphis
Philadelphia & Reading
Philadelphia & Erie
St. Paul & Sioux City
Sioux City & St. Paul
Southern .Minnesota
Worthingtoa
Jb
Sioux Falls ..
GROSS EARXIKaS FRUX JAN PART
1878.
Atlantic Misslssiupi & Ohio ...
Burl. & Missouri Riv. in Neb.
Cairo
&
Louis
Chicago Burlingtin & Quincy
Clev. Mt.Ver. & Del.& brchs
Dakota Southorn
Gal. Har. & San Antonio...
St.
. .
Louisville
Mobile
&
<fc
Nashvjlle
& St.
& Memphis
Louis.
Philadelphia* Heading
PhHade'phia&
Erie
St. Paul
<te Sioux City
Slonx City & St. Paul
Southern Minnesota
Worthington & Sioux Fails
.
.
101,311
22,567
20,304
15,107
45.480
8,495
1877.
$623,1 9
644,491
85,197
6,520.700
160 831
86.3)4
443,975
•344,672
846,093
730,140
„„ „w
86,068
4,17li768
1,042,628
233 379
149,810
320 359
3s!757
Atlantic Mississippi
Gross caminge
Expenses.
1878,
& Ohio-
$123,614
$11,752
Neteamings
& North.—
Burl. Cedar Rapids
Grosseamings
1877.
$125,2^8
*113,456
$13.5,490
Jan.
May
9.',715
$30,899
$160,171
$156,922
93,910
tlJ,679
$216,832
$76,367
$145,754
46,S37
$66,430
$344,672
44,l!.2
$644,491
236,024
$98,917
$12,238
$408,467
$181,342
$1,275,516
635,375
$917,447
556,615
$5,520,700
3,117,938
$4,514,3.3
2,728,744
$640,141
$•360,832
$2,402,762
£1 ^ft.*; KRQ
$1,785,569
& Quincy—
Expenses
Neteamings
Olev.Mt. Ver. & Del.and Brchs—
Gross eamlDgs
Operating expensos
$80,388
28998
Neteamings
Dakota Sonthern —
jj^gjQ
$19 039
'.
Net earnings
Denver & Rio Grande
Gross earnings
Expenses
,,',[
Neteamings
Kansas PacificGross earnings
Expenses
Neteamings
&
Louisville
NashvilleGross earnings
operating txpenses
NetearniDgs
Missouri Kansas <S TexasGross earnings
Oper. expenses and renewals
Net earnings
& St.
$9^157
$150,831
121,118
Louis-
Operating expenses
$86,344
44,138
$4,1133
$42,206
$87,006
49,559
$149,464
119,789
$35,73!
$128,455
$113,504
$283,832
202,557
$246,552
151,528
$1,212,452
853,822
$1,092 393
650,232
$^,875
$95,021
$358,630
~$442ilBl
$384,942
$2,099,713
265,691
1,.350,152
$135,892
$119,251
$749,561
$696,904
$206,757
185,990
$231,307
149,616
$1,048,246
896,953
$1,172,310
760,084
$20,767
$81,691
$152,238
$412,726
4134 937
$121,647
92!6J4
81,4»4
$730,1 (0
471,034
$698,555
420,105
Ji32
M<1
•«,i»-3
$17,153
$259,106
$273,460
$19,336
$16,434
13,459
10,470
$86,063
64,655
$73,699
56,633
$5,377
$5,934
$21,413
$17,061
$238,024
$260,591
189,4)2
(1,042,628
761,550
$1,1.39,159
iuin
$71,159
$281,078
$320,456
$2:0,:33')
$289,687
195,675
194,411
$1,614,468
1,020,542
$1,657,977
965,745
»74
$95,276
$393,926
$6S2,232
$44,418
40,947
$239,424
3r!454
$232,841
191,674
181.894
$8,390
$3,471
$47,850
$50,747
Neteamings
L.&Southea8t.- St.LDlV.Gross eamicgs
Operating expenses
!!!
St.
K
I^et earnings.
'
'
6.55
$45 844
$18,103
$149,810
24,'2J1
19,!#4
106,953
$9!,07S
82,486
131818
133,527
$38,515
$.393,191
$357,489
275,410
$1,1=86,818
1,393,123
$1,705,223
1,369,648
$74,709
$82,079
$4:8,690
April figures have but recently come to
hand:
$335,575
318,482
^-Jan.
813,703
$3.35,999
',
Neteamings
International
& Gt.
to April
1878.
^~T87r'^'"^''' 1877.
earninirs
Northern -
Gross earnings
Expenses
Net earnings.
$339,335
1
—
-30.
-,
$1,291,556
770,812
20i,7a9
197,722
$133,260
$141,653
$523,714
$508,408
$103,922
73,340
$97,?.38
$363,975
7,331
271,711
$337,399
244,873
$33 5^2
$25,905
$92,261
$92,^
£145,272
£152,053
£503,340
£582,706
109!618
109.131
477,651
472,567
£35,621
£12,922
£130,639
£110,199
$105,900
363,30J
$334,050
265,300
$
$
$37,600
$68,700
$79 492
$79,362
rd'.Sfi
74,219
$427,232
293,83)
$5,9X1
$5,643
$1.30,399
$.
°'^ "*' incurred oa account of bridge and for steel
Esttaaf "d
$503,823
425,772
$78,030
rails.
W^ontUvxjsd^ommcvci'dX giiflllstt ^cms
KITB^OP RXCH.1NGE AT LONDON AND ON LONDON
AT LATEiST DATB8.
KXOHANGB AT LONDONJUNE S3.
EXCHANGE ON LONDON.
ON—
TIMS.
RATE.
LATEST
DATE.
TIKE.
.
Paris
Paris
Berlin
short.
3
•hort.
2S.12
short.
20! 35
©11.95
27.53X@27.57X
24Ji@24 5-!6
June
June
June
June
28.
28.
24.
June
28.
21.
11.90
47X®47>t
60 days.
Hong Kong...
3
mos.
20.35
20 35'
short.
-38.
25.nj<
23.
12.10
3 mos.
li6!26
27.20
short.
3 mos
24H
17.
48.30
47K@48
Sl>il353
May
May
May
.
Bombay
Calcutta
Oq
much
28.
28.
28.
28.
short.
3 months. I2.03>i®12.01>i
Madrid
Cadiz
Lisbon
90 days.
New York....
Rio de Janeiio.
Pcrnambuco...
Valparaiso...
June
June
June
June
June
June
©25.20
(a25..J5
20.56
20.58
20.56
25.85
....
BATE.
@20.60
©20.60
@20.60
@25.40
12.01X@12.02X
25.10
months. 25.80
Alexandria
t$393,000
257,608
'
$31,215
29,784
St. Petersburg.
$37447
«.w
$31387
$185,541
.
Gross earnings
Operating expenses
Neteamings
185,431
$93,302
def $1,339
Antwerp
Amsterdam..
Amsterdam. ..
Vienna
Genoa.
Net earnings
Philadelphia & Erie—
8t Louis Iron Mt. & South.Gross earnings
Operat. and general expenses
145,077
$5,692
$167,298
$61,98-5
Hamburg
$347,270
218,815
203!6"4
32,135
t26,!35
$218,379
Neteamings
Net
163,:3.J0
$68,053
82,322
Incl. taxes.!!
Net earnings.....
Paducah & Memphis—
Grosseamings
$16,347
$.37,8-27
$9,592
Great Western of CanadaGross earnings
Operating expenses
$359,292
282,925
$29,713
14'401
$6,461
$58,131
31 996
$172,072
Frankfort
Gross earnings
Operating expenses
Nashville Chatt.
Gross earnings
Oper. expen.es,
$36,327
27,170
49,979
$42,832
'
$40,530
Net earnings..
$18,837
$320,359
Net earnings
Grand Trunk of Canada—
Grosseamings
Expenses
.!...
471,187
Neteamings
Burl.fi Mo. Riv. in Nebraska-
Chicago Bnrlingt'n
Gross earnings
$1,230
$31,231
Gross earnings
Operatmg expenses
1877.
$623,10.1
Operating exp'ses and taxes.
Expenses
$7,755
def $1,036
Net earnings ..
Grand Ripids & Indiana-
31.-,
$71,605
58,926
Grose earnings
$9,909
$58,421
51,960
$68,816
'
Chicago & AltonGross earnings
Operating expanses
$641,716
481,545
$812,516
475,634
107,291
$22,052
Net earnings
to
1878.
$117,200
112,049
$9 011
The following
'
1
$1.34,101
$81,71)9
iross earnings
57,732
148,237
29,611
—
$22,697
22,600
Grosseamings
Expenses
Expenses
71,081
31..
187:
$12,615
11,465
Paul—
St.
Wabash —
1,022,207
96,531
,
&
Grosseamings
31.
'
,
Sioux City
May
1 to
1878.
10,135
,
Neteamings
$133,630
*'-'^''^^
Neti^«asi;:"v;:.;;;;;::;..*^J:''':'!'!^»^'*!^'^
^'-HHfi
GROSS BARNINGS, BXPBNSES AND NET EARNINGS.
The Statement below gives the gross earnings, operating
expenses and nit
earnings for he montS of May, and from January
l to May sf of all ?he
May.
Paul
Net earnings
Southern Minnesota
1,006,387
1,367
20,620
73,644
55,604
103,193
36,588
12,369
roads that will furnish statements for publication;
$17,890
'.,
Operating expenses
-Jan.
1877.
$3,300
L.& Somh'st.— Tenn.Div.—
Operating expenses
Increase. Decrease.
$13,607
$
299,819
18,580
103,757
4.^14,313
149,464
6i,724
370,831
2,044,109
737,900
693,555
73,639
5,193.975
1,131.159
167,298
9J,0:8
172,072
7,116
i5,672
Net earnings
& Sioux City—
Grosseamings
St.
763
2,912
TO MAT
$641,716
2,09!*,713
Ohio
Nashville Chatt.
Padncih
.
I
$28,972
Gross eamin:rs
Operating expenses
3,310
«3,676i615
187S
Southeast.— Ky.DiT.—
Net earnings
21,776
8,058
8,830
$601,802
468,172
&
Gross.earuings
Operatmg expenses
'2^692
9->,401
$4,144,787
St. L.
3t.
35S,0'J9
128,047
24,202
16,424
1,33;,329
260,591
37,327
18.108
36,289
1,524
33,215
81,769
10,019
Tot*'
„
Ket increase
89,324
9:6
17,437
16,317
66,478
334,942
58131
-May.-
Increase. Decrease.
tl,59(
$
$123,614
56,4i0
23,333
45,355
917,447
36,327
145,754
24.239
62,812
1.275,516
30,383
19,039
88,254
393,000
104,231
124,837
24,970
19,336
1,286;015
2-38031
Dakota Southern
Gal. Har. & San Antonio
Mobile
1877.
XXVIL
[Vol.
companies liave but recently reported their earaiass for May.
SROSS EARNISeS IN MAT.
i«. s'a-'itid.
I<.
8 3-16d.
June
June
June
June
4!g6"
60 days.
90 days.
28.
ax.
18.
1.
27.
27.
26.
26.
6
mos.
40X
1«.
8 9-1 6d.
U. 8«d.
Sa. iO>id.
97?.'
IFrom our own correspondent.1
London. Saturday, June 29, 1878.
Thursday, the directors of the Bank of England, without
advanced their published rate for money from
The movement was by no means unexpected,
as it liad lost during the week nearly one million sterling in gold;
but the directors would probably haVe delayed making
an
alteration, had they not recently decided upon discounting
the
bills of those customers who keep their account solely with
them
under their recognized quotation. If the bills are approved and
the state of the discount market justifles such a course. The
advance which has just taken place in the Bank rate is due, not
to any improvement in trade, but to a demand for gold, arising
hesitation,
2} to 3 per cent.
out of the recent active speculation in foreign stocks on
London Stock Exchange and the Paris Bourse. During
period embraced in the last Bank return, the Bank lost,
account of the export demand, a sum of £924,000; but on
other hand, a la'ge amount in Bovereigns was received from
the
the
on
the
the
and Ireland, so that the decrease in the
supply of bullion, according to the weekly statement, is not mora
provinces, Scotland
:
.
July
.
is
.
33
THE CHRONICLE.
13, 1878.1
market has already been referred to. At
has been very dull, and prices have
market
the
regards silver,
The Qovernment of India have announced that
further declined.
not, until further notice,
their future weekly sale of bills will
but the market for silver has recently been
£300,000
The
gold for export will probably
than £470 781. The demand for
market is not likely at
money
the
be only temporary, and as
from an Improved trade,
support
permane.t
any
derive
to
pfeienl
the new rate being maintained.
there are eome who disbelieve in
that the commercial
There are, however, reanons for thinking
seems assured
Europe
of
peace
The
position will improve.
bountiful,
the harvests of Europe promise to be
Money
:
sta'e of the gold
exceed
;
The demand for the means of remittance to
only Is. 8 8-lOd.
the East has, however, been very limited, and
of Council bills.
the rupee was obtained at Wednesday's sale
in silver and a
£100,000
out
taken
has
East
The steamer for the
steamer has just
similar amount in dollars, but the West Indian
to firmnesa
arrived with a considerable supply, and all tendency
bullion
to-day to have been lost. The following prices of
somewhat
cheap,
low prices. All these
and our manufactures are obtainable at
prosperity, and the commercial
facts are conducive to renewed
henceforth our mercantile postinterests live in the hope that from
England is remarkably
tion will improve. The weather in
the leading capitals of
brilliant, and from Paris, Berlin and
and that the crops
great
is
heat
Europe the report is that the
The saving to this
are making rapid progress toward maturity.
food, will be
cereal
of
purchases
our
with
connection
country, in
although we shall
very considerable, compared with last year, for
will be an imporprice
of
difference
the
require a large supply,
money market. The
tant relief to the coimtry and to the
power of Europe will certainly be very largely aug-
purchasing
be
mented, and as the price of goods is low, a stimulus should
goods.
manufactured
of
sale
to
the
given
The trade den and for money daring the week has been only
molerate, 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
firmer.
seems
are from the circular
of Messrs. Piiley
GOLD.
.'
B«r Gold, fine
&
Abell
^"''per oz.
lltl^VrAstandard.
per oz., nominal.
per oz.
Bar Gold, rcllnable
.-.panish Doubloons...
South American Doubloons
United SUtes Gold Coin
Sf!"!peroz.
Qormau gold coin
Bar
Bar
Silver,
SILTZB.
per oz. »^riijuA. nearest.
per oz. standard, ncurest.
One
Silver, con'ng 5 grs. Gold
Mexican Dollars
peroz
Five Franc
P^«^f^'^-uV„;£6-i8;.'M®£7 oV.m;' biscoant.'a per cent.
Annexed are the current rates of discount at the principal
foreign markets
Bank Open
Bank Open
rate,
c
p. c.
Vienna and
Madrld.Cadizand BarTrieste...
8
a
9}i
rate,
p.
mark't.
D. c.
mark't.
p.
c
4X 4it®<«
market has in consequence been working, during the last two
The
days, under the "declared" rate of the Bank of England.
per
cent,
is
about
bills
Sf
months'
three
best
the
actual value of
from which point there is a tendency to decline. The late rise
has been caused entirely by the demand for gold for export to
Pans
Amsterdam
foreign stocks, and should that demand cease, a
return of ease in the money market is almost certain to follow.
only
In making thi< remark, however, it is necessary to add that
are the stocks of bullion held at the present time
Imby the leading banks abroad Bank of France, £85,884,C00
National Bank,
perial Bank of Germany, £26,16'2,000 Austrian
Netherlands Bank. £9,569,000 National Bank of
£18,745,000
Belgium, £3,460,090; and New York Associated Banks, £3,014,-
Paris to p'ty
f tr
the immediate future is referred to, as events change quickly,
and the probability is that when the Treaty of Berlin has been
signed, 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
Bussia must come for financial assistance at a very early date,
and it is reported that foreign loans will soon be numerous. To
Berlin
4
Hamburg
i
Frankfort
4
Leipzig
4
5
3
Genoa
Geneva
3X
3»
6
celona
3X@3X
3X@3»
3?i
4>i
Lisbon and Oporto. ...
St. Petersburg
6(^7
6
6^7
8
4^4®5
NewYork.
i)i&*>i
....
4
Calcutta
*Xfl& *>iV^
Copenhagen
Brussels
The following
;
:
;
;
;
The securities held by these establishments are: Bank of'
Imperial Bank of Germany, £18,957,000;
France, £26,129,000
£11,077,000; Netherlands Bank, £8,972,Bank,
National
Austrian
National Bank of Belgium, £10,875,000.
000
The imports of gold into the United Kingdom in 28 days of
were, according to the Gazette returns, £1,273,522, and the
000.
;
;
what extent they will be successful it is impossible at present to June
say, and therefore! the future of the money market must be exports £1,185,627. The latter amount does not include the whole
But any demand in connection of the supply sent away during the current week. The importB
involved in some uncertainty.
with foreign loans will be counterbalanced by a large saving in of silver were £528,735 and the exports £840,578.
connection with our payments for grain, so that the future is
Annexed is a list of new loans and new companies introduced
Again, it does not necessarily during the month of June. London Meat Importation and Storsomewhat difficult to define.
follow that improved trade will raise the value of money. On age, limited, capital £100,000; Swedish 4 per cent loan, fop
Southampton Tramways, capital
the contrary, an opposite effect may be produced, as there are £1,000,000, price of issue 88
;
large supplies of manufactured goods to dispose of, and the process of converting them into cash would relieve our manufactu; ers
probably of some heavy obligations to their bankers. There is,
£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,COO;
nevertheless, reason to believe that the supply of mercantile Alabama Great Southern Railroad Company, issue of £163,000 In
paper is not so small as it was, and the fact is worthy of record, 6 per cent bonds, at 90 Natal Government 4i per cent bonds for
The present quotations for £400 000; Porto Kico 6 per cent Treasury bonds for £1,000,000;
as it is an innovation to be desired.
Furn'efS Railway, ifsue of £350,000 in 4^ per cent preference
money are as follows:
stock for
shares; Great Northern Railway 4 per cent preference
Open-market rales
Per cent
Per cent
in 5 per
4 months' bank bllle
3
SxaiJi £1 400,000 West Lancashire Railway, issue of £150,000
Bank rate
6 months' bank bills
Ooen-marketrates:
8X@3
cent preference shares; India Co-operative Agency, £20,000;
2y,'&iH
4 and 6 months' trade bllle. 8 a3>i
SOandf-Odiys' bills
Medium for Sales and Exchange, £15,000; William Slack & Son,
imonthe'hllU
2H®2X
£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
;
.
I
;
I
I
\
!
discount houses for deposits are subjoined
Per
:
Joint-stocK banks
ot.
i
DlKount bouses at call
Discount nonscs with 7 days' notice
Dlaconnt houses with 14 days' notice
i
8J4
,.
iX
Annexed Is a statement showing the present position of the
Bank of England, the Bank rate of discount, the price of Consols,
the average quotation for English wheat, the price of Middling
Upland
Mule twist, fair second quality, and
House return, compared with the four
cotton, of No. 40's
the Bankers' Clearing
previous years:
1574.
Circnlatlon, exdading
£
bank post bills
87,f81,'9I0
Public deposits
3,705,S90
OthLT
dt-posits
Government securities.
£
£
£
27.99-1,(146
S^.S^l.MS
7,<)40,a«5
n,!8i.865
8,760,469
80,957,739
15,al4,S59
18,5:0,050
13,768,801
17,898,117
18,8.38,353
10,853,189
36,696,116
89,959,418
t6,8«6,898
83,4S8,E04
i}i p. c.
2p.
9,7-.i0,890
25,263,910
13.7411,689
35,463,'i37
11,839,686
. .
1878.
1877.
1876.
27,661,;55
9,069,793
SJ,0;2.393
14,bll,H5J
13,601,09.3
Coin and bullion in
both departments
^,9'29,601
,
£
80,158,029
Other securities
84,548,779
Reserve of notes and
coin
1875.
i7,9.16.215
Prop<,ri'on i f reserve
to liabilities
Bank-rate
Consols
mule
8d quality
p. c.
xaa.S
Mid. Upland coi ton.
JJo. 40'8
3601
8X
EnglNh wbeat.av. price
41,953,a(W
lb,*07,691
30,711,731
60:^.
.
4d.
c.
8p.
c.
8 p.
c
XS4X
X94
438. lid.
48s. 4d.
6 8-l(!d.
61s. Od.
46s. 9d.
6Xd.
6 S-16d.
lid.
73.431,IC0
10«d.
8Xd.
7>id.
OJ^d
llXd.
S5X
ClearfngHonse return. 134,436,000
107,854,100
61,600,000
83,194.000
showing an
increase of £12,653,000.
A sign of the times is that new companies are becoming more
numerous, s«veral having been introduced to public notice this
week. The probability is that some may be brought forward
will be first
haste, as promoters may think that those to come first
public will
If I am not very much mistaken, I think the
served
be very cautious with regard both to new foreign loans and to
m
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
but the late
Berlin, cannot fail to afford support to the markets;
considerable, that
rise in prices has been so important, and so
movement.
speculators have been diffident about following the
For American Government and railway securities there haa been
a fair demand, and the tendency has been favorable.
The St. Petersburg Wedomosti says that the harvest prospects
A failure of the crops is
in Russia have much deteriorated.
central provfeared in the eastern, south-eastern, and part of the
experienced coninces should the deficiency of rain hitherto
On the other hand, reports front tJ^e
tinue'a few days longer.
Moscow district say that an unutually rich yield is promised by
that
the meadows, orchards, cornfields, and woods in the whole of
The Echo du Nord says
twlst,falr
Is.
total of £391,447,000, against £378,794,000 last year,
that the revival of trade in connection
with the mills of Roubaii and TonrcoinK
is
becoming more
:
—
:
:
—
.
THE CHRONICLE.
34
marked.
Everything promiaea a favorable seapon. The wool
combera are working day and night on the raw material obtained
at the sales at Antwerp, Havre, and London. The wool spinning
mills are not able to keep pace with the demand for yarns, and
large supplies are being drawn from Verviers, Germany, and
The dyers are also very buay. Meanwhile, cotton spinRussia.
ners cannot get remunerative prices, yarns still being weak, notwithstanding the recent firmness of the cotton market. The
CambrcsU reports a similar revival also at Solesmes, Caudry, and
Clary.
The Paris Bourse (a lately-established financial paper printed
in English) states that " The fine weather which has set in this
week has completely changed the position of the French crops,
jipprehensions as to the damage done by the continued rain have
subsided. From all parts of the country we receive promising
news.. Corn stands well, and promises full grain. Colza looks
better than for years.
In some parts, cutting has already begun.
The hay harvest is in a good position. Clover and hay are in the
cutting.
In
course of
the Seine valley hay is already in stacks.
There is an astonishing supply of feed of all kinds. If the fine
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 week, compared
with the corresponding period in each of the three previous
years
atrt>BT8.
1877-8.
cwt. 46,741,730
11,625,501
Wheat
Barley
Oats
Peas
lift
1876-7.
34,163.835
11,161,751
9,016,555
1,452,865
8,S68,509
28,449.930
7,060,355
1.115,136
3,879,312
23.092,441
5,683,541
9797
Beans
Blonr
1876-6.
43,743,116
7,433,996
9,292,597
1,247,998
3,209,674
21,587,732
6,243,787
1874-5.
32,602.563
11,647,316
7,798,409
1,535,626
797,258
2^,868
314,518
34, 52
8,237
47,527
24,577
192,714
136,196
70,025
18,103
3,447
46 Oil
50,852
2,420,24'i
13,113 816
5,560,182
KXP >BTB.
Wheat
CWV.
1,411,720
53,835
92,534
18,550
18,958
213,539
74,627
Barley
Oats
.
..
Indian Corn
Flour
731,435
45,2)5
84,465
82,0.30
26,627
42.3,842
39,533
The weather has been very brilliant, not only in this
but also on the Continent. The trade for wheat, and in
country,
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.
[Vol. XXVII.
London Produce and
£
Mon.
Unseed
tr. 8 10
^
qnar.
49
9ugar(No.ia D'ch std)
on spot, Ijl cwt
S3 6
Sperm oil
Stun.. 69
(Cai.)
Whaleoil
Linseed
'•
...» ton
oil.
£
d.
s.
8 10
23 6
:
1877-8.
""00
vious week.
week ending
general merchandise) July
(for
FORKIOM IMPORTS AT
S956,813
1876.
$595,931
General merchandise...
3,385,688
1875.
1,942,.323
1877.
$1,002,553
4,406,100
4,635,066
Total for the weel£.
Previously reported.. ..
^4,342.501
183,115,525
$8,518,262
136,985,495
$6,408,633
171,183,387
$5,375,727
143.347,100
$187,458,026
$li9,523.757
$176,594,040
$143,722,827
Drygoods
,
Since Jan.
1
96 1-18
1875.
$6,190,155
121, 75'., 996
1873.
$8,981,025
126,965,103
$5,082,895
133,915,535
1878.
$5,785,521
171,397,075
$127,942,151
$130,919,128
$133,963,430
$177,163,595
Fortheweek
Previously reported....
Since Jan.
1
The following
Sew York
for
show the exports of specie from the
the week ending July 6, 1878, and also
parison of the total since Jan, 1, 1878,
totals for several previous years
0.8.6b (5-S08) 1867. ...107%
U.S. 10-408
5b of 1681
New4>fB
Lagoayra..
July
2— Str.
Vera Crnz
Wed,
Thur.
110>i
\01%
llOX
1073i
llOJi
96 3-16
96 3-16
107?i
110!^
109
109)i
109X
109%
MH
—
Fll.-
3-16
3-16
1075.'
109
.
Corn
FeaB
8
8
8
9 11
10 3
(new W. mix.) $ qnar. 22 6
(Canadian)
a oarter. 34
V
10
22
34
,
'
d-
72
48
27
35
46
_"
6
6
6
6
3
35
6
46
8.
.
,(''''«)
"
—
PetroleQj3(reflned)....»gaI
'
(spirits)
Cloverseed (Amer. red)
d.
50
to
Hon.
8.
6
6
37
28
40
3
6
ToeB.
8.
72
48
87
85
45
d.
6
6
8
Toes.
B.
d.
50
10
6
6
37
23
40
8
9 4
9 11
10 3
82 6
8
9
4
9 11
10 3
22 S
84
34
Wed.
Thnr.
B.
72
49
27
33
45
d.
8
9
Wed.
8.
d
50
B.
72
49
27
88
43
6
6
9)i
SV
37
23
40
6
8
8
9
10
10
23
34
a
9
Ti
49
87
36
45
6
3
d
4
e.
Tnar
8.
9
6
Frl.
d.
d.
6
3
Frl.
B.
d.
5
10
10
SV
65
9K
6%
6K
87
23
40
d.
50
10
9!tf
"
Tallow(primeCity)..»cwt.
Spirits tnroentlne
"
d.
B.
Sat.
BOBin (common)... Wcwt..
—
72
48
27
Liverpool Produce Market.
—
6
Mon.
Sal.
_
8 8
9 4
9 11
2i
34
Liverpool Provisions Market.
Beef (prime mess) |1 tc. ..
Pork (W't. mess)....^ bbl
Bacon(l'gcl. m.).... ij^cwt
L«rd (American).... "
Oheeae (Am. flne) new "
8
9 3
9 11
10 3
9%
6%
6
6
9X
37
23
40
6y,
6
6
$15,000
%
10,000
1,000
12,000
81,679
13,341
.
$3,079,910 gold).
$133,020
8,601,356
.
.
$8,734,376
$48,40 3.598
20.925.83S
16,4iO,160
55,425,178
31,813,653
49,383.133
The imports of specie at this port during the same periods have
been as follows
:
Carondelet
.Amer. silver
Foreign silver
Amer. gold
.Amer. silver
Foreign silver....
$36,905
319
23,583
11597
102,345
1,253
2,452
4,527
1,400
7,252
7,000
a,97S
Amer. gold
July
5—Str.
July
6— Str. Alps
Crescent City
Foreign gold
.Amer. silver
Foreign silver
Aspinwall..
Silver bars
Qolddust
Amer. silver
Aspinwall.
Foreign silver....
200
610
Amer. gold
Gold dust
Total for the week ($187,518 silver, and $45,691 gold)
Previously reported (t?,4o2,82S silver, and $1,461,809 gold)
Total since Jan.
1,
1878 ($8,6'30,346 silver,
Same time in-
110%
—
"93
.
and
81,262,181
43s. 7d.
98
98
silver dels..
silver
dels.
Amer. gold coin..
Amer. silver bars.
Mex. silver dole..
Mex. silver dels
1870
1869.
1368
1867
1866
81.605,750
213,568
96 3-16
Am.
187)
81,777,103
821,050
96 7-16
Mex.
Same time in—
$21,084,263
31.509.012
65,105.034
31,677,701
31.329.235
44,113.611
71,791,3:9
779,973
loeX
106«
106%
106%
106.V
Liverpool Cotton Starket. See special report of cotton
Liverpool Breadstu^s Market.
Sat.
Mod Toes.
Wed.
Thur. Frl.
B. d,
B.
d
B. d.
8. d.
B. d.
8. d.
Floor (extra Siate)
»bbl 24
34
24
84
21
24 8
Wheat (R. W. spring) 1> ctl
"
(Red winter)...
" (Av. Cal. white).. "
" (C.White club)... "
1878 ($3,654,466 silver,
1,
In
1877
1676
1875
1874
1878
1872
83,918,735
1,486,347
107X
IIOX
108%
106%
Total since Jan.
Same time
port of
a com-
with the corresponding
Total for the week ($132,020 silver, and $1,000 gold)
Previously reported ($3,522,4 16 silver, and $5,073,910 gold)
1— Str. Hadji
Tnee.
96%
1877.
will
July
96 3-16
96 5-16
account.. 96 3-16
1878.
1740,661
In our report of the dry gooda trade will ba found the imports
of dry goods for one week later.
The following is a statement of the exports (exclusive of specie)
from the port of New York to foreign ports for the week ending
July 9:
EXPORTS FROM NEW YORK FOR THE WEEK.
30,1^3,600
Men.
sat.
Console for money..
5
5:
32,602,563
5.560,182
43,343,000
Basllab inarKet (Ceporta— Per Cable.
The daily closing quotations in the markets of London and Liver.
pool for the past week have been reported by cable, as shown in
the following summarr
London Money and Stock Market.— The bullion in the Bank of
England has increased £91,000 during the week
23
5
NSW YORK yOK THE WEEK.
4!,743,!16
5,243,787
32,790,500
30.936,353
45s. lOi.
23
The following are the imports at New York lor
{for dry goods) July 4 and for the week ending
31,163.835
5,635,514
81,942,000
71,020,405
528. 8d.
8
69
vious.
The exports for the week ended July 9 amounted to
15,765,531, against «7,107,529 last week and f 5,851,530 the pre-
cwt.
Hesnlt
62,492,333
Aver, price of En£. wheat for season Sis. Od.
23
6
61
The total imports were $5,375,737, against
13,977,513 the preceding week and f5.893,133 two weeks pre-
1874-6.
Exports of wheat and flour
D
merchandise.
cwt.
Total
„
d.
IMPORTB AND ExFOBTS FOB THB Wkbk.— The imnorts last
week showed an increase in both dry goods and general
1875-8.
7,1)60,355
23
6
9.
8 10
49
^ommtvcinX miA ^Xisctllmitoxxs IJCcwrs.
cwt.
46,7i4,780
home-grown produce
Sales of
Frl.
£
8 10
49
00S5 003500
i8
1876-7.
Imports of wheat
Imports of floor
23
69
35
23 10
83 6
6!)
July 4— Str. Gellert
London
During the week ended June 23, the sales of home-grown wheat
Hambure
in the 150 principal markets of England and Wales amounted to July 5— Str. City of Montreal .... Liverpool
Liverpool..
26,546 quarters, against 34,738 quarters last year; and it is esti- July 6— Str. Britannic
Southampton
mated that in the whole Kingdom they were 100,500 quarters, July 6— Str. Main
against 99,500 quarters. Since harvest the deliveries in' the 150
principal markets have been 1,740,768 quarters, against 1,843,827
quarters, while in the whole Kingdom it is computed that they
have been 6,903,100 quarters, against 7,371,300 quarters in the
corresponding period of last season.
Without reckoning the
supplies furnished ex-granary at the commencement of each
season, it is estimated that the following quantities of wheat and
flour have been placed upon the British markets since harvest
8 10
49
49
69
36
23
.85
.28
Wed.
Thur.
£ B. d. £ s. d.
Toes.
£. s. d.
8 10
49
d.
s.
—
Oil Markets.
8at.
Un8'dc'ke(obl).*
—
.
1377
1876.^
1875 ,.
1874
1873
1872
10,763
$213,809
12,927,437
and $1,510,300 gold)... $13, 140,646
Same time in
$7,434,373
2,331,867
7,386.161
8,659,803
2,158,969
;
....
1871...
1870
1869
1868
1867
$3,2.33,600
7.881,647
9.747.700
4.008,253
1,606,975
2,';33,748
—The Kansas
City Water- Works Loan was brought out this
week by Messrs, Donnell, Lawson & Co., Bankers, 92 Broadway.
It bears 7 per cent interest in gold, has twenty years to run, and
is represented as a first-class investment,
Messrs. D. L. & Go.
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 24, an important auction sale of securihe held at the Exchange Salesroom, 111 Broadway, by
order of Jas. D. Fish Esq , Receiver of the Teutonia Savings
Bank. A description of the bonds to be sold, with Noa dales,
&c., will be found in our advertising columns.
ties will
,
—Messrs. Barbour, Swords & Co., Bankers, 53 Wall street,
have sent us the July number of their "Monthly Financial
Circular", which gives parliculars of the securities called at the
New York Stock Exchange and prices of the same for June.
—
The Ontario Mining Shares are gradually advancing. The
company have just announced their regular dividend for July, and
alao an extra dividend
making one per cent for the month
—
payable on the 15th
inst.
:
. I
.
THE CHRONICLE.
J(7LT 13, 1878.]
35
Coupoii bonds dated July 1 1 805, iiniiiely $.50, Nos. 02.001 to 0.5,000,
both Inehixlve; $1(H), Niih. KhS.OOI to 1 lo.tMM). both liicluslvn; $.500, Nos.
7l,(H)l to 76.200, both IihIusIvi'; If I.imh). Nos. 135,001 to I'lO.OOO, lx>th
IikIuhIvo. 'n)tal coupon IiiiikIs. $'/r>0O,0()O.
KcKlHtcred bonds, rcili'iMMiibli' at the plenstirn of the L'lilteil Htnles
after July 1, 1H70, «« follown: $.50, Son. 2,201 to 2,2.50, both Incliislvr;
$100, \ttH,17,601 to 17,H,50, both ilii-llislve: $.5(10, .Viw. 10,201 to 10.4.50,
both liii-biKlvc'; $l,oo(), Xok. 33,701 to 31.400, both liicln»lve: $5,(KI0,
Noa. 0,101 to 9,250. Iiotb lnilu»lve; $10,O0O, Nos. 17,101 to 17,730, both
liiclusive. Total rciclMteied bonds. $2.5(J<I.000. AitKicKate, $5,000,000.
.
"national banks orhanixbo.
Slates Comptroller of the Currency furnishes the
follovriDK statement of National Bankn orKaolzod the past week
Aullinrlzod capiS.39)-f:riinc County Nntlona; Bank, Oarrolton, Illinoln.
J. (i. 'I'honins, I'roflduut; Kobt.
tal. fliKI.OOil; imld-ln cnpltnl, »10iV) 0.
Authorised to commence bu»lnei'», July 1, 1878.
i'i' TMin, CaMiicr.
The United
:
.
D
The
I
V
D BN D
I
rollowloi dtTldunds have recontly been
M
Nam« or CoxrAHT.
Interest July
PoHod
annonncad
WUCN
Books Closed.
Cbnt. Payable. (Uays
IncluslTe.)
Railroads.
ContrnI Ohio,
com
9
JulyM.
(.'cr'lrnl Ullio,
prof
3
Jnly
July
Auk.
* never
S
3
3
NailL,'tlurk
Pcrlsmimili
89.
IB.
1.
Jnly 15 to July S9
July 15 to July -.9
July li to Aug.
i'.
On dem.
iiMurance.
^tnii of Hartford
Amcr.nn
On dem.
J
Excliangu
.
fi
On dem
On dem.
On dem.
On dem.
On dem.
On dem.
On dem.
On dem.
On dem.
8
B
On dem.
2«
?^
r!romen"»
?^
Importers'
A
5
Traders^
Lenox
Manhattan Fire
Mercli»nti>'
N. Y. E<iultibic ...
8
10
10
S
G
Phenii (Urooklyn)
Relief Fire
StandirdFire
Tradesmen's Fire
(In
dem.
Jnly
3H
this week was tjije visit of Secretary Sherman to New York and
the possible results thereof. We are inclined to think that, as
nsual, there have been exaggerated and erroneous reports as to
lii.s conferences with bankers here, and that the result of liis visit
will be little more than an increase in disbursements of silver
from the Treasury after August 1, and possibly the disbursement
of some gold.
There is little reason to lyiticipate any further
sales of 4i per cent bonds, although ifiidoubtedly the Syndicate
would be more than willing to negotiate them. The five-twenty
bonds called and yet outstanding amount to |30,000,000, and
:
Amount.
.$.-},000,000
57th
.5,000,000
68tli
.'j.OOO.OOO
S9th
60th
5,000,000
.5.000,000
5,000,00<1
6l8t
Duo.
July 30.
Auk. 6.
Aug. 22
Sept. 5'
Sept. 20'
Oct. 11'
That Mr. Shennan will undertake to pay silver for any part of
these bonds we do not believe, although the letter of the law
might penult him to do .so.
In our local market money has been more abundant, if possible,
than at any previous time this season, and to Government bond
dealers money in large blocks has been offered freely on call
at 1 per cent.
