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mtutttttfa
HUNT'S
MERCHANTS'
MAGAZINE,
9^ W11fe1jj ^«W0pJtpet,
REPRESENTING THE INDUSTRIAL AND COMMERCIAL INTERESTS OF THE UNITED STATES.
689781
VOL. 29.
SATURDAY, JULY 19, 1879.
CONTENTS.
Mercantile
Failures
THE CHRONICLE.
Their
Latest Monetary and Commercial
53
English News
51 Commercial and Miscellaneous
and
Lesson
A
Story with
a
Moral
The “Discriminaticns”
News
Question 54
Agricultural Distress in England. 55
THE BANKERS’
Money Market, U. S. Securities,
Railway Stocks, Gold Market,
Foreign Exchange, N. Y. City
Banks, etc
56
59
GAZETTE.
I Quotations of Stocks and Bonds
| Local Securities
64
Investments, and State, City and
60 |
Corporation Finances
65
63
THE COMMERCIAL TIMES
Commercial Epitome
/ 69 I Dry Goods
Cotton
69
74
Breadstuffs
and
Prices Current
77
Chronicle.
xt
The Commercial
Imports, Receipts and Exports..,.
75
76
Financial Chronicle is issued
day morning, with the latest
news up to
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MERCANTILE FAILURES AND THEIR LESSON
The
radical
commercial
change exhibited in
disasters,
and which
we
the i-ecord of
remarked upon
when
reviewing the April report of Messrs. Dun,
Co., shows further progress in their report
for the July quarter, which they have made public
It will be remembered that the April
this week.
figures indicated an improvement both in number of
failures and amount of liabilities in every section of
the country this side of the Rocky mountains, except
the South. For the purpose of disclosing to what extent
or in what proportions the various sections have partici¬
pated in the present favorable exhibit, we have
classified this report also by sections, both for the three
months of this year and last year, and reach the follow¬
ing results.
Barlow &
States and
Territories..
Eastern
Middle
j.
Southern....
Western....
Pacific & T..
Total
Second Quart’r, Second Quart’r,
1879.
1878.
No.
192
568
227
364
183
Liabilit’s
4,852,840
9,343,246
1,972,267
4,457,276
2,041,096
1.534 22,666.725
No.
443
721
422
741
143
Liabilit’s
9,239,145
19.368,052
5,349,292
13,061,982
1,735,469
2.470 48,753,940
Six Months,
1879.
No.
535
Liabilit’s
Six Months,
1878.
No.
Liabilities
982
20,256,119
1,399 23,657,893
1,671
51,642,658
722 10.690,175
905
11,693,682
1,012 12,837,497
390 6,900,143
17,048,321
1,950 38,076,063
308
3,809,605
4,058 65,779,390
5,825 130,832,766
We here
NO. 734
that every
portion of the United States,
except the California district, shows a very decided
improvement. The decrease for the six months in the
amount of liabilities is 42*27 per cent for the Eastern
section, 54*19 per cent for the Middle section, 37*30 per
cent for the Southern section, 66*28 per cent for the
Western section; but in the California section there is
an
see
increase in the liabilities of 81*12 per cent.
Is there not a lesson in these results which it is worth
while to stop a moment to note ?
the district which embraces the Pacific
Why is it that
States, &c., has
failed to share in the blessings of resumption ? All the
rest of the country in a greater or less degree discloses
a
greatly improved condition of trade, but California
(if we omit from the above classification the other States
and territories) not only shows no improvement, but
tends so decidedly in the other direction, as to give an
aggregate of failure liabilities for the six months of
$5,720,000, against $3,130,088 the same six months of
last year. Do not these figures simply but forcibly
illustrate how bad legislation can thwart and even defeat
the healthful action of forces all tending to recovery ?
Trade was languishing there, as in every other States
but the people being impulsive called in some quack doe^
tors to their sick patient who
concluded that, instead of
letting her lie still and allow nature to complete tho
work it had so nearly finished, stilts and prop*
would hasten recovery, force her on her feet again, an&
make her walk. And they tried it and have just begin*to reap the fruits.
It is possible that much of the injury
the experiment might work may be averted by the eleotion of a legislature not in harmony with, that is oppoaecf
to, the provisions of the new constitution; bub there h*
good reason to fear that the 1st of January will discloses
even a worse condition than the present, and yel no
State in this whole confederacy has the vitality anch
recuperative power California possesses.
Through these thoughts we reach the true teaching of
the foregoing figures, and that is that the country, with
resumption, entered upon the broad road to prosperity*
and nothing but vicious legislation can now check it..
All any section needs is to be let alone. This conditios*'
is more plainly illustrated by the following statement*
which gives us previous years for comparison.
our
FirstYears.
No.
Fail¬
ures.
Quarter.
Amount
of
Liabilities.
Second
No.
Fail¬
ures.
Quarter.
Amount
of
Liabilities.
Six Months.
No.
Fail¬
ures.
2,806 $64,644,156 1,794 $43,771,273 4,600
45,068,097 4,749
2,869
54,538,074 l,88l
48,753,940 5,825
82,078,826 2,470
3,355
22,666,725 4,058
2,524 43,112,665 1.534
We here
see
that the present year
Amount
of
Liabilities
$108,415,429*
99,606,171.
130,832,70S
65,779,391*
is not only proving*
54
THE CHRONICLE.
to he the most
is
satisfactory in this record, but the change
very radical that the aggregate failure liabilities
for the six months have only reached one-half of last
so
year’s total and
third less than either of the
Stronger and clearer evidence of the
than
more
endeavoring to disturb, in fact to destroy, the entire
framework upon which we are building so well. They
will fail, however; for business revival is so decidedly in
are
progress that
coated pills.
the people will not take
f
—
.....
_
even
their silverc
.
'
A STORY WITH A MORAL.
The Bremen steamer General Werder
brought in on
July, mostly consigned to J. & W. Seligman
& Co., one hundred and thirty-eight thousand trade
dollars. * In the previous month the Bremen steamer
Weser brought, consigned to Brown Bros. & Co., four
the 7th of
hundred thousand trade dollars.
These dollars were,
understand, shipped on board the steamers named at
Southampton, having been obtained in the East. Other
similar shipments have been made to the United States
since the first of January, but the two mentioned are
we
sufficient for illustration.
As these
pieces of silver are marked one dollar by the
our
people take them as such, though
their intrinsic value is only about, say, 88 cents; that is,
the Bremen or Liverpool merchant pays but 88 cents
for them. The operation in full, was then
something
like this. A Liverpool merchant wanted some wheat,
and bought it in the United States, for which he agreed
to pay four hundred thousand dollars, and the Bremen
merchant wanted cotton, add purchased it here, agreeing
to pay for it one hundred and thirty-eight thousand*
dollars. Together, these two merchants, for our pro¬
ducts Hhus obtained, owed the Uuited States five hun¬
dred and thirty-eight thousand gold dollars.
By means
of these trade dollars, which they secured, they were able
to save, say, twelve cents on each dollar, and therefore
actually paid their debts as follows.
United States Mint
Total debts of the two
merchants
Bought the trade dollar at 88 cents
What the merchants made and the United States lost
Of
$538,000
473,440
$64,560
the above statement is not accurate, as no
allowance is made for commissions, and, furthermore,
course
the« trade dollars
probably cost a little higher figure.
But all that is of no importance in this illustration.
These merchants owed a debt to the United States,
which they were able to pay at ten or twelve per cent
discount, and the Uuited States actually lost upwards of
sixty thousand dollars because that debt was paid in
trade dollars.
Mr. Warner and his silver advocates had pro¬
vided, they could pay us for them in our nice brand-new
silver coin directly from the Mint and save 12 per cent,
ment
forcing them to go to India or China, but kindly
doing all the work for them ourselves. Of course ,the
not
-
us
how the United States would
“
loss would eventually come put
DISCRIMINATIONS”
QUESTION.
Now that the legislative
commission, sitting in this
city to investigate the much-vexed subject of discrimi¬
nations in railway freight charges, has
adjourned for the
present, to meet again in Saratoga, and thus has given a
little resting spell from the tilts between opposing coun¬
sel, it may not be amiss to briefly consider some of the
points thus far raised.
That rate discriminations, or differences—for there is
no need of
disagreeing over a phrase—have been and still
are
practiced is admitted. These discriminations are
between persons as well as between
places. It is not
denied by the investigators that average freight
charges
are low and that
they have been growing lower during a
number of years past; but the
leading allegation—prac¬
tically the only one—is that special contracts are made
by which some persons and places are served more
cheaply than others. The gist of the complaint is not
that charges are too high, but that
they are not uniform.
The logical doctrine of those who bring thig
complaint
must therefore be this : all
freight rates should be graded
at so much per mile run, for each
class, and should be
invariable to all shippers and in all circumstances. The
alternative to this
is, some variations from the rule of
distance and some exceptions to the rule of
uniformity
to shippers.
Once admit exception and variation, and
the rule is gone, leaving schedules which are not
rigidly
adhered to and a discretionary practice; there is evi¬
dently no possible middle course between an inflexible
rule of so much per mile, and a flexible
practice which
permits the very contracts and differences now com¬
plained of. Whether the particular contracts and differ¬
ences exhibited in evidence are
justifiable is an inde¬
pendent question which we do not touch; it seems a
very perplexing one to decide, and one that involves
business rivalries; but, without keeping in mind the
par¬
ticular case presented, let us consider the merits of the
uniformity rule.
On its face this rule is very attractive.
A railroad
clearly owes some degree of public duty; it has no right
on the face of the case to refuse to
carry goods for A or
to charge him more than B is
charged; the rule of no
discrimination between persons conforms to the general
idea of fair play and of the functions of
public carriers as
such. It seems, also, that a rate being fixed for
carrying
a certain sort of
freight one mile, that rate should stand
as the unit to be
multiplied by the number of miles. A
railroad sells its services to carry goods a
greater or less
number of miles; nothing can apparently be
simpler or
correct than to
multiply as just stated, and more
charge more for a short than for a
long distance. Upon this reasoning, which nearly every
man, without special reflection, is ready to accept as
sound, all Granger laws have been based. But it is
really subject to several qualifications which are not
generally remembered.
The first is the fact that car-wheels earn
money only
when in motion.
If a car is loaded with through
freight
for a trip of say 1,000 miles, the physical cost of haul¬
ing it each mile is a definite item, and the earnings by
the series, although at the lowest rate, are
considerable;
if a car gtifes partly full, to a
way station, or if it has to
leave parcels of freight at several
stations, the cost of
handling and the delays of loading and unloading, and
making-up into trains, are increased largely. If one
through car makes a straight run for five days, and
more
Now, let us suppose the Warner Silver bill passed and
free coinage of silver the law of the land. It would not
be necessary then for the Liverpool merchant to
laboriously gather up these coins slowly in the East,
but he could ship any silver bullion he found on the
jkarket, put it through the Mint and pay his debt.
What an excellent arrangement for Europe it would be,
especially this year, when their crops are so poor. They
could buy all their breadstuffs in Ohio and other West¬
ern States, and then
through this sweet little arrange¬
above illustration shows
THE
a
other years.
existence of conditions most favorable to recovery could
not be furnished; and yet some of our modern statesmen
'
lose 12 per cent, which
of the Western farmer.
[Vot. XXIX.
indefensible than to
July
THE CHRONICLE.
19, 1879.]
another one, delivering the same aggregate quantity of
the same kinds of goods, spends the same time between
several way
stations, the former
stand
not meet the river rates the
town would
pay
use
the
present investigation, in citing cases of
discrimination, to seek to show the injustice of the system
of discrimination, Dot that of
any particular case. Hence
the best,
although at a much lower rate, simply because the
charges other than for hauling—which is the only item
of cost that can be rated at all by
the number of miles
run—are
very much greater in case of the local car.
This consideration is overlooked by those who
lay down
the per-miie rule, and it in general
applies to the charge
of discrimination against way stations.
The second qualifying fact is that not all railroads are
free from other competition than that of rival roads—
rivers and lakes supply a competition which cannot be
omitted from any rational discussion of
transportation
problems. Suppose the not uncommon case of a town
with both river and rail communication on
nearly paral¬
lel lines, is it not clear that the rail cannot avoid
being
influenced by the river? On the latter there are no
chartered or exclusive rights; there is an
open highway,
free to everybody, and minimum
charges therefore pre¬
vail. The railroad must put its rates to a
point nearly
or quite as low
as the water rates or lose the business;
there may be a slight, though not a
living, margin of profit
in such rates, or, perhaps, for other
considerations, the
railroad may do this competitive business at no
profit at
all; but it does not follow from this that the railroad is
bound to carry goods at the same price to another town
situated back from the river,
although at no greater
distance from the starting point. The river
gives cer¬
tain advantages to the river
town; if the railroad did
may
55
nothing about the particular cases, but con¬
only the feasibility of the uniformity rule.
Does not then such a rule—ail
prices to be graded by
distance and all alike to all shippers—however attractive
and straightforward to the superficial
view, really pro¬
pose an absurdity, that railroads alone, of all corpora¬
tions in the world, shall remove
inequalities and make
all persons and
places possessed of equal advantages ?
How would it be the duty of railroads to do
this, even
we
assume
sider
if it
were
within their power
? The inland town shall
be like the seaport ;^the town back from the
navigable
river shall be on a level with the one at the river’s
edge;
the
large business shall have no advantage over the small
One ; the
capitalist shall pay no lower prices than the
poorest man ; cotton shall grow in Minnesota ; every
creek shall be a navigable river and
every highway as
practicable as a railroad; all inequalities in human affairs
shall be smoothed into uniformity;—these are the
logical
demands of a rule which requires that
railroads, unlike
everybody else, shall ignore inequalities, and practically
solve an equation problem whose
quantities are not
Jack Cade himself, dubbed by himself
equivalent.
“
Jack Amend-all,” did not propose a
larger and more
hopeless task.
AGRICULTURAL DISTRESS IN ENGLAND.
Not in many years has there been such
general distress
the river
among the farmers of Great Britain as there is to
The depressed condition of agriculture is, in
day.
advantage; it is the river, not the
fact, the
rail, which confers the advantage, and the inland town question of the hour.
It is not, however, a new
would not be helped at all if the railroad, for the sake
question.
On the contrary, it has been commanding
of uniformity in rates, refused to
compete with the attention and growing in interest and importance for
river at all and allowed it to have all the business. Never¬
years.
Within the last two or three years this has been
theless, the inland town complains—such is the dissatis¬ especially the case.
The interest, however, which
faction in human nature—because the railroad does not
attached to the foreign policy of the Government kept it
voluntarily reduce all its business to the level of the in the background. Now that-the Afghanistan
difficulty
least profitable portion.
has been practically settled, and that the Zulu excitement
The third qualifying fact concerns the discrimination has somewhat
subsided, men are beginning to think and
between persons. The pith of complaint is that certain feel that it is time for the
statesmanship of the nation to
and derive the
same
1
|
persons who do the largest business get lower rates
than those who do less. But where does this rule not
hold good ? The poor woman in a
city tenement, who
pays several times as much
who lays in his season’s stock at
buys her coal by the pailful,
for
a
ton as the
time; the
man
does
steamboat company pays a less rate
than the householder ; and so on.
These differences
often bear with severity, but they are a business neces¬
sity. Whoever buys a thing by the quantity always
expects some discount, and always gets it ; there is not
an exception to this rule in the whole commercial world.
The railroad buys all its supplies on the favorable terms
granted to large purchasers; and it is a business impos¬
sibility for it to make no distinction in prices between
its small customer and its large one.
The latter’s
business is the more desirable, even with concessions in
rates, because there is more of it, and also because' it
costs relatively less.
The same rule applies as between
large towns, where many cars unload quite frequently,
and small ones, where a car-load or less is left occasion¬
one
gas or
It is undoubtedly hard to adjust these differences.
Favoritism may grow up; one shipper may pay schedule
rates simply because he is not watchful
enough to ask
for concessions; discriminations really “unjust”
may be
practiced; the details and perplexities of railroad opera¬
tion are almost infinite in number and variety, not
surpassed by any business in the world. But we under¬
ally.
be directed to h^me affairs.
A Farmers’ Alliance has been
organized; public meetings have been held in London and
population ; the influence of
and, as the result of the agita¬
tion, the House of Commons has approved of a motion
praying Her Majesty to appoint a Royal Commission to
inquire into the condition of the agricultural interest,
the causes to which the depression is
owing, whelher
they are of a temporary or of a permanent character,
and how far they are due to or removable
by legislation.
That good will result from the
appointment of such a
commission there can be no manner of doubt, and when
the report is made it will be more
easy than now to
speak definitely upon the points Covered by the inquiry.
Meantime there is no mystery about the
malady itself
from which the farmer is suffering.
It is a simple
visible fact patent to all.
Farming has ceased to b%
| profitable in England. The rents are high, and for the
last two or three years, if not for a
longer period, the
yield has been small and the prices low. In fact, farm-,*
ing has not only not been profitable; it has been a losing
business. According to trustworthy statistics the value
of the agricultural produce of the
country during the
last three years, even on the best-managed farms, where
no
money was spared in cultivation, has declined not
less than twenty-five per cent, while this year, by rea¬
the other great centres of
the press has been secured;
son
of the very
unfavorable weather, the result promisee
56
THE CHRONICLE.
■'to be less
satisfactory than that of
any
[vol. xxix.
of its predeces¬
^tigltsft flews
It is not wonderful that in such circumstances
fanners should be discouraged and begin to look about BATES OF EXCHANGE AT LONDON AND ON LONDON
AT LATEST DATES.
them for some relief.
sors.
:
It is
-
'
probable, however, that in the minds of those
most immediately interested there is an exaggeration of
the evil, not so much as it actually is to-day, as in its
"prospective features, and that the outcry, in consequence,
i& unnecessarily violent. The gravity of the situation
is to be determined by the causes which have
brought it
about.
If the causes are permanent, no
language
can
exaggerate the calamity ; but if they are
temporary the existing distress will disappear with the
causes which
gave it birth.
The complaints may be
summed up as follows—bad yield, excessive
competition,
low prices and too high rents. In so far as the unsatis¬
factory crops are the result of the weather or other
unforeseen and therefore unavoidable
agencies, the evil
'must certainly be regarded as transient.
The low prices
also are due not only to the fact that the market is filled
with American produce, but also to the other fact that,
In
consequence
of the
long-continued
depres¬
sion of the commercial and
manufacturing inter¬
ests, the British workingman is without money. The
former of these influences is likely to remain, for there is
:I>ut one way by which American
competition can be got
rid of, and that is by the restoration of a
high protective
-tariff, which will never be done. It is not to be sup¬
posed, however, that the dull trade prevailing in England
and which re-acts from the
manufacturing on the farming
classes, is to be lasting. British industry is too vital a
thing to be so easily destroyed. It has come through
-far more trying ordeals than the present
with triumphant
If there
success.
fields
are
rivals it will compete, and if old
lost it will seek for new.
With the revival of
are
^Industry will come back the prosperity of the great mass
of the working people; and with the
prosperity of the
xnasses will come back
good prices for the farmer. With
the return of good wages, it is
very doubtful if the work\ logman will be contented with the American
products.
The wheat and flour may maintain the
place they have
-
•
won;
but it is hard
butter
or
Good will
to believe that American meat,
cheese will supplant the domestic articles.
come
from the
competition.
If it is found
that the tenant-at-will system does not
give the farmer
-sufficient encouragement to spend
money in cultivation,
•.and thus to increase the produce of the
soil, legislation
his aid, by giving him greater security of
compensation for his expenditure. It cannot
much longer be a fact to which
Englishmen can afford
to be indifferent that, whereas in France and
Belgium
the value of the land is steadily
increasing—the value of
the produce rising in
proportion—in Engl.and land is
..rising in value and the produce is decreasing. Sooner
or later the
system of land tenure must yield to the
may come to
:
tenure
or
<k
'
.
necessities of the British
people. Meantime we are not
disposed to join in the cry that England, just because
she is passing through a severe
trial, has seen her best
^days and that her decline is inevitable. When her indus¬
tries are reorganized, and some
important differences
adjusted, her new vigor will be found quite as effective
as
her old.
—We call attention to the
EXCHANGE AT LONDON—
July 4.
On—
Time.
Amsterdam.
Amsterdam.
Short.
3mos.
Antwerp....
ii
Paris
Paris
Hamburg
EXCHANGE ON LONDON.
Latest
Rate.
Date.
12-0*4 '3)12-1%
12-2*4 '2)12-3*4
3
Short.
12*03
25-42*23)25-47*2 July
3
3
Short.
Cheq’s
25-27*2
25-25*2
Short. 25-25 ©25*35
July
3mos. 25*42*23)25*47*2
20-59 -3)20*64
July
ii
20-59
20-59
ii
Frankfort...
St.Petersb’rg
ii
Vienna
Madrid
Cadiz
Milan
Genoa
ii
23*8©2314
©11-85
46%©4678
ii
47
H
©47*4
July
July
July
July
July
27-97*23)28-02*2 July
ii
Naples
©20-64
©20-64
11-80
ii
Bombay....
Calcutta
Alexandria
60 days
ii
....
.
Is. 8d.
Is. 8d.
....
Constan’ple..
New York...
Hong Kong
.
•
•
•
•
....
Shanghai....
3mos.
July
July
July
4
4
1
6mo8.
July
July
5 60 days
3 6 mos.
ii
3
July
[From
our own
3 Short.
ii
3
ii
3
1 3mos.
»<
3
ii
1
3
3
3
27-97*2 3)28-02*2 July
27-97*2 Q>28'02 *2 July
90 days
51%©52
ii
Lisbon
Rate.
July
ii
...
Berlin
Time.
ii
ii
ii
3mos.
20-44*2
20-44*2
20-44*2
233s
11600
47-80
27-55
27-55
27-55
Is.
Is.
S^igd.
86l6d.
965s
4-87
3s.
105sd.
5s.2*2d.-5s.258d.
correspondent.!
London, Saturday, July 5, 1879.
Although the weather continues very unfavorable for the
growing crops, the money market is unaffected, and, in fact, in¬
creased ease has prevailed. The discount houses have reduced
their rates of interest for deposits to %
per cent per annum for
money at call and to 1 per cent for money left with notice of
withdrawal. In the discount market, also, increased ease has
prevailed, and now that the dividends on the public funds are
about tp be distributed, very easy rates of discount are looked
forward to. Dearer money can only be
produced by failure
of the crops in this country, and an
augmented demand for
breadstuffs at a marked rise in prices. On this
subject, much
anxiety begins to prevail. Notwithstanding that this is the 5th
day of July, fires and overcoats are comforts, and the weather
still presents a very unsettled appearance.
Wheat, which in
the south of England should have bloomed, and should be
showing some indications of approaching maturity, is scarcely
in ear, and under present circumstances it is
impossible to say
when harvest will commence. The wheat trade,
though firmer,
exhibits no activity, and an advance of only Is. to 2s.
per quar¬
ter is recorded, which is very trifling,
considering how unfavor¬
able is the agricultural prospect, and how low is the current
range of prices. Millers still show much indifference about
buying, and seem to be induced to pursue a policy of reserve
owing to the quietness which prevails in the trade in the
United States, and to the favorable reports which have been
published with regard to the supply of wheat which will proba¬
bly be available for export. As far as this country is concerned,
there is certainly no hope of a good crop, or even of an aver¬
age. The area of land under wheat has been reduced, and the
season has been most adverse.
But, unfortunately, the weather
has been generally unfavorable to the
agricultural interests.
All cereals, owing to the heavy rains, look weak and
sickly,
from which they might recover were the summer weather to
become bright and genial, though,
especially in the case of
wheat, a recovery can only be partial. In addition to the
case of cereal produce, no real
progress is being made with the
hay crop, while the graziers complain that the grass is too full
of moisture to admit of their stock
deriving the full benefits
which are expected from the pasture lands at thip
period of the
year. It will, therefore, be perceived that the position of agri¬
culturists in this country is very
unsatisfactory, and, indeed,
serious. The present will be the fourth consecutive bad sea¬
son, and it is difficult to see how an increase of
agricultural
distress is to be avoided. British farmers, in order to
compete
with profit against foreign producers, need to have
good crops*
of sound, marketable quality. This
season, unfortunately,
there is but little promise either of
quantity or quality.
The effect of another bad agricultural season
upon our
trade cannot be otherwise; than injurious. A curtailment
of the produce of the soil
obviously means a diminution,
in so much wealth or rather,
perhaps, a restriction in
Minneapolis & St. Louis first
cent gold bonds, due in 1927, interest payable the increase
of wealth which is the natural result of a
June and December, and the
Dubuque & Dakota first mortgage favorable season. We shall have to
€ per cent
purchase larger supplies of
forty-year gold bonds. These bonds are now food
offered in limited quantities
abroad, in order to meet our necessities; but food is a
by the well-known house of Mor¬
ton, Bliss & Co., 25 Nassau street, New York—the
former necessity for existence, and is not available for reproductive
bonds at 95 and the latter at 102and accrued
interest.
purposes. It is consumed, and continuous replenishments are
mortgage 7
per
jtoy id,
THE CHRONICLE!
raw.]
On the other hand, a good harvest would Increase 23 per cent, and above in full. Tenders for bills at six months*
at £99 4s., will be entertained in full. The Government is payour purchasing power and would largely facilitate our home
trade.
Deficient crops are calculated, therefore, to check a ing, therefore, only 16s. per cent per annum for three months?
return of the prosperity which has been delayed so long, and bills and £1 12s. per cent per annum for six months*.
The mercantile reports published during the week give a veiy
which still seems remote.
This week’s Bank return shows changes incidental chiefly to sorry account of the state of our commerce. A Manchester
the close of the half-year. There is an increase, for instance, of report says: “In some instances, producers, recognizing the
£1,600,827 in advances and discounts, but this demand is obvi¬ uselessness of selling except at ruinous rates in a market so
ously precautionary, as the larger portion of it reappears depressed as ours is, are making no effort to offer their goodsunder the head of current accounts, the total of “ other depos¬ In others, however, a certain amount of pressure is observable.**"
its” having been augmented by £1,373,441. The circulation of In the Yorkshire woolen trade, however, rather more business
notes has increased as usual at the termination of the half-year; has been doing of late, but the markets are now very dull. The
but the supply of gold is larger by £142,744, which shows that iron trade shows increased depression, and there is every indi¬
a small amount of coin has been received from provincial circu¬
cation of diminished production.
A report from the Cleveland
lation during the week. The proportion of reserve to liabili¬ district says: “The trustee of the estate of Messrs. Hopkins,
ties is now 55*28 per cent, against 57*73 per cent last week.
Gilkes & Co., Middlesbrough, is blowing out the two furnaces
The money market closes with a very easy appearance. which are in blast. These, with the two others forming part of
During the week there has been a moderate inquiry, partly in the estate, together with the extensive rail mill and Dank’s
consequence of the close of the half-year and partly owing to furnaces, will shortly be offered for sale by public auction, bat .
the maturing of inland bills due on the “ fourth.” The rates the Tees Engine Works, which are profitable, will be carried
are now very easy, as follows :
The trustees of Messrs. Lloyd & Co., Middlesbrough, are
on.
Per cent.
Open-market rates—
Per cent. having their seven furnaces—four at Middlesbrough and three
4 months’ bank bills
Bank rate
2
at Lackenby—blown out. There are nine furnaces in this-.
6 months’ bank bills
Open-market rates—
30 and 60 days’ bills
6
4
&
2
©
months’
trade
bills.
2*2
1 ®1*8
estate, all of which it is expected, will be offered for sale shortly.
3 months’bills
1 '©l *8
The West Hunwick Colliery, Brick Works and Coke Ovens,
The rates of interest allowed by the joint-stock banks for
near Bishop Auckland, were put up by public auction on Tues¬
deposits are unaltered ; but the discount houses have lowered
Messrs. Lloyd & Co. gave £2,500
their terms to the extent of *4 per cent. The following are the day, but no bid was made.
for them.
They were established in 1873 by the Lackenby
quotations:
Iron Company, which failed a few years ago, at a cost of
Per cent.
necessary.
.
.
„
Joint-stock banks
Discount houses at call
do
with 7 and 14 days’ notice of withdrawal
1
...
%
£29,000.”
The last
reports sent in from the various branches of the
Amalgamated
Society of Engineers complain, almost without
Annexed is a statement showing the present position of the
Large numbers of men are out of
Bank of England, the Bank rate of discount, the price of con¬ exception, of bad trade.
employment,
and
the
from the masters are that they
reports
sols, the average quotation for English wheat, the price of
find no difficulty in filling up any vacant places, the applications
Middling Upland cotton, of No. 40 mule twist, fair second quality,
and the Bankers’ Clearing House Return, compared with the for work being far in exess of the number of men required.
The result of recent strikes does not afford much encourage¬
three previous years:
ment
to the men in resisting.
In one of these—that of the
1879.
1878.
1877.
1876.
Circulation, including
£
£
£
£
moulders in the Liverpool and Birkenhead districts—the men,
bank post bills
29,829,964 28,785,719 29,060,519 28,712.133
Public deposits
7,279,300
7,539,039
8,766,333 after a struggle entending over fifteen weeks, resumed work:
5,727,684
Other
1
29,957,815
21,546,145
24,894,691
22,270,982
Governm’t securities. 14,480.146
Other securities
20,024,691
Res’ve of notes & coin 20,749,404
Coin and bullion in
both departments./35,286,269
Proportion of reserve
to liabilities
55*28
Bank rate
2 p. c.
Consols
,98
Eng. wheat, av. price.
42s. 6d.
Mia. Upland cotton...
6*316d.
No. 40 mule twist
9%d.
15,970,144
22,004,835
9,081,692
14,989,321
20,429,201
15,399,795
15,399,705
13,174,000
16,781,842
22,603,217
26,948,340
30,190,692
deposits
30*94
42*68
52*03
last, week at
week.
a reduction in wages varying from 2s. to 3s. per
In connection with this strike it may be interesting to
a few particulars which will illustrate the disastrous effects ;
which these struggles and the present condition of trade aie
give
of the workmen’s unions. At the close of
Society amounted to over
957s
94*2
46s. Id.
62s. 6d.
48s. lOd. £63,000, and at the close of November, 1878, they were declared
631ed.
died.
9*2(1.
10*od.
lid. to be £42,170; at the end of April last they had fallen to
Clearing-Houseretumll5,564,000 131,379,000 125,782,000 121,843,000
£19,493, and at the end of May to £14,641; so that during sir
The following are the current rates of discount at the prin¬
months up to the end of May there had been a loss to the funds
cipal foreign markets :
of no less than £27,529, or on an average £4,588 per months
Bank
Bank
Open
Open
With
rate.
market.
rate.
market.
regard to the effect of the state of trade, as shown by the
Pr. ct.
Pr. ct.
Pr. ct.
Pr. ct.
number
of men out of work, it may be stated that 3,781 mem¬
2
4 ©4*2
Paris
l^® 178 St. Petersburg
5
Vienna
Brussels
&
Trieste.
bers
2*2
*4*2
were
178®2*8
4*4®4*2
reported on donation, 281 on sick list, and 27® c«i
3 *4® 3 *2 Madrid, Cadiz &
Amsterdam..
3*2
superannuation;
making a total of 4,332 members, out of a
Berlin
3
©5
Barcelona
4
4
258®278
3
5 @6
2*2@234 Lisbon & Oporto.
Hamburg
5
gross membership of 12,207 persons, drawing relief.
Frankfort
3
23s®258 New York
3*2®5
The traffic returns of those railway companies which make
3
6
258®278 Calcutta
Leipzig
GenoaT
4
3 ®3*2 Copenhagen
4 ®4*2 4 ®4*2
up their accounts to June 30, viz., all the principal English
3
3
Geneva
There has been no demand for gold for export, but the arriv¬ lines except the Great Western, have now been published, and
als have been small, and, consequently, very little has been sent it is possible to form an estimate of the forthcoming dividends.
into the Bank. For silver there has been an improved inquiry For one short period in the course of the past six months the
on higher terms, and Mexican dollars have also realized en¬
receipts showed signs of improvement, but this was soon lost,
hanced quotations. The following prices of bullion are from owing to the exceptional weather experienced. On the wholes
dividends will show a reduction, and in some instances there
the circular of Messrs. Pixley & Abell:
will be a decided falling off. It is not probable that the work¬
gold
s.
d.
8.
d.
Bar gold, fine
per oz. standard. 77 9 ©
ing expenses have, as a rule, been reduced to the same extent
Bar gold, retinable
per oz. standard. 77 10*2®
as they were last year, while at the same time the fixed charges
Spanish doubloons
per oz. 73 9 ©
South American doubloons
per oz. 73
8*2®
are known to have increased rapidly.
With regard to the pas¬
United States gold coin
per oz. 76 3*2®
German gold coin
per oz. 76 3*4®
senger lines a reduction of 1 per cent is expected in the dis¬
silver.
d.
d.
tributions of the London & Brighton and South Eastern com¬
Bar silver, fine
per oz. standard, nearest. 52*8
®
Bar silver, contain’g 5 grs. gold
panies, that being the minimum in the case of the former.
peroz. standard. 52 *2
®
Mexican dollars
peroz. last price. 51*2
®
The London Chatham & Dover, however, which has not suffered
Chilian dollars
per oz. 52
©
to the same extent as the other Southern lines, will probably
Quicksilver, £6.
Discount, 3 per cent.
The periodical sale of bills on India, held on Wednesday, maintain its dividend, while the two Metropolitan lines may pay
passed off satisfactorily. The amount offered was £300,000. an increased % per cent.
Applications at Is. 7 15-16d. per rupee received about 38 per
Respecting the so-called heavy lines, viz., with a large goods
and mineral traffic, there are only three cases in which an
cent, and above that price in full.
Tenders were received at the Bank of England yesterday for improvement has been established, and those are the Great
£1,385,000 in Treasury bills. The amounts allotted were : In Northern, Great Eastern, and Midland; but the latter is so
bills at three months, £870,000; in bills at six months, £515,000. slight, considering the extent of the system, that it is not
Tenders for bills at three months, at £99 16s., will receive about probable the dividend will be improved. In the case of thfe
...
...
...
...
...
...
...
...
3^
p. c.
2*2
...
p. c.
2 p. c.
.9378
-
having
upon some
1877 the funds of the Moulders*
-
-
-
58
THE CHRONICLE.
Great Northern the
receipts show a decided increase, but, at
time, the mileage under working is much
larger, and
the fixed charges have swollen
considerably, so that a better
the
country
same
| VOL. XXIX,
on a sounder
basis; but the latest
does not hold out
very great
hopes of
from Zululand.
termination of
news
speedy
Perhaps under Sir Garnet Wolsesley’s direction,
Eastern, however, our forces will bring on a decisive
will probably be in a
conflict. In the revenue
position to distribute % per cent per statement for the
year, the principal feature is an increase
of
annum, this being the first time such a
thing has been possible £2,570,000 in the receipts from
in the first half of the
and
property
income
tax, the
year for a considerable period. The total
being £8,341,000, against £5,771,000 in 1877-8.
Mr.
prospects of the Lancashire & Yorkshire are far from
dividend is not at all certain.
able, and
hostilities.
The Great
favor¬
as,
Gladstone proposed to abolish this
tax, which to Sir Stafford
Northcote is very useful.
Possibly, however, the ex-Premier
only intended to hold it in reserve as a war tax, for which
dujring 1878, this
company was unable to reduce
its expenses to any large
extent, a further severe reduction may
be anticipated. The North Western’s distribution
will probably
be % per cent worse, while the North
Eastern’s must also be
purpose it was originally instituted.
ment of revenue for various
The latter, with a reduction of over
£300,000
receipts—equal to more than 3 per cent ordinary
dividend—might be thought unable to pay a satisfac¬
tory dividend, but as this company has hitherto reduced its
expenses to so great an extent, a similar
saving is now looked
forward too. Still, with the utmost
efforts, 5 per cent would
in the gross
to be the maximum.
the distribution on
off in the receipts
A reduction will also take
place in
the Manchester &
Sheffield, a small
falling
material degree the ordinary
affecting in a
dividend, owing to the limited amount of the stock.
Annexed
are figures
showing the increase or decrease of traffic receipts
during the past half-year, the estimated increase in the fixed
charges since the corresponding period of 1878, and also the
amounts required to
pay 1 per cent per annum
ordinary divi¬
dend :
Dividend
in
Great Eastern
Great Northern
Lancashire & Yorkshire.
London & Brighton
L. C. & Dover
North Western.
Southwestern
Mauch. & Sheffield
Metropolitan
Metropolitan District
Midland
North Eastern
South Eastern
1878.
nil.
4
43*
4*4
31*
6
43*
lh*
5
*2
5
6
4
New cap. Income on Inc. or
exp’d in cap’l for
decrerse
past
of rehalf-year
year,
300,000
1,260,000
1,387,000
572,000
2,452,000
291,000
639,000
atlperct.
7,800
25,320
27,740
11,440
826,000
325,000
ceipts. percent.
+30.001
+52,833
51.600
53,000
70,500
49,040
5,820
—91,640
—33,885
—18,395
34.300
117.000
—135,961
156,000
12.780
—26,733
4,640
+85
232,000
2,000,000
Amount
req’d to
pay 1
40,000
16,520
6,500
44,400
+3,741
+11,615
—303,155
—46,781
27,500
21,200
11,100
104,200
98,000
40,900
The dividends of most of the
leading metropolitan joint-stock
banks have now been declared, and
they are on the whole of a
satisfactory character. The Union of London pays
only 12%
per cent, instead of 15 per cent as in 1878,
but, with this
excep¬
tion, the distributions have been maintained. The
London
Joint Stock pays the usual dividend at the
rate of 15 per cent
per annum, adds the usual 3 per cent interest to
the guarantee
fund, and carries forward a substantial balance. The
dividend
of the London & Westminster will
be at the same rate, viz.,
14 per cent, but
only £30,000, as against £60,000, is added to
the “ rest,” or reserve
fund, which, nevertheless, amounts now
to no less than £1,008,000.
Among the secondary institutions,
the City, Imperial and North Western
have all declared the
same dividends, and the same
be
may
said of the principal dis¬
count establishment—the National
Discount, which distributes,
as before, 12 per cent.
With regard to the provincial
banks, it
may be noticed that the North and South Wales has
declared
a
dividend at the rate of 17%
per cent, the Manchester and
County, 15 per cent; the Lancashire and Yorkshire, 8 per cent,
Liverpool Commercial, 10 per cent, all being without
and the
change when compared with the first half of 1878.
The Anglo-American Food
Supply, General Stores, and Trad¬
ing Company (Limited), with a capital of £150,000 in
100,000
shares of £1. 10s. each, invites
application for 50,000 shares.
The object of this
undertaking is to establish stores in London
and the leading provincial
centres, where
principal products of America, Canada
always on hand.
a
good supply of the
and the colonies will be
The close of the quarter and of the
half-year has led to the
appearance of the revenue statement,
which, although not
altogether satisfactory, is not discouraging. Customs
.and
excise show unfavorable
results, there being a decrease in the
former for the past quarter,
compared with 1878, of £300,000,
and in the latter of
£325,000. The receipts from income-tax,
however, have been augmented by £631,000; but there
is a
falling off in those from land tax and house duty. An adverse
feature is
reduction of £128,619 under the head of
miscellane¬
revenue amounted,
however, to £18,922,050,
against £18,817,695 last year. The increase is
small, but, in
addition to this, there is the
important fact that our
ous.
a
The quarter’s
expendi¬
ture has been very
largely curtailed of late. Were it not for
the heavy expenditure connected with
the Zulu war, the Gov¬
ernment would be in a
position to place the finances of the
i
The
following is the state¬
periods:
decidedly lower.
seem
a
Sept. 30,
1878.
-Quarters ended.
Dec. 31,
1878.
£>
Customs
Excise
£
March 31,
1879.
£
.Yearended
June 30,
1879.
£
June 30,
1879.
£
4,626,000 5,484,000 5,279,000 4,627,000
5.508,000 6,990,000 8,327,000 6,250,000 20,016,000
2,532,000 2,628,000 2,849,000 2,915,000 27,075,000
10,924,000
Stamps
Land tax and
house duty..
115,000
Property and
income tax..
566,000
Post office
1,513,000
Tel’gh service.
370,000
82,000
206,189
Crown lands..
Int. on advan’s
Miscellaneous. 1,190,338
Totals
.
