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finanfial;
ronirlf
AND
MERCHANTS’
HUNT’S
MAGAZINE,
& WjejeHIu § nr 0 p a p e r,
TIIE INDUSTRIAL AND COMMERCIAL INTERESTS OF THE UNITED STATES.
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THE CHRONICLE.
The Banks and the Checks to
their Expansion
Free Trade in Money
i...
Security
of
69
70
Railroad
Bonds.
71
Excessive Cotton Planting
The Illinois Railroad Law
Changes In Ihe Redeeming
Agents of National Banks....
Latest Monetary and Commercial
English News
Commercial and Miscellaneous
74
74
76
News
.72
73'
THE BANKERS’ GAZETTE.
Money Market, U. 8. Securities,
Railway Stocks, Gold Market,
Quotations of Stocks and Bonds
New York Local Securities
Foreign Exchange, New York
City Banks, Boston Banks,
Philadelphia Banks, National
Investments and State,
83
86 j Groceries......
87 I Dry Goods....
89 I Prices Current.
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by the publishers.
Drafts
THE BANKS AND TO CHECKS TO
THEIR EXPANSION.
tendency
wholesome
change from last week. It shows itself rather in discounts
than in call loans, and it is interpreted to indicate that the
banks are less disposed to take 60 and 90 days’ paper because
the maturity will coincide in point of time with the period
The monetary movements show" a little less
towards expansion. Thi3 may be regarded as a
which is looked forward to as critical
and
starting place of a stringent spasm at
autumnal activity in business.
This is but
one
of the
reasons
as
the probable
the opening of the
assigned for the monetary
Another is the shipment of gold which is not
explicable by the ordinary exigencies of trade, and therefore
coerces some
persons into being more watchful and less
expansive in their operations.
These gold exports aie on many accounts of great im¬
portance, Whether they will continue or not is anxiously
discussedi
It is true that for the reasons we gave last week
change.
small
lions of
Financial Chronicle is issued on Satur¬
day morning, with the latest news up to midnight of Friday.
THEE
ship considerable amounts of gold during the next six
months; but if not then our coin exports will probably be
as
new
usual.
common
called bonds
through the Syndicate.
intimates that
one
on
and
a
half millions
The London Times
sterling
or
&ix mil¬
paid a fortnight ago to our govern¬
account of the Geneva award.
These statements
lions of dollars
ment
In this connection it is interesting to
report declares that about twenty mil¬
gold have been paid into the Treasury on account
bonds, and have passed out again in redemption of
know that
&t)e tffyronuU.
quarters has been proposed. Whether
uncertain. If it should, we may expect
to
as
The Commercial and
ml
some
this will be done is
City and
Corporation Finances
THE COMMERCIAL TIMES.
Commercial Epitome
which in
reserve
Banks, etc
•
likely to take less gold
coinage operations. Indeed our London corres¬
pondent states that the gold export to Germany has already
received a check.
If this arrest should continue, almost all
the bullion which reaches London will go into the bank,
and that institution can, if it pleases, accumulate the heavy
Government will be
the German
C ON T c M T 8.
Ample
NO. 421.
SATURDAY, JULY 19, 1873.
VOL. 17.
were
help to throw some light on the irregular move¬
ments of foreign exchange of late if there were more pubg
licity in the Treasury, and if we had any opportunity
of learning the precise
state of the account now
running between the Syndicate and the Government.
would
But at
present, till the books are written up and the wh«le
are closed, no notice appears to be taken in
of the accounts
monthly debt statement, either of the new five per cents,
are being issued to the Syndicate, or of the old fivetwenties which they are paying into the Treasury in
exchange, or of any operation arising out of the negotiation.
Considerable dissatisfaction prevails at the lack of informa¬
tion, and it is hoped that as soon as he can Mr. Richardson
will give the needful information to the public, and put an
end to the sensation-rumors which are started into circula¬
tion to the derangement of business and the disturbance of
the money market.
Not to mention the other obvious causes of the more
conservative movements of the money market there is the
public anxiety which has been elicited by the fact that
several of our banks lend on gold, and then count this same
gold-collateral in their reserves just as if it belonged to the
bank, and was its own property. Several millions of gold
are said to be carried in
this way, and the public attention
which has been so conspicuously directed to the practice
may make some of the banks less disposed to enlarge their
the
which
.
lines of discount.
of business, and the presence of a good
remunerative Fall trade are, however, not at all impaired.
The activity
They are rather improving. And the conviction is grow¬
ing, that we shall have money easy during the Fall. This
anticipation is giving an active impulse to various new
enterprises* especially those of certain railroads, which are
m
ft j|
[July 19, 1873,
THE CHRONICLE
?0
reviving after their long depression. Most of
the new road?, however, we are bound to say, are not lookec
at just now with so much favor abroad, and in view of recent
disappointments there is not much room for surprise that
foreigners prefer old bonds, and do not take eagerly to bonds
of railroads having no established basis of credit.
We offer this remark not by way of discouragement,
said to be
but
simply to bring into distinct view a fact of which
importance is becoming more and more patent. The
question of railroad building, like other enterprises, resolves
itself into a question of easy money. If the loan-market
is as stringent this Fall as during the closing months of
last year, then railroad schemes will receive a more severe
in this State, or by individuals, in which the rate of interest
has been, or shall he calculated according to the standard laid
down in Rowlet’s tables shall be valid, provided that the laws of
the State shall haveJJJbeen complied with in all other respects,
and no plea of usury shall bar any claim founded on any such
contract.
Sec. 6. No contract shall be deemed usurious by reason of the
borrowers paying, or agreeing to pay, the taxes assessed and paid
upon the sum loaned, or the insurance upon the estate mortgaged
to secure the same.—General Statutes of the State of Connecticut,
Last Revision, Title 66/
It is
the
generally believed that there is something in the
public opinion in Connecticut which is likely to
the agitation for a reform of the usury laws here and
reaction of
check
in other States.
We cannot agree
with this opinion. ’The
facts properly understood do not sustain it.
We think
check than occurred then; but if the loan market shall they should encourage rather than repress our efforts
for usury reform.
Till 1872 Connecticut had kept
keep up its ease from now till New Year’s exempt from
spasmodic troubles, then it may be predicted that the up its old statutes against usury. The penalty was
not so severe as in this State, where it is a fine of $1,000
good lines of road, having a solid basis of
share-capital subscribed in addition to their bonds, may imprisonment for six months, forfeiture of the whole sum
probably be marketed. It is not our province, however, lent, and a cancelling of the usurious contract so as to make
it void. ‘This is the New York penalty against usury as
to discuss railroad finance in this place.
For our present
may be seen by referring to the New York Revised Stat¬
purpose it is enough to observe that the general feeling in
well-informed circles is more favorable to a continuance of utes, Part II., ch. IV., title iii., § 19. The Connecticut old
monetary?ease, and that many of our best observers who usury law did not go so far as this; but it wen* quite far
have heretofore been doubtful on this subject, are imbib¬ enough to invalidate mortgages for usury and it provoked
in
other ways that intelligent hostility with which
ing the opinion that the loan market, during the autumn
the New England States have generally assailed their
months,will be tranquil; and will be emancipated,especially
in New York, from the chief evils which have caused strin¬ old usury laws of late years. The only trouble was that the
Connecticut Legislature went too fast for the people. They
gency to grow more and more severe for several years
past, both at this centre and therefore throughout the outstripped public opinion. In their ambition to do
country. The indisposition of the banks to expand during away with the abuses of the usury law altogether, and to
this dull season must, in fact, be reckoned as one of the annihilate them at one blow, they passed the law of 1872
which left not a vestige of the old restrictions on the interest
healthy prognostics for the future.
of money except that the rate was fixed at 6 per cent in the
absence of any contract, but citizens were allowed to agree
FREE TRADE IN MONEY.
either by word or writing to pay any rate whatever.
The advocates of free trade in money in this State should
The law, as altered, was not popular with a large number
not relax their efforts because of the late reverse in Connec¬
of intelligent people, who believed that such changes
ticut. That State, as is well known, repealed its old usury
should not be made in monetary legislation except under
penalties in 1872; but this year there was a general demand the approval
of public opinion. These moderate men have
by almost all classes of people throughout the State for a re-enacted what is called a
usury law, but the most cursory
new usury law, and the legislature
passed the following inspection will show that it is much more mild and whole¬
statute:
some than has been supposed.
fNEW USURY" LAW OP CONNECTICUT, 1ST JULY, 1873.
Section 1. No person, savings bank, banking association, or
The new law, as given above, does not, like our New
incorporated institution in this State, upon any contract for the York law, denounce
against usury the penalty of imprison loan of money, or goods, wares, merchandise, or any property
bonds of
whatever, shall take, directly
of
seven
one
or
year,
or
indirectly,
dollars for the forbearance of
and at that rate for
a
shorter time.
Sec. 2. Every person, or
more
than the value
hundred dollars for
one
greater or less sum, or for a longer
incorporated institution, which shall
take, accept, or receive, by means of any bargain, loan, exchange,
conveyance, or otherwise, more than the sum of seven dollars for
the forbearance of one hundred dollars in money, or other prop¬
erty of that value, for one year, and at that rate for a greater or
les3 sum, or for a longer or shorter time, shall forfeit the value of
the money, qr other property so taken, accepted, or received, for
forbearance, to any person who shall, within one year thereafter,
sue therefor, and
prosecute his suit to effect.
Sec. 3. Section 6 of “ An act entitled
an
Act to restrain the
taking of Usury,” shall remain in force, except so far as the
relates to savings banks, savings institutions, and building
same
asso¬
ciations.
Sec. 4. All acts and parts of acts
hereby repealed.
inconsistent herewith
Sec. 5. This act shall not affect any contract or
ing ; and shall take effect from its passage.
In the third section the old law
suit
now
are
pend¬
passed, “ to restrain the tak¬
ing of usury,” is referred to.
ment, fine, forfeiture of the contract, or
loaned. All the penalty it threatens is
loss of the money
the loss of interest
which may be sued for by any person, within a year from
the date of the ^usurious transaction.
In fact, the present
:
law is almost the same as that which a large part
of the'anti-usury men of Connecticut wished to enact in 1872.
It is almost identical with the law which, but for the oppoof the Speaker, Mr. A. A. Cornell, would have been
ihe law of this State. This measure passed the legislature
last session, at Albany.
It, had the approval of the
Governor, and it was lost by a quibble. This law repealed
the criminal part of the penalties against'usury.
It pro¬
tected the contract and provided that the principal should in
no case be forfeited for usury, and it declared that the inter¬
est only should be forfeited.
Such are the main provisions of the New York repeal bill,
which were proposed and carried through both Houses,
with the general approval of the people last year.
A -bill
embody ing'the same provisions will, we hope, be presented at
Albany in the coming session. And as it is almost identical
with the new law just passed in Connecticut, we repeat that
usury
That statute had six sections,
repealed by the act of 1872
The last two were still left in force, and are so now,
except
that the sixth no longer applies to
savings banks, savings
institutions and building associations. Subjoined are the
unrepealed sections of the old law. They remain in full
we
do not
fore*,
an
argument against it.
the first four of which
were
save as limited above:
€Sec. 5. All contracts for the loan of
money
made or shall be made in this
State, either
or
banking institutions,
or
which have been
Of
by incopor&ted banks
by any incorporated institution such
see
how the action of that State
it is to be
can
be cited
as
regretted that Connecticut acted in
unbecoming haste in the repeal of 1872. In financourse
71
THE CHRONICLE.
July 19,1873 j
think of placing their own money, or advising their clients’
affairs no legislation should be allowed, but such
investment in American railroad bonds than our Trust Com¬
as can be kept up, stability being the first requisite of m ney
tary reforms. The excuse offered is that the savings banks panies would think of buying Erie shares for investment
or Ending at par on Atlantic
and Great Western. These
were so hungry for high rates, so oppressive in their demands^
so exacting in
their terms for mortgages, and that many English capitalists will buy every day at par debentures of
other lenders took so much advantage of the recent pres¬ English railroads paying barely 4 per cent on the money
stringency which was as severe in invested. But they have yet to learn that we can give
sure of monetary
Connecticut as in other States, that the people determined them railroad bonds quite as safe and quite as good which
to placec it out of the power of all lenders
and lend¬ will pay 7 per cent. For these sound investments, how¬
ing institutions to take advantage cf temporary spasms, or ever, we must turn away from Erie, Atlantic and Great
of monetary disorder hereafter.
Hence the penalty of Western, and all the other speculative securities, and look
cial
usury was made to involve
interest was raised to 7 per
in another direction
and the
Railroad shares must be
whole attention to good rail¬
road bonds.
the loss of interest, the rate of
cent instead of 6 as formerly,
savings banks were put under a special usury re¬
striction of their
It
was
own.
the eagerness
to
our
must give our
Railway Monitor for July a table which
of the savings banks to charge exactly illustrates the point we have in view. It com¬
It is entitled “An Act in addition
and in alteration of the Act concerning communities and
of
we
We find in the
high rates for money that brought these institutions this
rebuke. For the first time in the history of Connecticut
legislation a discriminating law has been enacted against
savings banks. The following is the statute which was
signed by the Governor on July 1, and as a unique morsel
of punitive legislation it will be equally novel and surprising
to most
avoided, and
altogether.
readers.
corporations,” and enacts as follows:
pares the railroad network of the United States
The figures are as follows:
of Great Britain.
COMPARATIVE VIEW OF TIIE
ENGLISH AND AMERICAN
with that
RAILROAD SYSTEMS.
United States.
Cost of road
Cost per
Gross
“
United Kingdom.
57,323
$3,159,423,057
Miles of road..
$3,765,000,000
55,116
mile
473,241,055
132,309,270
*340,931,785
earnings
passengers
“
freight
“
other
Gross
8,256
+125
307,486,682
165,754,373
15 00
earnings per mile
“
*
“
15,376
178,720
244,465,000
103,115,000
132,425.000
8,925,000
15,900
128
per train mile
savings bank or savings society in this State
115,765,000
shall demand or receive, on any loan now or hereafter made by Operating expenses
128,700,000
Net earnings
said savings bank or society, either as bonus, or commission, or
849
tax, or in any other way, directly or indirectly, more than the Earned gross on cost of road
465
5’20
value of seven dollars for the forbearance of one hundred dollars Earned net on cost of road
for a year, and after that rate for a greater or less sum, or for a
*
+ Estimated.
Freight and other somces combined.
longer or shorter time ; but the taking of interest in advance for
a period not to exceed six months, shall not be deemed a violation
Among the numerous points of importance in this
of this act.
there are for our purpose two of special interest. First we see
Sec. 2. No savings bank or savings society shall invest in the
that the railroad system of the United States earns 520 per
stocks or bonds of any railroad company.
Section 1. No
...
-
table
Any officer, director, or trustee of any savings bank or cent net on its cost, and secondly we are told that the whole
savings society wlio shall intentionally violate any of the pro¬
visions of this act, shall be punished by a fine of not less than sum of these yearly earnings is $165,754,373; and is pledged
one thousand, nor more than five thousand dollars, at the discre¬
tor the payment of the interest on the bonds ; for these
tion of the court before whom the offense shall be tried ; and it
shall be the duty of the State’s Attorney for the county where have a prior claim on the earnings, and have to be satisfied in
such bank or society is located, to prosecute such violation on full before a
single dollar can be had as dividends on stock.
complaint thereof by the Bank Commissioner.
Sec. 4. All acts and parts of acts inconsistent with the 'provis¬ It has been sometimes said that the bondholders of our rail¬
ions of this act are hereby repealed.
roads, to complete their security,*have an indefeasible claim
Approved July 1,1873.
on the whole aggregate of the net earnings of the railroads.
Sec. 3.
bonds
What is meant is that
AMPLE SECURITY OF RAILROAD BONDS,
first claim on such part
their interest; and, secondly, the
they have
a
demand for our of these earnings as will pay
bonds abroad we promised last week to offer a few surplus of net earnings over and above the interest is a
suggestions as to the descriptions of railroad securities guarantee-fund to the bondholder against any falling off that
which might reasonably claim to be most favorably received there might be in the net earnings during bad seasons of
in foreign markets, and especially in England.
There are business. Hence it is that the bondholder is secure in any
In view of the
present and prospective
the
might look to the class of railroad securities which have interest, the bondholder has a right to it; and if the road
for
long time been familiarly dealt in at the London does not earn enough to pay its interest then the bond
Stock Exchange.
But these are few. The best known, or holders can foreclose and get possession of the property with
two directions
in which to look for such securities.
First
event.
For if the road earns money
enough to pay
we
a
rather the most notorious are the
add to the list the name of the
Central, but that stock has become one of the moat
Great Western.
Illinois
E'ie and the Atlantic aDd
We might
substantiaTsecurities since Mr. Cobden wrecked his fortunes
English law notori¬
ously raises up to prevent foreclosure in such cases.
This view is confirmed by the fact that during all the
scandalous mismanagement in Erie no doubt ever arose
about the payment of the interest on the bonds, which was
fewer obstacles
than those which the
by selling out when he might have held on, and might thus
have doubled his capital in a short time.
For obvious paid as promptly as that of the best English roads. If
foreign investors, then, had bought good lailroad bonds, and
reasons there are in the London Slock Exchange a multitude
had let railroad shares alone, they never need to have lost
of persons interested in, exaggerating Mr. Cobden’s ill
much by American railroads.
But the question now arises
success in his speculations in Illinois Central, and their
as to the quantity of bonds, such as we have described to be
efforts have had much to do with keeping up the memory
of those old half-forgotten jokes of Sydney Smith’s about safe and trustworthy, which can be offered to foreign
of England capitalists, conceding that their attention were awakened to
to invest in our railroad securities during the past ten years. the value of this description of property, and if they were
The consequence has been that it is only the most specu¬ convinced, which is far from being the case at present, of
lative people, and such as relish excessive risks who have the superior merits of American bonds as compared with
gained prominence as dealers in the English market, and the English railway debentures and debenture stock. In answer
old-school capitalists who control heavy investments have to this question we must again refer to the Mo7iitori from
been under the strongest prejudices, and would no more whose columns >ye borrow another statistical table, showing
repudiation, and with fostering the reluctance
[July 19,1873.
THE CHRONICLE
72
compendious form a large mass ot facts about our rail¬ dry season, when weather favors an early stand and clean
road 8ystem, which a*ill be Qf considerable value to investors fields, it is hurtful indeed when a wet June makes it impos¬
both here and abroad. To save space we omit the three sible to keep down the weeds, the corn fields quite neglected*
last figures throughout the aggregates, except in those of and either a portion of the cotton abandoned, or the whole
imperfectly worked, making the crop uneven, late, and
the first three lines.
exposed to the season’s later perils.
FINANCIAL ANALYSIS OP UNITED STATES RAILROADS.
1872.
Pacific Total in
WesVn South'n
It is desired to impress upon the planting mind the great
N. East'n Middle
U. S.
States.
States.
States.
States.
States.
57,323 truth that for equal quantities a product of 400 pounds lint
1,368
28,778
10,986
11,617
Miles of railroad
4,574
$55,116
$50,550 $36,575 $98,300
Cost per mile
$79,427
$50,416
to tin acre will cost leSvS, is worth a better price, and can be
8,256
10,161
6,735
4,350
14,565
10,636
Earnings per mile
63.624 1,647,844 made with less work than a product of 200 pounds; and
724,686 171,683
129,013 558,838
Stocks*.
67,950 1,511,579
747,939 230.230
Bonds and debt*
101,697 363,663
then, the smaller area, heavily cropped, is almost sure to
Total cost of roads*.... 230,810 922,701 1,472,625 401,913 131,574 3,159,423
4,065
132,309 escape the dangers to which the larger area is exposed—late¬
41,169
15,735
50,976
Earn’gs from pass’gers*. 20,365
28 0
29 0
32 9
24 3
263
41*9
ness of
percent
planting, and tardy maturity, summer worms and
340,932
9,835
in
a
V
-
“
128,037
142,851
cent,
Total earninge*
|Do. per cent on cost..
58*1
75-7
737
48,520
169,206
211
18’3
Net
14,436
626
Earnings from freight*.
“
28,155
eargings*
710
720
193,826
47,788
13,901
11-8
105
150
59,527
67,317
16,455
8.018
165,754
640
457
4‘10
600
8,570
82,345
20,496
3,007
6 65
579
2 83
175
*
The three final
From these
....
520
....
figures being omitted, 129,013 must be read 129,013,000,
figures
391
&c.
we see
relative attractions for investors whether in this country or
abroad.
EXCESSIVE
COTTON PLANTING.
Eli <
propensity to give more
justified by their labor
force, and this propensity was peculiarly strong when
cotton bore a good price at planting times.
In the decade
1850 to 1860, this tendency prevailed in a less degree
while great improvement was made in processes of culture.
The plow and mule, substituted when practicable for the
hoe, put the cheaper and far more effective brute labor in
place of the more costly and slower manual labor in making
clean culture, and that frequent working of the soil which
best promotes healthy growth.
Guano and other commer¬
acres
>’***■
planters always had
cial
of land to cotton than
manures
had
come
a
was
into extensive
use on
the old fields
of
.nr
Georgia and the Carolinas, promoting early and rapid
growth, increasing the yield 50 to 75 per cent, and improv¬
ing the staple. Better implements, and better direction of
labor,^gave larger results with less severity upon labor.
It was found that fewer acres, well handled and fertilized,
gave more return than more acres, more or less neglected.
Therefore it was that the increase in the area planted, from
year to year, was not in proportion to the large and rapid
increase in the aggregate production of cotton.
Under the
free labor system since 1865, much of the
advantage which
rested with the intelligence and authority
directing the
greater part of the cotton culture prior to 1861 has been
lost. It was impossible that the new system could
quickly
attain to any methods or
processes equal in results to the
old.
As free labor is better than slave
labor,
its results
larger and, even at equal prices for
otton, more profitable. In the meantime, while much of
tie efficiency of the old
system has been lost, its prominent
mistake of attempting to work
too much land is continued
and aggravated.
Slovenly culture and poor crops of cotton,
to say nothing of the
neglect to make proper corn and
so
will in due time be
14
etke^f°<^ crops, are the
consequence.
frost.
The
is
following comparative table, believed to be correct^
instructive, showing what has has been and what may be:
COMPARATIVE ACREAGE AND PRODUCT IN THE TWO
64,418
that the bonds and other debt
of our railroads amount to $1,500 millions, on which 7
per cent average interest would require about 105 millions
a year.
To pay this sum the net earnings of the roads are
165 millions, -leaving a surplus ot 60 millions, so that
the earnings of the railroad network here tabulated must
(all off 60 millions, or on the average 58 per cent, before the
bondholder would fail to get his money, or be driven to
foreclosure. In a future’article we shall endeavor to apply
the principles we have laid down so as to show the
ample &curity which sound railroad bonds offer, and their
Cotton
autumn
473,241
13*1
Do. per cent on
cost...
Ajnount of dividends*..
Do. per cent on stock..
32,054
67-1
per
Bad enough in
PERIODS,
1857-61, AND 1869-73.
Acres
1857-58
..
1858-59
...
1859-60
...
1860-61
...
Average
...
Pounds
Balesin
Planted.
Season.
Crop.
Pounds net.
per a< re.
the crop.
6,000,000
6,550.000
7,100,000
7,000,000
1,439 000.000
1,796,000,000
2,310,000,000
1.836,000,000
240
3,257,339
4,018,914
5,Oil,COO
3,849,469
6,662,500
Average
277
8,885,000
7,745,000
8,694,000'
8,314,250
1,575,000,000
...
216
169
196
190
bale.
442
417
46 L
477
457
3,122,561
4.352,317
2,974,351
3,900,000
...
....
per
4,034,180
173
...
1872-73
262
1,845,250,000
...
1871-72
325
1,368,000,000
1,915,000.000
1,301,000,000
1,703,000,000
1869-70
1870-71
274
Netwght.
*
433
44 0
-418
430
•[3,587,307
-439
The above acreage for the last four years
United States Agricultural Bureau; that for
is that of the
the first period
was
compiled some years ago from the best authorities in
the South.
Either may be a little erroneous, yet both seem
confirmed
closely by the contrasting results, which
are such as might have been expected
under so great a
change. That the differences are not wider is matter for
congratulation. The most conspicuous are the increased
acreage with
diminished production, and the reduced
average weight of bales.
Net weights, that is, without *
bands and bagging, are necessarily used in the comparison.
An addition of 21 pounds per bale for the first period, and
24 pounds per bale for the last period will give the gross
average weights.
The “ crops” stated conform to those of the^annual state¬
ments except for the remarkable year 1859-60, when it was
conceded that 150,000 bales of that yeai’s production was
kept back. The 150,000 bales are added to the stated crop
for the purpose of showing the largest production per acre
ever made—325 pounds.
The crop of 1872-73 is not yet
all in; to complete the table it is taken at the now prevail-,
ing estimate, 3,900,000 bales. The acreage for 1873-74 is
stated by the Bureau to be 9,843,723.
That area, at the
average per acre of the last tour years (including the worst
failure of a CDtton crop ever known), 190 pounds would
produce 4,260,000 bales of the customary average weights;
and at the rate of 1870-71, 216 pounds, 4,843,000 bales.
If it be assumed that 10 per cent of the whole planting bi
abandoned because of the wet weather, and the remainder
successful, the result would be 4,360,000 bales, at the rate
per acre of 1870.
At the rate of 1859, if that were pos
sible, it would reach the enormous quantity of 7,287,000
bales ! To that rate we must come eventually if improve¬
ment in the culture shall be pursued, but let it be ou only
so many acres as can be thoroughly and therefore
profitably
to be
worked.
Such results
-
reach from
comparison of acreage
planted. While not wishing to indicate an opinion of what
js really to be the outturn of this crop, for that would be
folly, the possibilities of the year and the average ot past
years should be studied by every one who is interested in
a cotton. So long as the production in the'world barely kept
we
a
THE
July 19, 1373 ]
73
(tTTROlNlCLE.
of almost
daily rains through the greater part of the cotton
with consumption, the surplus of one year only making
good the deficiency of the next year, prices in their average region during the first 18 to 20 days of June, materially
dimmed the brightness of the May prospect, and compelled
highly remunerative to the producer were sure to be sus¬
tained. Speculation finds in cotton, of all merchandise, its the severest labor to get the fields clear of grass when dry
favorite object and its operations, though unstable and often weather again permitted effective work. A more cheerful
capricious and defiant of the current relation of supply and feeling now finds expression in the old saying JvJuly makes,
demand, yet year by year render efficient aid in supporting the cvop.” Complaints have nearly or quite ceased ; and
prices. - Neither the occasional disastrous results of a gen¬ agiin there is a disposition to make large estimates of the
eral mistake of facts, or of some unexpected event, nor the outturn. Shunning, however, all crop estimates, let us only
basis of calculation suppose that the yield will be 4,000,discouraging losses of a season wholly disappointing, pre¬
vent an early renewal of operations similar in kind and 000 bales; that 1,300,000 bales will be retained in this
degree. At this time speculation, whether well founded as country, and the export to Europe may be 2,700,000 bales ;
and that the import to Europe from other countries for
to facts, or under delusion, holds to cotton with a strong
hand, and its active agency, the dealing in cotton for future 1873-74, shall be only equal to the average of the three
pace
as a
delivery, carries great
a
preceding, say 3,135,000 bales.
regarded as low figures of supply.
years
power.
be
These will probably
On the oth^r hand,
period of rest between crops, from June 1 to
1, when the producers, having sold most of their assume a liberal increase of consumption of cotton in all
Upon these premises how will
cotton, hold but little of it; when the reduced and rapidly Europe at least 5 per cent.
the surplus of cotton in Europe stnnd October 1, 1874?
reducing stocks in market are most easily controlled by the
Bales.
Poanrl*.
speculative holders into whos^ hands it has come at the low Stock in European ports September 30.1873
580,000,000
1,530.000
2.700,000
prices of the spring, who are now also favored by the return | Imports to Europe 12 months { American
ending Sept. 30, 1874
1 Other
3,135,000—5,835,000 2,21?,3T»,OflO
of cheap and abundant money ; and when spinners at home
and abroad are supposed to bejnear the need of replenishing Making supply that year
7.385,000 2.797.300.000
This is the
October
And the
their mills.
If the
summer
is to be followed
by the out-turn of a short
consumption be increased to
The stock
5,618.000
remaining Oct. 1, 1874, would be
1,767,000
2,135,( 00,000
or
662.300,OOp
.advance is well, brings profit to the specu¬
These hypothetical figures are employed for the purpose of
lation and no harm to the producer.
But if the crop is to raising the ivquiry whether it is nou evident that the pro¬
turn out a large one, the effect to the planter of a summer
duction of cotton in the world has got; ahead of its largest
advance is very injurious.
Just so much, at least, as price possible consumption under the existing conditions of trades
shall be forced up above the level due to the true relation and that the
surplus increases annually on an average pro¬
of supply of cotton to the demand fur its actual use, will duction in this
country of 3,750,000 bales, in spite of exten¬
prices be forced below that level when the new crop begins sion of spinning machinery iu 1871 and 1872. It is pretty
to come freely.
It is the law of compensation, and works certain that no new cotton mills will be started in England,
like the swing of the pendulum.
Its operation suits specu and few if any spindles on the Continent in the year follow¬
latioh exactly, which, having sold the summer stock at
ing 1st October next. It seems to follow that with the rest
unduly high prices, employs all its forces to produce depres. of the world contributing in 1873-4, as much to the world’s
sion on the advent of the new crop.
According to the cotton supply as in late years, whatever our crop shall
ethics of trade this is all right, pn-d no one should complain exceed
3,750,000 bales must go to swell a surplus already
crop,
the
summer
of it.
The
the
large.
present is therefore a good time, in the interest of
producers and consumers (in this and other coun¬
tries'), to take a broad survey of what is, and what may be
—not in any spirit of prediction, not even saying that the
premises employed are probable, but assuming them because
embodying the more conservative opinion of the cotton
dealing world.
Public opinion always will note the facts attending the plant
ing and comparing these with the facts of previous years, wilj
infer the probable result.
It does so properly, recognizing
the beneficient promise of seed time and Harvest.
Planters
have been ridiculed for their assertions last September and
Decernoer, of the shortening of their crops by drought and
worms in
August, and by the storms of November and
December. The ridicule was undeserved, though the outturn
be 500,000 bales more than was generally expected ; for if the
season of 1872 73
had been as good as that of 1850 60
throughout, as it was up to the middle of July, and giving
as much
yield of lint per acre, the production would have
far exceeded the actual result.
It was a short crop for the
area
planted. The men who grow cotton know what a full
crop is, though having seen but one.
A good crop reaches,
perhaps, three-fourths of a full one. Iu some] sections the
last crop was therefore a good one ; in others it was a com¬
parative failure.
Looking at the area planted this year, and the good though
late “ stand,” obtained it was not strange that at fche eLd of
May, Southern opinion said 4* if we have favorable weather
in June and July, and a good and long picking season, this
will be the largest crop ever made.”
The rare occurrence
cotton
The
our
is to bring out these facts, so that
by any of the current
put afloat by interested speculators.
object of this
friends
fallacies
may
paper
not be deceived
THE ILLINOIS RAILROAD LAW.
FULL TEXT
Below
we
OF ITS PROVISIONS.
give tlie Illinois Railroad law in full.
It will be
found useful for reference.
Section 1. More than a fair and reasonable rate declared extortionate.
Sec. 2. Unjust discrimination in rates declared a violation ol the act.
Sec. 3. Discriminating rates, charges, collections or receipts, directly or by
rebate, drawback or other shift or evasion, to be prima facie evidence of unjust
discrimination.
Sec. 4. Penalty for extortion or unjust discrimination.
Sec. 5. Fines—how recovered.
Seo. 6. Any person or corporation offended against may recover three times
the amount of damages and attorney’s fee.
Sec. 7. Duties of Railroad and Warehouse Commissioners.
Sec. 8. Railroad and Warehouse Commissioners to make schedule for ea :h
railroad in this State.
Sec. 10. Rules of evidence, fines recovered, remedies cumulative—suits shall
have precedence.
Sec. 11. Defining
In force July 1, i
An act to prevent
“ railroad,”
as
used in this act.
73.
extortion and unjust discriuation in the rates charged for
transportation of passengers and freights on railroads, iu this State, and
punish the same, and prescribe a mode of procedure and rules of evidence
relation! hereto, and to repeal an act entitled “An act to prevent unjust
the
to
in
discriminations and extortions in the rates to be charged
railroads in this State for the transportation of freights on
by the different
said roads,” ap¬
proved April 7, A. D., 1871.
Section 1. Be it enacted by the People of Illinois represented in the General
Assembly: If any railroad corporation, organized or doing business iu this
State under any act of incorporation, or general law of this State, now in force
or which may be hereafter enacted, or any railroad corporation organized or
which may hereafter be organized under the laws of any other State, and doing
business in this State, shall charge, collect, demand or receive more than a fa.r
and reasonable rate of toll or compensation for the transportation of passen¬
gers or freight, of any description, or for the use and transportation of any
railroad car upon its track, or any of the branches thereof, or upon any railroad
within this State which it has the right, license, or permission to.use. operate,
or control,, the same sh ill be deemed guilty of extortion, and upon conviction
thereof shall be dealt with as hereinafter provided.”
Sec. 2. If any such railroad corporation aforesaid
an
crimination in its rates or charges of toll, or compensation, for the transpor¬
tation of passengers or freight of any description, or for the use and transpor¬
tation of any railroad car upon its said road, or upon any of the branches
thereof, or upon any railroads connected therewith, which it has the right,
license, or permission to operate, control or use, within this State, the same
shall be deemed guilty of having violated the provisions of this act, and upon
shall make
conviction thereof shad, be
dcait with
as
hereinafter provided,
unjust dis¬
[July 19, 18 73
THE CHRONICLE.
74
Sec. 3. If any such railroad corporation shall charge, collect, or receive, for
the transportation of any passenger, or freight of any description, upon its
railroad, for any distance, within this State, the same, or a greater amount of
toll or compensation than is at the same time charged, collected, or received for
the transportation, in the same direction, ol any passenger, or like quantity of
freight of the same class, over a greater distance
or
same^
shau charge, collect, or receive at an
toll or compensation for receiving
class and quantity, than it shall at
other point upon the same railroad ; or if it shall charge, collect, or receive for
the transportation of any passenger, or freight of any description, over its
railroad, a greater amount as toll or compensation than shall, at the same time,
be charged, collected, or received by it for the transportation of any passen¬
ger, or like quantity of freight of the same class, being transported in the same
direction, over any portion of the same railroad of equal distance : or if it shall
charge, collect or receive from any person or persons, a higher or greater
amount of toll or compensation than it shall, at the same time, charge, collect
or receive from any
person or persons for receiving, handling, or delivenng
of the
„
.
if
railroad;
.
.
other
freight of the same class and like quantity, at the same point upon its railroad ;
or if it shall charge, collect, or receive from
any person or persons, for the
transportation of any freight upon its railroad, a higher or greater rate of toll
or compensation than it shall, at the same time, charge, collect, or receive
from any other person or persons, for the transportation of a like quantity of
freight of the
same class, > being transported from the same
direction,
equal distances of
the
same
over
it
shall
charge,
collect,
or
receive
from
any
same
if
persons,
for
point, in the
railroad ;
or
person
or
the
and
transportation
use
of
any
railroad
car
or
railroad, for any distance,
upon its
the same or a greater
amount of toil or compensation than is at the same time charged, collected, or
received from any other person or persons, for the use and transportation of
any railroad car of the same class or number, for a like purpose, being trans¬
ported in the same direction, over a greater distance of the same railroad ; or
if it charge, collect or receive from any person or persons, for the use and
transportation of any railroad car or cars upon its railroad, a higher or greater
rate of toll or compensation than it shall at the same time
charge, collect or
receive from any other person or persons, for the use and transportation of
any railroad car or cars of the same class or number, for a like purpose, being
transported from the same point, in the same direction, over an equal distance
of the same railroad; all such discriminating rates, charges, collections or
receipts, whether made directly or by means of any rebate, drawback, or other
shift or evasion, shall be deemed ana taken, against such railroad corporations,
as prima
facie evidence of the unjust discriminations prohibited by the pro¬
visions or this act, and it shall not be deemed a sufficient excuse or justification
of such discriminations on the part of such railroad corporations, that
the
railway station or point at which it shall charge, collect or receive the same or
less rate of toll or compensation, for the transportation of such railroad car
the greater distance, than for the shorter distance, is a railway station or
point
at which there exists competition with any other railroad or means of trans¬
portation. This section shall not be construed so as to exclude other evidence
cars
permission to use, operate or control wholly or in part within this State.
Provided, however, that nothing herein contained shall be so construed as to
prevent railroad corporations from issuing commutation, excursion or thousand
or
•
schedules shall have been made or revised, as aforesaid, it shall be the
duty of said Commissioners to cause publication thereof to be made for three
successive weeks, in some public newspaper in the city of Springfield, in this
State.
schedules
thus
Provided
that
the
prepared shall not be
taken
as
provided
prima
fac'-e
evidence
as
herein
until
schedules
shall
have
been
prepared and
published as aforesaid
for all the railroad companies now organizied under the laws of this
State, and until the 15th day of January, A. D., 1874, or until ten days after
the meeting of the next session of this General Assembly, provided a session
of the General Assembly shall be held previous to the 15th day of January
aforesaid. All such schedules, purporting to be printed and published as
aforesaid, shall be received and held in all such suits, as prima facie the
schedules of said Commissioners, without further proof than the production
of the paper in which they were published, together with the certificate of the
publisher of said paper, that the schedule therein contained is a true copy of
the schedule furnished for publication by said Commissioners, and that it has
been published the above specified time; and any such paper purporting to
have been published at said city, and to be a public newspaper, shall be pre¬
sumed to have been so published at the date thereof, and to be a public news¬
any
paper.
Sec. 10. In all cases under The provisions of this act, the rules of evidence
shall be the same as in other civil actions, except as hereinbefore otherwise
provided.
All fines recovered under the provisions of this act shall be paid
into the county treasury of the county in w'hich the suit is tried, by the person
collecting the same, in the manner now provided by law, to be used for county
purposes. The remedies hereby given shall be regarded as cumulative to the
remedies now given by lawr against railroad corporations, and this act shall not
be construed as repealing any.statute giving such remedies.
Suits commenced
under the provisions of this act shall have precedence over all other business,
except criminal business.
Sec. 11. The term “railroad
deemed and taken to mean all
corporation,” contained in this act, shall be
corporations, companies or individuals now
owning or operatiug any railroad, in whole or in part, in this State ; and the
provisions of this act shall apply to all persons, firms and companies, and to
all associations of persons, whether incorporated or otherwise, that shall do
business as common carriers upon any of the lines of railways in this State
(street raihvays excepted) the same as to railroad corporations hereinbefore
mentioned.
*
Sec. 12. An act entitled “ An act to prevent unjust discriminations and
extortions in the rates to be charged by the different railroads in this State for
the transportation of freight oirsaid railroads,” approved April 7, A. D. 1871,
is hereby repealed, but such repeal shall not affect or repeal any penalty incur¬
red or right accrued under said act prior to the time this act takes effect, nor
procedings or prosecutions to enforce such rights or penalties.
Approved May 2, 1873.
any
CHANGES IN THE REDEEMING AGENTS OF NATIONAL BANKS.
Tlie following are the changes in the Redeeming Agents of
National Banks approved since the 10th inst. These weekly
changes are furnished by and published in accordance with an
arrangement made with the Comptroller of the Currency:
.
mile
tickets, as the same are now issued by such corporations.