The range for call loans on miscellaneous stock
collaterals has been li to 3 per cent.
The Bank of England statement on Thursday showed a gain
for the week of £91,000 in specie, and a reserve of 3;3J per cent
of liabilities, against 30 15-10 per cent last week.
The discount
rate- remains unchanged at 3i per cent.
The Bank of Fiance
lost 11,200,000 francs in specie.
The last statement of the New York City Clearing House banks,
issued July 6, showed an increase of $1,755,325 in the excess
above their 25 per cent legal reserve, the whole of such excess
being §'30,.572,125, against $18,816,800 the previous week.
The following table shows the changes from the previous week
and a comparison witli the two ureceding years
:
1S78.
Loans and dig.
flpecle
Circulation
Net
0.
Differ'nces fr'ni
previous week.
di'poRits
Ij^gal tciutcrs.
.
7.
1876.
July
1!),s'j::,!)(m>
i)<.i-.
213.fJH;.7o(i
III.-.
53,(;oi!,y()0,
Dec.
$253,323,800 .$235,653,300
21,259,300
23,650.600
i5,558,ioo
15,563.600
7.s.-,l.l()()! 231,228,000
223,704,100
lOi)
109
107
I053i
10714
I0714
IO714
102 la 102iariO23s 1021a
1023s •102% 1021a
'105% 10579 •lOS's 105'8
10578 loss's lOS's 100
-107<'8 •107% 10778
•10708 108
108
'10«^*109
109
109 ifl 10918 109>8
107 12 '10758
107% 107»8
"lOS'g 1091s
109 1«
109
loe^H 107
x05%
105%
1057,1
IOO'b
1043s
since Jan. 1. 1878.
Highest.
28.
U. S. 08, .5-208,
Amount July
Kegistercd.
1.
Coupon.
U. S. 5s, 10-408
58 of 1881
New 412 per cents
State
Range
since Jan, 1, 1878.
Lowest.
Highest.
and Railroad Bonds.— Louisiana bonds have been
rather less active this week and sold to-day at 77^. Virginia
Ijonds 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
Exchange are now finnly held at par to 120, and many of the
second mortgages and consolidated issues are also selling above
par.
There are still some first mortgage bonds which ought to
be quite safe, selling at 85 to 100, but most of these are bonds
not known on any of the public exchanges, or about which there
is some delay or doubt as to payment of interest.
Messrs. A. H. Muller & Son sold the following at auction
:
Shares.
Shares.
Mcrch.ants' Bank
110%
6 Bank of the State of N.Y.
(new)
104 19
10 Hudson Co. Nat. B.ink. .. 15
10 Second Nat. Bank of Jersey City
Ill
7 FirstNat. Bank of Jersey
City
143
3,000 Iiiteniiitional Silv. Mining Co. of Ontario, $100
11 People's Gaslight Co. of
Jei-acy City
106
40 Moirisania Steamboat Co. 10
8OI2
9 St. Nicholas Ins
10 Park Fire Ina
llOia
Bonds.
$0,000 Jersey City 78, Imp.,
due 1905
109
30,000 N. Y. Prov. & Boston
1
each, $523 for
lot.
4 North River Bank
lOPhenixBank
60
RR. Ist uiort. 7s, due Jan.
1175-16
77
1, 1899
Closing prices for leading State and Railroad Bonds for two
weeks past, and the range since Jan. 1 1878, have been as follows:
,
July
States.
July
12.
Ijouisiaii.i coiL-iols
Missouri 6«. '89 or '90
.53,381,'200
12.
5.
107% 107% 107% I0514 Jan. 2 109%,Iune 8
110 110% 110% IO4I2 Feb. 25 110% July 5
108% 109 109 103% Mch. 1 10918 July 9
1057s 10614 IO6I4 1021a Feb. 25 106% July 10
1867
North Carolina 6s, old
Tennessee Os, old
58,-147,000j
107 «2
•107 >-j
June July July
no,:i((o'
.'jyO.OOOl
'107
1021a
107 14 •10714*10714
1051s Feb. 25ill0% June 27 $194 J38.9.50 $87,797,400
5.">,IO-<,7()0
102% July 1:1051s Juno 6
51 .447.3.50
105 Feb. 6|108'^ June 27 106, 037.800 201,578.500
68,5-20s,'68.cp. 10631 Jan. 21111 14 June 28
15 ,955.000
21.510.300
.58, 10-409... ep. 1037^ Mcli.
1,10914 July 3 144 ,280,800
50.285.500
5s, fund.. '81. cp. 102% Feb. 25110714 July 5 234 ,035.250 274.105.100
4ia8, 1891 ..cp. lOlTg Mch. lll047g May 24 150;,772,150
89.227.850
48, 1907 ....cp. IOOI4 July 1;102% Jan.
9
69 ,749,.5.50l 29,100,450
6s, cur'iicy.reg. II714 Apr.
5112216 Mny 25
64, ,623,512
Closing prices of securities in London have been as follows:
UlOK.lool
United States Bonds.— I,, (iovemment
IO7I4
IO7I4
105-'%1 •10.5»s
8.
.$23(),51(i,00O Inc ..$;i.795,800
20,120,000 Inc.
..
1877.
July
12.
107'fl
6s, 1881.... cp.
68, 5-208,'65.cp.
68,.5-20s,'67.cp.
10.
Call.
SOtli
July
11.
105%
Lowest.
Oa dem.
On dem.
On dem.
I
Range
July 18.
July H.
July 15.
i^
July
10.
102»2' 102:'s >;o2;'s
coup.
On dem.
12, 1878-6 1> itl.
Situation. The principal topic discussed on Wall street and in the city newspapers
July
lO-lOs
coup.
1865...ICK.
July
9.
;
The noney market aud Financial
as follows
.58,
.5-208,
July
8.
.
KKIDAY, JULY
come due
5-20h, 1865 .coup.
5-208, ]8(!7...reK.
5-208, 1S67 .coup.
5-20S, 18(i8...rc«.
,5-208.1868 .coup.
10-408
roR.
107
107
reg.
Jnly
0.
'1067„ 1067,
107
I06''h 107
104 '4 1041s 101 la •104% 10438
104% 10414 104% 10436 1043g IO414
IOOI4 10018 100 14 100 14 •10014 100*4
100 14 10014 1003s 100 14 100% 100 14
1203» 120'V 120»s 12008 1201a 1201a
* This is the price bid
no sale was made at the Board.
The range in prices since Jan. 1, 1878, and the amount of each
class of bonds outstanding July 1. 1878, were as follows:
jniHcellaueoDM.
TTnlon Trust
1881
1881
«s,
6s,
Os,
6r,
68,
6s,
08,
68,
58,
58, fluid., 1881. ..rcg.
58, fund.. 1881.. roup.
4>9«, 1801
reg.
4'28, 1891
coup.
4s, 1007
reg.
4s, 1907
coup.'
68, cur'oy, '95-99 rcg.
July 12
S
5
.
Closing prices at the N. Y. Board have been as follows:
.
Pkr
:
Virginia 66, eousol
do
do
2d series..
Dlst. of Columbia, 3-65s
Range
since Jan.
Lowest.
1,
1878.
Highest.
x76i8
77 13 69% June 8 85 Feb. 11
XO4I4 •104% IOI14 July
108 Jiuie22
*15ia -15% 15 Mch. 29 18
May 25
*35
•35
Jan.
4
30% May 14
331a
•70
•25
•281s
8418
8378 74 Apr. 12 85 June 10
securities there has
R,MLItOAI)8.
been a large business and the leading dealers have been crowded Central of N. J. Ist consol
-86
04 14 Mch.
90 July 11
90
with orders. The inquiry from moderate purchasers throughout Central Pacitic Ist, 68, gold.. xoais 105 '8 103% Jan.
108% June 28
11^
H3ia .Tunc 15
109 Jan.
the country indicates that savings l)ank depositors have in some Chic. Burl. & Q. consols 7s ..
103 14 May 31
cases withdrawn their deposits since the payment of Julv interest Chic. & Northwest. cp.,gold.. ib'lia IOII4 917s Jan.
102% Miiv 25
Chic. .M.& St. P. cons. s. f. 78.
X0014 100% 9118 Jan.
and made investments in governments, ft is also noticed that Chic. R. I. & Pac. 6s, 1917... .x07% 10778 106 Jan.
11 Ola June 28
II6I4 Jul>- 8
'116
110 Jan.
114
some of tlie large city banks, unable to get more than 1 per cent Krie Ist, 78. exti^nded
II214
Jan.
May 27
Lake
cous..
xllia
109
S. & M. 8. 1st
cp.'.
110
for their money loaned on call, have finally concluded to purchase
112 July 3
Michigan Central consol. 7s.. 110>8 110 103% Jan.
Government Ijonds. There has been cjuite a little movement of Morris & E8.sex Istuiort
120 Apr. 29
1175« 119
1 151a Jan.
1-22
bonds from London this week, and some parties estimate that at N. Y. Cent. & Hud. Ist.cp.... xl8% 118 113 Jan.
June 26
10218 June 27
x98ia *98i4 9578 Feb.
least ?2,000,OUO have been sold here for London account, entirely Ohio it Miss. cous. sink. id.
June 13
118 118 Fob.
Pitts. Ft. WavneA Chic. 1st.. xll8
1211a
outside of any transactions in calltnl five-twenties.
10it% May 24
Secretary St. Ix)Ul8& Irtm Mt. 1st in
108% '1081a 103 Apr.
Sherman refuses to sell more
xO«i« 106 103% Jan.
108% June 28
per cents, and any request to Union Pacific l.'t. 6s. gold
105 14 July 9
do
sinking fund...
IO413 104% 92% Mch.
that effect by the Syndicate was respectfully declined.
The sixty-firgt call for tlie redemption of 5-20 bonds has been
* This is the price bid
no sale was made at the Board.
issued by the Trea.sur}-. The call is for $5,000,000, on which
KaUroad and iniscellaneoua stocks. The stock market
interest will cease October 11.
The following is a description of has been for most of the week tolerably active, with prices
the bonds:
decidedly firm, although to-day there was a pretty general reac-
^
:
—
....
.
.
:
The important event of the week was
list.
Mr. Vanderbilt's conference at Saratoga, which was apparently in
the nature of a family affair, and resulted practically in a comtion throughout the
—
bination among his three Western lines the Lake Shore, Michigan Central, and Canada Southern for mutual arrangements to
avoid strife in getting business, to abolish commissions, &c. It
is also reported that a proposition was made to the Great Western
of Canada to divide business with the Canada Southern on terms
An advance
to be decided by Mr. Thomas A. Scott as arbitrator.
in East-bound freight rates at the present time was considered
inexpedient.
The general effect of these arrangements and the
disposition shown by Mr. Vanderbilt towards the other lines cannot so far be regarded as other than favorable. Western Union
Telegraph continues to be among the strongest stocks, in consequence of reported large earnings the receipts for the quarter
showing, as stated, an increase of $170,000 aliove the estimate
given in the recent quarterly report. From this time till tha
middle of August the Western railroad stocks must hang, to a
great extent, upon the crop reports, and if another large grain
crop is secured, their friends will have confidence in present or
higher figures, based on the certainty of heavy freights during
1878-9.
It is to be remarked, however, that the prices for grain
this fall may not support as high rates for transjiortation as during the past year, although these rates have been relatively low.
In Kansas, wheat has already been gathered in, and reports say
that at 50 cents per bushel farmers are inclined to stack rather
than thresh and market their grain.
The daily highest and lowest pri ces have been as follows:
—
—
July
Central of N..1
Chic. Burl.* Q.
C. Mil. & St. 1-.
July
6.
39
.S8
Tuesday, Wedn'Bd'y Thursday,
July 10.
July 11.
July ».
Monday,
Saturday,
6.
3««
38J^
'f^"^
109
110
39!< 43)s
109)^ 110
Friday,
July 12.
t3H 44H 43H 46M
llOM
111»« 111^4 112)1
53^ 54% 53^4 54M 54^ 64^ 54% 54%
84'l<
849g 84^ 84S1 84«
do
pref. 83>« 84K S3|| 84^ 84
62>^ 6(2% 61% 51% 62Vi
Chic. & North. 61^ 52)^ 51
pref.
77
78S|
Erie
IBM
mi
18%
St. Jo..
pref.
Illinois Cent...
11
11
iu2
lljl
•IIW
27H
85g
i.^ii
27
2-i
83
88)i
"fZ'^
&W
Han. &
do
tm
ISU
86%
61H ti%
Lake Shore
Michigan Cent
88
89
Morris & Essex f^6 gi^ 86)^ S6}<
N.Y.C. & H. I-. 108 11(1 109^110
Ohio & Miss...
7M 8H
PaciUcMaa.... ifH
log 17
Panama
127K
.
115
59J4
llsCfi
16
12
16
80S^
88
11558
69
59%
61« 61% 61^
62
68
•lia^
im
86H
»m
61>^
62J|
68
69
86
86« 85« 85%
1098 109% 110
lOOJiS
8
•27
87
mu
87%
84«
"9^
reported
1877.
.
ao Iowa Hues. June
do Spiingf. dlv.June
Jan. 1 to latest date.
1878.
1877.
$31,225 $2,283,419 .$2,076,057
386,905 2,451,671 2,174,750
95,257
748.766
599,373
88,371
85,090
614,307
579,396
17,792
558,288
635,707
253.652 1,435,975 1,346,045
72,997
274,445
306,570
384,942 2,099,713 2,044,109
258,123 1,255.760 1,430,933
332,169 1,272,662 1,193..541
95,401
846,093
737,900
128,647
730,140
693,555
4,612
2.797
96,331
81,930
115,020
14,151
84,068
18,743
June
223,523
Kansas Paclflc
Louisv.Ciu.&Lei.Aprll
64,761
Louisville & Nash.May
393,000
207,514
Mo. Kans. & Tex .June
334,535
Missouri Paciflc. .April
104,231
Mobile* Ohio. ...May
Nashv. Ch.& St.L.May
124,837
Pad.AElizabetht.3dwk J'ne
5,050
Pad. & Memphis -.3d wk J'ne
3,881
Phila. & Erie
May
238,024 260,.591 1.042,628 1,139,159
Phlla. & Reading. May
1,286,015 1,387,329 4,171,768 5,193,975
St.L. A.&T.H. (brs) Juiie
38,548
35,079
223,263
238,491
253,600 274,164 1,868,068 1,932,141
St. L. Iron Mt. & S.Jime
46,433
St. L. K. C. & No. Ist wk July
41,232 1,556,529 1,4.2,455
St. L. & S.Fran... 2d wk J'ne
17,966
22,840
491,919
556,876
12,316
St. L. & S.E.(8t.L.)3dwk J'ne
11,739
275,200
265,162
(Ken.).,3dwk J'ne
do
6.768
6,756
155,736
135,329
do
(Tenn.).3dwk J'ne
2,705
2,677
78,421
66,152
St. Paul & S. City .May
58,131
37,827
238,379
167,298
Scioto Valley
Jime
27,576
117.714
Sioux City &St. P.May
33,215
18,108
149,810
92,07eSouthern Minn.. May
81,769
36,289
320.359
172,072
Tol. Peoria & War- Jime
76,887
80,010
613,042
498,503
Wabash
June
322,801 353,847 2,209,619 2,059,070
WortU'gt'n & S. F.May
10,019
1,524
36,757
7,116
XUe Cold OTarket— Gold has sold at 100^ for most of the
week and so closes. Silver is lower in London than when the
Silver bill passed, and is now quoted at 53i@52|d. per oz., making our new silver dollar worth about 89 cents in gold. In view
of Secretary Sherman's reported purpose of paying out more silver
and perhaps gold in the government disbursements after August
the price of silver in London has a little more of practical
1
interest for us than heretofore.
On gold loans to-day the rates
were flat to i per cent for borrowing, and 1 per cent for carrying.
The range of gold and clearings and balances were as follows
Indlanap. Bl. &W. Jime
Int. & Gt. North. .3d wk J'ne
.
.
.
.
:
61^
Quotations.
28
87
63
Open Low. High
'
j
July
68J4
86
1095? 110
8
8%
17)^ 17%
"
"
10..
11..
12..
"
100%
100=8
6..
8..
9..
1^
16^ 17H 1 H 17«
129 129
Wabash
14% 14W 14!^ HH 13^ 14
14
14
13% 14
Union Paciac. (H'4 M>i 64^ 843 63!^ 84
«3«
8^
West. Uu. Tel
88t^ 89W 88W 89>i 89
91
8i§|
ilH wH
89H
Adams £xp
104W 104M 104H 1045^ 104)^ lOtil
104 104 104 104
American Ex.. *
475| i-!% 471* 47% i-'H 47g
48J^ •47?^ 48
United States
47ji i'l-a •48
•47)1 49
49
..
i^H f'H •47%
Wells, Far<o.. •i"r 9i« 90U 01^
•90
90 91
91
91
* 91
Quicksilver.... •129« 15
•12« 14 •IS
14!^ •13
Uii •13
do
pref. •TT: 35
SIM 'iHi •31
32
32
32 l*315i 35
* These are the prices bid aud asked; no sale was made at the Board.
Total sales this week and the range in prices since Jan. i, 1877,
were as follows:
mn
—Latest earnings
Week or Mo. 1878.
Gr't Westeni .ftTc.end.JiUy 5 $81,819
111. Cent. (lU.line) Jime
406.939
IBM lOH
11% lUi IIM
•28^ 28
"Thi
^58^6
605s
[Vol. XXVII.
,
78
76j|
1151^ 115
I. & Pac. lU^llrt% 115
58
58
Del.A H. Canal 67
Del. Lack.
58>^
ioH 6lS
C. K.
.-
;
;
THE CHRONICLE.
36
do
..
.
100=8
100% 10038 100%
100% 100% 100%
100%100%'lOO%
100% 100%; 100%
100% 100% 100%
Balances.
Gold
C108.
Clearings.
Curnncy.
Gold.
100% $15,347,000 $1,775,815 $1,790,885
100% 14,591,000 1,420,100 1,429,864
100% 13,523,000 1,478,805 1,488.716
100%
14,107,000 2,188,136 2,208,198
100%
7,001,000
861,066
865,425
100%
7,644,000 1,480,000 1,488,356
This week 100=8 10038 lOO'^s 100% $72,213,000
Prev. w'k 100% 100=8^00% 100=8
58,744,000 $i,33i,717l$l,346,59i
S'ce Jan. 1 10278 100l8tl0278 100%
1
1
.
Jan.
Sales of
1,
1878, to date.
Whole year
1877.
Week.
Lowest.
Shares.
Central of
N.J
Highest.
Low. High.
45 14 July 11
6
37%
Chic. Burl.& Quiuey
28 113 July 12 94 11878
Chie. Mil. &8t. P..
2 5473 July 8 11
42%
do
do pref.
30 84% July 9 4078 7314
Chicago & Northw.
11 55i4Apr. 17 15
4378
do
do pref.
9 7913 July 11 37% 691s
Chic. Rock Isl. & Pac.
15 11912 Juno 7 82% 105%
Del. & Hudson Canal
5 5978 July 10 25% 74%
Del. Lack. & Western
4638Mch. 5 6178 July 10 30^ 77
Erie
7=8 Jan. 5 17=8 June 5
4=^ 15
Hannibal & St. Jo.
500 10 Feb. 28 13% Apr. 16
7
15^8
do
do pref.
850 21=8 Feb. 28 3 134 Apr. 16 17
3373
Illinois Ceutial
3,205 7238 Feb. 14 87 July 11 40% 79
Lake Shore
247,159 5578 June 29 69i4Apr. 15 45
7338
Michigan Central
11,600 5812 Jan. 3 72=8 Apr. 18 35=8 74)4
Morris & Essex
11,402 6738 Feb. 28 89 June 10 51 14 92%
N.Y. Cent. & Hud. R.
4,001 103% Fob. 11 112 June 11 8514 109 14
Ohio »fe Mississippi
4,060
6 % June 29 11 14 Apr. 15
2% 1138
Paclflc Miul
5,270
1=8 June 21 2378 Jan. 16 1278 26I4
Panama
50
.:
Jan. 5 131
Feb. 25 80
130
Wabash
3,118
% June 26 2038 Apr.
Union Paclflc
4,345
2 =8 July 11 73 Mch. 20 59% 73
Western Union Tel.
24,882
90 July 10 56
L JfiFeb. 13
84=8
Adams Express
42
08 Jan. 8 IO4I2 July 10 91
105
American E.xpress
2ii
47 June 14 521a May 8 43 14 6OI4
United States Exp.
li)
46 Jan. 22 51% Feb. 25 36
59%
Wells, Fargo cfe Co...
11 >a
821s Jan. 7 95 June 6 81
90
Quicksilver
13 July 2 19% Feb. 25 13
24
do
pref
500 29% Feb. 5 37 Jimo 1
1978 45
The latest railroad earnings and the totals from Jan. 1 to latest
dates are given below.
The statement includes the gross earnings of all railroads from which returns can be obtained.
The
columns under the heading "Jan. 1 to latest date" furnish the
gross earnings from Jan. 1 to, and including, the period mentioned in the second column.
-—Latest earnings reported.^ ^Jan.l to latest date.-^
r- A uxTixT,^,c
EARNINGS.
Week or Mo. 1878.
1877.
1878.
1877
S. F.June
$251,000 $185,731 $1,498,383
$1,036,671
*^^^^i& '^^P\^
•^" ^
.- ^.'
Atl.
Gt. West... April
276,372 303,142
1,108,863 1,103,574
Atlantic Mi8S.<fe O.May
125,208 123,614
641,716
628,109
Bur. C. Rap. &N.l8twk July
20,313
15,966
813,814
444,614
Burl.& Mo.R.iu N.May
145,754
56,430
644,491
344,672
Cairo & St. I^uis.Sdwk J'ne
4,069
5,802
98,736
119,750
Central of Iowa. May
62,842
45,355
Central Paciflc. .June
1,460,000 1,484,232 7,883,363 7,838,705
Chicago* Alton. .IstwkJuly 73,622
71,505 2,067.563 2,103.247
1,275,516 917,447 5,520,700 4,514,313
^h*'-S'-,'''v*of^v;?'^"y;
Chic. Mil. & St. P. 1st wk July 151.000
122.659 4,408,000 3,080,810
Clev.Mt.V. &D,.3dwk J'ne
6,098
7,738
170.800
173 491
Dakota Southern. May
19,039
16,347
86,344
65 724
Denv.& P.io G...Juue
89,435
57,502
436,705
306,137
Detroit &M1IW... April
77,364
76,636
Dubuque &S.Clty. June
75,373
58,743
486,250
364,752
-March
1,147,208 1,170,714 3,572,637" 3,262,726
ST-rV.o-.
Gal. H.&8.Aut..May
88,254
66,478
443,975
370,331
Grand Tnmk.Wk.end.J'ne 29 165,794 181,461 4,350,177 4,326,907
.
.
.
34,723
8,596
54,120
19,500
60,910
56,352
6,284
15,475
128,170
53,000
1313 Jan.
99 14 Feb.
36 Jan.
68% Jan.
3318 Feb.
59% Feb.
9838 Jan.
45 Jan.
The following
are quotations in gold for various coins
Dimes & % dimes — 98 a> — 98=8
$4 89 ®$4 92
Napoleons
3 92 ® 4 00
Silver 14S aud %s — 98I4® — 98%
— 93 a — 94%
X X Relchm.arks. 4 75 ® 4 81 Five fiiiucs
X Guilders
3 90 ® 4 10
Mexican dollars.
90%® — 91 14
Span'hDoul)loon8.15 65 ®15 80
English silver
4 75 a 4 85
Mex. Doubloons.. 15 50 '2)15 70
Prus. silv. tlialers. — 68 S> — 70
- 98%® — 98%
Flue silver bars
115 ® 115% Trade dollars.
Fine gold bars.
par.®i4prem. New silver dollars — 99% S — par.
Excliange. Foreign exchange has been dull, and to-day there
was scarcely anything doing for to-morrow's steamer. On actual
transactions the rates are about 4.84 forCO days sterling and 4.86f
Sovereigns
.
—
@4.87 for demand bills and cable transfers. There have been
sales of bonds here against purchases in London, and these
bonds coming in may cause a temporary renewal of the demand
for exchange from bond importers.
In domestic Ijills the following were rates on New York at the
undermentioned cities to-day: Savannah, buying 4, selling J premium; Charleston, firm, 3-16@J premium St. Louis, 90 prem.;
New Orleans, commercial, 3-16, bank i Chicago, 60 premium
and Boston, par to 12^ premium.
Quotations for foreign exchange are as follows:
some
;
;
JULV
60 days.
12.
3 days.
.
1
1
I
.
.
.
Prime bankers' sterling bills on London,
Good bankers' aud i)rlme commercial.
Good commercial
Documentary commercial
4.8334®4.84%
4.S3i4®4.83%
4.82 ®4.83
4.86%®4.87%
4.81%®4.82%
4.84%®4.85%
Paris (francs)
5.1938®5.15=8
5.1938®5.15=8
5.193b®5.15=8
5.1078 0)5.1438
.
Antwerp
(francs)
.
Swiss (francs)
.
Amsterdam
Hamburg
(founders)
3973®
(relchmarks)
94%®
94%®
94%®
94%®
Frankfort (relchmarks)
Bremen (relchmarks)
Berlin (relchmarks)
The transactions for the
aa follows:
week
at the
July
6
Customs.
Coin.
$25i.00O
J5!2,149 31
722.973 56
314,213 89
8
4'!5,000
10
n
215,000
285,000
393,000
12
2-)4,000
,
Currency.
ji.Mi.oia 55
1.836,.322 76
1,87^,594 43
443,989 79
1,042.633 97
1,-J45,6!4 09
5S6,93-J 11
757,961 93
301,679 26
4.86i4®4.86%
®4.86
4.85
5.1678®5.1438
5.1678®5.14%
40
40%®
95
95
95
95
9533®
9533®
9533®
9533®
—
4014
"
95=8
95=8
95=8
95=8
Sab-Treasury have been
Receipts.
'
.
.
^-^Payments.
Currency.
,
Coin.
}913,04:i 61
81:1.658 45
619,92'i (19
1,321,60-)
84
490,881 37
558,581 08
1983,351 S3
938,3:S0
05
7d5,631
703,806
641,334
546,374
82
16
18
00
Total
t;,8)9,0-0 t3,a05.810 07 t7,01S,14'i 59 $4,717,592 41 t4,.V«,677 53
Balance, July 5
119,189.80i) 17 41.466,43171
Balance. July 12
117,678,0;3 30 4),98ii,U:0 87
Boston
The lollowing are the totals of the Boston
banks for a series of weeks past:
Loans.
Specie. L. Tenders. Deposits. Circulation. Agg. Clear,
Uauka—
1878
July
July
'1.
8.
X
ft
ft
ft
t:
ft
138,621,709
129,319,000
2,633,800
8,451,900
6,875,100
5,917,800
62,775 300
53,25J,000
25,043,400
85,361,400
42,626,701
51,573.489
Phlladelpbla
Banks—The
totals of the Philadelphia
banks
are as follows
Loans.
S
1873
July
July
i.
8.
56,906,313
57,417,531
Specie. L. Tenders. Deposits. Circulation.
ft
1,898,357
3,165,605
%
13,726,831
13,617,76-3
ft
45,647,430
45,931,792
S
11,001,136
11,055,863
Agg. Clear
it
39,063,352
3-3,3aO,e»l
.
.
—
.
—
1
., .
. .,.
....
..
THE CHRONICLE.
Jui.T 13, 1878.J
Ken York Cltr Bauk*.— The foUowkng statement shown the
condition of the AKsociated BankH of New York City for the week
of business on July 6, 1878
ending
^ at the commencement
X turn ^nm
t M/itrftTT nw
AMoimx
or ^__..^^__^
ATSRioi
Igl
Net
ClrcnlaLegal
LoaDa and
tlOD.
Specie. Tenders. Depoaits.
Capital. Dlscounta
Banks.
t
>
*
»
$
40,000
9.9»,000
l,947,!00 2,717,400 1,507,800
New York. ....... s.ooo.oco
6,142.700
7,600
»,i M.OOO
6,289.90} 1,010,100 8,6i2,100
Manhattnn Co.
37
BOSTON, PHILADELPHIA, Btc— Contlooed.
Bid.
aaoinirnu.
:
Aak
•corarnis.
Bid.
Ask
.
.
.
MerclDuts'
Mochuulcs'
!t,OUO,000
!S,oao.ooo
fiilon
Clly
i,aoo,oou
s.ooo.ooo
t.oio.ooo
1,000 00)
Tntd.amon's
1,000,0(10
America
PlKBDiZ
l.OSV-'OO
«,OS9,000
3.t>9 1,400
8,0.1.600
2S9.600
340,000
920,700
970,000
94«,!I00
1,9U.100
«,MI,000
800,000
339,000
4,9liS,'iOO
l,(M0.40O
306,700
71,309
8,9ao,0tj0
773,.300
2,a06,tX)0
517,-iOO
9,675,900
44S,300
162,000
236.000
171,100
2,290,000
924,000
1,0)3,000
845,600
364,'KlO
2,01(1,500
2»,90O
3,K7.40O
t66,800
1,959.900
9,330,000
12,162,000
876,200
3,'2!<5,«0J
825.tKX)
2,727,400
1,897,800
1,877,900
2,536,700
1,194,100
1.517.501
4,521,900
3,087,40)
»«.0«0
l,5"5,5lX)
300 000
Ciiomlcal..
McrclianiK' E^ch. 1,000,000
9,886,400
3,571.800
3,961,100
Fulton
OallutmNulloiial
Butclicrs'ADrov.
Mechanic*' A Tr,
Grcenwicli
Leattier .MannTrs
SeTvuth Ward.
SUte of N. Yorlc
1,M10,00(1
500.000
000.000
200,000
600,000
300,000
800.000
American kxcli..'5,o0o;00O
5;000,000
Oommorce
Broadway
Pacific
1,418,(00
87,01)0
810.000
9,300
291,700
63,000
309,000
2,.'S58,600
861.500
1,739.300
ll,H40,0fl
16,067.800
<,756,600
S.291.600
1,864.700
1,000,000
1,000,000
429,700
Mercantile
1,MO,000
3,K1,500
450,000
412,500
People's
North Americs.. 700,000
l.'OO.OOO
Haaover
500,000
Irving....
2,6il7,100
Republic
Cliatbam
Metropolitan
Cltizns'
..
3,817,00.)
3,421,000
3.741,500
t,256,4X)
2,047,900
15,450.600
10,99i,400
614.000
54i,200
743,400
11', 100
1,2jO.0()O
Oriental
300,000
Marine
Imporlers'&Trad
Park
Mech. Bkg. Aes'n
40,).000
1,500.000
2,000,000
600.000
Grocers'
300,000
North R.vcr
240,000
KastKiver
...
350.000
Maniifrs"
Mer.
100,000
Fourth National 3.6 0,000
&
361.8(10
4,938,400
l,l'19.70O
1,025,100
1,095,500
1,976,900
Sro.OOO
750,000
German Amerlc'n
Inc.
Dec.
4,108,100
390,000
9,735,000
1,914.200
1,731,100
2, '26,0(10
214,80)
3,900
288,000
495,100
555,300
4.700
755,700
300
753,700
2,407,600
1,991,400
2,911,100
1,108.400
l,ti52
1,961,2.)0
328,-100
18,490,000
12,731,300
4o),000
508,400
736,600
583,300
410,200
10,846,500
6,117,000
2,021,000
3,)07,200
8,003,000
5,580,600
732,800
850,000
1,1)5,80)
1,110,300
6+), 00
306,800
95,600
1,042,100
l,35-),000
J70,0.fl
5l>',2t)0
45O,0C0
794.500
267.100
222,000
180,000
1,921, 'K)0
Dec.
Circulation
Loans.
L. Tenders.
Specie.
t
t
37,231,201)
207.171,200
Feb.
Feb.
Feb.
Feb.
Mar.
Mar.
Mar.
Mar.
Mar.
Apr.
Apr.
Apr.
Apr.
241, 275, .500
216,456, -200
&3,.326.400
37,116,900
4.
11.
18.
246,320,800
iM2,978,900
241,566,700
241,590,900
240,^49,100
236,018,400
232.113.400
290,801.500
329.936.400
232,030,700
238,122,600
37,362.200
34,877,000
34,845,600
33,978,000
33,137,900
30,655,900
30,336,200
29,805,700
29,425,400
210,,i01,700
243,051,300
242,859,900
243,659,100
30,193,600
31,230,000
32,146,900
33,011,600
32,379.400
25.
•233,997,200
16.
23.
3.
9.
16.
23.
30.
6.
13.
20.
27
19,<lO<t,900
390.933,811
361,644,610
53,'i06,.300
213,81(1,700
19,934,200
19,823,900
34'),4C3,759
;153,550.23I
Lehigh Valley, lst,68, cp.. 189 103)4
do reg.. 1893.. 109
do
BOSTdSi.
PIllLAUiiLPIIlA
Hartford
Vermontfa
MunlUpana
.*•
•>
....
...
•
Masaachnaetta 5«, gold
Uoaton to, currency
do 5a,gold ..
Chlcaco aewerage Ta
•
..
*"
:"
*'
103
tmi
Inc. 3a..
do
do
do
m.,78, reg., 1910.
con. m.,63,rg,,19^3
68,'p.,19.3
do
Little Schuylkill, lat m.78 •f2
2
&
78.
new
2flV
«8
Western, Sa ....
Ark. Valley, 7a
ft S.
97
Pusblo &
Kntland 88,1st mort
Verm't C. lat m.,78
Vermont & Canada, new
9Hm
78
lU
88..
Kit., 6a
....
STOCKS.
Atchison ft Topeka
Boston ft Albany
44tli
11^
•
...
•
Sandusky
*
Clev....
39Ji
l'l'2W
Navy Yard 68. rg,'dl
do
Perklomen Ist m.(is,coup.,'97
Phlla.
74 !k
104
Saahna* Lowell
New York * New England..
f>H
....
102
ft
Erie lat m.6s.
"8,
2d
m
cp.,'81,
cp.,'38,
54
...
US
49
132
Ptalla.ft
*
too
m. 68, 'tS-'U. 104
'48-.49.
dj
2d ni.. 7a, p,,'9S iii«
Read,
lat
do
do
dcbcn., cp., '93*
do
cpa. off.
do
do
acrlp, I3S2.
do
In.ui.78, cp,1896
do
do cons. m. Is, cp..l91!..
do cons. nl. 7b, rK..19:i..
do con4.in.8M,g.ij9;i
da conv. 7s, '.893'
7a. coup, off, '93
do
do serin, VHS2
12H IH
'l^
&
do
Phlla.
34
..
40
113)4
Pennsylv., lat m., 6a, cp., '80.. ;o3)J 104
107
gen. m.8s,cp.. 1910,
do
gen. m. 6b. rg., 1910,
109)4
do
cons. in,6s rg., 190S, »(
do
cons, m, 8s. cp.. 190S. 94
do
.
Connecticut River
Conn, ft Paaaumpeic
Eaatern (Maas.).
Eaatern (New Uampablre)...
ritchburg
1
Kan. City Top. ft Weatern...
Ex rtghU.
B.,"8, cp..'96
102« 102«
Boston ft I'rovldence
Burlington ft >>lo. in Neb.t.
Cheshire preferred
C!n.
4.5
VM'i
ii5
,
79
Read.
C* I.deb.78,v2
In default of lntere*t.
1
5
15
23
25
5
1
9
100)4 103
104
108
90!
»«!
93
100
97
108
105
105
lOS
105
59
86
100
108
81
106
108)4
28
83
28
1^
93
98
103
108
99)4
84
US
100
104
103
108
icb
U4
101
45
25
lOOH
m
104
100
100
101
96
90
100
e7
78
m
t
ex past-due ciupona
LoulB.&Fr'k..Loul8T.ln,6s,'8
Loulsv. ft NaahvlUe—
t
Leb. Br, 68, '36
lat m. Leb. Br. Ex.,7s.'80-S6.t
08
99
90
82
98
88
87H
108
1
87)2
97)4
86
lOSX
103)4
lOO
88, '»3.,.t
"98 .......
.Mad. ft Ind stock.
104), Jefferaon
Louisville* NashvMe atock. '30)4
37
ST. LOL'IS.
St.
Louis 8s,loi'g
t 102
103U
water w, gold
do new.,
do
bridge appr.,jg.6stl
",
renewal iold,4«.t
..
sewer, g. oa,
6, •»:JM.t
Louis Co. new park,g.6s.t tosta 104)4
cur. 7a
t 105
do
do
do
do
do
ao
«»«
103
103
St.
(JO
30
61
108
97
37
97
78
95
68, '82 to '87
+ 96
do
8s, '97 to '9S
9«
do
water 68,'87 to '89
96
do
water stock 8s,'97.t U8
do
wharf 6s
t 96
do
8pec'l tax 83 of '89.t
do
Louisville water 6». Co. 1907 101
Jeff. M.ftl Jet m. (IftM) 7a,'81t
2dm., 7a..
do
letm.,7a, 1906. ..t 106
do
LouIav.C.ft Lex. let m. 78,'97.
do
Lou. In.
Conaol. latm.7a,
lot
70
81
t 100
Louisville 78
acrip
do
Pa.ftN.T.O.& BR.78,'96-1906.
ft
130
ua
LOUISVILLE.
I
Oil
fittab. Tltuav.
Oid Colony, 7a
Omaba
110
(l.&C.) I8tm.7s.'38
do
97
Little Miami 63. 'j3
12
Cln. Uam. ft Dayton stock.
Coliuubua ft Xenla stock.,
96
Dayton ft Michigan stock.,
8. p.c. st'k.guar
do
Little Miami stock
Ist m. 8s, cp.,'85, :o«)4
2d m.7s, cp., '96, 112
do
do gen. m. 78, cp, 1903, 104)4 104K
do gen. m. 7s, reg., 190'? 1048
Creek Ist m. 7s. coup.,'8i. 8U '86
27
Lake Ch.Sa...
lU
85
.
