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HUNT'S
REPRESENTING
THE
MERCHANTS’
INDUSTRIAL AND
COMMERCIAL
MAGAZINE,
INTERESTS
OF
THE
UNITED
STATES.
[Entered, according to act of Congress, in tlie year 1880, by Wm. B. Dana & Co., in the office of the Librarian of Congress, Washington, D. C.l
VOL. 81.
SATURDAY, JULY 17, 1880.
CONTENTS.
THE
Mercantile Failures and the
Commercial Situation
Financial Standing of the Chi¬
cago Milwaukee & St. Paul
.
Italy and the Grist Tax
Our City Charter
THE
Banks, etc
Commercial
Cotton
Epitome
..
BANKERS’ GAZETTE.
I Quotations of Stocks and Bonds
Money Market, U. S. Securities, Railway Stocks, Foreign
Exchange, New York City
THE
CHRONICLE.
Failures First Half of 1880.
55 Latest Monetary and Commer¬
cial English News
56 Commercial and Miscellaneous
News
57
58
I New
York Local Securities
I Investments, and State, City
62 |
and Corporation Finances...
....
COMMERCIAL TIMES.
71 I Dry Goods
71
77
Breadstufts
prices during the same period, they become even more
favorable and assuring than the totals themselves inde¬
pendently are.
We are surprised, therefore, to see that the circular from
which we extract the figures states, “ that the risks of busi¬
ness in the last six months, so far as credits are concerned,
58
59
60
65
66
“
have been reduced to
a
minimum.”
This statement is
very far from being accurate.
On the contrary, those
months have witnessed one of the most trying ordeals the
67
78
Imports, Exports and Receipts
NO. 786.
79
country ever experienced.
The year came in with
a specu¬
lation which had extended to
nearly every commodity, car¬
rying up prices twenty-five, fifty and in some important
Chronicle.
cases
more than a hundred
The Commercial and Financial Chronicle is issued
per cent.
Under this stimulus,
every Satur¬
day morning, with the latest news up to midnight of Friday.
as we all know, stocks of
goods very largely accumulated
(Entered at the Post Office at New York, N. Y., as second-class and
changed hands many times at the advanced prices, for
mail matter.]
speculation was active. We will not take up time in
TERMS OF SUBSCRIPTION-PAYABLE IN ADVANCE:
describing the utter collapse in prices and tone
For One Year (including postage)
$10 20.
For Six Months
Annual subscription
Six mos.
do
do
6 10.
in London (including postage)
do
£2 7s.
do
until ordered
1
8s.
Subscriptions will be continued
stopped by a written
or at the publication office.
The Publishers cannot be responsible
Money Orders.
order,
for Remittances unless made by Drafts or Post-Office
Advertisements.
Transient advertisements are published at 25 cents
per line for each
insertion, but when definite orders are given for five, or more, insertions,
a liberal discount is made.
Special Notices in Banking and Financial
column 60 cents per line, each insertion.
WILLIAM B. DANA,
)
WILLIAM B. DANA & CO., Publishers,
JOHN G. FLOYD, JR. )
79 & 81 William Street, NEW YORK.
Post Office Box 4592.
A neat file cover is furnished at 50 cents;
postage on the same is
18 cents. Volumes bound for subscribers at $1 20.
!3P For a complete set of the Commercial and Financial Chroni¬
cle—July, 1865, to date—or Hunt's Merchants’ Magazine, 1839 to
1871,'inquire at the office.
MERCANTILE FAILURES AND THE COMMER¬
CIAL SITUATION.
This week Messrs. Dan, Barlow & Co. have issued
their
usual
quarterly exhibit of failures, covering the first
the year.
We give the detailed statement
on another
page. It is certainly a very satisfactory record.
According to it there have only been a little over a thou¬
sand failures during the
last quarter, with 20 millions of
liabilities, and for the six months less than twenty-five
six months of
hundred failures with about 33 million liabilities.
A
com¬
which
has
since
overtaken
merchandise mar¬
beginning soon after the first of January
and
continuing until from a quarter to a half or
more of the values of all stocks of
goods had been wiped
out.
These facts are history now, familiar to all of us.
We recall them simply because of their
great interest in
connection with this report of failures; for, taken
together,
they show that, although the “risks of business” have been
unusually great, a new strength in the commercial situa¬
every
ket, the decline
tion has enabled
people to go through this severe
process, leaving scarcely a trace in the list of insolvencies.
The inference, then, to be drawn with
regard to the
future, from the record of the past six months, is pecu¬
liarly favorable- and promising. The bankruptcy which
so many have been
prophesying as a result of our specu¬
lations, is not to be realized. Probably much of the loss
incurred when prices declined, only wiped out the
supposed
gains when prices rose; while the other portion of loss,
mainly fell on consumers, who were able to meet it because
of the enhanced prices received for their
productions.
Meantime, through an increasing consumption, an enlarged
export, and a restricted import, stocks are being rapidly
worked down, and trade is fast
resuming an active,
our
parative summary for the two quarters of each of the last
five years is as follows.
healthy, remunerative and safe condition.
There is one other point in this circular to which we must
Second Quarter.
First Quarter.
Total for Six Months.
also take exception.
Tear.
We are led to do so because the
No. of
Amount of
No. of
Amount of
No. of
Amount of
Failures Liabilities. Failures Liabilities. Failures
failure figures of Messrs. Dun, Barlow & Co. are
Liabilities.
very
$
$
justly held in high esteem, and there is, therefore, the
$
1876.
2,806
64,644,156
1,794
43,771,273
4,600
108,415,429
1877. 2,869
54,538,074
1,880
45,068,097
4,749
99,606,171 greater danger of harm being done from any misstate¬
1878.
3,355
„
1879.
1880.
2,524
82,078,826
43,112,665
1,432
2,470
1,534
12,777,074
1,065
These
48,753,940
22,666,725
20,111,689
5,825
4,058
130,832,766
65,779,390
2,497
32,888,763
figures show very forcibly what a complete change
place in the commercial situation. In fact, when
has taken
considered in connection with the
course
of trade and
ment in their
circular; besides, the same thought is being
adopted by others as if it were fact. What we object to
is
the assertion made
that “close observers view with
“
considerable
“
in the amount of
money
anxiety the possibility of a great decrease
to be realized in the coming
5tt
u
year from exportations.
would result in a changed
THE
CHRONICLE.
A good harvest in Europe
than
partial.
[V QTu XXXI.
Take the Northwest, stretching its arms
Disaster to crops could scarcely
condition of affairs, so that
instead of exporting 175 millions of bushels of grain, the be so general as to affect more than a small fraction of
amount might dwindle to 75 millions.
An unsalable this vast territory, and any deficiency in one section
would most likely be made good by increased gains in
surplus of 100 millions of bushels of wheat is a possibility
not to be ignored.
* * * A lessened foreign de' others.
These are points which it is well to keep in mind in
mand would of course seriously interfere with the earning power of all means of transportation, and generally any attempt to forecast the future of our railroads. AVe
have frequently alluded to them before, and it is not our
put out of gear the machinery of business in its present
expansive shape.” AVe are very greatly surprised at purpose to discuss them again to-day. Our object is, as
these assertions.
AVe cannot believe there is any one at stated, rather to bring together the facts which indicate
And at the
all familiar with the breadstuffs trade who could for a the financial standing of the St. Paul road.
moment imagine it possible that there can be “ an unsalable outset we will admit that the conclusions to which we
have been led in this case are somewhat of a surprise to
-“surplus of 100 millions bushels of wheat” this year. It
is, of course, expected that there will be a decrease in the us, as an impression has prevailed that such an exam¬
The origin of this
amount realized by the farmer for his wheat crop, but that ination would disclose weakness.
fact has not caused any anxiety, for he has received an ex¬ belief is to be found in the course of events which have
orbitant price this season and can well afford to take much marked the history of this corporation during the last
Its mileage has undergone marvelous
less.
We can put down our wheat at Liverpool cheaper year or two.
At the beginning of 1878 it
than any country in the world can afford to sell theirs, expansion in that period.
had
but
1,412 miles; it now operates about 3,450 miles.
and still make money in wheat raising.
As our pro¬
A
large part of the new mileage lies in territory but
duction enlarges, therefore, we shall market it the same,
thinly peopled. In the same time the expansion in its
for we shall crowd out other producers.
In 1879
AAre sold the surplus of the crop of 1878-79 (147 million bonded indebtedness has been no less marked.
there was an increase of over 9 millions, while from a
bushels) at an average of $1 0S£, according to the Produce
table below it appears that since the 1st of January there
Exchange report; the surplus crop of 1879-80 may have
has been a further increase of 21 millions.
It will thus
averaged $1 33. and we may perhaps have to take an
be seen that there seemed to be some ground for belief
average of SI for the coming one, unless the late unfavor¬
able reports from Russia, &c., prove correct.
But no-one in a weak condition of the company’s affairs.
In treating of the company’s present status, the first
has any fear that the surplus will not find a market; it
There factor to be determined was the amount of additional in¬
will be sold and the railroads will have to carry it.
debtedness incurred or assumed during the last six months.
is, therefore, not the least danger that “a lessened foreign
AVe have endeavored to do this in the table below, and we
demand" will
seriously interfere with the earning power
think the figures will be found a close approximation to
€i
of all means of transportation, and generally put out of
the truth.
The Southern Minnesota Division bonds and
gear the machinery of business in its present expansive
the Hastings A Dakota Division bonds were admitted to
shape." It was three months ago that AVall street circu¬
the Stock Exchange list a short time ago, and the infor¬
lated aid then buried that suggestion.
mation given below about these is taken from the report
then made to the Exchange; the amount of the Chicago
JFLNA X CIA L STANDING
OF THE CHICAGO
Clinton Dubuque A Minnesota and the Wisconsin Yal¬
MIL WA UKEE & ST. PA UL.
ley bonds we have calculated according to the terms
Among the speculative rumors afloat in AVall street,
there have been so many unfavorable ones respecting agreed upon between these companies and the St. Paul;
the data for the Chicago A Pacific Division bonds is
the Milwaukee A St. Paul Railroad, that we have been
from the advertisement offering those bonds for sale.
led to look into its late purchases to see what is really
the extent of its obligations and resources.
Of course, Below, then,we give a statement of the entire outstanding
indebtedness and interest charge of the Chicago Milwau¬
while any uncertainties remain with regard to crops,
kee A St. Paul Railroad.
interested parties will exaggerate them to suit their
Ammal
Intercut
A mount
■own interests ; and the stocks
of roads which have a
(Jh arue.
Outxtamliny.
large traffic in grain transportation will be most directly Chicago Milwaukee Ac St. Paul 1st rntge.
bonds, Southern Minnesota Division. Inter¬
under such influences.
Those uncertainties we do not
#120,000
#7,000,000
est .Jan. and .inly, 0 per cent per annum...
(There
in
mortgage
is
also
a
provision
the
at present seek to remove, but it is our aim to deprive
tor
further issue of #2,000,000 for build¬
ing an extension from M ankato to Minneap¬
them, so far as possible, of any help which follows from
olis.!
Chicago Milwaukee Ac St.
Paul 1st intge.
vague ideas of financial strength or weakness.
bonds, Hastings Ac Dakota Division. Inter¬
179,200
2,500,000
One preliminary remark, however, it is well to make,
est Jan. and July, 7 per cent per annum..
(Additional bonds for extensions may be
and that is, as we stated last wreek, that there is a dis¬
issued from time to time, at the rate of
#15,000 per mile.)
position, we think, to attach too much importance to Chicago Milwaukee Ac HI. Paul 0 per cent
bonds, secured by mortgage on Chic. Clin.
Dub. Ac Minn., issued in "exchange for the
elight changes in the condition of the crops. The gen¬
stock of the latter road at 80 per cent of its
eral business of the country is constantly on the increase,
295,209
par value
.....‘ 4,921,152
Prior bonds of Chic. Clin. Dub. Ac Minn.,
.and this is a steady source of gain to the roads.
Then which the St. Paul as owner assumes. In¬
00,710
953,000
terest 7 per cent
in the AVest and Northwest new territory is all the time
Chicago Milwaukee & Ht. Paul 0 per cent
bonds, issued in exchange for Wisconsin
Being opened to settlement, while territory only partly
Valley stock at the rate of 85 per cent of
par value for the preferred and 70 per cent
developed shows new progress each succeeding year.
for the common. The bonds are secured by
97,731
1,028,860
mortgage upon the Wisconsin Valley
When a farm is opened in the West the product of the
Prior bonds of Wisconsin Valley, 1st rntge.
77,277
1,103,905
soil is not the only traffic that the railroad gets.
The 7 per cenl
Chicago Milwaukee Ac Ht. Paul 0 per cent
farmer has wants which must be supplied, and the re¬
bonds, 1st mtge. on Chic. Ac Pacific Di¬
180,000
3,000,000
vision.
interest January and July
sult is that an addition is made to the west-bound busi¬
Total of
new
liabilities assumed or in¬
#1,310,187
ness of the road.
An injury to the crop, of course, en#21,100,983
curred
4 1,349,500
2,859,450
Ponded debt January 1, 1880,
taiLs a loss, but in the case of the more prominent grain¬
#4,175,037
#02,510,483
#02,510,183
carrying roads such an injury can hardly ever be more Grand total
11
out over
four States.
«
<£
“
«
“
<c
“
“
“
«
a
!
t
a
July 17,
THE
1880. J
57
CHRONICLE.
IS 80.
remarked above, that the total Gross earnings first six ipontlis of 1880
$5,150,000
Last six months of 1879 about
6,500,000
$6,000,000, allow.
increase in funded indebtedness since the 1st of January
Earnings of new lines acquired:
South. Minnesota last 6 mos. ’79, about
385,000, allow.
400,000
has been $21,166,983, on which the full annual interest Chic. Clin. Dub. &Miun. last 6 mos. ’79
255,852, allow.
325,000
Wisconsin Valley last 6 mos. 1879
138.405, allow.
175,000
charge is $1,316,187. The interest on the debt out¬ Sioux City & Dakota and Chic. & Pac..
(?)
allow.
300,000
standing January 1, 1880, foots up $2,S59,450 additional.
Total for year
$13,150,000
7,230,000
By referring to the last annual report of the company, Operating expenses, taxes, &c., at 55 per cent
it will be found that this latter sum is almost $600,000
Net earnings
$5,920,000
above the amount of interest actually paid in 1879. The Interest to bo paid
3,520,000
explanation is, that new bonds were from time to
Leaving a balance of
$2,400,000
1,937,862
time issued during the year, and that on these a full year’s 7 per cent on common and preferred stock calls for
The above is, we think, certainly a very conserva¬
charge did not enter into 1879’s account; either only a
half year’s interest was paid, or no interest at all. Alto¬ tive statement.
If the crops should turn out as well as
gether the funded debt is now $62,510,483, calling for last year, the showing will be much more favorable.
$4,175,637 interest annually. All this interest, however, Exception may possibly be taken to the increase of
will not have to be met this year.
As in the previous $500,000 on last year’s earnings. Well, omit it en¬
year, only a portion of it will enter into the year’s tirely. At 55 per cent for expenses these $500,000 con¬
return.
We have accordingly prepared the following tributed $225,000 to the net earnings given above.
table, showing the deductions that should be made from Deduct this amount, and we still have a surplus of over
the total charge above.
$200,000 above the interest charge and 7 per cent on
Total annual interest charge on bonds now outstanding
$4,175,637 both common and preferred stock. No account has
Deduct for interest that will not have to ho paid in 1880 :
been taken of the rental of the Sioux City & Dakota,
One-half year’s interest on Southern Minnesota
Division bonds
$210,000
because we do not know upon what terms that road is
One-half year’s interest on Hastings tfe Dakota
Division bonds
89,600
operated ; but at any rate, this could have no material
*One-half year’s interest on bonds for Chicago
Clin. Dub. & Minn, stock.
147,635
effect
upon the result.
It should also be stated that the
One-half year’s interest on prior bonds of Chic.
Clin. Dub. & Minn
33,355
full half year’s interest and earnings on the Chic. Clin.
*Onc-half year’s interest on bonds for Wisconsin
Valley stock
48,865
Dub. & Minn, and the Wisconsin Valley roads have
One-half year’s interest on prior bonds of Wis¬
consin Valley
38,639
been included, on the supposition that the arrangements
One-half year’s interest on Chicago & Pacific Di¬
90,000— 658,094 with those reads were perfected on July 1.
vision bonds
We have attempted in the foregoing to-estimate all the
Total interest to be paid out of earnings for 1880
$3,517,513
unfavorable chances as against the road. If we have
Perhaps the full year’s interest should be deducted in these cases, as done
so, it would seem that up to this time the company
very probably the first interest payment on the Iwmas will not have to he
made till January 1, 1881, but as a half year’s earnings are likely to be
is able to meet its obligations, and, if the earnings are not
embraced in the St. Paul’s statements at the end ol’ the year, it will ho
much fairer to allow for a half year’s interest.
otherwise used, to give besides a dividend to both classes
The next point to be considered is the probable of stock.
amount of the earnings.
Of course these can not be
ITALY AND THE GRIST TAX.
definitely calculated until the end of the year. It would
According to late dispatches—the first article of the
seem possible, however, to fix upon a reasonable figure,
Grist-Tax
bill abolishing one-fourth of the tax from the
after taking all things into consideration.
The earnings
The earn¬ 1st of September, 1880, and the second article, which
for the first six months of 1880 are known.
ings for the next six months remain a matter of doubt. provides for the total abolition of the tax on January 1,
During the last six months of 1879 the total was in round 1884, were carried by a large majority in the Chamber
numbers
$6,000,000. The company did not then of Deputies of the Italian Parliament.
Of late years this tax has been of steadily-increasing:
operate the Chicago & Pacific, the Sioux City
Dakota, the Southern Minnesota, the Chicago Clinton value to the Government, yielding latterly a9 nearly as
Dubuque &> Minnesota, or the Wisconsin Valley, all of may be 100,000,000 lire. It has at the same time been
which, we believe, except the last two, are now embraced felt by the people to bean intolerable burden. Than the
in the weekly returns.
In the table below we give people of Italy—we mean the people as distinguished:
these new lines separately.
Deducting them all there from the better or upper classes—there are not perhaps
is still left a mileage about 200 miles above that for the in the entire community of civilized nations any so
same time last
For large masses of them the principal
year, the result of new extensions, etc. poorly fed.
It is fair, therefore, to suppose that even with poorer article of diet is the polenta, a wretched porridge made
from the meal of the maize.
What is known as the
crops this year (and all our figures of earnings are on
that basis) the receipts will be no less than last year. grist tax lias the effect of raising the price of the or¬
Every week’s report shows them larger. But no allow¬ dinary food of the peasantry and forcing them to use the
ance is here made for
the great improvement that has cheapest article obtainable. Consequently, it is claimed
taken place in the general condition of the country. We that the lower classes have come to be afflicted with a
travel more than formerly, and passenger traffic shows a very loathsome disease-—a disease which in iis outward
corresponding increase; we buy and sell more, with the manifestations bears a close resemblance to leprosy, and
effect of enlarging the volume of general freight; then which, according to all accounts, is greatly on the in¬
immigration is very heavy this year, and supplies and crease. In some districts the hospitals and asylums are
This statement shows, as
-
cr
- - ■-
*
materials for the construction of new roads are also an
not
sufficient for the numbers
who
are
rendered phys¬
forgotten. For these reasons, ically helpless or mentally insane by this horrid pella<jmy
as the disease is called.
And as we have said, this dis¬
we make a slight increase on the 6 millions of last year-—
namely, $500,000, or a little over 8 per cent. As to ease is claimed to be the immediate and unmistakable re¬
item which should not be
have given each a very moderate sult of poverty, and of the almost exclusive dependence
increase—the total increase is so small, though, it is of the people for food on the miserable polenta. It is unnecessary to say that the evils of the grist tax
hardly worth mentioning. Operating expenses wo havo
the
new
lines
taken at the
we
same
ratio as
Following is the result of our investigations.
have
last year, about 55 per cent.
1
ment.
frequently been denounced in the Italian Parlia¬
It is only of late, howevor, that the abolition of
L'HE
J>8
the
CHRONICLE.
obnoxious
impost acquired such importance as to
place on the Ministerial programme.
The
Cairoli administration, which represents the Left or
Radical party, came into power pledged to two great
popular measures. The one was the extension of the
elective franchise; the other was the abolition of the
grist tax. So far Signor Cairoli has kept his word. What
he has done, though, is certainly not much; it will result
in nothing unless passed by the Senate; and of this
there is great doubt.
obtain
a
The wonder is that the abolition of
should be
so
obnoxious
a
tax
|Voi, XXXL
report to—nobody. The earth
upheld by the elephant;
elephant stood on the tortoise; there the line ended, and
if the tortoise had stood on
something the animal kingdom
must have given out at last,
leaving the lowermost burdenbearer nothing. Or perhaps we may
get an exacter likeness
by reversing the story of the broad road that narrowed
gradually into a squirrel track and went up a tree, for this
path widens until it disappears outright on the prairie.
Nothing is provided except to “ report;” nobody is to do
anything. What if the fire-patrol had the honor to report,
etc., to headquarters that there is a fire.—the military
pickets, that the enemy are close at hand,—the coast-guard
that there is< a wreck in the breakers, but that no action
were provided
for or permitted? The Mayor is directed
by the charter “ to keep himself informed of the doings of
the several departments.”
In the name of common
sense, what for?
If he is to have any room for doing
anything this injunction is intelligible; if he is to be
wrapped into an office-holding mummy with red tape, it
is only a refinement of torture to say
that a man shall keep
watch of misdoings which he may not arrest.
The charter
says—or seems in terms to say—that he may remove heads
of departments; and this, we
repeat with all emphasis, is
the only bit of official accountability contained in that
was
the
stubbornly opposed. Wonderful as it is, how¬
the explanation is evident. On the part of the
dominant classes in Italy there is an almost consuming
desire to present the kingdom before Europe and the
world in an attitude of power.
In order to do this, it is
necessary to maintain the army and the navy in a high
state of efficiency.
Money is, therefore, a first-class
necessity. To abolish the grist tax at once would be to
lessen the revenue by one hundred million lire
per
annum.
In seeking the cause of the
sufferings of the
Italian people, we are thus brought face to face with the
evil of the day—the evil of huge
standing armies. The
Italian peasant suffers from scarcity and meanness of
diet, because of the grist ta x. The grist tax is a neces¬ document. The courts have now taken this little away,
sity because of the heavy demands of the army and and the effect is as sweeping'and as nugatory as would be
navy.
The demands of the army and navy are heavy, the excision of the word “not” from the Ten Command¬
because it is necessary for a Power of the first class to be ments.
on a
This done, the Mayor becomes fully—what
footing of equality with its neighbors. It is thus
previous
that all over Europe the weight of
huge standing armies incumbents of the office have declared him practically to
is crushing out the lives of the peoples.
Italy presents be—the holder of a mere clerkship. He signs his name
an extreme and
striking example; but she is not the only mechanically on pay warrants; he looks after dog licenses
sufferer.
and such matters, and has the appointment of
dog-catchers;
he unites casual couples in wedlock; he is
badgered by
“workingmen” who want support at the public cost, by
OUR CITY CHARTER.
greenbackers, by evangelists, reformers, lunatics, and all
Some months since we had occasion to discuss very the
throng of the troublesome. But he can do nothing
briefly the then interposition of the courts between which a young man of 25 years could not as well do for
the Mayor of this city and the Police Commissioners,
$100 a month. Yet he is the executive officer of a city of
whom he had attempted to remove; the late decision of a million and a
quarter population, the metropolis of the
the General Term of the Supreme Court, in review of the New World.
action then had, adverse to the Mayor, and sustaining
To this absurdity have we come by
transferring—on the
that action, brings the subject again before the public
assumption that this city is such a political Sodom that it
very forcibly.
Whether the officials who have triumphed would sink to destruction by its own weight if not held
up
in this contest ought to have been removed is a question of
by the virtue of the State—the control of its affairs to Al¬
minor, because temporary, consequence, which we do bany. Obviously, we need and must have a new or
so
ever,
“
.
$
not
care
to consider.
amended charter,
The present city charter provides that
remove heads of
departments “ for cause,
the Mayor may
and after oppor¬
tunity to be heard, subject, however, to the approval of the
Governor,, expressed in writing." The courts of the State
have now decided that the Mayor’s determination is subject
to judicial review as a judicial act.
It would certainly
seem that when the State had
required the concurrence of
the State executive in
of the most natural and
by which what is now taken away may
expanded; but most we need the right of
self-government, contended for and won. Including the
neighboring counties of Queens and Richmond, Brooklyn
has three members’ and New York six, in a Senate of
thirty-two; in the Assembly, of a total one hundred and
twenty-seven, Brooklyn has nine and New York twentyone.
That a body of men, some of whom have
probably
be restored and
ordinary never seen New York, who neither know its needs nor care
administrative acts of the city executive, it had not only about them,
actually undertake to manage its local affairs,
gone far enough in the direction of interference, but had is surely the boldest of political solecisms.
Judge the at¬
provided safeguard enough against any injustice to the tempt by its results. Have we thriven here under it? If
individual officials
case as we
find it;
one
concerned.
and the
case
However,
we
must take the
not, how escape the conclusion that we should not have
is, that the charter is prac¬ managed worse for ourselves and might have
managed
tically nullified in an important particular, obviously in
respect to its language and presumably in its intention.
better?
What is to be done about it ?
FAILURES FIRST HALF OF 1880.
practical importance of this decision is that what
is thus taken from the charter is the only thing it
The following table shows the number of failures in the
possessed
by which any responsibility at all could be enforced. By United States and Canada for the past three months, and
it bureaus report to departments ;
departments report'to for the past half-year, as compared with the same period
the Mayor ; the Mayor reports to the Aldermen
only the in 1879, together with the amount of liabilities, as prepared
receipts and disbursements of his office; the Aldermen by Messrs. Dun, Barlow & Co.
The
.
CHRONICLE,
THE
1880.]
July 17,
Second quarter in Total for first six Total for first six
months of 1879.
months of 1880.
1880.
States and Terri¬
tories.
No.
Amount
Fail¬
0/
ures.
T/iabililics.
7
1
4
34
23
7
34
3
102,500
No.
Fail¬
Amount
No.
Fail¬
Amount
of
ures.
Liabilities.
ures.
Liabilities.
19
4
13
121
61
17
280,994
14,700
131,237
16
150,909
4,000
720.70c
45
156
1,074,700
222,000
122
29
89
639,734
83
4
5
8
$
$
Alabama
Arizona
Arkansas
California
City of San.Frau.
Colorado
Connecticut
Dakota
Delaware
Diet, of Columbia.
Florida
6
20
1
25
10
21
22
21
28
12
19
Georgia
Tdalio
Illinois
City of Chicago.
Indiana
Iowa
Kansas
Kentucky
Louisiana,
Maine
....
City of Boston
..
Michigan
Mississippi
Missouri
City of St. Louis
Montana
Nebraska
Nevada
New Hampshire
New Jersey
New Mexico
New York
..
North Carolina....
Ohio
City of Philadel’a
Rhode
Island
South Carolina....
Tennessee
Texas
Utah
Vermont
West Virginia
1,298,800
339,067
1,473,900
1,001,590
341,435
44
460,229
92,250
100,920
28
44
39
342,550
270,333
1
45
26
15
42
8,000
89,200
3
253
207
34
82
20
39
158
162,256
80,880
090,300
2,274,283
438,774
53,078
530,450
014,158
31,500
2
5
17
Wisconsin
43
259,059
18
4
103,001
023,000
503,978
248,700
355,103
655,317
614,898
410,900
88,084
332,868
14,000
2,041,443
8,787,427
226,530
639.902
202.981
370,2.99
1,447,570
65
2,099,583
30
094,488
28
210,425
821,589
814,869
44,200
54
70
6
19
75,000
10,100
38
8
30,000
7
42,500
150,025
184,980
50,739
42,700
40
314,000
1
2,000
96,400
.
Wyoming
Total
Dorn, of Canada...
148,000
347,139
101,020
02
38
58
33
34
32
121
55
83
8j
Washington Ter...
381,373
6,755,304
49,030
4
Virginia
59
20
42,400
182,000
35,900
209,108
11,000
1,286,972
15
Pennsvlvania
63,939
80,300
430,800
222,000
194,598
35
10
11
72
35
14
10
29
30
City of Cinciim’ti
Oregon
9
8
47
1
343,943
2
91
89
City of N. York..
20,103
77,300
133,000
200,903
19
...
14
211,500
274,200
24
12
5
'
57-400
213,820
59,000
202,400
21,220
80,599
17
12
20
17
Minnesota
$
19,000
121,900
89,000
22,000
18
53
24
35
Maryland
Massachusetts
8,000
54,500
308,000
739,000
48,500
415,787
15,000
9
3
of
1
406,782
1,801,000
3,919.000
200,161
2,093,082
17,500
167,337
125,126
107,677
289,800
IS
15
49
119
39
76
104
39
83
919,014
1.340.900
1,138,391
874,000
163,646
887,312
57
50
55
4,349,434
384,000
233,000
3.183.900
2.594.900
171
90
107
92
Time.
Paris
Paris
Short.
3 mos.
25-27*2
Antwerp
Hamburg
Short.
3TSios.
.
.
....
...
Frankfort...
Vienna
...
„
665,087
157,409
1,846,000
Open-market rates—
30 and GO (lays’bills
37
26
47
72
6
360,700
313,450
631,402
15,639
509
5.670,301
308
64
176
8,739,677
765,247
....
Madrid
Cadiz
Lisbon
Genoa
July'
July
769,438
174,721
6,429,634
1,661,416
317
112
58
60
2,911,350
115
97
6
36
48
6
15
93
10
1,079,105
681,210
710,972
205,354
213,000
502,050
119,108
84,500
901,013
22,900
July
July
July
July
July
475,3
....
Rate.
2
Short.
25-29*2
1
1
Short.
25-32*2
1
1
1
1
1
Short.
3 mos.
3 mos.
1212
•
27-95
18-42
mos.
4 i
Copenhagen.
27*80
-S18-45
'<z>
Alexandria..
New York...
June
'25
3 mos.
2519.32
53 0J6
2
Short.
4
4 mos
•July
2
2
2
Per cent
14
1*2
1%
14 days’ notice
statement showing the present
position of the
1880.
Circulation .excluding
£
Bank post bills
27,397,380
Public deposits
10,577,383
....
Other
deposits
27,512,544
Goverum’t securities. 15.804,232
Other securities
23,144,609
Res’ve of notes & coin
and bullion in
both departments..
1879.
1878.
£
29,536,805
£
28,521,525
7,279,300
29,957,815
14,480,146
20,024,691
1877.
£
28,774,340
7,539,039
5,727,084
21,546,145 24,894,691
15,970,144 14,989,321
22,004,835 20,429,201
9,081,692 13,174,000
17,012,010
20,719,404
29,318,390
35,286,269 22,G03,217
Coin
Proportion
20,948,340
of assets
to liabilities
Bank rate
44-39
2*2 p. c.
98rjs
Consols
2
3*2
p. c.
981e*
2*2 p. c.
p. c.
91^
95*sx
Mr. Richard
Heyd has contributed to the newspapers some
relating to the failures in the United Kingdom during
the past half-year. The figures are very satisfactory, as they
show a large falling of in mercantile embarrassments :
The failures in. the wholesale trades in the aggregate during
that period have been as follows :—In London, 175 ; in Liver¬
pool, 22 ; in Manchester, 47 ; in Lancashire, 30; in Yorkshire,
96 ; in Birmingham and Midland iron district, 63 ; in Newcas¬
tle, Middlesborough, Hull and district, 31 ; in Bristol, Cardiff,
Newport, and Swansea, 28 ; in provinces, 169 ; in Scotland, 57;
statistics
Ireland, 14;—total, 732.
among
retail tradesmen the failures for the first half of 1880 have been
in the following branches:—Bakers, 149;
numerous
j
July
:
In the various branches of com¬
commission, yarn, etc., agents there have been 77
failures; boot and shoemakers, 71 ; coal merchants, 35; engi¬
neers, founders, metal and hardware merchants, 94; manufac¬
turers and merchants of woolens, worsteds, and kindrid fabrics,
81; merchants, 62; shipbrokers and owners, 25; timber
merchants, 27 ; warehousemen and importers of foreign goods,
26 ; wine merchants, 30 ; and others on a smaller scale. Among
;
(July
under
England, the Bank rate of discount, the price of Con¬
sols, the average quotation for English wheat and the Bankers’
Clearing House return, compared with the three preceding years:
merce
....
52*2^5234
....
by the joint-stock banks and
are as
Bank of
in
20-50
20-50
20-50
117-30
48
3
a
Per cent.
17&&>2
2*a'a>2*4
2*2 » 3
,
or
the
Eng. wheat, av. price
44s. 8d.
42s. Od.
40s. Id.
G2s. 6d.
Clearing-House ret’n. 131,420,000 115,501,000 131,379,000 125,782,000
Time.
4 t
Annexed is
2.516,824
are
%@l7s
deposits
Joint-stock banks
Discount houses at call
Do
with 7
following
4 months’ bank bills
G mouths’ bank bills.....
4 & G months’ trade bills.
The rates of interest allowed
discount houses for
The
Open-market rates —
l^S»l7s
1
few.
:
2*2
3 month.-;’ bills
152,800
50
23
are
Per cent.
47
33
*
11-92*2
25*4
....
St.Petersb’j-g
July
25-4 5
25-50
12-2
12-4
20-04
20-04
25 50
ii
Amsterdam
Amsterdam
Berlin
Latest
Date.
present quotations for money
58
EXCHANGE ON LONDON.
Rate.
notice that commercial failures
Bank rate
RATES OF EXCHANGE AT LONDON AND ON LONDON
AT LATEST DATES.
On-
a
863 328
f^t0tietarijf©0mmjcrctaI gtigUsT*
July 2.
few weeks. What will be the extent of the
is altogether uncertain ; but the
more general opinion is that,
although there will be some
improvement in it, it will not assume any very considerable
proportions. The weather remains favorable for the growing
crops, though the country is now beginning to hope that we
shall soon enter upon a period of hot, maturing weather, the
rains which have been falling during the last month having
been, it is thought, ample for all purposes. The mercantile
classes are looking forward to brilliant results from an abun¬
dant yield of agricultural produce, and from a return of pros¬
perity to the farmers; but, if the trade of the country should
remain inactive, in consequence of the absence of injudicious
speculation, such as characterized it last autumn, we can at all
events hope that it is conducted on a sound basis; and if this
should be the case, a beneficial result has been attained. Most
of the trade reports mention that in the majority of articles, a
fair business for consumption is doing, and it is satisfactory to
for
so
autumnal demand for money
1,204,131
1,065 20,111,689 2,497 32,888,763 1,058 05,779,390
140*
8 44,571
649
5,660,848 1,067 17,425,953
EXCHANGE AT LONDON—
ity, remain
59
most
84*4
builders, architects, &c., 303; butchers, 165; cabinet-makers,
&c., 71 ; carpenters and joiners, 99 ; carriage-builders, 2i ; cattle
Hong Kong..
July
and horse dealers, 49 ; chemists and druggists, 47; clerks, 67 ;
Shanghai....
1 Uuly
coal-dealers, 72 ; confectioners, 47 ; cow-keepers and dairymen,
I From our own correspondent.]
45 ; drapers and hosiers, 256; farmers, 677; general dealers
and dealers in curiosities, 107 ; grocers, 542 ; ironmongers, 114 ;
London, Saturday, July 3, 1880.
The principal feature in the money market during the week plumbers, &e., 119; provision dealers, 140; publicans, 485;
shoe and bootmakers and dealers, 194 ; tailors, 171. The num¬
has been that money was in demand for the
temporary purpose ber of failures
during the past six months in all branches is con¬
of increasing the half-yearly balances.
According to the Bank siderably less than the half of the number for the whole of 1879.
return, the total of loans and discounts is augmented to the Unless, therefore, the second half of the year prove more fatal
to traders there seems to be evidence of more stability among
extent of £4,833,033, of which £2,186,886
re-appears under the
Bombay
Calcutta
..
..
60 days
....
....
....
Is.
Is.
8*4d.
8*4d.
...
....
•
44
44
44
Is.
S7ied.
Is. 87i*d.
3s. 10*4d.
5s. 33&d.
head of current accounts and £1,644,383 under that of
deposits.
public
The half-yearly requirements have necessitated
an
increase of £946,891 in the note circulation, but there has been
no material alteration in the
supply of bullion. The total
reserve, however, has been diminished by £1,020,473, and the
proportion of reserve to liabilities has fallen from 52*25 to 44*39
per cent. This, however, is only a temporary change, and will
be rectified in
a
The dividends
course
of
a
few weeks at the utmost.
on
few
the public funds will be distributed in the
days, and the supply of
investment will beeome very considerable.
money
available for
The discount mar¬
ket is certain to rule
extremely easy, and it will, in allprobabil-
this class of the
community.
Gold has been in moderate demand for India
and a small amount of sovereigns has been
Platte.
Mexican
are
during the week,
sent to the River
Silver has changed hands at rather lower prices, but
dollars, owing to an advance in the Eastern exchanges,
rather dearer.
India Council bills
were
sold
on
Wednesday
8%d. the rupee. The following prices of bullion are
from Messrs. Pixley & Abell’s circular:
at
Is.
Bar
Bar
gold, line
GOLD.
per oz.
standard.
8.
U.
77
9
8.
gold, containing 20 dwt8. silver, per oz. standard. 77 10*2'8'
Spanish doubloons
South American doubloons
United States gold coin
German gold coin
t
peroz.
peroz.
peroz.
peroz.
cL
'w
74 6
73 9 ®
76 3*2f2>
76 3*4-3>
75
0
CHRONICLE.
THE
60
d.
SILVER.
Bar silver, fine
Bar silver, containing
Cake silver
Mexican dollars
52Hi«©'
standard. 53qc ©
standard.
per oz.
5 grs. gold
per oz.
per oz.,
5678
52
per oz.
last price.
©
©
©
per oz
Chilian dollars
Bank
rate.
Pr. ct.
3
3
4
4
4
4
6
..
..
Berlin
..
Hamburg
..
Frankfort
Vienna
St. Petersburg
Bank
Open
..
..
.
2%?z>234
2 5g Tv 2 34
3
©3
q
27e©3
Q
Genoa
Geneva
Madrid, Cadiz A
Barcelona
Lisbon A Oporto.
...
...
...
Open
Pr. ct.
4
3^@4
4
©5
5 34 © 6
4
©iq
4
6
4
Copenhagen
3q
434@5q
blooming.
of good quality.
During the week ended June 26 the sales of home-grown
wheat in the 150 principal markets of England and Wales
amounted to 23,204 quarters, against 36,280 quarters lastyear;
and it is estimated that in the whole kingdom they were nearly
93,000 quarters, against 145,120 quarters in 1879. Since harvest
the sales in the 150 principal markets have been 1,285,732 quar¬
ters, against 2,315,464 quarters; and it is computed that in the
whole kingdom they have been 5,143,000 quarters, against
9,064,160 quarters in the corresponding period of last season.
Without reckoning the supplies furnished ex-granary at the
commencement of the season, it is estimated that the follow¬
ing quantities of wheat and flour have been placed upon the
...
market.
rate.