Sec. 4. Any such railroad corporation
guilty of extortion, or making any
r
unjust discrimination as to passenger or freight rates, or the rates for the use
and transportation of railroad cars, or in receiving,
handling or delivering
freights, shall, upon conviction thereof, be fined in any sum not less than one
thousand, nor more than five thousand dollars, for the first offense; and
for the second offense not less than five thousand
dollars, nor more than ten
thousand dollars; and for the third offense not less than ten thousand dollars,
nor more than twenty thousand dollars; and for
every subsequent offense and
conviction thereof, shall be liable to a fine of twenty-five thousand dollars.
Provided, that in all cases under this act either party shall have the right of
trial
by jury.
Sec.* 5. The fines hereinbefore provided for may be recovered in an action of
debt, in the name of the people of the State of Illinois, and there may be sev¬
eral counts joined in the same declaration as to extortion and
unjust discrimi¬
nation, and as to passenger and freight rates, and rates for the use.and trans-
-
LOCATION.
NAME OF BANK.
Massachusetts-
The First Ward Na--,The Hanover National Bank of New
tional Bank
York, at
The National Bank. The Newr York State National Bank of
Albany, approved as an additiona
F.oston
New York—
.
Vernon
agenl.
Indiana —
Rochester
Indiana—
The First National The Union National Bank of Chicago,
Bank..
| approved as an additional agent.
The First National The Cook County• National Bank of
Bank
I
! Chicago, approved as an additional
Danville..,
I
Illinois—
judgment
accordingly; and if the jury shall find for the people, and that the defendant
has been onoe before convicted of a violation of a
provision of this act, they
shall return such finding with their verdict,
and shall assess and return with
their verdict the amount of the fine to be
imposed upon the defendant, at any
sum not less than five thousand dollars nor more than ten
thousand dollars, and
the Court shall render judgment
accordingly; and if the jury shall find for
the people, and that the defendant has been twice before convicted of
a viola’
tion of the provisions of this act, with
respect to extortion or
unjust discrimi¬
nation, taey shall return such finding with the verdict, and shall assess and
return with their verdict the amount of the fine to be
imposed upon the
defendant, at any sum not less than ten thousand dollars nor more than twenty
thousand dollars; and in a like manner, for
every subsequent offense and convictiou, such defendant shall be liable to a fine of twenty-five thousand dollars.
Provided, that in all cases under the provisions of this act, a preponderance of
evidence in favor of the people shall be sufficient to authorize a
verdict and
judgment for the people.
Sec. 6. If any such railroad
corporation shall, in violation of any of the
provisions of this act, ask, demand, charge, or receive of any person or cor¬
poration any extortionate charge or charges for the
transportation of any
passengers, goods, merchandise, or property, or for receiving,
handling or
deiivei ing freights* or shall make
any unjust discrimination against any person
or corporation in its
charge therefor, the person or corporation so offended
against may, for each offense, recover of such railroad
corporation, in any
form of action, three times the amount of the
damages sustained by the party
aggrieved, together with cost of suit and a reasonable attorney’s fee to be
fixed by the Conrt where the same is
heard, on appeal or otherwise and’taxed
as a
part of the costs of the
case.
Sec. 7. It shall be the
duty of the Railroad and Warehouse Commissioners
to personally
investigate and ascertain whether the provisions of this act are
violated by any railroad
corporation in this State, and to visit the various
stations
upon the line of each railroad for that
purpose as often as practic¬
and whenever the facts, in any manner ascertained
by said Commissioners, shall in their
judgment warrant such prosecution, it shall be the duty
of said Comm.ssKmers to
immediately cause suits to be commenced
able ;
secuted agamsf; any railroad
this act.
Such suits and
and pro¬
corporation which may violate the provisions of
prosecutions may be instituted in any county in this
State; through or into which the line of the railroad
corporation sued for
violating this act may extend. And such Railroad and Warehouse Commissloners
are hereby
authorized, when the facts of the case presented to them
shall, in their judgment, warrant the commencement of such
action, to em¬
ploy counsel to assist the Attorney-General in
conducting such suit on beha!f of the State,
ofo such suits commenced
by said Commissioners shall be
dismissed, except said Railroad and Warehouse Commissioners and
the
Attorney-General shall consent thereto.
Sec. 8. The Railroad and Warehouse Commissioners are
hereby directed to
make, for each of the railroad corporations
doing business in this State as
soon as
practicable, a schedule of reasonable maximum rates of charges for
the transportation of
passengers and freight and cars on each of said rail¬
roads ; and said schedule shall in all
suits brought against any such railroad
corporations, wherein is in any way involved the charges of
any such railroad
corporations for the transportation of
any passenger or freight or cars, or unjust discrimination m relation thereto,
be deemed and taken, in all Courts of
this otate, as prxma
fade evidence that the rates therein fixed are reason-
™axln*UIh rates of charges for the transportation of passengers and
5^” uP®n the railroads for which said schedules may have been
PreParedoften as circumstances Said Commissioners shall, from time to time, and as
,
«
*
may require, change and revise said schedules.
When
'
agent.
The First National The Fifth National Bank of
Chicago,
Bank
approved in place of the Union Na¬
tional Bank of Chicago.
Galesburg,
ftortation of railroad cars, and fir receiving, handling or delivering freights,
f, upon the trial of any cause instituted under this act, the jury shall find for
the people, they shall assess and return with their verdict the amount of
fine to
be imposed upon the defendant at any sum not less than one thousand
dollars
nor more than five thousand
dollars, and the Court shall render
REDEEMING AGENT.
New National Banks.
The
following National Bank has been organized during the
past week, viz.:
Official No
2,018—The First National Bank of Austin, Texas. Authorized capital, $100,000;
paid in capital, $50,000.. II. M. Holden, President; M. W. St. Clair.
Cashier. Authorized to commence business July 17, 1873.
c
.Catest
fllonetarj) anti (ttommercial (Snglisl) Nctt)3.
RATES OF EXCHANGE AT LONDON, AND ON LONDON
AT LATEST BATES.
EXCHANGE AT LONDON—
JULY
ON—
TIME.
Amsterdam...
Antwerp
Hamburg
Paris
Paris
EXCHANGE ON LONDON.
4.
LATEST
RATE.
12 0)i@!2 1% I
short.
3 months. 25.75 @25.80
20.52 @20.57
short.
25 471£@£5 57)^
3 months.
11.45 @11.50
July 4.
...
3 mos.
short.
Berlin
•
•
•
6.25^@ 6.2524
119%@120
3!34(&<1%
47 @47>£
522£@53
....
Frankfort
St. Petersburg
....
....
....
Cadiz
Lisbon
90 days.
Milan
3 months. 29.20
Genoa
§9.20
Nanles
29.20
New York
Rio de Janeiro
Bahia
Buenos Ayres
....
@29.30
@29.30
....
.
Valparaiso....
•
.
•
•
•
•
-
•
Calcutta
days.
.
.
.
.
....
6.19X
mg
short.
*
’
July 4.
60
90
days.
days.
27.
! July 3.
July 2.
is. ioyid.
is. io%d.
4s. 5d.
■
....
days.
IFrom
4s. 5d.
our own
*
109)b
26
49 %
44)4
25Jtf@25 %
} May
....
60
-•
If
-
111.20
mos.
{ June 19.
May 15.
•
....
60
3
U
*
•
•
July 4.
July 3.
) June 6.
j June 10
May 30.
.
....
..
....
.
....
Pernambuco
Montevideo...
Hong Kong...
Shanghai
Penang
1
Singapore
1
.
.
•
Bombay
(4
@29.30
....
....
12.01
25.53
19.30
ii
25.87)|@25.92^
•
RATE.
short.
U
....
Vienna..'
TIME.
DATE.
June
June
June
June
22.
22.
27. 1
27. |
6
mos.
•
.
.
.
.....
'
j
51
Is. 1 Id.
U. 11 d.
4s. 6lid.
68. 0%d.
54 "
53%
’
correspondent.!
London, Saturday, July 5, 1873.
England return for the present week shows som<
decided changes, but as
they are only incidental to the terminatioi
of the half year, they have
not attracted much attention. Th<
The Bank of
circulation of notes has been augmented by
£837,363; but, not
THE CHRONICLE.
July 19,1873.]
withstanding the heavy payments which have baen made, there
slight increase in the stock of bullion. The addition of
£2,481,158 to the amount of “ other securities,” is due to the
unabated desire of large firms and financial establishments to
possess large balances at the close of the half-year, as will be per¬
ceived by the fact that the increase in “other deposits,” or current
is a
»
accounts, is as much as £2,624,442. The result of these changes
iAh^t the proportion of
reserve to liabilities, which was last
week 40f per cent, is now 36 1-8 per cent. The return, however,
is not one on which to found any argument respecting the future
of the money market.
course
in
a
Although the Bank is temporarily
changed state of affairs will
less satisfactory position, yet the
the dividends will be dis¬
tributed next week, while money, far from tending to tightness,
pursues an opposite course. The general belief is that a reduc¬
tion to five per cent cannot be long delayed, but though that
figure may be adopted in the course of the next fortnight, it is
not anticipated that any further downward movement will take
place. The position of the bullion market is, indeed, more satis¬
be
quickly rectified,
more
especially
as
The demand for gold for export to Germany has materi¬
ally abated, and some small sums have been sent into the Bank
factory.
this week.
This is due to the fact that the Bank of France has
arranged to advance the French Government £8,000,000 in gold as
circumstances demand it, so that a supply of gold, hitherto unavail¬
able, has at length come upon the market, and afforded much
relief to this market. This fact is clearly favorable to increased
ease in money, more especially as the commercial demand is likely
to be below the average during the Summer months, in conse¬
quence of the contracted character of our trade. An apprehen¬
sion of dear money has caused merchants to act with extreme
caution, but the fear of high rates of discount, though probably
unfounded, will have had a beneficial effect in rendering our com¬
mercial position more healthy and sound.
But one thing calculated to check the downward movement in
money is the improbability of our receiving large supplies
of gold from the United States. The importations from New
York now consist entirely of silver, and it is not likely that with
your large export, considering the period of the year, of produce >
and especially of breadstuff's, that there will be any considerable
shipment of gold so long as your bonds find so ready a market in
The demand this week for 5-20s, 10-40s and the Funded
Europe.
Five per cents, has been very strong and of an excellent character.
The value of those securities has advanced from day to day, and
the fact that
they are almost entirely bought for permanent invest¬
naturally leads to the conclusion that the present advance
will be maintained.
And it is probable that were our rate of dis¬
count to be reduced to five per cent there would be still less like¬
lihood of our receiving gold from your side.
The demand for money during the week has been to a very
moderate extent.
The supply continues to increase, and the
market closes with an easy appearance at the annexed quotations :
ment
75
Bank rate
Consols
Price of wheat
Mid. Upland cotton
No.40 mqle yarn fair 2d
93d.
47s. 9d.
3 p. c.
92#d.
2#
61s. 6d.
3# p. c.
-
59s. Id.
9#d.
6 p. c.
3 p. c.
p. c.
93#xd.
92# d
92# d.
58s. Sd.
69s. 2d.
.
9d.
ll#d.
9#d.*
quality
Is. 4#d. la. 2#d.
Is. 2#d.
Is. 4#d. Is. 1#d.*
Clearing House return. 80,912,000 106,586,000 120,650,000 142,045,000 148,395,000
*
Prices June 26.
The demand for
gold for Germany has entirely ceased, and all
into the Bank.
cheaper. The
following prices of bullion are from the circular of Messrs. Pixley,
Abell, Langley & Blake:
are likely, therefore, to be sent
Bar silver is firm in price; but Mexican dollars are
our
importations
GOLD.
BarGold
Bar Gold, fine
Bar Gold, Reflnable
South American Doubloons
United States Gold Coin
per oz.
per oz
per oz.
s.
standard, last price.
standard,
standard,
do.
do.
per oz.
per oz. none here.,
d.
77 9 @
77 0 @
77 10#@
73
9
....
d.
s.
....
....
....
@74 0
@
....
SILVER.
s.
>
Bar Silver, Fine
Bar Silver, containing
Fine Cake Silver
Mexican Dollars
Five Franc Pieces
Bills
d.
s.
d.
per oz. standard. 4 11 5-16@
5
grs.
Gold.per oz. standard*last price. 4 1111-16@....
per oz.
no price
per oz., last price, new, 4 11
old, ., .
per oz., none
here
@
Italy and Austria have been offered. Spanish bills havs
negotiate; but for those on France and Germany
there has been a good demand.
The stock markets opened with an exceedingly quiet appearance
this week; but a firmer tone has since prevailed. The dealers and
brokers complain of the small amount of business in progress,
and it is considered probable that there will be no return of
animation until the Autumn. Consols, however, are firm, owing
to the fine weather, and to the fact that £1,180,000 is available
this quarter for the reduction of debt.
United States Govern¬
ment stocks have, as I have before mentioned, been firm, on a
good demand for investment; but in Erie shares there has been
no especial movement, while Atlantic and Great Western securi¬
ties have declined in value, owing to numerous realizations.
Illinois Central shares show less depression.
The following were the closing prices of consols and the princi¬
pal American securities this afternoon : *
on
been difficult to
Consols (money)
92#@ 92#
United States 6 per cent 5-20 bonds, ex 4-6
91#@ 92#
do
2d series
90#@ 91
do
1865 issue,
.
*
93#@ 93#
do
1867 issue
...xd92#@93#
do
5 per cent. 10-40 bonds, ex 4-6.90#@ 90#
do
5 per cent Funded Loan, 1871, ex 4-6
90#@ 90#
Atlantic and Gt West., 8 per cent. Debent’s, Bischoffsheim’s ctfs.. 56 @ 58
DittoConsolidatedBonds, 7 per cent.,Bischoffsheim’s certificates. 46#@ 47#
Ditto 1st Mortgage, 7 per cent bonds
xd 7P#@ 77#
Ditto 2d Mortgage, 7 per cent bonds...,:
67#@ 68#
Ditto 3d Mortgage
*
38#@ 33#
Erie Shares, ex 4-6
1
49#@ 49#
Ditto 6 per cent. Converlible Bonds,
96#@ 97#
Ditto 7 per cent Consolidated Mortgage Bonds
94#@ 95#
Illinois Central Shares, $100 pd., ex 4-6
85#@ 86#
Illinois and St. Louis Bridge, 1st mort
99 @101
Louisiana 6 per cent. Levee Bonds
40 @45
Massachusetts 5 per cent, sterling bds, 1900
92 @94
New Jersey United Canal and Rail hds
93 @100
Panama Gen. Mort 7 per cent, bonds, 1897
91 @93
.
Pennsylvania Gen. Mort. 6 per ct. bds, 1910
96#@ 97#
42 @44
The meeting of Bolivian bondholders was hold on Tuesday, and the attend¬
Per cent.
Per cent.
ance was large,
Mr. Ldoyd, one of the trustees, occupied the chair, and stated
Bank rate
6
4 months’bank bills
5 @5#
that the nett proceed of the loan amounted to £1,153,000. A portion of that
Open-market rates:
6 months’ bank bills
.5 @5# sum has been disbursed in connection witn the railway works in progress,
30 and 60 days’ bills
.5#@5#
4 and 6 months’ trade bills. 5 @6
but a sum of £754,132 still remains at the Bank of England invested in Five3 months’ bills...;
5#@5#
Twenty bonds. The Public Works Construction Company, who had under¬
taken the work of making of line, have been paid several amounts for work
The rates of interest allowed by the joint stock banks and
performed : but though the railway should, by the terms of the contract, be
completed by the Spring of next year, only 14 miles, out of 153# miles, have
discount houses for deposits are subjoined :
as yet been completed.
The Brazilian engineer who surveyed the route
Per cent.
Joint stock banks
4# adhered to his estimate, and Colonel Church affirmed that there was an ample
Discount houses at call
/
4# supply of labor, and that the Government of Bolivia had instructed their
agents to be ready with a sufficient number of laborers as soon as the contrac¬
Discount houses with 7 days’ notice.
;
5
Discount houses with 14 days’ notice...
5# tors applied for them. That application, however, had not oeen made. After
a protracted discussion the bondholders came to the conclusion that the
The following are the rates of discount at the leading Con- Bolivian Government was alone responsible to them, and the resolution which
was passed to the effect that the position of affairs be referred to that govern¬
tinental cities:
ment, and that means be taken, to protect that part of the proceeds of tne loan
Bank Open
Bank Open
now at the Bank of England, more especially as the Public Works Construction
rate. market
rate. market.
Company contend that there are insuperable difficulties in the way of making
the line, while Colonel Church maintains that the loan was adequate for the
per cent, per cent.
per cent. per cent.
Paris
5
Madrid, Cadiz and Bar4#
purpose, and that, if actively pursued, the line might have been completed
Virginia 6
per
cent, bonds, ex 4-6
-
Amsterdam
5
Hamburg..
Berlin
6
6
6
:
Frankfort
Vienna and Trieste
Lisbon and Oporto
...
.
7
5
5
6
7
Turin, Florence
and
Rome
i
6
6
4
6
celona
St. Petersburg
Brussels
4#
5#
4#
5#
5#
6#
6
6#
Leipzig
following statement shows the present position of the Bank
of England, the Bank rate of discount, the price of Consols,
the average quotation for English Wheat, the price of Middling
Upland Cotton, of No. 40 Mule Tarn fair Becond quality,
and the Bankers’ Clearing House return compared with the
four previous years :
The
1869.
1870.
1871.
1872.
£
Circulation, including
£
£
£
bank post bills
24,471,351 24,322,506 25,496,163 26,824,095
Public deposits
4,455,863
7,036,450 9,227,710 12,025,569
Other deposits
21,091.460 20,974,793 24,992,428 19,045,147
Government securities. 15,702,999 12,488,438 14,874,572 13,385,646
Other securities
17,409,587 21,314,572 21,182,608 23,257,635
Reserve
,
1873.
£
26,470,519
11,498,627
19,111,754
13,257,654
24,334.875
of notes and
coin
Coin and bullion in
both departments....
10,814,268 12,542,863
16,528,761 12,617,939 11,275,929
19,810,598 21,449,108 26,495,236 24,065,094 22,336,814
within the contract time.
that they are author,
ized by the Louisville and* ^Nashville Railroad Company to re¬
ceive subscriptions for £1,100,000 6 per cent bonds of the South
Messrs.
Baring Brothers & Co. announce
Railroad Company. Interest on the bonds
from the 1st of May, and the price of issue is 87.
and North Alabama.
commences
payment of the instalments extends to December 15, and the
principal, which is reimbursable at par in 1903, is guaranteed by
the Louisville and Nashville Railroad Company.
The diminution this week in the “ public deposits ” or Treasury
balance at the bank of £1,143,643, is understood to have been
chiefly in connection with the arrival at maturity of certain bills
drawn in connection with the Geneva award. The Tiuncs stated
yesterday that a fortnight ago £1,200,000 of that award was re¬
ceived in New York. The anticipated tightness of the money
market in the autumn arising out of that operation is not likely
therefore to be realized,
The
meeting of the joint stock hanks a
It is stated that at a recent
[July 19, 1S73.
CHRONICLE
THE
76
general opinion was expressed that it was undesirable to modify
supplement the existing bank act. The bill which lias been
laid on the table by Mr. Lowe has not yet come up for discussion.
The wheat trade remains in the same inactive state, and trom
London Produce and Oil Markets.—Calcutta linseed
lower and linseed oil 15s. lower than last
the continent,
forward de¬
the chief feature is that produce for
livery is rather cheaper. There are, however, 300 cargoes of
wheat afloat, against 178 last year, and this fact naturally induces
millers to operate with caution. The transactions, therefore, are
restricted to the supply of actual wants.
Since the 1st of Sep¬
tember last our importations of wheat and flour have exceeded
those of last year by nearly 400,000 tons.
The weather is favorable for the growing crops, but an abundant
yield of produce is not expected. It is anticipated that a good
quality of W'heat will be grown, but it is quite clear that the
harvest wTill be late, and the plant is not yet generally in ear in
Unless
the midland counties.
the autumn, therefor©, should
propitious, we shall again have §, tedious and protracted
harvest, with produce not immediately available for market.
The,following figures show the imports and exports of cereal
produce into and from the United Kingdom since harvest, viz.,
from September 1 to the close of last wreek, compared with the
or esponding periods in the three previous years:
be very
IMPORTS.
1871-72.
1872-73.
Wheat
17.196 764
5,669,845
2,728,871
12,261,635
Barley
1.270,972
2,237,389
Peas
Beaus
Indian Corn...
Flour
1870-71.
31,923.499
10,826 661
8,702,703
852,81l
2.900,109
15,561,645
£
32,898,162
-
0,687,286
6,686,469
9,077.825
7,632,613
850,030
1,645,829 '
1,493.778
1,539,70m
14,926,59a
12.561,056
3,784,819
5,252,947
spot,
on
Oats
110.732
79.888
1,433.586
53,470
313,703
13,372
18,019
61,991
1 3'5 391
14,857
80,905
2,458
36,3.3
21,624
G15,199
3,045
21.075
18,294
Peas....
Beans
Indian Corn..
Flour.
3,152 176
15.629
103.268
9.658
17,291
2.281
59.103
The returns of the
the various
June 26
quantities of cotton imported and exported at
ports of the United Kingdom during the week ended
follows:
are as
Amor.
Cotton imported during
ended June 26th, 1853
Exuorted
same
Brazil. E. Ind.
the week
bales. 26,749
2,658
time
Egypt.
Mi sc.
Tot.
10.878
30,501
1,652
342
70,122
1,615
8,151
109
417
12,930
daily closing quotations in the markets of London and Liver
pool for the past week have been reported by submarine telegraph
shown in the following summary:
close
been reduced 4 per cent, and is now 4.V
per
cent.
England has increased £37,000 dur.
the past week.
Mon.
Tnes.
Wed.
Thnr.
r<2%
93 3 g
92
92)8
9 33 ^
92 ]4
92%
92%
92%
93) 8
93%
93%
93%
90%
90%
92%
93 %
93%
90%
99%
x39%
89%
89%
at
Frank¬
Sat
Consols for money
“
account
q
D. S. 6s (5-20s,) 1865,old.. 93 %
44
“
1867
93) g
U. S. 10-40S
90 if
New 5s
Th3
fort
93)8
93%
9"%
90^4
90%
daily quotations for United States 6s (1862)
Frankfort
90%
Sat.
d.
Flour (Western)
Wheat (Red W’n.
$ hhl 27 0
spr)..$ et! 10 9
(Red Winter)
“ 11 10
“
(Cal. White club)
“
12
2
Corn
Mon.
s.
d.
27 0
10 9
11 10
12 2
(West, m’d) $ quarter 27 3
Barley (Canadian)....^ bush 3 6
Oats(Am.&Can.)
bush 3 5
27
3
3
Peas (Canadian)... $ a uarter 37
37
“
“
..
0
Sat.
8.
d.
81 6
63 6
37 6
33 6
60
93%
90%
3
6
5
0
0
Mon.
s.
d.
81
63
37
38
60
6
6
6
6
0
Sat.
d.
8 3
16 0
1
2%
8.
bne
“
Petroleum(reftned)....$ gal
“
(spirits)
“
9%
40
Cloverseed (Am.
red)..
Spirits turpentine
40
33
9
0
0
Mon.
d.
8 3
16 0
1 2%
10
40 9
40 0
33 0
8.
0
Tues.
s. d.
27 6
11
12
12
27
3
3
38
0
0
3
3
6
5
6
Wed.
Thur.
d.
27 6
8.
11
0
12
0
3
3
6
5
0
11
12
12
27
3
3
8.
12
27
3
3
38
27
38
d.
6
0
0
3
3
6
5
6
Fri
d'
27
6
11
0
0
3
3
6
5
6
12
12
27
3
3
36
TUC8.
8. d.
81 6
63 6
37 6
39 6
59 0
Wed.
p.
d.
81
6
6
6
6
0
63
37
38
50
Thnr.
8.
d
81 6
63 6
37 6
38 (i
59 0
Fri
s. d
81 (
63
f
39
38
58
f
<
Tues.
d.
8 3
8.
16
1
0
2%
10
40 9
40 0
33 0
Wed.
8.
8
16
1
d.
3
0
2%
Thur.
8.
d.
8
16
1
3
0^
10
40
40
33
9
0
0
2%
Fri
d
8 !
16 (
1 1;
s.
10
40
40
33
11
0
40
40
0
33
9,
,
;
,
0
2S 6
94
0
O
28
(j
0
36 15
33 5
0
0
94
0 0
36 15 0
33 5 0
0
imports this
general
mer¬
FOREIGN IMPORTS AT NEW YORK FOR TIIE WEEK.
187(1.
1871.
1872.
1873
*1,595,758
$1,929,185
$1,723,559
General merchandise...
$1,840,13*
3,776,351
4,797,110
4,811,;37
7,592.158
Total for the week..
$5,372,109
150.866,452
$6,726,295
202,475,061
*6,565,406
238,211,097
$9,432,296
223,502.519
$209,201,356 ' $244,770,593
$232,531,815
Dry goods
Previously reported....
Since Jan. 1
In
our
$162,238,561
'
report of the dry goods trade will be lound theimportsof
dry goods for one week later.
The following is a statement of the exports (exclusive of
specie)
from the port of New York to foreign ports, for the week
ending
July 15 :
1870.
For the week
Previously reported
FOR TUE
WEEK.
1872.
1871.
t
$3,567,466
96,086,881
$4,440,652
123,093,724
1873.
$4,913,437
115,089,417
$5,427,800
145,171,111
Since Jan. 1
$99,654,347 $127,534,376 $120,002,854
$150,601,911
The following will show the exports of specie from the port of
New York for the week ending July 12, 1873, and since the
beginning of the
year, with a
date in previous years :
comparison for the corresponding
July 5—Sir. Parthiu, Liverp'l—
Silver bars
$122,309
July 9—Str. Idaho, Liverpool—
Mexican silver dollars....
12,000
July 9—Str.Bremen, London —
American gold coin
Mexican silver coin
500,000
10,00 )
Silver bars
300,561
July 10—Str. Holsatia, London—
American gold coin
..1,000.000
Foreign gold coin
486
Hamburg—
Silver bars
246,688
July 10—Str. City of Havana,
Havana—
American silver dollars.
54,750
.
July 10—Brg Lima, Cienfuegos—
American silver coin
American
gold coin
Maracaibo—
American gold
:
coin
5,001
July 12—-Str. Celtic, Liverp’l
Silver bars........
American gold coin
Gold bars
-
73.318
....
500,Out)
35,000
July 12—Str. Main. Bremen—
Foreign silver coin
5.600
For London—
American gold coin
Silver bars.
500.000
32,118
July 12—Str. City of Londop,
Liverpool—
Gold bars
Silver bars
20.000
63,6(0
July 12—Str. Samaria, Liverp'l
1,104
$7,090
July 11—Bark Victoria Perez,
Silver bars
—
135.051
Total fur the week
Previously reported...
Total since Jan. 1, 1873
$44,145,011
20,925,833
16,450,180
Same time in
1868
1867
1866
:..
1865.
$55,425,178
31,213.658
49,303.138
The imports of specie at this port daring the past week Inn e
been as follows:
J uly 9— Brig
Emma Dean,
July 9—Steamer Wilmington,
Curacao—
Gold
8.
0
62 3
28 6
94 0 0
36 15 0
33
5 0
fl.
(for dry goods) July 10, and for the week ending (for general
merchandise) July 11 :
90%
Liverpool Produce Market.—Refined petroleum has declined
spirits petroleum shows a gain of 4d.
14
0
6
0
a
y 15
62
$5,427,800 this week, against $4,964,510 last
week, and $5,568,681 the previous week. The exports of cotton
the past week were 8,267 bales, against 8,286 bales last week
The following are the imports at New York-for week
ending
93%
while
Rosin(com. N. C.)...$cwt.
0
28
94 0
36 15
33 5
9 15 0
The total
1872
1871
1870
1869
cheese has declined 2s.
...
36 15
31 0
Same time in
Liverpool Provisions Market.—Bacon has advanced 2s., wliib
Beef (mess) new
tee
Pork (Pr. mess) new $bbl.
Bacon (Cum. cut) new$ cwt
Lard (American)
“
CliPese(Amer,n fine)
“
28
94 0
36 15
33 5
Fri
d. £
s.
The exports are
00 3/
Liverpool Cotton Market.—See special report of cotton.
Liverpool Breadstuffs Market.—This market closes firm with
an advance in flour and wheat, and a decline in
peas.
“
6
0
0
6
0
£
imports amount to $9,432,296 this week,
against $4,112,009 last week, and $8,447,831 the previous week*
chandise.
Fri.
were:
s.
6
July 11—Bark llva, Maracaibo—
The bullion in the Bank of
mg
62
Thur.
Imports and Exports for the Week.—The
week show an increase in both dry goods
and
slightly advanced prices.
The Bank rate has
6
3d
COYIYIKRCIAL AND MHMLUANHDUS NEWS.
Kor
London Money and Stock Market.—American securities
at
0
0
$ ton 94
Whale oil
Linseed oil..
9 15
July 9—Str. Cuba, Liverpool-
English Market Reports—Per Cubic.
The
as
0
Wed.
£ s. d.
9 n 0
62 3
Tnes
£ 9. d.
9 15 t)
62 6
EXPORTS FROM NEW YORK
2.189.207
Barley
ci l.
28
cwt
Sperm oil
EXPORTS.
Wheat
8.
Lins’dc,ke(oblL^9 tn 9 15
Linseed (Calcu tta)
62
Sugar(No. 12 D’ch std)
1869-70.
26,846,062
Mon.
£ s. d
Sat.
or
is
Friday.
$19,0S7 I
Havana—
Gold
$1,200
Tot al for the week.
Previously reported...
2.738,582
Total since January 1. 1873
Same time In
1872
$2,733,248
1870
7.281,647
Same time in
1869
1868
1867......;
$9,747,700
..
.......
4,HK2r3
iyXiG.975
United
Companies of N. J.—A despatch from Trenton, July
15, says: “ The Court to-day delivered an opinion in the celebrated
railroad lease case.
The opinion was read by Judge Van Syckle.
It took the ground that the act of 1870 did not authorize the least1,
and that the directors or stockholders had no right to
make if.
The final decision is rather. peculiar and in these words : ‘ The
decree of the Chancellor is reversed with costs in this Court and
the Court below, and the case remitted with an order that the
injunction issue unless it appears by such proceedings as may
properly be taken in the Court below ; that some essential change,
since the order now reviewed, has taken place in the status of the
case, by reason of which the equities are changed or a different
mode of relief has become necessary. I
Judge Dalrymple concurred- except in reference to the act of
1870, and that he thought was unconstitutional. Chief Justice
Beasley dissented, and read an opinion in which he declared the
act of 1870 constitutional, and of sufficient force to authorize the
lease. The lease had been made, and therefore the order of reversal
was worth nothing whatever.
It could alter nothing, and was
not sought in good faith by the
appellants, but merely to get
abstract opinions of law.
The vote stood as follows : Reversal, 7;
affirmative, 1.
.
July 19,1873.]
Railroad Land Company.—From tlie recent
Iowa
annua1
import of the Land Commissioner, Mr. John B. Calhoun, we
o-atlier the following items: This company, formed under the
laws of Iowa, has the disposal of the large government grants
made to aid in building the Iowa divisions of the Chicago &
Northwestern, the Illinois Central, and the Sioux City & Pacific
railways, and which received of the public domain the following
'
acres:
s
G02,7i»5'54
105,775'42
l,80fi,231'38
certified
acres
These lands are located in
Western Iowa, through which these
roads have been constructed and operated for several years.
The
lands, however, have been but recently placed in market, and
onlv for settlement and improvement. The sales by the Land
Company during the year ending March 31 last amount to
$1,031),091 08, comprising 144,150‘50 acres of farming lands and
The land purchasers number 1,507, averaging 91
acres each, and at an average price of $0 75 per acre.
The unsold
4*37 town lots:
lands amount to 1,454,578 52 acres, consisting of alternate sections
on
either side of the Illinois Central line, from Storm Lake to
City, and
Sioux
a more
compact body along the Chicago & North¬
Railroad, west of the Des Moines.
western
Coupon
Bonds.—A subscriber makes the following refer'
Jaw affecting the transfer and negotiability of’
bonds. He says :
By act of the Legislature, chap. 595, passed May 22, 1873, the
owner or holder of any corporate or municipal bond, payable in
this State to bearer, may, by subscribing his name to a statement,
endorsed therein that such bond is his property, make the prin¬
cipal of such bond payable only to himself or his legal represen¬
tative or assigns.
Such bond may, however, be transferred by
endorsement in blank, or made payable to bearer or order, with
the addition of assignors place of residence.
These • provisions
lire applicable to coupons accompanying such bonds.”
The endorsement should be in the form following:
ence
TEN PER CENT. NEW
First
to a recent
Fund Gold Bonds
OF THE
LAMOILLE
VALLEY,
ST.
J03NSBURY
and seventeen miles
Lake
interest.
annum
No
security is greater than these first-class railroad bonds,
on a large property, as well as on a large and constantly
increasing income.
The building and management of the road is conducted with
based
such economy and integrity as to
fitable and perfectly safe.
make the investment
And lor its transfer
•“I
as
St. Johnsbury, Vt.
Broadway, New York.
FAIRBANKS, BROWN & CO., 2 Milk St,, Boston.
Financial Agents.
For sale by Bankers and Brokers generally.FAIRBANKS & CO.. 311
BANKING
HOUSE OF FISK &
hereby transfer the within bond to
“
New York,
vSigued),
“
(or bearer) (or order).
.
Residing at No.
street, Brooklyn.”
—The attention of the readers of The Chronicle is called to
the advertisement, which will- he found in another column, of
Mr. A. A. Martinez, manufacturer of Havana cigars, No. 181 Pearl
New York. By the price list therein given,
it will be seen
offering Iiis goods at greatly reduced rates,
public that they are all manufactured ex¬
pressly for him by the most experienced Cuban makers, and will
guarantee them genuine Havana tobacco ; and to those purchasing
one box and upwards, give the privilege of returning such as do
not give satislaction.
street.
We recommend to
that Mr. Martinez is
and he assures the
GOLD
or
our
*
July 19, 1873.
friends and customers for investment of
in exchange for Government Bonds,
CHESAPEAKE
THE
,
HATCH,
5 Nassau Street.
surplus Capital,
follows:
very pro¬
E. & T. FAIRBANKS & CO.,
‘‘Pursuant to
is my
ESSEX
long, from the Connecticut
Champlain, and forming the Vermont Division ol
the Portland and Ogdensburg Railroad Trunk Line.
Issued in
denominations of $100, $500, $1,000, and absolutely limited to
$20,000 per mile, WITH A BASIS OF A CASH CAPITAL
STOCK OF $1,200,000 PAID IN AT f>AR.
Principal due
in 1891.
Interest payable in Gold Coin in Boston or New York,
November 1 and May 1. They yield, at present rates of gold,
8 3-4 PER CENT., and held to maturity 10 PER CENT, per
River to
“
assigns/’
and
COUNTY RAILROADS,
coupon
chap. 595, laws of 1873. I hereby declare that the within bond
property, and payable only to myself, my legal representatives or
ENGLAND INVESTMENT.
Mortgage Sinking
One hundred
.
I,037,fi(i0'41
Cedar Rapids & Missouri Railroad....
Iowa Falls & Sioux City Railroad
Sioux City & Pacific Railroad.. ^
Total
T7
THE CHRONICLE
AND
OHIO
SEVEN
PER
CENT
BONDS; principal and interest payable in gold coin in
interest payable January land Julyl; Coupon or
New York;
Registered.
THE
Price 90 and accrued interest.
CHESAPEAKE
AND OHIO RAILROAD, IS A GREAT
EAST AND WEST TRUNK LINE, 420 miles in
length, extend¬
ing from Atlantic tidewater at Richmond to Huntington, the
most favorable point of railroad connection with the Ohio River,
and developing the richest IRON, COAL AND TIMBER regions
in the United States.
completed, and doing a large, profitable and rapidly in¬
—Mr. Paul Dalilgren, long and favorably known in connection creasing business.
with the banking and railway house of Messrs. Winslow and
ITS FREIGHT TRAFFIC, PASSENGER
TRAVEL AND
Wilson of this city, and who for the past year has had charge of
EARNINGS during the current year will be much larger than
their Bond Department, sails for Europe in the steamship
has heretofore been anticipated, and they are developing with a
Abyssinia, of the Cunard Line, to-day. Mr. Dalilgren goes abroad
to represent the United States as Consul General to Italy, and
rapidity which shows the Chesapeake and Ohio to be one of the
will make his headquarters at Rome.
most valuable and successful railroads in the country.
-—Messrs. Jno. J. Cisco & Son, No. 59 Wall street, are offering
the Houston & Texas Central Rail¬
It is
These facts,
together with the SUBSTANTIAL AND ENDU¬
at 90 and interest the bonds of
RING CHARACTER OF
(Northwestern Division). This is a completed road, and the
earnings large and rapidly increasing. The success of this house
m
marketing the bonds of the main liue last season will undoubt¬
edly add to the popularity of the security now offered.
AND THE
way
THE ROAD ITSELF, ITS ADVAN.
TAGES FOR ECONOMICAL AND PROFITABLE OPERATION,
OF THE
UNQUESTIONABLE SECURITY OF THE BONDS
us to recommend them with the
COMPANY, enable
utmost confidence.
Pamphlets containing full information concerning the Road and
BANKING m FINANCIAL.
TO
the country it traverses will be furnished upon application.
We continue to deal in Government Securities, CENTRAL
INVESTORS.
PACIFIC, WESTERN
THE NORTHERN PACIFIC RAILROAD COMPANY
determined
close its ,7-30
to
thereafter to pay no
now
The
and in
Lake
per cent, on
Exchange on commission, for cash, make Collections,
Deposits, on wiiicli we allow interest at the rate of 4 per
cent, and do a general Banking business.
at the
Stock
receive
FISK & HATCH.
limited remainder of the 7 3-10
being disposed of through the usual agencies.
This affords
reinvest
Mortgage Gold Loan and
higher rate of interest than 6
further issues of its bonds, the
loan is
First
having
a
desirable
July interest
or
opportunity to
persons
now
dividends.
has
progressing satisfactorily
lias earned title to nearly ten
sales of lands have thus far
All marketable securities
million acres
averaged $5 6G
are
the Company
of its land grant, and
;
per acre.
all facilities and accommodations
granted usual with City Banks
in addition thereto interest allowed
Bills of Exchange drawn on
Continent;
on
all
daily balances.
England, Ireland, Scotland asd the
Travelers’ and Mercantile Credits issued available
RAILROAD BONUS.—Whether you
wish to BUY
or
SELL,
write to
JAY COOKE &
;
throughout the world.
received in exchange for Northern
Pacifies.
Co.,)
f
Deposit accounts of Mercantile firms and Individuals received
more
Superior and the navigation of the Missouri River; the
work of construction is
Banking House of Henkv Clews &
32 Wall street. N. Y.
wishing to
than 500 miles of its road built
operation, including the entire Eastern Division connecting
Company
PACIFIC, and -CHESAPEAKE AND
buy and sell Stocks and Bonds
OHIO SIX PER CENT BONDS,
CO.,
No. 20 Wall street, New York.
HASSLER & CO.,
No. 7 Wall street. New Yoik
HOUSTON AND TEXAS CENTRAL RAILROAD FIRST
Mortgage Land Grant Sinking Fund Seven Per Cent Gold Bonds
on the Northwestern {.Division.