3d
.
Bid. Aak.
107)1
do
6a
goaton 4 u>well -a
111
lllJi
Boston i Maine 7a
Boa „n» I.o«ell6a
\(ym
l08u>n ft I'rovldence 7-'
Buri.4 Mo..land«rant7a..
^,
Neb.8a,li>»l. ...
do
nmi
Seb. 88, 1883
do
111
Conn. A l'a88limnalc,7r, 139:.
ritcht)urg mi.,ia
It*
•••
do
7a
••
Kan. City Top. A w., 7a, lat .... 10754
Eastern, Masa.,swa, new.
'>jtden8burg
Erie
Vermant&Msss.
uU^
m.7a
iau
&
<lo
•••
>••
•••
...
land grant 7a TfrnJ
Und
„ .
Boston* Albany 7a
.
North. Penn.
BOSTON.
lat
AND OTUBR CITIES.
saocBiTias.
Bid. Ask.
Maine ««
New Hampshire 6«
do
do
1:1,979,600
108«
110
112
118
110
112
91)4
106
102
.
•339,022,452
374,2:39,182
108
103
.
do
1(.7
BOX
BAIljROAD BONDS.
lOS
Allegheny Val., 7 3-108, 1896...
78, E. ext.,1910 88X 87)i
do
Inc. 78, end.. '94.
2S
do
CINCINNATI.
Bclvldere Dela. ist m. ,68,1902. 104
Cincinnati 6s
•to
2dm. 6a. '85.. 101
7a
do
3dm. 6a, '37.. 95
do
«SM
I'SOa
do
Camden ftAmboy 6s,coup,'33 103
do
South. KR. 7-30e
68. coup., '89 101
do
do 6a, gold t
do
mort. 6s, '89
do
100)4;100K Uamllton Co., O., 88. long.. .+
105
1903
..
1st
m.
7a.
g.,
Cam. ft Atl.
7a, 1 to5yre..t
Qo
2i m., 7b, cur., '80 Mm,do
7ft 7-3as, loDg.t
do
Cam. ft Burlington Co. «a '97,
CIn.ft Cot. Bridge at'k, pref
Catawlasa 1st, ,a, conv., '82.
Cln. Ham. ft D. lat m. 7a, '90
chat, m., lOe, '88
do
2dm. 7a, 'dS..
do
107
new 78
do
Cln. Ham. ft Ind., 7a, guar.
104)4 io:>4
Connecting 6s. 1900-1901
Cln. ft Indiana lat m.7a...
Dan. H.ft Wilk8.,lst.,7s,'37.
do
2d ra.7a, ',7...
Delaware mort., 6s, various.
Colum. ft Xenla. lat m. 7a. '90
Del. ft Bound Br.. 1st, 78,1903 97)4 98« Dayton ft Mich, lat m. 7a. '81
EastPenn. IBt mort. 7b, '88 ..
adm.7e, '34.
do
E1.& Wmsport, ibt m.,7B,'S0. 104J4 105
3d m. 7a, '8d
do
SB.perp
do
Daytonft Weat.latm.,'8l...t
Harrlsburg iBt mort. 6s, '83..
lat m., 1966
do
'90.
lo8«
loJx
H. ft B. T. 1st m. 7b, g51d,
lat m. 68,1905
do
2d m. 7s, gold, '93. 30'
do
Ind. Cln. & Laf lat m. 7s.
19,934.900
439,525,545
110
110
111
112
105
8i, 3d, J.ftJ
do
12)4
Union RR. iBt, guar., J. ft J., 105
Can on endoraed. 100)i io5s
do
HISCELLANEOrs.
Baltimore Oaa certiacatea... 100 106
14
People's Qas
13
53,996,.300
441,44-',055
381,415,325
107H 108
110
108
100
186
loe
108
108
110
114
109
95
.
426,180,.360
4I9.201,:J99
SUH
lOS
100
68, '85,
—
Pennsylvania
Schuylkill Navigation
pref...
do
205,785,-JOO
3.59,:35:3,:328
fo
J&J
Northern Central
'
205,384,100
205,965,600
215,155,900
315,085.100
211,938,500
210,378,400
.
68, 19(10, A.ftO
do
4
"*H
do 6s, gld, 1900, J.ftJ.
United N. .1. Companies
127)4 128 >t
Cen.Ohlo6B, lBtm.,'90,M.ftS.
West Chester consol. pref.... 56
iBt
m.,gr.,'90,J.&J
W. Md.68.
WestJersey
do Ist m., 890. J. ft J...
CANAL STOCKS.
do 2d m., guar., J. ft J
Chesapoalteft Delaware
do 2d m.. pref
Delaware Division
do 2d m..gr. by W.Co.JftJ
20«
Lehigh Navigation
20H
do 6s. 3d m.. guar., J. ft J.
50
Morns
Mar. ft Cln. 78, '92, F. ft A ...
12S
do pref
2d, M.ftN
do
m, cons. 7s, "gs',
Ithacaft Athene Ist g d, 7s. ,'90
J uuctiou 1 St mort. 6s '82. ,.
2d mort. 6s, 19J0
do
L. Sup. ft Miss., 1st m., 7s g.
38,612,000
41,020,100
44,023,900
47,218,000
47,816,400
49,502,900
52.466,900
212,1.32,000
SIO.891,600
21-3,933,400
104
104J4
104)4
In. W. Va. 3d m..guar.,'85,.)ftj
iPlttab.ft ConnellBV.'iS,'98,Jft.I
i
38'v',888,884
351,:ili4,165
SaCOEITIES.
<lo
129
ft
20,0r2,300
20,005,800
19,911,000
•3O,42l),O0O
lS5t.
Ualtluiore.
Pittsburg 'lltU8V.& Buff
Phila.Wilinliig.
199,686,100
198,985,300
199,867,900
202,271,800
16,069,700
16,311,900
.
.
ISH
.361,572,687
17,105,30
_ do
W
Pnlladclphlaft Keadng
Philadelphia ft Trenton
20,0:33,100
334,639,100
Portland »a
Atch. * Tepeka
.
2(.1,038,000
34,9:33,800
36,4:35,300
211.713.000
6s, rg.-'St
BALTimORB.
201,926.600
202,053,400
200,875.000
199,074,000
236,!32,<K)0
I.N
t
378,019,773
340,314,147
344,105,462
343,070,3*4
289,487,491
400,609,630
377,110,111
401,592,977
373,731,072
Dela lat
.
204,66:3,200
2W,7 18,700
(ll'OTATIO.NS
«
ft
Delaware Division 6a, cp.,*76.
104
6e,ola,reg
08
do
118)4 Lehigh Navlga, m.Jla, reg.,'34
do 88,n.. rg.,prlorto*95
do mort, BR., rg.,'9:
do 6B,n„rg.,!895*over U3H 114
dom. cn.,v. g.. r'g..'iH
Allegheny County 5a, coup..
do mort, gold, 'V7
Allegheny City 7a, retdo cons. m,78, rg,0911
Pittsburg 48, coup., 1913
Morrla, boat loan, reg.. 1885..
5a, reg. ft cp., 19ia.
do
Pennaylvania 4a, coop., :9I0.
8b, gold, reg
do
Schuylk. Nav.Iat ra Jis,rg ,'97.
7fl,w't'rln,rg. ftcr*.
do
do
2d m. 8a, reg., 1307
,10 7b, itr.linp.. re».,"83-86*
do <s, boatAcsr,rg.,l9i3
N. Jersey 68. reg, and coup.
do 7s, boatftcar.rg.,19 :
exempt, rg. ft coup.
do
Susquehanna 8a, conp., ;9.8 .*
Camden County 6a, coup
CamdenClty 6s, coupon
78, reg. ft coup.
do
Maryland 6a, defense, J.& J.
Delaware 6a, coupon
do
6a, exempt, 1S87 ...
Harrlaburg City 6e, coupon . 100
6?, 1890, (luarterly..
do
RAII.KOAI) STOCKS.
do
58. quarterly
29
C'lnden ft Atlantic
Baltimore
6a. 1S8I, quarterly.
pref
do
do
do 68,:8S6, J.ftJ
CatawlBBa
do 68, 1890, quarterly.
pref
do
do 8a, park, 1890, (J.— M.
new pref
SO
do
do 8a, 1893, M. ft S
Delaware ft Bound Brook....
do 6a,exempt,'^,M.ft6,
Kast Pennsylvaula
do
1900,J.ftJ
Elmlra* wlUianiBport
1902,J.*J
do
pref..
do
30>»
do
Norfolk water, 8b
Har. P. Mt. Joy ft Lancaster.
BAILROAD STOCKS. Par,
Huntingdon ft Broad Top...
100
Balt.ftOblo
do pref.
do
Wash. Branch. 100
do
41
Lehigh Valley
40
ParkerBb'gBr..50
do
Little Schuylkill
42)t 44
Northern Central
50
49
Jiluchlll
48
W
Western Maryland
Neaquehonlng Valley
46
Ohio
50
NorrlBtown
«7« '96)4 Central
Pittsburg ft Connell8vllle..S0
Northern Paclftc, pref
1«
RAILROAD
BONDS.
Pennsylvania
North
40
Bait, ft Ohio 68, 1880, J.ftJ.
Pennsylvania
32)i
68. 18S5, A.&O.
do
s
Phllailelplilaft Erie
28,666,100
33,166,000
8.
6.
Cheaap.
Phlliidolphia, 58 reg
26,6:37,000
27,4a,500
232,720,200
236.516,000
.
85,436,900
35,935,900
3',585,100
30,051,900
39,687,500
38,767,600
Jnn. 15.
Jun. 22.
29.
m
PHILADELPHIA.
.36.620.700
39..VI5,900
231,049,400
.
»
19,798,10)
19,761,300
19,687,100
19,781,200
19,806,900
19,838,500
19,885,100
19,910,700
19,906,300
19,912,300
19,944,600
19,959,200
19,982,400
20,021,800
19,998,300
33,030,200
19,827,100
17,001,200
16,801,200
1.
p:ist:
Deposits. Circulation. Agg. Clear.
C
238,404,300
2.
9.
,
Susqneb.mna
same as last week.
are the totals for a series of weeks
report;
110,:800
|
1878.
July
447,000
82,2tO
I
Jan. 26.
Jun
397,000
6,400
1,89.3,900
The following
June
June
4isb'.6o6
:
.
Specie
Legal tenders
May
May
May
May
4,5,000
192.000
1,848,600
894,700
180,C0J
deviations from returns of previous week are as follows
Inc.. $7,851, UO
Inc 83,795,800 Net deposits
The
Loans
No
Wi.mt
2,700
251,400
88,100
65,,525,2X) 23 ,516,003 20,4!0,000 53,606,300 213,316,700 19,823,900
Total
•
7,00.3,600
509,900
414,000
310,000
2,8:10,900
J
12,751,800
6,995,000
J,066.000
3,276,000
Central National. 3,0'/).0CO
Second National* 300,000
75i>,n00
Ninth National..
Fir.*t National...
600,000
Third National.. l.OO'i.OOO
N. Y. Nat. E.«h. 300,000
Bowery National. 250,000
New York County
5K.600
29,600
539,000 2,663.000
462.9U0
71,600
255,000
42,400
4.30,700
40.100
233,700
98,9C0
296,500
318,000
348 000
111,400
734,200
57,100
180,00)
16,900
354,00
133,600
.3,499,500
1,062,300
613,500 2,830,800
44.800
22,800
158.300
3,800
132,300
24,000
118,000
07,4
100,000
4.70O
1,300,000 l,9i3,400
I,i95,0fl0
430,000
490,000
141,600 1,063,200
3«4,90O 2,655,200
6(2,100 1,814,500
158,600
39,300
245,000
10 000
319,800
254,900
25S,;00
776,8'X)
1,2->9,S00
587,603
329,800
665,600
245,400
373,000
932,500
in,900
1,978.700
2,485,700
1.879,000
Com
Continemal
1.801.400
81,100
19i,600
21.900
289,500
67,700
31,200
61,000
l,791,ii00
600,000
l,OiO,000
Nassau
1.000,000
Market
1,000,010
S(. Nicholas
Shoe and Leather 1,000.000
E.tchange . 1,000,000
620,700
».«2»."0«
J.mWO
1,214,700
1,611,400
4,920,600
1,861.700
11,736,000
8.000,001)
.
193.400
616,400
199,900
371,900
98,000
^aji.ooo
100,700
173,000
138,000
1,160
235.600
7,874,400
4,400,300
3,196,100
8,761,600
2,083,000
6,860,400
1,756.600
«,!«',70()
7,193,ii0a
Northern of New Hampahlre 87)4 87M Pbil.ftR.c ftl deh. Ti. epa.off
120
do scrip, lf«2
Norwich* Worceater
88
do mort., 78, 1892-3
egdenab. ft L. Champlain ..,
88
Pblla. Wllm. ft Ball. 6a, '84
pref.
do
101«
Pitta.
CIn. ft St. U>ula7B,!90O »HH 89)4
z
Old Colony
Bbamokin V.ft Pottav, 7a, 1901
Portland Bsco ft Portsmouth
ao
Steubenr. 4k Ind. Ist, <*, 1884.
Pueblo ft Ark'naaa
Stony Creek lat m. It iwn..
9)4 10
liutlatd, preferred
Sanbnrjr ft Erie lat m. 7a, '17..
Vermont ft Massacbusetta..
Colon ft Tltuav. lat m. 7a, 'M.
Worceater ft Naahua
Culled N.J. cona. m. ta.vl.,
81
Warren* F. lat m. 7s, '94
West Cheater cona. 7a, *9l.
BTATK AND OITT BONDS.
8a, deb.,coup.,'83
Weal
Jersey
Penna. 9s, g'd, lnt„reg.orcp.
:oe
let m. 6«, CD., 98. 100
do
do 58, cur.,rcg ..^ ...,.
100
do
lat m. 7s, '99
lom
do 58. new. reg.,l8S2-1902 111
Weatern
6s,cp.:891
Penn.
KB.
reK.,l'TJ-'82.
101
104«
do «8,10.15,
do
88 P. B.,'t6
do 6b, lS-:i."i, reg,, 1882-'92, 111
CANAL BOMDB.
do C», In. Plane, reg.,1875
San F. RK. bds, aer'a A
do B
do
do
do C
do
do
St. L.ft
•48
t
And Interest.
1^
...
.
.
. .. ....
..
..
Railroad Stocks are quoted on a previous page.
active
.
[Vol. XXTII.
NEW
QUOTATIONS OF STOCKS AND BONDS IN
Bonds and
S.
.. .
THE CHRONICLE.
38
U.
—
.
.
YORK.
Prices represent the per cent value, whatever
tJie
par may
he.
state: bonds.
ssoTrsinzs.
MaoHQia
Si, 1S83
do
58,1886
do
do
do
do
do
8s, 1SS6
8b,
8s,
M.
&
Ala.
E.
&
15
Ch. K
7
88 Df 1892
SB of 1893
Jo
A rksnf as 68, funded
do 7^., L. K. & Ft.
do
do
do
do
RR.
20
20
ao
4
4
4
4
4
S. ISB
& L.R.
& B. R
73 .\l9mplils
18,1.. K.P.
B.&N.O
78,
MISS. O.
—
78, Ark. Cent. KR..
Connecticut 68
Georgia 68
7a, new bonds...
do
7s, endorsed. ..
do
do
78, gold bonds..
Illinois 6b, coupon, 1879..
do warloan..
Kentucky
...
107
loaM
107
108
6s
K'BK
108>s
100
100
100
101
6b, new.
68, new fioat'gdebl,
do
da
7s, Penitentiary
do
68, levee
do
38, do
bs, do 1875
do
88, of 1910
do
do
7s, consolidated
78, small
do
Michigan 6b, 1878-79
69,1883
do
do
78, 1390
Missouri Gs, due 1878
do
do
18S2or'83.
do
1386...
do
18S7..
do
da
do
do
1833.
do
do
1889 or 'gj..
Asylum or Un.,due 189^..
Funding, due 18M-5
Han. & St. Jos., due 1886..
do
do 1687..-
Bid.
Ask.
BKCTJBITIK8.
New York state-
51
51
61
51
51
51
51
Louisiana 6b
43
43
43
43
88,1S8S
BBOtTBITIBS.
SKCtJKITIKS.
Ask.
Bid.
Rhode iBland
Canal Loan, 1878
6B,go!a,reg
1887
do coop.. 1687
!8,
as.
iiV
113
15
75
100
do loan. ..1883
Ss
do
do ..1891
do
do . 1892......
88,
68,
do
do ..1893
?^orth Carolina—
101
ibo
101
VfiU 104M
101
104
LandC,
1U4J^
103
104
)03)4 104
do
Virginia
68,
68,
6s,
6b,
Ss,
68,
,
"'i^
K4,
2
Special tax. Class 1
do
Class 2
do
Class 3
Ohio 68.
...1
m
&0
A.
Non-fundable bonds ...
Tannessee 68, old
do
68, new
do
6b, new series..
15*1
t7ewbonds,J.&J
104
18
70
70
50
iO
Funding
104« va^i
&J
& O....
78 of less
ISH
do
A.& O
K.C.KR
J.& J
do
.. ..A.&O
do coup. oB, J. & J...
do do off, A. & O.,
act, 1866
ao
1868
13S9, J.
1889, A.
Land C.
J.& J
6B,old.
'93-4
68, cp.
South Carolina 6s
Jan. & July
April & Oct
Funding act, 1866
68,
"iili
Bid.
ei matured coup
1
...
'28!^
consol., 2d scries
deferred bondB
3
104
Itallroad. Stocks.
&
Susquehanna...
Burl. C. Rap. & Northern.
Central Pacific
Chicago * Alton
pref
do
S8
83
30
'82
102
2«
Cleve. Col. CIn. & I
Cleye. & Pittsburg, guar..
Col. Chic. & I. Cent
Dubuque <& Sioux City.
ma
26«
&
iS8
100
Chicago
Long Island
MlBsourl Kansas
140)s
& Texas.
New York Elevated Rlt.
N. Y. New Haven & Uart.
Ohio & Mi«'^lB8ippI, pref
Pitts. Ft. W. & Ch.,gaar..
do
do
90
158?^
do
& Saratoga
Og.
Louis Alton & T. H ...
pref.
do
do
.
Bellevllle& So. Ill.,pref
I. Mt & Southern...
8t.L. K. C. & North'n.prel
UnltedN.
4«
m
1
Columbia 3-65s, 19M.
do
small
do
registered
Ind'nolls.
J.R.& C.
Tel
Am. iHstrict Telegraph..
Canton Co., Baltimore
American Coal
ConBolIdat'u Coal of Md.
Cumberland Coal & Iron.
Maryland Coal
Pennsylvania Coal
Spring Mountain Coal...
Pat^.
1B«
Exchanae
& Erie,
10
152
22
73
27H
106^
99«
loeij
112
113
111%( n2>t
93
95
J .,
iBt m., '90
iBt consol..
7hi
74
70X
64!i
66
Istm.j C.&M.
consol.Blnk.fd
Mm
1U4X
9«X
122M
102^jl02i,
...
9I«, 91)i
-.
103)1.!...
(....
l;05
do
Ms
Watert'n & Og., con. Ist
St. L. & Iron Mountain, ist m.
lOoJ^
100
110)4
lOB
107
112)i
do
Alton
do
do
Belleville
Tol. Peoria
do
& T.
&
llOJi
.
112
35
10
42
i
15
35
103)6! 110
2d m..
H.,lst
mort
.
2d mort., pref..
2d mort. inc'me
S. lll.U. 1st
104
63
110
15
do
W. D.
do Bur. Dlv.
do 2d mort..
do consol. 7f
do
Istmort..
lid
ToL & Wabash, 1st m. extend.
do
cp.gld.bds.
1015s
do ex coupon . .
do
reg. do
tioi
do iBtm.St.L. dlv
Iowa Midland, Ist m. 88.
do ex -matured coup....
Galena & Chicago Ext
do 2rt morr,
...
Peninsula ist m., cony.
do Ex & Nov., '17, cour.
Chic. & Mllw., 1st morl. 107«
.'..
eauin'l bonds
Winona & St. P., Ist m.
MO
con.
convert...
do
2d mort.
89
do_ Ex. Ang.,'78,& prey's
C.C.C.&Ind'8l8tm.78,SP. 108)4 10»K
Great Western, Ist m., 1888..
do
consol. m.bde
84iH
do
ex coupon
Del. Lack. & West., 2d m, VMM
do
2d mort.. '93
do
7s, conv.
101
do Ex & Nov..'77,coup
do mcrt.. 78, 1907
Qulncy & Toledo, Ist m.. 'SO..
Syr. BIngh.& N.Y. ;(t,?8 102)4
do ex mat. A: Nov.,'I7,cou.
Morris & E88ex,i8t. m.. 118
Illinois & So. Iowa, Ist mort
do
2d mort..
107
do
ex coupon
do
bonds, 1903.
Han. & Cent. Missouri, Ist m
do
construct'n
90
Pekin LInc'ln & Dec't'r,lsl m
do
7s, of 1871
101
Western Union Tel., 1900,cp...
do 1st con. guar. 92)^ 94
do
do
reg
Del.&Hnd.Canal, lat m.,'8<
98)4 100
miscellaneoas I.lBt.
do
do 189:
«9J8 100
{Brokers' (Quotations,')
do
iBt extended
100
102
do
coup. 7>, !E94 101)«
OITIES.
reg. 7s,189J 101)4
,,^ do
Albany, N. Y., 68, long
Albany A Subq. iBt bds.
108
Buffalo Water, long
do
<d do
I03?i Chicago 64, long dates
do
Sd do
{90
do
7s, sewerage
"1" Ist cons. jru«
100
X....
do
78, water
Kens. It Saratoga. Istcp ni5
do
7b, river Improvem't
'lo
.
t»6
{80
102
!CS>,
87)^
76
.
.
m
40
102
t,er.
no
Iowa Istm.
St.
Paul
78,
8s
gold
l
rj
•
{67
10
ibV
100
S.
Carolina con. 68 fgoodj.
Rejected (bt-fct sort)...
6s, 1892
M.&S.
78, gold, 1891-1910.. J.&J.
78, gold. 19114
J.&J.
10s, pension, 1894.. J.&J,
OITIES.
112)s
Atlanta, Ga., 7s
89
73
92
77
95
89
77
76J^
loa
...
34
88
tlOO)^;101)t
I
Waterworks
Augusta, Ga., 78. bonds.
Charleston stock 68
Charleston. S. C, 78, F. L.
Columbus, Ga., 78, bonde.
Lynchburg
68
S
I
^r
do
do
1st 78, 10 years,
7s, 20 years..
2d
Connecticut Valley 78
Connecticut Western let 7s...
Dan. Urb. Bl. & P. Ist m. 7s, g.
98
90
42
19
27
41
Wliarf Imrrovem'ta,
Norfolk 68
Petersburg 68
Richmond
Denver Pac, Ist m.7B, ld.gr..g.
Denver & Rio Grande 78, gold,
83)i
Des Moines & Ft. Dodge Ist 7s.
Detroit & Bay City Ss, end
't70
&.
Pittsburgh
do
do
EvansvIUe
let 78
con. m., 78..
equip...
Crawfordsv., 7a..
&
Evansvllle Hen. & Nashv. 7s..
Evansvllle, T. H. & Chic. 7s. g.
Flint a Fere M. 8E,Land grant.
Fort W., Jackson & Sag. 8s, 89
Grand V..& Ind. Ist 78, l.g., gu.
do
do
I8t1s,l.
let
g.,notgj.
ex 1. g. 7s,
Grand River Valley ?s, 1st in*.
Houston & Gt. North, let 78, g.
HouB.
Saveunah
8b,
85
78
&
Texas C. 1st 78, gold.
do
West, dlv
do
Waco.,
do
consol. bds..
Indianapolis & St. Louis 1st 7b
Indlanap. & Vincen. Ist 7s, gr.
International iTexas) Ist g ..
& G.N. conv. 8s.... ..
Iowa Falls & Sioux C. Ist 7s.
H.
-lackBon Laus. &Sag. S8,lstm
lial. Allegan. & G. R. 88, gr..
& South H. Sb, gr.
Kansas City & Cameron iOs..
105
ibl
40
•50
•83
"b'l
85
84
78
"ii
eo
10
+89
tl02
98
Kalamazoo
t72
tl02
Kansas Pac. 1s,g.,ext. M&N.'99
86
do ;s, g., I'd gr.,J&J,'S0
95
do 78, g., do M&S,'86 26
do 6s,gold, J.&D., 1896
94
102!l<
32
;o
10
70
72
99
old
eo
70
gold
{
cour
5
on.
RAILROADS.
&
Chatt.lst m. 88,ena,
Receiver's Celt's (var's)
Atlantic & Gulf, consol
Conaol., end. by Savan'h
Ala.
.
i
80
87
93
8:h 83
45
tOs
60
92
68
78,
Wllm'ton,N.C.,68,g.
99
80
50
100
82
93
87
88
77
60
'65
19
91
105
100)«
Carolina Cent. 1st m. 68,g.
Cent. Georgia consol.m. 7&
Stock
Charlotte Col. & A. 1st 78.
& Darlington 8s..
East Tenn. & Georgia 68.,
E. Tenn.&Va. 6e.end.Tenn
E. Tenn. Va. & Ga. 1st. 7s.
Cheraw
Stock
Georgia RR. 7s
6s
ttock
& Col. 7b, 1st m.
Greenville
.8. guar.
Macon & Augusta bcids.
2d endorsed
Stock
Memphis
ffi
Cha'ston
Ist 't
2d 78
ibs
stock
67
Memph. &
100
.VIlBslbSlppI
38
93
103)s
37^;
13
12
'2d
Little
mort.
Cent.
Louisv.
Ibt
mort.
.
.
Kock 1st
1st m. 7s
Ss
2d inert., ex coupons
MI»9. & Tenn. 1st m. 88, A.
Ist mort.. 88, B
Mobile & Ohio sterling 83
Sterling ex cert. 68
88, Interest
2d mort. 88
&,
,
m
66
{74
*76
.
.
.
108
1108
I
Cha'ston & Sav. 6b, end.
25
33
West Ala. 2d m. Bs, guar.
105
Ist mort. 8b
75
70
& Newark 78. 88 t2 PAST DUE COUPONS
South Side, L. I., 1st m. bond,-".
88
90
TenneBsee State coupons..
tlO,1)» 104 )<
do
Bink. fund..
36
40
South Carolina conso'. ..
tlO«
107)< South. Cent, of N. Y. 7b, guar.
35
60
Virginia coupons
tlOS)^ 104)?! Southern Minn. Ist mort. 8b..
87
92
Consol. rouD
iBtrei
115«lll7)i Cleveland 78, long
t;o5
ti7
do
7r. Int
98
^^emp'lI8Clty coupons
* ITlce nominal
t And accrued Interest.
{No price to-day these a.e latest quoiatlona made this week.
102
tl09
t 98
St.L.&So'east. con8.78,gold,'94
St. Louis Vandalla & T. H. let.
106)i
do
SanduBky Mans.
2d,
.
guar
.
;
101
90
60
N.O. «Jack8. iBtm. 88.,
Certificate, 2d mort, 88,
101
Nashville Chat. & St. L. 7s
Nashv. cons. m. 7s. 1045< 105
do
2dm., 78. g..
»'H Nashville & Decatur Ist 7s
Michigan Air Line Ss, 1890
105), ;iorf oik & Peter8b.l8tm.8t
tl05
Ut mort. 7s
Montclair <fcG. L.Ist 7f,'{nowJ.
45
to
2d mort. 88
do 2d m. 'is (oil m., lata)...
4
7
Mo. K.& Tex. Ist 7s, g., 1904-'0()
Northeast S.C, Ist m. 8s.
42
48
do
2d mort. 8b
2d m. Income
7
Orange &Alex'drIa, ]f?ts,6»
N. J. Midland Ist 78, gold.
22
24
.^. Y. Elevated UR., 1st
;tI9,68
88
89
3ds,88
N. Y. & Osw. Mid. 1st
4
6
lths,Ss
do recelv'8 ctfs.ciabor)
34
27
Kleimi'd & PeterBb.lBt7B..
do
do
20
25
(otherl
Omaha & Southwestern RR. 8f in« 11 .')v Rich. Fred. & Potomac 6s.
Oswego & Rome 7b, guar
mort. 78
8B
98
21 40 RIch.& Danv. l8tconBOl.6t
Peoria PekIn & J. 1st mort
Pullman Palace Car Co. stock,
Southwe8t.,Ga ,conv.7B,'86
76
78
i^outhwestern, Ga., stock.
do
bda., Ss, 4th serlee
94
92
St. L. & I. Mt. Ark. Br.) 7s, g.
S. Carolina Rli. Istm. 78..
«9)i 71
St. L. & San F., 2d m., cla.ss A.
7s, 1902
42
47)4
•26
do
7b, non mort
do
24
class B,
Savannah & Char.lst m. lb
do
do
class C.
22
23
Long Island RR.,
83)i
7-31
new
7s,
do 6s, do F.&A., 1895.
do 78, Leaven, br., '96..
do Incomes, No. 11
do
do
No. 16
do
Stock
ICeokuk & Des Moines Ist 78.
do
funded Int. 8i
m. Ss
K.U
& Warsaw, 1st
do
do
do
do
.
.
Int.
106
41)^
13
&
Pacific, So. Br., 6s. g..
West Wisconsin 76,g.,ne\s
bonds, 78
HOOHIOIH Macon
Memphis boude C
Honds A and B
111
tlio
Endorsed, M. & C. RK.
Qulncy & Warsaw Ss
iiok
(coups, on)
UjE tuo
Illinois Grand Trunk
no 110>« MoblleSs
88 (coupoi 8 on),
Chicago & Iowa R. Ss.. ,}Qt
62
6b, funded
21
Chic. & Can. South ist m. g. 78
16
Montgomery,
new .is
Chic. & East. 111. l9t mort:, 6s
61
69
New 38
do
.2d m. Inc. 7a.
16
20
Nashville
68, old
Chic & Mien. L. Sh. 1st 8s, '89. 170
68, new
Chic. & S'thwestern7s, guar..
90
New Orleans prem. 58....
CIn. Lafayette & Chic, 1st m
65
Consolidated 6s
Col. & Hock V. Ist 7s, 38 years, 102
Rjillroad, 6b
85
118
112
2d morl
var.
Ss.
.
101^)105)^
Iil6)i 10b)(.
&
Union
Un.
Texas
N. Y. Air Line. Ist
RIv., land m. 7b
convert,
J 108)^1 108)1
.
puts., consol., a.f
4th mort
(io
Col. Chic. & Ind. C, 1st mort
Cleve.
St. L.
UXfk lOOX,
UlM
.lj5Ti 106
97
102
104
& Det lst7s,g.
Logansnort 78.
Tol. can.s.
19i;S
Carthage & Bur. 8s
Dixon Peoria & Han. 88.
O. O. * Fox R. Valley Ea,
Erie
South Pac. of Mo., Istm
UU—
IV4 Pennsylvania
Pitts. Ft. W. & Chic., Istm.
do
do
2d m.
do
3d m.
do
70
101
t
9»>|
59
Rome
l8tm.,H.&D,
N. WcBt. Bink. f d
do
Int. bondB.
do
consol. bds
do
eit'n bds..
I20)e
income, 7s.
IstCaron'tB
do
lBtm.,l.&M...
Istm., I. &D,
118!^
90
65
122
i05
105
\^
.
R. of Mo., 1st mort..
2d mort
do
do
do
'
87'
lOo
101
104
118
.
.
90W
)
4
104^ 100
76)1^
bonds
do San Joaquin branch
do Cal. & Oregon Ibl
do State Aid bonds. ..
do Land Grant bonds.
Western Pacific bonds.
Southern Pac. of Cai., Ut m
Union Pacific, 1st mort. b'df
Land grants, 78.
do
Sinking fund...
do
115
112
112
..
consolidated
2d do
Ist Spring, dly.
ifaclflc
reglBt'd
do
do
Bsented.
Ch.Mtl.&St.P.18tm.88,P.D
do
2dm. 7 311), do
do
iBt "8, |g,,H.D
do
Ist m.. La CD,
Chlc.
;7J
Pacific RailroadsCentral Pacific gold
iVsw
do
do
do
do
tBBented.
do
do conv
do
do
aSBcn'ed.
Lehigh & W.B.con.guar
do
do aseeiited.
Am. Dock & Imp. bonds
do
do
do
do
do
do
do
do
do
coupon
.
1st guar..
101
101
110
111
76
&
Mo.
«fe
Keokuk &
100
Harlem, iBt mort. 7b, coup.
do
7s, reg
do
North MlBsourl, ist mort
Ohio & Miss., consol. sink, f d
20>«
St.L.Jack.ft Chic.lstm,
thlc. Bur.& Q. 8 p.c.,lBtm
do
consol. m. 7s
do
68 sink, fun i
Ch.Bk.I.&P..B.f.lEC.63,'»5.
ft
&
.
m..
.
68, 1917,
6s, 1917,
Istm.
Boston
Bur.
Central of
luo
68, 1883
68, 1887
6s, real estate..
68, subscription.
Hudson, 1st m., coup
do
iBt m., reg.
R. 78, 2d ni., B.f., 1881
76
78
107
tl04
Ist 78, gold...
California Pac. RR., 's, gold .
do
68, 2am. g.
Canada Southern, Ist m. g uar.
Central Pacific, 78, conv
110
111
Ist
New Jersey Southern
various
Cairo* Fulton,
.1L2
m. 88. .882, 8. f.
equipment bonds.
do
do
68,
tllO
172
174
83H 84
Indianapolis 7-30S
tl05
107)f Soutli'u Securities.
Long Island City
m% {Brokers'' Quotations'.}
t....
Newark City 78 long
110
tl(!6
STATES.
do
Water 7s, long,... 1112 115
Alabama new consols. A..
Oswego 78
101
t99
B,58
Ponghkeepsle Water
tllO
LVLii
C
Hochcster C. Water bds., 1903. tlU}^
Georgia 69. iS78-'89
do
110
Cons. coup.. iBt,
ConB. reg., let..
Cons, coup., 2d..
Cons, reg., 2d
Hudson
Canada South.,
SS
guar. ..
Bur. C. R * North., 1 8t 59
MIun.& St L.,Ist 78 gua.
Cbesa. & Ohio 6s, Ist m..
<i«
ex cour
Caicago & Alton latmort.
do
Income.
Jollet & ChIcaEo,lBt m.
La. <bMo.. let m., guar..
Central of
do
do
do
do
do
do
do
do
do
Pt'ices.i
l&t
new bds
& Erie, new bonds..
& State Line 7b
N. Y. Central
Railroad Bonds.
{Stock
...
& Ash., old bds ioiK
Marietta & CIn. Istmort
Mich. Cent., consol. 76, 1902...
26JC
Mariposa L.&M. Co
do
do
pref.
Ontario Sliver Mining....
Boston H.
do
Tol. sinking fund.
do
188.'i-93
RAILROADS.
109^ 110)i
Atchison & P. Peuk, 68, gold..
I07>j
8.F., 7 p.c
new bonds
do
Hartford
83K el«
,
Kalamazoo & W. Pigeon. 1st
Det. Mon. & Tol.,lst 7s, 1906 .109
»110
Lake Shore Dlv. bonds
&
nilscel'oas Stocks.
&
&
Cleve.
Detroit Water Works 78
Elizabeth City, I8SO-1S03
Toledo 88. 1889-'94
Toledo 1«8
Yonkers Water, due
&
Lake ShoreMich S. & N. Ind.,
Buffalo
Buffalo
St. L.
94« 98
conv. mort.
do
2d dlv. }104
81)4
Minn., Ist mort..
21
Indlanap. Bl. & W., IBt mort..
do
2d mort.
do
do
Cedar F.
do
Rome Watertown &
Atlantic
Central—
Cleve. P'vllle
St.
Terra Haute
E, lBt.m., 1915...
St. Jo., 8s,
special.
Renvselaer
N.Y. &
&
Dubuque & Sioux CIty.lstm 101
Eriepref
Harlem
Buff.
Illinois
Han.
64
.
Jollet
116
extended
10 1«
do 2d do 78, 1879
do Sd do
78, 1683
107M V>S]4
ll!4i^
do 4th do 7s, 18S0
do 5th do 79,1888
;107M ima
do 7s, cons., mort., g'd bds.
ibV)^ iiok
do Long Dock bonds
Erie, Ist morl,,
(Aciiveprem'iii^ly QuoVd.)
2
35
34
20
20
70
1566
1867
do
couBol. bonds;
D. of
1881
H
80
30
30
40
40
30
old
68,
new bonds,
RAIIiROAS AND MISCEHANEOUS STOCKS AND BONDS.
Albany
Asfc.
Ohio 68,1886
'
July
—
1
,,
,
THE CHIIONICLR
13, 1878.J
NEW YORK LOCAL
Bank
39
SECURITIES.
Stock List.
Inanrance Stock Llat.
[Qnotatlons hy K. 8. Bailbt. brokar. 7 Pine street.
COHPAiCIBt
Net
CxriTAL.
COHTARiat.
M«rli'<llhQ.(")
ara not Mai'l.
Par.
Adriatic
AniorU-ft*
Am.
26
loo
MID»
Kx(.h;ili>;i:.
American
so
American Kxch loo
Amliy..
loo
Arctic,
20
Bowery
Hrewcrs'AUr.'
Broad way
Bull'dlead'...
BDtchera'.A Dr
Central
Atlantic
llrewers'
Chaie
Cbailian
Cbemica'
Ilrooklyn.
17
Clilzena'
Citizens*.
20
70
German Am.*.
Uerman Kxch.'