Pr. ct.
4
4
market.
Pr. ct.
2^
Paris
Amsterdam....
Brussels
wheat is
...
tlie prin¬
following are tlie current rates of discount at
cipal foreign centres:
Tlie
New York
Calcutta
412S>5
...»
and is undergoing the process of
The barley crop promises to be very abundant and
in full
d.
Discount, 3 per cent.
Quicksilver, £6 12s. 6d.
[Vol. XXXI.
5
now
ear,
joint-stock banks are now announcing their dividends,
proposed distributions show some increase over those of British markets since harvest.
last year.
1876-7.
1877-8.
1879-SO.
1878-9.
The London & Westminster dividend will be 8 per
47,584,468
35,443,754
Imports
of
wheat.cwt.48,543,406
40,478,028
cent for the half-year against 7 per cent; the London Joint
7,202,769
5,634,530
8,634,030 7,567,635
Imports of flour
Stock, the usual dividend at the rate of 15 per cent; the City at Sales of home-grown
produce
..22,286,100 39,277,850 30,588,000 32,282,500
the rate of 10 per cent, against 10 per cent; the Imperial, 6 per
Total
79,463,536 87,323,463 85,375,237 73,590,784
cent, against 6 per cent in the corresponding half of 1879, and
Deduct
exports
or
the Union Bank of London at the rate of 15 per cent per an¬
1,300,290
1,516,683
773,096
wheat and flour
1,583,383
num, against 12/2 per cent.
.......78,163,246 85,740,080 83,858,551 72,817,688
Result
The Government having been unable to come to an under¬ Av’ge price of English
wheat for the season.
46s. 4d.
40s. 7d.
50s. lid.
52s. lid.
standing with France, the question of the new duties on wine has Visible supply of wheat
2,924,795
in the U. S
bush.15,625,000 13,438,600
4,943,132
been abandoned for the present. Mr. Gladstone stated in Parlia¬
The following figures show the imports and exports of cereal
ment, on Thursday evening, that on Monday he should propose
to re-commit the Customs and Inland Revenue bill pro forma, produce into and from the United Kingdom since harvest, viz.,
and in the re-printed bill he should not include the clause relat¬ from the first of September to the close of last week, com¬
ing to the wine duties. It is very probable that when the pared with the corresponding period in the three previous sea¬
sons:
IMPORTS.
budget is introduced next year the question will have been fully
1878-9.
1877-8.
1876-7.
1879-80.
discussed with the French Government and with the trade gen¬ Wheat
cwt.48,543,406 40,478,028 47.584,463 35,443,754
Barley
11,651,486
9,283,572 11,807,858 11,591,928
erally, and that an arrangement satisfactory to most parties Oats..
12,095,224
9,456,944 10,036.125
9,347,135
The
and the
.
will be arrived at.
The
revenue
returns
are more
satisfactory, but for the quar¬
customs duties of
£146,000, compared with last year. As regards other sources of
xevenue, however, there is an improvement, and the net increase
for the past quarter, compared with 1879, is £697,008. The
following is an abstract of the gross produce of the revenue of
the United Kingdom in the undermentioned periods ended June
30, 1S80, compared with the corresponding periods of the pre¬
ceding year:ter there is
decrease in the receipts from
a
Sept. 30,
—Quarters ended.
Dec. 31,
March 31,
Year ended
,
June 30,
1880.
1880.
June 30,
1880.
1879.
1879.
£
£
Customs
Excise
4,488,000
5,240,000
5,356,000
6,460,000
4,855,000
7,350,000
4,481,000 19,180,000
6,290,000 25,340,000
Stamps
2,530,000
2,725,000
3,130,000
2,915,000 11,300,000
£
£
£
Land tax and
bouse
duty..
Property
105,000
and
2G,000
2,059,000
664,000
486,000
6,515,000
1,620,000
1,500,000
1,630,000
365,000
1,575,000
1,748,000
Tel’gli service.
370,000
80,000
272,869
325,520
Miscellaneous.
1,358,353
1,108,037
135,000
315,000
95,000
333,400
860,826
410,000
SO,000
362,751
1,212,307
—■
s
/
1878.
1878.
£
£
4,626,000
5,508,000
2,532,000
'Customs
Excise
Stamps
Land tax and
house duty..
Property
1879.
£
1879.
£
4,627,000 20,016,000
6,250,000 27,075,000
2,626,000
2,819,000
2,9 L5,000 10,924,000
115,000
26,000
2,033,000
480,000
2,651,000
566.000
410,000
6,770,000
1,565,000
9,311,000
6,256,000
1,335,000
1,554,000
1,544,000
1,645,000
370.000
300,000
82.000
325,000
141,000
101.000
310,000
80,000
advau’s
Miscellaneous.
206,189
1,190,338
383,151
1,098,411
205,578
1,103,610
322,807
697,243
Political
.
407,000
1,117,725
4,094,602
10,703,527 19,069,562 28,520,188 18,922,050 83,220,327
news
7,202,769
1,139,957
3,941,163
28,933,597
5,864,530
EXPORTS.
1878-9.
1877-8.
1,462,747
105,017
23,257-,
86,914
89,361
1,440,741
54,131
98,751
18,743
19,023
216,699
75,942
1879-80.
cwt. 1,144,155
Wheat
Barley
Oats
19,663
14,859
88,887
54,867
Peas
Beans
Indian com
Flour
422,845
120.636
511,384
156,135
Market
EnsliHh
1876-7
733,265
48,377
84,477
22,089
27,109
444,500
39,851
Reports—Per Cable.
daily closing quotations in the markets of London and
Liverpool for the past week, as reported by cable, are shown in
the following summary:
London Money and Stock Market. —The bullion in the Bank
The
of
the week.
England has decreased £91,000 daring
Sat.
Mon.
Tues.
Wed.
Thurs.
Fri.
July
July
July
July
July
July
13.
52 q
14.
52 q
15.
52 q
52i2
9S7i<j
037l«
939io
989iq
087l6
939iq
12.
52 q
10.
Silver, per oz
Consols for money
Consols for account
U. S. 5s of 1881
U. S. 4i2S of 1891
U. S. 4s of 1907
Erie, common stock
Illinois Central
d. 521s
....
98~i6
989iq
103
11234
11034
41 ^
43^
108 ^
55
55
55q
834
132 34
Philadelphia A Reading.
8q
New York Cent ral
131 q
xl05
106
113
111
10534
112 34
11034
42V
lOS^
108
Pennsylvania
98q6
989!g
1047s
98q6
989iq
105
113q
lliq
433a
113
111 q
42 34
11338
11 iq
109
56 q
1091-2
noq
5612
sq
8^
13312
133
132 »4
16.
43 7s
Liverpool Cotton Market.-—See special report on cotton.
Liverpool Breadst uffs' Market. —
Thurs.
Mon.
Sat.
s.
d.
Winter,West., 11.
6
lb. 9 9
9 3
“
“ 10 1
Southern, new.
Av.Cal. white..
California club.
“
“
“
Flour (ex.
1,513,000
Totals
£
5.279.000
8,327,000
Tel'gb service-.
Crown, lands..
on
1879.
5,484,000
6,990,000
and
income tax..
Post office
Int.
9,285,000
6,453,000
1,490,000
390,000
1,294,540
4,530,523
16,608,222 18,616,557 7,118,226 19,619,058 81,962,063
Year ended
Quarter) .ended.
June 30,
June 30,
March 31,
Sept. 30,
Dee. 31,
Totals
corn
1,503,688
2,575,259
29,724.543
1,443,262
1,422,265
50,246,532
7,567,635
1,802,815
2,303,634
23,796,047
8,634,030
500,000 2.690,000
income tax..
Post office
Crown lauds..
Int. on ad van’s
Peas
Beans
Indian
Flour
State) $cent’l. 13
Wheat, Nor l,wh.l00
Spring, No. 2...
2
2
9
10
9
d.
13
6
9 9
9 3
10
1
10 2
9 2
9 9
s.
9
Com,mixed, West. igcntT 4 lOq
4 lOq
Liverpool Provisions Market.—
Mon.
s.
d.
60 0
36 6
33 6
60 0
37 0
49 0
Sat.
8.
d.
from France and Turkey has to some exttnA
Fri.
Wed.
s.
d.
s.
d.
s:
d.
13 9
13 6
13 6
9 11
9
9
9 10
9
3
9 3
9 3
10 5
10 4
10 2
10 5
10 5
10 3
9 6
3
9 6
9
9 11
9 11
9 10
5 1
5 Oi2
5 Oq
Tues.
d.
8.
13
6
9 9
9 3
10 2
10 3
9 3
9 10
5 0
-
Wed.
8.
d.
61 0
33 6
38
6
60 0
36 6
43 0
Tues.
s.
d.
60 0
36 6
38 6
60 0
36 9
48
0
Thurs.
s.
d.
0
61
36 9
33
6
60 0
Fri.
s.
d.
0
securities; biit Pork,West.mess..$bbl.60 0
9
Bacon, long clear, cwt. .36 6
6
the railway share market has been firm, having been assisted by
“
Short clear
38 6
0
the cheapness of money, the favorable agricultural prospects Beef, pr. mess, $ tierce.60 0
6
36
6
Lard, prime West. $cwt.37 0
0
43
0
and the hope of better trade in the autumn. Prices, however, Cheese. Am. choice “ 50 0
are high, and during the last two days some realizations have
London Petroleum Market.—
Fri.
Thurs.
Wed.
Mon.
Tues.
Sat.
d.
taken place. To-day the market closed with a steady tone.
d.
d.
d.
d.
©
734
712@73i
©
734®8
Pet’leum, ref. ^ gal.
8
Consols have been as high as 98% to 99 xd.
©
©
©
©
©
Pet’leuin, spirits “
©
The weather has been unsettled during the week, and the
country has been visited by heavy storms. In a few localities (ExrnxntcvciitX auclIlttscclUtuccrus plexus.
some damage has been done, but the crops, as a whole, promise
Imports and Exports for the Week.—The imports of last
to yieldc abundantly. Green crops have made wonderful prog¬
week,
compared with those of the preceding week, show
ress, and there is an abundance of vegetable food.
We now
a
decrease in both dry goods and general merchandise.
require some dry weather to bring the c-r^ps to maturity, and The total imports were $S>155,564,. against $9,188,199 the pre¬
if we should have a seasonable July, wheat-cutting will be ceding week and $9,218,221 two weeks previous. The exports
-commenced in early districts at the close of the present month; for the week ended July 13 amounted to $8,098,810, against
affected the market for Continental governments’
61
36
38
60
36
50
..
..
..
..
..
.
.
..
.
..
..
..
..
..
..
..
July
THE
17, I860.]
and $9,163,891 two weeks previous. The
following are the imports at New York for the week ending
(for dry goods) July 8 and for the week ending (for general
$9,447,246 last week
merchandise) July 9:
FOREIGN
Dry Goods
General mdse...
$1,296,131
$960,105
3,154,941
$1,304,836
5,468,261
Total week
$6,764,395
$4,115,046
$4,741,393
/
158,509,243
148,722,827
176,594,040
reported..
3,436,00
$8,155,564
1879-80.
1878-79.
$24,826,152
$29,586,922
$29,010,838
1.$1S3,35S,435 $152,837,873
57,745,971
49,009,710
51,493,797
45.683,897
40,897,154
40,165,384
45,598,729
47.704,263
43,738,327
40,512,404
January.
$163,250,636 $273,237,343
trade will be found the imports
In our report of the dry goods
of dry goods for one week later.
The following is a statement
February
March
April
May....
Juno..
'
of the exports (exclusive of
New York to foreign ports for the
specie) from the port of
week ending July 13 :
EXPORTS FROM NEW
25,542,880
25,268,823
26,825,566
23,725,805
22,596,377
25,657,546
35,166,717
.
Total s’ce Jan.
<—Exports (Spec te included)—,
$27,128,509
October
November
December.
265,081,779
exports^
1878-79.
..
$1,818,667
6,336,897
and
1879-SO.
September
1880.
1879.
the total imports
two fiscal years:
following statement gives
August...
FOR TnE WEEK.
1878.
1877.
Prev.
The
each month during the past
-Imports.July
IMPORTS AT NEW YORK
6T
CHRONICLE.
26,968,987
28,238,007
28,935,160
24,688,944
23,471,878
31,620,500
32,509,738
36,712,231
37.928,958
30,751,674
34,493,367
26,236,485
24.496,170
35,239,172
34,864,181
35,783,772
43,084,508
29,891,573
29,039,120
27,840,341
23,693,423
29,042,093
31,129.247
28,489,912
28.769,674
28,828,608
32,475,043
$524,844,862 $306,746,125 $400,798,000 $351,319,610
—The following visitors from the United States
have been registered at the counting house of
*
Rose & Co. up to the 24th June, 1880.
New York—T. Henry Mason, J. H. Redfield, Rev.
Total
and Canada
Messrs. Morton
Russell
YORK FOR TnE WEEK.
Booth, D.D., Mrs. George H. Palmer, Miss Parker, Miss Ryder,.
1880.
For the week....
$5,873,670 $3,098,810 Howard Willetts, Samuel Willetts, Henry T. Willetts, Mr. and
Prev. reported.. 133,963,430 177,162,596
163,899,944 205,044,676 Mrs. Win. M. Bliss, C. F. Davies, Mr. and Mrs. Samuel Milliken,
Mrs. Amelia Spiess, Charles A. Hess, Mr. and Mrs. Edward
Total s’ce Jan. l.$144,122,877 $132,575,633 $169,778,614 $213,143,486
Matthews and Miss Matthews, Bernard H. Nadal, J. H. Kean,
The following will show the exports of specie from the port
F. J. Stimson.
Boston—Mrs. Charles Blake, F. B. Jenks, W.
of New York for the week ending July 10, and also a com¬ 0.
Blake, Mr. and Mrs. Henry M. Peyser, Dr. E. D. Robbins.
parison of the total since Jan. 1, 1880, with the corresponding Minneapolis, Minn.—Mr. and Mrs. Charles H. Woods, E. S.
totals for several previous years:
Jones, D. P. Jones. Rhode Island—Charles F. Ballon. Terre
July.
8—Str. Westphalia
London
Am. silv. bars. $148,000 Haute, Indiana—Albert J. Kussner, Mrs. Louise Pence. St.
Louis—W. L. Vandervoort.
Philadelphia—Miss Marie E.
gold)
$148,000
Total for the week ($148,000 silver and $
Denis, Miss D. B. Burt. Washington, D. C.—Captain S. L.
Previously reported ($2,658,618 silv. and $2,088,887 gold). .. 4,747,505
Phelps. New Jersey—Ashbell Green. Savannah—A. Norden.
New Hamburg—Henry T. Satterlee. Milwaukee, Wis.—K.
Tot. since Jan. 1* ’80 ($2,806,618 silv. and $2,088,887 gold) .. $4,895,505
Same time in—
Same time inKent Kennan. Wheeling, West Va.—Mrs. Alexander Lauglin.
Same time in$49,883,757
$57,067,255 1871
1879
$11,316,379 1875
New Britain, Conn.—Mr. and Mrs. John B. Talcott. Brooklyn —
1870
27,027,185
32,162,324
1878
8,853,454 1874
1879.
1878.
$5,413,092
1877.
$5,154,447
,
—
.
21,297,895
34,184,890
1877
1876
18,212,726
1869
36,773,769
1873:....
S. B. Luyster.
Toronto—Colonel F. W. Cumberland, G. E.
48!786,037 ! 1868!!!!! 57]509!316 Alexander, Hon. D. L. Macpkerson, James Michie. Ottawa —
The imports of specie at this port for the same periods have Duncan C. Plumb.
—The notice of the New York Lake Erie & Western R. R. Co..
been as follows:
in
the Chronicle, to-day, states that the company has made
..Am. silv. coin..
$500
6—Bark Tlios. Brooks... Cuba
716
..Am.
silv.
coin..
arrangements
with Messrs. Drexel, Morgan & Co. to extend the
.Cuba
6—Str. Santiago
Am. gold coin..
2,740 Fourth Mortgage Bonds issued by the New York & Erie R. R.
16
For. gold coin..
Co., maturing Oct. 1, 1880, the principal payable 40 years from
1,939
..For. silv. coin..
Ilayti
6—Str. Iladji
1,000 that date, and interest April and October at 5 per cent in gold..Am. silv. coin..
Porto Rico
1,112 All the present holders may extend as above, upon depositing
.U. S. of Colombia....Am. silv. coin..
6—Str. Crescent City
300
1872!!!!!
•
Gold dust
Gold bars
..Am. silv. coin..
..Am. silv. coin..
..Am. silv. coin..
..Gold bars
..Am. silv. coin..
-
.Bolivia
7—Brig Anita
Cuba
7—Sell. C.M.Richardson.Mexiro
7—Brig Emma Dean
10—Str. St. Domingo
.Bolivia
Domingo
.St.
1,080
149
interest.
18,909
$49,111
gold) .. 4,783,648
($2,941,277 silv. and $1,891,482 gold) ..$4,832,759
Same time in
Tot. since Jan. 1, ’80
Same time in1879
$5,699]493
1878
13,379,917
1877
1876
7,438,792
2,447,409
Same time in1875.....
$7,687,147
1874
2,680,122
1873
2,853,156
1872
2,736,845
following table shows the receipts
Sub-Treasury in this city, as well as the
for each day of the past week:
The
1871
1870
1869.....
1868
$3,346,156
7,317,101
9,747,700
4,008,253
and payments at the
balances in the same,
Balances.
Receipts.
Payments.
“
“
“
“
«
.12...
13...
14...
15...
16...
Total
931,978 89
845,316 12
1,444,226 25
1,082,934 77
938.514 01
830,305 62
1,131,381 56
1,171,020 50
932,789 76
1,132,843 11
6.549.910 96
*,401.837 91
714,424 26
796,014 03
$
$
$
$
July 10...
Currency.
Gold.
84,929,113 83
84,992,060 60
35,123,154
84.976,363
85,317,621
85,269,498
50
90
68
34
6,756,802 72
7,055,147 43
7,032,261 42
7,177,590 47
7.292,928 93
7,477,828 00
Springfield & Northwestern (Ill.)—A despatch from Springfield, Ill., July 10, says: “ Charles Ridgely, of the Ridgely
National Bank of this city, to-day, in behalf of the Jay Gould
syndicate, bought the Springfield & Northwestern Railroad, or
the majority of the interest of Col. John Williams.
This line
extends from Springfield to Havana, a distance of 47 miles, and
will give the Wabash a Peoria connection. The amount paid
is not given officially, but is stated to be about §290,000.”
Texas & Pacific.—In accordance with the terms of the mort¬
gage, the directors have authorized the issue of scrip for one
year’s interest, at he rate of 7 per cent per annum, to July 1,
1880, on the income and land grant bonds of the company.
Foreign Trade of New York City.—The New York Daily
Commercial Bulletin gives the following statement of the
foreign trade of New York City for the years ending June 30:
Imp>orts
1880.
1879.
1878
Entered for consumption.. ..$214,822,744 $141,441,227 $127,243,204
Entered for warehousing— 101,835,723
69,318,738
74,962,245
Free goods
124,827,664
86,427,934
83.552,006
Specie and bullion
83,358,731
11,558,206
20,690,945
Total entered at port
.$524,844,862 $306,746,125 $306,448,400
...
■Withdrawn from warehouse.
Exports—
Domestic produce
Foreign free goods
Foreign dutiable goods
Specie and bullion
Total exports
83,215,636
66,611,431
80,765,471
on or
—The semi-annual dividend of
$386,064,796 $327,929,161 $327,542,948
2,161.880
2, 03.258
2,743,251
4,517.387 . 5,281,618
6,520,576
8,053,937
15,305,573
15,242,864
$400,798,000 $351,319,610 $352,049,639
336,014,037
336,806,773
the New York New
England
and Western Investment Company is noticed in our advertise¬
ments this week.
The dividend is 5 per cent on the capital
stock of the company. This dividend shows that the company
has made a great success in doing a profitable business
the earliest years of its existence.
—Attention is called to the card of Messrs. George Stark &
during
Co., bankers, in this issue
of the Chronicle. This firm buys
cash or on commission, and
and sells investment securities for
makes a specialty of Western farm
mortgages bearing from 7
It also undertakes the negotiation of
property in large or small amounts#
—Messrs. Chas. A. Sweet & Co., of Boston, are offering the 5
per cent registered bonds of one of the most substantial rail¬
roads in the country—the Phila. Baltimore & Wilmington.
This is an old 8 per cent dividend road, and its bonds rank
among the best issued.
10 per cent interest.
loans upon Western city
to
Company announces its seventh
monthly dividend of 25 cents per share, payable at Wells,.
Fargo & Co.’s on the 20th inst. Transfers closed on the 15th.
—The dividend notice of the Little Chief Mining Company
will be found in our advertising columns. The dividend is pay¬
Deadwood Mining
—The
able
on
the 24th inst.
BANKING AND FINANCIAL.
HATCH,
BANKERS AND DEALERS IN GOVERNMENT BONDS,
And other desirable In\estment Securities,
No. 5 Nassau Street, New York.
FISK
&
amounts,-
Buy and sell all issues of Government Bonds, in large or small
market prices, and will be pleased to furnish information in
reference to all matters connected with investments in Government
at current
Bonds.
We are
prepared to give information in
Securities and to execute orders
Buy and sell all
regard to first-class Railway
for the same.
marketable Stocks and Bonds on
in the open market.
Receive accounts of Banks, Bankers,
Stock Exchange or
commission, at the
Merchants and others, and allow
daily balances; and for those keeping accounts with us
collect U. 8. coupons and registered interest, and other coupons,
dends, &c,, and credit without charge.
interest on
we
divi¬
Institu¬
mP* We give special attention to orders from Banks, Bankers,
out of the city, by in a 11 or Telegraph, to buy or
sell Government Bonds, State and Railroad Bonds, Bank
Stocks, Railroad Stocks, and other securities.
We have issued the Seventh Edition of “ Memoranda Concerning
Government Bonds,” copies of which can he had on application.
FISK & HATCH.
tions and investors
Total, exclusive of specie.... 392,744,063
„
are
with Messrs. Drexel, Morgan &
before Sept. 15, 1880, who also give notice that they
prepared to purchase said bonds at 100/£ and accrued
Co.,
20,200
Y$24,7’75 silver and $24,336 gold)
Previously reported ($2,916,502 silv. and $1,867,146
Total for the week
their bonds for that purpose
300
150
THE
62
CHRONICLE,
Liabilities.
JJlue ^Bankers’ (Gazette.
Name of
Per
Cent.
Company.
Railroads.
Columbus <fc Hock. Valley
National bank notes outstanding
Amount on hand
~
State bank notes outstanding
Dividends unpaid;
Individual deposits
United States deposits
:
When
Books Closed.
Payable.
(Days inclusive.)
4
$1 50
$1 50
3*2
July 15
July 20
dem.
On
Total
Number of banks
5
6
July 16
July 16
2*2, July 16
Schuylkill Valley Nav. & RR
Banks.
German American
-
Olo
Insurance.
American Fire
Farragut Fire
4
Guardian Fire
Hoffman Fire
Lamar
Manhattan Fire
Mechanics’ 6c Traders’ Fire
Merchants’ Fire
Pheiiix (Brooklyn)
Relief Fiie..
3
5
5
5
0
5
5
5
Republic Fire
3*2
3*2
7*2
Standard Fire
Williamsburg City Fire
10
Aug. 2 July 20 to Aug. 2.
FRIDAY, JCLY 16,
1880-5 P. M.
Situation.—The finan¬
The tone, however, is
one
ing outlook. It seems to be tolerably certain that the grain
crop of the country, taken altogether,*is going to be a large
one, and the main question yet to be settled is, whether prices
are likely to decline
materially during the coming season, owing
to a smaller demand for export.
Should prices be even fairly
maintained, and grain and cotton go forward as they did last
year, a renewed importation of gold would seem to be almost
inevitable. Such a movement would also be assisted by the
demand for railroad and other American securities abroad,
which keeps up quite steadily, although pub ic attention is but
little drawn to the matter.
The money market is exceedingly easy, and exceptional rates
below 2 per cent have been made for call loans; but, as a fair
quotation on the various classes of collateral, 2@3 percent may
be given. Prime commercial paper sells readily enough at 4<d)*5
per cent.
The Bank of England weekly statement, on Thursday, showed
a decrease of £91,000 in
specie, but the percentage of reserve
to liabilities was 51 7-10 per cent,
against 50 3-10 per cent
the^ previous week. The discount rate remains at 2/£ per cent.
The last statement of the New York City Clearing House
banks, issued July 10, showed an increase of $1,084,000 in the
legal reserve, the total surplus being $17,703,225, against
$10,083,025 the previous week.
The following table shows the changes from the previous week
and a comparison with the two preceding years.
1880.
Differ’rices fr’in
1879.
previous week.
July
ing
April 23, 1880, was $344,826,461, which amounts include the
insolvent banks, of those in voluntary liquidation, and of those
which have deposited legal tender notes under the act of June 20, 1874,
for the purpose of retiring their circulation.
12.
1878.
Juljr 13.
Loans and dis. $293,428,500 Iuc .$1,041,200 $202.951,900l$234.120,100
Specie
70.S22.1 OOJuc
4,053,500!
19,971.500;
22.0 4 8,000
Circulation
4 0.200i
19.525.800 Dec.
20.509.900
19,522,100
Net deposits
290,714.700 Inc
7.030.400 241.328,800! 217.411.500
Legal tenders.
19,0 24,800 Dec. 1,059,800j
51.301.900
55,550,300.
not very
DESCRIPTION OF BONDS HELD FOR CIRCULATION.
Registered bonds, loan of February, 1861 (1881s)
Registered bonds, loan of July and August. 1861 (1881s).
Registered bonds, loan of March,-1863 11881s)
Registered 10-40$ (act of March 3, 1864)
:
Registered bonds, loan of July 1, 1862, and July 2, 1864,.
Registered consols of 1867 (act of March 3, 1865).,
Registered consols of 1868 (act of March 3, 1865)
Registered 5 per cents, funded loan of 1831
Registered 4*2 per cents, funded loan of 1891
Registered 4 per cents of 1907
.
Legal
reserve.
Reserve lield.
90,440,900;Inc
! $17,708,225
Surplus
i
nc
.
.
$1,909.100i $60,332,200
$54 352,875
71,273,400
77,00 4,900
3,593,700
$1,084,600
$10.9 41,2001 $23,252,025
The following is an abstract of reports made to tire
Comp¬
troller of ihe Currency, showing the condition of the national
banks of the United States, including national
gold banks, at
the close of business on April 23, 1880, and June
11, 1880.
Resources.
3x>aus and discounts
Overdrafts.
United Btates bonds to secure circulation
United .States bonds to secure deposits..
United States bonds on baud
Other stocks, bonds and mortgages
Due from approved reserve agents
Due from other national banks
Due from State banks,aud bankers
Real estate, furniture and fixtures
CuiTeut expenses and taxes paid
Premiums paid
Checks and other cash items
Exchanges lor Clearing House
Rills of other national banks
Fractional currency
Gold coin
Silver coin
Gold certificates
Silver certificates.
Gold clearing-house certitieates
Legal tender
notes
United States certitieates of deposit for
legal-tender notes
Five
j>er cent redemption fund
Due from United States Treasurer
Total
A pi.
23, 1880T June 11, 1880.
$989,592,200 $991,1 43,120
3,378,022
361,274.050
4 4,727,000
29,50 4,000
4 2,494,927
103.908,002
54,493 003
4
3,290,405
47,807,513
7,008,097
3,791,703
9,857,411
99,357,050
21,004,504
395,747
39,599,408
5,4 10,403
7,380,000
3.509,520
359,512,050
14,7^7,000
28,004,800
4 4/048,3 4 5
1J 5,935,008
50,578,444
13,801,582
47,979,244
0,778,829
3,702,354
9.980,179
122,390.409
21,908.193
387,220
43,022.509
5,802,035
8,439,500
495,800
33,538,000
01,059,175
04,480,717
7,870,000
10,009,988
1.100,071
12,500,000
15,920,010
1,079,073
49.5,400
4 1,087.000
$1,974,000,472 $2,035,493,280
34,249,050
17,329,100
1,379,900
4,363,000
3,000
15,000
*
138,378,750
37,760,950
126,076,300
*
*
Acts of
July and January, 1870 and 1871.
The closing prices at the New York Board have been as fol¬
lows
:
Interest' July
10.
Periods.)
6s, 1881....
July
July
12.
-13.
11.
..
coup.
This is the price bid:
6c J.
J.
& J.
& J.
& J.
no
*124
*123
*124 O *123
*125
*123
*12.5*2 *123
*126
*123
sale
was
July
15.
16.
*101*2 *101*2 *101^8 *101*2
*1034 *1034 *1034 *1034
*1034 *10334 104
*1034
*102
*102
Q.-Feb.
..reg. J.
..reg. J.
..reg. J.
..reg. J.
--reg. J.
July
*101 *2 *101 *2 *101*2 *101*2
103*2 1033b *103*4 1033b
..reg. Q-Mar. *109=4 1097y *1097h 110*8
1094: *10978 *1 097h 110*8
coup. Q.-Mar.
108*8 3 08*8 108*4 *108*4
..reg. Q.-Jau.
coup. Q.-Jan. *108*8 108*4 108*4 *108*4
5s, 1881
4*2S, 1891
44>s. 1891
*
July
-.reg. J. & J. *101 ^8 *101*2
coup/ J. 6c J. *10!58j*101*2
r eg. J.
6c. J. J 04
*103:4
*103:4
coup. J. & J. 104
..reg. Q.-Feb. -102*8 *102
*123
*123
*123
*123
*3 23
*126
*102
*102
*103*4
1033s
*110*8
*110*8
*108*4 108*2
1083s 1083e
*1 10
*1 10
*123
*125
*126*2 *123*2 *125*2
*127
*124
*126
*127*2 *124*2 *126*2
*128
*125
*127
made at tile Roam.
State and Railroad
have
Bond*.—The transactions in State bonds
been small, but the prices of the Southern bonds are
strong, except for Virginias, which are prejudiced by the re¬
adjusters’ agitation.
Railroad bonds are very strong, and the great demand for in¬
vestments and the high prices of Government bonds, which make
them pay only about 3Yz per cent per annum, push up the prices
of first-class railroad bonds to quotations which were unknown
here until within the past year.
Messrs. A. H. Muller & Son sold the following at auction :
Shares.
S hares.
8' First National
Fish kill
Bank
106
.
$72,078.075! Inc
$2,092,000
*
.
..
Ronds.—The
dealings in Government bonds
heavy, because they are somewhat checked by the
high prices ruliDg. A few considerable lots have been taken up
by savings banks, and the United States Treasurer purchased
$250,000 currency sixes for the Pacific Railroad sinking fund.
A Washington report gives the following statement of the sev¬
eral classes of bonds held as security for National Bank circula¬
tion, as they appeared on the books of the Treasury
Department on July 1, 1880:
are
of decided firmness, and if buyers are not in heavy force, neither
are there large orders to sell, and the
principal holders.of stocks
are satisfied to keep them at present
figures and with the exist¬
July 10.
2,075
*Tlie amount of circulation outstanding June,11, 1880, ns shown by
the books of this office, was $344,995,020, and the amount outstand¬
United States
*
cial markets present the usual aspect of midsummer lethargy.
Mr. Gould is off for the mountains; Mr. Keene is much of the
time at Newport, and the giants of the stock market are gener¬
ally absent from their usual haunts.
$1,974,600,472 $2,035,493,280
,
notes of
On dem.
On dem.
O11 dem.
On dem.
On dem.
On dem.
On dem.
On dem.
O11 dem.
On dem.
On dem.
On dem.
On dem.
The Money Market and Financial
Deposits of U. S. disbursing officers
Due to other national banks
Due to State banks and bankers
Notes and bills rediscounted.'.
Bills payable.
-
East Mahanoy
East Pennsylvania
Middletown Union & W. G
Mill Creek & Mine Hill Nav. & PR.
Mt. Carbon 6c Port Carbon
April 23,1880. June 11, 1880.
$456,097,935 $455,909,565
117,301,422
118,102,014
48,219,183
50,443,635
*318.088,562
*320,759,472
3,239,417
4,450,139
299,790
290,738
1,547,279
1,330,179
791,555,059
833,701,034
7,925,988
7,680,905
3,220,006
3,026,757
157,209,759
171,462,131
03,317,107
67,938,795
2,610,900
2,268,769
4,529,907
5,250,192
Capital stock paid in
Stupids fund
Other undivided profits
DIVIDENDS.
The following dividends have recently been announced
[Vol. XXXI,
2
Howland
Circulating
Library. Fishkill
;
2,139 Arizona Mining Co
20
500 TheRiddlesburg Coal &
Iron Co
11 Park Fire Ins. Co
33 Citizens’ Ins. Co
Hands.
$2
York Life insur¬
6c Trust Co
395*2
67 Merchants’ Nat. Bank,
New York
129
35 Gallatin Nut. Bank
140*2
40 New
ance
15 Leather Manuf. Nat.Bk. 162*2
30 Seventh Ward Bank
37
89
Butchers’ A Drovers’
Bank
116
27 Relief Fire ins. Co
79*2
J6Nevassa Phosphate Co.$555
118 Bobtail Mining Co., $5
£
1,000 survey fund
of
the
Honduras
12
115*2
.202*2
’..
receipt
J liter-
Oceanic Railway Company,
limited, foi*.....
5
$10,000 State of Indiana pre¬
ferred 5 per cent canal stock
(Wabash 6c Erie’Canal), for $60
$3,680 Convertible land gr.
certificate of the Chicago 6c
Northwestern Railway Co.
each, per share
(foreclosed), upon which
$2 10
11 4 p. e. has been paid, for. 31
10Honduras Intel-Oceanic
Railway Company
$5
$10,000 Selina Rome 6c Dalton
RR. Co. 1st mortgage bonds,
852The Enriquetta Gold Co.
of Arizona
7
carrying coupons of April,
1,000 Jefferson Lead Co
5
1872, and subsequent
4*2
Railroad and Miscellaneous Stocks.—The stock
market
has been somewhat variable in tone, but closes with much
strength, and prices considerably higher than last week. -The
reports of any great damage to the grain crops of the North¬
west are pretty
thoroughly disbelieved; and, on the other
hand, the reports of an injury to the wheat crop in Russia
seem to be probable, although not to such an extent that ex¬
ports have been prohibited, as stated in the press despatches.
The situation is unquestionably favorable so far as concerns
the traffic on railroads, but as to the present prices of stocks it
is to be remembered that within a month they have advanced
10(6)15 per cent from the lowest point reached in the decline of
May and June. The statement of the Philadelphia & Reading
Receivers was issued just after our report of last week went to
press, and we publish a great part of the figures in detail on
another page.
The report can hardly be looked upon as ea-
July
THE
17, 1880.]
CHRONICLE
63
The latest railroad earnings and the totals from Jan. 1 to
couraging, and the immense liabilities of the company, in one
dates are given below. The statement includes the gross
latest
compared with its present earning capacity,are
of all railroads from which returns can be obtained.
earnings
suggestive of the extravagance with which the capital account
was expanded.
As a class, the elevated railroad stocks in Newr The columns under the heading “Jan. 1 to latest date” furnish
York have been most unsettled in tone, owing to the pending the gross earnings from Jan. 1 to, and including, the period
discussions, negotiations and apparent disagreements among mentioned in the second column.
form and another,
Union Pacific has been one of the strongest
the directors.
stocks the past two days, and various rumors have been circu¬
lated about it, but none of them with any authority; the earn¬
large, but the interest charges on
are also heavy.
The Erie road, in
eight months of its fiscal year, has earned $4,859,451 net, and
the interest charges for this whole year to Sept. 30 are about
$4,000,000, leaving the road four months yet to run in which to
earn dividends on the preferred stock, &c., &c.
The daily highest and lowest prices have been as follows:
ings,
reported,
are very
the whole consolidated line
as
Am. Dist. Tel
Saturday,
Monday.
Tuesday,
July 10.
July 12.
iJuly 13.
69
.
Atl.&Pac.Tel. *4014
r*
Canada South. u t
Cent.of N. J.. oo’4
Cent.
Pacific..
70%
Ches. & Ohio.. *17
24 %
Do lstprf.
Do 2d prf.. *18
Chic. & Alton.
Chic Bur.& Q.
Chic.M.&St.P.
Do
pref.
Chic. & N. VV..
Do
pref.
C.Il.I.&P.new
Ch.St.L.&N.O,
Ch.St.P.M.&O
Do
pref.
Clev. C. C. & I.
Col.Chic.&I.C.
Del.&H.Canal
Del.Lack.&W.
Denver* R.G.
Han.&St. Jo..
694
424
424 *41
574 *56
07% 67
704 70
.
364
*694
36
69
67
00)4 664
16
15%
75%
78%
16
7U* 754
77
784
62^ 624
32
32%
pref. m\4 724
Do
*
65
Hous.&Tex.C.
Illinois Cent.. ’104U
Lake Erie&W.
Lake Shore.... 102'4 1034
Louisv. ANush *122 129
31M
Mich.Central,.
86% ^74
.
.
.
.
•
....
.
684
69%
72
4/0
.
...
....
.
.
.
.
.
.
.
.
.
.
.
58
68
x09
42 %
69%
<0%
....
27
21
no
121
*
...
no
121
no
1214
43%
59% 60
69% 704
70
70.4
59
110
121
18
no
18
no
121% 122
.
♦
t
»
....
»
*61
33
69
324
62
64
32% 33
*08% 694
66
*
334 :ii
68% 694
674
62
02
62
335h 35%
69% 714
334 33%
69
69%
04
....
&5
04
65
105% 105% 1054 1054 105% 1064 1064 107
294 29% 28% 29% 2916 29%
274 28% 28% 29
102% 1034 1034 104
103% 104% 103% 104% 104% 105%
126
126
*125 126
123
125
124
125
124
125%
*1014
....
314 314
31%
30%
*
»'»
CO £
35%
....
6L
60
19%
624
62
62%
61%
62
24
24
,
.
:ii%
32%
72%
72%
20
20
32%
17%
404
41% 40% 41%
31%
73%
40%
154
17
17
»
17
t
.
5%
89
30%
354 85% 35% 36% 35% 364 36
104% 104% 105% 105% 104% 104% 1054 1054
19
■
.
19%
19
-
1284 128% 128% 128% 128% 1294
40% 41% 41% 42% 41% 42%
69% 71
674 69
69% 71
26
26%
26% 25% 20% 26
26
264 26% 20% 26
20%
434 494 48% 48% 48% 48%
St.L.A.&T.H.
Do
pref.
.
5%
5%
5%
894 89% 89%
im 20% 204 204
89
61
31% 32%
30%
89%
88%
....
19
....
....
89%
19%
.
884
29%
30%
«...
5
5
87
30
29% 31
31
t
19
Mobile* Ohio. 19
Mo.Kans. AT. 34% 35%
105
Mor.* Essex.. 105
60
Nash.Ch.&StL 59
NewCent.Coal
N.Y.C.&1J. K. 1284 1284
N.Y.L.E. * W. 00J4 40%
Do
pref. 664 67
N.Y.Ont. & W. 25% 27
Northern Pac. 26,4 20i.f
Do
pref. 474 47%
Ohio Central..