The road is entirely completed
and its earnings very large. These bonds, which we recommend
as an entirely safe investment, can be obtained at 90 and accrued
interest, in currency, of
JOHN J. CISCO & SON,
No. 59 Wall street.
&()c Bankers’ (frantic.
Per
Cent.
Railroads.
Louisville & Nashville
New London Northern
Banks.
German-American
4
4
When
Books Closed.
P’able.
Aug. 1. July 23 to AUg. 2.
Insurance.
Adriatic (interest dividend)
Williamsburgh City Fire, of Brooklyn....
Stuyvesant Fire
Fireman’s Trust, of Brooklyn
r*
Merchants’
Atlantic
Manhattan Fire
Peter Cooper Fire
1
5
5
10
10
5
5
Rutgers Fire
*
Niagara Fire
Westchester Fire, of New Rochelle
Miscellaneous.
Delaware & Hudson Canal Co
*•
“
int.
on new
United States Express Co.
stock
up
•
•
$2
(quar.)
The Money Market and
•
on
on
*118
120
& July.
118
120
117
6s,
6s,
6s,
6s,
5s, 10-40’s.
6s, Currency
& Nov. *117#
& Nov. *117%
& Nov. *118%
& July. 117%
& July. 118%
& July. *118%
& Sept. *114%
118%
July
17.
115%
*118%
♦119%
117%
*117%
*118%
117%
118%
118%
*114%
*114%
*114%
July
18.
*115% *115%
118% *118%
119% 119%
*117% *117
117% *117%
118% 119
117% *117%
118% 118%
*118% 18%
*114%
*114% *114%
114% *114%
This is the price bid, no sale was made at the Board.
in prices since Jan. 1, and the amount of each class
outstanding July 1, 1873, were as follows :
Range since Jan. 1.
> ,——Amount’July 1.—s
Highest.
Registered.
Coupon.
112 Jan. 11' 116% Apr. 25 $130,937,600 $69,062,400
114% Jan. 4 119 May 24 192,772,600
114% Jan. 3 123% June 9
90,808,750
112% Jan. 3 118% Apr. 28 ”25,585,450 187,481,650
6 118% Apr. 30
113% Jan.
34,691,700
34,118,300
36.317.500 119,149,950
113% Jan. 2 120% Apr. 29
112% .lan. 4 120% June 13
58,434.250 148,427,250
90.500.500 224 514.050
113% Jan. 2 121% May 28
13,991,000
113% Jan. 2 120% June 10
24,344,500
109% Apr. 17 115% July 14 140,223,750
109% Jan. 2 115% Jan. 25
54,343,550
64,623,512
112% Apr. 1 116% May 31
,
Lowest.
5e, funded 1881.... coup..
6s,
6s,
6s,
6s,
6s,
6s,
6s,
6s,
1881
1881
reg..
coup..
coup .
5-20’s, 1862
5-20’s, 1864
coup..
5-20’s, 18r*5 .....coup..
5-20’s, 1865, newcoup..
5-20’s, 1867.
coup..
5-20’s, 1868....'. .coup..
5s, 10-40’s
reg..
5s, 10-40’s
coup..
6s, Currency
reg..
dem.
Ang. 1. July 12 to Aug. 4.
Aug. 1. July 12 to Aug. 4.
Aug. 1. i July 23 to Aug. 4.
Friday, July 18, 1873—6 P. M.
Financial Situation.—There has
fair
U. S. 6s, 5-20’s, 1865.
U. S. 6s, 5-20’s, 1867.
U. S. 5s, 10-40’s
New 5s
July
July
3.
degree of activity this week in the financial markets,
considering the season of the yeer, and business in stock* has, at
times, been quite animated.
Our local money market con¬
tinues to be quite easy at 3(5)4 per cent for call loans, if we except
a slightly increased
activity on Thursday, when the larger busi¬
ness in stocks created more demand for money, and advanced the
rates to 4 and 5 per cent.
The last Bank statement showed a large
increase in the deposits against a moderate increase in specie and
a decrease in
legal tenders, and this had the effect of diminishing
the excess above legal reserve, which has hitherto been on the
increase for a number of weeks past. The circumstance has no
special significance at present, while our market is so abundantly
supplied with loanable funds, but it seems worthy of mention as
the first appearance of any halting in the Summer accumulation
of money and swelling of the bank reserves.
The export
movement of gold naturally depletes the specie line of the
Banks, and the extent of the outward movement of coin
during the next six weeks, is an important element to be con¬
sidered in estimating the probable surplus of the bank reserves
at the beginning of September next.
The excess of specie and
legal tender reserves in bank, above the 25 per ceDt of liabilities
required by law, was $16,435,725 on the 12th instant, against
$13,420,500 July 13, 1872, and $18,554,843 July 15, 1871. Time
loans of money, secured by collateral, are quoted as follows : 60
days, 5^6£ per cent; 90 days, 6@7 per cent, and all the year
7(3(7, gold, per cent.
For commercial paper of short date there is a good demand,
and some prime names have sold as low as 5^ per cent; but
on paper running 3
or 4 months, there is a tendency towards higher
rates, and buyers are only willing take it from 6 to 7 per cent.
Cable despatches of Thursday announce a further reduction of
i per cent in the Bank of England discount rate, bringing it to
per cent, and an increase for the week of £37,000 in the bul¬
lion gone into bank. The Bank of France gains 1,000,000 francs
in specie.
The last weekly Clearing-house statement of New York city
banks, rendered July 12, showed a decrease of $362,275 in the ex¬
cess of reserves above the
legal requirement, the whole of such
excess being $16,435,725.
The total liabilities stood at $266,203,700, and the total reserves at $82,987,900.
The following table shows the changes from previous week
and a comparison with 1872 and 1871:
a
16.
15.
115% *114% *115%
July
Aug. 1.
•
July July
Closing prices of securities in London have been as follows
Aug. 1.
Aug. 1.
5
paid
dem.
ondem.
on dem.
" on dem.
on dem.
on dem.
on dem.
3%
5
7
5
6s,
14.
119%
*116%
*117% *117%
119
*118%
*117% 117%
118% 118%
118% *118
115% 114%
coup. Mar. & Sept. *114% *114% 114%
reg. Jan. & July. *114% 1H% *114%
6s, 1881....
6s, &20’s, 1862
6s, 5-20’s, 1864
of bonds
Aug. 1. July 18 to Aug. 6.
4 free.
...
coup. .Jan.
coup. .May
coup. .May
coup. .May
5-20’s, 1865
5-20’s,1865 new,coup. Jan.
5-20’s, 1867.... coup., Jan.
5-20’s, 1868
coup. .Jan.
10*40's
reg. Mar.
July
12.
period.
5s, funded, 1881, ..coup. ...Quarterly.
6s, 1881
reg. Jan. & July.
The range
been declared daring the past week !
Company.
July
Int.
*
DIVIDENDS
The following Dividends have
been
[July 19, 1873.
.THE CHRONICLE
78'
11.
18.
:
-—Since Jan. 1.
/
Lowest.
\
Highest.
93%
91% Apr. 18
94% Apr. 3
93%
93%
93%
92% June 13 94% June 12
90%
90%
88% May 20
90%
92% Jan. 81
90%
90%
89%
88% May 19 91% Jan. 31
State and Railroad. Bonds,—Transactions in Southern State
bonds at the Board have been chiefly confined to Tennessees and
93%
93
Virginias, the former showing considerable firmness.
bonds have also
Bank in this city is
bonds of the State
Missouri
shown/some movement. The Fourth National
now/paying
of
interest on the gold quarterly
Georgia, issued under Gov. Bullock’s
administration, which have been for a time in default, and the
payment is favorable for Southern State credit.
In railroad bonds business at the Stock Exchange has not been
laige, but there has been considerable inquiry for miscellaneous
bonds, sold principally through brokers. Agents for new railroad
loans, now offering, also report a more satisfactory business.
Union Pacific securities continue to be depressed by the operations
of the Government, although it has been stated that the notorious
suit now pending under the recent law of Congress,‘(would result,
if successful, in recovering money from the Credit Mobilier parties
and others not entitled to it, and restoring the same to the com¬
pany.
This view, which is set forth at length by the Washing¬
ton correspondent of a New York Daily,is, at least, worthy of some
consideration.
The financial agents of the Union Pacific issue the following
statement of its land department: Sales—June, 1873,10,712 57-100
acres for $53,198 49 ; average per acre,
$4 96; total sales to end
of June, 1873, 736,045 14-100 acres for $3,171,818 30j average per
$4 30; lands belonging to the company remuining unsold,
Land Grand Bonds—Total amount
11,343,954 86-100 acres.
issued, $10,400,000; less bonds canceled by land department,
$1,323,000; bonds bought by trustees, $352,000—$1,675,000 ;
leaving bonds outstandingr $8,725,000. Land. Notes on Hand.—
June 30,1873—Principal (interest not included), $1,587,281 53.
acre,
*
1873.
Loans
July 5.
ana
Specie
July 12.
\
Differences.
1872.
July 13.
1871.
July 15.
dis. $286,905,800 $288,174,500 Inc.. $1,268,700 $296,597,800 $301,342,233
33,551,400
34,658,000 Inc..
27,291,800 Inc..
238,916,900 Inc..
1,106,600
28,223,400 19,958,280
15,600
27,466,400 30.380,961
6,547,500 245,508,000 257,532,294
Legal tenders.
48,329,900 Inc..
161,900
53,440,700
70,574,876
United States Bonds.—The market for
government bonds has
continued firm on a moderate business, the scarcity of bonds pre¬
Circulation....
Net deposits..
27,276,200
232,369,4G0
48,168,000
venting pnrehasers from filling any considerable orders at current
prices. Additional strength has been given to the market this
month by the increase of the home demand, which has been con¬
siderable, and has stimulated the inquiry for the registered
issues.
It was announced this week by the Syndicate that the German
Government purchased in London, on Monday last, $2,000,000
more ot United States new fives, in addition to
their previous
purchase, which we noticed a short time since. As to the pay¬
ment of the {Alabama
Treaty money it does not yet appear to be
definitely settled that it will be transferred through the purchase
of United States bonds,
notwithstanding the various reports to
that effect. On Wednesday the total offerings on the
Treasury
advertisement to purchase $500,000 five-twenties amounted to
only $323,150, of which $207,850 were accepted.
Closing prices daily have been as follows •
.
July
6* Tenn., old
6s Tenn., new.....
6s N. Car., old....
6s N. Car., new
6s Virg., old
do
consolid.
do
deferred.
6s S. C., J. & J....
6gMissouri...
July
12.
14.
*80
.
80%
*70%
July July
July
July
15.
*80
16.
17.
*80%
80%
*80%
*•42%
*42
*79%
*27
*42%
*52%
*10%
*42
*52%
*10%
*10%
*15
*15
80%
*27
*42%
81
*80%
*27
*15
»
*53
*10%
15
*93%
100%
83
*
,
.
•
,
53
,tf
*
;tf
*
-
53%
10%
....
.
....
Since Jan. 1.——r-.
Lowest.
Highest.
77% Apr. 13
78% Apr. 16
26
June 18
16% Apr.
«
*42%
53%
*10%
94
93%
93% [93%
*93%
Cent. Pac., gold..
100% ■100% 100% 100% *100%
82
82
Un. Pac., 1st
82%
81%
81%
L’d Gr’t *69
do
•70
70
70
*69%
70%
do
60
Income. *59%
59% *58%
59% *59%
Erie 1st M. 7s
*103
*103
*101% *.102% *102% *102%
*107
*107
*107
N. J. Cen. 1st 7s.. *107
*107
*107
*103
Ft Wayne 1st 7s.
106
*105
106%
103
Rock Laid 1st 7s
102*:
....
,
18.
.
....
4
86
86
Mch. 19
Mch. 17
34% Jan. ,30
19
Jan.
4
43% June 6 49 Feb. 7
52
Apr. 3 56jk Mch. 17
10% June 26 15% Jan. 2
May 23 23
July 2 97
Jan.
2 104%
July 8 89
67% June 2 80
57
June 21 83ik
101
6 103%
Jan.
102
Mch. 15 107%
102% Jan. 6 109%
15
92
99
81
100
J an.
6
Jan. 20
June 28
Feb. 10
Feb.
Jan.
4
6
Jan. 6
Apr. 25
July 1
Apr. 8
106% June 17
This is the price hid, no sale was made at the Board.
Stocks.—The stock .market
prices generally buoyant.
the favorable influences
affecting the prices of several leading stocks, and the buoyancy
in these has spread to the general list. Lake Shore is active
under the new presidency, as the confidence in Mr. Vanderbilt’s
management of railroads seems to be unlimited; it has also been
reported that the road would be leased next Fall to the New
York Central, and the 8 per cent annual dividends be guaranteed.
Western Union Telegraph has bean strong under the control of
the Vanderbilt party, and on the rumor that $6,000,000 of stock
belonging to the company would be distributed soon among
stockholders. Pacific Mail stock has been firmer, though the
company’s statements are anything but encouraging, and repre¬
sent that they are in pressing need of money, to obtain which
they will sell several of the least useful steamers, and mortgage
their San Francisco real estate for $700,000.
The Atlantic & Pacific Railroad was enjoined from paying the
regular dividend on Pacific of Missouri stock, but it is believed
that the injunction will be of short duration.
The Milwaukee &
St. Paul report for the year 1872 has just Jbeen iss.ued, and a full
abstract thereof is. given on a subsequent page.
At the advance made in prices there was a good deal of
selling to-day, but without the effect of weakening the market to
any great extent, and there was a steady feeling at the close.
Railroad
and Miscellaneous
has been decidedly more active and
The improvement is apparently due to
.
The
follows:
daily highest and lowest prices have been as
Julv 12.
N.Y.Cen.&H.R. 103% 103%
Harlem
*127 129%
59% 60%
Erie
do pref
73% 73%
Wabash
Northwest
pref.
74
91%
92%
69%
69%
92
69%
69
81
Tuesday, Wednesday, Thursday,
Frida;
July ’.8.
July 17.
July 16.
July 15.
103% 104% 101% 104% 104% 104%
103% 103%
128% 128% 128% 128% 128% 128%
128% 129
58
59%
58% 59%
59% 60%
60% 61
Monday,
July 14.
103% 103%
128% 129
60
60%
Saturday,
lav,
Lake Shore....
69%
69%
81%
110%
52%
•72%
25%
39%
103%
2%
99%
81
92% 92%
92%
70%
69%
81%
110%
70%
71%
69% 70%
'81
81%
110% 110%
52% 53%
*71
*71
73%
*73
92%
70%
71%
69% 70%
81% 81%
110% 111%
53% 53%
71
74%
25% 25%
40% 40%
103% 102%
2% 2%
101% 102%
41% 42
94%
71% 7!X
70% 71%
82
82
....
93 %
93% 94%
70% 71%
69% 71%
93%
...
110
pref....
52%
73%
At.& Pac..pref.
Ohio & Miss...
110%
52%
73%
25%
89%
103%
2%
100
84
82%
39%
Paul
gt.
do
25
Central of N.J. ‘103
2%
Boat., H.& Erie
99%
Del., L. & West
Han. & St. J os.
prof.
do
Union Pacific..
Col.Chic.&I.C.
Panama
West, Un.
Tel.
Quicksilver....
pref.
Pacific Mail....
Adams Exp
do
...
60
28
27%
20% 30%
110% 110%
86% 86%
*
40
»* * *
7!
•
•
•
•
*!«% 99%
54% 51%
Maryland Coal.
*22%
This is the price
24
CO
follows
•
•
•
38% 39%
95
95
•
*63% 64%
*51
*22
55
*22
•
•
.
71
•
24
; no
71
75
*71%
*
72
88%"
pref
62
68%
....
Rock Island
St. Paul
At the Treasury sale of $1,500,000 on
amounted to $3,630,000. Customs receipts
53
Highest.
Apr. 16 106% Feb.
Jan. 6 140 Apr.
July 18 69% Feb.
May 5 82 Feb.
Apr. 16 97% Feb.
Apr. 16 75% Jan.
July 11 85 Feb.
91
80% July
Feb.
1
104% Apr. 16 117% Mch.
68% Apr. 17
Atlantic & Pacific pref.
Ohio & Mississippi....
Central of New Jersey.
July
18
1
62%
79%
38%
49%
106%
10%
Apr.
Jan.
Jan.
Jan,
June
Feb.
36% June 11
96
Apr. 8
Boston, Ilartf. & Erie.
2 June 3
Del., Lack. & Western. 93 Jan. 7 1% June
Hannibal & St. Jo
32 June 11 52% Feb.
do
do
pref. 54 June 2 71% Jan.
Union Pacific.
June 20 39% Jan.
22
Col., Chic. & I. C
26% June 11 43% Feb.
130
Jan.
Panama..
95 ~ Feb.
West. Un. Telegraph.. 77% Apr.
94% Feb.
46% Jan.
Quicksilver
36 May
do
pref
....
Pacific Mail
Adams Express
American Express
47
47
United States Express.
34%
92%
61%
70
Wells, Fargo & Co
73
Canton
90
43
Consolidated Coal
•
40
.'.
•
35%
*94%
61
39%
«
#37%
95
64
*63”
75
*74
102
50
....
,71% 71%
55
22
22
32% 33
110% 111%
89% 90%
*.... 39%
39% 91%
*36
62
102
89%
91%
64
71% 71%
75
105
*74
*101
55% 55%
24
55% 55%
*22% 23%
—Whole year 1872.Lowest.
Highest.
89
Nov.
101% Apr.
July
Apr.
July
Feb.
July
70% Jan.
Latest
64
Nov.
230
66% Jan.
83% Nov. 11 102
11 101
Nov. 11 118%
Nov. 11 64%
21151
2t! 72% Nov. 11 83
29
24 40 Nov. 11 51%
4 113%
'OS
Oct.
i
3,% Jon. 2 11%
91
Dec. 13 112%
Nov. 11
Sep. 18
23
44
2S% Jan.
19% Jan.
59%
71%
42
5
5
2
Nov. 23
Nov. 25
2
1
Apr.
Apr.
Jan. 20
each day
Apr.
Jan.
May
Mch.
Jan.
Jan.
Apr.
May
Oct.
1
15
18
16
17
19
1
21
j
Jan.
30
Jan.
59
13
2
18
6
i
70
Jan.
99% May
80% May
88% July
95
May
6 107
are as
earnings reported.
Atlantic & Ot. West. 1st week of Jubr.
Atlantic & Pacific... Month of June.
$95,376
Bur.,C. Rap.& Minn. Month of June.
96,696
Central Pacific...... Month of June.
98.800
1,313,790
follows
:
Jan.l to latest date
1873.
1872.
1872.
$89,149 $2,537,982 $2,422,780
96,567
74,212
613,320
482,035
1,138,272
6.320,787
102,837 2,590,841
Chicago & Alton
1st week of July.
104.408
Chicago & Northw.. Month of June. 1,292,143 1,070,460 5,997,670
373,619 2,060,391
Clev., Col., Cin. & I. Month of May.
394,485
Erie
337,535 9,520,523
1st Week of July.
344,516
Month of June.
659.362 3,752,048
Illinois Central
724,983
697,318
109,868
136.178
Indianap., Bl. & W-. Month of June.
315.363 1,650,744
Month of June.
Kansas Pacific
312,614
263,359110,173.940
Lake Sh. & Mich. S. 1st week of July.
328,052
Marietta & Cinn
Month of June.
154,587 1,075,273
185,953
505,314 3,672,050
Michigan Central... Month of June.
608.955
120,487 3,814,383
Milwaukee & St. P.. 1st week of July.
196,700
150,574 1,184,094
Mo., Kans. & Texas. Month of May.
251,355
151,945 1,398.556
Mobile & Ohio
Month of June.
148,691
262,326 1,823,753
Ohio & Mississippi.. Month of June.
282,302
286,738 1,729,043
Pacific of Missouri.. Month of June.
272,600
216,354 1,290,987
St. L., Kans. C. &N. Month of June.
199,958
42,333 1,203,031
St. Louis & Iron Mt. 1st week of July.
43,570
717,509
17,888
St. L., Alton & T. H. 1st week of July.
18,999
295,876
do
branches. Month ;of June.
35,545
48.895
522,519
82,664
Sl. L. & Southeast.. Month of June.
119,019
102,653 2,763,770
96,104
Tok, Wab. & West.. 1st week of July.
514,189
409,964
5,508,616
2,338,993
5,380,987
1,788,519
9,332,581
3,612.637
651,342
1,651,754
8,727,538
904,931
3,254,775
3,044,048
536,236
1.331.226
1,617,473
1,663,470
1,374,184
1,101,466
686,573
240,402
1%@2 per cent for 60 (lays, at prices
Puts below. Calls above.
Central & Hudson..
1 @2
%® %
Lake Shore...
%@ %
l @2
Rock Island
2%@4
1%®2%
Erie
;.. 2% *4%
1%@2%
Pacific Mail
3 @1
2%@5
Northwestern
%<& %
do
pref. lX<2i2
2 r</3
West. Union Tel-.
1%@2
2 @4
Ohio & Mississippi. %@L%
1 %®2
varying from the market as Calls above.
foHows :
Puts below.
Union Pacific
Wabash
%@1%
B. H.& Erie
St. Paul
do
pref
Gold % p c tor 30
Gold % p c for 60
1
@2
1%®2%
1
<31 %
1%@2%
%® %
lk@2
%@ %
1%®3
1%®2
1%@3
1 @1%
1 @1%
Col., Chic. & I. C.... 1
ds
ds
%@ %
%@ %
active within a
The closing price in our last re
Tine Gold Market.—Gold has
been tolerably
of fluctuations.
port was 116, and the range since then has been from 115| to
116£, closing to-day at 115f. There has been some sharp con¬
tention between the respective parties on the bull and bear sides,
each party claiming that their movements were warranted by
the situation of the market. In favor of an advance it is’claimed
that the export movement and the “ short ” interest are sufficient
to justify higher prices; while on the opposite side it is alleged
[that the present supply and the regular additions to it, together
with the Treasury influence against higher gold, are sufficient
to keep down the price.
The exports of specie last week footed
up $4,124,588, of which $3,012,000 was American gold coin ; this
week the shipments of coin have thus far been $1,900,000, with
$1,000,000 more reports cLfor to-morrow, though the latter seems
doubtful in view of the lower prices of exchange.
The rates paid for carrying, to-day, were 3|, 4, 3, and 2 per
cent.
Time loans of gold have been quoted as follows: 30
days 1-16@£ for carrying, 60 days “ flat” to 1-16 for use, 90 days
Current week
116
115% 116%
Previous week
115% 115% 116%
Jan. 1,1873. to date... 112% llT% 119%
115%
116
115%
116 '
115%
115%
Balances.
,
Gold.
Currency.
$2,886,794
1,662.087
1,303,392
1,809,213
2.479,522
1,728,765
$3,950,585
1,922,054
1.518,665
2,274,737
3,293,510
2,008,490
115% $282,048,000 $1,728,765 $2,003,490
116
219,136,000 2,581,114 3,033,659
115%
Foreign Exchange.—The exchange market has been more
active and closes at easier rates. A reduction was made yester¬
day in the rates for prime sterling and again to day, and leading
bankers are now asking 109f for 60 days, and 110£ for short-sight,
with a commission off in most cases, while sales in second hands
have been made at lower prices.
Of the N. Y. Central & Hudson
bills endorsed by a banking firm here, a sale of £100,000 shortsight is reported at 110 less £. One report has it that the leading
bankers have lowered rates for the purpose of buying bills them¬
selves, though this is hardly probable. There have been more
bills on the market lately, some of them against loans negotiated
abroad, and the considerable shipments of coin must also
diminish to that extent the demand for bills. The revised rates
for foreign exchange are as follows :
Paris
3 days.
60 days.
109%® 109%
109%@109%
108%®109
prime bankers
Good bankers’ do
London
commercial
(bankers).
110
@110%
....@110
5.18% @5.19%
5.13%@5.15
....@
40%@ 41
97%@ 97%
41 %@ 41%
97%@ 97%
73 @ 73%
5.23%@5.24%
5.20 ©5.21 %
—
Swiss
Amsterdam
@
40%@ 40%
Hamburg
96%@ 96%
...
41%® 41%
96%@ 96%
Frankfort
Bremen
Prussian thalers
72%® 72%
week at the Custom House and Subfollows:
The transactions for the
Treasury have been as
-Sub-Treasury.-
Custom
July 12....
16
Payments.-
-Receipts.
House
Gold.
Receipts.
$280,000 $1,413,682
349,000
1,261,258
1,546,149
491,000
1,125,833
344,000
688,520
503,000
513,003
1,090,545
Gold
Currency.
Currency
$554,111 34
$512,798 85
39
74
86
09
60
$583,376
421,843
326,445
317,729
429,283
83
24
41
30
65
452,236 62
402.398 86
1,427,509 79
980,249 10
222,773 92
308,612 38
639,948 01
682,406 68
11
2,198,959 01
1,824,969 95
333.631 90
Total
$2,480,000
Balance, July 11.... $38,932,386 63 $25,692,621 54
Balance, July 18... $40,596,525 70 $27,090,462 04
New York City Banks.—The following
the condition of the Associated Banks
week ending at the commencement of
Banks.
New York
Manhattan Co
...
2,050,000
8,000,000
2,000,000
1,500,000
3,000,000
1,800,000
Union
America
Phoenix
1,000,000
1,00(1.000
600,000
City
Tradesmen’s
Fulton
300,000
Chemical
1,235,000
Merchants’ Exch’ge.
Gallatin, National..
1,50(1,000
800,000
600,000
Butchers’&Drovers’
Mechanics*; traders
7.574 000
5,494.000
3,223,800
1.754,800
6,703,(XX)
3,282,500
3,526,600
2,540,300
1.845,000
1,122,400
3,264,900
1,182,400
4,930,200
10,629,70)
19,662,000
Mercantile
Pacific
1,000.000
422,700
Republic
2,000,000
4,438,8(10
1/77,100
1,000,000
Broadway
Chatham
3
450,000
412,500
People’s
1.000,000
1.000,000
5(0,000
North America
Hanover
Irving
4,000,(00
Metropolitan
Citizens
Nassau
Market
St. Nicholas
400,0(0
1,600,000
1,000,0(0
1,000,000
Shoe.aud Leather..
Corn Exchange
Continental
Commonwealth
1,000,000
1,000,000
2,606,000
750,000
Oriental
Marine
Importers’& Trad’rs
Park
Mech. Bank’g Asso.
Grocers’
North River
East River
Manufact’rs’ & Mer.
Fourth National....
Central National...
Second National....
Ninth National ....
First National
Third National
N.Y. National Exch..
Tenth National
Bowery National...
New York Co. Nat.
German American.
Total
.
300,000
400,000
1,500,000
2,000,000
500,000
300.000
400,000
350,000
500,000
5,000,000
8,000,000
300,000
1,500,(GC
50C,(03
1,000,000
500,000
1,006,0(0
250,6(0
200,000
2,000,000
1,006,000
£62.400
9,7=5,000 1,405.200
277,400
5,448,000
784.500
4,829,000
8,261,300 1.956.600
676.600
3.918,400
200,000
600,000
500,000
2,000,000
5,000,000
10,000,0iK)
Greenwich
Leather Manuf
Seventh Ward
State of N. York.. .
American Exch’ge.
The
business
Capital. Discounts.
$3,(00,000 |12.722,200 $4,123,300
<
Merchants’
Mechanics’...
Dry Goods....
statement shows
of New York City for the
on
July 12, 1873
AVERAGE AMOUNT OFNet
Loans and
Legal
Tenders. Deposits.
i>ep<
Specie.
,
Commerce
2,815,749
Lapsley & Bazley, 74 Broadway and 9 New street, quote stock
“privileges” (signed by responsible parties) 1®1% ner cent premium foi 30 days
limited range
12....116 115% 116%
14 ...115% 115% 116
15 ...115% 115% 116
16 ...116
115% 116%
17.... 115% 115% 116
18 ...115% 115% 116%
Saturday, July
“
“
Wednesday/1
Thursday, “
Friday,
“
Monday,
Tuesday,
Oct.
M
rlCb.
28
reported
1873.
.
Total
Clearings.
$93,589,000
44,825,000
30,031,000
32.632,000
47,262,000
33,709,000
"
Roads.
and
-Quotations.-
Open- Tow- High- Closing.
est.
est. ing.
Oct.
103% Oct.
60% Jan. 11
50% Jan. 4
May
58% Apr.
59
gold premium
table will show the xourse of the
of the past week:
Antwerp
42%
148%
26
07% Sep. 18 82% Dec.
13 49% Dec.
25% Jan.
Jan.
72
[
86
Apr. 25
75% May 20
May 20
98% Mch. 30
80% Apr, 4
83% Nov.
88% Sep.
110
2
87
Jan.
Jan.
82
Jan.
Maryland Coal
20 Jan.
The latest railroad earnings
Feb.
Mcli.
30
60
| 53% Jan.
76% Feb.
100% Jan.
Apr.
130
Feb.
57
May
107% Feb.
Thursday the bids
of the week have
been $2,480,000.
The following
28% 28%
110
110
41
sale was made at the Board.
49% June 11
pref
41
*...
42
60
27% 28%
32
32%
94% 102
55
21
Jan. 1 to date 1873.-
53.
Northwest
2% 2%
101% 101%
40
*....
from Jan. 1, 1872, to this date has been as
97%
...114%
.
3
*23i
100% 101%
95
64
72
73
99%
Lowest.
dO pref
Lake Shore
Wabash
*....104
37% 35%
*94
*63
111%
53%
74%
25%
41%
-.... 101
51
....
....
71%
25% 25%
40% 40%
28%
32% 32%
111
*110% 111
87% 33%
87%
39% * 39% 39%
28%
32%
53%
74%
23%
40%
74
60
60
28
62
*73%
*98%
»
Harlem
Erie
do
•
*70% 71
*75
75%
*98%
N. Y. Cen. & Hud. R...
do
•
42%
*....
38%
•*63
bid and asked
The entire range
40%
41%
60
....
*70
*75
W,
40
95
*63% 64%
103%
2V
42%
•
United States..
Wells, Fargo..
40
103 K
28%
27% 28%
30% 31%
31%
*110
110% 110% !
86% 86% * 86%
37% 37%
*94
25% 26
101% 101% 102%
59
American Ex..
*
•
74
71
103%
2%
41
60
40% 41%
60
52%
73%
26%
40
111
110% 111%
53
53%
all the year 1@1£ for use,
for use, 4 mos. |@1 p. c. for use,
and for 6 months |@1 per cent.
41
7
8
do
Bock Island
79
THE CHRONICLE
July 19,1878. J
1,614,700
192,8"0
123.500
362.500
73,460
332.800
25.500
16.500
293,900
52.300
436,700
1,562,000
1,892,(00
5,226,700
835.200
5,000,900
2,217,100
1,400,100
20,100
1.697.600
193.800
6,200
276.300
8 378,400
3,133,400
2,728,060
10,85* ,800
1,452.300
1,926,700
2.933,900
2,408,600
3,528,000
2,813 500
2,622.2)0
1.845,200
1,543,800
2,310,800
13,983,705
15,604,600
1,390,500
734 000
975,800
1,070,900
1,022,000
26,217,500
9,837,000
1,769,810
6,318,700
4,103,900
6,673,6’0
1,210.100
1,770,300
1,181,000
1,130,300
5,452,000
2,831.460
908.600
$497,000 $13,204,000
1.829.900
6,385 800
8.676.900
1.641.600
1,093,10.)
3.670.700
424.900
3.165.400
:
Circula¬
tion.
$810,600
9,700
870,300
47S.200
545 200
3,090,100
475.400
1,200
517.400
591,000
467.700
4.120.900
1.772.200
752,200
539,71’0
1,367,000
978.700
1.463.900
5,058,700
2.844.600
445.100
564.1(0
1.826.900
485.100
741.500
374.500
2.143 200
238.800
1,295,510
1,096,600
2.691.500
195,700
2,700
25^,300
170.300
527.800
954,400
3,115,700
900,000
475.800
1,554,400
161.900
421.100
262.700
1,417, .300
1,032,500
4,049,400
245.600
461.800
303 (00
260.800
479.200
249.500
213,000
6.917.800
926.100
4.115.200
6.574.200
9,060,200
3,397,000
4.423.500
1.505.200
3.892.800
2,229,000
1.317.500
856.300
131.500
5,600
328.200
406.100
2,94G,000
2.389.700
2*93,8U0
84,5(0
1.570.600
670,000
2,721,000
665.700
339,6!)C
6.819.100
1,349,660
178,900
1,170.560
2'2.5C0
1,762,10G
1.880.100
85,2C0
S6.800
82.500
3(9,860
,2(8,300
437,300
256,800
575,000
269,000
210,660
503,760
201.500
82.200
265,000
29,(00
8,600
203,000
331.800
422,560
3.538.900
1,622,100
231,100
4,3S6,700
259.600
3,400
142,• 00
17 100
232.900
297.700
193,000
21,200
4,000
5,033,400
34,000
410,700
1,272,4(0
726,9(0
6,600
171,200
6.200
398,8(6
7.400
2,3^4.600
S,135,000
448,000
2,102.7’ 0
270.400
1.150.600
250.700
212.600
S0l,(X0
1.172.600
2.706.800
1,317,6(0
1.312.800
1,676,9’ G
1.249.900
1.933.400
14
548,700
20,613,200
1,38'.),700
130.7u’J
8,906
357.500
737,506
777.200
5,(00
578,10C
233,000
4,100
360.000
493.200
884.300
306.500
612,600
882,900
798,400
847.100
224,500
22/40 600
2,(26,900
9,023.000
1,549.1(0
6.651.900
1,403,4(0
267,000
592,4(0
4.830,000
813.290
6,418,560
774,300
783,500
266,900
285,3(0
6’4,400
964,0( 0
916,90
180,000
952,9(0
5.256.700
298.400
1,928 600
885,700
225,000
$34,120JiC0 $283,174,500 $34,658,000 $48,329,900 $238,916 900 $27,291,800
deviations from the returns of previous week are as
follows:
Loans
.
Tenders
Toe lollowinu;
Net Denosits
Circulation
Inc. $;,*?6S,?00 I
Inc.
1.106,6« 1
Inc.
16 ,9 H> 1
...
Specie
Lega
the totals for
; are
Inc
series of weeks past
a
Loans.
.721.1 "l
May 3
31.1
ID...
19,»52.i.OO
25,984,800
3 .551.400
41,94 4,3 0
43.1*)2,*2"0
42 75*2.900
44,3.1 ,3 0
45.30 .0*0
46 397, 09
4*i..04,,(R»
49. lit.(ilk)
48.168,0 H)
288,174.509
..,
.
34.)5S,0J0
48,3.9.90C
Mu* 3l.
Jui'C 7....
J in e ;4..,
Juno 2(...
Jnne *28...
.
,
,
.
,
5
196,171.ml j
U.677,si 1
20,261.6 0
*277.95 1.8 0
277.415 SOU
vii. 14-0*
(RJ
218.9"
2Si.50- 600
28‘i 9* 5 8O1)
May 17
May 24...
.
Specie.
27
274.687,9 n
*218.071,100
*279.016,3 *
....
...
i‘2...
Boston
2 *.•'*98.900
2 ,68*2,600
2 .96 ,*>00
2;,.:ns,3ou
21 6 1,5*10
Banks.—Below
we
National Brinks, as returned, to
July 14,
1&3:
ColUiqhian.
Continental
Elioi
*2)R'.fHRi
E* crctt
Kaueuil Hall
l.tW/RNJ
F're,ei*iiiufs
300.(DO
l,lRH).iHRi
Ului'O
li unillon
Howard.
75(),(NR)
New England..
North
OM Boston
Shaw.nut .7
e
Saoe & Leas her
15.61*0
2 200
69.200
75.100
3.3*M.5:0
2.216 (i n
8 ate
2.3M>.8.0
2.47 :.9u0
3.5a ,2;!C
Washington
First...
Second (Granite)...
Third
Bank of Commerce
Bank of N. America
B’k of Redemption.
15 ink ol Republic...
..
Exchange
Jw ^catiier
II:vere
S •curity
i' iion
Webster...
Ci'iTtral
Manutaclurcrs
3,‘00
588 8 ii
822 (>(*0
633,80(1
243,700
174 IKR)
?52.0*;0
73 *.500
791,Oio
547.7 0
-
1,3*26.800
765,30*0
! 17,300
505.'Oil
5:53.2 1)
i.(7U7.3U0
651.4* *0
352.9 0
301 .Soli
210 60(1
1,247 400
780,n 0
716,9* 0
473.110
1,085.-00
6) u,8l*0
2 534.800
4 3.400
437,000
351300
411 *0"
240,400
1,5.66 810
174 3oo
1,015,4(0
1 561.500
1 414.100
773.8 0
546,800
S22.400
588.41k)
1,199,200
5)9.200
£(3.090
196.2 0
30a.H*JU
191.non
23'.5(0
95 i,nOO
87 1.6(H)
40, *0
(6,200
21.300
3 7-.OiiO
7,95!,900
57,3 0
944,3 0
733.900
175 TOO
681.90 1
677.690
63 5 !(7
5.87,900
2.000
1.1 2.2*10
3,500
2S7.200
256.; HO
569,400
1,475.1(0
2 024,200
1,429,2* 10
2,1*8 l,2iJ0
701 Son
65,0,)0
8M.50U
605.7.0
141.8 0
16,o(0
83.400
413.9i.RJ
1*
137.5: IQ
174 600
5.875,7b)
o.l '4.200
7.911.7(1,)
2.072.4(H)
1.305.400
3.406.700
4.607,4*10
858,‘JnO
2.54; ,8, *0
2.609.600
2.557 C-i 0
12, GO
4.3GO
150.9 ID
768.5(H)
169.5(H)
75 5.500
732,400
567.500
75*3,9* 0
7930300
677,700
441.7(H)
970,200
831.6(H)
79U,6un
486,709
1,266.: 00
IS) 300
155,5 O
212,360
6:9 3, 0
211 9 0
43S 960
1C0,0(H)
1.065,5(H)
2(15.500
315.It 0
(72,rno
43,300
5.7(0
30,600
726.7(H)
169.(701)
3.5(H)
1.300
(.9.4. *0
1.1 89 '09
73,400
23,0(10
79)7.20 I
532 200
500,(HH)
1,18!,5* 0 *
149,200
72.860
149.8(H)
!l*2 2(HJ
8(10
4-0.91 )0
5,142.00
1.256.100
1.5(H).(RK)
500.0(H)
5tH?.(H*0
C vmnouwealt.ii
1,714.46*0
769.4- 0
788,700
926 100
27.600
233.8 0
1*6,2) 0
259 9 H)
3.557,4. )0
1.8'2 3 0
4.125.000
5.1 76.9;.0
1,518.6. >0
2,(NR).(RRt
l,0)0,*J00
1,000.1 NX 1
1,500,000
l.O!H).(K)0
1,(RH),000
1,IKR).(RX)
l,500/)00
2,(XH).(NR)
2(H), (R*0
1.0(H),(RR)
City
Eagle
61 O'J'O
11*9.0 0
3,217.500
i ,553.690
600.000
2.300. DUO
7 ail. (DO
1,0(10 000
1,6(NI OPO
300,(HR)
462,657,568
131,910
8,700
2,000.000
1,500,(HR)
21,291.800
51.600
2:8.70)
1(73.0(0
1,0lR),(R'0
S uf**dk
Traders
T-emont
...