Oennania*
Greenwich*....
Grand Central
Orocera*
BanoTer
Tuip.ATradera'
Irvi.
I,*
U.irnl ciiy...
LtjaUicrMaoQf.
-Vlauhflttan*..
.Vlanuf. AMer.'
.
Marine
Markfl
McLli'li-.^A Tr.
M
rcautile
Merchants'. ..
Merchants' Ex.
Mctropolla".
Metropolitan ..
.
-17.87
2.(Xl« 10
lIH.Xdi! 20
txir.!,.!;!!!
U-8<
..
.
Y.Connty..
Jj.
N.Y. N. E«h.
Ninth
N'o. America'..
North Ulvor*.
Paclflc;;
Peoples'*
PbeulT
Prod nee*.
Repnbllc ...".'
St. Nicholas...
Beveath Aai-d
Second....
Shoe A Leather
Sltth ... ,
gUie of X. V
Third
Tradesmen's
Union
....
West Side*...
i The flgares In this column are of
date June Zid for the Slate banks.
Gaaand
due May
fur ihc National banks, and of
lat
and Honda.
City Ballroad Stocks
[Gaa (Jaotatlons by Ueorfie H. Pret.tl89, Broker, 30 Bread Btrect.l
Gas Comfaniis.
Brooklyn lias Light Co
ClUzens'UasCo (Bklyn)
do
Harlem
„
25 2.000.000
SO 1,200,000
«ertitlcateB
'.
do
bocdi
Mitual.S. y
do
bonds
'Hassan, Brooklyn
do
aorlp
„
Hew York
do
do
Central of
do
700,000 M.ftN.
4,000.000 M.4\.
1,000,000 J. 4 .J.
!)29,000
scrip
Var.
900,000 J.
& J.
Var. 1,000,00(1 1.4 J.
100 1,000,000 M. 4N.
100 1,500,0(X)
Metropolitan, Brooklyn
Mnnlripal
[Qnotatlons by H. L. Grant. Broker.
BUtcter m.<t J^ultonjitrriz—m.
lat mitrtgAge
Broadway A Stoenth
100
Ist mortffaKe
Brootlit n CiJy—stock
100
1,000
1st niortfraffe
Brofuttouy lBro9lctt/n)~stock,..
Brooklyn *t flunter'tt Pf— stock.
1* 2,000,000 Q-F.
1,000
300,000 M.4N.
100
800,000 Q-I.
100
400,000 A. 4 0.
1,000
800,000 J. 4 J.
100
500,000
100 1,800,000 J. *J.
Ist mortKage bonds
Buahwtck At. (/CHuji)— stock.
',«n(ral /! ., .v.,t fc' Jttrer—ttt.
Consolidated mortgaxe bon' s 1,000 1,200,000
Dry Dock,
E. B. itUalUry—BtIc
cons'd
Eighth tlesniM— stock
IstmortRajte
1st mortgaffc,
mat. <t arand St terry-tiotk
Ist mortf^iige
,
Central Vroiu 'Jown- stock.
...
mortgage
ffouMon, Witt »t.(tPav.F'i/—ttt
Istmurtgage
Sacoiuf .,li)snu/!—atock
Ist
JJd
mortjtaee
1«t •r«-li»i«<F«.
1,000
100
1,000
1,0(»1
10(1
-
5
5
31,
74«.0(X)
Ik
'Jan ,
./une,
l.'iS
80
100
82
165
200.(XI0
204.(K)0
150.(KKt
ISO.dfJfl
2(lO,(H)0
•iUC.IKXI
6(K.1.000
200,000
3.000,000
1^0,000
500.000
200,000
200.000
,V)
T.,
185
;80
130
ia5
100 xl()2
100
1*1
July, 78 72
7fl
Keb , 78 95 102
K 72
May,
May,
781
mi
80
Jap.
Feb.,
uy.
85
82
Jo,y,
Nov.,
llOO
67
I
!
8
I
J'ly.iono 90
July, '78,....
12
96
70
Jnne.'g4' 9S
101
May,
'78il3a
150
110
150
0<t., '76 76
100
1888
102
'7.Sjl40
Not., 'SollOl
Juy,
75
fS
Jan.. '73
xBO
85
«0
1902
85
:oo
'78
Jui.e, '93,101
88
M ay,
M.4N.
A. 40.
Apr., "93
.m!4N.
NOV.1904
500
500.0<M)' J. ft J.
100 11,199,500 Q.-K.
08
Broadway.
May,
102
iVd
125
115
'78
50
96
24
86
2i)0.0t)<>'
i
W
8«
30
fiO^l.fMMI
200.
July, '94
I
Oct.,
May.
J.&J.
Q-F.
July,
I.ftJ.
July,
Feb.,
100
2.0<Xi,0(M)
,(¥M),0<S>
100
1,000
May,
750.000 M.ftN.
415,(H10
1,000
Apr.,
•.
BOO.OOO
a.'io.ooo
I
ft
J.
''.s
Apr.,'.T5
I
I
1,000
Over
May,
Mrt.
95
100
'88
-sa
'77
'90 103
'78 08
'90 100
'78 90
'93 100
85
85
*Thla column shows last dividend on swots, but the date of maturity of
-28.2:15 lb"
(WO.OOl 10
8."i3.0S» 10
1 10,152 18
301,674 53
No
lis
112
102
100
103
bona:
17« Feb.,
Feb.,
July;
15
15
12
10
12
OS
S
8
100
lis
128
103
5
5
5
AUR.' 78. 5
July, '78. 5
July, '78. 7
July, •78. 5
20
10
10
10
10
12
12
10
10
10
10
12
12
IS
10
20
20
20
20
10
10
151,093 20
128,919 10
57,93? 10
tI34,946 16
80,494 10
192,806 10
208,004 14
208,204 SO
177,028 10
49,942 10
191,016 20
114.816 20
211,737 20
103.519 12
20
20
li»5,0(Xt
4U,t!40
20
178.79f 20
-26,0J J
-8,3:4 10
S2S,99«<
448,830 10
1'<M.141 12
30
424,88:i
102,561
•it)
206,026
108,888
789,612
S,2S0
65,765
t8,»24
60,747
203,786
116,913
20
20
15
5
10
10
11
20
12>4
14,4« 10
160 044 11-6
128,752
If
52,184
146,366 20
188.584 •20
22,S,a4;5 16
221,0031 10
408,142120
"r
;ny.
10
20
so
110
45
50
so
at
115
SO
60
3^
10
6
90
Jan.,
5
109
July, '78
3
5
luly, '78
1(1
'78.
Ji;ly, '78.
•Jul., '78. B
luly. '78. 5
103
80
143
105
10
10
10
10
Ju
20
20
10
July, '78, 8
July, '78. 5
11
10
12
14
•20
,H0
30
20
•Inly, '78.10
'7«.10
160
10
10
20
July, '78. 5
July, '78. 8
July, '78. 5
July, '78.10
•Jan^
'78. 5
to
20
20
25
Ju
14
10
12
30
20
20
20
20
20
18
20
•20
1?« lg«
10
10
12
18
25
Jan.,
July,
Feb.,
July,
July,
15« 16
10
10
11-55
1285
15
10
20
25
16
10
17>a
Improvement stuck
do
(.0
186$
....18<>9.
Consolidated bonds
Street Imp stock
.
do
do
var.
var.
var.
New Consolidated
Westrheater County
3
«
5
6
6
7
«
5
10
20
Jan., •78.10
10
!6
20
16
40
120
120
240
115
50
130
70
70
90
lOO
do
do
95
120
120
5
6
.Ir..
«-oker.
200
The surplna
Friok.
iV(
101
108
1878-1880 100
1878-1879 CO
I
IRDO
1015<
iOSH
106
lOS
117
108
103
:o7
117
106
1883-l.^i90 103
1884-!0r 104
18*»-li)00 lOH
1907-191
1878-1898
1877-1886
May 4 November.
1901
7
1896
6
Feb. , May. Ang.ft Nov.
1878
6
May 4 Novc^n'^er. 1894-189'
7
6
do
do
1889
1879-1800
7
do
do
do
1901
do
;!«•
1888
do
do
'In
18^-1882
7
do
January ft July,
1886
?«•
do
do
1894
{Ouolalions by V. r.
Local Impr'em^i—
City bonds
140
114
130
100
199
5
t
80
180
due.
do
do
do
do
do
do
May 4 November.
Feb., May Aug.4 Nor.
do
('o
do
no
Hkkrs.
78
Wall fttre-H.I
May A-jg.4 Nov.
Feb.,
les
ISO
lid
110
210
106
180
110
.Bonds
lWl-43.
90
110
5
5
7
•78.
Feb , '78.
Jan , •TV.
July, '78.
•July, '78.
Jai:., •78.
Months Payable.
1851-.67.
do
Croton waterstock.. 1845-51.
..135;t-CU.
de
do
Croton Aqned'ctstock.lSM.
pipes and mains...
do
repervoir bonds
1o
Central Paik bonds.. l!i5S-97.
do
us
..18Sa-«>.
Dock bonds
1870.
do
fT5.
18«0.
Floating debt stock
18«-(8.
Market stock
Co
140
108
192
170
130
to
INTZRXST.
r/,w fork:
Water stock
i75
80
150
iia
95
Inly. '78. S
•78.10
150
'78 8
'78 4
'78.6-23
20
City Secnritlea.
IQuotatlonsby DaniklA. MoRAN. Broker,
110
90
134
Jnly, '77. 5
July, '78. 5
A pr., '78. 5
Jnly, '78.10
July, '78. 6
July, '78.10
July, '7^. 6
Ju y, '78 6
.Un., '77. -i'A
July, '78. S
July, '77. 5
11
20
,
5
'78.
JiTly. '78.10
Feb.. '78. 7
17
10
10
12
y. '78. 6
.Jan
Wl
20
5
y, '78.
July.
18
18
i.TO
lOO
,
80
150
80
126
100
1«0
20
20
'to
July, '78. 7>i 130
ISO
July, '78. 5
Mar., •;8 5
July. '78.10
Jau '7a. 6
Juiv, '73. 8
July, '78. 5
20
12U
160
128
270
5
'77.
'7«.
no
40
100
luiy, '78. 7>t
.Ian..
10
iiM
i«»
H
•Inly, '78
luly, '77.
July, '78.
Yd'
10
30
SO
40
180
ISO
lao
•78.6 76 196
190
'78.10
—
represented
190
175
170
120
120
'78. 5
'77. 8
•78. 5
•78. '.a
llaollllles, lncl',ullng re-Insurance, capital and tcrlp.
shows dL'flcIen,.lej.
by scrip Is deductei.
all
loo
S
'78.
Jsr>,, '77.
July, '7y.
11-45 12-60 Ju'y,
Apl.,
20
14
14
.'an.,
10
Jan.,
3
15
IS
10
12
70
July, '78. 6
July, '?'-
ilO
20
100
140
lOS
65
Jan,. '78.10
.Inly, •78.10
18
5
S
25
OHM
58
77. 6
TS. S
•78. 7
'78. 8
Tr. 4
•77. 8
"Is. 5
June. '78.10
Feb., '77. 8
Feb., •78.10
flg's.
25,019 10
128,148 20
56:i,.S«8 10
08,478 10
1,018,703 10
20,481 10
ISI.OOfl 12
104,150 12
30.470 13
+I"i..sl8 10
7B
OT
,uiy,
J.
4
.
10
10
25
Bid. Aak,
4.1)78
1,000,I¥)0
500,0(*l
.
*
—
2(IO.O(HI
200.(K)(I
60
100
30
Jefferson
2(K».(»io
Kings Co.(Bkn) 20
l.w.ooo
40
Kiilckerborkf280,000
50
LalayetteCBkn)
150.000
100
Lamar.,
200,000
Lenox
25
150,000
Lonklsl.(Bkn.i 50
200,000
25
8fK),(i00
Lorlllard
.Manur.A Build. 100
200,000
Manhattan
250,000
100
Mech.&Trad'rs' 25
200,000
Mecli'iC8'(Bku) 50
150,000
.Mercantile..
200,000
60
Merchants'
200.1X10
50
Moutauk (Bkn) 50
•ioo.noo
Nassau (Bklyn) 50
200.000
20(I.CK)0
National
37'^
21o,ii(K)
N.Y. Equitable »o
2IHI.II(»
New York Fire 100
2(i".IX)0
N. y. & Boeton 100
2()0,0i!0
New York Clly 100
Niagara
60
500,000
North iilver
850.000
25
PacIOc
200,000
25
Park
200,000
1«0
Peter Cooper...
180.000
People's
160.000
50
Pheiilx (liklynl 50
1.000,000
200,000
Produce Exch 100
200,000
Keller
50
300,000
Republic
100
200,000
Uldgewood
100
200,000
tiutgcrg'
25
100
200,000
Salexuard
St. Nicholas...
200,000
25
Standard
200,000
60
Star
200,000
100
Sterling
lloO
200,000
Stuyvesant
800,000
25
Tradesmen's.... 25
150,000|
ITnited.Stiitcs.. 25
260,000
300,lifl0
Westchester..
10
Wllllamsb'K C
250,000
50
Feb.,
Feb.,
July
i«
•.43
ITS
US
73
15.5
Jan., '-8
Jaf., '84
208.000 J.
100
100
mortiraKe
Third JfTcitfe— stock
1st
Ist raorticage
J.4D
100 1,200.000 Q-F.
SOOftc
900.000 J.4D
100 1,000,000 J. ft .1.
1,000
150,000 A. 40.
1.000 11,060,000 M.ftN.
SOOftc.
200,0<K> A. 4 I).
Coss. Convertlnlc
Szteoslon
dixlh ArentU' stock...
lir^nty-tMrastreel—ittocit
145
000,0001
«B4,000' J. 4 J.
2,100,000 Q-J.
1JSOO,000 J.4D.
1,000
Ar.e—%x.^..
,
F.*A.
60
466,000 F.ft A.
SO 1,000,000 Qnar.
Wmiamsbnrg
'
Var
1,000,000
.
100
certificates.
5
.1.4.1
Qtmr.
l.UOO.WW F.& A.
10
1,000
New York
Apr
.Inly,
Feb.,
2S
bonds
5
3
50 1,850 000 ir.&A.
20
38<.000 l.&.I.
BO 4,000.000 J.&.I.
100 2,500,000 11.4 S
V r. l,ooo,r»Mi \t. * S
Va
..'
do
do
Var.
Var.
Bid,
»
3)4 Apr.,
320,000
1,00(1
]0(1
1,0(«I
People's (Brooklyn)
U
A.*o
l.COO
Jersey City ft Hoboken
.Manhattan
Metropolitan
do
certmcates
D.itc.
Amount. Period.
Par.
U«.57a 14
Il).7'.i4 10
111,728 IS
154.588 I2«
97,088 19
-i:t,.|0(t 10
80,783 12
2(K».(M)(i
200,000
200,000
200,000
200,000
150,000
:o
41K1.7.'1I .'Kl
300.II(HI
.
Oriental*....
Park
l.OOO.OiKf
'
Muriay Hill*..
Kawau*
NewYor*.
20
20
20
20
rii.iOK
2(K1.(IOO
20().IMHI
50
...
25
importers'*
Irving
tl«0.K70 20
SIHI,
Fire loo
Hope
Howard
•Mechanics'. ...
Mech. .Vasoc'n.
30
204,88r(
16.'1.000
80(),(H10
SO
Continental.... 100
40
KsKle
100
Kmplrc City
100
Kmporlum
30
Kxc'iange
50
FarraKUt
17
Firemen's
Firemen's Fund 10
Firemen's Tr .. 10
100
Franklin
100
OebWd.
100
Germau-Amer,
nau-i
50
Germania
50
Globe
25
Greenwich
100
Guaranty
Guardian
100
llamtUou
15
Hanover
BO
Hon^an
50
100
Home
OallatlQ...
10
20
5
20
20
20
i:))i.llli
mil
Fourth
PDltan
S
Bg'ii. 10
I(»l,7l72 10
3U2.121 30
5
2(Ht,0(Kl No flg'!.
:'oo,M2 20
2(KI.0(H1
I
Columbia
Flrat
No
:l(MI.(H10
2.')0,
Commercial
WariJ'....
8
2KI.IHN)
KanlKlvir.,..
Flflh
Finii Avenue*.
-W.H13
July,
Jnn..
July.
July,
Jan.,
Jan.,
Jan..
10
IS
IS
10
4
100
Ooiiiinenial
Torn Kxth'ge".
commerce
10
14
IS
10
'<:(KI.(KJ(I
ft
City
Clinton
.
.,..
...
18,356
200.000
22,814
400.000 ta 1 1,702
T2,I77
200.(100
Pa loa.
Last Paid
I87B. 1876. 1877.
2'l<i.(KX)
*.fO(l.(HM>
M.. loo
Mroalway
25
City
t'ornmorce
1878.*
2(MI,(KtO
so
25
Howery
Amount
|
OlTIDIKDt.
Pnrpluf
Jsn. 1.
Ib7
101
100
116
106
100
117
101
1!«
105
Ids
108
ICS
:u
lOU
I02H 106
108
105
If 8
too
107
106
^Vall ar.l
flrooA:l;/7t-
do
..
Park bonds
Water loan bonds
Bridj^ebonds
>valer loan
City oonds
Kings Co. bonds
/.inuun-
ft
July,
do
do
do
do
do
do
do
do
do
do
do
do
May ft Novembsr.
do
ao
January a July.
do
do
,
,
do
do
Park bonds
Brldg-
104
1S78-IS80 101
1881-1805 106
I
'
:015-10'24 !16)< 111
1903
ll6y
1915
11^
1808-1906; 106
1881-18861104
1880-1883 103
1880-1888 103
1084
106H
1907-1910 107
II
llOj
loel
107
108
108
108
106
•All Brooklyn bonds Bat.
[Quotations byC.
jersty (My-'
Zabriskh.
4:
Montgomery
St.,
Jersey CIty.l
.
Water loan, long
186»-71
do
1866-69.
Sewerage bonds
Assessment bonds. ..lSiO-71.
Improvement bonds
18(8-69.1
Bergen bond*
1886
January ft July.
1.S99 1902
January ft Juiy.
1877- 187B
do
do
1881
Jan., May, .Inlvft Not.
J.and J ft D.
January and Jnly.
J.ft
101
108
100
107
ll^OO
lO'^
1900
106
106
lOB
108
108
101
\W.H
,
:
:
THE CHRONJCLE.
40
Commi.ssioners, and $1,000,000 for temporary loans redeemed.
Tlip unexpended balance is as follows
Actual income and taxes
$11,'-11,996
Estimated income and taxes
10,886,368
%umsimtnis
STATE, CITY
AND CORPORATION FINANCES.
The Investors' Supplement
Excess of actual incc me and taxes
Excess of appropriations over actual payments, inclnding excess
published on the last Saturday
of each month, and furnished to all regular BubBcribera ol the
Chkoniclb. No single copies of the Supplement are sold at the
office, as only a sufficient number is printed to supply regular
Bubscribera. One number of the Supplement, however, is bound
up with Thb Financial Review (Annual), and can be purchased
is
in that shape.
of liquor license revenue, 8183,630
Excess of actual income and taxes, as given
$125, o23
fSi.OlT
126,628
above
Total amount remaining in the Treasury to reduce taxation for the
financial years cf 1878-9
The
report
terity to
"We
condemns the system of borrowing money
$713,646
for pos-
pay
cannot better illustrate the fallacy of poflterity paying
:
for what we expend than by stating the
paying loans which the taxpayers were
fact that we are now
better able to pay by
direct taxation at the time they were incurred than we are to-day.
The appropriations and tax levies should annually cover all
GENERAL INVESTMENT NEWS.
Alabama Central.— Work has begun on
fVcL XX'VII.
the extension of the
Alabama Central from York. Ala., westward to Lauderdale, Mftss.,
about 15 miles. The company has concluded a contract by which
secures for a term of years the right to use 18 miles of the
& Ohio track, between Lauderdale and Meridian. Its
trains now use the Alabama & Chattanooga track between York
and Meridian.
it
Mobile
expenditures based upon a proper economy, and all piblic works
should be prosecuted only as fast as the money can be judiciously
raised to meet the amount required annually therefor. The city
of Boston, with its present means and accumulations, will pay as
it becomes due all its present indebtedness; and, in the coming
five years, will pay and cancel, at maturity, $8,230,000 of this
debt.
The
loans authorized, of all kinds,
if
negotiated, will add
to it $5,033,000."
Arkansas State Bonds.— The Supreme Court of the State of
Arkansas has declared the "levee bonds" unconstitution^and
Central Pacific. A circular prepared by a
void. The Sate Constitution of 1863 provides that on the^nal having foreign connections gives the following
passage of every act a vote of the members shall be taken by Land giant mortgage
—
firm of bankers
:
yeas and nays. In respect to the act authorizing the issue of the
" levee bonds," the vote was not so taken, and on this legal and
technical point, and-not on the equities of the bondholders, is this
decision made.
Many of the same men who framed the Constitution of 1868 vere members of the Legislature which pas=ed, 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
of nearly |3,000,000 trom their shoulders."
It is fruitless to discuss a question like this, for as a matter
of technical law it is too well understood that a "sov reign"
Stats 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 refusing to pay their bonds.
The great questions to ask in f 11 these cases are these Is it
honorable? Is it policy for us to repudiate these moral obligations? Few States at this time want capital and new settlers for
their development more than Arkansas; and yet a refusal to meet
state obligations is a direct rebuff, a " slap in the face," to all
respectable men who would invest money or take up their residence 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
(perfectly good law) to get rid of honest debts, would not be
tolerated in a business community for a single year.
:
—
1,136,000
Outstanding bonds
Cash on hand May 13. 1878
Notes on hand May 13, 1-78
...
&
Sauta Fe.— This company now
offers to
Atlantic Mississippi & Ohio.— At a meeting of bondholders
in London, England, June 19, the committee presented a statement showing the earnings for the year ending June 30 (May
and June partly estimated), as follows
:
,,
Groeaeamings
,
Expenses
$2,808,184
Landgrant
Acres.
Estimated number »f acres of land unsold
Land
May
sold from
1877, to
1,
$1,740,838
l,059,Cau
1,041,73.3
$729,011
j00,448
|69.1,104
ISTiJ-ir.
ConstructioE and extraordinary renewals
May
1,
1378.
Balance
1878, 124,126 acres, at
1,
—
Consolidated Virginia & California Mines.- The San Franan interesting summary of the product of these
cisco Post gives
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
:
Gold.
1873
1374
1876
1876..
1877
months
1578, five
Total to date
Samples to
1878
$314,239
$331,393
Total.
$645,582
2,063,438
7,035,a07
7,378,145
6,270,519
2,9i8,046
9,682,188
9,279,504
7,463,500
4.981.484
16,717,395
16,657,649
13,174,019
$33,061,598
S,994,375
$39,671,531
3,512,857
$52,783,129
6,507, isa
$85,055,873
$33,187,333
$.59,211,281
....
77.167
Silver.
...
The proportion
of gold and silver in this product has been
about 44 per ceiit gold and 58 per cent silver. The loss in converting silver into gold has been nearly $3,500,000.
California, the 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
Gold
Silver.
Total.
:
1876
1877
1878, five
months
;
Ore
$6,488,641
9,386,745
3,S80,107
$19,758,19
sales, 1876-7,
and samples
$6,912,201
9,638,105
3,871,349
$13,400,812
18,924,850
7,75:,45a
$20,331 655
$40,077,148
473,6ii8
.
349,819
$428,563
$449,365
steadily in view the importance of a
interests with the East
Tennessee Virginia
when the compaty is reorganized.
The bondholders approved the report of
authorized its members to make changes of
&
Georgia,
the committee, and
detail in the plan of
reorganization, not to affect its general character and purpose.
They also resolved to authorize the purchasing committee to fix
a limit of time after which no bonds will be received, and to
negotiate with parties willing to advance such cash as may be
required to complete the purchase of the road. The meeting
also approved the appointment as purchasing committee of Sir
Henry W. Tyler, John CoUinson, 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.
— The
11,723,400
li, 14^,545
Total
The committee has kept
Boston Debt.
May
an average of $13 65 per acre.
Chicago & Iowa. A few months ago the Chicago & Iowa Railroad was sold for $900,000, on foreclosure of a mortgage, and
was purchased by the bondholders. The stockholders and
officers immediately asked for a re-sale, and Judge Harlan has
rendered his decision, ordering a re sale.
Totals
Neteamings
union of
1877-78
...tl,7S8,031
$8,864,000
$1,109,242
1,696,942
Total, five years
Atchison Topeka
subscribers, for $900 in cash, nine $100 shares of the capital stock
of the New Mexico & Southern Pacific Railroad Company, and
$1,000 in the first-mortgage bonds of the company, each holder ot
twenty-nine shares of the Atchison Topeka & Santa Fe Railroad
Company's stock being entitled to subscribe fo; 9 shares of said
Stock.
$10,000,OCO
Bonds canceled
City Auditor has made his annual report
for 1877-8. It gives the funded debt of the city, April 30 at
$43,457,023, against $43,590,497, April 30, 1877, showing a reduction of $1,133,474,
The total redemption means, April 30, 1878
•were $16,297,345. The debt of the city, less this amount, is
$26,159,776. Taxes outstanding, April 30, $783,154, being 8-741
per cent of the levy of 1S77.
The receipts of the city and of the county of Suffolk, from all
sources, were $16,923 804. The total payments were $18,140,713,
of which $1,859,474 were for debt redeemed by the Sinking Fund
$40,550,846
The two mines have produced up
month bullion as follows:
to the close of the last fiscal
Consolidated Virginia
$59,320,338
40,650,846
California
Total
$99,871,174
The proportions
and samples, have
of gold and silver,
been as follows
Consolidated Virginia.
Uallforuia
Totals
Detroit
exclusive of the ore sales
Gold.
Silver.
$36,065,900
19,766,600
»33,:87,400
20 311,700
Total.
$59,330,328
40,677,200
$45,811,400
$55,.^09,100
$99,3aC,5C0
& Milwaukee.— On
July 6 the bondholders' trustee
(>ave notice of an 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
Court in Michigan.
Erie Railway.— The report of Receiver Jewett for the month
of April shows that the receipts for the month were $1,947,369,
of which $204,856 were borrowed money, the real receipts being
$1,703,512. The expenditures were $2,094,905, of which $375,681
were used in payment of Receiver's certificates, leaving the expenditures on account of the road $1,719,223.
Of this amount,
$15,153 were paid on account of coal lands, and $168,845 on
account of coupon interest. In Receiver's certificates there was a
reduction of $139,824, and the balance on hand was reduced
from $325,598 to $78,063.
Gulf Colorado
& Santa Fe.— The
loan
made by
this
com-
s
,
U
THE CHRONICLE.
/t-LV 18, 1378.]
pan; ia said lo b« |'J,700,000, or |12,000 per mile oo 235 milus of
road from OalvestoQ to Uelton.
—
KaiHiis rncillc. A holder of tlie Denver Extenaton Bonds
complftiuB of tlio action of Ibe " Committee of Nine," wblcU is
solicKing the deposit of tiondg witli the United States Trust
Company preparatory to beginning foreclosure proceedings. He
asks that the bondholders appoint a c;>mmlttee of examination, to
consist of such eminent gentlemen as Mr. John A. Stewart, Mr.
Henry F. Vail of the Bank of Commerce, and Mr. Brayton Ives,
President of the Stock Exchange.
Indianapolis Bloominsfton & Western.— The bondholders
tirst mortgage on the I. B. & W. Kailvray have formed a
under the
Sool for the purpose of purchasing the road at the sale
of the
The object is to work In
ecrees of foreclosure now ponding.
unison with the holders of the flrst mortgage bonds of the Danville Urbana Bloomington & Pekin Uailroad, and to consolidate
the two road under the nam" of the Indianapolis Uloomiogton &
Western liailroad Company. The new organization has fileJ
articles of association, the persons selected as the first board of
directors being John W. Kirk, Joslah C. ReifiF, Tbomas Ritch and
William W. Heaton, of this city, William J. Elger, of Brooklyn,
Augustus Jillson, of Poughkeepsie, Levi H. Alden and John B.
Pudney, of Passaic, N. J., James Kirkham, of Springfield, Mass.,
Solomon Mead and Francis Shepard. of Greenwich, Conn., John
C. Short of Danville, III., and Kichard P. Morgan, Jr., of Bloomington.
—
Eldvated Railway Company. Judge Sedgwick grants the motion
h dding that t'.e plaintiff's petition Is too ind-'flalte under rule
15, and rather seeks to ascertain whether there la any evideace
available to the plaintiff than to elicit evidence la existence.
Missonri County Bond?.— The Supreme Court of Miseouriy
the Greene County case, has decided the bonds invalid on
purely technical points, one of these being that there was " no
written acceptance" of the subscription. The height of impadence
in repudiation seems to be reached when the court. In denying
in
tbe claims of bondholders, actually makes a tirade against them
in these words, " who, reaching out with insatiate arms to grasp
in all the shore, has
taken the cliances,' and, Uking them, has
made speculations without profit and ventures without gala."
Tbe St. Louis Ilepublican says " The importance of this
It not only virtually reverses
decision cannot be overestimated.
the decision of the same court In the pr.-cisely similar Greene
County case made in 1874, but It seems to unsettle the famou»
Macon County case which has for ten years been the rule governing these bond questions in the Siate. It establishes a neyv
rule for the government of these cases, and that new rule, ta
describe It in the fewest wordb. Is as strongly in favor of the
debtor counties as the Macon County decision was In favor of the
bondholders."
The debt of Boone County is $340,000, the rate of interest being
8 per cent. It is proposed to submit to the people at the Novemher election a proposition to refund the debt at 6 per cent
Intenpst.
An affirmative vote was given last year to a similar
proposition, but the number of votes cast was so small that the
C unty Court declined to accept the result as sufficient instruc'
:
Indianapolis & St. Loais. Thomas A. Scott and H.B. Hurlljurt,
trustees ot the third mortgage bonds of this railroad, have filed a
tion.
bill in the United States Court at Indianapolis, askiner a foreclosure'
The United States Circuit Court on the Isi granted a perempthe
of the mortgage and the appointment of H. B. Hurlbur
tory writ of mandamus against the Buchanan Coutty Court to
present president, and H. C. Quincy, of Newark, O., as receivers.
on coupons of county bonds,
They state that diminution of business on the road has caused a compel payment of four judgments
issued to complete the St. Louis and St. Joe R'.ilroad, amountfloating debt of $300,000, and that they are also unable to meet
ing to $16,693, the County Court having refused to draw warrants
the July intereat on said bonds. Judge Qreshara refused to
The County Court has
on the Treasurer to pay the same.
appoint two receivers, and the parties being unable to agree upon
determined to refuse obedience.
one the application was held over for further consideration.
The application for a receivership follows the refusal to pay the
New Orleans Paciflc Railroad.—The Supreme Court of
uotes given to make up the deficit on the St. Louis Alton & Terre Louisiana rendered a unanimous decision, July 10, affirming the
Haute rental. The stock of the I. & St. L. Company is $600,000. judgments in the Pacific Railroad Company mandamus against
and is owned equally by the Cleveland Columbus & Indianapolis Governor Nichols and others, and the Louisiana Levee Company
and the Pittsburg Fort vVayne & Chicago. The breaking of the mandamus against Auditor Jumel.
Vandalia pool last year was disastrous, and the result has proved
New York City.—The annual report of the Commissioners of
that the Vandalia route cjuld command more, and the revenues of
Taxes and Assessments to Mayor Ely contains the following
the Indianapolis & St. Louis have fallen off in consequence.
It
"The bneinesB of the Department of Taxes and Assessments, so far as it
ia stated that the Pennsylvania Company has no desire to break
relates to the assessments upon property for the entire year, i« brought to »
or modify the original lease, and they stand ready now, as In the close at the end of the carrent quarter, to wit, the 30th diy of June.
past, to pay the two-thirds for which the contract calls.
This, it
" BEAI. EJTATE.
is said, the St. Louis & Alton refuses to accept, claiming that
"The assessed value of real estate was for
»,.,,,„„
$8»5,063,!>33
they must go on as they have, assuming the default of the Cin- 1877
.'
9oo,855,-«)
1878!!;;;;
.;;.;;;;....
cinnati
Lafayette;
that
,
:
&
but the Pennsylvania Company says
the
contract is so clear in its provisions that the guarantee is not a
i'oint one, but each for itself to the extent of one-third, that it
iSiB no doubt the offer of the two thirds will finally be accepted.
&
Missouri RiTer.— The Louisiana & Missouri
River Railroad 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
the list of the New York Sto k Exchange some years ago. The
trustees were authorized to sell the entire issue of bonds in
advance of building the road, and the bonds were so sold. In
December, 1874, dealings were restricted by the governing committee to No. 1,616, being $16,000 per mile on 101 miles of road
actually built and in oper.ition.
On completion of the road the
Chicago & Alton Railroad Company agreed to lease the line, and
pay a rental sufficient to meet the interest on the bonds and pay
the taxes. Under a provision in the' mortgage the bonds can be
converted into guaranteed preferred stock, and $271,000 have
been so converted $435,000 have been redeemed and canceled
Lonisiana
;
;
The lessefs recently asked
$1,854,000 are now outstanding.
that the bonds now outstanding numbered 2,560 or below should
admitted,
good
delivery,
and
be
ae
that the guaranteed preferred
stock (registered by United States Trust Company) should be
placed on the list of the Stock Exchange, which was granted at
a late meeting of the governing committee.
Metropolitan (N. Y. City) Railway.- A meeting was held of
the directors of the Metropolitan Elevated Railway at the office
of tbe 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.
Clayton,
The directors of the New York Loan and Improvement Company have re-elected the following officers: President, George M.
Pullman; vice-president, Jose F. de Navarro; tecretary, Louis
M. Brown executive committee— Horace Porter, John Baird,
and William R. Garrison.
At a meeting of the Board of Directors of the Metropolitan
Railway on July .5, it was resolved to Issue first mortgage bonds
lo 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 Gilbert Elevated Railway Company and the New York Loan and
Improvement Company, for $4,500,000, was before Judge Sedg
'•The iicreaseis't5,-91,r67;
,
,
of the new buildings and Improvements during the year
"The value
"The following t«ble shows the value of
each year since 1S73:
;
;
.
piatntin s petition to examine the
^alnUff-'sTtZn^o^kE^^^^
boolis and papers of the Gilbert
new
buildings and improvements In
_
New
work.
«S2,?76.t4'.
16,798.99?
18,078,850
15,t'98,840
18,349,411
1873
1874
1875
1876
1877
Alterations.
13,496,995
Total.
r2V73,M0
3.616,1H
20,415,109
81.14»,2J3
19,.M3,;18
li,5Tl,539
3,0:6,473
3,635,478
8,816,1*5
"It win be seen that the increase In assessed value Is less than the value of
new buildings for the year. This is owing to the reduction in the assessments upon unimproved property in certain districts, and upon Improved
property in sections where the decline in values has been in eiccss of the
average.
"While the value of the new buildings
In 1877 is less than in previous years,
owing to the low prices for materials
money. There were 1.191 new
and labor, more workcan be done
buildings begun in 1876, and 1,816 in 18?7. In 1676 the number of buildings
The Nineteenth Ward, as for
1,308.
under alieratiou was 1.177, and in ISTT,
some years past, had within its bonads more new buildings than any other
the
number
of buildings is greater
;
for,
for less
ward.
.
,
"The real estate market has been stagnant and depressed, and large parcels
of unimproved property, when forced npon the market at public sale, have
disappointed the expectations, or at least the hopes, of owners. Yet the
owners of real estate which is not overloaded by mortgage fe icitate themselves when they compare their position with that of other investors. The
investor in spjculalive stocks has found himself bankrupt mott rai, roads are
in a similar condition ; many manufacturing stocks have ceased t^ pay dividends merchandise has deprecia'.ed from »0 lo 70 per cent trade debts have
to a large extent proved worthless, and amid all these wrecks improved real
estate stands— not unharmed or impaired In value— but still, as compatea
with other interests, sounder, stronger, more hopeful than almost any.
,
;
;
;
"personal propbrtt.
"The assessments
vary
iry but
little
from
for personal property against residents
those of 1876. 'They arc as follows:
:
;
was
$16,574,539.
and non-residents
1878.
1877.
Residents
Non-residents
Shareholders of ban'
Total
$118,838,6n
$I19,H9,!5J
tS,5sl,809
73,6U,<74
1S.7JJ.400
65.179,380
1206,028,160
$197,588,075.
varlatloa in the assessments upon residents and
non-residents in Ihe aggregate, the changes in detail are very numerous. Many
who were as^eised in 1877 have failed or removed, while many new names
are Inserted and the amonnts assessed to others increased.
k «„ .«
'The assessmeats upon the shareholders ef banks since 1878 nave o.en an
follows;
»a»ij» 'IK
•«"]'.
1873
1876
... $77,680,896
78.614,874
1874
74,397,670 18n.
66.179,380
18:5
7),390,9e9 1 1878
method
Pr'^ent
sum assessed for 1S78 Is.less than In aay year since the
of assessment w.s adopted under the act of 186(). This decrease of »8.*»4.9»4
'°'°«
•»>*»
nine
for 1878 is caused ch'efly by the reduction of the capital of
wun
extent of $7,410,000, and the abandonment of bnflness fcytwo oanas
commenced
$300,000 capital. One new bank, with a capital of $300,000,
Banks
business, and one bank has Increased its capital $50,000. Several of the
wiu
have met wiih considerable loesen, rednclng the value of their shares, it
be seen thi.t ihe bank capital assessed in 1875 was $r3,C0J.0i)0, In 1878 »86.t«Aconunder
«
Of 0, and In 1878 t6.'i,OCO,oOO. The Increase in 1S76 was effected
construction of the law of 1^66 which had not previously been enforced— a
"While there
is
but
little
I
The
hM
by the Commlsslone'
<-f
the coLstrnctloo then placed upon the law.'