Ohio * Miss... 31% 324
Do
pref.
Pacific Mail... 394 40%
Panama
Phil. * Read’g 164 18
.
«...
.
80%
74% 7414 76% 76% 77% 76% 78% 79
104% 104%
1034 1034 103% 104
1034 102% 103
90
89
884 89%
914 89% 91% 91% 924
108% 109% 109% 110%
1084 108% 108% 109
106
106
106
105% 106
106%
105%
105%
1004
28
28
2/% 29
37
:w% 37% 38% 394 40
36% 37% 38
72
73
71
71
704
*69% 71
684
69
68% 68% 69
68% 68
674 674
16 •
16
16% 164 16% 16
16% 164
77% 70% 774 76% 77% 77% 77%
774 77
794 79% 79% 78% 79% 78% 80% 79% 80%
x69
....
Manhattan...
Mar.&C.lst pf.
Do
2d prf.
.
120% 120% 120%
•
....
36
69
.
111
111
#
424
574 57%
68% 69%
24%
Friday,
July 16.
July 15.
424 424 *41% 42%
42 4
70
120*, 120*; 1204
74
7j4 73%
102k> 103
1034
88
89% 88%
108
108%
104
105% 105%
;
July 14.
a
684
18
24 4 *23 4
214
Wednesd. Thursday,
•
9
•
174
•
62
18
32% 32%
32%
404 40%
41
784
414
65
24
24%
1287% 1294 1294 129%
424
42%
41% 42%
694 704 <"% 71%
264
25% 20% 26
20</fa 27
26% 27
40
49
49
494
.
180
17
ISO
16%
•
....
41%
.
•
.
IS
....
'
•
St.L.l.M. * So. 4 i%
St.L.* S.Eran. *324
Do
pref. *414
Do lstprf. 694
Sutro Tunnel.
1?4
Union Pacific. 874
Wab.St.L.* P. 35%
Do
pref. 63%
West. Un.Tel. 1044
454
34
45
»
t
0
45%
45%
*
34
45
71
45
09.4
1%
88
304
64%
1054
*69
1%
87%
35% 36%
1%
*87
04
105
65
1054
59%
59%
45%
46
34
45
35%
40%
*09%
70
1%
87%
83
36%
64%
i
46
*35
46%
46
40%
36
35%
46%
35%
46%
46%
40%
73
*69
1%
36%
86*2
90%
35%
654
65%
64%
37
66
105
35%
v
.
.
.
I
*1%
90%
Jbi
37
37%
1 05% 664
106% 105% 106%
These
ere
the prices bid and united: no sale
was
made at the
Hoard,
t A sale was also made ex-div. at 6836.
Total sales of
leading stocks for the week ending Thursday,
the year 1879 and from Jan. 1, 1880,
and the range in prices for
to date, were as follows:
Sales of
j
Range since Jan. 1, 1880.
I
Week,
Shares.
950
Canada Southern....
Central of N. J..
03,(500
Chicago A Alton.....
424
....
Lowest.
40
45
...
Do
do pref.
Chic. A Northw
Do
do pref.
♦Chic. Rock f. A Pao..
Col. Cliic.A Ind.Cent.
Del. A Hudson Cana?
Del. Lack. A Western
Hannibal A St. Jo...
Do
do pref.
3,825
87,0(58
Michigan Central
Missouri Kan. A Tex.
Morris A Essex
Nasliv. Chutt.. A St. L.
N.Y. Cent.A Hud.Iliv
N.Y. LakeE. A West.
Do
do pref.
Northern Pacific
Do
pref,
Ohio A Mississippi..
Pacific Mail
Panama
Phi I a. A Reading
flt.L.Iron Mt.ASouth.
St. L. A San Francisco
Do
pref.
Do
1st pref.
Union Pacific
Wab. St. L. A Pacific
Do
' do pref.
Western Union Tel,.
*
87%
2,720 100%
9%
(50
9.507
82,100
(58%
3,105
Illinois
Central
Lake Erie A Western
Lake Shore
Louisville A Nasliv..
Manhattan
99
1,940 104
5,350
2,455
700
4,800
0(5,5 i()
(500
7,990
5,935
22,180
1,102
4,200
5,983
2(51,184
25,HuO
2,810
1,940
10,350
35,510
01
11,040
0,035
2,000
3,100
.
100
25,067
9,700
22,200
70.740
May. 17
May 25
99% Jail.
Chic. Burl. A Quincy
1,270 113
Chic. Mil. A St. P
(5(5%
205,870
22%
03%
99%
20%
95
80%
24
75
Highest.
j Low.
74% Jan. 14
90% Mar. 8
45%
78%
33%
89%
2 11(5
2 152
Mar. 29i 75
100%
June
Jan. 20 111% 134%
May 25 85% Mar. 27 i 34% 82%
May 10 107% Mar. 29 743, 102%
Mar. 31 1 49% 94%
July 9 97
Feb. 10 110% July 1(5
70% 108
June 11 204
June 8119
150%
28
May 11 25% Jan. 2(5 i
5
May 25 8(5% Mar. 30 38
89%
May 25 94% Mar. 22 43
94
May 25 42% Feb, 24 3 3% 41%
Feb. 24 1 34
May 25 7(5
70%
Jan.
2 ID)
Mar. 31 ! 79% 100%
May 11 38% Mar. 4 f 10
28%
June 2 111 % Mar.
108
4 (57
8 104% Apr.
Jan.
2 35
89%
May 18
May 17
57% Mar. 10
9(5% June 28
28% May 25 49% Jan. 27
100
May 24 110% Feb. 28
Mar.
47% June 1 128
5
122
30
47
20
1
35
72%
73% 98
5% 35%
75% 104%
35% HR
Mar. 31 112
139
May 11 137
June
1
48% Feb. 2 21% 49
May 25
73% Feb.
May 11
395% May 24
30
23
44% Mar.
May 25
00
27% May 17 02
108
Jan.
2 190
13% July
2 72%
34% May 25 00
25% May
33
May
00
May
80
May
11
11
11
11
20% May 25
51 % May 25
8(5% June
48
2
Jan. 14 r io
Jan. 13 144%
Mar.
(5
7%
8
10%
Apr. 13 123
78%
10%
(55
33%
39%
182
Jan.
3
Feb. 17
Feb.
2
00% Mar.
8
83% Mar. 0
97% Jan. 19
48
37%
13
3%
4%
9%
57%
00%
78%
95
Jan. 27
2 110% Feb. 21
132,096 103,684
& Q...May .......1,619,227 1,171,303
3,533.985
6,714,248
16,675
DubuqueAS.City .1st wk July
613,239
678,521
110,179
179,645
178,379
191,731
8,175
201.225
15,315
171,113
7,855,408
812.808
2,287,597
5.349.271
151.349
403,508
4.206.272
13,711
558,545
5,687,000
8,390,313
717,338
35L4SS
419,573
48,687
1,909,263
36,249
209.068
183,250
92,274
22,381
44,354
16,569
14,231
203,840
482,947
1,202,318
468,223
910,789
190,309
458,753
433,093
901,391
518,209
4,168,131
2,043,431
1,393,087
16,749
10,582
-
Eastern
1,091,321
May
227,415
Flint A Pere Mar.4th wk J’ue
35,933
18,819
743,114
Grand Trunk _Wk. end. J’iy 3 197,218
152,910 4,958,522
Gr’t Western AVk.end.J'ly 2
98,801
75,879 2,386,407
Hannibal A St. Jo 1st wk July
36,198
22,579 1,169,024
Houst. A Texas C.May
188,120 165,551 1,265,504
IllinoisCen. (III.).Juno
521,277 460,171 2,800,194
Do
754,100
122.230
120,407
(Iowa). Juno
,569,704
Indiana Bl. A W..4th wk J’ne
18,444
25,694
Ind. Dec. A Spr..June
36,720
lilt. A Gt. North.. 1 st wk July
19,848
732,138
22,202
K. C. Ft. S.A Gulf.3d wk June
15,717
506,869
17,403
Kans.C.Law.A So.3d wk Juno
7,737
317,090
16,810
Lake ErieA West.June
112,565
48,278
170,218
Little Rk. A Ft. S.May
14,690
21,471
Louisv. A Nasliv.1st wk July 133,000
73,855 4,028,795
7,958
Minn. A St. Louis.3d wk June
19,708
284,334
Mo. Kan. A Texas. 1st wk July
49,509 2,045,038
64,277
25,541 1,003,158
Mobile A Ohio
35,330
4 th wk J’ne
Nasliv. Ch.ASt.L. June.......
105,047 1,034,550
154,000
273,746
N. Y. A Canada ..May
37,238
53,483
N.Y. Cent. A Hud. June
2,653,477 2,022,823 15,742,478
N. Y. L. Erie A W.May
1,592,544 1,350,574 7,429,252
N.Y. A N. Fugl’d. J’ne 1 to 23
137,874 128,089
Northern Central. May ..>....
329,788
317,568 1,796,597
910,031
Northern Pacific .June
261,269
198,744
9,104
233,533
Ogd. A L. Champ. 1st wk J uly
11,208
Pad. A Elizabeth!. June.
178,317
21,181
29,301
Pad. A Memphis. .3d wk June
91,236
2,560
3,221
6,960.332
567,491
270,639
320,242
1,517,944
915,638
.
--
1,038,876
2,528,460
699,442
i
-
523,150
704,141
356,475
193,144
106,441
2,702.610
184,723
1,292,316
856,579
837,887
155,831
.
13,157,968
6,434,673
1,519,213
709,242
163,519
129,493
70,452
3,417,916 2.708,695 16.212,595.13,023,248
.May
...
Peoria Dec. A Ev.May
40,800
Philadel. A Erie..May..
311,470
Phlla. A Reading.May
1,457,881
Ports.Gt F. ACon. May
14,476
Rensselaer A Sar. May
141,392
St.L.Alt.AT.II.
1st wk J uly
22,649
Do
8,930
(brclis). 1st wk July
St. L. Iron Mt.AS. 1st wk July 102,000
St.L. A Sail Fran.1st wk July
40,147
St.Pau) A Duluth.May
57,715
St.P.Minn. A Man June
243,407
St. Paul AS. City.. 1st wk July
19,961
167,412
264,409
1,332.547
10.416
1,443,774
6,790,931
130,308
19,698
688,913
642,732
1,142,539
5,351,654
503,591
7,020
306,790
419,945
254,786
71,921
21,823
2,722,332
2,001,015
1,157,110
541,677
50,002
206,147
151,529
190.349
15.158
4,229
1,438,001
654,496
141,154
128.308
153,065
120,815
23,750
19,250
684,386
593,516
June...
1,936.000 1,283,000
Union Pacific
Wab.St.L. APac.lstwkJuly 176.424
133,853
5,490,282
3,773,589
Scioto Valley
...
6,410
.1st wk July
Texas A Pacific ..June
Tol.Peoria A War. 1st wk
July
5il,34i
Exchange.— Foreign
exchange is feeling the influence of the
heavy produce exports,
combined with the foreign purchases of
Kates for sterling are again
actual transactions .sixty day bills are sold at 4 83
American railroad securities.
lower, and
on
Cable transfers
and demand bills at 4 85.
are
about 4 85@
'
In domestic exchange the following were the rates on New York
at the undermentioned cities to-day : Savannah, buying
selling
premium; Charleston, buying % discount, selling %
premium; New Orleans commercial, 125@150 premium, bank
259 premium ; St. Louis, par ; Chicago, par ; Boston about par.
Quotations for foreign exchange are as follows :
4
85/i.
July 10.
Prime bankers’ sterling
Prime commercial
Demand.
Sixty Days.
bills
on
London.
Documentary commercial
Paris (franca)
Amsterdam (guilders)
Frankfort (reichmarks)
Bremen (reichmarks)
4
4
4
5
4 8 4%® 4 80
82% a) 4 83%
Sl%3>4 82
81
(v 4 81 %
25% a)5 20
39% a) 40%
93 V®
91%
93
91%
a
....
Napoleons
3 83
®
X X Reichmarks.
X Guilders
4 74
3 96
<z>
Span’ll Doubloons. 15 60
a
Mex. Doubloons.. 15
Fine silver bars
1
Fine gold bars
Dimes A La dimes. —
..
Boston
banks for
3 87
4 78
a> 4 09
15 80
55
^t>15 65
13%® l 14*2
par® % prom.
99 %® par.
Five franca
Mexican dollars..
Do tmoommere’L
English silver
Pi us, silv. thalers.
Trade dollars
Now silver dollars
....
4 83 '0)4
5 2 L%
5
40 ®
94 V®
9 4% a>
The following are quotations in gold for various coins :
Silver 4s and %s. — 99%'S)
Sovereigns
$1 83 S>$4 86
—
—
—
92
89
87
4 75
—
—
—
®
®
®
84
20
40%
95
95
par.
—
—
—
95
90
88
d> 4 82
68 ®
99 a>
99%
—
—
69
994
par.
Banks.—The following are the totals of the Boston
a series
of weeks past :
L. Tenders. Deposits* Circulation. Agg.Clear.
*
$
%
141,831,900 6,202.800
2,717.200 51,125,900 31,144,800 56,670,704
141,179,800
3,363,300
54,175 300
81.172,400 53,567,397
6,203,200
21..
140,837,600
6.115,900
3,693,700 53,873.800 30,689.200 53.650.06S
28..
0,078,800
141,880,400
3,978.200 53,878.800 30,664,600 54,828,137
July 5.. 143,79e,l00
6,808,000 4,181,900 53,7>*1,800 30,780,500 65,016,453
12..
144,541,600
5,830,900
4,877,300 53,650,100 30,573,400 53,228,399
* Other than Government and bunks, less Cleurimj-House cheeks.
Loans.
1880.
June 7..
“
14..
“
88% 110
250,310
1,5;>3,137
3,184.255
1,256,425
Chic. Burl.
Chic.Cl. Dub.& M.4th wk Apr
16,883
Chic. & East. Ill.. 1st wk July
25,813
Chic. Mil. &St, P.1st wk July 240,000
Chic. A Northw.-June
1,653,000
Ckic.St.P.MinAO.lst wk July
23,791
Chic. & W. Mich.. 2d wk June
13,056
Ciu. & Springt. ..1st wk July
13,973
Clev. Col.Ciu. & 1.1st wk July
61.527
Clev. Mt.V. A Del. June
34,932
Del. A H.Can.. Pa. Div.. May.
91,372
Denver A Rio Gr 2d wk July.
78,170
Denv.S.P’kA Pac.May
223,903
Det. Lans. A No..lstwk July
20,579
5(5
53
72% Jan. 27
Ixiwest price here is for new stock, sold for first time June 11.
♦ Range from Sept. 25. { Range from July 30.
High
300,113
Chicago & Alton .1st wk July
Range for
Year 1879.
52,816
317,143 2,036,869
768,750
130,979
24,697 1,013,570
148.457
.
*
551,389
‘
211,645
418,116
84,473
410,000
33,868
17,728
23,511
23,587
1,752,000 1,443,088
Cairo & St. Louis. June
Carolina Central.May
Central Pacific...June
Clies. & Ohio
June..
..
*1%
1054 106% 105% 107
85
48
....
87%
37
654
46%
*;o
1%
1%
884 SS%
1%
....
.
109,405
720,000
52,916
349,010
131,407
31.224
Albany & Susq ..May
Atcb.Top. AS. Fe.June..;
Atl. A Char.Air-L.April
Atl.&Gt. West.... May
Atl. Miss. & Ohio.May
Bur.C.Rap.ANo..Ist wk July
Pennsylvania
....
17
.
•■
•
IS
33
Latest earnings reported.—, /—Jan. 1 to latest date.WeekorMo.
1880.
1879.
1879.
1880.
Ala.Gt. Southern. June
$10,821
$23,263
$284,767
$187,352
“
'•
' %
Specie.
$
.
New York City
of New York City for tli e
of business on July 10, 1380 .
the condition of the Associated Banks
week ending at the commencement
Average
Capital.
Banks.
I
*
New York
Manhattan Co...
Merchants
Mechanics’
Union
America
Phoenix.
Loans and
discounts.
2,000,000
2,050,000
2,000,000
2,000,000
1,200,000
3,000,000
1,000,000
Fulton
600,000
300,000
Chemical
Merch’nts’ Exch. 1,000,000
Gallatin Nation’l 1,000,000
300,000
Butchers’ADrov.
200,000
Mechanics’ & Tr.
200,000
Greenwich.
(500,000
Leather Man’f’rs
Seventh Ward...
300,000
800,000
State of N. York.
American Exch.. 5,000,000
5,000,000
Commerce
718.000
54,000
4,125,900
450.200
142,000
82.500
1.598.100
267.800
165.500
12,251,700
4.156.300
3.977.100
1.411.900
2.904,000
789.200
511,000
312.600
92,000
16,900
359.200
145.400
473.900
Pacitic
Republic
People’s
North America..
Hanover
Irving
700,000
1,000,000
Metropolitan
Citizens’
3,000.000
(500,000
Nassau
1,000,000]
Market.;
St. Nicholas
Shoe & Leather..
Corn Exchange..
Continental
Oriental
500,000
500,000
500,000
1,000,000
1,000,000
....
500,000
15,096,(4)0
11,627.800
5.880.300
3,5(54,100
2.101.900
5.581.500
3.175.200
Park
Mech. Bkg. Ass’n
North River.
East River
Fourth National.
Central Nat
Second Nation’l.
Ninth National..
First National..
Third National..
N. Y. Nat. Exch..
111.80.'
2.406.100
520,100
(595,000
383,000
15.438.500
8,819,000
2,504,000
4.640.000
13.227.00O
750,000
500,000
1,000,000
300,000
250,000
200,000
750.000
300,000
100,000
1,381,700
25.800
920. (f00
4.605.100
'3.576.800
2.243.400
3.214.400
3.655.100
1.283.900
1,119,9(36
135.000
do
io
do
444.300
445,Ui)0
2.798.700
4.000
5.797.100
1.434.400
781,700
3.920.500
180.000
2.556.800
182,000
30.700
125.700
3.451,000
9,014,000
1,486,000
•45,000
90,000
450,000
407.700
115.600
307.000
9,045,800
1.355.800
1.405.000
1.213.300
2.282.800
104.200
2.159.400
546.400
371.700
110,100
3.266.300
1.634.400
613.700
200,000
284,000
26,600
25.000
19.800
976.700
1.439.100
154,800
$1,644.200 1 Net deposits
“
“
'*
1880.
Jan.
3....276,706,200
10....270,116,100
“
'17
276,990.900
“
“
12,723,500 242,087,100 23,748,600
51,473,500 14,097,800 246,995,000 23,812,900
53,558,600 15,914,200 253,731,900 21,635,900
48,282,100
24....280,068,000 51,832,200
31....283,194.500 50.312.800
Feb.
7....290,381,000 52,994,600
14....290,445,200 54,746,500
“
“
“
21....290,091,200
17.143.500
18,580,000
10,437,900
16,686.000
59,*87,200 15,505,500
257,483.700 21,602,900
259,675,900 21,529,900
264,404,200 21,683,200.
207,128,100 21,599,600
271,601,000 21,282,200
271,012,800 21,174,000
271,483,400 21,002,100
270,381,000 20,907,100
264,5:48,200 20,975,800
200,340,500 20,995,200
604,197,943
657,695,260
787,728,198
743,125,031
772,270,895
720,978,130
683,453,357
795,314.114
57,413,300 14,168,000
725,419,855
58,055,000 12,130,400
895,014,025
827,801,840
13....297,256,900 57,927,900 11,652,400
20....204,41'?,400 55,440,100 11,555,100
748,481,804
27.... 290,866,700 54,773.800 11,272,500
044,453,967
April 3 ...290,639,500 53,669.300 10,847,500 259,306,800 20,9S1,600 771,019,070
10....288,470.900 52.023.000 11,935,900 256,267,800 20,987,900 810,774,898
17....284,250,800 50,050,800 18,866,000 253,519,800 20,843,000 849,817,403
24....278,880,200 48,983,600 15,432,100 248,896,700 20,612,800 720,947,840
May
1....280,436,300 49.400,500 17,014,000 252.572,200 20,646,200 697,435,051
8....281,137,700 53,391.500 17,257,100 258,323,000 20,572,900 790.386,569
15
278,571,200, 5(3,278.000 19,229.300 201,075,900 20,498.400 867,632,049
22....272,250,800 50.831,900 21,069,500 258,325,700 20,304.000 759,515.331
29....273,210,400 59,271.700 22,547,400 262,762,000 20,238,100 795.090,673
June 5....276,056,000 (51,109.000 21,934,800 266,839,000 20,059,900 0?9,336,l3l
12 ...279,265,700 63,192,700 22,221,300 271,628.500 10,682,500 73Y.534.533
19....28(5.075,100 04,450,000 22,0(54,300 278,146,700 19,694.900 616,148,241
26....285.905,100 (55,210,100 21,715,800 27?,770,800 19,620,000 607,558,981
July 3....291,784,300 60.108,600 20,684,600 283,078.300 19,572,000 711,472,517
10... .293,428,500 70,822,100 19,024,800 290,714,700 19,525,800 452,751,881
Note.—With December 27 the Grocers’ Bunk disappeared from the list.
28....293,545,000
Mar.
6....297,135,500
“
“
“
“
“
“
“
“
“
“
“
“
“
Lehigh Valley
43
QUOTATIONS IN BOSTON. PHILADELPHIA AND OTHER CITIES.
Bid. Ask.
Old Colony, 7s
Old Colony, 0s
Omaha & S. Western, 8a
Pueblo & Ark. Valley, 7s
Rutland 6s,let mort
Vermont * Canada, new 8s..
BOSTON.
Atcb. & Tcpeka 1st m.7s
do
laud grant 78
do
2d 78
do
land inc. 3s.
Boston & Maine 7s
uoston & Albany 7s...,
do
68
Boston & Lowell 7s
do
6s
Boston & Providence 7*
Burl. & Mo., land erant 7s.. .
ISebr. 68
do
Ex
do
Nebr. 6s
Conn. & Pa88uinpBlc, 7f, 189..
Eastern,Mass., 4^8, new. ...
118% 119
115%(
..
117
m
|118
109^4
:o 2H 103
11014
94
'04 H
10814
Hartford & Erie 7e
4114' 41%
117
116
Ran. City Top. & Vn
7s, 1st
do
do
7s, Inc..
K. City Lawrence & So. 4?... 90
Ka«. City. St. Jo.&C. B. .a. . infill**
Little R’k & Ft. Smith, 7s,1st
9V'M
New York & New Eng. 7s
109% 109%
Ogdens burg & Lake Ch.Se... 102 i.... ,
111%
93
112
93)6
1
118
119
Atchison & Topeka
82
At.dii-oi & Nebraska
Boston & Albany
....
92
03
Boston & Lowel'
-... 130
Boston* Maine..
138
Boston & Providence
51
46
Cheshire preferred.
Chic. Clinton Dub. & Min...., 77)6 77%
12)4 13)6
Cin. Sandusky & Clev
Concord
145
Connecticut River
70
Conn. & Passumpslc
.
35% 30
Eastern (Mass.)
81
PJastern (New Hampshire)...
122
Fitchburg
:
’80
Fort Scott & Gulf, preferrel
do
DuluthR.R.
Com
do pref.
Companies
West Chester consol, pref....
Jersey
CANAL
101
STOCKS.
8%
162
11%
28%
•
»
•
common.
K..O. Law. & Southern.Ex.R
Little Rock* Fort Smith ...
Manchester & Lawrence
...
40
72
....
•
i
pref..,
RAILROAD BOND8.
•
4
7 3-lOs, 1896.. 116
ext.,191( 100
end.,’94 . 27(4
.
.
•
32
68, coup., ’89 105%
mort. 6s, ’89
R12%
& Atl.lstin. 7s. g., 1593
do
2d m. cur. 7s, Ie79..
115
110)4
Cam. & Burlington Co. 6s,’97. L06
Catawlssa 1st,7s, conv., ’82...
10s,’88
new 7s 1900
Connecting 6s, 1900-1904
chat, m.,
do
do
Val., 1st m. 7s,C.,1901
7s, fd. g.’S9
_
Istm.
2d m.
do
do
do
do
7s, gold, ’95
do
103
6s,rg., 1923
6s,op.,19^8
i’i’o*
‘(50
118
113%
112
112
& RR.7s,i89S ....
1906 ....
Pennsylv., 1st m., 6s, cp., ’80..
120)4
Scrip
Pa.& N.Y.C.
do
’76
121
123
101
117
101X
do
gen. m. 6s,cp.,1910.
do
gen. m. 6s, rg., 1910. 120)4
112
cons.m. 63, rg., 1905.
do
112)4
do
cons.m. 6s. cp., 1905.
105)6
do
Navy Yard 6s, rg.’bl
104
Penn. Co 6s. reg
00
Perklomen 1st m. 6s,coup.,’9<
Phila. & Erie 1st m.6s, cp.,’8i. 102%
110
do
2d m. 7s, cp.,’38.
Pkl'a. Newt’n & N.Y.. 1st m.
,
-
*
1st m. 6s, ’43-’44 102)4
do
uu
’48-.I9. | 10
-
2d m., 7s,
In default,
cp.,9i.[114%
t Per share.
§ Cou. to Jan..
f>8,19:6, new
RAILROAD STOCKS.
01
(50
77
103
108
115
113
114
117
119
121
155
158
Par.
100
Balt.* Ohio
’77. funded.
34
'38
50
Central Ohio
Pittsburg & Connell8vllle..50
RAILROAD BONDS.
Balt. & Ohio 6s, 1835,A.&O. ..
N. W. Va. 3d m.,guar.,’85,J*J
Pittsb.* Connell8v.78,’93,J*J
Northern Central 6s, ’85, J&J
do
do
6
108 '4 100
105
108
114
11594
10S
6s, 1900, A.*0. 112
6s, gld, 1900, J.&J. 108
Cen. Ohio 6s, 1st m.,’90,M.& S.
W. Md. 6s, 1st in., gr.,’90,J.&J.
do
1st m., 1890, J. & J...
do
2d m.,guar., J.&J —
do
2d m., pref
do 2d m.,gr. by W.Co.J&J
do 68, 3d in., guar., J.& J
Mar. & Cln. 7s, ’92, F. & A ...
do
2d, M. * N
do
8s, 3d, J.&J
Union RR. 1st, guar., J.&J..
Camon endorsed.
do
111
114
109
114
97
108
114
108
69
100
lil
109*
70)6
■sm
108
108
t
7b
T
7-30s
t
South. RR. 7'30s.t
* do
6b, gold.t
Hamilton Co., O., 6s. long., .+
ao
7s, 1 to 5 yra..f
7 & 7*308, long.f
do
pref.
19 5 +
7s,1905 +
Cin.& Cov. Bridge st’k,
Cln.Ham. & D. coas.6s,
do
110)4
34k
do
do
do
do
do
2d m. 7s, ’85 r
Cin. Ham. & Ind., 7s, guar. .1
Cln. & Indiana 1st m. 7s
+
2d m. 7s, ’IT. .f
do
Colum. & Xenia, 1st m. 7s, ’90
1st m. 7s, ’8H
2dm. 7s,’34.+
3d m. 7s, ’88-)
Dayton & West, lstm., ’8l...1
1st in., 1905.1
do
do
1st m. 68, ’.90>
do
do
109
115
11794
125
111
126
112
107
105
115
130
106
105
112
111
104
lU2
102)4
105
105)4
102
+107
101)6 102
105
103
+ 102
Ind. Cln. & Laf. 1st m.7s,...+ 101
do
(I.&C.) 1st m.7s,’88+ 105
Little Miami 6s,
117
do
UU
do
do
Cin. Ham. &
Columbus &
gen.rn.7s, reg., 1903 '99
Oil Creek 1st m. 7s, coup.,’8i.
Pittsb. Tltusv. & B., 7s, cp.,’96
Phila. & Read.
59)6"
Dayton & Mich.
105)4
:05
Little Schuylkill, 1st m.7s ’82 105
North. Penn. 1st m. 6s, cp./85. 117
do
2d m. 7s,cp., ’96.
do gen. m. 7s, cp., 1903. 113)4
do
94
:9iS.’
CINCINNATI.
114
Ill
2d m.f '.scrip g.,7s
Sd m. cons. 7s, 95*. 55
Ithaca* Athens 1st g d, 7s.,’SO
Junction 1st mort. 6s, ’82
do
2d mort. 6s, 1900 ...
Lehigh Valley, ist,6s,cp.. 1898
do
do reg., 1893...
126
do 2d m. 7s, reg., 1910..
con. m.,
1885..
Cincinnati 6s, long
106)4
Delaware mort., 6s, various
113
Del. & Bound Br„ 1st, 7s. 1905 100
East Penn. 1st mort. 7s, ’88
E1.& W’msport, 1st m^7s, ’60. 109
’90
do
5s,perp*
Harrisburg 1st mor*. 6s, '83... 105
114
H. & B. T. 1st m. 7s, gold, ’90.:
Chartlers
08, 1900, Q
•••
.....
1st m.,6s,1902. 115
do
2d in. 68. ’85.. 107
do
3d m. 6s, ’37.. 104
Camden &Amboy 6s,coup,’83 105%
Cam.
do
do
~494
Belvidere Dela.
do
do
103)4
«
~28)6
7s, E.
Inc. 7s,
do
do
76
44)4
•
...
Allegheny Vai.,
107
'
25
oO
,
63
90
100
ilO
105
103
117
istpnf
107
do
2d pref
do
Wash. Branch.10; 150
161)6
5
do
Parkersb’g Br..5o
Northern Central..
5irj 33
Western Maryland
...51
...
do
103
’.910..
Norfolk water, 8s
35
Navigation
Susquehanna
104)6
6s,exempt,’93.M.&S
—J....... 119)6
119)2
6s. 1902, J. & J
L14
do
14
33)6
Morns
do
pref
Pennsylvania
Schuylkill Navigation
113
go
Chesapeake & Delaware
Delaware Division
Lehigh
111
do
5s, quarterly
Baltimore 6s, iSS4, quart
do
6s, :8S6, J.*J
do
6s, 1890, quarterly...
do
6s, park, 1890, Q.—M.
do
6s, 1893, M. & H......
54)6
do
STOCKS.
:i5
pre
do
do
Vermont & Mass. RR.,6s
Fitchburg RR., 6s
do
7p
Fort Scott & Gulf 7s
Bid. Ask.
SECURITIES.
'
United N. J.
WeBt
53 y.
54%
do
do
SO
48
Pennsylvania
13
Philadelphia & Erie
8)6
Pniladelphla & Reading
160)2
Philadelphia* Trenton
09
Phlla.Wllmlng. & Baltimore. 10%
Pittsburg Tltusv. & Buff...
103
115
1 100
IULTIMOUE.
108
Maryland 6s, defense, J.& J.. 105)4
106 |110
do
6s, exempt, 1887
108
do
6s, 1890, quarterly- 105% 103
9b
••
102)4
Norristown
North Pennsylvania
Paul &
Susquehanna 6s, coup..
54
...
105
105
93
05
80
55
Schuylk. Nav.lst m.bs.rg.,’97.
do
2d m. 6s, reg., 190?
do 68, boat*car,rg.,1913
do 7s, boat&car,ig.,l9;5
49
Nesquehonlng Valley
St.
Morris, boat loan, reg.,
40
38
9)4
40*i
Schuylkill....
84
115
102
100
reg.,’8-1
Pennsylvania 6s,coup.,
...
do pref.
103
mort. RR., rg .’9.
do
do m. conv. g., r*-g.,*9-l
do mort. gold,’97—
do cons. m.7s, rg.,191’. 102)6
140
...
23
51
pref..
115)4 116
107)4
cp.,’78.
Lehigh Navlga. in.,6s,
...
'05
"3
“
SECURITIES.
do
Minehill
previous week are as follows :
Inc. $7,636,400
Specie
Inc. 4,653,500 I Circulation
Dec.
46,200
Legal tenders
Dec. 1.059.80C i
The following are the totals for a series of weeks past:
Loans.
Specie. L. Tenders. Deposits. Circulation. Agg. Clear.
1879
$
$
$
f
8
$
Nov. 29....273.439,900 52,310,700 16,771,700 247,195,500 23,024,800 779,955,847
Dec.
0....273,101,100 54,771,000 14,673,200 247,030,100 23,255,100 850,846,848
13....275,750,100 54.009,400 13,403,900 247,559,200 23,463,800 722,603,3*9
20. .'..278,098,100 50,842,900 12,543,400 246,118,000 23,651,900 666,418,518
27....277,584,200 48,638,200 12,089,700 242,062,200 23,732,900 586,014,073
.
101
Brook....
108
116
6s, rg.,’86
Division 6s,
Delaware
125
Mt. Joy & Lancaster.
Huntingdon & Broad Top...
Little
The deviations from returns of
Inc
Chesap. & Dela. 1st
....
pref.
do
60.475,2001293,428,500 70.822,100 19,024,800:290,714,700 19,525.800
Loans and discounts
new
do
Har. P.
223,000
180,000
2.208.400
3.508.100
1,544,300
& coup.
Delaware & Bound
East Penssylvanla
Elmira * Williamsport
792.900
267.900
1,201,000
pref
do
do
810,000
9.811.100
...
6s, coupon ..
RAILROAD STOCKS.t
OBmden & Atlantic
'25
pref
ao
do
5
CatawiBsa
7
39
224.366
2,820.000
5,068,000
13.609,000
rg.
Harrisburg City
450,000
531,000
200,100
502.000
979,000
2.2 >9,400
119
County 6s, coup
City 6s, coupon
do
7b, reg. & coup.
Delaware 6b, coupon.........
3.900
1,085,8 JO
1,757,000
...
Camden
Camden
45.000
18.943.0JC
599,100
1,017.300
754.400
14,919.400
33.500
148.100
83,800
880.100
880.000
251.000
449.000
617,000
1913.
reg.and coup...
584.000! 21.859.700
1,849.000
100
7s, w’t’r ln,rg. &cr». 100)6
7s, 3tr.imp., reg.,’33-86.
«io
326,600
5
1913
5s, reg. & cp.,
6s, gold, reg
N. Jersey 6s,
do
exempt,
268.200
1.931.100
4s, coup.,
Pittsburg
431,600
2,200,000
3,292,000
122.000
68,000
284.600
265.500
105
County 5s, coup...
Allegheny City 7s, reg
sco.ooo
1.875.400
2,122,200
119
123
10
54)4
54)4
syra.Gen.* CornV,1st,Ts,1905
Texas & Pac. 1st in ,6s, g.,1905
do
cons, m.,6s,g.,1905
ao
inc.& 1. gr ,7s 1915
Union* Tltusv. 1st m. 7s, ’90.
United N.J. cons. m. 6s, ’94..
Warren & F. 1st m.7s,’96
West Chester cons. 7s, ’91
West Jersey 6s, deb,,coup.,’8:5
do
1st ui. 6s, cp%, ’96.
do
1st m. 78, ’99
do
coil'-’. 0s, 1909 ....
Western Penn. RR. 6s,en.’.899
do
6s P. B.,’96.
CANAL BONDS.
....
Allegheny
45,000
5,400
13,811,000
...
ioe
to’9?
6s,n.,rg.,1895* over
179.300
7.129.600
2.720.400
107.500
78,000
do
6s, old, reg
do 6s,n., rg., prior
do
do 4s,varlbU3
890.100
2.721.200
.
"Philadelphia, 58 reg
36,200
585.000
13,718,000
11.703.800
264.200
165.300
130.300
reg.,lsn-’82.
l882-’92.
reg.,1879
475.200
449,000
1,337,900
....
105*
17
do
50)6
20
30
110
‘20
conv.
ao
ib2)4
1S82-1392
1892-1902
180,000
2,700
2.184.200
846.400
2.840.900
Imp. m. 6s g., 1337.;.
7s, 1893*
7s, coup, off,’93
Phil.*R.Coal*Iron deb. 7s,92
do
deb. 7s. cps.ofi
do mort., 7s, 1892-3
Phila. Wllm. & Balt. 6s. ’84....
Pltts.Cln.&St. L. 7s, cou.,1900
do
do
7s, reg., 19 *(j
Shamokln V.& Pottsv. 7s, 1901
Steubenv. & ind. 1st, 6s, 1884.
Stony Creek 1st m. 7s 1907....
Sunb. Haz. & W.,lst m.,5s,’23.
Sunbury & Erie 1st in. 7s, ’97..
do
120
STATE AND CITY BONDS.
Penna. 5s, g’d, tnt.,reg. or cp.
5s, cur., reg
do
do
5s, reg.,
do
5s, new, reg.,
100
do
68,10-15,
100
do
6s, 15-25, reg.,
do
6s, In. Plane,
251.200
860.000
926.700
iiVfc
PHILADELPHIA.
659.100
693.300
3.579.900
2.397.200
1.272.800
30.),500
202.500
1(57.300
49(5.600
1.242.100
2.140.600
U394
Car
Vermont & Massachusetts..
Worcester & Nashua
788*200
,1.180,100
12.203.700
514.700
275,000
831.700
869,800
981,900
300,000
Fifth Avenue....
89,500
555,000
1,453.500
1.840.200
2.351.800
2.399.800
19,125,900
16.289.500
240,000
250,000
Chase National..
926.500
.1,100
207,000
81,900
647.000
225.500
3.237,000
4,087.000
5.451.100
1.563.100
3.392,000
3,200,000
2,000,000
N. York County..
Germ’n Americ’n
529.600
6.539.500
.
113)4
Rutland, preferred
44,500
4.118.400
77.500
Pullma:i Palace
Bid. Ask.
Phil.* Read, deben., cp.j’93" 41
15
do
do
cps. oh.
15
do
scrip, 1832.
do
In. m.7s, cp,1896 22
do cons. m. 7b, cp.,1911.. 109
do cons. m. 7s, rg.,1911.. 110
do con8.in.«s.g. 1.1911. . 102
55
( o ten. m. 6s, 1903
.
..
,
27
80
114
Portsmouth
Portland Saco &
400
,2,873,000
10.780.800
231,800
260.500
466.00k
3.818.000
2.788.00U
500,000
Bowery National
570.000
495,000
556,100
iitiuiiedL.
SECURITIES.
»
26)6
— Co
——
—
110
37
96
133
...
pref,.
Old Colony..
6,294.000
7.786.800
278.300
47,yO0
159,000
Champlain
Bgdensb. & L.
do
5,751.000
England.;.
Hampshire
Norwich & Worcester
11,056,000
203.900
107,000
690.500
366.900
1,292.000
11,988.000
1,500,000
2,000,000
...
7,296,000
758.400
771,000
1.318.000
400,000
Importers’ & Tr..
693.500
4,090.000
2.510.800
7.223,000
300.000
Marine
Total
894,000
931.700
2.843,600
897.400
3.441.000
450,000
412,500
Chatham
984.200
Circula¬
tion.
S
434.300
2,276.400,
6,982.000
4.539.500
5.042,100
3,011,000
8,282,600
3,1(52.000
1,000,000
1,000,000
422,700
1,500,000
Mercantile...-
*
256,000
416.200
271,000
456.900
592.200
8,091.000
Tradesmen’s
Broadway
4,104,000
1.738.100
2,062,400
1,292,000
9.602,000
6,922.000
1,000,000
1,000,000
City
Speoie.