26,000
2,033,000
480,000
440,000
1,554,000
6,770,000
1,544,000
1,565,000
1,645,000
325,000
300,000
141,000
104,000
383,151 ' 205,578
1,098,411 1,108,610
2,654,000
8,341,000
6,256,000
340,000 1,335,000
80,000
407,000
322,807 1,117,725
697,243 4,094,602
16,708,527 19,069,562 28,520,183 18,922,050
83,220,327
Quarters ended.
Year ended
Sept 30,
Dec. 31,
March 31,
June 30,
June
,
*
3 877.
£
Customs
Excise
Stamps
Land tax and
house duty..
1877.'
£
4,670,000 5,386,000
5,547,000 6,855,000
2,564,000 2,735,000
1878.
£
1878.
£
5,128,000
8,299,000
2,831,000
<,
46,000
1,968,000
181,447
Miscellaneous. 1,198,535
342,000
1,577,000
320,000
141,000
337,310
643,884
1,527,186
825,862
and
income tax..
404,000
Post office
1,455,000
Tel’gh service.
355.000
Crown lauds..
82,000
Int.
on
ad van’s
Totals
..
A special
£
4,927,000 20,111,000
6,575,000 27,276,000
2,661,000 10,791,000
128,000
Property
30,
1878.
546,000
2,688,000
4,091,000
934,000
1,484,000
295,000
104,000
161,069
1,629,000
5,771,000
6,185,000
1,310,000
340,000
83,000
296,833
" 410,000
976,659
4,195,467
..16,624,982 18,383,194 25,888,255 18,817,695 79,714,126
meeting
held on Monday of the shareholders of
Railway of Canada, Sir Henry W. Tyler, the
President, in the chair. The meeting was convened for the
purpose of submitting an Act for the acquisition
by the Domin¬
ion of a portion of the
company’s undertaking to be made part
of the Inter-colonial
Railway. The purchase money, the Act
provided, should not exceed $1,500,000; a sum not
exceeding
$375,000 might be expended in repairing the line purchased and
relaying it with steel rails, and a further sum, not exceeding
$255,000 to defray the expense of operating it
during the year
ending June 30, 1880. The Chairman, in submitting the Act
and resolutions
approving it, said that he, Sir Charles Young,
and Mr. Heygate, M. P., had been to Canada
since the last
general meeting, and the negotiations for the purchase of this
part of the undertaking had at last been brought to a
point.
He strongly recommended the
acceptance of the proposal. The
motion having been seconded, a discussion
followed, and an
amendment was proposed. The President, in
reply, said he
agreed that the price was low, but they could obtain no more.
The money they were to receive from the Dominion
Government
(£340,000) wrould be devoted to getting them an extension from
Port Huron tor Chicago.
The importance of their getting
was
the Grand Trunk
Western connections was very great; and without this
money
from the Dominion Government
they could not have attempted
the plan he had indicated. The amendment was not
and the motion was adopted.
and the directors closed the
pressed,
A vote of thanks to the chairman
meeting.
Seyd, F. S. S„ has published an analysis of the
failures which have taken place in the United
Kingdom during
the past six months, and it will occasion no
surprise if the
statement compares unfavorably with
previous years, the total
number of failures being 8,990, of which 1,553 are in the finan¬
cial, wholesale and manufacturing branches of trade, and 7,437
in retail trade and professional
pursuits, or among builders,
publicans and the working classes. The largest number of
insolvencies in wholesale departments of business for the six
months occurred in January, when 300 firms
succumbed, and the
smallest number in June, when the list included 170. The
heaviest month for retail houses was
February, when 1,320
failed, and the lighest June, when the number was 1,004. The
collapses in the wholesale trades rose to 1,553 for the first six
months of 1879, against 2,643 for the whole of
1878, and 2,172
Mr. Ernest
for the whole of 1877. Of the class who failed under this head
in the half-year, 315 carried on business in
London, against 566
in the whole of 1878, and 456 in the whole of
1877; 55 in Liver¬
pool, against a total of 92 for the twelvemonth of last year, and
>
July
CHRONICLE.
THE
19,1879.]
81 for the whole of 1877; 107 in
Manchester, against 187 and
respectively; in Yorkshire, not including Middlesborough,
263, against 408 and 324; in Birmingham and the Midland
iron district 120, against 216 and 189; in Newcastle, Middles¬
borough, Hull, and district, 59, against 152 and 129; in the
provinces 332, against 561 and 457; in Scotland 133, against 232
and 139; and in Ireland 15, against 32 and 33. Should the
aggregate failures in the next six months equal the number for
the half-year now closed, it follows that there would be an excess
59
Liverpool Provisions Market.—
Sat.
d.
Mon.
d.
s.
Tues.
0
46
26
“ ..27
0
26
0
0
6
Beef, pr. mess, $ tierce
Lard, prime West. $cwt.32
Cheese, Am. ch.new “ 34
O
31
34
9
144
for the whole of 1879 of 463
1878, and of 934
over
over
1877.
s.
Bacon, long clear, cwt..26
Short clear
O
0
Wed.
8.
d.
Thurs.
46
26
26
d.
0
0
6
46
25
26
0
6
6
31
33
9
6
31
33
9
6
8.
Fri
46
25
26
d.
O
6
6
46
25
26
0
6
31
34
9
O
31
34
9
0
8.
6
(ifommevcml atidl|Xlscjellatrcous Hews.
Imports
and Exports for the Week.—The imports of last
compared with those of the preceding week, show
an increase in dry goods and a decrease in general merchandise.
The total imports were $4,741,393, against $4,966,610 the pre¬
ceding week and $5,319,994 two weeks previous. The exports
for the week ended July 15
amounted to $5,878,670, against
$5,646,576 last week and $6,273,083 the previous week. The
following are the imports at New York for the week ending
(for dry goods) July 10 and for the week ending (for general
merchandise) July 11:
week,
During the past six months subscriptions have been effected
new capital to the extent of £27,595,000,
against £18,811,000 in the same period of last year, while those
in which foreign countries have participated have been £4,273,000, against £8,080,000. The money payments during the halfyear have amounted to £20,306,000 by Great Britain alone,
FOREIGN IMPORTS AT NEW YORK FOR THE WEEK.
against £16,343,000 in 1878, while those which have been partly
1876.
1877.
1878.
1879.
provided for abroad have amounted to £8,688,000, as compared Dry Goods
$911,530
$1,296,134
$960,105
$1,304,836
General mdse...
4,460,054
5,468,261
with £4,889,000.
3,154,941
3,436,557
The wheat trade during the week has been decidedly firm, Total week......
$5,371,584
$6,764,395
$4,115,046
$4,741,393
and bad weather has caused no excitement. The better quali¬ Prev. reported.. 159,523,757 176,594,040 148,722,827 158,509,243
ties show a rise in price of about Is. to, in some instances, 2s. Tot. s’ce Jan. 1..$164,895,341 $183,353,435 $152,837,873 $163,250,636
In our report of the dry goods trade will be found the imports
per quarter; but this applies more to the inland markets, which
of dry goods for one week later.
are unaffected to some extent by foreign supplies.
The following is a statement of the exports (exclusive of
During the week ended June 28, the sales of home-grown specie) from the port of New York to foreign ports for the
wheat in the 150 principal markets of England and Wales week ending July 15:
EXPORTS FROM NEW YORK FOR TIIE WEEK.
amounted to 36,280 quarters, against 23,909 quarters last year;
1876.
1877.
1878.
1879.
and it is estimated that in the whole kingdom they were 145,120
For the week....
$7,170,896
$5,154,447
$5,413,092
$5,878,670
quarters, against 95,700 quarters in 1878. Since harvest the Prev. reported.. 130,949,128 138,968,430 177,162,596 163,899,944
sales in the 150 principal markets have been 2,266,040 quar¬ Tot. s’ce Jan.
1..$133,120,024 $144,122,877 $182,575,638 $169,778,614
ters, against 1,736,200 quarters, while in the whole kingdom
The following will show the exports of specie from the port
it is computed that they have been 9,064,160 quarters, against, of New York for the week ending July 12, 1879, and also a
6,944,800 quarters in the corresponding period of last season. comparison of the total since January 1, 1879:
July.
Without reckoning the supplies furnished ex-granary at the
8—Str. Montana
Liverpool
Mex. siiv. dots.
$7,500
8—Str. Santo Domingo..Porto Plata
.Peruv. sil. soles
167
commencement of each season, it is computed that the following
Mex. silv. dol8.
1,561
12—Str.
General
Am.
silv.
Werder..London
bars.
90,000
quantities of wheat and flour have been placed upon the British
Mex. silv.
in Great Britain for
-
..
bars.
Mex. silv. dols-
markets since harvest:
1878-9.
of
47,584,468
7,202,769
35,443,754
5,684,530
44,517,329
5,325,377
Total for the week
39,277,850
30,588,000
32,282,500
33,295,300
Tot. since Jan.1,’79
($9,383,760 silver, and $1,932,619 gold).$11,316,379
87,323,463
of
1,583,383
85,375,237
73,590,784
83,138,006
specie at this port for the
1,516,633
773,096
840,532
The imports of
been as follows:
83,858,554
72,817,688
82,297,474
50s. lid.
52s. lid.
45s. lid.
1875-6.
home-grown
produce
Total
Deduct
exports
wheat and flour
Result
85,740,080
Av’ge price of English
wheat for the
season.
40s. 7d.
=>
The
following figures show the imports and exports of cereal
produce into and from the United Kingdom since harvest, viz.,
from the 1st of September to the close of last week, compared
with the corresponding period in the three previous years:
($122,285 silver, and
$122,285
gold)
Previously reported ($9,261,475 silver, and $1,932,619 gold). 11,194,094
Wheat
...cwt. 40,478,028
Barley
9*283,372
Oats
Peas
9,456,944
1,443,262
1.422,265
30,246,532
7,567,635
Beans
corn....
Flour
47,584,468
11,807,858
10,036,125
1,503,688
2,575,259
29,724,543
7,202,769
1876-7.
1875-6.
35,443,754
44,517,329
11,591,928
9,347,135
1,139,957
3,941,163
28,933,597
5,864,530
7,506,935
9,492,853
1,297,686
3,302,667
22,193,460
5,325,377
EXPORTS.
1878-9.
Wheat
...cwt.
Barley
Oats
Peas
Beans
Indian
Flour
1877-8.
1,462,747
1,440,741
105,017
89,361
19,(568
14,859
54,131
98,751
18,743
19,028
216,699
75,942
422,845
corn....
120,636
En iflisli
Market
ite
1876-7.
733,265
48,377
84,477
22,089
27,109
444,500
39,831
July.
7—Schr. E. L. Leonard.
Trade dols
.Mayaguez
Am.
7—Str. Gen. Werder
7—Str. Andes
138,696
Am. silver
Trade dols
.Aspinwall
Tues.
Wed.
Thurs.
.
-
Erie,
common stock
Illinois Central
Pennsylvania
1061s
108 78
104%
28%
89%
41
10438
28%
90%
41i8
Pliiladelphia& Reading. 20
106% xl05%
109
109%
10434
1045b
283s
2838
90
90%
41
1978
19%
Liverpool Cotton Market.—See special report
Liverpool Breadstuffs Market.—
Sat.
on
1053s
109%
104%
28%
90%
41%
19 %
Fri.
1053e
109%
104%
28%
90%
20
cotton.
Mon. - Tues.
Thurs.
Wed.
Fri.
s.
d.
s.
d.
s.
d.
8.
d.
8.
d.
Flour (ex. State) $ bhl.. 23 6
23 6
24 O
24 O
24 0
24 O
8 10
8 10
8 11
8 11
8 11
8 11
Wheat,spr’g,No.2,1001b.
44
7 10
4
10
8 0
8 0
Spring, No. 3...
8 0
8 0
ti
9- 5
Winter, West.,n.
0
5
9
5
9
5
5
9
9 4
44
9 8
9
9 9
9 9
8
9 9
Southern, new
9 8
44
Av. Cal. white..
9 2
9 2
9 3
9 3
9 3
9 0
44
Caliiornia club.
9 6
9 6
9 8
9 8
9 7
9 8
4 5
4 5
4 5
4 5
4 5
Corn,mix,sft,old,$cent’l
4 5
44
4 2%
4 2%
'Prime, new
4 3%
4 3%
4 3%
4 3
-
r*
.
■
gold
321
Tot. since Jan.
3,500
2,055
45Q
Am. silver
Silver bullion..
and $5,966 gold)
Previously reported ($4,845,603 silver, and $688,862 gold)
..
312
$165,023
5,534,470
1, ’79 ($5,004,665 silver, and $694,828 gold). .$5,699,493
BINKING AND FINANCIAL.
OFFICE OF
FISK
'
—
106
108 78
820
Total for the week ($159,057 silver,
25,*792
July 12.July 14.July l5.July 16. July 17.July 18.
Silver, per oz
d. 513*
51%
51%
51i316 51%
51i%6
Consols for money...... 97foi0 97i316 97i5ie
97i%6 97iB16 97131g
Gonsols for account
971»ig 9713iq —
- -—
97i5i6 9715i6
971316
971516'
U. S. 5s of 1881
U. S. 4%s of 1891
U. S. 4s of 1907
600
1,165
12,093
9—Str. Bahama
.Trinidad
10—Schr. Como
.Gibera
11—Schr. S. T. Wiuterton.Jeremie
11—Str. Scythia
.Liverpool
23,156
ports—Per Cable.
Mon.
70Q
Belize
8—Brig Tula
337,713
34,556
8,344
47,527
Money and tito^k Market.—The bullion in the Bank
-
651
Am. gold
Gold dust.'
815,955
England has increased £217,000 during the week.
Sat.
160
.Bremen
1875-6.
closing quotations in the markets of London and
Liverpool for the past week, as reported by cable, are shown in
the following summary:
London
.
$3,500
gold
Foreign silver.
&
HATCH,
BANKERS, AND DEALERS IN GOVERNMENT SECURITIES,
The daily
of
periods have
•
Am.
1877-8.
same
-
IMPORTS.
1878-9.
Indian
17,557
5,500
1876-7.
Imports of wheat.cwt.40,478,028
Imports of flour
7,567,635
Sales
'
1877-8.
No. 5 NASSAU
STREET,
New York, July 7,1879.
place for the savings of the people, for trust funds, forestates
for all those desiring perfect security and a certain income, is in the
Bonds of the Government. We buy and sell all issues of United States
bonds, including the popular Four per cents. We pay especial attentioa
to the refunding of the called Five-Twenty and Ten-Forty Bonds.
A
complete assortment of the different dehominations of the Four per
cents, which are issued in 50s, 100s, 500s, 1,000s, coupon form, and, in
addition, in 5,000s, 10,000s, 20,000s, 50,000s registered, constantly off
hand for immediate delivery.
We also pay especial attention to purchases of all first-class investment
bonds and stocks on commission at the Stock Exchange. Our office is.
free to all intending investors who may desire to consult files of quota-,
tions and obtain information before making their investments.
The sure
J5P Holders of Five-Twenties, of either issue, and of Ten-Forties,
should take notice that all their bonds have been called in fob
redemption,
that the Five-Twenties have all ceased to draw interest,.
and that the interest on the last of the Ten-Forties will cease on the 21st
day of the present month. As they will lose interest on their money by
holding their called bonds that are past due any longer, and as those
not yet due can be now disposed of as advantageously as at maturity,*
holders will find it to their interest to make their exchanges and rerr
investments at once.
_
.
FISK & HATCH.
'
60
THE CHRONICLE
3pue jankers' (Saxcltc.
No National Banks
Closing prices at the N.
following dividends have recently been
Name of
Company.
Per
When
Books Closed.
Payable.
(Days inclusive.)
$2
to Aug. 1
3
3
to Sept. 3
to Aug. 1
Banks.
German-American
2%
Insurance.
American Fire
Phemx (Brooklyn)
Relief Fire
Republic Fire
WiHiamsburgli
ff
5
5
On
On
3^2 On
10
On
Fire
Miscellaneous.
Schuylkill Nav., pref
do
*
do
*70
per cent
Money
present week has been
ters.
an
and
It has recorded the
Lowest.
6
subscribed
on
P. M.
of the 4 per
S.
Morgan &
cent loan,
-
single call,
as
that
amount
day (July 18). There has been no dis¬
turbance in financial circles, the settlements have
been quietly
fleeted, and a new chapter of some importance has been added
to the financial
history of the United States.
Prime commercial paper
to the time it has to
easily and on call loans
according to the collaterals.
sells readily at 3£@4£ per cent, according
run.
The Bank of
England weekly statement on Thursday showed
gain of £217,000 in specie, and the percentage of reserve was
against 54 11-16 per cent the previous week. The discount
rate remains
unchanged at 2 per cent. The Bank of France
a
-
-
showed
a
loss of
li,650,000
francs for the week.
The last statement of the New York
issued
<
r
-
July 12, showed
an
above their 25 per cent
*
City Clearing-House banks,
increase of $508,825 in the
and
a
comparison with the two preceding
1879.
July 12.
Loans and dis. $262,951,900
19,971.500
Circulation
20.509.900
Net deposits
241,328,800
Legal tenders.
51.301.900
Specie
..
.
Differ’nces fr’m
previous week.
Inc .$5,869,400
Inc.
81,900
Dec.
33,000
luc. 5,321.500
Inc. 1,757,300
1878.
July 13.
1877.
July 14.
$234,120,100 $252,452,700
22,048.600
18,887,800
19,522,100
217,411,500
15,668,400
229,088,300
58,809,200
55,556,300
July 1.
since Jan. 1, 1879,
48.
3.
U. S. 5s of 1881
U. 8. 4%s of 1891
U. 8. 4s of 1907
Coupon.
4,296,150
13,056,950
42,145,800
243,501,950
165,910,750
84,089,250
419,280,500 *247,749,400
64,623,512
of
Refunding Certificates
in London for three weeks
past and
were as
follows:
Range since Jan. 1, 1879.
July July July
11.
18.
Lowest.
Highest.
106% 106
x05% x05
July 16 109% Jan. 4
108% 109
109% 106% Mcb. 24 110
May 2
104% 1043s 10434 101
Mch. 26 105% May 22
State aud Railroad
Ronds.—Louisiana State bonds have
to-day’s dispatches from New Orleans state
bearing only 2 per cent interest for some years,
is the latest proposition made
by the convention.
The yellow fever apprehension about
Memphis affects unfavor¬
ably some of the bonds of railroads in that vicinity, but, aside
from this influence, railroad bonds are
very strong, and with the
large investment demand now pressing on the market, the
tendency is towards higher figures.
The following securities were sold at auction:
been weak again, and
that a new bond,
Shares.
60 N. Y. Equitable Insurance.182
8 Germania Fire Insurance.. 174.,
10 Lafayette Fire Insurance.. 120
12 Manhattan Gaslight Co. ..146*4
30 Joseph Dixon Crucible Co.
of Jersey City
74
Bonds.
$7,000 New Jersey & New
gold, due 1892; Sept.,
1876, coupons on
July
11.
2
2,000 2d Ave. RR. consoli¬
dated 7s, due 1888.... 70
Closing prices of leading State bonds
States.
<
York RR. 1st mort.
7s,
the range since Jan. 1, 1879, have been
July
for two weeks past, and
as follows:
Range since Jan. 1, 1879.
18.
Lowest.
Highest.
Louisiana consols
Missouri 6s, ’89 or ’90
North Carolina 6s, old
Tennessee 6s, old
x44%
43% 38 34 June 2 69
Jan.
6
*106% *105% 103% Mch. 5 107% June 10
*25
*24% 18
Feb.
8 2578 June 14
33% *33% 33 % July 11 42
Feb. 13
*78
Virginia 6s, consol
*78
73 % June 20 73% June 20
do
do
2d series.
41% Apr. 29 44
Mch. 28
District of Columbia 3-65s...
88
87%
3
79% Jan.
88% May 23
*
This is the price bid;
Railroad and
Bonds.—There has been an active business
government bonds led by the transaction above referred
to, in
96,279,350
264,938,400
$12,848,210
years.
(Jolted States
no
sale
was
made at the Board.
Miscellaneous
Stocks*—The stock market
has shown
f!
increasing strength, and closes decidedly buoyant, at
in
much higher prices than a week
There is the appearance
ago.
which all the balance of the 4
per cents have been sold for Lon- of a decided bull movement
in the leading speculative
don account. So far as that market is
stocks,
concerned, the sale of and the Northwests and St.
Vanderbilt
Pauls,
the
Western
*12 ,000,030 to such a firm as J. S. Morgan & Co. is more
likely stocks. Lake Shore and Michigan Central, as well as Hannibal &
to operate as a stimulus to the
English demand than as a satis¬ St. Joseph and some others, have been
conspicuous for their
faction of it, and the
probability increases that bonds will have activity and higher
prices.
is
It
well
known
that the present
to be purchased in New York to meet
the growing demand in
influences of the market, including the
great ease in money, are
London. With next Monday the last of the
ten-forties cease t o favorable to
high prices for stocks, and, added to this, are the
<iraw interest, and it will be
impossible to tell for a few days reports of a large, or
certainly very fair, yield of cereal crops this
bow many bonds are
jri
which there
*
hi
on
Closing prices of securities
the range
excess
legal reserve/ the whole of such excess
being $10,941,200, agaiost $10,432,375 the previous week.
The following table shows the
changes from the previous week
f ■
if
outstanding
April last. But in addition to the sale
for London account of the last of the
U. S. Four per cents at a
The money market has worked
very
the rates are about 2£@3£ per
cent,
# '
This amount does not include
which the syndicate
of ten-forties matures this
*
July
17.
$203,311,900 $79,424,450
2,851,450
7,046,600
the 17th of
a
Registered.
cp. x03% May
1 107% Jan. 15
4%s, 1891.. cp. 104
Mcli. 21 108
May 21
4s, 1907
cp. x99
Apr. 1 103% May 21
6s, cur’ncy.reg. 119% Jan.
4 128
May 31
some
cent—this being the whole amount
-•* 160,000,000 of bonds falling due in
Highest.
5s) 1881
Situation.—The
premium of nearly 2 per cent above par, we have witnessed the
unprecedented transaction of the settlement for no less than
*
July
Amount July 1,1879.
6s,5-20s,’67.cp.
6s,5-20s,’68.cp.
5s, 10-40s...cp.
in government bond mat¬
remaining unsold of the $121,000,000 for
.
16.
made at the Board.
6s, 1880-1.. cp. x0438 July 11 107% June 23
RR. Co.
closing out to Messrs. J.
per
was
Range since Jan. 1,1879.
*
Co., of London, of tlie total balance
*12, 100,000, at lOlf
This is the price bid; no sale
dem.
Financial
one
July
dem.
cts.l August
eventful
15.
of
dem.
dem.
scrip of Phila. & Read.
Market
July
14.
The range in prices since
January 1, 1879, and the amount
each class of bonds
outstanding July 1, 1879, were as
follows:
16
12 L
FRIDAY, JULY 18, 1879-5
Xlie
*
*$1 40 August 6
com
Payable in six
to Aug. 1
August 1 July 22 to July 31
3% July
3% July
Irving
July
12.
follows:
1880..
reg. J. & J. *104% *104% 104% *104%
*104% *104%
1880..
coup. J. & J. *104% *104% *104%
*104% *104% *104%
1881:.
reg. J. & J. *104% 104% 104% 104%
104% *104%
1881..
J. & J. *104% *104%
104% *10158 *104% 10434
5s, 1831..
r eg. Q.-Feb.
102% *102% 10234 102% 102% 103
5s, 1881..
Q.-Feb. 103% 103% 103% 104
104% 104%
4%s, 1891
reg! Q.-Mar. 105% *105% *105% *105%
*105% 105%
4*28, 1891
coup. Q.-Mar. 105% 106
106
106
*105% 106
4s, 1907..
r eg. Q.-Jau.
101% *10134 102
102
*102
102%
4s, 1907..
coup. Q.-Jan.
101% 10134 102
102
102
102%
6s, cur’cy, 189 5.. reg. J. & J. *122
*122
*122
*122
*122
*122
6s, cur’cy, 1896.. reg. J. & J. *122
*122
*122
*122% *122% 122%
6s, cur’cy, 1897..reg. J. & J. *122
*122
*122
*42214 *122% 1223s
6s, cur’cy, 1898..reg. J. & J. *122
12234 123
*122 34 122% 122%
6s, cur’cy,' 1899..reg. J. & J. <122
*122
124
*123% *123
,123
announced:
August 1 July 22
3% August 9
Sept.
1 Aug. 14
August 1 July 22
$2 August 1 July 22
July
as
6s,
6s,
6s,
6s,
Cent.
Railroads.
Bari. & Mo. River, in Neb..
Detroit Lansing & No. pref.
Illinois Central
Panama (quar.)
Republican Valley (guar.)..
Y. Board have been
Interest
Periods.
organized during the past week.
DIVIDENDS.
The
[Vol. XXIX.
r
yet to
are no new
come
in and be paid off, against
issued,and the proceeds of
4 per cents to be
season,
tion.
with
a
known increase in the
acres
of land under cultiva¬
These
circumstances, with the generally buoyant tone in
which must therefore be
placed by their holders in other invest¬ financial
circles,
and the final closing out of the 4 per cent loan to
ments.
According to a Washington dispatch, the Treasury has
eager buyers in London, all contribute to help on the movement,
purchased $315,000 in five per cent bonds, to be applied to the
and at the Stock
Exchange to-day the market presented all the
Pacific Railroad
sinking fund. Purchases will continue to be indications of an active bull
speculation. The low-priced stock*
i made
monthly to the amount of government transportation.
have shared iu the general
strength and activity.
_
July
The
THE CHRONICLE
19, 1879.J
daily highest and lowest nrices have been
Saturday, Monday,
July 12.
56
Canada South.
'
Chic.M.& St.P.
do
pref.
Chic. & N. W..
do
pref.
Chic. R. I. & P.
Clev. C. C. & I.
Clev.&P.,guar
€ol.Chic.& I.C.
Del. &.H.Canal
Del.Lack.& W.
Erie
do pref
do*
pref.
Illinois Cent...
Kansas Pacific
Lake Shore....
Mich. CentralMo. Kans. & T.
Mor. & Essex..
N.Y.C.&H. R.
Ohio & Miss..
Pacific Mail....
Panama
July 16.
56
51%
do
pref.
St.L. & S.Fran.
pref.
1st prf.
Sutro Tunnel.
Union Pacific..
Wabash
West. Un. Tel.
These
are
IP
IP
II*
....
22
'4%
76
4%
76%
35% 36%
91
92
4%
4%
4%
4%
76
76
76
76%
35% 36% 35% 36%
89% 91% 89% 90%
4%
76%
89% 90
Chicago & Alton
made at the Board
in prices for 1878 and
Lowest.
500
45% Jan.
33% Jan.
35,327
865
75
Mcli.
263 111% Jan.
155,130 34% Jan.
9,970
74% Jan.
49% Jan.
76% Jan.
do
do
27,800
pref.
Chic. Rock Isl.& Pac.
1,895 119
Clev. Col. Cin. & Ind.
1,405
3434
Clev. & Pittsb.,guar.
1,837
84%
Col. Chic.& Ind. Cent
850
5
Del. & Hudson Canal
3,680 38
Del. Lack. & Western
43
59,431
Erie
29,040
21%
do pref
37%
2,350
Hannibal & St. Jo
14,435
13%
34
do
do pref.
36,080
Illinois Central
79%
3,012
Kansas Pacific
1,550
9%
Lake Shore
67
125,060
7334
27,812
Michigan Central....
Missouri Kan. & Tex.
538
5,200
Morris & Essex
6,022
75%
N. Y. Cent. & Hud.R.
1,495 112
Ohio & Mississippi...
734
15,475
Pacific Mail
103s
8,945
Panama
130 123
Pitts. Ft. W. &Chic..
576 101
St. L. I. Mt. & South.
13
3,462
St. L. K. C. & North.
7
7,650
do
22,550
25%
pref.
St. L. & S. Francisco.
100
3%
do
280
4%
pref.
do
1st pref.
200
9%
Sutro Tunnel
23s
6,450
Union Pacific
57%
2,790
Wabash
1734
14,725
Western Union Tel..
89%
50,262
■
...
Total sales of the week
'
West’n
Uu. Tel.
July 12
6,613
10,350
10,977
6,105
14
15
16
17
18
10,414
5,803
Jan..
Jan.
Jan.
Jan.
Jan.
Jan.
Jan.
Jan.
Jan.
Mcb.
Jan.
Jan.
Jan.
Jan.
Jan.
-
July 17
28
19
18
17
18
12
23
21
16
29
2
2
5
5
23
23
2
30
24,645
28,725
43,375
28,355
37,390
39,350
38
45%
45%
13%
6634
85
99% 114%
27% 54%
64
8434
32% 55%
5934 79%
983s 122
23
38%
63%
2%
3438
85
6%
59%
61%
41
4.100
5.100
1.100
3,025
28,456
17,650
15
2
~
7%
85
102
5
3%
19
15%
7%
26%
4%
5%
1%
1%
5% 11%
5
3%
61% 73
12% 23%
75% 102
follows.
Lake
Shore.
Erie.
1,050
7,235
5,400
4,535
7,620
3,200
29,550
23,300
11,780
19,800
27,680
12,950
..
is given in the
The latest railroad
earnings and the totals from Jan. 1 to latest
dates are given below.
The statement includes the gross earn¬
ings of all railroads from which returns can be obtained. The
columns under the heading “Jan. 1 to latest date” furnish the
gross earnings from Jan. 1 to, and including, the period men¬
tioned in the second column.
-Latest earnings reported.—, ✓-Jan. 1 to latest date.—>
Week or Mo.
1879.
1878.
1879.
1878.
Atl. & Gt. West..
$56,759 $2,856,974 $1,565,336
.May
319,013
287,417
Atlantic Miss.&0.May
130,979
125,208
Bur. C.Rap;&N.. lstwk July
20,313
24,697
Burl.&Mo.R.in N.May
159,663
145,754
Cairo & St.Louis.. 1st wk July
5,475
5,016
Central Pacific ...June
1,377,000 1,393,852
Chicago & Alton. 1st wk July 101,827
73,177
Chic. Burl.&Q...May....
1,171,303 1,275,516
Chic. & East. Ill..1st wk July
15,315
15,070
Chic. Mil. & St. P.2d wk July 172,000
137,966
Chic.& NorthwestJune
1,389,300 1,069,142
Chic. St. P. & Min.2d wk July
15,369
14,530
Clev. Mt. V. & D. .1st wk July
7,053
6,447
Dakota Southern. May
18,261
19,039
..
613,239
678,521
721,952
113,063
7,750,729
2,280,739
5,349,271
4,378,000
6,958,140
541,039
191,836
90,003
641,716
813,844
644,491
113,025
7,834,105
2,077,072
5,520,701
4,545,466
7,055,206
454,430
185,526
87,721
were
done at
about
demand.
foreign exchange
July 18.
follows
are as
60
Demand.
4.85%5 4.86
4.85 5)4.85%
4.84 /S>4.84%
Documentary commercial
Paris (francs)
4.83
5.25
Antwerp (francs)
Swiss (francs)
Amsterdam (guilders)
5.25
5.25
40
(reichmarks)
Berlin (reichmarks)
The
following
are
$4
85
5>$4 89
3
4
4
-@15
8)15
8 1
8)
8)
8)
89
78
00
4 73
3 93
75
Span’h Doubloons. 15 50
Mex. Doubloons.. 15 45
65
Fine silver bars
1 13
13%
Fine gold bars....
par.5>%prem.
..
Boston
banks for
Ban—The
a
Feb. 3.
Feb. 10.
Feb. 17.
Feb. 24.
Mar.
3.
Mar. 10.
Mar. 17.
Mar. 24.
Mar. 31.
7.
Apr. 14.
Apr. 21.
Apr. 28.
May 5.
May 12.
May 19.
May *6.
Apr.
Dimes & % dimes.
Silver %s and %s.
Five francs
Mexican dollars..
...
English silver
....
—
99
8>
—
—
99*4®
—
—
—
—
New silver dollars
—
are
8)
®
—
—
89*»
4 75
Prus. silv. thalers.
Trade dollars
following
93
89
par.
par.
95
—
8) 4 80
68 8 — 70
98%5> — 99%
99%® — par.
the totals of the Boston
series of weeks past:
Loans.
$
1879.
40%
94%
94%
94%
94%
5)
quotations in gold for various coins:
3 84
X X Reichmarks.
X Guilders
5)4.83%
5/5.20
5/5.20
5/5.20
94%5)
94%@
94%5>
94%S>
Frankfort (reichmarks)
Bremen
4.87%®4 88
4.86%5>4. 87
4.86%®4. ,87
4.86%5>4. 87
5.20 '8)5. 17*2
5.20 8)5. 17*2
5.20 8)5. 17*3
40388) 40*3
95 8) 95**
95 8> 95*4
95 8) 95*4
95 8) 95*4
-
Hamburg (reichmarks)
:
days.
Prime bankers’ sterling bills on London.
Good bankers’ and prime commercial...
Good commercial
87
Total.
50,262 155,130 201,8401 59,431 27,812 29,040 125,060
Whole stock. 410,500 154,042 149,888 524,000 187,382 771,077 494,665
Atch.Top. & S. F.lstwk July $84,500
The quotations for
723s
75
estimated.
actual business the transactions
for 60-days and 4*87i@4'87£ for
21%
58%
are
65,530
2,573,590
121,833
676,026
793,936
15,797
703,967
600,905
60,544 2,056,581 1,496,518
48,770 1,352,966 1,341,451
90,341
845,399
935,934
124,837
732,839
730,140
1,172,961 6,442,099 5,872,678
22,371
129.493
152,391
3,411
2,503,442 13,023,249 12,071,738
238,024 1,142.540 1,042,628
1,286,014 5,351,653 4,171,766
7,339
252,084
232,614
68,983 2,002,404 1,938,200
46,433 1,546,861 1,556,529
88,363
527,488
530.704
58,131
247,581
238,379
27,576
145,035
117.705
33,215
131,149
149,759
81,769
212,537
320,359
21,357
610.494
653,470
65,167 2,024,819 2,252,557
Exchange.—The foreign exchange market is weak, as the
large sale of bonds for London account was an event which,
could not be without its influence.
The leading drawers of ster¬
ling bills reduced their nominal asking rates to-day, and on.
Napoleons
7,325
2,760
The total number of shares of stock outstanding
last line for the purpose of comparison.
May figures in 1879
Sovereigns
4.210
6,550
*
lstwk July
16%
41%
10
were as
4,542
Wabash
10
12%
90,408
..
38
4
94,389
60,645
*N.Y.L. Erie & W.May
1,358,000
Pad.&Elizabetht.Juue
21,181
Pad. & Memphis., lstwk July
3,303
Pennsylvania
.May
2,708,695
Phila. &Erie
May
264,409
Phila. & Reading.Mav
1,332,547
St.L. A.&T.H.(brs)lstwk July
7,020
St.L. Iron Mt.&S.lstwk July
71,920
St. L. K. C. & No ..lstwk July
37,761
St.L. & Southeast. June
84,554
St. Paul &S. City.May
55,414
Scioto Valley
June
28,258
Sioux City & St.P.May
30,170
Southern Minn...May
50,140
Tol.Peoria&War.2d wk July
16,977
22%
55%
June 11
2,425
139,524
7%
21%
13
27
39% May 21
116
North¬ Del. L.
Mich.
west. & West. Central.
16,200
19,225
31,020
26,450
25,825
36,410
15
16
Mch. 24
4
Jan.
Jan. 13
Jan.
2
4 112% May 21
Jan.
Jan.
2 30% May 23
2
Jan.
19
July 8
2 49% July
Jan.
8
8
Jan.
1138 Apr. 21
Jan. 21 13% Apr. 21
Jan. 23 28% Apr. 19
Jan. 16
4% Mch. 17
Jan. 31 81
Feb. 19
Mch. 13
Nashv.Ch.&St.L.May
Low. High.
6738 89
121% June 14 103% 115
16% May 10
6% 11%
18% June 6 12% 23%
152
131
July 18 112
indeadlng stocks
St.
Paul.
Jan.
116,086
19,848
1878.
Highest.
3 63% Mch.
2 5434 June
3 88
Jan.
7 122% Feb.
4 58% July
4 93% July
3
71% July
3 98% June
8 141
May
2 55
May
2 9934 July
4
9
Apr.
2
5138 June
2
60% June
4 29% May
2
54
May
4 2334 May
10 45% May
26 90
July
21
60
Apr.
6 76% June
2
90*4 Jan.
4 18% May
3 93
June
.......
do
(Iowa)..June
Int. & Gt. North..1st wk July
Kansas Pacific....1st wk July
Mo. Kans. & Tex..2d wk July
Mobile & Ohio
June
Range for
Prices since Jan. 1, 1879.
Chicago & Northw... 201,840
«
was
✓—Latest earnings reported.—, ✓- ■Jan. 1 to latest date.Week or Mo.
1879.
1878
1879.
1878.
Denv. & Rio G... 1st wk July ^$25,044
$23,308
$
$
Dubuque&S.City. lstwk July
14,231
13,184
406',769
501,987
Gal. Houst. & H.. June
27,693
22,011
216,928
169,925
Grand Trunk. Wk.erid. July 5 152,910
143,574 "4,310,038 4,493,751
Gr’t Western. Wk.end.Julyll
.77,925
79,443 2,191,506 2,407,361
Hannibal &St.Jo. 1st wk July
20,089
30,086
871,638
862,164
Houst. & Tex. G\.May
165,551 ' 138,863 1,038,876
901,553
Ellin ois Cen. (Ill.).. Jun e
438,636 4.30,873 2,508,862
22
*4% ::::
4%
4%
76% 76% 76% 76%
35% 36% 35% 36%
89% 90% 89% 90
Week.
Chic. Burl.& Quincy.
Chic. Mil. & St. P....
do
do pref.
4‘
4%
76%
35% 36
the prices bid and asked; no sale
Canada Southern....
Central of N. J
“
8*
K8 38
Shares.
"
*116^ 17§
116"
8*
•
“
56
5294
85%
116% 116% 116%
Sales of
*
56
52
July 18.
52% 53%
85% 85%
116% 116%
52% 53% 53% 53% 53% 54^
55% 55% 56%
93
93
92% 93
935
93% 93% 93% 93% 93%
66% 66% 67% 67% 69
69% 69% 71
69% 71%
97% 97
97% 97% 97% 97
97%
97% 98
138
38% 138
138% 189 139 139%
139
139
52
51
52
51
52
51% *
51% 52
51% 51%
99
99
98% 98% 99% 99
99% 99
99% 99% 99% 99%
6%
6% *6%
6i
6%
6% *6%
6!
6%
6%
6%
6%
47
47%
47
46!
47
48
46% 47%
48% 48% 48%
57% 57%
57% 57% 57% 57% 58
58% 59% 58% 59%
27% 27%
27% 27'^ 27
27%
27% 27% 27% 27%
52
51
51
51% 52
51% 52% 52% 52%
19
18
19
19%
18%
20% 21% 19% 20%
39% 39%
39% 87
42
44
38% 37%
41% 43
88
88% 88% 88% 88
89
88% 88« 89
87% 88%
59% 59% 59
59% 57% 58
58
58
74% 75%
74% 75
75% 76
76% 76% 76% 76%
78
76% 77% 77% 78% 77% 78
78%
79U 79% 80%
15
15
15% 15% 15% 15
14% 14%
15% 15%
90% 90% 90
90% 90% 90% 90
91
90% 90%
91%
118% 118% 18% 118% 118% 118% 118% 118% 118% 119
118
118
14% 15
14% 14% 14% 15% 15% 15% 15% 15% 15% 16%
14% 14% 14% 14% 14% 14J4 14% 14% 14% 15% 14% 15%
*150
*150 152
*150
150% 150% 152 152
110
110
109% 110
109% 109% *109% 09% 109% 110 110 110
25% 26%
26% 26% 26% 26%j 26% 27
25% 26%
17% 17%
16% 17% 17
17% I 17% 17% 17% 19
47% 48
47% 47% 46% 47% 47
47% i 47% 47% 47% 49%
8%
8%
io% ii% 10% 10%
10% 10%
85
Total sales this week, and the range
since Jan. 1, 1879, were as follows:
’
Friday,
July 17
56
52
50% 51%
85
85
....
Pitts.F.W.& C.
St.L &I.M.assn
St.L.K.C.&N.
*
July 15.
_
Han. & St. Jo,.
do
do
Tuesday, Wednes., Thursd’y,
July 14.