.
:
—
1
:
:
THE CHRONKJLE.
42
Ohio & Mississippi.— Receiver King's May statement to the
Court is as follows, rendered in tlie usual summary form, without separating the earnings and expenses by items
:
May
Balance,
$37,7C6
296,574
1
Receipts
Total
Disbursements
Balance Jane
The
{334,981
862,553
'.'..........
I
$71,721
receipts exceeded the disbursements
by $34,015
for the
mouth.
Omalia& Nortiiwesterii.— Official notice Is given that the sale
of this road, by Watson B. Smiih, Master in Chancerv, under
decree of United States Court, will take olace, Seotember 3d, at
Omaha.
Ottawa f ily
Bonds.— In the suit of Hackett against the
city of Ottawa, III., heard before Judge Blodgett, of the United
States Circuit Court, at Chicago, the validity of bonds issued by
the city in 1809, to aid in increasing the manufacturing facilities of
Fox River, was brought in question. The Court decided that the
issue of $00,000 worth of bonds for what appeared to be a private
enterprise was illegal, as the city charter did not grtnt such
power. He therefore decided that the entire issue was void. The
case will be taken to the Supreme Court of the United States.
(III.)
ated by the
— A statement
Pennsylvania
May,
compared
Pennsylvania
for
1878, as
of the business of all lines operRailroad east of Pittsburg and Erie
with the same month in 1877, shows
the following
A decrease in gross earnings of
A decrease in expenses of
'...'.'.'.'.'.'/.'.','.'.'.'.','.."
A decrease in net earnings of
The five months of 1878, as compared with
show
1877,
An increase
An
$115,973
the same period in
in gross earnings of
A decrease in expenses of
tSn 005
eTosa
$131,518
!.'.'.'.'.*!'!'.**
at):J,97l)
increase in net earnings of
$547494
All lines west of Pittsburg and Erie, for the five months of
show a deficiency in meeting all liabilities of $250,441,
being a gain over the same period in 1870 of $316,535.
1878,
Railroad, Canal and Lake Freigrhts.— In Chicago, July 3 the
following freight rates, per 100 lbs., were agreed upon, to take
effect at once
:
Fourth class
and provisions.
Chicago to
New
Yorij
lii
Boston
Plonr,
per barrel.
32 cents
U8 cents
28 cents
42 cents
Grain.
cents
cents
cents
cents
18 cents
16 cents
Baltimore
Philadelpbia
16
14
14
21
cents
S3 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 li for corn from Chicago to Buffalo, and
4J cents for wheat
and 3i for corn from Buaalo to New York— the lowest rates ever
known. At Chicago a through rate lor corn by lake and canal to
New York is reported at 5| cents.
The Buffalo Vcmmercial Advertiser gives a comparative exhibit
showing the average rates per bushel from Chicago to New York
by lake and canal in the month of June, on wheat and corn, for
the seasons named
:
LAKE-
.
Wheal.
Year.
Com.
Cts.
.
6-6
6-8
S-7
6-5
6-5
Cts.
18 7
10-8
10-
83
53
..
7-8
5-8
3-9
2-6
2-3
1-9
1-8
ia-1
..
1870
1871
.
,
Cts.
1861)
18TS
1873
CANAL.
Wheat.
Corn.
.
6 D
.
1874. .
1875...
1376 ..
1877...
1878...
48
30
2 5
8-4
CtB.
11-7
9-6
91
11
106
9'6
11-3
10-3
6-3
6-4
4-3
6-9
B-2
50
S-1
4-7
41
Railroad Stock Taxed.— The Chicago & Alton Railroad Company has commenced a suit in the Circuit Court against the col
lectors of various counties in Illinois to restrain
them from
collecting taxes for the year 1874, assessed on the capital
stock of
the company, and from seizing or levying upon any of the
property of the corporation. The bill shows that the State
Board of
Equalization in August, 1874, in addition to assessing the
company for its track, right of way and other tangible property
proceeded to assess it on the capital stock of the separate corpo-
rations of which the Chicago & Alton was made up.
The amount
so illegally assessed is claimed to be $34,343.
In the United Slates Supreme Court the following
case has iuet
been decided, viz.: No. 890- The Indianapolis & St. Louis Kailroad Company vs. James I,. Vance, Collector of Eigar
County
«< a(.--Appeal from 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
& PaeUlo.—The
St. Paul Pioneer Press of a recent
P. Farley reported all obstacles to the
advancement of its lines removed, and that work would be at once
pushed forward on both the St Vincent and Alexandria lines
and that both would he completed by the first day of October
date said that manager
J.
next
Regarding the St. Vincent extension, the men are now in
the field, and the work of preparing the road-bed for
the superstructure is rapidly going forward. For 28 miles north
of CrookBton the road lias been ironed since 1873 and extensive
repairs on
this portion of the line are demanded.
The grading from the end
ol tlie track to St. Vincent will also be proceeded
with and it
;
:
LVoL. XXVII.
will be done in the course of a very few months. Mr. Farley hag
made contracts for the iron with the Cambria Iron Company, of
Johnstown, Pa. There is every reason to believe that the Pembina 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 ani 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
Ist of August, and to Alexandria by the Ist of October.
The
iron and ties for this portion of the line are also provided for, and
Paul and Alexandria will therefore ba united by the indissoluble bonds of railroad iron ia less than a hundred days.
St.
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 addressed to a citizen of that State an open letter, reviewing the
growth of the public debt, and stating that its amount on the let
of January last was $23,213,60-i.
He says in conclusion
:
" I am clear in the belief that onr financial condition is
the great barrier to
prosperity. It has destroyed Slate and mancipal and seriously affdcted
indlTidual credit abroad, and has broljen down all coniidence at home.
The
banks and individuals who hold moLey lock their vaults and refuse all ac-
commodations to the borrower, under the belief that, when public obligations
are disregarded, a scheme will be devised bv which individual c-n tracts
will
be Ignored and avoided with the same facility. This w^nt of coufldenco has
locked up millions of currency, which, if it could be placed in circulation
would go very far toward the relief of the people of Tennessee. The holder
of even idle and unemployed money esteems it now as more valuable than
any species of property, and be cannot be expected to change his opinion so
long as the tenure of property ia made doubtful by a disregard of oblio-ntions
Public opinion is fixed upon one point-not to exceed an additional levy of 80
cents, making the Stats tax 40 cents. This has been the pledge
of tie Democracy lor the past four years. The special report of the Controller, made
in December, 1877. shows that, according to the present assessment
the lax on
property and merchants, at 30 cents, will yield a net revenue of
S?14 04B add
to Ibis the cash income of $70,500 derived from the lease of the Penitentiary
with the revenue from railroad, telcgrapj and sleeping-car companies, we
have an ample inargin, inside of which a settlement can be made easily and
acceptably to all concerned. Of course, this wi'I be burdensome to the taxpayer, but we owe the debt, and debts are always trouhlesome and never paid
conveniently. It is well enough for the people to understand that whatever
settlement is made, money win be required to meet the undertaking tnd this
money wi;i have to come from the pockets of the tax-payer of the State."
Texas & Pacifle.— Texas papers state that in the suit of
Stevenson, 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, dismisaing the complainants'
bills iind holdin;^ that the pretended bonds of the Southern Pacific Railroad Company, of which the complainants claimed
to be
holders, had their origin in fraud.
The amount claimed was
about $500,000
Union Pacinc—The N.
Y. Sun. in analyzing the probable
of recent legislation on the finances of this company,
gives the following The new law defines "net earnings" as the
amount left after deducting from gross earnings the ne3es.«ary
expenses actually paid during the year in operating the railroad
and keeping it in a state of repair, and also the interest paid
effects
:
duriag the year upon the first mortgage bonds.
The important section is a* follows
The company shall, on said day in each year, pay into the Treasury, to the
credit of eaid Mnkiiig fund, the sum of $85:1.000, or so much thereof as shall
be necessary to make the five per centum of the net earnings • • * and
the whole turn 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 caTuings
of eaid railroad
company.
*
*
this rule to the Union Pacific,
follows, taking the year 1877 as a basis
The gross earnings were
Ihe operating expenses, including taxes
Surplus earnings
Interest
on
first
"
*
Now, applying
mertgage bonds
it
will
work as
$12,473,203 86
5 273,4!1 69
$7,199,782 17
1,63S,890 00
Net earoings
$5,565,892 17
Novv, the Government claims five per cent of the net earnings,
and will withhold all of the compensations due for its transportation over the line of the road.
It will also exact as much of
$850,000 as is necessary to bring the other amounts up to 35 per
centum of the net earnings.
Fiveper cent of net earnings is
*878 294 60
Government passeugfr transDortation
.............'
!t93'251 SS
Government freight transportation
'"
.S62'208 20
United States mail
Total
696 775 00
ji 530
52r^
Qg
.'...".'..'..'.'.'.'.'.'.'..".'..'."'.'
Twenlyflve per cent of net earnings
l|391,'473 04
Con.sequently, 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 malimum demanded, the Union Pacific will undoubtedly ask the Secretary of
the Treasury to handover the difference of $139,050 03.
Supposing that the company gets off with 25 per cent of net
earnings, it is interesting to note how the stockholders will come
out for dividends.
After paying 25 pr cent. Ihc net earnings win be reduced to ...$(,171,419 18
Out of tnis mnst come thetntcrest on the land grant and sinking
fundbouds; these two items amount to
.
1,651,220 00
Amount left
The
for dividends
capital stock is $30,762,300,
$2,623,199 03
and a dividend of 7 per cent
upon it would require a trifle more than the sum left after satisfying the Government claims and paying interest upon the
various issues of bonds.
'
;
JULV
.
.
—
:
.
TIIK CIIUONICLR
13. 1878.1
43
TO N.
O OT
L E
COM MERCIAFRiDATf
NiOHT.
July 12, 1878.
hag witnessed a rapid progress iu preparations for the autumn trade, and generally results are as favorable
as could be expected. Prices are now so low that dealers proceed
Tbe week
just closed
with more confidence. Of course, dry goods is the first branch ot
trade to exhibit life; but in others indications are not wanting of
a fairly satisfactory business for the cominK autumn. Crop
accounts from the Northwest have not been so favorable the
past week, but
damage has been done.
believed no serious
it is
Pork has been slow of sale, and closes unsettled and nominal
mess ofl'ered at $10 30 for this and the next two months, and
f 10 50 for October. Lard has improved, and prime Western
closed at |7 231, spot ond August; |7 30 for September, and
|7 87i for October. Bacon and cut meats, though rather tending
upward, have been inactive. Beef and beet hams unchanged.
Cheese and butter moderately active, and prices about steady.
15-102. for prime.
Stearine
Tallow more active, but ;!osed at
has been active at 8i(30c., the latter price for choice city.
The following ia a comparative summary of aggregate exports
from November
1 to
July
6,
inclusive
lbs
Lsrd, lbs
Total. !b»
4,3iiu,300
10'J,7J1,161
44, 1.37,8
455,n.<3,Bi3
345,325,472
859.174.112
165,sas,0«
Uf,«J6,8!0
768.8)5,885
665,6)3,314
807,803,571
Kentucky tobacco has continued quiet, and sales for the week
.350 hhds., of which 400 for export, and 150 for home conlugs quoted at 2i@4ic., and
Seed leaf less active, but prices without important
Prices are about steady
5i@14c
leaf
variation
sales for the
;
cases, 1876 crop,
New
week
are
;
follows
1,494 cases, as
England, 10 to 20c.
;
:
100
900 cases, 1877 crop,
Ohio, 7 to 8ic. 180 cases, 1870 crop, Ohio, 10c. 2.50 cases, 1877
crop, Pennsylvania, private terms G4 cases, 1870 crop, Pennsyl;
w'k at
tills
;
313
194
100
267
20.5
903
546
3
6*9
389
8
1,021
1,011
1,319
173
18
108
564
29
848
7
139
439
38
4.401
6,005
3,468
(fee
14
439
611
68
week
355
353
381
324
1.
new
;
and 100 cases sundries, 5
Spanish
in
tobacco
;
550
to
bales
There is nothing
Havana were sold at
15e.
80c.!3|l 05.
There has been a better business in Rio cofiee, and price haves
been advanced, with offerings at the close quite limited fair to
pflme cargoes quoted at lG@17c., gold, stock here in first hands
on the 10th inst., 94,924 bags mild grades are also firm and
more actively called for. Rice has been in demand and firm.
;
—
;
Molasses
is
still
and
firm
at
but steady in the absence of
Refined sugars have continued in demand
generally dull,
superfluous supplies.
for standard
9|c.
Stoclt Jnly 1, 1878
Becelpis »ince July 1, 1878
Sales elnce Jnly 1, 1878
Stock July 10, ISrS
BtockJnlyll, 18n
Riw
crushed.
advanced under some speculative movement;
Cuba, 7J'a7|c.
fair to
Hhds.
Boxes.
73.884
16.601
11.301
77,585
1I,*J5
911
III
11,935
81,637
117.6:31
grades have
good refining
Bags.
138,«5
Melado.
41,678
41,131
1265
188,69!)
1,897
8,834
689
676
281
3G
2,032
5
247
3,079
112
9,190
4,248,551 3,949.162,4,070,775 3,467,933 3,782,677
for the week ending this evening reach a total of
5,103 bales, of which 3,G6-i were to Great Britain, none to
France, and 1,500 to rest of the Continent, while the stocks as
made up this evening are now 146,466 bales. Below are the
stocks and exports for the week, and also for the corresponding
week
of last season:
EXPORTED TO
Week
ending
Great
July 12. Britain.
Continent.
France.
1,300
2,043
N. Orl'ns
Mobile..
Total
S.ime
this
Week
Week.
1877.
10,460
3,343
1878.
1877.
21,038
1,253
48,327
7,473
3,593
2,138
10,067
115,888
4,237
30,000
Chai-1't'u
346
Savaii'h.
1,202
2,938
4,949 102,206
1,483
210 16,000
Galy't'u-
N. York.
13
NorfolkOther*..
1,607
200,
213
1,607
Tot. this
week..
1,500
3,663
15,619 146,466 221,723
5,163
Tot.since
Sept. l.'211-j,402 497,301 679.044 3294,747 2987,009
• The exDorts this week uader the head of 'otner p)rt9" Inclade, from Baltl.
more, 513 bales to Liverpool; from Bostoa, 9Jj balea to Liverpool; from Fhlla
dclphla. 169 bales to Liverpool.
In addition to above exports, our telegrams to-night also give
us the following amounts of cotton on shipboard, not cleared, at
add also similar figures for New York,
the ports named.
which are prepared for our special use by Messrs. Carey, Yale &
Lambert, 60 Beaver street
We
On
July
12,
at-
Other
Coast-
France. Foreign
pool.
New Orleans.
Shipboard, not cleared— for
„
Liver-
657
247,678
347
060
The exports
;
vania, 14e.
1,409
1
390
5,28';
. .
1874.
825
82
421
05
235
338
2,364
98
Tennessee, dkc
Florida
North Carolina
Norfolk
City Point, &c
1875.
1,243
Galveston
Total this
1876.
I,17i5
Savannah
Indianola,
1877.
1878.
Orleans
Mobile
Charleston
Port Royal, &c
Total since Sept.
Incresse.
are only
BumptioD.
Keccipts
New
•
1876-77.
«.635,OO0
Bacon ami hams,
since Sept. 1, 1877, of 299,389 bales.
The details of the receipts
for this week (as per t(degraph) and for the corresponding weeks
of five previous years are as follows:
:
18:7-78.
Pork. Ibf
Friday, P. M., July 12, 1878.
Tub Movement of the Chop, as indicated by our telegrams
from the South to-night, is given l)olow. For the week ending
this evening (July 13), the total rcceipti have reached 5,287
bales, against 5,949 bales last week, 0,879 bales the prcvloua
week, and 10,721 bales three weeks since, making tlie total
receipts since the Ist of September, 1877, 4,248,551 bales, against
3,«4!t,102 bales for the same period of 1876-7, showing an Increase
None.
2,750
wise.
None.
100
Leaving
_,
Stock.
.
,
Total.
18.250
2,850
None.
None.
1,253
None.
None.
None.
There have been sales during the past week of fully 8,000 Mobile
200
1,002
Noue.
200
Savannah
None.
None.
hhds., mostly centrifugal grades.
None.
2,933
None.
None.
None.
Galveston
None.
In naval stores very little of importance has been done
rosins New York
•2,700
99,506
None.
800 Noue.
1.600
have beeu irregular at |1 42i'£jl 47^ for common to good
200
>,750 122,949
Total
3.550
None.
1,700
Btrained spirits turpentine at 29c. Petroleum has latterly shown
• Included in this amount tlieio arc 300 bales at Presses for foreign
more steadiness, owing to more limited offerings on the part of portH, the destination of which wo cannot learn.
From the foregoing statement it will be seen that, compared
refiners and improved Creek advices; crude, iu bulk, quoted at
with the corresponding week of last season, there is a decrease
Cjc, and refined, in bbls , 10|@llc. (or July deliveries. Ingot
in the exports this week of 10,456 bales, while the stocks to-night
copper was lower and dull at lG@lGic. 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
Sic Hides have remained firm, though trade has latterly fallen all the ports from Sept. 1 to July 5, the latest mail dates:
keceipts since
EXPORTED SINCE SEPT. 1 TO—
off' somewhat.
Whiskey dull and nominal at |1 07@1 07i.
8E1T. 1.
Stock.
Ports.
Other
Great („
There has been a very good movement in ocean freight room
_,„,„,
1876.
Britain. France. Foreign Total.
1877.
rates have shown irregularity and weakness Jowing to superfluous offerings of tonnage, but at the close mire steadiness was N.Orlns 1366,457. 1173,778 809,056 325,406 303,280,1437,742 24,706
31,566 164,093
1,492
noticeable.
Late engagements and charters include
Oraia to Mobile 411,930: 356,780 106,331 26,146|
463,962 131,935 70,355 103,584 305,874
487
Liverpool, Ijy steam, G^i. per 60 lb.; cheese, 45s. per ton
bacon, Char'n' 457,55fl|
;
I
;
I
;
I
:
;
308.(S329. 61.
butter, in refrigerators. 1253.; grAin, by sail, Cid.'
do. to London, by steauf, 7J@7id.; fl)ur, 23. 61; do. by sail,'
;
29. 31.; grain to Avonmouth, by steam, 6Jd.; do. to Glasgow, 7d.;
do. to Hull, 8d.; do. to Antwerp, g^d.; do. to Rotterd'am,
10(a
lOid., all by steam
do. to Bremen, by sail, 7ld.; do. to Cork, for
orders. Gs. per qr.; do. to Havre, 5s. 63.; do. to Antwerp, Ss.'od.;
refined petroleum to Rotterdam, 49. 31. per bbl.; do. to London]
4s.; do. to the Baltic, Ss.QSi. 3.1.; do. in cases to
Alexandria, 30^.',
gold do. to Salonica, 32c. Today, business was rather moderate, but rates remained about steady.
Grain to Liverpool,
;
595.050 474,760
445,210 499,971
N.York 143.001 120,630
Florida
14,270
20.379
N. Car. 142,690 128,557
Norfk* 500,093 550,.579
Other.. 161,002 148,306
SaVh.,
Galv.*
This yr. 4243,264
176,217
136.172
320,106
35,007
156,687
193,148
36,351 138,748 351,346
2,027
4,405
26.971 11,291| 224,434
9,217 47,108 370,431 106,673
1,780
1,075
19.890
56,677
2,020 160,691
19,148 212,296
43
2,000
16,500
.12114,739 497,301 677,544,3289,584'l58,333
;
by
by
steam, rj@7d.; do. to London, by steam, 7id.; do. to Bristol,
steam, 7d.;do. to Bremen,'by sail, 7Jd.; do. to Cork, or orders
5s. 9d.(«G.'. 3i. per qr.; do. to Bristol channel, 5s. 9d.; refine
petroleum to the Baltic. Ss. 3d.@.53. 44d.; do, in ci
o ConSantinople, 30Jo., gold.
I
:W44.758 2095.055
Lastyr
•
44-1.3.11
423.0012971.390 245.001
Is Included Port Koy il. 4c.; under the head of
inclulcd ludlanola, 4c.; under the head of Horfolk U tocladtd City
Unaer the head of tuailailon
natvMMn
Point. 4c.
Is
.
,
,
These mail returns do not correspond precisely with the total
of the telegraphic figures, because in preparing them it is always
necessary to incorporate every correction made at the ports.
. ..
:
.
u
re-opened on Monday last, exhibiting considerable
There was a very fair demand for home consumption,
with some business for export and speculation, which, in view of
the small stocks, enabled holders to maintain prices on the basis of
11 7-16c. for middling uplands. On Wednesday, however, the
feeling was scarcely so strong.
To day, quotations were revised;
most of the high grades were marked l-16c. lower, and some of
the medium and low grades l-16c. higher, middling and the
extreme low grades remaining nominally unchanged. The speculation for future delivery opened buoyantly.
There was some
business done on the street while the Cotton Exchange was
closed, and as high as ll'GTc. paid for August; and the opening
prices on Monday were ll'59c. for July, ll'iiSc. for August, ll'Slc.
for September, and ll'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 Tuesday, 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.
'I ha
reports of most of the Southern
cotton exchanges were published on Wednesday, and were at
first construed unfavorably, causing sales at 11 •63c. for August,
11 '320. for September, ll'lSc. for October and lie. 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 maintained 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
The market
;
unsettled feeling.
forward delivery for the week are 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:
total sales for
—
Saturday, July
UPLANDS. ALABAMA.
0,
to Friday, July 12.
Ordinary
^
Btrict Ordinary
Good
107,8
.
lOlSif
11^8
123,8
Good Mid...
12lti(
13718
'""is
107ia 107,8
1013i6 101:5,6
Low MiddliiiK
lUis ll'lB
Btrict Low Mid.... 11^4
11>4
MiddlinK
in,8 117l6
Good Middling.. .
1178
Strict Good Mid... 123,6 123,8
Middling Fair
1211,6 12ii,a
Fair
13'
137,6
Th.
^
)
99;J8
99,6
91^16 915,
Good Ordinary
107,6 107,8 107,6"
Btrict Good Ord...
1013,6
Low Middling
III13
lllia
Btrkt I-oWMid....
lll^is III4
Middling
117,6 117,6 117,6
Good Middling
ll'S
1113,, 11^8
Strict Good Mid. . 123,8 12H
123,6
12lt,6' 1258
Middling Fair
121*16
Fair
137,6 1338
137,6
915,61
n4'
!
,
STAINED.
125,6
1213,6
139,6
125,6
1213,6
139,6
^
TTed
9iii6
101,6
109j6
1010,8
113,6
1138
911,6 911,6
101,6 101,6
109,8 109,6
1015,6 1016,6
113,, 113,6
1138 1138
11»16 119l8
12
12
125,6 125,6 125i6
1213,6 1213,6 1213,
"
139
189,6 139,8
I
91I16 911,6
101,6 101,6 101,6
107,6 109,6 109,6 109,6
10l4,6
1016,6 11
lO's
Ills
113,6
113,6
115,6 1138
1138
119,6 119,6
1113 16
111^1,
12
125,6 1238
12«8
1213,6 12%
I3I2
1338
139
139,6
2?J«
915,1
lb.|
Low Middling
.
I
'A
Th.
Frl,
IIV
V
911,6
101,8
109,6
11
1134
117,6
119,6
1115,6
1238
123l
I3I3
im
Mon Tnea Wed
Sat.
Good Ordinary
Btrict Good Ordinary
97a 97,6 97,8 97,6 97,6
Holi91*16 91^,6 91»16 91 16 91°16
day. 107,6 107,6 107,6 107,6 lOTg
'^
III16 lUia lUie 11116 11
MARKET AND
CLOSED.
Ex-
Con- Spec- Tran-
j
sump
port,
Sat.
ul't'n
.'Dull
Dull, easy
Tliurs Dull, easy
Frl . .jDuU, easy ,rev. quo
394
....
....
Total
6223,38li
544
Wed
8it.
_
Deliv-
.
,
Total.
Sales.
eries.
....
600
22
.
.jDull,
easy
1
150
839
981
1,223
80G
098
4,54-;
25,500
15,800
32,700
15,900
29,000
1,000
118,900
2,400
400
300
700
For forward delivery, the sales have reached during the week
118,900 bales (all middling or on the basis of middlinjf), and the
following ia a statement of the giles and prices:
For July.
Bales.
100
Bale».
cts
10-42
100 s.n.tth. 10 46
*H)
10-46
10-47
BOO
700
10-48
400 I.D.lStb 10 40
400
;o-40
800 e.n.-5lh 10-60
600
100
10-56
lOOU
Pales.
3.900
^,200
4,300
2,800
Ct».
10-68
lo-ro
10-80
10-61
.S.IXJO....
BOO
10-62
2,500
5,300
4,600
For Angust.
10-50
10-51
3,>-00
900
10-82
1,000
WB5
4,600
8,200
2,UO0
2,700
Ct-,
lo.aoo
1.100
S.IOO
1,700
4.700
Ba'es
1,800
Cf>. Bales.
Ct«.
11-05
10-99
300
11-06
11-00
800
11-07
2,900
11-08!
For December
11 10!
10-00
11-11
700
10-91
11-12
800
10-92
1,100
1113
I
I
8,0(X)
900.
200
Bales.
CIS.
100
eoo
500
500
500
111s
Cte.
aleg.
For January.
200
800
600
100
1
2.900
1,300
2,900
XXVn.
[Vol.
10-96
1102
11-03
11-05
11-ao
11-31
11-32
11-38
I
800
800
1114
1115
1,000
40O
100
200
600
500
16,600
For November.
400
200
600
200
10 98
3,000
1,700
10-1-3
For February.
10-94
10-95
10-06
10-97
300
100
600
600.
10-99
11-00
200
1101
For
11-00
11-02
l;-04
100
Vim
600
300
10-91
10-93
10-94
10-95
5<X>
900
April.
11-24
U-06
For
JIay.
11-34
11-36
200
1,100
100....
For March.
500
400
6,100
11-09
1112
The following exchanges have been made during the week:
-06 pd. to exch. 100 .July for
-29 pd. to exth. 200 Sept. for
Aueuat.
Ju
-O8pd.toexch.3no July for Aug.
July for Aug.
OH pd. to exch. 200 July for Aug,
•05 pd. to exch. l.OOn
y.
pd. to exch. 300 J^ept. lor Aug.
-05 pd. to exch. 1*0 July for iug.
•27 pd. to exch. 100 tept. for July.
•
1
The following
-09 pd. to exch.
200 July for / ug.
•OS pd. to exch. 700 July for
Aug.
show the
will
closing prices bid for future
delivery, and the tone of the market at three o'clock P. M., on
the several dates named:
MIDDLINO UPLANDS— AlHERIC AN CLASSIFICATION.
Fri.
Sat.
Mon.
Tues.
Fri.
Wed. Thura.
Market
Var'ble.V ar'blc. Unsct'd.Firmer.Var'ble.
July
11-51
11-46
1150 11-52 Hi';
August
1155 11-56 11-56 11-50 11-51
September
11-25
11-26
11-26
11-27
11-24
:
:
:
:
October
11-07
10-94
10^93
10^97
11^03
11-11
11-21
11-31
;
November
December
>.
«
Jami.iry
;=
February
S
March
April
:
May
Transfer orders
11-.55
:
Closed-
1109
10-96
10-95
10-99
1105
11-12
11-22
11-32
11-55
11-10
10-97
10-95
11-00
11 05
11-13
11-23
11-33
11-50
1112
1111
10-98
10-96
11-02
11 06
11-12
11-24
11-34
11-55
10-95
10-94
lO-SS
11-04
11-12
11-21
11-31
11-50
Easy.
100»2
Steady. Strong. Dull.
Dull.
loo's
100 12 100 12
100 la
4-82L2
4-8112 4-82
4-82
;
Gold
:
Exchange
4-8212
The Visible Supply op Cotton,
as made up by cable and
telegraph, is as follows.
The Continental stocks are the figures
of last Saturday, but the totals for Great Britain and the afloat
for the Continent are this week's returns, and consequentlybrought down to Thursday evening; hence, to make the totala
the complete figures for to-night (July 12), we add the item of
exports from the United States, including in it the exjwrts of
Friday only:
1878.
1875.
1877.
1876.
Stock at Liverpool
782,000
981,000 1,021,000 1,047,000
Stock at London
12,250
107,750
40,000
48,250
Total Great Britain stock .
Stock at Hai-re
Stock at Marseilles
Stock at Barcelona
Stock at Hamburg
Stock at Bremen
Stock at Amsterdam
Stock at Rotterdam
Stock at Antwerp
Stock at other conti'ntal ports.
Total continental ports.
794,250 1,021,000 1,069,250 1,154,750
214,000
170.500
211,750
159,250
6,000
8,000
8,000
9,500
38,000
81,500
75,000
72,000
14,250
7,000
16,500
13,250
45.500
47,250
72,250
53.750
61,250
38,250
51,750
48,500
15.250
10,000
10,500
11,500
4,750
6,500
13,250
7,750
23,000
10,000
25,000
15,750
406,000
464,000
433,500
383,750
10-51
40,500
10-58
10-6.3
10-54
10 55
10 S«
10-67
For September.
1.000
2.000
2300.
2,800.
11-20
...11-21
Il-i2
11-28
Total European stocks.. ..1,200,250 1,485,000 1,502,750 1,538,500
India cotton afloat tor Europe. 201,000
347.000
403,000
601,000
Amer'n cotton afloat for Eur'pe
121,000
124,000
83,000
145,000
Egypt,Brazil,&c.,afltforE'r'po
27,000
29,000
9,000
20,000
Stock in United States ports
146,466
221,723
232,570
150,627
StockinU. 8. Interior ports.. .
13,503
10,347
16,078
31,952
United States exports to-day..
300
1,000
2,000
.
Total visible 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
Ainei'ican
Liverpool stock
Continental stocks
—
American
afloat to
Europe
Total American
^ast liidian, Srazit,
Liverpool stock
Holi day..
689
381
807
806
698
Tues
.
United States stock
United States interior stocks..
United States exports to-day..
BALES.
SALES OF SPOT AND TRANSIT.
SPOT MARKET
Mon
.
Th. Frl. Th. Frl. Th. Frt.
Frt.
99,6
lb.
Strict Ordinary...
Middling....
91116
101,6
!09,6
1018,6
113,6
1138
119,6
12
9iil6
9»16
99l8
91o,6 91»16 101,6
107,6 107,8 10»16
1013,6 1013,6 lOlSi,
llhe lUie 113,6
11>4
11'4
1138
ll'ie ll'is 11»16
ll's
ll's
13
123,6 123,6 126,6
1211,6 1211i 1213,6
137,6 137,6 13«16
lb.
.
Good Ordiuaiy
Strict Good Ord...
Ordinary
101,6
109,6
101^,6
113,6
1138
110,6
Wed Taes JXred Xae« Wed Tnes
TneB
^
mon.
Sat.
9"l6
11^4
117,6
117e
123,6
1211,6
137 16
IflB
Middling Fair
Fair
Ordinary
mon
107j6
1013,6
11»4
Middling
Good Middling
TEXAS.
ORLE'NS
Sat.
lUlO
Low Mid
Strict Onliuary
N.
0%6
..
Good Ord.
Middling
Btrict
Mon
Sat.
. .
Ordiuarj-.
Strict
Mon
Sat.
lb.
Strict
Low
—
THE (CHRONICLE.
strength.
The
:
Tf.
Balep.
8,100. ..
2,200....
2,200. ..
...
....11-24
...11-26
....11-26
....11-27
....11-28
11-29
700
11-30
11-31
4,400
1132
38,600
For October.
600
1104
615,000
328,000
83,000
146,460
10.347
300
635,000
385,000
145,000
221,723
16,078
596,000
313,000
121,000
232,570
31,952
1,000
611,000
198,000
124,000
150,627
13,503
2,000
bale9.1,183,113 1,403,801 1,294,522 1,099,130
<ec.
—
Londonstock
Continental stocks
India afloat for Europe
Egyirt, Brazil, &c., afloat
67.000
12,250
78,000
201,000
9,000
1
346,000
40,000
79,000
347,000
20,000
425,000
48,250
120,500
403,000
27,000
436,000
107,750
185,750
601,000
29,000
Total East India, &o
Total American
467,250
832,000 1,023,750 1,359,500
1,183,113 1,403,801 1,294,522 1.099.130
Total visible supply
Price Mid. Upl., Liverpool
1,650,363 2,235,801 2,318,272 2,458,630
STjd.
7d
63Bd.
65i6d.
These figures indicate a decrease in the cotton in sight to-night
of 585,438 bales as compared with the same date of 1877, a
decrenne of 607,909 bales as compared with the corresponding date
of 1876, and a decrease of 808,267 bales as compared with 1875.
At the
iNTEiiion Ports the
movement— that
the receipts
for the
set out in detail in the following"
is
and shipments for the week, and stocks to-night, and
corresponding week of 1877— is
statement
.
:
THE
.lULT 18, 1878.1
Week
ondlijg Jiily 12, '78.
Stock.
Reooipto Sblpin'ts
13, '77.
Reootpts Blilpiu'tH Stock.
480
217
6
190
27
2,291
160
56(1
31
16
21
10
96
322
106
102
75
2,024
1,003
1,479
4,381
349
616
260
189
1,423
12
8,688
1,013
27li
Aiiiriistn, Oil..
CotiuuliuK, Uiv.
Miii'on, (iu
Week cndlUK July
(>^HR0N1CLE.
MiuliviUcTcuu..
126
29
82
26
843
166
Total, old ports.
1,547
2,763
10,347
693
2,226
10,078
15
38
iss
85
7
04
24
10
305
7
31
"25
10
38
130
71
123
36
301
534
M"Utstoiiicry,AlB
Bftiiia, Aliv
UcinpliiK, Ttmn..
Diillfts, Texiw
JcllVisiiii. Tux. ..
SIinnfiKPit, I-a ..
85
VirlcslmrK, Miss
ColiiiuliUH, Miss..
Eufaiilu, Ala
Giiffln,
"s
2
211
65
134
323
805
Cfii
Ga
Bom«, Oa
Atlnuta,
Charlotte, N.C...
Mo
O
St. Lotils,
Clucliuiatl,
71H
1,160
000
96
194
102
8S9
196
358
2
ibo
169
458
1,333
276
400
160
40
270
77
1
2,380
3,302
io:}
211
79
70
438
558
1,118
180
3
Total, new p'rts
1,675
2,361
7,686
1,251
Total, all...
3,222
5,124
18,033
1,944
078
832
251
I
1,551
280
200
3,380
0,052
2,708
12,919
5,024
28,907
show that the old interior stocks have
detremed during the week 1,210 bales, and are to-night 5,781
The receipts at the
Iwles lt»s than at the same period last year.
same towns have been 854 bales more than the same week last
The above
totals
year.
—
Referring to our remarks
In a previous issue for an explanation of this table, we now bring
tiie figures down one week later, closing to-night:
Receipt pbom the Plaih'ATIOSS.
Week
Har
3.
Receipts at the Forts.
1876.
08,008
1877.
16,560
1878.
31,196
Stock at Inter'r Ports Rec'ptsfromPlanl'ns
1876.
1877.
115,076 107,534
1878.
1876.
75,550
80,252
1877.
7,0-20
17.604
7,471
14,473
10,760
1S78.
••
10.
24,262 108,301
97,696
65,770
'•
17.
!6,4» 17.309
1»,9» 16,S88
17,666
a0,T97
99,966
86,-376
56,433
13,660
4,96S
•'
M.
16.330
12,147
19,738
98,916
79,009
46,305
9,230
4.7:0
13,810
9,660
18,280
87,711
67,786
39,085
8,^05
10,940
12,.180
8i,569
67,503
34,154
5,314
7,509
" 31.
*ine 7.
" 14
" M.
"
29.
July 5
"
IS.
Total.
10,4.i6
9,390
9.604
8,444;
8,M8
11,83!
76.054
53,154
29.315
1,929
3,171
6,392
10,493'
8,536
10,781
67,718
45,769
23,237
2,151
2,141
4,693
8,559
6,519
6,87!)
61,078
35,811
81,240
1,925
8,661
6,10i
5,949
57,865
33.077
19,675
5,44^
8,368
6,005
4,404
3,857
53,7.16
23,997
18,03^
1,816
1,324
3,645
135.196 115,440
168,614
88,106
33,843
94,83.5
4,832
4,.38)
This statement shows us that although the receipts at the ports
the past week were 5,287 bales, the actual from plantations
were only 3,645 bales, the balance being drawn from stocks at
the interior ports. La.st year the receipts from the plantations
for the same week were 1,334 bales, and for 1876 they were 1,876
bales.
—
Weather Reports by Tblegraph. 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
Iiave 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
most 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
v«ek.
Galvegton, TexM.
It has rained hard on five days of the week,
preventing work and endangering the crop from caterpillars.
The prospect is getting gloomy. Average thermometer 83, higliest 93 and lowest 73.
The rainfall has reached two inches and
seventy-two hundredths. There is a great demand for poisons.
Iiulianola, 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 sun.shine.
The thermometer has
•veraged 81, with an extreme range of 91 and 72, and the rainfall
has reached sixty-three hundredths of an inch,
Coriiicana, 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 growing 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.
Breakam, 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
—
—
—
—
—
;
of the poisons is prevented by the constant shuwera, and anlesR
dry weather sets in within a week there is apt to be disaHter. Tlie
tliermometer has av('raged 83, the highest being 94 and the
lowest 77.
Neil) Orleans, Louisiana.
It haa l)een showery three days thin
week, the rainfall reaching thirty-eight hundredths of an inch.
The tliennometer has averaged 83.