3.0*0
l.OfRl.LHlO
Mount Vernon
438.488.738
478,571, 86
25(7, !0J
73.7*10
261.2(0
128,0 0
366,70!)
1.211.MR)
1. >77.200
381.900
541.9'Rl
4S-5.(RR'
277.5*1 K)
l*»0.0i 0
1S1.60J
33,100
1.913,300
1,791.500
do
do
reg....
Perkiomen 1st m.6s,’97
Phila. & Erie 1st 111.6s, ’fcl
do
2d in. 7s. ’88
Vermont 6s
Massachusetts Hs, Currency.,
do
Os Gold, 1876..
do
58, Gold
Boston 6s
do
as, gold.
55 5. 0
211.) 00
53 5 *0
5 (DO
1,000.000
900,000
Merchants,...
New
103.000
157.300
1.554.500
2 0 8 2 )0
1.238. !(D)
6.8*) T 00"
670.3 V
2 527.700
filR) 01R)
400.000
57s,6i3,v*2
454.272,03 •
5) 0.623,8 7
43d *261,%0
5:9 43)1.103
213 40U
3 4; 1(0
191.100
,(100
3,000,(RNJ
2IKI.000
1 (KHi.lHR)
M irkcr
Missachiiso; t-s..
.Maverick
Maine os
27.2.6.2 ■"
238,916,900
1.5(6
2,264.70U
1,0U0,IXK)
St X),IN HI
2-0.39 v'*U0
22 4.040. MH)
2 '2.364.400
19.3DU
17 TOO
100
2 796,200
7: 6.2ilu
2.1*71.400
1.697.300
2 261,5i*0
7.6*24 li)0
t,(RR),0*RI
5,2'5 410
Cl5.07(i,():i3
27.147.KR)
27.43*. 00
27,402, 00
27,3 2,<HN)
27.311.400
.475.800
218,171.100
•
3.0 8.31*0
3.830.760
2.451 300
1.6! 8.2) 10
5*. 4,2 *0
2,4 ilj.i .00
1.991.9H)
600,1 HK)
*200.000
UHKJ.000
U'OO.Oi.lO
-
Pennsylva.,gen.m. conv, 1910
6.
Specie. L. T Notes. Denoslrs. Circnia.
$'3*.00(1
$2,200
$518,700
$1*3.6 )
,S *n.3(R)
J750,
1,5(N).IHJ0
1, >t 10,000
1,000.000
,7)2,300
08,18.6. M*o
2)
BOSTON.
-
v.
Hampshire,6s
110%
99%
Hartford Ai Erie, 1st M (new)?.
Ogdensburg& Lake * h. 8s—
Old Col. <fc Newport Bd8,6, ’76
do
do
Bonds, 7, 18m.
Kurland, new. 7
Stansted & Chambly 7e
Verm’t Cen., 1st Mcons.,7, ’8t
2d Mort.,7,1891.......
do
Vermont & Can., new, 8
Vermont & MasB., 1st M. 6,’8c
Boston & Albany stock.,
Boston & Lowell stock:
Boston & Maine
Boston & Providence
Cheshire preferred
West
34
do
145% 146
127%
153
.
uii.im
Philadelphia Hanks* —i lie following is the
ipuici
The
tlie average con¬
dition of the Philadelphia National Banks for the week
ending
Monday, July 14,1873:
e
Banks.
Capital.
$t,5<M,UOC
I.OoO.Oiiq
PlHlad-dphia
Loans
f5.709.:RH>
2,000,000
fi.l3%9i*u
2.5691)00
N irth America
F iniiiTsand Mech.
C mimcroial
'
Mechanics’
B ink N. Liberties.
S Hittnvark
810,000
800,000
500,000
250,ooo
250,000
50!),000
—
Kensington
B ern
’Vast err
4iK),0<H)
,....
Specie.
*21,000
i,i8(*,000
58.000
16,<5 H)
528
2,2"3,OO0
2,44*.000
1 507.0 0
Lit >,977
7.600
1,288.428
1,6;7.446
2,096.0; 0
Total net
L. Tender. Deposits.Circnlat’n.
f 4,335.0) R)
fl,'20,0OO
$1,(KR 1,000
1.038,(i; o
3,260,000
791.4i>)
1,398.500
617/HKJ
3-6,000
557,000
300,000
312,250
7.000
3,734
l,0(Hi,(NN)
oi 3,o; o
473,000
5.256.5(h)
1,669.000
1 39:).(R)0
2,072.1*00
1,4 0 (I 0
91S. 099
979.614
224 911
483,75»
4
74,(R)) j
442,000
215,000
169,209
1.660.95*2
1,197,4)3
1,000 (K.*0
250.000
Girard
S17'797
*4! i
269 04“
l.OnO.OOO
3,302.000
715.712
10,(100
8.595
IX’NJ.OOU
38*2,524
3,153,1 0()
205,215
597,(3K)
10,500
269.726
1.21*2,0.8*2
888.547
904,337
4*23.6! I
270,) NR)
Tradesmen's
Consolidation
200,000
1,594.292
300,000
1.171,170
1,47*2,142
400,000
CommonweaKh...*.
30i),(»oo
Corn Exchange.... ' 500.000
Union
500,000
Fi-st
1,00(1,000
Third
Sixth
27.60 >
7I.<’(H)
300,000
150,009
250/00
275,000
750,(HR)
1,000,000
250,000
2.059,<H.HJ
628.000
-
S-curity
3.SI7.0UU
Republic..
353 29S
'70i
1,721.000
4,1)3.000
1,(28’CO
5'8 000
?21.(>00
1.019.000
4.KO.1NR)
Seven tu
Eighth
C Mitral
Bulk of
?i>7,* 44
35*2.5: )0
34,000
84,293
5.8P ouu
3.681,090
3.>7,000
1,077.) X»0
1,570.000
22000
1
3,666
396.600
171,000
1 U,(HRJ
281.(MR)
900.0<K)
516,000
133,000
537,165
177.181
319.502
'
210,075
45(t.0(NJ
313/RR)
791,900
3.591,(NR)
1,055, raw
201.200
516. INK)
534.000
135,000
‘216,350
Shi,:mri
3.539 000
1,072,000
418,(100
284.7M)
575 000
800.000
180,000
Loans.
Specie
Le**
n 1
Tendar N’otf'R
Dare.
A o*i1 7
April I t
Anri* *.'1
A m il *23
M iv 5
May 12
’
.Dry 7
S)>ecic.
1:!().' 06
....
5'.i,i)91,431
00.180.103
Cu,5 j'2,196
Circulation
11,475.110
11,482,750
11,479,010
43.588,268
41,166,SI 4
13.641. KR)
45.992 160
192,866
172.948
322.626
14,161.463
15.377.993
15.416,348
15,250,814
15,214.558
15.267/87
14,5i3.757
47,514.085
51,833.223
50.694X57
49,656.36)
48.758.5)3
48.311,872
11.249.143
11,432.563
11,734.531
11,451,799
11,457,796
11,458,851
10,277.204
48.*2(R'.545
307,072
11.431,847
14,359,193
11)1.614
6' ,35(1,352
59.969 358
Deposits.
14,336
10,909, '41
11.452,267
11,611,739
13,456, i 77
238,94 {
236.537
122,37 l
59.8-M.W.5
61.135.011
61,735 7cl
Legal Tender.
*242.602
40.121.310
41,571,SSI
59.iHRi.411
5.1.458,900
Inc
9.663.171
10.317.071
128,271
112,160
59.117.'74
Inc
Inc.
124,244 1
57.-91.111
June *2
June 9
July n
‘
T',5'5 Circulation
5^.4* 2.873
May 19...;...
May !0
J une 23
.June 30
.
..Dec.
.Dee.
Lo-vs.
7.075.617
57 129.731
p
.1 une 16..
*14.339,493 *48 443,147 *11.446,183
week are as fol lows :
returns of previous
*■’
r'
..Inc.
*31.793 > Deposits
T.,„
:.M«
128.999
l (6 089
210,761
178,117
45.177,205
45.127.223
48,443,147
11.469.980
11 138,679
11,'20/83
11,416,183
i)i
90
•
.
•
102%
.
....
....
99
2d Mort. 1902
S5
....
co ir;
.
i...
■»
90
*
98%
ii'
r
-
.
....
92%
’77.
88
87
....
conv., ’S>.
conv., g,'9J.
....
90 %
.
80
....
...
SO
74
....
J..,
#
,
,
..
..,,
75
84
75
.
,
...J
....
..
...
....
Rutland
common
bl
do
6s, Delence
Baltimore 6s of’75
do
1884
-do
6r, I90C
do
1890 Park 6s
Baltimore & Ohio Cs of ’75
do
do
Gsol’PO...
do
do
6s ol ’ 85....
do
(N.W.Va.)2o,M 6*!
do
3d M 6.4
Central Ohio. 1st M., 6
PHILADELPHIA.
8TATK
AND CITT BONDS.
100
Pennsylvanians, coup
do
do
do
:ui
6s.’67, 5-10,1st... : ■■>)
do
10-15, 2d... 16*2%
do
15-25, 3d... :93>;
oil 97%
iou% 101
•
6s, new
6s
do
7s
do
New Jersey State
Delaware State 6s
7*2”
33%
42%
pref.. 33"
do
Parkersburg Branch
*
m
*■>%
..
pref.
Minehlll
38
Pennsylvania
Philadelphia & Trie
Philadelphia & Reading
Philadelphia & Trenton
Phila., Wilming.& Baltimore.
United N. J. Companies
Westchester
llani.Co.,Ohio6p.c. long
90
95
Dayton & Mich., 1st M., 7
40
48
39%
Lehigh Navigation
Morris
50
39%
50
125
!*()
81..
pref
Schuylkill Navigation
pref.
i } Little Miami, 1st M.,
Cin. Ham. & Dayton
j1
...
i
<1
89
89
90
62
77
67
87
88
81
75
Ind., Cin. & Laf., 1st M.,7
do
(I.&C ) 1st M.,7,1888 85
Z
.
.
94
1(H)
87% 90
87
65
c5
63
96
95
95
14
Dayton & West., 1st M.,7,1905.
do
1st M.,6,1905.
do
CANAL STOCKS.
96
93
98
2d M.,7,’84..j
do
do
do
3d M.,7,’88..
do
do To’do dep. hds, 7, ’81-’94.
Delaware Division
So
‘5
do
do
2d M.,7, '85...
51L 34%
24 >4
do
do
3d M., 8,77...
23!;!
55 %
55% Cin.. Ham.& Ind.isguar
121
121%i Cin. & Indiana, 1st M.,7
55
!
do
do
2d M.,7,1877..
lii" 122
Coluin., 2k Xenia, 1st M., 7, ’9().
....
do
lids.|
toSyrs.1
| Cin., Ham. & D., 1st M., 7, 80...
....
Chesapeake* Delaware
do
7 p.c., 1
t*ti
:u5
92
97
101
lg lids, 7 & 7.30s 100
Covington & Cin. Bridge
;
pref
do
West Jersey...
do*
do
do
do
50
27 >4
27
82
88
1(4
,
% I 55
19
River.
(IM1IN1VATI.
•••
88
37
41
Cincinnati 5s.....
do
6s
do
7-30s
61%
54
Nesquchoning Valley
preferred.
And interest..
16
41
17
31 ^i
Schuylkill
Norristown...
Northern Central
North Pennsylvania
Oil Creek & Allegheny
41
Central Ohio
do
Lehigh Valley
Little
43
20
43
4*2
19
J’ref
do
99*
98'
do 2d M., S. F.,6,’85.
91
do 3d M.f S.’F., 6,1906 S6
do 3d M. (Y. & C)6,’77
do Cons, (gold) 6,1900 90 H 9(i%
Pitts. & Connellsv., 1st M.,7, ’98 93% 94
do
do
IstM., 6, 1889
West Md,IstM..endorsed,6, ’90
do
1st M., unend.. 6. ’90..
2d M., endorsed, 6,*90.
do
175
Oiiio stock..
Baltimore
no
•RAILROAD STOCKS.
Harrisb’g. Lancaster A* C
Huntington & Broad Top.
i*i
6,1883
stock..
...
..
Columbus & Xenia stock
Dayton & Michigan stock
86
?2
91
f;0
90
162
43
:uj%
44
do
8p c.st’kguar 104%
Little Miami stock
102^
Union pref
KAILKOAD BONDS.
93%.
Alleghany Valley 7 3-10s, 1896.. 93
I*OlJISVIM*E.
BelvidereDelaware,1st mfi.'ll 92
| Louisville 6s, ’S‘2 to ’87
84
do
do
2d M.,’35
do
do
3d M.,’87 82% El
do
6s,’97 to’98
do
Water (is, ’87 to ’89..
Camden & Amboy, 6e, ’75
91
92
do
do
do
6 s,’83
Water Stock 6s, ’97.
do
do
do
Wharf 6s
6s, ’89
do
do
do niort. 6s. ’89... 96% 9?"
special tax 6s of ’S9.
do
consol., 6s,’94...
Jeft-., Mad.& l,1stM.(I&M)7, ’81
do
do 2d M.,7
Camden & Atlan. 1st m, is, ’73. 106" 1(4 '
do
2d m, 78. ’80..
do 1st M.,7,1906....
do
95%:
Catawissa, 1st M. conv.,’82....
Lo tisv.C. & Lex., 1st M.,7. ’97..
do
chat. m. do
’88
L*aviis.&Fr’k., 1st M.,6,’7()-’78..
9 5
it'3
....
_.
|
83
60
J3
80
60
SI
96
79
••
do
new
7s, 1900
Connecting (is 1900-1904
East Penn, ist mort. 7s, ’38...
El. & W’msport, 1st m, 7s. ’80.
do
do
l('i2
^7
6.
Louisv. I.oan,6.’Sl. 86
L.
Nash. 1st M. (m.s.) 7, ’77.. 98
do
Lou. Loan (m.sJ6,’86-’87 64
do
do
(Leh. Hr.) 6,’86
82
do IstM. (Mem, Br)7, ’70-’75.
95
do IstM.(Leh.hr.cx)7. ’80-’85 91
do Lou. L’n(Leb.br.ex)6,’93 Sl%
do Consol. 1st M.. 7, 1898.... x92
103"
86
do
....
94"
5s....
Harrisburg !st mort. 6s, ’83
H. & B. T. 1st mort. 7s, ’90
2d mort. 7s, ’75
do
3dm. cons. 7s,’95.
do
Junction 1st mort. 6s, ’83
do
‘2d
do
7900
....
i6i"
88
61
r
’
■
-
65
90
96
do
do reg
do
do
do n«-w 7s, reg., 1910
Little Schuylkil List M.,7,1^7.
90
Northern Central 2d m,6s, ’85
do
do 2d m, g. 6s, 1900 9L>
do
do 2d m. 6sj 1900... 85%
North Penn. 1st. m, 6s, '85
do
2d in. 7s, ’96
iui“
do
10s, chat, m., *77 ^ 110
Oil Creek ft; Al. R., con. 7s, ’88. 72
Oil Creek 1st m. 7s, ’82
Penn & N. V. Canal 7s, ’96-1906 98
.
•
•
•
.
.
do
V
Pennsylvania, 1st M.,6,1880... !00%
do
2d M.,6,1X75.... 99
95"!
97
*
I
!"5
;(D
oi
•
ii*2
•
99
do
67
:>
65
8'3
96
94
8*2%
common.
And interest.
SI . I*OUIS.
t Louis 6s, Long Boiuls
do
6s, Short do
do
Water Cs gold
do
do'
do
(new)
do
Park 6s gold i
;
•
!
i
82
S?"
Jeflcrsoji., Mad. <fc Ind
...
Lehigh Valley, Gs, 1898
81
64
61
St
S2
96
SO
89*
88
*
...
•
do
do
do
Camden & Atlantic
do
do
pref
Catawissa
do
...
do
100
6s, Exempts
Elmira & Williamsport
Elmira & Williamsport
East Pennsylvania
i
89%
Marietta & Cin., Ist M.,7,1891. 10: v !(2%
91 'A
i do
2d M.,7, 1896. 91
do
Norfolk Water ?s
a~,y
Northern Cent., 1st M. (guar) 6
73
Alleghany County,5s, coup...
Alleehany City 6&
Pittsburg 5s
105
98%
.
Philadelphia 6s, old
do
...
BALTIMORE.
Maryland 6s, Jan., A., J. & O.,
preferred
do
Vermont & Canada....
Vermont & Massachusetts
.
r,>rni '*4
*16.435.000 * 60.532 193 *307,072
the deviations from the
'-3
gold, ’97 90%
14%! Morris, 1st M., 6.1876
93
do
2d M., 1876
Concord
do
90
boat, ’85
136% 1-7%:
Connecticut Giver
91
1 Pennsylvania 6s, 191()
Connecticut & Paesumpsic, pf. (0
103
IL'3%, Schuylkill Nav. 1st in. 6s. ’72..
Eastern ; Mass *.
7l"
do
2d 111., *82
Eastern (Neiv Hampshire)
do
71
129
i
(ter’95
F itehbnrg
do
130
....1
6s, imp.,’81...
Manchester <fe Lawrence—
73*'
do
T9 -!
6s, bout.’88.
Northern otNew Hampshire..
(30
do
7s, boat, ’89... 181
)
Norwich & Worcester
62
‘Susquehanna 6s, **84
Ogdens. & L. Champlain
Ih
do
Coal Co. bonds.
99%; j
do
do
pref... 111
Minion 1st mort. 6s, ’83
Old Colony
131%, Wyoming Va
126
ley 1st m. 6s, ’78.
!
Port., Saco & Portsmouth
214.195
Manufacturers’
B ink ot Commerce
do
do
do
do
)
*S
Chic., Bur. & Quincy..;.
Cin., Smdusky & Clev. stock.
.
...
<7%
102
7s, ’91
Chesapeake & L'elu. 6s, *82....
Del nrare Division 6s, ’78
Lehigh Navigation 6s, ’81
do HR, ’97
F2%
119
15 J
77%
CANAL BOA DS.
Thedeviations
trotn last week’s returns are as follows:
.Increase. $ 03.000 Legal Tenders.... —Increase.
*1,3(10
L .no
Increase. 1.2’(1,700 Deposits
Decrease.
171,70 •
S >e‘*;e
.Increase.
487.100 Circulation....
..Increase.
433.100
The following are tbe totals for a series of weeks
past:
one.
Loans. •
Specie. Legal Tender. Deposits. Circulation.
April i 1
118.783.700
93!, 100
8,452.200
40,2OH,8iK) 25,677,100
April 21
8:18.700
117.90.1,000
8.424,900
45.»42 200
25,596,900
Anil 28
1! 7,580.500
1.' 31 .,700
9.055,300
47,410,300
25.619.li 0
M V 5
117,501.100
l.tnl.l 0
9.19!, 000
48,108.700
25.625.700
May 12
1 >7.070.500
1.83.',900
9,052.100
48.467/ 00 25.566.300
m ty n
iir.ois/oe
i,7.>t,7oo
9,111.000
5(1,285 800
25.475 900
Muv 26
ia»,9«2.«:0(l
l.fiifi gH)
10,512.0 0
51,029,31*0
25.151.300
3une 2
117,979.000
1,209,200
11,400,s00
P!.2(H, op
25.440.100
•'line!'
118 2! 8.500
1.(111.5' 0
n.m.3"o
50.422,500
25.384.300
•Ione I'l
U'».224,“00
978.500
10.929.900
5't.3K.:00
25,491.4! 0
dune 23
120,163,909
1,150 000
11, >93,000
49.161.100
25.556.100
•June 30..
121,300,700
989,700
ll,738.0»d
50.108,800
25, J")*,300
•Inly 7
122,947.000
1.915,400
11.201,000
51,284.600
25.187.7(H)
Juiyli...
121,173,700
2,422,500
11.271.900
51,109,900
25.921.100
do
io"
‘
45"
1st in.
do
do
75
*.()
100
33
6s,’96
7s,’97
Western Penn. 6s, ’93
do
do
6s. p. b., ’9*
Wilimng. & Read.,1st M.,7,19dn
i6i
90
.
104"
Jersey 6s, ’83
do
25
8
81
.
g. ni. 7s, c. 1911 10<<% :oi
do
rgg... 102
W. si Chester eons.
97%
o3%
.
OC cr V*-
6s. g., 1910..
Phil.. Wilm.& Ral..(D, ’81
Pius., Cin. <%; St. Louis 7s
Sunbury & Erie ist ni. 7s, ’77..
Sunbury & Lcwist- 11 is
Warren & F. 1st rn. is,’:»6
100
•
deb. bonds, ’93
do
do
do
do
99
Plasteru Mass., conv., 6, 1874..
•
7s. ’98
<i<
91%
96%
Philadelphia & Reading 6s, ’80
....
no
Chicago Sewerage 7a....
do
Municipal 7s
Portland 6s, building loan
Burlington & Mo. L. G., 7
Cheshire, 6
21
Cin., San. & Clev., IstM., 7, ’61
768.5**0
7 l5.o(*9
Total
?49.350.0('0 $'.24,173,700 $2 4?2,-l**0 *11.211.900 $'l 109.90C $25,921,100
'1 lie total amount “due to other Banks.” as per statement of
July n, is $22,756,300.
(' ip Hal
Bid. Xsk
8K0TJBIT1X8.
Clear ngs.
69.1,* 3 ,.«3
give a statement of the Boston
the Clearing House on Monday,
Loans.
Canital
B.»uKn.
Allan tic
At.) is
Biacksfonc
Bos"m
B .yistoi;
Hroadwa v.....
20
.
Bid. Ask.
8KOURITIK8.
Aggregate
27.564.4*0
27,5 3,500
2..4'9,2fNJ
27, 83,MH)
204,819,10 *
*2 7,334,100
Q.U0T/4T10MS IS BOSTON, PKILAUELPHIA, BALTIMORE, &c.
:
Circulati 11.
Deposits.
'1 enders.
40.* 5 .7 11
$6,547.5(H)
.
15 0u 0
Legal
J uly
Ju y
[July 19, 1873.
THE CHRONICLE
80
1
do
Sewer SpeclalTax 6s
lorth Missouri. 1st M. 7s
do
2d M. 7u
do
3d M.7s...
Pacific (of Mo) IstM. gld....
Kansas Pacific stock
.
89%
59
90
96%
!
6 "
S9
5(V
9%
S5%
51
.
45
I
46
QUOTATIONS OF STOCKS AND BONDS IN NEW YORK.
active Railroad Stocks are quoted on a previous page ana. not repeated here. Prices represent
value, whatever the par may be. “ i\T. T. Local Securities ” are quoted in a separate list.
cent
Did. Ask.
Erie 7s, 5th mortgag 1888
do
7s, irons, mort. gold
V, S. Bondi**.
(Quoted previously.)
Bonds.
Stutc
81
Tennessee <'s, old
do '
do new
Virginia es, oid
do
do
;io
tiu
8u%
42 >a
50
new bonds
consol, bonds
do deterred do
Ge/rgia (is./
do
?s, n*nv bonds
do
53 %
......
7s, endorsed
do
7s. 67old
North Carolina 6s. old
do to n C. K. I* < oup
do
do
do
do ex coup —
do
do Funding Act, i86<;
(to
do
do
loti*-,
(lo new bonds.......
do
10 \
71
8>
27
.
Special Tax....
do
no
(10
do
i;
bonds...
i’h j Pacific K. 7s. guari’d by Mo...
Central Pacific gold Bonds....
State Aid bds.
do
Louisiana fis
do
do
j Western Pacific bonds
pinion Pacific 1st M’geBonds.
—
eoseph.
95
92
91 b
70 '
| Alton
—
no
do new
do
do
7s, IYnitefitiary
6s, levee bonds
do
8s
do
no
do
do
80
1 6
116
50
50
—
)
do
6s.’ 18S6...
...
do
do
do
(lo
d0
•
do
do
do
do
•»
!h"»
105)
:os”
It'S
IP'S
•
1,8
Cltv
Harlem pref
Illinois Central
.J Jliet A Chicago
Loup Island
preferred
-!d pref
Micliigan Central
Morris At
Essex
do
do
•
special..
Rensselaer A Saratoga
Rome, Watertown A Ogdens.,
dt. Louis, Alton A T. Haute...
do
do
pref.
St. Louis A Iron Mountain..,.
Sr. L., Kan. <’.A Northern pref
Toledo, Peoria* Warsaw
Toledo. Wab & Western, prel.
I?(i»cclIaneoti» Stocks
American Coal
Boston Water Power
Cumberland Coal and Iron
...
N. J. Laud Improvement Co..
Pennsylvania Coal
S iriug Mountain Coal
Wilkesburre Co'al
Canton Co
Dcr&ware & Hudson f’snal
Atlantic Mail Steamship
Marinosa Gold
no
do
......
pel'—
Trustees Certit
Land Mining Co...
do
prel.
Ilailroad llomlf*.
U Y. Central «s, 1883
do
6s 1887....'.
do
6s, real estate...
do
68, subscription.
7s. 1876
no
do
7s, conv, 1876../.
Erie 1st Mortgage Extended.
92
85
8*1
93
83
36
do
85*
-63%
10s..".
to railroads,6‘
NorfolkGs
87
|
92
“•?%,! Kan. 0., Ft!
85%
do
Charlotte
stock
do
Col. A A.. 1st m., 7s.
Lake Sup.
do
98
92),
92
A Miss. 1st 7’s,gld
.
.
.
....
•
i
w6
,
do
7s, income
Mo., lv/n. A Texa' 7s gold
Mo. K., Ft., S. A Gulf. 8lo**k...
do
do 7 3.10 do 98% :ou
do
do
do
1st. M. 10s
1
88
839,
88>J
89 »
do
7s gold TL.D.
i
do
2d M.. 10s
do
do
90), 92
88J,
do 1st Mort.LaC.D
d(j
N. J. Midland 1st 7s, gold,guar
8v
51
siydo
1st M. I.A M.l>.
do
do
2d 7s guar... .
1st M. I. A D..
do
do
N. Y. A Osw. Mid. )st 7-, gold.
103)4 107
1st M. 1. A I...
do
do
2d 7s, conv.
do
do
do
1st M. If. A I)..
New York A Boston 7« gold..
do
Lsi M. 0. A M.
do
do
X. Haven, Middiet. A W. 7s
do
do
2(1 M
do
New bio g br’ch 7s, emir. Erie.
Omaha A Southwestern ILK.S’s
Marietta A Cin., 1st Mort
93
91
Chic. & Milwaukee 1st Mort...
Oregon A California 7s. gold..
lOo
•*
loliet A Chicago, 1st Mort
Oswego A Rome 7s, guar
34
Peoria. Pekin A I. 1st m, cold
Chic. A Gt. Eastern, 1st Mort..
‘2'i
83%
Pitts Cin. A St. L. 1st
ijol.. Chic. A lnd. C\. 1st Mort.
.2
155
*2>, Port Huron A L M.7s, gld. end.
do
do
2d Mort
69
99
do
do
Tol.. Peoria A Warsaw, E, I)..
7s, cold....
90
90)
do
do
W. 1)..
Peoria A Rock I. 7’s. gold
83% 81
93)< 93:i4
o
do
Burl’11 Div.
Koekf’d,R I.A St. L. 1st78,gld
75
90)/.,
76
do
Rome A Watertown s
do
2d M..
1U2* ’ lUo
do
Consol. 7s
Rome, W. A Ogdcnshurg 7s...
Kondout A Oswego 7s,gold...
New York A N. Haven 6s.
OO
33 E
Sioux City A Pacific 6s
Boston, 11. A Erie,1st mort. .. •»5
50
52 " Southern Pacific. 6’s,gold
do
do
guaranteed
71
79% 80
Cedar Falls A Minn. 1st M....
South Side (L. I.) 7s
55
61
38
Steubenville A Indianafis.....
P.ur., C. 1 -aphis A Minn. 7s, gld
“
“
2u 7s
Home & Watertown 1st M
96%
Am Dock & Im.Co. 7.’86.
Southern Minn, construe. Ss.
98
100
do
do 7s
West. Union Tel., 1st mort. 7s.
93
St.Jo.AC.B1. st M.,10s
Long I-bUid UK 1st M. 7s
22
61
do
(lo
8 p. c..
Smitlitown A Pt. Jett". 1st M...
94
St. Jo. A Den. C.Rs.gnld.W. D
st. Louis, Jack. A Chic. 1st M.
92
95
do
do
Ss. gold, E. I)
South Side, L. I. 1st Mort. bds
84
70
60
do
Sinking Fund..
Sandusky. Mans. A Newark 7s
Morris A Essex, convertible...
St.Louis, Vandalia A T H. Pt
95*
do
do
2d
do
construction.
do
St. L. A So’eastern 1st 7s. gold
Winona & St. Peters 1st m—
10
101
St. L.. A St. Joseph. 1st.Cs, gld
C. C. A Imi’s 1st M. 7s. S. F.
j105
114 k li 15
Southern Central of N. Y. 7s..
La Crosse A Mil. 9s. 1st M
91
Tebo A Neosbo7s, gold
Hi 1:\ Lafayette, Bl’11 A Miss. 1st M.
Union A Logansport7s
Pekin. Lincoln A Decatur IstM
Utah Central 6s. gold
Han. A Cent. Missouri 1st M.. 82
Union Pan., so. branch, 6s, gld
Cin.,Lafayette A Cldc. 1st M.
Walk! 11 Valley 1st 7s,gold ....
Del. A Hudson Canal 1st M
10)2 11
West Wisconsin 7s, gold
[Galveston, II. & H ,7s, gold,’71
I Pacific UK. of Mo., stock. ;
New Loans.
Pacific li.of Mo. 1st 6s. gold ’H8 S5X S7
80
do
do 2d 7s, cur’y, ’91 75
95
94
Chic. A Can. South. 1st m gl 78
93
92
ITIiseeHaneous List.
9 1
Ch., D. A V., I. div., 1 m gl:l 7s
! Arkansas Levee bonds 7s.;....
40
50
90
Hous. A Tex. C. let m. gold 7s
Atchison A P. Px.6s gold
62
70
Houston A Gt. N. lot ni. gl.! 7e
103
Atlantic & Pacific L.G. 6’s gld
74
luternat’l RR.Tex.lstm gLd7s
Atchison, Top. A S. Fe 73 eld.
79
lnd. A Ill. C let m. gold 7s...
103'
Atchison A Nebraska 8 p. c....
99
100
Bur. A Mo. River, stock
lnd., B. A W. Ext, 1st m gl 7s
96
Jack.. N.W.A S.E. Istmgl s7
do
Land M. 7s.. 95
do
102 K
104
do
2d S., do 7s..
do
Chesapeake A O. let m. gld Rs
lUi% 102^
do
do
3d S., do 8fi..
do mort gold 7s
do
..,.<100
10
..
.
...
....
....
50
90
95
K 8
Sr.
62%
do
90
do
ii"
...
....
90
65
....
.
...
67%
60
...
.
90
70
79
88
70
85
72
MlO
.
•
.
85
50
(in
90
ys
86
....
90
do
cert’s, 8s.
A <
do
do
88
•
—
....
do
2d mo., 8s
Northeastern, P.C.. 1st M.8s....
do
2d M., 8s
....
Orange and Alex., Ists, 6s.
do
2ds, 6s
do
3ds, 8s
do
4tli8.8s
Richm’d A Petorb’g 1st m., 7s.
do
do
2d m., 6s.
3d m., 8s.
do
iio
Rich., Fre’ksb’g A Poto.Gs
do
do
do
conv. 78.
Rich, and Danv. 1st cous’d 6s..
do
Piedmont 8s.
lets, 8s
^elma, Rome A IL, 1st M., is..
South A North Ala, IstM., 8s.
Southside, Va., 1st mtg. Ms
do
2d m., guart’d 6s...
'
do
3d m.,6s
do
1th ill., 8s..v
Southwest. KR., Ga., 1st mtg...
do
stock
S. Carolina RR. IstM, vs (new)
85
90
•
do
do 7s
do
stock
do
Va. A Tenn. Ists, 6s
do
2ds,Rs
ods 8s
do
West Ala,, 8s guar
1
•
Wilmington ai d Weldon 7s
!
*
*
*
-
*
T
r
-
90
90
90
90
90
90
„
7s
....
75"
■
9
r
..
....
...
90
90
90
90
70
6b
45
'•5
54
75
60
65
56
53
60
10
CO
70
SO
70
30
70
36
80
65
♦•8
70
<Q
80
60
67
52
42
66
72
15
30
94
83
80
45
35
6t
68
10
20
91
50
75
: 5
60
60
80
'
9
7U
90
00
93
90
50
50
60
90
82
87
12
37
74
20
90
80
60
88
85
50
do
do
CbA Ruth. 1st m. end
1st M.t 8e....
do
past not
coupons.
Tennessee State
Coupons
Virginia Coupons
ao
Consol. Coup
Memphis City Coupons
Nttflhvllle City Coupons
•hi
62
7U
90
71
• 5
93
60
97
97
55
53
63
93
88
91
15
76*
23
65
54
50
86*
75
70
90
80*
80
60
Income
Opel ons, 1st M.8s
battanooga,6s...
NorfolkA Petersburg 1st in.,8s
d
85
82%
1st end.
..
95
96
do
do
40
75
j
'Nashville
'«S
80
75
99
161’’
consold.. 8s.
do
do
IN. Orleans A
90
...
33
98
.
end. by State of Alabama...
Mobile A Mont... 8s gold, end ..
Mobile A Ohio sterling
do
do
do
ex clfs.
do
do
8s. interest
do
do
2mtg,Ss.
do
do
Income
do
du
stock
N. Orleans A Jacks. 2d M. 8s.
94
'4 i K
f.8
3't
50
6 »
Montgom.A Eufaula 1st 8s.gld
90
.
do
do
do-
80
70
5*5
80
95
....
91
2ilm., 8s...
^
Montgomery A West P.. 1st 8s..
90
60
-
(I.-,
Mississippi A Tenn.. 1st m.,7e
*5
ss
do
do
Memphis A Little R. 1c). M..
Mississippi Central, 1st m., 7s.
80
75
2d 7s..
aiock.
Memphis A Ohio, 10s,
40
84%
do
do
do
do
....
48
....
103
Memphis A Charleston, 1st 7s..
80
«...
9j
82%
.
Logans.. Craw. A S. W. 8s, gld.
K‘7
Michigan Air Line, Ss
Mo ,ti< (*lio A P. JervisTs,gold
Montclair 1st 7s. gold, guar—
88
85
V aeon A Brunswick end. 7s...
Macon A Western stock
Macon and Augusta bonds...
do
do
endorsed
do
do
stock
105*
•
do
2d 7s
Leav.. Atch. A N. W. 7s, guar.
Leav Law. A Gal., stock".
do
do
1st M., Ids..
Louisiana A Mo. Riv. Ht in. 7s
ui“
Greenville A Col, 7s, guar
do
do
7s, certit.
55
Jo. A C.TL 8 p. c..
53
RAILROADS.
Ala. A Chalt., Ist.M, Ee, cid...
Ala. A Tenn. R, 1st M., <b....
2d M.,7s..
do
Atlantic A Gulf consol
do
do
end. Savau’L
do
do
stock
do
do
do
guaran.
Central Georgia, 1st M.,7s
10
1C 2
Kal. A White Pigeon 7s
.Kansas City A Cameron 10s...
5S
70
70
70
54
54
<i
62
75
72
75
70
Wilmington, N.C.,6flcold
do
do
Ss gold....
15
Kal., APeghan. A G R.8s,guar
68
70
Savannah 7s, old .
do
7s, new
90
lUO*
50
69
79
'•O
Petersburg 6s
[■Richmond 6s
94*’-
No 16..
do
StO( k
Kalamazoo A South H. 8s. guar
‘
88
bonds, 7s
do
do
92%
do
do
84E
90
consol. 6s
do
do
do
stock
81%
do
do
Indianapolis & St. Louis 7s....
10!
Jackson. Lansin A Sag. 8s...
{Charleston a Savannah (is, end.
99
Kansas Pac. ’<s, Extension; gld
91% (Savannah am. Char., 1st m., 7s.
do
7s, Land Gr., gld. 91
jCbernw and Darlington 7s
94*’ [East Tenn. A Geo: gin 6s
do
7s,
do now.gld 92
32
do
East Tenn.A Va.Rt? end. Tenn
6s, g’d, Jim A Dee n
do
6s. do Feb A Aug 83% 54
K. Tenn., Va A Ga.. 1st M., 7b.
94
92
do
do
do
stock....
7s, 1876. Land Gr.
SO
78
do
Georgia R. R.. 7s.
7s, Leaven-Breh.
36
do
stock
do
Incomes, No. 11.. 39
‘1*1
.99%
-
no
do
80
do
6s, new
go
100
2d 84
Indiana]). A Vincen. 1 st 7s.guar
Iowa Falls A Sioux C. Is' 7s...
do
BD
107
.do
85
80
90
90
85
93%
1...
NasbviJle 6s,old...
83
80
do
8s
no
New Orleans 5s
70
91
80
50
88
90
75
new
Montgomery Ss
75
40
95
*5
7s, plain......
Valley 8s
lndianap., Bl. A W. 1st 7s, gld.
89
102
93>-
bonds,6s
end., M. A C.li.R...
Moblle5s..
,...
83%
60 ‘
Grand River
89*
58
do
do
90
Ps
*
Macon 7e. bonds
Memphis old bonds, 6s...
Elizabeth town A Padu. 8s con 85
Evansville* T II A Chic 7s. gld
Kur pean A North Am.6s,gld
[Flint A l’ere M. 7s. Land Gr.. .93
xsO
j Fort. IV., Jackson A Bug. 8s...
(Grand R. A lnd. 7s, gold,guar, 07%
55)
97
jLyneliburg 6e
90*'
100* *
j Evansville, Hen. A Nashv. 7s..
102 H
56
Augusta, Ga.,7*5,bonds
85*'
S8
95
2d 7s
7s. equip—
do
do
.......
••
•
Mo., Kansas A T
New..Jersey Southern
N. V., New Haven
Hartford
N.Y., Prov. * Host (Stoningt.)
Ohio & Mississippi, preferred.
Pitis.. Ft W. A Chic., guar...
do
do
Ith Mort,
Consolidated....
do
2d
do
Hub A Sioux C., 1st M
do
2d div
do
Peninsula lst; Mort.. conv
St. 1
A Iron Mountain, 1st M
do
2d M.
do
Mil. a Bt. Paul, 1st M. 8s P.I).
:U9h
88%
*a
50
Charleston stock 6s..
Charleston. S.C., 78, F.L.bds...
Columbia. S. C\, 6s
1(0
(I)enver A Rio Grande 7s, gold
{Detroit. Lansing A Lake M 8s
[Evansville A Crawfordsv. 7s..
[Erie A Pittsburgh 1st 7s
70
Atlanta, (4a., 7s
do
8s....
97*' [Columbus, Ga., 7r.bonds
'Connecticut "Western 1st 7s....
I Chic. A Mich. Lake Bliore8s..
do Laud Grant
80
>CITIKfe.
85
...
Marietta & Cin.. 1st
do
Convert
....
previously quoted.)
do
ons.
do
Albany A Susquehanna.. .....
Chi capo & Alton.
do
ih>
pre't
Chic. Bur A Quincy
(•lev., Col., Cm. A lndianap ..
Cleve. & Pittsburg, guar
•*». SIOUX
t
do
1
95*
I
|
T)an., Urb., Bl. A P. 1st m 7 eld
S’s
7?%
LeO ’
Chic. A Alton Sinking Fund.,
do
do
1st Mortgage... icoX
do
do
Income.