Cent, of N. J.. 519$ 52H 51%
85
85
Chic. & Alton. 85
Chic. Bur. & O. *115% 16% 116%
follows:
as
61
139.979.500
139,s91,100
144,980,(XX)
143.799.200
144.969.200
141,623,100
141.308.300
140.442.800
140,033,100
139,001,100
138.300.400
137.469.400
134,192/00
133,22^,500
132.953.200
130; 296,000
130.331.800
129.489,000
129.973,50)
130.510.500
130,963.600
130.583.300
134.824.800
129,931,700
Specie. L. Tenders. Deposits. Circulation. Agg. Clear.
S
3.927.500
3/816,200
3,708,300
3.545.700
3.625.700
3.664.500
3,649,900
3.620.800
3,644.000
3.646.200
3.684.700
3.655.800
3.627.700
3.600.100
3.593.200
3.556.100
5,127,900
4,720,200
4,4f 6,500
4.273.300
4.324.300
4,650,500
4.750.300
4,713,600
4,594,000
4,294,700
3,805,800
3.483.700
3.827.800
3,863,000
4,194,300
s
t
64.796.300
64.190.100
69.770.300
68,215,900
70,326,700
67,028,300
65.677.100
64,050,100
63.435.100
- 64,221,500
63,371,000
62,998,000
60,252,400
60,023,900
*42,865,800
*44,103,900
*44,101,200
*43,895,000
*44,391,200
25.486.600
25.566.800
25.545.800
25.481.100
25,399,700
25.613.100
25,562,000
25,445,500
25.438.200
25,827,890
26.014,200
26,215,000
26.230.200
26.299.600
26.228.800
41,620,628
47,534,405
47,(30,361
45,334,530
46,349,291
48,733,621
45,739,465
46,907.560
39,857.020
44,676,942
47,207,39*
51,936,677
47,978340
50.505.511
50,552/17
3.589.200
2-6,218,400
48,456,247
3.155.800
46,516.810
3.577.700
26.369.200
June 2.
3.563.400
3.886.700
26,437.800
44,633,227
June 9.
3.948.500
4.168.200
26,569,000
51,329,031
June 16.
3.559.400
4.165.500 *43,997,000 26.701.100
49,413,570
June-23.
3.557.700
4,118,400 *43,606.400 26.675.100
45,176,055
June 30.
3.547.400
47.775,068
4.433.500 *44,795,300 26.578.300
3,5^5,2u0
51,738,637
4,717,100 *45,332,100 26,640,000
July 7.
3.620.400
47,866,112
5,433,900 •45.858,600 26.915.300
July 14.
Other than Government and banks, less Clearing-House checks.
*
Philadelphia Banks.—The totals of the
are as
Loans.
1879.
Feb. 3.
Feb. 10.
Feb. 17.
Feb. 24.
Mar. 3.
Mar. 10.
Mar. 17.
Mar. 24.
Mar. 31.
Apr.
Apr.
Apr.
Apr.
May
May
May
May
7.
14.
21.
23.
5.
12.
19.
26.
June 2.
June 9.
June 16.
Jane 23.
June30.
July
7.
July 14.
Philadelphia banks
follows:
57,138,02)
56,743,6S4
56,992,785
57,012,193
57,600,832
Lawful Money.
S
15,950,850
16,549,118
15,914,566
15,754,299
15,947,786
Deposits. Circulation. Agg. Clear,
$
45,686,154
45,273,026
44,946,027
44,576,403
45,378,745
46,028,633
46,336,572
45,763,408
45,256.362
45,111,747
46,552.535
47,238,852
47,044,599
47,626,368
47,786,056
49,143,430
49,6:33,284
49,941,608
58,268,234
15,939,655
58,486,555
58,506,715
59,006.342
59,994,059
60.554.971
60,548.117
61,810,186
15.859.150
15,360,266
14,890,993
13,701,132
14,022,748
14,516,885
14.369,637
14,948,989
15,353,558
16,138,678
15,919,569
15,933,439
15,790,707
15,883,014
15,311,615
61,740,307
15,790.131
62,221,496
16.205.151
50,309,722
51 378,936
62,171,993
16,533,493
51,811,642
60,122,582
60.174.972
59,914,320
60,160,886
60,915,891
61 429,856
61.911,078
62,036,882
50,363,092
50.721,250
49.713.483
11,310,790
11.309.856
11,306,127
11,338,4:34
11,321,223
11,347,059
11,355,472
11,361,550
11,422,038
11,520,122
11,509,940
11,516,236
11,508,643
11,498,821
11,492,197
30,748/8*
33,163,57*
30,293,66627,812,89*
31,157,MS
36,871,561
29,556,598
31,233,063
29.945.441
38,653,745
30,561,240
38.407.056
34.295.148
37.642385
40.016,138
11,476,011
38.955.67*
11.465.857
39.353,76*
11,449,130
11,431,493
11,424.901
11.397.218
11,383,103
11,398,306
11,406.680
31,805,486
46,780,676
38,804,535
37.579.233
84,442,141
37,789,006
84,090,465
Q'Z
THE
CHRONICLE.
New York City
Banks.—The following statement shows the
condition of the Associated Banks of New York
City for the week
ending at the commencement of business on July
12, 1879 :
BOSTON,
Capital.
New York;
Manhattan Co...
Merchants
Mechanics*
Union
America
Phoenix...>
City
Tradesmen’s
Fulton
...:
Chemical..,
Merch’nts’ Exch.
Gallatin Nation’l
Butchers’&Drov.
Mechanics* & Tr.
Greenwich
Leather Man’f’rs
Seventh Ward...
10.536,000
2,050,000
2,000,000
2.000,000
1,200,000
3,000,000
1,000,000
1,000,000
1,000.000
600,000
300,000
1,000,000
1,000,000
300,000
300,000
200,000
600,000
5.951.100
6.552.100
6.711.300
800,000
5,000,000
5,000,000
1,000,000
1,000,000
Commerce
Broadway
Mercantile
Pacific
422,700
Republic
Chatham
1,500,000
450,000
People’s
North
412,500
700,000
1,000,000
500,000
America..
Hanover
•
2,000,000
300.000
State of N. York.
American Exch..
t
Irving
Metropolitan....
3,000,000
Nassau
1,000,000
Citizens’
Continental
Oriental...
Marine
Importers’ & Tr..
Park
•;
Mech. Bkg. Ass’n
Grocers’
North River
East River
Manuf’rs& Mer..
Fourth National.
Central Nat
Second Nation’l.
Ninth National..
First National..
Third National..
N. Y. Nat. Exch..
Bowery National
300,000
750,000
250,000
200,000
750.000
6,818,501;
1.187.600
1.216.200
1.189.800
2.130.700
300,000
2.954.400
;
1878.
Nov.-16...
5’
\.
lr
1’,
i
i\
r
ri
V
i,
i
fj»
TV
M
i.
J-
:
•
i
»
j.
J*
1
r
!
:
-
Dec. 23.-..
1879.
Jan. 4...
Jan. 11...
Jan. 18...
Jan. 25...
Feb. 1...
Feb. 8...
Feb. 15...
Feb. 21...
Mar. 1...
Mar. 8...
Mar. 15...
Tdar. 22...
Mar. 29...
Apr. 5...
73.80(i
5,600
32,800
34,000
1,013,600
1,067,600
552,000
829,000
193.100
301.200
1,106,100
783.200
291.600
80,500
204,000
155.100
412.400
145.200
519.900
1,747,000
3.478.500
748,000
619.200
469.100
465.200
583.300
292.100
217.000
807.500
540,700
2,587,000
475.900
277.100
540.500
341,(500
465.000
452,000
997.400
183,000
420,000
3.782,900
5.759.400
86,000
897.500
375.300
5,400
270,000
216.200
2,182,000
243,000
3,900
354.500
450,000
445,000
2,529.000
905,000
3.920.500
8.816.200
returns of previous week
the totals
are
Loans.
$
Specie.
$
25,405,400
23,414,400
22,967.400
20,169,700
20,882,900
20,911.500
235,824,400 20,514,100
234,250,000
for
a
1,042,400
1,473,000
269,000
268,300
225,000
270,066
39.938.200
40.588.200
41.275.700
39,961,000
40.478.500
39,600,000
40,767,000
234,410,200
33,000
299.752.100
207.184.800
206.797.200
207,058,600
206.134.400
203.625.600
203.209.700
233,241,400
242,230,200
244,186,500
244,007,000
246,716,900
247,674,200
240,(324,500
243,839,800
240,453,500
235,836,600
Apr. 12.., 230,442,900
Apr. 19... 231.151,300
Apr. 20... 231,006,900
May 3.
239,(357,800 18,516,200 49.440.500
May 10... 242.941.600 18,745,600 53.576.700 214.381.700
2*24,937,200
May 17... 253.823,500 18,763,900 49.150.900 2:80,421,700
May 24... 257,036.500 18,802,400 43.284.900
May 31... 257,272,800 18,785,400 41.791.400 227.345.600
225,754,000
June 7... 258,(332,700 18,996,700
42.822.800
June 14... 250,291.000 18.780.900 44.851.900 226.963.300
227.316.700
June 21... 255,901,600 19,296.900
43.859.400 226.177.000
June 28... 253,575,500 19,666,400
46.902.600 226.113.600
July *5... 257.082,500 19,889,600 49.544.600 216.007.300
July 12... 262,951,900 19,971,500 51.301.900
241.328.800
.
BOSTON.
h
r,
do
.
Municipals....
Portland 6s;
Topeka 1st m.7s
t
land gramt7s
112%;113%
do
2d 7s
113* l)3*i
do
land Inc as!! 103
‘109
Boston « Albany 7s
121
.do *
6s
IIP*
Boston & Lowell 7s
115 H
Boston & Lb well fis
Boston & .Maine 7s
i£o
Boston & Providence 7»
Ido
•
78
j Vermont
•
•
■
.
iid
80
#
..
1V51i
*
r
STOCKS.
'Atchi-on & Topeka
108 X
Boston•& Albany
135
Boston & Lowel*
08
'Boston & Maine.
'Boston & Providence
115*
Burlington & Mo. In Neb
117*
Cheshire preferred
23
Chic. Clinton Dub. & Min
Burl..& Mo.-, land erant 7s....
Cin. Sandusky & Clev...
do
7,
: Neb. 6s
1U0« 100% Concord
do
! Neb. 8s, 1SS8
(Connecticut
River
Corn*. & Passumpslc,
7s, 1897.
iConn. & Paesumpsic
Eastern.Mass.,a^s,new.
78
78* Eastern (Mass.)
15U
FItckbcrgBR.,68
Eastern (New Hampshire)... 70
J do
:
..
t
:o<* 104%
»t.Canada, new 8s..
11411414 i Vermont * Mass. RR.,6s...
Atch. &
£,
t
108%
135*
114*
110
118
SO
41
T
do
do
do
7s
do
do
7s. Inc
....
....
114
1103
Fltchburg.j.,.
...x
Kan. City Tcp. Sc Western...
Manchester & Lawrence;...-
115
....
10s,’88
..
5s,perp.
113
115*
112
80
.
45
104* 105*
Lehigh Valley, lst,63,cp.. 189b
do
do reg., 1893... 114*
do 21 m.7s, reg., 1910.. 122*
do
con. m., 6s,rg.,1923
100*
do
do
6s/ p.,19.3 1(0*
Little Schuylkill, 1st m. 7s.’82
North. Penn. 1st in. 6s, ep.,*85. ioV%
do
2d m. 7s, cp., ’96. 114*
do gen. m. 7s, cp., 1903. 113*
do gen. m.7s,reg., i90‘f 113*
Oil Creek 1st m. 7s, coup.,’8*.
82
pittsb. Til usv. & B., 7s, cp.,’96 30
do
scrip...
Pa.&N.Y.C.& RR.7s,1896
Pennsylv., 1st m., 6s, cp., ’80
102*4
do
gen. m. 6s, cp., 1910. 114
do
gen. m. 6s, rg., 1910. 110
do
cons.m. 6J, rg., 1905. 109
do
cons. m. 6s. cp., 1905. 1002.'
do
Navy Yard 6s, rg.’blj
Pe n.« o ,6s. reg
!....
Perkiomen 1st m.63,coup.,’97‘
Phila. & Erie 1st m.6s, cp.,‘81. 105*
2d m. 78,cp..’SS. 108%
do
Phila. & Read. 1st m. 6s, ’43-’44 103
...
.
45
15%
75
140
8
cony., ’82...
78 1900
do
3d m. cons. 7s,’95*
Ithaca* Athens 1st g d, 78.,’Sj
Junction 1st mort. 6s ’82.
do
2d mort. 6s, 1900
L. Sup. & Miss., 1st m.,,73 g.§
•
115*
1U4*
5*
Hariisburg 1st mor*. 6s, ’81..
H. & B. T. 1st m. 7s, gold, ’90. 114*
do
2d m. 7s, gold,’95
1
•
*
85
50
88
118
105
114
100
103
108
102* 103
102
103*
1st
6s, rg.,’86 75
85
Delaware Division 6s, cp.,’78.
Lehigh Naviga.m.,6s, reg.,’84 109
iio
do
mort. RR., rg.,’97 110
no*
do m. conv. g., reg.,’94 104
do mort.-gold,’97....
102* ios
do cons. in.7s, rg.,1911 94
95
Morris, boat loan, reg., 1885..
Pennsylvania 6s, coup., ’.910..
'75*
Schuylk. Nav.lst m.6s,rg.,’97.
103
do
2d m. 6s, reg., 1907
75
do 6s, boat&car,rg.,1913
do 7s, boat&car,rg.,l9.5
74
'77*
Susquehanna 6s, coup.. .9.8 .*
Parkersb’g Br. .50
50
17*
50
50
30*
BONDS.
1st m., 1890, J. & J..
2d m.,guarM J.& J.... 112
2d m., pref
2d m.,gr. by W.Co.J&J
6s. 3a in., guar., J.&J
Mar. & Cin. 7s, ’92, F. & A...,
do
2d, M. & N
do
8s, 3d, J.&J
Union RR. 1st, guar., J. & J..
__
916
112
Connecting 6s, 1900-1904......
Chartlers Val., 1st m. 7s,C.,1901
Delaware mort., 6s, various..
Del. & Bound Br., 1st,7s. 1905 •15
East Penn, let mort. 7s, ’88
E1.& W’msport, ut in., 7s, *80. ioV
...
Top. & W.f 7s, 1st
24*
.'
pref...
new
101*
do
24*
135
chat, m.,
105
Pittsb.* Conneirsv.7s,’98,J & J
ios% 109
Northern Central 6s, ’85, J&J 100
109
do
6s, 1900. A.&O. 109
do 6s, gld, 1900, J.&J. 1(3
Cen. Ohio 6s, 1st m.,’90.M.& S.
107* 108
W. Md. 6s, 1st m., gr.,’90,J.&J.
to
Catawlssa 1st,7s,
....
Han ..City
104
100
78
100
85
Balt. & Ohio 6s, 1880, J.&J... 101
do
6s, 1885, A.&O.
103% 109
N. W. Va. 3d m.,guar.,’85,J&J
.
-
„
Chesap. & Dela.
110
110
10b*
84*
CANAL BONDS.
BAILBOAD
...
439,7'-0,395
117
i04
PittBburg & Connellsvtlle..50
do
3dm. 6s,’87.. 104
Camden & Amboy 6s,coup,’83 104* 107
do
6s, coup., ’89 100*!..
mort. 6s, ’89
do
112* 113
Cam. & Atl. 1st m. 7s, g., 1903 115*
do
2dm., 7s, cur., 1879 103
103*
Cam. & Burlington Co. 6s.’97. 108
546,798,025
591,290,770
598,236,201
529,996,936
109%
7s, cou.,19GG 1C9*
Texas & Pac. 1st m ,6s, g.,1905
do
cons. m.,6s,g.,1903
do
lnc.&l. gr.,7s 1915
Union* Titusv. 1st m. 7s, *90.
United N. J. cons. m. 6s,’94..
Warren & F. 1st m. 7s, ’96
West Chester cons. 7s, ’91
West Jersey 6s, deb., coup.,’83
do
1st m. 6s, cp.,’96.
do
1st m. 7s,’99......
Western Penn. RR. 6s,cp.’.899
do
6s P. B.,’96.
do
RAILROAD BOND8.
503.108,630
....
L.
Shamokin V.& Pottsv. 7s, 1901
Steubenv. & Ind. 1st, 6s, 1884.
Stony Creek 1st m. 7s 1907
Sunb. Haz. & W.,tst m..5s,’23
do
Camon endorsed. 108
Allegheny Vai.,7 3-10sf 1395... 114
114*
do
is, E. ext., 1910 99* 100*
MISCELLANEOUS.
do
Inc. 7s, end.. ’91. 35
Baltimore Gas certificates...
38
Belvldere Dela. 1st m., 6s,1902.
People’B Gas
13*
do
2dm. 68. ’85.. 108*
ios*
461.180.657
.
Pitts.Cin.&St.
Northern Central
Western Maryland
Central Ohio
45
Susquehanna
472,828,088
450,084,041
456,961,901
20,(871,300 4(82,7(85,690
20.542.900 4(82.526,40S
20.509.900 391,835,789
do
Os
.Omaha & S. Western, 83
;PueDlo
& Ark. Valley, »s
1 Rutland 8s,1st mort
55
104J4
1416
44*
do
423,259,559
487,843,450
.
Vermont 6st
Massachusetts 5s, gold..
Bostpn 6s, Currency
do
58, gold
Chicago sewerage 7s..
52%
399.872.657
•Ka
mort., 7s, 1892-3
Phila. Wilm. & Balt. 6s, ’84....
6s,exempt,’9S.M.&S 118
120
do
1900, J.&J........ 110
do
' 1902, J.&J
HO*
Norfolk water, 8s
118
119
BAILBOAD STOCKS.
Par.
Balt. & Ohio
100
114*
115*
d.o
Wash. Branch. 100
46
Pennsylvania
Schuylkill Navigation
501,321,270
400,417,429
413,892,7(88
Hartford & Erie 7s. new
?4* 34*
j. <’ity. St. Jo.&C. 6.
(s.
98
9*%
[New York & New Eng. 7s
104* 105
()<den8burg & Lake Uh.Ss...
lOid Colony, 7s..
Maine 6s...;
New Hampshire 6s
Jiinehlll
Morns
do
pref
516,297,775
QUOTATION'S IN BOOTH.*. PHILADELPHIA AND OTHER
CITIES.
SECURITIES.
■4
Bid. Ask.
SECURITIES.
Bid. Ask.
deb. 7s.92
deb. 7s. cps.off
do
41*;
Lehigh Navigation
411,598,790
424,413,225
486,222,549
507,331,749
011,074,082
493,410,515
452,720,433
434,908,904
19.633.100
19.688,000
19.685.400
19,856,(500
19.869.400
19.977.800
20,056,800
20.156.200
3
7
CANAL STOCKS.
19.848.800
19,707. (‘4)0
35
Delaware Division.
19.909.400 460,572,737
19.961.900 404,037,742
20,007,000 368,233,659
20,058,200 430,695,221
20.141.600 380,741,510
20,077.000 421,244,872
19,576,700 325,090,134
19,785,000
19.767.600
19.617.600
19.486.600
19.427.100
19.398.800
19.335.900
19.232.400
19,2(86,000
19.385.200
19.290.900
19.512.100
19,635,500
19.696.100
19.721.200
24
30*
45%
Chesapeake* Delaware..,
Deposits. Circulation. Agg. Clear¬
20,936,200 41.832.600 206,173,000
18,962,400 45,055,400 206.482.200
17,(344,600 49.965.800 211.590.600
17,431,700 53.599.600 214.981.200
18,631,(300 54,048,800 219.219.200
17,849,300 51.135.400 219.387.300
18,059,500 48.334.800 217.271.200
17,931,300 45,377,000 216.382.600
16,456,500 42.651.800 213.429.700
16,945,200 40.593.800 213.293.100
17,312,400 39.173.400 210.563.300
18,803,700 36.972.600 206.591.400
18,446,800 34.268.900 198.945.600
18,(365,000 31.815.800 193.121.700
18.903,900 36.145.400 195.303.700
18,875,000 40,672,100 200,255,000
18.228,100 45.224.500 204.514.200
230,632,000
233,163,400
:
*5,32l,5C0
39
do
do
6s, exempt, 1887
113
110
do
6?, 1890, quarterly.. 108
110
do
5s, quarterly
Baltimore 6s, 1 SSI, quart
108
do
6s, (886, J.6c J..
do
6s, 1890, quarterly... 11534 110
do
6s, park, 1890,Q—M.
do
6s, 1893, M.&S
ii5
Pennsylvania
4014
9
Philadelphia & Erie
19
Pnlladelphia & Reading
Philadelphia* Trenton
144*
PhUa.Wilming. & Baltimore. 63
Pittsburg Titusv. * Buff...
5%
bt. Paul & Duluth R.Ii. Com
do
do
pref. 41*
United N. J. Companies...
144*
West Chester cousol. pref
West Jersey
180,090
7s, coup, off, ’93
Phll.&R.Coal&lron
BALTIMORE.
Lehigh Valley
Little Schuylkill
Norristown
Northern Pacific
do
pref
North Pennsylvania
45,000
796,800
102
do
Maryland 6s, defense, J.& J.. 10b*
do
pref.
Nesquehoning Valley
568,100
series of weeks past:
; ly Tenders.
*
do
do
P1U1.& R. con8.m.6sfg.l.l9li..
do conv. 7s, 1893*
44
Huntingdon* Broad Top...
142,900
Tno..
Dec.
STOCKS.+
„
1,097,500
532,000
306,400
follows
are as
in*
io7*
do
pref.....
do
new pref
Delaware & Bound Brook....
East Pennsylvania
Elmira & Williamsport.......
do
do
pref..
Har. P. Mt. Joy & Lancaster.
352.'ob6
1,009,700
1.237.100
1.952.700
2,117,200
5s, new, reg., 1892-1902 111
6s, 10-15, reg., 1<77- 82. 09*4
6s, 15-25, reg., 1882-’92. 100
RAILROAD
4.700
7,034,900
722.500
104
6s, In. Plane, reg.,1879
Bid. Ask.
Sunbury & Erie lstm.7s, ’97..
Syra.Gen.& Corn’g,lst,76,l9U5
5s, g’d, int.,reg. or cp.
5s, cur., reg
Camden * Atlantic—
do
do
pref
Catawlssa
780.300
7.657,000
472.000
32*
5s ree.-do
6s, old, reg......
do 6s, n., rg., prior to’9.^ 118
120
do 6s, n., rg.,1895& over 120 % 120%
Allegheny County 53, coup...
Allegheny City 7s, reg..
70
Pittsburg 4s,coup., 1913.....
do
5s, reg. & cp., 1913. 90
91
do
6s,gold,reg ... ...
do
7s, w’t’r ln,rg. &cm
lie
00 7s, str.lmp., reg.,’33-S6. 100
107
N. Jersey 6s, reg. and coup...
do
exempt, rg. & coup.
Camden County 6s, cohp
Camden City 6s, coupon
do
7s, reg. & coup
Delawure 6s, coupon.........
Harrisburg City 6s, coupon..
45.000
17,734,100
118
Philadelphia,
272,000
1,564,200
895,900
179.500
1.492.400
3,196,000
2,489,800
3,405,50(i
1.295.200
2,148,000
1,749,000
101,200
248,800
198,000
2.700
435.500
35,000
1.245.900
447,000
170,000
336.400
1.397.700
925,000
54,000
40,000
9,700
130.500
286.600
500.300
Penna.
do
do
do
do
do
522,600
2.216.300
3,011,500
f5*
116
STATE AND CITY BONDS.
539.000
1.784.500
5.578.400
2,376,000
10,639,000
2,028,200
1.834.100
1.856.900
8*
PHILADELPHIA.
778,800
3.608.800
2.160.800
15,504,500
341.000
1,100
2,073,800
741,900
1.795.200
10.916,000
10,366,000
4.270.900
3.585.600
124.000
Vermont & Massachusetts..
Worcester* Nashua
255,000
3.316.100
1.783.100
1,002,900
930,000
773,600
1,119,200
312,000
400
74,600
44,500
127,400
10,840.400
129.400
141,IKK)
90,700
73,900
1,003.800
1,050,800
Ggdensb. & L. Champlain
10%
do
pref..
57%
Old Colony
104*4 105*
Portland Saco & Portsmouth 100
100*
Pulltra - Palace Car
80*4 90
Pueblo & Ark <nsas
58*
14
Rutland, preferred
*
493,700
Etc.— Continued.
SECURITIES.
IP
...
7,050.500
2,596,000
6.696.300
1.988.400
1.141.700
17.790,000
468,000
578,000
792,000
671,100
414,200
50.300
6,800
35.300
88.300
1,000
tion.
9.692.800
4.592.400
6,399,000
5.833.200
3.212.500
Inc.. *5,869,4001 Net deposits
Inc..
81.900 * Circulation
Inc..
1,757,3001
237,645,500
Nov. 23... 234,917,700
Nov. 30... 240,433,400
Dec.- 7... 239,815,500
Dec. 14... 233,017,200
Dec. 21... 235,974,100
i-
1
The following
•
21,400
24,700
804,000
Circula¬
$
941,000
Bid. Ask.
Nashua & Lowell
95
New York * New England...
31
Northern of New Hampshire 85
Norwich & Worcester
118
60,800,200 262,951,900 19,971.500 51,301,900 241,328.800
20,509,000
Legal tenders.....
-
3.957.900
9,303, lOo
500,000
1,000,000
300,000
Loads and discounts
Sbecle
;
f
2.409,000
1.614.500
108.100
28.200
839,900
2,000,000
295.400
554.800
542,000
127.500
536,000
583,000
715,500
3S0,700
15,687,400
8.076,000
558.300
1,408,300
1.247.600
1,547,600
370,20(i
369.300
68.900
126,600
104.100
54.900
81,000
12.213.800
570,200
240,000
250,000
100,000
3,200,000
1.207.400
6,900
1,184,000
13.798.800
5,822,9003.701.900
2.250.500
4,266,000
3.136.500
1.214.600
1.923.600
5.688.300
2,349,000
225.000
170.700
805.800
208,600
157,000
188.700
30,000
18.900
200.500
62.000
1,938,000
2.242,000
1.979.700
3.255,000
3.834.900
3.617.700
1.444.800
500,000
2.195.500
186,000
1.566.700
13,660,000
2.292.900
$
537,000
294,000
1.542.200
10.995.200
3.743.700
3.455.700
1,238,000
1,112.000
824,300
2.674.800
817,100
2.235.400
16.106.200
Net dep’ts
Legal
other
Tenders. than
U. S.
1,089,100
305.800
3.323.300
400,000
The deviations from
i.
2,596,000
6.766.300
1,500,000
2,000,000
N. York County..
Germ’n Americ’n
Chase National..
Total...
3.820.400
8.821,600
500,000
500,000
500,000
1,000,000
1,000,000
300,000
St. Nicholas
Shoe & Leather..
Corn Exchange..
Specie.
12,711,000
1.762.400
600,000
Market
.
Loans and
discounts.
PHILADELPHIA,
6ECU BITIE 8.
Average amount of
Banks.
[Vol. XXIX.
do
'do
’48-.49,
do
2d m., 7s, op , £(
do
deben., cp./Sb'
do
do
cps. ot..
do
scrip, lSb2.
do
In. m.<8, cp,18C6
do coos. m. 7s, Cp.,191!..
do cons. m. 7s, rg.,l9’.l..
In detail
f Per share.
5 (’on. to .'an-. ’77 funded.
124
107
107
i(9
CINCINNATI.
Cincinnati 6s
t 100
do
7s
t 107
do
7*308
j 115
do
South. RR. 7*30s.t 113*
do
do
6s, gold t 103*
Hamilton CoM O., 6s. long...t 100
ao
7s, 1 to 5 yrs..f 100
do
7 & 7*30s, long.t 107
Cin.& Cov. Bridge st’k, pref 105
Cln. Ham. & D. 1st m. 7s, ’80
100*
2d m. 7s, ’851 100
do
Cin. Ham. & Ind., 7s, guar—
Cln. & Indiana 1st in. 7s
+
do
2d m. 7a, ’i7. +
Colum. & Xenia, 1st m. 7s, ’90
Dayton & Mich. 1st m. 7s, ’81+
do.
2dm. 7s,’84.+
do
3d m. 7s, ’88+
Dayton & West. 1st m., ’81 —+
do
1st m., 1905.+
do
1st m.fs, 190.>
Ind. Cln. & Laf. 1st m. 7s
do
(I.&C.) 1st m.7s,’8o+
Little Miami 6s, ’83
+
(Jin. Ham. & Dayton stock...
Columbus & Xenia stock
Dayton & Michigan stock....
8. p.c.
do
Little Miami stock
Louisville 7s.
+
do
+
6s,’82 to ’87
do
6s, ’97 to ’93
+
do
water 6s,’87 to ’89 +
do
water stock 6s,’97.+
110*
fP
13«
108
114
104
W2
110
ibi
70
102*
85
104
101* 102
100
98
iob
t85
75
102
100
32*
112
32
st’k,guar 101*
100*
LOUISVILLE.
35
104
107*
101% 1023
101% 102J
101% 102}*
83
101% 1021
do
wharf 6s
+ 101%
30*
102]
do
spec’l tax6s of ’89.+ 101% 1021
LouDvllle Water 6s, Co. 1907 +
105* 100
Jeff.M.&l.lstm. (I&M) 7b,’8lt
do
2d m.,7s....
103
103*
do
l6tm.,7s, 1906....+ 112* 113
Louisv.C.&Lex. lstm.7s,’97t 110
no*
Louls.& Fr’k.,Loui8V.ln,68,’8! 101
101*
120
114*
114*
Louisv. & Nashville—
Leb. Br. 6s. ’86
+ 102
102*
1st m. Leb. Br. Ex.,7s,’80-b5.+ 103
104
Lou.In.
do
6s,’a3...+101*
102*
Jefferson Mad. & Ind. stock.
1U3* 104
ST. LOUIS.
66, long
+1104
water 6s, gold
+1107
107*
do
do
new.f 107
do
bridge appr., g. 6s + 106*
do
renewal, gold, 6s.+ 100 ^
ao
sewer, g. 6s, ’9:-2-3.t 100*
St. Louis Co.
newpark,g.6s.+ 107 108
i|St. Louis
32*
67*
05
93
do
cur. 7s.
+ And Interest.
+
I
July 19,
THE CHRONICLE
1879.]
QUOTATIONS
IT. S. Bonds and active Railroad Stocks
are
OF STOCKS AND
quoted on a previous page.
STATE
SECURITIES.
Bid.
Ask.
46
46
40
40
48
Alabama—5s, 1883........
5s, 1886
8s, 1880
8s, 1888
8s, Monte. & Eufaula RR.
8s, Ala. & Chatt. RR...
8s Of
8s of
Class
Class
48
48
Kentucky—6s
A, 2 to 5
B, 5s
47 %
m
Arkansas—6s, funded
7s, L. Rock & Ft. Scott iss.
7s, Memp. & L. Rock RR
7s, L. R P. B. & N. O. RR.
7s, Miss. O. & R. R. RR...
7s, Arkansas Central RR.
.
Connecticut—6s
Georgia—6s
7s, new
7s, endorsed
7s, gold
74
54
5
1
1
1
1
1
105
50 *
*4
new
new
floating debt
penitentiary
levee
do
do of 1875
110
111
100
do
do
do
do
88
38
39
7%
Chicago & Alton, pref
if*
H4%
34%
Chicago
St. Paul & Minn
Dubuque & Sioux City
54%
42
45
18%
143% 145%
35%
43
34
158'
3%
41
38
42
39
29%
Railroad Bonds.
Chesap.& O.—Pur. m’y fund
6s, gold, series B, int. def.
6s, currency, int. deferred
Chicago & Alton—1st mort.
34
79%
Sinking fund.....
79%
ioo'
44
21
115%
107%
106
107
*106' 1101
99
101
*111%
105'
lli 111%
113% 119%
1st consolidated
assented.
Convertible
do
assented....
Adjustment, 1903
Lehigh & W. B., con., g’d
do
98%
Am. Dock & Impr. bonds,
do
assented
98%
100
iSK
103%
98
73~
assent’d
84
85
90
90
Chic.Mil.& St.P.—lst,8s,P.D 127
2d mort., 7 3-10, P. D...
111
112“
1st m., 7s, $ gold, R. D.
*110% 111
1st m., La C. Div
112
112%
1st m., I. & M
111
1st m., I. & D
*110%
1st m., H. & D
1st m., C. & M
111%
Con. sinking fund
105% 105%
2d mortgage
1st m., 7s, I. & D. Ext
104% 105~
Chic. & Northw.—Sink. f’d.. 111
Interest bonds
*106
Consol, bonds
122
122%
Extension bonds
*108
1st mortgage
112
»
Coupon gold bonds
Registered gold bonds....
Iowa Midland, 1st m., 8s..
Galena & Chicago, exten.
Peninsula, 1st m., conv...
Chic. & Milwaukee, 1st m.
Winona & St. P., 1st m
do
2dm,...
C. C. C. & Ind’s—1st, 7s, s. f.
„
Consol, mortgage
C. St. L. & N. O. Ten. lien 7s
do
do
1st con. 7s
Del. Lack. & West.—2d
7s, convertible
m..
Mortgage 7s. 1907
Svr. Bli vh. & N. Y.f 1st, 7s
Morris & Essex, 1st m
do
2d mort...
*
t
»
113% 113%
113%
lie"
108
lie"
105%
110
11*6"
107
117%
103
100
95
....
106%
113” 114“
.
.
109
130
124%
113% 115%
Prices nominal.
ids’
108
110
105
103’
103
107
Lake Shore—
Mich S. & N. Ind., s. f., 7s.
Cleve. & Tol., sink. fund..
do
new bonds.
Cleve. P’ville & Ash., old.
do
new
104
112%
cons,
coup., 2d.
reg., 2d
113
115
117
76%
do
Bur. Div.
1st pref. inc. for 2d mort.
..
with coup,
85
conv.
ex
coupon.
Tel.—1900, coup.
1900, registered
Spring.Y’y W.Works, 1st 6s.
INCOME BONDS.
109% Central
of N. J., 1908.
Leh. & Wilkes B. Coal, 1888
ioi%
St.L.I.M.&S.,lst 7s,pref .int.
do 2d int.,6s. accum’e
i2i“ Chic. St.L.A N. 0.,2d m.,1907
Miscellaneous List.
(Brokers' Quotations.)
CITIES.
„
ctfs lid'
7s, land gr’t, ’80..
with coup, ctfs
2d mort., ’86
do
with coup, ctfs
Inc. coup. No. 11 on 1910
Inc. coup. No. 16 on 1910
Den. Div. Tr. rec’ts ass.
Pennsylvania RR—
Pitts.Ft.W.& Chic., 1st
m.
do
do
2d m..
do
do
3d m..
Cleve.& Pitts., consol., s.f.
do
4th mort...
Col. Chic. & I. C., 1st con..
do
2d con...
do Tr’t Co.ctfs.lst con
do
do
2d con
Rome Wat. & Og.—Con. 1st.
+ And aoorued interest.
*95'
*66
71
102%
108“ 11*6"
Long Island—1st mortgage.
Montclair & G.L.—1st, 7s, n.
N. J. Midland—1st, 7s, gold.
2d mort
New Jersey South’n—1st, 7s
N. Y. & Osw. Midl’d—1st m.
Receiver’s certif’s, labor.
do
other.
73%
30
Oswego & Rome—7s, guar..
57% Peoria Pekin & J.—1st m...
72% 75
26
73
27
57
m..
Indianapolis & St.L.—1st, 7s
Indianap.& Vine.—lst,7s, gr
International (Tex.)—ist,7s
102% Int. H. & Gt. No.—Conv., 8s
Jack.L.& S.—8s, 1st,“white”
125
*.... 123
30
class C
29
30
30
78
56%| 57*
39
6%
111
97
70
42
39
60
*107
73
43
40
70
110
90
97%
87%
92
94
116%
78
51% 51%
*42’
105
113
+107
90
60
94
47
108
115
108
114
115
114
115
115
55
44
102
103
104
55
85
105
85
109"
Atlanta, Ga.—7s
8s
Water works
Memphis—Bonds, C
Bonds, A and B
Endorsed M. & C. RR
Compromise
Mobile—5s, coupons on
8s, coupons on
6s, funded
Montgomery—New 5s
^...
Nashville—6s, old
6s, new
New Orleans—Prem., 5s....
Consolidated, 63...
Railroad, 6s
Norfolk—6s
Petersburg—6s
8s
Richmond—6s
Savannnah—7s, old
7s, new
Consols, 5
Wiim’ton.N.C—6s, g., cp.on
8s, gold, coup, on
RAILROADS.
Ala.&Chat.—Rec’rs ctfs.var
Atlantic & Gulf—Consol
-Consol., end. by Savan’h..
Cent. Georgia—Cons, m., 7s
Stock
Chari’te Col.& A.—Cons., 7s
^
2d mortgage, 7s
East Tenn. & Georgia—6s
E.Tenn.& Va.—6s,end.Tenn
E. Tenn. Va. &
Stock
Ga.—1st, 7s.
Georgia RR.—7s
6s
Stock
Greenville & Col.—7s, 1st m.
7s, guar...
Macon & Aug.—2d, endors.
Memphis& Cna’ston—1st,7s
2d,7 s
Stock
99
107
97
104
87
65
92
105*
112
113
100
50
2d mort., ex coupons
Miss. & Tenn.—1st m., 8s, A
1st mortgage, 8s, B
Mobile & Ohio—Sterling, 8s
Sterling,
ex
cert., 0s
8s, interest
2d mortgagees
New 1st mortgage
New debentures
N. O. & Jacks.—1st m., 8s.
Certificate, 2d mort., 8s...
Nashville Chat.& St. L.—7s.
1st, 6s, Tenn. & Pac. Br...
1st, 6s, McM.M.W.&Al.Br.
Norfolk & Petersb.—1st, 8s.
1st mortgage, 7s
2d mortgage,8s.
Northeast., S. C.—1st m., 8s.
2d mortgage, 8s
Orange & Alex’a—lsts, 6s..
2ds, 6s.
8ds, 8s
4ths, 8s
.
Rich.& Dan.—1st consol., 6s
Southw. Ga.—Conv., 7s, ’86.
Stock
S. Carolina RR.—1st m.t 7s.
7s, 1902. non-enjoined...
Savan’h & Char.—1st m.f 7s
50
Cha’ston & Sav., 6s, end..
45
West Ala.—1st mort., 8s...
9
2d
mort., 8s, guar
45
.'
13% PAST-DUE COUPONS.
Tennesssee State coujpons.
South Carolina consol.
Virginia coupons
do
consol, coupons...
* No price to-day; these are latest quotations made this week.
102
110
102
106
59%
65
60
60
10
10
15
30
15
15
20
40
SO
80
80
24
31
24
100
100
110
103
01
75
70
70
20
20
25
35
25
25
26
50
50
90
90
26
83
20
110
104
71
71
70
73
73
73
20
60
105
104
30
109
07
95
72
90
40
112
71
97
75
95
95
100
115
118
104
72
106
75
90
50
100
101 ;
79
45“
97
99
75
4%
Memp. & Lit. Rock—1st, 4s.
Mississippi Cent —lstm.,7s
106%
53
53
100
50
95
70
97
.
7s, F. L
116%'110% Columbus,
Ga.—7s, bonds..
97
Macon—Bonds, 7s
68
90
IOC
CITIES.
Augusta, Ga.—7s, bonds
Charleston, S. C.—Stock, 6s.
98
77
102'"
..
r
110% iIS*
88
100
100
102
52
70
102
83
23
+108
105
35
42
5
40
13
45
45
95
*30
7%
87% 88
Union Pac., So. Br.—6s. gld.
84
Southern Securities.
(Broker^ Quotations.)
STATES.
N. Carolina.—New 4s
62
67
So.Carolina—Con., 6s (good)
Rejected (best sort)
Texas—6s, 1892
M.&S. +103'
7s, gold, 1892-1910 J.& J. +111
7s, gold, 1964
J.& J +112
10s, pension, 1894...J.& J. +99
Virginia—New 10-40s
49%|
New3s
Albany, N. Y.—6s, long....
Buffalo—Water, long
Chicago—6s, long dates....