-
■
Nashua & Lowell
New York & New
Northern of New
Ask-
Bid.
BEOUBITIK8.
amount of
Net dept’s
Legal
other
Tenders. than U. S.
PHlLLOEIiPill %.« Etc.
BOSTON,
show s
Banks.—The following statement
[Vol. XXXI.
CHRONICLE.
THE
64
Dayton stock.
Xenia stock...
Dayton & Michigan
do
8. p.c.
Little Miami stock
+
102)6
85
stock-
st’k, guar
125
53
120
121)2
54
122
122
LOUISVILLE.
Louisville 7s.
do
do
do
6s,’82 to’87
6s,’97 to’98
t 10694 11394
+
t
105
105
water 6s,’87 to ’89.4
do
water stock 6s,’97.1
do
wharf 6s
1
do
spec’l tax 6s of ’89.+
Louisville Water 6s, Co. 1907 + 10714
Jeff. M.&l.lstm. (l&M) 7b,’8lt 100
do
2dm., 7s
1 10794
do
1st m.,7s, 1906
t] 114 >4
Loulsv.C.W Lex. 1st m.7s,’97t 114)4
Louis.* Fr’k.,Louisv.ln,6s,’8>
Louisv. & Nashville—
Leb. Br. 6s,?86
+ 105)6
1st m. Leb. Br. Ei. 7s,’80-85.4 105)6
Lou. In.
do
6s, ’93.. .+ 105)v
Jefferson Mad. & Ind. stock, 103
t And Interest.
105
105
105
105
105)6
105)6
105)6
105)|
105)6
105)6
108)4
101
108)4
114)6
115
65
THE CHRONICLE,
1980.]
July 17,
BONDS IN NEW YORK. .
Bonds and active Railroad Stocks are quoted on a previous page. Prices represent the per cent value, whatever the par may be.
QUOTATIONS OF STOCKS AND
U. S.
BONDS.
STATE
SECURITIES.
Ask.
Bid.
SECURITIES.
Bid.
Bid.
Ask.
SECURITIES.
46
47
North Carolina—6s, old,J&J
6s, old, A.Sc O
No. Car. ltR., J. & J
do
A.& O..•
do
coup, off, J. & J.
do
coup, off, A.& O.
Ask.
Bid.
Ask.
SECURITIES.
30
30
Rhode Island—6s,coup.’93-9
South Carolina-
—
■
Alabama—Class A, 2 to 5 ..
Class A, 2 to 5, small
Class B, 5s
Class C, 2 to 5
Arkansas—6s, funded
7s, L. Rock & Ft. Scott iss
76, Memp. & L. Rock RR
7s, L. R P. B. & N. O. RR
7s, Miss. O. & R. R. RR...
7s, Arkansas
,
.
•
59* Louisiana—78, consolidated
Michigan—6s, 1888
7s, 1890
Missouri—6s, due 1882 or ’83
.
...
16"
3
3
3
3
3
Central RR
Connecticut—6s
Georgia—6s
f
*
.
.
.
due
due
due
due
•
6s, gold, coup.,
6s, loan, 1883
6s, do 1891
6s, do 1892
6s, do
3893
lio" Ill"
1887
....
•
•
•
•
AND
Clev. & Pittsburg, guar—
Dubuque & Sioux
City
Frankfort & Kokomo
•
•
•
Int. bonds
•
§29
....
....
....
....
•
....
.
.
•
....
114*
Memphis & Charleston
Metropolitan Elevated
93"
N. Y. Elevated
N. Y. New Haven & Hartf.
N. T.iOntario & West.,pref.
§ 111
162
*.... 114
114
+
....
115*
112
11194
ids" 10894
103
ioi"
102
107*
Peoria Decatur & Evansv..
Pitts. Ft. W. & Chic., guar
do
do
spec’l.
Rensselaer Sc Saratoga....
Rome Watertown & Ogd...
St. Paul & Duluth
do
do
pref.
Stonington
Terre Haute & Indianapolis
Morris A
do
do
101
Miscellaneous St’ks.
Adams Express
American Express
United States Express
Wells, Fargo & Co
American Coal
Boston Land Company....
Boston Water Power
Canton Co., Baltimore
Caribou Consol. Mining
Central Arizona Mining....
Central N. J. Land Imp
Climax Mining
Colorado Coal & Iron
Consolidation Coal of Md..
Cumberland Coal & Iron—
Deadwood Mining
Excelsior Mining
Gold & Stock Telegraph....
Homestake Mining
La Plata Mining
Leadville Mining
Little Pittsburg Mining ...
113* 114
57* 58*
48
106
106*
pref
Silver Cliff Mining
Standard Cons. Gold Mining
52*
116"
§17
§34*
14
Central Iowa, 1st m.7s, 1899
Chesap.A O.—Pur. m'y fund
8s, gold, series B, int. def.
6s, currency, int. deferred
Chicago & Alton—1st mort.
Miss.Riv.Bridge,1st,s.f,6s
Chic. Bur. & Q.—8 p.c., 1st m
Consol, mort., 7s
200
206
10*
10%
60
62
109*
91" 91*
37
120
X
,..
X
do
do
do
do
113"
105
cons,
cons,
cons.
cons.
coup., 1st
reg., 1st.,
2d.
2d
coup..
reg..
.
....
2d mort., 7s, gold....
Cecilian Branch, 7s
Nashv. & Decatur, 1st, 7s.
i. Erie & West.—1st 6s, 1919
^af. Bl.&Miin.—1st 6s. 1919
....
107* !.!.
120* 121
...
1 lanhattan Beach
Co. 7s, ’99
119% 119* l
103* 103*
€hiC.Mil.& St.P.—lst.8s,P.T)
2d mort., 7 3-10, P.D.,189S
1st m., 7s. £g’ld.R.D.,3902
Det.Mon.A T., 1st, 7s.’1906
Lake Shore Div. bonds...
105*1
Central of N. J.—1st m., ’90.
1st consolidated
do
assented.
Convertible
assented
do
assented
!■
37*1
100*
114
....
85'
110*
107% 107%
H3*
115"
Buffalo & Erie, new bds... 119*
Buffalo & State Line, 7s..
Kal’zoo & W. Pigeon, 1st.|
—
100*
*120*
119*
120* 121*
120*
116
115* 116
115*
103*
105
109
*102"
99
121
69*
109"
nnent bonds
103* 103*
6s,
lo.K.A T.—Cons.ass..1904-6 105* 105*
65* 65*
2d mortgage, inc., 1911
111*
H. & Cent. Mo., 1st., 1890. *111
107
95%; 95*
112
116
100* 101*
-1st 7s.
....
133
119
....
118* H8*
110
111
105*
J
6s, 1887
6s, real estate.
+ And accrued interest,
t
t
63, Act Mar. 23, 1869. >
.
Small
Ohio—6s, 1881
6s, 1886
....
....
....
....
....
....
....
....
....
Peoria Dec A
119
117
Registered, 8s
Collateral Trust, 6s
Equipm’t 7s, ’95
ass.
do 1st
suppl.
St.L. Va.&T.H., 1st g.7s,’97
do
2d 7s, 1898
do
2dgtd.7s, ’98
Rome Wat. Sc Og.—Con. 1st.
St. L.& Iron Mount’n—1st m
2d mortgage
Arkansas Br., 1st mort...
Cairo & Fulton, 1st mort.
Cairo Ark. & T., 1st mort.
St. L. Alton & T. H.—1st m.
2d mortgage, pref
do
income
Belleville & So. Ill., 1st m.
St. P.& Sioux C.—1st 6s.1919
St. P. M. & Manit’a—1st, 7s.
2d mort., 6s, 1969
Tol.Peo.&W —
Pur. Com. rec’pts, lst,E.D
1st mortgage, W. D
Burlington Div
1st pref. inc. for 2d mort.
lstpref. inc, for consol...
Wab.
RR.-Mortg.7s of ’79.
T.&Wab., 1st ext.7s,
1st St. L. div.7s,ex mat.cp.
2d mortgage ext., ex coup
119*
Consolidated 8s
94*
110
108*
Long Islund—1st mortgage.
105
57
135*
124
120
108*
88
*87
101
103*
109
103*
110*
106*
87
102*
107*
96
t No price to-day; these are
70
35
75
40
17*
}m
20
42*
16
*
10
116
104
98
102
90
105
100
(Brokers' Quotations.)
HO
65
STATES.
117* So.Carolina—Con., 6s (good)
101*
New imp’t cons
104
Texas—6s, 1892
M.&S.
HI*
7s, gold, 1892-1910 .. J.& J.
104*
7s, gold, 1904
J.& J.
Virginia—New 10-40s
107"
Fast-due Coupons.—
90
Tennesssee State coupons.
South Carolina consol
103*' Virginia coupons
1
107*
do
consol, coupons...
98
105
95
+ 108
+
+
111* 112*
112* l]3*
40*
40
20
10
40
10
•
•
•
20
88
RAILROADS.
Ala.&Chat.—Ree’rs ctfs.var
+65
•
96"
113
107
103
U
no
Atlantic & Gulf—Consol—
Cent. Georgia—Cons, m., 7s
....
•
•
•
Charl’te Col.ife A.—Cons., 7s
2d mortgage, 7s
108*
103*' East Tenn. & Georgia—6s..
40
E.Tenn.& Va.—6s,end.Tenn
101
E. Tenn. Va. & Ga.—1st, 7s.
112
Stock
—
102* 102%; Georgia RR.—7s
106
....
108
105
•
•
63
Stock
Greenville &
7s, guar
•••••••
•
.
108
«>•*»••••••«•••
Coi.—7s, 1st m.
110* n 0% Macon & Aug.—2d, endors.
+91
92* Memphis& Cha’ston—1st,7s
2d. 7s
St.Chas.B’dge.lst, 7s, 1908 +107* 107*.
Stock
North Missouri. 1st m., 7s 116% 118
115
116
Mississippi Cent —1st m.,7s
West. Un. Tel.—1900, coup.
2d mort., 8s..
115*
1900, registered
Miss. & Tenn.—1st m., 8s, A
Spring.Y’yW. Works—1st 6s
1st mortgage, 8s, B
96*
Oregon R. & Nav.—1st, 6s..
N. O. & Jacks.—1st m., 8s...
INCOME BONDS.
Certificate, 2d mort., 8s...
78* 80
Central of N. J.—1908
75
Norfolk & Petersb.—1st, 8s.
Chic. St.L.&N.O.—2d m. 1907
1st mortgage, 7s
39
39%
Col.Chic.&Ind.C.,inc.7s,1890
2d mortgage, 8s
Cent. Iowa coup, debt certs.
46” 47* Northeast., S. C.—1st m., 8s.
Ind’s Bl. & W’n—Inc., 1919..
2d mortgage, 8s..
65
60
ind’s Dec. & Sp’d, 2d Inc...
70
Rich.& Dan.—1st consol-, 6s
68
Int. & Gt. Northern—2d Inc
Southw.
66
Ga.—Conv., 7s, ’86.
64
Leh. & Wilkes B.Coal—1888
Stock
60
Lake Erie & W’n—Inc.7s,’99
68
S. Carolina RR.- Ist m., 7s.
63
Laf. B1.& Mun.—Inc. 7.1899
Stock
78
78%
Mobile& O.—1st pref. deben
45 |
43
7s, 1902, non-enjoined —
2d pref. debentures
31
Non-mortg. bonds
34*
3d
do
West
Ala.—1st mort., 8s....
+32*
4th
do
....
N.Y.LakeE.&W.Inc. 6s.l977
Ohio Central—Inc., 1920
84*
9
50
20
1
1
87
Southern Securities.
88*
113
106'
fi
15
7
-
St. Joseph Sc Pacific—Istm
2d mortgage
St. Jo. & Western stock—
St.L.& S.E.—Cons., 7s, g.,’94
St.L.Vandalia& T.H.—1st m
2d mortgage, guar
South Side (L. 1.)—1st mort
Union & Logansport—7s
U. Pac.—South Branch —
80
105
90
90
55
112
70
32
69
g.
“ B ’.’
N.Y.&Greenw. L.—lst,7s,n.
do
2d
N.Y. & Oswego Mid.—Stock
Convertible bonds
New Jersey So.—1st, 6s. new
90
100
80
80
50
106
65
30
109
ex.
74* Midland of N. J.—1st, 7s,
Income, “A ”
77
IS*
108* 110*
1. gr.,7s
Indianapolis & St.L.—1st, 7s
2d mortgage
indianap.A Vine.—1st,7s, gr
Kansas & Nebraska—1st m.
1st,
92'
88*
109
109
17*
Stock
:
Galv. Hous.& H.—7s, gld,’71
Gr’nd Ii.&Ind.—lst,7s,l.g.gu
1st, 7s, Id. gr., not guar...
99* 100*
Equipment bonds, 7s, 1883
Consol, conv., 7s
Gt. Western, ist m., ex cp
do 2d m.,7s,’93,ex cp
O. & Tol., 1st, 7s, ’90,ex ep.
111.& So. Ia., 1st m.7s,ex cp
Hannibal & Naples, 1st 7s
St.L. K.C & N.R. E.& It.,7s
Omaha Div., 1st mort., 7s
Clarinda b.. 6s, 1919
107"
80 "
Denver Pac.—1st,7s,Id. gr.j?
102*'
Erie & Pittsburg—1st m., 7s +100
105
103
Con. mortgage, 7s
93
85
7s, equipment
Evansv. & Crawfordsv. -7s. 103
110*'
Flint & Pere M.—8s, I’d gr’t 100
82
80
do
56*
40*
101
90
100*
2d mort
102*
105
104*
Cin.& Spr.—1st, C.C.C.&I.,7s
1st m., g’d L. S. & M. S., 7s.
97
73
75*
100
106
36
99
80
104
Income bonds
Chic. St.P.& M’polis—1st, 6s
Land grant Income, 6s....
Chic.& Southwest.—7s, guar
Cin. Lafayette & Ch.—1st m
109*
75
74*
RAILROADS.
Atch.&P.P’k—7s,gld
Bost. & N.. Y Air-L—1st m.
Chic.&Can.So— 1st m.,g.,7s
Chic. & E. Ill.—S. F.c’y 1907
116* 117
94*
63
85
(Brokers' Quotations.)
119
109
108
83
Miscellaneous List.
104* 105*
Istm., 6s, ’95, withcp.ctfs
1st m., 6s,’96,
do
Den. Div. 6s ass. cp.ctf...
do
1st consol. 6s
Pacific RR. of Mo.—1st m.
2d mortgage
Income. 7s
1st m.. Carondelet Br...
St.L. & S.F.,2d 6s.class A.
do
3-6s, class C.
do
3-6s. class B.
do 1st 6s,Peirce,C&O
do
do
99*
*..
E’vilJe—lncs.
St.L.I.M.&S.—1st 7s,prf.int.
2d int., 6s, accum’lative ..
«...
do 2d
98H
9 8%
105
105
AND BONDS.
N. Y. C. & Hud., 1st m., cp. 128* 129
128*
do
Istm., reg.
Huds. R., 7s, 2d m., s.f.,’85 100* 110*
92%
Canada South., 1st, int. g.
Harlem, 1st m., 7s, coup.. 127
4.
127
"
do
Istm., 7s, reg—
N.Y. Elevated—1st, 7s, 1906 109 ' 109*
103
N. Wisconsin—1st, 6s
99
Nevada Central—1st m. 6s.
116*
Ohio & Miss.—Consol, s. f’d
Consolidated
112* H3*
2d consolidated
84
1st m., Springfield div
88* 90
Ohio Cent., 1st m., 6s, 1920.
100
Peoria Dec. & E’ville, 1st 6s
Pacific Railroads—
Central Pacific—Gold bds. 112
106*
San Joaquin Branch....
105
Cal. & Oregon, 1st
*102*
State Aid bonds
Land grant bonds
106* 107
Western Pacific bonds..
98*
8outh. Pac. of Cal.—1st m.
Union Pacific—1st mort.. 112" 112*
113
*
113*
Land grants, 7s
do
30
30
Virgina—6s. old
6s, new, 1»66
6s, new, 1867
6s, consol, bonds
6s, ex matured coupon....
6s, consol., 2d series
6s, deferred
D. of Columbia—3'65s, 1924.
Registered
Funding 5s, 1899
do
registered
....
....
109*
J* "
Tennessee—6s, old
6s, new
6s, new series
....
....
109
sterling
letropolit’n Elev—1st, 1908
lich. Cent.—Cons., 7s, 1902
1st mort., 8s, 1882, s. f
1st mort.,
’
107
102* 103
100*
120
98*
68
101
Pennsylvania RR—
Pitts.Ft.W.& Chic., 1st m.
1131
do
do
2d m..
>4
do
3d m..
do
Cleve.& Pitts., consol., s.f.
do
4th mort...
104*
Col. Chic. & I. C., 1st con.,
91*
2d con...
do
do 1st Tr’t Co.ctfs.ass.
Lake Shore—
Mich S. & N. Ind., s. f., 7s. *109*
Cleve. & Tol., sink. fund.. 107* 109
do
new bonds. *108
115
117*
Cleve. P’ville & Ash., 7s
41
.
Non-fundable
....
72*
South Pac. of Mo.—1st ru.
Texas & Pac.—1st, 6s, 1905..
Consol. 6s, 1905
Income and land gr’t. reg.
1st Construction, 9s, 1930.
Ill.Cent.—Dub.&Sioux C.lst 100
109
Dub. & Sioux C., 2d div...
106
Cedar F.& Minn., 1st m..
Ind. Bl’m & W.—1st, pref. 7s tll2*
75
1st mort., 7s, 1900
59*
2d mort., 1909
10094
Ind’s Decatur & Sp’d 1st 7s 100
100
100*
Int. & Gt. North. 1st 6s,gld.
§27*
65*
113
reg.
do 1st, con., f, cp.,7s
do 2d,con.,f.cp.,5s,6s
Han. & St. Jos.—8s, conv...
Hous.& Tex. C.—1st, m. l.,7s
1st mort., West. Div., 7s..
1st mort., Waco & N., 7s«
2d C., Main line, 8s
2d Waco &N., 8s
Inc. and ind’y, 7s
....
117
97
do
assent’d
Am. Dock & Impr. bonds,
110
.
“
Chic. Rk. I.& P.—6s, cp.,1917
6s, 1917, registered
Keok.& Des M., 1st, g., 5s.
Adjustment, 1903
Lehigh <fe W. B.,con.,g’d..
108'
+
—
114
100
5s, sinking fund
107*
Grande—1st,1900
91
1st cons. 7s, 1910
do
123
Erie—1st mort., extended..
107
2d mortg., ext’n 5s. 1919.
108*
3d mortgage, 7s, 1883
1883
104*
4th mortgage, 7s, 1880
109
5th mortgage, 7s, 1888
121* 121%
1st cons, gold 7s, 1920
116
Long Dock bonds
122"
119*
;;;;
Buff. N.Y.& E, 1st m., 1916
89% 90
N.Y.L.E.&W.,n.2d,con.,6s
116~
Income
Sinking fund
Joliet & Chicago, 1st m...
Louis’a Sc Mo., 1st m., guar
do
2d 7s, 1900.
St. L. Jack. & Chic., 1st m.
105
Denv.&R.
""
....
1st,
do
’
30
Railroad Bonds.
Stock Exchange Pt'ices.
Balt. & O.—1st 6s,Prk.b.l919
Bost. H. & Erie—1st m
1st mort., guar
Bur. Ced.R.& North.—1 st,5s
Minn.& St. L.. 1st, 7s, guar
Iowa City & West’n.lst 7s
112
extended
Coup., 7s,’94 *I10&
Reg. 7s,’94. 111*
2d mort
1st con., guar
Rens.& Saratoga, 1st,coup
....
Quicksilver
116
1st con.,g’d.. -1 io* 121
do
do
$6
N.Y.&StraitsvilleCoal&Iron
Oregon Railway & Nav. Co.
Pennsylvania Coal
Pullman Palace Car
120
.
:
Ontario Silver Mining
2d mort...
95
102*
7s, 1917 116*
116*
do
reg., 7s, 1917
110
Albany & Susqueh., 1st m.
*105
....
,
3*
3*
3*
Kansas Pac.—
1st Pa. div., coup.,
Mariposa L’d & Mining Co.,
do
do
pref.
Maryland Coal
Montauk Gas Coal
106
*90
103
bonds, 1900
constructs +105
7s of 1871. *113
Del.& Hud.Canal—1st m.,’84
1st mortgage, 3891.......
do
do
do
.
,
18*
Sinking fund
Y., 1st, 7s 131* ‘
Essex, 1st m
do
do
do
....
ni*
11094
Syr. Bit gh. Sc N.
cert if.
117
113*
Ind’s—1st, 7s, s. f.
Consol, mortgage
C. St.L.& N. O.- Ten. lien 7s
1st con. 7s..
C. St. P. Minn.& 0’aCons.6s,
Del. Lack. & W.— 2d mort.
7s, convertible
Mortgage 7s. 3907
....
Warren..
110
C. C. C. &
120"
159"
H7* 117*
117* 117*
2dm...
do
Toledo Peoria & Warsaw..
United N. J. RR. & Canal ..
110*
Peninsula, 1st m., conv..
Chic. & Mil., 1st
Winona & St. P., 1st m. .
165
.
,
6s, subscription
Registered gold bonds
107
Sinking fund
do
registered..
Iowa Midland, 1st m., 8s.. *120
105*
Galena & Chicago, exten
Long Island
Louisv. N. Alb. & Chicago..
Prices nominal,
.
123*
Consol, bonds
Extension bonds
1st mortgage
Coupon gold bonds
180*
& Western
Intern’l & Gt. Northern—
Keokuk & Des Moines
do
do
pref.
-
•
•
....
Harlem
Ind Bloom-
Texas & Pacific
do
do trust
•
....
.
.
N. Y. Central—Continued.
La C. Div., 1893...
ist m., I. & M\ 1807
istm., I. & D., 1899
1st m., C. & M., 1903......
Con. sinking fund, 1905...
105* 106*
2d mortgage, 1884
1st m., 7s, I.A D.Ext.,1908
58~ 62*
S.-west div., 1st 6s, 1909 .
1st 5s, LaC. & Dav., 1919.
1st So. Minn. div. 6s, 1910.
§76"
Istm., H. Sc D., 7s. 1910...
uii"
Chic. & Northw.—Sink. f’d.
68
quoted.)
•
9
10*
10*
18*
Funding act, 1866
do
1868
New bonds, J. & J
do
A.& O
Chatham RR
Special tax, class 1
do
class 2
do
class 3
Consol. 4s, 1910
MISCELLANEOUS STOCKS
1st m.,
Susquehanna
Boston & N. Y. Air L., pref.
Burl. Cedar Rapids Sc No...
Cedar Falls & Minnesota...
Chicago & Alton, pref
Cin. Ind. St. L. & Chic
•
....
....
Ch.Mil.& St.P.—Continued
(Active previously
.
....
..
•
RAILROAD
Albany <5u
•
•
....
Jtailroad Stocks.
•
•
....
.
•
•
•
....
Kentucky—6s
.
.
War loan
*
•
....
ioir
7s, endorsed
78, gold
Illinois—6s,coupon, 1879...
do
•
105*
1886.
105*
1887
105*
1888
1889 or ’90
Asylum or Univ., due ’92.
Funding, 1894-95
6*
Hannibal & St. Jo., 1886..
do
1887..
do New York—6s, gold, reg.,’87
6s,
6s,
6s,
6s,
...
7s, new
do
*
....
.
73
latest q’jotations made ihi* week,
....
75
49
1
2d mort.. 8s, guar
F Western N. C.—1st m., 7s...
50
103
108
83
100
95
90
90
105
65
116
100
108
111
85
105
100
95
95
108
75
119
106
98
100
100
102
.
.
.
+98
26
100
106
125
+98
108
108
100
100
106
127
117
102
105
95
103
5
70
80
no
no
....
102
105
105
110
103
100
29
103
108
129
102
112
112
•
*
-
-
110
100
10
75
33
112
112
....
& No quotation today; latest sale this week.
CHRONICLE
THE
66
NEW YORK
Capital.
SECURITIES.
LOCAL
Stock List.
Bank
Companies.
[Vol XXXI.
Insurance Stock List.
latest
dates. §
[Quotations by E. S. Bailey. Broker, 7 Pine Street.]
Price.
Dividends.
Surplus
at
Mark’d thus (*)
are not Nat..
Amount
Net
Bid. Ask.
Last Paid.
1878. 1879.
Period
Capital.
July, ’80. 3k
8
100 3,000,000 1,619.300 J. & J.
7k
6
6
5,000,000 1.445,0*30 M.&N.
11
19
&
202.000
i.
J.
250,000
Bowery
10
1,000,000 1.272.500 1. & J. 16
Broadway
0
92 700 J. & J.
300,000
Butchery’* Dr.
7
7
2,000,000
434.800 J.&J.
Central
3
Chase
300,000
74,100
0
6
Chatham
450,000
189.800 J. & J.
100
300,000 3,381 100 Bi-m’ly 100
Chemical
0
0
600.000
Citizens’
176,400 J. & J.
10
10
1,000,000 »,483,'Tic M.&N.
City
....
8
8
-.000,000 2,904.100 1. & J.
Commerce
1,000,000 2-2,400 1. & J.
Continental....
3k
10
10
1,000,000
F.&A.
Corn Exeh’ge*.
922,500
r
•
3k
250,000
70.300 I. & J.
East River
100,000
11th Ward*
16/.00 f. & J
0
0
Fifth
150,000
4.1,800 J. & J.
Fifth Avenue*.
100,000 226.100
120
12
500,000 2*184.700 Q-J.
First
0
0
3,200,00o l.Osl 30G I. & J.
Fourth
America4
100
100
25
2-5
100
100
25
100
25
100
100
100
too
25
25
100
100
100
100
30
50
7-'
100
100
25
Am.Exchange
....
..
.
Fulton
Gallatin....
German Am.'
German Exch.*
German's*
Greenwich*
.
100
Hanover;
Imp.* Traders’ 100
r
37v*.80o M.&N.
754.600 A.& O.
600,000
1,000.(100
750.000
200,000
.
..
200,000
or,230
1 4 lOlJ M.&N.
200,000
1,000,000 289,0 0 l. & J.
1,500,00c 2.069,200 J. & J.
15H.810 r. & J.
500,00)
100,000
7,500 J, & J.
441 800 J. & .1.
600,000
2,050,000 ,105.800 F. & A
127.800 J. & J
400,000
500,000 2a5 000 J. & J.
2,0(i0,000 1,032,100 J. & J.
76.40U M.&N.
500,000
41,800
200,000
1,000,000 188.100 M.&N.
2,000,000
740,500 J. & J.
178.100 I. & J
1,000,000
41,900 1. & J
300,000
3,000,<i00 1,231,200 ■f. & .1
77.8 0 J. & J.
100,000
1,000,000
60,700 M.&N.
802,100 J. & J
2,000,000
200,000
47,300 1. & J
88 500 F. & A.
300,000
Second
100!
Sixth
State of N. Y.
Third
100
500,000
100
200,000
100
800,000
100 1,C0<>,000
40 1,000,000
Tradesmen’s..
Union
West Side*....
100
7
5
0
7
14
8
3
11
8
*
.
.
.
149.7U0
166.900
6-\0> 0
183.100
J.
■J.
J.
J.
& J
& J.
& J.
& J.
130,400 J. & J.
218,600 J. & J.
71 4,900 F.&A.
135 600
58,800 J. & J.
123 500 J. & J.
300,000
173.200 J.& .J.
40.300 J. & J
273,500 M.&.N.
192,000 J.&J.
279 100 J. & J.
711,i00 M.&N.
126,9.0 J. & J.
.
1,200,000
200,000
.
•
7
8
2
6
July, ’80. 3k
M y,
+
....
•
•
•
....
•
•
•
•
•
250
132
105
...
10
12
5
7
8
8
•
141
110
....
<M
•
-
.
To
10
0
8
0
”*0
145
150
3
9
10
0
7
3
7k
10
8
.
.
4
•
,
•
Amount
American
+ 50
American Exch i00
25
Bowery
25
Broadway
17
Brooklyn
Citizens’,
...1 20
70
City
Clinton
100
Columbia
30
Commercial
50
Continental., t 100
40
Eagle
Empire City.... 100
30
Exchange
50
Farragut.
17
Firemen’s
10
Firemen’s Tr
Franklin &Emp 100
German-Atner. 100
50
Germania
50
Globe
25
Greenwich
Guardian
LOO
Hamilton
15
Hanover
50
Hoffman
50
Home
100
25
Hope
Howard
50
Importers’* T.. 50
100
Irving
Jefferson
* 30
Kings Co.(Bkn) 20
Knickerbocker
40
Lafayette(Bkn) 50
Lamar.. \
100
475,871
6J,5l5
380,940
200^000 300,404
153^000 190,417
300,000 480,379
163.424
210,000
130,25 i
250,000
2,725
300*000
200^000 112,401
1 108,151
1,000,000
544.412
300,000
73,858
200,000
400,000
200,000
300,000
*
...
120
.
135
...
1880, for the National banks
Railroad Stocks and Bond*.
Gas Companies.
Par.
Date.
*
<
Brooklyn Gas Light Co
Citizens’Gas Co iP.khn)
do
hoods
Harlem
25
20
1,C00
50
20
50
100
V r.
100
Jersey City & Hoboken
Manhattan
Metropolitan
do
certificates
Mutual, N. Y
do
Nassau, Brooklyn
do
do
do
bonds
do
certificates.
Central of New York
Williamsburg
do
7
3
...
bonds
F. & J.
M & S.
1,000,000 M.& S.
8
5
e, V0
June, ’80
3k June. ’80
1*2 Ju y, V0
1882
700,000
4,000,000
1,000,000
1,000
300,000
Var.
300,000
50
460,000
50 1,000,000 Quar,
1,000 1,000,000 A.& O.
100
100
do
bon is
Fulton Municipal
1,000,000
1,500,000
ioo
1,50 J,000)
Metropolitan, Ui-ookiya
Ju
2k Feb., >0
3k May, VO
4
June, ’80
3Vt ■Jan., ’70
M.&N.
M.&N.
f. & J.
M.&N.
J. & J.
F.& A.
Municipal
1898
Feb. ’78
?k July, Vo
4,000,000
2,500,000
.
May, ’80 108
2\4 Ft-b;, ’80
.
Va
100
10
scrip
People’s (Brooklyn)
'
5
5,000.000 Quar.
1,000 1,000,000 F.& A.
25 1,000,000
Var
bonds
do
New York
2,000,000 Var.
1,200,000 Var.
315,000 A. & O.
1,850 000 F.&A.
750,000 J. & J
7
1897
3**i July,
3
Au^.,
’80
’79
lk Jau. ’80
1900
0
M. &N.
2k July, ’80
5
8
750 000 M. &N.
Bid. Ask.
'80
60
!00
70
150
190
142
101
75
10)
50
35
xlOl
35
98
75
50
70
100
50
175
105
70
115
67
105
75
160
195
145
105
80
104
55
39
102
39
100
85
61
75
101
65
180
110
) 80
BleeekerSt. &Fult. Ferry—St’k
1st mortgage
100
J. & J.
J. & J.
1,000
900,000
094,000
2,100,000
1,500,000
10
2,000,000
Q-F.
1,000
Broadway & Seventh av.—St’k
1st mortgage
100
Brooklyn City—Stock
1st mortgage
Broadway (Brooklyn)—Stock
Brooklyn & Hunter’s Pfc.—St
100
100
1st mortgage bonds
j 1,000
100
Bushwick Av. (B’klyn)—Stock, i
100
Oentral Pk. N. & E. lv.—Stock I
Consolidated mort. bonds
1,000
100
Christopher & Tenth St.—Stock
Bonds
1,000
jfijtmortgage,
consolidated
1st mortgage
42d 8t. & Grand St.
1st mortgage
Ferry—St’k
Central Cross Town—Stock
1st mortgage
Houet.West St.& Pav.F’y—St’k
1st
mortgage
1,000
.00&C.
100
Sixth Avenue—Stock
1st mortgage.
Third Avenue—Stock
1st
1st Tnnrt,<m.ore
*
3Thi*
coiumn
.
chows last dividend
on
2k
2
7
2k
7
3
7
3
7
0
7
Q-J.
J. & J.
M.&N.
A. & O.
.
.
.
.
•
M.&N.
7
500,000 J. & J.
7
1,050,000 M.&N.
7
7
5
7
5
7
4
200,000 M.&S.
750,000 M.&N.
500,000 J. & J.
100 2,000,000 Q-F.
1,000 2,000,000 J.&J.
100
600,000 ;F. & A.
4 .non
7
3
2
7
J. & D.
'm.&
v
7
’80
Ju y.
.
1,199,500 J.&J. 2k
150,000 A.& O. •7
1,000
Consol, convertible
Extension
mortgage
Twenty-third Street—Stock.
900,000
1,000,000
1,000
203,000
100
748,000
1,000
230,000
100
000,000
1,000
200,000
100
250,000
^
Jan.,
T
J’ly,1900
3k
1,800,000 Q-J.
1,200,000 .J.&D.
050,0(0 F.& A
250,000 J. & J.
1,200.000 Q F
500
100
Second Avenue—Stock
8d mortgage
J.&D.
300.000 .). * J.
500,000 J & J.
100
500&C
100
Eighth Avenue—Stock
H
7
2
7
Q-J.
300,000 M.&N.
200,000 Q-J.
400,000 A. & O.
1,000
1877
1878. 1879.
15
10
20
20
20
20
14
10
20 ^
20
20
20
10-72
12
N’ne
18
18
....
so 92k
July, ’B4 103
May, ’80 160
Nov., ’801102
July, ’80 140
Apr., VO 93
1888
102k
Juy, VO 90
-uly. ’80 90
Dec. 1902 108k
Feb., V0 70
1H90
95
May, VO 119
June, ’93 110
July VO 100
■Ian.. VI 100
May, vo 100
Apr., ’93 110
25
NOV.1904 100
20
July, ’94 98
July, VO 02k
Apr , V5 100
May, ’88 97k
Sept. ’83 97k
May. ’77 125
July, ’90 110
May, V0 100
Juiy, ’90 I0<k
Feb., '80 115
M
Q V
•no
21
102
98
105
170
no
150
100
105
100
100
112
75
100
125
115
175
no
175
115
30
103
130,442
875,600
752,754
>
17k
18
5
25'
Price.
Last Paid.
Bid. A8k,
343,749
22,908
ifin’onh
120 806
fsoo non
085,945
25
Longlsl.'Bkn t 50
25
Lorillard
Manuf.& Build. 100
Manhattan
100
Mech.&Trad'rs- 25
Mech’ics’(Bku) 50
Mercantile..
50
Merchants’
50
Montauk (Bkn)
50
Nassau (Bklyn)
50
National
37k
N. Y. Equitable 35
New To’rk Fire 100
N. Y. & Boston 100
New York City 100
Niagara
50
North River.... 25
Pacific
25
Park
100
20
Peter Cooper...
People’s ........ 50
50
Phenix
Relief
50
Republic
t 100
150,000
200,000
300000
200,000
250,000
200,000
150,000
200,000
200,000
200,000
200,000
200,000
210,000
200,000
200,000
300,000
500,000
350,000
200,000
200 000
150,000
200,000
1,000,000
200,000
300,000
200,000
200,000
200,000
500,000
200,000
200,000
800,000
250,000
25
St.Nicholas
Standard
Star
25
50
100
100
Sterling
25
Stuyvesant
Tradesmen’s.... 25
25
United States..
10
Westchester...
50
Williamsb’g C
300,000
250,000
Over all liabilities,
includes scrip.
10
20/
18
20
20
10
11
10
30
7
40
10
10
30
7
140,928
238,106
103,590
30,832
159,702
109,951
147,011
101.513
310,395
130,185
20,008
1,065
5P?,45S
108,148
399,052
89,737
190,043
103,739
467,0-6
43,577
20,725
175,334
10,841
169 090
121,591
28,519
137,084
102,389
215,455
121,502
443,695
12k
17k
ioyi
10
10
to
10
10
10
10
i20
5
10
8k
|5
1
10
10
16
10
12
10
20
20
10
16
12
20
10
20
14
N’ne
N’ne
10
11
12
10
11
30
20
12
20
20
20
12
18
15
20
10
10
5
10
20
20
9
10
1235 6-23
17k 12k
10
10
14
16
10
20
12
10
10
10
20
20
20
10
12
20
80
20
10
20
18
20
14
20
17
-
r
20
10
10
3k
31,104 10
253,533
84,202
182,909
July, ’80. 4
July. ’80. 5
Ju
e,
’80.10
FVb., ’80. 8
Ju'y. ’80.10
July, V0.10
Feb., V0.
July. ’80.
Juiy. ’77.
July, ’80.
5
5
5
120
9S
105
190
190
190
117
130
55
105
ISO
190
95
105
120
90
100
•
.
118,251 20
200,000
10k
10
4
12-50113' 40 1365 July. ’80.6-92
20
20
15
Apr., ’80. 7k
14
10
10
July, VO. 3k
♦•eb. vo. 5
15
10
10
15
J"ly, 80. 7k
15
15
12
10
July,
V0 3k
8k
July, VO. 5
12
11
11
7
July, VO. 0
145
Juiy, vo. 5
ib
10
10
137
30
14
22
July. VO. 5
10
51,530 10
200,000
1,320.785
10
3,000,000
4,089 10
1^0.000
110,815 12
500,000
78,922 12
200j000
6,48"’ 13
200j)00
2oo;oio 290,776 10
193,014
20
150,000
4,938 10
280,000
134,907 20
150,000
97,680 10
200,000
10
20
5
14
10
10
13
5
12
10
20
20
10
13
10
20
10
15
12
(P
July. ’80. 5
Jan., -80. 5
Jan., ’79. 3>fc
Jul-/, VO 5
July. vo. 5
July, ’80. 4
M uv, V0 5
July, vo.10
’80. 5
July, >80. 5
Jul>. ’80. 5
•lau..
July, ’80. 4
July. ’80. 5
July, vo. 4
July, ’80. 0
July, ’80. 5
July, vo. 0
Ju y.
80. 7
130
165
80
130
55
100
July. 80, 7
July, vo. 5
^uiy, VO
Fe^.,’80.
5
5
....
5
12
8
20
12
20
12
10
10
20
Ju y, vo. 7
A pi
vo. 4
-uly. ’80.10
Ju y, vo. 6
Ja:.. V0.10
July, ’80. 5
July, ’80. 5
July. VO. 5
July, vo. 3k
J*«n., ’80.10
Feb
’80 3
.
,
10
10
11
10
20
100
110
....
100
*
•
...
....
115
,
....
.
•
•
•
•
•
•
•
’80.6-23
VO. 5
Fen., ’80. 3k
Juy. VO 5
July, ’80. 5
July, VO. 5
Jan , ’80. 5
•
•
•
.
.
.
100
70
141
•
•
•
.
120
105
90
130
83
140
105
160
135
•
,
70
115
170
90
•
•
-
-
-
130
150
40
...
120
115
155
1<I0
150
130
....
100
109
100
120
70
05
110
00
July, ’80. 3k
10
9-13 -uly,
12
July,
8k
115
00
135
170
50
110
100
85
.
.
123
140
90
Juiy.
’80. 5
Ju y. ’8u. 5
July. vo. 5
.