There has been a slight improvement
Shreveport, Louisiana.
in the cotton crop of this section over last week, although too
much rain has fallen. Creek Irattoms in uplands and low black
;,iads in river bottoms have suffered greatly in consequence of the
excessive rain. The com crop is very fine. Rains are generally
of a local character, but numerous. The thermometer has ranged
from 94 to Ti, averaging 84, and the rainfall has reached two
inches and sixty-four hundredths.
The thermometer has averaged 80 durVicksburg, Mississippi.
ing the week, the extreme range having been 71 and 97. It has
rained on two days, the rainfall reaching twenty hundredths of
an inch.
Columlms, Missisdppi. The thermometer has ranged from 77
It has rained on two days,
to 94 durine: the week, averaging 86.
the rainfall reaching one inch and twenty-seven hundredths.
Gra.ss is doing considerable damage to cotton in all low lands.
There has been rain on four days this
Little Rock, Arkansas.
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.
have had a rainfall of three inches and thirty-eight hundredths.
NashiUle, 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
been 73 and 90.
Memphis, Tennessee. It has rained on six days this week ending Wednesday, but it is now clear and hot. The rainfall has
been one inch and twenty-six hundredths. The thermometer has
averaged 82, the highest being 93 and the lowest 73.
Mobile, Alabama.
It has rained on five days, the balance of
the week having been fair. We are having too much rain for
The thermometer has
cotton, and caterpillars have appeared.
averaged 83, with a range of 96 and 75. The rainfall has been
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 complaint 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
—
—
—
—
—
We
—
—
BBCKIPT9 FBOJJ PLANTATIOII9.
•Bdlng-
45
—
—
—
promisingly.
have had rain this week on six days,
Madison, Florida.
the rainfall reaching two inches and fifty hundredths. The thermometer 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.
Caterpillars have certainly appeared in
Colitnibus, Georgia.
this vicinity, though the injury done is as yet limited. There has
been no rainfall during the week, but the weather is now threat-
—We
—
—
The thermometer has averaged 84.
Savannah, Georgia. It has rained here on three days, the
rainfall reaching two inches and thirteen hundredths, but the
The thermometer has averrest of the week has been pleasant.
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 eighteen hundredths of an inch. The crop is developing promisingly
and accounts are good. Average thermometer 85, highest 101,
and lowest 72.
The weather has been warm and
Charleston, South Carolina.
dry all the week. Average thermometer 83, highest 92 and
ening.
—
—
—
lowest 76.
The following statement we have also received by telegraph,
showing the height of the rivers at the points named at 3 o'clock
give last year's figures (July 12, 1877) for
July 11, 1878.
comparison
July 11, '78. Jnly 12, '77.
We
Feet. Inch.
New
Orleans
Memphis
Nashville
Shreveport
Vicksburg
Below hlgli-water mark
Above low-water mark...
Above low-water mark...
Above low-water mark...
Above low- water mark...
.
.
5
20
3
23
33
2
6
5
6
Feet. Inch.
4
5
21
3
9
5
3
2
17
38
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-lOths of a foot above
1871, or 10 feet above low-water mark at that point.
New
—
CosrPARATivE Port Receipts and Daily Crop Movement.
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
We have consequently added to our other standing
mouth.
tables a daily and monthly statement, that the reader may constantly have before him the data for seeing the exact relative
movement for the years named. First we give the receipts at
each port each day of the week ending ta-nigh*.
A
..
.
THE CHRONICLE.
46
PORT RECEIPTS FROM SATDRDAV, JULY
New
187
179
320
137
174
178
22
13
166
1,175
313
Sat.-
Mon
Tucs
Wed
Tliur
Fri.
nali.
leston.
bile.
we'k leans.
Tot'l
Char- Saran-
Mo-
Or-
of
—
;
23
89
6, 78,
TO FRIDAY
Wil-
Gal-
Nor-
ming-
All
folk.
ton.
otliers.
13
26
100
160
103
80
100
194
903
546
611
The movement each month
711
79
50,
3
138
314
238
18
144
374
319
1,226
296
105,
215;
15
40
6
100
JULY
vest'n.
37
154
135
295
108
174
20
.
6S
15
5
12, '78.
Total
[Vol,
840
930
1,013
796
674
1,034
5,287
yards to the pound, and weighed altogether about 2'2t),000,000 lbs.,
The shipments to India conseor, with the yarn, 258,00Cr,0O0 lbs.
quently represented 23 '2 per cent of the total quantity of yarn
spun, and 25-5 per cent of the piece goods manufactured. Assuming that the capital employed in producing the yarns and fabrics
exported to India represented 23-3 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:
Total capital
Employed in makits; goods'
employed.
Monthly
Sept'mh'r
October.
Novemb'r
Decemb'r
January
.
February.
March
Apv'A
.
.
.. ..
May
June
1875.
1876.
1877.
98,491
578,533
822,493
900,119
689,610
472,054
340,525
197,965
96,314
42,14
169,077
610,310
740,116
821,177
637,067
479,801
300,128
163,593
92,600
42,234
236,868
675,260
901,392
787,709
500,680
449,686
182,937
100,194
68,939
30,030
Looms
1.
1873.
1874.
134,376
536,908
676,295
759,036
444,032
383,324
251,433
133,598
81,780
56,010
115,255
355,323
576,103
811,668
702,168
482,688
332,703
173,986
127,346
59,501
1872.
184,744
444,003
530,153
524,975
569,430
462,552
309,307
218,879
173,693
72,602
Tot. Je.30 4,238,246 3,939,733 4,056,109 3,456,872 3,736,741 3,490,338
Perc'tage of tot. port
95-39
98-22
90-78
98-85
97o6
receipts Juno 30..!
This Btatement shows that up to July 1 the receipts at the
ports this year were 293,491 bales more than in 1876 and 182,137
bales more than at the same time in 1875. By adding to the
above totals to July 1 the daily receipts since that time, we shall
be able to reach an exact comparison for the different years^
1877-78.
1870-77.
1875-76.
1874-75.
1873-74.
"
4....
"
"
"
5....
6....
"
8....
848
367
914
849
761
1,163
'
S.
930
" 9....
" 10....
" 11....
1,013
"
1,034
8.
796
674
12....
486
543
630
1,073
S.
1,541
1,864
1,176
840
815
798
634
479
S.
2,518
1,009
2,067
1,184
668
780
656
452
3,045
S.
1,128
694
1,485
806
1,315
726
S.
961
3,684
3,851
3,572
3,890
2,272
1,456
679
872
S.
465
8.
3,201
1,289
1,505
1,006
1,782
1,323
8.
4,539
4,248
2,931
3,183
3,074
2,665
8.
Total.... 4,248,331 3,918,864 4,068,680 3,463,716 3,751,150 3,528,217
Percentag e of total
96-63
97-08
99-10
98-61
97-79
port rec elpts
This statement shows that the receipts since Sept. 1 up to
to night are now 293,687 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 13 in each of the years named.
Balk op New Cotton. We should have added last week
that the bale of new cotton mentioned as having arrived in New
York from Cameron County, Texas, passed through New Orleans
June 30. The first arrival of Texas cotton at New Orleans last
—
year was July
Bombay
10.
vs.
Manchester. — The Liverpool Post has published
by the strike of
the cotton mill hands against the 10 per cent reduction in wages.
Jn its issue of June 21 is an analysis and comparison of the cost
some very
interesting articles of late, suggested
of manufacture in India and Manchester.
was
Floating
£92,166,000
Total
7,600,0.0
£-22,200,100
" 250
"
Of course the
article
written with the object of illustrating the necessity for lower
if the Manchester spinner would continue
compete with the Bombay spinner for the India trade. The
figures, however, have a -wider application, and will be of interest
to our readers.
At the close of 1874 there were about 37,500,000 spindles at
work in Great Britain. In 1877 there were about 39,500,C'00.
"wages in Great Britain,
to
The average
for the three years was about 38,500,000.
The numbef 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,
The average cost of building a
is about £1 6s. per spindle.
weaving shed, including machinery, is about £26 per loom. The
floating capital employed by spinners and manufacturers is generThe total capital, fixed and
ally estimated at about £30,000,000.
floating, employed in tlie years named would, therefore, be as
—
follows;
Spindles, 88..^00,000. at2fti. each
Loom?, 466,000. at £i6 each
Floating capital
Total
£0.050,000
1211fi,000
30,(00,000
£9-^166,000
of cotton spun per annum in the three
years was about 1,259,000,000 lbs., and the average loss in spinning 149,000,000 lbs. The weight of varn produced, therefore
was 1,110,000,000 lbs. Of this quajjtiV, about 323,000,000 lbs
The average weight
"
2-1-1
The production of the 258,000,000 lbs. of yarns and goods
exported to India would require 291,000,000 lbs. of cotton, the
per cent. The average price of
loss in weight being about 1 1
the cotton spun in 1874-76 was 6 15-16d. The cost of 291,000,000
The amount paid in wages
lbs. would, therefore, be £8,111,718.
would be lid per lb. for spinning 291,000,000 lbs. of cotton, and
lid. per lb. for weaving y26,OOU,000 lbs. of yarn, or a total of
Sundry exjienses, coal, gas, oil, rates, &c., would be
£2,692,708.
l^d. per lb. on the cotton spun, and Id. per lb. on the yarn
.J
The wear and tear of machinwoven, or a total of £-3,305, 7^29.
ery we estimate at 6 per cent on £14,700,000, or £;82,000 and
the interest on capital at 5 percent on £32,200,000— 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,
would be as follows
£8,411,713
Cost of CO' ton conenm£d
;
:
Amount paid in wages
Pail in sundry expenses
2.69-3,708
A
2,3 5,7-i9
Wear and
tear of machinery
Interest of capital
83-2,000
1,110,000
£13.40-!,155
Total
948
970
7....
]8,;i6,0C0
SO,000,COO
1872-73.
Tot.Je.30. 4,238,246 3,939,755 4,056,109 3,456,872 3,736,741 3,490,338
Julyl....
" 2....
" 3....
sent to India,
£11,611,000 or 23-2 per cent.
"
3,(89.000 •' 35-5
£50,050,000
Spindle?
Keceipts.
1
were exported in yarn, leaving 887,000,000 lbs. for conversion;
The export to British India, exclusive of Ceylon and
into goods.
the Straits Settlements, consisted of 33,000,000 lbs. of yarn and
1,133,000,000 yards of piece goods. The latter averaged about five
since Sept. 1 has been as follows:
Year Beginning September
XXVn.
This estimate cannot be far astray, as the average value of the
}arns and goods exported to India in the three years was, according 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
On this basis the capital employed would compare
both places.
as follows
:
England.
Spindles
,
Looms
Floating
The wear and
India.
£11,611,0.0
£-i3,-.2-!,C00
3,089,000
7,6CO,000
6,178,000
7,500,000
$32,200,000
£:36,9i)0,0OO
machinery is mostly estimated at ten per
cent per annum. This on £39,400,000 would be £2,940,000. The
interest on capital would be taken at 8 per cent, or a total of
tear of
The average price of DhoUerah during the three
£3,953,000.
years was 1G8| rupees per candy. The average rate of exchange
was Is. 9 7-16d. The average price per pound was, therefore,
The local expenses would be l-16d. per lb., bringing the
4|d.
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 £6,132,813.
The amount paid in wages, on the English basis of lid per lb.,
on 314,000,000 lbs. of cotton spun, and 226,000,000 lbs. of yarn
woven (i.e., the equivalent of the imports from England), would
be £'3,812,500. 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 £3,179,687, against £3,813,500. The sundry
expenses on the English basis of l^d. per 314,000,000 lbs. of cotton spun, and^336, 000,00* lbs. of yarn woven would be £3,413,541.
The cost in Bombay would probably be about 15 per cent more
than this; say a total of £3,775,571.
The cost of producing the yarns and ^oods exported to India, if
made in Bombay, would, according to the foregoing computations,
be as follows;
Cost of cottm consumed
Amount paid in weges
£6,132,fl2
2.179,637
2,775,571
sundry expenses
Wear and tear of machinery
Prtid in
2,940, COO
Interest of capital
2,952,000
Total
£16,98O,0TO
This computation
we have
is
based upon the highest estimates 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
received.
and shipping expenses to India, and about £700,000 for import
duties; ^ve then get the following total, compared with the cost in
Bombay
Cost in England, as abova
Add 15 per cent for freight,
Add import duties
£15,402,155
&c
Total cost in India
Cost of production in Bombay, as above
Balance In favor of
Bnmbsy
2,30-i,823
700,C00
.
—
£18,404,978
16,950,070
£1,4'24,908
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.
;
.
JULT
THE (CHRONICLE.
18, 1878,]
DKTAir.ED Cotton Exchan(ik Aciieaoe Uepoiits for July
la full, the Cotton KxcUauge Acreiige Reports
for July 1.
1.
— \V« give below,
Norfolk Dppartiiient.
D
Roiintreo,
a. Unynoldi-, Chairman ; W.
anl K. P. Barrjr, Cumniltinoon Infornmion anil Stallatlcs) Nwiottho folUnvIng
roport. covoriiia Iho SlnU<^ Virni'iia and tin- followinj; CounlltJi Irt NoHH
Viviiina: Uutliorfurd. Lincoln, Catawba, Rowan, Davidson, Iredell, Burke,
The Norfolk Cotton
Kichaiiffo
(II.
Aleiandor, Davie, Kornvlho, Yadkin, Stukos, Surrey,
Peruon, Granville, Warren, Franklin, Niii>h, Wako,
H Ml.', I'll I, Oreen, Cartarot, Craven, Bi^anfort, Tj'rrel, Wanliiniiton, Martin,
Itiriu'. chiwan, Paaqnutank, Camden, Currituck, (iates, Hertford, Northampton and Halifax.
WilkiK.
Ciililwell,
Caswell,
Ri.ikiiii;!i:iin,
North
Ciiroliiia
and Virginia.— 38
replies
(rem 33 counties.
;
Department
cover* the StaU <^ South Cwniina, and Is prepared and issncd by the
'Charleston Cotton Bxchanee, through their Committee on Information and
Btatletics, composed of Robert D. Muro, Chairman, L. J. Walker, and A. W.
T»ft.
Sontll Carolina. — Condensed frotn 75 replies from 23 counties.
The
June
generally reported too cool and In several counties
month was all that ctmld bo 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,
thongh a severe hiil-storm prevailed in severalcounties 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 sixcy-four
letter than la.'t year, and about ten days earlier by seven about the same,
and by four not as good. Seven report the cotton on sandy lauds dying from
a disease called sore-shin, and four report damage from cut-worms and lice.
The reports upon tlie whole are very favorab e for a good crop.
early part of
t03 wet.
The
is
la'tcr part of the
;
Sarannali Department.
This report covers the Slalt of Oeorgta and the Stale of Florida. The report
prepared and issued by the Savannah Cotton Exchange, thron^'h their
Committee on Information aud Statistics, composed of J. II. Johnston,
Clavlns Phillips, J, J. Wilder, L. G. Young and K. M Oppenheliter.
Georgia. 110 replies from 58 countiH.",
The weather in some sections has been the past month all that could be
desired. In portions, howevtr, there are complaints of too much rain. On
thewh>le. the se.isjn has been more f,ivorable than !ast year No damage
has yet resulted from the ra ns, only the grass and the plant L'row off rather too
laxniiantl)-. There has been no increase or decrease in the lanils panted in
cotton since last report. The stinds arc good and i\k plants blooming and
fruiting well. The condition of the cr .p is go .d aud more promisluf; than at
is
—
tbis date last year. The plant ia more forward, the cultivation better
prospect of a g< od yield more chiiring than last year.
Florida.—27
The weather
localiiier
work
and the
from 12 counties.
been seasonable, with perhaps too much rain in certain
resulted therefrom, however, beyond making the
replies
lias
Nodamigehas
harder to clear the fields of grass.
The area
of land planted in cot;on
remains ab >ut the sirae as in the last report. The stands are reported good
and the plant blooming and fruiting well. The cro3 is in fine condition and
looks better Dan at tliis pe lod last year— more forward and better cultivated.
In the Sea Island district the condition of the plant is belter than at this time
last year, though not bo fortvard
Mobile Department
covers the 8laU of Alabama as far north «s the summit of the Sand
IjLoanxsXiif.AaA the following countieg in JfiisisHpiii Wayne, Clarke, Jasper,
Lauderdale, Newton, Kemper, Nesholso, Noxubee, Winston, Lowndes
Oktibiba, Colfax, Monroe. Ch'Icasaw, Itawamba, Leo, Pontotoc, Prentiss",
Alcorn and Tishamingo. The report is prepared and issued by the Mobile
Cotton ExchSLge, through ticir Committee on Information and Statistics, composed of T. K. Irwin, chairman, Julms Buttuer, A. M. WUlmarth. J
C. Bash and S. Uaas.
.-
Alabama. — 97
replies from 45 counties.
chiracter of the weither since June I is reported by twentyt to coungood 1 1 very favorable ; twenty-three counties report too much rain. As
compared with last year, suven counties report the weather favorable, twentyseven more favorable and eleven less favorable, the iatti-r being black land
counties. Thirty-two c lunties report no change in acreage, arid thirteen a
slight decrease since June 1, owing to excessive rain". Stands are reported
eood, and blooming aud forming well in twenty-eight coantie. ; to'er»ble to
The
ties
fair in seventeen counties. The present condition of the crop is reported
good ia thirly-sli counties, in five fair, andjnot good in focr counties. Compared with last year, twenty-seven counties leport the condition of the crops
better, ten counties the same and eight counties not so good.
—
Mississippi. 1-1 replies from 19 counties.
The weather during June is reported as follows: One county
eighteen count ea too much rain. As compared with the same
favorable
period last
Orleans Department
covers that part of the Stale of Mmiuipin not apoorlioned
to tho Memphis
and Mobile Cjtton Exchanges; the entire StaU
qf Louwiana and the State
""' Arkansas River.
The
report
is
,?',
prepared and
f L'^'^^Vf;, 'S""*
°"'"'° Exchange, through their cinimittce on
rnforlXi^'.^H^aP^
"J"' composed
Information
and Statistics,
of Wm. A. Gwyn, Chairman, L. P
Bcrj„ Jesse s. Flower Jo,inM.\Vither8poon, Cyrus Bussey,
Jules
Mazsrat
<.» maiviai,,
Otto Hcyn, J. M. Frankenbmh, R. L. Moore.
Louisiana.-90
replies
from 3G parishes.
'''''°" ""?
T"'"'*'"'
same as last
year;
'*" favorable; twcnty-eight more favoraVe
two report an Increa-e in acreage since last
5 per cent respectively; twenty-six report a decrease of 2 to
"*? abandonment of crcps in low lands, which were
H,^S.„.j out
Vk'"""'^
drowned
by excessive ruins, and sixty-two report the acre ge the same as
"-'""'
^O"'!"'"" of the crop worse; thirty-four
7,
^M,V, I,1S"IL\
'"• f'"- S'""'l» «'•<' reported ner good by
fwl^.i„„^* i'l'^'i'"""""
twenty-one.
1 o:hera report fair t) good
itands. blooming atd forming
.-,^'iL^;,''.1[''
fS^i
repo.
f^f^
of two and
t
"?
A
"
some
Mississippi.— 120
rop'>rts
from 82 countlea.
One hundrid and
eight complain of vary bearjr rains dnrlog tho greater part
of the
ii.th ; ciglity-nlne rep >rt the weather less favor ible than daring the
same time last year; thiitoin the same, and eighteen more favorable ; eightyon^ rep >rt that rains have prevented cultivation of the crop, causing serloat
dimngu and loss forty-nine ropart 3 to IS p ir cent of their crops abandoned.
No Increase of acreage la reported sixty six report stands not go id and not
fruiting well. In cons qii'^M'w of too much rain aid. In some cases, bad seed
thirty-four report slants fair and good ninety answer that tho preient condition 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 complaining of rust and blignt, causing the cotton to stop growing twenty-nlno
report the candltion tho simo as, and 14 bettor, than last year.
m
;
;
;
Arkansas.—33
replloii
from 19 counties.
Thrty
live complain of too mnch rain; thiity-two state that the weather
has been less favorable than last year ; thre? the same, and three more favorable. Thirty roiiort that rains have prevented cultivation of the crop, twenty-
seven state that from i to 15 per cent of the crop has been abandoned In consequence 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, bring grassy and much of it aff-iclrd with rust;
tliirteen state the crop is In from fair to good condition; Vwenty-three report
the condition worse than last year; eleven the same, ani'four better than in
June, 187". There ia a slight decrease In acreage In this State as compared
wi h last year, owing to abandonment of portions of the crop.
GalTeston Department
covers the State of Texoi, and was prepared and issued by the Galveston Cotton
Exchange, through their Committee on Information and Statistics, composed
I. Anderson, Charles Vidor and
H. Dreier.
of .John Focke, Chairman, J. M. King, H.
Texas.
— 104 replies from 66 counties.
weather since June 1 has been favorable in twenty-sir
counties and uiifavorabie in forty; it has been more favorable in forty-three
and less favorable in twenty-three counties, as comparel with that of the
sam^ period last year. Continned rains have prevented cultivation in many
counties, one county reporting 50 per cfnt less, five counties 33 1-3 per cent,
two counties 23 per cent, five counties 29 per cent and nine c^nntles 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
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 coiipared with last year the condition is better in
thirty-seven counties, the same in ten and not so good in nineteen. Al}undant rains have fallen in coast and western counties. Crops, however, are
doicg well, being earlier than 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 arc in gra-is 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.
The
chara'itor of the
Nashville Department
covers IHddle Tennefsee east of the Tennessee River, and the following
Counties of ^^^Aama;— Lauderdale, Franklin, Colbert, Lawrence, Morgan,
Ltimestone, Madison, Marshall, Jackson, DeIiHll> and Cherokee. The report ia
prepared and issued by the Nashville Cotton Exchange, through their Committee on Statistics and Information.
Middle Tennessee.— 23
replies.
en say too much rain and cool weather ; reven say too mnch rain first half
of the month, since favorable ; six siy weather very favorab'e. Tiiirteen say
weather less favorable; five say weather mo e favorable; five say about same as
last year.
Bighteet say rains have not prevented culfivaiion; five say little, if
any. prevention. Eleven say aVout tame area planted as la t year; six say
about 50 per cent dec- ease more wheat and corn planted fix say is per cent
decrease more "-heat and corn planted. Thirteen sav sund good, blooming
and forming well; ten say stands not very good. Thirteen say condition very
good; ten say not very good. Six say co dition more favorable than last
yea*"; seven s.ay about same as last year; ten say not so good as last year.
I
—
—
;
North Alabama. — 29
replies
from 11 counties.
Seventeen say too much rain, with rool nights, to the 15th of June; since
then, warm and dry; 12 sav very favorable. Fourteen eay weather more favorable; eleven say less favorable; four say about same as last year. Twentythree say rains have not prevented cu.tivation; two eay prevented cultivation
of one-third the cr p; foiir say one flfih the crop. Twenty-sir eay about same
area planted as last year; three say 2 per cent less in cotton; more wheat
and corn. Twenty say stand good, plant blooming and forming well; nine
say stand not go.->i. Twenty say cotton very clean and looking well; three
say cotton lookingbetter than for years pa-t; six say not very good, small for
the season. Fifteen ssy condition much better than iact year; seven say
about same as last year; seven eay not so good as last year.
Memphis Department
covers the State of Tennessee, west of the Tennessee River, and the /Wlowing 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
L. Ilanancr, J. N. Falls, A. M. Agelasto, Jas.
of Sam. M. Gates, Chairman
S. Day, R. F. Phillips, W. F. Taylor.
;
•
year, three counties report the weather more favorable and sixteen less
so
There has been no Ecreage planted since June 1 in any of the nineteen counties, but thirtees countie! repart an average of Ifl per cent of
lands aljaodoned
»y reason of ejceesive rains, one county reporting as much as S3 per rent and
three as low ass per cent. Cot'on stands are r-port-d from six counties
as
good and blooming and forming well; one county stands good, no bloom- but
forming well; five count! s stands fair, blooming and forming bett-r on
uplands than low lands ; seven c unties stands imperfect to pjor, not blooming or forming well. The present condition of the crop is reported
by eliven
conniifK not good, and grassy; and by eight counties from fair
to good
A«
compared with last y ar, seven counties report the condition the same
three
better aud nine not so good.
New
Many complain lha>. the cotton Is growing ton maeb to weed, with
rust.
Heavy rains have Ipjnred the crop, and the prospect la not a«
favorable as at this date last year.
well.
;
Fi -0 rt i>ort the weather In .June a» cool and thirty-three cold and Io*» favorable tiian laet year. Three report that the rains slightly interfered with culilvatlon and ihlrty-flvo report no interrupllon. Seventeen report a decrease In
laniis planted, owIdk to Ita havln;; been plowed up and put in corn because of
the poor stand. Six report the stands fair, but few forms, and tbirty-two
report the stands poor and very few forms. Sixteen report the present conditwenty-two report the coualtion bad and
tion sood, but the plant very small
the plant small. All say that the condition Is not so favorable and from ten
>
we«lher for tha first three wieks was
days
latter
than
la't
year.
The
flhocn
t
cold and unfavorable, but the,laet Tew days It has been more, favorable and the
condition has sonaewhal Improved.
Cliarieston
47
We
have not received as yet a copy of tie Memphis report by
mail. The following is a summary received by telegraph:
This report has been compiled from one hundred and thirty-seven If Iters,
of the average date of Ju'y I forty of which are from West Tooneesee, thirtynine from North Mlssi'sippi, forty-eight from Arkansas north of the Arkinsaa
River, and ten from North A'abama.
Since the close of June it has rained every day in this region. The weather
Such weather seriously increases complaints In
has been warm or Bult-y.
regard to excessive growth and consequent shedding of forms; also of rust,
and
woi-ds
in crops lacking cultivation.
of
grass
Clear, warm
growth
and
weather prevails to day, whxh, if contiuuid a week, will place all crops in a
;
favoranie condition.
Oar region of country may be congratulated on tho proml-c of an abundant
harvest in all crops except wheat, w liich has been seriously cut ofl" by rust.
The merale of labor, as shown by our lei^orc, is of the most gratifying
nature.
Out of an aggregate ol one hundred and twenty-seven responses sixty-two
report the weather for June very favorable, thirty-thrre moderately favorable,
thirty-two unfavorable, thirty cool nights, and one too mnch rain.
Eighty-six re;iort that the weath- r up to July. 1 was mnch more favorable
than'for the same period in 1877, fifteen about the same, thirty-one Use favorable, seventy-three warmer, elph'y less rain, and Iblrty-tn'j more rain. Fifteen
report from 1 to 10 per cent of cotton acreage abandoned (»n account of exceaslve rains, grass and weeds, one bund ed and twelve U' ne making the average
planted in Jnn-.*.
)4 per cent of the crop. All report no cotton
Thirteen report stands nivcr better, eithy-.tur very good, twenty-seven
moderately good, ten not good, eighty-eight t. imlng and bIoom!ng very well,
ihirly raoderatelv well, eighty-one not w. II. Th ry-thrcc report the condition of the cotton crop never belt- 1, llfry-one very g'od, twenty-nice moderEighty-two report the
ately good, fourteen poor and badly cultivated.
condition of the crops much belter than in lii.7, twcnty-flre atoat the tame,
and twen y not to go 3d.
—
:
THE CHRONICLE.
-4S
[Vol.
XXVIL
—
Beiow we give all news received to date of disasters to Teasels
According to our cable deapatcli received
have been 9,000 bales shipped from Bombay to carrying cotton from United States ports, etc.:
Pall Elver June 25th, had
Great Britain the past week and 13,000 bales to the Continent; Eedowa, brig, from New Orleans, which arrived at there,
July 8nd. It was
not discharged the cotton to be delivered
while the receipts at Bombay during this weeli have been 5,000
reported that the consignees there made a claim against the vessel for
The movement since the Ist of January is as follows.
bales.
deviation and detention of the voyage to that port, and the owners of
the brlK admitted their liablllly and would pay for the cotton jittlsoned,
These are the figures of W. Nicol & Co. of Bombay, and are
but would concede to no further claim of detention or damage.
brought down to Thursday, July 11:
^
Cotton freights the past week have been as follows:
Receipts.
Shipments since Jan. 1.
iSliipnients this week
^Hambarg-,
Bremen.
Havre.
Liverpool.
Bombay SaiPMKNTS.
to day, there
,
Total. Britain.
ncut.
Brit'u.
This
Continent.
Total.
Since
Jan. 1.
Weelf.
Steam.
828,000
9,000 269.000 362,000 631,000 5.000
1878 9,000
1877 4,000 2,000 6,000 358,000 395,000 753,000 3,000 978,000
1876 4,000 9,000 13,000 .329,000 337,000 806,000 4,000 974,000
From the foregoing it would appear that, compared with last
year, there has been an increase of 3,000 bales in the week's shipments from Bombay to Europe, and that the total movement
since January 1 shows a decrease in shipments of 122,000 bales,
compared with the corresponding period of 1877.
Gdnny Bags, Baggiitg, Etc.— Bagging has continued to rule
quiet in a large way, and we have no transactions of moment to
The demand for small parcels is still good, and the
report.
inquiry is becoming more active. There is eyery indication of a
firmer market ere long, and holders are not disposed to accept
anything under quoted figures, which are 10i@10fc. for 2 lb. and
lli@il|c. for 2J lb., with very little to be obtained at the lower
figure.
Butts are ruling quiet, with no improvement in the
demand. Ths only trade doing is for 50 @ 100 bale parcels, for
which 2 ll-16@2|c., cash and time, is paid. A round parcel might
be had a shade less.
The Exports of 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,
xport*otOotton(balea) from New VorK since Sept. Ii 18TT
yrexs.
Same
BNDiNa
ZFOBTSS TO
June
19.
Liverpool
2,947
Other British Ports.
June
July
vJti.
3.
484
July
10
13
2,081
Total
to
period
prev'uf
date.
year.
314437
331,673
6,688
35,l:j4
3,069
8.917
Havre
3,663
2,081
167
3,300
13
330,119
367,007
9,102
9,033
115
Other French ports.
187
Bremen and Hanover.
900
700
30O
80O
Hambarg
Other ports
a'667
Total to N. Europe.
%, cp.
Ji cp.
cp.
cp.
—©!,'
®!4
X
X
7,107
800
S,967
week
Forwarded
American
Of which exporters took
Of which speculators took..
—
Total stock
Of which American
Tot.il
import of the week
Of which American
Actual export
Amount afloat
Of which American
The following
table
21.
June
43,000
6,000
35,000
4,000
8,000
837,000
668,000
29,000
23,000
7,000
217,000
86,000
bales.
Sales
wiU show the
Saturd'y.
Spot.
Mid. Upl'ds ...®65i6
Mid. Orl'ns. ...®6>s
July
28.
5.
51,000
3,000
42,000
2,000
7,000
800,000
627,000
30,000
16,000
3,000
203,000
78,000
36,000
4,000
29,000
2,000
3,000
818,000
649,000
21,000
14,000
6,000
212,000
84,000
—
July 12.
70,000
4,000
53,000
2,000
10,000
782,000
615,000
48,000
38.000
4,000
168.000
44,000
daily closing prices of cotton for the
Monday. Tuesday. Wcdn'sdy Thursd'y Friday.
...®66i6
..-®6>fl
...®65i6 ...®66ia
...®6J3
...®6l2
Futures.
Tliese sales are on the basis of Uplands,
...®6%
...®6»8
...®69i6
...®6fli6
,
.
,
Low Middling
clause, unless
otherwise stated.
d.
Delivery.
July.
.6Bie
661,.
July- Aug
I
I
I
Delivery.
Scpt.-Oct
Nov.-Dec
6U32 Oct.-Nov.
Shipments,
d.
61333
6»is
24,078
Nov.-Dec
QH
saU
Nov.-Dec.,n. crop,
.QH
65].
. .
.
6,687
403,';
6.061
,
H«W TOBK.
PHILADBLP'IA
BALTIMOHK
Since
Sept.
1,393
654
1
This Since This Since
week. Septl. week. Septl.
19,148
8,310
30,389
3.246
8.792
197,337
84,001
114,388
Mobile
5',t90
17'
318
85
17
400
Foreign..
Aug.-Sept
Aug.-Sept
106,531
51,914
162.055
13,987
143,401
6,006
100
16
693
19^799
19,153
43,784
Sept.-Oct
63e
6I332
6%
Nov.-Dec
Qfiii
Delivery.
6II32
6II32
Aug.-Sept
6%
67,8
6%
Sept. Oct
178
2,701 337,709
856
Delivery.
Aug.-Sept
Sept.-Oct
Nov.-Dec
Feb.-Mar
919,310
Delivery.
6I332
6II32
61^32
6»32
909,157
5,231 338,
Shipment.
Oct.-Nov., n, crop,
sail
6832
Delivery.
Delitery.
6%
6%
61332
Aug.-Sept. . . .67io®i332
Aug.-Sept
61331
Oct.-Nov
Sept.-Oct
67ia
Dec-Jan
Delivery.
Sept.-Oct. ...6i532®7ie
Oct.-Nov
67,8
Nov.-Dec
1,.366
6%
Delivery.
Mar.-Apr
July
—
Bhippinq Nkws. The exports of cotton from thfc United
States the past week, as per" latest mail returns, have reached
So far as the Southern ports are concerned, these
9,482 bales.
are the same exports reported by telegraph, and published in
The C^hboniclk, last Friday. With regard to New York, we
include the manifests of all TesBels cleared up to Wednesday
night of this week.
Total baes.
Nbw York—To Liverpool, per steamers Britannic, 13
To Bremen, ()cr steamers Stratsbnrg, 100
Main 100
New Orlbans—To Liverpool, per steamer Jamaican, 1,006.... per
13
200
ship
Adorns, 5,721
6,727
786
483
710
284..
.Pem-
broke, 60
FfiiLADBLFHiA— To Liverpool, per Steamer Lord cure,
415
169
169
Total
9,482
The particulars of these shipmeuts, arranged
in oar nsnal form,
as follows
Liverpool.
NewTork..,
13
6,727
Hew
Havre,
Bremen.
Yera Cruz.
200
463
785
7io
415
.„
Boston
Philadelphia
169
.
8,031
186
»J0
lis
d.
6Bjg
6%
M
,
July
Vl, 13T8.
146,103
1,098 120,330
!,332
To Havre, per bark Vauban, 185
To Vera Crnz. per steamer City of New York, 463
Baltihobe—To Liverpool, per steamer Nova Scotian, 710
Boston— To Liverpool, per steamers Atlas, 71 ...Iberian,
6*16
BREADSTUFFS.
42,476
1,196
638
July
Friday.
has been active throughout the past week,
and prices slightly improved. There was a scarcity of lines of
common 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
The market
6,930
67]8
Jime, sail
Friday. P.
5,108
6II32
Shipment.
Thdksday.
Delivery.
1,908 103,791
343 109,317
Delivery.
Oct.-Nov
Delivery.
59',862
65i8
Delitery.
6016
6II32
July
July-Aug
July-Aug
914
174
55,727
July
sail
Wednesday.
JiUy
July-Aug
557
Oct.-Nov., n. crop,
Tuesday.
This Since
week. Sept 1
4,660
24,258
678
65,8
6i3i6
61I32
661a
Delivery.
July-Aug
bioi'tb raoM
8,218
6%
63
The following are the receipts of cotton at New York, Boston,
Philadelphia and Baltimore for the past week, and since Sept. 1 '77:
This
week.
July
.61132®% Sept.-Oct
Sept.-Oct
10,064
Shipment.
Delivery.
Delivery.
Aug.-Sept
Oct.-Nov
8,69,1
&c..
d.
Oct. -Nov., n.crop,
Monday.
July-Aug
Grand Total
Total.
—
—
week:
44,910.
Total Spain,
Orleans
Baltimore
—
Liverof which
June
Sales of the
July-Aug
3.640
ftre
comp.
comp.
comp.
comp.
comp.
of the day were 12,000 bales,
2,000 bales were for export and speculation. Of to-day's sales
The weekly movement is given as
8,400 bales were American.
follows:
15,029
i.S78
6,171
8,398
Total last year,
a X
M X
11-16 comp.
11-16 comp.
—(a 'f
—@ii
LlVEKPOOL, July
pool.— Estimated sales
20,718
4,986
19,806
All others
Total this year
Sail.
c.
c.
11-16 comp. >i
K
—®H
—@Ji 11-16 comp. % %
Ji
Ji cp. —©K 11-16 comp X
12—5 P. M.— Br Cable from
Friday....
Aug.-Sept
75J
North'm Ports
Tennessee, &c
15-64 comp.
15-64 comp.
15-64 comp.
15-64 comp.
16-61 comp.
—@^
@«
Thursday —
9,0.38
2,393
Florida
B'th Carolina
IT th Carolina.
Virginia
Steam.
Holiday
Saturday
Monday.. --®ii
•
Tuesday.
—
Wed'day.
9,217
pain.Oporto&GlbralUirJbc
Texas
Savannah
,
Sail.
c.
c.
c.
sail.
Total French..
Orleans..
—
,
Steam.
Sail.
c.
Saturday.
Total to Gt. Britain
New
Steam.
Sail.
d.
d.
,
.
.
.
Great
— —
—
[
|
Great Conti-
9,48^
for flour
The local trade,
Indies and South America, at $5@5 20.
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 $3 10.
To-day, the market was fairly active for export, and very firm,
but not quotably higher.
The wheat market was stronger. There was something of a
"corner" on winter wheats for immediate and July delivery,
which was seen on Wednesday in sales of No. 3 at |1 09 for
No. 2 spring
July,':f 1 03 for August, and $1 Oli for September.
was in good demand at $1 03@1 04 on the spot and for July, but
The advance does not seem to
it sold at 94@95c. for September.
have been caused, however, so much by change in the position as
by the determination of holders to refuse to accept the low prices
of the previous fortnight; but more recently an impulse was
given to speculation by bad weather in the Northwest, and yes-
West
«
.