Western Div
Waco
Consol, bonds
Indianan. Bl. & W.—1st
lid'
30%
mortgage, class B
do
50
50
..
do
1st m.,
do
new
new series
Extension
*35
*35
110
*89
Consol,
111
111% 113
111
112%
110% 112%
2
Tol. Can. S.& Det—1st, 7s, g
Union & Logansport—7s
7s, sewerage
+113%
+114
7s, water
7s, river improvement... +113%
+112
103% 104% Cleveland—7s, long
Detroit—Water works, 7s. +113
91H
Elizabeth City—Short
45
89
40
Metropolit’n Elev—1st,1908 103% 104
Long
Mich. Cent.—Cons., 7s, 1902
120
102
109
Hartford—6s, various
+106
1st mort., 8s, 1882, s. f
110% Indianapolis—7‘30s
+90
166'
Long Island City
Equipment bonds
+109
111
Mo.K.&T.—Cons. ass. .1904-6
70% 7i’ Newark City—7s, long
2d mortgage, inc., 1911
116
+114
Water, 7s, long
30% 31
H. & Cent. Mo., 1st., 1890. 107
+101
110
Oswego—7s
102%
N. Y. Central-63, 1883
+112
115
104%
Poughkeepsie—Water..
+113
115
6s, 1887
1073
Rochester—Water, 1903
6s, real estate
Toledo—8s, water, 1894.
101%
+110%
7'30s
+100
105'
6s, subscription
104%
N. Y. C. & Hud., 1st m., cp. 123% 124% Yonkers—Water, 1903
114
+111
do
125
1st m., reg.
RAILROADS.
Huds. R., 7s, 2d m., s.f.,’85 *.'.’“ 110% Atchison & P. Peak—6s, gld 105
112
Canada South., 1st, int. g.
87% 87% Bost. & N. Y. Air-L—1st m. 106
Harlem, 1st m., 7s, coup..
xl05
lio'
125% California Pac.—7s, gold
do 1st m., 7s, reg— *124% 125
x90
0s, 2d mortgage, gold
N, Y. Elevated-lst, 7s, 1906 111% 111% Cent, of la.—1st m., 7s,
70
73'
gold
Ohio & Miss.—Consol, s. f’d
50
112% Chic.&Can. So.—1st m.,g.,7s
57%
112
Consolidated
Chic. & East. Ill.—1st m., 6s
88
89
2d consolidated
2d mortgage, inc., 7s
96% 99
53
58
1st m., Springfield div
Chic. St. P.& M.—6s, g., new 102
103
Pacific Railroads—
Land grant, 6s, gold
86
84
Central Pacific—Gold bds. 109% 1095s Chie.& Southwest.—7s, guar 108
110
San Joaquin Branch.... 100
80
85
101% Cin. Lafuyette & Ch.—1st m
99
Cal. & Oregon, 1st
96
99% Cin.& Spr.-lst, C.C.C.&I.,7s
95
108
State Aid bonds
1st m., g’d L. S. & M. S.,7s
104
Land grant bonds
103%
Col.& Hock. V.—1st,7s,30 yrs +105
106
Western Pacific bonds.. 104% 106
+100
1st, 7s, 10 years
South. Pac. of Cal.—1st m.
100
+93
2d, 7s, 20 years
Union Pacific—1st mort.. 109% 109% Dan. Urb. B1.& P.-lst, 7s, g.
64
05
Land grants, 7s
113% 113% Denver Pac.—1st,7s,Id. gr.j?
63
07%
Erie & Pittsburg—1st m., 7s *100
102
Sinking fund
114%
114
Con. mortgage, 7s
Registered, 8s
100% 102
Pacific RR. of Mo.—1st m.
*.... 108
90
7s, equipment
j 85 107
2d mortgage
107
107% Evansv. & Crawfordsv.—7s. 102
Evansv. Hen. & Nashv.—7s
80
100
Income, 7s
1st m., Carondelet Br..
Evansv. T.H. & Chic.—7s, g
65
55
South Pac. of Mo.—1st m
99
95
Flint & Pere M.-8s, l’d gr’t
90
*97%
Kansas Pac.—1st m.,0s,’95
97% 98
Galv. Hous.& H.—7s, gld,’71
80
85
1st m.,6s,’95,with cp.ctfs *117%
103
99
Gr’nd R.&Ind.—lst,7s,l.g.gu
1st m., 6s, ’96
94
117% 120
89
1st, 7s, Id. gr., not guar...
do
with coup, ctfs *114%
70
75
1st, ex land grant, 7s
1st m., 7s, Leav. br., 90..
Grand River Yal.—8s, 1st m +103% 104
do
with coup, ctfs
87
83
Hous.& Gt.N.—lst,7s,g.,ctfs
82
1st m., 7s,R.&L.G.D’d,99
Hous. & Tex. C.—1st, 7s, gld 104
106
cons,
40
40
15
Yirgina—6s, old.
2d
*35
Equipment bonds, 7s, 1883
West. Un.
113%
96%
1st St. L. div.7s.ex mat.cp.
2d mortgage ext., ex coup
Gt. Western, 1st m., ex cp
do 2d m.,7s,’93,ex cp
Q. & Tol., 1st, 7s, ’90,ex cp.
I11.& So. Ia., 1st m.7s,ex cp
103
109%
93
95
98
93
Consol., 7s, 1910
Pur. Com. rec’pts, 1st,E.D *107%
do
1st, W. D. *107%
Tol.&Wab.—lstext.7s,ex cp.
105%
109
15
15
15
33
31
115% St.L.&San F.—2dm.,class A
*91
4*5“
1886
1st inc, for consol
70"
110%
Buffalo & Erie, new bds... 117
Buffalo & State Line, 7s.. *102
Kal’zoo & W. Pigeon, 1st. *102
Det.Mon.&T.,lst,7s,’1906 *120
Lake Shore Div. bonds
do
119
cods, coup., 1st
119
do
cons, reg., 1st.,
do
do
91
103% 104%
108%
76%
Ask.
BONDS.
115
*50
income
2d mortgage,
121
110
112
55
0s, new, 1866
6s, new, 1867
6s, consol, bonds
16
6s, ex matured coupon....
5’
6s, consol., 2d series
6s, deferred
3“ D. of Columbia—3 653,1924.
Small
2%
Registered
2%
2%
Burlington Div
112%
Rhode Island—6s,coup.'93-9
South Carolina—6s
Jan. & July
April & Oct
Funding act, 1866
Land Com., 1889, J. & J...
do
1889, A.&O...
7s of 1888
Non-fundable
Belleville & So. Ill., 1st m. *109
Tol. Peo. & W.—1st m., E.D. *108
1st mortgage, W. D
*108
90%
Bid.
Tennessee—0s, old
m
2%
AND
Securities.
6s,
6s,
9
15
15
STOCKS
do
Ill.Cent.—Dub.&Sioux C.lst
Dub. & Sioux C., 2d div...
Cedar F. & Minn., 1st m.. *100
88
107
88
9
..
20%
5s, sinking fund
Chic. Rk. I.& P.-0s, cp.,1917 *113% 114%
6s, 1917, registered
*113%
Keok.& Des M., 1st, g., 5s.
94
97’
Central of N. J.—1st m., ’90.
119
do
107%
106%
do 1st, con., f, cp.,7s *114
do 2d,con.,f.cp.,5s,6s
75
Han. & St. Jos.—8s, conv...
105
Louisv.& Nash.—Cons.m.,7s
2d mort., 7s, gold
29%
90
Nashv. & Decatur, 1st, 7s.
Marietta & Cin.—1st mort..
1st mort., sterling
38
Income
Joliet & Chicago, 1st m...
Louis’a & Mo., 1st m., guar
do
2d 7s, 1900.
St. L. Jack. & Chic., 1st m.
Miss. Riv. Bridge,1st,s. f ,6s
Chic. Bur. & Q.—8 p.c., 1st m
Consol, mort., 7s
N.Y.L.E.&W.,n.2d,con.,6s
10
37%
103'
....
Buff. N.Y.& E, 1st m., 1916
Ask.
St.L.& S.E.—Cons., 7s, g.,’94
St.L.Vandalia&T.H.—lstm
105%
2d mortgage, guar
87
105% 105% Sand. Mans. & Newark—7s.
101
St.Chas.B’dge.lst, 7s, 1908 102% 105
Scioto Val. 1st 7 p.c. s.f. bds +100
North Missouri, 1st m„ 7s *113
South Side (L. 1.)—1st mort
85
St. L. Alton & T. H—1st m.
South Minn.—1st m.,7s, ’88. 100
2d mortgage, pref
82“
1st mortgage, 7s (pink)
100
1023-
105%
do
1st, reg.
Denv.& R. Grande—1st,1900
Long Dock bonds
American Coal
Consolidation Coal of Md.
Stock Exchange Prices.
Boat. H. & Erie—1st m
1st mort., guar
Bur. Ced.R.& North.—1st,5s
Minn.& St. L., 1st, 7s, guar
A.& O
J. &J.
coup, off, A.&O.
coup, off,
St. L.& Iron Mount’n—1st m
2d mortgage
Arkansas Br., 1st mort...
Cairo & Fulton, 1st mort.
Cairo Ark. & T., 1st mort.
St.L. K.C & N— R. E.& R.,7s
Omaha Div., 1st mort.. 7s
99% 993,
100
101
—
100
101
105% 106
47% 48
48%
97% 98
90
90
111
Rens.& Saratoga, 1st,coup
3d mortgage, 7s, 1883
4th mortgage, 7s, 1880
5th mortgage, 7s. 1888
7s, cons., gold bonds, 1920
ex coup.,Sept.,’79 & prev
120
164
40
Pullman Palace Car
m.
2d mort..
3d mort..
1st con., guar
....
125
Atlantic & Pacific Tel
American District Tel
Gold & Stock Telegraph...
Pennsylvania Coal
Mariposa L’d & Mining Co
do
do
pref.
Ontario Silver Mining.
Homestake Mining
Standard Cons. Gold Mining
1st mortgage, 1891
do
extended
do
Coup., 7s,’94
do
Reg. 7s,’94.
1st Pa. div., coup., 7s. 1917
do
reg., 7s, 1917
Erie—1st mort., extended..
2d mortgage, 7s, 1879.
pref
Canton Co., Baltimore
construct’n
7s of 1871.
do
do
do
m
miscellaneous St’lts.
do
do
do
do
MISCELLAL^EOUS
Albany & Susqueh., 1st
157’
Harlem
Ind. Cin. & Laf
Keokuk & Des Moines.—.
do
do
pref.
Quicksilver
AND
.
Manhattan
Marietta & Cin., 1st pref...
do
do
2d pref...
Mobile & Ohio
Nashville Chat. & St. Louis.
New Jersey Southern
N. Y. Elevated, ex? priv
V. Y. New Haven & Hartf.
Ohio & Mississippi pref
Pitts. Ft. W. & Chic, spec’l.
Rensselaer & Saratoga
St. Louis Alton & T. H
do
do
pref.
Terre Haute & Indianapolis
United N. J. RR. & Canal
42“
103“
1st con.,g’d..
Del.& Hud.Canal—1st m.,’84
40
2d pref.
Adams Express
American Express
United States Express
Wells, Fargo & Co
43%
Morris &Ess’x,b’nds, 1900
Louisville & Nashville
104
6s, 1886
RAILROAD
do
Bid.
7s, 1890
110
Funding act, I860
Missouri—6s, due 1882 or ’83 103
do
1808
104
6s, due 1886
New
105%
bonds, J. & J
0s, due 1887
104%
do
A.&O
6s, due 1888....
105
Chatham RR
102%
6s, due 1889 or ’90
105%
Special tax, class 1
Asylum or Univ., due ’92. 104
do
class 2
Funding, 1894-95
100%
do
class 3
Hannibal & St. Jo., 1880.. 104
Ohio—6s, 1881
110!
Railroad Stocks.
(Active previously quoted.)
Albany & Susquehanna
Boston & N. Y. Air L., pref.
Burl. Cedar Rapids & No...
Chesapeake & Ohio
do
do
1st pref.
SECURITIES.
Missouri—Han.& St. Jo.,’87.
York—6s, gold, reg.,’87 107%
6s, gold, coup., 1887
107%
106
6s, loan, 1883
117
6s, do 1891
120
6s, do 1892
121
6s, do 1893
North Carolina—6s, old,J&J
24% 20
6s, old, A.& O
24% 20
No. Car. RR., J. & J....... 107
20
consolidated
small
BONDS.
New
of 1910
Michigan—6s, 1883
4
4
4
4
102;
Illinois—6s, coupon, 1879...
6s,
6s,
7s,
Us,
8s,
8s,
8s,
7s,
7s,
BONDS IN NEW YORK.
Prices represent the per cent value, whatever the par may be.
Ask.
100
100
20
20
20
20
20
20
20
Louisiana—6s
20
20
Class C, 2 to 5
Bid.
Illinois—War loan
2%
7%
1892
1893
SECURITIES.
63
idi
&
104
102% 105
112
115
90
92
75
75
85
85
70
15
85
60
12
84
33
35
111
109
104
106
101
102
94 %|
92
95*
108
102
104% 106
110
97
96
au/
55
24
97
105
80
110
96
60
30
100
110
99
idi'
45
so
60
114
CO,
110
118
115
20
30
40
20
77
80
'
1
if
61
THE
CHRONICLE.
NEW YORK
LOCAL
[Vox.. XXIX.
SECURITIES.
Bank Stock List.
Companies.
Capital.
Insurance Stock List.
Dividends.
Surplus
latest
dates. §
[Quotations by K. 8. Bailey. broker,7 Pine street.]
Pbick.
at
Mark’d thus (*)
are not Nat’l.
oS
Amount
Net
Period 1877. 1878.
Last Paid.
Capital.
Bid. Ask
•
Chare
Chatham
Chemicals.....
citizens’
City
.
Commerce
Continental....
Corn Exch’ge4.
KastRiver....
....
11th Ward*
Fifth
Fifth Avenue*.
First
Fourth
Fulton
Gallatin
German A_m.*
German Exch.*
Germania*
Greenwich*....
Grocers4....
.
Hanover
Imp.& Traders’
Irving
Island City*...
Leather Manuf.
Manhattan*..
.
Manuf. & Aler.*
Market
Mechanics’
Mech. As8oc’n.
Mech’ics & Tr.
100
300,000
25
450,000
100
300,000
25
600.000
100 1,000,000
100 5.000,000
100 1,000,000
100 1,000,000
25
250,000
25
100,000
100
150,000
.100
100,000
100
500,000
100 3,^00,000
30
600,000
50 1,000,000
100
750,000
100
200,000
100
200,000
25
200,000
40
225,000
100 1,000.000
100 1,500.000
50
500,000
fO
100,000
100
600,000
50 2,050,000
20
100,000
400 OOO
100
100
509,000
25, 2,000,000
50
500,000
25
300,000
27,900
166,600
3,221 600
167.600
1,4! 1.000
2.633,900
166.700
823,600
66 800
11,400
43,700
130,0( 0
1,579.000
....
1
t
People’s*
Phenlx...
49,900
4',100
14,300
18,400
217,300
1,889,900
p *
7
”6
9
100
Bl-m’ly
J.& J.
M.&N.
J. & J.
J. & J.
F.&A.
J.& J.
J. & J
J. & J.
July, 79.
Juiy, 79.
Feb
10
’79.
8* July, ’79.
July, ’76.
10
10
33?i200
127
5
95
135
....
3*
3
225
6*
6
10
7
10
7
.r.
1 A Ft
May.
5
.
7
3
7
14
8
6*
12
8
6
7
14
8
3
11
8
9
6
6
7*
6*
io
6
7*
8
8
3
6
F.&A.
3
10
10
7
7
3
233,300 J.& J.
41 200 J.& J.
196.100 M.&.N.
104,000 J.& J.
269 400 J. & J.
9
660,000 M.&N.
104,740 J. & J.
8
8
Ju y,
12
5
7
8
8
101
3*
115
133
4
2
AVZ
2*
3
75
95
125
91
4
3
*
72
4
QL*
*79. 3 ~
Feb., ’79.
3
3
9
10
6
7
3
Aug. ’77.
July, ’78.
July, ’79.
July, ’79.
July, 79.
May, ’79.
Jan., ’78.
2*
90%
100
Iso
*
*
*
103*
3
98
3
7* July, ’79. 3*
May, ’79. 4
July, ’70. 6
10
8
»* c
u*
u»io on. uc
it,
lux
IUC IN aUOUUi
145
...
DaU
Gm and City Railroad Stocks and
Bonds,
[Gas Quotations by George H. Prentiss,
Broker, 24 Broad Street.
do
bonds
Harlem..
Jersey City & Hoboken
Amount. Period.
25
20
Var.
Var.
A. & (9.
F.&A.
J. & J.
J. & J.
1,C00
Metropolitan
Mutual, N. Y
bonds
Nassau, Brooklyn
scrip
Hew York
People’s
(Brooklyn)
ao
do
bonds
do
do
certificates.
Central of New York
Williamsburg
do
315,000
1,850.000
750,000
4,000,000
2,500,000
1,000,000
5,000,000
1,000 1,000,000
25 1,000,000
Va •.
700,000
100 4,000,000
10 1,000,000
1,000
300,000
Var.
300,000
50
466,000
50
...
scrip
Var.
Metropolitan, Brooklyn
100
100
Municipal
do
2,000,000
1,200,000
50
20
50
100
V*r.
100
Manhattan
do
4-i
Par.
Brooklyn Gas Light Co
Citizens’Gas Co (Bkl.\n)
do
]
6
Gas Companies.
bonds
M.& S.
M. & S.
Quar.
F.& A.
Var.
M.&N.
M.&N.
J. & J.
M.&N.
J. & J.
F.& A.
1,000,000 Quar,
1,000,000 J. & J.
1,000,000 M.&N.
1,500,000
750 000 M. &N.
33
Date.
M
*
Bid. Ask.
.
i'
Brooklyn Oily—stock
1st mortgage
Broadway (Brooklyn)— stock..
Brooklyn ifc Hunter's Pt—stock.
1st mortgage bonds
Bushwick Av. (B'klyn)—stock..
Central Fk„ y.<t E. River—stk.
Consolidated mortgage bon- s.
100
1,000
May, ’79 115
2* July, ’79 50
7
3
I8ys
95
Feb., ’78 35
7* Jan., ’79 135
100
2,100,000 Q-J.
1,500,000 J.&D.
10 2,000,000 Q—F.
1,000
300,000 M.&N.
lOCf
200,000 Q-J.
100
400,000 A. & O.
1,000
800,000 J & J.
.
100
100
1882
3
July, '79
3* May, ’70
4
May, ’79
3* Jan.. ’76
7
1S97
3*
Jan
3
2
Feb., ’79
Jan., ’79
,
’79
3* Jan., ’79
2* May, ’79
3
6
1,000
Dry Dock, E. B. & Battery—stk.
300
1st mortgage, cons’d
500&C
900,000 J.&D
Bhghth Avenue—stock
100 1,000,000 J. & J
1st mortgage
1,000
203,000 J. & J.
2d St. dk Grand St
ft
.
terry— stock
1st mortgage
Central Cross :lown~ stock.
1st mortgage
1,000
...
Houston, West st.dcPav.F'yslk
1st mortgage
(Second Avonue—stock.
id mortgage
Cons. Convertible
Extension....*.
luHK Avenue- stock..
1st mortgage
third Avenue—stock
1st mortgage
.
.
tirenty-third Street—slock.
1st mortgage
this
<
100
100
1,000
100
500
100
1,000
1.000
^00&C.
J00
1,000
748,000 M.&N.
236,000 A.&O.
600,000
200,000 M.&N.
.....
.
.
Fell., ’79
188S
column shows last dividend
on
H July, '79
3*
7
3
3
7
3
7
2
7
6
7
6
7
....
7
250,000
500,000 J. & J.
1,199,500 Q.-F.
150,000 A.&O.
1,050,000 M.&N.
200,000 A.& 0.
750,000 M.&N.
415,000 J. & J.
100 2,000,000 Q—F.:
1,000 2,000,000 J. & J.
100
1.000
7
2
7
500,000
1,800,000 j.’& j!
1,200,000 J.&D.
1,200,000 Q-F.
600,000 J & J.
250,000 M.&v.
•
•
Over all liabilities, including re-insurance, capital and scrip,
scrip.
•
•
•
105
•
•
•
•
»•••
...
140185
....
....
70
125....
90
127
....
100105
75
71‘
190
106
00
73
140
120
....
.
85
145
.
....
165
•
•
•
•
•
180;
130
65
•
65
110
120
123
90
80
177
.•»
„
r...
•
•
.
120’
•••
....
.
*
...
.....
no
*•••
103
50
82
85
18
90
70
55
70
85
40
115
104
7
2
7
7
7
5
7
3
7
4
7
-
9
[Quotations by Daniel A. Moran, Broker, 40 Wall Street.]
Interest.
Rate.
New York:
Water stock
1841-63.
Croton water stock. .1845-51.
do
do
..1852-60.
Croton Aqued’ctstock. 1865.
repervoir bonds
Central Paik bonds.. 1853-57.
do
no
do
Market stock
32
85
9
stocks, but the date of maturity uf bonds.
•
pipes and mains...
do
do
Dock bonds
20
90
62* 65
Ju y, ’84 101
102
May, ’79 130
140
Nov., ’80 102 110
July, ’79 385
150
Oct., ’76 90
100
1888
300
102
85
92*
Jan.. ’79 40
50
Dec. 1902 94
97
May, ’70 88
95
J u e,’93 304
106
300
July, ’79
Jft"., ’84 300
110
May, ’78 340
155
Apr., ’93 305
115
40
Nov.1904 99
101
30
20
July, ’94 80
86
Apr., ’18 30
32*
Apr , ’85 95
100
May, ’88 7)
75
70
Sept..’83
75
May. ’77 95
100
July, ’90 105 115
May, '79 126
131
July, ’90 98
101
Feb .’79 95
100
V, ’93 303
104
J’ly.1900
Juiy, 79
f Inclusive of
City Securities.
June, ’79 145
Feb., ’79 110
3* Feb.. ’79 101
1* A pi.. ’79 50
900,000 J. & J.
1,000
•
107
.
5
5
*
694,000 J. & J.
55
125
178
210-
5
[Quotations by H. L. Grant, Broker, 145
Broadway.]
tteccker St.dk Fulton* err y—stk.
1st mortgage
Broadway
Seventh Ace—stk..
1st mortgage
120’
»
....
.
®t same date for the State
banks.
4
65.
203
210
....
» •
3
4
4
3*
....
100
....
*
~6
70
•
...
•
2*
3
.
.
.
3;*
•Tilly. *'7Q
,
80
’79. 4
’79. 2*
’77;
’79.
’79.
’79.
July, '79.
Jan
125
’79. 6
July, ’79.
July,
July,
July,
July,
July,
May,
25
200,000
5
7,107 10
10
50
July, ’78. 5
100
21 25
200,000
15
8* July. ’78. 3*
50
400,000 +494,548 15
15
14
120
July. ’79. 3*
American Excb 100
200,000
69,251 10
10
10
Ju y, ’79. 5
Amity
100
200,000
1,442 8
4
N’ne Jan., ’77. 4
50
Atlantic
50
200,000
37,545 10
10
10
July. ’78. 5 .
25
Bowery
300,000 410,567 20
20
190
20
June, ’Ty.lO
25
Broadway
200,000 803,641 20
20
20
Feb., ’79.10 200
17
Brooklyn
153,000 203,044 20
20
20
July
’79.10 180
Citizens’
20
300,000 503,769 20
20
195
20
Ju y, ’79.10
70
City
210,000 178,380 20
110
17* 10-72 Feb.. ’79. 5
Clinton
100
250,000 150,018 20
12
115
18
.July. ’79. 5
Columbia
30
300,000
11,126 10
47
N’ne July, ’7<. 5
5
Commercial
50
200,000 170,523 25
18
110
25
’79.10
.Tan.,
100
Continental....
1,000,000 1,038,423 11-45 12-50 IS 40 July, ’79.6-83 173
40
Eagle
300,000 514.353 30
200
20
20
A pi., ’79.10
Empire City.... 100
200,000 102,001 14
100
10
14
July, ’79. 5
30
Exchange
200,010 121,604 20
10
103
15
Feb., ’79. 5
50
Farragut
200,000 161.067 15
15
15
July, 79. 7* 120
Firemen’s
17
204,000
10
12
85,825 15
July, ’79. 3*
Firemen’s Fund 10
150,000
80
10
N’ne July, ’77. 5
10
10
Firemen’s Tr
150,000
100
11
12
12
86,618
July,
*79. 5
Franklin&Kmp 100
200,000 130,330
130
July, ’70. 7
Germau-Amer. 100
1,000,000 815,049 io
io
10
Ju’y, ’79. 5 135
50
Germania
500,000 754,424 30
22
30
170
July, ’79. 7
50
Globe
200,000 127,116 20
20
10
107
Ju y. ’70. 5
25
Greenwich
200,000
40
30
344,301 40
Ju y, ’79. 7* 270
Guardian
100
7
200,000
35,343 10
10
Ju*y. ’79. 3* 60
Hamilton
15
115
150,000 124,537 20
20
17* July. ’79. 5
Hanover
50
10
500,000 685,899 10
165
10
July. ’79.15
Hoffman
50
10
200,000
78,847 10
10
’<9.
July,
5
Home
100
3,000,000 1,363.489 10
125
10
10
July, *79. 5
25
Hope
150.000
15,909 10
10
10
Jan., ’79. 3>^ 50
Howard
50
500,000 206,609 12
12
10
Jan., ’79. 5
Importers’* T.. 50
100
200,000 111,928 12
12
Ju y, ’79. 5
10
100
Irving
..
65
200,000
32,968 10
13
10
July,
’70.
3*
Jefferson
30
1 ft
200,010 +314,003 10
130
M’C i ’70 5
14)
20
Kings Co.(Bkn)
150,000 199,901 20
160
20
July, ’79.10
20
Knickerbocker 40
280,000
eo
27,884 10- 10
Jan
’79. 5
5
50
Lafayette(Bkn)
150,000 156,597 20
120
20
16
July. ’79. 6
100
Lamar.. '
100
200,000 116,473 10
10
Ju y, ’79. 5
10
25
Lenox..
80
150,000
55,005 10
10
10
.Tfily, ’79. 5
Long l8l.(Bkn.) 50
200,000 281,942 20
20
16
July, ’79. 5 125
25
Lorlllard
800,000
71,541 10
60
10
10
Jan., ’79. 5
Manuf.& Build. 100
200,000 202,281 11
12
12
July, ’79. 6 130
Manhattan
100
14
241,421
250,000
20
10
July, ’79. 5 112
Mech.&Trad'rs’ 25
200,000 281,637 30
170
30
20
July, ’79.10
150,000 186,569 20
Mech’ics’(Bkn) 50
165
20
20
July,
’79.10
50
Mercantile..
51,386 10
200,000
80
10
10
’79. 5
July,
Merchants’..... 50
200,000 206,979 20
20
16
July, ’79. 5
Montauk (Bkn) 50
200,000 114,189 20
110
18
12
July, ’79. 5
Nassau (Bklyn) 50
200,000 174,081 25
20
Ju y, '79.10
20
National
37* 200,000 124.331 16
102
14
10
July, ’79. 5
N. Y. Equitable 35
210,000 324,262 20
20
150
20
July, ’79. 5
New York Fire 100
200,000 160,005 20
17
14
Feb.,’79. 7
N Y. & Boston 100
24,571
200,000
N’ne
New York City 100
300,000
55,061 10
10" N’ne Jan., ’79. 5
60
50
500,000 455,012 10
Niagara.
12
115
11
July, ’79. 6
North River.... 25
112,717 12
350,000
11
100
10
Apl., ’79. 4
25
Pacific
200,000 426,132 30
20
30
July, ’79.10 235
Park
100
200 000
103,552 20
20
109
12
July,
’79. 6
Peter Cooper... 20
150,000 200,474 20
20
190
20
Jan.. ’79.10
50
lO8,l04
20
150,000
People’s
18
12
Ju’y, ’79. 6 iio
Phenix (Bklyn) 50
1.000,000 731,322 20
20
117
15
July, ’79. 5
Produce Exch. 100
200,000
8* 3* N’ne Jnn., ’77. 3* 65
50
Relief
59,449 10
200,000
10
10
July, ’79. 5
100
34,673 10
300,000
Republic
10
5
July, ’79. 3* 70
100
71,994
13
200,000
Rlagewood
12
95
10
Ju y, ’79. 5
25
200,000 205,204 25
Rutgers’
20
20
July, ’79.10
100
200.000
103,695 15* 16
Safeguard
100
16
Julv, ’79 8
St.Nicholas
25
200,000
75
10
39,020 10
9
Feb., ’79 5
Standard
50
200,000 ! 175 011 11-55 12-35 623 July, ’79. 3* 115
Star
100
800,000
112
171,318 15
17* 12* July, ’79. 6
100
Sterling
200,000
10
10
70
49,231 10
Feb., ’79. 5
Stuyvesant
25
200,000 144,517 20
16
14
July, ’79. 5
300,000
Tradesmen’s.... 25
20
181,302 25
10
100
Julv, ’79. 5
United States.. 25
250,000 231,331 16
16
12
120
July, ’79. 5
300, P00
Westchester... 10
10
175,619 10
10
Feb., ’70. 5
250,000 450,317 20
20
20
Williamsb’g C. 50
July, ’79.10 190
..
60
May, ’79. 2*
July, ’79. 4
10
6
g
6
6*
125 800 F.&A.
53,100 J. & J.
SI.900 J. & J.
:«
6* July,’79 3* 120
July, ’79. 2*
July, ’79. 3*
10
July, ’79. 4
121
io
11
12
6
10
6
j.'& j!
*79.
’79.
’79.
’79.
May, ’79.
8
2
2*
7*
”76
Juiy,
July,
May,
July,
Adriatic
jEtna.
American
....
July. ’79. 2*
.Tnlv.
Bid. Ask.
...
' Juiy, ’79. 4
Feb., ’79. 3* 132
....
Last Paid.
..
...
6
6
May.
1876. 1877. 1878.
...
July, ’79. 5
July, ‘79 3
100*
May, ’79. 3*
A pi., ’79. 3* Iso
A ug., ’79. 2* X
May, ’79. 5
May, ’77. 6
May, *79. 3
Jan., ’77. 3
July, ’79. 3*
July, ’79. 7
July, ’79. 4
Jan., ’78. 3
12
47.500 M.&N.
700.500 J. & J.
72,500 J.& J.
75.600 F.&A.
71 0<J0 J. & J.
54,600 J.& J.
82 2- 0 J. & J.
169,900 J.& J.
211.500 Q-F.
309,500 J.& J.
i£R arm I & J
58 700
1617
4
1879.*
Amount
....
Juiy, ’79. 3
6
80,700
153,100
96
116
3*
,
6*
970.000 j. & j.
68,70u M.&N.
78,000 M.&N.
179,500 M.&N.
708,000 J. & J.
144.400 J. & J.
57.900 .1. & J.
842,600 J. & J.
dto >vin
3*
July, 79.15
July, ’79. 3
May, ’79. 5
6
10
8
109
5
8
3
July, ’79. 3
100
6*
10
6
’79. 3*
’79. 3
106
’79.
’79.
’79.
July, ’79.
288’,800 r.&j: "7* ~~7
mo!
i9?>nrn
100 1.500.000
St. Nicholas... 100
500,000
Bevdnth Ward. 100 300,000
Seccind
100
300,000
Shoe & Leather 100
500,000
Sixth
100
200,000
State of N. Y.. 100
800,000
Third
100 l,con ,000
Tradesmen’s... 40 1,000,000
Union
50 1,200,000
West Side*
100
200,000
r
J. & J.
.
Bepubllc
i,
•
M.&N.
•1. & J.
J. & J.
J. & J.
133.100 T. & J.
6.700 J. & J.
427.800 J. & J
1,059.000 F.&A
8,800 J.& J.
101 900 J & J
2o!i.66o!55o
Produce4
•
52 400 F.& A.
100 3,000,000
100
100,000
100 1,000,000
100 2,000,000
100
200,000
100
300,000
100
750,000
70
700,000
50
240,000
25
300,000
50
422,700
100 2,000,000
OR
5*
J & J
J. & J.
July,
May,
July,
July,
July,
8
6
11
16
12
16
8
8
398 400 M.&N.
.
.Nassau*
New Ycr.*
N. Y. County..
N. Y. N. Exch.
Ninth
No. America*..
North River*.
Oriental*
Fac fle*...
Park
M.&N.
J.& J.
J. & J.
671.2U0 A.& O.
..
..
8
967,900 J. & J.
Mercantile
100* 1,000,000
Merchants’.
2,000,000
Merchants’ Ex. 59
50 1,000,090
Metropolis*.
100
300,000
Metropolitan
Murray Hill*..
J. & J.
Price.
Jan. l,
Par.
America4
100 3,000,000 1.P85.0 0
Am. Exchange. 100 5,000,000 1,214.400
100
Bowery
250,000
ly3,100
25 1,000,000 1,252,100
Broadway
Butchers ’& Dr. 25
300,000
02,800
Central
100 2,000,000
346,900
Dividends.
Surplus,
Companies.
..1853-65.
1870.
.........1:75.
1865-68.
Improvement stock.... 1869
do
...,18fc9.
ao
Consolidated bonds
.
var.
Street imp. stock
var.
do»
do
...'....var.
New Consolidated
Westchester County...
5
5
6
6
7
6
5
6
7
6
7
6
7
6 g.
6
7
6 g.
7
Mouths
Price.
Payable.
Feb., May Aug.& Nov.
do
do
do
do
do
do
May & November.
Feb., May, Aug.& Nov.
do
do
do
do
May & November.
May & November.
do
do
do
do
do
do
do
do
do
do
January & July.
do
do
Bonds
due.
Bid. Ask
100
104
104
106
110
109
108
100
123
107
118
1889'
107
1879-1890 102
1901
113
1888
102*
1879-1882 102
1896
113
1894
118
1880
1890
1883-1890
1884-1911
1884-1900
1907-1911
1898
1805
1901
1898
1894-1897
101
105
107
109
124
110
100
109
119
108
116
115
105
105
115
110
[Quotations by N. T. Beers, Jr., Broker, 1 New st.]
Brooklyn—Local lmpr’ein’t—
City bonds
do
Park bonds
Water loan bonds
•
Bridge bonds
Wat er loan
City bon as
Kings Co. bonds
do
do
.
7
7
7
7
7
6
6
7
6
Park bonds
Bridge...
•All Brooklyn bonds fiat.
Ja iuary & July,
do
io
do
Jo
do
do
do
do
do
do
do
do
Mav & November.
no
do
January & July.
do
-
do
1879-188o! 102
101
1881-1895
1915-1924
1900-1924
1904-1912
1809-1905*
125
123
121
112
1881-1895 103
1880-1883 1U3
1880-1885 101
1924
11?
1907-1910j113
.
T03
111
128
127
127
114*
J12
108
107
115
114*
[Quotations by C. Zabriskie, 4T Montgomery St., Jersey City.]
Jersey City—
Waiei loan, long..
do
..1869-71
Sewerage bonds.... ..1866-69.
Assessment bonds. ..1870-71.
Improvement bonds
Bergen bonds
.1R68-69.
6
7
7
7
7
7
1895
96
1809 1902 102
1878-1879 97
Jan., May, July A Nov. 1S78-T 879 97
J. & J. and J & D.
189'.-94
97
J*nu»rv *nd Jut1900
07
January & July.
January & Juiy.
do
do
9®
103
90
99
99
99
July 19,
65 ]
CHRONICLE
THE
1879.]
come
Jrwcstmcuts
into
hands during the past year, and our
showing a balance on hand of $151.
our
of the same,
Wm. H. Graham,
“Respectfully,
AND
“
CORPORATION FINANCES.
The Investors* Supplement is published on the last Saturday
of each month, and furnished to all regular subscribers of the
Chronicle.
No single copies of the Supplement are sold at the
office, as only a sufficient number is printed to supply regular
subscribers. One number of the Supplement, however, is bound
up with The Financial Review (Annual), and can be purchased
STATE, CITY AND
in that
disposition
“W. G. Bowdoin, .■
Trustees of Canton Company.”
Statement of George S. Brown, Wm. H. Graham and W.' G
Bowdoin, trustees of the mortgage bonds of the Canton Com¬
pany of Baltimore :
Dr.
To balance as per last report, May 31st. 1878
To amount received from John Herget, Jr., from
bonds of Canton Company, sold
To proceeds of $75,000
resolutions of board of
$480
750
sale of annuity.
directois
under
’.
71,394
.;
shape.
$72,624
Or.
REPORTS.
ANNUAL
By purchase of Canton Company bond No. 289, the same being
cancelled and returned to company
By payment to trustees of $600,000 sinking fund bonds, being
one-fifth receipts to date
..
By proceeds of $75,000 Canton Company’s bonds sold and paid
$928
150
Company—Union Railroad.'
(For the year ending May 31,1879.)
over to Canton Company
71,394
151
The annual report says that President Harrison, in his report By balance, cash in hand
$72,624
of 1878, stated that henceforth the Union Railroad will dis¬
E & O E
charge all its obligations without further recourse to the Can¬
Baltimore May 31st, 1879.
ton Company, and this prediction the experience of the past
Wm. H. Graham, ?T
t
W. G. Bowdoin, 5lrU8tees'
year more than verifies. The year’s current expenses on Can¬
ton, including renewing and repairing docks and wharves,
The general manager reports that the tunnel* is in good con¬
with requisite repairs to property, will be found on comparison
dition throughout. The up-grade track in the tunnel has been
reduced below the minimum of 1878.
relaid with steel rails. Bridges are in good condition and have
Mr. W. B. Brooks remarks in his report “ the erection of
just
bulkheads and piers on Port Warden’s line across the mouth of the been overhauled; they were thoroughly painted during
year. The track is in fair condition, being kept well sur¬
the Horse Shoe Bend, extending from the terminals west side
faced up with gravel ballast. It will probably be necessary to
of Clinton street to the east side of Tenth street, would accord¬
lay 50 or 75 tons of new rails this year.
ing to programme give over 5,000 feet additional frontage on
The large increase of traffic on the road has not taxed its
deep water and reclaim abont 120 acres now submerged. This
capacity; a regular business of 10,000 cars of freight per month
improvement commends itself to your directors as advisable. can be accommodated. If this increased traffic came as return
The cost is estimated in round numbers at $100,000, but your
board contemplate the work only in instalments governed bv freight to the West, our expenditures would nob be increased.
If, however, it should come in the direction of the existing
the demand, restricting the outlay from time to time to Such
from West to East, it would necessitate an increase in
sums as our exchequer may warrant.
Since our last annual traffic,
our organization roll; with the exception of workmen tempor¬
meeting there has been erected another elevator, capacity 750,arily employed to lay cross-ties, our roll remains the same as
000 bushels, giving us now three elevators on Canton.
The last
year.
improvements then contemplated on the part of the Northern
STATEMENT OF INCOME AND EXPENSES FOR THE YEAR ENDING MAY
Central Railway Company, to wit, a pier and warehouse 500 by
31st, 1879:
Canton
70 feet. These have been satisfactorily completed, but proving
insufficient to accommodate their patrons, the company are now
building an additional warehouse 100 by
stock pens, &c. Yet it is patent to the most
that these combined terminal facilities are wholly inadequate
270 feet, together with
casual observer
to accomodate the rapidly-developing business on Canton. At
this point, in conclusion, a glance at our prospective seems
pardonable. Baltimore has always asserted natural geographi¬
cal anvantages in her direct relation to the great grain-growing
centres of the West and Southwest, and ever been justly proud
of her commercial record. Never was there greater cause for
confidence and pride than the present time. Under the
Receipts.
'
Passengers
Freight
Expenditures.
$194
$22,544 Extraordinary expenses..
18,276
149,514 Transportation
17,083
Road
706
U. S. Mail
Express
944
Total
Received from excursions
$173,709
189
Total from transportation
$173,899
Increase over last year.
$45,092
STATEMENT OF
ASSETS AND BONDED DEBT, MAY
31, 1879 :
$594,000
Stock in Union Railroad Company
Bills receivable, viz.:
Annuities, value 'S) 6
Cash in bank
486,836
61— 686,897
14,301
12.500
580,940
23,364
percent...
Sinking Funds, viz.:
1st Mortgage Union Railroad Company
2d
do
do
do
Canton Company sterling bonds
do
do
Gold bonds
bonds
ffi
f.
:
Indebtedness:
$600,000
Sterling bonds
Hess cancelled
Gold bonds
Less
trustees’ report of canton
company’s bonds
:
of the Canton Company’s
Mortgage Bonds, would respectfully report that since our last
statement, May 31st, 1878, we have from time to time, under
the authority of the resolutions of your board, disposed of the
mortgage bonds of your company to the amount of $75,000,
the full proceeds of which, amounting to $71,394, we have
handed over to Mr. Walter B. Brooks, President, to meet the
requirements of your company.