•
110
July. ’80. 5
July,' vo. 7k 250
60
,uly. VO. 3
July. vo. 5
July, V0. 5
200
2C0
140
110
205
108
180
105
120
75
70
150
55
125
103
70
115
>00
120
)uly. VO.10
including re-insurance, capital and scrip.
203
....
....
...
115
...
112
130
85
75
.
.
70
130
....
80
120
105
125
110
u...
t Surplus
City Securities.
[Quotations by Daniel A. Moran,
Broker, 27 Pine Street.]
Price.
Interest.
Mouths
Rate.
NtW
York:
stock
1841-63
Water
5
5
0
Croton water stock.. 13*15-51
do
do
1352-60
Croton Aqued’ctstock.1865
do
pipes and mains...
do
reservoir bonds —
..
Central Patk bonds.. 1853-57
do
no
..1853-65
Dock bonds
1870
7
do
1-75
0
7
0
7
o K0
7
6 g.
Market stock
1865-68
Improvement stock.... 1869
do
no
....1869
var
var
do
do
var
New Consolidated
....
Westchester County... ...
7
Consolidate!
5
AB6C3 ment
5
Bonds
due.
Payable.
Feb., May Aug.& Nov
do
do
do
do
do
do
Mav & November.
0
7
0
5
6
Consolidated bonds
Street imp. stock
[quotations by H. L. Grant. Broker. 145 Broadway.]
70,147
68,936
200.000
*
ce
Amount. Period.
204^000
150j000
200;000
200,000
.
o5
200,000
13S.833
1,000,000
1,000,000
Lenox
Rutgers’
99,155
200^010
.
"6k
....
$ The figures in this column are of date June 11,
and of date June 12,1880, for the State banks.
Gan and City
+
«•••
..
.
221,500 Q-F.
531.300 1. & .J.
...
'
’80. 5
’8). 8
’80. 3k
HO. 4
’80. S
132
Ju y. ’80. 3
’80.
5
July.
July,
July,
Juy,
July,
Mat.,
80.10
205
July, ’80. 4
138
’80.
3k no
Juy.
Feb , ’80. 5
July, '80. 3k
July ’70. 3
Jan., ‘80. 3
310
July, ’80 5
•80.
3k
Juiy,
7
May, 80. 3,k
7k A pi , ’80. 4
2k Aug., ’80. 2k
5
May, *80. 5
3
May, ’80. 3
0
Mav, ’80. 3
7
my, ’80. 3%
14
July, ’80. 7 233
8
July, ’80. 4
Ju y '80. 3
8
July, Vu. 5
7
Feb., ’80. 3k 140
3
u y, ’HO. 3k
7k July, •80. 4 120
8
July. ’80. 4
4
May, ’80. 2k 78
2k July, ’79. 2k 104
3
May, ’79. 3
7
Tu<y, vo 3k
0k July, ’80. 3
7
July, ’SO. 3k
9
144
July, vo. 5
12
Juiy, ’8'). 3
’80.
3
5
May.
8
July, ’80. 4
’80.
4
8
•lan..
7 k Feb.. ’80. 3k
5
Julv, ’80. 3*
July, ’80. 3
7
July, ’80. 386
8
Juy, ’80. 4
10
May, '80. 2k
0
122
.July, ’80. 4
7
July, ’HO. 3k
3
July, ’80. 3
•'uly, ’74. 3]^
Feb., ’80. 4
3
Ju y, VO. 3'A 103
Jan.. ’8 !. 3
8
July, ’80. 5
8
luiy, ’80. 4
0
Ja >., VO 3
7
M ay,* VO. 3k 112
July, VO. 3 k
7
July, VO. 3k
8
M»y. vo. 5 140
12
Jan., ’80. 0
*
10
81 300 F. & A.
60,80:)
May.
50
Irving
Island City*... ro
Leather Manuf. 100
Manhattan*.... 50
Marine
100
Market
100
Mechanics’
25
Mech. Assoc’n
50
Mech’ics * -Tr. 25
Mercantile
100
Merchants’.
50
Merchants’ Ex. 50
100
Metropolis*.
100
Metropolitan
Muriay lilll*.. 100
Nassau*
100
New Ycr*.
100
N. Y. Couutv.. 100
N. Y. N. Excti. 100
Ninth
100
750,000
No. America*.. 70
700,000
North River*.
30
240,000
Oriental*
25
300,000
Pad tic*
422,700
Park
100 2.000,000
People’s*
25
412,500
Phenix
20 1,000,000
Produce4.
50! ILLHiO
Republic
100 1,500,000
St. Nicholas... 100 i f OO.oOO
Seventh «Vard. 100
300,000
..
t*
Jan. 1,
1880.*
May, vo. 3k 115
# •
*
Par.
Dividends.
Surplus,
Companies.
Feb.,May, Aug.& Nov.
do
do
do
do
Mutf & November.
May & November.
•
do
do
do
do
do
do
do
do
do
do
January & July.
do
do
Qua-t°rly.
May & November.
100
105
104
100
112
118
108
115
122
115
1894-1897 118
107
1889
115
1890
115
1901
107
1888
102
1882
115
1890
122
1894
107
1026
102
1884
1880 '
1890
1883-1S90
1884-1911
1884-1900
1907-1911
1898
1895
1901
1898
[Quotations by N. T. Beers, Jr., Broker, 1 New
Brooklyn— Local lin -r’ern’t—
City bonds
do
Park bonds
Water loan bonds
..
»...-
.
Bridge bonds—
water loan
City Donas...
Kings Co. bonds
do
do
Park bonds
Bridge
•All
..
.
7
7
7
7
7
0
0
7
0
5
0
Jaiuary & July,
do
do
do
do
do
QO
do
do
Mav & November.
do
do
January & July.
do
...
do
do
do
do
do
Bid. Ask.
101
106
109
120
125
120
109
116
125
116
120
108
110
118
108
105
110
123
109
103
St.]
1880-18831.102k
107
18o3-1891
1915-1924
1900-1924
1904 1912
1880-1902
1881-1890
1880-18*3
1880-1885
1924
1907-1910
130
128
129
108
103
u<0
114
119
118
108
118
132
130
131
11C
112
111
116
I2L
120
Brooklyn bonds fiat.
101
05
102k
100
100
115
175
106
120
H2
stocks, hut the date of maturity of bonds,
[Quotations by C. Zabhiskie, 47 Montgomery St..
Jersey City—
Watei loan .long..do
.
January & July.
1869-71,
Improvement bonds
.1868-69.
Bergen bonds
7
7
7
January & Juiy.
J. & J. and J & D.
January and July.
Jersey City.]
1895
1869-1902
1891-94
1900
101
V 9
105
100
102
110
100
101
expiration of the contract, we have recently instituted legal
proceedings to determine your rights in these respects. We had
delayed action in this matter so long before taking this step
that our delay was imputed to a want of confidence in the
claim, rather than to desire to reach an amicable adjustment
■tinrjcstmruts
808781
AND
STATE, CITf AND
CORPORATION FINANCES.
The Investors’ Supplement contains a complete
Funded Debt of States and Cities, and of the
exhibit of the
of it,”
Stocks and Bonds
of Railroads and othe'r Companies. It is publiliei on the last
Saturday of every other month—viz., February, April, June,
August, October and December, and furnished without extra
charge to all regular subscribers of the Chronicle. Single copies
are sold at $2 per copy
INDEX SINCE JUNE
SUPPLEMENT.
following is an index to all
black-faced type:
Anthracite Coal Fields. [V. 30]
Anthracite Coal Trade
Atch. Too. & San. Fe
Atlantic Miss. & Ohio
20,
Atlantic & North Carolina
674
43
43
44
Lake Shore & Michigan So....
20
Louisville & Nashv
45
Louisv. N. Alb. & Chic... [V. 30] 675
44
20
of Baltimore
43
20
Chesap. & Deia. Canal.. fV. 30] 674
44
Chicago & Iowa
Ohic. Mil. & St. P
44
Chicago & Northwest... [ V. 30] 674
Chic. St.P.M.&0.[V. 30] 675,
20
Chic. R.I. & Pac
[V. 30] ,673
Oin. Ham. & Dayton
[V. 30] 667
Colora. Coal & Iron Co.fV. 30] 675
Delaware <fc Hudson Canal....
Denver & Rio Grande
Denver South Park & Paeific..
Detroit & Butler
[V. 30]
44
44
45
675
45
Eastern (Mass)
Evansv. & Terre Haute
45
Flint & Pere Marquette. [V.
Galv. Houst. & Henderson
30] 675
45
45
Gray ville <fc Mattoon
Cent. [V. 30] 675
Houston & Texas
Alb..
Brooklyn Elevated
44
Brooklyn & Montauk...[V. 30] 674
Canton Company
Central Iowa
20
Hannibal & St. Joseph
20
44
Boston & Albany
Boston Hartford & Erie
Boston Hoosac Tunnel &
ANNUAL
Mineral Point
Nashv. Chat. & St. L.. .[V. 30]
N. Y. Boston & Albany
New York City
N. Y. Lake E. & W
N. Y. West Shore & Chic. [V.30]
20
45
20
675
North Carolina State Bonds...
45
Ohio & Miss... [ V. 30] 675, 20,
46
Owensboro & Nash
[V. 30] 675
46
Pacific Railroads
Pennsylvania RR.[V. 10] 675. 20
Philadelphia & Read
21, 46
jPitts. Ft. W. & Chic.. .[V. 30].674
fPittsb. Titusv. & Buffalo
46
Portland & Ogdensburg
21
Quincy Missouri & Pacific
21
St. P. Minneap. & Man
21
Springfield & Northeastern
44
Texas & Pacific
(V. 30] 675
Wab. St.L.& Pac
21
Western Union Telegraph
21
REPORTS.
payable
Atchison Topeka & Santa Fe.—This railroad company
issued the following circular :
CIRCULAR NO.
has
53.
Boston, July 7, 1880.
which came down to Dec. 31,1879,
of roads has continued to increase
rapidly-
The Marion & McPherson branch has been completed to Lyons, thirty
(30) miles.
The Cowley Sumner & Fort Smith has been extended to Caldwell,
twenty-five (25) miles.
The Manhattan Alma & Burlingame will be finished this summer.
The Pueblo & Arkansas Valley Railroad is beiug pushed forty
miles to the coal fields near Canyon City.
The New Mexico & Southern Pacific has already reached one
and eighty (180) miles beyond Las Vegas.
To complete the construction of our
require a million and a-half of dollars.
(40)
hundred
upon us.
Our gross receipts
comes
*
were
in—
Second
First
six months.
six months.
$1,508,577
2,753,017
3,704,353
$2,422,291
3,628,425
‘4,295,647
Estimated.
And this without taking into
mi I os of only partially finished
will give us.
The very
Year.
$3,950,868
6,381,442
*8,000,000
account the probable business which 200
road, much of which is not yet operated,
rapidity of the growth of the Atchison Road and the corre¬
receipts require us to furnish at once the facili¬
generally called for only after many years'of successful
sponding increase of the
ties which are
business.
The directors, having in view that the road has, inoludingthe branches
it owns, only a little over $16,000 per mile of stock,
there is a reasonable prospect of its being able to pay eight per cent on
an increased capital, consider it for your interest to make
necessary
investment in as conservative a manner as possible; and they propose,
in order to meet the wants of construction, not to increase the debt, but
to make an issue of stock at par to the stockholders, to the amount of ten
and believing that
the
cent of the present capital.
Froposal.—The company offers to stockholders of record at the close
of business, July 24, a number of shares at par equal to one-tenth of the
amount standing to their credit on the books of the company, payable
in four instalments—Aug. 14, Sept. 1, Oct, 1, Nov. 1,1880.
This stock will be delivered when paid for in full. Receipts will be
given on account of partial payments. The Assistant Treasurer is
authorized to allow 5 per cent on any prepayments after allotment.
The holders of New Mexico & Southern Pacific shares, under Circular
48, who have agreed to exchange them for Atchison Topeka & Santa Fe
shares, under Circular 50, will be allowed to subscribe for their propor¬
per
(For the year ending March 31, 1880.)
Up to December 1,1878, the road was worked jointly with the
Boston & Lowell under a contract, by which the earnings were
divided, 31 per cent to this company and 69 to the Boston &
Lowell. Since December 1, 1878, the road has been worked
independently.
The balance sheet, condensed, is as follows :
$800,000
Stock
Bonds
200,000
Unclaimed interest and dividends
NEWS.
branches in Kansas alone will
Besides this expenditure, in order to do our work economically and
44 profitably, we must increase our rolling stock as rapidly as possible, lay
additional side tracks, build stations and eating houses, engine-houses
675 and machine-shops—in short, meet the demands of the traffic which
45
20
Metropolitan Elevated
Michigan Central
Nashua & Lowell.
Notes
GENERAL INVESTMENT
Since the report of your President,
the mileage of your general system
reports and Items heretofore pub¬
lished in the investment Department of the Chronicle since the last
issue of the Investors’ Supplement; annual reports are indexed in
The
67
THE CHRONICLE,
1880.]
Jolt 17,
313,000
tion.
Fractional or other rights can
obtained at the office.
Any shares not taken Aug. 10
By order of the Board,
Board.
1,546
be assigned in a form
which can be
will be subject to tlie disposition of the
T. Jefferson Coolidge,
President.
Boston Hartford & Erie.—In pursuance of the plan to
28,000
145,912 overthrow, if possible, the former sale of this road in foreclos¬
Total
$1,488,458 ure, a bill in equity has been filed in the United States Circuit
Court for the District of Massachusetts by William T. Graham,
Road, etc
$898,140
Boston freight bouse, etc., interest in
a native of Inniskillen, Ireland, and the owner of 500 shares of
286,149
Materials and steel rails
78,826
stock of the Boston Hartford & Erie Company. The bill claims
Advanced to Manchester & Keene RR
*
33,333
Cash and receivables
192,000—$1,488,458 that the Boston Hartford & Erie reorganization was invalid, as
also the Berdell mortgage. At the meeting of stockholders in
Bills payable increased $100,000 during the year
a new New York, July 15, the report of the committee previously
and
issue of $200,000 bonds, to fund the floating debt, has been
appointed was adopted. The report advised the uniting in the
voted.
prosecution of the Graham suit to set aside the sale under fore¬
The earnings were as follows :
closure of the Berdell mortgage, and, for the purpose of raising
1879-80.
1878-79.
Passengers
$189,297 money, proposed an assessment of 25 cents on each share of
$159,745
Freight
218,744
230,070 stock^ It was agreed that books of registry should be opened
Mail and express
13,433
14,150 next Monday at the office of President Rooney, No. 3 Pine
$433,518 Street, and that the period of ninety days from that date should
Total
$391,923
298,932 be allowed for the registry and transfer of the stock.
The
Expenses
231,771
proceeds
of
assessment
will
and
expended
by
the
the
be
received
$134,585
Net earnings
$160,152
committee previously appointed.
The disposition of net earnings was as follows :
—The Supreme Court of Massachusetts decided on the 8th
Net earnings, as above
$160,152 that the Berdell mortgage bonds of the Hartford & Erie Rail¬
Rent of
May dividend
Contingent fund
..•
3,745
way are exchangeable for stock in the New York & New Eng¬
$163,897 land Railway after some of the interest coupons have been paid.
$18,451
The bonds in suit are of the issue of $5,000,000 of what are
14,130
known as the guaranteed bonds. The N. Y. & New England
:
22,118
Co. claimed that it was not required to issue stock on bonds
34,365
52,000— 141,964 where the coupons had in part been paid, there being some
Balance to contingent fund
$22,832 $500,000 of these interest coupons paid.
Buffalo & Southwestern.—A despatch from Buffalo, July 8,
The company is now putting down 800 tons of steel rails,
said that the directors of the Buffalo & Southwestern Railroad
which will make the main track all of steel.
The Manchester & Keene Road has not been opened, and is had leased their road to the New York Lake Erie & Western
Railroad Company for a term of ninety-nine yeai 8. Concerning
now in the hands of a receiver, who is trying to put it in good
this, the Buffalo Commercial Advertiser publishes the following
condition.
The validity of the Peterboro lease is still in dispute. After statement from the officers of the company :
The announcement made that the fease had been consum¬
paying full rentals and all charges, the road earned 9 per cent mated was
premature. The facts are simply these: A sugges¬
on the stock.
tion,
in
the
nature of a proposition, by the New York Lake
The report says: “Finding it impossible to obtain from the
directors of the Boston & Lowell RR. Co., any recognition what¬ Erie & Western Company, has been made to the Buffalo & ,
Southwestern Company, looking toward a lease of the latter
ever of the claim made by us by your authority for a restitution
road. A meeting of the board of directors of the
company’s
of the large amount of your quota of past net earnings under
the joint traffic contract (withheld by the Boston & Lowell Com¬ Buffalo & Southwestern Railroad was held at the company’s
office in this city yesterday to consider the proposition, and
pany, or to procure their consent to arbitrate as to the quota
the
whole subject matter was referred to the Executive
of steel rails to which your road had become entitled at the
hall, etc
Total
Interest on debt, less interest received
Rent of Wilton RR
Rent of Sfony Brook RR
Paid for use of Petcrboro RR
Dividends, 6*2 per cent
“
THE CHRONICLE
68
"
'*"
■
■
■
—
—
| Vbii. XXXI.
;
Board, with power. It will be some days yet before a final
decision will be reached.”
The road crosses the Western Division of the Erie at Dayton,
and connects with the New York Pennsylvania & Ohio at James¬
town.
Cairo & Yincennes.—This railroad, which has been in the
hands of a Receiver, has been reorganized under the name of
the Cairo & Yincennes Railway Company. Articles of incor¬
poration of the new company have been filed with the Secretary
office, by choosing for President Mr. Navarro and for Vice-
ro’s
President Mr. Arthur
Leary. The Executive Committee are:
George J. Forrest, Chairman ; A. V. Stout, Jose F. Navarro,
John Baird, A, M. Billings, William R. Garrison, Arthur Leary,
Fausta Mora and John J. McCook. The inspectors of the next
election are Messrs. Mortimer Ward and William Tobin. The
Herald says that after Mr. Pullman had started for Chicago,
leaving General Horace Porter to vote
terest of the Pullman-Porter-Field
5,000 shares in the in¬
on
party, Mr. William R. Gar¬
company’s office with a scratched ticket and
-on upward of 11,000 shares; and the count
showed that the 11,000 shares had defeated Messrs. Pullman,
Miller and Samuel P. Wheeler.
Porter and William Adams, Jr., and elected in their stead Mr. A.
Carolina Central.—The stockholders of the Carolina Central V. Stout, President of the Shoe and Leather Bank, Mr. Fausta
Railroad (recently sold under foreclosure of mortgage) met and Mora, of Paris, and Mr. Arthur Leary, one of the directors of
reorganized at Weldon, July 14. David R. Murchison, of Wil¬ the Shoe and Leather Bank. The result was a surprise to the
mington, was elected President; General Wm. McRae, General party represented by Mr. Pullman, General Porter and Mr.
Cyrus W. Field. The exhibit made at the meeting was merely
Manager, and V. A. Johnson, Superintendent.
$5,500,000, and the corporators are J.
Pierpont Morgan, Anthony J. Thomas, W. P. Halliday, Roswell
of State.
The capital is
Chicago k Alton.—The Board has decided to extend until July
20 the option given stockholders of subscribing for one share of
new stock for each ten shares now held, under the circular of
April 6 last. This extension is made with the provision that
interest at 6 per cent from May 20 shall be paid on all subscrip¬
tions
now
made.
Denver South Park &
Pacific.—Despatches announce the
completion of the Denver & South Park Railroad to Leadville.
Greenville k Columbia.—A despatch from Columbia, S. C.,
July 9, to the Charleston News and Courier, says : “ It is re¬
ported that the persons in New York and elsewhere who bought
the Greenville & Columbia Railroad, on April 15, for $2,963,400,
will fail to make the payment of one-third of that amount, due
July 15, and the road will in consequence be re-sold.”
Manhattan—Metropolitan—New York Elevated.—Negotia¬
rison entered the
voted that ticket
a
statement of the cash assets, as
follows
:
$22,074
Cash in Shoe & Leather Bank
(’ash in First National Bank
Cash with Drexel, Morgan & Co
United States Government 4 per cent coupons
United States Government 4s, reg
12,126
:
287
1,066,000
536,250
500,000
Metropolitan Elevated stock, 5,000 shares
Manhattan Elevated stock, 5,000 shares
Manhattan call loans through J. F. Navarro
Metropolitan call loan
General expense account
150,000
600,000
42,450
32,435
95,000
Sundries
Total
-
$3,157,246
320,000
Liabilities, loan account
$2,837,246
Net assets
$3,000,000
Capital stock
Assets
Deficit
2,837,246
-
$162,754
-
“
an absolute consolidation of the elevated railroad com¬
These figures,” an officer of the company went on to say,
show a seeming deficit; but with all that there is to come in
panies of this city have been in progress for the last week or two.
The Tribune-reports that “a committee, consisting of Cyrus W. from unadjusted accounts, to say nothing of the value of
Field on the part of the New York Company, and of Commo¬ our charter, we shall have enough to make our balance sheet
dore C. K. Garrison on that of the Metropolitan Company, was even, and any advance in the securities held by the company
appointed at a recent meeting of the Manhattan Board,to arrange must add just so much more that does not appear in the
a plan of consolidation.
This committee has not agreed, it is report.”
a
understood, upon all the conditions of the proposed union,
New York Pennsylvania k Ohio (Atlantic k Great
although there is only one opinion in regard to the necessity
Western).—The
following statement is for April:
of it. The principal cause of difference between the members
1880.
1879.
of the committee is the basis on which the stocks of the companies
$85,825
$330,812
shall be exchanged for stock of the new corporation. On this Gross earnings
Expenses, rentals and all charges
327,045
335,415
point the members of the committee have been utterly unable
to agree, and the settlement of the problem will be left to the
Surplus or deficit
*
Sur. $85,825
Def. $4,603
full Board, which will meet again on Tuesday.
This shows a net gain of $90,428 in 1880. For the four months
Since the two elevated roads were leased to the Manhattan ending April 80 there was a net surplus over all charges of
Company, a little more than a year ago, there has been a con¬ $382,187, against a deficit of $61,044 for the same period in 1879.
stant struggle between the companies for the control of the
Northern Pacific.—The Treasurer informs us that the state¬
central organization. Although the lines have been practically
under one management, the directory has been divided upon ment of earnings and expenses of the Northern Pacific Railroad,
many questions exactly according to the original interests. The published in the Chronicle of July 10, on pages 33-34, was in¬
jealousy between the companies has been increased by the correct. This was published as one of the floating newspaper
inequality of the present earning capacity of the two systems, reports, which required some sort of notice, although belonging
and by the fact that one company—the one that wras earning to a class of news that is often inaccurate.
the smaller revenue—was forced to add largely to its bonded
Ohio & Mississippi.—On last Saturday the suit of Wm. King
debt in order to complete its line. Under the terms of the
lease to the Manhattan Company, the funded debts of the two j vs. the Ohio & Mississippi Railroad was argued before Judge
Drummond in Chicago. Several months ago two bills were
companies, as well as the capital stock, had been equalized. In ( filed
in suits against the Ohio & Mississippi Railroad, one by
addition to these difficulties, the Manhattan Company has failed
Wm. King, praying a foreclosure of the mortgage on the First
to earn sufficent revenue to pay the guaranteed dividend of 10
Division of the road, and the other by the Springfield Division
per cent on the capital stock of the two companies. The July pay¬
ments drew heavily upon the small surplus fund accumulated bondholders, in order to secure a judgment lien, and praying
for the appointment of a separate Receiver for that part of the
during the first five months under the lease before it began road. An
application was also made on the part of the Re¬
the payment of interest and dividends. A failure to meet these
ceiver for an order to pay interest on the main line first mort¬
charges would result in the dissolution of the lease unless
some
modifications could be agreed upon.
It has been gage bonds. The Springfield Division bondholders opposed the
difficult
to
the
unite
opposing interests upon any granting of such an order, for the reason that, by the report of
reduction of the guaranteed annual dividends, and in conse¬ Special Commissioner Howe, it appeared that the administration
of the receivership had been unjust to them, and that, there¬
quence it lias been proposed to consolidate the companies.
fore,
this money should^be appropriated to that division. The
It is believed, however, that the proposed union, even if the
directors should be able to agree upon the terms, will arouse Judge refused to appoint a separate Receiver, and reserved his
considerable opposition among the stockholders of the different decision as to the other points.—New York World.
Pacific Railroads.—A brief summary of the opinion of the
companies. The consolidation of parallel roads is forbidden
by a State law, and some of the stockholders claim that this Attorney General, in regard to the right of the United States
law will be used to prevent the proposed union.”
Government to withhold the earnings of the Pacific railroads
Marietta k Cincinnati.—The earnings for the fiscal year on Government transportation, was published in the Chronicle
The following details of his opinion, given
a few weeks since.
to July 1, and from January 1 to July 1, were as follows:
in the form of answers to the questions asked him, will be of
1879.
1880.
tions for
44
.
*
44
T otal for fiscal year
to July 1
Total for current year from January 1
$2,013,167
900,879
$1,521,660
687,492
New York Lake Erie k Western.—Following is the report
of earnings for the month of May and for eight months of the
fiscal year:
interest:
“1. Shall all compensation due for transportation services
rendered for the Quartermaster’s Department over those por¬
tions of the Union and Central Pacific Railroads which were
built by aid of Government bonds be withheld ?”
A. Yes. The second section of the act of May 7,1878,
chapter
That
of
the
whole
amount
Working expenses...o
1,064,786
972,435
compensation which may from time to time be due to said
Net earnings
$285,787
$620,108
Inc..
$334,321 several railroad companies, respectively, for services rendered
for the Government, shall be retained by the United States,”
From October to May, inclusive :
etc. (20 Stat.. 58.) This act was intended to change the pre¬
1878-79.
1879-80.
Gross earnings
$10,495,352
$12,057,029
Inc.. $1,561,677 existing law, and could hardly be made more explicit.
2. Shall full compensation be made for all transportation
Working expenses....
7,487,739
Inc..
7,697,578
209,838
services rendered for the Quartermaster’s Department over
Net earnings
$3,007,612
$4,359,451
Inc.. $1,351,838 those
portions of road owned, leased, controlled and operated
New York Loan k Improvement Co.—The New York Herald by said Union and Central Pacific Railroad Companies which
reports that the new directory of the New York Loan & Im¬ were not built by aid of Government bonds, or shall all com¬
provement Company, organized for 1880-81, in Mr. Jose F. Navar¬ pensation due for such services be withheld ?”
1879.
Gross
„
earnings
$1,350,573
1880.
$1,592,544
Inc..
Dec.
$241,970
92,351
96, expressly declares: 44 Sec. 2.
.
44
July
Though the Supreme Court held, in the United States
against Kansas Pacific Railway Company (99 United States, 455),
that the bonds issued to that corporation are not a lien beyond
the 100th meridian, nor is the company liable for 5 per cent of
A.
earnings beyond that point, yet, in the following case
United States against Denver Pacific Railway Company (99
United States, 460), the Court, in a note, based its exemption of
the road from liability to have its compensation for Govern¬
ment transportation withheld upon the fact that the company
(Denver Pacific Railway Company) was not indebted to the
United States. The Central and Union Pacific Railroad Com¬
panies, owning, leasing, controlling, and operating the branches
referred to in this inquiry, are indebted to the United States
upon subsidy bonds.
In this state of the decisions, I advise the
retention of" all compensation to these roads for services upon
such branches, so that the question can be judicially deter¬
its
mined.
“3. Shall all compensation due for transportation services
rendered for the Quartermaster’s Department over that portion
of the Kansas Pacific Railroad—393 15-16 miles—which was
aid of Government bonds, or only one-half of such
compensation, be withheld ?”
A. All compensation should be withheld over the entire length
of this road, under Revised Statutes, section 5,260, still in force,
built by
which declares:
“
The
Secretary of the Treasury is
directed to withhold all
railroad company and its assigns, on account
transportation over their respective roads of any
payments to any
of freights or
kind, to the amount of payments made by the United States for
interest upon bonds of the iJnited States issued to any such
reimbursed, together
company, and which shall not have been
with the 5 per cent of net earnings due and
vided
69
THE CHRONICLE,
17, 1880.J
unapplied, as pro¬
by law.”
Debenture loans
Debenture and guarantee scrip...
Deben. and guar, fraction! scrip.
Pekiomen m. guar, gl’d $ or £ scrip
Total floating
debt
Due to connecting roads account
current business
Due to leased roads and canals ac¬
count rental
Unpaid
Unpaid
wages
coupons
sylvania
Taxes due
on gross
S.,
sec. 5,260.)
“6. Shall all
compensation due for transportation for the
Quartermaster’s Department over those portions of the Sioux
City & Pacific and Central Branch Union Pacific Railroads,
which were built by aid of Government bonds, be withheld, or
shall only one-lialf of such compensation be withheld?”
A. All; because derelict in payment of interest. (R. S., sec.
5,260.)
7. Shall any part, and, if so, what part, of the compensa¬
tion due for transportation services rendered for the Quarter¬
master’s Department over lines owned, leased, controlled, and
operated by said Sioux City & Pacific and Central Branch
Union Pacific Railroad Companies, which were not built by aid
from Government bonds, be withheld ?”
$10,254,766
,
829,522
793,038
120,359
81,214
receipts
Commonwealth of Penn¬
sylvania on capital stock
...
by the company for ma¬
terials, Ac
Dividends of prior years of Schuyl¬
kill Nav. Co., payable in scrip
Advances acct. freight & tolls, Ac..
33,997
Debts due
739,273
5,912
214,727— 3,309,515— 13,564,282
Sinking fund loan, 1836-82
$166,070
Credit balance of insurance funds.. 385,509
Sundry credits
405,566— 957,146
(These entries made for the purpose of book¬
keeping ; they are not a cash liability.)
Sinking fund loan Schuylkill Nav. Co. impr’t
1,185,146
228,000—
bunds, due Nov. 1,1880
$92,851,321
$32,726,375
1,551,800— 34,278,175
Preferred
$127,129,496
BONDED DEBT AND
principal, $25,000,000*
cent $ or £ impr’t mort.
Six per
INTEREST, MAY
24, 1SS0.
June 1, 1871,
Amount. } \ Interest.
1873-971
^
$24,189,500 $1,584,380
9,364,000 ,J 561,840
$33,553,500 $2,146,220
1,181,160
350,700
19081 19,686,000
Six per cent gold $ or £ gen. mort., 1874
Seven per cent $ gen. mort., 1874-1908
issued but outstanding as
collateral)
(not
of July 1,1874,'prin¬
Outstanding of gen. mort.
cipal, $60;000h00 t
,
cent $ income mort: loan, 1876-96...
ct. $ income mort. loan, 1876-96 (not
issued, but outstanding as collateral)
Seven per
Seven per
5,010,000
$58,249,500 $3,678,080
2,454,000
171,780
7,546,000
528,220
$68,249,500 $4,378,080
Debenture loans...
Six per cent debenture and guar, scrip
Do
do
do
(fractional)
Six per cent general mort., gold, $ or £
Six p. o. Perk, mort., guar, gold $ or £
...
Bonds and mortgages on real estato..
Total bonded debt, includ’g
as above
unissued bonds,
$611,000 canceled for sinking fund.
meet $5,773,500 prior loans,
t $636,000 canceled for sinking
828,343
12,250,200
197,916
104,497
5,950
114,975
3,298,565
3,164
1,741,620
99,180
1,916,252
scrip..
scrip
*
“
%
of Penn¬
Outstanding of cons, mortgage,
withheld
15,760
678,932
$491,469
and interest on '
loans and dividends
Taxes due Commonwealth
be withheld ?”
A. For reasons indicated
issued.
Your fifth question states that the Kansas Pacific and Den¬
ver Pacific have been consolidated with the Union Pacific, and
asks if payment for services over these lines should be
and applied to the debt of the Union Pacific.
A. As stated in the second answer, the compensation should
be entirely withheld, until otherwise directed by the Court,
because the Kansas Pacific Railway Company is indebted for
interest paid by the United States upon its subsidy bonds.
(R.
$9,560,074
Material certificates
Capital stock—Common.
in my reply to your second ques¬
tion, I think all compensation should be withheld as to this
portion of that road, as well as to that in aid of which bonds
$1.^651,109
2^578,250
495,900
Total debenture debt
Loans—Schuylkill Navigation Company
East Pennsylvania RR. Co. bonds, due 1888
Bills payable and loans, including advances,
with option, on general mortgage bonds....
(These debts principally secured by general
mortgage bonds, income mortgage bonds
and other stocks and bonds owned by the
Company.)
Wages ccrtiiicates
part, and, if so, what part, of the compensation
due for transportation services rendered for the Quartermaster’s
Department over that portion of said Kansas Pacific Railroad—
244 miles—which was built without aid of Government bonds
“4. Shall any
$12,250,200
$3,298,505
3,164
99,180— 3,400,909
$87,558,482 §$5,629,765
$5,773,000 of this loan held to
fund.
$314,000 canceled for sinking fund. $34,990,000
meet $33,553,500 prior loans, as above.
§ Including interest on unissued bonds, as above.
+
of this loan held to
each month on the
February, $5,000;
A. All; for reasons indicated in the second answer. (R. S.,
March, $10,000; April, $385,420; May, $22,128; June, $974,532;
sec. 5,260.)
None of these corporations appear to be affected by the act July, $1,417,802; August, $5,000; September, $10,000; October,
$385,420; November, $22,128; December, $974,532.
relating to the compensation of roads which received grants of
RENTS OF LEASED RAILROADS AND CANALS, AND OF GUARANTEES,
land upon the condition of a free use of the road. Of course
MAY 24, 1880.
’
considerations additional to those above
as to any such company.
suggested would arise
Name
Philadelphia & Reading.—The receivers of the Philadel¬
phia & Reading made a report, Friday, July 9, to the United
States Circuit Court, of the condition of the Railroad and of
the Coal & Iron Company on May 24th, the date of their
appointment. The report gives three separate statements for
the Railroad Company and two (the same as the first two
for the Railroad) for the Coal & Iron Company. The first shows
the amount of debt and liabilities outstanding, the second the
annual interest charge on the bonded debt, with the amount of
interest falling due each month, and the third the lease
rentals and other guarantees. The receivers are unable as yet
to furnish any information with respect to the assets.
In the
following the receivers’ returns have been condensed, without
omitting any essential details.
PHILADELPHIA & READING RAILROAD
LIABILITIES MAY
Do
do
gen. m.,
COMPANY.
24, 1880.
Consolidated and prior mortgage loans
Six per cent, gold, $ or £, improvem’t mort.,
1873-97
1874-1908. $19,686,000
9,364,000
(An additional $5,010,000 of this loan is out¬
standing as collateral for floating debt.)
To this must be added scrip issued for funded
Also, overdue coupons not yet
funded in scrip
$55,006,380
collateral for floating debt.)
Bonds and morts. and ground rents on
Total mortgage
debt
Catawissa RR. Co
North Pennsylvania RR. Co
Delaware A Bound Brook RR.
detached real estate
RR. Co
Allentown RR. Co.,
Chester Valley RR,
16,478
365,235
754,145
224,207
*635,776
t243,488
2,455
30 per cent of
11,975
+15,752
receipts
Co., 45 per cent of receipts
Colebrookdale RR. Co., 30 percent of receipts
Pickering Valley RR. Co., 30 per cent of receipts...
Taxes
+9,163
14,123
$3,322,854
47,142
payable in addition to rental
The rental of the
Schuylkill Canal is
payable, in cash $462,122, in
scrip for coupons $72,000, in scrip for dividends $101,654,
1882, all cash.
,
t The rental of the Susquehanna Canal is payable, in cash
scrip for coupons $156,880, after July, 1882, all cash.
1 In 1879.
after July,
$86,608, in
CANALS GUARANTEED BY THE
PHILADEL¬
LEASED ROADS AND
PHIA &
East
READING RAILROAD
COMPANY.
Principal.
Pennsylvania RR., principal and int. guar...
do
Catawissa RR.,
2,454,000 Schuylkill Navigation,
do
do
Susquehanna Canal, principal and interest guar..
1,916,252
Do
$59,376,632
277,623
Co
Schuylkill Navigation Co
Susquehanna Canal Co
Swedes’ Ford Bridge Co
BONDS OF
cent $ income mortgage, 1876-96
(An additional $7,546,000 or this loan is outstanding as
$321,800
36,250
33,000
29,450
213,280
138,650
Schuylkill Valley Navigation and RR. Co.
Little Schuylkill RR. Co. and East Mahanoy RR. Co
East Pennsylvania RR. Co
Philadelphia Germantown A Norristown RR. Co—
Chestnut Hill RR. Co
1,741,620
25,260— 21,452,880
Seven per
Bent per annum.
of Company
Mine Hill A Schuylkill Haven RR. Co
Mount Carbon & Port Carbon RR. Co
Mill Creek A Mine Hill Navigation and
*
$24,189,500
half coupons on general mortgage loan, the
coupons being held as security therefor ....
The total amount of interest falling due in
above is as follows: January, $1,417,802;
*
*
do
interest only guar
Interest included in rent.
$495,900
1,740,350
2,806,250
5,691,950
1,573,000
.
Interest.
*$34,713
*126,895
*174,591
*341,517
*96,880
.
THE
70
Principal
$300,000
Colebroekdale RR., principal and interest guar...
Do
interest only guar
Colebrookdale RR., not guar., but receivable by
the Pliila. A Reading RR. in payment of freight
•
135,000
Pickering Valley RR., principal and interest guar.
Interest*
TONNAGE AND PASSENGERS.
'
105,000
19,900
+23,201
$59,201
from lease rental.
Tons of coal on railroad
Tons of merchandise.
..
Passengers carried
Coal
transported
steam
Perkiomen RR., interest only guar.;
Perkiomeu RR., not guar., but receivable by the
Phila. A Read, in payment of freight*
Perkiomeu RR., principal and interest guar
Lancaster A Reading Narrow-Gauge, principal
and interest guar
(Leased to Reading A Columbia, which com¬
pany pays the interest as rental.)
Phil. Newt’n A N.Y. RR., principal and iut. guar.
Norristown Junct’n RR.,
do
do
do
Schuylkill Iron Co.,
do
Hamburg Iron Co.,
do
do
Ringgold Iron A Coal Co.,
do
do
(P: A R. RR. Co. own $39,000.)
Danville Iron Co., principal and interest guar...
Kutztown Iron Co.,
do
do
Seyfert, McManus & Co., do
do
*..
E. Pennsylvania Iron Co., do
do
(P. & It. RR. Co. own $4,000.)
Monocaey Furnace Co., principal and int. guar..
(P. & it. RR. Co. own all.)
Phoenix Iron Co., principal and interest
guar.*..
August Scliwarze,
*..
do
do
Bechtelsville Iron Co., do
do
...
...
...
Principal.
Interest.
$699,600
$41,976
100,000
1,125,000
6,000
67,500
310,000
21,700
700,000
40,000
12,000
42,000
24,500
79,000
1,715
5,o30
39,000
538,000
48,000
2,730
3,640
32,280
2,880
75,000
4,500
2,800
810
52,000
949,000
56,940
6,000
3,480
100,000
58,000
$302,511
881,960
int. guar. $12,638,000
do
1,731,000
(Payable in scrip to March 1, 1882, inclusive.) »
Mammoth Vein Coal & I. Co., prin. and int. guar.