JULT
;
THE CHRONICLE.
13, 1878.]
terday No. 2 springy for September sold at gOJC^O^c., and No. 2
red winter for August at fl 00. To-day, the market was firmer,
but dull No. 3 red winter sold for July at |1 Vii No. 1 spring
;
on the
;
spot,
Indian corn has been active and advancing. The improvement
seems to have been caused wholly by the urgency of buyersYesterday, in the business for fulur* delivery, the sales embraced
steamer mixed at 4(J}c. for July and47Jc. for September, and No-
2 at 49io. for August and 49(249 Jc. for September. To.day, the
market was slightly depressed.
There has been a Urge business in rye at 60a61c. for No. 3
Western, spot and July, and SGJo. for August, closing strong,
with Canada, in bond, held at G7c. This afternoon 24,000 bushels
No. 3 Western sold for August at 59e.
Oats have been active and buoyant. Yesterday, No. 3 Chicago
and Milwaukee sold at 35c. a rfcent advance of 4c. per bushel.
To-day, the market was irregular, with No. 2 graded quoted at
—
844c. for
mixed and
.35Jc.
for white.
The following
bbls.
43,910
6,161
8
4
Xxtr* Stite, &c
Western Soring Wheat
XXX
do winter X and XX...
do Minne-^ota pttents.
4
4
4
5
40%
09®
00®
No.
3 S5
4 'U
4 80
40^6
1
spring
1
1
Corn— West'n mixed
.
.
do steam<!r grade.
00
10®
99
07
1
IJ
15®
42®
1
46){0
Smthern yellow
48®
Southern while
7 50
53®
5 ii Rye— Western
4
59®
City !!)ill>plugextr.i3
St»te
City tradK and fsmi'r
63a
brands
5 25® 5 85 Oati— Mixed
32®
White
Santhero bskcre' and fa34®
4 S3@ 6 « Barley— Canada West
milyVands.
77®
State, -i-rowed
Boathern Bblpp'gexiraa. 4 40.0 4 7i
68®
i 50^ 3 30
State, 4 rowed
I^e Hour, superflae
68®
Western feeding
Com meal— wcscern,&c. 3 OOJ i 4')
40®
Corn meal— Br'wine, &c. 8 75® 2 80 Peas— Canada bond&free
75®
The movement in breadstuffs at this market has been
15®
50^
10®
6 00
21
48
41
50
55
62
-1878.-
Since
Jan. 1.
Same
time
1877.
2,03I,19S !,3'0339
3,361
104,(81
131,830
5:0,831 24,010,673 2,578,115
9)1,311 17,868,657 12,316,-28:;
26,019 1,85-J,:<31
331,712
»lll,«16 •2.452,4i5 •1,8SI,3'13
480,837 6,915,835 4,8-24,951
51,8C0
-
-1873.
For the
w
-ek.
,
Since
Jan.l.
42 167 1.298,24J
3.031
113,013
63i.48) 2!,')7-,ll7
700,512 14,321,767
week.
week.
.
Throe weeks
From New
Corn,
Oali,
bash.
bosh.
lOt.TM
Rye,
ba>h.
Paas,
88,300
20,t8t
6)0
81,60;
6-1,695
II5,»I»
39«,57«
20,081
1,660
14,932
189,144
814,54'i
'm6
6,65)
67,161
010,089
79,72!)
l,3-,4..5.57
1.513,679
1,960,516
1,960.635
8,288.8U3
125.310
155,663
51,870
220,905
67,850
95.841
109,170
56,390
1,076.279
ago....
69.1527
1,186.92)
Orleans— 3,621 bbls. flour
hub.
(0,«W
3,800 bush, wheat
;
S7,74T
77,»-a8
61,481
15,430
146,im
26,698 bnsh. floor.
12it,S59
The Visible Supply of Grain,
comprising the stocks in
granary at the principal points of accamulation at lake and
seaboard ports, and in transit by lake. Canal and rail, July 6,
was as follows
1878,
In Storb
:
Wheat,
at—
bush.
New York
Corn,
bush.
Oat»,
ba-h.
663,075
10,600
25,878
61.893
32,079
Chicago
•2)9.836
720,784
18,000
3)1,979
531.979
Milwaukee
33,298
8,-245
1,591,133
Albany
800
Buftalo
18,018
Barley,
bosh.
Hjre,
bosh.
174,0C0
138,.352
4 ',500
23,000
39,200
23.065
294 860
9,517
.371,614
2,9-83
M91
68,510
93,836
80.000
60,511
Oswego*
Louis
Boston
Toronto
Montreal
St.
.'.
37, .593
,
180,503
163,593
16,670
919
,
5,601
48,08)
151,201
212,150
.
Philadelphia
Peoria
Indi nnpoiis
Kansas City
Baltimore
week
RlII (Shipments,
86
Luke sbipmentH, week.
On
572,110
643,000
canal (6th)
402i95i
2,502
85,001
212,996
316,317
400
176,641
809,338
73,223
49,666
120,.377
2',326
66,927
39,169
2,000
78.000
61.1.34
7,0)1
61,718
80.134
33,569
935
835
56,586
25,574
'966
38',36i
665
5,937
10,4!3
838
8,295
49,000
7,354
749
931
1,321
549,202
8.31,817
261,'l'72
1,521,929
1]1,480
181,C0O
1,8-26,000
4,483
1,180
61619
8,500
32,000
1,617,701
1,778.321
1,386.833
1,037,166
1,051,933
1,041,832
2,00.3,698
1,(141,766
2,-J03.-2O7
1,103.514
1,203,953
1,580,042
1,308.559
450,906
a39,086
318,677
404,10b
416,943
521,217
5a6,0 3
607,728
573,489
881,463
9"
65
"5
Total
,
May
May
,
July
7,1877
90
as
4,61-3,1.33
lane 39,
June n.
Jane 15,
Jane 8,
June 1,
1878
1878
1878
1878
1878
25, 1873
18, 1878
42
1677.
For the
al for
t>6
BZFOBTS FROM NliW YORK.
,—
To
Previous week
Two weeks ago
40
follows
^BEOIIPTS KT KEW TORK
Philadelphia
Baltimore
bash.
616.800
Detroit
I
105*115
ReriWmter
White
Boston
Portland
Montreal
Wheat,
5«1,«91
111,006
Toledo
:
ern
fot the
week.
Floor,
PiioH—
Duluih.
are closing quotations
QRtlH.
FLonn.
ybbl. t3 40® 3 10 Wheit-No.Ssprlng.baeh $ D5®
No. )
No.
-Jeprin!;
1 05®
Sute
WestA
BnrerflDe
eitnw ...'
do XX and
EXPORTS FROM UNITED STATES SEVBOARO FORTH AND FROM
MONTREAL FOR WEEK ENDED JOLT 6, 1878.
New York..
13.
fI
49
.
.
.
.
4,94.3.132
5,352,467
6,251,490
6,345,973
6.975,914
7,5)7,564
7,549,665
2,3)1,86 J
1,874,431
8,983,3r6
8,151.899
8,707,025
10,357,648
10,398,383
8.902,2)4
8.-225,7l2
9,189,163
2,137,356
2,801,-349
2,157,643
2,334,897
Since
Jan.
1.
*
Estimated.
22,451
590,903
3,708
li5,014
228,591 4,417,C0i
525,269 11,057,175
23,731
717,505
36,100
543,1180
5,011
68,530
THE DRY G0 3DS T iADE.
Fridat,
p. M., Joly 12, 1878.
Business has been light the past week with commisBion houses
and importers, and the usual mid-summer dulness pervaded the
60,929 1,-«)1,.)I5
jobbi ng trade. The event of the week was a great peremptory trade
* Inclnding malL
sale of flannels, &c., which was held on the 10th and 11th inst.,
BBCEIPTS AT LAKE AND RIVER POSITS FOR THE WEEK KNDINO by Messrs. Wilmerding, Hoguet & Co., per order of Mes'sr-'. FaulkJULY 6, 1878, FROM DECBMBER 31 TO JULY 6,
ner, Page & Co. The sale attracted a great many buyers from all
parts of the country and the competition was quite brisk
The
AND FROM AUGUST 1 TO JULY 6.
offarinj; embraced about 10,000 packages of wool flannels, !500
Flour,
Corn,
Barley,
Wheat,
Oats,
Rye,
bbls.
bash.
bn'h.
bush.
bash.
bu.-h,
cases blankets, and 200 ca^es Whittenton cheviots, all of which
AT—
(196 lbs.) (ftOlbs.)
(,32 lbs.)
(58 Ibvl
(48 lbs.) (66 lbs.)
were disposed of, together with numerous duplicates not repre92,3-17
1-28,630
10,0i9
CUCivo
34'>,8SS
4,135
1,322 669
sented on tlie catalague, at fair average prices. The sale amounted
MUwaakee.
279,612
13.356
36,461
41,414
15,291
9,105
Valado
There was some improvement
26,293
120,3)3
7,827
9,150
3,483
to near y two millions of dollars.
Detroit
4,306
131,552
3,393
in the demand for heavy sbirts and drawers and fancy knit
Clereland
.3.500
19,350
2,181
5,580
wo linns at private hands, but most other descriptions of autumn
1,M00
2-28,000
SlLooIb
16,505
S.5,065
71,772
2,121
625
400
6,' 00
FtMria.
91,150
41,750
7,003
goods reaiained quiet, owing partly to the prevailing warm
81, •124
....
-J.2i0.585
1,506,2-25
DUlBtlL
weather.
Total
82,406
798,002 1,611,909
618.651
37,366
Previous week
88,202 1,041.772 2,181,156
548.137
38,109
Corresp'ng week, '77,
70,187
303.011
1,131,103
457.566
.10,352
562,-273
Corresp'ng week,'76.
8tO,6-W 1,278,079
70,867
26,324
Tet.Dec.31 to July «..2..915,821 39,763,771 46,5211,293 11,786,214 2,855,946
Same time
Same tim?
Same time
1877
1876
1875
l,9-25,la3
906,563
8,306,333 35,9)7,610 9.7!4,4.36 2,651, 3
2,,050,363
9n,>i5
....2,,693.9 5 •23,679,590 37,997,198 12,535,709 2,982,723
'1,,361,
-260 2«,-203,0W 23,25.3,174
9,382,379 1,531,984 1,463,691
Tot.Ang.ltoJaly 6.5.,68;.615
Same time
Same tima
Same time
1817
1876
1875
30,638
33,747
11,089
30,321
71,249,0-20 81,615,909 25,197,771
4,,709,055 37,699 3 !3 71,836,521 20,761,223
5 099,875 6t,522,-WB 5),49.5.870 27,2 ia,MI
6,,030,518 59,612, 4SJ 42,482,873 21,311,1.35
9,334,309 3,901,920
8,124,239 2,761.5:2
7,619, i21 2,137,065
5,459,227 1,180,311
RECEIPTS OB FLOUR AND OU.VIN AT SEABO.^RD PORTS FOR THli
WEEK ENDED JULY 6, 1S73, AND FR3M DEC. 31 TO JULY 6.
At—
Floor,
bbls.
Wheat,
bash.
Corn,
bash.
Oats,
bash.
1,086,514
145,60)
5,600
213,483
4-)7,9l8
New York
6-2,819
641,664
Boston
20,453
2,185
16,844
10,350
6,032
10,365
2:),200
135,000
161,400
11,132
278,600
124,400
129,103
134,051
1,083,621
1,135,910
Portland.
Montreal
Philadelphia.
Baltimore
New Orleans
Total
Ptevioasweek
l'08ii28
Barley,
bash.
Rye,
bush.
59,470
35,950
S^BOO
2i676
4;),293
2,418
62,300
37,000
9,014
1,391,415
2,113,181
604.430
436,554
7,876
8,700
3,000
ii'ooo
72,470
89,768
Corresp'ng weck,'77.
69,313
134,613 1,383,612
453,799
31,427
6,9»8
Tot,Dec81 to July 6.4,-225,181 35,696,918 60,916,101 10,125,254 2,391,012 8,133.825
Same time 1877
3,.')0).56S
.5.031.116 41,933,71)6 8,657,288 1,831,347
811,872
Same time 1876
4,697,173 2-2,296,26) 45,0)8,-137 11,612.030 1,950,219
?31,8'9
Same time 1879
138,896
4,659,68119,28^5 26,710,924 8,748,7*1 306,261
SHIPMENTS OF FLOUR AND GRAIN FROM WESTERN LAKE AND
RIVER PORTS FROM DEC. 31 TO JULY 6.
Tot.Dec. 31 to July 6 2.994,800 22,060,343 89,946,331
Same time 1877
2,070,706 8,798,930 39,266,615
Same time 1876
Same time 1375
8.135,104 1,5(4,939 1,581,343
762,8n2
7,131,615 1,996,477
2,862,618 22,235,015 34,559,903 10,447,961 1,21-2,357
840,275
2,496,730 30,881,384 16,881, -283 6,978,897
867,;144
376,665
—
Domestic Cotton Goods. The export demand for cotton
goods continuMS satisfactory. Shipments of 2,378 packages were
made to foreign markets from this port during the week ending
July 9, and 3,38-5 packages were shipped from Boston during the
same time. Prices ruled steady on nearly al! the best makes of
coiton 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 ijy the larger interior jobbers, for shipment by can^l, but
Ducks, denims, tiois and
the general demand ruled light.
stripes Wt-re quiet and steady in price, but cheviots and cottonades remained weak and uusellled. Print cloths were in
moderate demand and a shade higher on the basis of Sic, cash, offered, to 3 9-16c., cash, asked, for 64x64s, and S^c, cash, for 56x60s.
Prints were in light request, aside from medium fancies, for
which there was a moderate inquiry, and ginghams and cottoH
dress goods ruled quiet.
DoMEST c Woolen Goods. The woolen goods market lacked
animation and new business was strictly moderate; but there was
a fair movement in fancy cassimeres, worsted coatings, &c., in
execution of former orders. All-wool and cotton-warp beavers
were sluggish, but fancy overcoatings were in moderate request.
Repellants remained quiet, and black cloths and doeskins moved
Kentucky jeans were in fair demand at low prices, but
slowly.
>re attenLinseys received a little
satinets continued inactive.
tion toward the close of the week, and some fair sales were
reported. Fe Itinga were a little more active, owing to an increased
demand by the skirt trade. Flannels and blankets were depressed,
owing to the jfreat auction sale referred to above, and it is probable that some price concessions will be found necessary in order
to stimulate their movement from private hands.
—
m
—
Foreign Goods. There has been very little doiiig in any
BAIL SHIPMENTS OF FLOUR AND GRAIN FROM WESTERN LAKE particular class of foreign goods, but there was a limited handto-mouth demand for seasonable fabrics— required for immediate
AND BIVEB PORTS.
by personal selection and through the medium of orders.
Week
Ploar,
Wheat,
Barley,
Rye, Bales
Com,
Oats,
ending—
bbls.
bosh.
bush.
bush. Silks, staple dress fabrics and linen goods are generally steady
bash.
bash.
Jaly 6, 1S78
65,396
791,260 1,856,776
893.653
6,649
4,483
at unchanged quotations; but fancy dress goods are offered at
July 7, 1877
69,034
94,702
222,53-l
216,107
6,308
17,719
low figures, in order to reduce stocks to the loweit possible
July 8, 1876
58.388
188,807
3,408
30,433 very
659,907
836,629
Jttlj 10, 1875
37,715
143,519
214,069
119,636
4,580
5,105
point before the season closes.
—
.
THE CHRONICLE.
50
iflxports
Importadoiis u( Dry Uootts.
dry jroods at tliis port for the week ending
July 11, 18T8, and for the corresponding weelis of 1877 and 1876,
have been as follows
UITBBBD FOE OONBDMPTION FOB THS WEEK BSD1H9 JtJLY 11, 1813.
The importations
of
:
181li
,
262
620
391
do
do
do
cotton..
Mlk
....
.
685
tlS37,0ii8
155,515
191,033
138,804
42,S6«
70'J
426
193,603
242,121
131,474
49,230
2,721
1855,153
Miscellaneous dry goods. 1,623
4'5
593
1818
,
Pkg8. Valnp.
Value.
Pkes.
$113.33-2
... 8,651
flax.
1817
,
.
Pkgs. Value.
Manatactares of wool....
XXVIL
rVoi-.
Leadiug Articles from
<)l"
New
1
York.
table, compiled trom Custom House retnrnp,
shows the exports of leading articles from the port of New York
to all the principal foreign countries since Jan. 1, 1878, the
totals for the last week, and also the totals since Jan. 1,1878
and 1877. The last two lines show total values, including the
value of all other articles besides those mentioned in the table.
The following
$178,550
446
68)
406
614
232
209,263
211,238
118,149
^js ,o',,^,-^'-.p «3 TT-^'V^-'J^in*'-' sTsK I'^'S^S 2
ja .^ CO o'tri I- t-"cc~aD i-to'<o e»
*
?B
S(i,974
lo
— »r-»n
tX)^
CJ
Total
6,450
5611,181
8774,164
2,383
WITHDBAWS yaOM WABEHOOSB AND THROWN INTO THE KABKBT DUBINS T6E
%
SAME PERIOD.
Manufactures of wool ...
cotton..
do
do
do
silk.
flax..
143
150
..
4-2
..
163
£67
Miscellaneous dry goods.
Total
Add ent'd
61,717
48.811
36,923
10,719
67,201
41.629
47,896
4,635
tlO
for consumpt'n 5,450
227,470
J227,470
J
610
641,181
2,181
$205,190
856 153
M20
$£68,661
S,S31
$1,061,343
Toteltlirownuponmark't
134
108
16
»53,830
127
121
61
301
S68,27*
208
i66
"832
SS5
•53,191
61,587
19.414
41,912
00
11,168
INDl
3,333
$182,602
774,164
3,215
$9E6,763
»-»
ct
5».-(Ni-«OTT
^*^
oToo
BHTBBBD FOB WABBHODBIHO DOKINO SAME PERIOD.
Manuiactnresot wool....
cotton. .
do
filk
do
flax
do
198
$87,1.58
lU
31,585
89,467
51,7S2
7,677
S3
197
991
Miscellaneous dry goods.
$270,349
Tfiii
Total
Add ent'd for consumpt'n 6,460
$199,866
67,406
211
189
$61,478
43,089
30
1,992
47,351
83,863
41,602
524
26,010
35,453
19,911
3,228
2,121
$439,981
856,153
1,081
2,383
$185,911
774,161
476
205
73
482
641,181
127
St- WOOrXJCO
O c^tO
1-1
.
t3)
l-rfOC'^'T*
lO
i=i5 ««
m
S
loira
•
.c» t>
lata
m
CO cam
.»(?
e<s
S£_^
.•^Oi
IJ9
to
coca
83CO»-«
Total entered at the port.
5,949
$911,530
7,C 91
Import* of Ijeadlnic Articles.
The following table, compiled from Custom House
I-
$960,105
3,464
$1,296,134
H->
returns,
Same
Since
Jan. l.'ie time 1877
Earthenware—
China
'
Earthenware..
Glass
Glassware
Glassplate
.
Buttons
Coal, tons
Oocoa hags
Coffee, bags
Cotton, bales
Drugs, AcBark, Peruvian.
Blea. powders..
Cochineal
Cream Tartar...
Gambior
Gum, Arabic...
Indigo
Madder &Ext.of
19,213
158.C9a
10,988
4,411
3,312
20,189
12,736
1,038,S8I
!,930
Jg
,'78
18,363
13,775
1,116
5,299
16,223
1,173
5,976
1,799
4,271
1,693
28,: 24
Oil, Olive
Soda, bi-carb...
Soda.sa)
Sodaash
Plax
Furs
Gunny
13,S0-.
29,861
S3,910
1,867
8,232
5S8
cloth
2,261
Hair
Hemp, bales
Hides,
111,399
Spelter, lbs
Steel
Tin, boxes
slabs, lbs
bbls
Sngar, bxs
tcs.
time 1877
2,365
3,70S
2,823
24.105
626
332,168
1,134,691
614.915
30,93i
291
Abags.
Wines, Ac—
Champagne,bkt?.
c^ r5 c"
2,403
24,256
755
Wines
Wool, babs
1,2H
Watches
280
207,808
50,299
1,603
241
221,731
63,332
•
fr-
.
l^ Oi
t
637,287
3».139
395,02:
155,943
743,177
1,882,204
451,608
472,524
1,093,002
486,615
666,069
352,36!
6,171,268
Ac-
'
Cassia
Ginger
Pepper
6,726,83:1
124,206
149,913
100,038
32,337
193.998
119,043
49,213
10,792
183.132
293,526
Woods
Cork
249,466
22.398
400,872
36.913
Fustic
Logwood
Manogany
receipts of domestic produce since January
for the
same period
Since
Ashes
pkgs.
Breadstuffsbbls.
Flour
Wheat
Corn
bush.
"
"
Oats
"
Rye
BarleyAmalt"
Grass seed...bag8
Beans
Peas
bbls.
Com
bush.
meal.. bbls.
Cotton
bales.
Hemp
Hides
Hides
Hops
"
No.
bales.
bales.
Leather
sides.
Molasses
hhds.
Molasses
bbls.
Maval Stores-
Crude turp..bbl8.
Spirits turp
•*
IhMln
"
Tar.
"
2,444
Same
ume
l,73f;
w
"fs
cc
—
;Sot .StClOQ0aD00t-«3r-H-i-t
: S ^ o 51 ^p OT^i-H.!- wt ntam^
c5
CO
'^
*^CO OC)r4'ooC10«3
»
^
000
:
1,
.m_J»rf^»^0O^OOS••95Oi^t^;
.
tta
t~
^
n*
©"O
"^S£2
•
So
.OJCOOJCOCO
'-<
o So 'N
t
OOODOOMiO •tOOOOQ'-'
•aiWr-O';
3»
mcoeO 'r-t (M C- SS
•
.CO1-.00SO-Q
229.998
18,319
274,477
21,t92
.
3^,
2_
,
«
'•
.
.to
.
<A
S S'a
« •"la
to^ ""fl* o
^'^ '^ '^
OS
*"
'TO
"«'
I
tfiCD
O*
*
^
.o«
.
-ooog
•^o
COO
in
-co
"!
^"^
1878,
.
.00
.
•
.
S5
•
la
°S
:;
CO
its
V
o
3—
'-i
=
=S
:
:8
il iSs ill
i
•a
•
!
•
•4J4
nco
,to
• in
00
•
.^ w o OJ
-*to
O^
*to *r
»n
T» T*
(D
•
o
tr?
0'*3
'
V
-r-t
00
So"
|a
0«
.,.-«
•05»0
.
.to
"O
I
to*'.
.
.
•
and
-w «3 rs "« 00
O
IS
"«o
O Om
"«•
•= CO
TT
•*"
10 OS
AS
^
S
r^^K^S:«SSJ::'^P^ -!5 ^ CO
CO "^
tf
Pitch
4,290
..bbls.
Oil cake....
Oil, lard...
:^S:
Peanuts
..bags.
ProvisionsButter.... . pkgs.
Cheese.
.
Cutmeats ,. **
*'
.
Eggs
P5?k .... , *'
**
Beef
*•
Lard
Lard
.kegs.
pkp.
Rice
Starch
*'
Stearine....
Suijar
..bbls.
1
1
Sugar
.hhds.
Tallow.... .pkgs.
Tobacco. ..
Tobacco... .hhds.
1,443 Whiskey .. .bbls.
36,679 Wool
bales.
171.916 Dressed hogs.. No.
,
.
1)681
.OJt-t-COC
Since
Same
Jan. 1,'78 time 1877
1877
2,051,198 1,350,8!9
24,020,613 2.573,445
17,868,657 12,346,236
5,945,835 4,324,951
1,852,331
33:^,712
8,452,465 1,834,893
121.077
74,853
40.170
41,607
446,061
170,118
104,28
131,830
472,811
349.685
8.104
8,976
!)8,62:J
115,537
U,S4a
79,586
33,54'.
48,600
2,185,889 2,182.330
18
36.t
109,785
C7,09S
S5,625
184,97,
12,041
oe«3
have been as follows:
of 1877,
Jan. 1,'18
•
•
2U,.331
774,531
24.772
382,661
174,626
Corks
r-t -*•
Receipts or Domestic Produce.
The
^S*
45,236
11,178
$
Cigars
3,316
32,358
459
2 t-os
5
ID
value—
Saltpetre
Linseed
Molasses
97,675
47,079
79,C65
18,423
Kice
India rubber
Ivory
Jewelry, &c.—
Jewelry
^O
.MM .OW
^^
OS
363,350
1,726,75?
431,593
31,869
441
Articles reported by
798 Spices,
^^
5,437,8.-.8
Ac-
809
:f;5
o
•
19,989 Fancy goods
36,324 Pish
S9,40I Fruits,
2,572
Lemons
3,071
Oranges
3,899
Nuts.,
1,443
Raisins
86,364 Hides, undressed.
Ac-
Bristles
Hides, dressed..
1,872
463
63,009
487,405
26,241
622,314
&
Tea
Tobacco
Waste
25',902
435
Opium
2,063
291
4,280
717,765
22,900
532,097
6,034.752
70,624
Lead, pigs
Tin
.
.an;
Hardware
Paper Stock
Sugar, hhds,
TO--
of 00
0:00
Ac-
Cutlery
6240
5,967
19,627
120,383
10,520
3,069
4,618
46,489
12.147
845,884
2,668
too
,
Same
Since
Metals,
a-.co
Oi t-
-ft-*
'
•
China, Glass and
•
v-^CO'
M 0=^
specified.]
Jan.l
-^
.
fM CO 1—
too •O — »0
.
S
so-*
no
shows the foreign imports of leadine; articles at this port since
January 1, 1878 and for the same period in 1877:
[The quantity is given In pacKages wnen not otherwise
o
2,495
155,932
10,459
62,101
1,093
861,031
9,094
44,722
•
O
CO 000s
V* an ^r '^
.eO'.fM
1^
'^
.WJtoCi
:S
-eoffir
5^ci;^'
588,677
764,668
477.223
320,601
104,304
23,243
315.460
162,151
32.481
474,325
23,450
16,475
819,612
12,970
438
206,:3:i7
11,7.53
12.061
3s,434
104.001
41,151
69,o»a
'
""t-rr OS
o
3
.
46.238
69,048
^?
T^sT
g|§«2SS
t-
W
ti
"I* •-«
t-T
,
:55-S
^..'W
CO
^
.
'J'
t'-
eO 10
OS IQ
ifj
!Ji
«*
ffi
OS eo
QO
S
:
t0*H
to
try
000
"•«
OS
••••-"••-•--•'"a.
o
'3
WOO
to 50t-<
*
22,491
81,331
188,401
10,586
540
;
5q
cot.;
660,80!
1,120,937
118,961
45.433
88.763
67,058
105,000
45,333
19,807
I
ioS
:s
:
•
•
:
»
•I"
-
'.
_
CI
|9}||iS|| :||| ||
go?«moo(i, Sl^S S §'S'>5
CO
oooopww
'S'3
-o
^•^T
el
C«
»•-
oS
CJ
a
July
THE CHRONICLE.
18, 1878.]
UENBHAli
A8HK8-
MATKKIALS-
1
IK
V
•
•
i 'n
V OU
'i^
110
'ii
V
falncii— Ld., wli.iViri.pure. Inoll
Lead. wii. Amer., nure dry
Elnc, wb.,Ainor. dry, No. 1
Zlne.wh., Ainer.,No.1,lnoll
ft
^t
,
Paris white.
K-.k., told....*) ICO lb.
BOTTKK— (Wholesale
1
<
9
»
70
1 15
Frlcesi—
Tubs,ftoo(< to choice State....... Vft.
17
**
West creamery R*d to oh
Welsh, State, g'd to choice
Western dairy, (air to pr
13
l<
"
n
"
CHKBBB—
State factory, prlmetocholce...,V>
Western factory. g*d to choice.. **
Llyerpoolgae cannel
LlTarpoolhoaspcannel
AKTHRACiTi— The following
.9 8 SO
12 OOa IS 00
will show prices at
last auction or pretient schedule rates:
renn.
0.1..4W.
D.&U. P.JS K. L. W.
4
Auction.
New-
June ae.
Uohoken.
bnrff.'
8t'mb. (3 IS
erate.
3 49
Sched.
N. Y.
Harbor.
t3
8W
£**
store.
4 »
Sched.
Port
Johnht'n.
f3 to
3
W
ta j;s
so
DO
» B7k«»3 SO
3
3
m
360
t7M®3
S7H93
3 73
SIS
4 10
4
iO
Ob'not.. 3 SO
3 60
3 60
cents per ton addltlonar f or del Ivery at New
50
York.
CutrrBK—
Hlo, ord.ear.00and9CdayB.gld.|iib
do
gold.
do (air,
do
do good.
eold. "
do prime, do
Java, mats
NatlveUeylon
Mexican
Jamaica
Maracalbo
Lagaayra
St.
gold.
gold.
gold.
16X
1«*
IJX
<a
a
e
a
"
*
is
IS
IS
*'
I3X*
*'
13
"
IS
!S
a
17
16
13«
**
17
17
'
COPPBKBoKs
v n.
Bbeathing, new (over L2 oz;
Braslers'(over Hos.)
....a
...
American ingot. Lake
Am
lexa
W
Aloes, Cape
Aloes, Barbados s
100
car i2\
lb
V D. gold.
**
Arsenic, powdered
mcarb. soda, Newcastle.))
100
18
a
lya
•
lb
9
•0H»
40
••
75
2
9
BIchro. potash...,
f)ib cnr.
4» K^) ». '•
Bleaching powder
1 20
- 6
,
Hrtmstooe, ^n is ft 3rd8,per ton.gold.:j4 50 fr
Brimstone, Am. roll
«>..cur.
2Xi
m
.
Camphor
rellned
26 SO
23sa
Castoroll.B.I.lnbond. V?aI..goId.
90 d
fi 100 lb
3 63 a
Caustic soda
"
" IS CO e
Cllorate potash
*'
Gochlneal.HondurAs, silver.. ,
6'J
a
•
Cochineal. Mexican
32 s
Creara tartar, powdered
cor.
^8H8
"
Cabebs, Kast India
8 a
gold,
Catch
St^a
Gambler
per ICO lbs.
4 10 a
..
car.
S3 a
Otnseng
**
Glycerine, American pure
17••
Jalap
21 a
'*
Licorice paste, Calabria
26 a
"
lilcorlce paste, SlcMy
25 a
'<6
Llcorlcepaate, Spanish, solid., .gold
a
"
Madder, Dutch
Madder, French, K.X.F.F
Nutgalls, bine Aleppo
'1
4 00
lit so
6S
89"
4
4 25
1 IS
18
2;"
23
2H
sxa
"
9
^H
5M
a
a
cnr.
22
•'
Ol! vitriol (66 Brimstone)
l^a
Oplara, Turkey
(In bend), gold. 3 62^9
PruBsIate potash, yellow. Am. .cur.
'U a
(iaicksllver
gold.
47Ka
Quinine
car. 3 ;u a
"
Knubarb, China, good to pr
SO
Salsoda, Newcastle. .VIOO n, rfold
....a
Shell Lac, 2d ft Ist English. fib. cur.
18 a
a
Soda ash
W 100 lb. gold
Sngar of lead, white, prime, Vlbcnr
Vitriol, bine, common
1
S7Xa
a
**
7
:
FISH
a
«
43
I
so"
20
2S
60
19
7X
.
FBUIT—
do
do
do
Layers,
new
Loose
Valencia,
„...
new
8
13
4
Canton Glnger.wh.ft hf.pots.V case.
dardlne>, V half box
Sardine*. ^ quarier box
MaCHront. Italian
VnmixUc Dried—
Apples Souibem, sliced
a
a
a
a
i8»a
I'Xa
4X
13
8 00
1)
>
a
3X3
4 a
3 a
4
quarters,
Itaspberrles
Pinms. State
XBortloberrica
,!«
)) ib
quarters
ary mixed (crop
ii«
f) lb
Peaches, pared, Ga., good to choice
do
unpared, halves and qrs...
Blackberries
t;berrle»,
to
( 50
a
3 60
1 70
2 10
8
12!<
14
State, sliced
do
nm
14M«
,
Figs, layer
do
1
67Ka
....a
*iia
Currants, new
Citron
Prnnes, Turkish (new)
do
French
Dates
do
do
do
...9
1
31
1873)
,,....
14
..
:i
10
a
a
a
a
a
....
.Vk "
•
"
Sisal
Jute
6X
aiOBBJ7ry— Buenos Ayrea,seleeted.1ilbgold 211 a
**
Montevideo,
Montevideo,
do....
do.
20Ha
Corrlentes,
Klo Grande,
Orinoco,
do...
do...
do...
California,
do....
19
19
good
19X
a
i«s
ITM
a
9
•X
a
a
a
a
a
8
9
13
10
8
HOPS—
New Yorks, com.
do
21
19t<
i«xa
'*
Galcntta, buffalo
21
a
a
a
19
la
Matamoras,
do
IFsLValMd— Baen. Ay, selected "
"
Para,
do....
"
California,
do
Texas,
do.... cnr.
A. /. slocl:— Oal. klps,slanght. gold
**
Calcnttaklps.deadgreen...
9
s
s
®
a
&
&
1
(s>
6
2
<4
49
a
INDIA RUBBBRPara,flne
Para, coarse
KRmet-HMa, pressed, strip.
Guayatiuil. pressed, strip..
10
14
8X
8
11
i
3
6
{*<
4
10
29
IS
13
12
»7M(%
....a
...
34
S6
34
84
33
V
Plg,Amer>can.I<o.2
ton.
a
a
a
16 SO
is 90
14 50
22 75
Pig, American, Forge
Plg.SCOtcn
a
18 00
17 (<0
16 OU
21 00
Store Prtcen,
Bar, Swedes, ordlnarysUes..
ton. 130 00 ai32 SO
lb. 2 E-loa
9
ft
*
Scroll
Hoop, Xx.No.22toI*l)ixlS&:4 "
®
s
2
i-W
..gold »ilb
Sheet, UusBla
lUXO
11
Sheet. single, doubleft tr'^ble, com,
Sxa
4
Ralls, American
;< ton, cnr. 32 OO
a 36 CO
43 00 a 44 00
Steel rails, American....
L8AU—
»
gold
100 lbs,
6
3;x*
6 40
cur. 8 5U
V
c.)
3 -S
5
lb
&
Hemlock, Buen,A'res,h.,m.ftl.fiIb.
'*
California, h., m. ft 1
" common hlde.h., m. ftl....
" rough
:0
20
Slanghtercrop
Oak, rough
Texas, crop
25
24
29
6
a
a
21
21
21
l?sa
m a
23
27
33
26
a
a
a
Cuba,clayed
It
Cuba, MuB.,rean.gr'da,50te8l.
do
do grocery graSos.
Barbadoes
Demerara
Porto Kico
N. O., com. to prime
NAVAL STORKS—
ta
"
"
343
"
"
bbl,
1
Forelgn
Domestic,
100
common
», gold.
cor.
2
a
80
&
12
2i2X
1
:6"
3S
S
ii"
lOX
8>ia
OILS—
33
J 10
**
96
80
60
S3
'•
"
••
"
a
a
a
a
a
a
36
I 15
57
31
90
56
45
9J
1 03
....a
'*
a
a
86
02
45
a
,,.
..,,
a
a
1
**
CAKE-
City, thin oblong, bags, gold, V ton,
Western, thin oblong (Dom.)cur "
52X
31 00
29 00
PBTBOLKUMV '^gnl.
Crude, in bulk
Cases
Naphtha, City, bbls
V
..
"
••
"
**
"
•'
..
.
.
'•
V
Hams. smoked
ft
"
**
Lard, City steam
8ALTTurk'slsland
St.MartIn
Liverpool, Ashton's
-.
line
Bya
....
....a
bnab.
@
a
#
29
27
S 90
9 ».
Clover, Western
Clover, New York Stato.
aS
7
Vaaok.
BEBU8—
7V
— aa
"
**
"
V
11 00
a ....
a ....
!0 00 a II 50
79
U
a 12 00
....92200
6 a
loxa
iix
IS a
filb,
....
6X
a
....
....
BICE—
Carolina, falrto prime
Louisiana, fair to prime
itangoon, in bond
Patna, duly paid
6X
a
....a
bbl. 10 40
'•
26
28
....
7Xa
7X
'i\&
V
bush. 130
1 70
Canary, Sicily
Dutch
Hemp,
foreign
Flaxseed, American, rough.,,
Linseed, Calcutta
V 5) B. gold.
Linseed ilouibay
Vila gild.
....a
V
gall.
•'
••
V
-•'
"
(Cal.) dellv. in N.T(....
3 04
•'
....
"
....
English, cast,2dfttstqnality Vlbgold
English, sprlng,2d ft lst>)uallty.. "
Bngllsh blister, 2d ft Istqnallty.. "
English machinery
Bngllsh German, 2d ft Istqnallty "
American blister
American cast. Tool
American castsprlng
American machinery
American German soring
8 75
4 00
8 50
8 00
8 10
8(0
Vgall.
...
,!!!
w
so
20
6
SV
80
80
14X
88
H
gold.—
,
Brandy, foreign brands
Rara—Jam.,4th proof
St. Croix, 3d proof
Gin
Whiskey, Scotch
do
Irish
Domestic Uquor$—
Alcohol
a
a
a
a
a
a
a
a
a
17
8
4
>
4
8
*
a
14
9xa
lOK
IIK
lOxa
a
a
a
a
•
13
t
10
j
...»
78-18
..
Prime
....a
Porto Klco. refln. fair to prime "
"
Boxes, clayed, Nos. 10(312
"
Ceutrifugia, Nos. 7®13
•.••
i\n
Inferlortocommourefinli>g....«l ».