Ohio A Miss., i-onsbL sink. f...
1U7
3Tail road Stocks*.
(Not
i
Ip
I Connecticut Valley 7s. gold...
.
v. z'
c
90
95
96
i*4% 98
97% 101
9S
97
65
[Cleve., M t. V. A I)cl. 7s, gold.
do
New deisey Central, 1st M., n.
ilu
do
2d .Mort
New Jersey Southern 1st 111 7s
1U5
Pitts.. Ft. W. A Chic., 1st M....
do
do
2d Mort. iUU
do
do
3d Mort. 95>.
d 4 8 p. c. eq’t bds
do
94*
Cleve. A Pitts., Consol, S. F’d.
102
do
do
2d Mort
95,/
ilo
do
Pd Mort
b
do con
Gb. < la.iiil. lk'3.
1371
6s, do
1875
Ss, do
1877
6s, do
1878
6s, do
do gld 18^7
63,
1ST',
5s, d d
18 ;5
f.s. do
1ST 6
5s, do
98
90
52
do
2d Moit...
Chic. !i. Island A Pacific
Morris A Essex,'1st Mort
do do
2d Mort.
i
-
99** jDes Moines Valley lsi 3s
97
92>;
2<1 Mort
Equip. Bds
.
u
90
.
<10
1 0
111 I
Michigan 6s, 1878
do
6s, 1883.
7s. 1878
do
New York Homily, rep.
60
I|
;
1> U
90
SO
90
Seenritles*.
Southern
94
'
»
96
91%
!
Hannibal A Nap'.cs 1st M.. ...
ireat Western. Ht M..
do
2d M. 1893....
V.uincv A Tol., 1st M., 1890....
ill. A Bo. Iowa. 1st Mort
ialena A Chicago Extended
1C
9
t..
70%
2dM..
7s, cony, 10U>t 101
do
98
LUO
fol. A Wall’ll, 1st Mori, ext hi.
93
do
1st M. St L div
103'
liliuois 6s coupon,’77
do
do
1879
do
War Loan
Indiana 5s..
92%
82
94 S
] . .
I Ct
60
95%
VO
99
55
<
lU’j"
92 X
51%
9*1
90
.
l0
89%
90
91
South SjHe of L. 1. 1sl m. ex..
Bur
C. R. A Mo. mort. g’d.
Portland A Og. fVt. div.j 6sg.
*
9d
90
American Central 8s
J
in. A Southwestern UR. 7’s..
Col. A Hock. V. 1st 7s, 3.1 yrs .
do
do
1st 7s. 10 yrs..
do
do
vd 7s, 20 yrs...
Chic., Danv. A Vincen s 7s,eld
100
convertible
do
do
dc
do
do
do
i.
2d M pref
2d M. income..
If);;],, Lack. A Western,1st M.
do
do
6s, 1875
6s, 180..
..
9S
to * iDetroit, Hillsdale A In. KR.
l
Western S. Fund... lo % li 6)0 [tintebess A Columbia 7s
lilt. Bonds 94 % 99 ' ! Denver Pacific 7s, gold
do
92%
Consol, bds 92
do
do
do
Arkansas 6s, funded.. :..'.
do
7s, L. It. & Ft. S. iss.
7s, Memphis & L. It.
7s, L. ItT.P. B.A N.O
do
7s, Miss. (>. A li.'ltiv.
do
7s Ark. Cent It
Texas, 16s, of 1876
...
Extn. Bds
do
do
1st Mort.. luliii
do
do
do
(lo coup gld bds 90
do
do reg’d
do
Iowa Midland. 1st mort., 8s...
104
la-.. A Bt. do. Laud Grants...
-
Kentucky 6c...,
do
do
Jhic. A N.
8s
.1875.
do
do
8s
of l'JJO.
112
California 7?
li'J
do
7s, large. bonds
Connecticut 6s
i'S
1,’TOde Island 6s
13
Alabama 5s
do
8s
8s Mont \fc Euf’la it.,
do
do
8s 'vJab. A Chat. It.
8s
.do
Of 1593..
Oiiio
do
& T. H., IstM
do
do
49
bonds.'.-.lion tiug debt.
new
Land Grant, 7s..
do
Income :0s
Illinois Central 7 p. ct., 1875...
Bellev’le * S.Ills. li. lstM.8’s
98
97
100%
do
of 1SS8.
Asylum bonds
to
Shore con. coup bonds.
j Lakedo
Con. reg.
14
.
pri! A (let..
Fufidiug Act, 1806
Land C, 1889, J A J
Lnild 0,1889, A iV U
do
do
do
do' 7s
Missour (is
7
d
Han. A Ft.
95>i,
Bid. Ask
iTol.. Wab. A W. mort. gld 7a.
;L. Um. Bl.qre R1L. ’st. m. gld 7s
I Lake Shore A M. S. income 7s.
101
North. Par. lsi 111. gold 7 3-10?
LOlKi(Spring. A HI. S.E. ' R. LmgHs
:oi%i
92% St. Louis A S. E. HR. con. m
.
Long Hock Bonds
Butt. N. Y. & K. 1st M., 1877.... 92>o ( 93 it
1(4
1 Go
i Hud. li. 7s, 2d M. S. F. 1885
j
do
7s, 3d Mort., 1875
1U1
;Harlem, Con.M. A S’kg F’d 6s
811
hi'1 Albany A Susqh’a, 1st bonds . 97
X
98
do
do
2d
do
•14
o'do
do
3d
..
i Mich. Cent., 1st M. 8s, 1882
do
Consol. 7s. 1902—
110
li
Chic., Bur. & Q. 8 p. c. 1st M..
Mich. Bo. 7 nerot.2d Mort..... 9^4 !'9K
89
b 4
i'i05
Carthage A Bu:. Ss
j Mu-h. S. A N 1. B. F. 7 p. c..<.
H %
Dixon, Peoria A Ban., 8s.
; Cleve'. iV Tol. Sinking Lund..
95
O.O. A Fox U. Valley 8s
Clove. & Tol., n< w bonds
21 %
98>. j Quincy A Vfarsaw, 8s ...
(Cleve., P’ville & Asb., oid bds. 97
97
I 111. Grand Trunk
do
do now lids.
18* ’ Detroit, Monroe & Toi bonds. 100 k m k j Chic., Dub. A Minn.. 8s.
91
99
Peoria A Hannibal K S’s.
| Buffalo A File, new bonds ... 95
V. JO /'a Chicago A Iowa K.S’s....
17*' Lake Shore Div. bonds
A
do
do
er Itb S.,do 8s.
do
5th S., dohs..
do
8U1 S., do 8s..
uo
do
du Creston • ran li
do
do Chariton Branch
Burl. A M. (in Neb.) 1st conv.
California A Oregon 6s, told..
California Pae. ltli.7’s. eld.
do
6s. 2d M., gld
Canada Southern 1st 7s. gold.
Ceni ral l ac. 7s, gold,conv
(’entral of Iona. 7stM,7’sgld
do
2d M, 7’s, gld
Keokuk A St. Paul, 8s... ) ....
do
„
Jan. A July...
do
do'
Bur. A Mo. Ui'
97y.
t
South Carolina (is
do
96 Pv
bds..
the pet
SRODKITIES
As4
Btd.
skou umiis,
.
do
do
Bid. | Ask.
8BOTJRITLK8.
■
government Bonds ana
SKOTTKTTTKS.
81
CHRONICLE.
THE
July 19, 1873.]
70
SO
91
83
S4
70
70
88
90
54
75
92*
86*
78
78
41
91
86
85
80
91
93
75*
88
82
85
90
50
S3
90
85
91
8
90
li
89
51
85
80
87
80
90
80
4J
1 0
95
81
62%
82
97
92
81
60
62
92
85
88
90
82
[J uljr 19,1873,
THE CHRONICLE
NEW YORK-LOCAL SECURITIES.
Insurance Stock List.
Bank Stock List,
Companies*.
Capital.
America*
American
American
Atlantic
Exchange.
Broadway
Bull’s Head*
Butchers & Drovers
Central
Chatham
Chemical
Citizens’
..
*5-
100
City
Commerce
Commonwealth
Continental
Corn Exchange*
Currency
Dry Goods*
East River
Eleventh Ward*
Filth
First
-.
Fnl ton
German American*..
Germania*
Greenwich*
Grocery.
Hanover
Harlem*
Importers’ & Traders’.
Irvmg
Manuictrers’& Build.*
Leather Manufactrs...
Manhattan*
Manut. & Merchants*.
Marine
Market
Mechanics
Mech. Bkg Asso’tion..
Mechanics & Traders..
Mercantile
Merchants’ Ex
Metropolis*
Metropolitan
Murray Hill*
Mutual*
Nassau*
National Gallatin
New York
New York County.....
N Y.Nat.Exchange..
Ninth
Ninth Warn*
North America*
North River*
Oriental*
Pacific*
Park
too
10J
100
75
100
25
25
25
100
..
Peoples*
Phenix.
Republic
Security*
St. Nicholas
Seventh Ward
Second
Shoe and Leather
Sixth
8tate of New York....
Tenth
Tuird
Tradesmen’s
Union
West Side*
Gas
25
100
100
100
100
100
100
100
25
25
100
100
100
30
100
100
25
40
100
100
100
50
100
100
50
100
10)
UK'
25
3,000.009
5.000,000
300,000
250,000
1,000.000
209,000
800.000
150.000
000 (HX1
000.000
"’200,000
1
1
200,000
300.000
ooo/ou
500,000
600.000
2,050,000
.J.& J.
J & J.
J. & J.
J. & J.
M.&N.
M.&N.
M.&N.
.J. & J.
J. & J.
500.009
400,000
l.noo.ooc
2,000,000
5' K), 000
600,000
LOCK) ,000
3 0 0,000
100
100
25
100
50
4,000 000
100
100
UK)
100
100
100
40
50
100
and
1,235.000
K0
23,009
200,000
1,000,000
1,500,000
3,000, 00
200,000
500,000
r,(V) (VYl
1 500 o-n
*
2o6]oo5
j.
1,000,000
& j
io
r >
422.709
J
J.
J.
F.
J.
.
& J.
& J.
& ,J.
l.i 00,000
1.000,001
& A.
& J.
F.& A.
J. & -T.
J. & J.
J & J
J. & J
M.&N.
J & .J
J. & J.
J. & J.
1,500,000
200,000
M.&N.
J. & J.
1,000,000
500.009
300.000
1 000 000
*200'(XX)
Nov.,
8
10
16
7
1 (KKI 000
T
-
t
-
-
....
.
......
•
101
104
1(5
105
So
I
180
100
Jan., ’73...4
July 1/73... 6
July 1/73... 5
July 1/73 ..5
M h y 1/73... 4
May 1/73...5
May 1/73...5
July 1/73...4
10
7
8
8
Mechanlcs’(Bklyn)
Mercantile
Merchants’
m
87
Montauk (B’klyn).
....
iis
149
ioo
97
1L-V
111
iii
115
105
July, ’71...4
July 1/73.. .4
July 1/73... 6
Nov., ’72...5
July 1/73...4
June, ’73...6 iie
Jan.,
’73...5
ii‘2V
85
i60
135
City R.B. Stocks and Bonds.
[Quotations by Charles Otis, .47 Exchange Place.]
Brooklyn (Jas
Light Co....
Citizens’Gas Co (Bkhn..
do
certificates
Harlem
Je rsey City
Manhattan
do
300.000
50
‘20
50
100
1,000,000
386,000
4,000,000
2,800,000
750,000
100
25
& Hoboken...
Metropolitan
Brooklyn
do
N ew York
scrip...
People’s (Brooklyn)
do
do
b onds.
Westchester County
1,000.000
500,000
4,000,000
1,000,000
300,000
401,000
1,000,000
1,000,000
Williamsburg
do
Q—F.
J.
A.
F.
J.
J
J.
J.
& ,T.
& O.
& A.
& J.
& J.
& J.
& J.
serin
.
mortgage
11000
Broadicay (Brooklyn)—stock
100
Brooklyn £ Hunter’s Pt—stock... 100
1st mortgage bon'fs
1000
Atlantic Avenue, Brooklyn—stock 100
1st
«
1st mortgage
500
2d
do
n00
do
3rd
500
Central Pk, N. £ E. Rivet—stock 100
1st mortgage
1000
2d
do
1000
j.
& J.
J. & J.
300,000
200,000
278,000
278,000
700,000
115.000
100.000
164,000
2d mortgage
550.000
600,099
20
50
170.000
Apr.,
Apr. ’73... 5
Jan., ’72.7V
Feb., ’73...5
1000
300;000
100
Jan., '72... 5
Various.
7
.
167^000
50
1st mortgage..
2d mortgage
!00o
10 0
8000)00
350,000
200,000
150,000
315,000
750,000
250,000
2.000,000
2,000,000
Second Avenue—stock.,
8d mortgage
Cons. Convertible
1000
1000
100
1000
100
Sixth Avenue—stock
lat mortgage
Third Avenue—stock
lstmortgage
JOUlarmburg £ Blatbush—stock.
.
shows
..
.
.
217
125
••
•
»
*
1000
100
1000
14
6
10
20
20" Dec.,’72.10 iso
18
6,800
91,859
3.013
—8,143
-377,067
—13,377
—1,955
10
185,727
11,379
2 0.000
50.484
250,000
200,000
150,000
200,000
50,000
186,329
46,591
—17,027
24,692
4,884
123,000
175,540
£9,786
199,972
200,000
300,000
150,000
200,000
200,000
210,000
200,000
200,000
136,370
500.000
20
July, ’73.10
13V July,’73.3V
14V 20
Feb.,’73..7
July, ’73..5
July, ’72. .5
July, ’73..5
July, ’73..5
8V July/73.3 V
17
10
10
11
10
10
5
10
10
10
10
10
10
July, ’78. .5
12V July/73.7 V
24
Aug.,’ i2.14
8H July. ’72..5
17 V July/73.. 10
•
•
10
11
20
10
•
10
11
20
.
20
10
5
10
16
15
10
10
10
10
5
12
10
8V 10
10
5
10
10
5
9V
10
10
ii"
10
14
....
♦ •
80
105
-
iio
90
95
ICS
95
•
.
...
15
120
July, ’73.10
July, ’73..5
io
10
15
July," "’73l ".5
130
90
82
90
140
....
5V
10
20
16
10
10
20
18
10
11
20
20
10
5
20
July, ’78. .7
•
11
20
12
18
16
10
16
10
12
12
11
12
10
10
16
113,477 10
168,139 11
76,413 12
43,893 10
—137 10
13,7?2 10
-25,724 10
143,866 15
Julv,’73.10
July,’73..5
July, ’73. .5
July, '73. .7
16
25
6
20
16
Julv,
July,
July,
July,
Feb.,
18
23
11
10
20
14
July, '73.10
July, ’73. .8
*73.10
’72. .5
’73.10
’73..8
—895 10
849 11
5
—532
19,568 10
107,240 10
Z0.697 12
187,019 14
200,000
200,000
200.000
200,000
150,000
250,000
200,000
250,000
10
10
10
10
10
14
14
16
•
•
12
10
10
July, 73..6
July, 73..5
16
July, ’73 5
Feb. ’73.3V
July,’71.3V
24,iii io" io" io"
•
•
....
.
•
•
,
70
90
July,’73..5
Feb.,’73;. 5
July, ’73..7
July, '73. .5
July,’73. .7
1
85
.
......
150
10
10
12
14
14
5
10
•
......
...
July, ’73..5
10
Jan., ’73. .5
13V July/73.. .6
•
•
75
......
Aug.,’73.10
20
10
7
10
10
10
14
14
.
•
145
90
95
112
190
140
160
118
107
185
130
155
Feb., ’73.10
12
12
11
10
•
85
128
170
140
Mch.,’73.5
12
3V
.
95
65
145
195
’73.19
12
20
12
20
16
....
f
"ico"’
131,693
102,437 10
215,368 16
,
100
85
95
530
350,000
200,000
200,000
150,000
150,000
1.000.000
200,000
800,000
200,000
2(H),000
200,000
150,000
.
.
•
100
90
150
100
70
125.
July, ’73..5
Jan., ’73..5
4
10
20
12
18
15
t
•••»••
Mar.,’73..5
July, ’73. .5
....
.
.
145
100
80
....
....
•
July/73...5
July, ’72..5 “72 V
75
July, ’72. .5
8CH
Jan., ’72..5
90
95
July,’73...4
July,/7S..5 85
| 90
10
10
20
10
....
•
140
June,’73-. .7
....
*
80
100
*
100
200
10
10
15
14
-
205
103
"
•
-
110
200
•
.
70
62V
«...
10
14
t
150
.July, *10..5 ICO
Mch.,’73. .5 60
July, ’73..7
July, ’73..5
Jan., ’66..3 *45'
July, ’73. .5 ICO
Aug.,’72. .5
10
10
10
....
30.692
ii" Feb/,’78." io
14
10
10
10
20
......
95
165
200
100
115
105
....
15
20
13
20"
10
103
July,’73..5
10
—59,857
98,818 io" 10
10
85,139 10
20
99,483 10
5
30,532 5
—11,545
200,000
150,000
200,000
300,000
145
100
65
July,’73..5
10
4
....
150.000
50
20" 20" 20" Apl., ’73.10
16,593 10
280,000
July,’72..5
July,’72..
July, ’78..7
July, ’73..5
"96"
95
a
100
.
......
115
110
10.)
140
.
IM*
••••«•
July, 72..5
Jan.,’73 .5
• • •
t
«
Over all liabilities, including re-insurance, capital and profit scrip.
t Gone into hands of receiver since Boston fire.
—
•p
10
*
**
Before
figures denotes impairment of capital.
City Securities.
•
Various.
7
.
.
10
10
7
7
10
112
’73... 5
’73... 5
Various
ICO
Jan.
j. & J.
J &D.
J. & D.
Q -F.
J. & J.
J. & J.
7
j.
7
7
7
A.& O.
A.& O.
J. & J.
1331
1834
1885
7
7
V
1882
1890
70
65
90
193
97
100
May/73
1872
Dec.,72
Kate.
120
New York:
Water stock
18-11-63.
do
1854-57
Croton water stock. .1845-51.
do
;.1852-60.
do
Croton Aqued’ct stock. 1865.
do
pipes and mains
do
reservoir bonds
.
& J.
6
5
6
6
7
6
Central Park bonds.. 1853-57.
5
do
..1853-65
do
Real estate bonds!...1860-63.
...1852.
Dock bonds...
do
1870.
6
Floating debt stock— 1860.
c
& A.
M.&N.
6
7
2
7
J. & J.
Q, -F.
M.&S.
6
7
5
7
2
J. & J.
J. & J.
M.&N.
A.&O.
7
M.&N.
7
2
7
7
7
7
5
7
i
J.
J.
J.
F.
5
1863
1863.
6
7
Improvement stock.... 1869
ilo
do
....1869.
Consolidated bonds
var.
Street imp. stock’
var.
6
do
do
Jan. ,’73
175
100
ICO
May/73
.
1873
95
July’70
do
do
do
do
Brooklyn:
City
bonds
do
1878
"
1863
.
var.
1819-65.
.1861-65.
Local imp. bonds.... 1862-65.
do
....1806-70
do
.
& J.
& J.
& D.
& A.
A.&O.
M.&N.
M.&N.
J. & J.
1877
1876
1885
1888
91
91
80
80
140
Nov/72
ioo
1890
Q-F.
May/73
7
J. & J.
1C90
7
M .& S.
t#
.
f
.
f
+ a
165
-tf
ICO
last dividend od docks, but aate of maturity 01 bonds.
7
6
g
6
7
6
7
6
7
bonds... .1870.
7
1860-71.
1857-71.
7
6
Sewerage bonds
3 years.
Assessment bonds...
do
7
7
N. Y. Bridge
Park bonus.
May,'7i
7
.
Soldiers’aid fund
87
SO
95
90
7
1865-68.
Market stock
Nov/72
1874-76
6
5
Water bonds
Jersey City
Water loan
do
1852-67
.
1869-71
Sewerage bonds
1866-69.
Bergen bonds
1868-69.
Assessment bonds...
6
'l
7
7
1870-71.^ 7
Bid. Ask.
Mouths Payable.
Feb., May, Aug.& Nov
5
.
300,00t)
125,000
Bondsdue.
100
155
*
18S0
Jan..73
1884
7
3
7
3
7
5
Price.
iOo
Jan.,
....
Interest.
.
Afav. ’73...
Julv 15/73. .4
797,000
1000
l*t mortgage
..
254,000
lstmortgage
io
’72.3V
80J.000
Hr and Street £ Newtown—stock.
Park Avenue—stock
1st mortgage...;...
Ninth Avenue—stock
column
io
200
1(0
1 150
150
1,161,000
Eighth Avenue— stock
100 1,000,000
1st mortgage
1000
203,000
42<f St. £ Grand St Ferry—stock.. 100
750,000
1st mortgage
1000
200,000
*•1 his
15
1
.Inlv 15.’73. .5
7
10
15
M.&N.
M &N.
M. & S.
F. & A.
Coney J^and dc Brooklyn—stock 100
5oo;ooo
lstmcrtjage
'000
214^000
Dry Hock, E. B. £ Battery—stock 100 1,200,000
1000
lstmortgage
420,000
*
Julv 15/73...5i 225
20
10
....
Askd
130
Bleecker St.dk EuttonEerry—stock iuoi
900,000
1st mortgage—
l OOI
6*04,000
Broadway £ Seventh Ate—stock. 100 2,100,000
1st mortgage
-1000 1,600,000
Brooklyn City—stock
10 2,000,000
«
20
10
7
10
—1,025
26,799
63,561
53,394
210.717
150.000
5 000,000
certuicates..
Mutual.N. Y
Nassau,
2,000,000
1,200,000
16
—13,675
31,604 20"
—24,456
44.01U 10
500,000
200,000
200,000
200,010
150,000
Nassau (B’klyn)...
National
37V
35
N. Y. Equitable....
100
New York Fire
100
N. Y. & \ onkers..
50
Niagara
25
North River
25
Paciilc
100
Park
20
Peter Cooper
20
People’s
50
Phenix (B’klyn) ..
50
Relief
KKI
Republic
—
100
Resolute
25
Rutgers’
100
25
St.Nicholas
50
ICO
Star
10C
Sterling
25
Stuvvesant
25
Tradesmen’s
25
United States
100
fWashington
Williamsburg City. 50
...
....
.
Nov., ’72...4
8
12
10
4
Manuf & Builders*.
iC4
’73...3
1/73...5
6 V Jan.,
10
Inly
25
100
100
25
50
50
50
60
50
50
20
327,988 20
30,906 10
51,251
2,500,000
50
Long Island(Bkly.)
101
.
’73...4
12
8
12
10
Lenox
Mech.&Trad’rs’—
July 1/73... 4
Jan., ’73. ...3
19
Lafayette (B’klyn)
Lamar..
[
Knickerbocker
53,159
150,000
250,000
200,000
50
100
25
50
100
50
30
20
40
50
100
25
Kings Co. (B’klyn)
135
102V
12
15
50
20
20
33V
165,898 14V 14V
13
14
52,163
10
—30,712 in
10
11
10
—10,613 10
300,000
200,000
200,000
1,000,000
200,000
300,000
200,000
200,000
200,0(10
204,000
150,000
150,000
200,000
1,00-0,000
500,000
209,000
200,000
200,000
50
Jefferson
200.088
—41.599
Bid.
17
12
10
5
13
12
10
....
300,000
210,000
250,000
50
25
100
.
66
iii
Feb.,
—
10
....
200,000
153,000
40
....
17
10
10
14,423
255,321 20" 20
—39,659
16
184,271 16
200,0:0
1(H)
30
50
17
10
10
100
100
Irving
134
200,000
300,000
Empire City
Farragut
88,323
27,845
250.000
50
Howard
102
400.000
200,000
100
25
Firemen’s
Firemen’s Fund
Firemen’s Trust...
3,150
—16,557
200,000
100
Home
iisv
11S
81
200.000
Fire—
Commercial
Continental. Y.
tCorn Exchange...
commerce
Importers’* Trad..
Jail., ’73...7
July 1/73... 8
9
1
Clinton
140
Apl.10 ’T3...4
July 1/73... 5
7V July 1/73... 4
7
July l/73.3V
July V73...6
16
May 1, *73, .3
12
July 1/73...6
10
July 1/73...5
7
July 1 /73.3 V
8
Feb., ’73... 4
July, ’71.3V
—
City
Hope
13r>V
*72...3
12
Citizens’
134
9
»
Broadway
Brooklyn
i25
5
12
16
12
10
7
8
Brewers’ & M’lst’rs
136
July 1/73...3
7
9“
Bowery
122
132
July 7/18...5 122V
Apr. 1/72. .4
July, ’71.3V
Nov..
Atlantic
German-American
Germania
Globe
Greenwich
Guardian
Hamilton
Hanover
195
174
155
July 1/73... 6
Jan. 1/73...6
Arctic
Gebliard
126
July 1/73...4
Julyl0/73.. .5
.
2.000,0 0
’72.. 1(<
July 1/73...5
July 1/73...4
Men., ’73...4
July 1/73...7
6
8
10
15
7
Q-F.
2,000,000
412,500
1,800.000
2,000,000
500.000
7
.
...
.
io
10
8
j. & j.
1 * * • •
...
10
10
9
10
10
8
8
i‘2
,j. & j.
400,000
800,000
92
....
6
.
.
......
6
J. & J.
A. & O.
J. & J.
M.&N.
A.& O.
J & J.
J. & J.
J. & J.
T & J
j! & j!
•
90
•
20
10
8
4
12
8
10
1210
8
12
!0
10
8
10
10
9
6
>,000
.
.
4
25
100
50
100
25
50
25
100
25
17
20
70
100
American
;
American Exch’e..
.
......
7
20
10
8
Capital.
Adriatic
’68..15 285
July 1/73.. .4
July 1/73...6
Jan., ’73.. 10
255
Ju’y 1 ,’73. .5
Jan., ’73.. 10
July l.’73..-4 H4V H4V
July, l’73.8 V
80
7
Jan., ’73.3V
130
10
Feb., -73...5 125
16
Jan., ’73...4
6V JulylP,’73.3V
8
July 1/73...4
7
July 3,’73.3V
11
Jan., 73.3 V 215
20
Jan., 73... 5
115
8
July 1/73. 5 115
10
Nov., ’72...5 151
Q
Feb., ’73...4 102V 102*
7
May 1/73.. 10
,
Price.
108
...
,
.
Askd
Companies.
1 "73.. 12
Jan., '73...4
July 1,’73...5
20
10
8
12
36
10
20
8
10
F.& A.
J. & J.
J. & J.
J. & J.
J. & J.
F. & A.
0>
500.000
100.000
107
Net Sue
Dividends.
plus,
Jan.. 1,
1369 1870 1871 1872 Last Paid.
Par Amount.
1873.*
155
2l" July
8
7
10
20
M.&N..
3. & J.
J. & J.
50
25
100
50
50
100
f
j & j
M &N
F.& A.
M.&N.
’600,000
0
.
Q—J.
Q-J.
500 00 )
151
July,
J. & J.
J. & J.
J. & J.
350,00t
21.0,000
8
8
21
20
10
8
12
36
10
20
9
6
8
10
16
Q-J.
1,000,000
Bid.
July 1,*73...5
Jan., ’67...5
May 1, *73...4
Jan., ’72...4
10
8
8
Q-J.
100,009
Last Paid.
1872
10
J. & J.
3,000,000 J. & J.
450,(KK) ,J. & J.
300,000 ev. 2 1110s
4-K).0(K>
J. & J.
1,000.000 M.&N.
10,000,000 J. & J.
750,000 J. & ,T.
2.000.000 J. & J.
1,00-0 000 F. & A.
50
100
UK)
100
1(K'
100
UK)
100
50
25
50
10o
25
20
100
UK)
100
100
1871
J. & J.
J. & J.
M.&N.
J. & ,J.
J & J
J. & J.
500,000
5
Price.
Dividends.
Marked thus (*) are
Par Amount. Periods.
not National.
(Quotations by E. S. Bailey, broker, 65 Wall street.)
do
do
do
do
..
do
do
do
do
May & November.
Feb., May, Aug.& Nov
do
do
do
do
do do
do
do
Mav & November.
Feb., May, Aug.& Nov
May & November.
do
do
do
do
do
do
do
do
do
do
do
do
do
do
do
do
1872-91
1885-91
1881-95
1872-95
1911
1915-24
1881-1902
various
do
various
January & July.
do
do
do
1879-82
do
do
do
do
do
do
do
January & Juj j
do
do
do
do
do
do
do
do
1870-80
1875-79
1890
1883-90
1884-1911
1884-1900
1907-11
1874-98
1874-95
1873
1871-76
1901
1878
1894-97
1872
1873-75
1876
1889
1879-90
1901
1888
do
do
do
Jan., May, July & Nov
1877-95
1899-1902
1872-79
1874-1900
1875-91
93
98
98
93
98
106
98
98
104
95
98
98
106
100
106
97
100
104
99
105
95
99
102
96
105
103
93
107
99
104
•
96
103V
90
103V
103 V
103
94 V
100
105
93
104
92 >
104
104
K'SV
95
100
100
90
92
99
98
99
too
99.
99
100
100
83
THE CHRONICLE.
July 19, 1873.]
OPERATIONS AND
3unc0tmcnt0
STATE, CITY AND
o ©
o©
© *-< T-<
CO
•
y-l
5
AND
oo
City Railroad and
published the first three
Securi¬
ties, and Railroad and miscellaneous Stocks and Bonds
will be regularly published on the last Saturday in each month. The publi¬
cation of these tables, occupying fourteen pages, requires the issue of a
supplement, which is neatly stitched in with the usual edition and furnished
© -rH
I
t- ©
QOV
S
©o©o
jy EXPLANATION OF STOCK
The Chronicle on the first of each month.
3. City Bonds, and Bank, Insurance,
Gas Stocks, with quotations, will usually be
weeks of each month, on the page immediately preceding this.
4. The Complete Tables of State Securities, City
3
) —< ©
tp ©
Ticf
AND BOND TABLES.
1. Prices of the moat Active Stocks and Bonds are given in the “ Bank¬
ers’ Gazette,” previously.
Full quotations of all other securities will be
found on preceding pages.
2. Government Securities, with full information in regard to each
issue, the periods of interest payment, size or denomination of bonds, and
numerous other details, are given in the U. S. Debt statement published in
©
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© © © © ©
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CO© t-COTp
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CORPORATION FINANCES.
FISCAL RESULTS.
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55
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to all regular subscribers of The Chronicle.
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Milwaukee & St. Paul Railway.—
n
December 31, 1872.) .
consolidation of tlie Milwaukee & Prairie
(Returns for the fiscal year ending
Tliis company is a
Du Cliien and the Milwaukee
-
and the
following tabulated statements give the operations and fiscal re¬
sults, including those of the railroads purchased or built by the
consolidated’company. Exclusive of side and double track the
number of. miles of road owned and operated by the company
during the year were 1,283, being an increase of 265 miles during
the year 1872.
In addition to the 1,283 miles, the company
owned from Winona to La Crescent, 27 miles ; but this line was
not completed and operated in 1872.
This company also own
$2,001,000 of the capital stock of the Western Union Railroad,
being a majority of its stock. It will be noticed that while there
has been an increase of $267,075 of gross earnings, there has
been a decrease of $578,186 net earnings.
This decrease of net
earnings is attributable to the competition and consequent low
price of transportation which prevailed during most of the sum¬
mer of 1872.
The following table shows the average price per
ton per mile received for freights for a series of years past:
For 18G5
•
$3 76 I For 1869
$3 10
5 oo'rfoo'
2 82
2 54
2 43
During' the year the following roads were purchased : The
Hastings & Dakota, from Hastings to Glencoe in Minnesota, 75
miles ; the Sabula, Ackley & Dakota Railroad, from Sabula to
Marion, la., 87 miles ; and the St. Paul & Chicago Railway, from
La Crescent to St. Paul, 130 miles. On all of these roads there was
an
equipment in rolling stock equal in value to $3,000 per mile,
and for their purchase the bonded debt of the company and com
stock have been increased as follows :
For the purchase of the Sabula, Ackley
mon
& Dakota Railroad,
$1,485,000 of bonds and $825,000 of common stock ; for the pur¬
chase of the Hastings & Dakota Railroad, $1,350,000 of bonds
and $750,000 of common stock ; jand for the purchase of the St.
Paul & Chicago Railway, $4,000,000 of bonds.
Of this amount
$3,000,000 were issued in 1872, and $1,000,000 in 1873, which
last issue does not appear in the general account for 1872.
The
company also operate, under a lease for twenty years, the Osh¬
kosh & Mississippi River Railway, from Oshkosh to Ripon, 20
miles, paying as a rental 35 per cent, of the gross earnings. On
the preferred stock two semi-annual dividends of 3| per cent,
have been paid in cash out of the earnings of 1872. No dividends
have been declared or paid on the common stock.
Since the close
of the year 1872 the conrpany has acquired the Chicago, Milwau¬
kee & St. Paul Railway, extending from Chicago to the State
line, and the Wisconsin Union, extending from the State line to
Milwaukee, the cost of which is not included in this report. The
company now own a completed line of railroad from Chicago, by
way of Milwaukee and La Crosse to St. Paul, which is the
shortest route between those two cities, and affords excellent con¬
nection between the Northern Pacific and the great system of
roads terminating at Chicago.
The distance by
new
of
.2
gt-lOc-
e
That
95 ‘
58 *
37 *
42 ‘
126 ‘
10
*
40 ‘
9 ‘
130
*
75 ‘
87
Sabula to Marion
*
to
t*
~
© ot
*2
by the company
portion of the line from Winona to La
completed or operated during the year.
Western Union—Racine to Rock Island
Oshkosh & Mississippi- Oshkosh to Ripon
‘
1,310 miles.
in
g,©
I?* Tp
‘o
CO
© 1.0
in co
© ©
f-3
co
c-
w
Of
Cresceut, 27 miles,
197
20
1,527 miles.
Rail, 56 lbs.
Equipment.—Locomotives, 182; passenger cars, 1st class, 62;
passenger cars, 2d class, 32; sleeping cars, 9; baggage, mail
and express cars, 56 ; box, freight and caboose, 2,720 ; flat cars,
629; boarding cars, 2. Total of all cars, 3,510.
Pi
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Capital stock, preferred
“
«i
^
OUQQO
FINANCIAL CONDITION AT
“
o
o o o © ©
HW
6
ti
S3
CLOSE OF YEAR.
$10,825,777 00
:
1
i
il
23,986,023 OO
Total funded debt
691,128 36
Unpaid pay-rolls and bills
Loan account..:
Due other railway companies
accounts
Miscellaneous accounts
148,132 19
freight and ticket
56,617 18
159,116 54
28,617 51
Equipment fund, Illinois & Iowa Div
“
Hastings & Dakota Div
Dividends unpaid
42,894 53
“
11,871 36
102,966 70
Conpon accounts
2,699,805 04
1.458,460 67—
Income account
$50,910,159 04
Cost of road
Western Union R. R. stock
Stock of material on hand
U. S. Government P. O. Department
Balance due from agents and other companies
accounts
Temporary loans to other railway
Bills receivable
."
Miscellaneous accounts
New rolling stock
St. Paul, Stillwater & Taylor’s
$47,375,529 18
1,500,750 00
410,61123
717,332 08
106,614 10
15,000 00
Falls R. R. Co., stockflubscription
141,186 00
$50,910,159 04
COMPARATIVE STATEMENTS FOR FIVE
1868.
825
Operations
$6,517,645
4,033,040
2,484,604
14,000 00
25,000 00
129,771 13
.
'
earnings
Expenses
Net earnings
5,640 00
158,419 61
.
City of Hastings bonds
City of St. Paul, bonds
R. R. bonds
Gross
269,716 28
companies
Madison & Portage
Cash on hand....
Miles of road.
42,589 43
freight and ticket
YEARS.
Equipment.
1871.
1870.
1869.
917
1,018
1,018
1872.
1,283
and Fiscal Results.
$ 7,250,668 $7,421,061 $6,690,695 $6,957,771
4,653,274
4,229,882
3,020,786
2,767,787
3.850,354
2,840,241
4,695,615
2,262,155
Financial Condition at Close of each Year.
$10,825,777
7,665,104 11,422,878 11,823,496 13,398,564
Capital stock, prefer’d $8,188,272 $9,744,268 $10,425,103 $10,825,719
Capital stock, common
Total steck........
Funded debt
Income account.....
.
.
Cost of road
Stocks and bonds....
West. Un. RR. stock.
Material
on
hand—
Sundry accounts
Cash
on
hand
.
„
$13,742,871 $17,409,372 $21,847,981 $22,649,215 $24,224,331
16,835,187
.
Total
5,354,599
17,154,841
18,205,573
18,151,339
336,344
70,246
473,675
115,839
490,073
109,935
2,409,491
1,983,356
650,716
245,328
265,090
*
1,781,801
23,986,023
2,584,966
114,838
1,458,460
$33,394,241 537,137,064 541,214,689 $48,182,363
$31,962,017 $35,518,838 $88,623,679 $39,700,788
14,000
89,033
14,000
1,500,750
1,500,760
307,033
300,212
509,882
323,072
317,190
338,131
1,095,874
366,095
963,984
431,094
495,104
556,245
......
183,771
1,500,750
410,611
1,708,923
141,186
.
■]
13,398,554 00—$24,224,331 00
common
Sundry accounts
Coup’ns & div’s unp’ d
was not
Total of all lines owned and operated
Sidings and other tracks, 126 miles. Gauge, 52^ inches.
o ©
Of ©
00
5®
©
Road and
405 miles
196 *
Hastings to Glencoe
Total miles owned
S
C*
EQUIPMENT.
Prairie Du Chien
Milwaukee to La Crosse via Watertown
Milwaukee to Portage City via Horicon
Iloricon to Berlin and Winneconne
Watertown to Madison
Milton to Monroe
Calmar to Algona
Conover to Decorah
.'
Austin to Mason City
Mendota to Minneapolis
La Crescent to St. Paul*
Lines of
R. R.
owned.
©
© ©
S© 00 © ii
'3
ejjgTP ©ti
line is
this
ROAD AND
ef
CD
P*
O
410 mile3.
f Milwaukee to St. Paul via
©o©o©
l-O®
IS
& St. Paul Railroads,
3 76 | For 1870
3 94 I For 1871
3 49 | For 1872.
For 1866....
For 1867
For 1868
|gȤ?8
Total
$33,804,241 $37,137,084 $41,214,689 $43,182,3»f50,910,159
81
THE
CHRONICLE.
Cincinnati, Hamilton & Dayton Railroad.—
(Returns for the Fiscal Year Ending March 31, 1873.)
Construction
ample mileage of side and terminal tracks.
an
road
;
over
the line.
have large interests in corporations using their
line, and virtually own the I), k M. and the C. R. k Chicago
'Railroads,mud in November last purchased the Junction (Cincin¬
nati k Indianapolis) Railroad.
They now own or control 345
rmiles of road, 80 locomotive engines, 55 passenger cars, 27 haggage and mail cars, and 1,598 freight cars.
In addition, the C.
U. k D. Company own 50 box and 50 platform cars, now being
used by the Saginaw & Cincinnati Lumber Transportation Com¬
pany, which are run between Cincinnati and Saginaw.
-
ROAD.
.