150,000
121.170
12,000
previous interest paid by debtor.
SUMMARY.
Amount of rental
Taxes in addition to rental
$3,322,854
(in 1879)
Liability for interest separate from lease
Less amount included in rental (in 1879)
$59,261
13,287--
47,142
45,973
Total annual liability for leased roads and canal (1879)..
$3,415,970
Annual liability on account of other railroads
$181,976
Annual liability on acct. of othercanal and iron cos.
120,535—
*302,511
$3,718,481
liability on acct. of P. A R C. &I. Co.’s bds.$l,003,130
liability on acct. of Mam. V. C. A I. Co. bds.
' 12,000—1,015,130
Total annual
liability on account of leased railroads and
canals, and of guarantees
$4,733,611
Of this
$143,196 have heretofore been paid by debtors.
PHILADELPHIA A READING COAL AND IRON COMPANY.
LIABILITIES MAY
24, 1880.
Purchase money mortgage loans on detached
Locust Dale Coal Co. loan, due in 1866....
Bonds and mortgages on real estate
47.396
265,044
by
properties
$12,638,000
$156,000
740,234—
896,234
V
May.
0 months.
828,322
459,317
019,941
3,489,004
1,852,261
3,143,956
59.039
291,474
Comparative statement of business of the Philadelphia &
Reading Railroad Company for May and for six months:
Gross receipts
Gross expenses
Net
1830.
Year to date.
1879.
.
$1,457,881
...
Month.
v
Year to date.
1,201,646
$8,233,518
6,463,752
$1,332,547
1,046,255
$6,233,310
$256,235
$1,769,765
$286,291
$1,459,488
profit
4,773,821
Comparative statement of business of tlie Philadelphia &
Reading Coal and Iron Company for May,' 1880:
Month.
Receipts
Expenses
Phila. A R. C. & I., div. m. bds ,prin. &
Do
do
deb. bonds,
do
*
526,298
528,128
839,458
Month.
p oof "v
IO/U.
S
0 months.
3,207,909
2,980,209
4,418,970
,
BONDS OF OTHER RAILROADS AND OF COAL AND IRON COMPANIES CUARANANTEED BY THE PHILADELPHIA & READING RAILROAD COMPANY.
Annual
Annual
.....
May.
colliers
phia & Reading Railroad Company.
All
-LOOV/.
18,100
The difference between these amounts and thirty per cent
of the receipts has heretofore been advanced by the Philadel¬
*
fVoL. XXXt
+$18,000
332,300
'
t Interest separate
CHRONICLE
1880.
Year to date.
1879.
.
Month.
.
Year to date.
$1,227,141
$5,254,329
1,215,505
$1,01 o,041
5,418,528
1,070,339
$4,184,700
4,511,861
Profit
$11,635 L’s $164,199 Loss. $54,697 L’s$327,161
Toledo Peoria & Warsaw.—The Chicago Times reports that
in the case of James F. Secor, et ar«, vs. the Toledo Peoria &
Warsaw Railway Company, et al., leave was obtained from
Judge
Drummond, of the United States Circuit Court, to file a bill in
the Circuit Court of Peoria County against the Toledo Peoria &
Warsaw Railway Company, now in the hands of A. Lawrence
Hopkins, Receiver.
The petition presented to Judge Drummond
that, at the time of com¬
mencing the foreclosure proceedings by Secor and others, the
for leave to
sue
sets forth in substance
Toledo Peoria & Warsaw Railway Company was
greatly encum¬
bered by mortgages to secure the payment of its bonds, and,
being insolvent and unable to pay the semi-annual interest on
holders, and other creditors of .the
corporation, agreed upon a plan of sale and reorganization of
the company. That the first and second preferred and common
stockholders of the old company agreed to deliver to the =purchasing committee all the stock held by them respectively, and
upon purchase of the old road and conveyance thereof to the
new Toledo Peoria & Western Railroad
Company, the stock¬
holders of the old company were entitled to receive in
exchange
its bonds, the stock and bond
for their stock
as
follows: The holders of the first
preferred,
50, of the second preferred, 30, and of the common stock, 25 per
cent of the par thereof, in certificates of the income
mortgage
of the new company.
The object of the bill is to subject this stock, which the stock¬
holders of the old corporation are entitled to receive under the
agreement, to the payment of the debts of the corporation, on
the ground that the stockholders are not entitled to
any share
of the capital stock until the debts of the corporation are
paid.
The amount due the unsatisfied judgment claimants is about
$40,000. The point presented is an interesting one, as the old
road has been sold under the agreement, and the Receiver is
about ready to turn over all the property of the old company to
the
new one.
Wabash St. Louis & Pacific.—At the stockholders’
meeting
held in St. Louis, July 14, the action of the directors in
leasing
Champaign Havana & Western Railroad ; in leasing and
constructing the Detroit Butler & * St. Louis Railroad, from
10,000,000—39,737,965
Butler, Ind., to Detroit, Mich.; in leasing the Missouri Iowa &
Total mortgage debt
$53,272,199 Nebraska Railroad; and in leasing 61 miles of the Pan Handle
Debenture loan
1,731,000 Road, from Logansport to the Indiana State line, was ratified
Bills payable, loans, advances, &c. (principally
secured by collaterals)
by a three-fourths vote of the shareholders, and therefore tlie
$1,668,245
Certificates for materials purchased
contracts are all approved.
232,236
The Chicago T/ibune reports that the Pittsburg Cincinnati
Total floating debt
$1,900,482
& St. Louis lias agreed to allow the Wabash to come in over its
Current business debts
$697,984
line from Forty-ninth Street to the corner of Desplaines and
Wages and material bills
379,256
Commouw’lth of Pa for State taxes.
darroll Streets, Chicago, until such time as the Chicago &
157,487
Uncollected coups. A int. on reg. Pus.
26,645
Western Indiana gets over its troubles. The Milwaukee & St.
Phila. A Reading RR. Co. freight
124,584
Paul agreesAo furnish the Wabash facilities for
Advances on coal, Ac
230,257— 1,616,215— 3,516,698
transacting its
Due to Phila. A Reading RR. Co. loan account
6,358,519 freight business at one of its freight houses near Desplaines
Total mortgage debt due to others than Phil. & R. RR..
Bond and inert. Phil. A R. RR., July 1, 1874.. $29,737,965
Do
do
Dec. 28, 1876.
$13,534,234
the
$64,878,417
and Carroll.
its Chicago
,
This arrangement will enable the Wabash to
open
line for freight business some time next week.
Capital stock
8,000,000
Only the city freight is to be handled at the latter point. The
$72,'878,417 transfer freight will be handled at the 'Wabash transfer
Of above.liabilities there are held by, or due to, P. A R. RR.
$54,221,069 yards, near tlie stock yards, which are reached over the West¬
Held by, or due to, others thau Phil. A Reading RR.
18,657,348 ern Indiana. No attempt will be made for the present to
open
the Wabash for passenger business.
$72,878,417
BONDED DEBT AND INTEREST MAY 24, 1880.
The conference of the Wabash managers with Mr. M. E.
Principal. Interest.
of the Cincinnati Indianapolis St. Louis & Chicago,
Ingalls,
Purchase money mortgage loans
$12,638,000
881,960 resulted in the lease of that
Locust Dale Coal Co (extended)
portion of Mr. Ingall’s road from
156,000
10,920
Loan 1872-92, debentures.
Int. conv. into P. A
Sheldon, on the Indiana State line, to Lafayette, about forty
R. scrip, to March 1,1882.1
1,731,000
121,170 miles, to be used as the connecting link between the Toledo
Real estate bonds and mortgages
*
740,234
Total
Companies controlled.
t Preston Coal A Improv’t Co., due May 1,1896.
Tremont Coal Co., due June 1, 1886
tMammoth Vein Coal A I. Co., due Feb. 1, 1900
Grand total
49,486
$15,265,234 $1,063,536
1,200,000
300,000
300,000
84,000
21,000
24,000
$17,065,234 $1,192,536
Peoria
& Warsaw and
the main line of the Wabash.
Wabash agrees to pay the Cincinnati
Indianapolis St.
Chicago half of the interest on the debt of the portion
used, and to defray half the expenses for repairs, &c.
—A despatch to
the Cincinnati Enquirer from
apolis, July 14, says: “ Judge G-resham, in, the
Court,
has
reinstated
the
case
of
David
J
The
Louis &
of road
Indian¬
Federal
Tysen, Jr.,
Benjamin F. Ham, et al., vs. the Wabash Railroad Company,
which was dismissed through an error some time ago.
The
plaintiffs are, besides those named, Edward De Rose, Henry A.
Mott, John W. Fendron, Charles Jackson, G-. M. Whittemore,
the above is as follows: January, $202,803;
February, $65,765; Townsend Underhill and Thomas Mayo. They own and hold
March, $70,245; April, $114,370; May, $91,560; June, $51,158; $113,000 of an issue of $600,000
equipment bonds made in 1862
July, $202,803; August, $65,765; September, $70,245; October, by the Toledo & Wabash Company, and ask that the officers
$113,969; November, $92,693; December, $51,158.
and trustees of the defendant companies be required to
exchange
—The statement, in usual form, of tonnage and
earnings, has therefor a like amount of the consolidated mortgage bonds of
been issued by the receivers for May and for the six months of
1873, and pay the interest on the equipment bonds due since
the fiscal year ending May 31:
November, 1874.”
*
Owned
by the P. A R. RR. Co., out as collateral on loans.
t$l.l 90,000 owned by tlie P. A R. C. A I. Co., out as collateral on loans,
t $223,000 owned by the F. A R. C. A I. Co., out as collateral on loans.
The total amount of interest falling due in each month on
July 17,
THE CHRONICLE.
1880.]
71
JJxe CmunxeTcial jinxes.
Friday, P. M.. July 16, 1880.
The Movement
of the Crop, as indicated
by our telegrams
to-night, is given below. For the week ending
this evening (July 16), the total
Friday Night, July 16, 1880.
receipts have reached 10,691
The weather continues uncomfortably warm, and is, there¬ bales, against 14,070 bales last week, -17,057 bales the previous
week and 23,511 bales three weeks
since, making tlie total
fore, a serious drawback upon business. Some changes benefi"
receipts since the 1st of September, 1879, 4,866,895 bales, against
cial to the growing crops have taken place however. In sec¬ 4,430,381 bales for the same
period of 1878-9, showing an increase
tions which have suffered from excessive rains, the skies are since September 1, 1879, of 436,514 bales. The details of the
clear; and in sections where drought has been suffered, copious receipts for each day of this week (as per telegraph) are as follows:
rains have fallen. The chief speculative interest for the week
Sat.
Mon.
Receipts at—
Tiles.
Wed.
Thurs.
Fri.
Total.
has been in wheat, caused by various reports from the growing
New Orleans
5S8
1,202
76
851
38
430
3,185
crop at home and abroad.
The promise of a favorable autumn
Mobile
COMMERCIAL EPITOME.
from the South
.
...
trade is considered
There has been
good.
Charleston
further
improvement in provisions; the
legitimate demands have been fair and, in a speculative way, a
large movement has been reported at the West. To-day pork
was stronger and sold on the spot at $13 50@$14.
July, August
and September options quoted at $13 40@$13 60 bid and asked.
Beef has continued quiet. Beef hams rule very firm at $22 50
@$23 for new. Lard was again higher, and sold on the spot at
7*15@7T7/£c. for contract Western, and 7'20c. for choice do.;
July options were sold at 7*15c., August at 7T5@7.22/£c.; Sep¬
tember, 7*27/12c.; October, 7'35c.j seller year, 710c.; refined to
the Continent quoted 7 65c.
Bacon sold in a small way at 7/£c.
for long clear.
Butter and cheese have advanced under good
demands and some concentration of supplies. Tallow steady
at 6 %c.
The following is a comparative summary of aggregate
exports, from November 1 to July 10:
a
1879-80.
Pork
Bacon
Lard
Total
.lbs.
52,717,600
.lbs.596,084,510
lbs.286,881,697
lbs.935,633,807
1878-79.
Increase.
53,591,800
587,564,189
251,726.414
8,520,321
35,155,283
892,882,403
43,675,604
Port
.....
Royal, &c.
1
94
81
104
139
48
....
....
Savannah
32
Brunswick, &c.
-
Galveston
-
.
81
.
Florida
45
....
....
4*27
590
....
Wilmington
Moreh’d City,&c
-
62
199
19
509
10
611
65
25
-
337
110
....
2,232
1,874
....
1880.
at
531
8
832
5
5
1,198
3,509
983
1879.
....
199
322
1,200
109
109
2,632
10,691
783
2,187
93
....
....
For comparison, we continue our usual
week’s total receipts and
the totals for the
of the four previous years :
Receipts this w’k
100
16
....
59
....
Totals this week
900
....
57
....
173
City Point, &c..
327
....
•
618
....
Norfolk
•
151
309
....
52
....
•
256
--
....
241
Indianola, &c...
Tennessee, &c..
•
44
table
showing this
corresponding weeks
1878.
1877.
Decrease.
874,200
874,200
Coffees have latterly been weak, consequently a much better
New Orleans
....
1876.
3,185
408
736
1,248
2,238
Mobile
327
195
220
219
271
Charleston
900
43
460
222
344
23
93
150
228
Port
Royal, &c
-
3avannah
Galveston
-
•
-
....
531
218
660
285
832
108
296
449
167
36,000 bags Rio Indianola, &c
5
20
having changed Tennessee, &e
3,509
593
1,656
564
800
hands; to-day fair cargoes of Rio were quoted at 15c, and job¬ Florida
93
33
118
81
bing lots at 13%@16/£c.; Maracaibo, 14@18c., and Java, 23@ North Carolina
47
148
1,200
590
492
25c.
Rice was about steady at 5%@6c. for Rangoon and 6%@ Norfolk
759
109
City Point, &c
51
23
38
7%c. for Carolina.
Molasses was dull at 36c. for 50 test Cuba
Total this week
10,691
2,809
3,782
3,676
5,042
refining and 40@o5c. for New Orleans. Refined sugars ruled
about steady at 9%c. for standard “A” and 9%@10%e. for
Total since Sept. 1. 4,866,895 4,430,381 4,252,333
3,952,833 4,075,817
hards. Raw grades were dull and barely steady at 7%@7%c.
The exports for the week ending this
for fair to good refining and 8M@8%c. for centrifugal.
eveniiig reach a total of
24,674
which 21,130 were to Great Britain, 1,660 to
bales,
of
Hilda.
Boxes.
Baers. Melado.
volume of business has been effected, fully
coffee and 35,000 mats and bags of other grades
....
s
....
...
-
Stock July 1,
1880..'.
Receipts since July 1, 1880
Sales since June 1, 1880
Stock July 14, 1880
Stock July 16. 1879
..139,315
21,198
9,665
6,289
20.773
989,618
113,324
17,111
139,740
85,085
9,665 1,085,831
28,376
668,535
6,649
4,242
360
Kentucky tobacco has remained quiet, and the sales for the
are only 475 hhds., "of which 275 for
export and 175 for
home consumption. Prices, however, are pretty well supported,
lugs quoted at4@5%c. and leaf, 6^13c. Seed leaf has also been
rather quiet, and sales are limited to 792 cases as follows: 50
cases, 1877 crop, New England, 18c.; 125 cases 1878 crop, New
England, 12@l7c.; 225 cases 1879 crop, New England, 10%@
12%c.; 175 cases 1878 crop, Pennsylvania, 10/£@18e.; and 217
eases 1879 crop, Pennsylvania, 10@22.
There has been a small
business in Spanish tobacco and sales are 400 bales Havana at
week
90e.@$l 10.
Ocean freight room has been freely taken by the grain trade,
but petroleum vessels have become very quiet. All rates are
well sustained.
France and 1,884 to rest of the Continent, while the stocks as
made un this evening are now 223,028 bales.
Below are the
exports for the week and stocks to-night, and
the
corresponding period of last
Week
EXPORTED TO—
ending
Great
July 16. Britain.
N. OiTns
Mobile..
CharTt’n
Sa van'll.
6,115
....
....
....
Total
Same
this
Week
Week.
1879.
1,389
7,504
....
•
Other*,.
3,594
1,660
....
4,112
16,516 223,028 145,185
....
....
6,311
5,110
....
•
•
.
....
495
....
....
....
....
.
...
.
....
....
Tot. this
week..
21,130
1,660
1,834
Tot.since
Sept. 1.. 2522,705 371,733 848,916 3743,354 3371,810
The engagements
1879.
24,674
....
....
Norfolk-
1880.
8,466
5,110
3,594
....
....
....
STOCK.
61,234 11,562
4,727
2,337
2,061
115
4,778
1,743
4,893
2,326
9,903 113,040 107,474
7,795
1,628
2,501 24,500 18,000
....
....
Galv’t’nN. York.
France.
Conti¬
nent.
comparison with
a
season.
and charters to-day included
♦Theexports this week under the head of “other ports” include, from Bal¬
grain to Liverpool, by steam, 6%d.; do., by sail, 6/sd. from timore,
1,842 bales to Liverpool; from Boston, 586 bales to Liverpool 5
store; do. to London, by steam, 7/6@7%c.; do. to Glasgow, by from Philadelphia, 1,160 bales to Liverpool,
From the foregoing statement it will be seen that, compared
steam, 7/^@7M@8d.; do., by sail, 6/£d.; do. to Avonmouth, by
with the corresponding week of last season, there is an increaM
steam, 7%d.; do. to Cork, for orders. 5s. 9d. per quarter; do. to in the
exports this week of 8,158 bales, while the stocks to-night
Hamburg, 5s. 6d.; do. to Gottenburg, 5s. 7/£d. There were no are 77,843 bales more than they were at this time a year ago.
In addition to above exports, our telegrams to-night also give
petroleum charters reported, the nominal rate for refined to the
us the
Continent being 4s.
following amounts of cotton on shipboard, not cleared, at
the ports named.
We add also similar figures for New York,
Naval stores have been quite dull and without notable inci¬
which are prepared for our special use by Messrs. Carey, Yale &
dent; spirits turpentine closed rather weak at 27/£@27%c., and Lambert, 60 Beaver street:
strained to good strained rosins at $1 40@$1 45. Petroleum
On Shipboard, not cleared—for
has latterly been weak and dull, but at the close a sudden im¬
Leaving
July 16,at—
Great
Other
Stock.
Coast¬
provement took place, and 10c. was bid for refined in bbls. here;"
France.
Total.
crude certificates have been
on
a
selling at $1, to-day closed steadier at $1 03% bid.
All metals,
with the exception of lead, show an advance and a much better
state of affairs; No. 1 American pig iron is now quoted at $25;
Coltness Scotch, $25, and Eglinton, $22. Steel rails are held
higher at $ '.2@$65. Ingot copper has been dull and weak at
18%@19c. for Lake. Alcohol, in bond, is quoted at 37c. for
July and 36c. for August.
Britain.
downward course, but after
New Orleans
Mobile
Onarleston
Savannah
Galveston
New York
Other ports
Total.
Foreign
3.380
2,796
None.
None.
None.
1.528
None.
None.
None.
None.
2,000
None.
6,908
2,796
None.
None.
None.
None.
None.
Not
I
rec
None.
•••mmm
wise.
6,271
54,963
None.
4,727
2,011
95
None.
50
200
N one.
eived..
None.
1,528
3,365
'2,606
30,295
345
10,049
99,939
50
2001
4,578
[Vol. XXXI.
THE CHRONICLE.
72
GO
the movement of
9, the latest mail dates:
The following is our usual table showing:
cotton at all the ports from Sept. 1 to July
EXPORTED SINCE
RECEIPTS SINCE
1.
SEPT.
Ports.
Great
Britain.
1878.
1879.
452,908
Florida
20,141
56,435
N. Car.
103.042
Norf’k*
727,754
Other..
291,917
135,000
559,192
213,716
N. York
32,644
91,067
....
....
....
“ C C_I
c-g.g'd
26,368
tc
3718,680 237,248
4427,572 2024,754
413,567!916,973
3355,294
a
167.374
Charleston is included Port Royal, Ac.; under the head of
Indianola. &c.; under the head of li orfolk. is included City
X<I
c. C3
wo,
,
f;
to
I ©;
decline.
OC3
00
m m
h-4
M M
t—1 m
—16• •5S'2>
-i -i
Tuesday prices continued to give
To-day the early months were again slightly
lower.
Cotton on the spot was dull until Wednesday, when a
very fair business was done for both export and home consump¬
tion.
Prices remained unchanged, but to-day were weak and
nominal at life, for midling uplands.
The total sales for forward delivery for the week are 22G,500
bales, including
free on board. For immediate delivery the
total sales foot up this week 4,060 bales, including 2,049 for
export, 1,902 for consumption, 109 for speculation, and
in
transit. Of the above,
bales were to arrive. The following
are the official quotations and
sales for each day of the past
Moil Tuck
Sat.
Ordin’y.^lb 8*2
BtrictOrd.. 9
Good Ord.. 10
Btr. G’d Ord 101-2
Low Midd’g 11%
Btr. L’wMid 11-%
Middling... 1178
123a
Good Mid
Btr. G’d Mid 125a
Midd’g Fair 13%
Fair
1334
9
10
10%
11*4
101*
11%
115s
1178
123s
125Q
13*8
1334
..
llSg
11 78
123s
125b
1318
1334
M
X M
M M
M M
M M
i-1 M
Ml-4
M M
MM
M M
66
MO
M M
M1
9
BtrictOrd.
Good Ord.. 10
Btr. G’d Ord 10*2
Midd’g ,11 %
Str.L’w Mid 11 5g
Middling... 11 %
Good Mid.. 123s
Btr. G’d Mid 125s
Midd’g Fair 13%
1334
Fair
10
1012
11*4
ll^B
1178
123s
1258
13%
1334
■
137a
137a
137a
137a
12
12
1212
12 34
13H
137a
2).
8%
9*8
10%
105a
113a
1134
12
12%
12%
1314
1378
1212
12%
1314
137a
Wed
12
12%
12%
13%
137a
12%
1234
13%
Th.
8%
9%
10%
10%
10%
113a
11%
12
12
12%
113a
1134
12
l‘>lo
1234
13%
1234
13%
1378
13%
12%
1234
13%
137s
Th.
Frl.
8ie
816
8%
8%
8%
8%
9
9
9
9
9%
9
9
9%
958
OSg
lOliis lOUio ionic ld%6 10i%6 101%6
95a
958
Low Middling....
Middling
MARKET AND SALES.
SALES OF SPOT AND
SPOT MARKET
CLOSED.
ConEx¬
Specport. eump. ul’t’n
.
300
525
55S
456
151
154
323
720
274
280
Total
2,049
1,902
Bat.. Firm
Mon
Quiet
.
210
and firm..
Tues. Quiet
Wed Steady
.
Thurs Quiet
Easier
Fri.
The
....
TRANSIT.
Tran¬
sit.
361
154
623
,
____
-
-
.
-
«...
•
•
-
109
daily deliveries given above are actually
on which they are reported.
Deliv¬
eries.
100
100
200
200
4,060 226,500
600
911
.
....
Sales.
31,800
57,200
42,900
30,800
40,800
23,000
1,245
.
79
30
Total.
FUTURES.
766
0 -1
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11-80; Monday, 11*80;
Transferable Orders—Saturday,
11-70; Wednesday, 11*70; Thursday, 11*05; Friday,
Short Notices for July—Thursday, 11-C4.
11*05.
Tuesday,
have been made during the week:
Aug. | *43 pd. to exch 100 Oct. for Sept.
The Visible Supply of Cotton, as made up by cable and
telegraph, is as follows. The Continental stocks are the figures
of last Saturday, hut the totals for Great Britain and the afloat
for the Continent are this week’s returns, and consequently
brought down to Thursday evening; hence, to make the totals
the complete figures for to-night (July 16), we add the item of
exports from the United States, including in it the exports of
The
•50
following exchanges
pd. to exch. 100 Sept, for
1880.
,
Stock at Liverpool
717.000
60,600
bales
8tock at London
Total Great Britain
stock
777,600
80,100
.
Stock at Havre
The Sales and Prices of Futures are shown by the follow
ing comprehensive table. In this statement will be found the
daily market, the prices of sales for each month each day, and
the closing bids, in addition to the daily and total sales :
1 8-2
MM<J
sg
Friday only.
Tious to that
M
MM
I1 to
I ©s
O
O
M
i:mu
i_4
M
Fri.
8%
9%
10%
M M
0-1
137a
8%
9%
10%
1058
113a
11%
Mon Tues Wed
Sat.
Strict Good Ordinarv
13%
Frl.
Th.
Wed
117h
123a
125a
l131a
1334
12%
12
10%
113a
1134
0
M
‘
10*2
11*4
U5s
STAINED.
Good Ordinary....
1212
12%
13%
12%
1234
1314
1212
12 34
1314
8I2
9%
1018
105a
113a
1134
9
10
9
12
12
12
8%
9%
10%
M
M k—4
M H*
0
8%
9%
10%
105s
113a
11%
wo
W t.5
T'T'o
co
4
-JO.
17—1- 17-2)1- 2 .0
9
Moil. Tae*
Cl
1
^*w
►—4
8%
9%
10%
105a
1130
1134
8I2
9%
10 %
1050
113a
11%
8I2
913
1018
1058
113a
1134
Sat.
77o
cr.-i
H-Mg
77c
I- I-
t—1 (-»
TEXAS.
Mon Tues
8%
9%
10i8
10 58
1138
11%
8*2
8*2
8%
Ordin’y.$lb
12
12*0
Frl.
Th.
Wed
8*2
9*8
1018
105a
11%
1134
8*2
8*2
9
10
Sat.
77o
1
M M
M
July 10 to
July 16.
IS.80
©£
1
<1 CO
MO
week:
NEW ORLEANS.
®s
AA.->
1 ©%
0 0
OX
1
supported.
UPLANDS.
I-1 M
-17.
-j
11*
-
The decline, like the previous advance, has been
for July and August. September has been the
decided
M M
M
M M
M
‘
favorable Bureau report was made public, and, together
weak accounts from Liverpool, caused prices to yield a few
Low
-
—
go
17,250
370,073,847,032
at some
was
points more.
best
a LM
r-11-<
"1 Q
CC0 &
15,126
Wednesday saw some effort to check the decline, but it
not successful, and prices continued to yield.
Thursday the
most
cc
1,124
35,487
251,185
237,074
way.
with
9p
l£p=-
1
very
£
C
B a*
speculation in futures has been
the close
was
53
® -
m
moderately active in the
past week, and the tone of the market has been without decided
feature. Saturday opened slightly lower and closed dearer. There
was a sharp advance during the early dealings of Monday, but
The
0
S3 y
Mi—<3C
rs <-*
uj o
os p
rr
......
2501,575
♦Under the head of
Galveston is included
©int. Ac.
&
O
O Pi
00 O
CP
*
n so
>^.-i
5* 3. £.2
3
5
a
32
64,775
6,503
2,OS 3
5,146
5,526
....
8.912
""
aa o co
33
07® O
576,619 119,715
10,447
1,177
1,479
23,863
240,794
260,706
This yr. 4356,204
Last year
Total.
Foreign
o
—
Vi |£
Stock.
147,561
705,128
O
TO—
562,758
725,554
470,229
211,733
Galv.*.
France.
0^35 2B 30*
879,632 261,224 253,105 1393,961
84,189 10,143 17,355 111,687
154,040 20,625 170,109 344,774
185,152 18,950 219,990 424,092
220,291 23,831 49,679 293,801
W.Orlns 1474,387 1171,847
Mobile. 352,110 361,637
Char’n* 479,337 514,298
Sav’li..
SEPT. 1
Other
Ohjxo
Stock at Marseilles
4,820
Stock at Barcelona
59,100
2,900
30,100
17.100
3,150
Stock at Hamburg
8tock at Bremen
Stock at Amsterdam
Stock at Rotterdam
•
1879.
566,000
41,000
^610,000
98,750
2,250
37,000
3,500
27,250
36,750
1,000
1878.
1877.
709,000
11,750
720,750
186,750
6,000
54.000
7,000
958,000
37,000-
995,000
209,750
7.50O1
70,COO
17,750
41,750
73.750
51,000
47,500
• 9,750
11,500-
July
1880.
1879.
1878.
1877.
bales
1,320
None.
6,500
Stock at other conti’ntai ports.
24,800
6,500
24,000
7,750
15,750
ports....
223,390
213,000
366,750
461,250
'Stock at Antwerp
•
CHRONICLE.
THE
17, 1S80.J
Total continental
Total European
Europe.
cotton afloat for Eur’pe
222,000
221,000
Egypt,Brazil,&c.,aflt forE’r’pe
20,000
Amer’n
823,000 1,087,500 1,456,250
stocks.. ..1,000,990
India cotton afloat for
Stock in United States ports
223,028
35,347
.5,000
..
Stock in U. B. interior ports...
United States exports to-day..
322,000
251,000
339j000
76,000
12,000
145,185
77,000
138,000
20,000
204,237
15,415
2,000
10,000
128,001
8,547
4,000
8,343
3,000
1,727,365 1,389,528 1,566,048 2,174,902
Of the above, the totals of American and other descriptions are as follows:
Total visible supply
The above totals show that the old interior stocks have de¬
creased during the week 2,870 bales, and are to-night 27,004 bale*
more than at the same period last year.
The receipts at the same
towns have been 573 bales more than the same week last year.
Receipts
prom
221,000
223,028
35,347
United States exports to-day..
5,000
East Indian,
138,000
8,343
3,000
4,000
Brazil, <£c.—
Liverpool stock
London stock.
-Continental stocks
India afloat for Europe
-
137,000
85,390
43,000
322,000
12,000
1,095,375
340,000
37,000
84,250
339,000
20,000
820,250
471,500
558,000
631,990
Total American
143,000
11,750
55,750
251,000
10,000
44,000
20,000
Total East India, &o
831,528 1,094,548 1,354,652
1,727,365 1,339,523 1,566,048 2,174,902
67ad.
63±d.
O^d.
63sL
Total visible supply
Price Mid. Upl.,
244,000
60,600
222,000
Egypt, Brazil, &c., afloat
377,000
138,000
204,237
15,415
2,000
Liverpool
The above figures indicate an increase in the cotton in sight to¬
night of 337,837 bales as compared with the same date of 1879,
corresponding
with 1877.
increase of 161,317 bales as compared with the
date of 1878, and a decrease of 447,537 bales as compared
In the preceding visible supply table we
an
have heretofore only
Plantations.—The following table is
RECEIPTS FROM
618,000
831,523 1,094,548 1,354,652
1,095,375
Total American
566,000
311,000
77,000
123,001
8,547
429,000
170,000
76,000
145,185
473,000
the
prepared for the purpose of indicating the actual movement each
week from the plantations.
Receipts at the outports are some¬
times misleading, as they are made up more largely one year
than another, at the expense of the interior stocks.
We reach,
therefore, a safer conclusion through a comparative statement
like the following.
In reply to frequent inquiries we will add
that these figures, of course, do not include overland receipts or
Southern consumption; they are simply a statement of the
weekly movement from the plantations, of that part of the crop
which finally reaches the market through the out-ports.
American—
Liverpool stock
Continental stocks
American afloat for Europe....
United States stock
United States interior stocks..
J3
Week
ending—
Receipts at the Ports. Stock at Inter’r Ports Rec’ptsfrom Planfna
1879.
1880.
1878.
1879.
22,283
30,858
19,031
25,661
75,550
65,770
19,897
24,636
26,514
46,305
78,962
71,546
59,249
51,429
17,113 23,764
11,089 23,674
6,612 18,580
7,188 19,870
6,293 23,511
3,637 17,057
3,032 14,070
39,025
42,198
34,154
29,315
23,287
37,570
32,429
29,306
161,455
143,241
130,635
115,038
96,190
21,240
25,223
81,172
19,675
18,033
10,691
15,494
“
14
“
21
“
28
18,220
4
“
11
12,380
11,231
“
18
10,721
“
June
25
6,879
July
2
5,949
“
9
5,287
“
3,782
16
1880.
1878.
31,196
24,252
20,097
19,732
Apr. 30,
May 7
PLANTATIONS.
16,678
2.800
56,433
204,154
186,658
176,157
1878.
1879.
1880.
17,604
14,472
10,760
9,604
13,951
14,078
8,165
14,135
11,615
7,600
8,853
7,882
6,461
4,065
2,210
22,388
4,693
4,832
4,384
802
11,81*
5,550
11,063
2,983
1,022
8.403
10,988
20,691
3,645
1,335
10.917
1,243
....
75,103
71,050
15,528 66,198
10,940
7,509
6,392
1,471
4,939
The above statement shows—
1. That the total receipts from
1879-80 were 4,925,792 bales; in
1877-78 were 4,251,345 bales.
the plantations since Sept. 1 in
1878-79 were 4,442,611 bales; in
although the receipts at the out ports the past week
10,691 bales, the actual movement from plantations was
2. That,
were
only 4,939 bales, the balance being drawn from stocks at
interior ports.
Last year the receipts from the plantations for
same week were
bales, and for 1878 they were 1,243 bales.
the
the
the 7 original interior towns.
the new interior towns for the
Weather Reports ey Telegraph.—In general the weather
four years, we could not make a comparison in any other way.
been fairly favorable the past week.
Limited sections com¬
That difficulty no longer exists, and we therefore make the fol¬ has
lowing comparison, which includes the stocks at the 19 towns plain of too much rain and others of too little.
given weekly in our table of interior stocks instead of only the
Galveston, Texas.—We have had showers on five days the past
old 7 towns.
We shall continue this double statement for a
week, the rainfall reaching sixty-seven hundredths of an inch.
time but finally shall simply substitute the 19 towns for the 7
The thermometer has ranged from 74 to 92, averaging 84. Pros¬
towns in the preceding table.
pects continue good. Picking beginning in the coast districts.
1877
1878.
1879.
1880.
American—
618,000 Two bales of new cotton have been received here, one at Hous¬
566,000
429,000
Liverpool stock
bales 473,000 170,000
377,000
311,000
138,000
ton and one at Indianola, making four in all.
Continental stocks
138,000
77,000
76,000
221,000
American afloat to Europe
204,237
128,001
Indianola, Texas.—There have been showers here on two days,
145,135
223,028
United States stock
27,979
15,494
15,528
66,198
United States interior stocks..
with
a rainfall of eighty-two hundredths of an inch.
Average
2,000
4,000
3,000
5,000
United States exports to-day..
thermometer 84, highest 94 and lowest 74.
Crops
good
and
838,713 1,101,495 1,367,216
1 ,126,226
Total American
picking beginning. One bale of new cotton has been received.
East Indian, Brazil, dec.—
340,000
143,000
137,000
244,000
Corsicana, Texas.—We have had one shower during the week,
Liverpool stock
11,750
37,000
44,000
60,600
London stock
the
rainfall reaching eighteen hundredths of an inch. The ther¬
'84,250
55,750
43,000
85,390
Continental stocks
339,000
251,000
322,000
222,000
mometer has averaged 87, the highest being 100 and the lowest
India afloat for Europe
20,000
10,000
12,000
20,000
Egypt, Brazil, &c., afloat
73.
We are having very hot weather.
Crops doing well.
820,250
471,500
558,000
631,990
Total East India, &c
Dallas, Texas.—It has rained on one day during the week, &
838,713 1,101,495 1,3G7,216
Total American
1 ,126,226
shower, the rainfall reaching fifteen-hundredths of an inch*
Total visible supply
1 ,758,216 1,396,713 1,572,995 2,187,466
Average thermometer 87, highest 100 and lowest 72.
Brenham,. Texas.—We have had warm, dry weather the past
These figures indicate an increase in the cotton in sight to-night
of 361,593 bales as compared with the same date of 1879, an week, and are beginning to need rain.
Crops good. Picking
increase of 185,221 bales as compared with the corresponding date
starting
in
a small way.
The
thermometer
has averaged 85,
of 1878, and a decrease of 429,250 bales as compared with 1877.
ranging from 75 to 7.
At the Interior Ports the movement—that is the receipts
And shipments for the week, and stocks to-night, and for the
New Orleans, Louisiana.—Rain has fallen on five days the
'Corresponding week of 1879—is set out in detail in the following past week, the rainfall aggregating one inch and ninety-nine
statement:
hundredths. The thermometer has averaged 82.
Shreveport, Louisiana.—The weather was dry and warm the
Week ending July 16, ’80. Week ending July 18, ’79.
first part of the week, but we have had heavy thunderstorms the
Receipts Shipm’ts Stock
Receipts Shipin’ts Stock.
latter portion, the rainfall reaching two inches and fifty-four
386
36
2,198
hundredths.
759
306
5,535
Average thermometer 84, highest 96 and low¬
Augusta, Ga
included the interior stocks at
As we did not have the record of
315
37
38S
38
3,311
1,244
2,565
1,-451
17,583
741
4,418
859
13,729
35,347
5
15
13
447
124
73
55
38
40
50
54
•Columbus, Ga
Macon, Ga...
Montgomery, Ala
Selma, Ala
Memphis, Tenn..
Nashville, Tenn..
35
17
386
Total, old ports.
Dallas, Texas *
Jefterson, Tex*..
Shreveport, La
Vicksburg, Miss.*
Columbus, Mios..
Eufaula, Ala»....
Griffin, Ga
Atlanta, Ga
Rome, Ga
Charlotte, N. C.t.
fit. Louis, Mo
Cincinnati, O....
216
120
2
25
41
620
73
125
432
968
Total, new p’rts
Total, all
..
..
*
1
....
5
11
61
83
661
1,362
95
3,546
2,443
7
1,132
236
4,430
8,343
10
78
32
10
45
46
.
....
807
50
89
824
289
180
2
226
83
.
.
.
....
35
■
1
167
127
303
10
50
25
500
162
300
ioo
7,896
1,691
132
100
3,576
881
14,202
4,134
10
2
10
4
25
235
597
2,662
5,544
30,851
1,003
2,022
7,185
3,521
9,273
66,198
1,289
6,452
15,528
Estimated.
\ This year’s
89
6
figures estimated.
1,191
598
2
104
6
47
660
1,067
4,356
1,184
est 72.
'
.
Vicksburg, Mississippi.—Telegram not
received.
had rain on four days, tha
rainfall reaching one inch and thirty-two hundredths. Average
thermometer 89, highest 93 and lowest 85.
Little Rock, Arkansan.—The weather during the week has been
dry and hot—just what is needed for crops. The thermometer
has ranged from 70 to 96, averaging 83.
Nashville, Tennessee.—Rain has fallen during the week on two
days, the rainfall reaching thirty-three hundredths of an inch.
The thermometer has averaged 84, ranging from 73 to 95.
We
are having too much rain.
Memphis, Tennessee.—It has rained on one day the past week,
the rainfall reaching ten hundredths of an inch.
The ther¬
mometer has ranged from 73 to 95, averaging 84.
The crop is.
developing finely. Good progress is being made in clearing tho
Columbus, Mississippi.—We have
fields of weeds and grass.