“We have also purchased one $1,000 mortgage bond of the
Canton Company (No. 289), and, having duly cancelled the
same, have returned it to Mr. Walter B. Brooks, President, in
accordance with our agreement with your company as to the
investment of any funds arising from the sale of land, annui¬
ties, &c.
“Thismakes an aggregate of $38,000 of these bonds purchased
and cancelled by us since the execution of the deed of trust,
thus leaving $1,073,000 bonds now outstanding under this mort¬
to the trustees of the original $600,the Canton Company $150, being onereceipts to date other than the proceeds of
“We have also paid over
000 sinking fund bonds of
fifth of all of our
bonds
as
above stated.
“We submit
herewith
our
2,13S
transportation... $29,471
under last year
Messrs. John A. Hambleton & Co. of Baltimore give in
circular the following remarks in relation to the Canton
pany:
$471
their
Com¬
organized under a charter
Maryland in the year 1828. It is a real estate
company possessing the power to purchase and hold not exceeding ten
laying out streets,,
Company of Baltimore was
granted by the State of
and to lease, sell,
purposes, or any
wharf, house> or other building or improvement, to be used
on any lawful trade or business authorized by the laws
'
“We, the undersigned, trustees
gage.
$31,609
in carrying
of this State.
The original charter limited the capital stock to 20,000 shares of $100
$1,912,004 each, $2,000,000. An amendment to the charter in 1842, after 12,500
shares had been subscribed, and $65 per share—$812.500—had been paid
in, fixed and limited the number of shares and the par value of each at
$358,586
these figures. In 1853 another amendment to the charter was obtained,
215,013
authorizing the issue to the stockholders of four shares for one, which
29,755
the number of shares to 50,000, without enlarging the
151— 603,506 increased
capital stock, but in effect makiug the par value of each share $16 25.
$2,515,511 In 1858 still another amendment was obtained, which authorized the
company to purchase its own stock, but withholding the power to
re-issue the same. Under this authority the company bought and can¬
celled 5,700 shares at a cost of $155,710. The whole number
of shares
share,
$717,-
25,000— $575,000
1,111,000
38.000— 1,073,000—$1,648,000
cancelled
5,984
Deduct amount rec’d labor,
Decrease
The Canton
$200,000 *
Union Railroad Company, for land
Union Railroad Company, for loans.
Personal accounts settled by note
Personal accounts unsettled
Stock iu Chemical Company
$37,594
and
steel rails
Net cost
direction of her enterprising grain merchants, Baltimore
gent
is now gradually assuming position as one of the large ‘ Grain
country.”
Total
Deduct new work, ties
2,03d
water, telegraph
intelli¬
Marts’ of this
of
New work, extension
line and tracks
statement of the funds that have
„
as $1 10 per
the par is only
high
$16 25 and as there is no prospect of a dividend, is apparently
enough. The real estate of the Canton Company consists of
acres of land, partly within the limits of the City of Baltimore and
adjacent thereto in Baltimore County, including a water front of
feet—4,373 feet of which bind upon the inner harbor of the city. A
portion of this valuable water front is well improved, and yields a
2,500
17,243
rental
of about 20 dollars per front foot. A large ‘portion of the company’s
property within the city is improved, warehouses, stores, factories and
ground rents
dwellings have been built and rented, a large number of
have been retained by the company when the improvements have been
sold. Of course it has taken a great deal of money for all these improve¬
ments, and for that purpose, and also to assist the Union Railroad-
the
the amount of $1,711,000, and are
authorized to increase this amount up to $3,100,000. They have also
endorsed and guaranteed the bonds of the Union Railroad to the amount
of $1,500,000. One-fifth of all the sales of the Canton Company’s prop¬
erty is paid over to the trustees of the Canton Company sinking fund, to
be applied to purchasing and cancelling the sterling bonds, issued under
Act of 1872 (up to this time $25,000 sterling bonds have been bought
and cancelled), and the balance four-fifths is paid over to the trustees of
the first mortgage gold bonds, to be applied to the purchase and cancel¬
lation of these bonds. (Up to this time $38,000 Canton Company’s gold
bonds have been bought and cancelled). The Canton Company built
the Union Railroad.
It was a very expensive undertaking on account
of the tunnel under the city. The Union Railroad connects the tracks
of the Northern Central, the Baltimore & Potomac and the Western
Maryland Railroads with tide-water at Canton. The business of tho
Union Railroad has increased wonderfully of late. Three large eleva¬
tors have been built at Canton, and they are not sufficient to hold the
immense quantity of grain which is coining over the Northern Central
Road from the West. The Northern Central Railroad is now conUnji
company
have issued their bonds to
66
THE CHRONICLE
plating the building of the fourth elevator. The Canton
Company up to
the last year was obliged (in addition to the assistance
given to the
Union Railroad in the shape of money
advanced) to pay the coupons on
the Union Railroad bonds which
they liad endorsed. The last fiscal
year the Union Railroad earned the interest on its bonds for the first
time, and
now
the President informs
us
that if business continues
It is
as
over to
that the building of the Union Railroad
by the Canton
wise undertaking, and that the
money thus spent will
owners of the company.
Much money must
on
INVESTMENT NEWS.
American Union Telegraph.—In
building its lines, this
company has met with opposition from the Western Union, as
was reasonably to be
expected. The Western Union Company
^applied at Lafayette, Ind., and at St. Louis for injunctions
restraining the company from building lines along the Wabash
and the St. Louis Kansas
City & Northern railroads. At Lafay¬
ette,
temporary injunction was issued by the court, and a hear¬
set down for July 31; at St. Louis the injunction was
refused. It was claimed in the latter
case, by the Western
Union Company, that the
building
of the new line was a viola¬
tion
ing
a
was
of the contract made in 1870 between that
company and
the St. Louis Kansas City & Northern Railroad. In
refusing to
preliminary injunction, the court is said to have ques¬
tioned the validity of the contract. It is
claimed by officers of
the American Union
Company that these obstructions will cause
only slight delay in the completion of its lines.
grant
a
Atchison Topeka & Santa Fe.—The
Chicago Tt'ibune dis¬
patch of the 14th instant gave the following
summary of the
•decision in the pending
litigation : “ Justice Miller announced
the views of the Court upon the
question at issue. After giving
& general resume of the
litigation, he said that the Court was
firmly convinced that the appointment of the receiver was a
proceeding in collusion, for the purpose of frustrating the
order of restitution which was about to be
entered against the
Rio Grande Company. The case did not
warrant the appoint¬
ment of a receiver, and Justice demanded that
he be discharged.
The receiver was
thereupon directed to return possession to the
party from whom he received it—namely, the Rio Grande Com¬
pany.
The latter company must restore possession to the
Atchison Company, by an order
to be entered in the suit of the
Attorney General. In the Grand Canon case, the Court, after
deciding in conformity with the Supreme Court opinion that
the Rio Grande had the
prior right to select its location to
Leadville, unless by the lease it had transferred that
right to
the Atchison Company, which was a matter
yet to be deter¬
mined, the line to Leadville must be considered an
entirety,
;and if the Rio Grande is
permitted to occupy the other side
•of the river, it must
pay for the entire grade to Leadville.
A commission of engineers is
appointed to report this and other
matters, and until further orders no work is to be done
upon
the line by either
company, everything regarding that to re¬
t-
main at a standstill.”
—The following press
ft
thereby establish
portions of the Ohio Valley, and the States
bordering
The length of read to be built is
88% miles. Its route lies through a
thriving, settled country,
and nothing in the character of the work
prevents it from being
completed within one year. The resources of the
company for
construction are as follows:
Capital stock, other than that
issued to counties, towns, and
others, say $3,000,000.
First
mortgage
bonds—This
company is authorized to issue $3,500,000 in its first
mortgage, thirty-year, six per cent bonds, of
which $1,000,000 will be reserved for
equipment and other pur¬
poses, leaving available for new construction
$2,500,000. Aid
bonds—The company is to receive $50,000 in bonds from
each
of the counties of Clark and
Montgomery
when
trains
of
cars
run between
Lexington and the Big Sandy River. Much of the
right of way has been secured, and it is believed that the re¬
mainder will be donated, as the owners of land
along the line
will not be likely to hesitate in
granting the right of way for
an improvement
that must so largely benefit them.
Taking Lexington as the common centre, as it will be for a
vast area around it westward and
particularly south westward,
the following will show the
advantage in distance the Big
Sandy route will have over the more
northerly trunk lines to
the Atlantic ports:
Company was a
richly repay the
yet bo spent oil Canton to
complete the contemplated improvements. But the rapid
growth of
trade in that direction must tell to the
advantageofof the company’s
property in the future. The report of the President
the Canton Com¬
pany has just been issued, aud while the present
earnings of the com¬
pany are not immediately remunerative to the
stockholders, it shows a
-future value which may prove very
satisfactory. The report of the
company is for the fiscal year ending May 31st, 1879.
GENERAL
proposed to complete the road
to the Big
Sandy
continuous direct connection
between the railroad system of the
Virginias and that of Ken¬
tucky, and open a new and more advantageous outlet to the
seaboard than now exists for the
products of the southern and
western
River, and
food
surplus
handed
as is now promised
they will
have a We
$100,000
dollars to
the Canton
Company.
thiukofthat
time will prove
e
now
[Vol. XXIX.
the
Mississippi River.
Miles.
Lexington to New York, via Lake Slioro and N. Y. C. RRs.
982
Lexington to New York, via A. & G. W. and Erie RRs
960
Lexington to Philadelphia, via Pennsylvania RR
707
Lexington to Baltimore,-via Baltimore & Ohio RR
688
Lexington to Richmond, via B. S. and Ches. & Ohio RRs
550
Difference in favor of the
Big
Sandy
route,
138
to
432 miles.
In order that the
Chesapeake & Ohio Railway, in view of the
establishment of this connection,
may improve its decided
advantages, as compared with the other trunk lines, both in
respect to distance from the chief markets of the West and
Southwest, and to terminal facilities and accessibility to ocean,
navigation, it has been decided by that company to extend its
eastern terminus to a point on the
deep waters of the Chesa¬
peake Bay nearly opposite to and not very far distant from the
outlet, where its harbor and transfer privileges will be without
rival; so that by this route shipments will not
only have the
advantage of the shortest haul by rail, but can be more econ¬
omically transferred to shipboard than at any of the other
trunk line ports, and as near the main
ocean as at New York,
100 miles nearer
than at
Philadelphia, and
160 miles
than at Baltimore ; and at the same time both
the route
and its terminal waters, will be
rigors.
always free from ice and
nearer
itself,
winter
This company has
recently contracted with responsible par¬
ties for the completion of its
important line of road. The work
is to be commenced at
once, and the party contracting to build
it is to receive payment in the securities
of this company, on
condition that $1,200,000 of its first
mortgage
bonds shall be
subscribed for at- not less than 97%
per cent.
—Messrs. Fisk & Hatch, No. 5 Nassau street, have issued a
circular “ to all having an interest in the
securities of the
.
Chesapeake & Ohio Railway Company.” In this they
say that
holders of the securities of the
.subsequent to the above :
Chesapeake & Ohio Railway
Denver, Col., July 15.—In the United States Court this morn- Company are personally interested in the success of the effort
now
being made to place the road in the position which it was
ing Judge Hallet refused to hear the motion made
by
the
coun¬
originally designed to occupy, and which will give to its securi¬
sel for the Denver & Rio Grande Railroad
Company to vacate ties the permanent value which they
,the restitution order of June 25. Both
ought to have. * * *
Hallet and Mil¬ The New York Central and the
Judges
ler administered a severe rebuke to the
Pennsylvania
railroads each pay
Rio Grande
Company interest, and dividends on nearly $130,000,000; the New York
for their past course in this
case, and told them they were in Lake Erie &
Western bids fair in time to do the same on
contempt of Court.
a still
larger
amount;
the Baltimore & Ohio is crowded with an enor¬
Denver, Col., July 16.—By order of the United States
Court, mous business, while its $60,000,000 of stocks and bonds are
the Rio Grande Railroad
Company
to-day
delivered
possession
considered as among the best investments in the
of the constructed line to the Atchison
country. The
Topeka & Santa Fe Chesapeake & Ohio, with its
splendid location in a climate
Company, but immediately demanded the return of the road neither too
hot in summer nor too cold in winter for
■on the ground of forfeiture
the safe
of the lease, and filed a bill in
court and uninterrupted
-for cancellation of the
transportation of merchandise aud products
lease, stock and agreements deposited in of
every sort, has to earn interest on less than $30,000,000 of
Boston, and for the return of the road,
claiming that the At¬ bonds to make it a success, so far as its bondholders
chison Topeka & Santa Fe
are con¬
Company had violated the conditions cerned.” * * *
on which
they were signed and placed in escrow. A motion for
“The
for connecting the Chesapeake & Ohio
immediate injunction,
pending litigation, will be heard Monday. with the plans
Railway
railroad
systems of the West, and for perfecting it as a
Judge Hallet said the case would be regarded as an
original
great central through line, the importance of which to
application for injuction, regardless of recent
the
litigation.
future of
the:
road
you have well understood and appreciated
Chesapeake <fe Ohio Railroad—Elizabethtown
from the beginning, have at last been
&
Big Sandy.—Mr. A. L. Reid, No. 9 Nassau street, Lexinarton
that is now requisite to ensure theirfully organized, and all
President of
early completion is a
the E. L. & B. S. Railroad
Company, issues a circular from prompt subscription for $1,200,000 of the first mortgage bonds
which the following is condensed:
of the Elizabethtown
Lexington & Big Sandy Railroad Company.
The Elizabethtown
“We doubt if those interested in
& Big Sandy Railroad
Lexington
so large and valuable a
Company property,
Is a corporation chartered in
lying
Kentucky
to
comparatively
dormant
for want of improve¬
construct,
maintain
and operate a line of railroad between
ments so vital to its
the Big Sandy
development, and yet requiring so little for
River, at their
its confluence with the
Ohio, and the cities named in the title.
attainment, have ever before had presented to them the
At the Big Sandy, which forms the
opportunity
to realize so large returns from the investment of
of
boundary
line
Kentucky
and West Virginia, it will connect with
the Chesapeake & Ohio so small an amount.” * * *
Railway, leading to Richmond and the tidal waters of the
“TERMS OF SUBSCRIPTION:
Chesapeake Bay. At Lexington connection will be made with
“
The price of the bonds is fixed at
the Louisville Cincinnati &
97%. A payment of 17%
Lexington
.Louisville and points further West and Railway, leading to per cent will be required at the time of
subscription, for which
South; also, with the the subscribers will receive a
Cincinnati Southern for
proper
certificate.
The balance
Chattanooga
and
points beyond in the of the amount will be
South and Southwest, as well as
payable in installments as called for, dur¬
northward to Cincinnati and
ing the progress of the work, not exceeding 10
beyond; also with the Kentucky Central Railroad for
per cent
Cincinnati,
monthly.
will be allowed on all payments, from their
jMaysville
and intermediate points in Kentucky. Thirty three date, at theInterest
rate of
And
despatches indicate the course
of affairs
“
’
,
il
a
half miles of the road
Lexington eastward to
i
Mount
are
built and in
operation from
Sterling.
6 per cent per annum. When the
final
installment is called for and paid, the bonds will
be issued and
the interest adjusted to that date., The
bonds are of the denom-
THE CHRONICLE.
July-19,1879.]
•
■
—
■———.
•
-
.
67
Z
advantage of its option of paying off the stock for five years'
from date, in consideration of a reduction of the guarantee
from 10 per cent to 7. This will reduce the fixed charges of
cent per annum, payable March 1st and September 1st, in the the Lehigh Navigation Company by $39,000 and taxes thereonCity of New York, in gold coin, and are secured by a first mort¬ This, with a saving of $70,000 by th# reduction of the rent of
the Delaware Division Canal, amounts to about $110,000 reduc¬
gage on the entire property of the company, including the 33%
miles of finished road, already in operation. The trustees of tion in the fixed charges, or a saving of more than 8 per cent in
the mortgage are P. C. Calhoun (President of the Fourth the total annual disbursements of the company.
ination of $1,000 each, payable to bearer, or registered in the
name of the owner, as desired; dated March 1st, 1872, and payable thirty years after date, with interest at the rate of six per
,
.
National
Bank) and George I. Seney (President of the Metro¬
politan National Bank). Subscriptions will be received
information given at our office, No. 5 Nassau street”.
Louisiana’s
State
Debt.—The
Constitutional
Convention
and full July 17,
Chicago Burlington & Quincy.—It is reported from Des
Moines, Iowa, that the Knoxville Branch of the Chicago Bur¬
lington & Quincy is to be pushed through to that city, and the
track laid with steel rails, when through trains to Chicago will
be run in competition with the Chicago Rock Island & Pacific.
The gap from Albia to Moulton will then be laid, which will
give
St. Louis connection by way of the St. Louis Kansas
ity &a Northern.
Denver Pacific.—In the suit of Carlos S. Greeley against the
Denver Pacific Railway and Telegraph Company, and the cross
bill by Governor Evans and others against Greeley and the
after a long debate, adopted an amendment to the
State debt ordinance, fixing the rate of interest to be paid on
consolidated bonds at 2 per cent for five years, 3 per cent/ for
ten years, and 4 per cent thereafter; the interest tax to be 2%mills, with a limitation to 5% mills for all State purposes for'
five years, and 3 mills interest tax thereafter with a limitation
to 6 mills for all State purposes.
An effort will be made to¬
morrow to carry a proposition allowing the holders of consols
to convert them into small currency bonds bearing 3 or 4 per¬
cent interest.
New lork Boston & Montreal.—A suit has been brought in
the Supreme Court in the name of John Cooke, of Yorkshire,.
England, against the stockholders of the New York Boston &
company, the court discharged the receiver and
Ordered the road to be turned over to the trustees of the bond¬
Montreal Railway Company and others. The suit is brought to
rescind the sale of the company’s bonds to the plaintiff and
holders, Governor Evans and A. G. Dulman.
District of Columbia.—Bids were opened at the Treasury
defendants
railway
Department, Washington, July 12* for the remainder of the 5
per cent District of Columbia refunding bonds, amounting to
$466,000. Messrs. George William Ballou & Co., of New York,
bid for the entire amount at 101 1-16 ; Messrs. Riggs & Co. bid
for the whole amount at 100*66, and Mr. John J. McKutchen
bid for $4,700 at 105. Several bids for small amounts were also
received. Messrs. Ballou & Co. get the full amount, with the
exception of the $4,700 bid for by Mr. John J. McKutchen.
Hoosac Tunnel.—The executive council of the State of
Massachusetts held a meeting, and adopted the agreement
relative to the difficulty between the State and the Fitchburg
Railroad, in regard to freight and passenger tariff over the
thirty-seven miles of the State’s road. Following is the full
text of the document:
Ordered, That the manager of the Troy & Greenfield Railroad and
Hoosac Tunnel he authorized to execute the following agreement with
the Fitchburg Railroad Company:
It is agreed between the Governor and council and the Fitchburg Rail¬
road Company that three arbitrators shall be chosen by mutual agree¬
ment of said parties; that the present tolls for the carriage of
and
passengers by said railroad company over the thirty-seven miles of the
State’s road now operated by said company shall remain in force, except
that said arbitrators shall consider and by a majority thereof determine
what rebate, if any, will enable the said company to operate said thirtyseven miles of said road without loss, including therein all expenses
freight
properly chargeable to such operation; the time covered by said arbitra¬
tion shall bo from April 1,1879, the date of said company’s last settle¬
ment and payment of tolls into the treasury, to January 1, 1880, the
Governor and council being advised that they have no authority to con¬
sent to any agreement directly or indirectly taking from the State treas¬
ury any money
from tolls already actually
paid into it, and that such
authority is alone in the legislature. Said rebate so determined shall be
allowed to said company, but in .any event no rebate or allowance shall
so great as to bring the amount of tolls paid to the Commonwealth dur¬
ing the present cjtlendar year less than the expenses incurred by it dur¬
ing that time in the operation and maintenance of said 37 miles, except
such expenses as it may incur over and above 37-44ths of the $80,
428 34 expended by the Commonwealth in operating its road for the
year ending September 30, 1878, it not being intended to subject said
railroad company to the risk of making the State good against the pos¬
sibility of unreasonable operating expenses and maintenance on the part
of said State, and those of last year being regarded as a fair basis. But
it is understood and agreed that in no accounting between the Fitch¬
burg Railroad Company and the Commonwealth shall the money be paid
into the treasury of the Commonwealth up to April 1, 1879, by said com¬
pany, be in any way reduced or impaired. It is also agreed that in case
any other railroad company shall enter upon and perform any business
over that portion of the Troy & Greenfield Railroad run by the Fitch¬
burg Railroad Company, said other railroad company shall account for
its proportion of the amount to be returned as above, to be determined in
cose of disagreement by said arbitrators, said reduction or rebate to be
continued after January 1, 1880, until one month’s notice by either
party, or until action in the matter by the legislature. It is further
agreed that said arbitrators shall at once decide, as near as they can,
what expenses, an accurate account of which shall be kept and ren¬
dered, will be considered in the matter of cost, and upon report thereof
the manager is authorized to allow said company to return such a per¬
centage of the gross earnings as heretofore made up as may be sufficient
to cover the rebate, if any, until the award of the arbitrators is made,
and the balance shall then be adjudicated between the parties. In ease
said manager and said company cannot agree on the amount of said per¬
centage to be so returned, it shall be fixed by said arbitrators.
Kansas City Air Line Railway.—On July 5 there were filed
in the County Recorder’s office at Springfield, Ill., articles of
be
incorporation of the Kansas City Air Line Railway Company,
the object of which, it is stated, is to build and operate a rail¬
road from some point on the line of the Chicago & Alton Rail¬
road, at or near Roodhouse, Greene County, passing through
the counties of Christian, Sangamon and Macoupin. The capital
stock is $600,000, and the principal office will be located at
Springfield. The road is expected to form an important link in
the east and west routes.
road
with
Law¬
rence & Western.
When that road was sold under foreclosure
some two years ago, the section east of Lawrence was bought
by the Atchison Topeka & Santa Fe, but the Carbondale line
was not included in the purchase, and it has not been operated
Lawrence & Srtuth western.—It is reported that this
has been sold to the Kansas Pacific. It was consolidated
the St. Louis Lawrence & Denver, forming the St. Louis
since.
Lehigh Coal & Navigation Company-.—The
Philadelphia
Worth American stakes that contracts have been signed between
this company and the Nesquehoning Valley Company, by
which the Lehigh Navigation Company agrees not to take
ground that such sale is fraudulent. Among the
several bankers of New York City and parties
engaged in railroad enterprises. It is alleged in the complaintthat the principal defendants were creditors of the insolventNew York & Boston, Dutchess & Columbia and Harlem Exten¬
sion railway companies; that, for the purpose of relieving them¬
selves from the pressure caused by the insolvency of these,
companies, they concocted the scheme of making in Bondon and
other European cities, where these companies were unknown,
a temporary loan upon the pledge of such securities they held,
for whatever they could get upon them; that simultaneously^
they agreed to exchange such securities for a new railroad
bond to be devised by them, and to be secured by a new and
first mortgage upon the alleged consolidated property of the*
railway companies; that in carrying out this alleged combina¬
tion and conspiracy the defendants assumed to be a railway
corporation, under the name of the New York Boston & Mon¬
treal Railway Company; that they prepared and circulated an
untrue and deceptive report as to the prospects of the pretended
road, &c., &c. A decree is asked by the plaintiff that he and;
the others whom he represents be re-paid the amounts they
have paid for their bonds.
Northern Pacific.—In April last the directors of the North¬
others,
on
the
are
Pacific Railroad called for two million dollars to build the*
line from Bismarck to the Yellowstone, 205 miles. The entire
amount was taken up by the stockholders, and 130 miles will be
ern
completed this season. The rapid development of Washington
Territory has induced the directors to begin construction from.
Columbia River eastward to Pend Areille Lake, 200 miles.
They issued a circular in June, calling for an additional
$2,000,000. The subscription closed this week, some two hun¬
dred thousand dollars more than the entire amount having been
taken by stockholders. Construction will begin as soon as the
line
can
be located.
Mississippi.—John King, Jr., Receiver of the Ohio &
Mississippi .Railroad, has filed in the United States Circuit Court
the following statement of accounts for the month of June :
Ohio &
RECEIPTS.
$256,675-
From station agents
From conductors
From individuals, railroad companies, etc
From Adams and American Express companies
Balance July 1
4,603
45,545
712'
2,693$310,233
Total
DISBURSEMENTS.
Balance June 1
Vouchers subsequent to November,
$14,283
1
Pay-rolls
187,959
107,987
Total
$310,233
1876
i
of the 1st inst., says : “In regard
due to-day on the Ohio & Missis¬
sippi first mortgage bonds, of which the first statement was
published in the Republican last week, it may be further stated
that the courts have forbidden the payment and have ordered
that any sums reserved for this purpose shall be directed toward,
cancelling one, at least, of the $150,000 loans which the com¬
pany has made under the pledge of ‘ Springfield Bonds.’ There
would still remain, however, a second $150,000 loan made upon
the same kind of collateral, and the presumption is that this.would also be required to be liquidated before any payments of'
interest would be permitted upon outstanding bonds.”
Pacific Mail.—A judgment in favor of the city was rendered
April 28, by the Supreme Court of the United States, on a writ;
of error brought by the Pacific Mail Steamship Company. The*
judgment amounts now to $138,925 and remains unsatisfied..
The city holds a bond in $350,000 for the payment of the tax*,
but it was said that no effort had been made to collect the debt
from the bondsmen. The bond was executed October 18, 1876,
and was signed by members of the Board of Directors and
by the President of the Panama Railroad Company.
The
bondsmen are William P. Clyde, Trenor W. Park, Charles G.
Miller, Andrew Boardinan, Edward A. Quintard, Charles H..
Mount and Thomas J. Owen, Jr.
The signers of the bond given to the city were secured by a
mortgage on either the steamship Tokio or Peking, the other
having been mortgaged to secure an unpaid indebtedness of
The St. Louis Republican,
to the default of the interest
•
68
THE
CHRONICLE
[Vol. XXIX.
about $300,000 to the Panama Transit Company. The remain¬ fore asks to be allowed to come in and
protect his interests, and
ing vessels of the company were transferred to the Panama help in pushing the litigation to a close.
Railroad Company to secure the liabilities of that company.
Application was made to Judge Drummond, and after some
Pennsylvania State Bonds.—A press despatch of July 17 argument an order was made refusing the petition for the
present, but without prejudice. It was, however, ordered that
says: “ The supposed over-issue of State bonds is fully explained
all the testimony taken by witnesses shall be closed
by the first
by the discovery, by the investigating committee, of the coupon
book kept in the State Treasury, but supposed heretofore not Monday of September, and the Master shall make his report
thereon by the 1st of October. Charles P.
to have existed.
Lotting, of 52 Wil¬
By this book it appears that $5,000,000 in liam
street, is to be appointed special examiner, and any of the
bonds were issued of the date of 1852 and $500,000 of the date
of 1853.
These bonds were placed in the hands of the Girard parties in interest before the Court shall have the right within
Bank and $5,400,000 returned as sold, and a receipt given to J. the time designated to take testimony before him touching the
Bailey, State Treasurer, for the remaining $100,000. The subject matter of controversy, subject to the 67th rule in
quity.
receipt remained in the Treasury until 1858, when Henry S.
—Notice is given that the Farmers’ Loan & Trust
Magraw, then State Treasurer, demanded the return of the
Company
bonds. The bank, or its president, returned, instead of the in New York will pay on and after July 21 the sum of $21 92
bonds of 1853, $28,000 in money, $51,000 of the bonds of 1853, on each $1,000 Eastern Division bond, $21 68 on each $1,000
and $21,000 of the bonds of 1852, making a total of $100,000. Western Division bond and $13 14 on each $1,000 Burlington
Division bond. The sums are equivalent to the interest which
The Auditor General's office at that time
appears to have not
noted the fact that $21,000 of the bonds were dated 1852, but would have fallen due April 1 on the new bonds to be issued
under the plan of reorganization
credited them to the loan of 1853, thus making
the loan of 1852
$5,000,000 and 1853 $426,000, instead of 1852 $4,979,000 and
Washington City Virginia Midland & Great Sonth.—
1853 $449,000. Thus the apparent over-issue is
simply more Orange & Alexandria.—The committee appointed at a meeting
of the issue of 1853 and less of the issue of
of the
1852,
balancing the other.”
one
bondholders of the W. C. V. M. & G. S. RR.
amount
held
June 26
on
meeting on July 11, and adopted a report upon a scheme
for reorganization, modifying
Peoria Pekin & Jacksonville.—A press despatch from
the^; original scheme in eleven
Peoria, Ill., July 10, says: “ General W. Swayne, solicitor of the points, as follows :
First—The interest on the first and second
Wabash Railway, filed a petition in the Circuit Court,
Orange & Alexan¬
to-day, dria from July 1, 1879, to
July 1, 1880, is to be funded in the
asking for the removal of John Allen from the receivership of new bonds to
be issued.
a
.
the Peoria Pekin & Jacksonville Railroad. It is done in the
interest of parties owning the P. P. & J. bonds, and who are also
interested in the Wabash.”
Rome Watertown & Ogdensburg.—The Boston Advertiser
says: “It is reported that negotiations were concluded on Wed¬
nesday between the Rome Watertown & Ogdensburg and
Great Western Railroad Companies for
building a bridge across
the Niagara river at Lewiston, with a capital of
$1,000,000.
The bridge will be 300 feet long, and will cost $300,080. A new
east and west line, independent of all
existing competing roads,
and particularly of the New York Central, will thus be
opened,
and the Rome Watertown &
Ogdensburg Railroad becomes an
important link between west New England.
It* connnects
with the Vermont Central at Rouse’s Point, and thence with
Boston and all northern New England.”
St. Francisville & Lawrenceville.—Articles of
incorpora¬
tion of the St. Francisville & Lawrenceville Railroad
Company
have been filed in the office of the
Secretary of State of Illi¬
nois. The company has a capital stock of
$100,000, and its
object is to construct and operate a railroad from a point at or
near St. Francisville, Lawrence
County, Ill., to a point at or
near Lawrenceville, in the same
county, the principal office
of the corporation to be situated at
Cairo, Ill. J. Pierpont
Morgan is President, and the directors are : Charles E. Tracy,
of New York; W. P.
Halliday, Roswell Miller and F. W. Fitch,
of Cairo, Ill.
Second—Interest on the third Orange & Alexandria is in¬
creased from 5 to 6 per cent after the
expiration of five years.
Third—The interest on the fourth
Orange &. Alexandria
bonds is reduced from 4 to 3 per cent for the first ten
years, 4
cent for the next ten years, and 5 per cent for the remaining
twenty years.
Fourth^—The mortgage to be made to secure the new
bonds,
issued in lieu of the Orange Alexandria & Manassas and Manassas
Gap bonds, is to cover all the interest of the new company in
the lease of the road from Strausburg to
Harrisonburg, made
by the Baltimore & Ohio Railroad Company, thus pledging the
rental of that road to the payment of the interest
upon this
per
class of new bonds. Fifth—The interest upon the new bonds issued in lieu of the
Lynchburg & Danville bonds is at the rate of 4 per cent for
eight.years, instead of that rate for five years.
Sixtn—The first preferred stock is to include half of the inter¬
est to
July 1, 1879,
upon
the fourth Orange & Alexandria bonds
and half of the principal of the second
Orange Alexandria &
Manassas bonds and half of the interest thereon
up to the same
date, in addition to the three items of interest which, by the
original scheme, constituted the first preferred stock. The
second preferred stock is reduced
by the amounts thus trans¬
ferred to the first preferred stock. The
preferred stock is to
receive an 8 per cent dividend instead of a 6
per cent, but 4 per
cent is to be paid to the first
preferred stock, and' then 4 per
cent to the second preferred stock, and the residue of
St. Paul & Duluth—At a meeting of the board of directors
this road, held in Philadelphia
July 17, Messrs. George
Whitney, Edward W. Clark, Edward A. Rollins and Charles
H. Clark resigned from the board of directors on account of
having parted largely with their interest in the road, and to
fill the vacancies thus created there were elected
Messrs.
David Dows, R. P. Flower, Jeremiah Milbank and Peter Geddes, of New York, who, with John P. Isley, President, and Wm.
H. Rhawn, Vice-President, of Philadelphia, James
Smith, Jr.,
and John Q. Adams, of St. Paul, and Charles H.
one
year’s dividend is to be divided equally between the twoany
classes
until each receives an 8 per cent dividend.
Seventh—The common and preferred stock of the
companies
is to be represented by stock in the new
companies upon a basis
of $100 stock of the new for $500 of stock of the old
companies.
Eighth—All interest upon interest of coupons is stricken out
Duluth, constitute the present board of directors. The road
will be operated independently, as
heretofore, and will not be
mortgages to secure the
burg & Danville bonds.
of
Graves, of
controlled by
reported.
the Chicago & Northwestern,
as was
erroneously
Tennessee
Bondholders.—Nashville, Tenn., July 15.
Attorneys for holders of Tennessee bonds have filed a bill
against the Nashville & Decatur Railroad, praying for an
injunction to restrain the Louisville & Nashville & Great South¬
ern Railroad from
paying interest on the stock of that road, as
they are pledged to do by lease, until the case is disposed of
The suits of the Northern holders of Tennessee bonds
against
the various Tennessee railroads will be heard
by Judge Stone at
the request of Judge Swayne, who was to have heard
them, but
who has gone to Europe.
Toledo Peoria & Warsaw.—The Chicago
~^*v.ago Tribune reports
that in the cas?. of Secor & Tracy vs. The Toledo Peoria &
War
saw Railroad Company, Charles E. Whitehead
has filed a
-
—
-"
•
peti¬
tion, stating that, as agent, and trustee for various
parties,
chiefly residing in the Netherlands, he had received 802 of the
Jidated mortgage bonds of the railroad. About the 13th
consol
of June, 1877, theliolders of the various
mortgage bonds formed
a plan for reorganization, and
appointed a purchasing commit¬
tee of H. J. de Marez Oyens, M. K.
Jesup, R. C. Martin, W. L.
Putman, and Henry Hill, who were directed to go on with the
foreclosure suit and push it to a decree,
buy in the property,
and reorganize the road. A first mortgage for
$4,500,000 was
then to be issued to take up the Eastern Division bonds to
the
amount of $1,600,000, the $1,800,000 of Western Division
bonds
and $250,000 of the Burlington bonds. A second
mortgage
was also to be made for $3,900,000 with which to
take up the
consolidated bonds. Siuce that time,
however, the committee
have been very slow in pushing matters, and have
wasted time
in taking evidence on collateral issues. Mr.
Whitehead there¬
of the scheme.
Ninth—The new road to be constructed
by the Charlottesville
& Rapidan Railroad Company, from Charlottesville
to Orange
Court House, is to be covered by
new
all the mortgages except the
Lynch¬
bonds issued in lieu of the
Tenth—The new company is to assume the lease of the
Franklin & Pittsylvania Railroad
Company, and all interest in
the lease is to be covered by a
mortgage made to secure the
new bonds issued in
place of the Lynchburg & Danville bonds.
Eleventh—The trustees are authorized to borrow such sums
of money as may be needed for the
purchase of the road and
the other purposes of the trust
upon the credit of the property
which they purchase. Vacancies in the board are to be filled
by the trustees.
'
^
—Attention is called to the card of Messrs. James M. Drake &
Co., bankers, 21 and 22 Drexel Building, Wall street, New York.
This firm is well known in the “ street,” Mr. J. M. Drake
having
been a member of the New York Stock
Exchange for upwards
of twenty-seven years, and giving his personal attention to
business intrusted to the firm.
bonds and stocks, U. S.
They buy and sell railroad
Governments, State, City, and all other
negotiable securities, on commission.
invited to give the firm their orders.
Investors and others
—The stockholders of the St. Louis & San Francisco
Company by
are
Railway
than a two-third vote, at St. Louis,
approved the purchase of the Missouri & Western R. R. and
also the building of the St. Louis & Wichita Road—a distance
of 140 miles from Oswego to the latter
point. This will connect
more
the St. Louis & San Francisco with the Atchison
Topeka & Santa
Fe at Wichita, and give the St. Louis & San Francisco Co. a
line of about 600 miles of road. The Missouri & Western Road
is
already completed, equipped and in operation.
Mining Co. promptly announces
—The Homestake
dend for June (No.
Fargo & Co.’s
on
its divi¬
7) of 30 cents per share, payable at Wells,
the 25th. The transfer books close to-day.
t
July
IP, 1879
THE
]
OOTTON,
3£lte ©ownxcrciitt jinxes.
Friday, P. M., July 18, 1879.
.
The Movement of the Crop, as indicated by our telegrams
from the South to-night, is given below.
For the week ending
this evening (July 18), the total receipts have reached 2,809
COMMERCIAL EPITOME.
Friday Night,
68
CHRONICLE
July 18, 1879.
bales, against 3,032 bales last week, 3,637 bales the previous
week, and 6,293 bales three weeks since; making the total
receipts since the 1st of September, 1878, 4,430,381 bales, against
4,252,333 bales for the same period of 1877-8, showing an increase
since September 1, 1878, of 178,048 bales.
The details of the
receipts for this week (as per telegraph) and for the corresponding
weeks of four previous years are as follows:
past week has been notable as a period of intense heat
parts of the country, followed by destructive storms
—the excessive heat and the storms being alike attended with
considerable loss of life. Yellow fever has again appeared
at Memphis, and much alarm is felt lest it shall become epi¬
1875.
1876.
1877.
1878.
1879.
Receipts this w’k at
demic in Southern cities. Business has suffered from all these
409
736
2,238
408
New Orleans
1,248
causes and the recurrence of yellow fever has tended to unset¬
271
85
219
220
195
Mobile
tle prices of cotton and provisions. Generally speaking, how¬
222
344
247
460
43
Charleston
150
93
23
ever, trade is very fair for this season of the year, and confi¬
Port Royal, &c......
228
332
285
660
218
8avannah
dence in the future is strong.
167
449
197
296
108
Galveston
The provision market has latterly shown much depression,
14
20
Indianola, &c
due to further declines and a general disposition on the part of
800
681
564
593
1,656
Tennessee, &c
5
holders, both Eastern and Western, to relieve themselves of the Florida
15
47
81
38
118
33
North
Carolina
heavy supplies ere the yellow fever become more disastrous.
492
759
590
484
148
The eagerness to sell caused some activity in transactions. Norfolk
38
23
21
51
To-day, there were further declines and much irregularity: City Point,&o..
5,042
3,676
2,513
3,782
2,809
Total this week
new mess pork sold on the spot at $8 90@9 25; August options
were sold at $S 75, and September at $8 90@S 95.
Lard sold on Total since Sept. 1. 4,430,381 4,252,333 3,952,838 4,075,817 3,470,283
the spot at 6‘05c. down to 6c. for Western ; for future delivery,
The exports for the week ending this evening reach a total of
.sales of July at 6@5‘97/£c., August 6-02^@5‘95c., September at
16,516 bales, of which 15,258 were to Great Britain, 400 to
6*10@6*02^c., and October at 6,12^@6*10c. ; refined, for the France, and 858 to rest of the Continent, while the stocks as
Continent, sold at 6*40@6*42%c. Bacon was in better sale at made up this evening are now 145,185 bales. Below are the
lower prices ; long clear, for prompt arrival, quoted at 4*40c.; stocks and exports for the week, and also for the corresponding
week of last season:
short, 4’60c. Butter and cheese have been in good, steady sale
STOCK.
EXPORTED TO—
Total
Same
Week
at late prices.
Tallow unchanged.
Week
this
Conti¬
ending
Great
1879.
1878.
1878.
The raw sugar market has shown further advances, and a
Week.
France.
nent.
July 18. Britain.
liberal movement until the close, when a quieter state of affairs
Tlie
in various
•
m
m
....
mm
....
....
....
....
....
•
....
....
...
reported, and the tone lost its previous buoyancy.
refining Cuba, 6%@6 ll-16c.; good, 6%@6 13-16c.
was
Receipts since July 1, 1879
HMs.
Boxes.
32,143
7,543
Bags.
32,369
Fair
Melado.