F'lr^
"
.•;
"
Good re&nlng
'•
a
T
a
7 3-18
7 7-:»
7I£
*•
7xa
7Ha
SXa
6Jlfa
Tya
tx^
Py*
powdered
do granulated
do cntloaf
Coffee, A. standard
off A
do
"
9j^^
...,
..,*
9Ha
....
WhlteextraC
FxtraC
"
"
Melailo
Manila, sup. and ex. sup
Batavia. Nos H!®i2
Brazil, Nos. 9@l!
J?'';fnerf— Hard,
'*
"
••
crushed
iiard,
'•
"
"C"
'•
..
Molasses sugars
(S
1\i
8
iu
....
iii
»
8Xa
8xa
8 a
7X*
?xa
"
"
't
OtherYellow
73
6X
97(3
....a
'*
••
*'
.
1 07)i
8 SO
...a
SnOAB-
00
00
Mi
IS
OO
10
More Prieet,
II
I4xa
6xa
*X
car
....
8K
7X
7)j
7
....a
». 6 IS-Ka
1»
gold.VIb
I
83
...
a
a
a
a
a
&
a
a
...
••
coke
Plates, i.e.,
Plates .char.terne
TEA—
Uyaoa,CommoB to
cur.VIb
fair
Superior to fine
Extra flue tndnest
do Choicest
Young Hyson, Com. to fair
Super. tu Sue
do
do Ex. line to finest
Choicest
do
do
do
Imperial,
Com. to
20
23
43
,75
21
fair
Extrafinetoflnest
do
nyson Skln.ft Twan.com. to fair.
do
Sup. to fine
do
*
do
Ex. flnetotluest
do
docolored Japan Com. to talr
,
do
Sup'rtolinc
Bx.flnetoflnest
Oolong, Common to talr*«««
do Snperlor tofine
do Ex Rneto finest
do Choicest
.
Soac.*Cong.,Com. totair
do
do
do
Sup'rto
fine
Rx.flnftto finest
Choicest
TOBACCO-
^
_.
»1b
Kentucky Inns, heavy
•'
**
com. to fine.
leaf,
Seed leaf—New Eng.wrapperii';6-'77
•7&.'77
fillers,
do
3
140
1 77X
Pa. assorted lots, 76-'77
Yara, I and II ruts, assorted
Havana, com. to fine
Mannfac'd, in bond, black work
•'
bright
American XX
American, Nos. 1 ft
Amttrlcao, Combing
»»
Extra, Palled
No.l, Pulled
California, Spring ClipSuperior, unwashed
Fair
Burry
Sjnth Am. Merlnc, unwashed
Cape Good Hope, unwashed
fexas, flue. Eastern
..
Texas, medium. Eastern
goW.
Smyrna. unwashed
Cotton
»
»»
bbl.
nour
159
ISO
c5rn;b'lk*bgs.»il>a.
Wheat, built* bags..
...»tce.
Be«I
90
....
-.
Interior.
2 9t
1 79
I
work
2
CBB1GHT8ToLivhtool:
UaavVroods. .Vton.
pSi...
*bbl
1452
5 80
e OO
9
a
9
30
SS
45
Nominal.
Sun.to 9ne
do
21
28
38
aunpowder, com to fair
Sup. to fine
do
do Ex.flne to finest
I'.O
nw
n2
... «i
I4xa
....a
(Rbxgd.SSO a
"
9 79 s
••
English .refined
.
PltOVlSiONSPork, mess, spot
Pork, extra prime
Pork, prime mesp. West
Beel, p'ain mess
Beef,BXtra mess
Beef tiawi9, Western
Bacon, West, long clear
a
...
14
"
"
Rellned
6 00
a 5n
ux«
a
«
IS a
a
a
.$
a
a
U «
a
Cloves...do sterna
do Choicest
a
4)9®
OAKUM—Nary,U.S.Navy&be3t»Ib,
12X
2 I;X
4%&
9Xa
Walnuts, Naples
Pecan
"
nxa
<>3
Mace
Nutmegs, Batavlaand Penang
Pimento, Jamaica
Banca
3 75
Flliierts, Sicily
in CfLSks
W gall
irftll
casks V
Olive, in
Linseed, casks and bbls
Menhaden, crude Sound.....
Neatstoot, No. I to extra
Whale, bleached winter
Whale, crude Northern
Sperm, crude
Sperm, bleached winter
Lard oil, Nos, 1 and 2
9
V B.gold
Pepper, BatarlJ
Slnaapore
do
white
do
Cassia, China LIgnea
do
Batavia
Ginger, African
do Ualcatta
Straits
50
49
ta
a
a
a
V Ib.
V gal
"
'
'.'"
SPICKS^
Nomlijal.
90
90
Brazil
Cani^ry,
4 79
TIN—
a
Cotton seed, crude
,,,,
«
8PKLTKR-
Nominal.
32
S9
1
Almonds, Jordan shelled
a
Z
a
S
4 75
35
200
Pitch, city
.»gal.
Spirits turpentine.
29 a
Rosin, strained to good strd.V bbl
....a
" low No. 1 to good Ho. i
i 75
'•
low No. 2 to good Ho 3
i 52xa
••
low pale to extra pile.,
2 so
NUTS—
,,,,
S 00
Prime city
...a
"
"
vrlndowglaas
7 a
N •
:nu»
TALLOl^-—
gal
V
Tar, Washington
Tar, Wilmington
*
8
s no
1
Uu-rceled Tsatlees, best.
Be-reeled Ccngouo, No. 1
8TKKL—
a
m
(3
@
...e
rig, American, No.l
Timothy
Canary, Smyrna
Tsatlees, No. >
Taysaams, No.
Brandy
IRO«--
'*
••
SILK-
Whiskcv
32H®
CartbaKena, Dressed
Nicaragua, xheet
Nicaragua, scrap
Honduras, sheet
Mexican, sheet
Ordinary foreign
Domestic, common
Bar (discount. 10 p.
"
'•
Sheet
per loo Ib.gold
SPIRITS—
to med.,,„
to prime
Eastern
Wisconsin
Old
Yearlings
OIL
I
1
Or'd Bk.ft Oeorge's (new) cod.V Qtl. 2 73
4 2S
Mackerel, No. l,\l. shore
pr.bbi, 14 uo it 22 00
Mackerel, No. 1, Bay
20-00
O
Mackerel, No. 2 Mass. shore
9 00 a.11 00
Xackerel, No.2, Bay
12 SO a 15 00
KalsL^s, Seedless...... per 60 lb. frail
am 00
ITC JO
|IB
Crude
HItratasoda
MULASSBS—
a
COTTON— See special report.
DRUGS ft UVKS—
Alum, tamp.
ton.
59
gold.tfo 'jo
••
270 on a279°0O
HX LKATHER—
16
"
gold.
gold.
gold.
Bavanllla
Oostaltlca
17
**
gold
uomingo
13M«
16 4
16H4
*'
gold.
gold.
gold.
V
Knssla, clean
a
41
Prtnama strip
•>x
OJAL-
Sched.
Amerlcau dreusa
Amerlcat undressed
Manila
• n 00
• ....
V bbl.
• ...
W • ....
«l M It. tO UU • C
rinf.slilniil.iii, hot
16 00 • Wl 00
do iiitiy uottrds, com.toe'd.oftch.
A £8
oak
V M. It. 31 00 • 40 00
Aab.good
33 00 • W 00
Black WKlnut
UOO Zl« 00
tpraca board>* planki, each
ii o
37
I3 •
Hemlock boards, eacb
I7
^
Maple
.V M.n. 3O0O • 39 OU
ffaUt— '.OAtUd.crm.ren.A ab.V keg ...
a I 40
Cllnch.lM to Slo.AlODger
4 33 a 9 U
SdOna
i 42 99
Oat6plke«,AlUlzefl
9 85
fliU»'lul!<hU
»
lOU
«)
Italian
3 ro
; UU
23 OU
bbl.
Ml
Crot.iti
l,t:nenl-i: 'tf^nilMt
L(';i< -sturo, common
iSta ,', ihiKlilUB
l.umDrr -ri'i^-.u'ito tx.irj
s>i'ni><Rr
HBMP AND JUt'K-
M
M;<iiuiiion UKr<l,»noat..fi
4
Heflned,pnr«
North RIvrr
lliiK&UHrdPrs-aeiiaDaoUlrapart.
lUMI.nlN'd
SALTPETltE-
HAY-
tH»
V B,
fot.rraticrl
51
GUNNIKS.—Bee raport nndar Cotton.
PRICES GURkENT
x<ri.
.
'
88
90
80
22
SO
45
a
a
O
a
a
25
83
H
tO
8U
48
10
a
a
a
IB
a 27
a 40
a S5
17 a
18
19 a
30
Nominal.
2C a
^
28 a
3S
S3 a
CO
24 a
37
80 a
88
M
42 a
75
60 a
»{
?i a
40
SO •
53
45 a
75
60 a
a
a
a
5 «
8 m
W a
85 a
13 •
18 •
„
IK
3
13
35
7
9
10
S3
33
37
SO
18
•
a
10
821<
1
30
S<
48
38
M
g
30
a
a
a
44
S •
a
J- a
15
is
S
2}
a
S« a
» a
H
5
•
2
n •
IJ
*>
W
80
2
?i
w
^i-rmaM.—, ,—-*ajt.---,
•• d.
:i.
«. it. • d.
,l»-84eoi«p.
...ax
30 a-...
a ....
25 6
"
»S0
6H»
7 •
80 •
4» a
ii 3
1
a
•
a
%
....a
37 «
....
....
....
....
THE (CHRONICLE
52
&
Russell
C
Co.,
MERCHANTS
OM MISSION
Boston Agency,
MURRAY
M
)
Represented by
FOKtes.J
CsMT RAL Street.
S.
W. POMEftOT
Watek
105
\
JK.,
St., n
Hong Kong &
Shanghai
Banking Corporation,
Head
W. POMEKOT
Jf., 105
Water
St.,
„
N. Y.
STOCKS
New^ York.
The
Railroad Investment Securities. Colect Coupons and Dividends. Negotiate Loans and
draw Bills of Exchange on London.
Agents for the sale of STEEL RAILS made by the
nnderelgned
WEDNESDAYS AND SATORDATS.
PE}iN.,
ADRIAN H. iniJELER &
Edgar Thompson Steel Co. (Limited),
No. 7
All business relating to the Construction and Equip-
ment of Railroads undertaken.
BOSTON.
Box
Post Office
J.
& Company,
Grant
COMMISSION MERCHANTS,
Kong Kong, Sbanglial,
Foocliovr and
Canton, China.
kepeesented bt
OlilfPHANT & CO., of China,
104 Wall
New
St.,
¥ork,
No. 33
A
W^
TRANSACT A GENERAL BANKING BUSINESS.
MMISSION.
STOCKS BOUGHT AND SOLD ON
INTEREST ALLOWED ON DEPOSITS.
.
B.
Sfyd vm Geakt.
G. St.
&
Co.,
(P. O.
SITPE R-CARBONATE
1
mercial
SODA.
New
The Jobbing Trade
ONLY
&
STIMPKS."
Intted States Bnntlns Company.
.A
':il]
supply
all
Widths and Col'^rs always
Sa. 109
Dnane
in stock.
New
purchase and sale of
W.MoLELLAir. Jb.
C.
AGENCY
Per Cent.
iVINGS BANKS EVEN, srove
The old CENTRAL ILLINOIS
unmoved amidst the storm.
stands
LOAN
If
you
IN
Chieopee Mfg Co.,
Co.,
A Choice lot of Lands in different parts of the
West. Also, Western Securities. A Choice Invest
ment. Address, for full particulars,
TALBOT,
Locomotive
Works,
MANUFACTURERS OF
MANCHESTER, N. H.
ARESTAS BLOOD, W^. G. MEANS,
Treasurer,
M.Water
E.
street,
Boston
Stone street.
SON,
64
J.
New
Baronne
Stocks
Manning,
BR0KJ:H,
New York
City.
SOUTHERN SECURITIES
A
SPECIALTY.
State, Municipal and Railway Bonds and Coapons
bought and sold at best market rates. Investors or
dealers wishing to buy or sell are Invited to commanl.
cate with us.
Member of the Neir
York Stock Exchange.
e
informatloo
Street,
New
Co., 51
GIVKN A
Orleans.
C. Johnson
&
Co.,
&
Wheless,
COTTON
COMMISSION MERCHANTS
NA8HVILLB, TENNESSKBL
Cash paid at once for the above Securities ; or tbey
on commlsBlon. at seller's option.
BANKER AND
all
WATTS &
York, and Messrs. D. A.
McAlister
A SPECIAETY.
B.
tl
MEMPHIS, TEVN.
Dealings In
John
made on coDBlgmnente, and
afforded by our friends, Messrs. D.
PiNE STREET.
Insurance
and orders for
OOTTOrf BUYERS FOR MANUFACTURERS
Bailey,
S.
?
No. 14 W^all Street,
IiOComotlTes and Amoskeag Steam
Fire Engines,
Superintendent,
M«acbester, N. H.
Reference.—First National Bank, Sioux City, Iowa.
COTTON
parebase or sale of future stilpments or dellverlrg.
Sloax City, Iowa.
Will be sold
MANCHESTER
31 Brow^n's Bnlldinffti,
&,dTaDce8
General Land, Scrip and Warrant Broker,
Woolen
OE JERSEY &. CO.
W, C. Watts & Co.,
lilVEHPOOL,
FOB SALE.
illlllH,
HOtJBBa IV
Mancliester an4 I.lTerpooI«
BOllclt conslffunienls of
NEBRASKA AND DAKOTA.
D. H.
EXCHANGE PLACE, NEW YORK.
III.
10 TO 12 Feb Cent Guabaktebd.
niirliiigtou
con-
COMMISSION MERCHANTS,
W. Tease
wish investments ABSOLUTELY SAFE IN ANY
CONTINGENCY, address, for circular—" Actuary of
KANSAS, MISSOURI & CENTRAL ILLINOIS LUAS
lOW^A,
EUertoii New Mills,
Atlantic Cotton Mills,
Saratoga Victory Mfg Co.i
AND
Hosiery, Shirts and Dranrers
From Various Mills.
BOSTON,
NKW YORK,
15 Chacsoky St.
A 45 White Stsbet.
PHILADELPHIA,
J, W. DAYTON, 230 CHKBTJinT BTBRKT.
made on
class iavestmect securit es.
sa
Sale.
TO LOAN ON APPROVED SECURITY
AGENTS FOR
Liberal advances
Knoop, Hanemann & Co
Wanted Money
E.R.Mudge,Sawyer&Co
orders
contracts for future
fir .t-
AND TRIED.
AQENCY,** jAOKeoirrtl.ui.
raiLWARD'S HKLIX NEEDLK8.
400 BROADWAY, NEW YORK.
he execution of
or sale of
ADVANCES ma''e on warehouse receipts and
BUY AND *EI.I, c tton contracts and
STOCKS, BONDS and GOLD
A Solid Ten
brittle reeds.
n^ashlngtosi
NEW YORK.
consignments of cotton.
Ifork.
Investment Securities For
P. O. BOX 2,647.
0I.D
Bro.,
Co.,
COTTON EXCHANGE BUILDING,
for cash or on a margin.
Bonds, Stocks, S
&
&
Transact a General Banking Business, including the
Street.
George A. Clark
Bankers
R. M. Waters & Co~
54 BROAD ST., NEW YORK.
WALL STREET AND BROADWAY,
A. M. KroDXB.
Also, Ai^ente
Co..
AND
Special attention paid to
CKJ Co.
BANKERS,
COR. OF
'
&
signments.
Co.,
AWNJNG
Nichols
GENERAL COMMISSION MERCHANTb
Con
bills.
Turner
And all limde of
COTTON CANVAS FK1.TING DUCK, CAR CO ^ ER
IMG, BAGGING, RAVENS DUCK, SAIL TWINB.*C " ONTARIO SEAMLESS BAGS.
s.
Cotton Factors
delivery of cotton.
COTTONSAILDUCK
w.
Ware, Murphy
2,M7.)
York.
Uanufacturera and Dealers In
'
IN
Supplied.
Brinckerhoff,
York,
Cotton.
for the purchase
Old Mlp,
1
New
John SnsF' kld.
Special attention paid to the neKetiatloh of
OF
Tio,
BOX
St.,
:
FOREIGN EXCHANGE ANB GOI.I>,
63 Wall Street, New York.
MANUFACTURERS OF
Alden Gaylord,
33 ^Vall
ReferB bvperniisslon to
Hilmers,McGowan & Co
BROKERS
John Dwight
STREET,
1- I.
YORK.
DKALEB IN
BANKERS AND BROKERS,
Co.,
NEW
PINK STREET,
SON,
ST. liOUIS CITY &. COUNTY BONDS
AND ALL CLASSES OF
INVESTMENT & MISCELLANEOUS SECURITIES
2,6»4.
&
Olyphant
dasses of
all
OS
Cambria Iron Company,
COMMISSION MERCHANT,
14 Exchange Place,
of
STOCKS AND BONDS,
PITISBUROH, PENN.
Charles E. Parker,
RBQULAR AUCTION
hold
SALES
sell
JOBSSTOWN.
BONDS
and
At Auction.
ST.,
AKD THE
Represented by
S.
41 CEDAR, COR. WILLIAM
Hong Kong.
Office,
Co.,
BJNKERS AND MERCHANTS,
Buy and
y
&
Kennedy
S.
J.
AND SHIP AGENTS,
flons Kong, Canton, Amoy, Foochow,
SbangUai and Hankow, Cblna,
J.
Financial.
Bankers and Brokers.
Commercial Cards,
XXVIL
[Vol.
Special attention given to Spinners' orders.
spondence
Corre
solicited.
Kkfkbenokb.— Third and Fourth National Bank
and Pronrietors of Thb Cheoniols
D.
W. Lamkin &
t
Co.,
Cotton Factors,
VICKSBURO, MISS.
Orders to Purchase Cotton In our market solicited.
Refer to Mwin. THOUAS J. BLAUGEIER, N«w
York.
:
July
18.
raE CHRONICLE.
1878.J
Iniarance.
Steanuhtp*.
OFFICE OF THE
ON L t
Direct Line to France.
Mlacellniicoii*.
The
JOSEPH GILLOTT'S
STEEL PENS.
AT
SM ty all JeaUrt IkroMghaut tht World,
L
AN TIC
BBTWIBK
RBW VORK AND HAVRE.
Calling at Plrmoath for the landing of Passengers.
The nioul eminent
livluK BUthom, Kiicli am
K. UladKt. Hon.
•toue. Prof max nul
cr, Prof. TyndBll, Dr.
VV. R. Carpoiiteri R. A.
"roctor. Prof. Huxlejr,
Jan. A. Proud», Kdw.
FraiiccB
». Fr«eninn
Mutual
Co.
Insurance
A •oiverCobbe.TlieDuUc
Wi:llam
Itlulocli,
Si r»
Black. Jean lueelow,
l»il«»
TJiack-
erar, mm. «>lt|>liaut, ITIrs. Alexander,
(ieorse inacDonaid, l*iattliew Arnold,
W. \%. Mory, Turgnenlef, Anetbacli,
Rnokln, Carlyle, Tennraon, Rroivif
Inc, *sd many otherB are represented in the
pages of
Littell's Living Age.
The splendia TeMels on this favorite route, for the
Continent—eablns provided with electric bells— will
Ball from Pier No. 43 North Klver. foot of Morton St..
as follows;
•VILLK UE PARIS, Santolll..Wcd., July 17,7:80 A. M.
•oAlNT LAUKENT, Lachesnez. Wed.. July 34, IS M.
W
of ArByTT,
dlencral Trans-Atluntic ConipaDy'»
Mail Steam^lilpB,
The Litimo Aok
entore upon Its i:6th
will famish to Us rear:-
TOlame. Durlrg ttie year it
ers theprodnctlons of the foremost authors above
nanie<l. and manr otbers
embracing the choices;
Serial ana Snort Stories by
;
LEADING FOREIGN NOVELISTS,
Nbw York, Jannary M, 1878.
The TmsteoB, In conformity to the Charter of the
Company, submit the following Statement of its
To Havre— First cabin,
cabin,
t^
Unapproached by any other Periodical
in the world of the most valuable Literary and Sclen
tiflc matter of the day. from the pens of the LEADING
E88ATISTS. SCIENTISTS, CKITICS. DISCOVEH-
Saa AND EDITORS, representing
every department
Knowledge and Frogresa.
TBI LiTixa Aea Is a tcMtly maaattne girlng
more than
Of
THBSE AND A QUASTEB THOUSAND
double-column octavo pages of reading matter yearl>
It presents in an Inexpensive form, consiuenng it.
mount
matter, with
of
freshness,
owing to
its
weekly Issue, and with a satisfaciori/ comptetcHege
kttempted by no other publication, the best Essays,
Kevlews. CrlticUms, Tales, Sketches of Travel and
Discovery. Poetry. Scleatlflc, Biographical, Historical
and Political Information, from the entire body of
Foreign Periodical Literctnre, aLd from the pens
cember, 1877
Premiums on
ABLEST LIVING WRITERS.
" In
upon
••
tee find the beit productions ofthe besttcrtters
all tfubjects, ready to our Aand."— Phlladelpliia
tt
Inquirer."
•'
The diotcest literature of the dny."— New York
"TribuDe.'*
" A pure and perpetual reservoir and fountain of
tntierUiinment and (n»«ruct(on,"— Hon. Kobert i; WUitbrqp.
" tht best pertodteal <n .dnwrfca."—Tbeo. L, Cnyler
D. D.
••And tAe cheapest. A monthli/ that comes every
W«*."— The Advance," Ctjicago.
let
$4,710,665 83
;
To Plymouth, London or any railway
affords thebest, the cheapest
Total
amonnt of Harine Premiums.
$6,751,028 44
Risks, Bor npon Firo discomiected
with Marine Risks.
Pn miums marked oS from Ist January, 1877, to 31et December, 1877. ..
$4,902,831 08
Losses paid duiing the
same period
$2,565,890 27
BI-MONTHLY 8KKVICK TO JAMAICA, HAYTl
UOLO.MKIAand ASPINWALL. and to PANAMA and
SOUTH PACIFIC POUTS (via As[>lEW«ll.)
Fiist-clasB, full-poweied. Iron
For Kingston
ruBUBMxi) WazKi.T
TuK
The Company has
the following Assets, viz.:
Tb» Livise A6« and
Journal.
Address
1,163,200 00
LITTELL &:GAV,
Roaton.
Insurance.
$14,366,351 66
Six per cent. Interest on
the outstanding
certificates of profits will be paid to the holders
thereof, or their legal representatives,
on and
after
Tuesday, the 5th of February next.
certiflcates of the issne of 1874
be redeemed and paid to the holders thereof,
or their legal representatives, on and after Tueswill
day, the 6th of February next, from wliich date all
The certificates to be
produced at the time of payment and canceled
Upon certificates wlUch were issued for gold premiums, the payment of interest and redemption
will be in gold.
A Dividend
of Forty per Cent,
certificates will
May
is
^ASHASSETSWer $80,000,000.
Line
a Trip
Mlvsed in 7 Consecutive Years.
THE ELEGANT STEAMEitS
RHODE ISLAND..
STONINGTON and
from
5 p. TW DaUy
.lay
*
Pier
33,
North River, f oat of
afreet.
STEAMBOAT EXPRESS TRAIN WILL
LEAVE STONINGTON AT 4:30 A.M.
Hereafter the
State-rooms and tickets secured at 363 Broadway and
at all offices of Westcott Express Company in New
York City and Brooklyn. Also tickets for sale at alf
PROVIDEIVCE
L.I2VE.
FREIGHT ONLY FOR
Providence. Worcester, Nasbua and
all Points Nortb.
Steamers leave.
5 P. Uf
Daily from Pier 29 North River (foot of
Warren
•
By
be issued oa and after Tuesday, the
order of the Board,
J.
B.
CHAPmAN,
street.)
Freight taken via either line at lowest rates.
D. S. BABCOCK, President.
L. W. FILKINS, General Passenger Algent.
de.
next.
Secretary.
}n[i§ceIIaneou9.
Smith's Umbrellas.
GUNQHAM
QPAWAOO
.
,
anytlze
SI
patented
2
00
00
2 50
Fine Silk Umbrellas in great variety.
Umbrellas and Paraaols to order repaired.
36 Fulton Street, near Pearl Street
150 Fnltou Street, near Broadway.
104 Broadnray, near Pine street
1188 Broadway, near 29th street
4U5 Broadnray, near Canal street.
SILK, paragon frame
<fc
TRUSTEES:
J. D. Jones,
Charles Dennis,
W. H. H. Moore,
Lewis
Charles B. Russell,
David Lane,
Daniel S. MUler,
James Low,
Gordon W. Bumham,
Josiah O. Low,
Royal Phelps,
Hand,
Adolph Lemoyne,
Charles n. Marshall,
CHT£RMS AS FAVORABISASTHOSEOfANYOTHERCO,
13
AgenU,
Wall treet.
POINTS EAST.
Not
clared oa the net earned premiums of the Company
for the year ending 3l8t December, 1817, for which
William H. Webb,
Francis Skiddy,
LIFE AN D ENDOWMENT POLICIES
S6
hotel tlcket-offlccs.
The ontstanding
C. A.
'
'iSOr^-S.WlNSTON. PRESIDENT .of
"fS EVERY APPKOVED DESCRIPTloH °
Jnly
i'.\,
FOR
BOSTOIV,
AND ALL
255,36102
Total amount of Assets
Harper's Weekly or Satar)
HiehoUu or Applelon's
ALPS
Stonington
617,436 01
1,764,393 63
CashinBank
at fs 00 a year, free ot postage;
Agk and either one oi the
the St.
1
FouwouD *
THE OLD RELIABLE
New York
wise
Real Estate and claims due the Company, estimated at
Premium Notes and Bills Receivable.
and most contenten
will be sent for a year, iot/i postpaid: or, for 19 50,
and Haytl.
ET.VA
I
For Haytl, Colombia, isthmus of Panama and Soutii
Paciflc Ports (via Aspiuwai ).
PIM,
Stock, City, Banli and other stocks. $10,565,958 00
Loans, secured by Stocks and other-
Livt.sQ
(I monthlies (or
ATLAS
(.Jam.)
(Superior hrst-cluss passengei a<-commodatH'n.
Time?-.'
or for »I0 50
ncrcw ste&mers, from
Pier No.'il. 'Jorth lilvcr.
No.
important in the literature, history, politics
ond science o/'iA« <(««."— "Tiie Methodist." Sew Yoik
" Ouiihi to find a place in every American Home."—
American
Broadway.
Atlas Mail Line.
ANDES
Returns of Premiums and
Expenses... $947,923 86
is
New Vork '
DE REBIAN,
Aicent, 56
2,040,362 61
No Policies have been Issned upon Life
means of keeping ab east icith ihept ogre s of thouaht
inaW«s»Ao»«. *— Pl'liadeli hln "Korih American."
" WUh it alone a reader may fairly keep up icith all
that
station In
Eng]an(l— Klrst cabin, fOO to 1100, according to accommodation second cabin, $'>5; third cabin, t3!t, steerage, $27, IncIudlnK everything as above.
Keturn tickets at very reduced rates, available
vhrough England and France. Steamers marked thna
(•) do not carry steer ige passengers.
For passage and freight apply to
I.OVIS
January, 1877
7th of
'•
••It
A.M.
utensils.
Policies not marlced oil
interest thereon will cease.
of the
.Inly 81,7
{Including wine):
second cabin, t^5; UIrd
steerage, $36— Including wine, bedding and
tlOO;
;
on the 8Ist December, 1877
Premiums received on Marine Eisks
from 1st January, 1877, to 31et Deaftairs
United States and State of
anA an amount
Wed.,
PUICE OF PASSAGE IN GOLD
.
Jftn. 1, 1978,
.
.
LAiiKiDoR.Sangller
Curtis,
William Stnrgis,
William E. Dodge,
Thomas F. Youngs,
John D. Hewlett,
Charles P. Burdett,
Alexander V. Blake,
Robert B. Mlntum,
George W. Lane,
Robert L. Stuart,
Frederick CliaHiicey,
Horace Gray,
James G. DeForcst,
John
William Bryce,
Peter V. King,
Horace K. Thniber.
Elliott,
William H. Fogg,
B. Coddlngton,
Tkomas
EstablishedA.D 1802
Wire Rope.
AND
STEEL
IKON Of
suitable for
((vf /filTN^^^^
Cliarles D. Leverich,
Edmund W.
D.
JONES,
President.
CHARLES DENNIS, Vice-President
W. H. H. MOORE, 2d Vice-Fteaident,
A. A. BAVSN, 3d Vlce-Freeident.
MtNlNO AND
HOISTING PUKP0SE3, inclined Planes, TransmlwoB
Also Oal
Charcoal and BBtor
Ishlps" Rigging, Suspension
Bridges, Derrick Guys,* errr
Uopes, Ac. A large stock
Power, *c.
Corlies,
.Dlie'd
constantly on
''^^'^SS^Jf
i.
CHARCOAL
superior qnalliy
band
from
S^'?!lt.'SlA*l1'&'£°Z?B
IRON ROPK8 for Mining
purposes manufactured to
order.
MASON & CO.,
JOHN W.
43 Broadway, N«w York*
;
THE CHRONICLE
Cotton.
Cotton.
Woodward &
&
TG
KEW
New^ Orleans,
TOKK.
or sale of contracts for future delivery
British
&
Foreign Marine Insurance
Company
.
Co.,
Pearl
St.,
New
LIYKRFOOL, LONDON
dc
aold on commission In
for the Durchase or sale of Contracts for Future
Delivery.
'
&
H. W.
&
New
C O
Co.,
125 PEARL STREET,
J.TITT^le)^
Special personal p*t**ntlnn fn fh*' pMrrhflse
S.
and
&
(Successors to
MOODY &
Wm.
Felix Alexander,
JEMISON),
&
Co.,
James F.Wenman& Co.;
COTTON BROKEKfe,
Street, near AVall, N. 1
No.
89
1841.
Co.,
COTTON BUYERS * COMMISSION MERCHANTS
60 Stone Street, New York.
at
&
Waldron
WALTER & KROHN,
53
BEAVER STREET, NEIY YORK,
ORI.EANS,
N E TT
Established December,
Called-in
&
1866.
paid-up Capital (gold)
Reserve for
tl,2tO,QgO 00
all fire liabilities, in-
3,428,978 97
4, 22!, 557 49
cludinjj re-insurance, in thf U.S.
Net surplus in the United States.
46
00
$765,558 54
945.4^5 75
Fire Assets held in the U. S... $1,710,964 29
The above does not Include the Life and Annuity
Funds, which, hy act of Parliament, are in a dlstluct
and separate department, for which the surplus and
reserve of tlie i-Ire Insurance Department, named
above, are not lial)le.
CUAS.
E.
WHITE,
SAM.
P.
Makagehs.
Liverpool
London
BLADBEN,
&
& Globe
Insurance
A.
INCORPORATED
Total Asset?, January
IN 1810.
187?
$7,115,684 42
ta,000.000 00
Re-inpurancefund. ... 1,741,273 42
Unpaid losses
other
claims
4!9,114 82— 5,170,388 24
1,
Capital...
COTTON FACTORS & COMMISSION MERCHANTS
4T Broad Street. New York.
Geo. Copeland,
BROICER.
NEW YORK
J.
E.
PKJLSFORD,
(^ontfnerdal
LJnion Ins.
(O/'-
&
NEr
bURi>LUS, Jan.
1,
C^o.
LONDON),
ALFRED
PELL,
Resident Manager,
Company 3r &
OF HARTFORD.
York.
Sawyer, Wallace 8* Co.,
I.
iETNA
.
COMMISSION AND COTTON MERCHANTS.
45 William St,
Insurance.
Edward H Skinker & Co.
COTTON
1809.
IN
UNITED STATES BRANCH:
54 William St., Cor. Pine, New York.
L. F. Berje,
Future orders promptly executed.
ass PEABli STREET,
OF
LOXDON AKD EDiniBVRGH.
Eesidbst Manager.
COTTON BCYER AND COMMISSION MERCHANT
Tainter,
New
cantile Ins. Co.,
COTTOX BROKERS,
97 PEARL STREET, NEW YORK.
Street,
and Mer-
British
Ins2irance Company^
142 Pearl Street, Nenr Y'ork.
OENERAL COTTON MERCHANTS,
97 Pearl
North
GENERAL COMMISSION MERCHANTS
N. Y. Cotton Bxchangfl
NOURSE & BROOKS),
(Successors to
CHAS. J. MARTIN, President.
J. H. WASHBITRN, Secretary.
Liverpool.
COTTON FACTORS
and Commission mercliant
BROAD STREET, NEW YORK.
Orders in Futures executed
7,871 20
$6,109,526 75
Total
.
RICHARDS)
&
New York and
in
BLOSS & INCHES,
O. Richards,
H. Tileston
and sold on
Future Conlracts
Commission
00
00
00
00
314,213 47
65,312 39
135,'i04 13
12,500 00
Entire attention given to purchase of COTTON on
for SPINNERS and EXPORTERS.
COREESPOKDENCK SOLICITED.
References :— National Bank of Augusta, Georgia
Henry Hentz & Co., Commission Merchants, New
York; William B. Dana& Co., Proprietors Commer
GTAL AKD FINANCIAL CnnONiCLK, aud Other New
York Houses.
Macaulay
Fuiure ConAdvances made on Consignments
tracts for Cotton bought and sold on Commission, In
New YorK and Liverpool.
No. 146 Pearl
f 161,727 56
2,016,508
3,016,673
251,1S0
124,628
EStockhoIders are personally liable, not yet c.'led in
$8,750,000
Reserve for 'otal Liabiliiies, iu-
AND
Klilpping
$6,109,526 75
ASSETS.
Cash and Invested Assets fpold). $7,900, -536
Subscribed Capital, for which the
GENERAL COMMISSION MERCHANTS, COMMISSION MERCHANTS,
22 WILLIAM STREET, NEW TOEK.
No. 123 Pearl Street, New York.
for Cotton bought
(Successor to A. L.
TOTAL ASSETS
Cash in Banks
Bonds and MortRages, being first lien on
real estate (wortk *4,a93,200)
United States stocks (market value)
Bank Stocks (market value)
State and City Bonds (market value)
Loans on Stocks payal>le on demand
(market value of Securities, t427.098)...
Interest due on Ist of January, IJiS
Balance In bands of Agents
AUGUSTA, GEORGIA.
BANKERS, COTTON FACTORS
E.
256.391 42
1,016,703 02
NetSurplus
Net Fire Surplus and Reserve
ORDER
sale
Co.,
Established (in Tontine Building)
Reserve for Unpaid Losses ana
Dividends
iNCORrOBATED
Liberal advances made on consignments. Prompt
Sersonal attention paid to the execution of orders for
le purchase or Bale of contracts for future delivery.*
COTTON BROKER,
rOK FUTURE DELIVERY" OF
Jemison
gnOWIKG THE
cludins: re-insurance
Advances made on ConsIgHments.
E.
YORK,
44 Broad Street, Boston.
York.
132 Pearl Street,
New^ York.
O Box 3,909.
ef "CONl'RACTS
NEW
AND
FIIVANCIAL A«E]VTS,
COTTON.
Co.,
T T ON
COMMISSION MERCHANTS,
COTTON FACTORS,
COMMISSION MERCHANTS.
P.
&
R. Smith
B.
COTTON BROIiERS,
117 Pearl Street,
^^^
and
New York and Liverpool.
Dennis Perkins
Forty-Ninth Semi-Aiinuiil Stat«meiit)
Condition of tlie Company on tlie first
day of January, 1878.
CASH CAPITAL
$3,000,000 00
Reserve for Re-lDfunince
1,836,432 31
Issued at this office
CO.,
CALCDTTA AND BOMBAY.
FOTUKE CONTRACTS FOR COTTON bought
BROADWAY.
Premiums due and uncoHectcd on Policies
Special attention given to the execution of orders
AND GLASGOW.
FINLA¥, mVIR &
135
Keal estate
131 Pearl Street, Ne-w York.
CO.,
Also execute orders for Merchandise through
taessrs.
Foulke,
6c
COMMISSION MERCHANTS,
ITork.
JAnRS FINLAY
NEW YORK,
SUMMARY OF
GENERAL
Advances made on Conslgnmsnts to
Messrui.
OF
of Liverpool.
Bennet
COmniSSION miERCHANTS,
& 1T6
Company
Insurance
for the
\
~
HOME
OFFICE, No.
England, Clilna, India and Singapore.
UNDERWRITERS IN NEW ORLEANS
GENERAL
174
York.
LIVERPOOL.
i.
&
New
I-a.
Also, execute orders for Merchandise In
Libera! advances made on Conslgnmentfi.
Special attention paid to the elocution (AorderB for
Henry Hentz
BOX 4964.
LEECH, HARRISON & FORIFOOD,
LOANS MADE ON ACCEPTABIiE
SECDRITV.
of cotton.
p. O.
Execute orders for Future Contracts In New Y'orK
and Liverpool, and make advances on Cotton and
other produce conslBued to
GENERAL COMMISSION 3IERCHANTS
he purchase
BOX ei3,
P. 0.
Street,
'U'all
Iii.«iuraiicc.
~
Pirn, Forwood& Co.,
GENERAL COMMISSION MERCHANTS,
Stillman,
SEAMEN'S BANK BDILDIXG.
Nos. T4
[Vol. XXVII.
IS'T..
$1,945,336 18
39 Wall Street.
Henry Lawrence & Sons,
MANUFACTURERS OF
ITKANILA, SISAL,
JCTE
&.
TARRED
CORDAGE,
BRANCH OFFICE:
FOR EXPORT AND DOMESTIC USF.
Ko. 173 Broadway, NciY York.
GANGS OF R1GGIN(3 MADE TO ORDBB.
192 raONT STREET, NEW YORK.
JAS. A. AI.EXANDER, Agent.
@FedFRASER