THE CHRONICLE
74
Mobile, Alabama—It has rained severely one day and has been
showery one day the past week, the rainfall reaching one inch
twenty-eight hundredths. Average thermometer SI, highest
The crop is developing finely. We have had
delightful showers during the week, and
indications are that
they extended over a wide surface. Caterpillars have appeared,
though the injury done is as yet limited ; poisons are being vigor¬
ously applied.
Montgomery, Alabama.—The weather has been very hot and
dry throughout the past week, except one day, which was showery.
The interior reports delightful showers, apparently extending
over a wide area.
Caterpillars have appeared and are now web¬
bing up. The thermometer has ranged from 73 to 97, averaging-
rvoi-. xxxi
Cotton Exchange Reports for July.—We publish below, in
full, the Cotton Exchange condition reports for July 1:
Questions.
and
97 and lowest 71.
The rainfall has reached ten hundredths of an inch.
/Selma, Alabama.—We are having too much rain in some sec¬
84.
badly in others.
tions and need it
Rain has fallen^ during the
past week at this place on five days. Caterpillars have appeared,
though the injury done is as yet limited. In general, however,
the crop is developing promisingly.
Madison, Florida.—It has rained during the past week on two
days. The thermometer has ranged from 70 to 88, averaging 82.
The fields are clear of weeds and the crop is promising.
Macon, Georgia.—There have been two light showers at this
point during the week, with a rainfall of twenty-six hundredths
The thermometer has
inch.
averaged 83, the highest
being 95 and the lowest 71. Crop accounts continue good.
Columbus, Georgia.—We have had rain on two days during
the week, the rainfall reaching one inch and eighty-eight hun¬
dredths. Average thermometer 85, highest 98 and lowest 81.
Savannah, Georgia.—We have had rain on five days, the rain¬
fall reaching one inch and thirty-seven hundredths ; but the rest
of the week has been pleasant, the thermometer ranging from
of
an
75 to 96 and averaging 84.
Augusta, Georgia—We have had warm, sultry, wet weather
week, with showers on six days, the rainfall reaching
seventy-seven hundredths of an inch. The thermometer ha*
averaged 82, ranging from 74 to 96. Accounts good and crop
progressing finely.
Charleston, South Carolina.—It has been showery two days the
past week, the rainfall reaching two inches and four hundredths.
The thermometer has averaged 85, the highest being 96 and the
the past
1. What has been the character of the weather since June 1 ?
2. Has the weather been more favorable or less favorable, up to this
period, than during the same period last year ?
3. Have any lands planted in cotton this year in your section been
abandoned, if so, state percentage and causes?
4. How are the stands in your section, and is the plant blooming and
forming well? /
Hi5. What is the present condition of the crop in
Norfolk Department.
The Norfolk Cotton Exchange, through their Committee on Information
and Statistics, composed of George L. Arps, Chairman, John N. Vaughan
and H. G. Reynolds issues the following report, covering the Slate of
Virginia, and the following Counties in North Carolina: Rutherford,
Lincoln, Catawba, Rowan, Davidson, Iredell, Burke, Wilkes, Caldwell,
Alexander, Davie, Forsythe, Yadkin, Stokes, Surrey, Rockingham,
Caswell, Person, Granville, Warren, Franklin, Nash, Wake, Hyde, Pitt,
Greeu, Cartaret, Craven, Beaufort, Tyrrel, Washington, Martin, Bertie,
Chowan, Pasquotank, Camden, Currituck, Gates, Hertford, Northampton
and Halifax.
North Carolina and
following statement we have also received by telegraph,
showing the height of the rivers at the points named at 3 o’clock
July 15, 1880, and July 17, 1879.
July 15, ’80. July 17, ’79.
r
New Orleans
.Below high-water mark ..
.Above low-water mark...
...Abovelow-water mark...
...Abovelow-water mark...
Above low-water mark...
..
Memphis
..
Nashville
Shreveport
Vicksburg
...
Feet. Inch.
6
7
25
3
6
3
11
4
33
6
Feet. Tncli.
1L
10
10
10
0
8
3
10
2
19
New Orleans
reported below high-water mark of 1871 until
Bept. 9, 1874, when the zero of gauge was changed to high-water
mark of April 15 and 16, 1874, which is 6-10ths of a foot above
1871, or 16 feet above low-water mark at that point.
"July Report of Agricultural Department.—The following
statement, showing the condition of cotton, was issued by the
Department of Agriculture July 15:
“The returns to this Department show an increase in the con¬
dition of cotton since the June report. The condition is reported
at an average of 100, being the highest reported in July since
several years.
“
favorable than last year; 26 less favorable, and 22 the same as
last year. Sixty-one report no land abandoned, and 20 show an acreage
of 334 per cent abandoned on account of drouth. Forty-nine report fair
more
to good
15 say
stands, blooming and forming well; 18 report poor stands, and
the stands are the same as last year. All say late planting is
backward, owing to drouth; early planting Is blooming and forming,
well, blooms beginning as early as ihe 20th of June. Forty-six report
the condition of the crop as very good, 27 as fair, 7 as poor, 1 the same
as last year, and 1 makes no report.
Forty-eight show a better condi¬
tion than last year and 10 to 12 days earlier; 18 the same condition as
last year, and 16 hot so favorable a epndition as last year, owing to dry
weather.
Ten replies indicate a very forward and promising crop;
38 show fair condition and prospects, but great need of rain, the late
planting—amounting to 15 or 20 per cent of the crop—suffering in conse¬
quence; 5 indicate a bad and .unpromising condition, and 29 make no
replies. Lice are reported in one county.
Charleston Department
the State of South Carolina, and is prepared and issued by tb e
Charleston Cotton Exchange, through their Committee on Information
and Statistics, composed of A. Norden, Chairman, R. D. Mure, E. Willis,
Wm. Fatman, L. J. Walker.
covers
South Carolina.—77 replies from 30 counties.
following are the reports by States :
Forty-five counties in North Carolina average 101; 19 coun¬
ties in South Carolina average 99; 70 counties in Georgia
average 97; 16 counties in Florida average 92; 31 counties in
Alabama average 93 ; 40 counties in Mississippi average 99 ; 16
counties in Louisiana average 96 ; 71 counties in Texas average
111 ; 33 counties in Arkansas average 104 ; 23 counties in Ten¬
nessee
“
The weather for the month of June is universally reported as very
dry, uo rain in fact having fallen, except in some sections on the 29th; a
lew report too many windy and cool nights, balance excessively hot.
The weather for the season to 30tli June is reported as more favorable
by 33, about the same by 16 and less favorable by 28.
But a trifling amount has been abandoned, and, taking the whole State,
not more than in average years.
,
Stands are reported as good to very fine by 69 and poor by 8. Early
planting is universally reported as blooming and forming well, but late
planting has been so retarded by drought that it is quite small and not
yet blooming in some sections; but all report that with rain soon it may
yet catch up.
*
The preseut cr ndition of the. crop, as compared with last year, is re¬
ported by 47 as better, by 14 about the same, aud by 16 as not so good;
but all report the crop exceptionally clean, the long dry spell giving
planters every opportunity of getting rid of grass, and generally keep¬
ing clean even the increased acreage, which at date of our last report
many
mand.
103.
average
There
complaints of drouth in North and South
Carolina, and of too much rain in Mississippi, Louisiana and
Arkansas. Insect injuries are not reported to any extent.”
The June and July condition figures, compared with the June
and July figures for previous years, are as follows :
are
June.
July.
1879.
June.
July.
1878.
June.
1877.
July. June. July.
1876.
June.
July.
104
N. Carolina
92
101
98
104
87
81
82
88
101
S. Carolina
104
99
94
81
99
104
91
87
98
90
Georgia...
98
97
93
86
101
105
89
90
103
103
Florida....
90
92
95
91
98
100
92
95
82
98
Alabama..
96
93
96
96
101
102
90
94
94
100
Mississippi
96
99
99
92
98
98
91
93
92
91
'
Louisiana
Texas
.
Arkansas..
Tennessee.
97
96
95
93
98
95
98
102
89
92
106
111
94
90
104
106
91
94
90
99
100
104
103
100
103
98
91
94
94
95
97
94
101
97
98
94
96
93
103
99
New Cotton at Galveston, Houston and New Orleans.—By
telegraph, the receipt of first bale of new Texas cotton is an¬
nounced at Galveston, and another at Houston, on July 12, and
at New Orleans from Galveston, on July 15.
The Houston bale
was received by T. W. House, classed strict
middling, weighed
four hundred and fifty-three pounds, and was from De Witt
County. Last year the first bale of cotton reached Galveston
July 2 from De Witt County.
com¬
Savannah Department.
report covers the State of Georgia and the State of Florida. The
report is prepared and issued by’tlie Savannah Cotton Exchange, through
their Committee on Information and Statistics, composed of J. II. John¬
ston, Clavius Phillips, J. J. Wilder, L. G. Young and F. M. Farley.
Georgia.—117 replies from 68 counties.
The weather during the mouth of June was
needed to clear the fields of grass, rendering
hot and dry—just what was
it unnecessary to abandon
lands planted in cotton, except where labor was particularly scarce.
Stands arc fair ; some grassy fields were partially injured during the
spring while chopping out; the plant is forming and blooming well; it is,
however, too small for the amount of fruit it is putting on, and when the
rains commence and the weed begins to grow, we must expect com¬
plaints of shedding. The crop compares favorably with that of last year,
though in most sections it is now suffering for rain.
any
Florida.—17 replies from 13 counties.
some
1880.
thought could not be accomplished with the limited labor at
This
The
“
Virginia.—82 replies from 28 counties.
Sixty-three report the weather dry and hot; 11 very favorable; 7 too
dry and unseasonable, and 1 too rainy. Thirty-four report the weather
lowest 71.
The
>
your section ?
6. How does the condition of the cotton crop in your section compare
with the same time last year ?
7. State any favorable or unfavorable circumstances relative to the
growth and condition of the cotton crop in your section not covered by
the above questions.
The weather has been generally good since the last report, and is
a
little more favorable than at this time last year. There has been no land
of any consequence abandoned; the stands are good, and the plant form¬
ing and blooming well. The condition of the
crop
generally is good,
being well cultivated, and will compare favorably with the same time
last year. There are some reports of caterpillars and rust, but no harm
has been done.
In ihe Sea Island section the weather has been warm and dry, hut is
now a little more favorable.
Three c mnties report some land planted in
cotton to have been abandoned; the stands generally not so good, though
cotton is forming and blooming weU.
Augusta Department..
of Georgia. The report is pre¬
This report covers part of the State
pared and issued by the Augusta Cotton Exchange, through their Com¬
mittee on Information and Statistics, composed of L. L. Zulavsky,
Chairman, S. M. Whitney, A. M. Benson, Geo. W. Crane, and F. W. Reid
.
Georgia.^36 replies from 20 counties;
average date June 30:
1. With very few exceptions, our correspondents report the weather
as warm and unusually dry, with some cool windy nights the last part
of the month.
Some sections were without rain for from four to five
weeks.' Rains set in pretty generally about the 26th.
2. Fourteen replies report the weather as more favorable; 6 as same ;
and 16 as less favorable than last year. On the whole it may be con¬
sider* d fully as good.
>=
3. Only 6 correspondents report any abandonment, and that of so
small an extent that it is not worth mentioning.
4. Eight reports state stands as very good and uuusually good; 24 as
good ; 3 as average; and 1 only as not good. The plant, though generally
rather small, is forming well, and early cotton already blooiniug well;
in fact, several good correspondents report too free a development of
the plant for its size.
5. Six correspondents state condition.as unusually good; 17 as good;
11 as very promising though small; and only 2 report a poor condition
c
July 17,
THE
1880.]
CHRONICLE
75
C
that fields are well worked and clean, plant healthy and
strong, and in good condition to meet adverse influences.
All agree
6. Fourteen replies state the comparative condition as being much
better than last ver*r; 10 report fully as good; 10 as less favorable; 2
as worse than last year.
But the large majority agree that “ prospects”
.
are better, the present condition being deficient only in size of plant, a
backwardness easily remedied by favorable weather.
7. While the weather during the month was very dry, in some sections
no rain having fallen from May 22d to June 29th, and checked the
growth of the plant, it undoubtedly enabled planters to save their
acreage, clean their fields and kill out grasses—a feat which, with rainy
weather on a largely increased acreage, would have been very hard to
accomplish.
Comparatively cool nights the last half of June also
helped to check growth.
But, as
a
rule, the plant has been amply
nour¬
ished by fertilizers, is now strong and healthy, and with seasonable
weather is undoubtedly more promising than last year. We are glad to
add that information received since date of our reports make it almost
certain that since July 1st rains have been general, and the anxieties of
planters as to continued dry weather and consequent damage have been
fully dissipated.
Mobile
Department
the State of Alabama as far north as the summit of the Sand
Mountains, and the following Counties in Mississippi: Wayne, Clark,
covers
Jasper, Lauderdale, Newton, Kemper, Neshoba, Nebaboe, Winston,
Lowndes, Oktibbeha, Clay, Monroe, Chicasaw, Itawamba, Lee, Pontotoc,
Prentiss, Alcorn and Tisliamingo. The report is prepared and issued by
the Mobile Cotton Exchauge, through their Committee on Information,
.and Statistics, composed of T. K. Irwin, Chairman, Julius Buttner, S.
Haas, G. Thos. Cox and G. L. Hopkins.
Alabama.—75 replies from 42 counties.
The weather during June was generally favorable—more
favor¬
able than last year in all the counties except 7, which are among the
most productive. Very little land was abandoned—about an average of
2 per cent in 6 of the most productive counties, on account of the
insufficiency of labor for the acreage planted. The stands are fair to
good and the plant is blooming acd forming well. The present condition
of the crop is generally good, some few correspondents reporting it not
good on account of grass. As compared with last year the condition is
from as good to better, except in 8 of the most productive counties for
the
noted above.
reasons
Mississippi.—33 replies from 20 counties.
ductive.
Very little land was abandoned. The stands are good. The
plants are generally blooming and forming well. Present condition
generally good. There is some little complaint of grass. As compared
with last year, the crop is from as good to better, very few reporting
it not so good.
New Orleans Department
covers that
part of the State of Mississippi not apportioned to the Mem¬
phis and Mobile Cotton Exchanges; the entire State of Louisiana, and
the State of Arkansas south of the Arkansas River. The report is pre¬
pared and issued by the New Orleans Cotton Exchange, through their
Committee on Information and Statistics, composed of Win. A. Gwyn,
Chairman, W. H. Hawcott, W. A. Peale, E. M. Hogan, Scott McGehee
John Lawson, Chris. Chaffe, Jr., and J. P. N. Baquie.
Louisiana.—113
replies from
37
parishes;
average
date
The weather for the month has been too rainy, the
avernge season to
Hate compared with last year is about the same.
Replies from 14 parishes show an average of 5*2 per cent of the lands
planted have been abandoned on account of wet weather and grassy
condition
Stands on the whole are good, two-thirds of our replies report the
?
plant
blooming and forming well, while one-tliird state the contrary.
Condition
of the crop with few exceptions
year.
Eighteen parishes report the
very
good, about the
same as
last
appearance of worms, and the River
Parishes complaiu of rust and blight.
The plant is reported
rapidly and running to weed.
Mississippi.—122 replies from 35 counties;
June 30.
as
growing
average
date
The weather
during June is reported as having been favorable up to
20tli, after which too much rain (although a few Upland counties
report very dry), and compares favorably with last year.
Twenty-two counties report no lands abandoned; 13 counties report
from a slight amount to 5 per cent abandoned,
owing to the recent rains
the
and grass.
The stands are
reported good, blooming and forming well. <,
The present condition is good and compares
favorably with last year.
There is some complaint that the recent rains have caused too
rapid
growth, rust and blight.
Arkansas*
June 30.
—
201
replies from
‘
33
counties
;
average
date
c
The weather during the month of June (with few
exceptions) was
favorable up to the 20th—more favorable than last
year.
Since then,
however, too much rain has fallen for the cultivation of the crop.
Eleven counties report a small percentage of lands
abaudonel, owing to
excessive rains last part of the month,
to overflow and to scarcity of
labor.
Stands are reported good; plants are
blooming and forming well.
The present condition is
good; in comparison with last year, somewhat
better.
Twenty-six counties report that the plant is growing too rapidly, on
account of the late rains, and some few
complain of rust and boll worms,
but no serious damage.
Galveston
covers
Department
the State
of Texas, and was prepared and issued by the Galveston
Cotton Exchange, through their committee on Information
and Statistics,
composed of J. D. Skinner, Chairman, Chas. Kellner, J. M. Northman, J.
M. King and T. J. McCarty.
Texas.—136 answers from 90 counties.
In reply to our first question, as to the
character of the weather since
June 1, 39 report the weather wet and
unfavorable; 99 report the
weather favorable.
In reply to the second
question, whether the weather had been more
or less favorable than
last season, 26 report the weather less
favorable,
110 report the weather more favorable.
In
reply to the third question, whether
any lands had been abandoned,
an abandonment of from 2 to 5
per cent, owing to wet weather
and over-cropping. 116
no
report
abandonment.
In reply to the fourth
questiou, as to the stands and whether the plants
20
report
were blooming
stands good; 9
and forming well, 6 report stands not good; 130
report
report plant not blooming and forming well; 127 report
plant
blooming and forming well.
In reply to the fifth
questiou, 19 report present condition not good,
owing to too much rain; 71 report present condition
good, and 46 report
it very
x
good.
In reply to the sixth
question, as to how the present condition com¬
pares with the same time last
year, 14 report not as good; 1 / report
condition same; 105 report condition
better; of which 1 reports 100 per
damage.
Nashville Department
Middle Tennessee east of the Tennessee River, and the
following
Counties of Alabama:—Lauderdale, Franklin. Colbert,
Lawrence,
Morgan, Limestone, Madison, Marshall, Jackson, DeKalb and Cherokee.
The report is prepared and issued
by the Nashville Cotton Exchange,
through their Committee on Statistics and Information, composed of
Leonard Parkes, Chairman, B. Lanier and J. P. Dobbins.
covers
Tennessee.—
1. Twenty answer the weather dry
until the 25tli, with cool nights to
the 15th; 1 no answer.
2. Ten answer more favorable; 5 less favorable; 6 about the same.
3. All answer none abandoned, but one says about 10 per
cent should
have been.
4. Twenty answer stands ^ood and
blooming well; 1 says stands
*
iqjured from lice.
is
5. Eleven answer the condition of the crop
good.
6. Niue answer
not so good."
7. All say that
equally
as
is very fine; 10 say that it
good; 7 that it is muoh better; 5 that it is
cotton suffered from cool nights until about the 15th
inst., but has since recovered. They say that the crop lias been well cul¬
tivated and was never better than at this time.
Most of the replies came to hand before the continuous wet weather
we have had, and I think it would have the effect to make the
plant
grow too rapidly.
Alabama.—
1.
Twenty-four answer that the weather was dry until about the 26th
insfr, with cool nights to the 15th.
2. Six answer more favorable; 10 about the same; 8 less favorable.
3. Four answer about 2 per cent have been abandoned; 1
says from 5
to 10 per cent abandoned; 19
say none abandoned, but 10 per oent
should have been.
The weather during June was generally favorable, more favorable
than last year, except 6 counties, 3 of which are among the most pro¬
June 30.
cent better; 1 60 per cent better; 4 25 per cent better;
2 20 per cent
bettor; 5 10 per cent better.
The complaint of an excess of rain comes from the immediate coast
counties and some few counties in Northeast Texas. Some counties
report waut of rain, but make no complaint.
Since these replies were
written the rain has ceased to a great extent, and the weather is muoh
more favorable.
Some complain of a few worms, but report little or no
4. Four
answer
stands not
good and blooming well.
good, but blooming well'; 20 say stands
5. Nineteen answer that the present condition is
good; 5 not good.
Some of the cotton still in the grass.
6. Nine answer not so good as last year; 15 about the same condition.
7. Most say that a wet May and a large acreage
planted caused about
one-third of the crop to be neglected ; then the cool
nights to June 15
caused lice which retarded the growth ; and they think if the
present
wet weather continues that much of the crop would be lost
by the grass.
Memphis Department.
the Slate
of Tennessee, west of the Tennessee River, and the fol¬
lowing Counties in Mississippi: Coahoma, Panola, Lafaj'ette, 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
covers
Statistics, composed of H. M. Neely, Chairman, H. C. Hampson, T. H.
Hartmus, H. F. Rose, H. Furstenheim, W. A. Gage and J. C. Johnson.
West Tennessee.—51 responses.
Weather—26 report the weather for the month of June
very favorable,
with seasonable raius; 15 reporc first two to three weeks
dry, with last
week to ten days very wet; 10 report first week to ten
days wot, with
last two to three weeks dry; 16 report the weather
very unfavorable.
Compared with 1879—25 report much
more
favorable; 10 about the
same; 16 less favorable.
Of abandoned crops—46 report no part of
cotton crop abandoned; 5 report froTv* '1 to 8 per cent
abandoned, on
account of wet weather and excessive grass;
average 25-100 per cent.
Stands, forming and blooming—20 report very fine stands. 19 good, 12
only moderately good; all report forming and blooming well. Condition
of cotton crop—20 report very tine condition, well cultivated, free of
grass and weeds; 20 good condition, but slightly grassy; 5 well culti¬
vated, but small and needing rain; 6 plant healthy, but very grassy.
Compared with 1879—26 report crops much better; 10 about same ; 15
not so good. For miscellaneous, see aggregate.
North
Mississippi.—41
responses.
Weather—20 report the weather very favorable, with seasonable
rains;
14 first two to three weeks dry, with last week to ton
days very wet; 7
first week to ten days wet, wi ll last two to three weeks
dry; 15 report
the weather unfavorable.
Compared with 1879—15 report much more
favorable; ll about same; 15 less favorable. Of abandoned crops—36
report none abandoned; 5 report from 1 to 3 per cent abandoned ou
account of wet weather, grass and lack of laborers,
averaging 25-100
per cent.
Stand, forming and blooming—IQ report
very fine stands; 17
good; 8 only moderately good; all report forming and blooming well.
Condition of
crop-12 report very fine condition, free of grass and weeds;
26 good, but slightly grassy; 3 plant healthy, but
very grassy.
Com¬
pared ivith 1879—18 report very much better; 11 about same; 12 not so
good. For miscellaneous, see aggregate.
North Arkansas.—59 responses.
Weather—30 report weather for June very favorable, with seasonable
rains; 27 first two to three weeks dry; last week to ten days very wet; 2
first week to ten days wet, last two to three weeks
dry; 10 report the
weather unfavorable. As compared with 1879—31
report much more
favorable; 18 about same; 10 less favorable. Of abandoned crop—9
report from 1 to 8 per cent of crops abandoned on account of wet
weather, excessive grass and lack of labor; 50 report none abandoned;
average, 58-100 per cent. Stand, forming and blooming—21 report very
fine stands; 30 good; 8 only moderately good; all
report forming and
blooming well. Condition of crop—33 report crops in very flue condi¬
tion, well cultivated, free of grass and weeds; 20 good condition, well
cultivated, but slightly grassy; 6 not well cultivated, and very grassy.
Compared with 1879—35 report much better condition; 18 about same ;
6 not so good. For miscellaneous, soe aggregate.
Aggregate.—151 responses.
1. Weather.—76 report the weather for the month of June as
been very favorable, with seasonable rains; 56 report the first having
two to
three weeks very dry, writli last week to ton
days very wet; 19 report the
first week wet, last three weeks dry with cool weather; 41
report the
weather unfavorable.
2. Weather compared with 1879.—71
report weather having been muoh
more favorable; 39 about the same; 41 less favorable.
3. Abaiidoned cotton.—19 report from 1 to 8 per cent
of cotton crop
abandoned on account of wet weather, grass and
scarcity of laborers,
averaging 33 per cent of entire crop; 132 report none abandoned.
4. Stands, forms and blooming.—57 report stands
forming and bloom¬
28 stands
ing very fine; 66 stands good, forming and blooming well;
only moderately good, but generally forming and blooming well.
5. Condition of cotton crops.— 65 report very fine
condition, well culti¬
vated, free of grass and we^ds; 66 report good condition, though slightly
grassy; 5 well cultivated, but small and needing rain; 14 report poor
cultivation and very grassy.
6. Condition compared with 1879.—79
report
39 about same; 33 not so good.
condition much better,
[Vol. xxxr,
CHRONICLE.
THE
76
RANGOON AND KURRACHKB.
TUTICORIN, CARWAR,
CALCUTTA, MADRAS,
from
of excessive
considerable
Bhedding of forms, and the backward cultivators are seriously troubled
with grass, expressing fears of further abandonment of portions of their
Miscellaneous.—When mentioned, the cotton crop is reported
8 to 14 days earlier than last year. Much complaint is made
rains the last week in June, causing excessive growth,
7.
25 report much damage
crops;
position is shown to
from cold weather.
Etc.—But little change is to be noted
is of a jobbing character, and no dis¬
Gunny Bags, Bagging,
in the market. Business
Year.
take large parcels except at a concession,
Prices are nominal
which holders are not willing to make.
and we continue to quote 10c. for 1% lbs.,
11c. for standard qualities.
Butts are also
hear of any transactions except for
firm feeling among dealers and prices are
10%c. for 2 lbs., and
quiet and we do not
present wants.. There is a
fully maintained, 3@
Monthly
Receipts.
236,868
675,260
901,392
96,491
288,848
689,264
942,272
956,464
779,237
January
February.
647,140
618,727
447,918
566,824
472,054
449.686J
March...
264,913
158,025
110,006
303,955
340,525
167,459
197,965
84,299
96,314
88,455
29,472
42,142
182,937
100,194
68,939
36,030
October..
Novemb’r
Decemb’r
.
April....
May
June
578,533
822,493
900,119
689,610
893,664
787,769
500,680
.
to all Europe
from—
Bombay
1876-77.
383,324
251,433
133,598
81,780
3....
44
4....
44
5....
44
6....
2,902
1,521
S.
1,176
629
761
848
414
1,163
367
1,009
2,067
840
914
961
780
S.
849
1,184
656
452
3,045
668
7....
44
8....
2.068
334
9....
4,563
2,232
563
1,013
815
S.
679
322
793
798
,1,128
872
287
674
634
694
399
1,034
479
1,485
465
346
726
629
439
758
1,282
1,205
44
44
10....
11....
44
12....
44
13....
44
44
44
S.
1,874
983
1,112
8.
930
S.
S.
14....
2,187
409
15....
783
206
834
2,632
255
563
16....
325
653
8.
3,468,338
4,866,895 4,428,811 4,250,294 3,950,712 4,071,569
Total
Percentage of total
99-18
9715
97-83
97-80
99-58
p'rtrec’pts July 16.
This statement
shows that the
receipts since Sept. 1 up to
to-night are now 438,054 bales more than they were to the same
day of the month in 1879 and 610,001 bales more than
were to the same day of the month in 1878.
We add to the last
table the percentages of total port receipts which had been
received to July 10 in each of the years named.
they
Ports.—The figures
by cable each
India Cotton Movement from all
which are now collected for us, and forwarded
Shipments this week
Year Great Conti¬
Brit’n. nent.
1880
1879
1878
1877
FOUR TEARS.
Shipments since Jan. 1.
Great
Total. Britain.
Conti¬
nent.
4,000 6,000 10,000 344,000 447,000
1,000 234,000 301,000
1,000
9,000 12,000 21,000 278,000 374,000
1,000 359,000 395,000
3,000
Total.
Receipts.
Since
Jan. 1.
This
Week.
7,000 1,023,000
7,000
851,000
833,000
652,000 15,000
9S0,000
754,000 2,000
791,000
535,000
.
According to the foregoing, Bombay appears to show no increase
or decrease compared with last year in the week’s receipts, but
an increase in shipments of 9,000 bales, and the shipments since
January 1 show an increase of 256,000 bales. The movement 'at
Calcutta, Madras, Tuticorin, Car war, &c., for the same week and
years has been as follows,
at Alexandria,
of
of
Egypt.
1878.
1879.
1880.
1,000
Since
This
week. Sept. 1.
Since
This
week. Sept. 1.
Since
This
week. Sept. 1.
289,780
666 174,328
169,000
78,500
1,000 235,000
168,00 0
666 464.108
247,500
1,000 403,000-
To Liverpool
To Continent
Total Europe
lbs.
A cantar is 98
shows that the
This statement
cantars and
July 15 were
were
2,767,000
1,663,000
3,204,000
Exports (bales)—
606 bales.
receipts for the week ending
the shipments to all Europe
Market.—Our report received from
July 16 states that there has been a steady business
at unchanged prices.
We give the prices of to-day
Manchester
leave
previous
weeks’ prices for comparison.
Cott’n
32s Cop.
Twist.
d.
d.
21
a
28
Juno
ii
ii
July
ii
t*
Mid.
Shirtings.
Uplds
6
6
6
6
6
6
9 ® 934 6
9 ® 934 6
6
9*4®10
91c®1014
912ffl)1014
9*2 a) 10M
9*2® 10*4
9*2® lOTj.
912«>1014
May 14
ii
8^4 lbs.
s.
4
11
18
25
2
9
16
6
9*4® 10
d.
9
d.
s.
7*2®7
®7
Manchester
in progress-
below, and.
1878-79.
1879-80.
7*2
9
7*2
7*2
712®7
7*2®7
7 *2® 7
710
7
74
412®7
4*2 ®7
6
6
d.
d.
938-5)10
613] G 93s5>L0
611]G 9 ^ 5> 9 34
914 ® 9 %
6%
0iaio 9 x4 5>9 s4
d.
6’-hG 9ie®934
634
6 34
7^ 5)7
87h'5)958
87b5>958
8 34 59:!d
8 58 59i4
7*2
7^3
7kj®7
32s Cop.
Twist.
8J4 lbs.
Cott’n
Mid.
Shirtings.
Uplds
d.
s.
s.
d.
d.
6
li2'5)8 1*2
5 1012®7 10J2
5 10*2®>7 10 1q
7Hg
73] 6
6131Q
6
58
5 IOL357 IOI2
5 9 57 9
5 71-257 6
5 71-257 6
5 6
57 (»
5 6 57 6
7
7
673
678
.
61&ig
67b
<>1:h c
Cotton from New York this week snow a
compared with last week, the total reaching 8,466
bales, against 12,477 bales last week. Below we give our usual
table showing the exports of cotton from New York, and their
direction, for each of the last four weeks; also the total exports?
and direction since !8ept. 1, 1879, and in tlie last column the total,
for the same period of the previous year.
Exports of Cotton (bales) from New York since Sept. 1,1S79.
The Exports of
decrease, as
-
Exported to—
and
report from Bombay, to furnish our readers with a full
complete India movement for each week. We first give the
Bombay statement for the week and year, bringing the figures
down to July 15.
AND SHIPMENTS FOR
Shipments.—Through arrange¬
previous two years.
This week....
Since Sept. 1
Friday, of the shipments from Calcutta, Madras, Tuticorin.■ Carwar, &c., enable us, in connection with our previously-received
BOMBAY RECEIPTS
Receipts and
The following
and shipments the past week and for the corre¬
ii
364
all India ports.
have made
we
S.
978
S.
comparison of the
and for the three
Receipts (cantars*)—
S.
44
S.
774,000
807,000
July 15.
650
2,624
1,530
1,764
21,000
16,000
Alexandria, Egypt,
S.
1,548
652,000
122,000
15,000 l,056v000
the receipts
sponding weeks of the
1874-75.
2.518
21,000
272,000
791,000
265,000
are
56,010
1,541
1,864
970
271
535,000
10,000
5,000
the movements of cotton
3,456,872
4,837,328 4,421,749 4,238,246 3,939,755 4,056,109
486
S.
1,073
918
343
1,904
July 1....
543
2....
1,000
15,000
This
week.
with Messrs. Davies, Benaclii & Co.,
Liverpool and Alexandria, we now receive a weekly cable
ments
Tot. Jn.30
44
This
week.
Since
Jan. 1.
Alexandria
Since
Jan. 1.
Since
Jan. 1.
This
week.
to date, at
years up
*
1877-78.
1878.
1879.
This last statement affords a very interesting
total movement for the week ending July 15,
in 1878-79 and
adding
1878-79.
p’rts.
All other
This statement shows that up to June 30 the receipts at the
ports this year were 415,579 bales more than
By
599,082 bales more than at the same time in 1877-78.
to the totals to June 30 the daily receipts since that time
move¬
we shall be able to reach an exact comparison of the
ment for the different years.
1879-80.
265,000
272,000
122,000
135,000
FROM ALL INDIA.
1880.
;
98-85
1875-76.
75,000
104,000
51,000
56,000
Total.
nent.
follows.
Shipments
134,376
536,968
676,295
759,036
444,052
96-78
97-56
97-52
99-42
190,000
168,000
71,000
79,000
5,000
15,000
EXPORTS TO EUROPE
4,056,109 3,456,872
Tot Jn. 30 4,837,328 4,421,749 4,238,246 3,939,755
Perc’tage of tot. port
receipts June 30..
as
1874.
169,077
610,316
740,116
821,177
637,067
479,801
300,128
163,593
92,600
42,234
Conti¬
this week show that the movement from
than Bombay is 10,000 bales less than same week
For the whole of India, therefore, the total
shipments this week and since January 1, 1880, and for the'
corresponding weeks and periods of the two previous years, are
Total
1875.
333,643
888,492
Bept’mb’r
1,000
6,000
9*000
Great
Britain.
The above totals for
relative
1876.
1877.
1878.
1879.
4,000
Total.
nent.
the ports other
of last year.
Beginning September 1.
Year
Conti¬
1880
1879
1878
1877
3%c. being the figures at the close.
Comparative Port Receipts and Daily Crop Movement.—
A comparison of the port movement by weeks is not accurate,
as the weeks in different years do not end on the same day of the
month.
We have consequently added to our other standing
tables a daily and monthly
the reader may con¬
stantly have before him the data for seeing the exact
The movement each month
movement for the years named.
since Sept. 1 has been as follows;
statement,'pthat
Great
Britain.
1/
Sliipmentst since January
Shipments this week.
'
date.
July
period
previ’us
Juno
23.
June
30.
July
6,867
9,158
9,077
6,311 430,719 244,165
28,500 10,593
C,867
9,158
9,077
6,311 459,219 254,758
3,392
2,890
336
1,660
34,301
14,295
3,392
2,890
336
1,660
34,304
14,395
503
915
115
495
36,725
19,055
15.073
80
1,453
25,098
2,835
81,478
20,110
6,678
3,400
5,610
10,084
5,610
8,466 585,085
294,873
7.
British ports
ToTal to Great
Havre
Other French
Britain
14.
year.
and Hanover
Hamburg
Other ports
141
Total to North.
.
100
ports
Total French
Bremen
Total to
*
Liverpool.
Other
Same
Week ending-
-
Europe
&
Spain, Op’rto, Gibraltar,&c
649
915
1,648
495
1,416
All other
2,202
■
.
Total
Spain, &c
Grand Total
1,416
10,903 12,963 12,477
.
Cotton at New York,
^Boston, Philadelphia and Baltimore for the past week, and since
September 1, 1879.
The Following are the keceipts op
Sept. 1. week. Sept. 1, week. Sept.l.
1,247 198.007
110,435
Texas....
'*270 ISO,957
:Savannah
Mobile
Florida.
445
This
Since
week.
Sept. 1.
Since
This
Since
This
Since
This
week.
from—
i
Baltimore.
Philadelphia.
Boston.
New York.
Receipts
1*02*2
S.Car’lina
N.Car’lina
68,418
1,318
Virginia..
75
6,059
1,061 212,794
North, pts
Teun., &c.
d.
6i316
62532
Aug.-Sept
634
Oct.-Nov
Nov.-Dee
54,030
Delivery.
July
62732@78
6i316
July-Aug
Aug.-Sept
6‘4«'2532
Oct.-Nov
July-Aug
80,026
781
312'l 51,994
3,132 154,498
561
63,107
15,000
3,964426,730
645 86,992
2,160 188,044
J
2,9121892,838) 2,353|360,429
Last year.
218
161,670
342
89,198
*1,077,588.
Shipping News.—The exports of cotton from
States the past week, as per latest mail returns,
r
the United
have reached
the Southern ports are concerned, these
are the same exports reported by telegraph, and published in
the Chronicle last Friday.
With regard to New York, we
include the manifests of all vessels cleared up to Wednesday
night of this week.
So far
-31,971 bales.
61^32
.-...6H32
-62532
Aug.-Sept
6%
Nov.-Dee
6732
62733
July
Tuesday.
Delivery.
Delivery.
I
Delivery.
July-Aug
.62532 j Sept.-Oct
Aug.-Sept
6% | Oct.-Nov
6916 Nov.-Dee
6**32 July
6733
62732
Wednesday.
*
4,113
This year.
d.
6%
62332
6H32
Delivery.
Delivery.
Sept.-Oct
5,336
Foreign.. 1
d. [
Delivery.
63ig I July-Aug
6II32 I Aug.-Sept
6732 | Sept.-Oct
Delivery.
Sept.-Oct
13,209
10,610
250
18
563
11
65
31
72 41.983
441 203,639
Delivery.
July
July-Aug
week are given
Middling clause
Monday.
2,575
84 15,966
1,290
5,660
112,718
The actual sales of futures at Liverpool for the same
below. These sales are on the basis of Uplands, Low
unless otherwise stated.
Saturday.
5,279
23,545
2,969
38,373
...
.
77
THE CHRONICLE
17, 1880. J
July
as
Total bales.
England, 994—Brit¬
Algeria, 581
Adriatic,
Delivery.
July
July-Aug
Aug.-Sept
Delivery.
Delivery.
6*732
65jg
Nov.-Dee
Dec.-Jan
6**10
6i732
Oct.-Nov
Nov.-Dee
-62332
6*~32
Oct.-Nov
62732 Sept.-Oct
62o32 Oct.-Nov
62332
63ls
63is
Thursday.
Delivery.
July
July-Aug
6*316
6 34
Delivery.
Delivery.
Aug.-Sept
Sept.-Oct
6Q32
6032
Friday.
July-Aug
Delivery.
Delivery.
Delivery.
July
613i0@27.jo Aug.-Sept
62532 Sept.-Oct
...
6932
-New York—To Liverpool, per steamers
Nevada, 1,848
694...Nasmyth, 1,441
To Havre, per steamer Amerique, 1,660
To Bremen, per steamer Donau, 299....per Lark Alamo, 196
annic, 753
Alice, 1,658—per
Orleans—To Liverpool, per steamer
-New
6,311
1,660
495
BREADS TUFFS.
Friday, P. M.t July
16, 1880.
The flour market has not been so active and buoyant as last
3,538
8,o63
To Rouen, per steamer
104 week; in fact, there has been at times some appearance of weak¬
To Genoa, per ship Soioto, 2,052
2,052
Baltimore—To Liverpool, per steamer Venezuelan, 1,050
1,050 ness; but in the aggregate trade has been good and prices have
To Bremen, per steamer Braunschweig, 1,050
1,050
made some further improvement. The demand has been mainly
Boston—To Liverpool, per steamers Victoria, 39
Iberian, 832
....Parthia, 398....Malta, 213
1,482
for export, but dealers have been steady buyers and some of
•Philadelphia—To Liverpool, per steamers Indiana, 500—
Lord Gough, 1,166
6,166 their favorite brands are decidedly dearer. To-day there was
Total
31,971
a scarcity of desirable grades, causing a comparatively small
The particulars of these shipments, arranged in our usual
business. Rye flour and corn meal are also dearer.
form, are as follows:
Total.