2,466
1,510
4,242
1,625
6,492
19,460
28,376
668,535
85,085
69,025
11,G68
154,252
Refined in fair sale and firm; standard crushed, 8%@8%c.
Rice has sold in a good jobbing way at full figures. Molasses,
Sales since
Stock July 16,
Stock July 17,
1879
1878
32,690
4,112
N. Orl’ns
Mobile..
•
OliarPt’n
•
•
Galv’t’n-
....
Norfolk-
....
....
....
....
....
....
....
....
....
....
400
800
9,903
58
2,501
8,703
N. York.
4,126
4,112
....
....
....
8avan’li.
....
....
•
1,549 107,474
1,628
18,000
12,500
•
•
.
•
....
2,443
Other*..
—
1,743
520
1,353
2,511
93,202
....
....
....
806
115 \
....
a
15,612
11,562
2,337
325
2,326
1,497
Tot. this
6,000 145,185 128,001
400
858
16,516
week..
15,258
though rather quiet, remains steady; Cuba 50-test refining,
25@25/£c.
Rio coffee has latterly been less active, but figures Tot.8ince
remain firm at ll?£@14%c. for ordinary to prime cargoes,
Sept. 1. 2040,012 413,967 917,831 3371,810 3300,220
including fair at 13%c. Stock here in first hands on the 16th
The exports this week under the head of “ other ports” include, from Balti¬
more, 335 bales to Liverpool and 58 to the Continent; from Boston, 1,986 bales
inst., 63,930 bags.
Mild grades closed quiet, but uniformly to
Liverpool; from Philadelphia, 122 bales to Liverpool.
firm; Maracaibo ll%@16/£c.; Java, 22@25e.
From the foregoing statement it will be seen that, compared
The market continues quiet for tobacco.
The sales of with the corresponding week of last season, there is an increase
Kentucky for the week are only 766 hhds., of which 394 for | in the exports this week of 10,516 bales, while the stocks to-night
are 17,184 bales more than they were at this time a year ago.
export and 372 for home consumption. Prices are without
In addition to above exports, our telegrams to-night also give
important change; lugs quoted at 3%@5j%>c., and leaf 6@14c. us the following amounts of cotton on shipboard, not cleared, at
The movement in seed leaf amounts for the week to only 745 the ports named. We add also similar figures for New York,
which are prepared for our special use by Messrs. Carey, Yale &
cases, as follows: 300 cases 1877 crop, New England, ll@20c ,
Lambert, 60 Beaver street:
150 cases 1878 crop, New England, private terms; 147 cases
On Shipboard, not cleared—for
1877 crop, Pennsylvania, private terms; 42 cases 1878 crop
Leaving
July
Coast¬
18,
at—
Other
Liver¬
Ohio, 10c.; and 106 cases 1876 crop, ■Wisconsin, 10c. The sales of
Stock.
Total.
France.
wise.
Foreign
pool.
Spanish tobacco embraced 500 bales Havana at 80c.@$l 15.
Ocean freight room for grain accommodation has been in
491
None.
11,000
None.
491
None.
New Orleans
active request; vessels to arrive have been taken at higher Mobile
None.
None.
2,337
None.
None.
None.
90
25
25
None.
None.
None.
rates, and tonnage on the spot has also advanced. Petroleum Charleston
50
1,693
50
None.
None.
None.
vessels are quiet. Late engagements and charters include : Savannah
None.
None.
2,326
None.
None.
None.
Grain to Liverpool, by steam, 6M@(>/6d.; provisions, 25@30s.; Galveston
None.
*3,260 104,214
None.
260
New York
1,500
18,128
flour to London, by sail, Is. 9d.; grain to Hull, by steam, 6/£d., Other ports
500
1,500
None.
None.
1,000
60 lbs.; bacon, 27s. 6d.; grain to Glasgow, by steam, 5/£d., 60
575
260
5,326 139,788
None.
Total
2,991
lbs.; grain to Cork, for orders, 4s. 6d., 4s. 9d.@4s. 10^d.@
......
*
.
.
latter long lay days; do. to direct port, United
Kingdom, 4s.; do. to Aitona, 4s. 6d.; refined petroleum to
Bremen, 2s. 10^d.; do. to Antwerp or Bremen, 3s.; do. to the
German Baltic* 4s.; cases to Alexandria, 27^c.; do. to Beyroute, 30c.; do to Angiers, for orders, 35c. To-day, rates under¬
Grain to Liverpool, by steam, to fill,
went a further advance:
6d., 60 lbs.; regular rate quoted, 6^@7a.; grain to London, by
steam, 7d.; do., by sail, 6^d., 60 lbs.; grain to Cork for orders,
5s.@5s. l/6d.@5s. 2d.; case oil to Bombay, 33c.
The naval stDre market has been devoid of new or interesting
features; business has been dull and prices on the wane.
Spirits turpentine, 27%c.; common to good strained rosins,
•$1 30@1 32^. Petroleum has remained steady, though the
movement has been limited; refined in barrels, for September
delivery, sold to-day at 6%c. American pig iron is quiet but
firm, while Scotch pig has been more active, fully 1,400 tons
having been sold, part to arrive. Steel rails are m extensive
request at full figures. In tbe past few days 17,000 tons have
been sold for winter delivery, part at $45, There are negotia¬
tions pending for the sale of fully 100,000 tons for next, year’s
delivery, which will be consummated in a few days. There
were afso sales of 12,000 tons old iron rails, quoted at $24(8)24 50.
Ingot copper is quiet, at 16>6@16Me. for Lake.
Whiskey
-nominal, $1 06^@1 07.
5s. 3d. per qr.,
Included in this amount there are 1,500 bales at presses
destination of which we cannot learn.
*
The
following is
cotton at all the
8EPT.
1878.
SINCE
1.
1877.
1171,847 1367,632
Mobile. 361,637 412,243
N.Orlns
Char’n*
8av’h..
Galv.*.
N. York
Florida
N. Car.
Norf’k*
Other..
514,298
705,128
562,758
147,561
56,435
135,000
559,192
213,716
Thisyr. 4427,572
Last year.
usual table showing the
ports from Sept. 1 to July 11,
RECEIPTS
Ports.
our
457,750
596,053
445,759
143,401
14,284
143,129
506,777
161,523
......
for foreign ports, the
movement of
the latest mail dates:
EXPORTED SINCE SEPT. 1 TO—
Great
Britain.
France.
Other
Foreign
Stock.
Total.
667,730 218,499 347,326 1233,555 17,549
2,382
57,954 35,583 29,677 123,214
117
383,693
176,143
150,410 57,140
1,685
461,786
232,677
23,646
205,463
2,259
223,518 59.478 64,010 347,006
246,055 13,995 24,920 284,970 122,817
135
15,858
1,967
13,756
198
65,111
2,050 18,589
44,472
1,867
713
199,640
5,098
193,829
496 18,398 240,461 18,500
221,567
•••••«
2024,754 413,567 916,973 3355,294 167,374
4248,551 2117,875497.301
679,044'3294,220 146,556
the head of
Included City
Under the head of Charleston is included Port Royal, &c.: under
Galveston is included Indianola, &c.; under the head of Morfolk. is
*
Point, &c.
*
•
0
THE CHRONICLE
5
xxix.
Tlie market the past
Cts.
Bales.
Cts. Bales.
For February.
Cts.
week has been moderately active for cot¬ Bales.
1.700
...16-91
400...
300.
,.10-85 Bales.
CtS.
being a fair demand for home consumption,
1.400
10-85
2,100...
700....
10-87
300,;...
...10-93
with some export and speculative inquiry.
1,500
200:'.
500....
10-88
200
11 00
There was a decline
...10-94
1,900
500...
700
100
of 1-16c. on Monday, and again on Tuesday,
...10-9)
carrying Middling 2,100
1,100...
100,...
10-90
...1096
300
1,400...
600
Uplands down to 12 1-lGc., and to-day there was a further decline 1,200..
1,800
600.
1,400...
of 3-16., to U|c. for Middling Uplands,
...10-98
500...
leading to some business 1.900.
600....
10-94
For March.
...10-9y
400
1,300
for export.
10-5^2
300....
500
1 here is a strong disposition to close out stocks. For
11-12
...11-00
1,100
700
...10-93
100....
200
...11-13
future delivery, there has been a feverish and variable market.
100...
...1101
900...
oo....
100
11-14
800
...11-02
600...
10‘95
There was a decided advance on Saturday, on the report that the
100....
10-98
100.
.1115
100.
1096
100..
10-99
600..-.
11-18
growing crop had been injured by drought, but the advance was 22,600
500...
no....
200
11-lft
300... .......10-98
lost on Monday under reports of rains in the Atlantic States.
100....
For December.
200.
1102
1,700
13,600
On Tuesday, the Bureau report,
200
10-81
although only down to July 1,
1.300
10 82
For January.
5.600
repeated the drought accounts, and gave in general a lower con¬
1,000
500...
dition, and there was a fresh advance ; but it was again lost on
The following exchanges have been made
Wednesday, under reports of rains in several States and very
during the week r
*04
unfavorable reports from the English
pd. to exch. 100 Dec. for Nov.
•02 pd. to exch. 200 Sept,
for Aug.
manufacturing districts.
•01 pd. to exch. 400 Sept, for Aug.
•80 pd. to exch. 300 Oct. for Sept.
Yesterday, there was a variable market. The early months opened
The following will show the range
lower, rallied, and again declined ; the later months maintained
of prices paid for futures,
and
the closing bid and asked, at 3 o’clock P.
a somewhat
stronger position.
M., on each day in
Yesterday, great irregularity
prevailed—the early months declining under the anxiety of the past week.
holders to realize, and the later months
advancing on the weather Futures
Saturday.
Monday.
Tuesday.
reports indicating very little relief to the drought at the South.
Market.
Variable.
*
To-day, the early months quite broke down, but rallied a little
Lower.
Higher.
on the yellow fever
reports from Memphis. The later months
also declined, under reports of pretty general,
For Day.
Closing. For Day.
though light,
Closing. For Day. Closing.
rains at the South, but did not attract much
speculative interest.
The total sales for forward delivery for the week are
High. Low. Bid. Ask High. Low. Bid. Ask High. Low. Bid. Ask
395,700
12-19
12-22
1209-1209 12*09 10
12*02 1216 17
bales, including — free on board. For immediate delivery the July..
total sales foot up this week 5,914 bales,
12-18-12-12 12*13 14 12*23-12*05| 12-21
including 1,330 for export, August. 12-27-1212 12-24
3,976 for consumption, 608 for speculation, and — in transit. Of Sept’b’r 12-20-1207 12-22 23 12-24-12-10 12T2 13 12*21-12*04 12-20 21
October 11-37-11-21 11-32 33 11-28-11-23 1 L*25 20 11-35-11*20 11-34
the above, — bales were to arrive.
The following tables show Nov’ber
11-02-10-03 10 99 t 10-95-10-90 10*93 94 1102-10-87 11 02 03
the official quotations and sales for each day of the past week:
Dee’ber 10-98-10-94 10-95 90 10-91-10-87 10-88 90 10-98-10*83 10-97
98
ton
t-lie spot, there
on
..
..
....
..
rt..
...
..
..
.
..
.
...
.
.
.
..
..
.
001.824352.1361457.91
July 12 to
July 18.
Ordiu’y.$Ib
BtrictOrd..
Good Ord..
Str. G’d Ord
Low Midd’g
Btr.L’wMid
UPLANDS.
Sat.
10*4
1118
11^2
11*4
lOiiie
11*16
nUc
11**16
11**16
1178
Sat.
lOSg
1078
11
11%
11*8
11*8
11*4
11*8
1178
11*^16
12
11%
Ordin’y.^fi) 1058
Strict Ord.
Good Ord..
Btr. G’d Ord
Low Midd’g
Btr.L’wMid
Th.
10^8
11
11
11*8
11*8
11*58
11*4
1158
11*4
Frf.
107i6
10**16
113*6
117*6
H°16
H1B!6 11*516 11%
Wed
10*4
Til.
11*4
10%
Ills
1112
11%
1178
1178
1118
11*2
12*16 !2*i6 1178
12* l6 12*16 12
Good Mid.. 12*8
12*8
12*16 1212 1212 12*16
Btr. G’d Mid 125g
125q
12716 12%
12%
129ie
Midd’g Fair 13*16 13*16 13*8 13716 137i6 13%
Fair.l
131616 13**16 13*4
14*-i6 14*16 1378
Middling... 121i6 121i6 1178
STAINED.
Sat.
Good Ordinary
Strict Good Ordinary
Low Middling
10**i6 10%
11*8
11*2 '
11**16 11*2
1j.»]6
12
11**16 1178
12*8
12*16
12%
12*16
I2«ie 12*2
12**16 12 34
13%
13716
14*8
14*16
12*16
12°16
125s
127g
13916
14*16
Wed
109i6
10*»i6
115*6
U®16
11**16
Mon. Tnes
11*8
1178
Frf.
Til.
FrI.
10%
11*8
11*2
11*2
10*4
11*8
11*2
11*2
109j6
10*516
1178
1178
H1*16
ii*ie
1
l9|6
12*16 12*16 1178
12*16 12*16 12
12*2
12%
!2**6
12*4
12%
12916
137i6 137i6 13%
14*16 14*16 137s
Mon •Tnes Wed
Th.
FrI.
$ lb. 10**16 1078
10*316 10**16 10**16 105s
H*16 11% 11316 11*16 11316 11
11*8
11916 11*2
11*2
11*2
115*6
1178
11*3i6 1134 11*4
11%
U9i6
Middling
MARKET AND SALES.
SALES OF SPOT AND TRANSIT.
SPOT MARKET
CLOSED.
Ex¬
Spec- Tran¬
sit.
Total.
000
717
847
430
005
849
522
1,330
3,970
200
214
310
.
.
....
.
717
02
100
370
....
Deliv¬
eries.
Sales.
50,700
49,700
70
....
008
....
Cts.
Bales.
1201
800
400
1 700
—
Wednesday.
Market.
Lower.
For
“
Day.
...
s.n.
Closing.
High. Low.
1208-1203 12-02
1200
—
—
Cts.
..12-26
....
...
Thursday.
Friday.
Irregular.
Lower.
For
Day.
Closing.
Sept’b’r 1212-1203
October 11-28-11-22
Nov’ber 10-9210-88
Dec’ber 10-89-10-82
Jan’ry. 10-9210-87
Feb’ry.
March..
—
-
—
—
-
—
—
—
_
—
Day.*
Closing.
12< )5
—
—
11-S 5
Steady.
To 2 P. M.
_
11*75
01 12*02-11*75 11*85
— 12*03-11-80 11*84
— 11-32-11*16
11*18
—
10*98-10-83 10*86
90 10-95-10-81 10*84
93 10-97-10-94 10*88
02 11*03
—
10*93
17
10*08
—
07 12-08-12-00 12*00
12 04 05 12-08-12-00 12*01
11-23 — 11-31-11-19 11*27
10-89 90 10-99-10-91 10*94
10-83 85 10-94-10-85 10*83
10-86 87 10-90-10-88 10*91
10-95 97
11*00
1108 12 11*18-11*12 11*15
—
Tr. ord.
Closed.
*
For
Low. Bid. Ask High. Low. Bid. Ask
12-08-11 94 11*94 95 11*83-11-75 1180 81
—
August. 1212-1205 12-06
-
—
86
85
19
87
85
90
97
12
11*8 5
Steady.
Steady.
111*00
The Visible Supply
of
Cotton,
as
made up by cable and
telegraph, is as follows. The Continental
of last Saturday, hut the totals for Great
for the Continent
stocks
are the
figures
Britain ar.d the afloat
this week’s returns, and
consequently
brought down to Thursday evening; hence, to make the totals
the complete figures for
to-night (July 18), we add the item of
exports from the United States, including in it the exports of
Friday only:
are
Total Great Britain stock
Stock at Havre
1,700
Bales.
—
Bid. Ask High.
5,914 395,700
Cts.
—
.
Futures
July
-
—
Stock at
....11-87
400.
1,000
12 02
200 e.n.«d. 11-75
1203
....11-89
187,200
100
11-75
700
12-04
1,000
.11*90
200
11-70
12-05
1,100
....11-91
For .October.
100
11-83
7,700
12-06
(5,100
100
11-16
100.,..
12 02
12-07
4,700
....11*93
200
.11-17
100
12-03
5,000.,.
12 08
2.200
600
11-18
100 e.u.9th 12 00
12-0.< .
200 2
....1196
..0
0
4
...1119
400
12-00
12 10
700....
11-97
7,000....,
11-20
100
12 07
1,000
12 11
2,800
...11-98
2.500
...11-21
200
.12-08
.12 12
3,800
5,100.
...11-22
200
1209
2,100
1213 .
5500 6
1200
...0
0
7
11-23
300
1219
12-14
3,200
1201
3,300.....r..... 11 24
12 15
6,800
la-02
6 900
11-25
2.900
2.400
1216
9,400
12-03
3,800...
....11-26
4200
1217
6 800
12-04
7,500.
...11-27
For August.
700
12-18
12-05
7,200
....11-28
100.
11-75
12-19
12 06
5,300
...11-29
600.
1176
2,000
12-20
12-07
3 400
11-30
800
ll-,8
1,800
.12 21
3 800
12-08
2,200.
11-31
800
11 70
1,000
12-22
2,100
12 09
3,500
11-32
800
11-80
600
12-23 11,700
12-10
100
11-33
100
11-81
1,100.
1224
7,100
1211
2,200
11-34
2,100....
11-83
1,800
12-25
12-12
2,500....
11-35
100
11-84
800
12-26
4;400.
....12--13
1.400
11-36
400
11-85
12 27
3.400...
5214
S00
11-37
000..
.11-86
7,900
12-15
11 88
7.800
1216
76,100
1,600
11-69
2,-<00.....
4,*00
1100
For September.
2 400
12-18
For November.
500
11-9L
11-80
4,300
12-19
600
10-83
200
11-92
1,000
11-81
2.000
12-20
2,000.
10 85
100.
11-96
1,000
11*82
1,200
1221
600
10-86
000
,11-97
800
11-83
1,700....
12 22
200
.10-87
1.100 ..v.,..i.ll-Os
2,*00
11 84
2,900
12*23
400
10-88
11-99
3,000
11-85
3,100 ....
12-24
1,100
10*89
100
*3,600
12\0
11-86
l,90t)
12-25 I
—
300
delivery the sales have reached during the week
395,700 bales (all middling or on the basis of middling), and the
following is a statement of the sales and prices :
Bales.
2.400..
-
04,GOO
1,198 111,200
53,400
00,100
For forward
For J uly.
Bales.
Cts.
100 s.n. 2tstll*75
_
—
Stock at Marseilles
Stock at Barcelona
750
1,291
849
....
—
400
300
400
300
1,109
....
1100-10-92 11-00 02 10*95-10*92 10-92 94 11*02-10*89 1101 02.
11-09 11
11-00 05
11*00 11*10 12
11-18 21 11-15-11-13 11-10 15 11*19
—
11*22 24
Tr. ord.
12-25
1210
12*20
Closed.
and
Quiet
steady.
Steady.
Firm.
FUTURE8.
-
Bat.. Quiet
Mon
Quiet, at *i6 dec.
Tnes. Quiet, st’dy,ii6d.
Wed Easy
Thurs Dull
Fri.
Quiet, at *i6 dec.
Total
Con-
port. sump. ul’t’n
—
.
Feb’ry..
March
.
11%
..
Wed
Jan’ry
TEXAS.
107s
11**16 1178
12*16 12
11**16 12*16 12*8 12*16
Middling... 12*16 12ie 12*16 12*16 12% 12316
Good Mid
12Lj
12716 12*8 125g 129ie 12 *2
Btr. G’d Mid 12%
12Hi6 12*8 1278 121*i6 12%
Midd’g Fab- 13710 13*8 135i6 13
13*2
!37*6
Pair
14716 14
131&16 H°16 1418 14*16
—
—
Mon Tnes Sat.
10**16 10 34
11*16 1118
U916 11*2
—
—
NEW ORLEANS.
Mon Tues
—
.
.
Hamburg
Stock at Bremen
Stock at Amsterdam
Stock at Rotterdam
Stock at Antwerp
Stock at other conti’ntal ports.
Total European stocks..
India cotton afloat for Europe.
Amer’n cotton afloat for Eur’pe>
..
Egypt,Brazil,&c.,aflt forE’r’pe>
Stock in United States ports
8tock in U. 8. interior ports...
United States exports to-day..
..
1879.
1878.
1877*
1876.
566,000
44,000
709,000
11,750
958,000
37,000
993,000
010,000
98,750
2,250
37,000
3,500
27,250
36,750
720,750
186,750
6,000
995.000 1,039,500
209,750
170,000
7,500
8,000
70,000
83,500
17,750
13,250
34,000
7,000
41,750
46,500
73.750
1.000
None
51.000
9,750
6,500
47.500
6,500
24,000
15.750
59,750
63.500
15.250
18.250
22,000
213,000
366,750
401,250
453,500
11.500
7,750
823,000 1,087,500 1,456,250 1,493,000
322,000
251,000
339.000
403.000
70.000
77,000
138,000
142,000
12.000
10,000
20,000
27,000
145,185
8.343
3,000
128,001
8,547
4,000
204,237
.
*
217,250
30,198
2,000
15.415
2,000
....
...
..
..
..
,
...
....
....
Liverpool stock
Continental stocks
‘
American afloat for Europe
United States stock
United Slates interior stocks..
United States exports to-day..
429,000
170,000
76,000
145,185
8,343
3,000
566,000
311,000
77,000
1128,001
8,547
4,000
618,000
377,000
138,000
204,237
571,000
336,000
142,000
217,259
30,198
2,000
15,415
2,000
..
.
..
...
86^000
1,389,528 1,566,048 2,174,902 2,314,457
descriptions are as
Of the above, the totals of American and other
follows:
American—
....
‘
Total American
East
Indian, Brazil, dc.—
Liverpool stock
London stock
Continental stocks
India afloat for Europe
Egypt, Brazil, &c., afloat
Total East India, &c
Total American
831,528 1,094,548 1,354,652 1,298,457
137,000
44,000
43,000
322,000
12,000
143,000
11,750
55,750
251,000
10,000
340,000
37,000
84,250
339,000
20,000
422,000
46,500
117,500
403,000
27,000
558,000
471,500
820,250 1,016,000
831,528 1,094,548 1,354,652 1,298,457
...
,
:
It-90
*
Total visible
supply—
Price Mid. Upl., Liverpool
.1,389,528 1,566,043 2,174.902 2,314,457
6%d.
•
6^.
6%d.
•
•
1
5%d/
JULY 19,
These
THE
1879,1
figures indicate a (increase in the cotton in sight to-night
compared with the same date of 1878, a de¬
of 785,874 bales as compared with the corresponding date
of 1877, and a decrease of 924,929 bales as compared with 1876.
of 170,520 bales as
*
crease
At the Interior Ports the movement—that is the receipts
and shipments for the week, and stocks to-night, and for the
corresponding week of 1878—is set out in detail in the following
Week ending
July 18, ’79.
Receipts Shipm’ts
Augusta, Ga
Montgomery, Ala
Selma, Ala
Memphis, Tenn..
N ashville, Tenn..
Total, old ports.
Dallas, Texas....
Jefferson, Tex....
Shreveport, La
Vicksburg, Miss
Columbus, Miss..
Eufaula,Ala.*
Griffin, Ga.*
Atlanta, Ga.*,...
Rome, Ga
Charlotte, N. C.*.
St. Louis, Mo
Cincinnati, O
36
89
6
11
61
386
180
83
3,546
Stock.
Week
ending July 19, ’78.
Receipts Shipm’ts
2,198
354
824
289
Stock.
533
2,112
149
498
652
7
2,443
1,132
81
11
69
26
458
31
286
4,430
8,343
1,030
2,830
8,547
10
io
10
45
46
10
8
175
10
30
78
55
Columbus, Ga....
Macon, Ga
-
2
226
83
....
78
32
..
.
io
1,362
95
1
167
127
303
10
50
25
500
162
300
2
10
4
25
235
597
35
2
104
6
47
660
4,356
1,067
Total, new p’rts
1,003
Total, all
1,289
,
77
145
49
1,090
1,877
2,962
586
647
i
....
123
71
7
24
87
5
56
217
96
971
217
317
1
6
....
1,184
112
26
42
301
812
5
83
886
959
1,745
3,155
2,022
7,185
1,528
2,225
6,947
6,452
15,528
2,558
5,055
15,494
....
1
Estimated.
The above totals show that the old interior stocks have
decreased during the week 4.144 bales, and are to-night 204
bales le9S than at the same period last yeai.
The receipts at the
Bame towns have been 744 bales less than the same week last
year.
'
Receipts
from the
Plantations.—The following table is
prepared for the purpose of indicating the actual movement each
week from the plantations.
Receipts at the out ports are some¬
times misleading, as they are made up more largely one year
than another, at the expense of the interior stocks.
We reach,
therefore, a safer conclusion through a comparative statement
like the following:
RECEIPTS FROM PLANTATIONS..
Receipts at the Ports. Stock at Inter’r Ports Rec’pts from Plant’ns
Week
i
ending—
'
b
Mar.
44
%
3
1877.
7
14
41
21
44
28
,
44
44
««
44
44
44
44
1h
‘C*
&
'-l
1878.
50,742 90,947
44,537 82,264
32,366 75,723
30,397 65,470
28,287 59,886
21,183 51,391
18,010 39,016
26 641 38,856
16,560 31,196
17,309 24,252
16,288 20,097
12,147 19,732
9,669 18,220
9,390 12,380
8,526 11,231
8,526 10,721
1879.
83,266
78,490
60,202
00,698
54,283
44,851
40,187
36,183
22,2W3
19,031
19,897
16,673
17,113
11,089
6,012
7,188
0,293
3,637
3,032
1877.
1878.
169,291
165,747
158,041
151,199
140,649
133,363
128,411
117,074
192,465
169,636
146,653
131,795
119,991
108,633
1877.
1879.
1878.
1879.
165,619 46,855 72,477 78,447
159,418 40,993 59,435 72,289
141,012 24,000 52,740 42,390
131,463 23,555 50,012 50,549
116,879 15,737 48,082 39,099
107,005 13,897 40,033 34,977
95,979 91.966 13,058 28,362 25,148
89,142 87,294 15,304 32,019 31.511
7,020 17,604 13,W51
75,550 78,962
7,471 14,472 11,015
65,770 71,546
7,000
4,968 10,760
56,433 59,249
8,853
9,604
4,780
46,305 51,429
7,882
10,940
39,025 42,198
6,461
7,509
34,154 37,570
1,471
6,392
3,171
29,315 32,429
4,065
2,141
4,693
23,287 29,306
2,210
4,832
21,240 25,223
802
4,384
2,368
19,075 22,388
3,645
18.033 20,6911
1,324
1,335
1,243[
15,494 15,5281 2,058
an
inch.
Brenham, Texas.—There has been no rainfall here during the
week, and many sections are Deeding rain, but only sandy lands
suffering. Picking begun. Average thermometer 89, highest
98, and lowest 84.
New Orleans, Louisiana.—It has rained during the past week
on one day, the
rainfall reaching nineteen hundredths of an
inch.
The thermometer has
averaged 85.
Shreveport, La.—Weather dry. Crops are beginning to suffer
from effecls of drought.
Thermometer, highest 100, lowest 74,
average 87.
River, three feet tea inches.
The weather last week was fair, the thermometer averaging
80, with an extreme range of 72 to 95. The rainfall was four
hundredths of an inch.
River, four feet five inches.
Vicksburg, Mississippi.—The weather during the week has
been warm and dry.
Columbus, Mississippi.—The weather during the week (excepting two days on which it rained, the rainfall reaching seventythree hundredths of an inch) has been warm and dry, the ther¬
mometer averaging 92 and ranging from 87 to 98.
Corn has
suffered severely from drought and cotton is very small though
fruiting well.
Little Rock, Arkansas.—The heat of the past week has been
the most oppressive for many years and has injured planting
interests very much.
The thermometer has averaged 86, the
highest being 100 and the lowest 73. We had a light rain on
Tuesday evening, the rainfall reaching nineteen hundredths of
an
inch.
The rainfall last week
was
twelve hundredths of
an
inch.
Nashville, Tennessee.—Telegram not received.
Memphis, Tennessee.—We have had rain on two days the past
week, the rainfall reaching fifty-five hundredths of an inch ; the
rain was heavier in the interior.
It is now raining. Cotton
suffered much for two weeks past from drought.
Corn
make half a crop.
Average thermometer 86, highest 99
lowest 74.
has
will
and
Mobile, Alabama.—It has rained during the week on four days
day stormy, two days showery and one day severely, and
is threatening a storm to-day.
Accounts from the interior are
conflicting; in some sections the crop is developing promisingly,
and in others accounts are less favorable on account of drought.
—one
The thermometer has averaged
lowest 75.
The rainfall has
83, the highest being 100 and the
reached eighty hundredths of an.
inch.
Montgomery, Alabama.—It has been showery one day the past
week, the rainfall reaching thirteen hundredths of an inch. The
.weather has been very hot and dry, and rain is badly needed.
Average thermometer 87, highest 101 and‘lowest 75.
Selma, Alabama.—Rain has fallen during the week on one day.
Apr. 4
The crop is developing promisingly. Caterpillars have appeared,
11
though the injury done is as yet limited.
18
Madison, Florida.—It has rained on one day of the past week.
25
The thermometer has averaged 83, the highest point touched
107^534
May 2
9
having been 91 and the lowest 75. The weather during the past
97,696
week has been warm and dry, and we are needing rain very much.
16
86,376
23
79,009
Macon, Georgia.—We have had partial showers during this
30
07,780
week, but they have been too light t9 prove beneficial to the crop.
June 6
57,509
We still hear unfavorable reports of the crop in this section.
13
52,154
The thermometer has ranged from 69 to 103, averaging 86.
20
45,769
Columbus, Georgia.—Rain has fallen during the week on one
27
35,811
6,879
6,519
to a depth of one inch and sixty-one hundredths.
day,
The ther¬
32,077
5,949
July 4
6,102
mometer has averaged 86.
are
favorable.
Crop
accounts
less
11
28,997
5,287
4,404
Savannah, Georgia.—We have had rain on four days, but the
18
1 3,676 3,782 2,809| 27,979f
rest of the week, excepting Saturday, has been pleasant.
The
The above statement shows
thermometer has averaged 86, ranging from 75 to 105, and the
That the total receipts from the plantations since Sept. 1
rainfall has reached ninety-three hundredths of an inch.
1878-9 were 4,442,611 bales; in 1877-8 were 4,251,345 bales;
Augusta, Georgia.—The earlier part of the past week the
1876-7 were 3,938,319 bales.
weather was very hot and dry, but on Thursday and Friday we
2. That the receipts at the out ports the past week were 2,809 had fine rains throughout this section, helping cotton greatly.'
bales, being drawn entirely from stocks at the interior ports The plant looks well, and crop accounts are more favorable.
Last year the receipts from the plantations for the same week The rain came rather too late for corn, though some planters
were 1,243 bales, and for 1877 they were 2,658 bales.
will make fair crops.
The thermometer has ranged from 72 to
104,
averaging
86.
The
rainfall is eighty hundredths of an
Weather Reports by Telegraph.—The past week has
inch.
been hot, and some rain has fallen over a very considerable por¬
Charleston, South Carolina.—It has rained during the past
tion of the South, doing great good, but more is needed, and in week on two days, the rainfall reaching four inches (?) and
some sections greatly needed.
Texas crop is now in pretty fair ninety-eight hundredths. The thermometer has averaged 86, the
being 104, and the lowest 74.
condition, and the high temperature there, and in almost all the highest
The following statement we have also received by telegraph,
States, is forcing the plant to maturity rapidly. Our Little Rock showing the height of the rivers at the points named at 3 o'clock
correspondent says that the excessive heat of this week has July 17, 1879. We give last year’s figures (July 18, 1878) for
comparison:
injured farming interests in that State.
July 17,’79. July 17, *78
Galveston, Texas.—We have had delightful showers on two
Feet. Inch.
Feet. Inch.
days the past week, and the indications are that they extended
11
5
1
10
over a wide surface, but more is needed.
Below high-watermark..
The prospect continues New Orleans
10
16
0
Above low-water mark... 10
favorable. The thermometer has averaged 85, the highest being Memphis...
3
0
8
6
Nashville
Above low-water mark...
10
22
3
4
92, and the lowest 72. The rainfall for the week is one inch and Shreveport
Above low-water mark...
2
11
31
Vicksburg
Above low-water mark... 19
eighty-seven hundredths.
Indianola, Texas.—There has been no rainfall at this point
New Orleans reported below high-wa ;er mark of 1871 unti
during the week, and all crops are burning up. Northward, good
showers have fallen, and cotton there is doing tolerably well. Sept. 9, 1874, when the zero of gauge was changed to high-watei
The corn crop is an absolute failure. Average thermometer [87, mark of April 15 and 16, 1874, which is 6-lCths of a foot above
1871, or 16 feet above low-water mark at that point.
highest 97, and lowest 78.
•
:
Cersic%naf Texas.—It has rained here on one day, a shower, the
reaching twenty hundredths of an inch, and more is
needed, as the ground is very dry. Cotton is doing well. We
are having terribly hot weather, the thermometer averaging 89,
with an extreme range of 73 to 103.
Balias, Texas.—Rain has fallen during the week on one day,
a shower, but it was not enough.
Weather hot. Crop promis¬
ing. The thermometer ranged from 72 to 102, averaging 89, and
rainfall
the rainfall has been fifteen hundredths of
statement:
*
U
CHRONICLE.
44
44
44
44
.
....
....
«...
44
•
.
•
•
-
.
72
THE CHRONICLE.
Comparative Port Receipts
and
Daily Crop Movement.—
,—1879—*,—1878——n r—1877—,
States.
A
comparison of the port movement by weeks is not accurate,
the weeks in different years do not end on the same day of the
month.
We have consequently added to our other standing
tables a daily and monthly statement, that the reader may con¬
stantly have before him the data for seeing the exact relative
movement for the years named.
First we give the receipts at
each port each day of the week ending to-night.
as
PORT RECEIPTS FROM SATURDAY, JULY
New
of
Or¬
we’k leans.
D’ys
12, ’79, TO FRIDAY, JULY 18, ’79.
Char¬ Savan¬ Galleston. nah. vest’n.
Wil¬
Nor¬
folk.
66
6
r*
4
47
23
27
111
5
39
10
23
Tues
34
21
9
53
50
3S
Wed
Thur
40
7
16
4S
11
20
50
29
2
30
13
26
Fri..
103
21
4
1
1
ii
408
The
195
43
218
108
movement each month since
Year
Monthly
Receipts.
Bept’mb’r
October..
Novemb’r
1878.
288,848
689,264
779,237
893,664
1877.
148
....
223
399
95
409
11
1
.
.
_
255
8
158
1,238
1,382
....
....
12
1,677
as
2,809
follows:
Beginning September 1.
236,868
675,260
901,392
1875.
93
104
87
81
82
88
101
104
92
95
89
102.
South Carolina..
94
81
99
104
91
87
98
90
97
99
81
88;
Georgia
93
86
101
105
89
90
303
103
91
97
80
91
Florida
95
91
93
100
92
95
82
93
94
101
90
96.
Alabama
96
96
101
102
90
94
94
100
101
102
82
92
Mississippi
93
£2
98
98
91
93
92
94
100
103
TO
87-
Louisiana
95
93
98
95
98
102
89
92
95
105
70
73
Texas
94
10
104
106
91
94
90
99
96
93
98
102
100
103
98
91
94
91
95
97
90
104
75
94
101
97
98
94
96
93
303
99
100
90
Arkansas
169,077
610,316
740,116
821,177
637,067
479,801
300,128
163,593
92,600
42,234
134,376
536,968
676,295
759,036
1873.
115,255
355,323
576,103
811,668
702,168
482,688
332,703
173,986
127,346
59,501
94
•
97
Bringing the two months together, and comparing this yearfollowing would represent the condition Juljr
with last year, the
1 in each State.
1879.
States.'
June.
1878.
July. Av’ge.
June.
Dec’se-
July. Av’ge. Per
ct.
North Carolina
98
104
101-0
87
81
84-0
South Carolina
94
81
87-5
99
104
101-5
14-0
Georgia
93
86
89-5
101
105
1030
13*5
Florida...‘
95
-91
930
98
100
99-0
6-0-
Alabama
96
96
960
101
102
101*5
5-5
Mississippi
99
92
95-5
98
98
98 0
2-5^
95
93
940
98
95
96-5
2*5
94
90
920
104
106
105-0
13-0
100
103
101:5
98
91
94-5
94
101
97-5
97
98
97-5
Louisiana
1874.
1S76—, .—1875—,1874—>
July June July June July June July June July June July'
North Carolina.
206
....
113
.
Sept. 1 has been
1876.
98,491
578,533
822,493
Total
ton.
115
*
All
ming¬ others.
Bat..
Hon
Tot..
June
Tennessee
Mo¬
bile.
[Vol. xxix.
i.
Texas
Arkansas,
;
Tennessee
*
*17’G
*7-0
Same.
Increase.
This statement shows for the
thus far
(that is, for the
ending July 1,) an improved condition of 17 per
449,686
cent in North Carolina and of 7 per cent in Arkansas ; but elseMarch...
182,937
where there is a decreased or poorer condition, varying from 14
April..
100,194
133,598
per cent to
per cent. If we are to accept the above as cor¬
May
96,314
68,939
81,780
June
36,030
rect, the crop of 1879, even on the increased acreage the
42,142
56,010
Department reported, will fall about 200,000 bales short of last
Tot.Jn. 30 4,421,749 4,238,246 3,939,755 4,056,109 3,456,872 3,736,741
Ferc’tage of tot. port
year’s crop. It is, perhaps, unnecessary to say that that con¬
97-52
97-56
receipts June 30..
96-78
98-85
98-22
clusion is not the popular or prevailing one at this market.
This statement shows that up to June 30 the receipts at the
Cotton Exchange Reports for July.—We publish below, in
the Cotton Exchange acreage and condition reports forfull,
ports this year were 183,503 bales more than in 1877 and 481,994
July
1 :
bales more than at the same time in 1876. By adding to the
Questions.
above totals to June 30 the daily receipts since that time, we
1. What lias been the character of the weather since June 11
Bhall be able to reach an exact comparison of the movement
2. Has the weather been more favorable or less favorable
up to this
Decemb’r
January
February.
.
..
618,727
566,824
303,955
167,459
84,299
29,472
900,119
689,610
472,054
340,525
197,965
787,769
500,680
444,052
383,324
251,433
period than during the
for the different years.
3. Has there beeu
an
since your last report 1
1878-79.
Tfi J’ne 30
1876-77
1875-76.
1874-75.
1873-74.
4,421,749 4,238,246 3,939,755 4,056,109 3,456,872 3,736,741
July 1,...
J
1877-78.
343
948
S.
1,073
486
44
2....
271
'970
44
3....
1,548
1,176
1,541
1,864
44
4....
629
761
848
44
5....
414
1,163
367
2,518
1,009
2,067
44
6....
840
914
961
780
849
1,184
656
452
3,045
S.
S.
1,456
543
806
650
1,315
S.
668
-
726
44
7....
1,112
44
8....
334
930
44
9....
563
1,013
44
10....
322
796
798
1,128
44
11....
287
674
634
694
44
12....
399
1,034
479
44
13....
346
726
629
439
1,731
44
14....
758
1,282
1,205
1,042
978
325
1,507
1,187
1,527
1,181
44
15....
44
16....
44
44
S.
S.
409
8.
S.
815
206
834
255
563
364
17....
158
793
572
18....
1,382
613
839
Total
'■
S.
8.
1,485
S.
1,468
1,247
679
872
S.
465
653
237
S.
1,323
S.
4,430,381 4,251,700 3,952,123 4,074,284 3,468,575 3,759,325
Percentage of total
pt.rec’pts July 18..
97-83
This statement shows
97-87
97-21
9918
98-82
that the
receipts since Sept. 1 up to
to-night are now 178,681 bales more than they were to the same
day of the month in 1878, and 478,258 bales more than they
were to the same day of the month in 1877.
We add to the last
table the percentages of total port receipts which had been
received J uly 18 in each of the years named.
Agricultural Department Report for July.—The July
report of the Agricultural Department has been issued this
week, and is
as
follows.