Main Line.—Cincinnati. O.. to Dayton, O
Wide g^ugc track (Atl. & Gt. Wtrn)
Double main track, 9 22, and sidings, 2-4-48
33*70
Tot.
equivalent, single track.
engines
Passenger cars
baggage, mail and express..
Freight
cars
59 93
81*32
12 15
17 (H)
1871-72.
59*93
81*32
9*22
24*48
177 95
32
29
15
417
173*40
33
32
13
426
1872-73.
59*113
59 93
84*32
9 22
24 48
177 95
34
29
84 32
9 22
24 48
177 95
33
30
13
429
15
417
Operations and Fuca' Results.
Train mileage
475.805
612.583
508.692
498.270
669.252
512.722
753.787
395,432
$437,627
$115,870
696.691
74.787
1.209.105
493.312
486,030
$430,452
544,1.50
282.245
1.191.457
296,020
1.270,622
704,014
505,031
579.964
611.193
027.296
613,326
144,030
143.957
114,990
350,000
93,762
315.000
80.214
172.322
280.000
54.386
Passengers carried
Freight (tons) moved
dross ( Passenger
Earn--! Freight
.
ings. ( Other
Total trross earnings.
Operating expenses
Nett earnings
Interest on bonds...>
Dividends on stock
Taxes, insurance, etc
Surplus account
*
Deficit, $82,764.
*
Made
up
588.266
700.110
549.574
750.087
551,936
$337,891
592.215
295.229
1,307.595
099.90*2
590.161
103,950
709.493
495.372
114.990
007,033
141.990
280.000
280.000
58.707
48.R78
123.936
21,504
from old surplus.
May
1, 1803, and is perpetual.
A modification of the original lease
was agreed upon
January 23, 1870 under the provisions of which
a preferred stock was issued for the
purpose of retiring the mort¬
gage bonds, and otherwise to pay for improvements, Ac.
The
lessees are to pay the interest on the bonds as
outstanding, set
apart for their final redemption a sinking fund, pay 8 per cent to
the preferred stockholders and to the
unpreferred stockholders a
dividend of 34 per cent per annum.
The road may be said to be
condition.
Line.—Dayton, Ohio, to Toledo, Ohio
M. So. Railroad Company at Toledo
140*71 miles.
.Leased from L. 8.
Total
length of roads between
Sidings and other tracks
Total
Gauge of
129 miles.
Davton and Toledo
142.00 miles.
20.21 miles.
lentil of equivalent single track
rouu, 4
thorough re-stocking, the business results have
162*21 miles.
feet 10 inches, rail, 56 pounds.
Line.—Mamikon, O., to Richmond, Ind
Sidings and other tracks
Nett
Earnings.
Interest on bonds
Taxes
Dividends on common and
Deficit
mails
$1,034,507
722,110
Total
$312,457
$211,490
”
32,833
preferred stocks... 122,191— 300,520
(charged against lessees)
$54,003
by the lessees during the vear for
permanent improvements, sinking fund, &c,, $117,577, viz.*.
Elevators, $47,604; fencing, $12,021; docks, $14,070; sinking
fund,
$30,000; real estate, $5,950; and sundries, construction, $8,232.
There
was
also disbursed
FINANCIAL CONDITION AT CLOSE OF YEAR.
Stock—Common, $2,398,785, and preferred, $1.259,800
Funded debt, $2,842,900, viz.:
First- mortgage, 7 percents, due
July 1, 1881
Second mortgage, 7 per cents,
due September 1, 1884
Third mortgage, 7 per eents,
dueOctober 1, 1888
Toledo Depot, 7 per cent
bonds, due March 1, 1888 and 1894
Income
bonds
Cincinnati. Hamilton & Dayton Company, lessees
Gain [bonds converted into stock)
Total..
****..
42'00 miles.
2*5*5
Total
length of equivalent single track
'
44 55 miles.
Rail 60 pounds.
There are 0 miles of this railroad in* Indiana, owned by the
Richmond A Miami Railroad Company, and leased by the C., R.
k C. RR. Company at .$8,000 per annum.
Gauge 4 feet 10 inches.
.
COMPARATIVE
STATEMENTS FOR FIVE YEARS.
Itoad and
1868-69.
Miles of road
Locomotive engines
42
6
9
v..
Passenger train cars......
Freight train cars
Equipment.
1869-70.
42
6
1870-71.
1871-72.
42
1872-73.
57
5
~)
161
5
5
162
Operations.
$105,752 $152,136
$211,855
$229,635
156.224
55.631
13.0'0
43,750
142.700
6
71
70
Gross earnings
Operating expenses...
Nett earnings
^..
Rents to other companies.
Interest on bonds
Profits from operations
Losses from oncrations
.
$104,928
99,218
...
77.077
28.675
5.710
13.072
39.142
43,750
46.504
42
6
4
94,274
20,305
13.022
..
42
57.802
13.011
43.750
1,101
86.929
18,016
44.0(55
24,8-18
1.119
Financial Condition at Close of Fac'i Year.
Capital stock
Total
Total
$382,600
$382,600
$382,600
$382,600
625.00)
625.000
17.309
4.562
3,925
625.000
82.733
3.405
625,000
17.833
2.089
.
Permanent property........
Profit and loss
$382,600
625,000
.
Funded debt
C.. II. «fc 1). HR. Co
Interest on bonds unpaid..
5(5.910
4.410
$1,009,689 $1,029,995 $1,028,894 $1,093,798 $1,068,950
$947,885
$917.8-85
61.8 >4.
82.110
$947,885 $1,011,985 $1,011,995
81.009
81,813
50,955*
$1,009,689 $1,029,995 $1,028,894 $1,093,798 $1,068,950
Michigan Central Railroad.—-The annual report of this
for the fiscal year ending May 31, 1873, has just been
received, and it is in some respects the most interesting report
ever
published by the company. The Michigan Central road has
been looked upon for many years as one of the most substantial
corporations in tlie country, and its semiannual dividends of 5
per cent have been looked for with the regularity of interest pay¬
ments on Government bond*. * But
recently there has been a
change, and after paying a dividend of 4 per cent in stock last
January, the July dividend was passed altogether. Stockholders
are
exceedingly anxious to learn the causes for this apparent
decline, and to ascertain whether it is likely to be permanent, and
they will read with much interest the report of President Joy,
which argues at considerable length the question of freight trans¬
portation from the West. He reaches the general conclusions—
1. That there has been a complete revolution in the character of
that business in the past ten years, in the vast increase of its
volume and reduction in freight rates paid ; and 2. That the
decrease in net profits applicable to dividends on the stock of
company
by the large expenses required for
by the inability of the company to
carry freight offered, on account of its own insufficient accommo¬
dations, and more particularly by the inability of its eastern con¬
nections at Detroit.
The gross earnings have been as follows ;
1872-73.
Passenger.
Freight
$2,367,181
4,652,813
.....
Miscellaneous
282.062
Total
Earnings.—Passenger, $311,913; freight, $009,944;
and expresses, $44,287, and
other, $8,423.
Operating Expenses
than
ROAD.
Main
OPERATIONS AND FISCAL RESULTS.
Gross
more
doubled.
his road has been caused
double tracking, &c., and
ROAD.
Main.
a
1,204,865
(Returns for the Fiscal Year Ended March 31,1873.)
prosperous
3, 1800.
From that-date, also, the road was leased in perpetuity
to the Cincinnati, Hamilton k
Dayton Railroad Company. During
the last 2 or 3 years, in consequence of improved connections
and
276.813
The D. A M. Railroad is operated under lease
by the Cincinnati.
Hamilton k Dayton Railroad Company.
The lease is dated
a
under the name of the Eaton k Hamilton Railroad, which was
sold and reorganized in 1805, and the present name adopted May
564,542
$420,151
DAYTON k MICHIGAN RAILROAD.
in
CINCINNATI, RICHMOND & CHICAGO RAILROAD.
(Returns for the Fiscal Year ended March 31, 1873.)
The Cincinnati, Richmond k Chicago Railroad was constructed
Fiscal Results of
JRoad and Equipment.
1868-69.
1869-70.
1870-71.
Sidings, Arc
$4,042,703
“
COMPARATIVE STATEMENT FOR FIVE YEARS.
Locomotive
Total
59-93 miles.
equivalent single track
177*95 miles.
Gauge,-58 and 72 inches. Rails (inch steel. 24^" miles), 60 pounds.
59*93
84 32
12*15
17*00
173*40
33
31
13
439
77,268
149,269
84*32
Total length of
Main Line (narrow)
Wide track (Atl. & Gt.West.)
Second track (main line)...,
13,547
Preferred stock fund
Profit and loss
the Cincinnati, Sandusky k Cleveland, and the
The company
765,256
Operating accounts
From Dayton to
Dayton k Michigan railroads ; and from Hamilton to Cincinnati
,by those of the Cincinnati, Richmond cS: Chicago and the
Junction (Cincinnati & Indianapolis) Railroads,
llefore the com¬
pletion of the Cincinnati & Baltimore Railroad the Marietta &
; Cincinnati Company used also eight miles of the track nearest the
Cincinnati terminus.
These auxiliaries have always thrown a
large traffic
384,217
Rolling stock
used for the trains of the Atlantic and
is
$5,653,140
Right of way, $107,548, and real estate, $276,669
The C. H. & P. Railroad is the most important line leading to
and from Cincinnati.
The track is constructed with four rails, to
accommodate the 4 feet 10 inches and the 0 feet gauges, and with
Cincinnati the
(treat Western
[July 19, 1873.
$3,658,585
1.931,000
445.O0O
4,986,935
Net
earnings
An extended review of the report
statistics will be published in a
$6,441,412
4,447,803
$2,315,183
Expenses and taxes
$1,993,609
accompanied by full tables of
subsequent number of The
Chronicle.
Erie Railway.—The Erie election for officers to serve for the
ensuing year has resulted as follows : P. H. Watson, the former
President, was re-elected unanimously. The office of First VicePresident was left vacant for the present. George H. Blanchard
was chosen Second Vice-President,
and James C. Clark Third VicePresident ; Henry Tyson, Fourth Vice President; W. P. Shearman,.
Treasurer, and A. K. McDonough, Secretary. The members of
the Executive Committee are Edwin D. Morgan, W. B. Duncan,
Frederick Schucliardt, and S. L. M. Barlow.
The Finance Com¬
mittee consists of the following gentlemen; Samuel D. Babcock,
Geo. H. Brown, Adrian Iselin, and Hermann R. Baltzel.
—Holders
of the
Eufaula Railroad
Mortgage Bonds of the Montgomery and
158,458
requested by a notice to call at the olfice of
George Opdyke k Co., No. .25 Nassau street, before August 1, to
arrange for a lease of the railroad to protect their interests.
—A dispatch from Portland, Oregon, states
that the commis¬
$7,042,703
Tacoma, Washington Territory, the western terminus of the road,
361,000
105,500
1
$7,362,118
1871-72.
$2,114,066
4,046,198
281,147
400
382,741
are
sioners of the Northern Pacific Railroad have decided to make
The
following table presents an abstract of the official returns of
December 31, 1872
Stock
Name of Company.
a
Allegheny Valley..:
353,850
Berks County.-
4,350,500
038,000
185,000
5(10,00
185,00
500,0*4
871.000
120.050
11,223,200
47,105
581.70It (),(HM
991,00(
1,278.300
.
5,394.00i
1)9,901
175.«k;(
A L.
09.55-7
122,4 HD
179.798
09.022 +#! 50
228,099
4 089
81.494
389,120
115 573
119 780
4 71,(4)2
572,1)14
382,999
38,549
409 669
104,602
til
237,755
142,083
19.315
00,430
39 415
3%
......
o
12
031,408
1,808,955
051,758
2,797*901
3,551,285
1,572.772 7. 10
•*
5
381.433
87,036
5*1,061
288,831
8.218
10.308
40,570
189,632
4,(US
2,038
2,504,009
57,903
100,120
0
8
37.371
293,07 1
0,487
1,050,013
87,030
304.5U8
321.967
8
1,882,55(
3,159! 106
2,270.941
208! ()0(
100,000
2,300,U(H>
800,000
2,250.0' 0
20,503.000
355.0(H)
375,100
2 483,(H)1
300,000
21,408.800
4,395,100
898,324
199.201
4,121,244
8,004.523
25,(XX)
00.144.070
037,607
073,100
12.402,781
19.7.0,425
9.754,000
187,048
100,000
978,436
1,545,000
812.0--C
’
010,100
3.283
759,500
nr.,201
1,500
30,710
40,000
115.010
1 4 It),187
.
595,127
2..L243
19,742
Is8,500
323.375
323,315
3 968 100'
,
I
Pennsylvania...
Penn-ylvania Coal.............
Pennsylvania A N. Y. Canal A
//Pennsylvania A Delaware..
//Perkiomen
rPhila. A Baltimore Central
Philadelphia A Reading
//Phil.,Germantown A Norrist’n
//Philadelphia A Trenton
Phil.. Wilmington A Baltimore
Philadelphia A Newtown
//Pickering Valley.
//Pittsburg, Cin. A St. Louis...
/.Pittsburg A Connellsville.
.
/(Pittsburg, Fort Wayne A Chic.
Pitts., Virginia A Charleston...
//Plymouth
;.
//Reading A Columbia
//Schuylkill A Susquehanna ..
//Schuylkill Yal. Navigation A
A-shamokin Valley A Potteville
Shenango A Allegheny
.
Somerset A Mineral Point
South Mountain Iron Co.’s
4,042,50“
03,394
14,890!237
8,295,709
9,562,817
100,000
25,203
'250'000
3,080.1-00
109,000
17,131
32 881
53.271.937
4.000,010
29,320,600
3.713,240
530.5) 0
375,090
3,501,700
3,000.0(H)
351,234
2,000 0U0
5,715,239
48: 297
37 890
7(4) 000
538 184
1 200 (XX)
1 091 024
1,500,! 000
53/413
14,730.000
573,900
34.230.175
2 231 900
29,042.109
42.430!207
300,000
1,259 100
11,485,750
69,803
1,980.500
74 700
92 125
1,983,952
21,139,410
42,293,340
1,511,800
1,534,478
11,890,730
331 800
130 552
472 737
1,841,885
3,403,201
18,835)! 787
1,900,082
10,011,740
4,780.000
12,285,397
22,214,285
13,621,000
10,229
20,807.630
709,310
507.208
1,000.0(H)
1,093,’ 494
1,209,150
97,(XX)|
12,787
8,433’550
018,504
274 495
12 050
570 050
*
2,282,052
1,283,490
809,450
1,988.000
1,509,450
199,000
55,000
780.(HM)
978.280
140,000
380.808
8,584
81,104
377 500
58 408
^’Southwark
82 313
134 075
1 400 000
Stony Creek
/Sullivan A Erie Coal A
Summit Branch
Tioga
210 950
20R631
1 ' 000 000
1 597,718
988,902
145,000
1,400,000
500 ()(>0
l.Ooo’ooo
1 900 000
243,000
2,502.250
Z/Sunbury A Lewiston
Susq., Gettysburg A Potomac..
1,285,013
580,900
’181,000
130 0( 0
Virginia...
//Wellsboro’ A Lawrenceville..
00 003
190 008
5io’o6o
7/Tresckow
332 329
842,359
421859
Uniontown A West
1 000 000
105 000
081.100
1,189.800
1,022.4:50
759,002
244,380
Reading RR.
Pennsylvania Railroad Co.
c Leased to Towanda Coal Co.
d Leased to Erie Railway Co.
43,391
82,381
55.310
45
11
51
45 50
59,120
449,718
34,442
261 415
310.!)11
187,688
48,804
48.864
55,029
211,302
270,764
162,458 8, 10
4 02
80
541
1740
215,230
14,530
176,510
66.875
583.352
1,992,273 4,3*2,243
4,103.513
294.414
27,278
5,525
150, P.7
428,770
100,531
892,585
12,013,499
120,195
132,3-4
2,213.010
15
105
lol
10 ’70
3
9-50
28" 25
10
12 50
a "is
1,023,554
108,010
52,799
1,800,000
2,332,300
500,000
O*
*
L
1
+#4
3
10
1)5.876
99,8" i
332,48;
302,29 1
72.942
1.083,475
17,591,029
157.653
30,’247
11,471,029 8, 10
07,058 10
29,057
35,141
30,220
2,274.31b
1,202,70
2,431,291
5,982,949
1,321,894
44.813
7,457
53,528
20.88s
11,185
6.714
271,435
29,828
18,320
489.713 2.879,447
967.850 0,3u7,(01
271,435
185,185
5,235
7,493
•
3,809,080 io
*
157.102
2,036
18,388
7,018
10
10
7
...
10- 50
14 92
1 • 10
8.450,000
//Philadelphia A Erie.
rt
K
482,030
13,013,219
556,340
13,787
1 200 385
799.412
22 6 57
3.473,500
4,050,450
721 (HH)
ill
2,257
3,125
9 on
10 17^
539.050
220’00ii
580,29!
18,305,021
1,099,112
0
0
123,424
154 032
11,040,002
11 150
; •
34,401
0
2-50
88,30.»
005,000
•
915,458
43,482
282.350
112 550
*
170,855
J48.010
282.815
5.812’. 000
River...
10
407,300
30.0(X)
105,000
1,300 000
Valley..
1,878,713
107,198
!2 745
4,201
2’-9.750
Z/Newry Branch
Northern Central
1WV402
V30.105
27.295
50, (>1)0,00. f
//Mount Carbon A Port Carbon.
/Mount Pleasant A Broad Ford.
159,121
5,342
700,000
2,005,70(1
Muncy Creek
4,740.677
13,957.162
12-00
4 15
12-20
30
3 OtiOJOO
123 (i(>()
4.200,081
65,41.0
144,745
8150
OOiijlOO
3
3,329 346
134,04(
9DH.000
2
39,870
402.100
4,923,00x
'
21.9.37)
1.335,000
05.948
117,317
912,30.
50, (4
185,250
219 017
3,347,071
43,030
249.578
3,598.800 5,504 274
205,985 1,141,437
78
459
2,620,00(
108 807,4.87
005,027
.
80,114
913 289
205 480
1.509,317
3,8 10,00-1
2,899,229
082,228
8,433
12
.....
354 90
160
104-30
22-50
18 "40
40
2S7-00
223
17
20-60
95 31
11 ’30
193
145
408-30
14
9 25
40
54
11
259,0b2
339,470
115,560
10
10
740,288 2,002.050
889,571
880,119
009.279
2,101,194
2,289, i 30
0
452.187
803.049
3,095,002
1,33'>,938
070,500
314,999
932,7!'0
1,2 s 5,554
824,023
9,800
55" 00
120
75,201
539.920
138
628,352
12,854
2,830
9.100
20,483
20,710
105,200
1
744.616
844,779
4,262,017
16,850,891
22.012,525
13,704,673
io
1,370,172
2,011
20 422
23.033
20
1,208,531
166,025
399,477
1,608,280
413,700
1,171,151
315.5 i.5
134,309
130,858
047,274
7,513,114
150,521
3,177,548
2,0:8,029
295 594
190,389
3,980,752
12,125,038
3,980.752
1,501,0*0 1,124 fk«
449.780
1,747,195
1,038.937
029.472
1,759,758
1,581,909
952,034
2,734.138
fit 1,201
1,429.115
835,858
2,782,050
781,994
980.780
300,087
1,113,414
2,408,102
22,392
4,000
2,501,191
0,851,373
3,850,048
1,437,391
9,780.310
2.996,800
1,530,381
5,272,840
842
15,550
7
2.028,508
0,383,991 10,981,057
839,793
•
12
10
287 810
30 00
8
1,625,000
4,281
2,100,251
812
rv
*
.....
340,171
252,821
62.198
194 092
200.000
221,284
15,019
32,040
**91,371
**95,612
10.170
682,031
50,220
282,505
44,997
309,301
58,849
184.022
22.206
18,000
8.530
25,019
12,201
7,861
3,772
12,055
20,980
53,987
5,900
31,517
37.820
9,1.* 5
17,803
119,737
523,539
8,279
291,458
322,980
70,040
28,477
93,170
19,207
865,431
15,312
23,533
14,316
351,186
31,110
468,322
22,955
211,850
118,812
10,901
**
44,597
43'50
17
....
•
5,809,480 io
37.180
10
514
20
115
W
3,480
190.309
5,250,393
17,709
28
32
910
17-78
172
o *
’
5
0
....
.
•}
5
....
Pittsburg. Cin. A St. Louis Ry. Co.
Pittsburg A
in
n
37-50
15
37-10
9
20 30
57-10
03-00
19 92
-
29,141
27,130
11,479
1,339
12,818
821.911
93,448
212,892
116,195
336,939
197, i 00
0,248
•
-
186,640
228,773
.
250,250
....
132,405
1,813
Connellsville'RR.
Leased to Lake Snore A Mich. South.
Leased to New Jersey Central RR. Co.
264,573
52,005
1,998
4,037
Ry. Co.
Operated by HaDover Branch Railway Co.
p Leased to Summit Branch RR. Co.
r Leased to Phila., Wilmington A Balt. RR.
$ Leased to Baltimore & Ohio Railway Co.
c
.
50
..
171,939
1,855
5,892
......
*32.745.905 #08.917,894 $134.818,848l#%.2f)5.900
#308.031,005 #33,452.234 #524,395,134 0,55153 35.170.294 75,687,7v0
t Leased to Penn. A New York Canal A RR. Co.
k Leased to Northern Central Railway Co.
Co.
w Leased to West Chester & Philadelphia RR. Co.
I Leased to
f Leased to Phila. A Baltimore Central RR.
q Leased to Fall Brook Coal Co.
'h Leased t9 Philadelphia & Trenton RR. Co.
57,950
7
7
11
’
3,327,00('
40ii’000
//LittleSchuylkill Navigation A
pLykens Valley
.\
//Midiin A Centre County
//Mill Creek A Mine llill Nav. A
//Mine Hill A Schuylkill Haven.
Leased to
101,389
30
31.850
Leased to Philadelphia A
36,931
7'68
l,02(:
28
110,850
1,182,550
102,725
Little Saw Mill Run
(/Littlcstown
Pennsylvania
30,308
17\’4)
495.904
l,3o0,20o
1,300,000
'/(Lehigh A Lackawanna
//Lehigh A Susquehanna
Lehigh Valley
//Lewis’).. Centre A Spruce C...
e
115
54-80
391,00;
1,484,2!)
8* 511
Ironton
inJamestown A Franklin
(/Jefferson
J unction
Lackawanna A Bloom-burg....
Lake Shore A Mich. Southern..
//Lawrence
b Leased to
45
2,();•(>
130.10c
lllU.OOo
•
Wilmington A Reading
Wilmington A Western
4,590,229
79.30
93,217
08,470
144,431
9
15,512,707
2,770,501
4,239,511
1,400,UU(
1,000,550
125,305
//'West Chester...
West Chester A Philadelphia
.
,
1,2*.0,00
Rani-burg A Potomac
Homer, Cherrytree A Susq
Huntingdon A Broad Top M...
//Western
,
82 20
4,331,130
.
.
100,090
20,000,000
.
/(Tyrone A Clearfield.
#1,788
2,191,488 #1,257,133
-
1.000,005
80,530.010
...
’8.2ic
2.599
414,877
1.72.4,142
1,102.600
.
Z/Ebensbtirg A Cresson
AElmira A Williamsport.
North Pennsylvania
Oil Creek A Allegheny
Pi thole Valley
Peach Bottom
4X1
O' Is
7-47
bit 01 It
Frankford A Ilolmesburg
Hanover Branch
//Harris!)., Portsm., M. Joy
0.065
1>. c.
i.
5,451,899
100.00.
bE. Brandywine A Waynesburg
/alast Mahanoy
(/Past Pennsylvania.
//New Castle A Beaver
4-12
107
12 80
14,875,931
603,970
868,029
2,278! £00
..
89,009
590,451
1,400,Out
084,235
A Western..
/(Nesquehoning Valley
...
352,80:
1.404.250
Dunkirk, Warren A Pittsburg..
Pittsburg.
/FayetteCounty.
.',841
39
2r. 000
94
22 80
7’25
2150
1.311.900
12...(i.40!
300,000
Cornwall
Cumberland Valley
Zdlunv., Hazleton A Wilkesbnrre
Delaware A Ilud. Canal A RR..
Dillsburg A Meehanicsbnrg —
Erie
/Erie A
7 42.15(0
0,126,500
1.127,312
370,1:1 ()
490,000
3,825,504
208. n-
'/'Columbia A Port Deposit
//.Connecting
19.033
88
20
3.99 i.w'i 1
1,740.35(
//Colebrookdalo
Del.. Lackawanna
1.54,;,930
548,229
430,095
420 000
//Cleveland A Pittsburg
1,119,182
expenses.
.'
i
17,175
20
43 20
2.Mi!) 000
58;. 00<
700.01):
1,8 i 0,50
1,000.71:7
(/Chester Valley
(/Chestnut llill
earnings.
85,422
913,800
operating dend.
*
428,711
/’Chester Creek
Total
#708
1,548,050
4,1;G. 179
#1.020
576.218
1,320.289
2,(.91.098
779.959
Divi¬
Total
Freight
earnings.
•50
2,25<). Iiot)
fChart-iers
earnings.
1
1
38 00
21 • 20
457,981
99,004
Pa-seimer
carried. tonnage.
51191
10
Unknown.
981,343
Gross
sengers
4‘50
387 f0
10,000
'
j
132
1.0* 0,0(10
1,000.00
i
laid.
|
...
79,001
OOd.UOl)
03,055 1
line
#1.054.J.29
10.653,410
454,900
1,000,000
Buffalo, N. Y. A Philadelphia..
Cutasauqua A Fogclsville ....
//*Catawissa.'
equipment.
880,202
50,992,210
of main To’l pas-
and
’
550,000
(/Buffalo, Bradford A Pittsburg
Buffalo, Corry & Pittsburg..
Floating
debt.'
#3,959.000
Ol’EIlATI ONS OF TH e Yeah.
| Miles
Cost of road
#013,03; i.
24.000,000
/•Barclay Coal Company
//Bedford & Bridgeport..
Bellefonte A Snow Shoe
,
1
2,•’(>(»,40d j
.
At'antic A Great Western
//Bald Eagle Valley
railroads in the State of Pennsylvania, as made to the Auditor
:
Funded
debt.
paid.
$506,744
Allen town
a
PENNSYLVANIA.
OF
RAILROADS
General, for the year ending
85
CHROMCLE.
THE
July 1>, 1873]
*
Ten months.
+ Now Wheeling, Pittsburg & Baltimore
** Five months and nineteen
daj s.
+
Per share.
! Scrip
dividend.
RR.
Mr19. 1873-
THE CHRONICLE
®ljc Commercial Cttnes.
(Commercial
epitome.
Friday
Trade
wears
a
.
midsummer aspect.
Night, July 18, 1873.
Large numbers of our
leading business men are at the watering places or in Europe,
and except in some domestic staples wliicli cannot be neglected,
or for which there is a shipping demand, the volume of transac¬
tions is quite small. What is termed the “ jobbing trade ” is
especially dull. Crop accounts are favorable for cotton and
winter wheat, and unfavorable for Spring wheat, Indian corn, and
potatoes. The money market continues easy. Gold has been
steady ; rates for ocean freights continue high.
Provisions during the past week have shown a decline for both
pork and lard. Pork opened with a fair demand, and new mess
has sold at $17 50 on the spot, but latterly there has been busi¬
ness at $17 12£ for August, with July quoted at the same figure ;
extra prime has sold at $14 25, and Western prime mess at
$16 37£. Lard has declined, owing, it is stated, to the want of
margin for shipments to foreign markets. Prime Western has
sold at 8 15-16c. for July, 9c. for August, 9 l-16c. for September,
9£c. for October, and 8fc. for December next. Bacon has been
firm, with a moderate business in long clear at 9c.; short clear
has been nominal in price at 9£c. Other cut meats have met with
a fair demand, and have generally been about steady in price ;
dry salted shoulders have sold at 7£c., dry salted long cut hams
at 12@12£c., and Western smoked hams at 15@161c.
Beef has
been in moderate request, and quoted steady. Butter has been
in light demand, but steady for prime grades.
Cheese has been
in good demand, and, contrary to expectations, showed some
steadiness, but latterly 12£c. has generally been the highest price
for prime New York State factory. To day pork was fairly active,
but at a fuither decline, new mess selling for July and August
at $16 90.
Lard was quiet; new Western sold at 9c. for August
and September, with 8f asked for July delivery. Bacon sold at
9Jc. for short clear. Butter was quiet and weak for the lower
grades. Cheese was steady at 12i@12|c., the higher figure for
fancy.
Metals show some new features. English tin sold to arrive at
29£@29£c. gold, and Straits on the spot 31$@32c. gold. Tin plates
also in demand, the sales including 1,750 bx&. charcoal terne, 14x20
at $10 37-£@$10 50 gold. Pig iron more active, with Glengarnoch
Scotch sold to arrive at $43. Ingot copper has declined to 27c.
New York.
Exports of Leading Articles from
The following table, compiled from Custom
the exports of leading articles from the port
House returns, shows
of New York since
all the principal foreign countries, and also the
January 1, 1873, to
totals for the last week, and since January 1. The last two lines
ghow total values, including the value of all other articles besides
those mentioned in the table.
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for lake.
Freights have been only moderately active, and rates by vessels
the berth, especially to Great Britain, have shown some weak¬
ness ; but petroleum charters have been made at rates never before
surpassed, if equalled. The Liverpool steamers have taken grain
at ll^@12d ; cheese at 70s, and bacon at 60s, with
grain by sail at
lOd. A Bristol steamer has obtained 14d for wheat, but charters
to Cork, for orders, with grain, have latterly been] made at 8@9d.
The extreme rates paid for petroleum include 9s 3d to Stettin,
7s 6d to Cork for orders, and 52^@55c per case to Odessa, and some
other very high figures have been reported. To-day, a Glasgow
steamer took four loads of grain at 10}@lld, but the freight
market was generally quiet.
Petroleum has beren doing better for refined at 17|@18c. in bbls.
on the spot and for
early delivery ; but crude has remained dull at
7|@7£c. in bulk, closing firm. Naval stores have been fairly
active, with strained rosin closing at $2 95® $3 05, and spirits
turpentine at 44£g45c., with 600 bbls. sold for shipment at 45c.
Wool has been more active, mainly for speculation; late sales
including 600,000 lbs. Montevideo Mestiza at or about 30@32c,
while domestic fleece has advanced in the interior markets 2@3c.
per lb. There has been a moderate movement in oils, including
crude sperm at $1 40 for export, northern whale at 63c., men
haden at 45c.; cotton seed oil held higher at 47*@50c. for crude
Tallow more active at 8£c. for prime, closing with this
price bid.
Whiskey has declined to 93c., closing dull.
Tobacco has continued fairly active for Kentucky, and
prices
show improvement in the finer qualities. Sales have amounted
to 1,000 hhds., of which 800 hhds. for
export, and 200 hhds. for
home consumption. Prices are quoted for new crop at 6ig8ic. for
lugs, and 8£@15c. for common to fine leaf. Seed leaf has been
much more active, but prices continue relatively low. Sales have
been: Crop of 1870,100 cases sundries at ?@9c.; crop of
1871,
200 cases at 7@50c.; crop of 1872, 400 cases Connecticut and Mas.
sachusetts, at 8@10c. for fillers and 15@18c. for seconds; 205 cases
Ohio 5£@6£c., and 550 cases Wisconsin 6@6£c.
Spanish tobacco is
without new feature; sales have been 550 bales Havana at
80@98c.
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July 19, 1873.]
Imports of Leading Articles.
[The quantity is given in packages when not otherwise
8?
CHRONICLE
THE
following is
usual table showing the movement of cotton at
from Sept. 1 to July 11, the latest mail dates.
our
all the ports
specified.!
—
Same
time
1871.
Same
Since
Jan. 1
1873.
time
1872,
Blea
9.500
31.266
391,350
powders...
Opium
Soda, bi-carb
Soda sal...,
Soda, ash
Flax
Furs
Gunny cloth
Hair
Hemp, bales
Hides, &c.—
3,336
...
.......
317,220
22,095
6,430
3,234
44.218
1,190
31,261
2,807
16,909 Tea
5,0i5 Waste
:,n)i Wines, &c.—
3.801
Champag’e.bksJ
4,594
♦47
419
2.146
406
26,777
•SO,fill
415
925
40,151
40,433
51,914
45,583
23.137
33 55:
7,603
2,363
4,534
3,972
3.928
79,844
115,530
1,023
912
6,974
32.538
1,347
13,381
28.703
2,814
1,931
2,142
Bristles
324,030
312,678
661,249
772,819
41,1*31
2,619
&
36,921 Tobacco
2 571
7S.011
874,288
boxes
16.669
,
76,591
68,031
& bbls
11,279
5,131
3,894
1.821
Hides, dressed..
India rubber......
Ivory
Tin,boxes
Tin slabs, lbs..
Sugar,
14,917 bags
"23,616
6,90 7
2,376
2,637
128.074
120,107 119,335
594,130
603,819
571,067
2987,"59 4,203.499 2,208.372
Steel
•2,233
4,511
891
1.940
331.9JU
11,672 Rags
582,331 Sugar, hhds., tea.
17.226
819,301
19,464
18,659
19,155
2,031
Indigo
Madder
O.ls, essential...
Oil, Olive
7.347
27,554
3,922
Hardware
36,611
21,<>35
6,611
19,703
699,3‘ 1
5,843
Brimstone, tons
Cochineal
Cream Tartar...
Gambier
Gum, Arabic....
4,062
3,832
3,369
2,720
571.735
536.686
Iron, KR bars..
183.909
Lead, pigs
191,906
326,348
4l90,Cf9 7.953.541 3,970.779
Spelter, lbs
Cutlery
China
10,260
Earthenware.... 29,827
314,501
Glass
Glassware
22,119
6.316
Glass plate
3,011
Buttons
32.759
Coal, tons
Bark, Peruvian.
1872.
time
1871.
895,314
799,517
39,779
615,934
779,334
31.901
3,3 <o
2,220
98,182
89,493 104,561
7.
Wines
92,499 110,312 107,508
2,'24U
66,91'2
34,808
S4.002
4,400 Wool, bales
1,779 Articles reported
,210 by value—
1299,257 1,133,115 *974234
23,955 Cigars
50,2i4
83,465
53,205
1,0=8 Corks
500,800
791.649
501,402
6S.903 Fancygoods
Fish
202,112 185,259
156,294
30,473
26.287 Fruits, &c.—
343.932
440,992
413,544
Lemons
8.142
1159.129 1.299.636 1,114,433
3.690
Oranges
622.242
831,600
553,997
0,865 Nuts
761.292 537,594
645,=08
Raisins
3,494
6J.435 Hides undressed. 7321,960 6,579,283 7.236.920
456,339 553,978 581,139
iKlce
1,211 Spices, &c.—
477,087 336.112
11,694
Cassia
: 235.718
54,150
46,451
24,775
24,114
Ginger
72.720
70,155 326 692
2,390 Pepper
186.593
66,25) 126,183
Saltpetre
PORTS.
New Orleans
.
Mobile
Charleston....
Savannah
Texas
New York
....
Florida.-.
No. Carolina
Virginia
Other ports
..
Total this year
j
Britain. France.
1871.
1227,752 | 952.213
326,670 | 285,542
362,2=1 ! 267,934
603,402 1 417,770
£32,713 j 189,462
153,487 -101.33-2
12,014 i 18.697
53,108 j 51,600
409,372 1 271,426
55,4=7 j-112,163
3533,286 1
115,290
207,154
166,372
470,945
5,9:5
34,145
4
f
500
:J05,<
56
511.075
18.087
•
•
80,922
....
15,014
53,960
5,<r?2
#
405,722
•
•
....
27,474
200
1814,099
....
7,832
6,267
244J-.79
108,933
3/K,‘221
....
5,672
32,8^8
206 638
fOO
....
m
132.:so
156 654
22,699
127,=09
32,564
43,608
209,377
1 ft.306
1141,98
248.897
16.222
114.835
247.472
•
•
•
38,511
10.S37
Stock,
Ports.
Total.
For’gn.
187,191
1.073
18,665
28,258
6,100
705.857
^
Coast¬
wise
Other
Great
1=72.
1 TO—
EXPORTED SINCE SEPT.
RECEIPTS
SINCE 8EPT.1.
Same
Metals,&c.—
China, Glass and
Earthenware-
Cocoa.bags
Coffee,bags
Cotton, bales
Drugs, &c.—
Same
time
Since
Jan. 1,
1873.
....
1.580
6,379
20,000
....
197,54*
493,193 2554,764 142J.629
'
Total last year
....
There has been
no new
125,90
1911,966 1092.763
314,443
181,623
12701,189 1415,900
in the market for
feature developed
spot cotton the past week. The decline in prices ruoted in our
last to 20£e. for middling uplands was not recovered until to day,
when the old quotation of 21c. was restored. This recovery was
due to an increased demand the latter part of the week, probably
the result of the
hardening tendency indicated in the Liverpool
advices, brought about by our Agricultural Bu*eau report issued
this week. Here that report had no influence whatever, as the
information it is based on does not pretend to be brought down
to a later date than the last of June, and is therefore a mere echo
complaints which were afloat then, resulting from the long
continued rains. Favorable weather since has completely changed
the condition of the crop, and hence the report was without effect
here except as the temporarily increased activity it produced at
of the
Liverpool, reacted upon our market and led to a more extended
demand. For future delivery the week has been one of consider¬
613
706
S7S
Cork
able activity and excitement.
266,638 210,701 175 979
The marked decline reported in
Watches....
60.921
27.692
29,940
331.884
323,868 440,777 Fustic
Linseed
our last resulted in a natural reaction as the week opened, which
297,916 189,103
251,091
89,535
103,646 Logwood
79,379
Molasses
83,785
65,881
culminated on Wednesday, under the influence oL the improve¬
69,295
Mahogany
ment at Liverpool, and the manipulations of the clique .which has
Receipts of Domestic Produce for the Week and since
of late controlled the market, showing an advance of £e. for July,
January 1,
1 1-16 for August, £c. for September, 15-32o. for October, 3-16c. for
Same
Since
This
Since
Same
This
November, and £c. for December. Yesterday there was a break,
Jan.l. time ’72
week.
week. Jan. 1. time ’72.
the early months being 3-16(a|c. lower, and to-day the later
966
1,527
Pitch
135
4.080
Ashes... pkgs.
3,801
The close, howevei, was fairly
106.180
80,459 months shared the decline.
Oil cake, pkgs.
2,57u
Breadstuffs—
4.172
50
1,012
69,245 1.656,001 1,32-2,853! Oil, lard
Flour..bbls.
steady at the decline, with a slight recovery for August. The
697
62,010
54,159
524 171
8,516.273 3,026,249 Peanuts, bags..
Wheat..bus.
prices last reported were: For July, 20 9 16c.; August,* 20;
438,757 7,909,722 17,392.390! Provisions—
Corn
22,497 411.653 308,223
Butter, pkgs.
466,725 5,993,570 5,011.066!
Oats
September, 18 5-16c.; October, 17 13 16c. The total Bales of this
668,669 498,164
92,754
Cheese
37,861
336,242
236,900,
Rye
description for the week are 85,500 bales, including
free on
2.220
390,312 238,120
731.659 1,307,668:
Cutmeats....
24,877
Barley, &c..
298,515 296,S3b*
6.922
board. For immediate delivery the total sales toot up this week
54,688
95,293;
Grass sd.bgs
Eggs
541
101,108 107,146
Pork
395
22,292
23,247
Beans, bbls.