The wheat market has been irregular and unsettled, both as
Liverpool. Havre. Rouen. Bremen. Genoa.
8,466
bark Ephraim Williams,
To Havre, per ship Scotia,
1,880
4,073.. .per hark Kathinka, 3,990
Eglantine, 104
New York
New Orleans....
Boston
6,311
3,538
1,050
1,482
Philadelphia
6,166
Baltimore
18,547
Total
Cotton
495
1,660
8,063
104
9,723
104
1,545
Satur.
Liverpool, steam d. 3i0@*4
sail...tf.
Do
Havre, steam
c.
sail
c.
‘Bremen, steam. ,c.
sail
Do
c.
Hamburg, steam, d.
sail... <7.
Do
Amst’d’m, steam.c.
2,052
31,971
Mon.
Tues.
Wednes.
Tliurs.
Fri.
3i6@*4
3i0@*4
316 9)14
3io@*4
3i0@*4
5<jo @ < 30 3;jo ®7jj2 °32®732 B32®732 532®732 532®316
916
916
916
916
916
916
hi
hi
7ig® hi
hi
hi
*2
hi
hi®916
hi
hi
*2
716® 1532 716®1532 716®1532 71G®1532 716®1532 71G®1532
hi
hi
hi®9i6
*2
hi
*3
716®hi 7lG®hi 716® hi 716® hi 716® hi 7ib® hi
916
91G
916
916
916
916
d.
Baltic, steam
sail
c.
hi
hi
hi
sail... <7.
Do
Do
13,757
2,100
1,482
6,166
freights the past week have been as follows:
■
Do
2,052
1,050
**32® 3g
516
I
*32® ^8
516
hi
hi
1*32® 3& *132®38 **32® % **32® 38
5IG
516
5ig
516
Liverpool.—By cable from Liverpool, we have the
sales, stocks, &c., at that port:
following
July 2.
July 9.
July 16.
43,000
32,500
3.900
1,770
7.900
13,000
768,000
47.500
35.500
4,700
1,470
6,100
19.500
755,000
501,000
statement of the week’s
June 25.
Sales of the week
bales.
Sales American
Of which exporters took
Of which speculators took..
Actual export
Forwarded
Total stock—Estimated
Of which American—Estim’d
Total import of the week
Of which American.
Amount afloat
Of which American
36.500
26.500
4,000
2,300
56,000
40,000
5,60(/
regards tone and prices. The business in the regular way has
been checked by the scarcity and higher rates of ocean freights,
as well as the wide disparity between “ spot” prices and August
deliveries, causing purchases to be limited to the most urgent
needs. The speculation has been active, and prices fluctuated
with crop accounts. They were unfavorable from the West and
favorable from Europe, until yesterday, when there was bad
weather in England, and it was reported that Russia had
interdicted the export of wheat, while Minneapolis reported
weather very favorable. To-day tbe market was buoyant; No.
2 red for future delivery closed at $1 16% for July, $1 10% for
August, and $1 09/£ for September; and No. 1 white at $1 09
for August.
Indian corn declined early in the week, and No. 2 mixed
sold on Tuesday quite freely at 48c. for July and Au¬
gust. At this price the demand was almost unprecedentedly
active, and prices recovered, closing yesterday at 49c. for July
and August, and 49/£c. for September. To-day the opening
was at a further advance, but the close was at about the above
figures. No. 2 white Western sold at 53c., and prime yellow
at 51c.
Rye has been more firmly held, but unsettled and somewhat
Barley malt has sold at $1 05 for prime six-rowed
3,100
5,500 State and $1 25 for choice Canada.
10,000
12,000
7,000
Oats have been dull, drooping and unsettled on the spot.
717,OOC
784,000
473,000
514,000
532,000
Speculation has also been quiet, but some transactions have
53,000
27.00C
99,000
68,000
32.500
19,500 been made in No. 2 mixed for August and September at 33u.
79,000
62,000
263,000
262,000
282,000
336,000
124,000 To-day the market was dull, No. 2 graded closing at 34%c* for
116,000
132,000
170,000
mixed on the spot, and 36c. for white.
The tone of the Liverpool market for spots and futures each day cf the
The following are closing quotations:
week ending July 16, and the daily closing prices of spot cotton, have
been
as
nominal.
grain
FLOUR.
follows:
$ bbl. $2 65® 3 25 WheatNo. 3 spring, $ bu.$l 05 @1 07
Winter superfine
3 90© 4 20
No. 2 spring
1 11 @1 12*?
Spring superfine
3 60 ® 4 00
Amber winter
1 14 @1 19
Spring wheat extras.. 4 25® 4" 60
™
Red winter, No. 2 1 19 @1 20
do XX and XXX... 475® 6 25
White
1 14 @1 19
Winter sliipp’g extras. 4 40® 5 00
No. 2
Saturday Monday. Tuesday. Wednes. Thursd’y
Spot.
Market,
12:30
.i
p.m.
Mid. Upl’ds
ds
ALid. Ori’ns.
is.
Market
'ket,
5 p
Harden'".
6*310
0*516
Friday.
Fair
dem.
Good
demand.
Quieter.
Easier.
67s
67e
6V
67s
67a
7
7
7
7
7
Firmer.
freely
met.,
Spec.A exp.
5
P. M.
mix”...
City shipping extras.
Southern,
7,000
3,000
10,000
1,000
10,000
2,000
8,000
1,000
8,000
1,000
8,000
1,000
bakers’ and
Bliip’g extras.
Rye flour, superfine..
South’n
5 25® 6 50
4 75®
4 40®
Quiet.
Steady.
Dull
and
easier.
Flat.
Very
Barely
dull.
steady.
Brandywine, &c....
8 00
5 25
5 60
5 50®
4 75®
4 60®
6-75
5 25
5 00
2 65©
3 00
3 15
Corn meal—
Futures.
Market,
do XX and XXX...
Western ‘wye
(
Sales
...
....
©
No. 1 white
Corn—West, mixed
West’n No. 2, new
West, yellow, now
West, white, new
Rye
Oats—Mixed.
..
White
Barley—Canada W.
State, 4-rowed...
State, 2-rowed...
1 Pef^Can’dajb.&t
1 18*2®1 19
45 @ 49 h*
49
©
49
®
50
84
31
33
®
@
@
@
@
@
@
«...
....
82
©
51
53
87
35
40
...
-
....
....
95
78
THE CHRONICLE
(From the “ New York Produce Exchange Weekly.”)
_'
Receipts of flour and grain at Western lake and river ports
for the week ending J uly 10, 1880 :
Flour.
Wheat,
bbls.
At—
Chicago
.
...
...
Milwaukee.
bush.
(196 lbs.)
37,298
38,793
Toledo
Detroit*....
30
4,483
1,822
Cleveland..
Bt. Louis...
Peoria
23,951
9,497
2,100
Duluth
Total
117,964
game time ’79. 110,059
.
....
Corn,
Oats,
bush.
bush.
(60 lbs.)
(56 lbs.)
127,981 2,074,349
91,930
28,800
173,849
352,616
45,186
2,687
37,350
86,850
432,791
215,545
1,250
259,425
3,168
30,8 L3
913,508 3,101,085
1,734,275 1,902,453
Barley,
2,720
3,397
413
6,400
63,215
99,000
3,300
1,858
6,050
7,000
1880.
14,988
17,803
34,747
48,463
1879.
1878.
1877.
bbls.
3,010,499
3,385,590
3,000,066
2,108,780
hush.
32,796,339
49,530,680
14,969,117
2,385,906
1,648,094
30,655,628
48,208,725
13,283,455
2,873,722
8,875,913
Barley
Bye
25,213,745
81,090,114
16,118,721
2,538,224
1,143,339
1,954,709
2,684,712
822,224
Total
grain.... 126,104,143
101,330,136
96,976,239
59,966,422
Wheat
Com
Oats
Total receipts (crop movement) at the same ports
to July 10, inclusive, for four years:
Wheat
Com
Oats
37,551,902
10,028,671
from Aug. 1
1879-80.
1878-79.
1877-78.
1876-77
5,357,314
6,120,146
5,772,460
4,767,472
hush.
87,598,195
125.591,744
30,532,155
10,405,103
74,140,869
4,095,327
88,895,105
89,601,075
30,928,929
9,527,652
4,604.437
38,271,898
76,500,823
21,074,458
8,457,562
2,780,173
258,222,524
223,557,198
Barley
Bye
Total grain
....
82,298,341
25,695,0L2
9,352,582
3,931,526
196,418,330
147,084,914
Comparative shipments of flour and grain from the
ports from Jan. 1 to July 10, inclusive, for four years:
1880.
Flour..... ..bbls.
Wheat
Corn
Oats...:
1879.
2,828,113
hush.
3,561,403
28,212,568
66,929,529
12,630,560
1,624,213
1,032,085
29.195,516
46,799,527
11,304,345
2,021,213
Wheat,
In Store at—
bush.
New York
Do. afloat (est.).
2,111,328
......
Albany
Buffalo
Chicago
Milwaukee
Duluth
Toledo
Detroit
147,254
2,947,356
478,909
30,000
150,029
125,504
St. Louis
Boston
Toronto
Montreal (3d)
1878.
same
27,699,413
41,769,746
8,587,363
1,577,141
1,613,930
9,242,688
31,802,922
7,512,060
1,999,451
17,720
78,348
18,941
98
6,016
3,667
133,653
543
401
369,539
77,990
Kye,
bush.
28,322
34,000
8,842
144,389
15,334
4,600
12,289
4.094
840
2,628
528
133,062
72,544
64
66,200
24,300
37,559
156
235,265
66,104
532,255
892,343
2,300
1,295,000
1,646,000
4,832,000
3,500,000
447
26,600
62,696
693,683
1,511
i;693
437,561
181,000
81,000
11,509
29,221
12.000
8,000
July 10,’80. 10,979,880 17,240,688 2,279,775
156,213
235,772
129,582
3.'80
12,264,920 16,733,218 2,823,762
211,334
237,986
234,065
June 26, ’80
13,913,340 18,097,790 3,080,549
June 19, *80...... 15,550,196 17,564,027 2,802,798
June 12,’80
17,933,556 18,315,647 3,208,848
280.180
376.260
250,135
11,701,597 11,757,399 1,485,490
380,475
329,979
293,426
i
THE DRY GOODS
TRADE.
Friday. P. M.. July 16, 1880.
The trade movement has been slow the
past week, taking into
large number of package buyers now in the
market, and the volume of business was disappointing to com¬
consideration the
mission merchants and
2,147,100
2,133,117
33,881
75,000
220,648
bush.
25,425
76,000
,9,200
432,699
45,000
367,328
1877.
3,052,068
534,074
Barley,
116,62i
Indianapolis
July
’
804,857
83,725
Peoria
Total
Oats,
bush.
4,451
1,987
Philadelphia
Kansas City
Baltimore
On rail...
On lake (est.)
On canal (est.)
Com,
bush.
460,664
800.000
27,000
1,955,255
3,694
50,000
217,785
70,519
117,654
284,919
July 12, ’79
hhls.
Flour
follows:
Oswego
453,143
530,335
Total receipts at same ports from Jan. 1 to July 10, inclusive
for four years:
Flour
grain, comprising the stocks in granary
of accumulation at lake and seaboard
ports, and in transit by lake, rail and canal, July 10, was as
bush.
(32 lbs.) (48lbs.) (56 lbs.
6.085
228,116
1,968
‘
The visible supply of
at the principal points
Rye,
bush.
32,781
16,704
6,927
[VOL. XXXJ
weather checked
importers.
operations in
The extreme warmth of the
some
descriptions of goods, and
goods market caused
the still unsettled condition of the cotton
buyers to limit their purchases to such moderate parcels
Rye
1,527,532
791,142 as are likely to be required for early distribution.
The most
Total grain
110,428,955
87,848,133
76,257,593
51,348,263 satisfactory feature of the week’s business has been a very
Rail shipments from Western lake and river ports for the material improvement in the demand for cotton
goods for
weeks ended:
export, large orders for which were placed with agents repre¬
1880.
1879.
1878.
1877.
Week
Week
Week
Week
July 10.
July 12.
July 13.
July 14. senting some of the leading manufacturing corporations.
Barley
many
....
Flour
Wheat
Cora.
Oats
hhls.
93,061
74,524
64,601
64,588
hush.
235,265
493,724
617,772
271,299
31,133
150,605
270,702
232,682
36,753
220,204
344,142
343,995
5,702
8,888
1,440,681
922,931
669,103
892,343
437,561
11,500
29,221
Barley
Lye
Total
1,605,899
Rail and lake
Week
June 26
June 19
121,784
Total, 4 w’ks.445,318
4 weeks ’79. .470,447
*
*3,074
12,094
shipments from same ports for last four weeks
Flour,
bbls.
125,698
138,021
59,815
ending—
July 10
July
3
>
Wheat,
bush.
1,125,083
1,210,195
1,833,194
2.756,547
Cora,
hush.
4,673,294
4,140,576
4,171,005
4,290,584
Oats,
bush.
536.571
603,621
605,767
443,329
6,930,019
'
2,189,288
5,187,755 9,198,559 2,019,290
:
Barley,
bush.
Rye,
bush.
11,509
26,587
13,414
20,818
29,221
44,703
including 2,621 to Great Britain, 1,421 to British North Ameri¬
can
Colonies, 264 to Brazil, 71 to Hayti, and
shipments.
28,171
72,328 136,795
68,320 260,119
Brown and bleached cottons
some
attention, but transactions
yet been made
selections
ended July 10:
At—
New York
Boston
Portland
Flour,
Wheat,
bbls.
Corn,
bush.
Oats,
bush.
bush.
Barley,
bush.
88,400 1,872,712 1,899,354 183,600
28,903
143,401
372,350 35,400
2,850
5,500
1,580
16,669 341,554 345,628
1,672
168,000 1 ,155,900 49,200
9,070
12.802
647,500
346,850
7,600
7,135
45,121
488,645 19,660
Montreal
Philadelphia
Baltimore
New Orleans
165,834 3,218,288 4,614,227 298,712
197,503 1,406,808 2,247,402 293,676
And from Jan. 1 to
July 10, inclusive, for four
1880.
1879.
Bye,
bush.
550
1,000
730
400
1.500
1,700
1,550
6,380
4,330
29,669
years:
1878.
1877.
number of smaller
were
distributed in
light,
were
as
prices have not
several leading makes.
Prints moved slowly,
having been mostly confined to small parcels of dark
on
and medium work.
Receipts of flour and grain at seaboard ports for the week
a
relatively small lots to a moderate amount, and there was a
limited inquiry for colored cottons; but buyers continued to
operate cautiousty, as a rule. Cotton flannels have received
34.700
17,275,459.
Total week
Cor. week ’79
Domestic Cotton GooDS.—/Fhe exports of cotton goods from
this port during the week ending July 13 were 4,540 packages,
A feature of the week
was
the
opening of
Sprague’s dark fancies at 6/£c., which is a low price, consider¬
ing the present cost of print cloths, &c. Print cloths ruled
quiet and firm at 4c. for 64x64s and 3%@3/£c. for 56x60s.
Domestic
for
Woolen
Goods.—There
was
a
moderate
clothing woolens at first hands, but transactions
were
inquiry
chiefly
restricted to small lots needed for the renewal of assortments.
The best makes of men’s-wear woolens
price, but such styles
value
are now
Flour
bbls.
4,697,857
5,162,263
4,356,789
3,386,552
Cloakings
Wheat
Cora
Oats
bush.
45,141,564
80,155,846
12,708,400
1,585,817
807,290
44,105,350
65,203,133
11,049,418
1,487,857
2,025,159
36,722,698
5,326,870
62,422,632
43,503,733
the demand.
offered at
were more
as
a
are
generally steady in
have been held above their market
concession from former
active, but there
was some
quotations.
irregularity in
Repellents have also received more attention tlian
large sales of Kentucky jeans were effected
Barley
Rye
2,466,368
623,828 by means of relatively low prices. Flannels and blankets have
Total grain
140,398.917 123,870,917 114,501,462
58,064,829 been in light request, and transactions in carpets were chiefly
Exports from United States seaboard ports and from Montreal confined to making deliveries in execution of back orders.
for week ending July 10:
Shirts and drawers and fancy knit woolens were a trifle more
Flour,
Wheat,
Corn,
Oats,
Rye,
Peas,
From—
bbls.
1
active,
but hosiery moved slowly.
bush.
ush.
bush.
bush.
bush.
New York
98,045 1,593,958 1,119,276
912
Foreign Dry Goods.—There has been a very light movement
536
Boston
16,118
126,741
307,532
in foreign dry goods, as importers are not yet prepared to show
Portland
Montreal
11,593
120,841
239,111 62,510
44,101 their new importations for the fall trade. There was, however,
Philadelphia.. 12,780
288,898
601,131
Baltimore
a light hand-to-mouth demand for the most staple fabrics, and
6,600
264,390
700
397,019
prices are fairly maintained on such goods as are not in overTotal for w’k 145.636 2,304,82S 2,664,060 64,122
44,637
8ame time ’79. 76,047 2,203,314 1,689,039 11,993 62,977
20,880 supply.
10,493,372
2,396,392
8,969,772
1,869.700
....
r
.
•
•
of late, and some
July
THE CHRONICLE.
l’, ISSO.]
Importations of Dry Goods.
Receipts of Leading Articles of Domestic Produce.
The
importations of dry goods at this port for the week ending
July 15, 1880, and for the corresponding weeks of 1879 anc
1878, have been
The
following table, based upon daily reports made to the
Exchange, shows the receipts of leading
articles of domestic produce in New York for the week
ending
with Tuesday last (corresponding with the week for
exports),
also the receipts from January 1,
1880, to that day, aud for the
corresponding period in 1879:
New York Produce
follows:
as
ENTERED FOR CONSUMPTION FOR TIIE WEEK ENDING JULY
15, 1880.
*
1878.
1879.
Value.
Pkgs.
Manufactures of—
$
Wool
Cotton
Silk
Flax
628
936
538
825
159
Total
Value.
Pkgs.
$
271,528
978
256,271
1,809
328,509
989
160,390
55,223
1,199
3,086 1,071,921
5.578
Miscellaneous
1880.
Value.
Pkgs.
$
403,407
479,196
582,427
279,722
101,859
303
1,816,611
WITHDRAWN FROM WAREHOUSE AND THROWN INTO
ING THE SAME PERIOD.
1,271
1,654
963
733
329
575,316
508,730
622,411
172,088
125,562
1,950 2,001,107
THE
MARKET
DUR-
Manufactures of—
177
193
64
191
180
Cotton
Silk
Flax
Miscellaneous
228
194
77,764
63,682
42,503
43,847
9,976
71.198
76,585
50,170
2,506
Total
Ent’d for consumpt.
805
237,772
3,086 1,071,921
844
285,115
5,573 1,846,611
Total
3,891 1,309,693
6,422 2,132,026
market...
on
ENTERED FOR WAREHOUSE DURING
Manufactures of—
Wool
Cotton
236
272
55
234
Silk
Flax:
Miscellaneous
7,039
Total
Ent’d for consumpt.
410
388
133
435
268
81,956
80
278
58
175,566
139,123
89,785
99,055
18,954
1,634
522.483
4,950 2,004,107
6,584 2,526,590
SAME PERIOD.
98,918
369
66,960
38,236
41,916
50,061
270
74
531
148,613
93,947
78,957
111,103
1,602
48,809
822
290
256
553
256
353,857
84,533
205,664
130,625
18,403
481,429
5,578 1,816,611
2,177
Total at the port... 10,922 1,368,042
8,424 2,328,010
7,127 2,797,189
2,846
793,082
4,950 2,004,107
f
Imports of Leading Articles.
January 1,1880, and for the
from Custom House returns,
leading articles at this port since
same
period in 1879:
1879.
China, &c.—
China
Earthenw
Glass
.
Glassware.
Glass plate.
Buttons
Coal, tons...
8,969
28,826
428,387
20,539
3,779
7,175
Cocoa, bags.
19.291
25,590
Coffee, bags.
1,299,509
Cotton,bales
Drugs, Ac—
Bark, Peru.
Blea. powd.
Cochineal..
Gambier
.
.
Gum, Arab.
Indigo
Madder, Ac
Oil, Olive..
Opium
Soda, bi-cb.
Soda, sal...
Soda, ash..
..
..
4,186
22,401
14,979
2,470
70,989
4,467
5,601
Furs
7.815
Hair
Hemp, bales
26,327 Reported by
733
value.
7,615 Cigars
30,059 Corks
39,379
....
500,
2,224
..
.
Hides,dr’sd
India rubber
Cvory
Jewelry,AcJewelry..
.
Watches
Linseed
.
561
Molasses....
Metals, Ac—
Cutlery
3,999
Hardware...
..
.
...
Nuts
Raisins
675,845
1,372,432
530,806
406,043
2,474' Logwood
278! Mahogany.
..
790
5,570,262
210,431
261,698
217,062
90,692
320,123
175,626
355,542
259,494
44,913
83,668
450,094
393,764
108,180
139,664
Exports of Provisions.
The
following are the exports of provisions from New York,
Boston, Baltimore, Philadelphia, Montreal, Portland and New
Tork, ) Beef,
To—
bbls.
London
Glasgow
254
1,186
231
.
Bristol...
120
352
Cardiff
Newcastle
...
Hull
»
i
•
AX(U.
50
....
|
Rotterdam...
Hamburg
Antwerp
....
300
•70
....
....
....
Konigsberg..
Dautzic
....
....
Cent. Amer..
S. A C. A
Cuba
....
164
....
Hayti
West Indies..
British Col....
Other count’s
Total week..
Prev’s week
.
2,438
850
879
350
7,244
9,054
lbs.
490
823
473
175
250
37
....
....
122
250
50
....
....
....
....
178
....
61
494
112
3,515
5,948
'
Bacon,
Cheese,
lbs.
113,695
....
tlvpvUJ
British ports.
Havre
Bremen
Lard,
bbls.
997,810
95,700
25,500
25,100
5,000
338,500
33,000
....
783,750
1,104,957
10,000
1,380,529
64,000
313,600
400,000
10,581
69,965
17,332
31,300
41,450
11,731
Tallow,
lbs.
717,906
lbs.
262,630
7,946,137 4,816,320
524,575
773,070
294,275
101,450
459,800
1,867,229
19,676
9,500
160,440
27,360
36,000
20,640
12,720
926,075
620,050
279,300
5,640
19,500
2,306.800
4,020
3,000
47,700
169*200
104,000
120,000
138,800
7,20*6
55,000
49,509
55,000
11,875
880
13,211
1,084
1,320
5,410
213,980
15,379
37,870
3,732
10,562
5,300
12,772
357
60,960
5,931,159 16,158*701 (
7,360.198 14,225.895
44,0i»O
278,000
t
337
30,172
Turpentine, crude
No.
1,058
bales.
bales
sides.
328
pigs.
93,728
2,494
bbas.
bbls.
2,205,073
104,321
98
......
427
390
Rosin
Tar
Pitch
Oil cake
bbls.
.
50
41,912
461
53,604
63,326
pkgs.
pkgs.
pkgs.
pkgs.
2,062
92,099
163,815
galls.
578
20,637
28,054
37,817
956,570
tcs. A bbls.
377,586
kegs.
3,159
93,834
bbls.
pkgs.
slabs.
pkgs.
Sugar
1,873
593
.
.
pkgs.
30,631
49,869
22,132
62,495
18,190
1,106
29,547
57,521
83,000
40,971
162,168
72,829
8,078
63,092
1,513
1,475
2,307
85,544
39,750
5.349
bales.
734,110
970,533
297,22"
477,262
91
.
50
boxes & cases.
hhds.
bbls.
Wool
.
22,915
989,564
40,674
37,896
29,236
11,739
83
bbls.
hhds.
Sugar
11,523
373,072
No.
Spelter
13,481
1,246
249,054
694,261
951,086
119,430
6,087
13,073
Stearlne
1,028
36,109
168,273
181
pkgs.
Hogs, dressed
75.397
bush.
9,944
bbls.
Lard
Lard
3,338
94,850
114,267
85.397
36,764
2,264,319
436,251
4,941
260
198
pkgs.
Peanuts
Provisions—
Pork
14,498
2,211
45,566
189,451
11,576
1,323
375,563
3,625
1,259
3,899
bbls
bbls
bbls
Oil, lard
Oil, whale
231,097
428,137
545
Turpentine, spirits... bbls
183,432
43,114
3,744
Exports ot Leading Articles of Domestic Produce.
The
following table, based upon Custom House returns, shows
exports from New York of all leading articles of domestic
produce for the week ending with Tuesday last; also the exports
from the 1st of January, 1880, to the same
day, and for the cor¬
responding period in 1879:
the
Week ending
Since Jan.
1880.
July 13.
Ashes, pots
Ashes, pearls
Beeswax
Breadstuff's—
Flour, wheat
Com meal
Wheat
Barley
Peas
Corn
54,878
28,238
2,013,194
2,314
90,838
29,777,985
943,655
285,999
262,636
205,078
23,519,403
33,310
26,670
1,584,763
3,799
89,664
bush.
Caudles
Coal
Cotton
Domestics
tons
bales.
Hay
Hops
bales.
bales.
pkgs.
pkgs.
Naval Stores—
Crude turpentine
Spirits turpentine
Rosin
Tar
Pitch
Oil cake
Oils—
Whale
1
Lard
Linseed
Petroleum
Provisions—
Pork
Beef
Beef
Cutmeats
Butter
Cheese....
Lard
Rice
Tallow
Tobacco, leaf
bales and
■
74,101
25
2,718
1,494,632
.
3,767
562
1,050,822
1,177
200
2,285,419
342,898
101,770
198,166
18,533,169
34,064
44,095
146,367
354,291
3
1,903
94
12,489
135,130
4,228
3,502
3,293,933
966,740
69,907
206,059
466,707
53,022
138,249
94,445
687,168
6,192
cwt.
589,909
56,493
71,318
33,221
14,473
66,234
100
153
128
51
26,356
1,589
3,473,985
997
3,134
110,474,239
131,524
28,722
31,950
340,914,385
17,261,559
316.101,545
13,619,033
53,711,755
62,982,040
143,884,649
9,275
39,029,320
157,822,774
619
10,833
46,596,839
87,991
4,286
134,706
1,244,472
Tobacco,manufactured, lbs.
106,580
34,448
35,351
1,291
10,549,935
606,712
7,693,619
4,584,733
1,341
5,674
120,760,873
-
4,286
675
lbs.
24,472,578
12,555
4,540
l,88l
oases.
Whalebone
85
.
3,546
bbls.
bbls.
tierces.
lbs.
lbs.
lbs.
lbs.
bbls.
lbs.
hhds.
1,041
131
bbls.
bbls.
bbls.
bbls.
.bbls.
gals.
gals.
gals.
gals.
gals
Sperm
last year.
lbs.
bush.
bush.
bush.
bush.
Oats..
Same time
627
bush
Rye
1,
bbls.
bbls.
bbls
bbls.
bbls.
Flour, rye
Tobacco
4,336,786
1.982,293
4,548
11,566
65,339
84,419
31,029
10,525
404,926
607,728
2,058,859
527,725
28,252,225
302,235
467,970
bbls.
310
1,315,787
2,390,078
3,957
66,644
994
bags.
bags.
Molasses
Molasses
Naval Stores—
Whiskey
1,025,257
7,102,820
928
394,844
39,172
23,973,812
156,372
917,901
424,225
200,259
1,400,910
2,669,568
90,931
22,159,124
1,212,467
21,158,532
5,240,454
bush.
bales.
Tallow
$
2,248,514
122,350
Tobacco
Tobacco
727,366
93,386
4,019
bush.
426,857
30,322
40,389
bush.
Rice
72 0,763
9,000,717
76,292
$
832,234
54,405
2L9,157
3511 Saltpetre...
267,079 Woods—
04,078 Cork
Fustic
308,044
61,046
42.935
55,009
94,696
25,744
Hides, undr. 14,578,411
2,547! Rice..
199,715
27,326 Spices, Ac.—
879 Cassia
135,607
65,538
ff Ginger....
1,3S9,| Pepper....
390,518
1,883
.
Lemons
Oranges
114,655j
726
2,038
5,008
39,477
1,251
5,748
1,059,336
2,357
Barley and malt
Leather
Lead
Same time
last year.
27,815
1,976,026
Peas
Cotton
Cotton seed oil
Flax seed
Grass seed
Hides
Hides
1,
84
Corn
Oats
Rye
Since Jan.
1880.
425
bbls.
bbls.
bush.
bush.
bush.
Eggs
77,931
119,429
84,096
575,708
4,612;: bruits, &o.—
Hides, Ao.—
Bristles
....
34,526 <
1,712 I1 Fish
1,816
8,486
142,889
Breadstuff’s—
Flour, wheat
Champ’gne
baskets..
Wines
1,622 Wool, bales.
939
52,822
3,906
Gunny cloth
3,325
3,5i0
bbls.
bbls.
Cutnieate
Butter
Cheese
1879.
Metals, Ac6,634 Lead, pigs.
39,457
20,352 Spelter, lbs 4.273,758
127,045 Steel
331,958
18,461 Tin, boxes.
885,881
2,766 Tmslbs.,lbs 18,465,614
5,181 Paper Stock.
198,677
23,369 Sugar, hhds,
17,615 tcs., & bbls.
412,019
1,197.710 Sugar, boxes
8,768 andbags... 1,932,275
Tea
440,044
23,018 Tobacco....
44,400
10,688 Waste
791
2,107 Wines, Ac.—
29,677
1,205
7,952
Flax
1880.
30,872
Ashes
Beans
Beef
(The quantity is given in packages when not otherwise specified. |
1880.
July 13.
Hops
7,836
296,121
3,086 1,071,921
The
following table, compiled
shows the foreign imports of
Week ending
Corn meal.
Wheat
-
Wool
79
*
34,330
22,6-7
3,506,468
52,855
26,863
j
!
1
14,415
3,768.748
31,916
No. 45 Wall Street,
Transact a general banking and brokerage busi¬
in Railway Shares and Bonds and Government
fEstablished 1854.]
\ ,
Companies’ Stocks,
Telegraph Stocks,
Telephone Stocks,
Railroad Stocks and Bonds.
Trust
securities.
Interest allowed on
deposits.
Investments carefully attended to.
Kimball, Howell& Co.,
NEW ST.,
Buy, Sell and Carry on Margins
All Securities dealt In at tlie Exchange
JAS. L. A nth ox Y. Member N. Y. Stock Exchange.
Henry WtPoor.
Jas. H. Oliphaxt, Member N. Y. Mining Exch’ge
ANTHONY, POOR & OLIPHANT,
all Securities
Stock Exchange.
Make Advances
Buy and Sell on Commission
Current at the New York
Allow Interest on Deposits.
.
C. I. HUDSON,
T. II.
Stock Excli.
Member N. Y.
First-Class Railroad. State,
Government
Bonds
BANKER
(Drexel
Bonds.
Bonds.
New Securities
Toledo Logansport & Burlington
Union & Logansport Bonds.
Rome Watertown & Ogdensburg
Ind. Bloomingt’n & West. Old and
New Jersey Midland Bonds.
Dealer
Orders
Greenwood Lake Bonds.
STOCKS and BONDS
At Auction.
AXJ)
STOCKS
No. 7
of
in every event the full value of liis Reserve.
NO SURRENDER of the Policy is
the policy-holder, on blanks
a notice from
nished by the Company.
required; only
AFTER THREE
BONOS
FRAUD.
The Company
NEW YORK,
Exchanges.
Gas
No.
Jr.,
NEW
1
NEW
Nos. 57
STREET,
MARINE, FIRE AND
ASSETS
Written at Reasonable
Rates.
COMES, President.
WAIN WRIGHT IIARD1E, Vice-Pres’t
HENRY D. KING, Treasurer
HOME
Insurance
GOLD
MEDAL, PARIS, 1878.
Prentiss,
i
OFFICE,
styles may be had of all dealers
throughout the world.
and his other
J Joseph Gillott & Sons,
New York.
AND
Fifty-Tlilrd
Company
YORK,
NEW
OF
Hie Celebrated yumbers,
303-404-170-351-332,
STREET, NEW YORK.
119
BROADWAY.
Semi-annual Statement,
SHOWING the
CONDITION OF THE
DAY OF
CASH
COMPANY ON THE FIRST
JANUARY, 18SG.
CAPITAL
for Re-insurance.
Reserve
Reserve
Insurance.
Net
SECURITIES,
AND
$810,804 75
1880
Jan. 1,
W. IRVING
buy or sell are
Municipal and
and sold at best
RAILROAD STOCKS AND
INLAND NAVIGATION
YORK.
GAS STOCKS
STREET
Street.
INSURES AGAINST
All Risks
c
GAS
and 59 William
RISKS.
SPECIALTY.
BROAD
INSURANCE.
Mutual Insurance Co.,
AND BROKER,
No. 52 EXCHANGE PLACE, NEW YORK.
RAILROAD SECURITIES
An intimate knowledge of all for the past 10 Years.
19
;
send Circu¬
Building
Sup’t.
COMMERCIAL
BANKER
Geo. H.
will, upon application,
MARINE AND FIRE
Fred. H. Smith,
A
RESTRICTIONS
lars giving full particulars.
Office of Middle Department, Boreel
No. 117 Broadway, N. Y., Henry VV. Baldwin,
Stocks, Ac.,
NEW YORK.
Investors or Dealers wishing to
invited to communicate.
State,
Railway Bonds and Coupons bought
Market Rates.
YEARS, ALL
fur¬
CONDITIONS in regard to travel, residence,
occupation and cause Qf death are removed, thus
making the Policies, after three years, INCONTESTIBLE
FOR ANY CAUSE, EXCEPTING
SECURITIES, CITY BONDS,
BROOKLYN
SATURDAYS.
PINE ST PIET,
,
N. T. Beers,
MULLER A SON,
ADRIAN II.
premium
the end
Investment Securities.
iu
ON
WEDNESDAYS AND
the full
endowment
term, the excess shall be used as a single
to purchase a pure- endowment, payable at
of the term, thus guaranteeing to the policy-holder
Building)
executedatthe Stock and Mining
REGULAR AUCTION
SALES of all classes
during
provided for
of the Policy will be paid—n</
The new form of Endowment. Policy provides
That if the ENTIRE RESERVE is a greater sum
than the single premium required to carry
amount of insurance to the end of the
Special attention given to Defaulted Railroad and
Municipal Securities of Illinois, Kansas, Missouri,
Iowa and Nebraska.
Correspondence solicited and full information
ven on all classes of bonds and stccks.
SA LE :
Undersigned bold
BROKER,
AND
ST
BROAD
5
Tlio
F. w. Perry.
John F. Zebley, Jr.,
and
AVAN TED s
New York &
the insured take place
of insurance as
and
Generally.
FOR
STREET.
J. H. Latham.
STREET,
Investment Securities
St.
Securities.
WILLIAM
52
Should the d ath of
default.
EXCHANGE.
FOREIGN
hav
from
FULL
RESERVE
After the premiums for three or more years
been paid, upon receiving the required notice
the assured the Company will continue the Policy
in force without further payments, for its
FACE, for such a period as the ENTIRE
will carry it.
being made for foreborne or unpaid
premiums, excepting in the event of the deatl
occurring within three years afher the origina
SECURITIES,
City, Chicago, Cincinnati,
Louis, District of Columbia, ami
York
CURTIS.
form of Policy issued by
Insurance Company before
Examine the new
United States Life
suring elsewhere.
deduction
INVESTMENT
New
IN
IMPORTANT CONCESSIONS
INSURANCE CONTRACTS.
the continued term
above, the full face
J. H. Latham & Co.,
BASEMENT,
Deals in
Investment Bonds always on
choice line of
Correspondence solicited.
Hachfield,
NASSAU
17
LIFE
hand.
0
Albert E.
Stock Exchange.)
for cash, or on approved margin,
Securities dealt in at the Stock Exchange.
A
Piesident.
JAMES BUELT
LIBERAL AND
Buys and sells
EXCHANGE COUflT,
Stock Exchange.
R. R. LEAR.
Surplus,
and City Loans.
all
$4.983.226 81
872,484 06
-
Assets,
YORK.
(Member of N. Y.
Negotiates
The United States
Life Insurance Comp’y,
261—264 Broadway, N. Y.
STREET,
PINE
27
NEW
Hudson & Co.,
NEW YORK,
Buy and sell on commission, for investment or on
margin, all securities dealt in at the New York
3
A. Moran,
Daniel
,
BROKERS,
No. 19 Broad Street, New York,
And 83 Devonshire Street, Boston.
Exchange.
York Stock
BANKERS AND
C. I.
Securities; or
seller’s option.
ALSO,
BROADWAY AND 17
Collateral.
Cash paid at once for the above
they will be sold on commission, at
Investment and Miscellaneous
Securities not actively dealt in at the New
J. P. Howell, N. P. Henderson,
Members N. Y. Stock Exchange,
Approved
SPECIALTY.
A
of
classes
All
II. Kimball,
,
Stocks
Insurance
Gaslight Stocks,
ness
„
Dealing
SELLS
AND
BUYS
PINE STREET.
7
STREET,
NASSAU
21
Bailey,
S.
E.
NOYES,
WM. C.
Gwynne & Day,
on
Insurance.
Financial,
Financial.
68
[VOL. XXXI
CHRONICLE
THE
80
for Unpaid Losses
Surplus
"Cash Assets
00
00
81
30
11
ASSETS
available for the PAY¬
for the protec¬
SUMMARY OF
BONDS
$3,000,000
1,841,438
248,704
1,320,785
$0,410,988
Held in the United States,
MENT of LOSSES by FIRE and
tion of Policy-Holders of FIRE
Cash in Banks
Bonds and mortgages, being first
real estate (.worth $4,171,400)
United States stocks (market
ALL KINDS OF
INSURANCE:
$233,299 29
lien on
BROOKLYN SECURITIES,
■
1.806,653 00
value)—
00
3,184,125
DEALT IN.
Bank stocks (market value)
200,702 50
State and municipal b’ds (market value)
237,859 50
OF NEW YORK,
SEE GAS QUOTATIONS IN THIS PAPER.
Loans on stocks, payable on demand
(market value of securities $543,592).
418,670 00
F.S. WINSTON, PRESIDENT
due on 1st Jauuary, I8fc0
54,870 66
SSUES EVERY APPROVED DESCR1PTIONO Interest
Balance in bands of agents
1&L114 87
Real estate
54,125 91
.1FE AND ENDOWMENT
Premiums due and uncollected on poli¬
cies issued at this office
6,507 3S
AS FAVORABLE AS THOSE 01
STOCK AND BOND BROKERS, )NTERMSANY
OTHER COMPANY.
J. D. Probst & Co.,
No. 52
EXCHANGE PLACE, NEW YORK.
P0L1C1E;
•
STOCKS, RAILTtOAD BONDS, GOVERNMENTS, AND
AUSfELLANEOUS SECURITIES, BOUGHT AND SOLD
ORGANIZED APRIL 12™
1842.
MAKER 0VERJ80,000,00
$6,410,988 11
Total...
CHAS. J.
J, H.
MARTIN, President.
WASHBURN, Secretary.
@FedFRASER