The returns to the
Department of Agriculture of the cotton
show that the condition of June, which was 96, has not been
maintained, and is for 1st July 1 93. The figures indicating the
condition compared with the June figures are as follows: North
Carolina 104, a gain of 6; South Carolina 81, a loss of 13;
Georgia 86, a loss of 7; Florida 91, a loss of 4; Alabama 96, no
change; Mississippi 92, a loss of 7; Louisiana 93, a loss of 2;
Texas 90, a loss of 4; Arkansas 103, a gain of 3, and Tennessee
101, a gain of 7.
The universal complaint is of the drought,
which has been most severe in South Carolina, Georgia and
Texas. The stand, however, for the whole country is good. It
is reported that the crops are well worked and free from
grass,
Insect injuries are not reported to any extent.
The June and July condition figures, compared with the June
Tand July figures for previous years, are as follows.
crop
•
-
same
time last
increase
or
year
?
decrease in lands planted in cotton
State percentage of increase or decrease, and
from what causes.
4. How are the stands in your
forming well 1
section, and is the plant blooming and
5. What is the present condition in your sectiou?
6. How does the condition of the cotton crop in your section
compare
with the same time last year ?
7. State any favorable or unfavorable circumstances relative to the
growth and condition of the cotton
the above
questions.
S.
3,201
1,289
1,505
1,006
1,782
season
two months
Norfolk
crop
in
your
section not covered by
Department.
The Norfolk Cotton Exchange (H. S. Reynolds, Chairman, W. D.
Rountree and R. P. Barry, Committee on information and Statistics)
issues the following report, covering the State of Virginia, and the follow¬
ing" Counties in North Carolina: Rutherford, Lincoln, Catawba, Rowan,.
Davidson, Iredell, Burke, Wilkes, Caldwell, Alexander, Davie, Forsythe,.
Yadkin, Stokes, Surrey, Rockingham, Caswell, Person, Granville, Warren,
Franklin, Nash, Wake, Hyde, Pitt, Green, Cartaret, Craven, Beaufort,
Tyrrel, Washington, Martin, Bertie, Chowan, Pasquotank, Camden
Currituck, Gates, Hertford, Northampton and Halifax.
North Carolina and
Virginia.—28 replies from 20 counties..
Twelve report the weather in June very dry and cold; sixteen report
it as favorable. Twenty-four report the weather more favorable in J une
than last year, and four not so favorable. There has been no increase
or decrease in lands planted since last report.
Stands are generally
good and forming well, but rather early for blooms.
The condition of
the crop is considered good, and is better than at this time last year.
Lice are reported in three counties.
Charleston
Department
the State of South Carolina, and is prepared and issued by the
Charleston Cotton Exchange, through their Committee on Information
and Statistics, composed of E. Willis, Robt. D. Mure and L. J. Walker.
covers
South Carolina.—82
Weather too
replies from 30 counties.
dry; indicated less favorable from fifty-five,
more favor¬
and ten about the same, without additional plant¬
Stands generally good, blooms just beginning; forms retarded
able from seventeen,
ing.
by drought ; plant healthy and clean, while small and two weeks back¬
ward, with complaint of damage by hail from one county; appearance
of lice in six, and insufficient labor in three counties.
Savannah Department.
This report covers the State
of Georgia and the State of Florida. The
report is prepared and issued by the Savannah Cotton Exchange, through
their Committee on Information and Statistics, composed of J. H. John¬
ston, Clavius Phillips, J. J. Wilder, L. G. YTmng and F. R. Sweat.
Georgia.—102 replies from 56 counties.
The weather since the first of June has. been too dry with nights toocool; not as favorable for the cotton plant as last year. There has been
little or no change in area.. The condition of the plant is good, clear of
grass, small and needing rain, but is blooming and fruiting well. Stands
are
good,
some
complaint of irregularity, injury occurring while clearing
off grass after the wet spell the first part of May. As compared
last year, not as promising a prospect for the farmer; owing to the
with
cool
nights the plant lias been troubled with lice, and owing to late season
in getting the plant under way and dry weather, it looks small.
From
Southern Georgia there are several complaints of caterpillars.
Florida.—28 replies from 13 counties.
Since the first of June the weather has been seasonable, with the ex¬
ception of too cool nights; but not as favorable for tlio development of
the cotton plant as last year. The area devoted to eotton remains the
same as at last report.
Stands are good, and the plant Is forming and-
,
Jdly 19.
blooming well.
3.'
THE CHRONICLE.
1879:1
In answer to our third question, a few report a small increase in
acreage since June 1.
4. To our fourth question, seventy-five report the stands good and the
plant blooming and forming well; seven report it very good, ten not
The present condition of the plant is good, though small;
and, as compared with last year, backward, and not as promising from
its various drawbacks: first, too much rain; then lice, and now a want
of rain.
Caterpillars reported in several counties, but no injury there¬
from yet.
-S'.
In the Sea Island section the prospect of
in every respect than last year, which was
-are
good and three bad.
5. In reply to our fifth question, sixty-five report the present condition
of the crop as good, twenty as very good, eight not good and two bad.
p’ 6. In answer to our sixth question, thirty-eight report the present con¬
dition of the crop better than the same time last year, seven the same,
twenty-eight not as good,'and twenty-two from one to four weeks later.
7. Four report having seen a few cotton worms, but so far no damage
the farmer is more cheering
bad throughout; the stands
reported good, condition good, and the plant is forming and blooming
well.
Augusta Department.
This report covers
part of the State of Georgia. The report is pre¬
pared and issued by the Augusta Cotton Exchange through their Com¬
mittee on Information and Statistics, composed of Wm. M. Head, Chair¬
man, G. W. Crane, R. P. Sibley, W. A. Garrett and A. M. Benson.
Georgia.—24 replies from 15 counties;
Answer to First
•
average
Question.—Twenty-one report
very
has been done.
Nashville Department
Middle Tennessee east of the Tennessee River, and the following
Counties of Alabama:—Lauderdale,
Franklin, Colbert, Lawrence,
covers
date June 30.
Morgan, Limestone, Madison, Marshall, Jackson, DeKalb and Cherokee.
dry with cool
The report is prepared and issued
by the Nashville Cotton Exchange^
through their Committee on Statistics and Information, composed or
Leonard Parks, Chairman, B. Lanier and J. B. Dobbins.
Two report in the Northeastern part of the State that the
weather has been favorable, and one reports plenty of rain for the first
two weeks, but now suffering for the want of it.
Answer to Second Question.—Twenty-two report less favorable, and
two as being as favorable as last year.
nights.
Middle Tennessee.—25
,
cent increase.
Stands and Progress
of Crop—Twenty-five report stands are excellent,
forming and blooming well. Five report crop ten days earlier than last
year.
Condition of Crop—All concur in reporting the condition from good to
excellent. Twenty-three report much better and two about same as last
season.
Laborers working well and crop very clean, some complaint of
want of rain, but as yet cotton is uninjured.
Question.—Answers to this question do not develope
North Alabama.—30
than last
more
favorable,
seven
less favorable
season.
Acreage—One reports 33
per
cent, two 25
per
cent increase.
cent, and three 10
per
Stands and Progress of Crop— Twenty-eight report stands good, the
plant forming and blooming well. There is some complaint that the cool
nights in the latter part of June caused lice to appear, but they have
done no serious injury.
Mountains, and tlie following Counties in Mississippi: Wayne, Clark,
Jasper, Lauderdale, Newton, Kemper, Neshoba, Noxubee, Winston,
Eowndes, Oktibbeha, Clay, Monroe, Chicasaw, Itawamba, Lee, Pontotoc
Prentiss, Alcorn and Tishamingo. The report is prepared and issued by
the Mobile Cotton Exchange, through their committee on Information
and Statistics, composed of T. K. Irwin, Chairman, Julius Buttner, S.
Haas, Louis Touart and G. Thos. Cox.
Condition of
ing well.
Crop—The crop is reported very clean and laborers work¬
Memphis Department
the State
of Tennessee, west of the Tennessee River, and the fol¬
lowing Counties in Mississippi: Coahoma, Panola, Lafayette, Marshall,
De Soto, Tunica, Benton ana Tippah, and the State of Arkansas north of
the Arkansas River. The report is prepared and issued by the Memphis
Cotton
Exchange, through their Committee on Information and
Statistics, composea of John S. Toof (Chairman), W. B. Mallory, T. H.
Hartmus, A. C. Treadwell, Wm. Bowles, Sr., W. H. Goodlett and Z. N.
covers
replies from 47 counties.
The weather since June 1 is reported as having been dry and generally
favorable in all the counties except two (Cleburne and Fayette), and as
compared with last year more favorable in twenty-six counties, equally
so in eleven and less so in ten.
There has been no change in the acreage—
it is the same as last report. The stands are fair to good and the plant is
Estes.
forming and blooming well. The present condition of the crop is good,
and as compared with last year is as good to better, with the exception
of being about a week to ten days later.
West Tennessee.—49 responses; average
date June 30.
Weather—Thirty-three report the weather for June as having been
very favorable, thirteen favorable, both on account of less and more
seasonable rains than is general for the month; two report unfavorable,
owing to excessive drought, one excessive rain, eight report nights too
cold. Compared with last year—Forty-three report much more favor¬
able, owing to less and more seasonable rains, three about same, three
less favorable, owing to excessive drought, four report damage from
drought, seven from cold nights. ' June Planting—Forty-seven report no
cotton planted in June, save to re-place damage
by out-worms, two
report light planting.
Of Stands and Fruiting—Thirty-three report
stands very fine to never better, sixteen good stands; forty-seven report
forming well, two but moderately; thirty-four blooming finely, fifteen
just commenced. Of Condition of Crops—Forty-one report very fine,
five good, both well cultivated, free of grass and weeds, three in but
moderate condition, some grass. Compared with last year—Thirty-one
report very much better, thirteen better, three about same, two not so
good. Miscellaneous—See Aggregate. Labor-*-Forty-eight report laborers
working well, one but moderately well.
North Mississippi.—43 responses ; average date June 30.
Mississippi*—31 replies from 18 counties.
The weather since June 1 has been favorable to the growth of the
plant, and as compared with last year is reported as having been more
favorable in all the counties except Monroe. There has been no change
i! • "he acreage. Tlie stands are fair to good and the plant is forming and
The present condition of the crop is good and compares
year, with the exception of being a week or ten days
'favorably with last
later.
New Orleans Department
that part of the State of Mississippi not apportioned to the Memi his and Mobile Cotton Exchanges; the entire State of Louisiana,
and
covers
the
State of Arkansas south of the Arkansas River. The report is pre¬
pared and issued by the New Orleans Cotton Exchange, through their
Committee on Information and Statistics, composed of Wm. A. Gwyn,
Chairman, L. F. Beije, Chris. Chaffe, Jr., W. H. Howcott and A. G. Ober.
Louisiana.—104 replies from 38
replies.
Weather—Twenty-three report
the State of Alabama as far north as the summit of the Sand
rl)i ;oming well.
less favorable than
Acreage—One reports more than double, one 75 per cent, four 50 per
cent, four 33 per cent, one 25 per cent, one 20 per cent, and two 15 per
Mobile Department
Alabama.—83
one
last year.
any facts not already given in the answers above. The crop is generally
said to be from fifteen to twenty days later than last year, the plant un¬
precedentedly small for the 1st of July ; and unless the planters are
favored with general rains for the balance of the season, we cannot
promise an average yield^for this department.
covers
replies.
Weather—Twenty-four report more favorable,
Answer to Third Question.—Twenty-four report an increase.
Answer to Fourth Question.—Twenty-four report stands generally
good; weed very small; some report forming and blooming well for the
size of the plant.
Answer to Fifth Question.—Twenty-four report the condition of the
crop generally good; free from grass, with slow growth since last report,
on account of drought.
Answer to Sixth Question.—Twenty-two report not so good, from fifteen
to twenty days later than last year; two report in the Northeastern
part of the State crops more favorable than last year.
Answer to Seventh
73
parishes.
The weather during the month has beon very dry, and compared with
last year has been more favorable to cultivation, enabling planters to
get their crops well worked.
There has been a slight decrease in acreage since last report, owing to
Weather—Fifteen report very
to less and more seasonable
favorable, thirteen favorable, both owing
rains; fifteen report unfavorable, owing to
excessive drought and cold nights. Compared with last year—Twentythree report more favorable, owing to less and more seasonable rains;
five about same, fifteen less favorable, owing to excessive drought and
cold nights. June Planting—No cotton planted in June, save to repair
drought and scarcity of labor. The stands are reported good except in
The plant is small but forming and blooming well; its
present condition is good and clean, and compares with last year favor¬
the bottom-lands.
damage by cut-worms. Stands and Fruiting— Ffteen report stands very
ably. Many complain of lice and locusts, and there is a general com¬ fine,
twenty-two good, two moderately good, four bad; forty-three
plaint of drought, many parishes reporting no rain for six to eight
report forming well, thirty-five blooming freely, eight just commenced
weeks.'
The crop is backward in growth, blooming
and about two weeks later than last year.
blooming. Condition of Crops—Twenty-seven report condition very
fine, thirteen good, both well cultivated, free from grass and weeds;
three but moderate, some grass.
Compared with last year—Twenty-five
report very much better, six better, seven about same, five not so good.
Miscellaneous—See Aggregate.
Labw—Thirty-three report laborers
and forming prematurely,
Mississippi.—128 replies from 33 counties;
average
June 30.
date,
working well, ten but moderately well.
North Arkansas —61 responses; average date June 30.
Weather—Twenty-four report the weather for June very favorable,
twenty-seven favorable, both attributable to less and more seasonable
rains than usual; ten unfavorable, owing to excessive drought and- cold
nights. Compared with last year—Fifty report much more favorable,
one about same, ten less favorable, attributable to excessive drought and
cold nights.
June Planting—All report no cotton planted in June.
Stands and Fruiting—Twenty-three report stands very fine, thirty-three
good, two only moderately good, three bad; fifty-seven report forming
well, four moderately well; forty-two report blooming freely, nineteen
just commenced.
Condition of Crops—Thirty -eight report condition
very fine, twenty-one good, both well cultivated, nee from grass ar. I
weeds; two moderate condition, some grass. Co mpared with last year—
Thirty-nine report condition very much better, seventeen better, three
about same, two not so good. Miscellaneous—See Aggregate. Labor—
Fifty-four report laborers working well, seven moderately well.
The character of the weather lias been dry and favorable for cultiva¬
more so than during the same period last year.
There has been no material change in acreage.
Stands are generally reported good, and the plants are blooming and
tion,
forming well.
Condition good, and on the whole better than last year,
is smaller and ten to fourteen days later.
A number of complaints are made of cold nights in the
but the plant
early portion
of June, impeding the growth of the plant.
The weather is complained of as having been top dry.
Arkansas*—69
answers
from
27
counties;
average
date
June 30.
during the month of June has been (with but few excep¬
The weather
dry, with cool nights, and in comparison with the same time
decidedly favorable for the cultivation of the crop—owing to
tions) very
last year
the excessive rains at same time last year.
There has been a slight decrease in acreage
since our last report in
localities, owing to excessive drought.
The stands are reported good—the plant is small, but blooming and
forming well. The present condition of the crop is clean and free from
grass and weeds, and is more favorable than at this period last year.
Rain is very much needed throughout the State, many reporting no
rains from six to eight weeks. The crop is from ten to fourteen uays
North Alabama.—14 responses; average date June 30.
Weather—Eight report very favorable, five favorable, one unfavorable;
some
thirteen less and more seasonable rains than usual for June, one seriously
suffered for rain, three complain of cold nights. Compared with 1878—
Thirteen report more favorable, owing to less and more seasonable rains;
one less favorable, owing to excessive drought.
June Planting—Ml re¬
port no cotton planted in June. Stands—All report stands very firm and
later,
forming well, six report blooming freely, eight just commenced. Of
Condition—Twelve report very fine, two good condition, all well cul¬
tivated and free from grass and rust. Compared with last year—Thir¬
teen report very much better, one about same. Labor—All report labor¬
ers working well.
AGGREGATE, EXCLUSIVE OF NORTH ALABAMA—153 responses.
1. Weather—Of one hundred and fifty-three responses, seventy-two re¬
port the weather for June as having been very favorable, fifty-three
favorable, both attributable to less and: more seasonable rains; twentyeight report unfavorable, owing to lack of rain, attended with cold,
nights; one reports too much ram. Of the one hundred and twenty-five
reporting favorable weather, nearly all mention that rain was much,
Galveston Department
prepared and issued by the Galveston
Cotton Exchange, through their committee on Information and Statistics,
composed of J. D. Skinner, Chairman, Isaac M. Kirwan, Chas. Kellner, J.
covers
the State of Texas, and was
M, Northman and J. J. Lewis.
Texas.—95
answers
from 65 counties; average
date July 1.
1. In reply to our first question as to the character of the weather
since June 1, ninety report the weather dry and favorable for cotton,
and five the weather not good.
2. To our second question, thirty-five report the weather more favor¬
able than at this time last year, forty-five less favorable, eight favorable
and
seven
the
same.
*
i
needed at date of responding.
74
THE
CHRONICLE
2. Weather Compared with same Period last Tear—One hundred and
sixteen report much more favorable, owing to less and more seasonable
rains, nine about same, twenty-eight less favorable, owing to excessive
drought and cold nights.
3. June Cotton Planting—All respond,
none planted, save to replace
destruction by cut-worins.
4. Cotton Stands and Fruiting—Seventy-one report stands
very fine,
seventy-one cood, four but moderate and seven bad stands. One hun¬
dred and forty-seven report forming well, six but moderately well. One
hundred and eleven report blooming freely, forty-two just commenced.
5. Condition of Crops—One hundred and six report condition of cot¬
ton crops very fine, thirty-nine good, both well cultivated, free from
grass
and weeds; eight report but moderate condition, with considera¬
ble grass.
The Following
Compared with 1878—Ninety-five report very much better
in all respects, thirty-six report better, thirteen about
same, nine hardly so good as laSt year.
7. Miscellaneous—Lnder this head we are
generally advised of the
need of rain. Cotton had not materially suffered up to the 1st inst., but
Receipts
then at a critical point. There is much more mention made in June
than in May relative to the Kansas exodus, mostly in
New York.
Receipts
from—
Boston.
1,625^162,515
N. Orl’ans
Texas....
Savannah
Mobile
Florida...
S. Carolina
N.Car’lina
356 126.428
141 142,448
'
*
79
19,981
92,722
1
40,234
r-
143,398
6,524
147,564
10,424
*
Virginia..
4
North, p’ts
Foreign
Great Britain the past week and
bales to the Continent ;
while the receipts at Bombay during this week have been
7,000
bales. The movement since the 1st of January is
as followe.
These figures are brought down to Thursday,
17.
States the past
July
Shipments since Jan. 1.
Great Conti¬
Great
Brit’n. nent. Total. Britain.
1,000
9,000
1,000
12,6*00
7*00*0
1,000
21,000
1,000
7,000
Conti¬
Receipts.
This
Week.
Total.
nent.
234,000 301,000
278.000 374,000
359,000 395,000
529,000 344,000
535.000
7,000
652,000 15,000
754,000 2,000
873,000 3,000
Since
Jan. 1.
854,000
833,000
980,000
977,000
foregoing it would appear that, compared with last
year, there has been a decrease of 20,000 bales in the week’s ship¬
ments from Bombay to Europe, and that the total movement
since January 1 shows a decrease in shipments of 102,000
bales,
compared with the corresponding period of 1878.
Alexandria Receipts and
Shipments.—Through arrange¬
ments we have made with Messrs. Davies, Benachi & Co., of
11,679
13,477
34,704
-
we shall hereafter receive a weekly
the movements of cotton at Alexandria, Egypt.
The
receipts and shipments the past week, and for the correspond¬
ing weeks of the previous three years, have been as follows :
1879.
1878.
1877.
3
700
..
335
1876.
100
45
56,460
53,246
874 135.732
27
1,461'106,082
18|
192
60,978
27,300
25
218 89,198
342|l61,670
Last year.
4,484 923,7941 1,510 339,219
106 71,516
794 148,897
Shipping
News.—The exports of cotton from the United
week, as per latest mail returns, have reached
16,136 bales. So far as the Southern ports are concerned, these
the same exports reported by
telegraph, and published in
The Chronicle,' last Friday.
With regard to New York, we
include the manifests of all vessels cleared
up to
are
Wednesday
New York—To Liverpool, per steamers Humboldt, 1,700
Total bales.
Spain, 1,370
Wyoming, 671
Scythia, 621
City of
Chester, 15
per ship Bertram Rigby, 1,550
To Cork, for orders, per bark Mark Twain, 2,770
To Havre, per steamer France, 400
To Bremen, per steamer General Werder, 800
New Orleans—To Havre, per ship Zephyr, 2,880
To Malaga, per barks Rosario, 1,249....Elliot Ritchie, 801
(omitted previously)
Savannah—To Liverpool, per ship Spartan 387 Upland and 44
Sea Island
Baltimore^-To
Boston—To
5,933
2,770
400
800^
2,880
2,050
431
Liverpool,
per steamers
Australian, 200
plorer, 350
Liverpool,
per
Ex¬
550
322
steamer Illyrian, 322
Total
The
16,136
particulars of these shipments, arranged in
our
follows:
are as
New York....
New Orleans.
Savannah
Boston
1,000
21,018
13,251
6
1
2,912^802,838
Baltimore....
Receipts (cantars*)—
46,828
2,353 360,429
....
This week
840
3,040
26 24,295
This year.
Liverpool and Alexandria,
Alexandria, Egypt, July 17.
Baltimore.
night of this week.
From the
cable of
Philadelphia.
2,170
Mississippi and
Arkansas; indeed, quite a feeling exists in these States, mauy negroes
expressing their determination to leave on gathering their crops.
8. Labor—One hundred and thirty-five report laborers
working very
well or never better, eighteen report them working moderately well.
Bombay Shipments.—According to our cable dispatch, received
Shipments this week
Yrrk,
This
This
Since
Since
This
Since
This | Since
week. Sept. 1. week. Sept. 1. week. Sept.l. week.
Sept. 1*
Tenn., <fec.
to-day, there have been 1,000 bales shipped from Bombay to
Cotton at New
op
September 1, 1878;
was
1879
1878
1877
1876
are the
Boston, Philadelphia and Baltimore for the past week, and Bince
...
6. Condition
than last year
,
[Vol. XXIX.
Liverpool.
5,933
...
".*
Cork.
Havre.
Bremen.
2,770
400
800
2,880
4*31
usual form,
Malaga.
Total.
9,903
4,930
2,050
....
431
550
322
550
322
...
...
Since
September 1... 1,665,000 2,586,000 2,701,000 2,870,000
Exports to Europe (bales)—
This week
248,500
403,000
432,000
465,000
A cantar is 98 lbs.
This statement shows that the receipts the past week
been
cantars, and the shipments to all Europe have
bales.
have
been
Gunny Bags, Bagging, &o.—Bagging has not been taken
very freely during the past week, and the market is reported
quiet by dealers, who
are still quoting 9£@lle., as to quality.
Butts have been active and excited, owing to the
very large
demand which lias prevailed all through this year.
The stock
has been gradually worked down to a very small amount, which
is mostly held by one dealer who has declined to sell at
ruling
figures.
The fire at Calcutta, which
vents dealers there from
we
as the season
period of several
months. This condition of things has led to an increased de¬
mand, and we are reported sales here and in Boston of 20,000
bales, and prices have been advanced to 2 9-lGc. for paper
quality and 2£@2fc. for bagging descriptions.
is about
over
but little is looked for under
The Exports
of
Cotton from New York this week show
an
)
—i
Exported to—
Liverpool
Juno
25.
882
Other British ports
ending—
July
2.
9.
July
16.
3,G6<* 5,933 244,165 315,687
3,66#
882
4,553
Havre.
Other French ports
592
1,000
Total French *.
592
2,770| 10,593| 5,757
::::::
400
1,000
400
64
800
64
800
Spain, Op’rto, Gibralt’r, &o
Ail
,
York, July 14, from Hamburg, reported that on June 30, 100 miles
south from the banks, passed a vessel’s mast and two bales of
cotton, apparently but a short time in the water.
Cotton
Tot An
Grand total
9,326
100
115
Satur.
9,441
15,073
20,718
2,202
4,986
2,835
19,2o6
20,lf0
5,610
1.474
5,617
3.660
Mon.
Tues.
follows:
as
Wednes.
Thurs.
Fri.
Liverpool, steam d. 316 ® *4 316'^14 316 3> *4 316®14 316® *4 316® *4
do
sail., d. 316®1364 316'® 1364 316® l364 316®1364 316®13G4 s16'®1364
Havre, steam
do
sail....
Bremen, steam.
do
e.
....
”3)
*2*
.c.
a.
'Th lo*
...
sail...c.
steam
do
*
-3)12*
*2*
3>
3
'*2*
.3
*2*
...
...
3)
12*
3)
*2*
-
...3
*2*
...3
*2'
.
...
...3>7i6 ...®7W -•-3>716 ...3>7i6
.3>.v,^i6 ...3>*9ie -•■®*916 ,...3>*916 ...3*916
.©hi
...
3*2
r..
Rail
...'a)
RaRie, steam
do
..
*2
3) *2*
6
..
...
3)
.3)
...
-37ia
Hamburg, steam, c.
do
...
..
.c.
sail...
...'a)
3>
...3
...3>
sail
.
.
..
...3)....
3
-3
...3....
...
3..
3>
Compressed.
Liverpool.—By cable from Liverpool,
statement of the week’s
Sales of the week
Forwarded
14,395
44,910
we
have the following
sales, stocks, &c., at that port :
2,398
9.903 294.873 378.193
bales.
.
Sales American'
Of which exporters took —,
Of which speculators took..
Total stock
Of which American
Total import of the week
Of which American
Actual export...
4mount,
2,398
Spain, Ac
freights the past week have been
June 27.
14,295
5,610
other
16,136
.
8,703 254,758 321,444
Hamburg
Other ports
Total to North. Europe
Total to period
date. previ’us
year.
1,542
3,011
Total to Great Britain
Bremen and Hanover
July
Same
2,050
were burned out.
Another bale had letters taken for —oo—,
remainder of mark also being burned out. All the bales passed
were charred by fire, and did uot appear to have been
long in the
water.
‘
June 30. Bark Maggie L. Carvill (of St. John, N. B.) Tingley, at New
-
Week
800
3,280
we
Baden, skip, from New Orleans for Liverpool, previously reported as
abandoned June 11, lat. 40, Ion. 53, was set on fire by the crew
previous to being left. This may account for the burned cotton
seen by the ship Bombay, at Liverpool, from Galveston.
June 17. Ship Bombay, from Galveston, at Liverpool, June 29, reports:
June 17, passed in lat. 40 50, Ion. 52 40, from 70 to 80 bales cotton
(apparently New Orleans cotton); on one bale two letters were vis¬
ible, and taken to be S—, over D—. The remainder of the marks
a
increase, as compared with last week, the total reaching 9,903
bales, against 3,660 bales last week. Below we give our usual
'table showiDg the exports of cotton from New York, and their
direction, for each of the last four weeks; also the total exports
and direction since Sept. 1, 1878, and in the last column the total
for the same period of the previous
year.
,
*
Exports of Cotton (bales)
from New York since Sept. 1, 1878.
*
2,770
give all news received to date of disasters to vessels
carrying cotton from United States ports, etc.:
noted last week, pre¬
replenishing stocks, and
7,236
...
Below
Since September 1...
*
Total
afroat
Of which American
.
,
July 4.
39,000
4,000
30,000
3,000
1,000
636,000
491,000
72,000
54,000
4,000
231,000
51,000
.
Jaly 11.
38,00#
42,00(1
7,000
4,000
28^000
31,000
4,000
2,000
622,000
475,000
32,000
17,000
6,000
217,000
38,000
5,000
1,000
589,000
451,000
lOlOOO
9,000
3,000
218,000
33,000
July 18.
*37,000
3,000
28,000
4,000
1,000
566,000
429,000
16,000
8,000
5,000
209,000
37,000
The tone of the Liverpool market for spots and futures, eaeh day of
the week ending July 18, and the daily closing prices of spot cotton*
have been as follows:
July 19,
THE CHRONICLE
187£]
Satnrd’y. Monday. Tuesday. Wedn’sdy Thursd’y
Spot.
Friday.
J
Mid. Upl’ds
Mid. Orl’ns.
67s
67s
613i0
613i0
634
615i0
678
613xg
6i«>i0
67s
67q
613x0
6,000
7,000
1,000
5,000
8,000
1,000
6,000
1,000
6,000
1,000
Market,
12:30
p.m.
Market,
5 p.m.
Sales
\
Mod.
A
shade
easier.
inq.
freely
supplied.
Dull
Firmer.
and
Dull.
easier.
?
$
v
Spec. & exp.
1,000
*
1,000
Futures.
Market, \
5 P.
M.
Firmer.
$
Quiet
Firm.
but
Weak.
Firmer.
steady.
Steady.
The actual sales of futures at Liverpool, for the same week, are
given
below. These sales are on the basis of Uplands, Low Middling clause,
unless otherwise stated.
Saturday.
Delivery.
July
Aug.-Sept
d.
62532
Delivery.
Sept.-Oet
d.
67s
d.
Delivery.
Oct.-Nov
69ie
-
61^10
Delivery.
Delivery.
Sept.-Oct.
Aug.-Sept
67a
July
62732
Oct.-Nov
sharply under increased receipts and
a great falling off in demand*
Sales of No. 2 Milwaukee were made early in the week at39%c.
To-day, the market was dull, with No. 2 graded quoted at 38c*.
for mixed and 39 %c. for white.
The following are closing quotations :
FLOUR.
No. 2
Superfine
do XX and XXX...
Minnesota patents...
City shipping extras.
Southern bakers’ and
Corn meal—
Western,' &c
Brandywine> &c
•69i0
4)ct.-Nov
Delivery.
Nov.-Dee
Dec.-Jan
6*4
Sept.-Oct
July
July-Aug
Sept.-Oct
62732
Aug.-Sept
6516
6i732®y16
-670
.6%
.6%
.613X0
-July
Delivery.
.
July-Aug
Aug.-Sept
Sept.-Oct
Oct.-Nov
Delivery.
6%
62532 Nov.-Dee
62o32 Sept.-Oct
678
62732 July-Ang.
6%
82932 A.ug.-Sept.. 61316®2632
-.6l932 Sept.-Oct
62732
Shipments.
Oct.-Nov., n. crop,
sail
Nov.-Dee., n.
sail
■
65i0
crop
•
6932
Thursday. *
Delivery.
Delivery.
July
6iii6 Oct
July-Aug
6ii i6 July-Aug
Aug.-Sept. 6 % ® 2332® % Oct.-Nov.-Dee
-Sept.-Oct.. .61«li0'S>2532 Nov.-Dee
@1310 July-Aug
Oct.-Nov
61316
62332
61732
6H32
6 3i
Delivery. •
Aug.-Sept
.69S32
Sept.-Oet
•62732
Oct.-Nov
Nov.-Dee
Oct
69i0
6*2
638
62732
Delivery.
July-Aug
6% a>2332
Aug-Sept..... 62532® %
Sept.-Oct
...6i316
Oct.-Nov
61732
■Oct
62732
Delivery.
July-Aug
Aug.-Sept
Sept.-Oct
July-Aug
Aug.-Sept
6iii0
62332
62532
62132
6i lie
Sept.-Oct. 634®2332®^
Oct.-Nov
61532
Nov.-Dee
...6516
July-Aug
6iii0
Aug.-Sept
62332
3 60® 4 10
4 25® 4 35
4 20®
4 50®
2 00®
2 60®
Flour,
bbls.
At—
$ 98
2 40
2 65
®1 00
®1 09
®
84
®1 13
®1 16
®
1 08
80
1 12
1 10
1 15
Rejected spring..
Red winter, No. 2
42 bj®
45
443a®
46
48
®
®
®
®
®
®
62
65
37
39
State, 4-rowed...
State, 2-rowed...
Peas—Can’da,b.& f.
•
.®
.®
.®
75 ®
.
•
•
47
52
64
67
40
43
••••••
92
Wheat,
bush.
Corn,
Oats,
bush.
bush.
Peoria
Duluth
Total
110,059 1,734,275 1,902,453
Previous week... 92,606
968,692 2,263,528
Same time ’78
...
84,845
891,849 1,682,432
for four years:
1879.
Rye,
bush.
1878.
1877.
3,385,590
3,000,066
2,108,780
bush.
32,796,339
49,530,680
14,969.117
2,385,906
30,655,628
48,208,725
13,283,455
2,873,722
1,648,094
1,954,709
8,875,913
37,551,902
10,028,671
2,684,712
822,224
Oats
Barley
Rye.
96,976,239
Total
receipts (crop movement) at the
July 12, inclusive, for four years:
59,966,422
same
34,747 48,463
24,214 52,775
17,774 29,606
July 12, inclusive,
bbls.
Corn
to
bush.
530,335
470,467
497,241
Total receipts at same ports from Jan. 1 to
Wheat
Barley,
(196 lbs.) (60 lbs.)
(56 lbs.) (32 lbs.) (48 lbs.) (56lbs.)
27,813
273,148 1,244,985 263,818 10,001 24,697
44,054
219,760
26,250
38,750
7,862 7,410
232,621 154,733
7,527
450
4,062
31,019
3,014
6,830
400
1,428
9,450
3,200
28,087
779,395
218,185 109,410 12,034 6,876
815
18,000
130,260 100,800
4,850 9,030
3,800
179,932
115,576
Milwaukee.
Toledo
Detroit
Cleveland
St. Louis
BREADSTUFP8.
The flour market
’
White
No. 1 white
Corn—West, mixed
4 40® 4 85'
Western No. 2...
5 00® 6 00
Yellow Southern.
6 00® 7 75
White
do
4 30® 5 50 Rye—Western
State and Canada
5 40® 6 25 Oats—Mixed
4 60® 5 25
White
3 40® 3 70 Barley—Canada W.
Total grain ....101,330,136
Friday, P. M., July 18,1879.
4 40
6 00
Wheat—
No.3 spring, $ bu.
No. 2 spring
Receipts of flour and grain at Western lake and river porta
ending July 12:
Flour
Friday.
3 30
for the week
Chicago
Wednesday.
$2 70®
and
ping extras
Tuesday.
Delivery.
Sept.-Oct—-6i3i6
bl)l.
State
Western
Extra State, &c...
Western spring wheat
extras
do XX and XXX...
Western winter ship¬
.
Delivery.
.July
6%'5>2332
July-Aug
63t®2332
Aug.-Sept.. 6i316®2532
Sept.-Oct
62732
prices at the West, with
family brands
South’n ship’g extras.
Rye flour, superfine..
Monday.
Delivery.
July
62532® %
July-Aug
62532
Aug.-Sept. 62732-® 1316
Oats have declined
lower
A
shade
easier.
75
1876.
J
2,781,519
24,587,411
33,164,401
13,093,744
2,950,606
944,718
80,740,880
ports from Aug. 1
moderately active and rather firmer
1878-9.
1877-8.
1876-7.
1875-6.'
bbls.
6,120,146
5,772,460
4,767,472
early in the week, but in the past few days trade has been dull Flour
5,189,420
and prices declined 10@25c. per bbl. from the highest figures of Wheat......bush. 88,895,105
74,140,869
38,271,838
64,430,117
Corn
89,601,075
82,298,341
the week, closing with little change from last
76,500,823
59,663,073
Friday. The Oats
30,928,929
25,695,012
21,074,458
27,746,376
9,527,652
improvement, however, was most decided in the lower grades, Barley
9,352,582
8,457,562
7.637,204
Rye
4,604,437
3,931,526
2,780,173
2,164,568
including the common extras, and the depression, when it
Total grain
223,557,198 196,418,330 147,084,914 161,611,338
came, was most decided in the higher grades, so that some
Comparative shipments of flour and grain from the same
irregularity is noticed. The choice “patents” have been es¬
ports
from Jan. 1 to July 12, inclusive, for four years:
pecially weak. Rye flour was very firm, though the demand
1879.
was moderate.
1878.
1877.
Corn meal met with an active demand, and sold
1876.
Flour
bbls.
3,561,403
3,052,068
2,147,100
2,956,099
up to |2 75 for Brandywine; but prices are easier at the close.
Wheat
bush. 29,195,516
27,699,413
9,242.688
23,189,760
To-day, the market was dull and weak.
Corn
43,799,527
41,769,746
31,802,922
35,831,844
Oats
The wheat market has been active,
11,304,345
8,597,363
7,512,060
11,063,635
opening buoyantly, but Barley
2,021,213
1,577,141
1,999,451
1,214,015
losing in the past few days a good deal more than the early Rye
1,527,532
1,613,930
1 791,142
368,442
advance gained. The sales on
Wednesday embraced a million
Total grain
87,848,133
76,257,593
51,348,263
72,172,696
bushels of No. 2 spring for through shipment to Great Britain
Rail and lake shipments from same ports for the last four
from the West on private terms, understood to be the
closing weeks:
out, in part, of the speculative account recently made in “cor¬
Week
Flour,
Wheat,
Corn,
Oats,
Barley,
Rye,
ending—
bbls.
bush.
bush.
bush.
bush.
bush.
nering” the market. No. 2 red winter Sold yesterday at $114(g) July 12
118,729 1,423,664 2,179,461 416,652 22,807 92,475
1 15% for July'and
July 5
104,735 1,642,352 1,702,874 432,902 11,678 39,624
onjhe spot, and $1 11%@1 12 forAugust and June
28
122,363 1,109,272 1,956.611
599,898 17,746 63,928
September; No. 2 amber about the same figures; No. 2 spring Juno 21
124,620 1,012,467 3,359,613
569,838 16,089 64,092
about $1 11 on the spot, and No. 1 white
$1 16% on the spot, Total, 4 w’ks. 470,447
5,187,755 9,198,559 2,019,290 68,320 260,119but offered at $1 14 for August and
September. The harvest T0t.4wks’78 392,081 2,727,098 6,567,370 1,567,951 77,174 131,196
of winter wheat in the middle latitudes has been
completed in
Receipts of flour and grain at seaboard ports for the week
the most satisfactory manner. The
yield is of good quality, the ended July 12:
condition excellent, and it is being marketed
Flour,
Wheat,
Corn,
Oats, Barley, Rye,
very freely. To¬
At—
bbls.
bush.
bush.
bush.
bush.
bush.
day, there was a fresh decline, with large sales of No. 2 red New York..
120,666
548,366 1,087,890 129,087
1,100 25,969
Boston
33,366
23,400 355,680 75,100
winter at $112@1 12% for July and
4,900
1,200
$110@110% for August Portland
1,500
4,000
1,200
and September.
Montreal
13,177
245,616
94,074
380
2,629
Philadelphia
13,150
167,700
286,500 54,600
1,500
Indian corn has ruled dull, and prices
Baltimore...
have declined, No. 2
10,100 415,400
348,400
8,000
1,000
New
Orleans
mixed for September delivery
5,544
6,326
70,858 23,060
giving way fully lc. a bushel.
At this decline the demand
Total week
197,503 1,406,SOS 2,247,402 293,676
yesterday was quite active. The Previous
6,380 29.6G9
week... 145,337 1,174,219 1,863,772 365,466
6,380 47,400
movement of the stocks of old com has
Cor.
week
’78....
131,601
increased
of
greatly
1,025,750 1,475,684 368,118
5,350 32,543
Cor. week’77
late. Crop accounts are very good,
85,984
295,754 1,570,025 312,484 38,443 12,456
except from the South,
where damage by drought has been done.
And from Jan. 1 to July 12, inclusive, for four
The business
years:
1879.
1878.
1877.
yesterday embraced large lines of No. 2 mixed for September Flour
1876.
bbls.
5,162,263
4,356,789
3,386,552
4,846,147
at 46%c.
To-day, there was not much change, but Western
Wheat
bush. 44,105,350
36,722,698
5,326,870
white, being very scarce, brought 50%c. for No. 2.
23,962,826
Corn
65,203,133
62,422,632
43,503,733
47,192,545
Oats
Rye has been active and very firm, the sales embracing on Wed¬
11,049,418
10,493,372
8,969,772
12,618,869
1,487,857
2,396,392
l,869,70u
1,971,584
nesday 60,000 bush. Western, at 64e. for No. 2 and 65%c. for Barley
Rye....
2,025,159
2,466,368
*
623,828
784,625
No. 1. State rye quiet.
Total
123,870,917
was
....
....
114,501,462
58,064,829
86,528,7181
THE CHRONICLE.