13,619
7,747 bales, including 960 tor export, 3,864 for consumption,
46s
16,399
80 J
87,372
157,090;
Beef, pkgs...
Peas,bush..
2,052 270,211 252,523 2,923 for speculation, and
5.728
137,803
106,047,
Lard, pkgs...
C. meal.bbis
in transit. Of the above 606
108
18
505
14,999
Lard, kegs...
511,812
362,200
14,151
Cotton.,bales.
bales were to arrive. The following are the closing quotations :
166
7,492
7,520
3 440
91
3,195 Klee, pkgs
Hemp ..baleB.
Jewelry. &c.—
Jewelry
m
#
No.
8,031
24
43,905
1,445,964
2,343
98
25.918
1,158
Rosin
Tar
173,036
15,087
68 i
Tallow, pkgs...
870
3,007
4,335
3,897
2,508
.
23,624
68,919
70,916
101,280
42,330
93,812
4,747
23,5 !0
145,747
39,8^2
112,393
33,523
80,213
Ordinary
per
By special telegrams received to-night from the Southern ports,
in possession of the returns showing the receipts, exports,
&c., of cotton for the week ending this evening, July 18. It
appears that the total receipts for the seven days have reached
13,883 bales against 15,181 bales last week, 12,428 bales the pre¬
vious week and 17,686 bales three weeks since, making the total
receipts since the first of September, 1872, 3,552,169 bales against
2,703,608 bales for the same period of 1871-72, showing an in¬
crease since September 1, 1872, of 848,561 bales.
The details of
the receipts for this week'(as per telegraph) and for the corres-
1,336
bales.
New Orleans
Mobile
Charleston
Savannah
522
•-
1.579
1,740
-
300
Texas
Tennessee. &c
4,571
10
199
Florida
1870.
1871.
1872.
1873.
4,553
520
<0
281
244
96
534
1869.
600
2,145
S36
1,226
2,564
1,401
1,042
1,423
658
937
13
342
696
631
20
290
234
866
531
£0
601
436
1,067
1868.
S3
104
501
1,400
101
547
....
....
we
Exp’t.
Saturday
Monday
Tuesday
Wednesday
Thursday...
Friday
*84
cts.
20
20 1-16
bales.
30J
600
20*
2,250
20 5-32
2t0
......20 3-16
1,550.
2,500
200
20 15-32
for the week ending this evening reach a total of
23,593 bales, of which 21,387 were to Great Britain, 656 to
France, and 1,550 to rest of the Continent, while the stocks as
made up this evening, are now 177,561 bales.
Below are the
exports and stocks for the week, and also for the corresponding
1,300
20*
The exports
Stock.
Week ending
Jdly 18.
New Orleans
Mobile
Charleston...
Savannah
Texas
New York...
Other ports..
xutal.....
S'nce 8ept. 1
France
G.Brit.
646
7,858
Contln’t
1872.
13,725
1,032
6,431
1,424
34,411
11,953
4.327
6.328
11,046
•8,267
1,618
80.591
l.OCO
75.752
203
203
26,000
16,000
3,243
1,914,180
177,561
114.662
9,519
3,125
*
*‘io
5
21.387
I 656
1,835,486
248,128
1,550
494,743
„
1873.
2*449
1,545
S’.i25
2*449
8.252
Total this Same w’k
1872.
week.
203
23,593
2,578,357
<22
@....
©....
<3....
sit.’
Total,
560
402
736
2,923
®....
(a.....
and price of
1,649
14*
7,747
....
Mid¬
low
IT?'
2,410
1,990
649
37
3,864
»....
j Ord’ry. Ord’ry. Midl’g. dling
14
14
14
14
14
....
1,468
11,287
(3....
(§>....
PRICKS.
*263
506
14*®....
18
19
20
21
23
@....
Good
Tran¬
....
17*
17*
17*
17*
18..
20*
20*
20*
20*
19*
19*
19*
19*
19*
-11 ,«*
,
It*
20
....
300
300
700
300
20*
20 9-32
20 5-16
20*
20 7-16
100
20 17-32
200 no not this
19 7-16
19 15-32
7C0....
4.6C0....
’.9*
700.... ....11/ 17-32
...19 S-16
1,700....
'
600,...
19*
200.... ...19 21-32
2,400.... ....19 11-16
19*
2.700.... ....19 13-16
200.... ....19 27-32
1,300....
....
....
£00.... ....19 29-32
5.300 ... ....19 15-16
1U0....
20
6,400....
600....
3,100....
300
20 21-32
3.200....
1,000
200
20 11-16
2,000....
700....
20*
200....
17,300 total July.-
bales.
100
500
£00
600
43,200 total Aug.
For September.
13 1-1S
800..
GO
1,000..
1,500..
400
.
300
200
l*c. paid to
1 7-l6c.
1 11-16C.
.
17
17
17
17
cts.
25-32
13-16
27-32
15-16
18
18 1-32
18 1-16
6.4C0 total Oct.
1,000..
100..
For November.
300
17 7-16
200
17*
200
17 9-16
18 9-32
400..
135-16
3,£00..
48*
1,100..
18 7-16
5:400
18*
100..
400..
£00..
10C..
18 9-16
100
17 11-16
13*
ICO
17*
For October.
sat..
1719-32
500..
17*
800..
1,300..
17*
1811-16
—
17*
following exchanges have been made during
The
’
1,100
18 S-;6
18 7-32
10,900 total Sent.
20 3-16
20 7-S2
20 23-S2
cts.
20*
900..
3,800....
week..,.2o 9-16
20 9-16
20 19-32
1.200
3 100
20*6
500
bales.
500..
19*
1,100....
1,100....
4.900....
week of last season:
Exported to—
<&....
For August.
cts.
bales.
For July.
2.171,714
2.703,603
...
Texas
For forward delivery the sales (including
free on board)
have reached during the week 85,500 bales (all low middling or
on the basis of low middling), and the following is a statement of
the sales and prices :
2,109,567
3,552,169
Sept.l
ula’n
960
Total
3,956.798 2,854,031
Total since
Spec-
551
325
3,835
10,66?
Consump.
560
139
230
858
790
*
3,564
2,419
116
(©
BALES.
9,474
13,833
Total this week
.
18
19
20
21
23
@>....
@....
&....
<&....
&....
give the sales of spot and transit cotton
109
231
63
621
Virginia
14*®....
IS
19
20
21
23
&....
@....
@...,
20
21
23
Middling
583
2,996
North Carolina
14*®....
18
19
we are
Received this week at—
11).
Good Ordinary
Strict Good Ordinary
Low Middling
Below
Friday, P. M., July 18,1873.
New
Orleans.
Florida.
Good Middling
COTTON.
Mobile.
Upland and
558
*
Tobacco, pkgs.
Tobacco, hhds.
36.820 Whiskey, bbls.
325,975! Wool, bales .
21,974 Dressed hogs, No.
5.800
33,503
300,066
171,072
10,547
Sugar.hhds....
30,4L4|
5.221;
Naval Stores—
Cr.turp bbls
SDirlts turp.
14C
nil
22,615
...
6,145
415,631; Starch
6,3 31 Stearine
1,910,8=6; Sugar, bbls
383,658
6,103
Leather.sides
Molasses, lids,
Do.,
bbls
Woods-
9
Hops.. .bales.
Hides
2,906
1.800 total Nov.
For December.
2i0
17 7-16
9C0
17*
100
17*
200
17 V
1,400 total Dec
the week
exchange 200 September for August.
“
800 September for August.
**
1,000 September for August
:
The following will show the closing prices each day on the
basis of low middling uplands, for the several deliveries named:
Fri.
Sat.
Mon.
Tues.
Wed.
Thur».
Frl.
On spot....19*
19*
19*
19*
19*
19*
20
..19 *
20*
20 11-16 20 9-16
20 9-16
July;
20 1-16
20 7-16
AugU't... .19 5-16
19*
19 15-S2
19 13-16
20*
20 S
20
September.18 1-16
16*
18*
18*
18 5-16
18*
18 7-16
17*
17*
17*
18
October... 17 9-16
18 1-82
17 13-16
*17 7-16
HA1"16
November. 17*
17*
}2£
IT*
December *17*
17*
1<*
If*
«•••
17*
'
,
increase in
to-night are
with the corresponding week of last season, there is an
the exports this week of 20,350 bales, while the stocks
62,899 bales more than they were at
this time a year ago. The
*
After ’Cfiang#.
J
ill
THE
8S
Telegraph.—The past week has been
throughout the South, except slight ones, which
Weather Reports by
free from storms
fMv 19, 1878.
CHRONICLE
18732.
mended and found so effectual in 1869 is
circumstances.”
Yours, respectfully,
applicable to the
B. F.
•
present
Nourse.
Our misunderstanding of 'Mr. Nourse’s letter arose from the
In fact showers are j ust now very desirable,
and there is considerable complaint because they have not been fact that lie quoted in it advice given by hiiu in 1869 to the effect
more frequent.
We have also received some reports of the reported by us, and closed by saying that the “ capable managers
of our mills-best know bow far the policy recommended and
appearance of caterpillars, but no particular damage has been found so effectual in 1869, is
applicable to the present circum¬
done by them, nor do we think there is any danger to be feared stances”,
We imagined that under this closing sentence lie
from that source so long as the dry weather continues.
At - New intended to advise the following out of the same policy now,
Orleans they have had two days rain ; slight showers.
At Mobile which was so effectual in 1869 ; but it seems that we were in error/
Bombay Shipments.—According to our cable dispatch received
they have had light rain on three days, but more is needed crop
l.o-oay, there have been 6,900 bales shipped from Bombay to Great
accounts are conllicting; at some points stands have been dam¬
Britain the past week and 8,000 bales to the continent, while the
aged by cleaning ; there are also reports of caterpillars, but our receipts at Bombay, during the same time have been 2,0(10
correspondent considers them of little importance as yet. They bales. The movement since the first of January is as follows.
were
greatly needed.
have had rain
on one
These
are
the figures of W. Nicnl & Co., of Bombay, and
brought down to Thursday, July 17 :
day at Montgomery; the fields are now
-
are
but caterpillars have reallyappeared,
---Shipments tliis week to—>
Shipments since Jan. 1 to—,
ConConWeek’s
Great
Great
though the injury, if any has been cone, is very limited. At
Britain
tinent.
Total.
Total, receipts.
Britain.
tinent.
Selma it has been warm and dry all the week; the crops are
828,000 2,000
6,000 8.000 14,000 631,000 197.000
6,000 4,000 10,000 578,000 234.000
812.000 1,000
needing rain ; caterpillars are also reported, but thus far they are
believed to have caused very little damage. It has been warm and
2,000 8,000 10,000 598,000 290,000
888,000 11,000
dry all the week at Macon. At Columbus they have had some
From the foregoing it would appear that compared with last
rain, but not enough to do much good ; the laborers are vear there is an increase this year in the week’s shipments from
working well. It has also been warm and dry at Savannah ; Bombay to all of Europe of 4,000 bales, and that the total move¬
cro’p accounts are more
favorable.
From Augusta our ment since Jan. 1 shows an increase in. shipments of 16,000 bales
telegram states that it is very warm ; that they have had rain compared with the corresoonding period of 1872.
but not enough to do much good.
It raiued th<j early part of the
Our cable dispatch to-night further states that the rains are
week at Charleston, but has since been clear and pleasant; the crop
still continuing abundantly and satisfactorily.
is developing promisingly.
There has been no rain during the
Gunny Bags, Bagging, Ac.—The market for domestic cloth
week at Memphis, but in the interior there were two partial
showers; late cleaned crops are suffering severely from the want closes firm and steady, with prices ranging a shade higher than
of rain ; it is now raining.
At Nashville it has been warm and last week ; sales for the week aggregate about 6,000 rolls at 13f a)
dry all the time, with the exception of three showers ; more is 14c., and possibly a shade lower ; at the. close we quote 13£@14e. for
needed yet; the crop is developing promisingly.
The ther¬ round lots, and 144@144 for smaller quantities. Bags are quiet, with
mometer at Memphis lias averaged 84, Columbus 87, Macon 80,
but little inquiry ; prices have eased otf to 13-.V@l3fc.,and in B ston
we note sales of some 3,000 rolls as low as 13c. For jute butts there
Savannah 85, Mobile 84, Montgomery and Selma 89.
First Bale of New Cotton.—On Tuesday, the 16th instant, seems to be considerable inquiry from bagging consumers, and
The
the first bale of Rio Grande cotton reached New York, and was sales of some 4 or 5.000 bales have been made at
sold in'front of the Cotton Exchange by John H. Draper A Co., demand from the paper manufacturers is quite limited, as they
seem to lie holding off; the market at the close is quoted firm at
auctioneers, at thirty-six cents per pound. It was purchased by
l^c. Rejections—sales of 1,000 bales at 24c., 60 days.
L. N. Freeman & Co., of this city, and by them sent to O. Arnold
A Co., print cloth manufacturers, in North Adams, Mass.
This
Visible Supply of Cotton as Made up by Cable and Tele¬
jcotton
was
shipped from Brownsville, Texas, reaching New graph.—Below we give our table of visible supply, as made up
Orleans July 10, and was there classed strict good ordinary, being
by cable and telegraph to night. The continental stocks and afloat
good staple but, badly ginned and somew hat stained. Last year are the figures of last Saturday, but the totals for Great Britain
the first Texas cotton was received at Galveston, July 16, and at are this
week’s returns, and consequently brought down to Thurs¬
New Orleans July 18, and at New York July 22.
day-evening; hence to make the totals the complete figures for
^Stoppage of Mills.—In our item on “ The Situation” in the tonight (July 18), we add the item of exports from the United
Chronicle of last week, we stated that the letter of Mr. Nourse States, including in it the exports of Friday only for Great Britain,
to the Boston Daily Advertiser advised spinners to shut up their
but for the Continent the exports of the entire week.
mills a month longer than usual, Ac.
Our remark has called out
1871.
3872.
187 5.
the following from Mr. Nourse in correction of our statement,
85 Hi. 000
Stock at Liverpool
973,000
660,000
which we gladly give place to:
Stock at London
79,51 s
203,750
239,000
Boston, July 14, 1873.
clear of weeds and grass,
,
„
-
.
Messrs. Editors:
I object to your
free translation of my letter to the Boston
Daily Advertiser of July 8, as given in the Chronicle of July 12.
An average stopping of the northern mills for two weeks would
be 4 per cent of the year’s production of goods, quite enough to
avert accumulation in nearly all styles of cotton goods, and to
cause scarcity in many lines of them ; while it would reduce the
cousurnption of cotton 40,000 bales. Lender the very high price
of cotton in July, 1869—33 to 33^ cents for Low Middling to
Middling—and the danger of severe loss if unsaleable goods ac¬
cumulated, it was well enough to advise stopping four weeks.
The actual stopping that year did not probably exceed an average
of two weeks, vet it was very effective.
Now, with the same
grades of cotton at 194 to 204. the room for decline and loss is far
less, and a smaller cutting down of the production would be
suliicient.
On October
1, 1869, the stock of cotton in the ports of Europe
was 583,000 bales, and our crop that year proved to be 3,155,000
bales. A year later the stock was 759,000, and our crop 4,352,000
(October 1) the stock will probably be about
1,600,000 bales, perhaps more, and the growing crop planted
upon land enough to produce 6,000,000 bales in a thoroughly
favorable season, but injured actually and prospectively by the
rains in June, may turn out anywhere between 3,750,000 and
5,000,000 bales. If only 4,000,000, about the same as the crop of
1872-3, then in itself and in the stock in European ports next Oc¬
tober, there will be nearly 2,000,000 bales more supply for the
following year than existed in the year 1869-70, if the production
bales.
This year
of other countries shall be the same as in that year.
In August and September, 1869, Middling Upland
worth 35 cents ; in October it had fallen to 264 cents.
Marseilles
Stock at Barcelona
5-1,000
StocK at
11,000
50,000
75,0')0
7,000
50,000
11,000
00,50)
Stock
at
Hamburg
80-000
16,000
61.000
"
57.250
Stock at Bremen
301.000
Stock at Amsterdam
Stock at Rotterdam
37,000
Stock at
„
20.500
40.000
16.000
Stock at other continental ports
.83,000
110,000
92,009
Total continental stocks
501,000
589,000
390,000
3,002,75!)
European stocks
400.000
Europe
170 000
American cotton afloat for Europe
50.000
Egypt, Brazils, &c., afloat for Europe*...
1,8)7.000
1,129,518
Antwerp
Total
'
5! 8.001
778,000
01.000
India cotton afloat for
Of the
173.501
114,002
28.805
9,075
16.216
3,000
1,000
5,0.00
2.571,337
Stock in United States ports
Stock in United States interior ports.
United States exports tuis week
177,(-00
50,000
156,319
2.312,053
(JO,000
above, the-totals of American and other d< ascriptions are as follows
:
A merican—
335, f00
Liverpool stock.
303.000
310,000
Continental stocks
250,000
185,000
170,000
177,501
01,000
111,002
23,805
9,075
1,000
16.216
i 090,337
953.535
American afloat to
Europe
United States interior stocks
'
United States expoi ts
this week
3.000
spinners, especially in corporations, will not speculatively sell
out cotton once laid in for use.
The few exceptions to that rule
Total American
.bales.
998,300
in 1869-profiled by most of the above difference on what cotton
East In dian, Brazil, &c.—
533.000
they could spare. No doubt a material decline from the present Liverpool stock...
London stock
202,750
prices is expected, and ought to occur by October if the growing
Continental stocks
crop does well ; but at most, it must be far less than was probable
303,000
(and actual) in 1869, when in July such sales were advised. With¬ India afloat for Europe
100,000
out intending to recommend sales of mill cotton, which would be
Egypt, Brazil, &c., afloat
50,000
unheeded if given, the same general policy that was so successful
in 1868 and 1869—that of reducing the production of goods and
Total East India, &c
/
the consumption of cotton—was proposed in my letter. But the Total American
998,300
advice to stop the mills “ a month longer than usual ” originated
in the Chronicle.
1 named no period, but said: “ The capable
Total visible supply
.hales. 2,504,310
managers of our mills best know how far the policy recom¬ Price Middling Uplands, Liverpool
B^d.
27,00ft
11,500
739,518
35,000
351,250
United States stock
cotton was
As a rule
1,218.000
213,000
19,000
03,000
3,093,750
Total Great Britain stock
Stock at Havre
.
-r-n
&
•
-
211,000
177.000
356,319
5.000
275,0f0
000.000
239,000
79,518
"
176.000
404,000
518,000
60,000
578.000
1,881,000
1.358.518
953,555
090.337
2,-571,337
10%d.
50,000
2,312,053
9Xd-
July 19, 1873.]
decrease in the cotton in sight, to¬
night of 67,221 bales as compared with the same date of 1872,
and an increase of 192,063 bales as compared with the correspond¬
ing’ date of 1871.
.
'
Movements op Cotton at tiie Interior Ports.—Below we
These
figures indicate
a
give the movements of cotton at the interior ports—receipts and
shipment s for the week, and stock to-night and for the correspond¬
ing week of 1872;
—Week ending
July 19, ’72
Receipts. Shipments. Stock
278
350
3,048
5
51
289
30
30
4G5
12
38
738
104
450
312
3,982
6
515
1,049
ending July 18,1873
Receipts. Shipments. Stock.
419
216
3,938
Augusta
370
2.139
94
Columbus
446
75
1,933
Macon
284
46
2,029
Montgomery...
19
597
15
Selma
2.564 10,660
1,565
Memphis
125
225
7,509
Nashville
,—Week
4,021
2,439
•
•
•
•
•
643
28,805
•
•
•
1,434
to-night 19,130 bales more than
have been 1,796 bales
ing the week 1,585 bales, and are
the same period last year.
The receipts
more than the same week last year.
The exports ot cotton this week from New York show a de¬
since last week, the total reaching 8,267 bales, against
crease
bales last week.
8,286
Below
give our usual table showing
we
exports of cotton from New York, and their direction
for each of the last four weeks; also the total exports and direc¬
the
tion since
the
same
Varuna
September 1, 1872 ; and in the last column the total for
period of the previous year :
was picked cp
time since and taken into -St. Thomas, sailed for her
original destination June 26, having repaired. Except the corn, which
was ordered by the Danish Government to be thrown away, nothing
of
her cargo has been touched.
(iOLD, Exchange and Freights.—Gold has fluctuated the
week between 115f and 116$, and the close was 115$„
Foreign Exchange market is quiet.
The following were
the last quotations:
London bankers', long, 109$@109f; short
I10@li0$, and Commercial, 108$@109.
Freights closed at
$d.@7-10d. by steam and 5-16d.@fd. by sail to Liverpool, lcgold by steam and lc. by sail to Havre, and lc. by steam to
Hamburg.
By Telegraph from Liverpool.—
Liverpool, July 18.—5 P. M.—The market has ruled quiet to-day, with sales
footing up 12,000 bales including 2,000 bales for export and speculation. The
sales of the week have been 71,000 bales, of which 9,000 bales were taken for
export and 5,000 bales on speculation. The stock in port is 897,000 bales, of
which 363.000 bales are American. The stock of cotton at sea, bound to
this port is 443,000 bales, of which 111,000 bales are American.
Same
time
Total
to
prev.
year.
date.
July
July
July
2.
9.
16.
5,984
8,286
8,252
....
June
25.
....
July 4.
July H.
July 18.
bJ.POO
7,000
June 27.
Total sales
Sales for export
Sales on speculation
Total stock
Stock of American
Total afloat
American afloat
70,000
5,000
71,000
9,000
62,000
5,000
4,000
5,000
Other British Ports
....
Total to Gt. Britain
5,984
6,389
....
8,286
390,000
..365,000
897,000
376,000
363,000
518,000
569,000
“
..
Report—The market for yarns and fabrics at Manchester is
not quotably jower.
Trade
prices
325,709
5,995
946
119
10
....
....
...
..
.
245
....
6,995
Markets.—In reference to these markets
European Cotton
correspondent in London, writing under the date of July 5,
states:
Liverpool, July 5.—The following are the prices of middling
qualities of cottou, compared with those of last year:
Bremen and Hanover
i
4,697
349
....
5
8,329
....
....
49
Europe.
5
31,409
,-Good & ,-Same date 1872—
Florida
14
Ord.
Upland... 6%
Mobile.... 6?£
N.O& Tex 6%
G.Ord.
m
m
g’d fair—*
22
19
19
17
16
L.Mid.
Mid.
8 5-16
24
20
8?*
Mid. Fair. Good.
Fine.->
30
22
9%
9)4
9*
10
10
10 %
30
28
24
22
42
G.Mid.
G.Mid. Mid. F. Mid.
8%
8%
9*
Vi
Vi
Vi
Since the commencement oi the year
tion and for export have been :
6,870
a
,
...
Sea Island..;..
1,141
49
Hamburg
Other ports
5,380
10
....
/—Ord.&Mid—»
11 1-16
11*
11 5-16
11)4
u#
11%
44
34
M.F.
11%
Vix
1,065
18,383
Total French.
Total to N.
2,826
dull but
are
322,883
419,197
8,252
245
Havre
Other French ports
477,690
1,507
5,000
’918,000
Fair &
6,389
Liverpool
3,000
917,000
883,000
443,000
459,000
160,000
130,000
115.000
111,000
The following table will show the daily closing prices of cotton for the week:
Sat.
Mon.
Tues.
Wed.
Thnrs.
Fri.
Price Mid. Upl’ds. 8%©.... 8%®.... 8%®.... 8#® ..
8%@.... 8%®....
Orleans. 9 @.
9 @
9 ®
9 @
9 ®
9 @
our
EXPORTED TO
some
past
exports of Cotton (bales) from New York since Sept.l, 1872
WEEK ENDING
(Br.), Berry, from New York for Liverpool, which
abandoned
9,675
The above totals show that the interior stocks have decreased dur¬
at
89
CHRONICLE.
THE
i
r-Taken
on spec,
to this date—»
1871,
the transactions on specula
Actual exp. from
Actual
Liv., Hull & other exp’tfrom
U.K. in
outports to date—,
.r
1872.
bales.
Spain,Oporto& Gibraltar&c
All others
Total
Spain, Ac
1,L6
2,741
....
....
....
l,i96
2,741
....
....
....
....
6,229
6.4:38
.334.840
519,312
8,267
8,286
following are the receipts of cotton at New York, Boston*
Philadelphia and Baltimore for the last week, and since September
The
1. 1872i
NEW YORK.
BOSTON.
PHILADELP’lA
Since
This
week. Sept.l.
Since
This
week. Sept.l.
BALTIMORE.
bsob’ts promThis
1
week.
Since
}Sept. 1.
3,802} 120,528,
Texas
Savannah
Mobile
Florida
S’th Carolina.
N’th Carolina.
1,510 >
1,257!
.
..
2.282
j
317
59,909,
165,432
•
•
•
50,709
18,726 j
•
20
1,494
158,6991
29,010, l
[Since
9851
....
....
331
355
511
132;
81,716.
83.683!
39
8,118,
Tennessee, &c
Foreign
3,359
151.317,’
7
11,126
92
78
239
10,041
18,197
<r
336|
8,883,
Total this year
15,144/
925,017,
1.247
Total last year.
2,451^
711,735 jj
158
l,701^274,90i;|
112
-
.
.
...
209
1
J
17,492
....
462
1051
....
326,307!
11,820
....
•
....
374
....
23,645i
....
Sept.l.
....
....
14,436)
North’ rn Ports
20.556
42,283
1,097
14,545
...
..
1,4661 52,611!
481!
878'' 101,358
111)407,089
69,003
of cotton from the United States
past week, as per latest mail returns, have reached 12,651
bales. So far as the Southern ports are concerned, these are the
Shipping News.—The exports
the
same
exnorts
bales.
bales.
American...
88,110
167.860
81.090
202,100
63,907
58,498
2.230
51,990
8,124
25,782
Egyptian.
5,600
31,400
18.860
5.098
4.673
830
3,520
5,937
6,230
38,980
195,650
6,200
52,230
91,379
132,223
132,030
42,280
11,040
23,680
533,740
135,750
479,520
331,380
177,445
226,406
742,770
reported by telegraph,and published in
The Chron¬
last Friday, except Galveston, and the figures for that port
are the exports for two weeks back.
With regard to New York,
we include the manifests of all vessels cleared up to Wednesday
icle
night of this week
:
Total bales.
Liverpool, per steamers Celtic, 822 — Samaria, 432 —
Scotia, 705... City of London, 1,026 — Pembroke, 206
Greece,
1,515
Minnesota, 2,865
Lapland, 253. ..per ship Astronomer,
New York—To
384
per bark Olive Branch, 34
To Havre, per steamer St. Laurent, 10
To Antweip, per brig Vitesse, 5
New Orleans—To Liverpool, per steamers
E.
.
Indian..
Indian..
Total.
...
—
Andean, 2,384 — Cordova,
8,252
10
5
J
present stock of cotton in Liverpool 424 per cent is
American, against 33 1-3 per cent, last year. Of Indian cotton the
proportion is 34 1-3 per cent, against 36 per cent.
Of
the
BRE ADSTUFFS.
Friday P. M..
1,710
3,638
1,099
41.114
This
week.
12,0331
....
2,182; • 21S.597,
Virginia
bales.
1872,
1873,
W.
Grand Total
New Orleans..
1872,
bales.
Brazilian...
..
1873,
bales.
.
July 18. 1873.
irregularity in prices during the past
week, but, on the whole, has been quite active, with an advance
paid towards the close. In fact, our quotations are in most cases
advanced 10@25c. per bbl.
The export demand has been very
good ; fair extra Western brands have been salable at $6 50, on
the spot, and the sales of this week embrace 12,000 bbls. of this
grade, to arrive, at $6 60. There has also been & consider¬
able business in No. 2 at $4{a)$4 25, and in superfine at $5 40®
£5 50, part for export to British outports. The season of the
year has arriveu when the production of flour is, considerably
reduced, and some special circumstances contribute to a reduction
ot supplies.
To-day the market was very sirong, and the sales
embraced 5,000 bbls. extra Western, for August, at a private
price, but understood to be in the range of $6 60@$6 75.
Wheat has been in good demand and prices at the close show
some improvement.
Early in the week the offerings were re¬
duced by a break in the Erie Canal, and No. 2 Milwaukee being
wanted to complete cargoes the price gradually advanced to $1 50
on the spot, while selling for arrival at $1 46, and other
grades
on the spot showing no improvement.
On Wednesday, receipts
from the break were at hand, and No. 2 Milwaukee declined to
Flour has exhibited some
4,279
105 $1 47@1 48 on the spot, with further sales for arrival at $1 46 ;
Total...
12,651 but the general market was firmer; No. 2 Chicago and North
The particulars of these shipments, arranged in our usual form West brought $1 43@1 46, and there were large sales of No. 3
are as follows:
Total.
Spring at $1 35@1 40, with a good business in No. 1 Spring at
Havre.
Antwerp.
Liverpool.
5
10
8,267
8,252
New York
4,279 $1 52® 1 54, to arrive and on the spot. Yesterday, No. 2 Milwau'
4,279
New Orleans
105
kee recovered to $1 48@1 49, but other Spring wheats quiet
105
Baltimore
5
10
12,651 Winter wheats attract more attention ; small supplies of the new
Total
12,636
crop have been received from Delaware and Maryland, and open
Below we give all news received, during the week, of disasters
at $1 75® 1 80, and we understand considerable quantities are
to vessels carrying cotton from any port of the United States:
1,610 ...Minnesota, 255
Baltimore—To Liverpool, per steamer
Nestorian, 105
....
....
....
—
e
[July 19, 1873.
CHRONICLE
THE
90
The Visible Supply of Grain, including the stocks in
Amber Wisconsin Winter sold yesterday at
granary at the principal points of accumulation at lake and
$1 60, and sales of White Michigan have been made at $1 77© seaboard ports, in transit on the lakes, the New York canals, and
1 80.
To-day supplies were again interrupted, and No. 2 Milwau¬ by rail, was July 12,1873:
Barley.
Oats,
Corn,
Wheat,
kee sold at $1 50®1 51.
bush.
bush.
bush.
hush.
Indian corn, with holders favored by the small supply resulting In store at New York
753,735
8,592
1,234,588
24,200
65,000
60,000
from the break in the canal, advanced until, on Tuesday, prime In store at Albany
114,908
547,621
In store at Buffalo
968,199
37,584
3,420,068
canal mixed sold at 61@62c, but under the influence of liberal In store at Chicago
10,000
214,000
113,000
In store at Milwaukee*...
supplies prices declined on Wednesday to 58@59c, and yesterday In store at Duluth
254,793
3,510
626,992
In store at Toledo
to 57@57£c, with fair selling at 56c, and warm at 54; yellow
40.921
28,315
4,551
In store at Detroit
28.000
10,000
16,000
and white selling moderately at^quotations.
The receipts at the In store at Oswego*
5,825
229,830
118,785
In store at St. Louis
Western markets continue on a moderate scale, and in view of
346,862
5,360
164,629
81,798
Instore at Boston
150
3,485
24,331
the backward condition of the growing crop in many parts there In store at Toronto
34,339
8,000
373,552
339,581
Iu store at Montreal
is an inclination to look for higher prices.
70,000
To-day the market [n store at Philadelphia*
145,000
165,000
381,243
25,000
In store at Baltimore*-..
was depressed, and fair to good steamer imixed sold at 55@57c.
7,673
367,301
Lake Shipments
1,127,433 1,084,065
346,542
7,268
150,548
Rail shipments for week.
Rye has declined to 75@77c.
441,000
Amount, on New York canals
918,000
1,437,000
Oats have been drooping latterly, under large supplies. Strictly
106,368
9,472,406 4,054,170
6,020,112
Total
prime qualities, however, are not plenty, and command full prices^ Total iD store & in transit July 5, *73. 5,348,459 9,048,507 4.032,559
109,029
162,738
June 28. ’73. 5,524,824
9,246,988 4,557,300
To-day the market was inactive, and prices unsettled.
168,790
June 21, ’73. 5,436,351
9,399,333 4 448,149
The following are closing quotations :
196,982
June 14, ’73. 5,524,692
8.560,464 4,430.848
coming forward
;
*
....
....
•
•
•
....
•
.
.
.
.
....
....
....
it
4i
Superfine State and WestWestern
5
6
<i
Spring Wheat
Wheat—No.2 spring,bush. $1 46©
1 54®
No. 1 spring
1 50®
Red Western
1 60®
Amber do
1 60®
White
Corn-Western mixed,new
53©
White Western
66®
Yellow Western
60®
-.--©
Southern, white
Rye—State and Canada... ....@
Western
75©
Oats—New Black
....©
43 V©
Chicago mixed
White Western, &c
47®
©
Barley—Western
25® 5 65
40© 6 75
6 20© 6 60
7 00© 8 50
do winter wheat extras
7 25© 10
7 00® 7
trade and family
City
8
00®10 00
9
7
4
3
50
50
25
40
75
brands
Southern bakers’ and fa
Southern shipp’g extras..
Rye'flour .superfine..
...
Corn meal—Western, Ac.
Corn meal—Br’wine, &c.
50
25
25® 10
50® 8
50® 5
10® 3
3 60® 3
Canada West
i
...
Peas—Canada
-1873.
For the
Since
nrAplr
.Tori
*
1 55
1 65
1 80
as
-1873.Since
For the
week.
Jan. 1.
29.693
688,122
time Jan.
1, 1872.
U
June 7, ’73. 6,002,435
July 16. ’72. 4,227,634
Estimated.
Friday Evening,
.
.
219,394
293,055
*■
.
July 18, 1878.
,
77
43
45
51
In the main
market have not
the features of the grocery
altered during the past week.
and jobbers have done about
.
©
8,713,753 4,437,850
12,704,114 6,523,145
GROCERIES.
The retail demand has been fair,
their usual amount of business.
irregularities in coffees, but quotations bave
not been changed to any extent on any grade.
Sugars have con¬
tinued stiff at our last quotations, and the tendency is toward still
Molasses has sold fairly in the boiling grades, with
better rates.
a moderate inquiry for
trade qualities. Tea remains dull. Rice
is a shade higher on the domestic grades.
There have been some
.
follow,
-1872.
For the
Since
week.
Jan.1.
20,006
489,344
69,245 1,656,001 1,3-2.858
98.412
106,097
1,858
3,552
98,810
5.728
137,809
Wheat,bus. 524,171 8.515,278 3,026,249 708,977 7,087,119 248,685 4,489,897
Corn,
“
438,757 7,1)09,722 17,392,380 343,252 6,870.806 1,048,595 13,357,878
447,753
224,013
236,000
62,936
24,336
37,861
386,242
Rye,
“
22,659
40,040
Barley,&c.. 24,877
731,659 1,307,668
Flour, bbls.
C. meal, “
it
60
68
62
-EXPORTS PROM NEW YORK.
Same
1
1 51
1 56
90®, 1 25
The movement in breadstuffs at this market has been
-RECEIPTS AT NEW YORK.-
•<
44
t.
Grain,
Flour.
r
4 4
•
.
.
TEA.
*
quiet one in teas, and the market has exhibited very
interest in connection with any particular grades. Oolongs, which
little of
900
102
Oats
17,543
19,385
466,725 5,993,670 5,011,066
showed a little more activity at the time of our last report, have ruled quiet
The following tables show the Grain in sight and the move¬ since then, and although tbe feeling among holders is a little better it is based
ment of Breadstuffs to the latest mail dates :
more upon the favorable outlook than upon any immediate activity.
The
RECEIPTS AT LAKE AND RIVER PORTS FOR THE WEEK ENDING
orders placed in the producing markets for black teas have been unusually
JULY 12, AND FROM AUO. 1 TO JULY 12.
light this year owing to the heavy losses on the last year’s importations. The
Corn.
Oats.
Flour,
Wheat
Barley,
Rye, present stocks are sufficient to supply the trade-requirements, but with small
bnsh.
bush.
hush.
bash.
bbls.
bush.
arrivals importers will be the better able.to maintain values, and a steadier
(196 lbs.) (60 lbs.)
(56 lbs.) (32lbs.) (48lbs.) (56 lbs.)
market throughout the Summer is looked for. Japans have been rather slow
850
303.850
17.815
656,685 422,710
Chicago...
37,289
710
Milwaukee
61,905
857,355
19,070
29,425
5,140 of sale and remain as last quoted, with a steady tone prevailing, although
Toledo
62,534
161,831
1,465
57,104
9,782
holders are willing sellers at the current rates. Greens are steady, and the
417
16,874
Detroit
23,068
6,129
7,671
fine grade* are a shade better with fair sales. The line business has been
800
42,100
2,100
3,300
3.950*
Cleveland
693
884
73,643
St. Louis
16,569
53,983
131,243
light in all grades, and the invoice sales include 7,500 half chests Greens, 2,000
Daluth
2,100
89,624
do. Japans, 1,200 do. Oolongs.
'
Imports the past week have been 800 lbs. Black, 631,462 do. Green, and 37,137
Total
679,766
4,935
979,800
23,842
105,244 1.378,084
do. Japan, per “ Lelia M. Long,” from Shanghai.
794.905
Previous week
92.174 1,254.072 1,428.746
3,215
53,442
The following table shows the imports of Tea Into the United States
325,208
1,921,303
19,136
234,225
10,816
Corresp’Lg week,’72. 51,687
.
The week has been a
....
....
_
“
“
Total
’71.
’70
’69.
71,164
48,971
1,499.029
793,771
919,216
98,358
821,037
546 877
1,069,257
Aug. 1 to date..5,509,054 51,309,614 56,376,547 27,269,375
38,500,699 65,089,878 28,232.626
45,485,753 41,876,873 18,957,129
50,696,389 30,741,612 16,183,239
Same time 1371-72.,..4,697,809
Same time 187 )-71
5,467,273
Same time 1869-7)....5,774,044
*
8,809
24,554
51,713
23,276
1,083
231,354
366,891
239,162
10,305
Flour, Wheat,
bbls.
bush.
Weekending—
July 12, 1873..:
121,112 1,320.378
July 5, 1873
90.099
938,297
Corresp’ng week 1872 60,792
599.461
Corresp’g week 1871. 100,866
833,499
Corresp’g week 1870
54,552
701,696
Corn,
bnsh.
1.234.814
1,292,109
2.114,324
2,341,831
727,890
.
Corresp’g week 1869 .
78,581
to date. 3,152.136
time 1872.... 2,041,128
time 1871
2,052,621
965,659
18,350,367
6,680,325
14,650,111
time 1870... ..1,960,557 15,080,604
483,471
Oats,
bush.
713,843
572.176
615,585
222,559
558,444
230.027
Barley,
bush.
14,741
4,875
10,657
6,345
11,060
475
20,448,913 11,315,859 1,543,480
32,204,074 8,911,564 971,487
25,922,131 4,527.095 368.844
-9,250,405 3,260,482
393,367
Rye
bnsh
17,339
37.864
60,526
23,357
6,707
7,109
629,181
631;206
290,071
280,664
RECEIPTS OF FLOUR AND GRAIN AT SEABOARD PORTS FOR THE
WEEK ENDING JULY 12, AND FROM JAN. 1 TO JULY l‘>.
Flour,
■At
bbls.
Neir York
Boston
64.721
Baltimore
38,820
4,960
16,536
11,946
9,896
New Orleans
14,405
Portland
Montreal
Philadelphia
Total
Previous week
Week June 28,
Week June 21,
Week June 14,
’73
’73
’73
160,684
159,908
200,960
206,790
225,997
Wheat,
bush.