76
[VOL. XXIX
======3
Exports from United States seaboard ports and from Montreal,
for week ending July 12:
From—
New York
Boston
Portland
Montreal
Flour,
Wheat,
Corn,
Oats,
bbls.
bush.
hush.
Lbusli.
53,292
8,614
1,293,782
870,733
179,954
4,766
11,257
177,588
86,361
646,093
126,048
7,127
226,261
.
600
Baltimore.....
2,284
f Total for w’k
Previous week.
76.047
PhiljwlelpliHi.
2,203,814
1,352,878
2,087,521
988,340
89,701
Two weeks ago 125,980
Same time ’78.
68,744
Rye,
bush.
Peas»
bush.
62,977
5,512
1,689,039 11,993 62,977
3,200 86.350
2,033,940
2,167,712
1,599 142,369
1,875,584 181,755 38,923
Wheat,
Corn,
Oats,
bush.
bush.
bush.
Barley,
bush.
2,198,589
125,000
127,561
Albany
800
Buffalo
1,417,496
3,649,080
1,397,000
154,604
24,500
826,933
2,578,278
7,654
57,825
103,500
12,739
195,930
176,283
125,640
160,000
198,133
9,419
175.000
20,000
704,932
832
1,360
211.524
Milwaukee
Duluth...Toledo
Detroit
Oswego
St. Louis
Boston
Toronto
Montreal
113,098
94,679
119,627
Philadelphia
Peoria
14.654
Indianapolis
Kansas City
20,850
86,039
Baltimore
Rail shipments...
Lake shipments..
On Canal (est.)....
Total
July
5,’79
Juiie 28,’79
June 21, ’79
June 14, ’79
July 13,’78
;
332,020
493,724
929,940
1,372,000
90,700
672,617
108,815
19,000
64,682
713,187
617,772
1,561,689
813,000
45,099
20,880
43,503
6,090
13,105
Rye,
bush.
35,323
100,000
367,127
81,378
13,880
92,815
27,813
16,331
8,000
17,400
19,171
61,689
3,794
881
94
38,041
33,676
400
342
500
65,956
9,100
8.148
44,292
16,585
5,700
76
2,447
271,299
145,353
21,133
36,753
1,674
116,000
13,000
55,722
16,000
329,9~9
428,074
435,506
434,406
458,265
346,724
Friday, P. M., July 18, 1879.
dry goods trade has undergone very lit¬
tle change the past week, and business continued light in all
departments. Package buyers have commenced to arrive in
considerable numbers from the South, Southwest, and other
parts of the interior, but their operations were on a very mod¬
erate scale, owing in a measure to the extreme warmth of the
weather, which caused them to defer their purchases of autumn
goods. The market retains the healthy tone reported for some
time past, and while values of all textile fabrics are firmly
maintained, stocks are exceptionally light (for the time of year)
in the hands of manufacturers’ agents and importers.
Domestic Cotton Goods.—The exports of cotton goods (from
this port to foreign markets) during the week ending July 15
were 1,037 packages, of which 271 were sent to Great Britain
239 to Mexico, 181 to Brazil, 108 to United States of Colombia^
71 to British West Indies, 57 to Venezuela, &c. There was a
steady movement in plain and colored cottons, in execution of
former orders, but new business was of strictly moderate pro¬
portions and chiefly of a hand-to-mouth character, aside from
grain bags and cotton warps and yarns, which continued in
-The condition of the
trifle, and moderate
transactions were reported at 4%@4%c., cash, for 64x64s and
354c., cash, for 56x60s ; but all other makes of staple cotton
a
were
and
Dark prints
ruled quiet,
lightly dealt in.
were firmly held at unchanged quotations.
in better request, but other makes of calicoes
ginghams and cotton dress goods were
683
1,127
628
656
220
Miscellaneous
Total
Pkgs.
17, 1879.
1879.
Value.
Value.
Pkgs.
$
$
628
330,934
334,042
377,262
144,744
76,970
3,314 1,263,952
Manufactures of—
Wool
Cotton
Silk
Flax
207
183
85
352
619
Miscellaneous
,978
271,528
256,271
936
538
825
159
989
1,499
303
3,086 1,071,921
85,692
177
193
64
191
ISO
82,176
60,144
71,722
19,605
403,407
479,196
582,427
279,722
101,859
1,809
328,509
160,390
55,223
WITHDRAWN FROM WAREHOUSE AND THROWN INTO
ING THE SAME PERIOD.
5,578 1,846,611
THE
MARKET
228
194
86
278
58
77,764
63,682
42,503
43,847
9,976
DUR-
84,956
71,198
76,585
50,179
2,506
Eut’d for consumpt.
319,339
1,446
3,311 1,263,952
805
237,772
3,086 1,071,921
844
285,415
5,578 1,846,611
Total
4,760 1,583,291
3,891 1,309,693
6,422 2,132,026
Total
on
—
market...
ENTERED FOR WAREHOUSE DURING
15,936
38,090
goods
Value.
$
Manufactures of—
Wool
Cotton
Silk
Flax
16,000
23,021
34,373
14,900
11,701,597 11,757,399 1,489,490 380,475
12,184,153 11,547,230 1,581,995 366,334
13,438,605 11,463,633 2,027,994 378,852
13,892,032 11,516,571 2,051,644 441,396
13,930,328 11,666,721 1,981,291
531,285
4,425,357 6,447,178 1,580,138 1,026,564
Print cloths declined
1878.
1877.
Manufactures of—
Wool
Cotton
Silk
Flax
419
322
117
707
110
..
Miscellaneous
198,663
93,053
78,644
105,436
28,234
236
272
55
234
SAME 'PERIOD.
369
270
74
531
98,918
66,960
38,236
41,946
50,061
7,039
148,613
93,947
78,957
111,103
48,809
1,602
Ent’d for consumpt.
504,030
1,675
3,314 1,263,952
296,121
7,836
3,086 1,071,921
2i®46 481,429
5,578 1,846,611
Total at the port...
4,9S9 1,767,982 10,922 1,368,042
8,424 2,328,049
Total
Imports of Leading Articles.
The following table, compiled from Custom
shows the foreign imports of leading articles at
House returns,
this port since
period in 1878:
January 1, 1879, and for the
same
[The quantity is given in packages when not otherwise specified.]
THE DRY GOODS TRADE.
brisk demand.
follows: '
**-..*•
729,923
75,000
Chicago
as
ENTERED FOR CONSUMPTION FOR THE WEEK ENDING JULY
Pkgs.
286,043
:
New York
Do. afloat (est.)
1877, have been
15,368
supply of grain, comprising the stocks in granary
at the principal points of accumulation at lake and seaboard
ports, and in transit by rail and canal, July 12, was as_folIn Store at— .'
importations of dry goods at this port for the week Riding
July 17, 1879, and for the corresponding weeks of 1878 and
100
The visible
lows
Importations of Dry Goods.
The
1879.
1878.
6,634
20,352
127,045
18,461
2,766
5,181
23,369
6,353
20,031
122,186
10,595
China, Ac.—
China
Earthenw
Glass
.
Glassware.
Glass plate.
Buttons
Coal, tons...
Cocoa, bags.
Coffee, bags.
Cotton,bales
Drugs, Ac—
Bark, Peru.
Blea. powd.
Cochineal..
Gambier
Gum, Arab.
.
.
Indigo
Madder, &c
Oil, OliVe..
Opium
Soda, bi-cb.
Soda, sal...
Soda, asli..
..
17,615
1,197,710
8.768
23,048
10,688
2,107
30,872
3,325
3,510
1,622
26,327
733
..
Flax
Furs
7,615
30,059
34,526
1,712
4,642
.
500
Gunny cloth
Hair
Hemp, bales
Hides, Ac.—
Bristles
..
Hides,dr’sd
Ivory
Jewelry ,&cJewelry
..
.
.
351
267,079
64,078
Metals, &c—
Cutlery....
Hardware
1,389
.
349,967
917,901
394,844
30,322
1.154,583
525,927
31,235
42,935
.
'
310
291
55,009
94,696
25,744
80,304
18,688
1,143 Wines, Ac.—
5,976 Chainp’gne
baskets..
1,835
4,277 Wines
2,049 Wool, bales.
23,466 Reported by
435
30,463
34,845;
l,927i
3,342;
588,
2,359
Corks
Fancy goods
Fish
1,279,
292
Lemons
..
Oranges
.
...
Nuts
....
Hides, undr.
Cassia
Ginger....
Pepper....
Saltpetre
...
207,808 Woods51,941 Cork
Fustic
2,474
2,161
278
306
48,811
$
727,366
39,172
424,225
200,259
814,881
25,985
396,488
188,813
675,845
1,372,432
404,926
406,043
5,570,262
210,431
788,025
1,282,204
458,250
353,684
6,254,490
140,682,
217,062
90,692
320,123
175,626
100,038
34,562
193,998
119,043
25*9,494
83,668
393,764
108,180
249,466
22,393
410,851
36,913
Fruits, Ac.—
2,479 Rice
25,196 Spices, Ac.—
755{
*
$
value.
13,501 Cigars
Raisins
c
426,857
Steel
Tea
19,374 Tobacco....
14,267 Waste
811
879
710,763
9,000,717
76,292
4,280
717,765
23,609
562,467
6,034,752
73,330
•
12,959 tcs., & bbls.
852,002 Sugar, boxes
2,668 and bags...
726
2,547
27,326
5,748
1,059,336
1878.
50,134 Sugar, hhds,
112,686
.
Watches
Linseed
Molasses....
Metals, Ac—
Lead, pigs.
Spelter, lbs
Tin,, boxes.
3,120 Tin slbs.,lbs
4,735 Paper Stock.
2,224
114,655
.
India rubber
1879.
Logwood
..
Mahogany.
Exports of Provisions.
Domestic Woolen Goods.—Transactions in men’s-wear wool¬
following are the exports of provisions from New York,
mostly restricted to making deliveries of heavy-weight Boston, Baltimore, Philadelphia, Montreal, Portland, and New
fabrics on account of previous orders, and new business was Orleans, for the week ending July 12,1879, and their distribution:
light and unimportant. The best makes of fancy cassimeres,
To—
Cheese,
Tallow,
Bacon,
Lard,
Pork, Beef,
lbs.
lbs.
lbs.
lbs.
bbls.
bbls.
suitings, cheviots and worsted coatings are in most cases sold
up to production, and prices are consequently firm. Overcoat¬ Liverpool.... 1,480
465 1,845,652 6,136,679 7,173,144
161
107
34,800
947,520
19,700
ings, beavers, cloths and doeskins ruled quiet but steady at London
434
273
93,500
123,400 1,340,550 1,292,460
Glasgow
unchanged quotations. Cloakings received a fair share of Bristol
75
455,050
773,160
26,500
109,260
110,00a
Hull
204.250
78,000
attention, and repellents continued in moderate request and British
150
130,620
94,525
ports.
firm. Kentucky jeans were in irregular demand, with most rel¬ Antwerp
140
105
55,200 1,839,300
6,720
15
3,600
12,100128,000
Hamburg....
ative activity in the best doeskin makes, and satinets moved Rotterdam.
171
70
128.250
4,450
600
50
24
37,225
160,000
slowly. Flannels and blankets were only in limited demand Bremen
71,739
897,890
21,000
Tfji.yre
but firm.
For worsted dress goods there was a little more Marseilles....
32,880
23,750
403,750
10,860
Cont’l ports..
inquiry, but woolen shawls remained quiet.
32.371
26,898
10,788
531,519
S.AC.America “350 "i'9’0
29,800
7,846
903,853
Foreign Dry Goods.—Imported goods were in very light West Indies.. 2,423 1,123
115,898
300
1,320
299
12,700
Br. N. A. Col.
demand at first hands, but prices generally were steadily main¬ Oth’r countr’s 1,836
750
4
385
3,000
1,200
tained. Silks were devoid of animation, and dress goods quiet.
354,963
Total week.. 7,157 3,173 3,923,834 11,7 4^.298
Dinen goods were in moderate request and firm, but white
3.604 2.025 4,289.507 13,524,278 4.754.01 8 1.377.888
Previous
w’k
goods?
laces and embroideries moved slowly.
0.0,496,142
The
ens were
..
'
*
*
4
July 19,
THE CHRONICLE.
1879.]
a£H£JIAL
GUNNIES.—See report under Cotton
A&HKS—
...
V ft.
BRKalstUFFS—See special report.
BUILDING MATERIALS—
Bricks— Common bard,afloat..V M
Croton
do
9J
70
©
© 60 00
22
so
©
© 45 00
Maple
Sails—10@60d.ccm,fen.& sb.V keg
© 45
a 2
3 75 © 4
© 4
© 2
7
e
«k *
Catspikes.allslzes
faints—Ld.,lno1i, com., pilce. *) ft.
Lead, dry, combination, p.lc *,.,,
Bine, ox de. dry
BInc.Fre ch. green se 1
•
11
good to pr me “
WelBh, State, fair to choice.... “
Western da.ry, fair to choice.. “
9
1 40
®
14
13k
©
15
ll
9
®
‘
Schedule
.
New-
..
i
Grate.... 2
22
2
2
....
...
Egg
...
...
*
50 cents
§ L. & W.
Port
Weehawkea. Johrst’n.
.UB
..
,«t
.
$ 53
*> 53
2
23
25
f 2 17
17k@2
5.i
k®2 20
2 5
2 5i
20 @: 21%
2
SO
2
22k
i0
2 <0
2 tO
a 6J
2
5
2 90
55
@2 6j
2 9J
2 S7k®
2 75
40
2 nri
additional lor delivery at New York.
quotations are for Wilkesbarre coal.
buig.*
St’mb...$2n5
ll ^5
_
5 L. * w.
Schedule.
D. & H.
Sch *duie.
..
...
CuFFAK—
ttlo, ord. car
$)ft
“
“
“
"
do
do
do
do fair,
do good,
do prime,
Java, mats
Native Ceylon
Mexican
Jamaica
Maracaibo
"
Laguayra
“
“
“
St. Domingo....
8a vanilla
Costa Rica
COPPER—
'
25 ^
16
©
15k
(4
15
17
15 k
a
©
10'A i
U ©
14 ®
“
“
*
11*
17
17
V ft
Sheathing,new (overl2
Braziers’(over 16 oz.)
American Ingot. Lake
COTTON—See special report.
DRUGS ft DYES—
Alum, lump. Am
13
V 100 ft.
•
Aloes.Cape
Aloes, barbadoes
Viuun>.
.'.Vft.
V lcO ft.
per ton
*».
Brimstone, 2nds &8rde
Brimstone, Am. roll
Camphor refined
Castor oil, E.I.lnbond
Catch
Gambler
©
2
8 55
<a
©
2k
3 to
I'.k3
....
6
1 u5
4 24 5J
®
...
3 32k3
15 74 ®
57
©
54
©
©
IS ©
53f®
3 62*®
per 100 lbs.
.....
2i%
1 0/
3 65
16 00
69
55
28 k
16
o
4*
®
3 75
l CO
!5 ©
22 ®
23
Ginseng
23
24
SU
23
"k®
30
Madder, Dutch
Madder,French,
Natgalls.blue Aleppo
20
©
1*®
8
22 a
33 a
3 50 a
35 a
Oil vitriol (66 Brimstone)
Opium,Turkey
(in bond).
Prussiate potash,yellow, Am
Quicksilver
Quinine
Ehubarb, China,good to pr
Sal soda, Newcastle
V loo n>.
Shell Lac. 2d A 1st English
V ft.
V 100 ft.
Soda ash
1 0*k
33
7k
3 20
1 50
1 60
7*4
4
do
do
•k
00
24
40
eo
^ ft.
Peaches, pared, Ga., good to ch’ce..
do
unparel halves and qrs...
Blackberries
Raspberries (new)
,
...................
*
<k
4k
14
6
15
i7k
©
©
2k©
©
25 ®
13k©
12
11
iik
@
4
Cherries, plUeu, ary mixed (new)..
1 70
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3
4
a
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71
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@
58
12*
4
i*
4
9
3
5
i4k
13
1*
2 23
100 ft.
1 75
1 75
a 10
2 !5
1 65
2 25
4
Honduras, sheet
Mexicau. sheet
Pepper, Batavia
do
Singapore
V ft
@
© 20 CO
a 18 00
17 (0
16 TO © 1.’ 50
19 00 @ 22 (0
/Store Dr ices,
Bar.Swedes ordinary sizes... V lb.
5
....a
Bar refined, Eng. and Amer.per ton. 15 50 © 18 00
Sheet, t4uc*si&, 8 to 14
Vft
Rails, American, a tide-water
tide water.
Steel rails, American, a
iik@
39 0o
49 .0
Cassia, China Llgnea
Batavia
do
Ginger, African
do
Calcutta..,
Mace.
;
Nutmegs,Bataviaand Penang
Pimento, Jamaica...
Cloves
do stems
u
<a 4) 0J
© 5J 00
“
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fc
$ ft.
...
4
iik
5
6
©
LEATHER—
Hemlock,Buen, A’res, h.,m.& l.Vft.
California, h., m. & 1
common hide,h., m. & 1....
20
rough
Slaughter crop
Oak. rough
22
©
23
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‘.3
23
©
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28
29
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a
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vlk
21
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.
Barbadoes
Demerara
Porto Rico
do
£0 test
N. O., com. to caoice
13
25
23
2'
18
2)
25
¥> gal.
“
.
Cuba, Mas., 50 test
“
“
“
“
....
“
©
©
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31
20
V*
©
23
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@
15k
4M
34
a
1 62^
1 62*
; do
27 k
1 35
NAVAL STORES-
Tar, Washington
...V bbl.
Tar, Wilmington
”
Pitch, city
**
Spirits turpentine
8 gal.
Rosin, strained to good strd.fi bbl.
“
low No. 1 to good No. 1
“
“
low No. 2-to good Ho 2
“
••
low pale to extra ja e.. “
"
window glass
“
1 40
140 ©
....a
27k a
1 3j ©
2 DO a
1 40
3 25
4 50
a
a
a
3i2*
1 60
4 5J
5 00
Brandy, foreign brands
Rum—Jam.,4th proof
St. Croix,Sd proof
Almonds, Jordan shelled
V lb
Fllnerts, Sicily
Walnuts, Naples
55 ©
....©
©
11 ©
7 ©
Vfial.
Olive, m casks V gall...
Linseed, casks and bbls
II
si
II
•1
II
II
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33
1 4)3
62
26
55
42
33
75
90
41
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a
a
a
a
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a
©
7k
9
Ilk
8
10
36
1 15
64
27
75
44
40
73
S3
46
gal.
Refined...
Naphtha,City, bbls
“
a
..
5V
10k
©
4k i
Vhbl. 9 25 a
....©
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...a
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10
25
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11 50 © 12 CO
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20 0.1 ©
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5
V ft
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6
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mess
Beefh&T(ie,Western
Bacon, West, long clear
....
Hams.smoked
Lard. City steam,
.,
Gin
V ft.
SALTTurk’slsland
St. Martin
V bush.
3
©
23
@
7*
*3*
27
....a
Liverpool, Ashton’s fine
SALTPETRE—
Refined, pure
Crude
Nitrate soda
SILK—
6*4
“
lO? ft
Rangoon, tn bond
¥) sank.
....©
Vft
100 lb.
6
©
5 25 a
..-..©
per
‘
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Tsatlees, No. 2
5 25
Tavsaams, No. 1
Re'-reeled Tsatlees, best..
Re*reeled Canton Congoun, No. 1...
42
©
14
do
Domestic
Alcohol
gold.
© 17 00
“
"
2 75
a
8 00
4 UO
3 25
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8 60
8 60
©
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3
©
2 00
Irish
“
©
liquors—
V gall.
Whiskey
“
....
...
.1
16k 4
American
American
American
American
American
blister
cast, Tool
cast
14
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10*.
11*
9
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10
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spring
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spring
German
10. *
9K@
10k©
**
machinery
9d
Store Prices,
16
14k©
4R ft.
.
•
•
• •
•*
• •
SUGARInferiorto common refining....^ ft.
Fair
”
Good refining
“
Porto Rico, refin , fair to prime “
Boxes, c ayed. Nos. 10©12
“
Manila,
sup.
7
“
4^®
6 ©
"
an1 ex. sup........
Batavia. Nos 1"@12
Brazil, Nos. 9@ll
“
“
“
Rpflned—Hard,crushed
Hard, powdered
do granulated
do
5K®
6k
6k« 6 1-16
6k ■* 6 13-16
6*®
<*
“
7
cut loaf
“
do
off A
White extra C
Extra C
“C”...
Yellow..
6k
7 9-lff
5k
6k
7*
6*
8*
8*
©
©
8*^
8*®
8*4
8k®
“
Coflee, A, standard
®
5^'A
...
“
“
“
8
“
“
”
"k®
7k %
7* J
"
6k®
1
©
|S
%k
6
TALLOWPrlme city.
ft. 5
a
15-16@
TEA—
Llyson, Common to fair
do
Superior to fine
do
Extra fine to finest..
17
25
©
©
85
©
do
Choicest....,
Young Hyson,Com.to fair
do
Snper.to fine
do
Ex.flneto finest....
do
Choicest....
Nomina
17 ©
25 ©
88
55
17
SO
43
60
18
Bunpowder.com to fair
do
Sup.to fine
do Ex. fine to finest
do Choicest...
Imperial, Com. to fair
do
do
21
Sap.to fine
o
Extraflne to finest
Ex. fine to finest
Uncolored J apan ,Com. to iair..,,,,
do
Sup'rtoflne
do
Bx.flne to finest
do
do
Oolong, Common to lair
do
Superior to fine
do
Ex fine to finest
-j
do
Choicest
Sooc. & Cong., Com. to fair
do
Sup’rto fine
do
Bx.flneto finest
'
do
a
1
©
©
a
©
a
©
©
a
Nomina
18 ©
28 ©
S3 ©
17 ©
25 ©
-
a
©
18 m
37 ©
40 a
55 ©
Choicest
TIN—
Banca...
Straits
33
12
14
85
55
¥>ft.
**
"
English,refined
Plates. I. C., coke
Vbx.
Plates.char.terne, 14x20........ A*
Kentucky
lugs, heaxy
Vlb
“
leaf,
44
com. to fine.
Virginia Leaf—
Lugs, common to fine
....
Dark wrappers.
Bright wrappers, common to fine.
Yara, 1 and ll cuts, asBoried
Havana, com.to fine.
Manufac’d.in
bond, black work
44
44
bright work
WOOLAmerican XX
American, Nos. 1 & 2
Vft
American,Combing and Delatee....
Extra,Palled
No.l, Pulled
California, Spring
Clip-
Superior, unwashed
RICE—
Carolina, fair to prime
Louisiana, fair to prime
16*
....©
75
82
4 00
8 50
...
Pork, prime mess, West..
Buel, p ain mess
Beef, extra
5
9k*
15k®
20
5
4
13*
l«k®
15
4 9J
5 5)
®
©
&
15
•
•
•«-
5 50
5 62*
TOBACCO-
.a
ton.
29 00 a
••
*•
“
18*
16*
3 80
V gal!.
“
Hyson 8kln.& Twan..com. to fair.
do
do
Sap.to fine
NUTS—
Brazil, (new)
12
SPIRITS—
Melado
....a
4 10
UK©
IS ©
....©
IS ©
....©
....©
70 ©
78 ©
...
Centrifugal, Nos. 7@13
100 lbs.
900
....a
white
do
English bii8ter,2d& l&tquallty.. “
English machinery
“
English German,2d & 1st quality “
-
V ton. 19 50
©
3 00
English,spring,2d & 1st quality.. “
@
Pig,American, No.1
Pig, American, No.2
Pig, American, Forge
Pig, Scotch
5 75
4 75
©
SPICKS—
English, ca8t,2d*lstquality
..<?*.
62k*
...
Domestic, common
D mestlc refined
STEEL
55k<4
53)^©
PROVISIONS—
Pork, new mess, spot
Pork, extra prime, new
6 UO
a
®
3 ®
Ik®
2k®
7
16
10
10
3
5
@
@
2
.
PETROLEUMCrude, In shipping order
a
a
11
8k
©
©
City, thin oblong,bags
V
Western, thin oblong (Dom.).
4
Ilk©
ft ft
12
10 *
OIL C AKE-
3
17
...
9
10
11
&
7
63
52
II
10
13
5 50
caBe.
quarters,
Plums, Smie
Whortleberries.,
a
i3k®
5*a
Dates.
Apples, Southern, sliced
ao
do
quarters
do
State, sliced,
Para, fine
Para, coarse
Esmeralda, pressed, strip
Guayaquil, p essed, strip.
Panama strip
Carthagena, Dressed
Nlcaregua, sheet
Nicaragua, 6crap
Sheet
....©
65 ©
00 ©
10 ©
60 ©
35 ©
1
2
2
1
1
Canary, Spanish
Canary, Dutch
*
Hemp, foreign
Flaxseed, American, rough..Linseed, Calcutta
V 56 ft.
Linseed, Bombay
V II ft.
Whiskey, Scotch
Neatsloot, No. I to extra
Whale,bleached winter
Whale, crude Northern
Sperm, crude
Sperm, bleached winter
Lard oil. Nos. 1 and 2
3 25
©
©
13
10
<&
@
8
7
3
Menhaden, crude Sound
8 75
5 50
20
20
©
'6
Yearliiigs
Cases...,
501b.frall
Sardine?, V half t ox
Sardines, f) quartar box
Macaroni, Italian
Domestic Dried- •
HOPSNew Yorks, new crop, low to fair...
do
meaium to choice
Eastern
Western
Olds all growths
4
*
@
©
®
®
9
23
*0
10 ©
9 ©
3 ©
0
21*
5k®
Mackerel,No.2 Mass.shore
f*
“
"
“
ll
13 ©
Gr’d Bk.S George’s (new) cod.V qtl
pr.bbl
Mackerel, No. 1,M. shore
Mackerel, No. 1, Bay...
Figs, new
Canton Ginger.,-
do....
OILS—
Cotton seed, crude.
FISH—
Mackerel. No.2, Bay
FRUIT—
BJalsins.Seeaiess, per
do
Layers
do
Loose
Valencia
do
Currants
Citron
Prunes, Turkish, new
do
French
Texas,
E. I.stock—Ga).,slaught.cow.
Calcutta .dead green.
OAKUM—Navy,U.S. Navy ft best V ft.
16 ©
157k©
Sugar of lead, white,prime.... Vft.
Vitriol, blne.common
9k®
do....
Pecan
16
®
®
2*®
“
California,
Cuba, clayed
h
28
Glycerine, American pare
Jalap.
Licorice paste,Calabria.
Licorice paste,8iclly
Licorice paste, Spanish, solid
16*
2k®
24X®
“
Cochineal,Honduras, silver
Cochineal,Mexican
Cream tartar, powdered.-.
Cahebs, East India
©
2(0
13
2U
1 211
Vgal.
100 1b.
Caustic soda
Chlorate potash
©
12*3
9k 8
8k®
**
••
21
MOLASSES—
21
24
1
V lb.
Arsenic,powdered
Bicarb.soda,Newcastle
Blchro. potash
Bleaching powder
21
©
©
oz;
••
•*
do....
do....
Matamoras.
do
Wet Salted—Buen. Ay, selected
Para,
do....
Texas, crop
.
dolts
“
"
••
Domestic, common
Bar (discount. 10 p. c.)
©
S
6*1
7k®
yt bush.
Foreign
20k®
....a
19 «©
19k®
l«*ft
19k©
17 a
do....
do....
IRON-
® ft.
Clover, New York State
Timothy.
Canary, 8myrna
Canary, Sicily
8PELTER—
HIDES—
Ordinary foreign
113(4
24
14
14
12
12
13
‘5k
©
LEAD—
1134 t
IS* *
“
4
....
1%
INDIA RUBBER-
....
D.L.ftW.
Auction.
June 25.
Hoboken.
7k®
5k«
•
....
PeDn.
145 CO®
us < 0©
no 0>©
tfft.
Calcutta, buffalo
ii”
©
CHEESE—
State factory, fair to prim j,old. Vft
6
5k®
Western flat,fa r to fine
**
5 a
COAL—
Liverpool gae cannel
© 8 00
Liverpool house cannel ...
^
1100a
Anthracite—The following will show prices at
last auction or preseit sche mie ratthe names im¬
mediately above the figures inlicate the places of
delivery:
50
®
253 00®
..
3^
a
?k a
1 2) ©
n>.
•
45
f)ton.
Orinoco,
California,
...
3
Paris white. Knt.cliff lone V UU ft.
BUTTER— (Wholesale Prices)—
State, palls
and tube, fair to
IN
©
HEMP AND JUTE—
American dressed
American undressed
Russia clean
Italian
Manila
Sisal
Jute
Corrientes,
Rio Grande,
25
16
00
25
50
50
50
©
f) 100 ft
Dry—Buenos Ayres,selected. .Vft.
Montevideo,
do.... "
© 45 00
©150 00
,,,,
Sdfln®...
•
© 22 00
35 00
35 00
75 00
13
14
*) M. ft. 20 00
choice
West’n creamery
•
•
90
40 U0
18 90
tady boards, com.to g'd.each.
Hemlock boards, each
•
® 5 75
© 9 50
© 26 00
®
©
2 5)
7 U0
22 00
Cement— Rosendale
V bbl.
Lime— Rockland common....!) bbl.
Rockland finishing
4*
A
SEEDS—
Clover, Western
HAYNorth River shinning
PRICES CURRENT
Poti av.oned..
77
250
9
5 50
3 62k
® 5 75
None.
Fair
Interior.
Barry
Am.Merino, unwashed
Cape Good Hope,unwashed,.
Texas, fine. Eastern
Texas, medium. Eastern
Smyrna.unwashed
South
FREIGHTS—
To Livkefool:
Cotton
..ft ft.
Flour
V bbl.
Heavy goods. .V ton.
Corn.b’lk ft bgs. V bu.
wneat.buikft bags..
6 00
(3»
6 25
Beet
V tee.
5 75
®
6 U0
Pork
V b^!.
—STEAM.
8.
d.
V.
d.
3-16©
k
1 9 @2 0
17 6 @30 0
....@
6
6k®
6k
••®‘ 6
•
S
8k®
5k®
2
12
©
©
15
©
72k©
4k
11*
4
15
45
-
•••
8J
©
1 20
11
©
©
18
40
14
78
PHE
Financial,
Trask
&
BANKERS
a
BROKERS,
York
on
Direct Line
on
The General Trans-Atlantic
Mail
NEW
BONDS,
SELL
GOLD,
MISCELLANEOUS
STOCKS
BANKERS
7 Wall
AND
SECURITIES.
A. H. Brown &
and
Co.,
For passage
brokers,
LOUIS
and stocks
BOUGHT AND
E.
S.
7
Bonds
SOLD.
STREET.
Dealings In
A
F.
AND
333 MAIN
STREET
they
Sliirts and
BUb*ON,
15 Chaunoey St.
England
John Dwight & Co.,
MANUFACTURERS OF
SUPER-CARBONATE
*
OF
SODA.
$200,000.
No.
STREET, NEW YORK.
The
11
Old
George A. Clark & Bro.,
lOjbJui]
ed without charge. Loans carefully placed also on
Real Estate 1Q the Cities of New York, Brooklyn,
MUNICIPAL. DISTRICT SCHOOL. GAS AND
WATER BONDS, RAILROAD and other CORPOR¬
ATE BONDS negotiated. Defaulted Bonds converted
Into Interest-paying Investments. Coupons collected
TEMPORARY LOANS made to Counties. Towns
Ana Cities in
anticipation of Taxes and other
Revenues.
Coupons paid for States, Counties, Towns,
■Cities, Railroad Companies, &c.
AND
MILWARD’S HELIX NEEDLES.
400 BROADWAY, NEW YORK.
Brinckerhofl, Turner
&
AGENT for
B&llroad, Mining and other corporations, and alBO
'Trustee of Bondholders.
as
FINANCIAL
NEGOTIATIONS
conducted
for
States, Counties, Towns Cities, Railroad and other
Corporations, and Individuals.
John C. Shobt, President.
Debeyotse, Vice-President.
Wm. P. Watson. Secretary and Treasurer
Co.,
? Manufacturers and Dealers In
COTTON SAIL DUCK
And all kinds of
Geo. W.
COTTON CANVAS, FELTING DUCK, CAR COVER
1NG, BAGGING, RAVENS DUCK, SAIL TWINES
*C. “ ONTARIO ’ SEAMLESS BAGS,
41
a
AWNING STRIPES.’
Also, Agents
United
States
Banting Company.
A full supply all Widths and Colors always
in stock.
07
'tm.
His Celebrated
Numbers,
303^404-170-361 -332,
and his other
styles may be had of all dealers
throughout the tootid,
Joseph Gillott & Sons,
33 Wall
in
New York.
defers hv permission to W. S. Nichols ft Co.. Bankers
Publications.
^ The Greatest
Authors, such
Living
as
Prof.
Max
Muller, Rt. Hon.
W. E. Gladstone, Jas.
A. Froude, Prof. Hux¬
ley, R. A. Proctor, Ed.
A Freeman, Prof. Tyn¬
dall, Dr. W. R. Car¬
penter, Frances Power
Cobbe, The Duke o
Argyl
wm. Black, Miss Thackeray,
Miss Muloch
Geo. MacDonald, Mrs.
Oliphant Jean Jngelow, Mrs. Alex¬
ander,
Thomas
Hardy, Matthew
Arnold, Henry Kingsley, Turguenief,
Carlyle, Buskin, Tennyson, Brown¬
ing, and many others, are lepresented in the
pages of
Littell’s Living Age.
Jan 1, lS-^. The Living Age entered upon its One
Hundred and Fortieth volume. During-tbe year it
will furnish to its readers the productions of the
foreniot authors above named and many others;
embracing the choicest Serial ana Snort Stories by
the
LEADING FOREIGN NOVELISTS.
Mortgages, at8,9 & 10per cent Interest, and on choice
business property In Cincinnati, Cleveland, Indian¬
apolis, Detroit, Chicago, St. Louis, Kansas City and
other large Western Cities. Current interest collect¬
Jersey City, Newark, &c.
Slip,
New York
Jobbing Trade ONLY Supplied.
MONEY CAREFULLY INVESTED for Capitalists,
Trustees of Estates, Guardians, Fire & Life Insurance
Companies, Savings Banks,5 Corporations and other
Investors. Strictly Conservative.
LOANS CABEFUJ LY PLACED on Western Farm
F
J. Alden
Gaylord,
St., New York,
•
J. W. DAYTON. 23H Chkstn’Ttt Street.
NEW YORK, BOSTON, PHILADEL¬
PHIA AND CHICAGO.
Drawers
From Various Mills.
PHILADELPHIA,
STOCK TRANSFER
JOHN W. MASON Sc CO.,
43 Broadway, New York.
FOR
NEW YORK.
43 & 45 White Street.
(INCORPORATED.)
WILL ACT AS
cut. FLAT STEEL AND
IRON ROPES for Mining
purposes manufactured to
order.
are
AND ALL CLAS8KS OF
mills,
Saratoga Victory Mfg Co.,
INVESTMENT CO.
PINE
Cards.
AND
& Western
& 33
vanned Charcoal and BBfor
■ships’ Rigging, Suspension
Bridges, Derrick Guys,Ferry
Ropes, &c.
A large stock
constantly on hand from
which anr desired length
Liter ton New Mills,
Atlantic Cotton
Hosiery,
■Special attention paid to investment orders for
SI
Planes, Transmission
Also Gal
ST. LOUIS CITY Sc COUNTY BONDS
E.R.Mudge,Sawyer&Co
(HILLS BLOCK),
■
cllned
tof Power, &c-
DBALEU
AGENTS
miscellaneous Stocks and Bonds.
-
CHARCOAL
superior quality
suitable for MINING AND
HOISTING PURPOSES, in.
WasliInstou illilJs, Chicopee Hfg Co.,
Hurltngton Woolen Co.,
HARTFORD, CONN.
Capital Stock
AND
IRON of
INVESTMENT & MISCELLANEOUS SECURITIES
BROKER,
.N e w Y ork, N ew
R op
STEEL
No. 37 Wall Street.
Commercial
Blakeslee,
STOCK
30
Hayti, Gonaives, St. Marc, Port au Prince, Aux
Caves and Jacmel, in Hayti; Santa Martha, Savanilla, Carthagena and Aspinwall, in Colombia; and
Greytown, Nicaragua.
Regular Fortnightly Sailings from Pier No. 51
North River as follows :
For Hayti, Colombia, Greytown, Port Liman, Aspin¬
wall, Panama, and South Pacific Ports :
ATLAS
July 29 | AILS A.....
Aug. 13
For Kingston (Jana.), Hayti and Maracaibo :
ETNA
July 24 | CLAR1BEL
Aug. 7
Superior first-class passenger accommodations.
P1M, FORWOOD & CO., Agents,
SPECIALTY.
Cash paid at once for the abo^e Securities; or
•will bn sold on commission, at eller’i? option
B.
AGENT
Hong Kong, Canton, Amoy, Foochow
Shanghai and Hankow, China.
BEBIAN,
Stocks
Insurance
MERCHANTS
SHIP
For West Indies and South America, Calling at
the following ports, viz.: Kingston (Jam.), Cape
Bailey,
PINE
AND
Atlas Mail Line.
NASSAU
BOND
DE
59 Wall St.. N. Y.
Russell & Co.,
Agent, 55 Broadway.
J. S. Stanton,
STREET,
County
42 North River, foot of
Jb*.
COMMISSION
and freight apply to
INVESTMENT SECURITIES.
and
S. W POMEROY"
twelvemonths.
St., Cor. New, New York.
Railroad, City,
HAVRE.
CANADA, Franguel
Wed.. July 23, 8 A. M.
LABRADOR. Sanglier
Wed.. July 30. 3 P. M.
ST. LAURENT, Jouclo
Wed., Aug. 0,8 A. M.
PRICE OF PASSAGE, (including wine;:
To Havre—First cabin, $100; second cabin, $65:
third cabin, $35; steerage, $20, including wine, bed¬
ding and utensils.
Return tickets at very reduced rates, available for
Special attention to business of country banks
10
AND
sail from Pier (new) No.
Morton street, as follows :
BANKERS, No. 12 WALL STREET
AND
YORK
Kong.
AGBNT
Steamships,
The splendid vessels on this favorite route for the
Continent—cabins provided with electric bells—will
Hatch & Foote,
BUY
Compauy,>
BETWEEN
re
favorable terms.
■GOVERNMENT
France.
to
Hong Kong & Shanghai
Banking
Corporation,
Office, Hong
Head
General Banking Business.
STOCKS, BONDS and GOLD Bought and Sold
Commission, and carried on Margins.
Deposits Received and Intei est Allowed.
VT Accounts of Country Banks and Bankers
•celved
Commercial Cards.
OKL Y
Francis,
AND
[VOL. XXIX
Steamships.
70 Broadway & 15 New St., New
Transact
CHRONICLE
No. 109
Dnans
Street.
and
an amount
Unapproached by
any
other Periodical
In the world of the most valuable Literary and Scien¬
tific matter of the day, from the penp of the FORE¬
MOST ESSAYISTS, SCIENTISTS. CRITICS. DiS
COVERERS AND EDITORS, representing every de¬
partment oi Knowledge aDd Progress.
The
Living Age is a weekly magazine giving
more than
THREE AND A QUARTER THOUSAND
double-column octavo pages of reading matter yearly
It presents in an inexpensive form, considering its
great amount of matter, with freshness, owing to Its
weekly Issue, and with a satisfactory completeness
attempted by no other publication, the best Essays
Reviews, Criticisms, Tales, Sketches of Travel and
Discovery, Poetry. Scientific. Biographical, Historical
and Political Information, from the entire body
of
Foreign Periodical Literature, and from the pens
of the
ABLEST LIVING WRITERS.
“
Jt reproduces the best thmights of the best minds
of
the civilized world, upon all topics of living inttrest.
—Ph L-deiphia Uqu rer.
The prince among magazines.”—N. Y. Observer.
“it affords the best, the cheapest and most convenient
means of
in era its phases.
keeping ab east with the pioure
s of thought
—Philadelphia North American.
The Living Age is Published Weekly at $8 00 a
year, free of postage: or for $10 50 The Living Age
and either one of the American $i monthlies
(or
Harper’s Weekly or Bazar) will be sent for a year
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the St. Nicholas or Appleton’s Journal.
Lin TELL Sc GAY, Hoston,
In 20 NUMBERS, of superior
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of writing. A Sample of each, for
trial, by mail, on receipt of 25 CTS.
ASK YOUR STATIONER FOR
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@FedFRASER