Corn,
Oats,
bush.
bush.
712,884
592,071
115,020
24,500
189,614
123,600
183,620
94,074
Barley,
463,937
5,200
....
249,556
91,600
10,616
....
1,069,856
1,174,788
1,076,773
1,316,621
1,695,801
1,322,499
1,146,024
1,466,989
1,768,068
1,591,853
1,744,694
bush.
72,779
1,800
4,600
116,200
16,000
*11,875
Rye,
bush
74,3 V2
2., 800
500
4,500
94,596
35.441,949
12,219,792
14,227,659
7,333,081
33,780,532
The indirect
COFFEE.
The market for the Brazil
grades has been fairly active during the week, and
pretty full transactions in Rio have been reported. In addition to the actual
sales made public there have been some transactions not reported, so that the
business of the week is swelled to an amount considerably in excess of the
arrivals, and the actual stock in first hands is light. Prices have advanced
a fraction on all grades, and
close strong. The demand for the India
grades lias
been fair, and
has
principally
run
which there have been no further arrivals.
upon
Maracaibo, of
Nothing has been done in the East
grades, but prices on these, as upon other pale coffees, are well sustained.
large sales of St. Domingo, in transit for Liverpool and
Ilavre, and our market remains bare of that description. The sales since our
jast have been 4,368 bags Rio, ex “Madelpad;” 5C0 do., ex “Merrimack;”
500 do., ex “ Ontario
3,070 do., ex “ Flamsteed2,722 Santos, ex “Maria:”
all here; 4,789 Rio per “ Alpha,” and 3,351 do. per “ Cuba,” both at the Roads
to come here, 4,987 bags Maracaibo, 1,509 do. Laguayra (with rumors of more),
1,178 do. Costa Rica, and 267 Porto Rico. Also at New Orleans 4,000 bags Rio,
ex “ Countess of Dudley,” and at Baltimore 4,400 Rio ex “ Framat,” and 2,000
do., ex “Adelaide.”
Imports were 4,789 bags Rio, per “ Alpha”, 2,722 do. Santos, per “ Maria”;
3,066 do. Maracaibo, per “C. L. Lund”; 1,510 do. Laguayra, per “ A. B. Patterson”; 1,500 do. St. Domingo, per“V. H. Hill”, 530 do. ao., per “Po nt,”
India
There have been some
and 3,170 do. sundries.
765 310
16,425
82.152
612,973
6,796
975,432
962,356
785,596
566,157
4.000
76,799
26,155
74,321
51,144
14,100
449,465
371,016
1L975
6,082
11,589
Corresp’g. week, ’72.. 132,258 442 275
Total Jan. 1 to date ..4,626,231 13,724,633 21,938,746 12~39L856 1 112,830
Ja
Do. same time 1872...4,038,946 5,372,710:39,037,394 11,122,650 1,288,159
Do »ame time 1871...4,074,897 13,852^672 20,485,778 6,300,730
533,420
Japan.
§,812,920
3,451,691 1,579,597
July 12:
Jan. 1
13,437.639
receipts at New York, principally overland receipts from San
Francisco, have been 49,801 pkgs. since Jauuary 1, against 97,143 last year.
Imports at San Francisco from Jan. 1 to July 1, were 500,065 lbs. of Chins,
1,330,420 lbs. of Japan and 200 lbs. of Java tea.
6,328,451 2,728,604
5,231,632 1,622,225
St. Louis and Duluth
the week ending July 12, 1873, and from January 1 to
Total
Same
Same
Same
Green.
12.691.390^
Flour and Grain from the ports of Chicago
of
Total
Black.
ports, 1873...lbs.
ports, 1872
9,104.523 1,853,728
Milwaukee, Toledo, Detroit, Cleveland,
for
date, in 1873 and 1872:
Atlantic
Atlantic
Estimated.
Shipments
from January 1 to
115,148
The stock of Rio
In Bags.
Stock
Same date 1872
July 17, and the imports since Jan. 1, 1873,
New
York,
61,839
97,822
854,232
Phila-
are as
follows:
Balti-
New
Gal¬
Mobile,
&c.
delphia. more. Orleans.
veston
....
...
31,632
•
m«
24,800
183,118
3,000
4.042
815,963
185,264
Of other sort* the stock at New York. July 17,
ports since January 1,1873, were as follows :
93,613
59,587
7,151
9,200
21,609
Total
100,622
131,824
684,969
602,887
24,392
8,212
and the imports at be seveial
29,817
July 19, 1873.]
/-New York-*
stock. import.
•61.646
In bags.
java and Singapore...
Ceylon
•30,055
•
S
to
jnp
• • •
443
53,692
7.941
,
.
g
»
,
54,286
32,659
324
1,315
541
37,538
23,320
1.315
541
81 7.784
394,843
44,349
...
3.871
255,070
Total
Same time, 1872
3,612
45,938
...
Other
*
Balt. N. Orle’s.
import. import. import.
Boston. f*hiladel.
import.
5,851
Maracaibo
Laguayra
St. Domingo...
91
THE CHRONICLE!
21,130
29,821
7,771
2,819
456,384
22,553
»
*
-
-
■0*0
O O
*
#
Includes mats, &c., reduced to bags
#
ir*
rt
ao
re
t Also 14.570 mats.
SUGAR.
Rice.
Rangoon drea
d, gold in ' ond 2Y0 3
7X3 8X
I Carolina.
Fruits and Nuts.
Raisins,Seeaiess, nw V frail, 3 75@ 4 00 | Filberts, Sicily
12X3
do
Layer, new, N box. 2 053 2 10 J
do
Barcelona
@
do
Sultana, N lb
12X@ 13
‘ Walnuts’ Bordeaux
8 @
lo
Valencia,V Jb......
7X3
8
I Macaroni, Italian
10 @
do
Loose Muscatels....2 25 @2 60
1
DOMESTIC DRIED FRUITS.
Currants, new
N lb.
@
6
I Apples, State
N lb.
5X3
Citron, Leghorn (new)
41 3 41X I
do sliced
6 @
Prunes, French
10 @ 15
i
do
W esteru
5 3
Prunes, Turkish
do
Southern, quarters
8X3
10X3 11X
Dates
7 0
7X i
do
sliced
5 @
Pigs,*Smyrna.
...Nib.
sliced, fancy
...
6 3
8X3 13
I
do
Canton Ginger, case
Peaches, pared
10 @
7 5° ©
20 © 21
Almonds, Languedoc
!
do
unpared,qrs& hive 3X@
do
Tarragona
18X3 19
Blackberries
7X3
do
Ivica
18X'4i 18 X * Cherries, pitted
17 @
do
@
! Pecan Nuts
N lb
@
Sicily, soft shell.,
do
Shelled, Sicily... 25 @ 31 j Hickory Nuts
V bush. ... @
@
*lo
paper shell
- 3
| Chestnuts
do
Sardines
N hf.box. 29 @ 30
Peanuts,Va.g’dtotncy oil 1 10 @1
Jardinas
18 3 19
-ft qr box.
,
d't
ao new
,120 3
Brazil Nuts, new
6 ©
6X
do WU.,g’dtobeit do..
75
...
The market has been
steadily maintained during the past week, on the basis
of the advanced quotations given in our last report. The sales of Cuba re¬
fining grades have been liberal and with a stock well controlled and sales in
excess of the arrivals, there is a growing disposition on the part of holders
to part with their stocks less freely, except where slightly improved rates can
be obtained. Refiners are meeting better inquiry for their goods and are dis¬
posed to purchase more freely in consequence, so that the demand for raw
grades suited to their uses is pretty full. There has been a good inquiry for
refined sugars, and prices are a fraction better than at the time of our last
report, with a firm feeling prevailing. The stocks of most grades are well
controlled, and in many cases are below the actual requirements. The sales
of raws have been 5,890 hhds. Cuba at 7^@8c., 548 hhds. Centrifugal 8^®9c.,
539 hhds. Porto Rico 8>8(§48%c., 174 bbls. Honduras and Demerara 7X@7%c.,
180 hhds., 1 tee. and 105 bbls. Martinique 7%@,7%c., 190 boxes Havana 7%c.,
3,777 boxes Centrifugal, and Derosne 8%@9Xc.
Imports at New York and stock in first hands July 17, were as follows :
Cuba.
Cuba. P. Rico,
Other. Brazll.Manila.&c.Melado
bxs.
•hhds.
Imports this week'..
8.993
since Jan. 1. 206.9! 1
“
“
same
time, ’72 241,821
stock in first hands.
Same time 1872
1871
•hhds.
556,698
21.300
35,172
431.502
53,064
26,452
246.257
218.035
51.506
...
hhds
997
482
82,919
103.439
106.330
84.154
85.233
87.072
-
tbags.
21,093
‘hhds bags.
851
27.365 177,973
4,047
232,338
71,900
9,004
255,314
10,654
5.514
MOLASSES.
There is
moderate
inquiry for boiling grades of molasses and sales con¬
tinue to be effected of sufficient amounts to take up the arrivals and keep the
stock well under control. We have but 247 hhds. of Cuba molasses in
stock,
and this amount is wholly inadequate to meet the
running trade requirements.
The supply of Porto Rico has been reduced to 1,269 hhds., and of
English
Islands to 1,823 hhds. There has been some demand for refining
grades of
Porto Rico, but there is a steady call for grocery qualities, and considerable
amounts are being taken out for distribution by the trade. Domestic is in
light request, but is steadily held, with the best grades selling moderately
a
within a range of 55^85c.
since our last report have
The stock here amounts to 800 bbls. The sales
been 438 hhds. 52 tcs. Cardenas Muscovado, 29c.;
416 hhds. 32 tcs. Trinidad, P. S. 30c.; 343 hhds. 32 tcs. 24 bbls. St.
Croix, 35c. ;
60 hhds. Porto Rico, and 60 bbls. New Orleans in lots, within the
range.
The receipts at New York, and stock in first hands July 17, were as follows:
P. Rico,
*hhds.
9
Cuba,
•hhds.
45t
Imports this weak
“
Demerara,
since Jan. 1
57.848
12,222
1.685
same time
“
Other
•hhds
487
8.588
‘hhds.
65,216
15,233,
1,190
1872
Stock in first hands
“
“
**
8&metime ;72
same time ’71
“
247
4.682
24
9,259
1,269
8,593
N.O.
bbls.
2,558
25,794
1.S23
3,227
1,178
4,739
,‘278
800
6,300
Imports of Sugar & Molasses at leading ports since Jan. 1.
The imports of sugar (including Melado), and of Molasses at the leading ports
from January 1, 1873, to date, have been as follows:
Moiasses.-,
•Hhds
1873.
1872.
80.343
90,898
86,363
42 091
93,353
76,3(2
18,265
19,107
-sugar.
-Boxes.New York
...,.
Boston
Philadelphia.
Baltimore
New Orleans.,
Total
*
1873.
206.914
1872.
241,S2i
5,840
15,421
..
..
19.471
19,15?
40,422
37,237
31,143
.
..
S7.522
235,555
.
-•Hhds.
1873.
1872.
-tBags.1873.
47.834
87,274
6,642
514,421
655,830
6,656
33,060
49,926
14.030
8,400
4,587
5,430
232,911
234,828
....
1,554.575 1,209,967
476,841
358,395 534,457
1872.
534,671
847,548
300,959
58,708
23.522
82.590
5,062
347,779
44.928
Including tlnrons and barrels redicod to hhds.
t Includes baskets, &c., reduced.
WHOLESALE
PRICES
CURRENT.
Tea.
30 @ 45 | Hyson Sk. & Tw. C. to fair. 20 @ 25
do
do
Sap. to fine. 35 @ 40
50 @65
70 @ 80 |
do
Kx.l.to tin’st
do
Uncol. Japan, Com. to fair.. 80 @ 40
@ 35
26
do
Sup’r to fine... 50 @ 60
42 @60
do
Ex. fine to finest ^75 @100
do
Ex. f. to finest. 65 @1 00
Gunpowder Com to fair..., 45 @ 55 I Oolong, Common to fair.... 25 @ 82
do
do
Superior to fine.... 38 @ 43
Sup. to fine.. 65 @80
I
do Ex fine to finest.... 50 @1 00
do Ex. fine to finest. 90 @1
Imperial, Coin. to fair....
c-83 @ 50 . Souc. & Cong., Com. to fair. 22 @ 32
do
do
Sun. to fine
55 @70
Sup’r to fine. 40 @ 55
do
Extra fine to finest 75 @. 90
I
do
Ex. i. to finest. 60 @ 90
Coffee.
Hyson, COmmoH to fair......
do
Superior to fine....
do
Ex. flne^to finest....
Young Hyson, Com. to fair.
do
Super, to fine.
gold. 19X@19X 1 Native Ceylon
do
do fair
gold. 19
gold.
gold.
good....
gold. 19 @20
gold. 18^(319
R'O Prime
gold. 18X@13X
gold.
do ordinary
Java, mats and bags
Java mats, br j vt
gold.
! Maracaibo
18X018^ Laguayra
!7£@18
St Domingo
21 @23 I Jamaica.;
22X022X I Mocha....
@20
goid. 19 Co 20
gold. 17 tf?17X
gold
Sugar.
Cuba, Inf. to com. refining.... 6*K@ 7% Havana, Box, white
9%'@10^
Porto Rico, refining grades...
do fair to good refining.... 7\@ 8
7 @ 8X
do
grocery grades.... 8},© 9
do prime
8X0—
Brazil, bags
do fair to good grocery.... 8x@ SX
6X@ 8
Manila, bags
7X@ 7v
pr. to choice grocery... 8%@ 8%
White Sugars, A
do centrifugal,hhds. Adxs. 8X0 9x !
10X@10X
do
ao
B
1o Melado
4 <3 6X I
10X&1036
* do
extra C
10 @10X
\o molasses
6X® 7%, | do
7
sx@ 9%
j Yellow sugars
Hav’a, Box,D. S. Nos. 7 to 9... “ ~@
11 @11X
do
do
do 10 to 12.. 8 © 8X Crushed
9>-i Powdered
11 @lix
do
do
do 13 to 15..
I Granulated
11 ©lix
do
do
do 16 to 18.. 9x@10
10*@10X i
do
do
do 19 to 20..
Molasses.
New Orleans new
Porto Rico
Cuba Muscovado
Cassia, in cases...gold V lb. 25
do
....
do
case
English Islands..
i
ao
(gold)
Sums ru & Singapore
do
(gold)
in bond..
95 @ 97X j Cloves.... in
do
Penang...... 95 @
I
Nutroegs, casks
.29
.18
.25
Spices.
26X j Pepper, in bond
—@25
10 © 11X
Ginger*Race and Af (gold)
Mace
do :i 20 @1 25
Cassia, in mats
Cuba Clayed
Cuba centrifugal.
V gall. 55 @8a
35 @60
30 @82
.
Clove fltomn
do
6
©
25X0
do
,
.
20
@
11X®
do
bond.
....
„
©
do
liX®
it*
:
26
16
■»
....
....
African Peanuts
...
THE
1
DRY GOODS TRADE.
Friday. P. M., July 18, 1878.
Bat
a
as yet for fall goods
As the time for the usual opening
light demand has been developed
and the market is stilldull.
of fall business
down to
values
approaches, however, the market begins to settle
basis, and for some little time to come
naturally be more or less irregularity in rates until
fully established. The outlook for a large cotton crop*
substantial
a more
there will
are
and the lack of firmness in the market for the raw material would
favor the belief that cotton fabrics must, in many cases,
suffer a
been for the most
instituted have
part in favor of buyers, though the recent reductions have been
mainly in goods which for sometime past have been held above
their relative values.
Standard sheetings have not been changed
in price and remain steady, though the opening of a demand may
lead to a revision of rates if agents find the current prices un¬
favorable for a liberal distribution. There is some complaint just
decline.
now
is
The changes already
about the backwardness of collections in
thought that- this
of the fall
are
may possibly lead to
business, but the prospects for
favorable since
a
the interior, and it
delay in the opening
a good trade ultimately
stocks in the interior are known to be very
small, and the needs of consumers would seem too urgent after
light purchases which they have made during the past few
the
seasons.
Domestic Cotton Goods—There has been
fabrics from the
some
call for cotton
buyers, but transactions are still on
prices are not fully established. There
have been several changes in bleached goods since our last report,
most of which have been on the finer grades of sHirtings.
Col¬
ored goods have undergone some changes, some of the principal
makes of denims and ticks having declined materially. Biown
goods have been easier on the lighter weights, hut mediums and
standards have ruled steady and are generally unchanged. There
has been very little business in prints as yet, though most of the
corporations have made displays of dark work, and 11c. hq.8 been
fully settled upon as the opening price for all but Cocheco’gYvhicli
are ^c. higher.
This leaves only a small margin for the printers,
inasmuch as the high colors printed this year require a great deal
of expensive dyes.
Domestic Woolen Goods.—The clothing manufacturers con¬
tinue to be pretty free buyers of fine and medium fancy cassimeres for their present use, and there is also some call for these
grades of goods from cloth jobbers throughout the country.
The distributive demand is not very heavy as yet, but is steadily
improving, |ind there are fair prospects for a favorable trade
during the fall. The raw material is steady, and there is but
little profit for manufacturers at the current rates, though with
careful management a profit can be obtained.
The low grades of
cassimeres are dull, and drag even at a concession. Overcoatings
are selling fairly, and continue to rule steady.
Hosiery is quiet'
the sales being restricted to the far Western trade.
Foreign Goods.—The increasing imports show that the ar
rivals of goods for the fall trade have begun, although as yet the
volume of imports lia? not become very heavy. The orders placed
abroad are definitely kno wn to have been lighter than for some
a
more remote
restricted scale and
previous, and it is believed that general caution will be
displayed by importers during the coming season. The transactions'thus far have been unimportant, excepting in woolens, which
years
have met
©31
@22
@50
....©
19
..
some
Linens have also been ordered to
delivery. The current jobbing sales are
small lots of goods adapted to summer wear, and
considerable sale.
extent for future
restricted to
comprise chiefly thin dress fabrics,
fair inquiry for gauze underwear.
We
annex
a
laces', and white goods, with a
particulars of leading articles of domestic
prices quoted being those of leading jobbers:
few
manufacture our
t
Brown Sheetings
and Shirtings.
Width. Price.
Adriatic.
36
13
Agawam F... 36
10
Albion A
36
9
Atlantic A... 37
13#
do
do
D.... 37
!
do
11#
Bedford R... 30
Boott FF
do 8
do W....
40
48
12#
16#
10
12#
ConestogoD. 28
Cabot A
36
Dwight X...
30
10
37#-40
42#
47#
22
18#
18#
OXX 36
do
Drills.
Brown
8#
13#
36
....
8-4
...
11#
30
Augusta
25
do
9-4
do
10-4
Wamsutta.. 40#
do OHH 36
13#
N.. 30
do
5-4
do
13
Appleton A.. 36
15#
18#
17#
35
do Nonp 36
do ex hvy 36
Utica
11#
H... 37
14
12#
Appleton
Augusta
Bl’ched Sheetings
and Shirtings.
Logan
Prints.
.
.
do mourning
11
Hamilton
11
Hartel fancies..
11
Manchester
11
Merrimac D fey.. !0#-U
do W pk and pur. 13
do Shirtings.... .. 10#
Pacific Mills
11
..
Simpson mourning. 11
do white grades. 10#
.
.
.
..
Domestic
Pfipperell
•do
do
do
do
do
..
..
12#
Sterling
12#
14
14#
12#
9#
13#
16
12
..
..
..
Pequot..
14
9#
15
10#
American
30-31
12
Amoskeag
Great Falls A.
32 00
32 50
33 00
33 00
37 50
Renfrew
Union
White Manuf’g
Co. 13#
26-29
do
A..
23
B..
20
do
C..
18
do
D..
16
do
23
Cordis AAA. 32
No. 2.
23
do
No. 3.
20
do
No. 4.
18
do
No. 5.
16
do
No. 6.
14
do
No. 7.
13
do
32
Ea:
igle...
14#
20
medal. 36
do
i
Hamilton reg..
20
30
Lewiston A... 36
20
30
do T.B
Amosk’g AC A.
..
Checks.
Caledonia, 8..
do
do
do
do
do
22
19
25
27#
45
70..
80..
90..
100..
do
do
do
22#
..
90..
Park, No. 60..
35
40
..
9..
10..
50..
80..
do
16
18
20
22
24
25
16
18
20
22
24
Ludlow AA....
Lewiston
Ontario A
33 50
Powhattan A..
40 00
do
B..
.37 00
Stark A
51 50
do C 3 bash
Cotton Duck.
Sail duck, 22in.—
W’db’ry, )
Fl’twing
Druid
,.
1
?• 4 to 1
i
q>
4 to l
30-38
40-46
Light duck—
22#
26
Mont.Ravens29in
24
34
40in.
Carpets.
Velvet, J. Crossley
&
Son’s
Tap Brussels.
Crossley& Son’sl 30-1 40
Eng. Brussels. 2 20-2 30
Hartford Carpet Co:
ply
1 52#
Imperial 3-ply.. 1 45
Superfine
1 20
Med. super
1 05
Body Brus 5 fra. 2 00
do
do
4
3
do 1 80
do 1 80
Bigelow Brus 5-fr. 2 10
do
DRY GOODS AT THE
NEW
4-fr. 2 00
PORT OF
YORK.
of dry goods at this port for the week ending
J illy 17, 1873, and the corresponding weeks of 1872 and 1871
follows:
ENTERED FOB
CONSUMPTION FOB THE WEEK ENDING JULY
—1871
Pkge. Value.
Manufactures of wool... .1,162 $455,: 97
do*
cotton ..1,077
310,940
Pkgs.
273
239 600
108
373
423
1,000
Miscellaneous dry goods. 308
203,587
462
87,612
215
do
do
silk
flax
Total..—
8,820 $1,297,736
1,586
1872- •
Value.
17, 1873.
-1873—
Pkgs.
Value.
$38,208
922
$453,158
135,3S5
1,066
372,448
117,612
114,614
374
572
388
364,620
$778,247
274,809
114,389
109,118
3,322 $1,316,094
WITHDRAWN FROM WAREHOUSE AND THROWN INTO THE MARKET DURING THE
SAME PERIOD.
Manufactures of wool
do
cotton..
do
silk
do
Miscellaneous
flax
<166
264
121
341
dry goods. 100
Total
1,292
Add ent’a for consumpt’n 3,820
Total thrown upon
do
do
do
Mlfce laneous
$189,266
217
$86,123
84,900
312
126.121
127,508
108
110,879
80,315
283
68.093
24,289
$506,278
1,297.736
m’k’t. 5,112 $1,804 014
Manufactures of wool....
630
cotton..
370
silk
flax
101
$282,467
112,361
133,082
363
82
97,946
17,437
dry goods.
218
1,168
1,586
23,889
$41M05
778,247
2.754 $1,193,352
455
283
105
325
336
1,031
361,325
228
679
263.647
191.879
835
57,339
448
129
532
57
$643,293
4 674
$1,827,292
1,586
778,247
Total entered at the port. 5.868
$1,911,029
6,960 $9,605,539
99,602
120,363
Lumber—Southern pine..
White pme box boards.
v\ hire pine mer. bx b’ds
Clear pine
Snruce boards & planks
Hemlock bo’rds & plank
Nails—:0d.@60d.com# kg
Clinch, 2 to 3 in. & over
2d and °d One
Cut 6pikes, all
...
sizes
ft 7 0J
5 00
.
..
Taints—Lead, white, Am¬
....ft
erican, pure, in oil
to#e
Lead.wh., Amer., dry.
Zinc, wh.,dry. No. I.
Zinc, wh.. No. 1, in oil.
Paris wh„Eng® 100 lbs. 2
11
25
“
23
29
ft
(a)
18
ft 15
!2Y
11#
ft
ft
Scranton, June 25 :
5,000 tons lump..
4 4'2#ft 4 f0
7,500 tons steamboat... 4 52>,@ 4 f7#
20,000 tons grate
4 75
7,500 tons egg
5 00
25,000 tons stove
5 25
10,000 tons chestnut
4 55
Liverpool gas cannel ...16 00
Liverpool house cannel
COFFEE.—See special report.
ft
@ 5 02#
ft 5 32#
@ 4 62#
@15 (X)
@22 00
@
California
....ft
@
(over
3.-.....V ft
12 oz;
Brazler8’(over 16 oz.)
American Ingot
3#ft
16
25
NAVAL STORES—
Tar, Washington
3 87# 54 12#
Tar, Wilmington
»4 25
Pitch, city
3 37#ft3 50
Spirits turpentine.® gall
ft 45
Rosin,strained, ft bbl... 2 90 @3 00
“
lrgols,refined
“
Arsenic, powdered. “
ft
,
ISKft
“
Crude in bbls
...
40
27
Quicksilver
yel’w.
gold.
2,197
3,322
$487,307
124,406
166,115
149.654
14.191
$940,673
1,816,094
5,519 $2,256,767
56
75
63
40
70
74
7#
12#
17#ft
10 ft
.
18
10#
8# %
.
6%
50
72 ft
82 ft
.ft bush.
Liv’p’l, various sorts....
8ALTPETRE—
Refined, pure
®to
80
?.r,
S3
35
1 40 ft 8 40
....ft
....ft
“
3#ft
SEED—Clover...!,.... ® to
3^®
Timothy
ft bush. 4 25 ft 4
Hemp, foreign.....
2 00 ft 2
Flaxsopd, Amer’n,r’eh. 2 45 ft 2
Linseed,Cal.,ft 56ft gld
ft 2
8TLK-Tsatlee,No.3 chop®toP 5(U 9
67
56#
34 \
....
5#
J8#
7
gold
Crude
Nitrate soda
Tsatlee, re-reeled
Tay8Ham. Nos. 1 A 2
No. 1
Canton, re-reeled
S#
3
4’)
12#
60
52#
0ft
6 87#ft 7 75
7 25ft 7 75
6 0C ft ...
8PELTER—
Plates,for’n .9100 ft .gold 7 50 @7 .5
9 to S^d^ll
Plates domestic
SPICES—See groceries report.
SPIRITS—
*-9 gaV
Brandy,f’lgn b’ds..® gal.gld3 65ft 15 00
Rum—Jam.,4th proof. “ 3 75ft 5 fO
St. Croix,3d proof... “
8 25ft 3 5ft
Gin, different brands . “ 8 00ft 8 85
40 @
—ftl
Sal soda, Newcastle, gld l 75 ft 1
45
Shell Lac, 2d& let Eng “
42 @
2Y
2#<®
Soda ash
“
16#
Sugar lead, white..
1C ft
Domestic liquors—Cash.
A icohol (88 per ct)C. &W.1
Whiskey..
V.%
32#ftl S5
94 ft 91#
STEEL—
English, cast,2d&lst qu ®ft I8#ft 23
English, spring,2d & 1st qu
9#® 10#
English blister, 2d A 1st qu 14 ft IS#
irlSH—Dry cod
® cwt. 5 50ft 6 50
Mackerel, No.l.Mas**.,shore 22 00@25 00
Mackerel,No. I, Halifax.. 1* 50@22 50
Mackerel, No. 1. Bay.
17 0'i<g20 00
Mackerel, No.2,Ma8s.shore 16 0Qftl6 50
Mackerel, No. 2, Bay
ft
FLAX—North Rtver....® lb
15ft
18
American blister
ft 11#
American cast, Tool
ft 17
® 11
American cast spring
American machinery
I1#ft 12
American German spring.
9 ft
8UGAK—8ee special report.
P#
TALLOW—American® to... 8#ft
...
FRUITS—See groceries.
TEAS—See special report.
ft 4 25
TIN—Banca...® to,gold
ft 8 75
Straits
25 ft
ft
23
Rio Grande..«••••• •
Orinoco
«...
California
Maracaibo
*'
"
16
ft
....ft
flllors. ’72
....ft
Ayres., ft to gold.
"
California
;...
“
13
10
ft
ft
ft
•*
American.SaxonyFleece ®to 50 @58
American. Full Blood Merino 43 @5i
American,Combing
Extra, Pulled
13#
Texas
12
ft
14
cur.
East India 8tock—
Calcut. city sit. ft to gold
Calcutta, dead green "
Calcutta, buffalo.ft to '•
No 1,
Pulled
30 ftSSV
26
26
21
South Am. Merino unwashed 27
Cape Good Hope, unwashed. SO
sa»
@83r
26 @33
25 @32
Texas, fine
Texas, medium
@19
17
8myrna,unwa8hed
ZINC—8heet
...®to 10#«11
FREIGHTS— #■— steam.—,
sail.—
To Liteepooi, : s. d.
*. d.
s. d. a. <*
5-16ft
Cotton
® to
#®7-16
3 6ft
Flour ...,® bbl 4 0 ft....
H. goods.® ton 85 0 @50 0 30 0 ft 45
....ft
Oil
70 0 ft....
10 ft
Corn
® bn.
12 ft....
10 ft
Wheat.bk. A b.
ll#ft..
14
13#
50
...
....
_
40
Fine, unwashed.
Medium
Common, unwashed.
II
12
20
47 00
if 00
39 00
52 00
55
California. Spring Clip-
17 ft 18
13 ft
is ft
HOPS—Crop Of 1872..ft to..,, 40 ft
Crop of 1871
...ft
Crop of 1870
12 ft
IRON- -Fig, Am., No.l.ft ton 45 00ft
Pig, American.ho.2
41 00ft
Pig, American Forge
87 00»
43 o0®
Pig,Scotch..
reined JShg. & Amor.
Bur
ft 10
WOOL-
13
Buenos
Para
@ 55
8
22 ft 6ft
Havana, com. to fine
75 @1 10
Manufac’d, In bond, dark wrk.!6 ft 25
“
bright work. 20 ft 45
...
"
Wet Salted—
@ 15
Pennsylvania wrappers
15
@
....ft
....ft
32
7#ft P#
"
9
Seed leaf, Conn., wrappers. 40
“
25
29
**
••
3ft#
leaf,
14
17
15
15
....ft
30#ft
TOBACCO—
Kentucky lugs, heavy
“
22#@ 23
**
Bahia.
Dry Salt.—Maracalbo.gold
Chili
“
ft
....ft
ft
35Y
I.C.char. ® b *• 11 25 ft 11 fO
Plates.char. Terne “
10 20 ft 10 70
25#
25#
23#
"
*
"
“
S5#i
Plates.
American undressed
115 .X)fti20 00
Russia, clean
gold.220 90@230 00
Manila,current..V to “
....ft io#
Bisal
“
S ft
8#
Jute
“
2#«
4#
HIDES—
Drv—Buenos Ayr. ft to gld
Montevideo
**
-
EngliBh
HAY—North R.ship’g, 9 1U0 ft 90®
HEMP—Am. dressed.9 ton.-SO 00@225 00
Corrientes
48
groceries report.
Turks Islands
Cadiz
7
2\
...-.
2#@
GUNPOWDER—
Shipping * 25 ft keg
Min. & Blasting
97
SALT—
50
28
ll#ft
25
®
.
Lard
RICE—See
2#
hubarb,
Sulnlne China....® oz. 2 60 @ i P
per to 60 @2 85
Vitriol, blue
....
PROVISIONS—
Pork mess V bbl (new).. 17 37#® 17 50
Pork, extra prime
14 00 ft 14 *5
Pork, prime mess city.. 18 00 ft 19(0
Beef, plain mess
4 00 ft 7 ('0
Beef, extra mess new. 10 DC @!3 (X)
Beef hams, new
J25 on @30 00
Hams, pickled
®to
13# «■ 14#
Opium,Turk.in bond.gld 5 37#®
Prussiate potash,
....
ft
-
Refined, standard white
Naptha..
I 12#@ 1 15
1 15 ft 1 20
45
40 @
Lac dye, good A!flne gold zO @
30*
41
Licorice paste, Calabria.
34 ft
26
Licorice paste, Sicily ...
25 <®
12
Madder, Dutch.....gold
8 @
8
Madder. Fr.E.X.F.F"
7 ft
vitriol (66 degs).
10#
“
Crude, ord’y gravity. In
bulk, per urallon
Ginseng, Western
Ginseng, Southern
Jalap
OR
8ft
ft ft
PETROLEUM—
„
17#ft
pale
City thin.obl.in bbls.fttn.erd ... ft
West, thin obl’g, (dom.) 39 00 ft
OILS—Olive, in CBks 9 gall 1 15 ftl
Linseed, crushers prices
9 gallon, in casks
96 ft
Cottonseed Crude S
47#ft
yellowS.. ..
55 ft
Whale,bleached winter.. 72 ft
Whale, crude Northern
ft
Sperm, crude
ftl
Sperm, bleached
1 67 ftl
Lard oil, prime winter
ft
19-
2# ft
Bleaching powder... “
33 OJft33
Brim3tonefcrn.®ton..‘*
Brimstone, Am. roll ®ft
2#ft
Camphor, crude
gold
....ft
Castor oil, E.l.Inbd, “
77#ft
34 ft
rjulorate potash .... “
Canstic soda
“ 6 2i ft 6
60 ft
Cochineal, Hondur.. *•
54#ft
Cochineal,Mexican. "
Cream tartar, prime **
34#ft
6 ft
Cubebs, East India. “
Outc.h
4#®
Gambler
“
...ft
V to...
extra
on. CAKE-
2#
5lc
....ft
4 00 44 25
4 50 @5 25
pale
OAKUM
3%
2Yft
Bi carb. soda, N’castle "
Bi chro. potash.S’tch “
3 37#ft3 75
3 10 ft3 25
No. 1
No. 2
“
22
31
ft
33 ft 35
special report.
MOLASSE8—See
38
ft
gold
Matamoras
Bahia
$537,865
Orinoco, Ac
rough
“
40
COPPER—Bolts
Sheathing,
new
Pernambuco.......
1,316,094
rough slaughter
••
9
Auctlon sale of
10,933
*
crop
“
Hemlock. B. A
ioy
26 ft
..
@10 50
^-caf=h,®n^
31 ft 45
S8 ft 42
32 ft ?6
27#@ 80
26 ft 27#
25 ft 27
.....
Oak, slaughter,
ft
12
ft 2 50
do Welsh do
do
25
Western da*ry, packed.... 16
do
store, pncked
!3
Cheese (new) —Stain fct”y
8
do State dairy,ci mto fine
6
COAL-
@6 75
@9 25
Pipe and sheet
LEATHER-
"
State,p’ls & t’bs.g’d to fine
6 G2#ft7 00
Bar
12
BUTTER AND CHEESE—
Butter (new)—
6 50
“
Engltsa
“
83.000
4,826 $1,853,959
$950,602
1,297,738
$223 967
1.504
3,322
1,880
1,053
Total
1,546
Add eot’dfor consumpt n 3,820
lump....
“
“
German.
GUNNIES.—Seereportunder Cotton.
The importations
as
Rockland,
,
Spanish,ord’y®10dftgold.6 50 @i6 75
.
amPORTATIONS OF
have been
Cement—iLtsendaie ®bbl
Lime— Rockl’d.com.® bbl.
Nutg’ls.blue Aleppo
best
2 65
do do A No 1.. 2 55
Extra 3
Philadelphia fronts. “
LEAD4 50@ 9 00
14 00@>17 00
28 00® 30 00
....ft 1 75
....ft 1 10
....ft 1 60
38 00@46 00
Si 00(5.33 00
32 00@33 00
69 00ft76 00
30 00@32 00
27 00@84 00
....ft 4 75
6 25® 6 75
—
Bear duck (8 oz.)
do heavy (9 oz.).
do
special report.
BUILDING MATERIALS—
Bricks—Jom. Hard .jM
Crotons
*•
00
112 so® 143 ob
f.
120 00ft 170 00
Hoop
Sheet, Rus., as toassor.gd 17 ft if#
6#ft
8heet,sing., d. & t.,com..
RailB, Eng. ft ton...(gold) 68 09ft 70 00
Rails Am.,at works In Pa. ... ft 78 00
8croll
....ft 8 25
ASHES—Pot,1st sort 9 109 ft
BREADSTU FF8—See
175 C0@1F5
Bar, Swedes
PRICES CURRENT.
Argols, crude
13#
9
14
12#
STORE PBTCK8
GENERAL
DRUGS & DYES—Alum..
Bags.
Peabody
River Bank
15#
30
42#
Namaske
11#
..
50
72
40
35
72
19
..
72
72
& Co
Clark’s, Geo.A.
Willimantic, 3
Holvoke
16#
..
Clark, John, Jr.
Hadley
17
31
36
36
36
6-4
7-4
8-4
9-4
..10-4
..il-4
5-4
75
72
12
12
..
Cotton.
200 yds ....
J. & P. Coat’s
12#
13#
14#
S
Lonsdale.
i/O Cambric
N. Y. Mills
Spool
Gloucester
Hartford.
Lancaster
Caledonia
10
0 36
Red Cross
Victorv H
Glasgow
Bates
15#
..
Pequot
65
14
16
17
Grit Falls A 32
do
M 33
Cambrics.
Arcadia—7#
Glazed
14
12#
Amoskeag
18#
Fruit of the
Loom
36
12#
do 6 cord.
Samosset
Green & Daniels
10#
17
RllertonWS4-4
14
13#
cord
American
15
....
do
do
Ging¬
hams.
..
..
10-11
Sprague’s fan
•
.
11
Richmond’s
.
....
13
Naumkeagsat.
Pequot
...
7#
7#
7#
7#
.
36
33
Bartletts... 31
do
33
36
do
Bay Mills .. 36
Bates. BB... 36
45
do
Ballou&Son 36
Blackstone
36
‘AA
Boott B... 36
do C... 33
„do R...
28
11#
12#
Smithfield
.
..
10
7#
.
Auburn.
Canoe River..
Hallowell Imp
7
•
Barnsley.
12#
14
Harmony
.
Arkwri’tWT 36
Amoskeag
Garner
.
Androscog¬
gin L
36
Corset Jeans.
10-11
.
42
46
Otis AXA
do BB
do CC
York
Suffolk
.
do
do
Haymaker....,
9#
11#
11#
11
.
Amoskeag. A36
23
14
22
20
17
25
Amoskeag
Bristol Pinks
Cocheco L
Garner & Co
Gloucester
.
•
21#
.
.
Columb’n h’vy
10
.
•
do
B...
Boston
Beaver Cr, AA
Chester D’k B
Clark’s Mills
American
.
•
25
19
12
21
14
-
Laconia
13#
.
-
Amoskeag
Ind. Orch.Imp
13#
Popperell
Stark A
..
Denims.
Androscog’n sat
13#
Laconia
Langley B.... 14
do
Y.... 33
11
12
do
Z...
36
12
Indian !Sead .7-8
19
do
48
ind’n Orchard
36
A
13#
11
do
BB 33
C 36
12
do
W 30
do
10
Xaconia B... 37 12#-13
2
11
do
36
do
O...
39 12#-13
Lawrence A. 36
11#
do
D. 36
13#
J. 36
do
14#
do
LL. 36
11#
do
S. 34
10
Y.
do
36
12#
30
16
/’Nashua E
O...
do
33
12#
do
K... 36
13#
19
do
W...
48
25
!Pepperell.... 7-4
do
8-4
27#
do
9-4
30
10-4
35
do
40
11-4
do
45
do
12-1
36
OTtJca..
1«#
25
do
48
do
30
do fine Non 40#
18#
....
Price.
Width. Price.
I
[July 19,1873.
CHRONICLE.
THE
92
I
'
Beet
Fork
® tee.
®bbl.
8 •
@i...
....®
6 6
ft
...
...
i
ft
6 0
@FedFRASER